Supplement to the John Hancock Institutional Series Trust dated July 1, 1998
JOHN HANCOCK DIVIDEND PERFORMERS FUND
The trustees of John Hancock Dividend Performers Fund approved the termination
of the funds subadviser, John Hancock Sovereign Asset Management Corporation as
of December 31, 1998.
This termination will not change the funds present portfolio management team
lead by John F. Snyder III. Mr. Snyder is presently officers of John Hancock
Advisers, Inc. (the "Adviser") and the rest of the team will become employees of
the Adviser on January 1, 1999.
JOHN HANCOCK GLOBAL BOND FUND
Effective January 4, 1999, John Hancock Global Bond Fund will be closed to all
new accounts and subsequent investments..
