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John Hancock Institutional Funds Supplement to the Prospectus Dated January 10, 2000 On page 10, the "Portfolio Manager" section for the John Hancock Small Capitalization Value Fund has been changed as follows: PORTFOLIO MANAGER Timothy E. Quinlisk, CFA ------------------------ Senior vice president of adviser Joined team in 1998 Joined adviser in 1998 Began business career in 1985 April 3, 2000
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