<PAGE> 1
As filed with the Securities and Exchange Commission on December 11, 1995.
File Nos. 33-86102; 811-8852
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 / /
----
Pre-Effective Amendment No. / /
----
Post-Effective Amendment No. 3 / X /
----
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 / /
----
Amendment No. 4 / X /
----
(Check appropriate box or boxes.)
-------------------
JOHN HANCOCK INSTITUTIONAL SERIES TRUST
----------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
101 Huntington Avenue
Boston, Massachusetts 02199-7603
------------------------------------------
(Address of Principal Executive Offices)
Registrant's Telephone Number, including Area Code:
(617) 375-1700
-------------------
THOMAS H. DROHAN, ESQ.
John Hancock Advisers, Inc.
101 Huntington Avenue
Boston, Massachusetts 02199-7603
-----------------------------------------
(Name and Address of Agent for Service)
-------------------
It is proposed that this filing will become effective:
X immediately upon filing pursuant to paragraph (b)
- ---
on (date) pursuant to paragraph (b)
- ---
75 days after filing pursuant to paragraph (a) of rule 485
- ---
on [date] pursuant to paragraph (a) of rule 485
- ---
Pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended,
the Registrant has elected to register an indefinite number of shares of the
Registrant and each series thereof.
Page 1 of total pages.
Exhibit index is on page .
<PAGE> 2
File Nos. 33-86102
811-8852
INCORPORATION BY REFERENCE PAGE
The Cross Reference Sheet, Prospectus and Statement of Additional
Information of Registrant (including the unaudited financial statements dated
as of June 30, 1995 of several series of Registrant included therein) included
in Post-Effective Amendment No. 2 to Registrant's Registration Statement are
hereby incorporated by reference into this Post-Effective Amendment No. 3. In
addition, the Statement of Assets and Liabilities of John Hancock Berkeley
Sector Opportunity Fund dated January 12, 1995 and the Independent Auditors'
Report of Deloitte & Touche LLP relating thereto included in Pre-Effective
Amendment No. 1 to Registrant's Registration Statement are hereby incorporated
by reference into this Post-Effective Amendment No. 3.
<PAGE> 3
PART C.
JOHN HANCOCK INSTITUTIONAL SERIES TRUST
OTHER INFORMATION
ITEM 24. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements included in the Registration Statement:
John Hancock Institutional Series Trust
---------------------------------------
John Hancock Independence Diversified Core Equity Fund II
---------------------------------------------------------
Statement of Assets and Liabilities as of June 30, 1995
(unaudited).
Statement of Operations of the period ended June 30, 1995
(unaudited).
Statement of changes in Net Asset for period ended June 30,
1995 (unaudited).
Notes to Financial Statements.
Financial Highlights for each of the period ended June 30,
1994 (unaudited).
Schedule of Investments as of June 30, 1994 (unaudited).
John Hancock Dividend Performers Fund
-------------------------------------
Statement of Assets and Liabilities as of June 30, 1995
(unaudited).
Statement of Operations of the period ended June 30, 1995
(unaudited).
Statement of changes in Net Asset for period ended June 30,
1995 (unaudited).
Notes to Financial Statements.
Financial Highlights for each of the period ended June 30,
1994 (unaudited).
Schedule of Investments as of June 30, 1994 (unaudited).
John Hancock Active Bond Fund
-----------------------------
Statement of Assets and Liabilities as of June 30, 1995
(unaudited).
Statement of Operations of the period ended June 30, 1995
(unaudited).
Statement of changes in Net Asset for period ended June 30,
1995 (unaudited).
Notes to Financial Statements.
Financial Highlights for each of the period ended June 30,
1994 (unaudited).
Schedule of Investments as of June 30, 1994 (unaudited).
<PAGE> 4
John Hancock Global Bond Fund
-----------------------------
Statement of Assets and Liabilities as of June 30, 1995
(unaudited).
Statement of Operations of the period ended June 30, 1995
(unaudited).
Statement of changes in Net Asset for period ended June 30,
1995 (unaudited).
Notes to Financial Statements.
Financial Highlights for each of the period ended June 30,
1994 (unaudited).
Schedule of Investments as of June 30, 1994 (unaudited).
John Hancock Mulit-Sector Growth Fund:
--------------------------------------
Statement of Assets and Liabilities as of June 30, 1995
(unaudited).
Statement of Operations of the period ended June 30, 1995
(unaudited).
Statement of changes in Net Asset for period ended
June 30, 1995 (unaudited).
Notes to Financial Statements.
Financial Highlights for each of the period ended June 30,
1994 (unaudited).
Schedule of Investments as of June 30, 1994 (unaudited).
John Hancock Fundamental Value Fund
-----------------------------------
Statement of Assets and Liabilities as of June 30, 1995
(unaudited).
Statement of Operations of the period ended June 30, 1995
(unaudited).
Statement of changes in Net Asset for period ended June 30,
1995 (unaudited).
Notes to Financial Statements.
Financial Highlights for each of the period ended June 30,
1994 (unaudited).
Schedule of Investments as of June 30, 1994 (unaudited).
John Hancock International Equity Fund
--------------------------------------
Statement of Assets and Liabilities as of June 30, 1995
(unaudited).
Statement of Operations of the period ended June 30, 1995
(unaudited).
Statement of changes in Net Asset for period ended June 30,
1995 (unaudited).
Notes to Financial Statements.
Financial Highlights for each of the period ended June 30,
1994 (unaudited).
Schedule of Investments as of June 30, 1994 (unaudited).
<PAGE> 5
(b) Exhibits:
The exhibits to this Registration Statement are listed in the Exhibit
Index hereto and are incorporated herein by reference.
ITEM 25. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH REGISTRANT
No person is directly or indirectly controlled by or under common
control with the Registrant.
ITEM 26. NUMBER OF HOLDERS OF SECURITIES
<TABLE>
As of November 30, 1995, the number of record holders of shares of
the Registrant was as follows:
<CAPTION>
Title Number of Record Holders
----- ------------------------
<S> <C>
Dividend Performers 339
Active Bond 206
Global Bond 93
Multi-Sector Growth 343
Fundamental Value 248
International Equity 259
Independence Diversified Core Equity II 371
Independence Value 1
Independence Growth 1
Independence Medium Capitalization 3
Independence Balanced 5
</TABLE>
ITEM 27. INDEMNIFICATION
(a) Under Registrant's Declaration of Trust. Article IV, Section 4.3
of the Registrant's Declaration of Trust contains provisions
indemnifying each trustee and each officer of Registrant from
liability to the full extent permitted by law, subject to the
provisions of the Investment Company Act of 1940, as amended.
(b) Under the Underwriting Agreement. Under Section 12 of the
Distribution Agreement, the principal underwriter has agreed to
indemnify the Registrant and its Trustees, officers and
controlling persons against claims arising out of certain acts and
statements of the underwriter.
<PAGE> 6
(c) Under The By-Laws of the John Hancock Mutual Life Insurance
Company ("the Company"), John Hancock Funds, Inc. ("JH Funds,
Inc.") and John Hancock Advisers, Inc. (the "Adviser"). Section
9a of the By-Laws of the Company provides, in effect, that the
Company will, subject to limitations of law, indemnify each
present and former director, officer and employee of the Company
who serves as a director or officer of the Registrant at the
direction or request of the Company against litigation expenses
and liabilities incurred while acting as such, except that such
indemnification does not cover any expense or liability incurred
or imposed in connection with any matter as to which such person
shall be finally adjudicated not to have acted in good faith in
the reasonable belief that his action was in the best interests of
the Company. In addition, no such person will be indemnified by
the Company in respect of any liability or expense incurred in
connection with any matter settled without final adjudication
unless such settlement shall have been approved as in the best
interests of the Company either by vote of the Board of Directors
at a meeting composed of directors who have no interest in the
outcome of such vote or by vote of the policyholders. The Company
may pay expenses incurred in defending an action or claim in
advance of its final disposition, but only upon receipt of an
undertaking by the person indemnified to repay such payment if he
should be determined to be entitled to indemnification.
Article IX of the respective By-Laws of JH Funds, Inc. and the
Adviser provides as follows:
Section 9.01. Indemnity: Any person made or threatened to be
made a party to any action, suit or proceeding, whether civil,
criminal, administrative or investigative, by reason of the
fact that he is or was at any time since the inception of the
Corporation a director, officer, employee or agent of the
Corporation, or is or was at any time since the inception of
the Corporation serving at the request of the Corporation as a
director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, shall
be indemnified by the Corporation against expenses (including
attorney's fees), judgments, fines and amounts paid in
settlement actually and reasonably incurred by him in
connection with such action, suit or proceeding if he acted in
good faith and the liability was not incurred by reason of
gross negligence or reckless disregard of the duties involved
in the conduct of his office, and expenses in connection
therewith may be advanced by the Corporation, all to the full
extent authorized by law.
Section 9.02. Not Exclusive; Survival of Rights: The
indemnification provided by Section 9.01 shall not be deemed
exclusive of any other right to which those indemnified may be
entitled, and shall continue as to a person who has ceased to
be a director, officer, employee or agent and shall inure to
the benefit of the heirs, executors and administrators of such
a person.
<PAGE> 7
(d) Under the Investment Management Contracts of Registrant on behalf of
each Fund. Each of the Registrant's Investment Management Contracts (the
"Contracts") provides that the Adviser shall not be liable for any error of
judgment or mistake of law or for any loss suffered by the Fund in
connection with matters to which the Contract relates, except a loss
resulting from willful misfeasance, bad faith or gross negligence on the
part of the Adviser in the performance of its duties or from reckless
disregard by it of its obligations and duties under the contract. Any
person, even though also employed by the Adviser, who may be or become an
employee of and paid by the Trust a Fund shall be deemed, when acting
within the scope of his employment by the Fund, to be acting in such
employment solely for the Fund and not as the Adviser's employee or agent.
(e) Under the Sub-Investment Management Contracts. Each of the
Sub-Investment Management Contracts (the "Sub-Investment Contracts")
provides that the Sub-Adviser shall not be liable for any error of judgment
or mistake of law or for any loss suffered by the Trust, the Fund or the
Adviser in connection with matters to which the Sub-Investment Contract
relates, except a loss resulting from willful misfeasance, bad faith or
gross negligence on the Sub-Adviser's part in the performance of its duties
or from reckless disregard by it of its obligations and duties under the
contract. Any person, even though also employed by the Sub-Adviser, who
may be or become an employee of and paid by the Trust or the Fund shall be
deemed, when acting within the scope of his employment by the Trust or the
Fund, to be acting in such employment solely for the Trust or the Fund and
not as the Sub-Adviser's employee or agent.
(f) Insofar as indemnification for liabilities under the Securities Act of
1933, as amended (the "1933 Act"), may be permitted to Trustees, officers
and controlling persons of Registrant pursuant to the foregoing provisions,
Registrant has been advised that in the opinion of the Securities and
Exchange Commission such indemnification is against policy as expressed in
the 1933 Act and is, therefore, unenforceable. In the event that a claim
for indemnification against such liabilities (other than the payment by the
Registrant in the successful defense of any action, suit or proceeding) is
asserted by such Trustee, officer or controlling person in connection with
the securities being registered, Registrant will, unless in the opinion of
its counsel the matter has been settled by controlling precedent, submit to
a court of appropriate jurisdiction the question whether indemnification by
it is against public policy as expressed in the 1933 Act and will be
governed by the final adjudication of such issue.
ITEM 28. BUSINESS AND OTHER CONNECTIONS OF INVESTMENT ADVISER
For all of the information required by this item reference is made to
the Forms ADV, as amended, filed under the Investment Advisers Act of
1940 of the Registrant's Adviser, John Hancock Advisers, Inc. (File
No. 801-8124), and the Registrant's Sub-Advisers; Independence
Investment Associates, Inc. (File No. 801- 18048), John Hancock
Advisers International, Ltd. (File No. 801-294981), NM Capital
Management, Inc. (File No. 801
<PAGE> 8
-14571) and Sovereign Asset Management Corporation (File No. 801-
420231) incorporated herein by reference.
ITEM 29. PRINCIPAL UNDERWRITERS
(a) The Registrant's sole principal underwriter is JH Funds, Inc., which
also acts as principal underwriter for the following investment companies:
John Hancock Cash Management Fund, John Hancock Capital Series, John
Hancock Sovereign Bond Fund, John Hancock Sovereign Investors Fund, Inc.,
John Hancock Special Equities Fund, John Hancock Strategic Series, John
Hancock Tax- Exempt Income Fund, John Hancock Tax-Exempt Series Fund, John
Hancock Technology Series, Inc., John Hancock Limited Term Government Fund,
John Hancock World Fund, Freedom Investment Trust, Freedom Investment Trust
II, Freedom Investment Trust III, John Hancock Bond Fund, John Hancock
California Tax-Free Income Fund, John Hancock Cash Reserve, Inc., John
Hancock Current Interest, John Hancock Investment Trust, John Hancock
Series, Inc. and John Hancock Tax-Free Bond Fund.
<TABLE>
(b) The following table lists, for each director and officer of JH Funds,
Inc., the information indicated.
<CAPTION>
Positions and Positions and
Name and Principal Offices with Offices with
Business Address Underwriter Registrant
- ------------------ ------------- --------------
<S> <C> <C>
Edward J. Boudreau, Jr. Chairman of Chairman and
101 Huntington Avenue the Board Chief Executive
Boston, Massachusetts Officer
Foster L. Aborn Director None
John Hancock Place
P.O. Box 111
Boston, Massachusetts
William C. Fletcher Director None
53 State Street
Boston, Massachusetts
Robert H. Watts Director None
101 Huntington Avenue
Boston, Massachusetts
</TABLE>
<PAGE> 9
<TABLE>
<CAPTION>
Positions and Positions and
Name and Principal Offices with Offices with
Business Address Underwriter Registrant
- ------------------ ------------- --------------
<S> <C> <C>
C. Troy Shaver, Jr. President, Chief None
101 Huntington Avenue Executive Officer
Boston, Massachusetts and Director
Stephen W. Blair Executive Vice None
101 Huntington Avenue President
Boston, Massachusetts
James V. Bowhers Executive Vice None
101 Huntington Avenue President
Boston, Massachusetts
James W. McLaughlin Senior Vice President None
101 Huntington Avenue and Chief Financial
Boston, Massachusetts Officer
Thomas H. Drohan Senior Vice Senior Vice
101 Huntington Avenue President President and
Boston, Massachusetts Secretary
David A. King Director and Senior None
101 Huntington Avenue Vice President
Boston, Massachusetts
James B. Little Senior Vice Senior Vice
101 Huntington Avenue President President and
Boston, Massachusetts Chief
Financial Officer
John A. Morin Vice President Vice President
101 Huntington Avenue
Boston, Massachusetts
Susan S. Newton Vice President Vice President,
101 Huntington Avenue and Secretary Assistant Secretary
Boston, Massachusetts and Compliance
Officer
</TABLE>
<PAGE> 10
<TABLE>
<CAPTION>
Positions and Positions and
Name and Principal Offices with Offices with
Business Address Underwriter Registrant
- ------------------ ------------- --------------
<S> <C> <C>
William S. Nichols Senior Vice President None
101 Huntington Avenue
Boston, Massachusetts
Michael T. Carpenter Senior Vice President None
1000 Louisiana Street
Houston, Texas
Christopher M. Meyer Treasurer None
101 Huntington Avenue
Boston, Massachusetts
Robert G. Freedman Director Vice Chairman
101 Huntington Avenue and Chief Investment
Boston, Massachusetts Officer
Stephen L. Brown Director None
John Hancock Place
P.O. Box 111
Boston, Massachusetts
Thomas E. Moloney Director None
John Hancock Place
P.O. Box 111
Boston, Massachusetts
Jeanne M. Livermore Director None
John Hancock Place
P.O. Box 111
Boston, Massachusetts
Richard S. Scipione Director Trustee
John Hancock Place
P.O. Box 111
Boston, Massachusetts
</TABLE>
<PAGE> 11
<TABLE>
<CAPTION>
Positions and Positions and
Name and Principal Offices with Offices with
Business Address Underwriter Registrant
- ------------------ ------------- --------------
<S> <C> <C>
John Goldsmith Director None
John Hancock Place
P.O. Box 111
Boston, Massachusetts
Richard O. Hansen Director None
John Hancock Place
P.O. Box 111
Boston, Massachusetts
John M. DeCiccio Director None
John Hancock Place
P.O. Box 111
Boston, Massachusetts
</TABLE>
(c) None.
ITEM 30. LOCATION OF ACCOUNTS AND RECORDS
Registrant maintains the records required to be maintained by it under
Rules 31a-1(a), 31a-1(b) and 31a-2(a) under the Investment Company Act
of 1940 at its principal executive offices at 101 Huntington Avenue,
Boston, Massachusetts 02199- 7603. Certain records, including records
relating to Registrant's shareholders and the physical possession of
its securities, may be maintained pursuant to Rule 31a-3 at the main
office of Registrant's Transfer Agent or Custodian.
ITEM 31. MANAGEMENT SERVICES
The Registrant is not a party to any management-related service
contract, except as described in this Registration Statement.
ITEM 32. UNDERTAKINGS
The Registrant undertakes:
(a) not applicable;
<PAGE> 12
(b) to file a post-effective amendment, using financial statements which
need not be certified, within four to six months from the effective date of
the Trust's 1933 Act registration statement;
(c) to furnish each person to whom a prospectus is delivered with a copy
of the Registrant's latest annual report to shareholders upon request and
without charge; and
(d) if requested to do so by holders of at least 10% of the outstanding
shares of the Registrant, to call and hold a meeting of shareholders of the
Registrant for the purpose of voting upon the question of removal of a
trustee or trustees and to assist shareholders in the communication with
other shareholders.
<PAGE> 13
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940 the Registrant certifies that it meets all of the
requirements for effectiveness of this Registration Statement pursuant to Rule
485(b) under the Securities Act of 1933 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereto duly
authorized, in the City of Boston, and the Commonwealth of Massachusetts on the
11th day of December 1995.
JOHN HANCOCK INSTITUTIONAL SERIES TRUST
By: *
-------------------------------
Edward J. Boudreau, Jr.
Chairman
<TABLE>
Pursuant to the requirements of the Securities Act of 1933, the
Registration has been signed below by the following persons in the capacities
and on the dates indicated.
<CAPTION>
Signature Title Date
--------- ----- ----
<S> <C> <C>
* Chairman
- --------------------------- (Principal Executive Officer)
Edward J. Boudreau, Jr.
Senior Vice President and Chief
Financial Officer (Principal
/s/ James B. Little Financial and Accounting Officer) December 11, 1995
- ---------------------------
James B. Little
*
- --------------------------- Trustee
Thomas W. L. Cameron
*
- --------------------------- Trustee
James F. Carlin
*
- --------------------------- Trustee
William H. Cunningham
*
- --------------------------- Trustee
Charles F. Fretz
</TABLE>
<PAGE> 14
<TABLE>
<S> <C> <C>
*
- --------------------------- Trustee
Harold R. Hiser, Jr.
*
- --------------------------- Trustee
Charles L. Ladner
*
- --------------------------- Trustee
Leo E. Linbeck, Jr.
*
- --------------------------- Trustee
Patricia P. McCarter
*
- --------------------------- Trustee
Steven R. Pruchansky
*
- --------------------------- Trustee
Richard S. Scipione
*
- --------------------------- Trustee
Norman H. Smith
*
- --------------------------- Trustee
John P. Toolan
*By:
/s/Thomas H. Drohan December 11, 1995
- ---------------------------
Thomas H. Drohan
(Attorney-in-Fact)
</TABLE>
<PAGE> 15
<TABLE>
JOHN HANCOCK INSTITUTIONAL SERIES
---------------------------------
EXHIBIT INDEX
-------------
<CAPTION>
EXHIBIT NO. EXHIBIT DESCRIPTION PAGE NUMBER
- ----------- ------------------- -----------
<S> <C>
1 Declaration of Trust dated October 31, 1994.*
1a Instrument Changing Names of Series of Shares of
Trust, Increasing the Number of Trustees and Appointing
Individuals to Fill the Vacancies, and Establishing
New Series *
2 Amended and Restated By-Laws dated December 19, 1994.*
3 None
4 Specimen share certificates for each series of the
Registrant.*
5 Investment Management Contracts between the Registrant
on behalf of John Hancock Berkeley Bond Fund, John
Hancock Berkeley Sector Opportunity Fund, John Hancock
Independence Diversified Core Equity Fund II, John
Hancock Berkeley Dividend Performers Fund, John Hancock
Berkeley Global Bond Fund, John Hancock Independence
Balanced Fund, John Hancock Berkeley Fundamental Value
Fund, John Hancock Berkeley Overseas Growth Fund.*
5.1 Sub-Investment Management Contracts among the
Registrant on behalf of John Hancock Independence
Diversified Core Equity Fund II and John Hancock
Independence Balanced Fund, John Hancock Advisers,
Inc., and Independence Investment Associates, Inc.*
5.2 Sub-Investment Management Contract among the Registrant
on behalf of John Hancock Berkeley Dividend Performers
Fund, John Hancock Advisers, Inc., and Sovereign Asset
Management Corporation.*
5.3 Sub-Investment Management Contact among the Registrant
on behalf of John Hancock Berkeley Overseas Growth
Fund, John Hancock Advisers, Inc., and John Hancock
Advisers International, Ltd.*
5.4 Sub-Investment Management Contract among the Registrant
on behalf of John Hancock Berkeley Fundamental Value
Fund, John Hancock Advisers, Inc., and NM Capital
Management, Inc.*
6 Distribution Agreement between the Registrant and John
Hancock Funds, Inc. dated January 30, 1995.*
7 None
</TABLE>
<PAGE> 16
<TABLE>
<CAPTION>
EXHIBIT NO. EXHIBIT DESCRIPTION PAGE NUMBER
- ----------- ------------------- -----------
<S> <C>
8 Master Custodian Agreement between John Hancock Mutual
Funds and Investors Bank and Trust Company. *
8.1 Master Custodian Agreement between John Hancock Mutual
Funds and State Street Bank and Trust Company.*
8.2 Amendment to Master Custodian Agreement between
Registrant on behalf of John Hancock Berkeley Global
Bond Fund and John Hancock Berkeley Overseas Growth
Fund and State Street Bank and Trust Company.*
8.3 Amendment to Master Custodian Agreement between
Registrant on behalf of John Hancock Berkeley Dividend
Performers Fund, John Hancock Berkeley Bond Fund, John
Hancock Berkeley Fundamental Value Fund, John Hancock
Berkeley Sector Opportunity Fund, John Hancock
Independence Diversified Core Equity Fund II, John
Hancock Independence Value Fund, John Hancock
Independence Growth Fund, John Hancock Independence
Medium Capitalization Fund and John Hancock
Independence Balanced Fund and Investors Bank and Trust
Company.*
9 Transfer Agency and Service Agreement between the
Registrant and John Hancock Investors Services
Corporation dated January 30, 1995.*
10 Legal Opinion with respect to the Registrant.*
11 Auditor's Consent from Deloitte & Touche LLP +
12 Financial Statements of the Registrant for the period
ended June 30, 1995 included in Parts A and B.*
13 Subscription agreement between Registrant and John
Hancock Advisers, Inc. dated January 12, 1995.*
14 None
15 None
16 None
17 Powers of Attorney*
27.1 Multi-Sector Growth
27.2 International Equity
27.3 Div Core II
<FN>
* Previously filed with Registration Statement and/or
post-effective amendments and incorporated by reference
herein.
+ Filed herewith.
</TABLE>
<PAGE> 17
<TABLE>
<CAPTION>
EXHIBIT NO. EXHIBIT DESCRIPTION PAGE NUMBER
- ----------- ------------------- -----------
<S> <C>
27.4 Div Perf
27.5 Active Bond
27.6 Global Bond
27.7 Fund Value
</TABLE>
<PAGE> 1
EXHIBIT 11
INDEPENDENT AUDITORS' CONSENT
We consent to the Incorporation by reference in this Post-Effective Amendment
No. 3 to the Registration Statement No. 33-6102 of John Hancock Institutional
Series Trust of our report dated January 13, 1995 on John Hancock Berkeley
Sector Opportunity Fund (now known as John Hancock Multi-Sector Growth Fund)
and to the reference to us under the heading "Independent Auditors" in the
Statement of Additional Information, which is incorporated by reference in such
Registration Statement.
Deloitte & Touche LLP
Boston, Massachusetts
December 6, 1995
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> SECTOR OPPORTUNITY
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> FEB-29-1996
<PERIOD-START> APR-11-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 1,879,348
<INVESTMENTS-AT-VALUE> 1,874,450
<RECEIVABLES> 173,697
<ASSETS-OTHER> 42,044
<OTHER-ITEMS-ASSETS> (4,898)
<TOTAL-ASSETS> 2,090,191
<PAYABLE-FOR-SECURITIES> 50,742
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 138,557
<TOTAL-LIABILITIES> 189,299
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,904,857
<SHARES-COMMON-STOCK> 221,744
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 6,022
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (5,089)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,898)
<NET-ASSETS> 1,900,892
<DIVIDEND-INCOME> 239
<INTEREST-INCOME> 7,392
<OTHER-INCOME> 0
<EXPENSES-NET> 1,609
<NET-INVESTMENT-INCOME> 6,022
<REALIZED-GAINS-CURRENT> (5,089)
<APPREC-INCREASE-CURRENT> (4,898)
<NET-CHANGE-FROM-OPS> (3,965)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 224,630
<NUMBER-OF-SHARES-REDEEMED> 2,886
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,900,892
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,287
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 18,227
<AVERAGE-NET-ASSETS> 743,212
<PER-SHARE-NAV-BEGIN> 8.50
<PER-SHARE-NII> 0.03
<PER-SHARE-GAIN-APPREC> 0.04
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.57
<EXPENSE-RATIO> 1
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> OVERSEAS GROWTH
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> FEB-29-1996
<PERIOD-START> MAR-30-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 897,316
<INVESTMENTS-AT-VALUE> 903,242
<RECEIVABLES> 20,075
<ASSETS-OTHER> 48,648
<OTHER-ITEMS-ASSETS> 5,921
<TOTAL-ASSETS> 971,965
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 61,144
<TOTAL-LIABILITIES> 61,144
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 897,364
<SHARES-COMMON-STOCK> 105,386
<SHARES-COMMON-PRIOR> 0
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> DIV CORE II
<S> <C>
<PERIOD-TYPE> OTHER
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<PERIOD-START> MAR-10-1995
<PERIOD-END> JUN-30-1995
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> DIV PERF
<S> <C>
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<NUMBER-OF-SHARES-SOLD> 384,933
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<ACCUMULATED-NII-PRIOR> 0
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<PER-SHARE-NII> (0.08)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> BERKELEY BOND
<S> <C>
<PERIOD-TYPE> 3-MOS
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<PERIOD-START> MAR-30-1995
<PERIOD-END> JUN-30-1995
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> GLOBAL BOND
<S> <C>
<PERIOD-TYPE> OTHER
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<PERIOD-END> JUN-30-1995
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<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> 0
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<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 18,058
<DIVIDEND-INCOME> 0
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<EXPENSES-NET> 21
<NET-INVESTMENT-INCOME> 85
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<NUMBER-OF-SHARES-SOLD> 2,115
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<SHARES-REINVESTED> 10
<NET-CHANGE-IN-ASSETS> 18,058
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> FUND VALUE
<S> <C>
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<NUMBER-OF-SHARES-SOLD> 67,098
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</TABLE>
