JOHN HANCOCK VARIABLE ANNUITY ACCOUNT I
SUPPLEMENT DATED MAY 1, 2000
TO
PROSPECTUS DATED MAY 1, 2000
Notwithstanding any language in the prospectus to the contrary, the following
shall apply with respect to MARKETPLACE VARIABLE ANNUITY contracts delivered or
issued for delivery on or before May 1, 2000:
(1) Your contract enables you to invest in the Global Equity variable
investment option. If you select this variable investment option, we
will invest your money in the corresponding Fund of the John Hancock
Variable Series Trust I ("Trust"). We may modify or delete this
investment option in the future.
(2) The Annual Fund Expenses table on page 5 of the prospectus is
supplemented with the following information on the Global Equity
variable investment option:
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
Investment Other Total Fund Other Operating
Management Operating Operating Expenses Absent
Fund Name Fee Expenses Expenses Reimbursement
---------- --------- ---------- ---------------
John Hancock Variable Series Trust I (See Note 1 on page 6):
Global Equity.................................................. 0.90% 0.10% 1.00% 0.50%
(3) The example on page 7 of the prospectus is supplemented with the
following information on the current expenses you would pay, directly
or indirectly, on a $1,000 investment allocated to the Global Equity
variable investment option, assuming a 5% annual return on assets (but
not including any applicable premium taxes or any fees for optional
benefit riders; actual expense may be greater or less than those shown
above and in the Fee table on page 5 of the prospectus):
If you begin receiving payments under one of our annuity payment
options at the end of one of the following periods, if you maintain
your contract in force, or if you do not surrender ("turn in") your
contact at the end of one of the applicable periods, you would pay $21
at the end of 1 year; $63 at the end of 3 years; $106 at the end of 5
years; and $235 at the end of 10 years.
(4) The Global Equity variable investment option is subject to all the
terms and conditions of the contracts and the procedures described in
the prospectus (See "How can I change my contract's investment
allocations?" beginning on page 13 of the prospectus.)
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JOHN HANCOCK VARIABLE ANNUITY ACCOUNT I
SUPPLEMENT DATED MAY 1, 2000 - continued
(5) The Condensed Financial Information table beginning on page 31 is
supplemented with the following selected data for Marketplace
accumulation units for the Global Equity investment option. Values
shown for 1998 begin on November 30, 1998:
<S> <C> <C>
Year Ended Year Ended
December 31, 1999 December 31, 1998
----------------- -----------------
Global Equity
Accumulation share value:
Beginning of period ............................................. $10.305 $10.000
End of period ................................................... 12.670 $10.305
Number of Accumulation Shares outstanding at end of period ....... 157 0
This supplement is accompanied with a prospectus supplement dated May 1, 2000
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for the Trust that contains detailed information about the Global Equity Fund. Be sure
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to read that prospectus supplement before selecting the Global Equity investment option.
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</TABLE>
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