<PAGE> PAGE 1
000 A000000 04/30/98
000 C000000 925683
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 JOHN HANCOCK BANK AND THRIFT OPPORTUNITY FUND
001 B000000 811-8568
001 C000000 6173751702
002 A000000 101 HUNTINGTON AVENUE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02199
002 D020000 7603
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 Y
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
071 A000000 42931
071 B000000 92477
071 C000000 585138
071 D000000 4
072 A000000 6
074 N000000 1229897
<PAGE> PAGE 2
074 T000000 1222361
075 A000000 0
075 B000000 1142268
077 A000000 Y
SIGNATURE SUSAN S. NEWTON
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 000
<NAME> JOHN HANCOCK BANK AND THRIFT OPPORTUNITY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1998
<PERIOD-START> NOV-01-1997
<PERIOD-END> APR-30-1998
<INVESTMENTS-AT-COST> 480,195,392
<INVESTMENTS-AT-VALUE> 1,218,667,118
<RECEIVABLES> 11,135,912
<ASSETS-OTHER> 46,179
<OTHER-ITEMS-ASSETS> 47,952
<TOTAL-ASSETS> 1,229,897,161
<PAYABLE-FOR-SECURITIES> 6,196,614
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,339,222
<TOTAL-LIABILITIES> 7,535,836
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 435,267,021
<SHARES-COMMON-STOCK> 88,400,000
<SHARES-COMMON-PRIOR> 88,400,000
<ACCUMULATED-NII-CURRENT> 4,737,338
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 43,879,363
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 738,477,603
<NET-ASSETS> 1,222,361,325
<DIVIDEND-INCOME> 11,466,776
<INTEREST-INCOME> 2,709,831
<OTHER-INCOME> 0
<EXPENSES-NET> 8,065,903
<NET-INVESTMENT-INCOME> 6,110,704
<REALIZED-GAINS-CURRENT> 43,879,722
<APPREC-INCREASE-CURRENT> 175,985,947
<NET-CHANGE-FROM-OPS> 225,976,373
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 12,375,469
<DISTRIBUTIONS-OF-GAINS> 52,637,780
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 160,963,124
<ACCUMULATED-NII-PRIOR> 11,002,103
<ACCUMULATED-GAINS-PRIOR> 52,637,421
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 6,315,425
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,065,903
<AVERAGE-NET-ASSETS> 1,142,268,246
<PER-SHARE-NAV-BEGIN> 12.01
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 2.49
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> (0.60)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.83
<EXPENSE-RATIO> 1.47
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>