UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-04146
______________________________________________________________________________________

JOHN HANCOCK TRUST
______________________________________________________________________________________

(Exact name of registrant as specified in charter)

601 CONGRESS STREET, BOSTON, MA 02210
______________________________________________________________________________________ 

(Address of principal executive offices)                                                                     (Zip code)

GORDON M. SHONE, 601 CONGRESS STREET, BOSTON, MA 02210
______________________________________________________________________________________
(Name and address of agent for service)

Registrant’s telephone number, including area code: 617-663-3000

Date of fiscal year end: December 31

Date of reporting period: September 30, 2007

Item 1. Schedule of Investments.

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) (showing percentage of total net assets)

500 Index Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.61%
Advertising - 0.18%
Interpublic Group of Companies, Inc. *	55,348	$	574,512
Monster Worldwide, Inc. *	15,538		529,224
Omnicom Group, Inc.	38,541		1,853,437
			2,957,173
Aerospace - 2.27%
Boeing Company	92,004		9,659,500
General Dynamics Corp.	47,628		4,023,137
Goodrich Corp.	14,703		1,003,186
Lockheed Martin Corp.	40,762		4,422,269
Northrop Grumman Corp.	40,347		3,147,066
Raytheon Company	51,341		3,276,582
Rockwell Collins, Inc.	19,566		1,429,101
United Technologies Corp.	116,431		9,370,367
			36,331,208
Agriculture - 0.50%
Archer-Daniels-Midland Company	75,554		2,499,326
Monsanto Company	64,035		5,490,361
			7,989,687
Air Travel - 0.08%
Southwest Airlines Company	87,732		1,298,434
Aluminum - 0.25%
Alcoa, Inc.	103,782		4,059,952
Apparel & Textiles - 0.46%
Cintas Corp.	15,836		587,515
Coach, Inc. *	43,800		2,070,426
Jones Apparel Group, Inc.	10,970		231,796
Liz Claiborne, Inc.	12,005		412,132
NIKE, Inc., Class B	45,388		2,662,460
Polo Ralph Lauren Corp., Class A	7,032		546,738
VF Corp.	10,433		842,465
			7,353,532
Auto Parts - 0.27%
AutoZone, Inc. *	5,372		623,904
Genuine Parts Company	19,949		997,450
Johnson Controls, Inc.	23,244		2,745,349
			4,366,703
Auto Services - 0.02%
AutoNation, Inc. *	17,791		315,257
Automobiles - 0.44%
Ford Motor Company *	246,483		2,092,641
General Motors Corp.	66,431		2,438,018
PACCAR, Inc.	29,185		2,488,021
			7,018,680
Banking - 4.17%
Banco Bilbao Vizcaya Argentaria, S.A., ADR *	1		23
Bank of America Corp.	520,926		26,186,950
BB&T Corp.	64,796		2,617,111
Comerica, Inc.	17,963		921,143
Commerce Bancorp, Inc.	22,569		875,226

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Fifth Third Bancorp	62,889	$	2,130,679
First Horizon National Corp. (a)	14,820		395,101
Hudson City Bancorp, Inc.	62,435		960,250
Huntington BancShares, Inc.	42,958		729,427
KeyCorp	45,709		1,477,772
M&T Bank Corp.	8,805		910,877
Marshall & Ilsley Corp.	31,291		1,369,607
National City Corp.	74,345		1,865,316
Northern Trust Corp.	22,479		1,489,683
Regions Financial Corp.	82,638		2,436,168
Sovereign Bancorp, Inc.	42,188		718,884
SunTrust Banks, Inc.	40,977		3,100,730
US Bancorp	202,676		6,593,050
Wachovia Corp.	223,406		11,203,811
Zions Bancorp	12,629		867,234
			66,849,042
Biotechnology - 0.79%
Amgen, Inc. *	127,579		7,217,144
Applera Corp.	21,529		745,765
Biogen Idec, Inc. *	33,801		2,242,020
Genzyme Corp. *	30,957		1,918,096
Millipore Corp. *	6,334		480,117
			12,603,142
Broadcasting - 0.67%
CBS Corp., Class B	80,408		2,532,852
Clear Channel Communications, Inc. (a)	58,547		2,192,000
News Corp., Class A	271,772		5,976,266
			10,701,118
Building Materials & Construction - 0.11%
American Standard Companies, Inc.	21,305		758,884
Masco Corp.	43,101		998,650
			1,757,534
Business Services - 1.07%
Affiliated Computer Services, Inc., Class A *	11,688		587,205
Automatic Data Processing, Inc.	62,344		2,863,460
Computer Sciences Corp. *	20,426		1,141,813
Convergys Corp. *	15,917		276,319
Electronic Data Systems Corp.	59,746		1,304,853
Equifax, Inc.	16,752		638,586
Fiserv, Inc. *	19,590		996,347
Fluor Corp.	10,368		1,492,785
H & R Block, Inc.	38,111		807,191
Moody's Corp.	26,006		1,310,702
NCR Corp. *	21,190		1,055,262
Paychex, Inc.	39,933		1,637,253
Pitney Bowes, Inc.	25,813		1,172,427
R.R. Donnelley & Sons Company	26,074		953,265
Robert Half International, Inc.	19,245		574,656
Unisys Corp. *	41,083		271,970
			17,084,094

The accompanying notes are an integral part of the financial statements. 

1

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cable & Television - 1.41%
Comcast Corp., Class A *	362,824	$	8,773,084
DIRECTV Group, Inc. *	89,171		2,165,072
E.W. Scripps Company, Class A	10,536		442,512
Time Warner, Inc.	437,804		8,038,082
Viacom, Inc., Class B *	80,606		3,141,216
			22,559,966
Cellular Communications - 0.49%
ALLTEL Corp.	41,137		2,866,426
Motorola, Inc.	271,724		5,035,046
			7,901,472
Chemicals - 1.26%
Air Products & Chemicals, Inc.	25,366		2,479,780
Ashland, Inc.	6,563		395,158
Dow Chemical Company	111,533		4,802,611
E.I. Du Pont de Nemours & Company	108,066		5,355,751
Eastman Chemical Company	9,867		658,425
Hercules, Inc.	13,618		286,250
PPG Industries, Inc.	19,259		1,455,018
Praxair, Inc.	37,550		3,145,188
Rohm & Haas Company	16,125		897,679
Sigma-Aldrich Corp.	15,414		751,278
			20,227,138
Coal - 0.16%
CONSOL Energy, Inc.	21,404		997,426
Peabody Energy Corp.	31,169		1,492,060
			2,489,486
Commercial Services - 0.04%
CB Richard Ellis Group, Inc. *	23,148		644,440
Computers & Business Equipment - 6.02%
Apple, Inc. *	102,092		15,675,206
Cisco Systems, Inc. *	715,044		23,675,107
Cognizant Technology Solutions Corp.,
Class A *	16,976		1,354,175
Dell, Inc. *	266,678		7,360,313
EMC Corp. *	246,213		5,121,230
Hewlett-Packard Company	302,654		15,069,143
International Business Machines Corp.	159,706		18,813,367
Juniper Networks, Inc. *	60,353		2,209,523
Lexmark International, Inc. *	11,094		460,734
Network Appliance, Inc. *	41,772		1,124,085
SanDisk Corp. *	26,748		1,473,815
Sun Microsystems, Inc. *	415,289		2,329,771
Xerox Corp. *	109,866		1,905,076
			96,571,545
Construction & Mining Equipment - 0.22%
National Oilwell Varco, Inc. *	20,909		3,021,350
Rowan Companies, Inc.	12,974		474,589
			3,495,939
Construction Materials - 0.11%
Sherwin-Williams Company	12,747		837,605

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Construction Materials (continued)
Vulcan Materials Company	11,217	$	999,996
			1,837,601
Containers & Glass - 0.12%
Ball Corp.	12,023		646,236
Bemis Company, Inc.	12,269		357,151
Pactiv Corp. *	15,346		439,816
Sealed Air Corp.	18,961		484,643
			1,927,846
Cosmetics & Toiletries - 2.28%
Avon Products, Inc.	50,791		1,906,186
Colgate-Palmolive Company	59,865		4,269,572
Estee Lauder Companies, Inc., Class A	13,456		571,342
International Flavors & Fragrances, Inc.	10,483		554,131
Kimberly-Clark Corp.	49,965		3,510,541
Procter & Gamble Company	366,363		25,769,974
			36,581,746
Crude Petroleum & Natural Gas - 1.64%
Apache Corp.	38,976		3,510,179
Chesapeake Energy Corp.	48,168		1,698,404
Devon Energy Corp.	52,359		4,356,269
EOG Resources, Inc.	28,739		2,078,692
Marathon Oil Corp.	79,958		4,559,205
Occidental Petroleum Corp.	97,526		6,249,466
Sunoco, Inc.	14,130		1,000,121
XTO Energy, Inc.	45,294		2,800,981
			26,253,317
Drugs & Health Care - 0.44%
Wyeth	157,855		7,032,440
Educational Services - 0.06%
Apollo Group, Inc., Class A *	16,681		1,003,362
Electrical Equipment - 0.42%
Cooper Industries, Ltd., Class A	21,565		1,101,756
Emerson Electric Company	92,980		4,948,396
Molex, Inc.	16,858		453,986
Tektronix, Inc.	8,914		247,274
			6,751,412
Electrical Utilities - 2.67%
Allegheny Energy, Inc. *	19,496		1,018,861
Ameren Corp.	24,372		1,279,530
American Electric Power Company, Inc.	46,865		2,159,539
CenterPoint Energy, Inc. (a)	37,705		604,411
CMS Energy Corp.	26,365		443,459
Consolidated Edison, Inc. (a)	31,811		1,472,849
Constellation Energy Group	21,189		1,817,804
Dominion Resources, Inc. (a)	34,165		2,880,110
DTE Energy Company	20,034		970,447
Dynegy, Inc., Class A *	58,179		537,574
Edison International	38,249		2,120,907
Entergy Corp.	22,972		2,487,638
Exelon Corp.	79,145		5,964,367

The accompanying notes are an integral part of the financial statements. 

2

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
FirstEnergy Corp.	35,786	$	2,266,685
FPL Group, Inc.	47,760		2,907,629
Integrys Energy Group, Inc.	8,921		457,023
PG&E Corp.	41,483		1,982,888
Pinnacle West Capital Corp.	11,776		465,270
PPL Corp.	44,974		2,082,296
Public Service Enterprise Group, Inc.	29,852		2,626,678
TECO Energy, Inc.	24,721		406,166
The AES Corp. *	78,492		1,572,980
The Southern Company	88,801		3,221,700
Xcel Energy, Inc.	49,291		1,061,728
			42,808,539
Electronics - 0.61%
Agilent Technologies, Inc. *	45,379		1,673,577
Harman International Industries, Inc.	7,659		662,657
Jabil Circuit, Inc.	24,366		556,519
L-3 Communications Holdings, Inc.	14,797		1,511,366
Solectron Corp. *	107,290		418,431
Thermo Fisher Scientific, Inc. *	50,079		2,890,560
Tyco Electronics, Ltd.	58,368		2,067,978
			9,781,088
Energy - 0.60%
Duke Energy Corp.	147,945		2,765,092
Progress Energy, Inc.	30,394		1,423,959
Sempra Energy	30,995		1,801,430
TXU Corp.	54,137		3,706,760
			9,697,241
Financial Services - 9.74%
American Capital Strategies, Ltd.	22,063		942,752
American Express Company	138,866		8,244,474
Ameriprise Financial, Inc.	27,621		1,743,161
Bank of New York Mellon Corp.	133,579		5,896,177
Bear Stearns Companies, Inc.	13,632		1,674,146
Capital One Financial Corp.	49,034		3,257,329
Charles Schwab Corp.	111,264		2,403,302
CIT Group, Inc.	22,399		900,440
Citigroup, Inc.	583,991		27,254,860
CME Group, Inc. (a)	6,236		3,662,715
Countrywide Financial Corp.	67,622		1,285,494
Discover Financial Services *	56,025		1,165,320
E*TRADE Financial Corp. *	49,923		651,994
Federal Home Loan Mortgage Corp.	76,323		4,503,820
Federal National Mortgage Association	114,279		6,949,306
Federated Investors, Inc., Class B	10,278		408,037
Fidelity National Information Services, Inc.	19,944		884,915
Franklin Resources, Inc.	19,056		2,429,640
Goldman Sachs Group, Inc.	47,622		10,321,592
IntercontinentalExchange, Inc. *	8,200		1,245,580
Janus Capital Group, Inc.	18,529		524,000
JP Morgan Chase & Company	397,255		18,202,224
Legg Mason, Inc.	15,586		1,313,744

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Lehman Brothers Holdings, Inc.	62,312	$	3,846,520
Leucadia National Corp.	19,328		931,996
Merrill Lynch & Company, Inc.	101,184		7,212,396
Morgan Stanley	123,564		7,784,532
PNC Financial Services Group, Inc.	40,149		2,734,147
SLM Corp.	48,440		2,406,015
State Street Corp.	45,728		3,116,820
Synovus Financial Corp.	38,437		1,078,158
T. Rowe Price Group, Inc.	31,129		1,733,574
Washington Mutual, Inc.	102,806		3,630,080
Wells Fargo & Company	392,390		13,976,932
Western Union Company	90,707		1,902,126
			156,218,318
Food & Beverages - 3.24%
Campbell Soup Company	26,381		976,097
Coca-Cola Enterprises, Inc.	33,464		810,498
ConAgra Foods, Inc.	57,501		1,502,501
Constellation Brands, Inc., Class A *	22,777		551,431
Dean Foods Company *	15,205		388,944
General Mills, Inc.	38,763		2,248,642
H.J. Heinz Company	37,466		1,730,929
Hershey Company	19,846		921,053
Kellogg Company	31,147		1,744,232
Kraft Foods, Inc., Class A	185,099		6,387,766
McCormick & Company, Inc.	15,225		547,643
Pepsi Bottling Group, Inc.	16,449		611,409
PepsiCo, Inc.	189,687		13,896,470
Sara Lee Corp.	85,056		1,419,585
Sysco Corp.	71,608		2,548,529
The Coca-Cola Company	233,579		13,423,785
Tyson Foods, Inc., Class A	32,293		576,430
William Wrigley Jr. Company	25,503		1,638,058
			51,924,002
Forest Products - 0.11%
Weyerhaeuser Company	25,341		1,832,154
Furniture & Fixtures - 0.02%
Leggett & Platt, Inc.	20,509		392,952
Gas & Pipeline Utilities - 0.47%
El Paso Corp.	82,243		1,395,664
Nicor, Inc.	5,296		227,198
NiSource, Inc.	32,185		616,021
Questar Corp.	20,266		1,064,573
Spectra Energy Corp.	74,209		1,816,636
Williams Companies, Inc.	70,465		2,400,038
			7,520,130
Healthcare Products - 3.10%
Bausch & Lomb, Inc.	6,505		416,320
Baxter International, Inc.	75,689		4,259,777
Becton, Dickinson & Company	28,573		2,344,415
Boston Scientific Corp. *	156,617		2,184,807

The accompanying notes are an integral part of the financial statements. 

3

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
C.R. Bard, Inc.	12,134	$	1,070,097
Covidien, Ltd. *	58,366		2,422,189
Johnson & Johnson	339,803		22,325,057
Medtronic, Inc.	133,141		7,510,484
Patterson Companies, Inc. *	16,429		634,324
St. Jude Medical, Inc. *	40,021		1,763,725
Stryker Corp.	27,854		1,915,241
Varian Medical Systems, Inc. *	14,841		621,690
Zimmer Holdings, Inc. *	27,727		2,245,610
			49,713,736
Healthcare Services - 1.73%
Cardinal Health, Inc.	42,794		2,675,909
Coventry Health Care, Inc. *	18,348		1,141,429
Express Scripts, Inc. *	30,271		1,689,727
Humana, Inc. *	19,789		1,382,855
IMS Health, Inc.	22,889		701,319
Laboratory Corp. of America Holdings *	13,771		1,077,306
McKesson Corp.	34,749		2,042,894
Medco Health Solutions, Inc. *	31,788		2,873,317
Quest Diagnostics, Inc.	18,351		1,060,137
UnitedHealth Group, Inc.	155,535		7,532,560
WellPoint, Inc. *	70,887		5,594,402
			27,771,855
Holdings Companies/Conglomerates - 3.38%
General Electric Company	1,202,858		49,798,322
Loews Corp.	52,192		2,523,483
Textron, Inc.	29,315		1,823,686
			54,145,491
Homebuilders - 0.11%
Centex Corp.	14,084		374,212
D.R. Horton, Inc.	32,080		410,945
KB Home (a)	9,037		226,467
Lennar Corp., Class A (a)	16,369		370,758
Pulte Homes, Inc.	24,935		339,365
			1,721,747
Hotels & Restaurants - 1.18%
Darden Restaurants, Inc.	16,633		696,258
Hilton Hotels Corp.	45,831		2,130,683
Marriott International, Inc., Class A	37,514		1,630,734
McDonald's Corp.	139,909		7,620,843
Starbucks Corp. *	87,496		2,292,395
Starwood Hotels & Resorts Worldwide, Inc.	24,633		1,496,455
Wendy's International, Inc.	10,253		357,932
Wyndham Worldwide Corp.	20,966		686,846
Yum! Brands, Inc.	61,042		2,065,051
			18,977,197
Household Appliances - 0.09%
Black & Decker Corp.	7,713		642,493
Whirlpool Corp.	9,157		815,889
			1,458,382

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Products - 0.21%
Fortune Brands, Inc.	17,982	$	1,465,353
Newell Rubbermaid, Inc.	32,436		934,805
The Clorox Company	16,244		990,722
			3,390,880
Industrial Machinery - 1.23%
Caterpillar, Inc.	75,034		5,884,917
Cummins, Inc.	12,215		1,562,176
Deere & Company	26,048		3,866,044
Dover Corp.	24,016		1,223,615
Ingersoll-Rand Company, Ltd., Class A	33,652		1,833,024
ITT Corp.	21,258		1,444,056
Pall Corp.	14,392		559,849
Parker-Hannifin Corp.	13,638		1,525,138
Terex Corp. *	11,963		1,064,946
W.W. Grainger, Inc.	8,421		767,911
			19,731,676
Insurance - 4.63%
ACE, Ltd.	38,624		2,339,456
Aetna, Inc.	60,036		3,258,154
AFLAC, Inc.	57,346		3,271,016
Allstate Corp.	68,676		3,927,580
Ambac Financial Group, Inc.	11,943		751,334
American International Group, Inc.	301,048		20,365,897
Aon Corp.	34,371		1,540,165
Assurant, Inc.	11,328		606,048
Chubb Corp.	46,173		2,476,720
CIGNA Corp.	33,207		1,769,601
Cincinnati Financial Corp.	20,192		874,516
Genworth Financial, Inc., Class A	51,969		1,597,007
Hartford Financial Services Group, Inc.	37,294		3,451,560
Lincoln National Corp.	31,777		2,096,329
Marsh & McLennan Companies, Inc.	63,628		1,622,514
MBIA, Inc.	14,856		906,959
MetLife, Inc.	87,210		6,081,153
MGIC Investment Corp. (a)	9,621		310,855
Principal Financial Group, Inc.	31,182		1,967,272
Progressive Corp.	85,006		1,649,966
Prudential Financial, Inc.	53,885		5,258,098
SAFECO Corp.	12,221		748,170
The Travelers Companies, Inc.	77,072		3,879,804
Torchmark Corp.	11,234		700,103
UnumProvident Corp.	42,356		1,036,451
XL Capital, Ltd., Class A	21,336		1,689,811
			74,176,539
International Oil - 7.00%
Anadarko Petroleum Corp.	54,460		2,927,225
Chevron Corp.	250,254		23,418,769
ConocoPhillips	191,025		16,766,264
Exxon Mobil Corp.	651,108		60,266,557
Hess Corp.	32,478		2,160,761
Murphy Oil Corp.	22,129		1,546,596

The accompanying notes are an integral part of the financial statements. 

4

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
International Oil (continued)
Nabors Industries, Ltd. *	33,010	$	1,015,718
Noble Corp.	31,520		1,546,056
Weatherford International, Ltd. *	39,562		2,657,775
			112,305,721
Internet Content - 1.22%
Google, Inc., Class A *	27,116		15,382,093
Yahoo!, Inc. *	158,153		4,244,827
			19,626,920
Internet Retail - 0.58%
Amazon.com, Inc. *	35,878		3,342,036
eBay, Inc. *	133,937		5,226,222
IAC/InterActiveCorp. *	22,429		665,468
			9,233,726
Internet Software - 0.22%
Akamai Technologies, Inc. *	19,441		558,540
Symantec Corp. *	105,588		2,046,296
VeriSign, Inc. *	28,626		965,841
			3,570,677
Leisure Time - 1.01%
Brunswick Corp.	10,437		238,590
Carnival Corp. (a)	51,225		2,480,826
Electronic Arts, Inc. *	36,515		2,044,475
Harrah's Entertainment, Inc.	21,981		1,910,808
International Game Technology	39,398		1,698,054
Walt Disney Company	227,856		7,835,968
			16,208,721
Life Sciences - 0.07%
PerkinElmer, Inc.	14,240		415,950
Waters Corp. *	11,717		784,102
			1,200,052
Liquor - 0.37%
Anheuser-Busch Companies, Inc.	87,996		4,398,920
Brown Forman Corp., Class B	10,152		760,486
Molson Coors Brewing Company, Class B	8,001		797,460
			5,956,866
Manufacturing - 1.63%
3M Company	84,033		7,863,808
Danaher Corp.	28,943		2,393,875
Eaton Corp.	17,105		1,694,079
Harley-Davidson, Inc.	29,490		1,362,733
Honeywell International, Inc.	87,859		5,224,975
Illinois Tool Works, Inc.	49,253		2,937,449
Rockwell Automation, Inc.	17,910		1,244,924
Snap-on, Inc.	6,800		336,872
Stanley Works	9,637		540,925
Tyco International, Ltd.	58,362		2,587,771
			26,187,411
Medical-Hospitals - 0.05%
Manor Care, Inc.	8,593		553,389

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Medical-Hospitals (continued)
Tenet Healthcare Corp. *	55,630	$	186,917
			740,306
Metal & Metal Products - 0.15%
Precision Castparts Corp.	16,184		2,394,908
Mining - 0.44%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	44,813		4,700,436
Newmont Mining Corp.	53,009		2,371,092
			7,071,528
Office Furnishings & Supplies - 0.10%
Avery Dennison Corp.	12,500		712,750
Office Depot, Inc. *	32,022		660,294
OfficeMax, Inc.	8,843		303,049
			1,676,093
Paper - 0.25%
International Paper Company	50,437		1,809,175
MeadWestvaco Corp.	21,533		635,870
Plum Creek Timber Company, Inc.	20,494		917,311
Temple-Inland, Inc.	12,441		654,770
			4,017,126
Petroleum Services - 2.16%
Baker Hughes, Inc.	37,515		3,390,231
BJ Services Company	34,235		908,939
ENSCO International, Inc.	17,375		974,737
Halliburton Company	104,502		4,012,877
Schlumberger, Ltd.	139,943		14,694,015
Smith International, Inc.	23,541		1,680,827
Tesoro Corp.	16,100		740,922
Transocean, Inc. *	33,960		3,839,178
Valero Energy Corp.	65,016		4,367,775
			34,609,501
Pharmaceuticals - 4.81%
Abbott Laboratories	181,430		9,728,277
Allergan, Inc.	36,101		2,327,432
AmerisourceBergen Corp.	21,152		958,820
Barr Pharmaceuticals, Inc. *	12,586		716,269
Bristol-Myers Squibb Company	232,198		6,691,946
Celgene Corp. *	44,931		3,204,030
Eli Lilly & Company	115,849		6,595,284
Forest Laboratories, Inc. *	37,115		1,384,018
Gilead Sciences, Inc. *	108,751		4,444,653
Hospira, Inc. *	18,443		764,462
King Pharmaceuticals, Inc. *	28,664		335,942
Merck & Company, Inc.	255,496		13,206,588
Mylan Laboratories, Inc.	29,208		466,160
Pfizer, Inc.	813,213		19,866,794
Schering-Plough Corp.	190,110		6,013,179
Watson Pharmaceuticals, Inc. *	12,033		389,869
			77,093,723

The accompanying notes are an integral part of the financial statements. 

5

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Photography - 0.06%
Eastman Kodak Company (a)	33,693	$	901,625
Publishing - 0.28%
Dow Jones & Company, Inc.	7,660		457,302
Gannett Company, Inc.	27,341		1,194,802
McGraw-Hill Companies, Inc.	39,785		2,025,454
Meredith Corp.	4,517		258,824
The New York Times Company, Class A (a)	16,896		333,865
Tribune Company	9,037		246,891
			4,517,138
Railroads & Equipment - 0.69%
Burlington Northern Santa Fe Corp.	35,266		2,862,541
CSX Corp.	51,538		2,202,219
Norfolk Southern Corp.	46,207		2,398,605
Union Pacific Corp.	31,275		3,535,952
			10,999,317
Real Estate - 1.16%
Apartment Investment & Management
Company, Class A, REIT	11,357		512,541
Archstone-Smith Trust, REIT	26,254		1,578,916
Avalon Bay Communities, Inc., REIT	9,361		1,105,160
Boston Properties, Inc., REIT	13,974		1,451,899
Developers Diversified Realty Corp., REIT	14,580		814,585
Equity Residential, REIT	32,534		1,378,140
General Growth Properties, Inc., REIT	28,830		1,545,865
Host Hotels & Resorts, Inc., REIT	61,312		1,375,841
Kimco Realty Corp., REIT	29,610		1,338,668
ProLogis, REIT	30,167		2,001,580
Public Storage, Inc., REIT	14,613		1,149,312
Simon Property Group, Inc., REIT	26,226		2,622,600
Vornado Realty Trust, REIT	15,704		1,717,232
			18,592,339
Retail Grocery - 0.36%
Safeway, Inc.	51,548		1,706,754
SUPERVALU, Inc.	24,665		962,182
The Kroger Company	83,057		2,368,786
Whole Foods Market, Inc. (a)	16,316		798,831
			5,836,553
Retail Trade - 4.04%
Abercrombie & Fitch Company, Class A	10,175		821,122
Bed Bath & Beyond, Inc. *	31,855		1,086,893
Best Buy Company, Inc.	46,732		2,150,607
Big Lots, Inc. *	11,948		356,528
Circuit City Stores, Inc.	19,784		156,491
Costco Wholesale Corp.	51,412		3,155,154
CVS Caremark Corp.	173,852		6,889,755
Dillard's, Inc., Class A	7,143		155,932
Family Dollar Stores, Inc.	17,091		453,937
Gap, Inc.	58,099		1,071,346
Home Depot, Inc.	198,231		6,430,614
J.C. Penney Company, Inc.	26,020		1,648,887

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Kohl's Corp. *	37,307	$	2,138,810
Limited Brands, Inc.	37,430		856,773
Lowe's Companies, Inc.	173,581		4,863,740
Macy's, Inc.	50,894		1,644,894
Nordstrom, Inc.	23,223		1,088,926
RadioShack Corp.	16,175		334,175
Sears Holdings Corp. *	8,888		1,130,554
Staples, Inc.	83,813		1,801,141
Target Corp.	99,387		6,318,032
The TJX Companies, Inc.	52,197		1,517,367
Tiffany & Company (a)	16,051		840,270
Walgreen Company	116,650		5,510,546
Wal-Mart Stores, Inc.	281,780		12,299,697
			64,722,191
Sanitary Services - 0.23%
Allied Waste Industries, Inc. *	33,853		431,626
Ecolab, Inc.	20,446		965,051
Waste Management, Inc.	60,941		2,299,913
			3,696,590
Semiconductors - 2.72%
Advanced Micro Devices, Inc. *	64,568		852,298
Altera Corp.	41,802		1,006,592
Analog Devices, Inc.	36,532		1,320,997
Applied Materials, Inc.	161,784		3,348,929
Broadcom Corp., Class A *	55,071		2,006,787
Intel Corp.	685,591		17,729,383
KLA-Tencor Corp.	22,675		1,264,811
Linear Technology Corp. (a)	26,062		911,909
LSI Logic Corp. *	84,063		623,747
MEMC Electronic Materials, Inc. *	26,424		1,555,317
Microchip Technology, Inc.	25,527		927,141
Micron Technology, Inc. *	88,853		986,268
National Semiconductor Corp.	28,222		765,381
Novellus Systems, Inc. *	14,536		396,251
NVIDIA Corp. *	64,428		2,334,871
QLogic Corp. *	17,250		232,013
Teradyne, Inc. *	22,267		307,285
Texas Instruments, Inc.	167,769		6,138,668
Xilinx, Inc.	34,738		908,051
			43,616,699
Software - 2.92%
Adobe Systems, Inc. *	69,080		3,016,033
Autodesk, Inc. *	27,001		1,349,240
BMC Software, Inc. *	23,620		737,653
CA, Inc.	45,625		1,173,475
Citrix Systems, Inc. *	21,102		850,833
Compuware Corp. *	35,575		285,311
Intuit, Inc. *	39,785		1,205,485
Microsoft Corp.	946,553		27,885,451
Novell, Inc. *	41,081		313,859

The accompanying notes are an integral part of the financial statements. 

6

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Software (continued)
Oracle Corp. *		462,191	$	10,006,435
				46,823,775
Steel - 0.30%
Allegheny Technologies, Inc.		12,000		1,319,400
Nucor Corp.		33,798		2,009,967
United States Steel Corp.		13,878		1,470,235
				4,799,602
Telecommunications Equipment &
Services - 1.97%
Avaya, Inc. *		53,642		909,768
Ciena Corp. *		10,092		384,303
Citizens Communications Company		39,944		571,998
Corning, Inc.		184,664		4,551,968
Embarq Corp.		17,912		995,907
JDS Uniphase Corp. *		24,847		371,711
QUALCOMM, Inc.		196,548		8,306,119
Tellabs, Inc. *		51,454		489,842
Verizon Communications, Inc.		340,746		15,088,233
				31,669,849
Telephone - 2.48%
AT&T, Inc.		715,993		30,293,664
CenturyTel, Inc.		13,139		607,285
Qwest Communications International, Inc. *		187,561		1,718,059
Sprint Nextel Corp.		334,181		6,349,439
Windstream Corp.		56,044		791,341
				39,759,788
Tires & Rubber - 0.05%
Goodyear Tire & Rubber Company *		24,771		753,286
Tobacco - 1.21%
Altria Group, Inc.		247,143		17,183,853
Reynolds American, Inc. (a)		20,086		1,277,269
UST, Inc.		18,710		928,016
				19,389,138
Toys, Amusements & Sporting Goods - 0.10%
Hasbro, Inc.		18,781		523,614
Mattel, Inc.		46,324		1,086,761
				1,610,375
Transportation - 0.07%
C.H. Robinson Worldwide, Inc.		20,263		1,100,078
Trucking & Freight - 0.84%
FedEx Corp.		36,248		3,796,978
Ryder Systems, Inc.		7,023		344,127
United Parcel Service, Inc., Class B		123,241		9,255,399
				13,396,504
TOTAL COMMON STOCKS (Cost $1,217,327,748)			$	1,581,303,319
SHORT TERM INVESTMENTS - 2.83%
Dresdner U.S. Finance, Inc.
5.16% due 10/01/2007	$	22,916,000	$	22,909,431

500 Index Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Federal Home Loan Mortgage Corp. Discount Notes
5.14% due 10/15/2007	$	1,500,000	$	1,496,573
John Hancock Cash Investment Trust		18,985,802		18,985,802
U.S. Treasury Bills
zero due 12/13/2007		2,000,000		1,984,375
TOTAL SHORT TERM INVESTMENTS
(Cost $45,376,181)			$	45,376,181
Total Investments (500 Index Trust)
(Cost $1,262,703,929) - 101.44%			$	1,626,679,500
Liabilities in Excess of Other Assets - (1.44)%				(23,128,646)
TOTAL NET ASSETS - 100.00%			$	1,603,550,854
500 Index Trust B
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.23%
Advertising - 0.18%
Interpublic Group of Companies, Inc. *		44,760	$	464,609
Monster Worldwide, Inc. *		12,566		427,998
Omnicom Group, Inc.		31,168		1,498,869
				2,391,476
Aerospace - 2.26%
Boeing Company		74,404		7,811,676
General Dynamics Corp.		38,517		3,253,531
Goodrich Corp.		11,890		811,255
Lockheed Martin Corp.		32,964		3,576,264
Northrop Grumman Corp.		32,629		2,545,062
Raytheon Company		41,520		2,649,806
Rockwell Collins, Inc.		15,823		1,155,712
United Technologies Corp.		94,158		7,577,836
				29,381,142
Agriculture - 0.50%
Archer-Daniels-Midland Company		61,101		2,021,221
Monsanto Company		51,785		4,440,046
				6,461,267
Air Travel - 0.08%
Southwest Airlines Company		70,949		1,050,045
Aluminum - 0.25%
Alcoa, Inc.		83,928		3,283,263
Apparel & Textiles - 0.46%
Cintas Corp.		12,807		475,140
Coach, Inc. *		35,421		1,674,351
Jones Apparel Group, Inc.		8,871		187,444
Liz Claiborne, Inc.		9,709		333,310
NIKE, Inc., Class B		36,705		2,153,115
Polo Ralph Lauren Corp., Class A		5,687		442,164
VF Corp.		8,437		681,288
				5,946,812

The accompanying notes are an integral part of the financial statements. 

7

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Auto Parts - 0.27%
AutoZone, Inc. *	4,344	$	504,512
Genuine Parts Company	16,133		806,650
Johnson Controls, Inc.	18,798		2,220,232
			3,531,394
Auto Services - 0.02%
AutoNation, Inc. *	14,388		254,955
Automobiles - 0.44%
Ford Motor Company *	199,331		1,692,320
General Motors Corp.	53,722		1,971,597
PACCAR, Inc.	23,602		2,012,071
			5,675,988
Banking - 4.15%
Banco Bilbao Vizcaya Argentaria, S.A., ADR *	700		16,287
Bank of America Corp.	421,273		21,177,394
BB&T Corp.	52,401		2,116,476
Comerica, Inc.	14,526		744,893
Commerce Bancorp, Inc.	18,251		707,774
Fifth Third Bancorp	50,858		1,723,069
First Horizon National Corp. (a)	11,985		319,520
Hudson City Bancorp, Inc.	50,491		776,552
Huntington BancShares, Inc.	34,740		589,885
KeyCorp	36,965		1,195,078
M&T Bank Corp.	7,121		736,667
Marshall & Ilsley Corp.	25,305		1,107,600
National City Corp.	60,122		1,508,461
Northern Trust Corp.	18,179		1,204,722
Regions Financial Corp.	66,829		1,970,119
Sovereign Bancorp, Inc.	34,117		581,354
SunTrust Banks, Inc.	33,138		2,507,553
US Bancorp	163,904		5,331,797
Wachovia Corp.	180,668		9,060,500
Zions Bancorp	10,213		701,327
			54,077,028
Biotechnology - 0.78%
Amgen, Inc. *	103,173		5,836,497
Applera Corp.	17,410		603,082
Biogen Idec, Inc. *	27,335		1,813,130
Genzyme Corp. *	25,035		1,551,169
Millipore Corp. *	5,122		388,248
			10,192,126
Broadcasting - 0.66%
CBS Corp., Class B	65,026		2,048,319
Clear Channel Communications, Inc.	47,273		1,769,901
News Corp., Class A	219,782		4,833,006
			8,651,226
Building Materials & Construction - 0.11%
American Standard Companies, Inc.	17,229		613,697
Masco Corp.	34,855		807,590
			1,421,287

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 1.06%
Affiliated Computer Services, Inc., Class A *	9,452	$	474,868
Automatic Data Processing, Inc.	50,418		2,315,699
Computer Sciences Corp. *	16,519		923,412
Convergys Corp. *	12,872		223,458
Electronic Data Systems Corp.	48,317		1,055,243
Equifax, Inc.	13,548		516,450
Fiserv, Inc. *	15,843		805,775
Fluor Corp.	8,384		1,207,128
H & R Block, Inc.	30,820		652,768
Moody's Corp.	21,031		1,059,962
NCR Corp. *	17,136		853,373
Paychex, Inc.	32,294		1,324,054
Pitney Bowes, Inc.	20,875		948,143
R.R. Donnelley & Sons Company	21,086		770,904
Robert Half International, Inc.	15,564		464,741
Unisys Corp. *	33,223		219,936
			13,815,914
Cable & Television - 1.40%
Comcast Corp., Class A *	293,416		7,094,799
DIRECTV Group, Inc. *	72,113		1,750,904
E.W. Scripps Company, Class A	8,521		357,882
Time Warner, Inc.	354,052		6,500,395
Viacom, Inc., Class B *	65,186		2,540,298
			18,244,278
Cellular Communications - 0.49%
ALLTEL Corp.	33,267		2,318,044
Motorola, Inc.	219,743		4,071,838
			6,389,882
Chemicals - 1.26%
Air Products & Chemicals, Inc.	20,513		2,005,351
Ashland, Inc.	5,307		319,535
Dow Chemical Company	90,197		3,883,883
E.I. Du Pont de Nemours & Company	87,393		4,331,197
Eastman Chemical Company	7,979		532,439
Hercules, Inc.	11,013		231,493
PPG Industries, Inc.	15,575		1,176,691
Praxair, Inc.	30,366		2,543,456
Rohm & Haas Company	13,040		725,937
Sigma-Aldrich Corp.	12,465		607,544
			16,357,526
Coal - 0.15%
CONSOL Energy, Inc.	17,309		806,600
Peabody Energy Corp.	25,207		1,206,659
			2,013,259
Commercial Services - 0.04%
CB Richard Ellis Group, Inc. *	18,720		521,165
Computers & Business Equipment - 6.00%
Apple, Inc. *	82,562		12,676,569
Cisco Systems, Inc. *	578,255		19,146,023

The accompanying notes are an integral part of the financial statements. 

8

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
Cognizant Technology Solutions Corp.,
Class A *	13,728	$	1,095,083
Dell, Inc. *	215,662		5,952,271
EMC Corp. *	199,112		4,141,530
Hewlett-Packard Company	244,756		12,186,401
International Business Machines Corp.	129,154		15,214,341
Juniper Networks, Inc. *	48,808		1,786,861
Lexmark International, Inc. *	8,972		372,607
Network Appliance, Inc. *	33,781		909,047
SanDisk Corp. *	21,631		1,191,868
Sun Microsystems, Inc. *	335,844		1,884,085
Xerox Corp. *	88,848		1,540,624
			78,097,310
Construction & Mining Equipment - 0.22%
National Oilwell Varco, Inc. *	16,909		2,443,351
Rowan Companies, Inc.	10,492		383,797
			2,827,148
Construction Materials - 0.11%
Sherwin-Williams Company	10,308		677,339
Vulcan Materials Company	9,071		808,679
			1,486,018
Containers & Glass - 0.12%
Ball Corp.	9,723		522,611
Bemis Company, Inc.	9,922		288,829
Pactiv Corp. *	12,410		355,671
Sealed Air Corp.	15,334		391,937
			1,559,048
Cosmetics & Toiletries - 2.27%
Avon Products, Inc.	41,075		1,541,545
Colgate-Palmolive Company	48,413		3,452,815
Estee Lauder Companies, Inc., Class A	10,882		462,050
International Flavors & Fragrances, Inc.	8,477		448,094
Kimberly-Clark Corp.	40,407		2,838,996
Procter & Gamble Company	296,277		20,840,124
			29,583,624
Crude Petroleum & Natural Gas - 1.63%
Apache Corp.	31,520		2,838,691
Chesapeake Energy Corp.	38,954		1,373,518
Devon Energy Corp.	42,342		3,522,854
EOG Resources, Inc.	23,241		1,681,022
Marathon Oil Corp.	64,662		3,687,027
Occidental Petroleum Corp.	78,869		5,053,926
Sunoco, Inc.	11,427		808,803
XTO Energy, Inc.	36,629		2,265,137
			21,230,978
Drugs & Health Care - 0.44%
Wyeth	127,657		5,687,119
Educational Services - 0.06%
Apollo Group, Inc., Class A *	13,490		811,424

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Equipment - 0.42%
Cooper Industries, Ltd., Class A	17,439	$	890,959
Emerson Electric Company	75,193		4,001,771
Molex, Inc.	13,633		367,137
Tektronix, Inc.	7,208		199,950
			5,459,817
Electrical Utilities - 2.66%
Allegheny Energy, Inc. *	15,767		823,983
Ameren Corp.	19,709		1,034,723
American Electric Power Company, Inc.	37,900		1,746,432
CenterPoint Energy, Inc. (a)	30,492		488,787
CMS Energy Corp.	21,321		358,619
Consolidated Edison, Inc. (a)	25,726		1,191,114
Constellation Energy Group	17,136		1,470,097
Dominion Resources, Inc. (a)	27,629		2,329,125
DTE Energy Company	16,201		784,776
Dynegy, Inc., Class A *	47,049		434,733
Edison International	30,932		1,715,179
Entergy Corp.	18,578		2,011,812
Exelon Corp.	64,004		4,823,341
FirstEnergy Corp.	28,940		1,833,060
FPL Group, Inc.	38,624		2,351,429
Integrys Energy Group, Inc.	7,215		369,624
PG&E Corp.	33,547		1,603,547
Pinnacle West Capital Corp.	9,523		376,254
PPL Corp.	36,371		1,683,977
Public Service Enterprise Group, Inc.	24,141		2,124,167
TECO Energy, Inc.	19,988		328,403
The AES Corp. *	63,477		1,272,079
The Southern Company	71,814		2,605,412
Xcel Energy, Inc.	39,862		858,627
			34,619,300
Electronics - 0.61%
Agilent Technologies, Inc. *	36,698		1,353,422
Harman International Industries, Inc.	6,194		535,905
Jabil Circuit, Inc.	19,705		450,062
L-3 Communications Holdings, Inc.	11,966		1,222,207
Solectron Corp. *	86,766		338,388
Thermo Fisher Scientific, Inc. *	40,499		2,337,602
Tyco Electronics, Ltd.	47,202		1,672,367
			7,909,953
Energy - 0.60%
Duke Energy Corp.	119,643		2,236,128
Progress Energy, Inc.	24,580		1,151,573
Sempra Energy	25,066		1,456,836
TXU Corp.	43,781		2,997,685
			7,842,222
Financial Services - 9.70%
American Capital Strategies, Ltd. (a)	17,842		762,389
American Express Company	112,300		6,667,251
Ameriprise Financial, Inc.	22,337		1,409,688
Bank of New York Mellon Corp.	108,025		4,768,224

The accompanying notes are an integral part of the financial statements. 

9

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Bear Stearns Companies, Inc.	11,025	$	1,353,980
Capital One Financial Corp.	39,654		2,634,215
Charles Schwab Corp.	89,979		1,943,546
CIT Group, Inc.	18,114		728,183
Citigroup, Inc.	472,273		22,040,981
CME Group, Inc. (a)	5,043		2,962,006
Countrywide Financial Corp.	54,686		1,039,581
Discover Financial Services *	45,308		942,406
E*TRADE Financial Corp. *	40,373		527,271
Federal Home Loan Mortgage Corp.	61,723		3,642,274
Federal National Mortgage Association	92,417		5,619,878
Federated Investors, Inc., Class B	8,311		329,947
Fidelity National Information Services, Inc.	16,129		715,644
Franklin Resources, Inc.	15,411		1,964,903
Goldman Sachs Group, Inc.	38,512		8,347,091
IntercontinentalExchange, Inc. *	6,600		1,002,540
Janus Capital Group, Inc.	14,985		423,776
JP Morgan Chase & Company	321,260		14,720,133
Legg Mason, Inc.	12,605		1,062,475
Lehman Brothers Holdings, Inc.	50,392		3,110,698
Leucadia National Corp.	15,631		753,727
Merrill Lynch & Company, Inc.	81,828		5,832,700
Morgan Stanley	99,926		6,295,338
PNC Financial Services Group, Inc.	32,469		2,211,139
SLM Corp.	39,173		1,945,723
State Street Corp.	36,980		2,520,557
Synovus Financial Corp.	31,084		871,906
T. Rowe Price Group, Inc.	25,174		1,401,940
Washington Mutual, Inc.	83,139		2,935,638
Wells Fargo & Company	317,326		11,303,152
Western Union Company	73,354		1,538,233
			126,329,133
Food & Beverages - 3.23%
Campbell Soup Company	21,334		789,358
Coca-Cola Enterprises, Inc.	27,062		655,442
ConAgra Foods, Inc.	46,501		1,215,071
Constellation Brands, Inc., Class A *	18,420		445,948
Dean Foods Company *	12,297		314,557
General Mills, Inc.	31,347		1,818,439
H.J. Heinz Company	30,299		1,399,814
Hershey Company	16,050		744,880
Kellogg Company	25,189		1,410,584
Kraft Foods, Inc., Class A	149,689		5,165,767
McCormick & Company, Inc.	12,313		442,899
Pepsi Bottling Group, Inc.	13,303		494,472
PepsiCo, Inc.	153,399		11,238,011
Sara Lee Corp.	68,785		1,148,022
Sysco Corp.	57,909		2,060,981
The Coca-Cola Company	188,895		10,855,796
Tyson Foods, Inc., Class A	26,115		466,153

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages (continued)
William Wrigley Jr. Company	20,625	$	1,324,744
			41,990,938
Forest Products - 0.11%
Weyerhaeuser Company	20,493		1,481,644
Furniture & Fixtures - 0.02%
Leggett & Platt, Inc.	16,586		317,788
Gas & Pipeline Utilities - 0.47%
El Paso Corp.	66,510		1,128,675
Nicor, Inc. (a)	4,283		183,741
NiSource, Inc.	26,028		498,176
Questar Corp.	16,389		860,914
Spectra Energy Corp.	60,013		1,469,118
Williams Companies, Inc.	56,985		1,940,909
			6,081,533
Healthcare Products - 3.09%
Bausch & Lomb, Inc.	5,261		336,704
Baxter International, Inc.	61,209		3,444,843
Becton, Dickinson & Company	23,107		1,895,929
Boston Scientific Corp. *	126,656		1,766,851
C.R. Bard, Inc.	9,813		865,408
Covidien, Ltd. *	47,201		1,958,841
Johnson & Johnson	274,798		18,054,229
Medtronic, Inc.	107,671		6,073,721
Patterson Companies, Inc. *	13,286		512,972
St. Jude Medical, Inc. *	32,365		1,426,326
Stryker Corp.	22,525		1,548,819
Varian Medical Systems, Inc. *	12,002		502,764
Zimmer Holdings, Inc. *	22,422		1,815,958
			40,203,365
Healthcare Services - 1.73%
Cardinal Health, Inc.	34,608		2,164,038
Coventry Health Care, Inc. *	14,838		923,072
Express Scripts, Inc. *	24,480		1,366,474
Humana, Inc. *	16,003		1,118,290
IMS Health, Inc.	18,510		567,146
Laboratory Corp. of America Holdings *	11,136		871,169
McKesson Corp.	28,102		1,652,117
Medco Health Solutions, Inc. *	25,707		2,323,656
Quest Diagnostics, Inc.	14,841		857,364
UnitedHealth Group, Inc.	125,781		6,091,574
WellPoint, Inc. *	57,326		4,524,168
			22,459,068
Holdings Companies/Conglomerates - 3.36%
General Electric Company	972,750		40,271,850
Loews Corp.	42,207		2,040,708
Textron, Inc.	23,707		1,474,813
			43,787,371
Homebuilders - 0.11%
Centex Corp.	11,390		302,632
D.R. Horton, Inc.	25,943		332,330

The accompanying notes are an integral part of the financial statements. 

10

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Homebuilders (continued)
KB Home (a)	7,309	$	183,163
Lennar Corp., Class A (a)	13,238		299,841
Pulte Homes, Inc.	20,165		274,446
			1,392,412
Hotels & Restaurants - 1.18%
Darden Restaurants, Inc.	13,451		563,059
Hilton Hotels Corp.	37,063		1,723,059
Marriott International, Inc., Class A	30,338		1,318,793
McDonald's Corp.	113,144		6,162,953
Starbucks Corp. *	70,758		1,853,859
Starwood Hotels & Resorts Worldwide, Inc.	19,921		1,210,201
Wendy's International, Inc.	8,291		289,439
Wyndham Worldwide Corp.	16,955		555,446
Yum! Brands, Inc.	49,364		1,669,984
			15,346,793
Household Appliances - 0.09%
Black & Decker Corp.	6,237		519,542
Whirlpool Corp.	7,405		659,786
			1,179,328
Household Products - 0.21%
Fortune Brands, Inc.	14,542		1,185,028
Newell Rubbermaid, Inc.	26,231		755,977
The Clorox Company	13,137		801,226
			2,742,231
Industrial Machinery - 1.23%
Caterpillar, Inc.	60,680		4,759,132
Cummins, Inc.	9,878		1,263,297
Deere & Company	21,065		3,126,467
Dover Corp.	19,422		989,551
Ingersoll-Rand Company, Ltd., Class A	27,215		1,482,401
ITT Corp.	17,192		1,167,853
Pall Corp.	11,639		452,757
Parker-Hannifin Corp.	11,029		1,233,373
Terex Corp. *	9,674		861,180
W.W. Grainger, Inc.	6,810		621,004
			15,957,015
Insurance - 4.61%
ACE, Ltd.	31,235		1,891,904
Aetna, Inc.	48,551		2,634,863
AFLAC, Inc.	46,376		2,645,287
Allstate Corp.	55,538		3,176,218
Ambac Financial Group, Inc.	9,658		607,585
American International Group, Inc.	243,457		16,469,866
Aon Corp.	27,796		1,245,539
Assurant, Inc.	9,161		490,113
Chubb Corp.	37,340		2,002,918
CIGNA Corp.	26,854		1,431,050
Cincinnati Financial Corp.	16,329		707,209
Genworth Financial, Inc., Class A	42,027		1,291,490
Hartford Financial Services Group, Inc.	30,160		2,791,308

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Lincoln National Corp.	25,698	$	1,695,297
Marsh & McLennan Companies, Inc.	51,456		1,312,128
MBIA, Inc.	12,014		733,455
MetLife, Inc.	70,527		4,917,848
MGIC Investment Corp. (a)	7,781		251,404
Principal Financial Group, Inc.	25,217		1,590,940
Progressive Corp.	68,744		1,334,321
Prudential Financial, Inc.	43,576		4,252,146
SAFECO Corp.	9,883		605,037
The Travelers Companies, Inc.	62,328		3,137,591
Torchmark Corp.	9,085		566,177
UnumProvident Corp.	34,253		838,171
XL Capital, Ltd., Class A	17,254		1,366,517
			59,986,382
International Oil - 6.98%
Anadarko Petroleum Corp.	44,042		2,367,258
Chevron Corp.	202,380		18,938,720
ConocoPhillips	154,481		13,558,797
Exxon Mobil Corp.	526,550		48,737,468
Hess Corp.	26,265		1,747,411
Murphy Oil Corp.	17,896		1,250,751
Nabors Industries, Ltd. *	26,695		821,405
Noble Corp.	25,490		1,250,285
Weatherford International, Ltd. *	31,993		2,149,290
			90,821,385
Internet Content - 1.22%
Google, Inc., Class A *	21,929		12,439,664
Yahoo!, Inc. *	127,898		3,432,782
			15,872,446
Internet Retail - 0.57%
Amazon.com, Inc. *	29,015		2,702,747
eBay, Inc. *	108,314		4,226,413
IAC/InterActiveCorp. *	18,139		538,184
			7,467,344
Internet Software - 0.22%
Akamai Technologies, Inc. *	15,722		451,693
Symantec Corp. *	85,389		1,654,839
VeriSign, Inc. *	23,149		781,047
			2,887,579
Leisure Time - 1.01%
Brunswick Corp.	8,441		192,961
Carnival Corp. (a)	41,426		2,006,261
Electronic Arts, Inc. *	29,529		1,653,329
Harrah's Entertainment, Inc.	17,776		1,545,268
International Game Technology	31,861		1,373,209
Walt Disney Company	184,267		6,336,942
			13,107,970
Life Sciences - 0.07%
PerkinElmer, Inc.	11,516		336,382

The accompanying notes are an integral part of the financial statements. 

11

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Life Sciences (continued)
Waters Corp. *	9,476	$	634,134
			970,516
Liquor - 0.37%
Anheuser-Busch Companies, Inc.	71,162		3,557,388
Brown Forman Corp., Class B	8,210		615,011
Molson Coors Brewing Company, Class B	6,471		644,965
			4,817,364
Manufacturing - 1.63%
3M Company	67,958		6,359,510
Danaher Corp.	23,406		1,935,910
Eaton Corp.	13,832		1,369,921
Harley-Davidson, Inc.	23,848		1,102,016
Honeywell International, Inc.	71,051		4,225,403
Illinois Tool Works, Inc.	39,831		2,375,521
Rockwell Automation, Inc.	14,484		1,006,783
Snap-on, Inc.	5,499		272,420
Stanley Works	7,793		437,421
Tyco International, Ltd.	47,197		2,092,715
			21,177,620
Medical-Hospitals - 0.05%
Manor Care, Inc.	6,949		447,515
Tenet Healthcare Corp. *	44,988		151,160
			598,675
Metal & Metal Products - 0.15%
Precision Castparts Corp.	13,088		1,936,762
Mining - 0.44%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	36,241		3,801,318
Newmont Mining Corp.	42,868		1,917,486
			5,718,804
Office Furnishings & Supplies - 0.10%
Avery Dennison Corp.	10,109		576,415
Office Depot, Inc. *	25,896		533,975
OfficeMax, Inc.	7,151		245,065
			1,355,455
Paper - 0.25%
International Paper Company	40,788		1,463,066
MeadWestvaco Corp.	17,414		514,235
Plum Creek Timber Company, Inc.	16,574		741,852
Temple-Inland, Inc.	10,061		529,511
			3,248,664
Petroleum Services - 2.15%
Baker Hughes, Inc.	30,338		2,741,645
BJ Services Company	27,686		735,064
ENSCO International, Inc.	14,051		788,261
Halliburton Company	84,510		3,245,184
Schlumberger, Ltd.	113,172		11,883,060
Smith International, Inc.	19,037		1,359,242
Tesoro Corp.	13,000		598,260
Transocean, Inc. *	27,464		3,104,805

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services (continued)
Valero Energy Corp.	52,579	$	3,532,257
			27,987,778
Pharmaceuticals - 4.79%
Abbott Laboratories	146,722		7,867,234
Allergan, Inc.	29,195		1,882,202
AmerisourceBergen Corp.	17,105		775,370
Barr Pharmaceuticals, Inc. *	10,178		579,230
Bristol-Myers Squibb Company	187,778		5,411,762
Celgene Corp. *	36,336		2,591,120
Eli Lilly & Company	93,687		5,333,601
Forest Laboratories, Inc. *	30,015		1,119,259
Gilead Sciences, Inc. *	87,946		3,594,353
Hospira, Inc. *	14,915		618,227
King Pharmaceuticals, Inc. *	23,180		271,670
Merck & Company, Inc.	206,619		10,680,136
Mylan Laboratories, Inc.	23,621		376,991
Pfizer, Inc.	657,645		16,066,267
Schering-Plough Corp.	153,742		4,862,859
Watson Pharmaceuticals, Inc. *	9,731		315,284
			62,345,565
Photography - 0.06%
Eastman Kodak Company (a)	27,247		729,130
Publishing - 0.28%
Dow Jones & Company, Inc.	6,194		369,782
Gannett Company, Inc.	22,111		966,251
McGraw-Hill Companies, Inc.	32,174		1,637,978
Meredith Corp.	3,653		209,317
The New York Times Company, Class A (a)	13,664		270,001
Tribune Company	7,308		199,654
			3,652,983
Railroads & Equipment - 0.68%
Burlington Northern Santa Fe Corp.	28,520		2,314,968
CSX Corp.	41,679		1,780,944
Norfolk Southern Corp.	37,368		1,939,773
Union Pacific Corp.	25,292		2,859,514
			8,895,199
Real Estate - 1.15%
Apartment Investment & Management
Company, Class A, REIT	9,184		414,474
Archstone-Smith Trust, REIT	21,232		1,276,892
Avalon Bay Communities, Inc., REIT	7,570		893,714
Boston Properties, Inc., REIT	11,301		1,174,174
Developers Diversified Realty Corp., REIT	11,791		658,763
Equity Residential, REIT	26,311		1,114,534
General Growth Properties, Inc., REIT	23,315		1,250,150
Host Hotels & Resorts, Inc., REIT	49,583		1,112,643
Kimco Realty Corp., REIT	23,946		1,082,599
ProLogis, REIT	24,396		1,618,675
Public Storage, Inc., REIT	11,817		929,407
Simon Property Group, Inc., REIT	21,209		2,120,900

The accompanying notes are an integral part of the financial statements. 

12

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Vornado Realty Trust, REIT	12,700	$	1,388,745
			15,035,670
Retail Grocery - 0.36%
Safeway, Inc.	41,687		1,380,257
SUPERVALU, Inc.	19,946		778,094
The Kroger Company	67,168		1,915,631
Whole Foods Market, Inc. (a)	13,195		646,027
			4,720,009
Retail Trade - 4.02%
Abercrombie & Fitch Company, Class A	8,228		664,000
Bed Bath & Beyond, Inc. *	25,761		878,965
Best Buy Company, Inc.	37,792		1,739,188
Big Lots, Inc. *	9,662		288,314
Circuit City Stores, Inc.	15,999		126,552
Costco Wholesale Corp.	41,577		2,551,581
CVS Caremark Corp.	140,594		5,571,740
Dillard's, Inc., Class A	5,776		126,090
Family Dollar Stores, Inc.	13,822		367,112
Gap, Inc.	46,985		866,403
Home Depot, Inc.	160,310		5,200,456
J.C. Penney Company, Inc.	21,042		1,333,432
Kohl's Corp. *	30,170		1,729,646
Limited Brands, Inc.	30,269		692,857
Lowe's Companies, Inc.	140,375		3,933,308
Macy's, Inc.	41,158		1,330,227
Nordstrom, Inc.	18,780		880,594
RadioShack Corp.	13,080		270,233
Sears Holdings Corp. *	7,187		914,186
Staples, Inc.	67,779		1,456,571
Target Corp.	80,375		5,109,439
The TJX Companies, Inc.	42,211		1,227,074
Tiffany & Company	12,980		679,503
Walgreen Company	94,335		4,456,385
Wal-Mart Stores, Inc.	227,875		9,946,744
			52,340,600
Sanitary Services - 0.23%
Allied Waste Industries, Inc. *	27,377		349,057
Ecolab, Inc.	16,535		780,452
Waste Management, Inc.	49,283		1,859,940
			2,989,449
Semiconductors - 2.71%
Advanced Micro Devices, Inc. *	52,216		689,251
Altera Corp.	33,805		814,024
Analog Devices, Inc.	29,543		1,068,275
Applied Materials, Inc.	130,834		2,708,264
Broadcom Corp., Class A *	44,536		1,622,892
Intel Corp.	554,437		14,337,741
KLA-Tencor Corp.	18,338		1,022,894
Linear Technology Corp. (a)	21,076		737,449
LSI Logic Corp. *	67,981		504,419
MEMC Electronic Materials, Inc. *	21,369		1,257,779

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Microchip Technology, Inc.	20,643	$	749,754
Micron Technology, Inc. *	71,856		797,601
National Semiconductor Corp.	22,823		618,960
Novellus Systems, Inc. *	11,755		320,441
NVIDIA Corp. *	52,103		1,888,213
QLogic Corp. *	13,950		187,627
Teradyne, Inc. *	18,007		248,497
Texas Instruments, Inc.	135,674		4,964,312
Xilinx, Inc.	28,092		734,325
			35,272,718
Software - 2.91%
Adobe Systems, Inc. *	55,865		2,439,066
Autodesk, Inc. *	21,836		1,091,145
BMC Software, Inc. *	19,101		596,524
CA, Inc.	36,897		948,991
Citrix Systems, Inc. *	17,066		688,101
Compuware Corp. *	28,769		230,728
Intuit, Inc. *	32,174		974,872
Microsoft Corp.	765,476		22,550,923
Novell, Inc. *	33,214		253,755
Oracle Corp. *	373,774		8,092,207
			37,866,312
Steel - 0.30%
Allegheny Technologies, Inc.	9,704		1,066,955
Nucor Corp.	27,333		1,625,493
United States Steel Corp.	11,223		1,188,965
			3,881,413
Telecommunications Equipment &
Services - 1.97%
Avaya, Inc. *	43,380		735,725
Ciena Corp. *	8,161		310,771
Citizens Communications Company	32,303		462,579
Corning, Inc.	149,337		3,681,157
Embarq Corp.	14,485		805,366
JDS Uniphase Corp. *	20,094		300,606
QUALCOMM, Inc.	158,948		6,717,142
Tellabs, Inc. *	41,611		396,137
Verizon Communications, Inc.	275,561		12,201,841
			25,611,324
Telephone - 2.47%
AT&T, Inc.	579,023		24,498,463
CenturyTel, Inc.	10,625		491,087
Qwest Communications International, Inc. *	151,680		1,389,389
Sprint Nextel Corp.	270,252		5,134,788
Windstream Corp.	45,323		639,961
			32,153,688
Tires & Rubber - 0.05%
Goodyear Tire & Rubber Company *	20,032		609,173
Tobacco - 1.20%
Altria Group, Inc.	199,864		13,896,544

The accompanying notes are an integral part of the financial statements. 

13

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Tobacco (continued)
Reynolds American, Inc. (a)		16,243	$	1,032,892
UST, Inc.		15,131		750,498
				15,679,934
Toys, Amusements & Sporting Goods - 0.10%
Hasbro, Inc.		15,188		423,441
Mattel, Inc.		37,462		878,859
				1,302,300
Transportation - 0.07%
C.H. Robinson Worldwide, Inc.		16,386		889,596
Trucking & Freight - 0.83%
FedEx Corp.		29,314		3,070,641
Ryder Systems, Inc.		5,680		278,320
United Parcel Service, Inc., Class B		99,665		7,484,842
				10,833,803
TOTAL COMMON STOCKS (Cost $999,795,348)			$	1,278,806,223
SHORT TERM INVESTMENTS - 2.60%
Dresdner U.S. Finance, Inc.
5.16% due 10/01/2007	$	18,020,000	$	18,020,000
John Hancock Cash Investment Trust (c)		13,756,811		13,756,811
U.S. Treasury Bills
zero coupon due 12/13/2007 ****		2,100,000		2,084,031
TOTAL SHORT TERM INVESTMENTS
(Cost $33,860,842)			$	33,860,842
Total Investments (500 Index Trust B)
(Cost $1,033,656,190) - 100.83%			$	1,312,667,065
Liabilities in Excess of Other Assets - (0.83)%				(10,829,291)
TOTAL NET ASSETS - 100.00%			$	1,301,837,774
Active Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 10.75%
U.S. Treasury Bonds - 0.69%
4.75% due 02/15/2037 (a)	$	17,721,000	$	17,475,954
4.50% due 02/15/2036 (a)		235,000		222,791
				17,698,745
U.S. Treasury Notes - 10.06%
4.125% due 08/31/2012		19,920,000		19,829,737
4.50% due 04/30/2012 (a)		56,007,000		56,693,982
4.75% due 05/15/2014		4,880,000		4,989,800
4.75% due 08/15/2017 (a)		82,803,000		83,915,707
4.25% due 11/15/2013 (a)***		21,710,000		21,647,236
4.75% due 05/31/2012 (a)		70,790,000		72,399,340
				259,475,802
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $272,864,767)			$	277,174,547

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS - 32.00%
Federal Home Loan Bank - 0.20%
5.50% due 08/13/2014	$	4,955,000	$	5,152,258
Federal Home Loan Mortgage Corp. - 4.18%
3.914% due 06/01/2034		5,526,457		5,435,022
4.50% due 01/15/2015		3,310,000		3,239,974
5.00% due 04/01/2018 to 07/01/2035		7,679,967		7,461,988
5.168% due 11/01/2035		5,822,309		5,707,689
5.287% due 12/01/2035		5,291,960		5,201,946
5.50% due 08/23/2017 to 03/01/2036		53,825,901		54,408,751
5.64% due 04/01/2037		5,184,805		5,180,045
5.82% due 04/01/2037		4,011,798		4,044,726
5.845% due 11/01/2036		4,196,564		4,209,222
5.875% due 03/21/2011		4,049,000		4,231,537
5.882% due 03/01/2037 (b)		8,574,222		8,617,065
				107,737,965
Federal National Mortgage
Association - 26.96%
3.716% due 07/01/2033 (b)		309,742		312,812
4.375% due 03/15/2013		1,030,000		1,014,966
4.50% TBA **		38,160,000		36,740,906
4.875% due 12/15/2016		3,915,000		3,882,811
4.919% due 08/01/2034		3,967,731		3,949,625
5.00% due 05/01/2018 to 08/01/2035		33,479,853		32,501,783
5.00% TBA **		147,180,000		141,525,300
5.493% due 03/01/2037		6,106,721		6,085,381
5.50% due 03/15/2011 to 05/01/2037		115,989,451		114,290,249
5.50% TBA **		132,110,000		129,691,544
6.00% due 05/01/2035 to 08/01/2037		113,311,309		113,518,296
6.00% TBA **		78,485,000		78,744,072
6.50% due 02/01/2036 to 07/01/2037		24,375,314		24,821,508
6.625% due 09/15/2009 (a)		2,314,000		2,409,665
7.00% due 09/01/2010 to 10/25/2041		5,142,527		5,314,929
7.50% due 09/01/2029 to 08/01/2031		283,434		296,752
				695,100,599
Government National Mortgage
Association - 0.56%
5.00% due 04/15/2035		5,600,667		5,422,278
5.50% due 03/15/2035		5,845,476		5,767,744
6.00% due 03/15/2033 to 06/15/2033		2,413,062		2,433,219
6.50% due 09/15/2028 to 08/15/2031		496,622		509,358
7.00% due 04/15/2029		138,686		145,329
8.00% due 10/15/2026 to 05/15/2029		147,149		156,464
				14,434,392
The Financing Corp. - 0.10%
9.40% due 02/08/2018		420,000		566,587
10.35% due 08/03/2018		1,400,000		2,011,757
				2,578,344
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $825,485,364)			$	825,003,558

The accompanying notes are an integral part of the financial statements. 

14

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS - 0.73%
Argentina - 0.12%
Republic of Argentina
zero coupon, Step up to 1.18% on
03/31/2009 due 12/31/2038 (b)	ARS	8,797,621	$	1,201,136
0.6491% due 12/15/2035 (b)		19,532,033		599,077
5.83% due 12/31/2033 (b)		3,617,497		1,402,433
				3,202,646
Canada - 0.01%
Government of Canada
5.50% due 06/01/2010	CAD	270,000		280,153
Chile - 0.05%
Republic of Chile
5.76% due 01/28/2008 (b)	$	1,177,000		1,177,000
Colombia - 0.05%
Republic of Colombia
10.00% due 01/23/2012		1,005,000		1,168,313
11.75% due 03/01/2010	COP	402,000,000		208,202
				1,376,515
Denmark - 0.01%
Kingdom of Denmark
6.00% due 11/15/2009	DKK	1,200,000		236,768
Germany - 0.17%
Federal Republic of Germany
5.25% due 01/04/2011	EUR	1,275,000		1,872,907
5.25% due 01/04/2008		875,000		1,247,769
6.25% due 01/04/2030		725,000		1,260,159
				4,380,835
Japan - 0.08%
Government of Japan
0.90% due 12/22/2008	JPY	29,450,000		256,587
1.50% due 09/20/2014		68,650,000		601,937
1.80% due 03/22/2010		132,350,000		1,175,006
				2,033,530
Mexico - 0.09%
Government of Mexico
8.00% due 12/07/2023	MXN	11,861,100		1,089,605
8.00% due 12/19/2013		8,332,200		769,466
9.875% due 02/01/2010	$	290,000		322,625
				2,181,696
Panama - 0.02%
Republic of Panama
8.875% due 09/30/2027		344,000		438,600
9.375% due 07/23/2012		148,000		169,682
				608,282
Peru - 0.01%
Republic of Peru
9.875% due 02/06/2015		148,000		185,074
Philippines - 0.01%
Republic of Philippines
9.125% due 02/22/2010	EUR	148,000		224,841

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Sweden - 0.02%
Kingdom of Sweden
5.00% due 01/28/2009	SEK	1,570,000	$	245,604
5.25% due 03/15/2011		1,720,000		274,409
				520,013
Turkey - 0.04%
Republic of Turkey
20.00% due 10/17/2007	TRY	1,180,200		1,063,999
Ukraine - 0.02%
Republic of Ukraine
7.65% due 06/11/2013	$	500,000		533,775
United Kingdom - 0.03%
Government of United Kingdom
6.00% due 12/07/2028	GBP	85,000		201,189
7.25% due 12/07/2007		95,000		194,185
8.00% due 12/07/2015		125,000		304,215
				699,589
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $16,762,949)			$	18,704,716
CORPORATE BONDS - 31.18%
Advertising - 0.04%
R.H. Donnelley Corp.
8.875% due 10/15/2017	$	965,000		979,475
Aerospace - 0.15%
BAE Systems 2001 Asset Trust PLC
6.664% due 09/15/2013		2,047,833		2,158,539
7.156% due 12/15/2011		918,351		961,366
TransDigm, Inc.
7.75% due 07/15/2014		815,000		823,150
				3,943,055
Agriculture - 0.11%
Chaoda Modern Agriculture (Holdings), Ltd.
7.75% due 02/08/2010		1,870,000		1,818,575
Mosaic Company
7.625% due 12/01/2016		985,000		1,050,256
				2,868,831
Air Travel - 0.17%
Continental Airlines, Inc., Series 00-2
8.307% due 04/02/2018		821,117		819,065
Continental Airlines, Inc., Series 01-1
7.033% due 06/15/2011		236,380		229,289
Continental Airlines, Inc., Series 991A
6.545% due 02/02/2019		567,349		570,894
Delta Air Lines, Inc., Series 02-1
6.417% due 07/02/2012		2,725,000		2,782,906
				4,402,154
Amusement & Theme Parks - 0.03%
HRP Myrtle Beach Operations LLC
10.07% due 04/01/2012 (b)		705,000		676,800

The accompanying notes are an integral part of the financial statements. 

15

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Apparel & Textiles - 0.03%
Hanesbrands, Inc., Series B
8.7841% due 12/15/2014 (b)	$	740,000	$	736,300
Auto Parts - 0.00%
Delphi Corp.
6.197% due 11/15/2033		118,000		70,800
Auto Services - 0.02%
ERAC USA Finance Company
7.95% due 12/15/2009		510,000		539,316
Automobiles - 0.14%
DaimlerChrysler N.A. Holding Corp.
4.05% due 06/04/2008		1,716,000		1,697,201
5.875% due 03/15/2011		1,885,000		1,912,154
				3,609,355
Banking - 3.70%
Allied Irish Banks PLC
7.50% due 12/29/2049 (b)	EUR	99,000		147,790
BAC Capital Trust XI
6.625% due 05/23/2036	$	3,000,000		3,052,851
BAC Capital Trust XIV
5.63% due 12/31/2049 (b)		3,350,000		3,187,106
BAC Capital Trust XV
6.38% due 06/01/2056 (b)		4,170,000		3,798,645
Banco Mercantil del Norte SA
6.862% due 10/13/2021		2,395,000		2,390,632
Banco Santander Chile
5.375% due 12/09/2014		295,000		285,525
6.0738% due 12/09/2009 (b)		912,000		912,902
Bank of America Corp.
5.375% due 09/11/2012		2,890,000		2,905,626
Bank of Ireland
6.45% due 02/10/2010	EUR	99,000		145,141
BankAmerica Institutional Capital B
7.70% due 12/31/2026	$	645,000		669,381
BNP Paribas
7.195% due 12/31/2049 (b)		965,000		959,807
Chuo Mitsui Trust & Banking Company
5.506% due 04/15/2049 (b)		3,085,000		2,847,569
Comerica Capital Trust II
6.576% due 02/20/2037 (b)		5,195,000		4,694,093
DBS Bank, Ltd.
7.125% due 05/15/2011		450,000		478,236
Deutsche Bank AG
6.00% due 09/01/2017		2,350,000		2,380,357
HBOS PLC
5.375% due 11/29/2049 (b)		1,128,000		1,055,446
6.413% due 09/29/2049 (b)		2,555,000		2,261,804
ICICI Bank, Ltd.
5.90% due 01/12/2010 (b)		885,000		877,357
ICICI Bank, Ltd.,
6.625% due 10/03/2012		8,400,000		8,392,944
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)		265,000		257,942
Kazkommerts International BV
8.50% due 04/16/2013		350,000		331,142

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Landsbanki Islands HF
6.10% due 08/25/2011	$	1,635,000	$	1,656,472
6.205% due 08/25/2009 (b)		2,730,000		2,746,069
Lloyds TSB Group PLC
6.267% due 12/31/2049 (b)		3,950,000		3,612,978
MBNA America Bank
5.375% due 01/15/2008		875,000		875,907
NB Capital Trust IV
8.25% due 04/15/2027		2,039,000		2,122,048
Rabobank Capital Funding II
5.26% due 12/29/2049 (b)		4,115,000		3,891,045
RBS Capital Trust IV
5.9981% due 09/29/2049 (b)		897,000		852,542
Royal Bank of Scotland Group PLC
7.648% due 08/31/2049 (b)		3,060,000		3,201,595
Royal Bank of Scotland Group PLC, Series MTN
7.64% due 03/31/2049		1,350,000		1,412,046
Shinhan Bank
6.819% due 09/20/2036 (b)		2,670,000		2,598,340
Silicon Valley Bank
6.05% due 06/01/2017		2,185,000		2,153,392
Societe Generale
5.922% due 12/31/2049		1,600,000		1,515,680
Standard Chartered PLC
6.40% due 09/26/2017		800,000		801,232
6.409% due 01/30/2017 (b)		5,000,000		4,613,325
7.014% due 12/30/2049 (b)		1,800,000		1,708,744
SunTrust Capital VIII
6.10% due 12/15/2036 (b)		5,345,000		4,848,733
TuranAlem Finance BV
7.875% due 06/02/2010		638,000		604,645
8.50% due 02/10/2015		600,000		533,520
USB Capital IX
6.189% due 04/15/2042 (b)		2,480,000		2,481,647
Wachovia Capital Trust III
5.80% due 03/15/2042 (b)		4,220,000		4,191,688
Washington Mutual Bank
5.65% due 08/15/2014		500,000		481,311
6.75% due 05/20/2036		2,140,000		2,089,483
Washington Mutual Bank FA
6.01% due 01/15/2015 (b)		1,070,000		1,003,394
Washington Mutual Preferred Funding Delaware
6.534% due 03/29/2049 (b)		1,000,000		915,210
Washington Mutual, Inc.
4.20% due 01/15/2010		1,118,000		1,087,410
5.51% due 03/22/2012 (b)		353,000		336,088
Wells Fargo & Company
3.50% due 04/04/2008		981,000		971,106
				95,337,946
Broadcasting - 0.33%
Clear Channel Communications, Inc.
7.65% due 09/15/2010		736,000		729,336
News America Holdings, Inc.
6.75% due 01/09/2038		108,000		113,080
7.75% due 12/01/2045		491,000		543,572

The accompanying notes are an integral part of the financial statements. 

16

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Broadcasting (continued)
News America Holdings, Inc. (continued)
8.25% due 08/10/2018	$	2,035,000	$	2,326,054
Viacom, Inc.
6.625% due 05/15/2011		3,115,000		3,232,034
XM Satellite Radio, Inc.
9.75% due 05/01/2014		1,595,000		1,598,988
				8,543,064
Building Materials & Construction - 0.08%
Masco Corp.
6.125% due 10/03/2016		2,000,000		1,952,152
Buildings - 0.17%
Centex Corp.
5.125% due 10/01/2013		5,000,000		4,386,380
Business Services - 0.25%
Electronic Data Systems Corp.
7.125% due 10/15/2009		148,000		150,677
Minerva Overseas, Ltd.
9.50% due 02/01/2017		2,320,000		2,291,000
Xerox Corp.
6.75% due 02/01/2017		3,930,000		4,022,540
				6,464,217
Cable & Television - 1.39%
Comcast Corp.
5.90% due 03/15/2016		1,000,000		994,780
6.30% due 11/15/2017		4,885,000		4,965,280
6.50% due 11/15/2035		1,500,000		1,481,171
6.95% due 08/15/2037		3,260,000		3,421,729
Cox Communications, Inc.
4.625% due 01/15/2010		1,103,000		1,089,943
5.45% due 12/15/2014		922,000		894,445
6.75% due 03/15/2011		491,000		512,524
7.75% due 11/01/2010		368,000		392,171
Quebecor Media, Inc.
7.75% due 03/15/2016		330,000		315,150
Rogers Cable, Inc.
6.75% due 03/15/2015		1,595,000		1,639,084
Shaw Communications, Inc.
8.25% due 04/11/2010		1,605,000		1,669,200
TCI Communications, Inc.
9.80% due 02/01/2012		1,585,000		1,834,560
Time Warner Companies, Inc.
7.57% due 02/01/2024		1,716,000		1,850,512
Time Warner Entertainment Company LP
8.375% due 07/15/2033		1,520,000		1,782,369
8.375% due 03/15/2023		1,675,000		1,939,191
Time Warner, Inc.
6.50% due 11/15/2036		2,575,000		2,484,301
6.75% due 04/15/2011		3,115,000		3,237,706
7.625% due 04/15/2031		451,000		490,546
Viacom, Inc.
6.25% due 04/30/2016		1,570,000		1,574,134
6.875% due 04/30/2036		3,305,000		3,291,231
				35,860,027

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cellular Communications - 0.47%
America Movil S.A. de CV
5.75% due 01/15/2015	$	1,540,000	$	1,531,806
American Cellular Corp.
10.00% due 08/01/2011		405,000		423,225
American Tower Corp.
7.50% due 05/01/2012		638,000		655,545
AT&T Broadband Corp.
8.375% due 03/15/2013		1,365,000		1,529,944
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		573,000		619,992
8.125% due 05/01/2012		1,220,000		1,352,805
8.75% due 03/01/2031		471,000		596,308
Nextel Communications, Inc.
6.875% due 10/31/2013		2,350,000		2,359,398
7.375% due 08/01/2015		148,000		150,413
Rogers Wireless, Inc.
9.625% due 05/01/2011		422,000		475,373
SK Telecom Comapny, Ltd.
6.625% due 07/20/2027		2,490,000		2,524,626
				12,219,435
Chemicals - 0.22%
American Pacific Corp.
9.00% due 02/01/2015		1,905,000		1,952,625
Cytec Industries, Inc.
6.75% due 03/15/2008		677,000		681,144
ICI Wilmington, Inc.
4.375% due 12/01/2008		912,000		907,517
Nova Chemicals, Ltd.
7.875% due 09/15/2025		1,470,000		1,341,375
Sterling Chemicals, Inc.
10.25% due 04/01/2015		820,000		828,200
				5,710,861
Computers & Business Equipment - 0.10%
Cisco Systems, Inc.
5.50% due 02/22/2016		2,490,000		2,473,352
Containers & Glass - 0.14%
BWAY Corp.
10.00% due 10/15/2010		2,225,000		2,269,500
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		800,000		786,000
US Corrugated, Inc.
10.00% due 06/12/2013		570,000		530,100
				3,585,600
Crude Petroleum & Natural Gas - 0.03%
Hess Corp.
7.30% due 08/15/2031		601,000		658,829
Premcor Refining Group, Inc.
7.50% due 06/15/2015		206,000		214,723
				873,552
Diversified Financial Services - 0.02%
Tate & Lyle International Finance PLC
5.00% due 11/15/2014		417,000		391,289

The accompanying notes are an integral part of the financial statements. 

17

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Domestic Oil - 0.05%
Devon Financing Corp., ULC
6.875% due 09/30/2011	$	295,000	$	311,843
Marathon Oil Corp.
6.00% due 10/01/2017		880,000		882,034
				1,193,877
Drugs & Health Care - 0.03%
Allegiance Corp.
7.00% due 10/15/2026		255,000		271,690
Wyeth
4.375% due 03/01/2008		540,000		537,689
				809,379
Electrical Equipment - 0.06%
Ametek, Inc.
7.20% due 07/15/2008		1,515,000		1,530,391
Electrical Utilities - 2.48%
AES Eastern Energy LP, Series 99-A
9.00% due 01/02/2017		3,071,987		3,240,946
AES Gener SA
7.50% due 03/25/2014		906,000		948,447
American Electric Power Company, Inc.
5.25% due 06/01/2015		540,000		516,039
Appalachian Power Company
5.80% due 10/01/2035		1,961,000		1,799,629
Arizona Public Service Company
5.50% due 09/01/2035		1,118,000		963,534
BVPS II Funding Corp.
8.89% due 06/01/2017		969,000		1,102,368
CenterPoint Energy Houston Electric LLC, Series K2
6.95% due 03/15/2033		535,000		581,084
CenterPoint Energy Resources Corp.
7.875% due 04/01/2013		1,765,000		1,928,379
Constellation Energy Group
7.60% due 04/01/2032		1,850,000		2,063,940
Dominion Resources, Inc.
5.70% due 09/17/2012		368,000		369,293
6.30% due 09/30/2066 (b)		3,200,000		3,170,394
7.50% due 06/30/2066 (b)		1,680,000		1,708,847
Electricidad De Caracas Finance BV
10.25% due 10/15/2014		200,000		203,000
Empresa Nacional De Electricidad
8.50% due 04/01/2009		412,000		430,402
Enel Finance International SA
6.25% due 09/15/2017		4,430,000		4,446,404
Enersis SA
7.375% due 01/15/2014		633,000		671,845
Entergy (Waterford 3 Funding)
8.09% due 01/02/2017		3,591,095		3,611,277
FirstEnergy Corp.
6.45% due 11/15/2011		481,000		497,289
7.375% due 11/15/2031		1,299,000		1,421,535
Funding Corp.
9.00% due 06/01/2017		4,249,000		4,711,291
HQI Transelec Chile SA
7.875% due 04/15/2011		1,705,000		1,807,765

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Ipalco Enterprises, Inc.
8.625% due 11/14/2011	$	1,655,000	$	1,750,162
Jersey Central Power & Light Company, Series WI
6.40% due 05/15/2036		2,000,000		1,989,938
Monterrey Power SA De CV
9.625% due 11/15/2009		1,398,595		1,498,245
National Grid PLC
6.30% due 08/01/2016		2,515,000		2,543,719
Nevada Power Company
6.65% due 04/01/2036		2,330,000		2,312,914
Pacific Gas & Electric Company
4.20% due 03/01/2011		2,329,000		2,252,236
4.80% due 03/01/2014		598,000		570,052
6.05% due 03/01/2034		2,636,000		2,588,792
PNPP II Funding Corp.
9.12% due 05/30/2016		869,000		988,218
PSEG Power LLC
5.00% due 04/01/2014		736,000		699,582
8.625% due 04/15/2031		736,000		908,897
Scottish Power PLC
4.91% due 03/15/2010		1,265,000		1,254,110
Tampa Electric Company
6.55% due 05/15/2036		2,000,000		2,055,496
TXU Corp., Series R
6.55% due 11/15/2034		5,315,000		4,168,358
United Energy Distribution Property, Ltd.
4.70% due 04/15/2011		344,000		342,084
Virginia Electric and Power Company
6.00% due 01/15/2036		2,000,000		1,918,976
				64,035,487
Electronics - 0.03%
Jabil Circuit, Inc.
5.875% due 07/15/2010		853,000		860,840
Energy - 0.63%
Abu Dhabi National Energy Company
6.50% due 10/27/2036		3,195,000		3,162,692
Duke Capital LLC
6.75% due 02/15/2032		589,000		573,329
Enterprise Products Operating LP
4.95% due 06/01/2010		535,000		532,826
Enterprise Products Operating LP, Series B
5.00% due 03/01/2015		574,000		538,766
6.875% due 03/01/2033		471,000		481,540
GS Caltex Corp.
5.50% due 08/25/2014		471,000		458,372
Nexen, Inc.
5.875% due 03/10/2035		598,000		547,708
Progress Energy, Inc.
5.625% due 01/15/2016		2,000,000		1,954,072
Salton Sea Funding Corp., Series E
8.30% due 05/30/2011		1,014,957		1,106,019
Salton Sea Funding Corp., Series F
7.475% due 11/30/2018		1,711,366		1,845,828
Sempra Energy
4.75% due 05/15/2009		437,000		433,565

The accompanying notes are an integral part of the financial statements. 

18

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
TXU Energy Company, LLC
7.00% due 03/15/2013	$	4,170,000	$	4,579,244
				16,213,961
Financial Services - 5.95%
American Express Company
6.15% due 08/28/2017		2,000,000		2,018,302
Aries Vermogensverwaltung GmbH, Series REGS
9.60% due 10/25/2014		750,000		939,375
Astoria Depositor Corp.
8.144% due 05/01/2021		3,380,000		3,650,400
AXA Financial, Inc.
7.75% due 08/01/2010		533,000		571,726
Bank of New York Institutional Capital Trust A
7.78% due 12/01/2026		2,865,000		2,976,448
Bear Stearns Companies, Inc.
5.55% due 01/22/2017		1,920,000		1,812,419
5.70% due 11/15/2014		981,000		960,429
6.40% due 10/02/2017		2,110,000		2,100,625
Bosphorus Financial Services, Ltd.
7.3575% due 02/15/2012 (b)		2,135,000		2,113,757
Caterpillar Financial Services Corp.
4.50% due 06/15/2009		520,000		515,683
CIT Group Funding Company of Canada
4.65% due 07/01/2010		1,550,000		1,489,285
CIT Group, Inc.
5.00% due 02/13/2014		960,000		866,829
5.65% due 02/13/2017		620,000		576,032
5.83375% due 06/08/2009 (b)		4,650,000		4,445,000
6.10% due 03/15/2067 (b)		2,000,000		1,650,456
Citigroup, Inc.
5.00% due 09/15/2014		912,000		879,093
5.625% due 08/27/2012		981,000		992,494
CNOOC Finance 2003, Ltd.
5.50% due 05/21/2033		545,000		492,545
Cosan Finance, Ltd.
7.00% due 02/01/2017		1,035,000		993,600
Credit Suisse First Boston USA, Inc.
4.625% due 01/15/2008		443,000		442,453
6.50% due 01/15/2012		491,000		513,136
Dresdner Bank-New York
7.25% due 09/15/2015		589,000		638,717
E*Trade Financial Corp.
7.375% due 09/15/2013		1,440,000		1,346,400
ERP Operating LP
4.75% due 06/15/2009		687,000		682,390
ESI Tractebel Acquisition Corp., Series B
7.99% due 12/30/2011		2,086,000		2,151,369
Ford Motor Credit Company
9.875% due 08/10/2011		995,000		1,007,805
Ford Motor Credit Company LLC
9.75% due 09/15/2010		2,683,000		2,737,159
Fund American Companies, Inc.
5.875% due 05/15/2013		709,000		699,046
General Electric Capital Corp.
5.45% due 01/15/2013		3,064,000		3,092,670

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
General Motors Acceptance Corp.
6.75% due 12/01/2014	$	1,830,000	$	1,658,670
GMAC LLC
6.00% due 12/15/2011		1,575,000		1,453,692
Goldman Sachs Capital II
5.793% due 12/29/2049 (b)		3,495,000		3,307,140
Goldman Sachs Group, Inc.
5.125% due 01/15/2015		2,383,000		2,288,071
5.25% due 04/01/2013		1,226,000		1,203,844
6.25% due 09/01/2017		2,445,000		2,498,521
6.75% due 10/01/2037		945,000		948,306
Household Finance Corp.
6.40% due 06/17/2008		1,838,000		1,849,726
HSBC Finance Capital Trust IX
5.911% due 11/30/2035 (b)		1,900,000		1,803,434
HSBC Finance Corp.
4.625% due 01/15/2008		687,000		685,378
5.00% due 06/30/2015		2,507,000		2,367,423
HSBC USA, Inc.
4.625% due 04/01/2014		2,350,000		2,193,189
Huntington Capital III
6.65% due 05/15/2037 (b)		1,985,000		1,879,948
HVB Funding Trust III
9.00% due 10/22/2031		500,000		574,997
International Lease Finance Corp.
3.50% due 04/01/2009		677,000		663,030
4.55% due 10/15/2009		393,000		390,279
4.75% due 07/01/2009		1,530,000		1,510,303
5.00% due 04/15/2010		549,000		546,659
5.875% due 05/01/2013		785,000		788,101
International Lease Finance Corp., Series P
5.76% due 01/15/2010 (b)		652,000		650,026
Jefferies Group, Inc.
6.45% due 06/08/2027		1,090,000		1,024,119
John Deere Capital Corp., Series D
4.125% due 01/15/2010		1,961,000		1,930,001
JP Morgan Chase & Company
6.75% due 02/01/2011		922,000		968,670
JP Morgan Chase Bank NA, Series BKNT
6.00% due 10/01/2017		4,640,000		4,684,980
JP Morgan Chase Capital XX, Series T
6.55% due 09/29/2036		4,045,000		3,778,552
JP Morgan Chase Capital XXIII
6.5575% due 05/15/2047 (b)		4,175,000		3,669,729
Kaupthing Bank HF
6.06% due 01/15/2010 (b)		2,000,000		1,991,554
Lehman Brothers Holdings, Inc.
4.25% due 01/27/2010		4,245,000		4,111,393
6.50% due 07/19/2017		4,335,000		4,393,249
6.875% due 07/17/2037		2,595,000		2,574,170
Lehman Brothers Holdings, Inc., Series MTN
6.20% due 09/26/2014		2,940,000		2,951,645
MBNA Capital, Series B
6.1563% due 02/01/2027 (b)		1,157,000		1,086,560
Merrill Lynch & Company, Inc.
6.40% due 08/28/2017		2,780,000		2,868,379

The accompanying notes are an integral part of the financial statements. 

19

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Mizuho Financial Group (Cayman), Ltd.
8.375% due 12/29/2049	$	2,515,000	$	2,619,574
Mizuho JGB Investment LLC
9.87% due 12/29/2049 (b)		1,740,000		1,785,779
Morgan Stanley
4.25% due 05/15/2010		1,633,000		1,596,800
Nelnet, Inc.
7.40% due 09/29/2036 (b)		2,290,000		2,246,307
Nexstar Finance, Inc.
7.00% due 01/15/2014		1,160,000		1,113,600
NiSource Finance Corp.
6.15% due 03/01/2013		977,000		998,825
6.40% due 03/15/2018		1,000,000		1,007,343
6.40% due 03/15/2018 (a)		1,815,000		1,828,328
7.875% due 11/15/2010		814,000		871,291
Nuveen Investments, Inc., Class A
5.50% due 09/15/2015		1,451,000		1,225,227
Osiris Capital PLC, Series C
8.21% due 01/15/2010 (b)		4,805,000		4,830,467
Osiris Capital PLC, Series D
10.36% due 01/15/2010 (b)		1,875,000		1,890,187
Popular North America, Inc.
4.70% due 06/30/2009		598,000		595,596
QBE Capital Funding II LP
6.797% due 06/01/2049		2,315,000		2,270,008
Reliastar Financial Corp.
6.50% due 11/15/2008		716,000		722,514
SB Treasury Company LLC
9.40 due 12/29/2049 (b)		340,000		347,810
Skandinaviska Enskilda Banken AB
5.471% due 03/29/2049 (b)		2,100,000		1,935,146
SLM Corp.
4.50% due 07/26/2010		1,895,000		1,773,964
SMFG Preferred Capital
6.078% due 01/29/2049 (b)		2,000,000		1,849,380
Sovereign Capital Trust VI
7.908% due 06/13/2036		1,650,000		1,741,154
Textron Financial Corp.
6.00% due 02/15/2067 (b)		3,000,000		2,761,485
Trinity Industries Leasing Companies
7.755% due 02/15/2009		1,081,202		1,102,826
Ucar Finance, Inc.
10.25% due 02/15/2012 (a)		1,114,000		1,161,345
Vita Capital III, Ltd., Series B-I
6.46% due 01/01/2011 (b)		4,280,000		4,250,896
Waddell & Reed Financial, Inc.
5.60% due 01/15/2011		1,600,000		1,618,803
Westfield Capital Corp., Ltd.
4.375% due 11/15/2010		721,000		694,686
				153,488,722
Food & Beverages - 0.40%
Anheuser-Busch Cos Inc
6.45% due 09/01/2037		2,000,000		2,078,616
ASG Consolidated LLC/ASG Finance, Inc.
zero coupon, Step up to 11.5% on
11/01/2008 due 11/01/2011		2,150,000		1,999,500

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Food & Beverages (continued)
General Mills, Inc.
5.70% due 02/15/2017	$	1,215,000	$	1,195,036
Kellogg Company, Series B
6.60% due 04/01/2011		481,000		502,072
Kraft Foods, Inc.
5.625% due 11/01/2011		966,000		972,059
Nabisco, Inc.
7.55% due 06/15/2015		1,471,000		1,617,407
Panamerican Beverages, Inc.
7.25% due 07/01/2009		1,060,000		1,086,784
Smithfield Foods, Inc.
7.00% due 08/01/2011		897,000		908,213
				10,359,687
Gas & Pipeline Utilities - 1.00%
Buckeye Partners LP
5.125% due 07/01/2017		1,150,000		1,068,046
Dynegy-Roseton Danskammer, Series B
7.67% due 11/08/2016		2,010,000		2,020,050
Energy Transfer Partners LP
6.625% due 10/15/2036		1,000,000		943,054
Kinder Morgan Energy Partners LP
5.80% due 03/15/2035		402,000		355,005
7.30% due 08/15/2033		603,000		631,837
KN Capital Trust I, Series B
8.56% due 04/15/2027		1,545,000		1,399,925
MarkWest Energy Partners LP, Series B
8.50% due 07/15/2016		1,870,000		1,841,950
Michigan Consolidated Gas Company
5.70% due 03/15/2033		736,000		684,022
ONEOK Partners LP
6.65% due 10/01/2036		2,935,000		2,894,905
6.85% due 10/15/2037		1,325,000		1,335,425
Southern Union Company
7.20% due 11/01/2066 (b)		4,880,000		4,902,248
TEPPCO Partners LP
7.00% due 06/01/2067 (b)		6,230,000		5,654,198
Texas Eastern Transmission LP
6.00% due 09/15/2017		2,110,000		2,102,446
				25,833,111
Gold - 0.04%
New Gold, Inc.
10.00% due 06/28/2017	CAD	1,350,000		1,124,831
Healthcare Services - 0.30%
Coventry Health Care, Inc.
5.875% due 01/15/2012	$	1,270,000		1,276,778
6.30% due 08/15/2014		3,835,000		3,833,121
UnitedHealth Group, Inc.
5.375% due 03/15/2016		1,130,000		1,099,705
5.80% due 03/15/2036		540,000		501,774
WellPoint, Inc.
3.75% due 12/14/2007		540,000		538,035
5.00% due 12/15/2014		417,000		396,966
				7,646,379

The accompanying notes are an integral part of the financial statements. 

20

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Holdings Companies/Conglomerates - 0.28%
General Electric Company
5.00% due 02/01/2013	$	6,475,000	$	6,418,447
SPI Electricity & Gas Australia Holdings Party, Ltd.
6.15% due 11/15/2013		798,000		813,011
				7,231,458
Homebuilders - 0.02%
Pulte Homes, Inc.
6.25% due 02/15/2013		515,000		458,444
Hotels & Restaurants - 0.21%
Hilton Hotels Corp.
8.25% due 02/15/2011		451,000		503,255
Marriott International, Inc.
4.625% due 06/15/2012		1,324,000		1,267,504
Starbucks Corp.
6.25% due 08/15/2017		1,915,000		1,931,708
Starwood Hotels & Resorts Worldwide, Inc.
6.25% due 02/15/2013		1,690,000		1,696,170
				5,398,637
Industrial Machinery - 0.12%
Caterpillar, Inc.
7.25% due 09/15/2009		687,000		716,773
Weatherford International, Ltd.
6.50% due 08/01/2036		2,400,000		2,362,865
				3,079,638
Insurance - 4.37%
Ace INA Holdings, Inc.
6.70% due 05/15/2036		3,630,000		3,737,833
Allied World Assurance Holdings, Ltd.
7.50% due 08/01/2016		4,360,000		4,571,098
AON Capital Trust A
8.205% due 01/01/2027		2,630,000		2,862,613
Arch Capital Group, Ltd.
7.35% due 05/01/2034		3,000,000		3,245,028
Assurant, Inc.
5.625% due 02/15/2014		461,000		450,316
6.75% due 02/15/2034		3,955,000		4,008,389
Avalon Re, Ltd.
7.138% due 06/06/2008 (b)		1,750,000		1,649,638
9.607% due 06/06/2008		1,000,000		826,130
AXA SA
6.379% due 12/14/2049 (b)		1,175,000		1,059,420
6.463% due 12/31/2049 (b)		4,065,000		3,754,950
Catlin Insurance Company, Ltd.
7.249% due 12/01/2049 (b)		4,500,000		4,244,481
Chubb Corp
6.375% due 03/29/2067 (b)		1,640,000		1,630,326
CNA Financial Corp.
6.00% due 08/15/2011		1,580,000		1,597,276
Endurance Specialty Holdings, Ltd.
7.00% due 07/15/2034		3,600,000		3,339,119
First American Corp.
7.55% due 04/01/2028		1,485,000		1,578,214
Foundation Re II, Ltd.
12.27% due 11/26/2010 (b)		900,000		919,800

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
Genworth Financial, Inc.
6.15% due 11/15/2066 (b)	$	1,460,000	$	1,365,230
Hartford Financial Services Group, Inc.
4.625% due 07/15/2013		417,000		397,572
5.50% due 10/15/2016		2,000,000		1,961,276
Horace Mann Educators Corp.
6.85% due 04/15/2016		1,190,000		1,226,330
Liberty Mutual Group, Inc.
6.50% due 03/15/2035		5,037,000		4,594,988
7.50% due 08/15/2036		11,245,000		11,526,462
7.80% due 03/15/2037		2,485,000		2,418,424
Lincoln National Corp.
6.05% due 04/20/2067 (b)		830,000		799,200
7.00% due 05/17/2066 (b)		3,920,000		4,039,870
Markel Corp.
6.80% due 02/15/2013		1,605,000		1,653,466
Marsh & McLennan Companies, Inc.
5.375% due 07/15/2014		319,000		307,827
Merna Reinsurance, Ltd., Series B
7.11% due 07/07/2010 (b)		2,815,000		2,811,059
MetLife, Inc.
5.70% due 06/15/2035		2,780,000		2,568,792
6.40% due 12/15/2036 (b)		2,000,000		1,901,702
Mystic Re, Ltd.
11.841% due 12/05/2008 (b)		1,220,000		1,234,274
North Front Pass-Through Trust
5.81% due 12/15/2024 (b)		1,130,000		1,099,556
Ohio Casualty Corp.
7.30% due 06/15/2014		2,115,000		2,262,035
Oil Casualty Insurance, Ltd.
8.00% due 09/15/2034		5,150,000		5,078,003
PartnerRe Finance
6.44% due 12/01/2066 (b)		2,050,000		1,897,496
Progressive Corp.
6.70% due 06/15/2037 (b)		1,135,000		1,101,160
Provident Financing Trust I
7.405% due 03/15/2038 (a)		1,685,000		1,650,424
Prudential Financial, Inc.
4.75% due 04/01/2014		1,343,000		1,262,232
RenaissanceRe Holdings, Ltd.
7.00% due 07/15/2008		1,950,000		1,982,249
StanCorp Financial Group, Inc.
6.90% due 05/29/2067 (b)		3,600,000		3,469,856
Symetra Financial Corp.
6.125% due 04/01/2016		1,650,000		1,649,452
Transatlantic Holdings, Inc.
5.75% due 12/14/2015		3,055,000		3,062,616
Travelers Property Casualty, Inc.
6.375% due 03/15/2033		1,069,000		1,062,347
W.R. Berkley Corp.
6.15% due 08/15/2019		699,000		693,695
White Mountains Re Group, Ltd.
7.506% due 05/29/2049 (b)		3,130,000		2,949,881
XL Capital, Ltd.
5.25% due 09/15/2014		741,000		709,502

The accompanying notes are an integral part of the financial statements. 

21

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
XL Capital, Ltd., Series E
6.50% due 12/31/2049 (b)	$	4,715,000	$	4,403,937
				112,615,544
International Oil - 0.45%
Delek & Avner-Yam Tethys, Ltd.
5.326% due 08/01/2013		1,261,080		1,256,414
Husky Energy, Inc.
6.20% due 09/15/2017		4,220,000		4,197,532
Pemex Project Funding Master Trust
6.125% due 08/15/2008		687,000		690,435
6.9944% due 06/15/2010 (b)		897,000		912,697
Ras Laffan Liquefied Natural Gas Company, Ltd.
3.437% due 09/15/2009		536,604		531,254
Ras Laffan Liquefied Natural Gas Company, Ltd. III
5.838% due 09/30/2027		1,435,000		1,310,614
Talisman Energy, Inc.
6.25% due 02/01/2038		2,775,000		2,614,239
				11,513,185
Investment Companies - 0.28%
Allied Capital Corp.
6.00% due 04/01/2012		5,850,000		5,821,306
6.625% due 07/15/2011		1,450,000		1,482,219
				7,303,525
Leisure Time - 0.90%
Cinemark, Inc.
zero coupon, Step up to 9.75% on
03/15/2009 due 03/15/2014		820,000		774,900
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015		1,370,000		1,284,375
Greektown Holdings LLC
10.75% due 12/01/2013		1,085,000		1,074,150
Harrahs Operating Company, Inc.
5.625% due 06/01/2015		1,450,000		1,152,750
Jacobs Entertainment, Inc.
9.75% due 06/15/2014		1,705,000		1,696,475
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014		1,740,000		1,774,800
Majestic Star Casino LLC
9.50% due 10/15/2010		225,000		216,000
Mashantucket Western Pequot Tribe
5.912% due 09/01/2021		805,000		760,379
MGM MIRAGE
6.00% due 10/01/2009		816,000		809,880
Mohegan Tribal Gaming Authority
6.375% due 07/15/2009		437,000		434,815
8.00% due 04/01/2012		842,000		858,840
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		1,030,000		1,019,700
9.75% due 04/01/2010		1,420,000		1,459,050
Pokagon Gaming Authority
10.375% due 06/15/2014		755,000		828,613
Seminole Indian Tribe of Florida
6.535% due 10/01/2020		2,240,000		2,210,163
Seneca Gaming Corp.
7.25% due 05/01/2012		2,110,000		2,125,825

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
Shingle Springs Tribal Gaming Authority
9.375% due 06/15/2015 (a)	$	635,000	$	641,350
Trump Entertainment Resorts, Inc.
8.50% due 06/01/2015		1,080,000		899,100
Turning Stone Resort Casino
9.125% due 09/15/2014		1,875,000		1,940,625
Waterford Gaming LLC
8.625% due 09/15/2014		1,285,000		1,323,550
				23,285,340
Liquor - 0.06%
Anheuser-Busch Companies, Inc.
5.75% due 04/01/2036		1,000,000		950,388
6.50% due 02/01/2043		540,000		548,226
				1,498,614
Manufacturing - 0.24%
Tyco Electronics Group SA
6.55% due 10/01/2017		4,065,000		4,115,772
7.125% due 10/01/2037		2,000,000		2,072,758
				6,188,530
Medical-Hospitals - 0.21%
Alliance Imaging, Inc.
7.25% due 12/15/2012		1,545,000		1,479,338
Community Health Systems, Inc.
8.875% due 07/15/2015		965,000		991,537
Owens & Minor, Inc.
6.35% due 04/15/2016		3,000,000		3,043,260
				5,514,135
Metal & Metal Products - 0.06%
Alcan, Inc.
5.00% due 06/01/2015		339,000		323,971
Blaze Recycling & Metals LLC / Blaze Finance Corp.
10.875% due 07/15/2012		405,000		405,000
Vedanta Resources PLC
6.625% due 02/22/2010		935,000		930,325
				1,659,296
Mining - 0.10%
Corporacion Nacional del Cobre
5.50% due 10/15/2013		481,000		483,266
Drummond Company, Inc.
7.375% due 02/15/2016		1,645,000		1,529,850
Freeport-McMoRan Copper & Gold, Inc.
8.375% due 04/01/2017		450,000		491,625
				2,504,741
Paper - 0.16%
International Paper Company
5.85% due 10/30/2012		524,000		530,740
Plum Creek Timberlands LP
5.875% due 11/15/2015		1,695,000		1,648,584
Verso Paper, Inc., Series B
9.125% due 08/01/2014		1,815,000		1,869,450
				4,048,774

The accompanying notes are an integral part of the financial statements. 

22

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Petroleum Services - 0.55%
Allis-Chalmers Energy, Inc.
8.50% due 03/01/2017	$	1,150,000	$	1,112,625
Anadarko Petroleum Corp.
3.25% due 05/01/2008		3,250,000		3,207,672
Enterprise Products Operating LP
8.375% due 08/01/2066 (b)		3,700,000		3,802,682
Premcor Refining Group, Inc.
6.75% due 05/01/2014		2,100,000		2,188,891
9.50% due 02/01/2013		1,495,000		1,578,639
Valero Logistics Operations LP
6.05% due 03/15/2013		2,392,000		2,401,456
				14,291,965
Pharmaceuticals - 0.57%
Abbott Laboratories
5.875% due 05/15/2016		2,330,000		2,350,975
AstraZeneca PLC
5.90% due 09/15/2017		2,110,000		2,141,793
Hospira, Inc.
5.90% due 06/15/2014		412,000		412,153
Schering Plough Corp.
5.55% due 12/01/2013		937,000		930,710
Schering-Plough Corp
6.00% due 09/15/2017		5,500,000		5,524,717
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016		1,680,000		1,632,034
6.15% due 02/01/2036		1,680,000		1,596,227
				14,588,609
Publishing - 0.05%
Idearc, Inc.
8.00% due 11/15/2016		1,235,000		1,231,912
Real Estate - 1.61%
Boston Properties, Ltd., REIT
6.25% due 01/15/2013		785,000		797,228
Camden Property Trust, REIT
5.00% due 06/15/2015		804,000		732,552
Colonial Properties Trust, REIT
6.25% due 06/15/2014		554,000		553,043
Colonial Realty LP
5.50% due 10/01/2015		1,569,000		1,474,144
Developers Diversified Realty Corp., REIT
4.625% due 08/01/2010		1,103,000		1,087,479
Health Care Property Investors, Inc., REIT
6.30% due 09/15/2016		1,040,000		1,020,582
Health Care Property Investors, Inc.,
Series MTN, REIT
4.875% due 09/15/2010		1,471,000		1,445,813
5.625% due 02/28/2013		2,480,000		2,425,425
Health Care, Inc., REIT
6.00% due 11/15/2013		755,000		749,723
6.20% due 06/01/2016		3,380,000		3,277,015
Healthcare Realty Trust, Inc., REIT
8.125% due 05/01/2011		1,875,000		2,008,506
Hospitality Properties Trust, REIT
6.75% due 02/15/2013		3,028,000		3,128,230

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
HRPT Properties Trust
6.65% due 01/15/2018	$	995,000	$	978,340
iStar Financial, Inc., REIT
6.2444% due 03/16/2009 (b)		1,800,000		1,717,567
Nationwide Health Properties, Inc., REIT
6.50% due 07/15/2011		1,535,000		1,598,204
Realty Income Corp.
5.95% due 09/15/2016		3,030,000		2,952,114
Rouse Company LP, REIT
6.75% due 05/01/2013		1,685,000		1,652,872
Rouse Company, REIT
3.625% due 03/15/2009		2,800,000		2,680,294
5.375% due 11/26/2013		456,000		409,356
Shimao Property Holdings, Ltd.
8.00% due 12/01/2016		1,490,000		1,475,100
Simon Property Group LP, REIT
5.75% due 12/01/2015		1,500,000		1,465,558
6.10% due 05/01/2016		1,000,000		997,302
Socgen Real Estate Company LLC
7.64% due 12/29/2049 (b)		2,501,000		2,501,000
USB Realty Corp.
6.091% due 12/22/2049 (b)		2,600,000		2,497,433
Vornado Realty, LP
5.60% due 02/15/2011		2,000,000		1,998,128
				41,623,008
Retail - 0.15%
CVS Caremark Corp.
5.75% due 06/01/2017		2,030,000		1,981,383
Safeway, Inc.
6.35% due 08/15/2017		1,820,000		1,849,162
				3,830,545
Sanitary Services - 0.03%
Waste Management, Inc.
7.75% due 05/15/2032		625,000		701,900
Semiconductors - 0.06%
Freescale Semiconductor, Inc.
10.125% due 12/15/2016		1,595,000		1,483,350
Steel - 0.09%
WCI Steel Acquisition, Inc.
8.00% due 05/01/2016		2,375,000		2,363,125
Telecommunications Equipment &
Services - 0.74%
AT&T, Inc.
6.50% due 09/01/2037		2,180,000		2,247,792
Axtel SAB de CV
7.625% due 02/01/2017		1,770,000		1,743,450
Citizens Communications Company
6.25% due 01/15/2013		1,515,000		1,477,125
Deutsche Telekom International Finance BV
6.625% due 07/11/2011	EUR	99,000		148,976
8.00% due 06/15/2010	$	1,098,000		1,176,157
8.25% due 06/15/2030		1,358,000		1,662,413
Digicel Group, Ltd.
8.875% due 01/15/2015		2,010,000		1,889,400

The accompanying notes are an integral part of the financial statements. 

23

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services (continued)
Embarq Corp.
7.995% due 06/01/2036	$	3,920,000	$	4,176,733
France Telecom SA
7.75% due 03/01/2011		996,000		1,070,622
8.50% due 03/01/2031		1,009,000		1,296,879
SBC Communications, Inc.
4.125% due 09/15/2009		368,000		362,012
5.10% due 09/15/2014		799,000		773,156
5.625% due 06/15/2016		613,000		607,794
Singapore Telecommunications, Ltd.
6.375% due 12/01/2011		466,000		487,860
				19,120,369
Telephone - 0.93%
AT&T, Inc.
6.80% due 05/15/2036		2,055,000		2,199,403
BellSouth Corp.
4.20% due 09/15/2009		613,000		603,647
6.00% due 11/15/2034		2,000,000		1,925,322
Cincinnati Bell, Inc.
8.375% due 01/15/2014 (a)		1,125,000		1,122,188
Qwest Corp.
7.875% due 09/01/2011		1,605,000		1,685,250
Sprint Capital Corp.
6.125% due 11/15/2008		838,000		844,167
6.375% due 05/01/2009		613,000		622,538
6.875% due 11/15/2028		4,283,000		4,133,515
8.375% due 03/15/2012		398,000		438,212
8.75% due 03/15/2032		2,069,000		2,372,603
Telecom Italia Capital SA
4.00% due 01/15/2010		3,195,000		3,110,706
4.00% due 11/15/2008		981,000		967,197
7.20% due 07/18/2036		2,885,000		3,053,045
Verizon New York, Inc., Series A
6.875% due 04/01/2012		765,000		805,855
				23,883,648
Tires & Rubber - 0.04%
Goodyear Tire & Rubber Company
8.625% due 12/01/2011		985,000		1,029,325
Tobacco - 0.10%
Alliance One International, Inc.
8.50% due 05/15/2012		845,000		828,100
Altria Group, Inc.
7.00% due 11/04/2013		337,000		366,227
Reynolds American, Inc.
7.25% due 06/01/2013		1,360,000		1,435,763
				2,630,090
Toys, Amusements & Sporting Goods - 0.03%
Hasbro, Inc.
6.30% due 09/15/2017		800,000		796,473
Transportation - 0.18%
CMA CGM SA
7.25% due 02/01/2013		2,610,000		2,531,700

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Transportation (continued)
Navios Maritime Holdings, Inc.
9.50% due 12/15/2014	$	1,385,000	$	1,428,281
Overseas Shipholding Group, Inc.
8.25% due 03/15/2013		148,000		152,625
8.75% due 12/01/2013		425,000		456,875
				4,569,481
Utility Service - 0.03%
Public Service Company of New Mexico
4.40% due 09/15/2008		667,000		660,667
TOTAL CORPORATE BONDS (Cost $819,063,619)			$	803,824,954
COLLATERALIZED MORTGAGE
OBLIGATIONS - 17.65%
American Home Mortgage Assets, Series 2006-6,
Class XP
zero coupon IO due 12/25/2046		53,076,614		2,653,831
American Home Mortgage Investment Trust,
Series 2004-4, Class 5A
4.44% due 02/25/2045		4,636,091		4,480,993
American Tower Trust, Series 2007-1A, Class D
5.956% due 04/15/2037		2,850,000		2,443,734
Banc of America Commercial Mortgage, Inc.,
Series 2004-4, Class A3
4.128% due 07/10/2042		1,602,716		1,579,014
Banc of America Commercial Mortgage, Inc.,
Series 2005-2, Class AJ
4.953% due 07/10/2043		2,524,154		2,372,085
Banc of America Commercial Mortgage, Inc.,
Series 2005-6, Class A4
5.18% due 09/10/2047 (b)		3,075,000		3,039,124
Banc of America Commercial Mortgage, Inc.,
Series 2006-2, Class A3
5.9019% due 05/10/2045 (b)		5,245,000		5,327,910
Banc of America Commercial Mortgage, Inc.,
Series 2006-3, Class A4
5.889% due 07/10/2044 (b)		4,420,000		4,528,562
Banc of America Commercial Mortgage, Inc.,
Series 2006-4, Class A3A
5.60% due 08/10/2013		4,215,000		4,238,502
Banc of America Funding Corp, Series 2007-E,
Class 4A1
5.9362% due 07/20/2047 (b)		2,310,000		2,317,850
Banc of America Funding Corp., Series 2006-B,
Class 6A1
5.881% due 03/20/2036 (b)		2,917,068		2,944,365
Banc of America Funding Corp., Series 2006-D,
Class 6B1
5.9474% due 05/20/2036 (b)		1,714,107		1,716,258
Banc of America Large Loan, Series 2006-BIX1,
Class C
5.79% due 10/15/2019 (b)		5,214,117		5,169,210
Banc of America Large Loan,
Series 2005-MIB1, Class B
6.0125% due 03/15/2022 (b)		4,495,000		4,473,389

The accompanying notes are an integral part of the financial statements. 

24

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bank of America Commercial Mortgage, Inc.,
Series 2001-3, Class A1
4.89% due 04/11/2037	$	300,577	$	299,796
Bear Stearns Alt-A Trust, Series 2005-3, Class B2
5.3043% due 04/25/2035 (b)		1,104,065		1,087,981
Bear Stearns Alt-A Trust, Series 2006-1, Class 23A1
5.6226% due 02/25/2036 (b)		2,456,970		2,439,878
Bear Stearns Asset Backed Securities, Inc., Series
2003-AC4, Class A
5.00% due 09/25/2033		549,251		535,838
Bear Stearns Asset Backed Securities, Inc., Series
2004-AC5, Class A1
5.25% due 10/25/2034		487,221		476,459
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-PW14, Class D
5.412% due 12/11/2038		2,245,000		1,971,148
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2003-T10, Class A2
4.74% due 03/13/2040		4,554,000		4,433,417
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR5, Class X1
0.076% IO due 07/11/2042 (b)		33,442,440		681,968
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-T16, Class X1
0.2325% IO due 02/13/2046 (b)		31,122,202		579,131
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-PWR8, Class AJ
4.75% due 06/11/2041		2,347,708		2,176,718
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-BBA7, Class G
6.1925% due 03/15/2019 (b)		2,300,000		2,276,820
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-T24, Class AY
0.451% IO due 10/12/2041		182,750,000		3,677,807
Bear Stearns Commercial Mortgage Securities,
Series 2002-TOP8, Class A2
4.83% due 08/15/2038		3,955,000		3,887,941
Bear Stearns Mortgage Funding Trust, Series
2006-AR4, Class A1
5.34% due 12/25/2036 (b)		2,322,664		2,269,608
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class C
7.928% due 07/15/2032		1,470,381		1,577,488
Chaseflex Trust, Series 2005-2, Class 4A1
5.00% due 05/25/2020		2,620,510		2,552,542
Citigroup Commercial Mortgage Trust,
Series 2006-C4, Class A3
5.914% due 03/15/2049 (b)		3,544,000		3,608,154
Citigroup Mortgage Loan Trust, Inc., Series 2005-1,
Class 2B1
4.7656% due 04/25/2035 (b)		1,688,382		1,679,792
Citigroup Mortgage Loan Trust, Inc.,
Series 2005-10, Class 1A5A
5.8434% due 12/25/2035 (b)		2,190,310		2,206,524
Citigroup Mortgage Loan Trust, Inc., Series 2005-5,
Class 2A3
5.00% due 08/25/2035		1,510,973		1,475,560

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2005-CD1, Class C
5.3996% due 07/15/2044 (b)	$	1,055,000	$	1,011,029
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A4
5.2254% due 07/15/2044 (b)		2,080,000		2,061,098
Commercial Mortgage Pass Through Certificates,
Series 2003-LB1A, Class A2
4.084% due 06/10/2038		2,475,141		2,330,408
Commercial Mortgage Pass Through Certificates,
Series 2005-C6, Class B
5.218% due 06/10/2044 (b)		2,450,635		2,352,349
Commercial Mortgage Pass Through Certificates,
Series 2005-FL11, Class AJ
5.9525% due 11/15/2017 (b)		3,000,000		2,986,667
Commercial Mortgage Pass-Through Certificates,
Series 2006-C7, Class A3
5.8996% due 06/10/2046 (b)		3,220,000		3,274,373
Countrywide Alternative Loan Trust, Series
2005-59, Class 2X
1.79% IO due 11/20/2035		30,349,286		1,052,741
Countrywide Alternative Loan Trust, Series
2006-OA10, Class XPP
1.9558% IO due 08/25/2046 (b)		20,320,262		793,760
Countrywide Alternative Loan Trust, Series
2006-OA8, Class X
5.983% IO due 07/25/2046 (b)		38,262,262		1,434,835
Countrywide Alternative Loan Trust, Series
2007-OA8, Class X
2.00% IO due 08/25/2047 (b)		24,208,880		1,074,269
Countrywide Alternative Loan Trust, Series
2006-OA3, Class X
2.39% IO due 05/25/2036 (b)		16,176,670		1,031,259
Countrywide Alternative Loan Trust,
Series 2004-J7, Class 1A2
4.673% due 08/25/2034		166,783		166,314
Countrywide Alternative Loan Trust,
Series 2006-11CB, Class 3A1
6.50% due 05/25/2036		2,581,911		2,607,730
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB2, Class 4A
4.5302% due 07/20/2034 (b)		5,735,954		5,731,301
Countrywide Home Loans,
Series 2005-12, Class 2A5
5.50% due 05/25/2035		713,367		706,710
Credit Suisse Mortgage Capital Certificates, Series
2006-C5, Class A2
5.246% due 12/15/2039		6,500,000		6,490,765
Credit Suisse Mortgage Capital Certificates,
Series 2006-TFLA, Class B
5.9825% due 04/15/2021 (b)		4,095,000		4,083,434
Crown Castle Towers LLC, Series 2006-1A, Class E
6.065% due 11/15/2036		2,730,000		2,744,333
Crown Castle Towers LLC, Series 2006-1A, Class F
6.649% due 11/15/2036		6,825,000		6,860,285
Crown Castle Towers LLC, Series 2006-1A, Class G
6.795% due 11/15/2036		2,775,000		2,679,401

The accompanying notes are an integral part of the financial statements. 

25

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Crown Castle Towers LLC, Series 2005-1A, Class D
5.612% due 06/15/2035	$	3,195,000	$	3,138,385
CS First Boston Mortgage Securities Corp, Series
2003-CPN1, Class A2
4.597% due 03/15/2035		5,125,000		4,968,013
CS First Boston Mortgage Securities Corp.,
Series 2001-CF2, Class A3
6.238% due 02/15/2034		629,869		629,029
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		1,715,445		1,735,515
CS First Boston Mortgage Securities Corp.,
Series 2001-CP4, Class A4
6.18% due 12/15/2035		1,592,913		1,648,236
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		980,254		1,015,809
CS First Boston Mortgage Securities Corp.,
Series 2004-C4, Class A4
4.283% due 10/15/2039		539,140		523,131
CS First Boston Mortgage Securities Corp.,
Series 2005-C1, Class AX
0.1161% IO due 02/15/2038 (b)		58,652,319		670,560
CS First Boston Mortgage Securities Corp.,
Series 2005-C2, Class B
5.016% due 04/15/2037		2,881,947		2,714,343
CS First Boston Mortgage Securities Corp.,
Series 2005-TF2A, Class K
6.9525% due 09/15/2020 (b)		1,000,000		981,384
Deutsche Mortgage and Asset Receiving Corp.,
Series 1998-C1, Class C
6.861% due 06/15/2031		1,160,000		1,161,314
Federal Home Loan Mortgage Corp., Series 24989,
Class PE
6.00% due 08/15/2032		2,215,000		2,245,769
Federal Home Loan Mortgage Corp., Series 3320,
Class PB
5.50% due 11/15/2031		3,440,000		3,440,555
Federal Home Loan Mortgage Corp., Series 3174,
Class CB
5.50% due 02/15/2031		4,040,000		4,061,774
Federal Home Loan Mortgage Corp., Series  3294,
Class NB
5.50% due 12/15/2029		4,569,000		4,542,542
Federal Home Loan Mortgage Corp.,
Series 2003-2640, Class WA
3.50% due 03/15/2033		521,979		504,843
Federal Home Loan Mortgage Corp.,
Series 2005-3019, Class MD
4.75% due 01/15/2031		1,760,769		1,752,641
Federal Home Loan Mortgage Corp.,
Series T-41, Class 3A
7.50% due 07/25/2032		208,765		217,858
Federal National Mortgage Association,
Series 2002-W3, Class A5
7.50% due 01/25/2028		408,467		426,311

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal National Mortgage Association,
Series 2003-33, Class AC
4.25% due 03/25/2033	$	360,670	$	346,359
Federal National Mortgage Association,
Series 2003-49, Class JE
3.00% due 04/25/2033		1,857,287		1,659,197
Federal National Mortgage Association,
Series 2003-58, Class AD
3.25% due 07/25/2033		1,043,984		953,618
Federal National Mortgage Association,
Series 2003-63, Class PE
3.50% due 07/25/2033		863,230		783,960
Federal National Mortgage Association,
Series 2006-64, Class PC
5.50% due 10/25/2034		3,891,000		3,801,314
Federal National Mortgage Association,
Series 2006-67, Class PD
5.50% due 12/25/2034		4,162,000		4,060,187
First Horizon Alternative Mortgage Securities,
Series 2004-AA5, Class B1
5.2146% due 12/25/2034 (b)		806,533		794,994
First Horizon Alternative Mortgage Securities,
Series 2006-AA2, Class B1
6.1887% due 05/25/2036 (b)		1,291,929		1,323,358
First Union National Bank Commercial Mortgage
Trust, Series 2001-C2, Class A1
6.204% due 01/12/2043		1,039,213		1,041,454
First Union National Bank Commercial Mortgage
Trust, Series 2002-C1, Class A1
5.585% due 02/12/2034		488,485		492,366
GE Capital Commercial Mortgage Corp.,
Series 2001-1, Class A1
6.079% due 05/15/2033		51,217		51,803
GE Capital Commercial Mortgage Corp.,
Series 2001-3, Class A2
6.07% due 06/10/2038		1,102,786		1,140,166
GE Capital Commercial Mortgage Corp.,
Series 2002-2A, Class A3
5.349% due 08/11/2036		735,191		739,339
GE Capital Commercial Mortgage Corp.,
Series 2005-C1, Class XC
0.1308% IO due 06/10/2048 (b)		91,628,344		1,179,083
GE Capital Commercial Mortgage Corp.,
Series 2005-C2, Class C
5.133% due 05/10/2043		2,171,263		2,060,999
G-Force LLC, Series 2005-RR2, Class A4B
5.422% due 12/25/2039		2,425,000		2,356,761
Global Signal Trust, Series 2004-2A, Class D
5.093% due 12/15/2014		1,700,000		1,579,767
Global Signal Trust, Series 2006-1, Class E
6.495% due 02/15/2036		2,205,000		2,152,201
Global Tower Partners Acquisition Partners LLC,
Series 2007-1A, Class F
7.0496% due 05/15/2037		725,000		678,962
GMAC Commercial Mortgage Securities, Inc.,
Series 2003-C2, Class B
5.4912% due 05/10/2040 (b)		6,983,000		7,044,064

The accompanying notes are an integral part of the financial statements. 

26

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
GMAC Commercial Mortgage Securities, Inc.,
Series 2001-C1, Class A1
5.988% due 04/15/2034	$	204,123	$	203,795
GMAC Commercial Mortgage Securities, Inc.,
Series 2002-C1, Class A1
5.785% due 11/15/2039		1,906,766		1,926,389
GMAC Mortgage Corp. Loan Trust,
Series 2006-AR1, Class 2A1
5.6509% due 04/19/2036 (b)		1,482,926		1,471,652
Government National Mortgage Association,
Series 2003-42, Class XA
3.75% due 05/16/2033		370,138		345,901
Greenwich Capital Commercial Funding Corp,
Series 2007-GG9, Class C
5.554% due 03/10/2039		1,695,000		1,582,181
Greenwich Capital Commercial Funding Corp,
Series 2007-GG9, Class F
5.633% due 03/10/2039		935,000		836,178
Greenwich Capital Commercial Funding Corp.,
Series 2006-GG7, Class A4
6.1111% due 07/10/2038 (b)		4,025,000		4,149,750
Greenwich Capital Commercial Funding Corp.,
Series 2002-C1, Class A2
4.112% due 01/11/2017		1,801,960		1,775,978
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG5, Class A2
5.117% due 04/10/2037		4,305,000		4,312,458
GS Mortgage Securities Corp. II, Series 2006-GG8,
Class A2
5.479% due 11/10/2039 (b)		3,295,000		3,323,961
GS Mortgage Securities Corp. II, Series 2006-GG8,
Class X
0.858% IO due 11/10/2039		58,922,011		2,410,276
GS Mortgage Securities Corp. II, Series 2005-GG4,
Class XC
0.1777% IO due 07/10/2039 (b)		103,244,647		1,989,018
GSR Mortgage Loan Trust, Series 2005-AR5,
Class 1A1
4.9376% due 10/25/2035 (b)		5,333,079		5,336,149
GSR Mortgage Loan Trust, Series 2004-9, Class B1
5.3417% due 08/25/2034 (b)		1,980,232		1,973,601
GSR Mortgage Loan Trust, Series 2006-AR1,
Class 3A1
5.3917% due 01/25/2036 (b)		2,787,793		2,779,475
Harborview Mortgage Loan Trust, Series 2005-8,
Class 1X
1.564% IO due 09/19/2035 (b)		27,787,408		798,888
Harborview Mortgage Loan Trust, Series 2007-3,
Class ES
zero coupon due 05/19/2047		73,828,943		565,253
Harborview Mortgage Loan Trust, Series 2007-4,
Class ES
zero coupon due 07/19/2047		73,939,823		658,527
Harborview Mortgage Loan Trust, Series 2007-6,
Class ES
zero coupon due 11/19/2015		52,554,249		402,368

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Harborview Mortgage Loan Trust,
Series 2004-7, Class 2A3
6.744% due 11/19/2034 (b)	$	1,228,176	$	1,242,655
Hilton Hotels Pool Trust, Series 2000-HLTA, Class B
6.165% due 10/03/2015 (b)		335,000		330,857
Indymac Index Mortgage Loan Trust, Series
2005-AR18, Class 1X
zero coupon IO due 10/25/2036 (b)		70,873,339		1,904,721
IndyMac Index Mortgage Loan Trust,
Series 2004-AR13, Class B1	5
5.296% due 01/25/2035		1,210,575		1,194,930
IndyMac Index Mortgage Loan Trust,
Series 2005-AR5, Class B1
5.3972% due 05/25/2035 (b)		1,957,140		1,931,585
IndyMac Index Mortgage Loan Trust,
Series 2006-AR19, Class 1B1
6.4095% due 08/25/2036 (b)		1,657,230		1,711,167
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2006-LDP8, Class X
0.7628% IO due 05/15/2045 (b)		89,418,994		3,458,101
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class A3B
5.447% due 05/15/2045 (b)		4,530,000		4,515,679
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2002-C1, Class A3
5.376% due 07/12/2037		2,568,266		2,584,709
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2004-CBX, Class A2
3.89% due 01/12/2037		566,515		558,250
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP7, Class A4
6.0656% due 04/15/2045 (b)		2,675,000		2,750,503
JP Morgan Commercial Mortgage Finance Corp.,
Series 1997-C5, Class D
7.351% due 09/15/2029		1,645,793		1,692,080
JP Morgan Mortgage Trust, Series 2006-A7, Class
2A5
5.828% due 01/25/2037 (b)		4,722,140		4,759,719
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP3, Class A4B
4.996% due 08/15/2042 (b)		2,675,000		2,588,561
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP4, Class B
5.129% due 10/15/2042 (b)		1,335,000		1,265,818
JPMorgan Mortgage Trust, Series 2005-S2,
Class 2A16
6.50% due 09/25/2035		1,781,504		1,807,519
JPMorgan Mortgage Trust, Series 2005-S3,
Class 2A2
5.50% due 01/25/2021		2,735,706		2,711,769
LB-UBS Commercial Mortgage Trust,
Series 2002-C1,Class A4
6.462% due 03/15/2031		1,470,381		1,544,526
LB-UBS Commercial Mortgage Trust,
Series 2005-C1, Class XCL
0.2042% IO due 02/15/2040 (b)		47,524,956		987,982

The accompanying notes are an integral part of the financial statements 

27

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
LB-UBS Commercial Mortgage Trust,
Series 2005-C3, Class G
5.111% due 07/15/2040	$	1,264,528	$	1,130,349
LB-UBS Commercial Mortgage Trust,
Series 2005-C5, Class A2
4.885% due 09/15/2040		2,881,947		2,873,423
LB-UBS Commercial Mortgage Trust,
Series 2006-C4, Class A4
6.0809% due 06/15/2038 (b)		3,165,000		3,257,758
Lehman XS Trust, Series  2007-10H, Class 2A2
7.50% due 07/25/2037		7,964,723		8,193,657
Lehman XS Trust, Series  2007-5H, Class 3A4
6.45% due 05/25/2037		14,806,118		14,823,204
Mastr Adjustable Rate Mortgages Trust,
Series 2004-13, Class 2A1
3.8176% due 04/21/2034 (b)		3,323,721		3,273,329
Mastr Adjustable Rate Mortgages Trust,
Series 2004-8, Class 5A1
4.5894% due 08/25/2034 (b)		4,361,347		4,318,241
Mastr Adjustable Rate Mortgages Trust,
Series 2005-2, Class 2A1
5.0907% due 03/25/2035 (b)		9,285,594		9,425,319
Mastr Adjustable Rate Mortgages Trust,
Series 2006-2, Class 4A1
4.9914% due 02/25/2036 (b)		9,614,721		9,539,727
Merrill Lynch Mortgage Trust,
Series 2004-KEY2, Class A4
4.864% due 08/12/2039 (b)		1,588,012		1,530,764
Merrill Lynch Mortgage Trust, Series 2005-CIP1,
Class XC
0.0549% IO due 07/12/2038		278,434,194		1,740,297
Merrill Lynch Mortgage Trust, Series 2005-CIP1,
Class XP
0.2927% IO due 07/12/2038 (b)		243,767,627		1,866,504
Merrill Lynch Mortgage Trust, Series 2005-CKI1,
Class A6
5.4166% due 11/12/2037 (b)		2,855,000		2,827,204
Merrill Lynch Mortgage Trust, Series 2006-C2,
Class X
0.5739% IO due 08/12/2043		77,794,014		2,093,336
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-2, Class A4
6.1046% due 06/12/2046 (b)		4,565,000		4,699,858
Merrill Lynch/Countrywide Commercial
Mortgage Trust, Series 2006-3, Class A4
5.414% due 07/12/2046 (b)		3,420,000		3,388,007
MLCC Mortgage Investors, Inc., Series 2005-A,
Class A1
5.3613% due 03/25/2030 (b)		196,058		195,306
Morgan Stanley Capital I, Series 2006-IQ12, Class E
5.538% due 12/15/2043 (b)		2,170,000		1,989,496
Morgan Stanley Capital I, Series 2004-T13, Class A2
3.94% due 09/13/2045		1,078,353		1,057,176
Morgan Stanley Capital I, Series 2005-HQ7,
Class A2
5.3742% due 11/14/2042 (b)		2,185,000		2,181,917

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Morgan Stanley Capital I, Series 2005-HQ7,
Class A4
5.3742% due 11/14/2042 (b)	$	2,795,000	$	2,758,934
Morgan Stanley Capital I, Series 2005-IQ10,
Class A4A
5.23% due 09/15/2042 (b)		4,160,000		4,091,047
Morgan Stanley Capital I, Series 2005-IQ9, Class X1
0.1896% IO due 07/15/2056 (b)		37,306,336		1,075,314
Morgan Stanley Capital I, Series 2005-T17, Class X1
0.1464% IO due 12/13/2041 (b)		75,744,276		1,117,811
Morgan Stanley Capital I,
Series 2007-SRR3, Class A
5.84% due 12/20/2049 (b)		3,000,000		2,657,250
Morgan Stanley Capital I,
Series 2007-SRR3, Class B
5.94% due 12/20/2049 (b)		3,000,000		2,538,690
Morgan Stanley Dean Witter Capital I,
Series 2003-HYB1, Class A2
4.30% due 03/25/2033 (b)		7,779,105		7,815,075
Multi Security Asset Trust, Series 2005-RR4A,
Class F
5.88% due 11/28/2035		580,000		488,787
Provident Funding Mortgage Loan Trust,
Series 2005-1, Class B1
4.3481% due 05/25/2035 (b)		1,768,160		1,664,914
Rali NIM Corp., Series 2006-QO4, Class N1
6.048% due 05/25/2046		487,957		484,297
Residential Accredit Loans, Inc.,
Series 2005-QA12, Class NB5
5.9594% due 12/25/2035 (b)		2,660,558		2,678,579
Residential Asset Securitization Trust,
Series 2006-A7CB, Class 2A1
6.50% due 07/25/2036		3,698,076		3,756,255
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		597,955		619,500
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A2
6.226% due 12/18/2035		103,250		103,121
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A3
6.428% due 12/18/2035		1,225,318		1,271,684
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036		4,670,000		4,490,859
SBA CMBS Trust, Series 2006-1A, Class J
7.825% due 11/15/2036		755,000		712,906
SBA CMBS Trust, Series 2005-1A, Class C
5.731% due 11/15/2035		3,998,000		3,982,011
SBA CMBS Trust, Series 2005-1A, Class D
6.219% due 11/15/2035		615,000		604,718
SBA CMBS Trust, Series 2005-1A, Class E
6.706% due 11/15/2035		545,000		501,400
Sequoia Mortgage Trust, Series 2005-3, Class A1
5.6963% due 05/20/2035 (b)		348,332		343,964
Structured Adjustable Rate Mortgage Loan Trust,
Series 2005-18, Class 6A1
5.2421% due 09/25/2035 (b)		2,561,180		2,558,758

The accompanying notes are an integral part of the financial statements. 

28

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Structured Asset Securities Corp.,
Series 1998-RF2, Class A
8.5157% due 07/15/2027 (b)	$	393,321	$	392,726
Timberstar Trust, Series 2006-1A, Class A
5.668% due 10/15/2036		4,800,000		4,819,104
Trapeza CDO LLC Series 2007-12A, Class B
5.9116% due 04/06/2042 (b)		3,000,000		2,656,500
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C17, Class XC
0.0768% IO due 03/15/2042 (b)		47,829,614		409,551
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C19, Class AJ
4.793% due 05/15/2044		1,862,483		1,726,448
WaMu Commercial Mortgage Securities Trust,
Series 2007-SL3, Class A
6.1149% due 03/23/2045		2,614,492		2,652,454
WAMU Mortgage Pass Through Certificates, Series
2007-OA6, Class 1XPP
zero coupon IO due 07/25/2047		90,143,978		1,135,814
WAMU Mortgage Pass Through Certificates,
Series 2007-OA5, Class 1XPP
zero coupon IO due 06/25/2047		165,483,728		2,197,624
WAMu Mortgage Pass-Through Certificates,
Series 2005-AR12, Class 1A8
4.8347% due 10/25/2035 (b)		6,065,733		5,986,049
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2007-1, Class
B1
6.2067% due 02/25/2037 (b)		1,973,945		1,826,517
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2005-6,
Class 1CB
6.50% due 08/25/2035		1,423,763		1,438,001
Washington Mutual Mortgage Pass Through
Certificates, Series 2007-OA4, Class XPPP
zero coupon IO due 04/25/2047		72,181,983		2,616,597
Washington Mutual Mortgage Pass-Through,
Series 2005-1, Class 6A1
6.50% due 03/25/2035		830,698		835,610
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR15, Class A3
5.6618% due 10/25/2036 (b)		4,965,169		4,984,900
Wells Fargo Mortgage Backed Securities Trust,
Series 2004-7, Class 2A2
5.00% due 07/25/2019		2,028,850		1,982,567
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR16, Class 2A1
4.94208% due 10/25/2035 (b)		6,805,157		6,819,799
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $458,473,754)			$	454,854,358
ASSET BACKED SECURITIES - 5.91%
Alesco Preferred Funding, Ltd., Series 12A, Class B
5.96% due 07/15/2037 (b)		1,910,000		1,821,185
Alesco Preferred Funding, Ltd., Series 14A, Class B
5.86% due 09/23/2037 (b)		2,410,000		2,265,400

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Alesco Preferred Funding, Ltd.,
Series 15A, Class B1
5.89% due 12/23/2037 (b)	$	1,900,000	$	1,805,798
Amresco Residential Securities Mortgage Loan
Trust, Series 1998-1, Class A6
6.51% due 08/25/2027		61,044		60,834
Ansonia CDO, Ltd.
5.812% due 07/28/2046		6,050,000		5,539,561
Anthracite, Ltd., Series 2002-2A, Class B
5.488% due 12/24/2037 (b)		2,400,000		2,286,024
Anthracite, Ltd., Series 2002-CIBA, Class A
5.95% due 05/24/2017 (b)		2,830,965		2,784,962
Arbor Realty Mortgage Securities, Series
2006-1A, Class C
5.96% due 01/26/2042 (b)		1,895,000		1,692,898
Arbor Realty Mortgage Securities, Series
2006-1A, Class F
6.41% due 01/26/2042 (b)		3,145,000		2,623,339
Argent Securities, Inc., Series 2004-W1, Class M3
6.5813% due 03/25/2034 (b)		1,568,407		1,457,147
Capital Trust Re CDO Ltd., Series 2005-1A, Class C
6.2463% due 03/20/2050 (b)		1,250,000		1,162,625
Capital Trust Re CDO Ltd., Series 2005-1A, Class E
7.5963% due 03/20/2050 (b)		834,000		624,157
Capital Trust Re CDO Ltd., Series 2005-3A,
Class A1
5.094% due 06/25/2035		3,004,174		2,961,124
Capital Trust Re CDO, Ltd., Series 2005-1A, Class B
5.9663% due 03/20/2050 (b)		1,600,000		1,465,040
Cedarwoods Credit CDO Ltd.,
Series 2007-2A, Class B
5.89% due 02/25/2052 (b)		5,000,000		4,515,500
Centex Home Equity, Series 2004-D, Class AF4
4.68% due 06/25/2032		780,000		753,501
Centex Home Equity, Series 2005-A, Class M4
5.9313% due 01/25/2035 (b)		875,000		754,666
Citigroup Mortgage Loan Trust Inc., Series
2007-OPX1, Class A3A
5.972% due 01/25/2037		1,965,000		1,964,257
Contimortgage Home Equity Loan Trust,
Series 1995-2, Class A5
8.10% due 08/15/2025		30,066		30,011
Credit-Based Asset Servicing and Securitization,
Series 2006-MH1, Class B1
6.25% due 09/25/2036		2,560,000		1,914,956
Credit-Based Asset Servicing and Securitization,
Series 2005-CB8, Class AF2
5.303% due 12/25/2035		4,000,000		3,954,002
Credit-Based Asset Servicing and Securitization,
Series 2006-CB2, Class AF2
5.501% due 12/25/2036 (b)		5,000,000		4,959,039
Crest Ltd., Series 2002-IGA, Class A
5.4606% due 07/28/2017 (b)		5,230,618		5,185,216
CW Capital Cobalt I, Series 2005-1A, Class A1
5.785% due 05/25/2045 (b)		863,300		839,275
DB Master Finance LLC, Series 2006-1, Class-A2
5.779% due 06/20/2031		10,360,000		10,423,061

The accompanying notes are an integral part of the financial statements. 

29

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
DB Master Finance LLC, Series 2006-1, Class-M1
8.285% due 06/20/2031	$	970,000	$	996,298
Dillon Read CMBS CDO, Ltd.,Series 2006-1A,
Class A3
6.06% due 12/05/2046		4,755,000		4,279,975
Dominos Pizza Master Issuer LLC, Series 2007-1,
Class M1
7.629% due 04/25/2037		2,940,000		2,847,052
Equity One ABS, Inc., Series 2004-1, Class M2
5.115% due 04/25/2034		739,210		671,879
Equity One ABS, Inc., Series 2004-1, Class M3
5.26% due 04/25/2034		419,856		375,458
Equity One ABS, Inc., Series 2004-2, Class AV2
5.3813% due 07/25/2034 (b)		32,203		30,329
Fremont Home Loan Trust, Series 2004-4, Class M7
7.04% due 03/25/2035 (b)		1,357,627		1,293,202
GSAA Home Equity Trust, Series 2006-10,
Class AF3
5.9846% due 06/25/2036		7,000,000		6,974,173
Highland Park CDO, Ltd., Series 2006-1A, Class A2
5.905% due 11/25/2051 (b)		7,570,000		7,390,758
Home Equity Mortgage Trust,
Series 2005-3, Class A1
5.3713% due 11/25/2035 (b)		69,933		69,744
JER CDO, Series 2006-2A, Class AFL
5.461% due 03/25/2045 (b)		3,700,000		3,228,250
JER CDO, Series 2006-2A, Class FFL
6.6313% due 03/25/2045 (b)		2,000,000		1,178,125
LNR CDO, Ltd., Series 2006-1A, Class BFL
5.6788% due 05/28/2043 (b)		3,300,000		2,820,469
Long Beach Mortgage Loan Trust, Series 2002-2,
Class M2
7.119% due 07/25/2032 (b)		1,581,429		783,628
Long Beach Mortgage Loan Trust,
Series 2004-1, Class M3
5.8313% due 02/25/2034 (b)		1,200,000		1,138,333
Mesa West Capital CDO, Ltd.,
Series 2007-1A, Class A1
5.39% due 02/25/2047 (b)		2,380,000		2,300,789
Morgan Stanley Mortgage Loan Trust, Series
2007-3XS, Class 2A4S
5.9631% due 01/25/2047		2,215,000		2,215,886
New Century Home Equity Loan Trust,
Series 2004-A, Class AII5
5.25% due 08/25/2034		990,000		974,472
Newcastle CDO, Ltd., Series 2005-7A, Class 2FL
6.00% due 12/25/2050		2,690,000		2,516,654
North Street Referenced Linked Notes, Series
2000-1A, Class C
7.11% due 04/28/2011 (b)		2,500,000		1,675,000
N-Star Real Estate CDO, Ltd., Series 2006-7A,
Class C
5.681% due 06/22/2051		3,000,000		2,632,356
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class E
6.47% due 02/01/2041 (b)		2,360,000		2,084,966

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class G
6.67% due 02/01/2041 (b)	$	2,360,000	$	2,014,992
Option One Mortgage Loan Trust, Series 2004-1,
Class M1
5.7313% due 01/25/2034 (b)		761,275		725,039
Ownit Mortgage Loan, Series 2006-1, Class AF2
5.29% due 12/25/2036		5,160,000		4,960,589
Ownit Mortgage Loan, Series 2006-2, Class A2B
5.6329% due 01/25/2037		4,000,000		3,935,372
Popular ABS Mortgage Pass-Through Trust,
Series 2005-4, Class AF3
4.9815% due 09/25/2035 (b)		3,234,838		3,188,597
Popular ABS Mortgage Pass-Through Trust,
Series 2005-6, Class A2
5.35% due 01/25/2036		3,700,000		3,663,328
Prima Capital Ltd., Series 2006-CR1A, Class A1
5.417% due 12/28/2048		7,627,318		7,539,128
RAIT Cre CDO, Ltd., Series 2006-1A, Class H
7.746% due 11/20/2046 (b)		625,000		481,738
RAIT Preferred Funding, Ltd., Series 2007-2A,
Class B
5.9313% due 06/25/2045 (b)		3,000,000		2,221,650
Renaissance Home Equity Loan Trust,
Series 2005-2, Class AF3
4.499% due 08/25/2035		1,835,000		1,818,417
Renaissance Home Equity Loan Trust,
Series 2005-2, Class AF4
4.934% due 08/25/2035		1,870,000		1,832,492
Renaissance Home Equity Loan Trust,
Series 2005-4, Class A2
5.399% due 02/25/2036		1,373,810		1,368,398
Residential Accredit Loans, Inc.,
Series 2004-QS16, Class 1A1
5.50% due 12/25/2034		1,014,887		1,005,913
Residential Asset Mortgage Products, Inc.,
Series 2004-RS9, Class AI4
4.767% due 10/25/2032		1,061,916		1,044,238
Residential Asset Mortgage Products, Inc.,
Series 2004-RZ3, Class AI4
4.572% due 05/25/2033		650,000		617,163
Structured Asset Securities Corp.,
Series 2004-16XS, Class A2
4.91% due 08/25/2034		47,422		47,236
Structured Asset Securities Corp.,
Series 2004-19XS, Class A2
4.37% due 10/25/2034		380,951		379,459
Structured Asset Securities Corp.,
Series 2004-6XS, Class M1
4.92% due 03/25/2034		708,646		643,369
Vanderbilt Acquisition Loan Trust,
Series 2002-1, Class A3
5.70% due 09/07/2023		267,442		268,473

The accompanying notes are an integral part of the financial statements. 

30

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Wells Fargo Home Equity Trust,
Series 2004-2, Class AI5
4.89% due 05/25/2034 (b)	$	2,451,000	$	2,376,107
TOTAL ASSET BACKED SECURITIES
(Cost $162,530,589)			$	152,453,072
SUPRANATIONAL OBLIGATIONS - 0.10%
Honduras - 0.03%
Central American Bank for Economic Integration
6.75% due 04/15/2013		638,000		680,372
Venezuela - 0.07%
Corporacion Andina de Fomento
5.20% due 05/21/2013		736,000		726,881
Corporacion Andina de Fomento, Series EXCH
6.875% due 03/15/2012		1,005,000		1,064,658
				1,791,539
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $2,498,813)			$	2,471,911
COMMON STOCKS - 0.00%
Food & Beverages - 0.00%
R.A.B. Holdings, Inc. *		16		16
TOTAL COMMON STOCKS (Cost $87,222)			$	16
PREFERRED STOCKS - 0.26%
Food & Beverages - 0.06%
Ocean Spray Cranberries, Inc. *		16,800		1,460,026
R.A.B. Holdings, Inc. *		7		1,050
				1,461,076
Mining - 0.13%
Freeport-McMoRan Copper & Gold, Inc. *		22,150		3,435,465
Telephone - 0.07%
Telephone & Data Systems, Inc. *		80,100		1,889,559
TOTAL PREFERRED STOCKS (Cost $5,643,673)			$	6,786,100
TERM LOANS - 0.09%
Educational Services - 0.02%
Riverdeep Interactive Learning
8.10% due 11/28/2013	EUR	497,491		492,310
Leisure Time - 0.03%
East Valley Tourist Development
7.00% due 08/06/2012	$	725,000		721,375
Mining - 0.04%
Blue Pearl Mining, Ltd.
9.376% due 11/01/2012		1,188,971		1,183,026
TOTAL TERM LOANS (Cost $2,404,212)			$	2,396,711

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
WARRANTS - 0.01%
Gold - 0.01%
New Gold, Inc.
(Expiration Date: 06/28/17, Strike
Price: CAD 15.00)		135,000	$	203,282
TOTAL WARRANTS (Cost $265,313)			$	203,282
SHORT TERM INVESTMENTS - 24.51%
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2007 to
10/16/2007	$	298,262,000	$	297,869,679
zero coupon due 10/11/2007 to
10/16/2007 ***		100,000,000		99,838,194
John Hancock Cash Investment Trust (c)		234,169,617		234,169,617
TOTAL SHORT TERM INVESTMENTS
(Cost $631,877,491)			$	631,877,490
REPURCHASE AGREEMENTS - 0.10%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$ 2,510,857 on 10/01/2007,
collateralized by $50,000 Federal
Home Loan Bank, 4.865% due
05/25/2012 (valued at $50,563,
including interest) and $495,000
Federal Home Loan Bank, 4.50%
due 10/09/2009 (valued at
$497,475, including interest) and
$2,005,000 Federal National
Mortgage Association, 5.10% due
09/10/2009 (valued at $2,017,531,
including interest) ***	$	2,510,000	$	2,510,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,510,000)			$	2,510,000
Total Investments (Active Bond Trust)
(Cost $3,200,467,766) - 123.29%			$	3,178,260,715
Liabilities in Excess of Other Assets - (23.29)%				(600,310,503)
TOTAL NET ASSETS - 100.00%			$	2,577,950,212

All Cap Core Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 89.51%
Advertising - 0.06%
Omnicom Group, Inc.	11,000	$	528,990
Aerospace - 2.98%
Boeing Company	138,000		14,488,620
Lockheed Martin Corp.	95,800		10,393,342
			24,881,962
Air Travel - 1.55%
Alaska Air Group, Inc. *	10,200		235,518

The accompanying notes are an integral part of the financial statements. 

31

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Air Travel (continued)
Continental Airlines, Inc., Class B *	148,400	$	4,901,652
Delta Air Lines, Inc. *	326,900		5,867,855
US Airways Group, Inc. *	75,300		1,976,625
			12,981,650
Aluminum - 1.42%
Alcoa, Inc.	230,400		9,013,248
Century Aluminum Company *	54,200		2,853,630
			11,866,878
Apparel & Textiles - 1.36%
Coach, Inc. *	32,400		1,531,548
NIKE, Inc., Class B	43,600		2,557,576
Polo Ralph Lauren Corp., Class A	93,000		7,230,750
			11,319,874
Auto Parts - 0.12%
Autoliv, Inc.	2,700		161,325
AutoZone, Inc. *	7,000		812,980
			974,305
Automobiles - 1.03%
PACCAR, Inc.	101,000		8,610,250
Banking - 2.42%
Bank of America Corp.	401,800		20,198,486
Biotechnology - 0.74%
Cephalon, Inc. *	36,200		2,644,772
Invitrogen Corp. *	14,400		1,176,912
MGI Pharma, Inc. *	83,700		2,325,186
			6,146,870
Broadcasting - 0.00%
Citadel Broadcasting Corp.	7,771		32,327
Building Materials & Construction - 0.08%
Perini Corp. *	12,200		682,346
Business Services - 2.98%
Accenture, Ltd., Class A	273,100		10,992,275
Brinks Company	28,000		1,564,640
Computer Sciences Corp. *	155,500		8,692,450
NCR Corp. *	72,300		3,600,540
			24,849,905
Cable & Television - 2.80%
Comcast Corp., Class A *	489,000		11,824,020
DIRECTV Group, Inc. *	477,900		11,603,412
			23,427,432
Cellular Communications - 0.14%
Telephone & Data Systems, Inc.	17,500		1,168,125
Chemicals - 0.77%
Cabot Corp.	21,300		756,789
Cambrex Corp.	15,500		168,795
Dow Chemical Company	100,100		4,310,306
Lubrizol Corp.	18,000		1,171,080
			6,406,970

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment - 3.94%
Agilysys, Inc. (a)	38,500	$	650,650
Apple, Inc. *	4,500		690,930
Cisco Systems, Inc. *	10,100		334,411
Hewlett-Packard Company	287,000		14,289,730
International Business Machines Corp.	143,800		16,939,640
			32,905,361
Construction Materials - 0.35%
Sherwin-Williams Company	43,900		2,884,669
Containers & Glass - 0.49%
Ball Corp.	16,100		865,375
Pactiv Corp. *	87,900		2,519,214
Sonoco Products Company	23,400		706,212
			4,090,801
Cosmetics & Toiletries - 1.14%
Colgate-Palmolive Company	26,500		1,889,980
Kimberly-Clark Corp.	108,200		7,602,132
			9,492,112
Crude Petroleum & Natural Gas - 1.45%
Devon Energy Corp.	24,900		2,071,680
Marathon Oil Corp.	47,800		2,725,556
Unit Corp. *	125,600		6,079,040
Western Refining, Inc.	31,300		1,270,154
			12,146,430
Domestic Oil - 0.61%
Frontier Oil Corp.	121,800		5,071,752
Drugs & Health Care - 0.11%
Qiagen NV * (a)	16,162		313,698
Quidel Corp. *	32,500		635,700
			949,398
Electrical Utilities - 1.42%
American Electric Power Company, Inc.	15,800		728,064
CenterPoint Energy, Inc.	74,100		1,187,823
Edison International	33,800		1,874,210
FirstEnergy Corp.	122,500		7,759,150
PG&E Corp.	7,300		348,940
			11,898,187
Electronics - 0.91%
Arrow Electronics, Inc. *	18,600		790,872
Belden, Inc.	5,300		248,623
Teleflex, Inc.	84,700		6,599,824
			7,639,319
Energy - 1.07%
Sempra Energy	154,000		8,950,480
Financial Services - 8.15%
Capital One Financial Corp.	163,300		10,848,019
Citigroup, Inc.	367,100		17,132,557
Goldman Sachs Group, Inc.	61,800		13,394,532
Interactive Data Corp.	3,800		107,160
Merrill Lynch & Company, Inc.	13,700		976,536

The accompanying notes are an integral part of the financial statements. 

32

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Morgan Stanley	197,600	$	12,448,800
Wells Fargo & Company	370,100		13,182,962
			68,090,566
Food & Beverages - 1.86%
Coca-Cola Enterprises, Inc.	375,900		9,104,298
General Mills, Inc.	73,800		4,281,138
William Wrigley Jr. Company	33,900		2,177,397
			15,562,833
Gas & Pipeline Utilities - 0.85%
Global Industries, Ltd. *	222,500		5,731,600
NiSource, Inc.	27,400		524,436
UGI Corp.	32,800		852,144
			7,108,180
Healthcare Products - 1.11%
Becton, Dickinson & Company	50,600		4,151,730
Herbalife, Ltd.	95,000		4,318,700
Kinetic Concepts, Inc. *	14,300		804,804
			9,275,234
Healthcare Services - 3.05%
Alliance Imaging, Inc. *	41,000		371,460
Amedisys, Inc. *	1		39
Apria Healthcare Group, Inc. *	11,900		309,519
Coventry Health Care, Inc. *	97,600		6,071,696
Health Net, Inc. *	30,500		1,648,525
Humana, Inc. *	120,200		8,399,576
Medco Health Solutions, Inc. *	64,000		5,784,960
WellCare Health Plans, Inc. *	27,100		2,857,153
			25,442,928
Holdings Companies/Conglomerates - 1.09%
General Electric Company	220,000		9,108,000
Homebuilders - 0.32%
NVR, Inc. *	5,600		2,633,400
Hotels & Restaurants - 2.10%
McDonald's Corp.	236,800		12,898,496
Yum! Brands, Inc.	137,600		4,655,008
			17,553,504
Household Appliances - 0.08%
The Toro Company	11,400		670,662
Industrial Machinery - 0.36%
Caterpillar, Inc.	17,400		1,364,682
Intevac, Inc. *	106,800		1,623,360
			2,988,042
Insurance - 4.09%
ACE, Ltd.	119,400		7,232,058
Aetna, Inc.	172,700		9,372,429
Allied World Assurance Holdings, Ltd.	38,300		1,988,153
Arch Capital Group, Ltd. *	13,900		1,034,299
Philadelphia Consolidated Holding Corp. *	17,100		706,914
The Travelers Companies, Inc.	105,000		5,285,700

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
XL Capital, Ltd., Class A (a)	107,700	$	8,529,840
			34,149,393
International Oil - 5.52%
Chevron Corp.	191,700		17,939,286
ConocoPhillips	3,100		272,087
Exxon Mobil Corp.	175,200		16,216,512
Hess Corp.	109,800		7,304,994
Noble Corp.	78,800		3,865,140
Parker Drilling Company *	63,300		513,996
			46,112,015
Internet Content - 1.11%
Google, Inc., Class A *	13,300		7,544,691
Yahoo!, Inc. *	63,400		1,701,656
			9,246,347
Internet Retail - 0.24%
eBay, Inc. *	52,100		2,032,942
Internet Software - 0.10%
Symantec Corp. *	42,400		821,712
Leisure Time - 0.01%
Vail Resorts, Inc. *	800		49,832
Manufacturing - 1.43%
Honeywell International, Inc.	201,500		11,983,205
Metal & Metal Products - 0.11%
USEC, Inc. *	85,900		880,475
Mining - 0.79%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	62,600		6,566,114
Paper - 0.02%
Buckeye Technologies, Inc. *	11,500		174,110
Petroleum Services - 3.06%
Atwood Oceanics, Inc. *	2,000		153,120
ENSCO International, Inc.	84,300		4,729,230
GlobalSantaFe Corp.	21,700		1,649,634
Superior Energy Services, Inc. *	61,900		2,193,736
Tesoro Corp.	119,800		5,513,196
Transocean, Inc. *	81,400		9,202,270
Valero Energy Corp.	31,500		2,116,170
			25,557,356
Pharmaceuticals - 6.77%
Bristol-Myers Squibb Company	427,400		12,317,668
Caraco Pharmaceutical Labs *	4,500		68,625
Eli Lilly & Company	216,700		12,336,731
Endo Pharmaceutical Holdings, Inc. *	33,500		1,038,835
Gilead Sciences, Inc. *	252,700		10,327,849
Merck & Company, Inc.	86,300		4,460,847
Noven Pharmaceuticals, Inc. * (a)	27,700		441,261
Par Pharmaceutical Companies, Inc. *	11,700		217,152
Schering-Plough Corp.	346,900		10,972,447
Sepracor, Inc. *	142,700		3,924,250

The accompanying notes are an integral part of the financial statements. 

33

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
ViroPharma, Inc. * (a)	52,600	$	468,140
			56,573,805
Real Estate - 1.44%
Apartment Investment & Management
Company, Class A, REIT	6,000		270,780
Equity Residential, REIT	37,900		1,605,444
Health Care REIT, Inc. (a)	17,000		752,080
Hospitality Properties Trust, REIT	20,100		817,065
Liberty Property Trust, REIT	19,300		776,053
ProLogis, REIT	30,500		2,023,675
Public Storage, Inc., REIT	3,300		259,545
Regency Centers Corp., REIT	15,800		1,212,650
Simon Property Group, Inc., REIT	21,500		2,150,000
Vornado Realty Trust, REIT	19,400		2,121,390
			11,988,682
Retail Grocery - 1.22%
The Kroger Company	356,500		10,167,380
Retail Trade - 2.85%
Big Lots, Inc. *	43,700		1,304,008
BJ's Wholesale Club, Inc. *	222,300		7,371,468
Dick's Sporting Goods, Inc. *	21,000		1,410,150
Family Dollar Stores, Inc.	269,900		7,168,544
RadioShack Corp.	319,100		6,592,606
			23,846,776
Semiconductors - 2.18%
Analog Devices, Inc.	211,000		7,629,760
Emulex Corp. *	66,900		1,282,473
MEMC Electronic Materials, Inc. *	7,900		464,994
Micrel, Inc.	37,400		403,920
National Semiconductor Corp.	202,500		5,491,800
Teradyne, Inc. *	213,800		2,950,440
			18,223,387
Software - 2.64%
Microsoft Corp.	707,200		20,834,112
MicroStrategy, Inc., Class A *	12,200		967,948
SPSS, Inc. *	5,300		218,042
			22,020,102
Telecommunications Equipment &
Services - 2.69%
Alaska Communications Systems Group, Inc.	3,600		52,020
Embarq Corp.	121,000		6,727,600
Verizon Communications, Inc.	355,100		15,723,828
			22,503,448
Telephone - 2.29%
AT&T, Inc.	188,800		7,988,128
CenturyTel, Inc.	70,000		3,235,400
U.S. Cellular Corp. *	45,500		4,468,100
Windstream Corp.	245,400		3,465,048
			19,156,676

All Cap Core Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Tobacco - 1.04%
Altria Group, Inc.		110,000	$	7,648,300
Loews Corp. - Carolina Group		13,100		1,077,213
				8,725,513
Trucking & Freight - 1.00%
Ryder Systems, Inc.		169,800		8,320,200
TOTAL COMMON STOCKS (Cost $721,951,292)			$	747,637,698
SHORT TERM INVESTMENTS - 1.10%
John Hancock Cash Investment Trust (c)	$	5,455,854	$	5,455,854
U.S. Treasury Bills
zero coupon due 10/18/2007		3,760,000		3,751,574
TOTAL SHORT TERM INVESTMENTS
(Cost $9,207,428)			$	9,207,428
REPURCHASE AGREEMENTS - 10.04%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$ 83,852,640 on 10/01/2007,
collateralized by $84,345,000
Federal National Mortgage
Association, 6.00% due
08/22/2016 (valued at
$85,504,744, including interest)	$	83,824,000	$	83,824,000
TOTAL REPURCHASE AGREEMENTS
(Cost $83,824,000)			$	83,824,000
Total Investments (All Cap Core Trust)
(Cost $814,982,720) - 100.65%			$	840,669,126
Liabilities in Excess of Other Assets - (0.65)%				(5,411,640)
TOTAL NET ASSETS - 100.00%			$	835,257,486
All Cap Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.48%
Aerospace - 6.56%
Boeing Company		42,446	$	4,456,405
General Dynamics Corp.		68,791		5,810,776
Spirit Aerosystems Holdings, Inc., Class A *		194,286		7,565,497
United Technologies Corp.		99,816		8,033,192
				25,865,870
Apparel & Textiles - 1.81%
Carter's, Inc. *		21,655		432,017
Coach, Inc. *		81,229		3,839,695
Phillips-Van Heusen Corp.		54,468		2,858,481
				7,130,193
Biotechnology - 0.19%
Biogen Idec, Inc. *		11,524		764,387

The accompanying notes are an integral part of the financial statements. 

34

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Broadcasting - 1.40%
Grupo Televisa SA, SADR *	228,609	$	5,525,480
Building Materials & Construction - 2.53%
Chicago Bridge & Iron Company N.V.	75,713		3,260,202
Foster Wheeler, Ltd. *	51,069		6,704,338
			9,964,540
Business Services - 1.60%
Accenture, Ltd., Class A	157,034		6,320,619
Cellular Communications - 2.43%
America Movil SA de CV, Series L, ADR	61,721		3,950,144
China Mobile, Ltd.	343,500		5,623,863
			9,574,007
Chemicals - 1.46%
Syngenta AG *	26,727		5,746,757
Commercial Services - 0.87%
CB Richard Ellis Group, Inc. *	122,792		3,418,529
Computers & Business Equipment - 12.25%
Apple, Inc. *	76,746		11,783,581
Cisco Systems, Inc. *	375,317		12,426,746
Dell, Inc. *	344,574		9,510,242
Hewlett-Packard Company	117,043		5,827,571
Micros Systems, Inc. *	44,061		2,867,049
Research In Motion, Ltd. *	60,007		5,913,690
			48,328,879
Construction & Mining Equipment - 1.52%
National Oilwell Varco, Inc. *	41,590		6,009,755
Cosmetics & Toiletries - 0.77%
Colgate-Palmolive Company	42,671		3,043,296
Crude Petroleum & Natural Gas - 1.11%
Occidental Petroleum Corp.	68,500		4,389,480
Educational Services - 1.49%
Apollo Group, Inc., Class A *	97,679		5,875,392
Electrical Equipment - 1.54%
Emerson Electric Company	114,362		6,086,346
Electronics - 1.59%
Amphenol Corp., Class A	118,522		4,712,435
Trimble Navigation, Ltd. *	39,760		1,558,989
			6,271,424
Energy - 2.07%
McDermott International, Inc. *	151,126		8,172,894
Financial Services - 7.05%
Ameriprise Financial, Inc.	85,604		5,402,468
Goldman Sachs Group, Inc.	49,216		10,667,076
JP Morgan Chase & Company	176,771		8,099,647
Merrill Lynch & Company, Inc.	51,214		3,650,534
			27,819,725
Healthcare Products - 0.99%
Zimmer Holdings, Inc. *	48,442		3,923,318

All Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services - 5.62%
Express Scripts, Inc. *	69,693	$	3,890,263
Health Net, Inc. *	142,703		7,713,097
McKesson Corp.	75,738		4,452,637
UnitedHealth Group, Inc.	126,259		6,114,724
			22,170,721
Hotels & Restaurants - 0.73%
Darden Restaurants, Inc.	68,940		2,885,828
Household Products - 1.67%
The Clorox Company	108,310		6,605,827
Industrial Machinery - 4.14%
Cameron International Corp. *	44,911		4,144,836
Grant Prideco, Inc. *	85,447		4,658,571
Komatsu, Ltd.	139,670		4,688,869
Terex Corp. *	31,880		2,837,958
			16,330,234
Industrials - 1.23%
ABB, Ltd.	185,374		4,868,777
Internet Content - 1.15%
Google, Inc., Class A *	7,987		4,530,785
Internet Retail - 4.22%
Amazon.com, Inc. *	91,300		8,504,595
eBay, Inc. *	209,136		8,160,487
			16,665,082
Leisure Time - 0.80%
Electronic Arts, Inc. *	56,300		3,152,237
Manufacturing - 0.67%
Acuity Brands, Inc.	52,410		2,645,657
Medical-Hospitals - 1.10%
VCA Antech, Inc. *	103,890		4,337,407
Metal & Metal Products - 2.45%
Precision Castparts Corp.	65,290		9,661,614
Petroleum Services - 1.25%
Valero Energy Corp.	73,528		4,939,611
Pharmaceuticals - 7.27%
Abbott Laboratories	70,153		3,761,604
Celgene Corp. *	19,375		1,381,631
Gilead Sciences, Inc. *	142,444		5,821,686
Merck & Company, Inc.	172,592		8,921,281
Schering-Plough Corp.	131,269		4,152,038
Shire PLC	189,456		4,638,673
			28,676,913
Retail Trade - 6.92%
Aeropostale, Inc. *	152,591		2,908,385
DSW, Inc., Class A * (a)	81,545		2,052,488
Family Dollar Stores, Inc.	263,915		7,009,582
J.C. Penney Company, Inc.	83,746		5,306,984
Longs Drug Stores Corp.	50,048		2,485,884
Nordstrom, Inc.	78,735		3,691,884

The accompanying notes are an integral part of the financial statements. 

35

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
PetSmart, Inc.		120,109	$	3,831,477
				27,286,684
Semiconductors - 2.97%
Microchip Technology, Inc.		105,347		3,826,203
Texas Instruments, Inc.		215,956		7,901,830
				11,728,033
Software - 3.76%
Adobe Systems, Inc. *		137,531		6,004,603
Autodesk, Inc. *		79,533		3,974,264
VeriFone Holdings, Inc. *		109,409		4,850,101
				14,828,968
Telecommunications Equipment &
Services - 2.30%
Amdocs, Ltd. *		243,567		9,058,257
TOTAL COMMON STOCKS (Cost $306,407,099)			$	384,603,526
SHORT TERM INVESTMENTS - 0.22%
John Hancock Cash Investment Trust	$	884,911	$	884,911
TOTAL SHORT TERM INVESTMENTS
(Cost $884,911)			$	884,911
REPURCHASE AGREEMENTS - 2.41%
Repurchase Agreement with State
Street Corp. dated 09/30/2007 at
4.55% to be repurchased at
$9,507,604 on 10/1/2007,
collateralized by $9,325,000
Federal Home Loan Mortgage
Corp., 5.55% due 10/04/2016
(valued at $9,698,000, including
interest)	$	9,504,000	$	9,504,000
TOTAL REPURCHASE AGREEMENTS
(Cost $9,504,000)			$	9,504,000
Total Investments (All Cap Growth Trust)
(Cost $316,796,010) - 100.11%			$	394,992,437
Liabilities in Excess of Other Assets - (0.11)%				(428,963)
TOTAL NET ASSETS - 100.00%			$	394,563,474
All Cap Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.75%
Aerospace - 3.22%
Alliant Techsystems, Inc. *		12,300	$	1,344,390
Curtiss-Wright Corp.		12,600		598,500
General Dynamics Corp.		28,000		2,365,160
Moog, Inc., Class A *		7,300		320,762
				4,628,812

All Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Auto Parts - 0.06%
ArvinMeritor, Inc.	5,000	$	84,100
Banking - 1.94%
Colonial Bancgroup, Inc.	14,000		302,680
Cullen Frost Bankers, Inc.	49,765		2,494,222
			2,796,902
Biotechnology - 2.39%
Amgen, Inc. *	34,500		1,951,665
Applera Corp.	43,100		1,492,984
			3,444,649
Business Services - 2.93%
Cadence Design Systems, Inc. *	98,870		2,193,925
R.R. Donnelley & Sons Company	32,185		1,176,684
URS Corp. *	15,100		852,395
			4,223,004
Cable & Television - 0.75%
Comcast Corp., Special Class A *	44,994		1,078,056
Chemicals - 5.11%
Albemarle Corp.	7,000		309,400
Cabot Corp.	5,600		198,968
Cytec Industries, Inc.	35,400		2,421,006
Eastman Chemical Company	5,000		333,650
Hercules, Inc.	18,000		378,360
Olin Corp.	40,900		915,342
Praxair, Inc.	22,982		1,924,972
Rohm & Haas Company	15,600		868,452
			7,350,150
Commercial Services - 0.47%
Shaw Group, Inc. *	11,621		675,180
Computers & Business Equipment - 1.98%
Cisco Systems, Inc. *	25,700		850,927
Intermec, Inc. * (a)	6,100		159,332
SanDisk Corp. *	7,000		385,700
Sun Microsystems, Inc. *	258,900		1,452,429
			2,848,388
Construction & Mining Equipment - 0.47%
Carbo Ceramics, Inc. (a)	13,396		679,579
Containers & Glass - 0.70%
Ball Corp.	18,669		1,003,459
Cosmetics & Toiletries - 1.96%
International Flavors & Fragrances, Inc.	22,580		1,193,579
Procter & Gamble Company	23,206		1,632,310
			2,825,889
Crude Petroleum & Natural Gas - 2.38%
Apache Corp.	7,400		666,444
Chesapeake Energy Corp.	41,400		1,459,764
Forest Oil Corp. * (a)	16,200		697,248
Occidental Petroleum Corp.	9,400		602,352
			3,425,808

The accompanying notes are an integral part of the financial statements. 

36

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Domestic Oil - 0.78%
Range Resources Corp.	27,700	$	1,126,282
Electrical Equipment - 2.67%
Anixter International, Inc. *	19,711		1,625,172
Emerson Electric Company	25,202		1,341,251
Molex, Inc.	32,626		878,618
			3,845,041
Electrical Utilities - 2.12%
CMS Energy Corp.	30,340		510,319
PNM Resources, Inc.	23,200		540,096
The Southern Company	41,700		1,512,876
Wisconsin Energy Corp.	10,800		486,324
			3,049,615
Electronics - 2.36%
Agilent Technologies, Inc. *	36,000		1,327,680
Rogers Corp. *	18,400		757,896
Zebra Technologies Corp., Class A *	36,000		1,313,640
			3,399,216
Financial Services - 3.11%
Bank of New York Mellon Corp.	66,923		2,953,981
Citigroup, Inc.	22,522		1,051,102
GATX Corp.	10,900		465,975
			4,471,058
Food & Beverages - 3.26%
Coca-Cola Enterprises, Inc.	49,100		1,189,202
Diageo PLC, SADR	16,400		1,438,772
PepsiCo, Inc.	28,121		2,060,145
			4,688,119
Gas & Pipeline Utilities - 2.80%
AGL Resources, Inc.	8,300		328,846
El Paso Corp.	57,200		970,684
Nicor, Inc.	12,600		540,540
Spectra Energy Corp.	42,300		1,035,504
UGI Corp.	44,500		1,156,110
			4,031,684
Gold - 1.92%
Barrick Gold Corp.	68,445		2,756,965
Healthcare Products - 0.24%
Patterson Companies, Inc. *	9,000		347,490
Healthcare Services - 3.25%
DaVita, Inc. *	23,500		1,484,730
IMS Health, Inc.	62,400		1,911,936
Quest Diagnostics, Inc.	22,110		1,277,295
			4,673,961
Holdings Companies/Conglomerates - 5.68%
Berkshire Hathaway, Inc., Class B *	650		2,568,800
General Electric Company	135,321		5,602,289
			8,171,089
Household Products - 0.46%
Fortune Brands, Inc.	8,200		668,218

All Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial Machinery - 2.46%
Caterpillar, Inc.	20,800	$	1,631,344
IDEX Corp.	29,983		1,091,081
Kennametal, Inc.	9,700		814,606
			3,537,031
Insurance - 2.52%
American International Group, Inc.	23,700		1,603,305
Chubb Corp.	11,600		622,224
Hartford Financial Services Group, Inc.	15,200		1,406,760
			3,632,289
International Oil - 6.37%
Chevron Corp.	13,900		1,300,762
EnCana Corp. (a)	22,400		1,385,440
Exxon Mobil Corp.	70,109		6,489,289
			9,175,491
Internet Software - 0.77%
McAfee, Inc. *	31,601		1,101,927
Life Sciences - 0.15%
PerkinElmer, Inc.	7,400		216,154
Liquor - 0.71%
Anheuser-Busch Companies, Inc.	2,900		144,971
Brown Forman Corp., Class B	11,700		876,447
			1,021,418
Manufacturing - 6.17%
AptarGroup, Inc.	22,400		848,288
Carlisle Companies, Inc.	119,646		5,814,796
Eaton Corp.	7,610		753,694
Hexcel Corp. * (a)	29,700		674,487
Honeywell International, Inc.	13,400		796,898
			8,888,163
Metal & Metal Products - 1.19%
Quanex Corp.	36,439		1,711,904
Mining - 0.34%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	4,700		492,983
Petroleum Services - 2.32%
BJ Services Company	48,200		1,279,710
Exterran Holdings, Inc. *	4,290		344,658
Halliburton Company	29,242		1,122,893
Superior Energy Services, Inc. *	16,700		591,848
			3,339,109
Pharmaceuticals - 7.19%
Abbott Laboratories	60,200		3,227,924
Eli Lilly & Company	37,500		2,134,875
Medicis Pharmaceutical Corp., Class A (a)	4,700		143,397
Mylan Laboratories, Inc.	22,702		362,324
Onyx Pharmaceuticals, Inc. *	12,300		535,296
Schering-Plough Corp.	66,896		2,115,920
Teva Pharmaceutical Industries, Ltd., SADR	41,300		1,836,611
			10,356,347

The accompanying notes are an integral part of the financial statements. 

37

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Railroads & Equipment - 0.29%
Burlington Northern Santa Fe Corp.		5,100	$	413,967
Retail Grocery - 1.08%
The Kroger Company		54,366		1,550,518
Retail Trade - 1.82%
Costco Wholesale Corp.		28,000		1,718,360
Macy's, Inc.		26,020		840,966
MSC Industrial Direct Company, Inc., Class A		1,220		61,720
				2,621,046
Semiconductors - 0.75%
Micron Technology, Inc. *		24,800		275,280
Texas Instruments, Inc.		21,800		797,662
				1,072,942
Steel - 1.41%
Carpenter Technology Corp.		15,600		2,028,156
Telecommunications Equipment &
Services - 2.33%
Corning, Inc.		95,900		2,363,935
JDS Uniphase Corp. *		40,800		610,368
Tellabs, Inc. *		39,503		376,069
				3,350,372
Telephone - 3.30%
AT&T, Inc.		103,877		4,395,036
Qwest Communications International, Inc. *		39,500		361,820
				4,756,856
Transportation - 0.24%
Bristow Group, Inc. *		7,800		340,938
Trucking & Freight - 2.33%
Oshkosh Truck Corp.		54,200		3,358,774
TOTAL COMMON STOCKS (Cost $122,801,327)			$	139,259,099
SHORT TERM INVESTMENTS - 2.72%
John Hancock Cash Investment Trust (c)	$	3,911,390	$	3,911,390
TOTAL SHORT TERM INVESTMENTS
(Cost $3,911,390)			$	3,911,390
REPURCHASE AGREEMENTS - 1.48%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$ 2,128,727 on 10/01/2007,
collateralized by $2,145,000
Federal National Mortgage
Association, 6.00% due
08/29/2016 (valued at $2,171,813,
including interest)	$	2,128,000	$	2,128,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,128,000)			$	2,128,000

Total Investments (All Cap Value Trust)
(Cost $128,840,717) - 100.95%		$	145,298,489
Liabilities in Excess of Other Assets - (0.95)%			(1,365,821)
TOTAL NET ASSETS - 100.00%		$	143,932,668
American Asset Allocation Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Asset Allocation Trust - Class 1	15,724,726	$	306,632,154
TOTAL INVESTMENT COMPANIES (Cost $301,357,980)		$	306,632,154
Total Investments (American Asset Allocation Trust)
(Cost $301,357,980) - 100.00%		$	306,632,154
Liabilities in Excess of Other Assets - 0.00%			(2,237)
TOTAL NET ASSETS - 100.00%		$	306,629,917
American Blue Chip Income & Growth Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.01%
American Funds Insurance Series - 100.01%
American Blue Chip Income & Growth Trust -
Class 2	15,722,471	$	195,273,086
TOTAL INVESTMENT COMPANIES (Cost $159,494,817)		$	195,273,086
Total Investments (American Blue Chip Income & Growth		$	195,273,086
Trust) (Cost $159,494,817) - 100.01%
Liabilities in Excess of Other Assets - (0.01)%			(18,252)
TOTAL NET ASSETS - 100.00%		$	195,254,834
American Bond Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Bond Trust, Class 2	79,715,001	$	911,142,462
TOTAL INVESTMENT COMPANIES (Cost $903,385,058)		$	911,142,462
Total Investments (American Bond Trust)
(Cost $903,385,058) - 100.00%		$	911,142,462
Liabilities in Excess of Other Assets - 0.00%			(26,297)
TOTAL NET ASSETS - 100.00%		$	911,116,165

The accompanying notes are an integral part of the financial statements. 

38

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

American Global Growth Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Global Growth Trust - Class 1	4,855,055	$	123,609,690
TOTAL INVESTMENT COMPANIES (Cost $119,782,961)		$	123,609,690
Total Investments (American Global Growth Trust)
(Cost $119,782,961) - 100.00%		$	123,609,690
Liabilities in Excess of Other Assets - 0.00%			(5,456)
TOTAL NET ASSETS - 100.00%		$	123,604,234
American Global Small Capitalization Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.01%
American Funds Insurance Series - 100.01%
American Global Small Capitalization Trust -
Class 1	1,915,502	$	55,185,603
TOTAL INVESTMENT COMPANIES (Cost $53,379,011)		$	55,185,603
Total Investments (American Global Small Capitalization		$	55,185,603
Trust) (Cost $53,379,011) - 100.01%
Liabilities in Excess of Other Assets - (0.01)%			(7,476)
TOTAL NET ASSETS - 100.00%		$	55,178,127
American Growth-Income Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Growth-Income Trust - Class 2	33,245,694	$	1,502,040,448
TOTAL INVESTMENT COMPANIES (Cost $1,234,302,755)		$	1,502,040,448
Total Investments (American Growth-Income Trust)
(Cost $1,234,302,755) - 100.00%		$	1,502,040,448
Liabilities in Excess of Other Assets - 0.00%			(45,913)
TOTAL NET ASSETS - 100.00%		$	1,501,994,535
American Growth Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Growth Trust - Class 2	26,850,793	$	1,860,759,953
TOTAL INVESTMENT COMPANIES (Cost $1,450,434,120)		$	1,860,759,953

Total Investments (American Growth Trust)
(Cost $1,450,434,120) - 100.00%		$	1,860,759,953
Liabilities in Excess of Other Assets - 0.00%			(53,393)
TOTAL NET ASSETS - 100.00%		$	1,860,706,560
American High-Income Bond Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.02%
American Funds Insurance Series - 100.02%
American High Income Bond Trust - Class 1	2,114,409	$	26,578,115
TOTAL INVESTMENT COMPANIES (Cost $26,799,836)		$	26,578,115
Total Investments (American High-Income Bond Trust)
(Cost $26,799,836) - 100.02%		$	26,578,115
Liabilities in Excess of Other Assets - (0.02)%			(6,105)
TOTAL NET ASSETS - 100.00%		$	26,572,010
American International Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American International Trust - Class 2	50,957,273	$	1,255,077,639
TOTAL INVESTMENT COMPANIES (Cost $923,206,620)		$	1,255,077,639
Total Investments (American International Trust)
(Cost $923,206,620) - 100.00%		$	1,255,077,639
Liabilities in Excess of Other Assets - 0.00%			(40,948)
TOTAL NET ASSETS - 100.00%		$	1,255,036,691
American New World Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.02%
American Funds Insurance Series - 100.02%
American New World Trust - Class 1	1,642,340	$	40,894,272
TOTAL INVESTMENT COMPANIES (Cost $38,858,821)		$	40,894,272
Total Investments (American New World Trust)
(Cost $38,858,821) - 100.02%		$	40,894,272
Liabilities in Excess of Other Assets - (0.02)%			(8,369)
TOTAL NET ASSETS - 100.00%		$	40,885,903

The accompanying notes are an integral part of the financial statements. 

39

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Blue Chip Growth Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.22%
Advertising - 0.82%
Monster Worldwide, Inc. *	327,000	$	11,137,620
Omnicom Group, Inc.	294,100		14,143,269
			25,280,889
Aerospace - 2.14%
General Dynamics Corp.	441,274		37,274,415
Lockheed Martin Corp.	10,100		1,095,749
Rockwell Collins, Inc.	140,299		10,247,439
United Technologies Corp.	213,200		17,158,336
			65,775,939
Agriculture - 1.13%
Monsanto Company	403,804		34,622,155
Apparel & Textiles - 0.84%
Coach, Inc. *	545,400		25,781,058
Banking - 0.86%
Northern Trust Corp.	398,589		26,414,493
Biotechnology - 1.30%
Genentech, Inc. *	510,922		39,862,135
Broadcasting - 0.27%
Discovery Holding Company *	102,600		2,960,010
Grupo Televisa SA, SADR *	218,300		5,276,311
			8,236,321
Building Materials & Construction - 0.67%
Foster Wheeler, Ltd. *	157,500		20,676,600
Business Services - 1.59%
Accenture, Ltd., Class A	320,800		12,912,200
Automatic Data Processing, Inc.	782,781		35,953,131
			48,865,331
Cable & Television - 1.22%
Rogers Communications, Inc. (a)	663,968		30,230,463
Shaw Communications Inc * (a)	146,300		3,634,092
Viacom, Inc., Class B *	94,610		3,686,952
			37,551,507
Cellular Communications - 1.62%
America Movil SA de CV, Series L, ADR	686,451		43,932,864
Metropcs Communications, Inc. * (a)	220,100		6,004,328
			49,937,192
Computers & Business Equipment - 7.66%
Apple, Inc. *	374,900		57,562,146
Cisco Systems, Inc. *	1,904,618		63,061,902
Dell, Inc. *	768,473		21,209,855
EMC Corp. *	1,172,252		24,382,841
Hewlett-Packard Company	269,000		13,393,510
Juniper Networks, Inc. *	1,307,121		47,853,700
Network Appliance, Inc. *	300,900		8,097,219
			235,561,173
Cosmetics & Toiletries - 1.28%
Procter & Gamble Company	560,874		39,451,877

Blue Chip Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Crude Petroleum & Natural Gas - 0.06%
EOG Resources, Inc.	24,700	$	1,786,551
Sunoco, Inc.	2,500		176,950
			1,963,501
Drugs & Health Care - 0.37%
Novartis AG	24,966		1,374,108
Wyeth	227,454		10,133,076
			11,507,184
Educational Services - 0.07%
Apollo Group, Inc., Class A *	33,300		2,002,995
Electronics - 0.19%
Thermo Fisher Scientific, Inc. *	98,700		5,696,964
Energy - 0.47%
McDermott International, Inc. *	266,000		14,385,280
Financial Services - 13.14%
American Express Company	690,252		40,980,261
Ameriprise Financial, Inc.	247,851		15,641,877
Bank of New York Mellon Corp.	349,461		15,425,209
Charles Schwab Corp.	1,317,586		28,459,858
Citigroup, Inc.	703,217		32,819,137
CME Group, Inc. (a)	26,300		15,447,305
Countrywide Financial Corp.	61,700		1,172,917
Discover Financial Services *	233,950		4,866,160
Franklin Resources, Inc.	366,265		46,698,788
Goldman Sachs Group, Inc. (a)	184,876		40,070,024
IntercontinentalExchange, Inc. *	2,500		379,750
Legg Mason, Inc.	54,270		4,574,418
MasterCard, Inc., Class A	6,400		947,008
Merrill Lynch & Company, Inc.	182,590		13,015,015
Morgan Stanley	588,600		37,081,800
State Street Corp.	803,435		54,762,130
UBS AG	601,998		32,282,584
Wells Fargo & Company	546,192		19,455,359
			404,079,600
Food & Beverages - 0.65%
PepsiCo, Inc.	226,004		16,557,053
Sysco Corp.	99,495		3,541,027
			20,098,080
Healthcare Products - 3.69%
Alcon, Inc.	115,200		16,579,584
Baxter International, Inc.	135,700		7,637,196
Medtronic, Inc.	672,636		37,943,397
St. Jude Medical, Inc. *	563,136		24,817,403
Stryker Corp.	345,979		23,789,516
Zimmer Holdings, Inc. *	34,700		2,810,353
			113,577,449
Healthcare Services - 4.24%
Cardinal Health, Inc.	182,995		11,442,677
Express Scripts, Inc. *	340,000		18,978,800
Humana, Inc. *	205,500		14,360,340
Laboratory Corp. of America Holdings *	165,200		12,923,596

The accompanying notes are an integral part of the financial statements. 

40

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Blue Chip Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services (continued)
Medco Health Solutions, Inc. *	265,600	$	24,007,584
UnitedHealth Group, Inc.	320,859		15,539,202
WellPoint, Inc. *	419,872		33,136,298
			130,388,497
Holdings Companies/Conglomerates - 3.65%
General Electric Company	2,713,801		112,351,361
Hotels & Restaurants - 1.87%
Marriott International, Inc., Class A	486,388		21,143,287
McDonald's Corp.	110,000		5,991,700
Wynn Resorts, Ltd. * (a)	193,127		30,429,090
			57,564,077
Insurance - 3.74%
Aetna, Inc.	602,148		32,678,572
American International Group, Inc.	583,574		39,478,781
Hartford Financial Services Group, Inc.	119,484		11,058,244
Prudential Financial, Inc.	326,800		31,889,144
			115,104,741
International Oil - 1.82%
Exxon Mobil Corp.	384,638		35,602,093
Murphy Oil Corp.	289,158		20,209,253
			55,811,346
Internet Content - 2.53%
Google, Inc., Class A *	137,166		77,810,157
Internet Retail - 3.07%
Amazon.com, Inc. *	690,389		64,309,735
eBay, Inc. *	774,535		30,222,356
			94,532,091
Leisure Time - 1.83%
Electronic Arts, Inc. *	458,500		25,671,415
International Game Technology	226,402		9,757,926
Las Vegas Sands Corp. *	76,500		10,206,630
MGM MIRAGE *	117,800		10,536,032
			56,172,003
Manufacturing - 2.82%
Danaher Corp.	859,663		71,102,727
Illinois Tool Works, Inc.	261,274		15,582,381
			86,685,108
Mining - 0.97%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	285,100		29,904,139
Petroleum Services - 6.63%
Baker Hughes, Inc.	439,059		39,677,762
Schlumberger, Ltd. (a)	814,692		85,542,660
Smith International, Inc.	778,272		55,568,621
Total SA, ADR	286,708		23,231,949
			204,020,992
Pharmaceuticals - 5.61%
Allergan, Inc.	342,700		22,093,869
Celgene Corp. *	413,900		29,515,209

Blue Chip Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Eli Lilly & Company		150,700	$	8,579,351
Gilead Sciences, Inc. * (a)		1,125,562		46,001,719
Merck & Company, Inc.		363,400		18,784,146
Roche Holdings AG		134,395		24,303,580
Schering-Plough Corp.		738,600		23,361,918
				172,639,792
Publishing - 0.03%
McGraw-Hill Companies, Inc.		17,600		896,016
Retail Trade - 5.63%
Bed Bath & Beyond, Inc. *		322,400		11,000,288
CVS Caremark Corp.		1,454,267		57,632,601
Home Depot, Inc.		370,848		12,030,309
Kohl's Corp. *		711,530		40,792,015
Target Corp.		571,322		36,318,939
Wal-Mart Stores, Inc.		351,264		15,332,674
				173,106,826
Semiconductors - 4.99%
Analog Devices, Inc.		562,343		20,334,323
Applied Materials, Inc.		49,500		1,024,650
ASML Holding N.V. *		450,500		14,803,430
Broadcom Corp., Class A *		125,300		4,565,932
Intel Corp.		1,002,092		25,914,099
Marvell Technology Group, Ltd. * (a)		1,434,610		23,484,566
Maxim Integrated Products, Inc.		518,272		15,211,283
Texas Instruments, Inc.		648,018		23,710,979
Xilinx, Inc.		932,625		24,378,817
				153,428,079
Software - 4.65%
Adobe Systems, Inc. *		394,275		17,214,047
Autodesk, Inc. *		431,800		21,577,046
Intuit, Inc. *		384,222		11,641,927
Microsoft Corp.		2,368,040		69,762,458
Oracle Corp. *		1,058,962		22,926,527
				143,122,005
Telecommunications Equipment &
Services - 4.13%
American Tower Corp., Class A *		952,338		41,464,796
Corning, Inc.		600,915		14,812,555
Ericsson LM, Series B		3,030,600		12,074,663
Nokia Oyj, SADR		1,005,428		38,135,884
QUALCOMM, Inc.		482,477		20,389,478
				126,877,376
Telephone - 0.63%
AT&T, Inc.		456,600		19,318,746
Transportation - 0.34%
Expeditors International of Washington, Inc.		220,900		10,448,570
TOTAL COMMON STOCKS (Cost $2,277,282,084)			$	3,051,509,645
SHORT TERM INVESTMENTS - 3.26%
John Hancock Cash Investment Trust	$	89,813,204	$	89,813,204

The accompanying notes are an integral part of the financial statements. 

41

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Blue Chip Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
T. Rowe Price Reserve Investment
Fund	$	10,567,317	$	10,567,317
TOTAL SHORT TERM INVESTMENTS
(Cost $100,380,521)			$	100,380,521
REPURCHASE AGREEMENTS - 0.06%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$ 2,000,683 on 10/01/2007,
collateralized by $210,000 Federal
Home Loan Mortgage Corp.,
5.625% due 11/23/2035 (valued at
$208,015, including interest) and
$1,790,000 Federal Home Loan
Mortgage Corp., 4.75% due
11/03/2009 (valued at $1,836,988,
including interest)	$	2,000,000	$	2,000,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,000,000)			$	2,000,000
Total Investments (Blue Chip Growth Trust)
(Cost $2,379,662,605) - 102.54%			$	3,153,890,166
Liabilities in Excess of Other Assets - (2.54)%				(78,271,113)
TOTAL NET ASSETS - 100.00%			$	3,075,619,053
Total Bond Market Trust A
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 28.86%
U.S. Treasury Bonds - 4.79%
4.75% due 02/15/2037	$	4,215,000	$	4,156,715
7.875% due 02/15/2021		300,000		389,203
9.25% due 02/15/2016		2,150,000		2,853,622
				7,399,540
U.S. Treasury Notes - 24.07%
3.375% due 09/15/2009		5,050,000		4,995,950
3.875% due 05/15/2010		3,568,000		3,557,685
4.125% due 08/31/2012		6,510,000		6,480,502
4.50% due 04/30/2012		4,513,000		4,568,356
4.625% due 07/31/2009		160,000		161,837
4.75% due 11/15/2008 to 08/15/2017		17,234,000		17,441,754
				37,206,084
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $44,179,429)			$	44,605,624
U.S. GOVERNMENT AGENCY OBLIGATIONS - 48.42%
Federal Home Loan Bank - 4.56%
3.875% due 01/15/2010 to 06/14/2013		2,725,000		2,638,260
6.00% due 10/01/2036		4,397,990		4,404,008
				7,042,268

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp. - 7.68%
4.25% due 07/15/2009	$	3,300,000	$	3,290,575
5.75% due 04/15/2008		1,100,000		1,105,110
5.86% due 02/01/2037 (b)		2,898,896		2,922,907
6.00% due 06/15/2011		1,250,000		1,312,948
6.041% due 08/01/2037 (b)		3,058,680		3,095,752
6.25% due 07/15/2032		120,000		136,338
				11,863,630
Federal National Mortgage
Association - 36.18%
4.375% due 10/15/2015		2,850,000		2,761,952
4.50% due 04/01/2021		1,994,821		1,920,822
5.00% due 06/01/2018 to 07/01/2036		10,138,801		9,740,507
5.50% due 08/01/2017 to 04/01/2037		20,104,605		19,734,179
5.51% due 04/01/2036 (b)		965,130		972,670
5.708% due 04/01/2037 (b)		3,788,650		3,825,334
6.00% due 08/01/2034 to 03/01/2037		9,998,909		10,020,596
6.125% due 03/15/2012		1,275,000		1,352,613
6.375% due 06/15/2009		2,200,000		2,269,575
6.50% due 07/01/2036		1,182,381		1,204,077
6.625% due 11/15/2030		100,000		117,832
7.125% due 06/15/2010		1,750,000		1,868,652
7.25% due 05/15/2030		100,000		125,980
				55,914,789
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $74,598,913)			$	74,820,687
FOREIGN GOVERNMENT OBLIGATIONS - 0.65%
Canada - 0.23%
Government of Canada
5.25% due 11/05/2008		150,000		151,514
5.75% due 02/15/2009		200,000		203,505
				355,019
Italy - 0.31%
Italy Government International Bond
4.50% due 01/21/2015		500,000		482,491
Mexico - 0.11%
Government of Mexico
9.875% due 02/01/2010		150,000		166,875
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $1,001,855)			$	1,004,385
CORPORATE BONDS - 18.30%
Aerospace - 0.26%
Northrop Grumman Corp.
7.75% due 03/01/2016		350,000		397,892
Agriculture - 0.22%
Archer-Daniels-Midland Company
7.00% due 02/01/2031		300,000		333,331
Aluminum - 0.33%
Alcoa, Inc.
5.72% due 02/23/2019		524,000		502,531

The accompanying notes are an integral part of the financial statements. 

42

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Automobiles - 0.13%
DaimlerChrysler North America Holding
7.20% due 09/01/2009	$	200,000	$	207,170
Banking - 2.59%
BAC Capital Trust XI
6.625% due 05/23/2036		350,000		356,166
Bank of America Corp.
5.375% due 09/11/2012		260,000		261,406
5.42% due 03/15/2017		499,000		485,170
7.80% due 02/15/2010		300,000		317,210
Bank One Corp.
7.875% due 08/01/2010		550,000		588,458
KFW International Finance, Inc.
3.25% due 03/30/2009		150,000		147,726
Royal Bank of Scotland Group PLC
5.00% due 11/12/2013		300,000		301,613
US Bank NA, Series BKNT
6.375% due 08/01/2011		400,000		416,599
Wachovia Corp.
5.625% due 12/15/2008		600,000		602,527
Wells Fargo Bank NA
6.45% due 02/01/2011		500,000		518,887
				3,995,762
Building Materials & Construction - 0.34%
CRH America, Inc.
6.00% due 09/30/2016		540,000		524,683
Cable & Television - 0.95%
Comcast Corp.
5.90% due 03/15/2016		400,000		397,912
Cox Communications, Inc.
4.625% due 01/15/2010		200,000		197,633
Time Warner, Inc.
6.50% due 11/15/2036		340,000		328,024
7.25% due 10/15/2017		400,000		425,515
Viacom, Inc.
6.875% due 04/30/2036		125,000		124,479
				1,473,563
Chemicals - 0.13%
E.I. Du Pont de Nemours & Company
6.50% due 01/15/2028		200,000		206,614
Computers & Business Equipment - 0.36%
Cisco Systems, Inc.
5.25% due 02/22/2011		350,000		353,256
International Business Machines Corp.
4.25% due 09/15/2009		200,000		198,738
				551,994
Domestic Oil - 0.27%
Devon Financing Corp., ULC
6.875% due 09/30/2011		400,000		422,838
Electrical Utilities - 0.96%
Constellation Energy Group
7.60% due 04/01/2032		365,000		407,210
Duke Energy Corp.
5.625% due 11/30/2012		400,000		405,463

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
FirstEnergy Corp.
7.375% due 11/15/2031	$	250,000	$	273,582
Indiana Michigan Power Company
6.05% due 03/15/2037		250,000		238,837
Ontario Electricity Financial Corp.
6.10% due 01/30/2008		150,000		150,765
				1,475,857
Electronics - 0.13%
Tyco Electronics Group SA
6.00% due 10/01/2012		205,000		207,489
Financial Services - 4.39%
American Express Company
4.875% due 07/15/2013		500,000		480,929
Bear Stearns Companies, Inc.
5.70% due 11/15/2014		500,000		489,515
6.40% due 10/02/2017		195,000		194,134
Capital One Financial Corp., Series MTN
5.70% due 09/15/2011		250,000		250,415
CIT Group, Inc.
4.00% due 05/08/2008		400,000		395,409
Citigroup, Inc.
5.00% due 09/15/2014		500,000		481,959
General Electric Capital Corp.
6.125% due 02/22/2011		750,000		772,915
Household Finance Corp.
6.375% due 11/27/2012		350,000		362,118
HSBC Finance Corp.
8.00% due 07/15/2010		700,000		751,232
International Lease Finance Corp., Series MTN
5.45% due 03/24/2011		400,000		399,769
Lehman Brothers Holdings, Inc.
6.875% due 07/17/2037		395,000		391,829
Lehman Brothers Holdings, Inc., Series MTN
5.75% due 04/25/2011		200,000		200,684
Merrill Lynch & Company, Inc.
6.875% due 11/15/2018		400,000		426,503
Morgan Stanley
6.75% due 04/15/2011		900,000		940,617
National Rural Utilities Cooperative Finance Corp.
5.75% due 08/28/2009		250,000		252,860
				6,790,888
Food & Beverages - 0.59%
Kraft Foods, Inc.
5.25% due 10/01/2013		500,000		490,668
Unilever Capital Corp.
7.125% due 11/01/2010		400,000		424,909
				915,577
Gas & Pipeline Utilities - 0.52%
Kinder Morgan Energy Partners LP
5.85% due 09/15/2012		415,000		418,497
Texas Eastern Transmission LP
6.00% due 09/15/2017		190,000		189,320

The accompanying notes are an integral part of the financial statements. 

43

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Gas & Pipeline Utilities (continued)
TransCanada PipeLines, Ltd.
5.85% due 03/15/2036	$	200,000	$	190,997
				798,814
Holdings Companies/Conglomerates - 0.32%
General Electric Company
5.00% due 02/01/2013		500,000		495,633
Industrial Machinery - 0.45%
Caterpillar, Inc.
7.25% due 09/15/2009		200,000		208,668
John Deere Capital Corp.
5.10% due 01/15/2013		500,000		492,330
				700,998
Insurance - 0.66%
Allstate Corp.
7.20% due 12/01/2009		400,000		418,450
Hartford Financial Services Group, Inc.
5.95% due 10/15/2036		230,000		218,155
Marsh & McLennan Companies, Inc.
4.85% due 02/15/2013		200,000		191,160
MetLife, Inc.
5.70% due 06/15/2035		200,000		184,805
				1,012,570
International Oil - 0.58%
Husky Energy, Inc.
6.20% due 09/15/2017		380,000		377,977
Pemex Project Funding Master Trust
7.375% due 12/15/2014		300,000		329,877
Talisman Energy, Inc.
6.25% due 02/01/2038		200,000		188,413
				896,267
Leisure Time - 0.32%
Walt Disney Company, Series MTN
5.625% due 09/15/2016		500,000		501,889
Liquor - 0.21%
Anheuser Busch Company, Inc.
9.00% due 12/01/2009		300,000		324,446
Manufacturing - 0.14%
Honeywell International, Inc.
7.50% due 03/01/2010		200,000		211,979
Petroleum Services - 0.36%
Anadarko Petroleum Corp.
3.25% due 05/01/2008		150,000		148,046
Weatherford International, Ltd.
5.50% due 02/15/2016		430,000		415,163
				563,209
Pharmaceuticals - 0.12%
AstraZeneca PLC
5.90% due 09/15/2017		190,000		192,863
Railroads & Equipment - 0.10%
Canadian National Railway Company
6.375% due 10/15/2011		150,000		155,690

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate - 0.51%
Realty Income Corp.
5.95% due 09/15/2016	$	135,000	$	131,530
Simon Property Group, LP
6.375% due 11/15/2007		150,000		150,063
Vornado Realty, LP
5.60% due 02/15/2011		500,000		499,532
				781,125
Retail - 0.87%
Federated Department Stores, Inc.
6.625% due 04/01/2011		300,000		309,231
Target Corp.
7.50% due 08/15/2010		700,000		745,100
Wal-Mart Stores, Inc.
7.55% due 02/15/2030		250,000		286,756
				1,341,087
Telecommunications Equipment &
Services - 0.63%
Deutsche Telekom International Finance BV
8.25% due 06/15/2030		250,000		306,041
SBC Communications, Inc.
5.625% due 06/15/2016		400,000		396,603
Verizon Communications, Inc.
7.375% due 09/01/2012		250,000		272,191
				974,835
Telephone - 0.59%
BellSouth Corp.
4.20% due 09/15/2009		200,000		196,948
British Telecommunications PLC
9.125% due 12/15/2030		250,000		331,051
Sprint Capital Corp.
6.875% due 11/15/2028		400,000		386,039
				914,038
Utility Service - 0.27%
Exelon Corp.
6.75% due 05/01/2011		395,000		410,595
TOTAL CORPORATE BONDS (Cost $28,620,070)			$	28,282,227
COLLATERALIZED MORTGAGE
OBLIGATIONS - 2.12%
Banc of America Commercial Mortgage, Inc.,
Series 2006-1, Class AM
5.421% due 09/10/2045 (b)		200,000		195,610
Banc of America Commercial Mortgage, Inc.,
Series 2006-3, Class A4
5.889% due 07/10/2044 (b)		1,300,000		1,331,930
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW11, Class AM
5.46% due 03/11/2039 (b)		200,000		197,450
Citigroup Commercial Mortgage Trust, Series
2006-C4, Class A1
5.72318% due 03/15/2049 (b)		519,420		526,586
Citigroup/Deutsche Bank Commercial Mortgage,
Series 2006-CD2, Class AM
5.409157% due 01/15/2046 (b)		200,000		193,928

The accompanying notes are an integral part of the financial statements. 

44

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
GS Mortgage Securities Corp. II, Series 2006-GG6,
Class AM
5.622% due 04/10/2038 (b)	$	200,000	$	198,369
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class A3B
5.447% due 05/15/2045 (b)		205,000		204,352
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C24, Class A2
5.506% due 03/15/2045 (b)		34,955		35,269
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C27, Class A1
5.405% due 07/15/2045 (b)		391,637		393,929
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $3,307,825)			$	3,277,423
ASSET BACKED SECURITIES - 0.49%
Credit-Based Asset Servicing and Securitization,
Series 2006-CB2, Class AF2
5.501% due 12/25/2036 (b)		250,000		247,952
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-2, Class A1
5.773% due 06/12/2046 (b)		331,370		334,856
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF2
5.533% due 05/25/2036 (b)		70,999		70,645
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF3
5.608% due 05/25/2036 (b)		100,000		99,260
TOTAL ASSET BACKED SECURITIES
(Cost $753,183)			$	752,713
REPURCHASE AGREEMENTS - 1.82%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$2,816,962 on 10/1/2007,
collateralized by $2,855,000
Federal National Mortgage
Association, 5.10% due
09/10/2009 (valued at $2,872,844,
including interest)	$	2,816,000	$	2,816,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,816,000)			$	2,816,000
Total Investments (Total Bond Market Trust A)
(Cost $155,277,275) - 100.66%			$	155,559,059
Liabilities in Excess of Other Assets - (0.66)%				(1,020,431)
TOTAL NET ASSETS - 100.00%			$	154,538,628

Total Bond Market Trust B
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 24.19%
U.S. Treasury Bonds - 15.72%
4.75% due 02/15/2037	$	348,000	$	343,188
5.50% due 08/15/2028		270,000		291,431
6.125% due 11/15/2027 to 08/15/2029		970,000		1,126,650
6.25% due 05/15/2030		1,300,000		1,545,375
6.625% due 02/15/2027		295,000		358,494
6.75% due 08/15/2026		775,000		950,344
7.50% due 11/15/2016		2,200,000		2,672,485
7.875% due 02/15/2021		900,000		1,167,610
8.75% due 08/15/2020		1,400,000		1,925,218
8.875% due 08/15/2017		1,550,000		2,065,375
9.25% due 02/15/2016		3,550,000		4,711,794
10.375% due 11/15/2012		3,300,000		3,325,522
11.25% due 02/15/2015		2,010,000		2,861,894
11.75% due 11/15/2014		465,000		537,475
12.00% due 08/15/2013		1,000,000		1,066,172
13.25% due 05/15/2014		1,200,000		1,369,687
				26,318,714
U.S. Treasury Notes - 8.47%
3.875% due 05/15/2010		2,050,000		2,044,073
4.50% due 04/30/2012		1,000,000		1,012,266
4.75% due 05/15/2014 to 08/15/2017		8,428,000		8,552,402
5.00% due 02/15/2011 to 08/15/2011		2,485,000		2,564,072
				14,172,813
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $41,310,614)			$	40,491,527
U.S. GOVERNMENT AGENCY OBLIGATIONS - 50.54%
Federal Home Loan Bank - 1.53%
3.875% due 01/15/2010 to 06/14/2013		2,650,000		2,567,105
Federal Home Loan Mortgage Corp. - 10.04%
4.00% due 05/01/2009		70,512		69,489
4.25% due 07/15/2009		2,650,000		2,642,432
4.50% due 05/01/2024 to 10/01/2033		573,263		536,943
5.00% due 11/01/2007 to 04/01/2024		521,950		508,621
5.50% due 02/01/2023		279,776		276,788
5.75% due 04/15/2008 to 01/15/2012		3,700,000		3,764,971
5.86% due 02/01/2037 (b)		2,898,914		2,922,926
6.00% due 01/01/2009 to 06/01/2022		1,117,593		1,169,028
6.041% due 08/01/2037 (b)		3,059,378		3,096,458
6.25% due 07/15/2032		450,000		511,268
6.50% due 11/01/2015 to 06/01/2021		227,336		233,355
6.625% due 09/15/2009		720,000		749,766
7.00% due 02/01/2016 to 04/01/2032		214,638		223,052
7.50% due 02/01/2016 to 03/01/2032		68,048		71,124
8.00% due 02/01/2030		10,764		11,403
8.50% due 10/01/2031		13,622		14,583
				16,802,207
Federal National Mortgage
Association - 36.10%
4.00% due 11/01/2010 to 08/01/2020		1,545,606		1,460,632
4.50% due 12/01/2020 to 06/01/2034		4,812,105		4,612,839
5.00% due 07/01/2020 to 12/01/2034		11,669,268		11,257,971
5.50% due 01/01/2009 to 09/01/2036		16,729,316		16,532,133

The accompanying notes are an integral part of the financial statements. 

45

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
5.51% due 04/01/2036 (b)	$	868,616	$	875,402
5.708% due 04/01/2037 (b)		5,894,915		5,951,992
6.00% due 10/01/2013 to 05/01/2035		6,752,943		6,785,436
6.125% due 03/15/2012		2,300,000		2,440,008
6.25% due 05/15/2029		415,000		465,927
6.375% due 06/15/2009		2,800,000		2,888,550
6.50% due 02/01/2015 to 02/01/2036		3,233,733		3,299,422
6.625% due 09/15/2009 to 11/15/2030		2,130,000		2,270,108
7.00% due 12/01/2012 to 10/01/2032		550,035		570,122
7.125% due 01/15/2030		209,000		259,150
7.25% due 05/15/2030		450,000		566,910
7.50% due 10/01/2015 to 08/01/2031		123,665		129,365
8.00% due 08/01/2030 to 09/01/2031		53,828		56,733
8.50% due 09/01/2030		8,060		8,655
				60,431,355
Government National Mortgage
Association - 2.57%
4.50% due 05/15/2019 to 08/15/2033		175,069		166,161
5.00% due 05/15/2018 to 06/15/2034		864,071		838,808
5.50% due 11/15/2032 to 11/15/2034		1,504,072		1,485,132
6.00% due 04/15/2017 to 07/15/2034		947,123		955,543
6.50% due 01/15/2016 to 01/15/2033		514,276		527,124
7.00% due 08/15/2029 to 05/15/2032		235,664		246,855
7.50% due 08/15/2029 to 06/15/2032		61,945		64,998
8.00% due 04/15/2031		10,245		10,900
8.50% due 09/15/2030		6,850		7,378
9.00% due 01/15/2031		4,045		4,387
				4,307,286
Tennessee Valley Authority - 0.18%
6.75% due 11/01/2025		260,000		304,523
The Financing Corp. - 0.12%
8.60% due 09/26/2019		150,000		196,177
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $84,428,496)			$	84,608,653
FOREIGN GOVERNMENT OBLIGATIONS - 2.09%
Canada - 0.50%
Government of Canada
5.25% due 11/05/2008		125,000		126,262
Province of Manitoba Canada, Series BU
9.625% due 12/01/2018		300,000		408,563
Province of Quebec Canada, Series NJ
7.50% due 07/15/2023		100,000		121,050
Province of Quebec Canada, Series NN
7.125% due 02/09/2024		150,000		176,266
				832,141
Greece - 0.24%
Republic of Greece
6.95% due 03/04/2008		405,000		409,029

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Italy - 0.31%
Republic of Italy
6.875% due 09/27/2023	$	460,000	$	514,240
Malaysia - 0.03%
Government of Malaysia
8.75% due 06/01/2009		50,000		52,948
Mexico - 0.64%
Government of Mexico
9.875% due 02/01/2010		970,000		1,079,125
South Korea - 0.37%
Republic of Korea
8.875% due 04/15/2008		600,000		612,099
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $3,385,431)		$		3,499,582
CORPORATE BONDS - 17.04%
Aerospace - 0.27%
Boeing Company
8.75% due 09/15/2031		90,000		122,380
Northrop Grumman Corp.
7.75% due 03/01/2016		75,000		85,263
United Technologies Corp.
6.10% due 05/15/2012		180,000		187,534
8.875% due 11/15/2019		50,000		63,838
				459,015
Agriculture - 0.26%
Archer-Daniels-Midland Company
7.00% due 02/01/2031		385,000		427,774
Aluminum - 0.20%
Alcan Aluminum, Ltd.
6.125% due 12/15/2033		200,000		192,053
Alcoa, Inc.
5.72% due 02/23/2019		149,000		142,895
				334,948
Automobiles - 0.40%
DaimlerChrysler North America Holding
7.20% due 09/01/2009		650,000		673,301
Banking - 1.85%
Bank of America Corp.
5.42% due 03/15/2017		300,000		291,685
Bank One Corp.
7.875% due 08/01/2010		300,000		320,977
KFW International Finance, Inc.
3.25% due 03/30/2009		500,000		492,420
Nationsbank Corp.
7.75% due 08/15/2015		400,000		445,689
Royal Bank of Scotland Group PLC
5.00% due 11/12/2013		300,000		301,613
6.40% due 04/01/2009		150,000		154,276
SMBC International Finance NV
8.50% due 06/15/2009		100,000		106,048
US Bank NA, Series BKNT
6.375% due 08/01/2011		325,000		338,487

The accompanying notes are an integral part of the financial statements. 

46

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Wachovia Corp.
5.625% due 12/15/2008	$	75,000	$	75,316
Wells Fargo Bank NA
6.45% due 02/01/2011		550,000		570,776
				3,097,287
Broadcasting - 0.47%
Clear Channel Communications, Inc.
7.65% due 09/15/2010		400,000		396,378
News America Holdings
7.70% due 10/30/2025		100,000		109,987
8.00% due 10/17/2016		250,000		284,769
				791,134
Cable & Television - 0.63%
Comcast Cable Communications
8.875% due 05/01/2017		75,000		88,553
Tele-Communications-TCI Group
7.125% due 02/15/2028		70,000		72,089
Time Warner Entertainment Company LP
8.375% due 07/15/2033		200,000		234,522
Time Warner, Inc.
7.25% due 10/15/2017		350,000		372,326
7.625% due 04/15/2031		75,000		81,576
Viacom, Inc.
6.875% due 04/30/2036		145,000		144,396
7.875% due 07/30/2030		50,000		54,101
				1,047,563
Cellular Communications - 0.51%
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		300,000		324,603
Vodafone Group PLC
7.75% due 02/15/2010		500,000		527,911
				852,514
Chemicals - 0.12%
E.I. Du Pont de Nemours & Company
6.50% due 01/15/2028		150,000		154,960
Eastman Chemical Company
7.60% due 02/01/2027		50,000		54,147
				209,107
Computers & Business Equipment - 0.42%
International Business Machines Corp.
4.25% due 09/15/2009		600,000		596,215
7.00% due 10/30/2025		100,000		110,233
				706,448
Cosmetics & Toiletries - 0.06%
Procter & Gamble Company
6.45% due 01/15/2026		100,000		105,481
Domestic Oil - 0.41%
Anadarko Finance Company, Series B
6.75% due 05/01/2011		200,000		209,072
ConocoPhillips
6.65% due 07/15/2018		50,000		53,366

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Domestic Oil (continued)
Devon Financing Corp., ULC
6.875% due 09/30/2011	$	400,000	$	422,839
				685,277
Drugs & Health Care - 0.05%
Eli Lilly & Company
7.125% due 06/01/2025		80,000		89,994
Electrical Utilities - 1.37%
Alabama Power Company
5.70% due 02/15/2033		80,000		75,029
Alabama Power Company, Series Q
5.50% due 10/15/2017		100,000		98,268
Cincinnati Gas & Electric Company
5.70% due 09/15/2012		300,000		303,633
Constellation Energy Group, Inc.
7.00% due 04/01/2012		240,000		253,315
Duke Energy Corp.
5.625% due 11/30/2012		400,000		405,463
FirstEnergy Corp.
7.375% due 11/15/2031		246,000		269,205
Hydro Quebec, Series HY
8.40% due 01/15/2022		100,000		129,248
Oncor Electric Delivery Company
6.375% due 05/01/2012		400,000		407,229
Ontario Electricity Financial Corp.
6.10% due 01/30/2008		100,000		100,510
Progress Energy, Inc.
7.10% due 03/01/2011		235,000		247,152
				2,289,052
Energy - 0.63%
CalEnergy Company, Inc.
8.48% due 09/15/2028		60,000		73,188
Niagara Mohawk Power Corp., Series G
7.75% due 10/01/2008		200,000		203,986
Norsk Hydro ASA
7.25% due 09/23/2027		75,000		85,464
Occidental Petroleum Corp.
6.75% due 01/15/2012		265,000		280,584
Sempra Energy
6.00% due 02/01/2013		400,000		410,632
				1,053,854
Financial Services - 3.69%
American Express Company
4.875% due 07/15/2013		150,000		144,279
Bear Stearns Companies, Inc.
5.70% due 11/15/2014		240,000		234,967
CIT Group, Inc.
6.00% due 04/01/2036		175,000		154,785
Citigroup, Inc.
5.00% due 09/15/2014		472,000		454,969
5.875% due 02/22/2033		190,000		181,439
6.625% due 01/15/2028		100,000		104,431
Credit Suisse First Boston USA, Inc.
6.50% due 01/15/2012		400,000		418,034

The accompanying notes are an integral part of the financial statements. 

47

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
FleetBoston Financial Corp.
6.70% due 07/15/2028	$	75,000	$	78,961
7.375% due 12/01/2009		100,000		104,882
General Electric Capital Corp.
6.125% due 02/22/2011		1,150,000		1,185,136
Goldman Sachs Group, Inc.
6.345% due 02/15/2034		160,000		149,082
7.35% due 10/01/2009		500,000		522,139
HSBC Finance Corp.
5.875% due 02/01/2009		280,000		282,144
8.00% due 07/15/2010		350,000		375,616
HSBC Holdings PLC
7.50% due 07/15/2009		150,000		156,981
Lehman Brothers Holdings, Inc.
6.875% due 07/17/2037		70,000		69,438
MBNA Corp.
5.00% due 06/15/2015		250,000		238,366
Merrill Lynch & Company, Inc.
5.45% due 07/15/2014		170,000		166,735
6.875% due 11/15/2018		120,000		127,951
Morgan Stanley
6.75% due 04/15/2011		250,000		261,282
National Rural Utilities Cooperative Finance Corp.
5.75% due 08/28/2009		700,000		708,008
Toyota Motor Credit Corp.
5.50% due 12/15/2008		60,000		60,299
				6,179,924
Food & Beverages - 0.82%
Coca-Cola Enterprises, Inc.
8.50% due 02/01/2022		100,000		123,461
ConAgra Foods, Inc.
5.819% due 06/15/2017		62,000		61,043
7.875% due 09/15/2010		167,000		179,805
9.75% due 03/01/2021		13,000		16,770
General Mills, Inc.
6.00% due 02/15/2012		250,000		255,552
Kraft Foods, Inc.
5.25% due 10/01/2013		325,000		318,935
Pepsi Bottling Group, Inc., Series B
7.00% due 03/01/2029		100,000		109,782
Sara Lee Corp.
6.25% due 09/15/2011		100,000		103,293
Unilever Capital Corp.
7.125% due 11/01/2010		200,000		212,454
				1,381,095
Industrial Machinery - 0.17%
Caterpillar, Inc.
5.30% due 09/15/2035		62,000		55,842
John Deere Capital Corp.
5.10% due 01/15/2013		170,000		167,392
6.00% due 02/15/2009		60,000		60,744
				283,978

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrials - 0.03%
Hartford Financial Services Group, Inc.
6.10% due 10/01/2041	$	50,000	$	47,931
Insurance - 0.43%
Allstate Corp.
7.20% due 12/01/2009		170,000		177,841
AXA SA
8.60% due 12/15/2030		120,000		142,818
Marsh & McLennan Companies, Inc.
4.85% due 02/15/2013		240,000		229,392
Torchmark Corp.
8.25% due 08/15/2009		100,000		105,787
Travelers Property Casualty Corp.
7.75% due 04/15/2026		50,000		58,345
				714,183
International Oil - 0.51%
Pemex Project Funding Master Trust
7.375% due 12/15/2014		260,000		285,893
Talisman Energy, Inc.
6.25% due 02/01/2038		610,000		574,662
				860,555
Liquor - 0.30%
Anheuser Busch Company, Inc.
9.00% due 12/01/2009		470,000		508,299
Manufacturing - 0.05%
Honeywell International, Inc.
7.50% due 03/01/2010		75,000		79,492
Paper - 0.08%
MeadWestvaco Corp.
6.85% due 04/01/2012		100,000		104,041
7.10% due 11/15/2009		35,000		36,404
				140,445
Petroleum Services - 0.08%
Tosco Corp.
8.125% due 02/15/2030		110,000		133,742
Pharmaceuticals - 0.27%
Schering Plough Corp.
5.55% due 12/01/2013		250,000		248,322
Wyeth
5.50% due 03/15/2013		200,000		199,592
				447,914
Railroads & Equipment - 0.24%
Canadian National Railway Company
6.375% due 10/15/2011		300,000		311,379
Union Pacific Corp.
6.625% due 02/01/2029		85,000		86,211
				397,590
Real Estate - 0.42%
Simon Property Group, LP
6.375% due 11/15/2007		700,000		700,294
Retail - 0.33%
Federated Department Stores, Inc.
6.625% due 04/01/2011		200,000		206,154

The accompanying notes are an integral part of the financial statements. 

48

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Retail (continued)
Target Corp.
7.50% due 08/15/2010	$	100,000	$	106,443
Wal-Mart Stores, Inc.
6.75% due 10/15/2023		100,000		105,949
7.55% due 02/15/2030		110,000		126,173
				544,719
Retail Grocery - 0.10%
The Kroger Company
8.05% due 02/01/2010		150,000		159,544
Retail Trade - 0.17%
Kellogg Company, Series B
7.45% due 04/01/2031		100,000		113,068
Safeway, Inc.
5.80% due 08/15/2012		150,000		152,742
Target Corp.
6.75% due 01/01/2028		25,000		25,652
				291,462
Telecommunications Equipment &
Services - 0.83%
Deutsche Telekom International Finance BV
8.25% due 06/15/2030		546,000		668,393
France Telecom SA
8.50% due 03/01/2031		100,000		128,531
Verizon Global Funding Corp.
4.375% due 06/01/2013		370,000		349,978
7.25% due 12/01/2010		230,000		244,330
				1,391,232
Telephone - 0.81%
Ameritech Capital Funding
6.875% due 10/15/2027		60,000		60,683
BellSouth Corp.
6.875% due 10/15/2031		200,000		209,351
British Telecommunications PLC
8.625% due 12/15/2010		200,000		220,189
9.125% due 12/15/2030		130,000		172,146
GTE Corp.
6.94% due 04/15/2028		100,000		103,928
Sprint Capital Corp.
6.875% due 11/15/2028		150,000		144,765
7.625% due 01/30/2011		300,000		318,099
Telefonica Europe BV
8.25% due 09/15/2030		100,000		119,522
				1,348,683
Utility Service - 0.06%
United Utilities PLC
6.875% due 08/15/2028		100,000		100,397
TOTAL CORPORATE BONDS (Cost $27,927,027)			$	28,534,228
COLLATERALIZED MORTGAGE
OBLIGATIONS - 2.78%
Bear Stearns Commercial Mortgage Securities,
Series 2004-PWR3, Class A4
4.715% due 02/11/2041		500,000		481,385

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class A2
7.631% due 07/15/2032	$	300,000	$	318,689
Citigroup Commercial Mortgage Trust, Series
2006-C4, Class A1
5.72318% due 03/15/2049 (b)		519,420		526,586
GMAC Commercial Mortgage Securities, Inc.,
Series 1998-C1, Class A2
6.70% due 05/15/2030		328,629		329,168
LB Commercial Conduit Mortgage Trust,
Series 1999-C2, Class A2
7.325% due 10/15/2032		394,771		406,965
LB-UBS Commercial Mortgage Trust,
Series 2000-C5, Class A1
6.41% due 12/15/2019		89,459		89,536
Prudential Commercial Mortgage Trust,
Series 2003-PWR1, Class A2
4.493% due 02/11/2036		450,000		433,186
Salomon Brothers Mortgage Securities VII,
Series 2000-C1, Class A2
7.52% due 12/18/2009 (b)		299,900		312,238
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		500,000		518,016
Wachovia Bank Commercial Mortgage Trust,
Series 2004-C11, Class A5
5.215% due 01/15/2041 (b)		500,000		493,540
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR16, Class 2A1
4.94208% due 10/25/2035 (b)		751,634		753,251
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $4,797,579)			$	4,662,560
ASSET BACKED SECURITIES - 1.94%
Detroit Edison Securitization Funding, LLC,
Series 2001-1, Class A6
6.62% due 03/01/2016		250,000		266,445
GE Capital Commercial Mortgage Corp.,
Series 2001-2, Class A4
6.29% due 08/11/2033 (b)		550,000		571,519
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2004-CB8, Class A4
4.404% due 01/12/2039 (b)		400,000		377,330
Massachusetts RRB Special Purpose Trust,
Series 1999-1, Class A5
7.03% due 03/15/2012		150,000		154,995
MBNA Master Credit Card Trust USA,
Series 2000-L, Class A
6.50% due 04/15/2010		400,000		400,842
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class AM
5.65889% due 05/12/2039 (b)		800,000		800,272
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-2, Class A1
5.773% due 06/12/2046 (b)		662,741		669,713
TOTAL ASSET BACKED SECURITIES
(Cost $3,311,443)			$	3,241,116

The accompanying notes are an integral part of the financial statements. 

49

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
SUPRANATIONAL OBLIGATIONS - 0.31%
Supranational - 0.31%
African Development Bank
6.875% due 10/15/2015	$	35,000	$	38,259
Asian Development Bank
5.593% due 07/16/2018		250,000		256,371
Inter-American Development Bank
8.50% due 03/15/2011		200,000		223,714
				518,344
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $519,570)			$	518,344
REPURCHASE AGREEMENTS - 1.46%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$ 2,452,838 on 10/01/2007,
collateralized by $2,490,000
Federal National Mortgage
Association, 5.10% due
09/10/2009 (valued at $2,505,563,
including interest)	$	2,452,000	$	2,452,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,452,000)			$	2,452,000
Total Investments (Total Bond Market Trust B)
(Cost $168,132,160) - 100.35%			$	168,008,010
Liabilities in Excess of Other Assets - (0.35)%				(592,670)
TOTAL NET ASSETS - 100.00%			$	167,415,340
Capital Appreciation Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.70%
Aerospace - 4.74%
Boeing Company		265,100	$	27,832,849
United Technologies Corp.		304,500		24,506,160
				52,339,009
Agriculture - 2.02%
Monsanto Company		260,900		22,369,566
Apparel & Textiles - 3.43%
Coach, Inc. *		460,144		21,751,007
Lululemon Athletica, Inc. * (a)		57,000		2,395,710
NIKE, Inc., Class B		235,208		13,797,301
				37,944,018
Biotechnology - 2.17%
Genentech, Inc. *		307,469		23,988,731
Broadcasting - 1.49%
News Corp., Class A		747,100		16,428,729
Cellular Communications - 1.27%
NII Holdings, Inc. *		170,900		14,039,435

Capital Appreciation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment - 12.38%
Apple, Inc. *	169,944	$	26,093,202
Cisco Systems, Inc. *	935,865		30,986,490
EMC Corp. *	543,900		11,313,120
Hewlett-Packard Company	468,500		23,326,615
Juniper Networks, Inc. *	416,400		15,244,404
Research In Motion, Ltd. *	302,900		29,850,795
			136,814,626
Cosmetics & Toiletries - 3.52%
Colgate-Palmolive Company	314,500		22,430,140
Procter & Gamble Company	233,975		16,457,802
			38,887,942
Crude Petroleum & Natural Gas - 2.19%
Marathon Oil Corp.	221,400		12,624,228
Occidental Petroleum Corp.	181,300		11,617,704
			24,241,932
Drugs & Health Care - 1.34%
Wyeth	331,400		14,763,870
Electronics - 0.91%
Thermo Fisher Scientific, Inc. *	173,900		10,037,508
Financial Services - 7.45%
American Express Company	216,726		12,867,023
Charles Schwab Corp.	762,869		16,477,970
Goldman Sachs Group, Inc.	85,090		18,442,407
Lazard, Ltd., Class A	252,800		10,718,720
NYSE Euronext (a)	161,400		12,778,038
UBS AG	208,200		11,086,650
			82,370,808
Food & Beverages - 2.22%
PepsiCo, Inc.	334,565		24,510,232
Healthcare Products - 4.97%
Alcon, Inc. (a)	146,281		21,052,761
Baxter International, Inc.	292,600		16,467,528
Hologic, Inc. *	29,400		1,793,400
St. Jude Medical, Inc. *	353,826		15,593,112
			54,906,801
Holdings Companies/Conglomerates - 2.88%
General Electric Company	767,412		31,770,857
Hotels & Restaurants - 1.18%
Marriott International, Inc., Class A	299,100		13,001,877
Industrial Machinery - 0.56%
Caterpillar, Inc.	79,500		6,235,185
Insurance - 1.54%
American International Group, Inc.	250,748		16,963,102
Internet Content - 4.53%
Google, Inc., Class A *	88,307		50,093,912
Internet Retail - 1.46%
eBay, Inc. *	412,500		16,095,750

The accompanying notes are an integral part of the financial statements. 

50

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Capital Appreciation Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Internet Software - 0.44%
Akamai Technologies, Inc. *		170,700	$	4,904,211
Leisure Time - 2.47%
Walt Disney Company		792,100		27,240,319
Petroleum Services - 2.86%
Schlumberger, Ltd.		255,206		26,796,630
Suncor Energy, Inc.		51,100		4,844,791
				31,641,421
Pharmaceuticals - 12.98%
Abbott Laboratories (a)		456,400		24,472,168
Elan Corp. PLC, SADR *		247,900		5,215,816
Gilead Sciences, Inc. *		917,428		37,495,282
Novartis AG, SADR		214,024		11,762,759
Roche Holdings, Ltd., SADR		301,989		27,285,522
Schering-Plough Corp.		578,100		18,285,303
Teva Pharmaceutical Industries, Ltd., SADR		424,400		18,873,068
				143,389,918
Retail Grocery - 0.19%
Whole Foods Market, Inc.		42,300		2,071,008
Retail Trade - 4.35%
Costco Wholesale Corp.		165,400		10,150,598
Kohl's Corp. *		128,300		7,355,439
Lowe's Companies, Inc.		339,800		9,521,196
Saks, Inc.		447,000		7,666,050
Target Corp.		211,007		13,413,715
				48,106,998
Semiconductors - 5.72%
Applied Materials, Inc.		532,200		11,016,540
Broadcom Corp., Class A *		322,450		11,750,078
Intel Corp.		678,000		17,533,080
Marvell Technology Group, Ltd. *		729,250		11,937,822
NVIDIA Corp. *		303,150		10,986,156
				63,223,676
Software - 5.48%
Adobe Systems, Inc. *		753,285		32,888,423
Infosys Technologies, Ltd., ADR		176,100		8,521,479
Microsoft Corp.		650,769		19,171,655
				60,581,557
Telecommunications Equipment &
Services - 2.96%
Ciena Corp. *		215,400		8,202,432
QUALCOMM, Inc.		580,800		24,544,608
				32,747,040
TOTAL COMMON STOCKS (Cost $928,180,634)			$	1,101,710,038
SHORT TERM INVESTMENTS - 2.22%
John Hancock Cash Investment Trust (c)	$	24,558,659	$	24,558,659
TOTAL SHORT TERM INVESTMENTS
(Cost $24,558,659)			$	24,558,659

Capital Appreciation Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.16%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$1,802,616 on 10/1/2007,
collateralized by $1,830,000
Federal Home Loan Bank, 4.00%
due 05/21/2013 (valued at
$1,839,150, including interest)	$	1,802,000	$	1,802,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,802,000)			$	1,802,000
Total Investments (Capital Appreciation Trust)
(Cost $954,541,293) - 102.08%			$	1,128,070,697
Liabilities in Excess of Other Assets - (2.08)%				(22,978,438)
TOTAL NET ASSETS - 100.00%			$	1,105,092,259
Classic Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.27%
Aerospace - 2.23%
Northrop Grumman Corp.		22,300	$	1,739,400
Auto Parts - 2.62%
Magna International, Inc., Class A		21,250		2,046,588
Banking - 4.98%
Bank of America Corp.		51,700		2,598,959
Comerica, Inc.		25,225		1,293,538
				3,892,497
Biotechnology - 2.34%
Amgen, Inc. *		32,350		1,830,039
Business Services - 2.62%
Affiliated Computer Services, Inc., Class A *		23,875		1,199,480
Computer Sciences Corp. *		15,200		849,680
				2,049,160
Cosmetics & Toiletries - 0.98%
Kimberly-Clark Corp.		10,875		764,077
Electrical Utilities - 1.94%
Wisconsin Energy Corp.		33,575		1,511,882
Electronics - 2.91%
L-3 Communications Holdings, Inc.		17,800		1,818,092
Tyco Electronics, Ltd.		12,781		452,831
				2,270,923
Energy - 1.88%
Sempra Energy		25,200		1,464,624
Financial Services - 21.68%
Capital One Financial Corp.		21,075		1,400,012
Citigroup, Inc.		73,925		3,450,080
Countrywide Financial Corp.		55,275		1,050,778
Discover Financial Services *		8,762		182,250

The accompanying notes are an integral part of the financial statements. 

51

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Classic Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Federal Home Loan Mortgage Corp.	64,225	$	3,789,917
Federal National Mortgage Association	46,275		2,813,983
Fidelity National Financial, Inc., Class A	21,242		371,310
Lehman Brothers Holdings, Inc.	21,350		1,317,935
Morgan Stanley (c)	17,525		1,104,075
Washington Mutual, Inc.	41,150		1,453,007
			16,933,347
Food & Beverages - 1.88%
Kraft Foods, Inc., Class A	21,825		753,181
Sara Lee Corp.	42,775		713,915
			1,467,096
Healthcare Products - 4.09%
Covidien, Ltd. *	12,781		530,411
Johnson & Johnson	40,600		2,667,420
			3,197,831
Household Appliances - 2.36%
Whirlpool Corp.	20,700		1,844,370
Insurance - 13.50%
Allstate Corp.	45,775		2,617,872
MetLife, Inc.	23,250		1,621,222
Progressive Corp.	51,375		997,189
Torchmark Corp.	36,700		2,287,144
XL Capital, Ltd., Class A	38,125		3,019,500
			10,542,927
International Oil - 2.36%
BP PLC, ADR	26,600		1,844,710
Manufacturing - 0.73%
Tyco International, Ltd.	12,781		566,710
Pharmaceuticals - 8.45%
AmerisourceBergen Corp.	40,175		1,821,133
Bristol-Myers Squibb Company	78,725		2,268,854
Pfizer, Inc.	100,850		2,463,766
PharMerica Corp. *	3,349		49,967
			6,603,720
Retail Trade - 10.79%
Home Depot, Inc.	66,850		2,168,614
The TJX Companies, Inc.	94,175		2,737,667
Wal-Mart Stores, Inc.	80,600		3,518,190
			8,424,471
Software - 6.50%
CA, Inc.	90,200		2,319,944
Microsoft Corp.	61,900		1,823,574
Oracle Corp. *	43,175		934,739
			5,078,257
Telecommunications Equipment &
Services - 4.43%
Alcatel SA, SADR	339,761		3,458,767
TOTAL COMMON STOCKS (Cost $76,159,644)		$	77,531,396

Total Investments (Classic Value Trust)
(Cost $76,159,644) - 99.27%			$	77,531,396
Other Assets in Excess of Liabilities - 0.73%				571,488
TOTAL NET ASSETS - 100.00%			$	78,102,884
Core Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 9.63%
U.S. Treasury Bonds - 4.62%
4.75% due 02/15/2037	$	316,000	$	311,630
6.25% due 05/15/2030 ***		872,000		1,036,590
6.625% due 02/15/2027		753,000		915,071
4.50% due 02/15/2036		3,768,000		3,572,241
5.00% due 05/15/2037		35,000		35,902
5.375% due 02/15/2031		391,000		418,554
6.25% due 08/15/2023		4,374,000		5,024,974
8.875% due 02/15/2019		965,000		1,313,154
				12,628,116
U.S. Treasury Notes - 5.01%
4.125% due 08/31/2012		2,807,000		2,794,281
4.625% due 07/31/2009		8,000		8,092
4.75% due 08/15/2017		6,291,000		6,375,538
3.625% due 05/15/2013		160,000		155,037
4.50% due 05/15/2017		3,510,000		3,490,256
4.875% due 05/31/2009 to 06/30/2012		866,000		879,185
				13,702,389
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $26,400,797)			$	26,330,505
U.S. GOVERNMENT AGENCY OBLIGATIONS - 38.88%
Federal Home Loan Bank - 0.78%
5.46% due 11/27/2015 ***		2,105,588		2,135,397
Federal Home Loan Mortgage Corp. - 11.41%
3.57% due 06/15/2029 ***		574,362		563,810
3.90% due 01/15/2023 ***		825,919		810,295
4.00% due 07/01/2018 to 10/01/2021		7,114,347		6,710,007
4.50% due 05/01/2018 to 08/01/2020		2,090,482		2,020,189
5.50% due 01/01/2017 to 10/01/2030		4,055,209		4,041,014
5.50% due 11/01/2018 to 01/01/2020 ***		1,829,669		1,829,362
5.545% due 06/01/2037 (b)		775,440		781,442
5.767% due 05/01/2037		547,106		550,384
5.875% due 04/01/2036 (b)		529,267		534,578
5.895% due 01/01/2037 (b)		924,923		927,207
5.911% due 04/01/2037 (b)		1,409,132		1,420,883
5.94% due 04/01/2037 (b)		877,715		888,580
6.00% due 08/01/2026		854,750		860,527
6.01% due 04/01/2037 (b)		694,899		701,670
6.162% due 01/01/2037 (b)		684,377		695,692
6.50% due 09/01/2037		4,445,000		4,489,971
6.545% due 12/01/2036 (b)		1,302,004		1,323,645
6.637% due 11/01/2036 (b)		626,100		640,360
6.691% due 11/01/2036 (b)		733,564		746,168
7.00% due 09/01/2025		643,117		669,991
				31,205,775

The accompanying notes are an integral part of the financial statements. 

52

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association - 20.56%
4.00% due 07/01/2018 to 05/01/2034	$	5,797,364	$	5,392,617
4.00% due 03/01/2036 ***		2,751,512		2,485,801
4.50% due 09/01/2018 to 10/01/2020		5,916,459		5,726,764
4.87% due 09/01/2035 (b)		184,033		181,840
5.00% due 07/01/2033 to 09/01/2036		5,051,835		4,836,862
5.00% due 07/01/2033 to 08/01/2033 ***		5,519,131		5,283,283
5.007% due 07/01/2035 (b)		382,006		379,455
5.082% due 10/01/2036 (b)		637,761		632,643
5.184% due 11/01/2036		185,752		183,900
5.50% due 01/01/2017 to 02/01/2035		12,909,778		12,744,981
5.50% due 12/01/2030 to 07/01/2033 ***		6,031,083		5,922,696
5.50% TBA **		4,617,000		4,550,962
5.612% due 05/01/2037 (b)		403,441		404,098
5.67% due 03/01/2009		394,876		395,789
5.703% due 05/01/2037 (b)		891,823		900,085
5.74% due 04/01/2036		331,892		332,187
5.775% due 07/01/2037 (b)		809,039		816,158
5.818% due 05/01/2037 (b)		371,327		375,300
5.842% due 06/01/2037 (b)		568,176		574,251
5.90% due 09/01/2037 (b)		744,766		752,570
5.952% due 01/01/2037 (b)		649,416		658,242
6.00% due 05/01/2021		1,785,675		1,810,647
6.198% due 03/01/2037 (b)		261,289		265,487
6.408% due 07/01/2036 (b)		605,683		616,958
				56,223,576
Government National Mortgage
Association - 6.13%
5.50% due 10/20/2034		845,559		831,760
6.50% due 12/15/2032 to 08/20/2037		2,526,264		2,583,688
6.50% TBA **		9,423,000		9,626,184
7.00% due 12/15/2034 to 09/20/2037		3,543,903		3,707,355
				16,748,987
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $105,850,978)			$	106,313,735
FOREIGN GOVERNMENT OBLIGATIONS - 1.10%
Canada - 0.28%
Province of Quebec Canada
5.125% due 11/14/2016		755,000		755,284
Italy - 0.24%
Republic of Italy
5.375% due 06/15/2033		687,000		668,932
Mexico - 0.21%
Government of Mexico
5.625% due 01/15/2017		342,000		340,974
5.875% due 01/15/2014		236,000		242,962
				583,936

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
United Arab Emirates - 0.37%
Emirate of Abu Dhabi
5.50% due 08/02/2012	$	1,000,000	$	1,017,314
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $2,976,574)			$	3,025,466
CORPORATE BONDS - 18.58%
Automobiles - 0.83%
DaimlerChrysler N.A. Holding Corp.
6.50% due 11/15/2013		935,000		969,524
8.50% due 01/18/2031		155,000		192,134
DaimlerChrysler N.A. Holding Corp., Series MTN
6.05313% due 03/13/2009 (b)		850,000		844,420
DaimlerChrysler N.A. Holding Corp., Series MTN
5.75% due 09/08/2011		270,000		272,511
				2,278,589
Banking - 1.98%
BAC Capital Trust XI
6.625% due 05/23/2036		235,000		239,140
Bank of America Corp.
5.375% due 06/15/2014		375,000		370,837
HSBC Holdings PLC
6.50% due 09/15/2037		255,000		256,666
Nationwide Building Society
5.50% due 07/18/2012		486,000		505,249
PNC Funding Corp.
5.25% due 11/15/2015		451,000		431,716
Royal Bank of Scotland
6.99% due 10/15/2017		500,000		500,000
Royal Bank of Scotland Group PLC
5.00% due 10/01/2014		370,000		357,461
US Bank NA, Series MTN
5.92% due 05/25/2012		1,417,470		1,447,333
Wachovia Corp.
4.875% due 02/15/2014		370,000		356,379
5.30% due 10/15/2011		335,000		336,555
5.75% due 06/15/2017		335,000		336,269
Zions Bancorporation
5.50% due 11/16/2015		280,000		268,884
				5,406,489
Broadcasting - 0.11%
News America, Inc.
6.20% due 12/15/2034		320,000		301,279
Cable & Television - 0.42%
Comcast Corp.
5.65% due 06/15/2035		309,000		275,863
6.30% due 11/15/2017		165,000		167,712
Rogers Cable, Inc.
5.50% due 03/15/2014		140,000		135,000
Time Warner Entertainment Company LP
8.375% due 07/15/2033		484,000		567,544
				1,146,119

The accompanying notes are an integral part of the financial statements. 

53

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cellular Communications - 0.87%
America Movil SA de CV
6.375% due 03/01/2035	$	354,000	$	347,546
AT&T Broadband Corp.
8.375% due 03/15/2013		983,000		1,101,784
Rogers Wireless, Inc.
6.375% due 03/01/2014		570,000		575,800
Vodafone Group PLC
5.625% due 02/27/2017		355,000		345,046
				2,370,176
Commercial Services - 0.16%
Hutchison Whampoa International 03/33, Ltd.
7.45% due 11/24/2033		385,000		432,866
Computers & Business Equipment - 0.12%
Xerox Corp.
5.50% due 05/15/2012		330,000		326,844
Cosmetics & Toiletries - 0.13%
Estee Lauder Company, Inc.
5.55% due 05/15/2017		355,000		349,015
Crude Petroleum & Natural Gas - 1.15%
Canadian Natural Resources, Ltd.
6.25% due 03/15/2038		295,000		284,578
ConocoPhillips Canada Funding Company
5.625% due 10/15/2016		380,000		378,530
Husky Oil Company, Ltd.
7.55% due 11/15/2016		240,000		265,826
Petrobras International Finance Company
6.125% due 10/06/2016		810,000		816,230
Ras Laffan Liquefied Natural Gas Company, Ltd. III
6.332% due 09/30/2027		355,000		343,608
Southern Natural Gas Company
5.90% due 04/01/2017		175,000		170,309
Weatherford International, Inc.
5.95% due 06/15/2012		425,000		433,316
6.35% due 06/15/2017		455,000		462,854
				3,155,251
Domestic Oil - 0.30%
Devon Financing Corp., ULC
6.875% due 09/30/2011		380,000		401,697
Marathon Oil Corp.
6.00% due 10/01/2017		165,000		165,381
6.60% due 10/01/2037		249,000		255,842
				822,920
Drugs & Health Care - 0.47%
Wyeth
6.95% due 03/15/2011		1,230,000		1,289,100
Electrical Utilities - 1.61%
Allegheny Energy Supply Company LLC
8.25% due 04/15/2012		265,000		284,213
CMS Energy Corp
6.55% due 07/17/2017		225,000		218,205
Commonwealth Edison
6.15% due 09/15/2017		285,000		286,694

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
DPL, Inc.
6.875% due 09/01/2011	$	715,000	$	748,694
Enel Finance International SA
6.80% due 09/15/2037		280,000		285,118
FirstEnergy Corp.
6.45% due 11/15/2011		415,000		429,054
Florida Power Corp.
6.35% due 09/15/2037		165,000		168,162
Kansas Gas & Electric
5.647% due 03/29/2021		381,000		363,866
Midamerican Energy Holdings
6.125% due 04/01/2036		270,000		262,112
6.50% due 09/15/2037		115,000		116,242
Nevada Power Company, Series A
8.25% due 06/01/2011		560,000		608,541
Nevada Power Company, Series M
5.95% due 03/15/2016		185,000		180,811
Public Service Company of Colorado
7.875% due 10/01/2012		403,000		445,841
				4,397,553
Energy - 0.12%
XTO Energy Inc
6.75% due 08/01/2037		320,000		333,898
Financial Services - 4.72%
Capital One Bank
4.875% due 05/15/2008		430,000		428,861
Capital One Financial Corp.
6.15% due 09/01/2016		110,000		107,305
6.75% due 09/15/2017		335,000		343,019
Citigroup, Inc.
3.625% due 02/09/2009		900,000		884,160
5.10% due 09/29/2011		185,000		184,533
5.50% due 08/27/2012		660,000		667,334
6.00% due 08/15/2017		330,000		337,664
Credit Suisse USA, Inc.
5.50% due 08/16/2011		650,000		656,605
General Electric Capital Corp., Series GMTN
6.15% due 08/07/2037		250,000		256,564
General Electric Capital Corp., Series MTN
5.625% due 09/15/2017		585,000		585,280
General Electric Capital Corp., Series A, MTN
3.75% due 12/15/2009		579,000		563,932
6.00% due 06/15/2012		1,072,000		1,105,387
Goldman Sachs Capital II
5.793% due 12/29/2049 (b)		360,000		340,650
Goldman Sachs Group, Inc.
5.125% due 01/15/2015		352,000		337,978
6.345% due 02/15/2034		205,000		191,012
6.45% due 05/01/2036		165,000		160,997
6.875% due 01/15/2011		255,000		266,887
International Lease Finance Corp., Series MTN
5.65% due 06/01/2014		250,000		247,214
5.7188% due 05/24/2010 (b)		245,000		242,811
5.75% due 06/15/2011		495,000		499,540

The accompanying notes are an integral part of the financial statements. 

54

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
JP Morgan Chase Bank NA, Series BKNT
6.00% due 10/01/2017	$	760,000	$	767,367
JP Morgan Chase Capital XXV, Series Y
6.80% due 10/01/2037		420,000		420,640
Lazard Group
6.85% due 06/15/2017		470,000		462,447
Lazard Group, LLC
7.125% due 05/15/2015		870,000		878,700
Lehman Brothers Holdings, Inc.
4.50% due 07/26/2010		420,000		408,740
7.00% due 09/27/2027		125,000		127,986
Lehman Brothers Holdings, Inc., Series MTN
5.75% due 05/17/2013		165,000		163,845
Merrill Lynch & Company, Inc.
6.40% due 08/28/2017		250,000		257,948
Morgan Stanley
5.30% due 03/01/2013		395,000		388,769
5.375% due 10/15/2015		185,000		177,554
Morgan Stanley, Series EMTN
5.45% due 01/09/2017		255,000		245,894
Washington Mutual, Inc.
4.00% due 01/15/2009		213,000		209,204
				12,916,827
Food & Beverages - 0.25%
Delhaize Group
6.50% due 06/15/2017		670,000		675,715
Gas & Pipeline Utilities - 0.06%
El Paso Natural Gas
5.95% due 04/15/2017		160,000		156,262
Healthcare Products - 0.18%
Bristol-Myers Squibb Company
5.875% due 11/15/2036		100,000		95,377
Johnson & Johnson
5.55% due 08/15/2017		395,000		401,272
				496,649
Healthcare Services - 0.29%
Coventry Health Care, Inc.
5.95% due 03/15/2017		490,000		473,850
WellPoint, Inc.
5.875% due 06/15/2017		335,000		332,643
				806,493
Insurance - 0.94%
Ace INA Holdings, Inc.
5.70% due 02/15/2017		215,000		212,178
6.70% due 05/15/2036		180,000		185,347
American International Group, Inc.
4.70% due 10/01/2010		432,000		428,415
American International Group, Inc., Series MTN
5.45% due 05/18/2017		520,000		506,133
Cigna Corp.
6.15% due 11/15/2036		230,000		217,477
Liberty Mutual Group, Inc.
7.50% due 08/15/2036		406,000		416,162

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
MetLife, Inc.
6.40% due 12/15/2036 (b)	$	280,000	$	266,238
Prudential Financial, Inc., Series MTN
5.70% due 12/14/2036		370,000		340,945
				2,572,895
International Oil - 0.26%
Canadian Natural Resources, Ltd.
5.70% due 05/15/2017		210,000		204,997
Husky Energy, Inc.
6.80% due 09/15/2037		335,000		343,772
Pemex Project Funding Master Trust
6.625% due 06/15/2035		170,000		175,181
				723,950
Investment Companies - 0.38%
Allied Capital Corp.
6.625% due 07/15/2011		1,015,000		1,037,553
Manufacturing - 0.20%
Tyco International Group SA
6.375% due 10/15/2011		461,000		471,727
6.875% due 01/15/2029		65,000		65,244
				536,971
Mining - 0.13%
Vale Overseas, Ltd.
6.25% due 01/23/2017		352,000		355,942
Petroleum Services - 0.04%
Tesoro Corp.
6.50% due 06/01/2017		110,000		109,175
Pharmaceuticals - 0.50%
Abbott Laboratories
5.875% due 05/15/2016		445,000		449,006
AstraZeneca PLC
5.40% due 09/15/2012		420,000		423,302
Schering-Plough Corp.
6.55% due 09/15/2037		370,000		377,440
Teva Pharmaceutical Finance LLC
6.15% due 02/01/2036		115,000		109,265
				1,359,013
Real Estate - 0.57%
Developers Diversified Realty Corp., REIT
5.375% due 10/15/2012		159,000		154,879
ERP Operating LP
5.50% due 10/01/2012		80,000		78,654
Health Care Property Investors, Inc., REIT
5.65% due 12/15/2013		510,000		492,639
ProLogis, REIT
5.25% due 11/15/2010		115,000		114,602
5.50% due 04/01/2012		325,000		321,297
Westfield Group
5.40% due 10/01/2012		400,000		395,409
				1,557,480
Retail - 0.11%
Target Corp.
5.375% due 05/01/2017		330,000		316,512

The accompanying notes are an integral part of the financial statements. 

55

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services - 0.86%
Corning, Inc.
7.25% due 08/15/2036	$	145,000	$	152,050
Embarq Corp.
7.995% due 06/01/2036		185,000		197,116
France Telecom SA
7.75% due 03/01/2011		335,000		360,099
8.50% due 03/01/2031		155,000		199,223
SBC Communications, Inc.
5.10% due 09/15/2014		775,000		749,932
6.15% due 09/15/2034		715,000		706,810
				2,365,230
Telephone - 0.82%
Qwest Corp.
7.50% due 10/01/2014		635,000		660,400
Sprint Capital Corp.
6.125% due 11/15/2008		424,000		427,120
8.75% due 03/15/2032		80,000		91,739
Sprint Nextel Corp.
6.00% due 12/01/2016		175,000		168,092
Telefonica Emisiones SAU
5.984% due 06/20/2011		740,000		752,878
6.221% due 07/03/2017		130,000		131,328
				2,231,557
TOTAL CORPORATE BONDS (Cost $51,044,197)			$	50,828,323
COLLATERALIZED MORTGAGE
OBLIGATIONS - 34.76%
American Tower Trust, Series 2007-1A, Class AFX
5.419% due 04/15/2037		485,000		486,174
Banc of America Commercial Mortgage, Inc.,
Series 2002-PB2, Class B
6.309% due 06/11/2035		136,000		140,507
Banc of America Commercial Mortgage, Inc.,
Series 2003-1, Class A2
4.648% due 09/11/2036		316,000		307,047
Banc of America Commercial Mortgage, Inc.,
Series 2004-1, Class A4
4.76% due 11/10/2039		847,000		817,294
Banc of America Commercial Mortgage, Inc.,
Series 2004-2, Class A5
4.58% due 11/10/2038		77,000		73,215
Banc of America Commercial Mortgage, Inc.,
Series 2005-4, Class A5A
4.933% due 07/10/2045		79,000		76,194
Banc of America Commercial Mortgage, Inc.,
Series 2005-5, Class A4
5.11% due 10/10/2045 (b)		84,000		82,114
Banc of America Commercial Mortgage, Inc.,
Series 2005-6, Class A4
5.18% due 09/10/2047 (b)		589,000		582,128
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-ESA, Class C
4.937% due 05/14/2016		868,000		871,737

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR6, Class A6
4.825% due 11/11/2041	$	87,000	$	83,838
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-T18, Class A4
4.933% due 02/13/2042 (b)		316,000		305,089
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2007-PW15, Class A3
5.309% due 02/11/2044		386,000		381,301
Citigroup Commercial Mortgage Trust,
Series 2004-C1, Class C
5.36% due 04/15/2040 (b)		210,000		204,778
Commercial Mortgage Pass Through Certificates,
Series 1999-1, Class E
7.09% due 05/15/2032 (b)		892,000		901,845
Commercial Mortgage Pass Through Certificates,
Series 2000-C1, Class C
7.706% due 08/15/2033		91,000		96,971
Commercial Mortgage Pass Through Certificates,
Series 2004-LB3A, Class B
5.28% due 07/10/2037 (b)		419,000		402,162
Countrywide Alternative Loan Trust,
Series 2006-OC6, Class 2A1
5.57% due 07/25/2036 (b)		570,249		561,813
CS First Boston Mortgage Securities Corp.,
Series 2002-CKS4, Class A2
5.183% due 11/15/2036		785,000		783,080
CS First Boston Mortgage Securities Corp.,
Series 2003-C4, Class A4
5.14% due 08/15/2036 (b)		208,000		205,968
CS First Boston Mortgage Securities Corp.,
Series 2004-C5, Class A4
4.829% due 11/15/2037		445,000		427,782
CS First Boston Mortgage Securities Corp.,
Series 2005-C1, Class AAB
4.815% due 02/15/2038		158,000		153,846
CS First Boston Mortgage Securities Corp.,
Series 2005-C2, Class A4
4.832% due 04/15/2037		167,000		160,079
DLJ Commercial Mortgage Corp.,
Series 1999-CG2,Class A1B
7.30% due 06/10/2032		283,409		292,067
Federal Home Loan Bank,
Series 2007-2014, Class 1
5.34% due 03/20/2014		2,097,646		2,092,190
Federal Home Loan Mortgage Corp.,
Series 2002-2542, Class ES
5.00% due 12/15/2017		688,000		673,932
Federal Home Loan Mortgage Corp.,
Series 2003-2558, Class BD
5.00% due 01/15/2018		523,000		505,322
Federal Home Loan Mortgage Corp.,
Series 2003-2583, Class TD
4.50% due 12/15/2013		637,631		628,295
Federal Home Loan Mortgage Corp.,
Series 2003-2590, Class NU
5.00% due 06/15/2017		385,000		382,034

The accompanying notes are an integral part of the financial statements. 

56

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.,
Series 2003-2603, Class KT
4.75% due 07/15/2014	$	655,399	$	633,724
Federal Home Loan Mortgage Corp.,
Series 2003-2614, Class TD
3.50% due 05/15/2016		864,868		846,674
Federal Home Loan Mortgage Corp.,
Series 2003-2623, Class AJ
4.50% due 07/15/2016		331,000		323,909
Federal Home Loan Mortgage Corp.,
Series 2003-2631, Class MT
3.50% due 01/15/2022		229,783		228,930
Federal Home Loan Mortgage Corp.,
Series 2003-2632, Class NE
4.00% due 06/15/2013		1,504,058		1,467,324
Federal Home Loan Mortgage Corp.,
Series 2003-2647, Class PJ
3.25% due 06/15/2026		1,697,431		1,661,348
Federal Home Loan Mortgage Corp.,
Series 2003-2654, Class OY
4.50% due 12/15/2026		802,000		796,063
Federal Home Loan Mortgage Corp.,
Series 2003-2672, Class HA
4.00% due 09/15/2016		271,164		265,305
Federal Home Loan Mortgage Corp.,
Series 2003-2694, Class QG
4.50% due 01/15/2029		664,000		648,132
Federal Home Loan Mortgage Corp.,
Series 2004-2780, Class TB
3.00% due 12/15/2024		251,894		247,704
Federal Home Loan Mortgage Corp.,
Series 2004-2790, Class TN
4.00% due 05/15/2024		414,000		363,740
Federal Home Loan Mortgage Corp.,
Series 2004-2804, Class EB
5.50% due 07/15/2030		497,000		499,962
Federal Home Loan Mortgage Corp.,
Series 2004-2841, Class BD
4.00% due 04/15/2018		22,635		22,022
Federal Home Loan Mortgage Corp.,
Series 2004-2899, Class QY
4.00% due 10/15/2025		299,019		295,647
Federal Home Loan Mortgage Corp.,
Series 2005-2975, Class EA
5.00% due 05/15/2018		267,794		267,048
Federal Home Loan Mortgage Corp.,
Series 2005-3017, Class TA
4.50% due 08/15/2035		457,000		444,623
Federal Home Loan Mortgage Corp.,
Series 2005-3020, Class MA
5.50% due 04/15/2027		1,080,589		1,086,079
Federal Home Loan Mortgage Corp.,
Series 2005-3034, Class EH
5.50% due 12/15/2034		11,448		11,530
Federal Home Loan Mortgage Corp.,
Series 2005-3035, Class PA
5.50% due 09/15/2035		377,418		379,737

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.,
Series 2005-3062, Class LC
5.50% due 11/15/2028	$	371,000	$	371,369
Federal Home Loan Mortgage Corp.,
Series 2005-3075, Class PA
5.50% due 07/15/2025		271,696		272,914
Federal Home Loan Mortgage Corp.,
Series 2005-3078, Class PA
5.50% due 07/15/2024		360,178		361,701
Federal Home Loan Mortgage Corp.,
Series 2006-3104, Class QC
5.00% due 09/15/2031		597,000		583,075
Federal Home Loan Mortgage Corp.,
Series 2006-3114, Class KC
5.00% due 02/15/2030		524,000		512,722
Federal Home Loan Mortgage Corp.,
Series 2006-3135, Class JA
6.00% due 09/15/2027		684,890		691,243
Federal Home Loan Mortgage Corp.,
Series 2006-3151, Class PA
6.00% due 03/15/2026		790,869		800,816
Federal Home Loan Mortgage Corp.,
Series 2006-3164, Class NA
6.00% due 02/15/2027		34,727		35,186
Federal Home Loan Mortgage Corp.,
Series 2006-3164, Class NC
6.00% due 12/15/2032		160,000		162,997
Federal Home Loan Mortgage Corp.,
Series 2006-3167, Class QA
6.00% due 10/15/2026 ***		2,120,032		2,146,315
Federal Home Loan Mortgage Corp.,
Series 2006-3171, Class NE
6.00% due 05/15/2027		355,690		360,657
Federal Home Loan Mortgage Corp.,
Series 2006-3173, Class PH
6.00% due 09/15/2027		656,408		665,451
Federal Home Loan Mortgage Corp.,
Series 2006-3178, Class MA
6.00% due 10/15/2026		415,557		421,385
Federal Home Loan Mortgage Corp.,
Series 2006-3179, Class PD
5.75% due 12/15/2018		37,161		37,475
Federal Home Loan Mortgage Corp.,
Series 2006-3184, Class LA
6.00% due 03/15/2028		767,145		777,915
Federal Home Loan Mortgage Corp.,
Series 2006-3192, Class GA
6.00% due 03/15/2027		565,355		572,710
Federal Home Loan Mortgage Corp.,
Series 2006-3205, Class PC
6.00% due 09/15/2032		641,000		652,323
Federal Home Loan Mortgage Corp.,
Series 2006-3215, Class QA
6.00% due 06/15/2027		9,057		9,188
Federal Home Loan Mortgage Corp.,
Series 2006-3216, Class NA
6.00% due 05/15/2028		488,270		495,577

The accompanying notes are an integral part of the financial statements. 

57

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.,
Series 2007-3268, Class HC
5.00% due 12/15/2032	$	273,000	$	265,477
Federal Home Loan Mortgage Corp.,
Series 2007-3279, Class PB
5.50% due 09/15/2031		798,000		798,340
Federal Home Loan Mortgage Corp.,
Series 2007-3279, Class PH
6.00% due 02/15/2027		722,000		732,132
Federal Home Loan Mortgage Corp.,
Series 2007-3287, Class GC
5.50% due 08/15/2034		447,000		444,856
Federal Home Loan Mortgage Corp.,
Series 2007-3288, Class PA
5.50% due 05/15/2029		931,727		937,696
Federal Home Loan Mortgage Corp.,
Series 2007-3298, Class VB
5.00% due 11/15/2025		303,000		281,966
Federal Home Loan Mortgage Corp.,
Series 2007-3300, Class PB
5.50% due 02/15/2031		384,000		382,916
Federal Home Loan Mortgage Corp.,
Series 2007-3305, Class PD
5.50% due 11/15/2035		264,000		257,503
Federal Home Loan Mortgage Corp.,
Series 2007-3312, Class AP
5.50% due 11/15/2025		353,472		355,805
Federal Home Loan Mortgage Corp.,
Series 2007-3316, Class EB
5.50% due 06/15/2034		501,000		495,075
Federal Home Loan Mortgage Corp.,
Series 2007-3316, Class GC
5.50% due 05/15/2033		732,000		727,913
Federal Home Loan Mortgage Corp.,
Series 2007-3316, Class HA
5.00% due 07/15/2035		982,502		964,025
Federal Home Loan Mortgage Corp.,
Series 2007-3316, Class PB
5.50% due 03/15/2031		183,000		182,600
Federal Home Loan Mortgage Corp.,
Series 2007-3326, Class PC
5.50% due 08/15/2032		222,000		220,676
Federal Home Loan Mortgage Corp.,
Series 2007-3331, Class BP
5.50% due 02/15/2031		678,000		676,334
Federal Home Loan Mortgage Corp.,
Series 2007-3347, Class PA
5.00% due 06/15/2028		1,841,483		1,844,514
Federal Home Loan Mortgage Corp.,
Series 2007-3347, Class PB
5.00% due 11/15/2030		1,307,000		1,279,954
Federal Home Loan Mortgage Corp.,
Series 2007-3347, Class PC
5.00% due 07/15/2033		547,000		527,476
Federal Home Loan Mortgage Corp.,
Series 2007-3347, Class PD
5.00% due 09/15/2035		535,000		502,054

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.,
Series 2007-3348, Class QA
6.00% due 06/15/2028	$	798,921	$	811,644
Federal Home Loan Mortgage Corp.,
Series 2007-3349, Class BP
6.00% due 03/15/2032		790,000		804,287
Federal Home Loan Mortgage Corp.,
Series 2007-3351, Class PJ
5.50% due 06/15/2022		1,389,000		1,400,017
Federal Home Loan Mortgage Corp.,
Series 2007-3351, Class PK
5.50% due 01/15/2032		2,058,000		2,062,893
Federal Home Loan Mortgage Corp.,
Series 2007-3356, Class PA
6.00% due 11/15/2026		1,426,000		1,447,432
Federal National Mortgage Association,
Series 2001-T11, Class B
5.503% due 09/25/2011		400,000		407,176
Federal National Mortgage Association,
Series 2002-T11, Class A
4.768% due 04/25/2012		40,591		40,383
Federal National Mortgage Association,
Series 2003-108, Class BE
4.00% due 11/25/2018		362,000		334,270
Federal National Mortgage Association,
Series 2003-123, Class AB
4.00% due 10/25/2016		638,365		624,629
Federal National Mortgage Association,
Series 2003-15, Class CH
4.00% due 02/25/2017		200,129		195,843
Federal National Mortgage Association,
Series 2003-16, Class PN
4.50% due 10/25/2015		287,000		284,280
Federal National Mortgage Association,
Series 2003-24, Class LC
5.00% due 12/25/2015		165,000		164,585
Federal National Mortgage Association,
Series 2003-30, Class ET
3.50% due 08/25/2016		452,152		441,473
Federal National Mortgage Association,
Series 2003-33, Class CH
4.00% due 07/25/2017 ***		474,343		460,373
Federal National Mortgage Association,
Series 2003-34, Class QJ
4.50% due 01/25/2016 ***		456,213		450,959
Federal National Mortgage Association,
Series 2003-86, Class OX
4.50% due 09/25/2026		1,291,000		1,277,267
Federal National Mortgage Association,
Series 2003-92, Class PC
4.50% due 05/25/2015		600,000		596,615
Federal National Mortgage Association,
Series 2003-T1, Class A
3.807% due 11/25/2012		124,670		121,757
Federal National Mortgage Association,
Series 2004-34, Class PL
3.50% due 05/25/2014		336,604		333,011

The accompanying notes are an integral part of the financial statements. 

58

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal National Mortgage Association,
Series 2005-20, Class QD
5.00% due 03/25/2028	$	357,000	$	354,568
Federal National Mortgage Association,
Series 2005-29, Class AD
4.50% due 08/25/2034		652,126		644,215
Federal National Mortgage Association,
Series 2005-38, Class CD
5.00% due 06/25/2019		312,756		309,795
Federal National Mortgage Association,
Series 2005-45, Class BA
4.50% due 11/25/2014 ***		511,824		509,963
Federal National Mortgage Association,
Series 2005-58, Class MA
5.50% due 07/25/2035		265,869		267,490
Federal National Mortgage Association,
Series 2006-112, Class QA
5.50% due 03/25/2033		474,257		476,331
Federal National Mortgage Association,
Series 2006-18, Class PA
5.50% due 01/25/2026		393,746		395,155
Federal National Mortgage Association,
Series 2006-31, Class PA
5.50% due 11/25/2026		401,342		403,045
Federal National Mortgage Association,
Series 2006-3138, Class PA
5.50% due 02/15/2027		734,726		739,003
Federal National Mortgage Association,
Series 2006-34, Class PA
6.00% due 05/25/2027		979,760		989,469
Federal National Mortgage Association,
Series 2006-41, Class MA
5.50% due 04/25/2024		450,477		451,685
Federal National Mortgage Association,
Series 2006-53, Class PA
5.50% due 12/25/2026		130,863		131,404
Federal National Mortgage Association,
Series 2006-55, Class PA
6.00% due 05/25/2026		328,592		332,024
Federal National Mortgage Association,
Series 2006-64, Class PA
5.50% due 02/25/2030		254,734		255,966
Federal National Mortgage Association,
Series 2006-80, Class PB
6.00% due 10/25/2027		883,957		894,010
Federal National Mortgage Association,
Series 2007-27, Class KA
5.75% due 09/25/2033		262,535		264,957
Federal National Mortgage Association,
Series 2007-30, Class MA
4.25% due 02/25/2037		1,067,540		1,027,040
Federal National Mortgage Association,
Series 2007-39, Class NA
4.25% due 01/25/2037		1,273,030		1,239,491
Federal National Mortgage Association,
Series 2007-62, Class PA
6.00% due 03/25/2029		357,047		360,655

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal National Mortgage Association,
Series 2007-76, Class PA
6.00% due 05/25/2028 ***	$	1,621,516	$	1,644,079
Federal National Mortgage Association,
Series 2007-80, Class TA
6.00% due 09/25/2026		336,305		340,677
Federal National Mortgage Association,
Series 2007-81, Class AE
6.00% due 08/25/2028		1,593,276		1,616,896
Federal National Mortgage Association,
Series 2007-81, Class BE
6.00% due 12/25/2031		639,000		648,561
Federal National Mortgage Association,
Series 2007-B1, Class VA
5.50% due 04/25/2017		625,428		627,713
First Union National Bank Commercial Mortgage,
Series 2001-C4, Class B
6.417% due 12/12/2033		177,000		185,249
GE Capital Commercial Mortgage Corp.,
Series 2001-2, Class A3
6.03% due 08/11/2033		207,668		210,569
GE Capital Commercial Mortgage Corp.,
Series 2004-C3, Class A4
5.19% due 07/10/2039 (b)		669,000		658,457
GE Capital Commercial Mortgage Corp.,
Series 2005-C3, Class A7A
4.97% due 07/10/2045 (b)		817,000		771,405
General Motors Acceptance Corp. Commercial
Mortgage Securities, Inc.,
Series 2004-C1, Class A1
3.118% due 03/10/2038		243,717		240,144
Government National Mortgage Association,
Series 2004-88, Class MA
3.65% due 01/20/2028		754,496		744,255
Government National Mortgage Association,
Series 2006-17, Class KY
5.00% due 04/20/2036		1,306,893		1,291,415
Government National Mortgage Association,
Series 2006-3, Class A
4.212% due 01/16/2028		109,419		107,549
Government National Mortgage Association,
Series 2006-33, Class NA
5.00% due 01/20/2036		508,000		479,398
Government National Mortgage Association,
Series 2006-37, Class JG
5.00% due 07/20/2036		254,000		238,759
Government National Mortgage Association,
Series 2006-8, Class A
3.942% due 08/16/2025		160,774		157,864
Government National Mortgage Association,
Series 2007-7, Class PG
5.00% due 02/16/2037		710,000		671,558
GS Mortgage Securities Corp. II,
Series 1998-C1, Class B
6.97% due 10/18/2030		401,000		405,998

The accompanying notes are an integral part of the financial statements. 

59

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
GS Mortgage Securities Corp. II,
Series 1998-GLII, Class A2
6.562% due 04/13/2031	$	315,000	$	315,561
GS Mortgage Securities Corp. II,
Series 2004-GG2, Class A6
5.40% due 08/10/2038 (b)		143,000		142,338
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2002-C2, Class A2
5.05% due 12/12/2034		751,000		745,190
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2002-CIB5, Class A2
5.161% due 10/12/2037		150,000		149,471
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2004-C3, Class A1
3.765% due 01/15/2042		633,687		624,332
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-CB11, Class ASB
5.20% due 08/12/2037 (b)		232,000		229,574
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-CB13, Class AM
5.34% due 01/12/2043 (b)		157,000		154,105
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP3, Class ASB
4.89% due 08/15/2042 (b)		320,000		313,561
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-CB17, Class ASB
5.415% due 12/12/2043		629,000		624,512
LB-UBS Commercial Mortgage Trust,
Series 2002-C2, Class A4
5.594% due 06/15/2031		647,000		657,947
LB-UBS Commercial Mortgage Trust,
Series 2003-C5, Class A2
3.478% due 07/15/2027		283,000		279,284
LB-UBS Commercial Mortgage Trust,
Series 2003-C8, Class A4
5.12% due 11/15/2032 (b)		214,000		211,494
LB-UBS Commercial Mortgage Trust,
Series 2005-C7, Class AM
5.26% due 11/15/2040 (b)		191,000		185,899
Merrill Lynch Mortgage Trust,
Series 2004-BPC1, Class A5
4.86% due 10/12/2041 (b)		657,000		633,456
Merrill Lynch Mortgage Trust,
Series 2004-MKB1, Class B
5.28% due 02/12/2042 (b)		125,000		123,092
Merrill Lynch Mortgage Trust,
Series 2005-CIP1, Class AM
5.11% due 07/12/2038 (b)		163,000		157,012
Merrill Lynch Mortgage Trust,
Series 2005-LC1, Class A4
5.291% due 01/12/2044 (b)		646,000		638,903
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-4, Class ASB
5.133% due 12/12/2049 (b)		1,004,000		981,594
Morgan Stanley Capital I, Series 2003-IQ5, Class A4
5.01% due 04/15/2038		501,000		494,670

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Morgan Stanley Capital I, Series 2004-HQ3, Class D
4.90% due 01/13/2041	$	100,000	$	97,159
Morgan Stanley Capital I, Series 2004-T13, Class B
4.76% due 09/13/2045 (b)		157,000		151,137
Morgan Stanley Capital I,
Series 2005-HQ5, Class AAB
5.037% due 01/14/2042		481,000		473,851
Morgan Stanley Capital I,
Series 2005-HQ7, Class AAB
5.18% due 11/14/2042 (b)		813,000		810,077
Morgan Stanley Dean Witter Capital I,
Series 2002-IQ2, Class A3
5.52% due 12/15/2035		258,155		259,287
Morgan Stanley Mortgage Loan Trust,
Series 2007-6XS, Class 2A1S
5.24% due 02/25/2047 (b)		173,667		172,147
Wachovia Bank Commercial Mortgage Trust,
Series 2002-C1, Class A4
6.287% due 04/15/2034		337,000		351,641
Wachovia Bank Commercial Mortgage Trust,
Series 2002-C2, Class A4
4.98% due 11/15/2034		1,087,000		1,073,627
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C6, Class A3
4.957% due 08/15/2035		232,000		231,321
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C7, Class A2
5.08% due 10/15/2035 (b)		550,000		541,720
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C8, Class A3
4.445% due 11/15/2035		174,000		171,502
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C9, Class A4
5.012% due 12/15/2035		806,000		784,937
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C9, Class B
5.109% due 12/15/2035		79,000		77,245
Wachovia Bank Commercial Mortgage Trust,
Series 2004-C10, Class A4
4.748% due 02/15/2041		1,173,000		1,128,344
Wachovia Bank Commercial Mortgage Trust,
Series 2004-C11, Class B
5.306% due 01/15/2041		413,000		402,713
Wachovia Bank Commercial Mortgage Trust,
Series 2004-C12, Class A4
5.23% due 07/15/2041 (b)		324,000		321,775
Wachovia Bank Commercial Mortgage Trust,
Series 2004-C15, Class B
4.892% due 10/15/2041		217,000		203,605
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C19, Class A6
4.699% due 05/15/2044		185,000		173,281
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C20, Class A7
5.118% due 07/15/2042 (b)		686,000		670,693

The accompanying notes are an integral part of the financial statements. 

60

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C21, Class A4
5.21% due 10/15/2044 (b)	$	435,000	$	429,442
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C26, Class APB
5.997% due 06/15/2045		534,000		539,382
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $94,614,494)			$	95,049,221
ASSET BACKED SECURITIES - 4.98%
Americredit Prime Automobile Receivable,
Series 2007-1, Class A3
5.27% due 11/08/2011 (b)		538,000		540,101
Bank of America Credit Card Trust,
Series 2007-A8, Class A8
5.59% due 11/17/2014		147,000		149,550
California Infrastructure PG&E-1,
Series 1997-1, Class A8
6.48% due 12/26/2009		23,110		23,187
California Infrastructure SCE-1,
Series 1997-1, Class A7
6.42% due 12/26/2009		105,149		105,342
Capital Auto Receivables Asset Trust,
Series 2006-1, Class A3
5.03% due 10/15/2009		298,000		297,485
Capital Auto Receivables Asset Trust,
Series 2007-1, Class A3A
5.00% due 04/15/2011		288,000		287,955
Capital One Multi-Asset Execution Trust,
Series 2007-A7, Class A7
5.65% due 07/15/2020		806,000		808,871
Chase Issuance Trust, Series 2004-A9, Class A9
3.22% due 06/15/2010		434,000		433,670
Citibank Credit Card Issuance Trust,
Series 2007-A8, Class A8
5.70% due 09/20/2019		719,000		712,408
Citicorp Residential Mortgage Securities, Inc.,
Series 2006-1, Class A2
5.682% due 07/25/2036		280,000		277,982
Citicorp Residential Mortgage Securities, Inc.,
Series 2006-2, Class A2
5.557% due 09/25/2036		306,000		305,474
Citigroup Mortgage Loan Trust, Inc.,
Series 2007-AHL1, Class A2A
5.17% due 12/25/2036 (b)		402,270		399,116
CNH Equipment Trust, Series 2004-A, Class A4A
5.86% due 09/15/2011 (b)		406,722		406,470
Connecticut RRB Special Purpose Trust CL&P,
Series 2001-1, Class A5
6.21% due 12/30/2011		189,000		195,417
Countrywide Asset-Backed Certificates,
Series 2006-S1, Class A2
5.549% due 08/25/2021		516,000		512,028
Countrywide Asset-Backed Certificates,
Series 2007-3, Class 2A1
5.23% due 02/25/2037 (b)		197,731		196,959

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Daimler Chrysler Auto Trust,
Series 2006-D, Class A4
4.94% due 02/08/2012	$	302,000	$	300,362
Discover Card Master Trust I,
Series 2003-1, Class A3
5.89% due 04/16/2010 (b)		137,000		137,021
Discover Card Master Trust,
Series 2007-A1, Class A1
5.65% due 03/16/2020		2,136,000		2,136,000
Dominos Pizza Master Issuer LLC,
Series 2007-1, Class A2
5.261% due 04/25/2037		480,000		475,714
Ford Credit Auto Owner Trust,
Series 2005-A, Class A3
3.48% due 11/15/2008		21,685		21,671
Ford Credit Auto Owner Trust,
Series 2005-B, Class A3
4.17% due 01/15/2009		37,339		37,304
Great America Leasing Receivables,
Series 2006-1, Class A3
5.34% due 01/15/2010		507,000		508,267
Harley-Davidson Motorcycle Trust,
Series 2007-1, Class A2
5.29% due 01/18/2011		228,904		228,926
Hyundai Auto Receivables Trust,
Series 2007-A, Class A3A
5.04% due 01/15/2012		158,000		157,477
Hyundai Auto Receivables Trust,
Series 2007-A, Class A4
5.21% due 03/17/2014		418,000		417,884
M.A.S.Transactions Asset Backed Securities Trust,
Series 2005-AB1, Class A1B
5.14% due 11/25/2035 (b)		58,401		58,014
MBNA Credit Card Master Note Trust,
Series 2003-A7, Class A7
2.65% due 11/15/2010		371,000		364,934
Morgan Stanley ABS Capital I,
Series 2006-WMC1, Class A2A
5.20% due 12/25/2035 (b)		54,920		54,738
Morgan Stanley ABS Capital I,
Series 2007-HE2, Class A2A
5.17% due 01/25/2037 (b)		194,602		193,233
Morgan Stanley Home Equity Loans,
Series 2007-1, Class A1
5.18% due 12/25/2036 (b)		185,567		184,328
Nissan Auto Receivables Owner Trust,
Series 2006-B, Class A3
5.16% due 02/15/2010		145,000		144,877
Ownit Mortgage Loan Asset-Backed
Certificates, Series 2006-1, Class AF1
5.424% due 12/25/2036		88,905		87,958
Residential Asset Mortgage Products, Inc.,
Series 2003-RS7, Class AI6
5.34% due 08/25/2033		181,191		176,982
SLM Student Loan Trust, Series 2005-7, Class A3
4.41% due 07/25/2025 (b)		483,000		483,599

The accompanying notes are an integral part of the financial statements. 

61

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Triad Auto Receivables Owner Trust,
Series 2003-B, Class A4
3.20% due 12/13/2010	$	57,120	$	56,351
Triad Auto Receivables Owner Trust,
Series 2006-C, Class A3
5.26% due 11/14/2011		247,000		247,192
Triad Auto Receivables Owner Trust,
Series 2006-B, Class A4
5.52% due 11/12/2012		150,000		150,934
USAA Auto Owner Trust, Series 2004-3, Class A4
3.53% due 06/15/2011		256,054		253,531
USAA Auto Owner Trust, Series 2005-1, Class A3
3.90% due 07/15/2009		20,785		20,704
WFS Financial Owner Trust,
Series 2003-4, Class A4
3.15% due 05/20/2011		30,021		29,986
WFS Financial Owner Trust,
Series 2004-1, Class A4
2.81% due 08/22/2011		276,684		275,230
WFS Financial Owner Trust,
Series 2005-3, Class A3A
4.25% due 06/17/2010		44,929		44,741
World Omni Auto Receivables Trust,
Series 2007-B, Class A3A
5.28% due 01/17/2012		298,000		298,751
World Omni Auto Receivables Trust,
Series 2007-B, Class A4
5.39% due 05/15/2013		418,000		417,915
TOTAL ASSET BACKED SECURITIES
(Cost $13,608,636)			$	13,616,639
SHORT TERM INVESTMENTS - 2.98%
Rabobank USA Finance Corp.
4.89% due 10/01/2007	$	4,072,000	$	4,072,000
UBS Finance (Delaware) LLC
4.75% due 10/01/2007		4,072,000		4,072,000
TOTAL SHORT TERM INVESTMENTS
(Cost $8,144,000)			$	8,144,000
REPURCHASE AGREEMENTS - 1.99%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$5,438,858 on 10/01/2007,
collateralized by $5,515,000
Federal National Mortgage
Association, 5.10% due
09/10/2009 (valued at $5,549,469,
including interest) ***	$	5,437,000	$	5,437,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,437,000)			$	5,437,000
Total Investments (Core Bond Trust)
(Cost $308,076,676) - 112.90%			$	308,744,889
Liabilities in Excess of Other Assets - (12.90)%				(35,283,343)
TOTAL NET ASSETS - 100.00%			$	273,461,546

Core Equity Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.23%
Automobiles - 0.77%
General Motors Corp.	136,900	$	5,024,230
Biotechnology - 0.49%
Amgen, Inc. *	56,700		3,207,519
Cable & Television - 4.20%
DIRECTV Group, Inc. *	527,500		12,807,700
Time Warner, Inc.	794,500		14,587,020
			27,394,720
Cellular Communications - 0.82%
Motorola, Inc.	289,400		5,362,582
Computers & Business Equipment - 7.38%
Cisco Systems, Inc. *	381,300		12,624,843
Hewlett-Packard Company	284,800		14,180,192
International Business Machines Corp.	99,600		11,732,880
Seagate Technology	375,100		9,595,058
			48,132,973
Electrical Utilities - 4.91%
The AES Corp. *	1,598,700		32,037,948
Financial Services - 12.03%
Bear Stearns Companies, Inc.	54,300		6,668,583
Capital One Financial Corp.	147,500		9,798,425
Citigroup, Inc.	348,000		16,241,160
Countrywide Financial Corp.	692,100		13,156,821
Goldman Sachs Group, Inc.	16,800		3,641,232
JP Morgan Chase & Company	602,900		27,624,878
NYSE Euronext	16,900		1,337,973
			78,469,072
Healthcare Products - 1.55%
Covidien, Ltd. *	243,050		10,086,575
Healthcare Services - 5.68%
Health Net, Inc. *	186,700		10,091,135
UnitedHealth Group, Inc.	557,600		27,004,568
			37,095,703
Holdings Companies/Conglomerates - 2.67%
General Electric Company	421,000		17,429,400
Homebuilders - 1.88%
Beazer Homes USA, Inc.	71,900		593,175
Centex Corp.	193,790		5,149,001
Pulte Homes, Inc.	344,600		4,690,006
Ryland Group, Inc.	86,475		1,853,159
			12,285,341
Insurance - 6.52%
Aetna, Inc.	491,800		26,689,986
American International Group, Inc.	234,600		15,870,690
			42,560,676
International Oil - 0.24%
Exxon Mobil Corp.	16,800		1,555,008

The accompanying notes are an integral part of the financial statements. 

62

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Core Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Internet Content - 8.40%
Google, Inc., Class A *		57,900	$	32,844,933
Yahoo!, Inc. *		819,000		21,981,960
				54,826,893
Internet Retail - 17.50%
Amazon.com, Inc. *		615,600		57,343,140
eBay, Inc. *		581,300		22,682,326
Expedia, Inc. *		585,216		18,656,686
IAC/InterActiveCorp. *		522,500		15,502,575
				114,184,727
Leisure Time - 1.85%
Electronic Arts, Inc. *		215,400		12,060,246
Manufacturing - 1.58%
Tyco International, Ltd.		232,050		10,289,097
Pharmaceuticals - 1.39%
Pfizer, Inc.		372,415		9,098,098
Photography - 2.90%
Eastman Kodak Company		708,200		18,951,432
Retail Trade - 3.21%
Best Buy Company, Inc.		5,800		266,916
Sears Holdings Corp. *		162,500		20,670,000
				20,936,916
Semiconductors - 1.48%
Texas Instruments, Inc.		263,800		9,652,442
Software - 1.34%
CA, Inc.		340,325		8,753,159
Steel - 0.49%
Nucor Corp.		54,200		3,223,274
Telephone - 8.95%
Qwest Communications International, Inc. *		2,938,700		26,918,492
Sprint Nextel Corp.		1,655,600		31,456,400
				58,374,892
TOTAL COMMON STOCKS (Cost $568,904,475)		$		640,992,923
REPURCHASE AGREEMENTS - 1.78%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$11,625,971 on 10/01/2007,
collateralized by $11,970,000
Federal Home Loan Mortgage
Corp., 5.625% due 11/23/2035
(valued at $11,856,848, including
interest)	$	11,622,000	$	11,622,000
TOTAL REPURCHASE AGREEMENTS
(Cost $11,622,000)			$	11,622,000
Total Investments (Core Equity Trust)
(Cost $580,526,475) - 100.01%			$	652,614,923
Liabilities in Excess of Other Assets - (0.01)%				(45,846)
TOTAL NET ASSETS - 100.00%			$	652,569,077

Dynamic Growth Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.80%
Aerospace - 1.85%
BE Aerospace, Inc. *	63,600	$	2,641,308
Apparel & Textiles - 10.93%
Coach, Inc. *	94,500		4,467,015
Crocs, Inc. * (a)	46,600		3,133,850
Guess?, Inc.	104,800		5,138,344
Polo Ralph Lauren Corp., Class A	37,200		2,892,300
			15,631,509
Biotechnology - 1.44%
Cephalon, Inc. *	28,100		2,052,986
Business Services - 1.67%
FactSet Research Systems, Inc.	34,800		2,385,540
Cellular Communications - 2.78%
NII Holdings, Inc. *	48,400		3,976,060
Construction & Mining Equipment - 3.26%
National Oilwell Varco, Inc. *	18,500		2,673,250
Rowan Companies, Inc.	54,200		1,982,636
			4,655,886
Crude Petroleum & Natural Gas - 5.35%
Southwestern Energy Company *	84,400		3,532,140
Ultra Petroleum Corp. *	66,400		4,119,456
			7,651,596
Energy - 1.36%
McDermott International, Inc. *	36,000		1,946,880
Financial Services - 7.77%
Affiliated Managers Group, Inc. *	49,900		6,362,749
Eaton Vance Corp.	36,000		1,438,560
T. Rowe Price Group, Inc.	59,600		3,319,124
			11,120,433
Healthcare Products - 6.21%
Herbalife, Ltd.	32,100		1,459,266
Hologic, Inc. *	52,400		3,196,400
NutriSystem, Inc. * (a)	90,000		4,220,100
			8,875,766
Healthcare Services - 4.62%
Covance, Inc. *	34,200		2,664,180
Pediatrix Medical Group, Inc. *	60,300		3,944,826
			6,609,006
Industrial Machinery - 7.47%
FMC Technologies, Inc. *	38,200		2,202,612
Terex Corp. *	76,900		6,845,638
The Manitowoc Company, Inc.	37,000		1,638,360
			10,686,610
Industrials - 2.44%
Aecom Technology Corp. *	57,300		2,001,489
Harsco Corp.	25,200		1,493,604
			3,495,093

The accompanying notes are an integral part of the financial statements. 

63

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Dynamic Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Internet Software - 7.29%
Akamai Technologies, Inc. *		121,300	$	3,484,949
Digital River, Inc. *		63,500		2,841,625
F5 Networks, Inc. *		110,100		4,094,619
				10,421,193
Life Sciences - 1.53%
Pharmaceutical Product Development, Inc.		61,900		2,193,736
Manufacturing - 3.09%
General Cable Corp. *		22,300		1,496,776
Roper Industries, Inc.		44,700		2,927,850
				4,424,626
Retail Grocery - 1.06%
Whole Foods Market, Inc. (a)		31,000		1,517,760
Retail Trade - 8.40%
Abercrombie & Fitch Company, Class A		25,200		2,033,640
Dick's Sporting Goods, Inc. *		50,400		3,384,360
Tiffany & Company		36,900		1,931,715
Urban Outfitters, Inc. *		213,900		4,663,020
				12,012,735
Semiconductors - 5.83%
MEMC Electronic Materials, Inc. *		111,100		6,539,346
Tessera Technologies, Inc. *		48,000		1,800,000
				8,339,346
Software - 5.45%
Activision, Inc. *		147,700		3,188,843
Citrix Systems, Inc. *		54,300		2,189,376
VeriFone Holdings, Inc. *		54,400		2,411,552
				7,789,771
Steel - 1.20%
Allegheny Technologies, Inc.		15,600		1,715,220
Telecommunications Equipment &
Services - 5.01%
Comverse Technology, Inc. *		198,500		3,930,300
SBA Communications Corp. *		91,800		3,238,704
				7,169,004
Trucking & Freight - 2.79%
Oshkosh Truck Corp.		64,400		3,990,868
TOTAL COMMON STOCKS (Cost $104,061,812)			$	141,302,932
SHORT TERM INVESTMENTS - 4.70%
John Hancock Cash Investment Trust (c)	$	6,728,383	$	6,728,383
TOTAL SHORT TERM INVESTMENTS
(Cost $6,728,383)			$	6,728,383

Dynamic Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.74%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$ 2,489,850 on 10/01/2007,
collateralized by $2,505,000
Federal National Mortgage
Association, 6.00% due
08/22/2016 (valued at $2,539,444,
including interest)	$	2,489,000	$	2,489,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,489,000)			$	2,489,000
Total Investments (Dynamic Growth Trust)
(Cost $113,279,195) - 105.24%			$	150,520,315
Liabilities in Excess of Other Assets - (5.24)%				(7,494,361)
TOTAL NET ASSETS - 100.00%			$	143,025,954
Emerging Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.85%
Aerospace - 0.41%
Argon ST, Inc. *		5,930	$	117,414
Auto Parts - 1.34%
LKQ Corp. *		11,050		384,651
Banking - 4.12%
Boston Private Financial Holdings, Inc. (a)		12,700		353,568
IBERIABANK Corp.		5,000		263,250
PrivateBancorp, Inc. (a)		8,800		306,592
Umpqua Holdings Corp.		12,720		254,527
				1,177,937
Biotechnology - 2.13%
Exelixis, Inc. *		27,600		292,284
Martek Biosciences Corp. * (a)		10,900		316,427
				608,711
Broadcasting - 1.51%
Acacia Research - Acacia Technologies *		29,450		432,326
Buildings - 0.02%
Modtech Holdings, Inc. *		3,500		6,475
Business Services - 7.87%
Access Integrated Technologies, Inc. *		23,150		129,640
Barrett Business Services, Inc.		18,550		442,047
Euronet Worldwide, Inc. * (a)		27,150		808,255
FTI Consulting, Inc. *		10,750		540,832
Hill International, Inc. * (a)		28,100		252,900
Seachange International, Inc. *		11,100		76,812
				2,250,486
Chemicals - 0.25%
American Vanguard Corp.		3,700		72,224

The accompanying notes are an integral part of the financial statements. 

64

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Commercial Services - 4.40%
Providence Service Corp. * (a)	14,180	$	416,325
Stantec, Inc. *	14,150		467,233
Team, Inc. *	13,699		375,078
			1,258,636
Computers & Business Equipment - 4.02%
Lasercard Corp. * (a)	33,900		376,629
Stratasys, Inc. *	7,500		206,700
Trident Microsystems, Inc. *	35,700		567,273
			1,150,602
Containers & Glass - 0.59%
Mobile Mini, Inc. *	7,000		169,120
Drugs & Health Care - 1.38%
Matrixx Initiatives, Inc. *	20,050		396,188
Electronics - 3.87%
Measurement Specialties, Inc. *	18,850		525,915
Medis Technologies, Ltd. * (a)	44,650		580,450
			1,106,365
Energy - 2.41%
InterOil Corp. * (a)	21,796		688,754
Financial Services - 1.93%
FCStone Group, Inc. *	7,125		229,924
Portfolio Recovery Associates, Inc. * (a)	6,050		321,073
			550,997
Food & Beverages - 0.91%
Smart Balance, Inc. *	21,000		259,140
Healthcare Products - 9.53%
Caliper Life Sciences, Inc. * (a)	28,400		163,016
Kyphon, Inc. *	5,141		359,870
Nuvasive, Inc. *	16,350		587,456
ResMed, Inc. *	10,500		450,135
SenoRx, Inc. *	17,040		145,351
Somanetics Corp. *	18,800		350,056
SonoSite, Inc. * (a)	14,900		454,748
Spectranetics Corp. * (a)	15,900		214,332
			2,724,964
Healthcare Services - 1.30%
Healthextras, Inc. *	13,350		371,531
Hotels & Restaurants - 1.99%
McCormick & Schmick's Seafood
Restaurants, Inc. *	15,650		294,690
Texas Roadhouse, Inc., Class A *	23,350		273,195
			567,885
Household Products - 0.73%
Select Comfort Corp. * (a)	15,050		209,948
Industrial Machinery - 1.07%
Flow International Corp. *	34,700		306,054
Insurance - 2.40%
Infinity Property & Casualty Corp.	9,500		382,090

Emerging Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
ProAssurance Corp. *	5,650	$	304,366
			686,456
International Oil - 1.41%
ATP Oil & Gas Corp. * (a)	8,550		402,106
Leisure Time - 4.46%
Bally Technologies, Inc. *	12,452		441,174
Imax Corp. *	65,650		275,730
Pinnacle Entertainment, Inc. *	9,850		268,216
Progressive Gaming International Corp. *	58,400		292,000
			1,277,120
Manufacturing - 6.15%
Force Protection, Inc. * (a)	46,500		1,007,190
iRobot Corp. * (a)	24,400		485,072
Raven Industries, Inc. (a)	6,700		268,335
			1,760,597
Medical-Hospitals - 3.45%
Electro-Optical Sciences, Inc. *	31,823		175,027
EV3, Inc. * (a)	16,150		265,183
Neurometrix, Inc. * (a)	14,800		129,204
Northstar Neuroscience, Inc. *	17,420		194,407
Vital Images, Inc. * (a)	11,450		223,504
			987,325
Metal & Metal Products - 1.16%
Haynes International, Inc. *	3,900		332,943
Petroleum Services - 2.30%
Superior Energy Services, Inc. *	10,900		386,296
TETRA Technologies, Inc. *	12,850		271,649
			657,945
Pharmaceuticals - 3.55%
AMAG Pharmaceuticals, Inc. * (a)	5,750		328,900
Inspire Pharmaceuticals, Inc. *	32,100		172,377
Medicis Pharmaceutical Corp., Class A (a)	16,893		515,405
			1,016,682
Publishing - 0.94%
VistaPrint, Ltd. *	7,190		268,690
Retail Trade - 2.10%
A.C. Moore Arts & Crafts, Inc. *	16,550		260,828
Hibbett Sports, Inc. *	13,650		338,520
			599,348
Semiconductors - 6.53%
Cymer, Inc. *	10,700		410,773
FormFactor, Inc. *	14,653		650,154
Mattson Technology, Inc. *	46,500		402,225
Netlogic Microsystems, Inc. * (a)	11,250		406,237
			1,869,389
Software - 7.53%
Allscripts Healthcare Solution, Inc. * (a)	20,550		555,466
Concur Technologies, Inc. *	18,050		568,936
DivX, Inc. * (a)	16,750		249,073

The accompanying notes are an integral part of the financial statements. 

65

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Software (continued)
FARO Technologies, Inc. *		7,165	$	316,335
Progress Software Corp. *		15,345		464,953
				2,154,763
Telecommunications Equipment &
Services - 2.64%
Comtech Telecommunications Corp. *		14,127		755,653
Trucking & Freight - 2.45%
Celadon Group, Inc. *		25,625		301,606
ID Systems, Inc. * (a)		32,600		399,024
				700,630
TOTAL COMMON STOCKS (Cost $27,244,736)			$	28,280,055
WARRANTS - 0.00%
Medical-Hospitals - 0.00%
Electro-Optical Sciences, Inc.
(Expiration Date: 10/31/2011, Strike
Price: $6.70) *		860		0
(Expiration Date: 08/03/2012, Strike
Price: $8.00) *		6,521		0
TOTAL WARRANTS (Cost $0)			$	0
SHORT TERM INVESTMENTS - 33.43%
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2007	$	473,000	$	473,000
John Hancock Cash Investment Trust (c)		9,090,022		9,090,022
TOTAL SHORT TERM INVESTMENTS
(Cost $9,563,022)			$	9,563,022
REPURCHASE AGREEMENTS - 0.00%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$1,000 on 10/01/2007,
collateralized by $5,000 Federal
Home Loan Mortgage Corp.,
6.625% due 08/28/2022 (valued at
$5,069, including interest)	$	1,000	$	1,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,000)			$	1,000
Total Investments (Emerging Growth Trust)
(Cost $36,808,758) - 132.28%			$	37,844,077
Liabilities in Excess of Other Assets - (32.28)%				(9,235,711)
TOTAL NET ASSETS - 100.00%			$	28,608,366

Emerging Markets Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 94.26%
Bermuda - 0.21%
Brilliance China Automotive Holdings, Ltd. *	444,000	$	121,155
Cosco Pacific, Ltd.	222,000		702,925
Digital China Holdings, Ltd.	103,000		59,791
TPV Technology, Ltd.	294,000		211,155
			1,095,026
Brazil - 4.51%
Aracruz Celulose SA, SADR	30,334		2,232,279
Braskem SA, SADR	117,951		2,221,017
Eternit SA *	30,000		136,126
Gerdau SA, SADR	404,467		10,605,125
Perdigao SA, SADR	55,380		2,431,736
Sadia SA, SADR *	53,813		2,997,384
Votorantim Celulose & Papel SA, SADR *	107,448		3,075,162
			23,698,829
Cayman Islands - 0.01%
TCL Communication Technology
Holdings, Ltd. *	1,100,000		39,644
Chile - 4.10%
Cementos Bio Bio SA	50,384		146,340
Companhia de Consumidores de Gas de
Santiago SA	6,505		33,716
Companhia Sudamericana de Vapores SA *	496,609		1,262,709
Compania de Telecomunicaciones de Chile
SA, SADR	210,360		1,731,263
Corpbanca SA, SADR	9,112		339,058
Cristalerias de Chile SA	20,728		291,901
Empresas CMPC SA	50,074		1,792,292
Empresas Copec SA	393,722		6,314,646
Empresas Iansa SA	439,146		41,830
Enersis SA, SADR	447,410		7,937,053
Industrias Forestales SA	77,846		23,600
Madeco SA, SADR *	41,326		507,483
Masisa SA	3,956,640		967,346
Soquimich Comercial SA	129,645		70,493
Vina San Pedro SA *	9,266,334		102,600
			21,562,330
China - 2.01%
AviChina Industry & Technology Co., Ltd. *	304,000		61,041
Bank of China, Ltd.	3,498,000		1,877,486
Chaoda Modern Agriculture Holdings, Ltd.	374,000		302,791
China Construction Bank	1,419,000		1,298,593
China Petroleum & Chemical Corp., SADR	1,700		209,287
China Shipping Container Lines Company, Ltd.	578,150		446,491
China Travel International Investment
Hong Kong, Ltd.	404,000		299,519
Dongfeng Motor Group Company, Ltd.	496,000		434,760
Guangshen Railway Company, Ltd., SADR	6,700		292,321
Hunan Non Ferrous Metal Corp., Ltd.	184,000		189,702
Industrial & Commercial Bank of China	1,659,000		1,159,490
Maanshan Iron & Steel Company, Ltd.	298,000		324,878
PetroChina Company, Ltd., SADR	15,800		2,924,738

The accompanying notes are an integral part of the financial statements. 

66

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China (continued)
Qingling Motors Company, Ltd.	230,000	$	60,392
Semiconductor Manufacturing International
Corp., SADR *	59,100		354,009
Shanghai Electric Group Company, Ltd.	184,000		143,756
Sinopec Shanghai Petrochemical Company,
Ltd., SADR	700		56,805
Sinotrans, Ltd.	215,000		131,171
			10,567,230
Czech Republic - 1.03%
Telefonica Czech Republic AS	140,812		3,974,532
Unipetrol AS *	90,417		1,431,229
			5,405,761
Hong Kong - 1.60%
Amvig Holdings, Ltd.	38,000		58,008
Beijing Capital Land, Ltd.	120,000		108,119
Beijing Enterprises Holdings, Ltd.	90,000		457,573
Catic Shenzhen Holdings, Ltd. *	74,000		76,198
China Aerospace International Holdings, Ltd. *	387,000		63,261
China Haidian Holdings, Ltd. *	402,000		45,016
China Rare Earth Holdings, Ltd.	116,000		35,535
China Resources Enterprises, Ltd.	234,000		995,424
China Unicom, Ltd., SADR	62,600		1,304,584
China Unicom, Ltd.	118,000		244,224
Chongqing Iron & Steel Company, Ltd. *	110,000		73,340
Citic Pacific, Ltd.	230,000		1,468,353
CNPC Hong Kong, Ltd.	420,000		266,512
COFCO International, Ltd. *	240,000		152,602
Comba Telecom Systems Holdings, Ltd.	148,000		55,624
Cosco International Holdings, Ltd.	66,000		66,431
Dalian Port PDA Company, Ltd.	140,000		114,065
Denway Motors, Ltd.	774,000		452,291
Dynasty Fine Wines Group, Ltd.	132,000		51,650
Global Bio-Chem Technology
Group Company, Ltd.	256,000		97,533
Great Wall Motor Company, Ltd.	74,000		110,296
Great Wall Technology Company, Ltd. *	142,000		64,519
Guangzhou Pharmaceutical Company, Ltd.	58,000		67,188
Hainan Meilan International Airport Company,
Ltd. *	58,000		77,789
Harbin Power Equipment Company, Ltd.	46,000		115,218
Kingway Brewery Holdings, Ltd.	134,000		41,911
Lianhua Supermarket Holdings, Ltd.	32,000		53,544
Minmetals Resources, Ltd.	124,000		100,231
Neo-China Group Holdings, Ltd.	420,000		107,578
Shanghai Industrial Holdings, Ltd.	91,000		455,044
Shanghai Prime Machinery Company, Ltd.	156,000		74,092
Shanghai Real Estate, Ltd.	254,000		109,848
Shenzhen International Holdings, Ltd.	935,000		139,602
Shenzhou International Group Holdings, Ltd.	88,000		41,682
Sinolink Worldwide Holdings, Ltd.	182,000		58,330
Sinopec Kantons Holdings, Ltd.	148,000		48,005
Skyworth Digital Holdings, Ltd.	420,000		61,087

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
Stone Group Holdings, Ltd. *	550,000	$	66,544
TCL Multimedia Technology Holdings, Ltd. *	830,000		49,677
Travelsky Technology, Ltd.	112,000		120,084
Weiqiao Textile Company, Ltd.	57,000		107,115
Xiamen International Port Company, Ltd.	162,000		59,427
Xiwang Sugar Holdings Company, Ltd.	102,000		52,252
Zhejiang Glass Company, Ltd. *	54,000		54,005
			8,421,411
Hungary - 3.22%
Egis Nyrt.	3,374		439,717
Fotex PLC *	60,581		349,945
Gedeon Richter Rt.	10,639		2,267,960
MOL Magyar Olaj & Gazipari Rt.	83,400		13,474,108
Pannonplast PLC *	2,902		150,854
Raba Jarmuipari Holding Nyilvanosan
Mukodo Rt. *	17,388		265,150
			16,947,734
India - 12.49%
Aarti Industries, Ltd.	51,087		41,220
Aditya Birla Nuvo, Ltd.	17,432		667,216
Ador Welding, Ltd.	8,367		55,390
Aftek, Ltd. *	28,740		55,147
Alembic, Ltd.	73,121		151,183
Alok Industries, Ltd.	35,798		63,815
Ambuja Cements, Ltd. *	595,078		2,164,397
Amtek Auto, Ltd.	43,544		396,354
Apollo Hospitals Enterprise, Ltd.	16,657		204,517
Apollo Tyres, Ltd.	115,200		113,283
Arvind Mills, Ltd. *	104,084		162,451
Ashok Leyland, Ltd.	371,631		425,886
Aurobindo Pharma, Ltd.	11,000		166,414
Avaya Global Connect, Ltd. *	5,668		45,590
Aztecsoft, Ltd.	22,751		39,582
Bajaj Auto Finance, Ltd.	13,322		119,918
Bajaj Auto, Ltd.	23,398		1,492,611
Bajaj Hindusthan, Ltd.	36,988		159,246
Ballarpur Industries, Ltd.	72,108		249,814
Balmer Lawrie & Company, Ltd.	5,100		57,758
Balrampur Chini Mills, Ltd.	78,415		149,277
Bank of Maharashtra	152,501		236,865
Bank of Rajasthan	41,033		131,397
BASF India, Ltd.	8,277		54,679
Bata India, Ltd. *	12,773		60,226
Bharat Earth Movers, Ltd.	11,693		381,497
Bharat Forge, Ltd.	14,230		102,617
Bhushan Steel, Ltd.	13,535		317,762
Biocon, Ltd.	6,200		74,272
BOC India, Ltd.	11,000		40,716
Bombay Burmah Trading Company, Ltd.	3,000		49,924
Bombay Dyeing & Manufacturing Company,
Ltd.	6,442		109,478

The accompanying notes are an integral part of the financial statements. 

67

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
Bosch Chassis Systems India, Ltd.	2,180	$	21,915
Ceat, Ltd.	12,858		53,332
Chambal Fertilizers & Chemicals, Ltd.	122,137		179,695
Cholamandalam DBS Finance, Ltd.	12,046		48,764
City Union Bank, Ltd.	13,014		72,191
Clariant Chemicals India, Ltd. *	1,800		12,964
Coromandel Fertilisers, Ltd.	28,000		86,203
Cranes Software International, Ltd. *	13,600		38,578
Dabur Pharma, Ltd. *	29,200		54,483
Dalmia Cement Bharat, Ltd.	12,925		128,403
DCM Shriram Consolidated, Ltd.	39,804		71,208
Deepak Fertilizers & Petrochemicals Corp.,
Ltd.	25,890		77,552
Dr. Reddy's Laboratories, Ltd., SADR	26,500		433,540
Eicher Motors, Ltd.	8,249		87,357
EID Parry India, Ltd.	28,585		111,897
EIH, Ltd.	112,100		346,249
Elder Pharmaceuticals, Ltd.	7,799		85,541
Electrosteel Castings, Ltd. *	80,000		96,117
Escorts, Ltd. *	17,876		53,412
Essel Propack, Ltd.	34,800		52,955
Eveready Industries, Ltd. *	12,000		14,523
FAG Bearings India, Ltd.	990		16,974
FDC, Ltd.	28,000		23,616
Federal Bank, Ltd.	26,318		248,183
Finolex Cables, Ltd.	54,200		101,745
Finolex Industries, Ltd.	36,402		72,464
Gammon India, Ltd.	40,645		469,375
GlaxoSmithKline Consumer Healthcare, Ltd.	5,810		98,152
Godfrey Philips India, Ltd.	860		32,852
Graphite India, Ltd.	75,117		109,285
Great Eastern Shipping Company, Ltd.	51,265		438,066
GTL, Ltd.	47,854		290,913
Gujarat Alkalies & Chemicals, Ltd.	21,556		88,811
Gujarat Ambuja Exports, Ltd.	77,000		66,885
Gujarat Narmada Valley Fertilizers Company,
Ltd.	41,702		166,556
Gujarat State Fertilisers & Chemicals, Ltd.	23,600		144,480
HCL Infosystems, Ltd. *	71,682		406,578
HEG, Ltd.	20,234		111,323
Hexaware Technologies, Ltd.	44,970		140,545
Himatsingka Seide, Ltd.	28,000		71,624
Hinduja TMT, Ltd.	5,620		61,656
Hindustan Construction Company, Ltd.	53,020		182,883
Hindustan Motors, Ltd. *	62,437		56,203
Hotel Leela Venture, Ltd.	112,448		143,608
ICI India, Ltd.	9,700		129,627
ICICI Bank, Ltd., SADR	292,410		15,415,855
iGATE Global Solutions, Ltd.	12,500		69,339
India Cements, Ltd.	61,036		450,921
India Glycols, Ltd.	11,700		75,581
Indian Hotels Company, Ltd.	290,860		1,012,070

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
IndusInd Bank, Ltd.	131,779	$	250,533
Industrial Development Bank of India, Ltd.	208,923		830,213
Infomedia India, Ltd.	4,400		26,848
Ipca Laboratories, Ltd.	5,887		98,710
Jammu & Kashmir Bank, Ltd.	14,370		284,429
JB Chemicals & Pharmaceuticals, Ltd.	20,800		36,188
JBF Industries, Ltd.	16,838		69,203
Jet Airways India, Ltd.	16,525		378,167
Jindal Saw, Ltd.	15,200		254,081
Jindal Stainless, Ltd.	44,041		187,835
JK Tyre & Industries, Ltd.	4,510		14,414
JSW Steel, Ltd.	51,075		1,097,224
Karnataka Bank, Ltd.	37,324		210,336
Karur Vysya Bank, Ltd.	15,800		132,981
Kesoram Industries, Ltd.	9,211		133,323
Kirloskar Oil Engines, Ltd.	34,562		308,234
Lanxess ABS, Ltd.	4,800		23,703
LIC Housing Finance, Ltd.	23,279		140,666
Mahindra & Mahindra, Ltd.	160,326		3,044,011
Mangalam Cement, Ltd.	14,461		84,739
Maruti Udyog, Ltd.	60,042		1,510,966
Mastek, Ltd.	18,261		138,132
Matrix Laboratories, Ltd. *	43,893		255,655
Mercator Lines, Ltd.	55,549		102,246
Merck, Ltd.	5,500		54,917
Monnet Ispat & Energy, Ltd.	17,371		178,309
Moser Baer India, Ltd.	70,156		564,202
MRF, Ltd.	920		87,336
Mukand, Ltd.	22,832		52,014
Nagarjuna Construction Company, Ltd.	60,700		389,515
Nagarjuna Fertilizers & Chemicals, Ltd. *	125,682		192,516
Nahar Spinning Mills, Ltd.	6,600		14,228
Natco Pharma, Ltd.	3,500		10,162
National Organic Chemical Industries, Ltd.	80,240		72,430
Navneet Publications India, Ltd.	30,000		62,821
Nirma, Ltd.	27,700		112,797
Orchid Chemicals & Pharmaceuticals, Ltd.	20,218		114,191
Orient Paper & Industries, Ltd.	5,177		70,097
Patni Computer Systems, Ltd.	35,839		424,718
Petronet LNG, Ltd.	238,460		482,512
Polaris Software Lab, Ltd.	26,963		83,384
Polyplex Corp., Ltd.	1,700		7,780
PSL, Ltd.	10,200		102,862
PTC India, Ltd.	41,049		94,549
Punjab Tractors, Ltd. *	17,492		108,498
Rain Calcining, Ltd.	48,902		55,240
Rallis India, Ltd.	4,273		44,928
Raymond, Ltd.	13,115		106,828
Rei Agro, Ltd.	13,800		204,616
Reliance Industries, Ltd., GDR	118,240		13,538,480
Rolta India, Ltd. *	24,325		351,443
Ruchi Soya Industries, Ltd.	9,195		86,710

The accompanying notes are an integral part of the financial statements. 

68

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
Seamec, Ltd. *	10,845	$	56,467
Shasun Chemicals & Drugs, Ltd.	16,407		37,315
Shriram Transport Finance Company, Ltd.	54,419		268,939
Sical Logistics, Ltd. *	6,851		41,165
Sonata Software, Ltd.	29,000		35,171
South Indian Bank, Ltd.	20,294		83,842
SREI Infrastructure Finance, Ltd.	22,993		66,382
SRF, Ltd.	24,910		91,418
Sterlite Optical Technologies, Ltd.	16,753		100,112
Strides Arcolab, Ltd.	8,709		61,497
Sundram Fasteners, Ltd.	17,700		23,877
Supreme Industries, Ltd. *	7,790		45,176
Syndicate Bank, Ltd.	164,597		385,139
Tata Chemicals, Ltd.	56,208		423,048
Tata Investment Corp., Ltd.	6,431		94,211
Tata Metaliks, Ltd.	7,900		29,281
Tata Motors, Ltd.	149,148		3,027,336
Tele Data Informatics, Ltd. *	46,948		70,019
Trent, Ltd.	4,173		59,765
Tube Investments of India, Ltd.	78,362		118,551
TVS Motor Company, Ltd.	51,986		92,083
Unichem Laboratories, Ltd.	9,000		49,697
United Phosphorus, Ltd.	59,452		596,843
Usha Martin, Ltd.	64,955		97,121
Varun Shipping Company, Ltd.	66,246		109,575
Videsh Sanchar Nigam, Ltd., SADR	29,647		649,862
Wockhardt, Ltd.	18,700		196,171
Zensar Technologies, Ltd.	6,485		32,368
Zuari Industries, Ltd.	9,200		65,532
			65,652,434
Indonesia - 2.78%
Apexindo Pratama Duta Tbk PT	969,500		249,133
Astra Graphia Tbk PT	606,000		38,434
Astra International Tbk PT	2,336,500		4,918,275
Bakrie & Brothers Tbk PT *	10,694,000		350,815
Bank Central Asia Tbk PT	3,073,000		2,066,588
Bank Niaga Tbk PT	5,630,500		535,652
Bank Pan Indonesia Tbk PT *	6,447,500		493,521
Berlian Laju Tanker Tbk PT	2,173,500		463,458
Bhakti Investama Tbk PT *	582,000		61,732
Charoen Pokphand Indonesia Tbk PT	561,750		73,098
Ciputra Surya Tbk PT *	896,000		102,876
Davomas Abadi Tbk PT *	500,000		13,669
Enseval Putera Megatrading Tbk PT	1,244,000		115,626
Gudang Garam Tbk PT	231,000		237,441
Holcim Indonesia Tbk PT *	2,879,500		358,954
Indocement Tunggal Prakarsa Tbk PT	768,000		512,280
Indofood Sukses Makmur Tbk PT	5,312,500		1,121,173
Kawasan Industri Jababeka Tbk PT *	6,349,500		197,879
Lippo Karawaci Tbk PT	2,705,500		529,562
Matahari Putra Prima Tbk PT	2,266,500		190,837

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Indonesia (continued)
Medco Energi Internasional Tbk PT	1,497,000	$	679,338
Mitra Adiperkasa Tbk PT	837,000		72,305
Panin Insurance Tbk PT *	1,544,000		54,872
Panin Life Tbk PT *	6,381,500		133,282
Polychem Indonesia Tbk PT *	1,954,500		43,813
Ramayana Lestari Sentosa Tbk PT	2,048,000		190,355
Samudera Indonesia Tbk PT	58,500		42,220
Summarecon Agung Tbk PT	133,916		20,648
Suryainti Permata Tbk PT *	361,500		59,690
Tempo Scan Pacific Tbk PT	2,108,000		186,712
Timah Tbk PT	193,000		279,634
Trias Sentosa Tbk PT	2,019,500		52,999
Trimegah Securities Tbk PT	1,540,500		47,167
Tunas Ridean Tbk PT	949,000		106,886
			14,600,924
Israel - 2.87%
Albaad Massuot Yitzhak, Ltd.	2,107		21,563
American Israeli Paper Mills, Inc. *	464		27,738
AudioCodes, Ltd. *	21,648		111,688
Azorim Investment Development &
Construction Company, Ltd.	15,586		156,519
Bank Hapoalim, Ltd.	1,027,790		5,243,827
Bank Leumi Le-Israel, Ltd.	992,901		4,344,251
Blue Square Israel, Ltd.	3,239		45,868
Clal Industries & Investments, Ltd.	8,394		48,049
Clal Insurance Enterprise Holdings, Ltd.	5,517		143,486
Delta Galil Industries, Ltd. *	4,777		28,117
Discount Investment Corp.	17,589		545,005
Electra, Ltd. *	731		125,442
Elron Electronic Industries, Ltd. *	22,510		284,316
First International Bank of Israel, Ltd. *	44,364		114,940
Formula Systems, Ltd., GDR *	3,500		47,810
Formula Systems, Ltd. *	8,342		113,773
Frutarom Industries, Ltd.	6,261		54,523
IDB Development Corp., Ltd.	7,772		261,517
Israel Salt Industries, Ltd. *	17,450		127,249
Ituran Location & Control, Ltd.	2,562		30,230
Koor Industries, Ltd.	10,990		872,526
Leader Holding & Investments, Ltd.	21,500		57,629
Mivtach Shamir Holdings, Ltd.	4,391		106,005
Orbotech, Ltd. *	15,238		320,455
Radvision, Ltd. *	2,526		45,987
Retalix, Ltd. *	15,416		286,566
Scailex Corp., Ltd. *	14,736		133,864
Super-Sol, Ltd. *	13,964		53,660
Tower Semiconductor, Ltd. *	115,422		192,179
Union Bank of Israel, Ltd.	24,593		118,987
United Mizrahi Bank, Ltd.	130,445		972,331
Urdan Industries, Ltd.	59,725		48,651
			15,084,751

The accompanying notes are an integral part of the financial statements. 

69

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia - 4.71%
Affin Holdings BHD	715,700	$	525,092
AMDB BHD *	330,000		38,738
AMMB Holdings BHD *	1,815,700		2,312,586
Ann Joo Resources BHD	32,000		36,437
Asas Dunia BHD	24,000		7,959
Asia Pacific Land BHD	282,100		47,603
Bandar Raya Developments BHD	240,800		196,456
Batu Kawan BHD	239,000		610,213
Berjaya Corp. BHD *	1,312,300		209,891
Berjaya Land BHD	468,100		397,009
Bolton BHD	177,100		62,368
Boustead Holdings BHD	324,100		467,960
Boustead Properties BHD	33,000		48,035
Cahya Mata Sarawak BHD	241,600		168,039
Dijaya Corp. BHD	40,900		17,044
DNP Holdings BHD *	15,000		9,420
DRB-Hicom BHD	798,300		449,813
Eastern & Oriental BHD *	70,400		55,783
Eastern Pacific Industrial Corp. BHD	155,600		117,813
ECM Libra Avenue BHD	516,600		139,478
Edaran Otomobil Nasional BHD *	168,000		99,099
EON Capital BHD	376,200		756,264
Esso Malaysia BHD	92,100		66,490
General Corp. BHD	222,500		71,174
Globetronics Technology BHD	952,200		78,244
Glomac BHD	231,300		96,389
Goldis BHD	163,200		107,762
GuocoLand Malaysia BHD	492,500		433,602
Hap Seng Consolidated BHD	253,900		230,988
Hong Leong Credit BHD	275,700		469,277
Hong Leong Industries BHD	25,000		29,200
Hume Industries Malaysia BHD	112,800		116,524
Hunza Properties BHD	113,800		88,836
Hwang-DBS Malaysia BHD	105,200		70,699
IGB Corp., BHD	944,300		767,633
IJM Plantations BHD	164,900		116,144
Insas BHD *	466,600		84,214
Integrated Logistics BHD	155,100		60,538
Jaks Resources BHD *	246,000		61,365
Jaya Tiasa Holdings BHD	60,900		71,132
K & N Kenanga Holdings BHD	323,600		97,816
Karambunai Corp. BHD *	1,978,300		78,377
Keck Seng BHD	148,200		193,976
Kian Joo Can Factory BHD	517,600		224,812
Kim Loong Resources BHD	21,000		14,853
KLCC Property Holdings BHD	595,000		593,690
KPJ Healthcare BHD	84,000		78,392
KSL Holdings BHD	200,500		116,505
KUB Malaysia BHD *	534,400		143,500
Kulim Malaysia BHD	167,600		334,462
Kumpulan Hartanah Selangor BHD *	410,800		113,927
Kwantas Corp. BHD	28,000		56,698

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia (continued)
Land & General BHD *	1,081,300	$	184,051
LBS Bina Group BHD *	210,000		41,291
Leader Universal Holdings BHD	639,800		204,661
Lion Corp., BHD *	549,100		105,550
Lion Industries Corp., BHD	422,500		236,823
MAA Holdings BHD	133,400		80,255
Malaysia Building Society BHD	177,300		84,292
Malaysian Industrial Development Finance
BHD	513,900		283,531
Malaysian Plantations BHD	542,300		493,362
MBM Resources BHD	60,500		60,012
Measat Global BHD *	63,200		28,006
Mega First Corp. BHD	163,700		67,738
Melewar Industrial Group BHD *	53,000		24,109
MK Land Holdings BHD	632,500		152,208
MNRB Holdings BHD	10,000		14,145
MTD ACPI Engineering BHD	141,900		78,706
MTD Infraperdana BHD	435,700		103,571
Mulpha International BHD *	831,100		346,343
Nam Fatt Corp. BHD *	242,200		48,689
New Straits Times Press BHD *	154,900		88,190
Nylex Malaysia BHD	74,000		30,404
Oriental Holdings BHD	281,300		569,617
OSK Holdings BHD	363,100		248,283
PacificMas BHD	89,000		92,983
Padiberas Nasional BHD	364,500		219,288
Panasonic Manufacturing Malaysia BHD	48,200		154,183
PBA Holdings BHD	32,000		12,208
Permaju Industries BHD *	48,000		8,663
PJ Development Holdings BHD	480,100		128,919
POS Malaysia & Services Holdings BHD *	437,700		387,925
PPB Group BHD	624,100		1,685,024
Protasco BHD	172,400		52,112
Proton Holdings BHD *	289,000		449,508
Ramunia Holdings BHD *	244,000		72,323
Ranhill BHD	372,100		327,601
RB Land Holdings BHD *	306,000		258,630
Sarawak Energy BHD	299,300		206,414
Sarawak Oil Palms BHD	50,300		59,341
Scientex, Inc. BHD	50,000		20,103
Selangor Dredging BHD	326,900		95,935
Shangri-La Hotels BHD	101,900		74,762
Shell Refining Company Federation
of Malaya BHD	161,700		521,996
SHL Consolidated BHD	172,300		100,624
Southern Steel BHD	36,000		18,172
Sumatec Resources BHD *	30,000		7,175
Sunway City BHD *	265,700		388,316
Sunway Holdings, Inc. BHD *	449,000		217,417
Suria Capital Holdings BHD	572,200		270,357
TA Enterprise BHD	879,500		379,417
Talam Corp. BHD *	360,000		33,280

The accompanying notes are an integral part of the financial statements. 

70

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia (continued)
Tan Chong Motor Holdings BHD	507,300	$	198,007
TDM BHD	160,500		61,233
Tebrau Teguh BHD *	316,000		120,558
TH Group BHD	269,200		58,067
Time.Com BHD *	671,600		185,269
Tradewinds Corp. BHD *	551,900		218,654
Tradewinds Plantation BHD	261,100		209,953
Unico-Desa Plantations BHD	354,500		71,784
Unisem M BHD	289,700		136,029
United Malacca BHD	65,200		113,849
Utama Banking Group BHD *	381,500		275,419
V.S. Industry BHD	130,800		153,544
WTK Holdings BHD	268,500		193,840
Yi-Lai BHD	97,000		34,160
YTL Corp. BHD	494,100		1,087,528
			24,774,726
Mexico - 8.53%
Alfa SA de CV	425,200		2,874,208
Cemex SA, SADR *	576,073		17,236,104
Coca-Cola Femsa SA de CV, ADR	17,400		746,634
Consorcio ARA SA de CV	82,800		110,955
Controladora Comercial Mexicana SA de CV	427,800		1,135,191
Dine SA de CV *	103,000		94,120
Embotelladoras Arca SA de CV	4,574		16,961
Empresas ICA SA de CV, SADR *	109,824		2,635,776
Empresas ICA Sociedad
Controladora SA de CV *	46,900		282,923
Fomento Economico Mexicano SA de CV,
SADR	240,775		9,004,985
Gruma SA de CV, SADR	17,010		223,001
Gruma SA de CV	17,000		55,187
Grupo Aeroportuario del Pacifico SA de CV,
Series B, SADR	8,800		480,480
Grupo Aeroportuario del Sureste SA de CV,
ADR	25,567		1,268,635
Grupo Aeroportuario del Sureste SA de CV	28,700		142,496
Grupo Carso SA de CV	662,300		2,526,221
Grupo Cementos de Chihuahua SA de CV	35,500		217,238
Grupo Continential SA de CV	236,800		498,184
Grupo Elektra SA de CV	4,140		84,485
Grupo Financiero Inbursa SA de CV	672,000		1,610,464
Grupo Industrial Saltillo SA de CV	94,000		161,647
Grupo Kuo SA de CV *	164,000		142,511
Grupo Mexicano de Desarrollo SA de CV *	68,200		221,521
Industrias CH SA de CV *	336,700		1,304,915
Organizacion Soriana SA de CV	314,800		967,796
TV Azteca SA de CV *	174,600		95,984
Vitro SA de CV, SADR	90,856		681,420
			44,820,042
Philippines - 0.65%
Benpres Holdings Corp. *	1,899,000		174,355
DMCI Holdings, Inc.	734,000		147,774

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Philippines (continued)
Empire East Land Holdings, Inc. *	2,990,000	$	46,967
Fil-Estate Land, Inc. *	1,744,000		47,073
Filinvest Development Corp.	730,000		87,212
Filinvest Land, Inc. *	10,498,500		404,146
First Philippine Holdings Corp.	252,500		432,937
Megaworld Corp.	3,929,800		299,952
Metropolitan Bank & Trust Company	562,700		697,150
Petron Corp.	1,994,000		251,456
Rizal Commercial Banking Corp.	247,300		127,206
Security Bank Corp.	102,900		173,018
Semirara Mining Corp.	69,400		52,971
Union Bank of Philippines	162,000		197,124
Universal Robina Corp.	828,500		297,857
			3,437,198
Poland - 3.49%
ABG Ster-Projekt SA	30,780		77,705
Agora SA	42,379		819,173
Alchemia SA *	19,168		73,813
Bank BPH SA	10,024		3,437,081
Boryszew SA *	21,543		150,658
Computerland SA	810		15,871
Debica SA	7,977		299,068
Echo Investment SA *	24,553		823,383
Fabryka Kotlow Rafako SA *	16,639		76,551
Fabryki Mebli Forte SA	23,417		82,941
Farmacol SA *	11,755		221,462
Firma Chemiczna Dwory SA *	4,152		269,557
Grupa Kety SA	10,569		772,579
Grupa Lotos SA	51,180		865,872
Impexmetal SA	74,050		259,487
Kredyt Bank SA	45,792		413,240
Krosno SA *	24,403		71,261
MNI SA *	26,192		41,154
Mostostal Plock SA	996		44,284
Netia SA *	137,260		199,119
Opoczno SA *	9,237		150,356
Orbis SA	32,410		903,687
Pekaes SA *	6,380		31,516
Polski Koncern Miesny Duda SA *	11,421		44,669
Polski Koncern Naftowy Orlen SA *	310,483		6,492,890
Praterm SA *	4,280		77,409
Prokom Software SA	12,209		623,342
Prosper SA	6,203		45,717
Softbank SA	26,536		741,402
Zaklady Tluszczowe Kruszwica SA	1,270		22,252
Zelmer SA	7,718		180,303
			18,327,802
South Africa - 11.33%
Aeci, Ltd.	87,243		1,045,714
Afgri, Ltd.	219,629		206,773
African Oxygen, Ltd.	26,078		131,661

The accompanying notes are an integral part of the financial statements. 

71

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Africa (continued)
African Rainbow Minerals, Ltd.	98,885	$	1,889,229
AG Industries, Ltd. *	152,353		85,662
Allied Electronics Corp., Ltd.	10,355		72,154
Allied Technologies, Ltd.	15,669		141,371
Amalgamated Appliance Holding Company,
Ltd. *	78,315		44,489
Argent Industrial, Ltd.	53,021		155,607
Astral Foods, Ltd.	8,230		144,682
Aveng, Ltd.	44,049		351,988
AVI, Ltd.	175,420		548,211
Barloworld, Ltd.	94,081		1,771,477
Bytes Technology Group, Ltd.	21,548		47,711
Capitec Bank Holdings, Ltd.	6,930		39,267
Caxton & CTP Publishers & Printers, Ltd.	164,927		419,332
Ceramic Industries, Ltd.	1,970		48,657
DataTec, Ltd.	131,063		676,366
Dimension Data Holdings, Ltd.	249,960		305,055
Distell Group, Ltd.	5,779		53,719
Ellerine Holdings, Ltd.	58,020		622,946
Gijima Ast Group, Ltd. *	338,992		45,804
Gold Fields, Ltd., SADR	298,500		5,399,865
Gold Fields, Ltd.	3,784		68,254
Grindrod, Ltd.	35,005		131,112
Harmony Gold Mining Company, Ltd., SADR *	205,594		2,448,625
Hulamin, Ltd.	11,536		40,208
Iliad Africa, Ltd. *	16,287		42,333
Illovo Sugar, Ltd.	21,230		75,785
Imperial Holdings, Ltd.	89,724		1,681,616
Investec, Ltd.	53,606		576,255
JD Group, Ltd.	67,054		566,991
Johnnic Communications, Ltd.	18,420		240,858
Johnnic Holdings, Ltd. *	49,173		110,736
Kap International Holdings, Ltd.	189,283		105,877
Lewis Group, Ltd.	70,286		579,002
Liberty Group, Ltd.	99,395		1,263,575
Medi-Clinic Corp., Ltd.	45,899		148,042
Metair Investments, Ltd.	163,437		318,188
Metropolitan Holdings, Ltd.	482,415		1,065,352
Mittal Steel South Africa, Ltd.	181,714		3,618,228
Mustek, Ltd.	76,041		80,870
Mvelaphanda Group, Ltd. *	112,210		163,679
Nampak, Ltd. *	249,019		781,474
Nedbank Group, Ltd.	138,913		2,522,994
New Clicks Holdings, Ltd.	74,503		180,767
Northam Platinum, Ltd.	31,856		228,822
Nu-World Holdings, Ltd. *	19,436		74,266
Oceana Group, Ltd.	43,289		142,139
Omnia Holdings, Ltd.	27,969		327,116
Peregrine Holdings, Ltd.	26,519		76,672
PSG Group, Ltd.	94,832		360,292
Sanlam, Ltd.	2,122,424		6,867,219
Santam, Ltd.	10,338		172,728

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Africa (continued)
Sappi, Ltd., SADR	99,261	$	1,518,693
Sasol, Ltd., SADR	372,432		16,010,852
Steinhoff International Holdings, Ltd. *	480,123		1,360,240
Super Group, Ltd.	174,304		327,949
Telkom SA, Ltd., SADR	3,000		304,350
Tiger Automotive Company, Ltd. *	12,943		24,446
Tiger Wheels, Ltd. *	32,678		34,706
Tongaat Hulett, Ltd.	11,017		163,969
Trans Hex Group, Ltd.	70,871		124,075
Trencor, Ltd.	63,966		319,231
Value Group, Ltd. *	178,661		58,923
			59,555,249
South Korea - 12.67%
Aekyung Petrochemical Company, Ltd.	1,660		77,998
Asia Cement Company, Ltd.	1,260		116,755
Asia Paper Manufacturing Company, Ltd.	1,600		32,607
Bookook Securities Company, Ltd.	2,100		78,249
Boryung Pharmaceutical Company, Ltd.	1,150		51,899
BYC Company, Ltd.	240		54,548
Byucksan Corp.	1,580		30,127
Byucksan Engineering & Construction
Company, Ltd.	7,600		60,541
C. & Woobang Construction Company, Ltd. *	7,230		35,275
Cambridge Members Company, Ltd.	760		25,412
Cheil Industries, Inc.	15,330		1,025,183
Choil Aluminum Manufacturing Company, Ltd.	1,630		21,819
Chokwang Leather Company, Ltd. *	2,200		21,107
Chosun Refractories Company, Ltd.	650		83,811
Crown Confectionery Company, Ltd.	480		75,791
Dae Chang Industrial Company, Ltd.	2,600		23,013
Dae Dong Industrial Company, Ltd.	1,800		43,272
Dae Han Flour Mills Company, Ltd.	500		102,989
Dae Won Kang Up Company, Ltd.	1,500		41,796
Daeduck Electronics Company, Ltd.	15,400		119,983
Daeduck GDS Company, Ltd.	5,010		51,406
Daehan Synthetic Fiber Company, Ltd.	429		79,223
Daekyo Company, Ltd.	2,460		256,712
Daelim Trading Company, Ltd.	1,417		8,532
Daesang Corp. *	3,500		47,806
Daesung Industrial Company, Ltd.	900		209,966
Daewoo Electronic Components Company,
Ltd. *	3,000		18,653
Daewoo Motor Sales Corp.	9,530		487,356
Daewoong Company, Ltd.	620		21,476
Dahaam E-Tec Company, Ltd.	300		10,326
Daishin Securities Company, Ltd.	16,040		531,074
DI Corp. *	12,000		37,764
Digital Power Communications Company, Ltd.	13,000		24,717
Dong Ah Tire & Rubber Company, Ltd.	2,240		23,253
Dong Su Industrial Company, Ltd.	1,800		33,437
Dongbang Transport Logistics Company, Ltd.	1,100		55,051
Dongbu Corp.	6,900		262,383

The accompanying notes are an integral part of the financial statements. 

72

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Dongbu Steel Company, Ltd.	7,360	$	160,044
Dong-Il Corp.	340		32,360
Dongil Rubber Belt Company, Ltd.	5,800		22,879
Dongkuk Steel Mill Company, Ltd.	15,090		796,424
Dongwon F & B Company, Ltd.	870		62,078
Dongwon Industries Company, Ltd.	760		49,828
Dongyang Engineering & Construction Corp.	690		44,560
Dongyang Mechatronics Corp.	4,800		57,958
DPI Holdings Company, Ltd. *	5,790		92,055
En Paper Manufacturing Company, Ltd. *	10,150		38,597
F&F Company, Ltd.	4,900		28,271
Fursys, Inc.	2,840		83,945
Gaon Cable Company, Ltd.	730		46,505
Global & Yuasa Battery Company, Ltd.	3,500		29,831
H.S. R & A Company, Ltd. *	2,200		38,103
Hae In Corp.	3,900		25,953
Halla Engineering & Construction Corp.	3,230		86,119
Hana Financial Group, Inc.	61,520		2,900,714
Hancook Tire Company(The), Ltd.	55,950		1,146,328
Handok Pharmaceuticals Company, Ltd.	1,000		27,154
Handsome Company, Ltd.	9,190		140,589
Hanil Cement Manufacturing Company, Ltd.	2,110		239,786
Hanil Construction Company, Ltd.	2,780		58,325
Hanil E-Wha Company, Ltd.	6,200		19,681
Hanjin Shipping Company, Ltd.	27,740		1,364,039
Hanjin Transportation Company, Ltd.	3,340		208,032
Hankook Cosmetics Company, Ltd.	6,400		24,337
Hankuk Electric Glass Company, Ltd.	1,100		29,449
Hankuk Glass Industries, Inc.	1,970		83,415
Hankuk Paper Manufacturing Company, Ltd.	1,520		70,340
Hanmi Capital Company, Ltd.	5,310		110,244
Hanshin Construction Company, Ltd.	3,090		95,724
Hansol Chemical Company, Ltd.	2,900		40,562
Hansol Paper Company, Inc. *	12,950		284,429
Hanssem Company, Ltd.	3,800		28,983
Hanwha Chem Corp.	27,020		713,034
Hanwha Securities Company, Ltd.	10,200		199,508
Hanwha Timeworld Company, Ltd.	2,650		49,227
Heung-A Shipping Company, Ltd.	6,660		30,347
Honam Petrochemical Corp.	7,420		1,224,302
Hotel Shilla Company, Ltd.	14,140		420,268
Husteel Company, Ltd.	2,300		59,061
Hwa Shin Company, Ltd.	14,700		60,075
Hwa Sung Industrial Company, Ltd.	2,730		52,950
Hwacheon Machine Tool Company, Ltd.	940		65,738
Hyosung Corp.	11,560		875,384
Hyundai Cement Company, Ltd.	2,010		116,846
Hyundai DSF Company, Ltd.	2,300		39,458
Hyundai H & S Company, Ltd.	520		56,821
Hyundai Hysco Company, Ltd.	22,100		301,863
Hyundai Motor Company, Ltd.	87,706		7,082,416

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Hyundai Pharmaceutical Industrial Company,
Ltd.	1,550	$	67,748
Hyundai Securities Company, Ltd.	41,410		966,075
Hyundai Steel Company	22,960		1,936,854
Il Dong Pharmaceutical Company, Ltd.	710		33,749
Iljin Diamond Company, Ltd.	1,300		26,564
Ilshin Spinning Company, Ltd.	370		31,293
Ilsung Pharmaceutical Company, Ltd.	990		148,205
Inzi Controls Company, Ltd.	6,050		49,516
Isu Chemical Company, Ltd.	1,700		26,936
Jahwa Electronics Company, Ltd.	4,300		31,246
Jeil Mutual Savings Bank	1,820		17,879
Jeil Pharmaceutical Company, Ltd. *	6,510		74,693
Jeonbuk Bank, Ltd.	9,590		89,911
Joongang Construction Company, Ltd.	1,260		26,573
KC Tech Company, Ltd.	7,890		56,385
KCC Corp.	2,350		1,435,448
KCTC	1,530		62,110
Keangnam Enterprises, Ltd.	3,110		132,196
Keyang Electric Machinery Company, Ltd.	13,000		53,128
KG Chemical Corp.	5,600		61,192
Kia Motors Corp. *	97,670		1,328,735
Kirin Company, Ltd. *	1,540		2,003
Kiswire, Ltd.	2,650		173,452
Kolon Engineering &
Construction Company, Ltd.	3,900		64,989
Kolon Industries, Inc. *	3,990		171,782
Korea Airport Service Company, Ltd.	760		49,579
Korea Cast Iron Pipe Industries Company, Ltd.	5,500		37,502
Korea Circuit Company, Ltd. *	5,300		23,137
Korea Development Corp.	1,450		41,988
Korea Development Financing Corp.	390		22,586
Korea Electric Terminal Company, Ltd.	1,300		30,684
Korea Exchange Bank	50,730		823,188
Korea Flange Company, Ltd.	4,810		88,300
Korea Iron & Steel Company, Ltd.	3,350		345,927
Korea Kumho Petrochemical Company, Ltd.	3,700		285,035
Korea Mutual Savings Bank	1,980		59,282
Korea Polyol Company, Ltd.	887		69,688
Korean Air Lines Company, Ltd.	18,550		1,254,707
Korean Petrochemical Industrial Company,
Ltd.	2,430		238,977
KP Chemical Corp. *	27,370		334,966
KT Freetel Company, Ltd.	49,600		1,799,399
Kukdo Chemical Company, Ltd.	1,000		36,333
Kumho Investment Bank	5,750		67,229
Kumho Tire Company, Inc.	20,600		362,411
Kumkang Industrial Company, Ltd.	1,400		22,029
Kunsul Chemical Industrial Company, Ltd. *	1,970		52,309
Kwang Dong Pharmaceutical Company, Ltd.	8,100		45,494
Kyeryong Construction
Industrial Company, Ltd.	2,510		152,221

The accompanying notes are an integral part of the financial statements. 

73

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Kyung Nong Corp.	9,470	$	63,640
Lee Ku Industrial Company, Ltd. *	8,395		19,402
LG Chem, Ltd.	13,370		1,402,524
LG Corp.	13,370		920,407
LG Dacom Corp.	20,260		614,342
LG Electronics, Inc.	29,780		2,782,265
LG International Corp.	10,930		345,761
Lotte Chilsung Beverage Company, Ltd.	311		474,410
Lotte Confectionery Company, Ltd.	400		695,842
Lotte Samkang Company, Ltd.	343		117,313
LS Cable, Ltd.	9,578		1,193,129
Manho Rope & Wire, Ltd.	270		29,798
Meritz Investment Bank *	30,430		72,987
Meritz Securities Company, Ltd.	8,200		106,179
Moorim Paper Company, Ltd.	5,200		76,425
Namhae Chemical Corp.	15,600		131,087
Namyang Dairy Products Company, Ltd.	180		179,577
Nexen Corp.	1,160		44,998
Nong Shim Company, Ltd.	1,400		344,971
Nong Shim Holdings Company, Ltd.	1,410		137,125
Ottogi Corp.	536		96,640
Pang Rim Company, Ltd. *	910		23,219
PaperCorea, Inc.	2,800		29,739
Pohang Coated Steel Company, Ltd.	1,300		39,065
Poonglim Industrial Company, Ltd.	3,790		39,136
Poongsan Corp.	8,040		225,786
Pulmuone Company, Ltd.	1,760		87,312
Pumyang Construction Company, Ltd.	970		20,987
Pusan Bank	62,020		1,138,541
Pusan City Gas Company, Ltd.	3,100		96,372
S&T Dynamics Company, Ltd.	10,410		161,528
Saehan Industries, Inc. *	15,310		158,930
Saehan Media Company, Ltd. *	12,820		28,087
Sam Kwang Glass Industrial Company, Ltd.	750		38,805
Sam Lip General Foods Company, Ltd.	2,300		32,798
Sam Young Electronics Company, Ltd.	2,950		34,330
Sambu Construction Company, Ltd.	1,200		79,725
Samhwa Paint Industrial Company, Ltd.	5,090		21,858
Samick Musical Instruments Company, Ltd. *	8,450		8,726
Samick THK Company, Ltd.	6,800		33,140
Samjin Pharmaceutical Company, Ltd.	680		37,747
Samsung Corp.	70,460		5,181,618
Samsung Electro-Mechanics Company, Ltd.	17,840		1,171,594
Samsung Fine Chemicals Company, Ltd.	7,370		492,864
Samsung SDI Company, Ltd.	17,600		1,180,834
Samwhan Corp.	1,400		48,418
Samyang Corp.	2,040		150,021
Samyang Genex Company, Ltd.	930		105,180
Samyang Tongsang Company, Ltd.	1,360		51,270
Samyung Trading Company, Ltd. *	4,300		27,722
Savezone I & C Corp. *	16,880		63,451
Seah Besteel Corp.	7,910		207,441

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
SeAH Holdings Corp.	1,010	$	164,995
SeAH Steel Corp.	770		53,681
Sebang Company, Ltd.	5,920		97,680
Sejong Industrial Company, Ltd.	4,700		34,358
Sempio Foods Company, Ltd.	1,960		48,189
Sgwicus Corp. *	8,400		32,080
SH Chemical Company, Ltd. *	2,600		22,444
Shin Poong Pharmaceutical Company, Ltd.	1,870		55,580
Shinhan Engineering & Construction
Company, Ltd.	2,606		65,780
Shinhan Financial Group Company, Ltd.,
SADR	23,300		2,989,390
Shinheung Securities Company, Ltd.	3,800		57,510
Shinil Engineering Company, Ltd.	3,180		44,652
Shinsegae Engineering & Construction
Company, Ltd.	700		33,120
Shinsung ENG Company, Ltd.	7,800		41,849
Shinsung Engineering & Construction
Company, Ltd.	2,600		28,041
Shinyoung Securities Company, Ltd.	2,636		193,851
Silla Company, Ltd.	3,180		34,748
Sindo Ricoh Company, Ltd.	2,840		248,265
SJM Company, Ltd.	5,800		41,259
SK Gas Company, Ltd.	2,870		272,213
SKC Company, Ltd.	7,200		255,696
SL Corp.	3,400		37,895
Songwon Industrial Company, Ltd.	8,100		45,140
Ssangyong Cement Industrial Company, Ltd. *	20,770		375,614
Ssangyong Motor Company, Ltd. *	26,890		173,948
Suheung Capsule Company, Ltd.	2,800		20,346
Sung Bo Chemicals Company, Ltd.	950		34,776
Sung Chang Enterprise Company, Ltd. *	1,750		57,368
Sungjee Construction Company, Ltd.	1,400		29,755
Sungshin Cement Company, Ltd. *	5,760		109,202
Sunjin Company, Ltd.	1,260		49,497
Tae Kyung Industrial Company, Ltd.	10,000		49,500
Taegu Department Store Company, Ltd.	2,700		49,566
Taekwang Industrial Company, Ltd.	133		215,090
Taeyoung Engineering & Construction, Ltd.	9,690		126,532
Taihan Electric Wire Company, Ltd.	4,850		249,085
Taihan Textile Company, Ltd. *	290		14,735
Tailim Packaging Industrial Company, Ltd.	3,000		41,633
Telcoware Company, Ltd.	3,800		40,693
Trybrands, Inc. *	5,400		31,864
TS Corp.	980		52,205
Uangel Corp.	3,800		38,492
Unid Company, Ltd.	1,200		57,433
Union Steel Company, Ltd.	2,980		90,525
Wiscom Company, Ltd.	3,760		18,735
Woongjin Holdings Company, Ltd.	2,860		58,128
Woori Investment & Securities Company, Ltd.	26,550		751,401
Yesco Company, Ltd.	1,950		89,387

The accompanying notes are an integral part of the financial statements. 

74

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Yoosung Enterprise Company, Ltd.	6,200	$	30,859
Youlchon Chemical Company, Ltd.	9,090		101,315
Young Poong Corp.	225		165,956
Young Poong Paper Manufacturing
Company, Ltd.	650		27,913
Youngone Corp.	11,950		124,051
Yuhwa Securities Company, Ltd.	3,410		87,006
			66,633,974
Taiwan - 11.17%
Acbel Polytech, Inc. *	225,000		146,162
Achem Technology Corp.	103,000		54,917
AGV Products Corp. *	199,000		99,088
Ambassador Hotel Company, Ltd.	93,000		87,201
Ampoc Far-East Company, Ltd.	84,460		41,149
Arima Computer Corp. *	407,000		102,264
Arima Optoelectronics Corp.	39,105		59,913
Asia Polymer Corp.	111,000		82,991
Avision, Inc.	77,376		46,471
Bank of Kaohsiung, Ltd.	194,000		114,135
Behavior Technology Computer Corp. *	6,000		2,583
BenQ Corp. *	1,056,000		538,759
BES Engineering Corp. *	770,700		221,280
Carnival Industrial Corp. *	198,000		59,640
Cathay Chemical Works, Inc.	93,000		42,033
Cathay Real Estate Development
Company, Ltd.	235,000		116,294
Central Reinsurance Company, Ltd.	156,450		74,785
Chang Hwa Commercial Bank, Ltd.	2,683,000		1,767,566
Charoen Pokphand Enterprise Company, Ltd.	125,000		74,115
Cheng Loong Corp.	536,000		219,262
Chenming Mold Industrial Corp.	126,773		50,111
Chi Mei Optoelectronics Corp.	1,810,440		2,102,518
Chia Her Industrial Company, Ltd. *	360,000		37,506
Chia Hsin Cement Corp. *	274,000		274,126
Chien Shing Stainless Steel Company, Ltd. *	199,000		71,649
China Airlines, Ltd.	989,680		403,332
China Chemical & Pharmaceutical Company,
Ltd.	129,000		98,820
China Development Financial Holdings Corp.	6,155,280		2,480,219
China Electric Manufacturing Corp.	94,000		53,718
China General Plastics Corp. *	140,000		46,545
China Glaze Company, Ltd.	107,590		52,419
China Manmade Fibers Corp. *	604,000		260,959
China Motor Company, Ltd.	427,125		391,329
China Petrochemical Development Corp. *	1,022,000		507,320
China Steel Structure Company, Ltd.	94,000		57,319
China Wire & Cable Company, Ltd. *	110,000		30,504
Chin-Poon Industrial Company, Ltd.	128,000		136,492
Chun Yu Works & Company, Ltd.	155,000		52,007
Chun Yuan Steel Industrial Company, Ltd.	296,700		130,917
Chung Hwa Pulp Corp.	207,000		136,372
Chunghwa Picture Tubes, Ltd. *	3,961,000		1,128,767

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
CMC Magnetics Corp. *	1,823,000	$	815,560
Collins Company, Ltd.	186,000		68,393
Compeq Manufactuing Company, Ltd.	556,000		269,183
Continental Engineering Corp.	412,000		251,858
Cosmos Bank Taiwan *	710,000		61,786
Da-Cin Construction Company, Ltd.	218,000		103,539
Delpha Construction Company, Ltd. *	181,000		48,141
E.Sun Financial Holding Company, Ltd. *	2,143,000		1,155,716
Eastern Media International Corp. *	528,000		148,037
Edom Technology Company, Ltd.	71,000		48,298
Elitegroup Computer Systems Company, Ltd. *	507,000		301,388
Enlight Corp.	163,769		55,953
EVA Airways Corp. *	996,000		364,707
Everest Textile Company, Ltd.	230,000		69,278
Evergreen International Storage & Transport
Corp.	550,000		333,691
Evergreen Marine Corp.	790,000		683,852
Everspring Industry Company, Ltd. *	138,000		49,263
Evertop Wire Cable Corp.	140,395		48,397
Excel Cell Electronic Company, Ltd.	34,000		23,076
Far Eastern Department Stores Company, Ltd.	490,880		559,545
Far Eastern International Bank *	967,000		431,128
Federal Corp.	226,665		161,829
First Copper Technology Company, Ltd.	104,000		46,845
First Financial Holding Company, Ltd.	2,907,000		2,079,928
First Insurance Company, Ltd. *	38,000		18,863
Formosa Taffeta Company, Ltd.	276,000		313,761
Fubon Group Company, Ltd.	2,060,000		1,757,959
Fwusow Industry Company, Ltd.	99,000		40,801
Gigabyte Technology Company, Ltd.	450,000		371,610
Gigastorage Corp. *	146,000		48,540
Goldsun Development & Construction
Company, Ltd.	697,310		438,022
Gordon Auto Body Parts Company, Ltd.	49,440		23,785
Grand Pacific Petrochemical Corp. *	285,000		120,078
Grape King, Inc.	108,000		98,618
Great China Metal Industry Company, Ltd.	90,000		48,537
Hey Song Corp.	219,000		105,356
Hitron Technology, Inc. *	108,000		44,841
Ho Tung Chemical Corp. *	308,000		118,443
Hocheng Group Corp. *	255,000		123,456
Hold-Key Electric Wire & Cable Company, Ltd. *	138,000		50,743
Hsing TA Cement Company, Ltd.	120,000		46,882
Hua Eng Wire & Cable Company, Ltd.	333,000		122,445
Hua Nan Financial Holdings Company, Ltd.	604,000		425,678
Hung Ching Development Company, Ltd.	166,000		75,790
Hung Sheng Construction Company, Ltd.	24,000		15,002
Hwa Fong Rubber Company, Ltd. *	77,000		26,662
Ichia Technologies, Inc.	74,000		61,449
Inventec Company, Ltd.	78,000		48,757
Jui Li Enterprise Company, Ltd.	65,000		27,585
Kang Na Hsiung Enterprise Company, Ltd.	79,000		54,224

The accompanying notes are an integral part of the financial statements. 

75

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Kao Hsing Chang Iron & Steel Corp. *	447,000	$	127,930
Kindom Construction Company, Ltd.	194,000		87,385
King Yuan Electronics Company, Ltd.	306,695		196,883
King's Town Bank *	471,000		170,302
Kinpo Electronics, Inc.	789,480		316,905
Kwong Fong Industries Corp. *	231,000		78,569
Lan Fa Textile Company, Ltd.	165,640		71,311
Lead Data, Inc. *	182,000		71,662
Lealea Enterprise Company, Ltd. *	307,000		112,885
Leofoo Development Company, Ltd. *	86,000		47,038
Li Peng Enterprise Company, Ltd. *	281,600		113,037
Lien Hwa Industrial Corp.	308,878		212,954
Lingsen Precision Industries, Ltd.	136,000		71,053
Long Bon Development Company, Ltd.	41,000		24,059
Long Chen Paper Company, Ltd.	218,549		98,108
Lucky Cement Corp.	167,000		67,291
Macronix International Company, Ltd., SADR	22,180		131,085
Macronix International Company, Ltd.	1,720,722		1,065,071
Mega Financial Holding Company, Ltd.	5,978,000		3,773,458
Mercuries & Associates, Ltd.	232,000		161,373
Mercuries Data Systems, Ltd. *	204,000		51,008
Micro-Star International Company, Ltd.	530,947		536,885
Namchow Chemical Industrial Company, Ltd. *	180,000		76,390
Nanya Technology Corp.	751,864		506,849
Nien Hsing Textile Company, Ltd.	259,000		182,534
Optimax Technology Corp. *	285,000		130,121
Pacific Construction Company, Ltd. *	160,000		31,868
Prodisc Technology, Inc. *	387,000		96,646
Quintain Steel Company, Ltd. *	164,000		42,665
Ralec Electronic Corp. *	39,000		70,985
Rectron, Ltd. *	246,000		44,248
Reward Wool Industry Corp. *	186,000		67,538
Rexon Industrial Corp., Ltd. *	80,000		28,436
Ritek Corp. *	1,544,000		544,078
Sampo Corp. *	581,000		135,481
Sanyang Industrial Company, Ltd.	337,000		264,871
Sanyo Electric Taiwan Company, Ltd.	38,000		36,213
Sesoda Corp.	93,000		63,406
Sheng Yu Steel Company, Ltd.	25,000		26,927
Shinkong Insurance Company, Ltd.	91,020		54,386
Shinkong Synthetic Fibers Corp. *	675,000		256,473
Shuttle, Inc. *	122,000		58,692
Silicon Integrated Systems Corp.	355,000		163,712
Sinon Corp.	164,000		63,570
SinoPac Holdings Company, Ltd.	3,901,000		1,816,920
Sintek Photronic Corp. *	383,000		127,921
Siward Crystal Technology Company, Ltd.	61,156		51,814
Southeast Cement Company, Ltd.	295,000		120,224
Standard Foods Corp.	98,000		56,154
Stark Technology, Inc.	95,000		53,271
Ta Chong Bank, Ltd. *	750,000		280,374
Ta Ya Electric Wire & Cable Company, Ltd.	278,008		105,206

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Tah Hsin Industrial Company, Ltd.	65,000	$	47,403
Taichung Commercial Bank *	656,000		285,436
Tainan Spinning Company, Ltd.	798,000		445,031
Taishin Financial Holdings Company, Ltd. *	2,746,000		1,388,356
Taisun Enterprise Company, Ltd. *	150,000		51,938
Taita Chemical Company, Ltd. *	100,000		36,770
Taiwan Business Bank *	1,850,000		548,736
Taiwan Cooperative Bank	840,580		611,729
Taiwan Fire & Marine Insurance Company, Ltd.	71,000		59,502
Taiwan Fu Hsing Industrial Company, Ltd.	86,000		66,012
Taiwan Glass Industrial Corp.	473,472		516,489
Taiwan Kolin Company, Ltd. *	327,000		141,281
Taiwan Pulp & Paper Corp. *	176,000		63,907
Taiwan Sakura Corp. *	100,000		41,213
Taiwan Styrene Monomer Corp.	250,640		135,170
Taiwan Tea Corp. *	382,000		232,349
Taiyen Biotech Company, Ltd.	115,000		100,429
Tatung Company, Ltd. *	2,291,000		1,193,412
Teapo Electronic Corp. *	205,000		58,733
Teco Electric & Machinery Company, Ltd.	1,256,000		740,861
Tecom Company, Ltd.	108,000		91,338
Tex-Ray Industrial Company, Ltd.	90,000		57,224
Ton Yi Industrial Corp.	664,000		377,423
Tsann Kuen Enterprise Company, Ltd. *	72,000		96,191
Twinhead International Corp. *	224,000		41,251
Tycoons Group Enterprise Company, Ltd. *	238,000		54,696
Tze Shin International Company, Ltd.	59,360		35,651
Union Bank of Taiwan *	612,000		151,523
Unitech Electronics Company, Ltd.	101,299		55,872
United Microelectronics Corp.	8,696,454		6,181,264
Universal Cement Corp. *	144,100		79,921
UPC Technology Corp.	386,900		306,461
USI Corp.	294,000		168,463
U-Tech Media Corp. *	180,000		64,532
Ve Wong Corp. *	61,000		48,598
Walsin Lihwa Corp.	1,814,000		900,469
Walsin Technology Corp.	259,000		273,801
Waterland Financial Holding Company	744,600		239,568
Wei Chih Steel Industrial Company, Ltd. *	100,000		29,784
Winbond Electronics Corp.	2,185,000		703,003
Wintek Corp.	468,000		625,243
WUS Printed Circuit Company, Ltd. *	225,000		83,767
Yageo Corp.	1,587,000		661,351
Yang Ming Marine Transport Corp.	840,662		676,187
Yi Jinn Industrial Company, Ltd. *	314,000		65,908
Yieh Phui Enterprise Company, Ltd.	718,940		337,055
Yosun Industrial Corp.	75,600		68,569
Yuen Foong Yu Paper Manufacturing
Company, Ltd.	667,610		310,944
Yulon Motor Company, Ltd.	501,355		562,267
Yungtay Engineering Company, Ltd.	177,000		151,862

The accompanying notes are an integral part of the financial statements. 

76

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Zig Sheng Industrial Company, Ltd.	203,600	$	61,389
			58,731,392
Thailand - 2.81%
Aapico Hitech PCL	120,600		48,557
Adkinson Securities PCL *	2,245,200		63,540
Asia Plus Securities PCL	440,200		49,575
Bangkok Aviation Fuel Services PCL	139,371		43,916
Bangkok Bank PCL	1,131,100		3,795,084
Bangkok Expressway PCL	320,600		232,909
Bangkok Insurance PCL	1,500		11,991
Bangkok Land PCL *	6,345,600		164,773
Cal-Comp Electronics Thailand PCL	903,000		188,372
Capital Nomura Securities PCL	25,000		26,623
Charoen Pokphand Foods PCL	2,900,700		444,309
CS Loxinfo PCL	394,400		49,710
Delta Electronics Thailand PCL	293,600		179,886
Dynasty Ceramic PCL	115,800		56,422
Eastern Water Resources Development &
Management PCL	295,200		43,063
Erawan Group PCL	370,800		44,788
Golden Land Property PCL *	37,000		8,744
Hemaraj Land & Development PCL	4,907,500		194,725
Home Product Center PCL	358,382		52,803
Jasmine International PCL	5,110,500		70,078
KGI Securities Thailand PCL	1,851,200		154,469
Kiatnakin Finance PCL	238,300		212,054
Krung Thai Bank PCL	4,227,200		1,344,317
Krungthai Card PCL	134,500		110,857
Loxley PCL	1,513,100		81,228
Magnecomp Precision Technology PCL *	637,800		48,009
MBK PCL	46,300		88,480
MK Real Estate Development PCL	440,000		32,093
Nakornthai Strip Mill PCL *	12,761,300		119,143
National Finance PCL	874,200		400,436
Padaeng Industry PCL	38,000		45,456
Polyplex PCL	372,400		60,844
Power Line Engineering PCL	224,700		37,040
Pranda Jewelry PCL	214,300		55,334
PTT Chemical PCL	567,100		2,134,381
Quality House PCL	3,885,800		200,667
Raimon Land PCL *	560,000		17,319
Regional Container Lines PCL	209,100		196,746
Robinson Department Store PCL	154,900		49,713
Saha-Union PCL	157,500		86,390
Sahaviriya Steel Industries PCL	5,606,100		155,384
Samart Corp. PCL	158,500		36,532
Samart I-Mobile PCL	70,200		37,686
Sansiri PCL	965,300		102,515
SC Asset Corp. PCL	168,200		42,203
Seamico Securities PCL	416,000		48,791
Serm Suk PCL *	86,700		46,038
Shin Satellite PCL *	488,500		142,524

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Thailand (continued)
Siam Commercial Bank PCL	490,700	$	1,152,483
Siam Industrial Credit PCL	400,000		44,347
Sino Thai Engineering & Construction PCL *	314,900		58,340
Sri Trang Agro-Industry PCL	60,500		24,359
Srithai Superware PCL	110,000		25,514
Supalai PCL	991,500		110,504
Tata Steel Thailand PCL	1,714,200		84,522
Thai Plastic & Chemical PCL	352,400		196,378
Thai Union Frozen Products PCL	312,600		220,712
Ticon Industrial Connection PCL	88,600		51,183
Tipco Asphalt PCL	97,100		76,490
Tisco Bank PCL	54,700		47,877
TMB Bank PCL *	5,891,300		331,735
TPI Polene PCL	800,000		378,118
Vanachai Group PCL	672,300		89,444
			14,748,523
Turkey - 4.07%
Adana Cimento Sanayii TAS	137,502		92,035
Akenerji Elektrik Uretim AS *	28,238		224,009
Aksa Akrilik Kimya Sanayii AS	52,488		140,529
Aksigorta AS	148,926		1,027,585
Alarko Carrier Sanayii ve Ticaret AS	4,144		56,845
Alarko Holding AS	45,252		130,130
Alkim Alkali Kimya AS	9,413		49,004
Altinyildiz Mensucat ve Konfeksiyon
Fabrikalari AS *	14,167		66,143
Anadolu Cam Sanayii AS	40,393		171,899
Anadolu Isuzu Otomotiv Sanayi AS	6,122		44,771
Anadolu Sigorta AS	161,015		303,363
Ayen Enerji AS *	53,740		143,881
Aygaz AS	95,819		407,774
Bagfas Bandirma Gubre Fabrikalari AS	3,356		133,114
Bati Cimento AS	7,206		66,692
BatiSoke AS	16,968		45,990
Beko Elektronik AS *	28,000		44,887
Bolu Cimento Sanayii AS	79,896		172,977
Borusan Mannesmann Boru Sanayi AS	5,559		56,502
Bossa Ticaret ve Sanayi Isletmeleri TAS	57,084		76,889
Brisa Bridgestone Sabanci Lastik San ve Tic
AS	832		51,564
BSH Ev Aletleri Sanayi ve Ticaret AS	2,182		54,092
Cemtas Celik Makina Sanayi ve Ticaret AS *	67,700		114,684
Cimsa Cimento Sanayi ve Ticaret AS	47,762		410,465
Dogan Sirketler Grubu Holdings AS *	640,222		1,396,675
Dogus Otomotiv Servis ve Ticaret AS	48,187		324,525
Eczacibasi Ilac Sanayi AS *	54,563		234,457
Eczacibasi Yapi Gerecleri Sanayi ve Ticaret
AS *	33,480		91,298
Eregli Demir ve Celik Fabrikalari TAS	418,653		3,909,250
Gentas Genel Metal Sanayi ve Ticaret AS *	43,807		59,729
Global Yatirim Holding AS *	112,799		157,526
Goldas Kuyumculuk Sanayi AS *	54,846		114,211

The accompanying notes are an integral part of the financial statements. 

77

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Turkey (continued)
Goodyear Lastikleri TAS *	2,606	$	34,240
GSD Holding AS *	219,149		296,992
Gunes Sigorta AS *	31,528		62,006
Hektas Ticaret TAS	57,406		63,566
Ihlas Holding AS *	361,336		325,461
Izmir Demir Celik Sanayi AS *	26,754		61,902
Kardemir Karabuk Demir Celik Sanayi ve
Ticaret AS *	137,304		222,382
Kartonsan Karton Sanayi ve Ticaret AS *	1,065		70,404
Konya Cimento Sanayii AS	708		33,640
Kordsa Global Endustriyel Iplik ve Kord Bezi
Sanayi ve Ticaret Anonim Sirketi AS *	45,827		154,505
Mardin Cimento Sanayii ve Ticaret AS	7,831		47,563
Marmaris Marti Otel Isletmeleri AS *	100,968		105,127
Menderes Tekstil Sanayi ve Ticaret AS *	126,375		75,189
Mutlu Aku ve Malzemeleri Sanayi AS *	28,331		66,019
Net Turizm Ticaret ve Sanayi AS *	49,169		54,039
Nortel Networks Netas Telekomunikasyon AS	3,939		102,532
Parsan Makina Parcalari Sanayii AS *	40,197		98,321
Pinar Entegre Et ve Un Sanayi AS	36,324		132,671
Pinar Sut Mamulleri Sanayii AS	25,633		166,276
Sanko Pazarlama Ithalat Ihracat AS *	20,076		66,359
Sarkuysan Elektrolitik Bakir AS	32,233		94,290
Tekstil Bankasi AS *	60,005		112,062
Trakya Cam Sanayi AS	121,233		452,814
Turk Demir Dokum Fabrikalari AS *	4,082		30,864
Turk Prysmian Kablo ve Sistemleri AS	17,593		53,209
Turk Sise ve Cam Fabrikalari AS	180,719		896,016
Turkiye Is Bankasi AS	1,093,142		6,594,171
Ulker Gida Sanayi ve Ticaret AS	24,000		107,094
Usas Ucak Servisi AS	27,986		67,528
Uzel Makina Sanayii AS *	20,846		41,342
Vestel Elektronik Sanayi ve Tracaret AS *	71,840		198,278
Zorlu Enerji Elektrik Uretim AS *	33,714		141,526
			21,401,883
TOTAL COMMON STOCKS (Cost $443,420,722)		$	495,506,863
PREFERRED STOCKS - 5.15%
Brazil - 5.15%
Acesita SA	4,500		195,375
Bardella SA Industrias Mecanicas *	916		79,236
Centrais Eletricas de Santa Catarina SA,
Series B	19,800		426,594
Companhia de Tecidos de Norte de Minas SA	5,000		33,515
Fabrica de Produtos Alimenticios Vigor SA *	96,000		147,291
Klabin SA	762,000		2,902,067
Marcopolo SA *	103,400		493,935
Metalurgica Gerdau SA	166,300		5,609,684
Petroquimica Uniao SA *	7,000		57,661
Suzano Bahia Sul Papel & Celulose SA,
Series A	137,900		2,213,302
Suzano Petroquimica SA	99,554		508,061

Emerging Markets Value Trust (continued)
		Shares or
		Principal
		Amount		Value
PREFERRED STOCKS (continued)
Brazil (continued)
Telemar Norte Leste SA, Series A *		100,000	$	3,590,860
Uniao de Industrias Petroquimicas SA, Series
B		358,000		410,979
Usinas Siderurgicas de Minas Gerais SA,
Series A		149,300		10,397,388
				27,065,948
TOTAL PREFERRED STOCKS (Cost $21,034,077)			$	27,065,948
WARRANTS - 0.01%
Indonesia - 0.00%
Summarecon Agung Tbk PT
(Expiration Date 06/21/2010, Strike
Price IDR 1,100)		16,708		594
Malaysia - 0.01%
Bandar Raya Developments BHD
(Expiration Date 09/26/2012, Strike
Price MYR 1.10)		108,360		53,425
TOTAL WARRANTS (Cost $3,146)			$	54,019
RIGHTS - 0.00%
Hong Kong - 0.00%
Citic Pacific, Ltd. (Expiration Date
10/09/2007, preferential offer to qualifying
shareholders to subscribe to 1 Dah
Cheong Hong Holdings Ltd. share for every
25 CITIC)		9,200		0
India - 0.00%
Cholamandalam DBS Finance, Ltd.
(Expiration Date 10/29/2007, Strike Price
INR 140)		4,517		2,381
Malaysia - 0.00%
Glomac BHD (Expiration Date 10/23/2007,
Strike Price MYR 1.10)		69,390		6,516
South Korea - 0.00%
Meritz Securities Company, Ltd. (Expiration
Date 10/16/2007, Strike Price KRW 8,190)		3,547		13,060
TOTAL RIGHTS (Cost $0)			$	21,957
REPURCHASE AGREEMENTS - 0.10%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$538,184 on 10/01/2007,
collateralized by $545,000 Federal
Home Loan Mortgage Corp.,
6.625% due 08/28/2022 (valued at
$552,494, including interest)	$	538,000	$	538,000
TOTAL REPURCHASE AGREEMENTS
(Cost $538,000)			$	538,000

The accompanying notes are an integral part of the financial statements. 

78

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Investments (Emerging Markets Value Trust)
(Cost $464,995,945) - 99.52%	$	523,186,787
Other Assets in Excess of Liabilities - 0.48%		2,513,399
TOTAL NET ASSETS - 100.00%	$	525,700,186

The portfolio had the following five top industry concentrations as of September 30, 2007 (as a percentage of total net assets):

Banking	13.23%
International Oil	6.20%
Steel	5.51%
Financial Services	5.06%
Automobiles	5.05%

Emerging Small Company Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.75%
Advertising - 1.04%
inVentiv Health, Inc. *	60,725	$	2,660,969
Aerospace - 4.22%
BE Aerospace, Inc. *	76,250		3,166,663
HEICO Corp., Class A	72,000		2,844,000
Moog, Inc., Class A *	53,700		2,359,578
Triumph Group, Inc.	29,879		2,441,413
			10,811,654
Air Travel - 0.30%
Copa Holdings SA, Class A	19,175		767,959
Apparel & Textiles - 6.66%
Crocs, Inc. * (a)	118,135		7,944,579
Iconix Brand Group, Inc. *	116,500		2,771,535
Lululemon Athletica, Inc. * (a)	11,298		474,855
The Warnaco Group, Inc. *	66,495		2,597,959
Volcom, Inc. * (a)	77,000		3,274,040
			17,062,968
Auto Parts - 0.90%
LKQ Corp. *	66,055		2,299,375
Auto Services - 0.47%
Monro Muffler Brake, Inc.	35,720		1,206,979
Banking - 3.65%
East West Bancorp, Inc.	65,774		2,365,233
PrivateBancorp, Inc. (a)	36,205		1,261,382
Signature Bank *	57,980		2,042,636
United Community Banks, Inc. (a)	78,790		1,931,931
Virginia Commerce Bancorp, Inc. * (a)	121,657		1,744,561
			9,345,743
Biotechnology - 3.32%
Illumina, Inc. * (a)	39,960		2,073,125
Immucor, Inc. *	106,000		3,789,500
Integra LifeSciences Holdings Corp. * (a)	54,430		2,644,209
			8,506,834
Broadcasting - 0.80%
Sinclair Broadcast Group, Inc., Class A (a)	171,405		2,063,716

Emerging Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 2.47%
Informatica Corp. *	120,670	$	1,894,519
Kenexa Corp. *	61,400		1,889,892
Watson Wyatt Worldwide, Inc., Class A	56,705		2,548,323
			6,332,734
Cable & Television - 0.89%
Central European Media Enterprises, Ltd.,
Class A *	25,000		2,292,750
Cellular Communications - 1.09%
Dobson Communications Corp., Class A *	218,000		2,788,220
Chemicals - 0.89%
Zoltek Companies, Inc. * (a)	52,080		2,272,250
Commercial Services - 0.94%
Live Nation, Inc. *	113,100		2,403,375
Computers & Business Equipment - 2.77%
Brocade Communications Systems, Inc. *	220,340		1,886,111
Internap Network Services Corp. * (a)	93,290		1,321,919
Micros Systems, Inc. *	60,000		3,904,200
			7,112,230
Correctional Facilities - 1.28%
The Geo Group, Inc. *	110,640		3,276,050
Crude Petroleum & Natural Gas - 3.93%
Arena Resources, Inc. * (a)	67,000		4,388,500
Carrizo Oil & Gas, Inc. * (a)	63,795		2,861,844
Concho Resources, Inc. *	51,909		768,772
GMX Resources, Inc. * (a)	64,020		2,059,523
			10,078,639
Electrical Equipment - 1.65%
Anixter International, Inc. *	32,500		2,679,625
Genlyte Group, Inc. *	24,341		1,564,153
			4,243,778
Energy - 0.94%
Trina Solar, Ltd., ADR * (a)	42,330		2,411,540
Financial Services - 6.08%
Affiliated Managers Group, Inc. * (a)	47,500		6,056,725
GFI Group, Inc. *	47,231		4,067,534
optionsXpress Holdings, Inc.	92,950		2,429,713
Stifel Financial Corp. * (a)	52,445		3,033,419
			15,587,391
Food & Beverages - 0.99%
Hansen Natural Corp. *	44,865		2,542,948
Healthcare Products - 5.25%
American Medical Systems Holdings, Inc. * (a)	160,000		2,712,000
Conceptus, Inc. * (a)	80,000		1,518,400
DJO, Inc. *	36,000		1,767,600
Inverness Medical Innovations, Inc. * (a)	69,920		3,867,974
Kyphon, Inc. *	22,470		1,572,900
PSS World Medical, Inc. *	105,000		2,008,650
			13,447,524

The accompanying notes are an integral part of the financial statements. 

79

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services - 3.53%
Healthextras, Inc. *	49,000	$	1,363,670
Psychiatric Solutions, Inc. *	91,498		3,594,042
Radiation Therapy Services, Inc. * (a)	98,750		2,055,975
Sun Healthcare Group, Inc. *	121,820		2,035,612
			9,049,299
Hotels & Restaurants - 0.51%
McCormick & Schmick's Seafood
Restaurants, Inc. *	69,470		1,308,120
Industrial Machinery - 0.65%
Regal-Beloit Corp.	34,660		1,659,867
Insurance - 1.84%
Castlepoint Holdings, Ltd. (a)	81,380		935,870
ProAssurance Corp. *	30,715		1,654,617
Tower Group, Inc.	81,420		2,131,576
			4,722,063
Internet Content - 0.74%
The Knot, Inc. * (a)	89,430		1,901,282
Internet Software - 1.44%
DealerTrack Holdings, Inc. *	87,960		3,683,765
Leisure Time - 2.76%
Life Time Fitness, Inc. * (a)	76,500		4,692,510
WMS Industries, Inc. *	71,732		2,374,329
			7,066,839
Liquor - 2.70%
Central European Distribution Corp. *	144,290		6,912,934
Manufacturing - 2.43%
Barnes Group, Inc.	79,400		2,534,448
Smith & Wesson Holding Corp. *	64,920		1,239,323
Spartan Motors, Inc.	146,143		2,459,586
			6,233,357
Office Furnishings & Supplies - 1.21%
Acco Brands Corp. *	95,750		2,148,630
Knoll, Inc.	54,006		958,066
			3,106,696
Petroleum Services - 3.25%
Basic Energy Services, Inc. * (a)	100,000		2,102,000
Core Laboratories N.V. *	25,220		3,212,776
Superior Energy Services, Inc. *	85,000		3,012,400
			8,327,176
Pharmaceuticals - 1.59%
Adams Respiratory Therapeutics, Inc. * (a)	41,560		1,601,722
American Oriental Bioengineering, Inc. *	112,105		1,249,971
Eurand NV *	76,381		1,233,553
			4,085,246
Publishing - 0.83%
Consolidated Graphics, Inc. *	33,810		2,122,930
Real Estate - 3.54%
BioMed Realty Trust, Inc., REIT	85,500		2,060,550
Gafisa S.A. * (a)	43,055		1,452,676

Emerging Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Jones Lang LaSalle, Inc.		20,000	$	2,055,200
Redwood Trust, Inc., REIT (a)		43,900		1,458,358
Sunstone Hotel Investors, Inc., REIT		80,000		2,051,200
				9,077,984
Retail Trade - 4.72%
First Cash Financial Services, Inc. *		115,740		2,710,631
Hibbett Sports, Inc. *		74,000		1,835,200
Longs Drug Stores Corp.		46,075		2,288,545
NexCen Brands, Inc. *		123,480		829,786
The Men's Wearhouse, Inc.		50,000		2,526,000
Zumiez, Inc. * (a)		43,215		1,917,449
				12,107,611
Semiconductors - 5.71%
Emulex Corp. *		99,940		1,915,850
FormFactor, Inc. *		61,000		2,706,570
Monolithic Power Systems, Inc. *		50,220		1,275,588
PMC-Sierra, Inc. * (a)		225,800		1,894,462
Varian Semiconductor Equipment
Associates, Inc. *		90,300		4,832,856
Verigy, Ltd. *		81,760		2,020,289
				14,645,615
Software - 6.30%
ACI Worldwide, Inc. *		48,210		1,077,493
Allscripts Healthcare Solution, Inc. * (a)		74,415		2,011,437
Macrovision Corp. *		80,430		1,980,991
Magma Design Automation, Inc. *		90,710		1,276,290
Nuance Communications, Inc. * (a)		126,745		2,447,446
Omniture, Inc. * (a)		54,755		1,660,172
Solera Holdings, Inc. *		102,600		1,845,774
Taleo Corp. *		51,160		1,299,976
Ultimate Software Group, Inc. *		73,070		2,550,143
				16,149,722
Telecommunications Equipment &
Services - 4.15%
Golden Telecom, Inc. (a)		28,790		2,317,307
NTELOS Holdings Corp.		120,150		3,539,619
PAETEC Holding Corp. *		220,100		2,744,647
Viasat, Inc. *		66,230		2,041,871
				10,643,444
Telephone - 0.77%
Centennial Communications Corp., Class A *		194,210		1,965,405
Trucking & Freight - 0.55%
Old Dominion Freight Lines, Inc. *		58,880		1,411,354
TOTAL COMMON STOCKS (Cost $217,047,134)			$	255,696,335
SHORT TERM INVESTMENTS - 26.61%
John Hancock Cash Investment Trust (c)	$	68,200,920	$	68,200,920
TOTAL SHORT TERM INVESTMENTS
(Cost $68,200,920)			$	68,200,920

The accompanying notes are an integral part of the financial statements. 

80

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.56%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$1,440,492 on 10/01/2007,
collateralized by $1,465,000
Federal Home Loan Bank, 4.50%
due 10/09/2009 (valued at
$1,472,325, including interest)	$	1,440,000	$	1,440,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,440,000)			$	1,440,000
Total Investments (Emerging Small Company Trust)
(Cost $286,688,054) - 126.92%			$	325,337,255
Liabilities in Excess of Other Assets - (26.92)%				(68,996,014)
TOTAL NET ASSETS - 100.00%			$	256,341,241
Equity-Income Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.39%
Aerospace - 0.78%
Raytheon Company		305,400	$	19,490,628
Agriculture - 0.27%
Archer-Daniels-Midland Company		202,500		6,698,700
Air Travel - 0.28%
Southwest Airlines Company		473,000		7,000,400
Aluminum - 0.63%
Alcoa, Inc.		406,900		15,917,928
Auto Parts - 0.55%
Genuine Parts Company		275,500		13,775,000
Automobiles - 0.24%
Ford Motor Company *		722,600		6,134,874
Banking - 3.50%
Fifth Third Bancorp		622,400		21,086,912
National City Corp.		354,400		8,891,896
Royal Bank of Scotland Group PLC		800,000		8,562,325
SunTrust Banks, Inc.		251,900		19,061,273
US Bancorp		930,200		30,259,406
				87,861,812
Biotechnology - 0.86%
Amgen, Inc. *		384,200		21,734,194
Broadcasting - 0.69%
CBS Corp., Class B		547,750		17,254,125
Building Materials & Construction - 0.68%
Masco Corp.		734,100		17,009,097
Business Services - 1.15%
Computer Sciences Corp. *		201,600		11,269,440
H & R Block, Inc.		829,900		17,577,282
				28,846,722

Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cable & Television - 1.55%
Time Warner, Inc.	1,483,500	$	27,237,060
Viacom, Inc., Class B *	302,250		11,778,682
			39,015,742
Cellular Communications - 1.09%
ALLTEL Corp.	200,600		13,977,808
Motorola, Inc.	727,500		13,480,575
			27,458,383
Chemicals - 0.90%
E.I. Du Pont de Nemours & Company	454,100		22,505,196
Computers & Business Equipment - 0.92%
Dell, Inc. *	835,400		23,057,040
Construction Materials - 1.03%
USG Corp. * (a)	252,400		9,477,620
Vulcan Materials Company	183,900		16,394,685
			25,872,305
Cosmetics & Toiletries - 4.29%
Avon Products, Inc.	512,500		19,234,125
Colgate-Palmolive Company	378,300		26,980,356
International Flavors & Fragrances, Inc.	412,000		21,778,320
Kimberly-Clark Corp.	214,300		15,056,718
Procter & Gamble Company	352,400		24,787,816
			107,837,335
Crude Petroleum & Natural Gas - 0.40%
Statoil ASA	298,300		10,127,418
Drugs & Health Care - 0.81%
Wyeth	456,700		20,345,985
Electrical Equipment - 0.49%
Cooper Industries, Ltd., Class A	239,000		12,210,510
Electrical Utilities - 2.79%
Ameren Corp.	75,400		3,958,500
Entergy Corp.	224,400		24,300,276
FirstEnergy Corp.	233,800		14,808,892
Pinnacle West Capital Corp.	227,100		8,972,721
TECO Energy, Inc.	278,400		4,574,112
Xcel Energy, Inc.	633,000		13,634,820
			70,249,321
Electronics - 0.59%
Sony Corp.	303,700		14,712,202
Energy - 1.20%
Duke Energy Corp.	761,700		14,236,173
Progress Energy, Inc.	340,900		15,971,165
			30,207,338
Financial Services - 8.51%
Bank of New York Mellon Corp.	627,400		27,693,436
Capital One Financial Corp.	176,600		11,731,538
Charles Schwab Corp.	1,113,700		24,055,920
Citigroup, Inc.	579,000		27,021,930
Countrywide Financial Corp.	479,200		9,109,592
Federal National Mortgage Association	194,800		11,845,788

The accompanying notes are an integral part of the financial statements. 

81

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
JP Morgan Chase & Company	1,210,900	$	55,483,438
Legg Mason, Inc.	151,100		12,736,219
Merrill Lynch & Company, Inc.	100,800		7,185,024
State Street Corp.	252,300		17,196,768
Wells Fargo & Company	273,200		9,731,384
			213,791,037
Food & Beverages - 3.66%
Campbell Soup Company	201,600		7,459,200
General Mills, Inc.	356,500		20,680,565
Hershey Company	252,300		11,709,243
Kraft Foods, Inc., Class A	455,700		15,726,207
McCormick & Company, Inc.	265,300		9,542,841
Sysco Corp.	187,300		6,666,007
The Coca-Cola Company	353,300		20,304,151
			92,088,214
Gas & Pipeline Utilities - 1.14%
NiSource, Inc.	1,014,300		19,413,702
Spectra Energy Corp.	380,850		9,323,208
			28,736,910
Healthcare Products - 2.10%
Baxter International, Inc.	297,700		16,754,556
Boston Scientific Corp. *	454,100		6,334,695
Johnson & Johnson	453,900		29,821,230
			52,910,481
Holdings Companies/Conglomerates - 3.34%
General Electric Company	2,025,200		83,843,280
Homebuilders - 0.26%
D.R. Horton, Inc.	502,800		6,440,868
Household Products - 1.64%
Fortune Brands, Inc.	243,900		19,875,411
Newell Rubbermaid, Inc.	736,900		21,237,458
			41,112,869
Industrial Machinery - 0.63%
Ingersoll-Rand Company, Ltd., Class A	226,600		12,342,902
Pall Corp.	86,787		3,376,014
			15,718,916
Insurance - 5.58%
American International Group, Inc.	425,100		28,758,015
Chubb Corp.	198,000		10,620,720
Genworth Financial, Inc., Class A	227,100		6,978,783
Lincoln National Corp.	378,500		24,969,645
Marsh & McLennan Companies, Inc.	1,170,100		29,837,550
Progressive Corp.	531,600		10,318,356
The Travelers Companies, Inc.	353,400		17,790,156
UnumProvident Corp.	453,900		11,106,933
			140,380,158
International Oil - 9.85%
Anadarko Petroleum Corp.	367,800		19,769,250
BP PLC, ADR	294,400		20,416,640

Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
International Oil (continued)
Chevron Corp.	636,700	$	59,582,386
Exxon Mobil Corp.	625,000		57,850,000
Hess Corp.	403,600		26,851,508
Murphy Oil Corp.	318,700		22,273,943
Royal Dutch Shell PLC, ADR	497,600		40,892,768
			247,636,495
Internet Content - 0.80%
Yahoo!, Inc. *	752,100		20,186,364
Leisure Time - 0.90%
Walt Disney Company	660,300		22,707,717
Liquor - 1.17%
Anheuser-Busch Companies, Inc.	507,200		25,354,928
Brown Forman Corp., Class B	52,800		3,955,248
			29,310,176
Manufacturing - 3.18%
3M Company	402,200		37,637,876
Honeywell International, Inc.	355,000		21,111,850
Illinois Tool Works, Inc.	354,400		21,136,416
			79,886,142
Office Furnishings & Supplies - 0.68%
Avery Dennison Corp.	301,700		17,202,934
Paper - 1.93%
International Paper Company	982,400		35,238,688
MeadWestvaco Corp.	453,100		13,380,043
			48,618,731
Petroleum Services - 1.27%
BJ Services Company	405,000		10,752,750
Schlumberger, Ltd.	201,700		21,178,500
			31,931,250
Pharmaceuticals - 5.41%
Abbott Laboratories	305,900		16,402,358
Bristol-Myers Squibb Company	683,500		19,698,470
Eli Lilly & Company	577,300		32,865,689
Merck & Company, Inc.	757,100		39,134,499
Pfizer, Inc.	1,139,200		27,830,656
			135,931,672
Photography - 0.68%
Eastman Kodak Company	642,300		17,187,948
Publishing - 3.17%
Dow Jones & Company, Inc.	377,100		22,512,870
Gannett Company, Inc.	428,900		18,742,930
McGraw-Hill Companies, Inc.	226,700		11,541,297
The New York Times Company, Class A (a)	832,100		16,442,296
Tribune Company	378,990		10,354,007
			79,593,400
Railroads & Equipment - 1.02%
Union Pacific Corp.	226,500		25,608,090
Retail Trade - 2.47%
Bed Bath & Beyond, Inc. *	479,600		16,363,952

The accompanying notes are an integral part of the financial statements. 

82

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Equity-Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Gap, Inc.		272,900	$	5,032,276
Home Depot, Inc.		577,600		18,737,344
Wal-Mart Stores, Inc.		504,500		22,021,425
				62,154,997
Sanitary Services - 0.57%
Waste Management, Inc.		378,500		14,284,590
Semiconductors - 1.55%
Analog Devices, Inc.		524,300		18,958,688
Applied Materials, Inc.		302,700		6,265,890
Intel Corp.		535,200		13,840,272
				39,064,850
Software - 1.63%
Microsoft Corp.		1,392,800		41,031,888
Telecommunications Equipment &
Services - 1.53%
Alcatel SA, ADR		755,700		7,693,026
Nokia Oyj, SADR		171,300		6,497,409
Verizon Communications, Inc.		547,700		24,252,156
				38,442,591
Telephone - 3.66%
AT&T, Inc.		1,190,749		50,380,590
Qwest Communications International, Inc. *		2,348,600		21,513,176
Sprint Nextel Corp.		986,200		18,737,800
Windstream Corp.		100,785		1,423,084
				92,054,650
Tobacco - 0.41%
UST, Inc.		208,400		10,336,640
Toys, Amusements & Sporting Goods - 0.66%
Mattel, Inc.		706,300		16,569,798
Trucking & Freight - 0.30%
United Parcel Service, Inc., Class B		101,300		7,607,630
TOTAL COMMON STOCKS (Cost $1,915,148,756)			$	2,397,693,541
CORPORATE BONDS - 0.15%
Automobiles - 0.15%
Ford Motor Company
4.25% due 12/15/2036		3,123,000		3,668,276
TOTAL CORPORATE BONDS (Cost $3,123,000)			$	3,668,276
SHORT TERM INVESTMENTS - 5.10%
John Hancock Cash Investment Trust	$	25,925,032	$	25,925,032
T. Rowe Price Reserve Investment Fund		102,355,701		102,355,701
TOTAL SHORT TERM INVESTMENTS
(Cost $128,280,733)			$	128,280,733

Equity-Income Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.14%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$3,662,251 on 10/01/2007,
collateralized by $3,770,000
Federal Home Loan Mortgage
Corp., 5.625% due 11/23/2035
(valued at $3,734,362, including
interest)	$	3,661,000	$	3,661,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,661,000)			$	3,661,000
Total Investments (Equity-Income Trust)
(Cost $2,050,213,489) - 100.78%			$	2,533,303,550
Liabilities in Excess of Other Assets - (0.78)%				(19,646,235)
TOTAL NET ASSETS - 100.00%			$	2,513,657,315
Financial Services Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.45%
Banking - 10.47%
Commerce Bancorp, Inc. (a)		197,200	$	7,647,416
ICICI Bank, Ltd., SADR (a)		12,900		680,088
State Bank of India GDR		73,118		8,189,216
				16,516,720
Business Services - 10.81%
Dun & Bradstreet Corp.		69,300		6,833,673
H & R Block, Inc.		135,200		2,863,536
Moody's Corp.		146,000		7,358,400
				17,055,609
Containers & Glass - 2.22%
Sealed Air Corp.		137,000		3,501,720
Electronics - 1.41%
Tyco Electronics, Ltd.		62,875		2,227,661
Financial Services - 37.28%
American Express Company		318,200		18,891,534
Ameriprise Financial, Inc.		65,540		4,136,229
Bank of New York Mellon Corp.		99,300		4,383,102
Goldman Sachs Group, Inc.		16,400		3,554,536
JP Morgan Chase & Company		163,148		7,475,441
Merrill Lynch & Company, Inc.		40,900		2,915,352
T. Rowe Price Group, Inc.		58,600		3,263,434
The First Marblehead Corp. (a)		216,750		8,221,328
Wells Fargo & Company		167,900		5,980,598
				58,821,554
Healthcare Products - 1.65%
Covidien, Ltd. *		62,875		2,609,313
Holdings Companies/Conglomerates - 8.24%
Loews Corp.		242,100		11,705,535

The accompanying notes are an integral part of the financial statements. 

83

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Financial Services Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Holdings Companies/Conglomerates
(continued)
RHJ International *		71,525	$	1,296,601
				13,002,136
Insurance - 24.27%
American International Group, Inc.		122,600		8,293,890
China Life Insurance Company, Ltd., SADR		69,364		5,980,564
Everest Re Group, Ltd.		37,300		4,111,952
FPIC Insurance Group, Inc. *		57,600		2,479,680
Markel Corp. *		14,400		6,969,600
Progressive Corp.		204,100		3,961,581
Transatlantic Holdings, Inc.		92,237		6,487,028
				38,284,295
Investment Companies - 0.33%
Oaktree Capital Group, LLC *		14,000		514,500
Manufacturing - 1.77%
Tyco International, Ltd.		62,875		2,787,878
TOTAL COMMON STOCKS (Cost $106,378,195)			$	155,321,386
SHORT TERM INVESTMENTS - 12.28%
John Hancock Cash Investment Trust (c)	$	16,689,486	$	16,689,486
Societe Generale North America, Inc.
zero coupon due 10/01/2007		2,695,000		2,695,000
TOTAL SHORT TERM INVESTMENTS
(Cost $19,384,486)			$	19,384,486
Total Investments (Financial Services Trust)
(Cost $125,762,681) - 110.73%			$	174,705,872
Liabilities in Excess of Other Assets - (10.73)%				(16,935,338)
TOTAL NET ASSETS - 100.00%			$	157,770,534
Franklin Templeton Founding Allocation Trust
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
Global Trust Series NAV		14,141,175	$	279,995,265
Income Trust Series NAV		22,036,135		280,079,271
Mutual Shares Trust Series NAV		22,838,113		279,995,265
TOTAL INVESTMENT COMPANIES (Cost $837,381,117)			$	840,069,801
Total Investments (Franklin Templeton Founding Allocation			$	840,069,801
Trust) (Cost $837,381,117) - 100.00%
Other Assets in Excess of Liabilities - 0.00%				18,599
TOTAL NET ASSETS - 100.00%			$	840,088,400

Fundamental Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 95.83%
Advertising - 0.23%
WPP Group PLC, SADR (a)	48,449	$	3,270,307
Banking - 2.47%
Commerce Bancorp, Inc. (a)	212,100		8,225,238
Wachovia Corp.	536,750		26,918,012
			35,143,250
Broadcasting - 1.87%
Liberty Media Corp. - Capital, Series A *	33,505		4,182,429
News Corp., Class A	1,020,600		22,442,994
			26,625,423
Business Services - 3.55%
Dun & Bradstreet Corp.	82,305		8,116,096
H & R Block, Inc.	572,977		12,135,653
Iron Mountain, Inc. *	587,437		17,905,080
Moody's Corp.	247,199		12,458,829
			50,615,658
Cable & Television - 3.01%
Comcast Corp., Special Class A *	1,547,764		37,084,425
Virgin Media, Inc.	237,007		5,752,160
			42,836,585
Coal - 0.88%
China Coal Energy Company, H Shares *	4,221,100		12,550,428
Computers & Business Equipment - 1.79%
Dell, Inc. *	574,700		15,861,720
Hewlett-Packard Company	194,816		9,699,889
			25,561,609
Construction Materials - 1.58%
Martin Marietta Materials, Inc. (a)	101,621		13,571,485
Vulcan Materials Company	100,830		8,988,994
			22,560,479
Containers & Glass - 1.54%
Sealed Air Corp.	860,092		21,983,952
Cosmetics & Toiletries - 1.47%
Avon Products, Inc.	150,688		5,655,321
Procter & Gamble Company	217,500		15,298,950
			20,954,271
Crude Petroleum & Natural Gas - 6.54%
Devon Energy Corp.	391,791		32,597,011
EOG Resources, Inc.	347,012		25,099,378
Occidental Petroleum Corp.	554,118		35,507,882
			93,204,271
Electronics - 1.59%
Agilent Technologies, Inc. *	188,700		6,959,256
Tyco Electronics, Ltd.	442,542		15,679,263
			22,638,519
Financial Services - 17.55%
American Express Company	1,032,235		61,283,792
Ameriprise Financial, Inc.	272,027		17,167,624
Bank of New York Mellon Corp.	379,900		16,768,786
Citigroup, Inc.	513,781		23,978,159

The accompanying notes are an integral part of the financial statements. 

84

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Fundamental Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Discover Financial Services *	56,712	$	1,179,610
E*TRADE Financial Corp. *	77,800		1,016,068
HSBC Holdings PLC	1,996,620		36,816,829
JP Morgan Chase & Company	1,095,238		50,183,805
Morgan Stanley	113,425		7,145,775
State Street Corp.	36,025		2,455,464
Wells Fargo & Company	897,934		31,984,409
			249,980,321
Food & Beverages - 1.76%
Diageo PLC, SADR	210,619		18,477,605
Hershey Company	142,217		6,600,291
			25,077,896
Forest Products - 0.21%
Sino-Forest Corp. *	131,400		2,965,288
Healthcare Products - 1.29%
Covidien, Ltd. *	442,542		18,365,493
Healthcare Services - 2.15%
Cardinal Health, Inc.	175,748		10,989,522
Express Scripts, Inc. *	133,200		7,435,224
UnitedHealth Group, Inc.	251,100		12,160,773
			30,585,519
Holdings Companies/Conglomerates - 6.32%
Berkshire Hathaway, Inc., Class A *	388		45,981,880
China Merchants Holdings International
Company, Ltd.	2,085,441		12,991,646
Loews Corp.	641,389		31,011,158
			89,984,684
Household Products - 0.19%
Hunter Douglas NV	29,636		2,654,597
Industrials - 0.32%
Cosco Pacific, Ltd.	1,439,185		4,556,933
Insurance - 9.70%
Ambac Financial Group, Inc.	98,700		6,209,217
American International Group, Inc.	819,257		55,422,736
Aon Corp.	230,492		10,328,347
Chubb Corp.	62,996		3,379,105
Markel Corp. *	2,353		1,138,852
Millea Holdings, Inc.	342,400		13,757,941
NIPPONKOA Insurance Co., Ltd. *	736,400		6,398,187
Principal Financial Group, Inc.	71,758		4,527,212
Progressive Corp.	1,116,604		21,673,284
Sun Life Financial, Inc.	43,729		2,293,586
Transatlantic Holdings, Inc.	186,300		13,102,479
			138,230,946
International Oil - 5.44%
Canadian Natural Resources Ltd. (a)	94,300		7,143,225
ConocoPhillips	801,776		70,371,879
			77,515,104

Fundamental Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Content - 0.44%
Google, Inc., Class A *	11,140$	$	6,319,388
Internet Retail - 1.14%
Amazon.com, Inc. *	111,600		10,395,540
Expedia, Inc. * (a)	78,722		2,509,658
Liberty Media Holding Corp.-Interactive A *	172,525		3,314,205
			16,219,403
Liquor - 0.83%
Heineken Holding NV	207,750		11,874,230
Manufacturing - 2.56%
Harley-Davidson, Inc.	364,168		16,828,203
Tyco International, Ltd.	442,542		19,622,313
			36,450,516
Mining - 0.63%
BHP Billiton PLC	136,500		4,869,822
Rio Tinto PLC	48,300		4,163,174
			9,032,996
Petroleum Services - 1.02%
Transocean, Inc. *	129,125		14,597,581
Publishing - 0.99%
Gannett Company, Inc.	52,682		2,302,204
Lagardere S.C.A.	139,813		11,865,540
			14,167,744
Real Estate - 0.36%
Hang Lung Group, Ltd.	903,000		5,166,309
Retail Trade - 7.96%
Bed Bath & Beyond, Inc. *	223,750		7,634,350
CarMax, Inc. *	257,000		5,224,810
Costco Wholesale Corp.	869,594		53,366,984
CVS Caremark Corp.	480,467		19,040,907
Lowe's Companies, Inc.	202,700		5,679,654
Sears Holdings Corp. *	18,300		2,327,760
Wal-Mart Stores, Inc.	459,905		20,074,853
			113,349,318
Semiconductors - 0.35%
Texas Instruments, Inc.	135,100		4,943,309
Shipbuilding - 0.31%
China Shipping Development Company, Ltd.,
Class H	1,356,000		4,406,989
Software - 1.97%
Microsoft Corp.	954,674		28,124,696
Telecommunications Equipment &
Services - 0.52%
SK Telecom Company, Ltd., ADR (a)	247,361		7,346,622
Telephone - 1.00%
Sprint Nextel Corp.	747,800		14,208,200
Tobacco - 3.24%
Altria Group, Inc.	663,397		46,125,993

The accompanying notes are an integral part of the financial statements. 

85

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Fundamental Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Transportation - 0.08%
Asciano Group *		143,900	$	1,142,795
Trucking & Freight - 0.98%
Kuehne & Nagel International AG		56,900		5,585,934
Toll Holdings, Ltd.		195,675		2,271,189
United Parcel Service, Inc., Class B		80,758		6,064,926
				13,922,049
TOTAL COMMON STOCKS (Cost $1,019,827,320)			$	1,365,259,671
CONVERTIBLE BONDS - 0.21%
Telecommunications Equipment &
Services - 0.21%
Level 3 Communications, Inc.
10.00% due 05/01/2011		2,000,000		3,045,000
TOTAL CONVERTIBLE BONDS (Cost $2,000,000)			$	3,045,000
SHORT TERM INVESTMENTS - 6.10%
John Hancock Cash Investment Trust	$	34,656,869	$	34,656,869
Rabobank USA Finance Corp.
4.99% due 10/01/2007		38,286,000		38,286,000
Societe Generale North America, Inc.
5.105% due 10/01/2007		13,929,000		13,929,000
TOTAL SHORT TERM INVESTMENTS
(Cost $86,871,869)			$	86,871,869
Total Investments (Fundamental Value Trust)
(Cost $1,108,699,189) - 102.14%			$	1,455,176,540
Liabilities in Excess of Other Assets - (2.14)%				(30,446,732)
TOTAL NET ASSETS - 100.00%			$	1,424,729,808
Global Allocation Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 68.66%
Australia - 0.59%
National Australia Bank, Ltd.		13,656	$	480,107
Qantas Airways, Ltd., ADR		131,113		647,731
QBE Insurance Group, Ltd.		28,789		861,506
				1,989,344
Austria - 0.09%
Telekom Austria AG		11,789		307,575
Belgium - 0.10%
KBC Bancassurance Holding NV		2,399		329,083
Bermuda - 0.29%
Esprit Holdings, Ltd.		30,200		480,059
Weatherford International, Ltd. *		5,400		362,772
Yue Yuen Industrial Holdings, Ltd.		47,000		140,651
				983,482

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada - 0.73%
Alcan Aluminum, Ltd.	4,900	$	488,106
Canadian National Railway Company	6,700		381,762
Canadian Pacific Railway, Ltd.	4,200		295,136
Cott Corp. *	6,900		54,721
Magna International, Inc.	2,500		240,802
Research In Motion, Ltd. *	2,200		216,810
Toronto Dominion Bank Ontario	10,300		788,928
			2,466,265
Denmark - 0.11%
Novo Nordisk AS	3,200		385,215
Finland - 0.34%
Nokia AB Oyj	14,519		550,345
Stora Enso Oyj, R Shares	30,577		593,860
			1,144,205
France - 1.45%
AXA Group SA	23,648		1,055,081
Compagnie Generale des Etablissements
Michelin, Class B	3,658		490,345
France Telecom SA	39,507		1,319,458
Sanofi-Aventis SA	1,217		102,747
STMicroelectronics NV	17,130		287,150
Total SA	20,571		1,667,712
			4,922,493
Germany - 1.62%
Allianz AG	5,388		1,255,199
DaimlerChrysler AG	4,595		461,503
Deutsche Postbank AG	3,317		242,832
E.ON AG	2,708		499,221
Henkel KGaA-Vorzug	7,775		398,957
IKB Deutsche Industriebank AG *	3,084		61,344
MAN AG	2,502		363,027
Metro AG	4,363		392,918
SAP AG	9,517		555,458
Siemens AG	9,106		1,248,341
			5,478,800
Greece - 0.20%
Alpha Bank A.E.	12,534		435,541
National Bank of Greece SA	3,767		239,410
			674,951
Hong Kong - 0.11%
Sun Hung Kai Properties, Ltd.	22,000		370,950
Ireland - 0.45%
Bank of Ireland - London	30,122		558,898
CRH PLC - London	8,832		347,085
Experian Group, Ltd.	24,759		260,955
Irish Life & Permanent PLC - London	10,768		238,529
Smurfit Kappa Group PLC *	4,826		111,501
			1,516,968
Italy - 0.56%
Fiat SpA	10,652		321,226

The accompanying notes are an integral part of the financial statements. 

86

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Intesa Sanpaolo SpA	144,847	$	1,115,183
UniCredito Italiano SpA	52,849		450,844
			1,887,253
Japan - 3.00%
AEON Company, Ltd.	12,600		177,855
Asahi Breweries, Ltd.	21,900		333,319
Bridgestone Corp.	15,300		337,989
Canon, Inc.	10,400		567,125
East Japan Railway Company	27		212,750
Fast Retailing Company, Ltd.	2,100		121,091
Funai Electric Company, Ltd.	1,900		82,623
Honda Motor Company, Ltd.	16,300		547,208
Hoya Corp.	13,300		453,435
Japan Tobacco, Inc.	76		417,081
JFE Holdings, Inc.	3,100		219,464
KDDI Corp.	31		229,709
Kubota Corp.	31,000		255,053
Mitsubishi Corp.	21,200		671,143
Mitsui Fudosan Company, Ltd.	9,000		249,696
Mitsui O.S.K. Lines, Ltd.	12,000		194,225
Mitsui Sumitomo Insurance Company, Ltd.	33,000		387,172
Nitto Denko Corp.	7,900		366,899
NOK Corp.	8,200		175,439
Nomura Holdings, Inc.	14,000		234,510
NTN Corp.	23,000		205,036
NTT DoCoMo, Inc.	209		298,104
Rohm Company, Ltd.	4,300		379,588
Shin-Etsu Chemical Company, Ltd.	6,400		441,955
SMC Corp.	1,600		218,890
Sompo Japan Insurance, Inc.	19,000		217,794
Sumitomo Mitsui Financial Group, Inc.	65		505,958
Sumitomo Trust & Banking Company, Ltd.	36,000		272,082
The Bank of Yokohama, Ltd.	38,000		262,080
Tokyo Gas Company, Ltd.	47,000		218,690
Toyota Motor Corp.	10,700		630,945
Yamada Denki Company, Ltd.	2,740		270,950
			10,155,858
Netherlands - 1.03%
ABN AMRO Holdings NV	17,128		899,828
ASML Holding NV *	16,831		556,379
ING Groep NV	11,903		526,834
Koninklijke (Royal) KPN NV	29,511		510,638
Koninklijke (Royal) Philips Electronics NV	6,370		286,650
Reed Elsevier NV	19,897		376,817
TNT Post Group NV	8,362		349,539
			3,506,685
Norway - 0.27%
Statoil ASA	19,450		660,336
Telenor ASA	12,300		245,441
			905,777

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain - 0.39%
Banco Santander Central Hispano SA	68,419	$	1,325,901
Sweden - 0.30%
Ericsson LM, Series B	116,000		462,173
Sandvik AB *	26,100		557,227
			1,019,400
Switzerland - 1.63%
Alcon, Inc.	2,800		402,976
Clariant AG *	11,358		139,232
Credit Suisse Group AG	15,610		1,033,669
Holcim, Ltd.	3,339		367,838
Nestle SA	1,390		622,752
Novartis AG	22,300		1,227,374
Roche Holdings AG	8,172		1,477,799
Straumann Holding AG	958		268,357
			5,539,997
United Kingdom - 3.56%
Associated British Foods PLC	10,121		165,169
AstraZeneca Group PLC	7,098		354,378
Barclays PLC	76,968		934,403
BICC PLC	15,660		151,485
BP PLC	158,222		1,830,523
British Sky Broadcasting Group PLC	24,548		347,811
Cadbury Schweppes PLC	20,281		234,431
Carnival PLC	6,986		332,408
Diageo PLC	30,630		670,647
GlaxoSmithKline PLC	7,101		187,760
Home Retail Group	12,693		96,455
Kesa Electricals PLC	39,784		223,243
Kingfisher PLC	86,157		314,051
Prudential PLC	55,390		848,600
Rentokil Initial PLC	41,880		142,497
Rio Tinto PLC	5,838		503,201
Royal Bank of Scotland Group PLC	76,660		820,485
Scottish & Southern Energy PLC	11,702		360,468
Standard Chartered PLC	11,220		365,978
Tesco PLC	59,162		529,782
Vodafone Group PLC	569,550		2,049,363
Wolseley PLC	21,410		360,746
WPP Group PLC	18,865		254,599
			12,078,483
United States - 51.84%
Abbott Laboratories	2,400		128,688
Abercrombie & Fitch Company, Class A	2,300		185,610
Adobe Systems, Inc. *	8,000		349,280
AFLAC, Inc.	16,300		929,752
Allergan, Inc.	58,200		3,752,154
Allstate Corp.	21,100		1,206,709
Amazon.com, Inc. *	21,000		1,956,150
American Eagle Outfitters, Inc.	9,000		236,790
American Electric Power Company, Inc.	26,900		1,239,552
American Tower Corp., Class A *	3,800		165,452

The accompanying notes are an integral part of the financial statements. 

87

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United States (continued)
Amgen, Inc. *	8,400	$	475,188
Analog Devices, Inc.	65,000		2,350,400
Anheuser-Busch Companies, Inc.	18,900		944,811
Apache Corp.	2,100		189,126
Apple, Inc. *	5,300		813,762
AT&T, Inc.	48,500		2,052,035
Automatic Data Processing, Inc.	5,200		238,836
Baker Hughes, Inc.	3,800		343,406
Bank of New York Mellon Corp.	67,401		2,975,080
Baxter International, Inc.	7,600		427,728
BEA Systems, Inc. *	65,800		912,646
Becton, Dickinson & Company	4,300		352,815
Blackrock, Inc., Class A	500		86,705
Boeing Company	2,000		209,980
BorgWarner, Inc.	19,900		1,821,447
Bristol-Myers Squibb Company	37,500		1,080,750
Broadcom Corp., Class A *	9,200		335,248
Burlington Northern Santa Fe Corp.	36,000		2,922,120
C.R. Bard, Inc.	4,900		432,131
Carnival Corp. (a)	44,000		2,130,920
CB Richard Ellis Group, Inc. *	1,800		50,112
Cephalon, Inc. *	7,500		547,950
Chevron Corp.	10,900		1,020,022
Chico's FAS, Inc. *	38,600		542,330
Cisco Systems, Inc. *	23,800		788,018
Citigroup, Inc.	108,600		5,068,362
Citrix Systems, Inc. *	36,200		1,459,584
City National Corp.	8,500		590,835
Coach, Inc. *	14,900		704,323
Comcast Corp., Class A *	40,800		986,544
CONSOL Energy, Inc.	1,800		83,880
Constellation Brands, Inc., Class A *	45,700		1,106,397
Costco Wholesale Corp.	33,400		2,049,758
Dell, Inc. *	49,500		1,366,200
Discover Financial Services *	33,750		702,000
eBay, Inc. *	14,000		546,280
EMC Corp. *	12,200		253,760
ENSCO International, Inc.	17,700		992,970
EOG Resources, Inc.	16,200		1,171,746
Exelon Corp.	58,100		4,378,416
Express Scripts, Inc. *	4,800		267,936
Exxon Mobil Corp.	14,500		1,342,120
Federal Home Loan Mortgage Corp.	22,600		1,333,626
FedEx Corp.	20,700		2,168,325
Fifth Third Bancorp	53,700		1,819,356
Fortune Brands, Inc.	15,100		1,230,499
Genentech, Inc. *	5,200		405,704
General Dynamics Corp.	2,700		228,069
General Electric Company	94,400		3,908,160
Genzyme Corp. *	34,700		2,150,012
GlobalSantaFe Corp.	18,000		1,368,360
Goldman Sachs Group, Inc.	1,600		346,784

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United States (continued)
Google, Inc., Class A *	3,600	$	2,042,172
Halliburton Company	45,100		1,731,840
Harley-Davidson, Inc.	13,600		628,456
Hartford Financial Services Group, Inc.	14,500		1,341,975
Illinois Tool Works, Inc.	50,400		3,005,856
Intel Corp.	160,600		4,153,116
International Game Technology	13,300		573,230
Intuit, Inc. *	31,600		957,480
iShares Russell 1000 Growth Index Fund *	600		37,038
ITT Educational Services, Inc. *	2,500		304,225
J. Crew Group, Inc. *	6,600		273,900
Johnson & Johnson	29,900		1,964,430
Johnson Controls, Inc.	23,800		2,811,018
JP Morgan Chase & Company	51,500		2,359,730
Laboratory Corp. of America Holdings *	6,600		516,318
Las Vegas Sands Corp. *	3,000		400,260
Linear Technology Corp. (a)	29,600		1,035,704
Masco Corp.	87,100		2,018,107
MasterCard, Inc., Class A	4,000		591,880
McGraw-Hill Companies, Inc.	17,800		906,198
Medco Health Solutions, Inc. *	18,700		1,690,293
Medtronic, Inc.	25,900		1,461,019
Merck & Company, Inc.	47,500		2,455,275
Microchip Technology, Inc.	9,200		334,144
Microsoft Corp.	148,600		4,377,756
Millennium Pharmaceuticals, Inc. *	65,900		668,885
Millipore Corp. *	5,000		379,000
Morgan Stanley	68,800		4,334,400
News Corp., Class A	69,600		1,530,504
NiSource, Inc.	32,100		614,394
Northeast Utilities	4,600		131,422
Omnicom Group, Inc.	30,400		1,461,936
PACCAR, Inc.	16,300		1,389,575
Peabody Energy Corp.	20,300		971,761
Pepco Holdings, Inc.	21,000		568,680
PepsiCo, Inc.	2,800		205,128
Pharmaceutical Product Development, Inc.	13,300		471,352
PNC Financial Services Group, Inc.	16,600		1,130,460
Praxair, Inc.	8,700		728,712
Precision Castparts Corp.	600		88,788
Procter & Gamble Company	3,500		246,190
QUALCOMM, Inc.	13,500		570,510
Quest Diagnostics, Inc.	8,300		479,491
R.H. Donnelley Corp. *	19,907		1,115,190
Range Resources Corp.	4,800		195,168
Red Hat, Inc. *	20,100		399,387
Rockwell Automation, Inc.	4,900		340,599
Schering-Plough Corp.	26,600		841,358
Schlumberger, Ltd.	5,300		556,500
Sempra Energy	25,500		1,482,060
Southwestern Energy Company *	4,600		192,510
Sprint Nextel Corp.	156,395		2,971,505

The accompanying notes are an integral part of the financial statements. 

88

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United States (continued)
Starbucks Corp. *		10,300	$	269,860
Symantec Corp. *		94,244		1,826,449
Sysco Corp.		50,000		1,779,500
Target Corp.		17,200		1,093,404
Texas Instruments, Inc.		8,300		303,697
The Blackstone Group LP *		14,578		365,616
The Manitowoc Company, Inc.		3,200		141,696
UBS Emerging Markets Equities Fund *		288,845		11,038,859
UBS High Yield Fund *		462,450		10,201,590
United Technologies Corp.		8,000		643,840
UnitedHealth Group, Inc.		32,800		1,588,504
Viacom, Inc., Class B *		28,000		1,091,160
VMware, Inc. Class A *		2,400		204,000
Wells Fargo & Company		122,200		4,352,764
Wyeth		60,700		2,704,185
Wynn Resorts, Ltd. * (a)		3,900		614,484
Xilinx, Inc.		51,700		1,351,438
XTO Energy, Inc.		6,600		408,144
Yahoo!, Inc. *		51,600		1,384,944
				175,624,728
TOTAL COMMON STOCKS (Cost $202,091,114)			$	232,613,413
U.S. TREASURY OBLIGATIONS - 3.90%
U.S. Treasury Bonds - 1.61%
4.75% due 02/15/2037		1,955,000		1,927,966
6.25% due 05/15/2030		535,000		635,981
6.625% due 02/15/2027		975,000		1,184,853
6.25% due 08/15/2023		1,480,000		1,700,266
				5,449,066
U.S. Treasury Notes - 2.29%
4.50% due 03/31/2009		2,415,000		2,433,678
4.625% due 11/15/2016		480,000		482,362
4.875% due 06/30/2012		4,715,000		4,846,874
				7,762,914
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $13,038,315)			$	13,211,980
U.S. GOVERNMENT AGENCY OBLIGATIONS - 5.90%
Federal Home Loan Bank - 0.75%
5.375% due 05/18/2016		905,000		931,395
5.50% due 08/13/2014		1,560,000		1,622,104
				2,553,499
Federal Home Loan Mortgage Corp. - 1.32%
4.50% due 06/01/2034		253,760		235,793
5.275% due 05/01/2037		654,099		651,339
5.30% due 02/27/2009		355,000		356,085
5.375% due 12/27/2011		375,000		375,851
5.50% due 04/01/2018 to 04/01/2037		1,827,902		1,796,843
5.60% due 10/17/2013		315,000		317,698
5.75% due 06/27/2016		165,000		171,736
5.75% due 09/15/2010	EUR	150,000		220,826

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
6.00% due 12/01/2017 to 08/15/2030	$	58,403	$	58,980
6.50% due 11/01/2029		288,369		296,621
				4,481,772
Federal National Mortgage
Association - 3.21%
4.375% due 09/13/2010		495,000		494,120
4.694% due 09/01/2035		706,751		691,077
5.20% due 11/08/2010		305,000		305,191
5.25% due 08/01/2012		200,000		204,082
5.375% due 06/12/2017		670,000		689,004
5.50% due 01/23/2012 to 03/01/2037		3,401,737		3,352,865
5.625% due 07/15/2037		240,000		252,342
5.85% due 02/01/2036		371,169		375,687
6.00% due 06/01/2014 to 12/01/2036		2,436,118		2,432,499
6.07% due 05/12/2016		355,000		357,950
6.19% due 04/01/2036		712,543		723,431
6.50% due 06/01/2017 to 01/01/2036		808,257		830,235
7.50% due 07/25/2041		146,821		154,535
				10,863,018
Government National Mortgage
Association - 0.62%
6.00% due 07/15/2029		776,871		784,590
6.125% due 12/20/2029 (b)		10,127		10,225
6.50% due 08/15/2027 to 04/15/2031		1,279,112		1,318,463
				2,113,278
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS			$
(Cost $19,985,329)				20,011,567
FOREIGN GOVERNMENT OBLIGATIONS - 6.03%
Austria - 0.25%
Republic of Austria, Series 98, Class 1
5.00% due 01/15/2008	EUR	300,000		427,525
5.25% due 01/04/2011		295,000		432,614
				860,139
Belgium - 0.19%
Kingdom of Belgium
5.75% due 03/28/2008		440,000		630,280
Canada - 0.25%
Government of Canada
6.00% due 06/01/2011	CAD	800,000		851,647
France - 0.76%
Government of France
3.00% due 07/12/2008	EUR	235,000		331,296
3.75% due 04/25/2021		525,000		687,140
4.75% due 04/25/2035		165,000		237,895
5.50% due 04/25/2029		840,000		1,327,645
				2,583,976
Germany - 2.34%
Federal Republic of Germany
3.50% due 10/10/2008		1,120,000		1,583,403

The accompanying notes are an integral part of the financial statements.
89

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Germany (continued)
Federal Republic of Germany (continued)
3.75% due 01/04/2015	EUR	80,000	$	110,142
3.75% due 01/04/2009		415,000		587,875
4.00% due 01/04/2037		570,000		734,967
4.50% due 07/04/2009		1,590,000		2,275,966
4.75% due 07/04/2034		630,000		914,911
5.25% due 07/04/2010		180,000		263,384
6.25% due 01/04/2024		65,000		110,175
6.50% due 07/04/2027		770,000		1,360,884
				7,941,707
Italy - 0.29%
Republic of Italy
4.50% due 05/01/2009		210,000		300,112
5.25% due 08/01/2011		460,000		677,076
				977,188
Japan - 1.15%
Japan Government Five Year Bond, Series 25
0.30% due 03/20/2008	JPY	106,000,000		918,541
0.50% due 12/10/2014		15,000,000		125,083
0.90% due 06/15/2008		65,000,000		565,379
1.00% due 06/10/2016		31,124,000		265,331
1.30% due 06/20/2011		115,000,000		1,008,668
1.30% due 06/20/2015		35,000,000		300,957
1.70% due 03/20/2017		8,000,000		69,924
1.90% due 06/20/2025		35,000,000		296,192
2.30% due 06/20/2035		41,000,000		348,895
				3,898,970
Netherlands - 0.23%
Kingdom of Netherlands
4.00% due 01/15/2037	EUR	220,000		280,985
5.00% due 07/15/2011		345,000		504,353
				785,338
Poland - 0.18%
Poland Government Bond, Series 0922
5.75% due 09/23/2022	PLN	1,590,000		597,919
Sweden - 0.08%
Kingdom of Sweden
6.75% due 05/05/2014	SEK	1,440,000		253,332
United Kingdom - 0.31%
Government of United Kingdom
4.75% due 03/07/2020	GBP	300,000		600,366
4.75% due 09/07/2015		65,000		130,137
5.00% due 03/07/2012		155,000		316,054
				1,046,557
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $19,397,912)			$	20,427,053
CORPORATE BONDS - 4.69%
Canada - 0.01%
Anadarko Finance Company, Series B
6.75% due 05/01/2011	$	40,000		41,814

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
France - 0.01%
France Telecom SA
7.75% due 03/01/2011	$	30,000	$	32,248
Germany - 0.53%
KfW Bankengruppe, EMTN
4.75% due 12/07/2010	GBP	200,000		399,139
Kreditanstalt Fuer Wiederaufbau
5.00% due 07/04/2011	EUR	330,000		479,765
Kreditanstalt fuer Wiederaufbau, Series EMTN
4.625% due 10/12/2012		230,000		331,298
Kreditanstalt fuer Wiederaufbau, Series EXCH
5.50% due 12/07/2015	GBP	130,000		264,756
Landwirtschaftliche Rentenbank
6.00% due 09/15/2009	AUD	380,000		330,862
				1,805,820
Luxembourg - 0.08%
Telecom Italia Capital SA
5.25% due 11/15/2013	$	295,000		286,297
Netherlands - 0.11%
Rabobank Nederland, Series EMTN
4.125% due 04/04/2012	EUR	255,000		355,257
SNAT - 0.24%
European Investment Bank
6.25% due 04/15/2014	GBP	160,000		338,997
European Investment Bank, Series INTL
5.375% due 10/15/2012	EUR	320,000		475,214
				814,211
United Kingdom - 0.32%
Abbey National PLC
7.95% due 10/26/2029	$	25,000		30,330
AstraZeneca PLC
6.45% due 09/15/2037		55,000		57,028
Halifax PLC
9.375% due 05/15/2021	GBP	100,000		258,267
Lloyds TSB Bank PLC, Series EMTN
6.625% due 03/30/2015		150,000		310,987
Royal Bank of Scotland Group PLC
9.118% due 03/31/2049	$	65,000		69,599
Royal Bank of Scotland PLC
9.625% due 06/22/2015	GBP	120,000		293,956
SABMiller PLC
6.50% due 07/01/2016	$	55,000		56,355
				1,076,522
United States - 3.39%
Allergan, Inc.
5.75% due 04/01/2016		200,000		197,624
AOL Time Warner, Inc.
6.875% due 05/01/2012		200,000		209,856
AT&T Corp.
8.00% due 11/15/2031 (b)		45,000		54,752
AT&T Wireless Services, Inc.
8.75% due 03/01/2031		30,000		37,981
Avalonbay Communities, Inc.
7.50% due 08/01/2009		15,000		15,616

The accompanying notes are an integral part of the financial statements. 

90

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
Avon Products, Inc.
7.15% due 11/15/2009	$	25,000	$	26,204
Bank of America Corp.
5.42% due 03/15/2017		500,000		486,142
Bank One Corp.
7.875% due 08/01/2010		125,000		133,740
Bear Stearns Companies, Inc.
5.55% due 01/22/2017		130,000		122,716
Bellsouth Corp.
6.55% due 06/15/2034		35,000		35,718
Boeing Capital Corp.
6.10% due 03/01/2011		50,000		51,612
Bristol-Myers Squibb Company
5.875% due 11/15/2036		115,000		109,684
Burlington Northern Santa Fe Corp.
7.082% due 05/13/2029		25,000		26,979
Capital One Financial Corp.
5.50% due 06/01/2015		165,000		157,208
6.75% due 09/15/2017		250,000		255,984
Citigroup, Inc.
5.00% due 09/15/2014		420,000		404,846
5.625% due 08/27/2012		165,000		166,933
Citigroup, Inc., Series E, MTN
5.50% due 11/18/2015	GBP	175,000		343,825
Comcast Cable Communications, Inc.
6.75% due 01/30/2011	$	345,000		357,833
Comcast Corp.
6.30% due 11/15/2017		155,000		157,547
Computer Sciences Corp.
3.50% due 04/15/2008		35,000		34,537
ConAgra Foods, Inc.
6.75% due 09/15/2011		2,000		2,091
Coors Brewing Company
6.375% due 05/15/2012		1,000		1,048
Countrywide Financial Corp., Series MTn
5.44% due 10/31/2007 (b)		95,000		94,702
Countrywide Funding Corp., MTN
3.25% due 05/21/2008		50,000		48,187
Countrywide Home Loans, Inc., Series MTNK
4.25% due 12/19/2007		45,000		44,479
Credit Suisse First Boston USA, Inc.
6.50% due 01/15/2012		95,000		99,283
CVS Caremark Corp.
5.75% due 06/01/2017		135,000		131,767
Devon Financing Corp., ULC
6.875% due 09/30/2011		50,000		52,855
Dominion Resources, Inc.
5.95% due 06/15/2035		75,000		70,289
DTE Energy Company
6.35% due 06/01/2016		105,000		108,165
Duke Capital LLC
5.668% due 08/15/2014		55,000		53,777
Erac USA Finance Company
7.35% due 06/15/2008		55,000		55,600
Exelon Generation Company LLC
5.35% due 01/15/2014		85,000		82,615

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
First Union National Bank
7.80% due 08/18/2010	$	35,000	$	37,497
Ford Motor Credit Company
5.80% due 01/12/2009		730,000		705,081
Fortune Brands, Inc.
5.375% due 01/15/2016		225,000		213,372
General Electric Capital Corp., Series MTN
5.625% due 09/15/2017		100,000		100,048
General Electric Capital Corp., Series A, MTN
6.00% due 06/15/2012		625,000		644,466
General Motors Acceptance Corp.
6.875% due 09/15/2011		110,000		104,683
Goldman Sachs Group, Inc.
6.875% due 01/15/2011		185,000		193,624
Harley Davidson Funding Corp. MTN
3.625% due 12/15/2008		25,000		24,589
HSBC Bank USA NA/New York NY, Series BKNT
5.625% due 08/15/2035		250,000		225,534
HSBC Finance Corp.
6.75% due 05/15/2011		130,000		135,586
ICI Wilmington, Inc.
4.375% due 12/01/2008		130,000		129,361
International Lease Finance Corp.
3.50% due 04/01/2009		360,000		352,571
JP Morgan Chase & Company
6.75% due 02/01/2011		80,000		84,049
JP Morgan Chase Capital XXV, Series Y
6.80% due 10/01/2037		100,000		100,152
Kinder Morgan Energy Partners LP
5.125% due 11/15/2014		90,000		85,598
7.40% due 03/15/2031		250,000		267,753
Lehman Brothers Holdings, Inc.
6.50% due 07/19/2017		300,000		304,031
Merrill Lynch & Company, Inc., Series MTN
6.05% due 08/15/2012		95,000		97,405
MetLife, Inc.
5.00% due 11/24/2013		125,000		122,678
Morgan Stanley
6.75% due 04/15/2011		550,000		574,821
Pacific Gas & Electric Company
6.05% due 03/01/2034		50,000		49,105
Pemex Project Funding Master Trust
8.00% due 11/15/2011		30,000		32,805
PPL Capital Funding, Inc.
4.33% due 03/01/2009		30,000		29,661
ProLogis, REIT
5.625% due 11/15/2015		90,000		86,257
PSEG Power LLC
6.95% due 06/01/2012		145,000		152,937
Residential Capital Corp.
6.125% due 11/21/2008		135,000		120,825
6.375% due 06/30/2010		390,000		323,700
Residential Capital LLC
5.86% due 06/09/2008		175,000		161,000
Sprint Capital Corp.
8.75% due 03/15/2032		85,000		97,473

The accompanying notes are an integral part of the financial statements. 

91

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
The Bear Stearns Companies, Inc.
5.35% due 02/01/2012	$	75,000	$	73,518
Washington Mutual Bank
5.50% due 01/15/2013		325,000		313,222
Washington Mutual Bank, Series BKNT
5.95% due 05/20/2013		270,000		266,530
Waste Management, Inc.
7.375% due 08/01/2010		35,000		37,044
Wells Fargo Bank NA
5.95% due 08/26/2036		500,000		488,624
6.45% due 02/01/2011		285,000		295,766
Weyerhaeuser Company
6.75% due 03/15/2012		160,000		166,109
Xcel Energy, Inc.
7.00% due 12/01/2010		35,000		36,720
				11,466,390
TOTAL CORPORATE BONDS (Cost $15,947,783)			$	15,878,559
COLLATERALIZED MORTGAGE
OBLIGATIONS - 6.89%
United Kingdom - 0.15%
Mound Financing PLC, Series 2005-4A, Class 2B
5.5563% due 02/08/2042 (b)		500,000		498,506
United States - 6.74%
Adjustable Rate Mortgage Trust,
Series 2006-1, Class 5A1
6.0846% due 03/25/2036 (b)		376,171		377,928
Banc of America Commercial Mortgage, Inc.,
Series 2006-2, Class B
5.964% due 05/10/2045 (b)		100,000		96,710
Banc of America Commercial Mortgage, Inc.,
Series 2006-5, Class B
5.463% due 09/10/2047		150,000		139,011
Banc of America Commercial Mortgage, Inc.,
Series 2002-PB2, Class C
6.349% due 06/11/2035		345,000		352,972
Banc of America Funding Corp., Series 2007-C,
Class 1A4
5.763% due 05/20/2047 (b)		1,000,000		1,019,367
Banc of America Funding Corp.,
Series 2006-G, Class 3A2
5.75% due 07/20/2036		600,000		598,468
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-1, Class 4A1
5.00% due 03/25/2035 (b)		328,189		319,984
Citigroup Commercial Mortgage Trust, Series
2007-C6, Class A4
5.888% due 12/10/2049 (b)		1,000,000		1,003,692
Citigroup Commercial Mortgage Trust,
Series 2006-C5, Class A4
5.431% due 10/15/2049		325,000		321,989
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2007-CD4, Class B
5.447% due 12/11/2049 (b)		100,000		93,103

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2006-16, Class M1
6.25% due 11/25/2036 (b)	$	992,589	$	946,609
Credit Suisse Mortgage Capital Certificates, Series
2006-4, Class 8A1
7.00% due 05/25/2036		360,644		369,156
Credit Suisse Mortgage Capital Certificates, Series
2006-C2, Class A3
5.847% due 03/15/2039 (b)		350,000		354,504
Credit Suisse Mortgage Capital Certificates, Series
2006-C3, Class B
6.021% due 06/15/2038 (b)		100,000		96,830
Credit Suisse Mortgage Capital Certificates, Series
2007-C3, Class B
5.912% due 06/15/2039 (b)		75,000		71,559
Credit Suisse Mortgage Capital Certificates,
Series 2006-2, Class 3A1
6.50% due 03/25/2036		392,818		394,519
CS First Boston Mortgage Securities Corp.,
Series 2003-27, Class 9A1
7.00% due 11/25/2033		15,206		15,616
CS First Boston Mortgage Securities Corp.,
Series 2005-12, Class 1A1
6.50% due 01/25/2036		356,363		357,409
CS First Boston Mortgage
Securities Corp., Series 2005-11, Class 4A1
7.00% due 12/25/2035		297,148		304,105
Federal Home Loan Mortgage Corp.,
Series 2006-3164, Class NC
6.00% due 12/15/2032		475,000		483,898
Federal Home Loan Mortgage Corp.,
Series 2006-3178, Class MC
6.00% due 04/15/2032		475,000		483,495
First Horizon Alternative Mortgage Securities,
Series 2004-AA3, Class A1
5.3028% due 09/25/2034 (b)		72,024		71,935
First Horizon Asset Securities, Inc., Series
2007-AR2, Class 1A1
5.8645% due 06/25/2037 (b)		682,851		673,035
First Union Lehman Brothers Mortgage Trust,
Series 1997-C2, Class A3
6.65% due 11/18/2029		7,887		7,869
GE Capital Commercial Mortgage Corp., Series
2006-C1, Class A4
5.339% due 03/10/2044 (b)		425,000		422,971
G-Force CDO, Ltd. Series 2006-1A, Class A3
5.60% due 09/27/2046		375,000		364,629
GS Mortgage Securities Corp. II,
Series 2006-CC1, Class A
5.5195% due 03/21/2046 (b)		1,048,310		980,662
GS Mortgage Securities Corp. II,
Series 2006-RR2, Class A1
5.8112% due 06/23/2046 (b)		1,250,000		1,182,187
GS Mortgage Securities Corp., II, Series
2007-GG10, Class C
5.993% due 08/10/2045 (b)		100,000		95,103

The accompanying notes are an integral part of the financial statements. 

92

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
GS Mortgage Securities Corp.,
Series 1998-GLII, Class A1
6.312% due 04/13/2031	$	10,723	$	10,712
GSR Mortgage Loan Trust,
Series 2005-4F, Class 3A1
6.50% due 04/25/2020		251,498		258,235
Indymac Index Mortgage Loan Trust,
Series 2005-AR27, Class 3A3
5.5716% due 12/25/2035 (b)		450,000		447,736
JP Morgan Alternative Loan Trust,
Series 2006-A4, Class A7
6.30% due 09/25/2036 (b)		525,000		532,313
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP5, Class A4
5.3446% due 12/15/2044 (b)		1,625,000		1,606,521
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class A4
5.399% due 05/15/2045		425,000		420,326
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class B
5.52% due 05/15/2045 (b)		100,000		93,501
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2007-CB19, Class D
5.937% due 02/12/2049 (b)		100,000		94,265
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP4, Class B
5.129% due 10/15/2042 (b)		100,000		94,818
JPMorgan Commercial Mortgage Finance Corp.,
Series 1999-C8, Class A2
7.40% due 07/15/2031		166,058		170,287
Mach One 2004 Trust, Series 2004-1A, Class A1
3.89% due 05/28/2040		69,926		67,460
Merrill Lynch Mortgage Trust, Series 2007-C1,
Class B
6.022% due 07/12/2040 (b)		100,000		95,613
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-3, Class B
5.525% due 07/12/2046 (b)		100,000		94,227
MLCC Mortgage Investors, Inc.,
Series 2006-2, Class 4A
5.8036% due 05/25/2036 (b)		560,598		547,021
Morgan Stanley Dean Witter
Capital I, Series 2000-LIFE, Class A2
7.57% due 11/15/2036		130,466		136,203
Morgan Stanley Mortgage Loan
Trust, Series 2006-1AR, Class 2A
5.9555% due 02/25/2036 (b)		326,137		326,532
Residential Accredit Loans, Inc., Series 2007-QS6,
Class A29
6.00% due 04/25/2037		1,333,616		1,343,627
Structured Asset Securities Corp.,
Series 2002-23XS, Class A7
6.08% due 11/25/2032		150,000		149,634
TBW Mortgage Backed Pass Through Certificates,
Series 2006-2, Class 7A1
7.00% due 07/25/2036		659,829		678,145

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C23, Class A4
5.437% due 01/15/2045	$	400,000	$	396,805
WaMu Mortgage Pass Through Certificates, Series
2007-HY1, Class 1A1
5.719% due 02/25/2037 (b)		407,386		407,372
Washington Mutual Mortgage Securities Corp.,
Series 2002-AR17, Class 1A
6.1833% due 11/25/2042 (b)		249,840		250,741
Washington Mutual, Inc., Series 2007-HY1, Class
3A3
5.889% due 02/25/2037 (b)		500,000		496,328
Washington Mutual, Inc., Series 2007-HY1, Class
LB1
5.81% due 02/25/2037 (b)		999,048		1,009,356
Wells Fargo Mortgage Backed Securities Trust,
Series 2007-11, Class B1
6.00% due 08/25/2037		749,645		717,513
Wells Fargo Mortgage Backed Securities Trust,
Series 2007-AR4, Class A1
6.032% due 08/25/2037 (b)		389,550		391,691
				22,836,297
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $23,211,410)			$	23,334,803
ASSET BACKED SECURITIES - 0.91%
United States - 0.91%
Capital One Auto Finance Trust, Series 2005-D,
Class A4
5.7925% due 10/15/2012 (b)		175,000		172,048
Citibank Credit Card Issuance Trust, Series
2002-A8, Class A8
6.00875% due 11/07/2011 (b)		200,000		199,758
Citibank Credit Card Issuance Trust, Series
2003-A9, Class A9
5.59% due 11/22/2010 (b)		125,000		124,865
Countrywide Asset-Backed Certificates,
Series 2004-SD1, Class A1
5.4713% due 06/25/2033 (b)		11,602		11,302
Fieldstone Mortgage Investment Corp., Series
2006-S1, Class A
5.54% due 01/25/2037 (b)		176,389		171,897
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2005-FFA, Class M3
5.517% due 03/25/2025		500,000		360,601
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2005-FFA, Class B3
6.507% due 03/25/2025		528,276		69,789
Greenpoint Home Equity Loan Trust,
Series 2004-3, Class A
5.9825% due 03/15/2035 (b)		25,899		25,521
GSAMP Trust, Series 2006-S3, Class A2
5.769% due 05/25/2036		450,000		250,434
GSAMP Trust, Series 2006-S5, Class A2
5.658% due 09/25/2036		500,000		240,465

The accompanying notes are an integral part of the financial statements. 

93

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
United States (continued)
Harley-Davidson Motorcycle Trust, Series 2007-2,
Class B
5.23% due 03/15/2014	$	675,000	$	660,234
Home Equity Mortgage
Trust, Series 2006-3, Class A2
5.594% due 09/25/2036 (b)		500,000		325,150
Merrill Lynch Mortgage Investors, Inc., Series
2006-SL1, Class A
5.50% due 09/25/2036 (b)		53,996		53,140
Morgan Stanley Mortgage Loan Trust, Series
2006-14SL, Class A1
5.48% due 11/25/2036 (b)		133,048		121,247
Nomura Asset Acceptance Corp., Series 2006-S4,
Class A1
5.49% due 08/25/2036 (b)		136,139		128,992
SACO I Trust, Series 2006-5, Class 2A1
5.47% due 05/25/2036 (b)		193,004		161,801
				3,077,244
TOTAL ASSET BACKED SECURITIES
(Cost $4,328,563)			$	3,077,244
SUPRANATIONAL OBLIGATIONS - 0.12%
Luxembourg - 0.08%
European Investment Bank, Series MTN
5.75% due 09/15/2009	AUD	300,000		260,486
SNAT - 0.04%
European Investment Bank, Series MTN
6.125% due 05/21/2010		160,000		139,271
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $375,637)			$	399,757
SHORT TERM INVESTMENTS - 1.53%
Federal Republic of Germany
2.75% due 12/14/2007	EUR	880,000	$	1,274,528
John Hancock Cash Investment Trust (c)	$	3,916,578		3,916,578
TOTAL SHORT TERM INVESTMENTS
(Cost $5,178,242)			$	5,191,106
REPURCHASE AGREEMENTS - 0.52%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$1,763,602 on 10/01/2007,
collateralized by $1,795,000
Federal Farm Credit Bank, 4.50%
due 09/13/2010 (valued at
$1,799,488, including interest)	$	1,763,000	$	1,763,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,763,000)			$	1,763,000
Total Investments (Global Allocation Trust)
(Cost $305,317,305) - 99.15%			$	335,908,482
Other Assets in Excess of Liabilities - 0.85%				2,875,171
TOTAL NET ASSETS - 100.00%			$	338,783,653

The portfolio had the following five top industry concentrations as of September 30, 2007 (as a percentage of total net assets):

Financial Services	7.25%
Mutual Funds	6.27%
Banking	3.61%
Semiconductors	3.16%
Pharmaceuticals	3.07%

Global Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 7.19%
Treasury Inflation Protected
Securities (d) - 1.93%
2.00% due 04/15/2012 ***	$	13,223,790	$	13,127,706
2.625% due 07/15/2017 ***		10,546,620		10,871,256
				23,998,962
U.S. Treasury Bonds - 4.54%
8.875% due 08/15/2017 ***		25,000		33,312
5.00% due 05/15/2037 ***		4,400,000		4,513,436
8.125% due 08/15/2019 ***		14,100,000		18,366,350
8.875% due 02/15/2019 ***		24,500,000		33,339,135
				56,252,233
U.S. Treasury Notes - 0.01%
4.625% due 02/29/2012 ***		100,000		101,773
U.S. Treasury Strips - 0.71%
zero coupon due 05/15/2017 to
02/15/2019 ***		14,800,000		8,786,785
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $88,982,624)			$	89,139,753
U.S. GOVERNMENT AGENCY OBLIGATIONS - 44.92%
Federal National Mortgage
Association - 44.52%
2.125% due 10/09/2007 ***	JPY	100,000,000		869,865
4.187% due 11/01/2034 (b)***	$	4,523,349		4,539,741
4.924% due 12/01/2034 (b)***		851,713		845,154
5.4813% due 03/25/2044 (b)***		216,836		215,017
5.50% due 04/01/2024 to 10/01/2037 ***		177,826,863		174,324,235
5.50% TBA **		168,200,000		164,730,875
5.5313% due 09/25/2032 (b)***		53,446		53,103
6.00% due 05/15/2008 to 05/01/2037 ***		74,216,630		74,350,414
6.00% TBA **		95,100,000		95,694,375
6.50% due 09/01/2036 to 10/01/2037 ***		4,061,059		4,135,736
6.50% TBA **		31,700,000		32,259,664
				552,018,179
Government National Mortgage
Association - 0.27%
6.00% due 08/20/2034 ***		2,991,701		2,959,568
6.125% due 11/20/2023 to
10/20/2026 (b)***		123,019		124,153
6.25% due 01/20/2030 (b)***		56,209		56,754
6.375% due 02/20/2024 to
06/20/2030 (b)***		196,559		198,523
				3,338,998

The accompanying notes are an integral part of the financial statements. 

94

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Small Business Administration - 0.13%
4.12% due 03/01/2014 ***	$	1,394,797	$	1,340,765
6.64% due 02/01/2011 ***		114,525		117,489
7.22% due 11/01/2020 ***		185,373		194,572
				1,652,826
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $557,817,352)			$	557,010,003
FOREIGN GOVERNMENT OBLIGATIONS - 44.32%
Australia - 1.06%
Commonwealth of Australia
5.75% due 06/15/2011 ***	AUD	250,000		216,482
6.00% due 06/14/2011 ***		15,000,000		12,966,063
				13,182,545
Austria - 0.49%
Republic of Austria
5.25% due 01/04/2011 ***	EUR	2,900,000		4,252,812
5.50% due 01/15/2010 ***		1,200,000		1,756,389
				6,009,201
Canada - 0.52%
Province of Quebec, Canada
5.00% due 12/01/2038 ***	CAD	5,200,000		5,185,123
6.35% due 06/18/2031 ***		125,000		150,833
Province of Quebec, Canada
5.75% due 12/01/2036 ***		1,000,000		1,114,250
				6,450,206
Denmark - 0.60%
Nykredit Realkredit A/S, Series IOH
5.00% due 10/01/2038 ***	DKK	10,998,618		1,976,782
Realkredit Danmark A/S, Series 73D
4.51% due 10/01/2038 (b)***		1,412,235		253,969
5.00% due 10/01/2038 ***		28,964,292		5,207,964
				7,438,715
Finland - 0.24%
Republic of Finland
5.75% due 02/23/2011 ***	EUR	2,030,000		3,025,255
France - 4.03%
Government of France
3.00% due 07/12/2008 ***		3,000,000		4,229,314
3.40% due 07/25/2029 ***		341,838		571,984
4.00% due 04/25/2055 ***		200,000		251,462
4.00% due 04/25/2014 ***		400,000		559,546
4.00% due 10/25/2014 ***		4,500,000		6,278,838
4.00% due 04/25/2009 ***		40,000		56,789
4.75% due 04/25/2035 ***		500,000		720,895
5.00% due 10/25/2011 ***		4,550,000		6,657,959
5.25% due 04/25/2008 ***		5,830,000		8,339,075
5.50% due 04/25/2010 ***		5,190,000		7,618,298
5.75% due 10/25/2032 ***		8,900,000		14,652,971
				49,937,131

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Germany - 16.99%
Federal Republic of Germany
3.50% due 10/09/2009 ***	EUR	1,800,000	$	2,531,727
3.75% due 07/04/2013 ***		4,200,000		5,834,989
4.25% due 01/04/2014 ***		10,300,000		14,652,737
4.25% due 07/04/2014 ***		23,200,000		32,976,845
4.50% due 07/04/2009 ***		10,190,000		14,586,223
4.50% due 01/04/2013 ***		1,040,000		1,499,964
4.75% due 07/04/2034 ***		1,600,000		2,323,585
5.00% due 01/04/2012 ***		6,600,000		9,680,032
5.00% due 07/04/2012 ***		2,600,000		3,827,763
5.25% due 01/04/2011 ***		41,575,000		61,071,450
5.25% due 01/04/2008 ***		125,000		178,253
5.375% due 01/04/2010 ***		1,500,000		2,191,007
5.50% due 01/04/2031 ***		2,700,000		4,309,388
5.625% due 01/04/2028 ***		13,600,000		21,862,785
6.25% due 01/04/2024 ***		5,900,000		10,000,490
6.25% due 01/04/2030 ***		5,175,000		8,994,926
6.50% due 07/04/2027 ***		8,000,000		14,139,058
				210,661,222
Italy - 0.29%
Republic of Italy
4.25% due 08/01/2014 ***		1,800,000		2,546,827
4.25% due 11/01/2009 ***		140,000		199,627
5.50% due 11/01/2010 ***		560,000		825,150
				3,571,604
Japan - 15.04%
Government of Japan
0.50% due 06/20/2013 ***	JPY	130,000,000		1,082,364
0.80% due 12/10/2015 ***		470,470,000		3,970,639
1.00% due 06/10/2016 ***		1,474,410,000		12,569,288
1.10% due 03/21/2011 ***		360,000,000		3,134,990
1.10% due 12/10/2016 ***		2,689,200,000		23,128,804
1.20% due 03/10/2017 ***		289,710,000		2,508,821
1.20% due 06/10/2017 ***		5,250,920,000		45,311,905
1.50% due 09/20/2014 ***		660,000,000		5,787,014
1.50% due 03/20/2014 ***		480,000,000		4,215,129
1.50% due 03/20/2015 ***		1,700,000,000		14,855,971
1.50% due 03/20/2011 ***		1,380,000,000		12,180,378
1.60% due 06/20/2014 ***		70,000,000		618,152
1.60% due 09/20/2013 ***		400,000,000		3,540,738
2.30% due 06/20/2035 ***		3,410,000,000		29,017,860
2.30% due 05/20/2030 ***		165,000,000		1,440,000
2.40% due 03/20/2034 ***		450,000,000		3,922,898
2.50% due 09/20/2035 ***		800,000,000		7,099,175
2.50% due 06/20/2036 ***		1,370,000,000		12,118,102
				186,502,228
Netherlands - 0.29%
Kingdom of Netherlands
5.00% due 07/15/2011 ***	EUR	100,000		146,190
5.50% due 01/15/2028 ***		2,190,000		3,462,729
				3,608,919

The accompanying notes are an integral part of the financial statements. 

95

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Spain - 0.72%
Kingdom of Spain
4.20% due 07/30/2013 ***	EUR	100,000	$	141,645
4.75% due 07/30/2014 ***		600,000		877,802
5.15% due 07/30/2009 ***		2,910,000		4,214,393
6.15% due 01/31/2013 ***		2,420,000		3,743,542
				8,977,382
Sweden - 0.36%
Kingdom of Sweden
5.00% due 01/28/2009 ***	SEK	14,200,000		2,221,389
5.25% due 03/15/2011 ***		14,350,000		2,289,396
				4,510,785
United Kingdom - 3.69%
Government of United Kingdom
4.00% due 03/07/2009 ***	GBP	270,000		542,570
4.25% due 06/07/2032 ***		500,000		956,738
4.75% due 06/07/2010 ***		11,000,000		22,300,228
5.00% due 03/07/2012 ***		1,900,000		3,874,207
5.00% due 03/07/2008 ***		3,700,000		7,534,326
5.75% due 12/07/2009 ***		25,000		51,723
6.00% due 12/07/2028 ***		335,000		792,922
7.25% due 12/07/2007 ***		1,210,000		2,473,302
8.00% due 12/07/2015 ***		500,000		1,216,859
8.00% due 09/27/2013 ***		2,540,000		5,954,323
				45,697,198
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $528,418,363)			$	549,572,391
CORPORATE BONDS - 24.86%
British Virgin Islands - 0.09%
C10 Capital SPV, Ltd.
6.722% due 12/31/2049 (b)***	$	1,100,000		1,054,790
Canada - 2.95%
Alcan, Inc.
6.45% due 03/15/2011 ***		1,100,000		1,149,913
Canada Housing Trust
4.55% due 12/15/2012 ***	CAD	22,700,000		22,912,382
Canadian Natural Resources, Ltd.
6.70% due 07/15/2011 ***	$	1,100,000		1,151,786
DaimlerChrysler Canada Finance, Inc., Series MTN
4.85% due 03/30/2009 ***	CAD	1,100,000		1,100,574
Honda Canada Finance, Inc., Series EMTN
4.524% due 03/26/2012 (b)***		10,200,000		10,267,808
				36,582,463
Cayman Islands - 1.53%
Foundation Re II, Ltd.
12.27% due 11/26/2010 (b)***	$	600,000		613,200
Mizuho Finance, Ltd.
1.06% due 09/28/2049 (b)***	JPY	200,000,000		1,740,123
1.525% due 12/31/2049 (b)***		200,000,000		1,763,867
Mizuho Financial Group (Cayman), Ltd.
8.375% due 12/29/2049 ***	$	1,800,000		1,874,844

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cayman Islands (continued)
MUFG Capital Finance 2, Ltd.
4.85% due 12/31/2049 (b)***	EUR	2,900,000	$	3,626,400
Mystic Re, Ltd.
14.54125% due 12/05/2008 (b)***	$	500,000		508,500
Pylon, Ltd., Class B Catastrophe Bond
8.624% due 12/29/2008 (b)***	EUR	600,000		864,938
Residential Reinsurance 2005 Ltd., Series A
11.07125% due 06/06/2008 (b)***	$	500,000		491,045
Residential Reinsurance 2007 Ltd., Series CL5
13.37125% due 06/07/2010 (b)***		2,900,000		2,975,110
SMFG Preferred Capital
6.078% due 01/29/2049 (b)***		2,600,000		2,404,194
STB Finance Cayman, Ltd.
1.644% due 08/12/2049 (b)***	JPY	100,000,000		864,853
Transocean, Inc.
5.86875% due 09/05/2008 ***	$	1,300,000		1,297,640
				19,024,714
Denmark - 0.01%
Nykredit
6.00% due 10/01/2029 ***	DKK	257,321		50,259
Unikredit Realred
6.00% due 07/01/2029 ***		33,174		6,449
				56,708
France - 0.85%
Axa, SA
3.75% due 01/01/2017 ***	EUR	231,700		761,398
BNP Paribas, Series EMTN
5.25% due 01/23/2014 (b)***		125,000		178,127
Credit Agricole SA
5.555% due 05/28/2010 (b)***	$	5,300,000		5,303,413
6.637% due 12/31/2049 (b)***		2,900,000		2,724,631
France Telecom SA, Series REGS
6.75 due 03/14/2008 ***	EUR	250,000		358,023
7.5 due 03/14/2011 ***	GBP	405,000		863,327
GIE PSA Tresorerie
5.875% due 09/27/2011 ***	EUR	250,000		366,175
				10,555,094
Germany - 0.28%
Deutsche Bank AG
6.00% due 09/01/2017 ***	$	2,600,000		2,633,587
Kreditanstalt Fuer Wiederaufbau
5.00% due 07/04/2011 ***	EUR	250,000		363,458
Lbank Rheinland Pfalz Giro
4.75% due 04/04/2008 ***		330,000		469,576
				3,466,621
Iceland - 0.32%
Glitnir Banki HF
5.80% due 01/21/2011 (b)***	$	900,000		878,709
5.83% due 01/18/2012 (b)***		1,100,000		1,070,166
Kaupthing Bank HF
5.75% due 10/04/2011 ***		1,000,000		987,140
Landsbanki Islands HF
6.205% due 08/25/2009 (b)***		1,000,000		1,005,886
				3,941,901

The accompanying notes are an integral part of the financial statements. 

96

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Ireland - 0.12%
Bank of Ireland
6.45% due 02/10/2010 ***	EUR	1,000,000	$	1,466,072
Italy - 0.09%
Edison SpA, EMTN
5.125% due 12/10/2010 ***		210,000		299,475
Telecom Italia SpA, Series EMTN
6.25% due 02/01/2012 ***		580,000		857,247
				1,156,722
Japan - 0.79%
Bank of Tokyo-Mitsubishi UFJ, Ltd., Series EMTN
3.50% due 12/16/2015 (b)***		900,000		1,203,330
Mizuho Finance, Ltd.
1.668% due 04/27/2049 (b)***	JPY	100,000,000		876,335
Mizuho Trust & Banking Company
2.404% due 04/27/2009 ***		100,000,000		890,508
Resona Bank, Ltd.
5.85% due 09/29/2049 (b)***	$	2,700,000		2,539,326
Sumitomo Mitsui Banking Corp.
4.375% due 10/27/2014 (b)***	EUR	250,000		348,582
5.625% due 07/29/2049 (b)***	$	500,000		465,266
Sumitomo Mitsui Banking Corp., Series EMTN
1.266% due 12/31/2049 (b)***	JPY	100,000,000		872,646
1.62875% due 12/01/2049 (b)***		300,000,000		2,634,247
				9,830,240
Jersey Channel Islands - 0.04%
HSBC Capital Funding LP, Series REGS
8.03% due 12/29/2049 (b)***	EUR	350,000		550,453
Luxembourg - 0.32%
Telecom Italia Finance SA, EMTN
7.25 due 04/20/2011 ***		125,000		189,806
Unicredit Luxembourg Finance SA
5.41% due 10/24/2008 (b)***	$	400,000		400,172
VTB Capital SA
5.95625% due 08/01/2008 ***		3,400,000		3,366,000
				3,955,978
Netherlands - 0.25%
Deutsche Telekom International Finance BV
8.125% due 05/29/2012 ***	EUR	180,000		287,842
8.25% due 06/15/2030 ***	$	800,000		979,330
E.ON International Finance BV, Series EMTN
5.75% due 05/29/2009 ***	EUR	590,000		853,466
RWE Finance BV, Series EMTN
6.125% due 10/26/2012 ***		125,000		187,633
Siemens Financieringsmaatschappij NV
5.625% due 08/14/2009 (b)***	$	800,000		800,222
				3,108,493
Spain - 0.39%
Santander US Debt SA Unipersonal
5.2975% due 09/19/2008 (b)***		2,400,000		2,397,991
5.72875% due 11/20/2009 ***		2,500,000		2,490,225
				4,888,216

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Sweden - 0.06%
Spintab AB, Series 168
6.00% due 04/20/2009 ***	SEK	5,000,000	$	788,552
Tunisia - 0.16%
Banque Centrale de Tunisie
4.50% due 06/22/2020 ***	EUR	1,500,000		1,962,659
United Kingdom - 1.02%
Anglian Water Services Finance PLC, Series EMTN
4.625% due 10/07/2013 ***		250,000		351,650
AWG PLC
5.375% due 07/02/2009 ***		400,000		574,788
Cadbury Schweppes Investments PLC,
Series EMTN
4.25% due 06/30/2009 ***		675,000		952,023
HBOS PLC
5.92% due 09/29/2049 (b)***	$	2,800,000		2,533,191
HSBC Holdings PLC
6.50% due 05/02/2036 ***		3,100,000		3,132,066
Lloyds TSB Bank PLC
5.625% due 07/15/2049 (b)***	EUR	1,020,000		1,463,122
National Grid PLC, Series EMTN
4.98% due 06/22/2011 ***	CAD	2,000,000		1,979,541
NGG Finance PLC
6.125% due 08/23/2011 ***	EUR	250,000		369,417
Royal Bank of Scotland Group, PLC
7.091% due 10/29/2049 ***		500,000		733,009
Royal Bank of Scotland PLC, Series EMTN
4.875% due 03/26/2009 ***		125,000		178,420
Tate & Lyle International Finance PLC
5.00% due 11/15/2014 ***	$	400,000		375,337
				12,642,564
United States - 15.59%
ACE INA Holdings, Inc.
5.875% due 06/15/2014 ***		500,000		503,271
American Express Centurion Bank, Series BKNT
5.81875% due 05/07/2008 (b)***		2,400,000		2,395,918
American International Group, Inc.
5.21% due 06/23/2008 (b)***		3,400,000		3,400,622
American International Group, Inc., Series A3
4.875% due 03/15/2067 (b)***	EUR	1,700,000		2,236,848
Amgen, Inc.
5.585% due 11/28/2008 (b)***	$	2,900,000		2,902,691
Autozone, Inc.
5.875% due 10/15/2012 ***		800,000		813,984
Bank of America Corp., MTN
3.625% due 03/03/2008 ***	EUR	250,000		353,669
BellSouth Corp.
4.24% due 04/26/2008 (b)***	$	7,400,000		7,356,976
5.20% due 09/15/2014 ***		1,000,000		973,333
5.6575% due 08/15/2008 (b)***		2,300,000		2,297,831
Boston Scientific Corp.
6.00% due 06/15/2011 ***		800,000		768,000
6.40% due 06/15/2016 ***		1,600,000		1,460,000
Charter One Bank N.A., Series BKNT
5.41% due 04/24/2009 (b)***		7,000,000		6,954,486

The accompanying notes are an integral part of the financial statements. 

97

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
CIT Group, Inc., Series MTN
5.64% due 08/17/2009 (b)***	$	3,000,000	$	2,865,189
Citigroup Funding, Inc., Series MTN
5.13625% due 04/23/2009 (b)***		800,000		798,894
Citigroup, Inc.
5.22813% due 12/28/2009 (b)***		2,600,000		2,589,925
5.24% due 12/26/2008 (b)***		2,400,000		2,398,481
6.00% due 08/15/2017 ***		2,900,000		2,967,347
CNA Financial Corp.
6.00% due 08/15/2011 ***		1,600,000		1,617,494
ConocoPhillips Australia Funding Company
5.46% due 04/09/2009 (b)***		4,200,000		4,185,283
Consumers Energy Company
5.00% due 02/15/2012 ***		700,000		690,071
CVS Caremark Corp.
5.75% due 08/15/2011 ***		300,000		303,896
DaimlerChrysler N.A. Holding Corp.
4.875% due 06/15/2010 ***		300,000		296,596
DaimlerChrysler N.A. Holding Corp., Series MTN
5.75% due 09/08/2011 ***		400,000		403,720
Dominion Resources, Inc.
4.125% due 02/15/2008 ***		250,000		248,638
East Lane Re Ltd.
12.35625% due 05/06/2011 (b)***		700,000		699,924
Echostar DBS Corp.
5.75% due 10/01/2008 ***		300,000		300,000
Exelon Corp.
4.90% due 06/15/2015 ***		1,000,000		931,177
Ford Motor Credit Company
7.875% due 06/15/2010 ***		800,000		782,019
Fortis Bank SA, Series YCD
5.07375% due 04/28/2008 (b)***		2,400,000		2,400,691
General Electric Capital Corp.
4.625% due 09/15/2066 (b)***	EUR	100,000		132,698
6.625% due 02/04/2010 ***	NZD	250,000		182,610
General Electric Capital Corp., Series MTN
5.46% due 10/21/2010 (b)***	$	500,000		494,437
5.74375% due 12/12/2008 (b)***		1,300,000		1,297,500
General Motors Acceptance Corp.
7.00% due 02/01/2012 ***		1,500,000		1,424,050
8.00% due 11/01/2031 ***		1,300,000		1,275,407
GMAC LLC
6.00% due 12/15/2011 ***		1,500,000		1,384,469
6.8075% due 05/15/2009 (b)***		1,800,000		1,733,499
Goldman Sachs Group, Inc.
5.66% due 03/22/2016 (b)***		1,100,000		1,071,410
6.25% due 09/01/2017 ***		11,400,000		11,649,546
Health Care Property Investors, Inc., Series MTN
5.95% due 09/15/2011 ***		300,000		303,173
HSBC Finance Corp.
5.42% due 10/21/2009 (b)***		3,200,000		3,181,050
HSBC Finance Corp., Series MTN
5.6875% due 06/19/2009 (b)***		3,800,000		3,783,261
International Lease Finance Corp.
5.35% due 03/01/2012 ***		1,100,000		1,088,553

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
iStar Financial, Inc., REITS
5.97% due 03/03/2008 ***	$	1,200,000	$	1,190,453
Johnson Controls, Inc.
5.25% due 01/15/2011 ***		900,000		900,414
JP Morgan & Company, Inc., MTN Series A
5.341% due 02/15/2012 (b)***		360,000		371,592
JP Morgan Chase & Company, Series MTN
5.058% due 02/22/2021 (b)***	CAD	1,000,000		960,367
5.86875% due 05/07/2010 (b)***	$	5,800,000		5,787,211
JP Morgan Chase Bank NA, Series BKNT
6.00% due 10/01/2017 ***		2,300,000		2,322,296
JP Morgan Chase Capital XX, Series T
6.55% due 09/29/2036 ***		1,300,000		1,214,368
JP Morgan Chase Capital XXII, Series V
6.45% due 02/02/2037 ***		1,800,000		1,658,806
KFW International Finance, Inc.
1.75% due 03/23/2010 ***	JPY	185,000,000		1,635,683
5.75% due 01/15/2008 ***	$	5,500,000		5,511,583
Kinder Morgan Energy Partners LP, Series MTN
6.95% due 01/15/2038 ***		4,000,000		4,055,012
Kraft Foods, Inc.
6.25% due 06/01/2012 ***		1,200,000		1,238,940
Loews Corp.
5.25% due 03/15/2016 ***		400,000		384,679
Longpoint Re, Ltd.
10.94438% due 05/08/2010 (b)***		1,600,000		1,634,080
Marsh & McLennan Companies, Inc.
5.15% due 09/15/2010 ***		900,000		896,849
Masco Corp.
5.875% due 07/15/2012 ***		300,000		298,872
May Department Stores Company
4.80% due 07/15/2009 ***		300,000		298,039
Merrill Lynch & Company, Inc., Series MTN
5.40% due 10/23/2008 (b)***		2,000,000		1,994,134
5.665% due 08/14/2009 (b)***		400,000		397,273
6.05% due 08/15/2012 ***		3,400,000		3,486,085
Metropolitan Life Global Funding I, Series MTN
5.56% due 05/17/2010 (b)***		2,900,000		2,875,765
Mizuho JGB Investment LLC
9.87% due 12/29/2049 (b)***		560,000		574,734
Mizuho JGB Investment LLC, Series REGS
9.87% due 12/31/2049 (b)***		400,000		411,740
Morgan Stanley
5.84% due 10/15/2015 (b)***		2,100,000		2,032,493
6.25% due 08/28/2017 ***		500,000		510,599
Morgan Stanley, Series FMTN
5.41% due 05/07/2009 (b)***		2,800,000		2,777,370
Morgan Stanley, Series MTN
5.18875% due 11/21/2008 (b)***		300,000		298,520
News America Holdings, Inc.
6.75% due 01/09/2038 ***		125,000		130,880
Nisource Finance Corp.
5.40% due 07/15/2014 ***		400,000		388,776
Nordea Bank Finland NY, Series YCD
5.31% due 04/09/2009 ***		6,900,000		6,887,725

The accompanying notes are an integral part of the financial statements. 

98

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
Nordea Bank Finland PLC, Series YCD
5.6825% due 12/01/2008 (b)***	$	5,800,000	$	5,790,192
PLD International Finance LLC
4.375% due 04/13/2011 ***	EUR	350,000		488,632
Reynolds American, Inc.
6.39438% due 06/15/2011 (b)***	$	800,000		800,000
Royal Bank of Scotland
5.26% due 07/03/2008 ***		8,400,000		8,387,022
Ryder System, Inc., Series MTN
5.85% due 11/01/2016 ***		1,100,000		1,082,628
Sara Lee Corp.
6.25% due 09/15/2011 ***		800,000		826,347
SB Treasury Company LLC
9.40 due 12/29/2049 (b)***		2,370,000		2,424,439
SB Treasury Company LLC, Series REGS
9.40% due 12/29/2049 (b)***		1,100,000		1,136,398
Sealed Air Corp.
5.625% due 07/15/2013 ***		1,200,000		1,154,951
Shackleton Re Ltd.
13.3575% due 02/07/2008 (b)***		2,000,000		2,016,600
Sprint Capital Corp.
6.375% due 05/01/2009 ***		50,000		50,778
8.75% due 03/15/2032 ***		300,000		344,022
State Street Capital Trust IV
6.69438% due 06/15/2037 (b)***		2,300,000		2,081,495
Supervalu, Inc.
7.50% due 11/15/2014 ***		200,000		203,500
The Bear Stearns Companies, Inc., Series MTN
6.95% due 08/10/2012 ***		4,700,000		4,900,300
Time Warner, Inc.
5.73% due 11/13/2009 (b)***		2,400,000		2,371,793
Toyota Motor Credit Corp., Series MTNB
5.47% due 10/12/2007 (b)***		2,500,000		2,500,072
Unicreditio Italiano, Series YCD
5.35% due 05/06/2008 ***		5,100,000		5,094,706
Unicreditio Italiano, Series YCD
5.6213% due 12/03/2007 (b)***		2,200,000		2,200,770
5.70063% due 12/13/2007 (b)***		2,200,000		2,201,318
US Bancorp
5.1588% due 04/28/2009 (b)***		2,500,000		2,487,963
Viacom, Inc.
5.75% due 04/30/2011 ***		1,200,000		1,211,609
Wal-Mart Stores, Inc.
5.25% due 09/28/2035 ***	GBP	250,000		476,218
Wells Fargo & Company
3.50% due 04/04/2008 ***	$	250,000		247,478
Westpac Banking Corp., Series DPNT
5.7575% due 06/06/2008 (b)***		2,500,000		2,497,700
Xerox Corp.
9.75% due 01/15/2009 ***		1,200,000		1,260,347
				193,261,253
TOTAL CORPORATE BONDS (Cost $299,845,009)		$		308,293,493

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
MUNICIPAL BONDS - 0.41%
California - 0.02%
Los Angeles California Wastewater
Systems Revenue, Series A
5.00% due 06/01/2027 ***	$	200,000	$	207,896
Metropolitan Water District Southern California
Waterworks Revenue
5.00% due 10/01/2036 ***		45,000		46,337
				254,233
Illinois - 0.06%
City of Chicago, Illinois
4.75% due 01/01/2030		700,000		704,221
Iowa - 0.04%
Tobacco Settlement Authority of Iowa, Tobacco
Settlement Revenue, Series A
6.50% due 06/01/2023		575,000		546,998
Kentucky - 0.01%
Louisville & Jefferson Kentucky Sewer, Series A
5.00% due 05/15/2036		100,000		102,196
New York - 0.13%
New York City Municipal Finance Authority, Water
& Sewer System Revenue, Series D
4.75% due 06/15/2038		600,000		600,384
New York City Transitional Financial Authority
5.00% due 02/01/2028		285,000		294,516
Tobacco Settlement Financing Corp., Asset
Backed Series A-1-Callable
5.25% due 06/01/2013		700,000		706,384
				1,601,284
Puerto Rico - 0.01%
Puerto Rico Sales Tax Financing Corp.
zero coupon due 08/01/2054 ***		800,000		78,072
Texas - 0.14%
Dallas Texas Area Rapid Transit
5.00% due 12/01/2036 ***		1,500,000		1,540,965
Harris County Texas
5.00% due 08/01/2033 ***		200,000		202,474
				1,743,439
TOTAL MUNICIPAL BONDS (Cost $5,048,603)			$	5,030,443
COLLATERALIZED MORTGAGE
OBLIGATIONS - 12.08%
Cayman Islands - 0.00%
SHL Corp Ltd., Series 1999-1A, Class A2
1.695% due 12/25/2024 (b)***	JPY	2,767,660		24,071
Ireland - 0.09%
Emerald Mortgages PLC, Series 2, Class A
4.689% due 04/15/2028 (b)***	EUR	288,465		409,835
Lusitano Motgages PLC, Series 1, Class A
5.01% due 12/15/2035 (b)***		518,821		738,006
Paris Residential Funding PLC, Series 1X, Class A
4.609% due 07/25/2011 (b)***		6,012		8,545
				1,156,386

The accompanying notes are an integral part of the financial statements. 

99

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Italy - 0.59%
Seashell Securities PLC, Series 2001-II, Class A
4.529% due 07/25/2028 (b)***	EUR	533,960	$	758,033
Siena Mortgages, Series 2003-4, Class A2
4.96% due 12/16/2038 (b)***		4,671,561		6,585,526
				7,343,559
Netherlands - 0.39%
Arena BV, Series 2000-I, Class A
6.10% due 11/15/2062 (b)***		500,000		729,124
Atomium Mortgage Finance BV,
Series 2003-I, Class A
4.311% due 07/01/2034 (b)***		165,612		235,509
Delphinus BV, Series 2001-II, Class A1
5.001% due 11/28/2031 (b)***		354,473		503,489
Delphinus BV, Series 2002-I, Class A1
4.479% due 04/25/2092 (b)***		203,921		289,729
Delphinus BV, Series 2003-I, Class A1
2.41% due 04/25/2093 (b)***		500,000		710,452
Dutch MBS BV, Series X, Class B
4.452% due 10/02/2079 (b)***		908,094		1,288,783
Dutch MBS BV, Series XI, Class A1
4.50% due 11/02/2035 (b)***		200,205		284,259
Dutch Mortgage Portfolio Loans, B.V.,
Series III, Class A
4.824% due 11/20/2035 (b)***		255,380		361,823
Holland Euro-Denominated Mortgage
Backed Series, Series 2, Class A
4.485% due 04/18/2012 (b)***		291,947		414,614
				4,817,782
United Kingdom - 0.62%
Bauhaus Securities Ltd., Series 1, Class A2
4.565% due 10/30/2052 (b)***		546,566		777,107
Haus, Ltd., Series 2000-1A, Class A2
2.403% due 12/10/2037 (b)***		552,368		784,715
Permanent Financing PLC,
Series 2004-4, Class 5A2
7.0663% due 06/10/2042 (b)***	GBP	3,000,000		6,078,241
				7,640,063
United States - 10.39%
Adjustable Rate Mortgage Trust, Series 2005-5,
Class 2A1
5.13725% due 09/25/2035 (b)***	$	319,652		320,414
American Home Mortgage Investment Trust,
Series 2004-3, Class 5A
4.29% due 10/25/2034 (b)***		233,304		227,526
Banc of America Funding Corp., Series 2006-J,
Class 4A1
6.14463% due 01/20/2047 (b)***		448,951		449,992
Banc of America Mortgage Securities,
Series 2004-4, Class 1A9
5.00% due 05/25/2034 ***		557,646		547,441
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-7, Class 6A
4.65189% due 10/25/2033 (b)***		493,724		485,183

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-9, Class 2A1
4.48617% due 02/25/2034 (b)***	$	86,629	$	85,495
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-2, Class 22A
4.44421% due 05/25/2034 (b)***		996,535		981,558
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-2, Class 23A
4.6727% due 05/25/2034 (b)***		342,089		333,326
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-9, Class 22A1
4.77611% due 11/25/2034 (b)***		361,982		357,605
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A1
4.125% due 03/25/2035 (b)***		5,998,233		5,924,706
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A2
4.125% due 03/25/2035 (b)***		3,627,471		3,543,269
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-5, Class A1
4.55% due 08/25/2035 (b)***		4,915,341		4,867,261
Bear Stearns Alt-A Trust, Series 2005-7, Class 22A1
5.519552% due 09/25/2035 (b)***		2,346,768		2,343,256
Bear Stearns Alt-A Trust, Series 2006-1, Class 21A2
5.95443% due 02/25/2036 (b)***		3,916,411		3,932,173
Bear Stearns Structured Products, Inc., Series
2007-R6, Class 1A1
5.68792% due 01/26/2036 (b)***		4,200,000		4,177,664
Bear Stearns Structured Products, Inc., Series
2007-R7, Class A1
5.32% due 01/25/2037 (b)***		5,700,000		5,661,258
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A1
4.7475% due 08/25/2035 (b)***		2,008,375		1,987,205
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A2
4.2475% due 08/25/2035 (b)***		1,758,228		1,716,709
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2007-CD4, Class A4
5.322% due 12/11/2049 ***		5,600,000		5,483,610
Countrywide Alternative Loan Trust, Series
2007-OA7, Class A1A
5.31125% due 05/25/2047 (b)***		3,609,579		3,490,192
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-12, Class 11A1
6.20526% due 08/25/2034 (b)***		267,814		269,567
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-22, Class A3
4.79686% due 11/25/2034 (b)***		676,136		668,171
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB5, Class 2A1
4.854582% due 04/20/2035 (b)***		360,910		357,660
Countrywide Home Loans,
Series 2004-25, Class 1A1
5.4613% due 02/25/2035 (b)***		115,548		114,613

The accompanying notes are an integral part of the financial statements. 

100

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Countrywide Home Loans,
Series 2004-25, Class 2A1
5.4713% due 02/25/2035 (b)***	$	175,127	$	172,007
Countrywide Mortgage Backed Securities, Inc.,
Series 2004-7, Class 5A2
5.4013% due 05/25/2034 (b)***		87,940		87,887
Countrywide Mortgage Backed Securities, Inc.,
Series 2005-2, Class 2A1
5.4513% due 03/25/2035 (b)***		262,675		255,997
Credit Suisse First Boston Mortgage
Securities Corp., Series 2002-AR13, Class 3A
5.6393% due 05/25/2032 (b)***		14,880		14,828
Credit Suisse First Boston Mortgage
Securities Corp., Series 2003-8, Class 5A1
6.50% due 04/25/2033 ***		82,564		83,225
CS First Boston Mortgage Securities Corp., Series
2003-AR18, Class 2A3
4.1206% due 07/25/2033 (b)***		93,372		92,711
CS First Boston Mortgage Securities Corp., Series
2003-AR20, Class 2A1
4.037% due 08/25/2033 (b)***		1,510,920		1,502,022
CSAB Mortgage Backed Trust,
Series 2006-1, Class A1A
5.2313% due 06/25/2036 (b)***		427,267		426,468
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3336, Class GA
5.00% due 05/15/2027 ***		5,763,616		5,773,777
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3346, Class FA
5.9825% due 02/15/2019 (b)***		8,439,699		8,412,110
Federal Home Loan Mortgage Corp., Series 2752,
Class FM
5.44% due 12/15/2030 (b)***		410,858		411,058
Federal Home Loan Mortgage Corp.,
Series 2003-2581, Class QG
5.00% due 12/15/2031 ***		2,500,000		2,394,007
Federal Home Loan Mortgage Corp.,
Series 2005-2922, Class EH
4.50% due 07/15/2023 ***		3,967,023		3,826,606
Federal Home Loan Mortgage Corp.,
Series 2005-3037, Class BC
4.50% due 02/15/2020 ***		6,171,274		6,031,829
Federal Home Loan Mortgage Corp., Structured
Pass Through Securities, Series T-62, Class
1A1
6.18299% due 10/25/2044 (b)***		4,013,887		4,001,194
First Alliance Mortgage Loan,
Series 1997-4, Class A3
5.7263% due 12/20/2027 (b)***		33,790		33,379
First Horizon Asset Securities, Inc., Series
2003-AR2, Class 2A1
4.73472% due 07/25/2033 (b)***		213,386		211,853
First Horizon Asset Securities, Inc., Series
2003-AR4, Class 2A1
4.41133% due 12/25/2033 (b)***		548,699		543,366

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
First Horizon Asset Securities, Inc., Series
2005-AR3, Class 2A1
5.37108% due 08/25/2035 (b)***	$	331,623	$	329,686
First Republic Mortgage Loan Trust,
Series 2001-FRB1, Class A
6.1025% due 11/15/2031 (b)***		151,307		150,688
GMAC Mortgage Corp. Loan Trust, Series
2004-AR1, Class 22A
4.31867% due 06/25/2034 (b)***		81,022		79,763
GMAC Mortgage Corp. Loan Trust,
Series 2004-J4, Class A1
5.50% due 09/25/2034 ***		373,392		372,255
Greenpoint Mortgage Funding Trust, Series
2006-AR6, Class A1A
5.21125% due 10/25/2046 (b)***		4,024,647		3,998,202
Greenpoint Mortgage Pass-Through Certificates,
Series 2003-1, Class A1
4.3843% due 10/25/2033 (b)***		82,778		82,174
GS Mortgage Securities Corp., Series 2003-1,
Class A2
5.8313% due 01/25/2032 (b)***		160,177		160,870
GSR Mortgage Loan Trust, Series 2003-1, Class A2
4.603% due 03/25/2033 (b)***		443,261		434,773
Harborview Mortgage Loan Trust, Series 2003-1,
Class A
4.9283% due 05/19/2033 (b)***		906,015		906,715
Harborview Mortgage Loan Trust, Series 2005-4,
Class 3A1
5.14743% due 07/19/2035 (b)***		130,937		130,203
Indymac Index Mortgage Loan Trust, Series
2004-AR11, Class 2A
5.04849% due 12/25/2034 (b)***		196,924		195,799
JP Morgan Mortgage Trust, Series 2003-A2, Class
3A1
4.39045% due 11/25/2033 (b)***		444,488		437,384
JP Morgan Mortgage Trust, Series 2005-A1, Class
6T1
5.02266% due 02/25/2035 (b)***		987,500		956,335
JP Morgan Mortgage Trust,
Series 2007-A1, Class 5A5
4.771% due 07/25/2035 (b)***		5,379,853		5,321,165
Mastr Adjustable Rate Mortgages Trust, Series
2004-6, Class 4A4
4.13998% due 07/25/2034 (b)***		600,000		591,818
Mellon Residential Funding Corp., Series
2000-TBC3, Class A1
6.1925% due 12/15/2030 (b)***		154,212		152,666
Merrill Lynch Credit Corp. Mortgage Investors, Inc.,
Series 1999-A, Class A
6.1325% due 03/15/2025 (b)***		83,873		80,368
Merrill Lynch Mortgage Investors, Inc., Series
2003-A2, Class 1A1
4.835% due 02/25/2033 (b)***		1,107,938		1,117,161
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 1A
4.25% due 10/25/2035 (b)***		2,690,108		2,622,203

The accompanying notes are an integral part of the financial statements. 

101

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 4A
5.38125% due 11/25/2035 (b)***	$	2,899,166	$	2,803,344
Merrill Lynch Mortgage Investors, Inc., Series
2005-A10, Class A
5.34125% due 02/25/2036 (b)***		7,545,212		7,286,065
Merrill Lynch/Countrywide Commercial
Mortgage Trust, Series 2006-3, Class A4
5.414% due 07/12/2046 (b)***		2,400,000		2,377,549
Residential Funding Mortgage Securities I, Series
2005-SA4, Class 1A21
5.21595% due 09/25/2035 (b)***		294,531		293,657
Sequoia Mortgage Trust, Series 5, Class A
5.8525% due 10/19/2026 (b)***		105,821		104,732
Sequoia Mortgage Trust, Series 2003-4, Class 2A1
5.8463% due 07/20/2033 (b)***		442,176		437,695
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-1, Class 4A1
4.18% due 02/25/2034 (b)***		366,226		361,776
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-12, Class 7A1
5.21% due 09/25/2034 (b)***		1,540,854		1,527,367
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-4, Class 3A2
4.59% due 04/25/2034 (b)***		782,293		775,442
WaMu Mortgage Pass Through Certificates, Series
2003-AR5, Class A7
4.208% due 06/25/2033 (b)***		419,145		415,373
WaMu Mortgage Pass-Through Certificates, Series
2005-AR6, Class 2A1A
5.3613% due 04/25/2045 (b)***		272,000		266,682
Washington Mutual Mortgage Securities Corp.,
Series 2002-AR17, Class 1A
6.1833% due 11/25/2042 (b)***		1,206,584		1,210,935
Washington Mutual Mortgage Securities Corp.,
Series 2002-AR2, Class A
5.527% due 02/27/2034 (b)***		170,527		169,495
Washington Mutual Mortgage Securities Corp.,
Series 2005-AR15, Class A1A1
5.3913% due 11/25/2045 (b)***		462,560		455,065
Washington Mutual Mortgage Securities Corp.,
Series 2005-AR2, Class 2A1A
5.4413% due 01/25/2045 (b)***		142,803		140,255
Washington Mutual Mortgage Securities Corp.,
Series 2003-R1, Class A1
5.6713% due 12/25/2027 (b)***		426,174		426,134
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR11, Class 1A1
4.615% due 06/25/2035 (b)***		9,284,753		9,071,636
				128,843,608
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $146,698,203)			$	149,825,469

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES - 1.14%
United States - 1.14%
Amortizing Residential Collateral Trust,
Series 2002-BC4, Class A
5.4213% due 07/25/2032 (b)***	$	6,344	$	6,163
Amresco Residential Securities,
Series 1999-1, Class A
6.0713% due 06/25/2029 (b)***		27,650		27,283
Home Equity Asset Trust, Series 2002-1, Class A4
5.7313% due 11/25/2032 (b)***		1,283		1,224
Indymac Residential Asset Backed Trust, Series
2005-D, Class AII1
5.2313% due 03/25/2036 (b)***		8,960		8,958
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2006-CB17, Class A4
5.429% due 12/12/2043 ***		1,700,000		1,683,921
Residential Asset Mortgage Products, Inc.,
Series 2002-RS3, Class AII1
5.6913% due 06/25/2032 (b)***		21,467		21,194
Residential Asset Securities Corp.,
Series 2002-KS4, Class AIIB
5.6313% due 07/25/2032 (b)***		82,580		80,931
Residential Asset Securities Corp.,
Series 2005-KS12, Class A1
5.2213% due 01/25/2036 (b)***		10,330		10,327
Securitized Asset Backed Receivables LLC Trust,
Series 2007-NC1, Class A2A
5.18125% due 12/25/2036 (b)***		3,925,996		3,900,446
Structured Asset Mortgage Investments, Inc.,
Series 2004-AR3, Class 1A2
5.7925% due 07/19/2034 (b)***		212,818		211,981
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C28, Class A4
5.572% due 10/15/2048 (b)***		4,700,000		4,705,398
Wells Fargo Home Equity Trust,
Series 2005-2, Class AI1A
5.3613% due 10/25/2035 (b)***		2,017,173		1,992,220
Wells Fargo Home Equity Trust,
Series 2005-4, Class AII1
5.2513% due 12/25/2035 (b)***		1,500,578		1,491,126
				14,141,172
TOTAL ASSET BACKED SECURITIES
(Cost $14,225,439)			$	14,141,172
SUPRANATIONAL OBLIGATIONS - 0.20%
Japan - 0.07%
Inter-American Development Bank
1.90% due 07/08/2009 ***	JPY	100,000,000		883,050
United States - 0.13%
European Investment Bank
5.47% due 04/15/2008 (b)***	$	1,550,825		1,551,276
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $2,382,816)			$	2,434,326

The accompanying notes are an integral part of the financial statements. 

102

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
PREFERRED STOCKS - 0.76%
Cayman Islands - 0.22%
Mitsubishi UFJ Financial Group, Inc., Capital
Finance 1, Ltd. * (b)***		2,900,000	$	2,756,644
United States - 0.54%
DG Funding Trust * ***		236		2,529,625
Fresenius Medical Care Capital Trust * ***		1,100		1,102,750
Mizuho Preferred Capital Company, LLC * (b)***		1,900,000		1,935,378
Tokai Preferred Capital Company LLC,
Series REGS * (b)***		1,100,000		1,137,101
				6,704,854
TOTAL PREFERRED STOCKS (Cost $9,696,233)			$	9,461,498
TERM LOANS - 1.70%
Australia - 0.24%
Seven Media Group, Term T1
6.00% due 02/07/2013 ***	AUD	3,436,190		2,890,119
United States - 1.46%
Chrysler Financial
5.00% due 08/03/2012 ***	$	8,400,000		8,400,084
Ford Motor Company, Term B
8.36% due 11/29/2013 ***		992,500		965,310
Georgia Pacific Corp.
7.345% due 12/20/2012 (b)		1,970,000		1,936,343
HCA, Inc.
7.448% due 11/01/2013 (b)***		1,990,000		1,956,648
MGM Studios, Term B
8.61% due 04/08/2012 (b)***		994,962		954,547
Shackleton B Event Linked Loan
13.467% due 08/01/2008 (b)***		2,000,000		1,960,000
Shackleton C Event Linked Loan
12.967% due 08/01/2008 (b)***		2,000,000		1,960,000
				18,132,932
TOTAL TERM LOANS (Cost $20,669,569)			$	21,023,051
OPTIONS - 1.75%
Denmark - 0.11%
Over The Counter European Purchase Call Option
on the EUR vs. USD
Expiration 07/08/2010 at $1.392 *		12,000,000		859,256
Over The Counter European Style Put on the EUR
vs. USD
Expiration 07/08/2010 at $1.392 *		12,000,000		506,115
				1,365,371
France - 0.01%
EUREX American Put on Euro-Bund Futures
Expiration 11/23/2007 at $104.00 *		176,700,000		25,123
Germany - 0.00%
EUREX American Put on Euro-BOBL Futures
Expiration 11/23/2007 at $101.00 *		10,900,000		775
EUREX American Put on Euro-Bund Futures
Expiration 11/23/2007 at $106.00 *		5,700,000		810
EUREX American Put on Euro-Shatz Futures
Expiration 11/23/2007 at $101.40 *		150,000,000		10,664
				12,249

Global Bond Trust (continued)
	Shares or
	Principal
	Amount		Value
OPTIONS (continued)
United Kingdom - 0.00%
LIFFE American Purchase Put on UK 90-Day
Futures
Expiration 03/19/2008 at $93.00 *	405,000,000	$	10,321
United States - 1.63%
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 10 Yrs. Futures
Expiration 11/20/2007 at $126.00 *	3,196,000		49,938
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 2 Yrs. Futures
Expiration 11/20/2007 at $115.00 *	952,000		7,438
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 5 Yrs. Futures
Expiration 11/20/2007 at $121.00 *	180,000		2,813
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note Futures
Expiration 11/20/2007 at $126.00 *	990,000		15,469
Chicago Mercantile Exchange American Purchase
Put on Eurodollar
Expiration 12/17/2007 at $91.25 *	937,500		2,344
Expiration 06/16/2008 at $92.50 *	2,067,500		5,169
Expiration 03/17/2008 at $92.75 *	1,327,500		3,319
Expiration 03/17/2008 at $93.00 *	1,302,500		3,256
Over The Counter European Purchase Call on
FNMA TBA, 5.00%
Expiration 12/05/2007 at $102.4375 *	112,000,000		1
Over The Counter European Purchase Call Option
on the EUR vs. USD
Expiration 05/21/2008 at $1.3620 *	5,000,000		375,760
Expiration 05/21/2008 at $1.3550 *	8,200,000		663,477
Expiration 05/19/2010 at $1.3665 *	2,400,000		218,378
Expiration 05/21/2010 at $1.3750 *	2,300,000		197,758
Expiration 05/21/2010 at $1.3750 *	1,200,000		103,178
Expiration 06/03/2010 at $1.3750 *	4,200,000		368,583
Over The Counter European Purchase Call Option
on the USD vs. JPY
Expiration 03/17/2010 at $103.80 *	12,000,000		645,432
Expiration 01/18/2008 at $114.65 *	16,800,000		205,212
Expiration 02/13/2008 at $115.35 *	28,400,000		279,002
Expiration 12/05/2007 at $116.00 *	10,300,000		62,954
Expiration 01/18/2008 at $120.00 *	8,500,000		19,389
Over The Counter European Purchase Put on
FNMA TBA, 5.50%
Expiration 11/06/2007 at $86.00 *	20,000,000		0
Expiration 12/05/2007 at $86.00 *	21,000,000		0
Expiration 12/05/2007 at $86.9375 *	207,000,000		2
Over The Counter European Purchase Put on
FNMA TBA, 6.00%
Expiration 12/05/2007 at $89.546875 *	130,000,000		1
Over The Counter European Purchase Put Option
on the EUR vs. USD
Expiration 05/21/2008 at $1.3620 *	5,000,000		44,310
Expiration 05/21/2008 at $1.3550 *	8,200,000		64,543
Expiration 05/19/2010 at $1.3665 *	2,400,000		70,348
Expiration 05/21/2010 at $1.3750 *	2,300,000		72,986
Expiration 05/21/2010 at $1.3750 *	1,200,000		38,080
Expiration 06/03/2010 at $1.3750 *	4,200,000		120,637

The accompanying notes are an integral part of the financial statements. 

103

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
United States (continued)
Over The Counter European Purchase Put Option
on the USD vs. JPY
Expiration 03/17/2010 at $103.80 *		12,000,000	$	483,852
Expiration 01/18/2008 at $114.65 *		16,800,000		411,331
Expiration 02/13/2008 at $115.35 *		28,400,000		870,744
Over The Counter European Style Call on
USD-LIBOR Rate Swaption
Expiration 09/26/2008 at $4.75 *		67,000,000		584,260
Expiration 09/26/2008 at $4.75 *		31,000,000		395,173
Expiration 09/30/2008 at $4.75 *		30,100,000		262,481
Expiration 03/31/2008 at $4.75 *		394,400,000		3,066,302
Expiration 03/31/2008 at $4.75 *		147,400,000		1,163,586
Expiration 09/26/2008 at $4.75 *		37,400,000		326,139
Expiration 08/28/2009 at $5.00 *		56,200,000		588,566
Expiration 08/28/2009 at $5.00 *		110,100,000		1,153,044
Expiration 08/28/2009 at $5.00 *		24,500,000		256,581
Expiration 12/20/2007 at $5.00 *		81,700,000		742,833
Expiration 02/01/2008 at $5.00 *		190,700,000		1,890,218
Expiration 02/01/2008 at $5.00 *		20,700,000		205,178
Expiration 08/03/2009 at $5.30 *		315,800,000		4,191,740
				20,231,805
TOTAL OPTIONS (Cost $17,826,418)			$	21,644,869
SHORT TERM INVESTMENTS - 12.40%
Barclays Bank PLC NY
5.281% due 03/17/2008 ***	$	7,800,000	$	7,801,448
Kingdom of Belgium
zero coupon due 10/11/2007 to
11/15/2007 ***	EUR	72,300,000		102,238,961
Dexia Credit Local SA - Series YCD
5.27% due 09/29/2008 ***		6,700,000		6,697,406
Fortis Bank
5.14813% due 09/30/2008 (b)***	$	6,500,000		6,497,412
Government of France
zero coupon due 11/08/2007 ***	EUR	9,000,000		12,744,816
Societe Generale NY
5.27% due 03/26/2008 ***	$	11,100,000		11,098,407
U.S. Treasury Bills
zero coupon due 11/29/2007 to
12/13/2007 *** ****		6,715,000		6,663,931
TOTAL SHORT TERM INVESTMENTS
(Cost $149,254,727)			$	153,742,381
REPURCHASE AGREEMENTS - 0.90%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$11,148,808 on 10/01/2007,
collateralized by $11,620,000
Federal Home Loan Mortgage
Corp., 5.20% due 03/05/2019
(valued at $11,369,914, including
interest)	$	11,145,000	$	11,145,000
TOTAL REPURCHASE AGREEMENTS
(Cost $11,145,000)			$	11,145,000

Total Investments (Global Bond Trust)
(Cost $1,852,010,356) - 152.63%			$	1,892,463,849
Liabilities in Excess of Other Assets - (52.63)%				(652,529,013)
TOTAL NET ASSETS - 100.00%			$	1,239,934,836
Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
FEDERAL NATIONAL MORTGAGE
ASSOCIATION - 42.46%
Federal National Mortgage Association
5.00%, TBA **	$	109,262,568	$	104,588,243
TOTAL FEDERAL NATIONAL MORTGAGE
ASSOCIATION (Proceeds $105,537,333)			$	104,588,243
U.S. TREASURY BONDS - 2.43%
U.S. Treasury Bond
6.25%, due 05/15/2030		2,000,000	$	2,377,968
U.S. Treasury Bonds
4.50%, due 02/15/2036		3,800,000	$	3,603,764
TOTAL U.S. TREASURY
BONDS (Proceeds $6,092,997)			$	5,981,732
U.S. TREASURY NOTES - 55.11%
U.S. Treasury Notes
4.625%, due 07/31/2012		7,000,000	$	7,125,783
5.125%, due 05/15/2016		1,500,000	$	1,564,219
4.875%, due 08/15/2016		45,000,000	$	46,103,895
4.625%, due 11/15/2016		33,500,000	$	33,696,276
4.50%, due 05/15/2017		47,500,000	$	47,284,778
TOTAL U.S. TREASURY
NOTES (Proceeds $137,372,800)			$	135,774,951
Total Securities Sold Short
(Proceeds $249,003,130)			$	246,344,926
Global Real Estate Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.16%
Australia - 6.86%
Abacus Property Group		1,066,003	$	1,812,068
Aspen Group, Ltd.		1,102,203		2,732,339
Becton Property Group		379,107		1,550,668
Centro Properties Group, Ltd.		489,446		3,193,649
Centro Retail Group (a)		609,722		879,902
Charter Hall Group		951,832		2,435,416
FKP Property Group, Ltd. (a)		284,861		1,745,235
ING Industrial Fund (a)		162,067		406,065
Lend Lease Corp.		65,366		1,093,777
Macquarie Goodman Group, Ltd.		1,015,612		6,213,278
Macquarie Leisure Trust Group (a)		718,901		2,164,028
Mirvac Group, Ltd.		357,999		1,727,401
Stockland Company, Ltd.		277,250		2,209,169
Valad Property Group		1,497,011		2,650,757

The accompanying notes are an integral part of the financial statements. 

104

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Real Estate Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Westfield Group	286,041	$	5,495,446
			36,309,198
Austria - 0.35%
Conwert Immobilien Invest AG * (a)	100,000		1,842,652
Brazil - 0.76%
Iguatemi Empresa de Shopping Centers SA	146,000		2,180,468
JHSF Participacoes SA *	198,250		1,053,810
Multiplan Empreendimentos Imobiliarios SA *	61,700		768,396
			4,002,674
Canada - 1.24%
Boardwalk Real Estate Investment Trust	49,100		2,333,870
Brookfield Properties Corp. (a)	83,525		2,079,773
Morguard Real Estate Investment Trust	157,800		2,171,799
			6,585,442
China - 1.38%
Guangzhou R&F Properties Company, Ltd. -
H Shares	791,200		3,737,432
Shui On Land, Ltd. (a)	2,910,000		3,547,022
			7,284,454
Finland - 0.71%
Sponda OYJ	100,000		1,386,255
Technopolis Oyj	274,999		2,392,880
			3,779,135
France - 4.26%
Fonciere Des Regions	17,000		2,483,770
Icade	35,000		2,542,889
Orco Property Group (a)	5,000		753,838
Societe de la Tour Eiffel	12,000		2,103,695
Unibail-Rodamco * (a)	28,180		7,236,777
Unibail-Rodamco (a)	28,820		7,395,806
			22,516,775
Germany - 1.17%
Colonia Real Estate AG * (a)	50,000		1,930,093
IVG Immobilien AG (a)	85,000		3,159,096
Magnat Real Estate Opportunities GmbH &
Co. KGaA *	345,600		1,081,023
			6,170,212
Guernsey - 0.62%
Camper & Nicholsons Marina Investments, Ltd. *	1,290,000		1,827,750
Eurocastle Investment, Ltd. (a)	41,620		1,436,185
			3,263,935
Hong Kong - 9.36%
C C Land Holdings, Ltd.	532,000		753,226
China Aoyuan Property Group Ltd *	115,000		76,970
China Overseas Land & Investment, Ltd.	2,600,000		5,956,817
China Resources Land, Ltd.	2,053,000		4,275,514
Hang Lung Properties, Ltd. (a)	1,901,408		8,516,781
Kerry Properties, Ltd.	847,000		6,530,270
New World Development Company, Ltd.	3,071,000		8,537,967

Global Real Estate Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
Sun Hung Kai Properties, Ltd.	880,000	$	14,837,983
			49,485,528
Italy - 0.43%
Risanamento SpA * (a)	300,000		2,258,529
Japan - 14.30%
Aeon Mall Company, Ltd. (a)	154,000		4,701,165
Japan Real Estate Investment Corp., REIT (a)	248		2,976,518
Japan Retail Fund Investment Corp., REIT	172		1,495,912
Mitsubishi Estate Company, Ltd.	770,000		22,032,527
Mitsui Fudosan Company, Ltd.	670,000		18,588,450
Nippon Building Fund, Inc., REIT (a)	555		8,060,967
NTT Urban Development Corp.	800		1,655,940
Sumitomo Realty &
Development Company, Ltd. (a)	340,000		11,946,426
Tokyu Land Corp.	216,000		2,166,012
Urban Corp.	125,800		2,038,315
			75,662,232
Malaysia - 0.45%
IGB Corp., BHD	1,700,000		1,381,952
SP Setia BHD	270,000		697,285
Sunrise Berhad	302,000		310,198
			2,389,435
Netherlands - 0.21%
Eurocommercial Properties NV (a)	20,000		1,109,004
Norway - 0.52%
Norwegian Property ASA (a)	151,010		1,813,582
Scandinavian Property Development ASA *	128,960		953,088
			2,766,670
Philippines - 0.53%
Megaworld Corp.	36,530,200		2,788,256
Russia - 0.11%
Sistema Hals *	59,550		577,635
Singapore - 5.01%
Allgreen Properties, Ltd.	570,000		737,317
Ascendas India Trust *	1,833,000		1,827,690
Capitaland, Ltd. * (a)	1,228,000		6,742,707
CapitaMall Trust *	1,720,000		4,519,302
CDL Hospitality Trusts, REIT	1,150,040		1,782,047
City Developments, Ltd.	74,000		807,653
Hong Kong Land Holdings, Ltd. (a)	1,580,000		7,141,600
The Ascott Group, Ltd.	2,700,000		2,965,034
			26,523,350
South Africa - 0.58%
Growthpoint Properties, Ltd. (a)	800,000		1,881,765
Madison Property Fund Managers Holdings,
Ltd. *	800,000		1,208,793
			3,090,558
Sweden - 0.30%
Lennart Wallenstam Byggnads AB, Series B	76,540		1,572,052

The accompanying notes are an integral part of the financial statements. 

105

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Real Estate Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom - 10.40%
Aseana Properties, Ltd. *	1,025,000	$	963,500
Big Yellow Group PLC	365,000		3,718,674
British Land Company PLC	280,000		6,690,030
Dawnay Day Sirius, Ltd. *	1,046,860		1,369,351
Derwent Valley Holdings PLC	125,000		4,270,969
Equest Balkan Properties PLC	696,104		1,234,627
Great Portland Estates PLC	280,000		3,410,659
Hammerson PLC	215,000		5,136,987
Helical Bar PLC	47,765		444,765
Hirco PLC *	250,000		1,878,105
Land Securities Group PLC	297,000		10,184,151
Mapeley Ltd	15,000		645,232
Mucklow A & J Group PLC *	50,000		320,068
North Real Estate Opportunities Fund, Ltd. *	600,000		853,080
Northern European Properties, Ltd.	846,300		986,681
Safestore Holdings, Ltd.	528,830		1,986,397
Segro PLC, REIT	270,000		2,749,423
South African Property Opportunities PLC *	1,250,000		2,841,367
Speymill Deutsche Immobilien Co. PLC *	1,310,000		1,726,388
Terrace Hill Group PLC	1,087,724		1,929,214
Unite Group PLC	225,000		1,657,039
			54,996,707
United States - 39.61%
AMB Property Corp., REIT	76,850		4,596,398
Apartment Investment & Management
Company, Class A, REIT	141,420		6,382,285
Archstone-Smith Trust, REIT	71,600		4,306,024
Avalon Bay Communities, Inc., REIT	95,600		11,286,536
BioMed Realty Trust, Inc., REIT	62,560		1,507,696
Boston Properties, Inc., REIT	62,200		6,462,580
BRE Properties, Inc., Class A, REIT	90,750		5,075,647
Digital Realty Trust, Inc., REIT	63,020		2,482,358
Douglas Emmett, Inc., REIT	129,650		3,206,245
Equity Lifestyle Properties, Inc., REIT	81,090		4,200,462
Essex Property Trust, Inc., REIT	41,110		4,833,303
Federal Realty Investment Trust, REIT	85,950		7,615,170
FelCor Lodging Trust, Inc., REIT	148,930		2,968,175
General Growth Properties, Inc., REIT	243,600		13,061,832
Host Hotels & Resorts, Inc., REIT	520,330		11,676,205
LaSalle Hotel Properties, REIT	96,100		4,043,888
LTC Properties, Inc., REIT	39,680		939,226
Mack-California Realty Corp., REIT	17,650		725,415
Nationwide Health Properties, Inc., REIT	95,950		2,890,973
Parkway Properties, Inc., REIT	33,700		1,487,518
Post Properties, Inc., REIT (a)	62,250		2,409,075
ProLogis, REIT	187,930		12,469,155
Public Storage, Inc., REIT (a)	92,910		7,307,371
Regency Centers Corp., REIT	122,090		9,370,408
Saul Centers, Inc., REIT	24,850		1,279,775
Senior Housing Properties Trust, REIT	103,900		2,292,034
Simon Property Group, Inc., REIT	210,180		21,018,000
SL Green Realty Corp., REIT	124,800		14,572,896

Global Real Estate Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United States (continued)
Starwood Hotels & Resorts Worldwide, Inc.		58,939	$	3,580,544
Tanger Factory Outlet Centers, Inc., REIT		114,400		4,643,496
Taubman Centers, Inc., REIT		36,950		2,023,013
The Macerich Company, REIT		70,460		6,170,887
Ventas, Inc., REIT		134,350		5,562,090
Vornado Realty Trust, REIT		156,221		17,082,766
				209,529,446
TOTAL COMMON STOCKS (Cost $480,404,111)			$	524,503,879
WARRANTS - 0.03%
Hong Kong - 0.03%
China Overseas Land & Investment, Ltd.
(Expiration Date: 08/27/2008, Strike
Price: HKD 12.50)		216,666		146,131
TOTAL WARRANTS (Cost $0)			$	146,131
CONVERTIBLE BONDS - 0.05%
Germany - 0.05%
Colonia Real Estate AG, Series COLO
1.875% due 12/07/2011	EUR	185,500		237,901
TOTAL CONVERTIBLE BONDS (Cost $247,206)			$	237,901
SHORT TERM INVESTMENTS - 9.08%
John Hancock Cash Investment Trust (c)	$	48,021,810	$	48,021,810
TOTAL SHORT TERM INVESTMENTS
(Cost $48,021,810)			$	48,021,810
REPURCHASE AGREEMENTS - 0.66%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$3,488,191 on 10/01/2007,
collateralized by $3,095,000
Federal National Mortgage
Association, 6.25% due
05/15/2029 (valued at $3,559,250,
including interest)	$	3,487,000	$	3,487,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,487,000)			$	3,487,000
Total Investments (Global Real Estate Trust)
(Cost $532,160,127) - 108.98%			$	576,396,721
Liabilities in Excess of Other Assets - (8.98)%				(47,472,997)
TOTAL NET ASSETS - 100.00%			$	528,923,724

The accompanying notes are an integral part of the financial statements. 

106

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

The portfolio had the following five top industry concentrations as of September 30, 2007 (as a percentage of total net assets):

Real Estate	93.96%
Building Materials & Construction	1.76%
Financial Services	0.98%
Investment Companies	0.93%
Hotels & Restaurants	0.68%

Global Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 89.35%
Austria - 0.93%
Telekom Austria AG	244,150	$	6,369,879
Bermuda - 2.72%
Accenture, Ltd., Class A	110,000		4,427,500
Covidien, Ltd.	120,000		4,980,000
Tyco Electronics, Ltd.	200,000		7,086,000
Willis Group Holdings, Ltd.	52,180		2,136,249
			18,629,749
Cayman Islands - 2.30%
ACE, Ltd.	70,045		4,242,626
Seagate Technology	450,000		11,511,000
			15,753,626
Finland - 0.83%
UPM-Kymmene Oyj	234,340		5,650,809
France - 6.67%
France Telecom SA (a)	260,000		8,683,499
PSA Peugeot Citroen SA (a)	60,000		4,937,625
Sanofi-Aventis SA	145,000		12,241,837
Total SA	130,000		10,539,232
Vivendi SA (a)	220,000		9,258,759
			45,660,952
Germany - 6.33%
Bayerische Motoren Werke (BMW) AG (a)	160,000		10,289,279
Deutsche Post AG	275,000		7,976,296
Infineon Technologies AG * (a)	277,870		4,776,462
Muenchener Rueckversicherungs-
Gesellschaft AG	20,000		3,832,319
Siemens AG	120,000		16,450,790
			43,325,146
Hong Kong - 0.60%
Cheung Kong Holdings, Ltd.	250,000		4,118,802
Italy - 4.63%
Eni SpA	140,000		5,173,360
Intesa Sanpaolo SpA (a)	1,550,000		11,933,519
Mediaset SpA (a)	300,000		3,088,149
UniCredito Italiano SpA (a)	1,350,000		11,516,577
			31,711,605
Japan - 5.32%
Ebara Corp. (a)	900,000		4,156,375
Hitachi, Ltd. (a)	418,000		2,781,092

Global Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Konica Minolta Holdings, Inc.	116,500	$	1,972,739
Mitsubishi UFJ Financial Group, Inc. (a)	1,750,000		16,651,417
Nomura Holdings, Inc. (a)	220,000		3,685,163
Sumitomo Mitsui Financial Group, Inc. (a)	922		7,176,813
			36,423,599
Netherlands - 4.98%
ING Groep NV (a)	280,000		12,392,974
Koninklijke (Royal) Philips Electronics NV (a)	185,000		8,324,992
Reed Elsevier NV (a)	500,000		9,469,185
Royal Dutch Shell PLC, A Shares (a)	96,057		3,955,178
			34,142,329
Russia - 0.48%
Gazprom OAO, SADR	75,000		3,307,500
Singapore - 0.67%
Singapore Telecommunications, Ltd. (a)	1,699,100		4,601,753
South Korea - 3.56%
Hana Financial Group, Inc.	74,999		3,536,258
Hyundai Motor Company, Ltd. (a)	50,000		4,037,589
Kookmin Bank, SADR	65,000		5,329,350
KT Corp.	41,420		2,079,713
Samsung Electronics Company, Ltd.	15,000		9,424,685
			24,407,595
Sweden - 0.65%
Svenska Cellulosa AB, ADR	240,000		4,456,799
Switzerland - 2.26%
Novartis AG	160,000		8,806,270
UBS AG	125,000		6,703,217
			15,509,487
Taiwan - 0.69%
Lite-On Technology Corp.	1,649,286		2,577,404
Taiwan Semiconductor
Manufacturing Company, Ltd.	1,093,506		2,131,055
			4,708,459
United Kingdom - 14.78%
Aviva PLC	660,000		9,902,940
BP PLC	800,000		9,255,465
British Energy Group PLC	50,460		549,841
British Sky Broadcasting Group PLC	582,516		8,253,441
Compass Group PLC	674,830		4,154,739
GlaxoSmithKline PLC	400,000		10,576,509
HSBC Holdings PLC (a)	550,000		10,066,609
Kingfisher PLC	1,150,000		4,191,869
Old Mutual PLC (a)	1,500,000		4,901,931
Pearson PLC	400,000		6,177,106
Royal Bank of Scotland Group PLC	450,000		4,816,308
Royal Dutch Shell PLC, B Shares	200,000		8,203,522
Standard Life PLC	700,000		4,117,051
Vodafone Group PLC	3,000,000		10,794,645
Yell Group PLC	600,000		5,247,482
			101,209,458

The accompanying notes are an integral part of the financial statements. 

107

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Global Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United States - 30.95%
American International Group, Inc.		180,000	$	12,177,000
Amgen, Inc. *		240,000		13,576,800
Boston Scientific Corp. *		600,000		8,370,000
Cadence Design Systems, Inc. *		192,596		4,273,705
Chico's FAS, Inc. *		240,000		3,372,000
Comcast Corp., Special Class A *		300,000		7,188,000
Eastman Kodak Company (a)		200,000		5,352,000
El Paso Corp.		300,000		5,091,000
Expedia, Inc. *		110,000		3,506,800
General Electric Company		300,000		12,420,000
Harley-Davidson, Inc.		100,000		4,621,000
Interpublic Group of Companies, Inc. *		450,000		4,671,000
Merck & Company, Inc.		92,610		4,787,011
Microsoft Corp.		600,000		17,676,000
News Corp., Class A		650,000		14,293,500
Oracle Corp. *		600,000		12,990,000
Pfizer, Inc.		550,000		13,436,500
Pitney Bowes, Inc.		80,000		3,633,600
Quest Diagnostics, Inc.		110,000		6,354,700
Sprint Nextel Corp.		630,000		11,970,000
Tenet Healthcare Corp. *		648,944		2,180,452
Time Warner, Inc.		750,000		13,770,000
Torchmark Corp.		68,900		4,293,848
Tyco International, Ltd.		100,000		4,434,000
United Parcel Service, Inc., Class B		130,000		9,763,000
Viacom, Inc., Class B *		200,000		7,794,000
				211,995,916
TOTAL COMMON STOCKS (Cost $568,448,271)			$	611,983,463
SHORT TERM INVESTMENTS - 30.92%
John Hancock Cash Investment Trust (c)	$	141,878,651	$	141,878,651
Paribas Corp. Time Deposit
5.15% due 10/01/2007		69,930,000		69,930,000
TOTAL SHORT TERM INVESTMENTS
(Cost $211,808,651)			$	211,808,651
REPURCHASE AGREEMENTS - 0.01%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$67,023 on 10/01/2007,
collateralized by $70,000 Federal
Home Loan Bank, 5.375% due
03/09/2009 (valued at $70,175,
including interest)	$	67,000	$	67,000
TOTAL REPURCHASE AGREEMENTS
(Cost $67,000)			$	67,000
Total Investments (Global Trust)
(Cost $780,323,922) - 120.28%			$	823,859,114
Liabilities in Excess of Other Assets - (20.28)%				(138,929,011)
TOTAL NET ASSETS - 100.00%			$	684,930,103

The portfolio had the following five top industry concentrations as of September 30, 2007 (as a percentage of total net assets):

Banking	9.85%
Insurance	8.47%
Pharmaceuticals	5.99%
Telecommunications Equipment & Services	4.75%
International Oil	4.55%

Growth & Income Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.72%
Aerospace - 3.11%
Boeing Company	450,900	$	47,339,991
Raytheon Company	268,800		17,154,816
			64,494,807
Agriculture - 1.16%
Archer-Daniels-Midland Company	359,500		11,892,260
Monsanto Company	141,000		12,089,340
			23,981,600
Apparel & Textiles - 0.85%
Polo Ralph Lauren Corp., Class A	227,000		17,649,250
Banking - 3.00%
Bank of America Corp.	523,400		26,311,318
Wachovia Corp.	716,800		35,947,520
			62,258,838
Broadcasting - 3.33%
Liberty Global, Inc., Class A * (a)	284,600		11,674,292
Liberty Media Corp. - Capital, Series A *	127,000		15,853,410
News Corp., Class A	1,887,500		41,506,125
			69,033,827
Building Materials & Construction - 0.27%
American Standard Companies, Inc.	155,800		5,549,596
Business Services - 1.57%
Accenture, Ltd., Class A	345,800		13,918,450
NCR Corp. *	247,800		12,340,440
Robert Half International, Inc.	207,500		6,195,950
			32,454,840
Cable & Television - 0.58%
DIRECTV Group, Inc. *	492,400		11,955,472
Cellular Communications - 0.50%
NII Holdings, Inc. *	125,400		10,301,610
Chemicals - 1.20%
Dow Chemical Company	578,700		24,918,822
Colleges & Universities - 0.42%
ITT Educational Services, Inc. *	70,700		8,603,483
Computers & Business Equipment - 5.03%
Apple, Inc. *	118,300		18,163,782
Hewlett-Packard Company	586,600		29,206,814
International Business Machines Corp.	482,600		56,850,280
			104,220,876

The accompanying notes are an integral part of the financial statements. 

108

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Growth & Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cosmetics & Toiletries - 0.71%
Procter & Gamble Company	210,500	$	14,806,570
Crude Petroleum & Natural Gas - 3.05%
Devon Energy Corp.	170,700		14,202,240
EOG Resources, Inc.	113,600		8,216,688
Occidental Petroleum Corp.	638,100		40,889,448
			63,308,376
Electrical Utilities - 2.87%
Constellation Energy Group	306,600		26,303,214
Edison International	118,800		6,587,460
Mirant Corp. *	206,200		8,388,216
Public Service Enterprise Group, Inc.	206,800		18,196,332
			59,475,222
Electronics - 0.45%
Agilent Technologies, Inc. *	86,000		3,171,680
Arrow Electronics, Inc. *	147,200		6,258,944
			9,430,624
Financial Services - 10.00%
American Express Company	277,200		16,457,364
Ameriprise Financial, Inc.	139,300		8,791,223
Citigroup, Inc.	1,281,800		59,821,606
Federal Home Loan Mortgage Corp.	299,700		17,685,297
Federal National Mortgage Association	96,200		5,849,922
Goldman Sachs Group, Inc.	101,300		21,955,762
JP Morgan Chase & Company	1,193,400		54,681,588
Merrill Lynch & Company, Inc.	94,600		6,743,088
Morgan Stanley	242,100		15,252,300
			207,238,150
Food & Beverages - 1.20%
PepsiCo, Inc.	339,900		24,901,074
Gas & Pipeline Utilities - 0.50%
Global Industries, Ltd. *	398,700		10,270,512
Healthcare Products - 0.92%
Baxter International, Inc.	101,700		5,723,676
Medtronic, Inc.	235,300		13,273,273
			18,996,949
Healthcare Services - 3.98%
HLTH Corp. * (a)	288,800		4,092,296
Humana, Inc. *	480,100		33,549,388
McKesson Corp.	517,700		30,435,583
WellCare Health Plans, Inc. *	135,800		14,317,394
			82,394,661
Holdings Companies/Conglomerates - 3.06%
General Electric Company	1,533,300		63,478,620
Household Appliances - 0.23%
Whirlpool Corp.	53,200		4,740,120
Household Products - 0.66%
Jarden Corp. *	172,900		5,349,526
Newell Rubbermaid, Inc.	287,000		8,271,340
			13,620,866

Growth & Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial Machinery - 4.00%
AGCO Corp. * (a)	556,400	$	28,248,428
Caterpillar, Inc.	420,500		32,979,815
Cummins, Inc.	169,200		21,638,988
			82,867,231
Insurance - 6.46%
ACE, Ltd.	165,000		9,994,050
Aetna, Inc.	336,900		18,283,563
Axis Capital Holdings, Ltd.	372,500		14,493,975
CIGNA Corp.	605,400		32,261,766
Everest Re Group, Ltd.	122,000		13,449,280
Hartford Financial Services Group, Inc.	418,000		38,685,900
MetLife, Inc.	95,000		6,624,350
			133,792,884
International Oil - 5.48%
Exxon Mobil Corp.	1,122,100		103,861,576
Royal Dutch Shell PLC, ADR	119,400		9,812,292
			113,673,868
Internet Software - 1.51%
Check Point Software Technologies, Ltd. *	704,200		17,731,756
Symantec Corp. *	704,000		13,643,520
			31,375,276
Investment Companies - 0.91%
iShares Russell 1000 Index Fund	228,600		18,960,084
Leisure Time - 1.14%
Royal Caribbean Cruises, Ltd.	483,000		18,851,490
Walt Disney Company	138,000		4,745,820
			23,597,310
Metal & Metal Products - 0.50%
Reliance Steel & Aluminum Company	184,600		10,437,284
Mining - 1.12%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	220,500		23,128,245
Paper - 0.26%
Plum Creek Timber Company, Inc.	121,500		5,438,340
Petroleum Services - 3.36%
Diamond Offshore Drilling, Inc.	141,000		15,973,890
Halliburton Company	891,800		34,245,120
Tesoro Corp.	217,000		9,986,340
Valero Energy Corp.	141,900		9,532,842
			69,738,192
Pharmaceuticals - 5.76%
AmerisourceBergen Corp.	470,400		21,323,232
Bristol-Myers Squibb Company	750,100		21,617,882
Merck & Company, Inc.	350,000		18,091,500
Mylan Laboratories, Inc.	225,300		3,595,788
Pfizer, Inc.	572,100		13,976,403
Schering-Plough Corp.	1,289,900		40,799,537
			119,404,342

The accompanying notes are an integral part of the financial statements. 

109

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Growth & Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Real Estate - 0.46%
Boston Properties, Inc., REIT		28,500	$	2,961,150
Simon Property Group, Inc., REIT		34,700		3,470,000
Vornado Realty Trust, REIT		27,500		3,007,125
				9,438,275
Retail Trade - 4.08%
Gap, Inc.		841,000		15,508,040
J.C. Penney Company, Inc.		393,300		24,923,421
Kohl's Corp. *		176,000		10,090,080
NBTY, Inc. *		182,100		7,393,260
RadioShack Corp.		388,800		8,032,608
Target Corp.		294,200		18,702,294
				84,649,703
Semiconductors - 3.13%
Applied Materials, Inc.		370,000		7,659,000
Broadcom Corp., Class A *		241,900		8,814,836
Emulex Corp. *		374,000		7,169,580
Intel Corp.		562,800		14,554,008
Teradyne, Inc. *		1,030,800		14,225,040
Xilinx, Inc.		472,900		12,361,606
				64,784,070
Software - 3.46%
Compuware Corp. *		1,751,100		14,043,822
Microsoft Corp.		1,329,200		39,158,232
Novell, Inc. *		2,424,200		18,520,888
				71,722,942
Telecommunications Equipment &
Services - 3.68%
CommScope, Inc. *		190,200		9,555,648
Embarq Corp.		265,100		14,739,560
Nokia Oyj, SADR		948,800		35,987,984
Verizon Communications, Inc.		360,200		15,949,656
				76,232,848
Telephone - 1.60%
AT&T, Inc.		786,000		33,255,660
Tobacco - 2.52%
Altria Group, Inc.		497,700		34,605,081
Loews Corp. - Carolina Group		213,300		17,539,659
				52,144,740
Transportation - 0.39%
C.H. Robinson Worldwide, Inc.		148,700		8,072,923
Trucking & Freight - 1.25%
United Parcel Service, Inc., Class B		346,300		26,007,130
TOTAL COMMON STOCKS (Cost $1,825,976,929)			$	2,066,806,112
SHORT TERM INVESTMENTS - 0.52%
John Hancock Cash Investment Trust (c)	$	10,809,677	$	10,809,677
TOTAL SHORT TERM INVESTMENTS
(Cost $10,809,677)			$	10,809,677

Growth & Income Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.24%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$4,862,661 on 10/01/2007,
collateralized by $4,905,000
Federal National Mortgage
Association, 5.625% due
08/21/2012 (valued at $4,960,181,
including interest)	$	4,861,000	$	4,861,000
TOTAL REPURCHASE AGREEMENTS
(Cost $4,861,000)			$	4,861,000
Total Investments (Growth & Income Trust)
(Cost $1,841,647,606) - 100.48%			$	2,082,476,789
Liabilities in Excess of Other Assets - (0.48)%				(9,946,331)
TOTAL NET ASSETS - 100.00%			$	2,072,530,458
Health Sciences Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 100.50%
Agriculture - 1.14%
Monsanto Company		33,400	$	2,863,716
Biotechnology - 12.90%
Advanced Life Sciences Holdings, Inc. *		37,800		67,662
Affymetrix, Inc. *		12,200		309,514
Amgen, Inc. *		50,500		2,856,785
Basilea Pharmaceutica AG *		2,891		657,524
BioMimetic Therapeutics, Inc. *		21,600		288,144
Biosphere Medical, Inc. *		49,224		234,799
Cardiome Pharma, Corp. *		43,100		406,864
Cephalon, Inc. *		71,000		5,187,260
Charles River Laboratories International, Inc. *		9,200		516,580
Combinatorx, Inc. *		57,900		357,822
Cougar Biotechnology, Inc. *		78,516		2,002,158
deCODE genetics, Inc. *		138,800		481,636
Dyadic International, Inc. *		42,100		200,817
Exelixis, Inc. *		94,100		996,519
Genentech, Inc. *		76,400		5,960,728
GlaxoSmithkline Pharmaceuticals, Ltd.		26,700		750,643
Human Genome Sciences, Inc. *		46,100		474,369
Illumina, Inc. *		21,400		1,110,232
Immucor, Inc. *		37,175		1,329,006
Invitrogen Corp. *		8,600		702,878
Martek Biosciences Corp. *		33,600		975,408
Medarex, Inc. *		18,300		259,128
MGI Pharma, Inc. *		117,600		3,266,928
Millipore Corp. *		8,000		606,400
Myriad Genetics, Inc. *		12,300		641,445
Neurocrine Biosciences, Inc. *		103,600		1,036,000
Panacos Pharmaceuticals, Inc. *		33,900		54,240

The accompanying notes are an integral part of the financial statements. 

110

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Biotechnology (continued)
Progenics Pharmaceuticals, Inc. *	6,200	$	137,082
Tercica, Inc. *	79,700		494,140
			32,362,711
Chemicals - 0.96%
Bayer AG	12,400		984,124
Lonza Group AG	768		83,554
UCB SA	22,647		1,332,415
			2,400,093
Drugs & Health Care - 7.34%
Acadia Pharmaceuticals, Inc. *	85,600		1,288,280
BioMarin Pharmaceutical, Inc. *	110,700		2,756,430
Cell Genesys, Inc. *	48,700		186,034
Chugai Pharmaceutical Company, Ltd.	94,500		1,559,110
CV Therapeutics, Inc. *	39,100		351,118
Essilor International SA	13,546		847,427
ImClone Systems, Inc. *	28,100		1,161,654
Matria Healthcare, Inc. *	78,100		2,043,096
Maxygen, Inc. *	32,800		223,368
Phonak Holding AG	5,500		550,306
Qiagen NV *	55,400		1,075,314
Seattle Genetics, Inc. *	64,000		719,360
Wyeth	67,568		3,010,155
XenoPort, Inc. *	56,000		2,634,800
			18,406,452
Healthcare Products - 16.40%
Alcon, Inc.	17,300		2,489,816
Animal Health International, Inc. *	18,500		205,905
Baxter International, Inc.	43,100		2,425,668
Becton, Dickinson & Company	12,300		1,009,215
Boston Scientific Corp. *	72,000		1,004,400
Bruker BioSciences Corp. *	18,800		165,440
C.R. Bard, Inc.	16,600		1,463,954
Cerus Corp. *	62,500		545,625
Conceptus, Inc. *	118,800		2,254,824
Covidien, Ltd. *	27,525		1,142,288
Cytyc Corp. *	15,400		733,810
DENTSPLY International, Inc.	11,500		478,860
Edwards Lifesciences Corp. *	21,200		1,045,372
Gen-Probe, Inc. *	30,400		2,024,032
Henry Schein, Inc. *	55,000		3,346,200
Hologic, Inc. *	3,100		189,100
Home Diagnostics, Inc. *	30,100		288,358
IDEXX Laboratories, Inc. *	6,800		745,212
Intuitive Surgical, Inc. *	7,500		1,725,000
Johnson & Johnson	15,700		1,031,490
Masimo Corp. *	8,400		215,544
Medtronic, Inc.	33,300		1,878,453
Micrus Endovascular Corp. *	23,400		427,518
Nobel Biocare Holding AG, Series BR	4,534		1,224,434
ResMed, Inc. *	43,300		1,856,271
Respironics, Inc. *	9,800		470,694

Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Sorin SpA *	140,000	$	289,621
St. Jude Medical, Inc. *	69,900		3,080,493
Stereotaxis, Inc. *	95,600		1,318,324
Stryker Corp.	20,500		1,409,580
The Medicines Company *	143,700		2,559,297
TomoTherapy, Inc. *	22,100		513,383
Transition Therapeutics, Inc. *	5,977		79,441
Zimmer Holdings, Inc. *	18,300		1,482,117
			41,119,739
Healthcare Services - 13.60%
AMERIGROUP Corp. *	79,900		2,754,952
athenahealth, Inc. *	600		20,346
Cardinal Health, Inc.	58,400		3,651,752
Cerner Corp. *	25,200		1,507,212
Covance, Inc. *	33,800		2,633,020
Coventry Health Care, Inc. *	21,250		1,321,962
DaVita, Inc. *	27,700		1,750,086
Express Scripts, Inc. *	24,700		1,378,754
Health Net, Inc. *	13,900		751,295
Healthextras, Inc. *	48,900		1,360,887
Healthways, Inc. *	27,300		1,473,381
Humana, Inc. *	32,900		2,299,052
Laboratory Corp. of America Holdings *	39,700		3,105,731
McKesson Corp.	46,100		2,710,219
Medco Health Solutions, Inc. *	3,300		298,287
National Medical Health Card Systems, Inc. *	32,300		309,111
Nighthawk Radiology Holdings, Inc. *	51,700		1,267,167
Omnicare, Inc.	12,100		400,873
WebMD Health Corp. *	2,000		104,200
WellPoint, Inc. *	63,400		5,003,528
			34,101,815
Insurance - 2.44%
Aetna, Inc.	70,300		3,815,181
CIGNA Corp.	42,500		2,264,825
eHealth, Inc. *	1,900		52,630
			6,132,636
Life Sciences - 1.13%
Incyte Corp. *	270,700		1,935,505
Symyx Technologies, Inc. *	56,100		487,509
Waters Corp. *	6,200		414,904
			2,837,918
Medical-Hospitals - 2.89%
Centene Corp. *	65,900		1,417,509
Community Health Systems, Inc. *	30,800		968,352
Lifepoint Hospitals, Inc. *	28,700		861,287
Manor Care, Inc.	21,900		1,410,360
Sawai Pharmaceutical Co., Ltd.	17,300		511,567
Sunrise Senior Living, Inc. *	28,000		990,360
Vital Images, Inc. *	55,400		1,081,408
			7,240,843

The accompanying notes are an integral part of the financial statements. 

111

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals - 38.17%
A&D Pharma Holding NV	78,700	$	2,014,121
Abbott Laboratories	22,800		1,222,536
Alexion Pharmaceuticals, Inc. *	130,200		8,482,530
Alexza Pharmaceuticals, Inc. *	37,400		323,884
Alkermes, Inc. *	150,300		2,765,520
Allergan, Inc.	27,500		1,772,925
Allos Therapeutics, Inc. *	74,400		353,400
Altus Pharmaceuticals, Inc. *	50,200		526,598
Amicus Therapeutics Inc *	6,300		105,273
Amylin Pharmaceuticals, Inc. *	53,500		2,675,000
Array BioPharma, Inc. *	29,100		326,793
Barr Pharmaceuticals, Inc. *	43,100		2,452,821
Biocryst Pharmaceuticals, Inc. *	84,700		611,534
Biodel Inc *	38,700		659,448
Bristol-Myers Squibb Company	34,600		997,172
Cadence Pharmaceuticals, Inc. *	18,000		252,000
Celgene Corp. *	42,600		3,037,806
Cubist Pharmaceuticals, Inc. *	93,300		1,971,429
Elan Corp. PLC, SADR *	230,100		4,841,304
Eli Lilly & Company	57,627		3,280,705
EPIX Pharmaceuticals, Inc. *	41,800		169,708
Favrille, Inc. *	95,419		291,028
Fresenius AG	17,202		1,294,307
Gilead Sciences, Inc. *	267,096		10,916,214
GlaxoSmithKline PLC	36,200		957,174
Infinity Pharmaceuticals, Inc. *	45,775		414,722
Insite Vision, Inc. *	49,900		57,385
Ipsen SA	30,400		1,748,359
Medicis Pharmaceutical Corp., Class A	3,000		91,530
Merck & Company AG *	9,198		1,106,374
Merck & Company, Inc.	80,000		4,135,200
Mylan Laboratories, Inc.	6,500		103,740
Novo Nordisk AS	4,900		589,860
Onyx Pharmaceuticals, Inc. *	77,738		3,383,158
OSI Pharmaceuticals, Inc. *	92,568		3,146,386
PDL BioPharma, Inc. *	26,400		570,504
Pharmaceutical HOLDRs Trust *	3,700		296,407
Pharmasset Inc *	49,200		598,272
Pharmion Corp. *	30,700		1,416,498
Poniard Pharmaceuticals, Inc. *	93,045		527,565
Profarma Distribuidora de Produtos
Farmaceuticos SA *	69,100		1,372,225
Regeneron Pharmaceuticals, Inc. *	36,400		647,920
Rigel Pharmaceuticals, Inc. *	35,000		330,050
Roche Holdings AG	21,827		3,947,128
Schering-Plough Corp.	110,700		3,501,441
Sepracor, Inc. *	58,500		1,608,750
Shire Pharmaceuticals Group PLC, ADR	21,800		1,612,764
Shire PLC	39,600		969,573
Takeda Pharmaceutical Company, Ltd.	6,300		442,720
Teva Pharmaceutical Industries, Ltd., SADR	59,915		2,664,420
Theravance, Inc. *	57,400		1,497,566

Health Sciences Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Towa Pharmaceutical Company, Ltd.		24,100	$	1,043,816
United Therapeutics Corp. *		6,700		445,818
Valeant Pharmaceuticals International *		69,800		1,080,504
Vertex Pharmaceuticals, Inc. *		85,304		3,276,527
ViroPharma, Inc. *		29,800		265,220
Warner Chilcott, Ltd., Class A *		30,800		547,316
				95,740,948
Retail Grocery - 0.28%
Shoppers Drug Mart Corp.		12,700		693,295
Retail Trade - 2.61%
CVS Caremark Corp.		164,945		6,536,770
Sanitary Services - 0.41%
Stericycle, Inc. *		18,000		1,028,880
Software - 0.23%
Allscripts Healthcare Solution, Inc. *		21,400		578,442
TOTAL COMMON STOCKS (Cost $215,744,573)			$	252,044,258
WARRANTS - 0.06%
Biotechnology - 0.06%
Dyadic International, Inc.
(Expiration Date 05/30/2010; strike
price $6.33)		6,000		0
Poniard Pharmaceuticals, Inc.
(Expiration date 02/01/2011; strike
price $0.77) (e)		132,113		138,719
(Expiration date 12/03/2008; strike
price $6.00) (e)		2,400		0
				138,719
Healthcare Products - 0.00%
Mannkind Corp.
(Expiration date 08/05/2010; strike
price $12.228) (e)		21,000		0
Pharmaceuticals - 0.00%
Favrille, Inc.
(Expiration date 03/06/2011; strike
price $5.26) (e)		20,411		0
TOTAL WARRANTS (Cost $3,076)			$	138,719
OPTIONS - 0.02%
United Therapeutics Corp.
Expiration 11/17/2007 at $(missing
rate)		10,100		42,925
TOTAL OPTIONS (Cost $37,969)			$	42,925
SHORT TERM INVESTMENTS - 0.60%
T. Rowe Price Reserve Investment
Fund	$	1,517,295	$	1,517,295
TOTAL SHORT TERM INVESTMENTS
(Cost $1,517,295)			$	1,517,295

The accompanying notes are an integral part of the financial statements. 

112

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Health Sciences Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.47%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$1,183,404 on 10/01/2007,
collateralized by $1,180,000
Federal Home Loan Mortgage
Corp., 4.75% due 11/03/2009
(valued at $1,210,975, including
interest)	$	1,183,000	$	1,183,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,183,000)			$	1,183,000
Total Investments (Health Sciences Trust)
(Cost $218,485,913) - 101.65%			$	254,926,197
Liabilities in Excess of Other Assets - (1.65)%				(4,133,140)
TOTAL NET ASSETS - 100.00%			$	250,793,057
High Income Trust
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS - 4.02%
Brazil - 4.02%
Federative Republic of Brazil
12.50% due 01/05/2016	BRL	27,025,000	$	17,246,890
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $17,100,807)			$	17,246,890
CORPORATE BONDS - 58.74%
Advertising - 1.13%
Vertis, Inc.
9.75% due 04/01/2009	$	3,365,000		3,415,475
10.875% due 06/15/2009		1,500,000		1,443,750
				4,859,225
Aerospace - 0.07%
TransDigm, Inc.
7.75% due 07/15/2014		300,000		303,000
Air Travel - 4.64%
Alaska Airlines, Inc., Series D
9.50% due 04/12/2012		118,976		111,625
American Airlines, Inc., Series 90-K
9.93% due 06/15/2010		512,000		502,400
American Airlines, Inc., Series 91B2
10.32% due 07/30/2014		1,020,000		999,600
AMR Corp., Series MTNB
10.40% due 03/10/2011		4,500,000		4,561,875
Gol Finance
8.75% due 04/29/2049		3,130,000		3,106,525
Northwest Airlines
6.625% due 02/15/2023		15,810,000		1,343,850
7.625% due 11/15/2023		8,965,000		851,675
8.70% due 03/15/2049		2,220,000		222,000
8.875% due 06/01/2049		6,860,000		668,850

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Air Travel (continued)
Northwest Airlines (continued)
9.875% due 03/15/2037	$	7,390,000	$	739,000
10.00% due 02/01/2009 (a)		3,810,000		371,475
Northwest Airlines Corp.
zero coupon due 01/16/2017		4,640,000		394,400
United Airlines, Inc., Series 00-2
7.762% due 10/01/2049 ^		6,568,473		6,075,837
				19,949,112
Apparel & Textiles - 0.09%
Hanesbrands, Inc., Series B
8.7841% due 12/15/2014 (b)		385,000		383,075
Auto Parts - 0.11%
Federal-Mogul Corp.
7.50% due 01/15/2009 ^		550,000		451,000
Broadcasting - 5.76%
Canadian Satellite Radio Holdings, Inc., ADR
8.00% due 09/10/2014		1,900,000		1,900,000
12.75% due 02/15/2014		3,700,000		3,626,000
Sirius Satellite Radio, Inc.
9.625% due 08/01/2013		2,290,000		2,272,825
XM Satellite Radio Holdings, Inc.
1.75% due 12/01/2009		4,105,000		3,602,137
XM Satellite Radio, Inc.
9.75% due 05/01/2014		8,070,000		8,090,175
9.8563% due 05/01/2013 (b)		5,325,000		5,258,438
				24,749,575
Building Materials & Construction - 0.26%
Odebrecht Overseas, Ltd.
9.625% due 12/31/2049		1,050,000		1,102,500
Business Services - 2.12%
Allied Security Escrow Corp.
11.375% due 07/15/2011		1,356,000		1,356,000
Minerva Overseas, Ltd.
9.50% due 02/01/2017		3,010,000		2,972,375
MSX International UK
12.50% due 04/01/2012		1,235,000		1,197,950
West Corp.
11.00% due 10/15/2016		3,425,000		3,596,250
				9,122,575
Cable & Television - 5.98%
Adelphia Communications Corp.
7.75% due 01/15/2009 ^		3,000,000		480,000
9.875% due 03/01/2049 ^		2,050,000		328,000
10.25% due 11/01/2049 ^		1,025,000		161,438
Century Communications
8.375% due 12/15/2049		1,000,000		28,750
Charter Communications Holdings I LLC
11.75% due 05/15/2014		4,431,000		4,098,675
12.125% due 01/15/2015		1,000,000		935,000
13.50% due 01/15/2014 (a)		1,520,000		1,489,600
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		6,635,000		6,717,938

The accompanying notes are an integral part of the financial statements. 

113

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable & Television (continued)
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010	$	1,345,000	$	1,375,262
Charter Communications Operating LLC
8.00% due 04/30/2012		5,600,000		5,572,000
Charter Communications, Inc.
5.875% due 11/16/2009		459,000		593,257
Insight Communications, Inc.
12.25% due 02/15/2011		385,000		397,513
Shaw Communications, Inc.
8.25% due 04/11/2010		172,000		178,880
Young Broadcasting, Inc.
8.75% due 01/15/2014		183,000		154,635
10.00% due 03/01/2011		3,451,000		3,183,547
				25,694,495
Cellular Communications - 6.46%
American Cellular Corp.
10.00% due 08/01/2011		4,573,000		4,778,785
Centennial Communications Corp.
10.00% due 01/01/2013		2,105,000		2,226,037
10.75% due 12/15/2008		69,000		69,000
11.11% due 01/01/2013 (b)		680,000		700,400
Cricket Communications, Inc.
9.375% due 11/01/2014		990,000		1,004,850
Dobson Communications Corp.
8.375% due 11/01/2011		2,195,000		2,329,444
8.875% due 10/01/2013		4,750,000		5,058,750
9.875% due 11/01/2012		2,160,000		2,332,800
Dobson Communications Corp., Series B
8.375% due 11/01/2011		2,581,000		2,739,086
Rural Cellular Corp.
8.621% due 06/01/2013 (b)		5,060,000		5,186,500
9.875% due 02/01/2010		1,280,000		1,337,600
				27,763,252
Chemicals - 1.43%
American Pacific Corp.
9.00% due 02/01/2015		5,555,000		5,693,875
Huntsman International LLC
11.625% due 10/15/2010		59,000		62,540
Sterling Chemicals, Inc.
10.25% due 04/01/2015		350,000		353,500
Union Carbide Chemicals & Plastics
7.875% due 04/01/2023		40,000		43,246
				6,153,161
Containers & Glass - 2.38%
BWAY Corp.
10.00% due 10/15/2010		780,000		795,600
Clondalkin Acquisition BV
7.6944% due 12/15/2013 (b)		750,000		720,000
Graphic Packaging International Corp.
9.50% due 08/15/2013		2,750,000		2,825,625
Pliant Corp.
11.625% due 06/15/2009 ^		703,888		739,082
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		3,285,000		3,227,513

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Containers & Glass (continued)
Stone Container Finance
7.375% due 07/15/2014	$	100,000	$	95,500
Tekni Plex, Inc., Series B
12.75% due 06/15/2010		1,881,000		1,297,890
US Corrugated, Inc.
10.00% due 06/12/2013		540,000		502,200
				10,203,410
Drugs & Health Care - 0.70%
Duane Reade, Inc.
9.75% due 08/01/2011		3,145,000		3,011,338
Electrical Utilities - 0.78%
Orion Power Holdings, Inc.
12.00% due 05/01/2010		3,055,000		3,345,225
Electronics - 0.24%
Muzak LLC/Muzak Finance Corp.
9.875% due 03/15/2009		1,884,000		1,031,490
Thomas & Betts Corp.
6.39% due 02/10/2009		11,000		11,202
				1,042,692
Energy - 0.36%
Exide Technologies, Series B
10.50% due 03/15/2013		1,600,000		1,532,000
Financial Services - 1.31%
Nexstar Finance Holdings LLC
zero coupon, Step up to 11.375% on
04/01/2008 due 04/01/2013		1,100,000		1,083,500
Nexstar Finance, Inc.
7.00% due 01/15/2014		1,026,000		984,960
TAM Capital, Inc.
7.375% due 04/25/2017		550,000		497,750
Ucar Finance, Inc.
10.25% due 02/15/2012 (a)		2,943,000		3,068,078
				5,634,288
Food & Beverages - 1.25%
ASG Consolidated LLC/ASG Finance, Inc.
zero coupon, Step up to 11.5% on
11/01/2008 due 11/01/2011		4,380,000		4,073,400
Constellation Brands, Inc., Series B
8.125% due 01/15/2012		260,000		264,550
Dole Food Company, Inc.
7.25% due 06/15/2010		1,111,000		1,049,895
				5,387,845
Forest Products - 0.07%
Tembec Industries, Inc.
8.50% due 02/01/2011		755,000		290,675
Gold - 0.42%
New Gold, Inc.
10.00% due 06/28/2017	CAD	2,145,000		1,787,231
Healthcare Services - 1.21%
Healthsouth Corp.
11.4091% due 06/15/2014 (b)	$	5,000,000		5,212,500

The accompanying notes are an integral part of the financial statements. 

114

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Holdings Companies/Conglomerates - 1.94%
UAL Corp.
4.50% due 06/30/2021	$	5,650,000	$	8,346,180
Homebuilders - 0.07%
D.R. Horton, Inc.
9.75% due 09/15/2010		18,000		17,890
Meritage Homes Corp.
7.00% due 05/01/2014		114,000		91,200
Standard Pacific Corp.
6.50% due 10/01/2008		191,000		169,990
				279,080
Hotels & Restaurants - 0.82%
Buffalo Thunder Development Authority
9.375% due 12/15/2014		1,670,000		1,569,800
CCM Merger, Inc.
8.00% due 08/01/2013		1,993,000		1,943,175
				3,512,975
Leisure Time - 7.82%
AMC Entertainment, Inc.
8.00% due 03/01/2014		66,000		62,865
AMC Entertainment, Inc., Series B
8.625% due 08/15/2012		103,000		105,832
Cinemark, Inc.
zero coupon, Step up to 9.75% on
03/15/2009 due 03/15/2014		1,015,000		959,175
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015		4,500,000		4,218,750
Fontainebleau, Senior Note
7.00% due 05/31/2014		3,040,000		2,910,800
Greektown Holdings LLC
10.75% due 12/01/2013		1,250,000		1,237,500
Harrah's Operating Company, Inc.
6.50% due 06/01/2016		1,500,000		1,222,500
Jacobs Entertainment, Inc.
9.75% due 06/15/2014		1,800,000		1,791,000
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014		2,440,000		2,488,800
Majestic Star Casino LLC
9.50% due 10/15/2010		3,270,000		3,139,200
9.75% due 01/15/2011		4,870,000		4,090,800
Marquee Holdings, Inc.
zero coupon, step up to 12.00% on
08/15/2007 due 08/15/2014		855,000		722,475
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		750,000		742,500
9.75% due 04/01/2010		155,000		159,262
Scientific Games Corp.
6.25% due 12/15/2012		73,000		70,354
Seminole Hard Rock Entertainment, Inc.
8.194% due 03/15/2014 (b)		845,000		824,931
Shingle Springs Tribal Gaming Authority
9.375% due 06/15/2015		1,055,000		1,065,550
Trump Entertainment Resorts, Inc.
8.50% due 06/01/2015		7,925,000		6,597,563
Turning Stone Resort Casino
9.125% due 09/15/2014		720,000		745,200

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
Wimar Opco LLC
9.625% due 12/15/2014	$	550,000	$	426,250
				33,581,307
Manufacturing - 0.50%
Vitro SAB de CV
9.125% due 02/01/2017		2,175,000		2,136,938
Medical-Hospitals - 0.59%
Alliance Imaging, Inc.
7.25% due 12/15/2012		2,000,000		1,915,000
Community Health Systems, Inc.
8.875% due 07/15/2015		615,000		631,913
				2,546,913
Metal & Metal Products - 0.18%
Blaze Recycling & Metals LLC / Blaze Finance Corp.
10.875% due 07/15/2012		755,000		755,000
Mining - 0.11%
Drummond Company, Inc.
7.375% due 02/15/2016		500,000		465,000
Paper - 2.56%
Abitibi-Consolidated, Inc.
5.25% due 06/20/2008		710,000		678,050
6.00% due 06/20/2013		3,000,000		2,100,000
7.50% due 04/01/2028		509,000		338,485
7.75% due 06/15/2011		1,485,000		1,143,450
8.375% due 04/01/2015		1,050,000		763,875
Bowater Canada Finance Corp.
7.95% due 11/15/2011		257,000		211,382
Bowater, Inc.
9.50% due 10/15/2012		770,000		641,025
Jefferson Smurfit Corp.
8.25% due 10/01/2012		790,000		791,975
Newark Group, Inc.
9.75% due 03/15/2014		1,643,000		1,577,280
Norske Skog Canada, Ltd.
7.375% due 03/01/2014		2,071,000		1,542,895
Pope & Talbot, Inc.
8.375% due 06/01/2013		2,200,000		1,188,000
				10,976,417
Publishing - 2.02%
Idearc, Inc.
8.00% due 11/15/2016		3,015,000		3,007,463
Quebecor World Capital Corp.
4.875% due 11/15/2008		1,935,000		1,876,950
6.125% due 11/15/2013		3,805,000		3,272,300
8.75% due 03/15/2016		590,000		535,425
				8,692,138
Real Estate - 0.30%
Realogy Corp.
10.50% due 04/15/2014		965,000		822,662
12.375% due 04/15/2015		645,000		486,975
				1,309,637

The accompanying notes are an integral part of the financial statements. 

115

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Retail - 0.91%
Eye Care Centers of America
10.75% due 02/15/2015	$	1,448,000	$	1,542,120
Jo-Ann Stores, Inc.
7.50% due 03/01/2012		2,629,000		2,366,100
				3,908,220
Sanitary Services - 0.52%
Allied Waste North America, Inc.
4.25% due 04/15/2034		2,340,000		2,220,075
Steel - 0.71%
WCI Steel Acquisition, Inc.
8.00% due 05/01/2016		3,065,000		3,049,675
Telecommunications Equipment &
Services - 0.78%
Digicel Group, Ltd.
8.875% due 01/15/2015		1,555,000		1,461,700
Mobile Satellite Ventures LP
zero coupon, Step up to 14% on
04/01/2010 due 04/01/2013		1,210,000		726,000
Terrestar Networks, Inc., PIK
15.00% due 02/15/2014		1,204,466		1,159,299
				3,346,999
Tobacco - 1.09%
Alliance One International, Inc.
8.50% due 05/15/2012		940,000		921,200
11.00% due 05/15/2012		1,275,000		1,354,687
North Atlantic Trading Company
10.00% due 03/01/2012		2,626,750		2,423,177
				4,699,064
Travel Services - 1.05%
Travelport LLC
9.875% due 09/01/2014		4,415,000		4,503,300
TOTAL CORPORATE BONDS (Cost $256,173,540)			$	252,307,092
CONVERTIBLE BONDS - 5.96%
Air Travel - 2.63%
AMR Corp.
4.25% due 09/23/2023		8,210,000		11,319,537
Holdings Companies/Conglomerates - 3.33%
UAL Corp.
4.50% due 06/30/2021		9,675,000		14,291,910
TOTAL CONVERTIBLE BONDS (Cost $24,366,192)			$	25,611,447
COLLATERALIZED MORTGAGE
OBLIGATIONS - 2.60%
Countrywide Alternative Loan Trust, Series
2007-OA9, Class B1
6.8813% due 06/25/2047 (b)		1,162,350		492,536
Countrywide Alternative Loan Trust, Series
2007-OA9, Class B2
6.8813% due 06/25/2047 (b)		344,800		146,106
Countrywide Alternative Loan Trust, Series
2007-OA9, Class B3
6.8813% due 06/25/2047 (b)		691,334		292,947

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Countrywide Alternative Loan Trust, Series
2007-OA9, Class XP
2.4689% IO due 06/25/2047	$	59,446,534	$	3,339,409
Global Tower Partners Acquisition LLC, Series
2007-1A, Class G
7.8737% due 05/15/2037		540,000		503,636
Harborview Mortgage Loan Trust, Series 2007-3,
Class ES
zero coupon due 05/19/2047		82,032,158		628,059
Harborview Mortgage Loan Trust, Series 2007-4,
Class ES
zero coupon due 07/19/2047		82,155,359		731,696
Harborview Mortgage Loan Trust, Series 2007-6,
Class ES
zero coupon due 11/19/2015		58,393,610		447,076
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036		1,820,000		1,750,185
SBA CMBS Trust, Series 2006-1A, Class J
7.825% due 11/15/2036		1,380,000		1,303,059
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2006-AR8,
Class CX2P
zero coupon IO due 10/25/2046		42,383,358		1,536,397
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $11,329,128)			$	11,171,106
ASSET BACKED SECURITIES - 1.21%
DB Master Finance LLC, Series 2006-1, Class-M1
8.285% due 06/20/2031		1,545,000		1,586,887
Dominos Pizza Master Issuer LLC, Series 2007-1,
Class M1
7.629% due 04/25/2037		3,730,000		3,612,076
TOTAL ASSET BACKED SECURITIES
(Cost $5,290,336)			$	5,198,963
COMMON STOCKS - 16.13%
Air Travel - 4.40%
Northwest Airlines Corp. *		1,061,829		18,900,556
Broadcasting - 2.36%
Canadian Satellite Radio Holdings, Inc. *		452,601		2,317,186
XM Satellite Radio Holdings, Inc., Class A *		550,200		7,796,334
				10,113,520
Cable & Television - 3.41%
Adelphia Recovery Trust, Series ACC-1 *		5,927,870		237,115
Adelphia Recovery Trust, Series Arahova *		424,950		206,100
Charter Communications, Inc., Class A *		414,100		1,068,378
Comcast Corp., Special Class A *		374,025		8,961,639
Time Warner Cable, Inc. *		126,791		4,158,745
				14,631,977
Commercial Services - 0.19%
Paragon Shipping, Inc. - Units *		4,990		79,920
Paragon Shipping, Inc. *		51,727		754,180
				834,100

The accompanying notes are an integral part of the financial statements. 

116

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
International Oil - 0.22%
Dominion Petroleum, Ltd., GDR *		1,324,020	$	958,220
Leisure Time - 1.23%
Fontainebleau Resorts LLC, Class A *		68,468		821,616
Isle of Capri Casinos, Inc. *		229,750		4,468,638
				5,290,254
Mining - 1.46%
Freeport-McMoRan Copper & Gold, Inc.,
Class B		59,881		6,280,918
Telecommunications Equipment &
Services - 1.41%
Chunghwa Telecom Company, Ltd., SADR (a)		327,550		6,053,130
Telephone - 1.45%
Sprint Nextel Corp.		326,900		6,211,100
TOTAL COMMON STOCKS (Cost $68,723,385)		$		69,273,775
PREFERRED STOCKS - 3.98%
Cellular Communications - 0.69%
Rural Cellular Corp., PIK *		2,347		2,974,823
Containers & Glass - 0.11%
Pliant Corp., Series AA *		1,287		489,060
Mining - 3.18%
Freeport-McMoRan Copper & Gold, Inc. *		87,983		13,646,163
TOTAL PREFERRED STOCKS (Cost $16,321,643)		$		17,110,046
TERM LOANS - 5.13%
Air Travel - 0.35%
Delta Airlines Inc.
7.355% due 04/30/2012		1,549,800		1,501,369
Broadcasting - 0.13%
Sirius Satellite Radio, Inc.
7.84% due 12/20/2012		560,000		548,800
Educational Services - 0.41%
Riverdeep Interactive Learning
8.10% due 11/28/2013	EUR	1,766,094		1,747,700
Leisure Time - 0.19%
East Valley Tourist Development
7.00% due 08/06/2012	$	810,000		805,950
Medical-Hospitals - 1.69%
Community Health Systems, Inc.
7.32% due 07/25/2014 (f)		4,690,642		4,613,434
HCA Inc.
7.202% due 11/18/2012		2,745,000		2,668,940
				7,282,374
Newspapers - 1.40%
Star Tribune Corp.
7.587% due 03/01/2015		1,495,000		1,209,081
7.587% due 03/01/2014		3,247,488		2,626,406
Tribune Corp.
8.36% due 05/30/2014		2,700,000		2,183,625
				6,019,112

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Real Estate - 0.33%
Realogy Corp.
8.07% due 10/10/2013	$	1,500,000	$	1,417,500
Trucking & Freight -  0.63%
Saint Acquisition Corp.
8.57% due 05/06/2014		3,000,000		2,709,900
TOTAL TERM LOANS (Cost $22,936,211)			$	22,032,705
WARRANTS - 0.10%
Commercial Services - 0.02%
Paragon Shipping, Inc.
(Expiration Date: 11/21/2011)		11,002		78,994
Gold - 0.08%
New Gold, Inc.
(Expiration Date: 06/28/17, Strike
Price: CAD 15.00)		214,500		322,994
TOTAL WARRANTS (Cost $441,521)			$	401,988
SHORT TERM INVESTMENTS - 2.22%
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2007	$	6,300,000	$	6,300,000
John Hancock Cash Investment Trust (c)		3,236,907		3,236,907
TOTAL SHORT TERM INVESTMENTS
(Cost $9,536,907)			$	9,536,907
REPURCHASE AGREEMENTS - 0.01%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$54,018 on 10/01/2007,
collateralized by $55,000 Federal
National Mortgage Association,
5.625% due 08/21/2012 (valued at
$55,619, including interest)	$	54,000	$	54,000
TOTAL REPURCHASE AGREEMENTS
(Cost $54,000)			$	54,000
Total Investments (High Income Trust)
(Cost $432,273,670) - 100.10%			$	429,944,919
Liabilities in Excess of Other Assets - (0.10)%				(409,736)
TOTAL NET ASSETS - 100.00%			$	429,535,183
High Yield Trust
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS - 5.29%
Argentina - 0.13%
Republic of Argentina
2.00% due 01/03/2010 (b)	ARS	2,426,000	$	925,570
7.00% due 09/12/2013	$	1,141,000		993,811
8.00% due 02/26/2008 ^	EUR	450,000		214,976
8.00% due 10/30/2009 ^		1,425,000,000		324,373

The accompanying notes are an integral part of the financial statements. 

117

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Argentina (continued)
Republic of Argentina (continued)
9.00% due 05/26/2009	EUR	300,000	$	136,493
9.00% due 11/19/2008 ^		222,000		51,401
11.75% due 05/20/2011 ^		275,000		69,869
				2,716,493
Brazil - 1.53%
Federative Republic of Brazil
6.00% due 05/15/2045	BRL	3,637,000		3,220,486
8.25% due 01/20/2034	$	921,000		1,160,000
8.75% due 02/04/2025		1,377,000		1,762,560
8.875% due 10/14/2019		5,960,000		7,420,200
10.00% due 07/01/2010	BRL	32,438,000		17,525,556
10.00% due 01/01/2010		1,000		543
10.50% due 07/14/2014	$	575,000		727,375
				31,816,720
Colombia - 0.36%
Republic of Colombia
7.375% due 01/27/2017		414,000		450,225
7.375% due 09/18/2037		6,416,000		7,057,600
				7,507,825
Ecuador - 0.13%
Republic of Ecuador
9.375% due 12/15/2015		50,000		48,750
10.00% due 08/15/2030		2,833,000		2,549,700
				2,598,450
Indonesia - 0.34%
Republic of Indonesia
9.75% due 05/15/2037	IDR	14,208,000,000		1,613,302
10.25% due 07/15/2027		11,943,000,000		1,348,481
10.25% due 07/15/2022		18,787,000,000		2,140,917
11.00% due 09/15/2025		15,723,000,000		1,889,303
				6,992,003
Mexico - 0.39%
Government of Mexico
5.625% due 01/15/2017	$	258,000		257,226
6.375% due 01/16/2013		1,403,000		1,475,255
6.625% due 03/03/2015		1,142,000		1,221,940
8.375% due 01/14/2011		273,000		300,983
10.375% due 02/17/2009		2,325,000		2,499,375
11.375% due 09/15/2016		1,675,000		2,359,237
				8,114,016
Panama - 0.53%
Republic of Panama
6.70% due 01/26/2036		7,509,000		7,715,498
9.375% due 04/01/2029		2,450,000		3,283,000
				10,998,498
Peru - 0.13%
Republic of Peru
6.55% due 03/14/2037		834,000		860,688
7.35% due 07/21/2025		194,000		221,645

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Peru (continued)
Republic of Peru (continued)
8.75% due 11/21/2033	$	1,147,000	$	1,506,584
				2,588,917
Russia - 0.22%
Russian Federation
11.00% due 07/24/2018		2,619,000		3,707,194
12.75% due 06/24/2028		490,000		873,425
				4,580,619
Turkey - 0.97%
Republic of Turkey
6.875% due 03/17/2036		9,982,000		9,520,333
7.00% due 06/05/2020		202,000		203,020
7.00% due 09/26/2016		475,000		483,906
7.375% due 02/05/2025		2,906,000		3,011,343
11.875% due 01/15/2030		1,910,000		2,965,275
14.00% due 01/19/2011	TRY	5,035,000		4,037,902
				20,221,779
Venezuela - 0.56%
Republic of Venezuela
5.75% due 02/26/2016	$	6,671,000		5,636,995
7.65% due 04/21/2025		925,000		827,875
8.50% due 10/08/2014		433,000		434,082
9.375% due 01/13/2034		2,054,000		2,141,295
10.75% due 09/19/2013		2,420,000		2,674,100
				11,714,347
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $107,882,848)			$	109,849,667
CORPORATE BONDS - 83.02%
Advertising - 0.75%
Lamar Media Corp.
6.625% due 08/15/2015		4,390,000		4,236,350
R.H. Donnelley Corp., Series A-1
6.875% due 01/15/2013		605,000		571,725
R.H. Donnelley Corp., Series A-2
6.875% due 01/15/2013		640,000		604,800
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		10,050,000		10,238,438
				15,651,313
Aerospace - 1.57%
Alliant Techsystems, Inc.
6.75% due 04/01/2016		2,625,000		2,598,750
DRS Technologies, Inc.
6.625% due 02/01/2016		1,560,000		1,540,500
6.875% due 11/01/2013		4,625,000		4,625,000
7.625% due 02/01/2018		875,000		892,500
Hawker Beechcraft Acquisition Company LLC
9.75% due 04/01/2017		10,045,000		10,271,013
Hawker Beechcraft Acquisition Company LLC, PIK
8.875% due 04/01/2015		7,965,000		8,024,737

The accompanying notes are an integral part of the financial statements. 

118

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Aerospace (continued)
Sequa Corp.
9.00% due 08/01/2009	$	4,445,000	$	4,622,800
				32,575,300
Air Travel - 1.00%
Continental Airlines, Inc.
6.541% due 09/15/2008		121,749		120,532
8.75% due 12/01/2011 (a)		3,920,000		3,763,200
Continental Airlines, Inc., Series C
7.339% due 04/19/2014		2,445,000		2,298,300
DAE Aviation Holdings, Inc.
11.25% due 08/01/2015		14,000,000		14,630,000
				20,812,032
Aluminum - 0.40%
Novelis, Inc.
7.25% due 02/15/2015		8,600,000		8,299,000
Apparel & Textiles - 0.50%
Levi Strauss & Company
8.875% due 04/01/2016		1,105,000		1,138,150
9.75% due 01/15/2015		8,835,000		9,276,750
				10,414,900
Auto Parts - 1.07%
Goodyear Tire & Rubber Company
9.00% due 07/01/2015		290,000		309,575
Keystone Automotive Operations
9.75% due 11/01/2013		5,455,000		4,445,825
Visteon Corp.
8.25% due 08/01/2010		19,765,000		17,393,200
				22,148,600
Auto Services - 1.62%
Ashtead Holdings PLC
8.625% due 08/01/2015		1,635,000		1,590,038
Hertz Corp.
8.875% due 01/01/2014		8,800,000		9,064,000
10.50% due 01/01/2016		12,655,000		13,667,400
Penhall International Corp.
12.00% due 08/01/2014		9,240,000		9,332,400
				33,653,838
Automobiles - 2.49%
AutoNation, Inc.
7.00% due 04/15/2014		800,000		764,000
7.36% due 04/15/2013 (b)		3,485,000		3,328,175
Ford Motor Company
4.25% due 12/15/2036		790,000		927,934
7.45% due 07/16/2031		18,990,000		14,907,150
8.90% due 01/15/2032		2,000,000		1,650,000
General Motors Corp.
7.20% due 01/15/2011		3,500,000		3,342,500
8.375% due 07/15/2033		30,520,000		26,743,150
				51,662,909
Banking - 1.70%
ATF Capital BV
9.25% due 02/21/2014		10,220,000		10,410,092

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
HSBC Bank PLC, Series EMTN
7.00% due 11/01/2011	$	579,044	$	579,218
HSBC Bank USA, Series BKNT
6.9704% due 11/01/2011 (b)		225,298		225,366
6.9809% due 11/01/2011 (b)		234,103		234,173
HSBK Europe BV
7.25% due 05/03/2017		9,350,000		9,396,094
ICICI Bank, Ltd.
6.375% due 04/30/2022 (b)		2,434,000		2,276,033
ICICI Bank, Ltd., Series REGS
6.375% due 04/30/2022 (b)		1,907,000		1,780,108
RSHB Capital SA for OJSC Russian Agricultural
Bank
6.299% due 05/15/2017		1,144,000		1,076,962
RSHB Capital SA for OJSC Russian Agricultural
Bank
7.175% due 05/16/2013		1,791,000		1,824,313
TuranAlem Finance BV
8.25% due 01/22/2037		5,570,000		4,706,650
TuranAlem Finance BV, Series REGS
8.25% due 01/22/2037		3,166,000		2,762,335
				35,271,344
Broadcasting - 0.49%
CanWest Media, Inc.
8.00% due 09/15/2012		226,000		221,480
CMP Susquehanna Corp.
9.875% due 05/15/2014		5,565,000		5,175,450
XM Satellite Radio, Inc.
9.75% due 05/01/2014		1,440,000		1,443,600
9.8563% due 05/01/2013 (b)		3,445,000		3,401,938
				10,242,468
Building Materials & Construction - 1.23%
Ainsworth Lumber Company, Ltd.
6.75% due 03/15/2014		1,310,000		844,950
7.25% due 10/01/2012		2,080,000		1,424,800
Associated Materials, Inc.
zero coupon, Step up to 11.25% on
03/01/2009 due 03/01/2014		13,610,000		8,574,300
9.75% due 04/15/2012		6,560,000		6,658,400
NTK Holdings, Inc.
zero coupon, Step up to 10.75% on
09/01/2009 due 03/01/2014		12,950,000		7,964,250
				25,466,700
Business Services - 1.92%
Affinion Group, Inc.
10.125% due 10/15/2013		7,282,000		7,682,510
11.50% due 10/15/2015		7,415,000		7,785,750
Allied Security Escrow Corp.
11.375% due 07/15/2011		10,380,000		10,380,000
Sungard Data Systems, Inc.
9.125% due 08/15/2013		5,474,000		5,692,960
10.25% due 08/15/2015		8,000,000		8,360,000
				39,901,220

The accompanying notes are an integral part of the financial statements. 

119

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable & Television - 3.98%
Cablevision Systems Corp., Series B
8.00% due 04/15/2012	$	720,000	$	698,400
9.82% due 04/01/2009 (b)		100,000		103,000
Charter Communications Holdings I LLC
11.75% due 05/15/2014		15,490,000		14,328,250
12.125% due 01/15/2015		3,530,000		3,300,550
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		14,163,000		14,340,038
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		6,420,000		6,564,450
10.25% due 10/01/2013		3,030,000		3,158,775
Charter Communications Holdings LLC
11.75% due 05/15/2011		2,115,000		2,027,756
12.125% due 01/15/2012		2,260,000		2,166,775
CSC Holdings, Inc.
6.75% due 04/15/2012		5,285,000		5,086,812
7.25% due 07/15/2008		2,550,000		2,556,375
7.625% due 07/15/2018		280,000		267,400
CSC Holdings, Inc., Series B
7.625% due 04/01/2011		2,935,000		2,942,337
8.125% due 08/15/2009		270,000		274,725
8.125% due 07/15/2009 (a)		650,000		661,375
EchoStar DBS Corp.
6.625% due 10/01/2014		8,000,000		8,040,000
7.00% due 10/01/2013		800,000		818,000
7.125% due 02/01/2016		2,195,000		2,255,363
ION Media Networks, Inc.
11.61% due 01/15/2013 (b)		1,355,000		1,382,100
ION Media Networks, Inc., Series A
11.00% due 07/31/2013		2,055,000		1,673,284
Rogers Cable, Inc.
8.75% due 05/01/2032		4,200,000		4,951,367
Univision Communications, Inc., PIK
9.75% due 03/15/2015		2,050,000		1,998,750
Videotron Ltee.
6.375% due 12/15/2015		3,422,000		3,216,680
				82,812,562
Cellular Communications - 2.31%
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		380,000		387,600
9.25% due 11/01/2014		1,985,000		2,024,700
Rogers Wireless, Inc.
7.25% due 12/15/2012		550,000		582,340
9.625% due 05/01/2011		550,000		619,562
Rural Cellular Corp.
8.25% due 03/15/2012		6,645,000		6,894,188
8.621% due 06/01/2013 (b)		4,740,000		4,858,500
9.875% due 02/01/2010		2,611,000		2,728,495
True Move Company, Ltd.
10.75% due 12/16/2013		23,134,000		23,356,086
True Move Company, Ltd., Series REGS
10.75% due 12/16/2013		800,000		807,504

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cellular Communications (continued)
UBS Luxembourg SA for OJSC Vimpel
Communications, Series REGS
8.25% due 05/23/2016	$	5,587,000	$	5,726,675
				47,985,650
Chemicals - 1.52%
Equistar Chemicals LP
10.125% due 09/01/2008		268,000		276,710
10.625% due 05/01/2011		666,000		695,970
Georgia Gulf Corp.
9.50% due 10/15/2014		8,760,000		8,015,400
Huntsman International LLC
7.875% due 11/15/2014		3,360,000		3,578,400
IMC Global, Inc.
7.30% due 01/15/2028		145,000		137,750
Lyondell Chemical Company
6.875% due 06/15/2017		3,600,000		3,906,000
8.00% due 09/15/2014		1,945,000		2,139,500
8.25% due 09/15/2016		1,590,000		1,792,725
Methanex Corp.
8.75% due 08/15/2012		4,405,000		4,669,300
Montell Finance Company BV
8.10% due 03/15/2027		5,330,000		4,637,100
Westlake Chemical Corp.
6.625% due 01/15/2016		1,740,000		1,653,000
				31,501,855
Coal - 0.29%
International Coal Group, Inc.
10.25% due 07/15/2014		6,000,000		5,760,000
Peabody Energy Corp.
6.875% due 03/15/2013		310,000		313,100
				6,073,100
Commercial Services - 1.01%
DI Finance/DynCorp International LLC, Series B
9.50% due 02/15/2013		13,078,000		13,535,730
PGS Solutions, Inc.
9.625% due 02/15/2015		1,765,000		1,645,863
Rental Service Corp.
9.50% due 12/01/2014 (a)		6,065,000		5,792,075
				20,973,668
Computers & Business Equipment - 0.21%
Activant Solutions, Inc.
9.50% due 05/01/2016		4,930,000		4,338,400
Construction Materials - 0.15%
Nortek, Inc.
8.50% due 09/01/2014		3,660,000		3,175,050
Containers & Glass - 2.47%
Graham Packaging Company
8.50% due 10/15/2012		640,000		635,200
9.875% due 10/15/2014		9,395,000		9,301,050
Graphic Packaging International Corp.
9.50% due 08/15/2013 (a)		10,780,000		11,076,450
Owens-Brockway Glass Container, Inc.
8.25% due 05/15/2013		6,735,000		6,970,725

The accompanying notes are an integral part of the financial statements. 

120

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Containers & Glass (continued)
Owens-Brockway Glass Container, Inc. (continued)
8.75% due 11/15/2012	$	1,905,000	$	1,993,106
8.875% due 02/15/2009		3,200,000		3,248,000
Owens-Illinois, Inc.
7.35% due 05/15/2008		1,025,000		1,028,844
Owens-Illinois, Inc., Series 2010
7.50% due 05/15/2010		3,210,000		3,234,075
Plastipak Holdings, Inc.
8.50% due 12/15/2015		3,550,000		3,674,250
Radnor Holdings Corp.
11.00% due 03/15/2010 ^		2,275,000		2,844
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		6,745,000		6,626,962
8.375% due 07/01/2012		3,595,000		3,595,000
				51,386,506
Correctional Facilities - 0.28%
Corrections Corp. of America
6.25% due 03/15/2013		3,650,000		3,595,250
6.75% due 01/31/2014		2,225,000		2,222,219
				5,817,469
Cosmetics & Toiletries - 0.09%
Playtex Products, Inc.
9.375% due 06/01/2011		1,840,000		1,902,100
Crude Petroleum & Natural Gas - 2.03%
Chesapeake Energy Corp.
6.25% due 01/15/2018		9,415,000		9,085,475
6.50% due 08/15/2017		2,565,000		2,494,463
7.00% due 08/15/2014		1,975,000		1,987,344
7.75% due 01/15/2015		35,000		36,006
Energy Partners, Ltd.
9.75% due 04/15/2014		1,570,000		1,507,200
Mariner Energy, Inc.
7.50% due 04/15/2013		2,210,000		2,143,700
8.00% due 05/15/2017		2,360,000		2,306,900
OPTI Canada, Inc.
8.25% due 12/15/2014		4,135,000		4,166,013
PetroHawk Energy Corp.
9.125% due 07/15/2013		3,180,000		3,354,900
Petrozuata Finance, Inc.
8.22% due 04/01/2017		299,000		298,252
Petrozuata Finance, Inc., Series REGS
8.22% due 04/01/2017		1,778,000		1,760,220
8.22% due 04/01/2017		3,883,000		3,921,830
Pogo Producing Company
6.875% due 10/01/2017		2,825,000		2,839,125
7.875% due 05/01/2013		2,110,000		2,183,850
W&T Offshore, Inc.
8.25% due 06/15/2014		4,245,000		4,085,812
				42,171,090
Domestic Oil - 1.93%
Exco Resources, Inc.
7.25% due 01/15/2011		9,381,000		9,334,095
Parallel Petroleum Corp.
10.25% due 08/01/2014		4,760,000		4,831,400

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Domestic Oil (continued)
Stone Energy Corp.
8.25% due 12/15/2011	$	15,240,000	$	15,201,900
Swift Energy Company
7.625% due 07/15/2011		1,725,000		1,729,313
Whiting Petroleum Corp.
7.00% due 02/01/2014		6,915,000		6,638,400
7.25% due 05/01/2012		2,365,000		2,323,612
				40,058,720
Educational Services - 0.66%
American Achievement Corp.
8.25% due 04/01/2012		956,000		951,220
Education Management Corp.
8.75% due 06/01/2014		5,525,000		5,663,125
10.25% due 06/01/2016		6,925,000		7,167,375
				13,781,720
Electrical Utilities - 2.47%
AES China Generating Company
8.25% due 06/26/2010		115,000		112,966
AES Corp.
8.75% due 05/15/2013		465,000		486,506
8.875% due 02/15/2011		3,100,000		3,235,625
9.00% due 05/15/2015		2,650,000		2,782,500
9.375% due 09/15/2010 (a)		5,400,000		5,697,000
9.50% due 06/01/2009		995,000		1,034,800
Edison Mission Energy
7.20% due 05/15/2019		4,280,000		4,215,800
7.625% due 05/15/2027 (a)		4,220,000		4,072,300
7.75% due 06/15/2016		4,100,000		4,243,500
Midwest Generation LLC, Series B
8.56% due 01/02/2016		3,126,327		3,345,170
Mirant Americas Generation LLC
8.30% due 05/01/2011 (a)		3,316,000		3,349,160
Mirant Mid Atlantic LLC, Series B
9.125% due 06/30/2017		7,576,651		8,391,140
Mirant Mid Atlantic LLC, Series C
10.06% due 12/30/2028		545,605		649,270
Orion Power Holdings, Inc.
12.00% due 05/01/2010		7,695,000		8,426,025
TECO Energy, Inc.
7.00% due 05/01/2012		25,000		25,934
TXU Corp., Series Q
6.50% due 11/15/2024		1,500,000		1,202,250
				51,269,946
Electronics - 0.49%
L-3 Communications Corp.
7.625% due 06/15/2012 (a)		3,500,000		3,578,750
L-3 Communications Corp., Series B
6.375% due 10/15/2015		6,752,000		6,633,840
				10,212,590
Energy - 2.46%
Dynegy Holdings, Inc.
7.75% due 06/01/2019		12,330,000		11,790,563
Mirant North America LLC
7.375% due 12/31/2013		4,500,000		4,567,500

The accompanying notes are an integral part of the financial statements. 

121

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued (showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
NRG Energy, Inc.
7.25% due 02/01/2014	$	5,045,000	$	5,057,612
7.375% due 02/01/2016		14,970,000		15,007,425
7.375% due 01/15/2017		3,885,000		3,885,000
Sonat, Inc.
7.625% due 07/15/2011		4,350,000		4,501,919
VeraSun Energy Corp.
9.375% due 06/01/2017		7,405,000		6,368,300
				51,178,319
Financial Services - 5.34%
AmeriCredit Corp.
8.50% due 07/01/2015		6,665,000		5,898,525
Dow Jones CDX NA HY, Series 8-Tranche 1
7.625% due 06/29/2012		3,500,000		3,381,875
E*Trade Financial Corp.
7.375% due 09/15/2013		4,336,000		4,054,160
7.875% due 12/01/2015 (a)		2,065,000		1,910,125
El Paso Performance-Linked Trust
7.75% due 07/15/2011		2,845,000		2,922,640
Ford Motor Credit Company
7.00% due 10/01/2013		7,290,000		6,587,973
8.00% due 12/15/2016		3,780,000		3,536,209
8.11% due 01/13/2012 (b)		1,840,000		1,738,634
9.875% due 08/10/2011		350,000		354,504
10.9444% due 06/15/2011 (b)		8,957,000		9,138,970
General Motors Acceptance Corp.
6.875% due 08/28/2012		4,745,000		4,450,734
8.00% due 11/01/2031		27,645,000		27,122,012
Hexion U.S. Finance Corp/Hexion Nova Scotia
Finance ULC
10.0575% due 11/15/2014 (b)		2,791,000		2,874,730
JSG Funding PLC
7.75% due 04/01/2015		3,405,000		3,319,875
LaBranche & Company, Inc.
11.00% due 05/15/2012		2,780,000		2,786,950
Leucadia National Corp.
8.125% due 09/15/2015		6,510,000		6,550,688
Lukoil International Finance BV, Series REGS
6.356% due 06/07/2017		3,860,000		3,673,948
6.656% due 06/07/2022		1,467,000		1,381,621
Nell AF SARL
8.375% due 08/15/2015		5,780,000		5,274,250
Residential Capital Corp.
6.375% due 06/30/2010		4,020,000		3,336,600
9.19% due 04/17/2009 (b)		2,970,000		2,079,000
Residential Capital LLC
6.50% due 06/01/2012		5,295,000		4,288,950
TNK-BP Finance SA
6.625% due 03/20/2017		550,000		512,215
7.50% due 07/18/2016		1,240,000		1,231,444
TNK-BP Finance SA, Series REGS
6.625% due 03/20/2017		2,683,000		2,520,678
				110,927,310

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Food & Beverages - 0.66%
Del Monte Corp.
6.75% due 02/15/2015	$	6,175,000	$	5,928,000
Dole Food Company, Inc.
7.25% due 06/15/2010 (a)		1,944,000		1,837,080
8.625% due 05/01/2009		1,200,000		1,203,000
8.75% due 07/15/2013		1,950,000		1,901,250
8.875% due 03/15/2011 (a)		2,991,000		2,916,225
				13,785,555
Funeral Services - 0.25%
Service Corp. International
6.75% due 04/01/2016		810,000		784,687
7.50% due 04/01/2027		1,960,000		1,832,600
7.625% due 10/01/2018		1,690,000		1,753,375
7.875% due 02/01/2013		900,000		928,193
				5,298,855
Furniture & Fixtures - 0.58%
Norcraft Companies LP
9.00% due 11/01/2011		6,490,000		6,522,450
Norcraft Holdings Capital
zero coupon, Step up to 9.75% on
09/01/2008 due 09/01/2012		6,150,000		5,504,250
				12,026,700
Gas & Pipeline Utilities - 2.05%
Dynegy-Roseton Danskammer, Series B
7.67% due 11/08/2016		1,900,000		1,909,500
El Paso Corp.
7.00% due 06/15/2017		500,000		507,692
7.375% due 12/15/2012		2,000,000		2,064,000
7.75% due 01/15/2032		2,885,000		2,929,550
7.80% due 08/01/2031 (a)		5,600,000		5,685,590
7.875% due 06/15/2012 (a)		5,550,000		5,804,534
El Paso Natural Gas
7.50% due 11/15/2026		70,000		74,123
Northwest Pipeline Corp.
7.00% due 06/15/2016		3,000,000		3,116,250
Southern Natural Gas Company
8.00% due 03/01/2032		870,000		983,478
Transcontinental Gas Pipe Line Corp.
8.875% due 07/15/2012		4,400,000		4,895,000
Williams Companies, Inc.
7.125% due 09/01/2011		255,000		264,244
7.625% due 07/15/2019		575,000		615,969
7.875% due 09/01/2021		2,505,000		2,724,187
8.125% due 03/15/2012		615,000		662,663
8.75% due 03/15/2032		8,855,000		10,194,319
Williams Companies, Inc., Series A
7.50% due 01/15/2031		190,000		197,125
				42,628,224
Healthcare Products - 1.04%
Advanced Medical Optics, Inc.
7.50% due 05/01/2017		3,585,000		3,298,200
Leiner Health Products, Inc.
11.00% due 06/01/2012		17,245,000		14,485,800

The accompanying notes are an integral part of the financial statements. 

122

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Products (continued)
Universal Hospital Services, Inc.
8.7594% due 06/01/2015 (b)	$	1,650,000	$	1,641,750
Universal Hospital Services, Inc., PIK
8.50% due 06/01/2015		2,305,000		2,281,950
				21,707,700
Healthcare Services - 1.44%
DaVita, Inc.
6.625% due 03/15/2013		535,000		530,988
7.25% due 03/15/2015		7,570,000		7,588,925
U.S. Oncology Holdings, Inc., PIK
10.7594% due 03/15/2012 (b)		8,545,000		7,605,050
Vanguard Health Holding Company I LLC
zero coupon, Step up to 11.25% on
10/01/2009 due 10/01/2015		4,805,000		3,591,737
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014		10,955,000		10,626,350
				29,943,050
Holdings Companies/Conglomerates - 0.23%
Ashtead Capital, Inc.
9.00% due 08/15/2016		4,920,000		4,852,350
Homebuilders - 0.53%
K Hovnanian Enterprises, Inc.
6.25% due 01/15/2016		280,000		215,600
8.625% due 01/15/2017 (a)		7,175,000		5,919,375
KB Home
7.75% due 02/01/2010		5,018,000		4,754,555
Toll Corp.
8.25% due 12/01/2011		65,000		63,131
				10,952,661
Hotels & Restaurants - 1.00%
Buffets, Inc.
12.50% due 11/01/2014		7,765,000		5,435,500
CCM Merger, Inc.
8.00% due 08/01/2013		4,205,000		4,099,875
Denny's Corp.
10.00% due 10/01/2012		730,000		753,725
El Pollo Loco, Inc.
11.75% due 11/15/2013		3,900,000		4,017,000
OSI Restaurant Partners, Inc.
10.00% due 05/15/2015		3,350,000		2,964,750
Sbarro, Inc.
10.375% due 02/01/2015		3,855,000		3,508,050
				20,778,900
Household Products - 0.31%
Jarden Corp.
7.50% due 05/01/2017		5,575,000		5,393,813
Yankee Acquisition Corp., Series B
9.75% due 02/15/2017		1,085,000		1,025,325
				6,419,138
Industrial Machinery - 0.53%
H&E Equipment Services, Inc.
8.375% due 07/15/2016		11,325,000		11,041,875

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance - 0.15%
Crum & Forster Holdings Corp.
7.75% due 05/01/2017	$	3,200,000	$	3,040,000
International Oil - 1.65%
Corral Finans AB, PIK
10.36% due 04/15/2010 (b)		4,894,323		4,649,607
Gaz Capital for Gazprom
6.212% due 11/22/2016		1,480,000		1,466,976
6.51% due 03/07/2022		3,710,000		3,672,529
Gaz Capital for Gazprom, Series REGs
6.51% due 03/07/2022		1,827,000		1,805,076
Gazprom OAO, Series A6
zero coupon, Step up to 14.00% on
08/06/2009 due 08/06/2009		49,800,000		1,985,319
OAO Gazprom, Series A7
6.79% due 10/29/2009		123,670,000		4,863,171
OAO Gazprom, Series A8
7.00% due 10/27/2011		41,220,000		1,639,130
Pemex Project Funding Master Trust
6.625% due 06/15/2035		3,650,000		3,761,237
9.125% due 10/13/2010		1,150,000		1,271,325
Petroplus Finance, Ltd.
6.75% due 05/01/2014		2,170,000		2,083,200
7.00% due 05/01/2017		3,970,000		3,771,500
Western Oil Sands, Inc.
8.375% due 05/01/2012		3,000,000		3,311,250
				34,280,320
Leisure Time - 3.90%
AMC Entertainment, Inc.
11.00% due 02/01/2016		1,568,000		1,669,920
Boyd Gaming Corp.
6.75% due 04/15/2014		6,875,000		6,737,500
7.75% due 12/15/2012 (a)		220,000		226,050
Caesars Entertainment, Inc.
7.00% due 04/15/2013		1,940,000		2,022,450
Choctaw Resort Development Enterprise
7.25% due 11/15/2019		2,940,000		2,892,225
Downstream Development Authority of the Quapaw
Tribe of Oklahoma
12.00% due 10/15/2015		2,910,000		2,837,250
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015		3,790,000		3,553,125
Herbst Gaming, Inc.
7.00% due 11/15/2014		175,000		143,500
8.125% due 06/01/2012		3,700,000		3,316,125
Inn of the Mountain Gods Resort & Casino
12.00% due 11/15/2010		6,308,000		6,654,940
Las Vegas Sands Corp.
6.375% due 02/15/2015		3,900,000		3,773,250
Mandalay Resort Group
7.625% due 07/15/2013		1,000,000		982,500
MGM Mirage, Inc.
5.875% due 02/27/2014		1,025,000		944,281
6.625% due 07/15/2015		245,000		232,444
6.75% due 09/01/2012		2,085,000		2,051,119
7.50% due 06/01/2016		1,120,000		1,113,000

The accompanying notes are an integral part of the financial statements. 

123

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
MGM Mirage, Inc. (continued)
7.625% due 01/15/2017	$	4,180,000	$	4,138,200
8.375% due 02/01/2011		3,850,000		4,013,625
Mohegan Tribal Gaming Authority
7.125% due 08/15/2014		3,415,000		3,423,537
Park Place Entertainment Corp.
7.875% due 03/15/2010		2,510,000		2,560,200
8.125% due 05/15/2011		10,000		10,200
8.875% due 09/15/2008		350,000		357,438
Pinnacle Entertainment, Inc.
8.25% due 03/15/2012		1,975,000		1,999,688
8.75% due 10/01/2013		4,750,000		4,892,500
River Rock Entertainment Authority
9.75% due 11/01/2011		580,000		598,850
Seneca Gaming Corp.
7.25% due 05/01/2012		3,005,000		3,027,537
Snoqualmie Entertainment Authority
9.0625% due 02/01/2014 (b)		1,450,000		1,410,125
9.125% due 02/01/2015		1,295,000		1,275,575
Station Casinos, Inc.
6.00% due 04/01/2012		400,000		380,000
6.50% due 02/01/2014		2,340,000		2,059,200
6.625% due 03/15/2018		2,517,000		2,107,987
6.875% due 03/01/2016		730,000		635,100
7.75% due 08/15/2016		4,958,000		4,908,420
Warner Music Group
7.375% due 04/15/2014		4,640,000		4,036,800
				80,984,661
Liquor - 0.19%
Constellation Brands, Inc.
7.25% due 09/01/2016		3,925,000		3,925,000
Manufacturing - 0.21%
Koppers, Inc.
9.875% due 10/15/2013		4,220,000		4,462,650
Medical-Hospitals - 3.51%
Community Health Systems, Inc.
8.875% due 07/15/2015		9,695,000		9,961,612
HCA, Inc.
5.75% due 03/15/2014 (a)		210,000		176,137
6.25% due 02/15/2013		40,000		35,400
6.375% due 01/15/2015		6,845,000		5,835,363
7.50% due 12/15/2023		2,950,000		2,407,044
7.69% due 06/15/2025		320,000		262,827
8.75% due 09/01/2010		2,840,000		2,875,500
9.25% due 11/15/2016		5,900,000		6,268,750
9.625% due 11/15/2016		20,200,000		21,563,500
Tenet Healthcare Corp.
6.375% due 12/01/2011		5,010,000		4,383,750
6.50% due 06/01/2012		1,780,000		1,508,550
7.375% due 02/01/2013		4,599,000		3,897,652
9.25% due 02/01/2015		3,966,000		3,499,995
9.875% due 07/01/2014		11,335,000		10,371,525
				73,047,605

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Mining - 2.07%
Freeport-McMoRan Copper & Gold, Inc.
8.375% due 04/01/2017	$	23,960,000	$	26,176,300
Noranda Aluminium Holding Corp., PIK
11.1459% due 11/15/2014 (b)		6,390,000		5,942,700
Vale Overseas, Ltd.
6.875% due 11/21/2036		9,020,000		9,293,008
8.25% due 01/17/2034		1,347,000		1,594,219
				43,006,227
Office Furnishings & Supplies - 0.18%
Interface, Inc.
9.50% due 02/01/2014		1,275,000		1,332,375
10.375% due 02/01/2010		2,225,000		2,347,375
				3,679,750
Paper - 1.86%
Abitibi-Consolidated, Inc.
6.00% due 06/20/2013		7,351,000		5,145,700
7.40% due 04/01/2018		5,945,000		4,042,600
7.75% due 06/15/2011		2,210,000		1,701,700
8.375% due 04/01/2015		1,650,000		1,200,375
8.55% due 08/01/2010		375,000		309,375
8.85% due 08/01/2030 (a)		665,000		458,850
Appleton Papers, Inc.
8.125% due 06/15/2011		3,775,000		3,727,812
Appleton Papers, Inc., Series B
9.75% due 06/15/2014		5,190,000		5,177,025
NewPage Corp.
11.6063% due 05/01/2012 (b)		10,625,000		11,421,875
12.00% due 05/01/2013		1,495,000		1,603,387
Smurfit Capital Funding PLC
7.50% due 11/20/2025		1,945,000		1,867,200
Verso Paper Holdings LLC and Verson Paper Inc.,
Series B
11.375% due 08/01/2016		1,075,000		1,131,438
Verso Paper, Inc., Series B
9.125% due 08/01/2014		935,000		963,050
				38,750,387
Petroleum Services - 1.51%
Belden & Blake Corp.
8.75% due 07/15/2012		8,215,000		8,358,762
Compagnie Generale de Geophysique SA
7.50% due 05/15/2015		1,480,000		1,524,400
Complete Production Services, Inc.
8.00% due 12/15/2016		5,860,000		5,794,075
Enterprise Products Operating LP
7.034% due 01/15/2068 (b)		1,825,000		1,671,762
8.375% due 08/01/2066 (b)		3,670,000		3,771,850
Pride International, Inc.
7.375% due 07/15/2014		1,680,000		1,722,000
SemGroup LP
8.75% due 11/15/2015		8,430,000		8,240,325
SESI LLC
6.875% due 06/01/2014		255,000		247,350
				31,330,524

The accompanying notes are an integral part of the financial statements. 

124

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Plastics - 0.18%
Milacron Escrow Corp.
11.50% due 05/15/2011	$	3,960,000	$	3,722,400
Publishing - 1.62%
Dex Media East LLC
12.125% due 11/15/2012		881,000		940,467
Dex Media West LLC
8.50% due 08/15/2010		300,000		308,250
9.875% due 08/15/2013		1,166,000		1,240,332
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		5,260,000		4,944,400
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		7,305,000		6,866,700
8.00% due 11/15/2013		180,000		181,350
Idearc, Inc.
8.00% due 11/15/2016		6,630,000		6,613,425
Sun Media Corp.
7.625% due 02/15/2013		405,000		397,913
TL Acquisitions, Inc.
10.50% due 01/15/2015		7,620,000		7,524,750
13.25% due 07/15/2015 (a)(b)		5,760,000		4,665,600
				33,683,187
Railroads & Equipment - 0.75%
American Railcar Industries, Inc.
7.50% due 03/01/2014		2,090,000		2,079,550
Grupo Transportacion Ferroviaria Mexicana,
SA de CV
9.375% due 05/01/2012		7,740,000		8,107,650
Kansas City Southern de Mexico SA de CV
7.375% due 06/01/2014		2,570,000		2,512,175
7.625% due 12/01/2013		1,565,000		1,533,700
Kansas City Southern Railway Company
7.50% due 06/15/2009 (a)		1,360,000		1,375,300
				15,608,375
Real Estate - 1.57%
Ashton Woods USA
9.50% due 10/01/2015		3,600,000		2,844,000
Forest City Enterprises
7.625% due 06/01/2015		197,000		185,672
Host Marriott LP, REIT
6.375% due 03/15/2015		4,280,000		4,183,700
7.125% due 11/01/2013 (a)		6,090,000		6,135,675
Kimball Hill, Inc.
10.50% due 12/15/2012		1,693,000		1,168,170
Realogy Corp.
12.375% due 04/15/2015		15,585,000		11,766,675
Ventas Realty LP/Ventas Capital Corp., REIT
6.50% due 06/01/2016		1,580,000		1,556,300
6.75% due 04/01/2017		4,860,000		4,847,850
				32,688,042
Retail - 0.92%
Eye Care Centers of America
10.75% due 02/15/2015		2,302,000		2,451,630

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Retail (continued)
Michaels Stores, Inc.
10.00% due 11/01/2014	$	3,940,000	$	4,038,500
Suburban Propane Partners LP
6.875% due 12/15/2013		12,900,000		12,577,500
				19,067,630
Retail Grocery - 0.25%
Delhaize America, Inc.
9.00% due 04/15/2031		4,291,000		5,111,770
Retail Trade - 1.68%
American Greetings Corp.
7.375% due 06/01/2016		490,000		475,300
Blockbuster, Inc.
9.00% due 09/01/2012		6,245,000		5,620,500
Dollar General Corp.
10.625% due 07/15/2015 (a)		7,025,000		6,603,500
Dollar General Corp., PIK
11.875% due 07/15/2017		7,300,000		6,716,000
FTD, Inc.
7.75% due 02/15/2014		2,245,000		2,132,750
Neiman Marcus Group, Inc.
10.375% due 10/15/2015		7,975,000		8,692,750
Neiman Marcus Group, Inc., PIK
9.00% due 10/15/2015		4,429,000		4,716,885
				34,957,685
Sanitary Services - 0.46%
Allied Waste North America, Inc.
6.375% due 04/15/2011		950,000		952,375
6.875% due 06/01/2017		4,350,000		4,371,750
7.25% due 03/15/2015		4,205,000		4,289,100
				9,613,225
Semiconductors - 0.54%
Freescale Semiconductor, Inc.
8.875% due 12/15/2014		5,520,000		5,326,800
NXP BV / NXP Funding LLC
7.875% due 10/15/2014		3,625,000		3,489,062
9.50% due 10/15/2015		2,560,000		2,387,200
				11,203,062
Steel - 0.93%
Metals USA Holdings Corp., PIK
11.36% due 07/01/2012		4,780,000		4,493,200
Metals USA, Inc.
11.125% due 12/01/2015		8,680,000		9,244,200
Tube City IMS Corp.
9.75% due 02/01/2015		5,635,000		5,508,213
				19,245,613
Telecommunications Equipment &
Services - 4.55%
American Tower Corp.
7.00% due 10/15/2017		4,800,000		4,830,000
Axtel SAB de CV
7.625% due 02/01/2017		9,120,000		8,983,200
Axtel SAB de CV, Series REGS
7.625% due 02/01/2017		430,000		427,850

The accompanying notes are an integral part of the financial statements. 

125

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services (continued)
Citizens Communications Company
7.05% due 10/01/2046	$	1,375,000	$	1,124,063
7.875% due 01/15/2027		5,540,000		5,401,500
9.25% due 05/15/2011		550,000		596,750
Globo Comunicacoes e Participacoes SA
7.25% due 04/26/2022		4,871,000		4,724,870
Hawaiian Telcom Communications, Inc., Series B
12.50% due 05/01/2015 (a)		6,650,000		7,182,000
Intelsat Bermuda, Ltd.
9.25% due 06/15/2016		4,925,000		5,109,687
11.25% due 06/15/2016		13,240,000		14,183,350
iPCS, Inc.
7.4813% due 05/01/2013 (b)		4,000,000		3,880,000
Level 3 Financing, Inc.
9.15% due 02/15/2015 (b)		2,420,000		2,305,050
9.25% due 11/01/2014		10,425,000		10,268,625
PAETEC Holding Corp.
9.50% due 07/15/2015		3,950,000		3,950,000
PanAmSat Corp.
9.00% due 08/15/2014		568,000		585,040
9.00% due 06/15/2016		1,150,000		1,184,500
True Move Company, Ltd.
10.375% due 08/01/2014		2,960,000		2,958,607
United States West Communications, Inc.
6.875% due 09/15/2033 (a)		16,990,000		15,885,650
Wind Acquisition Finance SA
10.75% due 12/01/2015		910,000		1,007,825
				94,588,567
Telephone - 2.26%
Cincinnati Bell Telephone Company
6.30% due 12/01/2028		2,610,000		2,283,750
Cincinnati Bell, Inc.
7.00% due 02/15/2015		2,930,000		2,827,450
Nordic Telephone Company Holdings
8.875% due 05/01/2016		8,415,000		8,877,825
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014		7,320,000		7,411,500
Virgin Media, Inc.
9.125% due 08/15/2016		11,065,000		11,479,938
Virgin Media, Inc., Series S
8.75% due 04/15/2014		2,800,000		2,870,000
Windstream Corp.
8.625% due 08/01/2016		10,500,000		11,195,625
				46,946,088
Tobacco - 0.29%
Alliance One International, Inc.
8.50% due 05/15/2012		3,685,000		3,611,300
11.00% due 05/15/2012		2,270,000		2,411,875
				6,023,175
Transportation - 0.20%
Gulfmark Offshore, Inc.
7.75% due 07/15/2014		2,490,000		2,502,450

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Transportation (continued)
Teekay Shipping Corp.
8.875% due 07/15/2011	$	1,500,000	$	1,575,000
				4,077,450
Trucking & Freight - 0.54%
Saint Acquisition Corp.
12.50% due 05/15/2017 (a)		12,495,000		8,371,650
13.3075% due 05/15/2015 (b)		4,310,000		2,930,800
				11,302,450
TOTAL CORPORATE BONDS (Cost $1,760,230,425)			$	1,725,446,530
DEFAULTED BONDS BEYOND MATURITY
DATES - 0.29%
Argentina - 0.29%
Republic of Argentina
7.00% due 03/18/2004 ^	EUR	2,185,000,000		519,025
7.625 due 08/11/2007 ^		4,400,000,000		1,043,612
8.50% due 02/23/2005 ^		2,003,000		491,430
9.25% due 10/21/2002 ^		1,075,000		489,863
9.25% due 07/20/2004 ^		600,000		279,810
9.75% due 11/26/2003 ^		925,000		432,032
9.75% due 11/26/2003 ^		1,975,000		891,557
10.00% due 02/22/2007 ^		825,000		401,044
10.00% due 09/07/2007 ^		1,000,000		440,758
10.00% due 01/03/2007 ^		1,075,000,000		258,672
10.50% due 11/14/2002 ^		3,500,000		811,645
				6,059,448
TOTAL DEFAULTED BONDS BEYOND MATURITY DATES
(Cost $4,770,651)			$	6,059,448
COMMON STOCKS - 0.02%
Electrical Utilities - 0.00%
PNM Resources, Inc.		210		4,889
Household Products - 0.00%
Home Interiors *		8,156,736		81,567
Telecommunications Equipment &
Services - 0.02%
NEON Communications Group, Inc. *		70,306		344,498
Viatel Holding, Ltd. *		11,667		58
XO Holdings, Inc. *		5,320		18,088
				362,644
TOTAL COMMON STOCKS (Cost $8,469,581)			$	449,100
PREFERRED STOCKS - 0.11%
Cable & Television - 0.00%
ION Media Networks, Inc., Series B *		13		110,500
Crude Petroleum & Natural Gas - 0.11%
Chesapeake Energy Corp. *		7,754		2,207,021
TOTAL PREFERRED STOCKS (Cost $2,073,058)			$	2,317,521

The accompanying notes are an integral part of the financial statements. 

126

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS - 2.51%
Apparel & Textiles - 0.16%
Simmons Holdco, Inc., PIK
10.61% due 02/15/2012 (b)	$	3,500,000	$	3,272,500
Auto Services - 0.14%
Penhall Holdings, PIK
12.84% due 04/01/2012 (b)		3,000,000		2,953,125
Containers & Glass - 0.26%
Berry Plastics Group, Inc.
11.61% due 06/15/2014 (b)		5,500,000		5,381,173
Domestic Oil - 0.84%
Ashmore Energy
8.35% due 03/30/2014 (b)		4,740,000		4,645,200
Sandridge Energy
8.625% due 04/01/2015 (b)		13,000,000		12,805,000
				17,450,200
Gas & Pipeline Utilities - 0.23%
Stallion Oilfield Services
9.86% due 08/01/2012 (b)		5,000,000		4,875,000
Healthcare Services - 0.28%
Iasis Holdco, Inc., PIK
10.61% due 06/15/2014 (b)		6,159,094		5,912,730
Paper - 0.18%
Verso Paper Holdings, Inc.
11.61% due 02/01/2013 (b)		4,000,000		3,640,000
Telecommunications Equipment &
Services - 0.42%
Wind Acquisition Finance SA, PIK
12.65% due 12/21/2011 (b)		8,556,822		8,642,390
TOTAL TERM LOANS (Cost $52,923,593)			$	52,127,118
WARRANTS - 0.01%
Republic of Venezuela - 0.01%
Republic of Venezuela
(Expiration date 04/15/2020; strike
price $26.00)		346,000		128,020
TOTAL WARRANTS (Cost $107,260)			$	128,020
SHORT TERM INVESTMENTS - 4.45%
Bank Negara Malaysia Monetary Notes, Series 1807
zero coupon due 11/01/2007 to
12/06/2007	MYR	6,503,000	$	1,897,254
Bank Negara Malaysia Monetary Notes, Series 3007
zero coupon due 11/06/2007 to
12/21/2007		8,805,000		2,573,532
3.569% due 02/14/2008		9,566,000		2,858,280
Egypt Treasury Bills, Series 364
zero coupon due 10/30/2007 to
11/06/2007	EGP	101,800,000		18,074,747
John Hancock Cash Investment Trust (c)	$	67,026,934		67,026,934
TOTAL SHORT TERM INVESTMENTS
(Cost $91,869,524)			$	92,430,747

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 5.05%
Merrill Lynch Tri-Party Repurchase
Agreement dated 09/28/2007 at
4.75% to be repurchased at
$105,041,563 on 10/01/2007,
collateralized by $110,129,000
Federal National Mortgage
Association, zero coupon due
05/16/2008 (valued at
$107,100,000, including interest)	$	105,000,000	$	105,000,000
TOTAL REPURCHASE AGREEMENTS
(Cost $105,000,000)			$	105,000,000
Total Investments (High Yield Trust)
(Cost $2,133,326,940) - 100.75%			$	2,093,808,151
Liabilities in Excess of Other Assets - (0.75)%				(15,531,624)
TOTAL NET ASSETS - 100.00%			$	2,078,276,527
Income Trust
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS - 2.98%
Federal Home Loan Bank - 1.04%
5.50% due 05/01/2037 to 06/01/2037	$	2,974,854	$	2,912,933
Federal National Mortgage
Association - 1.94%
5.50% due 07/01/2037 ***		2,993,454		2,932,081
6.00% due 07/01/2037 ***		2,497,135		2,500,870
				5,432,951
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $8,243,549)			$	8,345,884
CORPORATE BONDS - 34.69%
Advertising - 0.89%
Lamar Media Corp.
6.625% due 08/15/2015		200,000		193,000
R.H. Donnelley Corp.
8.875% due 10/15/2017		800,000		812,000
R.H. Donnelley Corp., Series A-2
6.875% due 01/15/2013		500,000		472,500
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		1,000,000		1,018,750
				2,496,250
Auto Parts - 0.10%
TRW Automotive, Inc.
7.25% due 03/15/2017		300,000		292,500
Auto Services - 0.82%
Hertz Corp.
8.875% due 01/01/2014		1,250,000		1,287,500
United Rentals North America, Inc.
6.50% due 02/15/2012		1,000,000		1,012,500
				2,300,000

The accompanying notes are an integral part of the financial statements. 

127

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Automobiles - 0.71%
Ford Motor Company
7.45% due 07/16/2031	$	200,000	$	157,000
General Motors Corp.
8.375% due 07/15/2033		2,100,000		1,840,125
				1,997,125
Building Materials & Construction - 0.21%
KB Home
5.75% due 02/01/2014		700,000		591,500
Cable & Television - 3.08%
Cablevision Systems Corp., Series B
8.00% due 04/15/2012		700,000		679,000
Charter Communications Holdings I LLC
11.75% due 05/15/2014		4,000,000		3,700,000
13.50% due 01/15/2014		1,300,000		1,274,000
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		1,500,000		1,518,750
Univision Communications, Inc., PIK
9.75% due 03/15/2015		1,500,000		1,462,500
				8,634,250
Cellular Communications - 0.48%
Clear Channel Communications, Inc.
5.75% due 01/15/2013		400,000		334,792
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		1,000,000		1,020,000
				1,354,792
Chemicals - 0.48%
Ineos Group Holdings PLC
7.875% due 02/15/2016	EUR	350,000		465,284
Lyondell Chemical Company
6.875% due 06/15/2017	$	800,000		868,000
				1,333,284
Computers & Business Equipment - 0.28%
Seagate Technology HDD Holdings
6.375% due 10/01/2011		800,000		786,000
Containers & Glass - 0.07%
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		200,000		196,500
Crude Petroleum & Natural Gas - 2.10%
Chesapeake Energy Corp.
6.50% due 08/15/2017		2,000,000		1,945,000
6.875% due 11/15/2020		300,000		293,625
Mariner Energy, Inc.
7.50% due 04/15/2013		200,000		194,000
OPTI Canada, Inc.
7.875% due 12/15/2014		1,000,000		1,000,000
Plains Exploration & Production Company
7.75% due 06/15/2015		1,500,000		1,470,000
W&T Offshore, Inc.
8.25% due 06/15/2014		1,000,000		962,500
				5,865,125

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities - 0.38%
Intergen NV
9.00% due 06/30/2017	$	1,000,000	$	1,050,000
Electronics - 0.46%
L-3 Communications Corp.
5.875% due 01/15/2015		300,000		288,000
Sanmina-SCI Corp.
6.75% due 03/01/2013		200,000		172,000
8.11% due 06/15/2014 (b)		400,000		382,000
8.125% due 03/01/2016		500,000		432,500
				1,274,500
Energy - 2.17%
Callon Petroleum Company, Series B
9.75% due 12/08/2010		300,000		294,750
Dynegy Holdings, Inc.
7.75% due 06/01/2019		1,000,000		956,250
8.375% due 05/01/2016		3,500,000		3,517,500
Reliant Energy, Inc.
7.625% due 12/31/2014		900,000		906,750
7.875% due 12/31/2017		400,000		402,500
				6,077,750
Financial Services - 8.01%
E*TRADE Financial Corp.
8.00% due 06/15/2011		1,500,000		1,492,500
Ford Motor Credit Company
7.25% due 10/25/2011		1,000,000		937,114
7.375% due 10/28/2009		4,000,000		3,922,228
7.375% due 02/01/2011		2,000,000		1,916,446
7.875% due 06/15/2010		2,000,000		1,955,048
General Motors Acceptance Corp.
5.625% due 05/15/2009		2,000,000		1,947,102
6.75% due 12/01/2014		500,000		453,188
6.875% due 09/15/2011		1,200,000		1,141,997
7.75% due 01/19/2010		3,000,000		2,975,592
Lehman Brothers Holdings, Inc., Series MTN
6.20% due 09/26/2014		4,000,000		4,015,844
Residential Capital Corp.
6.375% due 06/30/2010		2,000,000		1,660,000
				22,417,059
Gas & Pipeline Utilities - 0.75%
El Paso Corp.
6.75% due 05/15/2009		1,485,000		1,496,293
7.75% due 01/15/2032		300,000		304,633
Sabine Pass LNG LP
7.50% due 11/30/2016		300,000		295,500
				2,096,426
Healthcare Products - 0.80%
Amgen, Inc.
0.375% due 02/01/2013		500,000		454,375
5.85% due 06/01/2017		1,800,000		1,782,843
				2,237,218
Healthcare Services - 1.64%
DaVita, Inc.
6.625% due 03/15/2013		1,500,000		1,488,750

The accompanying notes are an integral part of the financial statements. 

128

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Services (continued)
DaVita, Inc. (continued)
7.25% due 03/15/2015	$	1,700,000	$	1,704,250
U.S. Oncology Holdings, Inc., PIK
10.7594% due 03/15/2012 (b)		1,500,000		1,335,000
Vanguard Health Holding Company I LLC
zero coupon, Step up to 11.25% on
10/01/2009 due 10/01/2015		100,000		74,750
				4,602,750
Homebuilders - 0.27%
Beazer Homes USA, Inc.
6.875% due 07/15/2015		200,000		148,000
D.R. Horton, Inc.
6.50% due 04/15/2016		700,000		613,131
				761,131
International Oil - 0.40%
Pioneer Natural Resources Company
6.875% due 05/01/2018		1,200,000		1,126,754
Leisure Time - 0.17%
MGM Mirage, Inc.
6.75% due 04/01/2013		500,000		488,750
Manufacturing - 0.18%
Berry Plastics Corp.
6.50% due 06/15/2014		500,000		489,198
Medical-Hospitals - 3.32%
Community Health Systems, Inc.
8.875% due 07/15/2015		1,000,000		1,027,500
HCA, Inc.
6.50% due 02/15/2016		2,200,000		1,870,000
Tenet Healthcare Corp.
6.375% due 12/01/2011		5,000,000		4,375,000
9.25% due 02/01/2015		2,300,000		2,029,750
				9,302,250
Petroleum Services - 0.18%
Tesoro Corp.
6.50% due 06/01/2017		500,000		496,250
Pharmaceuticals - 0.12%
Mylan Laboratories, Inc.
6.375% due 08/15/2015		300,000		322,125
Retail Grocery - 0.37%
Smithfield Foods, Inc.
7.75% due 07/01/2017		1,000,000		1,025,000
Retail Trade - 1.46%
Dollar General Corp.
10.625% due 07/15/2015		2,500,000		2,350,000
Dollar General Corp., PIK
11.875% due 07/15/2017		2,000,000		1,740,000
				4,090,000
Sanitary Services - 1.98%
Allied Waste North America, Inc.
6.375% due 04/15/2011		500,000		501,250
6.50% due 11/15/2010		1,000,000		1,007,500

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Sanitary Services (continued)
Allied Waste North America, Inc., Series B
7.125% due 05/15/2016	$	1,000,000	$	1,022,500
7.375% due 04/15/2014		1,000,000		1,005,000
JohnsonDiversey Holdings Inc
10.67% due 05/15/2013		2,000,000		2,020,000
				5,556,250
Semiconductors - 2.10%
Flextronics International, Ltd.
6.25% due 11/15/2014		1,250,000		1,168,750
Freescale Semiconductor, Inc.
8.875% due 12/15/2014		1,500,000		1,447,500
10.125% due 12/15/2016		3,500,000		3,255,000
				5,871,250
Transportation - 0.71%
CEVA Group PLC, ADR
10.00% due 09/01/2014		2,000,000		2,000,000
TOTAL CORPORATE BONDS (Cost $97,198,438)			$	97,131,987
CONVERTIBLE BONDS - 1.08%
Pharmaceuticals - 0.35%
Schering-Plough Corp.
6.00% due 08/13/2010		3,500		969,500
Semiconductors - 0.73%
Advanced Micro Devices Inc.
5.75% due 08/15/2012		2,000,000		2,055,000
TOTAL CONVERTIBLE BONDS (Cost $2,764,633)			$	3,024,500
COMMON STOCKS - 36.75%
Banking - 3.14%
Bank of America Corp.		125,000		6,283,750
Wachovia Corp.		50,000		2,507,500
				8,791,250
Cellular Communications - 0.13%
Vodafone Group PLC		10,000		363,000
Chemicals - 1.87%
Dow Chemical Company		100,000		4,306,000
Lyondell Chemical Company		20,000		927,000
				5,233,000
Crude Petroleum & Natural Gas - 0.75%
Chesapeake Energy Corp.		60,000		2,115,600
Electrical Utilities - 4.94%
Ameren Corp.		40,000		2,100,000
Consolidated Edison, Inc.		50,000		2,315,000
FirstEnergy Corp.		10,000		633,400
PG&E Corp.		60,000		2,868,000
Pinnacle West Capital Corp.		30,000		1,185,300
Portland General Electric Company		50,000		1,390,000
Public Service Enterprise Group, Inc.		10,000		879,900
TECO Energy, Inc.		75,000		1,232,250

The accompanying notes are an integral part of the financial statements. 

129

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
The Southern Company	33,600	$	1,219,008
			13,822,858
Energy - 2.65%
Duke Energy Corp.	150,000		2,803,500
Progress Energy, Inc.	40,000		1,874,000
TXU Corp.	40,000		2,738,800
			7,416,300
Financial Services - 5.47%
CapitalSource, Inc.	60,000		1,214,400
Citigroup, Inc.	90,000		4,200,300
HSBC Holdings PLC	150,000		2,765,936
JP Morgan Chase & Company	40,000		1,832,800
Washington Mutual, Inc.	150,000		5,296,500
			15,309,936
Gas & Pipeline Utilities - 2.29%
AGL Resources, Inc.	40,000		1,584,800
Atmos Energy Corp.	40,000		1,132,800
Spectra Energy Corp.	60,800		1,488,384
Trans-Canada Corp.	60,000		2,196,657
			6,402,641
Gold - 0.21%
Barrick Gold Corp.	15,000		604,200
Healthcare Products - 2.11%
Johnson & Johnson	90,000		5,913,000
Homebuilders - 0.22%
KB Home	25,000		626,500
International Oil - 2.43%
BP PLC, ADR	20,000		1,387,000
Chevron Corp.	25,000		2,339,500
ConocoPhillips	35,000		3,071,950
			6,798,450
Investment Companies - 0.24%
Canadian Oil Sands Trust, ADR	20,000		662,551
Manufacturing - 0.50%
3M Company	15,000		1,403,700
Petroleum Services - 0.55%
Halliburton Company	40,000		1,536,000
Pharmaceuticals - 3.29%
Merck & Company, Inc.	60,000		3,101,400
Pfizer, Inc.	250,000		6,107,500
			9,208,900
Real Estate - 0.85%
iStar Financial, Inc., REIT	70,000		2,379,300
Retail Trade - 1.16%
Home Depot, Inc.	100,000		3,244,000
Semiconductors - 1.05%
Maxim Integrated Products, Inc.	100,000		2,935,000

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services - 0.63%
Verizon Communications, Inc.		40,000	$	1,771,200
Telephone - 2.11%
AT&T, Inc.		140,000		5,923,400
Trucking & Freight - 0.16%
United Parcel Service, Inc., Class B		6,000		450,600
TOTAL COMMON STOCKS (Cost $101,696,263)			$	102,911,386
PREFERRED STOCKS - 1.88%
Chemicals - 0.09%
Huntsman Corp.		5,000		247,950
Energy - 0.16%
PNM Resources, Inc.		10,000		444,500
Financial Services - 1.63%
E-Trade Financial Corp.		60,000		1,111,800
Goldman Sachs Group, Inc.		105,000		1,390,200
Lehman Brothers Holdings, Inc.		22,000		1,624,920
Morgan Stanley (c)		1,700,000		450,160
				4,577,080
TOTAL PREFERRED STOCKS (Cost $5,671,995)			$	5,269,530
TERM LOANS - 0.86%
Auto Parts - 0.86%
Allison Transmission, Inc.
8.0645% due 08/07/2014		2,500,000		2,418,750
TOTAL TERM LOANS (Cost $2,400,000)			$	2,418,750
SHORT TERM INVESTMENTS - 22.66%
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2007	$	63,435,000	$	63,435,000
TOTAL SHORT TERM INVESTMENTS
(Cost $63,435,000)			$	63,435,000
REPURCHASE AGREEMENTS - 0.58%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$1,608,549 on 10/01/2007,
collateralized by $1,600,000
Federal Home Loan Mortgage
Corp., 4.75% due 11/03/2009
(valued at $1,642,000, including
interest)	$	1,608,000	$	1,608,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,608,000)			$	1,608,000
Total Investments (Income Trust)
(Cost $283,017,878) - 101.48%			$	284,145,037
Liabilities in Excess of Other Assets - (1.48)%				(4,139,569)
TOTAL NET ASSETS - 100.00%			$	280,005,468

The accompanying notes are an integral part of the financial statements. 

130

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 67.22%
Advertising - 0.34%
Getty Images, Inc. *	21,100	$	587,424
Omnicom Group, Inc.	26,600		1,279,194
			1,866,618
Aerospace - 1.07%
Alliant Techsystems, Inc. *	500		54,650
Boeing Company	19,600		2,057,804
United Technologies Corp.	45,700		3,677,936
			5,790,390
Aluminum - 0.15%
Alcoa, Inc.	20,400		798,048
Apparel & Textiles - 0.47%
Coach, Inc. *	14,800		699,596
Hanesbrands, Inc. *	65,112		1,827,043
			2,526,639
Auto Parts - 0.32%
Johnson Controls, Inc.	14,500		1,712,595
Automobiles - 0.68%
Ford Motor Company *	247,000		2,097,030
General Motors Corp.	43,600		1,600,120
			3,697,150
Banking - 2.53%
Commerce Bancorp, Inc.	16,700		647,626
Fifth Third Bancorp	48,800		1,653,344
Hudson City Bancorp, Inc.	188,400		2,897,592
SunTrust Banks, Inc.	18,400		1,392,328
Wachovia Corp.	141,730		7,107,760
			13,698,650
Biotechnology - 1.18%
Genentech, Inc. *	59,400		4,634,388
Millennium Pharmaceuticals, Inc. *	175,700		1,783,355
			6,417,743
Broadcasting - 0.35%
CBS Corp., Class B	59,600		1,877,400
Citadel Broadcasting Corp.	8,140		33,862
			1,911,262
Building Materials & Construction - 0.18%
American Standard Companies, Inc.	26,800		954,616
Business Services - 1.38%
Affiliated Computer Services, Inc., Class A *	16,700		839,008
Fluor Corp.	32,900		4,736,942
Moody's Corp.	15,500		781,200
Paychex, Inc.	28,000		1,148,000
			7,505,150
Cable & Television - 1.10%
Comcast Corp., Class A *	52,650		1,273,077
Time Warner Cable, Inc. *	17,200		564,160
Time Warner Telecom, Inc., Class A *	98,300		2,159,651
Time Warner, Inc.	61,200		1,123,632

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cable & Television (continued)
Viacom, Inc., Class B *	21,550	$	839,803
			5,960,323
Chemicals - 0.63%
Potash Corp. of Saskatchewan, Inc.	32,400		3,424,680
Coal - 0.27%
Arch Coal, Inc.	43,700		1,474,438
Computers & Business Equipment - 5.24%
Brocade Communications Systems, Inc. *	263,000		2,251,280
Cisco Systems, Inc. *	312,800		10,356,808
Cognizant Technology Solutions Corp.,
Class A *	7,800		622,206
Dell, Inc. *	106,500		2,939,400
Hewlett-Packard Company	25,700		1,279,603
SanDisk Corp. *	112,900		6,220,790
Seagate Technology	136,300		3,486,554
Sun Microsystems, Inc. *	222,300		1,247,103
			28,403,744
Cosmetics & Toiletries - 0.03%
Estee Lauder Companies, Inc., Class A	3,600		152,856
Crude Petroleum & Natural Gas - 0.10%
EOG Resources, Inc.	7,700		556,941
Drugs & Health Care - 0.77%
ImClone Systems, Inc. *	71,100		2,939,274
Wyeth	27,400		1,220,670
			4,159,944
Electrical Equipment - 0.39%
Cooper Industries, Ltd., Class A	21,200		1,083,108
Emerson Electric Company	19,800		1,053,756
			2,136,864
Electrical Utilities - 0.86%
CMS Energy Corp.	68,600		1,153,852
Edison International	41,400		2,295,630
Pinnacle West Capital Corp.	15,000		592,650
The AES Corp. *	31,300		627,252
			4,669,384
Electronics - 0.85%
Agilent Technologies, Inc. *	26,400		973,632
Flextronics International, Ltd. *	120,500		1,347,190
Jabil Circuit, Inc.	99,000		2,261,160
			4,581,982
Financial Services - 6.00%
American Capital Strategies, Ltd.	29,700		1,269,081
AmeriCredit Corp. *	35,000		615,300
Capital One Financial Corp.	20,900		1,388,387
Federal Home Loan Mortgage Corp.	21,500		1,268,715
Federal National Mortgage Association	39,300		2,389,833
Goldman Sachs Group, Inc.	11,670		2,529,356
IndyMac Bancorp, Inc. (a)	65,600		1,548,816
JP Morgan Chase & Company	126,416		5,792,381

The accompanying notes are an integral part of the financial statements. 

131

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Lehman Brothers Holdings, Inc.	26,000	$	1,604,980
SLM Corp.	72,600		3,606,042
Washington Mutual, Inc.	204,900		7,235,019
Wells Fargo & Company	92,700		3,301,974
			32,549,884
Food & Beverages - 3.16%
Kraft Foods, Inc., Class A	81,389		2,808,734
PepsiCo, Inc.	78,000		5,714,280
Sara Lee Corp.	238,700		3,983,903
Sysco Corp.	16,400		583,676
The Coca-Cola Company	39,800		2,287,306
Unilever NV	57,500		1,773,875
			17,151,774
Furniture & Fixtures - 0.15%
Leggett & Platt, Inc.	41,700		798,972
Gold - 0.46%
Barrick Gold Corp.	62,400		2,513,472
Healthcare Products - 1.40%
Baxter International, Inc.	90,000		5,065,200
Medtronic, Inc.	45,200		2,549,732
			7,614,932
Healthcare Services - 1.37%
Cerner Corp. *	16,600		992,846
DaVita, Inc. *	38,850		2,454,543
UnitedHealth Group, Inc.	81,900		3,966,417
			7,413,806
Holdings Companies/Conglomerates - 2.17%
Berkshire Hathaway, Inc., Class A *	14		1,659,140
General Electric Company	243,800		10,093,320
			11,752,460
Homebuilders - 0.08%
Lennar Corp., Class A	18,300		414,495
Hotels & Restaurants - 0.68%
McDonald's Corp.	19,000		1,034,930
Starbucks Corp. *	62,200		1,629,640
Starwood Hotels & Resorts Worldwide, Inc.	16,600		1,008,450
			3,673,020
Household Products - 0.20%
Energizer Holdings, Inc. *	7,000		775,950
Jarden Corp. *	10,100		312,494
			1,088,444
Industrial Machinery - 0.13%
Caterpillar, Inc.	8,900		698,027
Insurance - 2.90%
AFLAC, Inc.	18,800		1,072,352
Ambac Financial Group, Inc.	44,500		2,799,495
American International Group, Inc.	61,375		4,152,019
Marsh & McLennan Companies, Inc.	109,800		2,799,900
MBIA, Inc.	32,000		1,953,600

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Progressive Corp.	43,600	$	846,276
RenaissanceRe Holdings, Ltd.	20,400		1,334,364
XL Capital, Ltd., Class A	9,700		768,240
			15,726,246
International Oil - 2.89%
Anadarko Petroleum Corp.	9,300		499,875
Chevron Corp.	14,855		1,390,131
ConocoPhillips	13,600		1,193,672
Exxon Mobil Corp.	25,100		2,323,256
Royal Dutch Shell PLC, ADR, Class B	10,695		878,059
Royal Dutch Shell PLC, ADR	77,100		6,336,078
Weatherford International, Ltd. *	45,600		3,063,408
			15,684,479
Internet Content - 2.20%
Google, Inc., Class A *	16,300		9,246,501
Yahoo!, Inc. *	100,100		2,686,684
			11,933,185
Internet Retail - 0.78%
eBay, Inc. *	108,400		4,229,768
Leisure Time - 1.26%
Carnival Corp.	13,300		644,119
Las Vegas Sands Corp. *	19,100		2,548,322
Walt Disney Company	106,000		3,645,340
			6,837,781
Liquor - 0.07%
Anheuser-Busch Companies, Inc.	7,600		379,924
Manufacturing - 1.46%
Danaher Corp.	29,100		2,406,861
Illinois Tool Works, Inc.	71,200		4,246,368
Siemens AG SADR	9,400		1,290,150
			7,943,379
Mining - 0.43%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	9,200		964,988
Newmont Mining Corp.	31,100		1,391,103
			2,356,091
Petroleum Services - 1.99%
Baker Hughes, Inc.	29,300		2,647,841
BJ Services Company	80,300		2,131,965
Schlumberger, Ltd.	57,100		5,995,500
			10,775,306
Pharmaceuticals - 4.10%
Allergan, Inc.	43,900		2,830,233
AstraZeneca PLC, SADR	100,900		5,052,063
Bristol-Myers Squibb Company	62,500		1,801,250
Forest Laboratories, Inc. *	109,700		4,090,713
Pfizer, Inc.	102,800		2,511,404
Sanofi-Aventis, ADR	63,700		2,702,154
Sepracor, Inc. *	41,100		1,130,250

The accompanying notes are an integral part of the financial statements. 

132

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Teva Pharmaceutical Industries, Ltd., SADR	47,100	$	2,094,537
			22,212,604
Real Estate - 0.15%
Douglas Emmett, Inc., REIT	22,000		544,060
Host Hotels & Resorts, Inc., REIT	12,866		288,713
			832,773
Retail Trade - 3.66%
Best Buy Company, Inc.	72,700		3,345,654
Costco Wholesale Corp.	9,400		576,878
Home Depot, Inc.	49,800		1,615,512
Lowe's Companies, Inc.	202,000		5,660,040
Target Corp.	123,800		7,869,966
Urban Outfitters, Inc. *	37,100		808,780
			19,876,830
Semiconductors - 3.66%
Altera Corp.	65,200		1,570,016
Applied Materials, Inc.	226,000		4,678,200
Intel Corp.	125,900		3,255,774
KLA-Tencor Corp.	77,400		4,317,372
Lam Research Corp. *	17,200		916,072
Micron Technology, Inc. *	98,300		1,091,130
Qimonda AG, SADR *	68,100		769,530
Silicon Laboratories, Inc. *	21,000		876,960
Xilinx, Inc.	90,900		2,376,126
			19,851,180
Software - 2.27%
Microsoft Corp.	300,080		8,840,357
NAVTEQ Corp. *	10,300		803,091
SAP AG, SADR (a)	29,400		1,724,898
VeriFone Holdings, Inc. *	21,500		953,095
			12,321,441
Steel - 0.10%
Allegheny Technologies, Inc.	5,100		560,745
Telecommunications Equipment &
Services - 1.92%
American Tower Corp., Class A *	27,900		1,214,766
Corning, Inc.	45,600		1,124,040
Level 3 Communications, Inc. *	451,100		2,097,615
Polycom, Inc. *	28,600		768,196
QUALCOMM, Inc.	99,100		4,187,966
Verizon Communications, Inc.	23,100		1,022,868
			10,415,451
Telephone - 0.55%
AT&T, Inc.	71,000		3,004,010
Tobacco - 0.80%
Altria Group, Inc.	62,700		4,359,531
Trucking & Freight - 1.34%
FedEx Corp.	12,500		1,309,375

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Trucking & Freight (continued)
United Parcel Service, Inc., Class B	79,300	$	5,955,430
			7,264,805
TOTAL COMMON STOCKS (Cost $301,866,124)		$	364,634,832
PREFERRED STOCKS - 0.05%
Financial Services - 0.05%
Mitsubishi UFJ Financial Group, Inc., Capital
Finance 1, Ltd. * (b)	250,000		237,642
TOTAL PREFERRED STOCKS (Cost $241,853)		$	237,642
U.S. TREASURY OBLIGATIONS - 0.91%
Treasury Inflation Protected
Securities (d) - 0.17%
2.00% due 04/15/2012	256,628		254,763
3.00% due 07/15/2012	637,181		663,165
			917,928
U.S. Treasury Bonds - 0.34%
7.875% due 02/15/2021	75,000		97,301
8.875% due 08/15/2017	75,000		99,937
4.50% due 02/15/2036	210,000		199,090
5.00% due 05/15/2037	905,000		928,332
5.25% due 02/15/2029	150,000		157,219
6.25% due 08/15/2023	295,000		338,904
			1,820,783
U.S. Treasury Notes - 0.40%
3.625% due 06/15/2010 to 05/15/2013	530,000		519,774
3.875% due 02/15/2013	935,000		919,441
4.875% due 04/30/2011	470,000		482,154
5.625% due 05/15/2008	275,000		277,449
			2,198,818
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $4,866,245)		$	4,937,529
U.S. GOVERNMENT AGENCY OBLIGATIONS - 7.64%
Federal Agricultural Mortgage Corp. - 0.16%
5.50% due 07/15/2011	250,000		257,593
5.125% due 03/30/2011	605,000		617,691
			875,284
Federal Home Loan Bank - 0.81%
3.25% due 12/17/2007	1,015,000		1,011,360
4.39% due 03/12/2008 (b)	915,000		915,024
5.125% due 08/14/2013	1,450,000		1,478,755
5.625% due 06/13/2016	980,000		1,009,483
			4,414,622
Federal Home Loan Mortgage Corp. - 0.85%
5.50% due 02/01/2018 to 01/01/2034	1,949,651		1,914,532
5.75% due 06/27/2016	400,000		416,331
6.00% due 04/01/2016 to 08/01/2037	1,964,248		1,972,794
6.414% due 02/01/2037	310,094		315,388
			4,619,045

The accompanying notes are an integral part of the financial statements. 

133

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association - 5.82%
3.50% due 02/17/2009 (b)	$	1,000,000	$	981,240
5.00% due 12/01/2017 to 03/01/2037		4,629,386		4,421,859
5.25% due 08/01/2012		3,175,000		3,239,799
5.50% due 09/01/2034 to 05/25/2037		18,144,203		17,793,067
6.00% due 06/01/2021 to 03/01/2037		1,580,152		1,582,338
6.25% due 05/15/2029		525,000		589,425
6.50% IO due 08/01/2037		1,338,426		1,352,811
6.625% due 09/15/2009		465,000		484,224
7.00% due 03/01/2037		931,179		949,802
7.50% due 09/01/2029 to 10/01/2031		139,444		146,091
				31,540,656
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $41,505,968)			$	41,449,607
FOREIGN GOVERNMENT OBLIGATIONS - 3.59%
Argentina - 0.06%
Republic of Argentina
0.6245% due 12/15/2035 (b)		2,383,000		309,790
Australia - 0.08%
Commonwealth of Australia
6.00% due 10/14/2015	AUD	520,000		443,110
Brazil - 0.10%
Federative Republic of Brazil
10.25% due 01/10/2028	BRL	975,000		551,687
Canada - 0.14%
Government of Canada
4.50% due 06/01/2015	CAD	365,000		370,628
5.20% due 02/21/2017	$	380,000		382,530
				753,158
Colombia - 0.19%
Republic of Colombia
7.375% due 01/27/2017		100,000		108,750
7.375% due 09/18/2037		450,000		495,000
10.00% due 01/23/2012		140,000		162,750
12.00% due 10/22/2015	COP	506,000,000		282,029
				1,048,529
Dominican Republic - 0.06%
Government of Dominican Republic
8.625% due 04/20/2027	$	100,000		112,500
9.04% due 01/23/2018		185,806		208,753
				321,253
Finland - 0.14%
Republic of Finland
5.75% due 02/23/2011	EUR	500,000		745,137
France - 0.11%
Government of France
4.75% due 04/25/2035		400,000		576,716
Germany - 1.01%
Federal Republic of Germany
4.25% due 07/04/2014		2,925,000		4,157,641

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Germany (continued)
Federal Republic of Germany (continued)
4.50% due 07/04/2009	EUR	800,000	$	1,145,140
6.25% due 01/04/2030		110,000		191,197
				5,493,978
Hungary - 0.04%
Republic of Hungary
6.00% due 10/12/2011	HUF	26,890,000		147,872
6.75% due 02/24/2017		16,050,000		91,385
				239,257
Indonesia - 0.07%
Republic of Indonesia
10.25% due 07/15/2027	IDR	3,218,000,000		363,344
Italy - 0.07%
Republic of Italy
5.375% due 06/15/2033	$	400,000		389,480
Japan - 0.61%
Government of Japan
0.50% due 06/20/2013	JPY	355,000,000		2,955,685
1.50% due 09/20/2014		40,000,000		350,728
				3,306,413
Philippines - 0.02%
Republic of Philippines
7.75% due 01/14/2031	$	127,000		140,652
Poland - 0.04%
Republic of Poland
5.00% due 10/24/2013	PLN	565,000		205,912
Russia - 0.03%
Russian Federation, Series REGS
7.50% due 03/31/2030	$	129,350		145,894
South Korea - 0.01%
Republic of Korea
4.25% due 09/10/2014	KRW	80,000,000		80,855
Sweden - 0.23%
Kingdom of Sweden
5.125% due 03/01/2017	$	380,000		375,685
6.75% due 05/05/2014	SEK	4,905,000		862,910
				1,238,595
Turkey - 0.21%
Turkey Government Bond
zero coupon due 07/16/2008	TRY	585,000		424,290
15.00% due 02/10/2010		125,000		102,157
20.00% due 10/17/2007		295,700		266,586
Republic of Turkey, Series CPI
10.00% due 02/15/2012		375,000		329,091
				1,122,124
United Kingdom - 0.35%
Government of United Kingdom
5.00% due 09/07/2014	GBP	710,000		1,442,592
6.00% due 12/07/2028		200,000		473,386
				1,915,978

The accompanying notes are an integral part of the financial statements. 

134

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Uruguay - 0.02%
Republic of Uruguay
3.70% due 06/26/2037	UYU	1,195,000	$	48,833
4.25% due 04/05/2027		1,020,000		46,212
				95,045
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $18,385,133)			$	19,486,907
CORPORATE BONDS - 8.70%
Advertising - 0.14%
R.H. Donnelley Corp., Series A-1
6.875% due 01/15/2013	$	300,000		283,500
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		450,000		458,437
				741,937
Aerospace - 0.25%
BAE Systems 2001 Asset Trust PLC
6.664% due 09/15/2013		871,181		918,277
7.156% due 12/15/2011		397,757		416,388
				1,334,665
Air Travel - 0.06%
Delta Air Lines, Inc., Series 02-1
6.417% due 07/02/2012		295,000		301,269
Automobiles - 0.44%
Ford Motor Company
4.25% due 12/15/2036		973,000		1,142,886
7.45% due 07/16/2031		250,000		196,250
General Motors Corp.
7.125% due 07/15/2013		725,000		665,187
GMAC LLC
6.625% due 05/15/2012		400,000		373,242
				2,377,565
Banking - 1.57%
BAC Capital Trust XIII
6.0944% due 12/31/2049 (b)		725,000		676,313
Banco Bilbao Vizcaya Argentaria SA
5.75% due 07/20/2017		200,000		204,048
Banco Mercantil del Norte SA
6.862% due 10/13/2021		390,000		389,289
Barclays Bank PLC
6.86% due 06/15/2032 (b)		160,000		152,339
Barclays Bank, PLC
7.434% due 09/29/2049 (b)		520,000		552,593
Chuo Mitsui Trust & Banking Company
5.506% due 04/15/2049 (b)		550,000		507,670
CoBank ACB
5.96% due 06/15/2022 (b)		360,000		359,944
Fifth Third Capital Trust IV
6.50% due 04/01/2037 (b)		250,000		240,078
HBOS Treasury Services PLC
5.25% due 02/21/2017		100,000		99,481
HSBK Europe BV
7.75% due 05/13/2013		190,000		188,613

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)	$	145,000	$	141,138
4.90% due 09/23/2010		220,000		214,567
Landwirtschaftliche Rentenbank
5.25% due 07/15/2011		1,125,000		1,147,424
Nationwide Building Society
5.50% due 07/18/2012		165,000		169,049
PNC Preferred Funding Trust I
6.113% due 03/15/2049 (b)		500,000		479,153
Resona Bank, Ltd.
5.85% due 09/29/2049 (b)		440,000		413,816
Royal Bank of Scotland Group PLC
6.99% due 10/29/2049 (b)		235,000		239,397
Standard Chartered PLC
6.40% due 09/26/2017		250,000		250,385
US AgBank FCB
6.11% due 12/31/2049 (b)		400,000		403,900
Washington Mutual Bank
6.75% due 05/20/2036		250,000		244,098
Washington Mutual Preferred Funding II
6.665% due 12/31/2049 (b)		1,000,000		861,806
Wells Fargo & Company
3.50% due 04/04/2008		125,000		123,739
Zions Bancorporation
5.50% due 11/16/2015		500,000		480,150
				8,538,990
Building Materials & Construction - 0.06%
K Hovnanian Enterprises, Inc.
7.50% due 05/15/2016		400,000		318,000
Buildings - 0.01%
MDC Holdings, Inc.
5.375% due 07/01/2015		85,000		76,469
Cable & Television - 0.41%
Charter Communications Operating LLC
8.00% due 04/30/2012		210,000		208,950
8.375% due 04/30/2014		750,000		753,750
Comcast Corp.
5.875% due 02/15/2018		130,000		127,873
6.45% due 03/15/2037		130,000		128,340
6.95% due 08/15/2037		125,000		131,201
Cox Communications, Inc.
7.75% due 11/01/2010		125,000		133,210
News America, Inc.
6.40% due 12/15/2035		150,000		144,864
Time Warner, Inc.
7.625% due 04/15/2031		385,000		418,759
Viacom, Inc.
6.875% due 04/30/2036		160,000		159,334
				2,206,281
Cellular Communications - 0.13%
AT&T Wireless Services, Inc.
8.75% due 03/01/2031		90,000		113,944

The accompanying notes are an integral part of the financial statements. 

135

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cellular Communications (continued)
US Unwired, Inc., Series B
10.00% due 06/15/2012	$	530,000	$	568,348
				682,292
Chemicals - 0.02%
Rohm & Haas Company
6.00% due 09/15/2017		130,000		130,378
Computers & Business Equipment - 0.02%
Cisco Systems, Inc.
5.25% due 02/22/2011		125,000		126,163
Crude Petroleum & Natural Gas - 0.08%
Apache Corp.
6.00% due 01/15/2037		125,000		120,324
XTO Energy, Inc.
6.10% due 04/01/2036		340,000		328,867
				449,191
Domestic Oil - 0.06%
EOG Resources, Inc.
5.875% due 09/15/2017		75,000		74,975
Marathon Oil Corp.
6.60% due 10/01/2037		240,000		246,595
				321,570
Electrical Utilities - 0.29%
AES Corp.
9.375% due 09/15/2010		920,000		970,600
Appalachian Power Company
5.55% due 04/01/2011		125,000		124,737
Edison Mission Energy
7.50% due 06/15/2013		100,000		102,500
Pacific Gas & Electric Company
4.20% due 03/01/2011		150,000		145,056
United Energy Distribution Property, Ltd.
4.70% due 04/15/2011		170,000		169,053
Virginia Electric and Power Company
5.95% due 09/15/2017		50,000		49,927
				1,561,873
Electronics - 0.03%
Koninklijke Philips Electronics NV
7.20% due 06/01/2026		125,000		136,969
Energy - 0.17%
Energy East Corp.
6.75% due 07/15/2036		375,000		382,744
Enterprise Products Operating LP, Series B
5.60% due 10/15/2014		290,000		284,067
6.875% due 03/01/2033		250,000		255,594
				922,405
Financial Services - 1.81%
American General Finance Corp., Series MTN
6.50% due 09/15/2017		100,000		101,265
Capital One Financial Corp.
6.25% due 11/15/2013		435,000		431,588
Capmark Financial Group, Inc.
5.875% due 05/10/2012		125,000		113,841

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Countrywide Financial Corp.
5.80% due 06/07/2012	$	400,000	$	374,914
6.25% due 05/15/2016		280,000		253,390
Countrywide Home Loans, Inc.
5.625% due 07/15/2009		20,000		18,783
Countrywide Home Loans, Inc., Series MTNH
6.25% due 04/15/2009		45,000		42,779
Downey Financial Corp.
6.50% due 07/01/2014		370,000		371,161
Ford Motor Credit Company LLC
8.625% due 11/01/2010		250,000		247,841
General Motors Acceptance Corp.
7.00% due 02/01/2012		450,000		427,215
Goldman Sachs Group, Inc.
5.25% due 04/01/2013		250,000		245,482
International Lease Finance Corp.
5.00% due 04/15/2010		250,000		248,934
JP Morgan Chase Capital XX, Series T
6.55% due 09/29/2036		60,000		56,048
JP Morgan Chase Capital XVIII, Series R
6.95% due 08/17/2036		355,000		348,973
Lehman Brothers Holdings, Inc.
6.50% due 07/19/2017		250,000		253,734
6.875% due 07/17/2037		400,000		396,789
Lehman Brothers Holdings, Inc., Series MTN
5.63% due 11/16/2009 (b)		430,000		419,575
5.75% due 04/25/2011		350,000		351,197
Merrill Lynch & Company, Inc.
6.11% due 01/29/2037		775,000		729,435
Morgan Stanley
5.61% due 01/09/2012 (b)		500,000		489,822
Nationwide Financial Services
6.75% due 05/15/2037		290,000		279,633
Northern Rock PLC
5.625% due 06/22/2017		100,000		100,332
PCCW HKT Capital, Ltd.
8.00% due 11/15/2011		350,000		380,244
Private Export Funding Corp.
5.00% due 12/15/2016		630,000		630,576
QBE Capital Funding II LP
6.797% due 06/01/2049		200,000		196,113
Reliastar Financial Corp.
6.50% due 11/15/2008		280,000		282,547
Residential Capital Corp.
6.50% due 04/17/2013		260,000		209,950
7.46% due 04/17/2009 (b)		120,000		102,000
SLM Corp., Series A
5.00% due 04/15/2015		125,000		104,839
SMFG Preferred Capital
6.078% due 01/29/2049 (b)		240,000		221,926
The Charles Schwab Corp., Series MTN
6.375% due 09/01/2017		125,000		124,088
Toll Brothers Finance Corp.
4.95% due 03/15/2014		40,000		35,069
5.15% due 05/15/2015		15,000		12,847
5.95% due 09/15/2013		25,000		22,900

The accompanying notes are an integral part of the financial statements. 

136

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Twin Reefs Pass Through Trust
6.82% due 12/10/2049 (b)	$	700,000	$	554,743
Unicredit Luxembourg Finance SA
5.584% due 01/13/2017 (b)		200,000		199,599
Washington Mutual, Inc.
5.25% due 09/15/2017		500,000		458,830
				9,839,002
Food & Beverages - 0.12%
Delhaize Group
6.50% due 06/15/2017		50,000		50,427
Kroger Company
6.40% due 08/15/2017		120,000		122,361
Tyson Foods, Inc.
6.60% due 04/01/2016		470,000		484,343
				657,131
Gas & Pipeline Utilities - 0.20%
Kinder Morgan Energy Partners LP
5.125% due 11/15/2014		160,000		152,174
6.00% due 02/01/2017		335,000		331,205
6.50% due 02/01/2037		130,000		124,421
TransCanada Pipelines, Ltd., ADR
6.35% due 05/15/2067 (b)		170,000		163,156
Williams Companies, Inc.
8.125% due 03/15/2012		300,000		323,250
				1,094,206
Healthcare Products - 0.06%
Boston Scientific Corp.
6.25% due 11/15/2035		100,000		86,750
Cardinal Health, Inc.
5.80% due 10/15/2016		250,000		246,115
				332,865
Holdings Companies/Conglomerates - 0.05%
General Electric Company
5.00% due 02/01/2013		250,000		247,816
Homebuilders - 0.02%
Centex Corp.
5.25% due 06/15/2015		115,000		97,833
6.50% due 05/01/2016		35,000		31,925
				129,758
Hotels & Restaurants - 0.07%
Seminole Tribe of Florida
5.798% due 10/01/2013		205,000		206,944
Wyndham Worldwide Corp.
6.00% due 12/01/2016		170,000		164,638
				371,582
Insurance - 0.55%
Ace INA Holdings, Inc.
6.70% due 05/15/2036		70,000		72,079
Allstate Corp.
6.125% due 05/15/2037 (b)		210,000		205,897
Assured Guaranty U.S. Holdings, Inc., Series A
6.40% due 12/15/2066 (b)		75,000		73,569

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
AXA SA
6.379% due 12/14/2049 (b)	$	700,000	$	631,144
Catlin Insurance Company, Ltd.
7.249% due 12/01/2049 (b)		250,000		235,804
CNA Financial Corp.
7.25% due 11/15/2023		100,000		103,395
Liberty Mutual Group, Inc.
6.50% due 03/15/2035		150,000		136,837
7.50% due 08/15/2036		150,000		153,755
7.80% due 03/15/2037		330,000		321,159
Lincoln National Corp.
6.20% due 12/15/2011		140,000		145,083
Monumental Global Funding III
5.56% due 01/15/2014 (b)		360,000		350,523
Nationwide Mutual Insurance Company
7.875% due 04/01/2033		60,000		67,999
XL Capital, Ltd., Series E
6.50% due 12/31/2049 (b)		510,000		476,354
				2,973,598
International Oil - 0.33%
Canadian Natural Resources, Ltd.
5.70% due 05/15/2017		250,000		244,044
Husky Energy, Inc.
6.80% due 09/15/2037		480,000		492,569
Pemex Project Funding Master Trust
5.75% due 12/15/2015		315,000		315,193
Pemex Project Funding Master Trust, Series REGS
5.9475% due 12/03/2012 (b)		740,000		738,890
				1,790,696
Investment Companies - 0.16%
Temasek Financial I, Ltd., Series REGS
4.50% due 09/21/2015		930,000		882,716
Leisure Time - 0.16%
Boyd Gaming Corp.
6.75% due 04/15/2014		900,000		882,000
Manufacturing - 0.05%
Atlas Copco AB, ADR
5.60% due 05/22/2017		125,000		123,354
Tyco International Group SA
6.875% due 01/15/2029		105,000		105,394
7.00% due 06/15/2028		55,000		59,814
				288,562
Medical-Hospitals - 0.09%
Tenet Healthcare Corp.
9.875% due 07/01/2014		500,000		457,500
Metal & Metal Products - 0.01%
Freeport-McMoRan Copper & Gold, Inc.
6.875% due 02/01/2014		70,000		71,225
Mining - 0.02%
Vale Overseas, Ltd.
6.875% due 11/21/2036		100,000		103,027

The accompanying notes are an integral part of the financial statements. 

137

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Paper - 0.09%
Jefferson Smurfit Corp.
7.50% due 06/01/2013	$	500,000	$	483,750
Petroleum Services - 0.07%
Petroleum Export, Ltd.
5.265% due 06/15/2011		367,133		364,919
Pharmaceuticals - 0.08%
AstraZeneca PLC
5.40% due 09/15/2012		360,000		362,831
Hospira, Inc.
5.55% due 03/30/2012		75,000		74,911
				437,742
Real Estate - 0.19%
Brandywine Operating Partnership LP, REIT
5.70% due 05/01/2017		125,000		116,850
Developers Diversified Realty Corp., REIT
5.00% due 05/03/2010		125,000		124,983
Kimco Realty Corp., REIT
4.82% due 06/01/2014		250,000		237,707
ProLogis, REIT
5.25% due 11/15/2010		200,000		199,308
5.625% due 11/15/2015		130,000		124,593
Simon Property Group LP
5.875% due 03/01/2017		250,000		244,430
				1,047,871
Retail - 0.03%
Federated Retail Holdings, Inc.
6.375% due 03/15/2037		135,000		123,437
Limited Brands, Inc.
6.90% due 07/15/2017		30,000		30,144
				153,581
Retail Grocery - 0.24%
Albertson's LLC
7.25% due 05/01/2013		1,275,000		1,283,054
Retail Trade - 0.08%
CVS Corp.
5.298% due 01/11/2027		65,297		62,626
Home Depot, Inc.
5.49% due 12/16/2009 (b)		370,000		365,189
				427,815
Sanitary Services - 0.11%
Allied Waste North America, Inc.
6.125% due 02/15/2014		625,000		607,031
Telecommunications Equipment &
Services - 0.09%
SBC Communications, Inc.
5.625% due 06/15/2016		125,000		123,939
Verizon Communications, Inc.
5.50% due 04/01/2017		385,000		377,233
				501,172
Telephone - 0.28%
Qwest Communications International, Inc.
7.25% due 02/15/2011		900,000		910,125

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone (continued)
Sprint Capital Corp.
8.75% due 03/15/2032	$	90,000	$	103,206
Telecom Italia Capital SA
7.20% due 07/18/2036		130,000		137,572
Valor Telecommunications Enterprise LLC
7.75% due 02/15/2015		360,000		377,306
				1,528,209
TOTAL CORPORATE BONDS (Cost $48,000,176)			$	47,182,845
CONVERTIBLE BONDS - 0.14%
Pharmaceuticals - 0.14%
Schering-Plough Corp.
6.00% due 08/13/2010		2,800		775,600
TOTAL CONVERTIBLE BONDS (Cost $700,000)			$	775,600
COLLATERALIZED MORTGAGE
OBLIGATIONS - 6.58%
American Tower Trust, Series 2007-1A, Class AFX
5.419% due 04/15/2037		125,000		125,303
American Tower Trust, Series 2007-1A, Class B
5.537% due 04/15/2037		125,000		121,814
American Tower Trust, Series 2007-1A, Class D
5.956% due 04/15/2037		125,000		107,181
Banc of America Funding Corp.,
Series 2005-H, Class 9A1
5.9507% due 11/20/2035 (b)		350,608		352,202
Bank of America Commercial Mortgage, Inc.,
Series 2001-3, Class A1
4.89% due 04/11/2037		135,893		135,540
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-10, Class A3
4.65% due 10/25/2035 (b)		875,000		854,494
Bear Stearns Alt-A Trust, Series 2005-9, Class 26A1
5.8105% due 11/25/2035 (b)		351,139		347,971
Bear Stearns Asset Backed Securities, Inc., Series
2005-AC3, Class 2A1
5.25% due 06/25/2020		218,047		215,237
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class C
7.928% due 07/15/2032		250,000		268,211
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2006-CD3, Class A5
5.617% due 10/15/2048		75,000		75,351
Commercial Mortgage Pass Through Certificates,
Series 2003-LB1A, Class A2
4.084% due 06/10/2038		750,000		706,144
Countrywide Alternative Loan Trust, Series
2007-2CB, Class 1A9
5.75% due 03/25/2037		527,686		511,366
Countrywide Alternative Loan Trust, Series
2007-HY4, Class 3A1
5.91% due 06/25/2047 (b)		335,526		332,891
Countrywide Alternative Loan Trust, Series
2007-HY4, Class 4A1
5.9782% due 06/25/2047 (b)		426,605		419,106

The accompanying notes are an integral part of the financial statements. 

138

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Countrywide Alternative Loan Trust,
Series 2005-46CB, Class A8
5.50% due 10/25/2035	$	332,924	$	330,974
Countrywide Alternative Loan Trust,
Series 2005-54CB, Class 1A7
5.50% due 11/25/2035		385,661		385,881
Countrywide Alternative Loan Trust,
Series 2005-62, Class 2A1
5.983% due 12/25/2035 (b)		250,879		243,431
Countrywide Alternative Loan Trust,
Series 2005-64CB, Class 1A7
5.50% due 12/25/2035		317,229		317,069
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2006-HYB5, Class 3A1B
5.9337% due 09/20/2036 (b)		95,726		96,543
Countrywide Home Loans,
Series 2005-12, Class 2A5
5.50% due 05/25/2035		258,595		256,183
Crown Castle Towers LLC, Series 2006-1A, Class E
6.065% due 11/15/2036		660,000		663,465
Crown Castle Towers LLC,
Series 2005-1A, Class AFL
6.1325% due 06/15/2035 (b)		230,000		230,932
Crown Castle Towers LLC,
Series 2005-1A, Class AFX
4.643% due 06/15/2035		625,000		620,867
Crown Castle Towers LLC, Series 2005-1A, Class B
4.878% due 06/15/2035		825,000		808,022
Crown Castle Towers LLC, Series 2005-1A, Class D
5.612% due 06/15/2035		290,000		284,861
CS First Boston Mortgage Securities Corp, Series
2003-23, Class 8A1
5.00% due 09/25/2018		180,938		178,411
CS First Boston Mortgage Securities Corp, Series
2004-C5, Class A3
4.499% due 11/15/2037		120,000		117,118
CS First Boston Mortgage Securities Corp, Series
2005-7, Class 3A1
5.00% due 08/25/2020		69,846		68,558
CS First Boston Mortgage Securities Corp.,
Series 2001-CF2, Class A3
6.238% due 02/15/2034		238,587		238,268
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		500,000		505,850
CS First Boston Mortgage Securities Corp.,
Series 2001-CP4, Class A4
6.18% due 12/15/2035		750,000		776,048
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		500,000		518,136
CS First Boston Mortgage Securities Corp.,
Series 2005-5, Class 4A1
6.25% due 07/25/2035		292,163		286,777
CSAB Mortgage Backed Trust,
Series 2006-2, Class A6A
5.72% due 09/25/2036		825,000		798,865

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., REMICS,
Series 2006-3233, Class PA
6.00% due 10/15/2036	$	347,916	$	356,446
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3312, Class PA
5.50% due 05/15/2037		123,441		122,190
Federal Home Loan Mortgage Corp.,
Series T-41, Class 3A
7.50% due 07/25/2032		124,900		130,339
Federal National Mortgage Association,
Series 2002-W3, Class A5
7.50% due 01/25/2028		223,670		233,441
First Horizon Alternative Mortgage Securities,
Series 2005-FA8, Class 1A14
5.50% due 11/25/2035		549,219		549,592
First Union National Bank Commercial Mortgage
Trust, Series 2001-C2, Class A1
6.204% due 01/12/2043		446,838		447,802
First Union National Bank Commercial Mortgage
Trust, Series 2002-C1, Class A1
5.585% due 02/12/2034		283,139		285,389
GE Capital Commercial Mortgage Corp.,
Series 2001-1, Class A1
6.079% due 05/15/2033		29,267		29,601
GE Capital Commercial Mortgage Corp.,
Series 2001-3, Class A2
6.07% due 06/10/2038		500,000		516,948
GE Capital Commercial Mortgage Corp.,
Series 2002-2A, Class A3
5.349% due 08/11/2036		360,000		362,031
Global Signal Trust, Series 2006-1, Class A2
5.45% due 02/15/2036		375,000		374,189
Global Signal Trust, Series 2006-1, Class C
5.707% due 02/15/2036		300,000		297,051
GMAC Commercial Mortgage Securities, Inc,
Series 2001-C2, Class A1
6.25% due 04/15/2034		206,469		208,788
GMAC Commercial Mortgage Securities, Inc.,
Series 2001-C1, Class A1
5.988% due 04/15/2034		46,087		46,013
Greenwich Capital Commercial Funding Corp.,
Series 2002-C1, Class A2
4.112% due 01/11/2017		261,612		257,840
GSR Mortgage Loan Trust,
Series 2004-15F, Class 5A1
5.50% due 01/25/2020		468,263		468,905
Harborview Mortgage Loan Trust,
Series 2005-15, Class 2A12
6.2963% due 10/20/2045 (b)		239,890		233,448
Hilton Hotels Pool Trust, Series 2000-HLTA, Class B
6.165% due 10/03/2015 (b)		170,000		167,897
Indymac IMSC Mortgage Loan Trust, Series
2007-F3, Class 2A1
6.50% due 09/25/2037		460,334		466,492
Indymac Index Mortgage Loan Trust, Series
2006-AR5, Class 2A1
5.8467% due 05/25/2036 (b)		113,963		112,890

The accompanying notes are an integral part of the financial statements. 

139

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
JP Morgan Alternative Loan Trust,
Series 2006-S3, Class A6
6.12% due 08/25/2036	$	875,000	$	882,639
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2002-C1, Class A3
5.376% due 07/12/2037		1,165,000		1,172,459
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP7, Class A4
6.0656% due 04/15/2045 (b)		125,000		128,528
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP4, Class A2
4.79% due 10/15/2042		415,000		411,821
LB-UBS Commercial Mortgage Trust,
Series 2002-C1,Class A4
6.462% due 03/15/2031		500,000		525,213
Lehman Mortgage Trust, Series 2007-7, Class 6A4
7.00% due 08/25/2037		123,149		126,368
Lehman Mortgage Trust, Series 2007-8, Class 3A1
7.25% due 08/25/2037		675,000		680,400
MASTR Alternative Loans Trust,
Series 2004-5, Class 5A1
4.75% due 06/25/2019		660,053		644,630
Residential Accredit Loans, Inc., Series
2007-QS11, Class A1
7.00% due 10/25/2037		650,000		651,625
Residential Accredit Loans, Inc., Series
2007-QS11, Class A2
7.00% due 10/25/2037		525,000		513,107
Residential Accredit Loans, Inc., Series 2007-QS9,
Class A33
6.50% due 07/25/2037		123,138		121,445
Residential Asset Securitization Trust,
Series 2004-A6, Class A1
5.00% due 08/25/2019		1,426,256		1,392,394
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		290,000		300,449
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A2
6.226% due 12/18/2035		30,980		30,941
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A3
6.428% due 12/18/2035		750,000		778,380
SBA CMBS Trust, Series 2005-1A, Class A
5.369% due 11/15/2035		280,000		280,375
SBA CMBS Trust, Series 2005-1A, Class B
5.565% due 11/15/2035		250,000		247,463
Structured Adjustable Rate Mortgage Loan Trust,
Series 2006-2, Class 5A1
6.00% due 03/25/2036 (b)		770,821		768,400
Structured Adjustable Rate Mortgage Loan Trust,
Series 2006-4, Class 5A1
5.9332% due 05/25/2036 (b)		1,184,247		1,170,936
Structured Asset Securities Corp.,
Series 1998-RF2, Class A
8.5157% due 07/15/2027 (b)		149,837		149,610

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Washington Mutual Mortgage Pass Through
Certificates, Series 2007-HY5, Class 3A1
5.8275% due 06/25/2037 (b)	$	1,638,061	$	1,603,828
Washington Mutual Mortgage Pass-Through,
Series 2005-1, Class 6A1
6.50% due 03/25/2035		423,716		426,221
Washington Mutual, Inc., Series 2003-S2, Class A1
5.00% due 05/25/2018		633,813		628,649
Washington Mutual, Inc., Series 2003-S6, Class 2A3
4.75% due 07/25/2018		401,498		386,994
Washington Mutual, Inc., Series 2003-S7, Class A1
4.50% due 08/25/2018		175,304		167,251
Wells Fargo Mortgage Backed Securities Trust,
Series 2003-16, Class 2A1
4.50% due 12/25/2018		220,285		210,479
Wells Fargo Mortgage Backed Securities Trust,
Series 2003-3, Class 2A1
5.25% due 04/25/2033		200,762		199,417
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-1, Class A3
5.00% due 03/25/2021		686,038		661,813
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR15, Class A1
5.6618% due 10/25/2036 (b)		1,812,248		1,813,811
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR10, Class 2A6
4.1085% due 06/25/2035 (b)		675,000		663,444
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $36,231,584)			$	35,705,452
ASSET BACKED SECURITIES - 2.71%
Advanta Business Card Master Trust,
Series 2005-A1, Class A1
5.5663% due 04/20/2011 (b)		375,000		374,956
Advanta Business Card Master Trust,
Series 2005-A3, Class A3
4.70% due 10/20/2011		375,000		373,652
AmeriCredit Automobile Receivables Trust, Series
2007-CM, Class A4A
5.55% due 04/07/2014		125,000		125,840
AmeriCredit Automobile Receivables Trust, Series
2007-DF, Class A4A
5.56% due 06/06/2014		125,000		125,859
ARG Funding Corp., Series 2005-2A, Class A1
4.54% due 05/20/2009		570,000		568,075
Bear Stearns Asset Backed Securities, Inc.,
Series 2005-CL1, Class A1
5.6313% due 09/25/2034 (b)		183,664		179,922
Carmax Auto Owner Trust, Series 2007-2, Class A3
5.23% due 12/15/2011		125,000		125,315
Countryplace Manufactured Housing Contract
Trust, Series 2005-1, Class A3
4.80% due 12/15/2035		250,000		233,500
Countrywide Asset-Backed Certificates, Series
2006-S2, Class A5
5.753% due 07/25/2027		825,000		750,272

The accompanying notes are an integral part of the financial statements. 

140

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Countrywide Asset-Backed Certificates, Series
2006-S6, Class A6
5.657% due 03/25/2034 (b)	$	350,000	$	341,281
CPS Auto Trust, Series 2006-A, Class 1A4
5.33% due 11/15/2012		700,000		701,458
CPS Auto Trust, Series 2006-C, Class A4
5.14% due 06/17/2013		824,998		819,663
CPS Auto Trust, Series 2007-A, Class A4
5.05% due 11/15/2013		649,999		644,415
CPS Auto Trust, Series 2007-TFC, Class A2
5.25% due 12/15/2013		374,998		376,052
CPS Auto Trust, Series 2005-C, Class A2
4.79% due 03/15/2012		510,000		506,339
Drive Auto Receivables Trust,
Series 2006-2, Class A3
5.33% due 04/15/2014		450,000		453,094
First Investors Auto Owner Trust,
Series 2005-A, Class A2
4.23% due 07/16/2012		216,828		215,482
GMAC Mortgage Corp. Loan Trust,
Series 2007-HE2, Class A3
6.193% due 12/25/2037 (b)		500,000		484,844
Greenpoint Manufactured Housing,
Series 2000-7, Class A1
6.0425% due 06/17/2022 (b)		11,585		11,591
GSAA Trust, Series 2006-7, Class AF5A
6.2052% due 03/25/2046		125,000		122,382
Hertz Vehicle Financing LLC,
Series 2005-2A, Class A6
5.08% due 11/25/2011		330,000		327,707
Home Equity Mortgage Trust, Series 2006-3, Class
A1
5.472% due 09/25/2036 (b)		52,543		49,030
Irwin Home Equity Corp., Series 2006-P1, Class 2A4
5.80% due 06/25/2037		525,000		519,750
New Century Home Equity Loan Trust,
Series 2004-A, Class AII5
5.25% due 08/25/2034		510,000		502,001
PG&E Energy Recovery Funding LLC,
Series 2005-1, Class A3
4.14% due 09/25/2012		420,000		414,032
PG&E Energy Recovery Funding LLC,
Series 2005-2, Class A2
5.03% due 03/25/2014		1,000,000		1,005,488
PG&E Energy Recovery Funding LLC,
Series 2005-2, Class A3
5.12% due 12/25/2014		500,000		500,408
Rental Car Finance Corp., Series 2005-1A, Class A2
4.59% due 06/25/2011		500,000		491,751
Residential Accredit Loans, Inc.,
Series 2004-QS16, Class 1A1
5.50% due 12/25/2034		115,037		114,020
Residential Asset Mortgage Products, Inc.,
Series 2004-RS9, Class AI4
4.767% due 10/25/2032		589,953		580,132

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Residential Funding Mortgage Securities II Inc,
Series 2007-HSA2, Class A1F
8.47% due 04/25/2037 (b)	$	101,979	$	97,111
Residential Funding Mortgage Securities II Inc,
Series 2007-HSA3, Class AI3
6.00% due 05/25/2037 (b)		350,000		341,653
Spirit Master Funding LLC, Series 2005-1, Class A1
5.05% due 07/20/2023		361,443		333,821
Triad Auto Receivables Owner Trust,
Series 2005-A, Class A4
4.22% due 06/12/2012		300,000		296,489
UPFC Auto Receivables Trust,
Series 2005-A, Class A3
4.34% due 12/15/2010		230,108		229,010
UPFC Auto Receivables Trust,
Series 2005-B, Class A3
4.98% due 08/15/2011		387,363		386,294
Vanderbilt Acquisition Loan Trust,
Series 2002-1, Class A3
5.70% due 09/07/2023		44,574		44,746
Washington Mutual Master Note Trust, Series
2006-A2A, Class A
5.8025% due 06/15/2015 (b)		170,000		168,194
West Penn Funding LLC Transition Bonds,
Series 2005-A, Class A1
4.46% due 12/27/2010		777,920		772,207
TOTAL ASSET BACKED SECURITIES
(Cost $14,889,538)			$	14,707,836
SUPRANATIONAL OBLIGATIONS - 0.13%
Supranational - 0.13%
African Development Bank
6.875% due 10/15/2015		615,000		672,264
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $680,307)			$	672,264
SHORT TERM INVESTMENTS - 0.61%
John Hancock Cash Investment Trust (c)	$	3,311,546	$	3,311,546
TOTAL SHORT TERM INVESTMENTS
(Cost $3,311,546)			$	3,311,546
REPURCHASE AGREEMENTS - 1.47%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$7,987,728 on 10/01/2007,
collateralized by $7,985,000
Federal Home Loan Mortgage
Corp., 5.45% due 09/02/2011
(valued at $8,144,700, including
interest)	$	7,985,000	$	7,985,000
TOTAL REPURCHASE AGREEMENTS
(Cost $7,985,000)			$	7,985,000

The accompanying notes are an integral part of the financial statements. 

141

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Investments (Income & Value Trust)
(Cost $478,663,474) - 99.75%		$	541,087,060
Other Assets in Excess of Liabilities - 0.25%			1,382,901
TOTAL NET ASSETS - 100.00%		$	542,469,961
Index Allocation Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
500 Index Trust Series NAV	8,161,673	$	106,509,828
Bond Index Trust A Series NAV	7,014,758		91,262,001
International Equity Index Trust A Series NAV	1,949,954		46,564,890
Mid Cap Index Trust Series NAV	1,490,626		30,349,137
Small Cap Index Trust Series NAV	1,868,561		30,270,691
TOTAL INVESTMENT COMPANIES (Cost $287,889,587)		$	304,956,547
Total Investments (Index Allocation Trust)
(Cost $287,889,587) - 100.00%		$	304,956,547
Liabilities in Excess of Other Assets - 0.00%			(6,812)
TOTAL NET ASSETS - 100.00%		$	304,949,735
International Core Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 95.29%
Australia - 3.83%
Amcor, Ltd. (a)	202,929	$	1,325,914
Australia and New Zealand
Banking Group, Ltd. (a)	168,622		4,433,897
BHP Billiton, Ltd.	155,512		6,133,757
Bluescope Steel, Ltd. (a)	176,143		1,676,443
Commonwealth Bank of Australia, Ltd.	56,427		2,817,111
Foster's Group, Ltd. (a)	231,357		1,337,552
Macquarie Bank, Ltd. (a)	52,458		3,919,847
Mirvac Group, Ltd.	536,671		2,589,522
Qantas Airways, Ltd., ADR (a)	292,304		1,444,055
QBE Insurance Group, Ltd. (a)	90,169		2,698,292
Rio Tinto, Ltd. (a)	38,220		3,661,956
Stockland Company, Ltd.	558,283		4,448,482
Suncorp-Metway, Ltd.	376,555		6,767,673
TABCORP Holdings, Ltd.	59,106		792,792
Telstra Corp., Ltd. (a)	1,251,538		4,831,094
Westpac Banking Corp., Ltd. (a)	183,362		4,626,676
Woodside Petroleum, Ltd. (a)	94,828		4,214,589
Woolworths, Ltd.	146,852		3,862,757
Zinifex, Ltd.	134,839		2,115,408
			63,697,817
Austria - 0.41%
OMV AG	38,751		2,580,153
Voestalpine AG	50,172		4,322,872
			6,903,025

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Belgium - 1.18%
Belgacom SA	40,950	$	1,894,566
Colruyt SA	4,408		928,499
Delhaize Group (a)	25,953		2,479,678
Dexia (a)	231,451		6,989,594
Fortis Group SA	188,498		5,534,332
UCB SA (a)	30,134		1,772,906
			19,599,575
Bermuda - 0.24%
Esprit Holdings, Ltd.	146,000		2,320,816
Noble Group, Ltd. (a)	689,639		1,008,230
Ship Finance International, Ltd.	1,080		28,372
Yue Yuen Industrial Holdings, Ltd.	190,782		570,928
			3,928,346
Canada - 2.92%
BCE, Inc.	80,324		3,217,314
Canadian Imperial Bank of Commerce	90,130		8,989,928
Canadian Natural Resources, Ltd.	62,163		4,715,190
EnCana Corp.	120,503		7,439,577
Magna International, Inc.	15,400		1,483,341
National Bank of Canada	86,835		4,750,798
Potash Corp. of Saskatchewan, Inc.	73,500		7,751,016
Research In Motion, Ltd. *	103,200		10,126,788
			48,473,952
Denmark - 0.22%
A P Moller- Maersk AS, Series A	129		1,747,318
Danske Bank AS (a)	27,481		1,112,766
H. Lundbeck AS (a)	26,845		727,236
			3,587,320
Finland - 2.36%
Kesko Oyj (a)	42,797		2,834,944
Kone Corp. Oyj	15,092		1,097,566
Metso Oyj	18,611		1,278,072
Neste Oil Oyj (a)	33,785		1,233,071
Nokia AB Oyj	510,007		19,331,906
Outokumpu Oyj (a)	71,714		2,568,446
Rautaruukki Oyj	91,091		5,503,014
Sampo Oyj, A Shares	176,458		5,371,510
			39,218,529
France - 10.59%
Accor SA	28,885		2,556,936
Air France KLM (a)	48,966		1,794,103
Alstom (a)	21,773		4,413,517
BNP Paribas SA (a)	178,145		19,437,205
Bouygues SA	39,059		3,359,256
Casino Guich-Perrachon SA (a)	37,436		3,914,276
Compagnie de Saint-Gobain SA (a)	53,208		5,536,905
Compagnie Generale des Etablissements
Michelin, Class B	37,664		5,048,756
Credit Agricole SA (a)	167,480		6,441,227
Electricite de France (a)	19,487		2,054,445

The accompanying notes are an integral part of the financial statements. 

142

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
France Telecom SA (a)	51,990	$	1,736,366
Groupe Danone SA (a)	0		0
Groupe DANONE	46,438		3,644,609
Pinault-Printemps-Redoute SA (a)	5,957		1,117,487
PSA Peugeot Citroen SA (a)	104,370		8,589,000
Renault Regie Nationale SA	88,247		12,750,216
Sanofi-Aventis SA	412,134		34,795,015
Societe Generale (a)	7,679		1,284,830
Total SA (a)	632,525		51,279,443
Unibail-Rodamco (a)	7,647		1,962,378
Vinci SA, ADR	54,974		4,282,496
			175,998,466
Germany - 9.61%
Adidas-Salomon AG (a)	42,140		2,756,073
Allianz AG	56,998		13,278,360
BASF AG	105,765		14,586,534
Bayer AG	47,779		3,791,973
Bayerische Motoren Werke (BMW) AG (a)	103,799		6,675,106
Commerzbank AG	64,401		2,599,539
DaimlerChrysler AG	116,067		11,657,296
Deutsche Bank AG (a)	133,386		17,140,401
Deutsche Boerse AG	28,976		3,934,415
Deutsche Lufthansa AG	99,516		2,853,890
Deutsche Post AG	126,499		3,669,067
E.ON AG	18,826		3,470,583
Fresenius AG (a)	15,681		1,216,651
Infineon Technologies AG * (a)	189,839		3,263,248
MAN AG	47,741		6,926,964
Muenchener Rueckversicherungs-
Gesellschaft AG	95,290		18,259,082
Salzgitter AG	33,241		6,509,874
Siemens AG	98,194		13,461,407
Suedzucker AG (a)	63,991		1,281,942
Thyssen Krupp AG	135,217		8,585,951
TUI AG *	45,447		1,217,376
Volkswagen AG (a)	56,404		12,710,937
			159,846,669
Greece - 0.07%
National Bank of Greece SA	19,638		1,248,082
Hong Kong - 0.65%
Bank of East Asia, Ltd.	301,400		1,697,236
BOC Hong Kong Holdings, Ltd.	620,000		1,573,691
CLP Holdings, Ltd. (a)	726,096		5,009,331
Hong Kong Electric Holdings, Ltd.	471,646		2,455,589
			10,735,847
Ireland - 1.13%
Anglo Irish Bank Corp. PLC	120,898		2,279,298
Bank of Ireland	98,293		1,816,788
CRH PLC	147,852		5,854,513
Depfa Bank PLC (a)	381,250		7,870,727

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Ireland (continued)
Kerry Group PLC	32,884	$	972,493
			18,793,819
Italy - 3.71%
Enel SpA	841,796		9,503,110
Eni SpA	1,244,798		45,998,487
Fiat SpA (a)	180,536		5,444,310
Italcementi SpA	48,474		778,800
			61,724,707
Japan - 20.79%
Acom Company, Ltd. (a)	38,270		852,072
Aderans Company, Ltd. (a)	18,935		396,057
Alps Electric Company, Ltd. (a)	87,454		1,051,152
Astellas Pharmaceuticals, Inc. (a)	58,626		2,809,439
Canon, Inc.	65,100		3,549,983
Chubu Electric Power Company, Inc.	152,201		3,938,059
Cosmo Oil Company, Ltd. (a)	259,000		1,234,406
Daiichi Sankyo Company, Ltd. (a)	166,069		4,982,937
Daikyo, Inc. (a)	238,112		768,304
Eisai Company, Ltd. (a)	49,420		2,333,889
Fuji Heavy Industries, Ltd. (a)	307,884		1,352,247
Fuji Photo Film Company, Ltd. (a)	94,500		4,364,194
Haseko Corp. * (a)	812,653		1,943,639
Hitachi, Ltd. (a)	199,000		1,324,013
Hokkaido Electric Power Company, Inc. (a)	89,801		1,940,820
Honda Motor Company, Ltd. (a)	784,588		26,339,448
Hoya Corp. (a)	39,200		1,336,441
Ibiden Company, Ltd. (a)	19,200		1,614,750
Isuzu Motors, Ltd. (a)	569,458		3,258,857
Itochu Corp. (a)	989,953		12,010,649
Japan Real Estate Investment Corp., REIT (a)	164		1,968,342
Japan Tobacco, Inc. (a)	883		4,845,825
JFE Holdings, Inc. (a)	96,600		6,838,789
Kansai Electric Power Company, Ltd. (a)	156,800		3,579,753
Kao Corp. (a)	103,950		3,100,961
Kawasaki Kisen Kaisha, Ltd. (a)	586,000		8,597,860
Komatsu, Ltd. (a)	112,100		3,763,315
Konami Corp. (a)	57,477		1,564,646
Kyushu Electric Power Company, Inc. (a)	86,120		2,276,959
Marubeni Corp. (a)	921,176		8,444,247
Marui Company, Ltd. (a)	56,190		619,664
Mazda Motor Corp. (a)	124,512		629,166
Mitsubishi Corp. (a)	560,005		17,728,459
Mitsubishi Estate Company, Ltd.	136,596		3,908,513
Mitsubishi Heavy Industries, Ltd. (a)	374,000		2,442,807
Mitsubishi Materials Corp.	263,000		1,633,171
Mitsui & Company, Ltd. (a)	389,440		9,449,796
Mitsui Fudosan Company, Ltd.	117,000		3,246,043
Mitsui O.S.K. Lines, Ltd. (a)	417,000		6,749,322
Mitsui Trust Holdings, Inc.	739,447		5,762,259
Mitsumi Electric Company, Ltd. (a)	66,200		2,700,278
NGK INSULATORS, LTD. (a)	108,000		3,475,387

The accompanying notes are an integral part of the financial statements. 

143

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nintendo Company, Ltd. (a)	26,600	$	13,834,406
Nippon Building Fund, Inc., REIT (a)	195		2,832,232
Nippon Oil Corp. (a)	681,000		6,319,595
Nippon Steel Corp.	1,381,000		9,932,919
Nippon Telegraph & Telephone Corp. (a)	1,419		6,627,266
Nippon Yusen Kabushiki Kaisha (a)	496,000		4,840,076
Nissan Motor Company, Ltd. (a)	1,181,600		11,828,332
Nomura Research Institute, Ltd. (a)	25,500		867,151
NTT Data Corp. (a)	224		997,460
NTT DoCoMo, Inc. (a)	5,389		7,686,519
Osaka Gas Company, Ltd. (a)	1,292,880		4,531,489
Pacific Metals Company, Ltd. (a)	209,000		3,222,795
Resona Holdings, Inc. (a)	3,361		5,758,541
Ricoh Company, Ltd.	306,000		6,467,038
SEGA SAMMY HOLDINGS, INC. (a)	94,600		1,258,810
Seven & I Holdings Company, Ltd. (a)	246,000		6,322,230
Shin-Etsu Chemical Company, Ltd. (a)	39,900		2,755,314
Shinko Securities Company, Ltd.	159,000		735,676
Showa Shell Sekiyu K.K. (a)	85,500		1,098,308
Sojitz Holdings Corp. (a)	936,400		4,072,012
Sony Corp. (a)	45,300		2,194,477
Sumco Corp. (a)	59,000		2,401,461
Sumitomo Corp. (a)	336,404		6,495,189
Sumitomo Metal Industries, Ltd. (a)	351,000		2,045,312
Sumitomo Metal Mining Company, Ltd. (a)	62,000		1,504,436
Taisho Pharmaceuticals Company, Ltd. (a)	37,210		731,385
Takeda Pharmaceutical Company, Ltd. (a)	298,611		20,984,318
Takefuji Corp. (a)	67,790		1,344,244
TDK Corp.	36,900		3,234,928
The Tokyo Electric Power Company, Ltd. (a)	125,261		3,159,305
Tokyo Gas Company, Ltd.	569,603		2,650,353
Tokyo Steel Manufacturing Company, Ltd. (a)	77,800		1,207,125
TonenGeneral Sekiyu K.K. (a)	128,867		1,294,498
Toshiba Corp. (a)	271,000		2,528,988
Toyota Motor Corp. (a)	190,000		11,203,688
			345,694,794
Luxembourg - 1.22%
ArcelorMittal * (a)	256,989		20,224,163
Netherlands - 5.95%
ABN AMRO Holdings NV (a)	564,161		29,638,478
Aegon NV	415,398		7,931,929
DSM NV (a)	34,787		1,872,066
Heineken Holding NV	28,901		1,651,876
Heineken NV (a)	143,072		9,361,375
ING Groep NV (a)	601,765		26,634,493
Koninklijke (Royal) KPN NV (a)	102,824		1,779,195
Koninklijke Ahold NV * (a)	110,108		1,659,446
Reed Elsevier NV (a)	272,152		5,154,115
Royal Dutch Shell PLC, A Shares (a)	323,109		13,304,115
			98,987,088

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Norway - 0.30%
Orkla ASA	61,175	$	1,088,475
Statoil ASA (a)	112,682		3,825,604
			4,914,079
Portugal - 0.13%
Banco Comercial dos Acores, S.A. (a)	543,838		2,250,095
Singapore - 2.61%
Capitaland, Ltd. * (a)	374,000		2,053,561
City Developments, Ltd.	210,000		2,291,990
Cosco Corp. Singapore, Ltd.	821,400		3,292,683
DBS Group Holdings, Ltd.	380,769		5,541,070
Keppel Corp., Ltd.	264,000		2,561,207
Keppel Land, Ltd. (a)	328,462		1,836,714
K-REIT Asia * (a)	51,292		92,957
Neptune Orient Lines, Ltd. (a)	648,512		2,315,646
Oversea-Chinese Banking Corp., Ltd.	632,000		3,789,530
SembCorp Industries, Ltd.	469,198		2,038,892
SembCorp Marine, Ltd.	744,426		2,307,054
Singapore Exchange, Ltd. (a)	438,000		3,806,643
Singapore Telecommunications, Ltd.	2,620,210		7,096,439
United Overseas Bank, Ltd.	291,000		4,332,749
			43,357,135
Spain - 1.10%
Gas Natural SDG SA (a)	33,169		1,867,523
Repsol SA	247,465		8,813,733
Telefonica SA	272,648		7,609,586
			18,290,842
Sweden - 2.28%
Electrolux AB - Series B (a)	134,927		2,844,187
Hennes & Mauritz AB - B shares (a)	94,150		5,939,352
Investor AB	100,200		2,560,899
Nordea Bank AB	74,200		1,286,798
Sandvik AB *	272,200		5,811,389
Scania AB - Series B * (a)	174,000		4,218,670
Skandinaviska Enskilda Banken AB - Series A	86,100		2,785,569
SKF AB, B Shares (a)	62,000		1,299,745
Svenska Handelsbanken AB - Series A (a)	59,400		1,834,607
Swedbank AB - A shares (a)	68,400		2,276,303
Tele2 AB - Series B	64,580		1,388,737
Volvo AB - Series B *	330,000		5,720,408
			37,966,664
Switzerland - 3.72%
ABB, Ltd.	112,311		2,949,805
Credit Suisse Group AG	41,715		2,762,299
Geberit AG, ADR (a)	7,208		940,402
Nestle SA	10,000		4,480,233
Novartis AG	423,001		23,281,633
Swatch Group AG - BR shares (a)	8,398		2,748,136
Swiss Re	80,067		7,112,646
Zurich Financial Services AG	58,628		17,540,437
			61,815,591

The accompanying notes are an integral part of the financial statements. 

144

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom - 20.27%
3i Group PLC *	282,177	$	5,735,340
Alliance & Leicester PLC	81,586		1,317,296
AstraZeneca Group PLC	328,217		16,386,728
Aviva PLC (a)	547,415		8,213,663
BAE Systems PLC	154,621		1,555,600
Barratt Developments PLC	194,835		2,971,057
BG Group PLC	326,969		5,639,224
BHP Billiton PLC	222,327		7,931,816
BT Group PLC	1,436,272		8,989,126
Capita Group PLC *	137,025		2,022,471
Centrica PLC	960,455		7,450,306
Compass Group PLC	342,065		2,105,998
Dixons Group PLC	997,484		2,745,251
FirstGroup PLC	110,208		1,546,890
GlaxoSmithKline PLC	2,057,110		54,392,609
HBOS PLC	274,075		5,109,702
Home Retail Group	393,498		2,990,216
Imperial Chemical Industries PLC	246,287		3,273,644
Imperial Tobacco Group PLC	156,254		7,138,639
International Power PLC	207,689		1,910,615
Invensys PLC *	278,040		1,758,577
J Sainsbury PLC	346,054		4,074,162
Kingfisher PLC	619,364		2,257,646
Ladbrokes PLC	279,986		2,464,399
National Grid PLC, ADR	137,653		2,200,109
Next Group PLC	114,875		4,599,487
Old Mutual PLC (a)	1,202,864		3,930,904
Reckitt Benckiser PLC	107,304		6,282,648
Rio Tinto PLC	240,228		20,706,228
Royal Bank of Scotland Group PLC	2,667,826		28,553,490
Royal Dutch Shell PLC, A Shares	348,100		14,313,713
Royal Dutch Shell PLC, B Shares	242,381		9,941,890
SABMiller PLC	88,065		2,499,108
Scottish & Southern Energy PLC	169,717		5,227,959
Taylor Woodrow PLC	839,600		4,719,873
Tesco PLC	637,263		5,706,540
Tomkins PLC	253,553		1,174,668
Travis Perkins PLC	19,044		599,443
Unilever PLC	140,391		4,421,913
United Utilities PLC	150,748		2,151,256
Vodafone Group PLC	13,879,004		49,939,640
William Morrison Supermarket PLC	715,094		4,114,712
Wolseley PLC	121,938		2,054,586
Xstrata PLC	57,708		3,816,447
			336,935,589
TOTAL COMMON STOCKS (Cost $1,242,844,012)		$	1,584,192,194
PREFERRED STOCKS - 0.53%
Germany - 0.53%
Porsche AG	2,183		4,623,807

International Core Trust (continued)
		Shares or
		Principal
		Amount		Value
PREFERRED STOCKS (continued)
Germany (continued)
Volkswagen AG		30,297	$	4,156,859
				8,780,666
Italy - 0.00%
Unipol SpA (a)		11		34
TOTAL PREFERRED STOCKS (Cost $4,427,877)			$	8,780,700
RIGHTS - 0.06%
Belgium - 0.06%
Fortis (Expiration Date: 10/09/2007, Strike
Price: EUR 15.00)		188,498		996,984
TOTAL RIGHTS (Cost $0)			$	996,984
SHORT TERM INVESTMENTS - 33.35%
John Hancock Cash Investment Trust (c)	$	554,414,706	$	554,414,706
TOTAL SHORT TERM INVESTMENTS
(Cost $554,414,706)			$	554,414,706
REPURCHASE AGREEMENTS - 3.10%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$51,536,602 on 10/01/2007,
collateralized by $51,270,000
Federal Home Loan Bank, 4.75%
due 04/24/2009 (valued at
$52,551,750, including interest)	$	51,519,000	$	51,519,000
TOTAL REPURCHASE AGREEMENTS
(Cost $51,519,000)			$	51,519,000
Total Investments (International Core Trust)
(Cost $1,853,205,595) - 132.33%			$	2,199,903,584
Liabilities in Excess of Other Assets - (32.33)%				(537,467,300)
TOTAL NET ASSETS - 100.00%			$	1,662,436,284
The portfolio had the following five top industry concentrations as of September 30, 2007 (as a percentage of total net assets):
Banking		11.78%
International Oil		9.52%
Automobiles		7.89%
Pharmaceuticals		7.18%
Telecommunications Equipment & Services		6.94%
International Equity Index Trust A
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.19%
Argentina - 0.03%
Petrobras Energia Participaciones SA, ADR,
B Shares		2,575	$	25,879

The accompanying notes are an integral part of the financial statements. 

145

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Argentina (continued)
Siderar SA, Class A Shares, ADR	295	$	15,576
Telecom Argentina SA, ADR, B Shares *	2,234		54,845
Transportadora de Gas del Sur SA, ADR *	410		2,800
			99,100
Australia - 4.95%
ABC Learning Centres, Ltd. (a)	6,980		40,602
AGL Energy, Ltd. (a)	8,100		113,810
Alumina, Ltd.	22,237		140,569
Amcor, Ltd.	18,433		120,439
AMP, Ltd. (a)	36,519		340,780
Ansell, Ltd.	3,235		35,801
APN News & Media, Ltd. (a)	5,170		23,893
Aristocrat Leisure, Ltd. (a)	6,743		82,986
Asciano Group *	10,671		84,745
Australia and New Zealand
Banking Group, Ltd.	36,867		969,414
Australian Stock Exchange, Ltd.	3,209		152,708
Axa Asia Pacific Holdings, Ltd.	18,030		124,510
Babcock & Brown, Ltd. (a)	4,437		107,910
BHP Billiton, Ltd.	68,002		2,682,158
Billabong International, Ltd. (a)	2,888		38,302
Bluescope Steel, Ltd.	14,582		138,784
Boral, Ltd. (a)	11,349		72,245
Brambles, Ltd., GDR	11,561		149,898
Brambles, Ltd.	18,983		248,065
Caltex Australia, Ltd.	2,411		50,248
Centro Properties Group, Ltd. (a)	16,982		110,811
CFS Gandel Retail Trust	25,566		54,097
CFS Retail Property Trust *	678		1,441
Challenger Financial Services Group, Ltd. (a)	7,517		41,262
Coca-Cola Amatil, Ltd.	11,001		87,658
Cochlear, Ltd. (a)	1,057		72,956
Coles Myer, Ltd.	22,057		300,734
Commonwealth Bank of Australia, Ltd.	26,567		1,326,368
Commonwealth Property Office Fund, Ltd.	26,130		38,518
Computershare, Ltd.	10,486		86,246
CSL, Ltd.	3,575		339,618
CSR, Ltd.	16,465		45,335
DB RREEF Trust	55,291		98,393
Downer EDI, Ltd. (a)	6,200		34,363
Fortescue Metals Group, Ltd. *	2,296		96,942
Foster's Group, Ltd. (a)	39,382		227,678
Futuris Corp., Ltd.	9,486		17,889
General Property Trust, Ltd.	39,249		177,221
Goodman Fielder, Ltd.	17,846		40,764
Harvey Norman Holding, Ltd.	9,728		51,332
Iluka Resources, Ltd. (a)	3,766		18,405
ING Industrial Fund (a)	17,145		42,958
James Hardie Industries, Ltd. (a)	10,195		64,356
John Fairfax Holdings, Ltd. (a)	23,868		99,740
Leighton Holdings, Ltd. (a)	2,844		129,674
Lend Lease Corp. (a)	6,713		112,329

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Lion Nathan, Ltd.	6,140	$	50,175
Macquarie Airports, Ltd.	14,374		55,358
Macquarie Bank, Ltd.	5,300		396,035
Macquarie Communications
Infrastructure Group, Ltd. (a)	8,173		44,067
Macquarie Goodman Group, Ltd. (a)	28,211		172,588
Macquarie Infrastructure Group, Ltd. (a)	51,573		142,460
Macquarie Office Trust (a)	38,771		53,720
Mayne Nickless, Ltd. (a)	13,638		50,350
Mirvac Group, Ltd.	21,301		102,781
Multiplex Group, Ltd.	12,809		56,816
National Australia Bank, Ltd.	32,495		1,142,435
Newcrest Mining, Ltd. (a)	9,177		227,496
NRMA Insurance Group, Ltd. (a)	33,205		154,340
OneSteel, Ltd. (a)	15,917		97,236
Orica, Ltd.	6,343		169,035
Origin Energy, Ltd.	16,785		153,069
Pacific Brands, Ltd.	11,650		31,974
Paladin Resources, Ltd. * (a)	10,985		75,276
PaperlinX, Ltd. (a)	7,388		19,885
Perpetual Trust of Australia, Ltd. (a)	768		49,684
Publishing & Broadcasting, Ltd. (a)	8,619		150,327
Qantas Airways, Ltd., ADR	20,299		100,282
QBE Insurance Group, Ltd. (a)	17,532		524,642
Rio Tinto, Ltd. (a)	5,622		538,695
Santos, Ltd. (a)	11,677		155,590
Sonic Healthcare, Ltd. (a)	5,964		82,372
Stockland Company, Ltd.	28,489		227,005
Stockland, New Shares *	812		6,405
Suncorp-Metway, Ltd.	18,409		330,862
TABCORP Holdings, Ltd. (a)	10,588		142,012
Tattersall's, Ltd. (a)	22,055		77,520
Telstra Corp., Ltd. - Ins Recp.	28,076		71,091
Telstra Corp., Ltd. (a)	59,610		230,102
Toll Holdings, Ltd.	10,797		125,315
Transurban Group, Ltd. *	20,561		132,886
Wesfarmers, Ltd. (a)	7,840		291,528
Westfield Group	34,281		658,610
Westpac Banking Corp., Ltd.	36,400		918,462
Woodside Petroleum, Ltd. (a)	9,095		404,223
Woolworths, Ltd.	24,122		634,499
WorleyParsons, Ltd. (a)	2,756		103,481
Zinifex, Ltd.	9,780		153,433
			18,739,077
Austria - 0.43%
Andritz AG	815		56,142
BetandWin.com Interactive
Entertainment AG * (a)	473		11,231
Erste Bank der Oesterreichischen
Sparkassen AG (a)	3,744		284,526
Flughafen Wien AG	202		20,805
Immoeast Immobilien Anlagen AG * (a)	8,292		90,072

The accompanying notes are an integral part of the financial statements. 

146

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Austria (continued)
Immofinanz Immobilien Anlage AG *	9,056	$	112,664
Mayr-Melnhof Karton AG	142		15,647
Meinl European Land, Ltd. *	6,066		86,246
Oesterreichische Elektrizitaets AG, Class A (a)	1,564		89,882
OMV AG	3,334		221,987
Raiffeisen International Bank Holding AG	723		105,366
RHI AG *	489		22,443
Telekom Austria AG	7,579		197,736
Voestalpine AG	2,205		189,985
Wiener Staedtische Allgemeine
Versicherung AG (a)	598		41,662
Wienerberger Baustoffindustrie AG	1,428		89,050
			1,635,444
Belgium - 0.85%
Agfa Gevaert NV	2,661		51,076
Barco NV	221		18,982
Bekaert SA	264		35,287
Belgacom SA	3,259		150,779
Cofinimmo SA	179		31,574
Colruyt SA	322		67,826
Compagnie Maritime Belge SA	288		21,293
Delhaize Group	1,585		151,439
Dexia	10,674		322,344
Euronav NV	509		15,957
Fortis Group SA	25,195		739,729
Groupe Bruxelles Lambert SA	1,654		200,032
Interbrew	3,741		338,073
KBC Bancassurance Holding NV	3,699		507,411
Mobistar SA	641		55,913
Omega Pharma SA	371		32,440
SA D'Ieteren Trading NV	48		21,360
Solvay SA	1,298		187,816
Suez SA	108		6,356
UCB SA	2,258		132,847
Union Miniere SA	496		118,194
			3,206,728
Bermuda - 0.27%
Brilliance China Automotive Holdings, Ltd. *	46,000		12,552
Central European Media Enterprises, Ltd. *	544		50,789
Cheung Kong Infrastructure Holdings, Ltd.	8,228		30,977
Cosco Pacific, Ltd.	24,000		75,992
Credicorp, Ltd., ADR	76		5,145
Esprit Holdings, Ltd.	19,985		317,682
Frontline, Ltd.	1,058		51,802
Giordano International, Ltd.	27,389		13,220
Johnson Electronic Holdings, Ltd.	27,475		14,358
Li & Fung, Ltd.	42,829		182,468
Noble Group, Ltd. (a)	19,000		27,778
Orient Overseas International, Ltd.	3,938		37,508
SeaDrill, Ltd., GDR *	4,667		104,553
Sinofert Holdings, Ltd.	46,000		36,176

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Bermuda (continued)
TPV Technology, Ltd.	24,000	$	17,237
Yue Yuen Industrial Holdings, Ltd.	11,933		35,710
			1,013,947
Brazil - 1.12%
All America Latina Logistica SA	6,700		95,141
Aracruz Celulose SA, SADR	316		23,254
B2W Companhia Global Do Varejo	1,878		88,382
Banco Bradesco SA, ADR	5,052		148,377
Banco Nossa Caixa SA	559		9,763
Brasil Telecom Participacoes SA, ADR	340		25,371
Brasil Telecom Participacoes SA	1,300		34,579
Braskem SA, SADR (a)	862		16,231
Centrais Eletricas Brasileiras SA, ADR,
B Shares (a)	778		10,913
Centrais Eletricas Brasileiras SA, ADR	1,295		18,827
Centrais Eletricas Brasileiras SA *	3,000		43,906
Cia Brasileira de Distribuicao Grupo Pao de
Acucar, ADR	171		5,185
Cia Brasileira de Distribuicao Grupo Pao de
Acucar *	600		9,108
Cia de Concessoes Rodoviarias, ADR	2,700		54,206
Cia de Saneamento Basico do Estado de Sao
Paulo *	2,160		54,000
Cia Energetica de Minas Gerais, ADR (a)	2,108		44,964
Cia Vale do Rio Doce	21,000		707,807
Companhia Siderurgica Nacional SA, ADR (a)	864		60,929
Companhia Siderurgica Nacional SA	1,500		105,155
Companhia Vale Do Rio Doce, ADR	6,652		225,702
Companhia Vale Do Rio Doce, SADR	9,782		278,298
Cosan SA Industria e Comercio	1,017		13,833
Cyrela Brazil Realty SA	4,000		54,385
Cyrela Commercial Properties SA
Empreendimentos e Participacoes *	4,000		5,071
Diagnosticos da America SA	700		15,996
EDP- Energias do Brasil SA *	900		14,930
Empresa Brasileira de Aeronautica SA *	7,300		80,228
Empresa Brasileira de Aeronautica SA, ADR (a)	397		17,436
Gafisa SA	1,828		30,682
Gerdau SA, SADR (a)	1,709		44,810
Gerdau SA	963		20,827
Lojas Renner SA	2,100		41,931
Natura Cosmeticos SA	2,000		23,939
Perdigao SA	1,628		35,421
Petroleo Brasileiro SA, ADR (a)	3,424		258,512
Petroleo Brasileiro SA, SADR (a)	4,832		312,630
Petroleo Brasileiro SA	16,600		625,887
Redecard SA *	3,476		64,679
Souza Cruz SA	1,500		38,847
Tele Norte Leste Participacoes SA, ADR	1,336		30,007
Tele Norte Leste Participacoes SA	1,200		39,819
Tractebel Energia SA	2,800		34,353
Unibanco - Uniao de Bancos Brasileiros SA *	17,500		231,270

The accompanying notes are an integral part of the financial statements. 

147

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Brazil (continued)
Unibanco - Uniao De Bancos
Brasileiros SA, ADR *	473	$	62,223
Usinas Siderurgicas de Minas Gerais SA,
SADR	588		40,908
Votorantim Celulose & Papel SA, SADR *	467		13,366
Weg SA	2,800		33,896
			4,245,984
Canada - 6.22%
Aber Diamond Corp.	1,264		49,461
Abitibi-Consolidated, Inc. *	6,481		11,451
ACE Aviation Holdings, Inc. *	1,600		42,725
Aeroplan Income Fund, ADR	536		11,971
Agnico-Eagle Mines, Ltd.	2,587		128,110
Agrium, Inc.	2,639		143,534
Alcan Aluminum, Ltd.	7,081		705,363
Alimentation Couche Tard, Inc., ADR	2,400		49,101
ARC Energy Trust, ADR	2,000		42,504
Astral Media, Inc.	1,100		48,410
Bank Nova Scotia Halifax	19,352		1,015,050
Bank of Montreal	9,891		645,400
Barrick Gold Corp.	16,810		674,155
BCE, Inc.	5,338		213,809
Biovail Corp.	2,850		49,553
Bombardier, Inc. *	29,062		172,420
Brookfield Asset Management, Inc.	9,548		365,664
Brookfield Properties Corp.	4,090		101,413
CAE, Inc.	5,184		69,682
Cameco Corp.	7,034		323,967
Canadian Imperial Bank of Commerce	6,570		655,318
Canadian National Railway Company	9,902		564,210
Canadian Natural Resources, Ltd.	10,708		812,224
Canadian Oil Sands Trust, ADR	4,800		159,012
Canadian Pacific Railway, Ltd.	3,126		219,666
Canadian Tire Corp., Ltd.	1,446		115,213
Canadian Utilities, Ltd.	1,000		48,838
Canetic Resources Trust	4,500		68,348
Canfor Corp. *	2,200		24,404
Celestica, Inc. *	3,508		21,341
CGI Group, Inc. *	6,224		71,165
CI Financial Income Fund	967		25,627
Cognos, Inc. *	1,887		77,855
Cott Corp. *	1,369		10,857
Duvernay Oil Corp. *	700		22,297
Eldorado Gold Corp. *	6,100		37,599
Enbridge, Inc.	7,024		256,944
EnCana Corp.	15,036		928,288
Enerplus Resources Fund	2,400		112,995
Ensign Energy Services, Inc., ADR	2,700		50,902
Fairfax Financial Holdings, Ltd.	341		83,019
Finning International, Inc.	3,362		108,202
First Calgary Petroleums, Ltd. *	5,800		28,122
First Quantum Minerals, Ltd., ADR	1,400		137,168

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Fording Canadian Coal Trust	2,900	$	111,936
Fortis, Inc.	3,200		86,895
George Weston, Ltd.	1,064		75,836
Gildan Activewear, Inc. *	2,200		86,993
Goldcorp, Inc.	14,028		428,099
Great-West Lifeco, Inc.	5,224		191,361
Harvest Energy Trust	2,400		64,496
Husky Energy, Inc.	4,948		205,887
IGM Financial, Inc.	2,304		121,659
Imperial Oil, Ltd.	6,427		318,011
Ivanhoe Mines, Ltd. *	4,600		59,662
Jazz Air Income Fund, ADR *	517		4,110
Jean Coutu Group, Inc.	2,900		38,574
Kinross Gold Corp. *	11,481		171,267
Loblaw Companies, Ltd.	2,063		93,339
Lundin Mining Corp. *	6,800		86,762
Magna International, Inc.	2,157		207,764
Manulife Financial Corp.	30,676		1,262,885
MDS, Inc.	2,609		56,284
Meridian Gold, Inc. *	1,927		63,972
Methanex Corp.	2,133		53,595
MI Developments, Inc., Class A	929		30,720
National Bank of Canada	3,132		171,354
Nexen, Inc.	9,436		287,868
Niko Resources, Ltd.	900		87,863
Nortel Networks Corp. *	8,376		141,765
Nova Chemicals Corp.	1,651		63,494
Onex Corp.	1,868		68,539
Open Text Corp. *	1,058		27,572
OPTI Canada, Inc. *	3,300		61,684
Pan American Silver Corp. *	1,500		43,533
Penn West Energy Trust	4,880		151,375
Petro-Canada	9,608		550,448
Potash Corp. of Saskatchewan, Inc.	6,289		663,213
Power Corp. Of Canada	6,583		263,413
Power Financial Corp.	4,778		199,053
Precision Drilling Trust, ADR	1,300		24,887
PrimeWest Energy Trust	3,000		79,084
Provident Energy Trust	3,900		49,487
QLT, Inc. *	300		1,683
Quebecor World, Inc. *	1,581		15,284
Research In Motion, Ltd. *	10,000		981,278
RioCan Real Estate Investment Trust	2,100		52,387
Ritchie Bros. Auctioneers, Inc.	500		32,606
Rogers Communications, Inc., Class B	9,658		439,004
RONA, Inc. *	2,200		48,101
Royal Bank of Canada	25,324		1,399,474
Saputo, Inc.	1,500		79,205
Shaw Communications, Inc.	7,098		175,998
Sherritt International Corp., ADR	4,800		76,711
Shoppers Drug Mart Corp.	3,944		215,304
SNC-Lavalin Group, Inc.	2,887		128,533

The accompanying notes are an integral part of the financial statements. 

148

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Sun Life Financial, Inc.	11,348	$	594,655
Suncor Energy, Inc.	9,098		862,719
Talisman Energy, Inc.	20,774		407,284
Teck Cominco, Ltd.	8,388		397,612
Telus Corp. - Non Voting Shares	3,156		177,419
Telus Corp.	1,205		69,555
Thomson Corp.	4,402		184,096
TransAlta Corp.	4,179		131,308
Trans-Canada Corp.	10,750		393,568
Trican Well Service, Ltd.	2,300		46,755
TSX Group, Inc.	1,176		56,666
UTS Energy Corp. *	8,600		47,655
Western Oil Sands, Inc. *	2,900		113,362
Yamana Gold, Inc.	5,700		67,234
Yellow Pages Income Fund	4,500		61,346
			23,514,898
Cayman Islands - 0.18%
Agile Property Holdings, Ltd.	31,800		66,799
ASM Pacific Technology, Ltd.	3,586		31,779
Belle International Holdings, Ltd., GDR	39,882		52,565
Country Garden Holdings Company, Ltd. *	68,000		115,707
Foxconn International Holdings, Ltd. *	41,000		112,405
Hengan International Group Company, Ltd.,
GDR	12,000		45,332
Hutchison Telecommunications
International, Ltd. *	28,277		39,308
Kingboard Chemical Holdings, Ltd.	10,228		65,034
Shimao Property Holdings, Ltd., GDR	30,500		92,843
Tingyi Cayman Islands Holding Corp., GDR	32,000		49,426
Xinao Gas Holdings, Ltd., GDR	10,000		20,388
			691,586
Chile - 0.21%
Banco Santander Chile SA, ADR	1,794		90,723
Cia Cervecerias Unidas SA, ADR	1,131		43,543
Compania de Telecomunicaciones de Chile
SA, SADR (a)	4,451		36,632
Distribucion y Servicio D&S SA, ADR (a)	1,922		58,294
Embotelladora Andina SA, ADR, Series A	514		8,735
Embotelladora Andina SA, ADR, Series B (a)	1,218		22,691
Empresa Nacional de Electricidad SA, ADR (a)	4,340		186,403
Enersis SA, SADR	10,330		183,254
Lan Airlines SA, SADR	4,420		70,941
Sociedad Quimica y Minera de
Chile SA, ADR, B Shares	409		70,933
Vina Concha Y Toro SA, ADR (a)	512		23,941
			796,090
China - 1.47%
Air China, Ltd., Class H	50,000		71,307
Aluminum Corp. of China, Ltd.	62,000		177,958
Angang New Steel Company, Ltd. Class H	18,000		69,389
Bank of China, Ltd.	470,400		252,478

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China (continued)
Bank of Communications Company, Ltd.,
Class H	114,700	$	138,628
Beijing Capital International Airport Company,
Ltd., Class H	34,000		70,632
Beijing Datang Power Generation
Company , Ltd., Class H	60,000		68,964
BYD Company, Ltd., H Shares	3,000		22,396
Chaoda Modern Agriculture Holdings, Ltd.	40,000		32,384
China Construction Bank	496,800		454,645
China Life Insurance Company, Ltd.	143,000		820,903
China Mengniu Dairy Company, Ltd.	20,000		86,624
China Petroleum & Chemical Corp., Class H	338,000		420,692
China Shipping Container Lines Company, Ltd.	66,650		51,472
China Shipping Development Company, Ltd.,
Class H	26,000		84,500
China Telecom Corp., Ltd.	276,000		208,174
China Travel International Investment
Hong Kong, Ltd.	58,000		43,000
COSCO Holdings	52,835		165,253
Dongfeng Motor Group Company, Ltd.	56,000		49,086
Guangdong Investment, Ltd.	46,000		31,676
Guangshen Railway Company, Ltd., Class H	30,000		25,833
Guangzhou R&F Properties Company, Ltd. -
H Shares	20,400		96,364
Huadian Power International Corp., Ltd.,
Class H	28,000		17,948
Huaneng Power International, Inc., Class H	62,000		85,867
Hunan Non Ferrous Metal Corp., Ltd.	30,000		30,930
Industrial & Commercial Bank of China	596,600		416,969
Jiangsu Expressway, Ltd.	26,000		33,465
Jiangxi Copper Company, Ltd., Class H	30,000		97,500
Lenovo Group, Ltd.	74,000		57,053
Maanshan Iron & Steel Company, Ltd.	36,000		39,247
PetroChina Company, Ltd., Class H	388,000		736,123
PICC Property & Casualty Company, Ltd.,
Class H	48,000		93,538
Shanghai Electric Group Company, Ltd.	58,000		45,315
Shanghai Forte Land Company	22,000		17,528
Shenzhen Expressway Company, Ltd.	14,000		14,416
Shui On Land, Ltd.	34,500		42,052
Sinopec Shanghai Petrochemical
Company, Ltd., H Shares	50,000		41,188
Sinopec Yizheng Chemical Fibre
Company, Ltd. *	30,000		16,141
Sinotrans, Ltd.	25,000		15,252
Tsingtao Brewery Company, Ltd., Series H	6,000		21,971
Weichai Power Company, Ltd.	3,000		23,863
Yanzhou Coal Mining Company, Ltd., Class H	40,000		82,376
Zhejiang Expressway Company, Ltd., Class H	30,000		42,630
Zijin Mining Group, Ltd.	85,902		133,564
ZTE Corp., Class H	3,800		20,053
			5,567,347

The accompanying notes are an integral part of the financial statements. 

149

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Colombia - 0.04%
BanColombia SA, ADR	4,615	$	159,910
Czech Republic - 0.12%
CEZ AS	4,187		257,792
Komercni Banka AS	308		71,507
Philip Morris CR AS	14		7,237
Telefonica Czech Republic AS	2,281		64,383
Unipetrol AS *	1,475		23,348
Zentiva NV (a)	464		28,328
			452,595
Denmark - 0.69%
A P Moller- Maersk AS	22		301,350
Bang & Olufsen A/S, Series B *	182		20,485
Carlsberg AS, B Shares	652		88,811
Coloplast AS	525		49,778
Dampskibsselskabet Torm AS, ADR	500		20,318
Danisco AS (a)	981		76,077
Danske Bank AS (a)	9,198		372,447
Det Ostasiatiske Kompagni A/S	361		26,894
DSV AS, ADR	4,080		95,934
FLS Industries AS, B Shares	1,117		118,482
GN Store Nord AS * (a)	3,966		40,101
H. Lundbeck AS (a)	1,010		27,361
Jyske Bank * (a)	1,201		93,138
NKT Holding A/S	511		57,127
Novo Nordisk AS (a)	4,895		589,258
Novozymes AS, B Shares (a)	964		120,827
Sydbank AS (a)	1,290		55,988
Topdanmark AS * (a)	353		57,916
TrygVesta AS (a)	477		38,129
Vestas Wind Systems AS * (a)	3,844		302,871
William Demant Holdings AS * (a)	582		51,297
			2,604,589
Egypt - 0.12%
Alexandria Mineral Oils Company	325		4,150
Commercial International Bank	3,132		43,156
Credit Agricole Egypt *	1,083		3,456
Eastern Tobacco	213		15,248
Egyptian Company for Mobile Services	661		22,108
Egyptian Financial Group-Hermes Holding	3,297		26,789
Egyptian International Pharmaceutical
Industries Company	613		3,105
EL Ezz Aldekhela Steel Alexandria	52		9,600
El Ezz Steel Company	569		5,398
El Watany Bank of Egypt	1,134		15,221
Medinet Nasr Housing	605		5,254
Misr Beni Suef Cement Company	246		5,723
Olympic Group Financial Investments	681		8,533
Orascom Construction Industries	1,527		128,044
Orascom Hotels & Development *	1,633		19,143
Orascom Telecom Holding SAE	9,355		122,222
Oriental Weavers	302		3,480

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Egypt (continued)
Sidi Kerir Petrochemicals Company	2,480	$	7,714
Telecom Egypt	6,452		19,642
			467,986
Finland - 1.47%
Amer Sports Oyj, Series A	1,410		32,577
Cargotec Corp. Oyj, B Shares (a)	717		35,130
Elisa Oyj, A Shares (a)	3,107		96,302
Fortum Corp. Oyj	9,076		332,155
KCI Konecranes Oyj	1,136		45,564
Kesko Oyj (a)	1,369		90,685
Kone Corp. Oyj	1,532		111,415
Metra Oyj, B Shares (a)	1,369		93,527
Metso Oyj	2,627		180,404
Neste Oil Oyj (a)	2,575		93,981
Nokia AB Oyj	83,344		3,159,169
Nokian Renkaat Oyj	2,100		81,989
OKO Bank, Series A (a)	2,000		41,232
Orion Oyj, Series B (a)	1,803		45,682
Outokumpu Oyj (a)	2,387		85,491
Rautaruukki Oyj	1,681		101,553
Sampo Oyj, A Shares (a)	8,840		269,096
SanomaWSOY Oyj (a)	1,730		53,646
Stora Enso Oyj, R Shares (a)	11,947		232,032
TietoEnator Oyj (a)	1,416		31,689
UPM-Kymmene Oyj	10,684		257,631
Uponor Oyj (a)	1,034		32,005
YIT Oyj	2,528		74,905
			5,577,860
France - 7.09%
Accor SA	3,790		335,496
Aeroports de Paris (a)	634		72,835
Air France KLM (a)	2,436		89,255
Air Liquide	4,686		625,347
Alcatel-Lucent	44,522		455,770
Alstom (a)	2,038		413,115
Atos Origin SA * (a)	1,306		75,760
AXA Group SA (a)	30,449		1,358,515
BNP Paribas SA	16,309		1,779,457
Bouygues SA	4,238		364,488
Business Objects SA * (a)	1,771		78,814
Cap Gemini SA	2,633		161,798
Carrefour SA	11,597		810,085
Casino Guich-Perrachon SA (a)	852		89,084
CNP Assurances SA	844		107,652
Compagnie de Saint-Gobain SA (a)	6,533		679,834
Compagnie Generale des Etablissements
Michelin, Class B	2,756		369,434
Credit Agricole SA (a)	12,952		498,130
Dassault Systemes SA (a)	1,015		66,413
Essilor International SA (a)	3,947		246,921

The accompanying notes are an integral part of the financial statements. 

150

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
European Aeronautic Defence &
Space Company (a)	6,561	$	201,121
France Telecom SA (a)	35,771		1,194,682
Gaz de France	4,017		208,122
Gecina SA	241		40,776
Groupe DANONE	8,569		672,524
Hermes International SA (a)	1,377		154,511
Icade	591		42,938
Imerys SA (a)	643		58,519
Klepierre SA (a)	1,422		81,337
Lafarge SA (a)	2,962		457,565
Lagardere S.C.A. (a)	2,333		197,995
L'Oreal SA (a)	4,834		632,314
LVMH Moet Hennessy SA (a)	4,814		575,421
M6-Metropole Television	1,088		31,480
Neopost SA	650		91,419
PagesJaunes Groupe SA (a)	2,194		44,951
Pernod-Ricard SA (a)	1,734		377,280
Pinault-Printemps-Redoute SA (a)	1,509		283,077
PSA Peugeot Citroen SA (a)	3,045		250,585
Publicis Groupe SA (a)	2,879		118,053
Renault Regie Nationale SA	3,639		525,775
Safran SA (a)	2,966		71,395
Sanofi-Aventis SA (a)	19,799		1,671,559
Schneider Electric SA (a)	4,185		527,191
SCOR SE (a)	3,632		97,031
Societe BIC SA (a)	499		42,654
Societe Des Autoroutes Paris-Rhin-Rhone	476		49,878
Societe Generale	7,160		1,197,992
Societe Television Francaise 1	2,434		65,233
Sodexho Alliance (a)	1,819		125,433
STMicroelectronics NV	13,354		223,853
Suez SA Strip VVPR *	1,336		19
Suez SA	19,808		1,163,132
Technip SA (a)	2,043		182,127
Thales SA (a)	1,721		100,593
Thomson SA (a)	4,724		71,733
Total SA	41,884		3,395,578
Unibail-Rodamco (a)	1,460		374,666
Valeo SA (a)	1,391		77,171
Vallourec SA	952		273,418
Veolia Environnement SA	6,807		584,466
Vinci SA, ADR	7,820		609,181
Vivendi SA	22,413		943,257
Zodiac SA (a)	707		50,502
			26,816,710
Germany - 6.08%
Adidas-Salomon AG (a)	4,017		262,723
Allianz AG	8,879		2,068,468
Altana AG (a)	1,345		32,318
Arcandor AG *	1,054		35,187
BASF AG	9,820		1,354,321

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
Bayer AG	14,219	$	1,128,489
Beiersdorf AG	1,788		133,515
Bilfinger Berger AG (a)	677		52,758
Celesio AG	1,754		110,377
Commerzbank AG	12,441		502,180
Continental AG	2,668		367,880
DaimlerChrysler AG	18,165		1,824,419
Deutsche Bank AG	10,181		1,308,281
Deutsche Boerse AG	4,072		552,904
Deutsche Lufthansa AG	4,759		136,477
Deutsche Post AG, GDR	918		26,360
Deutsche Post AG	14,570		422,599
Deutsche Postbank AG (a)	1,640		120,062
Deutsche Telekom AG	55,505		1,087,476
Douglas Holding AG	597		37,187
E.ON AG	12,221		2,252,948
Fresenius Medical Care AG	3,765		199,509
Heidelberger Druckmaschinen AG (a)	1,038		45,278
Henkel KGaA-Vorzug	3,662		187,907
Hochtief AG (a)	746		90,231
Hypo Real Estate Holding AG (a)	2,771		157,119
Infineon Technologies AG * (a)	14,777		254,010
IVG Immobilien AG (a)	1,907		70,875
Linde AG (a)	2,322		287,521
MAN AG	2,261		328,059
Merck & Company AG	1,292		155,407
Metro AG	3,203		288,452
MLP AG	1,181		15,717
Muenchener Rueckversicherungs-
Gesellschaft AG	4,264		817,050
Premiere AG *	1,358		29,232
ProSieben Sat.1 Media AG (a)	1,351		42,336
Qiagen AG * (a)	3,847		74,059
Rheinmetall AG (a)	643		50,931
RWE AG	8,710		1,092,258
Salzgitter AG	835		163,525
SAP AG	17,360		1,013,214
Siemens AG	16,704		2,289,950
Solarworld AG	1,726		99,069
Suedzucker AG (a)	1,120		22,437
Thyssen Krupp AG	7,307		463,977
TUI AG *	4,099		109,799
Volkswagen AG (a)	3,399		765,982
Wincor Nixdorf AG (a)	572		47,170
			22,978,003
Greece - 0.57%
Alpha Bank A.E.	7,877		273,716
Athens Stock Exchange SA (ASE)	1,230		39,348
Bank of Piraeus SA	5,206		185,491
Coca Cola Hellenic Bottling Company SA	2,220		127,834
Cosmote Mobile Communications SA	2,390		81,894
EFG Eurobank Ergas SA	6,356		222,852

The accompanying notes are an integral part of the financial statements. 

151

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Greece (continued)
Folli-Follie SA	310	$	12,606
Greek Organization of Football Prognostics	4,540		175,575
Hellenic Petroleum SA	2,110		33,600
Hellenic Technodomiki Tev SA	2,460		32,808
Hellenic Telecommunications Organization SA	6,470		239,175
Motor Oil Hellas Corinth Refineries SA	878		23,219
National Bank of Greece SA	8,198		521,019
Public Power Corp.	2,040		80,633
Titan Cement Company SA	1,260		64,923
Viohalco SA	1,820		29,862
			2,144,555
Hong Kong - 2.58%
Anhui Conch Cement Company, Ltd., Series H	8,000		69,711
Bank of East Asia, Ltd.	28,678		161,491
Beijing Enterprises Holdings, Ltd.	6,000		30,505
BOC Hong Kong Holdings, Ltd.	71,672		181,919
Cathay Pacific Airways, Ltd.	18,218		49,829
Cheung Kong Holdings, Ltd.	29,151		480,269
China Agri-Industries Holdings, Ltd. *	30,000		20,543
China CITIC Bank *	101,000		78,260
China Communications
Construction Company , Ltd.	84,535		201,076
China Eastern Airlines Corp., Ltd. *	32,000		33,280
China Everbright, Ltd. *	14,000		49,915
China Merchants Holdings International
Company, Ltd.	20,462		127,472
China Mobile, Ltd.	122,500		2,005,599
China Overseas Land & Investment, Ltd.	72,000		164,958
China Resource Power Holdings, Ltd.	24,000		74,293
China Resources Enterprises, Ltd.	24,000		102,095
China Resources Land, Ltd.	36,000		74,972
China Shenhua Energy Company, Ltd.	66,500		400,579
China Southern Airlines Company, Ltd. *	24,000		37,378
Citic 1616 Holdings, Ltd.	1,050		343
Citic Pacific, Ltd.	23,000		146,835
CLP Holdings, Ltd.	25,111		173,241
CNOOC, Ltd.	305,000		513,486
COFCO International, Ltd. *	22,000		13,988
Denway Motors, Ltd.	98,000		57,267
Fu Ji Food & Catering Services Holdings, Ltd.	3,700		11,382
Global Bio-Chem Technology
Group Company, Ltd.	24,000		9,144
Gome Electrical Appliances Holdings, Ltd.	22,000		43,325
Guangzhou Investment Company, Ltd.	70,000		21,894
Hang Lung Properties, Ltd.	43,674		195,624
Hang Seng Bank, Ltd.	14,781		262,355
Henderson Land Development Company, Ltd.	16,399		130,128
Hong Kong & China Gas Company, Ltd.	82,298		192,153
Hong Kong Electric Holdings, Ltd.	26,918		140,146
Hong Kong Exchange & Clearing, Ltd.	20,570		630,133
Hopewell Holdings, Ltd.	11,638		55,574
Hopson Development Holdings, Ltd., GDR	12,000		40,158

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
Hutchison Whampoa, Ltd.	41,423	$	443,861
Hysan Development Company, Ltd.	11,991		33,259
Kerry Properties, Ltd.	9,915		76,443
Li Ning Company, Ltd.	14,000		48,383
Link, REIT	40,634		89,121
Melco International Development	14,000		26,273
MTR Corp., Ltd.	26,438		78,777
New World Development Company, Ltd.	49,694		138,159
Nine Dragons Paper Holdings, Ltd.	25,600		80,069
PCCW, Ltd.	73,652		48,727
Ping An Insurance Group Company of China,
Ltd.	29,000		400,515
Semiconductor Manufacturing
International Corp. *	329,000		38,535
Shanghai Industrial Holdings, Ltd.	12,000		60,006
Shangri-La Asia, Ltd.	23,953		80,776
Shenzhen Investment, Ltd.	32,889		29,421
Shun Tak Holdings, Ltd.	18,000		29,007
Sino Land Company, Ltd.	26,310		65,493
Sun Hung Kai Properties, Ltd.	26,389		444,954
Swire Pacific, Ltd., Class A	17,837		216,498
Techtronic Industries Company, Ltd.	18,985		21,650
Television Broadcasting Company, Ltd.	4,819		28,966
Tencent Holdings, Ltd.	17,000		109,843
Travelsky Technology, Ltd.	12,000		12,866
Weiqiao Textile Company, Ltd.	7,000		13,154
Wharf Holdings, Ltd.	23,332		115,020
Wing Hang Bank, Ltd.	3,564		41,011
			9,752,107
Hungary - 0.19%
Gedeon Richter Rt.	301		64,166
Magyar Telekom Rt.	10,092		56,065
MOL Magyar Olaj & Gazipari Rt.	1,763		284,830
OTP Bank Rt.	5,721		309,879
			714,940
India - 1.17%
Bajaj Auto, Ltd., ADR	977		61,551
Dr. Reddy's Laboratories, Ltd., SADR (a)	3,186		52,123
Grasim Industries, Ltd., ADR	1,051		93,539
ICICI Bank, Ltd., SADR (a)	11,855		624,996
Infosys Technologies, Ltd., ADR	16,857		815,710
Larsen & Toubro, Ltd., ADR	2,866		201,959
Ranbaxy Laboratories, Ltd., ADR	4,394		47,148
Reliance Capital, Ltd. *	811		32,230
Reliance Communication, Ltd., ADR	18,700		275,356
Reliance Energy, Ltd., ADR	405		36,757
Reliance Industries, Ltd., GDR	13,165		1,507,392
Reliance Natural Resources, Ltd., ADR *	8,110		36,655
Satyam Computer Services, Ltd., ADR	9,962		257,916
State Bank of India, Ltd., ADR (a)	709		79,408
Tata Motors, Ltd., SADR (a)	8,526		163,188

The accompanying notes are an integral part of the financial statements. 

152

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
Videsh Sanchar Nigam, Ltd., SADR	977	$	21,416
Wipro, Ltd., ADR (a)	7,013		101,268
			4,408,612
Indonesia - 0.29%
Aneka Tambang Tbk PT	71,375		21,658
Astra Agro Lestari Tbk PT	8,342		15,325
Astra International Tbk PT	43,017		90,550
Bank Central Asia Tbk PT	129,113		86,828
Bank Danamon Indonesia Tbk PT	36,741		33,949
Bank Internasional Indonesia Tbk PT	362,500		9,315
Bank Mandiri Tbk PT	151,122		58,251
Bank Pan Indonesia Tbk PT *	113,801		8,711
Bank Rakyat Indonesia Tbk PT	115,999		83,717
Berlian Laju Tanker Tbk PT	43,000		9,169
Bumi Resources Tbk PT	369,220		144,337
Energi Mega Persada Tbk PT *	83,500		7,761
Gudang Garam Tbk PT	11,018		11,325
Indocement Tunggal Prakarsa Tbk PT	20,013		13,349
Indofood Sukses Makmur Tbk PT	90,595		19,120
Indosat Tbk PT, ADR	523		22,280
Indosat Tbk PT	26,000		21,892
International Nickel Indonesia Tbk PT	4,000		27,775
Kalbe Farma Tbk PT	108,929		15,842
Perusahaan Gas Negara Tbk PT	43,503		57,322
PT Telekomunikiasi Indonesia, ADR	2,899		141,529
Ramayana Lestari Sentosa Tbk PT	40,369		3,752
Semen Gresik Persero Tbk PT	30,860		17,885
Telekomunikasi Indonesia Tbk PT	98,000		117,879
Unilever Indonesia Tbk PT	32,500		24,166
United Tractors Tbk PT	27,532		24,687
			1,088,374
Ireland - 0.62%
Allied Irish Banks PLC - London	1,204		28,828
Allied Irish Banks PLC	16,539		399,757
Bank of Ireland - London	1,043		19,352
Bank of Ireland	19,146		353,883
C&C Group PLC - London	458		3,757
C&C Group PLC	5,908		48,720
CRH PLC - London	704		27,666
CRH PLC	10,326		408,880
DCC PLC - London UK	321		9,493
DCC PLC	1,314		38,673
Depfa Bank PLC	6,673		137,761
Elan Corp PLC - London *	1,054		22,074
Elan Corp. *	7,649		160,303
Experian Group, Ltd.	20,151		212,388
Grafton Group PLC *	4,309		48,118
Greencore Group PLC	3,115		20,196
Iaws Group PLC	454		10,038
Iaws Group PLC	1,734		38,436
Independent News & Media PLC	11,126		41,287

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Ireland (continued)
Irish Life & Permanent PLC - London	313	$	6,933
Irish Life & Permanent PLC	4,627		102,298
Kerry Group PLC	2,393		70,769
Kerry Group PLC - London	270		7,931
Kingspan Group PLC - London	162		3,540
Kingspan Group PLC	2,426		53,119
Paddy Power PLC - London	174		6,130
Paddy Power PLC	712		24,903
Ryanair Holdings PLC, SADR *	1,362		56,537
			2,361,770
Israel - 0.40%
Africa-Israel Investments, Ltd.	259		23,850
Aladdin Knowledge Systems, ADR *	144		3,220
Alvarion, Ltd., ADR *	1,474		21,402
Audio Codes, Ltd., ADR *	632		3,457
Bank Hapoalim, Ltd.	19,449		99,230
Bank Leumi Le-Israel, Ltd.	17,480		76,480
Bezek Israeli Telecommunications Corp., Ltd.	21,603		36,937
Check Point Software Technologies, Ltd. *	3,926		98,857
Clal Industries & Investments, Ltd.	1,227		7,024
Clal Insurance Enterprise Holdings, Ltd.	327		8,505
Discount Investment Corp.	492		15,245
ECI Telecom, Ltd., ADR *	1,010		10,060
Elbit Systems, Ltd.	482		22,540
Given Imaging Corp., ADR * (a)	414		11,393
Harel Insurance Investments, Ltd.	145		7,993
ICL Israel Chemicals, Ltd.	10,597		97,108
IDB Development Corp., Ltd.	339		11,407
Israel Corp., Ltd.	48		38,694
Israel Discount Bank, Ltd. *	8,360		18,934
Koor Industries, Ltd.	167		13,245
Makhteshim-Agam Industries, Ltd. *	5,876		52,018
Migdal Insurance Holdings, Ltd.	5,069		8,463
Nice Systems, Ltd. *	1,055		38,256
Orbotech, Ltd. *	594		12,492
Partner Communications, Ltd.	1,609		26,718
RADWARE, Ltd., ADR *	269		4,221
Retalix, Ltd. *	247		4,591
Strauss-Elite, Ltd. *	571		7,617
Super-Sol, Ltd. *	1,843		7,082
Syneron Medical, Ltd., ADR *	462		10,922
Teva Pharmaceutical Industries, Ltd.	15,435		684,549
United Mizrahi Bank, Ltd.	2,283		17,017
			1,499,527
Italy - 2.69%
Alleanza Assicuraz SpA	8,001		106,193
Assicurazioni Generali SpA	20,175		885,213
Autogrill SpA	2,071		39,781
Autostrade SpA	4,974		167,536
Banca Intesa SpA - Non convertible	17,583		128,373
Banca Monte dei Paschi Siena SpA	20,779		127,111

The accompanying notes are an integral part of the financial statements. 

153

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Banca Popolare di Milano SpA	8,169	$	120,328
Banche Popolari Unite SpA	11,325		303,521
Banco Popolare Scarl *	12,785		285,572
Bulgari SpA (a)	2,882		45,238
Capitalia SpA	31,486		299,938
Enel SpA	82,770		934,398
Eni SpA	49,718		1,837,208
Fiat SpA (a)	13,559		408,890
Finmeccanica SpA (a)	5,592		162,433
Fondiaria-Sai SpA	1,385		64,846
Intesa Sanpaolo SpA (a)	147,233		1,133,554
Italcementi SpA (a)	1,317		29,099
Lottomatica SpA (a)	1,367		49,270
Luxottica Group SpA (a)	2,513		85,287
Mediaset SpA (a)	14,850		152,863
Mediobanca SpA	9,182		200,263
Mediolanum SpA	4,491		31,671
Mondadori (Arnoldo) Editore SpA	1,879		18,127
Parmalat SpA	30,744		108,842
Pirelli & Company SpA *	54,326		65,268
Seat Pagine Gialle SpA	71,507		39,752
Snam Rete Gas SpA (a)	16,081		99,744
T.E.R.N.A SpA	22,790		84,004
Telecom Italia SpA (a)	205,084		621,812
Telecom Italia SpA-RNC	116,917		281,099
UniCredito Italiano SpA	149,391		1,274,424
			10,191,658
Japan - 15.16%
Access Company, Ltd. * (a)	4		13,220
Acom Company, Ltd.	1,333		29,679
Aderans Company, Ltd. (a)	717		14,997
Advantest Corp. (a)	3,020		94,030
AEON Company, Ltd. (a)	12,496		176,387
AEON Credit Service Company, Ltd. (a)	1,423		15,284
Aeon Mall Company, Ltd. (a)	900		27,474
Aiful Corp. (a)	1,398		21,886
Aisin Seiki Company	3,821		152,534
Ajinomoto Company, Inc. (a)	11,695		146,467
Alfresa Holdings Corp. (a)	576		36,720
All Nippon Airways Company, Ltd. (a)	13,285		51,763
Alps Electric Company, Ltd. (a)	3,662		44,015
Amada Company, Ltd.	7,171		80,080
Aoyama Trading Company, Ltd. (a)	858		21,790
Asahi Breweries, Ltd.	7,799		118,701
Asahi Glass Company, Ltd. (a)	18,809		252,739
Asahi Kasei Corp. (a)	23,037		185,931
ASATSU-DK, Inc. (a)	752		24,199
Asics Corp. (a)	3,000		46,391
Astellas Pharmaceuticals, Inc. (a)	10,605		508,206
Autobacs Seven Company, Ltd. (a)	447		11,605
Bank of Kyoto, Ltd. (a)	6,000		72,691

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Benesse Corp. (a)	1,546	$	59,162
Bridgestone Corp. (a)	11,947		263,919
Canon Sales Company, Inc. (a)	1,500		30,005
Canon, Inc.	20,626		1,124,761
Casio Computer Company, Ltd. (a)	4,267		61,084
Central Glass Company, Ltd.	4,114		20,717
Central Japan Railway Company, Ltd.	31		328,927
Chiba Bank, Ltd. (a)	15,104		116,649
Chiyoda Corp. (a)	3,000		54,009
Chubu Electric Power Company, Inc. (a)	12,723		329,196
Chugai Pharmaceutical Company, Ltd. (a)	5,584		92,128
Circle K Sunkus Company, Ltd.	1,088		16,891
Citizen Watch Company, Ltd. (a)	7,565		76,058
Coca-Cola West Japan Company, Ltd. (a)	1,323		31,067
COMSYS Holdings Corp. (a)	2,057		22,541
Credit Saison Company, Ltd. (a)	3,109		80,037
CSK Corp. (a)	1,310		51,156
Dai Nippon Printing Company, Ltd. (a)	12,047		172,040
Daicel Chemical Industries, Ltd.	4,466		35,307
Daido Steel Company, Ltd. (a)	7,000		59,602
Daifuku Company, Ltd. (a)	1,500		17,116
Daiichi Sankyo Company, Ltd. (a)	13,328		399,910
Daikin Industries, Ltd. (a)	5,185		249,374
Dainippon Ink & Chemicals, Inc. (a)	10,990		48,651
Dainippon Screen Manufacturing
Company, Ltd. (a)	3,762		22,641
Daito Trust Construction Company, Ltd. (a)	1,581		76,176
Daiwa House Industry Company, Ltd.	10,285		134,086
Daiwa Securities Group, Inc. (a)	26,649		253,557
Denki Kagaku Kogyo Kabushiki Kaisha	9,523		53,421
Denso Corp. (a)	9,478		356,929
Dentsu, Inc. (a)	39		110,576
Dowa Mining Company, Ltd.	5,466		69,169
E-Access, Ltd. (a)	17		9,433
East Japan Railway Company (a)	67		527,935
Ebara Corp. (a)	7,466		34,479
EDION Corp. (a)	1,300		14,461
Eisai Company, Ltd. (a)	4,948		233,672
Electric Power Development Company, Ltd.	3,000		116,629
Elpida Memory, Inc. *	1,800		66,064
Familymart Company, Ltd.	1,240		32,300
Fanuc, Ltd.	3,821		389,145
Fast Retailing Company, Ltd. (a)	1,134		65,389
Fuji Electric Holdings Company, Ltd. (a)	10,580		47,112
Fuji Photo Film Company, Ltd.	9,333		431,016
Fuji Software ABC, Inc. (a)	782		15,983
Fuji Television Network, Inc. (a)	10		20,090
Fujikura, Ltd. (a)	6,523		41,244
Fujitsu, Ltd.	36,379		256,912
Fukuoka Financial Group, Inc. * (a)	16,000		93,651
Furukawa Electric Company, Ltd. (a)	11,638		56,884
Glory, Ltd.	1,400		44,443

The accompanying notes are an integral part of the financial statements. 

154

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Goodwill Group, Inc. * (a)	21	$	3,934
Gunma Bank (a)	6,523		43,456
Gunze, Ltd.	2,762		13,596
Hakuhodo DY Holdings, Inc.	460		32,246
Hankyu Department Stores (a)	2,409		19,883
Hankyu Hanshin Holdings, Inc. (a)	22,600		115,378
Haseko Corp. *	18,500		44,247
Hikari Tsushin, Inc. (a)	600		16,438
Hino Motors, Ltd. (a)	5,114		39,051
Hirose Electric Company, Ltd. (a)	617		74,965
Hitachi Cable, Ltd. (a)	3,409		21,110
Hitachi Capital Corp. (a)	493		6,196
Hitachi Chemical, Ltd. (a)	1,816		37,511
Hitachi Construction Machinery Company, Ltd.	1,957		78,123
(a)
Hitachi High-Technologies Corp. (a)	1,100		25,161
Hitachi, Ltd. (a)	66,882		444,988
Hokkaido Electric Power Company, Inc. (a)	3,532		76,335
Hokuhoku Financial Group, Inc. (a)	22,866		64,633
Honda Motor Company, Ltd. (a)	30,138		1,011,764
House Food Corp. (a)	1,199		20,908
Hoya Corp. (a)	8,108		276,425
Ibiden Company, Ltd. (a)	2,500		210,254
Idemitsu Kosan Company, Ltd. (a)	400		44,982
Inpex Holdings, Inc. (a)	16		164,202
Isetan Company, Ltd.	4,138		55,747
Ishikawajima-Harima Heavy Industries
Company, Ltd. (a)	24,866		78,071
ITO EN, Ltd. (a)	1,094		26,641
Itochu Corp. (a)	29,798		361,526
Itochu Techno-Science Corp. (a)	552		19,443
J Front Retailing Company, Ltd. * (a)	8,760		86,088
JAFCO Company, Ltd. (a)	647		23,971
Japan Airlines System Corp. * (a)	16,047		34,751
Japan Petroleum Exploration Company, Ltd. (a)	600		44,564
Japan Prime Realty Investment Corp., REIT	12		49,991
Japan Real Estate Investment Corp., REIT (a)	8		96,017
Japan Retail Fund Investment Corp., REIT	6		52,183
Japan Tobacco, Inc. (a)	86		471,960
JFE Holdings, Inc. (a)	11,438		809,752
JGC Corp. (a)	4,114		79,253
Joyo Bank, Ltd. (a)	12,047		67,161
JS Group Corp. (a)	5,084		88,344
JSR Corp. (a)	3,667		89,777
Jupiter Telecommunications Company, Ltd. *	100		77,579
Kajima Corp. (a)	17,809		61,181
Kamigumi Company, Ltd. (a)	4,466		37,482
Kaneka Corp.	5,171		43,444
Kansai Electric Power Company, Ltd. (a)	14,722		336,104
Kansai Paint Company, Ltd. (a)	3,762		28,825
Kao Corp. (a)	10,638		317,345
Kawasaki Heavy Industries, Ltd. (a)	25,037		97,988

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Kawasaki Kisen Kaisha, Ltd. (a)	10,933	$	160,410
KDDI Corp.	48		355,679
Keihin Electric Express Railway
Company, Ltd. (a)	8,933		57,880
Keio Electric Railway Company, Ltd. (a)	12,285		76,501
Keisei Electric Railway Company, Ltd. (a)	5,000		27,700
Keyence Corp. (a)	652		144,599
Kikkoman Corp.	2,762		41,653
Kinden Corp. (a)	3,409		31,131
Kintetsu Corp. (a)	33,208		103,107
Kirin Brewery Company, Ltd. (a)	15,104		199,670
KK DaVinci Advisors * (a)	20		15,011
Kobe Steel Company, Ltd. (a)	48,483		180,894
Kokuyo Company, Ltd. (a)	1,269		13,178
Komatsu, Ltd. (a)	17,670		593,201
Komori Corp. (a)	605		14,812
Konami Corp. (a)	1,857		50,551
Konica Minolta Holdings, Inc.	9,609		162,713
Kose Corp. (a)	900		23,874
Koyo Seiko Company, Ltd. (a)	3,357		59,123
Kubota Corp. (a)	21,218		174,571
Kuraray Company, Ltd. (a)	6,700		84,784
Kurita Water Industries, Ltd.	2,181		73,977
Kyocera Corp. (a)	3,162		296,180
KYOWA HAKKO KOGYO COMPANY, LTD. (a)	6,523		67,113
Kyushu Electric Power Company, Inc. (a)	7,469		197,476
Lawson, Inc. (a)	1,269		40,063
LeoPalace21 Corp. (a)	2,498		81,905
Mabuchi Motor Company, Ltd. (a)	482		31,398
Makita Corp. (a)	2,157		94,549
Marubeni Corp. (a)	30,798		282,319
Marui Company, Ltd. (a)	6,236		68,771
Matsui Securities Company, Ltd. (a)	2,900		22,195
Matsumotokiyoshi Company, Ltd. (a)	652		12,050
Matsushita Electric Industrial Company, Ltd.	38,607		723,587
Matsushita Electric Works, Ltd. (a)	6,819		82,139
Mediceo Holdings Company, Ltd. (a)	2,910		44,442
Meiji Dairies Corp. (a)	4,114		23,221
Meiji Seika Kaisha, Ltd. (a)	7,466		37,531
Meitec Corp. (a)	617		18,084
Millea Holdings, Inc. (a)	15,800		634,858
Minebea Company, Ltd.	7,523		51,427
Mitsubishi Chemical Holdings Corp, ADR (a)	23,000		200,035
Mitsubishi Corp. (a)	26,644		843,487
Mitsubishi Electric Corp. (a)	38,027		476,247
Mitsubishi Estate Company, Ltd.	23,218		664,352
Mitsubishi Gas & Chemicals Company, Inc. (a)	7,171		66,421
Mitsubishi Heavy Industries, Ltd. (a)	61,063		398,837
Mitsubishi Logistc Corp. (a)	2,057		28,946
Mitsubishi Materials Corp. (a)	22,980		142,701
Mitsubishi Rayon Company, Ltd. (a)	9,990		70,724
Mitsubishi Securities Company, Ltd. (a)	5,000		43,747

The accompanying notes are an integral part of the financial statements. 

155

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Mitsubishi UFJ Financial Group, Inc. (a)	160,000	$	1,522,415
Mitsubishi UFJ Lease & Finance
Company, Ltd. (a)	650		21,539
Mitsui & Company, Ltd. (a)	33,389		810,187
Mitsui Chemicals, Inc. (a)	12,990		128,906
Mitsui Engineering & Shipbuilding
Company, Ltd. (a)	13,638		77,216
Mitsui Fudosan Company, Ltd.	16,752		464,767
Mitsui Mining & Smelting Company, Ltd.	9,990		43,008
Mitsui O.S.K. Lines, Ltd. (a)	21,513		348,197
Mitsui Sumitomo Insurance Company, Ltd. (a)	23,741		278,541
Mitsui Trust Holdings, Inc.	13,990		109,019
Mitsukoshi, Ltd. (a)	7,171		32,493
Mitsumi Electric Company, Ltd. (a)	1,399		57,065
Mizuho Financial Group, Inc. (a)	194		1,105,149
Murata Manufacturing Company, Ltd. (a)	4,196		302,165
Namco Bandai Holdings, Inc. (a)	4,067		59,070
NEC Corp. (a)	40,617		197,115
NEC Electronics Corp. * (a)	652		18,713
NGK INSULATORS, LTD. (a)	5,171		166,400
NGK Spark Plug Company, Ltd. (a)	3,762		58,403
NHK Spring Company, Ltd. (a)	3,000		22,856
NICHIREI Corp. (a)	4,466		20,469
Nidec Corp. (a)	2,186		152,666
Nikko Cordial Corp. (a)	8,000		100,400
Nikon Corp. (a)	5,819		199,905
Nintendo Company, Ltd.	1,992		1,036,020
Nippon Building Fund, Inc., REIT (a)	9		130,718
Nippon Electric Glass Company, Ltd. (a)	7,000		112,628
Nippon Express Company, Ltd. (a)	16,809		83,475
Nippon Kayaku Company, Ltd.	2,409		20,030
Nippon Light Metal Company, Ltd.	7,876		17,330
NIPPON MEAT PACKERS, Inc.	3,762		41,749
Nippon Mining Holdings, Inc.	17,632		176,964
Nippon Oil Corp.	25,094		232,869
Nippon Paper Group, Inc. (a)	17		52,487
Nippon Sheet Glass Company, Ltd. (a)	13,171		80,414
Nippon Shokubai Company, Ltd. (a)	2,409		23,424
Nippon Steel Corp.	111,536		802,229
Nippon Telegraph & Telephone Corp.	103		481,049
Nippon Yusen Kabushiki Kaisha (a)	20,923		204,171
Nippon Zeon Company (a)	3,409		33,562
Nishimatsu Construction Company, Ltd. (a)	4,114		12,416
Nishi-Nippon City Bank, Ltd.	12,000		33,710
Nissan Chemical Industries, Ltd. (a)	2,762		34,063
Nissan Motor Company, Ltd. (a)	42,990		430,349
Nisshin Seifun Group, Inc. (a)	3,114		29,277
Nisshin Steel Company (a)	16,047		72,294
Nisshinbo Industries, Inc.	2,409		33,460
Nissin Food Products Company, Ltd. (a)	1,716		61,190
Nitori Company, Ltd. (a)	768		36,269
Nitto Denko Corp. (a)	3,332		154,748

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
NOK Corp. (a)	1,892	$	40,479
Nomura Holdings, Inc. (a)	34,807		583,043
Nomura Real Estate Holdings, Inc. (a)	800		23,378
Nomura Real Estate Office Fund, Inc. (a)	4		41,746
Nomura Research Institute, Ltd. (a)	2,011		68,386
NSK, Ltd. (a)	8,285		72,632
NTN Corp. (a)	7,228		64,435
NTT Data Corp. (a)	26		115,777
NTT DoCoMo, Inc. (a)	312		445,017
NTT Urban Development Corp.	20		41,399
Obayashi Corp.	11,638		53,848
OBIC Company, Ltd. (a)	120		23,253
Odakyu Electric Railway Company, Ltd. (a)	11,695		75,370
Oji Paper Company, Ltd. (a)	17,809		86,118
Oki Electric Industry Company, Ltd. * (a)	9,638		16,597
Okuma Holdings, Inc. (a)	3,000		43,729
Okumura Corp. (a)	4,114		20,931
Olympus Optical Company, Ltd. (a)	4,466		183,332
Omron Corp.	4,161		110,014
Onward Kashiyama Company, Ltd. (a)	2,409		24,346
Oracle Corp. - Japan (a)	852		38,902
Oriental Land Company, Ltd. (a)	893		51,725
Orix Corp. (a)	1,796		409,247
Osaka Gas Company, Ltd. (a)	41,845		146,665
OSG Corp. (a)	1,500		15,603
Otsuka Corp. (a)	300		29,405
Park24 Company, Ltd. (a)	1,600		14,375
Pioneer Electronic Corp. (a)	3,221		39,471
Promise Company, Ltd. (a)	1,619		39,426
Q.P. Corp. (a)	2,287		20,905
Rakuten, Inc. (a)	124		48,584
Resona Holdings, Inc. (a)	113		193,608
Ricoh Company, Ltd.	13,399		283,176
Rinnai Corp. (a)	752		22,433
Rohm Company, Ltd. (a)	1,827		161,281
Round One Corp. (a)	6		13,254
Ryohin Keikaku Company, Ltd. (a)	511		29,377
Sanken Electric Company (a)	2,057		10,072
SANKYO Company, Ltd.	993		40,159
Santen Pharmaceutical Company, Ltd. (a)	1,300		32,506
Sanwa Shutter Corp.	3,762		21,071
Sanyo Electric Company, Ltd. * (a)	29,151		47,917
Sapporo Hokuyo Holdings, Inc. (a)	6		59,489
Sapporo Holdings (a)	5,466		36,082
SBI E*Trade Securities Compnay, Ltd.	27		25,596
SBI Holdings, Inc. (a)	176		46,151
Secom Company, Ltd. (a)	4,190		201,519
SEGA SAMMY HOLDINGS, INC.	4,292		57,112
Seiko Epson Corp. (a)	2,622		64,877
Seino Transportation Company, Ltd. (a)	2,409		22,230
Sekisui Chemical Company, Ltd.	8,228		60,325
Sekisui House, Ltd.	9,638		121,208

The accompanying notes are an integral part of the financial statements. 

156

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Seven & I Holdings Company, Ltd. (a)	16,281	$	418,424
Sharp Corp. (a)	19,218		348,491
Shimachu Company, Ltd. (a)	723		19,116
Shimamura Company, Ltd. (a)	376		35,154
Shimano, Inc. (a)	1,369		47,864
Shimizu Corp. (a)	10,695		58,135
Shin-Etsu Chemical Company, Ltd. (a)	8,111		560,109
Shinko Electric Industries Company, Ltd. (a)	1,200		26,613
Shinko Securities Company, Ltd.	11,000		50,896
Shinsei Bank, Ltd. (a)	28,094		88,450
Shionogi & Company, Ltd. (a)	5,523		85,069
Shiseido Company, Ltd. (a)	6,523		144,666
Shizuoka Bank, Ltd. (a)	11,342		110,086
Showa Denko K.K. (a)	23,161		87,624
Showa Shell Sekiyu K.K. (a)	3,555		45,667
SMC Corp. (a)	1,164		159,243
SOFTBANK Corp. (a)	14,388		265,286
Sojitz Holdings Corp. (a)	19,891		86,498
Sompo Japan Insurance, Inc. (a)	16,104		184,598
Sony Corp. (a)	19,342		936,989
Stanley Electric Corp. (a)	2,908		70,057
Sumco Corp.	2,300		93,616
Sumitomo Bakelite Company, Ltd. (a)	4,762		27,376
Sumitomo Chemical Company, Ltd.	31,446		269,389
Sumitomo Corp. (a)	20,366		393,221
Sumitomo Electric Industries, Ltd. (a)	14,199		225,989
Sumitomo Heavy Industries, Ltd. (a)	10,990		141,366
Sumitomo Metal Industries, Ltd. (a)	77,577		452,049
Sumitomo Metal Mining Company, Ltd. (a)	10,285		249,566
Sumitomo Mitsui Financial Group, Inc. (a)	127		988,563
Sumitomo Osaka Cement Company, Ltd. (a)	6,523		16,055
Sumitomo Realty &
Development Company, Ltd.	7,876		276,735
Sumitomo Rubber Industries, Inc. (a)	3,100		38,932
Sumitomo Titanium Corp. (a)	300		26,118
Sumitomo Trust & Banking Company, Ltd.	25,446		192,317
Suruga Bank, Ltd. (a)	4,114		50,200
Suzuken Company, Ltd. (a)	1,523		51,261
T&D Holdings, Inc. (a)	3,891		239,254
TAIHEIYO CEMENT CORP. (a)	18,809		71,487
Taisei Corp. (a)	20,866		60,431
Taisho Pharmaceuticals Company, Ltd. (a)	2,762		54,289
Taiyo Nippon Sanso Corp. (a)	5,819		52,228
Taiyo Yuden Company, Ltd.	2,057		40,700
Takara Holdings (a)	3,409		20,013
Takashimaya Company, Ltd. (a)	5,819		64,526
Takeda Pharmaceutical Company, Ltd. (a)	16,349		1,148,895
Takefuji Corp. (a)	2,056		40,770
Tanabe Seiyaku Company, Ltd. (a)	4,000		50,444
TDK Corp.	2,468		216,363
Teijin, Ltd. (a)	18,104		88,331
Terumo Corp.	3,403		171,659

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
The 77th Bank, Ltd. (a)	6,523	$	43,854
The Bank of Yokohama, Ltd. (a)	23,684		163,345
The Hachijuni Bank, Ltd. (a)	9,000		64,733
The Hiroshima Bank, Ltd. (a)	9,000		49,078
The Japan Steel Works, Ltd. (a)	7,000		116,098
The Tokyo Electric Power Company, Ltd. (a)	23,367		589,357
THK Company, Ltd. (a)	2,181		45,999
TIS, Inc. (a)	817		15,917
Tobu Railway Company, Ltd. (a)	16,752		78,675
Toda Corp. (a)	3,762		19,828
Toho Company, Ltd. (a)	1,933		38,162
Toho Titanium Company, Ltd. (a)	500		18,351
Tohoku Electric Power Company, Inc. (a)	8,480		181,061
Tokai Rika Company, Ltd. (a)	1,100		30,614
Tokuyama Corp. (a)	4,000		60,637
Tokyo Broadcasting Company, Ltd.	852		23,860
Tokyo Electron, Ltd. (a)	3,432		217,298
Tokyo Gas Company, Ltd.	43,835		203,964
Tokyo Seimitsu Company, Ltd. (a)	600		12,472
Tokyo Steel Manufacturing Company, Ltd. (a)	1,800		27,928
Tokyo Tatemono Company, Ltd. (a)	6,000		76,448
Tokyu Corp. (a)	21,866		142,629
Tokyu Land Corp.	9,171		91,965
TonenGeneral Sekiyu K.K. (a)	5,171		51,944
Toppan Printing Company, Ltd. (a)	10,990		113,073
Toray Industries, Inc. (a)	26,389		209,313
Toshiba Corp. (a)	58,711		547,894
Tosoh Corp. (a)	9,228		59,792
Toto, Ltd. (a)	5,171		37,463
Toyo Seikan Kaisha, Ltd.	3,209		60,423
Toyo Suisan Kaisha, Ltd. (a)	1,705		32,030
Toyobo Company, Ltd. (a)	12,933		30,257
Toyoda Gosei Company, Ltd. (a)	1,134		41,028
Toyota Boshoku Corp. (a)	1,500		50,618
Toyota Industries Corp. (a)	3,590		154,553
Toyota Motor Corp. (a)	53,047		3,128,011
Toyota Tsusho Corp. (a)	4,400		116,716
Trend Micro, Inc.	2,233		96,521
Ube Industries, Ltd.	21,037		74,466
UNI Charm Corp. (a)	858		52,608
UNY Company, Ltd. (a)	3,762		32,751
Ushio, Inc. (a)	1,957		35,573
USS Company, Ltd. (a)	393		25,806
Wacoal Corp. (a)	2,057		25,243
West Japan Railway Company, Ltd. (a)	34		162,046
Yahoo Japan Corp. (a)	303		114,633
Yakult Honsha Company, Ltd. (a)	1,957		44,508
Yamada Denki Company, Ltd. (a)	1,726		170,679
Yamaha Corp.	3,426		76,726
Yamaha Motor Company, Ltd.	3,591		91,508
Yamato Transport Company, Ltd. (a)	7,580		113,588
Yamazaki Baking Company, Ltd. (a)	1,409		10,563

The accompanying notes are an integral part of the financial statements. 

157

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
YASKAWA Electric Corp. (a)	5,000	$	62,228
Yokogawa Electric Corp. (a)	3,814		46,373
			57,354,817
Korea - 0.00%
LG Philips LCD Company, Ltd., ADR *	57		1,365
Luxembourg - 0.45%
ArcelorMittal (a)	17,592		1,384,431
Tenaris SA, ADR	6,160		324,139
			1,708,570
Malaysia - 0.42%
AirAsia BHD *	13,200		7,089
AMMB Holdings BHD	28,800		36,681
Berjaya Sports Toto BHD	15,600		22,891
British American Tobacco Malaysia BHD	2,700		32,685
Bursa Malaysia BHD	6,000		19,369
Commerce Asset Holdings	49,800		156,379
DRB-Hicom BHD	9,800		5,522
Gamuda BHD	14,400		37,188
Genting BHD	38,100		90,009
Golden Hope Plantations BHD	12,200		30,433
Guinness Anchor BHD	2,200		3,874
Highlands & Lowlands BHD	2,800		6,450
Hong Leong Bank BHD	9,200		15,930
Hong Leong Credit BHD	3,400		5,787
IGB Corp., BHD	15,700		12,763
IJM Corp. BHD	11,300		26,364
IOI Corp. BHD *	67,450		119,757
IOI Properties, BHD	1,400		5,218
KLCC Property Holdings BHD	6,800		6,785
Kuala Lumpur Kepong BHD	8,900		34,477
Lafarge Malayan Cement BHD	18,900		9,984
Magnum Corp. BHD	16,800		14,249
Malayan Bank BHD	39,900		128,804
Malaysian Airline System BHD *	4,200		5,300
Malaysian Bulk Carriers BHD	5,625		7,263
Malaysian Pacific Industries BHD	1,400		3,780
Malaysian Resources Corp. BHD *	14,400		10,607
Media Prima BHD	11,600		9,702
MISC BHD	23,100		66,436
MMC Corp. BHD	6,500		16,119
Mulpha International BHD *	12,300		5,126
Multi-Purpose Holdings BHD	10,800		5,800
Petronas Dagangan BHD	4,000		10,330
Petronas Gas BHD	10,300		33,552
PLUS Expressways BHD	28,700		26,784
POS Malaysia & Services Holdings BHD *	6,100		5,406
PPB Group BHD	9,200		24,839
Proton Holdings BHD *	5,900		9,177
Public Bank BHD	22,000		67,792
Resorts World BHD	52,100		59,936
RHB Capital BHD	12,400		21,834

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia (continued)
Scomi Group BHD	11,400	$	4,784
Shell Refining Company Federation
of Malaya BHD	2,400		7,748
Sime Darby BHD	31,000		94,615
SP Setia BHD	9,400		24,276
Star Publications Malaysia BHD	7,100		7,043
TA Enterprise BHD	12,800		5,522
Tanjong PLC	4,300		22,588
Telekom Malaysia, BHD	21,100		60,064
Tenaga Nasional BHD	26,700		74,047
Transmile Group BHD *	2,500		3,287
UEM World BHD	13,200		15,805
UMW Holdings BHD	4,900		20,276
YTL Corp. BHD	17,200		37,858
			1,596,384
Mexico - 0.90%
Alfa SA de CV	6,702		45,303
America Movil SA de CV	381,319		1,220,779
Carso Infraestructura y Construccion SA de
CV *	11,400		11,450
Cemex SA de CV * (a)	150,643		450,034
Coca-Cola Femsa SA de CV	5,853		25,120
Consorcio ARA SA de CV (a)	16,060		21,521
Controladora Comercial Mexicana SA de CV	6,929		18,386
Corp. GEO SA de CV, Series B *	9,052		39,735
Desarrolladora Homex SA de CV *	2,800		25,945
Empresas ICA Sociedad
Controladora SA de CV *	6,900		41,624
Fomento Economico Mexicano SA de CV (a)	44,355		165,289
Grupo Aeroportuario del Pacifico SA de CV,
B Shares	9,100		49,818
Grupo Aeroportuario del Sureste SA de CV	4,892		24,289
Grupo Bimbo SA de CV (a)	6,258		34,918
Grupo Carso SA de CV (a)	11,588		44,200
Grupo Financiero Banorte SA de CV	27,375		108,423
Grupo Iusacell SA de CV * (a)	253		2,546
Grupo Mexico SA	21,665		155,564
Grupo Modelo SA (a)	10,217		49,064
Grupo Televisa SA	48,683		234,008
Industrias Penoles SA de CV (a)	1,898		31,894
Kimberly-Clark de Mexico SA de CV (a)	10,200		45,987
Telefonos de Mexico SA de CV (a)	169,666		278,263
TV Azteca SA de CV * (a)	24,147		13,275
Urbi Desarrollos Urbanos SA de CV *	6,300		22,647
Wal-Mart de Mexico SA de CV, Series V (a)	64,246		235,652
			3,395,734
Netherlands - 2.64%
ABN AMRO Holdings NV (a)	36,202		1,901,913
Aegon NV	28,565		545,442
Akzo Nobel NV (a)	5,374		441,635
ASML Holding NV *	9,359		309,379
Buhrmann NV	3,038		33,000

The accompanying notes are an integral part of the financial statements. 

158

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Netherlands (continued)
Corio NV (a)	751	$	63,959
DSM NV (a)	2,819		151,679
Fugro NV	1,147		92,842
Hagemeyer NV	8,876		40,888
Heineken NV (a)	4,726		309,228
ING Groep NV (a)	36,886		1,632,597
Koninklijke (Royal) KPN NV (a)	38,069		658,719
Koninklijke (Royal) Philips Electronics NV (a)	22,403		1,008,134
Koninklijke Ahold NV * (a)	24,982		376,500
Oce NV (a)	1,272		26,658
Randstad Holdings NV (a)	1,071		57,727
Reed Elsevier NV (a)	13,695		259,361
Royal Numico NV	3,335		257,949
SBM Offshore NV (a)	2,731		107,052
TNT Post Group NV	8,641		361,202
Unilever NV (a)	33,776		1,039,692
Vedior NV	3,354		73,581
Wereldhave NV (a)	366		43,946
Wolters Kluwer NV	5,823		172,372
			9,965,455
New Zealand - 0.11%
Auckland International Airport, Ltd.	18,756		44,420
Contact Energy, Ltd.	5,539		38,516
Fisher & Paykel Appliances Holdings, Ltd. (a)	5,069		13,654
Fisher & Paykel Healthcare Corp.	9,802		24,475
Fletcher Building, Ltd.	9,205		88,385
Kiwi Income Property Trust	14,462		15,867
Sky City Entertainment Group, Ltd.	8,595		33,948
Sky Network Television, Ltd.	3,742		16,309
Telecom Corp. of New Zealand, Ltd.	35,621		120,478
Vector, Ltd.	4,817		8,930
			404,982
Norway - 0.79%
Acergy SA (a)	3,939		116,628
Aker Kvaerner ASA	3,351		106,338
Den Norske Bank ASA	13,399		204,737
Det Norske Oljeselskapb ASA *	17,000		35,179
Norsk Hydro ASA (a)	14,242		617,067
Norske Skogindustrier ASA	3,471		37,004
Ocean Rig ASA *	3,539		26,024
Orkla ASA	16,561		294,667
Pan Fish ASA *	53,200		67,430
Petroleum Geo-Services ASA *	3,465		99,552
ProSafe ASA * (a)	4,200		74,652
Renewable Energy Corp AS *	3,422		157,118
Schibsted ASA (a)	929		48,748
Statoil ASA (a)	13,129		445,735
Stolt-Nielsen SA	800		23,650
Storebrand ASA	4,478		69,334
Tandberg ASA (a)	2,336		56,001
Telenor ASA	15,209		303,489

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Norway (continued)
TGS Nopec Geophysical Company ASA *	2,200	$	44,916
Tomra Systems ASA	3,067		22,100
Yara International ASA (a)	4,091		128,876
			2,979,245
Peru - 0.13%
Cia de Minas Buenaventura SA	1,973		97,227
Credicorp SA	1,069		71,944
Minsur SA	8,301		27,854
Southern Peru Copper Corp.	1,951		242,899
Volcan Compania Minera SA, CMN Series B	8,201		36,824
			476,748
Philippines - 0.09%
Ayala Corp.	2,808		34,168
Ayala Land, Inc.	117,600		42,279
Banco De Oro	8,500		11,095
Bank of the Philippine Islands	24,560		36,134
Filinvest Land, Inc. *	112,500		4,331
First Philippine Holdings Corp.	5,200		8,916
Globe Telecommunications, Inc.	600		19,513
Jollibee Foods Corp.	8,000		9,380
Manila Electric Company	4,840		8,887
Megaworld Corp.	189,000		14,426
Metropolitan Bank & Trust Company	12,400		15,363
Petron Corp.	25,000		3,153
Philippine Long Distance Telephone Company	1,250		80,476
San Miguel Corp.	5,600		7,743
SM Investments Corp.	3,138		25,861
SM Prime Holdings, Ltd.	98,916		26,261
			347,986
Poland - 0.28%
Agora SA	767		14,826
Bank BPH SA	172		58,976
Bank Pekao SA	1,491		137,923
Bank Zachodni WBK SA	437		41,659
Bioton SA *	22,883		10,347
Boryszew SA *	430		3,007
BRE Bank SA *	177		34,080
Budimex SA *	210		5,618
Computerland SA	64		1,254
Debica SA	65		2,437
Echo Investment SA *	485		16,265
Globe Trade Centre SA *	2,165		38,716
Grupa Kety SA	187		13,670
KGHM Polska Miedz SA	2,189		101,864
Mondi Packaging Paper Swiecie SA	197		6,280
Orbis SA	558		15,559
PBG SA *	168		22,789
Polish Oil & Gas Company	23,595		44,719
Polska Grupa Farmaceutyczna SA	156		5,525
Polski Koncern Naftowy Orlen SA *	6,379		133,399

The accompanying notes are an integral part of the financial statements. 

159

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Poland (continued)
Powszechna Kasa Oszczednosci Bank
Polski SA	9,934	$	206,619
Prokom Software SA	199		10,160
Softbank SA	424		11,846
Telekomunikacja Polska SA	13,917		109,859
TVN SA	2,755		22,630
			1,070,027
Portugal - 0.26%
Banco BPI, SA (a)	5,964		50,030
Banco Comercial dos Acores, S.A. (a)	42,352		175,229
Banco Espirito Santo SA	3,917		88,550
Brisa Auto Estrada, SA	5,875		76,848
Cimpor-Cimentos De Portugal, SA (a)	4,621		38,172
Electricidade De Portugal, SA (a)	39,293		229,054
Jeronimo Martins, SGPS SA	3,740		22,918
Portugal Telecom, SGPS, SA	15,439		215,780
PT Multimedia.com, SGPS, SA	1,370		20,336
Sonae Industria, SGPS SA *	1,232		13,803
Sonae, SGPS, SA	15,740		40,730
			971,450
Russia - 1.62%
AFK Sistema, Reg. S, Spons. GDR	1,919		63,807
JSC MMC Norilsk Nickel, ADR	1,697		461,584
Lukoil Oil Company, ADR	10,000		831,000
Mechel Steel Group, ADR	609		31,059
Mobile Telesystems, SADR	4,121		285,627
NovaTek OAO, ADR	1,585		83,213
Novolipetsk Steel, ADR	2,499		84,841
OAO Gazprom, SADR	49,698		2,191,682
Polyus Gold Company ZAO, SADR (a)	1,627		70,774
RAO Unified Energy System, SADR	2,064		250,776
Rostelecom, ADR (a)	1,268		79,668
Sberbank, ADR	1,600		667,200
Sberbank	164		76,132
Severstal, ADR	4,250		90,100
Sibirtelecom, ADR	159		13,699
Surgutneftegaz, ADR (a)	3,062		207,910
Tatneft, ADR	1,397		153,670
UralsvyAzinform, ADR	1,226		15,104
VolgaTelecom, ADR	636		6,614
VTB Bank OJSC, GDR *	16,900		151,255
Vympel Communicatii, SADR	9,495		256,745
Wimm-Bill-Dann Foods OJSC, ADR	323		35,317
			6,107,777
Singapore - 0.85%
Allgreen Properties, Ltd. (a)	15,369		19,880
Ascendas., REIT *	19,469		35,808
Capitacommercial *	19,000		36,354
Capitaland, Ltd. *	31,275		171,725
CapitaMall Trust *	20,658		54,279
Chartered Semiconductor Manufacturing, Ltd. *	20,570		15,106

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Singapore (continued)
City Developments, Ltd.	10,285	$	112,253
ComfortDelGro Corp., Ltd.	37,731		49,315
Cosco Corp. Singapore, Ltd.	16,000		64,138
DBS Group Holdings, Ltd.	22,684		330,105
Fraser and Neave, Ltd.	16,900		64,899
Haw Par Corp., Ltd.	1,877		10,243
Jardine Cycle and Carriage, Ltd.	2,534		31,583
Keppel Corp., Ltd.	21,980		213,240
Keppel Land, Ltd.	7,876		44,041
Neptune Orient Lines, Ltd.	8,638		30,844
Olam International, Ltd.	13,000		27,501
Oversea-Chinese Banking Corp., Ltd.	50,752		304,314
Parkway Holdings, Ltd.	12,229		34,933
SembCorp Industries, Ltd.	17,604		76,498
SembCorp Marine, Ltd.	16,293		50,494
Singapore Airlines, Ltd.	10,260		128,570
Singapore Exchange, Ltd.	16,399		142,523
Singapore Land, Ltd.	2,409		16,554
Singapore Petroleum Company, Ltd.	4,000		18,325
Singapore Post, Ltd.	25,151		20,673
Singapore Press Holdings, Ltd.	30,441		88,597
Singapore Technologies Engineering, Ltd.	26,798		70,412
Singapore Telecommunications, Ltd.	160,410		434,446
SMRT Corp., Ltd.	11,990		13,813
Suntec Real Estate Investment Trust *	18,809		24,710
United Overseas Bank, Ltd.	25,037		372,780
United Overseas Land, Ltd.	10,531		36,894
Venture Corp., Ltd.	4,466		49,646
Wing Tai Holdings, Ltd. *	9,228		23,998
			3,219,494
South Africa - 1.22%
African Bank Investments, Ltd. (a)	9,208		41,887
Allan Gray Property Trust (a)	20,086		19,698
Anglo Platinum, Ltd.	1,400		212,068
AngloGold Ashanti, Ltd.	3,102		147,012
Aspen Pharmacare Holdings, Ltd. *	3,929		19,129
Aveng, Ltd.	8,169		65,277
AVI, Ltd.	7,065		22,079
Barloworld, Ltd.	3,970		74,752
Bidvest Group, Ltd. *	5,328		104,874
Ellerine Holdings, Ltd.	1,837		19,723
FirstRand, Ltd.	57,098		183,333
Foschini, Ltd.	3,862		29,177
Gold Fields, Ltd.	12,324		222,294
Grindrod, Ltd.	7,010		26,256
Harmony Gold Mining Company, Ltd. *	6,695		79,363
Hulamin, Ltd.	73		254
Impala Platinum Holdings, Ltd.	10,870		379,026
Imperial Holdings, Ltd.	3,712		69,571
Investec, Ltd.	3,548		38,140
JD Group, Ltd.	3,458		29,240

The accompanying notes are an integral part of the financial statements. 

160

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Africa (continued)
Kumba Iron Ore, Ltd.	1,637	$	53,751
Lewis Group, Ltd.	1,660		13,675
Liberty Group, Ltd. (a)	2,285		29,048
Massmart Holdings, Ltd.	4,162		50,419
Metropolitan Holdings, Ltd.	10,398		22,963
Mittal Steel South Africa, Ltd.	3,990		79,448
Mondi, Ltd. (a)	3,150		31,304
MTN Group, Ltd.	30,141		457,617
Murray & Roberts Holdings, Ltd.	5,984		78,124
Nampak, Ltd. *	10,238		32,129
Naspers, Ltd.	6,977		193,632
Nedbank Group, Ltd.	4,016		72,940
Network Healthcare Holdings, Ltd. *	23,875		41,382
Pick'n Pay Stores, Ltd.	4,044		20,916
Pretoria Portland Cement Company, Ltd.	11,048		76,726
Reunert, Ltd. (a)	3,548		34,537
Sanlam, Ltd.	46,616		150,829
Sappi, Ltd.	4,055		61,565
Sasol, Ltd.	12,026		517,180
Shoprite Holdings, Ltd. (a)	8,511		44,515
Spar Group, Ltd.	3,380		27,063
Standard Bank Group, Ltd.	24,854		359,148
Steinhoff International Holdings, Ltd. *	19,242		54,515
Super Group, Ltd.	5,037		9,477
Telkom SA, Ltd.	5,908		148,925
Tiger Brands, Ltd.	3,222		85,127
Truworths International, Ltd.	9,550		43,859
Woolworths Holdings, Ltd. (a)	15,999		42,073
			4,616,040
South Korea - 2.75%
Amorepacific Corp.	60		44,780
Asiana Airlines (a)	1,727		16,022
Cheil Communications, Inc.	70		20,729
Cheil Industries, Inc.	840		56,174
CJ CheilJedang Corp. *	126		31,617
CJ Corp.	214		16,501
Daegu Bank	2,740		50,749
Daelim Industrial Company	580		107,425
Daewoo Engineering & Construction
Company, Ltd.	2,970		85,191
Daewoo International Corp.	1,020		42,800
Daewoo Securities Company, Ltd.	2,380		71,518
Daewoo Shipbuilding & Marine Engineering
Company, Ltd.	2,010		127,169
Daishin Securities Company, Ltd.	920		30,461
Daum Communications Corp. *	201		15,155
Dongbu Insurance Company, Ltd.	800		33,568
Dongkuk Steel Mill Company, Ltd.	760		40,111
Doosan Heavy Industries and Construction
Company, Ltd.	670		70,796
Doosan Infracore Company, Ltd.	1,610		62,542
GS Engineering & Construction Corp.	750		130,307

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Hana Financial Group, Inc.	2,370	$	111,747
Hancook Tire Company(The), Ltd.	2,050		42,001
Hanjin Heavy Industries & Construction
Company, Ltd. *	657		58,510
Hanjin Heavy Industries & Construction
Holdings Company, Ltd.	243		10,143
Hanjin Shipping Company, Ltd.	1,060		52,123
Hanmi Pharm Company, Ltd.	126		19,069
Hanwha Chem Corp.	1,100		29,028
Hanwha Corp.	970		76,209
Hite Brewery Company, Ltd.	230		32,170
Honam Petrochemical Corp.	270		44,550
Hyosung Corp.	460		34,834
Hyundai Autonet Company, Ltd.	2,480		18,942
Hyundai Department Store Company, Ltd.	320		38,464
Hyundai Development Company	1,320		123,324
Hyundai Engineering & Construction
Company, Ltd. *	930		88,818
Hyundai Heavy Industries	850		392,886
Hyundai Marine & Fire
Insurance Company, Ltd.	1,610		31,667
Hyundai Merchant Marine Company, Ltd.	740		39,096
Hyundai Mipo Dockyard	230		79,167
Hyundai Mobis	1,140		120,957
Hyundai Motor Company, Ltd.	3,190		257,598
Hyundai Securities Company, Ltd. (a)	2,530		59,024
Hyundai Steel Company	1,080		91,106
Kangwon Land, Inc.	2,000		59,007
KCC Corp.	100		61,083
Kia Motors Corp. * (a)	3,770		51,288
Kookmin Bank, SADR	554		45,422
Kookmin Bank	6,380		531,231
Korea Electric Power Corp., ADR	744		17,224
Korea Electric Power Corp.	4,950		232,044
Korea Exchange Bank	3,440		55,820
Korea Investment Holdings Company, Ltd.	860		56,572
Korea Zinc Company, Ltd.	260		49,150
Korean Air Lines Company, Ltd. (a)	717		48,497
Korean Reinsurance Company, Ltd.	1,230		17,405
KT Corp., SADR	266		6,663
KT Corp.	2,650		133,057
KT Freetel Company, Ltd. (a)	1,880		68,203
KT&G Corp.	2,240		175,010
LG Chem, Ltd.	850		89,166
LG Electronics, Inc.	1,910		178,446
LG Fashion Corp., Ltd.	382		12,669
LG Household & Health Care, Ltd.	240		43,272
LG International Corp. (a)	507		16,039
LG Petrochemical Company, Ltd.	540		26,848
LG Philips LCD Company, Ltd. *	2,200		105,294
Lotte Chilsung Beverage Company, Ltd.	10		15,254
Lotte Confectionery Company, Ltd.	20		34,792

The accompanying notes are an integral part of the financial statements. 

161

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Lotte Shopping Company, Ltd.	180	$	76,709
LS Cable, Ltd.	370		46,091
Mirae Asset Securities Company, Ltd.	440		42,070
NCSoft Corp. *	240		21,295
NHN Corp. *	755		174,735
Nong Shim Company, Ltd.	50		12,320
Orion Corp.	60		18,194
Pacific Corp.	40		8,327
Poongsan Corp.	460		12,918
POSCO, SADR	440		78,659
POSCO	1,410		1,036,912
Pusan Bank	2,410		44,242
S1 Corp.	320		19,197
Samsung Corp.	2,720		200,028
Samsung Electro-Mechanics Company, Ltd.	1,260		82,747
Samsung Electronics Company, Ltd.	2,260		1,419,986
Samsung Engineering Company, Ltd.	630		84,675
Samsung Fine Chemicals Company, Ltd.	360		24,075
Samsung Fire & Marine
Insurance Company, Ltd.	740		159,296
Samsung Heavy Industries Company, Ltd.	3,520		187,126
Samsung SDI Company, Ltd. (a)	680		45,623
Samsung Securities Company, Ltd.	1,050		95,230
Samsung Techwin Company, Ltd.	1,140		86,825
Shinhan Financial Group Company, Ltd.,
SADR	175		22,453
Shinhan Financial Group Company, Ltd.	6,350		414,937
Shinsegae Company, Ltd.	290		201,858
SK Corp.	472		100,574
SK Energy Company, Ltd. *	1,237		216,271
SK Telecom Company, Ltd., ADR (a)	657		19,513
SK Telecom Company, Ltd. (a)	720		165,219
S-Oil Corp.	880		78,274
Tong Yang Investment Bank	1,930		35,430
Woongjin Coway Company, Ltd.	990		32,508
Woori Investment & Securities Company, Ltd. (a)	1,740		49,244
Yuhan Corp.	165		35,068
			10,383,133
Spain - 2.98%
Abertis Infraestructuras SA (a)	4,414		137,629
Acciona SA	526		142,618
Acerinox SA (a)	2,768		83,040
ACS Actividades SA	3,938		216,683
Aguas de Barcelona SA-Class A	1,239		46,947
Altadis SA, Series A	4,784		335,605
Antena 3 de Television SA * (a)	1,788		32,896
Banco Bilbao Vizcaya Argentaria SA (a)	71,662		1,675,055
Banco Popular Espanol SA (a)	15,879		272,050
Banco Santander Central Hispano SA	119,525		2,316,290
Cintra Concesiones de Infraestructuras de
Transporte SA (a)	3,754		57,004
Corporacion Mapfre SA (a)	10,034		45,224

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain (continued)
Ebro Puleva SA (a)	1,640	$	33,531
Endesa SA (a)	11,925		679,724
Fomento de Construcciones SA	902		72,780
Gamesa Corporacion Tecno SA	3,129		127,458
Gas Natural SDG SA (a)	3,023		170,205
Gestevision Telecinco SA	1,724		45,126
Grupo Ferrovial SA	1,229		103,708
Iberdrola SA, GDR	2,299		133,693
Iberdrola SA	16,076		941,702
Iberia Lineas Aereas de Espana SA	9,266		45,056
Indra Sistemas SA	2,207		59,526
Industria de Diseno Textil SA	4,062		272,943
Promotora de Informaciones SA	1,616		31,822
Repsol SA	14,881		530,003
Sacyr Vallehermoso SA (a)	1,534		53,523
Sogecable SA *	1,008		36,460
Telefonica SA	85,236		2,378,931
Union Fenosa SA	2,020		119,161
Zardoya Otis SA (a)	2,063		63,855
Zeltia SA *	2,496		27,077
			11,287,325
Sweden - 1.91%
Alfa Laval AB (a)	1,817		116,307
Assa Abloy AB - Series B	6,301		130,146
Atlas Copco AB, Series A, ADR	13,081		225,238
Atlas Copco AB, Series B, ADR	8,040		127,885
Axfood AB (a)	512		17,197
Billerud Aktibolag AB (a)	793		10,593
Boliden AB	6,000		127,172
Castellum AB	2,752		34,105
D. Carnegie & Company AB	1,427		29,860
Electrolux AB - Series B (a)	4,999		105,376
Elekta AB, Series B	1,514		24,550
Eniro AB	3,666		44,442
Ericsson LM, Series B	290,750		1,158,420
Fabege AB, ADR	2,904		34,419
Getinge AB, Series B (a)	3,331		80,247
Hennes & Mauritz AB - B shares (a)	9,318		587,816
Hoganas AB, Series B	447		11,804
Holmen AB, Series B (a)	1,129		43,064
Husqvarna AB, B Shares	5,579		71,725
Kungsleden AB	2,509		32,159
Lundin Petroleum AB, Series A *	4,812		55,176
Modern Times Group AB, Series B	1,026		65,912
Nobia AB	2,700		25,851
Nordea Bank AB	40,698		705,797
OMX AB (a)	1,575		67,981
Oriflame Cosmetics AB (a)	834		50,358
Sandvik AB	18,700		399,239
SAS AB * (a)	1,346		24,008
Scania AB - Series B	7,048		170,880

The accompanying notes are an integral part of the financial statements. 

162

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Sweden (continued)
Securitas AB, B Shares (a)	6,101	$	80,084
Securitas Direct AB, B Shares *	5,101		14,888
Securitas Systems AB, B Shares	5,101		18,748
Skandinaviska Enskilda Banken AB - Series A	9,133		295,477
Skanska AB, Series B	7,341		144,825
SKF AB, B Shares (a)	8,048		168,715
SSAB Svenskt Stal AB, Series A	3,627		133,587
SSAB Svenskt Stal AB, Series B	1,557		52,898
Svenska Cellulosa AB, ADR	11,024		204,716
Svenska Handelsbanken AB - Series A	10,061		310,741
Swedish Match AB	5,347		110,648
Tele2 AB - Series B	6,023		129,519
Teliasonera AB	44,057		396,312
Trelleborg AB, Series B	1,646		38,637
Volvo AB - Series A	9,110		157,566
Volvo AB - Series B	21,480		372,347
Wihlborgs Fastigheter AB (a)	738		13,619
			7,221,054
Switzerland - 4.97%
ABB, Ltd.	41,628		1,093,343
Adecco SA	2,620		154,527
Ciba Specialty Chemicals AG	1,376		69,958
Clariant AG *	4,772		58,498
Compagnie Financiere
Richemont AG, Series A	10,437		689,780
Credit Suisse Group AG	21,914		1,451,109
Geberit AG, ADR	803		104,765
Givaudan AG	132		121,670
Holcim, Ltd.	4,064		447,707
Kudelski SA	577		16,272
Kuehne & Nagel International AG	1,143		112,210
Kuoni Reisen Holding AG, Series B	62		29,211
Logitech International SA * (a)	3,262		96,853
Lonza Group AG	952		103,571
Nestle SA	8,047		3,605,244
Nobel Biocare Holding AG, Series BR	469		126,656
Novartis AG	46,568		2,563,065
Phonak Holding AG (a)	990		99,055
PSP Swiss Property AG * (a)	992		52,517
Rieter Holding AG	84		45,333
Roche Holdings AG	14,104		2,550,524
Schindler Holding AG	987		62,145
Societe Generale de Surveillance Holdings AG	99		112,794
Straumann Holding AG	148		41,458
Sulzer AG	56		80,113
Swatch Group AG - BR shares (a)	675		220,885
Swatch Group AG	1,005		64,182
Swiss Life Holding *	662		171,263
Swiss Re	7,108		631,430
Swisscom AG	461		174,847
Syngenta AG *	2,148		461,856
Synthes AG (a)	1,164		129,926

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Switzerland (continued)
UBS AG	40,139	$	2,152,483
Unaxis Holding AG *	119		43,554
Zurich Financial Services AG	2,895		866,132
			18,804,936
Taiwan - 2.01%
Acer Sertek, Inc.	44,660		78,687
Advanced Semiconductor Engineering, Inc.	72,319		79,333
Advantech Company, Ltd.	6,200		18,371
Asia Cement Corp.	32,000		55,793
Asia Optical Company, Inc.	3,029		10,488
Asustek Computer, Inc.	61,934		188,449
AU Optronics Corp.	125,349		216,245
BenQ Corp. *	39,000		19,897
Catcher Technology Company, Ltd.	10,400		75,686
Cathay Financial Holdings Company, Ltd.	110,000		260,211
Cathay Real Estate Development
Company, Ltd.	14,000		6,928
Chang Hwa Commercial Bank, Ltd.	77,000		50,728
Cheng Shin Rubber Industry Company, Ltd.	13,910		31,541
Cheng Uei Precision Industry Company, Ltd.	6,300		17,837
Chi Mei Optoelectronics Corp.	83,040		96,437
China Airlines, Ltd.	18,537		7,555
China Development Financial Holdings Corp.	173,040		69,725
China Motor Company, Ltd.	8,040		7,366
China Steel Corp.	172,830		252,082
Chinatrust Finance Holding Company, Ltd. *	133,000		97,605
Chunghwa Picture Tubes, Ltd. *	123,000		35,051
Chunghwa Telecom Company, Ltd.	103,400		193,271
CMC Magnetics Corp. *	52,000		23,263
Compal Communications, Inc.	3,150		7,992
Compal Electronics, Inc.	59,295		67,044
Compeq Manufactuing Company, Ltd.	14,000		6,778
Delta Electronics, Inc.	29,350		113,767
D-Link Corp.	13,260		32,911
E.Sun Financial Holding Company, Ltd. *	53,000		28,583
Epistar Corp.	7,134		34,757
Eternal Chemical Company, Ltd.	10,080		13,930
EVA Airways Corp. *	19,000		6,957
Evergreen Marine Corp.	22,000		19,044
Far Eastern Textile, Ltd.	52,530		70,582
First Financial Holding Company, Ltd.	84,660		60,573
Formosa Chemicals & Fibre Corp.	56,000		143,282
Formosa Petrochemical Corp.	38,000		114,111
Formosa Plastic Corp.	81,000		228,344
Formosa Taffeta Company, Ltd.	16,000		18,189
Foxconn Technology Company, Ltd.	8,050		93,240
Fubon Group Company, Ltd.	69,000		58,883
Fuhwa Financial Holdings Company, Ltd. *	112,060		68,675
Gigabyte Technology Company, Ltd.	9,000		7,432
HannStar Display Corp. *	96,000		27,651
High Tech Computer Corp.	9,100		133,426
Hon Hai Precision Industry Company, Ltd.	98,816		744,867

The accompanying notes are an integral part of the financial statements. 

163

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Hua Nan Financial Holdings Company, Ltd.	69,000	$	48,629
InnoLux Display Corp.	39,513		169,506
Inotera Memories, Inc.	58,300		58,863
Inventec Appliances Corp.	3,150		6,245
Inventec Company, Ltd.	27,300		17,065
Kinpo Electronics, Inc.	16,320		6,551
Kinsus Interconnect Technology Corp	4,400		15,033
Largan Precision Company, Ltd.	2,040		22,191
Lite-On Technology Corp.	35,944		56,171
Macronix International Company, Ltd.	52,913		32,751
MediaTek, Inc.	16,750		301,793
Mega Financial Holding Company, Ltd.	172,000		108,571
Micro-Star International Company, Ltd.	11,657		11,787
Mitac International	18,346		25,578
Mosel Vitelic, Inc.	17,510		23,715
Motech Industries, Inc.	2,425		26,379
Nan Ya Plastics Corp.	100,000		260,457
Nan Ya Printed Circuit Board Corp.	3,000		18,109
Nanya Technology Corp.	40,168		27,078
Novatek Microelectronics Corp., Ltd.	8,159		35,501
Oriental Union Chemical Corp.	8,160		10,102
Phoenix Precision Technology Corp.	11,054		12,820
Polaris Securities Company, Ltd. *	34,760		18,746
Pou Chen Corp.	37,735		37,695
Powerchip Semiconductor Corp.	140,613		69,800
Powertech Technology, Inc.	8,050		32,437
President Chain Store Corp.	9,000		25,289
ProMOS Technologies, Inc.	109,000		33,400
Quanta Computer, Inc.	38,680		60,802
Realtek Semiconductor Corp.	7,875		35,713
Ritek Corp. *	50,000		17,619
Shin Kong Financial Holding Company, Ltd.	65,862		61,150
Siliconware Precision Industries Company	48,907		110,148
SinoPac Holdings Company, Ltd.	126,000		58,685
Synnex Technology International Corp.	14,700		41,215
Taishin Financial Holdings Company, Ltd. *	86,000		43,481
Taiwan Cellular Corp.	49,000		66,665
Taiwan Cement Corp.	55,550		90,895
Taiwan Fertilizer Company, Ltd.	12,000		28,975
Taiwan Glass Industrial Corp.	10,960		11,956
Taiwan Secom Company, Ltd.	4,000		6,619
Taiwan Semiconductor
Manufacturing Company, Ltd.	418,004		814,618
Tatung Company, Ltd. *	73,000		38,027
Teco Electric & Machinery Company, Ltd.	32,000		18,875
Tripod Technology Corp.	6,840		27,876
U-Ming Marine Transport Corp.	9,000		29,508
Unimicron Technology Corp.	15,300		27,989
Uni-President Enterprises Corp.	56,180		86,073
United Microelectronics Corp.	243,311		172,941
Vanguard International Semiconductor Corp.	17,168		15,440
Via Technologies, Inc. *	19,000		12,808

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Walsin Lihwa Corp.	46,000	$	22,834
Wan Hai Lines, Ltd.	24,000		18,459
Waterland Financial Holding Company	22,440		7,220
Winbond Electronics Corp.	60,000		19,304
Wintek Corp.	17,000		22,712
Wistron Corp.	20,138		36,407
Yageo Corp.	45,000		18,753
Yang Ming Marine Transport Corp.	23,183		18,647
Yieh Phui Enterprise Company, Ltd.	14,420		6,760
Yuen Foong Yu Paper Manufacturing
Company, Ltd.	18,180		8,468
Yulon Motor Company, Ltd.	14,208		15,934
Zyxel Communications Corp.	6,120		10,989
			7,590,394
Thailand - 0.20%
Advanced Info Service PCL	16,300		41,850
Airports of Thailand PCL (a)	8,000		14,471
Aromatics Thailand PCL	3,100		6,874
Bangkok Bank PCL, Foreign Shares	13,900		46,637
Bangkok Bank PCL	4,400		14,763
Bangkok Bank PCL (a)	2,200		7,381
Bangkok Expressway PCL	4,000		2,906
Banpu PCL, Reg.	2,700		27,571
BEC World PCL	13,900		9,409
C.P. Seven Eleven PCL	41,305		13,618
Central Pattana PCL	12,400		10,039
Charoen Pokphand Foods PCL	45,700		7,000
Electricity Generating PCL, Foreign Shares	3,500		12,050
Glow Energy PCL	9,700		9,905
Hana Microelectronics PCL	8,600		6,172
IRPC PCL	149,200		30,036
Kasikornbank PCL - Foreign Shares	17,300		41,641
Kasikornbank PCL, NVDR	4,300		10,350
Kasikornbank PCL	4,600		11,072
Krung Thai Bank PCL	52,000		16,537
Land & Houses PCL, Foreign Shares (a)	27,800		7,056
Land & Houses PCL, NVDR	30,300		7,691
Land & Houses PCL	19,700		5,000
National Finance PCL	10,300		4,718
Precious Shipping PCL	5,600		6,127
PTT Chemical PCL	5,118		19,263
PTT Exploration & Production PCL	21,300		82,031
PTT PCL, Foreign Shares	15,600		152,928
Ratchaburi Electricity Generating Holding PCL	6,900		9,512
Rayong Refinery PCL	26,200		18,728
Siam Cement PCL, Foreign Shares	4,500		34,136
Siam Cement PCL, NVDR	700		5,310
Siam Cement PCL	1,700		12,896
Siam City Cement PCL	900		7,352
Siam Commercial Bank PCL	15,900		37,344
Siam Makro PCL	1,000		2,713
Thai Airways International PCL	8,000		9,803

The accompanying notes are an integral part of the financial statements. 

164

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Thailand (continued)
True Corp. PCL *	35,200	$	6,881
			769,771
Turkey - 0.30%
Adana Cimento Sanayii Turk Anonim Sirketi,
Class A	667		5,209
Akbank AS	19,097		145,182
Akcansa Cimento AS	869		6,642
Aksigorta AS	2,477		17,091
Anadolu Efes Biracilik Ve Malt Sanayii AS	4,481		46,656
Arcelik AS	2,015		16,318
Aygaz AS	751		3,196
Cimsa Cimento Sanayi ve Ticaret AS	485		4,168
Dogan Sirketler Grubu Holdings AS *	10,506		22,919
Dogan Yayin Holding AS *	4,274		18,189
Eregli Demir ve Celik Fabrikalari TAS	10,804		100,884
Ford Otomotiv Sanayi AS	1,415		14,967
HACI Omer Sabanci Holdings, AS	8,960		57,381
Hurriyet Gazetecilik AS *	3,787		11,954
Is Gayrimenkul Yatirim Ortakligi AS *	3,116		5,330
KOC Holdings AS *	6,985		36,652
Migros Turk TAS	1,937		33,613
Petkim Petrokimya Holding AS *	1,258		10,291
Tofas Turk Otomobil Fabrik AS	2,534		12,668
Trakya Cam Sanayi AS	2,104		7,859
Tupras Turkiye Petrol Rafine AS	2,491		65,870
Turk Hava Yollari AS *	1,274		9,896
Turk Sise ve Cam Fabrikalari AS	2,990		14,825
Turkcell Iletisim Hizmetleri AS	10,931		92,134
Turkiye Garanti Bankasi AS	18,769		143,464
Turkiye Is Bankasi AS	19,142		115,471
Turkiye Vakiflar Bankasi Tao	21,422		72,932
Ulker Gida Sanayi ve Ticaret AS	1,126		5,025
Vestel Elektronik Sanayi ve Tracaret AS *	1,652		4,560
Yapi ve Kredi Bankasi AS *	11,734		37,428
			1,138,774
United Kingdom - 16.30%
3i Group PLC	7,411		150,631
Aegis Group PLC	18,555		47,284
Aggreko PLC	5,561		65,527
AMEC PLC	6,776		102,361
Amvescap PLC	15,775		212,736
Anglo American PLC	26,334		1,765,725
ARM Holdings PLC	28,261		88,726
Arriva PLC	3,901		61,435
AstraZeneca Group PLC	29,722		1,483,916
Astro All Asia Networks PLC, GDR	9,300		9,662
Aviva PLC	51,295		769,654
BAE Systems PLC	65,254		656,503
Barclays PLC	128,737		1,562,887
Barratt Developments PLC	5,449		83,092
BBA Aviation PLC	8,537		39,768

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Bellway PLC	2,160	$	45,400
Berkeley Group Holdings PLC *	1,880		54,960
BG Group PLC	66,293		1,143,353
BHP Billiton PLC	46,224		1,649,104
BICC PLC	8,116		78,509
Biffa PLC	5,898		26,633
Bovis Homes Group PLC	2,181		29,079
BP PLC	376,027		4,350,381
Britannic Group PLC	13,425		186,792
British Airways PLC *	10,666		83,335
British American Tobacco PLC	30,065		1,073,835
British Energy Group PLC	19,592		213,486
British Land Company PLC	10,163		242,824
British Sky Broadcasting Group PLC	21,846		309,527
Brixton PLC	6,121		45,204
BT Group PLC	161,138		1,008,507
Bunzl PLC	6,167		88,069
Burberry Group PLC	8,185		109,629
Cadbury Schweppes PLC	40,480		467,914
Capita Group PLC	11,241		165,919
Carnival PLC	3,497		166,394
Carphone Warehouse	7,329		52,070
Cattles PLC	6,276		44,653
Centrica PLC	70,798		549,184
Charter PLC *	3,022		72,882
Close Brothers Group PLC	2,609		43,242
Cobham PLC	23,746		93,915
Compass Group PLC	40,410		248,793
Cookson Group PLC	3,543		55,111
CSR PLC *	2,219		29,110
Daily Mail and General Trust PLC	5,636		72,386
Davis Service Group PLC	2,703		29,509
De La Rue PLC	2,518		37,473
Diageo PLC	52,441		1,148,200
Dixons Group PLC	34,238		94,229
Electrocomponents PLC	9,718		50,470
EMAP PLC	3,933		70,478
Enterprise Inns PLC	11,130		134,326
FirstGroup PLC	8,408		118,016
FKI PLC	9,996		18,544
Friends Provident Ethical Investment
Trust PLC	36,691		128,656
Galiform PLC *	10,535		23,625
GKN PLC	14,532		104,875
GlaxoSmithKline PLC	112,283		2,968,906
Grafton Group PLC *	293		3,266
Great Portland Estates PLC	3,310		40,319
Group 4 Securicor PLC	23,995		98,813
Hammerson PLC	5,658		135,186
Hays PLC	26,991		73,183
HBOS PLC	73,298		1,366,527
Home Retail Group	17,436		132,497

The accompanying notes are an integral part of the financial statements. 

165

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
HSBC Holdings PLC	236,130	$	4,354,137
ICAP PLC	10,726		115,237
IMI PLC	6,290		68,539
Imperial Chemical Industries PLC	23,423		311,338
Imperial Tobacco Group PLC	13,044		595,930
Inchcape PLC	9,236		79,270
Intercontinental Hotels Group PLC	5,566		110,124
International Power PLC	28,921		266,056
Intertek Group PLC	3,224		62,243
Invensys PLC *	14,966		94,659
Investec PLC	8,372		87,386
ITV PLC	77,572		162,254
J Sainsbury PLC	30,869		363,427
Johnson Matthey PLC	4,456		151,434
Kelda Group PLC	5,290		92,962
Kesa Electricals PLC	9,870		55,384
Kingfisher PLC	47,331		172,526
Ladbrokes PLC	12,833		112,954
Land Securities Group PLC	9,028		309,571
Legal & General Group PLC	124,974		340,384
Liberty International PLC	4,993		116,142
Lloyds TSB Group PLC	111,090		1,228,619
Logicacmg PLC	32,031		98,766
London Stock Exchange Group PLC	3,199		107,151
Man Group PLC	34,391		388,065
Marks & Spencer Group PLC	32,565		408,622
Meggitt PLC	12,001		77,618
Michael Page International PLC	6,154		51,752
Misys PLC	10,880		49,019
Mondi PLC	7,192		68,178
National Express Group PLC	2,707		68,265
National Grid PLC, ADR	52,558		840,035
Next Group PLC	4,262		170,646
Old Mutual PLC	100,320		327,841
Pearson PLC	15,603		240,953
Persimmon PLC	5,658		111,194
Premier Farnell PLC	8,062		26,009
Prudential PLC	49,068		751,738
Punch Taverns PLC	5,255		105,631
Rank Group PLC	6,571		21,668
Reckitt Benckiser PLC	12,056		705,879
Reed Elsevier PLC	24,623		310,221
Rentokil Initial PLC	34,040		115,821
Reuters Group PLC	25,382		332,720
Rexam PLC	13,152		147,870
Rio Tinto PLC	19,699		1,697,937
Rolls-Royce Group PLC *	35,827		381,627
Royal Bank of Scotland Group PLC	185,939		1,990,088
Royal Dutch Shell PLC, A Shares	72,079		2,963,856
Royal Dutch Shell PLC, B Shares	54,225		2,224,180
SABMiller PLC	17,298		490,882
Schroders PLC	2,213		62,576

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Scottish & Newcastle PLC	15,093	$	188,154
Scottish & Southern Energy PLC	16,960		522,436
Segro PLC, REIT (a)	7,989		81,355
Serco Group PLC	9,104		77,023
Severn Trent PLC	4,464		128,317
Signet Group PLC	32,190		54,960
Smith & Nephew PLC	18,637		227,016
Smiths Group PLC *	7,800		169,987
SSL International PLC	3,394		29,407
Stagecoach Group PLC	10,287		47,658
Standard Life PLC	42,019		247,135
Tate & Lyle PLC	10,137		83,180
Taylor Woodrow PLC	21,706		122,022
Tesco PLC	154,654		1,384,890
The Sage Group PLC	26,835		136,358
Thomas Cook Group PLC	10,654		60,490
Tomkins PLC	16,963		78,587
Travis Perkins PLC	2,361		74,317
Trinity Mirror PLC	5,530		46,448
TUI Travel PLC *	9,249		47,516
Tullett Prebon PLC	3,792		33,357
Unilever PLC	25,422		800,720
United Business Media PLC	5,413		76,419
United Utilities PLC	17,006		242,685
Vodafone Group PLC	1,037,931		3,734,699
Whitbread PLC	3,652		120,760
William Hill PLC	6,607		86,675
Wolseley PLC	12,546		211,393
WPP Group PLC	22,951		309,743
Xstrata PLC	12,478		825,217
Yell Group PLC	14,506		126,867
			61,640,380
United States - 0.00%
Southern Copper Corp.	130		16,098
TOTAL COMMON STOCKS (Cost $269,046,367)		$	363,797,336
PREFERRED STOCKS - 1.33%
Brazil - 1.02%
Aracruz Celulose SA	5,100		37,293
Banco Bradesco SA	14,508		423,084
Banco Itau Holding Financeira SA	10,300		516,401
Brasil Telecom Participacoes SA	2,500		37,405
Braskem SA, A Shares	1,000		9,396
Centrais Eletricas Brasileiras SA *	2,400		33,558
Cia de Bebidas das Americas, ADR	1,444		105,600
Cia de Bebidas das Americas	2,410		177,013
Cia de Gas de Sao Paulo, A Shares	30,000		7,182
Cia Energetica de Minas Gerais	4,200		89,119
Cia Energetica de Sao Paulo *	3,019		55,844
Cia Paranaense de Energia	1,700		27,100
Cia Vale do Rio Doce	29,668		842,584

The accompanying notes are an integral part of the financial statements. 

166

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS (continued)
Brazil (continued)
Companhia de Tecidos de Norte de Minas SA	1,600	$	10,725
Duratex SA *	1,200		35,713
Eletropaulo Metropolitana de Sao Paulo SA	399,544		26,520
Gerdau SA	4,400		114,692
Gol Linhas Aereas Inteligentes SA	900		21,761
Klabin SA	11,000		41,893
Lojas Americanas SA	5,000		49,510
NET Servicos de Comunicacao SA *	2,271		37,141
Petroleo Brasileiro SA	22,700		731,142
Sadia SA, ADR *	8,000		44,309
Tam SA	1,211		33,075
Tele Norte Leste Participacoes SA	3,900		88,058
Telemig Celular Participacoes SA	476		13,889
Telesp Celular Participacoes SA	10,400		50,246
Tim Participacoes SA	11,129		45,291
Usinas Siderurgicas de Minas Gerais SA,
Series A	1,700		118,389
Votorantim Celulose e Papel SA *	1,300		37,133
			3,861,066
Germany - 0.20%
Porsche AG	176		372,785
RWE AG	827		92,832
Volkswagen AG	2,148		294,713
			760,330
Italy - 0.01%
Unipol SpA	15,577		48,724
Japan - 0.00%
ITO EN, Ltd. *	328		6,522
Russia - 0.03%
Surgutneftegaz SADR (a)	1,358		94,789
South Korea - 0.07%
Hyundai Motor Company	710		28,473
LG Electronics, Inc.	340		16,830
Samsung Electronics Company, Ltd.	440		204,819
			250,122
TOTAL PREFERRED STOCKS (Cost $2,906,261)		$	5,021,553
WARRANTS - 0.00%
Hong Kong - 0.00%
China Overseas Land & Investment, Ltd.
(Expiration Date: 08/27/2008, Strike
Price: HKD 12.50) *	6,000		4,047
Indonesia - 0.00%
Bank Pan Indonesia Tbk PT
(Expiration Date: 10/07/2009, Strike
Price: IDR 400.00) *	16,560
TOTAL WARRANTS (Cost $157)		$	4,563

International Equity Index Trust A (continued)
		Shares or
		Principal
		Amount		Value
RIGHTS - 0.04%
Australia - 0.01%
Newcrest Mining, Ltd. (Expiration Date:
10/04/2007, Strike Price: AUD 17.40) *		2,205	$	20,696
Austria - 0.00%
Raiffeisen International Bank Holding AG
(Expiration Date: 10/03/2007, Strike Price:
EUR 104.00) *		723		0
Wienerberger AG (Expiration Date:
10/11/2007, Strike Price EUR 45.00) *		1,428		0
Belgium - 0.03%
Fortis (Expiration Date: 10/09/2007, Strike
Price: EUR 15.00) *		25,195		133,259
Omega Pharma SA (Expiration Date:
10/03/2007, Strike Price: EUR 10.25) *		371		0
				133,259
Japan - 0.00%
Dowa Mining Company, Ltd. (Expiration Date:
01/29/2010, Strike Price: JPY 1.00) *		4,466		2,824
Malaysia - 0.00%
Malaysian Airline System BHD (Expiration
Date: 10/31/2007, Strike Price: MYR 2.70)*		1,400		657
Thailand - 0.00%
True Corp. PCL (Expiration Date: 03/31/2008,
Strike Price THB 0.5004) *		12,595		0
TOTAL RIGHTS (Cost $0)			$	157,436
SHORT TERM INVESTMENTS - 25.59%
AIM Short-Term Investment Trust,
STIC Prime Portfolio, Institutional
Class	$	5,303,667	$	5,303,667
John Hancock Cash Investment Trust (c)		91,503,235		91,503,235
TOTAL SHORT TERM INVESTMENTS
(Cost $96,806,902)			$	96,806,902
Total Investments (International Equity Index Trust A)
(Cost $368,759,687) - 123.15%			$	465,787,790
Liabilities in Excess of Other Assets - (23.15)%				(87,569,472)
TOTAL NET ASSETS - 100.00%			$	378,218,318
The portfolio had the following five top industry concentrations as of
September 30, 2007 (as a percentage of total net assets):

Banking	12.92%
Telecommunications Equipment & Services	6.48%
International Oil	5.32%
Insurance	5.19%
Financial Services	4.38%

The accompanying notes are an integral part of the financial statements. 

167

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.89%
Argentina - 0.02%
Petrobras Energia Participaciones SA, ADR,
B Shares	2,864	$	28,783
Telecom Argentina SA, ADR, B Shares *	2,458		60,344
			89,127
Australia - 4.96%
ABC Learning Centres, Ltd. (a)	11,002		63,996
AGL Energy, Ltd. (a)	13,063		183,542
Alumina, Ltd.	32,197		203,530
Amcor, Ltd. (a)	25,712		167,999
AMP, Ltd. (a)	54,776		511,147
Ansell, Ltd.	3,923		43,415
APN News & Media, Ltd. (a)	8,630		39,884
Aristocrat Leisure, Ltd. (a)	10,615		130,627
Asciano Group *	16,372		130,020
Australia and New Zealand
Banking Group, Ltd.	54,200		1,425,183
Australian Stock Exchange, Ltd.	5,139		244,552
Axa Asia Pacific Holdings, Ltd.	24,429		168,700
Babcock & Brown, Ltd. (a)	6,966		169,417
BHP Billiton, Ltd.	99,354		3,918,754
Billabong International, Ltd. (a)	5,126		67,984
Bluescope Steel, Ltd.	21,398		203,656
Boral, Ltd. (a)	17,606		112,073
Brambles, Ltd., GDR	20,783		269,468
Brambles, Ltd.	20,680		270,241
Caltex Australia, Ltd.	4,160		86,699
Centro Properties Group, Ltd.	26,180		170,822
CFS Gandel Retail Trust	39,124		82,786
CFS Retail Property Trust *	1,038		2,207
Challenger Financial Services Group, Ltd. (a)	11,153		61,221
Coca-Cola Amatil, Ltd.	15,974		127,284
Cochlear, Ltd. (a)	1,647		113,679
Coles Myer, Ltd. (a)	33,748		460,133
Commonwealth Bank of Australia, Ltd.	39,011		1,947,607
Commonwealth Property Office Fund, Ltd.	43,687		64,399
Computershare, Ltd.	13,781		113,347
CSL, Ltd.	5,341		507,385
CSR, Ltd.	27,064		74,519
DB RREEF Trust	86,638		154,177
Downer EDI, Ltd. (a)	7,973		44,189
Fortescue Metals Group, Ltd. *	3,473		146,638
Foster's Group, Ltd. (a)	60,033		347,069
Futuris Corp., Ltd.	17,441		32,890
General Property Trust, Ltd.	60,929		275,110
Goodman Fielder, Ltd.	30,583		69,858
Harvey Norman Holding, Ltd.	14,041		74,090
Iluka Resources, Ltd. (a)	6,515		31,840
ING Industrial Fund (a)	21,936		54,962
James Hardie Industries, Ltd. (a)	14,298		90,257
John Fairfax Holdings, Ltd. (a)	34,004		142,096
Leighton Holdings, Ltd. (a)	4,087		186,349
Lend Lease Corp. (a)	11,008		184,198

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Lion Nathan, Ltd.	9,083	$	74,224
Macquarie Airports, Ltd.	21,541		82,960
Macquarie Bank, Ltd.	7,389		552,132
Macquarie Communications
Infrastructure Group, Ltd.	12,578		67,818
Macquarie Goodman Group, Ltd. (a)	40,616		248,479
Macquarie Infrastructure Group, Ltd. (a)	76,079		210,152
Macquarie Office Trust (a)	62,118		86,069
Mayne Nickless, Ltd. (a)	19,724		72,819
Mirvac Group, Ltd.	29,812		143,848
Multiplex Group, Ltd.	19,388		85,997
National Australia Bank, Ltd.	48,068		1,689,938
Newcrest Mining, Ltd. (a)	9,572		237,288
NRMA Insurance Group, Ltd. (a)	51,909		241,277
OneSteel, Ltd. (a)	20,671		126,277
Orica, Ltd. (a)	8,872		236,430
Origin Energy, Ltd. (a)	26,446		241,167
Pacific Brands, Ltd.	15,728		43,167
Paladin Resources, Ltd. * (a)	17,063		116,926
PaperlinX, Ltd. (a)	12,862		34,618
Perpetual Trust of Australia, Ltd. (a)	982		63,528
Publishing & Broadcasting, Ltd. (a)	13,208		230,366
Qantas Airways, Ltd., ADR	27,623		136,465
QBE Insurance Group, Ltd. (a)	25,216		754,584
Rio Tinto, Ltd. (a)	8,562		820,365
Santos, Ltd. (a)	18,297		243,799
Sonic Healthcare, Ltd. (a)	7,446		102,840
Stockland Company, Ltd.	41,343		329,427
Stockland, New Shares *	1,249		9,853
Suncorp-Metway, Ltd.	27,637		496,709
TABCORP Holdings, Ltd.	16,117		216,177
Tattersall's, Ltd. (a)	31,421		110,440
Telstra Corp., Ltd. - Ins Recp.	45,590		115,438
Telstra Corp., Ltd. (a)	87,456		337,590
Toll Holdings, Ltd.	16,565		192,264
Transurban Group, Ltd. *	31,734		205,097
Wesfarmers, Ltd. (a)	11,040		410,519
Westfield Group (a)	52,581		1,010,191
Westpac Banking Corp., Ltd.	54,353		1,371,460
Woodside Petroleum, Ltd. (a)	13,881		616,935
Woolworths, Ltd.	35,881		943,805
WorleyParsons, Ltd. (a)	4,320		162,206
Zinifex, Ltd.	14,262		223,748
			27,665,391
Austria - 0.44%
Andritz AG	1,113		76,670
BetandWin.com Interactive
Entertainment AG * (a)	702		16,668
Erste Bank der Oesterreichischen
Sparkassen AG (a)	5,705		433,553
Flughafen Wien AG	323		33,268
Immoeast Immobilien Anlagen AG * (a)	12,470		135,456

The accompanying notes are an integral part of the financial statements. 

168

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Austria (continued)
Immofinanz Immobilien Anlage AG *	13,774	$	171,359
Mayr-Melnhof Karton AG	258		28,429
Meinl European Land, Ltd. *	9,234		131,289
Oesterreichische Elektrizitaets AG, Class A (a)	2,371		136,259
OMV AG	5,078		338,108
Raiffeisen International Bank Holding AG	1,099		160,162
RHI AG *	792		36,349
Telekom Austria AG	11,542		301,131
Voestalpine AG	2,681		230,998
Wiener Staedtische Allgemeine
Versicherung AG (a)	970		67,578
Wienerberger Baustoffindustrie AG	2,169		135,259
			2,432,536
Belgium - 0.88%
Agfa Gevaert NV (a)	3,866		74,205
Barco NV	337		28,945
Bekaert SA	352		47,050
Belgacom SA	4,817		222,860
Cofinimmo SA	260		45,861
Colruyt SA	498		104,899
Compagnie Maritime Belge SA	512		37,854
Delhaize Group	2,283		218,129
Dexia	15,854		478,775
Euronav NV	757		23,733
Fortis Group SA	37,407		1,098,276
Groupe Bruxelles Lambert SA	2,456		297,024
Interbrew	5,553		501,822
KBC Bancassurance Holding NV	5,492		753,366
Mobistar SA	931		81,209
Omega Pharma SA	565		49,404
SA D'Ieteren Trading NV	82		36,491
Solvay SA (a)	1,927		278,830
Suez SA	2,358		138,764
UCB SA	3,339		196,447
Union Miniere SA	752		179,197
			4,893,141
Bermuda - 0.26%
Brilliance China Automotive Holdings, Ltd. *	76,291		20,818
Central European Media Enterprises, Ltd. *	720		67,221
Cheung Kong Infrastructure Holdings, Ltd.	13,772		51,849
Cosco Pacific, Ltd.	35,145		111,281
Credicorp, Ltd., ADR	90		6,093
Esprit Holdings, Ltd.	30,015		477,119
Frontline, Ltd.	1,492		73,052
Giordano International, Ltd.	34,611		16,706
Johnson Electronic Holdings, Ltd. (a)	36,525		19,087
Li & Fung, Ltd.	61,971		264,020
Noble Group, Ltd. (a)	24,000		35,087
Orient Overseas International, Ltd.	6,562		62,501
SeaDrill, Ltd., GDR *	7,112		159,328
Sinofert Holdings, Ltd. (a)	48,000		37,749

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Bermuda (continued)
TPV Technology, Ltd.	30,789	$	22,113
Yue Yuen Industrial Holdings, Ltd. (a)	19,067		57,059
			1,481,083
Brazil - 1.21%
All America Latina Logistica SA	10,500		149,102
Aracruz Celulose SA, SADR	581		42,756
B2W Companhia Global Do Varejo	2,671		125,703
Banco Bradesco SA, ADR	10,056		295,345
Banco Nossa Caixa SA	658		11,492
Brasil Telecom Participacoes SA, ADR	404		30,146
Brasil Telecom Participacoes SA	1,700		45,219
Braskem SA, SADR	1,584		29,827
Centrais Eletricas Brasileiras SA, ADR,
B Shares	1,429		20,045
Centrais Eletricas Brasileiras SA, ADR	2,381		34,615
Centrais Eletricas Brasileiras SA *	4,600		67,323
Cia Brasileira de Distribuicao Grupo Pao de
Acucar, ADR	314		9,520
Cia Brasileira de Distribuicao Grupo Pao de
Acucar *	1,600		24,287
Cia de Concessoes Rodoviarias, ADR	3,900		78,297
Cia de Saneamento Basico do Estado de Sao
Paulo *	3,120		78,000
Cia Energetica de Minas Gerais, ADR	3,872		82,590
Cia Vale do Rio Doce	25,600		862,851
Companhia Siderurgica Nacional SA, ADR	1,531		107,966
Companhia Siderurgica Nacional SA	2,200		154,227
Companhia Vale Do Rio Doce, ADR	15,234		516,890
Companhia Vale Do Rio Doce, SADR	21,268		605,075
Cosan SA Industria e Comercio	1,766		24,021
Cyrela Brazil Realty SA	5,000		67,981
Cyrela Commercial Properties SA
Empreendimentos e Participacoes *	5,000		6,338
Diagnosticos da America SA	1,100		25,136
EDP- Energias do Brasil SA *	1,100		18,248
Empresa Brasileira de Aeronautica SA *	9,300		102,209
Empresa Brasileira de Aeronautica SA, ADR	1,026		45,062
Gafisa SA	2,791		46,846
Gerdau SA, SADR	4,068		106,663
Gerdau SA	1,650		35,684
Lojas Renner SA	3,700		73,879
Natura Cosmeticos SA	3,000		35,909
Perdigao SA	2,560		55,699
Petroleo Brasileiro SA, ADR	7,316		552,358
Petroleo Brasileiro SA, SADR	9,820		635,354
Petroleo Brasileiro SA	19,500		735,228
Souza Cruz SA	2,200		56,975
Tele Norte Leste Participacoes SA, ADR	2,994		67,245
Tele Norte Leste Participacoes SA	1,800		59,729
Tractebel Energia SA	3,600		44,168
Unibanco - Uniao de Bancos Brasileiros SA *	21,100		278,846

The accompanying notes are an integral part of the financial statements. 

169

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Brazil (continued)
Unibanco - Uniao De Bancos
Brasileiros SA, ADR *	1,124	$	147,862
Usinas Siderurgicas de Minas Gerais SA,
SADR	1,081		75,206
Vivo Participacoes SA, ADR	1,291		6,403
Votorantim Celulose & Papel SA, SADR *	858		24,556
Weg SA	4,600		55,686
			6,754,567
Canada - 6.33%
Aber Diamond Corp.	1,436		56,192
Abitibi-Consolidated, Inc. *	8,019		14,168
ACE Aviation Holdings, Inc. *	2,200		58,746
Aeroplan Income Fund, ADR	736		16,449
Agnico-Eagle Mines, Ltd.	4,313		213,583
Agrium, Inc.	4,061		220,875
Alcan Aluminum, Ltd.	10,819		1,077,719
Alimentation Couche Tard, Inc., ADR	4,300		87,973
ARC Energy Trust, ADR	2,700		57,380
Astral Media, Inc.	1,600		70,415
Bank Nova Scotia Halifax	29,648		1,555,095
Bank of Montreal	15,009		979,356
Barrick Gold Corp.	25,930		1,039,907
BCE, Inc.	7,773		311,341
Biovail Corp.	4,450		77,372
Bombardier, Inc. *	43,138		255,931
Brookfield Asset Management, Inc.	14,551		557,266
Brookfield Properties Corp.	6,634		164,493
CAE, Inc.	7,016		94,307
Cameco Corp.	10,366		477,430
Canadian Imperial Bank of Commerce	10,130		1,010,407
Canadian National Railway Company	15,098		860,275
Canadian Natural Resources, Ltd.	16,122		1,222,886
Canadian Oil Sands Trust, ADR	6,500		215,329
Canadian Pacific Railway, Ltd.	4,674		328,445
Canadian Tire Corp., Ltd.	2,354		187,559
Canadian Utilities, Ltd.	1,400		68,373
Canetic Resources Trust	6,200		94,169
Canfor Corp. *	1,800		19,967
Celestica, Inc. *	5,692		34,627
CGI Group, Inc. *	8,076		92,341
CI Financial Income Fund	1,533		40,628
Cognos, Inc. *	2,513		103,683
Cott Corp. *	2,231		17,693
Duvernay Oil Corp. *	1,000		31,853
Eldorado Gold Corp. *	10,700		65,952
Enbridge, Inc.	10,276		375,905
EnCana Corp.	22,864		1,411,571
Enerplus Resources Fund	3,700		174,201
Ensign Energy Services, Inc., ADR	4,400		82,951
Fairfax Financial Holdings, Ltd.	559		136,093
Finning International, Inc.	5,438		175,016
First Calgary Petroleums, Ltd. *	5,400		26,183

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
First Quantum Minerals, Ltd., ADR	2,100	$	205,752
Fording Canadian Coal Trust	4,500		173,694
Fortis, Inc.	3,000		81,464
George Weston, Ltd.	1,736		123,732
Gildan Activewear, Inc. *	3,600		142,352
Goldcorp, Inc.	20,756		633,421
Great-West Lifeco, Inc.	8,076		295,832
Harvest Energy Trust	3,700		99,432
Husky Energy, Inc.	7,652		318,401
IGM Financial, Inc.	3,496		184,600
Imperial Oil, Ltd.	10,203		504,850
Ivanhoe Mines, Ltd. *	7,500		97,275
Jazz Air Income Fund, ADR *	711		5,653
Jean Coutu Group, Inc.	5,000		66,506
Kinross Gold Corp. *	17,490		260,906
Loblaw Companies, Ltd.	3,437		155,504
Lundin Mining Corp. *	10,400		132,695
Magna International, Inc.	3,143		302,736
Manulife Financial Corp.	45,724		1,882,388
MDS, Inc.	4,801		103,572
Meridian Gold, Inc. *	3,373		111,976
Methanex Corp.	2,867		72,038
MI Developments, Inc., Class A	1,371		45,335
National Bank of Canada	4,668		255,389
Nexen, Inc.	13,864		422,955
Niko Resources, Ltd.	1,000		97,626
Nortel Networks Corp. *	12,543		212,292
Nova Chemicals Corp.	2,549		98,030
Onex Corp.	3,332		122,255
Open Text Corp. *	1,542		40,185
OPTI Canada, Inc. *	4,700		87,852
Pan American Silver Corp. *	2,100		60,946
Penn West Energy Trust	7,220		223,960
Petro-Canada	14,692		841,713
Potash Corp. of Saskatchewan, Inc.	9,411		992,446
Power Corp. Of Canada	10,317		412,825
Power Financial Corp.	7,122		296,705
Precision Drilling Trust, ADR	1,500		28,716
PrimeWest Energy Trust	4,600		121,263
Provident Energy Trust	6,100		77,402
QLT, Inc. *	230		1,291
Quebecor World, Inc. *	1,719		16,618
Research In Motion, Ltd. *	15,000		1,471,917
RioCan Real Estate Investment Trust	2,900		72,344
Ritchie Bros. Auctioneers, Inc.	700		45,648
Rogers Communications, Inc., Class B	14,642		665,552
RONA, Inc. *	3,700		80,897
Royal Bank of Canada	37,876		2,093,132
Saputo, Inc.	1,500		79,205
Shaw Communications, Inc.	10,502		260,402
Shoppers Drug Mart Corp.	5,856		319,680
SNC-Lavalin Group, Inc.	4,613		205,377

The accompanying notes are an integral part of the financial statements. 

170

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Sun Life Financial, Inc.	17,252	$	904,035
Suncor Energy, Inc.	13,602		1,289,811
Talisman Energy, Inc.	31,626		620,043
Teck Cominco, Ltd.	12,712		602,581
Telus Corp. - Non Voting Shares	4,944		277,934
Telus Corp.	1,800		103,900
Thomson Corp.	6,498		271,753
TransAlta Corp.	5,621		176,617
Trans-Canada Corp.	15,850		580,284
Trican Well Service, Ltd.	3,800		77,247
TSX Group, Inc.	1,924		92,709
UTS Energy Corp. *	11,800		65,388
Western Oil Sands, Inc. *	4,200		164,180
Yamana Gold, Inc.	9,300		109,697
Yellow Pages Income Fund	7,800		106,333
			35,309,354
Cayman Islands - 0.15%
Agile Property Holdings, Ltd.	52,789		110,888
ASM Pacific Technology, Ltd.	4,414		39,116
Belle International Holdings, Ltd., GDR	59,578		78,525
Foxconn International Holdings, Ltd. *	61,000		167,236
Hengan International Group Company, Ltd.,
GDR (a)	18,000		67,999
Hutchison Telecommunications
International, Ltd. * (a)	39,668		55,142
Kingboard Chemical Holdings, Ltd.	15,772		100,285
Shimao Property Holdings, Ltd., GDR	44,000		133,938
Tingyi Cayman Islands Holding Corp., GDR	48,000		74,139
Xinao Gas Holdings, Ltd., GDR	20,000		40,776
			868,044
Chile - 0.28%
Banco Santander Chile SA, ADR	2,714		137,247
Centros Comerciales Sudamericanos SA, ADR	3,171		187,469
Cia Cervecerias Unidas SA, ADR	1,534		59,059
Compania de Telecomunicaciones de Chile
SA, SADR	7,854		64,638
Corpbanca SA, SADR	1,012		37,657
Distribucion y Servicio D&S SA, ADR	2,622		79,525
Embotelladora Andina SA, ADR, Series A	1,498		25,456
Embotelladora Andina SA, ADR, Series B	1,729		32,211
Empresa Nacional de Electricidad SA, ADR	6,553		281,451
Enersis SA, SADR	15,663		277,862
Inversiones Aguas Metropolitanas SA, ADR	1,355		33,766
Lan Airlines SA, SADR	5,840		93,732
Madeco SA, SADR *	1,566		19,231
Masisa SA	3,424		41,670
Sociedad Quimica y Minera de
Chile SA, ADR, B Shares	722		125,216
Vina Concha Y Toro SA, ADR	908		42,458
			1,538,648

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China - 1.49%
Air China, Ltd., Class H	76,534	$	109,148
Aluminum Corp. of China, Ltd.	95,220		273,309
Angang New Steel Company, Ltd. Class H (a)	25,859		99,685
Bank of China, Ltd. (a)	688,100		369,325
Bank of Communications Company, Ltd.,
Class H	182,121		220,113
Beijing Capital International Airport Company,
Ltd., Class H	42,789		88,891
Beijing Datang Power Generation
Company , Ltd., Class H (a)	88,864		102,141
BYD Company, Ltd., H Shares	5,054		37,730
Chaoda Modern Agriculture Holdings, Ltd. (a)	54,075		43,779
China Construction Bank	746,382		683,049
China Life Insurance Company, Ltd.	213,624		1,226,326
China Mengniu Dairy Company, Ltd.	28,502		123,447
China Petroleum & Chemical Corp., Class H	507,970		632,245
China Shipping Container Lines Company, Ltd. (a)	102,473		79,137
China Shipping Development Company, Ltd.,
Class H	38,432		124,904
China Telecom Corp., Ltd.	417,604		314,980
China Travel International Investment
Hong Kong, Ltd.	92,291		68,423
COSCO Holdings	81,296		254,271
Dongfeng Motor Group Company, Ltd.	89,220		78,204
Guangdong Investment, Ltd.	75,220		51,797
Guangshen Railway Company, Ltd., Class H	40,789		35,123
Guangzhou R&F Properties Company, Ltd. -
H Shares	31,200		147,381
Huadian Power International Corp., Ltd.,
Class H	42,789		27,427
Huaneng Power International, Inc., Class H	93,436		129,404
Hunan Non Ferrous Metal Corp., Ltd. (a)	38,000		39,177
Industrial & Commercial Bank of China	878,400		613,922
Jiangsu Expressway, Ltd.	33,145		42,662
Jiangxi Copper Company, Ltd., Class H	41,075		133,493
Lenovo Group, Ltd.	105,436		81,290
Maanshan Iron & Steel Company, Ltd.	48,075		52,411
PetroChina Company, Ltd., Class H	574,261		1,089,501
PICC Property & Casualty Company, Ltd.,
Class H	79,220		154,377
Shanghai Electric Group Company, Ltd.	92,864		72,553
Shanghai Forte Land Company	32,789		26,124
Shenzhen Expressway Company, Ltd.	23,859		24,568
Shui On Land, Ltd.	48,000		58,508
Sinopec Shanghai Petrochemical
Company, Ltd., H Shares	69,934		57,609
Sinopec Yizheng Chemical Fibre
Company, Ltd. *	48,075		25,865
Sinotrans, Ltd.	42,610		25,996
Tsingtao Brewery Company, Ltd., Series H	10,930		40,024
Weichai Power Company, Ltd.	4,643		36,932
Yanzhou Coal Mining Company, Ltd., Class H	57,990		119,425
Zhejiang Expressway Company, Ltd., Class H	39,718		56,439

The accompanying notes are an integral part of the financial statements. 

171

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China (continued)
Zijin Mining Group, Ltd.	128,411	$	199,659
ZTE Corp., Class H (a)	4,443		23,447
			8,294,221
Colombia - 0.03%
BanColombia SA, ADR	4,595		159,217
Czech Republic - 0.11%
CEZ AS	5,551		341,772
Komercni Banka AS	407		94,491
Philip Morris CR AS	18		9,305
Telefonica Czech Republic AS	3,019		85,214
Unipetrol AS *	1,942		30,741
Zentiva NV (a)	613		37,425
			598,948
Denmark - 0.70%
A P Moller- Maersk AS	33		452,025
Bang & Olufsen A/S, Series B	343		38,607
Carlsberg AS, B Shares	948		129,131
Coloplast AS	794		75,284
Dampskibsselskabet Torm AS, ADR	900		36,572
Danisco AS (a)	1,419		110,044
Danske Bank AS (a)	14,802		599,366
Det Ostasiatiske Kompagni A/S	514		38,292
DSV AS, ADR	6,370		149,779
FLS Industries AS, B Shares	1,183		125,482
GN Store Nord AS * (a)	6,034		61,011
H. Lundbeck AS (a)	1,590		43,073
Jyske Bank * (a)	1,802		139,746
NKT Holding A/S	689		77,027
Novo Nordisk AS (a)	7,305		879,373
Novozymes AS, B Shares (a)	1,386		173,721
Sydbank AS (a)	1,860		80,727
Topdanmark AS * (a)	572		93,846
TrygVesta AS (a)	767		61,310
Vestas Wind Systems AS * (a)	5,789		456,118
William Demant Holdings AS * (a)	918		80,911
			3,901,445
Egypt - 0.12%
Alexandria Mineral Oils Company	452		5,772
Commercial International Bank	4,353		59,980
Credit Agricole Egypt *	1,505		4,802
Eastern Tobacco	295		21,119
Egyptian Company for Mobile Services	919		30,737
Egyptian Financial Group-Hermes Holding	4,582		37,230
Egyptian International Pharmaceutical
Industries Company	852		4,315
EL Ezz Aldekhela Steel Alexandria	72		13,292
El Ezz Steel Company	791		7,504
El Watany Bank of Egypt	1,576		21,154
Medinet Nasr Housing	840		7,294
Misr Beni Suef Cement Company	341		7,934
Olympic Group Financial Investments	947		11,866

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Egypt (continued)
Orascom Construction Industries	2,122	$	177,937
Orascom Hotels & Development *	2,269		26,599
Orascom Telecom Holding SAE	13,000		169,843
Oriental Weavers	420		4,840
Sidi Kerir Petrochemicals Company	3,445		10,716
Telecom Egypt	8,967		27,298
			650,232
Finland - 1.48%
Amer Sports Oyj, Series A	1,940		44,822
Cargotec Corp. Oyj, B Shares	1,048		51,347
Elisa Oyj, A Shares (a)	4,603		142,671
Fortum Corp. Oyj	13,524		494,939
KCI Konecranes Oyj	1,814		72,758
Kesko Oyj (a)	2,031		134,537
Kone Corp. Oyj	2,228		162,031
Metra Oyj, B Shares (a)	1,931		131,921
Metso Oyj	3,873		265,970
Neste Oil Oyj (a)	3,965		144,713
Nokia AB Oyj	123,256		4,672,041
Nokian Renkaat Oyj	3,230		126,108
OKO Bank, Series A (a)	3,000		61,848
Orion Oyj, Series B (a)	2,469		62,556
Outokumpu Oyj (a)	3,613		129,400
Rautaruukki Oyj	2,619		158,220
Sampo Oyj, A Shares (a)	12,960		394,512
SanomaWSOY Oyj (a)	1,900		58,918
Stora Enso Oyj, R Shares (a)	17,753		344,795
TietoEnator Oyj (a)	2,104		47,086
UPM-Kymmene Oyj	16,016		386,205
Uponor Oyj (a)	1,766		54,662
YIT Oyj	3,679		109,010
			8,251,070
France - 7.24%
Accor SA	5,335		472,261
Aeroports de Paris (a)	1,025		117,753
Air France KLM (a)	3,724		136,447
Air Liquide	7,123		950,565
Alcatel-Lucent	67,815		694,219
Alstom	3,069		622,105
Atos Origin SA * (a)	2,082		120,776
AXA Group SA (a)	46,451		2,072,461
BNP Paribas SA	24,812		2,707,210
Bouygues SA	6,537		562,212
Business Objects SA * (a)	2,657		118,243
Cap Gemini SA	4,163		255,817
Carrefour SA	17,652		1,233,045
Casino Guich-Perrachon SA	1,224		127,980
CNP Assurances SA	1,323		168,748
Compagnie de Saint-Gobain SA (a)	9,815		1,021,364
Compagnie Generale des Etablissements
Michelin, Class B	4,277		573,320

The accompanying notes are an integral part of the financial statements. 

172

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Credit Agricole SA (a)	19,882	$	764,655
Dassault Systemes SA (a)	1,521		99,521
Essilor International SA (a)	5,976		373,854
European Aeronautic Defence &
Space Company (a)	9,926		304,272
France Telecom SA (a)	49,902		1,666,631
Gaz de France	5,999		310,810
Gecina SA	396		67,001
Groupe DANONE	13,124		1,030,015
Hermes International SA (a)	1,954		219,255
Icade	970		70,474
Imerys SA (a)	845		76,903
Klepierre SA (a)	1,731		99,012
Lafarge SA (a)	4,425		683,568
Lagardere S.C.A. (a)	3,688		312,990
L'Oreal SA (a)	7,411		969,400
LVMH Moet Hennessy SA (a)	7,190		859,426
M6-Metropole Television	1,932		55,900
Neopost SA	989		139,097
PagesJaunes Groupe SA	3,352		68,676
Pernod-Ricard SA (a)	2,731		594,206
Pinault-Printemps-Redoute SA (a)	2,323		435,777
PSA Peugeot Citroen SA (a)	4,521		372,050
Publicis Groupe SA (a)	4,266		174,926
Renault Regie Nationale SA	5,436		785,411
Safran SA (a)	4,633		111,521
Sanofi-Aventis SA (a)	30,152		2,545,627
Schneider Electric SA (a)	6,418		808,485
SCOR SE (a)	5,530		147,737
Societe BIC SA (a)	665		56,843
Societe Des Autoroutes Paris-Rhin-Rhone	536		56,166
Societe Generale	10,910		1,825,433
Societe Television Francaise 1	3,691		98,922
Sodexho Alliance (a)	2,919		201,286
STMicroelectronics NV	20,715		347,246
Suez SA Strip VVPR *	3,544		50
Suez SA	27,714		1,627,375
Technip SA (a)	2,913		259,685
Thales SA	2,442		142,735
Thomson SA * (a)	7,559		114,782
Total SA	63,478		5,146,226
Unibail-Rodamco (a)	2,233		573,034
Valeo SA (a)	2,170		120,389
Vallourec SA	1,412		405,531
Veolia Environnement SA	10,353		888,934
Vinci SA, ADR	11,695		911,045
Vivendi SA (a)	34,057		1,433,298
Zodiac SA (a)	1,048		74,860
			40,385,566
Germany - 6.13%
Adidas-Salomon AG (a)	6,151		402,293
Allianz AG	13,107		3,053,431

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
Altana AG (a)	2,065	$	49,619
Arcandor AG * (a)	1,969		65,733
BASF AG	14,697		2,026,930
Bayer AG	21,360		1,695,233
Beiersdorf AG	2,635		196,763
Bilfinger Berger AG (a)	1,040		81,046
Celesio AG	2,464		155,057
Commerzbank AG	18,045		728,384
Continental AG	3,965		546,719
DaimlerChrysler AG	27,021		2,713,879
Deutsche Bank AG	14,778		1,899,006
Deutsche Boerse AG	5,767		783,054
Deutsche Lufthansa AG	6,600		189,273
Deutsche Post AG, GDR	2,057		59,065
Deutsche Post AG	21,341		618,990
Deutsche Postbank AG (a)	2,496		182,728
Deutsche Telekom AG	83,394		1,633,888
Douglas Holding AG	950		59,175
E.ON AG	18,359		3,384,492
Fresenius Medical Care AG	5,733		303,794
Heidelberger Druckmaschinen AG (a)	1,816		79,215
Henkel KGaA	2,831		133,674
Henkel KGaA-Vorzug	5,412		277,705
Hochtief AG (a)	1,292		156,271
Hypo Real Estate Holding AG (a)	3,901		221,192
Infineon Technologies AG * (a)	22,656		389,447
IVG Immobilien AG (a)	2,649		98,452
Linde AG (a)	3,327		411,964
MAN AG	3,284		476,491
Merck & Company AG	1,875		225,533
Metro AG	4,744		427,229
MLP AG	1,803		23,994
Muenchener Rueckversicherungs-
Gesellschaft AG	6,107		1,170,199
Premiere AG *	1,835		39,500
ProSieben Sat.1 Media AG (a)	2,198		68,878
Puma AG	163		69,841
Qiagen AG *	3,855		74,213
Rheinmetall AG (a)	1,015		80,397
RWE AG	13,103		1,643,152
Salzgitter AG	1,202		235,398
SAP AG	26,064		1,521,222
Siemens AG	24,851		3,406,822
Solarworld AG	2,258		129,605
Suedzucker AG (a)	1,846		36,981
Thyssen Krupp AG	10,873		690,409
TUI AG *	6,275		168,087
Volkswagen AG (a)	4,581		1,032,352
Wincor Nixdorf AG (a)	998		82,299
			34,199,074
Greece - 0.56%
Alpha Bank A.E.	11,998		416,916

The accompanying notes are an integral part of the financial statements. 

173

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Greece (continued)
Athens Stock Exchange SA (ASE)	1,250	$	39,988
Bank of Piraeus SA	6,650		236,941
Coca Cola Hellenic Bottling Company SA	3,360		193,478
Cosmote Mobile Communications SA	3,110		106,565
EFG Eurobank Ergas SA	9,691		339,782
Folli-Follie SA	450		18,299
Greek Organization of Football Prognostics	6,920		267,617
Hellenic Petroleum SA	3,350		53,346
Hellenic Technodomiki Tev SA	3,730		49,745
Hellenic Telecommunications Organization SA	9,870		364,862
Motor Oil Hellas Corinth Refineries SA	1,390		36,759
National Bank of Greece SA	11,764		747,654
Public Power Corp.	3,250		128,460
Titan Cement Company SA	1,790		92,232
Viohalco SA	3,120		51,192
			3,143,836
Hong Kong - 2.48%
Anhui Conch Cement Company, Ltd., Series H	12,930		112,670
Bank of East Asia, Ltd.	39,703		223,574
Beijing Enterprises Holdings, Ltd.	9,286		47,211
BOC Hong Kong Holdings, Ltd.	107,328		272,421
Cathay Pacific Airways, Ltd.	28,782		78,723
Cheung Kong Holdings, Ltd.	43,849		722,421
China Agri-Industries Holdings, Ltd. *	18,216		12,473
China CITIC Bank *	154,000		119,327
China Communications
Construction Company , Ltd.	131,800		313,501
China Eastern Airlines Corp., Ltd. *	59,361		61,735
China Everbright, Ltd. * (a)	22,216		79,208
China Merchants Holdings International
Company, Ltd.	33,924		211,336
China Mobile, Ltd.	151,030		2,472,699
China Overseas Land & Investment, Ltd.	111,079		254,491
China Resource Power Holdings, Ltd.	34,789		107,691
China Resources Enterprises, Ltd.	37,145		158,013
China Resources Land, Ltd.	36,789		76,616
China Shenhua Energy Company, Ltd.	97,000		584,303
China Southern Airlines Company, Ltd. *	35,145		54,736
Citic Pacific, Ltd.	33,967		216,850
CLP Holdings, Ltd.	38,289		264,156
CNOOC, Ltd.	458,280		771,542
COFCO International, Ltd. *	18,216		11,582
Denway Motors, Ltd.	156,441		91,417
Fu Ji Food & Catering Services Holdings, Ltd. (a)	7,400		22,764
Global Bio-Chem Technology
Group Company, Ltd.	39,145		14,914
Gome Electrical Appliances Holdings, Ltd.	32,573		64,146
Guangzhou Investment Company, Ltd.	90,507		28,308
Hang Lung Properties, Ltd.	58,326		261,254
Hang Seng Bank, Ltd.	22,119		392,600
Henderson Land Development Company, Ltd.	25,601		203,147
Hong Kong & China Gas Company, Ltd.	102,040		238,248

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
Hong Kong Electric Holdings, Ltd.	40,082	$	208,684
Hong Kong Exchange & Clearing, Ltd.	29,430		901,546
Hopewell Holdings, Ltd.	17,362		82,908
Hopson Development Holdings, Ltd., GDR (a)	20,000		66,931
Hutchison Whampoa, Ltd.	61,377		657,674
Hysan Development Company, Ltd.	19,671		54,562
Kerry Properties, Ltd.	14,539		112,094
Li Ning Company, Ltd.	19,251		66,530
Link, REIT	61,160		134,141
Melco International Development (a)	20,000		37,533
MTR Corp., Ltd.	40,756		121,440
New World Development Company, Ltd.	66,543		185,002
Nine Dragons Paper Holdings, Ltd.	37,400		116,977
PCCW, Ltd.	109,208		72,250
Ping An Insurance Group Company of China,
Ltd.	44,145		609,680
Semiconductor Manufacturing
International Corp. * (a)	386,088		45,222
Shanghai Industrial Holdings, Ltd.	13,930		69,657
Shangri-La Asia, Ltd.	34,296		115,655
Shenzhen Investment, Ltd.	44,146		39,491
Shun Tak Holdings, Ltd.	30,000		48,344
Sino Land Company, Ltd.	41,047		102,178
Sun Hung Kai Properties, Ltd.	39,611		667,895
Swire Pacific, Ltd., Class A	23,663		287,212
Techtronic Industries Company, Ltd.	26,015		29,667
Television Broadcasting Company, Ltd.	8,181		49,175
Tencent Holdings, Ltd.	25,000		161,534
Travelsky Technology, Ltd.	20,572		22,057
Weiqiao Textile Company, Ltd.	15,251		28,660
Wharf Holdings, Ltd.	33,668		165,973
Wing Hang Bank, Ltd.	4,596		52,886
			13,857,635
Hungary - 0.19%
Gedeon Richter Rt.	438		93,370
Magyar Telekom Rt.	14,719		81,770
MOL Magyar Olaj & Gazipari Rt.	2,569		415,048
OTP Bank Rt.	8,334		451,412
			1,041,600
India - 1.15%
Bajaj Auto, Ltd., ADR	1,056		66,528
Dr. Reddy's Laboratories, Ltd., SADR	5,375		87,935
Grasim Industries, Ltd., ADR	1,800		160,200
Hindalco Industries, Ltd., ADR	10,691		45,116
ICICI Bank, Ltd., SADR	15,569		820,798
Infosys Technologies, Ltd., ADR	20,404		987,350
Larsen & Toubro, Ltd., ADR	1,292		91,044
Mahindra & Mahindra, Ltd., ADR	3,280		61,697
Ranbaxy Laboratories, Ltd., ADR	8,285		88,898
Reliance Capital, Ltd. *	2,081		82,702
Reliance Communication, Ltd., ADR	39,148		576,450

The accompanying notes are an integral part of the financial statements. 

174

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
Reliance Energy, Ltd., ADR	1,040	$	94,389
Reliance Industries, Ltd., GDR	19,894		2,277,863
Reliance Natural Resources, Ltd., ADR *	17,980		81,264
Satyam Computer Services, Ltd., ADR	14,816		383,586
State Bank of India, Ltd., ADR	1,161		130,032
Tata Motors, Ltd., SADR	10,059		192,529
Videsh Sanchar Nigam, Ltd., SADR	1,174		25,734
Wipro, Ltd., ADR	11,849		171,100
			6,425,215
Indonesia - 0.29%
Aneka Tambang Tbk PT	104,625		31,748
Astra Agro Lestari Tbk PT	12,658		23,254
Astra International Tbk PT	62,483		131,525
Bank Central Asia Tbk PT	188,887		127,026
Bank Danamon Indonesia Tbk PT	53,759		49,673
Bank Internasional Indonesia Tbk PT	556,000		14,288
Bank Mandiri Tbk PT	221,878		85,524
Bank Pan Indonesia Tbk PT *	166,573		12,750
Bank Rakyat Indonesia Tbk PT	169,501		122,330
Berlian Laju Tanker Tbk PT	64,000		13,647
Bumi Resources Tbk PT	540,780		211,404
Energi Mega Persada Tbk PT *	138,000		12,827
Gudang Garam Tbk PT	16,482		16,942
Indocement Tunggal Prakarsa Tbk PT	26,487		17,668
Indofood Sukses Makmur Tbk PT	122,905		25,938
Indosat Tbk PT, ADR	961		40,939
Indosat Tbk PT	28,500		23,997
International Nickel Indonesia Tbk PT	6,000		41,662
Kalbe Farma Tbk PT	159,571		23,207
Perusahaan Gas Negara Tbk PT	63,497		83,667
PT Telekomunikiasi Indonesia, ADR	4,330		211,391
Ramayana Lestari Sentosa Tbk PT	51,631		4,799
Semen Gresik Persero Tbk PT	44,140		25,581
Telekomunikasi Indonesia Tbk PT	146,000		175,615
Unilever Indonesia Tbk PT	43,500		32,345
United Tractors Tbk PT	40,968		36,734
			1,596,481
Ireland - 0.64%
Allied Irish Banks PLC - London	670		16,042
Allied Irish Banks PLC	25,924		626,598
Bank of Ireland	29,489		545,057
C&C Group PLC - London	700		5,743
C&C Group PLC	9,348		77,088
CRH PLC - London	540		21,221
CRH PLC	15,944		631,336
DCC PLC	2,374		69,870
Depfa Bank PLC (a)	10,777		222,486
Elan Corp PLC - London *	1,465		30,682
Elan Corp. *	12,765		267,520
Experian Group, Ltd.	29,481		310,724
Grafton Group PLC *	6,449		72,015

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Ireland (continued)
Greencore Group PLC - London UK	844	$	5,496
Greencore Group PLC	4,117		26,692
Iaws Group PLC	749		16,560
Iaws Group PLC	3,138		69,556
Independent News & Media PLC	17,437		64,707
Irish Life & Permanent PLC - London	1,209		26,781
Irish Life & Permanent PLC	7,175		158,632
Kerry Group PLC	3,836		113,444
Kerry Group PLC - London	407		11,955
Kingspan Group PLC - London	247		5,398
Kingspan Group PLC	3,635		79,591
Paddy Power PLC - London	577		20,329
Paddy Power PLC	929		32,493
Ryanair Holdings PLC, SADR *	1,736		72,061
			3,600,077
Israel - 0.40%
Africa-Israel Investments, Ltd.	387		35,637
Aladdin Knowledge Systems, ADR *	245		5,478
Alvarion, Ltd., ADR *	2,419		35,124
Audio Codes, Ltd., ADR *	879		4,808
Bank Hapoalim, Ltd.	29,084		148,388
Bank Leumi Le-Israel, Ltd.	26,148		114,406
Bezek Israeli Telecommunications Corp., Ltd.	32,276		55,186
Check Point Software Technologies, Ltd. *	5,873		147,882
Clal Industries & Investments, Ltd.	1,318		7,544
Clal Insurance Enterprise Holdings, Ltd.	584		15,189
Discount Investment Corp.	733		22,712
ECI Telecom, Ltd., ADR *	1,738		17,310
Elbit Systems, Ltd.	722		33,764
Given Imaging Corp., ADR *	678		18,658
Harel Insurance Investments, Ltd.	238		13,120
ICL Israel Chemicals, Ltd.	15,850		145,246
IDB Development Corp., Ltd.	621		20,896
Israel Corp., Ltd.	71		57,235
Israel Discount Bank, Ltd. *	11,922		27,001
Koor Industries, Ltd.	287		22,798
Makhteshim-Agam Industries, Ltd. *	8,446		74,770
Migdal Insurance Holdings, Ltd.	8,348		13,937
Nice Systems, Ltd. *	1,578		57,221
Orbotech, Ltd. *	827		17,392
Partner Communications, Ltd.	2,403		39,902
RADWARE, Ltd., ADR *	437		6,856
Retalix, Ltd. *	309		5,744
Strauss-Elite, Ltd. *	739		9,858
Super-Sol, Ltd. *	2,043		7,851
Syneron Medical, Ltd., ADR *	692		16,359
Teva Pharmaceutical Industries, Ltd.	23,088		1,023,963
United Mizrahi Bank, Ltd.	3,253		24,248
			2,246,483
Italy - 2.83%
Alleanza Assicuraz SpA (a)	12,824		170,207

The accompanying notes are an integral part of the financial statements. 

175

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Assicurazioni Generali SpA	31,014	$	1,360,793
Autogrill SpA	3,019		57,991
Autostrade SpA	7,462		251,338
Banca Intesa SpA - Non convertible	27,610		201,579
Banca Monte dei Paschi Siena SpA	33,424		204,464
Banca Popolare di Milano SpA	12,599		185,581
Banche Popolari Unite SpA	18,301		490,484
Banco Popolare Scarl *	19,863		443,669
Bulgari SpA (a)	4,306		67,590
Capitalia SpA	49,350		470,111
Enel SpA	127,291		1,436,999
Eni SpA	76,717		2,834,890
Fiat SpA (a)	20,788		626,891
Finmeccanica SpA (a)	8,994		261,252
Fondiaria-Sai SpA	2,294		107,405
Intesa Sanpaolo SpA (a)	226,024		1,740,169
Italcementi SpA (a)	1,850		40,875
Lottomatica SpA (a)	1,866		67,256
Luxottica Group SpA (a)	4,210		142,881
Mediaset SpA (a)	23,256		239,393
Mediobanca SpA	14,771		322,162
Mediolanum SpA	7,539		53,166
Mondadori (Arnoldo) Editore SpA	3,141		30,301
Parmalat SpA	44,971		159,210
Pirelli & Company SpA *	88,320		106,109
Seat Pagine Gialle SpA	126,516		70,333
Snam Rete Gas SpA (a)	25,207		156,349
T.E.R.N.A SpA	34,112		125,737
Telecom Italia SpA (a)	314,359		953,133
Telecom Italia SpA-RNC	181,832		437,172
UniCredito Italiano SpA (a)	230,165		1,963,491
			15,778,981
Japan - 15.31%
Access Company, Ltd. * (a)	6		19,830
Acom Company, Ltd. (a)	2,427		54,037
Aderans Company, Ltd. (a)	483		10,103
Advantest Corp. (a)	5,080		158,170
AEON Company, Ltd. (a)	18,704		264,016
AEON Credit Service Company, Ltd. (a)	1,877		20,161
Aeon Mall Company, Ltd. (a)	1,400		42,738
Aiful Corp. (a)	1,727		27,036
Aisin Seiki Company	6,079		242,674
Ajinomoto Company, Inc. (a)	17,305		216,726
Alfresa Holdings Corp. (a)	724		46,155
All Nippon Airways Company, Ltd. (a)	17,715		69,023
Alps Electric Company, Ltd. (a)	5,138		61,756
Amada Company, Ltd.	9,829		109,762
Aoyama Trading Company, Ltd. (a)	2,142		54,398
Asahi Breweries, Ltd.	12,501		190,266
Asahi Glass Company, Ltd. (a)	27,191		365,369
Asahi Kasei Corp. (a)	33,963		274,114

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
ASATSU-DK, Inc. (a)	548	$	17,634
Asics Corp. (a)	5,000		77,318
Astellas Pharmaceuticals, Inc. (a)	15,469		741,296
Autobacs Seven Company, Ltd. (a)	853		22,145
Bank of Kyoto, Ltd. (a)	9,000		109,036
Benesse Corp. (a)	1,854		70,948
Bridgestone Corp.	17,553		387,760
Canon Sales Company, Inc. (a)	2,000		40,007
Canon, Inc.	31,274		1,705,409
Casio Computer Company, Ltd. (a)	7,133		102,113
Central Glass Company, Ltd.	6,886		34,676
Central Japan Railway Company, Ltd.	46		488,085
Chiba Bank, Ltd. (a)	22,896		176,828
Chiyoda Corp. (a)	5,000		90,016
Chubu Electric Power Company, Inc.	19,377		501,362
Chugai Pharmaceutical Company, Ltd. (a)	8,316		137,202
Circle K Sunkus Company, Ltd.	612		9,501
Citizen Watch Company, Ltd. (a)	10,135		101,896
Coca-Cola West Japan Company, Ltd. (a)	1,777		41,728
COMSYS Holdings Corp. (a)	2,943		32,251
Credit Saison Company, Ltd. (a)	5,291		136,209
CSK Corp. (a)	1,790		69,900
Dai Nippon Printing Company, Ltd. (a)	18,953		270,663
Daicel Chemical Industries, Ltd.	6,534		51,656
Daido Steel Company, Ltd. (a)	8,000		68,116
Daifuku Company, Ltd. (a)	2,500		28,527
Daiichi Sankyo Company, Ltd. (a)	20,372		611,266
Daikin Industries, Ltd. (a)	7,815		375,865
Dainippon Ink & Chemicals, Inc. (a)	22,010		97,435
Dainippon Screen Manufacturing
Company, Ltd. (a)	6,238		37,543
Daito Trust Construction Company, Ltd. (a)	2,319		111,735
Daiwa House Industry Company, Ltd.	15,715		204,877
Daiwa Securities Group, Inc. (a)	39,251		373,461
Denki Kagaku Kogyo Kabushiki Kaisha	16,477		92,431
Denso Corp. (a)	14,222		535,582
Dentsu, Inc. (a)	60		170,117
Dowa Mining Company, Ltd.	8,534		107,992
E-Access, Ltd. (a)	23		12,762
East Japan Railway Company (a)	99		780,083
Ebara Corp. (a)	11,534		53,266
EDION Corp. (a)	2,400		26,697
Eisai Company, Ltd. (a)	7,252		342,480
Electric Power Development Company, Ltd.	4,800		186,606
Elpida Memory, Inc. *	3,100		113,776
Familymart Company, Ltd. (a)	1,860		48,449
Fanuc, Ltd.	5,479		558,002
Fast Retailing Company, Ltd. (a)	1,366		78,767
Fuji Electric Holdings Company, Ltd. (a)	19,420		86,476
Fuji Photo Film Company, Ltd.	14,267		658,878
Fuji Software ABC, Inc. (a)	418		8,543
Fuji Television Network, Inc. (a)	11		22,099

The accompanying notes are an integral part of the financial statements. 

176

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Fujikura, Ltd. (a)	9,477	$	59,922
Fujitsu, Ltd.	54,621		385,739
Fukuoka Financial Group, Inc. * (a)	20,000		117,064
Furukawa Electric Company, Ltd. (a)	17,362		84,862
Glory, Ltd.	1,400		44,443
Goodwill Group, Inc. * (a)	40		7,493
Gunma Bank (a)	11,477		76,460
Gunze, Ltd.	5,238		25,785
Hakuhodo DY Holdings, Inc.	570		39,957
Hankyu Department Stores (a)	2,591		21,385
Hankyu Hanshin Holdings, Inc. (a)	35,000		178,683
Haseko Corp. *	26,000		62,185
Hikari Tsushin, Inc. (a)	700		19,177
Hino Motors, Ltd. (a)	7,886		60,218
Hirose Electric Company, Ltd. (a)	983		119,434
Hitachi Cable, Ltd. (a)	2,591		16,044
Hitachi Capital Corp. (a)	707		8,885
Hitachi Chemical, Ltd. (a)	2,484		51,309
Hitachi Construction Machinery Company, Ltd.	3,343		133,453
(a)
Hitachi High-Technologies Corp.	1,800		41,172
Hitachi, Ltd. (a)	98,118		652,812
Hokkaido Electric Power Company, Inc. (a)	5,568		120,338
Hokuhoku Financial Group, Inc. (a)	34,134		96,482
Honda Motor Company, Ltd. (a)	45,762		1,536,279
House Food Corp. (a)	2,301		40,124
Hoya Corp. (a)	11,892		405,433
Ibiden Company, Ltd. (a)	3,700		311,176
Idemitsu Kosan Company, Ltd. (a)	500		56,227
Inpex Holdings, Inc. (a)	23		236,041
Isetan Company, Ltd. (a)	5,462		73,584
Ishikawajima-Harima Heavy Industries
Company, Ltd. (a)	36,134		113,449
ITO EN, Ltd. (a)	1,706		41,545
Itochu Corp. (a)	44,202		536,283
Itochu Techno-Science Corp. (a)	1,248		43,959
J Front Retailing Company, Ltd. * (a)	11,040		108,503
JAFCO Company, Ltd. (a)	1,253		46,424
Japan Airlines System Corp. * (a)	26,953		58,369
Japan Petroleum Exploration Company, Ltd. (a)	1,000		74,274
Japan Prime Realty Investment Corp., REIT	15		62,489
Japan Real Estate Investment Corp., REIT (a)	11		132,023
Japan Retail Fund Investment Corp., REIT	10		86,972
Japan Tobacco, Inc. (a)	131		718,916
JFE Holdings, Inc. (a)	16,362		1,158,346
JGC Corp.	5,886		113,389
Joyo Bank, Ltd. (a)	18,953		105,661
JS Group Corp. (a)	8,516		147,982
JSR Corp. (a)	4,833		118,324
Jupiter Telecommunications Company, Ltd. *	100		77,579
Kajima Corp. (a)	24,191		83,105
Kamigumi Company, Ltd. (a)	9,534		80,017

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Kaneka Corp.	9,829	$	82,578
Kansai Electric Power Company, Ltd. (a)	22,678		517,740
Kansai Paint Company, Ltd. (a)	5,238		40,135
Kao Corp. (a)	15,362		458,268
Kawasaki Heavy Industries, Ltd. (a)	39,963		156,404
Kawasaki Kisen Kaisha, Ltd. (a)	16,067		235,737
KDDI Corp.	74		548,339
Keihin Electric Express Railway
Company, Ltd. (a)	11,067		71,707
Keio Electric Railway Company, Ltd. (a)	15,715		97,860
Keisei Electric Railway Company, Ltd. (a)	9,000		49,861
Keyence Corp. (a)	1,047		232,201
Kikkoman Corp.	4,238		63,913
Kinden Corp. (a)	2,591		23,661
Kintetsu Corp. (a)	47,792		148,389
Kirin Brewery Company, Ltd. (a)	22,896		302,678
KK DaVinci Advisors * (a)	33		24,769
Kobe Steel Company, Ltd. (a)	77,517		289,222
Kokuyo Company, Ltd. (a)	2,431		25,245
Komatsu, Ltd. (a)	26,030		873,855
Komori Corp. (a)	1,295		31,705
Konami Corp. (a)	2,343		63,781
Konica Minolta Holdings, Inc.	14,891		252,155
Kose Corp. (a)	600		15,916
Koyo Seiko Company, Ltd. (a)	5,743		101,144
Kubota Corp. (a)	31,782		261,487
Kuraray Company, Ltd. (a)	10,300		130,340
Kurita Water Industries, Ltd.	3,319		112,577
Kyocera Corp. (a)	4,738		443,801
KYOWA HAKKO KOGYO COMPANY, LTD. (a)	9,477		97,506
Kyushu Electric Power Company, Inc. (a)	10,931		289,009
Lawson, Inc. (a)	1,631		51,492
LeoPalace21 Corp. (a)	3,402		111,546
Mabuchi Motor Company, Ltd. (a)	918		59,800
Makita Corp. (a)	3,543		155,303
Marubeni Corp. (a)	46,202		423,525
Marui Company, Ltd. (a)	8,664		95,547
Matsui Securities Company, Ltd. (a)	2,000		15,307
Matsumotokiyoshi Company, Ltd. (a)	1,348		24,913
Matsushita Electric Industrial Company, Ltd.	57,393		1,075,682
Matsushita Electric Works, Ltd. (a)	11,181		134,682
Mediceo Holdings Company, Ltd. (a)	4,590		70,099
Meiji Dairies Corp. (a)	6,886		38,868
Meiji Seika Kaisha, Ltd. (a)	6,534		32,846
Meitec Corp. (a)	1,083		31,742
Millea Holdings, Inc. (a)	23,300		936,215
Minebea Company, Ltd.	8,477		57,949
Mitsubishi Chemical Holdings Corp, ADR (a)	33,500		291,355
Mitsubishi Corp. (a)	39,456		1,249,085
Mitsubishi Electric Corp. (a)	56,973		713,525
Mitsubishi Estate Company, Ltd.	34,782		995,241
Mitsubishi Gas & Chemicals Company, Inc. (a)	10,829		100,303

The accompanying notes are an integral part of the financial statements. 

177

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Mitsubishi Heavy Industries, Ltd. (a)	92,937	$	607,025
Mitsubishi Logistc Corp. (a)	2,943		41,414
Mitsubishi Materials Corp. (a)	32,020		198,837
Mitsubishi Rayon Company, Ltd. (a)	18,010		127,502
Mitsubishi Securities Company, Ltd. (a)	9,000		78,744
Mitsubishi UFJ Financial Group, Inc. (a)	236,000		2,245,563
Mitsubishi UFJ Lease & Finance
Company, Ltd. (a)	1,000		33,136
Mitsui & Company, Ltd. (a)	45,611		1,106,755
Mitsui Chemicals, Inc. (a)	20,010		198,569
Mitsui Engineering & Shipbuilding
Company, Ltd. (a)	24,362		137,934
Mitsui Fudosan Company, Ltd.	24,248		672,735
Mitsui Mining & Smelting Company, Ltd.	16,010		68,925
Mitsui O.S.K. Lines, Ltd. (a)	31,487		509,630
Mitsui Sumitomo Insurance Company, Ltd.	35,259		413,675
Mitsui Trust Holdings, Inc.	20,010		155,931
Mitsukoshi, Ltd. (a)	10,829		49,069
Mitsumi Electric Company, Ltd. (a)	2,101		85,699
Mizuho Financial Group, Inc. (a)	279		1,589,363
Murata Manufacturing Company, Ltd. (a)	6,404		461,168
Namco Bandai Holdings, Inc. (a)	7,032		102,135
NEC Corp. (a)	59,383		288,187
NEC Electronics Corp. * (a)	1,148		32,948
NGK INSULATORS, LTD. (a)	7,829		251,933
NGK Spark Plug Company, Ltd. (a)	4,238		65,793
NHK Spring Company, Ltd. (a)	3,000		22,856
NICHIREI Corp. (a)	7,534		34,531
Nidec Corp. (a)	3,414		238,428
Nikko Cordial Corp. (a)	11,000		138,050
Nikon Corp. (a)	9,181		315,402
Nintendo Company, Ltd. (a)	2,908		1,512,423
Nippon Building Fund, Inc., REIT (a)	13		188,815
Nippon Electric Glass Company, Ltd. (a)	9,000		144,808
Nippon Express Company, Ltd. (a)	26,191		130,067
Nippon Kayaku Company, Ltd.	3,591		29,857
Nippon Light Metal Company, Ltd.	16,124		35,479
NIPPON MEAT PACKERS, Inc.	5,238		58,129
Nippon Mining Holdings, Inc.	26,368		264,643
Nippon Oil Corp.	35,906		333,203
Nippon Paper Group, Inc. (a)	30		92,625
Nippon Sheet Glass Company, Ltd. (a)	14,829		90,537
Nippon Shokubai Company, Ltd. (a)	3,591		34,917
Nippon Steel Corp.	168,464		1,211,687
Nippon Telegraph & Telephone Corp.	152		709,897
Nippon Yusen Kabushiki Kaisha (a)	32,077		313,014
Nippon Zeon Company (a)	3,591		35,354
Nishimatsu Construction Company, Ltd. (a)	7,886		23,799
Nishi-Nippon City Bank, Ltd.	18,000		50,565
Nissan Chemical Industries, Ltd. (a)	3,238		39,933
Nissan Motor Company, Ltd. (a)	66,510		665,794
Nisshin Seifun Group, Inc. (a)	4,886		45,936

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nisshin Steel Company (a)	22,953	$	103,406
Nisshinbo Industries, Inc.	4,591		63,766
Nissin Food Products Company, Ltd. (a)	2,384		85,010
Nitori Company, Ltd. (a)	1,132		53,459
Nitto Denko Corp. (a)	5,168		240,017
NOK Corp. (a)	3,008		64,356
Nomura Holdings, Inc. (a)	51,793		867,571
Nomura Real Estate Holdings, Inc. (a)	1,300		37,989
Nomura Real Estate Office Fund, Inc. (a)	6		62,620
Nomura Research Institute, Ltd. (a)	3,389		115,246
NSK, Ltd. (a)	13,715		120,236
NTN Corp. (a)	11,772		104,943
NTT Data Corp. (a)	36		160,306
NTT DoCoMo, Inc. (a)	475		677,509
NTT Urban Development Corp.	37		76,587
Obayashi Corp.	20,362		94,213
OBIC Company, Ltd. (a)	210		40,692
Odakyu Electric Railway Company, Ltd. (a)	20,305		130,858
Oji Paper Company, Ltd. (a)	25,191		121,814
Oki Electric Industry Company, Ltd. * (a)	15,362		26,454
Okuma Holdings, Inc. (a)	4,000		58,306
Okumura Corp. (a)	2,886		14,683
Olympus Optical Company, Ltd. (a)	6,534		268,225
Omron Corp.	6,539		172,887
Onward Kashiyama Company, Ltd. (a)	4,591		46,397
Oracle Corp. - Japan (a)	1,048		47,852
Oriental Land Company, Ltd. (a)	1,707		98,875
Orix Corp. (a)	2,624		597,920
Osaka Gas Company, Ltd. (a)	60,155		210,841
OSG Corp. (a)	2,500		26,005
Otsuka Corp. (a)	400		39,207
Park24 Company, Ltd. (a)	1,900		17,070
Pioneer Electronic Corp. (a)	3,979		48,760
Promise Company, Ltd. (a)	2,381		57,982
Q.P. Corp. (a)	1,513		13,830
Rakuten, Inc. (a)	170		66,607
Resona Holdings, Inc. (a)	164		280,988
Ricoh Company, Ltd.	19,601		414,250
Rinnai Corp. (a)	1,448		43,196
Rohm Company, Ltd. (a)	3,073		271,273
Round One Corp. (a)	11		24,300
Ryohin Keikaku Company, Ltd. (a)	689		39,609
Sanken Electric Company	2,943		14,410
SANKYO Company, Ltd.	1,407		56,902
Santen Pharmaceutical Company, Ltd. (a)	2,200		55,010
Sanwa Shutter Corp.	6,238		34,939
Sanyo Electric Company, Ltd. * (a)	37,849		62,215
Sapporo Hokuyo Holdings, Inc. (a)	8		79,318
Sapporo Holdings (a)	8,534		56,334
SBI E*Trade Securities Compnay, Ltd.	48		45,504
SBI Holdings, Inc. (a)	316		82,861
Secom Company, Ltd. (a)	6,310		303,481

The accompanying notes are an integral part of the financial statements. 

178

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
SEGA SAMMY HOLDINGS, INC.	5,808	$	77,285
Seiko Epson Corp. (a)	3,878		95,955
Seino Transportation Company, Ltd. (a)	3,591		33,137
Sekisui Chemical Company, Ltd. (a)	12,772		93,641
Sekisui House, Ltd.	15,362		193,194
Seven & I Holdings Company, Ltd. (a)	23,819		612,151
Sharp Corp. (a)	29,782		540,055
Shimachu Company, Ltd. (a)	1,177		31,119
Shimamura Company, Ltd. (a)	624		58,341
Shimano, Inc. (a)	2,131		74,505
Shimizu Corp. (a)	16,305		88,630
Shin-Etsu Chemical Company, Ltd. (a)	12,189		841,717
Shinko Electric Industries Company, Ltd. (a)	2,000		44,356
Shinko Securities Company, Ltd.	14,000		64,776
Shinsei Bank, Ltd. (a)	44,906		141,381
Shionogi & Company, Ltd. (a)	9,477		145,971
Shiseido Company, Ltd. (a)	10,477		232,356
Shizuoka Bank, Ltd. (a)	15,658		151,977
Showa Denko K.K. (a)	28,839		109,106
Showa Shell Sekiyu K.K. (a)	5,545		71,229
SMC Corp. (a)	1,636		223,815
SOFTBANK Corp. (a)	21,512		396,638
Sojitz Holdings Corp. (a)	30,209		131,366
Sompo Japan Insurance, Inc.	23,896		273,917
Sony Corp. (a)	29,358		1,422,196
Stanley Electric Corp. (a)	3,792		91,354
Sumco Corp.	3,300		134,319
Sumitomo Bakelite Company, Ltd. (a)	4,238		24,364
Sumitomo Chemical Company, Ltd.	47,554		407,381
Sumitomo Corp. (a)	30,634		591,472
Sumitomo Electric Industries, Ltd. (a)	21,301		339,023
Sumitomo Heavy Industries, Ltd. (a)	18,010		231,665
Sumitomo Metal Industries, Ltd. (a)	119,423		695,890
Sumitomo Metal Mining Company, Ltd. (a)	15,715		381,326
Sumitomo Mitsui Financial Group, Inc. (a)	193		1,502,305
Sumitomo Osaka Cement Company, Ltd. (a)	11,477		28,248
Sumitomo Realty &
Development Company, Ltd.	11,124		390,859
Sumitomo Rubber Industries, Inc. (a)	6,300		79,120
Sumitomo Titanium Corp. (a)	600		52,235
Sumitomo Trust & Banking Company, Ltd.	37,554		283,827
Suruga Bank, Ltd. (a)	4,886		59,620
Suzuken Company, Ltd. (a)	2,077		69,908
T&D Holdings, Inc. (a)	5,659		347,966
TAIHEIYO CEMENT CORP. (a)	24,191		91,942
Taisei Corp. (a)	32,134		93,065
Taisho Pharmaceuticals Company, Ltd. (a)	4,238		83,300
Taiyo Nippon Sanso Corp. (a)	7,181		64,453
Taiyo Yuden Company, Ltd.	2,943		58,230
Takara Holdings (a)	5,591		32,822
Takashimaya Company, Ltd. (a)	9,181		101,807
Takeda Pharmaceutical Company, Ltd. (a)	24,651		1,732,302

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Takefuji Corp. (a)	3,444	$	68,293
Tanabe Seiyaku Company, Ltd. (a)	7,000		88,276
TDK Corp.	3,632		318,408
Teijin, Ltd. (a)	26,896		131,229
Terumo Corp.	5,197		262,155
The 77th Bank, Ltd. (a)	8,477		56,990
The Bank of Yokohama, Ltd.	35,316		243,569
The Hachijuni Bank, Ltd. (a)	11,000		79,118
The Hiroshima Bank, Ltd. (a)	13,000		70,891
The Japan Steel Works, Ltd. (a)	11,000		182,440
The Tokyo Electric Power Company, Ltd. (a)	35,633		898,728
THK Company, Ltd. (a)	4,119		86,872
TIS, Inc. (a)	983		19,150
Tobu Railway Company, Ltd. (a)	22,248		104,487
Toda Corp. (a)	7,238		38,148
Toho Company, Ltd. (a)	3,967		78,319
Toho Titanium Company, Ltd. (a)	900		33,032
Tohoku Electric Power Company, Inc. (a)	12,520		267,321
Tokai Rika Company, Ltd. (a)	1,700		47,313
Tokuyama Corp. (a)	6,000		90,955
Tokyo Broadcasting Company, Ltd.	1,148		32,150
Tokyo Electron, Ltd. (a)	5,068		320,882
Tokyo Gas Company, Ltd.	65,165		303,212
Tokyo Seimitsu Company, Ltd. (a)	900		18,708
Tokyo Steel Manufacturing Company, Ltd. (a)	3,200		49,650
Tokyo Tatemono Company, Ltd. (a)	9,000		114,672
Tokyu Corp. (a)	31,134		203,083
Tokyu Land Corp.	12,829		128,647
TonenGeneral Sekiyu K.K. (a)	7,829		78,644
Toppan Printing Company, Ltd. (a)	16,010		164,723
Toray Industries, Inc. (a)	37,611		298,323
Toshiba Corp. (a)	88,289		823,918
Tosoh Corp. (a)	13,772		89,234
Toto, Ltd. (a)	6,829		49,474
Toyo Seikan Kaisha, Ltd.	5,491		103,392
Toyo Suisan Kaisha, Ltd. (a)	2,295		43,114
Toyobo Company, Ltd. (a)	14,067		32,910
Toyoda Gosei Company, Ltd. (a)	1,966		71,130
Toyota Boshoku Corp. (a)	1,600		53,992
Toyota Industries Corp. (a)	5,210		224,296
Toyota Motor Corp. (a)	79,253		4,673,294
Toyota Tsusho Corp. (a)	5,700		151,200
Trend Micro, Inc.	2,767		119,603
Ube Industries, Ltd.	25,963		91,902
UNI Charm Corp. (a)	1,042		63,890
UNY Company, Ltd. (a)	4,238		36,895
Ushio, Inc. (a)	3,943		71,672
USS Company, Ltd. (a)	787		51,677
Wacoal Corp. (a)	2,943		36,116
West Japan Railway Company, Ltd. (a)	50		238,302
Yahoo Japan Corp. (a)	487		184,245
Yakult Honsha Company, Ltd. (a)	3,043		69,207

The accompanying notes are an integral part of the financial statements. 

179

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Yamada Denki Company, Ltd. (a)	2,504	$	247,612
Yamaha Corp.	4,774		106,915
Yamaha Motor Company, Ltd.	5,209		132,739
Yamato Transport Company, Ltd. (a)	11,420		171,131
Yamazaki Baking Company, Ltd. (a)	2,591		19,425
YASKAWA Electric Corp. (a)	7,000		87,119
Yokogawa Electric Corp. (a)	5,686		69,134
			85,420,638
Korea - 0.01%
LG Philips LCD Company, Ltd., ADR *	2,360		56,498
Luxembourg - 0.46%
ArcelorMittal (a)	26,848		2,112,847
Tenaris SA, ADR	8,220		432,536
			2,545,383
Malaysia - 0.41%
AirAsia BHD *	21,700		11,654
AMMB Holdings BHD	42,000		53,494
Berjaya Sports Toto BHD	22,700		33,309
British American Tobacco Malaysia BHD	3,500		42,370
Bursa Malaysia BHD	8,000		25,825
Commerce Asset Holdings	72,600		227,974
DRB-Hicom BHD	16,200		9,128
Gamuda BHD	21,100		54,491
Genting BHD	55,500		131,115
Golden Hope Plantations BHD	17,800		44,402
Guinness Anchor BHD	3,700		6,515
Highlands & Lowlands BHD	4,200		9,676
Hong Leong Bank BHD	12,300		21,297
Hong Leong Credit BHD	5,600		9,532
IGB Corp., BHD	17,700		14,388
IJM Corp. BHD	13,950		32,547
IOI Corp. BHD *	98,325		174,576
IOI Properties, BHD	2,300		8,572
KLCC Property Holdings BHD	11,300		11,275
Kuala Lumpur Kepong BHD	12,950		50,166
Lafarge Malayan Cement BHD	31,200		16,481
Magnum Corp. BHD	22,500		19,083
Malayan Bank BHD	58,100		187,557
Malaysian Airline System BHD *	6,900		8,707
Malaysian Bulk Carriers BHD	9,000		11,621
Malaysian Pacific Industries BHD	2,300		6,210
Malaysian Resources Corp. BHD *	22,500		16,574
Media Prima BHD	13,100		10,957
MISC BHD	33,700		96,921
MMC Corp. BHD	8,200		20,335
Mulpha International BHD *	20,300		8,460
Multi-Purpose Holdings BHD	16,900		9,076
Petronas Dagangan BHD	6,600		17,045
Petronas Gas BHD	15,000		48,863
PLUS Expressways BHD	38,500		35,930
POS Malaysia & Services Holdings BHD *	8,100		7,179

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia (continued)
PPB Group BHD	12,300	$	33,209
Proton Holdings BHD *	6,500		10,110
Public Bank BHD	32,000		98,606
Resorts World BHD	75,800		87,201
RHB Capital BHD	16,600		29,230
Scomi Group BHD	16,400		6,882
Shell Refining Company Federation
of Malaya BHD	3,900		12,590
Sime Darby BHD	45,200		137,954
SP Setia BHD	15,400		39,771
Star Publications Malaysia BHD	11,600		11,506
TA Enterprise BHD	20,300		8,757
Tanjong PLC	5,700		29,943
Telekom Malaysia, BHD	30,800		87,677
Tenaga Nasional BHD	38,900		107,881
Transmile Group BHD *	3,400		4,470
UEM World BHD	19,300		23,109
UMW Holdings BHD	5,300		21,931
YTL Corp. BHD	25,100		55,246
			2,299,378
Mexico - 0.88%
Alfa SA de CV	9,536		64,460
America Movil SA de CV	547,960		1,754,274
Carso Infraestructura y Construccion SA de
CV * (a)	25,000		25,109
Cemex SA de CV * (a)	211,126		630,723
Coca-Cola Femsa SA de CV	7,859		33,729
Consorcio ARA SA de CV (a)	28,240		37,843
Controladora Comercial Mexicana SA de CV	8,971		23,805
Corp. GEO SA de CV, Series B *	13,848		60,788
Desarrolladora Homex SA de CV *	5,000		46,330
Empresas ICA Sociedad
Controladora SA de CV *	11,000		66,357
Fomento Economico Mexicano SA de CV (a)	63,065		235,012
Grupo Aeroportuario del Pacifico SA de CV,
B Shares	14,100		77,190
Grupo Aeroportuario del Sureste SA de CV	7,030		34,904
Grupo Bimbo SA de CV (a)	8,888		49,592
Grupo Carso SA de CV (a)	19,062		72,708
Grupo Financiero Banorte SA de CV	38,757		153,504
Grupo Iusacell SA de CV * (a)	355		3,572
Grupo Mexico SA	33,325		239,288
Grupo Modelo SA (a)	15,208		73,032
Grupo Televisa SA, SADR *	596		14,405
Grupo Televisa SA	70,243		337,642
Industrias Penoles SA de CV (a)	2,750		46,211
Kimberly-Clark de Mexico SA de CV (a)	14,226		64,139
Telefonos de Mexico SA de CV (a)	225,320		369,539
TV Azteca SA de CV * (a)	33,951		18,664
Urbi Desarrollos Urbanos SA de CV *	9,000		32,353
Wal-Mart de Mexico SA de CV, Series V (a)	91,775		336,627
			4,901,800

The accompanying notes are an integral part of the financial statements. 

180

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Netherlands - 2.63%
ABN AMRO Holdings NV	53,120	$	2,790,705
Aegon NV	42,022		802,400
Akzo Nobel NV (a)	7,806		641,497
ASML Holding NV *	13,184		435,821
Buhrmann NV	3,220		34,977
Corio NV (a)	1,158		98,622
DSM NV (a)	4,188		225,371
Fugro NV	1,731		140,112
Hagemeyer NV	13,486		62,125
Heineken NV (a)	7,287		476,797
ING Groep NV (a)	54,217		2,399,678
Koninklijke (Royal) KPN NV (a)	55,634		962,652
Koninklijke (Royal) Philips Electronics NV (a)	33,014		1,485,629
Koninklijke Ahold NV * (a)	36,922		556,460
Oce NV	2,448		51,304
Randstad Holdings NV (a)	1,323		71,310
Reed Elsevier NV (a)	21,116		399,903
Royal Numico NV	5,137		397,326
SBM Offshore NV (a)	4,318		169,261
TNT Post Group NV	12,524		523,515
Unilever NV (a)	49,432		1,521,614
Vedior NV	4,625		101,465
Wereldhave NV (a)	536		64,358
Wolters Kluwer NV	8,963		265,322
			14,678,224
New Zealand - 0.10%
Auckland International Airport, Ltd.	27,201		64,420
Contact Energy, Ltd.	8,018		55,754
Fisher & Paykel Appliances Holdings, Ltd. (a)	6,971		18,778
Fisher & Paykel Healthcare Corp.	13,404		33,469
Fletcher Building, Ltd.	13,640		130,970
Kiwi Income Property Trust	22,173		24,327
Sky City Entertainment Group, Ltd.	12,719		50,236
Sky Network Television, Ltd.	5,411		23,583
Telecom Corp. of New Zealand, Ltd.	51,541		174,324
Vector, Ltd.	6,952		12,888
			588,749
Norway - 0.82%
Acergy SA (a)	5,996		177,533
Aker Kvaerner ASA	5,105		161,998
Den Norske Bank ASA	20,401		311,728
Det Norske Oljeselskapb ASA *	22,000		45,526
Norsk Hydro ASA (a)	21,575		934,785
Norske Skogindustrier ASA	5,313		56,641
Ocean Rig ASA *	4,825		35,481
Orkla ASA	25,343		450,923
Pan Fish ASA *	81,000		102,666
Petroleum Geo-Services ASA *	5,272		151,469
ProSafe ASA (a)	6,400		113,756
Renewable Energy Corp AS * (a)	5,236		240,405
Schibsted ASA (a)	1,271		66,693

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Norway (continued)
Statoil ASA (a)	19,871	$	674,629
Stolt-Nielsen SA	1,200		35,475
Storebrand ASA	6,922		107,175
Tandberg ASA (a)	3,539		84,841
Telenor ASA	25,591		510,657
TGS Nopec Geophysical Company ASA *	3,300		67,374
Tomra Systems ASA	4,633		33,385
Yara International ASA (a)	6,212		195,693
			4,558,833
Peru - 0.13%
Cia de Minas Buenaventura SA	2,895		142,662
Credicorp SA	2,108		141,868
Minsur SA	12,216		40,991
Southern Peru Copper Corp.	2,707		337,021
Volcan Compania Minera SA, CMN Series B	12,055		54,129
			716,671
Philippines - 0.09%
Ayala Corp.	3,880		47,212
Ayala Land, Inc.	163,200		58,672
Banco De Oro	8,886		11,599
Bank of the Philippine Islands	33,600		49,434
Filinvest Land, Inc. *	98,991		3,811
First Philippine Holdings Corp.	7,076		12,132
Globe Telecommunications, Inc.	830		26,993
Jollibee Foods Corp.	10,900		12,781
Manila Electric Company	6,697		12,298
Megaworld Corp.	89,847		6,858
Metropolitan Bank & Trust Company	15,500		19,203
Petron Corp.	37,848		4,773
Philippine Long Distance Telephone Company	1,660		106,872
PNOC Energy Development Corp.	166,351		23,554
San Miguel Corp.	11,600		16,040
SM Investments Corp.	4,340		35,767
SM Prime Holdings, Ltd.	136,479		36,233
			484,232
Poland - 0.30%
Agora SA	1,161		22,442
Bank BPH SA	267		91,550
Bank Pekao SA	2,318		214,423
Bank Zachodni WBK SA	678		64,633
Bioton SA *	37,285		16,859
Boryszew SA *	661		4,623
BRE Bank SA *	275		52,949
Budimex SA *	278		7,437
Computerland SA	207		4,056
Debica SA	150		5,624
Echo Investment SA *	788		26,426
Globe Trade Centre SA *	3,741		66,899
Grupa Kety SA	290		21,199
KGHM Polska Miedz SA	3,704		172,363
Mondi Packaging Paper Swiecie SA	417		13,293

The accompanying notes are an integral part of the financial statements. 

181

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Poland (continued)
Orbis SA	867	$	24,175
PBG SA *	272		36,896
Polish Oil & Gas Company	36,596		69,360
Polska Grupa Farmaceutyczna SA	331		11,724
Polski Koncern Naftowy Orlen SA *	9,898		206,989
Powszechna Kasa Oszczednosci Bank
Polski SA	15,410		320,515
Prokom Software SA	271		13,836
Softbank SA	867		24,224
Telekomunikacja Polska SA	21,603		170,532
TVN SA	4,829		39,666
			1,702,693
Portugal - 0.25%
Banco BPI, SA (a)	8,641		72,486
Banco Comercial dos Acores, S.A. (a)	61,360		253,873
Banco Espirito Santo SA (a)	5,675		128,292
Brisa Auto Estrada, SA	8,769		114,703
Cimpor-Cimentos De Portugal, SA (a)	6,693		55,289
Electricidade De Portugal, SA (a)	56,926		331,843
Jeronimo Martins, SGPS SA	5,015		30,732
Portugal Telecom, SGPS, SA	22,368		312,622
PT Multimedia.com, SGPS, SA	2,084		30,934
Sonae Industria, SGPS SA *	1,620		18,150
Sonae, SGPS, SA	23,914		61,882
			1,410,806
Russia - 1.60%
AFK Sistema, Reg. S, Spons. GDR	3,109		103,374
Comstar United Telesystems, ADR *	5,644		73,090
Gazprom OAO, SADR	1,840		81,144
JSC MMC Norilsk Nickel, ADR	2,351		639,472
Lukoil Oil Company, ADR	14,708		1,222,235
Mechel Steel Group, ADR	974		49,674
Mobile Telesystems, SADR	6,211		430,484
NovaTek OAO, ADR	2,414		126,735
Novolipetsk Steel, ADR	3,836		130,232
OAO Gazprom, SADR	71,355		3,146,755
Polyus Gold Company ZAO, SADR	2,095		91,133
RAO Unified Energy System, SADR	3,123		379,445
Rostelecom, ADR	2,023		127,105
Sberbank, ADR	2,607		1,087,119
Sibirtelecom, ADR	158		13,613
Surgutneftegaz, ADR	4,433		301,001
Tatneft, ADR	2,024		222,640
UralsvyAzinform, ADR	1,479		18,221
VolgaTelecom, ADR	1,355		14,092
VTB Bank OJSC, GDR *	25,800		230,910
Vympel Communicatii, SADR	14,420		389,917
Wimm-Bill-Dann Foods OJSC, ADR	591		64,620
			8,943,011
Singapore - 0.87%
Allgreen Properties, Ltd.	20,129		26,038

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Singapore (continued)
Ascendas., REIT *	31,395	$	57,743
Capitacommercial	28,000		53,574
Capitaland, Ltd. *	46,725		256,558
CapitaMall Trust *	29,291		76,962
Chartered Semiconductor Manufacturing, Ltd. *	27,430		20,143
(a)
City Developments, Ltd.	15,715		171,517
ComfortDelGro Corp., Ltd.	53,269		69,623
Cosco Corp. Singapore, Ltd.	24,000		96,207
DBS Group Holdings, Ltd.	34,316		499,377
Fraser and Neave, Ltd.	25,200		96,773
Haw Par Corp., Ltd.	2,613		14,259
Jardine Cycle and Carriage, Ltd.	4,782		59,602
Keppel Corp., Ltd.	33,810		328,009
Keppel Land, Ltd.	11,124		62,204
Neptune Orient Lines, Ltd.	13,362		47,712
Olam International, Ltd.	17,000		35,963
Oversea-Chinese Banking Corp., Ltd.	76,448		458,389
Parkway Holdings, Ltd.	19,120		54,618
SembCorp Industries, Ltd.	27,415		119,131
SembCorp Marine, Ltd.	25,706		79,666
Singapore Airlines, Ltd.	15,880		198,995
Singapore Exchange, Ltd.	24,601		213,806
Singapore Land, Ltd.	2,591		17,805
Singapore Petroleum Company, Ltd.	3,000		13,744
Singapore Post, Ltd.	35,849		29,466
Singapore Press Holdings, Ltd.	48,059		139,874
Singapore Technologies Engineering, Ltd.	40,202		105,631
Singapore Telecommunications, Ltd.	240,430		651,168
SMRT Corp., Ltd.	17,010		19,596
Suntec Real Estate Investment Trust *	32,191		42,291
United Overseas Bank, Ltd.	36,963		550,349
United Overseas Land, Ltd.	16,568		58,043
Venture Corp., Ltd.	7,534		83,751
Wing Tai Holdings, Ltd. *	12,772		33,214
			4,841,801
South Africa - 1.23%
African Bank Investments, Ltd. (a)	13,484		61,338
Allan Gray Property Trust (a)	28,755		28,200
Anglo Platinum, Ltd.	2,090		316,587
AngloGold Ashanti, Ltd. (a)	4,628		219,334
Aspen Pharmacare Holdings, Ltd. *	6,829		33,248
Aveng, Ltd.	12,187		97,384
AVI, Ltd.	8,775		27,423
Barloworld, Ltd.	6,212		116,967
Bidvest Group, Ltd. *	7,826		154,044
Ellerine Holdings, Ltd.	3,359		36,065
FirstRand, Ltd.	85,150		273,404
Foschini, Ltd.	6,113		46,183
Gold Fields, Ltd.	18,386		331,637
Grindrod, Ltd.	9,642		36,114
Harmony Gold Mining Company, Ltd. *	10,168		120,532

The accompanying notes are an integral part of the financial statements. 

182

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Africa (continued)
Hulamin, Ltd.	107	$	373
Impala Platinum Holdings, Ltd.	16,219		565,541
Imperial Holdings, Ltd.	5,654		105,968
Investec, Ltd. (a)	4,948		53,190
JD Group, Ltd.	5,346		45,204
Kumba Iron Ore, Ltd.	2,433		79,888
Lewis Group, Ltd.	3,083		25,397
Liberty Group, Ltd. (a)	3,638		46,249
Massmart Holdings, Ltd.	5,969		72,309
Metropolitan Holdings, Ltd. (a)	18,586		41,045
Mittal Steel South Africa, Ltd.	6,145		122,357
MTN Group, Ltd.	44,951		682,471
Murray & Roberts Holdings, Ltd.	9,174		119,772
Nampak, Ltd. *	16,109		50,553
Naspers, Ltd.	10,405		288,768
Nedbank Group, Ltd. (a)	6,222		113,007
Network Healthcare Holdings, Ltd. *	37,390		64,807
Pick'n Pay Stores, Ltd.	6,260		32,378
Pretoria Portland Cement Company, Ltd.	16,498		114,574
Reunert, Ltd. (a)	5,060		49,255
Sanlam, Ltd. (a)	69,494		224,852
Sappi, Ltd.	6,291		95,513
Sasol, Ltd.	17,938		771,426
Shoprite Holdings, Ltd. (a)	12,856		67,241
Spar Group, Ltd.	4,885		39,113
Standard Bank Group, Ltd.	37,072		535,702
Steinhoff International Holdings, Ltd. *	29,777		84,361
Super Group, Ltd.	9,654		18,164
Telkom SA, Ltd. (a)	8,779		221,296
Tiger Brands, Ltd.	4,907		129,646
Truworths International, Ltd. (a)	13,754		63,166
Woolworths Holdings, Ltd. (a)	24,928		65,553
			6,887,599
South Korea - 2.73%
Amorepacific Corp.	90		67,169
Asiana Airlines (a)	2,689		24,946
Cheil Communications, Inc.	100		29,613
Cheil Industries, Inc.	1,420		94,961
CJ CheilJedang Corp. *	211		53,004
CJ Corp.	359		27,664
Daegu Bank	3,940		72,975
Daelim Industrial Company	810		150,025
Daewoo Engineering & Construction
Company, Ltd.	4,740		135,961
Daewoo International Corp. (a)	1,350		56,646
Daewoo Securities Company, Ltd.	3,570		107,278
Daewoo Shipbuilding & Marine Engineering
Company, Ltd.	2,970		187,907
Daishin Securities Company, Ltd.	1,160		38,407
Daum Communications Corp. * (a)	308		23,222
Dongbu Insurance Company, Ltd.	990		41,541
Dongkuk Steel Mill Company, Ltd.	1,070		56,473

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Doosan Heavy Industries and Construction
Company, Ltd.	900	$	95,099
Doosan Infracore Company, Ltd.	1,630		63,319
GS Engineering & Construction Corp.	1,110		192,854
Hana Financial Group, Inc.	3,590		169,271
Hancook Tire Company(The), Ltd.	3,350		68,636
Hanjin Heavy Industries & Construction
Company, Ltd. *	1,043		92,886
Hanjin Heavy Industries & Construction
Holdings Company, Ltd. (a)	386		16,117
Hanjin Shipping Company, Ltd.	1,680		82,609
Hanmi Pharm Company, Ltd.	168		25,425
Hanwha Chem Corp.	1,680		44,334
Hanwha Corp.	1,280		100,565
Hite Brewery Company, Ltd.	360		50,352
Honam Petrochemical Corp.	390		64,350
Hyosung Corp.	700		53,008
Hyundai Autonet Company, Ltd.	2,560		19,554
Hyundai Department Store Company, Ltd.	400		48,080
Hyundai Development Company	1,990		185,920
Hyundai Engineering & Construction
Company, Ltd. *	1,380		131,795
Hyundai Heavy Industries	1,250		577,774
Hyundai Marine & Fire
Insurance Company, Ltd.	1,990		39,141
Hyundai Merchant Marine Company, Ltd. (a)	1,130		59,701
Hyundai Mipo Dockyard	380		130,798
Hyundai Mobis	1,720		182,497
Hyundai Motor Company, Ltd. (a)	4,710		380,341
Hyundai Securities Company, Ltd. (a)	3,520		82,120
Hyundai Steel Company	1,460		123,162
Kangwon Land, Inc.	3,350		98,836
KCC Corp.	150		91,624
Kia Motors Corp. * (a)	5,990		81,490
Kookmin Bank, SADR	8,710		714,133
Kookmin Bank	1,500		124,898
Korea Electric Power Corp., ADR	13,226		306,182
Korea Electric Power Corp.	1,060		49,690
Korea Exchange Bank	2,640		42,839
Korea Investment Holdings Company, Ltd.	1,160		76,307
Korea Zinc Company, Ltd.	340		64,274
Korean Air Lines Company, Ltd. (a)	1,139		77,041
Korean Reinsurance Company, Ltd.	2,070		29,292
KT Corp., SADR	7,002		175,400
KT Corp.	690		34,645
KT Freetel Company, Ltd. (a)	2,230		80,900
KT&G Corp.	3,400		265,640
LG Chem, Ltd.	1,410		147,910
LG Electronics, Inc.	2,900		270,939
LG Fashion Corp., Ltd.	636		21,092
LG Household & Health Care, Ltd. (a)	310		55,892
LG International Corp. (a)	843		26,668

The accompanying notes are an integral part of the financial statements. 

183

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
LG Petrochemical Company, Ltd.	740	$	36,792
LG Philips LCD Company, Ltd. *	1,600		76,578
Lotte Chilsung Beverage Company, Ltd.	20		30,509
Lotte Confectionery Company, Ltd.	20		34,792
Lotte Shopping Company, Ltd.	270		115,063
LS Cable, Ltd.	520		64,776
Mirae Asset Securities Company, Ltd.	554		52,969
NCSoft Corp. * (a)	400		35,491
NHN Corp. *	1,144		264,764
Nong Shim Company, Ltd.	90		22,177
Orion Corp.	100		30,323
Pacific Corp.	140		29,143
Poongsan Corp. (a)	730		20,500
POSCO	2,270		1,669,355
Pusan Bank	3,930		72,146
S1 Corp.	530		31,795
Samsung Corp. (a)	4,100		301,513
Samsung Electro-Mechanics Company, Ltd.	1,870		122,807
Samsung Electronics Company, Ltd.	3,320		2,085,997
Samsung Engineering Company, Ltd.	1,000		134,404
Samsung Fine Chemicals Company, Ltd. (a)	560		37,450
Samsung Fire & Marine
Insurance Company, Ltd.	1,130		243,250
Samsung Heavy Industries Company, Ltd.	5,340		283,878
Samsung SDI Company, Ltd. (a)	1,070		71,789
Samsung Securities Company, Ltd.	1,660		150,555
Samsung Techwin Company, Ltd.	1,460		111,197
Shinhan Financial Group Company, Ltd.,
SADR	625		80,188
Shinhan Financial Group Company, Ltd.	8,450		552,161
Shinsegae Company, Ltd.	430		299,306
SK Corp.	719		153,204
SK Energy Company, Ltd. *	1,760		307,709
SK Telecom Company, Ltd., ADR	9,437		280,279
SK Telecom Company, Ltd. (a)	60		13,768
S-Oil Corp.	1,400		124,526
Tong Yang Investment Bank (a)	2,307		42,351
Woongjin Coway Company, Ltd.	1,150		37,762
Woori Investment & Securities Company, Ltd. (a)	2,910		82,357
Yuhan Corp.	209		44,420
			15,231,236
Spain - 3.11%
Abertis Infraestructuras SA (a)	7,081		220,786
Acciona SA	847		229,653
Acerinox SA (a)	4,702		141,060
ACS Actividades SA	6,252		344,008
Aguas de Barcelona SA-Class A (a)	1,644		62,293
Altadis SA, Series A	7,642		536,098
Antena 3 de Television SA * (a)	2,131		39,206
Banco Bilbao Vizcaya Argentaria SA (a)	110,445		2,581,584
Banco Popular Espanol SA (a)	25,129		430,527
Banco Santander Central Hispano SA	183,257		3,551,361

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain (continued)
Cintra Concesiones de Infraestructuras de
Transporte SA (a)	5,273	$	80,070
Corporacion Mapfre SA (a)	13,850		62,423
Ebro Puleva SA (a)	2,233		45,655
Endesa SA (a)	18,886		1,076,501
Fomento de Construcciones SA	1,443		116,431
Gamesa Corporacion Tecno SA	5,360		218,337
Gas Natural SDG SA (a)	3,191		179,664
Gestevision Telecinco SA	2,959		77,453
Grupo Ferrovial SA	1,834		154,760
Iberdrola SA, GDR	4,788		278,434
Iberdrola SA	23,247		1,361,766
Iberia Lineas Aereas de Espana SA	12,537		60,962
Indra Sistemas SA (a)	3,134		84,529
Industria de Diseno Textil SA	6,536		439,182
Promotora de Informaciones SA	2,061		40,585
Repsol SA	23,497		836,871
Sacyr Vallehermoso SA (a)	2,628		91,693
Sogecable SA *	1,564		56,571
Telefonica SA	130,685		3,647,409
Union Fenosa SA	3,091		182,340
Zardoya Otis SA (a)	3,228		99,915
Zeltia SA *	4,277		46,398
			17,374,525
Sweden - 1.94%
Alfa Laval AB (a)	2,901		185,694
Assa Abloy AB - Series B	9,099		187,938
Atlas Copco AB, Series A, ADR	19,422		334,423
Atlas Copco AB, Series B, ADR	12,160		193,418
Axfood AB (a)	774		25,997
Billerud Aktibolag AB (a)	1,407		18,795
Boliden AB *	8,500		180,160
Castellum AB	4,220		52,298
D. Carnegie & Company AB	2,269		47,479
Electrolux AB - Series B (a)	7,815		164,736
Elekta AB, Series B	2,390		38,754
Eniro AB	5,278		63,983
Ericsson LM, Series B	436,450		1,738,925
Fabege AB, ADR	4,534		53,739
Getinge AB, Series B (a)	4,781		115,178
Hennes & Mauritz AB - B shares	13,982		882,040
Hoganas AB, Series B	753		19,885
Holmen AB, Series B (a)	1,571		59,924
Husqvarna AB, B Shares	7,638		98,195
Kungsleden AB	3,783		48,489
Lundin Petroleum AB, Series A *	7,205		82,615
Modern Times Group AB, Series B	1,602		102,916
Nobia AB	4,000		38,298
Nordea Bank AB	61,302		1,063,117
OMX AB (a)	2,625		113,302
Oriflame Cosmetics AB (a)	1,084		65,453
Sandvik AB	27,999		597,770

The accompanying notes are an integral part of the financial statements. 

184

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Sweden (continued)
SAS AB * (a)	2,554	$	45,554
Scania AB - Series B	10,252		248,562
Securitas AB, B Shares (a)	8,899		116,812
Securitas Direct AB, B Shares *	7,699		22,471
Securitas Systems AB, B Shares	7,699		28,297
Skandinaviska Enskilda Banken AB - Series A	13,667		442,165
Skanska AB, Series B	11,059		218,174
SKF AB, B Shares (a)	12,252		256,846
SSAB Svenskt Stal AB, Series A	5,622		207,065
SSAB Svenskt Stal AB, Series B	2,192		74,471
Svenska Cellulosa AB, ADR	16,076		298,531
Svenska Handelsbanken AB - Series A	15,039		464,489
Swedish Match AB	8,653		179,060
Tele2 AB - Series B	9,008		193,709
Teliasonera AB	66,043		594,086
Trelleborg AB, Series B	2,354		55,256
Volvo AB - Series A *	14,290		247,159
Volvo AB - Series B	31,320		542,919
Wihlborgs Fastigheter AB	640		11,811
			10,820,958
Switzerland - 5.00%
ABB, Ltd.	61,730		1,621,315
Adecco SA	4,055		239,163
Ciba Specialty Chemicals AG (a)	2,005		101,938
Clariant AG *	7,021		86,067
Compagnie Financiere
Richemont AG, Series A	15,469		1,022,344
Credit Suisse Group AG	32,481		2,150,838
Geberit AG, ADR	1,210		157,864
Givaudan AG	172		158,540
Holcim, Ltd.	5,928		653,052
Kudelski SA	1,029		29,018
Kuehne & Nagel International AG (a)	1,500		147,257
Kuoni Reisen Holding AG, Series B	95		44,760
Logitech International SA * (a)	4,819		143,082
Lonza Group AG	1,416		154,052
Nestle SA	11,931		5,345,366
Nobel Biocare Holding AG, Series BR	726		196,061
Novartis AG	69,033		3,799,521
Phonak Holding AG (a)	1,314		131,473
PSP Swiss Property AG * (a)	1,343		71,099
Rieter Holding AG	142		76,635
Roche Holdings AG	20,909		3,781,120
Schindler Holding AG	1,488		93,689
Societe Generale de Surveillance Holdings AG	126		143,556
Straumann Holding AG	197		55,184
Sulzer AG	104		148,781
Swatch Group AG - BR shares (a)	994		325,273
Swatch Group AG	1,486		94,900
Swiss Life Holding *	1,036		268,019
Swiss Re	10,745		954,518
Swisscom AG	694		263,219

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Switzerland (continued)
Syngenta AG *	3,178	$	683,324
Synthes AG (a)	1,827		203,930
UBS AG	59,474		3,189,337
Unaxis Holding AG *	178		65,148
Zurich Financial Services AG	4,296		1,285,285
			27,884,728
Taiwan - 1.77%
Acer Sertek, Inc.	61,915		109,089
Advanced Semiconductor Engineering, Inc.	101,018		110,815
Advantech Company, Ltd.	6,300		18,667
Asia Cement Corp.	43,200		75,320
Asia Optical Company, Inc.	4,039		13,985
Asustek Computer, Inc.	72,432		220,392
AU Optronics Corp.	166,245		286,796
BenQ Corp. *	51,000		26,020
Catcher Technology Company, Ltd.	10,400		75,686
Cathay Financial Holdings Company, Ltd.	147,000		347,737
Cathay Real Estate Development
Company, Ltd.	22,000		10,887
Chang Hwa Commercial Bank, Ltd.	99,000		65,221
Cheng Shin Rubber Industry Company, Ltd.	16,050		36,393
Cheng Uei Precision Industry Company, Ltd.	6,300		17,837
Chi Mei Optoelectronics Corp.	97,760		113,532
China Airlines, Ltd.	30,895		12,591
China Development Financial Holdings Corp.	239,990		96,702
China Motor Company, Ltd.	13,065		11,970
China Steel Corp.	230,720		336,518
Chinatrust Finance Holding Company, Ltd. *	184,000		135,033
Chunghwa Picture Tubes, Ltd. *	164,000		46,735
Chunghwa Telecom Company, Ltd.	143,000		267,290
CMC Magnetics Corp. *	65,000		29,079
Compal Communications, Inc.	5,250		13,320
Compal Electronics, Inc.	89,445		101,134
Compeq Manufactuing Company, Ltd.	23,000		11,135
Delta Electronics, Inc.	39,900		154,661
D-Link Corp.	16,320		40,506
E.Sun Financial Holding Company, Ltd. *	79,000		42,605
Epistar Corp.	9,172		44,687
Eternal Chemical Company, Ltd.	12,320		17,026
EVA Airways Corp. *	30,000		10,985
Evergreen Marine Corp.	25,000		21,641
Far Eastern Textile, Ltd.	69,010		92,725
First Financial Holding Company, Ltd.	117,300		83,927
Formosa Chemicals & Fibre Corp.	75,000		191,895
Formosa Petrochemical Corp.	51,000		153,148
Formosa Plastic Corp.	108,000		304,458
Formosa Taffeta Company, Ltd.	18,000		20,463
Foxconn Technology Company, Ltd.	10,350		119,881
Fubon Group Company, Ltd.	96,000		81,924
Fuhwa Financial Holdings Company, Ltd. *	150,130		92,006
Gigabyte Technology Company, Ltd.	14,000		11,561
HannStar Display Corp. *	118,000		33,988

The accompanying notes are an integral part of the financial statements. 

185

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
High Tech Computer Corp.	10,400	$	152,487
Hon Hai Precision Industry Company, Ltd.	131,424		990,664
Hua Nan Financial Holdings Company, Ltd.	88,000		62,019
InnoLux Display Corp.	43,673		187,352
Inotera Memories, Inc.	77,380		78,127
Inventec Appliances Corp.	5,250		10,408
Inventec Company, Ltd.	35,700		22,316
Kinpo Electronics, Inc.	25,500		10,236
Largan Precision Company, Ltd.	3,060		33,286
Lite-On Technology Corp.	45,811		71,591
Macronix International Company, Ltd.	68,177		42,199
MediaTek, Inc.	22,050		397,285
Mega Financial Holding Company, Ltd.	228,000		143,919
Micro-Star International Company, Ltd.	18,016		18,218
Mitac International	24,822		34,607
Mosel Vitelic, Inc.	23,690		32,085
Nan Ya Plastics Corp.	134,000		349,012
Nan Ya Printed Circuit Board Corp.	5,000		30,182
Nanya Technology Corp.	54,587		36,798
Novatek Microelectronics Corp., Ltd.	11,219		48,816
Oriental Union Chemical Corp.	12,240		15,152
Phoenix Precision Technology Corp.	14,069		16,317
Polaris Securities Company, Ltd. *	54,118		29,186
Pou Chen Corp.	52,013		51,957
Powerchip Semiconductor Corp.	177,963		88,341
Powertech Technology, Inc.	10,350		41,704
President Chain Store Corp.	11,000		30,909
ProMOS Technologies, Inc.	146,000		44,737
Quanta Computer, Inc.	47,940		75,358
Realtek Semiconductor Corp.	10,500		47,618
Ritek Corp. *	53,000		18,676
Shin Kong Financial Holding Company, Ltd.	77,182		71,660
Siliconware Precision Industries Company	63,223		142,390
SinoPac Holdings Company, Ltd.	138,000		64,275
Synnex Technology International Corp.	17,850		50,047
Taishin Financial Holdings Company, Ltd. *	119,000		60,166
Taiwan Cellular Corp.	68,000		92,514
Taiwan Cement Corp.	74,740		122,296
Taiwan Fertilizer Company, Ltd.	17,000		41,048
Taiwan Glass Industrial Corp.	17,536		19,129
Taiwan Secom Company, Ltd.	6,000		9,928
Taiwan Semiconductor
Manufacturing Company, Ltd.	539,684		1,051,751
Tatung Company, Ltd. *	96,000		50,008
Teco Electric & Machinery Company, Ltd.	40,000		23,594
Tripod Technology Corp.	9,120		37,167
U-Ming Marine Transport Corp.	10,000		32,787
Unimicron Technology Corp.	20,400		37,318
Uni-President Enterprises Corp.	68,900		105,562
United Microelectronics Corp.	322,788		229,431
Via Technologies, Inc. *	23,000		15,505
Walsin Lihwa Corp.	74,000		36,734

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Wan Hai Lines, Ltd.	25,000	$	19,228
Waterland Financial Holding Company	36,720		11,814
Winbond Electronics Corp.	81,000		26,061
Wintek Corp.	21,000		28,056
Wistron Corp.	26,497		47,903
Yageo Corp.	56,000		23,337
Yang Ming Marine Transport Corp.	28,223		22,701
Yieh Phui Enterprise Company, Ltd.	23,690		11,106
Yuen Foong Yu Paper Manufacturing
Company, Ltd.	28,280		13,172
Yulon Motor Company, Ltd.	17,253		19,349
Zyxel Communications Corp.	9,180		16,484
			9,852,054
Thailand - 0.19%
Advanced Info Service PCL (a)	24,700		63,416
Airports of Thailand PCL (a)	12,200		22,069
Aromatics Thailand PCL	6,800		15,078
Bangkok Bank PCL, Foreign Shares	23,100		77,505
Bangkok Bank PCL	9,700		32,546
Bangkok Expressway PCL	7,000		5,085
Banpu PCL, Reg.	4,100		41,867
BEC World PCL	25,900		17,531
C.P. Seven Eleven PCL	45,095		14,867
Charoen Pokphand Foods PCL	66,100		10,125
Electricity Generating PCL, Foreign Shares	3,900		13,427
Hana Microelectronics PCL	16,000		11,484
IRPC PCL	214,900		43,262
Kasikornbank PCL - Foreign Shares	32,500		78,228
Kasikornbank PCL	10,100		24,311
Krung Thai Bank PCL	79,500		25,282
Land & Houses PCL, Foreign Shares (a)	58,600		14,874
Land & Houses PCL	42,600		10,813
National Finance PCL	13,200		6,046
Precious Shipping PCL	12,200		13,348
PTT Chemical PCL	7,797		29,345
PTT Exploration & Production PCL	28,300		108,989
PTT PCL, Foreign Shares	20,600		201,943
Ratchaburi Electricity Generating Holding PCL	8,400		11,580
Siam Cement PCL, Foreign Shares	8,400		63,720
Siam Cement PCL	3,700		28,067
Siam City Cement PCL	1,800		14,705
Siam Commercial Bank PCL (a)	22,500		52,845
Siam Makro PCL	1,700		4,613
Thai Airways International PCL	14,500		17,768
True Corp. PCL *	48,000		9,383
			1,084,122
Turkey - 0.31%
Adana Cimento Sanayii Turk Anonim Sirketi,
Class A	1,139		8,894
Akbank AS	27,982		212,729
Akcansa Cimento AS	1,278		9,769

The accompanying notes are an integral part of the financial statements. 

186

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Turkey (continued)
Aksigorta AS	3,270	$	22,563
Anadolu Efes Biracilik Ve Malt Sanayii AS	6,969		72,561
Arcelik AS	2,672		21,638
Aygaz AS	2,557		10,882
Cimsa Cimento Sanayi ve Ticaret AS	892		7,666
Dogan Sirketler Grubu Holdings AS *	16,382		35,738
Dogan Yayin Holding AS *	6,662		28,351
Eregli Demir ve Celik Fabrikalari TAS	13,052		121,876
Ford Otomotiv Sanayi AS	1,875		19,832
HACI Omer Sabanci Holdings, AS	13,936		89,248
Hurriyet Gazetecilik AS *	5,011		15,818
Is Gayrimenkul Yatirim Ortakligi AS *	5,410		9,254
KOC Holdings AS *	10,851		56,938
Migros Turk TAS	3,013		52,285
Petkim Petrokimya Holding AS *	2,188		17,900
Tofas Turk Otomobil Fabrik AS	3,340		16,698
Trakya Cam Sanayi AS	2,662		9,943
Tupras Turkiye Petrol Rafine AS	3,873		102,414
Turk Hava Yollari AS *	2,218		17,229
Turk Sise ve Cam Fabrikalari AS	3,960		19,634
Turkcell Iletisim Hizmetleri AS	16,994		143,238
Turkiye Garanti Bankasi AS	32,389		247,571
Turkiye Is Bankasi AS	29,785		179,672
Turkiye Vakiflar Bankasi Tao	29,858		101,653
Ulker Gida Sanayi ve Ticaret AS	1,884		8,407
Vestel Elektronik Sanayi ve Tracaret AS *	2,061		5,688
Yapi ve Kredi Bankasi AS *	19,550		62,358
			1,728,447
United Kingdom - 16.38%
3i Group PLC	12,095		245,835
Aegis Group PLC	19,444		49,549
Aggreko PLC	7,664		90,308
AMEC PLC	10,983		165,913
Amvescap PLC	21,658		292,072
Anglo American PLC	39,378		2,640,340
ARM Holdings PLC	36,227		113,735
Arriva PLC	5,685		89,531
AstraZeneca Group PLC	43,404		2,167,010
Astro All Asia Networks PLC, GDR	12,500		12,986
Aviva PLC	74,447		1,117,037
BAE Systems PLC	96,922		975,106
Barclays PLC	190,529		2,313,051
Barratt Developments PLC	9,112		138,950
BBA Aviation PLC	11,824		55,080
Bellway PLC	3,236		68,016
Berkeley Group Holdings PLC *	2,430		71,039
BG Group PLC	99,758		1,720,523
BHP Billiton PLC	66,982		2,389,673
BICC PLC	13,870		134,170
Biffa PLC	9,468		42,754
Bovis Homes Group PLC	2,679		35,718

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
BP PLC	556,718	$	6,440,855
Britannic Group PLC	18,873		262,595
British Airways PLC *	17,780		138,917
British American Tobacco PLC	45,229		1,615,450
British Energy Group PLC	30,330		330,493
British Land Company PLC	15,160		362,217
British Sky Broadcasting Group PLC	34,661		491,098
Brixton PLC	7,322		54,073
BT Group PLC	237,164		1,484,327
Bunzl PLC	10,020		143,093
Burberry Group PLC	11,807		158,142
Cadbury Schweppes PLC	61,182		707,211
Capita Group PLC	18,345		270,762
Carnival PLC	5,054		240,480
Carphone Warehouse	11,366		80,752
Cattles PLC	9,836		69,982
Centrica PLC	105,943		821,806
Charter PLC *	4,751		114,581
Close Brothers Group PLC	2,918		48,364
Cobham PLC	32,858		129,953
Compass Group PLC	58,193		358,278
Cookson Group PLC	5,853		91,043
CSR PLC *	2,427		31,839
Daily Mail and General Trust PLC	8,321		106,871
Davis Service Group PLC	5,279		57,631
De La Rue PLC	4,732		70,422
Diageo PLC	77,121		1,688,571
Dixons Group PLC	55,960		154,012
Electrocomponents PLC	12,926		67,131
EMAP PLC	6,007		107,644
Enterprise Inns PLC	15,585		188,092
FirstGroup PLC	12,646		177,500
FKI PLC	21,176		39,285
Friends Provident Ethical Investment
Trust PLC	46,214		162,048
Galiform PLC *	18,547		41,592
GKN PLC	22,652		163,475
GlaxoSmithKline PLC	166,231		4,395,359
Grafton Group PLC *	517		5,763
Great Portland Estates PLC	5,069		61,745
Group 4 Securicor PLC	33,367		137,408
Hammerson PLC	8,779		209,756
Hays PLC	46,107		125,015
HBOS PLC	108,687		2,026,300
Home Retail Group	24,594		186,891
HSBC Holdings PLC	340,693		6,282,235
ICAP PLC	15,278		164,142
IMI PLC	11,033		120,222
Imperial Chemical Industries PLC	35,336		469,686
Imperial Tobacco Group PLC	19,680		899,103
Inchcape PLC	13,608		116,794
Intercontinental Hotels Group PLC	8,732		172,763

The accompanying notes are an integral part of the financial statements. 

187

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
International Personal Finance PLC	7,595	$	30,503
International Power PLC	43,772		402,676
Intertek Group PLC	5,326		102,824
Invensys PLC *	23,699		149,894
Investec PLC	10,649		111,153
ITV PLC	106,881		223,558
J Sainsbury PLC	45,528		536,010
Johnson Matthey PLC	5,978		203,158
Kelda Group PLC	7,781		136,737
Kesa Electricals PLC	15,212		85,360
Kingfisher PLC	66,609		242,797
Ladbrokes PLC	20,106		176,970
Land Securities Group PLC	13,641		467,751
Legal & General Group PLC	197,087		536,793
Liberty International PLC	7,346		170,875
Lloyds TSB Group PLC	165,101		1,825,962
Logicacmg PLC	41,317		127,399
London Stock Exchange Group PLC	4,090		136,995
Man Group PLC	51,528		581,438
Marks & Spencer Group PLC	49,154		616,779
Meggitt PLC	17,825		115,285
Michael Page International PLC	9,614		80,848
Misys PLC	17,374		78,277
Mondi PLC	10,929		103,604
Mondi, Ltd.	4,371		43,485
National Express Group PLC	4,498		113,431
National Grid PLC, ADR	79,057		1,263,569
Next Group PLC	6,711		268,702
Old Mutual PLC	151,076		493,709
Pearson PLC	23,570		363,986
Persimmon PLC	8,103		159,245
Premier Farnell PLC	7,074		22,822
Provident Financial PLC	3,797		69,202
Prudential PLC	71,487		1,095,215
Punch Taverns PLC	7,917		159,140
Rank Group PLC	13,037		42,990
Reckitt Benckiser PLC	17,667		1,034,403
Reed Elsevier PLC	36,717		462,592
Rentokil Initial PLC	56,546		192,398
Reuters Group PLC	38,142		499,985
Rexam PLC	18,218		204,828
Rio Tinto PLC	29,045		2,503,507
Rolls-Royce Group PLC *	53,681		571,807
Royal Bank of Scotland Group PLC	275,817		2,952,043
Royal Dutch Shell PLC, A Shares	106,699		4,387,414
Royal Dutch Shell PLC, B Shares	80,449		3,299,826
SABMiller PLC	26,017		738,310
Schroders PLC	3,006		84,986
Scottish & Newcastle PLC	22,315		278,186
Scottish & Southern Energy PLC	24,803		764,031
Segro PLC, REIT	13,093		133,326
Serco Group PLC	13,241		112,024

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Severn Trent PLC	6,312	$	181,438
Signet Group PLC	54,625		93,265
Smith & Nephew PLC	27,399		333,745
Smiths Group PLC	11,063		241,098
SSL International PLC	6,081		52,687
Stagecoach Group PLC	17,095		79,198
Standard Life PLC	60,132		353,666
Tate & Lyle PLC	13,424		110,151
Taylor Woodrow PLC	32,947		185,214
Tesco PLC	229,977		2,059,390
The Sage Group PLC	34,456		175,082
Thomas Cook Group PLC *	12,688		72,038
Tomkins PLC	27,175		125,897
Travis Perkins PLC	3,215		101,198
Trinity Mirror PLC	9,801		82,321
TUI Travel PLC *	14,401		73,984
Tullett Prebon PLC	6,531		57,452
Unilever PLC	38,025		1,197,678
United Business Media PLC	6,257		88,334
United Utilities PLC	25,263		360,517
Vodafone Group PLC (a)	1,542,034		5,548,570
Whitbread PLC	5,742		189,870
William Hill PLC	11,292		148,136
Wolseley PLC	19,924		335,708
WPP Group PLC	33,796		456,106
Xstrata PLC	17,849		1,180,422
Yell Group PLC	24,052		210,354
			91,424,490
United States - 0.00%
Southern Copper Corp.	154		19,070
TOTAL COMMON STOCKS (Cost $382,318,148)		$	540,617,918
PREFERRED STOCKS - 1.23%
Brazil - 0.93%
Aracruz Celulose SA	8,100		59,230
Banco Bradesco SA	18,600		542,416
Banco Itau Holding Financeira SA	15,522		778,211
Brasil Telecom Participacoes SA	4,700		70,321
Braskem SA, A Shares	1,300		12,215
Centrais Eletricas Brasileiras SA *	4,000		55,930
Cia de Bebidas das Americas, ADR	2,891		211,419
Cia de Bebidas das Americas	3,011		221,156
Cia de Gas de Sao Paulo, A Shares	60,000		14,363
Cia Energetica de Minas Gerais	4,500		95,484
Cia Energetica de Sao Paulo *	4,497		83,192
Cia Paranaense de Energia	2,900		46,230
Cia Vale do Rio Doce	36,900		1,047,976
Companhia de Tecidos de Norte de Minas SA	1,600		10,725
Duratex SA *	1,900		56,545
Eletropaulo Metropolitana de Sao Paulo SA	651,566		43,249
Gerdau SA	5,250		136,849

The accompanying notes are an integral part of the financial statements. 

188

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS (continued)
Brazil (continued)
Gol Linhas Aereas Inteligentes SA	1,400	$	33,850
Klabin SA	16,000		60,936
Lojas Americanas SA	8,000		79,217
NET Servicos de Comunicacao SA *	3,319		54,281
Petroleo Brasileiro SA	27,400		882,524
Sadia SA, ADR *	12,000		66,464
Tam SA	1,816		49,599
Tele Norte Leste Participacoes SA	5,000		112,894
Telemig Celular Participacoes SA	516		15,071
Telesp Celular Participacoes SA	12,700		61,358
Tim Participacoes SA	16,751		68,171
Usinas Siderurgicas de Minas Gerais SA,
Series A	2,300		160,174
Votorantim Celulose e Papel SA *	2,000		57,127
			5,187,177
Germany - 0.19%
Porsche AG	255		540,115
RWE AG	1,069		119,996
Volkswagen AG	3,082		422,862
			1,082,973
Italy - 0.02%
Unipol SpA	27,652		86,494
Japan - 0.00%
ITO EN, Ltd.	512		10,171
Russia - 0.03%
Surgutneftegaz SADR	2,141		149,442
South Korea - 0.06%
Hyundai Motor Company	1,000		40,103
LG Electronics, Inc.	470		23,265
Samsung Electronics Company, Ltd.	610		283,953
			347,321
TOTAL PREFERRED STOCKS (Cost $3,661,524)		$	6,863,578
WARRANTS - 0.00%
Hong Kong - 0.00%
China Overseas Land & Investment, Ltd.
(Expiration Date: 08/27/2008, Strike
Price: HKD 12.50) *	9,257		6,243
Indonesia - 0.00%
Bank Pan Indonesia Tbk PT
(Expiration Date: 10/07/2009, Strike
Price: IDR 400.00) *	33,314		1,038
TOTAL WARRANTS (Cost $317)		$	7,281
RIGHTS - 0.04%
Australia - 0.01%
Newcrest Mining, Ltd. (Expiration Date:
10/04/2007, Strike Price: AUD 17.40) *	3,350		31,441

International Equity Index Trust B (continued)
		Shares or
		Principal
		Amount		Value
RIGHTS (continued)
Austria - 0.00%
Raiffeisen International Bank Holding AG
(Expiration Date: 10/03/2007, Strike Price:
EUR 104.00) *		1,099	$	0
Wienerberger AG (Expiration Date:
10/11/2007, Strike Price EUR 45.00) *		2,169		0
Belgium - 0.03%
Fortis (Expiration Date: 10/09/2007, Strike
Price: EUR 15.00) *		37,407		197,849
Omega Pharma SA (Expiration Date:
10/03/2007, Strike Price: EUR 10.25) *		565		0
				197,849
Japan - 0.00%
Dowa Mining Company, Ltd. (Expiration Date:
01/29/2010, Strike Price: JPY 1.00) *		6,534		4,131
Malaysia - 0.00%
Malaysian Airline System BHD (Expiration
Date: 10/31/2007, Strike Price: MYR 2.70)		2,300		1,080
Thailand - 0.00% *
True Corp. PCL (Expiration Date: 03/31/2008,
Strike Price THB 0.5004) *		23,152		0
TOTAL RIGHTS (Cost $0)			$	234,501
SHORT TERM INVESTMENTS - 25.41%
AIM Short-Term Investment Trust,
STIC Prime Portfolio, Institutional
Class	$	4,734,625	$	4,734,625
Federated Prime Obligations Fund		26,698		26,698
John Hancock Cash Investment Trust (c)		137,010,797		137,010,797
TOTAL SHORT TERM INVESTMENTS
(Cost $141,772,120)			$	141,772,120
Total Investments (International Equity Index Trust B)
(Cost $527,752,109) - 123.57%			$	689,495,398
Liabilities in Excess of Other Assets - (23.57)%				(131,504,609)
TOTAL NET ASSETS - 100.00%			$	557,990,789

The portfolio had the following five top industry concentrations as of September 30, 2007 (as a percentage of total net assets):

Banking	13.09%
Telecommunications Equipment & Services	6.57%
International Oil	5.41%
Insurance	5.24%
Financial Services	4.33%

The accompanying notes are an integral part of the financial statements. 

189

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Opportunities Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 92.60%
Australia - 3.06%
CSL, Ltd.	120,988	$	11,493,623
Macquarie Bank, Ltd. (a)	175,930		13,146,110
Macquarie Infrastructure Group, Ltd. (a)	1,665,149		4,599,627
			29,239,360
Austria - 0.89%
Erste Bank der Oesterreichischen
Sparkassen AG (a)	111,919		8,505,306
Bermuda - 1.29%
Esprit Holdings, Ltd.	779,500		12,390,932
Brazil - 8.06%
All America Latina Logistica SA	360,831		5,123,879
Gafisa SA	478,891		8,037,969
JHSF Participacoes SA *	818,700		4,351,849
Petroleo Brasileiro SA, ADR (a)	338,053		25,523,002
Redecard SA *	281,300		5,234,200
Unibanco - Uniao De Bancos
Brasileiros SA, ADR * (a)	219,137		28,827,472
			77,098,371
Canada - 3.45%
Potash Corp. of Saskatchewan, Inc.	153,431		16,217,657
Research In Motion, Ltd. *	170,614		16,814,009
			33,031,666
France - 11.19%
Accor SA	185,368		16,409,006
Alstom (a)	47,119		9,551,302
Cie Generale de Geophysique-Veritas * (a)	30,242		9,853,006
Electricite de France (a)	186,302		19,641,157
JC Decaux SA (a)	409,712		14,347,673
Pinault-Printemps-Redoute SA (a)	74,530		13,981,250
Veolia Environnement SA	270,786		23,250,357
			107,033,751
Germany - 7.44%
Continental AG	242,482		33,434,904
DaimlerChrysler AG	282,803		28,403,581
GEA Group AG *	138,716		4,865,574
MTU Aero Engines Holding AG (a)	74,038		4,494,909
			71,198,968
Hong Kong - 8.04%
China Merchants Holdings International
Company, Ltd.	1,722,000		10,727,522
China Mobile, Ltd.	1,774,000		29,044,348
CNOOC, Ltd.	8,610,500		14,496,295
Melco PBL Entertainment Macau, Ltd., ADR * (a)	670,524		11,063,646
Shangri-La Asia, Ltd.	3,443,222		11,611,470
			76,943,281
India - 1.46%
ICICI Bank, Ltd., SADR (a)	264,969		13,969,166
Japan - 8.18%
Daikin Industries, Ltd.	198,775		9,560,147
Fujitsu, Ltd. (a)	652,000		4,604,488

International Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Marubeni Corp. (a)		1,731,000	$	15,867,751
Mitsui Trust Holdings, Inc. (a)		1,197,000		9,327,814
Nintendo Company, Ltd. (a)		41,300		21,479,736
Toyota Motor Corp. (a)		137,665		8,117,661
Yamada Denki Company, Ltd. (a)		93,872		9,282,698
				78,240,295
Mexico - 3.23%
America Movil SA de CV, Series L, ADR		205,898		13,177,472
Grupo Televisa SA, SADR *		735,321		17,772,709
				30,950,181
Netherlands - 2.57%
ArcelorMittal (a)		135,182		10,646,053
Heineken NV (a)		213,747		13,985,726
				24,631,779
Singapore - 1.81%
Capitaland, Ltd. * (a)		3,157,413		17,336,735
South Africa - 0.46%
MTN Group, Ltd.		286,949		4,356,619
South Korea - 1.35%
Samsung Electronics Company, Ltd.		20,610		12,949,516
Switzerland - 13.72%
ABB, Ltd.		742,847		19,510,592
Actelion Ltd *		198,353		10,959,668
Holcim, Ltd. (a)		281,359		30,995,646
Julius Baer Holding AG		206,728		15,415,833
Kuehne & Nagel International AG (a)		47,401		4,653,407
Lonza Group AG (a)		155,752		16,944,793
Nestle SA		42,796		19,173,605
Roche Holdings AG		75,491		13,651,561
				131,305,105
United Kingdom - 11.83%
Amdocs, Ltd. *		126,028		4,686,981
British Sky Broadcasting Group PLC		1,952,150		27,659,249
Johnson Matthey PLC		134,655		4,576,152
Man Group PLC		1,246,763		14,068,375
Reckitt Benckiser PLC		195,930		11,471,700
Rio Tinto PLC		155,341		13,389,473
Tesco PLC		4,172,722		37,365,742
				113,217,672
United States - 4.57%
Las Vegas Sands Corp. * (a)		156,424		20,870,090
Schlumberger, Ltd.		217,421		22,829,205
				43,699,295
TOTAL COMMON STOCKS (Cost $723,464,379)			$	886,097,998
SHORT TERM INVESTMENTS - 28.23%
John Hancock Cash Investment Trust (c)	$	246,740,237	$	246,740,237

The accompanying notes are an integral part of the financial statements. 

190

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
U.S. Treasury Bills
zero coupon due 11/01/2007 to
02/07/2008	$	23,593,000	$	23,392,718
TOTAL SHORT TERM INVESTMENTS
(Cost $270,132,955)			$	270,132,955
REPURCHASE AGREEMENTS - 5.90%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$56,495,296 on 10/01/2007,
collateralized by $54,995,000
Federal Home Loan Bank, 5.50%
due 08/13/2014 (valued at
$57,607,263, including interest)	$	56,476,000	$	56,476,000
TOTAL REPURCHASE AGREEMENTS
(Cost $56,476,000)			$	56,476,000
Total Investments (International Opportunities Trust)
(Cost $1,050,073,334) - 126.73%			$	1,212,706,953
Liabilities in Excess of Other Assets - (26.73)%				(255,787,500)
TOTAL NET ASSETS - 100.00%			$	956,919,453
The portfolio had the following five top industry concentrations as of
September 30, 2007 (as a percentage of total net assets):

Banking	8.35%
Cellular Communications	4.87%
Broadcasting	4.75%
Retail Grocery	3.90%
Automobiles	3.82%

International Small Cap Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 93.31%
Australia - 4.86%
Billabong International, Ltd.	410,076	$	5,438,650
Downer EDI, Ltd.	2,234,211		12,382,647
Iluka Resources, Ltd.	907,025		4,432,750
PaperlinX, Ltd.	3,503,799		9,430,347
			31,684,394
Belgium - 0.97%
Barco NV	73,355		6,300,528
Bermuda - 5.65%
Bio-Treat Technology, Ltd.	9,066,000		5,558,216
Giordano International, Ltd.	8,686,017		4,192,498
Ngai Lik Industrial Holdings, Ltd.	20,564,201		1,561,654
People's Food Holdings, Ltd.	12,229,370		11,781,984
Texwinca Holdings, Ltd.	11,845,324		9,833,940

International Small Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Bermuda (continued)
Yue Yuen Industrial Holdings, Ltd.	1,292,553	$	3,868,051
			36,796,343
Brazil - 0.83%
Companhia de Saneamento de Minas Gerais	329,500		5,378,128
Canada - 9.38%
Abitibi-Consolidated, Inc. *	2,036,300		3,597,739
ATS Automation Tooling Systems, Inc. *	587,560		4,093,426
Dorel Industries, Inc., Class B	251,200		7,565,126
GSI Group, Inc. *	583,548		6,594,092
MDS, Inc.	451,384		9,737,732
Mega Brands, Inc. *	274,800		4,656,552
North West Company	355,104		7,101,010
Open Text Corp. *	359,702		9,373,954
Quebecor World, Inc. *	433,159		4,187,443
Saxon Energy Services, Inc. *	845,500		4,243,839
			61,150,913
Cayman Islands - 0.77%
Chitaly Holdings, Ltd.	6,728,000		1,654,018
TCL Communication Technology
Holdings, Ltd. *	93,375,008		3,365,190
			5,019,208
China - 3.14%
BYD Company, Ltd., H Shares	932,246		6,959,522
Sinotrans, Ltd.	22,156,000		13,517,320
			20,476,842
Denmark - 0.59%
Vestas Wind Systems AS *	49,145		3,872,158
Finland - 3.29%
Amer Sports Oyj, Series A	481,640		11,127,928
Elcoteq SE, A Shares	326,330		2,199,245
Huhtamaki Oyj	536,834		8,144,095
			21,471,268
Germany - 1.97%
Jenoptik AG *	1,004,361		9,881,761
Vossloh AG	27,590		2,969,518
			12,851,279
Hong Kong - 4.40%
AAC Acoustic Technology Holdings, Inc. *	4,004,000		4,942,351
Dah Sing Financial Group	628,929		4,848,968
Fountain Set Holdings, Ltd.	16,101,998		5,885,983
Lerado Group Holding Company, Ltd.	13,967,612		1,150,597
Travelsky Technology, Ltd.	3,598,604		3,858,335
Weiqiao Textile Company, Ltd.	4,243,746		7,974,861
			28,661,095
Indonesia - 0.74%
Astra International Tbk PT	2,284,706		4,809,250
Japan - 4.69%
Descente, Ltd.	618,000		3,101,287
Meitec Corp. (a)	164,466		4,820,407

The accompanying notes are an integral part of the financial statements. 

191

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nichii Gakkan Company, Ltd. (a)	508,900	$	8,772,307
Sohgo Security Services Company, Ltd.	452,386		7,341,731
Takuma Company, Ltd. (a)	1,140,000		6,533,832
			30,569,564
Luxembourg - 0.42%
Thiel Logistik AG *	816,376		2,762,521
Netherlands - 4.96%
Draka Holding NV	59,716		2,657,501
Imtech NV	41,469		3,397,310
OPG Groep NV	380,316		12,328,716
SBM Offshore NV	111,178		4,358,068
Vedior NV	435,600		9,556,353
			32,297,948
Norway - 0.29%
Tomra Systems ASA	260,000		1,873,510
Philippines - 0.06%
First Gen Corp.	260,000		365,266
Singapore - 2.41%
Cerebos Pacific, Ltd.	317,209		859,112
Huan Hsin Holdings, Ltd.	2,450,627		891,558
Osim International, Ltd. (a)	5,422,237		2,191,836
Venture Corp., Ltd.	1,057,000		11,749,983
			15,692,489
South Korea - 9.65%
Daeduck Electronics Company, Ltd.	513,650		4,001,884
Daegu Bank	478,410		8,860,897
Halla Climate Control Company, Ltd.	788,730		8,092,853
Intops Company, Ltd.	115,269		3,451,205
People & Telecommunication, Inc.	298,619		3,883,042
Pusan Bank	880,760		16,168,681
Sindo Ricoh Company, Ltd.	87,910		7,684,861
Youngone Corp.	1,035,230		10,746,528
			62,889,951
Sweden - 2.35%
D. Carnegie & Company AB	508,575		10,641,945
Securitas Systems AB, B Shares	1,272,740		4,677,818
			15,319,763
Switzerland - 1.35%
Verwaltungs & Privat Bank AG	36,437		8,802,188
Taiwan - 12.37%
Acbel Polytech, Inc.	6,720,326		4,365,586
BenQ Corp. *	5,171,000		2,638,185
D-Link Corp.	8,932,466		22,170,361
Fu Sheng Industrial Company, Ltd.	5,464,600		5,793,631
Giant Manufacturing Company, Ltd.	985,000		2,559,461
KYE System Corp.	4,751,907		9,580,986
Pihsiang Machinery Manufacturing Company,
Ltd.	3,527,000		8,094,754
Simplo Technology Company, Ltd.	1,588,200		9,514,114
Ta Chong Bank, Ltd. *	21,834,000		8,162,243

International Small Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Taiwan Fu Hsing Industrial Company, Ltd.		2,863,310	$	2,197,822
Test-Rite International Company, Ltd.		8,205,171		5,569,007
				80,646,150
Thailand - 4.15%
Bank of Ayudhya PCL, NVDR		11,406,200		9,567,564
Glow Energy PCL		9,359,024		9,556,990
Total Access Communication PCL *		5,923,205		7,937,095
				27,061,649
United Kingdom - 12.68%
Bodycote International PLC		1,422,292		7,190,893
Burberry Group PLC		505,201		6,766,623
Fiberweb PLC		2,392,150		2,877,285
FKI PLC		5,400,490		10,018,829
Future PLC		7,431,290		6,628,033
Game Group PLC		6,699,845		26,224,570
John Wood Group PLC		885,875		7,156,227
Yule Catto & Company PLC		3,401,672		15,794,039
				82,656,499
United States - 1.34%
Steiner Leisure, Ltd. *		201,314		8,737,028
TOTAL COMMON STOCKS (Cost $453,738,763)			$	608,145,932
SHORT TERM INVESTMENTS - 3.64%
John Hancock Cash Investment Trust (c)	$	4,820,363	$	4,820,363
Paribas Corp. Time Deposit
5.15% due 10/01/2007		18,910,000		18,910,000
TOTAL SHORT TERM INVESTMENTS
(Cost $23,730,363)			$	23,730,363
REPURCHASE AGREEMENTS - 0.02%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$94,032 on 10/01/2007,
collateralized by $100,000 Federal
Home Loan Bank, 5.375% due
03/09/2009 (valued at $100,250,
including interest)	$	94,000	$	94,000
TOTAL REPURCHASE AGREEMENTS
(Cost $94,000)			$	94,000
Total Investments (International Small Cap Trust)
(Cost $477,563,126) - 96.97%			$	631,970,295
Other Assets in Excess of Liabilities - 3.03%				19,759,797
TOTAL NET ASSETS - 100.00%			$	651,730,092

The accompanying notes are an integral part of the financial statements. 

192

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

The portfolio had the following five top industry concentrations as of
September 30, 2007 (as a percentage of total net assets):
Apparel & Textiles	8.07%
Banking	7.91%
Computers & Business Equipment	6.47%
Software	5.04%
Electronics	4.28%

International Small Company Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.25%
Australia - 7.63%
ABB Grain, Ltd.	24,114	$	165,457
Adelaide Bank, Ltd. (a)	18,448		230,784
Adelaide Brighton, Ltd. (a)	109,968		384,573
AED Oil, Ltd. * (a)	2,649		20,756
Aevum, Ltd.	12,156		31,641
Alesco Corp., Ltd. (a)	18,175		208,859
Allegiance Mining NL * (a)	100,467		66,711
Amadeus Energy, Ltd. * (a)	46,414		34,518
Amalgamated Holdings, Ltd. (a)	8,116		47,281
Ansell, Ltd.	23,799		263,380
APA Group (a)	70,922		234,838
Aquila Resources, Ltd. * (a)	15,222		70,349
ARB Corp., Ltd.	16,596		60,977
ARC Energy, Ltd. *	36,597		46,658
Arrow Energy NL * (a)	50,000		110,669
Ausdrill, Ltd.	40,234		83,353
Austal, Ltd.	38,731		116,245
Austar United Communications, Ltd. *	94,934		142,885
Austereo Group, Ltd. (a)	66,947		148,179
Australian Agricultural Company, Ltd. (a)	56,610		144,345
Australian Infrastructure Fund (a)	61,293		171,480
Australian Worldwide Exploration, Ltd. *	75,123		229,460
AVJennings, Ltd. *	46,839		52,665
Babcock & Brown Environmental
Investments, Ltd. *	19,027		8,002
Bank of Queensland, Ltd. (a)	16,419		249,738
Beach Petroleum, Ltd. (a)	119,346		157,438
Bendigo Mining, Ltd. * (a)	69,546		18,472
Biota Holdings, Ltd. *	24,576		36,228
Blackmores, Ltd. (a)	1,071		20,583
Bolnisi Gold NL * (a)	54,549		139,089
Boom Logistics, Ltd. (a)	25,797		68,975
Bradken, Ltd.	11,400		107,188
Brickworks, Ltd.	600		7,384
Cabcharge Australia, Ltd.	18,829		167,036
Campbell Brothers, Ltd.	10,341		269,169
Candle Australia, Ltd.	16,597		48,195
Cardno, Ltd.	2,312		16,273
CBH Resources, Ltd. * (a)	158,056		74,165
Cellestis, Ltd. *	15,855		41,831
Centamin Egypt, Ltd. *	19,601		22,907

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Chandler Macleod, Ltd. (a)	22,213	$	16,716
Citigold Corp., Ltd. * (a)	163,943		62,413
City Pacific, Ltd. (a)	14,564		55,058
Clinuvel Pharmaceuticals, Ltd. *	69,980		27,571
Coates Hire, Ltd. (a)	23,369		125,173
Commander Communications, Ltd. (a)	51,265		27,006
Compass Resources NL * (a)	15,577		54,337
ConnectEast Group * (a)	186,346		270,569
Consolidated Rutile, Ltd.	71,020		37,412
Corporate Express Australia, Ltd. (a)	17,731		110,829
Count Financial, Ltd. (a)	25,369		62,440
Crane Group, Ltd.	16,376		247,494
David Jones, Ltd. (a)	96,381		435,188
Devine, Ltd.	28,210		33,467
Downer EDI, Ltd. (a)	22,912		126,986
Duet Group	65,333		195,508
Eastern Star Gas, Ltd. *	75,775		34,215
Emitch, Ltd.	52,110		55,363
Energy Developments, Ltd. (a)	25,951		72,603
Energy World Corp., Ltd. *	59,284		48,026
Envestra, Ltd.	191,444		181,360
Equigold NL (a)	27,470		63,233
ERG, Ltd. * (a)	153,745		19,057
Felix Resources, Ltd.	11,202		56,928
FKP Property Group, Ltd. (a)	37,616		230,457
Fleetwood Corp., Ltd.	8,292		70,844
Flight Centre, Ltd.	5,565		106,915
Forest Enterprises Australia, Ltd.	103,275		53,032
Funtastic, Ltd.	29,541		37,270
Futuris Corp., Ltd.	114,983		216,834
Geodynamics, Ltd. *	40,992		59,519
Gindalbie Metals, Ltd. * (a)	113,603		170,480
GrainCorp., Ltd.	3,953		34,298
Grange Resources Corp., Ltd. *	7,033		17,559
GRD, Ltd.	27,036		57,447
Great Southern Plantations, Ltd. (a)	45,508		93,474
GUD Holdings, Ltd.	13,446		123,211
Gunns, Ltd.	111,172		274,609
GWA International, Ltd. (a)	40,169		139,054
Hastie Group, Ltd.	13,800		51,924
Healthscope, Ltd. (a)	27,410		139,780
Herald Resources, Ltd. *	37,212		41,182
Heron Resources, Ltd. *	57,417		59,476
Hills Industries, Ltd. (a)	40,205		208,231
Home Building Society, Ltd.	3,294		47,682
Housewares International, Ltd. *	26,318		56,854
HPAL, Ltd. (a)	9,400		20,972
IBA Health, Ltd. (a)	86,371		71,498
IBT Education, Ltd.	26,000		45,923
Iluka Resources, Ltd. (a)	16,883		82,509
Independence Group NL (a)	20,656		119,785
Indophil Resources NL *	85,202		76,188

The accompanying notes are an integral part of the financial statements. 

193

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Infomedia, Ltd.	86,555	$	45,596
Invocare, Ltd. (a)	25,259		146,925
IOOF Holdings, Ltd. (a)	13,914		121,956
Iress Market Technology, Ltd. (a)	19,452		134,330
IWL, Ltd. (a)	11,971		67,619
JB Hi-Fi, Ltd.	21,677		276,553
Jubilee Mines NL (a)	15,147		232,804
Just Group, Ltd.	47,100		216,840
Kagara Zinc, Ltd.	9,345		51,296
Kingsgate Consolidated, Ltd. *	11,718		55,711
MacArthur Coal, Ltd. (a)	23,956		144,224
Macmahon Holdings, Ltd.	76,802		113,554
Macquarie Media Group, Ltd.	17,784		69,436
McGuigan Simeon Wines, Ltd. *	16,663		24,932
McPherson's, Ltd.	12,170		37,927
Metabolic Pharmaceuticals, Ltd. *	61,498		3,212
MFS Living & Leisure Group (a)	26,000		19,796
Mincor Resources NL (a)	57,399		215,977
Mineral Deposits, Ltd. * (a)	39,608		51,724
Monadelphous Group, Ltd. (a)	9,154		117,515
Mortgage Choice, Ltd. (a)	20,900		47,185
Mount Gibson Iron, Ltd. *	64,184		135,244
Murchison Metals, Ltd. *	10,553		47,276
MYOB, Ltd.	26,268		29,768
National Hire Group, Ltd.	32,653		54,783
New Hope Corp., Ltd. (a)	61,975		131,687
Nexus Energy, Ltd. *	27,809		36,069
Oakton, Ltd.	15,761		94,748
Pacific Brands, Ltd.	53,574		147,038
Pan Australian Resources, Ltd. * (a)	123,891		91,040
PaperlinX, Ltd. (a)	100,321		270,010
Peet & Company, Ltd. (a)	16,000		53,829
Peptech, Ltd. * (a)	37,842		41,377
Perilya, Ltd. (a)	44,573		157,456
Perseverance Corp., Ltd. * (a)	132,299		18,741
Petsec Energy, Ltd. * (a)	36,299		47,563
Pharmaxis, Ltd. * (a)	25,612		91,836
Photon Group, Ltd.	2,175		11,939
PMP, Ltd. (a)	46,636		62,347
Port Bouvard, Ltd. (a)	24,303		38,084
Primary Health Care, Ltd. (a)	18,987		204,750
Primelife Corp., Ltd. *	34,348		31,322
Programmed Maintenance Services, Ltd.	13,573		64,891
RCR Tomlinson, Ltd. (a)	26,425		60,594
Redflex Holdings, Ltd. *	8,100		20,797
Resolute Mining, Ltd. *	32,190		56,429
Resource Pacific Holdings, Ltd. *	22,287		48,540
Ridley Corp., Ltd. (a)	37,460		38,803
Riversdale Mining, Ltd. * (a)	12,525		55,223
Roc Oil Company, Ltd. * (a)	62,957		185,611
Rubicon Resources, Ltd. *	7,980		1,024
SAI Global, Ltd. (a)	16,847		48,774

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Sally Malay Mining, Ltd. (a)	47,417	$	204,446
Select Harvests, Ltd.	8,203		52,799
ServCorp, Ltd.	14,294		64,162
Silex Systems, Ltd. * (a)	13,874		94,582
Sino Gold, Ltd. * (a)	12,685		84,455
Sino Strategic International, Ltd. *	11,948		12,694
Skilled Group, Ltd.	12,989		62,099
SMS Management & Technology, Ltd. (a)	17,762		110,079
Southern Cross Broadcasting Australia, Ltd. (a)	3,175		48,180
SP Telemedia, Ltd.	65,209		25,691
Specialty Fashion Group, Ltd.	51,249		73,051
Spotless Group, Ltd. (a)	34,816		133,778
St. Barbara, Ltd. * (a)	100,515		53,395
Straits Resources, Ltd. (a)	31,496		129,665
STW Communications Group, Ltd.	36,346		83,665
Sunland Group, Ltd.	71,238		255,436
Tassal Group, Ltd.	26,057		78,436
Ten Network Holdings, Ltd. (a)	71,632		172,501
Thakral Holdings Group	138,389		131,099
Timbercorp, Ltd. (a)	39,129		65,475
Transfield Services, Ltd. (a)	33,192		389,078
Troy Resources NL	9,700		27,911
UXC, Ltd.	12,714		27,015
Village Roadshow Company, Ltd. *	16,056		43,925
Vision Group Holdings, Ltd.	14,184		43,450
Wattyl, Ltd. (a)	13,026		37,480
Western Areas NL * (a)	30,734		138,229
WHK Group, Ltd. (a)	27,291		48,324
			16,908,500
Austria - 0.75%
Agrana Beteiligungs AG (a)	412		41,848
Andritz AG	4,336		298,691
Austrian Airlines AG *	4,748		47,930
BetandWin.com Interactive
Entertainment AG * (a)	2,806		66,626
BWT AG	1,062		64,641
Constantia Packaging AG (a)	1,282		87,856
Flughafen Wien AG	1,165		119,989
Intercell AG *	5,516		198,184
Lenzing AG	234		129,973
Mayr-Melnhof Karton AG	910		100,272
Palfinger AG (a)	3,704		161,940
RHI AG *	4,496		206,347
Schoeller-Bleckmann Oilfield Equipment AG	1,106		93,879
Wolford AG	866		42,110
			1,660,286
Belgium - 1.30%
Ackermans & Van Haaren NV	1,718		174,650
Banque Nationale de Belgique	28		134,758
Barco NV	2,370		203,561
Bekaert SA	2,800		374,257

The accompanying notes are an integral part of the financial statements. 

194

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Belgium (continued)
CFE (CIE Francois D'enter)	43	$	87,729
Compagnie Maritime Belge SA	1,318		97,444
Deceuninck NV (a)	2,341		59,080
Duvel Moortgat SA	903		55,194
Elia System Operator SA/NV (a)	1,897		76,599
Euronav NV	4,100		128,538
Exmar NV	1,782		54,473
Icos Vision Systems NV * (a)	912		43,828
Ion Beam Applications SA *	2,557		72,493
Kinepolis Group NV	908		59,399
Melexis NV (a)	5,118		94,089
Nord-Sumatra Investissements SA	48		36,478
Omega Pharma SA	3,831		334,985
Option NV * (a)	4,632		58,548
Roularta Media Group NV	1,549		129,653
SA D'Ieteren Trading NV	641		285,251
Tessenderlo Chemie NV	4,697		271,402
Van De Velde NV	967		49,839
			2,882,248
Bermuda - 0.37%
Cafe de Coral Holdings, Ltd.	56,000		104,947
China Oriental Group Company, Ltd.	561,807		325,402
Giordano International, Ltd.	200,000		96,535
Smartone Telecommunications Holdings, Ltd.	48,000		59,496
South China Morning Post, Ltd. (a)	132,000		44,174
Texwinca Holdings, Ltd.	218,000		180,983
			811,537
Canada - 11.34%
Aastra Technologies, Ltd. *	4,600		156,035
Aber Diamond Corp.	8,400		328,697
Abitibi-Consolidated, Inc. *	29,800		52,651
Absolute Software Corp. *	2,700		78,061
Aecon Group, Inc. *	2,900		44,833
AEterna Zentaris, Inc. *	7,500		19,575
Akita Drilling, Ltd.	200		2,973
Alberta Clipper Energy, Inc. *	7,700		20,484
Allen-Vanguard Corp. *	5,500		52,452
Altius Minerals Corp. *	1,700		39,080
Amerigo Resources, Ltd.	13,600		35,087
Anderson Energy, Ltd. *	3,100		11,639
Angiotech Pharmaceuticals, Inc. *	9,100		56,638
Antrim Energy, Inc. *	17,800		108,285
Anvil Mining, Ltd. *	7,300		126,778
Aquiline Resources, Inc. *	3,900		39,934
Arawak Energy Corp. *	13,900		34,884
Aspreva Pharmaceuticals Corp. *	1,900		38,986
Astral Media, Inc.	6,600		290,462
Atrium Innovations, Inc. *	1,559		36,731
ATS Automation Tooling Systems, Inc. *	6,880		47,932
Augusta Resource Corp. *	4,900		13,084
Aurelian Resources, Inc. *	18,400		137,056

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Aurizon Mines, Ltd. *	10,200	$	41,572
Aurora Energy Resources, Inc. *	5,700		77,820
Axcan Pharma, Inc. *	6,900		142,343
Axia NetMedia Corp. *	6,400		25,956
Baffinland Iron Mines Corp. *	3,800		14,877
Baja Mining Corp. *	35,600		72,190
Ballard Power Systems, Inc. *	24,100		118,546
Bioteq Environmental Tech, Inc. *	11,500		44,446
Birch Mountain Resources, Ltd. *	9,200		13,946
Birchcliff Energy, Ltd. *	6,500		30,668
Boralex, Inc., Class A *	2,500		41,409
Bow Valley Energy, Ltd. *	7,500		44,120
Breaker Energy, Ltd., Class A *	800		4,658
Breakwater Resources, Ltd. *	63,500		192,511
Calfrac Well Services, Ltd.	3,700		82,383
Calvalley Petroleums, Inc., Class A *	1,023		4,395
Canaccord Capital, Inc.	5,200		99,077
Canada Bread Company, Ltd.	900		55,817
Canadian Hydro Developers, Inc. *	20,200		125,724
Canadian Superior Energy, Inc. *	10,500		29,092
Canadian Western Bank	10,566		302,295
Canam Group, Inc., Class A	9,500		132,560
Canfor Corp. *	9,300		103,162
Cangene Corp. *	3,500		27,230
CanWest Global Communications Corp. *	13,650		98,660
Capstone Mining Corp. *	21,500		64,533
Cardiome Pharma Corp. *	8,800		82,598
Carpathian Gold, Inc. *	24,200		20,649
Cascades, Inc.	20,150		201,267
Catalyst Paper Corp. *	48,200		91,450
CCL Industries, Inc., Class B	3,900		175,239
Celtic Exploration, Ltd. *	2,800		37,890
Certicom Corp. *	7,300		16,782
Chariot Resources, Ltd. *	37,000		42,714
CHC Helicopter Corp., Class A	3,000		75,440
Churchill (The), Corp. *	2,100		35,311
Clarke, Inc.	2,600		24,404
Coalcorp Mining, Inc. *	8,385		27,357
Cogeco Cable, Inc.	2,200		97,174
Com Dev International, Ltd. *	8,800		44,965
Compton Petroleum Corp. *	13,300		124,168
Connacher Oil & Gas, Ltd. *	18,100		72,862
Constellation Copper Corp. *	18,000		11,745
Constellation Software, Inc.	1,600		39,255
Corby Distilleries, Ltd. *	2,100		53,356
Corridor Resources, Inc. *	10,700		102,580
Corus Entertainment, Inc., Class B	5,800		274,178
Cott Corp. *	8,800		69,789
Crystallex International Corp. *	33,500		104,251
Cyries Energy, Inc. *	7,800		57,943
Dalsa Corp. *	1,600		16,255
Denison Mines Corp. *	27,128		303,646

The accompanying notes are an integral part of the financial statements. 

195

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Descartes Systems Group, Inc. *	3,400	$	16,042
Dorel Industries, Inc., Class B	5,300		159,615
Draxis Health, Inc. *	7,000		36,400
Dundee Corp., Class A *	8,250		182,036
Dundee Wealth Management, Inc.	14,558		259,111
Duvernay Oil Corp. *	5,100		162,448
Eastern Platinum, Ltd. *	75,610		171,539
Eldorado Gold Corp. *	6,837		42,141
Emera, Inc. *	3,800		76,866
Emergis, Inc. *	22,800		159,759
Endeavour Silver Corp. *	7,800		25,761
Enghouse Systems, Ltd.	600		4,638
Entree Gold, Inc. *	7,000		17,568
Equinox Minerals, Ltd. *	80,700		338,630
Equitable Group, Inc.	1,200		34,935
European Goldfields, Ltd. *	28,400		167,067
Evertz Technologies, Ltd. *	5,600		190,012
Exco Technologies, Ltd.	1,400		7,027
Exfo Electro Optical Engineering, Inc. *	5,300		35,594
Farallon Resources, Ltd. *	48,500		30,673
First Calgary Petroleums, Ltd. *	30,400		147,399
First Nickel, Inc. *	30,500		26,638
Flint Energy Services, Ltd. *	4,800		128,848
FNX Mining Company, Inc. *	11,043		365,938
Forsys Metals Corp. *	5,300		18,196
Forzani Group, Ltd., Class A *	9,822		209,031
Fronteer Development Group, Inc. *	8,300		86,237
Frontera Copper Corp. *	5,700		37,594
Galleon Energy, Inc., Class A *	11,400		175,323
Garda World Security Corp., Class A *	3,700		68,715
Gennum Corp.	3,042		30,843
Gentry Resources, Ltd. *	6,484		17,379
Glacier Ventures International Corp. *	11,300		47,076
Gluskin Sheff & Associates, Inc.	1,400		42,865
Gold Eagle Mines, Ltd. *	10,000		64,047
Golden Star Resources, Ltd. *	27,600		113,597
Great Basin Gold, Ltd. *	23,700		71,613
Great Canadian Gaming Corp. *	9,200		113,136
Greystar Resources, Ltd. *	1,600		11,083
Guyana Goldfields, Inc. *	3,100		30,809
Hanfeng Evergreen, Inc. *	6,300		93,347
Heritage Oil Corp. *	2,100		100,136
Heroux-Devtek, Inc. *	6,500		64,403
High River Gold Mines, Ltd. *	36,700		111,262
Highpine Oil & Gas, Ltd. *	8,458		86,605
Home Capital Group, Inc.	4,000		138,533
Husky Injection Molding Systems, Ltd.	15,800		127,047
Hydrogenics Corp. *	18,000		25,117
Imaging Dynamics Company, Ltd. *	12,600		20,744
Imperial Metals Corp. *	1,400		20,744
Indigo Books & Music, Inc. *	1,900		31,185
Innova Exploration, Ltd. *	4,200		31,622

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Intermap Technologies Corp., Class A *	4,400	$	27,385
International Forest Products, Ltd., Class A *	6,800		48,603
International Royalty Corp.	10,400		70,512
Intertape Polymer Group, Inc. *	8,100		27,403
Iteration Energy, Ltd. *	10,373		52,065
Ivanhoe Energy, Inc. *	25,300		48,510
Jinshan Gold Mines, Inc. *	5,100		11,519
Kaboose, Inc. *	10,800		27,430
Kereco Energy, Ltd. *	5,300		20,431
Kingsway Financial Services, Inc.	11,743		217,024
Kirkland Lake Gold, Inc. *	6,300		75,892
Labopharm, Inc. *	13,500		22,361
Laramide Resources, Ltd. *	2,800		21,784
Laurentian Bank of Canada	7,100		303,985
Le Chateau, Inc.	2,600		36,280
Leon's Furniture, Ltd.	11,956		153,988
Linamar Corp.	35,408		908,171
MacDonald Dettwiler & Associates, Ltd. *	4,600		210,571
Magellan Aerospace Corp. *	2,900		6,958
Mahalo Energy, Ltd. *	12,900		39,109
Major Drilling Group International Company,
Inc. *	4,200		223,798
Maple Leaf Foods, Inc.	12,300		184,349
March Networks Corp. *	3,100		44,532
Martinrea International, Inc. *	8,593		147,508
Maxim Power Corp. *	1,400		10,105
MDC Partners, Inc. *	3,100		33,889
MDS, Inc.	18,700		403,416
Mega Brands, Inc. *	4,900		83,032
Mega Uranium, Ltd. *	5,500		26,060
Miramar Mining Corp. *	27,200		128,334
Mosaid Technologies, Inc.	1,000		19,525
Neo Material Technologies, Inc. *	8,700		46,725
Neurochemical Company, Inc. *	2,400		6,626
Norbord, Inc.	13,800		110,827
North American Palladium, Ltd. *	4,900		37,187
Northbridge Financial Corp.	5,600		196,195
Northern Orion Resources, Inc. *	42,098		264,129
Northern Peru Copper Corp. *	3,400		35,599
Northgate Minerals Corp. *	37,300		104,844
NuVista Energy, Ltd. *	6,900		95,242
Open Text Corp. *	8,000		208,483
Pacific Stratus Energy, Ltd. *	5,000		54,510
Pan American Silver Corp. *	8,900		258,293
Paramount Resources, Ltd. *	4,000		74,567
Pason Systems, Inc.	7,700		115,019
Patheon, Inc. *	20,772		64,642
Peerless Energy, Inc., Class A *	12,385		40,904
Petaquilla Minerals Company, Ltd. *	6,500		21,533
Petrobank Energy & Resources, Ltd. *	9,300		355,793
Petrolifera Petroleum, Ltd. *	3,100		47,302
Platinum Group Metals, Ltd. *	5,000		20,077

The accompanying notes are an integral part of the financial statements. 

196

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Points International, Ltd. *	26,300	$	47,523
Polaris Minerals Corp. *	1,800		25,297
Polymet Mining Corp. *	7,100		26,870
ProEx Energy, Ltd. *	6,100		86,587
Q9 Networks, Inc. *	3,000		47,553
QLT, Inc. *	27,400		153,758
Quadra Mining, Ltd. *	6,100		112,980
Quebecor World, Inc. *	15,400		148,875
Quebecor, Inc.	4,809		181,131
Quest Capital Corp.	39,200		99,953
Rally Energy Corp. *	19,600		143,633
Reitman's Canada, Ltd., Class A	6,900		132,369
Resin Systems, Inc. *	11,200		17,090
Richelieu Hardware, Ltd.	1,800		44,379
Ritchie Bros. Auctioneers, Inc.	3,700		241,281
RONA, Inc. *	17,200		376,064
Rothmans, Inc.	8,700		201,310
Rubicon Minerals Corp. *	16,700		29,506
Russel Metals, Inc.	9,300		287,080
Saskatchewan Wheat Pool, Inc. *	30,300		352,838
Savanna Energy Services Corp.	10,000		170,657
Saxon Energy Services, Inc. *	8,400		42,162
Scorpio Mining Corp. *	17,400		26,201
Semafo, Inc. *	11,600		18,748
ShawCor, Ltd., Class A	3,200		115,003
Shore Gold, Inc. *	30,900		93,679
Sierra Wireless, Inc. *	7,000		145,811
Silver Standard Resources, Inc. *	7,600		280,151
Silvercorp Metals, Inc.	8,100		168,562
Sino-Forest Corp. *	33,200		749,221
Skye Resources, Inc. *	5,500		64,047
Softchoice Corp.	2,800		46,603
Stantec, Inc. *	6,800		222,332
Stelco, Inc. *	600		22,948
Stella-Jones, Inc.	400		18,170
Storm Exploration, Inc. *	1,400		12,297
Stornoway Diamond Corp. *	43,700		31,586
Stratos Global Corp. *	6,300		43,006
SunOpta, Inc. *	10,300		148,790
Suramina Resources, Inc. *	5,200		7,099
SXC Health Solutions Corp. *	3,400		53,996
Synenco Energy, Inc. *	5,300		59,749
Tahera Diamond Corp. *	20,000		7,027
Tanzanian Royalty Exploration Corp. *	18,000		105,165
Taseko Mines, Ltd. *	16,000		83,522
Teal Exploration & Mining, Inc. *	600		3,072
Teck Cominco, Ltd.	1,245		59,016
Tembec, Inc. *	19,600		13,183
Tesco Corp. *	8,000		214,666
Theratechnologies, Inc. *	3,800		41,427
Thompson Creek Metals Company, Inc. *	16,000		352,557
Timminco, Ltd. *	7,200		106,249

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
TLC Vision Corp. *	12,400	$	39,460
Toromont Industries, Ltd.	10,500		273,423
Torstar Corp., Class B	7,400		147,086
Transat A.T., Inc., Class A	4,200		151,363
Transcontinental, Inc., Class A	8,500		185,675
Transglobe Energy Corp. *	5,900		29,792
Trican Well Service, Ltd.	9,900		201,250
Tristar Oil & Gas, Ltd. *	6,500		55,594
Uex Corp. *	24,200		147,462
Uni-Select, Inc.	1,730		53,073
Uranium Participation Corp. *	7,000		80,319
Ur-Energy, Inc. *	8,500		26,025
UTS Energy Corp. *	57,700		319,735
Verenex Energy, Inc. *	2,400		26,020
Vero Energy, Inc. *	1,800		10,264
Vitran Corp., Inc. *	600		9,950
Wesdome Gold Mines, Ltd. *	15,100		25,769
West Energy, Ltd. *	5,200		18,636
West Fraser Timber Company, Ltd.	5,600		211,655
Western Canadian Coal Corp. *	12,500		25,850
Western Financial Group, Inc.	3,500		19,605
Westport Innovations, Inc. *	10,000		24,494
Wi-LAN, Inc. *	7,300		21,105
Winpak, Ltd.	800		6,023
Xantrex Technology, Inc. *	4,700		51,994
Xceed Mortgage Corp.	1,800		4,933
Xtreme Coil Drilling Corp. *	1,300		13,363
YM Biosciences, Inc. *	11,000		16,895
Yukon-Nevada Gold Corp. *	1,050		1,887
Zarlink Semiconductor, Inc. *	36,500		50,565
ZCL Composites, Inc.	4,500		51,634
			25,117,273
China - 0.01%
Solomon Systech International, Ltd.	204,000		18,380
Denmark - 1.26%
Alm. Brand Skadesforsikring A/S * (a)	2,600		162,694
Amagerbanken A/S	2,125		121,620
Bang & Olufsen A/S, Series B *	2,200		247,627
Capinordic A/S * (a)	7,100		31,831
Det Ostasiatiske Kompagni A/S	3,600		268,193
DFDS A/S	600		89,741
EDB Gruppen A/S, Series B *	800		25,945
Fionia Bank A/S (a)	170		57,404
Fluegger A/S, Series B	250		31,478
Forstaedernes Bank A/S	3,900		166,662
IC Companys A/S (a)	1,800		123,279
Lan & Spar Bank A/S	300		25,011
NeuroSearch A/S *	3,600		266,476
Parken Sport & Entertainment A/S *	450		121,820
Ringkjoebing Bank A/S * (a)	100		13,927
Ringkjoebing Landbobank A/S	270		46,359

The accompanying notes are an integral part of the financial statements. 

197

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Denmark (continued)
Roskilde Bank A/S	473	$	38,576
Royal Unibrew A/S	900		116,755
Schouw & Company A/S, Series B	1,700		161,835
SimCorp A/S (a)	950		213,316
Sjaelso Gruppen A/S (a)	1,500		53,370
Spar Nord Bank A/S	7,125		164,473
Sparbank Vest A/S	670		50,489
TK Development A/S * (a)	7,000		132,875
Vestjysk Bank A/S	1,015		61,189
			2,792,945
Finland - 2.48%
Alma Media Corp.	10,800		180,580
Amer Sports Oyj, Series A (a)	22,292		515,040
BasWare Oyj (a)	2,400		44,190
Cramo Oyj, Series B (a)	2,350		83,765
Finnair Oyj	400		6,654
Finnlines Oyj	3,300		68,502
Fiskars Oyj Abp, Series A	3,428		65,213
F-Secure Oyj	12,250		41,975
HK Ruokatalo Oyj, Series A	1,737		36,230
Huhtamaki Oyj (a)	20,236		306,992
KCI Konecranes Oyj	34,538		1,385,284
Kemira Oyj (a)	13,900		323,718
Lemminkainen Oyj	2,400		170,445
M-real Oyj, Series B	14,800		82,487
Nokian Renkaat Oyj (a)	18,660		728,535
OKO Bank, Series A	2,500		51,540
Olvi Oyj, Series A	1,500		55,557
Orion Oyj, Series B	7,000		177,355
PKC Group Oyj	2,600		39,370
Poyry Oyj	6,000		149,971
Raisio PLC	15,004		41,385
Ramirent Oyj (a)	8,400		181,416
Stockmann Oyj Abp, Series B (a)	4,700		226,068
Teleste Oyj (a)	2,450		30,306
Uponor Oyj (a)	11,500		355,955
Vacon Oyj	1,450		72,259
Vaisala Oyj, Series A	1,350		77,449
			5,498,241
France - 4.98%
Alten SA *	4,110		153,102
Altran Technologies SA *	15,624		110,849
April Group SA (a)	3,596		221,128
Archos SA *	918		26,953
Assystem SA (a)	4,374		68,346
Audika SA	1,685		77,622
Bacou Dalloz SA	1,252		155,722
Beneteau SA	11,245		317,684
Bonduelle SCA	1,293		173,911
Bongrain SA	1,775		218,300
Bourbon SA (a)	3,442		224,040

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Bull SA *	11,037	$	77,520
Business Objects, SADR *	7,700		345,499
Canal Plus SA (a)	17,822		197,900
Carbone Lorraine SA	3,353		259,579
Cegedim SA	323		38,250
Cegid SA	888		52,901
Clarins SA (a)	543		41,590
Club Mediterranee SA *	2,241		144,974
Compagnie Plastic Omnium SA	1,821		100,327
Delachaux SA	1,122		105,574
Electricite de Strasbourg SA	598		131,353
Esso SAF (a)	209		67,454
Etam Developpement SA (a)	1,766		99,934
Faurecia SA *	537		41,802
Gaumont SA	468		39,931
Geodis SA	1,235		261,422
GFI Informatique SA	11,081		112,805
GL Events SA (a)	3,057		208,629
Groupe Crit SA	1,865		88,565
Groupe Open SA *	2,445		40,742
Groupe Steria SCA	2,310		116,562
Guerbet SA	538		119,421
Guyenne & Gascogne SA	647		113,148
Havas SA (a)	28,121		165,527
Ingenico SA (a)	4,489		129,947
International Metal Service SA	1,512		63,203
Ipsos SA	3,732		138,703
Lafuma SA	374		28,156
Laurent-Perrier SA	1,029		168,249
Lectra SA	4,540		39,053
Lisi SA	594		69,253
LVL Medical Groupe SA *	1,337		38,969
Maisons France Confort SA	1,467		127,024
Manitou BF SA	3,265		176,403
Manutan SA	1,190		98,979
Mr. Bricolage SA	1,756		55,976
Nexity SA (a)	1,600		98,343
Norbert Dentressangle SA	972		103,926
Orpea SA *	3,896		231,378
Penauille Polyservices SA * (a)	26,481		225,151
Petit Forestier SA (a)	643		86,851
Pierre & Vacances SA	1,373		189,962
Pinguely-Haulotte SA	4,594		172,765
Radiall SA	349		48,425
Rallye SA (a)	4,064		288,910
Remy Cointreau SA (a)	1,693		122,292
Robertet SA	257		47,868
Rubis SA	1,804		169,285
Saft Groupe SA *	1,521		67,472
Samse SA	120		18,171
SCOR SE (a)	7,560		201,970
SEB SA (a)	1,735		321,920

The accompanying notes are an integral part of the financial statements. 

198

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Sechilienne-Sidec SA	1,302	$	102,741
Silicon-On-Insulator Technologies SA *	9,950		186,173
Societe BIC SA (a)	1,714		146,510
Societe des Bains de Mer & du Cercle des
Etrangers a Monaco *	42		42,279
Somfy SA	279		87,270
Sopra Group SA	1,899		161,730
Spir Communication SA (a)	492		52,653
SR Teleperformance SA	7,404		287,703
Stallergenes SA	2,288		191,932
Sucriere de Pithiviers-Le-Vieil SA	56		47,374
Theolia SA *	6,555		174,282
Toupargel-Agrigel SA (a)	862		32,968
Trigano SA (a)	2,742		123,585
UbiSoft Entertainment SA *	5,864		399,363
Union Financiere de France Banque SA	1,436		78,606
Valeo SA (a)	2,838		157,448
Viel & Compagnie	6,946		51,453
Vilmorin & Compagnie	676		91,789
Virbac SA	1,341		118,383
VM Materiaux SA (a)	260		29,684
Zodiac SA	2,968		212,008
			11,023,604
Germany - 5.30%
Aareal Bank AG	5,748		281,951
Adlink Internet Media AG * (a)	2,787		60,429
ADVA AG Optical Networking * (a)	4,236		36,438
Aixtron AG * (a)	9,269		90,010
AWD Holding AG (a)	5,196		173,093
Baader Wertpapierhandelsbank AG	7,224		45,706
Balda AG * (a)	8,571		82,257
Bechtle AG	3,618		156,688
Bilfinger Berger AG (a)	6,257		487,601
Biotest AG	1,095		57,059
Boewe Systec AG (a)	415		19,879
Comdirect Bank AG (a)	13,892		172,629
Conergy AG (a)	3,100		293,545
CTS Eventim AG (a)	4,424		174,486
Curanum AG (a)	4,385		43,642
DAB Bank AG (a)	4,866		43,310
Deutz AG * (a)	12,688		160,374
Douglas Holding AG	6,772		421,821
Drillisch AG *	6,982		77,431
Duerr AG *	3,024		128,384
DVB Bank AG	111		42,927
Epcos AG	12,094		236,435
Escada AG * (a)	2,952		108,580
Evotec AG * (a)	8,820		37,370
Fielmann AG	888		59,050
Freenet AG *	10,573		287,876
Fuchs Petrolub AG	908		80,480
Gerry Weber International AG	1,916		61,730

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
GFK AG (a)	3,458	$	139,434
GPC Biotech AG * (a)	6,031		73,401
Grenkeleasing AG	2,175		84,423
Hawesko Holding AG (a)	1,452		48,804
Indus Holding AG (a)	1,153		42,623
IWKA AG * (a)	5,877		251,346
Jenoptik AG * (a)	10,554		103,839
Kontron AG	8,043		179,309
Krones AG	3,846		310,159
KWS Saat AG	1,154		222,322
Leoni AG (a)	5,311		323,115
Medion AG *	5,909		110,058
Morphosys AG *	835		51,489
MTU Aero Engines Holding AG	6,361		386,182
MVV Energie AG	7,277		305,116
Nemetschek AG	1,480		49,240
Norddeutsche Affinerie AG (a)	8,123		355,718
Nordex AG *	3,465		170,458
Pfeiffer Vacuum Technology AG	1,555		140,701
Pfleiderer AG	7,375		170,394
Qiagen AG * (a)	24,399		469,709
QSC AG * (a)	15,992		84,583
Rational AG (a)	757		145,215
Renk AG	935		86,277
REpower Systems AG * (a)	1,685		268,322
Rhoen-Klinikum AG	9,308		297,106
Sartorius AG	2,096		116,820
SGL Carbon AG * (a)	12,222		698,565
Singulus Technologies AG *	7,199		88,128
Sixt AG	1,713		85,414
Software AG	4,040		378,190
Stratec Biomedical Systems AG	485		13,895
Takkt AG	8,363		141,497
Techem AG	4,496		300,188
Technotrans AG	1,646		45,916
Utimaco Safeware AG	3,229		37,233
Vivacon AG	761		19,746
Vossloh AG	2,510		270,152
Wincor Nixdorf AG (a)	5,400		445,308
Wire Card AG *	14,643		204,655
WMF Wuerttembergische
Metallwarenfabrik AG	1,601		71,703
Wuerttembergische Lebensversicherung AG *	905		42,449
			11,750,383
Greece - 1.76%
Aspis Bank SA	10,322		47,550
Astir Palace Hotel SA *	5,170		53,366
Athens Medical Center SA	8,110		58,346
Attica Holdings SA	7,640		56,485
Bank of Attica SA *	6,050		37,676
Bank of Greece SA	1,770		230,268
Blue Star Maritime SA	11,110		60,657

The accompanying notes are an integral part of the financial statements. 

199

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Greece (continued)
C. Rokas SA	1,840	$	51,276
Delta Holding SA *	6,336		223,411
Diagnostic & Therapeutic Center of Athens
Hygeia SA *	12,675		97,315
Ethniki General Insurance Company SA *	11,140		87,114
Fourlis SA	6,310		236,311
Frigoglass SA	6,090		209,369
GEK Group of Companies SA	4,760		85,274
Geniki Bank SA *	7,140		59,286
Halcor SA	9,000		55,024
Hellenic Technodomiki Tev SA	24,760		330,211
Heracles General Cement SA	4,800		118,476
Iaso SA	12,190		214,913
Intracom SA	26,470		170,110
J&P-Avax SA	12,630		136,116
Lampsa Hotel SA	3,725		90,035
Metka SA	4,120		102,512
Michaniki SA	11,010		104,256
Minoan Lines Shipping SA	16,950		130,137
Mytilineos Holdings SA	3,880		220,663
Neochimiki LV Lavrentiadis SA	2,640		77,698
S&B Industrial Minerals SA	3,520		65,062
Sarantis SA	3,860		62,016
Terna SA	6,510		126,806
Viohalco SA	18,710		306,986
			3,904,725
Hong Kong - 2.35%
Alco Holdings, Ltd.	86,000		45,605
Allied Group, Ltd.	28,000		124,336
Allied Properties HK, Ltd.	840,000		280,027
Asia Financial Holdings, Ltd.	78,000		46,383
Baltrans Holdings, Ltd.	8,000		5,457
Century City International Holdings, Ltd.	3,496,000		86,396
Champion Technology Holdings, Ltd.	309,436		68,505
Chen Hsong Holdings, Ltd.	56,000		41,301
Chevalier International Holdings, Ltd.	32,000		35,834
Chia Hsin Cement Greater China Holding
Corp. *	234,000		147,883
China Metal International Holdings, Inc.	114,000		39,471
China Seven Star Shopping, Ltd. *	310,000		22,744
China Solar Energy Holdings, Ltd. * (a)	550,000		40,351
Chinese People Gas Holdings Company, Ltd. *	348,000		25,979
Chong Hing Bank, Ltd.	80,000		174,843
Coastal Greenland, Ltd.	200,000		53,802
Dickson Concepts International, Ltd.	39,000		40,660
DVN Holdings Company, Ltd. *	112,000		21,335
EganaGoldpfeil Holdings, Ltd. (a)	103,373		8,782
Emperor Capital Group, Ltd. *	28,400		5,337
Emperor Entertainment Hotel, Ltd.	175,000		39,418
Emperor International Holdings, Ltd.	142,000		45,145
eSun Holdings, Ltd. *	100,000		84,307
Extrawell Pharmaceutical Holdings, Ltd. *	130,000		32,963

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
Far East Consortium International, Ltd. (a)	414,189	$	186,589
Fong's Industries Company, Ltd.	62,000		41,337
Fountain Set Holdings, Ltd.	118,000		43,134
Fubon Bank, Ltd.	68,000		40,261
Fushan International Energy Group, Ltd. *	38,000		16,483
Glorious Sun Enterprises, Ltd. (a)	86,000		41,178
Golden Resorts Group, Ltd.	830,000		71,577
Hi Sun Technology China, Ltd. *	72,000		23,446
HKR International, Ltd.	110,400		86,680
Hon Kwok Land Investment Company, Ltd.	94,000		38,233
Hung Hing Printing Group, Ltd.	50,000		26,129
Hutchison Harbour Ring, Ltd.	494,000		36,243
i-Cable Communications, Ltd.	182,000		37,950
Imagi International Holdings, Ltd. *	170,000		36,760
Integrated Distribution Services Group, Ltd.	13,000		50,282
K Wah International Holdings, Ltd.	511,344		316,577
Kantone Holdings, Ltd.	555,600		62,216
Karl Thomson Holdings, Ltd. *	92,000		30,078
Lai Fung Holdings, Ltd.	666,000		33,860
Lai Sun Development Company, Ltd. *	2,324,000		82,260
Liu Chong Hing Investment, Ltd.	30,000		43,865
Lung Kee Holdings, Ltd.	78,000		42,869
Matsunichi Communication Holdings, Ltd.	45,000		36,780
Midland Holdings, Ltd.	98,000		105,956
Miramar Hotel & Investment Company, Ltd.	11,000		17,840
Next Media, Ltd.	96,000		27,184
Oriental Press Group, Ltd.	208,000		33,198
Pacific Andes International Holdings, Ltd.	285,000		85,472
Pacific Century Premium Developments, Ltd.	160,000		50,043
Paliburg Holdings, Ltd.	920,000		36,709
Peace Mark Holdings, Ltd.	90,000		134,376
Pico Far East Holdings, Ltd.	192,000		66,972
Playmates Holdings, Ltd. (a)	318,000		33,154
Ports Design, Ltd.	55,000		190,784
Prime Success International Group, Ltd.	44,000		35,679
Public Financial Holdings, Ltd.	54,000		36,073
PYI Corp., Ltd.	121,428		49,232
Regal Hotels International Holdings, Ltd.	652,000		50,352
Road King Infrastructure, Ltd.	29,000		61,216
Sa Sa International Holdings, Ltd.	116,000		41,059
SEA Holdings, Ltd. *	32,000		24,919
Shaw Brothers Hong Kong, Ltd.	24,000		43,309
Shell Electric Manufacturing Company, Ltd.	58,000		59,723
Shui On Construction & Materials, Ltd.	16,000		50,661
Singamas Container Holdings, Ltd.	60,000		36,451
Sino Biopharmaceutical, Ltd.	180,000		39,154
Sino-I Technology, Ltd. *	2,960,000		48,386
Skyfame Realty Holdings, Ltd. *	216,000		44,761
Tack Fat Group International, Ltd.	272,000		39,211
TAI Cheung Holdings, Ltd.	81,000		64,952
TCC International Holdings, Ltd. *	26,000		38,084
Tian An China Investment, Ltd.	144,000		176,079

The accompanying notes are an integral part of the financial statements. 

200

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
Titan Petrochemicals Group, Ltd. *	620,000	$	47,881
Truly International Holdings, Ltd.	32,000		86,495
Upbest Group, Ltd.	158,000		18,303
Varitronix International, Ltd.	68,000		53,565
Victory City International Holdings, Ltd. (a)	136,720		42,410
Vitasoy International Holdings, Ltd.	88,000		37,944
Vongroup, Ltd. *	210,000		14,055
VST Holdings Company, Ltd.	176,000		69,093
Wai Kee Holdings, Ltd.	138,000		61,991
Wing On Company International, Ltd.	6,000		11,260
Yanion International Holdings, Ltd. *	188,000		55,897
Yip's Chemical Holdings, Ltd.	84,000		55,357
			5,216,891
Ireland - 1.12%
Abbey PLC	6,064		58,283
DCC PLC - London UK	3,284		97,119
DCC PLC	14,020		412,626
Dragon Oil PLC *	38,971		183,404
FBD Holdings PLC	5,296		165,657
Greencore Group PLC - London UK	17,305		112,687
Greencore Group PLC	25,244		163,667
Iaws Group PLC	20,622		457,104
IFG Group PLC	10,000		27,583
Independent News & Media PLC	27,385		101,623
Irish Continental Group PLC *	6,023		220,510
McInerney Holdings PLC	17,625		32,577
Paddy Power PLC	6,582		230,214
United Drug PLC	45,054		210,110
			2,473,164
Italy - 2.97%
Acea SpA *	7,778		152,832
Acegas-APS SpA (a)	3,244		34,615
Actelios SpA (a)	11,733		119,276
Aedes SpA	7,571		50,862
Amplifon SpA (a)	29,013		229,148
Astaldi SpA	12,792		102,397
Azimut Holding SpA (a)	10,025		153,938
Banca IFIS SpA (a)	2,977		38,729
Banca Intermobiliare SpA (a)	11,595		119,522
Banca Popolare dell'Etruria e del Lazio Scrl	11,594		200,779
Banca Profilo SpA	25,537		72,980
Banco di Desio e della Brianza SpA	16,649		188,189
Biesse SpA	2,824		82,110
Brembo SpA (a)	8,798		116,146
Caltagirone Editore SpA (a)	9,271		64,161
Caltagirone SpA	14,027		146,585
Cementir SpA	21,620		217,942
CIR-Compagnie Industriali Riunite SpA *	36,409		141,710
Credito Artigiano SpA	17,767		100,539
Credito Bergamasco SpA	4,117		199,021
De Longhi SpA	20,127		136,286

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Digital Multimedia Technologies SpA *	2,000	$	130,265
ERG SpA (a)	5,558		121,380
Esprinet SpA (a)	2,798		48,892
Gemina SpA (a)	43,195		151,694
Gewiss SpA	11,538		87,109
Gruppo Editoriale L'Espresso SpA	18,698		91,319
Hera SpA *	30,630		126,076
Immobiliare Lombarda SpA *	226,211		55,223
Immsi SpA	62,334		159,528
Impregilo SpA *	59,632		399,972
Indesit Company SpA (a)	7,188		123,559
Industria Macchine Automatiche SpA	5,726		130,260
Interpump SpA	10,206		100,488
Iride SpA	34,948		128,198
Mariella Burani SpA (a)	1,547		50,655
Marr SpA	13,000		141,306
Meliorbanca SpA (a)	18,050		95,468
Mirato SpA	2,533		28,127
Navigazione Montanari SpA	18,714		89,867
Permasteelisa SpA	4,548		118,657
Piccolo Credito Valtellinese Scrl (a)	13,194		187,217
Premafin Finanziaria SpA	37,390		112,702
Recordati SpA	18,435		173,778
Risanamento SpA * (a)	5,850		44,041
Sabaf SpA	1,000		38,389
SAES Getters SpA	2,698		100,235
Save SpA (a)	1,550		55,866
Societa Cattolica di Assicurazioni SCRL * (a)	2,960		185,807
Societa Partecipazioni Finanziarie SpA *	42,415		30,756
Socotherm SpA (a)	2,568		34,686
Sogefi SpA	12,908		110,666
Sol SpA	7,134		56,802
Sorin SpA *	17,000		35,168
Telecom Italia Media SpA * (a)	181,160		70,446
Tiscali SpA * (a)	31,647		88,507
Trevi Finanziaria SpA	4,846		95,289
Vianini Lavori SpA	2,862		46,389
Vittoria Assicurazioni SpA	3,029		57,192
			6,569,746
Japan - 22.44%
Abilit Corp. (a)	3,100		6,363
Achilles Corp.	24,000		36,737
Aderans Company, Ltd. (a)	6,600		138,050
Aeon Delight Company, Ltd. (a)	1,700		60,619
Aeon Fantasy Company, Ltd. (a)	1,680		28,448
Ahresty Corp.	3,100		57,832
AI Holdings Corp. (a)	5,900		29,967
Aica Kogyo Company, Ltd. (a)	6,000		65,594
Aichi Bank, Ltd. (a)	1,600		137,763
Aichi Corp. (a)	10,900		132,814
Aichi Machine Industry Company, Ltd.	12,000		30,057

The accompanying notes are an integral part of the financial statements. 

201

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Aigan Company, Ltd. (a)	4,800	$	36,528
Aiphone Company, Ltd.	2,600		43,439
Airport Facilities Company, Ltd.	7,000		48,156
Aisan Industry Company, Ltd.	5,900		71,582
Akebono Brake Industry Company, Ltd. (a)	15,000		96,147
Akita Bank, Ltd.	31,000		135,345
Aloka Company, Ltd.	5,000		67,186
Alpha Corp. (a)	1,000		20,525
Alpha Systems, Inc. (a)	1,300		27,361
Alpine Electronics, Inc. (a)	8,100		119,196
Alps Logistics Company, Ltd.	2,000		23,047
Amano Corp. (a)	8,000		96,643
Ando Corp.	14,000		23,865
Anest Iwata Corp. (a)	7,000		36,772
Anritsu Corp. (a)	14,000		58,932
AOC Holdings, Inc. * (a)	5,800		94,632
AOI Electronic Company, Ltd.	1,700		25,061
AOKI Holdings, Inc. (a)	2,900		57,380
Aomori Bank, Ltd.	32,000		118,281
Arakawa Chemical Industries, Ltd.	3,500		39,846
Araya Industrial Company, Ltd.	14,000		38,233
Ariake Japan Company, Ltd. (a)	2,600		53,479
Arisawa Manufacturing Company, Ltd. (a)	5,700		50,169
Aronkasei Company, Ltd.	7,000		31,475
Art Corp.	2,000		58,793
As One Corp. (a)	2,900		70,747
Asahi Diamond Industrial Company, Ltd. (a)	8,000		56,845
Asahi Kogyosha Company, Ltd.	12,000		48,426
Asahi Organic Chemicals
Industry Company, Ltd.	20,000		74,100
Asahi Pretec Corp. (a)	3,000		97,843
Asahi Soft Drinks Company, Ltd. (a)	5,000		75,230
Asahi Tec Corp. * (a)	26,000		27,814
Asanuma Corp.	21,000		33,058
Ashimori Industry Company, Ltd.	12,000		22,334
ASKA Pharmaceutical Company, Ltd.	5,000		39,268
Asunaro Aoki Construction Company, Ltd.	6,000		32,875
Atsugi Company, Ltd. (a)	27,000		35,224
Autobacs Seven Company, Ltd. (a)	1,900		49,326
Avex Group Holdings, Inc. (a)	2,800		36,552
Azel Corp. (a)	14,000		37,867
Bando Chemical Industries, Ltd.	9,000		52,366
Bank of Ikeda, Ltd. (a)	3,500		150,678
Bank of Iwate, Ltd. (a)	2,900		171,508
Bank of Okinawa, Ltd.	3,600		117,412
Bank of Saga, Ltd.	25,000		86,754
Bank of the Ryukyus, Ltd. (a)	5,100		66,578
Belluna Company, Ltd. (a)	4,200		42,592
Best Denki Company, Ltd. (a)	15,000		105,931
Bookoff Corp. (a)	2,000		20,943
BSL Corp. (a)	23,000		12,002
Bunka Shutter Company, Ltd. (a)	7,000		32,571

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
CAC Corp. (a)	3,400	$	18,274
Calpis Company, Ltd.	10,000		113,411
Canon Electronics, Inc. (a)	4,400		112,315
Canon Finetech, Inc. (a)	4,000		68,742
Capcom Company, Ltd. (a)	5,400		124,456
Cawachi, Ltd.	3,300		88,685
Central Finance Company, Ltd.	8,000		19,482
Century Leasing System, Inc.	8,000		88,154
CFS Corp. (a)	6,000		21,447
Chiba Kogyo Bank, Ltd. *	3,600		41,517
Chiyoda Company, Ltd. (a)	4,100		58,872
Chofu Seisakusho Company, Ltd. (a)	5,400		93,929
Chubu Shiryo Company, Ltd.	1,000		10,028
Chudenko Corp. (a)	6,300		113,968
Chuetsu Pulp & Paper Company, Ltd.	15,000		31,440
Chugai Mining Company, Ltd. (a)	34,900		8,802
Chugai Ro Company, Ltd. (a)	9,000		32,797
Chugoku Marine Paints, Ltd. (a)	7,000		90,651
Chukyo Bank, Ltd.	38,000		112,367
Chuo Spring Company, Ltd.	9,000		35,380
CKD Corp.	8,000		74,100
Clarion Company, Ltd. (a)	26,000		33,693
Cleanup Corp. (a)	4,000		27,727
CMK Corp.	8,000		85,580
Coca-Cola Central Japan Company, Ltd.	12		92,155
Colowide Company, Ltd.	5,500		25,591
Commuture Corp. (a)	4,000		29,883
Computer Engineering & Consulting, Ltd.	2,900		28,450
Corona Corp.	5,100		77,888
Cosel Company, Ltd. (a)	5,800		86,158
Cosmo Securities Company, Ltd. (a)	22,000		32,527
Cross Plus, Inc.	1,000		11,393
Culture Convenience Club Company, Ltd. (a)	3,800		13,187
Cybozu, Inc. (a)	50		14,720
D&M Holdings, Inc. (a)	11,000		34,249
D.G. Roland Corp.	3,000		142,199
Dai Nippon Toryo Company, Ltd. (a)	22,000		32,719
Dai-Dan Company, Ltd.	6,000		29,118
Daido Kogyo Company, Ltd.	16,000		47,452
Daidoh, Ltd. (a)	4,000		51,105
Daihen Corp.	21,000		139,355
Daiho Corp. (a)	13,000		19,786
Daiichi Jitsugyo Company, Ltd.	7,000		34,519
Daiken Corp. (a)	11,000		31,379
Daiko Clearing Services Corp. (a)	3,000		20,821
Daikoku Denki Company, Ltd. (a)	1,400		18,873
Daikyo, Inc.	7,144		23,051
Daimei Telecom Engineering Corp.	7,000		81,519
Dainichi Company, Ltd.	3,800		30,504
Dainichiseika Color & Chemicals
Manufacturing Company, Ltd.	16,000		75,004
Daio Paper Corp. (a)	13,000		105,375

The accompanying notes are an integral part of the financial statements. 

202

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Daisan Bank, Ltd. (a)	32,000	$	103,809
Daiseki Company, Ltd. (a)	4,600		128,022
Daiso Company, Ltd. (a)	13,000		50,200
Daisyo Corp. (a)	2,500		33,528
Daito Bank, Ltd.	20,000		23,482
Daiwa Industries, Ltd.	4,000		27,170
Daiwa Seiko, Inc. (a)	17,000		30,605
Daiwabo Company, Ltd. (a)	20,000		39,659
Daiwabo Information System Company, Ltd.	2,500		34,463
DC Company, Ltd. (a)	9,000		50,409
DCM Japan Holdings Company, Ltd. (a)	19,500		147,887
Denki Kogyo Company, Ltd. (a)	8,000		55,244
Denyo Company, Ltd. (a)	3,000		34,284
Descente, Ltd. (a)	9,000		45,164
DIA Kensetsu Company, Ltd. * (a)	15,300		6,919
Doshisha Company, Ltd. (a)	2,200		36,450
Doutor Coffee Company, Ltd. (a)	4,700		85,023
DTS Corp. (a)	4,800		90,381
Dydo Drinco, Inc. (a)	2,300		91,616
Eagle Industry Company, Ltd. (a)	8,000		111,393
Ehime Bank, Ltd.	19,000		64,942
Eighteenth Bank, Ltd. (a)	29,000		116,272
Eiken Chemical Company, Ltd. (a)	4,000		36,424
Eizo Nanao Corp. (a)	2,900		95,338
Eneserve Corp. *	5,000		20,569
Enplas Corp. (a)	4,500		57,845
Epson Toyocom Corp. (a)	12,000		72,117
Espec Corp. (a)	3,000		20,273
Ezaki Glico Company, Ltd. * (a)	5,000		56,184
F&A Aqua Holdings, Inc. (a)	3,800		26,142
Fancl Corp. (a)	7,900		102,787
FDK Corp. * (a)	21,000		29,222
Foster Electric Company, Ltd. (a)	3,000		53,618
FP Corp.	3,200		108,262
France Bed Holdings Company, Ltd. (a)	44,000		63,524
Fudo Construction Company, Ltd. (a)	29,000		34,302
Fuji Company, Ltd. (a)	3,700		62,814
Fuji Corp., Ltd.	6,000		20,351
Fuji Kyuko Company, Ltd. (a)	19,000		88,572
Fuji Oil Company, Ltd. (a)	9,400		69,490
Fuji Software ABC, Inc. (a)	5,600		114,455
Fujibo Holdings, Inc. * (a)	14,000		19,238
Fujicco Company, Ltd. (a)	4,000		43,973
Fujikura Kasei Company, Ltd.	4,000		37,885
Fujikura Rubber, Ltd.	5,000		34,310
Fujita Corp.	4,800		14,611
Fujita Kanko, Inc. (a)	6,000		50,096
Fujitec Company, Ltd.	15,000		98,887
Fujitsu Business Systems, Ltd. (a)	5,600		93,512
Fujitsu Frontech, Ltd.	4,000		35,519
Fujitsu General, Ltd. * (a)	12,000		71,804
Fujiya Company, Ltd. * (a)	19,000		32,884

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Fukuda Corp. (a)	8,000	$	29,292
Fukui Bank, Ltd.	35,000		101,670
Fukushima Bank, Ltd.	22,000		21,238
Fukushima Industries Corp.	3,500		31,232
Fukuyama Transporting Company, Ltd. (a)	34,000		156,723
Funai Consulting Company, Ltd. (a)	5,000		31,484
Furukawa Company, Ltd. (a)	51,000		112,220
Furusato Industries, Ltd. (a)	2,000		26,805
Fuso Pharmaceutical Industries, Ltd.	13,000		35,389
Futaba Corp. (a)	6,500		143,025
Future System Consulting Corp. (a)	39		18,554
Fuyo General Lease Company, Ltd.	3,000		79,318
Gakken Company, Ltd. (a)	13,000		39,459
Gecoss Corp.	5,500		30,375
Gigas K's Denki Corp.	4,000		87,146
GMO Internet, Inc. (a)	3,500		11,445
Godo Steel, Ltd. (a)	12,000		46,130
Goldwin, Inc. *	11,000		17,412
Gourmet Kineya Company, Ltd. (a)	5,000		39,920
GS Yuasa Corp. (a)	53,000		116,159
Gulliver International Company, Ltd. (a)	910		43,054
Gun-Ei Chemical Industry Company, Ltd.	11,000		26,883
Hakuto Company, Ltd.	2,600		37,989
Hanwa Company, Ltd. (a)	36,000		182,223
Happinet Corp.	1,600		19,885
Harashin Narus Holdings Company, Ltd.	3,000		35,145
Harima Chemicals, Inc.	5,000		26,570
Haruyama Trading Company, Ltd. (a)	2,700		22,496
Hazama Corp. (a)	19,600		23,013
Heiwado Company, Ltd. (a)	7,000		111,472
Hibiya Engineering, Ltd. (a)	5,000		43,007
Higashi-Nippon Bank, Ltd. (a)	29,000		109,463
HIS Company, Ltd. (a)	2,400		45,086
Hitachi Information Systems, Ltd. (a)	6,200		132,919
Hitachi Kokusai Electric, Inc. (a)	10,000		124,804
Hitachi Medical Corp.	5,000		50,922
Hitachi Plant Technologies, Ltd. (a)	21,000		119,082
Hitachi Powdered Metals Company, Ltd.	4,000		18,960
Hitachi Software Engineering Company, Ltd. (a)	4,900		93,329
Hitachi Systems & Services, Ltd.	4,000		78,274
Hitachi Tool Engineering, Ltd. (a)	2,500		31,527
Hitachi Transport System, Ltd.	12,000		138,598
Hitachi Zosen Corp. * (a)	91,000		136,919
Hochiki Corp.	7,000		41,033
Hodogaya Chemical Company, Ltd. (a)	8,000		21,221
Hogy Medical Company, Ltd.	1,600		75,283
Hokkaido Gas Company, Ltd.	13,000		33,806
Hokkan Holdings, Ltd.	11,000		40,277
Hokuetsu Bank, Ltd.	40,000		92,886
Hokuetsu Paper Mills, Ltd. (a)	29,000		149,061
Hokuriku Electric Industry Company, Ltd. (a)	12,000		19,308
Hokuto Corp. (a)	2,800		46,074

The accompanying notes are an integral part of the financial statements. 

203

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Hosiden Corp. (a)	9,300	$	138,958
Hosokawa Micron Corp. (a)	5,000		44,747
Howa Machinery, Ltd.	19,000		19,499
I Metal Technology Company, Ltd. *	14,000		39,572
IBJ Leasing Company, Ltd.	5,000		91,320
Ichikoh Industries, Ltd.	12,000		30,892
Ichiyoshi Securities Company, Ltd. (a)	5,000		53,009
ICOM, Inc. (a)	1,600		45,782
IDEC Corp. (a)	3,500		43,834
Ihara Chemical Industry Company, Ltd.	10,000		25,396
Iino Kaiun Kaisha, Ltd. (a)	9,000		127,196
Ikegami Tsushinki Company, Ltd. * (a)	12,000		20,560
Imasen Electric Industrial Company, Ltd.	3,500		57,958
Impress Holdings, Inc.	103		16,035
Inaba Denki Sangyo Company, Ltd. (a)	3,200		116,333
Inaba Seisakusho Company, Ltd.	2,400		37,780
Inabata & Company, Ltd.	12,000		78,274
Inageya Company, Ltd. (a)	5,000		39,616
Ines Corp. (a)	7,800		45,316
Information Services International -
Dentsu, Ltd. (a)	3,900		39,923
Intec, Ltd. (a)	8,000		112,228
Invoice, Inc. (a)	2,077		65,211
Ise Chemical Corp.	3,000		30,397
Iseki & Company, Ltd. (a)	31,000		53,114
Ishihara Sangyo Kaisha, Ltd. * (a)	38,000		53,209
Itochu Enex Company, Ltd. (a)	12,600		85,257
Itochu-Shokuhin Company, Ltd.	1,500		46,051
Itoham Foods, Inc.	32,000		130,249
Itoki Corp. (a)	8,000		53,575
Iwasaki Electric Company, Ltd.	12,000		27,970
Iwatani International Corp. (a)	34,000		99,652
Iwatsu Electric Company, Ltd. * (a)	17,000		20,551
Izumiya Company, Ltd. (a)	15,000		84,015
J Front Retailing Company, Ltd. * (a)	33,000		324,317
J. Bridge Corp. * (a)	7,000		4,262
Jalux, Inc. (a)	2,200		39,511
Jamco Corp. (a)	3,000		26,744
Janome Sewing Machine Company, Ltd. *	19,000		20,821
Japan Airport Terminal Company, Ltd. (a)	10,000		240,477
Japan Cash Machine Company, Ltd. (a)	4,600		39,207
Japan Digital Laboratory Company, Ltd.	3,400		48,643
Japan General Estate Company, Ltd. (a)	2,900		46,761
Japan Pulp & Paper Company, Ltd. (a)	26,000		99,269
Japan Radio Company, Ltd. *	28,000		96,434
Japan Transcity Corp., Ltd. (a)	9,000		44,225
Japan Vilene Company, Ltd.	12,000		68,255
Japan Wool Textile Company, Ltd.	14,000		112,994
JBCC Holdings, Inc.	4,200		30,903
JBIS Holdings, Inc.	8,000		34,441
Jeol, Ltd. (a)	9,000		34,128
JK Holdings Company, Ltd. (a)	5,800		36,420

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
JMS Company, Ltd.	12,000	$	34,754
J-Oil Mills, Inc. (a)	12,000		32,562
Joshin Denki Company, Ltd. (a)	7,000		49,009
Juki Corp.	19,000		180,779
Kabuki-Za Company, Ltd.	1,000		41,833
Kadokawa Holdings, Inc. (a)	3,600		88,763
Kaga Electronics Company, Ltd. (a)	4,900		75,857
Kagawa Bank, Ltd.	16,000		78,901
Kagome Company, Ltd. (a)	8,700		155,114
Kaken Pharmaceutical Company, Ltd.	11,000		79,692
Kameda Seika Company, Ltd. (a)	4,000		53,575
Kamei Corp.	5,000		28,744
Kanaden Corp.	6,000		34,858
Kanagawa Chuo Kotsu Company, Ltd.	8,000		38,059
Kanamoto Company, Ltd.	5,000		53,140
Kanematsu Corp. * (a)	64,000		95,738
Kanematsu Electronics, Ltd.	5,800		44,844
Kanto Auto Works, Ltd.	10,800		145,591
Kanto Denka Kogyo Company, Ltd. (a)	5,000		25,657
Kanto Natural Gas Development, Ltd. (a)	5,000		31,397
Kanto Tsukuba Bank, Ltd. (a)	7,300		48,569
Kasai Kogyo Company, Ltd.	8,000		27,900
Katakura Industries Company, Ltd. (a)	2,000		34,354
Kato Sangyo Company, Ltd.	4,000		52,496
Kato Works Company, Ltd.	10,000		53,748
Katokichi Company, Ltd. (a)	18,800		86,005
Kawai Musical Instruments Manufacturing
Company, Ltd. (a)	20,000		35,484
Kawashima Selkon Textiles Company, Ltd. * (a)	18,000		24,578
Kayaba Industry Company, Ltd. (a)	32,000		153,627
Keihin Company, Ltd. (a)	10,000		18,786
Keiiyu Company, Ltd.	4,400		25,065
Keiyo Company, Ltd. (a)	4,800		25,340
Kentucky Fried Chicken Japan, Ltd.	3,000		56,097
Kenwood Corp. (a)	42,000		59,176
KEY Coffee, Inc. (a)	3,000		43,390
Kibun Food Chemifa Company, Ltd. (a)	3,000		30,475
Kinki Nippon Tourist Company, Ltd. (a)	11,000		21,238
Kinki Sharyo Company, Ltd. (a)	8,000		28,875
Kintetsu World Express, Inc. (a)	2,200		75,196
Kioritz Corp.	10,000		29,135
Kirayaka Holdings Company, Inc.	7,000		11,993
Kishu Paper Company, Ltd. * (a)	18,000		27,396
Kissei Pharmaceutical Company, Ltd. (a)	6,000		108,541
Kitagawa Iron Works Company, Ltd.	13,000		24,535
Kita-Nippon Bank, Ltd.	1,900		78,327
Kitano Construction Corp. (a)	12,000		25,778
Kitz Corp. (a)	15,000		136,198
Kiyo Holdings, Inc.	46,000		66,812
Koa Corp. (a)	8,100		114,829
Koatsu Gas Kogyo Company, Ltd.	6,000		37,780
Kohnan Shoji Company, Ltd. (a)	2,700		34,143

The accompanying notes are an integral part of the financial statements. 

204

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Koike Sanso Kogyo Company, Ltd.	9,000	$	68,099
Kojima Company, Ltd. (a)	3,700		22,397
Kokusai Kogyo Company, Ltd. *	10,000		50,096
Komatsu Seiren Company, Ltd.	9,000		46,417
Komatsu Wall Industry Company, Ltd.	2,100		30,866
Konaka Company, Ltd. (a)	2,800		21,259
Konishi Company, Ltd.	4,000		42,581
Kosaido Company, Ltd.	3,800		26,439
Kosei Securities Company, Ltd. (a)	18,000		25,361
Krosaki Harima Corp. (a)	9,000		31,232
Kumagai Gumi Company, Ltd. (a)	33,000		50,800
Kumiai Chemical Industry Company, Ltd.	15,000		29,614
Kurabo Industries, Ltd. (a)	43,000		106,958
Kureha Corp. (a)	27,000		118,821
Kurimoto, Ltd. (a)	27,000		79,840
Kuroda Electric Company, Ltd.	6,400		96,462
Kyoden Company, Ltd.	6,000		16,229
Kyodo Printing Company, Ltd.	11,000		33,771
Kyodo Shiryo Company, Ltd.	21,000		27,944
Kyokuto Kaihatsu Kogyo Company, Ltd. (a)	4,900		37,204
Kyokuyo Company, Ltd. (a)	15,000		26,483
Kyoritsu Maintenance Company, Ltd. (a)	1,300		23,574
Kyosan Electric Manufacturing Company, Ltd.	11,000		42,094
Kyoto Kimono Yuzen Company, Ltd.	20		17,568
Kyowa Leather Cloth Company, Ltd.	2,000		11,306
Kyudenko Corp.	8,000		45,017
Laox Company, Ltd.	10,000		10,698
Life Corp. (a)	8,000		108,262
Macnica, Inc. (a)	2,100		46,939
Maeda Corp. (a)	28,000		108,123
Maeda Road Construction Company, Ltd.	16,000		139,990
Maezawa Kasei Industries Company, Ltd.	2,000		28,996
Maezawa Kyuso Industries Company, Ltd. (a)	2,400		43,834
Mandom Corp.	2,800		68,429
Mars Engineering Corp. (a)	1,600		29,362
Marubun Corp. (a)	6,100		68,544
Marudai Food Company, Ltd. (a)	30,000		106,975
Maruetsu, Inc. *	14,000		75,735
Maruha Group, Inc.	28,000		45,782
Marusan Securities Company, Ltd. (a)	11,000		101,600
Maruwa Company, Ltd. (a)	1,300		22,104
Maruzen Company, Ltd. * (a)	22,000		30,231
Maruzen Showa Unyu Company, Ltd.	12,000		41,225
Maspro Denkoh Corp. (a)	4,000		32,319
Matsuda Sangyo Company, Ltd. (a)	2,750		93,995
Matsui Construction Company, Ltd. (a)	8,000		34,023
Matsuya Company, Ltd. (a)	5,000		82,188
Matsuya Foods Company, Ltd. (a)	2,000		23,935
Max Company, Ltd. (a)	8,000		118,351
Maxvalu Tokai Company, Ltd.	3,000		44,329
MEC Company, Ltd. (a)	2,400		25,737
Megachips Corp.	2,200		39,129

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Meidensha Corp. (a)	20,000	$	63,837
Meiwa Corp. *	9,000		22,621
Meiwa Estate Company, Ltd. (a)	2,200		26,385
Mercian Corp.	18,200		39,889
Michinoku Bank, Ltd. (a)	29,000		89,537
Mikuni Coca-Cola Bottling Company, Ltd.	10,000		111,672
Mikuni Corp. *	11,000		39,894
Milbon Company, Ltd. (a)	1,200		34,023
Minato Bank, Ltd.	54,000		113,185
Ministop Company, Ltd. (a)	2,300		41,007
Misawa Homes Holdings, Inc. *	4,000		36,632
Mito Securities Company, Ltd.	8,000		30,057
Mitsuba Corp., Ltd.	9,000		59,489
Mitsubishi Cable Industries, Ltd. (a)	20,000		27,135
Mitsubishi Kakoki Kaisha, Ltd.	11,000		44,869
Mitsubishi Paper Mills, Ltd. (a)	52,000		99,496
Mitsubishi Pencil Company, Ltd.	4,000		55,175
Mitsubishi Steel Manufacturing Company, Ltd. (a)	11,000		53,670
Mitsuboshi Belting Company, Ltd. (a)	14,000		73,421
Mitsui High-Tec, Inc. (a)	7,100		82,560
Mitsui Home Company, Ltd.	7,000		40,485
Mitsui Knowledge Industry Company, Ltd.	134		28,728
Mitsui Mining Company, Ltd. * (a)	17,000		57,071
Mitsui Sugar Company, Ltd. (a)	15,000		52,966
Mitsui-Soko Company, Ltd. (a)	13,000		60,376
Mitsumura Printing Company, Ltd.	9,000		32,171
Mitsuuroko Company, Ltd. (a)	14,000		99,235
Miura Company, Ltd. (a)	3,300		105,905
Miyazaki Bank, Ltd.	25,000		95,886
Miyoshi Oil & Fat Company, Ltd. (a)	14,000		22,282
Miyuki Holdings Company, Ltd.	4,000		11,828
Mizuno Corp. (a)	14,000		78,170
Mochida Pharmaceutical Company, Ltd.	11,000		104,183
Modec, Inc. (a)	5,300		191,755
Morinaga & Company, Ltd. (a)	29,000		63,811
Morinaga Milk Industry Company, Ltd.	30,000		120,021
Morita Corp.	6,000		35,015
MOS Food Services, Inc. (a)	4,000		54,862
Moshi Moshi Hotline, Inc.	2,250		110,367
Mr. Max Corp. (a)	7,300		34,221
Mutoh Holdings Company, Ltd. * (a)	17,000		93,590
Mutow Company, Ltd. (a)	7,800		28,017
Nagano Bank, Ltd.	12,000		32,562
Nagatanien Company, Ltd. (a)	5,000		37,876
Nakabayashi Company, Ltd.	20,000		40,529
Nakamuraya Company, Ltd. (a)	7,000		35,189
Nakayama Steel Works, Ltd. (a)	24,000		56,775
NEC Fielding, Ltd.	8,900		102,794
NEC Leasing, Ltd.	3,000		51,087
NEC Mobiling, Ltd.	2,100		33,368
NEC Networks & System Integration Corp. (a)	7,200		79,339
NEC Tokin Corp. (a)	11,000		37,024

The accompanying notes are an integral part of the financial statements. 

205

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Net One Systems Company, Ltd. (a)	89	$	98,304
Netmarks, Inc.	28		7,013
Neturen Company, Ltd.	8,000		109,723
Nice Corp.	24,000		74,726
Nichia Steel Works, Ltd.	8,000		33,119
Nichias Corp. (a)	10,000		102,018
Nichiban Company, Ltd.	10,000		36,441
Nichicon Corp. (a)	13,800		174,990
Nichiha Corp. (a)	4,200		45,514
Nichii Gakkan Company, Ltd. (a)	5,300		91,360
Nichimo Corp.	28,000		19,482
Nichireki Company, Ltd. *	6,000		20,664
Nichiro Corp.	17,000		23,508
Nidec Copal Corp. (a)	2,700		30,691
Nidec Tosok Corp.	2,800		18,532
Nifco, Inc.	7,000		167,420
Nihon Dempa Kogyo Company, Ltd. (a)	2,700		168,134
Nihon Eslead Corp.	1,300		17,197
Nihon Inter Electronics Corp. (a)	5,000		15,394
Nihon Kagaku Sangyo Company, Ltd.	1,000		7,923
Nihon Kohden Corp. (a)	5,000		91,755
Nihon Nohyaku Company, Ltd. (a)	9,000		62,776
Nihon Parkerizing Company, Ltd. (a)	6,000		71,334
Nihon Yamamura Glass Company, Ltd.	16,000		38,685
Nikkiso Company, Ltd. (a)	8,000		65,959
Nikko Company, Ltd.	5,000		11,611
Nippei Toyama Corp.	4,000		33,989
Nippo Corp. (a)	13,000		103,905
Nippon Avionics Company, Ltd.	7,000		23,378
Nippon Beet Sugar
Manufacturing Company, Ltd. (a)	18,000		42,268
Nippon Carbon Company, Ltd. (a)	14,000		93,877
Nippon Ceramic Company, Ltd. (a)	3,000		45,686
Nippon Chemical Industrial Company, Ltd.	13,000		37,650
Nippon Chemi-Con Corp. (a)	24,000		212,489
Nippon Chemiphar Company, Ltd. * (a)	10,000		36,789
Nippon Concrete Industries Company, Ltd.	16,000		36,041
Nippon Denko Company, Ltd.	12,000		93,929
Nippon Densetsu Kogyo Company, Ltd. (a)	16,000		116,055
Nippon Denwa Shisetsu Company, Ltd.	10,000		34,789
Nippon Filcon Company, Ltd. * (a)	5,000		36,832
Nippon Fine Chemical Company, Ltd.	6,000		43,938
Nippon Flour Mills Company, Ltd. (a)	28,000		103,009
Nippon Gas Company, Ltd. (a)	5,000		51,009
Nippon Kanzai Company, Ltd. (a)	2,000		56,010
Nippon Kasei Chemical Company, Ltd. (a)	16,000		32,701
Nippon Koei Company, Ltd. (a)	11,000		30,997
Nippon Konpo Unyu Soko Company, Ltd. (a)	11,000		149,626
Nippon Koshuha Steel Company, Ltd. (a)	16,000		31,171
Nippon Metal Industry Company, Ltd. (a)	18,000		83,128
Nippon Paint Company, Ltd. (a)	33,000		170,482
Nippon Parking Development Company, Ltd. (a)	202		10,892

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nippon Piston Ring Company, Ltd. (a)	13,000	$	24,535
Nippon Restaurant System, Inc. (a)	1,300		40,137
Nippon Road Company, Ltd.	15,000		25,961
Nippon Seiki Company, Ltd.	4,000		102,800
Nippon Sharyo, Ltd. (a)	20,000		44,877
Nippon Shinyaku Company, Ltd.	9,000		79,135
Nippon Signal Company, Ltd. (a)	9,000		55,966
Nippon Soda Company, Ltd.	24,000		110,419
Nippon Synthetic Chemical Industry
Company, Ltd. (a)	11,000		64,576
Nippon System Development Company, Ltd. (a)	4,800		75,895
Nippon Thompson Company, Ltd. (a)	12,000		106,662
Nippon Valqua Industries, Ltd. (a)	10,000		34,441
Nippon Yakin Kogyo Company, Ltd.	9,500		94,934
Nippon Yusoki Company, Ltd.	5,000		26,613
Nipro Corp. (a)	7,000		138,198
Nishimatsu Construction Company, Ltd. (a)	60,000		181,075
Nissan Shatai Company, Ltd. (a)	20,000		122,978
Nissei Corp.	2,900		35,310
Nissei Plastic Industrial Company, Ltd.	4,000		19,064
Nissen Company, Ltd. (a)	5,500		31,523
Nisshin Fudosan Company, Ltd. (a)	2,900		30,998
Nisshin Oillio Group, Ltd. (a)	19,000		80,310
Nissin Corp.	11,000		38,172
Nissin Electric Company, Ltd.	20,000		92,190
Nissin Sugar Manufacturing Company, Ltd.	10,000		18,003
Nissui Pharmaceutical Company, Ltd.	3,000		22,047
Nitta Corp. (a)	4,100		83,262
Nittan Valve Company, Ltd.	4,000		28,944
Nittetsu Mining Company, Ltd. (a)	13,000		103,227
Nitto Boseki Company, Ltd.	36,000		104,262
Nitto FC Company, Ltd.	2,000		10,924
Nitto Kogyo Corp. (a)	4,000		61,576
Nitto Kohki Company, Ltd. (a)	3,500		80,971
NIWS Company HQ, Ltd. (a)	122		7,056
NOF Corp.	22,000		95,095
Nohmi Bosai, Ltd. (a)	6,000		37,363
Nomura Company, Ltd.	7,000		42,373
Noritake Company, Ltd. (a)	22,000		104,853
Noritsu Koki Company, Ltd.	2,500		50,335
Noritz Corp. (a)	7,200		100,567
NS Solutions Corp. (a)	2,800		77,440
Odakyu Electric Railway Company, Ltd.	3,900		25,134
Oenon Holdings, Inc. (a)	9,000		19,256
Oiles Corp. (a)	5,400		116,707
Oita Bank, Ltd. (a)	23,000		129,022
Okabe Company, Ltd.	9,000		51,192
Okamoto Industries, Inc.	11,000		38,555
Okamoto Machine Tool Works, Ltd.	7,000		23,500
Okamura Corp. (a)	10,000		78,535
Oki Electric Industry Company, Ltd. * (a)	35,000		60,271
Okinawa Electric Power Company, Inc. (a)	2,700		171,656

The accompanying notes are an integral part of the financial statements. 

206

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
OKK Corp.	10,000	$	31,223
Okumura Corp. (a)	26,000		132,284
Okura Industrial Company, Ltd. (a)	8,000		20,177
Okuwa Company, Ltd. (a)	5,000		63,794
Olympic Corp. (a)	4,600		29,725
ONO Sokki Company, Ltd.	5,000		37,267
Onoken Company, Ltd.	3,000		41,564
Organo Corp. (a)	9,000		169,464
Oriental Yeast Company, Ltd.	6,000		34,180
Origin Electric Company, Ltd.	6,000		32,875
Osaka Steel Company, Ltd.	5,200		96,104
Osaki Electric Company, Ltd. (a)	4,000		28,179
Oyo Corp.	3,400		43,054
Pacific Industrial Company, Ltd.	8,000		41,051
PanaHome Corp. (a)	10,000		63,315
Paramount Bed Company, Ltd. (a)	3,500		46,939
Parco Company, Ltd. (a)	7,000		93,329
Paris Miki, Inc. (a)	3,500		47,487
Pasona, Inc. (a)	36		48,217
Patlite Corp.	3,700		31,665
PCA Corp.	1,500		16,503
Penta-Ocean Construction Company, Ltd. * (a)	39,500		62,867
Pigeon Corp. (a)	2,700		45,250
Pilot Corp.	4		45,225
Piolax, Inc.	1,800		37,180
Press Kogyo Company, Ltd. (a)	12,000		49,783
Prima Meat Packers, Ltd. * (a)	25,000		27,614
Raito Kogyo Company, Ltd.	9,900		26,950
Rasa Industries, Ltd. (a)	10,000		24,787
Renown, Inc. * (a)	7,000		52,357
Resort Solution Company, Ltd.	8,000		32,423
Resorttrust, Inc. (a)	5,000		106,323
Rhythm Watch Company, Ltd. (a)	20,000		28,701
Ricoh Elemex Corp.	4,000		33,293
Ricoh Leasing Company, Ltd. (a)	3,600		74,361
Right On Company, Ltd. (a)	2,900		31,124
Riken Corp. (a)	16,000		80,431
Riken Keiki Company, Ltd.	4,000		31,623
Riken Technos Corp.	9,000		29,118
Riken Vitamin Company, Ltd.	2,000		52,183
Ringer Hut Company, Ltd. (a)	3,000		37,206
Rock Field Company, Ltd. (a)	1,800		26,159
Roland Corp.	2,700		75,144
Royal Holdings Company, Ltd. (a)	4,000		47,243
Ryobi, Ltd. (a)	23,000		149,426
Ryoden Trading Company, Ltd.	9,000		70,212
Ryosan Company, Ltd.	6,900		172,530
Ryoshoku, Ltd. (a)	4,100		95,921
Ryoyo Electro Corp. (a)	7,100		102,567
S Foods, Inc.	4,000		34,093
S Science Company, Ltd.	102,000		15,968
Sagami Chain Company, Ltd. (a)	4,000		38,859

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Saibu Gas Company, Ltd. (a)	84,000	$	196,521
Saizeriya Company, Ltd. (a)	3,900		58,883
Sakai Chemical Industry Company, Ltd.	32,000		214,576
Sakata Seed Corp. (a)	9,000		121,091
Sala Corp.	8,000		41,607
San-Ai Oil Company, Ltd.	10,000		46,617
Sanden Corp. (a)	42,000		234,145
Sanei-International Company, Ltd. (a)	1,400		28,005
Sankei Building Company, Ltd. (a)	8,000		75,561
Sanki Engineering Company, Ltd. (a)	12,000		72,430
Sankyo Seiko Company, Ltd. (a)	7,000		25,996
Sankyo-Tateyama Holdings, Inc. (a)	35,000		49,009
Sanoh Industrial Company, Ltd.	5,000		40,746
Sanrio Company, Ltd. (a)	7,000		72,326
Sanshin Electronics Company, Ltd.	5,000		70,404
Sanyo Chemical Industries, Ltd.	12,000		74,622
Sanyo Denki Company, Ltd. (a)	16,000		85,580
Sanyo Shokai, Ltd.	18,000		132,284
Sanyo Special Steel Company, Ltd. (a)	9,000		74,987
Sato Corp. (a)	2,600		48,504
Sato Shoji Corp.	4,000		32,006
Satori Electric Company, Ltd. (a)	2,000		23,482
Secom Joshinetsu Company, Ltd.	900		21,917
Secom Techno Service Company, Ltd.	2,000		64,707
Seibu Electric Industry Company, Ltd.	8,000		40,285
Seijo Corp.	1,400		28,614
Seika Corp. (a)	16,000		42,442
Seikagaku Corp. (a)	4,600		53,049
Seiko Corp. (a)	11,000		64,863
Seiren Company, Ltd.	6,000		39,555
Seiyu, Ltd. * (a)	54,000		39,920
Sekisui Jushi Corp.	5,000		44,051
Sekisui Plastics Company, Ltd.	12,000		39,346
Senko Company, Ltd.	13,000		42,964
Senshu Electric Company, Ltd.	1,500		31,766
Senshukai Company, Ltd.	5,000		62,837
Shibaura Mechatronics Corp.	4,000		19,029
Shibusawa Warehouse Company, Ltd. (a)	10,000		55,401
Shibuya Kogyo Company, Ltd.	3,400		27,530
Shikibo, Ltd. (a)	20,000		23,482
Shikoku Bank, Ltd.	36,000		139,955
Shikoku Chemicals Corp.	6,000		33,815
Shikoku Coca-Cola Bottling Company, Ltd.	3,300		38,746
Shima Seiki Manufacturing, Ltd. (a)	4,900		263,368
Shimizu Bank, Ltd.	2,000		75,317
Shin Nippon Air Technologies Company, Ltd.	4,700		25,221
Shinagawa Refractories Company, Ltd.	8,000		30,475
Shindengen Electric Manufacturing
Company, Ltd.	21,000		92,416
Shin-Etsu Polymer Company, Ltd. (a)	8,000		86,902
Shinkawa, Ltd.	3,900		71,399
Shin-Keisei Electric Railway Company, Ltd.	10,000		34,093

The accompanying notes are an integral part of the financial statements. 

207

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Shinki Company, Ltd.	10,600	$	8,942
Shinko Electric Company, Ltd. (a)	13,000		37,424
Shinko Plantech Company, Ltd.	6,000		86,832
Shinko Shoji Company, Ltd. (a)	3,000		55,966
Shin-Kobe Electric Machinery Company, Ltd. (a)	6,000		24,422
Shinmaywa Industries, Ltd. (a)	21,000		100,270
Shinsho Corp.	13,000		47,713
Shinwa Kaiun Kaisha, Ltd. (a)	16,000		166,011
Shiroki Corp.	12,000		27,970
Shizuki Electric Company, Inc.	9,000		33,110
Shizuoka Gas Company, Ltd.	11,000		52,905
Sho-Bond Corp. (a)	4,200		48,217
Shobunsha Publications, Inc. (a)	2,400		22,522
Shochiku Company, Ltd. (a)	14,000		107,149
Shoko Company, Ltd. (a)	19,000		27,431
Showa Aircraft Industry Company, Ltd.	3,000		34,754
Showa Corp. (a)	2,900		34,529
Showa Sangyo Company, Ltd.	20,000		48,530
Siix Corp.	2,000		50,444
Sinanen Company, Ltd. (a)	9,000		45,791
Sintokogio, Ltd.	8,000		120,160
SKY Perfect JSAT Corp. * (a)	56		24,011
SMK Corp. (a)	8,000		65,681
Snow Brand Milk Products Company, Ltd. (a)	29,000		88,781
SNT Corp.	7,000		44,382
Sodick Company, Ltd.	18,000		120,856
Soft99 Corp.	4,800		35,109
Sogo Medical Company, Ltd.	1,400		35,006
Sorun Corp.	4,600		22,564
Space Company, Ltd.	4,700		33,192
SSP Company, Ltd. (a)	29,000		134,684
ST Chemical Company, Ltd. (a)	3,000		40,911
St. Marc Holdings Company, Ltd. (a)	1,000		38,441
Star Micronics Company, Ltd. (a)	5,000		154,810
Starzen Company, Ltd.	14,000		31,901
Stella Chemifa Corp. (a)	1,000		25,439
Sugi Pharmacy Company, Ltd. (a)	7,700		187,511
Sugimoto & Company, Ltd.	2,500		37,746
Sumida Corp. (a)	1,900		31,810
Suminoe Textile Company, Ltd.	10,000		23,830
Sumisho Computer Systems Corp. (a)	4,700		91,973
Sumitomo Coal Mining Company, Ltd. * (a)	25,000		23,482
Sumitomo Densetsu Company, Ltd.	12,700		77,318
Sumitomo Light Metal Industries, Ltd. (a)	31,000		54,731
Sumitomo Mitsui Company, Ltd. * (a)	10,000		16,525
Sumitomo Pipe & Tube Company, Ltd.	6,000		46,130
Sumitomo Precision Products Company, Ltd. (a)	7,000		32,875
Sumitomo Seika Chemicals Company, Ltd. (a)	8,000		37,433
Sun Wave Corp.	10,000		19,221
Sunx, Ltd. (a)	5,300		30,330
Suruga Corp.	6,000		109,584
SWCC Showa Holdings Company, Ltd.	30,000		43,312

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
SxL Corp. * (a)	26,000	$	15,150
T. Hasegawa Company, Ltd.	4,600		86,615
T. Rad Company, Ltd. (a)	9,000		50,487
Tachibana Eletech Company, Ltd.	4,000		39,833
Tachi-S Company, Ltd. (a)	5,300		41,946
Taihei Dengyo Kaisha, Ltd.	6,000		44,042
Taihei Kogyo Company, Ltd. (a)	12,000		65,020
Taiho Kogyo Company, Ltd. (a)	3,200		45,754
Taikisha, Ltd. (a)	7,000		94,547
Taisei Rotec Corp.	18,000		29,744
Takagi Securities Company, Ltd.	10,000		32,614
Takamatsu Corp. (a)	4,800		67,587
Takano Company, Ltd. (a)	1,800		15,780
Takaoka Electric Manufacturing Company, Ltd.	17,000		26,022
(a)
Takara Standard Company, Ltd. (a)	34,000		189,546
Takasago International Corp.	8,000		45,991
Takasago Thermal Engineering Company, Ltd. (a)	14,000		152,079
Takiron Company, Ltd.	10,000		32,701
Takuma Company, Ltd. (a)	15,000		85,971
Tamura Corp.	9,000		43,286
Tamura Taiko Holdings, Inc.	8,000		18,647
Tasaki Shinju Company, Ltd. (a)	7,000		27,883
Tatsuta Electric Wire & Cable Company, Ltd.	14,000		32,145
Tayca Corp.	10,000		30,614
Teac Corp. *	27,000		23,248
Techno Ryowa, Ltd.	3,100		22,189
Tecmo, Ltd. (a)	4,900		68,953
Teikoku Piston Ring Company, Ltd. (a)	3,000		27,005
Teikoku Tsushin Kogyo Company, Ltd. (a)	7,000		29,953
Tekken Corp. (a)	20,000		31,310
Tenma Corp. (a)	5,200		89,365
Tigers Polymer Corp.	1,000		6,349
TIS, Inc. (a)	5,500		107,149
TKC Corp.	3,700		66,772
TOA Corp. *	32,000		35,902
TOA Oil Company, Ltd.	23,000		36,006
Toagosei Company, Ltd.	57,000		212,176
Tobishima Corp. * (a)	38,500		21,430
Tobu Store Company, Ltd.	14,000		46,147
TOC Company, Ltd. (a)	20,000		183,858
Tocalo Company, Ltd. (a)	2,000		37,485
Tochigi Bank, Ltd.	19,000		106,088
Toda Kogyo Corp.	10,000		42,094
Todentsu Corp. *	13,000		35,276
Toei Company, Ltd. (a)	11,000		57,019
Toenec Corp. (a)	11,000		54,244
Toho Bank, Ltd. (a)	35,000		130,284
Toho Company, Ltd.	10,000		32,353
Toho Real Estate Company, Ltd. (a)	6,000		45,660
Toho Zinc Company, Ltd. (a)	13,000		119,847
Tohoku Bank, Ltd.	15,000		25,439

The accompanying notes are an integral part of the financial statements. 

208

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Tokai Corp.	7,000	$	26,057
Tokimec, Inc.	14,000		29,466
Toko Electric Corp.	10,000		33,136
Toko, Inc. (a)	15,000		33,919
Tokushima Bank, Ltd. (a)	15,000		105,149
Tokushu Tokai Holdings Company, Ltd. *	23,110		53,866
Tokyo Dome Corp.	21,000		113,237
Tokyo Electron Device, Ltd.	17		30,162
Tokyo Energy & Systems, Inc. (a)	5,000		35,267
Tokyo Kikai Seisakusho, Ltd. (a)	10,000		28,962
Tokyo Leasing Company, Ltd.	8,500		81,688
Tokyo Rakutenchi Company, Ltd.	8,000		27,761
Tokyo Rope Manufacturing Company, Ltd. (a)	19,000		33,380
Tokyo Style Company, Ltd.	14,000		145,382
Tokyo Tekko Company, Ltd. (a)	4,000		22,334
Tokyo Theatres Company, Inc. (a)	11,000		25,831
Tokyo Tomin Bank (The), Ltd. *	1,500		43,964
Tokyotokeiba Company, Ltd.	33,000		84,954
Tokyu Community Corp. (a)	1,500		43,312
Tokyu Construction Company, Ltd. (a)	11,840		59,210
Tokyu Livable, Inc. (a)	2,100		36,017
Tokyu Recreation Company, Ltd.	6,000		35,641
Tokyu Store Chain Company, Ltd. (a)	12,000		51,870
Toli Corp.	10,000		24,613
Tomato Bank, Ltd.	16,000		33,536
Tomen Electronics Corp. (a)	1,700		25,283
Tomoe Corp. (a)	8,000		22,265
Tomoku Company, Ltd.	16,000		32,980
Tomy Company, Ltd. (a)	5,900		31,250
Tonami Transportation Company, Ltd. (a)	14,000		40,911
Topre Corp.	6,000		53,331
Topy Industries, Ltd.	19,000		50,731
Tori Holdings Company, Ltd.	82,000		14,263
Torigoe Company, Ltd.	5,000		35,180
Torii Pharmaceutical Company, Ltd.	3,400		59,732
Torishima Pump Manufacturing Company, Ltd. (a)	5,000		70,621
Toshiba Plant Systems & Services Corp. (a)	10,000		97,147
Tosho Printing Company, Ltd.	9,000		28,022
Totetsu Kogyo Company, Ltd.	7,000		45,965
Tottori Bank, Ltd.	12,000		32,353
Touei Housing Corp. (a)	5,000		48,356
Towa Bank, Ltd. (a)	28,000		43,347
Towa Corp. (a)	4,900		45,642
Towa Pharmaceutical Company, Ltd. (a)	1,800		77,961
Towa Real Estate Development
Company, Ltd. * (a)	7,500		19,960
Toyo Construction Company, Ltd. * (a)	30,000		26,352
Toyo Corp. (a)	3,700		52,066
Toyo Electric Manufacturing Company, Ltd. (a)	6,000		19,777
Toyo Engineering Corp.	19,000		108,567
Toyo Ink Manufacturing Company, Ltd.	30,000		101,496
Toyo Kanetsu KK	15,000		33,919

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Toyo Kohan Company, Ltd.	12,000	$	76,709
Toyo Machinery & Metal Company, Ltd. (a)	4,000		19,308
Toyo Securities Company, Ltd.	14,000		49,313
Toyo Tire & Rubber Company, Ltd. (a)	33,000		192,294
Toyo Wharf & Warehouse Company, Ltd. (a)	16,000		32,423
Trans Cosmos, Inc. (a)	2,100		34,391
Trusco Nakayama Corp. (a)	5,400		93,460
Tsubakimoto Chain Company, Ltd.	19,000		126,248
Tsugami Corp. (a)	8,000		30,405
Tsukishima Kikai Company, Ltd. (a)	5,000		45,399
Tsurumi Manufacturing Company, Ltd.	4,000		36,702
Tsutsumi Jewelry Company, Ltd. (a)	3,700		89,781
TTK Company, Ltd.	7,000		41,033
TYK Corp.	16,000		37,293
Ube Material Industries, Ltd.	12,000		38,198
Uchida Yoko Company, Ltd.	7,000		31,779
Unicharm Petcare Corp.	2,000		88,885
Uniden Corp.	9,000		59,567
Unimat Life Corp.	2,800		32,997
Union Tool Company, Ltd. (a)	1,200		51,766
Unitika, Ltd.	51,000		60,767
U-Shin, Ltd. (a)	4,000		17,394
Valor Company, Ltd. (a)	6,000		65,020
Venture Link Company, Ltd. * (a)	12,400		19,089
Victor Company of Japan, Ltd. * (a)	19,000		42,303
Vital-Net, Inc.	6,500		40,533
Wakachiku Construction Company, Ltd.	17,000		15,968
Warabeya Nichiyo Company, Ltd. (a)	2,500		36,528
Watabe Wedding Corp.	2,000		29,657
Watami Company, Ltd. (a)	5,900		91,235
Wood One Company, Ltd. (a)	6,000		32,875
Yahagi Construction Company, Ltd. (a)	8,000		33,328
Yaizu Suisankagaku Industry Company, Ltd.	2,700		28,672
Yamagata Bank, Ltd. (a)	28,000		151,957
Yamaichi Electronics Company, Ltd. (a)	3,900		23,506
Yaoko Company, Ltd. (a)	3,200		83,075
Yasuda Warehouse Company, Ltd.	4,000		39,694
Yellow Hat, Ltd.	3,600		25,486
Yodogawa Steel Works, Ltd.	27,000		134,084
Yokogawa Bridge Corp. (a)	9,000		55,966
Yokohama Reito Company, Ltd.	11,000		85,241
Yokowo Company, Ltd.	4,600		35,686
Yomeishu Seizo Company, Ltd. (a)	6,000		63,194
Yomiuri Land Company, Ltd. (a)	6,000		26,196
Yondenko Corp. (a)	7,000		38,476
Yonekyu Corp. (a)	3,500		36,011
Yorozu Corp.	3,000		38,485
Yoshimoto Kogyo Company, Ltd.	5,000		72,186
Yoshinoya D&C Company, Ltd. (a)	50		80,884
Yuasa Funashoku Company, Ltd. *	10,000		25,744
Yuasa Trading Company, Ltd. (a)	21,000		32,327
Yukiguni Maitake Company, Ltd.	7,100		21,921

The accompanying notes are an integral part of the financial statements. 

209

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Yuraku Real Estate Company, Ltd.	7,000	$	30,440
Yurtec Corp.	9,000		52,522
Yushiro Chemical Industry Company, Ltd. (a)	2,000		35,310
Zenrin Company, Ltd. (a)	4,600		115,220
Zuken, Inc. (a)	4,400		41,903
			49,726,059
Netherlands - 2.62%
Aalberts Industries NV	38,420		913,339
Accell Group NV (a)	1,129		52,651
Arcadis NV	1,567		112,066
ASM International NV	5,347		152,199
Beter Bed Holding NV	1,861		52,231
Brunel International NV	1,198		33,896
Corporate Express NV, SADR (a)	1,700		18,547
Draka Holding NV	1,175		52,290
Eriks Group NV (a)	887		66,840
Gamma Holding NV	431		34,010
Getronics NV *	4,302		37,923
Grolsch NV	1,177		43,694
Grontmij NV	1,708		77,710
Heijmans NV	920		42,368
Hunter Douglas NV	1,045		93,604
ICT Automatisering NV	1,785		29,922
Imtech NV (a)	10,827		886,992
KAS Bank NV	1,603		58,551
Koninklijke BAM Groep NV	9,471		251,677
Koninklijke Boskalis Westinster NV (a)	7,359		369,973
Koninklijke Ten Cate NV (a)	3,853		156,074
Laurus NV *	9,291		56,142
Macintosh Retail Group NV (a)	2,604		91,300
Nutreco Holding NV (a)	4,100		288,962
Oce NV (a)	11,884		249,057
OPG Groep NV (a)	8,372		271,395
Ordina NV (a)	4,066		75,038
Pharming Group NV * (a)	8,121		30,483
Sligro Food Group NV (a)	3,098		140,643
Smit Internationale NV	1,358		118,185
Stork NV	1,018		66,146
Tele Atlas NV *	8,600		248,829
Telegraaf Media Groep NV (a)	6,008		202,279
TKH Group NV	6,216		152,631
Unit 4 Agresso NV	2,085		61,216
Univar NV	1,747		132,118
USG People NV	3,245		92,229
			5,813,210
New Zealand - 0.48%
Fisher & Paykel Appliances Holdings, Ltd. (a)	43,440		117,013
Freightways, Ltd.	17,697		50,884
Infratil, Ltd.	55,708		125,190
Mainfreight, Ltd. (a)	10,000		50,696
New Zealand Oil & Gas, Ltd. *	39,136		30,501

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
New Zealand (continued)
Nuplex Industries, Ltd.	14,334	$	79,608
PGG Wrightson, Ltd.	46,710		68,212
Port of Tauranga, Ltd. (a)	12,337		62,543
Pumpkin Patch, Ltd. (a)	20,900		49,181
Ryman Healthcare, Ltd.	83,695		131,722
Sky City Entertainment Group, Ltd.	46,388		183,219
Steel & Tube Holdings, Ltd.	7,409		24,106
Tourism Holdings, Ltd.	27,130		49,267
Tower, Ltd. *	24,522		41,562
			1,063,704
Norway - 0.98%
Acta Holding ASA	11,200		50,285
Aktiv Kapital ASA * (a)	5,200		86,950
Altinex ASA *	15,000		60,972
Blom ASA *	5,400		51,383
Bonheur ASA (a)	3,500		162,962
Det Norske Oljeselskapb ASA *	64,128		132,704
DOF ASA (a)	500		4,896
EDB Business Partner ASA	9,800		80,395
Ekornes ASA (a)	7,000		148,735
Ementor ASA *	9,000		81,149
Fast Search & Transfer ASA * (a)	36,000		72,502
Ganger Rolf ASA	1,600		67,698
Kongsberg Gruppen ASA	1,700		86,063
Leroy Seafood Group ASA (a)	4,800		109,085
Ocean Rig ASA *	32,900		241,934
Petrolia Drilling ASA *	76,000		40,862
Sevan Marine ASA *	9,200		95,616
Solstad Offshore ASA	4,600		121,538
Sparebanken Midt-Norge	8,600		111,228
Tandberg ASA (a)	2,750		65,926
Tomra Systems ASA (a)	24,000		172,939
Veidekke ASA	13,000		118,896
			2,164,718
Portugal - 0.32%
Impresa, SGPS SA *	11,168		35,727
Jeronimo Martins, SGPS SA	21,049		128,987
Mota Engil, SGPS SA	19,025		144,716
Semapa-Sociedade de Investimento &
Gestao, SGPS SA	6,656		108,168
Sonae Industria, SGPS SA *	3,131		35,079
Sonaecom, SGPS SA * (a)	38,601		187,700
Teixeira Duarte, Engenharia & Construcoes SA	21,621		62,711
			703,088
Singapore - 1.57%
Bonvests Holdings, Ltd.	56,400		53,197
Bukit Sembawang Estates, Ltd.	6,000		46,487
Cerebos Pacific, Ltd.	16,000		43,333
CH Offshore, Ltd.	136,000		83,379
China Merchants Holdings Pacific, Ltd.	73,000		40,821
Chuan Hup Holdings, Ltd.	182,000		44,142

The accompanying notes are an integral part of the financial statements. 

210

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Singapore (continued)
Creative Technology, Ltd. (a)	15,500	$	63,700
Delong Holdings, Ltd. *	45,500		101,159
Ezra Holdings Pte, Ltd. (a)	41,000		176,784
Goodpack, Ltd.	36,000		50,691
Hartford Education Corp., Ltd.	9,164		1,111
Hi-P International, Ltd. (a)	126,000		60,271
Hong Leong Asia, Ltd.	42,000		109,789
Hotel Plaza, Ltd.	21,000		30,701
Hotel Properties, Ltd. *	38,500		122,428
HTL International Holdings, Ltd. (a)	58,000		32,823
Hwa Hong Corp., Ltd.	92,000		48,036
Hyflux, Ltd. (a)	55,000		106,346
Jaya Holdings, Ltd.	96,000		129,354
Jurong Technologies Industrial Corp., Ltd. (a)	49,500		25,178
K1 Ventures, Ltd. *	367,000		79,121
Keppel Telecommunications & Transportation
Company, Ltd. (a)	57,000		172,809
Kim Eng Holdings, Ltd.	48,000		64,354
Labroy Marine, Ltd. (a)	105,000		172,607
Metro Holdings, Ltd. (a)	74,000		51,849
MFS Technology, Ltd.	113,000		49,865
Midas Holdings, Ltd.	92,000		107,229
MobileOne, Ltd.	25,000		34,528
NatSteel, Ltd.	21,000		23,769
Orchard Parade Holdings, Ltd. *	70,000		97,622
Osim International, Ltd. (a)	43,000		17,382
Petra Foods, Ltd. (a)	46,000		49,896
Raffles Education Corp., Ltd.	110,000		169,710
Robinson & Company, Ltd.	13,000		42,565
Singapore Food Industries, Ltd.	21,000		11,460
Singapore Post, Ltd.	80,000		65,755
Sinomem Technology, Ltd. * (a)	81,000		72,580
SMRT Corp., Ltd. (a)	41,000		47,234
Straits Trading Company, Ltd.	63,000		191,848
Sunningdale Tech, Ltd.	144,000		42,202
Tat Hong Holdings, Ltd.	26,000		42,215
Unisteel Technology, Ltd. (a)	43,750		63,372
United Engineers, Ltd.	32,000		84,080
United Test & Assembly Center, Ltd. *	238,000		189,207
UOB-Kay Hian Holdings, Ltd.	94,000		136,158
WBL Corp., Ltd.	13,000		34,508
			3,483,655
South Korea - 0.32%
Bukwang Pharmaceutical Company, Ltd. (a)	5,082		168,539
Dongbu Hannong Chemicals Company, Ltd.	1,739		31,544
Pantech & Curitel Communications, Inc. *	882		0
Pantech Company, Ltd. *	443		0
Taeyoung Engineering & Construction, Ltd.	12,700		165,836
Tong Yang Investment Bank	15,326		281,350
Woongjin Holdings Company, Ltd.	721		14,654

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Woongjin Thinkbig Company, Ltd. *	2,038	$	42,869
			704,792
Spain - 2.00%
Abengoa SA (a)	7,583		299,834
Adolfo Dominguez SA (a)	1,759		83,907
Amper SA	8,329		142,343
Avanzit SA * (a)	31,495		113,043
Banco Guipuzcoano SA (a)	20,430		411,311
Campofrio Alimentacion SA *	2,225		39,544
Construcciones & Auxiliar de Ferrocarriles SA (a)	428		151,554
Duro Felguera SA (a)	6,660		75,943
Ebro Puleva SA (a)	7,641		156,224
FAES FARMA SA (a)	9,640		170,916
Grupo Empresarial Ence SA	20,720		233,615
La Seda de Barcelona SA *	57,973		183,810
Mecalux SA * (a)	2,884		130,436
Natra SA	4,032		56,696
Natraceutical SA * (a)	35,597		63,265
NH Hoteles SA *	4,594		89,028
Obrascon Huarte Lain SA	7,054		263,371
Pescanova SA (a)	1,382		63,821
Prim SA	2,640		62,234
Prosegur Cia de Seguridad SA	1,259		45,646
Service Point Solutions SA (a)	19,294		91,898
Sociedad Nacional Inds., Aplicaciones
Celulosa Espanola SA * (a)	11,029		54,100
SOS Cuetara SA (a)	20,535		411,089
Tecnocom, Telecomunicaciones & Energia SA *	6,606		55,321
Tubacex SA (a)	28,525		279,031
Unipapel SA *	1,050		36,650
Uralita SA	15,058		147,511
Urbas Proyectos Urbanisticos SA * (a)	10,449		23,473
Vertice Trescientos Sesenta Grados SA * (a)	17,987		3,836
Vidrala SA	1,663		60,128
Viscofan SA	11,757		273,475
Zeltia SA * (a)	14,274		154,849
			4,427,902
Sweden - 1.95%
AddTech AB, Series B (a)	2,600		59,022
Angpanneforeningen AB, Series B (a)	2,600		70,265
Axfood AB (a)	5,450		183,055
Axis Communications AB	10,500		225,388
Bergman & Beving AB, Series B (a)	4,000		131,573
Billerud Aktibolag AB (a)	10,000		133,580
Cardo AB (a)	3,200		108,717
Clas Ohlson AB, Series B (a)	2,475		60,198
D. Carnegie & Company AB	30,200		631,936
Gunnebo AB (a)	8,726		107,130
Haldex AB (a)	4,300		98,942
HIQ International AB	8,000		50,035
Hoganas AB, Series B	5,800		153,162

The accompanying notes are an integral part of the financial statements. 

211

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Sweden (continued)
IBS AB, Series B *	23,000	$	55,764
JM AB	14,638		351,511
Lennart Wallenstam Byggnads AB, Series B	3,900		80,102
Lindex AB	9,700		159,532
Micronic Laser Systems AB *	6,200		43,564
Munters AB (a)	7,350		105,559
New Wave Group AB, Series B	4,600		45,464
Nibe Industrier AB, Series B	4,800		47,811
Nobia AB (a)	25,200		241,279
Nolato AB, Series B	4,000		35,210
Obsever AB * (a)	19,000		71,006
PartnerTech AB	1,600		19,705
Peab AB, Series B	14,400		155,108
Peab Industri AB *	7,200		33,357
Q-Med AB	9,200		131,418
RNB Retail & Brands AB	5,416		67,329
SkiStar AB, Series B (a)	6,100		110,451
Studsvik AB	1,000		28,955
Sweco AB, Series B *	7,000		69,454
Teleca AB, Series B *	6,800		16,277
Telelogic AB *	19,000		61,030
Trelleborg AB, Series B	15,800		370,875
			4,313,764
Switzerland - 4.01%
Affichage Holding AG *	309		68,558
AFG Arbonia-Forster Holding AG (a)	291		107,939
Allreal Holding AG (a)	916		107,188
Bank Coop AG (a)	1,859		118,641
Bank Sarasin & Compagnie AG, Series B	61		267,546
Belimo Holding AG	64		76,536
Berner Kantonalbank *	910		166,822
Bobst Group AG	40		2,913
Bucher Industries AG	1,199		222,062
Charles Voegele Holding AG *	913		80,167
Conzzeta Holding AG	37		76,704
Emmi AG	445		62,136
EMS-Chemie Holding AG	425		59,271
Energiedienst Holding AG * (a)	299		160,341
Flughafen Zuerich AG	437		168,365
Forbo Holding AG *	348		205,697
Galenica Holding AG	430		183,257
Georg Fischer AG *	609		418,138
Gurit Heberlein AG	364		383,847
Helvetia Patria Holding AG	685		234,573
Hiestand Holding AG, Series A (a)	39		79,848
Jelmoli Holding AG	135		369,606
Kaba Holding AG, Series B * (a)	447		134,404
Kuoni Reisen Holding AG, Series B	1,959		922,988
Luzerner Kantonalbank	1,251		281,310
Mobilezone Holding AG	10,362		67,817
Phoenix Mecano AG	228		94,434

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Switzerland (continued)
PubliGroupe SA	418	$	145,379
Rieter Holding AG	615		331,906
Schulthess Group AG (a)	810		101,306
Schweizerische
National-Versicherungs-Gesellschaft AG	78		60,136
SEZ Holding AG	972		22,565
Sia Abrasives Holding AG	131		52,912
St. Galler Kantonalbank * (a)	614		265,882
Swissfirst AG	1,127		86,406
Swissquote Group Holding SA *	1,240		68,408
Tamedia AG	451		57,140
Tecan Group AG *	2,488		159,849
Temenos Group AG * (a)	3,323		77,428
Valiant Holding AG *	3,659		554,171
Valora Holding AG	778		155,220
Verwaltungs & Privat Bank AG	3,265		788,735
Von Roll Holding AG *	45,601		332,041
Vontobel Holding AG (a)	9,372		478,897
WMH Walter Meier AG, Series A *	178		33,851
			8,893,340
Taiwan - 0.11%
Shinkong Synthetic Fibers Corp. *	410,365		155,922
Sinyi Realty Company, Ltd.	35,816		97,675
Ya Hsin Industrial Company, Ltd. *	138,000		0
			253,597
Thailand - 0.00%
Bangkok Aviation Fuel Services PCL	27,874		8,783
United Kingdom - 18.83%
A.G. Barr PLC	1,500		37,216
Abacus Group PLC	13,889		22,935
Abbot Group PLC	27,144		163,936
Aberdeen Asset Management PLC	87,431		326,181
AEA Technology PLC *	19,508		45,636
Aga Foodservice Group PLC *	19,460		167,020
Aggreko PLC	47,192		556,082
Alexon Group PLC	8,602		32,530
Alfred McAlpine PLC	19,342		192,327
Alizyme PLC *	22,479		32,652
Amlin PLC *	25,935		174,214
Anglo Pacific Group PLC *	14,519		48,839
Anglo-Eastern Plantations PLC	8,092		60,213
Anite Group PLC	66,831		97,415
Arena Leisure PLC	107,875		123,155
Arriva PLC	20,459		322,200
Ashtead Group PLC	50,307		106,661
Autonomy Corp. PLC *	30,010		526,758
Aveva Group PLC	8,406		157,317
Avis Europe PLC *	71,985		52,831
Axis-Shield PLC *	6,528		37,396
Axon Group PLC	11,511		196,770
Babcock International Group PLC	23,060		239,757

The accompanying notes are an integral part of the financial statements. 

212

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Beazley Group PLC	17,564	$	65,526
Benfield Group, Ltd. *	6,672		39,445
Bespak PLC	3,566		47,799
BICC PLC	31,346		303,222
Biocompatibles International PLC *	10,935		39,681
Blacks Leisure Group PLC	8,616		48,084
Blinkx PLC *	30,010		17,895
Bloomsbury Publishing PLC	13,378		40,296
Bodycote International PLC	123,466		624,225
Bovis Homes Group PLC	26,718		356,225
BPP Holdings PLC	5,007		62,470
Braemar Seascope Group PLC	5,361		44,154
Brewin Dolphin Holdings PLC	48,637		182,195
Brit Insurance Holdings PLC	76,977		535,913
British Polythene Industries PLC *	4,443		34,283
Britvic PLC	11,896		78,333
BSS Group PLC	10,970		102,651
Burren Energy PLC	14,820		253,787
Capital & Regional PLC	13,564		203,520
Care UK PLC	9,522		96,526
Carillion PLC	44,876		349,935
Carpetright PLC	5,505		118,063
Castings PLC	6,705		38,820
Catlin Group, Ltd.	10,377		96,837
Centaur Media PLC	36,430		88,008
Ceramic Fuel Cells, Ltd. *	40,600		29,383
Charles Taylor Consulting PLC	6,425		47,219
Charter PLC *	11,570		279,036
Chemring Group PLC	10,411		383,100
Chime Communications PLC	60,938		59,320
Chloride Group PLC	45,330		166,341
Christian Salvesen PLC	75,032		96,367
Chrysalis Group PLC	21,622		41,876
Clinton Cards PLC	33,476		36,170
Communisis PLC	31,511		46,574
Computacenter PLC	12,617		51,572
Cookson Group PLC	27,938		434,573
Costain Group PLC *	86,824		60,181
Cranswick PLC	8,057		120,891
Creston PLC	10,587		25,792
Croda International PLC	19,600		255,728
CSR PLC *	3,852		50,533
D.S. Smith PLC	71,346		271,627
Dairy Crest Group PLC	15,460		198,245
Dana Petroleum PLC *	9,954		235,801
Davis Service Group PLC	24,951		272,389
Dawson Holdings PLC	18,986		40,254
De La Rue PLC *	23,027		342,691
Dechra Pharmaceuticals PLC	6,779		48,163
Delta PLC	17,178		46,051
Detica Group PLC	24,675		156,444
Development Securities PLC	8,899		97,604

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Devro PLC	35,231	$	63,564
Dignity PLC	4,361		70,991
Diploma PLC	2,935		65,997
Domestic & General Group PLC	4,773		134,864
Domino Printing Sciences PLC	24,282		156,428
DTZ Holdings PLC	7,566		72,842
E2V Technologies PLC	17,360		101,395
Electrocomponents PLC	97,748		507,650
Elementis PLC	86,991		174,241
EMAP PLC	24,028		430,575
Ennstone PLC	59,550		48,561
Enodis PLC	37,756		134,315
Entertainment Rights PLC *	100,576		45,109
Erinaceous Group PLC	13,908		15,594
Euromoney Institutional Investor PLC	11,128		120,009
Evolution Group PLC	47,411		103,662
Expro International Group PLC	13,879		278,134
F&C Asset Management PLC	60,938		248,462
Fenner PLC	21,742		112,251
Filtrona PLC	51,099		238,035
Findel PLC	12,673		166,383
FKI PLC	89,617		166,255
Forth Ports PLC	8,466		305,833
Fortune Oil PLC *	359,509		43,901
Foseco PLC *	10,257		45,271
French Connection Group PLC	8,047		23,049
Fuller Smith & Turner PLC	9,317		133,908
Galiform PLC *	201,168		451,122
Galliford Try PLC	45,150		135,306
Game Group PLC	60,751		237,792
GCAP Media PLC	18,571		78,559
Go-Ahead Group PLC	5,758		280,316
Greene King PLC	26,500		476,493
Greggs PLC	980		96,397
Gyrus Group PLC *	21,670		168,979
Halfords Group PLC	22,110		159,789
Halma PLC	53,572		246,006
Hampson Industries PLC	14,601		50,677
Headlam Group PLC	16,906		194,213
Helical Bar PLC	19,485		181,435
Helphire PLC	17,190		118,888
Henderson Group PLC (a)	135,328		471,076
Henry Boot PLC	26,180		121,421
Highway Insurance Holdings PLC	28,215		40,696
Hikma Pharmaceuticals PLC	11,309		96,831
Hill & Smith Holdings PLC	11,574		91,727
Hiscox PLC	67,190		383,535
HMV Group PLC	48,637		116,010
Holidaybreak PLC	6,396		97,142
Homeserve PLC	33,099		1,167,356
Hunting PLC	20,921		288,531
Huntsworth PLC	20,523		43,094

The accompanying notes are an integral part of the financial statements. 

213

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Hyder Consulting PLC	4,872	$	48,321
IG Group Holdings PLC	35,770		276,194
Imagination Technologies Group PLC *	25,207		60,638
Inmarsat PLC	40,250		373,148
Intec Telecom Systems PLC *	38,573		39,122
Interserve PLC	18,083		175,293
Intertek Group PLC	21,026		405,928
Investec PLC	4,733		49,402
ITE Group PLC	35,107		123,102
J.D. Wetherspoon PLC	21,465		231,926
James Fisher & Sons PLC	9,920		128,722
Jardine Lloyd Thompson Group PLC	16,768		127,677
Jessops PLC (a)	13,570		3,389
JJB Sports PLC	40,927		128,491
JKX Oil & Gas PLC	20,877		148,963
John Menzies PLC *	3,700		42,241
John Wood Group PLC	25,390		205,104
Johnson Service Group PLC	7,456		38,304
Johnston Press PLC	30,257		200,317
Keller Group PLC	21,691		435,349
Kesa Electricals PLC	29,339		164,632
Kier Group PLC	5,040		187,720
Kiln, Ltd.	34,221		74,474
Kingston Communications PLC	55,662		74,894
Laird Group PLC *	25,041		275,669
Laura Ashley Holdings PLC	103,488		54,854
Liontrust Asset Management PLC	5,181		39,925
Lookers PLC	28,870		77,101
Low & Bonar PLC	25,560		70,215
Luminar PLC	11,233		137,630
M.J. Gleeson Group PLC	10,775		77,871
Marshalls PLC	22,651		134,261
Marston's PLC	54,212		374,108
Marylebone Warwick Balfour Group PLC *	22,899		125,811
McBride PLC	15,311		54,312
Meggitt PLC	23,350		151,019
Melrose Resources PLC	8,798		54,032
Metalrax Group PLC	22,036		25,719
Mice Group PLC	48,380		5,918
Michael Page International PLC	32,257		271,263
Micro Focus International PLC	15,909		96,731
Minerva PLC *	16,810		77,535
Misys PLC	59,049		266,040
Mitie Group PLC	40,564		206,739
Morgan Crucible Company PLC	39,661		239,735
Morgan Sindall PLC	3,466		110,582
Morse PLC	27,374		49,667
Mothercare PLC	11,048		85,869
Mouchel Parkman PLC	15,227		119,669
N. Brown Group PLC	39,636		219,787
National Express Group PLC	13,063		329,424
Northgate Information Solutions PLC	63,384		91,422

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Northgate PLC	10,250	$	193,289
Northumbrian Water Group PLC	47,126		327,370
NSB Retail Systems PLC	75,768		40,547
Pace Micro Technology PLC *	22,213		45,737
Paypoint PLC	5,790		70,823
Pendragon PLC	167,620		204,177
Photo-Me International PLC	24,627		25,982
Pinewood Shepperton PLC	8,060		42,106
Premier Farnell PLC	63,770		205,732
Premier Oil PLC *	14,615		300,928
Protherics PLC *	51,506		51,976
Psion PLC	28,332		69,600
PZ Cussons PLC	25,240		86,445
QXL Ricardo PLC *	2,277		46,420
Rathbone Brothers PLC	10,811		269,988
Raymarine PLC	13,300		69,141
REA Holdings PLC *	4,098		46,200
Redrow PLC	33,287		274,326
Regent Inns PLC *	26,754		39,407
Regus Group PLC	127,837		320,556
Renishaw PLC	8,451		114,743
Rensburg Sheppards PLC	5,301		86,347
Restaurant Group PLC	43,039		237,121
RM PLC	11,530		45,013
Robert Walters PLC	17,462		84,814
Robert Wiseman Dairies PLC	6,778		60,592
ROK PLC	7,461		29,052
Rotork PLC	10,588		218,011
Royalblue Group PLC	4,074		82,224
RPC Group PLC	19,953		114,710
RPS Group PLC	51,084		352,782
Savills PLC	23,562		176,407
SDL PLC *	12,484		84,877
Senior PLC	89,677		212,985
Serco Group PLC	48,653		411,623
Severfield-Rowen PLC	1,929		82,662
Shanks Group PLC	23,610		107,456
Shore Capital Group PLC	22,807		29,990
Skyepharma PLC *	127,236		42,799
SMG PLC *	32,342		22,088
Smiths News PLC	32,271		80,263
Soco International PLC *	8,946		387,005
Sondex PLC	15,395		145,313
Spectris PLC	18,161		325,070
Speedy Hire PLC	4,151		91,648
Spirax-Sarco Engineering PLC	18,222		379,284
Spirent Communications PLC, ADR *	92,513		112,689
Spirent Communications PLC *	992		4,712
Sportech PLC *	67,000		15,025
Spring Group PLC	29,401		40,159
SSL International PLC	27,606		239,185
St. Ives Group PLC	10,242		42,804

The accompanying notes are an integral part of the financial statements. 

214

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
St. Modwen Properties PLC	23,999	$	232,519
Stagecoach Group PLC	46,745		216,562
Sthree PLC *	11,149		66,596
Surfcontrol PLC *	4,312		60,656
Taylor Nelson Sofres PLC	59,710		274,800
TDG PLC	7,411		35,089
Telent PLC	12,126		145,110
Thorntons PLC	11,977		41,753
Thus Group PLC *	22,962		71,856
Topps Tiles PLC	36,666		147,069
Town Centre Securities PLC	4,155		30,388
Trinity Mirror PLC	30,793		258,638
TT electronics PLC	25,513		78,798
TUI Travel PLC * (a)	48,309		248,182
UK Coal PLC *	25,532		262,596
Ultra Electronics Holdings PLC	8,853		199,974
Umeco PLC	4,748		60,642
Uniq PLC	31,402		131,236
United Business Media PLC	28,226		398,485
UTV PLC	5,094		39,463
Venture Production PLC	14,570		201,981
Vernalis PLC *	60,104		49,625
Victrex PLC	9,390		126,343
VT Group PLC	22,913		268,124
W.H. Smith PLC	32,271		252,631
W.S. Atkins PLC	13,042		303,636
Weir Group(The) PLC	35,685		599,817
Whatman PLC	20,925		79,452
White Young Green PLC	4,301		39,808
Wilmington Group PLC	8,076		39,020
Wincanton PLC	11,919		94,643
Wolfson Microelectronics PLC *	11,274		56,138
Woolworths Group PLC	185,655		67,181
WSP Group PLC	10,892		157,100
Xaar PLC	8,223		33,611
Xansa PLC	25,638		67,294
Yule Catto & Company PLC	50,811		235,917
			41,711,724
TOTAL COMMON STOCKS (Cost $193,577,717)		$	219,896,259
PREFERRED STOCKS - 0.02%
Australia - 0.02%
Village Roadshow, Ltd. *	14,479		38,585
TOTAL PREFERRED STOCKS (Cost $34,807)		$	38,585
WARRANTS - 0.01%
Hong Kong - 0.00%
Matsunichi Communication Holdings, Ltd.
(Expiration Date 08/22/2010, Strike
Price HKD 6.00)	4,500		1,071

International Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
WARRANTS (continued)
New Zealand - 0.00%
Infratil, Ltd.
(Expiration Date 06/29/2012, Strike
Price NZD 4.25)		5,570	$	2,739
Singapore - 0.01%
Bukit Sembawang Estates, Ltd.
(Expiration Date 11/13/2007, Strike
Price SGD 4.00)		3,000		15,058
Goodpack, Ltd.
(Expiration Date 07/16/2009, Strike
Price SGD 1.38)		4,500		2,289
				17,347
TOTAL WARRANTS (Cost $8,694)			$	21,157
RIGHTS - 0.00%
Belgium - 0.00%
Omega Pharma SA (Expiration Date
10/03/2007, Strike Price EUR 10.25)		3,831		0
New Zealand - 0.00%
Infratil, Ltd. (Expiration Date 10/03/2007,
Strike Price NZD 2.00)		11,141		7,756
Spain - 0.00%
Telecomunicaciones y Energia (Expiration
Date 11/02/2007, Strike Price EUR 5.09)		660		5,527
TOTAL RIGHTS (Cost $0)			$	13,283
SHORT TERM INVESTMENTS - 24.79%
John Hancock Cash Investment Trust (c)	$	54,920,650	$	54,920,650
TOTAL SHORT TERM INVESTMENTS
(Cost $54,920,650)			$	54,920,650
REPURCHASE AGREEMENTS - 0.11%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$247,084 on 10/01/2007,
collateralized by $255,000 Federal
Home Loan Bank, 3.75% due
08/18/2009 (valued at $253,088,
including interest)	$	247,000	$	247,000
TOTAL REPURCHASE AGREEMENTS
(Cost $247,000)			$	247,000
Total Investments (International Small Company Trust)
(Cost $248,788,868) - 124.18%			$	275,136,934
Liabilities in Excess of Other Assets - (24.18)%				(53,582,198)
TOTAL NET ASSETS - 100.00%			$	221,554,736

The accompanying notes are an integral part of the financial statements. 

215

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

The portfolio had the following five top industry concentrations as of September 30, 2007 (as a percentage of total net assets):

Building Materials & Construction	6.67%
Banking	4.75%
Food & Beverages	4.61%
Metal & Metal Products	4.24%
Business Services	4.06%

International Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 97.08%
Australia - 1.30%
National Australia Bank, Ltd. (a)	656,044	$	23,064,698
Austria - 0.49%
Telekom Austria AG	329,850		8,605,794
Belgium - 0.96%
Belgacom SA (a)	366,810		16,970,596
Cayman Islands - 1.35%
ACE, Ltd.	395,542		23,957,979
China - 0.64%
China Telecom Corp., Ltd. (a)	15,162,427		11,436,345
Denmark - 0.56%
Vestas Wind Systems AS * (a)	126,464		9,964,159
Finland - 2.36%
Stora Enso Oyj, R Shares (a)	1,064,551		20,675,478
UPM-Kymmene Oyj (a)	878,064		21,173,390
			41,848,868
France - 10.94%
AXA Group SA (a)	834,891		37,249,556
France Telecom SA (a)	1,540,126		51,437,240
Sanofi-Aventis SA	459,143		38,763,818
Thomson SA (a)	1,656,260		25,150,010
Total SA	359,746		29,164,973
Vivendi SA (a)	293,410		12,348,238
			194,113,835
Germany - 5.54%
Bayerische Motoren Werke (BMW) AG (a)	308,986		19,870,270
Deutsche Post AG	639,141		18,538,101
E.ON AG	56,457		10,407,878
Muenchener Rueckversicherungs-
Gesellschaft AG	120,454		23,080,906
Siemens AG	193,221		26,488,651
			98,385,806
Hong Kong - 1.57%
Hutchison Whampoa, Ltd. (a)	2,602,031		27,881,595
Israel - 1.66%
Check Point Software Technologies, Ltd. *	1,169,621		29,451,057
Italy - 3.66%
Eni SpA	683,757		25,266,579
Mediaset SpA (a)	2,475,418		25,481,530

International Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
UniCredito Italiano SpA (a)	1,655,043	$	14,118,837
			64,866,946
Japan - 6.82%
Aiful Corp. (a)	428,649		6,710,456
Konica Minolta Holdings, Inc. (a)	1,521,538		25,764,781
Mitsubishi UFJ Financial Group, Inc. (a)	815,000		7,754,803
NGK Spark Plug Company, Ltd. (a)	1,142,000		17,728,909
Nissan Motor Company, Ltd. (a)	1,971,700		19,737,578
Promise Company, Ltd. (a)	270,600		6,589,668
Sony Corp. (a)	430,104		20,835,617
USS Company, Ltd. (a)	242,320		15,911,602
			121,033,414
Netherlands - 6.68%
ING Groep NV (a)	954,822		42,261,015
Koninklijke (Royal) Philips Electronics NV (a)	545,165		24,532,402
Reed Elsevier NV (a)	1,977,034		37,441,803
Vedior NV	650,320		14,266,959
			118,502,179
Norway - 2.38%
Norske Skogindustrier ASA (a)	1,152,508		12,286,775
Telenor ASA	1,503,745		30,006,552
			42,293,327
Singapore - 4.10%
Flextronics International, Ltd. *	1,556,650		17,403,347
Singapore Telecommunications, Ltd. (a)	9,399,000		25,455,757
Venture Corp., Ltd.	2,682,311		29,817,511
			72,676,615
South Korea - 4.68%
Kookmin Bank, SADR	166,247		13,630,592
KT Corp., SADR (a)	323,078		8,093,104
Samsung Electronics Company, Ltd.	71,909		45,181,309
SK Telecom Company, Ltd., ADR (a)	545,535		16,202,389
			83,107,394
Spain - 3.02%
Gamesa Corporacion Tecno SA	213,258		8,686,970
Repsol SA (a)	464,236		16,534,267
Telefonica SA	1,018,867		28,436,503
			53,657,740
Sweden - 0.91%
Securitas AB, B Shares (a)	672,911		8,832,899
Securitas Systems AB, B Shares	1,988,911		7,310,027
			16,142,926
Switzerland - 4.04%
Nestle SA	52,771		23,642,638
Novartis AG	415,350		22,860,528
Swiss Re	202,131		17,956,041
UBS AG	135,798		7,282,267
			71,741,474

The accompanying notes are an integral part of the financial statements. 

216

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

International Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Taiwan - 5.45%
Chunghwa Telecom Company, Ltd., SADR (a)		1,164,988	$	21,528,978
Compal Electronics, Inc., GDR		447,649		2,417,305
Compal Electronics, Inc.		11,909,103		13,465,479
Lite-On Technology Corp.		17,802,093		27,820,032
Mega Financial Holding Company, Ltd.		50,001,000		31,561,839
				96,793,633
Thailand - 0.00%
Advanced Info Service PCL		3,000		7,702
United Kingdom - 27.97%
Amvescap PLC		535,954		7,227,694
Aviva PLC (a)		1,768,360		26,533,277
BAE Systems PLC		849,301		8,544,589
BP PLC		3,539,935		40,954,681
British Sky Broadcasting Group PLC		2,492,373		35,313,457
Centrica PLC		3,071,320		23,824,408
Compass Group PLC		4,885,677		30,079,741
Fiberweb PLC		498,695		599,832
GlaxoSmithKline PLC		1,331,964		35,218,825
Group 4 Securicor PLC		6,706,810		27,619,116
HSBC Holdings PLC		1,915,120		35,314,004
Kingfisher PLC		3,683,660		13,427,323
Old Mutual PLC (a)		7,372,770		24,093,872
Pearson PLC		1,110,461		17,148,587
Rentokil Initial PLC		4,688,638		15,953,113
Royal Bank of Scotland Group PLC		3,328,353		35,623,048
Royal Dutch Shell PLC, B Shares		781,726		32,064,534
Tesco PLC		1,724,810		15,445,267
Unilever PLC		718,800		22,640,132
Vodafone Group PLC		13,578,528		48,858,462
				496,483,962
TOTAL COMMON STOCKS (Cost $1,365,065,344)			$	1,722,988,044
SHORT TERM INVESTMENTS - 27.42%
John Hancock Cash Investment Trust (c)	$	464,082,959	$	464,082,959
Paribas Corp. Time Deposit
5.22% due 10/01/2007		22,555,000		22,555,000
TOTAL SHORT TERM INVESTMENTS
(Cost $486,637,959)			$	486,637,959
REPURCHASE AGREEMENTS - 0.00%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$50,017 on 10/01/2007,
collateralized by $55,000 Federal
Home Loan Bank, 5.375% due
03/09/2009 (valued at $55,138,
including interest)	$	50,000	$	50,000
TOTAL REPURCHASE AGREEMENTS
(Cost $50,000)			$	50,000

Total Investments (International Value Trust)
(Cost $1,851,753,303) - 124.50%	$	2,209,676,003
Liabilities in Excess of Other Assets - (24.50)%		(434,785,401)
TOTAL NET ASSETS - 100.00%	$	1,774,890,602

The portfolio had the following five top industry concentrations as of September 30, 2007 (as a percentage of total net assets):

Telecommunications Equipment & Services	15.04%
Insurance	10.99%
Electronics	9.18%
Banking	5.31%
Financial Services	4.96%

Investment Quality Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 20.65%
Treasury Inflation Protected
Securities (d) - 5.90%
2.375% due 04/15/2011	$	26,131,056	$	26,300,490
U.S. Treasury Bonds - 14.75%
7.875% due 02/15/2021		17,256,000		22,386,968
8.75% due 08/15/2020		20,150,000		27,709,393
6.00% due 02/15/2026		350,000		396,375
8.125% due 08/15/2021		8,477,000		11,259,177
8.125% due 08/15/2019 ****		3,090,000		4,024,966
				65,776,879
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $89,404,132)			$	92,077,369
U.S. GOVERNMENT AGENCY OBLIGATIONS - 8.26%
Federal Home Loan Bank - 0.59%
5.80% due 09/02/2008		2,595,000		2,621,913
Federal Home Loan Mortgage Corp. - 0.84%
4.00% due 11/15/2019		864,735		781,322
6.30% due 03/15/2023		11,814		11,830
6.50% due 04/01/2029 to 08/01/2034		177,993		181,932
6.625% due 09/15/2009		2,595,000		2,702,282
7.50% due 06/01/2010 to 05/01/2028		58,176		60,624
				3,737,990
Federal National Mortgage
Association - 6.19%
3.125% due 12/15/2007		3,459,000		3,446,046
4.682% due 05/01/2013		1,254,834		1,219,694
4.874% due 02/01/2013		1,699,626		1,673,617
5.00% due 03/01/2019 to 06/01/2019		9,232,168		9,066,351
5.636% due 12/01/2011		1,341,501		1,360,336
5.885% due 11/01/2011		1,029,282		1,053,490
6.051% due 03/01/2012 to 05/01/2012		1,657,714		1,703,539
6.085% due 10/01/2011		951,358		976,236
6.43% due 01/01/2008		239,683		238,828
6.44% due 02/01/2011		2,966,112		3,063,361
6.50% due 02/01/2036		232,604		236,872
6.625% due 09/15/2009		3,400,000		3,540,563

The accompanying notes are an integral part of the financial statements. 

217

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
7.00% due 06/01/2029	$	3,116	$	3,246
				27,582,179
Government National Mortgage
Association - 0.52%
6.00% due 08/15/2008 to 04/15/2035		597,575		603,957
6.50% due 07/15/2008 to 02/15/2035		256,677		263,060
7.00% due 11/15/2031 to 07/15/2033		1,360,612		1,424,507
8.00% due 07/15/2030 to 10/15/2030		22,964		24,430
				2,315,954
Housing & Urban Development - 0.12%
7.498% due 08/01/2011		519,000		547,518
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $38,535,427)			$	36,805,554
FOREIGN GOVERNMENT OBLIGATIONS - 2.48%
Argentina - 0.14%
Republic of Argentina, Series BADL
11.065% due 02/20/2008 (b)	ARS	1,895,300		607,796
Brazil - 2.07%
Federative Republic of Brazil
10.00% due 01/01/2017	BRL	7,850,000		4,033,085
Brazil Notas do Tesouro Nacional Serie F
10.00% due 01/01/2014		9,935,000		5,205,269
				9,238,354
Mexico - 0.27%
Government of Mexico
5.625% due 01/15/2017	$	636,000		634,092
9.00% due 12/24/2009	MXN	6,250,000		587,183
				1,221,275
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $10,012,210)			$	11,067,425
CORPORATE BONDS - 43.79%
Advertising - 0.01%
R.H. Donnelley Corp.
6.875% due 01/15/2013	$	70,000		66,150
Agriculture - 0.30%
Cargill, Inc.
5.60% due 09/15/2012		1,285,000		1,288,734
Mosaic Company
7.375% due 12/01/2014		25,000		26,250
7.625% due 12/01/2016		20,000		21,325
				1,336,309
Air Travel - 0.52%
American Airlines
3.857% due 07/09/2010		138,882		134,409
Continental Airlines, Inc., Series 974A
6.90% due 01/02/2018		761,659		778,797
Continental Airlines, Inc., Series 981A
6.648% due 09/15/2017		573,635		578,855

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Air Travel (continued)
Continental Airlines, Inc., Series A
5.983% due 04/19/2022	$	15,000	$	14,569
Continental Airlines, Inc., Series B
6.903% due 04/19/2022		5,000		4,737
Continental Airlines, Inc., Series ERJ1
9.798% due 04/01/2021		60,527		64,764
Southwest Airlines Company, Series 07-1
6.15% due 08/01/2022		760,000		763,750
				2,339,881
Aluminum - 0.02%
Alcan, Inc.
6.45% due 03/15/2011		81,000		84,675
Novelis, Inc.
7.25% due 02/15/2015		22,000		21,230
				105,905
Auto Parts - 0.04%
TRW Automotive, Inc.
7.00% due 03/15/2014		200,000		194,000
Auto Services - 0.03%
Avis Budget Car Rental LLC
7.625% due 05/15/2014		60,000		58,950
United Rentals North America, Inc.
6.50% due 02/15/2012		70,000		70,875
				129,825
Automobiles - 0.36%
DaimlerChrysler N.A. Holding Corp.
4.75% due 01/15/2008		845,000		842,645
8.50% due 01/18/2031		575,000		712,757
General Motors Corp.
8.375% due 07/15/2033		61,000		53,451
				1,608,853
Banking - 4.75%
Bank of America Corp.
4.375% due 12/01/2010		1,514,000		1,490,188
5.42% due 03/15/2017		4,000,000		3,889,140
Chase Manhattan Corp.
7.00% due 11/15/2009		865,000		898,265
Citicorp
6.375% due 11/15/2008		519,000		527,021
First Republic Bank of San Francisco
7.75% due 09/15/2012		714,000		768,419
First Union National Bank
6.919% due 12/15/2036		500,000		569,593
7.80% due 08/18/2010		1,500,000		1,606,999
HBOS PLC
6.00% due 11/01/2033		710,000		711,076
ICICI Bank, Ltd.,
6.625% due 10/03/2012		410,000		409,656
National Australia Bank, Ltd.
8.60% due 05/19/2010		152,000		166,527
NBD Bancorp
8.25% due 11/01/2024		1,730,000		2,051,766
Republic New York Corp.
9.50% due 04/15/2014		865,000		1,025,128

The accompanying notes are an integral part of the financial statements. 

218

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Royal Bank of Scotland Group PLC
6.40% due 04/01/2009	$	2,379,000	$	2,446,811
RSHB Capital SA for OJSC Russian Agricultural
Bank
6.299% due 05/15/2017		410,000		385,974
7.175% due 05/16/2013		750,000		766,875
Sanwa Bank Ltd., New York Branch
7.40% due 06/15/2011		450,000		483,658
Sovereign Bancorp, Inc.
4.80% due 09/01/2010		195,000		190,511
Standard Chartered PLC
6.40% due 09/26/2017		310,000		310,478
VTB Capital SA
6.25% due 07/02/2035		500,000		489,450
Wachovia Corp.
5.75% due 06/15/2017		2,000,000		2,007,576
				21,195,111
Broadcasting - 0.93%
CanWest Media, Inc.
8.00% due 09/15/2012		40,000		39,200
Clear Channel Communications, Inc.
7.65% due 09/15/2010		1,200,000		1,189,135
Comcast Cable Communications
8.50% due 05/01/2027		1,211,000		1,448,486
Liberty Media Corp.
5.70% due 05/15/2013		26,000		24,290
7.75% due 07/15/2009		285,000		290,798
7.875% due 07/15/2009		31,000		31,905
8.25% due 02/01/2030		18,000		17,640
News America Holdings, Inc.
7.75% due 01/20/2024		622,000		681,234
Viacom, Inc.
6.625% due 05/15/2011		400,000		415,028
				4,137,716
Building Materials & Construction - 0.21%
Ahern Rentals, Inc.
9.25% due 08/15/2013		110,000		105,875
SCL Terminal Aereo Santiago
6.95% due 07/01/2012		832,255		849,507
				955,382
Business Services - 0.28%
Deluxe Corp.
7.375% due 06/01/2015		170,000		167,875
FedEx Corp., Series 981A
6.72% due 01/15/2022		969,883		1,016,438
Harland Clarke Holdings Corp.
9.50% due 05/15/2015		15,000		13,387
Sungard Data Systems, Inc.
9.125% due 08/15/2013		62,000		64,480
				1,262,180
Cable & Television - 2.27%
Cablevision Systems Corp., Series B
8.00% due 04/15/2012		87,000		84,390

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable & Television (continued)
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015	$	25,000	$	25,313
Coleman Cable, Inc.
9.875% due 10/01/2012		50,000		48,625
Comcast Corp.
6.30% due 11/15/2017		1,200,000		1,219,721
6.50% due 11/15/2035		500,000		493,724
Cox Communications, Inc.
5.875% due 12/01/2016		850,000		835,478
7.125% due 10/01/2012		532,000		563,826
CSC Holdings, Inc.
7.625% due 07/15/2018		44,000		42,020
DirecTV Holdings LLC
6.375% due 06/15/2015		35,000		33,206
LIN Television Corp., Series B
6.50% due 05/15/2013		18,000		17,505
Mediacom Broadband LLC
8.50% due 10/15/2015		78,000		78,195
Mediacom LLC/Mediacom Capital Corp.
9.50% due 01/15/2013		26,000		26,325
Quebecor Media, Inc.
7.75% due 03/15/2016		55,000		52,456
7.75% due 03/15/2016		15,000		14,325
Rogers Cable, Inc.
6.25% due 06/15/2013		400,000		405,127
Shaw Communications, Inc.
8.25% due 04/11/2010		31,000		32,240
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012		17,000		17,383
TCI Communications, Inc.
8.75% due 08/01/2015		692,000		802,200
Time Warner Cable, Inc.
5.85% due 05/01/2017		1,895,000		1,842,334
Time Warner, Inc.
7.25% due 10/15/2017		390,000		414,877
7.70% due 05/01/2032		1,298,000		1,425,222
Viacom, Inc.
6.25% due 04/30/2016		757,000		758,993
7.875% due 07/30/2030		800,000		865,622
				10,099,107
Cellular Communications - 0.69%
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		606,000		655,698
8.125% due 05/01/2012		364,000		403,624
8.75% due 03/01/2031		433,000		548,199
Cingular Wireless LLC
7.125% due 12/15/2031		433,000		467,499
Dobson Communications Corp.
8.375% due 11/01/2011		35,000		37,144
Rogers Wireless, Inc.
9.625% due 05/01/2011		178,000		200,513
Vodafone Group PLC
7.75% due 02/15/2010		714,000		753,857
				3,066,534

The accompanying notes are an integral part of the financial statements. 

219

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Chemicals - 0.47%
Agrium, Inc.
7.125% due 05/23/2036	$	750,000	$	762,555
Cytec Industries, Inc.
6.00% due 10/01/2015		1,250,000		1,249,210
Equistar Chemicals LP
10.625% due 05/01/2011		30,000		31,350
IMC Global, Inc.
7.30% due 01/15/2028		22,000		20,900
Lyondell Chemical Company
8.00% due 09/15/2014		10,000		11,000
Terra Capital Inc, Series B
7.00% due 02/01/2017		15,000		14,625
				2,089,640
Coal - 0.08%
Peabody Energy Corp.
6.875% due 03/15/2013		74,000		74,740
7.375% due 11/01/2016		290,000		305,950
				380,690
Commercial Services - 0.03%
Aramark Services, Inc.
8.50% due 02/01/2015		65,000		66,300
Rental Service Corp.
9.50% due 12/01/2014		75,000		71,625
				137,925
Computers & Business Equipment - 0.17%
Xerox Corp.
5.50% due 05/15/2012		270,000		267,418
6.40% due 03/15/2016		400,000		404,948
7.20% due 04/01/2016		70,000		73,025
				745,391
Containers & Glass - 0.11%
Owens-Brockway Glass Container, Inc.
8.25% due 05/15/2013		109,000		112,815
Pactiv Corp.
5.875% due 07/15/2012		360,000		364,502
				477,317
Correctional Facilities - 0.07%
Corrections Corp. of America
6.25% due 03/15/2013		10,000		9,850
6.75% due 01/31/2014		300,000		299,625
				309,475
Crude Petroleum & Natural Gas - 0.29%
Atmos Energy Corp.
6.35% due 06/15/2017		195,000		198,094
Burlington Resources Finance Company
7.40% due 12/01/2031		541,000		619,457
Chesapeake Energy Corp.
6.50% due 08/15/2017		65,000		63,213
6.625% due 01/15/2016		298,000		296,510
6.875% due 01/15/2016		5,000		5,000
7.50% due 09/15/2013		22,000		22,605
OPTI Canada, Inc.
7.875% due 12/15/2014		45,000		45,000

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Crude Petroleum & Natural Gas
(continued)
PetroHawk Energy Corp.
9.125% due 07/15/2013	$	35,000	$	36,925
				1,286,804
Domestic Oil - 0.35%
Delta Petroleum Corp.
7.00% due 04/01/2015		35,000		29,750
Exco Resources, Inc.
7.25% due 01/15/2011		26,000		25,870
Motiva Enterprises LLC
5.20% due 09/15/2012		952,000		954,932
Valero Energy Corp.
8.75% due 06/15/2030		403,000		504,148
Whiting Petroleum Corp.
7.00% due 02/01/2014		22,000		21,120
7.25% due 05/01/2013		22,000		21,450
				1,557,270
Drugs & Health Care - 0.05%
Allegiance Corp.
7.00% due 10/15/2026		87,000		92,694
Rite Aid Corp.
8.125% due 05/01/2010		117,000		117,293
				209,987
Electrical Utilities - 3.38%
AES Corp.
9.00% due 05/15/2015		96,000		100,800
Avista Corp.
9.75% due 06/01/2008		113,000		116,204
Baltimore Gas & Electric Company
6.35% due 10/01/2036		250,000		247,125
Carolina Power & Light Company
6.50% due 07/15/2012		1,254,000		1,315,265
CMS Energy Corp.
8.50% due 04/15/2011		26,000		27,922
Commonwealth Edison Company
5.95% due 08/15/2016		400,000		398,633
6.15% due 03/15/2012		273,000		280,268
Dynegy Holdings, Inc.
7.125% due 05/15/2018		35,000		31,937
Edison Mission Energy
7.75% due 06/15/2016		30,000		31,050
Enel Finance International SA
6.80% due 09/15/2037		1,155,000		1,176,111
Exelon Generation Company, LLC
6.95% due 06/15/2011		550,000		575,993
Georgia Power Company
5.25% due 12/15/2015		250,000		243,024
New York State Electric & Gas Corp.
5.75% due 05/01/2023		476,000		448,519
Northern States Power Company
6.50% due 03/01/2028		433,000		453,656
NSTAR
8.00% due 02/15/2010		1,730,000		1,836,872
Ohio Edison Company
4.00% due 05/01/2008		728,000		722,009

The accompanying notes are an integral part of the financial statements. 

220

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Old Dominion Electric Cooperative
6.25% due 06/01/2011	$	904,000	$	944,507
Pacificorp
6.375% due 05/15/2008		865,000		871,638
Pacificorp Australia LLC
6.15% due 01/15/2008		714,000		716,912
PSEG Power LLC
8.625% due 04/15/2031		511,000		631,041
Puget Sound Energy, Inc.
7.00% due 03/09/2029		346,000		366,224
Reliant Energy, Inc.
6.75% due 12/15/2014		41,000		41,410
Southern California Edison Company
6.00% due 01/15/2034		649,000		638,979
TXU Corp., Series O
4.80% due 11/15/2009		276,000		278,417
TXU Corp., Series P
5.55% due 11/15/2014		109,000		87,910
Union Electric Company
6.40% due 06/15/2017		1,570,000		1,617,945
Wisconsin Electric Power Company
6.50% due 06/01/2028		606,000		635,067
Wisconsin Energy Corp.
6.20% due 04/01/2033		217,000		216,503
				15,051,941
Electronics - 0.15%
Avnet, Inc.
6.625% due 09/15/2016		600,000		605,810
L-3 Communications Corp., Series B
6.375% due 10/15/2015		25,000		24,563
Sanmina-SCI Corp.
8.44438% due 06/15/2010 (b)		50,000		49,500
				679,873
Energy - 0.69%
Abu Dhabi National Energy Company
5.875% due 10/27/2016		500,000		498,448
6.50% due 10/27/2036		950,000		940,394
Aquila, Inc.
9.95 due 02/01/2011		70,000		76,248
11.875% due 07/01/2012		30,000		37,800
Dynegy Holdings, Inc.
8.375% due 05/01/2016		50,000		50,250
Midamerican Funding LLC
6.75% due 03/01/2011		865,000		916,167
Mirant North America LLC
7.375% due 12/31/2013		65,000		65,975
NRG Energy, Inc.
7.25% due 02/01/2014		35,000		35,088
7.375% due 02/01/2016		20,000		20,050
7.375% due 01/15/2017		25,000		25,000
XTO Energy Inc
6.75% due 08/01/2037		380,000		396,503
				3,061,923

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services - 11.16%
AGFC Capital Trust I
6.00% due 01/15/2067 (b)	$	860,000	$	805,854
American Financial Group, Inc.
7.125% due 04/15/2009		295,000		304,899
American General Finance Corp.
5.375% due 10/01/2012		346,000		340,563
Arch Western Finance LLC
6.75% due 07/01/2013		69,000		67,620
Associates Corp. of North America
8.55% due 07/15/2009		519,000		547,818
Bear Stearns Companies, Inc.
6.40% due 10/02/2017		2,025,000		2,016,003
Beneficial Corp.
8.40% due 05/15/2008		303,000		309,673
BTM (Curacao) Holdings NV
4.76% due 07/21/2015 (b)		480,000		468,568
Capital One Capital IV
6.745% due 02/17/2037 (b)		400,000		356,702
Capmark Financial Group, Inc.
5.875% due 05/10/2012		935,000		851,527
6.30% due 05/10/2017		220,000		191,466
CIT Group, Inc.
5.60% due 04/27/2011		750,000		730,600
Citigroup, Inc.
4.875% due 05/07/2015		1,989,000		1,894,200
5.50% due 08/27/2012		1,525,000		1,541,946
6.00% due 08/15/2017		1,005,000		1,028,339
Countrywide Financial Corp.
4.50% due 06/15/2010		210,000		189,262
5.80% due 06/07/2012		1,380,000		1,293,453
6.25% due 05/15/2016		420,000		380,085
Countrywide Home Loan
4.00% due 03/22/2011		290,000		259,659
Discover Financial Services
6.45% due 06/12/2017		885,000		858,575
E*Trade Financial Corp.
7.375% due 09/15/2013		28,000		26,180
8.00% due 06/15/2011		42,000		41,790
Eaton Vance Corp.
6.50% due 10/02/2017		470,000		469,351
Equitable Companies, Inc.
7.00% due 04/01/2028		865,000		940,961
Erac USA Finance Company
8.00% due 01/15/2011		1,816,000		1,957,928
Farmers Exchange Capital
7.05% due 07/15/2028		425,000		423,239
Ford Motor Credit Company
6.625% due 06/16/2008		40,000		39,698
7.00% due 10/01/2013		119,000		107,540
General Electric Capital Corp.
6.125% due 02/22/2011		433,000		446,229
6.75% due 03/15/2032		2,141,000		2,357,183
General Motors Acceptance Corp.
6.875% due 09/15/2011		432,000		411,119
8.00% due 11/01/2031		535,000		524,879

The accompanying notes are an integral part of the financial statements. 

221

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Goldman Sachs Group, Inc.
5.625% due 01/15/2017	$	3,575,000	$	3,468,640
6.75% due 10/01/2037		1,240,000		1,244,338
6.875% due 01/15/2011		692,000		724,257
International Lease Finance Corp.
5.625% due 09/15/2010		670,000		667,027
Janus Capital Group, Inc.
6.25% due 06/15/2012		305,000		309,204
JP Morgan Chase & Company
5.375% due 10/01/2012		1,050,000		1,051,124
JP Morgan Chase Capital XV
5.875% due 03/15/2035		433,000		388,996
KAR Holdings, Inc.
10.00% due 05/01/2015		35,000		32,813
Lazard Group
6.85% due 06/15/2017		1,840,000		1,810,429
Lehman Brothers Holdings, Inc.
7.00% due 09/27/2027		1,695,000		1,735,489
Lehman Brothers Holdings, Inc., Series MTN
6.20% due 09/26/2014		2,275,000		2,284,011
Merrill Lynch & Company, Inc.
5.70% due 05/02/2017		950,000		923,622
6.11% due 01/29/2037		1,475,000		1,388,280
6.40% due 08/28/2017		1,300,000		1,341,328
Mizuho Financial Group, Cayman
5.79% due 04/15/2014		779,000		772,951
Morgan Stanley
4.75% due 04/01/2014 (c)		649,000		609,619
5.55% due 04/27/2017 (c)		285,000		276,515
6.25% due 08/28/2017 (c)		670,000		684,203
6.75% due 04/15/2011 (c)		684,000		714,869
Morgan Stanley Dean Witter
6.60% due 04/01/2012		865,000		898,380
NiSource Finance Corp.
6.40% due 03/15/2018		385,000		387,827
Sun Canada Financial Company
7.25% due 12/15/2015		1,471,000		1,599,174
Sunamerica, Inc.
8.125% due 04/28/2023		865,000		1,028,337
TIAA Global Markets
4.125% due 11/15/2007		640,000		639,097
UFJ Finance Aruba AEC
6.75% due 07/15/2013		714,000		738,996
United States Bancorp Oregon
7.50% due 06/01/2026		1,624,000		1,844,041
				49,746,476
Food & Beverages - 0.75%
Cia Brasileira de Bebidas
8.75% due 09/15/2013		879,000		1,007,554
Kraft Foods, Inc.
5.625% due 11/01/2011		390,000		392,446
6.50% due 11/01/2031		1,064,000		1,046,146
Smithfield Foods, Inc., Series B
7.75% due 05/15/2013		35,000		35,700

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Food & Beverages (continued)
Tyson Foods, Inc.
6.60% due 04/01/2016	$	400,000	$	412,207
YUM Brands, Inc.
7.65% due 05/15/2008		463,000		469,268
				3,363,321
Forest Products - 0.22%
Weyerhaeuser Company
6.75% due 03/15/2012		692,000		718,422
7.95% due 03/15/2025		260,000		279,724
				998,146
Funeral Services - 0.01%
Service Corp. International
7.375% due 10/01/2014		10,000		10,275
7.625% due 10/01/2018		20,000		20,750
				31,025
Gas & Pipeline Utilities - 0.22%
El Paso Natural Gas
5.95% due 04/15/2017		85,000		83,014
Kinder Morgan Energy Partners LP
7.125% due 03/15/2012		692,000		729,695
Kinder Morgan Finance Company, ULC
5.70% due 01/05/2016		70,000		63,626
Williams Companies, Inc.
7.125% due 09/01/2011		87,000		90,154
8.125% due 03/15/2012		34,000		36,635
				1,003,124
Healthcare Products - 0.01%
Universal Hospital Services, Inc., PIK
8.50% due 06/01/2015		25,000		24,750
Healthcare Services - 0.01%
DaVita, Inc.
6.625% due 03/15/2013		13,000		12,902
7.25% due 03/15/2015		13,000		13,033
				25,935
Homebuilders - 0.65%
Centex Corp.
7.875% due 02/01/2011		865,000		863,659
D.R. Horton, Inc.
6.50% due 04/15/2016		375,000		328,463
7.875% due 08/15/2011		825,000		808,663
9.75% due 09/15/2010		91,000		90,444
KB Home
6.375% due 08/15/2011		5,000		4,600
Pulte Homes, Inc.
8.125% due 03/01/2011		805,000		777,067
Standard Pacific Corp.
6.50% due 10/01/2008		15,000		13,350
				2,886,246
Hotels & Restaurants - 0.06%
Buffalo Thunder Development Authority
9.375% due 12/15/2014		85,000		79,900

The accompanying notes are an integral part of the financial statements. 

222

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Hotels & Restaurants (continued)
Wyndham Worldwide Corp.
6.00% due 12/01/2016	$	185,000	$	179,165
				259,065
Household Products - 0.24%
Procter & Gamble, Series A
9.36% due 01/01/2021		856,422		1,065,894
Industrials - 0.00%
Goodman Global Holding Company, Inc.
7.875% due 12/15/2012		5,000		4,913
Insurance - 4.11%
AAG Holding Company, Inc.
6.875% due 06/01/2008		1,479,000		1,485,910
ACE Capital Trust II
9.70% due 04/01/2030		752,000		976,412
Ace INA Holdings, Inc.
5.70% due 02/15/2017		160,000		157,900
Allied World Assurance Holdings, Ltd.
7.50% due 08/01/2016		485,000		508,482
Equitable Life Assurance Society
7.70% due 12/01/2015		680,000		764,438
Everest Reinsurance Holdings, Inc.
6.50% due 05/15/2037 (b)		1,475,000		1,368,070
8.75% due 03/15/2010		596,000		644,038
Fidelity National Title Group, Inc.
7.30% due 08/15/2011		519,000		550,862
Hartford Financial Services Group, Inc.
7.90% due 06/15/2010		173,000		186,687
Jackson National Life Insurance Company
8.15% due 03/15/2027		1,298,000		1,542,449
Liberty Mutual Insurance Company
7.697% due 10/15/2097		2,000,000		1,938,752
MetLife, Inc.
5.70% due 06/15/2035		692,000		639,426
Metropolitan Life Global Mountain
4.25% due 07/30/2009		500,000		494,486
Nationwide Mutual Insurance Company
8.25% due 12/01/2031		865,000		1,042,069
Navigators Group, Inc.
7.00% due 05/01/2016		204,000		209,802
Ohio National Life Insurance Company
8.50% due 05/15/2026		995,000		1,141,139
Premium Asset Trust
4.125% due 03/12/2009		563,000		541,440
Principal Life Global Funding I
6.125% due 10/15/2033		697,000		690,268
Reinsurance Group of America, Inc.
6.75% due 12/15/2011		865,000		898,944
Unitrin, Inc.
6.00% due 05/15/2017		705,000		685,519
UnumProvident Finance Company, PLC
6.85% due 11/15/2015		390,000		397,753
W.R. Berkley Corp.
5.125% due 09/30/2010		346,000		349,051
5.60% due 05/15/2015		377,000		369,400

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
Willis North America, Inc.
6.20% due 03/28/2017	$	730,000	$	724,324
				18,307,621
International Oil - 0.24%
Canadian Natural Resources, Ltd.
6.45% due 06/30/2033		238,000		234,503
Canadian Oil Sands
7.90% due 09/01/2021		465,000		519,975
Newfield Exploration Company
6.625% due 04/15/2016		25,000		24,437
Pioneer Natural Resources Company
6.65% due 03/15/2017		260,000		243,065
6.875% due 05/01/2018		35,000		32,864
				1,054,844
Leisure Time - 0.30%
AMC Entertainment, Inc.
11.00% due 02/01/2016		40,000		42,600
Harrah's Operating Company, Inc.
6.50% due 06/01/2016		700,000		570,500
Majestic Star Casino LLC
9.75% due 01/15/2011		65,000		54,600
MGM MIRAGE
6.00% due 10/01/2009		300,000		297,750
OED Corp./ Diamond Jo
8.75% due 04/15/2012		55,000		54,862
Park Place Entertainment Corp.
8.125% due 05/15/2011		156,000		159,120
Seneca Gaming Corp.
7.25% due 05/01/2012		45,000		45,338
Station Casinos, Inc.
6.00% due 04/01/2012		35,000		33,250
6.875% due 03/01/2016		14,000		12,180
Wynn Las Vegas LLC
6.625% due 12/01/2014		61,000		59,780
				1,329,980
Liquor - 0.29%
Constellation Brands, Inc.
7.25% due 09/01/2016		35,000		35,000
7.25% due 05/15/2017		35,000		35,000
Miller Brewing Company
5.50% due 08/15/2013		1,145,000		1,122,250
Molson Coors Capital Financial
4.85% due 09/22/2010		113,000		111,265
				1,303,515
Manufacturing - 0.07%
Tyco International Group SA
6.75% due 02/15/2011		300,000		316,229
Medical-Hospitals - 0.32%
Community Health Systems, Inc.
8.875% due 07/15/2015		35,000		35,962
HCA, Inc.
6.375% due 01/15/2015		15,000		12,788
7.875% due 02/01/2011		130,000		127,725
9.625% due 11/15/2016		80,000		85,400

The accompanying notes are an integral part of the financial statements. 

223

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Medical-Hospitals (continued)
Quest Diagnostics, Inc.
5.45% due 11/01/2015	$	450,000	$	433,201
6.95% due 07/01/2037		635,000		653,582
Tenet Healthcare Corp.
9.875% due 07/01/2014		80,000		73,200
				1,421,858
Metal & Metal Products - 0.05%
Inco, Ltd.
5.70% due 10/15/2015		217,000		211,814
Mining - 0.17%
Corporacion Nacional Del Cobre de Chile -
CODELCO
6.375% due 11/30/2012		615,000		640,591
Freeport-McMoRan Copper & Gold, Inc.
8.25% due 04/01/2015		35,000		37,800
8.375% due 04/01/2017		85,000		92,862
				771,253
Newspapers - 0.18%
News America Holdings, Inc.
9.25% due 02/01/2013		701,000		811,872
Office Furnishings & Supplies - 0.01%
IKON Office Solutions, Inc.
7.75% due 09/15/2015		35,000		35,175
Paper - 0.12%
Alto Parana SA
6.375% due 06/09/2017		245,000		247,352
Georgia-Pacific Corp.
7.00% due 01/15/2015		120,000		117,000
Temple-Inland, Inc.
6.625% due 01/15/2018		200,000		194,867
				559,219
Petroleum Services - 0.43%
Halliburton Company
5.50% due 10/15/2010		593,000		599,886
Noram Energy Corp.
6.50% due 02/01/2008		492,000		492,188
Petroleum Export, Ltd.
5.265% due 06/15/2011		355,959		353,813
Pride International, Inc.
7.375% due 07/15/2014		35,000		35,875
Tesoro Corp.
6.50% due 06/01/2017		425,000		421,813
				1,903,575
Pharmaceuticals - 0.33%
AmerisourceBergen Corp.
5.875% due 09/15/2015		1,260,000		1,232,314
Elan Finance PLC/Elan Finance Corp.
7.75% due 11/15/2011		75,000		73,500
8.875% due 12/01/2013		75,000		73,688
Mylan Laboratories, Inc.
5.75% due 08/15/2010		5,000		5,156
6.375% due 08/15/2015		26,000		27,917

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Pharmaceuticals (continued)
Omnicare, Inc.
6.75% due 12/15/2013	$	20,000	$	18,650
6.875% due 12/15/2015		30,000		27,750
				1,458,975
Publishing - 0.21%
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		48,000		45,120
8.00% due 11/15/2013		55,000		55,412
E.W. Scripps Company
6.625% due 10/15/2007		433,000		433,068
Idearc, Inc.
8.00% due 11/15/2016		155,000		154,613
Medianews Group, Inc.
6.375% due 04/01/2014		40,000		29,600
Scholastic Corp.
5.00% due 04/15/2013		230,000		201,503
				919,316
Railroads & Equipment - 0.01%
American Railcar Industries, Inc.
7.50% due 03/01/2014		25,000		24,875
Real Estate - 2.74%
AMB Property LP, REIT
5.45% due 12/01/2010		255,000		252,951
7.50% due 06/30/2018		364,000		396,550
Archstone-Smith Trust, REIT
5.75% due 03/15/2016		475,000		468,809
AvalonBay Communities, Inc., REIT
5.50% due 01/15/2012		800,000		799,819
Brandywine Operating Partnership LP, REIT
5.70% due 05/01/2017		825,000		771,212
Developers Diversified Realty Corp., REIT
4.625% due 08/01/2010		110,000		108,452
5.00% due 05/03/2010		45,000		44,994
Duke Realty Corp. LP, REIT
5.25% due 01/15/2010		480,000		478,594
Equity One, Inc., REIT
6.00% due 09/15/2017		700,000		664,443
Health Care Property Investors, Inc., REIT
5.65% due 12/15/2013		750,000		724,469
7.072 due 06/08/2015		433,000		437,863
Healthcare Realty Trust, Inc., REIT
8.125% due 05/01/2011		1,298,000		1,390,421
Host Hotels & Resorts LP, REIT
6.875% due 11/01/2014		15,000		14,963
Kimco Realty Corp., REIT
5.584% due 11/23/2015		410,000		397,725
Liberty Property LP, REIT
6.625% due 10/01/2017		210,000		209,608
7.25% due 03/15/2011		725,000		754,887
Realty Income Corp., REIT
6.75% due 08/15/2019		1,305,000		1,307,085
Regency Centers LP, REIT
7.95% due 01/15/2011		606,000		650,323

The accompanying notes are an integral part of the financial statements. 

224

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
Rouse Company LP, REIT
6.75% due 05/01/2013	$	40,000	$	39,237
United Dominion Realty Trust, Inc., REIT
5.25% due 01/15/2016		433,000		412,493
6.05% due 06/01/2013		750,000		756,857
Ventas Realty LP/Ventas Capital Corp., REIT
6.625% due 10/15/2014		300,000		299,250
6.75% due 06/01/2010		13,000		13,163
7.125% due 06/01/2015		22,000		22,440
Westfield Group
5.40% due 10/01/2012		800,000		790,818
				12,207,426
Retail - 0.29%
CVS Caremark Corp.
5.75% due 06/01/2017		655,000		639,313
6.125% due 08/15/2016		650,000		649,722
				1,289,035
Retail Grocery - 0.17%
Kroger Company
6.75% due 04/15/2012		671,000		705,605
Pathmark Stores, Inc.
8.75% due 02/01/2012		57,000		57,000
				762,605
Retail Trade - 0.48%
Federated Department Stores, Inc.
6.90% due 04/01/2029		519,000		488,107
Lazy Days RV Center, Inc.
11.75% due 05/15/2012		57,000		51,585
Macys Retail Holdings, Inc.
5.875% due 01/15/2013		1,600,000		1,593,579
				2,133,271
Sanitary Services - 0.01%
Allied Waste North America, Inc.
6.50% due 11/15/2010		25,000		25,187
Allied Waste North America, Inc., Series B
5.75% due 02/15/2011		35,000		34,388
				59,575
Semiconductors - 0.02%
Freescale Semiconductor, Inc., PIK
9.125% due 12/15/2014		85,000		78,625
Software - 0.07%
Intuit, Inc.
5.40% due 03/15/2012		315,000		313,393
Steel - 0.01%
International Steel Group, Inc.
6.50% due 04/15/2014		30,000		29,788
Telecommunications Equipment &
Services - 1.04%
AT&T, Inc.
6.50% due 09/01/2037		1,900,000		1,959,084
Bellsouth Corp.
4.75% due 11/15/2012		973,000		946,392

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services (continued)
Citizens Communications Company
9.25% due 05/15/2011	$	83,000	$	90,055
Deutsche Telekom International Finance BV
8.25% due 06/15/2030		1,190,000		1,456,754
GCI, Inc.
7.25% due 02/15/2014		65,000		60,125
Intelsat Bermuda, Ltd.
9.25% due 06/15/2016		45,000		46,688
Intelsat Subsidiary Holding Company, Ltd.
8.25% due 01/15/2013		18,000		18,270
8.63% due 01/15/2015		63,000		64,260
PanAmSat Corp.
9.00% due 08/15/2014		12,000		12,360
				4,653,988
Telephone - 1.93%
Ameritech Capital Funding Corp.
6.45% due 01/15/2018		952,000		989,452
British Telecommunications PLC
8.625% due 12/15/2010		519,000		571,391
Qwest Corp.
7.50% due 10/01/2014		80,000		83,200
Sprint Capital Corp.
7.625% due 01/30/2011		1,220,000		1,293,600
8.375% due 03/15/2012		750,000		825,776
8.75% due 03/15/2032		400,000		458,696
Telecom Italia Capital SA
6.00% due 09/30/2034		1,341,000		1,246,881
6.375% due 11/15/2033		300,000		289,525
Telefonica Emisones SAU
7.045% due 06/20/2036		575,000		612,479
Verizon Communications, Inc.
5.55% due 02/15/2016		1,120,000		1,108,931
8.75% due 11/01/2021		865,000		1,072,033
Windstream Corp.
8.125% due 08/01/2013		10,000		10,525
8.625% due 08/01/2016		60,000		63,975
				8,626,464
Tobacco - 0.32%
Alliance One International, Inc.
11.00% due 05/15/2012		48,000		51,000
Altria Group, Inc.
7.00% due 11/04/2013		926,000		1,006,308
Reynolds American, Inc.
7.25% due 06/01/2013		295,000		311,434
7.30% due 07/15/2015		44,000		46,621
				1,415,363
Transportation - 0.29%
DP World, Ltd.
6.85% due 07/02/2037		1,300,000		1,290,831
TOTAL CORPORATE BONDS (Cost $193,982,869)			$	195,184,569

The accompanying notes are an integral part of the financial statements. 

225

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
MUNICIPAL BONDS - 1.18%
Arizona - 0.20%
Phoenix Arizona Civic Improvement Corp.
6.30% due 07/01/2008	$	875,000	$	885,334
California - 0.28%
Southern California Public Power Authority Project,
Series B
6.93% due 05/15/2017		1,125,000		1,264,725
Florida - 0.22%
Miami Beach Florida Redevelopment Agency Tax
Increment Revenue
8.95% due 12/01/2022		865,000		994,032
Indiana - 0.03%
Indiana Bond Bank Revenue
5.02% due 01/15/2016		120,000		116,044
Maryland - 0.06%
Maryland State Transportation Authority, Ltd.
5.84% due 07/01/2011		260,000		268,364
Michigan - 0.26%
Detroit Michigan Downtown Development Authority
6.20% due 07/01/2008		1,155,000		1,167,798
New Jersey - 0.03%
Jersey City, NJ, Municipal Utilities Authority
4.55% due 05/15/2012		130,000		126,305
New York - 0.10%
Sales Tax Asset Receivable Corp., Series B
4.25% due 10/15/2011		435,000		423,516
TOTAL MUNICIPAL BONDS (Cost $5,221,296)			$	5,246,118
COLLATERALIZED MORTGAGE
OBLIGATIONS - 12.49%
American Tower Trust, Series 2007-1A, Class AFX
5.419% due 04/15/2037		800,000		801,936
Banc of America Commercial Mortgage, Inc, Series
2006-2, Class A4
5.7401% due 05/10/2045 (b)		2,500,000		2,548,052
Banc of America Commercial Mortgage, Inc.,
Series 2002-PB2 Class A4
6.186% due 06/11/2035		2,594,203		2,693,408
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2003-T12, Class A4
4.68% due 08/13/2039		2,594,203		2,511,563
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR9, Class A4A
4.871% due 09/11/2042		1,405,000		1,353,057
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW12, Class AM
5.7499% due 09/11/2038 (b)		2,000,000		2,008,235
Chase Commercial Mortgage Securities Corp.,
Series 1998-1, Class A2
6.56% due 05/18/2030		1,340,675		1,342,935
Chase Commercial Mortgage Securities Corp.,
Series 1998-2, Class A2
6.39% due 11/18/2030		1,920,012		1,937,371

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial Mortgage Asset Trust, Series
1999-C1, Class A3
6.64% due 01/17/2032	$	2,500,842	$	2,548,549
Commercial Mortgage Pass Through Certificates,
Series 2006-C7, Class A4
5.7684% due 06/10/2046 (b)		2,000,000		2,042,861
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class A3
5.467% due 09/15/2039		2,500,000		2,482,220
Diversified REIT Trust, Series 2000-1A, Class B
6.971% due 03/08/2010		2,000,000		2,039,000
First Union - Chase Commercial Mortgage,
Series 1999-C2, Class A2
6.645% due 06/15/2031		2,237,768		2,274,383
General Electric Capital Assurance Company,
Series 2003-1, Class A5
5.743% due 05/12/2035 (b)		570,725		581,273
Government National Mortgage Association, Series
2006-38, Class XS
1.50% IO due 09/16/2035 (b)		555,663		39,852
GS Mortgage Securities Corp. II, Series 2006-GG6,
Class A4
5.553% due 04/10/2038 (b)		2,500,000		2,508,636
GS Mortgage Securities Corp. II,
Series 2006-GG8, Class A4
5.56% due 11/10/2039 (b)		2,250,000		2,251,684
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2007-CB18, Class A4
5.44% due 06/12/2047		2,250,000		2,219,063
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-CB14, Class A4
5.481% due 12/12/2044 (b)		1,500,000		1,496,878
LB-UBS Commercial Mortgage Trust, Series
2005-C5, Class A4
4.954% due 09/15/2030		1,500,000		1,450,466
LB-UBS Commercial Mortgage Trust,
Series 2001-C7, Class A3
5.642% due 12/15/2025		1,249,698		1,262,275
LB-UBS Commercial Mortgage Trust,
Series 2002-C1,Class A4
6.462% due 03/15/2031		1,297,102		1,362,509
LB-UBS Commercial Mortgage Trust,
Series 2006-C4, Class A4
6.0809% due 06/15/2038 (b)		1,700,000		1,749,823
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class A4
5.6589% due 05/12/2039 (b)		2,000,000		2,030,344
Morgan Stanley Capital I, Inc., Series 1998-WF2,
Class A2
6.54% due 07/15/2030 (b)		479,450		480,287
Morgan Stanley Capital I, Inc., Series 1999-WF1,
Class A2
6.21% due 11/15/2031 (b)		2,093,849		2,105,515
Morgan Stanley Capital I, Series 2007-HQ11,
Class A4
5.447% due 02/12/2044 (b)		2,095,000		2,067,248

The accompanying notes are an integral part of the financial statements. 

226

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Morgan Stanley Dean Witter Capital I, Series
2001-TOP5, Class A4
6.39% due 10/15/2035	$	1,729,469	$	1,805,479
Morgan Stanley Dean Witter Capital I,
Series 2001, Class A4
6.39% due 07/15/2033		726,377		756,484
Morgan Stanley Dean Witter
Capital I, Series 2002-TOP7, Class A2
5.98% due 01/15/2039		259,421		267,402
Nomura Asset Securities Corp.,
Series 1998-D6, Class A1B
6.59% due 03/15/2030		2,172,422		2,180,430
Prudential Commercial Mortgage Trust,
Series 2003-PWR1, Class A2
4.493% due 02/11/2036		2,594,203		2,497,272
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $56,347,216)			$	55,696,490
ASSET BACKED SECURITIES - 3.09%
AESOP Funding II LLC, Series 2003-4, Class A
2.86% due 08/20/2009		1,505,000		1,481,139
Capital One Multi-Asset Execution Trust,
Series 2003-A4, Class A4
3.65% due 07/15/2011		2,660,000		2,627,936
Carmax Auto Owner Trust, Series 2004-2, Class A4
3.46% due 09/15/2011		1,942,000		1,916,362
Dominos Pizza Master Issuer LLC,
Series 2007-1, Class A2
5.261% due 04/25/2037		900,000		891,963
Ford Credit Auto Owner Trust, Series 2005-C,
Class A4
4.36% due 06/15/2010		1,786,000		1,770,352
Harley-Davidson Motorcycle Trust,
Series 2005-1, Class A2
3.76% due 12/17/2012		2,407,994		2,369,785
Massachusetts RRB Special Purpose Trust,
Series 2001-1, Class A
6.53% due 06/01/2015		501,479		527,416
Merrill Lynch First Franklin Mortgage Loan, Series
2007-3, Class B1
6.4813% due 06/25/2037 (b)		265,000		115,631
Peco Energy Transition Trust,
Series 2001-A, Class A1
6.52% due 12/31/2010		217,000		226,849
WFS Financial Owner Trust,
Series 2005-2, Class A4
4.39% due 11/19/2012		1,855,000		1,844,600
TOTAL ASSET BACKED SECURITIES
(Cost $13,991,099)			$	13,772,033
SHORT TERM INVESTMENTS - 0.25%
Bank Negara Malaysia Monetary Notes-Islamic,
Series 4707
zero coupon due 11/29/2007	MYR	3,900,000	$	1,136,047
TOTAL SHORT TERM INVESTMENTS
(Cost $1,104,603)			$	1,136,047

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 7.99%
Merrill Lynch Tri-Party Repurchase
Agreement dated 09/28/2007 at
5.10% to be repurchased at
$35,615,130 on 10/01/2007,
collateralized by $24,389,160
Federal National Mortgage
Association, 5.50% due
02/01/2021 (valued at
$19,829,695, including interest)
and $8,575,000 Federal National
Mortgage Association, 5.50% due
09/01/2035 (valued at $6,843,417,
including interest) and $9,672,668
Federal National Mortgage
Association, 6.00% due
08/01/2037 (valued at $9,640,108,
including interest)	$	35,600,000	$	35,600,000
TOTAL REPURCHASE AGREEMENTS
(Cost $35,600,000)			$	35,600,000
Total Investments (Investment Quality Bond Trust)
(Cost $444,198,852) - 100.18%			$	446,585,605
Liabilities in Excess of Other Assets - (0.18)%				(820,067)
TOTAL NET ASSETS - 100.00%			$	445,765,538
Large Cap Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.18%
Advertising - 1.07%
Omnicom Group, Inc.		158,450	$	7,619,861
Apparel & Textiles - 0.52%
Coach, Inc. *		77,400		3,658,698
Auto Parts - 3.40%
BorgWarner, Inc.		103,731		9,494,499
Johnson Controls, Inc.		124,073		14,654,262
				24,148,761
Automobiles - 1.04%
PACCAR, Inc.		86,300		7,357,075
Banking - 1.77%
City National Corp.		44,400		3,086,244
Fifth Third Bancorp		279,705		9,476,405
				12,562,649
Biotechnology - 3.11%
Amgen, Inc. *		44,000		2,489,080
Cephalon, Inc. *		39,297		2,871,039
Genzyme Corp. *		180,598		11,189,852
Millennium Pharmaceuticals, Inc. *		343,000		3,481,450
Millipore Corp. *		26,700		2,023,860
				22,055,281

The accompanying notes are an integral part of the financial statements. 

227

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Broadcasting - 1.00%
News Corp., Class A	321,400	$	7,067,586
Building Materials & Construction - 1.48%
Masco Corp.	453,722		10,512,739
Business Services - 0.84%
R.H. Donnelley Corp. *	106,310		5,955,486
Cable & Television - 1.54%
Comcast Corp., Class A *	218,200		5,276,076
Viacom, Inc., Class B *	145,600		5,674,032
			10,950,108
Coal - 0.65%
Peabody Energy Corp.	96,200		4,605,094
Computers & Business Equipment - 1.00%
Dell, Inc. *	257,900		7,118,040
Crude Petroleum & Natural Gas - 0.86%
EOG Resources, Inc.	84,300		6,097,419
Drugs & Health Care - 1.98%
Wyeth	316,182		14,085,908
Electrical Utilities - 4.43%
American Electric Power Company, Inc.	140,057		6,453,827
Exelon Corp.	284,087		21,408,796
Northeast Utilities	20,600		588,542
Pepco Holdings, Inc.	109,519		2,965,774
			31,416,939
Energy - 1.09%
Sempra Energy	132,886		7,723,334
Financial Services - 16.15%
Bank of New York Mellon Corp.	351,176		15,500,909
Citigroup, Inc.	551,066		25,718,250
Discover Financial Services *	179,843		3,740,734
Federal Home Loan Mortgage Corp.	117,955		6,960,524
JP Morgan Chase & Company	268,101		12,284,388
Morgan Stanley	344,487		21,702,681
PNC Financial Services Group, Inc.	87,996		5,992,528
Wells Fargo & Company	636,422		22,669,352
			114,569,366
Food & Beverages - 2.12%
Constellation Brands, Inc., Class A *	237,900		5,759,559
Sysco Corp.	260,523		9,272,014
			15,031,573
Gas & Pipeline Utilities - 0.45%
NiSource, Inc.	167,102		3,198,332
Healthcare Products - 2.36%
Johnson & Johnson	139,492		9,164,624
Medtronic, Inc.	134,666		7,596,509
			16,761,133
Healthcare Services - 2.10%
Medco Health Solutions, Inc. *	82,850		7,488,811

Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services (continued)
UnitedHealth Group, Inc.	153,367	$	7,427,564
			14,916,375
Holdings Companies/Conglomerates - 2.72%
General Electric Company	466,400		19,308,960
Household Products - 0.90%
Fortune Brands, Inc.	78,800		6,421,412
Insurance - 2.55%
AFLAC, Inc.	84,800		4,836,992
Allstate Corp.	109,800		6,279,462
Hartford Financial Services Group, Inc.	75,762		7,011,773
			18,128,227
International Oil - 1.73%
Chevron Corp.	56,700		5,305,986
Exxon Mobil Corp.	75,331		6,972,637
			12,278,623
Internet Content - 1.69%
Google, Inc., Class A *	8,400		4,765,068
Yahoo!, Inc. *	268,300		7,201,172
			11,966,240
Internet Retail - 1.43%
Amazon.com, Inc. *	109,200		10,171,980
Internet Software - 1.34%
Symantec Corp. *	490,915		9,513,933
Investment Companies - 0.26%
The Blackstone Group LP * (a)	72,549		1,819,529
Leisure Time - 1.56%
Carnival Corp. (a)	229,101		11,095,361
Life Sciences - 0.34%
Pharmaceutical Product Development, Inc.	67,700		2,399,288
Liquor - 0.69%
Anheuser-Busch Companies, Inc.	98,200		4,909,018
Manufacturing - 2.66%
Harley-Davidson, Inc.	69,300		3,202,353
Illinois Tool Works, Inc.	262,352		15,646,673
			18,849,026
Mutual Funds - 1.94%
SPDR Trust Series 1	90,000		13,732,200
Petroleum Services - 3.00%
ENSCO International, Inc.	92,000		5,161,200
GlobalSantaFe Corp.	93,700		7,123,074
Halliburton Company	234,600		9,008,640
			21,292,914
Pharmaceuticals - 5.44%
Allergan, Inc.	241,174		15,548,488
Bristol-Myers Squibb Company	199,601		5,752,501
Merck & Company, Inc.	247,500		12,793,275
Schering-Plough Corp.	141,900		4,488,297
			38,582,561

The accompanying notes are an integral part of the financial statements. 

228

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Publishing - 0.50%
McGraw-Hill Companies, Inc.		69,300	$	3,528,063
Railroads & Equipment - 1.88%
Burlington Northern Santa Fe Corp.		164,750		13,372,758
Retail Trade - 2.71%
Chico's FAS, Inc. *		206,500		2,901,325
Costco Wholesale Corp.		173,810		10,666,720
Target Corp.		89,600		5,695,872
				19,263,917
Semiconductors - 6.34%
Analog Devices, Inc.		338,700		12,247,392
Intel Corp.		784,000		20,274,240
Linear Technology Corp. (a)		154,200		5,395,458
Xilinx, Inc.		269,209		7,037,123
				44,954,213
Software - 5.37%
BEA Systems, Inc. *		342,800		4,754,636
Citrix Systems, Inc. *		161,500		6,511,680
Intuit, Inc. *		168,600		5,108,580
Microsoft Corp.		671,011		19,767,984
Red Hat, Inc. *		99,900		1,985,013
				38,127,893
Telephone - 3.58%
AT&T, Inc.		252,626		10,688,606
Sprint Nextel Corp.		772,838		14,683,922
				25,372,528
Trucking & Freight - 1.59%
FedEx Corp.		107,817		11,293,831
TOTAL COMMON STOCKS (Cost $672,556,095)			$	703,794,232
SHORT TERM INVESTMENTS - 2.55%
John Hancock Cash Investment Trust (c)	$	18,123,029	$	18,123,029
TOTAL SHORT TERM INVESTMENTS
(Cost $18,123,029)			$	18,123,029
REPURCHASE AGREEMENTS - 1.50%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$10,617,626 on 10/01/2007,
collateralized by $10,525,000
Federal Home Loan Mortgage
Corp., 6.625% due 08/06/2037
(valued at $10,827,594, including
interest)	$	10,614,000	$	10,614,000
TOTAL REPURCHASE AGREEMENTS
(Cost $10,614,000)			$	10,614,000
Total Investments (Large Cap Trust)
(Cost $701,293,124) - 103.23%			$	732,531,261
Liabilities in Excess of Other Assets - (3.23)%				(22,917,801)
TOTAL NET ASSETS - 100.00%			$	709,613,460

Large Cap Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.66%
Aerospace - 2.63%
Lockheed Martin Corp.	30,480	$	3,306,775
Northrop Grumman Corp.	104,000		8,112,000
Raytheon Company	77,000		4,914,140
			16,332,915
Air Travel - 0.74%
AMR Corp. * (a)	206,000		4,591,740
Automobiles - 0.20%
General Motors Corp.	34,000		1,247,800
Banking - 1.04%
Bank of America Corp.	128,000		6,434,560
Biotechnology - 1.22%
Biogen Idec, Inc. * (a)	114,000		7,561,620
Business Services - 1.50%
Computer Sciences Corp. *	99,000		5,534,100
Convergys Corp. *	42,000		729,120
Electronic Data Systems Corp.	17,000		371,280
NCR Corp. *	53,546		2,666,591
			9,301,091
Cable & Television - 0.81%
Time Warner, Inc.	274,000		5,030,640
Chemicals - 2.35%
Dow Chemical Company	199,000		8,568,940
E.I. Du Pont de Nemours & Company	121,000		5,996,760
			14,565,700
Computers & Business Equipment - 4.63%
EMC Corp. *	305,000		6,344,000
Hewlett-Packard Company	120,000		5,974,800
International Business Machines Corp.	78,000		9,188,400
Juniper Networks, Inc. *	197,000		7,212,170
			28,719,370
Crude Petroleum & Natural Gas - 4.40%
Marathon Oil Corp.	169,000		9,636,380
Noble Energy, Inc.	105,000		7,354,200
Occidental Petroleum Corp.	80,000		5,126,400
Sunoco, Inc.	73,000		5,166,940
			27,283,920
Domestic Oil - 0.93%
Frontier Oil Corp.	139,000		5,787,960
Electronics - 1.80%
Agilent Technologies, Inc. *	75,000		2,766,000
L-3 Communications Holdings, Inc.	36,000		3,677,040
Vishay Intertechnology, Inc. *	363,000		4,729,890
			11,172,930
Financial Services - 9.83%
Citigroup, Inc.	517,000		24,128,390
Goldman Sachs Group, Inc.	48,000		10,403,520
JP Morgan Chase & Company	398,000		18,236,360

The accompanying notes are an integral part of the financial statements. 

229

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Lehman Brothers Holdings, Inc.	132,700	$	8,191,571
			60,959,841
Food & Beverages - 1.51%
Campbell Soup Company	98,000		3,626,000
H.J. Heinz Company	96,000		4,435,200
J.M. Smucker Company	24,000		1,282,080
			9,343,280
Healthcare Services - 4.08%
Humana, Inc. *	59,000		4,122,920
McKesson Corp.	113,000		6,643,270
Medco Health Solutions, Inc. *	69,000		6,236,910
WellPoint, Inc. *	105,000		8,286,600
			25,289,700
Holdings Companies/Conglomerates - 4.03%
General Electric Company	442,000		18,298,800
Loews Corp.	139,000		6,720,650
			25,019,450
Industrial Machinery - 2.55%
AGCO Corp. *	133,000		6,752,410
Deere & Company	61,000		9,053,620
			15,806,030
Insurance - 11.71%
ACE, Ltd.	104,000		6,299,280
Aetna, Inc.	111,000		6,023,970
Ambac Financial Group, Inc.	79,000		4,969,890
American International Group, Inc.	257,000		17,386,050
Chubb Corp.	153,000		8,206,920
CNA Financial Corp.	11,000		432,520
MetLife, Inc.	129,000		8,995,170
Prudential Financial, Inc.	94,000		9,172,520
SAFECO Corp.	55,000		3,367,100
The Travelers Companies, Inc.	154,000		7,752,360
			72,605,780
International Oil - 12.99%
Chevron Corp.	241,000		22,552,780
ConocoPhillips	205,000		17,992,850
Exxon Mobil Corp.	432,000		39,985,920
			80,531,550
Internet Software - 0.35%
McAfee, Inc. *	62,000		2,161,940
Leisure Time - 1.46%
Walt Disney Company	263,000		9,044,570
Manufacturing - 1.93%
Honeywell International, Inc.	116,000		6,898,520
SPX Corp.	55,000		5,090,800
			11,989,320
Paper - 1.13%
International Paper Company	195,000		6,994,650

Large Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services - 3.66%
ENSCO International, Inc.	103,000	$	5,778,300
Tesoro Corp.	100,000		4,602,000
Tidewater, Inc.	88,000		5,529,920
Valero Energy Corp.	101,000		6,785,180
			22,695,400
Pharmaceuticals - 6.60%
AmerisourceBergen Corp.	116,000		5,258,280
Eli Lilly & Company	144,000		8,197,920
Merck & Company, Inc.	143,000		7,391,670
Pfizer, Inc.	821,000		20,057,030
			40,904,900
Railroads & Equipment - 1.55%
CSX Corp.	176,000		7,520,480
Kansas City Southern *	65,000		2,091,050
			9,611,530
Retail Grocery - 2.19%
Safeway, Inc.	212,000		7,019,320
The Kroger Company	231,000		6,588,120
			13,607,440
Retail Trade - 1.81%
Dollar Tree Stores, Inc. *	58,000		2,351,320
RadioShack Corp. (a)	189,000		3,904,740
Tiffany & Company (a)	95,000		4,973,250
			11,229,310
Sanitary Services - 0.22%
Republic Services, Inc.	41,000		1,341,110
Semiconductors - 2.42%
Intersil Corp., Class A	106,000		3,543,580
KLA-Tencor Corp.	100,000		5,578,000
Novellus Systems, Inc. *	135,000		3,680,100
Teradyne, Inc. *	158,000		2,180,400
			14,982,080
Software - 1.38%
BMC Software, Inc. *	57,665		1,800,878
Compuware Corp. *	279,000		2,237,580
Novell, Inc. *	263,000		2,009,320
Oracle Corp. *	115,739		2,505,749
			8,553,527
Steel - 1.18%
United States Steel Corp.	69,000		7,309,860
Telecommunications Equipment &
Services - 0.98%
ADC Telecommunications, Inc. *	310,000		6,079,100
Telephone - 3.22%
AT&T, Inc.	209,000		8,842,790
CenturyTel, Inc.	90,000		4,159,800
Qwest Communications International, Inc. *	760,000		6,961,600
			19,964,190

The accompanying notes are an integral part of the financial statements. 

230

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Tobacco - 0.19%
UST, Inc.		24,000	$	1,190,400
Toys, Amusements & Sporting Goods - 0.44%
Hasbro, Inc.		99,000		2,760,120
TOTAL COMMON STOCKS (Cost $543,890,016)			$	618,005,324
SHORT TERM INVESTMENTS - 2.27%
John Hancock Cash Investment Trust (c)	$	14,069,829	$	14,069,829
TOTAL SHORT TERM INVESTMENTS
(Cost $14,069,829)			$	14,069,829
REPURCHASE AGREEMENTS - 0.30%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$1,850,632 on 10/01/2007,
collateralized by $1,845,000
Federal National Mortgage
Association, 6.06% due
06/06/2017 (valued at $1,888,819,
including interest)	$	1,850,000	$	1,850,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,850,000)			$	1,850,000
Total Investments (Large Cap Value Trust)
(Cost $559,809,845) - 102.23%			$	633,925,153
Liabilities in Excess of Other Assets - (2.23)%				(13,806,070
TOTAL NET ASSETS - 100.00%			$	620,119,083
Lifestyle Aggressive Trust
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
All Cap Value (Lord, Abbett)		898,629	$	12,347,161
Blue Chip Growth (T. Rowe Price)		1,395,232		30,834,631
Capital Appreciation (Jennison)		3,069,175		30,875,903
Core Equity (Legg Mason)		1,227,522		18,388,284
Emerging Growth (MFC Global U.S.)		1,054,745		12,245,593
Emerging Markets Value (DFA)		1,265,012		18,734,834
Equity-Income (T. Rowe Price)		658,875		12,123,308
Fundamental Value (Davis)		1,063,084		18,263,786
International Core (GMO)		3,033,361		49,504,449
International Equity Index (SSgA)		566,774		12,599,396
International Opportunities (Marsico)		1,256,849		24,935,879
International Small Cap (Templeton)		632,473		15,350,122
International Small Company (DFA)		1,041,153		15,315,363
International Value (Templeton)		2,335,546		43,230,951
Large Cap (UBS)		759,239		12,071,907
Large Cap Value (BlackRock)		255,652		6,148,425
Mid Cap Index (MFC Global U.S.A.)		895,440		18,231,148

Lifestyle Aggressive Trust (continued)
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES (continued)
JOHN HANCOCK TRUST
Mid Cap Intersection (Wellington)	1,985,652	$	24,423,524
Mid Cap Stock (Wellington)	684,294		12,474,673
Mid Cap Value (Lord, Abbett)	758,921		12,082,019
Mid Cap Value Equity (RiverSource)	414,465		6,167,238
Natural Resources (Wellington)	642,328		24,806,695
Overseas Equity (Capital Guardian)	810,837		12,551,764
Quantitative Value (MFC Global U.S.A.)	1,229,550		18,234,226
Small Cap (Independence)	813,916		12,233,160
Small Cap Index (MFC Global U.S.A.)	744,751		12,064,965
Small Cap Intrinsic Value (MFC Global U.S.)	1,021,070		12,518,315
Small Company (American Century)	845,535		11,998,148
Small Company Value (T. Rowe Price)	865,122		18,072,388
U.S. Global Leaders Growth (Sustainable
Growth)	886,557		12,225,619
U.S. Large Cap (Capital Guardian)	696,294		12,268,696
U.S. Multi Sector (GMO)	2,985,579		42,604,209
Value & Restructuring (Excelsior)	368,490		6,186,941
Vista (American Century)	659,092		12,542,524
TOTAL INVESTMENT COMPANIES (Cost $546,644,860)		$	614,656,244
Total Investments (Lifestyle Aggressive Trust)
(Cost $546,644,860) - 100.00%		$	614,656,244
Liabilities in Excess of Other Assets - 0.00%			(1,445)
TOTAL NET ASSETS - 100.00%		$	614,654,799
Lifestyle Balanced Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
Active Bond (MFC Global U.S./Declaration)	21,031,214	$	204,633,710
All Cap Core (Deutsche)	10,004,038		208,884,323
Blue Chip Growth (T. Rowe Price)	38,837,551		858,309,886
Core Bond (Wells Capital)	16,294,596		205,800,746
Core Equity (Legg Mason)	13,994,165		209,632,587
Emerging Markets Value (DFA)	14,500,033		214,745,492
Equity-Income (T. Rowe Price)	17,100,543		314,650,000
Fundamental Value (Davis)	12,235,037		210,197,944
Global Bond (PIMCO)	20,881,731		315,314,136
Global Real Estate (Deutsche)	22,048,731		317,501,722
High Income (MFC Global U.S.)	14,718,366		204,585,293
High Yield (WAMCO)	91,251,353		931,676,316
International Core (GMO)	25,974,292		423,900,453
International Opportunities (Marsico)	10,932,345		216,897,724
International Small Cap (Templeton)	6,422,225		155,867,410
International Value (Templeton)	19,763,731		365,826,657
Large Cap (UBS)	13,121,688		208,634,838
Large Cap Value (BlackRock)	13,096,375		314,967,815
Mid Cap Index (MFC Global U.S.A.)	4,976,051		101,312,404

The accompanying notes are an integral part of the financial statements. 

231

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Lifestyle Balanced Trust (continued)
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES (continued)
JOHN HANCOCK TRUST
Mid Cap Stock (Wellington)	5,698,783	$	103,888,815
Natural Resources (Wellington)	8,712,859		336,490,630
Quantitative Value (MFC Global U.S.A.)	14,091,437		208,976,008
Real Estate Equity (T. Rowe Price)	9,777,137		134,044,545
Real Return Bond (PIMCO)	39,127,872		516,487,909
Small Company Growth (AIM)	6,018,379		101,229,134
Small Company Value (T. Rowe Price)	4,802,412		100,322,388
Spectrum Income (T. Rowe Price)	37,560,597		516,082,603
Strategic Bond (WAMCO)	17,806,675		204,420,626
Strategic Income (MFC Global U.S.)	14,806,343		205,956,226
Total Return (PIMCO)	37,162,373		515,813,739
U.S. Global Leaders Growth (Sustainable
Growth)	22,971,787		316,780,941
U.S. High Yield Bond (Wells Capital)	15,418,507		204,449,404
U.S. Large Cap (Capital Guardian)	11,872,901		209,200,509
U.S. Multi Sector (GMO)	36,889,066		526,406,970
Value & Restructuring (Excelsior)	12,516,385		210,150,100
TOTAL INVESTMENT COMPANIES (Cost $9,491,335,369)			$10,394,040,003
Total Investments (Lifestyle Balanced Trust)
(Cost $9,491,335,369) - 100.00%			$10,394,040,003
Other Assets in Excess of Liabilities - 0.00%			212,672
TOTAL NET ASSETS - 100.00%			$10,394,252,675
Lifestyle Conservative Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
Active Bond (MFC Global U.S./Declaration)	9,067,751	$	88,229,214
Blue Chip Growth (T. Rowe Price)	861,627		19,041,954
Core Bond (Wells Capital)	1,397,462		17,649,946
Equity-Income (T. Rowe Price)	1,034,889		19,041,952
Fundamental Value (Davis)	1,108,378		19,041,932
Global Bond (PIMCO)	4,667,467		70,478,757
Global Real Estate (Deutsche)	1,838,358		26,472,354
High Income (MFC Global U.S.)	1,269,780		17,649,946
High Yield (WAMCO)	3,456,882		35,294,762
International Core (GMO)	1,081,492		17,649,946
International Value (Templeton)	1,430,165		26,472,353
Investment Quality Bond (Wellington)	3,846,310		44,117,172
Real Estate Equity (T. Rowe Price)	779,350		10,684,883
Real Return Bond (PIMCO)	2,673,846		35,294,761
Spectrum Income (T. Rowe Price)	5,137,147		70,584,395
Strategic Bond (WAMCO)	3,074,457		35,294,762
Strategic Income (MFC Global U.S.)	2,537,366		35,294,762
Total Return (PIMCO)	10,170,292		141,163,657
U.S. Government Securities (WAMCO)	7,363,397		97,049,567
U.S. High Yield Bond (Wells Capital)	1,331,067		17,649,946

Lifestyle Conservative Trust (continued)
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES (continued)
JOHN HANCOCK TRUST
U.S. Multi Sector (GMO)	1,334,404	$	19,041,952
Value & Restructuring (Excelsior)	1,134,125		19,041,953
TOTAL INVESTMENT COMPANIES (Cost $858,787,948)		$	882,240,926
Total Investments (Lifestyle Conservative Trust)
(Cost $858,787,948) - 100.00%		$	882,240,926
Other Assets in Excess of Liabilities - 0.00%			6,560
TOTAL NET ASSETS - 100.00%		$	882,247,486
Lifestyle Growth Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
All Cap Core (Deutsche)	19,755,781	$	412,500,709
All Cap Growth (AIM)	6,712,175		137,062,612
Blue Chip Growth (T. Rowe Price)	25,055,682		553,730,562
Capital Appreciation (Jennison)	55,176,544		555,076,032
Core Equity (Legg Mason)	18,284,877		273,907,460
Emerging Markets Value (DFA)	19,213,735		284,555,411
Equity-Income (T. Rowe Price)	22,405,215		412,255,957
Fundamental Value (Davis)	24,128,399		414,525,900
Global Bond (PIMCO)	18,399,231		277,828,389
Global Real Estate (Deutsche)	9,581,079		137,967,533
High Income (MFC Global U.S.)	9,670,543		134,420,542
High Yield (WAMCO)	67,110,476		685,197,957
International Core (GMO)	51,610,630		842,285,486
International Opportunities (Marsico)	29,468,882		584,662,615
International Small Cap (Templeton)	8,537,087		207,195,108
International Small Company (DFA)	14,020,504		206,241,612
International Value (Templeton)	30,025,589		555,773,644
Large Cap (UBS)	8,515,239		135,392,306
Large Cap Value (BlackRock)	5,646,126		135,789,338
Mid Cap Index (MFC Global U.S.A.)	13,435,328		273,543,284
Mid Cap Intersection (Wellington)	22,242,884		273,587,473
Mid Cap Stock (Wellington)	15,295,642		278,839,547
Mid Cap Value (Lord, Abbett)	8,473,484		134,897,857
Mid Cap Value Equity (RiverSource)	9,108,728		135,537,880
Natural Resources (Wellington)	11,479,841		443,351,441
Overseas Equity (Capital Guardian)	18,053,714		279,471,494
Quantitative Value (MFC Global U.S.A.)	37,155,926		551,022,383
Real Estate Equity (T. Rowe Price)	7,582,057		103,950,003
Real Return Bond (PIMCO)	31,035,138		409,663,826
Small Cap (Independence)	8,983,712		135,025,188
Small Cap Intrinsic Value (MFC Global U.S.)	11,292,749		138,449,103
Small Cap Opportunities (Munder)	11,558,115		274,158,485
Small Company Growth (AIM)	8,028,370		135,037,177
Small Company Value (T. Rowe Price)	6,425,755		134,234,032
Spectrum Income (T. Rowe Price)	19,754,455		271,426,211

The accompanying notes are an integral part of the financial statements. 

232

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Lifestyle Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES (continued)
JOHN HANCOCK TRUST
Strategic Bond (WAMCO)	11,737,579	$	134,747,402
Strategic Income (MFC Global U.S.)	9,760,925		135,774,460
Total Return (PIMCO)	39,412,476		547,045,172
U.S. Global Leaders Growth (Sustainable
Growth)	29,911,334		412,477,290
U.S. High Yield Bond (Wells Capital)	10,117,839		134,162,548
U.S. Large Cap (Capital Guardian)	15,530,828		273,653,186
U.S. Multi Sector (GMO)	67,757,247		966,895,916
Value & Restructuring (Excelsior)	8,121,419		136,358,622
Vista (American Century)	7,313,809		139,181,791
TOTAL INVESTMENT COMPANIES (Cost $12,504,910,671)		$	13,798,860,944
Total Investments (Lifestyle Growth Trust)
(Cost $12,504,910,671) - 100.00%		$	13,798,860,944
Other Assets in Excess of Liabilities - 0.00%			269,843
TOTAL NET ASSETS - 100.00%		$	13,799,130,787
Lifestyle Moderate Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
Active Bond (MFC Global U.S./Declaration)	18,721,133	$	182,156,622
Blue Chip Growth (T. Rowe Price)	5,410,834		119,579,422
Core Bond (Wells Capital)	3,563,373		45,005,395
Core Equity (Legg Mason)	6,381,867		95,600,362
Equity-Income (T. Rowe Price)	2,556,403		47,037,809
Fundamental Value (Davis)	5,527,349		94,959,850
Global Bond (PIMCO)	9,029,078		136,339,083
Global Real Estate (Deutsche)	3,251,382		46,819,899
High Income (MFC Global U.S.)	4,879,442		67,824,250
High Yield (WAMCO)	13,373,952		136,548,047
International Core (GMO)	7,134,306		116,431,878
International Equity Index (SSgA)	1,051,382		23,372,221
International Opportunities (Marsico)	1,204,147		23,890,280
International Value (Templeton)	3,769,996		69,782,620
Investment Quality Bond (Wellington)	3,916,127		44,917,976
Mid Cap Index (MFC Global U.S.A.)	1,111,687		22,633,947
Overseas Equity (Capital Guardian)	1,503,988		23,281,731
Real Estate Equity (T. Rowe Price)	2,149,726		29,472,742
Real Return Bond (PIMCO)	6,911,573		91,232,767
Small Company (American Century)	1,594,672		22,628,390
Small Company Growth (AIM)	1,355,940		22,806,907
Small Company Value (T. Rowe Price)	1,080,335		22,568,208
Spectrum Income (T. Rowe Price)	13,257,394		182,156,589
Strategic Bond (WAMCO)	5,909,738		67,843,788
Strategic Income (MFC Global U.S.)	4,885,194		67,953,045
Total Return (PIMCO)	19,712,340		273,607,281
U.S. High Yield Bond (Wells Capital)	5,116,419		67,843,716

Lifestyle Moderate Trust (continued)
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES (continued)
JOHN HANCOCK TRUST
U.S. Multi Sector (GMO)	6,611,956	$	94,352,611
Value & Restructuring (Excelsior)	2,836,170		47,619,296
TOTAL INVESTMENT COMPANIES (Cost $2,140,315,810)		$	2,286,266,732
Total Investments (Lifestyle Moderate Trust)
(Cost $2,140,315,810) - 100.00%		$	2,286,266,732
Other Assets in Excess of Liabilities - 0.00%			37,958
TOTAL NET ASSETS - 100.00%		$	2,286,304,690
Managed Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 58.10%
Advertising - 0.03%
Omnicom Group, Inc.	8,300	$	399,147
Aerospace - 0.51%
General Dynamics Corp.	17,800		1,503,566
Goodrich Corp.	3,300		225,159
Lockheed Martin Corp.	31,700		3,439,133
Northrop Grumman Corp.	1,100		85,800
Rockwell Collins, Inc.	8,300		606,232
United Technologies Corp.	21,600		1,738,368
			7,598,258
Aluminum - 0.06%
Alcoa, Inc.	23,700		927,144
Apparel & Textiles - 1.12%
Cintas Corp.	10,400		385,840
Coach, Inc. *	127,400		6,022,198
Liz Claiborne, Inc.	39,400		1,352,602
Mohawk Industries, Inc. * (a)	5,000		406,500
NIKE, Inc., Class B	82,700		4,851,182
Polo Ralph Lauren Corp., Class A	6,600		513,150
VF Corp.	36,900		2,979,675
			16,511,147
Auto Parts - 0.26%
Autoliv, Inc.	11,100		663,225
AutoZone, Inc. *	21,700		2,520,238
Johnson Controls, Inc.	5,300		625,983
			3,809,446
Auto Services - 0.10%
AutoNation, Inc. *	79,800		1,414,056
Automobiles - 0.83%
Ford Motor Company *	360,500		3,060,645
General Motors Corp.	67,900		2,491,930
PACCAR, Inc.	78,350		6,679,337
			12,231,912

The accompanying notes are an integral part of the financial statements. 

233

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking - 1.08%
Bank of America Corp.	144,684	$	7,273,265
BB&T Corp.	33,400		1,349,026
Comerica, Inc.	25,500		1,307,640
Fifth Third Bancorp	18,000		609,840
First Horizon National Corp. (a)	13,000		346,580
National City Corp.	107,200		2,689,648
Popular, Inc. (a)	5,600		68,768
UnionBanCal Corp.	9,300		543,213
US Bancorp	54,000		1,756,620
			15,944,600
Broadcasting - 0.15%
CBS Corp., Class B	32,000		1,008,000
Liberty Media Corp. - Capital, Series A *	6,700		836,361
News Corp., Class A	14,500		318,855
			2,163,216
Building Materials & Construction - 0.12%
American Standard Companies, Inc.	28,700		1,022,294
Masco Corp.	33,600		778,512
			1,800,806
Business Services - 0.48%
Affiliated Computer Services, Inc., Class A *	10,700		537,568
DST Systems, Inc. *	1,100		94,391
Fiserv, Inc. *	62,000		3,153,320
Manpower, Inc.	6,100		392,535
Moody's Corp.	14,000		705,600
NCR Corp. *	9,000		448,200
Pitney Bowes, Inc.	18,300		831,186
R.R. Donnelley & Sons Company	11,300		413,128
Total Systems Services, Inc. (a)	17,700		491,706
			7,067,634
Cable & Television - 0.58%
Comcast Corp., Class A *	127,700		3,087,786
DIRECTV Group, Inc. *	56,100		1,362,108
Time Warner, Inc.	225,000		4,131,000
			8,580,894
Chemicals - 0.44%
Dow Chemical Company	56,600		2,437,196
E.I. Du Pont de Nemours & Company	39,100		1,937,796
Eastman Chemical Company	6,400		427,072
Lubrizol Corp.	12,400		806,744
Lyondell Chemical Company	10,000		463,500
PPG Industries, Inc.	5,700		430,635
			6,502,943
Colleges & Universities - 0.03%
ITT Educational Services, Inc. *	3,700		450,253
Computers & Business Equipment - 5.02%
Apple, Inc. *	64,600		9,918,684
CDW Corp. *	16,000		1,395,200
Cisco Systems, Inc. *	490,000		16,223,900

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
Cognizant Technology Solutions Corp.,
Class A *	9,800	$	781,746
Dell, Inc. *	429,800		11,862,480
EMC Corp. *	193,400		4,022,720
Hewlett-Packard Company	60,700		3,022,253
International Business Machines Corp.	215,100		25,338,780
Juniper Networks, Inc. *	8,200		300,202
Lexmark International, Inc. *	32,800		1,362,184
			74,228,149
Construction Materials - 0.09%
Martin Marietta Materials, Inc.	1,800		240,390
Sherwin-Williams Company	11,200		735,952
Vulcan Materials Company	3,600		320,940
			1,297,282
Containers & Glass - 0.14%
Ball Corp.	6,600		354,750
Owens-Illinois, Inc. *	16,200		671,490
Pactiv Corp. *	17,200		492,952
Sealed Air Corp.	20,500		523,980
			2,043,172
Cosmetics & Toiletries - 0.84%
Avon Products, Inc.	22,100		829,413
Colgate-Palmolive Company	1,400		99,848
Estee Lauder Companies, Inc., Class A	9,900		420,354
International Flavors & Fragrances, Inc.	17,300		914,478
Kimberly-Clark Corp.	74,800		5,255,448
Procter & Gamble Company	68,900		4,846,426
			12,365,967
Crude Petroleum & Natural Gas - 0.34%
Apache Corp.	11,500		1,035,690
Devon Energy Corp.	16,900		1,406,080
Marathon Oil Corp.	20,900		1,191,718
Occidental Petroleum Corp.	21,200		1,358,496
			4,991,984
Drugs & Health Care - 0.07%
Wyeth	24,100		1,073,655
Educational Services - 0.08%
Apollo Group, Inc., Class A *	20,100		1,209,015
Electrical Utilities - 0.58%
American Electric Power Company, Inc.	40,100		1,847,808
CenterPoint Energy, Inc. (a)	13,600		218,008
Constellation Energy Group	7,400		634,846
Edison International	15,100		837,295
Entergy Corp.	31,300		3,389,477
FPL Group, Inc.	1,800		109,584
Public Service Enterprise Group, Inc.	2,700		237,573
The AES Corp. *	40,800		817,632
Xcel Energy, Inc.	23,100		497,574
			8,589,797

The accompanying notes are an integral part of the financial statements. 

234

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics - 0.12%
Arrow Electronics, Inc. *	7,700	$	327,404
Avnet, Inc. *	22,300		888,878
Tyco Electronics, Ltd.	17,600		623,568
			1,839,850
Energy - 0.01%
Sempra Energy	3,600		209,232
Financial Services - 3.29%
Citigroup, Inc.	477,800		22,298,926
Countrywide Financial Corp.	27,300		518,973
Discover Financial Services	26,900		559,520
Eaton Vance Corp.	11,400		455,544
Federal Home Loan Mortgage Corp.	31,700		1,870,617
Federal National Mortgage Association	167,800		10,203,918
Franklin Resources, Inc.	14,200		1,810,500
Goldman Sachs Group, Inc.	24,700		5,353,478
Morgan Stanley (c)	47,500		2,992,500
SEI Investments Company	31,800		867,504
The First Marblehead Corp. (a)	13,200		500,676
Washington Mutual, Inc.	34,176		1,206,755
			48,638,911
Food & Beverages - 2.14%
ConAgra Foods, Inc.	44,400		1,160,172
General Mills, Inc.	7,100		411,871
H.J. Heinz Company	4,000		184,800
Hormel Foods Corp.	6,200		221,836
Kraft Foods, Inc., Class A	131,236		4,528,954
McCormick & Company, Inc.	10,800		388,476
Pepsi Bottling Group, Inc.	5,100		189,567
PepsiCo, Inc.	76,000		5,567,760
Sara Lee Corp.	26,100		435,609
Sysco Corp.	71,100		2,530,449
The Coca-Cola Company	261,400		15,022,658
Tyson Foods, Inc., Class A	59,400		1,060,290
			31,702,442
Forest Products - 0.09%
Weyerhaeuser Company	18,500		1,337,550
Furniture & Fixtures - 0.02%
Leggett & Platt, Inc.	12,200		233,752
Gas & Pipeline Utilities - 0.02%
NiSource, Inc.	19,400		371,316
Healthcare Products - 3.18%
Baxter International, Inc.	65,200		3,669,456
Becton, Dickinson & Company	6,300		516,915
C.R. Bard, Inc.	5,400		476,226
Covidien, Ltd.	17,600		730,400
Johnson & Johnson	297,700		19,558,890
Medtronic, Inc.	49,100		2,769,731
Patterson Companies, Inc. *	20,200		779,922
St. Jude Medical, Inc. *	16,500		727,155
Stryker Corp.	107,500		7,391,700

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Zimmer Holdings, Inc. *	129,100	$	10,455,809
			47,076,204
Healthcare Services - 2.25%
Cardinal Health, Inc.	70,600		4,414,618
Coventry Health Care, Inc. *	10,100		628,321
Express Scripts, Inc. *	75,000		4,186,500
Health Net, Inc. *	7,500		405,375
McKesson Corp.	76,600		4,503,314
Medco Health Solutions, Inc. *	18,700		1,690,293
Quest Diagnostics, Inc.	48,100		2,778,737
UnitedHealth Group, Inc.	297,200		14,393,396
WellPoint, Inc. *	4,400		347,248
			33,347,802
Holdings Companies/Conglomerates - 0.05%
General Electric Company	17,600		728,640
Homebuilders - 0.09%
Centex Corp.	10,600		281,642
D.R. Horton, Inc.	17,400		222,894
KB Home (a)	2,000		50,120
Lennar Corp., Class A (a)	13,200		298,980
Toll Brothers, Inc. *	21,800		435,782
			1,289,418
Hotels & Restaurants - 1.04%
Marriott International, Inc., Class A	39,200		1,704,024
McDonald's Corp.	186,600		10,164,102
Starbucks Corp. *	65,800		1,723,960
Yum! Brands, Inc.	54,700		1,850,501
			15,442,587
Household Products - 0.13%
Energizer Holdings, Inc. *	17,200		1,906,620
Industrial Machinery - 0.35%
Cummins, Inc.	6,200		792,918
Deere & Company	11,400		1,691,988
Ingersoll-Rand Company, Ltd., Class A	15,500		844,285
ITT Corp.	13,300		903,469
Pall Corp.	15,700		610,730
W.W. Grainger, Inc.	4,500		410,355
			5,253,745
Insurance - 3.43%
ACE, Ltd.	16,100		975,177
Aetna, Inc.	42,800		2,322,756
AFLAC, Inc.	39,200		2,235,968
Allstate Corp.	154,100		8,812,979
Ambac Financial Group, Inc.	22,300		1,402,893
American International Group, Inc.	138,500		9,369,525
Brown & Brown, Inc.	23,600		620,680
Chubb Corp.	13,200		708,048
CIGNA Corp.	47,500		2,531,275
Cincinnati Financial Corp.	4,000		173,240
CNA Financial Corp.	3,700		145,484

The accompanying notes are an integral part of the financial statements. 

235

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
First American Corp.	18,300	$	670,146
Hartford Financial Services Group, Inc.	8,900		823,695
Lincoln National Corp.	2,300		151,731
Markel Corp. *	1,900		919,600
MBIA, Inc.	18,300		1,117,215
MetLife, Inc.	24,800		1,729,304
MGIC Investment Corp. (a)	21,100		681,741
Old Republic International Corp.	47,350		887,339
PMI Group, Inc.	19,100		624,570
Progressive Corp.	84,800		1,645,968
Prudential Financial, Inc.	23,700		2,312,646
Radian Group, Inc. (a)	16,900		393,432
SAFECO Corp.	15,300		936,666
The Travelers Companies, Inc.	98,100		4,938,354
Torchmark Corp.	26,900		1,676,408
UnumProvident Corp.	64,800		1,585,656
W.R. Berkley Corp.	14,600		432,598
			50,825,094
International Oil - 5.91%
Anadarko Petroleum Corp.	26,400		1,419,000
Chevron Corp.	245,700		22,992,606
ConocoPhillips	86,052		7,552,784
Exxon Mobil Corp.	599,000		55,443,440
			87,407,830
Internet Retail - 0.29%
Amazon.com, Inc. *	14,300		1,332,045
eBay, Inc. *	55,000		2,146,100
Expedia, Inc. *	14,700		468,636
IAC/InterActiveCorp. *	13,300		394,611
			4,341,392
Internet Software - 0.12%
McAfee, Inc. *	26,700		931,029
Symantec Corp. *	4,500		87,210
VeriSign, Inc. *	22,700		765,898
			1,784,137
Leisure Time - 0.19%
Carnival Corp. (a)	35,700		1,728,951
MGM MIRAGE *	12,300		1,100,112
			2,829,063
Life Sciences - 0.06%
Waters Corp. *	13,300		890,036
Liquor - 0.24%
Anheuser-Busch Companies, Inc.	71,000		3,549,290
Manufacturing - 0.95%
Danaher Corp.	46,400		3,837,744
Eaton Corp.	7,500		742,800
Harley-Davidson, Inc.	111,500		5,152,415
Honeywell International, Inc.	44,300		2,634,521
Illinois Tool Works, Inc.	13,600		811,104
SPX Corp.	4,900		453,544

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Manufacturing (continued)
Tyco International, Ltd.	9,400	$	416,796
			14,048,924
Metal & Metal Products - 0.14%
Precision Castparts Corp.	13,600		2,012,528
Paper - 0.01%
Temple-Inland, Inc.	3,000		157,890
Petroleum Services - 0.16%
Schlumberger, Ltd.	4,100		430,500
Tesoro Corp.	9,100		418,782
Valero Energy Corp.	23,700		1,592,166
			2,441,448
Pharmaceuticals - 5.69%
Abbott Laboratories	81,800		4,386,116
AmerisourceBergen Corp.	65,000		2,946,450
Bristol-Myers Squibb Company	42,700		1,230,614
Eli Lilly & Company	15,700		893,801
Forest Laboratories, Inc. *	153,400		5,720,286
King Pharmaceuticals, Inc. *	34,400		403,168
Merck & Company, Inc.	639,900		33,076,431
Pfizer, Inc.	1,211,300		29,592,059
Schering-Plough Corp.	186,800		5,908,484
			84,157,409
Publishing - 0.34%
Gannett Company, Inc.	78,300		3,421,710
McGraw-Hill Companies, Inc.	21,800		1,109,838
Tribune Company	15,700		428,924
			4,960,472
Railroads & Equipment - 0.03%
CSX Corp.	7,300		311,929
Union Pacific Corp.	1,600		180,896
			492,825
Retail Grocery - 0.51%
Safeway, Inc.	85,300		2,824,283
SUPERVALU, Inc.	40,408		1,576,316
The Kroger Company	111,100		3,168,572
			7,569,171
Retail Trade - 7.12%
Abercrombie & Fitch Company, Class A	26,400		2,130,480
Advance Auto Parts, Inc.	2,200		73,832
American Eagle Outfitters, Inc.	60,000		1,578,600
Bed Bath & Beyond, Inc. *	87,000		2,968,440
Best Buy Company, Inc.	13,800		635,076
CarMax, Inc. *	28,800		585,504
Family Dollar Stores, Inc.	43,700		1,160,672
Gap, Inc.	23,000		424,120
Home Depot, Inc.	723,200		23,460,608
J.C. Penney Company, Inc.	9,800		621,026
Kohl's Corp. *	93,700		5,371,821
Limited Brands, Inc.	20,700		473,823
Lowe's Companies, Inc.	435,500		12,202,710

The accompanying notes are an integral part of the financial statements. 

236

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Nordstrom, Inc.	38,000	$	1,781,820
PetSmart, Inc.	9,300		296,670
RadioShack Corp.	31,900		659,054
Ross Stores, Inc.	13,800		353,832
Sears Holdings Corp. *	4,200		534,240
Staples, Inc.	135,600		2,914,044
Target Corp.	129,600		8,238,672
The TJX Companies, Inc.	36,900		1,072,683
Tiffany & Company (a)	23,000		1,204,050
Walgreen Company	115,600		5,460,944
Wal-Mart Stores, Inc.	712,100		31,083,165
			105,285,886
Semiconductors - 0.69%
Analog Devices, Inc.	17,800		643,648
Intel Corp.	288,000		7,447,680
KLA-Tencor Corp.	18,800		1,048,664
Novellus Systems, Inc. *	14,500		395,270
Xilinx, Inc.	24,700		645,658
			10,180,920
Software - 2.63%
Adobe Systems, Inc. *	10,600		462,796
BMC Software, Inc. *	15,600		487,188
CA, Inc.	3,500		90,020
Citrix Systems, Inc. *	7,300		294,336
Intuit, Inc. *	14,500		439,350
Microsoft Corp.	1,052,100		30,994,866
Oracle Corp. *	285,500		6,181,075
			38,949,631
Telecommunications Equipment &
Services - 1.30%
Avaya, Inc. *	21,700		368,032
QUALCOMM, Inc.	38,400		1,622,784
Verizon Communications, Inc.	389,700		17,255,916
			19,246,732
Telephone - 1.69%
AT&T, Inc.	581,742		24,613,504
CenturyTel, Inc.	9,200		425,224
			25,038,728
Tires & Rubber - 0.08%
Goodyear Tire & Rubber Company *	40,400		1,228,564
Tobacco - 0.31%
Altria Group, Inc.	43,100		2,996,743
Loews Corp. - Carolina Group	1,100		90,453
UST, Inc.	31,500		1,562,400
			4,649,596
Toys, Amusements & Sporting Goods - 0.21%
Hasbro, Inc.	36,100		1,006,468
Mattel, Inc.	87,900		2,062,134
			3,068,602

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Transportation - 0.04%
C.H. Robinson Worldwide, Inc.	10,500	$	570,045
Trucking & Freight - 0.23%
FedEx Corp.	32,400		3,393,900
TOTAL COMMON STOCKS (Cost $810,300,920)		$	859,658,659
U.S. TREASURY OBLIGATIONS - 5.27%
U.S. Treasury Bonds - 1.08%
4.75% due 02/15/2037	16,199,000		15,975,000
U.S. Treasury Notes - 4.19%
4.125% due 08/31/2012	2,120,000		2,110,394
4.50% due 04/30/2012	16,750,000		16,955,456
4.625% due 07/31/2009	1,145,000		1,158,149
4.75% due 08/15/2017	38,808,000		39,329,502
4.75% due 05/31/2012	1,665,000		1,702,852
4.875% due 06/30/2009	665,000		674,975
			61,931,328
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $76,922,475)		$	77,906,328
U.S. GOVERNMENT AGENCY OBLIGATIONS - 11.71%
Federal Home Loan Bank - 0.03%
4.50% due 11/15/2012	500,000		497,071
Federal Home Loan Mortgage Corp. - 0.60%
4.647% due 07/01/2035	1,180,195		1,169,119
5.00% due 07/15/2014	270,000		273,614
5.00% TBA **	4,040,000		3,853,150
6.00% due 08/01/2017	128,443		130,350
6.50% due 03/01/2017	75,291		77,122
6.50% TBA **	3,350,000		3,409,670
			8,913,025
Federal National Mortgage
Association - 11.00%
3.716% due 07/01/2033 (b)	69,030		69,714
4.375% due 03/15/2013	4,250,000		4,187,967
4.50% due 10/01/2018	2,895,274		2,795,156
4.50% TBA **	6,055,000		5,829,827
5.00% due 12/01/2034 to 07/01/2035	13,539,792		12,947,686
5.00% TBA **	43,790,000		42,307,562
5.50% due 07/01/2017 to 09/01/2034	18,906,834		18,627,580
5.50% TBA **	19,640,000		19,417,081
6.00% due 07/01/2016 to 03/01/2036	15,367,621		15,433,399
6.00% TBA **	20,322,000		20,438,899
6.25% due 05/15/2029	875,000		982,376
6.50% due 02/01/2036	468,828		477,431
6.50% TBA **	12,587,000		12,819,688
7.00% due 12/01/2012 to 10/25/2041	2,631,639		2,714,996
7.00% TBA **	3,405,000		3,513,534
7.50% due 11/01/2030 to 07/01/2031	94,449		98,789
			162,661,685
Government National Mortgage
Association - 0.08%
5.00% due 01/15/2035 to 04/15/2035	796,720		771,343

The accompanying notes are an integral part of the financial statements. 

237

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Government National Mortgage
Association (continued)
5.50% due 03/15/2035	$	437,286	$	431,471
				1,202,814
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $174,437,872)			$	173,274,595
FOREIGN GOVERNMENT OBLIGATIONS - 0.15%
Chile - 0.12%
Republic of Chile
5.76% due 01/28/2008 (b)		1,800,000		1,800,000
Mexico - 0.01%
Government of Mexico
9.875% due 02/01/2010		95,000		105,688
Peru - 0.02%
Republic of Peru
7.35% due 07/21/2025		250,000		285,625
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $2,155,173)			$	2,191,313
CORPORATE BONDS - 13.07%
Aerospace - 0.04%
BAE Systems 2001 Asset Trust PLC
6.664% due 09/15/2013		402,084		423,821
7.156% due 12/15/2011		198,879		208,194
				632,015
Automobiles - 0.08%
DaimlerChrysler N.A. Holding Corp.
4.05% due 06/04/2008		100,000		98,905
5.875% due 03/15/2011		1,080,000		1,095,557
				1,194,462
Banking - 1.15%
BAC Capital Trust XI
6.625% due 05/23/2036		1,405,000		1,429,752
BAC Capital Trust XV
6.38% due 06/01/2056 (b)		1,600,000		1,457,514
Banco Santander Chile
6.0738% due 12/09/2009 (b)		2,270,000		2,272,245
Chuo Mitsui Trust & Banking Company
5.506% due 04/15/2049 (b)		150,000		138,456
Comerica Capital Trust II
6.576% due 02/20/2037 (b)		2,000,000		1,807,158
DBS Bank, Ltd.
7.125% due 05/15/2011		100,000		106,275
HBOS PLC
5.375% due 11/29/2049 (b)		190,000		177,779
ICICI Bank, Ltd.
5.90% due 01/12/2010 (b)		520,000		515,509
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)		80,000		77,869
MBNA America Bank
5.375% due 01/15/2008		250,000		250,259
RBS Capital Trust IV
5.9981% due 09/29/2049 (b)		320,000		304,140

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Shinhan Bank
6.819% due 09/20/2036 (b)	$	1,090,000	$	1,060,745
Standard Chartered PLC
6.409% due 01/30/2017 (b)		1,665,000		1,536,237
SunTrust Capital VIII
6.10% due 12/15/2036 (b)		1,325,000		1,201,978
SunTrust Preferred Capital I
5.853% due 12/31/2049 (b)		810,000		794,793
Wachovia Capital Trust III
5.80% due 03/15/2042 (b)		2,000,000		1,986,582
Washington Mutual Bank
6.75% due 05/20/2036		1,040,000		1,015,450
Washington Mutual, Inc.
4.20% due 01/15/2010		210,000		204,254
5.51% due 03/22/2012 (b)		110,000		104,730
Wells Fargo & Company
3.50% due 04/04/2008		500,000		494,957
				16,936,682
Broadcasting - 0.01%
Clear Channel Communications, Inc.
7.65% due 09/15/2010		125,000		123,868
News America Holdings, Inc.
6.75% due 01/09/2038		30,000		31,411
				155,279
Cable & Television - 0.49%
Comcast Corp.
6.45% due 03/15/2037		1,150,000		1,135,316
6.50% due 11/15/2035		1,000,000		987,447
Cox Communications, Inc., Class A
4.625% due 06/01/2013		757,000		714,059
Time Warner Entertainment Company LP
8.375% due 07/15/2033		600,000		703,567
Time Warner, Inc.
5.875% due 11/15/2016		1,000,000		978,290
6.50% due 11/15/2036		1,050,000		1,013,016
7.625% due 04/15/2031		130,000		141,399
Viacom, Inc.
6.25% due 04/30/2016		975,000		977,567
6.875% due 04/30/2036		530,000		527,792
				7,178,453
Cellular Communications - 0.09%
American Tower Corp.
7.50% due 05/01/2012		170,000		174,675
AT&T Wireless Services, Inc.
8.75% due 03/01/2031		767,000		971,059
Rogers Wireless, Inc.
9.625% due 05/01/2011		140,000		157,707
				1,303,441
Chemicals - 0.09%
Cytec Industries, Inc.
6.75% due 03/15/2008		1,113,000		1,119,814
ICI Wilmington, Inc.
4.375% due 12/01/2008		235,000		233,845
				1,353,659

The accompanying notes are an integral part of the financial statements. 

238

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Crude Petroleum & Natural Gas - 0.07%
Hess Corp.
7.30% due 08/15/2031	$	820,000	$	898,902
Premcor Refining Group, Inc.
7.50% due 06/15/2015		170,000		177,199
				1,076,101
Diversified Financial Services - 0.04%
Tate & Lyle International Finance PLC
5.00% due 11/15/2014		690,000		647,456
Domestic Oil - 0.01%
Devon Financing Corp., ULC
6.875% due 09/30/2011		150,000		158,564
Drugs & Health Care - 0.01%
Wyeth
4.375% due 03/01/2008		145,000		144,379
Electrical Utilities - 1.12%
AES Gener SA
7.50% due 03/25/2014		1,500,000		1,570,276
American Electric Power Company, Inc.
5.25% due 06/01/2015		930,000		888,734
Arizona Public Service Company
5.50% due 09/01/2035		860,000		741,180
CenterPoint Energy Houston Electric LLC, Series K2
6.95% due 03/15/2033		666,000		723,368
CenterPoint Energy Resources Corp.
7.875% due 04/01/2013		690,000		753,871
Constellation Energy Group
7.60% due 04/01/2032		840,000		937,140
Consumers Energy Company
5.80% due 09/15/2035		1,000,000		929,914
Dominion Resources, Inc.
4.75% due 12/15/2010		835,000		823,075
5.70% due 09/17/2012		200,000		200,703
Empresa Nacional De Electricidad
8.50% due 04/01/2009		280,000		292,506
Enersis SA
7.375% due 01/15/2014		883,000		937,187
FirstEnergy Corp.
6.45% due 11/15/2011		702,000		725,773
7.375% due 11/15/2031		530,000		579,995
Nevada Power Company
6.65% due 04/01/2036		1,500,000		1,489,001
Pacific Gas & Electric Company
4.20% due 03/01/2011		250,000		241,760
6.05% due 03/01/2034		1,850,000		1,816,868
PSEG Power LLC
5.00% due 04/01/2014		150,000		142,578
8.625% due 04/15/2031		50,000		61,746
Scottish Power PLC
4.91% due 03/15/2010		190,000		188,364
TXU Corp., Series R
6.55% due 11/15/2034		835,000		654,860
TXU Electric Delivery Company
6.375% due 01/15/2015		1,695,000		1,699,288

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
United Energy Distribution Property, Ltd.
4.70% due 04/15/2011	$	90,000	$	89,499
				16,487,686
Electronics - 0.01%
Jabil Circuit, Inc.
5.875% due 07/15/2010		210,000		211,930
Energy - 0.95%
Duke Capital LLC
6.75% due 02/15/2032		929,000		904,283
Duke Energy Corp.
3.75% due 03/05/2008		443,000		440,209
Enbridge Energy Partners L.P., Series B
4.75% due 06/01/2013		1,140,000		1,078,692
Enterprise Products Operating LP
4.95% due 06/01/2010		850,000		846,546
Enterprise Products Operating LP, Series B
5.00% due 03/01/2015		943,000		885,116
6.875% due 03/01/2033		834,000		852,662
GS Caltex Corp.
5.50% due 08/25/2014		778,000		757,142
Nexen, Inc.
5.875% due 03/10/2035		993,000		909,488
Sempra Energy
4.75% due 05/15/2009		733,000		727,238
TEPPCO Partners, L.P.
6.125% due 02/01/2013		872,000		878,502
Texas Gas Transmission Corp.
4.60% due 06/01/2015		1,860,000		1,726,463
TXU Energy Company, LLC
7.00% due 03/15/2013		3,632,000		3,988,444
				13,994,785
Financial Services - 3.06%
AXA Financial, Inc.
7.75% due 08/01/2010		712,000		763,731
Bear Stearns Companies, Inc.
5.70% due 11/15/2014		1,645,000		1,610,506
Boeing Capital Corp.
6.50% due 02/15/2012		1,198,000		1,262,976
CIT Group, Inc.
4.00% due 05/08/2008		622,000		614,861
5.6495% due 11/03/2010 (b)		1,800,000		1,703,603
6.10% due 03/15/2067 (b)		1,900,000		1,567,933
Citigroup, Inc.
5.00% due 09/15/2014		200,000		192,784
5.625% due 08/27/2012		1,260,000		1,274,763
CNOOC Finance 2003, Ltd.
5.50% due 05/21/2033		896,000		809,762
Dresdner Bank-New York
7.25% due 09/15/2015		930,000		1,008,501
E*Trade Financial Corp.
7.375% due 09/15/2013		820,000		766,700
ERP Operating LP
4.75% due 06/15/2009		190,000		188,725
Fund American Companies, Inc.
5.875% due 05/15/2013		1,113,000		1,097,373

The accompanying notes are an integral part of the financial statements. 

239

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
General Electric Capital Corp., Series A
5.875% due 02/15/2012	$	1,966,000	$	2,017,722
Goldman Sachs Capital II
5.793% due 12/29/2049 (b)		1,350,000		1,277,436
Goldman Sachs Group, Inc.
4.125% due 01/15/2008		1,050,000		1,045,673
5.25% due 04/01/2013		1,735,000		1,703,645
6.75% due 10/01/2037		1,500,000		1,505,248
HSBC Finance Corp.
4.625% due 01/15/2008		1,432,000		1,428,619
HSBC USA, Inc.
4.625% due 04/01/2014		750,000		699,954
International Lease Finance Corp.
3.50% due 04/01/2009		270,000		264,429
4.55% due 10/15/2009		100,000		99,308
4.75% due 07/01/2009		555,000		547,855
5.875% due 05/01/2013		1,317,000		1,322,202
John Deere Capital Corp., Series D
4.125% due 01/15/2010		625,000		615,120
JP Morgan Chase & Company
6.75% due 02/01/2011		1,000,000		1,050,618
JP Morgan Chase Capital XX, Series T
6.55% due 09/29/2036		1,670,000		1,559,995
JP Morgan Chase Capital XXIII
6.5575% due 05/15/2047 (b)		1,605,000		1,410,758
Lehman Brothers Holdings, Inc.
4.25% due 01/27/2010		310,000		300,243
6.875% due 07/17/2037		105,000		104,157
MBNA Capital, Series B
6.1563% due 02/01/2027 (b)		325,000		305,213
Mizuho JGB Investment LLC
9.87% due 12/29/2049 (b)		240,000		246,314
Morgan Stanley
6.75% due 04/15/2011 (c)		1,920,000		2,006,650
National Rural Utilities Cooperative Finance Corp.
3.875% due 02/15/2008		1,132,000		1,125,436
NiSource Finance Corp.
6.15% due 03/01/2013		912,000		932,373
7.875% due 11/15/2010		1,530,000		1,637,684
Nuveen Investments, Inc., Class A
5.50% due 09/15/2015		3,360,000		2,837,191
Osiris Capital PLC, Series C
8.21% due 01/15/2010 (b)		1,960,000		1,970,388
Osiris Capital PLC, Series D
10.36% due 01/15/2010 (b)		765,000		771,197
Popular North America, Inc.
4.70% due 06/30/2009		1,500,000		1,493,970
Reliastar Financial Corp.
6.50% due 11/15/2008		160,000		161,456
SB Treasury Company LLC
9.40 due 12/29/2049 (b)		100,000		102,297
Skandinaviska Enskilda Banken AB
5.471% due 03/29/2049 (b)		1,100,000		1,013,648
SLM Corp.
4.50% due 07/26/2010		760,000		711,458

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Westfield Capital Corp., Ltd.
4.375% due 11/15/2010	$	140,000	$	134,890
				45,265,365
Food & Beverages - 0.18%
General Mills, Inc.
5.70% due 02/15/2017		475,000		467,195
Kellogg Company, Series B
6.60% due 04/01/2011		200,000		208,762
Nabisco, Inc.
7.55% due 06/15/2015		500,000		549,765
Smithfield Foods, Inc.
7.00% due 08/01/2011		1,483,000		1,501,537
				2,727,259
Gas & Pipeline Utilities - 0.36%
Duke Energy Field Services LLC
6.45% due 11/03/2036		1,020,000		976,423
Kinder Morgan Energy Partners LP
5.80% due 03/15/2035		660,000		582,843
7.30% due 08/15/2033		986,000		1,033,152
Michigan Consolidated Gas Company
5.70% due 03/15/2033		986,000		916,367
Southern Union Company
7.20% due 11/01/2066 (b)		970,000		974,422
TransCanada PipeLines, Ltd.
5.85% due 03/15/2036		932,000		890,046
				5,373,253
Healthcare Services - 0.28%
Coventry Health Care, Inc.
5.875% due 01/15/2012		1,483,000		1,490,915
UnitedHealth Group, Inc.
3.75% due 02/10/2009		1,144,000		1,125,189
5.375% due 03/15/2016		650,000		632,574
5.80% due 03/15/2036		305,000		283,409
WellPoint, Inc.
5.00% due 12/15/2014		686,000		653,042
				4,185,129
Holdings Companies/Conglomerates - 0.19%
General Electric Company
5.00% due 02/01/2013		1,665,000		1,650,458
SPI Electricity & Gas Australia Holdings Party, Ltd.
6.15% due 11/15/2013		1,166,000		1,187,934
				2,838,392
Homebuilders - 0.12%
Centex Corp.
4.55% due 11/01/2010		1,800,000		1,653,451
Pulte Homes, Inc.
6.25% due 02/15/2013		100,000		89,018
				1,742,469
Hotels & Restaurants - 0.05%
Hilton Hotels Corp.
8.25% due 02/15/2011		120,000		133,904

The accompanying notes are an integral part of the financial statements. 

240

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Hotels & Restaurants (continued)
Marriott International, Inc.
4.625% due 06/15/2012	$	565,000	$	540,891
				674,795
Industrial Machinery - 0.07%
Caterpillar, Inc.
7.25% due 09/15/2009		1,050,000		1,095,505
Insurance - 1.83%
Ace INA Holdings, Inc.
6.70% due 05/15/2036		765,000		787,725
Allied World Assurance Holdings, Ltd.
7.50% due 08/01/2016		600,000		629,050
Ambac Financial Group, Inc.
6.15% due 02/15/2037 (b)		2,000,000		1,725,636
AON Capital Trust A
8.205% due 01/01/2027		1,420,000		1,545,593
Assurant, Inc.
6.75% due 02/15/2034		1,965,000		1,991,526
Endurance Specialty Holdings, Ltd.
7.00% due 07/15/2034		870,000		806,954
Financial Security Assurance Holdings, Ltd.
6.40% due 12/15/2066 (b)		1,745,000		1,577,796
Foundation Re II, Ltd.
12.27% due 11/26/2010 (b)		350,000		357,700
Hartford Financial Services Group, Inc.
4.625% due 07/15/2013		696,000		663,573
Liberty Mutual Group, Inc.
6.50% due 03/15/2035		1,140,000		1,039,962
Markel Corp.
6.80% due 02/15/2013		945,000		973,536
Marsh & McLennan Companies, Inc.
5.375% due 07/15/2014		533,000		514,332
Merna Reinsurance, Ltd., Series B
7.11% due 07/07/2010 (b)		1,000,000		998,600
MetLife, Inc.
5.70% due 06/15/2035		1,175,000		1,085,731
Mystic Re, Ltd.
11.841% due 12/05/2008 (b)		530,000		536,201
North Front Pass-Through Trust
5.81% due 12/15/2024 (b)		250,000		243,264
Oil Casualty Insurance, Ltd.
8.00% due 09/15/2034		2,873,000		2,832,835
PartnerRe Finance
6.44% due 12/01/2066 (b)		1,600,000		1,480,973
Prudential Financial, Inc.
4.75% due 04/01/2014		125,000		117,483
StanCorp Financial Group, Inc.
6.90% due 05/29/2067 (b)		1,575,000		1,518,062
Travelers Property Casualty, Inc.
6.375% due 03/15/2033		1,130,000		1,122,967
W.R. Berkley Corp.
6.15% due 08/15/2019		1,166,000		1,157,151
White Mountains Re Group, Ltd.
7.506% due 05/29/2049 (b)		1,205,000		1,135,657
XL Capital, Ltd.
5.25% due 09/15/2014		860,000		823,444

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
XL Capital, Ltd., Series E
6.50% due 12/31/2049 (b)	$	1,500,000	$	1,401,041
				27,066,792
International Oil - 0.28%
Pemex Project Funding Master Trust
6.125% due 08/15/2008		1,500,000		1,507,500
6.9944% due 06/15/2010 (b)		200,000		203,500
7.375% due 12/15/2014		500,000		549,795
Talisman Energy, Inc.
6.25% due 02/01/2038		2,015,000		1,898,267
				4,159,062
Investment Companies - 0.04%
Allied Capital Corp.
6.625% due 07/15/2011		625,000		638,887
Leisure Time - 0.09%
MGM MIRAGE
6.00% due 10/01/2009		1,213,000		1,203,902
Mohegan Tribal Gaming Authority
6.375% due 07/15/2009		135,000		134,325
				1,338,227
Liquor - 0.09%
Anheuser-Busch Companies, Inc.
6.50% due 02/01/2043		1,232,000		1,250,768
Metal & Metal Products - 0.11%
Alcan, Inc.
5.00% due 06/01/2015		590,000		563,844
CODELCO, Inc.
5.625% due 09/21/2035		1,200,000		1,095,839
				1,659,683
Mining - 0.05%
Corporacion Nacional del Cobre
5.50% due 10/15/2013		702,000		705,307
Petroleum Services - 0.13%
Valero Logistics Operations LP
6.05% due 03/15/2013		1,875,000		1,882,412
Pharmaceuticals - 0.11%
Hospira, Inc.
5.90% due 06/15/2014		110,000		110,041
Schering Plough Corp.
5.55% due 12/01/2013		630,000		625,771
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016		475,000		461,438
6.15% due 02/01/2036		475,000		451,314
				1,648,564
Real Estate - 0.92%
Boston Properties, Ltd., REIT
6.25% due 01/15/2013		1,763,000		1,790,462
Camden Property Trust, REIT
5.00% due 06/15/2015		360,000		328,009
Colonial Properties Trust, REIT
6.25% due 06/15/2014		1,380,000		1,377,615

The accompanying notes are an integral part of the financial statements. 

241

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
Developers Diversified Realty Corp., REIT
4.625% due 08/01/2010	$	125,000	$	123,241
Health Care Property Investors, Inc., REIT
6.30% due 09/15/2016		1,690,000		1,658,446
6.45% due 06/25/2012		648,000		665,674
Health Care, Inc., REIT
6.00% due 11/15/2013		523,000		519,344
6.20% due 06/01/2016		985,000		954,988
Hospitality Properties Trust, REIT
6.75% due 02/15/2013		2,100,000		2,169,512
Rouse Company LP, REIT
6.75% due 05/01/2013		1,065,000		1,044,694
Rouse Company, REIT
5.375% due 11/26/2013		1,135,000		1,018,901
Simon Property Group LP, REIT
5.75% due 12/01/2015		1,000,000		977,039
6.10% due 05/01/2016		1,000,000		997,302
				13,625,227
Retail - 0.07%
CVS Caremark Corp
6.302% due 06/01/2037 (b)		1,000,000		971,869
Telecommunications Equipment &
Services - 0.33%
Deutsche Telekom International Finance BV
8.00% due 06/15/2010		721,000		772,322
8.25% due 06/15/2030		510,000		624,323
France Telecom SA
7.75% due 03/01/2011		470,000		505,213
8.50% due 03/01/2031		1,280,000		1,645,198
SBC Communications, Inc.
4.125% due 09/15/2009		40,000		39,349
5.10% due 09/15/2014		40,000		38,706
5.625% due 06/15/2016		550,000		545,330
Singapore Telecommunications, Ltd.
6.375% due 12/01/2011		75,000		78,518
Verizon Communications, Inc.
7.375% due 09/01/2012		618,000		672,856
				4,921,815
Telephone - 0.44%
AT&T, Inc.
6.80% due 05/15/2036		985,000		1,054,215
BellSouth Corp.
4.20% due 09/15/2009		125,000		123,093
Sprint Capital Corp.
6.125% due 11/15/2008		882,000		888,491
6.375% due 05/01/2009		188,000		190,925
6.875% due 11/15/2028		188,000		181,438
8.375% due 03/15/2012		1,138,000		1,252,978
8.75% due 03/15/2032		1,205,000		1,381,820
Telecom Italia Capital SA
4.00% due 01/15/2010		150,000		146,043
4.00% due 11/15/2008		125,000		123,241

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone (continued)
Verizon New York, Inc., Series A
6.875% due 04/01/2012	$	1,133,000	$	1,193,508
				6,535,752
Tobacco - 0.03%
Altria Group, Inc.
7.00% due 11/04/2013		466,000		506,414
Transportation - 0.01%
Overseas Shipholding Group, Inc.
8.25% due 03/15/2013		100,000		103,125
Utility Service - 0.07%
Public Service Company of New Mexico
4.40% due 09/15/2008		968,000		958,809
TOTAL CORPORATE BONDS (Cost $199,345,336)			$	193,349,772
COLLATERALIZED MORTGAGE
OBLIGATIONS - 5.17%
Banc of America Commercial Mortgage, Inc.,
Series 2005-2, Class AJ
4.953% due 07/10/2043		1,085,000		1,019,634
Banc of America Large Loan,
Series 2005-MIB1, Class B
6.0125% due 03/15/2022 (b)		2,740,000		2,726,827
Bank of America Commercial Mortgage, Inc.,
Series 2005-5, Class XC
0.05% IO due 10/10/2045		389,231,756		1,851,108
Bank of America Commercial Mortgage, Inc.,
Series 2001-3, Class A1
4.89% due 04/11/2037		68,527		68,349
Bear Stearns Asset Backed Securities, Inc., Series
2003-AC4, Class A
5.00% due 09/25/2033		910,362		888,130
Bear Stearns Asset Backed Securities, Inc., Series
2004-AC5, Class A1
5.25% due 10/25/2034		786,997		769,612
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR6 MTG, Class X1
0.16% IO due 11/11/2041		59,057,377		1,016,472
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-PWR8, Class AJ
4.75% due 06/11/2041		1,000,000		927,167
Bear Stearns Mortgage Funding Trust, Series
2006-AR4, Class A1
5.34% due 12/25/2036 (b)		2,322,664		2,269,608
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class C
7.928% due 07/15/2032		1,000,000		1,072,843
Commercial Mortgage Pass Through Certificates,
Series 2003-LB1A, Class A2
4.084% due 06/10/2038		375,000		353,072
Commercial Mortgage Pass Through Certificates,
Series 2005-C6, Class B
5.218% due 06/10/2044 (b)		1,800,000		1,727,809
Commercial Mortgage Pass Through Certificates,
Series 2005-FL11, Class AJ
5.9525% due 11/15/2017 (b)		1,835,000		1,826,845

The accompanying notes are an integral part of the financial statements. 

242

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Countrywide Alternative Loan Trust,
Series 2004-J7, Class 1A2
4.673% due 08/25/2034	$	270,879	$	270,118
Countrywide Home Loans, Series 2003-57, Class A1
5.50% due 01/25/2034		471,584		470,533
Countrywide Home Loans,
Series 2005-12, Class 2A5
5.50% due 05/25/2035		107,005		106,007
Countrywide Home Loans,
Series 2005-HYB5, Class 1A2
4.87% due 09/20/2035 (b)		3,042,446		3,020,841
Credit Suisse Mortgage Capital Certificates,
Series 2006-TFLA, Class B
5.9825% due 04/15/2021 (b)		2,265,000		2,258,603
CS First Boston Mortgage Securities Corp, Series
2000-C1, Class A2
7.545% due 04/15/2062		1,533,000		1,603,886
CS First Boston Mortgage Securities Corp, Series
2003-CPN1, Class A1
3.727% due 03/15/2035		2,984,226		2,921,129
CS First Boston Mortgage Securities Corp.,
Series 2001-CF2, Class A3
6.238% due 02/15/2034		135,561		135,380
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		250,000		252,925
CS First Boston Mortgage Securities Corp.,
Series 2001-CP4, Class A4
6.18% due 12/15/2035		275,000		284,551
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		125,000		129,534
CS First Boston Mortgage Securities Corp.,
Series 2004-C4, Class A4
4.283% due 10/15/2039		150,000		145,546
CS First Boston Mortgage Securities Corp.,
Series 2005-5, Class 4A1
6.25% due 07/25/2035		188,221		184,750
CS First Boston Mortgage Securities Corp.,
Series 2005-C1, Class AX
0.1161% IO due 02/15/2038 (b)		96,473,674		1,102,964
CS First Boston Mortgage Securities Corp.,
Series 2005-C2, Class B
5.016% due 04/15/2037		1,210,000		1,139,631
Federal National Mortgage Association,
Series 2002-W3, Class A5
7.50% due 01/25/2028		37,278		38,907
First Horizon Alternative Mortgage Securities,
Series 2004-AA2, Class 2A1
5.0275% due 08/25/2034 (b)		2,413,407		2,401,637
First Union National Bank Commercial Mortgage
Trust, Series 2001-C2, Class A1
6.204% due 01/12/2043		195,674		196,096
First Union National Bank Commercial Mortgage
Trust, Series 2002-C1, Class A1
5.585% due 02/12/2034		215,185		216,895

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
First Union-Lehman Brothers-Bank of America,
Series 1998-C2, Class E
6.778% due 11/18/2035	$	1,333,000	$	1,424,424
GE Capital Commercial Mortgage Corp.,
Series 2001-3, Class A2
6.07% due 06/10/2038		2,375,000		2,455,503
GE Capital Commercial Mortgage Corp.,
Series 2002-2A, Class A3
5.349% due 08/11/2036		150,000		150,846
GE Capital Commercial Mortgage Corp.,
Series 2005-C2, Class C
5.133% due 05/10/2043		925,000		878,025
G-Force LLC, Series 2005-RR2, Class A4B
5.422% due 12/25/2039		1,835,000		1,783,363
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class XC
0.1423% IO due 08/10/2042 (b)		81,443,791		1,320,082
Greenwich Capital Commercial Funding Corp.,
Series 2002-C1, Class A2
4.112% due 01/11/2017		383,697		378,165
GS Mortgage Securities Corp. II, Series 2004-GG2,
Class XC
0.1420% IO due 08/10/2038 (b)		154,168,355		1,605,586
GS Mortgage Securities Corp. II, Series 2005-GG4,
Class XC
0.1777% IO due 07/10/2039 (b)		44,009,358		847,845
Hilton Hotels Pool Trust, Series 2000-HLTA, Class B
6.165% due 10/03/2015 (b)		95,000		93,825
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2002-C1, Class A3
5.376% due 07/12/2037		370,000		372,369
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2004-CBX, Class A2
3.89% due 01/12/2037		288,963		284,747
LB-UBS Commercial Mortgage Trust, Series
2000-C4, Class A2
7.37% due 08/15/2026		3,197,293		3,362,782
LB-UBS Commercial Mortgage Trust,
Series 2005-C3, Class G
5.111% due 07/15/2040		735,000		657,009
LB-UBS Commercial Mortgage Trust,
Series 2005-C5, Class A2
4.885% due 09/15/2040		2,500,000		2,492,605
Lehman XS Trust, Series 2007-5H, Class 3A4
6.45% due 05/25/2037		5,552,295		5,558,702
Merrill Lynch Mortgage Trust, Series 2005-CIP1,
Class XC
0.0549% IO due 07/12/2038		215,059,405		1,344,186
Merrill Lynch Mortgage Trust, Series 2005-MCP1,
Class XC
0.0913% IO due 06/12/2043 (b)		66,926,355		856,798
Merrill Lynch Mortgage Trust, Series 2006-C2,
Class X
0.5739% IO due 08/12/2043		33,221,347		893,943
Morgan Stanley Capital I, Series 1999-FNV1,
Class A2
6.53% due 03/15/2031		1,043,754		1,055,708

The accompanying notes are an integral part of the financial statements. 

243

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Multi Security Asset Trust, Series 2005-RR4A,
Class F
5.88% due 11/28/2035	$	946,000	$	797,228
Residential Asset Mortgage Products, Inc., Series
2004-SL2, Class A1
6.50% due 10/25/2016		971,124		989,293
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		120,000		124,324
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A2
6.226% due 12/18/2035		23,235		23,205
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A3
6.428% due 12/18/2035		925,000		960,002
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036		1,000,000		961,640
SBA CMBS Trust, Series 2005-1A, Class C
5.731% due 11/15/2035		1,118,000		1,113,529
Sequoia Mortgage Trust, Series 2005-3, Class A1
5.6963% due 05/20/2035 (b)		571,965		564,793
Structured Asset Securities Corp.,
Series 1998-RF2, Class A
8.5157% due 07/15/2027 (b)		28,094		28,052
Timberstar Trust, Series 2006-1A, Class A
5.668% due 10/15/2036		1,980,000		1,987,880
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C17, Class XC
0.0768% IO due 03/15/2042 (b)		77,616,676		664,608
WaMu Commercial Mortgage Securities Trust,
Series 2007-SL3, Class A
6.1149% due 03/23/2045		971,097		985,197
WaMu Commercial Mortgage Securities Trust,
Series 2006-SL1, Class A
5.4207% due 11/23/2043		2,326,562		2,300,225
WAMu Mortgage Pass-Through Certificates,
Series 2005-AR12, Class 1A8
4.8347% due 10/25/2035 (b)		3,470,855		3,425,260
Washington Mutual Mortgage Pass-Through,
Series 2005-1, Class 6A1
6.50% due 03/25/2035		105,929		106,555
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR10, Class 2A6
4.1085% due 06/25/2035 (b)		275,000		270,292
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $78,098,352)			$	76,516,005
ASSET BACKED SECURITIES - 4.32%
Alesco Preferred Funding, Ltd., Series 12A, Class B
5.96% due 07/15/2037 (b)		690,000		657,915
Alesco Preferred Funding, Ltd., Series 14A, Class B
5.86% due 09/23/2037 (b)		690,000		648,600
Alesco Preferred Funding, Ltd.,
Series 15A, Class B1
5.89% due 12/23/2037 (b)		685,000		651,038
Ansonia CDO, Ltd.
5.812% due 07/28/2046		2,470,000		2,261,606

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Arbor Realty Mortgage Securities, Series
2006-1A, Class C
5.96% due 01/26/2042 (b)	$	770,000	$	687,880
Arbor Realty Mortgage Securities, Series
2006-1A, Class F
6.41% due 01/26/2042 (b)		1,280,000		1,067,686
Argent Securities, Inc., Series 2004-W1, Class M3
6.5813% due 03/25/2034 (b)		2,000,000		1,858,124
Capital Trust Re CDO Ltd., Series 2005-1A, Class C
6.2463% due 03/20/2050 (b)		1,120,000		1,041,712
Capital Trust Re CDO Ltd., Series 2005-1A, Class E
7.5963% due 03/20/2050 (b)		746,000		558,299
Capital Trust Re CDO Ltd., Series 2005-3A,
Class A1
5.094% due 06/25/2035		2,160,595		2,129,634
Centex Home Equity, Series 2004-D, Class AF4
4.68% due 06/25/2032		160,000		154,564
Centex Home Equity, Series 2005-A, Class M4
5.9313% due 01/25/2035 (b)		1,416,000		1,221,265
Countryplace Manufactured Housing Contract
Trust, Series 2005-1, Class A3
4.80% due 12/15/2035		275,000		256,850
Countrywide Asset-Backed Certificates, Series
2005-17, Class 1AF2
5.363% due 05/25/2036		3,000,000		2,969,799
Credit-Based Asset Servicing and Securitization,
Series 2006-MH1, Class B1
6.25% due 09/25/2036		1,080,000		807,872
Credit-Based Asset Servicing and Securitization,
Series 2005-CB8, Class AF2
5.303% due 12/25/2035		2,500,000		2,471,251
Credit-Based Asset Servicing and Securitization,
Series 2006-CB2, Class AF2
5.501% due 12/25/2036 (b)		3,000,000		2,975,423
CW Capital Cobalt I, Series 2005-1A, Class A1
5.785% due 05/25/2045 (b)		2,098,713		2,040,306
Dillon Read CMBS CDO, Ltd.,Series 2006-1A,
Class A3
6.06% due 12/05/2046		1,370,000		1,233,137
Equity One ABS, Inc., Series 2004-1, Class M2
5.115% due 04/25/2034		656,418		596,629
Equity One ABS, Inc., Series 2004-1, Class M3
5.26% due 04/25/2034		839,712		750,916
Equity One ABS, Inc., Series 2004-2, Class AV2
5.3813% due 07/25/2034 (b)		75,813		71,401
Green Tree Financial Corp., Series 1996-8, Class A6
7.60% due 10/15/2027		936,517		973,200
Greenpoint Manufactured Housing,
Series 2000-7, Class A1
6.0425% due 06/17/2022 (b)		12,545		12,552
GSAA Home Equity Trust, Series 2006-10,
Class AF3
5.9846% due 06/25/2036		3,000,000		2,988,932
Highland Park CDO, Ltd., Series 2006-1A, Class A2
5.905% due 11/25/2051 (b)		1,100,000		1,073,954
JER CDO, Series 2006-2A, Class AFL
5.461% due 03/25/2045 (b)		1,600,000		1,396,000

The accompanying notes are an integral part of the financial statements. 

244

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Long Beach Mortgage Loan Trust,
Series 2004-1, Class M3
5.8313% due 02/25/2034 (b)	$	1,600,000	$	1,517,777
Mesa West Capital CDO, Ltd.,
Series 2007-1A, Class A1
5.39% due 02/25/2047 (b)		920,000		889,381
New Century Home Equity Loan Trust,
Series 2004-A, Class AII5
5.25% due 08/25/2034		230,000		226,392
Newcastle CDO, Ltd., Series 2005-7A, Class 2FL
6.00% due 12/25/2050		1,740,000		1,627,873
N-Star Real Estate CDO, Ltd.,
Series 2006-7A, Class B
5.5113% due 06/22/2051 (b)		2,100,000		1,924,969
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class E
6.47% due 02/01/2041 (b)		1,040,000		918,798
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class G
6.67% due 02/01/2041 (b)		1,040,000		887,962
Option One Mortgage Loan Trust, Series 2005-1,
Class M1
5.6513% due 02/25/2035 (b)		866,000		819,786
Option One Mortgage Loan Trust, Series 2004-1,
Class M1
5.7313% due 01/25/2034 (b)		887,837		845,577
Ownit Mortgage Loan, Series 2006-1, Class AF2
5.29% due 12/25/2036		3,035,000		2,917,711
Ownit Mortgage Loan, Series 2006-2, Class A2B
5.6329% due 01/25/2037		2,500,000		2,459,608
Popular ABS Mortgage Pass-Through Trust,
Series 2005-4, Class AF3
4.9815% due 09/25/2035 (b)		2,850,000		2,809,260
Popular ABS Mortgage Pass-Through Trust,
Series 2005-6, Class A2
5.35% due 01/25/2036		2,200,000		2,178,195
Prima Capital Ltd., Series 2006-CR1A, Class A1
5.417% due 12/28/2048		3,398,068		3,358,778
RAIT Cre CDO, Ltd., Series 2006-1A, Class H
7.746% due 11/20/2046 (b)		255,000		196,549
RAIT Preferred Funding, Ltd., Series 2007-2A,
Class B
5.9313% due 06/25/2045 (b)		1,315,000		973,823
Residential Accredit Loans, Inc.,
Series 2004-QS16, Class 1A1
5.50% due 12/25/2034		172,555		171,029
Residential Asset Mortgage Products, Inc., Series
2005-RS6, Class A12
5.3713% due 06/25/2035 (b)		1,118,650		1,114,109
Residential Asset Mortgage Products, Inc.,
Series 2004-RS9, Class AI4
4.767% due 10/25/2032		235,981		232,053
Residential Asset Mortgage Products, Inc.,
Series 2004-RZ3, Class AI4
4.572% due 05/25/2033		150,000		142,422

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Residential Funding Mortgage Securities II, Series
2002-HI1, Class A7
6.90% due 01/25/2033	$	1,787,399	$	1,781,377
Structured Asset Securities Corp.,
Series 2004-16XS, Class A2
4.91% due 08/25/2034		79,020		78,710
Structured Asset Securities Corp.,
Series 2004-19XS, Class A2
4.37% due 10/25/2034		935,062		931,400
Structured Asset Securities Corp.,
Series 2004-6XS, Class M1
4.92% due 03/25/2034		1,073,277		974,411
Vanderbilt Acquisition Loan Trust,
Series 2002-1, Class A3
5.70% due 09/07/2023		89,147		89,491
Wells Fargo Home Equity Trust,
Series 2004-2, Class AI5
4.89% due 05/25/2034 (b)		250,000		242,361
TOTAL ASSET BACKED SECURITIES
(Cost $67,488,254)			$	63,866,347
SUPRANATIONAL OBLIGATIONS - 0.17%
Honduras - 0.07%
Central American Bank for Economic Integration
6.75% due 04/15/2013		900,000		959,772
Venezuela - 0.10%
Corporacion Andina de Fomento
5.20% due 05/21/2013		1,330,000		1,313,521
Corporacion Andina de Fomento, Series EXCH
6.875% due 03/15/2012		220,000		233,060
				1,546,581
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $2,538,660)			$	2,506,353
SHORT TERM INVESTMENTS - 8.22%
Federal Home Loan Bank Discount Notes
zero coupon due 10/11/2007 to
10/16/2007 ***	$	92,063,000	$	91,925,281
Federal National Mortgage Association Discount
Notes
zero coupon due 10/16/2007 ***		23,364,000		23,319,706
John Hancock Cash Investment Trust (c)		6,316,435		6,316,435
TOTAL SHORT TERM INVESTMENTS
(Cost $121,561,422)			$	121,561,422

The accompanying notes are an integral part of the financial statements. 

245

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.60%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$23,757,114 on 10/01/2007,
collateralized by $675,000 Federal
National Mortgage Association,
5.10% due 09/10/2009 (valued at
$679,219, including interest) and
$23,090,000 Federal Home Loan
Mortgage Corp., 5.45% due
09/02/2011 (valued at
$23,551,800, including interest) ***	$	23,749,000	$	23,749,000
TOTAL REPURCHASE AGREEMENTS
(Cost $23,749,000)			$	23,749,000
Total Investments (Managed Trust)
(Cost $1,556,597,464) - 107.78%			$	1,594,579,794
Liabilities in Excess of Other Assets - (7.78)%				(115,074,412)
TOTAL NET ASSETS - 100.00%			$	1,479,505,382
Mid Cap Index Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.03%
Advertising - 0.29%
Getty Images, Inc. *		40,200	$	1,119,168
ValueClick, Inc. *		85,227		1,914,198
				3,033,366
Aerospace - 0.40%
Alliant Techsystems, Inc. *		28,533		3,118,657
Sequa Corp., Class A *		6,217		1,030,654
				4,149,311
Air Travel - 0.29%
Airtran Holdings, Inc. *		77,825		765,798
Alaska Air Group, Inc. *		34,382		793,880
JetBlue Airways Corp. *		152,923		1,409,950
				2,969,628
Apparel & Textiles - 1.06%
Hanesbrands, Inc. *		81,449		2,285,459
Mohawk Industries, Inc. *		46,823		3,806,710
Phillips-Van Heusen Corp.		47,964		2,517,151
The Warnaco Group, Inc. *		38,650		1,510,056
Timberland Company, Class A *		42,688		809,364
				10,928,740
Auto Parts - 1.45%
ArvinMeritor, Inc.		61,390		1,032,580
BorgWarner, Inc.		49,211		4,504,283
Federal Signal Corp.		40,734		625,674
Gentex Corp.		122,101		2,617,845
Lear Corp. *		65,478		2,101,844
Modine Manufacturing Company		27,943		743,843

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Auto Parts (continued)
O'Reilly Automotive, Inc. *	97,544	$	3,258,945
			14,885,014
Auto Services - 0.40%
Avis Budget Group, Inc. *	88,144		2,017,616
Copart, Inc. *	61,258		2,106,663
			4,124,279
Banking - 3.66%
Associated Banc-Corp.	107,963		3,198,944
Astoria Financial Corp.	69,849		1,853,094
Bank of Hawaii Corp.	41,996		2,219,489
Cathay General Bancorp, Inc. (a)	42,440		1,366,992
City National Corp.	34,770		2,416,863
Colonial Bancgroup, Inc.	130,255		2,816,113
Cullen Frost Bankers, Inc.	50,179		2,514,971
First Community Bancorp	22,490		1,230,428
First Niagara Financial Group, Inc.	89,501		1,266,439
FirstMerit Corp.	68,359		1,350,774
Greater Bay Bancorp	43,456		1,199,386
New York Community Bancorp, Inc.	266,593		5,078,597
SVB Financial Group *	29,209		1,383,338
TCF Financial Corp.	92,741		2,427,959
Washington Federal, Inc.	74,207		1,948,676
Webster Financial Corp.	46,415		1,955,000
Westamerica Bancorp (a)	25,255		1,257,951
Wilmington Trust Corp.	57,759		2,246,825
			37,731,839
Biotechnology - 1.65%
Affymetrix, Inc. *	58,186		1,476,179
Cephalon, Inc. *	56,795		4,149,443
Charles River Laboratories International, Inc. *	57,682		3,238,844
Invitrogen Corp. *	39,335		3,214,850
Millennium Pharmaceuticals, Inc. *	272,196		2,762,789
Techne Corp. *	33,565		2,117,280
			16,959,385
Broadcasting - 0.17%
Belo Corp., Class A	74,657		1,296,046
Entercom Communications Corp.	22,455		434,055
			1,730,101
Building Materials & Construction - 1.04%
Dycom Industries, Inc. *	34,831		1,066,874
Granite Construction, Inc.	29,931		1,586,942
KBR, Inc. *	143,542		5,565,123
RPM International, Inc.	102,931		2,465,197
			10,684,136
Business Services - 6.03%
Acxiom Corp.	58,741		1,162,484
Alliance Data Systems Corp. *	66,871		5,178,490
Brinks Company	41,194		2,301,921
Cadence Design Systems, Inc. *	235,740		5,231,071
Catalina Marketing Corp. *	31,198		1,010,503

The accompanying notes are an integral part of the financial statements. 

246

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Ceridian Corp. *	122,463	$	4,254,365
ChoicePoint, Inc. *	63,838		2,420,737
Corporate Executive Board Company	30,723		2,280,876
CSG Systems International, Inc. *	36,140		767,975
Deluxe Corp.	44,340		1,633,486
DST Systems, Inc. *	45,272		3,884,790
Dun & Bradstreet Corp.	49,984		4,928,922
Fair Isaac Corp.	48,527		1,752,310
Gartner Group, Inc., Class A *	59,155		1,446,931
Global Payments, Inc.	68,755		3,040,346
Harte-Hanks, Inc.	42,033		827,209
Jacobs Engineering Group, Inc. *	101,855		7,698,201
Kelly Services, Inc., Class A	19,964		395,487
Korn/Ferry International *	41,084		678,297
Manpower, Inc.	71,895		4,626,443
MPS Group, Inc. *	86,442		963,828
Navigant Consulting Company *	37,884		479,611
Rollins, Inc.	24,240		646,966
Sotheby's	56,239		2,687,662
SRA International, Inc., Class A *	35,968		1,009,981
Wind River Systems, Inc. *	65,041		765,533
			62,074,425
Cellular Communications - 0.69%
RF Micro Devices, Inc. *	164,973		1,110,268
Telephone & Data Systems, Inc.	90,494		6,040,475
			7,150,743
Chemicals - 3.71%
Airgas, Inc.	67,296		3,474,493
Albemarle Corp.	67,349		2,976,826
Cabot Corp.	57,504		2,043,117
Chemtura Corp.	205,217		1,824,379
Cytec Industries, Inc.	35,663		2,438,993
Ferro Corp.	36,896		737,182
FMC Corp.	64,631		3,362,105
Lubrizol Corp.	58,666		3,816,810
Lyondell Chemical Company	215,285		9,978,460
Minerals Technologies, Inc.	16,373		1,096,991
Olin Corp.	62,772		1,404,837
Sensient Technologies Corp.	40,021		1,155,406
The Scotts Company, Class A	37,276		1,593,549
Valspar Corp.	85,416		2,324,169
			38,227,317
Coal - 0.40%
Arch Coal, Inc.	121,553		4,101,198
Colleges & Universities - 0.62%
Career Education Corp. *	77,473		2,168,469
Corinthian Colleges, Inc. *	71,858		1,143,261
ITT Educational Services, Inc. *	25,374		3,087,762
			6,399,492

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment - 2.48%
3Com Corp. *	339,346	$	1,676,369
Avocent Corp. *	42,917		1,249,743
CDW Corp. *	51,506		4,491,323
Diebold, Inc.	55,887		2,538,388
Ingram Micro, Inc., Class A *	124,135		2,434,287
Jack Henry & Associates, Inc.	66,740		1,725,896
National Instruments Corp.	48,660		1,670,498
Palm, Inc. * (a)	88,388		1,438,073
Parametric Technology Corp. *	97,555		1,699,408
Tech Data Corp. *	46,913		1,882,150
Western Digital Corp. *	186,024		4,710,128
			25,516,263
Construction & Mining Equipment - 0.45%
Joy Global, Inc.	91,778		4,667,829
Construction Materials - 0.86%
Florida Rock Industries, Inc.	42,014		2,625,455
Louisiana-Pacific Corp.	88,680		1,504,899
Martin Marietta Materials, Inc.	35,503		4,741,426
			8,871,780
Containers & Glass - 0.47%
Packaging Corp. of America	78,743		2,289,059
Sonoco Products Company	85,629		2,584,283
			4,873,342
Cosmetics & Toiletries - 0.17%
Alberto-Culver Company	71,522		1,773,030
Crude Petroleum & Natural Gas - 4.23%
Bill Barrett Corp. *	28,448		1,121,136
Cimarex Energy Company	70,605		2,630,036
Forest Oil Corp. *	74,728		3,216,293
Newfield Exploration Company *	110,378		5,315,805
Noble Energy, Inc.	145,815		10,212,883
Patterson-UTI Energy, Inc.	133,034		3,002,577
Pioneer Natural Resources Company	103,071		4,636,134
Plains Exploration & Production Company *	61,838		2,734,476
Pogo Producing Company	49,822		2,646,046
Quicksilver Resources, Inc. *	43,301		2,037,312
Southwestern Energy Company *	144,597		6,051,384
			43,604,082
Domestic Oil - 0.96%
Denbury Resources, Inc. *	103,662		4,632,655
Encore Aquisition Company *	45,178		1,429,883
Frontier Oil Corp.	91,006		3,789,490
			9,852,028
Drugs & Health Care - 0.14%
Perrigo Company	66,053		1,410,232
Educational Services - 0.38%
DeVry, Inc.	50,729		1,877,480
Strayer Education, Inc.	12,314		2,076,510
			3,953,990

The accompanying notes are an integral part of the financial statements. 

247

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Equipment - 0.82%
AMETEK, Inc.	90,923	$	3,929,692
Hubbell, Inc., Class B	50,371		2,877,192
Varian, Inc. *	25,918		1,648,644
			8,455,528
Electrical Utilities - 4.22%
Alliant Energy Corp.	95,079		3,643,427
Black Hills Corp.	32,066		1,315,347
DPL, Inc.	96,455		2,532,908
Great Plains Energy, Inc.	73,134		2,106,991
Hawaiian Electric Industries, Inc. (a)	70,097		1,521,806
IDACORP, Inc.	37,632		1,232,072
Northeast Utilities	131,575		3,759,098
NSTAR	90,725		3,158,137
OGE Energy Corp.	77,940		2,579,814
Pepco Holdings, Inc.	164,379		4,451,383
PNM Resources, Inc.	65,174		1,517,251
Puget Energy, Inc.	99,404		2,432,416
Quanta Services, Inc. *	144,208		3,814,302
Sierra Pacific Resources	188,254		2,961,235
Westar Energy, Inc.	77,704		1,908,410
Wisconsin Energy Corp.	99,338		4,473,190
			43,407,787
Electronics - 3.16%
Amphenol Corp., Class A	151,197		6,011,593
Arrow Electronics, Inc. *	105,115		4,469,490
Avnet, Inc. *	127,307		5,074,457
DRS Technologies, Inc.	34,925		1,925,066
Imation Corp.	29,041		712,376
Kemet Corp. *	71,141		522,886
Mentor Graphics Corp. *	76,085		1,148,883
Synopsys, Inc. *	123,100		3,333,548
Teleflex, Inc.	33,453		2,606,658
Thomas & Betts Corp. *	43,078		2,526,094
Vishay Intertechnology, Inc. *	158,286		2,062,467
Zebra Technologies Corp., Class A *	58,654		2,140,284
			32,533,802
Energy - 1.14%
Energy East Corp.	134,446		3,636,764
MDU Resources Group, Inc.	154,690		4,306,570
SCANA Corp.	99,098		3,839,056
			11,782,390
Financial Services - 3.51%
A.G. Edwards, Inc.	64,301		5,385,209
AmeriCredit Corp. *	97,257		1,709,778
Broadridge Financial Solutions, Inc.	118,251		2,240,856
Eaton Vance Corp.	104,984		4,195,161
Fidelity National Financial, Inc., Class A	187,647		3,280,070
GATX Corp.	43,694		1,867,919
IndyMac Bancorp, Inc. (a)	62,577		1,477,443
Jefferies Group, Inc.	95,134		2,647,579
MoneyGram International, Inc.	70,393		1,590,178

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Nuveen Investments, Inc., Class A	67,877	$	4,204,301
Raymond James Financial, Inc.	80,129		2,632,238
SEI Investments Company	108,119		2,949,486
Waddell & Reed Financial, Inc., Class A	71,179		1,923,968
			36,104,186
Food & Beverages - 1.26%
Hansen Natural Corp. *	50,241		2,847,660
Hormel Foods Corp.	61,464		2,199,182
J.M. Smucker Company	48,853		2,609,727
PepsiAmericas, Inc.	50,309		1,632,024
Smithfield Foods, Inc. *	99,207		3,125,020
Tootsie Roll Industries, Inc. (a)	22,898		607,484
			13,021,097
Forest Products - 0.31%
Rayonier, Inc.	66,123		3,176,549
Furniture & Fixtures - 0.04%
Furniture Brands International, Inc.	41,058		416,328
Gas & Pipeline Utilities - 1.94%
AGL Resources, Inc.	65,996		2,614,761
Aquila, Inc. *	318,372		1,276,672
Equitable Resources, Inc.	103,331		5,359,779
National Fuel Gas Company	70,969		3,322,059
ONEOK, Inc.	88,243		4,182,718
Vectren Corp.	64,995		1,773,714
WGL Holdings, Inc.	41,885		1,419,483
			19,949,186
Healthcare Products - 4.37%
Advanced Medical Optics, Inc. *	51,354		1,570,919
Beckman Coulter, Inc.	52,579		3,878,227
Cytyc Corp. *	99,108		4,722,496
DENTSPLY International, Inc.	129,112		5,376,224
Edwards Lifesciences Corp. *	48,652		2,399,030
Gen-Probe, Inc. *	44,964		2,993,703
Henry Schein, Inc. *	75,651		4,602,607
Hillenbrand Industries, Inc.	52,612		2,894,712
Intuitive Surgical, Inc. *	32,065		7,374,950
Kyphon, Inc. *	38,991		2,729,370
ResMed, Inc. *	65,818		2,821,618
STERIS Corp.	55,197		1,508,534
Ventana Medical Systems, Inc. *	24,849		2,134,777
			45,007,167
Healthcare Services - 2.50%
Apria Healthcare Group, Inc. *	37,133		965,829
Cerner Corp. *	55,740		3,333,810
Covance, Inc. *	54,113		4,215,403
Health Net, Inc. *	94,502		5,107,833
Kindred Healthcare, Inc. *	27,110		485,540
Lincare Holdings, Inc. *	72,117		2,643,088
Omnicare, Inc.	103,315		3,422,826
Psychiatric Solutions, Inc. *	46,146		1,812,615

The accompanying notes are an integral part of the financial statements. 

248

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services (continued)
WellCare Health Plans, Inc. *	35,426	$	3,734,963
			25,721,907
Homebuilders - 0.65%
Hovnanian Enterprises, Inc., Class A * (a)	31,175		345,731
M.D.C. Holdings, Inc.	29,593		1,211,537
NVR, Inc. *	4,623		2,173,966
Ryland Group, Inc.	35,543		761,686
Toll Brothers, Inc. *	107,847		2,155,862
			6,648,782
Hotels & Restaurants - 0.98%
Applebee's International, Inc.	63,621		1,582,891
Bob Evans Farms, Inc.	30,034		906,426
Boyd Gaming Corp.	47,680		2,043,088
Brinker International, Inc.	89,317		2,450,858
CBRL Group, Inc.	20,777		847,702
Ruby Tuesday, Inc.	43,897		805,071
The Cheesecake Factory, Inc. *	61,288		1,438,429
			10,074,465
Household Products - 0.98%
Blyth, Inc.	21,798		445,769
Church & Dwight, Inc.	55,980		2,633,299
Energizer Holdings, Inc. *	48,383		5,363,256
Tupperware Brands Corp.	52,466		1,652,154
			10,094,478
Industrial Machinery - 4.21%
AGCO Corp. *	77,691		3,944,372
Cameron International Corp. *	92,320		8,520,213
Crane Company	43,055		2,065,348
Donaldson Company, Inc.	60,631		2,531,951
Flowserve Corp.	48,437		3,689,931
FMC Technologies, Inc. *	110,060		6,346,060
Graco, Inc.	55,750		2,180,382
Grant Prideco, Inc. *	108,955		5,940,227
IDEX Corp.	69,132		2,515,713
Kennametal, Inc.	33,095		2,779,318
Lincoln Electric Holdings, Inc.	36,423		2,826,789
			43,340,304
Industrials - 0.89%
Fastenal Company	107,436		4,878,669
Harsco Corp.	71,506		4,238,160
			9,116,829
Insurance - 4.13%
American Financial Group, Inc.	63,850		1,821,002
Arthur J. Gallagher & Company	80,950		2,345,122
Brown & Brown, Inc.	96,557		2,539,449
Commerce Group, Inc.	38,600		1,137,542
Everest Re Group, Ltd.	53,695		5,919,337
First American Corp.	81,341		2,978,707
Hanover Insurance Group, Inc.	44,075		1,947,674
HCC Insurance Holdings, Inc.	95,645		2,739,273

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Horace Mann Educators Corp.	36,647	$	722,312
Mercury General Corp.	30,212		1,629,333
Old Republic International Corp.	196,700		3,686,158
PMI Group, Inc.	73,486		2,402,992
Protective Life Corp.	59,579		2,528,533
Radian Group, Inc. (a)	68,289		1,589,768
Stancorp Financial Group, Inc.	44,895		2,222,752
Unitrin, Inc.	44,543		2,208,887
W.R. Berkley Corp.	139,983		4,147,696
			42,566,537
Internet Retail - 0.08%
Netflix, Inc. * (a)	41,941		869,018
Internet Software - 1.20%
CheckFree Corp. *	74,979		3,489,523
Digital River, Inc. *	34,090		1,525,527
F5 Networks, Inc. *	71,547		2,660,833
McAfee, Inc. *	135,503		4,724,990
			12,400,873
Leisure Time - 0.57%
Callaway Golf Company	60,172		963,354
International Speedway Corp., Class A	26,523		1,216,345
Life Time Fitness, Inc. * (a)	26,895		1,649,739
Scientific Games Corp., Class A *	55,124		2,072,662
			5,902,100
Life Sciences - 0.31%
Pharmaceutical Product Development, Inc.	88,751		3,145,335
Manufacturing - 1.99%
Carlisle Companies, Inc.	52,983		2,574,974
Lancaster Colony Corp.	18,568		708,741
Mine Safety Appliances Company	24,922		1,174,075
Nordson Corp.	28,677		1,439,872
Pentair, Inc.	84,754		2,812,138
Roper Industries, Inc.	75,238		4,928,089
SPX Corp.	46,269		4,282,659
Trinity Industries, Inc.	68,888		2,586,055
			20,506,603
Medical-Hospitals - 1.06%
Community Health Systems, Inc. *	81,446		2,560,662
Health Management Associates, Inc., Class A	205,950		1,429,293
Lifepoint Hospitals, Inc. *	49,312		1,479,853
Universal Health Services, Inc., Class B	45,787		2,491,729
VCA Antech, Inc. *	71,343		2,978,570
			10,940,107
Metal & Metal Products - 1.03%
Commercial Metals Company	101,671		3,217,887
Matthews International Corp., Class A	26,589		1,164,598
Reliance Steel & Aluminum Company	56,372		3,187,273
Timken Company	80,604		2,994,439
			10,564,197

The accompanying notes are an integral part of the financial statements. 

249

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Mining - 0.30%
Cleveland-Cliffs, Inc.	34,848	$	3,065,579
Mobile Homes - 0.13%
Thor Industries, Inc.	29,369		1,321,311
Newspapers - 0.44%
Lee Enterprises, Inc.	33,739		525,316
Washington Post Company, Class B	4,922		3,951,382
			4,476,698
Office Furnishings & Supplies - 0.28%
Herman Miller, Inc.	52,244		1,417,902
HNI Corp.	40,709		1,465,524
			2,883,426
Paper - 0.21%
Bowater, Inc. (a)	47,780		712,877
Potlatch Corp.	33,156		1,493,015
			2,205,892
Petroleum Services - 1.75%
Exterran Holdings, Inc. *	55,880		4,489,399
Helmerich & Payne, Inc.	87,712		2,879,585
Pride International, Inc. *	141,661		5,177,710
Superior Energy Services, Inc. *	69,194		2,452,235
Tidewater, Inc.	47,371		2,976,794
			17,975,723
Pharmaceuticals - 1.52%
Endo Pharmaceutical Holdings, Inc. *	113,851		3,530,519
Medicis Pharmaceutical Corp., Class A (a)	47,419		1,446,754
Par Pharmaceutical Companies, Inc. *	30,134		559,287
PDL BioPharma, Inc. *	99,239		2,144,555
Sepracor, Inc. *	91,152		2,506,680
Valeant Pharmaceuticals International *	78,099		1,208,973
Vertex Pharmaceuticals, Inc. *	111,923		4,298,962
			15,695,730
Publishing - 0.45%
American Greetings Corp., Class A	47,265		1,247,796
John Wiley & Sons, Inc., Class A	37,954		1,705,273
Media General, Inc., Class A	19,216		528,632
Scholastic Corp. *	22,087		769,953
Valassis Communications, Inc. *	40,669		362,768
			4,614,422
Real Estate - 4.12%
AMB Property Corp., REIT	84,867		5,075,895
Cousins Properties, Inc., REIT	31,711		931,035
Duke Realty Corp., REIT	122,000		4,124,820
Equity One, Inc., REIT	31,354		852,829
Highwoods Properties, Inc., REIT	48,528		1,779,522
Hospitality Properties Trust, REIT	79,735		3,241,228
Jones Lang LaSalle, Inc.	31,787		3,266,432
Liberty Property Trust, REIT	77,518		3,116,999
Mack-California Realty Corp., REIT	57,699		2,371,429
Nationwide Health Properties, Inc., REIT	77,264		2,327,964
Regency Centers Corp., REIT	59,041		4,531,397

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
The Macerich Company, REIT	61,049	$	5,346,671
UDR, Inc., REIT	114,454		2,783,521
Weingarten Realty Investors, REIT	65,355		2,709,618
			42,459,360
Retail Grocery - 0.10%
Ruddick Corp.	31,392		1,052,888
Retail Trade - 5.96%
99 Cents Only Stores *	39,865		409,414
Advance Auto Parts, Inc.	90,088		3,023,353
Aeropostale, Inc. *	65,477		1,247,992
American Eagle Outfitters, Inc.	182,547		4,802,812
AnnTaylor Stores Corp. *	52,850		1,673,759
Barnes & Noble, Inc.	43,064		1,518,437
BJ's Wholesale Club, Inc. *	55,289		1,833,383
Borders Group, Inc.	49,975		666,167
CarMax, Inc. *	184,875		3,758,509
Charming Shoppes, Inc. *	104,099		874,432
Chico's FAS, Inc. *	149,514		2,100,672
Coldwater Creek, Inc. *	52,490		570,041
Collective Brands, Inc. *	55,659		1,227,837
Dick's Sporting Goods, Inc. *	35,218		2,364,889
Dollar Tree Stores, Inc. *	80,847		3,277,537
Foot Locker, Inc.	131,110		2,009,916
GameStop Corp., Class A *	135,093		7,612,490
MSC Industrial Direct Company, Inc., Class A	40,358		2,041,711
NBTY, Inc. *	48,069		1,951,601
Pacific Sunwear of California, Inc. *	59,462		880,038
PetSmart, Inc.	114,308		3,646,425
Regis Corp.	37,508		1,196,880
Rent-A-Center, Inc. *	58,746		1,065,065
Ross Stores, Inc.	116,470		2,986,291
Saks, Inc. *	121,818		2,089,179
United Rentals, Inc. *	62,036		1,995,698
Urban Outfitters, Inc. *	95,777		2,087,939
Williams-Sonoma, Inc.	76,526		2,496,278
			61,408,745
Sanitary Services - 1.10%
Aqua America, Inc. (a)	112,610		2,553,995
Republic Services, Inc.	139,466		4,561,933
Stericycle, Inc. *	74,428		4,254,304
			11,370,232
Semiconductors - 2.84%
Atmel Corp. *	415,232		2,142,597
Cree, Inc. * (a)	71,990		2,238,889
Cypress Semiconductor Corp. *	131,128		3,830,249
Fairchild Semiconductor International, Inc. *	105,534		1,971,375
Integrated Device Technology, Inc. *	166,710		2,580,671
International Rectifier Corp. *	61,596		2,032,052
Intersil Corp., Class A	113,096		3,780,799
Lam Research Corp. *	114,734		6,110,733
Lattice Semiconductor Corp. *	97,474		437,658

The accompanying notes are an integral part of the financial statements. 

250

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Micrel, Inc.	47,432	$	512,266
Semtech Corp. *	53,986		1,105,633
Silicon Laboratories, Inc. *	46,893		1,958,252
Triquint Semiconductor, Inc. *	118,117		579,954
			29,281,128
Software - 1.32%
ACI Worldwide, Inc. *	31,149		696,180
Activision, Inc. *	242,493		5,235,424
Advent Software, Inc. *	14,850		697,504
Macrovision Corp. *	46,624		1,148,349
NCR Corp. *	153,000		3,990,240
Sybase, Inc. *	77,612		1,795,166
			13,562,863
Steel - 0.78%
Carpenter Technology Corp.	21,938		2,852,160
Steel Dynamics, Inc.	80,279		3,749,029
Worthington Industries, Inc. (a)	58,582		1,380,192
			7,981,381
Telecommunications Equipment &
Services - 1.37%
ADC Telecommunications, Inc. *	99,810		1,957,274
ADTRAN, Inc.	51,774		1,192,355
Andrew Corp. *	132,516		1,835,347
CommScope, Inc. *	52,379		2,631,521
NeuStar, Inc., Class A *	64,913		2,225,867
Plantronics, Inc.	40,828		1,165,639
Polycom, Inc. *	77,687		2,086,673
Powerwave Technologies, Inc. *	111,050		684,068
UTStarcom, Inc. * (a)	90,327		330,597
			14,109,341
Telephone - 0.76%
Cincinnati Bell, Inc. *	210,747		1,041,090
Harris Corp.	116,719		6,745,191
			7,786,281
Tobacco - 0.11%
Universal Corp.	23,243		1,137,745
Transportation - 1.36%
Alexander & Baldwin, Inc.	36,516		1,830,547
Con-way, Inc.	38,897		1,789,262
Expeditors International of Washington, Inc.	180,923		8,557,658
Overseas Shipholding Group, Inc.	24,142		1,854,830
			14,032,297
Trucking & Freight - 0.78%
J.B. Hunt Transport Services, Inc.	79,254		2,084,380
Oshkosh Truck Corp.	62,906		3,898,285
Werner Enterprises, Inc.	39,037		669,485
YRC Worldwide, Inc. *	48,985		1,338,270
			7,990,420
TOTAL COMMON STOCKS (Cost $927,216,069)		$	1,019,828,567

Mid Cap Index Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 3.81%
Dresdner U.S. Finance, Inc.
5.16% due 10/01/2007	$	17,750,000	$	17,744,912
John Hancock Cash Investment Trust (c)		20,078,741		20,078,741
U.S. Treasury Bills
zero coupon due 12/13/2007		1,400,000		1,389,062
TOTAL SHORT TERM INVESTMENTS
(Cost $39,212,715)			$	39,212,715
Total Investments (Mid Cap Index Trust)
(Cost $966,428,784) - 102.84%			$	1,059,041,282
Liabilities in Excess of Other Assets - (2.84)%				(29,241,864)
TOTAL NET ASSETS - 100.00%			$	1,029,799,418
Mid Cap Intersection Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.08%
Aerospace - 1.10%
Teledyne Technologies, Inc. *		14,700	$	784,833
Woodward Governor Company		40,000		2,496,000
				3,280,833
Air Travel - 0.67%
Delta Air Lines, Inc. *		41,500		744,925
SkyWest, Inc.		49,600		1,248,432
				1,993,357
Aluminum - 0.32%
Century Aluminum Company *		18,000		947,700
Apparel & Textiles - 0.60%
Crocs, Inc. *		17,800		1,197,050
Phillips-Van Heusen Corp.		11,580		607,718
				1,804,768
Auto Parts - 1.32%
BorgWarner, Inc.		15,600		1,427,868
TRW Automotive Holdings Corp. *		79,700		2,524,896
				3,952,764
Auto Services - 0.97%
Avis Budget Group, Inc. *		127,477		2,917,949
Banking - 0.61%
Comerica, Inc.		35,600		1,825,568
Biotechnology - 1.79%
Cephalon, Inc. *		54,217		3,961,094
Millennium Pharmaceuticals, Inc. *		138,621		1,407,003
				5,368,097
Building Materials & Construction - 1.52%
Dycom Industries, Inc. *		33,800		1,035,294
Foster Wheeler, Ltd. *		3,600		472,608
KBR, Inc. *		53,761		2,084,314

The accompanying notes are an integral part of the financial statements. 

251

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Building Materials & Construction
(continued)
Lennox International, Inc.	28,100	$	949,780
			4,541,996
Business Services - 5.46%
Cadence Design Systems, Inc. *	173,078		3,840,601
Computer Sciences Corp. *	14,900		832,910
DST Systems, Inc. *	43,314		3,716,774
Dun & Bradstreet Corp.	8,780		865,796
Manpower, Inc.	56,024		3,605,145
Perot Systems Corp., Class A *	91,000		1,538,810
Sotheby's	28,818		1,377,212
TeleTech Holdings, Inc. *	23,100		552,321
			16,329,569
Cellular Communications - 0.34%
Telephone & Data Systems, Inc.	15,141		1,010,662
Chemicals - 2.84%
Albemarle Corp.	29,908		1,321,934
Celanese Corp., Series A	26,300		1,025,174
CF Industries Holdings, Inc.	29,900		2,269,709
FMC Corp.	20,020		1,041,440
Lubrizol Corp.	13,989		910,124
Terra Industries, Inc. *	36,300		1,134,738
W. R. Grace & Company *	30,200		811,172
			8,514,291
Colleges & Universities - 1.52%
ITT Educational Services, Inc. *	37,477		4,560,576
Commercial Services - 0.34%
Chemed Corp.	16,600		1,031,856
Computers & Business Equipment - 2.42%
Electronics for Imaging, Inc. *	43,900		1,179,154
Ingram Micro, Inc., Class A *	212,876		4,174,498
Tech Data Corp. *	14,400		577,728
Western Digital Corp. *	52,200		1,321,704
			7,253,084
Containers & Glass - 0.59%
Owens-Illinois, Inc. *	42,400		1,757,480
Crude Petroleum & Natural Gas - 5.83%
Cabot Oil & Gas Corp.	35,500		1,248,180
Cimarex Energy Company	28,508		1,061,923
Noble Energy, Inc.	112,660		7,890,706
Patterson-UTI Energy, Inc.	43,878		990,327
Sunoco, Inc.	38,800		2,746,264
Unit Corp. *	72,400		3,504,160
			17,441,560
Drugs & Health Care - 0.25%
West Pharmaceutical Services, Inc.	18,100		754,046
Electrical Utilities - 3.68%
CenterPoint Energy, Inc.	164,800		2,641,744
DTE Energy Company	29,200		1,414,448

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
Northeast Utilities	148,007	$	4,228,560
NSTAR	17,588		612,238
Pepco Holdings, Inc.	55,092		1,491,891
Puget Energy, Inc.	25,120		614,687
			11,003,568
Electronics - 4.11%
Amphenol Corp., Class A	53,221		2,116,067
Arrow Electronics, Inc. *	31,338		1,332,492
Avnet, Inc. *	49,170		1,959,916
Belden, Inc.	25,600		1,200,896
Mentor Graphics Corp. *	102,091		1,541,574
Teleflex, Inc.	20,341		1,584,971
Vishay Intertechnology, Inc. *	196,377		2,558,792
			12,294,708
Energy - 2.68%
Energen Corp.	74,400		4,249,728
MDU Resources Group, Inc.	135,429		3,770,343
			8,020,071
Financial Services - 3.84%
Affiliated Managers Group, Inc. *	38,300		4,883,633
CIT Group, Inc.	12,100		486,420
E*TRADE Financial Corp. *	126,300		1,649,478
MF Global, Ltd. *	31,300		907,700
UMB Financial Corp.	83,300		3,570,238
			11,497,469
Food & Beverages - 0.27%
Tyson Foods, Inc., Class A	45,800		817,530
Gas & Pipeline Utilities - 1.33%
Global Industries, Ltd. *	23,000		592,480
Questar Corp.	14,400		756,432
UGI Corp.	100,900		2,621,382
			3,970,294
Healthcare Products - 1.46%
Beckman Coulter, Inc.	48,055		3,544,537
STERIS Corp.	30,100		822,633
			4,367,170
Healthcare Services - 3.58%
Coventry Health Care, Inc. *	36,900		2,295,549
Health Net, Inc. *	101,528		5,487,588
Pediatrix Medical Group, Inc. *	10,300		673,826
Weight Watchers International, Inc.	39,400		2,267,864
			10,724,827
Homebuilders - 0.11%
NVR, Inc. *	695		326,824
Household Appliances - 1.10%
Whirlpool Corp.	37,100		3,305,610
Household Products - 1.92%
Church & Dwight, Inc.	25,903		1,218,477
Energizer Holdings, Inc. *	8,542		946,881

The accompanying notes are an integral part of the financial statements. 

252

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Products (continued)
Newell Rubbermaid, Inc.	94,000	$	2,709,080
Tempur-Pedic International, Inc.	24,800		886,600
			5,761,038
Industrial Machinery - 3.44%
AGCO Corp. *	27,440		1,393,129
Dresser-Rand Group, Inc. *	28,900		1,234,319
Gardner Denver, Inc. *	66,900		2,609,100
Grant Prideco, Inc. *	48,771		2,658,995
The Manitowoc Company, Inc.	54,200		2,399,976
			10,295,519
Industrials - 0.24%
Harsco Corp.	12,239		725,406
Insurance - 7.01%
Allied World Assurance Holdings, Ltd.	76,400		3,965,924
Ambac Financial Group, Inc.	3,600		226,476
American Financial Group, Inc.	18,435		525,766
Assurant, Inc.	21,500		1,150,250
Axis Capital Holdings, Ltd.	110,400		4,295,664
Everest Re Group, Ltd.	56,745		6,255,569
HCC Insurance Holdings, Inc.	21,127		605,077
MBIA, Inc.	13,000		793,650
Reinsurance Group of America, Inc.	55,800		3,163,302
			20,981,678
Internet Retail - 0.51%
Netflix, Inc. *	73,557		1,524,101
Internet Software - 0.76%
McAfee, Inc. *	64,869		2,261,982
Leisure Time - 0.19%
Regal Entertainment Group, Class A	26,400		579,480
Manufacturing - 2.18%
Acuity Brands, Inc.	71,600		3,614,368
Barnes Group, Inc.	28,900		922,488
Ceradyne, Inc. *	15,300		1,158,822
Mettler-Toledo International, Inc. *	8,100		826,200
			6,521,878
Medical-Hospitals - 0.76%
Lifepoint Hospitals, Inc. *	76,146		2,285,141
Metal & Metal Products - 3.15%
Commercial Metals Company	19,466		616,099
Precision Castparts Corp.	45,180		6,685,736
Reliance Steel & Aluminum Company	27,316		1,544,447
USEC, Inc. *	58,200		596,550
			9,442,832
Mining - 0.63%
Cleveland-Cliffs, Inc.	21,500		1,891,355
Paper - 0.26%
Rock-Tenn Company, Class A	26,500		765,850
Petroleum Services - 2.38%
Pride International, Inc. *	83,830		3,063,986

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services (continued)
SEACOR Holdings, Inc. *	18,900	$	1,797,390
Tesoro Corp.	49,100		2,259,582
			7,120,958
Pharmaceuticals - 3.55%
Alkermes, Inc. *	114,900		2,114,160
Amylin Pharmaceuticals, Inc. *	69,700		3,485,000
Barr Pharmaceuticals, Inc. *	31,900		1,815,429
Vertex Pharmaceuticals, Inc. *	53,056		2,037,881
Watson Pharmaceuticals, Inc. *	36,200		1,172,880
			10,625,350
Real Estate - 1.61%
Forest City Enterprises, Inc., Class A	28,800		1,588,608
Sunstone Hotel Investors, Inc., REIT	34,300		879,452
Taubman Centers, Inc., REIT	43,200		2,365,200
			4,833,260
Retail Grocery - 1.23%
SUPERVALU, Inc.	94,500		3,686,445
Retail Trade - 5.20%
Aaron Rents, Inc., Class B	23,500		524,050
Abercrombie & Fitch Company, Class A	42,600		3,437,820
Aeropostale, Inc. *	94,185		1,795,166
American Eagle Outfitters, Inc.	29,244		769,410
Big Lots, Inc. *	56,100		1,674,024
BJ's Wholesale Club, Inc. *	63,300		2,099,028
Dollar Tree Stores, Inc. *	38,196		1,548,466
Fossil, Inc. *	16,000		597,760
J. Crew Group, Inc. *	27,800		1,153,700
Rent-A-Center, Inc. *	76,000		1,377,880
The Men's Wearhouse, Inc.	11,500		580,980
			15,558,284
Semiconductors - 5.53%
Emulex Corp. *	45,100		864,567
Integrated Device Technology, Inc. *	52,800		817,344
Lam Research Corp. *	132,545		7,059,347
MKS Instruments, Inc. *	35,400		673,308
ON Semiconductor Corp. *	72,000		904,320
Semtech Corp. *	30,100		616,448
Teradyne, Inc. *	67,200		927,360
Varian Semiconductor Equipment
Associates, Inc. *	87,750		4,696,380
			16,559,074
Software - 0.39%
Sybase, Inc. *	50,741		1,173,639
Steel - 0.90%
Steel Dynamics, Inc.	57,400		2,680,580
Telecommunications Equipment &
Services - 1.86%
ADC Telecommunications, Inc. *	42,300		829,503
CommScope, Inc. *	10,300		517,472
NeuStar, Inc., Class A *	104,068		3,568,492

The accompanying notes are an integral part of the financial statements. 

253

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Intersection Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services (continued)
SAVVIS, Inc. *		16,500	$	639,870
				5,555,337
Telephone - 1.75%
CenturyTel, Inc.		49,300		2,278,646
Harris Corp.		35,981		2,079,342
U.S. Cellular Corp. *		8,900		873,980
				5,231,968
Tires & Rubber - 0.21%
Goodyear Tire & Rubber Company *		20,400		620,364
Toys, Amusements & Sporting Goods - 0.38%
Hasbro, Inc.		40,400		1,126,352
Trucking & Freight - 1.39%
Landstar Systems, Inc.		70,500		2,958,885
Werner Enterprises, Inc.		70,200		1,203,930
				4,162,815
TOTAL COMMON STOCKS (Cost $291,809,905)			$	293,584,913
REPURCHASE AGREEMENTS - 2.01%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$6,001,050 on 10/01/2007,
collateralized by $6,180,000
Federal Home Loan Mortgage
Corp., 5.625% due 11/23/2035
(valued at $6,121,580, including
interest) (c)	$	5,999,000	$	5,999,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,999,000)			$	5,999,000
Total Investments (Mid Cap Intersection Trust)
(Cost $297,808,905) - 100.09%			$	299,583,913
Liabilities in Excess of Other Assets - (0.09)%				(257,118)
TOTAL NET ASSETS - 100.00%			$	299,326,795
Mid Cap Stock Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.86%
Advertising - 2.05%
Focus Media Holding, Ltd., ADR *		453,900	$	26,335,278
Aerospace - 1.24%
Teledyne Technologies, Inc. *		299,500		15,990,305
Agriculture - 1.32%
The Mosaic Company *		316,300		16,928,376
Apparel & Textiles - 2.19%
Coach, Inc. *		265,200		12,536,004

Mid Cap Stock Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Apparel & Textiles (continued)
Crocs, Inc. * (a)	172,600	$	11,607,350
Liz Claiborne, Inc.	115,100		3,951,383
			28,094,737
Auto Parts - 0.97%
LKQ Corp. *	358,600		12,482,866
Biotechnology - 2.16%
Cephalon, Inc. * (a)	166,583		12,170,554
Charles River Laboratories International, Inc. *	277,400		15,576,010
			27,746,564
Building Materials & Construction - 0.83%
Foster Wheeler, Ltd. *	81,397		10,685,798
Business Services - 4.48%
Cadence Design Systems, Inc. *	829,800		18,413,262
DST Systems, Inc. *	130,600		11,206,786
Equifax, Inc.	289,900		11,050,988
Manpower, Inc.	169,800		10,926,630
Peace Mark Holdings, Ltd.	4,012,000		5,990,179
			57,587,845
Cable & Television - 0.86%
Net Servicos de Comunicacao SA, PR ADR * (a)	669,700		11,103,626
Cellular Communications - 0.27%
Millicom International Cellular SA * (a)	41,000		3,439,900
Chemicals - 6.55%
FMC Corp.	126,500		6,580,530
Hercules, Inc.	735,428		15,458,696
Kingboard Chemical Holdings, Ltd.	2,309,700		14,685,997
Potash Corp. of Saskatchewan, Inc.	106,500		11,257,050
Rhodia SA *	306,515		11,121,690
Terra Industries, Inc. *	802,100		25,073,646
			84,177,609
Containers & Glass - 2.61%
Owens-Illinois, Inc. *	488,200		20,235,890
Rexam PLC	1,186,680		13,342,018
			33,577,908
Crude Petroleum & Natural Gas - 4.67%
Chesapeake Energy Corp.	571,872		20,164,207
EOG Resources, Inc.	172,500		12,476,925
Forest Oil Corp. * (a)	312,900		13,467,216
Ultra Petroleum Corp. *	224,500		13,927,980
			60,036,328
Drugs & Health Care - 2.19%
Perrigo Company	565,900		12,081,965
Shionogi & Company, Ltd.	843,253		12,988,355
Zymogenetics, Inc. * (a)	232,600		3,035,430
			28,105,750
Electrical Equipment - 2.15%
FLIR Systems, Inc. *	320,400		17,746,956
Genlyte Group, Inc. *	153,041		9,834,415
			27,581,371

The accompanying notes are an integral part of the financial statements. 

254

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Stock Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics - 1.07%
Garmin, Ltd. (a)	114,800	$	13,707,120
Energy - 5.07%
Covanta Holding Corp. *	547,800		13,426,578
LDK Solar Company, Ltd., ADR *	237,512		16,364,577
SunPower Corp., Class A. * (a)	234,300		19,404,726
Suntech Power Holdings Company, Ltd., ADR *	398,500		15,900,150
(a)
			65,096,031
Financial Services - 3.12%
Interactive Data Corp.	507,300		14,305,860
Invesco PLC, SADR	484,900		13,237,770
Western Union Company	597,500		12,529,575
			40,073,205
Healthcare Products - 4.11%
Hologic, Inc. * (a)	336,900		20,550,900
Mindray Medical International, Ltd., ADR (a)	368,400		15,822,780
St. Jude Medical, Inc. *	290,400		12,797,928
The Medicines Company *	208,661		3,716,252
			52,887,860
Household Products - 1.25%
Jarden Corp. *	519,125		16,061,727
Industrial Machinery - 2.15%
Flowserve Corp.	192,300		14,649,414
Kennametal, Inc.	154,500		12,974,910
			27,624,324
International Oil - 1.00%
Noble Corp.	262,800		12,890,340
Internet Service Provider - 0.95%
Equinix, Inc. * (a)	137,700		12,212,613
Internet Software - 2.03%
Digital River, Inc. *	263,600		11,796,100
McAfee, Inc. *	408,800		14,254,856
			26,050,956
Leisure Time - 2.95%
DreamWorks Animation SKG, Inc., Class A *	368,761		12,323,993
Electronic Arts, Inc. *	457,300		25,604,227
			37,928,220
Manufacturing - 1.58%
Acuity Brands, Inc.	156,500		7,900,120
Snap-on, Inc.	250,900		12,429,586
			20,329,706
Metal & Metal Products - 1.18%
Cameco Corp.	327,748		15,155,068
Mining - 2.80%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	210,700		22,100,323
Teck Cominco, Ltd., Class B	291,300		13,897,923
			35,998,246

Mid Cap Stock Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services - 1.04%
GlobalSantaFe Corp.	175,600	$	13,349,112
Pharmaceuticals - 2.32%
Alkermes, Inc. *	387,499		7,129,982
Amylin Pharmaceuticals, Inc. * (a)	230,033		11,501,650
Elan Corp. PLC, SADR *	532,000		11,193,280
			29,824,912
Retail Trade - 11.98%
Abercrombie & Fitch Company, Class A	193,100		15,583,170
American Eagle Outfitters, Inc.	245,200		6,451,212
BJ's Wholesale Club, Inc. *	568,799		18,861,375
Dick's Sporting Goods, Inc. *	288,500		19,372,775
Dollar Tree Stores, Inc. *	330,000		13,378,200
Fossil, Inc. *	751,700		28,083,512
GameStop Corp., Class A *	168,900		9,517,515
Kohl's Corp. *	344,900		19,773,117
Luxottica Group SpA	316,908		10,755,337
Tiffany & Company (a)	231,493		12,118,658
			153,894,871
Sanitary Services - 0.96%
Allied Waste Industries, Inc. *	965,300		12,307,575
Semiconductors - 2.35%
Broadcom Corp., Class A *	427,000		15,559,880
NVIDIA Corp. *	404,850		14,671,764
			30,231,644
Software - 9.92%
Activision, Inc. *	906,300		19,567,017
Adobe Systems, Inc. *	431,900		18,856,754
Autodesk, Inc. *	258,800		12,932,236
Citrix Systems, Inc. *	322,800		13,015,296
NAVTEQ Corp. *	205,700		16,038,429
Nuance Communications, Inc. * (a)	225,000		4,344,750
Red Hat, Inc. *	46,690		927,730
UbiSoft Entertainment SA *	219,123		14,923,197
VeriFone Holdings, Inc. *	466,296		20,670,902
Verint Systems, Inc. *	240,900		6,263,400
			127,539,711
Telecommunications Equipment &
Services - 1.15%
NICE Systems, Ltd., ADR *	412,800		14,794,752
Toys, Amusements & Sporting Goods - 0.96%
Marvel Entertainment, Inc. * (a)	525,200		12,310,688
Transportation - 2.13%
Aircastle, Ltd.	484,700		16,198,674
C.H. Robinson Worldwide, Inc.	205,800		11,172,882
			27,371,556
Travel Services - 1.25%
Ctrip.com International, Ltd., ADR	309,700		16,042,460
TOTAL COMMON STOCKS (Cost $1,009,717,462)		$	1,257,556,958

The accompanying notes are an integral part of the financial statements. 

255

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Stock Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 11.09%
John Hancock Cash Investment Trust (c)	$	142,429,094	$	142,429,094
TOTAL SHORT TERM INVESTMENTS
(Cost $142,429,094)			$	142,429,094
REPURCHASE AGREEMENTS - 0.14%
Merrill Lynch Tri-Party Repurchase
Agreement dated 09/28/2007 at
5.10% to be repurchased at
$1,800,765 on 10/01/2007,
collateralized by $2,110,000
Federal National Mortgage
Association, 5.50% due
10/01/2021 (valued at $1,840,125,
including interest)	$	1,800,000	$	1,800,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,800,000)			$	1,800,000
Total Investments (Mid Cap Stock Trust)
(Cost $1,153,946,556) - 109.09%			$	1,401,786,052
Liabilities in Excess of Other Assets - (9.09)%				(116,772,368)
TOTAL NET ASSETS - 100.00%			$	1,285,013,684
Mid Cap Value Equity Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.93%
Advertising - 0.51%
Interpublic Group of Companies, Inc. *		69,646	$	722,926
Aerospace - 0.80%
Goodrich Corp.		16,607		1,133,096
Agriculture - 1.50%
The Mosaic Company *		39,740		2,126,885
Air Travel - 0.77%
AMR Corp. *		13,067		291,263
Continental Airlines, Inc., Class B *		12,462		411,620
UAL Corp. *		3,511		163,367
US Airways Group, Inc. *		8,473		222,416
				1,088,666
Apparel & Textiles - 1.85%
Liz Claiborne, Inc.		21,351		732,980
Mohawk Industries, Inc. * (a)		6,183		502,678
VF Corp.		17,225		1,390,918
				2,626,576
Auto Parts - 1.89%
ArvinMeritor, Inc.		23,410		393,756
Genuine Parts Company		6,602		330,100
Johnson Controls, Inc.		6,489		766,416
Magna International, Inc., Class A		5,095		490,699
WABCO Holdings, Inc.		15,096		705,738
				2,686,709

Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Automobiles - 2.46%
Ford Motor Company *	360,136	$	3,057,555
General Motors Corp.	11,642		427,261
			3,484,816
Building Materials & Construction - 1.78%
American Standard Companies, Inc.	45,294		1,613,372
Chicago Bridge & Iron Company N.V.	21,074		907,447
			2,520,819
Business Services - 4.54%
Computer Sciences Corp. *	21,422		1,197,490
Deluxe Corp.	16,585		610,991
Dun & Bradstreet Corp.	4,651		458,635
Electronic Data Systems Corp.	52,391		1,144,219
Fluor Corp.	10,268		1,478,387
Pitney Bowes, Inc.	7,810		354,730
R.H. Donnelley Corp. *	21,375		1,197,428
			6,441,880
Chemicals - 4.23%
Eastman Chemical Company	26,157		1,745,456
Imperial Chemical Industries PLC, ADR	13,971		737,669
Lubrizol Corp.	12,377		805,248
Lyondell Chemical Company	21,819		1,011,311
PPG Industries, Inc.	22,392		1,691,715
			5,991,399
Construction & Mining Equipment - 0.73%
National Oilwell Varco, Inc. *	7,137		1,031,297
Construction Materials - 0.33%
USG Corp. * (a)	12,387		465,132
Crude Petroleum & Natural Gas - 2.96%
Newfield Exploration Company *	23,351		1,124,584
Pioneer Natural Resources Company	26,331		1,184,368
Southwestern Energy Company *	30,537		1,277,974
Sunoco, Inc.	8,649		612,176
			4,199,102
Electrical Equipment - 0.88%
Cooper Industries, Ltd., Class A	24,495		1,251,450
Electrical Utilities - 4.54%
American Electric Power Company, Inc.	18,259		841,375
Consolidated Edison, Inc.	16,838		779,599
DTE Energy Company	17,577		851,430
Edison International	22,900		1,269,805
Mirant Corp. *	17,602		716,049
Pinnacle West Capital Corp.	22,152		875,226
PPL Corp.	23,750		1,099,625
			6,433,109
Electronics - 0.86%
Celestica, Inc. *	92,583		565,682
Solectron Corp. *	166,238		648,328
			1,214,010

The accompanying notes are an integral part of the financial statements. 

256

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy - 3.11%
Energy East Corp.	33,403	$	903,551
McDermott International, Inc. *	35,750		1,933,360
Sempra Energy	26,986		1,568,426
			4,405,337
Financial Services - 0.26%
Amvescap PLC	27,442		370,074
Food & Beverages - 1.12%
Del Monte Foods Company	56,854		596,967
Tyson Foods, Inc., Class A	55,631		993,013
			1,589,980
Forest Products - 0.77%
Rayonier, Inc.	22,824		1,096,465
Gas & Pipeline Utilities - 2.88%
El Paso Corp.	74,144		1,258,224
Enbridge, Inc. (a)	40,970		1,502,370
NiSource, Inc.	44,196		845,911
Questar Corp.	9,033		474,504
			4,081,009
Healthcare Services - 2.43%
Health Net, Inc. *	25,631		1,385,355
Humana, Inc. *	12,278		857,987
McKesson Corp.	7,647		449,567
Omnicare, Inc. (a)	22,560		747,413
			3,440,322
Holdings Companies/Conglomerates - 1.88%
Loews Corp.	35,707		1,726,434
Textron, Inc.	15,091		938,811
			2,665,245
Hotels & Restaurants - 0.90%
Hilton Hotels Corp.	27,551		1,280,846
Household Appliances - 0.67%
Whirlpool Corp.	10,651		949,004
Industrial Machinery - 5.66%
AGCO Corp. *	44,355		2,251,903
Cameron International Corp. *	17,498		1,614,891
Ingersoll-Rand Company, Ltd., Class A	41,807		2,277,227
Terex Corp. *	7,312		650,914
The Manitowoc Company, Inc.	27,849		1,233,154
			8,028,089
Insurance - 14.37%
ACE, Ltd.	40,511		2,453,751
Ambac Financial Group, Inc.	9,752		613,498
Aon Corp.	69,701		3,123,302
Axis Capital Holdings, Ltd.	34,447		1,340,333
Everest Re Group, Ltd.	31,876		3,514,010
Lincoln National Corp.	17,906		1,181,259
MBIA, Inc.	12,061		736,324
PartnerRe, Ltd.	29,472		2,327,993
Torchmark Corp.	2,323		144,770

Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Willis Group Holdings, Ltd.	20,045	$	820,642
XL Capital, Ltd., Class A	51,952		4,114,599
			20,370,481
International Oil - 1.91%
Hess Corp.	12,474		829,895
Nabors Industries, Ltd. *	9,633		296,408
Weatherford International, Ltd. *	23,528		1,580,611
			2,706,914
Internet Software - 0.74%
McAfee, Inc. *	30,152		1,051,400
Leisure Time - 2.61%
National Cinemedia, Inc.	41,112		920,909
Regal Entertainment Group, Class A (a)	54,110		1,187,714
Royal Caribbean Cruises, Ltd.	40,694		1,588,287
			3,696,910
Manufacturing - 3.87%
Eaton Corp.	28,841		2,856,412
Reddy Ice Holdings, Inc.	19,875		524,104
Rockwell Automation, Inc.	14,323		995,592
Stanley Works	19,817		1,112,328
			5,488,436
Medical-Hospitals - 0.31%
Health Management Associates, Inc., Class A	62,458		433,459
Mining - 1.30%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	17,545		1,840,295
Paper - 0.39%
MeadWestvaco Corp.	18,555		547,929
Petroleum Services - 2.67%
BJ Services Company	25,844		686,158
ENSCO International, Inc.	5,927		332,505
GlobalSantaFe Corp.	28,370		2,156,687
Smith International, Inc.	8,486		605,901
			3,781,251
Pharmaceuticals - 1.59%
Hospira, Inc. *	12,416		514,643
King Pharmaceuticals, Inc. *	27,299		319,944
Mylan Laboratories, Inc.	60,237		961,383
Watson Pharmaceuticals, Inc. *	13,975		452,790
			2,248,760
Photography - 0.66%
Eastman Kodak Company (a)	35,264		943,665
Railroads & Equipment - 1.43%
CSX Corp.	37,751		1,613,100
Kansas City Southern *	12,941		416,312
			2,029,412
Real Estate - 1.62%
Boston Properties, Inc., REIT	3,427		356,065
Equity Residential, REIT	22,601		957,379

The accompanying notes are an integral part of the financial statements. 

257

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Simon Property Group, Inc., REIT	5,967	$	596,700
The St. Joe Company, REIT (a)	11,584		389,338
			2,299,482
Retail Trade - 1.65%
Family Dollar Stores, Inc.	39,593		1,051,590
Macy's, Inc.	14,597		471,775
Ritchie Brothers Auctioneers, Inc. (a)	12,609		820,846
			2,344,211
Sanitary Services - 0.06%
Insituform Technologies, Inc., Class A *	5,847		89,050
Semiconductors - 4.30%
Intersil Corp., Class A	35,030		1,171,053
LSI Logic Corp. *	146,707		1,088,566
Maxim Integrated Products, Inc.	28,529		837,326
Microchip Technology, Inc.	21,569		783,386
Micron Technology, Inc. *	76,904		853,634
National Semiconductor Corp.	49,981		1,355,485
			6,089,450
Software - 0.78%
BMC Software, Inc. *	35,302		1,102,481
Steel - 0.56%
Nucor Corp.	13,290		790,356
Telecommunications Equipment &
Services - 0.85%
Embarq Corp.	4,732		263,099
Tellabs, Inc. *	99,464		946,897
			1,209,996
Telephone - 2.49%
CenturyTel, Inc.	31,043		1,434,807
Qwest Communications International, Inc. *	116,263		1,064,969
Windstream Corp.	72,999		1,030,746
			3,530,522
Tires & Rubber - 0.33%
Goodyear Tire & Rubber Company *	15,191		461,958
Tobacco - 2.78%
Loews Corp. - Carolina Group	37,914		3,117,668
Reynolds American, Inc. (a)	12,870		818,404
			3,936,072
Toys, Amusements & Sporting Goods - 0.35%
Hasbro, Inc.	17,624		491,357
TOTAL COMMON STOCKS (Cost $120,597,126)		$	138,808,090
CONVERTIBLE BONDS - 0.34%
Telephone - 0.34%
Qwest Communications International, Inc.
3.50% due 11/15/2025	289,000		478,295
TOTAL CONVERTIBLE BONDS (Cost $390,872)		$	478,295

Mid Cap Value Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 6.34%
John Hancock Cash Investment Trust (c)	$	6,883,972	$	6,883,972
Societe Generale North America, Inc.
5.10% due 10/01/2007		2,100,000		2,100,000
TOTAL SHORT TERM INVESTMENTS
(Cost $8,983,972)			$	8,983,972
Total Investments (Mid Cap Value Equity Trust)
(Cost $129,971,970) - 104.61%			$	148,270,357
Liabilities in Excess of Other Assets - (4.61)%				(6,537,174
TOTAL NET ASSETS - 100.00%			$	141,733,183
Mid Cap Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.08%
Advertising - 2.54%
Interpublic Group of Companies, Inc. *		1,383,794	$	14,363,782
Agriculture - 3.53%
Monsanto Company		69,204		5,933,551
The Mosaic Company *		262,471		14,047,448
				19,980,999
Auto Parts - 2.26%
ArvinMeritor, Inc.		154,900		2,605,418
Genuine Parts Company		203,307		10,165,350
				12,770,768
Building Materials & Construction - 1.46%
KBR, Inc. *		181,918		7,052,961
Owens Corning, Inc. *		47,200		1,182,360
				8,235,321
Business Services - 7.47%
Arbitron, Inc.		62,000		2,811,080
Cadence Design Systems, Inc. *		569,371		12,634,343
R.H. Donnelley Corp. *		259,647		14,545,425
R.R. Donnelley & Sons Company		334,661		12,235,206
				42,226,054
Chemicals - 3.58%
Chemtura Corp.		744,969		6,622,774
Eastman Chemical Company		167,938		11,206,503
Potash Corp. of Saskatchewan, Inc.		12,383		1,308,883
Valspar Corp.		40,000		1,088,400
				20,226,560
Containers & Glass - 3.24%
Ball Corp.		205,778		11,060,567
Pactiv Corp. *		253,927		7,277,548
				18,338,115
Crude Petroleum & Natural Gas - 2.30%
EOG Resources, Inc.		179,985		13,018,315

The accompanying notes are an integral part of the financial statements. 

258

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Domestic Oil - 1.03%
Range Resources Corp.	143,300	$	5,826,578
Electrical Equipment - 1.81%
Hubbell, Inc., Class B	179,163		10,233,791
Electrical Utilities - 7.27%
Ameren Corp.	248,958		13,070,295
CMS Energy Corp.	633,677		10,658,447
Northeast Utilities	444,379		12,695,908
Puget Energy, Inc.	191,043		4,674,822
			41,099,472
Food & Beverages - 4.07%
Coca-Cola Enterprises, Inc.	491,144		11,895,508
Dean Foods Company *	169,300		4,330,694
Smithfield Foods, Inc. *	214,904		6,769,476
			22,995,678
Gas & Pipeline Utilities - 2.34%
NiSource, Inc.	594,349		11,375,840
Southwest Gas Corp.	65,855		1,863,038
			13,238,878
Healthcare Products - 0.60%
Bausch & Lomb, Inc.	42,255		2,704,320
Covidien, Ltd.	16,405		680,807
			3,385,127
Healthcare Services - 0.77%
Healthsouth Corp. * (a)	249,917		4,376,047
Hotels & Restaurants - 1.12%
Brinker International, Inc.	229,952		6,309,883
Household Products - 1.26%
Newell Rubbermaid, Inc.	248,221		7,153,729
Industrial Machinery - 1.95%
Cummins, Inc.	42,666		5,456,555
W.W. Grainger, Inc.	61,412		5,600,160
			11,056,715
Insurance - 7.43%
ACE, Ltd.	96,537		5,847,246
Aetna, Inc.	78,672		4,269,530
Conseco, Inc. *	459,837		7,357,392
PartnerRe, Ltd.	133,685		10,559,778
SAFECO Corp.	69,720		4,268,258
XL Capital, Ltd., Class A	122,514		9,703,109
			42,005,313
Internet Software - 2.60%
McAfee, Inc. *	392,946		13,702,027
Openwave Systems, Inc. *	224,600		983,748
			14,685,775
Manufacturing - 1.62%
Pentair, Inc.	43,000		1,426,740
Snap-on, Inc.	156,466		7,751,326
			9,178,066

Mid Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Metal & Metal Products - 1.77%
Timken Company	269,456	$	10,010,290
Office Furnishings & Supplies - 1.80%
OfficeMax, Inc.	296,855		10,173,221
Paper - 2.11%
Bowater, Inc. (a)	357,935		5,340,390
MeadWestvaco Corp.	222,721		6,576,951
			11,917,341
Petroleum Services - 4.05%
GlobalSantaFe Corp.	145,234		11,040,689
Halliburton Company	309,106		11,869,670
			22,910,359
Pharmaceuticals - 4.00%
King Pharmaceuticals, Inc. *	859,771		10,076,516
Mylan Laboratories, Inc.	788,112		12,578,268
			22,654,784
Publishing - 0.25%
Idearc, Inc.	44,900		1,413,003
Real Estate - 0.82%
Host Hotels & Resorts, Inc., REIT	207,074		4,646,740
Retail Grocery - 2.65%
Safeway, Inc.	226,927		7,513,553
The Kroger Company	263,100		7,503,612
			15,017,165
Retail Trade - 1.77%
Foot Locker, Inc.	324,574		4,975,720
Macy's, Inc.	156,148		5,046,703
			10,022,423
Sanitary Services - 1.14%
Allied Waste Industries, Inc. *	506,100		6,452,775
Software - 1.28%
Sybase, Inc. *	313,344		7,247,647
Telecommunications Equipment &
Services - 9.37%
ADC Telecommunications, Inc. *	467,453		9,166,753
Avaya, Inc. *	407,756		6,915,542
Embarq Corp.	238,600		13,266,160
JDS Uniphase Corp. *	944,625		14,131,590
Tellabs, Inc. *	997,400		9,495,248
			52,975,293
Telephone - 5.98%
CenturyTel, Inc.	148,447		6,861,220
Qwest Communications International, Inc. *	2,221,012		20,344,470
Windstream Corp.	468,800		6,619,456
			33,825,146
Tires & Rubber - 0.84%
Goodyear Tire & Rubber Company *	155,800		4,737,878
TOTAL COMMON STOCKS (Cost $491,754,961)		$	554,709,031

The accompanying notes are an integral part of the financial statements. 

259

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 1.76%
John Hancock Cash Investment Trust (c)	$	9,938,032	$	9,938,032
TOTAL SHORT TERM INVESTMENTS
(Cost $9,938,032)			$	9,938,032
REPURCHASE AGREEMENTS - 2.06%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$11,670,986 on 10/01/2007,
collateralized by $11,755,000
Federal National Mortgage
Association, 6.00% due
08/29/2016 (valued at
$11,901,938, including interest)	$	11,667,000	$	11,667,000
TOTAL REPURCHASE AGREEMENTS
(Cost $11,667,000)			$	11,667,000
Total Investments (Mid Cap Value Trust)
(Cost $513,359,993) - 101.90%			$	576,314,063
Liabilities in Excess of Other Assets - (1.90)%				(10,718,200)
TOTAL NET ASSETS - 100.00%			$	565,595,863
Mid Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 90.31%
Advertising - 0.11%
Lamar Advertising Company, Class A *		4,600	$	225,262
Aerospace - 0.58%
Raytheon Company		18,300		1,167,906
Air Travel - 2.08%
Southwest Airlines Company		284,500		4,210,600
Apparel & Textiles - 0.67%
Cintas Corp.		27,200		1,009,120
Liz Claiborne, Inc.		10,100		346,733
				1,355,853
Auto Parts - 0.56%
TRW Automotive Holdings Corp. *		36,000		1,140,480
Auto Services - 0.83%
Hertz Global Holdings, Inc. *		73,700		1,674,464
Banking - 6.93%
Citizens Banking Corp.		49,000		789,390
Commerce Bancshares, Inc.		39,256		1,801,458
Cullen Frost Bankers, Inc.		16,700		837,004
First Horizon National Corp. (a)		92,900		2,476,714
First Niagara Financial Group, Inc.		89,600		1,267,840
NewAlliance Bancshares, Inc.		17,100		251,028
Northern Trust Corp.		32,300		2,140,521
Regions Financial Corp.		22,300		657,404
Valley National Bancorp (a)		28,074		622,681

Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Westamerica Bancorp (a)	36,100	$	1,798,141
Wilmington Trust Corp.	35,900		1,396,510
			14,038,691
Biotechnology - 0.51%
Affymetrix, Inc. *	13,000		329,810
Invitrogen Corp. *	5,600		457,688
Neurocrine Biosciences, Inc. * (a)	24,300		243,000
			1,030,498
Broadcasting - 2.71%
Cox Radio, Inc., Class A *	52,200		681,210
Discovery Holding Company *	66,300		1,912,755
Liberty Media Corp. - Capital, Series A *	2,314		288,857
XM Satellite Radio Holdings, Inc., Class A *	183,000		2,593,110
			5,475,932
Building Materials & Construction - 0.89%
Owens Corning, Inc. *	71,800		1,798,590
Business Services - 0.77%
Equifax, Inc.	19,800		754,776
H & R Block, Inc.	37,400		792,132
			1,546,908
Cable & Television - 2.60%
E.W. Scripps Company, Class A	80,900		3,397,800
EchoStar Communications Corp., Class A *	19,100		894,071
Gemstar-TV Guide International, Inc. *	140,900		980,664
			5,272,535
Colleges & Universities - 0.64%
Career Education Corp. *	46,500		1,301,535
Computers & Business Equipment - 2.61%
Seagate Technology	100,700		2,575,906
Sun Microsystems, Inc. *	482,300		2,705,703
			5,281,609
Construction Materials - 1.18%
Louisiana-Pacific Corp.	105,200		1,785,244
USG Corp. * (a)	16,300		612,065
			2,397,309
Cosmetics & Toiletries - 0.33%
Alberto-Culver Company	27,200		674,288
Crude Petroleum & Natural Gas - 1.86%
Compton Petroleum Corp *	48,700		454,858
Forest Oil Corp. *	20,000		860,800
Pogo Producing Company	46,100		2,448,371
			3,764,029
Educational Services - 0.83%
Apollo Group, Inc., Class A *	27,900		1,678,185
Electrical Equipment - 1.32%
Molex, Inc.	105,500		2,675,480
Electrical Utilities - 4.20%
Ameren Corp.	20,700		1,086,750

The accompanying notes are an integral part of the financial statements. 

260

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
Dynegy, Inc., Class A *	143,000	$	1,321,320
Mirant Corp. *	12,500		508,500
Pinnacle West Capital Corp.	69,700		2,753,847
TECO Energy, Inc.	172,600		2,835,818
			8,506,235
Electronics - 2.10%
AVX Corp.	123,100		1,981,910
Tyco Electronics, Ltd.	64,000		2,267,520
			4,249,430
Energy - 0.84%
Duke Energy Corp.	61,300		1,145,697
Energy East Corp.	20,300		549,115
			1,694,812
Financial Services - 3.14%
Discover Financial Services *	82,800		1,722,240
IndyMac Bancorp, Inc. (a)	33,500		790,935
Janus Capital Group, Inc.	72,000		2,036,160
State Street Corp.	11,536		786,294
Synovus Financial Corp.	28,600		802,230
Waddell & Reed Financial, Inc., Class A	7,900		213,537
			6,351,396
Food & Beverages - 5.20%
Coca-Cola Enterprises, Inc.	130,300		3,155,866
ConAgra Foods, Inc.	99,900		2,610,387
Hershey Company	5,000		232,050
McCormick & Company, Inc.	19,300		694,221
Sara Lee Corp.	150,400		2,510,176
Tootsie Roll Industries, Inc. (a)	32,000		848,960
Winn-Dixie Stores, Inc. *	25,400		475,488
			10,527,148
Gas & Pipeline Utilities - 1.75%
NiSource, Inc.	137,200		2,626,008
Spectra Energy Corp.	37,750		924,120
			3,550,128
Gold - 0.75%
AngloGold Ashanti, Ltd., SADR	32,500		1,523,925
Healthcare Products - 1.97%
Boston Scientific Corp. *	71,100		991,845
St. Jude Medical, Inc. *	58,900		2,595,723
Zimmer Holdings, Inc. *	5,000		404,950
			3,992,518
Healthcare Services - 3.37%
Healthsouth Corp. * (a)	113,360		1,984,933
Lincare Holdings, Inc. *	67,600		2,477,540
Omnicare, Inc.	7,600		251,788
Weight Watchers International, Inc.	36,450		2,098,062
			6,812,323
Holdings Companies/Conglomerates - 0.21%
Pearson PLC, SADR	27,000		417,420

Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Products - 1.46%
Newell Rubbermaid, Inc.	22,000	$	634,040
The Clorox Company	38,000		2,317,620
			2,951,660
Industrial Machinery - 0.50%
Dover Corp.	20,000		1,019,000
Insurance - 6.08%
Axis Capital Holdings, Ltd.	36,000		1,400,760
Cincinnati Financial Corp.	38,600		1,671,766
Genworth Financial, Inc., Class A	14,600		448,658
Lincoln National Corp.	16,175		1,067,064
Marsh & McLennan Companies, Inc.	153,000		3,901,500
OneBeacon Insurance Group, Ltd.	31,100		670,205
The Travelers Companies, Inc.	16,917		851,602
UnumProvident Corp.	19,600		479,612
Willis Group Holdings, Ltd.	44,600		1,825,924
			12,317,091
International Oil - 2.41%
Hess Corp.	23,100		1,536,843
Murphy Oil Corp.	47,900		3,347,731
			4,884,574
Leisure Time - 1.86%
Brunswick Corp.	81,100		1,853,946
Electronic Arts, Inc. *	34,200		1,914,858
			3,768,804
Liquor - 0.72%
Brown Forman Corp., Class B	19,300		1,445,763
Medical-Hospitals - 1.88%
Health Management Associates, Inc., Class A	203,500		1,412,290
Universal Health Services, Inc., Class B	44,000		2,394,480
			3,806,770
Paper - 3.14%
Bowater, Inc. (a)	17,700		264,084
Domtar Corp. *	38,400		314,880
International Paper Company	108,900		3,906,243
Smurfit-Stone Container Corp. *	160,600		1,875,808
			6,361,015
Petroleum Services - 2.54%
BJ Services Company	87,500		2,323,125
Exterran Holdings, Inc. *	35,102		2,820,095
			5,143,220
Pharmaceuticals - 3.07%
Barr Pharmaceuticals, Inc. *	33,000		1,878,030
OSI Pharmaceuticals, Inc. *	25,700		873,543
Sepracor, Inc. *	64,300		1,768,250
Valeant Pharmaceuticals International *	109,500		1,695,060
			6,214,883
Photography - 0.63%
Eastman Kodak Company	47,900		1,281,804

The accompanying notes are an integral part of the financial statements. 

261

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Publishing - 2.99%
Dow Jones & Company, Inc.	40,000	$	2,388,000
McClatchy Company, Class A (a)	24,000		479,520
Meredith Corp.	1,900		108,870
Scholastic Corp. *	62,200		2,168,292
The New York Times Company, Class A (a)	46,400		916,864
			6,061,546
Real Estate - 0.92%
The St. Joe Company, REIT (a)	55,600		1,868,716
Retail Trade - 2.07%
Family Dollar Stores, Inc.	47,200		1,253,632
Gap, Inc.	131,700		2,428,548
The TJX Companies, Inc.	17,600		511,632
			4,193,812
Sanitary Services - 2.97%
Allied Waste Industries, Inc. *	134,400		1,713,600
Nalco Holding Company	145,200		4,305,180
			6,018,780
Semiconductors - 3.04%
Fairchild Semiconductor International, Inc. *	111,200		2,077,216
Micron Technology, Inc. *	14,900		165,390
Novellus Systems, Inc. *	31,800		866,868
QLogic Corp. *	75,900		1,020,855
Teradyne, Inc. *	108,200		1,493,160
Xilinx, Inc.	20,000		522,800
			6,146,289
Software - 0.56%
Intuit, Inc. *	37,500		1,136,250
Telecommunications Equipment &
Services - 0.57%
Nortel Networks Corp. *	28,619		485,951
Tellabs, Inc. *	70,600		672,112
			1,158,063
Toys, Amusements & Sporting Goods - 0.44%
Mattel, Inc.	38,200		896,172
Transportation - 0.92%
Laidlaw International, Inc.	52,700		1,856,094
TOTAL COMMON STOCKS (Cost $171,380,940)		$	182,865,795
PREFERRED STOCKS - 0.39%
Sanitary Services - 0.39%
Allied Waste Industries, Inc., Series D *	2,400		796,668
TOTAL PREFERRED STOCKS (Cost $600,749)		$	796,668
CORPORATE BONDS - 0.96%
Healthcare Services - 0.11%
Health Management Associates, Inc.
1.50% due 08/01/2023	236,000		230,985

Mid Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services - 0.85%
Lucent Technologies Inc., Series B
2.75% due 06/15/2025	$	1,829,000	$	1,716,974
TOTAL CORPORATE BONDS (Cost $2,072,252)			$	1,947,959
CONVERTIBLE BONDS - 0.61%
Mining - 0.61%
Newmont Mining
1.625% due 07/15/2017		1,079,000		1,226,013
TOTAL CONVERTIBLE BONDS (Cost $1,172,724)			$	1,226,013
SHORT TERM INVESTMENTS - 11.16%
John Hancock Cash Investment Trust	$	13,052,280	$	13,052,280
T. Rowe Price Reserve Investment Fund		981,355		981,355
5.336% due 09/19/2034		8,570,219		8,570,219
TOTAL SHORT TERM INVESTMENTS
(Cost $22,603,854)			$	22,603,854
REPURCHASE AGREEMENTS - 2.94%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$5,946,031 on 10/01/2007,
collateralized by $5,830,000
Federal Home Loan Mortgage
Corp., 5.55% due 10/04/2016
(valued at $6,063,200, including
interest)	$	5,944,000	$	5,944,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,944,000)			$	5,944,000
Total Investments (Mid Value Trust)
(Cost $203,774,519) - 106.37%			$	215,384,289
Liabilities in Excess of Other Assets - (6.37)%				(12,894,584)
TOTAL NET ASSETS - 100.00%			$	202,489,705
Money Market Trust
		Shares or
		Principal
		Amount		Value
COMMERCIAL PAPER - 21.56%
Automobiles - 1.13%
BMW US Capital LLC
zero coupon due 10/01/2007		35,000,000	$	35,000,000
Banking - 9.94%
Abbey National PLC
zero coupon due 10/05/2007		50,000,000		49,972,861
Bank of America Corp.
zero coupon due 10/02/2007		25,855,000		12,602,319
Bank of Montreal
zero coupon due 10/02/2007		25,855,000		25,795,749

The accompanying notes are an integral part of the financial statements. 

262

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Money Market Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMERCIAL PAPER (continued)
Banking (continued)
National Australia Funding (Delaware), Inc.
zero coupon due 10/04/2007	50,000,000	$	49,980,417
Royal Bank of Scotland PLC
zero coupon due 10/03/2007	70,000,000		69,981,178
Societe Generale North America, Inc.
zero coupon due 10/01/2007	24,642,000		24,642,000
UBS Finance (Delaware) LLC
zero coupon due 10/02/2007	73,400,000		73,330,893
			306,305,417
Diversified Financial Services - 2.43%
General Electric Capital Corp.
zero coupon due 10/09/2007	75,000,000		74,922,000
Financial Services - 7.29%
American Honda Finance Corp.
zero coupon due 10/11/2007	30,000,000		29,956,583
Barclays U.S. Funding, LLC
zero coupon due 10/01/2007	35,000,000		35,000,000
CIT Group, Inc.
zero coupon due 10/15/2007	10,000,000		9,979,545
Dresdner U.S. Finance, Inc.
zero coupon due 10/01/2007	75,000,000		75,000,000
Windmill Funding Corp.
zero coupon due 10/02/2007	40,000,000		39,994,089
Yorktown Capital LLC
zero coupon due 10/23/2007	35,000,000		34,887,494
			224,817,711
Manufacturing - 0.77%
Siemens Capital Company, LLC
zero coupon due 10/03/2007	23,719,000		23,712,095
TOTAL COMMERCIAL PAPER (Cost $664,757,223)		$	664,757,223
U.S. GOVERNMENT AGENCY OBLIGATIONS - 56.33%
Federal Home Loan Bank - 25.56%
Federal Home Loan Bank Discount Notes
zero coupon due 10/03/2007 to
11/21/2007	789,831,000		787,932,671
Federal Home Loan Mortgage Corp. - 20.13%
Federal Home Loan Mortgage Corp. Discount Notes
zero coupon due 10/01/2007 to
10/29/2007	622,207,000		620,536,681
Federal National Mortgage
Association - 10.64%
Federal National Mortgage Association Discount
Notes
zero coupon due 10/01/2007 to
11/13/2007	328,379,000		327,938,625
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $1,736,407,977)		$	1,736,407,977

Money Market Trust (continued)
	Shares or
	Principal
	Amount		Value
U.S. TREASURY OBLIGATIONS - 22.54%
U.S. Treasury - 22.54%
U.S. Treasury Bills
zero coupon due 10/25/2007 to
02/28/2008	702,163,000	$	694,958,575
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $694,958,575)		$	694,958,575
Total Investments (Money Market Trust)
(Cost $3,096,123,775) - 100.43%		$	3,096,123,775
Liabilities in Excess of Other Assets - (0.43)%			(13,356,173)
TOTAL NET ASSETS - 100.00%		$	3,082,767,602
Money Market Trust B
	Shares or
	Principal
	Amount		Value
COMMERCIAL PAPER - 24.76%
Automobiles - 5.26%
BMW US Capital LLC
zero coupon due 10/02/2007	30,000,000	$	29,994,091
Banking - 7.88%
Bank of America Corp.
zero coupon due 10/11/207	15,000,000		14,980,209
Danske Corp.
zero coupon due 10/04/2007	15,000,000		14,993,925
Royal Bank of Scotland PLC
zero coupon due 10/03/2007	15,000,000		14,995,883
			44,970,017
Financial Services - 11.62%
Dresdner U.S. Finance, Inc.
zero coupon due 10/01/207	16,318,000		16,318,000
FRE Discount Notes
zero coupon due 10/02/2007	20,000,000		19,997,278
General Electric Capital Corp.
zero coupon due 10/15/2007	15,000,000		14,972,583
State Street Corp.
zero coupon due 10/04/2007	15,000,000		14,994,000
			66,281,861
TOTAL COMMERCIAL PAPER (Cost $141,245,969)		$	141,245,969
U.S. GOVERNMENT AGENCY OBLIGATIONS - 50.43%
Federal Home Loan Bank - 22.30%
Federal Home Loan Bank Discount Notes
zero coupon due 10/03/2007 to
11/21/2007	127,670,000		127,244,962
Federal Home Loan Mortgage Corp. - 16.61%
Federal Home Loan Mortgage Corp. Discount Notes
zero coupon due 10/24/2007 to
10/30/2007	95,088,000		94,771,724

The accompanying notes are an integral part of the financial statements. 

263

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Money Market Trust B (continued)
	Shares or
	Principal
	Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association - 11.52%
Federal National Mortgage Association Discount
Notes
zero coupon due 10/10/2007 to
11/07/2007	65,884,000	$	65,756,747
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $287,773,433)		$	287,773,433
U.S. TREASURY OBLIGATIONS - 23.85%
U.S. Treasury - 23.85%
U.S. Treasury Bills
zero coupon due 10/25/2007 to
02/28/2008	137,500,000		136,102,135
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $136,102,135)		$	136,102,135
Total Investments (Money Market Trust B)
(Cost $565,121,537) - 99.04%		$	565,121,537
Other Assets in Excess of Liabilities - 0.96%			5,472,380
TOTAL NET ASSETS - 100.00%		$	570,593,917
Mutual Shares Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 89.53%
Advertising - 0.41%
WPP Group PLC	84,225	$	1,136,688
Aerospace - 0.09%
GenCorp, Inc. *	20,641		246,866
Air Travel - 0.20%
Northwest Airlines Corp. *	31,405		559,009
Aluminum - 0.84%
Alcan Aluminum, Ltd.	19,353		1,936,848
Alcoa, Inc.	10,748		420,462
			2,357,310
Auto Parts - 0.49%
Federal Signal Corp.	37,282		572,652
Lear Corp. *	25,173		808,053
			1,380,705
Automobiles - 1.51%
DaimlerChrysler AG	16,378		1,644,939
General Motors Corp.	70,101		2,572,707
			4,217,646
Banking - 9.21%
ABN AMRO Holdings NV., SADR	400		21,000
ABN AMRO Holdings NV	23,714		1,245,827
Banco Popolare Scarl *	50,945		1,137,931
Centennial Bank Holdings, Inc. *	21,927		140,333

Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Danske Bank AS	59,500	$	2,409,286
Fortis	94,642		2,778,704
Hudson City Bancorp, Inc.	153,254		2,357,046
Intesa Sanpaolo SpA	237,106		1,825,490
Mitsubishi UFJ Financial Group, Inc.	116,000		1,103,751
Societe Generale	11,200		1,873,955
Sovereign Bancorp, Inc.	49,346		840,856
Sumitomo Mitsui Financial Group, Inc.	154		1,198,730
Swedbank AB - A shares	29,564		983,869
UnionBanCal Corp.	10,866		634,683
US Bancorp	190,198		6,187,141
Wachovia Corp.	20,693		1,037,754
			25,776,356
Broadcasting - 2.06%
Liberty Media Corp. - Capital, Series A *	14,715		1,836,873
News Corp., Class A	179,113		3,938,695
			5,775,568
Building Materials & Construction - 0.34%
Owens Corning, Inc. *	37,928		950,096
Business Services - 0.74%
Alliance Data Systems Corp. *	17,442		1,350,708
H & R Block, Inc.	34,166		723,636
			2,074,344
Cable & Television - 4.32%
Cablevision Systems Corp., Class A *	31,443		1,098,619
Comcast Corp., Special Class A *	83,642		2,004,062
Time Warner Cable, Inc. *	25,519		837,023
Time Warner, Inc.	180,509		3,314,145
Viacom, Inc., Class B *	56,054		2,184,425
Virgin Media, Inc.	109,160		2,649,313
			12,087,587
Cellular Communications - 2.07%
ALLTEL Corp.	22,895		1,595,324
Motorola, Inc.	226,766		4,201,974
			5,797,298
Chemicals - 0.23%
DSM NV	11,909		640,884
Computers & Business Equipment - 1.58%
Dell, Inc. *	118,227		3,263,065
Lexmark International, Inc. *	27,796		1,154,368
			4,417,433
Diversified Financial Services - 0.65%
Keppel Corp., Ltd.	188,083		1,824,695
Drugs & Health Care - 0.56%
Novartis AG	28,265		1,555,683
Electrical Utilities - 2.78%
Constellation Energy Group	39,336		3,374,636
E.ON AG	19,790		3,648,297
Exelon Corp.	7,497		564,974

The accompanying notes are an integral part of the financial statements. 

264

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
NorthWestern Corp.	6,937	$	188,478
			7,776,385
Electronics - 1.34%
Koninklijke (Royal) Philips Electronics NV	36,817		1,656,763
Tyco Electronics, Ltd.	59,520		2,108,794
			3,765,557
Energy - 1.98%
Energy East Corp.	35,526		960,979
RWE AG	15,209		1,907,250
TXU Corp.	39,043		2,673,274
			5,541,503
Financial Services - 3.39%
Bear Stearns Companies, Inc.	3,299		405,150
Cerberus Investors I LLC *	337,200		353,790
Cerberus Investors II LLC *	337,200		353,790
Cerberus Investors III LLC *	168,600		176,895
Citigroup, Inc.	62,782		2,930,036
Legg Mason, Inc.	8,405		708,457
SLM Corp.	68,544		3,404,581
Washington Mutual, Inc.	32,557		1,149,588
			9,482,287
Food & Beverages - 7.68%
Cadbury Schweppes PLC	241,604		2,792,734
Coca-Cola Enterprises, Inc.	92,510		2,240,592
General Mills, Inc.	11,946		692,988
Groupe DANONE	15,404		1,208,957
Kraft Foods, Inc., Class A	63,884		2,204,637
Nestle SA	7,780		3,485,621
Orkla ASA	289,569		5,152,245
Pernod-Ricard SA	12,326		2,681,866
Royal Numico NV	13,592		1,051,286
			21,510,926
Forest Products - 1.29%
Weyerhaeuser Company	49,791		3,599,889
Healthcare Products - 1.48%
Covidien, Ltd. *	46,225		1,918,338
Dade Behring Holdings, Inc.	10,023		765,256
Hillenbrand Industries, Inc.	16,894		929,508
MDS, Inc.	25,324		546,316
			4,159,418
Healthcare Services - 0.63%
Quest Diagnostics, Inc.	30,671		1,771,864
Holdings Companies/Conglomerates - 3.61%
ACE Aviation Holdings, Inc. *	30,289		808,801
Berkshire Hathaway, Inc., Class B *	2,350		9,287,200
Mondi, Ltd.	1,057		10,516
			10,106,517
Homebuilders - 0.06%
Beazer Homes USA, Inc.	21,738		179,338

Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hotels & Restaurants - 1.31%
Hilton Hotels Corp.	64,858	$	3,015,249
Wyndham Worldwide Corp.	20,287		664,602
			3,679,851
Industrial Machinery - 0.65%
Linde AG	14,792		1,831,612
Insurance - 5.47%
Alleghany Corp. *	4,007		1,626,842
Allianz AG	7,401		1,724,151
American International Group, Inc.	26,392		1,785,419
Conseco, Inc. *	54,545		872,720
Hartford Financial Services Group, Inc.	7,723		714,764
Nationwide Financial Services, Inc., Class A	1,668		89,772
Old Republic International Corp.	72,606		1,360,636
Prudential Financial, Inc.	11,397		1,112,119
The Travelers Companies, Inc.	15,785		794,617
White Mountains Insurance Group, Ltd.	8,598		4,468,810
Zurich Financial Services AG	2,566		767,701
			15,317,551
International Oil - 2.11%
Royal Dutch Shell PLC, A Shares	69,908		2,878,484
SeaDrill, Ltd., GDR *	70,678		1,583,376
Total SA	17,767		1,440,389
			5,902,249
Internet Software - 0.36%
CheckFree Corp. *	21,862		1,017,457
Liquor - 0.23%
Brown Forman Corp., Class B	8,803		659,433
Manufacturing - 1.66%
Siemens AG	24,694		3,385,298
Tyco International, Ltd.	28,632		1,269,543
			4,654,841
Medical-Hospitals - 0.79%
Community Health Systems, Inc. *	37,180		1,168,939
Tenet Healthcare Corp. *	309,304		1,039,262
			2,208,201
Mining - 0.62%
Anglo American PLC	25,790		1,729,249
Paper - 2.93%
Domtar Corp. *	112,839		925,280
International Paper Company	111,882		4,013,207
MeadWestvaco Corp.	23,614		697,322
Mondi PLC	2,644		25,064
Potlatch Corp.	74		3,332
Temple-Inland, Inc.	48,265		2,540,187
			8,204,392
Petroleum Services - 1.08%
BP PLC	127,751		1,477,994
Transocean, Inc. *	13,740		1,553,307
			3,031,301

The accompanying notes are an integral part of the financial statements. 

265

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals - 2.52%
Bristol-Myers Squibb Company	43,333	$	1,248,857
Pfizer, Inc.	134,733		3,291,527
Sanofi-Aventis SA	22,426		1,893,348
Valeant Pharmaceuticals International *	39,789		615,934
			7,049,666
Pollution Control - 0.33%
Suez SA	15,964		937,411
Publishing - 0.25%
Dow Jones & Company, Inc.	11,319		675,744
Sun-Times Media Group, Inc. *	6,870		15,595
			691,339
Real Estate - 1.36%
Alexander's, Inc., REIT *	3,725		1,435,987
Archstone-Smith Trust, REIT *	16,848		1,013,239
Link, REIT	202,372		443,855
The St. Joe Company, REIT	12,833		431,317
Ventas, Inc., REIT	11,419		472,747
			3,797,145
Retail Grocery - 1.34%
Carrefour SA	32,305		2,256,602
The Kroger Company	52,919		1,509,250
			3,765,852
Retail Trade - 3.29%
CVS Caremark Corp.	80,776		3,201,153
Home Depot, Inc.	98,602		3,198,649
Wal-Mart Stores, Inc.	64,249		2,804,469
			9,204,271
Semiconductors - 0.64%
LSI Logic Corp. *	243,092		1,803,743
Software - 1.36%
Microsoft Corp.	129,042		3,801,577
Steel - 0.65%
ArcelorMittal	23,118		1,820,623
Telecommunications Equipment &
Services - 1.35%
Chunghwa Telecom Company, Ltd., SADR	2,400		44,356
Embarq Corp.	17,345		964,382
Koninklijke (Royal) KPN NV	36,457		630,826
Telefonica SA	49,630		1,385,169
Verizon Communications, Inc.	16,938		750,015
			3,774,748
Tobacco - 7.55%
Altadis SA, Series A	16,980		1,191,174
Altria Group, Inc.	54,258		3,772,559
British American Tobacco PLC	146,938		5,248,203
Imperial Tobacco Group PLC	82,766		3,781,257
Japan Tobacco, Inc.	369		2,025,039
KT&G Corp.	24,201		1,890,806

Mutual Shares Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Tobacco (continued)
Reynolds American, Inc.		50,893	$	3,236,286
				21,145,324
Toys, Amusements & Sporting Goods - 0.83%
Mattel, Inc.		98,571		2,312,476
Transportation - 0.87%
A P Moller- Maersk AS		177		2,424,496
Trucking & Freight - 0.44%
Deutsche Post AG		42,465		1,231,685
TOTAL COMMON STOCKS (Cost $250,774,974)			$	250,688,345
TERM LOANS - 0.32%
Financial Services - 0.32%
Cerberus Investors I LLC
12.00% due 07/31/2014	$	337,200		353,790
Cerberus Investors II LLC
12.00% due 07/31/2014		168,600		176,895
Cerberus Investors III LLC
12.00% due 07/31/2014		337,200		353,791
				884,476
TOTAL TERM LOANS (Cost $843,000)			$	884,476
RIGHTS - 0.17%
Banking - 0.17%
Fortis (Expiration Date: 10/09/2007, Strike
Price: EUR 15.00) *		89,667		475,532
TOTAL RIGHTS (Cost $0)			$	475,532
CORPORATE BONDS - 0.08%
Air Travel - 0.01%
Northwest Airlines Corp.
zero coupon due 01/16/2017	$	170,000		14,450
Auto Parts - 0.01%
Dana Corp.
5.85% due 01/15/2015 ^		42,000		33,180
Electrical Utilities - 0.05%
Calpine Corp.
8.50% due 07/15/2010 ^ *		69,000		74,520
8.75% due 07/15/2013 ^ *		34,000		37,060
9.875% due 12/01/2011 ^ *		24,000		25,560
				137,140
Leisure Time - 0.01%
Trump Entertainment Resorts, Inc.
8.50% due 06/01/2015		33,000		27,473
TOTAL CORPORATE BONDS (Cost $226,896)			$	212,243
OPTIONS - 0.25%
Call Options - 0.12%
Meadwestvaco Corp.
Expiration 10/05/2007 at $zero *		11,690		344,972

The accompanying notes are an integral part of the financial statements. 

266

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Mutual Shares Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
Put Options - 0.13%
Dow Jones Euro Stoxx 50 Index
Expiration 06/20/2008 at $4088.73 *		660	$	112,729
S&P 500 Index
Expiration 06/21/2008 at $1250.00 *		6,100		123,830
Expiration 06/21/2008 at $1375.00 *		3,700		128,760
				365,319
TOTAL OPTIONS (Cost $946,954)			$	710,291
SHORT TERM INVESTMENTS - 9.81%
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2007 to
02/22/2008 ****	$	27,600,000	$	27,478,866
TOTAL SHORT TERM INVESTMENTS
(Cost $27,480,044)			$	27,478,866
Total Investments (Mutual Shares Trust)
(Cost $280,271,868) - 100.16%			$	280,449,753
Liabilities in Excess of Other Assets - (0.16)%				(445,081)
TOTAL NET ASSETS - 100.00%			$	280,004,672
Natural Resources Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.25%
Aluminum - 0.92%
Alcoa, Inc.		274,175	$	10,725,726
Coal - 3.42%
CONSOL Energy, Inc.		509,014		23,720,052
Peabody Energy Corp.		338,900		16,223,143
				39,943,195
Crude Petroleum & Natural Gas - 11.06%
Devon Energy Corp.		124,300		10,341,760
EOG Resources, Inc.		515,031		37,252,192
Newfield Exploration Company *		313,948		15,119,736
Noble Energy, Inc.		186,036		13,029,961
Rosneft Oil Company, GDR *		1,360,464		11,563,944
Ultra Petroleum Corp. *		198,400		12,308,736
XTO Energy, Inc.		478,314		29,578,938
				129,195,267
Domestic Oil - 5.21%
Denbury Resources, Inc. *		304,100		13,590,229
Suncor Energy, Inc.		320,293		30,371,808
Western Oil Sands, Inc. *		431,342		16,861,374
				60,823,411
Gas & Pipeline Utilities - 3.15%
Eni SPA, SADR (a)		374,100		27,593,616
Equitable Resources, Inc.		178,540		9,260,870
				36,854,486

Natural Resources Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Gold - 3.28%
AngloGold Ashanti, Ltd., SADR	275,500	$	12,918,195
Barrick Gold Corp.	290,672		11,708,268
Gold Fields, Ltd. (a)	759,657		13,702,279
			38,328,742
Holdings Companies/Conglomerates - 0.02%
Mondi, Ltd. (a)	19,842		197,400
International Oil - 26.22%
BP PLC, ADR	383,073		26,566,113
Canadian Natural Resources, Ltd.	629,067		47,716,009
ConocoPhillips	260,259		22,842,932
EnCana Corp.	589,508		36,394,862
Exxon Mobil Corp.	486,895		45,067,001
Gazprom OAO, SADR	617,600		27,236,160
Lukoil Oil Company, ADR	338,273		28,110,486
Petroleo Brasileiro SA, ADR	397,202		29,988,751
Royal Dutch Shell PLC, ADR	172,931		14,211,470
Talisman Energy, Inc.	1,433,702		28,108,418
			306,242,202
Metal & Metal Products - 16.78%
Alumina, Ltd.	2,837,402		17,936,347
Cameco Corp. (a)	842,778		38,970,055
Companhia Vale Do Rio Doce, ADR *	245,388		8,326,015
Companhia Vale Do Rio Doce, SADR	3,180,096		90,473,731
Vedanta Resources PLC	975,501		40,370,688
			196,076,836
Mining - 8.88%
Anglo American PLC	183,734		12,319,577
Anglo Platinum, Ltd. (a)	196,206		29,720,667
Freeport-McMoRan Copper & Gold, Inc.,
Class B	233,970		24,541,113
Xstrata PLC	561,481		37,132,852
			103,714,209
Paper - 1.09%
Bowater, Inc. (a)	364,500		5,438,340
Mondi PLC	50,498		478,707
Mondi, Ltd.	351		3,488
Smurfit-Stone Container Corp. *	581,700		6,794,256
			12,714,791
Petroleum Services - 12.37%
Baker Hughes, Inc.	205,000		18,525,850
GlobalSantaFe Corp.	189,677		14,419,246
Halliburton Company	440,798		16,926,643
Petro-Canada	276,769		15,856,254
Total SA, ADR	435,638		35,299,747
Valero Energy Corp.	647,034		43,467,744
			144,495,484
Steel - 4.85%
Arcelor Mittal, Class A (a)	429,294		33,639,478

The accompanying notes are an integral part of the financial statements. 

267

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Natural Resources Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Steel (continued)
Nucor Corp.		388,100	$	23,080,307
				56,719,785
TOTAL COMMON STOCKS (Cost $763,684,977)			$	1,136,031,534
PREFERRED STOCKS - 0.22%
Mining - 0.22%
Anglo American Platinum Corp., Ltd. *		46,952		2,578,543
TOTAL PREFERRED STOCKS (Cost $1,014,202)			$	2,578,543
SHORT TERM INVESTMENTS - 8.29%
John Hancock Cash Investment Trust (c)	$	96,875,263	$	96,875,263
TOTAL SHORT TERM INVESTMENTS
(Cost $96,875,263)			$	96,875,263
REPURCHASE AGREEMENTS - 2.53%
Merrill Lynch Tri-Party Repurchase
Agreement dated 09/28/2007 at
5.10% to be repurchased at
$29,512,537 on 10/01/2007,
collateralized by $17,802,111
Federal National Mortgage
Association, 5.50% due
10/01/2021 (valued at
$15,525,167, including interest)
and $14,615,000 Federal National
Mortgage Association, 6.00% due
08/01/2037 (valued at
$14,565,803, including interest)	$	29,500,000	$	29,500,000
TOTAL REPURCHASE AGREEMENTS
(Cost $29,500,000)			$	29,500,000
Total Investments (Natural Resources Trust)
(Cost $891,074,442) - 108.29%			$	1,264,985,340
Liabilities in Excess of Other Assets - (8.29)%				(96,835,522)
TOTAL NET ASSETS - 100.00%			$	1,168,149,818
Overseas Equity Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.80%
Australia - 2.95%
Amcor, Ltd. (a)		104,100	$	680,177
Asciano Group *		68,630		545,031
BHP Billiton, Ltd., SADR		6,500		510,900
Brambles, Ltd.		240,711		3,145,555
Foster's Group, Ltd. (a)		262,880		1,519,797
Macquarie Bank, Ltd. (a)		30,920		2,310,451
QBE Insurance Group, Ltd.		68,714		2,056,254
Telstra Corp., Ltd. (a)		334,416		1,290,888
Toll Holdings, Ltd.		69,437		805,955

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Woodside Petroleum, Ltd.	28,000	$	1,244,448
Woolworths, Ltd.	128,943		3,391,684
			17,501,140
Austria - 0.39%
Raiffeisen International Bank Holding AG (a)	10,500		1,530,212
Wienerberger Baustoffindustrie AG	12,900		804,446
			2,334,658
Belgium - 0.23%
UCB SA	23,431		1,378,541
Bermuda - 0.32%
Li & Fung, Ltd.	449,400		1,914,617
Brazil - 0.68%
Companhia Vale Do Rio Doce, ADR	119,200		4,044,456
Canada - 9.31%
Alcan Aluminum, Ltd.	19,102		1,902,817
Barrick Gold Corp.	272,600		10,980,328
Cameco Corp.	147,500		6,793,455
Canadian Imperial Bank of Commerce	12,900		1,286,698
Canadian National Railway Company	24,700		1,407,390
Canadian Natural Resources, Ltd.	69,400		5,264,131
EnCana Corp.	37,300		2,302,816
Fairfax Financial Holdings, Ltd.	3,900		949,483
Methanex Corp.	57,500		1,444,787
Potash Corp. of Saskatchewan, Inc.	124,000		13,076,545
Research In Motion, Ltd. *	11,700		1,148,095
Rogers Communications, Inc., Class B	27,900		1,268,195
Shaw Communications, Inc.	45,400		1,125,714
Sun Life Financial, Inc.	24,500		1,283,843
Suncor Energy, Inc.	30,700		2,911,130
Teck Cominco, Ltd.	29,600		1,403,114
Toronto Dominion Bank Ontario	10,700		819,565
			55,368,106
China - 0.21%
Industrial & Commercial Bank of China	1,781,000		1,244,757
Denmark - 0.56%
Novo Nordisk AS, Class B	9,900		1,191,759
Novo Nordisk AS	17,680		2,128,312
			3,320,071
Finland - 1.03%
Nokia AB Oyj	40,100		1,519,998
Rautaruukki Oyj	21,600		1,304,905
Stora Enso Oyj, R Shares (a)	54,900		1,066,256
UPM-Kymmene Oyj	92,007		2,218,631
			6,109,790
France - 11.86%
Accor SA	16,900		1,496,009
Air Liquide	26,822		3,579,399
AXA Group SA (a)	53,400		2,382,498
BNP Paribas SA	43,392		4,734,453

The accompanying notes are an integral part of the financial statements. 

268

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Bouygues SA	107,984	$	9,287,127
Carrefour SA	15,200		1,061,766
Dassault Systemes SA (a)	25,600		1,675,039
Electricite de France	11,700		1,233,489
Groupe DANONE	47,900		3,759,352
Lafarge SA (a)	20,500		3,166,810
L'Oreal SA (a)	46,164		6,038,508
PagesJaunes Groupe SA (a)	31,961		654,821
PSA Peugeot Citroen SA (a)	24,500		2,016,197
Renault Regie Nationale SA	9,300		1,343,695
Rhodia SA *	30,200		1,095,787
Sanofi-Aventis SA (a)	86,142		7,272,664
Schneider Electric SA	28,114		3,541,561
Societe Generale	19,282		3,226,214
Thales SA (a)	400		23,380
Total SA	98,500		7,985,495
Veolia Environnement SA	43,431		3,729,093
Vivendi SA	28,913		1,216,811
			70,520,168
Germany - 5.08%
Allianz AG	20,228		4,712,353
Bayer AG	25,800		2,047,613
Commerzbank AG	23,958		967,062
Continental AG	19,000		2,619,836
DaimlerChrysler AG	73,800		7,412,171
Deutsche Bank AG	19,029		2,445,269
Hypo Real Estate Holding AG (a)	18,600		1,054,646
Infineon Technologies AG * (a)	66,800		1,148,263
SAP AG (a)	56,420		3,292,946
Siemens AG	32,852		4,503,678
			30,203,837
Hong Kong - 2.11%
Bank of East Asia, Ltd.	415,400		2,339,190
China Mobile, Ltd., SADR	2,500		205,100
China Mobile, Ltd.	114,000		1,866,435
China Shenhua Energy Company, Ltd.	305,500		1,840,255
Hang Lung Properties, Ltd.	311,000		1,393,030
Hong Kong & China Gas Company, Ltd.	349,800		816,729
Kerry Properties, Ltd.	189,000		1,457,168
Swire Pacific, Ltd., Class A	213,500		2,591,376
			12,509,283
Ireland - 1.15%
Allied Irish Banks PLC - London	44,900		1,075,046
CRH PLC - London	87,600		3,442,552
Depfa Bank PLC (a)	62,300		1,286,154
Irish Life & Permanent PLC - London	47,400		1,049,988
			6,853,740
Italy - 0.72%
Eni SpA	43,472		1,606,402

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Intesa Sanpaolo SpA	343,717	$	2,646,293
			4,252,695
Japan - 23.28%
AEON Company, Ltd. (a)	388,300		5,481,048
Canon, Inc. (a)	43,200		2,355,749
Citizen Watch Company, Ltd. (a)	120,000		1,206,471
Daiwa House Industry Company, Ltd.	91,000		1,186,371
East Japan Railway Company (a)	123		969,195
Fanuc, Ltd. (a)	56,700		5,774,543
Fuji Photo Film Company, Ltd.	43,800		2,022,769
Hoya Corp. (a)	107,500		3,664,985
Idemitsu Kosan Company, Ltd. (a)	10,500		1,180,771
Inpex Holdings, Inc. (a)	335		3,437,989
Japan Tobacco, Inc. (a)	161		883,554
JGC Corp. (a)	65,000		1,252,174
JS Group Corp. (a)	38,500		669,012
Kansai Electric Power Company, Ltd. (a)	38,500		878,957
Keyence Corp. (a)	7,800		1,729,866
Millea Holdings, Inc. (a)	25,600		1,028,631
Mitsubishi Corp. (a)	166,200		5,261,506
Mitsubishi Heavy Industries, Ltd. (a)	128,000		836,041
Mitsubishi UFJ Financial Group, Inc. (a)	192,000		1,826,898
Mitsui & Company, Ltd. (a)	53,000		1,286,050
Mizuho Financial Group, Inc. (a)	814		4,637,067
Murata Manufacturing Company, Ltd. (a)	18,700		1,346,634
Nintendo Company, Ltd. (a)	9,200		4,784,832
Nippon Electric Glass Company, Ltd. (a)	99,000		1,592,886
Nippon Telegraph & Telephone Corp.	198		924,735
Nissan Motor Company, Ltd. (a)	257,600		2,578,688
Nomura Holdings, Inc. (a)	54,000		904,540
NTT DoCoMo, Inc. (a)	721		1,028,387
Odakyu Electric Railway Company, Ltd. (a)	155,000		998,913
Oracle Corp. - Japan (a)	18,700		853,844
Orix Corp. (a)	22,730		5,179,388
Rohm Company, Ltd. (a)	13,800		1,218,212
Shimamura Company, Ltd. (a)	9,100		850,800
Shin-Etsu Chemical Company, Ltd. (a)	16,900		1,167,038
SMC Corp. (a)	24,000		3,283,354
SOFTBANK Corp. (a)	573,100		10,566,812
Sony Corp. (a)	63,800		3,090,677
Sumitomo Chemical Company, Ltd.	440,000		3,769,351
Sumitomo Corp. (a)	258,000		4,981,388
Sumitomo Metal Industries, Ltd. (a)	247,000		1,439,294
Sumitomo Mitsui Financial Group, Inc. (a)	1,180		9,185,076
Suzuki Motor Corp. (a)	175,600		5,192,555
Takeda Pharmaceutical Company, Ltd. (a)	31,800		2,234,684
Tokyo Electron, Ltd. (a)	23,800		1,506,906
Tokyo Gas Company, Ltd.	366,000		1,702,992
Tokyu Corp. (a)	144,000		939,294
Toshiba Corp.	595,000		5,552,574
Trend Micro, Inc. (a)	66,500		2,874,456

269 

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
UNI Charm Corp. (a)	21,100	$	1,293,747
Ushio, Inc. (a)	43,500		790,703
Yahoo Japan Corp. (a)	10,646		4,027,666
Yamada Denki Company, Ltd. (a)	28,520		2,820,250
Yamato Transport Company, Ltd. (a)	144,000		2,157,871
			138,408,194
Luxembourg - 0.26%
SES Global SA	66,400		1,548,283
Mexico - 1.41%
America Movil SA de CV, Series L, ADR	131,300		8,403,200
Netherlands - 5.51%
Aegon NV	48,504		926,172
Akzo Nobel NV (a)	20,000		1,643,600
Fortis	45,000		1,321,207
Heineken Holding NV	22,425		1,281,731
ING Groep NV (a)	196,372		8,691,547
Koninklijke (Royal) KPN NV (a)	153,800		2,661,248
Koninklijke Ahold NV *	71,840		1,082,706
Reed Elsevier NV (a)	60,900		1,153,347
Royal Dutch Shell PLC, A Shares (a)	257,522		10,603,550
Unilever NV (a)	110,500		3,401,407
			32,766,515
Norway - 0.44%
Norske Skogindustrier ASA	32,139		342,631
Telenor ASA (a)	112,000		2,234,909
			2,577,540
Poland - 0.17%
Polski Koncern Naftowy Orlen SA *	8,900		186,119
Polski Koncern Naftowy Orlen, ADR *	20,700		832,140
			1,018,259
Singapore - 1.13%
Capitaland, Ltd. *	837,000		4,595,803
Singapore Telecommunications, Ltd.	444,860		1,204,835
United Overseas Bank, Ltd.	59,072		879,533
			6,680,171
South Africa - 0.45%
Harmony Gold Mining Company, Ltd., SADR *	46,900		558,579
Harmony Gold Mining Company, Ltd. * (a)	63,700		755,101
Sasol, Ltd.	32,100		1,380,464
			2,694,144
South Korea - 1.08%
Samsung Electronics Company, Ltd.	7,167		4,503,114
SK Telecom Company, Ltd., ADR	62,300		1,850,310
SK Telecom Company, Ltd. (a)	370		84,904
			6,438,328
Spain - 2.64%
Banco Bilbao Vizcaya Argentaria SA (a)	218,900		5,116,653
Banco Santander Central Hispano SA	171,800		3,329,334
Grupo Ferrovial SA	10,400		877,592

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain (continued)
Industria de Diseno Textil SA	19,300	$	1,296,849
Repsol SA	82,400		2,934,765
Telefonica SA	77,372		2,159,447
			15,714,640
Sweden - 0.91%
Assa Abloy AB - Series B (a)	29,000		598,989
AstraZeneca PLC (a)	1,500		74,820
Atlas Copco AB, Series B, ADR	65,600		1,043,441
Teliasonera AB	412,200		3,707,922
			5,425,172
Switzerland - 8.23%
Adecco SA	17,100		1,008,554
Compagnie Financiere
Richemont AG, Series A	130,899		8,651,097
Credit Suisse Group AG	25,305		1,675,656
Holcim, Ltd.	41,125		4,530,496
Nestle SA	15,030		6,733,790
Nobel Biocare Holding AG, Series BR	6,167		1,665,436
Novartis AG	144,329		7,943,751
Roche Holdings AG	39,984		7,230,584
Swiss Re	66,944		5,946,882
Swisscom AG (a)	7,056		2,676,185
UBS AG	16,258		871,847
			48,934,278
Taiwan - 0.92%
High Tech Computer Corp., ADR (a)	21,190		1,214,187
HON HAI Precision Industry
Company, Ltd., Reg. S, GDR	86,441		1,283,646
Taiwan Semiconductor
Manufacturing Company, Ltd., SADR	293,125		2,966,425
			5,464,258
Turkey - 0.17%
Turkcell Iletisim Hizmetleri AS, ADR	22,000		468,160
Turkcell Iletisim Hizmetleri AS	65,000		547,866
			1,016,026
United Kingdom - 14.40%
ARM Holdings PLC	350,700		1,101,029
AstraZeneca Group PLC	58,309		2,911,165
BAE Systems PLC	1,185,100		11,922,973
Barclays PLC	118,800		1,442,250
BHP Billiton PLC	196,500		7,010,403
British Land Company PLC	69,700		1,665,340
Carnival PLC	9,300		442,513
Daily Mail and General Trust PLC	44,700		574,104
HBOS PLC	262,900		4,901,361
HSBC Holdings PLC	130,600		2,408,209
Johnston Press PLC	30,600		202,588
Lloyds TSB Group PLC	160,600		1,776,183
Marks & Spencer Group PLC	86,900		1,090,411
National Grid PLC, ADR	180,100		2,878,539
Premier Foods PLC	219,200		996,524

The accompanying notes are an integral part of the financial statements. 

270

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Overseas Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Reed Elsevier PLC		186,561	$	2,350,454
Reuters Group PLC		172,300		2,258,596
Rio Tinto PLC		31,300		2,697,874
Royal Bank of Scotland Group PLC		737,506		7,893,457
Royal Dutch Shell PLC, B Shares		82,069		3,366,274
SABMiller PLC		202,600		5,749,381
Scottish & Southern Energy PLC		143,400		4,417,291
Standard Chartered PLC		124,400		4,057,726
Tesco PLC		330,800		2,962,236
Vodafone Group PLC		1,136,021		4,087,648
Xstrata PLC		33,333		2,204,437
Yell Group PLC		257,800		2,254,668
				85,623,634
United States - 0.20%
News Corp. (a)		35,498		792,618
UBS AG		7,800		415,350
				1,207,968
TOTAL COMMON STOCKS (Cost $478,358,591)			$	581,476,469
PREFERRED STOCKS - 0.21%
Germany - 0.21%
Porsche AG		589		1,247,559
TOTAL PREFERRED STOCKS (Cost $1,107,875)			$	1,247,559
RIGHTS - 0.04%
Austria - 0.00%
Raiffeisen International Bank Holding AG
(Expiration Date: 10/03/2007, Strike Price:
EUR 104.00) *		10,500		0
Wienerberger AG (Expiration Date:
10/11/2007, Strike Price EUR 45.00) *		12,900		0
Netherlands - 0.04%
Fortis (Expiration Date: 10/09/2007, Strike
Price: EUR 15.00) *		45,000		238,649
TOTAL RIGHTS (Cost $0)			$	238,649
INVESTMENT COMPANIES - 0.49%
United States - 0.49%
iShares MSCI EAFE Index Fund		35,200		2,906,112
TOTAL INVESTMENT COMPANIES (Cost $2,831,151)			$	2,906,112
SHORT TERM INVESTMENTS - 32.08%
John Hancock Cash Investment Trust (c)	$	190,689,883	$	190,689,883
TOTAL SHORT TERM INVESTMENTS
(Cost $190,689,883)			$	190,689,883

Overseas Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.84%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$5,010,711 on 10/01/2007,
collateralized by $5,055,000
Federal National Mortgage
Association, 5.625% due
08/21/2012 (valued at $5,111,869,
including interest)	$	5,009,000	$	5,009,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,009,000)			$	5,009,000
Total Investments (Overseas Equity Trust)
(Cost $677,996,500) - 131.46%			$	781,567,672
Liabilities in Excess of Other Assets - (31.46)%				(187,031,351
TOTAL NET ASSETS - 100.00%			$	594,536,321
The portfolio had the following five top industry concentrations as of
September 30, 2007 (as a percentage of total net assets):
Banking		10.55%
International Oil		5.47%
Insurance		4.88%
Telecommunications Equipment & Services		4.44%
Chemicals		4.31%
Pacific Rim Trust		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.44%
Australia - 11.62%
Australia and New Zealand
Banking Group, Ltd.		70,334 $		1,849,425
BHP Billiton, Ltd.		121,275		4,783,369
Boart Longyear Group *		250,000		526,783
Centennial Coal Company, Ltd.		300,000		990,706
Commonwealth Bank of Australia, Ltd.		43,230		2,158,253
CSL, Ltd.		21,660		2,057,658
Harvey Norman Holding, Ltd.		150,000		791,503
Lihir Gold, Ltd. *		400,000		1,395,311
National Australia Bank, Ltd.		30,000		1,054,717
Oxiana, Ltd.		150,000		515,274
Pacific Brands, Ltd.		325,000		891,990
QBE Insurance Group, Ltd.		69,140		2,069,002
Rio Tinto, Ltd.		12,000		1,149,751
Woodside Petroleum, Ltd.		20,670		918,669
				21,152,411
Bermuda - 0.91%
Cafe de Coral Holdings, Ltd.		424,000		794,599
Cosco Pacific, Ltd.		270,000		854,909
				1,649,508

The accompanying notes are an integral part of the financial statements. 

271

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Pacific Rim Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cayman Islands - 0.74%
Shimao Property Holdings, Ltd., GDR	440,000	$	1,339,383
China - 2.24%
China Life Insurance Company, Ltd.	258,000		1,481,070
Dongfeng Motor Group Company, Ltd.	1,220,000		1,069,370
PetroChina Company, Ltd., Class H	800,000		1,517,778
			4,068,218
Hong Kong - 9.06%
Beijing Enterprises Holdings, Ltd.	46,000		233,871
China Everbright, Ltd. *	250,000		891,334
China Mobile, Ltd.	75,000		1,227,918
China Resource Power Holdings, Ltd.	260,000		804,840
CNPC Hong Kong, Ltd.	1,000,000		634,553
Great Eagle Holdings Ltd *	500,000		1,898,510
Guangzhou Investment Company, Ltd.	4,200,000		1,313,640
Harbin Power Equipment Company, Ltd.	1,000,000		2,504,746
Henderson Land Development Company, Ltd.	145,000		1,150,594
New World Development Company, Ltd.	400,000		1,112,076
Pacific Basin Shipping, Ltd.	208,000		432,103
Qunxing Paper Holdings Co Ltd *	33,000		22,954
Road King Infrastructure, Ltd.	500,000		1,055,443
Shanghai Industrial Holdings, Ltd.	200,000		1,000,097
Shenzhen Investment, Ltd.	700,000		626,187
Sino-Ocean Land Holdings Ltd *	46,500		65,836
Sun Hung Kai Properties, Ltd.	90,000		1,517,521
			16,492,223
India - 1.37%
Corp Bank	123,354		1,213,790
Gujarat NRE Coke Ltd	324,032		710,811
Mahindra & Mahindra, Ltd.	30,000		569,592
			2,494,193
Indonesia - 0.52%
Astra International Tbk PT	446,000		938,819
Japan - 46.50%
Ajinomoto Company, Inc.	173,000		2,166,638
Amada Company, Ltd.	198,000		2,211,098
Asahi Glass Company, Ltd.	130,000		1,746,826
Canon, Inc.	28,200		1,537,780
Chiba Bank, Ltd.	156,000		1,204,801
Chiyoda Corp.	70,000		1,260,219
Credit Saison Company, Ltd.	55,200		1,421,047
Daiwa Securities Group, Inc.	145,000		1,379,631
Fanuc, Ltd.	11,000		1,120,282
Hirose Electric Company, Ltd.	10,600		1,287,894
Honda Motor Company, Ltd.	60,800		2,041,120
Hosiden Corp.	70,000		1,045,921
Ibiden Company, Ltd.	20,800		1,749,313
JAFCO Company, Ltd.	20,300		752,113
Japan General Estate Company, Ltd.	89,000		1,435,084
Japan Securities Finance Company, Ltd.	87,500		841,668
JSR Corp.	59,200		1,449,365

Pacific Rim Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Kao Corp.	49,000	$	1,461,732
KDDI Corp.	445		3,297,443
Keyence Corp.	4,500		998,000
Kissei Pharmaceutical Company, Ltd.	39,000		705,514
Komatsu, Ltd.	94,800		3,182,536
Marui Company, Ltd.	86,000		948,408
Matsushita Electric Industrial Company, Ltd.	88,000		1,649,330
Millea Holdings, Inc.	31,200		1,253,644
Mitsubishi Corp.	128,000		4,052,183
Mitsubishi Estate Company, Ltd.	99,000		2,832,753
Mitsubishi Materials Corp.	356,000		2,210,680
Mitsui O.S.K. Lines, Ltd.	111,000		1,796,582
Mitsui Sumitomo Insurance Company, Ltd.	218,000		2,557,680
Mizuho Financial Group, Inc.	270		1,538,094
Murata Manufacturing Company, Ltd.	39,500		2,844,495
Nippon Telegraph & Telephone Corp.	140		653,853
Obayashi Corp.	110,000		508,958
Sekisui Chemical Company, Ltd.	141,000		1,033,771
Sekisui House, Ltd.	92,000		1,157,001
SFCG Company, Ltd.	4,300		601,731
Shimadzu Corp.	98,000		1,002,331
Sumitomo Bakelite Company, Ltd.	222,000		1,276,239
Sumitomo Electric Industries, Ltd.	109,800		1,747,556
Sumitomo Mitsui Financial Group, Inc.	320		2,490,868
Sumitomo Trust & Banking Company, Ltd.	223,000		1,685,397
Taiyo Nippon Sanso Corp.	211,000		1,893,825
Takashimaya Company, Ltd.	108,000		1,197,600
Takeda Pharmaceutical Company, Ltd.	39,542		2,778,739
The Bank of Yokohama, Ltd.	232,000		1,600,070
THK Company, Ltd.	65,700		1,385,654
Tokuyama Corp.	138,000		2,091,964
Tokyo Electron, Ltd.	27,500		1,741,172
Tokyo Seimitsu Company, Ltd.	20,400		424,039
Toyota Motor Corp.	41,500		2,447,121
UNY Company, Ltd.	104,000		905,410
			84,603,173
Malaysia - 2.82%
IGB Corp., BHD	1,258,400		1,022,969
IOI Properties, BHD	260,500		970,903
Resorts World BHD	800,000		920,323
Telekom Malaysia, BHD	200,000		569,332
Tronoh Consolidated M Berhad	507,500		923,404
UEM World BHD	600,000		718,415
			5,125,346
New Zealand - 0.49%
Telecom Corp. of New Zealand, Ltd.	266,667		901,928
Singapore - 2.46%
Capitaland, Ltd. *	320,000		1,757,057
Frasers Centrepoint Trust *	211,000		221,761
Jaya Holdings, Ltd.	850,000		1,145,321
Keppel Corp., Ltd.	84,000		814,930

The accompanying notes are an integral part of the financial statements. 

272

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Pacific Rim Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Singapore (continued)
Singapore Telecommunications, Ltd.	200,000	$	541,669
			4,480,738
South Korea - 10.19%
Daelim Industrial Company	9,500		1,759,548
Daewoo Shipbuilding & Marine Engineering
Company, Ltd.	19,000		1,202,098
GS Engineering & Construction Corp.	9,623		1,671,919
GS Holdings Corp	15,000		853,958
Hana Financial Group, Inc.	20,500		966,590
Hyundai Heavy Industries	1,500		693,329
Hyundai Mobis	8,000		848,823
Kookmin Bank	11,000		915,915
Korea Investment Holdings Company, Ltd.	16,000		1,052,505
LG Petrochemical Company, Ltd.	38,580		1,918,145
Lotte Confectionery Company, Ltd.	558		970,700
Samsung Electronics Company, Ltd.	4,000		2,513,249
Shinhan Financial Group Company, Ltd.	25,500		1,666,284
SK Telecom Company, Ltd.	2,000		458,941
Woongjin Coway Company, Ltd.	32,000		1,050,757
			18,542,761
Taiwan - 8.28%
Advanced Semiconductor Engineering, Inc.	860,949		944,445
AU Optronics Corp.	300,000		517,543
Chi Mei Optoelectronics Corp.	1,727,200		2,005,849
Chinatrust Finance Holding Company, Ltd. *	2,357,622		1,730,199
Formosa Chemicals & Fibre Corp.	280,000		716,409
High Tech Computer Corp.	42,900		629,007
Hon Hai Precision Industry Company, Ltd.	57,047		430,016
Hung Poo Real Estate Development Corp.	698,920		691,746
Inventec Company, Ltd.	1,438,500		899,200
Lite-On Technology Corp.	201,369		314,687
MediaTek, Inc.	72,274		1,302,194
Merry Electronics Company, Ltd.	414,898		1,652,727
Realtek Semiconductor Corp.	300,000		1,360,503
Sincere Navigation Corp.	300,000		670,139
Taiwan Fertilizer Company, Ltd.	500,000		1,207,293
			15,071,957
Thailand - 1.27%
Thai Union Frozen Products PCL	1,369,900		967,223
Thoresen Thai Agencies Pcl *	400,000		676,878
Tisco Bank PCL	754,700		660,569
			2,304,670
United States - 0.97%
China Merchants Bank Company, Ltd.	200,000		879,107
Dah Sing Banking Group, Ltd.	401,200		886,133
			1,765,240
TOTAL COMMON STOCKS (Cost $149,459,429)		$	180,930,568

Total Investments (Pacific Rim Trust)
(Cost $149,459,429) - 99.44%	$	180,930,568
Other Assets in Excess of Liabilities - 0.56%		1,016,076
TOTAL NET ASSETS - 100.00%	$	181,946,644

The portfolio had the following five top industry concentrations as of September 30, 2007 (as a percentage of total net assets):

Banking	8.48%
Electronics	7.63%
Real Estate	7.00%
Chemicals	6.37%
Building Materials & Construction	4.24%

Quantitative All Cap Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.47%
Aerospace - 3.31%
Lockheed Martin Corp.	128,124	$	13,900,173
Orbital Sciences Corp., Class A *	50,812		1,130,059
			15,030,232
Aluminum - 0.54%
Century Aluminum Company *	46,775		2,462,704
Apparel & Textiles - 2.32%
Coach, Inc. *	193,412		9,142,585
Wolverine World Wide, Inc.	49,772		1,363,753
			10,506,338
Auto Parts - 1.06%
Lear Corp. *	149,546		4,800,427
Banking - 7.66%
Bank of America Corp.	269,085		13,526,903
Credit Suisse Group-Sponsored ADR	198,645		13,176,123
Deutsche Bank AG	48,466		6,222,550
Franklin Bank Corp. *	199,878		1,838,877
			34,764,453
Biotechnology - 2.74%
Applera Corp.	292,707		10,139,370
Bio-Rad Laboratories, Inc., Class A *	25,546		2,311,913
			12,451,283
Business Services - 3.90%
Cadence Design Systems, Inc. *	275,704		6,117,872
CGI Group, Inc., Class A *	250,216		2,852,462
Computer Sciences Corp. *	63,509		3,550,153
CSG Systems International, Inc. *	104,903		2,229,189
Informatica Corp. *	189,018		2,967,583
			17,717,259
Chemicals - 0.27%
Albemarle Corp.	28,117		1,242,771
Commercial Services - 0.31%
Chemed Corp.	22,827		1,418,926
Computers & Business Equipment - 5.32%
Cisco Systems, Inc. *	306,667		10,153,744

The accompanying notes are an integral part of the financial statements. 

273

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Quantitative All Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
EMC Corp. *	217,219	$	4,518,155
Foundry Networks, Inc. *	104,548		1,857,818
International Business Machines Corp.	14,161		1,668,166
Juniper Networks, Inc. *	96,056		3,516,610
Radiant Systems, Inc. *	152,361		2,411,875
			24,126,368
Containers & Glass - 0.59%
Ball Corp.	50,193		2,697,874
Cosmetics & Toiletries - 1.47%
Colgate-Palmolive Company	93,338		6,656,866
Crude Petroleum & Natural Gas - 2.18%
Chesapeake Energy Corp.	93,225		3,287,113
Unit Corp. *	136,020		6,583,368
			9,870,481
Electrical Equipment - 2.63%
Cooper Industries, Ltd., Class A	65,403		3,341,439
Emerson Electric Company	161,335		8,586,249
			11,927,688
Electrical Utilities - 0.49%
Public Service Enterprise Group, Inc.	25,530		2,246,385
Energy - 0.85%
Energen Corp.	24,233		1,384,189
Nexen, Inc.	80,355		2,454,042
			3,838,231
Financial Services - 4.81%
Barclays PLC, SADR	55,150		2,681,393
Goldman Sachs Group, Inc.	9,246		2,003,978
Lehman Brothers Holdings, Inc.	59,435		3,668,922
MCG Capital Corp.	169,230		2,435,220
Merrill Lynch & Company, Inc.	154,993		11,047,901
			21,837,414
Food & Beverages - 3.05%
Constellation Brands, Inc., Class A *	96,572		2,338,008
PepsiCo, Inc.	156,888		11,493,615
			13,831,623
Gas & Pipeline Utilities - 0.89%
Suburban Propane Partners, L.P.	90,954		4,038,358
Healthcare Products - 6.12%
DENTSPLY International, Inc.	31,875		1,327,275
Herbalife, Ltd.	56,756		2,580,128
Johnson & Johnson	207,982		13,664,418
NutriSystem, Inc. *	132,099		6,194,122
USANA Health Sciences, Inc. * (a)	91,175		3,988,906
			27,754,849
Healthcare Services - 1.85%
UnitedHealth Group, Inc.	173,377		8,396,648
Holdings Companies/Conglomerates - 0.51%
General Electric Company	27,251		1,128,192

Quantitative All Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Holdings Companies/Conglomerates
(continued)
Pearson PLC, SADR	75,909	$	1,173,553
			2,301,745
Homebuilders - 0.33%
AMREP Corp. * (a)	55,383		1,484,264
Hotels & Restaurants - 3.62%
Marriott International, Inc., Class A	69,990		3,042,465
McDonald's Corp.	245,622		13,379,031
			16,421,496
Industrial Machinery - 2.50%
Cummins, Inc.	25,081		3,207,609
Gardner Denver, Inc. *	65,361		2,549,079
Robbins & Myers, Inc.	50,893		2,915,660
Terex Corp. *	29,891		2,660,897
			11,333,245
Industrials - 1.48%
Companhia de Saneamento Basico do
Estado de Sao Paulo, ADR *	135,915		6,714,201
Insurance - 6.15%
Aspen Insurance Holdings, Ltd.	145,781		4,068,748
CNA Financial Corp.	91,938		3,615,002
RenaissanceRe Holdings, Ltd.	108,050		7,067,550
Safety Insurance Group, Inc.	72,645		2,610,861
W.R. Berkley Corp.	125,520		3,719,158
XL Capital, Ltd., Class A	86,058		6,815,794
			27,897,113
International Oil - 5.24%
ConocoPhillips	151,522		13,299,086
Exxon Mobil Corp.	36,003		3,332,438
Noble Corp.	36,523		1,791,453
Parker Drilling Company *	658,601		5,347,840
			23,770,817
Internet Retail - 0.40%
eBay, Inc. *	45,981		1,794,179
Internet Software - 1.04%
Check Point Software Technologies, Ltd. *	133,882		3,371,149
Vocus, Inc. *	46,107		1,348,168
			4,719,317
Leisure Time - 0.52%
Walt Disney Company	69,142		2,377,793
Manufacturing - 1.44%
Trinity Industries, Inc.	174,625		6,555,422
Mining - 0.47%
Anglo American PLC, ADR	63,617		2,127,989
Petroleum Services - 2.80%
Complete Production Services, Inc. *	103,141		2,112,328
ENSCO International, Inc. (a)	148,494		8,330,513
Superior Energy Services, Inc. *	64,162		2,273,901
			12,716,742

The accompanying notes are an integral part of the financial statements. 

274

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Quantitative All Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals - 1.76%
Abbott Laboratories		21,688	$	1,162,911
American Oriental Bioengineering, Inc. * (a)		170,772		1,904,108
Eli Lilly & Company		22,532		1,282,747
Pfizer, Inc.		80,171		1,958,577
Sciele Pharma, Inc. * (a)		65,314		1,699,470
				8,007,813
Publishing - 2.28%
Idearc, Inc. (a)		282,103		8,877,781
McGraw-Hill Companies, Inc.		28,573		1,454,652
				10,332,433
Real Estate - 1.05%
Arbor Realty Trust, Inc., REIT		58,648		1,107,861
First Industrial Realty Trust, Inc., REIT		93,943		3,651,564
				4,759,425
Retail Trade - 1.72%
CVS Caremark Corp.		36,579		1,449,626
Dollar Tree Stores, Inc. *		74,526		3,021,284
NBTY, Inc. *		82,013		3,329,728
				7,800,638
Sanitary Services - 0.69%
Waste Management, Inc.		83,106		3,136,420
Semiconductors - 0.98%
Microsemi Corp. *		65,158		1,816,605
Semtech Corp. *		128,157		2,624,655
				4,441,260
Software - 6.98%
Adobe Systems, Inc. *		51,643		2,254,733
Ansoft Corp. *		55,353		1,825,542
ANSYS, Inc. *		70,427		2,406,491
CIBER, Inc. *		318,926		2,490,812
Magma Design Automation, Inc. *		143,558		2,019,861
Microsoft Corp.		126,094		3,714,729
Nuance Communications, Inc. * (a)		296,145		5,718,560
Oracle Corp. *		160,866		3,482,749
VeriFone Holdings, Inc. *		175,021		7,758,681
				31,672,158
Steel - 1.69%
Gerdau Ameristeel Corp.		530,977		6,350,485
Steel Dynamics, Inc.		28,176		1,315,819
				7,666,304
Telephone - 3.46%
AT&T, Inc.		371,450		15,716,050
TOTAL COMMON STOCKS (Cost $422,416,211)			$	451,364,002
SHORT TERM INVESTMENTS - 5.38%
John Hancock Cash Investment Trust (c)	$	21,417,880	$	21,417,880

Quantitative All Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Societe Generale North America, Inc.
5.05% due 10/01/2007	$	3,002,000	$	3,002,000
TOTAL SHORT TERM INVESTMENTS
(Cost $24,419,880)			$	24,419,880
Total Investments (Quantitative All Cap Trust)
(Cost $446,836,091) - 104.85%			$	475,783,882
Liabilities in Excess of Other Assets - (4.85)%				(22,024,798)
TOTAL NET ASSETS - 100.00%			$	453,759,084
Quantitative Mid Cap Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.48%
Advertising - 0.69%
Omnicom Group, Inc.		6,274	$	301,717
Auto Parts - 2.91%
Genuine Parts Company		4,700		235,000
Magna International, Inc., Class A		10,754		1,035,718
				1,270,718
Banking - 1.06%
Sovereign Bancorp, Inc.		17,800		303,312
Wachovia Corp.		3,200		160,480
				463,792
Biotechnology - 1.43%
Applera Corp.		18,100		626,984
Building Materials & Construction - 0.72%
Lennox International, Inc.		9,270		313,326
Business Services - 4.59%
Cadence Design Systems, Inc. *		31,600		701,204
CGI Group, Inc., Class A *		40,200		458,280
URS Corp. *		15,000		846,750
				2,006,234
Chemicals - 2.04%
Airgas, Inc.		4,600		237,498
OM Group, Inc. *		12,400		654,844
				892,342
Computers & Business Equipment - 2.21%
Cognizant Technology Solutions Corp.,
Class A *		7,100		566,367
Juniper Networks, Inc. *		10,869		397,914
				964,281
Containers & Glass - 1.76%
Pactiv Corp. *		26,800		768,088
Crude Petroleum & Natural Gas - 3.00%
Sunoco, Inc.		4,500		318,510
Unit Corp. *		12,100		585,640

The accompanying notes are an integral part of the financial statements. 

275

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Quantitative Mid Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Crude Petroleum & Natural Gas
(continued)
XTO Energy, Inc.	6,600	$	408,144
			1,312,294
Electrical Equipment - 1.90%
AMETEK, Inc.	19,200		829,824
Electrical Utilities - 2.64%
Alliant Energy Corp.	10,500		402,360
Xcel Energy, Inc.	35,000		753,900
			1,156,260
Electronics - 5.01%
Amphenol Corp., Class A	12,604		501,135
Dolby Laboratories, Inc., Class A *	13,400		466,588
Thomas & Betts Corp. *	15,135		887,516
Trimble Navigation, Ltd. *	8,500		333,285
			2,188,524
Financial Services - 2.60%
AllianceBernstein Holding LP *	7,400		651,718
Legg Mason, Inc.	5,755		485,089
			1,136,807
Food & Beverages - 1.81%
McCormick & Company, Inc.	22,040		792,779
Gas & Pipeline Utilities - 4.35%
AGL Resources, Inc.	21,200		839,944
ONEOK, Inc.	7,100		336,540
Suburban Propane Partners, L.P.	16,300		723,720
			1,900,204
Healthcare Products - 2.39%
DENTSPLY International, Inc.	8,900		370,596
Herbalife, Ltd.	9,680		440,053
Smith & Nephew PLC (a)	3,800		232,712
			1,043,361
Healthcare Services - 4.08%
athenahealth, Inc. * (a)	1,900		64,429
Coventry Health Care, Inc. *	12,700		790,067
Laboratory Corp. of America Holdings *	5,277		412,820
WellCare Health Plans, Inc. *	4,900		516,607
			1,783,923
Hotels & Restaurants - 2.97%
Darden Restaurants, Inc.	16,100		673,946
Sonic Corp. *	12,500		292,500
Wyndham Worldwide Corp.	10,085		330,385
			1,296,831
Industrial Machinery - 2.75%
CNH Global NV	4,191		254,561
Crane Company	11,251		539,711
Gardner Denver, Inc. *	10,500		409,500
			1,203,772
Insurance - 8.57%
American Financial Group, Inc.	28,470		811,964

Quantitative Mid Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Arch Capital Group, Ltd. *	5,321	$	395,936
Aspen Insurance Holdings, Ltd.	35,752		997,838
Axis Capital Holdings, Ltd.	21,700		844,347
RenaissanceRe Holdings, Ltd.	10,661		697,336
			3,747,421
International Oil - 1.10%
Nabors Industries, Ltd. *	15,700		483,089
Life Sciences - 0.54%
Waters Corp. *	3,535		236,562
Manufacturing - 2.86%
Snap-on, Inc.	9,300		460,722
Trinity Industries, Inc.	20,997		788,227
			1,248,949
Metal & Metal Products - 0.89%
Crown Holdings, Inc. *	17,159		390,539
Office Furnishings & Supplies - 2.93%
Avery Dennison Corp.	8,600		490,372
IKON Office Solutions, Inc.	61,700		792,845
			1,283,217
Petroleum Services - 4.30%
Complete Production Services, Inc. *	8,335		170,701
ENSCO International, Inc.	18,000		1,009,800
Tesoro Corp.	5,078		233,689
Tidewater, Inc.	7,400		465,016
			1,879,206
Pharmaceuticals - 1.36%
Celgene Corp. *	3,585		255,646
Schering-Plough Corp.	5,800		183,454
Shire Pharmaceuticals Group PLC, ADR	2,100		155,358
			594,458
Publishing - 2.32%
Idearc, Inc.	32,300		1,016,481
Railroads & Equipment - 0.83%
Canadian Pacific Railway, Ltd.	5,178		363,962
Real Estate - 4.31%
Hospitality Properties Trust, REIT	26,500		1,077,225
iStar Financial, Inc., REIT	23,700		805,563
			1,882,788
Retail Trade - 4.01%
Cabela's, Inc. * (a)	17,600		416,240
Dick's Sporting Goods, Inc. *	7,567		508,124
Dollar Tree Stores, Inc. *	20,500		831,070
			1,755,434
Sanitary Services - 2.83%
Republic Services, Inc.	30,300		991,113
Stericycle, Inc. *	4,313		246,531
			1,237,644

The accompanying notes are an integral part of the financial statements. 

276

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Quantitative Mid Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Semiconductors - 1.83%
Intersil Corp., Class A		13,365	$	446,792
Microsemi Corp. *		12,600		351,288
				798,080
Software - 4.18%
ANSYS, Inc. *		12,625		431,396
Nuance Communications, Inc. * (a)		33,100		639,161
VeriFone Holdings, Inc. *		17,100		758,043
				1,828,600
Telecommunications Equipment &
Services - 1.25%
Amdocs, Ltd. *		14,735		547,995
Telephone - 0.44%
AT&T, Inc.		4,500		190,395
Toys, Amusements & Sporting Goods - 2.02%
Hasbro, Inc.		19,700		549,236
Marvel Entertainment, Inc. *		14,267		334,418
				883,654
TOTAL COMMON STOCKS (Cost $40,753,523)			$	42,620,535
SHORT TERM INVESTMENTS - 3.84%
John Hancock Cash Investment Trust (c)	$	1,358,757	$	1,358,757
Societe Generale North America, Inc.
5.05% due 10/01/2007		323,000		323,000
TOTAL SHORT TERM INVESTMENTS
(Cost $1,681,757)			$	1,681,757
Total Investments (Quantitative Mid Cap Trust)
(Cost $42,435,280) - 101.32%			$	44,302,292
Liabilities in Excess of Other Assets - (1.32)%				(579,300)
TOTAL NET ASSETS - 100.00%			$	43,722,992
Quantitative Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.68%
Advertising - 2.17%
Omnicom Group, Inc.		368,000	$	17,697,120
Aerospace - 1.29%
Lockheed Martin Corp.		96,800		10,501,832
Apparel & Textiles - 0.72%
Coach, Inc. *		124,900		5,904,023
Banking - 8.97%
Bank of America Corp.		125,000		6,283,750
Credit Suisse Group-Sponsored ADR		355,415		23,574,677
Deutsche Bank AG		102,004		13,096,294
Wachovia Corp.		601,900		30,185,285
				73,140,006

Quantitative Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Biotechnology - 0.82%
Applera Corp.	191,800	$	6,643,952
Business Services - 0.68%
CSG Systems International, Inc. *	260,800		5,542,000
Chemicals - 0.79%
Praxair, Inc.	77,000		6,449,520
Computers & Business Equipment - 2.29%
EMC Corp. *	334,400		6,955,520
Juniper Networks, Inc. *	320,300		11,726,183
			18,681,703
Construction Materials - 0.47%
Sherwin-Williams Company	58,237		3,826,753
Containers & Glass - 0.66%
Sealed Air Corp.	211,500		5,405,940
Cosmetics & Toiletries - 2.71%
Kimberly-Clark Corp.	314,280		22,081,313
Crude Petroleum & Natural Gas - 2.40%
Unit Corp. *	301,800		14,607,120
W&T Offshore, Inc.	205,102		5,000,387
			19,607,507
Domestic Oil - 1.03%
St. Mary Land & Exploration Company	235,300		8,393,151
Electrical Equipment - 0.92%
Cooper Industries, Ltd., Class A	146,600		7,489,794
Electrical Utilities - 2.27%
Public Service Enterprise Group, Inc.	210,500		18,521,895
Energy - 2.84%
Energen Corp.	323,900		18,501,168
Nexen, Inc. (a)	151,500		4,626,810
			23,127,978
Financial Services - 10.01%
Barclays PLC, SADR	235,900		11,469,458
CIT Group, Inc.	117,708		4,731,862
Citigroup, Inc.	127,800		5,964,426
E*TRADE Financial Corp. *	1,122,300		14,657,238
Legg Mason, Inc.	102,222		8,616,292
Lehman Brothers Holdings, Inc.	150,258		9,275,426
Merrill Lynch & Company, Inc.	251,900		17,955,432
Morgan Stanley	143,100		9,015,300
			81,685,434
Food & Beverages - 2.99%
Coca-Cola Enterprises, Inc.	161,900		3,921,218
McCormick & Company, Inc.	568,000		20,430,960
			24,352,178
Gas & Pipeline Utilities - 2.53%
AGL Resources, Inc.	92,500		3,664,850
Eni SPA, SADR (a)	177,400		13,085,024
UGI Corp.	151,000		3,922,980
			20,672,854

The accompanying notes are an integral part of the financial statements. 

277

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Quantitative Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products - 1.88%
Baxter International, Inc.	166,000	$	9,342,480
DENTSPLY International, Inc.	144,600		6,021,144
			15,363,624
Holdings Companies/Conglomerates - 4.68%
General Electric Company	921,300		38,141,820
Hotels & Restaurants - 0.61%
Yum! Brands, Inc.	147,800		5,000,074
Insurance - 11.19%
Ambac Financial Group, Inc.	215,235		13,540,434
American Financial Group, Inc.	355,500		10,138,860
Axis Capital Holdings, Ltd.	285,033		11,090,634
CNA Financial Corp.	208,820		8,210,802
Genworth Financial, Inc., Class A	373,700		11,483,801
ING Groep NV, SADR	98,500		4,364,535
RenaissanceRe Holdings, Ltd.	106,700		6,979,247
The Travelers Companies, Inc.	152,220		7,662,755
W.R. Berkley Corp.	302,017		8,948,764
XL Capital, Ltd., Class A	112,189		8,885,369
			91,305,201
International Oil - 5.64%
Chevron Corp.	22,360		2,092,449
ConocoPhillips	41,163		3,612,877
Exxon Mobil Corp.	263,800		24,417,328
Nabors Industries, Ltd. *	252,264		7,762,163
Sasol, Ltd., SADR	189,757		8,157,653
			46,042,470
Internet Retail - 0.86%
eBay, Inc. *	180,200		7,031,404
Internet Software - 0.59%
Check Point Software Technologies, Ltd. *	190,596		4,799,207
Leisure Time - 0.60%
Walt Disney Company	142,400		4,897,136
Manufacturing - 1.43%
Trinity Industries, Inc.	310,700		11,663,678
Medical-Hospitals - 0.43%
VCA Antech, Inc. *	83,900		3,502,825
Metal & Metal Products - 0.34%
Reliance Steel & Aluminum Company	49,091		2,775,605
Mining - 0.30%
Alliance Resource Partners LP	73,800		2,474,514
Petroleum Services - 3.15%
ENSCO International, Inc.	251,200		14,092,320
Tesoro Corp.	53,500		2,462,070
Valero Energy Corp.	136,000		9,136,480
			25,690,870
Pharmaceuticals - 2.51%
Eli Lilly & Company	189,600		10,793,928
Pfizer, Inc.	396,600		9,688,938
			20,482,866

Quantitative Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Publishing - 1.90%
Idearc, Inc.		227,041	$	7,144,980
McGraw-Hill Companies, Inc.		54,200		2,759,322
Meredith Corp.		98,200		5,626,860
				15,531,162
Real Estate - 2.55%
Hospitality Properties Trust, REIT		135,000		5,487,750
iStar Financial, Inc., REIT		451,500		15,346,485
				20,834,235
Retail Trade - 1.28%
Dollar Tree Stores, Inc. *		257,100		10,422,834
Sanitary Services - 1.79%
Waste Management, Inc.		387,200		14,612,928
Software - 2.61%
Nuance Communications, Inc. * (a)		560,500		10,823,255
VeriFone Holdings, Inc. *		235,200		10,426,416
				21,249,671
Steel - 0.67%
Steel Dynamics, Inc.		116,070		5,420,469
Telephone - 5.16%
AT&T, Inc.		793,098		33,555,977
CenturyTel, Inc.		51,600		2,384,952
Qwest Communications International, Inc. *		671,600		6,151,856
				42,092,785
Tobacco - 0.62%
Altria Group, Inc.		72,527		5,042,802
Toys, Amusements & Sporting Goods - 1.33%
Mattel, Inc.		460,900		10,812,714
TOTAL COMMON STOCKS (Cost $788,864,102)			$	804,915,847
SHORT TERM INVESTMENTS - 4.51%
John Hancock Cash Investment Trust	$	20,124,435	$	20,124,435
Societe Generale North America, Inc.
5.05% due 10/01/2007		16,688,000		16,688,000
TOTAL SHORT TERM INVESTMENTS
(Cost $36,812,435)			$	36,812,435
Total Investments (Quantitative Value Trust)
(Cost $825,676,537) - 103.19%			$	841,728,282
Liabilities in Excess of Other Assets - (3.19)%				(26,016,273)
TOTAL NET ASSETS - 100.00%			$	815,712,009
Real Estate Securities Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.55%
Hotels & Restaurants - 1.63%
Starwood Hotels & Resorts Worldwide, Inc.		199,141	$	12,097,816

The accompanying notes are an integral part of the financial statements. 

278

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Estate Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Real Estate - 97.92%
AMB Property Corp., REIT		296,340	$	17,724,095
Apartment Investment & Management
Company, Class A, REIT		492,445		22,224,043
Archstone-Smith Trust, REIT		304,536		18,314,795
Avalon Bay Communities, Inc., REIT		340,499		40,199,312
BioMed Realty Trust, Inc., REIT		136,139		3,280,950
Boston Properties, Inc., REIT (a)		214,350		22,270,965
BRE Properties, Inc., Class A, REIT		272,340		15,231,976
Digital Realty Trust, Inc., REIT		204,579		8,058,367
Douglas Emmett, Inc., REIT		569,500		14,083,735
Entertainment Properties Trust, REIT		116,394		5,912,815
Equity Lifestyle Properties, Inc., REIT		202,878		10,509,080
Equity Residential, REIT		181,684		7,696,134
Essex Property Trust, Inc., REIT		124,607		14,650,045
Extra Space Storage, Inc., REIT		92,500		1,423,575
Federal Realty Investment Trust, REIT		280,683		24,868,514
FelCor Lodging Trust, Inc., REIT		448,343		8,935,476
General Growth Properties, Inc., REIT		815,519		43,728,129
Healthcare Realty Trust, Inc., REIT		183,000		4,878,780
Host Hotels & Resorts, Inc., REIT		1,655,344		37,145,919
Kilroy Realty Corp., REIT		98,350		5,962,960
Kite Realty Group Trust, REIT		145,950		2,743,860
LaSalle Hotel Properties, REIT		306,050		12,878,584
LTC Properties, Inc., REIT		293,085		6,937,322
Mack-California Realty Corp., REIT		133,794		5,498,933
Nationwide Health Properties, Inc., REIT (a)		403,031		12,143,324
Parkway Properties, Inc., REIT		126,050		5,563,847
Post Properties, Inc., REIT (a)		200,600		7,763,220
ProLogis, REIT		746,565		49,534,588
Public Storage, Inc., REIT		285,530		22,456,934
Regency Centers Corp., REIT		379,872		29,155,176
Saul Centers, Inc., REIT		81,150		4,179,225
Senior Housing Properties Trust, REIT		460,650		10,161,939
Simon Property Group, Inc., REIT		704,129		70,412,900
SL Green Realty Corp., REIT		297,830		34,777,609
Tanger Factory Outlet Centers, Inc., REIT		283,050		11,489,000
Taubman Centers, Inc., REIT		141,650		7,755,338
The Macerich Company, REIT		279,620		24,489,120
Ventas, Inc., REIT		539,500		22,335,300
Vornado Realty Trust, REIT		503,100		55,013,985
Washington Real Estate Investment Trust,
REIT (a)		200,610		6,656,240
				729,046,109
TOTAL COMMON STOCKS (Cost $703,401,342)			$	741,143,925
SHORT TERM INVESTMENTS - 11.43%
John Hancock Cash Investment Trust (c)	$	85,067,576	$	85,067,576
TOTAL SHORT TERM INVESTMENTS
(Cost $85,067,576)			$	85,067,576

Real Estate Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.61%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$4,554,556 on 10/01/2007,
collateralized by $4,040,000
Federal National Mortgage
Association, 6.25% due
05/15/2029 (valued at $4,646,000,
including interest)	$	4,553,000	$	4,553,000
TOTAL REPURCHASE AGREEMENTS
(Cost $4,553,000)			$	4,553,000
Total Investments (Real Estate Securities Trust)
(Cost $793,021,918) - 111.59%			$	830,764,501
Liabilities in Excess of Other Assets - (11.59)%				(86,269,405)
TOTAL NET ASSETS - 100.00%			$	744,495,096
Real Estate Equity Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.62%
Hotels & Restaurants - 4.13%
Hilton Hotels Corp.		132,200	$	6,145,978
Marriott International, Inc., Class A		122,900		5,342,463
				11,488,441
Paper - 1.69%
Plum Creek Timber Company, Inc.		105,200		4,708,752
Real Estate - 89.80%
Alexandria Real Estate Equities, Inc., REIT		47,400		4,562,724
AMB Property Corp., REIT		158,260		9,465,531
Avalon Bay Communities, Inc., REIT		72,380		8,545,183
Boston Properties, Inc., REIT		82,430		8,564,477
Brandywine Realty Trust, REIT		144,200		3,649,702
BRE Properties, Inc., Class A, REIT		117,630		6,579,046
Brookfield Properties Corp. (a)		307,250		7,650,525
Camden Property Trust, REIT		138,100		8,872,925
CBL & Associates Properties, Inc., REIT		168,000		5,888,400
Cousins Properties, Inc., REIT		139,200		4,086,912
DCT Industrial Trust, Inc., REIT		421,200		4,409,964
Developers Diversified Realty Corp., REIT		96,700		5,402,629
Douglas Emmett, Inc., REIT		178,700		4,419,251
Duke Realty Corp., REIT		163,660		5,533,345
EastGroup Properties, Inc., REIT		118,600		5,367,836
Equity One, Inc., REIT		214,000		5,820,800
Equity Residential, REIT		254,210		10,768,336
Essex Property Trust, Inc., REIT		77,680		9,132,837
Federal Realty Investment Trust, REIT		55,510		4,918,186
General Growth Properties, Inc., REIT		198,660		10,652,149
Highwoods Properties, Inc., REIT		96,100		3,523,987
Host Hotels & Resorts, Inc., REIT		436,890		9,803,812
Kilroy Realty Corp., REIT		82,920		5,027,440

The accompanying notes are an integral part of the financial statements. 

279

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Estate Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Kimco Realty Corp., REIT		159,600	$	7,215,516
LaSalle Hotel Properties, REIT		149,170		6,277,074
Mack-California Realty Corp., REIT		135,250		5,558,775
Mitsubishi Estate Company, Ltd.		163,000		4,664,028
ProLogis, REIT		144,390		9,580,276
Public Storage, Inc., REIT		46,580		3,663,517
Regency Centers Corp., REIT		90,440		6,941,270
Simon Property Group, Inc., REIT		172,080		17,208,000
SL Green Realty Corp., REIT		49,220		5,747,419
The Macerich Company, REIT		123,430		10,809,999
The St. Joe Company, REIT (a)		102,400		3,441,664
Vornado Realty Trust, REIT		93,500		10,224,225
Weingarten Realty Investors, REIT		137,900		5,717,334
				249,695,094
TOTAL COMMON STOCKS (Cost $257,943,484)			$	265,892,287
CORPORATE BONDS - 2.74%
Real Estate - 2.74%
Alexandria Real Estate Equities, Inc., REIT
3.70% due 01/15/2027		2,963,000		2,888,925
BRE Properties, Inc.
4.125% due 08/15/2026		2,175,000		2,203,580
Kilroy Realty L.P.
3.25% due 04/15/2012		2,800,000		2,524,656
				7,617,161
TOTAL CORPORATE BONDS (Cost $7,931,400)			$	7,617,161
SHORT TERM INVESTMENTS - 4.07%
John Hancock Cash Investment Trust	$	11,308,199	$	11,308,199
TOTAL SHORT TERM INVESTMENTS
(Cost $11,308,199)			$	11,308,199
REPURCHASE AGREEMENTS - 1.37%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$3,813,302 on 10/01/2007,
collateralized by $3,740,000
Federal Home Loan Mortgage
Corp., 5.55% due 10/04/2016
(valued at $3,889,600, including
interest)	$	3,812,000	$	3,812,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,812,000)			$	3,812,000
Total Investments (Real Estate Equity Trust)
(Cost $280,995,083) - 103.80%			$	288,629,647
Liabilities in Excess of Other Assets - (3.80)%				(10,553,048)
TOTAL NET ASSETS - 100.00%			$	278,076,599

Real Return Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 101.04%
Treasury Inflation Protected
Securities (d) - 101.04%
0.875% due 04/15/2010 (g)	$	123,520,500	$	119,419,249
1.625% due 01/15/2015 (g)		33,553,520		32,101,290
1.875% due 07/15/2013 to 07/15/2015 (g)		159,072,280		155,313,289
2.00% due 04/15/2012 to 01/15/2026 (g)		272,138,891		265,784,244
2.375% due 01/15/2017 to 01/15/2027 (g)		197,446,608		199,351,507
2.50% due 07/15/2016 (g)		61,286,785		62,426,351
2.625% due 07/15/2017 (g)		6,222,320		6,413,849
3.00% due 07/15/2012 (g)		36,501,142		37,989,695
3.375% due 01/15/2012 to 04/15/2032 (g)		18,279,240		21,431,006
3.50% due 01/15/2011 (g)		72,423,666		75,580,903
3.625% due 04/15/2028 (g)		73,175,107		89,136,427
3.875% due 01/15/2009 to 04/15/2029 (g)		65,201,310		78,683,790
4.25% due 01/15/2010 (g)		53,408,592		55,933,003
				1,199,564,603
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $1,196,629,035)				$ 1,199,564,603
U.S. GOVERNMENT AGENCY OBLIGATIONS - 37.34%
Federal Home Loan Mortgage Corp. - 2.69%
4.559% due 01/01/2034 ***		402,212		406,135
5.00% due 06/01/2037 to 08/01/2037 ***		17,798,226		16,984,288
6.00% due 03/01/2037 to 09/01/2037 ***		14,500,000		14,517,154
				31,907,577
Federal National Mortgage
Association - 30.32%
4.536% due 07/01/2035 ***		3,475,834		3,470,643
4.6930% due 01/01/2035 ***		428,595		423,785
5.00% due 05/01/2036 to 06/01/2036 ***		8,899,113		8,488,624
5.50% due 01/01/2037 to 09/01/2037 ***		111,399,222		109,134,424
5.50% TBA **		189,700,000		185,787,437
6.00% due 04/01/2021 to 11/01/2036 ***		3,731,179		3,732,813
6.00% TBA **		44,500,000		44,555,625
6.133% due 03/01/2044 to 09/01/2044 ***		4,146,554		4,173,390
6.183% due 10/01/2044 (b)***		162,349		163,775
				359,930,516
Government National Mortgage
Association - 4.33%
5.50% due 08/15/2037 ***		5,899,500		5,817,964
6.00% due 10/15/2028 to 08/15/2037 ***		8,499,980		8,555,624
6.50% due 01/15/2036 to 09/15/2037 ***		36,300,108		37,118,170
				51,491,758
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $441,699,448)				$ 443,329,851
FOREIGN GOVERNMENT OBLIGATIONS - 3.74%
Japan - 3.29%
Government of Japan
0.80% due 12/10/2015 ***	JPY	630,630,000		5,322,346
1.10% due 12/10/2016 ***		1,065,720,000		9,165,860
1.20% due 06/10/2017 ***		2,841,320,000		24,518,679
				39,006,885

The accompanying notes are an integral part of the financial statements. 

280

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
United Kingdom - 0.45%
United Kingdom Gilt Inflation Linked, Series 8MO
2.50% due 05/20/2009 ***	GBP	1,000,000	$	5,347,151
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $43,659,441)			$	44,354,036
CORPORATE BONDS - 19.52%
Automobiles - 0.43%
DaimlerChrysler N.A. Holding Corp., Series MTN
6.05313% due 03/13/2009 (b)***	$	5,100,000		5,066,518
Banking - 6.82%
Bank of America Corp.
5.37% due 11/06/2009 (b)***		700,000		696,958
Bank of America Corp., Series MTNJ
5.67% due 02/17/2009 (b)***		2,100,000		2,102,346
Bank of America NA, Series BKNT
5.64625% due 12/18/2008 (b)***		700,000		699,379
Bank of Ireland, Series MTN
5.6075% due 12/19/2008 (b)***		6,400,000		6,394,963
5.69625% due 12/18/2009 (b)***		900,000		897,062
Barclays Bank, PLC
7.434% due 09/29/2049 (b)***		700,000		743,875
Charter One Bank N.A., Series BKNT
5.41% due 04/24/2009 (b)***		5,900,000		5,861,638
Commonwealth Bank of Australia
5.86% due 06/08/2009 (b)***		300,000		299,746
Credit Agricole SA
5.505% due 05/28/2009 (b)***		5,500,000		5,503,339
DnB NORBank ASA
5.43% due 10/13/2009 (b)***		900,000		900,175
Export-Import Bank of Korea, Series 97
5.58% due 10/04/2011 (b)***		1,200,000		1,200,418
Fortis Bank
5.265% due 06/30/2008 (b)***		5,400,000		5,400,967
5.30% due 09/30/2008 (b)***		10,500,000		10,500,903
HSBC Finance Corp.
5.42% due 10/21/2009 (b)***		1,600,000		1,590,525
5.50% due 05/21/2008 (b)***		1,100,000		1,099,395
Nordea Bank Finland PLC, Series YCD
5.07125% due 03/31/2008 (b)***		300,000		299,813
5.307% due 05/28/2008 ***		3,100,000		3,099,408
5.307% due 04/09/2009 ***		5,200,000		5,190,749
5.6825% due 12/01/2008 (b)***		5,600,000		5,590,530
Royal Bank of Scotland Group, PLC
5.41% due 07/21/2008 (b)***		300,000		299,746
7.091% due 10/29/2049 ***	EUR	500,000		733,009
Santander US Debt SA Unipersonal
5.2975% due 09/19/2008 (b)***	$	400,000		399,665
5.72875% due 11/20/2009 ***		4,700,000		4,681,623
Skandinaviska Enskilda Banken AB, Series YCD
5.49% due 02/13/2009 (b)***		900,000		898,584
Unicredit Luxembourg Finance SA
5.41% due 10/24/2008 (b)***		1,300,000		1,300,560
Unicredito Italiano, Series YCD
5.35% due 05/06/2008 (b)***		1,100,000		1,098,858

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Unicredito Italiano, Series YCD (continued)
5.50563% due 05/29/2008 (b)***	$	4,100,000	$	4,108,978
Wachovia Bank NA, Series BKNT
5.49438% due 02/23/2009 (b)***		2,400,000		2,396,470
5.69125% due 12/02/2010 (b)***		1,700,000		1,689,989
Westpac Banking Corp., Series DPNT
5.7575% due 06/06/2008 (b)***		4,700,000		4,695,676
World Savings Bank FSB, Series BKNT
5.39625% due 05/08/2009 (b)***		300,000		300,199
5.6375% due 06/20/2008 (b)***		300,000		300,182
				80,975,728
Cable & Television - 0.46%
CSC Holdings, Inc.
7.875% due 12/15/2007 ***		1,600,000		1,602,000
Echostar DBS Corp.
7.00% due 10/01/2013 ***		3,800,000		3,885,500
				5,487,500
Cellular Communications - 0.40%
America Movil SAB de CV
5.30% due 06/27/2008 (b)***		4,800,000		4,794,960
Crude Petroleum & Natural Gas - 0.38%
Chesapeake Energy Corp.
2.50% due 05/15/2037 ***		4,400,000		4,495,744
Diversified Financial Services - 0.12%
General Electric Capital Corp., Series MTN
5.39% due 10/26/2009 (b)***		800,000		795,830
5.74375% due 12/12/2008 (b)***		600,000		598,846
				1,394,676
Financial Services - 9.35%
Abbey National Treasury Services PLC, Series YCD
5.67% due 07/02/2008 (b)***		4,100,000		4,100,886
American Express Bank FSB, Series BKNT
6.00% due 09/13/2017 ***		2,700,000		2,686,397
American Express Centurion Bank, Series BKN1
6.00% due 09/13/2017 ***		2,600,000		2,586,901
American Express Centurion Bank, Series BKNT
5.81875% due 05/07/2008 (b)***		400,000		399,320
Atlas Reinsurance PLC
7.7167% due 01/10/2010 (b)***	EUR	8,900,000		12,767,903
Barclays Bank, PLC
5.45% due 09/12/2012 ***	$	7,300,000		7,309,636
C10 Capital SPV, Ltd.
6.722% due 12/31/2049 (b)***		400,000		383,560
Calabash Re, Ltd.
14.09438% due 01/08/2010 (b)***		300,000		308,490
Caylon NY
5.34% due 01/16/2009 ***		4,100,000		4,101,406
Citigroup Funding, Inc., Series MTN
5.13625% due 04/23/2009 (b)***		5,300,000		5,292,670
Citigroup, Inc.
5.22813% due 12/28/2009 (b)***		4,900,000		4,881,013
5.24% due 12/26/2008 (b)***		1,000,000		999,367
5.40% due 01/30/2009 (b)***		700,000		699,484
5.40866% due 05/02/2008 (b)***		700,000		700,116

The accompanying notes are an integral part of the financial statements. 

281

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
East Lane Re Ltd.
12.35625% due 05/06/2011 (b)***	$	300,000	$	299,967
Ford Motor Credit Company
7.25% due 10/25/2011 ***		2,150,000		2,014,795
7.80% due 06/01/2012 ***		150,000		142,695
General Electric Capital Corp.
5.50% due 09/15/2067 (b)***	EUR	5,400,000		7,456,768
5.66125% due 03/04/2008 (b)***	$	2,100,000		2,099,204
General Electric Capital Corp., Series MTN
5.36% due 10/24/2008 (b)***		700,000		697,448
Goldman Sachs Group, Inc.
5.25% due 12/23/2008 (b)***		4,800,000		4,784,534
5.49813% due 06/28/2010 (b)***		3,500,000		3,487,432
6.75% due 10/01/2037 ***		700,000		702,449
Goldman Sachs Group, Inc., Series MTNB
5.30% due 12/22/2008 (b)***		4,800,000		4,785,413
JP Morgan Chase & Company, Series 1
5.17875% due 06/26/2009 (b)***		500,000		499,673
Lehman Brothers Holdings, Inc.
7.00% due 09/27/2027 ***		500,000		511,944
Lehman Brothers Holdings, Inc., Series MTN
5.17875% due 11/24/2008 (b)***		300,000		296,561
5.26% due 12/23/2008 (b)***		4,800,000		4,746,566
6.20% due 09/26/2014 ***		200,000		200,792
Longpoint Re, Ltd.
10.94438% due 05/08/2010 (b)***		1,000,000		1,021,300
Merna Reinsurance Ltd., Series A
6.01% due 07/07/2010 ***		4,200,000		4,194,120
Merrill Lynch & Company, Inc.
6.40% due 08/28/2017 ***		2,700,000		2,785,836
Merrill Lynch & Company, Inc., Series 1
5.24% due 12/22/2008 (b)***		4,800,000		4,783,723
Merrill Lynch & Company, Inc., Series MTN
5.40% due 10/23/2008 (b)***		2,000,000		1,994,134
Morgan Stanley, Series EMTN
5.6138% due 01/22/2009 (b)***		200,000		199,264
Morgan Stanley, Series MTN
5.18875% due 11/21/2008 (b)***		900,000		895,560
Mystic Re, Ltd.
14.54125% due 12/05/2008 (b)***		600,000		610,200
15.54125% due 06/07/2011 (b)***		1,700,000		1,771,740
Nisource Finance Corp.
6.06438% due 11/23/2009 (b)***		400,000		396,806
Phoenix Quake Wind, Ltd.
7.81% due 07/03/2008 (b)***		1,500,000		1,502,205
Pylon, Ltd., Class A Catastrophe Bond
3.616% due 12/29/2008 (b)***	EUR	600,000		857,601
Pylon, Ltd., Class B Catastrophe Bond
8.624% due 12/29/2008 (b)***		1,000,000		1,441,563
Rabobank Nederland
5.38% due 01/15/2009 (b)***	$	500,000		500,232
Redwood Capital IX, Ltd., Series D
13.11% due 01/09/2008 (b)***		400,000		402,000
Residential Reinsurance 2005 Ltd., Series A
11.07125% due 06/06/2008 (b)***		900,000		883,881

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Residential Reinsurance 2007 Ltd., Series CL1
12.87125% due 06/07/2010 (b)***	$	2,700,000	$	2,761,020
The Bear Stearns Companies, Inc., Series MTN
6.95% due 08/10/2012 ***		3,000,000		3,127,851
Vita Capita II, Ltd.
6.26% due 01/01/2010 (b)***		300,000		297,450
Vita Capital III Ltd., Series B-II
6.48% due 01/01/2012 (b)***		600,000		594,360
				110,964,236
Food & Beverages - 0.10%
Kraft Foods, Inc.
6.00% due 02/11/2013 ***		1,100,000		1,132,384
Forest Products - 0.24%
Weyerhaeuser Co.
6.21% due 09/24/2009 (b)***		2,900,000		2,899,815
Gas & Pipeline Utilities - 0.50%
Rockies Express Pipeline, LLC.
6.4375% due 08/20/2009 (b)***		5,900,000		5,895,428
Hotels & Restaurants - 0.03%
Harrah's Operating Company, Inc.
7.50% due 01/15/2009 ***		400,000		404,500
Insurance - 0.46%
American International Group, Inc.
5.21% due 06/23/2008 (b)***		4,800,000		4,800,878
Foundation Re II, Ltd.
12.27% due 11/26/2010 (b)***		700,000		715,400
				5,516,278
Retail - 0.23%
Wal-Mart Stores, Inc.
5.59438% due 06/16/2008 (b)***		2,700,000		2,701,048
TOTAL CORPORATE BONDS (Cost $229,842,751)			$	231,728,815
MUNICIPAL BONDS - 0.13%
California - 0.01%
California County California Tobacco Securitization
Agency, Tobacco Settlement Asset-Backed
Bonds (Fresno County Tobacco Funding Corp.)
5.625% due 06/01/2023 ***		80,000		78,066
New York - 0.02%
New York City Municipal Finance Authority, Water
& Sewer System Revenue, Series D
4.75% due 06/15/2038 ***		200,000		200,128
Rhode Island - 0.05%
Tobacco Settlement Financing Corp., Tobacco
Settlement Asset-Backed Bonds, Series A
6.00% due 06/01/2023 ***		600,000		616,338
West Virginia - 0.05%
Tobacco Settlement Finance Authority of West
Virginia, Tobacco Settlement Funded
7.467% due 06/01/2047 ***		600,000		589,944
TOTAL MUNICIPAL BONDS (Cost $1,376,394)		$		1,484,476

The accompanying notes are an integral part of the financial statements. 

282

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS - 16.68%
American Home Mortgage Investment Trust, Series
2005-2, Class 5A2
5.28% due 09/25/2035 (b)***	$	65,331	$	65,228
Arkle Master Issuer PLC, Series 2006-1A, Class 1A
5.73% due 11/19/2007 (b)***		1,000,000		999,200
Banc of America Funding Corp., Series 2006-A,
Class 1A1
4.6143% due 02/20/2036 (b)***		2,078,134		2,057,876
Banc of America Funding Corp., Series 2006-J,
Class 4A1
6.14463% due 01/20/2047 (b)***		1,526,432		1,529,971
Bank of America Mortgage Securities, Inc., Series
2004-1, Class 5A1
6.50% due 09/25/2033 ***		173,986		175,509
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-10, Class 21A1
4.883% due 01/25/2035 (b)***		9,668,064		9,560,515
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A1
4.125% due 03/25/2035 (b)***		2,744,655		2,711,010
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A2
4.125% due 03/25/2035 (b)***		1,431,006		1,397,789
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-5, Class A1
4.55% due 08/25/2035 (b)***		999,260		989,485
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-5, Class A2
4.55% due 08/25/2035 (b)***		1,351,544		1,328,374
Bear Stearns Alt-A Trust, Series 2005-10, Class
24A1
5.901224% due 01/25/2036 (b)***		5,419,807		5,445,267
Bear Stearns Alt-A Trust, Series 2005-7, Class 22A1
5.519552% due 09/25/2035 (b)***		6,453,611		6,443,955
Bear Stearns Alt-A Trust, Series 2006-8, Class 3A1
5.29125% due 02/25/2034 (b)***		3,383,175		3,263,966
Bear Stearns Asset Backed Securities, Inc., Series
2006-IM1, Class A4
5.2213% due 04/25/2036 (b)***		158,383		158,003
Bear Stearns Commercial Mortgage Securities,
Series 1998-C1, Class A2
6.44% due 06/16/2030 ***		489,376		491,360
Bear Stearns Structured Products Inc., Series
2007-R6, Class 2A1
5.788202% due 12/25/2046 (b)***		5,700,000		5,663,758
Bear Stearns Structured Products, Inc., Series
2007-R6, Class 1A1
5.68792% due 01/26/2036 (b)***		5,700,000		5,669,686
Bear Stearns Structured Products, Inc., Series
2007-R7, Class A1
5.32% due 01/25/2037 (b)***		5,800,000		5,760,578
Citigroup Mortgage Loan Trust, Inc., Series
2005-11, Class 1A1
4.90% due 12/25/2035 (b)***		138,301		137,732
Citigroup Mortgage Loan Trust, Inc., Series
2005-11, Class A2A
4.70% due 12/25/2035 ***		2,610,698		2,566,067

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A1
4.7475% due 08/25/2035 (b)***	$	1,217,197	$	1,204,367
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A2
4.2475% due 08/25/2035 (b)***		1,038,953		1,014,419
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A3
4.0975% due 08/25/2035 (b)***		168,870		164,513
Citigroup Mortgage Loan Trust, Inc., Series
2006-WMC1, Class A2A
5.2113% due 12/25/2035 (b)***		314,174		313,794
Countrywide Alternative Loan Trust, Series
2006-OA12, Class A1A
5.5763% due 09/20/2046 (b)***		305,456		304,351
Countrywide Alternative Loan Trust, Series
2006-OA19, Class A1
5.68% due 02/20/2047 (b)***		1,031,304		1,005,726
Countrywide Alternative Loan Trust, Series
2006-OA8, Class 2A1
5.2013% due 07/25/2046 (b)***		38,352		38,318
Countrywide Alternative Loan Trust, Series
2007-OA7, Class A1A
5.31125% due 05/25/2047 (b)***		352,154		340,507
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2003-HYB3, Class 7A1
3.7755% due 11/19/2033 (b)***		170,002		165,186
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB5, Class 2A1
4.854582% due 04/20/2035 (b)***		1,624,094		1,609,471
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2005-R2, Class 1AF1
5.4713% due 06/25/2035 (b)***		476,257		466,052
Countrywide Home Loans, Series 2005-3, Class 1A2
5.4213% due 04/25/2035 (b)***		1,484,397		1,454,415
CS First Boston Mortgage Securities Corp., Series
2005-C6, Class A1
4.938% due 12/15/2040 ***		585,072		583,452
Deutsche ALT-A Securities, Inc., Alternate Loan
Trust, Series 2006-AB4, Class A1B1
5.2313% due 10/25/2036 (b)***		670,154		669,653
Deutsche ALT-A Securities, Inc., Alternate Loan
Trust, Series 2006-AR6, Class A1
5.2113% due 07/01/2023 (b)***		1,431,924		1,397,868
Federal Home Loan Mortgage Corp., REMICS,
Series 2002-2504, Class J
5.50% due 05/15/2016 ***		6,467,601		6,519,816
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3336, Class GA
5.00% due 05/15/2027 ***		5,470,550		5,480,195
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3346, Class FA
5.9825% due 02/15/2019 (b)***		21,729,799		21,658,767
Federal Home Loan Mortgage Corp., Series
2003-2608, Class FJ
6.15% due 03/15/2017 (b)***		925,266		926,770

The accompanying notes are an integral part of the financial statements. 

283

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Series
2006-3253, Class A
5.00% due 08/15/2020 ***	$	4,184,211	$	4,157,387
Federal Home Loan Mortgage Corp., Series
2007-3266, Class C
5.00% due 02/15/2020 ***		4,340,561		4,321,984
Federal Home Loan Mortgage Corp., Series
2007-3335, Class AF
5.90% due 10/15/2020 (b)***		10,575,911		10,538,667
Federal Home Loan Mortgage Corp., Series
2007-3335, Class BF
5.90% due 07/15/2019 (b)***		10,537,759		10,499,589
Federal Home Loan Mortgage Corp., Series 2561,
Class BH
4.50% due 05/15/2017 ***		289,998		285,797
Federal Home Loan Mortgage Corp., Series 2638,
Class FA
5.49% due 11/15/2016 (b)***		802,860		807,621
Federal Home Loan Mortgage Corp., Series 2672,
Class TN
4.00% due 03/15/2023 ***		165,865		165,177
Federal Home Loan Mortgage Corp., Series 2752,
Class FM
5.44% due 12/15/2030 (b)***		273,906		274,039
Federal Home Loan Mortgage Corp., Series 2905,
Class UY
4.00% due 10/15/2023 ***		406,067		402,631
Federal Home Loan Mortgage Corp., Series T-63,
Class 1A1
6.18% due 02/25/2045 (b)***		2,187,271		2,198,053
Federal Home Loan Mortgage Corp., Structured
Pass Through Securities, Series T-62, Class
1A1
6.18299% due 10/25/2044 (b)***		69,807		69,586
Federal National Mortgage Association
4.6732% due 05/25/2035 (b)***		1,900,000		1,888,483
Federal National Mortgage Association Whole
Loan, Series 2003-W8, Class 3F2
5.4813% due 05/25/2042 (b)***		191,182		188,848
Federal National Mortgage Association Whole
Loan, Series 2004-W9, Class 1A2
5.95% due 02/25/2044 ***		647,636		648,733
Federal National Mortgage Association, REMICS,
Series 2007-73, Class A1
5.19% due 07/25/2037 (b)***		5,776,270		5,738,363
Federal National Mortgage Association, Series
2004-63, Class FA
5.02% due 08/25/2034 (b)***		313,823		311,506
Federal National Mortgage Association, Series
2006-118, Class A2
5.19% due 12/25/2036 (b)***		387,689		384,096
First Horizon Alternative Mortgage Securities,
Series 2004-AA1, Class A1
4.7308% due 06/25/2034 (b)***		653,459		648,267
First Horizon Asset Securities, Inc., Series
2005-AR3, Class 2A1
5.37108% due 08/25/2035 (b)***		1,127,519		1,120,934

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Fremont Home Loan Trust, Series 2005-E, Class
2A2
5.30% due 01/25/2036 (b)***	$	104,002	$	103,713
Greenpoint Mortgage Funding Trust, Series
2005-AR1, Class A2
5.3513% due 06/25/2045 (b)***		795,422		779,845
Greenpoint Mortgage Funding Trust, Series
2006-AR6, Class A1A
5.21125% due 10/25/2046 (b)***		499,708		496,424
Greenpoint Mortgage Funding Trust, Series
2006-AR8, Class 1A1A
5.21% due 01/25/2047 (b)***		725,338		708,463
Harborview Mortgage Loan Trust, Series 2005-2,
Class 2A1A
5.7225% due 05/19/2035 (b)***		194,545		190,502
Harborview Mortgage Loan Trust, Series 2006-1,
Class 2A1A
5.7425% due 03/19/2037 (b)***		670,684		659,056
Harborview Mortgage Loan Trust, Series 2006-12,
Class 2A11
5.59% due 01/19/2038 (b)***		294,613		293,233
HSI Asset Securitization Corp. Trust, Series
2006-OPT1, Class 2A1
5.2113% due 12/25/2035 (b)***		252,858		251,823
HSI Asset Securitization Corp. Trust, Series
2007-WF1, Class 2A1
5.19% due 05/25/2037 (b)***		2,240,593		2,215,736
Impac Secured Assets Corp., Series 2006-4, Class
A2A
5.21% due 01/25/2037 (b)***		262,014		261,717
Indymac Index Mortgage Loan Trust, Series
2004-AR11, Class 2A
5.04849% due 12/25/2034 (b)***		708,926		704,877
Indymac Index Mortgage Loan Trust, Series
2006-AR14, Class 1A1A
5.2215% due 11/25/2046 (b)***		648,259		643,446
JP Morgan Mortgage Trust, Series 2005-A1, Class
6T1
5.02266% due 02/25/2035 (b)***		4,020,536		3,893,650
JP Morgan Mortgage Trust, Series 2007-A1, Class
3A3
5.012% due 07/25/2035 (b)***		1,839,252		1,818,599
Lehman XS Trust, Series 2006-16N, Class A1A
5.2113% due 11/25/2046 (b)***		843,589		826,689
Lehman XS Trust, Series 2006-4N, Class A1A
5.2113% due 04/25/2046 (b)***		585,918		584,439
Master Adjustable Rate Mortgages Trust, Series
2004-13, Class 3A7
3.7864% due 11/21/2034 (b)***		500,000		488,817
Mellon Residential Funding Corp., Series
2000-TBC3, Class A1
6.1925% due 12/15/2030 (b)***		594,817		588,854
Mellon Residential Funding Corp., Series
2001-TBC1, Class A1
6.1025% due 11/15/2031 (b)***		747,721		744,816
Merrill Lynch Floating Trust, Series 2006-1, Class A1
5.82% due 06/15/2022 (b)***		169,513		168,509

The accompanying notes are an integral part of the financial statements. 

284

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 1A
4.25% due 10/25/2035 (b)***	$	5,593,763	$	5,452,561
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 2A
4.25% due 10/25/2035 (b)***		2,920,391		2,842,336
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 3A
6.13% due 10/25/2035 (b)***		851,568		836,538
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 4A
5.38125% due 11/25/2035 (b)***		785,191		759,239
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 5A
5.38% due 11/25/2035 (b)***		607,029		575,984
Merrill Lynch Mortgage Investors, Inc., Series
2005-A10, Class A
5.34125% due 02/25/2036 (b)***		2,986,337		2,883,769
Residential Accredit Loans, Inc., Series 2005-QO1,
Class A1
5.43% due 08/25/2035 (b)***		293,463		285,794
Securitized Asset Sales, Inc., Series 1993-6, Class
A5
7.51458% due 11/26/2023 (b)***		8,207		8,186
Sequoia Mortgage Trust, Series 5, Class A
5.8525% due 10/19/2026 (b)***		272,112		269,312
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-1, Class 4A2
4.58% due 02/25/2034 (b)***		432,401		436,819
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-19, Class 2A1
6.383% due 01/25/2035 (b)***		214,300		214,804
Structured Adjustable Rate Mortgage Loan Trust,
Series 2005-17, Class 3A1
5.53% due 08/25/2035 (b)***		550,425		550,025
Structured Asset Mortgage Investments, Inc.,
Series 2004-AR5, Class 1A1
5.83% due 10/19/2034 (b)***		253,151		253,001
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A1
5.75% due 07/19/2035 (b)***		490,616		476,539
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A2
5.75% due 07/19/2035 (b)***		1,146,328		1,113,415
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A3
5.7525% due 07/19/2035 (b)***		1,942,913		1,885,761
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR4, Class 2A1
5.3213% due 06/25/2036 (b)***		192,190		188,017
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR7, Class A8
5.2013% due 08/25/2036 (b)***		482,762		480,727
Structured Asset Mortgage Investments, Inc.,
Series 2007-AR3, Class 1A1
5.23% due 09/25/2036 (b)***		1,568,907		1,558,719

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Structured Asset Securities Corp., Series
2006-NC1, Class A6
5.18% due 05/25/2036 (b)***	$	51,613	$	51,184
TBW Mortgage Backed Pass Through Certificates,
Series 2006-4, Class A1B
5.23% due 09/25/2036 (b)***		79,759		79,646
TBW Mortgage Backed Pass Through Certificates,
Series 2006-6, Class A1
5.24125% due 01/25/2037 (b)***		831,412		828,523
Thornburg Mortgage Securities Trust, Series
2006-2, Class A2A
5.24155% due 04/25/2036 (b)***		89,323		88,988
Thornburg Mortgage Securities Trust, Series
2006-5, Class A1
5.2513% due 09/25/2046 (b)***		1,529,633		1,506,571
Thornburg Mortgage Securities Trust, Series
2006-6, Class A1
5.24125% due 12/25/2036 (b)***		3,878,582		3,830,033
Washington Mutual Mortgage Pass Through
Certificates, Series 2006-AR9, Class 1A
5.98% due 08/25/2046 (b)***		3,117,894		3,059,433
Washington Mutual Mortgage Securities Corp.,
Series 2002-AR17, Class 1A
6.1833% due 11/25/2042 (b)***		82,715		83,013
Washington Mutual Mortgage Securities Corp.,
Series 2005-AR15, Class A1A1
5.3913% due 11/25/2045 (b)***		308,373		303,377
Washington Mutual Mortgage Securities Corp.,
Series 2006-AR3, Class A1A
5.9833% due 02/25/2046 (b)***		1,816,603		1,763,304
Washington Mutual, Inc., Series 2005-AR11, Class
A1B1
5.4213% due 08/25/2045 (b)***		40,625		40,538
Washington Mutual, Inc., Series 2006-AR15, Class
2A
5.777% due 11/25/2046 (b)***		277,030		277,346
Washington Mutual, Inc., Series 2006-AR17, Class
1A1A
5.79% due 12/25/2046 (b)***		247,021		242,883
Washington Mutual, Inc., Series 2006-AR7, Class
3A
5.777% due 07/25/2046 (b)***		1,231,284		1,229,921
Wells Fargo Mortgage Backed Securities Trust,
Series 2004-S, Class A1
3.53963% due 09/25/2034 (b)***		370,018		363,082
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR10, Class 2A12
4.1096% due 06/25/2035 (b)***		416,078		414,013
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $198,042,327)		$		198,039,339
ASSET BACKED SECURITIES - 10.11%
Aames Mortgage Investment Trust, Series 2006-1,
Class A1
5.19% due 04/25/2036 (b)***		28,711		28,673

The accompanying notes are an integral part of the financial statements. 

285

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Accredited Mortgage Loan Trust, Series 2005-3,
Class A2B
5.29% due 09/25/2035 (b)***	$	5,045	$	5,044
ACE Securities Corp., Series 2006-CW1, Class A2A
5.1813% due 07/25/2036 (b)***		258,436		257,709
ACE Securities Corp., Series 2006-NC3, Class A2A
5.18% due 12/25/2036 (b)***		272,877		270,952
AmeriCredit Automobile Receivables Trust, Series
2007-CM, Class A1
5.318% due 08/06/2008 ***		2,581,206		2,580,803
Americredit Prime Automobile Receivable, Series
2007-1, Class A1
5.3223% due 06/09/2008 ***		1,554,352		1,554,724
Argent Securities, Inc., Series 2006-M3, Class A2A
5.1813% due 10/25/2036 (b)***		651,386		646,372
Argent Securities, Inc., Series 2006-W1, Class A2A
5.2113% due 03/25/2036 (b)***		172,812		172,609
Argent Securities, Inc., Series 2006-W3, Class A2A
5.2013% due 04/25/2036 (b)***		161,634		161,481
Asset Backed Funding Certificates, Series
2004-OPT5, Class A1
5.4813% due 06/25/2034 (b)***		687,570		671,533
Asset Backed Funding Certificates, Series
2006-OPT3, Class A3A
5.19% due 11/25/2036 (b)***		132,217		131,460
Asset Backed Securities Corp. Home Equity,
Series 2006-HE7, Class A2
5.18% due 11/25/2036 (b)***		99,672		99,140
Bank One Issuance Trust, Series 2003-A3, Class A3
5.86% due 12/15/2010 (b)***		400,000		400,125
Bear Stearns Asset Backed Securities Trust,
Series 2007-HE7, Class 1A1
6.5025% due 10/25/2037 (b)***		5,900,000		5,928,580
Bear Stearns Asset Backed Securities, Inc., Series
2002-2, Class A1
5.4613% due 10/25/2032 (b)***		41,207		40,307
Bear Stearns Asset Backed Securities, Inc., Series
2004-BO1, Class 1A1
5.3313% due 09/25/2034 (b)***		218,301		217,771
Bear Stearns Asset Backed Securities, Inc., Series
2005-4, Class A
5.4613% due 01/25/2036 (b)***		82,283		81,102
Bear Stearns Asset Backed Securities, Inc., Series
2006-AQ1, Class 2A1
5.2113% due 10/25/2036 (b)***		907,144		902,776
Bear Stearns Asset Backed Securities, Inc., Series
2006-EC1, Class A1
5.2113% due 12/25/2035 (b)***		41,834		41,809
Bear Stearns Asset Backed Securities, Inc., Series
2006-HE10, Class 21A1
5.20% due 12/25/2036 (b)***		1,528,579		1,516,877
Bear Stearns Asset Backed Securities, Inc., Series
2006-HE9, Class 1A1
5.1813% due 11/25/2036 (b)***		69,030		68,499
Centex Home Equity, Series 2006-A, Class AV1
5.1813% due 06/25/2036 (b)***		461,183		460,594

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Chase Credit Card Master Trust, Series 2002-7,
Class A
5.87% due 02/15/2010 (b)***	$	200,000	$	200,028
Chase Credit Card Master Trust, Series 2003-3,
Class A
5.8625% due 10/15/2010 (b)***		400,000		400,041
Chase Credit Card Master Trust, Series 2003-6,
Class A
5.8625% due 02/15/2011 (b)***		900,000		899,460
Chase Issuance Trust, Series 2005-A1, Class A1
5.76% due 12/15/2010 (b)***		300,000		299,930
Citibank Credit Card Issuance Trust, Series
2003-A1, Class A1
5.46% due 01/15/2010 (b)***		400,000		400,078
Citigroup Commercial Mortgage Trust, Series
2006-FL2, Class A1
5.82% due 08/15/2021 (b)***		142,699		142,352
Citigroup Mortgage Loan Trust, Inc., Series
2006-WFH4, Class A1
5.18% due 11/25/2036 (b)***		227,693		226,653
Citigroup Mortgage Loan Trust, Inc., Series
2007-AMC2, Class A3A
5.2113% due 01/25/2037 (b)***		2,658,516		2,637,941
Commercial Mortgage Pass Through Certificates,
Series 1999-1, Class A2
6.455% due 05/15/2032 ***		452,675		455,397
Countrywide Asset-Backed Certificates, Series
2006-1, Class AF1
5.2613% due 07/25/2036 (b)***		84,443		84,371
Countrywide Asset-Backed Certificates, Series
2006-11, Class 3AV1
5.1913% due 09/25/2046 (b)***		266,107		265,063
Countrywide Asset-Backed Certificates, Series
2006-13, Class 3AV1
5.1813% due 01/25/2037 (b)***		420,750		419,296
Countrywide Asset-Backed Certificates, Series
2006-15, Class A1
5.24125% due 10/25/2046 ***		618,511		615,576
Countrywide Asset-Backed Certificates, Series
2006-18, Class 2A1
5.1813% due 03/25/2037 (b)***		497,906		495,507
Countrywide Asset-Backed Certificates, Series
2006-21, Class 2A1
5.1813% due 12/25/2036 (b)***		218,645		216,896
Countrywide Asset-Backed Certificates, Series
2006-22, Class 2A1
5.1813% due 05/25/2037 (b)***		312,790		310,070
Countrywide Asset-Backed Certificates, Series
2006-23, Class 2A1
5.1813% due 11/25/2037 (b)***		3,539,077		3,518,875
Countrywide Asset-Backed Certificates, Series
2006-4, Class 2A1
5.2013% due 07/25/2036 (b)***		132,978		132,688
Countrywide Asset-Backed Certificates, Series
2006-6, Class 2A1
5.2013% due 09/25/2036 (b)***		74,108		74,087

The accompanying notes are an integral part of the financial statements. 

286

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Countrywide Asset-Backed Certificates, Series
2006-8, Class 2A1
5.1613% due 01/25/2046 (b)***	$	663,320	$	660,128
Credit-Based Asset Servicing and Securitization
LLC, Series 2007-CB6, Class A1
5.25% due 07/25/2037 (b)***		1,359,052		1,353,106
Equity One ABS, Inc., Series 2004-1, Class AV2
5.4313% due 04/25/2034 (b)***		88,483		86,207
Federal Home Loan Mortgage Corp. Structured
Pass Through Securities, Series T-32, Class A1
5.3913% due 08/25/2031 (b)***		128,903		129,459
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2005-FFH2, Class A2
5.38% due 04/25/2035 (b)***		539,145		538,759
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2006-FF1, Class 2A1
5.2213% due 01/25/2036 (b)***		600,967		598,633
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2006-FF15, Class A3
5.18% due 11/25/2036 (b)***		1,562,352		1,539,634
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2006-FF16, Class 2A1
5.18% due 12/25/2036 (b)***		203,130		201,650
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2006-FF18, Class A2A
5.20% due 12/25/2037 (b)***		3,237,557		3,213,245
First NLC Trust, Series 2007-1, Class A1
5.20% due 08/25/2037 (b)***		5,375,437		5,351,081
First USA Credit Card Master Trust, Series 1998-6,
Class A
5.77% due 04/18/2011 (b)***		1,300,000		1,300,140
Fremont Home Loan Trust, Series 2006-C, Class
2A1
5.18% due 10/25/2036 (b)***		127,339		126,447
Fremont Home Loan Trust, Series 2006-E, Class
2A1
5.19% due 01/25/2037 ***		390,118		385,810
GE Capital Commercial Mortgage Corp., Series
2002-3A, Class A1
4.229% due 12/10/2037 (b)***		3,381,031		3,338,387
GS Auto Loan Trust, Series 2007-1, Class A1
5.3436% due 07/15/2008 ***		1,857,452		1,857,452
GSAMP Trust, Series 2004-SEA2, Class A2A
5.4213% due 03/25/2034 (b)***		166,610		165,958
GSAMP Trust, Series 2006-HE7, Class A2A
5.17% due 10/25/2036 (b)***		198,939		197,873
GSAMP Trust, Series 2006-S6, Class A1A
5.20% due 10/25/2036 (b)***		55,835		53,828
GSR Mortgage Loan Trust, Series 2005-HEL1,
Class A2A
5.2313% due 11/25/2030 (b)***		107,435		106,448
Home Equity Asset Trust, Series 2006-2, Class 2A1
5.2113% due 05/25/2036 (b)***		299,126		297,547
Honda Auto Receivables Owner Trust, Series
2007-1, Class A1
5.322% due 03/18/2008 ***		707,118		707,344

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
HSI Asset Securitization Corp. Trust, Series
2006-HE1, Class 2A1
5.18% due 10/25/2036 (b)***	$	150,321	$	149,233
HSI Asset Securitization Corp. Trust, Series
2006-HE2, Class 2A1
5.18125% due 12/25/2036 (b)***		3,771,763		3,736,716
HSI Asset Securitization Corp. Trust, Series
2007-OPT1, Class 2A1
5.18% due 12/25/2036 (b)***		1,531,089		1,520,653
Indymac Residential Asset Backed Trust, Series
2005-D, Class AII1
5.2313% due 03/25/2036 (b)***		75,393		75,373
Indymac Residential Asset Backed Trust, Series
2006-A, Class A1
5.2213% due 03/25/2036 (b)***		465,227		464,333
Indymac Residential Asset Backed Trust, Series
2006-D, Class 2A1
5.1813% due 11/25/2036 (b)***		263,499		262,561
JP Morgan Mortgage Acquisition Corp., Series
2005-OPT1, Class A3
5.34% due 06/25/2035 (b)***		10,848		10,835
JP Morgan Mortgage Acquisition Corp., Series
2006-CH1, Class A2
5.1813% due 07/25/2028 (b)***		276,357		275,020
JP Morgan Mortgage Acquisition Corp., Series
2006-CH2, Class AV2
5.1813% due 10/25/2036 (b)***		1,886,936		1,864,180
JP Morgan Mortgage Acquisition Corp., Series
2006-CW2, Class AV2
5.1713% due 08/25/2036 (b)***		118,219		117,679
JP Morgan Mortgage Acquisition Corp., Series
2006-HE3, Class A2
5.20% due 11/25/2036 (b)***		177,375		176,423
JP Morgan Mortgage Acquisition Corp., Series
2006-WMC3, Class A2
5.1813% due 08/25/2036 (b)***		619,314		614,861
Lehman XS Trust, Series 2006-10N, Class 1A1A
5.2113% due 07/25/2046 (b)***		434,203		432,611
Lehman XS Trust, Series 2006-9, Class A1A
5.20% due 05/25/2046 (b)***		321,532		320,779
Long Beach Mortgage Loan Trust, Series
2005-WL2, Class 3A1
5.31% due 08/25/2035 (b)***		116,969		116,078
Long Beach Mortgage Loan Trust, Series 2006-1,
Class 2A1
5.2113% due 02/25/2036 (b)***		66,974		66,948
Long Beach Mortgage Loan Trust, Series 2006-10,
Class 2A1
5.17% due 11/25/2036 (b)***		143,136		142,113
Long Beach Mortgage Loan Trust, Series 2006-2,
Class 2A1
5.2013% due 03/25/2036 (b)***		31,302		31,284
Long Beach Mortgage Loan Trust, Series 2006-3,
Class 2A1
5.1913% due 05/25/2046 (b)***		55,575		55,507

The accompanying notes are an integral part of the financial statements. 

287

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Long Beach Mortgage Loan Trust, Series 2006-5,
Class 2A1
5.16% due 06/25/2036 (b)***	$	27,678	$	27,614
Master Asset Backed Securities Trust, Series
2006-AM3, Class A1
5.19% due 10/25/2036 (b)***		27,339		27,275
MBNA Credit Card Master Note Trust, Series
2004-A7, Class A7
5.85% due 12/15/2011 (b)***		100,000		99,793
MBNA Master Credit Card Trust, Series 1998-E,
Class A
5.5188% due 09/15/2010 (b)***		100,000		100,024
Merrill Lynch Mortgage Investors Trust, Series
2006-RM5, Class A2A
5.19% due 10/25/2037 (b)***		469,937		466,428
Merrill Lynch Mortgage Investors, Inc., Series
2006-AHL1, Class A2A
5.1813% due 05/25/2037 (b)***		410,162		407,941
Merrill Lynch Mortgage Investors, Inc., Series
2006-FF1, Class A2A
5.20% due 08/25/2036 (b)***		1,621,862		1,616,459
Merrill Lynch Mortgage Investors, Inc., Series
2006-MLN1, Class A2A
5.2013% due 07/25/2037 (b)***		493,588		489,916
Merrill Lynch Mortgage Investors, Inc., Series
2006-RM3, Class A2A
5.16% due 06/25/2037 (b)***		238,030		237,251
Merrill Lynch Mortgage Investors, Inc., Series
2006-WMC1, Class A2A
5.2113% due 01/25/2037 (b)***		37,527		37,517
Morgan Stanley ABS Capital I, Series 2006-HE4,
Class A1
5.17% due 06/25/2036 (b)***		67,805		67,559
Morgan Stanley ABS Capital I, Series 2006-HE7,
Class A2A
5.18% due 09/25/2036 (b)***		378,938		376,779
Morgan Stanley ABS Capital I, Series 2006-HE8,
Class A2A
5.18% due 10/25/2036 (b)***		271,413		269,818
Morgan Stanley ABS Capital I, Series 2006-NC4,
Class A2A
5.16% due 06/25/2036 (b)***		32,227		32,108
Morgan Stanley ABS Capital I, Series 2006-NC5,
Class A2A
5.1713% due 10/25/2036 ***		458,069		454,761
Morgan Stanley ABS Capital I, Series 2006-WMC2,
Class A2A
5.1713% due 07/25/2036 (b)***		1,564,565		1,555,484
Morgan Stanley Capital I, Series 2006-NC2, Class
A2B
5.25% due 02/25/2036 (b)***		4,400,000		4,361,576
Morgan Stanley IXIS Real Estate Capital Trust,
Series 2006-2, Class A1
5.18% due 11/25/2036 (b)***		132,843		131,804
Nationstar Home Equity Loan Trust, Series 2007-B,
Class 2AV1
5.25125% due 04/25/2037 (b)***		1,877,534		1,865,264

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Nelnet Student Loan Trust, Series 2004-3, Class A3
5.45% due 07/25/2016 (b)***	$	206,486	$	206,630
Nelnet Student Loan Trust, Series 2004-4, Class A3
5.45% due 10/25/2016 (b)***		159,257		159,284
Newcastle Mortgage Securities Trust, Series
2006-1, Class A1
5.2013% due 03/25/2036 (b)***		130,259		129,719
Nomura Asset Acceptance Corp., Series 2006-S1,
Class A1
5.2713% due 01/25/2036 (b)***		147,880		141,854
Nomura Home Equity Loan Inc, Series 2006-HE1,
Class A1
5.21% due 02/25/2036 (b)***		36,296		36,198
Option One Mortgage Loan Trust, Series 2006-2,
Class 2A1
5.18% due 07/25/2036 (b)***		70,313		70,058
Option One Mortgage Loan Trust, Series 2006-3,
Class 2A1
5.17% due 02/25/2037 (b)***		63,389		63,125
Park Place Securities Inc, Series 2005-WCW1,
Class A1B
5.39% due 09/25/2035 (b)***		41,754		41,425
Residential Asset Mortgage Products, Inc., Series
2006-RS6, Class A1
5.20% due 11/25/2036 (b)***		154,156		153,679
Residential Asset Mortgage Products, Inc., Series
2006-RZ5, Class A1A
5.23% due 08/25/2046 (b)***		2,501,222		2,479,589
Residential Asset Securities Corp., Series
2006-EMX4, Class A1
5.1713% due 06/25/2036 (b)***		547,903		545,867
Residential Asset Securities Corp., Series
2006-EMX9, Class 1A1
5.20% due 11/25/2036 (b)***		203,830		202,854
Residential Asset Securities Corp., Series
2006-KS3, Class AI1
5.2013% due 04/25/2036 (b)***		40,626		40,560
Residential Asset Securities Corp., Series
2006-KS4, Class A1
5.1713% due 06/25/2036 (b)***		826,322		823,242
Residential Asset Securities Corp., Series
2006-KS9, Class AI1
5.20% due 11/25/2036 (b)***		1,196,166		1,186,805
Residential Asset Securities Corp., Series
2007-KS2, Class AI1
5.20% due 02/25/2037 (b)***		1,730,728		1,718,818
Securitized Asset Backed Receivables LLC Trust,
Series 2006-NC3, Class A2A
5.18% due 09/25/2036 (b)***		188,342		186,731
Securitized Asset Backed Receivables LLC Trust,
Series 2006-WM4, Class A2A
5.21% due 11/25/2036 (b)***		33,988		33,654
Securitized Asset Backed Receivables LLC Trust,
Series 2007-HE1, Class A2A
5.19% due 12/25/2036 (b)***		1,801,646		1,787,297
SLM Student Loan Trust, Series 2006-10, Class A1
5.3229% due 07/25/2013 (b)***		221,940		221,954

The accompanying notes are an integral part of the financial statements. 

288

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
SLM Student Loan Trust, Series 2006-8, Class A1
5.34% due 04/25/2012 (b)***	$	75,127	$	75,132
SLM Student Loan Trust, Series 2006-9, Class A1
5.33% due 10/25/2012 (b)***		36,107		36,101
SLM Student Loan Trust, Series 2006-9, Class A2
5.355% due 04/25/2017 (b)***		5,600,000		5,581,626
SLM Student Loan Trust, Series 2007-3, Class A1
5.35% due 10/27/2014 (b)***		4,201,307		4,186,207
SLM Student Loan Trust, Series 2007-5, Class A1
5.3519% due 07/25/2013 (b)***		5,900,000		5,886,170
Soundview Home Equity Loan Trust, Series
2005-OPT1, Class 2A3
5.36% due 06/25/2035 (b)***		21,500		21,494
Soundview Home Equity Loan Trust, Series
2006-EQ1, Class A1
5.1813% due 10/25/2036 (b)***		508,538		505,471
Soundview Home Equity Loan Trust, Series
2006-EQ2, Class A1
5.21% due 01/25/2037 (b)***		3,066,119		3,044,920
Soundview Home Equity Loan Trust, Series
2006-NLC1, Class A1
5.19% due 11/25/2036 ***		356,545		354,595
Soundview Home Equity Loan Trust, Series
2006-OPT5, Class 2A1
5.1613% due 07/25/2036 (b)***		219,876		219,769
Soundview Home Equity Loan Trust, Series
2006-WF1, Class A1A
5.23% due 10/25/2036 (b)***		180,771		179,901
Specialty Underwriting & Residential Finance,
Series 2006-BC2, Class A2A
5.19% due 02/25/2037 (b)***		764,220		759,476
Specialty Underwriting & Residential Finance,
Series 2006-BC3, Class A2A
5.16% due 06/25/2037 (b)***		50,557		50,217
Specialty Underwriting & Residential Finance,
Series 2006-BC5, Class A2B
5.18% due 11/25/2037 (b)***		63,945		63,484
Structured Asset Investment Loan Trust, Series
2006-4, Class A3
5.18% due 07/25/2036 (b)***		52,089		51,505
Structured Asset Securities Corp., Series
2005-7XS, Class 2A1A
4.90% due 04/25/2035 ***		1,037,963		1,025,432
Structured Asset Securities Corp., Series 2005-S7,
Class A1
5.2613% due 12/25/2035 (b)***		337,690		336,796
Structured Asset Securities Corp., Series 2006-11,
Class A1
5.322379% due 10/25/2035 (b)***		473,041		470,194
Structured Asset Securities Corp., Series
2006-BC3, Class A2
5.18125% due 10/25/2036 (b)***		750,251		742,608
Truman Capital Mortgage Loan Trust, Series
2004-1, Class A1
5.4713% due 01/25/2034 (b)***		24,481		24,423

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Wachovia Bank Commercial Mortgage Trust,
Series 2006-WL7A, Class A1
5.8425% due 09/15/2021 (b)***	$	7,643,509	$	7,614,640
Wachovia Bank Commercial Mortgage Trust,
Series 2007-WHL8, Class A1
5.83250% due 06/15/2020 (b)***		5,369,054		5,311,766
TOTAL ASSET BACKED SECURITIES
(Cost $120,619,178)			$	120,072,213
TERM LOANS - 0.96%
Financial Services - 0.49%
DaimlerChrysler Financial Company
5.00% due 08/03/2012 (b)***		5,800,000		5,800,058
Medical-Hospitals - 0.39%
HCA, Inc.
7.448% due 11/01/2013 (b)***		4,676,500		4,598,122
Paper - 0.08%
Georgia Pacific Corp.
7.11% due 12/20/2012 (b)***		985,000		968,171
TOTAL TERM LOANS (Cost $11,171,500)			$	11,366,351
OPTIONS - 0.19%
Call Options - 0.10%
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 10 Yr. Futures
Expiration 11/20/2007 at $129.00		1,627,000		25,422
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 5 Yr. Futures
Expiration 11/20/2007 at $122.00		562,000		8,781
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note Futures
Expiration 11/20/2007 at $132.00		838,000		13,094
Over The Counter European Purchase Call Option
on the EUR vs. USD
Expiration 07/08/2010 at $1.392		6,000,000		429,628
Over The Counter European Style Call on the EUR
vs. USD
Expiration 06/26/2008 at $1.353		5,200,000		413,288
Over The Counter European Style Call on the USD
vs. JPY
Expiration 06/23/2008 at $118.15		11,000,000		60,819
Over The Counter European Style Call on
USD-LIBOR Rate Swaption
Expiration 03/31/2008 at $4.75		30,000,000		233,238
Expiration 09/26/2008 at $4.75		7,000,000		61,042
				1,245,312
Put Options - 0.09%
Chicago Mercantile Exchange American Purchase
Put on Eurodollar
Expiration 12/17/2007 at $91.25		172,500		431
Expiration 03/17/2008 at $91.75		812,500		2,031
LIFFE American Purchase Put on 90-Day GBP
LIBOR
Expiration 03/19/2008 at $93.00		120,875,000		12,230

The accompanying notes are an integral part of the financial statements. 

289

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
Put Options (continued)
Over The Counter European Purchase Put
Expiration 03/31/2008 at $5.017		9,100,000	$	20,161
Expiration 11/06/2007 at $86.5625		66,600,000		1
Expiration 11/06/2007 at $86.75		18,000,000		0
Expiration 10/04/2007 at $87.00		110,000,000		1
Expiration 10/04/2007 at $87.03125		11,000,000		0
Expiration 10/04/2007 at $89.0625		36,000,000		0
Expiration 11/06/2007 at $89.50		8,500,000		0
Over The Counter European Purchase Put on the
USD vs. JPY
Expiration 06/23/2008 at $118.15		11,000,000		690,877
Over The Counter European Purchase Put
Treasury Inflationary Index, 0.875%
Expiration 12/04/2007 at $88.00		120,000,000		1
Over The Counter European Purchase Put
Treasury Inflationary Index, 1.875%
Expiration 12/21/2007 at $81.00		90,000,000		1
Over The Counter European Purchase Put
Treasury Inflationary Index, 2.00%
Expiration 11/16/2007 at $83.00		58,000,000		1
Over The Counter European Purchase Put
Treasury Inflationary Index, 2.375%
Expiration 12/04/2007 at $69.50		50,000,000		1
Over The Counter European Purchase Put
Treasury Inflationary Index, 3.50%
Expiration 10/09/2007 at $79.21875		70,000,000		1
Over The Counter European Purchase Put
Treasury Inflationary Index, 3.625%
Expiration 12/21/2007 at $85.00		70,000,000		1
Over The Counter European Purchase Put
Treasury Inflationary Index, 4.25%
Expiration 11/08/2007 at $97.50		20,000,000		0
Over The Counter European Style Put on the EUR
vs. USD
Expiration 06/26/2008 at $1.353		5,200,000		49,572
Expiration 07/08/2010 at $1.392		6,000,000		253,058
				1,028,368
TOTAL OPTIONS (Cost $2,009,649)			$	2,273,680
SHORT TERM INVESTMENTS - 21.72%
Bank of America Corp.
5.245% due 10/02/2007 to
10/26/2007 ***	$	1,400,000	$	1,396,183
Bank of Ireland
5.245% due 10/26/2007 ***		2,200,000		2,170,511
Barclays U.S. Funding, LLC
5.26% due 11/06/2007 ***		1,600,000		1,591,584
Dexia Credit Local SA - Series YCD
5.27% due 09/29/2008 ***	EUR	10,500,000		10,495,935
DNB NORBank ASA
5.225% due 11/15/2007 to
11/20/2007 ***	$	34,400,000		33,775,496
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2007 ***		8,000,000		8,000,000
General Electric Capital Corp.
5.17% due 11/06/2007 ***		2,300,000		2,288,109

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
General Electric Capital Corp. (continued)
5.24% due 10/31/2007 ***	$	28,800,000	$	28,674,240
HBOS Treasury Services PLC
5.25% due 10/11/2007 to 11/05/2007 ***		3,800,000		3,785,344
Rabobank USA Finance Corp.
4.99% due 10/01/2007 ***		32,600,000		32,600,000
Royal Bank of Scotland Group, PLC
5.265% due 03/26/2008 ***		1,700,000		1,699,756
Skandinaviska Enskilda Banken AB
5.25% due 11/08/2007 ***		31,400,000		30,969,558
5.277% due 10/03/2007 ***		500,000		499,999
5.31% due 02/04/2008 ***		600,000		599,979
Societe Generale NY
5.451% due 06/30/2008 ***		800,000		799,817
5.455% due 03/26/2008 ***		1,700,000		1,699,756
U.S. Treasury Bills
zero coupon due 11/29/2007 to
12/13/2007 *** ****		4,470,000		4,435,869
UBS Finance (Delaware) LLC
4.75% due 10/01/2007 ***		21,200,000		21,200,000
5.20% due 10/23/2007 ***		600,000		598,093
5.23% due 10/15/2007 ***		9,300,000		9,281,085
5.24% due 10/02/2007 ***		200,000		199,971
5.25% due 10/10/2007 to 10/12/2007 ***		3,100,000		3,095,379
5.255% due 11/02/2007 ***		1,400,000		1,393,460
Unicredito Luxembourg Finance
5.185% due 11/27/2007 ***		5,400,000		5,254,561
5.20% due 10/26/2007 ***		22,300,000		21,797,507
Westpac Banking Corp.
5.165% due 11/05/2007 ***		900,000		876,757
5.225% due 11/13/2007 ***		1,000,000		981,858
5.25% due 10/25/2007 to 11/02/2007 ***		1,900,000		1,890,380
Westpac Trust Securities NZ, Ltd.
5.27% due 11/06/2007 ***		26,200,000		25,835,638
TOTAL SHORT TERM INVESTMENTS
(Cost $257,886,825)			$	257,886,825
REPURCHASE AGREEMENTS - 0.84%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$9,926,390 on 10/01/2007,
collateralized by $10,050,000
Federal Home Loan Bank, 5.125%
due 02/12/2008 (valued at
$10,125,375, including interest)	$	9,923,000	$	9,923,000
TOTAL REPURCHASE AGREEMENTS
(Cost $9,923,000)			$	9,923,000
Total Investments (Real Return Bond Trust)
(Cost $2,512,859,548) - 212.27%			$	2,520,023,189
Liabilities in Excess of Other Assets - (112.27)%				(1,332,854,319)
TOTAL NET ASSETS - 100.00%			$	1,187,168,870

The accompanying notes are an integral part of the financial statements. 

290

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
FEDERAL HOME LOAN MORTGAGE CORP. - 27.05%
Federal Home Loan Mortgage Corp.
4.50%, TBA **	$	694	$	14,734
5.00%, TBA **		17,800,000	$	16,976,750
6.00%, TBA **		14,500,000	$	14,540,789
TOTAL FEDERAL HOME LOAN MORTGAGE
CORP. (Proceeds $31,671,311)			$	31,532,273
FEDERAL NATIONAL MORTGAGE
ASSOCIATION - 7.28%
Federal National Mortgage Association
5.00%, TBA **		8,900,000	$	8,488,375
TOTAL FEDERAL NATIONAL MORTGAGE
ASSOCIATION (Proceeds $8,524,531)			$	8,488,375
GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION - 44.20%
Government National Mortgage Association
5.50%, TBA **		5,900,000	$	5,817,034
6.00%, TBA **		8,500,000	$	8,553,125
6.50%, TBA **		36,300,000	$	37,150,799
TOTAL GOVERNMENT NATIONAL
MORTGAGE
ASSOCIATION (Proceeds $51,455,305)			$	51,520,958
U.S. TREASURY - 21.47%
U.S. Treasury Bond
4.75%, due 02/15/2037		300,000	$	296,039
U.S. Treasury Notes
4.125%, due 08/31/2012		7,300,000	$	7,275,480
4.25%, due 08/15/2014		200,000	$	198,781
4.625%, due 11/15/2016		9,900,000	$	9,958,004
4.75%, due 08/15/2017		7,200,000	$	7,304,623
TOTAL U.S. TREASURY (Proceeds $25,211,212)			$	25,032,927
Total Securities Sold Short
(Proceeds $116,862,359)			$	116,574,533
Science & Technology Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 93.72%
Advertising - 2.22%
Focus Media Holding, Ltd., ADR *		130,965	$	7,598,589
Monster Worldwide, Inc. *		57,400		1,955,044
				9,553,633
Agriculture - 0.80%
Monsanto Company		40,313		3,456,437
Biotechnology - 0.42%
Amgen, Inc. *		31,600		1,787,612
Business Services - 0.49%
Accenture, Ltd., Class A		17,100		688,275

Science & Technology Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Capita Group PLC *	55,106	$	813,352
SAIC, Inc. *	31,400		602,566
			2,104,193
Cellular Communications - 2.99%
Crown Castle International Corp. *	37,500		1,523,625
Metropcs Communications, Inc. * (a)	18,400		501,952
Motorola, Inc.	201,300		3,730,089
NII Holdings, Inc. *	86,235		7,084,205
			12,839,871
Chemicals - 0.50%
Wacker Chemie AG	9,135		2,131,743
Computers & Business Equipment - 18.98%
Acme Packet, Inc. *	49,500		763,290
Apple, Inc. *	71,260		10,941,260
BigBand Networks, Inc. *	54,900		351,360
Cisco Systems, Inc. *	446,355		14,778,814
Cogent, Inc. *	79,700		1,249,696
Cognizant Technology Solutions Corp.,
Class A *	24,600		1,962,342
Dell, Inc. *	139,451		3,848,848
Delta Electronics, Inc.	315,950		1,224,687
EMC Corp. *	389,138		8,094,070
Foundry Networks, Inc. *	315,757		5,611,002
Hewlett-Packard Company	69,293		3,450,098
Juniper Networks, Inc. *	199,562		7,305,965
Lenovo Group, Ltd.	1,634,300		1,260,026
Network Appliance, Inc. *	189,380		5,096,216
Palm, Inc. *	94,300		1,534,261
Research In Motion, Ltd. *	74,350		7,327,193
SanDisk Corp. *	80,967		4,461,282
Seagate Technology	76,800		1,964,544
Wistron Corp.	154,000		278,413
			81,503,367
Construction & Mining Equipment - 0.27%
National Oilwell Varco, Inc. *	7,919		1,144,295
Electrical Equipment - 0.64%
Hoya Corp.	71,700		2,444,460
Stanley Electric Corp.	12,100		291,503
			2,735,963
Electronics - 3.53%
Dolby Laboratories, Inc., Class A *	44,723		1,557,255
Flextronics International, Ltd. *	186,100		2,080,598
Hon Hai Precision Industry Company, Ltd.	284,880		2,147,402
Jabil Circuit, Inc.	92,800		2,119,552
Nidec Corp.	25,490		1,780,176
Samsung Electronics Company, Ltd.	6,125		3,848,413
Tyco Electronics, Ltd.	46,025		1,630,666
			15,164,062
Energy - 2.30%
First Solar, Inc. *	21,091		2,483,254

The accompanying notes are an integral part of the financial statements. 

291

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Science & Technology Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Q-Cells AG *	9,295	$	947,561
Renewable Energy Corp AS *	45,111		2,071,224
SunPower Corp., Class A. * (a)	34,476		2,855,302
Suntech Power Holdings Company, Ltd., ADR *	38,552		1,538,225
			9,895,566
Food & Beverages - 0.15%
Orkla ASA	37,370		664,917
Healthcare Services - 1.03%
Cerner Corp. * (a)	73,915		4,420,856
Industrial Machinery - 0.58%
Cameron International Corp. *	27,075		2,498,752
Industrials - 1.08%
ABB, Ltd.	176,567		4,637,465
International Oil - 0.28%
Weatherford International, Ltd. *	17,613		1,183,241
Internet Content - 3.73%
Google, Inc., Class A *	20,586		11,677,820
Sohu.com, Inc. *	16,845		635,225
Yahoo!, Inc. *	138,500		3,717,340
			16,030,385
Internet Retail - 1.50%
Amazon.com, Inc. *	27,788		2,588,452
eBay, Inc. *	98,400		3,839,568
			6,428,020
Internet Service Provider - 3.41%
Baidu.com, Inc., ADR *	16,875		4,887,844
Salesforce.Com, Inc. *	114,196		5,860,538
SINA.com *	81,720		3,910,302
			14,658,684
Internet Software - 4.31%
Akamai Technologies, Inc. *	49,200		1,413,516
Digital River, Inc. *	53,900		2,412,025
McAfee, Inc. *	140,433		4,896,899
Shanda Interactive Entertainment Ltd *	30,636		1,139,965
Tencent Holdings, Ltd.	1,072,000		6,926,589
VeriSign, Inc. *	50,300		1,697,122
			18,486,116
Leisure Time - 3.15%
DreamWorks Animation SKG, Inc., Class A *	30,800		1,029,336
Electronic Arts, Inc. *	169,286		9,478,323
International Game Technology	40,100		1,728,310
Perfect World Co, Ltd. *	47,214		1,289,414
			13,525,383
Manufacturing - 0.45%
Foxconn International Holdings, Ltd. *	711,000		1,949,262
Petroleum Services - 0.31%
Schlumberger, Ltd.	12,553		1,318,065

Science & Technology Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade - 0.31%
GameStop Corp., Class A *	23,820	$	1,342,257
Semiconductors - 17.00%
Advanced Micro Devices, Inc. *	107,900		1,424,280
Altera Corp.	193,600		4,661,888
Analog Devices, Inc.	121,300		4,386,208
Broadcom Corp., Class A *	123,100		4,485,764
Chartered Semiconductor Manufacturing, Ltd. *	2,893,890		2,125,137
Infineon Technologies AG *	212,000		3,644,186
Intel Corp.	479,401		12,397,310
Intersil Corp., Class A	32,144		1,074,574
Marvell Technology Group, Ltd. *	403,200		6,600,384
Maxim Integrated Products, Inc.	61,500		1,805,025
MEMC Electronic Materials, Inc. *	27,094		1,594,753
Microchip Technology, Inc.	18,500		671,920
National Semiconductor Corp.	49,100		1,331,592
NVIDIA Corp. *	256,973		9,312,683
ON Semiconductor Corp. *	316,620		3,976,747
PMC-Sierra, Inc. *	246,200		2,065,618
QLogic Corp. *	125,900		1,693,355
Taiwan Semiconductor
Manufacturing Company, Ltd., SADR	101,999		1,032,230
Texas Instruments, Inc.	78,800		2,883,292
Veeco Instruments, Inc. *	46,079		893,011
Xilinx, Inc.	188,900		4,937,846
			72,997,803
Software - 12.16%
Activision, Inc. *	201,434		4,348,960
Adobe Systems, Inc. *	75,972		3,316,938
Autodesk, Inc. *	130,408		6,516,488
BladeLogic, Inc. *	6,455		165,506
Citrix Systems, Inc. *	64,315		2,593,181
HCL Technologies Ltd *	65,500		503,719
Infosys Technologies, Ltd., ADR	34,100		1,650,099
Infosys Technologies, Ltd.	29,400		1,398,909
Microsoft Corp.	217,100		6,395,766
NAVTEQ Corp. *	33,800		2,635,386
Oracle Corp. *	286,285		6,198,070
Red Hat, Inc. *	203,400		4,041,558
Riverbed Technology, Inc. *	115,140		4,650,505
Satyam Computer Services, Ltd., ADR	18,100		468,609
Satyam Computer Services, Ltd.	106,700		1,202,325
Take-Two Interactive Software, Inc. * (a)	76,900		1,313,452
Tata Consultancy Services Ltd	83,500		2,219,298
THQ, Inc. *	18,200		454,636
TomTom NV *	27,225		2,110,000
VMware, Inc. Class A *	330		28,050
			52,211,455
Steel - 0.05%
Tenaris SA, ADR	4,090		215,216

The accompanying notes are an integral part of the financial statements. 

292

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Science & Technology Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services - 8.38%
Alcatel SA, ADR		186,200	$	1,895,516
Amdocs, Ltd. *		46,200		1,718,178
American Tower Corp., Class A *		37,700		1,641,458
Aruba Networks, Inc. *		15,400		308,000
Ciena Corp. *		55,414		2,110,165
Corning, Inc.		200,800		4,949,720
Finisar Corp. * (a)		501,900		1,405,320
JDS Uniphase Corp. *		111,625		1,669,910
Level 3 Communications, Inc. * (a)		387,034		1,799,708
Nokia Oyj, SADR		177,310		6,725,368
Optium Corp. * (a)		62,000		643,560
QUALCOMM, Inc.		158,930		6,716,382
Starent Networks Corp *		32,100		677,631
Telefonaktiebolaget LM Ericsson, SADR		93,300		3,713,340
				35,974,256
Toys, Amusements & Sporting Goods - 2.51%
Nintendo Company, Ltd.		20,705		10,768,473
Travel Services - 0.19%
Ctrip.com International, Ltd., ADR		15,936		825,485
TOTAL COMMON STOCKS (Cost $332,399,055)			$	402,452,833
WARRANTS - 1.90%
Computers & Business Equipment - 0.10%
Asustek Computer Inc		137,700		417,231
Electronics - 0.59%
Merrill Lynch Call Hon Hai Precision Industry Co.
(Expiration date 11/17/2010; strike
price TWD .000001)		338,095		2,548,560
Semiconductors - 0.57%
MediaTek Inc		107,432		1,933,776
Richtek Technology Corp.		44,204		525,542
				2,459,318
Telecommunications Equipment &
Services - 0.64%
Bharti Airtel Ltd		115,697		2,737,391
TOTAL WARRANTS (Cost $7,016,108)			$	8,162,500
CORPORATE BONDS - 0.19%
Broadcasting - 0.19%
Liberty Media
3.50% due 01/15/2031		855,000		828,281
TOTAL CORPORATE BONDS (Cost $686,167)			$	828,281
SHORT TERM INVESTMENTS - 5.81%
John Hancock Cash Investment Trust	$	14,527,705	$	14,527,705
T. Rowe Price Reserve Investment Fund		10,428,081		10,428,081
TOTAL SHORT TERM INVESTMENTS
(Cost $24,955,786)			$	24,955,786

Science & Technology Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.62%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$6,944,372 on 10/01/2007,
collateralized by $1,500,000
Federal Home Loan Mortgage
Corp., 5.55% due 06/13/2009
(valued at $1,528,125, including
interest) and $5,530,000 Federal
Home Loan Bank, 4.00% due
05/21/2013 (valued at $5,557,650,
including interest)	$	6,942,000	$	6,942,000
TOTAL REPURCHASE AGREEMENTS
(Cost $6,942,000)			$	6,942,000
Total Investments (Science & Technology Trust)
(Cost $371,999,116) - 103.24%			$	443,341,400
Liabilities in Excess of Other Assets - (3.24)%				(13,923,980)
TOTAL NET ASSETS - 100.00%			$	429,417,420
Short-Term Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 4.45%
U.S. Treasury Notes - 4.45%
4.125% due 08/31/2012	$	1,890,000	$	1,881,436
4.50% due 04/30/2012		575,000		582,053
4.625% due 07/31/2009		1,150,000		1,163,206
4.25% due 10/31/2007		1,700,000		1,700,530
4.75% due 02/15/2010		6,700,000		6,814,108
				12,141,333
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $12,047,607)			$	12,141,333
U.S. GOVERNMENT AGENCY OBLIGATIONS - 17.88%
Federal Home Loan Mortgage Corp. - 5.62%
5.25% due 07/18/2011		8,500,000		8,711,718
5.796% due 11/01/2033 (b)		457,969		461,901
5.882% due 03/01/2037 (b)		3,867,368		3,886,692
6.50% due 12/01/2009		117,878		118,960
7.00% due 12/01/2010 to 02/01/2014		1,179,050		1,213,890
7.50% due 11/01/2009 to 06/01/2012		238,338		244,248
8.00% due 06/01/2010		53,389		55,242
8.50% due 05/01/2015		594,003		641,201
				15,333,852
Federal National Mortgage
Association - 12.02%
4.25% due 08/15/2010		10,000,000		9,949,480
6.00% due 05/15/2008 to 01/01/2017		16,462,428		16,591,236
6.50% due 04/01/2017 to 08/01/2017		2,769,689		2,838,333
7.00% due 12/01/2010 to 07/01/2034		1,525,777		1,578,857
7.00% due 01/01/2033 (b)		77,777		78,898

The accompanying notes are an integral part of the financial statements. 

293

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
7.103% due 09/01/2033 (b)	$	638,799	$	645,106
7.50% due 08/01/2009 to 07/01/2034		674,686		698,543
8.00% due 07/01/2014		357,028		375,379
				32,755,832
Government National Mortgage
Association - 0.24%
7.00% due 12/15/2008		72,543		72,997
8.00% due 12/15/2025		253,405		264,694
8.50% due 11/15/2015		285,393		303,850
				641,541
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $48,778,309)			$	48,731,225
CORPORATE BONDS - 30.10%
Amusement & Theme Parks - 0.73%
Walt Disney Co, Series MTN
5.8238% due 09/10/2009 (b)		2,000,000		1,992,838
Banking - 1.61%
BAC Capital Trust XIII
6.0944% due 12/31/2049 (b)		2,000,000		1,865,690
Bank of America Corp.
5.375% due 09/11/2012		345,000		346,865
Glitnir Banki HF
6.375% due 09/25/2012		630,000		631,478
USB Capital IX
6.189% due 04/15/2042 (b)		1,000,000		1,000,664
Wachovia Capital Trust III
5.80% due 03/15/2042 (b)		545,000		541,344
				4,386,041
Broadcasting - 1.11%
Univision Communications, Inc.
3.50% due 10/15/2007		2,000,000		1,985,000
Viacom, Inc.
6.625% due 05/15/2011		1,000,000		1,037,571
				3,022,571
Building Materials & Construction - 1.06%
DR Horton, Inc.
7.50% due 12/01/2007		1,400,000		1,398,375
Ryland Group Inc
5.375% due 06/01/2008		1,500,000		1,480,776
				2,879,151
Cable & Television - 2.03%
Cox Communications, Inc.
6.2531% due 12/14/2007 (b)		1,000,000		1,000,880
Time Warner, Inc.
5.73% due 11/13/2009 (b)		2,500,000		2,470,618
6.75% due 04/15/2011		1,000,000		1,039,392
Viacom, Inc.
5.75% due 04/30/2011		1,000,000		1,009,674
				5,520,564

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities - 1.33%
CenterPoint Energy, Inc., Series B
5.875% due 06/01/2008	$	1,150,000	$	1,148,899
Dominion Resources, Inc.
4.75% due 12/15/2010		1,000,000		985,719
Dominion Resources, Inc., Series B
5.554% due 11/14/2008 (b)		1,500,000		1,500,873
				3,635,491
Electronics - 0.37%
Tyco Electronics Group SA
6.00% due 10/01/2012		1,000,000		1,012,142
Energy - 0.73%
Enterprise Products Operating LP, Series B
4.00% due 10/15/2007		2,000,000		1,998,968
Financial Services - 5.99%
Bear Stearns Co, Inc., Series MTN
5.9937% due 09/09/2009 (b)		2,000,000		1,968,042
Capital One Financial Corp., Series MTN
5.70% due 09/15/2011		950,000		951,577
CIT Group, Inc.
5.6495% due 11/03/2010 (b)		1,500,000		1,419,669
Goldman Sachs Capital II
5.793% due 12/29/2049 (b)		1,500,000		1,419,374
Janus Capital Group, Inc.
5.875% due 09/15/2011		1,000,000		996,437
Kaupthing Bank HF
6.06% due 01/15/2010 (b)		1,000,000		995,777
Lehman Brothers Holdings, Inc., Series MTN
5.63% due 11/16/2009 (b)		2,000,000		1,951,512
5.75% due 04/25/2011		1,000,000		1,003,421
Merrill Lynch & Co, Inc., Series MTN
5.89% due 08/14/2009 (b)		2,000,000		1,978,500
NiSource Finance Corp.
7.875% due 11/15/2010		1,000,000		1,070,382
SLM Corp.
4.50% due 07/26/2010		335,000		313,603
Vita Capital III, Ltd., Series B-I
6.46% due 01/01/2011 (b)		850,000		844,220
ZFS Finance USA Trust IV
5.875% due 05/09/2032		1,500,000		1,427,700
				16,340,214
Forest Products - 0.37%
Weyerhaeuser Co.
6.21% due 09/24/2009 (b)		1,000,000		999,936
Gas & Pipeline Utilities - 1.79%
Kinder Morgan Energy Partners LP
5.85% due 09/15/2012		1,850,000		1,865,590
ONEOK Partners LP
5.90% due 04/01/2012		1,500,000		1,517,835
Rockies Express Pipeline, LLC.
6.4375% due 08/20/2009 (b)		1,500,000		1,498,837
				4,882,262
Healthcare Services - 0.33%
WellPoint, Inc.
3.75% due 12/14/2007		895,000		891,744

The accompanying notes are an integral part of the financial statements. 

294

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Homebuilders - 0.15%
Centex Corp.
4.75% due 01/15/2008	$	400,000	$	396,584
Insurance - 3.82%
CNA Financial Corp.
6.00% due 08/15/2011		1,500,000		1,516,401
6.60% due 12/15/2008		1,400,000		1,415,674
Hartford Financial Services Group, Inc.
5.55% due 08/16/2008		1,250,000		1,252,910
6.375% due 11/01/2008		1,000,000		1,013,288
ING Security Life Institutional Funding
4.25% due 01/15/2010		895,000		886,973
RenaissanceRe Holdings, Ltd.
7.00% due 07/15/2008		1,500,000		1,524,807
W.R. Berkley Corp.
5.125% due 09/30/2010		1,300,000		1,311,465
Xstrata Finance Dubai Ltd.
5.723% due 11/13/2009		1,500,000		1,491,795
				10,413,313
Leisure Time - 0.36%
MGM MIRAGE
6.00% due 10/01/2009		1,000,000		992,500
Petroleum Services - 0.36%
Anadarko Petroleum Corp.
3.25% due 05/01/2008		1,000,000		986,976
Publishing - 0.33%
Dow Jones & Company, Inc.
3.875% due 02/15/2008		890,000		885,312
Real Estate - 4.61%
Colonial Realty, LP
4.75% due 02/01/2010		1,500,000		1,478,310
Duke Realty, LP
3.35% due 01/15/2008		1,625,000		1,617,607
iStar Financial, Inc., REIT
6.2444% due 03/16/2009 (b)		2,000,000		1,908,408
Lennar Corp.
7.625% due 03/01/2009		500,000		514,817
Rouse Company, REIT
3.625% due 03/15/2009		900,000		861,523
Simon Property Group, LP, REIT
3.75% due 01/30/2009		2,256,000		2,207,347
United Dominion Realty Trust, Inc., Series MTNE
4.50% due 03/03/2008		1,000,000		996,815
Vornado Realty, LP
5.60% due 02/15/2011		1,000,000		999,064
Westfield Group
5.40% due 10/01/2012		2,000,000		1,977,044
				12,560,935
Retail - 0.37%
CVS Caremark Corp.
5.66% due 06/01/2010 (b)		1,000,000		996,570
Retail Trade - 0.36%
Home Depot, Inc.
5.49% due 12/16/2009 (b)		1,000,000		986,997

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services - 0.39%
Deutsche Telekom International Finance BV
8.00% due 06/15/2010	$	1,000,000	$	1,071,181
Telephone - 1.16%
BellSouth Corp.
4.20% due 09/15/2009		1,200,000		1,181,690
Sprint Capital Corp.
6.375% due 05/01/2009		1,000,000		1,015,560
Telecom Italia Capital SA
4.00% due 01/15/2010		1,000,000		973,617
				3,170,867
Transportation - 0.74%
FedEx Corp.
5.50% due 08/15/2009		2,000,000		2,022,366
TOTAL CORPORATE BONDS (Cost $82,150,384)			$	82,045,523
COLLATERALIZED MORTGAGE
OBLIGATIONS - 37.63%
Banc of America Commercial Mortgage, Inc.,
Series 2004-4, Class XP
0.8537% IO due 07/10/2042 (b)		61,238,284		1,161,133
Banc of America Funding Corp.,
Series 2005-H, Class 1A1
4.9924% due 11/20/2035 (b)		2,193,054		2,182,190
Banc of America Large Loan,
Series 2005-MIB1, Class B
6.0125% due 03/15/2022 (b)		850,000		845,913
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2006-4, Class 2A1
5.809% due 10/25/2036 (b)		5,128,910		5,160,856
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR3, Class A1
3.236% due 02/11/2041		561,588		552,258
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-PW10, Class X2
0.059% IO due 12/11/2040 (b)		408,931,881		1,535,703
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-T24, Class A2
5.478% due 10/12/2041		5,000,000		5,040,611
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW13, Class X2
0.447% IO due 09/11/2041 (b)		95,714,183		2,047,470
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-BBA7, Class G
6.1925% due 03/15/2019 (b)		1,000,000		989,922
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW12, Class A1
5.546% due 09/11/2038 (b)		1,716,528		1,731,646
Citigroup Mortgage Loan Trust, Inc.,
Series 2006-AR1, Class 1A1
4.90% due 10/25/2035 (b)		799,694		794,302
Commercial Mortgage Pass Through Certificates,
Series 2005-LP5, Class XP
.36781% IO due 05/10/2043 (b)		71,865,507		785,914

The accompanying notes are an integral part of the financial statements. 

295

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial Mortgage Pass Through Certificates,
Series 2004-LB2A, Class X2
1.1126% IO due 03/10/2039 (b)	$	35,175,007	$	794,428
Commercial Mortgage Pass Through Certificates,
Series 2005-FL11, Class AJ
5.9525% due 11/15/2017 (b)		565,000		562,489
Commercial Mortgage Pass Through Certificates,
Series 2006-CN2A, Class AJFX
5.478% due 02/05/2019		2,700,000		2,728,129
Commercial Mortgage Pass Through Certificates,
Series 2006-FL12, Class B
5.49% due 12/15/2020 (b)		1,738,674		1,720,065
Countrywide Alternative Loan Trust,
Series 2003-3T1, Class A2
4.50% due 05/25/2033		578,379		573,776
Countrywide Home Loans,
Series 2005-HYB5, Class 1A2
4.87% due 09/20/2035 (b)		1,521,223		1,510,420
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class ASP
0.7891% IO due 09/15/2039 (b)		117,030,956		3,359,409
Credit Suisse Mortgage Capital Certificates,
Series 2006-TF2A, Class SVA2
5.62% due 10/15/2021 (b)		2,000,000		1,993,128
Credit Suisse Mortgage Capital Certificates,
Series 2006-TFLA, Class B
5.9825% due 04/15/2021 (b)		675,000		673,093
Credit Suisse/Morgan Stanley Commercial
Mortgage Certificate, Series 2006-HC1A, Class A2
5.35125% due 05/15/2023 (b)(c)		1,000,000		989,476
Crown Castle Towers LLC, Series 2006-1A, Class C
5.469% due 11/15/2036		1,500,000		1,489,275
CS First Boston Mortgage Securities Corp.,
Series 2003-C3, Class A1
2.079% due 05/15/2038		575,097		569,798
Federal Home Loan Mortgage Corp.,
Series 2516, Class AX
8.50% due 01/15/2016		497,565		513,233
Federal Home Loan Mortgage Corp.,
Series 2589, Class GK
4.00% due 03/15/2026		1,421,296		1,411,312
Federal National Mortgage Association,
Series 2001-53, Class GH
8.00% due 09/25/2016		232,653		246,939
First Horizon Alternative Mortgage Securities,
Series 2004-AA2, Class 2A1
5.0275% due 08/25/2034 (b)		1,610,149		1,602,297
GE Capital Commercial Mortgage Corp,
Series 2002-2A, Class A2
4.97% due 08/11/2036		1,576,141		1,577,441
Global Signal Trust, Series 2006-1, Class C
5.707% due 02/15/2036		670,000		663,414
Global Tower Partners Acquisition Partners LLC,
Series 2007-1A, Class AFX
5.3928% due 05/15/2037		2,000,000		1,977,940

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Greenpoint Mortgage Funding Trust, Series
2006-AR2, Class 4A1
7.029% due 03/25/2036 (b)	$	1,511,355	$	1,514,181
Harborview Mortgage Loan Trust,
Series 2004-7, Class 2A3
6.744% due 11/19/2034 (b)		490,856		496,643
Harborview Mortgage Loan
Trust, Series 2005-4, Class 1A
5.0659% due 07/19/2035 (b)		874,338		876,935
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2006-CB16, Class X2
0.7032% IO due 05/12/2045 (b)		107,026,056		2,420,073
JP Morgan Mortgage Trust,
Series 2007-A1, Class 3A2
5.012% due 07/25/2035 (b)		6,371,142		6,299,600
LB-UBS Commercial Mortgage Trust,
Series 2003-C1, Class A1
2.72% due 03/15/2027		939,965		932,612
LB-UBS Commercial Mortgage Trust,
Series 2005-C5, Class XCP
0.5383% IO due 09/15/2040 (b)		36,447,495		556,878
LB-UBS Commercial Mortgage Trust,
Series 2006-C6, Class XCP
0.6467% IO due 09/15/2039 (b)		84,803,000		2,581,539
Lehman Brothers Floating Rate Commercial
Mortgage Trust, Series 2004-LLFA, Class A2
5.9225% due 10/15/2017 (b)		465,889		465,903
Lehman Brothers Floating Rate Commercial
Mortgage Trust, Series 2005-LLFA, Class E
6.0325% due 07/15/2018 (b)		1,270,000		1,267,124
Lehman XS Trust, Series  2007-10H, Class 2A2
7.50% due 07/25/2037		2,654,908		2,731,219
Lehman XS Trust, Series  2007-5H, Class 3A4
6.45% due 05/25/2037		2,313,456		2,316,126
Mastr Adjustable Rate Mortgages Trust,
Series 2005-2, Class 2A1
5.0907% due 03/25/2035 (b)		1,298,825		1,318,369
Merrill Lynch Mortgage Investors Inc,
Series 2003-A1, Class 1A
6.9369% due 12/25/2032 (b)		56,558		57,010
Merrill Lynch Mortgage Trust,
Series 2005-CKI1, Class A1
5.077% due 11/12/2037		2,436,336		2,437,040
Merrill Lynch Mortgage Trust,
Series 2006-C1, Class A1
5.528% due 05/12/2039 (b)		1,200,448		1,209,019
MLCC Mortgage Investors, Inc.,
Series 2003-C, Class B1
5.7813% due 06/25/2028 (b)		772,830		749,927
Morgan Stanley Capital I,
Series 2005-HQ6, Class X2
0.5307% IO due 08/13/2042 (b)(c)		35,090,742		625,457
Morgan Stanley Capital I,
Series 2007-SRR3, Class A
5.84% due 12/20/2049 (b)(c)		1,000,000		885,750

The accompanying notes are an integral part of the financial statements. 

296

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Morgan Stanley Capital I,
Series 2007-SRR3, Class B
5.94% due 12/20/2049 (b)(c)	$	1,000,000	$	846,230
Multi Security Asset Trust,
Series 2005-RR4A, Class A1
4.38% due 11/28/2035		2,480,305		2,439,482
Prudential Securities Secured Financing Corp,
Series 1998-C1, Class A1B
6.506% due 07/15/2008		1,189,133		1,188,953
Salomon Brothers Mortgage Securities VII, Series
2002-KEY2, Class A2
4.467% due 03/18/2036		1,700,518		1,675,640
SBA CMBS Trust, Series 2006-1A, Class A
5.314% due 11/15/2036		2,000,000		1,995,761
Sequoia Mortgage Trust, Series 2004-4, Class A
5.6206% due 05/20/2034 (b)		488,380		480,132
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-14, Class 1A
6.083% due 10/25/2034 (b)		1,353,288		1,368,894
Trapeza CDO LLC Series 2007-12A, Class B
5.9116% due 04/06/2042 (b)		1,500,000		1,328,250
WaMu Commercial Mortgage Securities Trust,
Series 2006-SL1, Class A
5.4207% due 11/23/2043		984,580		973,434
WAMu Mortgage Pass-Through Certificates,
Series 2005-AR12, Class 1A8
4.8347% due 10/25/2035 (b)		867,714		856,315
Wells Fargo Mortgage Backed Securities Trust,
Series 2003-2, Class A6
5.25% due 02/25/2018		2,818,465		2,804,246
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR16, Class 2A1
4.94208% due 10/25/2035 (b)		908,602		910,557
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR16, Class 4A1
4.9914% due 10/25/2035 (b)		4,686,591		4,655,710
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR17, Class A1
5.3394% due 10/25/2036 (b)		3,544,584		3,532,255
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $103,380,370)			$	102,581,244
ASSET BACKED SECURITIES - 7.42%
Alesco Preferred Funding, Ltd., Series 12A, Class B
5.96% due 07/15/2037 (b)		310,000		295,585
Alesco Preferred Funding, Ltd., Series 14A, Class B
5.86% due 09/23/2037 (b)		1,310,000		1,231,400
Alesco Preferred Funding, Ltd.,
Series 15A, Class B1
5.89% due 12/23/2037 (b)		315,000		299,382
Anthracite, Ltd., Series 2002-2A, Class B
5.488% due 12/24/2037 (b)		1,000,000		952,510
Anthracite, Ltd., Series 2002-CIBA, Class A
5.95% due 05/24/2017 (b)		943,655		928,321
Arbor Realty Mortgage Securities, Series
2006-1A, Class C
5.96% due 01/26/2042 (b)		365,000		326,073

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Arbor Realty Mortgage Securities, Series
2006-1A, Class F
6.41% due 01/26/2042 (b)	$	610,000	$	508,819
Capital Trust Re CDO, Ltd., Series 2005-1A, Class B
5.9663% due 03/20/2050 (b)		3,000,000		2,746,950
Cedarwoods Credit CDO Ltd.,
Series 2007-2A, Class B
5.89% due 02/25/2052 (b)		1,000,000		903,100
Countrywide Asset-Backed Certificates,
Series 2005-1, Class 1AV2
5.3313% due 07/25/2035 (b)		376,828		375,124
Crest Ltd., Series 2002-IGA, Class A
5.4606% due 07/28/2017 (b)		429,803		426,072
Crystal River Resecuritization, Series 2006-1
5.82% due 09/22/2047		2,100,000		1,822,406
Equity One ABS, Inc., Series 2004-2, Class AV2
5.3813% due 07/25/2034 (b)		42,960		40,461
Green Tree Financial Corp., Series 1996-8, Class A6
7.60% due 10/15/2027		122,893		127,707
Highland Park CDO, Ltd., Series 2006-1A, Class A2
5.905% due 11/25/2051 (b)		2,300,000		2,245,541
Home Equity Mortgage Trust,
Series 2005-3, Class A1
5.3713% due 11/25/2035 (b)		36,260		36,162
Long Beach Mortgage Loan Trust,
Series 2004-1, Class M3
5.8313% due 02/25/2034 (b)		4,000,000		3,794,442
Mesa West Capital CDO, Ltd.,
Series 2007-1A, Class A1
5.39% due 02/25/2047 (b)		435,000		420,522
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class E
6.47% due 02/01/2041 (b)		475,000		419,644
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class G
6.67% due 02/01/2041 (b)		475,000		405,560
Ownit Mortgage Loan, Series 2006-1, Class AF2
5.29% due 12/25/2036		900,000		865,219
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF2
5.533% due 05/25/2036 (b)		354,996		353,224
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF3
5.608% due 05/25/2036 (b)		500,000		496,299
SACO I, Inc., Series 2006-8, Class AIO
5.50% IO due 06/25/2036 (b)		10,983,290		213,998
TOTAL ASSET BACKED SECURITIES
(Cost $21,446,349)			$	20,234,521

The accompanying notes are an integral part of the financial statements. 

297

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 2.76%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$7,536,574 on 10/01/2007,
collateralized by $2,970,000
Federal Home Loan Bank, 4.00%
due 05/21/2013 (valued at
$2,984,850, including interest) and
$4,650,000 Federal National
Mortgage Association, 5.625% due
09/04/2012 (valued at $4,702,313,
including interest)	$	7,534,000	$	7,534,000
TOTAL REPURCHASE AGREEMENTS
(Cost $7,534,000)			$	7,534,000
Total Investments (Short-Term Bond Trust)
(Cost $275,337,019) - 100.24%			$	273,267,846
Liabilities in Excess of Other Assets - (0.24)%				(643,678)
TOTAL NET ASSETS - 100.00%			$	272,624,168
Small Cap Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.16%
Advertising - 2.54%
Focus Media Holding, Ltd., ADR *		137,400	$	7,971,948
Aerospace - 4.76%
Teledyne Technologies, Inc. *		86,574		4,622,186
TransDigm Group, Inc. *		111,690		5,105,350
Triumph Group, Inc. (a)		63,620		5,198,390
				14,925,926
Agriculture - 1.51%
Agrium, Inc.		86,950		4,728,341
Apparel & Textiles - 1.25%
Crocs, Inc. * (a)		45,410		3,053,823
Under Armour, Inc., Class A * (a)		14,420		862,604
				3,916,427
Auto Parts - 1.37%
LKQ Corp. *		123,710		4,306,345
Biotechnology - 2.12%
Arena Pharmaceuticals, Inc. * (a)		105,410		1,154,239
Charles River Laboratories International, Inc. *		97,840		5,493,716
				6,647,955
Business Services - 2.70%
FactSet Research Systems, Inc.		46,350		3,177,293
FTI Consulting, Inc. *		14,630		736,035
Kenexa Corp. *		97,420		2,998,588
TeleTech Holdings, Inc. *		64,830		1,550,085
				8,462,001

Small Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cable & Television - 1.37%
Central European Media Enterprises, Ltd.,
Class A *	11,390	$	1,044,577
Net Servicos de Comunicacao SA, PR ADR * (a)	195,530		3,241,887
			4,286,464
Cellular Communications - 0.86%
Cellcom Israel, Ltd.	110,690		2,691,981
Chemicals - 2.78%
FMC Corp.	27,464		1,428,677
Hercules, Inc.	171,570		3,606,402
Terra Industries, Inc. *	118,220		3,695,557
			8,730,636
Coal - 0.71%
Arch Coal, Inc.	66,360		2,238,986
Commercial Services - 2.63%
AerCap Holdings NV *	171,750		4,274,857
Live Nation, Inc. *	186,210		3,956,963
			8,231,820
Computers & Business Equipment - 2.68%
Diebold, Inc.	36,677		1,665,869
Foundry Networks, Inc. *	81,210		1,443,102
IHS, Inc., Class A *	64,910		3,666,766
Smart Modular Technologies (WWH), Inc. *	226,560		1,619,904
			8,395,641
Containers & Glass - 2.42%
Greif, Inc., Class A	47,860		2,904,145
Owens-Illinois, Inc. *	112,800		4,675,560
			7,579,705
Crude Petroleum & Natural Gas - 2.02%
Cabot Oil & Gas Corp.	89,860		3,159,478
Forest Oil Corp. * (a)	73,480		3,162,579
			6,322,057
Domestic Oil - 1.38%
Denbury Resources, Inc. *	97,010		4,335,377
Electrical Equipment - 2.18%
FLIR Systems, Inc. *	82,480		4,568,567
Genlyte Group, Inc. *	35,010		2,249,743
			6,818,310
Electronics - 0.69%
Mentor Graphics Corp. *	143,190		2,162,169
Energy - 0.96%
Trina Solar, Ltd., ADR * (a)	53,010		3,019,980
Financial Services - 4.05%
Dollar Financial Corp. *	122,770		3,502,628
Interactive Data Corp.	144,060		4,062,492
MF Global, Ltd. *	84,690		2,456,010
Portfolio Recovery Associates, Inc. * (a)	50,420		2,675,789
			12,696,919
Healthcare Products - 5.69%
AngioDynamics, Inc. * (a)	138,070		2,602,619

The accompanying notes are an integral part of the financial statements. 

298

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Cytyc Corp. *	114,510	$	5,456,401
Hologic, Inc. * (a)	63,390		3,866,790
Mindray Medical International, Ltd., ADR	66,540		2,857,893
The Medicines Company *	81,560		1,452,584
Volcano, Corp. *	97,870		1,608,983
			17,845,270
Healthcare Services - 2.42%
Emergency Medical Services Corp., Class A *	69,680		2,107,820
Healthsouth Corp. * (a)	83,280		1,458,233
ICON PLC, ADR *	78,980		4,030,349
			7,596,402
Hotels & Restaurants - 1.05%
Red Robin Gourmet Burgers, Inc. * (a)	76,520		3,282,708
Household Products - 0.71%
Jarden Corp. *	72,400		2,240,056
Industrial Machinery - 2.81%
Flowserve Corp.	77,230		5,883,381
Kennametal, Inc.	34,810		2,923,344
			8,806,725
Insurance - 3.06%
Allied World Assurance Holdings, Ltd.	93,790		4,868,639
ProAssurance Corp. *	87,960		4,738,405
			9,607,044
Internet Retail - 0.91%
Priceline.com, Inc. * (a)	32,100		2,848,875
Internet Service Provider - 1.78%
Equinix, Inc. *	62,800		5,569,732
Manufacturing - 0.94%
Acuity Brands, Inc.	58,340		2,945,003
Mining - 1.08%
Cleveland-Cliffs, Inc.	38,400		3,378,048
Mutual Funds - 1.97%
iShares Russell 2000 Growth Index Fund (a)	72,370		6,161,582
Petroleum Services - 1.26%
Complete Production Services, Inc. *	193,140		3,955,507
Pharmaceuticals - 2.31%
Alkermes, Inc. *	108,740		2,000,816
Amylin Pharmaceuticals, Inc. * (a)	42,310		2,115,500
Vertex Pharmaceuticals, Inc. *	39,120		1,502,599
Warner Chilcott, Ltd., Class A *	91,310		1,622,579
			7,241,494
Publishing - 1.37%
Dolan Media Company *	73,020		1,774,386
VistaPrint, Ltd. *	67,450		2,520,607
			4,294,993
Retail Trade - 8.32%
BJ's Wholesale Club, Inc. *	86,800		2,878,288
Citi Trends, Inc. * (a)	40,330		877,581

Small Cap Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Dick's Sporting Goods, Inc. *		101,530	$	6,817,739
Dollar Tree Stores, Inc. *		117,350		4,757,369
Fossil, Inc. *		163,730		6,116,953
GameStop Corp., Class A *		82,290		4,637,042
				26,084,972
Sanitary Services - 2.40%
Stericycle, Inc. *		62,590		3,577,644
Waste Connections, Inc. *		124,405		3,951,103
				7,528,747
Semiconductors - 4.68%
Advanced Analogic Technologies, Inc. *		272,620		2,900,677
Emulex Corp. *		192,300		3,686,391
O2Micro International, Ltd., ADR *		174,430		2,698,432
Semtech Corp. *		144,540		2,960,179
Varian Semiconductor Equipment
Associates, Inc. *		45,165		2,417,231
				14,662,910
Software - 6.75%
ANSYS, Inc. *		155,520		5,314,118
Concur Technologies, Inc. *		42,090		1,326,677
FARO Technologies, Inc. *		30,850		1,362,028
Nuance Communications, Inc. *		58,540		1,130,407
Red Hat, Inc. *		147,860		2,937,978
THQ, Inc. *		49,609		1,239,233
TriZetto Group, Inc. *		108,030		1,891,605
VeriFone Holdings, Inc. *		101,950		4,519,444
Verint Systems, Inc. *		55,620		1,446,120
				21,167,610
Telecommunications Equipment &
Services - 0.92%
NICE Systems, Ltd., ADR *		80,856		2,897,879
Toys, Amusements & Sporting Goods - 0.80%
Marvel Entertainment, Inc. * (a)		106,680		2,500,579
Transportation - 1.91%
Aircastle, Ltd.		64,810		2,165,950
Navios Maritime Holdings, Inc.		291,790		3,834,121
				6,000,071
Travel Services - 2.04%
Ctrip.com International, Ltd., ADR		78,690		4,076,142
Orbitz Worldwide, Inc. * (a)		204,570		2,309,595
				6,385,737
TOTAL COMMON STOCKS (Cost $252,541,574)			$	301,470,932
SHORT TERM INVESTMENTS - 12.11%
John Hancock Cash Investment Trust (c)	$	37,945,942	$	37,945,942
TOTAL SHORT TERM INVESTMENTS
(Cost $37,945,942)			$	37,945,942

The accompanying notes are an integral part of the financial statements. 

299

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 3.18%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$9,974,407 on 10/01/2007,
collateralized by $10,060,000
Federal National Mortgage
Association, 5.625% due
09/04/2012 (valued at
$10,173,175, including interest)	$	9,971,000	$	9,971,000
TOTAL REPURCHASE AGREEMENTS
(Cost $9,971,000)			$	9,971,000
Total Investments (Small Cap Growth Trust)
(Cost $300,458,516) - 111.45%			$	349,387,874
Liabilities in Excess of Other Assets - (11.45)%				(35,887,738)
TOTAL NET ASSETS - 100.00%			$	313,500,136
Small Cap Index Trust
		Shares or
		Principal
		Amount		Value
CLOSED-END FUNDS - 0.02%
Investment Companies - 0.02%
Kayne Anderson Energy Development Fund (a)		3,489	$	88,900
TOTAL CLOSED-END FUNDS (Cost $88,468)			$	88,900
COMMON STOCKS - 97.61%
Advertising - 0.30%
Greenfield Online, Inc. *		7,127		108,687
inVentiv Health, Inc. *		9,780		428,560
Marchex, Inc., Class B		8,824		83,916
ValueClick, Inc. *		30,931		694,710
				1,315,873
Aerospace - 1.31%
AAR Corp. *		11,545		350,275
Argon ST, Inc. *		4,449		88,090
Curtiss-Wright Corp.		13,730		652,175
EDO Corp. (a)		5,522		309,287
Esterline Technologies Corp. *		7,954		453,776
GenCorp, Inc. *		18,621		222,707
HEICO Corp. (a)		8,118		400,704
Innovative Solutions & Support, Inc. * (a)		4,132		78,384
Integral Systems, Inc. (a)		4,108		88,281
Moog, Inc., Class A *		11,771		517,218
MTC Technologies, Inc. *		3,273		63,202
Orbital Sciences Corp., Class A *		18,472		410,817
Sequa Corp., Class A *		2,255		373,834
Teledyne Technologies, Inc. *		10,856		579,602
TransDigm Group, Inc. *		2,925		133,702
Triumph Group, Inc.		5,067		414,025
Woodward Governor Company		9,340		582,816
				5,718,895

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Agriculture - 0.16%
Andersons, Inc. (a)	4,771	$	229,103
Cadiz, Inc. * (a)	4,225		79,853
Fresh Del Monte Produce, Inc. * (a)	8,879		255,271
Tejon Ranch Company *	3,692		152,849
			717,076
Air Freight - 0.04%
ABX Air, Inc. *	19,233		136,170
ExpressJet Holdings, Inc. *	18,522		57,233
			193,403
Air Travel - 0.48%
Airtran Holdings, Inc. * (a)	28,484		280,283
Alaska Air Group, Inc. *	13,021		300,655
JetBlue Airways Corp. *	55,214		509,073
Midwest Air Group, Inc. *	7,956		130,876
Pinnacle Airline Corp. *	6,510		104,290
Republic Airways Holdings, Inc. *	11,513		243,730
SkyWest, Inc.	20,075		505,288
			2,074,195
Aluminum - 0.14%
Century Aluminum Company *	7,259		382,187
Superior Essex, Inc. *	6,476		241,425
			623,612
Amusement & Theme Parks - 0.03%
Great Wolf Resorts, Inc. *	10,288		127,160
Apparel & Textiles - 1.79%
Bebe Stores, Inc. (a)	7,950		116,309
Brown Shoe, Inc.	13,708		265,935
Carter's, Inc. *	18,159		362,272
Cherokee, Inc. (a)	2,818		108,098
Columbia Sportswear Company (a)	4,413		244,083
Deckers Outdoor Corp. *	3,996		438,761
G & K Services, Class A	6,809		273,722
G-III Apparel Group, Ltd. *	4,462		87,857
Heelys, Inc. *	2,079		16,570
Iconix Brand Group, Inc. * (a)	15,839		376,810
Interface, Inc., Class A	17,084		308,366
Jos. A. Bank Clothiers, Inc. * (a)	5,660		189,157
Kellwood Company (a)	8,257		140,782
K-Swiss, Inc., Class A	8,239		188,756
Lululemon Athletica, Inc. *	5,688		239,067
Maidenform Brands, Inc. *	7,359		116,861
Movado Group, Inc.	5,425		173,166
Oakley, Inc.	7,675		222,805
Oxford Industries, Inc.	4,908		177,277
Perry Ellis International, Inc. *	4,044		112,059
Quiksilver, Inc. *	38,611		552,137
Skechers United States of America, Inc.,
Class A *	6,335		140,004
Stage Stores, Inc.	13,558		247,162
Steven Madden, Ltd. *	6,631		125,657

The accompanying notes are an integral part of the financial statements. 

300

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Apparel & Textiles (continued)
The Gymboree Corp. *	10,196	$	359,307
The Warnaco Group, Inc. *	14,457		564,835
Timberland Company, Class A *	14,694		278,598
True Religion Apparel, Inc. * (a)	4,614		81,206
Under Armour, Inc., Class A * (a)	7,682		459,537
Unifirst Corp.	4,536		169,919
Volcom, Inc. * (a)	4,488		190,830
Wolverine World Wide, Inc.	17,003		465,882
			7,793,787
Auto Parts - 1.17%
Accuride Corp. *	7,564		91,600
Aftermarket Technology Corp. *	6,897		218,911
American Axle & Manufacturing Holdings, Inc.	13,776		347,844
Amerigon, Inc. *	7,031		121,707
ArvinMeritor, Inc.	22,012		370,242
Commercial Vehicle Group, Inc. *	7,312		93,813
CSK Auto Corp. *	13,887		147,897
Exide Technologies * (a)	19,297		125,430
Federal Signal Corp.	14,998		230,369
Hayes Lemmerz International, Inc. *	30,310		126,090
Keystone Automotive Industries, Inc. *	5,151		246,012
Lear Corp. *	23,709		761,059
LKQ Corp. *	14,124		491,656
Miller Industries, Inc. *	3,582		61,324
Modine Manufacturing Company	10,271		273,414
Noble International, Ltd.	4,301		91,568
Pep Boys - Manny, Moe & Jack (a)	13,070		183,372
Standard Motor Products, Inc.	5,356		50,346
Superior Industries International, Inc. (a)	7,132		154,693
Tenneco, Inc. *	14,398		446,482
Titan International, Inc.	7,458		238,059
Visteon Corp. *	40,353		207,818
			5,079,706
Auto Services - 0.16%
Dollar Thrifty Automotive Group, Inc. *	7,419		257,365
Lithia Motors, Inc., Class A	5,043		86,034
Midas, Inc. *	5,030		94,916
Monro Muffler Brake, Inc.	4,180		141,242
RSC Holdings, Inc. *	6,289		103,140
			682,697
Automobiles - 0.17%
Asbury Automotive Group, Inc.	7,909		156,677
Group 1 Automotive, Inc.	7,575		254,293
Monaco Coach Corp.	9,330		130,900
Rush Enterprises, Inc., Class A *	7,175		181,886
			723,756
Banking - 7.15%
1st Source Corp. (a)	4,396		100,668
Alabama National BanCorp.	5,553		432,690
AMCORE Financial, Inc.	7,488		186,601
Americanwest BanCorp	6,597		129,367

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Ameris Bancorp	5,444	$	98,428
Anchor BanCorp Wisconsin, Inc. (a)	7,323		197,721
Banco Latinoamericano de Exportaciones,
S.A.	8,844		160,784
Bancorp, Inc. *	3,954		72,991
Bank Mutual Corp. (a)	18,678		220,214
Bank of the Ozarks, Inc. (a)	4,487		136,988
BankAtlantic Bancorp, Inc., Class A	14,421		125,030
BankFinancial Corp.	9,328		147,569
BankUnited Financial Corp., Class A (a)	10,213		158,710
Banner Corp.	4,559		156,784
Boston Private Financial Holdings, Inc. (a)	11,922		331,908
Brookline Bancorp, Inc.	20,901		242,243
Capital City Bank Group, Inc. (a)	4,625		144,300
Capital Corp of the West	3,693		68,025
Capitol Bancorp, Ltd. (a)	4,567		113,399
Cascade Bancorp (a)	7,400		164,724
Cathay General Bancorp, Inc. (a)	16,019		515,972
Centennial Bank Holdings, Inc. *	18,274		116,954
Central Pacific Financial Corp. (a)	9,855		287,766
Chemical Financial Corp.	8,169		198,098
Chittenden Corp.	14,622		514,110
Citizens Banking Corp.	23,641		380,857
City Bank, Lynnwood, WA (a)	4,956		142,336
CoBiz, Inc. (a)	6,981		119,515
Columbia Banking System, Inc.	5,612		178,574
Community Bancorp - NV *	3,872		97,342
Community Bank Systems, Inc.	10,116		197,464
Community Banks, Inc.	7,886		234,924
Community Trust Bancorp, Inc.	5,299		159,182
Corus Bankshares, Inc. (a)	12,295		160,081
CVB Financial Corp. (a)	21,783		254,861
Dime Community Bancorp, Inc.	10,139		151,781
Downey Financial Corp. (a)	6,529		377,376
Enterprise Financial Services Corp. (a)	4,142		100,816
F.N.B. Corp. (a)	19,657		325,127
First BanCorp Puerto Rico (a)	26,029		247,276
First Bancorp (a)	5,010		102,104
First Charter Corp.	11,683		352,476
First Commonwealth Financial Corp. (a)	23,560		260,574
First Community Bancorp	8,099		443,096
First Community Bancshares, Inc.	3,933		142,493
First Financial BanCorp.	11,758		150,267
First Financial Bankshares, Inc. (a)	6,777		272,300
First Financial Corp. (a)	4,909		148,743
First Financial Holdings, Inc.	4,830		151,082
First Merchants Corp.	6,698		144,409
First Midwest BanCorp, Inc., Illinois	15,585		532,384
First Niagara Financial Group, Inc.	34,529		488,585
First Place Financial Corp. (a)	6,353		112,448
First State Bancorp	7,081		139,071
FirstFed Financial Corp. * (a)	5,213		258,304

The accompanying notes are an integral part of the financial statements. 

301

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
FirstMerit Corp.	25,199	$	497,932
Flagstar Bancorp, Inc. (a)	14,606		142,116
Flushing Financial Corp.	8,471		142,313
Franklin Bank Corp. *	8,668		79,746
Frontier Financial Corp. (a)	12,573		293,328
Glacier Bancorp, Inc. (a)	16,884		380,228
Great Southern Bancorp, Inc. (a)	4,548		112,972
Greater Bay Bancorp	15,922		439,447
Greene County Bancshares, Inc.	3,388		123,493
Greenhill & Company, Inc. (a)	5,900		360,195
Hancock Holding Company (a)	8,498		340,600
Hanmi Financial Corp.	12,886		199,604
Harleysville National Corp. (a)	10,137		161,077
Heartland Financial USA, Inc. (a)	5,311		109,141
Heritage Commerce Corp. (a)	4,935		104,474
Horizon Financial Corp.	5,128		103,996
IBERIABANK Corp.	3,913		206,019
Imperial Capital Bancorp, Inc.	2,185		61,726
Independent Bank Corp. - MA	5,049		149,955
Independent Bank Corp. - MI	7,729		85,405
Integra Bank Corp.	7,356		133,364
International Bancshares Corp.	16,140		350,238
KNBT Bancorp, Inc.	10,260		169,700
Macatawa Bank Corp. (a)	6,766		91,544
MainSource Financial Group, Inc. (a)	7,791		137,355
MB Financial, Inc.	11,619		401,436
Midwest Banc Holdings, Inc. (a)	6,757		99,801
Nara Bancorp, Inc.	7,663		119,696
National City Corp.	20,593		516,678
National Penn Bancshares, Inc. (a)	15,823		258,862
NetBank, Inc. *	17,160		1,167
NewAlliance Bancshares, Inc. (a)	35,408		519,789
Northwest Bancorp, Inc. (a)	6,339		180,408
Old National Bancorp	21,467		355,708
Old Second Bancorp, Inc. (a)	5,157		146,975
Omega Financial Corp. (a)	4,814		127,138
Pacific Capital Bancorp (a)	14,941		392,948
Park National Corp. (a)	3,932		342,870
Partners Trust Financial Group, Inc.	15,341		186,700
Peoples Bancorp, Inc.	4,524		118,438
PFF Bancorp, Inc.	7,778		119,315
Pinnacle Financial Partners, Inc. *	5,388		155,282
Preferred Bank, Los Angeles, CA	3,516		138,319
PrivateBancorp, Inc. (a)	5,966		207,855
Prosperity Bancshares, Inc.	11,257		373,282
Provident Bankshares Corp.	10,396		325,707
Provident Financial Services, Inc.	21,344		349,401
Provident New York Bancorp (a)	13,934		182,675
Renasant Corp. (a)	6,303		136,334
S & T Bancorp, Inc.	8,585		275,493
Sandy Spring Bancorp, Inc.	5,666		170,660
SCBT Financial Corp.	3,820		131,943

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Seacoast Banking Corp. of Florida (a)	5,664	$	105,917
Security Bank Corp. (a)	6,009		75,233
Signature Bank *	9,300		327,639
Simmons First National Corp., Class A	5,294		139,444
Southwest Bancorp, Inc.	5,432		102,230
Sterling Bancorp	7,171		100,394
Sterling Bancshares, Inc.	23,706		270,485
Sterling Financial Corp., PA	8,926		153,081
Sterling Financial Corp., Spokane	16,314		439,010
Suffolk Bancorp	3,879		124,361
Superior Bancorp * (a)	12,823		113,227
Susquehanna Bancshares, Inc. (a)	16,603		333,720
SVB Financial Group *	10,642		504,005
Texas Capital Bancshares, Inc. *	7,700		167,398
The South Financial Group, Inc.	23,062		524,430
Tierone Corp.	5,883		155,723
Trico Bancshares (a)	5,576		124,178
TrustCo Bank Corp. (a)	25,044		273,731
Trustmark Corp.	15,437		432,853
UCBH Holdings, Inc.	31,485		550,358
Umpqua Holdings Corp.	19,156		383,312
Union Bankshares Corp. (a)	5,002		113,595
United Bankshares, Inc.	11,576		352,373
United Community Banks, Inc. (a)	11,446		280,656
Univest Corp. of Pennsylvania (a)	5,020		119,074
Virginia Commerce Bancorp, Inc. * (a)	6,472		92,808
W Holding Company, Inc. (a)	37,091		83,084
Washington Trust Bancorp, Inc.	5,095		137,412
WesBanco, Inc.	7,156		178,757
West Coast Bancorp	5,524		156,937
Westamerica Bancorp (a)	9,642		480,268
Western Alliance Bancorp * (a)	5,237		123,436
Wintrust Financial Corp.	7,669		327,390
Yardville National Bancorp	3,733		125,541
			31,130,800
Biotechnology - 2.19%
Acorda Therapeutics, Inc. *	6,669		122,376
Affymetrix, Inc. * (a)	21,229		538,580
Alnylam Pharmaceuticals, Inc. *	10,092		330,715
Applera Corp. - Celera Genomics Group *	24,209		340,379
Arena Pharmaceuticals, Inc. * (a)	18,838		206,276
Arqule, Inc. *	10,615		75,685
Bio Reference Labs, Inc. *	3,816		128,828
BioMimetic Therapeutics, Inc. *	3,588		47,864
Bio-Rad Laboratories, Inc., Class A *	5,792		524,176
Cytokinetics, Inc. *	10,972		56,177
Discovery Laboratories, Inc. *	27,264		73,340
Exelixis, Inc. *	30,037		318,092
Genomic Health, Inc. *	4,307		82,651
Genvec, Inc. * (a)	21,484		50,487
Geron Corp. * (a)	22,245		162,833

The accompanying notes are an integral part of the financial statements. 

302

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Biotechnology (continued)
GTx, Inc. *	5,302	$	86,317
Human Genome Sciences, Inc. * (a)	41,519		427,231
Illumina, Inc. * (a)	16,632		862,868
Immucor, Inc. *	21,400		765,050
Integra LifeSciences Holdings Corp. * (a)	5,617		272,874
Intermune, Inc. * (a)	8,419		161,055
Keryx Biopharmaceuticals, Inc. * (a)	14,582		144,945
Kosan Biosciences, Inc. *	14,114		70,711
Martek Biosciences Corp. * (a)	10,093		293,000
Medarex, Inc. *	39,066		553,175
Medivation, Inc. *	6,756		135,458
MGI Pharma, Inc. *	24,784		688,500
Momenta Pharmaceuticals, Inc. * (a)	7,442		84,764
Myriad Genetics, Inc. *	13,271		692,083
Nabi Biopharmaceuticals * (a)	20,570		83,514
Nektar Therapeutics *	28,580		252,361
Neurocrine Biosciences, Inc. * (a)	11,943		119,430
Osiris Therapeutics, Inc. * (a)	4,155		53,516
Pharmanet Development Group, Inc. *	5,836		169,419
PRA International *	6,134		180,340
Progenics Pharmaceuticals, Inc. *	7,111		157,224
Regeneration Technologies, Inc. *	9,792		104,970
Telik, Inc. * (a)	17,587		51,178
Tercica, Inc. * (a)	11,029		68,380
			9,536,822
Broadcasting - 0.62%
Acacia Research - Acacia Technologies *	9,544		140,106
Belo Corp., Class A	26,075		452,662
Citadel Broadcasting Corp.	57,634		239,757
CKX, Inc. *	11,799		145,246
Cox Radio, Inc., Class A *	10,763		140,457
Cumulus Media, Inc., Class A * (a)	10,343		105,705
Emmis Communications Corp., Class A *	10,847		53,584
Entercom Communications Corp. (a)	10,196		197,089
Entravision Communications Corp., Class A *	21,730		200,351
Fisher Communications, Inc. *	2,346		116,995
Gray Television, Inc.	13,603		115,489
Journal Communications, Inc.	15,001		142,209
Mediacom Communications Corp., Class A *	17,470		123,164
Nexstar Broadcasting Group, Inc. *	3,690		38,708
Radio One, Inc., Class D *	24,683		92,068
Sinclair Broadcast Group, Inc., Class A (a)	16,029		192,989
Spanish Broadcasting System, Inc., Class A *	13,982		36,074
Westwood One, Inc.	22,698		62,420
World Wrestling Entertainment, Inc., Class A	7,738		116,689
			2,711,762
Building Materials & Construction - 1.07%
Apogee Enterprises, Inc.	9,176		238,025
Beacon Roofing Supply, Inc. * (a)	14,066		143,755
Builders FirstSource, Inc. *	5,319		57,339
Drew Industries, Inc. *	5,830		237,164

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Building Materials & Construction
(continued)
Dycom Industries, Inc. *	12,751	$	390,563
EMCOR Group, Inc. *	19,858		622,747
Granite Construction, Inc.	11,199		593,771
Griffon Corp. *	9,388		141,759
Home Solutions of America, Inc. * (a)	12,693		43,029
Interline Brands, Inc. *	8,726		200,611
LSI Industries, Inc.	6,558		134,570
NCI Building Systems, Inc. * (a)	6,364		274,988
Perini Corp. *	8,350		467,016
Texas Industries, Inc. (a)	8,504		667,564
Trex Company, Inc. * (a)	4,247		47,227
U.S. Concrete, Inc. *	11,383		75,014
WCI Communities, Inc. * (a)	9,736		58,319
Williams Scotsman International, Inc. *	9,471		262,441
			4,655,902
Business Services - 4.62%
ABM Industries, Inc.	13,573		271,188
Administaff, Inc. (a)	7,305		265,171
AMERCO, Inc. * (a)	3,325		211,004
Arbitron, Inc.	9,276		420,574
BearingPoint, Inc. *	61,759		250,124
Black Box Corp.	5,483		234,453
Bowne & Company, Inc.	8,889		148,091
Bright Horizons Family Solutions, Inc. *	8,273		354,415
Catalina Marketing Corp. *	11,243		364,161
CDI Corp.	4,123		114,949
Coinstar, Inc. *	8,704		280,008
Compass Diversified Trust	7,031		112,918
Compucredit Corp. *	6,358		138,032
COMSYS IT Partners, Inc. *	5,711		96,002
Core-Mark Holding Company, Inc. *	3,277		115,449
Cornell Corrections, Inc. *	3,676		86,570
CoStar Group, Inc. *	6,014		321,448
CRA International, Inc. *	3,934		189,579
CSG Systems International, Inc. *	13,500		286,875
Deluxe Corp.	16,146		594,819
DG Fastchannel, Inc. *	4,343		102,408
Diamond Management & Technology
Consultants, Inc.	9,046		83,223
Electro Rent Corp.	6,086		85,265
Ennis Business Forms, Inc.	8,243		181,676
Euronet Worldwide, Inc. * (a)	14,279		425,086
Exponent, Inc. *	5,244		131,572
EZCORP, Inc., Class A *	11,964		160,916
Forrester Research, Inc. *	5,003		117,921
FTI Consulting, Inc. *	13,384		673,349
Gartner Group, Inc., Class A *	21,371		522,735
Gevity HR, Inc.	7,819		80,145
Global Cash Access, Inc. *	13,986		148,112
Global Sources Ltd. *	4,915		108,965
GSI Commerce, Inc. * (a)	6,243		166,064

The accompanying notes are an integral part of the financial statements. 

303

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Healthcare Services Group, Inc. (a)	13,362	$	270,848
Heidrick & Struggles International, Inc. *	5,652		206,015
Hudson Highland Group, Inc. *	7,940		101,076
Huron Consulting Group, Inc. *	5,877		426,788
Informatica Corp. *	27,431		430,667
Insight Enterprises, Inc. *	15,213		392,647
Intervoice Brite, Inc. *	13,716		128,793
Jackson Hewitt Tax Service, Inc.	10,112		282,731
Kelly Services, Inc., Class A	7,411		146,812
Kendle International, Inc. *	3,942		163,711
Kenexa Corp. *	7,865		242,085
Kforce, Inc. *	9,954		128,008
Korn/Ferry International *	13,380		220,904
Labor Ready, Inc. *	14,468		267,803
LECG Corp. *	8,595		128,065
MAXIMUS, Inc.	6,762		294,688
McGrath Rentcorp	8,032		266,984
Michael Baker Corp. *	2,550		124,975
MPS Group, Inc. *	31,823		354,826
Navigant Consulting Company * (a)	18,048		228,488
Net 1 UEPS Technologies, Inc. *	13,092		355,710
On Assignment, Inc. *	11,400		106,476
Perot Systems Corp., Class A *	26,912		455,082
PHH Corp. *	16,572		435,512
Pre-Paid Legal Services, Inc. *	2,800		155,288
Quest Software, Inc. *	21,356		366,469
Resource America, Inc.	4,575		72,239
Resources Connection, Inc. *	15,226		352,482
Rollins, Inc.	8,998		240,157
SAIC, Inc. *	30,557		586,389
ScanSource, Inc. *	8,144		228,928
Seachange International, Inc. *	10,338		71,539
SonicWALL, Inc. *	20,340		177,568
Sotheby's	20,545		981,846
Source Interlink Companies *	11,886		41,839
Spherion Corp. *	17,905		147,895
SRA International, Inc., Class A *	12,798		359,368
SYNNEX Corp. *	5,121		105,288
Syntel, Inc.	3,948		164,158
TeleTech Holdings, Inc. *	12,972		310,160
Tetra Tech, Inc. *	18,103		382,335
Tyler Technologies, Inc. *	12,691		169,425
Viad Corp.	6,551		235,836
Volt Information Sciences, Inc. *	4,156		73,312
Watson Wyatt Worldwide, Inc., Class A	13,211		593,702
Wind River Systems, Inc. *	23,680		278,714
			20,097,898
Cable & Television - 0.57%
Charter Communications, Inc., Class A *	126,299		325,852
Gemstar-TV Guide International, Inc. *	78,014		542,978
Knology Inc *	8,234		137,755

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cable & Television (continued)
Lin TV Corp. *	8,622	$	112,172
LodgeNet Entertainment Corp. *	7,165		181,704
Time Warner Telecom, Inc., Class A *	44,891		986,255
TiVo, Inc. * (a)	30,743		195,218
			2,481,934
Cellular Communications - 0.47%
Brightpoint, Inc. *	15,823		237,503
Dobson Communications Corp., Class A *	45,368		580,257
iPCS, Inc. *	5,552		190,933
Novatel Wireless, Inc. *	9,472		214,541
RF Micro Devices, Inc. *	60,175		404,978
Rural Cellular Corp., Class A *	3,856		167,736
Syniverse Holdings, Inc. *	8,051		128,011
USA Mobility, Inc.	7,303		123,201
			2,047,160
Chemicals - 2.30%
A. Schulman, Inc.	8,691		171,473
Albany Molecular Research, Inc. *	8,250		124,575
American Vanguard Corp. (a)	6,215		121,317
Arch Chemicals, Inc.	7,622		357,319
Balchem Corp.	6,444		131,522
Calgon Carbon Corp. * (a)	12,781		178,423
Cambrex Corp.	9,154		99,687
CF Industries Holdings, Inc.	17,220		1,307,170
Ferro Corp.	13,471		269,151
Georgia Gulf Corp. (a)	10,858		150,926
H.B. Fuller Company	18,790		557,687
Hercules, Inc.	36,245		761,870
Innophos Holdings, Inc.	7,154		109,027
Innospec, Inc.	7,608		173,310
Landec Corp. *	7,462		115,363
LSB Industries, Inc. * (a)	4,850		114,703
Metabolix, Inc. *	4,613		111,911
Minerals Technologies, Inc.	5,919		396,573
Newmarket Corp.	4,801		237,073
Olin Corp.	22,915		512,838
OM Group, Inc. *	9,263		489,179
PolyOne Corp. *	29,262		218,587
Rockwood Holdings, Inc. *	10,906		390,762
Sensient Technologies Corp.	15,046		434,378
ShengdaTech, Inc. * (a)	10,683		64,419
Terra Industries, Inc. *	28,886		902,976
Tronox, Inc.	13,174		118,961
UAP Holding Corp.	16,108		505,147
W. R. Grace & Company *	21,826		586,246
Zoltek Companies, Inc. *	6,768		295,288
			10,007,861
Coal - 0.15%
Alpha Natural Resources, Inc. *	20,416		474,264
International Coal Group, Inc. * (a)	39,707		176,299
			650,563

The accompanying notes are an integral part of the financial statements. 

304

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Colleges & Universities - 0.10%
Corinthian Colleges, Inc. *	27,122	$	431,511
Commercial Services - 0.82%
CBIZ, Inc. *	16,107		128,051
Cenveo, Inc. *	16,710		361,437
Chemed Corp.	7,834		486,961
Coinmach Service Corp.	10,118		121,315
DynCorp International, Inc. *	7,852		181,460
Exlservice Holdings, Inc. * (a)	7,173		152,498
HMS Holdings Corp. *	6,773		166,683
Live Nation, Inc. *	20,231		429,909
Morningstar, Inc. *	3,811		233,995
Odyssey Marine Exploration, Inc. * (a)	13,291		82,271
PeopleSupport, Inc. * (a)	7,984		95,489
Perficient, Inc. *	9,172		200,592
Providence Service Corp. * (a)	3,850		113,036
Team, Inc. *	5,376		147,195
TNS, Inc. *	8,349		134,085
Waste Services, Inc. * (a)	6,655		64,620
Wright Express Corp. *	12,427		453,461
			3,553,058
Computers & Business Equipment - 3.24%
3Com Corp. *	120,532		595,428
3D Systems Corp. * (a)	4,923		116,281
Acme Packet, Inc. * (a)	6,972		107,508
Agilysys, Inc. (a)	9,629		162,730
Avanex Corp. * (a)	61,565		100,967
Avocent Corp. *	15,688		456,835
Benchmark Electronics, Inc. *	22,294		532,158
BigBand Networks, Inc. * (a)	3,853		24,659
Blue Coat Systems, Inc. *	3,995		314,646
CACI International, Inc., Class A *	9,513		486,019
Cogent, Inc. *	13,441		210,755
Cray, Inc. *	10,624		76,493
Digi International, Inc. *	8,985		127,946
Echelon Corp. * (a)	9,414		235,444
Electronics for Imaging, Inc. *	17,647		473,998
EMS Technologies, Inc. *	5,421		132,977
Extreme Networks, Inc. *	37,799		145,148
Falconstor Software, Inc. * (a)	10,392		125,224
Foundry Networks, Inc. *	45,212		803,417
Gateway, Inc. *	94,919		178,448
Gerber Scientific, Inc. *	7,936		86,106
Hurco Companies, Inc. *	1,861		100,606
Hypercom Corp. *	16,663		75,317
IHS, Inc., Class A *	9,750		550,777
Immersion Corp. * (a)	8,607		140,983
InPhonic, Inc. * (a)	8,090		22,247
Intermec, Inc. * (a)	18,819		491,552
Internap Network Services Corp. * (a)	15,266		216,319
Ixia *	14,504		126,475
Jack Henry & Associates, Inc.	24,370		630,208

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
L-1 Identity Solutions, Inc. * (a)	18,360	$	346,086
Liveperson, Inc. *	12,282		75,657
Micros Systems, Inc. *	12,580		818,581
MTS Systems Corp.	5,547		230,755
Ness Technologies, Inc. *	10,926		119,312
NETGEAR, Inc. *	10,771		327,654
Palm, Inc. *	32,054		521,519
Parametric Technology Corp. *	35,845		624,420
Plexus Corp. *	14,400		394,560
Quantum Corp. *	61,796		210,106
Rackable Systems, Inc. * (a)	9,251		119,985
Radiant Systems, Inc. *	9,360		148,169
RadiSys Corp. *	7,291		90,773
Rimage Corp. *	3,579		80,313
SI International, Inc. *	4,237		121,051
Sigma Designs, Inc. *	7,163		345,543
Silicon Graphics, Inc. * (a)	2,325		45,919
Silicon Storage Technology, Inc. *	31,273		100,699
Smart Modular Technologies (WWH), Inc. *	15,660		111,969
Sonic Solutions * (a)	7,495		78,473
Standard Microsystems Corp. *	7,151		274,741
STEC, Inc. *	10,430		79,581
Stratasys, Inc. *	6,576		181,235
Sykes Enterprises, Inc. *	9,888		164,240
Synaptics, Inc. *	8,012		382,653
Trident Microsystems, Inc. *	17,619		279,966
			14,121,631
Construction & Mining Equipment - 0.73%
A.S.V., Inc. * (a)	6,527		91,574
Astec Industries, Inc. *	5,667		325,569
Bucyrus International, Inc., Class A	11,580		844,529
Carbo Ceramics, Inc. (a)	6,294		319,295
Gulf Islands Fabrication, Inc.	3,543		136,016
Kaman Corp., Class A	7,734		267,287
Layne Christensen Company *	4,264		236,567
Matrix Service Company *	7,731		161,964
Washington Group International, Inc. *	9,062		795,734
			3,178,535
Construction Materials - 0.51%
Ameron International Corp.	2,851		301,550
Applied Industrial Technologies, Inc.	13,497		416,113
Clarcor, Inc.	15,955		545,821
Columbus McKinnon Corp. *	5,935		147,722
Comfort Systems USA, Inc.	13,777		195,633
Simpson Manufacturing Company, Inc.	11,491		365,988
Standex International Corp.	4,616		95,459
Universal Forest Products, Inc.	5,163		154,374
			2,222,660
Containers & Glass - 0.36%
Graphic Packaging Corp. *	21,136		95,535

The accompanying notes are an integral part of the financial statements. 

305

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Containers & Glass (continued)
Greif, Inc., Class A	10,230	$	620,756
Mobile Mini, Inc. *	11,286		272,670
Silgan Holdings, Inc.	7,840		421,400
TAL International Group, Inc.	5,509		138,110
			1,548,471
Correctional Facilities - 0.11%
The Geo Group, Inc. *	15,728		465,706
Cosmetics & Toiletries - 0.38%
Chattem, Inc. * (a)	5,281		372,416
Elizabeth Arden, Inc. *	7,970		214,871
Helen of Troy, Ltd. *	9,474		182,943
Intermediate Parfums, Inc.	2,995		70,892
Nu Skin Enterprises, Inc., Class A	16,039		259,190
Revlon, Inc., Class A * (a)	63,482		73,004
Sally Beauty Holdings, Inc. *	29,103		245,921
Steiner Leisure, Ltd. *	5,407		234,664
			1,653,901
Crude Petroleum & Natural Gas - 1.16%
Allis-Chalmers Energy, Inc. * (a)	7,873		149,115
Arena Resources, Inc. *	4,202		275,231
Bill Barrett Corp. * (a)	9,581		377,587
Bois d'Arc Energy, Inc. *	5,830		111,761
Carrizo Oil & Gas, Inc. * (a)	7,057		316,577
Contango Oil & Gas Company * (a)	4,199		152,004
Edge Petroleum Corp. * (a)	9,238		118,616
EXCO Resources, Inc. *	19,165		316,989
FX Energy, Inc. * (a)	11,823		88,081
Geokinetics, Inc. *	2,335		54,522
GMX Resources, Inc. * (a)	3,701		119,061
Goodrich Petroleum Corp. * (a)	4,816		152,667
Gulfport Energy Corp. *	6,379		150,927
Harvest Natural Resources, Inc. *	12,482		149,035
MarkWest Hydrocarbon, Inc.	2,106		122,422
Oilsands Quest, Inc. * (a)	34,505		152,857
Parallel Petroleum Corp. *	11,816		200,754
Penn Virginia Corp.	11,725		515,666
Petroquest Energy, Inc. *	13,128		140,863
SulphCo, Inc. * (a)	14,555		128,084
Superior Offshore International, Inc. *	3,366		37,868
Swift Energy Company *	9,294		380,311
Toreador Resources Corp. * (a)	4,993		59,067
TXCO Resources, Inc. *	11,164		100,029
Vaalco Energy, Inc. *	19,873		90,820
Venoco, Inc. *	4,015		68,857
Whiting Petroleum Corp. *	11,476		510,108
			5,039,879
Domestic Oil - 1.08%
Atlas America, Inc.	7,183		370,858
Berry Petroleum Company, Class A (a)	12,322		487,828
Brigham Exploration Company *	16,319		96,772
Comstock Resources, Inc. *	13,786		425,160

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Domestic Oil (continued)
Delta Petroleum Corp. * (a)	20,480	$	367,616
Encore Aquisition Company *	16,492		521,972
Energy Partners, Ltd. *	8,917		130,901
EnergySouth, Inc. (a)	2,608		131,495
GeoGlobal Resources, Inc. * (a)	10,303		37,091
Mariner Energy, Inc. *	27,053		560,268
McMoran Exploration Company * (a)	7,711		103,713
Meridian Resource Corp. *	31,173		77,309
Oil States International, Inc. *	15,179		733,146
Stone Energy Corp. *	8,756		350,327
Union Drilling, Inc. *	5,010		73,046
Warren Resources, Inc. *	17,079		214,171
			4,681,673
Drugs & Health Care - 1.97%
Abaxis, Inc. * (a)	6,523		146,441
Abiomed, Inc. * (a)	9,414		117,016
Acadia Pharmaceuticals, Inc. * (a)	9,733		146,482
Alpharma Inc., Class A	13,498		288,317
Ariad Pharmaceuticals, Inc. * (a)	22,513		104,235
Arrow International, Inc.	7,681		349,409
Bioenvision, Inc. * (a)	17,604		92,949
BioMarin Pharmaceutical, Inc. *	29,706		739,679
Cell Genesys, Inc. * (a)	23,346		89,182
CV Therapeutics, Inc. * (a)	18,663		167,594
Datascope Corp.	4,232		143,084
Dendreon Corp. * (a)	26,041		200,255
Durect Corp. * (a)	21,280		116,614
Gentiva Health Services, Inc. *	8,738		167,857
Hansen Medical, Inc. *	3,132		84,909
I-Flow Corp. * (a)	6,752		125,520
Immunomedics, Inc. *	18,626		42,654
Invacare Corp.	9,141		213,717
K-V Pharmaceutical Company, Class A *	11,025		315,315
Landauer, Inc.	3,040		154,918
Luminex Corp. * (a)	11,001		165,895
Mannatech, Inc. (a)	5,195		42,079
Matria Healthcare, Inc. * (a)	6,704		175,377
Maxygen, Inc. *	8,172		55,651
Medical Action, Inc. *	5,023		118,844
Mentor Corp. (a)	12,077		556,146
Meridian Bioscience, Inc.	12,452		377,545
Molina Healthcare, Inc. *	4,184		151,754
Neurogen Corp. *	10,627		47,184
OraSure Technologies, Inc. *	15,705		157,835
Pain Therapeutics, Inc. * (a)	11,368		106,291
Parexel International Corp. *	8,671		357,852
Perrigo Company	23,992		512,229
Quidel Corp. *	9,171		179,385
Res-Care, Inc. *	7,855		179,408
Savient Pharmaceuticals, Inc. *	16,563		240,992
Seattle Genetics, Inc. *	13,136		147,649

The accompanying notes are an integral part of the financial statements. 

306

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Drugs & Health Care (continued)
Vital Signs, Inc.	3,436	$	179,153
Vivus, Inc. *	19,223		95,346
West Pharmaceutical Services, Inc. (a)	10,234		426,348
XenoPort, Inc. *	6,759		318,011
Zymogenetics, Inc. *	12,650		165,082
			8,562,203
Educational Services - 0.47%
Capella Education Co. *	3,403		190,262
DeVry, Inc.	18,628		689,422
INVESTools, Inc. *	16,460		199,001
Leapfrog Enterprises, Inc., Class A * (a)	10,843		89,455
Strayer Education, Inc.	4,534		764,569
Universal Technical Institute, Inc. * (a)	7,444		133,992
			2,066,701
Electrical Equipment - 1.81%
A.O. Smith Corp.	6,425		281,929
Aaon, Inc.	4,765		94,013
American Science & Engineering, Inc. (a)	2,893		181,275
Anaren, Inc. *	6,027		84,981
Anixter International, Inc. *	9,456		779,647
Audiovox Corp., Class A *	6,075		62,512
AZZ, Inc. *	3,758		131,380
Baldor Electric Company	14,191		566,930
Cohu, Inc.	7,837		146,944
Coleman Cable, Inc. *	2,793		38,655
DTS, Inc. *	6,027		183,040
Encore Wire Corp. (a)	7,340		184,454
Excel Technology, Inc. *	4,471		111,551
FLIR Systems, Inc. *	20,513		1,136,215
Genlyte Group, Inc. *	8,907		572,364
GrafTech International, Ltd. *	30,947		552,094
Greatbatch, Inc. *	6,988		185,811
Houston Wire & Cable Company (a)	5,365		97,160
Lamson & Sessions Company *	4,511		121,617
Littelfuse, Inc. *	6,880		245,547
Methode Electronics, Inc.	11,573		174,174
Powell Industries, Inc. *	2,786		105,562
Power-One, Inc. * (a)	23,396		119,320
Universal Electronics, Inc. *	4,625		150,312
Varian, Inc. *	9,488		603,532
Vicor Corp.	6,901		83,640
W.H. Brady Company, Class A	15,669		562,204
Watsco, Inc. (a)	7,072		328,353
			7,885,216
Electrical Utilities - 1.55%
Allete, Inc.	8,016		358,796
Avista Corp.	16,451		334,778
Black Hills Corp.	11,708		480,262
Central Vermont Public Service Corp. (a)	3,482		127,232
CH Energy Group, Inc.	5,356		256,017
Cleco Corp.	18,489		467,217

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
El Paso Electric Company *	14,319	$	331,198
Empire District Electric Company (a)	9,925		224,206
IDACORP, Inc. (a)	13,577		444,511
ITC Holdings Corp.	13,222		655,150
MGE Energy, Inc.	6,982		233,478
NorthWestern Corp.	11,384		309,303
Otter Tail Corp. (a)	9,385		334,575
Pike Electric Corp. *	5,885		110,403
PNM Resources, Inc.	23,623		549,943
Portland General Electric Company	9,257		257,347
UIL Holding Corp.	8,207		258,521
Unisource Energy Corp.	11,018		329,328
Westar Energy, Inc.	27,357		671,888
			6,734,153
Electronics - 2.20%
Adaptec, Inc. *	38,713		147,884
Anadigics, Inc. * (a)	18,297		330,810
Analogic Corp.	4,341		276,782
Bel Fuse, Inc., Class B	3,870		134,134
Belden, Inc.	13,936		653,738
Checkpoint Systems, Inc. *	12,258		323,489
Comtech Group, Inc. *	6,150		111,991
CTS Corp.	12,117		156,309
Cubic Corp.	4,969		209,543
Cynosure, Inc. *	2,483		91,623
Daktronics, Inc.	9,941		270,594
Electro Scientific Industries, Inc. *	9,280		222,349
Enersys *	6,815		121,102
FEI Company *	11,014		346,170
Franklin Electric, Inc. (a)	6,090		250,360
Hutchinson Technology, Inc. * (a)	8,226		202,360
II-VI, Inc. *	7,395		255,349
Imation Corp.	10,881		266,911
Integrated Electrical Services, Inc. *	4,403		112,761
IPG Photonics Corp. *	3,092		60,789
Itron, Inc. * (a)	9,271		862,852
Kemet Corp. *	25,917		190,490
LoJack Corp. *	6,052		114,746
Measurement Specialties, Inc. *	4,893		136,515
Medis Technologies, Ltd. * (a)	7,307		94,991
Mentor Graphics Corp. *	26,899		406,175
Mercury Computer Systems, Inc. *	7,772		79,896
Newport Corp. *	10,927		166,418
OSI Systems, Inc. *	4,882		109,894
Park Electrochemical Corp.	6,362		213,636
Rogers Corp. *	5,541		228,234
SiRF Technology Holdings, Inc. * (a)	16,432		350,823
Sonic Innovations, Inc. *	8,889		81,512
Stoneridge, Inc. *	4,961		50,602
Supertex, Inc. * (a)	3,669		146,320
Sycamore Networks, Inc. *	55,985		227,859

The accompanying notes are an integral part of the financial statements. 

307

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics (continued)
Syntax-Brillian Corp. * (a)	17,969	$	73,134
Taser International, Inc. * (a)	19,426		304,794
Technitrol, Inc.	12,706		342,427
TTM Technologies, Inc. *	13,250		153,302
Universal Display Corp. * (a)	8,241		146,030
X-Rite, Inc.	9,349		134,999
Zoran Corp. *	15,405		311,181
Zygo Corp. *	6,335		82,545
			9,554,423
Energy - 0.61%
Alon USA Energy, Inc.	4,055		136,978
Aventine Renewable Energy Holdings, Inc. * (a)	10,222		108,047
Energy Conversion Devices, Inc. * (a)	12,243		278,161
Evergreen Energy, Inc. * (a)	26,303		134,145
Evergreen Solar, Inc. * (a)	29,336		261,970
Fuelcell Energy, Inc. * (a)	20,748		185,487
Headwaters, Inc. * (a)	12,428		184,929
Horizon Offshore, Inc. *	10,299		169,934
New Jersey Resources Corp.	8,726		432,722
Ormat Technologies, Inc. (a)	4,279		198,289
Pacific Ethanol, Inc. * (a)	11,118		106,955
Rosetta Resources, Inc. *	15,911		291,808
VeraSun Energy Corp. * (a)	10,414		114,554
Verenium Corp. * (a)	10,512		55,503
			2,659,482
Financial Services - 2.97%
Accredited Home Lenders Holding Company * (a)	6,523		76,123
Actrade Financial Technologies, Ltd. *	722		917
Advance America Cash Advance Centers, Inc.	20,955		223,590
Advanta Corp., Class B	11,617		318,538
Asset Acceptance Capital Corp. * (a)	5,666		65,726
Asta Funding, Inc. (a)	3,602		138,029
Authorize.Net Holdings, Inc. *	9,011		158,864
Bankrate, Inc. * (a)	3,420		157,730
Calamos Asset Management, Inc.	7,389		208,592
Capital Southwest Corp.	992		121,778
Cass Information Systems, Inc. (a)	2,274		81,341
Centerline Holding Company (a)	16,179		248,348
City Holding Company	5,984		217,877
Clayton Holdings, Inc. *	3,981		31,888
Cohen & Steers, Inc.	5,418		200,629
Cowen Group, Inc. *	5,315		73,453
Delphi Financial Group, Inc.	13,815		558,402
Delta Financial Corp. (a)	5,584		27,417
Dollar Financial Corp. *	5,081		144,961
Encore Capital Group, Inc. *	5,633		66,469
Evercore Partners, Inc.	2,993		78,686
FBR Capital Markets Corp. *	9,667		124,511
FCStone Group, Inc. * (a)	2,783		89,791
Federal Agricultural Mortgage Corp., Class C	3,676		107,927
Financial Federal Corp.	8,642		242,062

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Fremont General Corp. (a)	21,135	$	82,427
Friedman, Billings, Ramsey Group, Inc. (a)	49,210		226,858
GFI Group, Inc. *	4,936		425,088
Heartland Payment Systems, Inc. (a)	4,943		127,035
HFF, Inc. *	5,675		67,362
Interactive Brokers Group, Inc. *	12,405		325,755
Interactive Data Corp.	11,035		311,187
International Securities Exchange
Holdings, Inc.	12,074		802,559
Investors Bancorp, Inc. * (a)	16,429		232,635
KBW, Inc. * (a)	9,105		262,042
Knight Capital Group, Inc. *	32,158		384,610
LaBranche & Company, Inc. * (a)	16,641		77,880
Ladenburg Thalmann Financial Services, Inc. * (a)	31,546		61,830
MarketAxess Holdings, Inc. * (a)	9,865		147,975
MCG Capital Corp. (a)	19,990		287,656
Merrill Lynch & Company, Inc.	7,115		507,155
MVC Capital, Inc.	7,953		147,369
National Financial Partners Corp. (a)	11,616		615,416
NBT Bancorp, Inc.	11,158		242,575
Nelnet, Inc., Class A (a)	5,583		101,834
NewStar Financial, Inc. * (a)	4,602		51,727
Ocwen Financial Corp. *	11,652		109,878
optionsXpress Holdings, Inc.	13,552		354,249
Patriot Capital Funding, Inc. (a)	7,147		95,555
PennantPark Investment Corp.	6,619		88,695
Penson Worldwide, Inc. *	4,578		84,601
Piper Jaffray Companies, Inc. *	5,814		311,630
Portfolio Recovery Associates, Inc. * (a)	5,025		266,677
Prospect Capital Corp. (a)	7,026		119,583
RAM Holdings, Ltd. *	6,882		64,003
Sanders Morris Harris Group, Inc.	6,557		66,554
Stifel Financial Corp. * (a)	4,666		269,881
SWS Group, Inc.	7,010		124,007
Technology Investment Capital Corp. (a)	7,128		95,301
Thomas Weisel Partners Group, Inc. *	6,937		100,656
UMB Financial Corp.	9,734		417,199
United Community Financial Corp.	10,584		76,417
Waddell & Reed Financial, Inc., Class A	25,949		701,401
World Acceptance Corp. * (a)	5,594		185,050
WSFS Financial Corp.	2,510		156,624
			12,940,585
Food & Beverages - 1.17%
Cal-Maine Foods, Inc. (a)	4,522		114,135
Chiquita Brands International, Inc. * (a)	13,353		211,378
Coca-Cola Bottling Company (a)	2,216		133,625
Flowers Foods, Inc.	24,066		524,639
Green Mountain Coffee Roasters, Inc. * (a)	5,466		181,416
Hain Celestial Group, Inc. *	12,599		404,806
Imperial Sugar Company (a)	4,012		104,834
J & J Snack Foods Corp.	4,762		165,813
Jones Soda Company * (a)	8,190		98,771

The accompanying notes are an integral part of the financial statements. 

308

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages (continued)
Lance, Inc.	9,992	$	230,016
M & F Worldwide Corp. *	3,805		190,973
Nuco2, Inc. *	5,439		140,000
Performance Food Group Company *	11,151		335,980
Pilgrim's Pride Corp. (a)	12,569		436,521
Ralcorp Holdings, Inc. *	8,446		471,456
Sanderson Farms, Inc. (a)	5,336		222,351
Seaboard Corp.	111		217,560
Spartan Stores, Inc.	6,973		157,102
Tootsie Roll Industries, Inc. (a)	11,381		301,938
TreeHouse Foods, Inc. *	9,883		267,335
Winn-Dixie Stores, Inc. *	10,699		200,285
			5,110,934
Forest Products - 0.04%
Deltic Timber Corp.	3,349		190,625
Funeral Services - 0.06%
Stewart Enterprises, Inc., Class A	31,680		241,402
Furniture & Fixtures - 0.23%
American Woodmark Corp. (a)	3,844		95,293
Ethan Allen Interiors, Inc. (a)	8,052		263,220
Furniture Brands International, Inc. (a)	14,875		150,832
Hooker Furniture Corp.	4,190		83,884
Kimball International, Inc., Class B	8,277		94,192
La-Z-Boy, Inc. (a)	16,100		118,818
Sealy Corp. (a)	13,795		193,682
			999,921
Gas & Pipeline Utilities - 1.08%
American States Water Company (a)	5,757		224,523
Aquila, Inc. *	115,425		462,854
Cal Dive International, Inc. *	7,025		105,375
California Water Service Group (a)	6,458		248,568
Crosstex Energy, Inc. (a)	11,861		449,651
Nicor, Inc.	13,805		592,235
Northwest Natural Gas Company	8,497		388,313
Piedmont Natural Gas, Inc. (a)	23,133		580,407
SEMCO Energy, Inc. *	13,424		105,915
South Jersey Industries, Inc.	9,200		320,160
Southwest Gas Corp.	13,312		376,596
Southwest Water Company	8,872		112,053
The Laclede Group, Inc.	7,281		235,031
WGL Holdings, Inc.	15,195		514,959
			4,716,640
Healthcare Products - 3.09%
Accuray, Inc. * (a)	5,165		90,181
Align Technology, Inc. * (a)	18,697		473,595
American Medical Systems Holdings, Inc. * (a)	22,425		380,104
AngioDynamics, Inc. * (a)	6,668		125,692
Animal Health International, Inc. *	4,238		47,169
ArthroCare Corp. *	8,568		478,866
Aspect Medical Systems, Inc. *	5,686		77,159

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Bruker BioSciences Corp. *	20,396	$	179,485
Cantel Medical Corp. *	4,105		64,079
Computer Programs & Systems, Inc.	3,131		82,533
Conceptus, Inc. * (a)	9,284		176,210
CONMED Corp. *	8,828		247,096
Cutera, Inc. *	4,320		113,227
Cyberonics, Inc. * (a)	7,298		101,734
Cypress Biosciences, Inc. *	10,143		138,858
DJO, Inc. *	7,300		358,430
Foxhollow Technologies, Inc. *	6,260		165,264
Haemonetics Corp. *	8,208		405,639
Hologic, Inc. * (a)	16,708		1,019,188
ICU Medical, Inc. *	4,141		160,464
Inverness Medical Innovations, Inc. *	14,493		801,753
Kensey Nash Corp. *	4,203		109,740
Kyphon, Inc. *	14,132		989,240
LCA-Vision, Inc. (a)	6,230		183,100
LifeCell Corp. * (a)	10,549		396,326
Mannkind Corp. * (a)	12,996		125,801
Merit Medical Systems, Inc. *	9,475		122,985
Micrus Endovascular Corp. *	4,909		89,687
Natus Medical, Inc. *	6,829		108,854
Nuvasive, Inc. *	10,758		386,535
Orthofix International NV *	5,195		254,399
Owens & Minor, Inc.	12,541		477,687
Polymedica Corp.	7,108		373,312
PSS World Medical, Inc. *	20,949		400,754
Sirona Dental Systems, Inc. * (a)	5,205		185,662
SonoSite, Inc. *	5,196		158,582
Spectranetics Corp. * (a)	10,683		144,007
Stereotaxis, Inc. * (a)	8,077		111,382
STERIS Corp.	20,132		550,208
SurModics, Inc. * (a)	4,774		233,974
Symmetry Medical, Inc. *	11,123		185,754
The Medicines Company *	16,116		287,026
Thoratec Corp. *	16,589		343,226
USANA Health Sciences, Inc. * (a)	2,666		116,637
Ventana Medical Systems, Inc. *	9,216		791,747
Visicu, Inc. *	5,069		38,423
Volcano, Corp. *	7,444		122,379
Wright Medical Group, Inc. *	11,047		296,281
Zoll Medical Corp. *	6,542		169,569
			13,440,003
Healthcare Services - 1.64%
Air Methods Corp. *	3,338		154,216
Alliance Imaging, Inc. *	8,439		76,457
Amedisys, Inc. *	7,969		306,169
American Dental Partners, Inc. *	4,331		121,311
AMERIGROUP Corp. *	16,232		559,679
AMN Healthcare Services, Inc. *	10,822		202,696
Apria Healthcare Group, Inc. *	13,440		349,574

The accompanying notes are an integral part of the financial statements. 

309

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services (continued)
Assisted Living Concepts, Inc. * (a)	18,711	$	171,019
Capital Senior Living Corp. *	8,519		71,730
CorVel Corp. *	2,724		62,979
Cross Country Healthcare, Inc. *	10,191		178,037
Emergency Medical Services Corp., Class A *	2,958		89,479
Emeritus Corp. *	1,940		52,574
Enzo Biochem, Inc. * (a)	9,418		106,894
Healthextras, Inc. *	9,589		266,862
Healthsouth Corp. * (a)	24,423		427,647
Healthspring, Inc. *	14,596		284,622
Healthways, Inc. * (a)	10,827		584,333
Kindred Healthcare, Inc. *	9,287		166,330
LHC Group, Inc. * (a)	4,576		98,247
Magellan Health Services, Inc. *	12,027		488,056
National Healthcare Corp.	2,331		119,790
Nighthawk Radiology Holdings, Inc. * (a)	6,595		161,643
Odyssey Healthcare, Inc. *	10,783		103,625
Palomar Medical Technologies, Inc. *	5,827		166,011
Phase Forward, Inc. *	12,921		258,549
Psychiatric Solutions, Inc. *	16,770		658,726
Radiation Therapy Services, Inc. * (a)	4,261		88,714
Skilled Healthcare Group Inc *	7,420		116,865
Sun Healthcare Group, Inc. *	13,435		224,499
The Advisory Board Company *	5,624		328,835
Town Sports International Holdings, Inc. *	5,327		81,024
			7,127,192
Holdings Companies/Conglomerates - 0.20%
Freedom Acquisition Holdings, Inc. * (a)	16,823		189,259
Information Services Group, Inc. * (a)	11,436		87,485
Marathon Acquisition Corp. * (a)	12,376		97,646
NTR Acquisition Company *	9,241		87,605
PICO Holdings, Inc. * (a)	4,829		200,645
United Industrial Corp.	2,672		201,095
			863,735
Homebuilders - 0.28%
Beazer Homes USA, Inc. (a)	12,178		100,469
Champion Enterprises, Inc. * (a)	24,107		264,695
Hovnanian Enterprises, Inc., Class A * (a)	11,621		128,877
M/I Homes, Inc. (a)	4,124		57,282
Meritage Homes Corp. * (a)	8,235		116,278
Standard Pacific Corp. (a)	20,151		110,629
Walter Industries, Inc.	16,297		438,389
			1,216,619
Hotels & Restaurants - 1.98%
AFC Enterprises, Inc. *	9,637		145,037
Ameristar Casinos, Inc.	7,883		221,512
Applebee's International, Inc.	23,297		579,629
BJ's Restaurants, Inc. * (a)	5,942		125,079
Bob Evans Farms, Inc.	11,365		342,996
Buffalo Wild Wings, Inc. * (a)	4,812		181,509
California Pizza Kitchen, Inc. *	9,402		165,193

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hotels & Restaurants (continued)
CBRL Group, Inc.	7,805	$	318,444
CEC Entertainment, Inc. *	9,004		241,937
Chipotle Mexican Grill, Inc. *	10,201		1,091,507
CKE Restaurants, Inc.	19,709		319,483
Denny's Corp. *	29,659		118,636
Domino's Pizza, Inc.	14,030		232,758
IHOP Corp. (a)	5,523		349,772
Jack in the Box, Inc. *	9,706		629,337
Jamba, Inc. * (a)	16,475		115,819
Krispy Kreme Doughnuts, Inc. * (a)	20,405		81,620
Landry's Restaurants, Inc. (a)	5,512		145,847
Lodgian, Inc. *	6,445		76,051
Marcus Corp.	6,906		132,595
McCormick & Schmick's Seafood
Restaurants, Inc. *	5,081		95,675
Morgans Hotel Group Company *	6,480		140,940
O'Charley's, Inc.	8,156		123,645
P.F. Chang's China Bistro, Inc. * (a)	8,120		240,352
Papa John's International, Inc. *	7,019		171,544
Peets Coffee & Tea, Inc. * (a)	5,113		142,704
RARE Hospitality International, Inc. *	9,989		380,681
Red Robin Gourmet Burgers, Inc. *	5,307		227,670
Ruby Tuesday, Inc.	17,028		312,294
Ruth's Chris Steak House, Inc. *	6,239		88,906
Sonic Corp. *	20,960		490,464
Texas Roadhouse, Inc., Class A *	16,717		195,589
The Steak & Shake Company * (a)	9,857		147,954
Triarc Companies, Inc.	19,948		249,549
			8,622,728
Household Appliances - 0.07%
Consolidated Tomoka Land Company (a)	2,068		138,990
Libbey, Inc. (a)	4,732		82,905
Lifetime Brands, Inc. (a)	3,847		78,056
			299,951
Household Products - 0.58%
Blyth, Inc.	8,032		164,254
Central Garden & Pet Company, Class A *	22,008		197,632
Cryolife, Inc. *	7,213		68,163
Jarden Corp. *	1,776		54,937
Select Comfort Corp. * (a)	15,282		213,184
Tempur-Pedic International, Inc.	25,624		916,058
Tupperware Brands Corp.	19,225		605,395
TurboChef Technologies, Inc. *	6,362		83,978
WD-40 Company	6,082		207,640
			2,511,241
Industrial Machinery - 1.77%
Actuant Corp., Class A	8,521		553,609
Albany International Corp., Class A	9,057		339,547
Badger Meter, Inc. (a)	4,959		158,936
Briggs & Stratton Corp. (a)	15,278		384,700
Cascade Corp.	3,665		238,848

The accompanying notes are an integral part of the financial statements. 

310

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial Machinery (continued)
Chart Industries, Inc. *	4,126	$	132,692
Circor International, Inc.	5,509		250,164
Cognex Corp.	13,743		244,076
Dionex Corp. *	5,899		468,735
EnPro Industries, Inc. *	6,704		272,182
Flow International Corp. *	12,029		106,096
Gehl Company *	3,683		82,241
Gorman-Rupp Company	3,818		126,605
H&E Equipment Services, Inc. *	5,659		101,749
Intevac, Inc. *	6,598		100,290
Kadant, Inc. *	4,759		133,252
Lindsay Corp. (a)	3,821		167,283
Lufkin Industries, Inc.	4,723		259,859
Middleby Corp. *	4,291		276,941
NACCO Industries, Inc., Class A	1,820		188,334
NATCO Group, Inc. *	5,440		281,520
OYO Geospace Corp. *	1,314		121,821
Raser Technologies, Inc. * (a)	10,133		130,614
Regal-Beloit Corp.	9,907		474,446
Robbins & Myers, Inc.	4,440		254,368
Rofin-Sinar Technologies, Inc. *	4,896		343,748
Sauer-Danfoss, Inc.	3,512		93,700
Tecumseh Products Company, Class A *	5,163		99,388
Tennant Company	5,320		259,084
Tredegar Industries, Inc.	9,864		170,154
Twin Disc, Inc. (a)	1,537		89,453
Valmont Industries, Inc.	5,803		492,385
Watts Water Technologies, Inc., Class A (a)	9,692		297,544
			7,694,364
Industrials - 0.17%
Aecom Technology Corp. *	12,455		435,053
Brookfield Homes Corp. (a)	3,697		68,579
Clean Harbors, Inc. *	5,226		232,662
			736,294
Insurance - 3.24%
Alfa Corp.	10,959		199,235
American Equity Investment Life Holding
Company	18,270		194,575
American Physicians Capital, Inc.	3,491		136,009
Amerisafe, Inc. *	6,477		107,130
Amtrust Financial Services, Inc. (a)	8,256		125,244
Argo Group International Holdings, Ltd. *	9,201		400,338
Aspen Insurance Holdings, Ltd.	27,471		766,716
Assured Guaranty, Ltd.	21,158		574,863
Citizens, Inc. Class A * (a)	13,625		104,231
CNA Surety Corp. *	5,637		99,380
Commerce Group, Inc.	16,830		495,980
eHealth, Inc. *	4,331		119,969
Employers Holdings, Inc.	17,000		350,370
Enstar Group, Ltd. * (a)	2,248		284,934
FBL Financial Group, Inc., Class A	4,992		197,134

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
First Mercury Financial Corp. *	4,603	$	99,011
FPIC Insurance Group, Inc. *	3,377		145,380
Harleysville Group, Inc.	5,477		175,154
Hilb, Rogal and Hamilton Company	11,475		497,212
Horace Mann Educators Corp.	14,029		276,512
Infinity Property & Casualty Corp.	6,217		250,048
IPC Holdings, Ltd.	19,931		575,009
LandAmerica Financial Group, Inc.	5,344		208,309
Max Re Capital, Ltd.	18,976		532,087
Meadowbrook Insurance Group, Inc. *	9,173		82,649
Midland Company	3,296		181,148
Montpelier Re Holdings, Ltd. (a)	34,901		617,748
National Western Life Insurance Company,
Class A *	791		202,464
Navigators Group, Inc. *	4,514		244,885
NYMAGIC, Inc.	2,426		67,467
Odyssey Re Holdings Corp.	8,958		332,431
Phoenix Companies, Inc.	35,811		505,293
Platinum Underwriters Holdings, Ltd.	18,642		670,366
PMA Capital Corp., Class A *	12,042		114,399
Presidential Life Corp.	7,738		131,236
Primus Guaranty, Ltd. * (a)	14,364		151,109
ProAssurance Corp. *	10,582		570,052
RLI Corp.	6,947		394,034
Safety Insurance Group, Inc.	5,371		193,034
Scottish Re Group, Ltd. *	22,024		70,257
SeaBright Insurance Holdings, Inc. *	7,391		126,164
Security Capital Assurance, Ltd. (a)	7,468		170,569
Selective Insurance Group, Inc.	17,600		374,528
State Auto Financial Corp.	5,135		150,199
Stewart Information Services Corp.	5,649		193,591
Tower Group, Inc.	6,551		171,505
Triad Guaranty, Inc. * (a)	3,982		75,539
United America Indemnity Ltd. *	8,350		179,608
United Fire & Casualty Company	7,432		290,517
Universal American Financial Corp. *	12,591		287,201
Validus Holdings, Ltd. *	5,157		125,006
Zenith National Insurance Corp.	11,587		520,140
			14,107,969
International Oil - 0.19%
ATP Oil & Gas Corp. * (a)	6,874		323,284
BPZ Energy, Inc. * (a)	15,053		117,414
Callon Petroleum Company *	7,375		102,660
Parker Drilling Company *	34,751		282,178
			825,536
Internet Content - 0.52%
CMGI, Inc. *	154,791		210,516
CNET Networks, Inc. *	46,912		349,494
Harris Interactive, Inc. *	19,076		82,217
InfoSpace, Inc. *	10,055		176,566
Internet Cap Group, Inc. *	12,226		146,712

The accompanying notes are an integral part of the financial statements. 

311

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Content (continued)
Liquidity Services, Inc. *	3,527	$	38,762
LoopNet, Inc. *	8,444		173,440
Move, Inc. *	31,693		87,472
RightNow Technologies, Inc. * (a)	5,812		93,515
Safeguard Scientifics, Inc. *	39,413		90,256
Schawk, Inc., Class A	5,017		113,234
Sohu.com, Inc. * (a)	8,659		326,531
SourceForge, Inc. *	22,893		56,088
The Knot, Inc. * (a)	8,696		184,877
TheStreet.com, Inc.	6,615		80,107
Travelzoo, Inc. *	2,402		55,126
			2,264,913
Internet Retail - 0.63%
1-800-Flowers.com, Inc. *	8,422		97,611
Ariba, Inc. *	24,131		260,132
Blue Nile, Inc. * (a)	4,191		394,457
Mercadolibre, Inc. *	4,988		182,710
Netflix, Inc. * (a)	14,582		302,139
Overstock.com, Inc. * (a)	5,282		152,122
PetMed Express, Inc. *	6,691		93,741
Priceline.com, Inc. * (a)	11,751		1,042,901
Shutterfly, Inc. *	4,628		147,680
Stamps.com, Inc. *	6,320		75,650
			2,749,143
Internet Service Provider - 0.51%
Cogent Communications Group, Inc. *	15,564		363,264
Earthlink, Inc. *	38,121		301,918
Equinix, Inc. *	9,781		867,477
eSPEED, Inc., Class A *	6,834		58,294
Imergent, Inc. (a)	3,936		88,285
Online Resources Corp. *	8,790		111,106
Terremark Worldwide, Inc. * (a)	15,326		109,887
United Online, Inc.	20,747		311,412
			2,211,643
Internet Software - 0.88%
Art Technology Group, Inc. *	39,303		118,695
Chordiant Software, Inc. *	10,349		143,437
Cybersource Corp. * (a)	10,548		123,306
DealerTrack Holdings, Inc. *	10,479		438,861
Digital River, Inc. *	12,795		572,576
eResearch Technology, Inc. * (a)	12,820		146,020
Interwoven, Inc. *	13,615		193,742
Keynote Systems, Inc. *	5,652		77,602
Lionbridge Technologies, Inc. *	18,795		74,992
NIC, Inc. *	13,701		95,085
On2 Technologies, Inc. * (a)	36,014		41,776
Openwave Systems, Inc. *	25,852		113,232
RealNetworks, Inc. *	31,590		214,180
S1 Corp. *	17,609		159,361
Sapient Corp. *	25,685		172,346
Switch & Data Facilities Company, Inc. *	4,167		67,880

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Software (continued)
TIBCO Software, Inc. *	64,922	$	479,774
VASCO Data Security International, Inc. * (a)	8,115		286,541
Vignette Corp. *	9,277		186,189
Vocus, Inc. *	4,291		125,469
			3,831,064
Investment Companies - 0.37%
Apollo Investment Corp. (a)	30,583		636,126
Ares Cap Corp. (a)	21,319		346,860
GAMCO Investors, Inc.	1,860		101,928
Gladstone Capital Corp. (a)	5,171		100,938
Hercules Technology Growth Capital, Inc.	8,722		115,741
Kohlberg Capital Corp.	4,879		73,478
NGP Capital Resources Company (a)	6,594		107,020
U.S. Global Investors, Inc. (a)	3,784		71,972
WP Stewart & Company, Ltd. (a)	7,401		73,418
			1,627,481
Leisure Time - 1.64%
Ambassadors International, Inc. (a)	3,023		74,154
Arctic Cat, Inc. (a)	4,386		71,755
Bally Technologies, Inc. *	16,601		588,173
Blockbuster, Inc., Class A *	60,063		322,538
Bluegreen Corp. *	7,593		58,846
Callaway Golf Company	22,504		360,289
Carmike Cinemas, Inc.	4,626		84,980
Churchill Downs, Inc.	3,230		161,371
Cinemark Holdings, Inc. *	8,469		157,185
Dover Downs Gaming & Entertainment, Inc.	5,406		56,168
Gaylord Entertainment Company *	12,677		674,670
Isle of Capri Casinos, Inc. * (a)	4,992		97,094
Lakes Gaming, Inc. * (a)	5,981		56,999
Life Time Fitness, Inc. * (a)	9,849		604,138
Monarch Casino & Resort, Inc. *	3,834		109,077
MTR Gaming Group, Inc. *	6,818		64,975
Multimedia Games, Inc. * (a)	8,080		68,842
National Cinemedia, Inc.	13,043		292,163
Pinnacle Entertainment, Inc. *	18,470		502,938
Polaris Industries, Inc. (a)	11,114		484,793
Premier Exhibitions, Inc. * (a)	9,306		140,334
RC2 Corp. *	6,719		186,049
Riviera Holdings Corp. *	3,291		92,312
Shuffle Master, Inc. * (a)	11,088		165,766
Six Flags, Inc. * (a)	22,049		76,289
Speedway Motorsports, Inc.	4,423		163,651
Steinway Musical Instruments, Inc. *	2,780		82,344
The Nautilus Group, Inc. (a)	10,137		80,792
Topps, Inc.	11,853		114,856
Trump Entertainment Resorts, Inc. * (a)	10,468		67,519
Vail Resorts, Inc. *	9,744		606,954
West Marine, Inc. *	5,227		60,372
WMS Industries, Inc. *	12,649		418,682
			7,147,068

The accompanying notes are an integral part of the financial statements. 

312

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Life Sciences - 0.26%
American Ecology Corp. (a)	5,562	$	117,859
Arrowhead Research Corp. * (a)	11,031		55,707
Dawson Geophysical Company *	2,495		193,387
Halozyme Therapeutics, Inc. * (a)	20,151		175,112
Incyte Corp. * (a)	26,411		188,839
Ionatron, Inc. * (a)	11,656		39,980
Omrix Biopharmaceuticals, Inc. *	4,320		152,539
Senomyx, Inc. *	10,259		125,673
Symyx Technologies, Inc. *	11,400		99,066
			1,148,162
Liquor - 0.16%
Boston Beer Company, Inc. *	3,088		150,262
Central European Distribution Corp. *	10,994		526,723
			676,985
Manufacturing - 1.87%
Acuity Brands, Inc.	13,523		682,641
American Railcar Industries, Inc.	3,207		70,618
AptarGroup, Inc.	21,437		811,819
Barnes Group, Inc.	14,337		457,637
Blout International, Inc. *	12,156		138,092
Ceradyne, Inc. *	8,446		639,700
Coherent, Inc. *	9,670		310,214
ESCO Technologies, Inc. * (a)	7,999		265,887
Force Protection, Inc. * (a)	21,199		459,170
Freightcar America, Inc. (a)	2,353		89,884
GenTek, Inc. *	3,055		91,894
Goodman Global, Inc. *	11,741		280,375
Hardinge, Inc.	3,659		127,443
Hexcel Corp. * (a)	29,276		664,858
Insteel Industries, Inc. (a)	6,062		93,052
iRobot Corp. * (a)	4,970		98,804
Kaydon Corp.	8,824		458,760
Koppers Holdings, Inc.	5,565		214,865
Lancaster Colony Corp.	7,246		276,580
Mine Safety Appliances Company (a)	8,736		411,553
Nordson Corp.	10,523		528,360
Park-Ohio Holdings Corp. *	2,990		77,590
Raven Industries, Inc.	5,133		205,577
Reddy Ice Holdings, Inc.	7,197		189,785
Smith & Wesson Holding Corp. * (a)	9,886		188,724
Spartan Motors, Inc.	10,086		169,747
Sturm Ruger & Company, Inc. *	7,568		135,543
			8,139,172
Medical-Hospitals - 0.49%
AmSurg Corp. *	9,485		218,819
Centene Corp. *	13,481		289,976
Cepheid, Inc. *	17,218		392,570
EV3, Inc. * (a)	5,501		90,326
Hythiam, Inc. * (a)	10,435		77,636
Medcath Corp. *	3,087		84,769
MWI Veterinary Supply, Inc. *	2,877		108,607

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Medical-Hospitals (continued)
Northstar Neuroscience, Inc. *	6,497	$	72,507
NxStage Medical, Inc. * (a)	6,619		95,909
RehabCare Group, Inc. *	6,322		111,204
Sunrise Senior Living, Inc. *	13,729		485,595
Vital Images, Inc. * (a)	5,509		107,536
			2,135,454
Metal & Metal Products - 1.27%
A. M. Castle & Company	3,450		112,470
Ampco-Pittsburgh Corp.	2,546		100,261
Brush Engineered Materials, Inc. *	6,476		336,040
Dynamic Materials Corp. (a)	3,768		180,449
Gibraltar Industries, Inc.	7,808		144,448
Haynes International, Inc. *	3,638		310,576
Kaiser Aluminum Corp.	4,731		333,867
L.B. Foster Company *	3,758		163,323
Ladish Company, Inc. *	4,766		264,418
Matthews International Corp., Class A	9,898		433,532
Metal Management, Inc.	7,962		431,540
Mueller Industries, Inc.	11,623		420,055
Mueller Water Products, Inc. (a)	35,984		445,842
Quanex Corp.	11,534		541,867
RBC Bearings, Inc. *	6,736		258,326
RTI International Metals, Inc. *	7,161		567,581
Sun Hydraulics, Inc.	3,636		115,625
Universal Stainless & Alloy Products, Inc. *	2,240		89,130
USEC, Inc. *	27,142		278,205
			5,527,555
Mining - 0.54%
AMCOL International Corp.	8,132		269,088
Apex Silver Mines, Ltd. *	18,139		352,804
Coeur d'Alene Mines Corp. * (a)	85,929		325,671
Compass Minerals International, Inc.	10,062		342,510
Hecla Mining Company *	37,277		333,629
Idaho General Mines, Inc. * (a)	15,696		104,221
Royal Gold, Inc. (a)	7,517		246,182
Stillwater Mining Company *	13,000		133,770
U.S. Gold Corp. *	15,110		94,740
Uranium Resources, Inc. * (a)	16,525		155,170
			2,357,785
Mobile Homes - 0.09%
Fleetwood Enterprises, Inc. * (a)	20,154		172,317
Winnebago Industries, Inc. (a)	9,830		234,740
			407,057
Newspapers - 0.05%
Lee Enterprises, Inc.	14,387		224,006
Office Furnishings & Supplies - 0.48%
Acco Brands Corp. *	16,780		376,543
Herman Miller, Inc.	19,559		530,831
IKON Office Solutions, Inc.	33,307		427,995
Knoll, Inc.	15,366		272,593

The accompanying notes are an integral part of the financial statements. 

313

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Office Furnishings & Supplies
(continued)
United Stationers, Inc. *	8,530	$	473,586
			2,081,548
Paper - 0.45%
Bowater, Inc. (a)	17,262		257,549
Buckeye Technologies, Inc. *	12,058		182,558
Chesapeake Corp.	7,335		62,054
Mercer International, Inc. *	9,716		91,816
Neenah Paper, Inc. (a)	4,691		155,225
P.H. Glatfelter Company	14,115		209,467
Potlatch Corp.	12,084		544,142
Rock-Tenn Company, Class A	10,694		309,057
Wausau-Mosinee Paper Corp.	14,065		156,825
			1,968,693
Petroleum Services - 2.03%
Atwood Oceanics, Inc. *	8,430		645,401
Basic Energy Services, Inc. *	12,830		269,686
Bronco Drilling Company, Inc. * (a)	8,300		122,840
Complete Production Services, Inc. *	13,291		272,200
Delek US Holdings, Inc.	3,655		91,667
Dril-Quip, Inc. *	8,196		404,473
Energy Infrastructure Acquisition Corp. * (a)	7,658		75,278
Exterran Holdings, Inc. *	18,625		1,496,332
Flotek Industries, Inc. * (a)	5,740		253,421
Grey Wolf, Inc. *	57,076		373,848
GulfMark Offshore, Inc. *	7,129		346,897
Hercules Offshore, Inc. * (a)	25,869		675,439
Hornbeck Offshore Services, Inc. *	7,111		260,974
ION Geophysical Corp. * (a)	22,030		304,675
Newpark Resources, Inc. *	28,216		151,238
PetroHawk Energy Corp. *	52,620		864,020
Petroleum Development Corp. *	4,719		209,288
Pioneer Drilling Company *	15,543		189,314
Rentech, Inc. * (a)	52,086		112,506
RPC, Inc. (a)	10,051		142,825
Superior Well Services, Inc. *	5,057		114,946
Trico Marine Services, Inc. *	3,820		113,836
W-H Energy Services, Inc. *	9,405		693,619
Willbros Group, Inc. *	8,228		279,752
World Fuel Services Corp.	8,945		365,045
			8,829,520
Pharmaceuticals - 2.33%
Adams Respiratory Therapeutics, Inc. * (a)	11,094		427,563
Akorn, Inc. * (a)	16,910		126,656
Alexion Pharmaceuticals, Inc. *	11,286		735,283
Alexza Pharmaceuticals, Inc. *	6,697		57,996
Alkermes, Inc. *	31,238		574,779
Allos Therapeutics, Inc. * (a)	13,796		65,531
Altus Pharmaceuticals, Inc. *	6,821		71,552
AMAG Pharmaceuticals, Inc. * (a)	4,416		252,595
American Oriental Bioengineering, Inc. * (a)	14,103		157,249

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Array BioPharma, Inc. *	14,801	$	166,215
Auxilium Pharmaceuticals, Inc. *	8,889		187,380
Beijing Med-Pharm Corp. * (a)	8,836		102,939
Bentley Pharmaceuticals, Inc. *	7,003		87,397
Bionovo, Inc. * (a)	15,267		58,778
Bradley Pharmaceuticals, Inc., Class A *	4,140		75,348
Cadence Pharmaceuticals, Inc. * (a)	5,343		74,802
Caraco Pharmaceutical Labs *	3,666		55,907
Cubist Pharmaceuticals, Inc. *	17,195		363,330
CytRx Corp. *	27,947		96,697
Encysive Pharmaceuticals, Inc. * (a)	20,195		30,495
Enzon Pharmaceuticals, Inc. * (a)	15,350		135,234
Idenix Pharmaceuticals, Inc. * (a)	8,586		24,814
Indevus Pharmaceuticals, Inc. * (a)	18,829		130,108
Isis Pharmaceuticals, Inc. * (a)	25,642		383,861
Javelin Pharmaceuticals, Inc. *	13,720		68,874
Ligand Pharmaceuticals, Inc., Class B *	28,165		150,401
Medicis Pharmaceutical Corp., Class A (a)	17,307		528,037
Minrad International, Inc. *	16,161		77,411
Nastech Pharmaceutical Company, Inc. * (a)	8,246		109,754
Noven Pharmaceuticals, Inc. * (a)	8,075		128,635
Onyx Pharmaceuticals, Inc. * (a)	14,641		637,176
OSI Pharmaceuticals, Inc. *	17,822		605,770
Par Pharmaceutical Companies, Inc. *	11,213		208,113
Penwest Pharmaceuticals Company *	7,825		86,153
PharMerica Corp. * (a)	3,399		50,709
Pharmion Corp. *	8,110		374,195
Poniard Pharmaceuticals, Inc. *	7,662		43,444
POZEN, Inc. *	8,006		88,546
Prestige Brands Holdings, Inc. *	10,808		118,672
Regeneron Pharmaceuticals, Inc. *	19,785		352,173
Rigel Pharmaceuticals, Inc. *	9,871		93,084
Salix Pharmaceuticals, Ltd. *	14,859		184,549
Santarus, Inc. * (a)	17,284		45,803
Sciele Pharma, Inc. * (a)	11,004		286,324
Somaxon Pharmaceuticals, Inc. *	3,408		34,659
Supergen, Inc. *	17,366		75,369
Trubion Pharmaceuticals Inc * (a)	2,901		35,189
United Therapeutics Corp. * (a)	6,413		426,721
Valeant Pharmaceuticals International *	29,606		458,301
Vanda Pharmaceuticals, Inc. *	8,299		115,439
ViroPharma, Inc. * (a)	21,717		193,281
XOMA, Ltd. * (a)	41,886		142,831
			10,162,122
Photography - 0.01%
CPI Corp.	1,687		64,983
Plastics - 0.06%
AEP Industries, Inc. *	2,274		96,281
Spartech Corp.	9,995		170,515
			266,796

The accompanying notes are an integral part of the financial statements. 

314

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pollution Control - 0.03%
Fuel Tech, Inc. * (a)	5,492	$	121,318
Publishing - 0.59%
American Greetings Corp., Class A	17,061		450,410
Consolidated Graphics, Inc. *	3,308		207,709
Courier Corp.	3,707		130,523
GateHouse Media, Inc. (a)	4,799		61,187
Martha Stewart Living
Omnimedia, Inc., Class A * (a)	8,570		99,841
Media General, Inc., Class A	6,988		192,240
Multi-Color Corp.	3,278		74,793
Playboy Enterprises, Inc., Class B *	7,708		82,784
PRIMEDIA, Inc. * (a)	13,889		195,004
Scholastic Corp. *	10,723		373,804
Sun-Times Media Group, Inc. *	21,101		47,899
Valassis Communications, Inc. * (a)	14,966		133,497
VistaPrint, Ltd. *	13,392		500,459
			2,550,150
Railroads & Equipment - 0.23%
Genesee & Wyoming, Inc., Class A *	11,016		317,702
Greenbrier Company, Inc. (a)	5,062		135,206
Wabtec Corp.	14,994		561,675
			1,014,583
Real Estate - 5.81%
Acadia Realty Trust, REIT	10,079		273,443
Alesco Financial, Inc., REIT (a)	17,710		87,133
Alexander's, Inc., REIT *	627		241,709
Alexandria Real Estate Equities, Inc., REIT	8,966		863,067
American Campus Communities, Inc., REIT	7,414		217,156
American Financial Realty Trust, REIT	40,136		323,095
American Home Mortgage Investment Corp.,
REIT (a)	15,169		5,461
Anthracite Capital, Inc., REIT (a)	19,478		177,250
Anworth Mortgage Asset Corp., REIT	15,080		81,281
Arbor Realty Trust, Inc., REIT	4,190		79,149
Ashford Hospitality Trust, Inc., REIT	33,009		331,741
Associated Estates Realty Corp., REIT	6,318		82,387
Avatar Holdings, Inc. * (a)	1,908		95,267
BioMed Realty Trust, Inc., REIT	20,199		486,796
Capital Lease Funding, Inc., REIT	14,377		147,364
Capital Trust, Inc., Class A, REIT (a)	4,385		155,668
CBRE Realty Finance Inc., REIT (a)	9,711		57,295
Cedar Shopping Centers, Inc., REIT	14,115		192,246
Corporate Office Properties Trust, REIT	11,985		498,936
Cousins Properties, Inc., REIT (a)	12,461		365,855
Crystal River Capital, Inc., REIT (a)	7,888		132,597
DCT Industrial Trust, Inc., REIT	51,859		542,964
Deerfield Triarc Capital Corp., REIT	16,290		147,425
DiamondRock Hospitality Company, REIT	29,288		509,904
Digital Realty Trust, Inc., REIT	16,392		645,681
EastGroup Properties, Inc., REIT	7,532		340,898
Education Realty Trust, Inc., REIT (a)	9,418		127,143

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Entertainment Properties Trust, REIT	8,280	$	420,624
Equity Inns, Inc., REIT	17,076		385,576
Equity Lifestyle Properties, Inc., REIT	6,356		329,241
Equity One, Inc., REIT	11,158		303,498
Extra Space Storage, Inc., REIT	20,098		309,308
FelCor Lodging Trust, Inc., REIT	19,334		385,327
First Industrial Realty Trust, Inc., REIT	13,935		541,654
First Potomac Realty Trust, REIT	8,135		177,343
Franklin Street Properties Corp., REIT (a)	18,504		319,194
Getty Realty Corp., REIT (a)	5,792		157,542
Glimcher Realty Trust, REIT (a)	11,892		279,462
GMH Communities Trust, REIT	10,748		83,297
Gramercy Captial Corp., REIT (a)	5,919		148,981
Grubb & Ellis Company *	5,802		53,959
Healthcare Realty Trust, Inc., REIT	14,737		392,888
Hersha Hospitality Trust, REIT	13,623		134,868
Highwoods Properties, Inc., REIT	17,446		639,745
Hilltop Holdings, Inc. *	14,692		172,484
Home Properties, Inc., REIT (a)	10,167		530,514
Impac Mortgage Holdings, Inc., REIT (a)	23,945		36,875
Inland Real Estate Corp., REIT	18,487		286,364
Investors Real Estate Trust, SBI, REIT (a)	16,958		183,146
Jer Investors Trust, Inc., REIT	8,686		108,141
Kite Realty Group Trust, REIT	6,885		129,438
LaSalle Hotel Properties, REIT	12,303		517,710
Lexington Corporate Property Trust, REIT (a)	20,442		409,044
LTC Properties, Inc., REIT	8,082		191,301
Luminent Mortgage Capital, Inc., REIT (a)	15,146		25,294
Maguire Properties, Inc., REIT	11,552		298,388
Medical Properties Trust, Inc., REIT (a)	15,716		209,337
Meruelo Maddux Properties, Inc. *	14,814		87,551
MFA Mortgage Investments, Inc., REIT	26,989		217,262
Mid-America Apartment Communities, Inc.,
REIT	7,932		395,410
Mission West Properties, Inc., REIT	7,816		94,964
National Health Investments, Inc., REIT	7,331		226,601
National Retail Properties, Inc., REIT	20,561		501,277
Nationwide Health Properties, Inc., REIT	27,426		826,345
Newcastle Investment Corp., REIT (a)	12,968		228,496
NorthStar Realty Finance Corp., REIT (a)	19,137		190,030
Novastar Financial, Inc. (a)	3,091		27,419
Omega Healthcare Investors, REIT	20,943		325,245
Parkway Properties, Inc., REIT	5,036		222,289
Pennsylvania Real Estate
Investment Trust, REIT	9,833		382,897
Post Properties, Inc., REIT (a)	13,276		513,781
PS Business Parks, Inc., REIT	4,978		282,999
RAIT Investment Trust, REIT (a)	19,610		161,390
Ramco-Gershenson Properties Trust, REIT	5,901		184,347
Realty Income Corp., REIT (a)	31,039		867,540
Redwood Trust, Inc., REIT (a)	6,510		216,262
Republic Property Trust, REIT	10,030		147,140

The accompanying notes are an integral part of the financial statements. 

315

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Resource Capital Corp., REIT (a)	7,499	$	84,439
Saul Centers, Inc., REIT	3,464		178,396
Senior Housing Properties Trust, REIT	25,888		571,089
Sovran Self Storage, Inc., REIT (a)	6,511		298,464
Strategic Hotel Cap, Inc., REIT	22,913		471,779
Sun Communities, Inc., REIT	5,569		167,516
Sunstone Hotel Investors, Inc., REIT	19,301		494,878
Tanger Factory Outlet Centers, Inc., REIT	9,710		394,129
Thomas Properties Group, Inc.	8,312		99,744
Universal Health Realty Income Trust, REIT	4,626		164,362
Urstadt Biddle Properties, Inc., REIT	8,388		129,762
U-Store-It Trust, REIT	14,540		191,928
Washington Real Estate Investment Trust,
REIT	13,922		461,932
Winthrop Realty Trust, REIT (a)	18,069		121,604
			25,298,721
Retail Grocery - 0.39%
Ingles Markets, Inc.	4,104		117,621
Nash Finch Company (a)	4,262		169,755
Pathmark Stores, Inc. *	10,611		135,290
PriceSmart, Inc. *	4,355		102,778
Ruddick Corp.	12,981		435,383
The Great Atlantic & Pacific Tea Company,
Inc. * (a)	6,098		185,745
United Natural Foods, Inc. *	13,475		366,790
Weis Markets, Inc.	4,177		178,316
			1,691,678
Retail Trade - 3.14%
99 Cents Only Stores *	14,556		149,490
A.C. Moore Arts & Crafts, Inc. *	6,648		104,772
Aaron Rents, Inc., Class B	14,685		327,475
Aeropostale, Inc. *	24,096		459,270
Big 5 Sporting Goods Corp.	7,401		138,399
Bon-Ton Stores, Inc. (a)	3,257		73,999
Books-A-Million, Inc.	5,095		67,407
Borders Group, Inc. (a)	18,158		242,046
Build A Bear Workshop, Inc. *	4,997		88,747
Building Materials Holding Corp. (a)	9,788		103,557
Cabela's, Inc. * (a)	12,147		287,276
Cache, Inc. *	4,367		77,951
Casey's General Stores, Inc.	15,953		441,898
Cash America International, Inc.	9,311		350,094
Casual Male Retail Group, Inc. * (a)	11,740		105,190
Cato Corp., Class A	9,606		196,347
Charlotte Russe Holding, Inc. *	7,998		117,091
Charming Shoppes, Inc. *	38,632		324,509
Children's Place Retail Stores, Inc. *	7,006		170,106
Christopher & Banks Corp. (a)	11,431		138,544
Citi Trends, Inc. *	4,410		95,962
Collective Brands, Inc. *	20,244		446,583
Conn's, Inc. * (a)	3,897		93,099

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
CSS Industries, Inc.	2,634	$	94,745
DSW, Inc., Class A *	5,137		129,298
Eddie Bauer Holdings, Inc. *	9,798		84,263
Finish Line, Inc.	13,716		59,527
First Cash Financial Services, Inc. *	8,330		195,089
Fossil, Inc. *	13,602		508,171
Fred's, Inc., Class A	12,884		135,668
FTD Group, Inc.	6,459		96,110
Gaiam, Inc., Class A *	5,903		141,849
Genesco, Inc. *	7,059		325,632
Guitar Center, Inc. *	9,192		545,085
Haverty Furniture Companies, Inc.	8,020		70,335
Hibbett Sports, Inc. *	10,008		248,198
Hot Topic, Inc. *	14,115		105,298
J. Crew Group, Inc. *	12,129		503,353
Jo-Ann Stores, Inc. *	7,790		164,369
Kenneth Cole Productions, Inc., Class A	3,553		68,822
Longs Drug Stores Corp.	10,210		507,131
Marinemax, Inc. * (a)	5,646		82,206
New York & Company, Inc. *	7,367		44,939
NexCen Brands, Inc. *	13,345		89,678
Pacific Sunwear of California, Inc. *	21,872		323,706
Pantry, Inc. *	7,210		184,792
Pier 1 Imports, Inc. * (a)	27,791		131,451
Regis Corp.	13,740		438,443
Rent-A-Center, Inc. *	21,935		397,681
Retail Ventures, Inc. *	8,787		91,473
School Specialty, Inc. *	6,738		233,337
Shoe Carnival, Inc. *	3,140		49,549
Sonic Automotive, Inc.	9,704		232,314
Spectrum Brands, Inc. * (a)	12,707		73,701
Stein Mart, Inc.	8,443		64,251
Systemax, Inc. * (a)	3,372		68,924
Talbots, Inc. (a)	7,535		135,630
The Buckle, Inc.	4,424		167,846
The Dress Barn, Inc. *	14,708		250,183
The Men's Wearhouse, Inc.	16,834		850,454
The Wet Seal, Inc., Class A *	26,741		103,488
Tuesday Morning Corp. (a)	10,230		91,968
Tween Brands, Inc. *	9,552		313,688
ValueVision Media, Inc., Class A *	9,889		73,277
Zale Corp. *	15,248		352,839
Zumiez, Inc. * (a)	5,381		238,755
			13,667,328
Sanitary Services - 0.26%
Casella Waste Systems, Inc., Class A *	8,032		100,721
Darling International, Inc. *	25,491		252,106
Insituform Technologies, Inc., Class A * (a)	8,750		133,262
Waste Connections, Inc. *	20,997		666,865
			1,152,954

The accompanying notes are an integral part of the financial statements. 

316

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors - 3.09%
Actel Corp. *	8,966	$	96,205
Advanced Analogic Technologies, Inc. *	12,197		129,776
Advanced Energy Industries, Inc. *	11,122		167,942
American Superconductor Corp. * (a)	10,996		225,198
Amis Holdings, Inc. *	20,686		200,861
Amkor Technology, Inc. *	32,482		374,193
Applied Micro Circuits Corp. *	87,502		276,506
Asyst Technologies, Inc. *	16,871		89,248
ATMI, Inc. *	10,747		319,723
Axcelis Technologies, Inc. *	31,766		162,324
Brooks Automation, Inc. *	23,543		335,252
Cabot Microelectronics Corp. * (a)	7,394		316,094
Cirrus Logic, Inc. *	27,548		176,307
Conexant Systems, Inc. *	152,653		183,184
Credence Systems Corp. *	31,357		96,893
Cymer, Inc. *	11,106		426,359
Diodes, Inc. * (a)	9,351		300,167
DSP Group, Inc. *	8,969		141,979
Emulex Corp. *	26,432		506,701
Entegris, Inc. * (a)	41,847		363,232
Exar Corp. *	11,778		153,821
FormFactor, Inc. *	14,780		655,789
Genesis Microchip, Inc. *	12,036		94,362
Hittite Microwave Corp. *	5,106		225,430
IXYS Corp. *	9,863		102,871
Kulicke & Soffa Industries, Inc. * (a)	18,240		154,675
Lattice Semiconductor Corp. *	35,921		161,285
LTX Corp. *	19,736		70,458
Mattson Technology, Inc. *	16,735		144,758
Micrel, Inc.	17,379		187,693
Microsemi Corp. * (a)	23,711		661,063
Microtune, Inc. *	17,411		104,814
MIPS Technologies, Inc., Class A *	15,026		118,705
MKS Instruments, Inc. *	15,651		297,682
Monolithic Power Systems, Inc. *	7,330		186,182
Netlogic Microsystems, Inc. * (a)	5,420		195,716
OmniVision Technologies, Inc. * (a)	17,082		388,274
ON Semiconductor Corp. *	75,459		947,765
Pericom Semiconductor Corp. *	9,672		113,356
Photronics, Inc. *	13,073		149,163
PLX Technology, Inc. *	9,453		102,092
PMC-Sierra, Inc. * (a)	66,179		555,242
Rudolph Technologies, Inc. *	9,213		127,416
Semitool, Inc. * (a)	7,671		74,409
Semtech Corp. *	22,486		460,513
Silicon Image, Inc. *	27,231		140,240
Skyworks Solutions, Inc. *	49,623		448,592
Spansion, Inc. * (a)	27,687		233,955
Techwell, Inc. *	5,051		53,642
Tessera Technologies, Inc. *	14,839		556,463
Triquint Semiconductor, Inc. *	43,468		213,428
Ultra Clean Holdings, Inc. *	6,295		92,536

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Ultratech, Inc. *	8,322	$	115,343
Veeco Instruments, Inc. *	10,244		198,529
Volterra Semiconductor Corp. * (a)	6,647		81,625
			13,456,031
Software - 3.29%
ACI Worldwide, Inc. *	11,669		260,802
Actuate Corp. *	19,890		128,291
Advent Software, Inc. *	5,917		277,921
Allscripts Healthcare Solution, Inc. * (a)	17,206		465,078
American Reprographics Company *	9,251		173,179
Ansoft Corp. *	5,634		185,809
ANSYS, Inc. *	24,198		826,846
AsiaInfo Holdings, Inc. *	10,359		93,853
Aspen Technology, Inc. *	27,595		395,160
Avid Technology, Inc. * (a)	12,831		347,463
Blackbaud, Inc.	13,806		348,463
Blackboard, Inc. *	8,866		406,417
Borland Software Corp. * (a)	23,974		104,287
Bottomline Technologies, Inc. *	7,539		94,464
CIBER, Inc. *	17,403		135,917
Commvault Systems, Inc. *	11,295		209,183
Concur Technologies, Inc. *	11,939		376,317
DivX, Inc. * (a)	7,374		109,651
Eclipsys Corp. *	14,469		337,417
Epicor Software Corp. *	18,440		253,919
EPIQ Systems, Inc. *	8,602		161,890
FARO Technologies, Inc. *	4,680		206,622
i2 Technologies, Inc. * (a)	4,998		76,220
Igate Corp. *	7,489		64,181
InfoUSA, Inc.	10,559		98,093
Innerworkings, Inc. * (a)	7,505		129,311
Interactive Intelligence, Inc. *	4,326		82,194
iPass, Inc. * (a)	16,747		70,337
JDA Software Group, Inc. *	8,304		171,561
Lawson Software, Inc. *	40,630		406,706
Macrovision Corp. *	16,583		408,439
Magma Design Automation, Inc. *	12,250		172,358
Manhattan Associates, Inc. *	8,556		234,520
ManTech International Corp. *	6,092		219,190
MicroStrategy, Inc., Class A *	3,001		238,099
MSC Software Corp. *	14,125		192,383
Nuance Communications, Inc. * (a)	41,025		792,193
Omnicell, Inc. *	10,579		301,925
Omniture, Inc. * (a)	8,799		266,786
OpenTV Corp., Class A * (a)	32,395		47,945
Packeteer, Inc. * (a)	11,849		90,052
PDF Solutions, Inc. *	8,142		80,443
Progress Software Corp. *	12,950		392,385
Quality Systems, Inc.	5,548		203,223
Secure Computing Corp. *	14,892		144,899
Smith Micro Software, Inc. * (a)	9,409		151,109

The accompanying notes are an integral part of the financial statements. 

317

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software (continued)
Solera Holdings, Inc. *	8,217	$	147,824
SPSS, Inc. *	5,793		238,324
Sybase, Inc. *	28,373		656,267
Synchronoss Technologies, Inc. * (a)	5,797		243,822
Take-Two Interactive Software, Inc. * (a)	22,699		387,699
Taleo Corp. *	4,978		126,491
THQ, Inc. *	20,797		519,509
Tradestation Group, Inc. *	8,886		103,700
TriZetto Group, Inc. *	14,483		253,597
Ultimate Software Group, Inc. *	8,210		286,529
Unica Corp. *	3,467		38,934
Visual Sciences, Inc. *	6,270		90,539
Websense, Inc. *	14,131		278,805
			14,305,541
Steel - 0.36%
Northwest Pipe Company *	3,185		120,456
Olympic Steel, Inc.	3,042		82,621
Ryerson, Inc.	8,250		278,355
Schnitzer Steel Industries, Inc.	6,796		498,079
Wheeling-Pittsburgh Corp. *	3,796		73,263
Worthington Industries, Inc. (a)	21,437		505,056
			1,557,830
Telecommunications Equipment &
Services - 2.64%
ADTRAN, Inc. (a)	18,085		416,498
Alaska Communications Systems Group, Inc.	13,645		197,170
Andrew Corp. *	48,009		664,925
Arris Group, Inc. *	33,800		417,430
Aruba Networks, Inc. *	2,486		49,720
Atheros Communications, Inc. *	17,261		517,312
C-COR, Inc. *	15,549		178,658
Comtech Telecommunications Corp. *	7,176		383,844
Consolidated Communications Holdings, Inc.	6,661		130,622
Ditech Networks, Inc. *	11,647		61,380
Fairpoint Communications, Inc.	11,323		213,552
FiberTower Corp. *	32,018		122,949
Finisar Corp. * (a)	83,170		232,876
General Communication, Inc., Class A *	16,997		206,344
GeoEye, Inc. *	5,874		151,255
Global Crossing, Ltd. * (a)	7,510		158,311
Golden Telecom, Inc. (a)	4,850		390,376
Harmonic, Inc. *	24,896		264,147
Harris Stratex Networks, Inc., Class A *	8,191		143,097
Hughes Communications, Inc. *	2,054		106,500
iBasis, Inc. *	10,905		117,229
ICO Global Communications Holdings, Ltd. * (a)	32,351		112,581
InterDigital, Inc. *	14,553		302,411
Iowa Telecommunications Services, Inc.	10,152		201,517
J2 Global Communications, Inc. *	15,273		499,885
Loral Space & Communications, Inc. *	3,608		143,418
Mastec, Inc. *	13,659		192,182

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services (continued)
MRV Communications, Inc. * (a)	42,227	$	104,723
Network Equipment Technologies, Inc. *	8,722		126,469
Nextwave Wireless, Inc. * (a)	8,349		47,756
NTELOS Holdings Corp.	8,663		255,212
Oplink Communications, Inc. *	7,159		97,792
OpNext, Inc. *	5,817		67,477
Optium Corp. * (a)	4,096		42,516
Orbcomm, Inc. * (a)	8,188		61,656
PAETEC Holding Corp. *	21,969		273,953
Plantronics, Inc.	14,853		424,053
Polycom, Inc. *	28,367		761,938
Powerwave Technologies, Inc. *	40,386		248,778
Premiere Global Services, Inc. *	21,921		277,301
RCN Corp. * (a)	9,665		118,879
SAVVIS, Inc. *	8,542		331,259
Shenandoah Telecommunications Company (a)	8,664		188,529
Sirenza Microdevices, Inc. *	12,373		213,929
Sonus Networks, Inc. *	78,273		477,465
SureWest Communications	4,811		120,323
Symmetricom, Inc. *	14,875		69,913
Tekelec, Inc. *	18,662		225,810
UTStarcom, Inc. * (a)	32,842		120,202
Viasat, Inc. *	7,426		228,944
Vonage Holdings Corp. * (a)	20,193		20,799
			11,481,865
Telephone - 0.25%
Atlantic Tele-Network, Inc.	3,143		114,248
Cbeyond Communications, Inc. *	6,437		262,565
Centennial Communications Corp., Class A *	8,103		82,002
Cincinnati Bell, Inc. *	77,012		380,439
IDT Corp. (a)	15,047		125,944
North Pittsburgh Systems, Inc.	5,020		119,275
			1,084,473
Tires & Rubber - 0.15%
Cooper Tire & Rubber Company	19,151		467,284
Myers Indiana, Inc.	8,817		174,753
			642,037
Tobacco - 0.22%
Alliance One International, Inc. *	29,937		195,788
Schweitzer Mauduit International, Inc.	5,133		119,599
Universal Corp.	8,327		407,607
Vector Group, Ltd.	9,851		220,763
			943,757
Toys, Amusements & Sporting Goods - 0.17%
Jakks Pacific, Inc. *	8,834		235,956
Marvel Entertainment, Inc. *	16,807		393,956
Russ Berrie & Company, Inc. *	5,738		96,399
			726,311

The accompanying notes are an integral part of the financial statements. 

318

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Transportation - 0.95%
American Commercial Lines, Inc. * (a)		19,318	$	458,416
Arlington Tankers, Ltd. (a)		4,889		120,416
Atlas Air Worldwide Holdings, Inc. *		4,201		216,898
Bristow Group, Inc. * (a)		6,228		272,226
Double Hull Tankers, Inc.		7,580		112,866
Dynamex, Inc. *		4,267		109,321
Eagle Bulk Shipping, Inc. (a)		13,104		337,297
Genco Shipping & Trading, Ltd. (a)		5,577		365,461
General Maritime Corp. (a)		8,828		246,389
Golar LNG, Ltd. (a)		10,927		243,891
Horizon Lines, Inc.		10,584		323,129
Knightsbridge Tankers, Ltd. (a)		5,621		151,205
Marten Transport, Ltd. *		5,165		79,593
Nordic American Tanker Shipping, Ltd. (a)		8,341		327,301
Pacer International, Inc.		11,550		220,027
PHI, Inc. *		4,728		142,502
Saia, Inc. *		4,718		77,989
Ship Finance International, Ltd. (a)		9,698		254,766
Ultrapetrol Bahamas Ltd. *		4,812		79,927
				4,139,620
Travel Services - 0.07%
Ambassadors Group, Inc.		5,076		193,395
Orbitz Worldwide, Inc. *		10,403		117,450
				310,845
Trucking & Freight - 0.49%
Arkansas Best Corp.		7,043		230,024
Celadon Group, Inc. *		8,145		95,867
Forward Air Corp.		9,462		281,778
Heartland Express, Inc.		18,030		257,468
Hub Group, Inc., Class A *		12,101		363,393
Knight Transportation, Inc. (a)		17,686		304,376
Old Dominion Freight Lines, Inc. *		9,312		223,209
Wabash National Corp. (a)		9,804		110,687
Werner Enterprises, Inc.		14,378		246,583
				2,113,385
Utility Service - 0.09%
Consolidated Water Co., Ltd. (a)		5,006		150,280
ENGlobal Corp. * (a)		5,501		62,766
SJW Corp. (a)		4,927		168,208
				381,254
TOTAL COMMON STOCKS (Cost $365,162,890)			$	424,836,635
RIGHTS - 0.00%
Auto Parts - 0.00%
Exide Technologies (Expiration date
09/28/2007, Strike Price USD 6.55) * (a)		19,297		0
TOTAL RIGHTS (Cost $0)			$	0
SHORT TERM INVESTMENTS - 24.73%
Dresdner U.S. Finance, Inc.
zero coupon due 10/01/2007	$	8,431,000	$	8,431,000

Small Cap Index Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
John Hancock Cash Investment Trust (c)	$	98,406,809	$	98,406,809
U.S. Treasury Bill
zero coupon due 10/18/2007		800,000		798,179
TOTAL SHORT TERM INVESTMENTS
(Cost $107,635,988)			$	107,635,988
Total Investments (Small Cap Index Trust)
(Cost $472,887,346) - 122.36%			$	532,561,523
Liabilities in Excess of Other Assets - (22.36)%				(97,326,306)
TOTAL NET ASSETS - 100.00%			$	435,235,217
Small Cap Opportunities Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.19%
Aluminum - 0.82%
Century Aluminum Company *		66,042	$	3,477,111
Apparel & Textiles - 2.18%
Interface, Inc., Class A		188,500		3,402,425
Wolverine World Wide, Inc.		213,286		5,844,036
				9,246,461
Auto Parts - 1.95%
BorgWarner, Inc.		44,790		4,099,629
Noble International, Ltd. (a)		197,498		4,204,732
				8,304,361
Automobiles - 2.35%
Penske Auto Group, Inc. (a)		241,746		4,892,939
Rush Enterprises, Inc., Class A *		31,672		802,885
Rush Enterprises, Inc., Class B *		180,476		4,306,158
				10,001,982
Banking - 6.20%
Bank of the Ozarks, Inc. (a)		104,980		3,205,039
Columbia Banking System, Inc.		32,200		1,024,604
First Midwest BanCorp, Inc., Illinois		71,600		2,445,856
Glacier Bancorp, Inc.		74,800		1,684,496
IBERIABANK Corp.		57,700		3,037,905
Mercantile Bank Corp.		21,070		452,162
Silver State Bancorp *		109,320		1,862,813
Sterling Financial Corp., Spokane		120,300		3,237,273
SVB Financial Group *		58,900		2,789,504
UCBH Holdings, Inc.		143,200		2,503,136
Virginia Commerce Bancorp, Inc. * (a)		131,000		1,878,540
Wintrust Financial Corp. (a)		51,700		2,207,073
				26,328,401
Biotechnology - 0.70%
Techne Corp. *		47,400		2,989,992
Building Materials & Construction - 1.37%
Builders FirstSource, Inc. *		95,326		1,027,614

The accompanying notes are an integral part of the financial statements. 

319

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Building Materials & Construction
(continued)
Drew Industries, Inc. *	117,306	$	4,772,008
			5,799,622
Business Services - 0.05%
Bright Horizons Family Solutions, Inc. *	5,000		214,200
Computers & Business Equipment - 2.98%
CACI International, Inc., Class A *	49,833		2,545,968
Digi International, Inc. *	268,484		3,823,212
NETGEAR, Inc. *	206,852		6,292,438
			12,661,618
Construction & Mining Equipment - 0.94%
Pason Systems, Inc.	268,028		4,003,671
Crude Petroleum & Natural Gas - 0.85%
Carrizo Oil & Gas, Inc. * (a)	80,500		3,611,230
Domestic Oil - 0.94%
Oil States International, Inc. *	82,934		4,005,712
Drugs & Health Care - 2.22%
Qiagen NV * (a)	227,200		4,409,952
West Pharmaceutical Services, Inc.	120,100		5,003,366
			9,413,318
Electrical Equipment - 4.78%
AMETEK, Inc.	199,432		8,619,451
Anixter International, Inc. *	79,700		6,571,265
FLIR Systems, Inc. *	92,200		5,106,958
			20,297,674
Electrical Utilities - 1.10%
Allete, Inc. (a)	47,825		2,140,647
ITC Holdings Corp.	51,100		2,532,005
			4,672,652
Electronics - 0.54%
TTM Technologies, Inc. *	197,568		2,285,862
Energy - 0.70%
New Jersey Resources Corp.	59,655		2,958,292
Financial Services - 3.46%
Affiliated Managers Group, Inc. * (a)	68,380		8,719,134
Delphi Financial Group, Inc.	49,200		1,988,664
FBR Capital Markets Corp. *	97,200		1,251,936
RAM Holdings, Ltd. *	69,100		642,630
World Acceptance Corp. *	63,600		2,103,888
			14,706,252
Food & Beverages - 1.12%
Flowers Foods, Inc.	218,700		4,767,660
Gas & Pipeline Utilities - 1.04%
South Jersey Industries, Inc.	127,400		4,433,520
Healthcare Products - 2.72%
Orthofix International NV *	46,006		2,252,914
Polymedica Corp.	99,584		5,230,152

Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Respironics, Inc. *	84,674	$	4,066,892
			11,549,958
Homebuilders - 0.46%
Ryland Group, Inc.	91,188		1,954,159
Household Products - 1.79%
Tempur-Pedic International, Inc. (a)	212,352		7,591,584
Industrial Machinery - 2.58%
Actuant Corp., Class A	114,068		7,410,998
Middleby Corp. *	55,228		3,564,415
			10,975,413
Insurance - 3.53%
Aspen Insurance Holdings, Ltd.	161,390		4,504,395
Assured Guaranty, Ltd.	68,147		1,851,554
Max Re Capital, Ltd.	82,600		2,316,104
Meadowbrook Insurance Group, Inc. *	238,835		2,151,903
Tower Group, Inc.	81,100		2,123,198
Zenith National Insurance Corp.	46,000		2,064,940
			15,012,094
Internet Software - 1.00%
DealerTrack Holdings, Inc. *	54,900		2,299,212
Digital River, Inc. *	43,400		1,942,150
			4,241,362
Investment Companies - 2.11%
KKR Financial Holdings LLC	530,971		8,946,861
Leisure Time - 1.74%
Penn National Gaming, Inc. *	125,151		7,386,412
Manufacturing - 8.83%
Carlisle Companies, Inc.	167,640		8,147,304
Ceradyne, Inc. *	109,163		8,268,006
General Cable Corp. *	110,400		7,410,048
Koppers Holdings, Inc.	139,500		5,386,095
Spartan Motors, Inc. (a)	493,064		8,298,267
			37,509,720
Medical-Hospitals - 0.34%
VCA Antech, Inc. *	34,432		1,437,536
Metal & Metal Products - 4.93%
A. M. Castle & Company	111,200		3,625,120
Haynes International, Inc. *	32,600		2,783,062
Horsehead Holding Corp. *	194,900		4,369,658
Quanex Corp.	75,100		3,528,198
RBC Bearings, Inc. *	61,000		2,339,350
Reliance Steel & Aluminum Company	76,316		4,314,907
			20,960,295
Mining - 1.33%
AMCOL International Corp. (a)	171,265		5,667,159
Petroleum Services - 0.97%
Core Laboratories N.V. *	32,234		4,106,289

The accompanying notes are an integral part of the financial statements. 

320

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate - 11.93%
Anthracite Capital, Inc., REIT (a)	142,044	$	1,292,600
Ashford Hospitality Trust, Inc., REIT	588,586		5,915,289
BioMed Realty Trust, Inc., REIT	76,400		1,841,240
Capstead Mortage Corp., REIT	1,100		11,308
Corporate Office Properties Trust, REIT	177,103		7,372,798
Equity One, Inc., REIT	175,882		4,783,991
FBR Capital Markets Corp., REIT *	162,200		2,113,482
Gramercy Captial Corp., REIT (a)	209,596		5,275,531
Jer Investors Trust, Inc., REIT	338,477		4,214,039
LaSalle Hotel Properties, REIT	144,020		6,060,362
Newcastle Investment Corp., REIT (a)	334,660		5,896,709
NorthStar Realty Finance Corp., REIT (a)	192,900		1,915,497
RAIT Investment Trust, REIT (a)	486,015		3,999,904
			50,692,750
Retail Grocery - 1.17%
Ruddick Corp.	62,929		2,110,639
United Natural Foods, Inc. *	105,755		2,878,651
			4,989,290
Retail Trade - 4.08%
Cabela's, Inc. * (a)	225,860		5,341,589
Cash America International, Inc.	62,600		2,353,760
First Cash Financial Services, Inc. *	223,428		5,232,684
Hibbett Sports, Inc. *	66,500		1,649,200
Sonic Automotive, Inc.	115,000		2,753,100
			17,330,333
Semiconductors - 3.51%
Diodes, Inc. * (a)	368,854		11,840,197
Silicon Motion Technology Corp., ADR * (a)	135,600		3,052,356
			14,892,553
Telecommunications Equipment &
Services - 2.38%
Comtech Telecommunications Corp. *	59,700		3,193,353
DataPath, Inc. *	188,000		940,000
J2 Global Communications, Inc. *	182,100		5,960,133
			10,093,486
Transportation - 0.43%
Kirby Corp. *	40,900		1,805,326
Travel Services - 0.61%
Ambassadors Group, Inc.	67,900		2,586,990
Trucking & Freight - 3.46%
Landstar Systems, Inc.	123,987		5,203,734
Old Dominion Freight Lines, Inc. *	85,770		2,055,907
Oshkosh Truck Corp.	119,866		7,428,096
			14,687,737
TOTAL COMMON STOCKS (Cost $345,204,893)		$	408,596,898

Small Cap Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 15.96%
John Hancock Cash Investment Trust (c)	$	67,812,574	$	67,812,574
TOTAL SHORT TERM INVESTMENTS
(Cost $67,812,574)			$	67,812,574
REPURCHASE AGREEMENTS - 2.14%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$9,102,109 on 10/01/2007,
collateralized by $9,115,000
Federal Home Loan Mortgage
Corp., 5.55% due 06/13/2009
(valued at $9,285,906, including
interest)	$	9,099,000	$	9,099,000
TOTAL REPURCHASE AGREEMENTS
(Cost $9,099,000)			$	9,099,000
Total Investments (Small Cap Opportunities Trust)
(Cost $422,116,467) - 114.29%			$	485,508,472
Liabilities in Excess of Other Assets - (14.29)%				(60,711,754)
TOTAL NET ASSETS - 100.00%			$	424,796,718
Small Cap Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.22%
Advertising - 3.61%
inVentiv Health, Inc. *		124,100 $		5,438,062
Apparel & Textiles - 3.60%
G-III Apparel Group, Ltd. *		211,000		4,154,590
Hartmarx Corp. *		258,300		1,265,670
				5,420,260
Auto Parts - 4.33%
Fuel Systems Solutions, Inc. *		89,500		1,598,470
LKQ Corp. *		141,100		4,911,691
				6,510,161
Banking - 5.99%
Boston Private Financial Holdings, Inc. (a)		77,500		2,157,600
First Community Bancorp (a)		65,400		3,578,034
SVB Financial Group *		69,100		3,272,576
				9,008,210
Business Services - 3.64%
Kendle International, Inc. * (a)		131,900		5,477,807
Chemicals - 5.81%
Arch Chemicals, Inc.		75,500		3,539,440
H.B. Fuller Company		106,000		3,146,080
ICO, Inc. *		146,000		2,055,680
				8,741,200
Computers & Business Equipment - 2.05%
Radiant Systems, Inc. *		194,800		3,083,684

The accompanying notes are an integral part of the financial statements. 

321

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cosmetics & Toiletries - 1.60%
Intermediate Parfums, Inc.	101,700	$	2,407,239
Crude Petroleum & Natural Gas - 2.19%
Goodrich Petroleum Corp. * (a)	103,900		3,293,630
Domestic Oil - 1.82%
Mariner Energy, Inc. *	132,500		2,744,075
Electronics - 4.07%
Daktronics, Inc. (a)	224,800		6,119,056
Energy - 1.39%
PowerSecure International, Inc. * (a)	167,900		2,092,034
Financial Services - 3.27%
FBR Capital Markets Corp. *	140,300		1,807,064
SWS Group, Inc.	176,000		3,113,440
			4,920,504
Healthcare Products - 12.73%
Cantel Medical Corp. *	187,400		2,925,314
Hologic, Inc. * (a)	41,100		2,507,100
Home Diagnostics, Inc. *	66,700		638,986
Inverness Medical Innovations, Inc. * (a)	113,200		6,262,224
SurModics, Inc. * (a)	39,700		1,945,697
Symmetry Medical, Inc. *	292,000		4,876,400
			19,155,721
Healthcare Services - 5.77%
Air Methods Corp. *	105,400		4,869,480
Nighthawk Radiology Holdings, Inc. * (a)	155,500		3,811,305
			8,680,785
Industrial Machinery - 5.40%
Chart Industries, Inc. *	173,800		5,589,408
Flow International Corp. *	286,700		2,528,694
			8,118,102
Insurance - 6.62%
First Mercury Financial Corp. *	143,300		3,082,383
National Interstate Corp.	111,700		3,439,243
Philadelphia Consolidated Holding Corp. *	83,000		3,431,220
			9,952,846
Internet Content - 2.07%
TheStreet.com, Inc.	257,100		3,113,481
Internet Software - 0.83%
Lionbridge Technologies, Inc. *	313,400		1,250,466
Investment Companies - 1.00%
iShares Russell 2000 Index Fund (a)	18,700		1,496,748
Leisure Time - 3.70%
Gaylord Entertainment Company *	104,700		5,572,134
Publishing - 0.90%
Courier Corp.	38,500		1,355,585
Railroads & Equipment - 2.10%
Genesee & Wyoming, Inc., Class A *	109,600		3,160,864
Retail Trade - 6.52%
Christopher & Banks Corp.	257,000		3,114,840

Small Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Gaiam, Inc., Class A *		123,400	$	2,965,302
Tractor Supply Company * (a)		81,000		3,733,290
				9,813,432
Software - 5.36%
ACI Worldwide, Inc. *		161,200		3,602,820
Secure Computing Corp. *		458,300		4,459,259
				8,062,079
Transportation - 1.85%
Pacer International, Inc.		145,900		2,779,395
TOTAL COMMON STOCKS (Cost $133,739,874)			$	147,767,560
SHORT TERM INVESTMENTS - 17.62%
John Hancock Cash Investment Trust (c)	$	26,514,723	$	26,514,723
TOTAL SHORT TERM INVESTMENTS
(Cost $26,514,723)			$	26,514,723
REPURCHASE AGREEMENTS - 1.37%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$2,054,702 on 10/01/2007,
collateralized by $2,070,000
Federal National Mortgage
Association, 6.00% due
08/22/2016 (valued at $2,098,463,
including interest)	$	2,054,000	$	2,054,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,054,000)			$	2,054,000
Total Investments (Small Cap Trust)
(Cost $162,308,597) - 117.21%			$	176,336,283
Liabilities in Excess of Other Assets - (17.21)%				(25,893,086)
TOTAL NET ASSETS - 100.00%			$	150,443,197
Small Cap Intrinsic Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.14%
Air Travel - 3.94%
Continental Airlines, Inc., Class B *		111,300	$	3,676,239
Pinnacle Airline Corp. *		141,350		2,264,427
				5,940,666
Apparel & Textiles - 1.44%
Prime Success International Group, Ltd.		2,676,785		2,170,576
Auto Services - 2.74%
Dollar Thrifty Automotive Group, Inc. *		119,000		4,128,110
Automobiles - 1.95%
Group 1 Automotive, Inc.		87,800		2,947,446

The accompanying notes are an integral part of the financial statements. 

322

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Intrinsic Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking - 2.63%
Brookline Bancorp, Inc.	220,650	$	2,557,333
Northeast Community Bancorp, Inc. *	130,000		1,417,000
			3,974,333
Building Materials & Construction - 2.44%
KBR, Inc. *	95,000		3,683,150
Business Services - 6.01%
Aldabra 2 Acquisition Corp. *	536,580		5,768,235
Shermen WSC Acquisition Corp. *	516,377		3,304,813
			9,073,048
Chemicals - 0.32%
Omnova Solutions, Inc. *	83,300		481,474
Coal - 1.16%
Massey Energy Company	80,450		1,755,419
Commercial Services - 3.80%
Wright Express Corp. *	157,000		5,728,930
Computers & Business Equipment - 4.88%
3Com Corp. *	1,202,200		5,938,868
Brocade Communications Systems, Inc. *	167,250		1,431,660
			7,370,528
Cosmetics & Toiletries - 2.92%
Nu Skin Enterprises, Inc., Class A	272,300		4,400,368
Crude Petroleum & Natural Gas - 5.35%
Plains Exploration & Production Company *	100,000		4,422,000
Toreador Resources Corp. *	25,363		300,044
TXCO Resources, Inc. *	375,000		3,360,000
			8,082,044
Domestic Oil - 2.85%
Delta Petroleum Corp. *	41,500		744,925
Warren Resources, Inc. *	284,100		3,562,614
			4,307,539
Electrical Utilities - 2.58%
British Energy Group PLC	357,843		3,899,264
Energy - 1.57%
Synenco Energy, Inc. *	210,277		2,370,537
Financial Services - 2.99%
Nasdaq Stock Market, Inc. *	78,433		2,955,356
Pinetree Capital, Ltd. *	233,953		1,561,800
			4,517,156
Food & Beverages - 8.85%
Diamond Foods, Inc.	257,150		5,312,719
Sadia SA, SADR *	44,211		2,462,553
Seaboard Corp.	2,844		5,574,240
			13,349,512
Gas & Pipeline Utilities - 2.01%
Aquila, Inc. *	756,900		3,035,169
Healthcare Services - 1.25%
Anesiva, Inc. *	189,800		1,089,452

Small Cap Intrinsic Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services (continued)
Flamel Technologies *	88,188	$	792,810
			1,882,262
Holdings Companies/Conglomerates - 2.08%
PICO Holdings, Inc. *	75,650		3,143,258
Insurance - 3.88%
Zenith National Insurance Corp.	130,314		5,849,795
Internet Content - 3.29%
The Knot, Inc. *	233,250		4,958,895
Internet Software - 2.04%
RealNetworks, Inc. *	454,800		3,083,544
Medical-Hospitals - 1.16%
NMT Medical, Inc. *	220,345		1,756,150
Metal & Metal Products - 1.99%
Anvil Mining, Ltd. *	113,946		1,978,885
FNX Mining Company, Inc. *	30,944		1,025,409
			3,004,294
Mining - 3.50%
Apex Silver Mines, Ltd. *	41,450		806,202
Fortune Minerals, Ltd. *	328,380		784,565
Miramar Mining Corp. *	777,300		3,684,402
			5,275,169
Pharmaceuticals - 1.16%
Nastech Pharmaceutical Company, Inc. *	131,155		1,745,673
Retail Trade - 4.43%
Carrols Restaurant Group, Inc. *	384,531		4,306,747
Cato Corp., Class A	116,317		2,377,520
			6,684,267
Semiconductors - 0.41%
Kopin Corp. *	161,750		616,268
Software - 3.84%
Descartes Systems Group, Inc. *	417,869		1,971,575
Tradestation Group, Inc. *	327,850		3,826,009
			5,797,584
Telecommunications Equipment &
Services - 1.04%
MRV Communications, Inc. *	635,911		1,577,059
Transportation - 7.64%
Alexander & Baldwin, Inc.	84,300		4,225,959
Diana Shipping, Inc.	168,850		4,812,225
OceanFreight, Inc.	107,100		2,489,004
			11,527,188
TOTAL COMMON STOCKS (Cost $152,250,472)		$	148,116,675

The accompanying notes are an integral part of the financial statements. 

323

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Intrinsic Value Trust (continued)
		Shares or
		Principal
		Amount		Value
WARRANTS - 0.05%
Mining - 0.05%
Fortune Minerals, Ltd.
(exercise date 07/26/2007, strike price
$3.02) *		164,190	$	79,116
TOTAL WARRANTS (Cost $0)			$	79,116
SHORT TERM INVESTMENTS - 1.26%
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2007	$	1,900,000	$	1,900,000
TOTAL SHORT TERM INVESTMENTS
(Cost $1,900,000)			$	1,900,000
REPURCHASE AGREEMENTS - 0.04%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$56,019 on 10/1/2007,
collateralized by $60,000 Federal
Home Loan Mortgage Corp.,
6.625% due 08/28/2022 (valued at
$60,825, including interest)	$	56,000	$	56,000
TOTAL REPURCHASE AGREEMENTS
(Cost $56,000)			$	56,000
Total Investments (Small Cap Intrinsic Value Trust)
(Cost $154,206,472) - 99.49%			$	150,151,791
Other Assets in Excess of Liabilities - 0.51%				767,513
TOTAL NET ASSETS - 100.00%			$	150,919,304
Small Cap Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.54%
Air Travel - 1.22%
Airtran Holdings, Inc. * (a)		504,800	$	4,967,232
Apparel & Textiles - 3.93%
Stage Stores, Inc.		512,949		9,351,060
Unifirst Corp.		176,000		6,592,960
				15,944,020
Auto Parts - 0.78%
Modine Manufacturing Company		91,200		2,427,744
O'Reilly Automotive, Inc. *		21,500		718,315
				3,146,059
Banking - 4.87%
AMCORE Financial, Inc.		63,300		1,577,436
First Midwest BanCorp, Inc., Illinois		89,900		3,070,984
International Bancshares Corp.		198,810		4,314,177
MB Financial, Inc. (a)		109,300		3,776,315
NewAlliance Bancshares, Inc. (a)		193,000		2,833,240
Webster Financial Corp.		5,900		248,508

Small Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Westamerica Bancorp (a)	79,100	$	3,939,971
			19,760,631
Biotechnology - 0.07%
Charles River Laboratories International, Inc. *	5,100		286,365
Building Materials & Construction - 0.53%
Trex Company, Inc. * (a)	192,500		2,140,600
Business Services - 4.25%
Bowne & Company, Inc.	322,200		5,367,852
Catalina Marketing Corp. *	174,900		5,665,011
MAXIMUS, Inc.	142,300		6,201,434
			17,234,297
Computers & Business Equipment - 2.03%
Diebold, Inc.	4,700		213,474
Electronics for Imaging, Inc. *	150,000		4,029,000
Xyratex, Ltd. *	208,900		4,008,791
			8,251,265
Construction Materials - 1.06%
Simpson Manufacturing Company, Inc.	134,600		4,287,010
Containers & Glass - 0.06%
Bemis Company, Inc.	8,000		232,880
Cosmetics & Toiletries - 1.11%
Helen of Troy, Ltd. *	233,700		4,512,747
Crude Petroleum & Natural Gas - 4.80%
Penn Virginia Corp.	234,600		10,317,708
Plains Exploration & Production Company *	7,400		327,228
Whiting Petroleum Corp. *	198,700		8,832,215
			19,477,151
Domestic Oil - 0.09%
St. Mary Land & Exploration Company	9,800		349,566
Electrical Equipment - 0.60%
Varian, Inc. *	38,000		2,417,180
Electrical Utilities - 2.50%
PNM Resources, Inc.	275,500		6,413,640
Westar Energy, Inc.	152,100		3,735,576
			10,149,216
Electronics - 3.41%
Belden, Inc.	193,149		9,060,620
Nam Tai Electronics, Inc.	379,300		4,771,594
			13,832,214
Energy - 1.02%
New Jersey Resources Corp.	83,400		4,135,806
Financial Services - 5.63%
Asset Acceptance Capital Corp. * (a)	339,600		3,939,360
Asta Funding, Inc.	118,700		4,548,584
Credit Acceptance Corp. * (a)	147,700		3,411,870
Delphi Financial Group, Inc.	146,950		5,939,719
Financial Federal Corp. (a)	169,100		4,736,491

The accompanying notes are an integral part of the financial statements. 

324

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
GATX Corp.	5,700	$	243,675
			22,819,699
Food & Beverages - 1.19%
Hormel Foods Corp.	12,300		440,094
Lance, Inc.	190,900		4,394,518
			4,834,612
Forest Products - 1.04%
Deltic Timber Corp.	73,900		4,206,388
Gas & Pipeline Utilities - 0.70%
Atmos Energy Corp.	83,600		2,367,552
UGI Corp.	10,500		272,790
WGL Holdings, Inc.	6,400		216,896
			2,857,238
Healthcare Products - 2.89%
DENTSPLY International, Inc.	3,400		141,576
Herbalife, Ltd.	150,400		6,837,184
Orthofix International NV *	97,300		4,764,781
			11,743,541
Healthcare Services - 0.20%
CorVel Corp. *	34,812		804,853
Hotels & Restaurants - 1.29%
CEC Entertainment, Inc. *	78,350		2,105,264
RARE Hospitality International, Inc. *	7,600		289,636
Sonic Corp. *	122,100		2,857,140
			5,252,040
Household Products - 0.98%
Tempur-Pedic International, Inc.	111,500		3,986,125
Industrial Machinery - 1.62%
Albany International Corp., Class A	114,000		4,273,860
Flowserve Corp.	2,800		213,304
Graco, Inc.	7,800		305,058
Quixote Corp.	90,400		1,789,920
			6,582,142
Insurance - 6.77%
Assured Guaranty, Ltd.	452,100		12,283,557
IPC Holdings, Ltd.	102,500		2,957,125
Platinum Underwriters Holdings, Ltd.	162,409		5,840,228
Reinsurance Group of America, Inc.	9,400		532,886
Universal American Financial Corp. *	255,900		5,837,079
			27,450,875
Investment Companies - 1.41%
Ares Cap Corp. (a)	350,500		5,702,635
Manufacturing - 8.62%
Acuity Brands, Inc.	130,300		6,577,544
AptarGroup, Inc.	137,900		5,222,273
Carlisle Companies, Inc.	345,600		16,796,160
Deswell Industries, Inc.	286,250		2,833,875
ESCO Technologies, Inc. * (a)	105,800		3,516,792
			34,946,644

Small Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Medical-Hospitals - 3.18%
AmSurg Corp. *		285,099	$	6,577,234
Centene Corp. *		294,800		6,341,148
				12,918,382
Metal & Metal Products - 4.59%
Matthews International Corp., Class A		193,400		8,470,920
Mueller Industries, Inc.		280,700		10,144,498
				18,615,418
Mining - 1.09%
Compass Minerals International, Inc.		129,800		4,418,392
Office Furnishings & Supplies - 3.10%
Acco Brands Corp. *		290,600		6,521,064
United Stationers, Inc. *		109,200		6,062,784
				12,583,848
Publishing - 0.56%
Valassis Communications, Inc. * (a)		253,600		2,262,112
Railroads & Equipment - 1.41%
Genesee & Wyoming, Inc., Class A *		198,625		5,728,345
Real Estate - 9.64%
Acadia Realty Trust, REIT		122,200		3,315,286
American Campus Communities, Inc., REIT (a)		100,700		2,949,503
Cousins Properties, Inc., REIT (a)		92,500		2,715,800
Equity Inns, Inc., REIT		138,200		3,120,556
Maguire Properties, Inc., REIT		144,700		3,737,601
Pennsylvania Real Estate
Investment Trust, REIT (a)		59,000		2,297,460
PS Business Parks, Inc., REIT		53,300		3,030,105
RAIT Investment Trust, REIT (a)		616,300		5,072,149
Realty Income Corp., REIT (a)		262,800		7,345,260
U-Store-It Trust, REIT		398,800		5,264,160
Ventas, Inc., REIT		6,400		264,960
				39,112,840
Retail Trade - 6.71%
Casey's General Stores, Inc.		351,500		9,736,550
Cato Corp., Class A		346,900		7,090,636
Hibbett Sports, Inc. *		369,400		9,161,120
Talbots, Inc.		68,900		1,240,200
				27,228,506
Telephone - 1.14%
Atlantic Tele-Network, Inc.		126,900		4,612,815
Tobacco - 1.35%
Universal Corp.		111,500		5,457,925
Trucking & Freight - 1.10%
Vitran Corp, Inc. *		269,700		4,466,232
TOTAL COMMON STOCKS (Cost $373,025,831)			$	399,715,846
SHORT TERM INVESTMENTS - 14.89%
John Hancock Cash Investment Trust (c)	$	60,386,094	$	60,386,094
TOTAL SHORT TERM INVESTMENTS
(Cost $60,386,094)			$	60,386,094

The accompanying notes are an integral part of the financial statements. 

325

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.39%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$5,615,918 on 10/01/2007,
collateralized by $5,510,000
Federal Home Loan Mortgage
Corp., 5.55% due 10/04/2016
(valued at $5,730,400, including
interest)	$	5,614,000	$	5,614,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,614,000)			$	5,614,000
Total Investments (Small Cap Value Trust)
(Cost $439,025,925) - 114.82%			$	465,715,940
Liabilities in Excess of Other Assets - (14.82)%				(60,093,743)
TOTAL NET ASSETS - 100.00%			$	405,622,197
Small Company Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.50%
Advertising - 1.64%
inVentiv Health, Inc. *		54,106	$	2,370,925
ValueClick, Inc. *		83,023		1,864,697
				4,235,622
Aerospace - 1.04%
TransDigm Group, Inc. *		58,681		2,682,309
Apparel & Textiles - 1.44%
Interface, Inc., Class A		97,918		1,767,420
The Warnaco Group, Inc. *		50,084		1,956,782
				3,724,202
Auto Parts - 0.84%
Tenneco, Inc. *		69,827		2,165,335
Banking - 2.83%
East West Bancorp, Inc.		20,714		744,875
Greenhill & Company, Inc. (a)		32,608		1,990,718
SVB Financial Group *		44,077		2,087,487
Texas Capital Bancshares, Inc. *		55,312		1,202,483
UCBH Holdings, Inc.		74,870		1,308,728
				7,334,291
Biotechnology - 2.13%
Human Genome Sciences, Inc. *		96,621		994,230
MGI Pharma, Inc. *		47,720		1,325,662
Myriad Genetics, Inc. * (a)		61,540		3,209,311
				5,529,203
Building Materials & Construction - 1.42%
Eagle Materials, Inc. (a)		49,464		1,767,843
Texas Industries, Inc.		24,410		1,916,185
				3,684,028

Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 5.66%
CoStar Group, Inc. *	43,929	$	2,348,005
Euronet Worldwide, Inc. * (a)	72,571		2,160,438
Global Payments, Inc.	29,407		1,300,377
Informatica Corp. *	177,220		2,782,354
Jackson Hewitt Tax Service, Inc.	20,105		562,136
Korn/Ferry International *	98,268		1,622,405
Syntel, Inc.	37,536		1,560,747
Tetra Tech, Inc. *	110,715		2,338,301
			14,674,763
Cellular Communications - 1.10%
Dobson Communications Corp., Class A *	223,108		2,853,551
Commercial Services - 1.59%
Chemed Corp.	39,095		2,430,145
Live Nation, Inc. *	79,542		1,690,268
			4,120,413
Computers & Business Equipment - 2.64%
Cogent, Inc. * (a)	127,310		1,996,221
Micros Systems, Inc. *	45,064		2,932,314
Tech Data Corp. *	47,330		1,898,880
			6,827,415
Construction & Mining Equipment - 1.27%
Bucyrus International, Inc., Class A	45,118		3,290,456
Containers & Glass - 0.73%
Greif, Inc., Class A	31,249		1,896,189
Crude Petroleum & Natural Gas - 3.87%
Arena Resources, Inc. *	24,628		1,613,134
Bill Barrett Corp. * (a)	56,568		2,229,345
Carrizo Oil & Gas, Inc. *	46,754		2,097,385
Unit Corp. *	45,418		2,198,231
Whiting Petroleum Corp. *	42,512		1,889,658
			10,027,753
Drugs & Health Care - 2.21%
BioMarin Pharmaceutical, Inc. *	76,776		1,911,722
Mentor Corp. (a)	40,094		1,846,329
Parexel International Corp. *	47,863		1,975,306
			5,733,357
Educational Services - 1.49%
DeVry, Inc.	53,958		1,996,986
Strayer Education, Inc.	11,123		1,875,671
			3,872,657
Electrical Equipment - 1.70%
Varian, Inc. *	47,155		2,999,529
Wesco International, Inc. *	32,453		1,393,532
			4,393,061
Electrical Utilities - 1.49%
ITC Holdings Corp.	31,091		1,540,559
Pike Electric Corp. *	123,822		2,322,901
			3,863,460

The accompanying notes are an integral part of the financial statements. 

326

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics - 2.29%
SiRF Technology Holdings, Inc. *	55,015	$	1,174,570
Thomas & Betts Corp. *	33,775		1,980,566
Trimble Navigation, Ltd. *	70,634		2,769,559
			5,924,695
Financial Services - 2.00%
Affiliated Managers Group, Inc. * (a)	22,630		2,885,551
National Financial Partners Corp. (a)	43,545		2,307,014
			5,192,565
Food & Beverages - 1.58%
Performance Food Group Company *	68,847		2,074,360
Ralcorp Holdings, Inc. *	36,279		2,025,094
			4,099,454
Healthcare Products - 3.44%
Accuray, Inc. *	7,006		122,325
Gen-Probe, Inc. *	29,676		1,975,828
Kyphon, Inc. *	27,503		1,925,210
Nuvasive, Inc. *	41,386		1,486,999
The Medicines Company *	74,372		1,324,565
Wright Medical Group, Inc. *	77,492		2,078,336
			8,913,263
Healthcare Services - 2.03%
athenahealth, Inc. * (a)	6,064		205,630
Magellan Health Services, Inc. *	40,501		1,643,531
Palomar Medical Technologies, Inc. *	20,680		589,173
Pediatrix Medical Group, Inc. *	31,748		2,076,954
The Advisory Board Company *	12,657		740,055
			5,255,343
Holdings Companies/Conglomerates - 0.60%
United Industrial Corp.	20,614		1,551,410
Hotels & Restaurants - 1.86%
Choice Hotels International, Inc.	43,703		1,646,292
Jack in the Box, Inc. *	25,051		1,624,307
P.F. Chang's China Bistro, Inc. * (a)	52,522		1,554,651
			4,825,250
Household Products - 1.64%
Church & Dwight, Inc.	59,095		2,779,829
Tempur-Pedic International, Inc.	40,788		1,458,171
			4,238,000
Industrial Machinery - 1.83%
FMC Technologies, Inc. *	52,232		3,011,697
Regal-Beloit Corp.	36,170		1,732,181
			4,743,878
Insurance - 1.66%
HCC Insurance Holdings, Inc.	27,011		773,595
ProAssurance Corp. *	34,318		1,848,711
Security Capital Assurance, Ltd.	73,664		1,682,486
			4,304,792
Internet Retail - 0.32%
Shutterfly, Inc. *	25,735		821,204

Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Software - 1.88%
DealerTrack Holdings, Inc. *	51,502	$	2,156,904
F5 Networks, Inc. *	72,840		2,708,919
			4,865,823
Leisure Time - 0.43%
National Cinemedia, Inc.	49,296		1,104,230
Manufacturing - 3.16%
Acuity Brands, Inc.	19,808		999,908
Ceradyne, Inc. *	33,885		2,566,450
Coherent, Inc. *	64,267		2,061,685
General Cable Corp. *	37,934		2,546,130
			8,174,173
Medical-Hospitals - 1.92%
Cepheid, Inc. *	48,148		1,097,774
Lifepoint Hospitals, Inc. *	53,247		1,597,943
VCA Antech, Inc. *	54,360		2,269,530
			4,965,247
Metal & Metal Products - 0.75%
Dynamic Materials Corp.	40,775		1,952,715
Petroleum Services - 2.39%
Core Laboratories N.V. *	18,795		2,394,295
Dril-Quip, Inc. *	42,561		2,100,385
ION Geophysical Corp. * (a)	122,403		1,692,834
			6,187,514
Pharmaceuticals - 2.73%
AMAG Pharmaceuticals, Inc. *	14,585		834,262
Medicis Pharmaceutical Corp., Class A (a)	51,194		1,561,929
Santarus, Inc. * (a)	85,398		226,304
Sciele Pharma, Inc. * (a)	78,643		2,046,291
United Therapeutics Corp. * (a)	36,107		2,402,560
			7,071,346
Pollution Control - 0.22%
Fuel Tech, Inc. *	26,312		581,232
Railroads & Equipment - 0.71%
Wabtec Corp.	48,951		1,833,704
Real Estate - 0.70%
BioMed Realty Trust, Inc., REIT	75,516		1,819,936
Retail Trade - 3.42%
Dick's Sporting Goods, Inc. *	20,724		1,391,617
DSW, Inc., Class A *	53,049		1,335,243
Hot Topic, Inc. *	175,001		1,305,507
Longs Drug Stores Corp.	47,519		2,360,269
Zumiez, Inc. * (a)	55,617		2,467,726
			8,860,362
Semiconductors - 7.82%
Cirrus Logic, Inc. *	256,656		1,642,598
Diodes, Inc. *	67,453		2,165,241
Emulex Corp. *	114,876		2,202,173
FormFactor, Inc. *	42,231		1,873,789
Microsemi Corp. *	96,824		2,699,453

The accompanying notes are an integral part of the financial statements. 

327

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Power Integrations, Inc. *		77,629	$	2,306,358
Silicon Laboratories, Inc. *		59,918		2,502,176
Tessera Technologies, Inc. *		59,133		2,217,488
Varian Semiconductor Equipment
Associates, Inc. *		49,561		2,652,505
				20,261,781
Software - 7.79%
Ansoft Corp. *		45,322		1,494,720
ANSYS, Inc. *		87,751		2,998,452
Blackboard, Inc. *		70,600		3,236,304
Eclipsys Corp. *		109,503		2,553,610
JDA Software Group, Inc. *		88,592		1,830,311
Lawson Software, Inc. *		252,741		2,529,937
Manhattan Associates, Inc. *		62,894		1,723,924
Omniture, Inc. * (a)		29,004		879,401
Orbotech, Ltd. *		48,921		1,028,809
THQ, Inc. *		76,651		1,914,742
				20,190,210
Steel - 1.16%
Carpenter Technology Corp.		23,161		3,011,162
Telecommunications Equipment &
Services - 3.89%
C-COR, Inc. *		122,585		1,408,502
NeuStar, Inc., Class A *		67,512		2,314,986
NICE Systems, Ltd., ADR *		69,971		2,507,761
Polycom, Inc. *		32,165		863,952
SBA Communications Corp. *		84,438		2,978,972
				10,074,173
Toys, Amusements & Sporting Goods - 0.60%
Marvel Entertainment, Inc. *		66,097		1,549,314
Transportation - 0.60%
American Commercial Lines, Inc. *		65,738		1,559,963
Trucking & Freight - 1.99%
Forward Air Corp.		56,754		1,690,134
Hub Group, Inc., Class A *		63,094		1,894,713
Knight Transportation, Inc.		90,849		1,563,511
				5,148,358
TOTAL COMMON STOCKS (Cost $227,189,266)			$	249,989,162
SHORT TERM INVESTMENTS - 12.40%
John Hancock Cash Investment Trust	$	32,135,002	$	32,135,002
TOTAL SHORT TERM INVESTMENTS
(Cost $32,135,002)			$	32,135,002

Small Company Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 3.68%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.55% to be repurchased at
$9,541,616 on 10/01/2007,
collateralized by $9,355,000
Federal Home Loan Mortgage
Corp., 5.55% due 10/04/2016
(valued at $9,729,200, including
interest)	$	9,538,000	$	9,538,000
TOTAL REPURCHASE AGREEMENTS
(Cost $9,538,000)			$	9,538,000
Total Investments (Small Company Growth Trust)
(Cost $268,862,268) - 112.58%			$	291,662,164
Liabilities in Excess of Other Assets - (12.58)%				(32,593,974)
TOTAL NET ASSETS - 100.00%			$	259,068,190
Small Company Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.36%
Aerospace - 0.71%
Curtiss-Wright Corp.		6,285	$	298,537
Teledyne Technologies, Inc. *		525		28,030
				326,567
Agriculture - 0.02%
Fresh Del Monte Produce, Inc. *		337		9,689
Air Travel - 0.34%
Frontier Airlines Holdings, Inc. * (a)		2,433		15,060
Mesa Air Group, Inc. *		3,054		13,560
SkyWest, Inc.		4,950		124,592
				153,212
Apparel & Textiles - 2.91%
Deckers Outdoor Corp. *		1,883		206,753
Jos. A. Bank Clothiers, Inc. * (a)		3,472		116,034
Maidenform Brands, Inc. *		1,037		16,468
Mothers Work, Inc. *		1,980		36,967
Perry Ellis International, Inc. *		7,283		201,812
The Gymboree Corp. *		14,704		518,169
The Warnaco Group, Inc. *		5,975		233,443
				1,329,646
Auto Parts - 0.57%
Accuride Corp. *		12,060		146,047
Aftermarket Technology Corp. *		3,584		113,756
				259,803
Banking - 4.75%
BancFirst Corp.		1,649		73,991
Bank of Hawaii Corp.		9,666		510,848
BankUnited Financial Corp., Class A		761		11,826
Charter Financial Corp.		293		15,822

The accompanying notes are an integral part of the financial statements. 

328

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
City National Corp.	4,587	$	318,842
Commerce Bancshares, Inc.	3,523		161,670
Corus Bankshares, Inc. (a)	8,785		114,381
East West Bancorp, Inc.	5,205		187,172
Financial Institutions, Inc.	1,327		23,992
First Citizens Bancshares, Inc.	447		77,957
First Regional Bancorp *	1,838		45,086
Imperial Capital Bancorp, Inc.	774		21,866
Pacific Capital Bancorp	5,160		135,708
Preferred Bank, Los Angeles, CA	1,265		49,765
Prosperity Bancshares, Inc.	2,628		87,144
SVB Financial Group *	4,816		228,086
Temecula Valley Bancorp, Inc. (a)	1,028		17,445
Trustmark Corp.	1,163		32,611
Vineyard National Bancorp Company (a)	3,360		56,179
			2,170,391
Biotechnology - 1.19%
Bio-Rad Laboratories, Inc., Class A *	971		87,875
Invitrogen Corp. *	5,564		454,746
			542,621
Broadcasting - 0.60%
Sinclair Broadcast Group, Inc., Class A	18,880		227,315
Westwood One, Inc.	17,071		46,945
			274,260
Building Materials & Construction - 3.86%
Apogee Enterprises, Inc.	1,233		31,984
Chicago Bridge & Iron Company N.V.	7,973		343,317
Drew Industries, Inc. *	6,062		246,602
EMCOR Group, Inc. *	20,074		629,521
Perini Corp. *	9,150		511,760
			1,763,184
Business Services - 5.67%
Acxiom Corp.	16,195		320,499
CGI Group, Inc., Class A *	1,713		19,528
Coinstar, Inc. *	587		18,884
COMSYS IT Partners, Inc. *	4,940		83,041
Core-Mark Holding Company, Inc. *	2,587		91,140
Deluxe Corp.	12,850		473,394
Dun & Bradstreet Corp.	310		30,569
First Consulting Group, Inc. *	1,619		16,676
Heidrick & Struggles International, Inc. *	5,034		183,489
Michael Baker Corp. *	1,193		58,469
PC Mall, Inc. *	6,590		102,870
Pre-Paid Legal Services, Inc. *	3,970		220,176
PRG-Schultz International, Inc. *	1,140		15,481
Sotheby's	10,274		490,994
Standard Parking Corp. *	1,426		56,741
Waste Industries USA	587		16,800
Watson Wyatt Worldwide, Inc., Class A	8,704		391,158
			2,589,909

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cable & Television - 0.02%
Corus Entertainment, Inc.	189	$	8,974
Cellular Communications - 0.44%
Syniverse Holdings, Inc. *	8,235		130,937
Tessco Technologies, Inc. *	4,418		69,318
			200,255
Chemicals - 2.40%
Celanese Corp., Series A	18,895		736,527
CF Industries Holdings, Inc.	1,752		132,994
Methanex Corp.	4,285		108,839
Terra Industries, Inc. *	3,721		116,319
			1,094,679
Computers & Business Equipment - 1.66%
Blue Coat Systems, Inc. *	863		67,970
Immersion Corp. *	26,454		433,316
Quantum Corp. *	12,648		43,003
Tech Data Corp. *	1,630		65,396
Western Digital Corp. *	5,660		143,311
Xyratex, Ltd. *	193		3,704
			756,700
Containers & Glass - 1.04%
Pactiv Corp. *	14,659		420,127
Silgan Holdings, Inc.	1,053		56,599
			476,726
Cosmetics & Toiletries - 0.08%
Helen of Troy, Ltd. *	1,929		37,249
Crude Petroleum & Natural Gas - 0.31%
MarkWest Hydrocarbon, Inc.	2,405		139,803
Domestic Oil - 0.69%
Frontier Oil Corp.	1,075		44,763
Holly Corp.	4,540		271,628
			316,391
Drugs & Health Care - 0.38%
Molina Healthcare, Inc. *	841		30,503
Nutraceutical International Corp. *	5,024		76,415
XenoPort, Inc. *	1,412		66,435
			173,353
Electrical Equipment - 3.04%
Encore Wire Corp. (a)	2,604		65,439
GrafTech International, Ltd. *	30,619		546,243
Greatbatch, Inc. *	4,305		114,470
Littelfuse, Inc. *	759		27,089
Methode Electronics, Inc.	14,385		216,494
Tektronix, Inc.	276		7,656
Varian, Inc. *	6,479		412,129
			1,389,520
Electrical Utilities - 1.79%
Allete, Inc.	820		36,703
El Paso Electric Company *	22,061		510,271

The accompanying notes are an integral part of the financial statements. 

329

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
Unisource Energy Corp.	9,046	$	270,385
			817,359
Electronics - 5.29%
Analogic Corp.	2,567		163,672
Axsys Technologies, Inc. *	369		11,424
Belden, Inc.	12,917		605,936
Checkpoint Systems, Inc. *	8,511		224,605
Cubic Corp.	5,990		252,598
Dolby Laboratories, Inc., Class A *	5,015		174,622
Itron, Inc. *	1,165		108,427
LoJack Corp. *	3,957		75,025
Stoneridge, Inc. *	1,799		18,350
Synopsys, Inc. *	1,371		37,127
Teleflex, Inc.	8,059		627,957
Trimble Navigation, Ltd. *	2,698		105,789
Zoran Corp. *	509		10,282
			2,415,814
Energy - 2.17%
Energen Corp.	17,393		993,488
Financial Services - 1.72%
Advanta Corp., Class B	3,817		104,662
Calamos Asset Management, Inc.	2,931		82,742
City Holding Company	2,246		81,777
Ocwen Financial Corp. *	15,207		143,402
SWS Group, Inc.	20,542		363,388
WSFS Financial Corp.	145		9,048
			785,019
Food & Beverages - 3.04%
Cal-Maine Foods, Inc.	1,507		38,037
Coca-Cola Bottling Company	318		19,175
Corn Products International, Inc.	10,210		468,333
Imperial Sugar Company (a)	10,847		283,432
J.M. Smucker Company	1,292		69,018
PepsiAmericas, Inc.	916		29,715
Ralcorp Holdings, Inc. *	668		37,288
Seaboard Corp.	151		295,960
Spartan Stores, Inc.	6,632		149,419
			1,390,377
Gas & Pipeline Utilities - 1.00%
AGL Resources, Inc.	1,614		63,947
Northwest Natural Gas Company	5,286		241,570
SEMCO Energy, Inc. *	13,505		106,555
UGI Corp.	1,688		43,854
			455,926
Healthcare Products - 2.92%
ArthroCare Corp. *	362		20,232
CONMED Corp. *	8,565		239,734
Dade Behring Holdings, Inc.	6,799		519,104
Health Tronics, Inc. *	3,610		18,411
IDEXX Laboratories, Inc. *	272		29,808

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Kinetic Concepts, Inc. *	8,970	$	504,832
			1,332,121
Healthcare Services - 4.32%
American Dental Partners, Inc. *	4,530		126,885
AMERIGROUP Corp. *	3,367		116,094
Apria Healthcare Group, Inc. *	18,518		481,653
Healthspring, Inc. *	5,772		112,554
Sierra Health Services, Inc. *	1,112		46,915
WellCare Health Plans, Inc. *	10,315		1,087,511
			1,971,612
Holdings Companies/Conglomerates - 0.12%
United Industrial Corp.	717		53,961
Homebuilders - 0.24%
NVR, Inc. *	238		111,919
Hotels & Restaurants - 2.04%
AFC Enterprises, Inc. *	9,783		147,234
Chipotle Mexican Grill, Inc., Class A *	2,458		290,364
Choice Hotels International, Inc.	2,141		80,652
Interstate Hotels & Resorts, Inc. *	30,739		139,862
Jack in the Box, Inc. *	1,773		114,961
Papa John's International, Inc. *	5,437		132,880
Triarc Companies, Inc.	2,009		25,133
			931,086
Household Products - 0.66%
Tempur-Pedic International, Inc.	489		17,482
Tupperware Brands Corp.	8,976		282,654
			300,136
Industrial Machinery - 1.28%
EnPro Industries, Inc. *	5,798		235,399
Intevac, Inc. *	7,120		108,224
Robbins & Myers, Inc.	3,536		202,577
The Manitowoc Company, Inc.	902		39,941
			586,141
Insurance - 5.51%
Allied World Assurance Holdings, Ltd.	2,679		139,067
American Financial Group, Inc.	10,683		304,679
American Safety Insurance Holdings, Ltd. *	1,638		32,465
Aspen Insurance Holdings, Ltd.	20,241		564,926
Endurance Specialty Holdings, Ltd.	13,751		571,354
FBL Financial Group, Inc., Class A	607		23,971
HCC Insurance Holdings, Inc.	7,377		211,277
James River Group, Inc.	288		9,331
NYMAGIC, Inc.	1,985		55,203
Odyssey Re Holdings Corp.	6,054		224,664
Platinum Underwriters Holdings, Ltd.	699		25,136
Reinsurance Group of America, Inc.	5,722		324,380
RenaissanceRe Holdings, Ltd.	436		28,519
			2,514,972
Internet Content - 0.10%
TeleCommunication Systems, Inc. *	11,234		44,824

The accompanying notes are an integral part of the financial statements. 

330

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Retail - 0.82%
Blue Nile, Inc. *	610	$	57,413
Priceline.com, Inc. * (a)	3,594		318,968
			376,381
Internet Software - 0.41%
Chordiant Software, Inc. *	13,529		187,512
Leisure Time - 1.49%
Arctic Cat, Inc.	545		8,916
DreamWorks Animation SKG, Inc., Class A *	8,603		287,512
Polaris Industries, Inc. (a)	8,679		378,578
West Marine, Inc. *	692		7,993
			682,999
Manufacturing - 3.30%
GenTek, Inc. *	388		11,671
Goodman Global, Inc. *	4,822		115,149
Koppers Holdings, Inc.	2,462		95,058
Lydall, Inc. *	884		8,204
Mettler-Toledo International, Inc. *	7,180		732,360
Snap-on, Inc.	3,291		163,036
Sturm Ruger & Company, Inc. *	21,301		381,501
			1,506,979
Medical-Hospitals - 0.33%
Centene Corp. *	6,918		148,806
Metal & Metal Products - 0.18%
Crown Holdings, Inc. *	2,688		61,179
Mueller Industries, Inc.	533		19,262
			80,441
Mining - 0.33%
Hecla Mining Company *	12,287		109,969
Northgate Minerals Corp. *	14,521		41,239
			151,208
Office Furnishings & Supplies - 0.38%
Knoll, Inc.	9,866		175,023
Paper - 1.51%
Buckeye Technologies, Inc. *	19,709		298,394
Rock-Tenn Company, Class A	13,611		393,358
			691,752
Petroleum Services - 3.32%
Delek US Holdings, Inc.	1,254		31,450
Grey Wolf, Inc. *	58,860		385,533
GulfMark Offshore, Inc. *	3,293		160,237
Oceaneering International, Inc. *	2,460		186,468
Tesoro Corp.	8,237		379,067
Trico Marine Services, Inc. *	12,547		373,901
			1,516,656
Pharmaceuticals - 2.58%
Axcan Pharma, Inc. *	1,193		24,779
Cubist Pharmaceuticals, Inc. *	6,197		130,943
King Pharmaceuticals, Inc. *	16,723		195,994
OSI Pharmaceuticals, Inc. *	12,152		413,046

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
ViroPharma, Inc. *	3,575	$	31,817
Watson Pharmaceuticals, Inc. *	11,781		381,704
			1,178,283
Photography - 0.38%
CPI Corp.	4,493		173,070
Plastics - 0.07%
AEP Industries, Inc. *	811		34,338
Publishing - 0.32%
American Greetings Corp., Class A	5,307		140,105
Multi-Color Corp.	335		7,633
			147,738
Railroads & Equipment - 0.41%
Kansas City Southern *	5,829		187,519
Real Estate - 3.95%
Agree Realty Corp., REIT	284		8,900
Avatar Holdings, Inc. * (a)	1,981		98,911
Capital Trust, Inc., Class A, REIT (a)	2,468		87,614
Equity Lifestyle Properties, Inc., REIT	8,356		432,841
Gramercy Captial Corp., REIT	15,821		398,215
Jones Lang LaSalle, Inc.	921		94,642
Taubman Centers, Inc., REIT	12,457		682,021
			1,803,144
Retail Trade - 4.17%
Big Lots, Inc. *	15,861		473,292
Dollar Tree Stores, Inc. *	5,450		220,943
FTD Group, Inc.	2,206		32,825
Jo-Ann Stores, Inc. *	8,928		188,381
NBTY, Inc. *	5,154		209,252
Systemax, Inc. * (a)	7,675		156,877
The Dress Barn, Inc. *	20,348		346,120
The Men's Wearhouse, Inc.	5,529		279,325
			1,907,015
Sanitary Services - 0.41%
Darling International, Inc. *	13,985		138,312
Stericycle, Inc. *	827		47,271
			185,583
Semiconductors - 3.11%
Amkor Technology, Inc. *	12,216		140,728
ASM International N.V. (a)	4,236		121,065
Asyst Technologies, Inc. *	3,119		16,500
Cabot Microelectronics Corp. *	1,417		60,577
Credence Systems Corp. *	9,741		30,100
Emulex Corp. *	13,479		258,392
Novellus Systems, Inc. *	3,990		108,767
ON Semiconductor Corp. *	54,513		684,683
			1,420,812
Software - 2.73%
American Software, Inc., Class A *	848		7,802
Magma Design Automation, Inc. *	3,622		50,961

The accompanying notes are an integral part of the financial statements. 

331

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Software (continued)
ManTech International Corp. *		565	$	20,329
Omnicell, Inc. *		8,351		238,337
Open Text Corp. * (a)		1,194		31,008
SPSS, Inc. *		10,191		419,258
Sybase, Inc. *		20,651		477,658
				1,245,353
Steel - 1.19%
AK Steel Holding Corp. *		5,011		220,233
Ryerson, Inc.		9,598		323,837
				544,070
Telecommunications Equipment &
Services - 2.24%
Avici Systems, Inc. *		3,755		40,029
CommScope, Inc. *		10,092		507,022
Comtech Telecommunications Corp. *		4,914		262,850
InterDigital, Inc. *		3,726		77,426
Premiere Global Services, Inc. *		10,765		136,177
				1,023,504
Telephone - 0.35%
CenturyTel, Inc.		1,899		87,772
Cincinnati Bell, Inc. *		15,046		74,327
				162,099
Tires & Rubber - 0.22%
Cooper Tire & Rubber Company		4,124		100,626
Tobacco - 0.07%
Loews Corp. - Carolina Group		380		31,247
Toys, Amusements & Sporting Goods - 0.38%
Jakks Pacific, Inc. *		6,506		173,775
Transportation - 0.58%
Bristow Group, Inc. *		1,832		80,077
Kirby Corp. *		4,171		184,108
				264,185
Trucking & Freight - 1.25%
Arkansas Best Corp.		1,718		56,110
Forward Air Corp.		2,146		63,908
Heartland Express, Inc. (a)		4,596		65,631
Hub Group, Inc., Class A *		2,603		78,168
Knight Transportation, Inc.		4,565		78,563
Landstar Systems, Inc.		4,344		182,318
Old Dominion Freight Lines, Inc. *		1,974		47,317
				572,015
TOTAL COMMON STOCKS (Cost $43,643,856)			$	45,389,820
SHORT TERM INVESTMENTS - 3.75%
John Hancock Cash Investment Trust (c)	$	1,713,590	$	1,713,590
TOTAL SHORT TERM INVESTMENTS
(Cost $1,713,590)			$	1,713,590

Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.50%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$229,078 on 10/01/2007,
collateralized by $230,000 Federal
National Mortgage Association,
6.06% due 06/06/2017 (valued at
$235,463, including interest)	$	229,000	$	229,000
TOTAL REPURCHASE AGREEMENTS
(Cost $229,000)			$	229,000
Total Investments (Small Company Trust)
(Cost $45,586,446) - 103.61%			$	47,332,410
Liabilities in Excess of Other Assets - (3.61)%				(1,650,053)
TOTAL NET ASSETS - 100.00%			$	45,682,357
Small Company Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.22%
Aerospace - 1.95%
EDO Corp. (a)		52,600	$	2,946,126
Kratos Defense & Security Solutions Inc * (a)		433,900		1,188,886
Woodward Governor Company		144,200		8,998,080
				13,133,092
Air Travel - 0.49%
Airtran Holdings, Inc. *		335,300		3,299,352
Apparel & Textiles - 1.03%
Culp, Inc. *		124,300		1,290,234
G & K Services, Class A		139,700		5,615,940
				6,906,174
Auto Parts - 0.24%
Accuride Corp. *		132,500		1,604,575
Auto Services - 0.91%
Dollar Thrifty Automotive Group, Inc. *		177,500		6,157,475
Banking - 4.83%
Boston Private Financial Holdings, Inc. (a)		120,700		3,360,288
East West Bancorp, Inc.		274,800		9,881,808
Glacier Bancorp, Inc.		184,400		4,152,688
Home Bancshares, Inc. (a)		114,019		2,484,474
SVB Financial Group *		188,000		8,903,680
Wintrust Financial Corp. (a)		87,900		3,752,451
				32,535,389
Biotechnology - 1.56%
Exelixis, Inc. *		236,200		2,501,358
Myriad Genetics, Inc. *		153,700		8,015,455
				10,516,813
Broadcasting - 0.26%
Saga Communications, Inc., Class A *		242,700		1,781,418

The accompanying notes are an integral part of the financial statements. 

332

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Building Materials & Construction - 0.89%
Beacon Roofing Supply, Inc. *	266,000	$	2,718,520
Drew Industries, Inc. *	80,100		3,258,468
			5,976,988
Business Services - 6.12%
Compass Diversified Trust	168,000		2,698,080
Electro Rent Corp.	319,200		4,471,992
FTI Consulting, Inc. *	201,800		10,152,558
McGrath Rentcorp	251,700		8,366,508
MPS Group, Inc. *	482,500		5,379,875
Navigant Consulting Company *	185,000		2,342,100
StarTek, Inc.	174,900		1,771,737
Wind River Systems, Inc. *	513,300		6,041,541
			41,224,391
Chemicals - 4.05%
Airgas, Inc.	182,800		9,437,964
American Vanguard Corp.	210,100		4,101,152
Arch Chemicals, Inc.	166,600		7,810,208
Innospec, Inc.	258,700		5,893,186
			27,242,510
Commercial Services - 0.93%
Live Nation, Inc. *	75,900		1,612,875
Pool Corp. (a)	185,600		4,636,288
			6,249,163
Computers & Business Equipment - 1.57%
Ixia *	345,100		3,009,272
Palm, Inc. *	264,000		4,295,280
Xyratex, Ltd. *	170,100		3,264,219
			10,568,771
Construction & Mining Equipment - 0.57%
Carbo Ceramics, Inc. (a)	75,600		3,835,188
Construction Materials - 2.73%
Ameron International Corp.	75,400		7,975,058
Florida Rock Industries, Inc.	116,000		7,248,840
Universal Forest Products, Inc.	106,000		3,169,400
			18,393,298
Crude Petroleum & Natural Gas - 3.97%
Forest Oil Corp. *	169,000		7,273,760
Penn Virginia Corp.	295,400		12,991,692
Whiting Petroleum Corp. *	145,200		6,454,140
			26,719,592
Domestic Oil - 0.59%
Mariner Energy, Inc. *	141,404		2,928,477
Union Drilling, Inc. *	69,700		1,016,226
			3,944,703
Drugs & Health Care - 1.67%
Arrow International, Inc.	51,200		2,329,088
Landauer, Inc.	61,900		3,154,424
West Pharmaceutical Services, Inc.	138,200		5,757,412
			11,240,924

Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Equipment - 1.81%
C & D Technologies, Inc. * (a)	186,600	$	929,268
Genlyte Group, Inc. *	86,200		5,539,212
Littelfuse, Inc. *	131,800		4,703,942
Methode Electronics, Inc.	66,000		993,300
			12,165,722
Electrical Utilities - 2.65%
Black Hills Corp.	148,000		6,070,960
Cleco Corp.	210,400		5,316,808
El Paso Electric Company *	201,000		4,649,130
Empire District Electric Company (a)	78,600		1,775,574
			17,812,472
Electronics - 2.43%
Analogic Corp.	39,200		2,499,392
Belden, Inc.	179,700		8,429,727
Franklin Electric, Inc. (a)	68,400		2,811,924
Newport Corp. *	170,600		2,598,238
			16,339,281
Energy - 0.17%
GeoMet, Inc. * (a)	124,000		631,160
Verenium Corp. * (a)	93,700		494,736
			1,125,896
Financial Services - 0.17%
JMP Group Inc *	119,700		1,122,786
Merrill Lynch & Company, Inc.	1		76
			1,122,862
Food & Beverages - 0.26%
Winn-Dixie Stores, Inc. * (a)	94,600		1,770,912
Forest Products - 0.87%
Deltic Timber Corp.	103,500		5,891,220
Furniture & Fixtures - 0.41%
Stanley Furniture Company, Inc. (a)	171,300		2,783,625
Gas & Pipeline Utilities - 0.99%
Southwest Gas Corp.	139,500		3,946,455
Vectren Corp.	100,400		2,739,916
			6,686,371
Healthcare Products - 1.39%
Owens & Minor, Inc.	245,700		9,358,713
Healthcare Services - 0.54%
National Healthcare Corp.	70,500		3,622,995
Homebuilders - 0.46%
M/I Homes, Inc. (a)	131,600		1,827,924
Meritage Homes Corp. * (a)	90,900		1,283,508
			3,111,432
Hotels & Restaurants - 1.29%
RARE Hospitality International, Inc. *	171,800		6,547,298
Ruby Tuesday, Inc.	117,800		2,160,452
			8,707,750

The accompanying notes are an integral part of the financial statements. 

333

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial Machinery - 1.73%
Circor International, Inc.	78,800	$	3,578,308
IDEX Corp.	222,150		8,084,039
			11,662,347
Insurance - 4.83%
Employers Holdings, Inc.	32,800		676,008
James River Group, Inc.	6,100		197,640
Markel Corp. *	11,400		5,517,600
Max Re Capital, Ltd.	194,200		5,445,368
Midland Company	122,800		6,749,088
National Interstate Corp.	93,800		2,888,102
ProAssurance Corp. *	205,000		11,043,350
			32,517,156
Investment Companies - 2.27%
Ares Cap Corp. (a)	257,000		4,181,390
First Financial Fund, Inc. *	305,786		3,883,482
Hercules Technology Growth Capital, Inc. (a)	240,800		3,195,416
Kohlberg Capital Corp.	265,100		3,992,406
			15,252,694
Life Sciences - 0.25%
Symyx Technologies, Inc. *	190,000		1,651,100
Manufacturing - 2.51%
AptarGroup, Inc.	238,400		9,028,208
Nordson Corp.	156,900		7,877,949
			16,906,157
Metal & Metal Products - 3.47%
Gibraltar Industries, Inc.	236,800		4,380,800
Matthews International Corp., Class A	212,600		9,311,880
Metal Management, Inc.	178,500		9,674,700
			23,367,380
Mobile Homes - 1.04%
Skyline Corp.	77,000		2,316,160
Winnebago Industries, Inc. (a)	195,000		4,656,600
			6,972,760
Newspapers - 0.08%
Journal Register Company (a)	211,400		507,360
Paper - 1.45%
Chesapeake Corp.	60,400		510,984
Potlatch Corp.	143,200		6,448,296
Wausau-Mosinee Paper Corp.	253,500		2,826,525
			9,785,805
Petroleum Services - 3.68%
Atwood Oceanics, Inc. *	77,600		5,941,056
Hercules Offshore, Inc. *	136,317		3,559,237
TETRA Technologies, Inc. *	383,600		8,109,304
W-H Energy Services, Inc. *	97,600		7,198,000
			24,807,597
Pharmaceuticals - 0.87%
Pharmion Corp. *	127,300		5,873,622

Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Railroads & Equipment - 0.99%
Genesee & Wyoming, Inc., Class A *	231,100	$	6,664,924
Real Estate - 5.02%
First Potomac Realty Trust, REIT	187,900		4,096,220
Kilroy Realty Corp., REIT	155,300		9,415,839
LaSalle Hotel Properties, REIT	159,500		6,711,760
Parkway Properties, Inc., REIT	87,500		3,862,250
Strategic Hotel Cap, Inc., REIT	248,000		5,106,320
Washington Real Estate Investment Trust,
REIT (a)	139,000		4,612,020
			33,804,409
Retail Grocery - 0.60%
Nash Finch Company (a)	102,000		4,062,660
Retail Trade - 4.04%
Aaron Rents, Inc., Class A	6,000		128,400
Aaron Rents, Inc., Class B	411,400		9,174,220
Building Materials Holding Corp. (a)	200,000		2,116,000
Casey's General Stores, Inc.	147,100		4,074,670
CSS Industries, Inc.	121,600		4,373,952
Fred's, Inc., Class A	184,700		1,944,891
Haverty Furniture Companies, Inc.	276,600		2,425,782
Stein Mart, Inc.	393,300		2,993,013
			27,230,928
Sanitary Services - 1.91%
Casella Waste Systems, Inc., Class A *	247,100		3,098,634
Insituform Technologies, Inc., Class A * (a)	272,500		4,150,175
Waste Connections, Inc. *	176,200		5,596,112
			12,844,921
Semiconductors - 2.40%
Advanced Energy Industries, Inc. *	196,300		2,964,130
ATMI, Inc. *	100,400		2,986,900
Brooks Automation, Inc. *	297,162		4,231,587
Exar Corp. *	129,900		1,696,494
GSI Group, Inc. *	379,100		4,283,830
			16,162,941
Software - 2.72%
Progress Software Corp. *	227,000		6,878,100
SPSS, Inc. *	170,400		7,010,256
Websense, Inc. *	224,200		4,423,466
			18,311,822
Steel - 1.40%
Carpenter Technology Corp.	72,400		9,412,724
Telecommunications Equipment &
Services - 0.76%
Premiere Global Services, Inc. *	407,100		5,149,815
Tires & Rubber - 0.63%
Myers Indiana, Inc.	213,900		4,239,498
Tobacco - 0.26%
Alliance One International, Inc. *	269,800		1,764,492

The accompanying notes are an integral part of the financial statements. 

334

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Transportation - 2.58%
Kirby Corp. *		250,200	$	11,043,828
UTI Worldwide, Inc.		276,000		6,342,480
				17,386,308
Trucking & Freight - 1.93%
Landstar Systems, Inc.		309,200		12,977,124
TOTAL COMMON STOCKS (Cost $459,699,649)			$	641,145,611
SHORT TERM INVESTMENTS - 13.07%
John Hancock Cash Investment Trust	$	62,119,320	$	62,119,320
T. Rowe Price Reserve Investment Fund		25,869,038		25,869,038
TOTAL SHORT TERM INVESTMENTS
(Cost $87,988,358)			$	87,988,358
REPURCHASE AGREEMENTS - 0.50%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$3,363,149 on 10/01/2007,
collateralized by $3,350,000
Federal National Mortgage
Association, 5.375% due
08/15/2009 (valued at $3,429,563,
including interest)	$	3,362,000	$	3,362,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,362,000)			$	3,362,000
Total Investments (Small Company Value Trust)
(Cost $551,050,007) - 108.79%			$	732,495,969
Liabilities in Excess of Other Assets - (8.79)%				(59,199,632)
TOTAL NET ASSETS - 100.00%			$	673,296,337
Special Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.30%
Air Travel - 1.20%
Airtran Holdings, Inc. * (a)		8,500	$	83,640
Apparel & Textiles - 2.38%
Stage Stores, Inc.		9,100		165,893
Auto Parts - 3.70%
O'Reilly Automotive, Inc. *		7,700		257,257
Banking - 6.13%
First Midwest BanCorp, Inc., Illinois		1,800		61,488
International Bancshares Corp.		3,500		75,950
MB Financial, Inc.		1,900		65,645
NewAlliance Bancshares, Inc. (a)		4,400		64,592
Webster Financial Corp.		2,000		84,240
Westamerica Bancorp (a)		1,500		74,715
				426,630

Special Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Biotechnology - 1.86%
Charles River Laboratories International, Inc. *	2,300	$	129,145
Business Services - 1.13%
MAXIMUS, Inc.	1,800		78,444
Computers & Business Equipment - 3.28%
Diebold, Inc.	1,500		68,130
Electronics for Imaging, Inc. *	2,600		69,836
Xyratex, Ltd. *	4,700		90,193
			228,159
Construction Materials - 0.96%
Simpson Manufacturing Company, Inc.	2,100		66,885
Containers & Glass - 1.13%
Bemis Company, Inc.	2,700		78,597
Crude Petroleum & Natural Gas - 2.55%
Plains Exploration & Production Company *	2,500		110,550
Whiting Petroleum Corp. *	1,500		66,675
			177,225
Domestic Oil - 1.69%
St. Mary Land & Exploration Company	3,300		117,711
Electrical Equipment - 0.64%
Varian, Inc. *	700		44,527
Electrical Utilities - 2.95%
PNM Resources, Inc.	4,600		107,088
Westar Energy, Inc.	4,000		98,240
			205,328
Electronics - 2.74%
Belden, Inc.	2,000		93,820
Nam Tai Electronics, Inc.	7,700		96,866
			190,686
Energy - 0.83%
New Jersey Resources Corp.	1,162		57,624
Financial Services - 6.15%
Asset Acceptance Capital Corp. (a)	6,800		78,880
Credit Acceptance Corp. * (a)	3,000		69,300
Delphi Financial Group, Inc.	2,400		97,008
Financial Federal Corp.	3,938		110,303
GATX Corp.	1,700		72,675
			428,166
Food & Beverages - 3.13%
Hormel Foods Corp.	4,100		146,698
Lance, Inc.	3,100		71,362
			218,060
Forest Products - 0.90%
Deltic Timber Corp.	1,100		62,612
Gas & Pipeline Utilities - 2.33%
UGI Corp.	3,500		90,930
WGL Holdings, Inc.	2,100		71,169
			162,099

The accompanying notes are an integral part of the financial statements. 

335

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Special Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products - 3.02%
DENTSPLY International, Inc.	1,200	$	49,968
Herbalife, Ltd.	1,800		81,828
Orthofix International NV *	1,600		78,352
			210,148
Hotels & Restaurants - 0.94%
Sonic Corp. *	2,800		65,520
Household Products - 0.77%
Tempur-Pedic International, Inc.	1,500		53,625
Industrial Machinery - 3.06%
Albany International Corp., Class A	1,151		43,151
Flowserve Corp.	1,000		76,180
Graco, Inc.	2,400		93,864
			213,195
Insurance - 7.18%
Assured Guaranty, Ltd.	3,200		86,944
IPC Holdings, Ltd.	1,800		51,930
Platinum Underwriters Holdings, Ltd.	2,600		93,496
Reinsurance Group of America, Inc.	3,100		175,739
Universal American Financial Corp. *	4,000		91,240
			499,349
Investment Companies - 1.38%
Ares Cap Corp. (a)	5,900		95,993
Manufacturing - 7.26%
Acuity Brands, Inc.	2,200		111,056
AptarGroup, Inc.	1,184		44,838
Carlisle Companies, Inc.	6,100		296,460
ESCO Technologies, Inc. *	1,600		53,184
			505,538
Medical-Hospitals - 3.24%
AmSurg Corp. *	5,200		119,964
Centene Corp. *	4,900		105,399
			225,363
Metal & Metal Products - 4.30%
Matthews International Corp., Class A	3,300		144,540
Mueller Industries, Inc.	4,283		154,788
			299,328
Mining - 0.64%
Compass Minerals International, Inc.	1,300		44,252
Office Furnishings & Supplies - 2.57%
Acco Brands Corp. *	4,700		105,468
United Stationers, Inc. *	1,323		73,453
			178,921
Publishing - 0.58%
Valassis Communications, Inc. * (a)	4,500		40,140
Railroads & Equipment - 1.04%
Genesee & Wyoming, Inc., Class A *	2,500		72,100
Real Estate - 8.08%
Cousins Properties, Inc., REIT (a)	1,986		58,309

Special Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Maguire Properties, Inc., REIT		2,900	$	74,907
PS Business Parks, Inc., REIT		700		39,795
RAIT Investment Trust, REIT (a)		10,400		85,592
Realty Income Corp., REIT (a)		4,600		128,570
U-Store-It Trust, REIT		6,700		88,440
Ventas, Inc., REIT		2,100		86,940
				562,553
Retail Trade - 6.29%
Casey's General Stores, Inc.		5,500		152,350
Cato Corp., Class A		5,048		103,181
Hibbett Sports, Inc. *		6,100		151,280
Talbots, Inc.		1,700		30,600
				437,411
Tobacco - 1.27%
Universal Corp.		1,800		88,110
TOTAL COMMON STOCKS (Cost $7,265,899)			$	6,770,234
SHORT TERM INVESTMENTS - 10.12%
John Hancock Cash Investment Trust (c)	$	704,055	$	704,055
TOTAL SHORT TERM INVESTMENTS
(Cost $704,055)			$	704,055
REPURCHASE AGREEMENTS - 2.69%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$187,064 on 10/01/2007,
collateralized by $195,000 Federal
Home Loan Mortgage Corp.,
5.625% due 11/23/2035 (valued at
$193,157, including interest)	$	187,000	$	187,000
TOTAL REPURCHASE AGREEMENTS
(Cost $187,000)			$	187,000
Total Investments (Special Value Trust)
(Cost $8,156,954) - 110.11%			$	7,661,289
Liabilities in Excess of Other Assets - (10.11)%				(703,724)
TOTAL NET ASSETS - 100.00%			$	6,957,565
Spectrum Income Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 16.57%
Aerospace - 0.13%
Raytheon Company		21,500	$	1,372,130
Agriculture - 0.05%
Archer-Daniels-Midland Company		15,400		509,432
Air Travel - 0.05%
Southwest Airlines Company		35,700		528,360

The accompanying notes are an integral part of the financial statements. 

336

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Aluminum - 0.11%
Alcoa, Inc.	28,800	$	1,126,656
Auto Parts - 0.10%
Genuine Parts Company	19,800		990,000
Automobiles - 0.04%
Ford Motor Company *	51,800		439,782
Banking - 0.60%
Citizens Banking Corp.	260		4,188
Fifth Third Bancorp	44,000		1,490,720
National City Corp.	23,700		594,633
Royal Bank of Scotland Group PLC	56,228		601,803
SunTrust Banks, Inc.	17,800		1,346,926
US Bancorp	67,475		2,194,962
			6,233,232
Biotechnology - 0.15%
Amgen, Inc. *	28,500		1,612,245
Broadcasting - 0.13%
CBS Corp., Class B	39,800		1,253,700
XM Satellite Radio Holdings, Inc., Class A *	10,500		148,785
			1,402,485
Building Materials & Construction - 0.11%
Masco Corp.	51,200		1,186,304
Business Services - 0.20%
Computer Sciences Corp. *	14,800		827,320
H & R Block, Inc.	58,600		1,241,148
			2,068,468
Cable & Television - 0.27%
Time Warner, Inc.	105,800		1,942,488
Viacom, Inc., Class B *	23,500		915,795
			2,858,283
Cellular Communications - 0.22%
ALLTEL Corp.	14,600		1,017,328
Crown Castle International Corp. *	8,975		364,654
Motorola, Inc.	51,600		956,148
			2,338,130
Chemicals - 0.15%
E.I. Du Pont de Nemours & Company	31,710		1,571,548
Computers & Business Equipment - 0.16%
Dell, Inc. *	58,800		1,622,880
Construction Materials - 0.17%
USG Corp. * (a)	18,700		702,185
Vulcan Materials Company	12,500		1,114,375
			1,816,560
Cosmetics & Toiletries - 0.72%
Avon Products, Inc.	36,400		1,366,092
Colgate-Palmolive Company	25,100		1,790,132
International Flavors & Fragrances, Inc.	28,800		1,522,368
Kimberly-Clark Corp.	14,200		997,692

Spectrum Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cosmetics & Toiletries (continued)
Procter & Gamble Company	25,300	$	1,779,602
			7,455,886
Crude Petroleum & Natural Gas - 0.11%
Statoil ASA, ADR	24,000		814,080
Statoil ASA	8,900		302,159
			1,116,239
Drugs & Health Care - 0.14%
Wyeth	32,000		1,425,600
Electrical Equipment - 0.08%
Cooper Industries, Ltd., Class A	16,800		858,312
Electrical Utilities - 0.48%
Ameren Corp.	5,500		288,750
Entergy Corp.	16,100		1,743,469
FirstEnergy Corp.	16,800		1,064,112
Pinnacle West Capital Corp.	16,100		636,111
TECO Energy, Inc.	17,900		294,097
Xcel Energy, Inc.	45,700		984,378
			5,010,917
Electronics - 0.10%
Sony Corp.	21,400		1,036,685
Energy - 0.22%
Duke Energy Corp.	53,870		1,006,830
Energy East Corp.	2,570		69,518
Progress Energy, Inc.	25,850		1,211,073
			2,287,421
Financial Services - 1.46%
Bank of New York Mellon Corp.	44,900		1,981,886
Capital One Financial Corp.	11,300		750,659
Charles Schwab Corp.	78,100		1,686,960
Citigroup, Inc.	41,105		1,918,371
Countrywide Financial Corp.	35,600		676,756
Federal National Mortgage Association	13,600		827,016
JP Morgan Chase & Company	85,910		3,936,396
Legg Mason, Inc.	10,700		901,903
Merrill Lynch & Company, Inc.	7,100		506,088
State Street Corp.	18,400		1,254,144
Wells Fargo & Company	19,400		691,028
			15,131,207
Food & Beverages - 0.65%
B&G Foods Inc	16,525		342,067
Campbell Soup Company	14,200		525,400
General Mills, Inc.	25,000		1,450,250
Hershey Company	16,800		779,688
Kraft Foods, Inc., Class A	32,100		1,107,771
McCormick & Company, Inc.	16,900		607,893
Sysco Corp.	14,600		519,614
The Coca-Cola Company	25,100		1,442,497
			6,775,180

The accompanying notes are an integral part of the financial statements. 

337

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Gas & Pipeline Utilities - 0.20%
NiSource, Inc.	70,300	$	1,345,542
Spectra Energy Corp.	28,300		692,784
Williams Companies, Inc.	230		7,834
			2,046,160
Healthcare Products - 0.35%
Baxter International, Inc.	19,600		1,103,088
Boston Scientific Corp. *	26,800		373,860
Johnson & Johnson	32,200		2,115,540
			3,592,488
Holdings Companies/Conglomerates - 0.58%
General Electric Company	144,500		5,982,300
Homebuilders - 0.04%
D.R. Horton, Inc.	33,600		430,416
Household Products - 0.28%
Fortune Brands, Inc.	17,100		1,393,479
Newell Rubbermaid, Inc.	53,400		1,538,988
			2,932,467
Industrial Machinery - 0.11%
Ingersoll-Rand Company, Ltd., Class A	16,700		909,649
Pall Corp.	5,800		225,620
			1,135,269
Insurance - 0.95%
American International Group, Inc.	30,400		2,056,560
Chubb Corp.	14,000		750,960
Genworth Financial, Inc., Class A	17,900		550,067
Lincoln National Corp.	26,800		1,767,996
Marsh & McLennan Companies, Inc.	83,700		2,134,350
Progressive Corp.	34,500		669,645
The Travelers Companies, Inc.	23,200		1,167,888
UnumProvident Corp.	30,100		736,547
			9,834,013
International Oil - 1.66%
Anadarko Petroleum Corp.	26,800		1,440,500
BP PLC, ADR	18,400		1,276,040
Chevron Corp.	44,490		4,163,374
Exxon Mobil Corp.	43,200		3,998,592
Hess Corp.	28,440		1,892,113
Murphy Oil Corp.	23,500		1,642,415
Royal Dutch Shell PLC, ADR	35,200		2,892,736
			17,305,770
Internet Content - 0.14%
Yahoo!, Inc. *	53,400		1,433,256
Leisure Time - 0.17%
Lakes Gaming, Inc. * (a)	23,275		221,811
Walt Disney Company	44,400		1,526,916
			1,748,727
Liquor - 0.21%
Anheuser-Busch Companies, Inc.	36,200		1,809,638

Spectrum Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Liquor (continued)
Brown Forman Corp., Class B	4,500	$	337,095
			2,146,733
Manufacturing - 0.59%
3M Company	29,000		2,713,820
General Cable Corp. *	6,850		459,772
Honeywell International, Inc.	25,000		1,486,750
Illinois Tool Works, Inc.	25,300		1,508,892
			6,169,234
Office Furnishings & Supplies - 0.12%
Avery Dennison Corp.	21,300		1,214,526
Paper - 0.35%
International Paper Company	72,765		2,610,080
MeadWestvaco Corp.	35,360		1,044,181
			3,654,261
Petroleum Services - 0.22%
BJ Services Company	29,900		793,845
Schlumberger, Ltd.	14,200		1,491,000
			2,284,845
Pharmaceuticals - 0.94%
Abbott Laboratories	22,100		1,185,002
Bristol-Myers Squibb Company	48,800		1,406,416
Eli Lilly & Company	40,900		2,328,437
Merck & Company, Inc.	53,600		2,770,584
Pfizer, Inc.	85,070		2,078,260
			9,768,699
Photography - 0.12%
Eastman Kodak Company (a)	47,700		1,276,452
Publishing - 0.54%
Dow Jones & Company, Inc.	26,800		1,599,960
Gannett Company, Inc.	30,400		1,328,480
McGraw-Hill Companies, Inc.	16,000		814,560
The New York Times Company, Class A (a)	56,100		1,108,536
Tribune Company	28,393		775,697
			5,627,233
Railroads & Equipment - 0.17%
Union Pacific Corp.	16,000		1,808,960
Real Estate - 0.01%
Weingarten Realty Investors, REIT	2,210		91,627
Retail Trade - 0.42%
Bed Bath & Beyond, Inc. *	33,600		1,146,432
Gap, Inc.	21,000		387,240
Home Depot, Inc.	41,200		1,336,528
Wal-Mart Stores, Inc.	35,500		1,549,575
			4,419,775
Sanitary Services - 0.10%
Waste Management, Inc.	26,800		1,011,432
Semiconductors - 0.26%
Analog Devices, Inc.	36,500		1,319,840
Applied Materials, Inc.	19,600		405,720

The accompanying notes are an integral part of the financial statements. 

338

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Intel Corp.	36,500	$	943,890
			2,669,450
Software - 0.28%
Microsoft Corp.	99,500		2,931,270
Telecommunications Equipment &
Services - 0.26%
Alcatel SA, ADR	53,500		544,630
Nokia Oyj, SADR	14,200		538,606
Verizon Communications, Inc.	37,100		1,642,788
			2,726,024
Telephone - 0.66%
AT&T, Inc.	87,665		3,709,106
Qwest Communications International, Inc. *	171,300		1,569,108
Sprint Nextel Corp.	71,100		1,350,900
Windstream Corp.	15,051		212,520
			6,841,634
Tobacco - 0.07%
UST, Inc.	14,805		734,328
Toys, Amusements & Sporting Goods - 0.11%
Mattel, Inc.	49,700		1,165,962
Trucking & Freight - 0.06%
United Parcel Service, Inc., Class B	7,700		578,270
TOTAL COMMON STOCKS (Cost $149,854,464)		$	172,335,523
PREFERRED STOCKS - 0.20%
Automobiles - 0.06%
General Motors Corp., Series C *	27,750		679,598
Broadcasting - 0.03%
Spanish Broadcasting System, Series B *	281		302,075
Energy - 0.03%
NRG Energy, Inc. *	150		325,538
Financial Services - 0.02%
Mitsubishi UFJ Financial Group, Inc., Capital
Finance 1, Ltd. * (b)	200,000		190,113
Healthcare Products - 0.02%
Fresenius Medical Care Capital Trust *	175		175,437
Telecommunications Equipment &
Services - 0.04%
Lucent Technologies Capital Trust I *	400		384,000
TOTAL PREFERRED STOCKS (Cost $1,927,522)		$	2,056,761
TERM LOANS - 1.31%
Auto Parts - 0.04%
Rental Service Corp., Term B3
5.57% due 11/27/2013	397,920		386,978
Cellular Communications - 0.07%
MetroPCS Wireless, Inc., Term B3
7.625% due 11/03/2013	746,241		736,446

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Chemicals - 0.05%
Celanese AG Term Loan B
7.099% due 04/02/2014	$	498,750	$	488,276
Commercial Services - 0.07%
Aramark Corp., Tranche B
7.485% due 01/26/2017 (b)		490,273		481,541
Education Management
7.00% due 06/01/2013 (f)		244,548		236,845
				718,386
Containers & Glass - 0.02%
Berry Plastics Group, Inc.
7.35% due 04/03/2015		248,750		243,376
Educational Services - 0.09%
Cengage Learning, Inc. Bankdebt
7.95% due 07/15/2014		250,000		243,438
Laureate Education Bankdebt
7.00% due 08/17/2014		750,000		729,375
				972,813
Energy - 0.26%
Dresser Inc. Term Loan
8.56% due 06/30/2009		250,000		246,719
Hercules Offshore Term Loan
7.36% due 07/31/2013		250,000		246,250
NRG Energy, Inc.
7.00% due 02/01/2014 (f)		250,000		246,146
Sandridge Energy Bank, Term B3
8.625% due 11/30/2007		1,000,000		995,000
10.125% due 04/01/2014		500,000		497,500
Stallion Oilfield
9.82% due 08/01/2012		500,000		487,500
				2,719,115
Financial Services - 0.14%
Dynegy Holdings, Term Ba1
6.82% due 03/30/2013		250,000		239,791
Local TV Finance LLC
7.36% due 05/07/2013		250,000		239,375
Univision Oomm Bank, Term Ba3
7.60% due 09/15/2014 (f)		1,000,000		955,835
				1,435,001
Food & Beverages - 0.02%
Outback Term Loan B
7.606% due 05/09/2014		249,422		237,574
Gas & Pipeline Utilities - 0.05%
Venoco Term Loan
9.32% due 05/08/2014		500,000		493,750
Healthcare Services - 0.05%
Iasis Healthcare Corp.
10.605% due 06/16/2011		513,258		492,727
Hotels & Restaurants - 0.04%
Isle of Capri Casinos
4.158% due 01/18/2014 (f)		498,971		481,818

The accompanying notes are an integral part of the financial statements. 

339

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Leisure Time - 0.07%
Fontainebleau Las Vagas
7.00% due 06/06/2014	$	250,000	$	237,813
Fontainebleau Las Vegas
8.61% due 05/31/2014		250,000		239,375
Town Sports Bank, Term Ba2
7.375% due 03/01/2014		248,750		237,556
				714,744
Metal & Metal Products - 0.05%
Algoma Acq
7.86% due 06/30/2013		500,000		483,750
Publishing - 0.02%
Penton Media Bank, Term B1
7.61% due 02/01/2013		248,750		237,970
Retail - 0.05%
Neiman Marcus Group
7.00% due 04/08/2013 (f)		500,000		493,853
Telecommunications Equipment &
Services - 0.10%
Trilogy International Partners
8.86% due 06/27/2012		500,000		482,500
Wind Acquisition Finance SA, Term B
3.40% due 12/07/2011		534,801		540,149
				1,022,649
Utility Service - 0.12%
NRG Energy, Inc.
7.11% due 06/23/2010		1,248,674		1,229,426
TOTAL TERM LOANS (Cost $13,816,681)			$	13,588,652
U.S. TREASURY OBLIGATIONS - 9.29%
Treasury Inflation Protected
Securities (d) - 1.52%
1.875% due 07/15/2013		1,355,297		1,333,697
2.00% due 01/15/2026		320,094		305,690
2.50% due 07/15/2016		8,092,347		8,242,816
2.625% due 07/15/2017		2,211,088		2,279,147
2.00% due 07/15/2014 ***		3,478,729		3,431,710
3.625% due 01/15/2008		238,530		238,232
				15,831,292
U.S. Treasury Bonds - 4.40%
4.75% due 02/15/2037		6,965,000		6,868,688
5.50% due 08/15/2028		409,000		441,464
6.125% due 08/15/2029 ***		2,599,000		3,031,895
6.25% due 05/15/2030 ***		1,073,000		1,275,529
7.875% due 02/15/2021		3,111,000		4,036,037
8.875% due 08/15/2017 ***		520,000		692,900
4.50% due 02/15/2036 ***		3,187,000		3,021,426
5.375% due 02/15/2031 ***		4,262,000		4,562,339
6.00% due 02/15/2026		2,980,000		3,374,850
6.375% due 08/15/2027		3,670,000		4,354,972
7.125% due 02/15/2023		4,412,000		5,475,707
7.25% due 08/15/2022		2,265,000		2,831,250
7.625% due 02/15/2025 ***		1,264,000		1,665,024

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
U.S. Treasury Bonds (continued)
8.00% due 11/15/2021	$	915,000	$	1,206,799
8.875% due 02/15/2019 ***		2,139,000		2,910,711
				45,749,591
U.S. Treasury Notes - 3.31%
4.75% due 08/15/2017		1,820,000		1,844,457
3.00% due 02/15/2009		3,125,000		3,083,741
3.875% due 02/15/2013 *** ****		6,440,000		6,332,832
4.00% due 11/15/2012 ***		12,215,000		12,111,930
4.50% due 02/15/2009 to 11/15/2015		3,315,000		3,333,348
4.625% due 07/31/2012		915,000		930,941
4.75% due 05/31/2012		1,000,000		1,022,734
4.875% due 06/30/2012		125,000		128,496
5.125% due 05/15/2016		5,405,000		5,631,756
				34,420,235
U.S. Treasury Strips - 0.06%
zero coupon due 05/15/2020 ***		1,070,000		574,381
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $95,414,373)			$	96,575,499
U.S. GOVERNMENT AGENCY OBLIGATIONS - 21.15%
Federal Agricultural Mortgage Corp. - 0.03%
6.00% due 08/01/2021 to 11/01/2021		360,375		365,339
Federal Home Loan Bank - 0.18%
3.875% due 08/22/2008		400,000		397,309
5.125% due 08/14/2013		930,000		948,443
5.25% due 06/18/2014		510,000		522,987
				1,868,739
Federal Home Loan Mortgage Corp. - 2.92%
3.55% due 11/15/2007		400,000		399,259
3.625% due 09/15/2008		400,000		396,372
4.4470% due 09/01/2032		26,522		26,724
4.50% due 10/01/2007 to 06/01/2019		801,378		773,731
4.625% due 02/21/2008		570,000		569,303
4.647% due 07/01/2035		137,689		136,141
4.703% due 02/01/2035		235,798		233,340
4.755% due 07/01/2035		75,044		75,388
5.00% due 01/01/2009 to 11/01/2035		4,620,683		4,432,874
5.049% due 11/01/2035		219,998		217,728
5.068% due 03/01/2036		645,564		639,033
5.134% due 02/27/2009 to 01/01/2036		4,252,223		4,300,402
5.347% due 02/01/2037		1,728,922		1,727,500
5.361% due 04/01/2037		759,217		761,056
5.388% due 01/01/2036		103,674		103,519
5.406% due 02/01/2037		665,703		667,264
5.465% due 02/01/2037		999,122		1,004,627
5.50% due 03/01/2018 to 04/01/2029		1,281,485		1,281,203
5.552% due 10/01/2036		758,745		762,877
5.934% due 02/01/2037		1,296,502		1,311,464
5.989% due 12/01/2036		1,526,711		1,535,903
6.00% due 06/15/2011 to 01/01/2037		3,261,848		3,347,463
6.014% due 11/01/2036		735,296		740,061

The accompanying notes are an integral part of the financial statements. 

340

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
6.047% due 10/01/2036	$	1,143,843	$	1,162,675
6.13% due 10/01/2036		818,492		826,821
6.222% due 08/01/2036		1,141,940		1,151,468
6.50% due 05/01/2017 to 01/01/2036		1,690,671		1,730,476
7.00% due 02/01/2024 to 06/01/2032		44,553		46,210
7.50% due 05/01/2024 to 06/01/2024		4,916		5,158
10.50% due 05/01/2019		450		491
				30,366,531
Federal National Mortgage
Association - 7.52%
3.25% due 08/15/2008		680,000		671,867
3.50% due 02/17/2009 (b)		220,000		215,873
3.808% due 10/01/2033		146,884		144,934
3.875% due 07/15/2008		400,000		397,415
4.375% due 09/15/2012 to 10/15/2015		1,185,000		1,155,827
4.50% due 05/01/2018 to 07/01/2035		6,561,073		6,286,947
4.586% due 07/01/2035		181,171		179,374
4.625% due 10/15/2014		660,000		652,217
4.782% due 11/01/2035		253,527		253,573
4.803% due 09/01/2035 (b)		590,850		578,849
4.875% due 12/15/2016		350,000		347,122
5.00% due 01/01/2009 to 10/01/2035		13,523,530		13,162,529
5.321% due 12/01/2035		188,363		187,864
5.342% due 12/01/2035		211,608		211,059
5.448% due 09/01/2037 (b)		550,000		551,814
5.477% due 06/01/2037 (b)		174,227		175,072
5.50% due 07/01/2013 to 04/01/2037		29,822,728		29,401,742
5.509% due 12/01/2035		321,558		321,726
5.543% due 07/01/2027 to 07/01/2036		1,357,293		1,366,674
5.551% due 01/01/2037 (b)		360,611		363,774
5.624% due 01/01/2019		954		961
5.655% due 12/01/2035		94,418		94,800
5.75% due 02/15/2008		500,000		501,451
5.801% due 08/01/2037 (b)		648,751		655,321
5.992% due 08/01/2036 to 09/01/2036		1,340,560		1,356,181
6.00% due 05/15/2011 to 09/01/2036		11,356,480		11,483,050
6.04% due 12/01/2036		580,813		589,596
6.50% due 06/01/2013 to 12/01/2036		4,769,430		4,862,964
7.00% due 12/01/2029 to 04/01/2037		152,370		157,185
7.125% due 06/15/2010 to 01/15/2030		1,670,000		1,846,923
				78,174,684
Government National Mortgage
Association - 10.50%
4.00% due 09/15/2018		496,895		470,139
4.50% due 10/15/2018 to 11/20/2035		2,320,983		2,193,178
5.00% due 01/15/2019 to 06/20/2036		23,690,919		22,883,021
5.00% TBA **		900,000		870,750
5.50% due 11/15/2017 to 09/20/2036		31,064,501		30,649,528
5.50% TBA **		6,758,000		6,662,969
6.00% due 11/15/2008 to 09/15/2037		30,543,774		30,771,076
6.00% TBA **		52,745		53,473

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Government National Mortgage
Association (continued)
6.50% due 07/15/2009 to 09/15/2037	$	9,442,655	$	9,663,026
6.50% TBA **		1,936		1,987
7.00% due 09/15/2012 to 10/20/2036		3,492,000		3,645,212
7.50% due 09/15/2012 to 06/15/2032		516,795		541,711
8.00% due 12/15/2007 to 06/20/2029		372,117		394,616
8.50% due 07/15/2008 to 02/15/2027		93,611		100,330
9.00% due 03/15/2009 to 09/15/2024		52,525		56,423
9.25% due 10/15/2016 to 12/15/2019		6,443		6,956
9.50% due 06/15/2009 to 12/15/2024		19,109		20,616
9.75% due 07/15/2017 to 02/15/2021		5,798		6,509
10.00% due 02/15/2016 to 03/15/2026		81,006		91,252
10.25% due 05/15/2020 to 11/15/2020		3,960		4,489
10.50% due 03/15/2014 to 07/15/2019		13,089		14,851
11.00% due 12/15/2009 to 07/20/2020		22,581		25,258
11.50% due 03/15/2010 to 11/15/2019		16,337		18,475
11.75% due 08/15/2013		1,394		1,579
12.00% due 10/15/2010 to 06/15/2015		20,197		23,040
12.25% due 03/15/2014 to 07/20/2015		1,890		2,130
12.50% due 04/15/2010 to 07/15/2015		7,406		8,195
12.75% due 12/20/2013 to 11/20/2014		1,444		1,629
13.00% due 01/15/2011 to 09/20/2015		6,081		6,916
13.50% due 05/15/2010 to 09/15/2014		3,214		3,604
				109,192,938
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $220,473,811)			$	219,968,231
FOREIGN GOVERNMENT OBLIGATIONS - 13.73%
Argentina - 0.20%
Republic of Argentina
zero coupon, Step up to 2.5% on
03/31/2009 due 12/31/2038		100,000		40,750
zero coupon, Step up to 1.18% on
03/31/2009 due 12/31/2038 (b)	ARS	400,000		54,612
2.00% due 09/30/2014 (b)		1,093,000		347,039
5.83% due 12/31/2033 (b)		505,111		195,851
7.00% due 10/03/2015	$	950,000		776,625
7.875% due 04/11/2011		250,000		239,375
Argentina Government International Bond, Series
8.28% due 12/31/2033		174,144		158,035
Argentina Bonos, Series X
7.00% due 04/17/2017		350,000		292,250
				2,104,537
Austria - 1.07%
Republic of Austria
4.00% due 07/15/2009	EUR	2,900,000		4,115,261
5.50% due 01/15/2010		548,000		802,085
6.25% due 07/15/2027		47,000		80,500
Austria Government Bond, Series EMTN
5.50% due 10/20/2007		4,300,000		6,115,450
				11,113,296

The accompanying notes are an integral part of the financial statements. 

341

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Belgium - 0.38%
Kingdom of Belgium
3.00% due 03/28/2010	EUR	1,290,000	$	1,787,535
4.25% due 09/28/2013		466,000		660,889
5.00% due 03/28/2035		1,035,000		1,535,546
				3,983,970
Brazil - 0.89%
Federative Republic of Brazil
7.125% due 01/20/2037	$	1,000,000		1,117,000
7.875% due 03/07/2015		50,000		56,475
8.00% due 01/15/2018		320,000		357,120
8.00% due 01/15/2018		150,000		167,625
8.75% due 02/04/2025		475,000		608,000
8.875% due 10/14/2019		450,000		560,250
10.00% due 01/01/2012	BRL	3,529,000		1,883,990
11.00% due 08/17/2040	$	100,000		133,750
Brazil Notas do Tesouro Nacional Serie F
10.00% due 01/01/2014	BRL	2,836,000		1,485,873
10.00% due 01/01/2017		1,348,000		692,560
Federative Republic of Brazil, Series NTNB
6.00% due 05/15/2015		1,700,000		1,507,630
Federative Republic of Brazil
6.00% due 01/17/2017	$	700,000		709,450
				9,279,723
Canada - 0.17%
Government of Canada
5.75% due 06/01/2033	CAD	529,000		634,598
Province of Ontario
5.00% due 03/08/2014		1,074,000		1,103,930
				1,738,528
Colombia - 0.05%
Republic of Colombia
7.375% due 01/27/2017	$	300,000		326,250
7.375% due 09/18/2037		200,000		220,000
				546,250
Denmark - 0.05%
Kingdom of Denmark
5.00% due 11/15/2013	DKK	2,438,000		481,902
7.00% due 11/10/2024		351,000		85,771
				567,673
Ecuador - 0.02%
Republic of Ecuador
10.00% due 08/15/2030	$	200,000		180,000
France - 1.29%
Government of France
4.00% due 04/25/2009	EUR	1,100,000		1,561,712
4.75% due 10/25/2012		895,000		1,301,511
5.50% due 04/25/2029		614,000		970,445
5.50% due 04/25/2010		3,235,000		4,748,592
5.75% due 10/25/2032		1,370,000		2,255,570
French Treasury Note BTAN
3.75% due 01/12/2012		1,875,000		2,617,942
				13,455,772

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
GD - 0.01%
Grenada Government International Bond, Series
REGS
1 due 09/15/2025	$	230,000	$	125,350
Germany - 0.78%
Bundesrepublik Deutschland, Series 06
3.75% due 01/04/2017	EUR	275,000		374,820
Federal Republic of Germany
4.00% due 01/04/2037		2,840,000		3,661,941
4.25% due 07/04/2014		20,000		28,428
4.50% due 01/04/2013		1,846,000		2,662,437
4.75% due 07/04/2028		234,000		338,530
4.75% due 07/04/2034		720,000		1,045,613
				8,111,769
Greece - 0.12%
Hellenic Republic Government Bond
5.25% due 05/18/2012		830,000		1,224,028
Indonesia - 0.08%
Republic of Indonesia
6.625% due 02/17/2037	$	600,000		573,900
8.50% due 10/12/2035		100,000		118,000
Republic of Indonesia
10.25% due 07/15/2022	IDR	1,500,000,000		170,936
				862,836
Iraq - 0.09%
Republic of Iraq, Series REGS
5.80% due 01/15/2028	$	1,500,000		896,250
Ireland - 0.17%
Depfa ACS Bank, Series REGS
4.375% due 01/15/2015	EUR	1,200,000		1,684,616
Republic of Ireland
4.00% due 04/18/2010		92,000		130,380
				1,814,996
Italy - 0.70%
Republic of Italy
4.25% due 08/01/2014		202,000		285,811
5.00% due 10/15/2007		320,000		455,094
5.25% due 09/20/2016	$	450,000		455,800
5.50% due 11/01/2010	EUR	1,600,000		2,357,571
6.00% due 11/01/2007		987,000		1,405,154
6.00% due 05/01/2031		454,000		746,059
7.25% due 11/01/2026		73,000		135,185
Italy Buoni Poliennali Del Tesoro
5.25% due 08/01/2017		960,000		1,440,313
				7,280,987
Jamaica - 0.12%
Government of Jamaica
9.00% due 06/02/2015	$	185,000		197,950
10.625% due 06/20/2017		870,000		1,036,170
				1,234,120

The accompanying notes are an integral part of the financial statements. 

342

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Japan - 2.90%
Government of Japan
1.00% due 12/20/2012	JPY	177,050,000	$	1,521,695
1.00% due 06/10/2016		179,135,800		1,527,126
1.10% due 12/10/2016		189,638,400		1,631,009
1.30% due 12/20/2013		327,600,000		2,846,413
1.30% due 03/20/2015		63,100,000		543,675
1.40% due 03/21/2011		305,250,000		2,685,252
1.40% due 03/20/2012		187,400,000		1,647,557
1.70% due 09/20/2016		668,850,000		5,880,191
1.90% due 03/20/2025		377,950,000		3,204,870
1.90% due 12/20/2010		33,450,000		298,723
1.90% due 06/20/2016		32,200,000		288,194
2.00% due 06/20/2022		61,100,000		534,276
2.00% due 12/20/2033		145,650,000		1,172,595
2.20% due 06/22/2020		24,200,000		218,852
Japan Government Ten Year Bond, Series 275
1.40% due 12/20/2015		205,000,000		1,769,697
Japan Government Five Year Bond, Series 64
1.50% due 06/20/2012		501,950,000		4,429,253
				30,199,378
Lebanon - 0.00%
Government of Lebanon
8.25% due 04/12/2021	$	50,000		44,575
Luxembourg - 0.01%
Arcelor Finance SCA
4.625% due 11/07/2014	EUR	60,000		80,020
Malaysia - 0.20%
Malaysia Government Bond, Series 5/06
3.718% due 06/15/2012	MYR	6,340,000		1,869,493
Malaysia Government Bond
3.756% due 04/28/2011		717,000		211,714
				2,081,207
Mexico - 1.00%
Government of Mexico
5.625% due 01/15/2017	$	500,000		498,500
6.75% due 09/27/2034		425,000		462,187
7.50% due 04/08/2033		55,000		65,285
8.00% due 12/24/2008	MXN	5,530,000		507,703
8.00% due 12/17/2015		26,170,000		2,406,228
8.00% due 12/19/2013		18,575,000		1,715,373
8.125% due 12/30/2019	$	155,000		188,093
9.00% due 12/22/2011	MXN	20,250,000		1,940,258
9.00% due 12/20/2012		16,300,000		1,568,349
9.00% due 12/24/2009		7,050,000		662,342
9.50% due 12/18/2014		4,180,000		416,643
				10,430,961
Netherlands - 0.46%
Kingdom of Netherlands
5.00% due 07/15/2011	EUR	2,831,000		4,138,623
5.25% due 07/15/2008		321,000		460,227
5.50% due 01/15/2028		132,000		208,712
				4,807,562

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Philippines - 0.06%
Republic of Philippines
7.75% due 01/14/2031	$	375,000	$	415,313
10.625% due 03/16/2025		155,000		218,162
				633,475
Poland - 0.45%
Republic of Poland
5.00% due 10/24/2013	PLN	7,350,000		2,678,685
5.25% due 10/25/2017		2,820,000		1,026,551
6.25% due 10/24/2015		2,415,000		940,296
				4,645,532
Portugal - 0.02%
Republic of Portugal
5.15% due 06/15/2011	EUR	114,000		167,000
Russia - 0.16%
Russian Federation, Series REGS
7.50% due 03/31/2030	$	1,498,675		1,690,355
Serbia - 0.17%
Republic of Serbia
zero coupon, Step up to 3.75% on
11/01/2009 due 11/01/2024		1,870,000		1,748,450
South Africa - 0.13%
South Africa Government International Bond
5.875% due 05/30/2022		100,000		97,875
Republic of South Africa
6.50% due 06/02/2014		555,000		584,137
13.00% due 08/31/2010	ZAR	4,046,000		647,440
				1,329,452
Spain - 0.37%
Kingdom of Spain
4.00% due 01/31/2010	EUR	45,000		63,878
5.50% due 03/08/2011	AUD	840,000		713,486
5.75% due 07/30/2032	EUR	123,000		201,977
6.00% due 01/31/2008		2,000,000		2,859,182
				3,838,523
Sweden - 0.32%
Kingdom of Sweden
5.00% due 01/28/2009	SEK	13,330,000		2,085,289
5.125% due 03/01/2017	$	425,000		420,174
5.25% due 03/15/2011	SEK	5,120,000		816,844
				3,322,307
Turkey - 0.67%
Republic of Turkey
6.875% due 03/17/2036	$	800,000		763,000
7.00% due 06/05/2020		675,000		678,409
7.375% due 02/05/2025		35,000		36,269
14.00% due 01/19/2011	TRY	4,358,629		3,495,475
Turkey Government Bond
16.00% due 03/07/2012		2,307,000		1,939,737
				6,912,890

The accompanying notes are an integral part of the financial statements. 

343

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
United Kingdom - 0.56%
Government of United Kingdom
4.25% due 06/07/2032	GBP	2,320,000	$	4,439,264
4.75% due 06/07/2010		655,000		1,327,877
				5,767,141
Uruguay - 0.01%
Republic of Uruguay
4.25% due 04/05/2027	UYU	2,000,000		90,612
Vietnam - 0.05%
Socialist Republic of Vietnam
6.875% due 01/15/2016	$	450,000		470,843
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $135,990,235)			$	142,780,368
CORPORATE BONDS - 24.56%
Advertising - 0.26%
Lamar Advertising Co, Series B
2.875% due 12/31/2010		325,000		373,028
Lamar Media Corp.
6.625% due 08/15/2015		425,000		410,125
R.H. Donnelley Corp.
8.875% due 10/15/2017		725,000		735,875
10.875% due 12/15/2012		300,000		319,500
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		850,000		865,938
				2,704,466
Aerospace - 0.28%
Boeing Company
8.75% due 08/15/2021		45,000		57,125
GenCorp, Inc.
9.50% due 08/15/2013		725,000		755,812
Hawker Beechcraft Acquisition Company LLC
8.50% due 04/01/2015		700,000		715,750
9.75% due 04/01/2017		200,000		204,500
Northrop Grumman Corp.
7.125% due 02/15/2011		330,000		350,383
7.75% due 03/01/2016		30,000		34,105
Rolls-Royce Group PLC, EMTN
4.50% due 03/16/2011	EUR	50,000		70,276
Sequa Corp.
9.00% due 08/01/2009	$	25,000		26,000
TransDigm, Inc.
7.75% due 07/15/2014		375,000		378,750
United Technologies Corp.
4.375% due 05/01/2010		250,000		247,344
5.40% due 05/01/2035		100,000		93,665
				2,933,710
Agriculture - 0.07%
Bunge, Ltd.
4.375% due 12/15/2008		305,000		301,708
5.90% due 04/01/2017		455,000		435,097
				736,805

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Air Travel - 0.07%
Air Jamaica, Ltd., Series REGS
9.375% due 07/08/2015	$	50,000	$	53,875
Continental Airlines, Inc.
8.75% due 12/01/2011		475,000		456,000
Southwest Airlines Company
6.50% due 03/01/2012		160,000		165,423
				675,298
Aluminum - 0.05%
Century Aluminum Company
7.50% due 08/15/2014		300,000		303,000
Novelis, Inc.
7.25% due 02/15/2015		275,000		265,375
				568,375
Amusement & Theme Parks - 0.03%
Universal City Development Partners
11.75% due 04/01/2010		325,000		339,625
Apparel & Textiles - 0.09%
Federated Department Stores, Inc.
6.625% due 09/01/2008		100,000		100,773
INVISTA
9.25% due 05/01/2012		750,000		787,500
				888,273
Auto Parts - 0.16%
Accuride Corp.
8.50% due 02/01/2015		350,000		336,000
Commercial Vehicle Group, Inc.
8.00% due 07/01/2013		50,000		47,250
Tenneco Automotive, Inc.
8.625% due 11/15/2014		550,000		554,125
TRW Automotive, Inc.
7.25% due 03/15/2017		250,000		243,750
UCI Holdco, Inc.
12.69438% due 12/15/2013		355,474		337,700
United Components Inc
9.375% due 06/15/2013		100,000		101,500
				1,620,325
Auto Services - 0.13%
ERAC USA Finance Company
7.95% due 12/15/2009		260,000		274,945
Hertz Corp.
8.875% due 01/01/2014		500,000		515,000
10.50% due 01/01/2016		525,000		567,000
				1,356,945
Automobiles - 0.30%
AutoNation, Inc.
7.00% due 04/15/2014		550,000		525,250
7.36% due 04/15/2013 (b)		175,000		167,125
DaimlerChrysler N.A. Holding Corp.
6.50% due 11/15/2013		240,000		248,862
DaimlerChrysler N.A. Holding Corp., MTN
5.8095% due 08/03/2009 (b)		470,000		466,110
ERAC USA Finance Company
5.60% due 05/01/2015		205,000		198,255

The accompanying notes are an integral part of the financial statements. 

344

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Automobiles (continued)
Ford Motor Company
4.25% due 12/15/2036	$	191,000	$	224,349
7.45% due 07/16/2031		675,000		529,875
General Motors Corp.
7.20% due 01/15/2011		400,000		382,000
7.70% due 04/15/2016		350,000		314,125
8.375% due 07/05/2033	EUR	80,000		98,957
				3,154,908
Banking - 1.39%
American Express Centurion Bank
4.375% due 07/30/2009	$	300,000		296,543
Australia & New Zealand Banking Group,
Ltd., EMTN
4.45% due 02/05/2015 (b)	EUR	83,000		116,077
BAC Capital Trust VI
5.625% due 03/08/2035	$	463,000		413,591
Banca Intesa SpA, EMTN
5.85% due 05/08/2014 (b)	EUR	65,000		93,969
Banca Monte dei Paschi di Siena SpA, EMTN
4.50% due 09/24/2015 (b)		70,000		98,848
Bank of America Corp, Series EMTN
4.625% due 02/18/2014		110,000		152,267
Bank of America Corp.
4.50% due 08/01/2010	$	150,000		148,500
5.75% due 08/15/2016		205,000		204,588
Bank of Ireland
6.45% due 02/10/2010	EUR	47,000		68,905
Bank of New York
5.41% due 05/15/2009	$	300,000		303,111
Bank One Corp.
5.25% due 01/30/2013		180,000		178,449
Banque du Liban, Series ECD
10.00% due 04/25/2015		250,000		257,500
Barclays Bank PLC
7.40% due 12/15/2009		300,000		318,019
Barclays Bank PLC, EMTN
5.75% due 03/08/2011	EUR	85,000		123,306
BB&T Capital Trust II
6.75% due 06/07/2036	$	380,000		389,329
BBVA Bancomer SA/Grand Cayman, Series 144A
6.008% due 05/17/2022 (b)		100,000		98,812
BNP Paribas, EMTN
5.25% due 12/17/2012	EUR	120,000		172,006
Credit Agricole SA
6.637% due 12/31/2049 (b)	$	330,000		310,044
Credit Agricole SA, Series TSDI
zero coupon, Step up to 6% on
06/20/2018 due 06/20/2049 (b)	GBP	130,000		230,942
Credit Suisse Group Finance Guernsey, Ltd.
6.375% due 06/07/2013	EUR	70,000		104,317
Danske Bank A/S, EMTN
4.25% due 06/20/2016 (b)		80,000		107,860
Depfa ACS Bank
4.375% due 01/15/2015		750,000		1,050,988
Deutsche Bank AG
5.125% due 01/31/2013		100,000		139,897

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Eurohypo AG
4.50% due 01/21/2013	EUR	750,000	$	1,067,139
Goldman Sachs Group Inc/The
3.75% due 02/04/2013		75,000		99,401
HBOS PLC
6.00% due 11/01/2033	$	390,000		390,591
HBOS PLC, EMTN
4.375% due 10/30/2019 (b)	EUR	93,000		123,216
HSBC Bank PLC, EMTN
4.25% due 03/18/2016 (b)		54,000		74,786
HSBC Holdings PLC
6.50% due 05/02/2036	$	170,000		171,758
9.875% due 04/08/2018	GBP	120,000		282,050
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)	$	15,000		14,600
ING Bank NV, EMTN
5.50% due 01/04/2012	EUR	70,000		100,922
Inter-American Development Bank, Series MPLE
4.40% due 01/26/2026	CAD	745,000		694,585
International Bank for Reconstruction &
Development, Series GMTN
9.75% due 08/02/2010	ZAR	900,000		129,819
Islandsbanki HF
5.52% due 10/15/2008 (b)	$	175,000		174,908
Keybank NA, Series BKNT
4.412% due 03/18/2008		45,000		44,730
KeyCorp, MTN, Series G
4.70% due 05/21/2009		40,000		40,144
Kreditanstalt fuer Wiederaufbau
4.70% due 06/02/2037	CAD	430,000		407,890
Kreditanstalt fuer Wiederaufbau, Series EXCH
5.50% due 12/07/2015	GBP	450,000		916,464
Landwirtschaftliche Rentenbank, Series 7
3.75% due 06/15/2009	$	95,000		94,023
Lloyds TSB Group PLC
6.267% due 12/31/2049 (b)		315,000		288,124
Marshall & Ilsley Bank, Series BKNT
3.80% due 02/08/2008		95,000		94,437
Marshall & Ilsley Bank, Series MTN
5.15% due 02/22/2012		250,000		249,151
Mizuho Capital Investment EUR 1, Ltd.
5.02% due 06/29/2049 (b)	EUR	50,000		68,304
Nordea Bank Finland PLC, EMTN
5.75% due 03/26/2014 (b)		50,000		71,771
Northern Trust Company, Series BKNT
4.60% due 02/01/2013	$	100,000		96,391
Northern Trust Corp.
5.30% due 08/29/2011		141,000		141,788
PNC Funding Corp.
5.625% due 02/01/2017		195,000		190,584
Rabobank Nederland, EMTN
3.125% due 07/19/2010	EUR	70,000		95,748
Royal Bank of Scotland PLC, EMTN
zero coupon, Step up to 6.935% on
09/08/2014 due 06/29/2049 (b)	GBP	130,000		255,642
6.00% due 05/10/2013	EUR	40,000		58,946

The accompanying notes are an integral part of the financial statements. 

345

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Sanpaolo IMI SpA, EMTN
3.75% due 06/09/2015 (b)	EUR	57,000	$	78,488
Standard Chartered Bank, EMTN
3.625% due 02/03/2017 (b)		110,000		145,122
Sumitomo Mitsui Banking Corp, Series REGS
4.375% due 07/29/2049 (b)		100,000		124,650
Sumitomo Mitsui Banking Corp.
5.625% due 07/29/2049 (b)	$	200,000		186,107
SunTrust Banks, Inc.
7.75% due 05/01/2010		250,000		265,563
Svenska Handelsbanken, EMTN
6.125% due 03/29/2049 (b)	GBP	47,000		95,098
US Bancorp, MTN, Series P
4.50% due 07/29/2010	$	160,000		158,419
US Bank NA
6.50% due 02/01/2008		240,000		240,361
Wachovia Bank NA, Series BKNT
4.875% due 02/01/2015		350,000		331,077
Wachovia Corp.
4.375% due 08/01/2016	EUR	50,000		66,330
6.40% due 04/01/2008	$	100,000		100,541
Wells Fargo & Company
4.20% due 01/15/2010		175,000		172,070
4.875% due 01/12/2011		210,000		208,025
Wells Fargo Bank NA
4.75% due 02/09/2015		260,000		246,910
Westpac Banking Corp.
2.875% due 06/25/2008	EUR	20,000		28,081
World Savings Bank FSB, Series BKNT
4.125% due 12/15/2009	$	180,000		178,480
				14,441,102
Biotechnology - 0.02%
Genentech, Inc.
4.40% due 07/15/2010		110,000		108,606
4.75% due 07/15/2015		140,000		132,000
				240,606
Broadcasting - 0.49%
Allbritton Communications Company
7.75% due 12/15/2012		750,000		757,500
Barrington Broadcasting Group LLC
10.50% due 08/15/2014		250,000		257,500
Bonten Media Acquisition Company, PIK
9.00% due 06/01/2015		125,000		111,875
Canadian Satellite Radio Holdings, Inc., ADR
12.75% due 02/15/2014		225,000		220,500
CanWest Media, Inc.
8.00% due 09/15/2012		375,000		367,500
Clear Channel Communications, Inc.
6.25% due 03/15/2011		1,725,000		1,581,264
LIN Television Corp.
2.50% due 05/15/2033		68,000		66,130
News America Inc
6.15% due 03/01/2037		590,000		550,225
News America, Inc.
6.20% due 12/15/2034		180,000		169,469

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Broadcasting (continued)
News America, Inc. (continued)
7.375% due 10/17/2008	$	110,000	$	111,952
XM Satellite Radio, Inc.
9.75% due 05/01/2014		875,000		877,188
				5,071,103
Building Materials & Construction - 0.30%
Associated Materials, Inc.
zero coupon, Step up to 11.25% on
03/01/2009 due 03/01/2014		275,000		173,250
Builders FirstSource Inc
9.8075% due 02/15/2012 (b)		350,000		336,875
Columbus McKinnon Corp.
8.875% due 11/01/2013		560,000		576,800
CRH America Inc
5.30% due 10/15/2013		140,000		132,959
CRH America, Inc.
6.00% due 09/30/2016		240,000		233,193
6.40% due 10/15/2033		55,000		51,008
Esco Corp.
8.625% due 12/15/2013		600,000		591,000
9.569% due 12/15/2013 (b)		175,000		168,875
Lafarge SA
6.15% due 07/15/2011		130,000		132,540
Linde Finance BV, Series EMTN
4.75% due 04/24/2017	EUR	100,000		133,445
Owens Corning Inc
6.50% due 12/01/2016	$	115,000		111,070
Texas Industries, Inc.
7.25% due 07/15/2013		475,000		473,813
				3,114,828
Buildings - 0.01%
D.R. Horton, Inc.
4.875% due 01/15/2010		65,000		60,259
Business Services - 0.46%
Affinity Group, Inc.
9.00% due 02/15/2012		325,000		331,500
10.875% due 02/15/2012		117,214		120,730
Deluxe Corp.
7.375% due 06/01/2015		425,000		419,687
Dun & Bradstreet Corp.
5.50% due 03/15/2011		120,000		121,382
FTI Consulting, Inc.
7.625% due 06/15/2013		350,000		358,750
7.75% due 10/01/2016		250,000		258,750
Harland Clarke Holdings Corp.
9.50% due 05/15/2015		350,000		312,375
Invensys PLC
9.875% due 03/15/2011		450,000		473,625
Manpower, Inc., Series EMTN
4.75% due 06/14/2013	EUR	50,000		69,777
Nebraska Book Company, Inc.
8.625% due 03/15/2012	$	700,000		698,250
Sungard Data Systems, Inc.
9.125% due 08/15/2013		852,000		886,080

The accompanying notes are an integral part of the financial statements. 

346

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Business Services (continued)
West Corp.
11.00% due 10/15/2016	$	600,000	$	630,000
Xerox Corp.
6.75% due 02/01/2017		80,000		81,884
				4,762,790
Cable & Television - 1.09%
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		450,000		455,625
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		900,000		920,250
Charter Communications Operating LLC
8.375% due 04/30/2014		1,500,000		1,507,500
Comcast Cable Communications, Inc.
6.75% due 01/30/2011		225,000		233,369
Comcast Corp.
4.95% due 06/15/2016		329,000		304,789
5.875% due 02/15/2018		430,000		422,966
Cox Communications, Inc.
7.125% due 10/01/2012		169,000		179,110
Cox Enterprises, Inc.
4.375% due 05/01/2008		115,000		114,284
CSC Holdings, Inc.
7.25% due 07/15/2008		250,000		250,625
DirecTV Holdings LLC
8.375% due 03/15/2013		625,000		649,219
Echostar DBS Corp.
5.75% due 10/01/2008		15,000		15,000
6.625% due 10/01/2014		400,000		402,000
7.00% due 10/01/2013		150,000		153,375
Kabel Deutschland GmbH
10.625% due 07/01/2014		375,000		401,250
Mediacom Broadband LLC
8.50% due 10/15/2015		325,000		325,813
News America, Inc.
6.40% due 12/15/2035		200,000		193,151
Rainbow National Services LLC
8.75% due 09/01/2012		75,000		77,813
Rogers Cable, Inc.
5.50% due 03/15/2014		140,000		135,000
Shaw Communications, Inc.
8.25% due 04/11/2010		100,000		104,000
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012		771,000		788,348
Superior Essex Communications &
Essex Group, Inc.
9.00% due 04/15/2012		250,000		246,875
Time Warner Cable, Inc.
5.40% due 07/02/2012		665,000		656,822
Time Warner Entertainment Company LP
7.25% due 09/01/2008		295,000		298,301
8.375% due 07/15/2033		590,000		691,840
Time Warner, Inc.
5.50% due 11/15/2011		275,000		274,611

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable & Television (continued)
Univision Communications, Inc., PIK
9.75% due 03/15/2015	$	500,000	$	487,500
Viacom, Inc.
5.75% due 04/30/2011		85,000		85,822
6.25% due 04/30/2016		455,000		456,198
Videotron Ltee.
6.375% due 12/15/2015		100,000		94,000
6.875% due 01/15/2014		460,000		451,950
				11,377,406
Cellular Communications - 0.87%
America Movil SA de CV
6.375% due 03/01/2035		428,000		420,197
8.46% due 12/18/2036	MXN	1,000,000		89,802
American Cellular Corp.
10.00% due 08/01/2011	$	33,000		34,485
American Tower Corp.
3.00% due 08/15/2012		175,000		378,875
7.125% due 10/15/2012		160,000		163,600
AT&T Broadband Corp.
8.375% due 03/15/2013		431,000		483,081
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		350,000		378,703
Centennial Communications Corp.
10.00% due 01/01/2013		425,000		449,437
10.125% due 06/15/2013		475,000		503,500
Cricket Communications, Inc.
9.375% due 11/01/2014		1,125,000		1,141,875
9.375% due 11/01/2014		475,000		482,125
Digicel, Ltd.
9.25% due 09/01/2012		525,000		539,438
Dobson Communications Corp.
8.875% due 10/01/2013		650,000		692,250
9.875% due 11/01/2012		200,000		216,000
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		1,175,000		1,198,500
9.25% due 11/01/2014		425,000		433,500
Rogers Wireless, Inc.
6.375% due 03/01/2014		520,000		525,292
7.50% due 03/15/2015		160,000		171,475
8.00% due 12/15/2012		250,000		261,618
Rural Cellular Corp.
8.25% due 03/15/2012		125,000		129,687
11.10625% due 11/01/2012 (b)		75,000		76,500
Vodafone Group PLC
5.625% due 02/27/2017		275,000		267,289
				9,037,229
Chemicals - 0.26%
Dow Chemical Company, EMTN
4.375% due 06/25/2010	EUR	70,000		98,768
E.I. Du Pont de Nemours & Company
5.60% due 12/15/2036	$	285,000		257,081
Hercules, Inc.
6.75% due 10/15/2029		250,000		248,125
Huntsman International LLC
7.875% due 11/15/2014		425,000		452,625

The accompanying notes are an integral part of the financial statements. 

347

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Chemicals (continued)
Ineos Group Holdings PLC
8.50% due 02/15/2016	$	575,000	$	550,562
Lubrizol Corp.
4.625% due 10/01/2009		55,000		54,551
5.875% due 12/01/2008		180,000		180,553
Lyondell Chemical Company
8.25% due 09/15/2016		450,000		507,375
Terra Capital Inc, Series B
7.00% due 02/01/2017		325,000		316,875
				2,666,515
Coal - 0.12%
Alpha Natural Resources LLC
10.00% due 06/01/2012		400,000		420,000
Foundation PA Coal Company
7.25% due 08/01/2014		450,000		441,000
Peabody Energy Corp.
7.375% due 11/01/2016		375,000		395,625
				1,256,625
Commercial Services - 0.25%
Aramak Services, Inc.
8.85625% due 02/01/2015 (b)		1,600,000		1,616,000
Mac-Gray Corp.
7.625% due 08/15/2015		525,000		525,000
Rental Service Corp.
9.50% due 12/01/2014		425,000		405,875
Rentokil Initial PLC, Series EMTN
4.625% due 03/27/2014	EUR	50,000		67,643
				2,614,518
Computers & Business Equipment - 0.16%
Broadview Networks Holdings, Inc.
11.375% due 09/01/2012	$	225,000		233,438
Cisco Systems, Inc.
5.25% due 02/22/2011		200,000		201,860
Hewlett-Packard Company
5.25% due 03/01/2012		250,000		251,061
International Business Machines Corp., MTN
3.80% due 02/01/2008		155,000		154,271
Unisys Corp.
6.875% due 03/15/2010		225,000		218,813
7.875% due 04/01/2008		425,000		423,937
8.00% due 10/15/2012		50,000		47,375
Xerox Corp.
5.50% due 05/15/2012		35,000		34,665
6.40% due 03/15/2016		100,000		101,237
				1,666,657
Construction & Mining Equipment - 0.01%
Terex Corp.
7.375% due 01/15/2014		100,000		101,500
Containers & Glass - 0.60%
AEP Industries, Inc.
7.875% due 03/15/2013		400,000		387,000
Ball Corp.
6.875% due 12/15/2012		625,000		632,813

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Containers & Glass (continued)
Berry Plastics Holding Corp
10.25% due 03/01/2016	$	250,000	$	245,000
Berry Plastics Holding Corp.
8.875% due 09/15/2014		650,000		664,625
9.56938% due 09/15/2014 (b)		150,000		151,500
BWAY Corp.
10.00% due 10/15/2010		525,000		535,500
Clondalkin Acquisition BV
7.6944% due 12/15/2013 (b)		275,000		264,000
Graham Packaging Company
8.50% due 10/15/2012		150,000		148,875
Graphic Packaging International Corp.
8.50% due 08/15/2011		350,000		356,125
9.50% due 08/15/2013		50,000		51,375
Owens-Brockway Glass Container, Inc.
6.75% due 12/01/2014		525,000		517,781
8.25% due 05/15/2013		350,000		362,250
8.75% due 11/15/2012		45,000		47,081
Owens-Illinois, Inc.
7.35% due 05/15/2008		50,000		50,188
Plastipak Holdings, Inc.
8.50% due 12/15/2015		375,000		388,125
Sealed Air Corp.
5.375% due 04/15/2008		200,000		199,413
Silgan Holdings, Inc.
6.75% due 11/15/2013		375,000		363,750
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		375,000		368,437
8.375% due 07/01/2012		400,000		400,000
Stone Container Finance
7.375% due 07/15/2014		125,000		119,375
				6,253,213
Cosmetics & Toiletries - 0.01%
Chattem, Inc.
7.00% due 03/01/2014		50,000		49,625
Crude Petroleum & Natural Gas - 0.72%
Amerada Hess Corp.
7.375% due 10/01/2009		65,000		68,121
AmeriGas Partners LP
7.125% due 05/20/2016		25,000		24,312
7.25% due 05/20/2015		825,000		812,625
Atlantic Richfield Corp.
9.125% due 03/01/2011		95,000		108,450
Chaparral Energy, Inc.
8.50% due 12/01/2015		375,000		351,562
Chesapeake Energy Corp.
6.50% due 08/15/2017		1,455,000		1,414,988
6.875% due 11/15/2020		475,000		464,906
Compton Petroleum Finance Corp.
7.625% due 12/01/2013		600,000		579,000
Denbury Resources, Inc.
7.50% due 04/01/2013		225,000		230,062
7.50% due 12/15/2015		400,000		410,000
EnCana Corp.
4.60% due 08/15/2009		165,000		163,927

The accompanying notes are an integral part of the financial statements. 

348

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Crude Petroleum & Natural Gas
(continued)
EnCana Corp. (continued)
6.50% due 08/15/2034	$	40,000	$	40,932
Encore Acquisition Company
7.25% due 12/01/2017		525,000		497,438
Hess Corp.
7.875% due 10/01/2029		359,000		412,641
Hilcorp Energy I LP
7.75% due 11/01/2015		425,000		415,437
OPTI Canada, Inc.
7.875% due 12/15/2014		515,000		515,000
PetroHawk Energy Corp.
9.125% due 07/15/2013		400,000		422,000
Range Resources Corp.
7.50% due 05/15/2016		25,000		25,500
Southern Natural Gas Company
5.90% due 04/01/2017		98,000		95,373
W&T Offshore, Inc.
8.25% due 06/15/2014		400,000		385,000
				7,437,274
Diversified Financial Services - 0.06%
International Lease Finance Corp., Series MTN
5.30% due 05/01/2012		430,000		423,668
Lehman Brothers Holdings Inc, Series EMTN
4.625% due 03/14/2019 (b)	EUR	150,000		195,637
				619,305
Domestic Oil - 0.39%
ConocoPhillips Company
5.30% due 04/15/2012	$	270,000		270,317
5.90% due 10/15/2032		150,000		147,303
Devon Financing Corp., ULC
6.875% due 09/30/2011		660,000		697,683
7.875% due 09/30/2031		335,000		395,635
Diamond Offshore Drilling, Inc.
4.875% due 07/01/2015		220,000		206,399
5.15% due 09/01/2014		375,000		359,971
EOG Resources, Inc.
5.875% due 09/15/2017		195,000		194,934
Forest Oil Corp.
7.25% due 06/15/2019		675,000		675,000
8.00% due 12/15/2011		400,000		415,000
Marathon Oil Corp.
6.60% due 10/01/2037		80,000		81,796
Range Resources Corp.
6.375% due 03/15/2015		625,000		609,375
				4,053,413
Drugs & Health Care - 0.04%
CVS Corp.
3.875% due 11/01/2007		245,000		244,618
Wyeth
5.95% due 04/01/2037		205,000		197,829
				442,447

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Educational Services - 0.14%
AAC Group Holding Corp.
zero coupon, Step up to 10.25% on
10/01/2008 due 10/01/2012	$	200,000	$	178,000
Education Management Corp.
10.25% due 06/01/2016		1,250,000		1,293,750
				1,471,750
Electrical Equipment - 0.05%
General Cable Corp
7.125% due 04/01/2017		225,000		220,500
7.735% due 04/01/2015 (b)		175,000		169,750
Schneider Electric SA, Series EMTn
4.50% due 01/17/2014	EUR	100,000		137,248
				527,498
Electrical Utilities - 0.80%
AES Corp.
8.875% due 02/15/2011	$	300,000		313,125
9.00% due 05/15/2015		45,000		47,250
9.375% due 09/15/2010		100,000		105,500
Alabama Power Company
3.50% due 11/15/2007		130,000		129,701
5.695% due 08/25/2009 (b)		110,000		110,399
Allegheny Energy Supply Company LLC
8.25% due 04/15/2012		25,000		26,813
AmerenUE
5.40% due 02/01/2016		285,000		272,474
Appalachian Power Company
6.375% due 04/01/2036		160,000		157,664
Black Hills Corp.
6.50% due 05/15/2013		205,000		204,099
CE Electric UK Funding Company
6.995% due 12/30/2007		175,000		175,898
CenterPoint Energy Transition Bond Co., LLC,
Series A-2
4.97% due 08/01/2014		150,000		149,717
CenterPoint Energy, Inc., Series B
5.875% due 06/01/2008		95,000		94,909
7.25% due 09/01/2010		175,000		183,900
CMS Energy Corp.
8.50% due 04/15/2011		25,000		26,848
Consumers Energy Company
5.80% due 09/15/2035		100,000		92,991
Dominion Resources, Inc.
4.125% due 02/15/2008		55,000		54,701
Edison SpA, EMTN
5.125% due 12/10/2010	EUR	45,000		64,173
El Paso Electric Company
6.00% due 05/15/2035	$	245,000		229,711
Elia System Operator SA
4.75% due 05/13/2014	EUR	61,000		85,838
Enbw International Finance BV, EMTN
5.875% due 02/28/2012		35,000		51,637
Entergy Louisiana LLC
5.83% due 11/01/2010	$	30,000		29,957
Florida Power Corp.
6.35% due 09/15/2037		230,000		234,408

The accompanying notes are an integral part of the financial statements. 

349

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Jersey Central Power & Light Company
5.65% due 06/01/2017	$	410,000	$	397,252
Midamerican Energy Holdings
6.125% due 04/01/2036		210,000		203,865
Monongahela Power Company
5.70% due 03/15/2017		265,000		260,835
National Grid PLC, EMTN
5.00% due 07/02/2018	EUR	12,000		16,094
National Power Corp, Series REGS
6.875% due 11/02/2016	$	100,000		99,743
National Power Corp.
9.7444% due 08/23/2011 (b)		150,000		163,500
Nevada Power Co, Series R
6.75% due 07/01/2037		245,000		246,284
Nevada Power Company
5.875% due 01/15/2015		40,000		39,062
Orion Power Holdings, Inc.
12.00% due 05/01/2010		550,000		602,250
Pacific Gas & Electric Company
4.80% due 03/01/2014		225,000		214,484
6.05% due 03/01/2034		45,000		44,194
PPL Capital Funding, Inc.
4.33% due 03/01/2009		75,000		74,152
Reliant Energy, Inc.
6.75% due 12/15/2014		200,000		202,000
RWE Finance BV, EMTN
5.375% due 04/18/2008	EUR	30,000		42,756
6.375% due 06/03/2013	GBP	160,000		330,491
Scottish Power UK PLC
8.375% due 02/20/2017		38,000		89,498
Sierra Pacific Resources
7.803% due 06/15/2012	$	125,000		130,375
8.625% due 03/15/2014		775,000		820,355
Southern California Edison Company
4.65% due 04/01/2015		345,000		324,577
Southern Co., Series A
5.30% due 01/15/2012		95,000		94,931
Tampa Electric Co
6.15% due 05/15/2037		235,000		229,107
TECO Energy, Inc.
7.00% due 05/01/2012		85,000		88,175
Tri-State Generation & Transmission Association
6.04% due 01/31/2018		87,647		87,009
Vattenfall Treasury AB, EMTN
6.00% due 04/03/2009	EUR	30,000		43,496
Virginia Electric and Power Company
4.50% due 12/15/2010	$	230,000		226,037
Westar Energy, Inc.
5.10% due 07/15/2020		155,000		142,929
Western Power Distribution Holdings, Ltd.
6.875% due 12/15/2007		140,000		140,433
Wisconsin Electric Power Company
3.50% due 12/01/2007		105,000		104,694
Xcel Energy, Inc.
7.00% due 12/01/2010		25,000		26,229
				8,326,520

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electronics - 0.16%
Celestica, Inc.
7.875% due 07/01/2011	$	400,000	$	385,000
Flextronics International Ltd
6.50% due 05/15/2013		200,000		191,000
L-3 Communications Corp., Series B
6.375% due 10/15/2015		825,000		810,563
Sanmina-SCI Corp.
8.44438% due 06/15/2010 (b)		325,000		321,750
				1,708,313
Energy - 1.23%
Bristow Group Inc
7.50% due 09/15/2017		500,000		510,000
Copano Energy LLC
8.125% due 03/01/2016		375,000		381,562
Duke Capital LLC
6.25% due 02/15/2013		150,000		153,312
Duke Capital LLC, Series B
6.75% due 07/15/2018		80,000		81,925
Duke Energy Carolinas LLC
6.10% due 06/01/2037		115,000		112,855
Dynegy Holdings Inc.
7.50% due 06/01/2015		575,000		554,875
Dynegy Holdings, Inc.
7.75% due 06/01/2019		1,750,000		1,673,438
Enbridge, Inc.
5.60% due 04/01/2017		205,000		198,281
Encore Acquisition Co
6.25% due 04/15/2014		300,000		280,500
Enterprise Products Operating LP
4.95% due 06/01/2010		490,000		488,009
6.30% due 09/15/2017		210,000		210,287
Enterprise Products Operating LP, Series B
4.00% due 10/15/2007		70,000		69,964
Ferrellgas Partners LP
8.75% due 06/15/2012		625,000		640,625
Florida Power & Light Company
6.20% due 06/01/2036		110,000		111,650
Gaz Capital for Gazprom, Series REGS
7.288% due 08/16/2037		840,000		893,508
Mirant North America LLC
7.375% due 12/31/2013		350,000		355,250
Niagara Mohawk Power Corp., Series G
7.75% due 10/01/2008		40,000		40,797
Northwest Pipeline Corp.
5.95% due 04/15/2017		60,000		58,050
NRG Energy, Inc.
7.25% due 02/01/2014		375,000		375,937
7.375% due 02/01/2016		2,380,000		2,385,950
Petroleos de Venezuela SA
5.375% due 04/12/2027		700,000		442,750
Plains Exploration & Production Company
7.00% due 03/15/2017		500,000		467,500
Progress Energy, Inc.
5.625% due 01/15/2016		380,000		371,274
Range Resources Corp.
7.50% due 10/01/2017		450,000		460,125

The accompanying notes are an integral part of the financial statements. 

350

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Reliant Energy, Inc.
7.625% due 12/31/2014	$	400,000	$	403,000
7.875% due 12/31/2017		250,000		251,562
Sempra Energy
7.95% due 03/01/2010		100,000		105,829
Valero Energy Corp
6.125% due 06/15/2017		490,000		493,220
Venoco, Inc.
8.75% due 12/15/2011		75,000		74,813
XTO Energy Inc
6.75% due 08/01/2037		150,000		156,514
				12,803,362
Financial Services - 2.90%
AGFC Capital Trust I
6.00% due 01/15/2067 (b)		200,000		187,408
AGY Holding Corp.
11.00% due 11/15/2014		250,000		249,375
Altadis Emisiones Financial
4.00% due 12/11/2015	EUR	50,000		63,121
Altria Finance Cayman Islands, Ltd.
5.625% due 06/24/2008		50,000		71,389
American Express Credit Corp., EMTN
3.625% due 10/13/2009		53,000		73,977
American General Finance Corp., Series I, MTN
5.40% due 12/01/2015	$	220,000		210,685
American Honda Finance Corp.
4.50% due 05/26/2009		335,000		332,874
Arch Western Finance LLC
6.75% due 07/01/2013		450,000		441,000
Bank Nederlandse Gemeenten, Series EMTN
4.625% due 09/13/2012	EUR	950,000		1,360,998
Bank of America Corp
6.00% due 09/01/2017	$	280,000		286,493
BHP Billiton Finance, Ltd.
5.40% due 03/29/2017		225,000		219,380
Boeing Capital Corp., MTN, Series X
6.35% due 11/15/2007		140,000		140,250
Canada Housing Trust
4.80% due 06/15/2012	CAD	920,000		938,129
Capital One Capital IV
6.745% due 02/17/2037 (b)	$	605,000		539,512
Caterpillar Financial Services Corp, Series MTN
5.85% due 09/01/2017		170,000		171,548
Caterpillar Financial Services Corp.
4.50% due 06/15/2009		125,000		123,962
Caterpillar Financial Services Corp., MTN, Series F
4.50% due 09/01/2008		120,000		119,314
CIT Group, Inc.
5.50% due 11/30/2007		55,000		54,871
6.00% due 04/01/2036		90,000		79,604
CIT Group, Inc., GMTN
4.25% due 09/22/2011	EUR	50,000		64,486
CIT Group, Inc., MTN
5.7075% due 08/15/2008 (b)	$	100,000		98,490
Citigroup, Inc.
3.625% due 02/09/2009		110,000		108,064

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Citigroup, Inc. (continued)
3.875% due 05/21/2010	EUR	34,000	$	47,320
4.75% due 02/10/2019 (b)		55,000		75,081
5.00% due 09/15/2014	$	175,000		168,686
5.50% due 08/27/2012		225,000		227,500
Clarendon Alumina Production Ltd, Series REGS
8.50% due 11/16/2021		100,000		103,875
Countrywide Financial Corp.
4.50% due 06/15/2010		145,000		130,681
Countrywide Home Loans, Inc., MTN
4.125% due 09/15/2009		530,000		487,114
Credit Suisse First Boston USA, Inc.
4.875% due 08/15/2010		300,000		299,584
Credit Suisse USA, Inc.
5.50% due 08/16/2011		170,000		171,728
ERP Operating LP
3.85% due 08/15/2026		13,000		12,824
Ford Motor Credit Company
5.80% due 01/12/2009		280,000		270,442
6.93% due 01/15/2010 (b)		85,000		79,997
7.375% due 10/28/2009		115,000		112,764
9.81% due 04/15/2012 (b)		1,775,000		1,837,100
Franklin Resources, Inc.
3.70% due 04/15/2008		60,000		59,564
Fund American Companies, Inc.
5.875% due 05/15/2013		185,000		182,403
GATX Financial Corp.
5.50% due 02/15/2012		285,000		283,856
GE Capital European Funding, Series EMTN
3.50% due 02/14/2013	EUR	100,000		132,244
GE Capital UK Funding, EMTN
5.625% due 12/12/2014	GBP	145,000		286,725
General Electric Capital Corp, Series REGS
4.625% due 09/15/2066 (b)	EUR	130,000		171,708
General Electric Capital Corp.
6.125% due 02/22/2011	$	190,000		195,805
General Electric Capital Corp., MTN
5.375% due 10/20/2016		335,000		328,012
General Electric Capital Corp., Series A
5.875% due 02/15/2012		500,000		513,154
General Electric Capital Corp., Series A, MTN
6.00% due 06/15/2012		680,000		701,179
General Motors Acceptance Corp.
5.625% due 05/15/2009		376,000		366,055
6.875% due 08/28/2012		375,000		351,744
6.875% due 09/15/2011		325,000		309,291
7.25% due 03/02/2011		400,000		387,766
GIE Suez Alliance, EMTN
5.125% due 06/24/2015	EUR	75,000		107,520
Global Cash Access LLC
8.75% due 03/15/2012	$	500,000		517,500
GMAC LLC
7.82125% due 12/01/2014 (b)		875,000		806,661
GMAC LLC, Series EMTN
5.75% due 09/27/2010	EUR	40,000		53,659

The accompanying notes are an integral part of the financial statements. 

351

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Goldman Sachs Group, Inc.
4.125% due 01/15/2008	$	100,000	$	99,588
6.345% due 02/15/2034		791,000		737,026
6.60% due 01/15/2012		150,000		157,189
6.75% due 10/01/2037		340,000		341,190
GTB Finance B.V.
8.50% due 01/29/2012		100,000		95,000
Hartford Financial Services Group, Inc.
5.25% due 10/15/2011		260,000		258,680
5.375% due 03/15/2017		255,000		246,402
HBOS PLC
5.92% due 09/29/2049 (b)		400,000		361,884
Hexion U.S. Finance Corp/Hexion Nova Scotia
Finance ULC
10.0575% due 11/15/2014 (b)		225,000		231,750
Hexion US Finance Corp/Hexion Nova Scotia
Finance ULC
9.75% due 11/15/2014		450,000		495,000
HSBC Finance Corp.
4.125% due 11/16/2009		150,000		146,199
HSBC USA, Inc.
4.625% due 04/01/2014		100,000		93,327
International Lease Finance Corp., EMTN
4.125% due 10/09/2008	EUR	66,000		93,252
International Lease Finance Corp., Series MTN
5.45% due 03/24/2011	$	210,000		209,879
iPayment Investors LP
11.625% due 07/15/2014 (b)		368,248		375,613
iPayment,Inc.
9.75% due 05/15/2014		425,000		405,875
Jefferies Group, Inc.
5.875% due 06/08/2014		176,000		171,120
6.25% due 01/15/2036		245,000		219,441
John Deere Capital Corp, Series D,	MTN
4.375% due 03/14/2008		100,000		99,558
John Deere Capital Corp, Series MTN
5.50% due 04/13/2017		310,000		307,101
John Deere Capital Corp.
3.90% due 01/15/2008		75,000		74,671
JP Morgan Chase Capital XXII, Series V
6.45% due 02/02/2037		195,000		179,704
JP Morgan Chase Capital XVIII, Series R
6.95% due 08/17/2036		110,000		108,132
JPMorgan Chase & Company, EMTN
4.25% due 06/09/2011	EUR	38,000		52,806
4.375% due 11/12/2019 (b)		150,000		198,108
JSG Funding PLC
7.75% due 04/01/2015	$	250,000		243,750
KAR Holdings, Inc.
9.35625% due 05/01/2014 (b)		250,000		239,375
10.00% due 05/01/2015		650,000		609,375
Lehman Brothers Holdings, Inc., Series MTNG
3.95% due 11/10/2009		300,000		292,977
Local TV Finance LLC
9.25% due 06/15/2015		200,000		188,000

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Lukoil International Finance BV, Series REGS
6.656% due 06/07/2022	$	125,000	$	117,725
Mangrove Bay Pass Through Trust
6.102% due 07/15/2033 (b)		200,000		185,542
MBNA America Bank NA, EMTN
4.625% due 08/03/2009		250,000		248,625
MBNA Europe Funding Plc, EMTN
4.50% due 01/23/2009	EUR	32,000		45,420
Mellon Funding Corp.
6.375% due 11/08/2011	GBP	143,000		295,243
Merrill Lynch & Company, Inc., EMTN
4.625% due 10/02/2013	EUR	62,000		84,724
Merrill Lynch & Company, Inc., Series CPI
3.84703% due 03/02/2009 (b)	$	130,000		126,314
Metropolitan Life Global Funding
5.125% due 11/09/2011		435,000		435,547
Mizuho Capital Investment 1, Ltd.
6.686% due 03/29/2049 (b)		120,000		112,494
Morgan Stanley
4.00% due 01/15/2010		300,000		293,092
Morgan Stanley, Series GMTN
5.125% due 11/30/2015	GBP	100,000		183,604
National Rural Utilities Cooperative Finance Corp.
3.875% due 02/15/2008	$	170,000		169,014
4.375% due 10/01/2010		100,000		98,178
Nationwide Building Society, EMTN
3.375% due 08/17/2015 (b)	EUR	53,000		71,178
Nell AF SARL
8.375% due 08/15/2015	$	75,000		68,437
Nexstar Finance Holdings LLC
zero coupon, Step up to 11.375% on
04/01/2008 due 04/01/2013		600,000		591,000
Nexstar Finance, Inc.
7.00% due 01/15/2014		275,000		264,000
Nisource Finance Corp.
6.0644% due 11/23/2009 (b)		120,000		119,042
Nissan Motor Acceptance Corp.
4.625% due 03/08/2010		100,000		98,966
PNC Funding Corp.
4.20% due 03/10/2008		250,000		249,108
RBS Global, Inc.
9.50% due 08/01/2014		1,025,000		1,060,875
11.75% due 08/01/2016		100,000		106,500
Red Arrow International Leasing Plc
8.375% due 03/31/2012	RUB	1,878,817		76,649
SLM Corp., Series CPI
3.82% due 04/01/2009 (b)	$	315,000		289,753
Sovereign Capital Trust VI
7.908% due 06/13/2036		230,000		242,706
Stallion Oilfield Finance Service Corp.
9.75% due 02/01/2015		325,000		314,844
Sun Life Financial Global Funding LP
5.4931% due 10/06/2013 (b)		250,000		250,498
Torchmark Corp.
6.375% due 06/15/2016		220,000		231,748

The accompanying notes are an integral part of the financial statements. 

352

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Toyota Motor Credit Corp.
2.875% due 08/01/2008	$	215,000	$	210,915
UBS AG/Jersey, Series EMTN
4.50% due 09/16/2019 (b)	EUR	140,000		191,184
USI Holdings Corp.
9.4325% due 11/15/2014	$	250,000		237,500
				30,116,869
Food & Beverages - 0.27%
Anheuser-Busch Cos Inc
6.45% due 09/01/2037		110,000		114,324
B&G Foods Holding Corp.
8.00% due 10/01/2011		475,000		470,250
Casino Guichard Perrachon SA, Series EMTN
4.875% due 04/10/2014	EUR	100,000		136,806
Del Monte Corp.
8.625% due 12/15/2012	$	300,000		304,500
Delhaize Group
6.50% due 06/15/2017		105,000		105,896
General Mills, Inc.
3.875% due 11/30/2007		200,000		199,475
General Mills, Inc., MTN
6.378% due 10/15/2008		225,000		227,043
McCormick & Company, Inc.
5.20% due 12/15/2015		170,000		167,339
5.80% due 07/15/2011		120,000		123,063
McCormick & Company, Inc., MTN
3.35% due 04/15/2009		95,000		94,015
McDonald's Corp.
5.30% due 03/15/2017		205,000		199,065
Panamerican Beverages, Inc.
7.25% due 07/01/2009		30,000		30,758
PepsiAmericas, Inc.
4.875% due 01/15/2015		45,000		42,589
SABMiller PLC
6.20% due 07/01/2011		465,000		480,400
William Wrigley Jr. Company
4.65% due 07/15/2015		50,000		46,921
YUM Brands, Inc.
7.65% due 05/15/2008		100,000		101,354
				2,843,798
Foreign Bonds - 0.07%
Republic of Ghana, Series REGS
8.50% due 10/04/2017		600,000		611,940
Santa Fe de Bogota DC, Series REGS
9.75% due 07/26/2028	COP	240,000,000		114,382
				726,322
Forest Products - 0.05%
Verso Paper Holdings LLC and Verson Paper Inc,
Series B
9.10625% due 08/01/2014 (b)	$	375,000		376,875
Weyerhaeuser Company
7.375% due 03/15/2032		100,000		100,337
				477,212

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Furniture & Fixtures - 0.04%
Sealy Mattress Company
8.25% due 06/15/2014	$	375,000	$	377,812
Gas & Pipeline Utilities - 0.44%
Aquila Canada Finance Corp.
7.75% due 06/15/2011		150,000		158,001
Atmos Energy Corp.
4.00% due 10/15/2009		190,000		186,510
5.95% due 10/15/2034		35,000		31,992
Boardwalk Pipelines LLC
5.50% due 02/01/2017		85,000		82,107
Colorado Interstate Gas Company
5.95% due 03/15/2015		125,000		122,941
Duke Capital LLC
7.50% due 10/01/2009		110,000		114,749
El Paso Natural Gas
5.95% due 04/15/2017		98,000		95,710
Kinder Morgan Finance Company, ULC
5.70% due 01/05/2016		440,000		399,935
Kinder Morgan, Inc.
6.50% due 09/01/2012		170,000		168,326
National Gas Company
6.05% due 01/15/2036		100,000		94,717
National Gas Co of Trinidad & Tobago Ltd,
Series REGS
6.05% due 01/15/2036		100,000		95,601
Panhandle Eastern Pipe Line Company
4.80% due 08/15/2008		135,000		133,967
Piedmont Natural Gas Company
6.00% due 12/19/2033		10,000		9,567
Praxair, Inc.
5.20% due 03/15/2017		205,000		193,576
6.50% due 03/01/2008		100,000		100,545
Sabine Pass LNG LP
7.50% due 11/30/2016		400,000		394,000
Southern California Gas Company
5.75% due 11/15/2035		305,000		290,001
Sunoco, Inc.
4.875% due 10/15/2014		25,000		23,721
5.75% due 01/15/2017		240,000		236,086
Williams Companies, Inc.
7.625% due 07/15/2019		50,000		53,563
7.75% due 06/15/2031		1,125,000		1,182,656
8.125% due 03/15/2012		250,000		269,375
8.75% due 03/15/2032		25,000		28,781
Williams Companies, Inc., Series A
7.50% due 01/15/2031		125,000		129,688
				4,596,115
Healthcare Products - 0.10%
Fresenius Medical Care Capital Trust
7.875% due 06/15/2011		25,000		25,937
Invacare Corp.
9.75% due 02/15/2015		325,000		325,000
Medtronic, Inc., Series B
4.375% due 09/15/2010		125,000		123,451
4.75% due 09/15/2015		285,000		267,485

The accompanying notes are an integral part of the financial statements. 

353

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Products (continued)
Universal Hospital Services, Inc.
8.7594% due 06/01/2015 (b)	$	200,000	$	199,000
Universal Hospital Services, Inc., PIK
8.50% due 06/01/2015		100,000		99,000
				1,039,873
Healthcare Services - 0.30%
Cardinal Health, Inc.
6.13% due 10/02/2009		250,000		250,275
Centene Corp.
7.25% due 04/01/2014		225,000		220,500
CRC Health Corp.
10.75% due 02/01/2016		200,000		210,000
DaVita, Inc.
6.625% due 03/15/2013		275,000		272,937
7.25% due 03/15/2015		625,000		626,563
United Surgical Partners International Inc
9.25% due 05/01/2017		275,000		275,000
UnitedHealth Group, Inc.
5.375% due 03/15/2016		370,000		360,080
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014		575,000		557,750
WellPoint, Inc.
4.25% due 12/15/2009		35,000		34,477
5.00% due 01/15/2011		360,000		356,736
				3,164,318
Holdings Companies/Conglomerates - 0.10%
ERP Operating LP
5.25% due 09/15/2014		190,000		181,263
Hutchison Whampoa Finance, Ltd.
5.875% due 07/08/2013	EUR	58,000		85,375
Visant Corp.
7.625% due 10/01/2012	$	300,000		305,250
Visant Holding Corp.
zero coupon, Step up to 10.25% on
12/01/2008 due 12/01/2013		525,000		488,250
				1,060,138
Homebuilders - 0.14%
Centex Corp.
4.55% due 11/01/2010		145,000		133,194
5.45% due 08/15/2012		235,000		214,560
D.R. Horton, Inc.
6.50% due 04/15/2016		245,000		214,596
Lennar Corp., Series B
5.60% due 05/31/2015		390,000		335,531
5.95% due 10/17/2011		25,000		22,876
MDC Holdings, Inc., MTN
5.375% due 12/15/2014		55,000		49,905
NVR, Inc.
5.00% due 06/15/2010		100,000		99,893
Pulte Homes, Inc.
4.875% due 07/15/2009		65,000		60,696
5.20% due 02/15/2015		310,000		258,484

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Homebuilders (continued)
Ryland Group, Inc.
5.375% due 01/15/2015	$	15,000	$	12,984
				1,402,719
Hotels & Restaurants - 0.24%
American Casino & Entertainment Properties LLC
7.85% due 02/01/2012		375,000		385,313
Harrah's Operating Company, Inc.
5.50% due 07/01/2010		865,900		831,264
O'Charleys, Inc.
9.00% due 11/01/2013		225,000		227,531
OSI Restaurant Partners, Inc.
10.00% due 05/15/2015		775,000		685,875
Real Mex Restaurants, Inc.
10.00% due 04/01/2010		150,000		149,250
Restaurant Company
10.00% due 10/01/2013		250,000		221,875
				2,501,108
Household Appliances - 0.01%
Whirlpool Corp.
6.125% due 06/15/2011		135,000		138,012
Household Products - 0.08%
Simmons Bedding Company
zero coupon, Step up to 10.00% on
12/15/2009 due 12/15/2014		75,000		59,813
7.875% due 01/15/2014		300,000		288,000
Yankee Acquisition Corp., Series B
9.75% due 02/15/2017		75,000		70,875
Yankee Acquisition Corp/MA, Series B
8.50% due 02/15/2015		475,000		460,750
				879,438
Industrial Machinery - 0.04%
Stewart & Stevenson LLC
10.00% due 07/15/2014		375,000		380,625
Insurance - 0.59%
Ace INA Holdings, Inc.
5.70% due 02/15/2017		255,000		251,653
5.875% due 06/15/2014		130,000		130,851
Allstate Life Funding LLC, EMTN
6.375% due 01/17/2011	GBP	47,000		96,209
American International Group, Inc., Series A3
4.875% due 03/15/2067 (b)	EUR	150,000		197,369
ASIF II, EMTN
5.625% due 02/01/2012	GBP	167,000		332,698
Cincinnati Financial Corp.
6.92% due 05/15/2028	$	125,000		133,022
Genworth Financial, Inc.
5.75% due 06/15/2014		360,000		360,703
6.15% due 11/15/2066 (b)		153,000		143,069
Highmark, Inc.
6.80% due 08/15/2013		185,000		195,923
HUB International Holdings Inc
9.00% due 12/15/2014		625,000		600,000
HUB International Holdings, Inc.
10.25% due 06/15/2015		500,000		465,000

The accompanying notes are an integral part of the financial statements. 

354

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
Lincoln National Corp.
6.05% due 04/20/2067 (b)	$	145,000	$	139,619
MetLife, Inc.
6.40% due 12/15/2036 (b)		255,000		242,467
Monumental Global Funding, Ltd., EMTN
5.375% due 03/13/2009	EUR	38,000		54,479
Nationwide Mutual Insurance Company
6.60% due 04/15/2034	$	110,000		107,706
New York Life Global Funding
4.625% due 08/16/2010		215,000		214,934
New York Life Global Funding, Series EMTN
4.375% due 01/19/2017	EUR	100,000		134,640
NLV Financial Corp.
7.50% due 08/15/2033	$	265,000		277,516
Ohio National Financial Services, Inc.
6.35% due 04/01/2013		15,000		15,600
Pacific Life Funding LLC, EMTN
5.125% due 01/20/2015	GBP	87,000		166,218
5.50% due 05/14/2009	EUR	38,000		54,655
Principal Financial Group, Inc.
6.05% due 10/15/2036	$	180,000		174,264
Principal Life Global Funding I
5.25% due 01/15/2013		160,000		159,564
Principal Life Income Funding Trusts
5.20% due 11/15/2010		35,000		35,128
Principal Financial Global Funding LLC, EMTN
4.50% due 01/22/2009	EUR	38,000		53,777
Prudential Funding LLC, MTN
6.60% due 05/15/2008	$	150,000		150,859
RLI Corp.
5.95% due 01/15/2014		15,000		15,140
Security Benefit Life Insurance Company
7.45% due 10/01/2033		80,000		81,974
The Travelers Companies, Inc.
6.25% due 03/15/2037 (b)		255,000		246,548
Transatlantic Holdings, Inc.
5.75% due 12/14/2015		150,000		150,374
Travelers Property Casualty Corp.
3.75% due 03/15/2008		35,000		34,693
Travelers Insurance Company Institutional Funding, Ltd.
5.75% due 12/06/2011	GBP	167,000		337,101
USI Holdings Corp.
9.75% due 05/15/2015	$	225,000		201,937
Willis North America, Inc.
6.20% due 03/28/2017		195,000		193,484
				6,149,174
International Oil - 0.33%
Canadian Natural Resources, Ltd.
6.45% due 06/30/2033		65,000		64,045
Gaz Capital for Gazprom, Series REGS
8.625% due 04/28/2034		165,000		212,949
Newfield Exploration Company
6.625% due 09/01/2014		30,000		29,475

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
International Oil (continued)
Pemex Project Funding Master Trust
5.75% due 12/15/2015	$	255,000	$	255,157
6.625% due 06/15/2035		300,000		309,143
6.9944% due 06/15/2010 (b)		345,000		351,037
8.625% due 02/01/2022		225,000		277,524
Pemex Project Funding Master Trust, Series REGS
6.25% due 08/05/2013	EUR	150,000		222,984
Petro-Canada
5.95% due 05/15/2035	$	235,000		222,578
Petroleos de Venezuela SA
5.25% due 04/12/2017		1,105,000		814,937
PF Export Receivables Master Trust
6.436% due 06/01/2015		56,284		56,754
Transocean, Inc.
5.86875% due 09/05/2008		250,000		249,546
XTO Energy, Inc.
5.65% due 04/01/2016		185,000		180,859
YPF SA, MTN, Series C
10.00% due 11/02/2028		195,000		226,200
				3,473,188
Investment Companies - 0.06%
BES Finance, Ltd., EMTN
6.25% due 05/17/2011	EUR	60,000		88,736
Credit Suisse Guernsey Ltd
5.86% due 05/29/2049 (b)	$	300,000		283,765
Xstrata Finance Canada Ltd, Series EMTN
5.25% due 06/13/2017	EUR	80,000		108,698
Xstrata Finance Canada, Ltd.
5.50% due 11/16/2011	$	180,000		178,898
				660,097
Leisure Time - 0.53%
AMC Entertainment, Inc.
8.00% due 03/01/2014		25,000		23,813
11.00% due 02/01/2016		275,000		292,875
Chukchansi Economic Development Authority
8.859% due 11/15/2012 (b)		125,000		125,938
Cinemark, Inc.
zero coupon, Step up to 9.75% on
03/15/2009 due 03/15/2014		300,000		283,500
Festival Fun Parks LLC
10.875% due 04/15/2014		100,000		100,750
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015		300,000		281,250
International Speedway Corp.
4.20% due 04/15/2009		80,000		79,066
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014		175,000		178,500
Lottomatica SpA
4.80% due 12/22/2008	EUR	30,000		42,385
MGM MIRAGE
6.00% due 10/01/2009	$	275,000		272,938
MGM Mirage, Inc.
8.50% due 09/15/2010		325,000		339,625
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		200,000		198,000

The accompanying notes are an integral part of the financial statements. 

355

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
MTR Gaming Group, Inc., Series B (continued)
9.75% due 04/01/2010	$	125,000	$	128,437
Pinnacle Entertainment, Inc.
8.25% due 03/15/2012		100,000		101,250
Pokagon Gaming Authority
10.375% due 06/15/2014		650,000		713,375
Royal Caribbean Cruises, Ltd.
7.00% due 06/15/2013		100,000		99,445
Shingle Springs Tribal Gaming Authority
9.375% due 06/15/2015		475,000		479,750
Speedway Motorsports, Inc.
6.75% due 06/01/2013		380,000		374,300
Travelport LLC
10.24625% due 09/01/2014 (b)		75,000		75,000
11.875% due 09/01/2016		575,000		602,312
Wynn Las Vegas LLC
6.625% due 12/01/2014		725,000		710,500
				5,503,009
Manufacturing - 0.28%
3M Company, MTN
5.125% due 11/06/2009		95,000		96,119
5.70% due 03/15/2037		225,000		219,969
Cooper US Inc
6.10% due 07/01/2017		210,000		215,239
General Dynamics Corp.
4.50% due 08/15/2010		150,000		147,886
Harland Clarke Holdings Corp
10.3075% due 05/15/2015 (b)		250,000		223,125
Koppers Holdings, Inc.
zero coupon, Step up to 9.875% on
11/15/2009 due 11/15/2014		650,000		555,750
Koppers, Inc.
9.875% due 10/15/2013		149,000		157,568
Procter & Gamble Company
4.95% due 08/15/2014		370,000		363,486
Rafaella Apparel Group, Inc., Series B
11.25% due 06/15/2011		224,000		219,520
Sally Holdings LLC
9.25% due 11/15/2014		400,000		404,000
Susser Holdings LLC
10.625% due 12/15/2013		123,000		126,690
Trinity Industries, Inc.
6.50% due 03/15/2014		175,000		168,000
				2,897,352
Medical-Hospitals - 0.39%
Community Health Systems, Inc.
8.875% due 07/15/2015		2,225,000		2,286,187
HCA, Inc.
9.25% due 11/15/2016		1,475,000		1,567,187
9.625% due 11/15/2016		175,000		186,813
				4,040,187
Metal & Metal Products - 0.11%
Gibraltar Industries, Inc., Series B
8.00% due 12/01/2015		500,000		470,000

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Metal & Metal Products (continued)
Hawk Corp.
8.75% due 11/01/2014	$	300,000	$	303,750
Steel Dynamics, Inc.
6.75% due 04/01/2015		415,000		400,475
				1,174,225
Mining - 0.40%
Freeport-McMoRan Copper & Gold, Inc.
8.25% due 04/01/2015		525,000		567,000
8.375% due 04/01/2017		2,580,000		2,818,650
Placer Dome, Inc.
6.45% due 10/15/2035		310,000		302,618
Rio Tinto Finance USA, Ltd.
2.625% due 09/30/2008		135,000		132,191
Vale Overseas, Ltd.
6.25% due 01/23/2017		380,000		384,256
				4,204,715
Office Furnishings & Supplies - 0.07%
ACCO Brands Corp.
7.625% due 08/15/2015		150,000		143,250
IKON Office Solutions, Inc.
7.75% due 09/15/2015		300,000		301,500
Interface, Inc.
10.375% due 02/01/2010		275,000		290,125
				734,875
Paper - 0.37%
Boise Cascade LLC
7.125% due 10/15/2014		530,000		508,800
Celulosa Arauco y Constitucion SA
5.125% due 07/09/2013		70,000		68,384
8.625% due 08/15/2010		180,000		195,556
Domtar, Inc.
5.375% due 12/01/2013		150,000		137,250
7.125% due 08/15/2015		475,000		456,000
9.50% due 08/01/2016		50,000		52,625
Georgia-Pacific Corp.
7.00% due 01/15/2015		525,000		511,875
7.125% due 01/15/2017		450,000		435,375
8.125% due 05/15/2011		300,000		304,500
Jefferson Smurfit Corp.
8.25% due 10/01/2012		150,000		150,375
NewPage Corp.
10.00% due 05/01/2012		175,000		184,187
12.00% due 05/01/2013		150,000		160,875
Quebecor World, Inc.
9.75% due 01/15/2015		250,000		239,375
Verso Paper Holdings LLC and Verson Paper Inc.,
Series B
11.375% due 08/01/2016		375,000		394,688
				3,799,865
Petroleum Services - 0.13%
BP Canada Finance Company
3.375% due 10/31/2007		50,000		49,951
Compagnie Generale de Geophysique SA
7.50% due 05/15/2015		100,000		103,000

The accompanying notes are an integral part of the financial statements. 

356

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Petroleum Services (continued)
Compagnie Generale de Geophysique SA
(continued)
7.75% due 05/15/2017	$	500,000	$	515,000
Gaz Capital for Gazprom, Series EMTN
4.56% due 12/09/2012	EUR	150,000		200,389
Halliburton Company
5.50% due 10/15/2010	$	355,000		359,122
Premcor Refining Group, Inc.
6.75% due 02/01/2011		110,000		114,067
				1,341,529
Pharmaceuticals - 0.13%
Aventis SA, EMTN
4.25% due 09/15/2010	EUR	54,000		75,800
Eli Lilly & Company
5.55% due 03/15/2037	$	205,000		191,922
Hospira, Inc.
4.95% due 06/15/2009		70,000		69,977
Omnicare, Inc.
6.75% due 12/15/2013		300,000		279,750
6.875% due 12/15/2015		425,000		393,125
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016		180,000		174,861
Warner Chilcott Corp.
8.75% due 02/01/2015		130,000		134,550
				1,319,985
Publishing - 0.38%
Dex Media East LLC
12.125% due 11/15/2012		100,000		106,750
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		25,000		23,500
Haights Cross Operating Company
11.75% due 08/15/2011		275,000		285,313
Idearc, Inc.
8.00% due 11/15/2016		1,555,000		1,551,112
Medianews Group, Inc.
6.375% due 04/01/2014		150,000		111,000
6.875% due 10/01/2013		275,000		209,000
Morris Publishing Group LLC
7.00% due 08/01/2013		185,000		144,762
Nielsen Finance LLC/Nielsen Finance Co
10.00% due 08/01/2014		200,000		211,500
Quebecor World Capital Corp.
6.125% due 11/15/2013		300,000		258,000
Sun Media Corp.
7.625% due 02/15/2013		225,000		221,063
TL Acquisitions, Inc.
13.25% due 07/15/2015 (b)		525,000		425,250
Valassis Communications Inc
8.25% due 03/01/2015		475,000		413,250
				3,960,500
Railroads & Equipment - 0.14%
American Railcar Industries, Inc.
7.50% due 03/01/2014		450,000		447,750

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount	Value
CORPORATE BONDS (continued)
Railroads & Equipment (continued)
Canadian National Railway Company
6.25% due 08/01/2034	$	59,000 $	58,403
Greenbrier Companies, Inc.
8.375% due 05/15/2015		425,000	423,937
Grupo Transportacion Ferroviaria Mexicana,
SA de CV
9.375% due 05/01/2012		100,000	104,750
Norfolk Southern Corp.
5.59% due 05/17/2025		25,000	22,951
6.00% due 04/30/2008		200,000	200,742
7.25% due 02/15/2031		30,000	32,667
Union Pacific Corp.
3.875% due 02/15/2009		125,000	122,429
5.75% due 10/15/2007		75,000	75,007
			1,488,636
Real Estate - 0.47%
AMB Property LP, MTN
5.90% due 08/15/2013		40,000	39,804
Archstone-Smith Operating Trust, REIT
5.25% due 05/01/2015		150,000	144,110
5.625% due 08/15/2014		15,000	14,960
AvalonBay Communities, Inc., MTN
6.625% due 09/15/2011		255,000	265,117
AvalonBay Communities, Inc., REIT
4.95% due 03/15/2013		55,000	53,142
6.125% due 11/01/2012		175,000	179,635
BF Saul, REIT
7.50% due 03/01/2014		150,000	139,500
Camden Property Trust, REIT
4.375% due 01/15/2010		80,000	78,359
Developers Diversified Realty Corp., REIT
3.875% due 01/30/2009		25,000	24,602
Federal Realty Investment Trust
6.00% due 07/15/2012		125,000	126,539
Felcor Lodging LP, REIT
8.50% due 06/01/2011		250,000	263,750
Hospitality Properties Trust
5.625% due 03/15/2017		220,000	203,885
Host Marriott LP, REIT
7.125% due 11/01/2013		500,000	503,750
Host Marriott LP, Series Q, REIT
6.75% due 06/01/2016		1,325,000	1,311,750
Kimco Realty Corp., MTN, REIT
4.904% due 02/18/2015		55,000	51,984
Reckson Operating Partnership, REIT
6.00% due 03/31/2016		200,000	190,036
Regency Centers LP, REIT
5.875% due 06/15/2017		120,000	115,807
Simon Property Group LP, REIT
4.60% due 06/15/2010		125,000	122,606
5.75% due 12/01/2015		340,000	332,193
Ventas Realty LP/Ventas Capital Corp., REIT
6.50% due 06/01/2016		740,000	728,900

The accompanying notes are an integral part of the financial statements. 

357

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
Vornado Realty LP, REIT
4.50% due 08/15/2009	$	35,000	$	34,455
				4,924,884
Retail - 0.25%
Bon-Ton Stores, Inc.
10.25% due 03/15/2014		425,000		397,375
Costco Wholesale Corp.
5.30% due 03/15/2012		175,000		175,544
Federated Retail Holdings, Inc.
5.35% due 03/15/2012		130,000		127,481
Ferrellgas Escrow LLC
6.75% due 05/01/2014		125,000		121,875
Home Depot, Inc.
3.75% due 09/15/2009		100,000		97,053
5.20% due 03/01/2011		165,000		163,313
5.40% due 03/01/2016		220,000		206,119
JC Penney Company, Inc.
7.375% due 08/15/2008		95,000		96,368
Leslie's Poolmart
7.75% due 02/01/2013		275,000		261,250
Sunstate Equipment Company LLC
10.50% due 04/01/2013		425,000		410,125
Target Corp
5.875% due 07/15/2016		415,000		414,983
Target Corp.
7.50% due 08/15/2010		150,000		159,664
				2,631,150
Retail Grocery - 0.13%
Couche-Tard US LP
7.50% due 12/15/2013		650,000		661,375
Pathmark Stores, Inc.
8.75% due 02/01/2012		50,000		50,000
Safeway, Inc.
4.125% due 11/01/2008		55,000		54,578
The Kroger Company
8.05% due 02/01/2010		500,000		531,814
				1,297,767
Retail Trade - 0.32%
American Greetings Corp.
7.375% due 06/01/2016		100,000		97,000
Fortune Brands, Inc.
5.125% due 01/15/2011		70,000		69,398
6.25% due 04/01/2008		200,000		200,841
FTD, Inc.
7.75% due 02/15/2014		500,000		475,000
GSC Holdings Corp.
8.00% due 10/01/2012		825,000		858,000
J.C. Penney Company, Inc.
9.00% due 08/01/2012		370,000		420,518
Neiman Marcus Group, Inc., PIK
9.00% due 10/15/2015		325,000		346,125
Payless Shoesource, Inc.
8.25% due 08/01/2013		25,000		24,188
The Pantry, Inc.
7.75% due 02/15/2014		350,000		337,750

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Retail Trade (continued)
Wal-Mart Stores, Inc.
4.75% due 01/29/2013	GBP	200,000	$	387,486
6.875% due 08/10/2009	$	145,000		149,885
				3,366,191
Sanitary Services - 0.16%
Allied Waste North America, Inc.
6.875% due 06/01/2017		625,000		628,125
7.875% due 04/15/2013		225,000		232,313
Casella Waste Systems, Inc.
9.75% due 02/01/2013		725,000		739,500
Oakmont Asset Trust
4.514% due 12/22/2008		20,000		19,868
Waste Management, Inc.
7.375% due 05/15/2029		15,000		16,092
				1,635,898
Semiconductors - 0.41%
Avago Technologies Finance
10.125% due 12/01/2013		375,000		403,125
Flextronics International, Ltd.
6.25% due 11/15/2014		275,000		257,125
Freescale Semiconductor Inc
9.56938% due 12/15/2014 (b)		425,000		400,563
Freescale Semiconductor, Inc.
8.875% due 12/15/2014		700,000		675,500
10.125% due 12/15/2016		375,000		348,750
National Semiconductor Corp
6.15% due 06/15/2012		305,000		310,309
NXP BV / NXP Funding LLC
8.11% due 10/15/2013 (b)		675,000		626,906
9.50% due 10/15/2015		200,000		186,500
Spansion Inc.
8.74625% due 06/01/2013 (b)		250,000		238,125
Spansion LLC
11.25% due 01/15/2016		275,000		269,500
STATS ChipPAC, Ltd.
6.75% due 11/15/2011		75,000		75,187
7.50% due 07/19/2010		475,000		478,563
				4,270,153
Software - 0.06%
Oracle Corp.
5.00% due 01/15/2011		425,000		424,055
Serena Software, Inc.
10.375% due 03/15/2016		100,000		103,000
SS&C Technologies, Inc.
11.75% due 12/01/2013		75,000		79,500
				606,555
Steel - 0.07%
Gerdau Ameristeel Corp.
10.375% due 07/15/2011		150,000		157,500
Metals USA, Inc.
11.125% due 12/01/2015		250,000		266,250
Tube City IMS Corp.
9.75% due 02/01/2015		275,000		268,813
				692,563

The accompanying notes are an integral part of the financial statements. 

358

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Supranational - 0.29%
Eurofima, EMTN
6.50% due 08/22/2011	AUD	565,000	$	494,056
European Investment Bank
8.75% due 08/25/2017	GBP	350,000		892,108
European Investment Bank, Series EMTN
4.75% due 10/15/2017	EUR	990,000		1,433,100
8.00% due 10/21/2013	ZAR	1,800,000		244,462
				3,063,726
Telecommunications Equipment &
Services - 1.03%
British Telecommunications PLC
8.00% due 12/07/2016	GBP	150,000		340,566
Citizens Communications Co
6.625% due 03/15/2015	$	450,000		441,000
Citizens Communications Company
6.25% due 01/15/2013		100,000		97,500
7.125% due 03/15/2019		1,250,000		1,231,250
9.00% due 08/15/2031		625,000		634,375
Csc Holdings
7.625% due 07/21/2018		250,000		246,736
Deutsche Telekom International Finance BV
3.875% due 07/22/2008		75,000		74,160
Digicel Group, Ltd.
8.875% due 01/15/2015		450,000		423,000
Digicel Ltd, Series REGS
9.25% due 09/01/2012		125,000		128,125
Dycom Industries, Inc.
8.125% due 10/15/2015		250,000		254,375
France Telecom SA
7.75% due 03/01/2011		480,000		515,963
GCI, Inc.
7.25% due 02/15/2014		425,000		393,125
Insight Midwest LP
9.75% due 10/01/2009		39,000		39,049
Intelsat Subsidiary Holding Company, Ltd.
8.25% due 01/15/2013		225,000		228,375
iPCS, Inc.
7.4813% due 05/01/2013 (b)		425,000		412,250
8.60625% due 05/01/2014		400,000		392,000
Level 3 Communications, Inc.
6.00% due 09/15/2009		87,000		82,759
6.00% due 03/15/2010		88,000		81,620
Level 3 Financing, Inc.
9.25% due 11/01/2014		250,000		246,250
Lucent Technologies, Inc.
6.50% due 01/15/2028		825,000		684,750
Orascom Telecom Finance SCA, Series REGS
7.875% due 02/08/2014		110,000		104,569
PAETEC Holding Corp.
9.50% due 07/15/2015		350,000		350,000
PanAmSat Corp.
9.00% due 08/15/2014		375,000		386,250
SBC Communications, Inc.
5.625% due 06/15/2016		550,000		545,329
6.45% due 06/15/2034		385,000		390,471

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services (continued)
Suncom Wireless, Inc.
8.50% due 06/01/2013	$	550,000	$	575,437
Syniverse Technologies, Inc., Series B
7.75% due 08/15/2013		50,000		47,750
Time Warner Telecom Holdings, Inc.
9.25% due 02/15/2014		325,000		337,187
Verizon Global Funding Corp.
7.25% due 12/01/2010		95,000		100,919
7.75% due 12/01/2030		260,000		300,739
Wind Acquisition Finance SA
10.75% due 12/01/2015		425,000		470,688
Windstream Corp
7.00% due 03/15/2019		125,000		121,875
				10,678,442
Telephone - 0.92%
AT&T Corp.
7.3 due 11/15/2011 (b)		40,000		42,971
AT&T, Inc.
5.30% due 11/15/2010		810,000		817,164
5.785% due 11/14/2008 (b)		85,000		85,069
BellSouth Corp.
5.6825% due 11/15/2007 (b)		95,000		95,046
France Telecom SA, Series EMTN
7.25% due 01/28/2013	EUR	80,000		125,476
Nordic Telephone Company Holdings
8.25% due 05/01/2016		100,000		148,934
8.875% due 05/01/2016	$	875,000		923,125
Qwest Corp.
6.50% due 06/01/2017		500,000		490,000
7.50% due 10/01/2014		1,100,000		1,144,000
7.875% due 09/01/2011		100,000		105,000
8.875% due 03/15/2012		100,000		109,125
8.944% due 06/15/2013 (b)		125,000		133,437
Sprint Capital Corp.
6.875% due 11/15/2028		122,000		117,742
6.90% due 05/01/2019		555,000		557,195
7.625% due 01/30/2011		100,000		106,033
8.375% due 03/15/2012		145,000		159,650
Sprint Nextel Corp
5.59813% due 06/28/2010 (b)		145,000		144,927
Telecom Italia Capital SA
4.00% due 01/15/2010		130,000		126,570
5.25% due 11/15/2013		395,000		383,347
Telecom Italia Finance SA, EMTN
5.875% due 01/24/2008	EUR	15,000		21,373
6.875% due 01/24/2013		125,000		191,202
7.25 due 04/20/2011		50,000		75,922
Telefonica Emisiones SAU
5.984% due 06/20/2011	$	180,000		183,133
6.221% due 07/03/2017		230,000		232,349
Telefonica Emisones SAU
6.421% due 06/20/2016		335,000		343,762
Telefonica Europe BV, EMTN
5.125% due 02/14/2013	EUR	100,000		142,154

The accompanying notes are an integral part of the financial statements. 

359

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone (continued)
Telefonos de Mexico SA de CV
4.50% due 11/19/2008	$	105,000	$	104,064
Valor Telecommunications Enterprise LLC
7.75% due 02/15/2015		200,000		209,614
Windstream Corp.
8.625% due 08/01/2016		2,085,000		2,223,131
				9,541,515
Tires & Rubber - 0.13%
Cooper-Standard Automotive, Inc.
8.375% due 12/15/2014		300,000		261,000
Goodyear Tire & Rubber Company
8.625% due 12/01/2011		488,000		509,960
9.13475% due 12/01/2009 (b)		575,000		579,313
				1,350,273
Tobacco - 0.05%
Imperial Tobacco Finance PLC, EMTN
6.875% due 06/13/2012	GBP	47,000		96,871
Reynolds American, Inc.
6.50% due 07/15/2010	$	40,000		41,049
7.25% due 06/01/2013		175,000		184,749
7.625% due 06/01/2016		225,000		239,558
				562,227
Toys, Amusements & Sporting Goods - 0.02%
Hasbro, Inc.
6.30% due 09/15/2017		180,000		179,206
Transportation - 0.34%
Bombardier, Inc.
6.30% due 05/01/2014		575,000		563,500
6.75% due 05/01/2012		425,000		426,063
7.45% due 05/01/2034		375,000		371,250
Bristow Group, Inc.
6.125% due 06/15/2013		400,000		388,000
Burlington Northern Santa Fe Corp.
5.65% due 05/01/2017		264,000		258,639
6.15% due 05/01/2037		432,000		417,154
Canadian National Railway Co
6.375% due 11/15/2037		65,000		65,781
CHC Helicopter Corp.
7.375% due 05/01/2014		325,000		308,750
FedEx Corp.
5.50% due 08/15/2009		220,000		222,460
Mobile Services Group, Inc.
9.75% due 08/01/2014		550,000		550,000
				3,571,597
Trucking & Freight - 0.02%
Saint Acquisition Corp.
12.50% due 05/15/2017		300,000		201,000
Utility Service - 0.13%
Baltimore Gas & Electric Co
5.90% due 10/01/2016		285,000		280,537
Consumers Energy Co, Series J
6.00% due 02/15/2014		165,000		167,783

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utility Service (continued)
Pacificorp
6.25% due 10/15/2037	$	90,000	$	89,888
Public Service Company of New Mexico
4.40% due 09/15/2008		185,000		183,243
Public Service Electric & Gas Company
5.70% due 12/01/2036		350,000		322,618
Veolia Environnement, EMTN
4.875% due 05/28/2013	EUR	40,000		55,819
5.875% due 02/01/2012		29,000		42,373
Virginia Electric and Power Co, Series A
6.00% due 05/15/2037	$	190,000		181,692
				1,323,953
TOTAL CORPORATE BONDS (Cost $256,437,164)			$	255,431,384
FOREIGN BONDS - 0.01%
Netherlands - 0.01%
Cemex Finance Europe BV
4.75% due 03/05/2014	EUR	50,000		66,595
TOTAL FOREIGN BONDS (Cost $66,474)			$	66,595
CONVERTIBLE BONDS - 0.08%
Insurance - 0.00%
Fortis Insurance NV
7.75% due 01/26/2008	$	25,000		33,445
Telecommunications Equipment &
Services - 0.08%
Nortel Networks Ltd.
10.125% due 07/15/2013		75,000		77,156
Nortel Networks, Ltd.
9.61% due 07/15/2011 (b)		700,000		700,000
				777,156
TOTAL CONVERTIBLE BONDS (Cost $821,835)			$	810,601
MUNICIPAL BONDS - 0.08%
California - 0.02%
State of California
5.25% due 04/01/2034		90,000		98,767
5.50% due 11/01/2033		80,000		84,908
				183,675
Kansas - 0.01%
Kansas Development Finance Authority
5.501% due 05/01/2034		110,000		106,908
New York - 0.01%
New York City Housing Development Corp.
6.42% due 11/01/2027		150,000		153,578
Oregon - 0.01%
State of Oregon
5.892% due 06/01/2027		60,000		62,052

The accompanying notes are an integral part of the financial statements. 

360

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
MUNICIPAL BONDS (continued)
West Virginia - 0.03%
Tobacco Settlement Finance Authority of West
Virginia, Tobacco Settlement Funded
7.467% due 06/01/2047	$	335,000	$	329,385
TOTAL MUNICIPAL BONDS (Cost $838,246)			$	835,598
COLLATERALIZED MORTGAGE
OBLIGATIONS - 4.70%
Federal Home Loan Mortgage Corp., Series
2003-32, Class PG
5.00% due 10/25/2027		350,000		347,990
American Tower Trust, Series 2007-1A, Class D
5.956% due 04/15/2037		350,000		300,108
Banc of America Commercial Mortgage Inc, Series
2005-3, Class A2
4.501% due 07/10/2043		650,000		640,830
Banc of America Commercial Mortgage, Inc.,
Series 2003-1, Class A1
3.878% due 09/11/2036		69,549		67,988
Banc of America Commercial Mortgage, Inc.,
Series 2003-1, Class A2
4.648% due 09/11/2036		680,000		660,735
Banc of America Mortgage Securities,
Series 2004-A, Class 2A2
4.10% due 02/25/2034 (b)		208,955		206,264
Banc of America Mortgage Securities,
Series 2004-D, Class 2A2
4.1967% due 05/25/2034 (b)		96,425		95,136
Banc of America Mortgage Securities,
Series 2004-H, Class 2A2
4.7408% due 09/25/2034 (b)		210,534		208,878
Banc of America Mortgage Securities,
Series 2004-I, Class 3A2
4.8786% due 10/25/2034 (b)		104,033		103,085
Banc of America Mortgage Securities,
Series 2005-J, Class 2A1
5.0895% due 11/25/2035 (b)		384,084		381,954
Banc of America Mortgage Securities,
Series 2005-J, Class 3A1
5.2591% due 11/25/2035 (b)		240,489		239,199
Bear Stearns Commercial Mortgage Securities,
Series 1998-C1, Class A2
6.44% due 06/16/2030		97,875		98,272
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW13, Class AAB
5.53% due 09/11/2041		50,000		49,971
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW17, Class A1
5.282% due 06/11/2050		650,000		651,622
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW17, Class A4
5.694% due 06/11/2050 (b)		45,000		44,833
Bear Stearns Commercial Mortgage Securities,
Series 2002-TOP8, Class A2
4.83% due 08/15/2038		272,000		267,388
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR8, Class A4
4.674% due 06/11/2041		492,000		467,740

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR9, Class A1
4.498% due 09/11/2042	$	91,842	$	91,040
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR9, Class AAB
4.804% due 09/11/2042		395,000		385,499
Bear Stearns Commercial Mortgage Securities,
Series 2005-T18, Class A1
4.274% due 02/13/2042 (b)		340,999		337,050
Bear Stearns Commercial Mortgage Securities,
Series 2005-T20, Class A1
4.94% due 10/12/2042		30,413		30,342
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW12, Class A1
5.546% due 09/11/2038 (b)		180,235		181,823
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW12, Class A4
5.895% due 09/11/2038 (b)		1,950,000		1,986,015
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW15, Class AAB
5.315% due 02/11/2044		600,000		589,642
Bear Stearns Commercial Mortgage Securities,
Series 2005-PW10, Class A1
5.085% due 12/11/2040		825,585		825,919
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2006-CD3, Class AAB
5.608% due 10/15/2048		310,000		311,104
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A1
5.0468% due 07/15/2044		243,405		243,228
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A4
5.2254% due 07/15/2044 (b)		700,000		693,639
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2007-CD4, Class ASB
5.278% due 12/11/2049		650,000		638,249
Commercial Mortgage Pass Through Certificates,
Series 2007-C9, Class A4
5.81645% due 12/10/2049 (b)		1,325,000		1,350,267
Credit Suisse Mortgage Capital Certificates, Series
2007-C4, Class A1
5.54% due 09/15/2039		160,000		161,880
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class A1
4.771% due 09/15/2039		284,710		282,681
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class A3
5.467% due 09/15/2039		1,075,000		1,067,354
Credit Suisse Mortgage Capital Certificates,
Series 2007-C1, Class A1
5.227% due 02/15/2040		302,003		302,323
CS First Boston Mortgage Securities Corp.,
Series 2005-C2, Class A4
4.832% due 04/15/2037		575,000		551,171
DLJ Commercial Mortgage Corp.,
Series 1999-CG2,Class A1B
7.30% due 06/10/2032		515,901		531,661

The accompanying notes are an integral part of the financial statements. 

361

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Series
1994-1671, Class G
6.50% due 08/15/2023	$	3,110	$	3,111
Federal Home Loan Mortgage Corp., Series
2003-2586, Class NJ
4.50% due 08/15/2016		458,266		452,471
Federal Home Loan Mortgage Corp., Series
2003-2614, Class IH
4.50% IO due 05/15/2016		205,361		18,041
Federal Home Loan Mortgage Corp., Series
2003-2627, Class IE
4.50% IO due 04/15/2018		60,604		5,328
Federal Home Loan Mortgage Corp., Series
2003-2631, Class KI
4.50% IO due 01/15/2015		136,424		4,701
Federal Home Loan Mortgage Corp., Series
2003-2631, Class MV
4.00% due 01/15/2022		54,144		54,033
Federal Home Loan Mortgage Corp., Series
2003-2681, Class PC
5.00% due 01/15/2019		218,000		217,596
Federal Home Loan Mortgage Corp., Series
2003-2686, Class JG
5.50% due 04/15/2028		721,000		722,123
Federal Home Loan Mortgage Corp., Series
2003-41, Class YV
5.50% due 04/25/2014		226,430		228,017
Federal Home Loan Mortgage Corp., Series
2004-2809, Class EG
5.00% due 08/15/2021		213,888		212,311
Federal Home Loan Mortgage Corp., Series
2004-2844, Class PQ
5.00% due 05/15/2023		127,000		127,077
Federal Home Loan Mortgage Corp., Series
2004-2872, Class YB
5.00% due 06/15/2023		264,140		264,064
Federal Home Loan Mortgage Corp., Series
2004-2882, Class YB
5.00% due 10/15/2027		600,000		599,785
Federal Home Loan Mortgage Corp., Series
2005-2934, Class NB
5.00% due 01/15/2028		91,000		90,754
Federal Home Loan Mortgage Corp., Series
2005-R003, Class VA
5.50% due 08/15/2016		474,193		476,765
Federal Home Loan Mortgage Corp., Series
2006-3123, Class VB
6.00% due 09/15/2013		233,036		241,354
Federal Home Loan Mortgage Corp., Series
2006-3152, Class DA
6.00% due 09/15/2025		187,073		189,317
Federal Home Loan Mortgage Corp., Series
2006-3177, Class PA
6.00% due 12/15/2026		344,271		348,785
Federal Home Loan Mortgage Corp., Series
2006-3195, Class PN
6.50% due 08/15/2030		1,123,204		1,154,749

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Series
2006-R007, Class VA
6.00% due 09/15/2016	$	180,390	$	184,381
Federal Home Loan Mortgage Corp., Stated Final,
Series 2004-SF4, Class C
3.32% due 12/15/2011		55,000		53,329
Federal Home Loan Mortgage Corp.,
Stated Final, Series 2004-SF4, Class B
2.37% due 12/15/2009		24,035		23,951
Federal Home Loan Mortgage Corp., Strips, Series
1998-199, Class PO
zero coupon PO due 08/01/2028		8,770		6,835
Federal National Mortgage Association Interest
Strip, Series 2002-319, Class 2
6.50% IO due 02/01/2032		32,836		8,143
Federal National Mortgage Association, Series
1993-8, Class L
9.00% due 01/25/2008		470		471
Federal National Mortgage Association, Series
2002-74, Class PJ
5.00% due 03/25/2015		334,646		334,140
Federal National Mortgage Association, Series
2002-84, Class VA
5.50% due 11/25/2013		184,869		186,188
Federal National Mortgage Association, Series
2003-40, Class NI
5.50% IO due 11/25/2028		40,639		2,455
Federal National Mortgage Association, Series
2003-92, Class NM
3.50% due 04/25/2013		186,658		185,154
Federal National Mortgage Association, Series
2004-21, Class AC
4.00% due 05/25/2016		62,889		61,912
Federal National Mortgage Association, Series
2006-3136, Class PB
6.00% due 01/15/2030		375,000		382,248
Federal National Mortgage Association, Series
2006-B2, Class AB
5.50% due 05/25/2014		403,565		404,508
Freddie Mac REMICS, Series 2003-2568, Class KA
4.25% due 12/15/2021		346,212		336,574
Freddie Mac REMICS, Series 2007-3354, Class PA
5.50% due 07/15/2028		725,000		730,434
GE Capital Commercial Mortgage Corp.,
Series 2001-1, Class A2
6.531% due 05/15/2033		400,000		417,908
GE Capital Commercial Mortgage Corp.,
Series 2005-C4, Class A1
5.082% due 11/10/2045		399,529		399,917
Government National Mortgage Association, Series
1997-16, Class PL
6.50% due 10/20/2027		429,000		441,528
Government National Mortgage Association, Series
1998-12, Class Z
6.50% due 05/20/2028		42,734		43,188

The accompanying notes are an integral part of the financial statements. 

362

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Government National Mortgage Association, Series
1998-6, Class EA
zero coupon PO due 03/16/2028	$	39,742	$	34,013
Government National Mortgage Association, Series
2001-48, Class PC
6.50% due 10/20/2031		287,236		294,800
Government National Mortgage Association, Series
2001-56, Class PH
6.50% due 11/20/2031		374,835		384,782
Government National Mortgage Association, Series
2003-3, Class LM
5.50% due 02/20/2032		535,000		535,363
Government National Mortgage Association, Series
2003-49, Class C
4.485% due 10/16/2033 (b)		59,000		54,496
Government National Mortgage Association, Series
2004-1, Class 1
zero coupon PO due 07/20/2034		258,317		191,115
Government National Mortgage Association, Series
2004-43, Class D
4.994% due 03/16/2030 (b)		49,000		47,583
Government National Mortgage Association, Series
2004-44, Class PC
5.50% due 05/20/2031		927,000		932,820
Government National Mortgage Association, Series
2005-94, Class PB
5.50% due 12/20/2035		135,000		131,378
Greenwich Capital Commercial Funding Corp.,
Series 2004-GG1, Class A2
3.835% due 06/10/2036		9,682		9,668
Greenwich Capital Commercial Funding Corp.,
Series 2004-GG1, Class A3
4.344% due 06/10/2036		175,000		173,483
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class A2
4.305% due 08/10/2042		1,660,000		1,635,691
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class AAB
4.619% due 08/10/2042 (b)		124,000		120,739
Greenwich Capital Commercial Funding Corp.,
Series 2007-GG9, Class A1
5.233% due 03/10/2039		316,493		317,217
Greenwich Capital Commercial Funding Corp.,
Series 2007-GG9, Class A4
5.444% due 03/10/2039		725,000		716,444
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2007-LD11, Class A4
5.818907% due 06/15/2049 (b)		440,000		447,714
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-CB14, Class A4
5.481% due 12/12/2044 (b)		1,685,000		1,681,493
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2001-CIB2, Class A2
6.244% due 04/15/2035		1,322,148		1,337,136

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2001-CIBC, Class A3
6.26% due 03/15/2033	$	234,662	$	242,160
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2005-LDP4, Class A1
4.613% due 10/15/2042		11,084		11,015
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2005-LDP4, Class ASB
4.824% due 10/15/2042 (b)		533,000		519,545
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2006-CB17, Class A1
5.279% due 12/12/2043		210,834		211,674
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2006-LDP9, Class A1
5.17% due 05/15/2047		269,698		269,852
LB-UBS Commercial Mortgage Trust, Series
2007-C2, Class A3
5.43% due 02/15/2040		50,000		49,335
LB-UBS Commercial Mortgage Trust,
Series 2003-C8, Class A1
3.636% due 11/15/2027		518,717		512,612
LB-UBS Commercial Mortgage Trust,
Series 2004-C2, Class A2
3.246% due 03/15/2029		1,375,000		1,343,155
LB-UBS Commercial Mortgage Trust,
Series 2004-C4, Class A2
4.567% due 06/15/2029 (b)		640,000		635,951
LB-UBS Commercial Mortgage Trust,
Series 2005-C1, Class A4
4.742% due 02/15/2030		688,000		656,789
LB-UBS Commercial Mortgage Trust,
Series 2006-C1, Class A1
5.018% due 02/15/2031		260,259		260,028
LB-UBS Commercial Mortgage Trust,
Series 2006-C1, Class A4
5.156% due 02/15/2031		1,992,500		1,948,343
Morgan Stanley Capital I, Series 2006-T23, Class A4
5.81103% due 08/12/2041		460,000		472,126
Morgan Stanley Capital I, Series 2007-IQ15, Class
A4
5.88181% due 06/11/2049 (b)		1,575,000		1,619,163
Morgan Stanley Capital I, Series 2007-T27, Class A1
5.606% due 06/11/2042		699,823		708,525
Morgan Stanley Capital I, Series 2007-T27, Class A2
5.6506% due 06/11/2042 (b)		400,000		406,086
Morgan Stanley Capital I, Series 2007-T27, Class A4
5.6506% due 06/11/2042 (b)		625,000		624,485
Morgan Stanley Dean Witter
Capita I, Series 2002-TOP7, Class A1
5.38% due 01/15/2039		27,486		27,628

The accompanying notes are an integral part of the financial statements. 

363

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Morgan Stanley Dean Witter
Capital I, Series 2002-TOP7, Class A2
5.98% due 01/15/2039	$	312,000	$	321,598
Morgan Stanley Capital I, Series 2006-T23, Class A1
5.682% due 08/12/2041		187,777		190,374
Vendee Mortgage Trust, Series 1996-3, Class 4
9.59914% due 03/15/2025 (b)		16,930		18,271
Wells Fargo Mortgage Backed Securities Trust,
Series 2003-O, Class 5A1
4.7974% due 01/25/2034 (b)		576,297		564,382
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR2, Class 2A2
4.5455% due 03/25/2035 (b)		422,775		418,215
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR2, Class 3A1
4.938% due 03/25/2035 (b)		252,622		250,194
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR12, Class 1A1
6.025% due 09/25/2036 (b)		1,451,024		1,465,730
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR16, Class A1
5.670079% due 10/25/2036 (b)		1,056,321		1,059,983
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $48,694,565)			$	48,859,680
ASSET BACKED SECURITIES - 2.36%
USAA Auto Owner Trust, Series 2007-1, Class A4
5.55% due 02/15/2013		780,000		787,014
Volkswagen Auto Loan Enhanced Trust, Series
2005-1, Class A4
4.86% due 04/20/2012		780,000		777,120
AmeriCredit Automobile Receivables Trust,
Series 2006-RM, Class A3
5.53% due 01/06/2014		1,975,000		1,987,723
BA Credit Card Trust, Series 2006-A9, Class A9
5.7625% due 02/15/2013 (b)		1,125,000		1,115,156
BankBoston Home Equity Loan Trust,
Series 1998-2, Class A6
6.64% due 12/25/2028		52,057		51,929
Bay View Auto Trust, Series 2005-3, Class A4
5.01% due 06/25/2014		342,000		341,670
Cabela's Master Credit Card Trust, Series 2005-1A,
Class A1
4.97% due 10/15/2013		135,000		134,952
Capital Auto Receivables Asset Trust,
Series 2004-1, Class CTFS
2.84% due 09/15/2010		127,000		127,000
Capital Auto Receivables Asset Trust,
Series 2006-SN1A, Class B
5.50% due 04/20/2010		275,000		274,318
Capital Auto Receivables Asset Trust,
Series 2006-SN1A, Class A4A
5.32% due 03/20/2010		1,550,000		1,551,389
Capital Auto Receivables Asset Trust,
Series 2006-SN1A, Class A4B
5.8625% due 03/20/2010 (b)		300,000		297,440

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Capital One Multi-Asset Execution Trust, Series
2003-C3, Class C3
8.0025% due 07/15/2016 (b)	$	40,000	$	41,390
Capital One Multi-Asset Execution Trust, Series
2007-C3, Class C3
6.0425% due 04/15/2013		130,000		126,422
Capital One Multi-Asset Execution Trust,
Series 2003-C4, Class C4
6.00% due 08/15/2013		335,000		336,585
Capital One Prime Auto Receivables Trust,
Series 2006-1, Class A4
5.01% due 11/15/2011		540,000		539,520
Chase Funding Mortgage Loan
Asset-Backed Certificates,
Series 2002-2, Class 1M1
5.599% due 09/25/2031		21,551		18,670
Chase Funding Mortgage Loan
Asset-Backed Certificates,
Series 2002-4, Class 2A1
5.8713% due 10/25/2032 (b)		14,344		14,170
Chase Funding Mortgage Loan
Asset-Backed Certificates,
Series 2003-3, Class 1A6
3.717% due 10/25/2014		131,012		124,723
Citibank Credit Card Issuance Trust, Series
2007-A5, Class A5
5.50% due 06/22/2012		1,100,000		1,115,641
CNH Equipment Trust, Series 2003-B, Class A4B
3.38% due 02/15/2011		89,403		89,240
CNH Equipment Trust, Series 2007-A, Class A3
4.99% due 10/15/2010		325,000		325,965
CNH Equipment Trust, Series 2007-A, Class B
5.09% due 06/16/2014		295,000		293,061
Detroit Edison Securitization Funding LLC,
Series 2001-1, Class A5
6.42% due 03/01/2015		425,000		446,848
Florida Power & Light Recovery Funding LLC,
Series 2007-A, Class A2
5.044% due 08/01/2015		700,000		701,793
GE Capital Credit Card Master Note Trust,
Series 2006-1, Class A
5.08% due 09/17/2012		345,000		347,101
GE Equipment Small Ticket LLC,
Series 2005-1A, Class A4
4.51% due 12/22/2014		287,000		284,308
Harley-Davidson Motorcycle Trust,
Series 2003-3, Class A2
2.76% due 05/15/2011		32,942		32,772
Harley-Davidson Motorcycle Trust,
Series 2003-4, Class A2
2.69% due 04/15/2011		39,652		39,033
Honda Auto Receivables Owner Trust,
Series 2007-1, Class A3
5.10% due 03/18/2011		450,000		450,492
Household Affinity Credit Card Master Note Trust I,
Series 2003-1, Class A
5.8725% due 02/15/2010 (b)		91,000		91,042

The accompanying notes are an integral part of the financial statements. 

364

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Household Automotive Trust,
Series 2006-2, Class A4
5.67% due 05/17/2013	$	220,000	$	222,018
Hyundai Auto Receivables Trust,
Series 2007-A, Class A3A
5.04% due 01/15/2012		330,000		328,907
Hyundai Auto Receivables Trust,
Series 2006-A, Class A4
5.26% due 11/15/2012		485,000		485,666
John Deere Owner Trust, Series 2005-A, Class A4
4.16% due 05/15/2012		45,000		44,447
John Deere Owner Trust, Series 2006-A, Class A4
5.39% due 06/17/2013		225,000		225,958
JP Morgan Auto Receivables Trust,
Series 2007-A, Class A4
5.19% due 02/15/2014		240,000		240,863
M&I Auto Loan Trust, Series 2005-1, Class A4
4.86% due 03/21/2011		120,000		119,588
Marriott Vacation Club Owner Trust,
Series 2006-1A, Class A
5.737% due 04/20/2028		713,619		717,440
Marriott Vacation Club Owner Trust,
Series 2006-1A, Class B
5.827% due 04/20/2028		24,088		24,052
Marriott Vacation Club Owner Trust,
Series 2006-2A, Class A
5.362% due 10/20/2028		269,868		271,345
MBNA Credit Card Master Note Trust, Series
2006-C3, Class C3
6.0425% due 10/15/2013 (b)		425,000		409,355
MBNA Credit Card Master Note Trust,
Series 2005-A3, Class A3
4.10% due 10/15/2012		1,350,000		1,326,302
Nissan Auto Receivables Owner Trust,
Series 2004-A, Class A4
2.76% due 07/15/2009		135,719		134,608
Nordstrom Private Label
Credit Card Master Note Trust,
Series 2007-1A, Class A
4.92% due 05/15/2013		350,000		350,383
Onyx Acceptance Owner
Trust, Series 2005-A, ClassA4
3.91% due 09/15/2011		150,000		148,691
Peco Energy Transition Trust,
Series 2000-A, Class A4
7.65% due 03/01/2010		500,000		527,080
Peco Energy Transition Trust,
Series 2001-A, Class A1
6.52% due 12/31/2010		381,000		398,293
PP&L Transition Bond Company LLC,
Series 1999-1, Class A8
7.15% due 06/25/2009		79,576		80,886
PSE&G Transition Funding LLC,
Series 2001-1, Class A6
6.61% due 06/15/2015		412,000		437,299

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Reliant Energy Transport Bond Company,
Series 2001-1, Class A4
5.63% due 09/15/2015	$	284,000	$	290,092
Residential Asset Mortgage Products, Inc.,
Series 2003-RZ2, Class A1
3.60% due 04/25/2033		26,475		25,579
Sovereign Bank Home Equity Loan Trust,
Series 2000-1, Class A6
7.25% due 02/25/2015		6,092		6,135
Triad Auto Receivables Owner Trust,
Series 2006-B, Class A3
5.41% due 08/12/2011		450,000		450,492
Triad Auto Receivables Owner Trust,
Series 2006-B, Class A4
5.52% due 11/12/2012		525,000		528,267
USAA Auto Owner Trust, Series 2007-2, Class A3
4.90% due 02/15/2012		1,200,000		1,199,839
USAA Auto Owner Trust, Series 2005-2, Class A4
4.17% due 02/15/2011		140,000		138,394
Volkswagen Auto Lease Trust,
Series 2006-A, Class A4
5.54% due 04/20/2011		235,000		236,218
Volkswagen Auto Loan Enhanced Trust,
Series 2007-1, Class A3
5.20% due 01/20/2010		240,000		240,225
Wachovia Auto Loan Owner Trust 2006-1, Series
2007-1, Class A3A
5.29% due 04/20/2012		350,000		351,172
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C28, Class A4
5.572% due 10/15/2048 (b)		1,450,000		1,451,666
Wachovia Auto Owner Trust,
Series 2006-A, Class A4
5.38% due 03/20/2013		225,000		226,193
TOTAL ASSET BACKED SECURITIES
(Cost $24,460,262)			$	24,501,940
SHORT TERM INVESTMENTS - 5.65%
Egypt Treasury Bills, Series 364
zero coupon due 11/20/2007	EGP	600,000	$	106,069
Egypt Treasury Bills, Series 364
zero coupon due 03/18/2008		1,000,000		172,272
John Hancock Cash Investment Trust	$	3,163,725		3,163,725
Malaysia Treasury Bill, Series 364
zero coupon due 07/04/2008	MYR	97,000		27,732
Malaysia Treasury Bill, Series 182
zero coupon due 12/28/2007 to
01/11/2008		2,244,000		652,839
T. Rowe Price Reserve Investment
Fund	$	54,665,517		54,665,517
TOTAL SHORT TERM INVESTMENTS
(Cost $58,774,291)			$	58,788,154

The accompanying notes are an integral part of the financial statements. 

365

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued (showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.27%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$2,854,975 on 10/01/2007,
collateralized by $2,905,000
Federal National Mortgage
Association, 6.25% due
02/14/2022 (valued at $2,912,263,
including interest)	$	2,854,000	$	2,854,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,854,000)			$	2,854,000
Total Investments (Spectrum Income Trust)
(Cost $1,010,423,923) - 99.96%			$	1,039,452,986
Other Assets in Excess of Liabilities - 0.04%				393,066
TOTAL NET ASSETS - 100.00%			$	1,039,846,052
Strategic Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 4.31%
Treasury Inflation Protected
Securities (d) - 4.13%
1.875% due 07/15/2015	$	1,488,579	$	1,449,156
2.00% due 01/15/2016 to 01/15/2026		8,102,217		7,755,328
2.375% due 01/15/2017		2,200,120		2,215,934
2.375% due 01/15/2027 ***		13,304,010		13,466,159
2.50% due 07/15/2016		1,248,067		1,271,273
3.375% due 04/15/2032		551,569		673,689
3.875% due 01/15/2009 to 04/15/2029		2,002,703		2,473,436
				29,304,975
U.S. Treasury Notes - 0.13%
4.625% due 12/31/2011		920,000		936,100
U.S. Treasury Strips - 0.05%
zero coupon due 05/15/2030		960,000		318,997
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $29,574,602)			$	30,560,072
U.S. GOVERNMENT AGENCY OBLIGATIONS - 32.10%
Federal Home Loan Bank - 0.18%
5.40% due 01/02/2009		1,250,000		1,250,009
Federal Home Loan Mortgage Corp. - 0.08%
5.125% due 04/18/2011		520,000		531,015
8.00% due 05/01/2010		3,753		3,849
8.50% due 05/01/2008		666		673
				535,537
Federal National Mortgage
Association - 26.59%
5.00% TBA **		73,090,000		69,717,174
5.50% due 04/01/2036 ***		4,940,436		4,789,742
5.50% TBA **		73,670,000		72,601,744

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
6.00% due 04/18/2036	$	970,000	$	992,977
6.00% TBA **		29,750,000		29,773,286
6.50% due 10/01/2032		1,000,027		1,024,193
6.50% TBA **		9,100,000		9,264,937
6.81% due 11/01/2035		265,506		273,005
7.50% due 07/01/2030 to 02/01/2031		83,182		86,994
8.00% due 07/01/2027 to 08/01/2027		66,127		69,972
8.80% due 01/25/2019		55,911		60,420
10.40% due 04/25/2019		18,030		19,471
				188,673,915
Government National Mortgage
Association - 5.25%
5.00% due 04/15/2034 to 04/15/2035		4,993,166		4,836,395
6.00% TBA **		32,200,000		32,401,250
7.50% due 04/15/2022 to 10/15/2027		24,494		25,729
				37,263,374
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $227,911,917)			$	227,722,835
FOREIGN GOVERNMENT OBLIGATIONS - 6.61%
Brazil - 2.75%
Federative Republic of Brazil
6.00% due 05/15/2045	BRL	1,231,000		1,090,024
8.00% due 01/15/2018	$	2,390,000		2,667,240
10.00% due 07/01/2010	BRL	18,700,000		10,103,209
10.00% due 01/01/2010		1,000		543
11.00% due 08/17/2040	$	3,469,000		4,639,788
Federative Republic of Brazil, Series NTNB
6.00% due 05/15/2015	BRL	1,130,000		1,002,131
				19,502,935
Colombia - 0.10%
Republic of Colombia
7.375% due 09/18/2037	$	620,000		682,000
Indonesia - 0.38%
Republic of Indonesia, Series FR40
11.00% due 09/15/2025	IDR	22,533,000,000		2,707,604
Italy - 0.28%
Republic of Italy
5.804% due 10/25/2032	$	1,948,000		1,991,033
Mexico - 0.36%
Government of Mexico
5.625% due 01/15/2017		1,192,000		1,188,424
6.75% due 09/27/2034		1,286,000		1,398,525
				2,586,949
Panama - 0.29%
Republic of Panama
6.70% due 01/26/2036		249,000		255,847
9.375% due 04/01/2029		1,333,000		1,786,220
				2,042,067

The accompanying notes are an integral part of the financial statements. 

366

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Russia - 0.97%
Russian Federation, Series REGS
7.50% due 03/31/2030	$	6,091,390	$	6,870,479
Turkey - 1.48%
Republic of Turkey
11.875% due 01/15/2030		4,300,000		6,675,750
16.00% due 03/07/2012	TRY	2,227,000		1,866,032
Republic of Turkey, Series CPI
10.00% due 02/15/2012		2,227,000		1,954,364
				10,496,146
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $43,807,220)			$	46,879,213
CORPORATE BONDS - 48.94%
Advertising - 0.14%
Lamar Media Corp.
6.625% due 08/15/2015	$	170,000		164,050
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		625,000		636,719
R.H. Donnelley Finance Corp., Series I
10.875% due 12/15/2012		200,000		213,000
				1,013,769
Aerospace - 0.22%
Alliant Techsystems, Inc.
6.75% due 04/01/2016		210,000		207,900
DRS Technologies, Inc.
6.875% due 11/01/2013		550,000		550,000
7.625% due 02/01/2018		50,000		51,000
Hawker Beechcraft Acquisition Company LLC
9.75% due 04/01/2017		435,000		444,787
Hawker Beechcraft Acquisition Company LLC, PIK
8.875% due 04/01/2015		50,000		50,375
Sequa Corp.
9.00% due 08/01/2009		275,000		286,000
				1,590,062
Air Travel - 0.11%
Continental Airlines, Inc.
6.541% due 09/15/2008		16,847		16,679
8.75% due 12/01/2011 (a)		180,000		172,800
DAE Aviation Holdings, Inc.
11.25% due 08/01/2015		550,000		574,750
				764,229
Aluminum - 0.05%
Novelis, Inc.
7.25% due 02/15/2015		355,000		342,575
Apparel & Textiles - 0.06%
Levi Strauss & Company
9.75% due 01/15/2015		395,000		414,750
Auto Parts - 0.13%
Keystone Automotive Operations
9.75% due 11/01/2013		300,000		244,500

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Auto Parts (continued)
Visteon Corp.
8.25% due 08/01/2010	$	770,000	$	677,600
				922,100
Auto Services - 0.31%
Hertz Corp.
8.875% due 01/01/2014		355,000		365,650
10.50% due 01/01/2016		1,070,000		1,155,600
Penhall International Corp.
12.00% due 08/01/2014		655,000		661,550
				2,182,800
Automobiles - 3.42%
DaimlerChrysler N.A. Holding Corp.
4.05% due 06/04/2008		1,760,000		1,740,719
Ford Motor Company
4.25% due 12/15/2036		150,000		176,190
6.625% due 10/01/2028		225,000		167,625
7.45% due 07/16/2031		8,155,000		6,401,675
8.875% due 01/15/2022		145,000		124,700
8.90% due 01/15/2032		150,000		123,750
General Motors Corp.
8.25% due 07/15/2023		150,000		131,250
8.375% due 07/15/2033		17,560,000		15,386,950
				24,252,859
Banking - 2.79%
Bank of America Corp.
5.42% due 03/15/2017		2,300,000		2,236,255
Glitnir Banki HF
6.33% due 07/28/2011		720,000		732,414
6.375% due 09/25/2012		870,000		872,041
6.693% due 06/15/2016 (b)		1,220,000		1,246,851
7.451% due 09/14/2049 (b)		100,000		98,535
HSBC Bank PLC
zero coupon due 11/01/2011 (b)	RUB	21,807,000		867,164
HSBC Bank PLC, Series EMTN
7.00% due 11/01/2011	$	151,880		151,926
HSBC Bank USA, Series BKNT
6.9704% due 11/01/2011 (b)		7,510		7,512
6.9809% due 11/01/2011 (b)		7,803		7,805
ICICI Bank, Ltd.
6.375% due 04/30/2022 (b)		746,000		697,585
ICICI Bank, Ltd., Series REGS
6.375% due 04/30/2022 (b)		830,000		774,772
Kaupthing Bank
5.758% due 04/12/2011		2,030,000		2,013,640
7.125% due 05/19/2016		440,000		444,061
RSHB Capital SA for OJSC Russian Agricultural
Bank
6.299% due 05/15/2017 ***		1,590,000		1,496,826
TuranAlem Finance BV
8.25% due 01/22/2037		2,590,000		2,188,550
TuranAlem Finance BV, Series REGS
8.25% due 01/22/2037		430,000		375,175
Wachovia Corp.
5.25% due 08/01/2014 ***		3,280,000		3,214,567

The accompanying notes are an integral part of the financial statements. 

367

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Wells Fargo Company
5.30% due 08/26/2011	$	2,360,000	$	2,373,044
				19,798,723
Broadcasting - 0.36%
CMP Susquehanna Corp.
9.875% due 05/15/2014		295,000		274,350
News America, Inc.
5.30% due 12/15/2014		2,040,000		1,984,643
XM Satellite Radio, Inc.
9.75% due 05/01/2014		100,000		100,250
9.8563% due 05/01/2013 (b)		190,000		187,625
				2,546,868
Building Materials & Construction - 0.12%
Ainsworth Lumber Company, Ltd.
7.25% due 10/01/2012		85,000		58,225
Associated Materials, Inc.
zero coupon, Step up to 11.25% on
03/01/2009 due 03/01/2014		850,000		535,500
NTK Holdings, Inc.
zero coupon, Step up to 10.75% on
09/01/2009 due 03/01/2014		455,000		279,825
				873,550
Business Services - 0.42%
Affinion Group, Inc.
10.125% due 10/15/2013		370,000		390,350
11.50% due 10/15/2015		170,000		178,500
Allied Security Escrow Corp.
11.375% due 07/15/2011		345,000		345,000
Electronic Data Systems Corp.
7.125% due 10/15/2009		1,370,000		1,394,786
Sungard Data Systems, Inc.
9.125% due 08/15/2013		438,000		455,520
10.25% due 08/15/2015		235,000		245,575
				3,009,731
Cable & Television - 1.37%
Charter Communications Holdings I LLC
11.75% due 05/15/2014		530,000		490,250
12.125% due 01/15/2015		160,000		149,600
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		474,000		479,925
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		400,000		409,000
10.25% due 10/01/2013		290,000		302,325
Charter Communications Holdings LLC
11.75% due 05/15/2011		180,000		172,575
12.125% due 01/15/2012		90,000		86,288
Comcast Corp.
6.50% due 01/15/2015		860,000		888,605
6.50% due 01/15/2017		450,000		464,202
CSC Holdings, Inc.
6.75% due 04/15/2012		400,000		385,000

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable & Television (continued)
CSC Holdings, Inc., Series B
8.125% due 08/15/2009	$	550,000	$	559,625
8.125% due 07/15/2009		75,000		76,313
EchoStar DBS Corp.
6.625% due 10/01/2014		1,200,000		1,206,000
ION Media Networks, Inc.
11.61% due 01/15/2013 (b)		80,000		81,600
Rogers Cable, Inc.
8.75% due 05/01/2032		525,000		618,921
Time Warner Entertainment Company LP
8.375% due 07/15/2033		820,000		961,541
Time Warner, Inc.
7.625% due 04/15/2031		1,775,000		1,930,641
Univision Communications, Inc., PIK
9.75% due 03/15/2015		170,000		165,750
Videotron Ltee.
6.375% due 12/15/2015		300,000		282,000
				9,710,161
Cellular Communications - 0.52%
AT&T Broadband Corp.
8.375% due 03/15/2013		1,580,000		1,770,924
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		120,000		122,400
Nextel Communications, Inc.
6.875% due 10/31/2013		250,000		251,000
Rogers Wireless, Inc.
7.25% due 12/15/2012		40,000		42,352
8.00% due 12/15/2012		140,000		146,506
Rural Cellular Corp.
8.25% due 03/15/2012		370,000		383,875
8.621% due 06/01/2013 (b)		190,000		194,750
9.875% due 02/01/2010		105,000		109,725
True Move Company, Ltd.
10.75% due 12/16/2013		680,000		686,528
				3,708,060
Chemicals - 0.24%
Arco Chemical Company
9.80% due 02/01/2020		100,000		99,000
Equistar Chemicals LP
10.625% due 05/01/2011		186,000		194,370
Georgia Gulf Corp.
9.50% due 10/15/2014		460,000		420,900
Huntsman International LLC
7.875% due 11/15/2014		140,000		149,100
Lyondell Chemical Company
8.00% due 09/15/2014		120,000		132,000
8.25% due 09/15/2016		100,000		112,750
10.50% due 06/01/2013		30,000		32,250
Methanex Corp.
8.75% due 08/15/2012		205,000		217,300
Montell Finance Company BV
8.10% due 03/15/2027		270,000		234,900
Westlake Chemical Corp.
6.625% due 01/15/2016		115,000		109,250
				1,701,820

The accompanying notes are an integral part of the financial statements. 

368

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Coal - 0.04%
International Coal Group, Inc.
10.25% due 07/15/2014	$	325,000	$	312,000
Commercial Services - 0.17%
DI Finance/DynCorp International LLC, Series B
9.50% due 02/15/2013		475,000		491,625
PGS Solutions, Inc.
9.625% due 02/15/2015		70,000		65,275
Rental Service Corp.
9.50% due 12/01/2014		675,000		644,625
				1,201,525
Computers & Business Equipment - 0.03%
Activant Solutions, Inc.
9.50% due 05/01/2016		225,000		198,000
Construction Materials - 0.03%
Nortek, Inc.
8.50% due 09/01/2014		270,000		234,225
Containers & Glass - 0.27%
Graham Packaging Company
9.875% due 10/15/2014		410,000		405,900
Graphic Packaging International Corp.
9.50% due 08/15/2013		320,000		328,800
Owens-Brockway Glass Container, Inc.
8.25% due 05/15/2013		75,000		77,625
Owens-Illinois, Inc.
7.35% due 05/15/2008		500,000		501,875
Plastipak Holdings, Inc.
8.50% due 12/15/2015		150,000		155,250
Radnor Holdings Corp.
11.00% due 03/15/2010 ^		175,000		219
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		425,000		417,562
				1,887,231
Correctional Facilities - 0.05%
Corrections Corp. of America
6.75% due 01/31/2014		350,000		349,563
Crude Petroleum & Natural Gas - 1.30%
Anadarko Finance Company, Series B
7.50% due 05/01/2031		1,370,000		1,492,003
Anadarko Petroleum Corp.
5.95% due 09/15/2016		100,000		99,041
6.0944% due 09/15/2009 (b)		1,340,000		1,332,259
Chesapeake Energy Corp.
6.25% due 01/15/2018		245,000		236,425
6.625% due 01/15/2016		105,000		104,475
7.00% due 08/15/2014		300,000		301,875
Conoco, Inc.
6.95% due 04/15/2029		2,200,000		2,419,624
Hess Corp.
7.30% due 08/15/2031 (a)		1,220,000		1,337,391
7.875% due 10/01/2029		150,000		172,412
Mariner Energy, Inc.
7.50% due 04/15/2013		140,000		135,800
OPTI Canada, Inc.
7.875% due 12/15/2014		310,000		310,000

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Crude Petroleum & Natural Gas
(continued)
OPTI Canada, Inc. (continued)
8.25% due 12/15/2014	$	200,000	$	201,500
PetroHawk Energy Corp.
9.125% due 07/15/2013		205,000		216,275
Pogo Producing Company
6.875% due 10/01/2017		300,000		301,500
7.875% due 05/01/2013		70,000		72,450
Quicksilver Resources, Inc.
7.125% due 04/01/2016		375,000		369,375
W&T Offshore, Inc.
8.25% due 06/15/2014		160,000		154,000
				9,256,405
Diversified Financial Services - 0.07%
Emeralds 2006-1-O
5.71% due 08/04/2020 (b)		500,000		500,190
Domestic Oil - 0.31%
Exco Resources, Inc.
7.25% due 01/15/2011		515,000		512,425
Stone Energy Corp.
8.25% due 12/15/2011		575,000		573,562
Swift Energy Company
7.625% due 07/15/2011		575,000		576,438
Whiting Petroleum Corp.
7.00% due 02/01/2014		575,000		552,000
				2,214,425
Drugs & Health Care - 0.28%
Humana, Inc.
6.30% due 08/01/2018		1,980,000		1,979,780
Educational Services - 0.07%
Education Management Corp.
8.75% due 06/01/2014		200,000		205,000
10.25% due 06/01/2016		280,000		289,800
				494,800
Electrical Utilities - 3.91%
AES Corp.
7.75% due 03/01/2014 ***		5,066,000		5,141,990
8.75% due 06/15/2008 ***		2,140,000		2,169,425
8.875% due 02/15/2011		1,305,000		1,362,094
9.375% due 09/15/2010		1,730,000		1,825,150
9.50% due 06/01/2009		1,630,000		1,695,200
Dominion Resources, Inc.
5.70% due 09/17/2012		1,370,000		1,374,815
Edison Mission Energy
7.00% due 05/15/2017		460,000		453,100
7.20% due 05/15/2019		610,000		600,850
7.625% due 05/15/2027		230,000		221,950
7.75% due 06/15/2016		260,000		269,100
Exelon Corp.
5.625% due 06/15/2035		635,000		568,606
FirstEnergy Corp.
6.45% due 11/15/2011		820,000		847,769
7.375% due 11/15/2031 ***		1,215,000		1,329,611

The accompanying notes are an integral part of the financial statements. 

369

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Midwest Generation LLC, Series B
8.56% due 01/02/2016	$	233,744	$	250,106
Mirant Americas Generation LLC
8.30% due 05/01/2011		605,000		611,050
Orion Power Holdings, Inc.
12.00% due 05/01/2010		220,000		240,900
Pacific Gas & Electric Company
6.05% due 03/01/2034		930,000		913,345
TXU Corp., Series P
5.55% due 11/15/2014		1,580,000		1,274,286
TXU Corp., Series Q
6.50% due 11/15/2024		1,830,000		1,466,745
TXU Corp., Series R
6.55% due 11/15/2034		6,520,000		5,113,395
				27,729,487
Electronics - 0.12%
L-3 Communications Corp.
7.625% due 06/15/2012		850,000		869,125
Energy - 0.53%
Duke Energy Company
4.20% due 10/01/2008		2,120,000		2,098,495
Dynegy Holdings, Inc.
7.75% due 06/01/2019		510,000		487,688
NRG Energy, Inc.
7.25% due 02/01/2014		225,000		225,562
7.375% due 02/01/2016		975,000		977,437
				3,789,182
Financial Services - 13.46%
Aiful Corp.
5.00% due 08/10/2010		860,000		831,411
Credit Suisse USA, Inc.
5.50% due 08/16/2011		510,000		515,183
Dow Jones CDX NA HY, Series 8-Tranche 1
7.625% due 06/29/2012		25,800,000		24,929,250
E*Trade Financial Corp.
7.375% due 09/15/2013		225,000		210,375
7.875% due 12/01/2015		50,000		46,250
El Paso Performance-Linked Trust
7.75% due 07/15/2011		1,790,000		1,838,849
Ford Motor Credit Company
7.00% due 10/01/2013		100,000		90,370
7.375% due 10/28/2009		130,000		127,472
7.80% due 06/01/2012		1,050,000		998,865
7.875% due 06/15/2010		2,825,000		2,761,505
8.00% due 12/15/2016		17,950,000		16,792,315
8.11% due 01/13/2012 (b)		110,000		103,940
9.875% due 08/10/2011		450,000		455,791
10.9444% due 06/15/2011 (b)		1,179,000		1,202,953
General Motors Acceptance Corp.
4.375% due 12/10/2007		510,000		507,519
5.125% due 05/09/2008		380,000		376,992
5.85% due 01/14/2009		520,000		508,950
8.00% due 11/01/2031		21,340,000		20,936,290

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Goldman Sachs Group LP
4.50% due 06/15/2010	$	1,090,000	$	1,074,325
HSBC Finance Capital Trust IX
5.911% due 11/30/2035 (b)***		3,200,000		3,037,363
International Lease Finance Corp.
5.875% due 05/01/2013		1,545,000		1,551,103
J.P. Morgan Chase & Company
6.625% due 03/15/2012		1,925,000		2,020,624
J.P. Morgan Chase London
zero coupon due 11/08/2007		1,323,000		1,326,607
Lehman Brothers Holdings, Inc.
4.50% due 07/26/2010		1,380,000		1,343,004
Lehman Brothers Holdings, Inc., Series MTN
6.20% due 09/26/2014		440,000		441,743
Leucadia National Corp.
8.125% due 09/15/2015		250,000		251,562
Morgan Stanley
4.75% due 04/01/2014 ***		2,840,000		2,667,672
5.81% due 10/18/2016 (b)		430,000		411,378
Nell AF SARL
8.375% due 08/15/2015		303,000		276,487
Residential Capital LLC
6.00% due 02/22/2011 ***		1,370,000		1,116,550
6.875% due 06/30/2015		80,000		64,600
Resona Preferred Global Securities (Cayman), Ltd.
7.191% due 12/29/2049 (b)		860,000		863,028
Shinsei Finance Cayman, Ltd.
6.418% due 01/29/2049 (a)(b)		1,410,000		1,307,418
Sigma Finance Inc., Series MTN
8.00% due 06/22/2017 (b)		2,000,000		1,882,975
TNK-BP Finance SA
7.50% due 07/18/2016 ***		2,560,000		2,542,336
Ucar Finance, Inc.
10.25% due 02/15/2012		64,000		66,720
				95,479,775
Food & Beverages - 0.10%
Dole Food Company, Inc.
8.875% due 03/15/2011 (a)		742,000		723,450
Forest Products - 0.14%
Weyerhaeuser Company
6.75% due 03/15/2012		990,000		1,027,800
Funeral Services - 0.03%
Service Corp. International
7.50% due 04/01/2027		45,000		42,075
7.625% due 10/01/2018		105,000		108,937
7.875% due 02/01/2013		60,000		61,880
				212,892
Furniture & Fixtures - 0.08%
Norcraft Companies LP
9.00% due 11/01/2011		330,000		331,650
Norcraft Holdings Capital
zero coupon, Step up to 9.75% on
09/01/2008 due 09/01/2012		285,000		255,075
				586,725

The accompanying notes are an integral part of the financial statements. 

370

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Gas & Pipeline Utilities - 2.86%
El Paso Corp.
7.00% due 06/15/2017	$	2,020,000	$	2,051,078
7.375% due 12/15/2012		725,000		748,200
7.75% due 01/15/2032 (a)		10,155,000		10,311,813
7.80% due 08/01/2031 ***		3,373,000		3,424,553
7.875% due 06/15/2012		600,000		627,517
El Paso Natural Gas Company
8.375% due 06/15/2032		880,000		1,034,160
Kinder Morgan Energy Partners LP
5.00% due 12/15/2013		245,000		233,771
6.30% due 02/01/2009		190,000		192,523
6.75% due 03/15/2011		190,000		197,783
7.125% due 03/15/2012		25,000		26,362
Southern Natural Gas Company
8.00% due 03/01/2032		340,000		384,348
Williams Companies, Inc.
7.625% due 07/15/2019		75,000		80,344
7.875% due 09/01/2021		635,000		690,562
8.75% due 03/15/2032		227,000		261,334
				20,264,348
Healthcare Products - 0.13%
Advanced Medical Optics, Inc.
7.50% due 05/01/2017		145,000		133,400
Leiner Health Products, Inc.
11.00% due 06/01/2012		770,000		646,800
Universal Hospital Services, Inc.
8.7594% due 06/01/2015 (b)		70,000		69,650
Universal Hospital Services, Inc., PIK
8.50% due 06/01/2015		60,000		59,400
				909,250
Healthcare Services - 0.25%
DaVita, Inc.
7.25% due 03/15/2015		610,000		611,525
U.S. Oncology Holdings, Inc., PIK
10.7594% due 03/15/2012 (b)		315,000		280,350
Vanguard Health Holding Company I LLC
zero coupon, Step up to 11.25% on
10/01/2009 due 10/01/2015		100,000		74,750
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014		840,000		814,800
				1,781,425
Holdings Companies/Conglomerates - 0.12%
Ashtead Capital, Inc.
9.00% due 08/15/2016		831,000		819,574
Homebuilders - 0.04%
K Hovnanian Enterprises, Inc.
8.625% due 01/15/2017 (a)		310,000		255,750
Hotels & Restaurants - 0.10%
Buffets, Inc.
12.50% due 11/01/2014		310,000		217,000
CCM Merger, Inc.
8.00% due 08/01/2013		200,000		195,000
El Pollo Loco, Inc.
11.75% due 11/15/2013		140,000		144,200

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Hotels & Restaurants (continued)
Sbarro, Inc.
10.375% due 02/01/2015	$	160,000	$	145,600
				701,800
Industrial Machinery - 0.06%
H&E Equipment Services, Inc.
8.375% due 07/15/2016		420,000		409,500
International Oil - 2.44%
Corral Finans AB, PIK
10.36% due 04/15/2010 (b)		201,827		191,736
Gaz Capital for Gazprom
6.212% due 11/22/2016		1,680,000		1,665,216
6.51% due 03/07/2022		930,000		920,607
Gaz Capital for Gazprom, Series REGS
8.625% due 04/28/2034		1,175,000		1,516,455
Kerr-McGee Corp.
6.95% due 07/01/2024		900,000		932,437
OAO Gazprom, Series A7
6.79% due 10/29/2009		29,480,000		1,175,245
OAO Gazprom, Series A8
7.00% due 10/27/2011		9,820,000		390,496
OAO Gazprom, Series REGS
9.625% due 03/01/2013		300,000		347,430
Pemex Project Funding Master Trust
5.75% due 12/15/2015		320,000		320,196
6.625% due 06/15/2035 ***		9,195,000		9,475,227
Petroplus Finance, Ltd.
6.75% due 05/01/2014		175,000		168,000
7.00% due 05/01/2017		190,000		180,500
				17,283,545
Leisure Time - 0.67%
AMC Entertainment, Inc.
11.00% due 02/01/2016		75,000		79,875
Boyd Gaming Corp.
6.75% due 04/15/2014		575,000		563,500
Choctaw Resort Development Enterprise
7.25% due 11/15/2019		412,000		405,305
Herbst Gaming, Inc.
8.125% due 06/01/2012		375,000		336,094
Inn of the Mountain Gods Resort & Casino
12.00% due 11/15/2010		345,000		363,975
Las Vegas Sands Corp.
6.375% due 02/15/2015		350,000		338,625
MGM Mirage, Inc.
7.625% due 01/15/2017		450,000		445,500
8.375% due 02/01/2011		245,000		255,412
8.50% due 09/15/2010		20,000		20,900
Mohegan Tribal Gaming Authority
6.875% due 02/15/2015		250,000		245,938
7.125% due 08/15/2014		225,000		225,562
Park Place Entertainment Corp.
8.125% due 05/15/2011		25,000		25,500
8.875% due 09/15/2008		50,000		51,063
Pinnacle Entertainment, Inc.
8.25% due 03/15/2012		600,000		607,500

The accompanying notes are an integral part of the financial statements. 

371

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
River Rock Entertainment Authority
9.75% due 11/01/2011	$	40,000	$	41,300
Snoqualmie Entertainment Authority
9.0625% due 02/01/2014 (b)		80,000		77,800
9.125% due 02/01/2015		75,000		73,875
Station Casinos, Inc.
7.75% due 08/15/2016		420,000		415,800
Warner Music Group
7.375% due 04/15/2014		195,000		169,650
				4,743,174
Manufacturing - 1.40%
Tyco International Group SA
6.00% due 11/15/2013 ***		1,970,000		1,988,558
6.125% due 11/01/2008 ***		1,780,000		1,799,498
6.125% due 01/15/2009		30,000		30,482
6.375% due 10/15/2011		280,000		286,515
6.75% due 02/15/2011		660,000		695,703
6.875% due 01/15/2029 ***		5,130,000		5,149,248
				9,950,004
Medical-Hospitals - 1.65%
Community Health Systems, Inc.
8.875% due 07/15/2015		550,000		565,125
HCA, Inc.
6.375% due 01/15/2015		630,000		537,075
6.50% due 02/15/2016		487,000		413,950
7.50% due 11/06/2033		50,000		40,250
9.125% due 11/15/2014		1,030,000		1,086,650
9.25% due 11/15/2016		620,000		658,750
9.625% due 11/15/2016		3,516,000		3,753,330
Tenet Healthcare Corp.
6.875% due 11/15/2031		6,200,000		4,634,500
7.375% due 02/01/2013		9,000		7,627
				11,697,257
Mining - 1.11%
Freeport-McMoRan Copper & Gold, Inc.
8.375% due 04/01/2017		2,560,000		2,796,800
Noranda Aluminium Holding Corp., PIK
11.1459% due 11/15/2014 (b)		240,000		223,200
Vale Overseas, Ltd.
6.875% due 11/21/2036		4,625,000		4,764,985
8.25% due 01/17/2034		50,000		59,177
				7,844,162
Office Furnishings & Supplies - 0.06%
Interface, Inc.
9.50% due 02/01/2014		150,000		156,750
10.375% due 02/01/2010		225,000		237,375
				394,125
Paper - 0.28%
Abitibi-Consolidated, Inc.
6.00% due 06/20/2013		230,000		161,000
7.40% due 04/01/2018		235,000		159,800
7.75% due 06/15/2011		50,000		38,500
8.375% due 04/01/2015		165,000		120,037

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Paper (continued)
Abitibi-Consolidated, Inc. (continued)
8.55% due 08/01/2010	$	30,000	$	24,750
Appleton Papers, Inc.
8.125% due 06/15/2011		50,000		49,375
Appleton Papers, Inc., Series B
9.75% due 06/15/2014		430,000		428,925
NewPage Corp.
11.6063% due 05/01/2012 (b)		465,000		499,875
Smurfit Capital Funding PLC
7.50% due 11/20/2025		300,000		288,000
Verso Paper Holdings LLC and Verson Paper Inc.,
Series B
11.375% due 08/01/2016		220,000		231,550
				2,001,812
Petroleum Services - 0.24%
Belden & Blake Corp.
8.75% due 07/15/2012		450,000		457,875
Compagnie Generale de Geophysique SA
7.50% due 05/15/2015		95,000		97,850
Complete Production Services, Inc.
8.00% due 12/15/2016		350,000		346,062
Enterprise Products Operating LP
8.375% due 08/01/2066 (b)		200,000		205,550
Pride International, Inc.
7.375% due 07/15/2014		105,000		107,625
SemGroup LP
8.75% due 11/15/2015		495,000		483,863
SESI LLC
6.875% due 06/01/2014		15,000		14,550
				1,713,375
Photography - 2.38%
Eastman Kodak Company
3.375% due 10/15/2033 ***		7,830,000		8,309,587
7.25% due 11/15/2013 (a)		8,650,000		8,585,125
				16,894,712
Plastics - 0.01%
Milacron Escrow Corp.
11.50% due 05/15/2011		75,000		70,500
Publishing - 0.17%
Dex Media East LLC
12.125% due 11/15/2012		200,000		213,500
Dex Media West LLC
8.50% due 08/15/2010		225,000		231,187
9.875% due 08/15/2013		145,000		154,244
Idearc, Inc.
8.00% due 11/15/2016		300,000		299,250
TL Acquisitions, Inc.
10.50% due 01/15/2015		310,000		306,125
				1,204,306
Railroads & Equipment - 0.08%
Grupo Transportacion Ferroviaria Mexicana,
SA de CV
9.375% due 05/01/2012		285,000		298,538

The accompanying notes are an integral part of the financial statements. 

372

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Railroads & Equipment (continued)
Kansas City Southern de Mexico SA de CV
7.625% due 12/01/2013	$	80,000	$	78,400
Kansas City Southern Railway Company
7.50% due 06/15/2009		180,000		182,025
				558,963
Real Estate - 0.33%
Ashton Woods USA
9.50% due 10/01/2015		130,000		102,700
Forest City Enterprises
7.625% due 06/01/2015		10,000		9,425
Host Marriott LP, REIT
7.125% due 11/01/2013		775,000		780,812
Kimball Hill, Inc.
10.50% due 12/15/2012		70,000		48,300
Realogy Corp.
12.375% due 04/15/2015		1,370,000		1,034,350
Ventas Realty LP/Ventas Capital Corp., REIT
6.50% due 06/01/2016		65,000		64,025
6.75% due 04/01/2017		275,000		274,313
				2,313,925
Retail - 0.09%
Eye Care Centers of America
10.75% due 02/15/2015		60,000		63,900
Suburban Propane Partners LP
6.875% due 12/15/2013		560,000		546,000
				609,900
Retail Trade - 0.81%
American Greetings Corp.
7.375% due 06/01/2016		30,000		29,100
Blockbuster, Inc.
9.00% due 09/01/2012		270,000		243,000
CVS Corp.
9.35% due 01/10/2023		3,000,000		3,494,075
CVS Lease Pass Through
6.036% due 12/10/2028		836,092		812,121
Dollar General Corp.
10.625% due 07/15/2015 (a)		260,000		244,400
Dollar General Corp., PIK
11.875% due 07/15/2017		310,000		285,200
FTD, Inc.
7.75% due 02/15/2014		78,000		74,100
Neiman Marcus Group, Inc.
10.375% due 10/15/2015		455,000		495,950
Neiman Marcus Group, Inc., PIK
9.00% due 10/15/2015		60,000		63,900
				5,741,846
Sanitary Services - 0.26%
Allied Waste North America, Inc.
6.375% due 04/15/2011		100,000		100,250
7.25% due 03/15/2015		350,000		357,000
Waste Management, Inc.
6.375% due 11/15/2012		1,370,000		1,421,700
				1,878,950

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Semiconductors - 0.07%
Freescale Semiconductor, Inc.
8.875% due 12/15/2014	$	240,000	$	231,600
NXP BV / NXP Funding LLC
7.875% due 10/15/2014		205,000		197,312
9.50% due 10/15/2015		70,000		65,275
				494,187
Steel - 0.11%
Metals USA, Inc.
11.125% due 12/01/2015		485,000		516,525
Tube City IMS Corp.
9.75% due 02/01/2015		235,000		229,712
				746,237
Telecommunications Equipment &
Services - 0.63%
Citizens Communications Company
7.875% due 01/15/2027		300,000		292,500
Deutsche Telekom International Finance BV
5.75% due 03/23/2016		820,000		810,316
Hawaiian Telcom Communications, Inc., Series B
12.50% due 05/01/2015 (a)		260,000		280,800
Intelsat Bermuda, Ltd.
9.25% due 06/15/2016		240,000		249,000
11.25% due 06/15/2016		710,000		760,587
Level 3 Financing, Inc.
9.15% due 02/15/2015 (b)		10,000		9,525
9.25% due 11/01/2014		670,000		659,950
PAETEC Holding Corp.
9.50% due 07/15/2015		160,000		160,000
PanAmSat Corp.
9.00% due 08/15/2014		95,000		97,850
Royal KPN NV
8.00% due 10/01/2010		1,090,000		1,172,437
				4,492,965
Telephone - 0.98%
Cincinnati Bell Telephone Company
6.30% due 12/01/2028		70,000		61,250
Cincinnati Bell, Inc.
7.00% due 02/15/2015		170,000		164,050
Nordic Telephone Company Holdings
8.875% due 05/01/2016		590,000		622,450
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014		555,000		561,937
Qwest Corp.
8.875% due 03/15/2012		175,000		190,969
8.944% due 06/15/2013 (b)		30,000		32,025
Sprint Capital Corp.
8.375% due 03/15/2012		1,730,000		1,904,791
Telecom Italia Capital SA
5.25% due 10/01/2015		880,000		835,409
Verizon Florida, Inc., Series F
6.125% due 01/15/2013		520,000		537,874
Virgin Media, Inc.
9.125% due 08/15/2016		465,000		482,437
Virgin Media, Inc., Series S
8.75% due 04/15/2014		70,000		71,750

The accompanying notes are an integral part of the financial statements. 

373

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone (continued)
Windstream Corp.
8.125% due 08/01/2013	$	960,000	$	1,010,400
8.625% due 08/01/2016		470,000		501,137
				6,976,479
Tobacco - 0.28%
Alliance One International, Inc.
8.50% due 05/15/2012		60,000		58,800
11.00% due 05/15/2012		150,000		159,375
Altria Group, Inc.
7.00% due 11/04/2013		1,640,000		1,782,231
				2,000,406
Transportation - 0.01%
Gulfmark Offshore, Inc.
7.75% due 07/15/2014		70,000		70,350
Trucking & Freight - 0.07%
Saint Acquisition Corp.
12.50% due 05/15/2017 (a)		475,000		318,250
13.3075% due 05/15/2015 (b)		220,000		149,600
				467,850
TOTAL CORPORATE BONDS (Cost $354,031,507)			$	347,169,314
COLLATERALIZED MORTGAGE
OBLIGATIONS - 14.67%
Banc of America Commercial Mortgage, Inc.,
Series 2006-1, Class A4
5.372% due 09/10/2045 (b)		1,640,000		1,626,840
Banc of America Mortgage Securities,
Series 2005-C, Class 2A1
4.7070% due 04/25/2035 (b)		266,189		263,901
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-12, Class 24A1
5.7823% due 02/25/2036 (b)***		2,070,888		2,025,263
Bear Stearns Alt-A Trust, Series 2004-11, Class 2A2
7.0723% due 11/25/2034 (b)		1,563,288		1,609,205
Bear Stearns Structured Products Inc., Series
2007-R10, Class A1
5.4788% due 09/26/2037 (b)		7,000,000		6,965,000
Bear Stearns Structured Products Inc., Series
2007-R11, Class A1A
6.1025% due 09/27/2037 (b)		7,100,000		6,989,062
Commercial Mortgage Asset Trust,
Series 1999-C1, Class C
7.35% due 01/17/2032		580,000		638,437
Commercial Mortgage Pass-Through Certificates,
Series 2001-J2A, Class A1
5.447% due 07/16/2034		566,666		572,569
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 1A1
5.6963% due 07/20/2046 (b)***		3,931,243		3,842,510
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 2A1B
5.6963% due 07/20/2046 (b)***		4,072,182		3,994,011
Countrywide Home Loans, Series 2005-9, Class 2A1
5.3513% due 05/25/2035 (b)		158,879		158,387

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Countrywide Home Loans, Series 2006-HYB3,
Class 2A1A
5.7249% due 05/20/2036 (b)	$	281,365	$	284,839
Countrywide Home Loans,
Series 2004-25, Class 2A1
5.4713% due 02/25/2035 (b)		286,425		281,322
Credit Suisse Mortgage Capital Certificates, Series
2006-C1, Class A4
5.5546% due 02/15/2039 (b)		2,580,000		2,587,946
First Boston Mortgage Securities Corp., Series D
10.965% IO due 05/25/2017		22,878		5,944
First Union National Bank Commercial Mortgage,
Series 2000-C1
0.5295% IO due 05/17/2032 (b)		26,064,731		503,271
GMAC Mortgage Corp. Loan Trust, Series
2005-AR5, Class 3A1
5.0494% due 09/19/2035 (b)		98,052		97,636
Green Tree Financial Corp., Series 1997-6, Class A8
7.07% due 01/15/2029		944,494		973,658
Greenpoint Mortgage Funding Trust, Series
2005-AR4, Class 1A1
5.3913% due 10/25/2045 (b)		444,943		439,725
Greenpoint Mortgage Funding Trust, Series
2006-AR5, Class A1A
5.2113% due 10/25/2046 (b)		1,318,641		1,311,762
Impac Secured Assets Corp., Series 2005-2,
Class A1
5.4513% due 03/25/2036 (b)		1,900,647		1,864,978
IndyMac Index Mortgage Loan Trust, Series
2006-AR6, Class 2A1A
5.3313% due 06/25/2047 (b)***		5,547,528		5,414,571
J.P. Morgan Chase Commercial Mortgage
Securities Corp, Series 2006-CB15, Class A4
5.814% due 06/12/2043 (b)***		3,960,000		4,036,405
J.P. Morgan Mortgage Trust, Series 2005-A6,
Class 7A1
4.9687% due 08/25/2035 (b)		550,868		547,480
Luminent Mortgage Trust, Series 2006-4, Class A1A
5.3213% due 05/25/2046 (b)***		3,470,862		3,376,711
Master Adjustable Rate Mortgages Trust.,
Series 2006-2, Class 3A1
4.8459% due 01/25/2036 (b)		1,214,692		1,195,543
Master Adjustable Rate Mortgages Trust.,
Series 2006-OA1, Class 1A1
5.3413% due 04/25/2046 (b)***		4,045,773		3,964,788
Master Seasoned Securities Trust, Series 2005-2,
Class 4A1
6.7549% due 10/25/2032 (b)		1,159,763		1,168,330
MASTR Asset Securitization Trust, Series 2003-6,
Class 1A1
5.50% due 07/25/2033		1,221,482		1,181,235
Merit Securities Corp., Series 11PA, Class B2
6.6288% due 09/28/2032 (b)		973,131		896,522
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class A4
5.6589% due 05/12/2039 (b)		1,810,000		1,837,461

The accompanying notes are an integral part of the financial statements. 

374

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Morgan Stanley Mortgage Loan Trust, Series
2004-8AR, Class 4A1
5.3506% due 10/25/2034 (b)	$	787,281	$	794,286
Morgan Stanley Mortgage Loan Trust, Series
2006-8AR, Class 4A1
5.4672% due 06/25/2036 (b)***		3,797,315		3,780,473
Novastar Mortgage-Backed Notes, Series
2006-MTA1, Class 2A1A
5.3213% due 09/25/2046 (b)***		3,258,214		3,165,222
Prime Mortgage Trust, Series 2006-DR1, Class 2A2
6.00% due 05/25/2035 ***		4,048,193		4,001,391
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR3, Class 2A1
7.4836% due 08/25/2035 (b)		383,358		387,241
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR4, Class A1
5.4413% due 12/25/2035 (b)		908,824		890,524
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR6, Class 1A3
5.3213% due 07/25/2036 (b)***		4,045,064		3,930,776
Thornburg Mortgage Securities Trust, Series
2005-2, Class A3
5.3713% due 07/25/2045 (b)		471,320		470,552
Thornburg Mortgage Securities Trust, Series
2005-4, Class A3
5.3613% due 12/25/2045 (b)		1,937,024		1,930,510
Thornburg Mortgage Securities Trust, Series
2006-3, Class A2
5.2363% due 05/25/2046 (b)***		4,578,828		4,550,810
Thornburg Mortgage Securities Trust, Series
2006-3, Class A3
5.2413% due 06/25/2046 (b)***		4,669,334		4,639,841
Thornburg Mortgage Securities Trust, Series
2007-4, Class 2A1
6.2308% due 09/25/2037		2,860,000		2,852,496
Thornburg Mortgage Securities Trust, Series
2007-4, Class 3A1
6.2197% due 09/25/2037 (b)		2,610,000		2,598,989
WaMu Mortgage Pass-Through Certificates, Series
2005-AR11, Class A1B3
5.5313% due 08/25/2045 (b)		453,366		444,843
WaMu Mortgage Pass-Through Certificates, Series
2005-AR13, Class A1A1
5.4213% due 10/25/2045 (b)		1,203,380		1,176,610
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A1
5.4013% due 12/25/2045 (b)***		2,763,329		2,702,490
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A2
5.4213% due 12/25/2045 (b)		460,555		450,671
WaMu Mortgage Pass-Through Certificates, Series
2005-AR6, Class 2A1A
5.3613% due 04/25/2045 (b)		791,823		776,341
WaMu Mortgage Pass-Through Certificates, Series
2005-AR8, Class 1A1A
5.4013% due 07/25/2045 (b)		1,161,868		1,129,192

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Zuni Mortgage Loan Trust, Series 2006-OA1,
Class A1
5.2613% due 08/25/2036 (b)***	$	2,773,326	$	2,752,091
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $105,036,767)			$	104,080,661
ASSET BACKED SECURITIES - 6.65%
ACE Securities Corp., Series 2006-GP1, Class A
5.2613% due 02/25/2031 (b)***		3,276,352		3,228,243
Amortizing Residential Corp. Trust,
Series 2002-BC6, Class M2
6.3313% due 08/25/2032 (b)		144,953		66,811
Asset Backed Securities Corp.,
Series 2003-HE2, Class M2
8.6025% due 04/15/2033 (b)		119,827		114,290
Bear Stearns Asset Backed Securities Inc., Series
2007-SD1, Class 1A2A
6.00% due 10/25/2036 ***		3,332,355		3,244,881
Bear Stearns Asset Backed Securities Inc., Series
2007-SD1, Class 1A3A
6.50% due 10/25/2036 ***		3,276,336		3,297,838
Bear Stearns Asset Backed Securities Trust,
Series 2005-AQ2, Class A1
5.2913% due 09/25/2035 (b)		258,856		258,779
Countrywide Asset-Backed Certificates,
Series 2004-5, Class M4
6.3813% due 06/25/2034 (b)		1,000,000		891,935
GSAA Home Equity Trust, Series 2005-7, Class AV1
5.2413% due 05/25/2035 (b)		92,271		92,225
GSAMP Trust, Series 2006-S4, Class A1
5.2213% due 05/25/2036 (b)***		1,647,855		1,573,001
IndyMac Seconds Asset Backed Trust, Series
2006-A, Class A
5.2613% due 06/25/2036 (b)***		3,228,807		2,651,491
IXIS Real Estate Capital Trust, Series 2006-HE2,
Class A1
5.1913% due 08/25/2036 (b)***		1,959,851		1,955,694
Lehman XS Trust, Series 2007-9, Class 1A1
5.2513% due 06/25/2037 (b)		1,977,659		1,967,462
Long Beach Mortgage Loan Trust, Series 2006-4,
Class 2A1
5.1813% due 05/25/2036 (b)***		2,120,837		2,117,122
Merrill Lynch Mortgage Investors, Inc., Series
2005-WM1N, Class N1
5.00% due 09/25/2035		8,540		8,095
Mid State Trust, Series 6, Class A1
7.34% due 07/01/2035		1,216,911		1,302,662
Morgan Stanley Mortgage Loan Trust, Series
2006-4SL, Class A1
5.2813% due 03/25/2036 (b)***		2,527,849		2,376,501
MSDWCC Heloc Trust, Series 2005-1, Class A
5.3213% due 07/25/2017 (b)		46,773		45,903
RAAC Series, Series 2006-RP2, Class A
5.3813% due 02/25/2037 (b)***		3,359,908		3,246,036
Residential Asset Securities Corp., Series
2006-KS3, Class AI1
5.2013% due 04/25/2036 (b)		832,829		831,474

The accompanying notes are an integral part of the financial statements. 

375

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
SACO I Trust, Inc., Series 2005-7, Class A
5.4113% due 09/25/2035 (b)	$	524,156	$	517,733
SACO I Trust, Inc., Series 2006-5, Class 1A
5.2813% due 04/25/2036 (b)		2,212,811		1,871,236
SACO I Trust, Inc., Series 2006-6, Class A
5.2613% due 06/25/2036 (b)		3,077,073		2,736,260
Sail Net Interest Margin Notes, Series 2004-2A,
Class A
5.50% due 03/27/2034		46,524		3,096
SLM Student Loan Trust, Series 2006-5, Class A2
5.35% due 07/25/2017 (b)***		4,114,428		4,111,001
Structured Asset Securities Corp., Series
2006-ARS1, Class A1
5.2413% due 02/25/2036 (b)***		3,309,991		2,253,601
Structured Asset Securities Corp., Series
2007-TC1, Class A
5.4313% due 04/25/2031 (b)		6,577,298		6,409,781
TOTAL ASSET BACKED SECURITIES
(Cost $50,336,222)			$	47,173,151
SUPRANATIONAL OBLIGATIONS - 0.43%
Venezuela - 0.43%
Corporacion Andina de Fomento, Series EXCH
6.875% due 03/15/2012		2,857,000		3,026,594
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $3,105,270)			$	3,026,594
COMMON STOCKS - 0.00%
Food & Beverages - 0.00%
Imperial Sugar Company (a)		688		17,978
Household Products - 0.00%
Home Interiors *		1,103,919		11,039
TOTAL COMMON STOCKS (Cost $441,132)			$	29,017
PREFERRED STOCKS - 0.49%
Automobiles - 0.47%
General Motors Corp., Series C		135,250		3,312,273
Crude Petroleum & Natural Gas - 0.02%
Chesapeake Energy Corp. *		491		139,753
TOTAL PREFERRED STOCKS (Cost $3,371,055)			$	3,452,026
TERM LOANS - 0.25%
Business Services - 0.25%
First Data Corp.
7.661% due 09/24/2014		1,860,000		1,785,600
TOTAL TERM LOANS (Cost $1,785,600)			$	1,785,600
OPTIONS - 0.10%
Call Options - 0.10%
Eurodollar Futures
Expiration 12/17/2007 at $94.00		610,000		704,550
U.S. Treasury Bonds Futures
Expiration 11/20/2007 at $113.00		36,000		25,875

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
Call Options (continued)
U.S. Treasury Notes 10 Year Futures
Expiration 11/20/2007 at $132.00		889,000	$	13,891
				744,316
Put Options - 0.00%
Eurodollar Futures
Expiration 12/17/2007 at $93.625		465,000		1,163
Expiration 12/17/2007 at $93.75		400,000		1,000
Expiration 12/17/2007 at $94.125		292,500		731
U.S. Treasury Notes 10 Year Futures
Expiration 11/20/2007 at $108.00		3,000		1,312
				4,206
TOTAL OPTIONS (Cost $702,516)			$	748,522
SHORT TERM INVESTMENTS - 4.78%
Bank Negara Malaysia Monetary Notes, Series 1807
zero coupon due 11/01/2007 to
12/06/2007	MYR	9,161,000	$	2,678,655
Federal National Mortgage Association Discount
Notes
zero coupon due 03/17/2008 ****	$	5,050,000		4,937,552
J.P. Morgan Chase London, Series EMTN
zero coupon due 10/30/2007		5,410,000		5,369,727
John Hancock Cash Investment Trust (c)		20,911,113		20,911,113
TOTAL SHORT TERM INVESTMENTS
(Cost $33,850,990)			$	33,897,047
REPURCHASE AGREEMENTS - 12.84%
Merrill Lynch Tri-Party Repurchase
Agreement dated 09/28/2007 at
4.75% to be repurchased at
$91,136,061 on 10/01/2007,
collateralized by $95,550,000
Federal National Mortgage
Association, zero coupon due
05/16/2008 (valued at
$92,922,000, including interest)	$	91,100,000	$	91,100,000
TOTAL REPURCHASE AGREEMENTS
(Cost $91,100,000)			$	91,100,000
Total Investments (Strategic Bond Trust)
(Cost $945,054,798) - 132.17%			$	937,624,052
Liabilities in Excess of Other Assets - (32.17)%				(228,191,514)
TOTAL NET ASSETS - 100.00%			$	709,432,538
Strategic Income Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 5.22%
U.S. Treasury Bonds - 0.81%
9.25% due 02/15/2016 ***	$	1,860,000	$	2,468,715

The accompanying notes are an integral part of the financial statements. 

376

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
U.S. Treasury Bonds (continued)
8.125% due 08/15/2019	$	1,065,000	$	1,387,246
				3,855,961
U.S. Treasury Notes - 4.41%
4.625% due 07/31/2009		6,455,000		6,529,129
4.75% due 05/15/2014		3,890,000		3,977,525
4.25% due 11/15/2013 ***		5,745,000		5,728,391
4.875% due 08/15/2016 ***		4,680,000		4,789,690
				21,024,735
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $24,295,113)		$		24,880,696
U.S. GOVERNMENT AGENCY OBLIGATIONS - 10.36%
Federal National Mortgage
Association - 10.36%
5.375% due 06/12/2017		8,000,000		8,226,912
5.493% due 03/01/2037		1,969,126		1,962,245
5.50% due 02/01/2037 to 09/01/2037		10,962,059		10,737,312
5.50% TBA **		2,280,000		2,232,975
6.00% due 08/01/2022 to 09/01/2037		15,266,544		15,318,722
6.50% due 08/01/2036 to 11/01/2036		10,693,504		10,890,651
				49,368,817
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $49,098,463)			$	49,368,817
FOREIGN GOVERNMENT OBLIGATIONS - 25.33%
Austria - 0.20%
Republic of Austria, Series EMTN
6.00% due 09/26/2008	NZD	1,315,000		972,108
Canada - 13.26%
Government of Canada
4.00% due 06/01/2016	CAD	9,420,000		9,228,508
4.25% due 12/01/2008		11,060,000		6,121,554
4.25% due 09/01/2009		2,175,000		2,188,624
6.00% due 06/01/2011		17,030,000		18,129,432
Province of Ontario
4.40% due 03/08/2016		4,775,000		4,708,994
4.50% due 03/08/2015		3,410,000		3,399,765
5.70% due 12/01/2008		6,705,000		6,831,205
6.25% due 06/16/2015		2,600,000		1,815,809
6.375% due 10/12/2010	NZD	5,760,000		4,177,038
Province of Quebec
5.25% due 10/01/2013	CAD	6,320,000		6,566,290
				63,167,219
Colombia - 0.97%
Republic of Colombia
10.00% due 01/23/2012	$	110,000		127,875
10.75% due 01/15/2013		3,700,000		4,514,000
				4,641,875
France - 2.30%
Government of France
4.75% due 10/25/2012	EUR	7,540,000		10,964,686

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Germany - 2.72%
Bundesrepublik Deutschland, Series 05
3.50% due 01/04/2016	EUR	6,035,000	$	8,112,405
Federal Republic of Germany
5.00% due 07/04/2012		3,290,000		4,843,593
				12,955,998
Mexico - 0.87%
Government of Mexico
5.625% due 01/15/2017	$	530,000		528,410
5.875% due 01/15/2014		510,000		525,045
6.375% due 01/16/2013		410,000		431,115
8.00% due 12/17/2015	MXN	22,780,000		2,094,531
8.125% due 12/30/2019	$	310,000		376,185
10.375% due 02/17/2009		160,000		172,000
				4,127,286
Spain - 3.71%
Kingdom of Spain
4.20% due 07/30/2013	EUR	5,515,000		7,811,742
5.00% due 07/30/2012		2,705,000		3,970,116
5.35% due 10/31/2011		3,965,000		5,871,501
				17,653,359
United Kingdom - 1.30%
Government of United Kingdom
4.00% due 03/07/2009	GBP	220,000		442,094
5.00% due 03/07/2008		2,830,000		5,762,741
				6,204,835
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $111,343,779)			$	120,687,366
CORPORATE BONDS - 36.82%
Advertising - 0.09%
Vertis, Inc.
9.75% due 04/01/2009	$	425,000		431,375
Aerospace - 0.04%
DRS Technologies, Inc.
7.625% due 02/01/2018		200,000		204,000
Agriculture - 0.06%
Saskatchewan Wheat Pool, Inc.
8.00% due 04/08/2013	CAD	300,000		301,159
Amusement & Theme Parks - 0.22%
HRP Myrtle Beach Operations LLC
10.07% due 04/01/2012 (b)	$	1,070,000		1,027,200
Apparel & Textiles - 0.45%
Hanesbrands, Inc., Series B
8.7841% due 12/15/2014 (b)		2,155,000		2,144,225
Banking - 0.61%
Banco Macro SA
8.50% due 02/01/2017		1,425,000		1,282,500
BanColombia SA
6.875% due 05/25/2017		695,000		675,888

The accompanying notes are an integral part of the financial statements. 

377

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Landwirtschaftliche Rentenbank, Series EMTN
6.50% due 09/17/2009	NZD	1,305,000	$	956,072
				2,914,460
Broadcasting - 0.81%
Allbritton Communications Company
7.75% due 12/15/2012	$	2,185,000		2,206,850
Radio One, Inc.
8.875% due 07/01/2011		325,000		321,750
XM Satellite Radio, Inc.
9.75% due 05/01/2014		815,000		817,038
9.8563% due 05/01/2013 (b)		500,000		493,750
				3,839,388
Business Services - 0.97%
Allied Security Escrow Corp.
11.375% due 07/15/2011		300,000		300,000
Minerva Overseas, Ltd.
9.50% due 02/01/2017		3,150,000		3,110,625
West Corp.
11.00% due 10/15/2016		1,130,000		1,186,500
				4,597,125
Cable & Television - 1.22%
Cablevision Systems Corp., Series B
8.00% due 04/15/2012		100,000		97,000
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		1,960,000		2,004,100
Rogers Cable, Inc.
7.25% due 12/15/2011	CAD	250,000		265,733
Shaw Communications, Inc.
5.70% due 03/02/2017		690,000		649,070
6.10% due 11/16/2012		500,000		506,861
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012	$	816,000		834,360
Young Broadcasting, Inc.
10.00% due 03/01/2011		1,595,000		1,471,388
				5,828,512
Cellular Communications - 1.91%
American Cellular Corp.
10.00% due 08/01/2011		3,135,000		3,276,075
Centennial Communications Corp.
10.00% due 01/01/2013		2,050,000		2,167,875
Dobson Communications Corp.
8.875% due 10/01/2013		1,500,000		1,597,500
Rural Cellular Corp.
8.621% due 06/01/2013 (b)		930,000		953,250
11.10625% due 11/01/2012 (b)		1,095,000		1,116,900
				9,111,600
Chemicals - 0.24%
American Pacific Corp.
9.00% due 02/01/2015		1,090,000		1,117,250
Commercial Services - 0.23%
Aramak Services, Inc.
8.85625% due 02/01/2015 (b)		1,070,000		1,080,700

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Containers & Glass - 2.48%
BWAY Corp.
10.00% due 10/15/2010	$	2,205,000	$	2,249,100
Graphic Packaging International Corp.
8.50% due 08/15/2011		1,000,000		1,017,500
9.50% due 08/15/2013		1,500,000		1,541,250
OI European Group BV
6.875% due 03/31/2017	EUR	475,000		653,743
Owens-Brockway Glass Container, Inc.
8.25% due 05/15/2013	$	1,650,000		1,707,750
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		875,000		859,688
8.375% due 07/01/2012		3,050,000		3,050,000
US Corrugated, Inc.
10.00% due 06/12/2013		785,000		730,050
				11,809,081
Crude Petroleum & Natural Gas - 0.84%
Denbury Resources, Inc.
7.50% due 12/15/2015		685,000		702,125
Dune Energy, Inc.
10.50% due 06/01/2012		1,980,000		1,890,900
Energy XXI Gulf Coast, Inc.
10.00% due 06/15/2013		1,060,000		1,001,700
W&T Offshore, Inc.
8.25% due 06/15/2014		415,000		399,438
				3,994,163
Diversified Financial Services - 0.69%
General Electric Capital Corp.
6.625% due 02/04/2010	NZD	4,515,000		3,297,945
Electrical Utilities - 0.24%
Cia de Transporte de Energia Electrica de Alta
Tension SA
8.875% due 12/15/2016	$	1,230,000		1,143,900
Electronics - 0.08%
L-3 Communications Corp., Series B
6.375% due 10/15/2015		370,000		363,525
Financial Services - 9.78%
Canada Housing Trust
4.55% due 12/15/2012	CAD	4,110,000		4,148,453
4.80% due 06/15/2012		8,035,000		8,193,337
Capital One Capital IV
6.745% due 02/17/2037 (b)	$	475,000		423,584
CIT Group, Inc.
5.00% due 02/13/2014		675,000		609,489
Cosan Finance, Ltd.
7.00% due 02/01/2017		1,090,000		1,046,400
Ford Motor Credit Company
7.80% due 06/01/2012		540,000		513,702
Independencia International, Ltd.
9.875% due 01/31/2017		2,000,000		2,025,000
ISA Capital do Brasil SA
8.80% due 01/30/2017		530,000		555,175
Local TV Finance LLC
9.25% due 06/15/2015		260,000		244,400

The accompanying notes are an integral part of the financial statements. 

378

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
New South Wales Treasury Corp, Series 10RG
7.00% due 12/01/2010	AUD	27,785,000	$	24,789,206
Nexstar Finance, Inc.
7.00% due 01/15/2014	$	1,070,000		1,027,200
Orascom Telecom Finance
7.875% due 02/08/2014		480,000		454,200
TAM Capital, Inc.
7.375% due 04/25/2017		995,000		900,475
Toyota Motor Credit Corp, Series EMTN
6.75% due 09/21/2009	NZD	1,700,000		1,247,681
Ucar Finance, Inc.
10.25% due 02/15/2012	$	418,000		435,765
				46,614,067
Food & Beverages - 0.68%
Cosan SA Industria e Comercio
8.25% due 02/28/2049		2,200,000		2,178,000
Sadia Overseas, Ltd.
6.875% due 05/24/2017		1,100,000		1,080,750
				3,258,750
Gas & Pipeline Utilities - 1.27%
Dynegy-Roseton Danskammer, Series B
7.67% due 11/08/2016		1,000,000		1,005,000
KN Capital Trust I, Series B
8.56% due 04/15/2027		360,000		326,196
MarkWest Energy Partners LP, Series B
8.50% due 07/15/2016		2,265,000		2,231,025
Regency Energy Partners LP/Regency Energy
Finance Corp.
8.375% due 12/15/2013		1,050,000		1,099,875
Southern Union Company
7.20% due 11/01/2066 (b)		830,000		833,784
Williams Partners Finance Corp.
7.25% due 02/01/2017		540,000		550,800
				6,046,680
Gold - 0.19%
New Gold, Inc.
10.00% due 06/28/2017	CAD	1,070,000		891,532
Healthcare Products - 0.32%
Hanger Orthopedic Group, Inc.
10.25% due 06/01/2014	$	1,505,000		1,542,625
Healthcare Services - 0.14%
Healthsouth Corp.
11.4091% due 06/15/2014 (b)		660,000		688,050
Hotels & Restaurants - 1.38%
CCM Merger, Inc.
8.00% due 08/01/2013		4,070,000		3,968,250
Dave & Buster's, Inc.
11.25% due 03/15/2014		2,150,000		2,171,500
Landry's Restaurants, Inc., Series B
7.50% due 12/15/2014		435,000		432,825
				6,572,575

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial Machinery - 0.27%
Manitowoc, Inc.
7.125% due 11/01/2013	$	1,305,000	$	1,298,475
Insurance - 0.10%
Sul America Participacoes SA
8.625% due 02/15/2012		460,000		472,650
International Oil - 0.68%
Ocean Rig Norway AS
8.375% due 07/01/2013		300,000		306,000
Pemex Project Funding Master Trust
5.75% due 12/15/2015		130,000		130,080
7.375% due 12/15/2014		1,255,000		1,379,985
9.125% due 10/13/2010		1,290,000		1,426,095
				3,242,160
Leisure Time - 5.76%
AMC Entertainment, Inc.
8.00% due 03/01/2014		1,905,000		1,814,513
Chukchansi Economic Development Authority
8.00% due 11/15/2013		695,000		701,950
Cinemark, Inc.
zero coupon, Step up to 9.75% on
03/15/2009 due 03/15/2014		1,000,000		945,000
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015		665,000		623,438
Great Canadian Gaming Corp.
7.25% due 02/15/2015		1,000,000		1,000,000
Greektown Holdings LLC
10.75% due 12/01/2013		790,000		782,100
Isle of Capri Casinos
7.00% due 03/01/2014		895,000		801,025
Jacobs Entertainment, Inc.
9.75% due 06/15/2014		2,755,000		2,741,225
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014		1,000,000		1,020,000
Majestic Star Casino LLC
9.50% due 10/15/2010		1,085,000		1,041,600
Marquee Holdings, Inc.
zero coupon, step up to 12.00% on
08/15/2007 due 08/15/2014		1,010,000		853,450
MGM Mirage, Inc.
6.75% due 09/01/2012		725,000		713,219
7.625% due 01/15/2017		1,400,000		1,386,000
Mohegan Tribal Gaming Authority
6.375% due 07/15/2009		555,000		552,225
7.125% due 08/15/2014		2,975,000		2,982,437
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		1,500,000		1,485,000
9.75% due 04/01/2010		590,000		606,225
Penn National Gaming, Inc.
6.75% due 03/01/2015		100,000		102,000
Pinnacle Entertainment, Inc.
7.50% due 06/15/2015		625,000		591,406
Pokagon Gaming Authority
10.375% due 06/15/2014		500,000		548,750
Station Casinos, Inc.
6.50% due 02/01/2014		625,000		550,000

The accompanying notes are an integral part of the financial statements. 

379

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
Station Casinos, Inc. (continued)
6.875% due 03/01/2016	$	250,000	$	217,500
Turning Stone Resort Casino
9.125% due 09/15/2014		1,895,000		1,961,325
9.125% due 12/15/2010		1,475,000		1,504,500
Waterford Gaming LLC
8.625% due 09/15/2014		1,875,000		1,931,250
				27,456,138
Liquor - 0.30%
Constellation Brands, Inc.
7.25% due 05/15/2017		1,445,000		1,445,000
Medical-Hospitals - 0.46%
Community Health Systems, Inc.
8.875% due 07/15/2015		105,000		107,887
HCA, Inc.
9.125% due 11/15/2014		540,000		569,700
Sun Healthcare Group, Inc.
9.125% due 04/15/2015		1,495,000		1,524,900
				2,202,487
Metal & Metal Products - 0.34%
Blaze Recycling & Metals LLC / Blaze Finance Corp.
10.875% due 07/15/2012		525,000		525,000
PNA Group, Inc.
10.75% due 09/01/2016		1,080,000		1,101,600
				1,626,600
Mining - 0.59%
Drummond Company, Inc.
7.375% due 02/15/2016		3,000,000		2,790,000
Paper - 0.17%
Pope & Talbot, Inc.
8.375% due 06/01/2013		1,500,000		810,000
Petroleum Services - 0.18%
Allis-Chalmers Energy, Inc.
8.50% due 03/01/2017		895,000		865,912
Publishing - 0.41%
Idearc, Inc.
8.00% due 11/15/2016		1,935,000		1,930,163
Railroads & Equipment - 0.10%
American Railcar Industries, Inc.
7.50% due 03/01/2014		500,000		497,500
Sanitary Services - 0.02%
Waste Services, Inc.
9.50% due 04/15/2014		100,000		100,000
Steel - 0.22%
WCI Steel Acquisition, Inc.
8.00% due 05/01/2016		1,030,000		1,024,850
Telecommunications Equipment &
Services - 0.84%
Axtel SAB de CV
7.625% due 02/01/2017		1,945,000		1,915,825
Citizens Communications Company
7.125% due 03/15/2019		795,000		783,075

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services (continued)
Digicel Group, Ltd.
8.875% due 01/15/2015	$	1,385,000	$	1,301,900
				4,000,800
Telephone - 0.46%
Cincinnati Bell, Inc.
8.375% due 01/15/2014		2,200,000		2,194,500
Tobacco - 0.45%
Alliance One International, Inc.
11.00% due 05/15/2012		2,000,000		2,125,000
Transportation - 0.53%
Navios Maritime Holdings, Inc.
9.50% due 12/15/2014		1,500,000		1,546,875
PHI, Inc.
7.125% due 04/15/2013		1,000,000		960,000
				2,506,875
TOTAL CORPORATE BONDS (Cost $172,183,923)			$	175,408,997
COLLATERALIZED MORTGAGE
OBLIGATIONS - 13.07%
American Home Mortgage Assets, Series 2006-6,
Class XP
zero coupon IO due 12/25/2046		24,823,996		1,241,200
Banc of America Commercial Mortgage, Inc.,
Series 2006-5, Class A4
5.414% due 09/10/2047		3,380,000		3,349,602
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A4
5.2254% due 07/15/2044 (b)		3,850,000		3,815,014
Countrywide Alternative Loan Trust, Series
2005-59, Class 2X
1.79% IO due 11/20/2035		14,482,083		502,347
Countrywide Alternative Loan Trust, Series
2006-OA10, Class XPP
1.9558% IO due 08/25/2046 (b)		9,816,347		383,451
Countrywide Alternative Loan Trust, Series
2006-OA8, Class X
5.983% IO due 07/25/2046 (b)		18,579,148		696,718
Countrywide Alternative Loan Trust, Series
2007-OA8, Class X
2.00% IO due 08/25/2047 (b)		12,360,980		548,518
Crown Castle Towers LLC, Series 2006-1A, Class F
6.649% due 11/15/2036		950,000		954,911
Crown Castle Towers LLC, Series 2006-1A, Class G
6.795% due 11/15/2036		1,120,000		1,081,416
Federal Home Loan Mortgage Corp., Series 3154,
Class PM
5.50% due 05/15/2034		4,435,000		4,326,373
Federal Home Loan Mortgage Corp., Series 3228,
Class PL
5.50% due 10/15/2034		5,740,000		5,568,267
Federal National Mortgage Association, Series
2006-117, Class PD
5.50% due 07/25/2035		6,300,000		6,132,663

The accompanying notes are an integral part of the financial statements. 

380

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal National Mortgage Association, Series
2006-65, Class TE
5.50% due 05/25/2035	$	2,438,217	$	2,393,226
Federal National Mortgage Association, Series
2006-84, Class MP
5.50% due 08/25/2035		7,172,000		7,009,736
Global Tower Partners Acquisition LLC, Series
2007-1A, Class G
7.8737% due 05/15/2037		620,000		578,249
GMAC Commercial Mortgage Securities, Inc.,
Series 2003-C2, Class A2
5.2839% due 05/10/2040 (b)		6,750,000		6,811,157
Greenwich Capital Commercial Funding Corp.,
Series 2006-GG7, Class A4
6.1111% due 07/10/2038 (b)		3,755,000		3,871,382
Harborview Mortgage Loan Trust, Series 2005-8,
Class 1X
1.564% IO due 09/19/2035 (b)		14,604,443		419,878
Harborview Mortgage Loan Trust, Series 2007-3,
Class ES
zero coupon due 05/19/2047		32,812,864		251,223
Harborview Mortgage Loan Trust, Series 2007-4,
Class ES
zero coupon due 07/19/2047		32,862,144		292,678
Harborview Mortgage Loan Trust, Series 2007-6,
Class ES
zero coupon due 11/19/2015		23,357,444		178,830
Indymac Index Mortgage Loan Trust, Series
2005-AR18, Class 1X
zero coupon IO due 10/25/2036 (b)		33,908,019		911,278
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036		705,000		677,956
SBA CMBS Trust, Series 2006-1A, Class J
7.825% due 11/15/2036		425,000		401,305
Suntrust Adjustable Rate Mortgage Loan Trust,
Series 2007-2, Class 4A1
5.7445% due 04/25/2037 (b)		3,931,844		3,913,277
WAMU Mortgage Pass Through Certificates, Series
2007-OA6, Class 1XPP
zero coupon IO due 07/25/2047		46,025,202		579,918
WAMU Mortgage Pass Through Certificates,
Series 2007-OA5, Class 1XPP
zero coupon IO due 06/25/2047		77,704,278		1,031,913
Washington Mutual Mortgage Pass Through
Certificates, Series 2007-OA4, Class XPPP
zero coupon IO due 04/25/2047		34,341,628		1,244,884
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR12, Class 1A1
6.025% due 09/25/2036 (b)		3,061,660		3,092,691
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $62,358,295)			$	62,260,061

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES - 0.34%
Dominos Pizza Master Issuer LLC, Series 2007-1,
Class M1
7.629% due 04/25/2037	$	1,670,000	$	1,617,203
TOTAL ASSET BACKED SECURITIES
(Cost $1,669,989)			$	1,617,203
SUPRANATIONAL OBLIGATIONS - 2.86%
Supranational - 2.86%
European Investment Bank
6.75% due 11/17/2008	NZD	2,535,000		1,884,253
European Investment Bank, Series EMTN
6.08% due 04/21/2008		2,090,000		1,558,924
Inter-American Development Bank, Series INTL
7.25% due 05/24/2012		7,710,000		5,743,057
Inter-American Development Bank, Series MPLE
4.25% due 12/02/2012	CAD	4,465,000		4,426,049
				13,612,283
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $12,741,035)		$		13,612,283
COMMON STOCKS - 1.59%
Mining - 1.56%
Newmont Mining Corp.		78,270		3,501,017
Silver Standard Resources, Inc., ADR *		105,390		3,929,993
				7,431,010
Telecommunications Equipment &
Services - 0.03%
Chunghwa Telecom Company, Ltd., SADR (a)		7,451		137,702
TOTAL COMMON STOCKS (Cost $6,544,281)			$	7,568,712
TERM LOANS - 0.68%
Educational Services - 0.18%
Riverdeep Interactive Learning
8.10% due 11/28/2013	EUR	875,585		866,465
Financial Services - 0.10%
Local TV Finance LLC
7.36% due 05/07/2013	$	520,000		497,900
Healthcare Products - 0.08%
Inverness Medical Innovations, Inc.
9.59% due 06/26/2015		375,000		374,063
Leisure Time - 0.32%
Great Canadian Gaming Corp.
6.86% due 02/07/2014		1,517,375		1,506,943
TOTAL TERM LOANS (Cost $3,304,853)			$	3,245,371
WARRANTS - 0.03%
Gold - 0.03%
New Gold, Inc.
(Expiration Date: 06/28/17, Strike
Price: CAD 15.00)		107,000		161,120
TOTAL WARRANTS (Cost $210,285)			$	161,120

The accompanying notes are an integral part of the financial statements. 

381

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 3.80%
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2007	$	18,100,000	$	18,100,000
John Hancock Cash Investment Trust		12,964		12,964
TOTAL SHORT TERM INVESTMENTS
(Cost $18,112,964)			$	18,112,964
REPURCHASE AGREEMENTS - 0.02%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$82,028 on 10/01/2007,
collateralized by $80,000 Federal
Home Loan Bank, 5.50% due
08/13/2014 (valued at $83,800,
including interest) ***	$	82,000	$	82,000
TOTAL REPURCHASE AGREEMENTS
(Cost $82,000)			$	82,000
Total Investments (Strategic Income Trust)
(Cost $461,944,980) - 100.12%			$	477,005,590
Liabilities in Excess of Other Assets - (0.12)%				(559,114)
TOTAL NET ASSETS - 100.00%			$	476,446,476
Total Return Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 4.89%
Treasury Inflation Protected
Securities (d) - 4.89%
2.00% due 01/15/2016 to
01/15/2026 ***	$	8,605,818	$	8,313,010
2.375% due 04/15/2011 to 01/15/2027 ***		10,608,162		10,708,761
3.00% due 07/15/2012 ***		18,767,862		19,533,234
2.375% due 01/15/2025 ***		4,972,770		5,016,670
2.625% due 07/15/2017 ***		7,236,288		7,459,028
3.625% due 04/15/2028 ***		643,935		784,393
0.875% due 04/15/2010 ***		54,901,500		53,078,605
2.00% due 01/15/2014 ***		2,367,393		2,333,362
				107,227,063
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $106,749,443)			$	107,227,063
U.S. GOVERNMENT AGENCY OBLIGATIONS - 55.09%
Federal Home Loan Mortgage Corp. - 0.18%
3.914% due 06/01/2034 ***		847,183		833,166
5.00% due 05/01/2018 to 12/01/2018 ***		2,625,055		2,580,751
6.00% due 03/01/2016 to 09/01/2016 ***		135,285		137,311
7.574% due 01/01/2029 (b)***		418,319		424,002
				3,975,230
Federal National Mortgage
Association - 50.60%
5.50% due 07/01/2036 to 09/01/2037 ***		15,499,096		15,187,840

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
6.50% due 03/01/2036 to
05/01/2037 ***	$	12,271,616	$	12,488,416
4.689% due 09/01/2035 (b)***		8,161,644		8,341,943
5.00% due 11/01/2017 to 06/01/2037 ***		216,522,958		208,602,153
5.00% TBA **		12,000,000		11,471,250
5.50% due 11/01/2016 to 07/01/2037 ***		334,861,793		328,620,839
5.50% TBA **		313,000,000		306,780,000
5.557% due 05/01/2036 (b)***		4,773,794		4,825,814
6.00% due 03/01/2016 to 12/01/2036 ***		47,220,937		47,312,528
6.00% TBA **		159,000,000		159,198,750
6.205% due 06/01/2043 (b)***		2,727,880		2,735,089
6.405% due 10/01/2040 (b)***		446,393		448,025
7.173% due 07/01/2009 (b)***		191,005		190,934
6.00% due 02/01/2037 ***		4,270,777		4,277,888
				1,110,481,469
Government National Mortgage
Association - 0.43%
6.00% due 04/15/2037 to 05/15/2037 ***		4,994,947		5,027,134
5.00% due 12/20/2034 to 03/20/2035 ***		1,244,269		1,044,512
5.75% due 09/20/2021 to
02/20/2032 (b)***		1,405,568		1,413,388
6.125% due 10/20/2029 to
11/20/2029 (b)***		754,511		761,775
6.375% due 05/20/2023 to
05/20/2030 (b)***		1,179,489		1,190,358
				9,437,167
Other Collateralized Mortgage
Obligations - 3.49%
5.50% due 04/01/2037 to 09/01/2037 ***		71,999,998		70,527,273
6.00% due 05/01/2037 to 09/01/2037 ***		6,000,100		6,008,590
				76,535,863
Small Business Administration - 0.39%
4.504% due 02/01/2014 ***		872,135		832,934
4.88% due 11/01/2024 ***		164,968		162,110
5.13% due 09/01/2023 ***		285,378		285,283
5.52% due 06/01/2024 ***		5,584,244		5,654,872
6.344% due 08/01/2011 ***		1,534,459		1,564,896
7.449% due 08/01/2010 ***		67,665		68,933
				8,569,028
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $1,216,643,571)			$	1,208,998,757
FOREIGN GOVERNMENT OBLIGATIONS - 0.09%
Brazil - 0.07%
Federative Republic of Brazil
10.25% due 01/10/2028 ***	BRL	2,600,000		1,471,164

The accompanying notes are an integral part of the financial statements. 

382

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
South Africa - 0.02%
South Africa Government International Bond
5.875% due 05/30/2022 ***	$	500,000	$	489,375
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $2,019,557)			$	1,960,539
CORPORATE BONDS - 31.98%
Air Travel - 0.01%
American Airlines, Series 2001-2, Class A-1
6.978% due 04/01/2011 ***		199,800		201,048
Automobiles - 0.47%
DaimlerChrysler N.A. Holding Corp.
4.75% due 01/15/2008 ***		2,600,000		2,592,754
6.1331% due 03/13/2009 (b)***		3,000,000		2,987,892
DaimlerChrysler N.A. Holding Corp., MTN
5.8095% due 08/03/2009 (b)***		3,500,000		3,471,034
DaimlerChrysler N.A. Holding Corp., Series MTN
6.05313% due 03/13/2009 (b)***		1,300,000		1,291,465
				10,343,145
Banking - 8.97%
American Express Centurion Bank, Series BKNT
5.82525% due 06/12/2009 (b)***		8,200,000		8,163,092
ANZ National International Ltd.
5.3963% due 08/07/2009 (b)***		5,000,000		4,981,960
Bank of America Corp.
5.6075% due 06/19/2009 (b)***		16,700,000		16,636,172
Bank of America NA, Series BKNT
5.64625% due 12/18/2008 (b)***		1,900,000		1,898,315
6.00% due 10/15/2036 ***		1,400,000		1,373,554
Bank of Ireland YCD
5.40% due 01/15/2010 ***		10,500,000		10,508,431
Bank of Ireland, Series MTN
5.69625% due 12/18/2009 (b)***		9,000,000		8,970,624
China Development Bank
5.00% due 10/15/2015 ***		500,000		483,018
Credit Agricole SA
5.505% due 05/28/2009 (b)***		3,400,000		3,402,064
5.555% due 05/28/2010 (b)***		3,900,000		3,902,511
Deutsche Bank AG
6.00% due 09/01/2017 ***		6,700,000		6,786,551
Dexia Credit Local/New York, Series YCD
5.07875% due 09/29/2008 (b)***		20,200,000		20,201,879
DnB NORBank ASA
5.43% due 10/13/2009 (b)***		3,300,000		3,300,640
Export-Import Bank of China
4.875% due 07/21/2015 ***		500,000		479,467
Export-Import Bank of Korea
5.71125% due 06/01/2009 (b)***		4,800,000		4,805,328
Fortis Bank SA, Series YCD
5.07375% due 04/28/2008 (b)***		2,100,000		2,100,605
HSBC Bank USA, Series BKNT
5.8638% due 06/10/2009 (b)***		1,200,000		1,194,305
HSBC Finance Corp.
5.42% due 10/21/2009 (b)***		2,600,000		2,584,603
5.8244% due 09/15/2008 (b)***		8,600,000		8,595,141

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
HSBC Holdings PLC
6.50% due 05/02/2036 ***	$	1,300,000	$	1,313,447
National Australia Bank Ltd.
5.765% due 09/11/2009 (b)***		3,800,000		3,807,752
Nordea Bank Finland PLC
5.262% due 03/31/2008 ***		2,800,000		2,799,353
5.307% due 04/09/2009 ***		8,200,000		8,197,906
Nordea Bank Finland PLC, Series YCD
5.307% due 05/28/2008 ***		2,900,000		2,899,446
Residential Capital LLC
8.095% due 05/22/2009 (b)***		4,500,000		3,825,000
Resona Bank, Ltd.
5.85% due 09/29/2049 (b)***		700,000		658,344
Royal Bank of Scotland Group PLC
5.2375% due 12/21/2007 (b)***		4,100,000		4,099,094
Royal Bank of Scotland Group, PLC
5.41% due 07/21/2008 (b)***		2,900,000		2,897,549
Santander US Debt SA Unipersonal
5.2975% due 09/19/2008 (b)***		6,600,000		6,594,476
5.72875% due 11/20/2009 ***		4,100,000		4,083,969
State Street Capital Trust IV
6.69438% due 06/15/2037 (b)(c)***		600,000		542,999
Unicreditio Italiano, Series YCD
5.35% due 05/06/2008 ***		18,500,000		18,480,797
USB Capital IX
6.189% due 04/15/2042 (b)***		500,000		500,332
VTB Capital SA
5.95625% due 08/01/2008 ***		3,500,000		3,465,000
Wachovia Bank NA, Series BKNT
5.33% due 10/03/2008 ***		2,600,000		2,594,922
5.565% due 05/25/2010 (b)***		16,500,000		16,429,545
Wachovia Corp, Series MTN
5.67125% due 12/01/2009 (b)***		800,000		797,821
Wachovia Corp.
5.625% due 10/15/2016 ***		300,000		296,331
Westpac Banking Corp., Series DPNT
5.7575% due 06/06/2008 (b)***		2,300,000		2,297,884
				196,950,227
Biotechnology - 0.36%
Amgen, Inc.
5.585% due 11/28/2008 (b)***		7,900,000		7,907,331
Cable & Television - 0.46%
Comcast Corp.
5.66% due 07/14/2009 (b)***		4,400,000		4,378,211
5.875% due 02/15/2018 ***		1,000,000		983,641
6.45% due 03/15/2037 ***		1,000,000		987,231
Time Warner, Inc.
5.73% due 11/13/2009 (b)***		3,700,000		3,656,514
				10,005,597
Cellular Communications - 0.01%
AT&T Broadband Corp.
8.375% due 03/15/2013 ***		200,000		224,168

The accompanying notes are an integral part of the financial statements. 

383

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Chemicals - 0.10%
Rohm & Haas Company
6.00% due 09/15/2017 ***	$	2,100,000	$	2,106,109
Coal - 0.06%
Peabody Energy Corp.
7.875% due 11/01/2026 ***		1,300,000		1,374,750
Crude Petroleum & Natural Gas - 0.26%
Anadarko Petroleum Corp.
6.0944% due 09/15/2009 (b)***		5,700,000		5,667,071
Diversified Financial Services - 1.75%
AIG Matched Funding Corp.
5.6944% due 06/16/2008 (b)***		3,500,000		3,494,870
General Electric Capital Corp., Series A
5.42% due 10/06/2010 (b)***		4,900,000		4,840,759
General Electric Capital Corp., Series MTN
5.39% due 10/26/2009 (b)***		5,600,000		5,570,807
5.40% due 01/05/2009 (b)***		2,100,000		2,093,960
5.43% due 01/20/2010 (b)***		2,600,000		2,587,335
5.46% due 10/21/2010 (b)***		7,800,000		7,713,225
5.56% due 01/08/2016 (b)***		1,600,000		1,559,074
5.6275% due 08/15/2011 (b)***		6,500,000		6,417,691
General Electric Capital Corp., Series MTNA
5.8144% due 12/15/2009 (b)***		3,400,000		3,387,879
TNK-BP Finance SA
6.125% due 03/20/2012 ***		700,000		670,600
				38,336,200
Electrical Utilities - 0.13%
Dominion Resources, Inc.
5.70% due 09/17/2012 ***		150,000		150,527
PSEG Power LLC
6.95% due 06/01/2012 ***		100,000		105,474
Southern California Edison Company
5.4587% due 02/02/2009 (b)***		2,600,000		2,594,168
				2,850,169
Financial Services - 14.82%
Abbey National Treasury Services PLC, Series YCD
5.67% due 07/02/2008 (b)***		4,400,000		4,400,950
American Express Bank FSB, Series BKNT
5.55625% due 10/20/2009 (b)***		4,300,000		4,276,561
6.00% due 09/13/2017 ***		300,000		298,489
American Express Centurion Bank, Series BKN1
6.00% due 09/13/2017 ***		300,000		298,489
American Express Centurion Bank, Series BKNT
5.81875% due 05/07/2008 (b)***		4,200,000		4,192,856
American Express Credit Corp., Series MTN
5.78% due 03/02/2009 (b)***		4,300,000		4,287,160
American Honda Finance Corp, Series MTN
5.41% due 02/09/2010 (b)***		4,600,000		4,587,525
Barclays Bank, PLC
5.45% due 09/12/2012 ***		32,500,000		32,542,900
Bear Stearns Companies, Inc., Series MTN
5.59% due 08/21/2009 (b)***		13,200,000		12,878,105
5.63% due 07/16/2009 (b)***		4,400,000		4,318,791
Bear Stearns Companies, Inc., Series MTNB
5.2881% due 03/30/2009 (b)***		3,800,000		3,762,825

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
C10 Capital SPV, Ltd.
6.722% due 12/31/2049 (b)***	$	2,500,000	$	2,397,250
Calabash Re, Ltd.
14.09438% due 01/08/2010 (b)***		4,400,000		4,524,520
Caylon NY
5.34% due 01/16/2009 ***		5,800,000		5,801,989
CIT Group Holdings, Inc.
5.51% due 01/30/2009 (b)***		3,600,000		3,472,481
CIT Group, Inc.
5.7475% due 12/19/2008 (b)***		3,500,000		3,388,672
CIT Group, Inc., Series MTN
5.64% due 08/17/2009 (b)***		6,600,000		6,303,416
Citigroup Funding Inc., Series MTN
5.20% due 06/26/2009 (b)***		3,000,000		2,995,617
5.71375% due 12/08/2008 (b)***		1,400,000		1,400,196
Citigroup Funding, Inc., Series MTN
5.13625% due 04/23/2009 (b)***		900,000		898,755
Citigroup, Inc.
5.22813% due 12/28/2009 (b)***		1,200,000		1,195,350
5.24% due 12/26/2008 (b)***		8,100,000		8,094,873
5.40% due 01/30/2009 (b)***		8,800,000		8,793,514
5.50% due 08/27/2012 ***		6,400,000		6,471,117
6.125% due 08/25/2036 ***		4,200,000		4,157,572
Ford Motor Credit Company
5.80% due 01/12/2009 ***		2,500,000		2,414,660
7.375% due 10/28/2009 ***		2,900,000		2,843,615
General Electric Capital Corp.
5.50% due 09/15/2067 (b)***	EUR	12,700,000		17,537,215
General Motors Acceptance Corp. LLC, Series MTN
6.36% due 09/23/2008 (b)***	$	2,200,000		2,167,253
GMAC LLC
6.00% due 12/15/2011 ***		600,000		553,787
Goldman Sachs Group, Inc.
5.25% due 12/23/2008 (b)***		600,000		598,067
5.30% due 06/23/2009 (b)***		3,200,000		3,189,142
5.625% due 01/15/2017 ***		2,900,000		2,813,722
6.25% due 09/01/2017 ***		6,600,000		6,744,474
Goldman Sachs Group, Inc., Series MTN
5.47% due 11/10/2008 (b)***		4,000,000		3,991,892
5.61% due 11/16/2009 (b)***		1,600,000		1,596,347
Goldman Sachs Group, Inc., Series MTNB
5.30% due 12/22/2008 (b)***		4,600,000		4,586,021
5.69% due 07/23/2009 (b)***		9,600,000		9,600,230
HBOS PLC
5.92% due 09/29/2049 (b)***		700,000		633,298
HBOS Treasury Services PLC, Series MTN
5.40% due 07/17/2009 (b)***		5,800,000		5,786,840
John Deere Capital Corp., Series MTN
5.41% due 07/15/2008 (b)***		3,600,000		3,602,873
JP Morgan Chase Bank NA, Series BKNT
6.00% due 10/01/2017 ***		5,400,000		5,452,348
JP Morgan Chase Capital XX, Series T
6.55% due 09/29/2036 ***		700,000		653,890
JPMorgan Chase & Co, Series MTN
5.3956% due 05/07/2010 (b)***		5,600,000		5,578,664

The accompanying notes are an integral part of the financial statements. 

384

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Lehman Brothers Holdings, Inc., Series MTN
5.17875% due 11/24/2008 (b)***	$	2,300,000	$	2,273,633
5.26% due 12/23/2008 (b)***		500,000		494,434
5.45% due 10/22/2008 (b)***		6,100,000		6,056,568
5.45% due 04/03/2009 (b)***		3,500,000		3,444,784
5.58% due 07/18/2011 (b)***		2,700,000		2,584,931
5.60% due 08/21/2009 (b)***		3,500,000		3,416,038
5.63% due 11/16/2009 (b)***		8,000,000		7,806,048
5.645% due 05/25/2010 (b)***		1,800,000		1,754,491
Longpoint Re, Ltd.
10.94438% due 05/08/2010 (b)***		1,700,000		1,736,210
Merrill Lynch & Company, Inc.
6.40% due 08/28/2017 ***		4,300,000		4,436,701
Merrill Lynch & Company, Inc., Series MTN
5.40563% due 05/08/2009 (b)***		2,900,000		2,888,365
5.56% due 07/25/2011 (b)***		4,800,000		4,719,816
5.665% due 08/14/2009 (b)***		3,400,000		3,376,822
Merrill Lynch & Company, Inc., Series MTNC
5.8625% due 06/16/2008 (b)***		9,600,000		9,596,544
Morgan Stanley, Series FMTN
5.41% due 05/07/2009 (b)***		4,100,000		4,066,864
Morgan Stanley, Series GMTN
5.47% due 02/09/2009 (b)***		7,300,000		7,256,273
Morgan Stanley, Series MTN
5.18875% due 11/21/2008 (b)***		2,800,000		2,786,188
5.45025% due 01/15/2010 (b)***		2,900,000		2,863,135
5.77% due 03/07/2008 (b)***		3,600,000		3,594,956
Mystic Re, Ltd.
15.54125% due 06/07/2011 (b)***		1,500,000		1,563,300
Osiris Capital PLC, Series D
10.36% due 01/15/2010 (b)***		1,900,000		1,915,390
Phoenix Quake Wind, Ltd.
7.81% due 07/03/2008 (b)***		800,000		801,176
Phoenix Quake, Ltd.
7.81% due 07/03/2008 (b)***		800,000		803,312
Pricoa Global Funding I
5.44% due 01/25/2008 (b)***		6,400,000		6,398,246
Salomon Brothers AG for OAO Gazprom
10.50% due 10/21/2009 (b)***		3,600,000		3,931,117
SLM Corp., Series MTNA
5.57% due 07/25/2008 (b)***		15,200,000		14,988,842
SMFG Preferred Capital
6.078% due 01/29/2049 (b)***		2,400,000		2,219,256
ZFS Finance USA Trust IV
5.875% due 05/09/2032 ***		1,500,000		1,427,700
				325,285,451
Food & Beverages - 0.00%
Kraft Foods, Inc.
6.25% due 06/01/2012 ***		100,000		103,245
Gas & Pipeline Utilities - 0.42%
El Paso Corp.
7.75% due 01/15/2032 ***		5,875,000		5,965,722
Williams Companies, Inc.
6.375% due 10/01/2010 ***		3,200,000		3,216,000
				9,181,722

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance - 0.58%
American International Group, Inc.
5.05% due 10/01/2015 ***	$	700,000	$	668,067
5.8025% due 06/16/2009 (b)***		3,000,000		2,985,900
MetLife, Inc.
6.40% due 12/15/2036 (b)***		1,300,000		1,236,106
Metropolitan Life Global Funding I, Series MTN
5.56% due 05/17/2010 (b)***		7,200,000		7,139,830
Residential Reinsurance 2007 Ltd, Series CL2
15.87125% due 06/07/2010 (b)***		700,000		722,610
				12,752,513
International Oil - 0.36%
Gaz Capital for Gazprom
6.212% due 11/22/2016 ***		700,000		693,840
Pemex Project Funding Master Trust
5.75% due 12/15/2015 ***		1,300,000		1,300,798
7.375% due 12/15/2014 ***		600,000		659,754
8.625% due 02/01/2022 ***		300,000		370,032
Ras Laffan Liquefied Natural Gas Company, Ltd. III
5.838% due 09/30/2027 ***		1,500,000		1,369,980
Transocean, Inc.
5.86875% due 09/05/2008 ***		3,500,000		3,493,648
				7,888,052
Leisure Time - 0.01%
MGM MIRAGE
6.00% due 10/01/2009 ***		200,000		198,500
Manufacturing - 0.35%
General Electric Company
5.7638% due 12/09/2008 (b)***		2,800,000		2,804,892
Siemens Financieringsmaatschappij NV
5.625% due 08/14/2009 (b)***		4,900,000		4,901,357
				7,706,249
Mining - 0.08%
Corporacion Nacional Del Cobre de Chile -
CODELCO
6.15% due 10/24/2036 ***		400,000		390,051
Vale Overseas, Ltd.
6.25% due 01/23/2017 ***		700,000		707,839
6.875% due 11/21/2036 ***		700,000		721,187
				1,819,077
Petroleum Services - 0.02%
Petroleum Export, Ltd.
5.265% due 06/15/2011 ***		478,869		475,981
Pharmaceuticals - 0.13%
AstraZeneca PLC
5.90% due 09/15/2017 ***		1,400,000		1,421,095
6.45% due 09/15/2037 ***		1,400,000		1,451,613
				2,872,708
Retail - 0.38%
Wal-Mart Stores, Inc.
5.59438% due 06/16/2008 (b)***		8,300,000		8,303,220

The accompanying notes are an integral part of the financial statements. 

385

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services - 0.64%
Deutsche Telekom International Finance BV
5.39% due 03/23/2009 (b)***	$	4,900,000	$	4,881,601
France Telecom SA
7.75% due 03/01/2011 ***		200,000		214,985
France Telecom SA, Series REGS
6.75 due 03/14/2008 ***	EUR	200,000		286,418
Verizon Communications, Inc.
5.41% due 04/03/2009 (b)***	$	8,400,000		8,405,821
Verizon Global Funding Corp.
7.25% due 12/01/2010 ***		200,000		212,460
				14,001,285
Telephone - 1.61%
AT&T Corp.
7.3 due 11/15/2011 (b)***		1,538,000		1,652,246
AT&T, Inc.
5.6475% due 05/15/2008 (b)***		15,000,000		15,000,300
BellSouth Corp.
5.6575% due 08/15/2008 (b)***		5,700,000		5,694,625
Qwest Capital Funding, Inc.
7.25% due 02/15/2011 ***		113,000		113,565
Qwest Corp.
7.625% due 06/15/2015 ***		2,700,000		2,828,250
Sprint Capital Corp.
6.125% due 11/15/2008 ***		500,000		503,679
Telecom Italia Capital SA
5.97% due 07/18/2011 (b)***		4,800,000		4,771,066
Telefonica Emisones SAU
5.8875% due 06/19/2009 (b)***		4,700,000		4,694,990
				35,258,721
TOTAL CORPORATE BONDS (Cost $705,370,524)			$	701,812,539
MUNICIPAL BONDS - 0.20%
Iowa - 0.02%
Tobacco Settlement Authority of Iowa, Tobacco
Settlement Revenue, Series A
6.50% due 06/01/2023 ***		480,000		456,624
Rhode Island - 0.02%
Tobacco Settlement Financing Corp.
6.25% due 06/01/2042 ***		500,000		504,340
South Carolina - 0.01%
Tobacco Settlement Revenue Management
Authority
6.375% due 05/15/2028 ***		200,000		205,310
Wisconsin - 0.15%
Badger Tobacco Asset Securitization Corp.
6.00% due 06/01/2017 ***		2,900,000		2,971,978
6.375% due 06/01/2032 ***		200,000		207,674
Wisconsin State Clean Water Revenue
5.10% due 06/01/2021 ***		110,000		115,140
5.10% due 06/01/2022 ***		25,000		26,125
				3,320,917
TOTAL MUNICIPAL BONDS (Cost $4,355,625)			$	4,487,191

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS - 14.13%
American Home Mortgage Investment Trust, Series
2004-4, Class 4A
4.39% due 02/25/2045 ***	$	1,590,415	$	1,571,160
Bank of America Funding Corp., Series 2005-D,
Class A1
4.1118% due 05/25/2035 (b)***		2,736,650		2,686,159
Bank of America Funding Corp., Series 2004-A,
Class 1A3
5.0074% due 09/20/2034 (b)***		1,027,097		1,011,923
Bank of America Mortgage Securities, Inc., Series
2004-1, Class 5A1
6.50% due 09/25/2033 ***		363,789		366,973
Bank of America Mortgage Securities, Inc.,
Series 2004-2, Class 5A1
6.50% due 10/25/2031 ***		68,270		69,084
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-9, Class 22A1
4.77611% due 11/25/2034 (b)***		2,171,891		2,145,630
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A1
4.125% due 03/25/2035 (b)***		32,060,228		31,667,231
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-3, Class 1A2
5.7082% due 07/25/2034 (b)***		163,679		163,997
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2002-11, Class 1A2
5.288962% due 02/25/2033 (b)***		687,836		699,648
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-8, Class 2A1
4.7789% due 01/25/2034 (b)***		2,197,264		2,215,904
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-6, Class 1A1
6.429736% due 09/25/2034 (b)***		228,337		231,265
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-7, Class 1A1
6.446885% due 10/25/2034 (b)***		300,933		304,627
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-9, Class 2A1
5.336% due 09/25/2034 (b)***		182,820		182,757
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-4, Class 2A1
5.3738% due 05/25/2035 (b)***		3,986,044		3,992,637
Bear Stearns Alt-A Trust, Series 2005-7, Class 22A1
5.519552% due 09/25/2035 (b)***		2,229,429		2,226,094
Bear Stearns Alt-A Trust, Series 2006-8, Class 3A1
5.29125% due 02/25/2034 (b)***		3,312,693		3,195,967
Bear Stearns Structured Products, Inc., Series
2007-R7, Class A1
5.32% due 01/25/2037 (b)***		4,920,042		4,886,601
Citigroup Mortgage Loan Trust, Inc., Series
2005-11, Class A2A
4.70% due 12/25/2035 ***		979,012		962,275
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A1
4.7475% due 08/25/2035 (b)***		31,342,824		31,032,094

The accompanying notes are an integral part of the financial statements. 

386

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Countrywide Alternative Loan Trust, Series
2007-OA6, Class A1B
5.33% due 06/25/2037 (b)***	$	17,690,653	$	17,218,919
Countrywide Alternative Loan Trust,
Series 2003-J3, Class 2A1
6.25% due 12/25/2033 ***		126,256		126,643
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2003-R4, Class 1A3
6.00% due 11/25/2026 ***		617,416		614,666
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-22, Class A3
4.79686% due 11/25/2034 (b)***		4,005,140		3,957,962
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB9, Class 1A1
4.7393% due 02/20/2035 (b)***		7,417,182		7,340,705
Countrywide Home Loans, Series 2005-3, Class 1A2
5.4213% due 04/25/2035 (b)***		586,855		575,001
Countrywide Home Loans, Series 2003-R4,
Class 2A
6.50% due 01/25/2034 ***		252,495		258,643
Countrywide Home Loans, Series 2004-12,
Class 11A2
6.18978% due 08/25/2034 (b)***		155,563		156,582
Countrywide Home Loans,
Series 2005-HYB9, Class 3A2A
5.25% due 02/20/2036 (b)***		978,164		972,257
Credit Suisse First Boston Mortgage Securities
Corp., Series 2004-AR8, Class 2A1
4.5925% due 09/25/2034 (b)***		516,587		511,753
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3346, Class FA
5.9825% due 02/15/2019 (b)***		25,610,120		25,526,404
Federal Home Loan Mortgage Corp., Series
2007-3335, Class AF
5.90% due 10/15/2020 (b)***		37,920,835		37,787,293
Federal Home Loan Mortgage Corp., Series
2007-3335, Class BF
5.90% due 07/15/2019 (b)***		6,265,694		6,242,999
Federal Home Loan Mortgage Corp., Series 2204,
Class Z
7.50% due 12/20/2029 ***		1,192,017		1,242,236
Federal Home Loan Mortgage Corp., Series 2247,
Class Z
7.50% due 08/15/2030 ***		663,457		692,136
Federal Home Loan Mortgage Corp., Series 2362,
Class ZA
6.50% due 09/15/2031 ***		1,467,478		1,516,113
Federal Home Loan Mortgage Corp., Series 24989,
Class PE
6.00% due 08/15/2032 ***		1,600,000		1,622,226
Federal Home Loan Mortgage Corp., Series 2503,
Class PZ
6.00% due 09/15/2032 ***		1,878,995		1,832,877
Federal Home Loan Mortgage Corp., Series 2863,
Class KZ
5.00% due 09/15/2034 ***		115,665		94,631

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Series 2901,
Class UB
5.00% due 03/15/2033 ***	$	800,000	$	768,408
Federal Home Loan Mortgage Corp., Series 2906,
Class GZ
5.00% due 09/15/2034 ***		342,694		298,767
Federal Home Loan Mortgage Corp., Series 2935,
Class HJ
5.00% due 02/15/2035 ***		400,000		370,248
Federal Home Loan Mortgage Corp., Series 2941,
Class WE
5.00% due 03/15/2035 ***		400,000		367,000
Federal Home Loan Mortgage Corp., Series 3149,
Class LF
6.0525% due 05/15/2036 (b)***		2,726,541		2,726,665
Federal Home Loan Mortgage Corp., Series T-63,
Class 1A1
6.18% due 02/25/2045 (b)***		429,098		431,214
Federal National Mortgage Association
4.6732% due 05/25/2035 (b)***		700,000		695,757
Federal National Mortgage Association, Series
2002-56, Class ZQ
6.00% due 09/25/2032 ***		13,488,502		13,491,354
Federal National Mortgage Association, Series
2003-116, Class FA
5.5313% due 11/25/2033 (b)***		440,303		441,288
Federal National Mortgage Association, Series
2003-21, Class M
5.00% due 02/25/2017 (b)***		966,241		962,030
Federal National Mortgage Association, Series
2003-W1, Class 1A1
6.50% due 12/25/2042 ***		610,459		626,842
Federal National Mortgage Association, Series
2004-11, Class A
5.2513% due 03/25/2034 (b)***		60,272		59,901
Federal National Mortgage Association, Series
2004-T1, Class 1A1
6.00% due 01/25/2044 ***		337,975		341,097
Federal National Mortgage Association, Series
2004-W2, Class 1A3F
5.4813% due 02/25/2044 (b)***		280,878		279,046
Federal National Mortgage Association, Series
2005-14, Class KZ
5.00% due 03/25/2035 ***		113,285		87,346
Federal National Mortgage Association, Series
2005-9, Class ZA
5.00% due 02/25/2035 ***		568,787		481,085
First Nationwide Trust, Series 2001-3, Class 1A1
6.75% due 08/21/2031 ***		35,817		35,715
Freddie Mac , Series 2007-3335, Class FT
5.90% due 08/15/2019 (b)***		28,424,111		28,320,622
Greenpoint Mortgage Funding Trust, Series
2006-AR6, Class A1A
5.21125% due 10/25/2046 (b)***		3,702,676		3,678,346
Greenpoint Mortgage Funding Trust, Series
2006-AR8, Class 1A1A
5.21% due 01/25/2047 (b)***		3,717,358		3,630,871

The accompanying notes are an integral part of the financial statements. 

387

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
GS Mortgage Securities Corp II, Series 2007-EOP,
Class A1
5.8875% due 03/06/2020 (b)***	$	4,747,350	$	4,703,688
GS Mortgage Securities Corp., Series 2003-1,
Class A2
5.8313% due 01/25/2032 (b)***		45,765		45,963
Harborview Mortgage Loan Trust, Series 2005-2,
Class 2A1A
5.7225% due 05/19/2035 (b)***		875,453		857,259
Indymac Arm Trust, Series 2001-H2, Class A2
6.6048% due 01/25/2032 (b)***		15,610		15,557
Indymac Index Mortgage Loan Trust, Series
2006-AR14, Class 1A1A
5.2215% due 11/25/2046 (b)***		2,214,617		2,198,176
JP Morgan Mortgage Trust, Series 2005-A1, Class
6T1
5.02266% due 02/25/2035 (b)***		2,371,755		2,296,903
LB-UBS Commercial Mortgage Trust, Series
2005-C7, Class A1
4.99% due 11/15/2030 ***		2,529,669		2,527,908
Lehman XS Trust, Series 2006-16N, Class A1A
5.2113% due 11/25/2046 (b)***		3,301,559		3,235,417
Mellon Residential Funding Corp., Series
2000-TBC2, Class A1
6.23% due 06/15/2030 (b)***		3,377,762		3,329,454
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 3A
6.13125% due 10/25/2035 (b)***		827,830		813,219
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 5A
5.38125% due 11/25/2035 (b)***		1,153,354		1,094,370
Merrill Lynch Mortgage Investors, Inc., Series
2005-A10, Class A
5.34125% due 02/25/2036 (b)***		1,561,078		1,507,462
Morgan Stanley Capital I, Series 2007-XLFA, Class
A1
5.8125% due 10/15/2020 (b)***		1,819,820		1,819,984
Nomura Asset Acceptance Corp., Series 2004-R1,
Class A2
7.50% due 03/25/2034 ***		332,423		349,635
Prime Mortgage Trust, Series 2004-CL1, Class 1A2
5.5313% due 02/25/2034 (b)***		798,020		788,036
Prime Mortgage Trust, Series 2004-CL1, Class 2A2
5.5313% due 02/25/2019 (b)***		164,411		164,255
Residential Funding Mortgage Securities I, Series
2004-S2, Class A1
5.25% due 03/25/2034 ***		232,180		228,991
Residential Funding Mortgage Securities I, Series
2004-S9, Class 1A23
5.50% due 12/25/2034 ***		300,000		257,692
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-8, Class 3A
4.9139% due 07/25/2034 (b)***		274,637		273,043
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR2, Class 2A1
5.3613% due 05/25/2045 (b)***		75,973		73,898

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A3
5.7525% due 07/19/2035 (b)***	$	3,196,405	$	3,102,381
Structured Asset Securities Corp., Series
2001-21A, Class 1A1
7.1877% due 01/25/2032 (b)***		33,914		33,822
Structured Asset Securities Corp., Series 2002-1A,
Class 4A
6.063% due 02/25/2032 (b)***		46,911		46,825
Thornburg Mortgage Securities Trust, Series
2006-5, Class A1
5.2513% due 09/25/2046 (b)***		7,350,929		7,240,100
Thornburg Mortgage Securities Trust, Series
2006-6, Class A1
5.24125% due 12/25/2036 (b)***		3,160,971		3,121,405
WaMu Mortgage Pass-Through Certificates, Series
2005-AR13, Class A1A1
5.4213% due 10/25/2045 (b)***		810,925		792,885
WaMu Mortgage Pass-Through Certificates, Series
2005-AR6, Class 2A1A
5.3613% due 04/25/2045 (b)***		90,667		88,894
Washington Mutual Mortgage Securities Corp.,
Series 2002-AR17, Class 1A
6.1833% due 11/25/2042 (b)***		594,042		596,184
Washington Mutual Mortgage Securities Corp.,
Series 2002-AR2, Class A
5.527% due 02/27/2034 (b)***		153,474		152,545
Washington Mutual Mortgage Securities Corp.,
Series 2002-AR9, Class 1A
6.3833% due 08/25/2042 (b)***		1,819,622		1,827,710
Washington Mutual Mortgage Securities Corp.,
Series 2003-AR1, Class 2A
5.42666% due 02/25/2033 (b)***		1,062,318		1,059,526
Washington Mutual Mortgage Securities Corp.,
Series 2005-AR2, Class 2A1A
5.4413% due 01/25/2045 (b)***		57,122		56,102
Washington Mutual, Inc., Series 2002-AR6, Class A
6.3833% due 06/25/2042 (b)***		27,917		27,589
Wells Fargo Mortgage Backed Securities Trust,
Series 2004-CC, Class A1
4.9547% due 01/25/2035 (b)***		5,132,389		5,016,610
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR2, Class 2A1
4.95% due 03/25/2036 (b)***		4,370,531		4,318,465
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $310,341,395)			$	310,057,627
ASSET BACKED SECURITIES - 5.99%
ACE Securities Corp., Series 2006-HE2, Class A2A
5.1913% due 05/25/2036 (b)***		1,687,278		1,682,662
Argent Securities, Inc., Series 2006-M2, Class A2A
5.1813% due 09/25/2036 (b)***		1,189,325		1,183,347
Bear Stearns Asset Backed Securities Trust,
Series 2007-HE5, Class 1A1
5.22% due 06/25/2047 (b)***		2,424,474		2,407,920

The accompanying notes are an integral part of the financial statements. 

388

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Brazos Student Finance Corp.,
Series 1998-A, Class A2
5.96% due 06/01/2023 (b)***	$	415,400	$	416,272
Countrywide Asset-Backed Certificates, Series
2006-15, Class A1
5.24125% due 10/25/2046 ***		2,698,956		2,686,149
Countrywide Asset-Backed Certificates, Series
2006-16, Class 2A1
5.18125% due 12/25/2046 ***		1,050,416		1,045,693
Countrywide Asset-Backed Certificates, Series
2006-17, Class 2A1
5.1813% due 03/25/2047 (b)***		2,746,301		2,730,950
Countrywide Asset-Backed Certificates,
Series 2006-25, Class 2A1
5.20125% due 06/25/2037 (b)***		3,045,837		3,020,916
EMC Mortgage Loan Trust, Series 2001-A Class A
5.5013% due 05/25/2040 (b)***		1,962,600		1,944,938
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2005-FF12, Class A2A
5.2213% due 11/25/2036 (b)***		510,881		509,052
First USA Credit Card Master Trust, Series 1998-6,
Class A
5.77% due 04/18/2011 (b)***		9,500,000		9,501,026
Fremont Home Loan Trust, Series 2006-3, Class
2A1
5.20125% due 02/25/2037 (b)***		1,649,313		1,642,974
GSR Mortgage Loan Trust, Series 2005-AR7,
Class 6A1
5.251% due 11/25/2035 (b)***		4,518,523		4,319,820
HFC Home Equity Loan Asset Backed Certificates,
Series 2007-2, Class A1V
5.59% due 07/20/2036 (b)***		4,250,082		4,228,832
HSI Asset Securitization Corp. Trust, Series
2006-HE2, Class 2A1
5.18125% due 12/25/2036 (b)***		1,893,659		1,876,063
JP Morgan Mortgage Acquisition Corp., Series
2006-CH1, Class A2
5.1813% due 07/25/2028 (b)***		4,871,629		4,848,058
JP Morgan Mortgage Acquisition Corp., Series
2006-WMC3, Class A2
5.1813% due 08/25/2036 (b)***		1,353,177		1,343,446
Lehman Brothers Floating Rate Commercial
Mortgage Trust, Series 2006-LLFA, Class A1
5.8325% due 09/15/2021 (b)***		764,736		764,388
Long Beach Mortgage Loan Trust, Series 2004-4,
Class 1A1
5.4113% due 10/25/2034 (b)***		92,642		90,178
Master Asset Backed Securities Trust, Series
2007-HE1, Class A1
5.21% due 05/25/2037 (b)***		3,138,555		3,123,352
MBNA Credit Card Master Note Trust, Series
2003-A3, Class A3
5.8725% due 08/16/2010 (b)***		4,400,000		4,401,976
Merrill Lynch Mortgage Investors, Inc., Series
2006-FF1, Class A2A
5.20% due 08/25/2036 (b)***		7,984,550		7,957,951

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Morgan Stanley ABS Capital I, Series 2007-NC3,
Class A2A
5.38% due 05/25/2037 (b)***	$	5,631,731	$	5,607,092
Newcastle Mortgage Securities Trust, Series
2006-1, Class A1
5.2013% due 03/25/2036 (b)***		1,901,195		1,893,311
Park Place Securities, Inc., Series 2004-MCW1,
Class A1
5.4433% due 10/25/2034 (b)***		3,467,378		3,305,028
Quest Trust, Series 2004-X2, Class A1
5.6913% due 06/25/2034 (b)***		1,992		1,991
Residential Asset Mortgage Products, Inc., Series
2006-RZ4, Class A1A
5.2113% due 10/25/2036 (b)***		3,904,481		3,873,891
Residential Asset Securities Corp., Series
2006-KS6, Class A1
5.1713% due 08/25/2036 (b)***		1,260,255		1,256,560
Residential Asset Securities Corp., Series
2006-KS9, Class AI1
5.575% due 11/25/2036 (b)***		3,403,776		3,377,139
Residential Funding Mortgage Securities II Inc,
Series 2007-HSA3, Class AI1
5.25% due 05/25/2037 (b)***		6,492,555		6,470,240
Saxon Asset Securities Trust, Series 2006-3, Class
A1
5.19% due 11/25/2036 (b)***		1,491,875		1,484,148
SBI Heloc Trust, Series 2006-1A, Class 1A2A
5.3013% due 08/25/2036 (b)***		1,955,529		1,857,753
SLM Student Loan Trust, Series 2006-3, Class A2
5.36% due 01/25/2016 (b)***		1,602,604		1,602,985
Soundview Home Equity Loan Trust, Series
2006-WF1, Class A1A
5.42% due 10/25/2036 (b)***		3,875,190		3,856,540
Soundview Home Equity Loan Trust, Series
2007-OPT1, Class 2A1
5.21% due 06/25/2037 (b)***		4,891,000		4,872,659
Structured Asset Securities Corp., Series 2006-11,
Class A1
5.32186% due 10/25/2035 (b)***		3,649,176		3,627,208
Structured Asset Securities Corp., Series
2006-BC3, Class A2
5.18125% due 10/25/2036 (b)***		3,838,107		3,799,008
USAA Auto Owner Trust, Series 2007-1, Class A1
5.337% due 07/11/2008 ***		2,321,242		2,321,242
Wachovia Auto Loan Owner Trust 2006-1, Series
2007-1, Class A1
5.337% due 06/20/2008 ***		2,061,309		2,061,309
Wachovia Bank Commercial Mortgage Trust,
Series 2006-WL7A, Class A1
5.8425% due 09/15/2021 (b)***		10,191,345		10,152,854
Wachovia Bank Commercial Mortgage Trust,
Series 2007-WHL8, Class A1
5.83250% due 06/15/2020 (b)***		5,954,769		5,891,232

The accompanying notes are an integral part of the financial statements. 

389

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Wells Fargo Home Equity Trust, Series 2005-4,
Class AI1
5.2513% due 12/25/2035 (b)***	$	2,485,403	$	2,468,970
TOTAL ASSET BACKED SECURITIES
(Cost $132,288,740)			$	131,507,123
PREFERRED STOCKS - 0.84%
Banking - 0.57%
DG Funding Trust * ***		981		10,515,094
RBS Capital Trust I * (b)***		2,100,000		1,958,397
				12,473,491
Financial Services - 0.27%
Mitsubishi UFJ Financial Group, Inc., Capital
Finance 1, Ltd. * (b)***		700,000		665,397
UBS Preferred Funding Trust V, Series 1 * (b)***		5,400,000		5,316,467
				5,981,864
TOTAL PREFERRED STOCKS (Cost $18,530,977)		$		18,455,355
TERM LOANS - 1.36%
Electrical Utilities - 0.44%
Kinder Morgan, Inc.
1.00% due 11/24/2013		10,000,000		9,732,300
Financial Services - 0.70%
Chrysler Financial
5.00% due 08/03/2012		11,000,000		11,000,110
SLM Corp., Series MTNA
6.00% due 06/30/2008		4,600,000		4,439,000
				15,439,110
Healthcare Services - 0.13%
HCA Inc.
7.36% due 11/16/2012		2,946,163		2,843,047
Semiconductors - 0.09%
Freescale
7.11% due 12/01/2013 (b)		1,982,475		1,901,531
TOTAL TERM LOANS (Cost $30,019,182)		$		29,915,988
OPTIONS - 0.64%
Call Options - 0.62%
Over The Counter European Style Call
Expiration 12/15/2008 at $4.75		215,900,000		1,897,135
Expiration 02/01/2008 at $4.75		59,000,000		210,860
Expiration 10/25/2007 at $4.90		62,000,000		356,481
Expiration 12/15/2008 at $5.00		290,000,000		3,212,678
Expiration 02/02/2009 at $5.20		67,000,000		871,375
Over The Counter European Style Call on the USD
vs. JPY
Expiration 03/31/2010 at $105.40		6,000,000		271,632
Over The Counter European Style Call on
USD-LIBOR Rate Swaption
Expiration 09/26/2008 at $4.75		149,500,000		1,303,685
Expiration 09/30/2008 at $4.75		198,000,000		1,726,619
Expiration 03/31/2008 at $4.75		159,800,000		1,242,381
Expiration 03/31/2008 at $4.75		106,600,000		841,508

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
Call Options (continued)
Over The Counter European Style Call on
USD-LIBOR Rate Swaption (continued)
Expiration 09/26/2008 at $4.75		53,400,000	$	465,664
Expiration 02/01/2008 at $5.00		124,200,000		1,231,071
				13,631,089
Put Options - 0.02%
Chicago Mercantile Exchange American Purchase
Put on Eurodollar
Expiration 12/17/2007 at $91.25		3,075,000		7,688
Expiration 03/17/2008 at $91.75		12,182,500		30,456
Expiration 12/17/2007 at $92.25		425,000		1,062
Expiration 03/17/2008 at $92.50		2,270,000		5,675
Expiration 03/17/2008 at $92.75		2,940,000		7,350
LIFFE American Purchase Put on UK 90-day
Futures
Expiration 09/17/2008 at $92.50		248,750		0
Over The Counter European Purchase Put on the
USD vs. JPY
Expiration 03/31/2010 at $105.40		6,000,000		271,632
				323,863
TOTAL OPTIONS (Cost $7,034,986)			$	13,954,952
SHORT TERM INVESTMENTS - 5.08%
Bank of America Corp.
5.245% due 10/26/2007 ***	$	5,700,000	$	5,679,239
Fortis Bank
5.265% due 06/30/2008 (b)***		3,100,000		3,099,092
5.30% due 09/30/2008 (b)***		3,900,000		3,898,447
Royal Bank of Scotland Group, PLC
5.265% due 03/26/2008 ***		3,700,000		3,699,469
Societe Generale NY
5.268% due 06/30/2008 ***		13,000,000		13,002,795
U.S. Treasury Bills
zero due 11/29/2007 to 12/13/2007 ***		16,415,000		16,290,048
UBS Finance (Delaware) LLC
5.225% due 11/14/2007 ***		25,700,000		25,535,877
Westpac Banking Corp.
5.225% due 11/13/2007 ***		40,600,000		40,346,617
TOTAL SHORT TERM INVESTMENTS
(Cost $111,545,771)			$	111,551,584
REPURCHASE AGREEMENTS - 2.32%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$50,958,405 on 10/01/2007,
collateralized by $51,005,000
Federal Home Loan Mortgage
Corp., 5.55% due 06/13/2009
(valued at $51,961,344, including
interest)	$	50,941,000	$	50,941,000
TOTAL REPURCHASE AGREEMENTS
(Cost $50,941,000)			$	50,941,000

The accompanying notes are an integral part of the financial statements. 

390

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Investments (Total Return Trust)
(Cost $2,695,840,771) - 122.61%			$	2,690,869,718
Liabilities in Excess of Other Assets - (22.61)%				(496,277,937)
TOTAL NET ASSETS - 100.00%			$	2,194,591,781
Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
U.S. TREASURY NOTES - 100.00%
U.S. Treasury Notes
4.625%, due 02/15/2017 ***	$	6,600,000	$	6,610,705
4.50%, due 05/15/2017 ***		49,200,000	$	48,977,075
TOTAL U.S. TREASURY
NOTES (Proceeds $54,222,643)			$	55,587,780
Total Securities Sold Short
(Proceeds $54,222,643)			$	55,587,780
Total Stock Market Index Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.27%
Advertising - 0.23%
Clear Channel Outdoor Holdings, Inc. * (a)		9,338	$	238,119
Getty Images, Inc. *		1,699		47,300
Greenfield Online, Inc. *		948		14,457
Interpublic Group of Companies, Inc. *		11,554		119,931
inVentiv Health, Inc. *		861		37,729
Lamar Advertising Company, Class A *		2,550		124,874
Marchex, Inc., Class B		1,328		12,629
Monster Worldwide, Inc. *		3,201		109,026
Omnicom Group, Inc.		9,118		438,485
ValueClick, Inc. *		2,788		62,618
				1,205,168
Aerospace - 1.84%
AAR Corp. *		1,067		32,373
Aerovironment, Inc. *		672		15,463
Alliant Techsystems, Inc. *		839		91,703
Argon ST, Inc. *		746		14,771
BE Aerospace, Inc. *		2,035		84,513
Boeing Company		21,369		2,243,531
Curtiss-Wright Corp.		809		38,427
Ducommun, Inc. *		486		15,698
EDO Corp.		675		37,807
Esterline Technologies Corp. *		772		44,042
GenCorp, Inc. *		1,951		23,334
General Dynamics Corp.		10,811		913,205
Goodrich Corp.		3,120		212,877
HEICO Corp., Class A		874		34,523
Herley Industries, Inc. *		997		14,915
Innovative Solutions & Support, Inc. * (a)		612		11,610
Integral Systems, Inc.		606		13,023
Lockheed Martin Corp.		11,362		1,232,663
Moog, Inc., Class A *		1,222		53,695
MTC Technologies, Inc. *		696		13,440

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Aerospace (continued)
Northrop Grumman Corp.	9,240	$	720,720
Orbital Sciences Corp., Class A *	1,786		39,721
Raytheon Company	12,098		772,094
Rockwell Collins, Inc.	4,340		316,994
Sequa Corp., Class A *	338		56,034
Spirit Aerosystems Holdings, Inc., Class A *	3,633		141,469
Teledyne Technologies, Inc. *	1,016		54,244
TransDigm Group, Inc. *	1,299		59,377
Triumph Group, Inc.	462		37,750
United Technologies Corp.	26,810		2,157,669
Woodward Governor Company	1,027		64,085
			9,561,770
Agriculture - 0.56%
Alico, Inc.	282		12,222
Andersons, Inc.	521		25,018
Archer-Daniels-Midland Company	17,695		585,351
Bunge, Ltd. (a)	3,045		327,185
Cadiz, Inc. * (a)	645		12,191
Fresh Del Monte Produce, Inc. *	1,694		48,702
Maui Land & Pineapple, Inc. * (a)	404		12,298
Monsanto Company	14,660		1,256,948
Tejon Ranch Company *	507		20,990
The Mosaic Company *	11,828		633,035
			2,933,940
Air Freight - 0.00%
ABX Air, Inc. *	2,265		16,036
ExpressJet Holdings, Inc. *	2,169		6,702
			22,738
Air Travel - 0.23%
Airtran Holdings, Inc. *	2,668		26,253
Alaska Air Group, Inc. *	1,175		27,131
Allegiant Travel Company *	620		18,798
AMR Corp. *	6,031		134,431
Continental Airlines, Inc., Class B *	2,737		90,403
Delta Air Lines, Inc. *	6,812		122,275
Frontier Airlines Holdings, Inc. * (a)	2,051		12,696
JetBlue Airways Corp. *	5,006		46,155
Northwest Airlines Corp. *	7,485		133,233
Pinnacle Airline Corp. *	802		12,848
Republic Airways Holdings, Inc. *	1,268		26,844
SkyWest, Inc.	1,753		44,123
Southwest Airlines Company	20,557		304,244
UAL Corp. *	2,556		118,931
US Airways Group, Inc. *	2,474		64,942
			1,183,307
Aluminum - 0.19%
Alcoa, Inc.	23,642		924,875
Century Aluminum Company *	960		50,544
Superior Essex, Inc. *	622		23,188
			998,607

The accompanying notes are an integral part of the financial statements. 

391

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Amusement & Theme Parks - 0.00%
Great Wolf Resorts, Inc. *	1,524	$	18,837
Apparel & Textiles - 0.67%
Angelica Corp.	528		10,407
Bebe Stores, Inc. (a)	2,703		39,545
Brown Shoe, Inc.	1,244		24,134
Carter's, Inc. *	1,706		34,035
Cherokee, Inc. (a)	416		15,958
Cintas Corp.	3,961		146,953
Coach, Inc. *	10,021		473,693
Columbia Sportswear Company	1,015		56,140
Crocs, Inc. * (a)	1,806		121,453
Deckers Outdoor Corp. *	364		39,967
dELiA*s, Inc. *	1,354		6,364
G & K Services, Class A	628		25,246
G-III Apparel Group, Ltd. *	680		13,389
Guess?, Inc.	2,168		106,297
Hanesbrands, Inc. *	2,712		76,099
Hartmarx Corp. *	1,791		8,776
Heelys, Inc. *	835		6,655
Iconix Brand Group, Inc. *	1,664		39,587
Interface, Inc., Class A	1,893		34,169
Jones Apparel Group, Inc.	3,033		64,087
Jos. A. Bank Clothiers, Inc. * (a)	543		18,147
Kellwood Company	847		14,441
K-Swiss, Inc., Class A	1,079		24,720
Liz Claiborne, Inc.	2,744		94,202
Maidenform Brands, Inc. *	754		11,974
Mohawk Industries, Inc. * (a)	1,647		133,901
Movado Group, Inc.	758		24,195
NIKE, Inc., Class B	13,565		795,723
Oakley, Inc.	2,010		58,350
Oxford Industries, Inc.	557		20,119
Perry Ellis International, Inc. *	526		14,575
Phillips-Van Heusen Corp.	1,196		62,766
Polo Ralph Lauren Corp., Class A	2,700		209,925
Quiksilver, Inc. *	3,540		50,622
Skechers United States of America, Inc.,
Class A *	1,222		27,006
Stage Stores, Inc.	1,226		22,350
Steven Madden, Ltd. *	718		13,606
The Gymboree Corp. *	927		32,667
The Warnaco Group, Inc. *	1,363		53,252
Timberland Company, Class A *	1,820		34,507
True Religion Apparel, Inc. * (a)	844		14,854
Under Armour, Inc., Class A * (a)	1,356		81,116
Unifirst Corp.	552		20,678
VF Corp.	2,868		231,591
Volcom, Inc. *	746		31,720
Weyco Group, Inc. (a)	742		23,306
Wolverine World Wide, Inc.	1,628		44,607
			3,507,874

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Auto Parts - 0.40%
Accuride Corp. *	1,068	$	12,933
Aftermarket Technology Corp. *	723		22,948
American Axle & Manufacturing Holdings, Inc.	1,504		37,976
Amerigon, Inc. *	945		16,358
ArvinMeritor, Inc.	2,082		35,019
AutoZone, Inc. *	1,812		210,446
BorgWarner, Inc.	1,312		120,087
Commercial Vehicle Group, Inc. *	751		9,635
CSK Auto Corp. *	1,346		14,335
Dorman Products, Inc. *	1,180		16,662
Exide Technologies *	2,004		13,026
Federal Signal Corp.	1,474		22,641
Gentex Corp.	4,091		87,711
Genuine Parts Company	4,504		225,200
Johnson Controls, Inc.	5,287		624,448
Keystone Automotive Industries, Inc. *	529		25,265
Lear Corp. *	1,914		61,439
LKQ Corp. *	1,598		55,626
Miller Industries, Inc. *	558		9,553
Modine Manufacturing Company	1,102		29,335
Noble International, Ltd.	754		16,053
O'Reilly Automotive, Inc. *	3,191		106,611
Pep Boys - Manny, Moe & Jack	1,591		22,322
Standard Motor Products, Inc.	741		6,965
Superior Industries International, Inc.	839		18,198
Tenneco, Inc. *	1,353		41,957
Titan International, Inc.	617		19,695
TRW Automotive Holdings Corp. *	2,197		69,601
Visteon Corp. *	3,970		20,446
WABCO Holdings, Inc.	1,749		81,781
			2,054,272
Auto Services - 0.09%
AutoNation, Inc. *	4,822		85,446
Avis Budget Group, Inc. *	2,197		50,289
Copart, Inc. *	2,558		87,970
Dollar Thrifty Automotive Group, Inc. *	696		24,144
Hertz Global Holdings, Inc. *	8,169		185,600
Lithia Motors, Inc., Class A	620		10,577
Midas, Inc. *	675		12,737
Monro Muffler Brake, Inc.	508		17,165
TravelCenters of America LLC *	333		10,856
			484,784
Automobiles - 0.33%
Asbury Automotive Group, Inc.	933		18,483
Ford Motor Company *	51,153		434,289
General Motors Corp.	15,295		561,326
Group 1 Automotive, Inc.	707		23,734
Monaco Coach Corp.	1,061		14,886
PACCAR, Inc.	6,748		575,267
Penske Auto Group, Inc.	2,682		54,284

The accompanying notes are an integral part of the financial statements. 

392

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Automobiles (continued)
Rush Enterprises, Inc., Class A *	910	$	23,068
			1,705,337
Banking - 4.10%
1st Source Corp.	841		19,259
Abington Bancorp Inc.	1,444		14,079
Alabama National BanCorp.	621		48,388
AMCORE Financial, Inc.	140		3,489
Americanwest BanCorp	929		18,218
Ameris Bancorp	796		14,392
Ames National Corp.	132		2,641
Arrow Financial Corp.	104		2,318
Associated Banc-Corp.	3,378		100,090
Astoria Financial Corp.	2,685		71,233
Atlantic Coast Federal Corp.	1,028		15,533
BancFirst Corp.	58		2,602
Bancorp, Inc. *	669		12,350
BancorpSouth, Inc.	2,234		54,286
BancTrust Financial Group, Inc. (a)	916		14,583
Bank Granite Corp.	1,245		16,907
Bank Mutual Corp.	2,127		25,077
Bank of America Corp.	120,663		6,065,729
Bank of Florida Corp. *	1,094		17,810
Bank of Hawaii Corp.	1,239		65,481
Bank of the Ozarks, Inc.	707		21,585
BankAtlantic Bancorp, Inc., Class A	2,279		19,759
BankFinancial Corp.	175		2,768
BankUnited Financial Corp., Class A (a)	1,166		18,120
BB&T Corp.	14,438		583,151
BOK Financial Corp.	1,773		91,150
Boston Private Financial Holdings, Inc. (a)	1,211		33,714
Brookline Bancorp, Inc.	2,530		29,323
Bryn Mawr Bank Corp.	854		18,583
Cadence Financial Corp	398		7,005
Camden National Corp.	38		1,329
Capital Bank Corp	145		2,175
Capital City Bank Group, Inc.	90		2,808
Capital Corp of the West	688		12,673
Capitol Bancorp, Ltd. (a)	595		14,774
Capitol Federal Financial (a)	2,120		72,504
Cascade Bancorp (a)	948		21,102
Cathay General Bancorp, Inc. (a)	1,500		48,315
Centennial Bank Holdings, Inc. *	2,321		14,854
Center Bancorp, Inc. (a)	145		1,743
Center Financial Corp.	847		11,782
Centerstate Banks of Florida, Inc.	1,146		18,107
Central Pacific Financial Corp.	972		28,382
Charter Financial Corp.	605		32,670
Chemical Financial Corp.	831		20,152
Chittenden Corp.	1,373		48,275
Citizens & Northern Corp.	1,321		24,267
Citizens Banking Corp.	2,283		36,779

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
City Bank, Lynnwood, WA (a)	716	$	20,564
City National Corp.	1,158		80,493
Clifton Savings Bancorp, Inc.	197		2,330
CoBiz, Inc. (a)	1,066		18,250
Colonial Bancgroup, Inc.	4,297		92,901
Columbia Bankcorp Oregon	925		18,324
Columbia Banking System, Inc.	664		21,128
Comerica, Inc.	3,946		202,351
Commerce Bancorp, Inc. (a)	4,524		175,441
Commerce Bancshares, Inc.	1,781		81,730
Community Banks, Inc.	262		7,805
Community Trust Bancorp, Inc.	593		17,814
Corus Bankshares, Inc. (a)	1,796		23,384
Cullen Frost Bankers, Inc.	1,476		73,977
CVB Financial Corp. (a)	2,922		34,187
Dime Community Bancorp, Inc.	1,590		23,802
Downey Financial Corp.	762		44,044
East West Bancorp, Inc.	1,213		43,619
Enterprise Financial Services Corp. (a)	664		16,162
F.N.B. Corp. (a)	2,103		34,784
Farmers Capital Bank Corp.	169		4,806
Fifth Third Bancorp	14,967		507,082
Financial Institutions, Inc.	88		1,591
First BanCorp Puerto Rico (a)	2,458		23,351
First Bancorp (a)	847		17,262
First Busey Corp. (a)	1,122		24,583
First Charter Corp.	168		5,069
First Citizens Bancshares, Inc.	287		50,053
First Commonwealth Financial Corp. (a)	497		5,497
First Community Bancorp	829		45,355
First Community Bancshares, Inc.	531		19,238
First Financial Corp. (a)	683		20,695
First Financial Holdings, Inc.	656		20,520
First Horizon National Corp. (a)	2,789		74,355
First Indiana Corp.	926		29,002
First Merchants Corp.	46		992
First Midwest BanCorp, Inc., Illinois	1,369		46,765
First Niagara Financial Group, Inc.	3,141		44,445
First of Long Island Corp.	143		2,778
First Place Financial Corp. (a)	833		14,744
First Regional Bancorp *	587		14,399
First South Bancorp, Inc. (a)	610		15,958
FirstFed Financial Corp. * (a)	486		24,081
FirstMerit Corp. (a)	2,354		46,515
Flagstar Bancorp, Inc. (a)	2,210		21,503
Flushing Financial Corp.	1,153		19,370
FNB Corp. of North Carolina	207		3,308
FNB Corp. of Virginia	18		542
Franklin Bank Corp. *	1,004		9,237
Frontier Financial Corp. (a)	1,442		33,642
GB&T Bancshares, Inc. (a)	1,107		14,668
Glacier Bancorp, Inc.	1,676		37,744

The accompanying notes are an integral part of the financial statements. 

393

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Greater Bay Bancorp	1,569	$	43,304
Greene County Bancshares, Inc.	676		24,640
Greenhill & Company, Inc.	829		50,610
Hancock Holding Company	1,005		40,280
Hanmi Financial Corp.	1,540		23,855
Harleysville National Corp. (a)	1,225		19,465
Heartland Financial USA, Inc. (a)	860		17,673
Heritage Commerce Corp.	803		17,000
Heritage Financial Group	60		830
Home Bancshares, Inc.	836		18,216
Home Federal Bancorp, Inc.	1,193		15,879
Horizon Financial Corp.	798		16,183
Hudson City Bancorp, Inc.	15,396		236,790
Huntington BancShares, Inc.	9,708		164,840
Independent Bank Corp. - MA	475		14,107
Independent Bank Corp. - MI	984		10,873
International Bancshares Corp.	2,049		44,463
KeyCorp	10,478		338,754
K-Fed Bancorp	980		12,907
Lakeland Bancorp, Inc. (a)	1,478		20,071
Lakeland Financial Corp.	83		1,918
M&T Bank Corp.	2,881		298,039
Macatawa Bank Corp. (a)	1,074		14,531
MainSource Financial Group, Inc. (a)	1,258		22,179
Marshall & Ilsley Corp.	6,572		287,656
MB Financial, Inc.	1,164		40,216
MBT Financial Corp. (a)	182		2,173
Mercantile Bank Corp.	615		13,198
MetroCorp Bancshares, Inc.	948		15,263
Midwest Banc Holdings, Inc. (a)	1,110		16,395
Nara Bancorp, Inc.	1,101		17,198
NASB Financial, Inc. (a)	529		18,991
National City Corp.	18,200		456,644
National Penn Bancshares, Inc. (a)	1,455		23,810
New York Community Bancorp, Inc. (a)	8,008		152,552
NewAlliance Bancshares, Inc. (a)	3,321		48,752
Northern Trust Corp.	5,805		384,697
Northwest Bancorp, Inc. (a)	1,641		46,703
OceanFirst Financial Corp.	1,092		19,034
Old National Bancorp	2,131		35,311
Old Second Bancorp, Inc.	720		20,520
Omega Financial Corp. (a)	801		21,154
Oriental Financial Group, Inc.	1,695		19,492
Oritani Financial Corp. *	1,515		23,998
Pacific Capital Bancorp (a)	1,461		38,424
Park National Corp. (a)	426		37,147
Partners Trust Financial Group, Inc.	1,977		24,060
Peapack Gladstone Financial Corp.	536		13,668
Peoples Bancorp, Inc.	861		22,541
PFF Bancorp, Inc.	97		1,488
Popular, Inc. (a)	6,547		80,397
PremierWest Bancorp	1,126		14,413

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
PrivateBancorp, Inc. (a)	690	$	24,040
Prosperity Bancshares, Inc.	1,274		42,246
Provident Bankshares Corp.	1,083		33,930
Provident Financial Services, Inc.	2,071		33,902
Provident New York Bancorp	1,586		20,792
Regions Financial Corp.	19,890		586,357
Renasant Corp.	750		16,222
Republic Bancorp, Inc., Class A	884		14,003
Rockville Financial, Inc. (a)	1,128		16,085
Roma Financial Corp.	1,320		22,572
Royal Bancshares of Pennsylvania (a)	1,024		22,446
S & T Bancorp, Inc.	971		31,159
S.Y. Bancorp, Inc. (a)	851		23,011
Sandy Spring Bancorp, Inc.	713		21,476
Santander Bancorp (a)	1,507		19,350
Seacoast Banking Corp. of Florida (a)	814		15,222
Security Bank Corp. (a)	912		11,418
Shore Bancshares, Inc. (a)	785		18,950
Signature Bank *	871		30,685
Simmons First National Corp., Class A	650		17,121
Smithtown Bancorp, Inc. (a)	703		16,338
Southside Bancshares, Inc.	97		2,143
Sovereign Bancorp, Inc.	13,248		225,746
State Bancorp, Inc.	1,046		17,050
Sterling Bancshares, Inc.	2,235		25,501
Sterling Financial Corp., PA	1,131		19,397
Sterling Financial Corp., Spokane	1,486		39,988
Suffolk Bancorp	19		609
Sun Bancorp, Inc. of New Jersey *	1,080		18,900
SunTrust Banks, Inc.	9,587		725,448
Susquehanna Bancshares, Inc. (a)	1,642		33,004
SVB Financial Group *	977		46,271
Synergy Financial Group, Inc.	1,361		20,633
TCF Financial Corp.	3,463		90,661
Texas Capital Bancshares, Inc. *	85		1,848
TFS Financial Corp *	9,823		127,110
The South Financial Group, Inc.	2,151		48,914
Tierone Corp.	87		2,303
Trico Bancshares	584		13,006
Trustmark Corp.	1,739		48,762
U.S.B. Holding Company, Inc.	1,139		26,459
UCBH Holdings, Inc.	2,882		50,377
Umpqua Holdings Corp.	1,696		33,937
Union Bankshares Corp.	743		16,874
UnionBanCal Corp.	3,773		220,381
United Bankshares, Inc.	1,213		36,924
United Community Banks, Inc. (a)	1,250		30,650
United Financial Bancorp, Inc.	103		1,293
Univest Corp. of Pennsylvania (a)	737		17,482
US Bancorp	47,172		1,534,505
Valley National Bancorp (a)	3,150		69,867
ViewPoint Financial Group	1,116		20,624

The accompanying notes are an integral part of the financial statements. 

394

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Vineyard National Bancorp Company (a)	811	$	13,560
Virginia Commerce Bancorp, Inc. *	978		14,025
Virginia Financial Group, Inc.	740		14,067
W Holding Company, Inc. (a)	5,273		11,812
Wachovia Corp.	51,351		2,575,253
Washington Federal, Inc.	2,272		59,663
Washington Trust Bancorp, Inc.	879		23,707
Webster Financial Corp.	1,461		61,537
West Bancorp.	1,249		19,384
West Coast Bancorp	634		18,012
Westamerica Bancorp (a)	860		42,837
Western Alliance Bancorp * (a)	806		18,997
Westfield Financial, Inc.	1,964		19,070
Whitney Holding Corp.	1,815		47,880
Willow Grove Bancorp, Inc.	1,391		17,290
Wilmington Trust Corp.	1,731		67,336
Wilshire Bancorp, Inc.	1,210		13,274
Wintrust Financial Corp.	818		34,920
Yardville National Bancorp	662		22,263
Zions Bancorp	2,849		195,641
			21,312,376
Biotechnology - 1.29%
Abraxis BioScience, Inc. *	4,767		108,831
Acorda Therapeutics, Inc. *	731		13,414
Affymetrix, Inc. *	1,958		49,675
Alnylam Pharmaceuticals, Inc. *	1,210		39,652
Amgen, Inc. *	29,281		1,656,426
Applera Corp. - Celera Genomics Group *	2,359		33,168
Applera Corp.	4,395		152,243
Arena Pharmaceuticals, Inc. *	1,883		20,619
Arqule, Inc. *	1,423		10,146
Bio Reference Labs, Inc. *	537		18,129
Biogen Idec, Inc. *	7,700		510,741
BioMimetic Therapeutics, Inc. *	705		9,405
Bio-Rad Laboratories, Inc., Class A *	773		69,957
Cephalon, Inc. *	1,597		116,677
Charles River Laboratories International, Inc. *	1,829		102,698
Coley Pharmaceutical Group, Inc. * (a)	1,450		4,553
Cytokinetics, Inc. *	2,095		10,726
Exelixis, Inc. *	3,023		32,014
Genentech, Inc. *	28,036		2,187,369
Genomic Health, Inc. *	897		17,213
Genvec, Inc. * (a)	2,883		6,775
Genzyme Corp. *	7,046		436,570
Geron Corp. * (a)	2,312		16,924
GTx, Inc. *	1,104		17,973
Human Genome Sciences, Inc. * (a)	4,053		41,705
Illumina, Inc. * (a)	1,747		90,634
Immucor, Inc. *	1,993		71,250
Integra LifeSciences Holdings Corp. * (a)	837		40,661
Intermune, Inc. * (a)	1,056		20,201

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Biotechnology (continued)
Invitrogen Corp. *	1,070	$	87,451
Keryx Biopharmaceuticals, Inc. *	1,631		16,212
Kosan Biosciences, Inc. *	1,938		9,709
Lexicon Genetics, Inc. *	3,882		13,432
Martek Biosciences Corp. * (a)	1,093		31,730
Medarex, Inc. *	3,755		53,171
Medivation, Inc. *	907		18,185
Metabasis Therapeutics, Inc. *	1,496		4,368
MGI Pharma, Inc. *	2,332		64,783
Millennium Pharmaceuticals, Inc. *	9,096		92,324
Millipore Corp. *	1,167		88,459
Momenta Pharmaceuticals, Inc. * (a)	1,174		13,372
Monogram Biosciences, Inc. * (a)	6,372		9,112
Myriad Genetics, Inc. *	1,289		67,221
Nabi Biopharmaceuticals * (a)	2,577		10,463
Nektar Therapeutics *	2,762		24,388
Neurocrine Biosciences, Inc. * (a)	1,366		13,660
Osiris Therapeutics, Inc. * (a)	965		12,429
Pharmanet Development Group, Inc. *	600		17,418
PRA International *	797		23,432
Progenics Pharmaceuticals, Inc. *	857		18,948
Regeneration Technologies, Inc. *	1,495		16,026
Sangamo Biosciences, Inc. * (a)	1,496		21,109
Techne Corp. *	729		45,985
Telik, Inc. * (a)	2,257		6,568
Tercica, Inc. * (a)	2,356		14,607
			6,700,911
Broadcasting - 0.92%
Acacia Research - Acacia Technologies *	1,102		16,177
Belo Corp., Class A	2,730		47,393
CBS Corp., Class B	18,234		574,371
Citadel Broadcasting Corp.	8,132		33,829
CKX, Inc. *	2,680		32,991
Clear Channel Communications, Inc.	13,230		495,331
Cox Radio, Inc., Class A *	1,499		19,562
Crown Media Holdings, Inc., Class A * (a)	3,574		25,697
Cumulus Media, Inc., Class A * (a)	1,922		19,643
Discovery Holding Company *	7,072		204,027
Emmis Communications Corp., Class A *	1,619		7,998
Entercom Communications Corp.	1,131		21,862
Entravision Communications Corp., Class A *	3,274		30,186
Fisher Communications, Inc. *	375		18,701
Gray Television, Inc.	1,676		14,229
Hearst Argyle Television, Inc.	2,641		68,560
Journal Communications, Inc.	671		6,361
Liberty Global, Inc., Class A * (a)	10,785		442,401
Liberty Media Corp. - Capital, Series A *	3,567		445,269
Mediacom Communications Corp., Class A *	3,494		24,633
New Frontier Media, Inc.	1,537		9,422
News Corp., Class A	85,893		1,888,787
Nexstar Broadcasting Group, Inc. *	1,128		11,833

The accompanying notes are an integral part of the financial statements. 

395

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Broadcasting (continued)
Radio One, Inc., Class A *	3,792	$	14,030
Salem Communications Corp., Class A *	1,338		10,704
Sinclair Broadcast Group, Inc., Class A (a)	2,506		30,172
Sirius Satellite Radio, Inc. * (a)	40,330		140,752
Westwood One, Inc.	3,216		8,844
World Wrestling Entertainment, Inc., Class A	1,405		21,188
XM Satellite Radio Holdings, Inc., Class A *	8,808		124,809
			4,809,762
Building Materials & Construction - 0.31%
American Standard Companies, Inc.	5,252		187,076
Apogee Enterprises, Inc.	889		23,061
Armstrong World Industries, Inc. *	1,536		62,346
Beacon Roofing Supply, Inc. * (a)	1,415		14,461
BlueLinx Holdings, Inc. (a)	1,290		9,082
Builders FirstSource, Inc. *	1,137		12,257
Drew Industries, Inc. *	675		27,459
Dycom Industries, Inc. *	1,168		35,776
Eagle Materials, Inc.	1,357		48,499
EMCOR Group, Inc. *	1,730		54,253
Foster Wheeler, Ltd. *	1,736		227,902
Granite Construction, Inc.	1,167		61,874
Griffon Corp. *	878		13,258
Interline Brands, Inc. *	979		22,507
KBR, Inc. *	3,888		150,738
Lennox International, Inc.	1,945		65,741
LSI Industries, Inc.	891		18,283
Masco Corp.	10,374		240,365
NCI Building Systems, Inc. * (a)	580		25,062
Owens Corning, Inc. * (a)	2,901		72,670
Perini Corp. *	762		42,619
RPM International, Inc.	3,357		80,400
Texas Industries, Inc. (a)	674		52,909
Trex Company, Inc. * (a)	600		6,672
U.S. Concrete, Inc. *	1,552		10,228
WCI Communities, Inc. * (a)	1,323		7,925
Williams Scotsman International, Inc. *	1,259		34,887
			1,608,310
Business Services - 1.80%
ABM Industries, Inc.	1,431		28,591
Accenture, Ltd., Class A	21,010		845,652
Acxiom Corp.	2,274		45,002
Administaff, Inc.	841		30,528
Affiliated Computer Services, Inc., Class A *	2,413		121,229
Alliance Data Systems Corp. *	1,961		151,860
AMERCO, Inc. * (a)	624		39,599
Arbitron, Inc.	845		38,312
Automatic Data Processing, Inc.	14,928		685,643
BearingPoint, Inc. *	6,095		24,685
Black Box Corp.	555		23,732
Bowne & Company, Inc.	63		1,050
Bright Horizons Family Solutions, Inc. *	804		34,443

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Brinks Company	1,339	$	74,823
Cadence Design Systems, Inc. *	6,922		153,599
Catalina Marketing Corp. *	1,319		42,722
CDI Corp.	645		17,983
Ceridian Corp. *	3,333		115,788
ChoicePoint, Inc. *	2,210		83,803
Coinstar, Inc. *	826		26,572
Compucredit Corp. *	1,448		31,436
Computer Sciences Corp. *	4,414		246,743
COMSYS IT Partners, Inc. *	677		11,380
Convergys Corp. *	3,095		53,729
Core-Mark Holding Company, Inc. *	447		15,748
Cornell Corrections, Inc. *	573		13,494
Corporate Executive Board Company	1,123		83,371
CoStar Group, Inc. *	612		32,711
CRA International, Inc. *	388		18,698
CSG Systems International, Inc. *	1,417		30,111
Deluxe Corp.	1,460		53,786
Diamond Management & Technology
Consultants, Inc.	1,208		11,114
DST Systems, Inc. *	1,816		155,831
Dun & Bradstreet Corp.	1,657		163,397
Electro Rent Corp.	1,061		14,865
Electronic Data Systems Corp.	13,975		305,214
Ennis Business Forms, Inc.	823		18,139
Equifax, Inc.	3,760		143,331
Euronet Worldwide, Inc. * (a)	1,160		34,533
Exponent, Inc. *	752		18,868
EZCORP, Inc., Class A *	1,341		18,036
FactSet Research Systems, Inc.	1,353		92,748
Fair Isaac Corp.	1,609		58,101
Fiserv, Inc. *	4,510		229,379
Fluor Corp.	2,219		319,492
Forrester Research, Inc. *	759		17,890
FTI Consulting, Inc. *	1,190		59,869
Gartner Group, Inc., Class A *	3,257		79,666
Gevity HR, Inc.	895		9,174
Global Cash Access, Inc. *	2,505		26,528
Global Payments, Inc.	2,240		99,053
GSI Commerce, Inc. * (a)	1,379		36,681
H & R Block, Inc.	8,294		175,667
Harte-Hanks, Inc.	2,145		42,214
Healthcare Services Group, Inc.	1,207		24,466
Heidrick & Struggles International, Inc. *	532		19,391
Hewitt Associates, Inc., Class A *	3,073		107,709
Hudson Highland Group, Inc. *	889		11,317
Huron Consulting Group, Inc. *	543		39,433
ICT Group, Inc. *	651		8,730
Informatica Corp. *	2,600		40,820
Insight Enterprises, Inc. *	1,497		38,638
Intervoice Brite, Inc. *	1,914		17,972
Iron Mountain, Inc. *	4,732		144,231

The accompanying notes are an integral part of the financial statements. 

396

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Jackson Hewitt Tax Service, Inc.	999	$	27,932
Jacobs Engineering Group, Inc. *	3,253		245,862
Kelly Services, Inc., Class A	1,113		22,048
Kendle International, Inc. *	481		19,976
Kenexa Corp. *	756		23,270
Kforce, Inc. *	1,316		16,924
Korn/Ferry International *	1,228		20,274
Labor Ready, Inc. *	1,566		28,987
LECG Corp. *	977		14,557
Manpower, Inc.	2,141		137,773
MAXIMUS, Inc.	669		29,155
McGrath Rentcorp	749		24,897
Michael Baker Corp. *	434		21,270
Moody's Corp.	7,629		384,502
MPS Group, Inc. *	3,047		33,974
Navigant Consulting Company * (a)	1,657		20,978
NCR Corp. *	4,604		229,279
On Assignment, Inc. *	1,236		11,544
Paychex, Inc.	10,103		414,223
Perot Systems Corp., Class A *	3,415		57,748
PHH Corp. *	1,499		39,394
Pitney Bowes, Inc.	5,637		256,033
Pre-Paid Legal Services, Inc. *	420		23,293
QC Holdings, Inc. (a)	963		13,915
Quest Software, Inc. *	2,958		50,759
R.H. Donnelley Corp. *	1,727		96,747
R.R. Donnelley & Sons Company	5,573		203,749
Resource America, Inc.	693		10,942
Resources Connection, Inc. *	1,426		33,012
Robert Half International, Inc.	4,154		124,038
Rollins, Inc.	1,986		53,006
SAIC, Inc. *	2,814		54,001
ScanSource, Inc. *	798		22,432
SonicWALL, Inc. *	2,222		19,398
Sotheby's	1,829		87,408
Source Interlink Companies *	2,192		7,716
Spherion Corp. *	1,978		16,338
SRA International, Inc., Class A *	1,633		45,855
Standard Parking Corp. *	426		16,951
Stanley, Inc. *	916		25,236
SYNNEX Corp. *	989		20,334
Syntel, Inc.	1,212		50,395
TeleTech Holdings, Inc. *	1,997		47,748
Tetra Tech, Inc. *	1,763		37,235
Total Systems Services, Inc. (a)	4,919		136,650
Tyler Technologies, Inc. *	1,385		18,490
Unisys Corp. *	9,970		66,001
URS Corp. *	1,451		81,909
Viad Corp.	648		23,328
Volt Information Sciences, Inc. *	717		12,648
Waste Industries USA	591		16,914
Watson Wyatt Worldwide, Inc., Class A	1,189		53,434

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Wind River Systems, Inc. *	2,767	$	32,568
			9,342,370
Cable & Television - 1.49%
Cablevision Systems Corp., Class A *	7,537		263,343
Charter Communications, Inc., Class A *	12,210		31,502
Comcast Corp., Class A *	84,243		2,036,996
DIRECTV Group, Inc. *	32,799		796,360
E.W. Scripps Company, Class A	3,950		165,900
EchoStar Communications Corp., Class A *	11,938		558,818
Gemstar-TV Guide International, Inc. *	12,584		87,584
Knology, Inc. *	1,190		19,909
Lin TV Corp. *	1,654		21,518
LodgeNet Entertainment Corp. *	636		16,129
Outdoor Channel Holdings, Inc. *	1,299		11,730
Time Warner Cable, Inc. *	26,275		861,820
Time Warner Telecom, Inc., Class A *	4,094		89,945
Time Warner, Inc.	100,839		1,851,404
TiVo, Inc. * (a)	3,219		20,441
Viacom, Inc., Class B *	18,515		721,529
Virgin Media, Inc.	8,366		203,043
			7,757,971
Cellular Communications - 0.66%
ALLTEL Corp.	9,791		682,237
Brightpoint, Inc. *	1,556		23,356
Crown Castle International Corp. *	7,416		301,312
Dobson Communications Corp., Class A *	5,000		63,950
iPCS, Inc. *	514		17,676
Leap Wireless International, Inc. *	1,646		133,935
Metropcs Communications, Inc. * (a)	9,352		255,123
Motorola, Inc.	65,141		1,207,063
NII Holdings, Inc. *	4,309		353,984
Novatel Wireless, Inc. *	968		21,925
RF Micro Devices, Inc. *	5,698		38,348
Rural Cellular Corp., Class A *	547		23,794
SunCom Wireless Holdings, Inc. *	1,767		45,589
Syniverse Holdings, Inc. *	2,124		33,772
Telephone & Data Systems, Inc.	2,920		194,910
USA Mobility, Inc.	920		15,520
			3,412,494
Chemicals - 1.41%
A. Schulman, Inc.	885		17,461
Aceto Corp.	1,602		14,418
Air Products & Chemicals, Inc.	5,749		562,022
Airgas, Inc.	2,182		112,657
Albany Molecular Research, Inc. *	180		2,718
Albemarle Corp.	2,130		94,146
American Vanguard Corp. (a)	982		19,169
Arch Chemicals, Inc.	744		34,879
Ashland, Inc.	1,682		101,273
Balchem Corp.	759		15,491
Cabot Corp.	1,394		49,529

The accompanying notes are an integral part of the financial statements. 

397

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chemicals (continued)
Calgon Carbon Corp. * (a)	1,596	$	22,280
Cambrex Corp.	856		9,322
Celanese Corp., Series A	4,460		173,851
CF Industries Holdings, Inc.	1,583		120,165
Chemtura Corp.	6,980		62,052
Cytec Industries, Inc.	1,286		87,950
Dow Chemical Company	26,036		1,121,110
E.I. Du Pont de Nemours & Company	24,847		1,231,417
Eastman Chemical Company	1,928		128,655
Ferro Corp.	1,253		25,035
FMC Corp.	1,652		85,937
Georgia Gulf Corp. (a)	1,154		16,041
H.B. Fuller Company	1,738		51,584
Hercules, Inc.	3,241		68,126
Huntsman Corp.	5,292		140,185
Innophos Holdings, Inc.	922		14,051
Kronos Worldwide, Inc.	1,461		27,584
Landec Corp. *	1,071		16,558
Lubrizol Corp.	1,589		103,380
Lyondell Chemical Company	6,428		297,938
Metabolix, Inc. *	695		16,861
Minerals Technologies, Inc.	559		37,453
Newmarket Corp.	533		26,319
Nl Industries, Inc. (a)	1,781		20,179
Olin Corp.	2,206		49,370
OM Group, Inc. *	856		45,205
PolyOne Corp. *	3,022		22,574
PPG Industries, Inc.	4,312		325,772
Praxair, Inc.	8,785		735,832
Quaker Chemical Corp.	725		17,052
Rockwood Holdings, Inc. *	2,132		76,390
Rohm & Haas Company	5,677		316,039
Sensient Technologies Corp.	1,417		40,909
Sigma-Aldrich Corp.	3,585		174,733
Stepan Company	567		17,526
Terra Industries, Inc. *	2,725		85,183
Terra Nitrogen Company, LP	555		70,391
The Scotts Company, Class A	1,399		59,807
Tronox, Inc., Class A	1,586		14,750
UAP Holding Corp.	1,525		47,824
Valhi, Inc. (a)	3,355		79,681
Valspar Corp.	2,787		75,834
W. R. Grace & Company *	1,990		53,451
Westlake Chemical Corp. (a)	1,895		48,000
Zoltek Companies, Inc. *	817		35,646
			7,319,765
Coal - 0.18%
Alliance Holdings GP LP	1,719		41,393
Alpha Natural Resources, Inc. *	1,953		45,368
Arch Coal, Inc.	3,532		119,170
CONSOL Energy, Inc.	4,741		220,931

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Coal (continued)
Foundation Coal Holdings, Inc.	1,332	$	52,214
International Coal Group, Inc. * (a)	4,947		21,965
Massey Energy Company	2,348		51,233
Peabody Energy Corp.	7,084		339,111
Penn Virginia Resource Partners LP *	1,332		36,497
			927,882
Colleges & Universities - 0.04%
Career Education Corp. *	2,106		58,947
Corinthian Colleges, Inc. *	2,637		41,955
ITT Educational Services, Inc. *	985		119,864
			220,766
Commercial Services - 0.16%
CB Richard Ellis Group, Inc. *	5,806		161,639
CBIZ, Inc. *	2,619		20,821
Cenveo, Inc. *	1,585		34,284
Chemed Corp.	774		48,112
Coinmach Service Corp.	559		6,702
DynCorp International, Inc. *	1,682		38,871
Exlservice Holdings, Inc. *	919		19,538
First Advantage Corp., Class A *	1,878		33,184
Great Lakes Dredge & Dock Company *	1,642		14,384
HMS Holdings Corp. *	816		20,082
Live Nation, Inc. *	1,912		40,630
Macquarie Infrastructure Company LLC	993		38,320
Morningstar, Inc. *	1,156		70,978
Perficient, Inc. *	869		19,005
Pool Corp. (a)	1,450		36,221
Providence Service Corp. *	554		16,266
Shaw Group, Inc. *	2,270		131,887
Team, Inc. *	726		19,878
TNS, Inc. *	1,236		19,850
Wright Express Corp. *	1,219		44,481
			835,133
Computers & Business Equipment - 4.79%
3Com Corp. *	11,943		58,998
3D Systems Corp. * (a)	736		17,384
Acme Packet, Inc. * (a)	1,854		28,589
Agilysys, Inc. (a)	989		16,714
Apple, Inc. *	23,138		3,552,608
Avanex Corp. * (a)	7,494		12,290
Avocent Corp. *	1,518		44,204
Benchmark Electronics, Inc. *	2,070		49,411
BigBand Networks, Inc. * (a)	1,689		10,810
Blue Coat Systems, Inc. *	460		36,230
Brocade Communications Systems, Inc. *	11,421		97,764
CACI International, Inc., Class A *	866		44,244
CDW Corp. *	1,949		169,953
Cisco Systems, Inc. *	163,400		5,410,174
Cogent, Inc. *	2,887		45,268
Cognizant Technology Solutions Corp.,
Class A *	3,735		297,941

The accompanying notes are an integral part of the financial statements. 

398

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
Cray, Inc. *	1,124	$	8,093
Dell, Inc. *	61,193		1,688,927
Diebold, Inc.	1,764		80,121
Digi International, Inc. *	1,129		16,077
Echelon Corp. * (a)	1,365		34,139
Electronics for Imaging, Inc. *	1,680		45,125
EMC Corp. *	59,436		1,236,269
EMS Technologies, Inc. *	758		18,594
Extreme Networks, Inc. *	4,335		16,646
Falconstor Software, Inc. * (a)	1,665		20,063
Foundry Networks, Inc. *	4,199		74,616
Gateway, Inc. *	11,638		21,879
Hewlett-Packard Company	70,575		3,513,929
Hypercom Corp. *	2,283		10,319
IHS, Inc., Class A *	1,699		95,976
Immersion Corp. *	1,182		19,361
Ingram Micro, Inc., Class A *	3,642		71,420
InPhonic, Inc. * (a)	1,417		3,897
Intermec, Inc. * (a)	1,879		49,079
Internap Network Services Corp. *	1,494		21,170
International Business Machines Corp.	36,800		4,335,040
Isilon Systems, Inc. *	1,888		14,538
Ixia *	2,255		19,664
Jack Henry & Associates, Inc.	2,624		67,857
Juniper Networks, Inc. *	15,176		555,593
L-1 Identity Solutions, Inc. *	2,141		40,358
Lexmark International, Inc. *	2,357		97,886
Micros Systems, Inc. *	1,117		72,683
Mindspeed Technologies, Inc. * (a)	5,134		8,522
MTS Systems Corp.	582		24,211
National Instruments Corp.	2,281		78,307
NETGEAR, Inc. *	980		29,812
Netscout Systems, Inc. *	1,559		16,993
Network Appliance, Inc. *	9,937		267,405
Palm, Inc. *	2,964		48,224
Parametric Technology Corp. *	3,287		57,260
Plexus Corp. *	1,441		39,483
Quantum Corp. *	6,775		23,035
Rackable Systems, Inc. *	1,013		13,139
Radiant Systems, Inc. *	1,129		17,872
RadiSys Corp. *	921		11,466
Rimage Corp. *	490		10,996
SanDisk Corp. *	5,934		326,963
Seagate Technology	14,389		368,071
SI International, Inc. *	529		15,114
Sigma Designs, Inc. *	720		34,733
Silicon Graphics, Inc. * (a)	457		9,026
Silicon Storage Technology, Inc. *	3,647		11,743
Smart Modular Technologies (WWH), Inc. *	1,749		12,505
Sonic Solutions * (a)	988		10,344
Standard Microsystems Corp. *	690		26,510

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
STEC, Inc. *	1,569	$	11,971
Stratasys, Inc. *	672		18,520
Sun Microsystems, Inc. *	97,431		546,588
Super Micro Computer, Inc. *	1,155		11,273
Sykes Enterprises, Inc. *	1,248		20,729
Synaptics, Inc. *	775		37,014
Tech Data Corp. *	1,582		63,470
Trident Microsystems, Inc. *	1,654		26,282
Western Digital Corp. *	5,182		131,208
Xerox Corp. *	26,099		452,557
			24,923,247
Construction & Mining Equipment - 0.25%
A.S.V., Inc. * (a)	982		13,777
Astec Industries, Inc. *	649		37,285
Buckeye Partners LP * (a)	1,103		53,981
Bucyrus International, Inc., Class A	889		64,835
Carbo Ceramics, Inc. (a)	761		38,605
Gulf Islands Fabrication, Inc.	535		20,539
Joy Global, Inc.	2,723		138,492
Kaman Corp., Class A	818		28,270
Layne Christensen Company *	514		28,517
Matrix Service Company *	756		15,838
National Oilwell Varco, Inc. *	4,728		683,196
Rowan Companies, Inc.	3,019		110,435
Washington Group International, Inc. *	823		72,268
			1,306,038
Construction Materials - 0.20%
Ameron International Corp.	283		29,933
Applied Industrial Technologies, Inc.	1,338		41,251
Clarcor, Inc.	1,476		50,494
Columbus McKinnon Corp. *	640		15,930
Comfort Systems USA, Inc.	1,365		19,383
Florida Rock Industries, Inc.	1,550		96,859
Louisiana-Pacific Corp. (a)	2,956		50,163
Martin Marietta Materials, Inc.	1,135		151,579
Sherwin-Williams Company	3,428		225,254
Simpson Manufacturing Company, Inc.	1,439		45,832
Universal Forest Products, Inc.	590		17,641
USG Corp. * (a)	2,127		79,869
Vulcan Materials Company	2,470		220,200
			1,044,388
Containers & Glass - 0.18%
Ball Corp.	2,855		153,456
Bemis Company, Inc.	2,662		77,491
Graphic Packaging Corp. *	6,396		28,910
Greif, Inc., Class A	1,311		79,551
Mobile Mini, Inc. *	1,081		26,117
Owens-Illinois, Inc. *	3,750		155,438
Packaging Corp. of America	2,644		76,861
Pactiv Corp. *	3,074		88,101

The accompanying notes are an integral part of the financial statements. 

399

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Containers & Glass (continued)
Sealed Air Corp.	3,919	$	100,170
Silgan Holdings, Inc.	1,091		58,641
Sonoco Products Company	2,655		80,128
TAL International Group, Inc.	1,012		25,371
			950,235
Correctional Facilities - 0.02%
Corrections Corp. of America *	3,400		88,978
The Geo Group, Inc. *	730		21,615
			110,593
Cosmetics & Toiletries - 1.73%
Alberto-Culver Company	2,583		64,033
Avon Products, Inc.	11,981		449,647
Bare Escentuals, Inc. *	2,019		50,213
Chattem, Inc. * (a)	529		37,305
Colgate-Palmolive Company	13,856		988,210
Elizabeth Arden, Inc. *	1,001		26,987
Estee Lauder Companies, Inc., Class A	5,349		227,119
Helen of Troy, Ltd. *	889		17,167
Intermediate Parfums, Inc.	832		19,693
International Flavors & Fragrances, Inc.	2,047		108,204
Kimberly-Clark Corp.	12,199		857,102
Nu Skin Enterprises, Inc., Class A	2,082		33,645
Physicians Formula Holdings, Inc. *	676		7,929
Playtex Products, Inc. *	1,992		36,414
Procter & Gamble Company	85,141		5,988,818
Revlon, Inc., Class A * (a)	16,608		19,099
Sally Beauty Holdings, Inc. *	5,185		43,813
Steiner Leisure, Ltd. *	501		21,743
			8,997,141
Crude Petroleum & Natural Gas - 1.67%
Allis-Chalmers Energy, Inc. * (a)	1,028		19,470
Apache Corp.	8,783		790,997
Arena Resources, Inc. * (a)	439		28,754
Bill Barrett Corp. * (a)	1,313		51,745
Bois d'Arc Energy, Inc. *	2,151		41,235
Cabot Oil & Gas Corp.	2,697		94,827
Carrizo Oil & Gas, Inc. * (a)	768		34,452
Chesapeake Energy Corp.	12,453		439,093
Cimarex Energy Company	2,198		81,875
CNX Gas Corp. * (a)	3,661		105,327
Contango Oil & Gas Company * (a)	570		20,634
Devon Energy Corp.	11,961		995,155
Edge Petroleum Corp. * (a)	1,109		14,240
Endeavour International Corp. *	7,083		8,004
EOG Resources, Inc.	6,445		466,167
EXCO Resources, Inc. *	3,046		50,381
Forest Oil Corp. *	1,695		72,953
FX Energy, Inc. * (a)	1,670		12,441
Genesis Energy LP	533		14,844
GMX Resources, Inc. * (a)	481		15,474
Goodrich Petroleum Corp. * (a)	854		27,072

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Crude Petroleum & Natural Gas
(continued)
Gulfport Energy Corp. *	1,214	$	28,723
Harvest Natural Resources, Inc. *	1,643		19,617
Marathon Oil Corp.	18,908		1,078,134
MarkWest Hydrocarbon, Inc.	366		21,276
Newfield Exploration Company *	3,164		152,378
Noble Energy, Inc.	4,493		314,690
Occidental Petroleum Corp.	22,942		1,470,123
Parallel Petroleum Corp. *	1,145		19,454
Patterson-UTI Energy, Inc.	3,713		83,802
Penn Virginia Corp.	1,080		47,498
Petroquest Energy, Inc. *	1,625		17,436
Pioneer Natural Resources Company	3,005		135,165
Plains Exploration & Production Company *	1,611		71,238
Pogo Producing Company	1,553		82,480
Quest Resource Corp. *	1,485		14,330
Quicksilver Resources, Inc. * (a)	1,731		81,444
Southwestern Energy Company *	4,258		178,197
SulphCo, Inc. * (a)	2,556		22,493
Sunoco, Inc.	3,174		224,656
Swift Energy Company *	852		34,864
TEPPCO Partners LP (a)	1,995		75,950
Toreador Resources Corp. * (a)	720		8,518
TXCO Resources, Inc. *	1,406		12,598
Ultra Petroleum Corp. *	3,857		239,288
Unit Corp. *	1,258		60,887
Vaalco Energy, Inc. *	2,317		10,589
Venoco, Inc. *	1,317		22,587
W&T Offshore, Inc.	2,184		53,246
Western Refining, Inc. (a)	1,952		79,212
Whiting Petroleum Corp. *	1,078		47,917
XTO Energy, Inc.	9,832		608,011
			8,701,941
Diversified Financial Services - 0.03%
Icahn Enterprises LP *	1,530		178,398
Domestic Oil - 0.32%
Atlas America, Inc.	877		45,280
Berry Petroleum Company, Class A	1,327		52,536
BP Prudhoe Bay Royalty Trust	440		33,048
Brigham Exploration Company *	2,301		13,645
Comstock Resources, Inc. *	1,286		39,660
Continental Resources, Inc. *	4,415		80,088
Delta Petroleum Corp. * (a)	1,714		30,766
Denbury Resources, Inc. *	3,315		148,147
Dorchester Minerals LP *	306		6,227
Double Eagle Petroleum & Mining Company * (a)	749		13,415
Encore Aquisition Company *	1,617		51,178
Energy Partners, Ltd. *	1,053		15,458
EnergySouth, Inc. (a)	103		5,193
Enterprise Products Partners LP	12,042		364,271
Frontier Oil Corp.	2,568		106,932

The accompanying notes are an integral part of the financial statements. 

400

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Domestic Oil (continued)
Helix Energy Solutions Group, Inc. *	2,588	$	109,886
Holly Corp.	1,262		75,505
Mariner Energy, Inc. *	2,543		52,666
McMoran Exploration Company * (a)	1,203		16,180
Meridian Resource Corp. *	4,835		11,991
Oil States International, Inc. *	1,404		67,813
Range Resources Corp.	3,337		135,682
St. Mary Land & Exploration Company	1,513		53,969
Stone Energy Corp. *	956		38,250
Sunoco Logistics Partners LP * (a)	825		42,199
Union Drilling, Inc. *	1,020		14,872
Warren Resources, Inc. *	1,796		22,522
Williams Clayton Energy, Inc. *	539		17,787
			1,665,166
Drugs & Health Care - 0.53%
Abaxis, Inc. *	723		16,231
Abiomed, Inc. * (a)	1,254		15,587
Acadia Pharmaceuticals, Inc. * (a)	1,206		18,150
Accelrys, Inc. *	2,140		14,659
Alpharma Inc., Class A	1,627		34,753
Ariad Pharmaceuticals, Inc. * (a)	2,784		12,890
Arrow International, Inc.	1,346		61,230
BioMarin Pharmaceutical, Inc. *	2,722		67,778
Candela Corp. *	1,035		8,787
CV Therapeutics, Inc. * (a)	2,109		18,939
Datascope Corp.	558		18,866
Dendreon Corp. * (a)	2,443		18,787
Durect Corp. * (a)	2,937		16,095
Gentiva Health Services, Inc. *	919		17,654
Hansen Medical, Inc. *	815		22,095
I-Flow Corp. * (a)	949		17,642
ImClone Systems, Inc. *	2,389		98,761
Immunogen, Inc. *	2,179		10,132
Immunomedics, Inc. *	2,368		5,423
Invacare Corp.	1,176		27,495
K-V Pharmaceutical Company, Class A *	1,449		41,441
Landauer, Inc.	396		20,180
Luminex Corp. *	1,163		17,538
Mannatech, Inc. (a)	980		7,938
Matria Healthcare, Inc. *	713		18,652
Maxygen, Inc. *	1,541		10,494
Medical Action, Inc. *	640		15,142
Mentor Corp. (a)	1,233		56,780
Meridian Bioscience, Inc.	1,225		37,142
Molina Healthcare, Inc. *	814		29,524
Neurogen Corp. *	1,842		8,178
OraSure Technologies, Inc. *	1,961		19,708
Pain Therapeutics, Inc. * (a)	1,748		16,344
Parexel International Corp. *	797		32,892
Perrigo Company	2,754		58,798
Quidel Corp. *	1,151		22,514

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Drugs & Health Care (continued)
Res-Care, Inc. *	987	$	22,543
Savient Pharmaceuticals, Inc. *	1,680		24,444
Seattle Genetics, Inc. *	1,805		20,288
Third Wave Technologies, Inc. *	2,284		19,711
Vital Signs, Inc.	412		21,482
Vivus, Inc. *	2,293		11,373
West Pharmaceutical Services, Inc.	942		39,244
Wyeth	35,837		1,596,538
XenoPort, Inc. *	744		35,005
Zymogenetics, Inc. *	2,284		29,806
			2,755,653
Educational Services - 0.10%
Apollo Group, Inc., Class A *	4,474		269,111
Capella Education Co. *	508		28,402
DeVry, Inc.	2,026		74,982
INVESTools, Inc. *	1,967		23,781
Leapfrog Enterprises, Inc., Class A * (a)	2,159		17,812
Lincoln Educational Services Corp. * (a)	950		12,388
Renaissance Learning, Inc. (a)	1,162		14,049
Strayer Education, Inc.	399		67,283
Universal Technical Institute, Inc. * (a)	890		16,020
			523,828
Electrical Equipment - 0.56%
A.O. Smith Corp.	903		39,624
Aaon, Inc.	903		17,816
American Science & Engineering, Inc. (a)	311		19,487
AMETEK, Inc.	2,950		127,499
Anaren, Inc. *	800		11,280
Anixter International, Inc. *	1,096		90,365
Audiovox Corp., Class A *	1,207		12,420
AZZ, Inc. *	436		15,243
Baldor Electric Company	1,202		48,020
Cohu, Inc.	860		16,125
Coleman Cable, Inc. *	604		8,359
Cooper Industries, Ltd., Class A	8,433		430,842
DTS, Inc. *	719		21,836
Emerson Electric Company	21,764		1,158,280
Encore Wire Corp. (a)	728		18,295
Excel Technology, Inc. *	644		16,068
FLIR Systems, Inc. *	1,402		77,657
Genlyte Group, Inc. *	788		50,637
GrafTech International, Ltd. *	3,091		55,143
Greatbatch, Inc. *	686		18,241
Houston Wire & Cable Company (a)	698		12,641
Hubbell, Inc., Class B	1,653		94,419
Lamson & Sessions Company *	565		15,232
Littelfuse, Inc. *	671		23,948
Methode Electronics, Inc.	1,289		19,399
Molex, Inc.	5,208		140,251
Plug Power, Inc. * (a)	4,305		13,346
Powell Industries, Inc. *	471		17,846

The accompanying notes are an integral part of the financial statements. 

401

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued (showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Equipment (continued)
Power-One, Inc. * (a)	3,350	$	17,085
Preformed Line Products Company (a)	360		18,727
Tektronix, Inc.	1,659		46,021
Universal Electronics, Inc. *	533		17,323
Varian, Inc. *	879		55,913
Vicor Corp.	1,564		18,956
W.H. Brady Company, Class A	1,563		56,080
Watsco, Inc.	805		37,376
Wesco International, Inc. *	1,367		58,699
			2,916,499
Electrical Utilities - 2.33%
Allegheny Energy, Inc. *	4,307		225,084
Allete, Inc.	940		42,074
Alliant Energy Corp.	2,739		104,958
Ameren Corp.	5,634		295,785
American Electric Power Company, Inc.	10,633		489,969
Avista Corp.	1,662		33,822
Black Hills Corp.	493		20,223
CenterPoint Energy, Inc. (a)	8,765		140,503
Central Vermont Public Service Corp. (a)	521		19,037
Cleco Corp.	1,771		44,753
CMS Energy Corp.	6,338		106,605
Connecticut Water Service, Inc. (a)	575		13,317
Consolidated Edison, Inc.	7,067		327,202
Constellation Energy Group	4,799		411,706
Dominion Resources, Inc. (a)	7,811		658,467
DPL, Inc.	3,157		82,903
DTE Energy Company	4,493		217,641
Dynegy, Inc., Class A *	21,718		200,674
Edison International	8,796		487,738
El Paso Electric Company *	1,474		34,094
Empire District Electric Company	201		4,540
Entergy Corp.	5,562		602,309
Exelon Corp.	17,976		1,354,671
FirstEnergy Corp.	8,553		541,747
FPL Group, Inc.	10,851		660,609
Great Plains Energy, Inc.	2,242		64,592
Hawaiian Electric Industries, Inc. (a)	2,308		50,107
IDACORP, Inc. (a)	1,276		41,776
Integrys Energy Group, Inc.	1,928		98,771
ITC Holdings Corp.	1,254		62,136
MGE Energy, Inc.	740		24,746
Mirant Corp. *	6,803		276,746
Northeast Utilities	3,609		103,109
NorthWestern Corp.	1,137		30,892
NSTAR	2,946		102,550
OGE Energy Corp.	2,471		81,790
Otter Tail Corp. (a)	884		31,515
Pepco Holdings, Inc.	4,535		122,808
PG&E Corp.	9,431		450,802
Pike Electric Corp. *	989		18,554

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
Pinnacle West Capital Corp.	2,684	$	106,045
PNM Resources, Inc.	2,144		49,912
Portland General Electric Company	1,867		51,903
PPL Corp.	10,242		474,205
Public Service Enterprise Group, Inc.	6,736		592,701
Puget Energy, Inc.	3,147		77,007
Quanta Services, Inc. *	4,790		126,702
Reliant Energy, Inc. *	8,893		227,661
Sierra Pacific Resources	6,404		100,735
TECO Energy, Inc.	4,688		77,024
The AES Corp. *	17,727		355,249
The Southern Company	19,729		715,768
UIL Holding Corp.	756		23,814
Unisource Energy Corp.	1,058		31,624
Unitil Corp.	302		8,909
Westar Energy, Inc.	2,507		61,572
Wisconsin Energy Corp.	3,163		142,430
Xcel Energy, Inc.	10,401		224,037
			12,128,623
Electronics - 0.99%
Adaptec, Inc. *	4,329		16,537
Agilent Technologies, Inc. *	10,998		405,606
Amphenol Corp., Class A	4,891		194,466
Anadigics, Inc. * (a)	1,721		31,116
Analogic Corp.	419		26,715
Arrow Electronics, Inc. *	2,840		120,757
Avnet, Inc. *	3,648		145,409
AVX Corp.	3,951		63,611
Axsys Technologies, Inc. *	750		23,220
Bel Fuse, Inc., Class B	449		15,562
Belden, Inc.	1,246		58,450
Checkpoint Systems, Inc. *	1,166		30,771
CTS Corp.	1,359		17,531
Cubic Corp.	235		9,910
Cynosure, Inc. *	415		15,313
Daktronics, Inc.	1,186		32,283
Dolby Laboratories, Inc., Class A *	2,523		87,851
DRS Technologies, Inc.	1,089		60,026
Electro Scientific Industries, Inc. *	968		23,193
Enersys *	1,439		25,571
FEI Company *	1,021		32,090
Franklin Electric, Inc. (a)	719		29,558
Garmin, Ltd. (a)	5,738		685,117
Harman International Industries, Inc.	1,667		144,229
Hutchinson Technology, Inc. * (a)	874		21,500
II-VI, Inc. *	898		31,008
Imation Corp.	1,021		25,045
Integrated Electrical Services, Inc. *	564		14,444
Integrated Silicon Solution, Inc. *	2,316		14,591
IPG Photonics Corp. *	1,327		26,089
Itron, Inc. * (a)	731		68,034

The accompanying notes are an integral part of the financial statements. 

402

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics (continued)
Jabil Circuit, Inc.	6,031	$	137,748
Kemet Corp. *	2,827		20,778
L-3 Communications Holdings, Inc.	3,233		330,219
LoJack Corp. *	713		13,518
Measurement Specialties, Inc. *	609		16,991
Medis Technologies, Ltd. * (a)	1,116		14,508
Mentor Graphics Corp. *	2,461		37,161
Mercury Computer Systems, Inc. *	1,135		11,668
MoSys, Inc. * (a)	1,460		10,308
Multi-Fineline Electronix, Inc. *	955		14,163
Newport Corp. *	1,337		20,363
OSI Systems, Inc. *	625		14,069
Park Electrochemical Corp.	692		23,237
Rogers Corp. *	559		23,025
Sanmina-SCI Corp. *	15,896		33,700
SiRF Technology Holdings, Inc. *	1,529		32,644
Solectron Corp. *	21,091		82,255
Stoneridge, Inc. *	1,083		11,047
Supertex, Inc. *	459		18,305
Sycamore Networks, Inc. *	8,872		36,109
Synopsys, Inc. *	3,350		90,718
Syntax-Brillian Corp. * (a)	1,995		8,120
Taser International, Inc. * (a)	2,096		32,886
Technitrol, Inc.	1,224		32,987
Teleflex, Inc.	1,065		82,985
Thermo Fisher Scientific, Inc. *	10,954		632,265
Thomas & Betts Corp. *	1,324		77,639
Trimble Navigation, Ltd. *	2,659		104,259
TTM Technologies, Inc. *	1,448		16,753
Tyco Electronics, Ltd.	13,338		472,548
Universal Display Corp. * (a)	1,093		19,368
Vishay Intertechnology, Inc. *	4,086		53,241
X-Rite, Inc.	1,267		18,295
Zebra Technologies Corp., Class A *	1,980		72,250
Zoran Corp. *	1,517		30,643
Zygo Corp. *	922		12,014
			5,154,390
Energy - 0.81%
Alon USA Energy, Inc.	1,343		45,367
Aventine Renewable Energy Holdings, Inc. * (a)	1,326		14,016
Calumet Specialty Products Partners LP *	849		41,737
Covanta Holding Corp. *	3,628		88,922
Duke Energy Corp.	34,162		638,488
Energen Corp.	1,964		112,184
Energy Conversion Devices, Inc. * (a)	1,178		26,764
Energy East Corp.	3,879		104,927
Evergreen Energy, Inc. * (a)	2,740		13,974
Evergreen Solar, Inc. *	2,144		19,146
First Solar, Inc. *	1,979		233,007
Fuelcell Energy, Inc. * (a)	2,314		20,687
GeoMet, Inc. * (a)	1,628		8,287

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Headwaters, Inc. *	1,251	$	18,615
Horizon Offshore, Inc. *	1,107		18,265
McDermott International, Inc. *	5,650		305,552
MDU Resources Group, Inc.	4,248		118,264
New Jersey Resources Corp.	767		38,036
NRG Energy, Inc. *	6,452		272,855
ONEOK Partners LP	1,981		117,790
Ormat Technologies, Inc. (a)	1,154		53,476
Pacific Ethanol, Inc. * (a)	1,283		12,342
Progress Energy, Inc.	6,585		308,507
Rosetta Resources, Inc. *	1,512		27,730
SCANA Corp.	3,115		120,675
Sempra Energy	6,936		403,120
SunPower Corp., Class A. * (a)	1,747		144,687
TXU Corp.	12,316		843,277
US BioEnergy Corp. * (a)	1,977		15,243
VeraSun Energy Corp. * (a)	2,186		24,046
Verenium Corp. * (a)	1,901		10,037
			4,220,023
Financial Services - 8.19%
A.G. Edwards, Inc.	1,850		154,938
ACA Capital Holdings, Inc. * (a)	1,219		7,424
Advance America Cash Advance Centers, Inc.	2,424		25,864
Advanta Corp., Class B	1,254		34,385
Affiliated Managers Group, Inc. * (a)	834		106,343
AllianceBernstein Holding LP *	2,125		187,149
American Express Company	32,101		1,905,836
AmeriCredit Corp. *	3,354		58,963
Ameriprise Financial, Inc.	6,552		413,497
Asset Acceptance Capital Corp. *	1,236		14,338
Asta Funding, Inc. (a)	433		16,593
Authorize.Net Holdings, Inc. *	986		17,383
Bank of New York Mellon Corp.	30,348		1,339,561
Bankrate, Inc. * (a)	554		25,550
Bear Stearns Companies, Inc.	3,200		392,992
Blackrock, Inc., Class A	3,136		543,814
Broadridge Financial Solutions, Inc.	2,937		55,656
Calamos Asset Management, Inc.	810		22,866
Capital One Financial Corp.	11,020		732,059
CapitalSource, Inc. (a)	4,148		83,956
Cass Information Systems, Inc. (a)	461		16,490
Centerline Holding Company (a)	1,692		25,972
Charles Schwab Corp.	34,199		738,698
CIT Group, Inc.	5,300		213,060
Citigroup, Inc.	133,423		6,226,851
Clayton Holdings, Inc. *	734		5,879
CME Group, Inc. (a)	1,449		851,070
Cohen & Steers, Inc.	1,132		41,918
Countrywide Financial Corp.	15,933		302,886
Credit Acceptance Corp. * (a)	927		21,414
Cross Timbers Royalty Trust	168		6,710

The accompanying notes are an integral part of the financial statements. 

403

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Delphi Financial Group, Inc.	915	$	36,984
Discover Financial Services *	14,204		295,443
Dollar Financial Corp. *	740		21,112
E*TRADE Financial Corp. *	11,227		146,625
Eaton Vance Corp.	3,095		123,676
Epoch Holding Corp. *	769		10,828
FCStone Group, Inc. *	789		25,461
Federal Agricultural Mortgage Corp., Class C	542		15,913
Federal Home Loan Mortgage Corp.	18,523		1,093,042
Federal National Mortgage Association	26,006		1,581,425
Federated Investors, Inc., Class B	2,886		114,574
Fidelity National Financial, Inc., Class A	6,082		106,313
Fidelity National Information Services, Inc.	5,205		230,946
Financial Federal Corp.	827		23,164
Fortress Investment Group LLC., Class A (a)	10,945		233,347
Franklin Resources, Inc.	6,802		867,255
Fremont General Corp. (a)	2,499		9,746
Friedman, Billings, Ramsey Group, Inc. (a)	5,517		25,433
Fulton Financial Corp.	4,768		68,564
GATX Corp.	1,409		60,235
GFI Group, Inc. *	825		71,049
Goldman Sachs Group, Inc.	11,082		2,401,913
Heartland Payment Systems, Inc. (a)	1,134		29,144
Hugoton Royalty Trust, SBI (a)	1,129		26,690
IndyMac Bancorp, Inc. (a)	2,087		49,274
Interactive Brokers Group, Inc. *	1,247		32,746
Interactive Data Corp.	1,972		55,610
IntercontinentalExchange, Inc. *	1,780		270,382
International Securities Exchange
Holdings, Inc.	1,102		73,250
Investment Technology Group, Inc. *	1,258		54,069
Irwin Financial Corp.	1,128		12,431
Janus Capital Group, Inc.	4,910		138,855
Jefferies Group, Inc.	3,377		93,982
JP Morgan Chase & Company	91,121		4,175,164
KBW, Inc. * (a)	904		26,017
Kearny Financial Corp. (a)	2,566		32,819
Knight Capital Group, Inc. *	3,074		36,765
LaBranche & Company, Inc. * (a)	2,028		9,491
Ladenburg Thalmann Financial Services, Inc. * (a)	5,311		10,410
Lazard, Ltd., Class A	1,374		58,258
Legg Mason, Inc.	3,481		293,413
Lehman Brothers Holdings, Inc.	14,513		895,887
Leucadia National Corp.	6,063		292,358
MarketAxess Holdings, Inc. * (a)	1,066		15,990
MasterCard, Inc., Class A	3,647		539,647
Merrill Lynch & Company, Inc.	24,153		1,721,616
MF Global, Ltd. *	3,145		91,205
MoneyGram International, Inc.	2,449		55,323
Morgan Stanley (c)	28,409		1,789,767
Nasdaq Stock Market, Inc. *	3,167		119,333
National Financial Partners Corp.	1,073		56,848

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
NBT Bancorp, Inc.	214	$	4,652
Nelnet, Inc., Class A	1,614		29,439
NewStar Financial, Inc. * (a)	1,169		13,140
Nuveen Investments, Inc., Class A (a)	2,194		135,896
Nymex Holdings, Inc.	2,437		317,249
NYSE Euronext	7,197		569,787
Ocwen Financial Corp. *	1,880		17,728
optionsXpress Holdings, Inc.	1,853		48,437
Penson Worldwide, Inc. *	779		14,396
People's United Financial, Inc.	7,260		125,453
Piper Jaffray Companies, Inc. *	570		30,552
PNC Financial Services Group, Inc.	9,317		634,488
Portfolio Recovery Associates, Inc. * (a)	482		25,580
Raymond James Financial, Inc.	3,311		108,766
Sanders Morris Harris Group, Inc.	1,270		12,891
SEI Investments Company	4,902		133,727
SLM Corp.	11,154		554,019
State Street Corp.	10,408		709,409
Stifel Financial Corp. * (a)	460		26,606
Student Loan Corp.	467		84,209
SWS Group, Inc.	871		15,408
Synovus Financial Corp.	8,884		249,196
T. Rowe Price Group, Inc.	7,058		393,060
Taylor Capital Group, Inc.	532		14,859
TD Ameritrade Holding Corp. *	16,060		292,613
The First Marblehead Corp. (a)	2,689		101,994
Thomas Weisel Partners Group, Inc. *	884		12,827
UMB Financial Corp.	1,253		53,704
United Community Financial Corp.	1,693		12,223
Waddell & Reed Financial, Inc., Class A	2,448		66,169
Washington Mutual, Inc.	23,949		845,639
Wells Fargo & Company	89,802		3,198,747
Wesco Financial Corp.	196		78,008
Western Union Company	20,674		433,534
World Acceptance Corp. *	550		18,194
			42,592,506
Food & Beverages - 2.84%
Calavo Growers, Inc.	938		18,497
Cal-Maine Foods, Inc. (a)	957		24,155
Campbell Soup Company	10,383		384,171
Chiquita Brands International, Inc. * (a)	1,483		23,476
Coca-Cola Bottling Company (a)	369		22,251
Coca-Cola Enterprises, Inc.	12,478		302,217
ConAgra Foods, Inc.	13,442		351,239
Constellation Brands, Inc., Class A *	5,724		138,578
Corn Products International, Inc.	1,619		74,264
Dean Foods Company *	3,712		94,953
Del Monte Foods Company	4,094		42,987
Diamond Foods, Inc. (a)	844		17,437
Farmer Brothers Company	766		19,058
Flowers Foods, Inc.	2,632		57,378

The accompanying notes are an integral part of the financial statements. 

404

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages (continued)
General Mills, Inc.	9,076	$	526,499
Green Mountain Coffee Roasters, Inc. * (a)	798		26,486
H.J. Heinz Company	8,803		406,699
Hain Celestial Group, Inc. *	1,225		39,359
Hansen Natural Corp. *	2,563		145,271
Hershey Company	6,057		281,105
Hormel Foods Corp.	3,744		133,960
J & J Snack Foods Corp.	585		20,370
J.M. Smucker Company	1,572		83,976
Jones Soda Company * (a)	789		9,515
Kellogg Company	10,518		589,008
Kraft Foods, Inc., Class A	44,395		1,532,071
Lance, Inc.	1,038		23,895
M & F Worldwide Corp. *	595		29,863
McCormick & Company, Inc.	3,573		128,521
MGP Ingredients, Inc. (a)	718		7,374
Morton's Restaurant Group, Inc. *	954		15,169
National Beverage Corp. * (a)	1,464		12,415
Nuco2, Inc. *	628		16,165
Pepsi Bottling Group, Inc.	5,991		222,685
PepsiAmericas, Inc.	2,781		90,216
PepsiCo, Inc.	44,457		3,256,920
Performance Food Group Company *	1,074		32,360
Pilgrim's Pride Corp. (a)	1,906		66,195
Ralcorp Holdings, Inc. *	750		41,865
Sanderson Farms, Inc.	635		26,460
Sara Lee Corp.	19,434		324,353
Seaboard Corp.	36		70,560
Smithfield Foods, Inc. *	3,755		118,282
Spartan Stores, Inc.	728		16,402
Sysco Corp.	16,743		595,883
The Coca-Cola Company	62,019		3,564,232
Tootsie Roll Industries, Inc. (a)	1,669		44,279
TreeHouse Foods, Inc. *	928		25,102
Tyson Foods, Inc., Class A	9,178		163,827
William Wrigley Jr. Company	7,451		478,578
Winn-Dixie Stores, Inc. *	1,615		30,233
York Water Company	226		3,808
			14,770,622
Forest Products - 0.10%
Deltic Timber Corp.	450		25,614
Rayonier, Inc.	1,949		93,630
Weyerhaeuser Company	5,659		409,146
			528,390
Funeral Services - 0.03%
Service Corp. International	7,026		90,635
Stewart Enterprises, Inc., Class A	3,278		24,978
Stonemor Partners LP	640		15,866
			131,479
Furniture & Fixtures - 0.04%
American Woodmark Corp. (a)	521		12,916

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Furniture & Fixtures (continued)
Ethan Allen Interiors, Inc. (a)	865	$	28,277
Furniture Brands International, Inc. (a)	1,465		14,855
Hooker Furniture Corp.	686		13,734
Kimball International, Inc., Class B	1,365		15,534
La-Z-Boy, Inc. (a)	1,769		13,055
Leggett & Platt, Inc.	3,938		75,452
Sealy Corp. (a)	2,539		35,647
Stanley Furniture Company, Inc.	800		13,000
			222,470
Gas & Pipeline Utilities - 0.90%
AGL Resources, Inc.	1,957		77,536
American States Water Company (a)	594		23,166
AmeriGas Partners LP *	1,111		39,663
Aquila, Inc. *	11,848		47,510
Atlas Pipeline Partners, LP	435		20,402
Atmos Energy Corp.	2,321		65,731
Aurora Oil & Gas Corp. *	4,904		7,062
Boardwalk Pipeline Partners LP	2,681		82,119
Buckeye GP Holdings LP	913		27,490
Cal Dive International, Inc. *	2,551		38,265
California Water Service Group (a)	650		25,018
Chesapeake Utilities Corp.	408		13,868
Copano Energy LLC	785		28,833
Crosstex Energy LP *	1,214		41,859
Crosstex Energy, Inc. (a)	1,188		45,037
DCP Midstream Partners LP	248		10,659
El Paso Corp.	18,748		318,154
Enbridge Energy Management LLC *	425		21,100
Enbridge Energy Partners LP *	2,099		102,494
Energy Transfer Equity LP	5,465		187,449
Energy Transfer Partners	3,069		149,921
Enterprise GP Holdings LP *	2,329		88,269
Equitable Resources, Inc.	2,895		150,164
Ferrellgas Partners LP (a)	1,931		44,027
Global Industries, Ltd. *	3,306		85,163
Hiland Partners LP	435		21,498
Holly Energy Partners, LP *	547		25,189
Inergy LP *	1,404		44,394
Kinder Morgan Energy Partners LP	5,960		294,424
Kinder Morgan Management LLC *	1,386		64,783
Magellan Midstream Partners LP	1,427		57,123
Markwest Energy Partners LP *	932		28,584
Middlesex Water Company	771		14,572
National Fuel Gas Company	2,203		103,122
Nicor, Inc.	1,177		50,493
NiSource, Inc.	7,342		140,526
Northwest Natural Gas Company	837		38,251
NuStar Energy LP * (a)	1,277		75,879
Omega Flex, Inc. *	751		12,542
ONEOK, Inc.	2,991		141,773
Piedmont Natural Gas, Inc. (a)	2,118		53,141

The accompanying notes are an integral part of the financial statements. 

405

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Gas & Pipeline Utilities (continued)
Questar Corp.	4,264	$	223,988
RAM Energy Resources, Inc. *	2,776		13,408
Regency Energy Partners LP	1,459		42,895
SEMCO Energy, Inc. *	1,893		14,936
South Jersey Industries, Inc.	761		26,483
Southern Union Company	3,317		103,192
Southwest Gas Corp.	1,189		33,637
Southwest Water Company	1,327		16,760
Spectra Energy Corp.	16,867		412,904
Star Gas Partners * (a)	3,476		15,781
Suburban Propane Partners, L.P.	964		42,802
TC Pipelines LP *	1,059		37,785
The Laclede Group, Inc.	663		21,402
TransMontaigne Partners LP * (a)	465		15,345
UGI Corp.	2,896		75,238
Vectren Corp.	2,070		56,490
WGL Holdings, Inc.	1,391		47,141
Williams Companies, Inc.	16,190		551,431
Williams Partners LP	1,039		42,931
			4,701,802
Gold - 0.02%
Meridian Gold, Inc. *	2,793		92,448
Healthcare Products - 2.92%
Accuray, Inc. * (a)	1,574		27,482
Advanced Medical Optics, Inc. *	1,689		51,666
Align Technology, Inc. * (a)	1,917		48,558
American Medical Systems Holdings, Inc. * (a)	2,095		35,510
AngioDynamics, Inc. * (a)	815		15,363
Animal Health International, Inc. *	1,020		11,353
ArthroCare Corp. *	837		46,780
Aspect Medical Systems, Inc. *	908		12,322
Bausch & Lomb, Inc.	1,523		97,472
Baxter International, Inc.	17,688		995,481
Beckman Coulter, Inc.	1,700		125,392
Becton, Dickinson & Company	6,546		537,099
Boston Scientific Corp. *	39,705		553,885
Bruker BioSciences Corp. *	3,269		28,767
C.R. Bard, Inc.	2,647		233,439
Caliper Life Sciences, Inc. * (a)	2,707		15,538
Cantel Medical Corp. *	728		11,364
Cardiac Science Corp. *	1,233		12,429
Clinical Data, Inc. *	584		23,646
Computer Programs & Systems, Inc.	450		11,862
Conceptus, Inc. * (a)	975		18,505
CONMED Corp. *	853		23,875
Covidien, Ltd. *	13,338		553,506
Cutera, Inc. *	443		11,611
Cyberonics, Inc. * (a)	854		11,905
Cypress Biosciences, Inc. *	1,333		18,249
Cytyc Corp. *	2,701		128,703
Dade Behring Holdings, Inc.	2,056		156,976

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
DENTSPLY International, Inc.	3,626	$	150,987
DJO, Inc. *	682		33,486
Edwards Lifesciences Corp. *	1,627		80,227
Foxhollow Technologies, Inc. *	942		24,869
Gen-Probe, Inc. *	1,503		100,070
Haemonetics Corp. *	792		39,141
Henry Schein, Inc. *	2,069		125,878
Herbalife, Ltd.	1,959		89,056
Hillenbrand Industries, Inc.	1,697		93,369
Hologic, Inc. * (a)	1,513		92,293
ICU Medical, Inc. *	492		19,065
IDEXX Laboratories, Inc. *	863		94,576
Intuitive Surgical, Inc. *	904		207,920
Inverness Medical Innovations, Inc. *	1,626		89,961
Ista Pharmaceuticals, Inc. *	1,301		8,977
Johnson & Johnson	77,651		5,101,671
Kensey Nash Corp. *	532		13,890
Kinetic Concepts, Inc. *	1,985		111,716
Kyphon, Inc. *	1,277		89,390
LCA-Vision, Inc.	648		19,045
LifeCell Corp. *	1,033		38,810
Lifecore Biomedical, Inc. *	720		9,288
Mannkind Corp. * (a)	2,355		22,796
Medtronic, Inc.	30,954		1,746,115
Merit Medical Systems, Inc. *	1,181		15,329
Micrus Endovascular Corp. *	573		10,469
Natus Medical, Inc. *	834		13,294
NutriSystem, Inc. *	1,014		47,546
Nuvasive, Inc. *	1,067		38,337
Owens & Minor, Inc.	1,158		44,108
Patterson Companies, Inc. *	3,342		129,035
Polymedica Corp.	650		34,138
PSS World Medical, Inc. *	2,036		38,949
ResMed, Inc. *	2,165		92,813
Respironics, Inc. *	2,054		98,654
Sirona Dental Systems, Inc. * (a)	1,606		57,286
SonoSite, Inc. *	599		18,281
Spectranetics Corp. * (a)	1,355		18,265
St. Jude Medical, Inc. *	9,464		417,078
Stereotaxis, Inc. * (a)	1,375		18,961
STERIS Corp.	1,842		50,342
Stryker Corp.	10,822		744,121
SurModics, Inc. * (a)	570		27,936
Symmetry Medical, Inc. *	1,117		18,654
The Cooper Companies, Inc.	1,248		65,420
The Medicines Company *	1,521		27,089
Thoratec Corp. *	1,601		33,125
TomoTherapy, Inc. *	1,486		34,520
USANA Health Sciences, Inc. * (a)	537		23,494
Varian Medical Systems, Inc. *	3,143		131,660
Ventana Medical Systems, Inc. *	1,087		93,384
Visicu, Inc. *	1,322		10,021

The accompanying notes are an integral part of the financial statements. 

406

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Volcano, Corp. *	1,173	$	19,284
Wright Medical Group, Inc. *	1,089		29,207
Xtent, Inc. * (a)	868		7,378
Young Innovations, Inc.	515		14,734
Zimmer Holdings, Inc. *	6,392		517,688
Zoll Medical Corp. *	669		17,340
			15,179,274
Healthcare Services - 1.70%
Air Methods Corp. *	491		22,684
Alliance Imaging, Inc. *	1,734		15,710
Amedisys, Inc. *	733		28,162
American Dental Partners, Inc. *	613		17,170
AMERIGROUP Corp. *	1,489		51,341
AMN Healthcare Services, Inc. *	997		18,674
Anesiva, Inc. *	1,622		9,310
Apria Healthcare Group, Inc. *	1,229		31,966
Assisted Living Concepts, Inc. *	1,872		17,110
Barrier Therapeutics, Inc. * (a)	1,761		10,637
Brookdale Senior Living, Inc. (a)	2,836		112,901
Capital Senior Living Corp. *	1,324		11,148
Cardinal Health, Inc.	10,761		672,885
Cerner Corp. *	1,812		108,376
CorVel Corp. *	498		11,514
Covance, Inc. *	1,734		135,079
Coventry Health Care, Inc. *	4,069		253,133
Cross Country Healthcare, Inc. *	1,037		18,116
DaVita, Inc. *	2,884		182,211
Eastern Insurance Holdings, Inc.	1,149		17,752
Emergency Medical Services Corp., Class A *	354		10,709
Emeritus Corp. *	590		15,989
Enzo Biochem, Inc. * (a)	1,224		13,892
Express Scripts, Inc. *	7,198		401,792
Five Star Quality Care, Inc. * (a)	1,273		10,464
Health Net, Inc. *	2,889		156,151
Healthextras, Inc. *	1,227		34,147
Healthsouth Corp. * (a)	2,342		41,008
Healthspring, Inc. *	1,639		31,961
Healthways, Inc. * (a)	1,020		55,049
HLTH Corp. *	4,589		65,026
Hooper Holmes, Inc. *	3,177		7,498
Humana, Inc. *	4,349		303,908
IMS Health, Inc.	5,519		169,102
Kindred Healthcare, Inc. *	1,146		20,525
Laboratory Corp. of America Holdings *	3,230		252,683
LHC Group, Inc. * (a)	594		12,753
Lincare Holdings, Inc. *	2,425		88,876
Magellan Health Services, Inc. *	1,096		44,476
McKesson Corp.	7,985		469,438
Medco Health Solutions, Inc. *	7,946		718,239
National Healthcare Corp.	416		21,378
Nighthawk Radiology Holdings, Inc. * (a)	982		24,069

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services (continued)
Obagi Medical Products, Inc. *	882	$	16,291
Odyssey Healthcare, Inc. *	1,305		12,541
Omnicare, Inc. (a)	2,855		94,586
Palomar Medical Technologies, Inc. *	545		15,527
Pediatrix Medical Group, Inc. *	1,354		88,579
Phase Forward, Inc. *	1,208		24,172
Psychiatric Solutions, Inc. *	1,534		60,256
Quest Diagnostics, Inc.	5,061		292,374
Radiation Therapy Services, Inc. * (a)	717		14,928
Sierra Health Services, Inc. *	1,583		66,787
Sun Healthcare Group, Inc. *	1,375		22,976
The Advisory Board Company *	541		31,632
Town Sports International Holdings, Inc. *	854		12,989
UnitedHealth Group, Inc.	36,198		1,753,069
ViaCell, Inc. *	2,103		9,926
WebMD Health Corp. *	1,657		86,330
Weight Watchers International, Inc.	2,173		125,078
WellCare Health Plans, Inc. *	918		96,785
WellPoint, Inc. *	16,672		1,315,754
			8,855,592
Holdings Companies/Conglomerates - 3.38%
Berkshire Hathaway, Inc., Class A *	42		4,977,420
General Electric Company	275,708		11,414,311
Loews Corp.	15,035		726,942
PICO Holdings, Inc. *	508		21,108
Textron, Inc.	6,686		415,936
United Industrial Corp.	356		26,793
			17,582,510
Homebuilders - 0.15%
AMREP Corp. *	216		5,789
Beazer Homes USA, Inc. (a)	1,158		9,554
Centex Corp.	2,885		76,654
Champion Enterprises, Inc. * (a)	2,379		26,121
D.R. Horton, Inc.	8,769		112,331
Hovnanian Enterprises, Inc., Class A * (a)	1,812		20,095
KB Home (a)	2,044		51,223
Lennar Corp., Class A (a)	4,437		100,498
M.D.C. Holdings, Inc.	1,263		51,707
M/I Homes, Inc. (a)	494		6,862
Meritage Homes Corp. * (a)	795		11,225
NVR, Inc. *	129		60,662
Palm Harbor Homes, Inc. * (a)	996		12,430
Pulte Homes, Inc.	7,167		97,543
Ryland Group, Inc.	1,211		25,952
Standard Pacific Corp. (a)	1,901		10,437
Toll Brothers, Inc. *	3,595		71,864
Walter Industries, Inc.	1,471		39,570
			790,517
Hotels & Restaurants - 1.22%
AFC Enterprises, Inc. *	998		15,020
Ameristar Casinos, Inc.	1,632		45,859

The accompanying notes are an integral part of the financial statements. 

407

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hotels & Restaurants (continued)
Applebee's International, Inc.	2,154	$	53,592
Benihana, Inc. Class A *	550		9,521
BJ's Restaurants, Inc. * (a)	961		20,229
Bob Evans Farms, Inc.	1,083		32,685
Boyd Gaming Corp.	1,997		85,571
Brinker International, Inc.	2,734		75,021
Buffalo Wild Wings, Inc. * (a)	546		20,595
Burger King Holdings, Inc.	3,034		77,337
California Pizza Kitchen, Inc. *	877		15,409
CBRL Group, Inc.	753		30,722
CEC Entertainment, Inc. *	955		25,661
Chipotle Mexican Grill, Inc., Class A * (a)	911		107,616
Choice Hotels International, Inc.	1,894		71,347
CKE Restaurants, Inc.	2,063		33,441
Darden Restaurants, Inc.	3,521		147,389
Denny's Corp. *	3,272		13,088
Domino's Pizza, Inc.	1,732		28,734
Hilton Hotels Corp.	10,244		476,244
IHOP Corp. (a)	463		29,322
Jack in the Box, Inc. *	672		43,572
Jamba, Inc. * (a)	2,035		14,306
Krispy Kreme Doughnuts, Inc. * (a)	2,002		8,008
Landry's Restaurants, Inc. (a)	664		17,569
Lodgian, Inc. *	1,169		13,794
Luby's Cafeterias, Inc. *	1,392		15,340
Marcus Corp.	1,062		20,390
Marriott International, Inc., Class A	10,677		464,129
McCormick & Schmick's Seafood
Restaurants, Inc. *	603		11,355
McDonald's Corp.	32,461		1,768,151
Morgans Hotel Group Company *	1,110		24,143
O'Charley's, Inc.	878		13,310
Orient Express Hotels, Ltd. (a)	1,663		85,262
P.F. Chang's China Bistro, Inc. * (a)	789		23,354
Panera Bread Company, Class A *	879		35,863
Papa John's International, Inc. *	996		24,342
Peets Coffee & Tea, Inc. * (a)	613		17,109
RARE Hospitality International, Inc. *	1,076		41,006
Red Lion Hotels Corp. *	1,153		11,876
Red Robin Gourmet Burgers, Inc. *	514		22,051
Ruby Tuesday, Inc.	1,668		30,591
Ruth's Chris Steak House, Inc. *	847		12,070
Sonic Corp. *	1,955		45,747
Starbucks Corp. *	20,471		536,340
Starwood Hotels & Resorts Worldwide, Inc.	5,631		342,083
Texas Roadhouse, Inc., Class A *	2,313		27,062
The Cheesecake Factory, Inc. *	2,239		52,549
The Steak & Shake Company *	1,082		16,241
Triarc Companies, Inc.	2,664		33,327
Wendy's International, Inc.	2,145		74,882
Wyndham Worldwide Corp.	5,060		165,766
Wynn Resorts, Ltd. * (a)	2,660		419,110

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hotels & Restaurants (continued)
Yum! Brands, Inc.	14,212	$	480,792
			6,325,893
Household Appliances - 0.08%
Black & Decker Corp.	1,642		136,779
Libbey, Inc. (a)	618		10,827
Lifetime Brands, Inc. (a)	574		11,647
National Presto Industries, Inc.	344		18,232
The Toro Company	1,076		63,301
Whirlpool Corp.	1,981		176,507
			417,293
Household Products - 0.25%
Blyth, Inc.	1,211		24,765
Central Garden & Pet Company *	2,480		22,072
Church & Dwight, Inc.	1,739		81,803
Cryolife, Inc. *	1,125		10,631
Energizer Holdings, Inc. *	1,362		150,978
Fortune Brands, Inc.	3,912		318,789
Jarden Corp. *	2,158		66,767
Newell Rubbermaid, Inc.	6,886		198,454
Select Comfort Corp. * (a)	1,532		21,371
Tempur-Pedic International, Inc.	2,325		83,119
The Clorox Company	3,792		231,274
Tupperware Brands Corp.	1,743		54,887
TurboChef Technologies, Inc. *	1,018		13,438
WD-40 Company	654		22,328
			1,300,676
Housing & Urban Development - 0.00%
Cavco Industries, Inc. *	376		12,596
Industrial Machinery - 1.36%
Actuant Corp., Class A	787		51,131
AGCO Corp. *	2,481		125,960
Alamo Group, Inc.	564		13,869
Albany International Corp., Class A	887		33,254
Altra Holdings, Inc. *	911		15,186
Badger Meter, Inc.	597		19,134
Briggs & Stratton Corp. (a)	1,438		36,209
Cameron International Corp. *	2,791		257,581
Cascade Corp.	360		23,461
Caterpillar, Inc.	17,400		1,364,682
Chart Industries, Inc. *	924		29,716
Circor International, Inc.	552		25,066
Cognex Corp. (a)	1,488		26,427
Crane Company	1,252		60,058
Cummins, Inc.	2,750		351,698
Deere & Company	6,118		908,034
Dionex Corp. *	597		47,438
Donaldson Company, Inc.	2,219		92,665
Dover Corp.	5,239		266,927
Dresser-Rand Group, Inc. *	1,913		81,704
EnPro Industries, Inc. *	656		26,634
Flow International Corp. *	1,391		12,269

The accompanying notes are an integral part of the financial statements. 

408

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial Machinery (continued)
Flowserve Corp.	1,334	$	101,624
FMC Technologies, Inc. *	3,754		216,456
Gardner Denver, Inc. *	1,484		57,876
Gehl Company *	482		10,763
Gorman-Rupp Company	489		16,215
Graco, Inc.	1,883		73,644
Grant Prideco, Inc. *	3,223		175,718
H&E Equipment Services, Inc. *	1,195		21,486
IDEX Corp.	2,215		80,604
Ingersoll-Rand Company, Ltd., Class A	8,138		443,277
Intevac, Inc. *	690		10,488
ITT Corp.	4,807		326,540
Kadant, Inc. *	548		15,344
Kennametal, Inc.	1,051		88,263
Lincoln Electric Holdings, Inc.	889		68,995
Lindsay Corp. (a)	468		20,489
Lufkin Industries, Inc.	441		24,264
Metropolitan Pro Corp.	1,196		19,351
Middleby Corp. *	458		29,559
NACCO Industries, Inc., Class A	236		24,421
NATCO Group, Inc. *	554		28,669
OYO Geospace Corp. *	209		19,376
Pall Corp.	3,007		116,972
Parker-Hannifin Corp.	2,998		335,266
Quixote Corp.	854		16,909
Regal-Beloit Corp.	881		42,191
Robbins & Myers, Inc.	534		30,593
Rofin-Sinar Technologies, Inc. *	475		33,350
Sauer-Danfoss, Inc.	1,421		37,912
Tecumseh Products Company, Class A *	1,219		23,466
Tennant Company	598		29,123
Terex Corp. *	2,600		231,452
The Manitowoc Company, Inc.	2,896		128,235
Tredegar Industries, Inc.	1,158		19,976
Twin Disc, Inc.	248		14,434
Valmont Industries, Inc.	748		63,468
W.W. Grainger, Inc.	2,135		194,691
Watts Water Technologies, Inc., Class A (a)	1,096		33,647
			7,094,210
Industrials - 0.08%
Aecom Technology Corp. *	2,707		94,555
Brookfield Homes Corp. (a)	839		15,563
Clean Harbors, Inc. *	577		25,688
Fastenal Company (a)	3,798		172,467
Harsco Corp.	1,928		114,273
Lawson Products, Inc.	428		14,899
			437,445
Insurance - 4.36%
ACE, Ltd.	8,746		529,745
Aetna, Inc.	13,963		757,772
AFLAC, Inc.	13,449		767,131

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Alfa Corp.	2,539	$	46,159
Alleghany Corp. *	221		89,726
Allied World Assurance Holdings, Ltd.	1,532		79,526
Allstate Corp.	16,657		952,614
Ambac Financial Group, Inc.	2,630		165,453
American Equity Investment Life Holding
Company	1,712		18,233
American Financial Group, Inc.	3,239		92,376
American International Group, Inc.	69,590		4,707,763
American National Insurance Company	712		93,664
American Physicians Capital, Inc.	469		18,272
Amerisafe, Inc. *	724		11,975
Amtrust Financial Services, Inc. (a)	1,923		29,172
Aon Corp.	8,193		367,128
Arch Capital Group, Ltd. *	1,944		144,653
Argo Group International Holdings, Ltd. *	1,011		43,985
Arthur J. Gallagher & Company (a)	2,044		59,215
Aspen Insurance Holdings, Ltd.	2,329		65,002
Assurant, Inc.	3,050		163,175
Assured Guaranty, Ltd.	1,883		51,161
Axis Capital Holdings, Ltd.	4,097		159,414
Baldwin & Lyons, Inc., Class B	101		2,758
Brown & Brown, Inc.	3,937		103,543
Castlepoint Holdings, Ltd. (a)	1,289		14,824
Chubb Corp.	11,101		595,458
CIGNA Corp.	8,255		439,909
Cincinnati Financial Corp.	4,348		188,312
Citizens, Inc. Class A * (a)	2,247		17,190
CNA Financial Corp.	7,302		287,115
CNA Surety Corp. *	1,340		23,624
Commerce Group, Inc.	1,927		56,789
Conseco, Inc. *	3,379		54,064
Crawford & Company, Class B *	2,366		15,048
Donegal Group, Inc.	1,228		19,869
eHealth, Inc. *	812		22,492
EMC Insurance Group, Inc.	622		16,166
Employers Holdings, Inc.	1,587		32,708
Endurance Specialty Holdings, Ltd.	1,772		73,627
Enstar Group, Ltd. * (a)	343		43,475
Erie Indemnity Company, Class A	1,606		98,175
Everest Re Group, Ltd.	1,715		189,062
FBL Financial Group, Inc., Class A	942		37,200
First Acceptance Corp. *	1,937		9,782
First American Corp.	2,286		83,713
First Mercury Financial Corp. *	782		16,821
Flagstone Reinsurance Holdings Ltd. (a)	2,549		33,876
FPIC Insurance Group, Inc. *	402		17,306
Genworth Financial, Inc., Class A	12,059		370,573
Great American Financial Resources, Inc.	1,503		36,854
Hallmark Financial Services, Inc. *	1,167		16,396
Hanover Insurance Group, Inc.	1,486		65,666
Harleysville Group, Inc.	1,071		34,251

The accompanying notes are an integral part of the financial statements. 

409

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Hartford Financial Services Group, Inc.	8,598	$	795,745
HCC Insurance Holdings, Inc.	3,004		86,035
Hilb, Rogal and Hamilton Company	1,029		44,587
Horace Mann Educators Corp.	1,292		25,465
Independence Holding Company	817		16,650
Infinity Property & Casualty Corp.	597		24,011
IPC Holdings, Ltd.	1,640		47,314
James River Group, Inc.	572		18,533
Kansas City Life Insurance Company (a)	535		23,583
LandAmerica Financial Group, Inc.	505		19,685
Lincoln National Corp.	7,482		493,588
Markel Corp. *	267		129,228
Marsh & McLennan Companies, Inc.	14,866		379,083
Max Re Capital, Ltd.	1,629		45,677
MBIA, Inc.	3,412		208,303
Meadowbrook Insurance Group, Inc. *	1,297		11,686
Mercury General Corp.	1,453		78,360
MetLife, Inc.	20,356		1,419,424
MGIC Investment Corp. (a)	1,994		64,426
Midland Company	595		32,701
Montpelier Re Holdings, Ltd.	3,068		54,304
National Interstate Corp.	712		21,922
National Western Life Insurance Company,
Class A *	126		32,251
Nationwide Financial Services, Inc., Class A	4,096		220,447
Navigators Group, Inc. *	512		27,776
NYMAGIC, Inc.	422		11,736
Odyssey Re Holdings Corp.	2,023		75,074
Old Republic International Corp.	5,347		100,203
OneBeacon Insurance Group, Ltd.	2,138		46,074
PartnerRe, Ltd.	1,396		110,270
Philadelphia Consolidated Holding Corp. *	2,009		83,052
Phoenix Companies, Inc.	3,468		48,933
Platinum Underwriters Holdings, Ltd.	1,514		54,443
PMI Group, Inc.	1,956		63,961
Presidential Life Corp.	1,094		18,554
Primus Guaranty, Ltd. *	1,458		15,338
Principal Financial Group, Inc.	7,180		452,986
ProAssurance Corp. *	962		51,823
ProCentury Corp.	653		9,553
Progressive Corp.	20,258		393,208
Protective Life Corp.	1,494		63,405
Prudential Financial, Inc.	12,836		1,252,537
Radian Group, Inc.	1,879		43,743
Reinsurance Group of America, Inc.	1,694		96,033
RenaissanceRe Holdings, Ltd.	1,884		123,232
RLI Corp.	730		41,406
SAFECO Corp.	2,853		174,661
Safety Insurance Group, Inc.	517		18,581
SCPIE Holdings, Inc. *	649		14,440
SeaBright Insurance Holdings, Inc. *	879		15,005
Security Capital Assurance, Ltd.	1,776		40,564

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Selective Insurance Group, Inc.	1,718	$	36,559
Stancorp Financial Group, Inc.	1,467		72,631
State Auto Financial Corp.	1,303		38,113
Stewart Information Services Corp.	568		19,465
The Travelers Companies, Inc.	18,246		918,504
Torchmark Corp.	2,645		164,836
Tower Group, Inc.	701		18,352
Transatlantic Holdings, Inc.	1,557		109,504
Triad Guaranty, Inc. *	488		9,257
United America Indemnity Ltd. *	1,229		26,436
United Fire & Casualty Company	924		36,119
Unitrin, Inc.	1,892		93,824
Universal American Financial Corp. *	956		21,806
UnumProvident Corp.	8,931		218,542
W.R. Berkley Corp.	4,705		139,409
White Mountains Insurance Group, Ltd.	279		145,010
XL Capital, Ltd., Class A	4,788		379,210
Zenith National Insurance Corp.	1,054		47,314
			22,664,450
International Oil - 5.00%
Anadarko Petroleum Corp.	12,411		667,091
APCO Argentina, Inc. (a)	251		26,460
ATP Oil & Gas Corp. * (a)	927		43,597
BPZ Energy, Inc. *	2,074		16,177
Callon Petroleum Company *	1,069		14,881
Cheniere Energy, Inc. * (a)	1,652		64,709
Chevron Corp.	57,419		5,373,270
ConocoPhillips	44,125		3,872,851
Exxon Mobil Corp.	149,423		13,830,593
Hess Corp.	8,486		564,574
Murphy Oil Corp.	4,864		339,945
Nabors Industries, Ltd. *	7,168		220,559
Noble Corp.	7,092		347,863
Parker Drilling Company *	3,329		27,031
Weatherford International, Ltd. *	9,200		618,056
			26,027,657
Internet Content - 1.14%
CMGI, Inc. *	14,349		19,515
CNET Networks, Inc. *	4,599		34,263
Google, Inc., Class A *	8,336		4,728,763
Harris Interactive, Inc. *	2,342		10,094
Hollywood Media Corp. *	2,745		9,690
InfoSpace, Inc. *	956		16,787
Internet Cap Group, Inc. *	1,411		16,932
Liquidity Services, Inc. *	909		9,990
LoopNet, Inc. *	1,184		24,319
Move, Inc. *	4,831		13,334
RightNow Technologies, Inc. * (a)	1,116		17,956
Safeguard Scientifics, Inc. *	5,189		11,883
Schawk, Inc., Class A	983		22,186
The Knot, Inc. * (a)	973		20,686

The accompanying notes are an integral part of the financial statements. 

410

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Content (continued)
Travelzoo, Inc. *	503	$	11,544
Yahoo!, Inc. *	36,574		981,646
			5,949,588
Internet Retail - 0.70%
1-800-Flowers.com, Inc. *	2,423		28,083
Amazon.com, Inc. *	11,095		1,033,499
Ariba, Inc. *	2,444		26,346
Blue Nile, Inc. * (a)	488		45,931
Drugstore.com, Inc. *	4,535		14,694
eBay, Inc. *	37,448		1,461,221
Expedia, Inc. *	7,680		244,838
IAC/InterActiveCorp. *	7,700		228,459
Liberty Media Holding Corp.-Interactive A *	17,959		344,992
Netflix, Inc. * (a)	2,001		41,461
Overstock.com, Inc. * (a)	740		21,312
Priceline.com, Inc. * (a)	1,039		92,211
Shutterfly, Inc. *	864		27,570
Stamps.com, Inc. *	936		11,204
			3,621,821
Internet Service Provider - 0.07%
Cogent Communications Group, Inc. *	1,479		34,520
Earthlink, Inc. *	3,975		31,482
Equinix, Inc. * (a)	857		76,007
eSPEED, Inc., Class A *	1,947		16,608
Imergent, Inc. (a)	422		9,466
Online Resources Corp. *	1,163		14,700
Salesforce.Com, Inc. *	2,816		144,517
Terremark Worldwide, Inc. * (a)	1,975		14,161
United Online, Inc.	2,014		30,230
			371,691
Internet Software - 0.31%
ActivIdentity Corp. *	3,241		16,788
Akamai Technologies, Inc. *	4,110		118,080
Art Technology Group, Inc. *	5,086		15,360
CheckFree Corp. *	1,988		92,522
Cybersource Corp. * (a)	1,298		15,174
DealerTrack Holdings, Inc. *	1,162		48,665
Digital River, Inc. *	1,125		50,344
eResearch Technology, Inc. *	1,805		20,559
F5 Networks, Inc. *	1,868		69,471
Interwoven, Inc. *	1,394		19,837
Keynote Systems, Inc. *	1,128		15,487
Lionbridge Technologies, Inc. *	2,383		9,508
McAfee, Inc. *	3,899		135,958
NIC, Inc. *	2,710		18,807
Openwave Systems, Inc. *	3,049		13,355
PC-Tel, Inc. *	1,359		10,315
RealNetworks, Inc. *	4,840		32,815
S1 Corp. *	2,263		20,480
Sapient Corp. *	3,853		25,854
Switch & Data Facilities Company, Inc. *	1,127		18,359

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Software (continued)
Symantec Corp. *	24,969	$	483,899
TIBCO Software, Inc. *	6,070		44,857
VASCO Data Security International, Inc. *	1,124		39,688
VeriSign, Inc. *	6,275		211,719
Vignette Corp. *	1,090		21,876
Vocus, Inc. *	639		18,684
			1,588,461
Investment Companies - 0.06%
Ampal American Israel Corp. * (a)	3,050		17,141
GAMCO Investors, Inc.	547		29,976
KKR Financial Holdings LLC	2,156		36,329
Medallion Financial Corp.	1,188		12,937
The Blackstone Group LP *	6,913		173,378
U.S. Global Investors, Inc.	504		9,586
WP Stewart & Company, Ltd. (a)	1,794		17,796
			297,143
Leisure Time - 1.46%
4Kids Entertainment, Inc. *	964		16,957
Ambassadors International, Inc.	415		10,180
Archon Corp. *	291		13,750
Arctic Cat, Inc.	808		13,219
Bally Technologies, Inc. *	1,591		56,369
Blockbuster, Inc., Class A *	5,712		30,673
Bluegreen Corp. *	1,266		9,812
Brunswick Corp.	1,982		45,309
Callaway Golf Company	2,173		34,790
Carmike Cinemas, Inc.	708		13,006
Carnival Corp.	16,810		814,108
Cedar Fair LP *	1,481		35,322
Churchill Downs, Inc.	440		21,982
Cinemark Holdings, Inc. *	3,076		57,091
Dover Downs Gaming & Entertainment, Inc.	1,350		14,027
Dover Motorsports, Inc.	2,585		16,725
DreamWorks Animation SKG, Inc., Class A *	2,874		96,049
Electronic Arts, Inc. *	8,319		465,781
Gaylord Entertainment Company *	1,164		61,948
Harrah's Entertainment, Inc.	4,892		425,262
International Game Technology	8,941		385,357
International Speedway Corp., Class A	1,431		65,626
Isle of Capri Casinos, Inc. * (a)	1,015		19,742
Las Vegas Sands Corp. *	9,572		1,277,096
Life Time Fitness, Inc. * (a)	999		61,279
Marine Products Corp. (a)	1,659		14,068
MGM MIRAGE *	7,626		682,069
Monarch Casino & Resort, Inc. *	738		20,996
MTR Gaming Group, Inc. *	995		9,482
Multimedia Games, Inc. * (a)	1,173		9,994
National Cinemedia, Inc.	1,172		26,253
Parkervision, Inc. * (a)	951		14,436
Penn National Gaming, Inc. *	1,993		117,627
Pinnacle Entertainment, Inc. *	1,680		45,746

The accompanying notes are an integral part of the financial statements. 

411

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Leisure Time (continued)
Polaris Industries, Inc. (a)	635	$	27,699
Premier Exhibitions, Inc. *	993		14,974
RC2 Corp. *	658		18,220
Regal Entertainment Group, Class A (a)	3,972		87,185
Riviera Holdings Corp. *	471		13,212
Royal Caribbean Cruises, Ltd.	5,343		208,537
Scientific Games Corp., Class A * (a)	2,030		76,328
Shuffle Master, Inc. *	1,140		17,043
Six Flags, Inc. * (a)	3,381		11,698
Speedway Motorsports, Inc.	1,228		45,436
Station Casinos, Inc.	1,540		134,719
Steinway Musical Instruments, Inc. *	486		14,395
The Nautilus Group, Inc. (a)	1,041		8,297
Trump Entertainment Resorts, Inc. * (a)	1,137		7,334
Vail Resorts, Inc. *	1,105		68,830
Walt Disney Company	52,173		1,794,229
West Marine, Inc. *	949		10,961
WMS Industries, Inc. *	1,441		47,697
			7,608,925
Life Sciences - 0.09%
American Ecology Corp. (a)	738		15,638
Dawson Geophysical Company *	290		22,478
Halozyme Therapeutics, Inc. *	1,950		16,945
Incyte Corp. *	2,749		19,655
Ionatron, Inc. *	2,707		9,285
Omrix Biopharmaceuticals, Inc. *	504		17,796
PerkinElmer, Inc.	2,734		79,860
Pharmaceutical Product Development, Inc.	2,724		96,539
Senomyx, Inc. *	1,170		14,333
Symyx Technologies, Inc. *	1,200		10,428
Waters Corp. *	2,515		168,304
			471,261
Liquor - 0.31%
Anheuser-Busch Companies, Inc.	20,652		1,032,394
Boston Beer Company, Inc. *	673		32,748
Brown Forman Corp., Class B	3,398		254,544
Central European Distribution Corp. *	1,086		52,030
Molson Coors Brewing Company, Class B	2,177		216,982
			1,588,698
Manufacturing - 1.53%
3M Company	19,764		1,849,515
Acuity Brands, Inc.	1,216		61,384
American Railcar Industries, Inc.	744		16,383
AptarGroup, Inc.	1,944		73,619
Barnes Group, Inc.	934		29,813
Blout International, Inc. *	1,491		16,938
Carlisle Companies, Inc.	1,700		82,620
Ceradyne, Inc. *	771		58,396
Coherent, Inc. *	372		11,934
Danaher Corp.	8,284		685,170
Eaton Corp.	3,947		390,911

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Manufacturing (continued)
ESCO Technologies, Inc. *	777	$	25,827
Force Protection, Inc. * (a)	1,978		42,843
General Cable Corp. *	1,150		77,188
GenTek, Inc. *	445		13,386
Goodman Global, Inc. *	2,118		50,578
Harley-Davidson, Inc.	6,931		320,281
Hexcel Corp. * (a)	2,703		61,385
Honeywell International, Inc.	20,121		1,196,596
Illinois Tool Works, Inc.	15,441		920,901
iRobot Corp. * (a)	904		17,972
Kaydon Corp.	831		43,204
Koppers Holdings, Inc.	674		26,023
Lancaster Colony Corp.	936		35,727
Mettler-Toledo International, Inc. *	1,102		112,404
Mine Safety Appliances Company	1,078		50,785
Nordson Corp.	1,006		50,511
Pentair, Inc.	2,256		74,854
PGT, Inc. *	1,129		8,953
Raven Industries, Inc.	647		25,912
Reddy Ice Holdings, Inc.	720		18,986
Rockwell Automation, Inc.	4,360		303,064
Roper Industries, Inc.	2,420		158,510
Smith & Wesson Holding Corp. *	1,313		25,065
Snap-on, Inc.	1,637		81,097
Spartan Motors, Inc.	885		14,895
SPX Corp.	1,588		146,985
Stanley Works	2,233		125,338
Sturm Ruger & Company, Inc. *	898		16,083
Trinity Industries, Inc. (a)	1,791		67,234
Tyco International, Ltd.	13,338		591,385
			7,980,655
Medical-Hospitals - 0.15%
AmSurg Corp. *	927		21,386
Centene Corp. *	1,315		28,286
Cepheid, Inc. *	1,784		40,675
Community Health Systems, Inc. *	2,543		79,952
EV3, Inc. * (a)	1,890		31,034
Health Management Associates, Inc., Class A	6,501		45,117
Hythiam, Inc. * (a)	1,703		12,670
Lifepoint Hospitals, Inc. *	1,610		48,316
Manor Care, Inc.	1,748		112,571
Medcath Corp. *	708		19,442
MWI Veterinary Supply, Inc. *	440		16,610
Neogen Corp. *	881		20,885
Northstar Neuroscience, Inc. *	1,048		11,696
NxStage Medical, Inc. * (a)	1,053		15,258
Possis Medical, Inc. *	979		13,265
RehabCare Group, Inc. *	847		14,899
Sunrise Senior Living, Inc. *	1,435		50,756
Tenet Healthcare Corp. *	13,544		45,508
Universal Health Services, Inc., Class B	1,433		77,984

The accompanying notes are an integral part of the financial statements. 

412

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Medical-Hospitals (continued)
VCA Antech, Inc. *	1,855	$	77,446
Vital Images, Inc. *	548		10,697
			794,453
Metal & Metal Products - 0.49%
A. M. Castle & Company	563		18,354
Ampco-Pittsburgh Corp.	389		15,319
Brush Engineered Materials, Inc. *	603		31,290
Commercial Metals Company	3,345		105,869
Crown Holdings, Inc. *	3,826		87,080
Dynamic Materials Corp.	410		19,635
Gibraltar Industries, Inc.	962		17,797
Haynes International, Inc. *	347		29,623
Kaiser Aluminum Corp.	605		42,695
Ladish Company, Inc. *	464		25,743
Matthews International Corp., Class A	981		42,968
Metal Management, Inc.	760		41,192
Mueller Industries, Inc.	1,100		39,754
Mueller Water Products, Inc. (a)	3,465		42,931
Precision Castparts Corp.	3,686		545,454
Quanex Corp.	1,057		49,658
RBC Bearings, Inc. *	670		25,694
Reliance Steel & Aluminum Company	1,775		100,358
RTI International Metals, Inc. *	660		52,312
Southern Copper Corp. (a)	7,950		984,448
Timken Company	2,017		74,932
Titanium Metals Corp. * (a)	3,936		132,092
USEC, Inc. *	2,564		26,281
			2,551,479
Mining - 0.37%
Alliance Resource Partners LP	1,076		36,078
AMCOL International Corp.	928		30,708
Cleveland-Cliffs, Inc.	1,170		102,925
Coeur d'Alene Mines Corp. * (a)	8,147		30,877
Compass Minerals International, Inc.	889		30,262
Freeport-McMoRan Copper & Gold, Inc.,
Class B	10,052		1,054,354
Hecla Mining Company *	3,572		31,969
Natural Resource Partners LP (a)	1,389		43,309
Newmont Mining Corp.	11,203		501,110
Royal Gold, Inc. (a)	845		27,674
Stillwater Mining Company *	2,755		28,349
U.S. Gold Corp. *	2,097		13,148
Uranium Resources, Inc. * (a)	1,709		16,048
			1,946,811
Mobile Homes - 0.02%
Fleetwood Enterprises, Inc. * (a)	2,196		18,776
Thor Industries, Inc.	1,114		50,119
Winnebago Industries, Inc. (a)	939		22,423
			91,318
Newspapers - 0.04%
Lee Enterprises, Inc.	1,377		21,440

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Newspapers (continued)
Washington Post Company, Class B	252	$	202,306
			223,746
Office Furnishings & Supplies - 0.14%
Acco Brands Corp. *	1,550		34,782
Avery Dennison Corp.	2,965		169,064
CompX International, Inc.	747		14,626
Herman Miller, Inc.	1,782		48,364
HNI Corp.	1,336		48,096
IKON Office Solutions, Inc.	3,649		46,890
Knoll, Inc.	1,395		24,747
Office Depot, Inc. *	7,234		149,165
OfficeMax, Inc.	2,075		71,110
Steelcase, Inc. Class A	4,147		74,563
The Standard Register Company	1,453		18,468
United Stationers, Inc. *	834		46,304
			746,179
Paper - 0.25%
Bowater, Inc. (a)	1,753		26,155
Buckeye Technologies, Inc. *	1,446		21,892
Chesapeake Corp.	1,363		11,531
Domtar Corp. *	14,866		121,901
International Paper Company	12,130		435,103
MeadWestvaco Corp.	4,359		128,721
Neenah Paper, Inc. (a)	497		16,446
P.H. Glatfelter Company	1,581		23,462
Plum Creek Timber Company, Inc.	4,815		215,519
Potlatch Corp.	1,121		50,479
Rock-Tenn Company, Class A	1,140		32,946
Smurfit-Stone Container Corp. *	5,660		66,109
Temple-Inland, Inc.	2,652		139,575
Wausau-Mosinee Paper Corp.	1,831		20,416
Xerium Technologies, Inc.	2,060		11,124
			1,321,379
Petroleum Services - 2.00%
Atwood Oceanics, Inc. *	875		66,990
Baker Hughes, Inc.	8,669		783,417
Basic Energy Services, Inc. *	1,262		26,527
BJ Services Company	7,525		199,789
Bronco Drilling Company, Inc. * (a)	927		13,720
Complete Production Services, Inc. *	2,107		43,151
Delek US Holdings, Inc.	1,515		37,996
Diamond Offshore Drilling, Inc.	3,644		412,829
Dril-Quip, Inc. *	1,179		58,184
ENSCO International, Inc.	3,854		216,209
Exterran Holdings, Inc. *	1,570		126,134
Flotek Industries, Inc. *	654		28,874
Global Partners LP	483		14,079
GlobalSantaFe Corp.	6,103		463,950
Grey Wolf, Inc. *	5,506		36,064
GulfMark Offshore, Inc. *	671		32,651
Halliburton Company	23,907		918,029

The accompanying notes are an integral part of the financial statements. 

413

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services (continued)
Helmerich & Payne, Inc.	2,306	$	75,706
Hercules Offshore, Inc. * (a)	2,397		62,575
Hornbeck Offshore Services, Inc. *	829		30,424
ION Geophysical Corp. *	2,359		32,625
Linn Energy LLC	1,131		36,056
Magellan Midstream Holdings LP	1,712		45,197
Newpark Resources, Inc. *	2,824		15,137
Oceaneering International, Inc. *	1,513		114,685
PetroHawk Energy Corp. *	3,578		58,751
Petroleum Development Corp. *	446		19,780
Pioneer Drilling Company *	1,650		20,097
Pride International, Inc. *	3,983		145,579
Rentech, Inc. * (a)	5,330		11,513
RPC, Inc. (a)	2,879		40,910
Schlumberger, Ltd.	31,800		3,339,000
SEACOR Holdings, Inc. *	650		61,815
Smith International, Inc.	5,214		372,280
Superior Energy Services, Inc. *	2,390		84,702
Superior Well Services, Inc. *	793		18,025
T-3 Energy Services, Inc. *	523		22,301
Tesoro Corp.	3,453		158,907
TETRA Technologies, Inc. *	2,058		43,506
Tidewater, Inc.	1,582		99,413
Transocean, Inc. *	7,918		895,130
Trico Marine Services, Inc. *	483		14,393
Valero Energy Corp.	14,720		988,890
W-H Energy Services, Inc. *	860		63,425
World Fuel Services Corp.	824		33,627
			10,383,042
Pharmaceuticals - 3.75%
Abbott Laboratories	41,290		2,213,970
Adams Respiratory Therapeutics, Inc. * (a)	1,043		40,197
Affymax, Inc. *	507		13,719
Akorn, Inc. * (a)	2,617		19,601
Alexion Pharmaceuticals, Inc. *	1,042		67,886
Alkermes, Inc. *	3,012		55,421
Allergan, Inc.	8,140		524,786
Allos Therapeutics, Inc. * (a)	2,586		12,283
Altus Pharmaceuticals, Inc. *	1,133		11,885
AMAG Pharmaceuticals, Inc. * (a)	420		24,024
AmerisourceBergen Corp.	4,927		223,341
Amylin Pharmaceuticals, Inc. * (a)	3,222		161,100
Array BioPharma, Inc. *	1,395		15,666
Auxilium Pharmaceuticals, Inc. *	1,177		24,811
Barr Pharmaceuticals, Inc. *	2,596		147,738
Biocryst Pharmaceuticals, Inc. * (a)	1,324		9,559
Bradley Pharmaceuticals, Inc., Class A *	628		11,430
Bristol-Myers Squibb Company	54,318		1,565,445
Cadence Pharmaceuticals, Inc. * (a)	1,042		14,588
Caraco Pharmaceutical Labs *	958		14,609
Celgene Corp. *	10,034		715,525

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
CollaGenex Pharmaceuticals, Inc. *	1,057	$	9,492
Cubist Pharmaceuticals, Inc. *	1,628		34,400
CytRx Corp. *	2,665		9,221
Eli Lilly & Company	30,355		1,728,110
Emergent Biosolutions, Inc. *	976		8,667
Endo Pharmaceutical Holdings, Inc. *	3,197		99,139
Enzon Pharmaceuticals, Inc. * (a)	1,941		17,100
Forest Laboratories, Inc. *	8,508		317,263
Gilead Sciences, Inc. *	24,510		1,001,724
Hospira, Inc. *	3,860		159,997
Idenix Pharmaceuticals, Inc. * (a)	2,211		6,390
Indevus Pharmaceuticals, Inc. * (a)	2,544		17,579
Infinity Pharmaceuticals, Inc. *	1,143		10,356
Inspire Pharmaceuticals, Inc. *	1,656		8,893
Isis Pharmaceuticals, Inc. * (a)	2,386		35,718
Javelin Pharmaceuticals, Inc. *	1,659		8,328
King Pharmaceuticals, Inc. *	5,885		68,972
Ligand Pharmaceuticals, Inc., Class B *	3,180		16,981
Medicis Pharmaceutical Corp., Class A (a)	1,598		48,755
Merck & Company, Inc.	58,429		3,020,195
Molecular Insight Pharmaceuticals, Inc. *	1,062		7,211
Mylan Laboratories, Inc.	6,792		108,400
Nastech Pharmaceutical Company, Inc. * (a)	962		12,804
Noven Pharmaceuticals, Inc. * (a)	807		12,856
Onyx Pharmaceuticals, Inc. * (a)	1,310		57,011
Optimer Pharmaceuticals, Inc. *	1,337		11,110
OSI Pharmaceuticals, Inc. *	1,670		56,763
Par Pharmaceutical Companies, Inc. *	1,092		20,268
PDL BioPharma, Inc. *	3,295		71,205
Penwest Pharmaceuticals Company *	952		10,482
Pfizer, Inc.	186,554		4,557,514
PharMerica Corp. * (a)	828		12,350
Pharmion Corp. *	970		44,756
POZEN, Inc. *	1,043		11,536
Prestige Brands Holdings, Inc. *	1,615		17,733
Regeneron Pharmaceuticals, Inc. *	1,931		34,372
Rigel Pharmaceuticals, Inc. *	1,262		11,901
Salix Pharmaceuticals, Ltd. *	1,490		18,506
Santarus, Inc. * (a)	2,062		5,464
Schering-Plough Corp.	39,692		1,255,458
Sciele Pharma, Inc. * (a)	1,059		27,555
Sepracor, Inc. *	2,661		73,177
Somaxon Pharmaceuticals, Inc. *	695		7,068
SONUS Pharmaceuticals, Inc. *	2,139		1,326
Supergen, Inc. *	2,016		8,749
Synta Pharmaceuticals Corp. * (a)	1,707		11,266
Theravance, Inc. *	1,810		47,223
Trubion Pharmaceuticals Inc *	691		8,382
United Therapeutics Corp. *	678		45,114
Valeant Pharmaceuticals International *	2,773		42,926
Vanda Pharmaceuticals, Inc. *	826		11,490
Vertex Pharmaceuticals, Inc. *	3,609		138,622

The accompanying notes are an integral part of the financial statements. 

414

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Vical, Inc. *	2,395	$	11,712
ViroPharma, Inc. *	2,089		18,592
Warner Chilcott, Ltd., Class A *	7,090		125,989
Watson Pharmaceuticals, Inc. *	2,292		74,261
XOMA, Ltd. * (a)	3,829		13,057
			19,519,073
Photography - 0.04%
CPI Corp.	229		8,821
Eastman Kodak Company (a)	7,354		196,793
			205,614
Plastics - 0.01%
AEP Industries, Inc. *	343		14,522
Spartech Corp.	928		15,832
			30,354
Pollution Control - 0.00%
Fuel Tech, Inc. * (a)	720		15,905
Publishing - 0.33%
American Greetings Corp., Class A	1,612		42,557
Consolidated Graphics, Inc. *	401		25,179
Courier Corp.	480		16,901
Dow Jones & Company, Inc.	2,274		135,758
Gannett Company, Inc.	6,007		262,506
GateHouse Media, Inc. (a)	1,186		15,121
Idearc, Inc.	4,027		126,730
John Wiley & Sons, Inc., Class A	1,576		70,810
Martha Stewart Living
Omnimedia, Inc., Class A * (a)	1,656		19,292
McClatchy Company, Class A (a)	2,297		45,894
McGraw-Hill Companies, Inc.	9,479		482,576
Media General, Inc., Class A	741		20,385
Meredith Corp.	1,165		66,754
Multi-Color Corp.	615		14,034
Playboy Enterprises, Inc., Class B *	1,549		16,636
PRIMEDIA, Inc. *	1,411		19,803
Scholastic Corp. *	707		24,646
Sun-Times Media Group, Inc. *	2,792		6,338
The New York Times Company, Class A (a)	3,259		64,398
Tribune Company	3,343		91,331
Valassis Communications, Inc. *	1,477		13,175
Value Line, Inc.	391		19,265
VistaPrint, Ltd. *	1,222		45,666
Warner Music Group Corp.	4,285		43,278
			1,689,033
Railroads & Equipment - 0.55%
Burlington Northern Santa Fe Corp.	9,670		784,914
CSX Corp.	11,790		503,787
Genesee & Wyoming, Inc., Class A *	1,282		36,973
Greenbrier Company, Inc. (a)	617		16,480
Kansas City Southern *	2,130		68,522
Norfolk Southern Corp.	10,738		557,409

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Railroads & Equipment (continued)
Union Pacific Corp.	7,201	$	814,145
Wabtec Corp.	1,398		52,369
			2,834,599
Real Estate - 1.95%
Acadia Realty Trust, REIT	936		25,394
Alesco Financial, Inc., REIT (a)	1,756		8,640
Alexander's, Inc., REIT *	149		57,439
Alexandria Real Estate Equities, Inc., REIT	762		73,350
AMB Property Corp., REIT	2,645		158,197
American Campus Communities, Inc., REIT	767		22,465
American Financial Realty Trust, REIT	4,254		34,245
American Land Lease, Inc., REIT	1,000		22,470
Annaly Capital Management, Inc., REIT	7,046		112,243
Anthracite Capital, Inc., REIT (a)	221		2,011
Anworth Mortgage Asset Corp., REIT	1,800		9,702
Apartment Investment & Management
Company, Class A, REIT	2,302		103,889
Archstone-Smith Trust, REIT	5,773		347,188
Ashford Hospitality Trust, Inc., REIT	3,419		34,361
Associated Estates Realty Corp., REIT	1,085		14,148
Avalon Bay Communities, Inc., REIT	2,034		240,134
Avatar Holdings, Inc. * (a)	260		12,982
BioMed Realty Trust, Inc., REIT	1,916		46,176
Boston Properties, Inc., REIT	3,042		316,064
Brandywine Realty Trust, REIT	2,400		60,744
BRE Properties, Inc., Class A, REIT	1,355		75,785
Brookfield Properties Corp. (a)	9,574		238,393
Camden Property Trust, REIT	1,477		94,897
Capital Lease Funding, Inc., REIT	1,728		17,712
Capital Trust, Inc., Class A, REIT (a)	502		17,821
CBL & Associates Properties, Inc., REIT	1,768		61,968
CBRE Realty Finance Inc., REIT	1,254		7,399
Cedar Shopping Centers, Inc., REIT	1,441		19,626
Cogdell Spencer, Inc., REIT	279		5,162
Colonial Properties Trust, REIT (a)	1,286		44,110
Corporate Office Properties Trust, REIT	1,205		50,164
Cousins Properties, Inc., REIT	1,495		43,893
Crystal River Capital, Inc., REIT (a)	759		12,759
DCT Industrial Trust, Inc., REIT	5,038		52,748
Deerfield Triarc Capital Corp., REIT	1,600		14,480
Developers Diversified Realty Corp., REIT	2,947		164,649
DiamondRock Hospitality Company, REIT	2,817		49,044
Digital Realty Trust, Inc., REIT	1,540		60,661
Douglas Emmett, Inc., REIT	3,273		80,941
Duke Realty Corp., REIT	3,666		123,947
EastGroup Properties, Inc., REIT	756		34,217
Education Realty Trust, Inc., REIT	40		540
Entertainment Properties Trust, REIT	756		38,405
Equity Inns, Inc., REIT	1,583		35,744
Equity Lifestyle Properties, Inc., REIT	720		37,296
Equity One, Inc., REIT	2,115		57,528
Equity Residential, REIT	7,752		328,375

The accompanying notes are an integral part of the financial statements. 

415

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Essex Property Trust, Inc., REIT	611	$	71,835
Extra Space Storage, Inc., REIT	2,058		31,673
Federal Realty Investment Trust, REIT	1,482		131,305
FelCor Lodging Trust, Inc., REIT	1,842		36,711
First Industrial Realty Trust, Inc., REIT	1,256		48,821
First Potomac Realty Trust, REIT	846		18,443
Forest City Enterprises, Inc., Class A	2,844		156,875
Franklin Street Properties Corp., REIT (a)	2,286		39,434
General Growth Properties, Inc., REIT	6,426		344,562
Getty Realty Corp., REIT	865		23,528
Gladstone Commercial Corp., REIT	1,100		20,570
GMH Communities Trust, REIT	1,694		13,128
Gramercy Captial Corp., REIT	793		19,960
Grubb & Ellis Company *	1,128		10,490
HCP, Inc., REIT *	5,752		190,794
Health Care REIT, Inc. (a)	1,914		84,675
Healthcare Realty Trust, Inc., REIT	1,413		37,671
Highwoods Properties, Inc., REIT	1,577		57,829
Hilltop Holdings, Inc. *	1,952		22,916
Home Properties, Inc., REIT (a)	892		46,545
Hospitality Properties Trust, REIT	2,131		86,625
Host Hotels & Resorts, Inc., REIT	13,851		310,816
HRPT Properties Trust, REIT	6,008		59,419
Impac Mortgage Holdings, Inc., REIT (a)	2,798		4,309
Inland Real Estate Corp., REIT	2,174		33,675
Investors Real Estate Trust, SBI, REIT (a)	270		2,916
iStar Financial, Inc., REIT	3,391		115,260
Jones Lang LaSalle, Inc.	1,002		102,966
Kilroy Realty Corp., REIT	889		53,900
Kimco Realty Corp., REIT	6,468		292,418
Kite Realty Group Trust, REIT	65		1,222
LaSalle Hotel Properties, REIT	1,115		46,919
Lexington Corporate Property Trust, REIT (a)	2,015		40,320
Liberty Property Trust, REIT	2,328		93,609
LTC Properties, Inc., REIT	894		21,161
Luminent Mortgage Capital, Inc., REIT (a)	1,878		3,136
Mack-California Realty Corp., REIT	1,813		74,514
Maguire Properties, Inc., REIT	1,372		35,439
Meruelo Maddux Properties, Inc. *	2,531		14,958
MFA Mortgage Investments, Inc., REIT	2,699		21,727
Mid-America Apartment Communities, Inc.,
REIT	724		36,091
Mission West Properties, Inc., REIT	1,252		15,212
Monmouth Real Estate Investment Corp.	2,950		24,839
National Health Investments, Inc., REIT	842		26,026
National Health Realty, Inc., REIT	1,038		24,154
National Retail Properties, Inc., REIT	1,733		42,251
Nationwide Health Properties, Inc., REIT	2,355		70,956
Newcastle Investment Corp., REIT (a)	1,384		24,386
NorthStar Realty Finance Corp., REIT (a)	1,799		17,864
Omega Healthcare Investors, REIT	1,967		30,548
One Liberty Properties, Inc., REIT	50		973

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Pennsylvania Real Estate
Investment Trust, REIT	1,017	$	39,602
Post Properties, Inc., REIT (a)	1,149		44,466
ProLogis, REIT	6,583		436,782
PS Business Parks, Inc., REIT	664		37,748
Public Storage, Inc., REIT	4,527		356,049
Quadra Realty Trust, Inc., REIT	1,207		11,503
RAIT Investment Trust, REIT (a)	1,061		8,732
Ramco-Gershenson Properties Trust, REIT	564		17,619
Reading International, Inc. *	2,000		19,700
Realty Income Corp., REIT (a)	2,771		77,449
Redwood Trust, Inc., REIT (a)	756		25,114
Regency Centers Corp., REIT	1,830		140,453
Republic Property Trust, REIT	47		689
Resource Capital Corp., REIT (a)	1,026		11,553
Saul Centers, Inc., REIT	518		26,677
Senior Housing Properties Trust, REIT	2,430		53,606
Simon Property Group, Inc., REIT	5,942		594,200
SL Green Realty Corp., REIT	1,478		172,586
Sovran Self Storage, Inc., REIT	626		28,696
Strategic Hotel Cap, Inc., REIT	2,234		45,998
Sunstone Hotel Investors, Inc., REIT	1,717		44,024
Tanger Factory Outlet Centers, Inc., REIT	936		37,992
Tarragon Realty Investments, Inc. *	1,257		3,293
Taubman Centers, Inc., REIT	1,491		81,632
The Macerich Company, REIT	1,957		171,394
The St. Joe Company, REIT (a)	2,082		69,976
Thomas Properties Group, Inc.	898		10,776
Thornburg Mortgage, Inc., REIT (a)	3,012		38,704
UDR, Inc., REIT	3,771		91,711
UMH Properties, REIT	343		4,775
United Capital Corp. *	431		11,422
Urstadt Biddle Properties, Inc., REIT	262		4,339
U-Store-It Trust, REIT	1,894		25,001
Ventas, Inc., REIT	3,455		143,037
Vestin Realty Mortgage II, Inc.	3,058		15,045
Vornado Realty Trust, REIT	4,057		443,633
W. P. Carey & Company LLC	1,171		36,887
Washington Real Estate Investment Trust,
REIT	1,301		43,167
Weingarten Realty Investors, REIT	2,258		93,617
Winthrop Realty Trust, REIT (a)	2,862		19,261
			10,145,388
Retail Grocery - 0.30%
Arden Group, Inc.	140		19,534
Ingles Markets, Inc.	802		22,985
Nash Finch Company (a)	456		18,163
Pathmark Stores, Inc. *	1,785		22,759
PriceSmart, Inc. *	1,062		25,063
Ruddick Corp.	1,321		44,306
Safeway, Inc.	11,913		394,439
SUPERVALU, Inc.	5,305		206,948

The accompanying notes are an integral part of the financial statements. 

416

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Grocery (continued)
The Great Atlantic & Pacific Tea Company,
Inc. * (a)	1,206	$	36,735
The Kroger Company	18,996		541,766
United Natural Foods, Inc. *	1,284		34,951
Weis Markets, Inc.	739		31,548
Whole Foods Market, Inc. (a)	3,482		170,479
			1,569,676
Retail Trade - 4.10%
99 Cents Only Stores *	2,044		20,992
A.C. Moore Arts & Crafts, Inc. *	774		12,198
Aaron Rents, Inc., Class B	1,563		34,855
Abercrombie & Fitch Company, Class A	2,177		175,684
Advance Auto Parts, Inc.	2,952		99,069
Aeropostale, Inc. *	2,241		42,713
American Eagle Outfitters, Inc.	5,548		145,968
AnnTaylor Stores Corp. *	1,990		63,023
Barnes & Noble, Inc.	1,852		65,302
Bed Bath & Beyond, Inc. *	7,357		251,021
Benihana, Inc. *	275		4,711
Best Buy Company, Inc.	13,137		604,565
Big 5 Sporting Goods Corp.	767		14,343
Big Lots, Inc. *	3,063		91,400
BJ's Wholesale Club, Inc. *	1,807		59,920
Bon-Ton Stores, Inc. (a)	533		12,110
Borders Group, Inc. (a)	1,847		24,620
Build A Bear Workshop, Inc. *	656		11,651
Building Materials Holding Corp. (a)	1,001		10,591
Cabela's, Inc. * (a)	2,107		49,831
CarMax, Inc. *	5,164		104,984
Carrols Restaurant Group, Inc. * (a)	933		10,450
Casey's General Stores, Inc.	1,497		41,467
Cash America International, Inc.	880		33,088
Casual Male Retail Group, Inc. *	1,459		13,073
Cato Corp., Class A	948		19,377
Charlotte Russe Holding, Inc. *	755		11,053
Charming Shoppes, Inc. *	3,551		29,828
Chico's FAS, Inc. *	4,191		58,884
Children's Place Retail Stores, Inc. *	836		20,298
Christopher & Banks Corp. (a)	1,178		14,277
Circuit City Stores, Inc.	4,941		39,083
Citi Trends, Inc. *	430		9,357
Coldwater Creek, Inc. *	2,655		28,833
Collective Brands, Inc. *	1,833		40,436
Conn's, Inc. * (a)	759		18,132
Costco Wholesale Corp.	12,323		756,263
CSS Industries, Inc.	449		16,151
CVS Caremark Corp.	40,918		1,621,580
Deb Shops, Inc.	571		15,354
Dick's Sporting Goods, Inc. *	1,445		97,032
Dillard's, Inc., Class A	2,209		48,222
Dollar Tree Stores, Inc. *	2,409		97,661
DSW, Inc., Class A *	1,272		32,016

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Eddie Bauer Holdings, Inc. *	1,106	$	9,512
Family Dollar Stores, Inc.	3,639		96,652
Finish Line, Inc.	1,484		6,441
First Cash Financial Services, Inc. *	986		23,092
Foot Locker, Inc.	4,307		66,026
Fossil, Inc. *	1,950		72,852
Fred's, Inc., Class A	1,307		13,763
FTD Group, Inc.	974		14,493
Gaiam, Inc., Class A *	1,078		25,904
GameStop Corp., Class A *	4,215		237,515
Gander Mountain Company * (a)	878		4,750
Gap, Inc.	21,760		401,254
Genesco, Inc. *	641		29,569
Guitar Center, Inc. *	857		50,820
Haverty Furniture Companies, Inc.	1,106		9,700
Hibbett Sports, Inc. *	1,008		24,998
Home Depot, Inc.	45,233		1,467,359
Hot Topic, Inc. *	1,447		10,795
Inergy Holdings LP	597		28,477
J. Crew Group, Inc. *	1,664		69,056
J.C. Penney Company, Inc.	6,013		381,044
Jo-Ann Stores, Inc. *	725		15,297
Kenneth Cole Productions, Inc., Class A	826		16,000
Kohl's Corp. *	8,802		504,619
Limited Brands, Inc.	10,314		236,087
Longs Drug Stores Corp.	1,063		52,799
Lowe's Companies, Inc.	41,089		1,151,314
Macy's, Inc.	11,625		375,720
Marinemax, Inc. * (a)	662		9,639
MSC Industrial Direct Company, Inc., Class A	1,852		93,693
NBTY, Inc. *	1,889		76,693
New York & Company, Inc. *	1,749		10,669
NexCen Brands, Inc. *	1,568		10,537
Nordstrom, Inc.	6,822		319,884
Pacific Sunwear of California, Inc. *	2,017		29,852
Pantry, Inc. *	666		17,070
PC Connection, Inc. *	930		11,625
PetSmart, Inc.	3,181		101,474
Pier 1 Imports, Inc. * (a)	3,063		14,488
RadioShack Corp.	3,196		66,029
Regis Corp.	1,256		40,079
Rent-A-Center, Inc. *	1,972		35,752
Retail Ventures, Inc. *	1,498		15,594
Rite Aid Corp. * (a)	14,955		69,092
Ross Stores, Inc.	3,942		101,073
Saks, Inc. *	3,925		67,314
School Specialty, Inc. *	712		24,657
Sears Holdings Corp. *	4,120		524,064
Shoe Carnival, Inc. *	480		7,574
Sonic Automotive, Inc.	1,235		29,566
Spectrum Brands, Inc. * (a)	1,928		11,182
Staples, Inc.	19,778		425,029

The accompanying notes are an integral part of the financial statements. 

417

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Stein Mart, Inc.	1,342	$	10,213
Susser Holdings Corp. *	857		18,211
Systemax, Inc. * (a)	1,068		21,830
Talbots, Inc.	1,547		27,846
Target Corp.	23,050		1,465,288
The Buckle, Inc.	819		31,073
The Dress Barn, Inc. *	1,782		30,312
The Men's Wearhouse, Inc.	1,491		75,325
The TJX Companies, Inc.	12,022		349,480
The Wet Seal, Inc., Class A *	2,916		11,285
Tiffany & Company	3,384		177,152
Tractor Supply Company * (a)	1,145		52,773
Tuesday Morning Corp. (a)	1,518		13,647
Tween Brands, Inc. *	922		30,278
United Rentals, Inc. *	2,320		74,634
Urban Outfitters, Inc. *	3,875		84,475
ValueVision Media, Inc., Class A *	1,495		11,078
Walgreen Company	27,141		1,282,141
Wal-Mart Stores, Inc.	112,036		4,890,371
Williams-Sonoma, Inc.	3,100		101,122
Zale Corp. *	1,388		32,118
Zumiez, Inc. * (a)	790		35,052
			21,305,707
Sanitary Services - 0.29%
Allied Waste Industries, Inc. *	8,745		111,499
Aqua America, Inc. (a)	3,636		82,464
Casella Waste Systems, Inc., Class A *	1,431		17,945
Darling International, Inc. *	2,586		25,575
Ecolab, Inc.	6,563		309,774
Insituform Technologies, Inc., Class A * (a)	910		13,859
Nalco Holding Company	3,257		96,570
Republic Services, Inc.	5,241		171,433
Stericycle, Inc. *	1,086		62,076
Waste Connections, Inc. *	1,774		56,342
Waste Management, Inc.	14,290		539,305
			1,486,842
Semiconductors - 2.54%
Actel Corp. *	1,034		11,095
Advanced Analogic Technologies, Inc. *	1,668		17,747
Advanced Energy Industries, Inc. *	1,319		19,917
Advanced Micro Devices, Inc. *	14,140		186,648
Altera Corp.	9,102		219,176
American Superconductor Corp. * (a)	1,329		27,218
Amis Holdings, Inc. *	1,223		11,875
Amkor Technology, Inc. *	5,151		59,340
Analog Devices, Inc.	8,834		319,437
Applied Materials, Inc.	37,234		770,744
Applied Micro Circuits Corp. *	8,782		27,751
Asyst Technologies, Inc. *	1,905		10,077
Atmel Corp. *	13,953		71,997
ATMI, Inc. *	1,044		31,059

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Axcelis Technologies, Inc. *	3,048	$	15,575
Broadcom Corp., Class A *	14,842		540,842
Brooks Automation, Inc. *	2,266		32,268
Cabot Microelectronics Corp. * (a)	698		29,839
Cavium Networks, Inc. * (a)	1,273		41,372
Cirrus Logic, Inc. *	2,717		17,389
Conexant Systems, Inc. *	15,418		18,502
Credence Systems Corp. *	3,584		11,075
Cree, Inc. * (a)	2,268		70,535
Cymer, Inc. *	1,081		41,500
Cypress Semiconductor Corp. *	4,082		119,235
Diodes, Inc. *	1,176		37,750
DSP Group, Inc. *	1,003		15,877
Emulex Corp. *	2,520		48,308
Entegris, Inc. *	3,876		33,644
Fairchild Semiconductor International, Inc. *	3,413		63,755
FormFactor, Inc. *	1,333		59,145
Genesis Microchip, Inc. *	1,414		11,086
Hittite Microwave Corp. *	880		38,852
Integrated Device Technology, Inc. *	4,164		64,459
Intel Corp.	156,193		4,039,151
International Rectifier Corp. *	1,998		65,914
Intersil Corp., Class A	3,177		106,207
IXYS Corp. *	1,392		14,519
KLA-Tencor Corp.	5,136		286,486
Kopin Corp. *	3,819		14,550
Kulicke & Soffa Industries, Inc. * (a)	1,889		16,019
Lam Research Corp. *	3,584		190,884
Lattice Semiconductor Corp. *	3,796		17,044
Linear Technology Corp. (a)	7,810		273,272
LSI Logic Corp. *	19,276		143,028
LTX Corp. *	2,383		8,507
Marvell Technology Group, Ltd. *	15,222		249,184
Mattson Technology, Inc. *	1,852		16,020
Maxim Integrated Products, Inc.	8,939		262,360
MEMC Electronic Materials, Inc. *	5,919		348,392
Micrel, Inc.	2,462		26,590
Microchip Technology, Inc.	5,908		214,579
Micron Technology, Inc. *	19,625		217,837
Microsemi Corp. * (a)	2,195		61,197
Microtune, Inc. *	2,688		16,182
MIPS Technologies, Inc., Class A *	1,646		13,003
MKS Instruments, Inc. *	1,682		31,992
Monolithic Power Systems, Inc. *	1,134		28,804
National Semiconductor Corp.	8,232		223,252
Netlogic Microsystems, Inc. * (a)	647		23,363
Novellus Systems, Inc. *	3,423		93,311
NVIDIA Corp. *	14,112		511,419
OmniVision Technologies, Inc. * (a)	1,728		39,277
ON Semiconductor Corp. *	8,316		104,449
Pericom Semiconductor Corp. *	1,376		16,127
Photronics, Inc. *	1,284		14,650

The accompanying notes are an integral part of the financial statements. 

418

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
PLX Technology, Inc. *	1,191	$	12,863
PMC-Sierra, Inc. *	6,217		52,161
QLogic Corp. *	4,474		60,175
Rambus, Inc. *	2,968		56,718
Rudolph Technologies, Inc. *	1,038		14,356
Semitool, Inc. * (a)	1,231		11,941
Semtech Corp. *	2,290		46,899
Silicon Image, Inc. *	2,649		13,642
Silicon Laboratories, Inc. *	1,564		65,313
Skyworks Solutions, Inc. *	4,962		44,856
Spansion, Inc. *	3,917		33,099
Teradyne, Inc. *	5,338		73,664
Tessera Technologies, Inc. *	1,358		50,925
Texas Instruments, Inc.	39,900		1,459,941
Triquint Semiconductor, Inc. *	4,340		21,309
Ultratech, Inc. *	1,078		14,941
Varian Semiconductor Equipment
Associates, Inc. *	2,382		127,485
Veeco Instruments, Inc. *	1,061		20,562
Volterra Semiconductor Corp. * (a)	927		11,384
Xilinx, Inc.	8,580		224,281
			13,199,173
Software - 3.07%
ACI Worldwide, Inc. *	1,062		23,736
Activision, Inc. *	6,847		147,827
Actuate Corp. *	2,317		14,945
Adobe Systems, Inc. *	15,945		696,159
Advent Software, Inc. *	885		41,568
Allscripts Healthcare Solution, Inc. *	1,609		43,491
American Reprographics Company *	1,301		24,355
Ansoft Corp. *	726		23,943
ANSYS, Inc. *	2,186		74,696
Aspen Technology, Inc. *	1,618		23,170
Autodesk, Inc. *	6,050		302,319
Avid Technology, Inc. * (a)	1,220		33,038
BEA Systems, Inc. *	9,495		131,696
Blackbaud, Inc.	1,264		31,903
Blackboard, Inc. *	829		38,001
BMC Software, Inc. *	5,157		161,053
Borland Software Corp. *	3,134		13,633
Bottomline Technologies, Inc. *	1,024		12,831
CA, Inc.	14,059		361,597
CIBER, Inc. *	2,213		17,284
Citrix Systems, Inc. *	4,542		183,133
Commvault Systems, Inc. *	1,337		24,761
Compuware Corp. *	7,589		60,864
Concur Technologies, Inc. *	1,164		36,689
DivX, Inc. * (a)	1,043		15,509
Double-Take Software, Inc. *	778		14,868
Eclipsys Corp. *	1,632		38,058
Epicor Software Corp. *	1,807		24,882
EPIQ Systems, Inc. *	1,044		19,648

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software (continued)
FARO Technologies, Inc. *	531	$	23,444
Genpact, Ltd. *	5,340		90,513
Glu Mobile, Inc. * (a)	1,146		10,394
Guidance Software, Inc. * (a)	970		12,290
i2 Technologies, Inc. * (a)	728		11,102
Igate Corp. *	1,984		17,003
InfoUSA, Inc.	1,943		18,050
Innerworkings, Inc. * (a)	1,589		27,378
Interactive Intelligence, Inc. *	686		13,034
Intuit, Inc. *	9,085		275,276
iPass, Inc. * (a)	2,897		12,167
JDA Software Group, Inc. *	991		20,474
Lawson Software, Inc. *	5,532		55,375
Macrovision Corp. *	1,532		37,733
Magma Design Automation, Inc. *	1,280		18,010
Manhattan Associates, Inc. *	820		22,476
ManTech International Corp. *	1,048		37,707
Microsoft Corp.	252,694		7,444,365
MicroStrategy, Inc., Class A *	371		29,435
Midway Games, Inc. * (a)	3,160		13,778
MSC Software Corp. *	1,474		20,076
NAVTEQ Corp. *	2,182		170,131
Novell, Inc. *	9,816		74,994
Nuance Communications, Inc. * (a)	4,964		95,855
Omnicell, Inc. *	885		25,258
Omniture, Inc. * (a)	1,451		43,994
OpenTV Corp., Class A * (a)	5,723		8,470
Oracle Corp. *	139,294		3,015,715
Packeteer, Inc. * (a)	1,309		9,948
PDF Solutions, Inc. *	1,208		11,935
Pegasystems, Inc.	1,592		18,945
Progress Software Corp. *	1,221		36,996
QAD, Inc.	1,581		13,691
Quality Systems, Inc.	804		29,451
Red Hat, Inc. *	4,576		90,925
Riverbed Technology, Inc. *	1,995		80,578
Secure Computing Corp. *	2,156		20,978
Smith Micro Software, Inc. * (a)	909		14,599
Solera Holdings, Inc. *	2,042		36,736
SPSS, Inc. *	621		25,548
Sybase, Inc. *	2,542		58,796
Synchronoss Technologies, Inc. *	980		41,219
Take-Two Interactive Software, Inc. * (a)	2,138		36,517
Taleo Corp. *	895		22,742
THQ, Inc. *	1,853		46,288
Tradestation Group, Inc. *	1,499		17,493
TriZetto Group, Inc. *	1,324		23,183
Ultimate Software Group, Inc. *	775		27,048
Unica Corp. *	983		11,039
VeriFone Holdings, Inc. *	2,316		102,668
VMware, Inc. Class A *	10,217		868,445

The accompanying notes are an integral part of the financial statements. 

419

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software (continued)
Websense, Inc. *	1,350	$	26,636
			15,952,558
Steel - 0.32%
AK Steel Holding Corp. *	3,169		139,278
Allegheny Technologies, Inc.	2,652		291,587
Carpenter Technology Corp.	707		91,917
Claymont Steel, Inc. *	698		14,135
Northwest Pipe Company *	388		14,674
Nucor Corp.	8,187		486,881
Olympic Steel, Inc.	408		11,081
Ryerson, Inc.	751		25,339
Schnitzer Steel Industries, Inc.	885		64,862
Steel Dynamics, Inc.	2,132		99,564
United States Steel Corp.	3,167		335,512
Wheeling-Pittsburgh Corp. *	538		10,383
Worthington Industries, Inc. (a)	2,466		58,099
			1,643,312
Telecommunications Equipment &
Services - 1.85%
ADC Telecommunications, Inc. *	3,431		67,282
ADTRAN, Inc. (a)	2,069		47,649
Alaska Communications Systems Group, Inc.	1,489		21,516
American Tower Corp., Class A *	11,462		499,055
Andrew Corp. *	3,224		44,652
Arris Group, Inc. *	3,166		39,100
Aruba Networks, Inc. *	2,213		44,260
Atheros Communications, Inc. *	1,555		46,603
Avaya, Inc. *	11,722		198,805
C-COR, Inc. *	1,584		18,200
Ciena Corp. *	2,471		94,096
Citizens Communications Company	8,849		126,718
Clearwire Corp., Class A *	4,696		114,770
CommScope, Inc. *	1,698		85,308
Comtech Telecommunications Corp. *	683		36,534
Consolidated Communications Holdings, Inc.	231		4,530
Corning, Inc.	42,168		1,039,441
CPI International, Inc. *	735		13,972
Ditech Networks, Inc. *	1,505		7,931
Embarq Corp.	3,807		211,669
Fairpoint Communications, Inc.	1,319		24,876
FiberTower Corp. *	4,651		17,860
Finisar Corp. * (a)	9,193		25,740
General Communication, Inc., Class A *	1,771		21,500
GeoEye, Inc. *	779		20,059
Global Crossing, Ltd. * (a)	1,102		23,230
Globalstar, Inc. * (a)	2,271		16,646
Harmonic, Inc. *	2,361		25,050
Harris Stratex Networks, Inc., Class A *	1,894		33,088
Hughes Communications, Inc. *	574		29,762
Hungarian Telephone & Cable Corp. *	525		10,322
iBasis, Inc. *	1,338		14,384

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services (continued)
ICO Global Communications Holdings, Ltd. * (a)	6,141	$	21,371
InterDigital, Inc. *	1,555		32,313
Iowa Telecommunications Services, Inc.	945		18,758
J2 Global Communications, Inc. *	1,416		46,346
JDS Uniphase Corp. *	6,074		90,867
Level 3 Communications, Inc. *	33,290		154,799
Loral Space & Communications, Inc. *	588		23,373
Mastec, Inc. *	2,058		28,956
MRV Communications, Inc. *	4,593		11,391
NEON Communications Group, Inc. *	3,048		14,935
NeuStar, Inc., Class A *	2,104		72,146
Nextwave Wireless, Inc. * (a)	2,605		14,901
NTELOS Holdings Corp.	1,412		41,598
Oplink Communications, Inc. *	828		11,310
OpNext, Inc. *	1,883		21,843
Optium Corp. * (a)	890		9,238
Orbcomm, Inc. * (a)	1,291		9,721
PAETEC Holding Corp. *	2,783		34,704
Plantronics, Inc.	1,435		40,969
Polycom, Inc. *	2,542		68,278
Powerwave Technologies, Inc. *	4,178		25,737
Premiere Global Services, Inc. *	565		7,147
QUALCOMM, Inc.	44,402		1,876,429
RCN Corp. * (a)	1,208		14,858
SAVVIS, Inc. *	1,508		58,480
SBA Communications Corp. *	3,024		106,687
Shenandoah Telecommunications Company	1,218		26,504
Sirenza Microdevices, Inc. *	1,735		29,998
Sonus Networks, Inc. *	7,319		44,646
SureWest Communications	684		17,107
Symmetricom, Inc. *	2,032		9,550
Tekelec, Inc. *	2,131		25,785
Tellabs, Inc. *	12,642		120,352
UTStarcom, Inc. * (a)	3,921		14,351
Verizon Communications, Inc.	77,577		3,435,110
Viasat, Inc. *	875		26,976
Vonage Holdings Corp. * (a)	5,191		5,347
			9,637,489
Telephone - 1.88%
AT&T, Inc.	164,291		6,951,152
Atlantic Tele-Network, Inc.	571		20,756
Cbeyond Communications, Inc. *	852		34,753
Centennial Communications Corp., Class A *	3,354		33,942
CenturyTel, Inc.	3,103		143,421
Cincinnati Bell, Inc. *	7,490		37,001
Harris Corp.	3,721		215,037
IDT Corp. (a)	3,061		25,621
Qwest Communications International, Inc. *	50,514		462,708
Sprint Nextel Corp.	77,742		1,477,098
U.S. Cellular Corp. *	2,347		230,475

The accompanying notes are an integral part of the financial statements. 

420

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Telephone (continued)
Windstream Corp.	10,935	$	154,402
			9,786,366
Tires & Rubber - 0.05%
Cooper Tire & Rubber Company	1,820		44,408
Goodyear Tire & Rubber Company *	5,547		168,684
Myers Indiana, Inc.	1,042		20,653
			233,745
Tobacco - 0.95%
Alliance One International, Inc. *	3,015		19,718
Altria Group, Inc.	56,375		3,919,754
Loews Corp. - Carolina Group	2,739		225,228
Reynolds American, Inc. (a)	7,919		503,569
Schweitzer Mauduit International, Inc.	694		16,170
Universal Corp.	714		34,950
UST, Inc.	4,113		204,005
Vector Group, Ltd.	1,793		40,190
			4,963,584
Toys, Amusements & Sporting Goods - 0.08%
Hasbro, Inc.	3,801		105,972
Jakks Pacific, Inc. *	841		22,463
Marvel Entertainment, Inc. *	2,428		56,913
Mattel, Inc.	9,818		230,330
Russ Berrie & Company, Inc. *	984		16,531
			432,209
Transportation - 0.30%
Aircastle, Ltd.	1,789		59,788
Alexander & Baldwin, Inc.	1,211		60,707
American Commercial Lines, Inc. * (a)	1,760		41,765
Arlington Tankers, Ltd. (a)	742		18,276
Atlas Air Worldwide Holdings, Inc. *	611		31,546
Bristow Group, Inc. *	627		27,406
C.H. Robinson Worldwide, Inc.	4,542		246,585
Con-way, Inc.	963		44,298
Eagle Bulk Shipping, Inc.	1,242		31,969
Excel Maritime Carriers Ltd.	658		36,716
Expeditors International of Washington, Inc.	5,528		261,474
Genco Shipping & Trading, Ltd. (a)	757		49,606
General Maritime Corp.	908		25,342
Horizon Lines, Inc.	1,038		31,690
Kirby Corp. *	999		44,096
K-Sea Transportation Partners LP	49		1,909
Laidlaw International, Inc.	2,195		77,308
Marten Transport, Ltd. *	844		13,006
Martin Midstream Partners LP *	32		1,171
Overseas Shipholding Group, Inc.	1,095		84,129
Pacer International, Inc.	1,166		22,212
Patriot Transportation Holding, Inc. * (a)	166		16,325
PHI, Inc. *	617		18,596
Saia, Inc. *	560		9,257
Ship Finance International, Ltd. (a)	1,969		51,726
Teekay LNG Partners LP *	1,112		37,519

Total Stock Market Index Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Transportation (continued)
Teekay Shipping Corp. (a)		1,997	$	117,444
U.S. Shipping Partners LP *		232		4,582
Universal Truckload Services, Inc. * (a)		677		14,867
UTI Worldwide, Inc.		2,777		63,816
				1,545,131
Travel Services - 0.01%
Ambassadors Group, Inc.		666		25,375
Trucking & Freight - 0.74%
Arkansas Best Corp.		772		25,214
Celadon Group, Inc. *		960		11,299
FedEx Corp.		8,211		860,102
Forward Air Corp.		985		29,333
Heartland Express, Inc. (a)		2,953		42,169
Hub Group, Inc., Class A *		1,205		36,186
J.B. Hunt Transport Services, Inc.		4,075		107,173
Knight Transportation, Inc. (a)		2,527		43,490
Landstar Systems, Inc.		1,621		68,033
Old Dominion Freight Lines, Inc. *		1,154		27,662
Oshkosh Truck Corp.		2,000		123,940
Plains All American Pipeline LP		2,785		151,755
Ryder Systems, Inc.		1,637		80,213
United Parcel Service, Inc., Class B		28,602		2,148,010
Wabash National Corp. (a)		1,176		13,277
Werner Enterprises, Inc.		2,302		39,479
YRC Worldwide, Inc. *		1,635		44,668
				3,852,003
Utility Service - 0.00%
SJW Corp. (a)		602		20,552
TOTAL COMMON STOCKS (Cost $382,682,605)			$	500,858,705
WARRANTS - 0.00%
Electrical Equipment - 0.00%
Optical Cable Corp.
(Expiration date 10/24/2007; strike
price $4.88)		24		0
TOTAL WARRANTS (Cost $0)			$	0
RIGHTS - 0.00%
Auto Parts - 0.00%
Exide Technologies (Expiration date
09/28/2007, Strike Price USD 6.55) *		2,004		0
Pharmaceuticals - 0.00%
OSI Pharmaceuticals, Inc. (Expiration date
06/12/2008) *		19		0
TOTAL RIGHTS (Cost $0)			$	0
SHORT TERM INVESTMENTS - 7.61%
Dresdner U.S. Finance, Inc.
5.16% due 10/01/2007	$	18,031,000	$	18,031,000
John Hancock Cash Investment Trust (c)		20,259,200		20,259,200

The accompanying notes are an integral part of the financial statements. 

421

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
U.S. Treasury Bills
4.82% due 10/18/2007	$	1,300,000	$	1,297,041
TOTAL SHORT TERM INVESTMENTS
(Cost $39,587,241)			$	39,587,241
Total Investments (Total Stock Market Index Trust)
(Cost $422,269,846) - 103.88%			$	540,445,946
Liabilities in Excess of Other Assets - (3.88)%				(20,208,320)
TOTAL NET ASSETS - 100.00%			$	520,237,626
U.S. Core Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.09%
Advertising - 0.04%
Omnicom Group, Inc.		7,300	$	351,057
Aerospace - 0.83%
General Dynamics Corp.		17,300		1,461,331
Goodrich Corp.		3,300		225,159
Lockheed Martin Corp.		27,600		2,994,324
Northrop Grumman Corp.		1,100		85,800
Rockwell Collins, Inc.		8,300		606,232
United Technologies Corp.		21,400		1,722,272
				7,095,118
Aluminum - 0.11%
Alcoa, Inc.		23,600		923,232
Apparel & Textiles - 1.90%
Cintas Corp.		10,700		396,970
Coach, Inc. *		127,900		6,045,833
Liz Claiborne, Inc.		39,400		1,352,602
Mohawk Industries, Inc. * (a)		5,000		406,500
NIKE, Inc., Class B		80,100		4,698,666
Polo Ralph Lauren Corp., Class A		6,500		505,375
VF Corp.		35,600		2,874,700
				16,280,646
Auto Parts - 0.42%
Autoliv, Inc.		11,000		657,250
AutoZone, Inc. *		20,200		2,346,028
Johnson Controls, Inc.		5,300		625,983
				3,629,261
Auto Services - 0.16%
AutoNation, Inc. *		75,300		1,334,316
Automobiles - 1.38%
Ford Motor Company *		346,600		2,942,634
General Motors Corp.		64,900		2,381,830
PACCAR, Inc.		76,300		6,504,575
				11,829,039
Banking - 1.79%
Bank of America Corp.		141,002		7,088,171

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
BB&T Corp.	31,600	$	1,276,324
Comerica, Inc.	25,600		1,312,768
Fifth Third Bancorp	16,300		552,244
First Horizon National Corp. (a)	12,300		327,918
National City Corp.	105,300		2,641,977
Popular, Inc. (a)	5,600		68,768
UnionBanCal Corp.	7,900		461,439
US Bancorp	50,300		1,636,259
			15,365,868
Broadcasting - 0.25%
CBS Corp., Class B	29,800		938,700
Liberty Media Corp. - Capital, Series A *	6,800		848,844
News Corp., Class A	14,400		316,656
			2,104,200
Building Materials & Construction - 0.20%
American Standard Companies, Inc.	26,900		958,178
Masco Corp.	31,000		718,270
			1,676,448
Business Services - 0.78%
Affiliated Computer Services, Inc., Class A *	10,800		542,592
DST Systems, Inc. *	1,100		94,391
Fiserv, Inc. *	59,000		3,000,740
Manpower, Inc.	4,600		296,010
Moody's Corp.	12,500		630,000
NCR Corp. *	9,000		448,200
Pitney Bowes, Inc.	17,100		776,682
R.R. Donnelley & Sons Company	11,800		431,408
Total Systems Services, Inc. (a)	17,700		491,706
			6,711,729
Cable & Television - 0.99%
Comcast Corp., Class A *	127,200		3,075,696
DIRECTV Group, Inc. *	55,900		1,357,252
Time Warner, Inc.	222,600		4,086,936
			8,519,884
Chemicals - 0.71%
Dow Chemical Company	52,000		2,239,120
E.I. Du Pont de Nemours & Company	37,800		1,873,368
Eastman Chemical Company	5,500		367,015
Lubrizol Corp.	11,500		748,190
Lyondell Chemical Company	10,000		463,500
PPG Industries, Inc.	4,900		370,195
			6,061,388
Colleges & Universities - 0.05%
ITT Educational Services, Inc. *	3,600		438,084
Computers & Business Equipment - 8.39%
Apple, Inc. *	65,200		10,010,808
CDW Corp. *	16,900		1,473,680
Cisco Systems, Inc. *	468,300		15,505,413
Cognizant Technology Solutions Corp.,
Class A *	9,800		781,746

The accompanying notes are an integral part of the financial statements. 

422

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
Dell, Inc. *	408,300	$	11,269,080
EMC Corp. *	184,600		3,839,680
Hewlett-Packard Company	61,300		3,052,127
International Business Machines Corp.	207,400		24,431,720
Juniper Networks, Inc. *	6,300		230,643
Lexmark International, Inc. *	31,000		1,287,430
			71,882,327
Construction Materials - 0.14%
Martin Marietta Materials, Inc.	1,800		240,390
Sherwin-Williams Company	10,400		683,384
Vulcan Materials Company	3,000		267,450
			1,191,224
Containers & Glass - 0.23%
Ball Corp.	6,600		354,750
Owens-Illinois, Inc. *	13,100		542,995
Pactiv Corp. *	19,700		564,602
Sealed Air Corp.	19,400		495,864
			1,958,211
Cosmetics & Toiletries - 1.40%
Avon Products, Inc.	20,300		761,859
Colgate-Palmolive Company	1,900		135,508
Estee Lauder Companies, Inc., Class A	8,500		360,910
International Flavors & Fragrances, Inc.	16,200		856,332
Kimberly-Clark Corp.	69,400		4,876,044
Procter & Gamble Company	71,500		5,029,310
			12,019,963
Crude Petroleum & Natural Gas - 0.53%
Apache Corp.	10,700		963,642
Devon Energy Corp.	16,200		1,347,840
Marathon Oil Corp.	17,500		997,850
Occidental Petroleum Corp.	18,600		1,191,888
			4,501,220
Drugs & Health Care - 0.15%
Wyeth	29,500		1,314,225
Educational Services - 0.14%
Apollo Group, Inc., Class A *	19,900		1,196,985
Electrical Utilities - 0.97%
American Electric Power Company, Inc.	38,200		1,760,256
CenterPoint Energy, Inc. (a)	19,400		310,982
Constellation Energy Group	7,400		634,846
Edison International	15,100		837,295
Entergy Corp.	30,200		3,270,358
FPL Group, Inc.	1,800		109,584
Public Service Enterprise Group, Inc.	2,400		211,176
The AES Corp. *	37,500		751,500
Xcel Energy, Inc.	20,700		445,878
			8,331,875
Electronics - 0.21%
Arrow Electronics, Inc. *	7,700		327,404

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics (continued)
Avnet, Inc. *	22,200	$	884,892
Tyco Electronics, Ltd.	17,425		617,368
			1,829,664
Energy - 0.02%
Sempra Energy	3,200		185,984
Financial Services - 5.42%
Citigroup, Inc.	459,700		21,454,199
Countrywide Financial Corp.	19,900		378,299
Discover Financial Services	26,800		557,440
Eaton Vance Corp.	12,600		503,496
Federal Home Loan Mortgage Corp.	24,500		1,445,745
Federal National Mortgage Association	169,200		10,289,052
Franklin Resources, Inc.	13,900		1,772,250
Goldman Sachs Group, Inc.	22,400		4,854,976
Morgan Stanley (c)	43,100		2,715,300
SEI Investments Company	31,300		853,864
The First Marblehead Corp. (a)	13,300		504,469
Washington Mutual, Inc.	32,158		1,135,499
			46,464,589
Food & Beverages - 3.66%
ConAgra Foods, Inc.	41,600		1,087,008
General Mills, Inc.	6,200		359,662
H.J. Heinz Company	1,900		87,780
Hormel Foods Corp.	6,900		246,882
Kraft Foods, Inc., Class A	132,259		4,564,258
McCormick & Company, Inc.	10,400		374,088
Pepsi Bottling Group, Inc.	2,500		92,925
PepsiCo, Inc.	78,300		5,736,258
Sara Lee Corp.	22,700		378,863
Sysco Corp.	68,300		2,430,797
The Coca-Cola Company	260,500		14,970,935
Tyson Foods, Inc., Class A	56,100		1,001,385
			31,330,841
Forest Products - 0.16%
Weyerhaeuser Company	18,500		1,337,550
Furniture & Fixtures - 0.02%
Leggett & Platt, Inc.	7,500		143,700
Gas & Pipeline Utilities - 0.04%
NiSource, Inc.	19,600		375,144
Healthcare Products - 5.50%
Baxter International, Inc.	66,400		3,736,992
Becton, Dickinson & Company	5,600		459,480
C.R. Bard, Inc.	4,800		423,312
Covidien, Ltd. *	17,425		723,137
Johnson & Johnson	295,500		19,414,350
Medtronic, Inc.	53,100		2,995,371
Patterson Companies, Inc. *	19,300		745,173
St. Jude Medical, Inc. *	15,100		665,457
Stryker Corp.	112,500		7,735,500

The accompanying notes are an integral part of the financial statements. 

423

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Zimmer Holdings, Inc. *	126,500	$	10,245,235
			47,144,007
Healthcare Services - 3.85%
Cardinal Health, Inc.	67,800		4,239,534
Coventry Health Care, Inc. *	9,000		559,890
Express Scripts, Inc. *	79,400		4,432,108
Health Net, Inc. *	6,600		356,730
McKesson Corp.	74,100		4,356,339
Medco Health Solutions, Inc. *	17,900		1,617,981
Quest Diagnostics, Inc.	46,300		2,674,751
UnitedHealth Group, Inc.	297,200		14,393,396
WellPoint, Inc. *	4,400		347,248
			32,977,977
Holdings Companies/Conglomerates - 0.08%
General Electric Company	17,400		720,360
Homebuilders - 0.14%
Centex Corp.	10,800		286,956
D.R. Horton, Inc.	17,100		219,051
KB Home (a)	2,000		50,120
Lennar Corp., Class A (a)	12,200		276,330
Toll Brothers, Inc. *	19,100		381,809
			1,214,266
Hotels & Restaurants - 1.78%
Marriott International, Inc., Class A	37,400		1,625,778
McDonald's Corp.	185,900		10,125,973
Starbucks Corp. *	65,500		1,716,100
Yum! Brands, Inc.	52,100		1,762,543
			15,230,394
Household Products - 0.22%
Energizer Holdings, Inc. *	17,200		1,906,620
Industrial Machinery - 0.59%
Cummins, Inc.	6,200		792,918
Deere & Company	10,900		1,617,778
Ingersoll-Rand Company, Ltd., Class A	14,300		778,921
ITT Corp.	13,000		883,090
Pall Corp.	13,700		532,930
W.W. Grainger, Inc.	4,500		410,355
			5,015,992
Insurance - 5.76%
ACE, Ltd.	15,000		908,550
Aetna, Inc.	40,900		2,219,643
AFLAC, Inc.	37,500		2,139,000
Allstate Corp.	147,100		8,412,649
Ambac Financial Group, Inc.	21,200		1,333,692
American International Group, Inc.	136,500		9,234,225
Brown & Brown, Inc.	21,300		560,190
Chubb Corp.	11,800		632,952
CIGNA Corp.	45,600		2,430,024
Cincinnati Financial Corp.	6,300		272,853
CNA Financial Corp.	9,200		361,744

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
First American Corp.	18,400	$	673,808
Hartford Financial Services Group, Inc.	8,100		749,655
Lincoln National Corp.	2,700		178,119
Markel Corp. *	1,900		919,600
MBIA, Inc.	17,200		1,050,060
MetLife, Inc.	24,600		1,715,358
MGIC Investment Corp. (a)	21,200		684,972
Old Republic International Corp.	49,800		933,252
PMI Group, Inc.	17,400		568,980
Progressive Corp.	80,100		1,554,741
Prudential Financial, Inc.	23,600		2,302,888
Radian Group, Inc. (a)	16,200		377,136
SAFECO Corp.	15,400		942,788
The Travelers Companies, Inc.	91,400		4,601,076
Torchmark Corp.	27,300		1,701,336
UnumProvident Corp.	61,600		1,507,352
W.R. Berkley Corp.	13,050		386,671
			49,353,314
International Oil - 9.94%
Anadarko Petroleum Corp.	26,300		1,413,625
Chevron Corp.	236,400		22,122,312
ConocoPhillips	84,970		7,457,817
Exxon Mobil Corp.	585,100		54,156,856
			85,150,610
Internet Retail - 0.58%
Amazon.com, Inc. *	18,500		1,723,275
eBay, Inc. *	61,600		2,403,632
Expedia, Inc. *	14,600		465,448
IAC/InterActiveCorp. *	13,200		391,644
			4,983,999
Internet Software - 0.19%
McAfee, Inc. *	24,900		868,263
Symantec Corp. *	4,400		85,272
VeriSign, Inc. *	20,800		701,792
			1,655,327
Leisure Time - 0.31%
Carnival Corp.	32,400		1,569,132
MGM MIRAGE *	12,300		1,100,112
			2,669,244
Life Sciences - 0.09%
Waters Corp. *	11,700		782,964
Liquor - 0.38%
Anheuser-Busch Companies, Inc.	64,500		3,224,355
Manufacturing - 1.60%
Danaher Corp.	46,300		3,829,473
Eaton Corp.	6,900		683,376
Harley-Davidson, Inc.	112,100		5,180,141
Honeywell International, Inc.	44,100		2,622,627
Illinois Tool Works, Inc.	11,300		673,932
SPX Corp.	4,200		388,752

The accompanying notes are an integral part of the financial statements. 

424

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Manufacturing (continued)
Tyco International, Ltd.	8,125	$	360,263
			13,738,564
Metal & Metal Products - 0.23%
Precision Castparts Corp.	13,100		1,938,538
Paper - 0.02%
Temple-Inland, Inc.	3,000		157,890
Petroleum Services - 0.29%
Schlumberger, Ltd.	6,800		714,000
Tesoro Corp.	7,100		326,742
Valero Energy Corp.	21,600		1,451,088
			2,491,830
Pharmaceuticals - 9.70%
Abbott Laboratories	85,200		4,568,424
AmerisourceBergen Corp.	62,600		2,837,658
Bristol-Myers Squibb Company	42,500		1,224,850
Eli Lilly & Company	20,200		1,149,986
Forest Laboratories, Inc. *	152,900		5,701,641
King Pharmaceuticals, Inc. *	35,500		416,060
Merck & Company, Inc.	625,500		32,332,095
Pfizer, Inc.	1,195,400		29,203,622
Schering-Plough Corp.	179,500		5,677,585
			83,111,921
Publishing - 0.58%
Gannett Company, Inc.	79,600		3,478,520
McGraw-Hill Companies, Inc.	21,500		1,094,565
Tribune Company	14,100		385,212
			4,958,297
Railroads & Equipment - 0.06%
CSX Corp.	7,500		320,475
Union Pacific Corp.	1,600		180,896
			501,371
Retail Grocery - 0.85%
Safeway, Inc.	82,000		2,715,020
SUPERVALU, Inc.	38,333		1,495,370
The Kroger Company	106,900		3,048,788
			7,259,178
Retail Trade - 12.08%
Abercrombie & Fitch Company, Class A	26,300		2,122,410
Advance Auto Parts, Inc.	2,200		73,832
American Eagle Outfitters, Inc.	56,850		1,495,723
Bed Bath & Beyond, Inc. *	84,600		2,886,552
Best Buy Company, Inc.	10,700		492,414
CarMax, Inc. *	28,800		585,504
Family Dollar Stores, Inc.	40,200		1,067,712
Gap, Inc.	17,500		322,700
Home Depot, Inc.	715,800		23,220,552
J.C. Penney Company, Inc.	8,900		563,993
Kohl's Corp. *	90,800		5,205,564
Limited Brands, Inc.	16,000		366,240
Lowe's Companies, Inc.	435,100		12,191,502

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Nordstrom, Inc.	37,900	$	1,777,131
PetSmart, Inc.	9,600		306,240
RadioShack Corp.	29,100		601,206
Ross Stores, Inc.	9,800		251,272
Sears Holdings Corp. *	3,400		432,480
Staples, Inc.	130,700		2,808,743
Target Corp.	130,900		8,321,313
The TJX Companies, Inc.	34,600		1,005,822
Tiffany & Company	19,700		1,031,295
Walgreen Company	119,200		5,631,008
Wal-Mart Stores, Inc.	704,000		30,729,600
			103,490,808
Semiconductors - 1.10%
Analog Devices, Inc.	16,200		585,792
Intel Corp.	268,300		6,938,238
KLA-Tencor Corp.	17,600		981,728
Novellus Systems, Inc. *	12,500		340,750
Xilinx, Inc.	22,400		585,536
			9,432,044
Software - 4.48%
Adobe Systems, Inc. *	10,600		462,796
BMC Software, Inc. *	16,700		521,541
CA, Inc.	3,500		90,020
Citrix Systems, Inc. *	5,100		205,632
Intuit, Inc. *	11,400		345,420
Microsoft Corp.	1,038,100		30,582,426
Oracle Corp. *	284,500		6,159,425
			38,367,260
Telecommunications Equipment &
Services - 2.26%
Avaya, Inc. *	16,800		284,928
QUALCOMM, Inc.	44,800		1,893,248
Verizon Communications, Inc.	387,600		17,162,928
			19,341,104
Telephone - 2.89%
AT&T, Inc.	575,622		24,354,567
CenturyTel, Inc.	7,800		360,516
			24,715,083
Tires & Rubber - 0.14%
Goodyear Tire & Rubber Company *	39,600		1,204,236
Tobacco - 0.54%
Altria Group, Inc.	43,000		2,989,790
Loews Corp. - Carolina Group	1,100		90,453
UST, Inc.	31,700		1,572,320
			4,652,563
Toys, Amusements & Sporting Goods - 0.34%
Hasbro, Inc.	33,900		945,132
Mattel, Inc.	84,100		1,972,986
			2,918,118

The accompanying notes are an integral part of the financial statements. 

425

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Core Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Transportation - 0.07%
C.H. Robinson Worldwide, Inc.		10,400	$	564,616
Trucking & Freight - 0.36%
FedEx Corp.		29,300		3,069,175
TOTAL COMMON STOCKS (Cost $793,461,551)			$	840,325,797
SHORT TERM INVESTMENTS - 0.42%
John Hancock Cash Investment Trust (c)	$	3,561,231	$	3,561,231
TOTAL SHORT TERM INVESTMENTS
(Cost $3,561,231)			$	3,561,231
REPURCHASE AGREEMENTS - 1.88%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$16,151,517 on 10/01/2007,
collateralized by $16,070,000
Federal National Mortgage
Association, 5.70% due
04/20/2012 (valued at
$16,471,750, including interest)	$	16,146,000	$	16,146,000
TOTAL REPURCHASE AGREEMENTS
(Cost $16,146,000)			$	16,146,000
Total Investments (U.S. Core Trust)
(Cost $813,168,782) - 100.39%			$	860,033,028
Liabilities in Excess of Other Assets - (0.39)%				(3,318,559)
TOTAL NET ASSETS - 100.00%			$	856,714,469
U.S. Global Leaders Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.46%
Biotechnology - 4.97%
Genzyme Corp. *		640,273	$	39,671,315
Business Services - 5.00%
Automatic Data Processing, Inc.		868,652		39,897,186
Cosmetics & Toiletries - 7.55%
Colgate-Palmolive Company		227,233		16,206,258
Procter & Gamble Company		626,363		44,058,373
				60,264,631
Financial Services - 4.20%
State Street Corp.		492,336		33,557,622
Food & Beverages - 12.09%
PepsiCo, Inc.		579,900		42,483,474
Sysco Corp.		808,247		28,765,511
The Coca-Cola Company		439,475		25,256,628
				96,505,613
Healthcare Products - 11.19%
Johnson & Johnson		494,896		32,514,667

U.S. Global Leaders Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Medtronic, Inc.		583,508	$	32,915,686
Stryker Corp.		348,000		23,928,480
				89,358,833
Holdings Companies/Conglomerates - 4.98%
General Electric Company		961,301		39,797,861
Hotels & Restaurants - 2.90%
Starbucks Corp. *		882,588		23,123,806
Insurance - 2.61%
American International Group, Inc.		307,556		20,806,163
Internet Retail - 2.28%
eBay, Inc. *		466,743		18,212,312
Leisure Time - 2.98%
Electronic Arts, Inc. *		425,414		23,818,930
Pharmaceuticals - 4.03%
Teva Pharmaceutical Industries, Ltd., SADR		723,027		32,153,011
Retail Grocery - 3.10%
Whole Foods Market, Inc. (a)		505,000		24,724,800
Retail Trade - 14.67%
Costco Wholesale Corp.		365,281		22,417,295
Lowe's Companies, Inc.		1,111,000		31,130,220
Staples, Inc.		1,843,969		39,626,894
Walgreen Company		507,000		23,950,680
				117,125,089
Sanitary Services - 2.20%
Ecolab, Inc.		373,000		17,605,600
Software - 7.53%
Microsoft Corp.		1,250,404		36,836,902
SAP AG, SADR (a)		397,400		23,315,458
				60,152,360
Telecommunications Equipment &
Services - 3.18%
QUALCOMM, Inc.		601,300		25,410,938
Trucking & Freight - 4.00%
FedEx Corp.		304,800		31,927,800
TOTAL COMMON STOCKS (Cost $727,832,534)			$	794,113,870
SHORT TERM INVESTMENTS - 6.04%
John Hancock Cash Investment Trust	$	48,202,207	$	48,202,207
TOTAL SHORT TERM INVESTMENTS
(Cost $48,202,207)			$	48,202,207

The accompanying notes are an integral part of the financial statements. 

426

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Global Leaders Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.52%
Repurchase Agreement with State
Street Corp. dated 09/30/2007 at
4.10% to be repurchased at
$4,189,431 on 10/1/2007,
collateralized by $4,110,000
Federal Home Loan Mortgage
Corp., 5.55% due 10/04/2016
(valued at $4,274,400, including
interest)	$	4,188,000	$	4,188,000
TOTAL REPURCHASE AGREEMENTS
(Cost $4,188,000)			$	4,188,000
Total Investments (U.S. Global Leaders Growth Trust)
(Cost $780,222,741) - 106.02%			$	846,504,077
Liabilities in Excess of Other Assets - (6.02)%				(48,052,489)
TOTAL NET ASSETS - 100.00%			$	798,451,588
U.S. Government Securities Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 13.07%
Treasury Inflation Protected
Securities (d) - 3.32%
2.00% due 01/15/2026	$	6,338,920	$	6,053,669
2.375% due 01/15/2027		3,222,679		3,261,957
2.50% due 07/15/2016		2,341,369		2,384,904
				11,700,530
U.S. Treasury Bonds - 0.10%
4.75% due 02/15/2037		240,000		236,850
4.25% due 08/15/2014		10,000		9,929
5.00% due 05/15/2037		110,000		112,836
				359,615
U.S. Treasury Notes - 9.65%
3.625% due 07/15/2009		4,280,000		4,255,591
4.00% due 04/15/2010 ***		8,222,000		8,222,641
4.50% due 03/31/2009 ***		17,000,000		17,131,478
4.625% due 07/31/2012		4,340,000		4,415,612
				34,025,322
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $45,751,414)			$	46,085,467
U.S. GOVERNMENT AGENCY OBLIGATIONS - 84.13%
Federal Home Loan Mortgage Corp. - 4.20%
5.00% due 08/01/2033		948,352		907,770
5.00% due 08/01/2033 ***		3,335,336		3,192,609
5.50% TBA **		1,600,000		1,566,499
5.899% due 01/01/2037 ***		6,157,154		6,212,245
6.00% due 10/01/2010 to 11/01/2028		272,420		274,792
6.00% due 11/01/2028 to 12/01/2028 ***		826,067		832,932
6.50% due 12/01/2010		40,055		40,303
7.00% due 02/01/2011 to 06/01/2032		1,345,190		1,393,243

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
7.00% due 07/01/2011 to
02/01/2028 ***	$	268,963	$	278,543
9.00% due 10/01/2017		22,257		22,598
9.50% due 08/01/2020		63,589		69,340
11.75% due 12/01/2013		3,098		3,456
12.00% due 07/01/2020		19,626		21,274
				14,815,604
Federal National Mortgage
Association - 74.95%
3.50% due 02/17/2009 (b)***		4,456,000		4,372,405
4.875% due 01/11/2008		4,060,000		4,058,908
5.00% due 04/01/2019		3,888,727		3,822,534
5.00% TBA **		86,900,000		82,947,102
5.50% due 04/01/2018 to 05/01/2018 ***		5,263,449		5,262,782
5.50% TBA **		84,800,000		83,233,875
5.785% due 08/01/2037 (b)		3,547,671		3,591,008
6.00% TBA **		40,070,000		40,158,327
6.365% due 07/01/2037 (b)		4,485,012		4,570,073
6.50% due 03/01/2026 to 06/01/2029		627,862		644,348
6.50% due 02/01/2026 ***		117,367		120,431
6.50% TBA **		26,800,000		27,276,380
7.00% due 07/01/2022 to 01/01/2030		601,610		626,634
7.00% due 04/01/2028 to 01/01/2034 ***		1,452,024		1,506,527
7.50% due 09/01/2029 to 02/01/2031		345,657		361,969
8.00% due 06/01/2017 to 12/01/2032		414,167		436,647
8.00% due 01/01/2031 to 03/01/2033 ***		430,251		455,268
8.25% due 09/01/2008		1,228		1,237
8.50% due 02/01/2009		427		431
8.50% due 08/01/2019 ***		332,125		354,330
8.75% due 08/01/2009 to 12/01/2009		41,288		41,652
9.00% due 05/01/2021		16,330		17,624
11.50% due 09/15/2013 to 09/01/2019		77,688		86,859
12.00% due 01/01/2013 to 04/20/2016		193,255		220,720
12.50% due 01/01/2013 to 09/20/2015		93,240		103,849
13.50% due 11/15/2014		46,749		52,810
				264,324,730
Government National Mortgage
Association - 4.98%
6.00% TBA **		15,400,000		15,496,250
6.50% due 02/15/2034 to 09/15/2034		1,021,946		1,045,430
7.50% due 02/15/2022 to 12/15/2027		525,314		551,852
8.50% due 06/15/2025 ***		413,985		447,628
11.00% due 09/15/2015		1,794		2,025
				17,543,185
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $296,936,333)			$	296,683,519
COLLATERALIZED MORTGAGE
OBLIGATIONS - 24.14%
American Home Mortgage Assets, Series 2006-2,
Class 2A1
5.3213% due 09/25/2046 (b)***		1,515,097		1,490,021

The accompanying notes are an integral part of the financial statements. 

427

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
American Home Mortgage Investment Trust, Series
2006-2, Class 1A1
5.2113% due 06/25/2046 (b)***	$	1,540,992	$	1,532,279
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-8, Class 11A1
5.9695% due 11/25/2034 (b)***		482,935		482,998
Bear Stearns Alt-A Trust, Series 2004-11, Class 2A2
7.0723% due 11/25/2034 (b)***		1,898,279		1,954,035
Bear Stearns Structured Products Inc., Series
2007-R10, Class A1
5.4788% due 09/26/2037 (b)		3,600,000		3,582,000
Bear Stearns Structured Products Inc., Series
2007-R11, Class A1A
6.1025% due 09/27/2037 (b)		3,700,000		3,642,188
Commercial Mortgage Pass-Through Certificates,
Series 2006-C8, Class A4
5.306% due 12/10/2046 (b)		3,080,000		3,024,283
Countrywide Alternative Loan Trust, Series
2005-59, Class 1A1
5.8263% due 11/20/2035 (b)		690,908		676,175
Countrywide Alternative Loan Trust, Series
2006-OA10, Class 4A1
5.3213% due 08/25/2046 (b)***		2,805,908		2,733,524
Countrywide Alternative Loan Trust, Series
2006-OA11, Class A4
5.3213% due 09/25/2046 (b)***		2,977,244		2,905,427
Countrywide Alternative Loan Trust, Series
2006-OA7, Class 3A1
5.3413% due 06/25/2046 (b)***		1,896,398		1,869,378
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 1A1
5.6963% due 07/20/2046 (b)***		2,787,609		2,724,689
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 2A1A
5.7063% due 07/20/2046 (b)***		666,358		649,646
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 2A1B
5.6963% due 07/20/2046 (b)***		2,887,547		2,832,117
Countrywide Home Loans, Series
2004-12, Class 16A1
6.753% due 08/25/2034 (b)		331,189		333,045
Countrywide Home Loans, Series
2004-20, Class 2A1
7.4177% due 09/25/2034 (b)***		370,753		380,286
Countrywide Home Loans, Series 2005-7, Class 2A1
5.4413% due 03/25/2035 (b)***		961,131		959,502
Federal Home Loan Mortgage Corp.,
Series 2525, Class AM
4.50% due 04/15/2032 ***		692,679		618,340
Federal Home Loan Mortgage Corp.,
Series 2686, Class QI
5.50% IO due 01/15/2023 ***		1,450,269		19,225
Federal National Mortgage Association Whole
Loan, Series 2003-W14, Class 2A
6.3566% due 01/25/2043 (b)***		1,836,457		1,856,973

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal National Mortgage Association, Series
1998-M4, Class C
6.527% due 05/25/2030 ***	$	909,405	$	907,233
Greenpoint Mortgage Funding Trust, Series
2006-AR4, Class A1A
5.2313% due 09/25/2046 (b)***		2,793,852		2,768,464
Harborview Mortgage Loan Trust, Series 2004-2,
Class 2A1
5.7625% due 06/19/2034 (b)***		560,177		545,606
Impac CMB Trust, Series 2004-5, Class 1A1
5.4913% due 10/25/2034 (b)***		302,060		302,006
Impac Secured Assets Corp., Series 2005-2,
Class A1
5.4513% due 03/25/2036 (b)***		2,391,137		2,346,263
LB-UBS Commercial Mortgage Trust,
Series 2006-C7, Class A3
5.347% due 11/15/2038		4,090,000		4,029,917
Luminent Mortgage Trust, Series 2006-4, Class A1A
5.3213% due 05/25/2046 (b)***		2,519,059		2,450,727
Master Adjustable Rate Mortgages Trust, Series
2004-12, Class 5A1
6.7709% due 10/25/2034 (b)***		743,343		749,361
Master Adjustable Rate Mortgages Trust, Series
2004-15, Class 1A1
5.2152% due 12/25/2034 (b)***		306,570		310,301
Master Adjustable Rate Mortgages Trust, Series
2007-3, Class 12A1
5.3313% due 05/25/2047 (b)		3,246,675		3,152,852
Morgan Stanley Mortgage Loan Trust, Series
2006-8AR, Class 1A2
5.2013% due 06/25/2036 (b)***		1,604,721		1,598,596
Novastar Mortgage-Backed Notes, Series
2006-MTA1, Class 2A1A
5.3213% due 09/25/2046 (b)***		2,282,294		2,217,155
Residential Accredit Loans, Inc., Series 2005-QO3,
Class A1
5.5313% due 10/25/2045 (b)***		109,927		107,785
Residential Accredit Loans, Inc., Series 2006-QO5,
Class 3A1
5.2013% due 05/25/2046 (b)***		86,918		86,832
Residential Asset Mortgage Products, Inc., Series
2002-RP1, Class A1
5.5613% due 03/25/2033		38,649		38,359
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-16, Class 1A2
5.7915% due 11/25/2034 (b)***		59,769		60,676
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-20, Class 2A1
5.1983% due 01/25/2035 (b)		49,374		49,296
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR6, Class 1A1
5.3113% due 07/25/2036 (b)***		2,880,907		2,799,452
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR6, Class 1A3
5.3213% due 07/25/2036 (b)***		2,368,389		2,301,473

The accompanying notes are an integral part of the financial statements. 

428

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR7, Class A1A
5.3413% due 08/25/2036 (b)***	$	3,238,123	$	3,187,369
Thornburg Mortgage Securities Trust, Series
2005-2, Class A4
5.3813% due 07/25/2045 (b)***		3,561,196		3,556,541
Thornburg Mortgage Securities Trust, Series
2005-3, Class A3
5.3913% due 10/25/2045 (b)***		3,200,183		3,191,635
Thornburg Mortgage Securities Trust, Series
2006-3, Class A2
5.2363% due 05/25/2046 (b)***		3,344,741		3,324,275
Thornburg Mortgage Securities Trust, Series
2006-3, Class A3
5.2413% due 06/25/2046 (b)***		3,440,311		3,418,581
Thornburg Mortgage Securities Trust, Series
2007-4, Class 2A1
6.2308% due 09/25/2037		1,470,000		1,466,143
Thornburg Mortgage Securities Trust, Series
2007-4, Class 3A1
6.2197% due 09/25/2037 (b)		1,340,000		1,334,347
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A1
5.4013% due 12/25/2045 (b)***		2,134,626		2,087,628
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A2
5.4213% due 12/25/2045 (b)***		298,549		292,142
Washington Mutual, Inc., Mortgage Pass-Through
Certificates, Series 2005-AR19, Class A1A2
5.4213% due 12/25/2045 (b)		237,503		232,968
Zuni Mortgage Loan Trust, Series 2006-OA1,
Class A1
5.2613% due 08/25/2036 (b)***		1,972,931		1,957,825
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $87,250,183)			$	85,137,939
ASSET BACKED SECURITIES - 17.08%
ACE Securities Corp., Series 2006-GP1, Class A
5.2613% due 02/25/2031 (b)***		2,323,231		2,289,118
ACE Securities Corp., Series 2006-SL3, Class A1
5.2313% due 06/25/2036 (b)***		1,992,470		1,917,426
Aegis Asset Backed Securities Trust, Series
2004-2, Class A3
5.6113% due 06/25/2034 (b)***		534,126		519,438
Bay View Auto Trust, Series 2003-LJ1, Class A4
3.44% due 04/25/2012 ***		629,941		616,939
Countrywide Home Equity Loan Trust, Series
2004-I, Class A
6.0425% due 02/15/2034 (b)***		1,937,836		1,911,177
Countrywide Home Equity Loan Trust, Series
2004-R, Class 2A
6.0025% due 03/15/2030 (b)***		1,979,848		1,931,756
Countrywide Home Equity Loan Trust, Series
2006-E, Class 2A
5.8925% due 07/15/2036 (b)***		2,478,061		2,435,100

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Countrywide Home Equity Loan Trust, Series
2007-GW, Class A
6.3025% due 08/15/2037 (b)	$	3,700,000	$	3,678,610
Credit Suisse Mortgage Capital Certificates, Series
2006-CF2, Class A1
5.3913% due 05/25/2036 (b)***		2,124,360		2,088,180
EMC Mortgage Loan Trust, Series 2006-A, Class A1
5.5813% due 12/25/2042 (b)***		667,666		667,663
GMAC Mortgage Corp. Loan Trust, Series
2004-VF1, Class A1
5.8813% due 02/25/2031 (b)		3,468,484		3,342,596
GMAC Mortgage Corp. Loan Trust, Series
2006-HE1, Class A
5.3413% due 11/25/2036 (b)***		4,000,000		3,935,718
GSAA Home Equity Trust, Series 2005-5, Class A4
5.4013% due 02/25/2035 (b)***		1,957,233		1,937,966
GSAMP Trust, Series 2006-S4, Class A1
5.2213% due 05/25/2036 (b)***		1,830,950		1,747,779
IndyMac Seconds Asset Backed Trust, Series
2006-A, Class A
5.2613% due 06/25/2036 (b)***		2,277,441		1,870,231
IXIS Real Estate Capital Trust, Series 2006-HE2,
Class A1
5.1913% due 08/25/2036 (b)***		91,675		91,480
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2006-CB17, Class A4
5.429% due 12/12/2043		4,530,000		4,487,155
Long Beach Mortgage Loan Trust, Series 2005-3,
Class 2A2
5.4113% due 08/25/2045 (b)***		633,152		626,495
Morgan Stanley ABS Capital I, Series 2004-HE8,
Class A7
5.6613% due 09/25/2034 (b)***		182,047		179,216
Morgan Stanley ABS Capital I, Series 2005-WMC4,
Class A1MZ
5.3913% due 04/25/2035 (b)***		146,999		146,935
Morgan Stanley IXIS Real Estate Capital Trust,
Series 2006-1, Class A1
5.1613% due 07/25/2036 (b)***		1,396,838		1,392,060
Morgan Stanley Mortgage Loan Trust, Series
2006-4SL, Class A1
5.2813% due 03/25/2036 (b)***		1,736,330		1,632,372
SACO I Trust, Inc., Series 2006-6, Class A
5.2613% due 06/25/2036 (b)***		2,181,924		1,940,257
SACO I Trust, Inc., Series 2006-7, Class A1
5.2613% due 07/25/2036 (b)***		2,389,019		2,096,632
SLM Student Loan Trust, Series 2006-5, Class A2
5.35% due 07/25/2017 (b)***		3,047,724		3,045,186
Structured Asset Securities Corp., Series
2006-ARS1, Class A1
5.2413% due 02/25/2036 (b)***		2,451,845		1,669,334
Truman Capital Mortgage Loan Trust, Series
2006-1, Class A
5.3913% due 03/25/2036 (b)***		2,848,933		2,621,019
Bravo Mortgage Asset Trust, Series 2006-1A,
Class A1
5.2613% due 07/25/2036 (b)		3,293,203		3,289,601

The accompanying notes are an integral part of the financial statements. 

429

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Lehman XS Trust, Series 2005-5N, Class 3A1A
5.4313% due 11/25/2035 (b)***	$	105,566	$	103,048
Lehman XS Trust, Series 2005-7N, Class 1A1B
5.4313% due 12/25/2035 (b)***		136,925		132,437
Lehman XS Trust, Series 2006-2N, Class 1A1
5.3913% due 02/25/2046 (b)***		652,153		637,261
Lehman XS Trust, Series 2006-GP3, Class 3A1A
5.2013% due 06/25/2046 (b)***		2,452,638		2,431,062
RAAC Series, Series 2006-RP3, Class A
5.4013% due 05/25/2036 (b)***		2,887,994		2,813,088
TOTAL ASSET BACKED SECURITIES
(Cost $62,736,497)			$	60,224,335
SHORT TERM INVESTMENTS - 0.32%
Federal National Mortgage Association Discount
Notes
zero coupon due 03/17/2008 ****	$	1,165,000	$	1,137,923
TOTAL SHORT TERM INVESTMENTS
(Cost $1,137,923)			$	1,137,923
REPURCHASE AGREEMENTS - 31.56%
Lehman Brothers Tri-Party
Repurchase Agreement dated
09/28/2007 at 3.90% to be
repurchased at $54,217,615 on
10/01/2007, collateralized by
$55,085,000 U.S. Treasury Bonds,
2.00% due 01/15/2026 (valued at
$55,508,388, including interest)	$	54,200,000	$	54,200,000
Lehman Brothers Tri-Party Repurchase
Agreement dated 09/28/2007 at 3.55% to
be repurchased at $57,116,892 on
10/01/2007, collateralized by $58,030,000
U.S. Treasury Bonds, 2.00% due
01/15/2026 (valued at $58,478,345
including interest)		57,100,000		57,100,000
TOTAL REPURCHASE AGREEMENTS
(Cost $111,300,000)			$	111,300,000
Total Investments (U.S. Government Securities Trust)
(Cost $605,112,350) - 170.30%			$	600,569,183
Liabilities in Excess of Other Assets - (70.30)%				(247,908,225)
TOTAL NET ASSETS - 100.00%			$	352,660,958
U.S. High Yield Bond Trust
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS - 74.27%
Advertising - 1.14%
R.H. Donnelley Corp.
10.875% due 12/15/2012	$	437,000	$	465,405
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		930,000		947,437

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Advertising (continued)
Sheridan Group, Inc.
10.25% due 08/15/2011	$	1,600,000	$	1,614,000
Vertis, Inc.
9.75% due 04/01/2009		1,825,000		1,852,375
				4,879,217
Aerospace - 0.20%
Hawker Beechcraft Acquisition Company LLC
8.50% due 04/01/2015		165,000		168,712
9.75% due 04/01/2017 (a)		185,000		189,163
Hawker Beechcraft Acquisition Company LLC, PIK
8.875% due 04/01/2015		165,000		166,237
TransDigm, Inc.
7.75% due 07/15/2014		325,000		328,250
				852,362
Agriculture - 0.32%
Mosaic Company
7.375% due 12/01/2014		650,000		682,500
7.625% due 12/01/2016		650,000		693,063
				1,375,563
Air Travel - 0.08%
Continental Airlines, Inc., Series 00-1
8.499% due 05/01/2011		333,582		333,582
Aluminum - 0.00%
Novelis, Inc.
7.25% due 02/15/2015		21,000		20,265
Apparel & Textiles - 0.46%
Levi Strauss & Company
12.25% due 12/15/2012		500,000		537,615
Phillips-Van Heusen Corp.
7.25% due 02/15/2011		1,400,000		1,414,000
				1,951,615
Auto Services - 0.18%
Hertz Corp.
8.875% due 01/01/2014		500,000		515,000
10.50% due 01/01/2016		225,000		243,000
				758,000
Automobiles - 1.69%
Asbury Automotive Group, Inc.
7.625% due 03/15/2017		1,075,000		989,000
8.00% due 03/15/2014		540,000		521,100
Ford Motor Company
7.45% due 07/16/2031		900,000		706,500
General Motors Corp.
8.375% due 07/15/2033		1,580,000		1,384,475
Group 1 Automotive, Inc.
8.25% due 08/15/2013		750,000		750,000
Sonic Automotive, Inc., Series B
8.625% due 08/15/2013 (a)		1,500,000		1,481,250
United Auto Group, Inc.
7.75% due 12/15/2016		1,475,000		1,412,312
				7,244,637

The accompanying notes are an integral part of the financial statements. 

430

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking - 0.21%
Chevy Chase Bank
6.875% due 12/01/2013	$	905,000	$	880,113
Broadcasting - 1.35%
Barrington Broadcasting Group LLC
10.50% due 08/15/2014		2,450,000		2,523,500
Bonten Media Acquisition Company, PIK
9.00% due 06/01/2015		315,000		281,925
Fisher Communications, Inc.
8.625% due 09/15/2014		1,325,000		1,371,375
LBI Media, Inc.
8.50% due 08/01/2017		1,250,000		1,243,750
Muzak Finance Corp.
13.00% due 03/15/2010		700,000		367,500
				5,788,050
Building Materials & Construction - 0.63%
Brand Services, Inc.
12.00% due 10/15/2012		688,000		669,080
Esco Corp.
8.625% due 12/15/2013		325,000		320,125
9.569% due 12/15/2013 (b)		625,000		603,125
K. Hovnanian Enterprises, Inc.
10.50% due 10/01/2007		1,100,000		1,100,000
				2,692,330
Buildings - 0.11%
Mobile Mini, Inc.
6.875% due 05/01/2015		500,000		487,500
Business Services - 2.85%
Affinity Group, Inc.
9.00% due 02/15/2012		950,000		969,000
10.875% due 02/15/2012		450,000		463,500
Cornell Companies, Inc.
10.75% due 07/01/2012		600,000		639,750
NCO Group, Inc.
11.875% due 11/15/2014		1,600,000		1,556,000
Rural/Metro Corp.
9.875% due 03/15/2015		1,300,000		1,235,000
SunGard Data Systems, Inc.
3.75% due 01/15/2009		350,000		336,875
4.875% due 01/15/2014		400,000		349,000
9.125% due 08/15/2013		1,801,000		1,873,040
10.25% due 08/15/2015		3,900,000		4,075,500
Williams Scotsman International, Inc.
8.50% due 10/01/2015		640,000		704,000
				12,201,665
Cable & Television - 5.12%
Charter Communications Operating LLC
8.00% due 04/30/2012		4,800,000		4,776,000
8.375% due 04/30/2014		4,275,000		4,296,375
CSC Holdings, Inc.
7.25% due 07/15/2008		400,000		401,000
7.875% due 12/15/2007		2,534,000		2,537,167
CSC Holdings, Inc., Series B
8.125% due 08/15/2009		300,000		305,250

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable & Television (continued)
DirecTV Holdings LLC
6.375% due 06/15/2015	$	100,000	$	94,875
8.375% due 03/15/2013		4,344,000		4,512,330
Echostar DBS Corp.
6.375% due 10/01/2011		375,000		376,875
7.125% due 02/01/2016 (a)		2,000,000		2,055,000
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012		9,000		9,203
Videotron Ltee.
6.375% due 12/15/2015		1,175,000		1,104,500
6.875% due 01/15/2014		1,515,000		1,488,487
				21,957,062
Cellular Communications - 5.68%
Alamosa Delaware, Inc.
8.50% due 01/31/2012		950,000		991,738
Centennial Communications Corp.
10.00% due 01/01/2013		2,350,000		2,485,125
10.75% due 12/15/2008		25,000		25,000
Cricket Communications, Inc.
9.375% due 11/01/2014		1,500,000		1,522,500
Dobson Communications Corp.
8.375% due 11/01/2011		1,694,000		1,797,758
8.875% due 10/01/2013 (a)		3,225,000		3,434,625
9.61% due 10/15/2012 (b)		700,000		712,250
9.875% due 11/01/2012		400,000		432,000
Dobson Communications Corp., Series B
8.375% due 11/01/2011		3,900,000		4,138,875
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		2,725,000		2,779,500
Rural Cellular Corp.
8.25% due 03/15/2012		2,000,000		2,075,000
8.621% due 06/01/2013 (b)		1,100,000		1,127,500
9.875% due 02/01/2010 (a)		2,700,000		2,821,500
				24,343,371
Chemicals - 1.15%
Equistar Chemicals LP
8.75% due 02/15/2009		750,000		775,313
10.125% due 09/01/2008		156,000		161,070
Huntsman International LLC
7.875% due 11/15/2014		500,000		532,500
Innophos, Inc.
8.875% due 08/15/2014		2,000,000		1,980,000
Lyondell Chemical Company
8.00% due 09/15/2014		692,000		761,200
8.25% due 09/15/2016		656,000		739,640
				4,949,723
Commercial Services - 0.63%
Aramark Services, Inc.
8.50% due 02/01/2015		435,000		443,700
Mac-Gray Corp.
7.625% due 08/15/2015		2,250,000		2,250,000
				2,693,700

The accompanying notes are an integral part of the financial statements. 

431

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Computers & Business Equipment - 0.39%
Seagate Technology HDD Holdings
6.80% due 10/01/2016	$	1,700,000	$	1,661,750
Containers & Glass - 1.37%
Crown Holdings, Inc.
8.00% due 04/15/2023		2,650,000		2,597,000
Graham Packaging Company
9.875% due 10/15/2014		1,200,000		1,188,000
Owens-Brockway Glass Container, Inc.
8.25% due 05/15/2013		900,000		931,500
Owens-Illinois, Inc.
7.35% due 05/15/2008		500,000		501,875
7.80% due 05/15/2018		650,000		640,250
				5,858,625
Correctional Facilities - 1.04%
Corrections Corp. of America
6.25% due 03/15/2013		1,365,000		1,344,525
6.75% due 01/31/2014		1,320,000		1,318,350
Geo Group, Inc.
8.25% due 07/15/2013		1,800,000		1,818,000
				4,480,875
Crude Petroleum & Natural Gas - 1.89%
AmeriGas Partners LP
7.125% due 05/20/2016		1,915,000		1,862,337
7.25% due 05/20/2015		557,000		548,645
Calfrac Holdings LP
7.75% due 02/15/2015		1,175,000		1,130,938
Chesapeake Energy Corp.
6.625% due 01/15/2016		1,300,000		1,293,500
6.875% due 01/15/2016		400,000		400,000
6.875% due 11/15/2020		2,500,000		2,446,875
7.50% due 09/15/2013		400,000		411,000
				8,093,295
Electrical Utilities - 0.85%
Nevada Power Company, Series M
5.95% due 03/15/2016		245,000		239,453
Nevada Power Company, Series O
6.50% due 05/15/2018		1,350,000		1,357,170
Sierra Pacific Power Company, Series M
6.00% due 05/15/2016		350,000		342,412
Sierra Pacific Power Company, Series P
6.75% due 07/01/2037		1,350,000		1,357,077
Sierra Pacific Resources
8.625% due 03/15/2014		313,000		331,317
				3,627,429
Electronics - 0.92%
Communications & Power Industries, Inc.
8.00% due 02/01/2012		750,000		763,125
L-3 Communications Corp.
5.875% due 01/15/2015		2,000,000		1,920,000
6.125% due 07/15/2013		65,000		63,862
L-3 Communications Corp., Series B
6.375% due 10/15/2015		1,235,000		1,213,388
				3,960,375

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy - 1.55%
NRG Energy, Inc.
7.25% due 02/01/2014	$	450,000	$	451,125
7.375% due 02/01/2016		5,250,000		5,263,125
7.375% due 01/15/2017		950,000		950,000
				6,664,250
Financial Services - 4.92%
Consolidated Communications Holdings, Inc.
9.75% due 04/01/2012		500,000		505,000
El Paso Performance-Linked Trust
7.75% due 07/15/2011		1,000,000		1,027,290
Ford Motor Credit Company
7.00% due 10/01/2013		2,360,000		2,132,732
7.25% due 10/25/2011		410,000		384,217
8.00% due 12/15/2016		6,250,000		5,846,906
General Motors Acceptance Corp.
4.375% due 12/10/2007		1,000,000		995,136
6.75% due 12/01/2014		625,000		566,486
8.00% due 11/01/2031		4,260,000		4,179,409
KAR Holdings, Inc.
8.75% due 05/01/2014		375,000		359,062
10.00% due 05/01/2015		1,935,000		1,814,063
NSG Holdings, Inc.
7.75% due 12/15/2025		1,425,000		1,410,750
TRAINS HY-2006 -1
7.117% due 05/01/2016		1,920,000		1,881,773
				21,102,824
Food & Beverages - 2.70%
Beverages & More, Inc.
9.25% due 03/01/2012		950,000		961,875
Dean Foods Company
6.90% due 10/15/2017		750,000		712,500
Del Monte Corp.
8.625% due 12/15/2012 (a)		3,000,000		3,045,000
Dole Food Company, Inc.
7.25% due 06/15/2010 (a)		1,704,000		1,610,280
8.625% due 05/01/2009		1,876,000		1,880,690
8.875% due 03/15/2011 (a)		740,000		721,500
Pilgrim's Pride Corp.
7.625% due 05/01/2015		1,250,000		1,268,750
8.375% due 05/01/2017		750,000		765,000
Smithfield Foods, Inc., Series B
7.75% due 05/15/2013		600,000		612,000
				11,577,595
Funeral Services - 0.68%
Service Corp. International
6.75% due 04/01/2016		500,000		484,375
7.00% due 06/15/2017		2,150,000		2,112,375
7.50% due 04/01/2027		175,000		163,625
7.625% due 10/01/2018		150,000		155,625
				2,916,000
Gas & Pipeline Utilities - 3.06%
El Paso Corp.
6.875% due 06/15/2014		500,000		504,621
7.00% due 06/15/2017		2,750,000		2,792,309

The accompanying notes are an integral part of the financial statements. 

432

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Gas & Pipeline Utilities (continued)
K N Energy, Inc.
7.45% due 03/01/2098	$	1,275,000	$	1,132,364
Kinder Morgan Finance Company ULC
6.40% due 01/05/2036		130,000		110,785
MarkWest Energy Partners LP, Series B
8.50% due 07/15/2016		630,000		620,550
Northwest Pipeline Corp.
7.00% due 06/15/2016		275,000		285,656
Sabine Pass LNG LP
7.50% due 11/30/2016		4,950,000		4,875,750
Williams Companies, Inc.
6.375% due 10/01/2010		250,000		251,250
7.36% due 10/01/2010 (b)		650,000		654,875
8.75% due 03/15/2032		1,100,000		1,266,375
Williams Partners Finance Corp.
7.25% due 02/01/2017		600,000		612,000
				13,106,535
Healthcare Products - 0.51%
Cooper Companies (The), Inc.
7.125% due 02/15/2015		2,200,000		2,167,000
Healthcare Services - 0.61%
Centene Corp.
7.25% due 04/01/2014		1,375,000		1,347,500
DaVita, Inc.
6.625% due 03/15/2013		500,000		496,250
Healthsouth Corp.
10.75% due 06/15/2016		750,000		789,375
				2,633,125
Hotels & Restaurants - 2.12%
Denny's Corp.
10.00% due 10/01/2012		1,025,000		1,058,313
Gaylord Entertainment Company
6.75% due 11/15/2014		1,432,000		1,374,720
O'Charleys, Inc.
9.00% due 11/01/2013		4,625,000		4,677,031
Real Mex Restaurants, Inc.
10.00% due 04/01/2010		2,000,000		1,990,000
				9,100,064
Household Appliances - 0.32%
ALH Finance LLC
8.50% due 01/15/2013		1,450,000		1,392,000
Industrial Machinery - 1.23%
Altra Industrial Motion, Inc.
9.00% due 12/01/2011		1,250,000		1,267,188
Baldor Electric Company
8.625% due 02/15/2017		900,000		940,500
H&E Equipment Services, Inc.
8.375% due 07/15/2016		2,075,000		2,023,125
Neff Corp.
10.00% due 06/01/2015 (a)		1,495,000		1,061,450
				5,292,263

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance - 0.45%
USI Holdings Corp.
9.75% due 05/15/2015	$	2,150,000	$	1,929,625
Leisure Time - 4.79%
AMC Entertainment, Inc.
8.00% due 03/01/2014		24,000		22,860
AMC Entertainment, Inc., Series B
8.625% due 08/15/2012		1,387,000		1,425,142
Chukchansi Economic Development Authority
8.00% due 11/15/2013		1,655,000		1,671,550
8.859% due 11/15/2012 (b)		744,000		749,580
Majestic Star Casino LLC
9.50% due 10/15/2010		1,040,000		998,400
Mandalay Resort Group, Inc.
6.50% due 07/31/2009		150,000		150,750
MGM MIRAGE
6.00% due 10/01/2009		1,750,000		1,736,875
MGM Mirage, Inc.
6.75% due 09/01/2012		125,000		122,969
8.50% due 09/15/2010		1,250,000		1,306,250
Mohegan Tribal Gaming Authority
6.125% due 02/15/2013		686,000		653,415
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		500,000		495,000
9.75% due 04/01/2010		400,000		411,000
Penn National Gaming, Inc.
6.875% due 12/01/2011		1,000,000		1,012,500
River Rock Entertainment Authority
9.75% due 11/01/2011		1,050,000		1,084,125
San Pasqual Casino Development Group
8.00% due 09/15/2013		1,850,000		1,868,500
Seminole Hard Rock Entertainment, Inc.
8.194% due 03/15/2014 (b)		675,000		658,969
Speedway Motorsports, Inc.
6.75% due 06/01/2013		1,635,000		1,610,475
Station Casinos, Inc.
6.00% due 04/01/2012		3,255,000		3,092,250
Wynn Las Vegas LLC
6.625% due 12/01/2014		1,500,000		1,470,000
				20,540,610
Liquor - 0.48%
Constellation Brands, Inc.
7.25% due 09/01/2016		1,750,000		1,750,000
7.25% due 05/15/2017		300,000		300,000
				2,050,000
Medical-Hospitals - 3.31%
Community Health Systems, Inc.
8.875% due 07/15/2015		1,800,000		1,849,500
HCA, Inc.
6.25% due 02/15/2013		21,000		18,585
7.875% due 02/01/2011		740,000		727,050
9.125% due 11/15/2014		650,000		685,750
9.25% due 11/15/2016		4,800,000		5,100,000
Multiplan, Inc.
10.375% due 04/15/2016		1,800,000		1,800,000

The accompanying notes are an integral part of the financial statements. 

433

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Medical-Hospitals (continued)
Sun Healthcare Group, Inc.
9.125% due 04/15/2015	$	800,000	$	816,000
Tenet Healthcare Corp.
6.375% due 12/01/2011		2,100,000		1,837,500
6.875% due 11/15/2031		635,000		474,662
United Surgical Partners International, Inc.
8.875% due 05/01/2017		885,000		893,850
				14,202,897
Mining - 1.18%
Freeport-McMoRan Copper & Gold, Inc.
8.25% due 04/01/2015		500,000		540,000
8.375% due 04/01/2017		4,150,000		4,533,875
				5,073,875
Office Furnishings & Supplies - 0.03%
IKON Office Solutions, Inc.
7.75% due 09/15/2015		150,000		150,750
Paper - 0.71%
Abitibi-Consolidated, Inc.
5.25% due 06/20/2008		850,000		811,750
Georgia-Pacific Corp.
7.125% due 01/15/2017		875,000		846,563
Neenah Paper, Inc.
7.375% due 11/15/2014		700,000		675,500
P. H. Glatfelter Company
7.125% due 05/01/2016		725,000		721,375
				3,055,188
Petroleum Services - 0.62%
Allis-Chalmers Energy, Inc.
8.50% due 03/01/2017		975,000		943,312
Compagnie Generale de Geophysique SA
7.50% due 05/15/2015		200,000		206,000
7.75% due 05/15/2017		200,000		206,000
Tesoro Corp.
6.50% due 06/01/2017		1,300,000		1,290,250
				2,645,562
Pharmaceuticals - 0.36%
Omnicare, Inc.
6.875% due 12/15/2015		1,650,000		1,526,250
Publishing - 2.12%
Dex Media East LLC
9.875% due 11/15/2009		1,600,000		1,642,000
12.125% due 11/15/2012		1,750,000		1,868,125
Dex Media West LLC
9.875% due 08/15/2013		500,000		531,875
Idearc, Inc.
8.00% due 11/15/2016		4,025,000		4,014,937
Medianews Group, Inc.
6.375% due 04/01/2014		550,000		407,000
Nielsen Finance LLC
zero coupon, step up to 12.5% on
08/01/2011 due 08/01/2016		875,000		612,500
				9,076,437

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate - 2.24%
BF Saul, REIT
7.50% due 03/01/2014	$	1,975,000	$	1,836,750
Host Marriott LP, REIT
7.125% due 11/01/2013		500,000		503,750
Host Marriott LP, Series M, REIT
7.00% due 08/15/2012		1,330,000		1,339,975
Host Marriott LP, Series Q, REIT
6.75% due 06/01/2016		4,000,000		3,960,000
Rouse Company LP, REIT
6.75% due 05/01/2013		2,000,000		1,961,866
				9,602,341
Retail - 0.78%
Carrols Corp.
9.00% due 01/15/2013		575,000		546,250
Ferrellgas Escrow LLC
6.75% due 05/01/2014		2,200,000		2,145,000
Suburban Propane Partners LP
6.875% due 12/15/2013		655,000		638,625
				3,329,875
Retail Grocery - 0.09%
Smithfield Foods, Inc.
7.75% due 07/01/2017		382,000		391,550
Retail Trade - 0.87%
American Greetings Corp.
7.375% due 06/01/2016		400,000		388,000
Payless Shoesource, Inc.
8.25% due 08/01/2013		1,400,000		1,354,500
Rite Aid Corp.
9.50% due 06/15/2017		2,125,000		1,986,875
				3,729,375
Sanitary Services - 0.76%
Allied Waste North America, Inc.
6.50% due 11/15/2010		700,000		705,250
7.875% due 04/15/2013		700,000		722,750
Allied Waste North America, Inc., Series B
5.75% due 02/15/2011		200,000		196,500
7.125% due 05/15/2016		1,600,000		1,636,000
				3,260,500
Semiconductors - 0.50%
NXP BV / NXP Funding LLC
8.11% due 10/15/2013 (b)		1,395,000		1,295,606
9.50% due 10/15/2015		900,000		839,250
				2,134,856
Software - 0.35%
Open Solutions, Inc.
9.75% due 02/01/2015		1,575,000		1,515,938
Telecommunications Equipment &
Services - 3.39%
American Tower Corp.
7.00% due 10/15/2017		1,365,000		1,373,531
Citizens Communications Company
7.05% due 10/01/2046		1,050,000		858,375
7.125% due 03/15/2019		125,000		123,125

The accompanying notes are an integral part of the financial statements. 

434

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services (continued)
Eschelon Operating Company
8.375% due 03/15/2010	$	700,000	$	686,000
Intelsat Bermuda, Ltd.
11.25% due 06/15/2016		2,750,000		2,945,938
Intelsat, Ltd.
5.25% due 11/01/2008		1,975,000		1,925,625
Level 3 Financing, Inc.
9.25% due 11/01/2014		660,000		650,100
PanAmSat Corp.
9.00% due 08/15/2014		3,600,000		3,708,000
9.00% due 06/15/2016		775,000		798,250
Time Warner Telecom Holdings, Inc.
9.25% due 02/15/2014		1,400,000		1,452,500
				14,521,444
Telephone - 2.52%
Qwest Communications International, Inc.
7.25% due 02/15/2011		395,000		399,444
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014		500,000		506,250
Qwest Corp.
6.50% due 06/01/2017		1,250,000		1,225,000
7.50% due 06/15/2023		1,000,000		985,000
7.50% due 10/01/2014		600,000		624,000
7.875% due 09/01/2011		1,750,000		1,837,500
8.875% due 03/15/2012		1,760,000		1,920,600
8.944% due 06/15/2013 (b)		500,000		533,750
Valor Telecommunications Enterprise LLC
7.75% due 02/15/2015		1,450,000		1,519,703
Windstream Corp.
8.125% due 08/01/2013		1,190,000		1,252,475
				10,803,722
Tobacco - 0.56%
Reynolds American, Inc.
6.50% due 07/15/2010		250,000		256,558
7.625% due 06/01/2016		2,000,000		2,129,406
				2,385,964
Transportation - 2.10%
Bombardier, Inc.
6.75% due 05/01/2012		600,000		601,500
7.45% due 05/01/2034		2,200,000		2,178,000
Gulfmark Offshore, Inc.
7.75% due 07/15/2014		2,200,000		2,211,000
Overseas Shipholding Group, Inc.
7.50% due 02/15/2024		2,350,000		2,279,500
Trailer Bridge, Inc.
9.25% due 11/15/2011		1,750,000		1,732,500
				9,002,500
Travel Services - 0.10%
Sabre Holdings Corp.
6.35% due 03/15/2016		500,000		450,000
TOTAL CORPORATE BONDS (Cost $320,698,186)			$	318,422,019

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES - 0.30%
DB Master Finance LLC, Series-2006-1, Class M1
8.285% due 06/20/2031	$	1,250,000	$	1,283,889
TOTAL ASSET BACKED SECURITIES
(Cost $1,249,975)			$	1,283,889
TERM LOANS - 19.85%
Air Travel - 0.34%
Delta Airlines, Inc., Tranche B2
8.61% due 04/30/2014 (b)		1,000,000		972,500
U.S. Airways Group, Inc.
7.631% due 03/31/2011 (b)		500,000		477,500
				1,450,000
Auto Parts - 0.60%
Delphi Corp., Tranche C
8.125% due 12/31/2007 (b)		1,100,000		1,098,168
Federal Mogul Corp. Dip, Tranche B
6.89% due 12/31/2007 (b)		1,000,000		997,500
Pep Boys, Term Loan
7.360% due 01/31/2013 (b)		500,000		495,313
				2,590,981
Automobiles - 0.26%
CSK Automotive, Inc.
8.375% due 06/30/2012 (b)		496,259		490,056
Ford Motor Company, Tranche B
8.70% due 11/29/2013 (b)		647,619		629,877
				1,119,933
Broadcasting - 0.22%
Citadel Broadcasting Corp.
6.79% due 06/12/2014 (b)		1,000,000		953,335
Business Services - 2.01%
Adesa, Inc., Tranche KAR
7.45% due 09/22/2013 (b)		1,000,000		961,550
Coinmach Laundry Corp.
8.04% due 12/19/2012 (b)		1,500,000		1,494,731
Education Management Corp., Tranche C
7.125% due 05/24/2013 (b)		990,000		958,815
Reynolds & Reynolds Company, Inc.
7.35% due 10/24/2012 (b)		396,364		393,391
Reynolds & Reynolds Company, Inc.,Tranche 2
10.698% due 10/24/2013 (b)		1,125,000		1,125,000
Reynolds & Reynolds Company, Inc.,Tranche 3
12.698% due 10/24/2014 (b)		625,000		628,125
Riverdeep Interactive Learning USA, Inc., Tranche B
7.948% due 11/28/2013 (b)		1,490,478		1,474,955
SunGard Data Systems, Inc., Tranche B1
7.356% due 02/27/2014 (b)		1,602,000		1,575,166
				8,611,733
Cable & Television - 0.90%
Charter Communications Operating LLC, Tranche 3
7.698% due 03/01/2014 (b)		750,000		721,095
Charter Communications Operating LLC, Tranche
B1
7.36% due 03/06/2014 (b)		750,000		725,940

The accompanying notes are an integral part of the financial statements. 

435

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Cable & Television (continued)
CSC Holdings, Inc.
7.569% due 03/23/2013 (b)	$	2,431,626	$	2,399,881
				3,846,916
Cellular Communications - 0.46%
American Cellular Corp.
7.36% due 08/07/2013 (b)		1,500,000		1,495,875
Leap Wireless International, Inc.
7.36% due 06/30/2013 (b)		500,000		495,000
				1,990,875
Chemicals - 0.93%
Arizona Chemical Company, Tranche B
7.541% due 02/28/2013 (b)		249,375		235,036
Celanese Holdings LLC, Letter of Credit
7.11% due 04/02/2014 (b)		581,875		569,655
Celanese Holdings LLC, Tranche B
5.665% due 04/02/2014 (b)		166,667		163,167
Huntsman International LLC
6.886% due 04/19/2014 (b)		1,053,540		1,047,145
Lyondell Chemical Company
6.63% due 08/16/2013 (b)		1,994,962		1,986,075
				4,001,078
Commercial Services - 0.17%
Safety-Kleen, Corp., Letter of Credit
5.688% due 07/27/2013 (b)		152,542		149,492
Safety-Kleen, Corp., Tranche B
8.188% due 07/27/2013 (b)		580,360		568,753
				718,245
Containers & Glass - 0.17%
Graham Packaging Company
7.71% due 10/07/2011 (b)		249,373		246,256
Owens-Illinois, Inc.
6.37% due 06/14/2013 (b)		500,000		490,625
				736,881
Crude Petroleum & Natural Gas - 0.18%
Coffeyville Resources, Inc., Letter of Credit
5.26% due 12/28/2010 (b)		129,730		125,567
Coffeyville Resources, Inc., Tranche B
8.61% due 03/09/2013 (b)		665,256		643,911
				769,478
Domestic Oil - 0.22%
Alon USA LP
7.60% due 06/07/2013 (b)		990,000		962,775
Electrical Utilities - 1.27%
Boston Generating, LC
5.073% due 12/21/2013 (b)		63,038		61,994
Boston Generating, Revolver
5.073% due 12/21/2013 (b)		31,776		31,250
Boston Generating, Term Loan B
7.448% due 12/20/2013 (b)		488,207		480,122
Calpine Corp., Tranche B
7.448% due 03/29/2009 (b)		4,944,375		4,866,270
				5,439,636

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Energy - 1.18%
Covanta Energy Corp., Letter of Credit
5.098% due 02/02/2014 (b)	$	560,825	$	544,000
Covanta Energy Corp., Tranche B
6.93% due 02/02/2014 (b)		1,133,479		1,099,475
NRG Energy, Inc.
6.948% due 11/04/2012 (b)		1,764,724		1,720,606
NRG Energy, Inc., Tranche L
6.848% due 02/02/2011 (b)		732,624		709,996
Sandridge Energy, Inc.
8.625% due 03/07/2015 (b)		1,000,000		985,000
				5,059,077
Financial Services - 2.28%
BNY ConvergEx Group, Tranche 1
8.20% due 08/17/2013 (b)		1,250,000		1,207,037
Emdeon Business Services LLC, Tranche 1B
7.45% due 11/16/2013 (b)		486,002		475,067
Emdeon Business Services LLC, Tranche 2
10.20% due 05/16/2014 (b)		1,000,000		995,000
Linsco/Private Ledger Corp., Tranche B
7.20% due 06/27/2013 (b)		1,445,744		1,402,372
NASDAQ Stock Market, Inc., Tranche C
7.07% due 04/18/2012 (b)		280,806		278,349
TD Ameritrade Holding Corp.
6.820% due 12/31/2012 (b)		500,000		492,967
TPF Generation Holdings LLC, Tranche 2
9.448% due 12/15/2014 (b)		800,000		763,000
VNU, Inc., Tranche B
7.607% due 08/07/2013 (b)		2,798,402		2,720,047
Wimar Landco LLC, Tranche B
7.448% due 07/03/2008 (b)		750,000		735,000
Wimar Operating Company LLC, Tranche B
7.448% due 01/03/2012 (b)		710,734		689,323
				9,758,162
Food & Beverages - 0.80%
Dean Foods Company, Tranche B
6.70% due 03/01/2014 (b)		1,492,500		1,459,747
Supervalu, Inc., Tranche B
7.32% due 05/30/2012 (b)		1,975,000		1,959,980
				3,419,727
Gas & Pipeline Utilities - 0.34%
Dynegy Holdings, Inc.
6.629% due 03/02/2013 (b)		1,000,000		959,165
Targa Resources, Letter of Credit
5.073% due 10/05/2011 (b)		290,323		288,871
Targa Resources, Term Loan B
7.53% due 10/05/2012 (b)		188,028		187,088
				1,435,124
Healthcare Services - 0.46%
Carestream Health, Inc., Tranche B
7.27% due 04/30/2013 (b)		950,000		917,049
Carestream Health, Inc., Tranche B2
10.59% due 10/30/2013 (b)		500,000		482,500

The accompanying notes are an integral part of the financial statements. 

436

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Healthcare Services (continued)
Healthsouth Corp., Tranche B
7.86% due 03/10/2013 (b)	$	574,657	$	561,931
				1,961,480
Household Products - 0.10%
Huish Detergents, Inc., Tranche 2
9.45% due 04/26/2014 (b)		500,000		427,500
Industrial Machinery - 0.05%
Baldor Electric Company, Tranche B
7.124% due 01/31/2014 (b)		215,655		213,268
Insurance - 0.50%
Affirmative Insurance Holdings Company, Inc.
8.84% due 01/12/2014 (b)		744,375		703,434
AmWINS Group, Inc.
11.07% due 06/07/2014 (b)		500,000		462,500
Kepler Holdings, Ltd.
10.698% due 06/30/2009 (b)		500,000		490,000
Panther RE Bermuda, Ltd., Tranche B
10.08% due 11/30/2010 (b)		500,000		490,000
				2,145,934
Leisure Time - 1.33%
BLB Wembly Holdings, Inc.
9.72% due 06/30/2011 (b)		700,000		668,500
Bombardier Recreational Products, Inc., Tranche B
7.86% due 06/26/2013 (b)		979,747		959,544
Golden Nugget, Inc.
9.01% due 06/14/2014 (b)		750,000		706,875
Greenwood Racing
7.80% due 11/14/2011 (b)		486,006		469,030
Penn National Gaming, Inc.
7.11% due 05/26/2012 (b)		1,246,819		1,238,771
Riviera Holding Corp.
7.20% due 06/08/2014 (b)		1,000,000		982,500
Spectre Gaming, Inc.
11.97% due 03/01/2013 (b)		716,222		666,087
				5,691,307
Medical-Hospitals - 0.85%
Community Health Systems, Inc., Tranche B
7.76% due 07/02/2014 (b)		1,876,257		1,845,374
Community Health Systems, Inc., Tranche Delayed
Draw
.50% due 07/02/2014 (b)(f)		123,743		121,706
HCA, Inc.
7.448% due 11/01/2013 (b)		1,191,000		1,171,039
X-Rite, Inc., Tranche 2
10.72% due 06/30/2013 (b)		500,000		492,500
				3,630,619
Paper - 1.05%
Domtar Inc., Tranche B
7.185% due 03/02/2014 (b)		562,500		548,297
Georgia-Pacific Corp., Tranche B
7.41% due 02/14/2013 (b)		1,654,825		1,626,552

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Paper (continued)
Georgia-Pacific Corp., Tranche B2
7.37% due 12/22/2012 (b)	$	2,365,625	$	2,327,184
				4,502,033
Publishing - 0.45%
Idearc, Inc., Tranche B
7.20% due 11/01/2014 (b)		1,962,626		1,932,725
Railroads & Equipment - 0.52%
RailAmerica, Inc., Tranche T1
7.81% due 08/14/2008 (b)		2,250,000		2,233,125
Retail - 0.81%
Toys R Us, Inc., Tranche B
8.665% due 12/09/2008 (b)		3,500,000		3,469,375
Sanitary Services - 0.21%
Waste Services, Inc., Tranche B
8.05% due 04/30/2011 (b)		927,298		901,797
Semiconductors - 0.22%
Marvell Technology Group, Inc.
7.698% due 11/08/2009 (b)		989,375		959,694
Telecommunications Equipment &
Services - 0.23%
Level 3 Communications, Inc.
7.605% due 03/16/2014 (b)		1,000,000		984,375
Tires & Rubber - 0.45%
Goodyear Tire & Rubber Company, Tranche 2
6.85% due 04/30/2010 (b)		2,000,000		1,940,010
Transportation - 0.29%
Laidlaw International, Inc., Tranche B
8.50% due 07/31/2013 (b)		496,250		495,320
Oshkosh Truck Corp., Tranche B
7.45% due 12/06/2013 (b)		746,250		737,388
				1,232,708
TOTAL TERM LOANS (Cost $86,581,232)			$	85,089,906
SHORT TERM INVESTMENTS - 2.37%
John Hancock Cash Investment Trust (c)	$	10,141,991	$	10,141,991
TOTAL SHORT TERM INVESTMENTS
(Cost $10,141,991)			$	10,141,991
REPURCHASE AGREEMENTS - 3.49%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$14,981,117 on 10/01/2007,
collateralized by $15,615,000
Federal Home Loan Mortgage
Corp., 5.2% due 03/05/2019
(valued at $15,278,934, including
interest)	$	14,976,000	$	14,976,000
TOTAL REPURCHASE AGREEMENTS
(Cost $14,976,000)			$	14,976,000

The accompanying notes are an integral part of the financial statements. 

437

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Total Investments (U.S. High Yield Bond Trust)
(Cost $433,647,384) - 100.28%		$	429,913,805
Liabilities in Excess of Other Assets - (0.28)%			(1,187,203)
TOTAL NET ASSETS - 100.00%		$	428,726,602
U.S. Large Cap Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.22%
Advertising - 0.33%
Getty Images, Inc. *	52,100	$	1,450,464
Omnicom Group, Inc.	39,400		1,894,746
			3,345,210
Aerospace - 1.68%
Alliant Techsystems, Inc. *	1,100		120,230
Boeing Company	58,700		6,162,913
United Technologies Corp.	134,000		10,784,320
			17,067,463
Aluminum - 0.21%
Alcoa, Inc.	54,700		2,139,864
Apparel & Textiles - 0.65%
Coach, Inc. *	38,900		1,838,803
Hanesbrands, Inc. *	170,649		4,788,411
			6,627,214
Auto Parts - 0.40%
Johnson Controls, Inc.	34,300		4,051,173
Automobiles - 0.95%
Ford Motor Company *	728,700		6,186,663
General Motors Corp.	95,700		3,512,190
			9,698,853
Banking - 3.44%
Commerce Bancorp, Inc.	48,900		1,896,342
Fifth Third Bancorp	118,400		4,011,392
Hudson City Bancorp, Inc.	405,100		6,230,438
SunTrust Banks, Inc.	49,500		3,745,665
Wachovia Corp.	381,200		19,117,180
			35,001,017
Biotechnology - 1.57%
Genentech, Inc. *	173,400		13,528,668
Millennium Pharmaceuticals, Inc. *	242,800		2,464,420
			15,993,088
Broadcasting - 0.47%
CBS Corp., Class B	149,000		4,693,500
Citadel Broadcasting Corp.	21,979		91,433
			4,784,933
Building Materials & Construction - 0.27%
American Standard Companies, Inc.	76,800		2,735,616
Business Services - 2.18%
Affiliated Computer Services, Inc., Class A *	49,900		2,506,976
Automatic Data Processing, Inc.	35,900		1,648,887
Fluor Corp.	88,200		12,699,036
Moody's Corp.	44,400		2,237,760

U.S. Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Paychex, Inc.	75,100	$	3,079,100
			22,171,759
Cable & Television - 1.60%
Comcast Corp., Class A *	111,900		2,705,742
Time Warner Cable, Inc. *	56,800		1,863,040
Time Warner Telecom, Inc., Class A *	313,600		6,889,792
Time Warner, Inc.	138,700		2,546,532
Viacom, Inc., Class B *	56,850		2,215,444
			16,220,550
Chemicals - 0.91%
Potash Corp. of Saskatchewan, Inc.	87,900		9,291,030
Coal - 0.37%
Arch Coal, Inc.	111,900		3,775,506
Computers & Business Equipment - 7.47%
Brocade Communications Systems, Inc. *	779,700		6,674,232
Cisco Systems, Inc. *	822,300		27,226,353
Cognizant Technology Solutions Corp.,
Class A *	22,200		1,770,894
Dell, Inc. *	234,100		6,461,160
Hewlett-Packard Company	73,200		3,644,628
SanDisk Corp. *	298,700		16,458,370
Seagate Technology	400,000		10,232,000
Sun Microsystems, Inc. *	622,400		3,491,664
			75,959,301
Cosmetics & Toiletries - 0.05%
Estee Lauder Companies, Inc., Class A	10,900		462,814
Crude Petroleum & Natural Gas - 0.16%
EOG Resources, Inc.	21,800		1,576,794
Drugs & Health Care - 1.09%
ImClone Systems, Inc. *	180,400		7,457,736
Wyeth	80,700		3,595,185
			11,052,921
Electrical Equipment - 0.64%
Cooper Industries, Ltd., Class A	57,400		2,932,566
Emerson Electric Company	66,800		3,555,096
			6,487,662
Electrical Utilities - 1.17%
CMS Energy Corp.	143,000		2,405,260
Edison International	104,600		5,800,070
Pinnacle West Capital Corp.	46,100		1,821,411
The AES Corp. *	93,000		1,863,720
			11,890,461
Electronics - 1.30%
Agilent Technologies, Inc. *	76,300		2,813,944
Flextronics International, Ltd. *	388,100		4,338,958
Jabil Circuit, Inc.	264,600		6,043,464
			13,196,366
Financial Services - 8.80%
American Capital Strategies, Ltd.	79,300		3,388,489

The accompanying notes are an integral part of the financial statements. 

438

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
AmeriCredit Corp. *	94,400	$	1,659,552
Capital One Financial Corp.	62,900		4,178,447
Federal Home Loan Mortgage Corp.	72,400		4,272,324
Federal National Mortgage Association	131,300		7,984,353
Goldman Sachs Group, Inc.	33,600		7,282,464
IndyMac Bancorp, Inc. (a)	195,400		4,613,394
JP Morgan Chase & Company	352,392		16,146,601
Lehman Brothers Holdings, Inc.	77,200		4,765,556
SLM Corp.	200,022		9,935,093
Washington Mutual, Inc.	452,200		15,967,182
Wells Fargo & Company	259,300		9,236,266
			89,429,721
Food & Beverages - 4.35%
Campbell Soup Company	1,100		40,700
Kraft Foods, Inc., Class A	248,404		8,572,422
PepsiCo, Inc.	190,400		13,948,704
Sara Lee Corp.	539,400		9,002,586
Sysco Corp.	49,600		1,765,264
The Coca-Cola Company	96,100		5,522,867
Unilever NV	172,600		5,324,710
			44,177,253
Furniture & Fixtures - 0.11%
Leggett & Platt, Inc.	60,500		1,159,180
Gold - 0.66%
Barrick Gold Corp.	167,400		6,742,872
Healthcare Products - 1.92%
Baxter International, Inc.	232,000		13,056,960
Medtronic, Inc.	114,500		6,458,945
			19,515,905
Healthcare Services - 2.07%
Cerner Corp. *	41,100		2,458,191
DaVita, Inc. *	104,250		6,586,515
UnitedHealth Group, Inc.	246,500		11,937,995
			20,982,701
Holdings Companies/Conglomerates - 3.47%
Berkshire Hathaway, Inc., Class A *	56		6,636,560
General Electric Company	691,100		28,611,540
			35,248,100
Homebuilders - 0.12%
Lennar Corp., Class A	53,200		1,204,980
Hotels & Restaurants - 0.99%
McDonald's Corp.	56,000		3,050,320
Starbucks Corp. *	180,400		4,726,480
Starwood Hotels & Resorts Worldwide, Inc.	37,500		2,278,125
			10,054,925
Household Products - 0.38%
Energizer Holdings, Inc. *	20,600		2,283,510
Jarden Corp. *	50,000		1,547,000
			3,830,510

U.S. Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial Machinery - 0.20%
Caterpillar, Inc.	26,000	$	2,039,180
Insurance - 4.06%
AFLAC, Inc.	47,900		2,732,216
Ambac Financial Group, Inc.	130,200		8,190,882
American International Group, Inc.	180,887		12,237,006
Marsh & McLennan Companies, Inc.	248,800		6,344,400
MBIA, Inc.	94,000		5,738,700
Progressive Corp.	114,200		2,216,622
RenaissanceRe Holdings, Ltd.	28,300		1,851,103
XL Capital, Ltd., Class A	24,800		1,964,160
			41,275,089
International Oil - 4.34%
Anadarko Petroleum Corp.	43,000		2,311,250
Chevron Corp.	44,248		4,140,728
ConocoPhillips	40,200		3,528,354
Exxon Mobil Corp.	80,100		7,414,056
Royal Dutch Shell PLC, ADR, Class B	26,342		2,162,678
Royal Dutch Shell PLC, ADR	207,600		17,060,568
Weatherford International, Ltd. *	111,200		7,470,416
			44,088,050
Internet Content - 3.08%
Google, Inc., Class A *	42,400		24,052,248
Yahoo!, Inc. *	268,600		7,209,224
			31,261,472
Internet Retail - 1.14%
eBay, Inc. *	296,100		11,553,822
Leisure Time - 1.86%
Carnival Corp.	30,600		1,481,958
Las Vegas Sands Corp. *	57,000		7,604,940
Walt Disney Company	286,200		9,842,418
			18,929,316
Liquor - 0.17%
Anheuser-Busch Companies, Inc.	33,600		1,679,664
Manufacturing - 2.11%
Danaher Corp.	89,300		7,386,003
Illinois Tool Works, Inc.	180,000		10,735,200
Siemens AG SADR	24,500		3,362,625
			21,483,828
Mining - 0.57%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	27,800		2,915,942
Newmont Mining Corp.	65,300		2,920,869
			5,836,811
Petroleum Services - 3.04%
Baker Hughes, Inc.	85,600		7,735,672
BJ Services Company	229,300		6,087,915
Schlumberger, Ltd.	162,800		17,094,000
			30,917,587

The accompanying notes are an integral part of the financial statements. 

439

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals - 6.10%
Allergan, Inc.	125,300	$	8,078,091
AstraZeneca PLC, SADR	307,400		15,391,518
Bristol-Myers Squibb Company	182,700		5,265,414
Forest Laboratories, Inc. *	294,600		10,985,634
Pfizer, Inc.	260,500		6,364,015
Sanofi-Aventis, ADR	172,700		7,325,934
Sepracor, Inc. *	122,100		3,357,750
Teva Pharmaceutical Industries, Ltd., SADR	118,100		5,251,907
			62,020,263
Real Estate - 0.17%
Douglas Emmett, Inc., REIT	54,500		1,347,785
Host Hotels & Resorts, Inc., REIT	17,508		392,880
			1,740,665
Retail Trade - 5.48%
Best Buy Company, Inc.	214,300		9,862,086
Costco Wholesale Corp.	28,400		1,742,908
Home Depot, Inc.	126,500		4,103,660
Lowe's Companies, Inc.	546,400		15,310,128
Target Corp.	353,600		22,478,352
Urban Outfitters, Inc. *	99,300		2,164,740
			55,661,874
Semiconductors - 5.59%
Altera Corp.	194,900		4,693,192
Applied Materials, Inc.	647,100		13,394,970
Intel Corp.	338,000		8,740,680
KLA-Tencor Corp.	228,800		12,762,464
Lam Research Corp. *	47,400		2,524,524
Micron Technology, Inc. *	292,300		3,244,530
Qimonda AG, SADR *	197,900		2,236,270
Silicon Laboratories, Inc. *	55,000		2,296,800
Xilinx, Inc.	263,300		6,882,662
			56,776,092
Software - 3.29%
Microsoft Corp.	807,500		23,788,950
NAVTEQ Corp. *	27,600		2,151,972
SAP AG, SADR (a)	82,300		4,828,541
VeriFone Holdings, Inc. *	60,300		2,673,099
			33,442,562
Steel - 0.16%
Allegheny Technologies, Inc.	14,800		1,627,260
Telecommunications Equipment &
Services - 3.10%
American Tower Corp., Class A *	86,000		3,744,440
Corning, Inc.	129,800		3,199,570
Level 3 Communications, Inc. *	1,390,000		6,463,500
Polycom, Inc. *	84,200		2,261,612
QUALCOMM, Inc.	295,800		12,500,508
Verizon Communications, Inc.	74,700		3,307,716
			31,477,346

U.S. Large Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telephone - 0.82%
AT&T, Inc.		197,400	$	8,351,994
Tobacco - 1.23%
Altria Group, Inc.		179,500		12,480,635
Trucking & Freight - 1.93%
FedEx Corp.		37,500		3,928,125
United Parcel Service, Inc., Class B		209,400		15,725,940
				19,654,065
TOTAL COMMON STOCKS (Cost $868,591,711)			$	998,173,317
CORPORATE BONDS - 0.26%
Automobiles - 0.26%
Ford Motor Company
4.25% due 12/15/2036		2,282,000		2,680,437
TOTAL CORPORATE BONDS (Cost $2,296,183)			$	2,680,437
CONVERTIBLE BONDS - 0.24%
Pharmaceuticals - 0.24%
Schering-Plough Corp.
6.00% due 08/13/2010		8,600		2,382,200
TOTAL CONVERTIBLE BONDS (Cost $2,150,000)			$	2,382,200
SHORT TERM INVESTMENTS - 1.28%
John Hancock Cash Investment Trust (c)	$	12,956,138	$	12,956,138
TOTAL SHORT TERM INVESTMENTS
(Cost $12,956,138)			$	12,956,138
REPURCHASE AGREEMENTS - 1.46%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$14,886,084 on 10/01/2007,
collateralized by $15,010,000
Federal National Mortgage
Association, 5.625% due
08/21/2012 (valued at
$15,178,863, including interest)	$	14,881,000	$	14,881,000
TOTAL REPURCHASE AGREEMENTS
(Cost $14,881,000)			$	14,881,000
Total Investments (U.S. Large Cap Trust)
(Cost $900,875,032) - 101.46%			$	1,031,073,092
Liabilities in Excess of Other Assets - (1.46)%				(14,840,357)
TOTAL NET ASSETS - 100.00%			$	1,016,232,735

The accompanying notes are an integral part of the financial statements. 

440

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 91.32%
Advertising - 0.11%
Omnicom Group, Inc.	39,100	$	1,880,319
Aerospace - 0.73%
Alliant Techsystems, Inc. *	4,700		513,710
General Dynamics Corp.	7,000		591,290
Goodrich Corp.	5,000		341,150
Lockheed Martin Corp.	35,900		3,894,791
Northrop Grumman Corp.	37,100		2,893,800
Raytheon Company	5,800		370,156
Rockwell Collins, Inc.	14,700		1,073,688
United Technologies Corp.	28,900		2,325,872
			12,004,457
Air Freight - 0.01%
ExpressJet Holdings, Inc. *	30,300		93,627
Air Travel - 0.01%
Pinnacle Airline Corp. * (a)	9,200		147,384
Aluminum - 0.10%
Alcoa, Inc.	42,100		1,646,952
Apparel & Textiles - 1.79%
Coach, Inc. *	173,100		8,182,437
Columbia Sportswear Company (a)	13,900		768,809
Deckers Outdoor Corp. *	2,400		263,520
Jones Apparel Group, Inc.	47,300		999,449
Kellwood Company (a)	3,700		63,085
K-Swiss, Inc., Class A	7,200		164,952
Liz Claiborne, Inc.	63,700		2,186,821
Mohawk Industries, Inc. * (a)	14,800		1,203,240
NIKE, Inc., Class B	148,400		8,705,144
Oakley, Inc.	10,600		307,718
Perry Ellis International, Inc. *	5,100		141,321
Polo Ralph Lauren Corp., Class A	9,700		754,175
VF Corp.	61,700		4,982,275
Wolverine World Wide, Inc.	31,300		857,620
			29,580,566
Auto Parts - 0.98%
American Axle & Manufacturing Holdings, Inc.	26,400		666,600
ArvinMeritor, Inc.	41,600		699,712
Autoliv, Inc.	37,900		2,264,525
AutoZone, Inc. *	56,300		6,538,682
BorgWarner, Inc.	6,600		604,098
Gentex Corp.	33,100		709,664
Genuine Parts Company	33,600		1,680,000
Johnson Controls, Inc.	16,700		1,972,437
Keystone Automotive Industries, Inc. *	3,500		167,160
Superior Industries International, Inc. (a)	7,900		171,351
TRW Automotive Holdings Corp. *	22,700		719,136
			16,193,365
Auto Services - 0.23%
AutoNation, Inc. *	123,700		2,191,964
Avis Budget Group, Inc. *	45,290		1,036,688
Copart, Inc. *	11,500		395,485

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Auto Services (continued)
Lithia Motors, Inc., Class A	7,200	$	122,832
			3,746,969
Automobiles - 1.65%
Asbury Automotive Group, Inc.	11,200		221,872
Ford Motor Company *	1,136,300		9,647,187
General Motors Corp. (a)	154,300		5,662,810
PACCAR, Inc.	136,150		11,606,788
			27,138,657
Banking - 1.19%
1st Source Corp.	660		15,114
Anchor BanCorp Wisconsin, Inc. (a)	5,500		148,500
Bank of America Corp.	152,200		7,651,094
City Bank, Lynnwood, WA (a)	1,500		43,080
Comerica, Inc.	50,100		2,569,128
Downey Financial Corp. (a)	7,900		456,620
First BanCorp Puerto Rico (a)	16,600		157,700
First Horizon National Corp. (a)	16,800		447,888
FirstFed Financial Corp. * (a)	6,400		317,120
Frontier Financial Corp. (a)	6,800		158,644
Hancock Holding Company	500		20,040
Imperial Capital Bancorp, Inc.	2,400		67,800
National City Corp.	200,400		5,028,036
UnionBanCal Corp.	16,500		963,765
US Bancorp	47,500		1,545,175
			19,589,704
Biotechnology - 0.17%
Applera Corp.	42,600		1,475,664
Immucor, Inc. *	32,700		1,169,025
Techne Corp. *	2,900		182,932
			2,827,621
Broadcasting - 0.18%
Belo Corp., Class A	17,300		300,328
CBS Corp., Class B	67,600		2,129,400
Citadel Broadcasting Corp.	7,433		30,921
Cox Radio, Inc., Class A *	11,200		146,160
Liberty Media Corp. - Capital, Series A *	1,300		162,279
News Corp., Class A	7,500		164,925
Westwood One, Inc.	22,700		62,425
			2,996,438
Building Materials & Construction - 0.30%
American Standard Companies, Inc.	62,200		2,215,564
Dycom Industries, Inc. *	10,300		315,489
EMCOR Group, Inc. *	23,500		736,960
Masco Corp.	56,100		1,299,837
RPM International, Inc.	13,000		311,350
			4,879,200
Business Services - 1.25%
ABM Industries, Inc.	11,300		225,774
Affiliated Computer Services, Inc., Class A *	29,100		1,461,984
Computer Sciences Corp. *	16,900		944,710

The accompanying notes are an integral part of the financial statements. 

441

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Convergys Corp. *	42,700	$	741,272
Deluxe Corp.	37,500		1,381,500
Dun & Bradstreet Corp.	1,500		147,915
FactSet Research Systems, Inc.	21,600		1,480,680
Fiserv, Inc. *	98,500		5,009,710
Kelly Services, Inc., Class A	6,300		124,803
Manpower, Inc.	25,800		1,660,230
Moody's Corp.	38,000		1,915,200
NCR Corp. *	11,500		572,700
Pitney Bowes, Inc.	48,300		2,193,786
Pre-Paid Legal Services, Inc. * (a)	12,600		698,796
R.R. Donnelley & Sons Company	16,900		617,864
Resources Connection, Inc. *	20,000		463,000
ScanSource, Inc. *	4,300		120,873
Total Systems Services, Inc. (a)	23,400		650,052
Tyler Technologies, Inc. *	5,400		72,090
Unisys Corp. *	18,700		123,794
			20,606,733
Cable & Television - 0.41%
Comcast Corp., Class A *	70,400		1,702,272
DIRECTV Group, Inc. *	26,200		636,136
Time Warner, Inc.	241,300		4,430,268
			6,768,676
Cellular Communications - 0.09%
Telephone & Data Systems, Inc.	21,100		1,408,425
Chemicals - 0.87%
Albemarle Corp.	17,300		764,660
Cabot Corp.	13,300		472,549
Dow Chemical Company	81,400		3,505,084
E.I. Du Pont de Nemours & Company	59,500		2,948,820
Eastman Chemical Company	13,500		900,855
Georgia Gulf Corp. (a)	17,800		247,420
Hercules, Inc.	17,900		376,258
Lubrizol Corp.	13,300		865,298
Lyondell Chemical Company	20,700		959,445
PolyOne Corp. *	19,400		144,918
PPG Industries, Inc.	29,400		2,221,170
Sensient Technologies Corp.	32,800		946,936
			14,353,413
Colleges & Universities - 0.36%
Career Education Corp. *	49,200		1,377,108
Corinthian Colleges, Inc. *	25,700		408,887
ITT Educational Services, Inc. *	34,600		4,210,474
			5,996,469
Computers & Business Equipment - 8.34%
Apple, Inc. *	60,800		9,335,232
Avocent Corp. *	5,200		151,424
CDW Corp. *	46,500		4,054,800
Cisco Systems, Inc. *	322,000		10,661,420

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
Cognizant Technology Solutions Corp.,
Class A *	21,300	$	1,699,101
Dell, Inc. *	1,695,700		46,801,320
EMC Corp. *	244,100		5,077,280
Hewlett-Packard Company	63,000		3,136,770
Ingram Micro, Inc., Class A *	74,500		1,460,945
International Business Machines Corp.	403,500		47,532,300
Juniper Networks, Inc. *	21,900		801,759
Lexmark International, Inc. *	101,000		4,194,530
Tech Data Corp. *	44,500		1,785,340
Western Digital Corp. *	33,500		848,220
			137,540,441
Construction Materials - 0.20%
Comfort Systems USA, Inc.	7,700		109,340
Martin Marietta Materials, Inc.	1,900		253,745
Sherwin-Williams Company	43,800		2,878,098
			3,241,183
Containers & Glass - 0.25%
Ball Corp.	13,300		714,875
Bemis Company, Inc.	10,300		299,833
Greif, Inc., Class A	10,100		612,868
Owens-Illinois, Inc. *	22,900		949,205
Pactiv Corp. *	24,500		702,170
Sealed Air Corp.	21,100		539,316
Sonoco Products Company	10,900		328,962
			4,147,229
Cosmetics & Toiletries - 1.13%
Alberto-Culver Company	35,300		875,087
Avon Products, Inc.	52,500		1,970,325
Chattem, Inc. * (a)	5,000		352,600
Colgate-Palmolive Company	6,500		463,580
Estee Lauder Companies, Inc., Class A	53,000		2,250,380
International Flavors & Fragrances, Inc.	28,300		1,495,938
Kimberly-Clark Corp.	158,800		11,157,288
			18,565,198
Crude Petroleum & Natural Gas - 0.63%
Apache Corp.	18,700		1,684,122
Cabot Oil & Gas Corp.	4,100		144,156
Devon Energy Corp.	6,800		565,760
Marathon Oil Corp.	38,100		2,172,462
Occidental Petroleum Corp.	51,700		3,312,936
Sunoco, Inc.	25,500		1,804,890
XTO Energy, Inc.	11,300		698,792
			10,383,118
Domestic Oil - 0.03%
Holly Corp.	8,200		490,606
Drugs & Health Care - 0.03%
Molina Healthcare, Inc. *	14,400		522,288

The accompanying notes are an integral part of the financial statements. 

442

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Educational Services - 0.14%
Apollo Group, Inc., Class A *	38,700	$	2,327,805
Electrical Equipment - 0.39%
AZZ, Inc. *	5,200		181,792
Emerson Electric Company	74,000		3,938,280
FLIR Systems, Inc. *	26,400		1,462,296
Genlyte Group, Inc. *	7,600		488,376
Molex, Inc.	8,400		226,212
Varian, Inc. *	2,100		133,581
			6,430,537
Electrical Utilities - 0.88%
American Electric Power Company, Inc.	55,600		2,562,048
CenterPoint Energy, Inc. (a)	25,500		408,765
Constellation Energy Group	7,000		600,530
DTE Energy Company	17,000		823,480
Edison International	21,900		1,214,355
Entergy Corp.	43,700		4,732,273
Great Plains Energy, Inc.	8,900		256,409
NSTAR	15,600		543,036
PPL Corp.	16,500		763,950
Public Service Enterprise Group, Inc.	3,500		307,965
The AES Corp. *	75,900		1,521,036
Xcel Energy, Inc.	36,800		792,672
			14,526,519
Electronics - 0.30%
Amphenol Corp., Class A	12,100		481,096
Arrow Electronics, Inc. *	13,700		582,524
Avnet, Inc. *	26,700		1,064,262
Cubic Corp.	2,200		92,774
II-VI, Inc. *	10,800		372,924
L-3 Communications Holdings, Inc.	8,000		817,120
Rogers Corp. *	4,300		177,117
Synopsys, Inc. *	5,200		140,816
Teleflex, Inc.	5,600		436,352
Tyco Electronics, Ltd.	16,975		601,424
Zebra Technologies Corp., Class A *	4,100		149,609
			4,916,018
Energy - 0.06%
Energen Corp.	10,700		611,184
Sempra Energy	5,300		308,036
			919,220
Financial Services - 3.09%
American Capital Strategies, Ltd. (a)	7,200		307,656
Citigroup, Inc.	229,100		10,692,097
Countrywide Financial Corp.	54,100		1,028,441
Discover Financial Services	18,050		375,440
Eaton Vance Corp.	11,400		455,544
Federal Home Loan Mortgage Corp.	45,400		2,679,054
Federal National Mortgage Association	341,500		20,766,615
Franklin Resources, Inc.	13,600		1,734,000
Goldman Sachs Group, Inc.	22,800		4,941,672

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Knight Capital Group, Inc. *	12,700	$	151,892
MCG Capital Corp. (a)	12,100		174,119
MoneyGram International, Inc.	23,700		535,383
Morgan Stanley	51,400		3,238,200
Raymond James Financial, Inc.	5,450		179,033
SEI Investments Company	74,000		2,018,720
State Street Corp.	7,084		482,845
Student Loan Corp.	1,100		198,352
The First Marblehead Corp. (a)	14,800		561,364
World Acceptance Corp. * (a)	11,500		380,420
			50,900,847
Food & Beverages - 2.45%
Campbell Soup Company	10,500		388,500
Chiquita Brands International, Inc. * (a)	24,800		392,584
ConAgra Foods, Inc.	116,700		3,049,371
Corn Products International, Inc.	9,700		444,939
General Mills, Inc.	26,100		1,514,061
H.J. Heinz Company	31,000		1,432,200
Hormel Foods Corp.	32,900		1,177,162
J.M. Smucker Company	13,200		705,144
Kraft Foods, Inc., Class A	191,076		6,594,033
McCormick & Company, Inc.	32,800		1,179,816
Pepsi Bottling Group, Inc.	41,300		1,535,121
Performance Food Group Company *	29,700		894,861
Pilgrim's Pride Corp. (a)	8,500		295,205
Ralcorp Holdings, Inc. *	14,600		814,972
Sanderson Farms, Inc.	3,300		137,511
Sara Lee Corp.	30,000		500,700
Sysco Corp.	165,200		5,879,468
The Coca-Cola Company	183,200		10,528,504
Tyson Foods, Inc., Class A	162,700		2,904,195
			40,368,347
Forest Products - 0.11%
Weyerhaeuser Company	26,100		1,887,030
Funeral Services - 0.01%
Stewart Enterprises, Inc., Class A	21,300		162,306
Furniture & Fixtures - 0.20%
American Woodmark Corp. (a)	21,800		540,422
Ethan Allen Interiors, Inc. (a)	24,800		810,712
Furniture Brands International, Inc. (a)	41,200		417,768
Hooker Furniture Corp.	7,400		148,148
Kimball International, Inc., Class B	4,300		48,934
La-Z-Boy, Inc. (a)	19,400		143,172
Leggett & Platt, Inc.	59,300		1,136,188
			3,245,344
Gas & Pipeline Utilities - 0.02%
NiSource, Inc.	18,500		354,090
Healthcare Products - 3.87%
Bausch & Lomb, Inc.	5,100		326,400
Baxter International, Inc.	85,500		4,811,940

The accompanying notes are an integral part of the financial statements. 

443

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PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Becton, Dickinson & Company	38,000	$	3,117,900
C.R. Bard, Inc.	12,800		1,128,832
CONMED Corp. *	13,400		375,066
Covidien, Ltd.	17,575		729,362
IDEXX Laboratories, Inc. *	7,700		843,843
Johnson & Johnson	474,500		31,174,650
Kinetic Concepts, Inc. *	2,900		163,212
Patterson Companies, Inc. *	48,100		1,857,141
Respironics, Inc. *	3,600		172,908
St. Jude Medical, Inc. *	3,300		145,431
Stryker Corp.	127,900		8,794,404
USANA Health Sciences, Inc. * (a)	10,800		472,500
Zimmer Holdings, Inc. *	120,100		9,726,899
			63,840,488
Healthcare Services - 4.20%
AMERIGROUP Corp. *	22,000		758,560
Apria Healthcare Group, Inc. *	36,400		946,764
Cardinal Health, Inc.	213,200		13,331,396
Coventry Health Care, Inc. *	14,700		914,487
Express Scripts, Inc. *	231,000		12,894,420
Health Net, Inc. *	19,400		1,048,570
Kindred Healthcare, Inc. *	19,200		343,872
Lincare Holdings, Inc. *	48,500		1,777,525
McKesson Corp.	255,300		15,009,087
Medco Health Solutions, Inc. *	18,100		1,636,059
Pediatrix Medical Group, Inc. *	6,000		392,520
Quest Diagnostics, Inc.	125,000		7,221,250
UnitedHealth Group, Inc.	269,000		13,027,670
			69,302,180
Homebuilders - 0.33%
Centex Corp.	24,300		645,651
D.R. Horton, Inc.	64,600		827,526
KB Home (a)	25,400		636,524
Lennar Corp., Class A (a)	27,400		620,610
M.D.C. Holdings, Inc.	12,500		511,750
M/I Homes, Inc. (a)	29,400		408,366
Pulte Homes, Inc.	50,200		683,222
Toll Brothers, Inc. *	51,600		1,031,484
			5,365,133
Hotels & Restaurants - 1.87%
Applebee's International, Inc.	55,800		1,388,304
Brinker International, Inc.	57,350		1,573,684
CBRL Group, Inc.	23,800		971,040
CEC Entertainment, Inc. *	13,700		368,119
Jack in the Box, Inc. *	25,200		1,633,968
Marriott International, Inc., Class A	58,800		2,556,036
McDonald's Corp.	246,300		13,415,961
Papa John's International, Inc. *	14,400		351,936
Starbucks Corp. *	181,000		4,742,200
Yum! Brands, Inc.	115,100		3,893,833
			30,895,081

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Appliances - 0.01%
The Toro Company	2,600	$	152,958
Household Products - 0.45%
Blyth, Inc.	32,000		654,400
Church & Dwight, Inc.	14,500		682,080
Energizer Holdings, Inc. *	29,000		3,214,650
Newell Rubbermaid, Inc.	5,700		164,274
Select Comfort Corp. * (a)	28,750		401,063
Tempur-Pedic International, Inc.	32,600		1,165,450
The Clorox Company	11,600		707,484
Tupperware Brands Corp.	13,000		409,370
			7,398,771
Industrial Machinery - 0.83%
AGCO Corp. *	28,400		1,441,868
Cascade Corp.	4,500		293,265
Caterpillar, Inc.	11,000		862,730
Crane Company	3,300		158,301
Cummins, Inc.	10,300		1,317,267
Deere & Company	15,400		2,285,668
Ingersoll-Rand Company, Ltd., Class A	35,000		1,906,450
ITT Corp.	13,900		944,227
Lincoln Electric Holdings, Inc.	11,500		892,515
Middleby Corp. *	3,400		219,436
NACCO Industries, Inc., Class A	2,200		227,656
Pall Corp.	18,300		711,870
Tennant Company	5,200		253,240
W.W. Grainger, Inc.	24,500		2,234,155
			13,748,648
Industrials - 0.00%
Lawson Products, Inc.	1,400		48,734
Insurance - 5.87%
ACE, Ltd.	17,200		1,041,804
Aetna, Inc.	62,500		3,391,875
AFLAC, Inc.	224,200		12,788,368
Allstate Corp.	249,700		14,280,343
Ambac Financial Group, Inc.	61,500		3,868,965
American Financial Group, Inc.	17,050		486,266
American International Group, Inc.	28,800		1,948,320
Aon Corp.	31,300		1,402,553
Brown & Brown, Inc.	57,000		1,499,100
Chubb Corp.	20,800		1,115,712
CIGNA Corp.	86,000		4,582,940
Cincinnati Financial Corp.	7,600		329,156
CNA Financial Corp.	9,600		377,472
Commerce Group, Inc.	32,900		969,563
Erie Indemnity Company, Class A	5,800		354,554
First American Corp.	30,300		1,109,586
Harleysville Group, Inc.	3,500		111,930
Hartford Financial Services Group, Inc.	19,500		1,804,725
Horace Mann Educators Corp.	8,100		159,651
LandAmerica Financial Group, Inc.	15,900		619,782
Lincoln National Corp.	12,085		797,247

The accompanying notes are an integral part of the financial statements. 

444

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Markel Corp. *	2,000	$	968,000
MBIA, Inc.	34,200		2,087,910
MetLife, Inc.	41,100		2,865,903
MGIC Investment Corp. (a)	44,000		1,421,640
National Western Life Insurance Company,
Class A *	800		204,768
Nationwide Financial Services, Inc., Class A	18,000		968,760
Odyssey Re Holdings Corp. (a)	9,200		341,412
Old Republic International Corp.	96,025		1,799,509
Philadelphia Consolidated Holding Corp. *	12,900		533,286
PMI Group, Inc.	66,300		2,168,010
Presidential Life Corp.	9,000		152,640
Progressive Corp.	228,500		4,435,185
Protective Life Corp.	25,600		1,086,464
Prudential Financial, Inc.	32,100		3,132,318
Radian Group, Inc. (a)	25,400		591,312
Reinsurance Group of America, Inc.	11,700		663,273
SAFECO Corp.	33,500		2,050,870
Stancorp Financial Group, Inc.	22,400		1,109,024
Stewart Information Services Corp.	10,700		366,689
The Travelers Companies, Inc.	139,800		7,037,532
Torchmark Corp.	81,100		5,054,152
Transatlantic Holdings, Inc.	8,400		590,772
Triad Guaranty, Inc. * (a)	10,500		199,185
Universal American Financial Corp. *	2,100		47,901
UnumProvident Corp.	104,100		2,547,327
W.R. Berkley Corp.	46,800		1,386,684
			96,850,438
International Oil - 10.66%
Anadarko Petroleum Corp.	88,500		4,756,875
Chevron Corp.	468,200		43,814,156
ConocoPhillips	163,600		14,359,172
Exxon Mobil Corp.	1,216,800		112,627,008
Hess Corp.	2,500		166,325
			175,723,536
Internet Retail - 0.12%
eBay, Inc. *	26,300		1,026,226
Expedia, Inc. *	14,800		471,824
IAC/InterActiveCorp. *	16,600		492,522
			1,990,572
Internet Software - 0.11%
McAfee, Inc. *	19,800		690,426
VeriSign, Inc. *	31,500		1,062,810
			1,753,236
Leisure Time - 0.25%
Carnival Corp. (a)	55,100		2,668,493
MGM MIRAGE *	8,100		724,464
Polaris Industries, Inc. (a)	17,900		780,798
			4,173,755

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Life Sciences - 0.15%
PerkinElmer, Inc.	5,700	$	166,497
Waters Corp. *	33,200		2,221,744
			2,388,241
Liquor - 0.69%
Anheuser-Busch Companies, Inc.	228,200		11,407,718
Manufacturing - 2.41%
Acuity Brands, Inc.	15,800		797,584
AptarGroup, Inc.	9,700		367,339
Carlisle Companies, Inc.	6,300		306,180
Danaher Corp.	118,600		9,809,406
Eaton Corp.	16,100		1,594,544
Harley-Davidson, Inc.	208,600		9,639,406
Honeywell International, Inc.	73,000		4,341,310
Illinois Tool Works, Inc.	151,200		9,017,568
Mettler-Toledo International, Inc. *	12,300		1,254,600
SPX Corp.	5,100		472,056
Tyco International, Ltd.	47,475		2,105,041
			39,705,034
Medical-Hospitals - 0.11%
Lifepoint Hospitals, Inc. *	3,900		117,039
Manor Care, Inc.	14,800		953,120
Universal Health Services, Inc., Class B	14,700		799,974
			1,870,133
Metal & Metal Products - 0.30%
Commercial Metals Company	13,700		433,605
Metal Management, Inc.	9,600		520,320
Mueller Industries, Inc.	18,300		661,362
Precision Castparts Corp.	13,900		2,056,922
Quanex Corp.	8,400		394,632
Reliance Steel & Aluminum Company	8,000		452,320
Southern Copper Corp. (a)	3,900		482,937
			5,002,098
Mining - 0.03%
Cleveland-Cliffs, Inc. (a)	5,800		510,226
Mobile Homes - 0.12%
Thor Industries, Inc. (a)	45,700		2,056,043
Newspapers - 0.01%
Lee Enterprises, Inc.	9,500		147,915
Office Furnishings & Supplies - 0.07%
Herman Miller, Inc.	13,300		360,962
IKON Office Solutions, Inc.	11,200		143,920
OfficeMax, Inc.	8,400		287,868
United Stationers, Inc. *	5,200		288,704
			1,081,454
Paper - 0.02%
Temple-Inland, Inc.	7,400		389,462
Petroleum Services - 0.27%
Tesoro Corp.	33,100		1,523,262
Tidewater, Inc.	4,300		270,212

The accompanying notes are an integral part of the financial statements. 

445

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services (continued)
Valero Energy Corp.	39,900	$	2,680,482
			4,473,956
Pharmaceuticals - 9.06%
Abbott Laboratories	8,300		445,046
AmerisourceBergen Corp.	213,200		9,664,356
Barr Pharmaceuticals, Inc. *	4,000		227,640
Bristol-Myers Squibb Company	61,300		1,766,666
Forest Laboratories, Inc. *	353,800		13,193,202
King Pharmaceuticals, Inc. *	76,000		890,720
Medicis Pharmaceutical Corp., Class A (a)	3,500		106,785
Merck & Company, Inc.	1,464,100		75,679,329
Pfizer, Inc.	1,634,100		39,921,063
Schering-Plough Corp.	222,700		7,044,001
Watson Pharmaceuticals, Inc. *	16,200		524,880
			149,463,688
Plastics - 0.01%
Spartech Corp.	6,100		104,066
Publishing - 0.70%
Consolidated Graphics, Inc. *	2,700		169,533
Gannett Company, Inc.	187,800		8,206,860
McGraw-Hill Companies, Inc.	29,000		1,476,390
Scholastic Corp. *	9,300		324,198
Tribune Company	41,100		1,122,852
Valassis Communications, Inc. * (a)	22,100		197,132
			11,496,965
Railroads & Equipment - 0.03%
CSX Corp.	6,700		286,291
Union Pacific Corp.	1,300		146,978
			433,269
Real Estate - 0.16%
Annaly Capital Management, Inc., REIT	47,800		761,454
Anthracite Capital, Inc., REIT (a)	17,300		157,430
Anworth Mortgage Asset Corp., REIT	21,200		114,268
Entertainment Properties Trust, REIT	2,500		127,000
Impac Mortgage Holdings, Inc., REIT (a)	44,300		68,222
iStar Financial, Inc., REIT	17,200		584,628
New Century Financial Corp., REIT (a)	13,300		1,330
Newcastle Investment Corp., REIT (a)	11,700		206,154
Redwood Trust, Inc., REIT (a)	18,000		597,960
Thornburg Mortgage, Inc., REIT (a)	6,000		77,100
			2,695,546
Retail Grocery - 0.78%
Ingles Markets, Inc.	6,000		171,960
Nash Finch Company (a)	11,100		442,113
Ruddick Corp.	6,200		207,948
Safeway, Inc.	161,200		5,337,332
SUPERVALU, Inc.	29,779		1,161,679
The Kroger Company	193,100		5,507,212
			12,828,244

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade - 11.18%
Abercrombie & Fitch Company, Class A	39,200	$	3,163,440
Advance Auto Parts, Inc.	7,300		244,988
Aeropostale, Inc. *	21,600		411,696
American Eagle Outfitters, Inc.	102,000		2,683,620
Bed Bath & Beyond, Inc. *	190,700		6,506,684
Best Buy Company, Inc.	12,200		561,444
Big Lots, Inc. *	4,500		134,280
Chico's FAS, Inc. *	12,000		168,600
Costco Wholesale Corp.	2,500		153,425
Dollar Tree Stores, Inc. *	53,500		2,168,890
Family Dollar Stores, Inc.	59,600		1,582,976
First Cash Financial Services, Inc. *	14,600		341,932
Foot Locker, Inc.	18,000		275,940
Fossil, Inc. *	53,400		1,995,024
Gap, Inc.	37,600		693,344
Home Depot, Inc.	1,109,000		35,975,960
J.C. Penney Company, Inc.	5,400		342,198
Kohl's Corp. *	241,700		13,856,661
Limited Brands, Inc.	6,300		144,207
Lowe's Companies, Inc.	1,030,500		28,874,610
NBTY, Inc. *	10,200		414,120
Nordstrom, Inc.	29,600		1,387,944
Pacific Sunwear of California, Inc. *	6,800		100,640
PetSmart, Inc.	13,100		417,890
RadioShack Corp.	32,800		677,648
Regis Corp.	13,100		418,021
Rent-A-Center, Inc. *	13,600		246,568
Rite Aid Corp. * (a)	128,200		592,284
Ross Stores, Inc.	5,100		130,764
Sonic Automotive, Inc.	6,800		162,792
Staples, Inc.	217,100		4,665,479
Talbots, Inc.	3,000		54,000
Target Corp.	198,900		12,644,073
The Buckle, Inc.	7,900		299,726
The Men's Wearhouse, Inc.	6,400		323,328
The TJX Companies, Inc.	54,300		1,578,501
Tiffany & Company	16,800		879,480
Walgreen Company	97,300		4,596,452
Wal-Mart Stores, Inc.	1,243,100		54,261,315
Zale Corp. *	11,900		275,366
			184,406,310
Sanitary Services - 0.08%
Ecolab, Inc.	28,000		1,321,600
Semiconductors - 0.89%
Analog Devices, Inc.	22,600		817,216
Intel Corp.	347,600		8,988,936
KLA-Tencor Corp.	19,900		1,110,022
National Semiconductor Corp.	17,000		461,040
Novellus Systems, Inc. *	52,800		1,439,328
Semtech Corp. *	9,100		186,368

The accompanying notes are an integral part of the financial statements. 

446

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Varian Semiconductor Equipment
Associates, Inc. *	11,800	$	631,536
Xilinx, Inc.	42,900		1,121,406
			14,755,852
Software - 2.75%
Adobe Systems, Inc. *	17,600		768,416
BMC Software, Inc. *	21,600		674,568
Citrix Systems, Inc. *	25,800		1,040,256
Compuware Corp. *	60,700		486,814
Intuit, Inc. *	60,200		1,824,060
Manhattan Associates, Inc. *	6,300		172,683
Microsoft Corp.	1,154,700		34,017,462
Oracle Corp. *	264,600		5,728,590
Sybase, Inc. *	29,600		684,648
			45,397,497
Steel - 0.05%
Nucor Corp.	10,300		612,541
Ryerson, Inc.	4,200		141,708
			754,249
Telecommunications Equipment &
Services - 0.73%
ADTRAN, Inc.	14,900		343,147
Avaya, Inc. *	11,000		186,560
Plantronics, Inc.	5,500		157,025
Polycom, Inc. *	25,900		695,674
Premiere Global Services, Inc. *	12,800		161,920
QUALCOMM, Inc.	36,300		1,534,038
Verizon Communications, Inc.	202,200		8,953,416
			12,031,780
Telephone - 1.51%
AT&T, Inc.	553,105		23,401,873
CenturyTel, Inc.	34,000		1,571,480
			24,973,353
Tires & Rubber - 0.13%
Goodyear Tire & Rubber Company *	70,700		2,149,987
Tobacco - 0.34%
Altria Group, Inc.	25,000		1,738,250
Schweitzer Mauduit International, Inc.	6,500		151,450
Universal Corp.	8,900		435,655
UST, Inc.	67,100		3,328,160
			5,653,515
Toys, Amusements & Sporting Goods - 0.25%
Hasbro, Inc.	38,600		1,076,168
Mattel, Inc.	130,900		3,070,914
			4,147,082
Transportation - 0.36%
C.H. Robinson Worldwide, Inc.	47,500		2,578,775
Expeditors International of Washington, Inc.	51,400		2,431,220
Overseas Shipholding Group, Inc.	10,500		806,715

U.S. Multi Sector Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Transportation (continued)
Saia, Inc. *		9,000	$	148,770
				5,965,480
Trucking & Freight - 0.87%
Arkansas Best Corp. (a)		25,900		845,894
FedEx Corp.		114,400		11,983,400
Forward Air Corp.		4,300		128,054
J.B. Hunt Transport Services, Inc.		27,100		712,730
Ryder Systems, Inc.		9,100		445,900
YRC Worldwide, Inc. *		8,300		226,756
				14,342,734
TOTAL COMMON STOCKS (Cost $1,435,710,205)			$	1,505,984,128
SHORT TERM INVESTMENTS - 1.82%
John Hancock Cash Investment Trust (c)	$	30,017,445	$	30,017,445
TOTAL SHORT TERM INVESTMENTS
(Cost $30,017,445)			$	30,017,445
REPURCHASE AGREEMENTS - 7.99%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$131,797,015 on 10/01/2007,
collateralized by $130,635,000
Federal Home Loan Bank, 5.25%
due 10/14/2011 (valued at
$134,390,756, including interest)	$	131,752,000	$	131,752,000
TOTAL REPURCHASE AGREEMENTS
(Cost $131,752,000)			$	131,752,000
Total Investments (U.S. Multi Sector Trust)
(Cost $1,597,479,650) - 101.13%			$	1,667,753,573
Liabilities in Excess of Other Assets - (1.13)%				(18,589,943)
TOTAL NET ASSETS - 100.00%			$	1,649,163,630
Utilities Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 90.07%
Broadcasting - 1.18%
Citadel Broadcasting Corp.		95,870	$	398,819
Grupo Televisa SA, SADR *		72,880		1,761,510
News Corp., Class A		41,470		911,925
				3,072,254
Cable & Television - 4.03%
Comcast Corp., Special Class A *		185,975		4,455,961
Rogers Communications, Inc., Class B		43,900		1,995,475
Time Warner Cable, Inc. *		122,500		4,018,000
				10,469,436

The accompanying notes are an integral part of the financial statements. 

447

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Utilities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cellular Communications - 6.06%
America Movil SA de CV, Series L, ADR	50,860	$	3,255,040
Cellcom Israel, Ltd. (a)	172,630		4,198,362
Hutchison Telecommunications
International, Ltd. *	616,000		856,299
Mobile Telesystems, SADR	35,600		2,467,436
MTN Group, Ltd.	86,600		1,314,809
Partner Communications Company, Ltd., ADR	62,500		1,035,000
Tim Participacoes SA	64,700		2,624,232
			15,751,178
Crude Petroleum & Natural Gas - 1.40%
EOG Resources, Inc.	1,900		137,427
Ultra Petroleum Corp. *	39,800		2,469,192
Venoco, Inc. *	26,880		460,992
XTO Energy, Inc.	9,300		575,112
			3,642,723
Electrical Utilities - 37.18%
AES Tiete SA	55,451,200		1,924,802
Allegheny Energy, Inc. *	7,300		381,498
Ameren Corp.	17,300		908,250
American Electric Power Company, Inc.	136,300		6,280,704
British Energy Group PLC	119,770		1,305,083
CEZ AS	67,600		4,162,097
CMS Energy Corp.	288,900		4,859,298
Consolidated Edison, Inc. (a)	27,000		1,250,100
Constellation Energy Group	55,501		4,761,431
Dominion Resources, Inc.	19,900		1,677,570
DPL, Inc.	122,300		3,211,598
DTE Energy Company (a)	55,200		2,673,888
Dynegy, Inc., Class A *	173,500		1,603,140
E.ON AG	31,400		5,788,607
Edison International	70,760		3,923,642
Electricite de France	1,300		137,054
Enersis SA, SADR (a)	143,670		2,548,706
Entergy Corp.	14,100		1,526,889
Exelon Corp.	13,420		1,011,331
FirstEnergy Corp.	26,200		1,659,508
FPL Group, Inc.	82,030		4,993,986
Iberdrola SA	51,920		3,041,377
Integrys Energy Group, Inc.	21,100		1,080,953
International Power PLC	381,220		3,506,996
Mirant Corp. *	51,100		2,078,748
Northeast Utilities	40,900		1,168,513
Pepco Holdings, Inc.	119,400		3,233,352
PG&E Corp.	100,600		4,808,680
Portland General Electric Company	28,300		786,740
Public Service Enterprise Group, Inc.	81,900		7,206,381
Red Electrica De Espana	76,000		3,927,864
Scottish & Southern Energy PLC	97,700		3,009,549
The AES Corp. *	222,260		4,454,091
Xcel Energy, Inc.	83,500		1,798,590
			96,691,016

Utilities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy - 7.97%
Covanta Holding Corp. *	60,810	$	1,490,453
Energen Corp.	4,100		234,192
MDU Resources Group, Inc.	143,500		3,995,040
NRG Energy, Inc. *	255,680		10,812,707
Sempra Energy	72,300		4,202,076
			20,734,468
Gas & Pipeline Utilities - 10.10%
AGL Resources, Inc.	9,810		388,672
El Paso Corp.	166,300		2,822,111
Enagas	168,961		4,367,357
Equitable Resources, Inc.	143,800		7,458,906
OAO Gazprom, SADR	29,600		1,305,360
Questar Corp.	56,220		2,953,237
Williams Companies, Inc.	204,611		6,969,051
			26,264,694
International Oil - 1.76%
Noble Corp.	30,020		1,472,481
Talisman Energy, Inc.	102,800		2,015,443
Total SA	13,300		1,078,245
			4,566,169
Petroleum Services - 0.92%
Halliburton Company	62,500		2,400,000
Pollution Control - 0.22%
Suez SA	9,700		569,587
Sanitary Services - 0.81%
Veolia Environnement SA	24,643		2,115,909
Telecommunications Equipment &
Services - 12.69%
American Tower Corp., Class A *	29,200		1,271,368
Citizens Communications Company	36,200		518,384
Embarq Corp.	70,200		3,903,120
Iliad SA	10,462		966,718
Koninklijke (Royal) KPN NV	128,800		2,228,665
NTELOS Holdings Corp.	30,300		892,638
Orascom Telecom Holding SAE	26,400		1,726,560
Philippine Long Distance Telephone Company	16,000		1,030,089
Philippine Long
Distance Telephone Company, SADR (a)	20,500		1,318,970
Singapore Telecommunications, Ltd.	599,200		1,622,842
Tele Norte Leste Participacoes SA	10,100		335,146
Telecom Argentina SA, ADR, B Shares * (a)	79,800		1,959,090
Telefonica SA	149,600		4,175,325
Telekom Austria AG	5,200		135,668
Telenor ASA	224,400		4,477,801
TeliaSonera AB	31,700		285,750
Telus Corp. - Non Voting Shares	57,470		3,230,758
Vodafone Group PLC	809,300		2,912,035
			32,990,927
Telephone - 5.75%
AT&T, Inc.	183,700		7,772,347

The accompanying notes are an integral part of the financial statements. 

448

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Utilities Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telephone (continued)
Qwest Communications International, Inc. *		476,000	$	4,360,160
Telecom Egypt		20,594		62,694
Windstream Corp.		195,968		2,767,068
				14,962,269
TOTAL COMMON STOCKS (Cost $196,190,638)			$	234,230,630
PREFERRED STOCKS - 6.53%
Cable & Television - 0.40%
NET Servicos de Comunicacao SA *		63,900		1,045,067
Electrical Utilities - 3.57%
Eletropaulo Metropolitana de Sao Paulo SA		43,330,000		2,876,094
Entergy Corp. *		95,680		6,396,208
				9,272,302
Energy - 1.86%
NRG Energy, Inc. *		11,500		4,250,688
PNM Resources, Inc. * (a)		13,300		591,185
				4,841,873
Gas & Pipeline Utilities - 0.70%
El Paso Corp. *		1,280		1,806,560
TOTAL PREFERRED STOCKS (Cost $13,069,444)			$	16,965,802
CORPORATE BONDS - 0.42%
Electrical Utilities - 0.00%
Northwestern Corp.
8.75% due 03/15/2012 ^ (a)		0		0
Energy - 0.10%
Covanta Holding Corp.
1.00% due 02/01/2027		258,000		262,515
Telecommunications Equipment &
Services - 0.32%
Level 3 Communications, Inc.
3.50% due 06/15/2012		770,000		833,525
TOTAL CORPORATE BONDS (Cost $1,214,687)			$	1,096,040
CONVERTIBLE BONDS - 0.28%
Coal - 0.28%
Peabody Energy Corp.
4.75% due 12/15/2066		680,000		714,000
TOTAL CONVERTIBLE BONDS (Cost $731,455)			$	714,000
SHORT TERM INVESTMENTS - 4.70%
American Express Credit Corp.
5.20% due 10/01/2007	$	4,747,000	$	4,747,000
John Hancock Cash Investment Trust (c)		7,482,944		7,482,944
TOTAL SHORT TERM INVESTMENTS
(Cost $12,229,944)			$	12,229,944
Total Investments (Utilities Trust)
(Cost $223,436,168) - 102.00%			$	265,236,416
Liabilities in Excess of Other Assets - (2.00)%				(5,194,036)
TOTAL NET ASSETS - 100.00%			$	260,042,380

Value & Restructuring Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.69%
Aerospace - 2.77%
Empresa Brasileira de Aeronautica SA, ADR (a)	120,495	$	5,292,141
United Technologies Corp.	78,663		6,330,798
			11,622,939
Air Travel - 1.91%
Copa Holdings SA, Class A	104,375		4,180,219
Gol-Linhas Aereas Inteligentes SA (a)	159,403		3,825,672
			8,005,891
Auto Services - 0.68%
RSC Holdings, Inc. *	173,345		2,842,858
Broadcasting - 0.94%
CBS Corp., Class B	125,583		3,955,864
Building Materials & Construction - 0.48%
Eagle Materials, Inc.	56,822		2,030,818
Cable & Television - 0.90%
EchoStar Communications Corp., Class A *	80,892		3,786,555
Cellular Communications - 3.44%
America Movil SA de CV, Series L, ADR	225,506		14,432,384
Chemicals - 3.91%
Celanese Corp., Series A	176,409		6,876,423
Lanxess AG	83,099		3,932,036
PPG Industries, Inc.	66,232		5,003,828
Tronox, Inc., Class A (a)	63,332		588,987
			16,401,274
Coal - 3.95%
Alpha Natural Resources, Inc. *	167,005		3,879,526
CONSOL Energy, Inc.	210,516		9,810,046
Foundation Coal Holdings, Inc.	64,452		2,526,518
International Coal Group, Inc. * (a)	81,534		362,011
			16,578,101
Commercial Services - 1.26%
AerCap Holdings NV *	137,742		3,428,398
Horsehead Holding Corp. *	82,500		1,849,650
			5,278,048
Computers & Business Equipment - 1.22%
International Business Machines Corp.	43,492		5,123,358
Cosmetics & Toiletries - 1.05%
Avon Products, Inc.	117,302		4,402,344
Crude Petroleum & Natural Gas - 4.57%
Devon Energy Corp.	114,174		9,499,277
Noble Energy, Inc.	97,274		6,813,071
Pinnacle Gas Resources, Inc. *	26,600		124,488
W&T Offshore, Inc.	112,379		2,739,800
			19,176,636
Electrical Utilities - 0.49%
Enel SpA	181,801		2,052,368
Electronics - 1.24%
Harman International Industries, Inc.	45,397		3,927,749

The accompanying notes are an integral part of the financial statements. 

449

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Value & Restructuring Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics (continued)
Tyco Electronics, Ltd.	35,361	$	1,252,840
			5,180,589
Energy - 0.36%
Rosetta Resources, Inc. *	82,837		1,519,231
Financial Services - 12.67%
Capital One Financial Corp.	66,160		4,395,009
CIT Group, Inc.	94,172		3,785,714
Citigroup, Inc.	122,184		5,702,327
Discover Financial Services	46,122		959,338
Federal Home Loan Mortgage Corp.	60,706		3,582,261
Invesco PLC, SADR	189,949		5,185,608
JP Morgan Chase & Company	110,598		5,067,600
Lehman Brothers Holdings, Inc.	91,723		5,662,061
MCG Capital Corp.	152,159		2,189,568
Morgan Stanley	104,744		6,598,872
People's United Financial, Inc.	115,230		1,991,174
PNC Financial Services Group, Inc.	65,741		4,476,962
Washington Mutual, Inc.	100,263		3,540,287
			53,136,781
Food & Beverages - 1.19%
ConAgra Foods, Inc.	56,520		1,476,868
Dean Foods Company *	116,535		2,980,965
Vintage Wine Trust, Inc.	82,385		535,502
			4,993,335
Furniture & Fixtures - 0.66%
Leggett & Platt, Inc.	145,496		2,787,703
Gas & Pipeline Utilities - 1.73%
El Paso Corp.	288,593		4,897,423
Spectra Energy Corp.	96,642		2,365,796
			7,263,219
Healthcare Products - 1.55%
Baxter International, Inc.	89,189		5,019,557
Covidien, Ltd.	35,361		1,467,481
			6,487,038
Holdings Companies/Conglomerates - 1.44%
Loews Corp.	125,102		6,048,682
Homebuilders - 1.00%
Centex Corp.	158,284		4,205,606
Household Appliances - 2.36%
Black & Decker Corp.	118,572		9,877,048
Household Products - 0.91%
Newell Rubbermaid, Inc.	132,661		3,823,290
Industrial Machinery - 1.62%
AGCO Corp. *	133,920		6,799,118
Industrials - 0.29%
Aecom Technology Corp. *	34,228		1,195,584
Insurance - 5.67%
ACE, Ltd.	130,072		7,878,461
Ambac Financial Group, Inc.	66,640		4,192,322

Value & Restructuring Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Castlepoint Holdings, Ltd.	68,288	$	785,312
Castlepoint Holdings, Ltd. (a)	41,100		472,650
Genworth Financial, Inc., Class A	76,208		2,341,872
MetLife, Inc.	83,889		5,849,580
People's Choice *	109,656		164,484
Primus Guaranty, Ltd. * (a)	199,194		2,095,521
			23,780,202
International Oil - 8.38%
Anadarko Petroleum Corp.	106,632		5,731,470
ConocoPhillips	128,683		11,294,507
Murphy Oil Corp.	71,267		4,980,851
Petroleo Brasileiro SA, ADR	174,114		13,145,607
			35,152,435
Investment Companies - 0.70%
Apollo Investment Corp.	141,292		2,938,874
Manufacturing - 1.24%
Rockwell Automation, Inc.	47,883		3,328,347
Tyco International, Ltd.	42,361		1,878,287
			5,206,634
Metal & Metal Products - 2.77%
Southern Copper Corp. (a)	78,079		9,668,523
Sterlite Industries India, Ltd. *	105,001		1,942,518
			11,611,041
Mining - 2.11%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	50,000		5,244,500
Grupo Mexico SA	502,000		3,604,574
			8,849,074
Paper - 0.47%
Smurfit-Stone Container Corp. *	167,748		1,959,297
Petroleum Services - 3.05%
Hercules Offshore, Inc. * (a)	167,288		4,367,881
PetroHawk Energy Corp. *	196,709		3,229,962
Petroplus Holdings AG *	58,937		5,185,103
			12,782,946
Pharmaceuticals - 1.55%
AmerisourceBergen Corp.	81,477		3,693,352
Bristol-Myers Squibb Company	96,942		2,793,869
			6,487,221
Railroads & Equipment - 2.11%
Union Pacific Corp.	78,440		8,868,426
Real Estate - 1.94%
DiamondRock Hospitality Company, REIT	176,788		3,077,879
FBR Capital Markets Corp., REIT *	40,000		521,204
Host Hotels & Resorts, Inc., REIT	96,861		2,173,561
JHSF Participacoes SA *	297,400		1,579,250
Ventas, Inc., REIT	18,814		778,899
			8,130,793

The accompanying notes are an integral part of the financial statements. 

450

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Value & Restructuring Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade - 3.95%
J.C. Penney Company, Inc.		58,000	$	3,675,460
The TJX Companies, Inc.		142,601		4,145,411
United Rentals, Inc. *		189,904		6,109,212
Zale Corp. *		113,287		2,621,461
				16,551,544
Steel - 1.26%
Schnitzer Steel Industries, Inc.		72,086		5,283,183
Telecommunications Equipment &
Services - 2.08%
DataPath, Inc. *		78,000		390,000
Nokia Oyj, SADR		166,718		6,323,614
Plantronics, Inc.		70,131		2,002,240
				8,715,854
Telephone - 3.25%
Harris Corp.		195,020		11,270,206
Windstream Corp.		168,163		2,374,461
				13,644,667
Tobacco - 1.98%
Loews Corp. - Carolina Group		100,809		8,289,524
Transportation - 0.47%
Arlington Tankers, Ltd. (a)		47,844		1,178,398
Omega Navigation Enterprises, Inc.		39,523		787,693
				1,966,091
Trucking & Freight - 1.12%
Ryder Systems, Inc.		95,749		4,691,701
TOTAL COMMON STOCKS (Cost $344,585,517)			$	413,916,169
PREFERRED STOCKS - 0.25%
Chemicals - 0.25%
Celanese Corp. *		20,383		1,026,793
TOTAL PREFERRED STOCKS (Cost $563,519)			$	1,026,793
SHORT TERM INVESTMENTS - 6.62%
John Hancock Cash Investment Trust (c)	$	27,782,670	$	27,782,670
TOTAL SHORT TERM INVESTMENTS
(Cost $27,782,670)			$	27,782,670
REPURCHASE AGREEMENTS - 1.09%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$4,576,563 on 10/01/2007,
collateralized by $4,490,000
Federal Home Loan Mortgage
Corp., 5.55% due 10/04/2016
(valued at $4,669,600, including
interest)	$	4,575,000	$	4,575,000
TOTAL REPURCHASE AGREEMENTS
(Cost $4,575,000)			$	4,575,000

Total Investments (Value & Restructuring Trust)
(Cost $377,506,706) - 106.65%		$	447,300,632
Liabilities in Excess of Other Assets - (6.65)%			(27,886,302)
TOTAL NET ASSETS - 100.00%		$	419,414,330
Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.53%
Aerospace - 3.61%
Goodrich Corp.	195,290	$	13,324,637
Automobiles - 2.09%
Tata Motors, Ltd., SADR	404,033		7,733,192
Banking - 5.03%
Hudson City Bancorp, Inc.	686,710		10,561,600
Northern Trust Corp.	121,059		8,022,580
			18,584,180
Biotechnology - 2.22%
Affymetrix, Inc. *	322,900		8,191,973
Business Services - 3.94%
Perot Systems Corp., Class A *	344,390		5,823,635
Pitney Bowes, Inc.	192,170		8,728,361
			14,551,996
Chemicals - 2.43%
Valspar Corp.	330,240		8,985,830
Commercial Services - 2.93%
Live Nation, Inc. *	508,303		10,801,439
Computers & Business Equipment - 4.82%
Diebold, Inc.	268,870		12,212,075
Juniper Networks, Inc. *	153,060		5,603,527
			17,815,602
Cosmetics & Toiletries - 5.33%
Estee Lauder Companies, Inc., Class A	215,790		9,162,443
International Flavors & Fragrances, Inc.	199,110		10,524,955
			19,687,398
Crude Petroleum & Natural Gas - 2.28%
Newfield Exploration Company *	174,570		8,407,291
Educational Services - 2.84%
Apollo Group, Inc., Class A *	174,530		10,497,979
Electrical Utilities - 9.04%
American Electric Power Company, Inc.	191,490		8,823,859
Constellation Energy Group	90,139		7,733,025
DPL, Inc.	178,570		4,689,248
Entergy Corp.	34,870		3,776,073
Wisconsin Energy Corp.	185,670		8,360,720
			33,382,925
Electronics - 2.16%
Flextronics International, Ltd. *	712,331		7,963,861
Financial Services - 4.14%
Bear Stearns Companies, Inc.	56,495		6,938,151
Invesco PLC, SADR	305,661		8,344,545
			15,282,696

The accompanying notes are an integral part of the financial statements. 

451

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Food & Beverages - 2.72%
ConAgra Foods, Inc.		384,520	$	10,047,508
Gas & Pipeline Utilities - 2.18%
El Paso Corp.		475,170		8,063,635
Healthcare Products - 5.38%
Beckman Coulter, Inc.		152,530		11,250,613
Owens & Minor, Inc.		226,090		8,611,768
				19,862,381
Healthcare Services - 4.26%
Healthsouth Corp. *		435,244		7,621,123
Omnicare, Inc.		244,280		8,092,996
				15,714,119
Household Products - 4.27%
Fortune Brands, Inc.		88,884		7,243,157
Newell Rubbermaid, Inc.		296,440		8,543,401
				15,786,558
Industrial Machinery - 1.46%
Cameron International Corp. *		58,610		5,409,117
Insurance - 10.43%
ACE, Ltd.		153,970		9,325,963
Allied World Assurance Holdings, Ltd.		219,034		11,370,055
Aspen Insurance Holdings, Ltd.		303,690		8,475,988
Marsh & McLennan Companies, Inc.		366,611		9,348,580
				38,520,586
International Oil - 2.13%
Hess Corp.		118,180		7,862,515
Investment Companies - 1.84%
Market Vectors Gold Miners ETF *		149,900		6,797,965
Manufacturing - 2.22%
Pentair, Inc.		246,860		8,190,815
Office Furnishings & Supplies - 2.17%
Office Depot, Inc. *		388,460		8,010,045
Paper - 2.08%
Domtar Corp. *		936,500		7,679,300
Retail Trade - 2.11%
Rite Aid Corp. *		1,688,510		7,800,916
Telecommunications Equipment &
Services - 0.94%
Embarq Corp.		62,340		3,466,104
Travel Services - 1.48%
Orbitz Worldwide, Inc. *		482,866		5,451,557
TOTAL COMMON STOCKS (Cost $325,121,421)			$	363,874,120
SHORT TERM INVESTMENTS - 1.68%
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2007	$	6,190,000	$	6,190,000
TOTAL SHORT TERM INVESTMENTS
(Cost $6,190,000)			$	6,190,000

Total Investments (Value Trust)
(Cost $331,311,421) - 100.21%		$	370,064,120
Liabilities in Excess of Other Assets - (0.21)%			(769,047)
TOTAL NET ASSETS - 100.00%		$	369,295,073
Vista Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.18%
Aerospace - 4.61%
Alliant Techsystems, Inc. *	6,800	$	743,240
BE Aerospace, Inc. *	150,463		6,248,728
			6,991,968
Agriculture - 2.92%
Monsanto Company	40,200		3,446,748
The Mosaic Company *	18,500		990,120
			4,436,868
Apparel & Textiles - 2.88%
Crocs, Inc. * (a)	18,000		1,210,500
Guess?, Inc.	64,300		3,152,629
			4,363,129
Biotechnology - 1.50%
Immucor, Inc. *	20,600		736,450
Invitrogen Corp. *	8,700		711,051
Myriad Genetics, Inc. *	15,800		823,970
			2,271,471
Broadcasting - 2.12%
Liberty Global, Inc., Class A *	78,400		3,215,968
Building Materials & Construction - 2.47%
Foster Wheeler, Ltd. *	28,522		3,744,368
Cellular Communications - 7.16%
Crown Castle International Corp. *	17,600		715,088
Leap Wireless International, Inc. *	18,386		1,496,069
Millicom International Cellular SA *	9,300		780,270
NII Holdings, Inc. *	95,800		7,869,970
			10,861,397
Chemicals - 0.53%
Terra Industries, Inc. *	25,700		803,382
Computers & Business Equipment - 5.10%
Apple, Inc. *	19,000		2,917,260
Blue Coat Systems, Inc. *	9,200		724,592
Foundry Networks, Inc. *	56,900		1,011,113
Juniper Networks, Inc. *	84,400		3,089,884
			7,742,849
Construction & Mining Equipment - 1.08%
National Oilwell Varco, Inc. *	11,300		1,632,850
Containers & Glass - 2.25%
Owens-Illinois, Inc. *	82,300		3,411,335
Drugs & Health Care - 0.36%
BioMarin Pharmaceutical, Inc. *	22,000		547,800
Educational Services - 1.46%
Apollo Group, Inc., Class A *	18,400		1,106,760

The accompanying notes are an integral part of the financial statements. 

452

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Vista Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Educational Services (continued)
Strayer Education, Inc.	6,600	$	1,112,958
			2,219,718
Electrical Equipment - 0.53%
Vestas Wind Systems AS *	10,200		803,663
Electrical Utilities - 3.83%
Allegheny Energy, Inc. *	13,200		689,832
Quanta Services, Inc. *	132,408		3,502,192
Reliant Energy, Inc. *	63,400		1,623,040
			5,815,064
Electronics - 4.23%
Itron, Inc. *	9,300		865,551
Thermo Fisher Scientific, Inc. *	96,200		5,552,664
			6,418,215
Energy - 2.62%
First Solar, Inc. *	14,900		1,754,326
McDermott International, Inc. *	20,500		1,108,640
SunPower Corp., Class A. * (a)	13,400		1,109,788
			3,972,754
Financial Services - 2.52%
Ameriprise Financial, Inc.	11,900		751,009
GFI Group, Inc. *	13,600		1,171,232
Janus Capital Group, Inc.	25,400		718,312
MasterCard, Inc., Class A	8,000		1,183,760
			3,824,313
Healthcare Services - 4.90%
Express Scripts, Inc. *	73,200		4,086,024
Medco Health Solutions, Inc. *	37,100		3,353,469
			7,439,493
Household Products - 0.55%
Tempur-Pedic International, Inc.	23,500		840,125
Industrial Machinery - 7.86%
AGCO Corp. *	73,500		3,731,595
Cameron International Corp. *	10,500		969,045
Dresser-Rand Group, Inc. *	98,800		4,219,748
Flowserve Corp.	18,900		1,439,802
Terex Corp. *	8,400		747,768
The Manitowoc Company, Inc.	18,600		823,608
			11,931,566
Internet Retail - 0.53%
Amazon.com, Inc. *	8,700		810,405
Internet Service Provider - 0.94%
Cogent Communications Group, Inc. *	29,600		690,864
Equinix, Inc. *	8,300		736,127
			1,426,991
Leisure Time - 3.83%
Bally Technologies, Inc. *	48,100		1,704,183
Las Vegas Sands Corp. *	24,800		3,308,816
WMS Industries, Inc. *	23,934		792,215
			5,805,214

Vista Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Life Sciences - 0.48%
PerkinElmer, Inc.	24,700	$	721,487
Manufacturing - 0.97%
General Cable Corp. *	21,900		1,469,928
Metal & Metal Products - 5.91%
Haynes International, Inc. *	8,100		691,497
Precision Castparts Corp.	55,900		8,272,082
			8,963,579
Petroleum Services - 1.44%
Acergy SA	29,600		876,411
Core Laboratories N.V. *	10,223		1,302,308
			2,178,719
Pharmaceuticals - 3.77%
Celgene Corp. *	16,700		1,190,877
Onyx Pharmaceuticals, Inc. *	35,600		1,549,312
Shire PLC	121,700		2,979,724
			5,719,913
Retail Trade - 3.68%
GameStop Corp., Class A *	85,900		4,840,465
Tiffany & Company	14,100		738,135
			5,578,600
Semiconductors - 6.28%
Intersil Corp., Class A	31,100		1,039,673
MEMC Electronic Materials, Inc. *	2,280		134,201
Microsemi Corp. *	40,547		1,130,450
NVIDIA Corp. *	92,850		3,364,884
OmniVision Technologies, Inc. * (a)	70,300		1,597,919
ON Semiconductor Corp. *	88,100		1,106,536
Semtech Corp. *	56,200		1,150,976
			9,524,639
Software - 0.71%
Activision, Inc. *	21,912		473,080
Riverbed Technology, Inc. *	15,000		605,850
			1,078,930
Telecommunications Equipment &
Services - 4.26%
Ciena Corp. *	28,360		1,079,949
CommScope, Inc. *	22,500		1,130,400
SBA Communications Corp. *	120,358		4,246,230
			6,456,579
Tires & Rubber - 0.56%
Goodyear Tire & Rubber Company *	28,100		854,521
Toys, Amusements & Sporting Goods - 3.74%
Nintendo Company, Ltd.	10,900		5,668,986
Transportation - 0.60%
DryShips, Inc. (a)	10,000		908,500
TOTAL COMMON STOCKS (Cost $109,807,090)		$	150,455,287

The accompanying notes are an integral part of the financial statements. 

453

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

Vista Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 2.82%
John Hancock Cash Investment Trust (c)	$	4,268,579	$	4,268,579
TOTAL SHORT TERM INVESTMENTS
(Cost $4,268,579)			$	4,268,579
REPURCHASE AGREEMENTS - 0.97%
Repurchase Agreement with State
Street Corp. dated 09/28/2007 at
4.10% to be repurchased at
$1,476,504 on 10/01/2007,
collateralized by $1,480,000
Federal Home Loan Mortgage
Corp., 5.45% due 09/02/2011
(valued at $1,509,600, including
interest)	$	1,476,000	$	1,476,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,476,000)			$	1,476,000
Total Investments (Vista Trust)
(Cost $115,551,669) - 102.97%			$	156,199,866
Liabilities in Excess of Other Assets - (2.97)%				(4,498,886)
TOTAL NET ASSETS - 100.00%			$	151,700,980

Footnotes

Percentages are stated as a percent of net assets.

Key to Currency Abbreviations
ARS	- Argentine Peso
AUD	- Australian Dollar
BRL	- Brazilian Real
CAD	- Canadian Dollar
CHF	- Swiss Franc
COP	- Colombian Peso
CZK	- Czech Koruna
DKK	- Danish Krone
EUR	- European Currency
FIM	- Finnish Markka
FRF	- French Franc
DEM	- German Deutsche Mark
GBP	- British Pound
GRD	- Greek Drachma
HKD	- Hong Kong Dollar
HUF	- Hungarian Forint
IDR	- Indonesian Rupiah
ILS	- Israeli Shekel
INR	- Indian Rupee
ITL	- Italian Lira
IEP	- Irish Punt
JPY	- Japanese Yen
KRW	- South Korean Won
MXN	- Mexican Peso
MYR	- Malaysian Ringgit
NLG	- Netherlands Guilder
NZD	- New Zealand Dollar
NOK	- Norwegian Krone
PHP	- Philippines Peso
PLN	- Polish Zloty
SEK	- Swedish Krona
SGD	- Singapore Dollar
THB	- Thai Baht
TRY	- Turkish Lira
TWD	- Taiwan Dollar
USD	- US Dollar
ZAR	- South African Rand
Key to Security Abbreviations and Legend
ADR	- American Depositary Receipts
ADS	- American Depositary Shares
BKNT	- Bank Note
CDO	- Collateralized Debt Obligation
ESOP	- Employee Stock Ownership Program
EMTN	- European Medium Term Note
ETF	- Exchange Traded Fund
EWCO	- European Written Call Option
GDR	- Global Depositary Receipts
GMTN	- Global Medium Term Note
GTD	- Guaranteed
IO	- Interest Only (Carries notional principal amount)
MTN	- Medium Term Note
NIM	- Net Interest Margin
NVDR	- Non Voting Depositary Receipts
OTC	- Over The Counter
PCL	- Public Company Limited
PIK	- Paid In Kind
PO	- Principal Only
REIT	- Real Estate Investment Trust
REMIC	- Real Estate Mortgage Investment Conduit
SBI	- Shares Beneficial Interest
SADR	- Sponsored American Depositary Receipts
SPDR	- Standard & Poor's Depositary Receipts

The accompanying notes are an integral part of the financial statements. 

454

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2007 (Unaudited) - continued
(showing percentage of total net assets)

^	Non-Income Producing, issuer is in bankruptcy and is in default of
	interest payments
*	Non-Income Producing
(a)	All or a portion of this security was out on loan
(b)	Floating Rate Note
(c)	Investment is an affiliate of the Trust's advisor or subadvisor
(d)	Principal amount of security is adjusted for inflation.
(e)	Security Fair Valued on September 30, 2007
(f)	All or a portion of this Term Loan is unfunded.
(g)	A portion of this security was purchased on a forward commitment.
**	Purchased on a forward commitment
***	At September 30, 2007, all or a portion of this security was pledged to
	cover forward commitments purchased and securities sold short.
****	At September 30, 2007, all or a portion of this security was pledged to
	cover margin requirements for open futures contracts.

The accompanying notes are an integral part of the financial statements. 

455

Notes to the Schedule of Investments(Unaudited)

1. SecurityValuation The net asset value of the shares of each Portfolio is determined daily as of the close of the New York Stock Exchange(“NYSE”),normally at 4:00 P.M., Eastern Time. Investments in underlying funds of the JHT AmericanPortfolios,FranklinTempletonFoundingAllocation and Index Allocation are valued at their respective net asset values each business day and securities in the underlying funds are valued in accordance with their respectivevaluationpolicies, as outlined in the underlying funds’ financialstatements. Short-term debt investments that have a remainingmaturity of 60 days or less are valued at amortized cost, and thereafter assume a constantamortization to maturity of any discount or premium, which approximates market value. Investments in John Hancock Cash Investment Trust (“JHCIT”), an affiliate of the John HancockAdvisers, LLC (“JHA”), a wholly owned subsidiary of John HancockFinancialServices, Inc., a subsidiary of MFC, are valued at their net asset value each business day. Swaps are generally valued at an evaluated bid as reported by an independent pricing service. All other securities held by the Portfolios and by the underlyingaffiliated funds are valued at the last sale price or official closing price (closing bid price or last evaluated quote if no sale has occurred) as of the close of business on the principalsecuritiesexchange(domestic or foreign) on which they trade or, lacking any sales, at the closing bid price. Securities sold short are valued at the closing asking price.Securities traded only in the over-the-counter market are valued at the last bid price quoted by brokers making markets in the securities at the close of trading.Securities for which there are no such quotations,principally debt securities, are valued based on the valuationprovided by an independent pricing service, which utilizes both dealer-supplied and electronic data processingtechniques, which take into account factors such as institutional -size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data.

Other assets and securities for which no such quotations are readily available are valued at fair value as determined in good faith under consistently applied proceduresestablished by and under the general supervision of the Board of Trustees.Generally, trading in non-U.S. securities is substantiallycompleted each day at various times prior to the close of trading on the NYSE. The values of such securities used in computing the net asset value of a Portfolio’s shares are generallydetermined as of such times. Occasionally,significant events that affect the values of such securities may occur between the times at which such values are generallydetermined and the close of the NYSE. Upon such an occurrence, these securities will be valued at fair value as determined in good faith under consistently applied proceduresestablished by and under the general supervision of the Board of Trustees.

In September 2006, FinancialAccountingStandards Board (“FASB”)Standard No. 157, Fair Value Measurements (“FAS 157”), was issued and is effective for fiscal years beginning after November 15, 2007. FAS 157 defines fair value, establishing a framework for

measuring fair value and expandsdisclosure about fair value measurements.Management is currentlyevaluating the application of FAS 157 to the Portfolios and its impact, if any, resulting from the adoption of FAS 157 on the Portfolios’financialstatements.

RepurchaseAgreements Each Portfolio may enter into repurchaseagreements. When a Portfolio enters into a repurchaseagreementthrough its custodian, it receivesdelivery of securities, the amount of which at the time of purchase and each subsequentbusiness day is required to be maintained at such a level that the market value is generally at least 102% of the repurchaseamount. Each Portfolio will take constructive receipt of all securitiesunderlying the repurchaseagreements it has entered into until such agreements expire. If the seller defaults, a Portfolio would suffer a loss to the extent that proceeds from the sale of underlyingsecurities were less than the repurchaseamount. Each Portfolio may enter into repurchaseagreementsmaturing within seven days with domesticdealers, banks or other financialinstitutionsdeemed to be creditworthy by the Adviser.Collateral for certain tri-party repurchaseagreements is held at the custodian bank in a segregatedaccount for the benefit of the Portfolio and the counterparty.

ForeignCurrencyTransactions The accounting records of the Portfolios are maintained in U.S. dollars. Foreigncurrencyamounts are translated into U.S. dollars on the following basis:

(i) market value of securities, other assets and other liabilities at the current rate of exchange at period end of such currencies against U.S. dollars; and (ii) purchases and sales of securities, income and expenses at the rate of exchange quoted on the respective dates of such transactions.

Net realized gains and losses on foreign currencytransactionsrepresent net gains and losses from sales and maturities of foreign currencycontracts,disposition of foreign currencies, the differencebetween the amount of net investment income accrued and the U.S. dollar amount actuallyreceived, and gains and losses between trade and settlement date on purchases and sales of securities. The effects of changes in foreign currencyexchange rates on investments in securities are included with the net realized and unrealized gain or loss on investmentsecurities.

Certain Portfolios may be subject to capital gains and repatriation taxes imposed by certain countries in which they invest. Such taxes are generally based upon income and/or capital gains earned or repatriated. Taxes are accrued based upon net investmentincome, net realized gains and net unrealizedappreciation.Investing in securities of foreign companies and foreign governmentsinvolves special risks and consideration not typicallyassociated with investing in securities of domesticcompanies and the U. S. Government. These risks include revaluation of currencies and future adversepolitical and economicdevelopments.Moreover,securities of foreign companies and foreign governments and their markets may be less liquid and their prices more volatile than those of the United States.

Certain Portfolios invest in securities of issuers based in countries with emergingmarkets or economies and may, therefore, be subject to greater market risk than funds that invest principally in securities of issuers in more developedcountries.Emergingmarketssecurities may be more volatile and less liquid than securities of issuers in developedcountries and may be subject to substantialcurrencyfluctuations and affected by sudden economic, social and politicaldevelopments in the emerging market country. The securitiesmarkets of emergingcountries may have less governmentregulation and may be subject to less extensiveaccounting and financialreportingrequirements than the securitiesmarkets of more developedcountries.Emerging market countries may have currencycontrols or restrictions which may prevent or delay a Portfolio from taking money out of the country or may impose additional taxes on money removed from the country.

Purchased and WrittenOptions All Portfolios, with the exception of JHT AmericanPortfolios, JHT LifestylePortfolios, Money Market, Money Market B and FranklinTempletonFoundingAllocation, may purchase and sell put and call options on securities(whether or not it holds the securities in its portfolio),securitiesindices,currencies and futures contracts.

When a Portfolio writes a put or call option, an amount equal to the premiumreceived by the Portfolio is recorded as a liability and is subsequently“marked -to-market” to reflect the current market value of the option written. If an option expires or if the Portfolio enters into an offsettingpurchase option, the Portfoliorealizes a gain (or loss if the cost of an offsettingpurchase option exceeds the premiumreceived when the option was written) . If a written call option is exercised, the Portfoliorealizes a gain or loss from the sale of the underlyingsecurity with the proceeds of the sale increased by the premiumoriginallyreceived. If a written put option is exercised, the amount of the premiumoriginallyreceivedreduces the cost of the security that the Portfoliopurchases upon exercise of the option. When a Portfoliopurchases a put or call option, the premium paid by the Portfolio is included in the Portfolio of Investments and subsequently“marked -to-market” to reflect the current market value of the option. If the purchased option expires, the Portfoliorealizes a loss for the cost of the option. If a Portfolio enters into a closing sale transaction, the Portfoliorealizes a gain or loss, depending on whetherproceeds from the closing sale transaction are greater or less than the original cost of the option. If a Portfolioexercises a call option, the cost of the securitiesacquired by exercising the call is increased by the premium paid to buy the call. If a Portfolioexercises a put option, it realizes a gain or loss from the sale of the underlyingsecurity and the proceeds from such sale are decreased by the premiumoriginally paid.

The Portfolios may use options to manageexposure to fluctuations in currency values. Writing puts and buying calls may increase the Portfolio’sexposure to the underlyinginstrument. Buying puts and writing calls may decrease the Portfolio’sexposure to the underlyinginstrument. Losses may arise from changes in the value of the underlyinginstruments, if there is an illiquid secondary market for the contracts or if the counterparties do not perform under the terms of the contract.

The following is a summary of open written options outstanding as of September 30, 2007:

	NUMBER OF CONTRACTS	PREMIUMS RECEIVED
Emerging Growth
Outstanding, beginning of period	0	$0
Options written	(20)	($3,740)
Options closed	0	0
Options expired	0	0
Outstanding, end of period	(20)	($3,740)
Global Bond
Outstanding, beginning of period	672,800,000	$7,108,679
Options written	875,028,084	11,551,233
Options closed	(181,828,084)	(2,803,234)
Options expired	(614,300,000)	(5,156,430)
Outstanding, end of period	751,700,000	$10,700,248
Health Sciences
Outstanding, beginning of period	11,486	$4,105,160
Options written	28,610	9,654,910
Options closed	(27,490)	(8,602,386)
Options expired	(386)	(99,832)
Outstanding, end of period	12,220	$5,057,852
Real Return Bond
Outstanding, beginning of period	116,200,484	$ 764,268
Options written	95,401,410	2,677,509
Options closed	(33,000,410)	(407,465)
Options expired	(83,200,924)	(583,760)
Outstanding, end of period	95,400,560	$ 2,450,552
Strategic Bond
Outstanding, beginning of period	2,940	$2,032,216
Options written	10,516	4,383,005
Options closed	(4,362)	(1,972,762)

Options expired	(6,201)	(2,970,158)
Outstanding, end of period	2,893	$1,472,301
Strategic Income
Outstanding, beginning of period	0	$0
Options written	95,471,133	$689,425
Options closed	(30,615,600)	(157,656)
Options expired	(34,855,533)	(531,769)
Outstanding, end of period	0	$0
Total Return
Outstanding, beginning of period	550,201,235	$6,247,408
Options written	638,906,520	9,174,096
Options closed	(451,101,081)	(5,070,977)
Options expired	(156,104,288)	(2,969,313)
Outstanding, end of period	581,902,386	$7,381,215
U.S. Government Securities
Outstanding, beginning of period	0	$0
Options written	224	$67,599
Options closed	0	0
Options expired	0	0
Outstanding, end of period	224	$67,599
Value & Restructuring
Outstanding, beginning of period	0	$0
Options written	2,450	$825,531
Options closed	(2,060)	(607,138)
Options expired	(210)	(149,218)
Outstanding, end of period	180	$69,175

			Pay/Receive		Exercise	Expiration
Fund	Name of Issuer	Floating Rate Index	Floating Rate	Number of Contracts	Price/Rate	Date	Value
Emerging Growth	CALLS

	Comtech Telecommunications			(20)	4.40%	Oct 2007	$	(8,800)
				(20)			$	(8,800)
Global Bond	CALLS
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	162,500,000	4.90%	Mar 2008	$	(2,114,824)
	7 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	58,500,000	4.90%	Feb 2008		(615,888)
	8 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	64,100,000	4.95%	Mar 2008		(902,002)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	29,100,000	4.95%	Sep 2008		(473,582)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	14,700,000	4.95%	Sep 2008		(239,232)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	13,500,000	4.95%	Sep 2008		(219,703)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	13,100,000	4.95%	Sep 2008		(213,193)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	83,000,000	5.10%	Feb 2008		(1,356,477)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	9,000,000	5.10%	Feb 2008		(147,182)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	35,500,000	5.15%	Dec 2007		(582,278)
	7 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	36,200,000	5.32%	Aug 2009		(1,023,396)
	7 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	18,700,000	5.32%	Aug 2009		(528,660)
	7 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	8,200,000	5.32%	Aug 2009		(231,457)
	30 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	1,200,000	5.38%	Nov 2007		(18,534)
	30 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	29,400,000	5.45%	Nov 2007		(592,319)
	30 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	16,500,000	5.47%	Nov 2007		(359,705)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	137,300,000	5.50%	Aug 2009		(3,878,492)
	ECAL USD VS JPY			14,200,000	5.50%	Feb 2008		(70,276)
	OTC ECAL NZD VS JPY			7,000,000	$97.70	Oct 2007		(21)
				751,700,000			$	(13,567,221)

Health Sciences	CALLS
	ALCON INC	(37)	$150.00	Jan 2008	(22,200.00)
	ALEXION PHARMACEUTICALS INC	(74)	$55.00	Jan 2008	(99,160.00)
	ALLERGAN INC	(63)	$65.00	Jan 2008	(20,160.00)
	AMGEN INC	(163)	$60.00	Jan 2008	(27,710.00)
	AMGEN INC	(126)	$57.50	Jan 2008	(38,430.00)
	AMGEN INC	(125)	$55.00	Jan 2008	(56,875.00)
	AMYLIN PHARMACEUTICALS INC	(180)	$60.00	Jan 2008	(44,460.00)
	AMYLIN PHARMACEUTICALS INC	(188)	$60.00	April 2008	(71,440.00)
	CARDINAL HEALTH INC	(40)	$80.00	Jan 2008	(200.00)
	CELGENE CORP	(188)	$80.00	Jan 2008	(42,300.00)
	CEPHALON INC	(93)	$85.00	Nov 2007	(7,626.00)
	CEPHALON INC	(68)	$80.00	Nov 2007	(10,880.00)
	CEPHALON INC	(37)	$75.00	Nov 2007	(11,100.00)
	CEPHALON INC	(37)	$85.00	Jan 2008	(5,624.00)
	CEPHALON INC	(37)	$75.00	Oct 2007	(5,180.00)
	CERNER CORP	(31)	$70.00	Mar 2008	(5,425.00)
	COMMUNITY HEALTH SYS INC
	NEW	(125)	$40.00	Jan 2008	(5,000.00)
	COVENTRY HEALTH CARE INC	(67)	$65.00	Oct 2007	(2,680.00)
	CVS CAREMARK CORP	(125)	$40.00	Jan 2008	(26,875.00)
	DAVITA INC	(38)	$65.00	Jan 2008	(9,120.00)
	ELAN	(194)	$25.00	Jan 2008	(20,370.00)
	ELAN CORP PLC	(124)	$22.50	Jan 2008	(22,320.00)

ELAN CORP PLC	(94)	$22.50	Oct 2007	(4,230.00)
ELAN CORP PLC	(155)	$20.00	Oct 2007	(25,575.00)
GENENTECH INC	(122)	$80.00	Dec 2007	(34,160.00)
GENENTECH INC	(53)	$80.00	Oct 2007	(4,505.00)
GILEAD SCIENCES INC	(31)	$42.50	Jan 2008	(6,665.00)
GILEAD SCIENCES INC	(94)	$42.50	Nov 2007	(11,750.00)
GILEAD SCIENCES INC	(92)	$40.00	Jan 2008	(29,440.00)
HEALTHEXTRAS INC	(130)	$30.00	Mar 2008	(24,050.00)
HEALTHWAYS INC	(63)	$65.00	Feb 2007	(6,300.00)
HUMANA INC	(125)	$80.00	Jan 2008	(20,625.00)
HUMANA INC	(30)	$75.00	Jan 2008	(9,300.00)
IMCLONE SYS INC	(63)	$55.00	Jan 2008	(3,465.00)
IMCLONE SYS INC	(94)	$50.00	Jan 2008	(11,280.00)
IMMUCOR CORP	(25)	$35.00	Jan 2008	(9,250.00)
INVITROGEN CORP	(48)	$85.00	Jan 2008	(16,320.00)
LILLY ELI + CO	(63)	$60.00	Jan 2008	(11,340.00)
MANOR CARE INC	(100)	$60.00	Jan 2008	(54,000.00)
MCKESSON CORP	(37)	$60.00	Nov 2007	(6,105.00)
MCKESSON CORP	(31)	$65.00	Jan 2008	(2,945.00)
MEDCO HEALTH SOLUTIONS INC	(33)	$70.00	Jan 2008	(4,125.00)
MEDTRONIC INC	(200)	$55.00	Jan 2008	(72,000.00)
MGI PHARMA INC	(63)	$30.00	Jan 2008	(9,450.00)
MONSANTO CO NEW	(94)	$80.00	Jan 2008	(95,880.00)

MONSANTO CO NEW	(94)	$75.00	Jan 2008		(127,840.00)
ONYX PHARMACEUTICALS INC	(16)	$50.00	Jan 2008		(5,120.00)
PDL BIOPHARMA INC	(63)	$30.00	Nov 2007		(1,575.00)
PHARMION CORP	(38)	$45.00	Jan 2008		(23,940.00)
ST JUDE MED INC	(72)	$50.00	Jan 2008		(7,920.00)
STERICYCLE INC	(33)	$50.00	Nov 2007		(24,420.00)
TEVA PHARMACEUTICAL INDS
LTD	(93)	$45.00	Jan 2008		(20,925.00)
THERAVANCE INC	(125)	$30.00	Oct 2007		(7,500.00)
VALEANT PHARMACEUTICALS
INTL	(201)	$20.00	Jan 2008		(1,005.00)
VALEANT PHARMACEUTICALS
INTL	(125)	$15.00	Jan 2008		(16,875.00)
VERTEX	(94)	$40.00	Nov 2007		(18,107.87)
VERTEX PHARMACEUTICALS INC	(25)	$50.00	Jan 2008		(1,375.00)
WELLPOINT INC	(125)	$85.00	Jan 2008		(20,000.00)
WYETH	(92)	$60.00	Jan 2008		(920.00)
WYETH	(63)	$50.00	Oct 2007		(819.00)
WYETH	(125)	$55.00	Jan 2008		(3,125.00)
WYETH	(125)	$50.00	Jan 2008		(11,875.00)
XENOPORT INC	(188)	$45.00	Dec 2007		(95,880.00)
ZIMMER HOLDINGS INC	(37)	$85.00	Jan 2008		(11,470.00)
	(5,734)			$	(1,428,587)
PUTS
ABBOTT LABS	(87)	$55.00	Jan 2008		(30,450.00)
ABBOTT LABS	(46)	$60.00	Jan 2008		(32,200.00)
AETNA INC		$45.00	Jan 2008		(2,795.00)

	(43)
ALCON INC	(31)	$140.00	Jan 2008	(15,190.00)
ALCON INC	(23)	$145.00	Jan 2008	(15,640.00)
ALEXION PHARMACEUTICALS INC	(62)	$50.00	Jan 2008	(8,990.00)
ALEXION PHARMACEUTICALS INC	(53)	$45.00	Jan 2008	(3,975.00)
ALEXION PHARMACEUTICALS INC	(37)	$55.00	Jan 2008	(9,250.00)
ALEXION PHARMACEUTICALS INC	(73)	$65.00	Jan 2008	(44,530.00)
ALEXION PHARMACEUTICALS INC	(13)	$65.00	Jan 2008	(13,650.00)
ALEXION PHARMACEUTICALS INC	(13)	$70.00	Jan 2008	(11,570.00)
ALEXION PHARMACEUTICALS INC	(6)	$65.00	Feb 2008	(4,020.00)
ALEXION PHARMACEUTICALS INC	(43)	$65.00	Nov 2007	(18,920.00)
ALEXION PHARMACEUTICALS INC	(13)	$65.00	Oct 2007	(3,250.00)
ALEXION PHARMACEUTICALS INC	(13)	$65.00	May 2008	(10,530.00)
ALKERMES INC	(40)	$17.50	Jan 2008	(7,200.00)
ALLERGAN INC	(61)	$62.50	Jan 2008	(14,640.00)
ALLERGAN INC	(64)	$65.00	Jan 2008	(21,760.00)
AMERIGROUP CORP	(25)	$35.00	Mar 2008	(12,000.00)
AMGEN INC	(63)	$55.00	Jan 2008	(15,750.00)
AMYLIN PHARMACEUTICALS INC	(33)	$40.00	Jan 2008	(8,580.00)
BARD C R INC	(40)	$85.00	Jan 2008	(8,400.00)
BARR PHARMACEUTICALS INC	(20)	$55.00	Nov 2007	(2,500.00)
BARR PHARMACEUTICALS INC	(13)	$55.00	Feb 2008	(2,730.00)
BAXTER INTL INC	(6)	$60.00	Jan 2008	(2,760.00)
BECKMAN COULTER INC	(19)	$75.00	Feb 2008	(9,690.00)

BIOMARIN PHARMACEUTICAL INC	(51)	$20.00	Jan 2008	(6,120.00)
BIOMARIN PHARMACEUTICAL INC	(63)	$25.00	Jan 2008	(25,200.00)
BRISTOL MYERS SQUIBB CO	(67)	$32.50	Jan 2008	(27,470.00)
CARDINAL HEALTH INC	(22)	$70.00	Jan 2008	(16,610.00)
CARDINAL HEALTH INC	(108)	$75.00	Jan 2008	(132,840.00)
CELGENE CORP	(24)	$60.00	Jan 2008	(3,960.00)
CELGENE CORP	(7)	$55.00	Jan 2008	(630.00)
CELGENE CORP	(7)	$50.00	Jan 2008	(280.00)
CELGENE CORP	(61)	$65.00	Jan 2008	(16,775.00)
CELGENE CORP	(18)	$70.00	Jan 2008	(7,920.00)
CELGENE CORP	(13)	$70.00	Jan 2009	(12,480.00)
CEPHALON INC	(37)	$70.00	Jan 2008	(12,580.00)
CERNER CORP	(31)	$60.00	Mar 2008	(15,810.00)
CHARLES RIV LABORATORIES
INTL	(31)	$60.00	Feb 2008	(15,190.00)
CIGNA CORP	(105)	$60.00	Jan 2008	(74,550.00)
CIGNA CORP	(13)	$50.00	Jan 2009	(4,940.00)
CIGNA CORP	(6)	$50.00	Jan 2008	(990.00)
CIGNA CORP	(13)	$55.00	Apr 2008	(5,850.00)
COMMUNITY HEALTH SYS INC
NEW	(13)	$35.00	Jan 2009	(7,280.00)
COVANCE INC	(34)	$80.00	Jan 2008	(14,280.00)
COVANCE INC	(19)	$80.00	Jan 2008	(15,010.00)
CUBIST PHARMACEUTICALS INC	(80)	$20.00	Jan 2008	(11,600.00)
CVS CAREMARK CORP	(133)	$35.00	Jan 2008	(6,650.00)

CVS/CAREMARK	(100)	$40.00	Jan 2008	(20,000.00)
DAVITA INC	(40)	$55.00	Jan 2008	(2,400.00)
DAVITA INC	(63)	$65.00	Jan 2008	(23,310.00)
DAVITA INC	(94)	$70.00	Apr 2008	(84,600.00)
DENTSPLY INTL INC NEW	(63)	$45.00	Apr 2008	(26,460.00)
ELAN CORP PLC	(34)	$15.00	Jan 2008	(1,530.00)
ELAN CORP PLC	(34)	$17.50	Jan 2008	(3,230.00)
EXPRESS SCRIPTS INC	(31)	$42.50	Jan 2008	(775.00)
EXPRESS SCRIPTS INC	(66)	$47.50	Jan 2008	(2,310.00)
FOREST LABS INC	(63)	$45.00	Jan 2008	(50,400.00)
GEN PROBE INC NEW	(35)	$50.00	Jan 2008	(700.00)
GEN PROBE INC NEW	(20)	$55.00	Jan 2008	(1,300.00)
GENENTECH INC	(31)	$80.00	Jan 2008	(14,570.00)
GENENTECH INC	(38)	$80.00	Dec 2007	(14,820.00)
GENZYME CORP	(31)	$70.00	Jan 2008	(27,590.00)
GILEAD SCIENCES INC	(70)	$17.50	Jan 2008	(3,850.00)
GILEAD SCIENCES INC	(31)	$42.50	Jan 2008	(9,610.00)
GILEAD SCIENCES INC	(28)	$32.50	Jan 2008	(840.00)
GILEAD SCIENCES INC	(62)	$37.50	Jan 2008	(7,254.00)
GILEAD SCIENCES INC	(13)	$42.50	Jan 2008	(6,760.00)
HEALTH NET INC	(19)	$60.00	Jan 2008	(12,350.00)
HEALTHEXTRAS INC	(31)	$30.00	Mar 2008	(10,230.00)
HEALTHWAYS	(33)	$50.00	Nov 2007	(4,290.00)

HEALTHWAYS INC	(49)	$60.00	Feb 2008	(36,750.00)
HUMANA	(33)	$65.00	Jan 2008	(8,415.00)
HUMANA INC	(72)	$60.00	Jan 2008	(10,368.00)
HUMANA INC	(25)	$70.00	Jan 2008	(11,750.00)
HUMANA INC	(63)	$70.00	Jan 2009	(52,290.00)
IDEXX LABS INC	(18)	$120.00	Jan 2009	(23,400.00)
ILLUMINA INC	(74)	$40.00	Jan 2008	(7,030.00)
ILLUMINA INC	(67)	$45.00	Dec 2007	(11,390.00)
IMCLONE SYS INC	(42)	$30.00	Jan 2008	(1,260.00)
IMCLONE SYS INC	(2)	$45.00	Jan 2008	(1,120.00)
IMCLONE SYS INC	(67)	$40.00	Jan 2008	(19,430.00)
IMCLONE SYS INC	(25)	$40.00	Jan 2009	(15,000.00)
IMMUCOR CORP	(25)	$30.00	Jan 2008	(2,000.00)
INTERMUNE INC	(169)	$25.00	Jan 2009	(226,460.00)
INVITROGEN CORP	(33)	$70.00	Jan 2008	(2,970.00)
INVITROGEN CORP	(38)	$75.00	Jan 2008	(6,840.00)
INVITROGEN CORP	(31)	$85.00	May 2008	(22,940.00)
INVITROGEN CORP	(31)	$85.00	Jan 2008	(17,670.00)
JOHNSON + JOHNSON	(7)	$60.00	Jan 2008	(350.00)
LABORATORY CORP AMER
HLDGS	(32)	$80.00	Jan 2008	(13,440.00)
LABORATORY CORP AMER
HLDGS	(13)	$70.00	Jan 2008	(1,040.00)
LABORATORY CORP AMER
HLDGS	(40)	$75.00	Jan 2008	(8,400.00)
LABORATORY CORP AMER
HLDGS	(13)	$85.00	Jan 2008	(9,750.00)

LABRATORY	(13)	$85.00	Feb 2008	(9,880.00)
MANOR CARE INC	(41)	$60.00	Jan 2008	(3,690.00)
MANOR CARE INC NEW	(10)	$65.00	Jan 2008	(1,600.00)
MATRIA HEALTHCARE INC	(38)	$30.00	Mar 2008	(19,000.00)
MCKESSON CORP	(14)	$55.00	Jan 2008	(2,030.00)
MCKESSON CORP	(25)	$60.00	Jan 2008	(9,250.00)
MCKESSON CORP	(38)	$55.00	Nov 2007	(2,850.00)
MCKESSON CORP	(13)	$60.00	Jan 2009	(7,800.00)
MCKESSON CORP	(13)	$57.50	Feb 2008	(3,315.00)
MEDICINES	(80)	$20.00	Jan 2008	(23,200.00)
MEDIMMUNE INC	(49)	$35.00	Jan 2008	(490.00)
MEDIMMUNE INC	(13)	$45.00	Jan 2008	(130.00)
MEDTRONIC INC	(95)	$55.00	Jan 2008	(17,100.00)
MERCK	(124)	$60.00	Jan 2008	(107,880.00)
MERCK + CO INC	(13)	$50.00	Jan 2008	(2,665.00)
MERCK + CO INC	(59)	$55.00	Jan 2008	(25,960.00)
MGI PHARMA INC	(32)	$25.00	Jan 2008	(3,680.00)
MILLIPORE CORP	(8)	$75.00	Jan 2008	(2,400.00)
MONSANTO CO NEW	(43)	$75.00	Jan 2008	(8,815.00)
MONSANTO CO NEW	(12)	$80.00	Jan 2008	(4,284.00)
MONSANTO CO NEW	(63)	$70.00	Jan 2008	(7,245.00)
MONSANTO CO NEW	(44)	$80.00	Jan 2008	(37,400.00)
MONSANTO CO NEW	(63)	$75.00	Apr 2008	(23,940.00)

MONSANTO CO NEW	(42)	$80.00	Apr 2008	(22,680.00)
NEUROCRINE BIOSCIENCES INC	(63)	$15.00	Jan 2008	(33,390.00)
ONYX PHARMACEUTICALS INC	(65)	$35.00	Jan 2008	(10,400.00)
ONYX PHARMACEUTICALS INC	(38)	$30.00	Jan 2009	(24,320.00)
ONYX PHARMACEUTICALS INC	(37)	$35.00	Jan 2009	(32,930.00)
ONYX PHARMACEUTICALS INC	(31)	$40.00	Jan 2008	(10,850.00)
ONYX PHARMACEUTICALS INC	(61)	$45.00	Jan 2009	(86,620.00)
ONYX PHARMACEUTICALS INC	(13)	$50.00	Jan 2008	(11,310.00)
ONYX PHARMACEUTICALS INC	(38)	$50.00	Jan 2008	(66,500.00)
ONYX PHARMACEUTICALS INC	(40)	$50.00	May 2008	(42,800.00)
OSI PHARMACEUTICALS INC	(38)	$30.00	Jan 2009	(14,440.00)
PFIZER INC	(63)	$25.00	Jan 2009	(17,955.00)
PHARMION CORP	(38)	$35.00	Jan 2008	(4,370.00)
PHARMION CORP	(63)	$45.00	Jan 2008	(28,980.00)
PHARMION CORP	(37)	$50.00	Jan 2008	(26,270.00)
SCHEIN HENRY INC	(34)	$50.00	Jan 2008	(850.00)
SCHEIN HENRY INC	(13)	$55.00	Jan 2008	(1,235.00)
SCHERING PLOUGH CORP	(61)	$25.00	Jan 2008	(1,525.00)
SCHERING PLOUGH CORP	(197)	$35.00	Jan 2008	(74,860.00)
SCHERING PLOUGH CORP	(13)	$35.00	Jan 2008	(6,500.00)
SEPRACOR INC	(44)	$30.00	Jan 2008	(17,160.00)
ST JUDE	(62)	$45.00	Jan 2008	(18,600.00)
ST JUDE MED INC	(34)	$40.00	Jan 2008	(4,760.00)

	STRYKER CORP			(70)	$65.00	Jan 2008		(13,300.00)
	STRYKER CORP			(19)	$70.00	Jan 2008		(7,220.00)
	TEVA			(40)	$35.00	Jan 2008		(800.00)
	TEVA			(44)	$45.00	Jan 2008		(9,460.00)
	TEVA PHARMACEUTICAL INDS
	LTD			(13)	$40.00	Jan 2008		(845.00)
	TEVA PHARMACEUTICAL INDS
	LTD			(32)	$45.00	Jan 2009		(13,440.00)
	VARIAN INC			(40)	$45.00	Jan 2008		(17,200.00)
	VERTEX PHARMACEUTICALS INC			(44)	$35.00	Jan 2008		(12,320.00)
	VERTEX PHARMACEUTICALS INC			(13)	$35.00	Jan 2009		(7,280.00)
	WALGREEN CO			(14)	$50.00	Jan 2008		(4,760.00)
	WATERS			(31)	$65.00	Jan 2008		(7,440.00)
	WELLPOINT INC			(12)	$80.00	Jan 2008		(4,200.00)
	WELLPOINT INC			(1)	$90.00	Mar 2008		(1,110.00)
	WYETH			(43)	$55.00	Jan 2008		(46,010.00)
	WYETH			(80)	$50.00	Jan 2009		(64,000.00)
	ZIMMER HOLDINGS INC			(42)	$90.00	Jan 2008		(38,640.00)
	ZIMMER HOLDINGS INC			(25)	$90.00	Jan 2009		(28,250.00)
				(6,486)			$	(2,765,411)
Real Return Bond	CALLS
	5 YEAR INTEREST RATE SWAP			1,000,000	0.70%	Dec 2007		(6,126)
	5 YEAR INTEREST RATE SWAP	3 Month USD-LIBOR	Receive	13,000,000	4.95%	Mar 2008		(182,933)
	5 YEAR INTEREST RATE SWAP	3 Month USD-LIBOR	Receive	3,000,000	4.95%	Sep 2008		(48,823)
	7 YEAR INTEREST RATE SWAP	3 Month USD-LIBOR	Receive	7,000,000	5.37%	Sep 2010		(204,951)

	7 YEAR INTEREST RATE SWAP	3 Month USD-LIBOR	Receive	13,000,000	5.37%	Sep 2010		(380,623)
	30 YEAR INTEREST RATE SWAP	3 Month USD-LIBOR	Receive	3,500,000	5.67%	Aug 2008		(205,450)
	30 YEAR INTEREST RATE SWAP	3 Month USD-LIBOR	Receive	2,800,000	5.67%	Aug 2008		(164,360)
	US TREAS NOTES 10YR FUTURES			256	$111.00	Nov 2007		(96,000)
	US TREAS NOTES 10YR FUTURES			152	$112.00	Nov 2007		(39,881)
	OTC ECAL VS JPY 118.15 BPS			3,300,000	$118.15	Jun 2007	$	(18,246)
				46,600,408			$	(1,347,393)
	PUTS
	5 YEAR INTEREST RATE SWAP			1,000,000	1.00%	Dec 2007		(986)
	2 YEAR INTEREST RATE SWAP	3 Month USD-LIBOR	Receive	18,200,000	5.36%	Mar 2008		(15,885)
	7 YEAR INTEREST RATE SWAP	3 Month USD-LIBOR	Receive	7,000,000	5.37%	Sep 2010		(247,187)
	7 YEAR INTEREST RATE SWAP	3 Month USD-LIBOR	Receive	13,000,000	5.37%	Sep 2010		(459,061)
	30 YEAR INTEREST RATE SWAP	3 Month USD-LIBOR	Receive	2,800,000	5.67%	Aug 2008		(87,845)
	30 YEAR INTEREST RATE SWAP	3 Month USD-LIBOR	Receive	3,500,000	5.67%	Aug 2008		(109,807)
	OTC EUP USD VS JPY BPS			3,300,000	$63.00	Jun 2007		(207,263)
	US TREAS NOTES 10YR FUTURES			152	$107.00	Nov 2007		(28,006)
				48,800,152			$	(1,156,040)
Strategic Bond	CALLS
	EURODOLLAR FUTURES			102	$95.50	Mar 2008		($64,388)
	EURODOLLAR FUTURES			97	$95.13	Dec 2007		(48,500)
	EURODOLLAR FUTURES			83	$95.50	Dec 2007		(14,006)
	EURODOLLAR FUTURES			73	$95.00	Mar 2008		(100,831)

EURODOLLAR FUTURES	20	$95.25	Dec 2007		(7,125)
US TREAS BOND FUTURES	31	$112.00	Oct 2007		(22,281)
US TREAS NOTES 10YR FUTURES	220	$108.00	Nov 2007		(378,125)
US TREAS NOTES 10YR FUTURES	197	$110.00	Nov 2007		(129,281)
US TREAS NOTES 10YR FUTURES	136	$107.00	Nov 2007		(340,000)
US TREAS NOTES 10YR FUTURES	120	$111.00	Nov 2007		(45,000)
US TREAS NOTES 10YR FUTURES	50	$110.00	Oct 2007		(21,094)
US TREAS NOTES 10YR FUTURES	10	$109.00	Nov 2007		(10,781)
	1,139			$	(1,181,412)
PUTS
EURODOLLAR FUTURES	285	$95.00	Dec 2007	$	(80,156)
US TREAS BONDS FUTURES	407	$109.00	Nov 2007		(260,734)
US TREAS BONDS FUTURES	93	$111.00	Nov 2007		(113,344)
US TREAS BONDS FUTURES	79	$108.00	Nov 2007		(11,109)
US TREAS BONDS FUTURES	38	$109.00	Feb 2008		(52,844)
US TREAS BONDS FUTURES	20	$106.00	Nov 2007		(2,812)
US TREAS NOTES 10YR FUTURES	273	$109.00	Nov 2007		(221,813)
US TREAS NOTES 10YR FUTURES	107	$108.00	Feb 2008		(132,078)
US TREAS NOTES 10YR FUTURES	83	$107.00	Nov 2007		(18,156)
US TREAS NOTES 10YR FUTURES	78	$103.00	Nov 2007		(1,219)
US TREAS NOTES 10YR FUTURES	56	$104.00	Nov 2007		(1,750)
US TREAS NOTES 10YR FUTURES	53	$107.00	Feb 2008		(45,547)
US TREAS NOTES 10YR FUTURES	47	$102.00	Nov 2007		(734)

	US TREAS NOTES 10YR FUTURES			29	$105.00	Nov 2007		(1,812)
	US TREAS NOTES 10YR FUTURES			18	$106.00	Nov 2007		(563)
	US TREAS NOTES 5YR FUTURES			68	$106.00	Nov 2007		(20,188)
	US TREAS NOTES 5YR FUTURES			20	$107.00	Nov 2007		(13,750)
				1,754			$	(978,609)
Total Return	CALLS
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	13,000,000	4.90%	Feb 2013		(149,921)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	34,500,000	4.90%	Apr 2013		(448,993)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	46,000,000	4.90%	Apr 2013		(598,658)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	64,400,000	4.95%	Aug 2026	$	(1,048,065)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	86,100,000	4.95%	Aug 1930		(1,041,217)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	95,000,000	4.95%	Apr 2013		(492,513)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	23,600,000	4.95%	Sep 2013		(384,073)
	7 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	72,600,000	5.00%	Aug 2015		(1,398,566)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	27,000,000	5.01%	Oct 2012		241,661
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	54,000,000	5.10%	Feb 2013		(882,527)
	7 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	96,700,000	5.20%	Aug 2015		(2,342,983)
	5 Year Interest Rate Swap	3 Month USD-LIBOR	Receive	29,000,000	5.45%	Feb 2014		(805,516)
	EURODOLLAR FUTURES			159	$95.75	Mar 2008		(65,588)
	US TREAS NOTES 5YR FUTURES			576	$108.00	Nov 2007		(207,000)
	US TREAS NOTES 10YR FUTURES			1,405	$111.00	Nov 2007		(526,875)
				641,902,140			$	(10,150,835)

	PUTS
	U S TREAS NOTES 10YR
	FUTURES	246	$107.00	Nov 2007	$	(53,813)
	LIFFE 90-Day GBP LIBOR	199	$92.50	Sep 2008	$	(2,535)
		199				($2,245,735)
U.S. Government
Securities	Puts
	US TREAS NOTES 10YR FUTURES	224	$218.75	Dec 2007	$	(49,000)
		224			$	(49,000)
Value & Restructuring	CALLS
	AMERICA MOVIL S A DE C V	180	$60.00	Nov 2007	$	(106,200)
		180			$	(106,200)

Securities Lending All Portfolios, with the exception of the Lifestyle Portfolios, may lend securities in amounts up to 331/3% of the Portfolio’s total assets. Such loans are callable at any time and are at all times fully secured by cash, cash equivalents or securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities and marked to market on a daily basis. The Portfolios may bear the risk of delay in recovery of, or even of rights in, the securities loaned should the borrower of the securities fail financially.

The Portfolios enter into an agreement with Morgan Stanley & Co. Incorporated and MS Securities Services Inc. (collectively, “Morgan Stanley”) which permits the Portfolios to lend securities to Morgan Stanley on a principal basis. Morgan Stanley is the primary borrower of securities of the Portfolios. The risk of having one primary borrower of Portfolio securities (as opposed to several borrowers) is that should Morgan Stanley fail financially, all securities lent will be affected by the failure and by any delays in recovery of the securities (or in the rare event, loss of rights in the collateral) .

The Portfolios receive compensation for lending their securities either in the form of fees and/or by retaining a portion of interest on the investment of any cash received as collateral. The Portfolios invest the cash collateral received in connection with securities

lending transactions in the JHCIT, a Delawarecommon law trust and an affiliated fund. JHCIT is exempt from registration under Section 3(c) (7) of the 1940 Act (pursuant to exemptive order issued by the SEC) and is managed by JHA, the Adviser for JHCIT, for which JHA receives an investmentadvisory fee of 0.04% of the average daily net assets of the JHCIT. Effective May 8, 2007, cash collateral is invested in the JHCIT. Prior to May 8, 2007, cash collateral was invested in the State Street NavigatorSecuritiesLending Prime Portfolio.

All collateralreceived will be in an amount equal to at least 100% of the market value of the loaned securities and is intended to be maintained at that level during the period of the loan. The market value of the loaned securities is determined at the close of business of the Portfolios and any additionalrequiredcollateral is delivered to the Portfolios the next business day. During the loan period, the Portfolioscontinue to retain rights of ownership,includingdividends and interest of the loaned securities.

At September 30, 2007, the values of securities loaned and cash collateral were as follows:

	Value of
	Securities	Value of Cash
Portfolio	Loaned	Collateral
500 Index	$18,613,531	$18,985,802
500 Index B	13,487,070	13,756,811
Active Bond	229,578,056	234,169,617
All Cap Core	5,348,877	5,455,854
All Cap Growth	867,560	884,911
All Cap Value	3,834,696	3,911,390
Blue Chip Growth	88,052,161	89,813,204
Capital Appreciation	24,077,117	24,558,659
Dynamic Growth	6,596,454	6,728,383
Emerging Growth	8,911,786	9,090,022
Emerging Small Company	66,863,648	68,200,920
Equity-Income	25,416,698	25,925,032
Financial Services	16,362,241	16,689,486
Fundamental Value	33,977,323	34,656,869
Global	135,276,696	141,878,651
Global Allocation	3,839,782	3,916,578

Global Real Estate	45,854,456	48,021,810
Growth and Income	10,597,723	10,809,677
High Income	3,173,438	3,236,907
High Yield	65,712,681	67,026,934
Income and Value	3,246,614	3,311,546
International Core	528,014,006	554,414,706
International Equity Index A	87,208,434	91,503,235
International Equity Index B	130,486,473	137,010,797
International Opportunities	237,158,302	246,740,237
International Small Cap	4,590,822	4,820,363
International Small Company	52,305,854	54,920,650
International Value	442,535,988	464,082,959
Large Cap	17,767,675	18,123,029
Large Cap Value	13,793,950	14,069,829
Managed	6,192,583	6,316,435
Mid Cap Index	19,685,040	20,078,741
Mid Cap Stock	139,636,367	142,429,094
Mid Cap Value	9,743,169	9,938,032
Mid Cap Value Equity	6,748,992	6,883,972
Mid Value	12,796,353	13,052,280
Natural Resources	94,651,807	96,875,263
Overseas Equity	181,609,412	190,689,883
Quantitative All Cap	20,997,922	21,417,880
Quantitative Mid Cap	1,332,115	1,358,757
Quantitative Value	19,729,838	20,124,435
Real Estate Equity	11,086,470	11,308,199
Real Estate Securities	83,399,584	85,067,576
Science and Technology	14,242,848	14,527,705
Small Cap	25,994,826	26,514,723
Small Cap Growth	37,201,904	37,945,942
Small Cap Index	96,477,264	98,406,809

Small Cap Opportunities	66,482,916	67,812,574
Small Cap Value	59,202,053	60,386,094
Small Company	1,679,990	1,713,590
Small Company Growth	31,504,904	32,135,002
Small Company Value	60,901,294	62,119,320
Special Value	690,250	704,055
Spectrum Income	3,101,691	3,163,725
Strategic Bond	20,501,091	20,911,113
Strategic Income	12,710	12,964
Total Stock Market Index	19,861,961	20,259,200
U.S. Core	3,491,403	3,561,231
U.S. Global Leaders Growth	47,257,066	48,202,207
U.S. High Yield Bond	9,943,129	10,141,991
U.S. Large Cap	12,702,096	12,956,138
U.S. Multi Sector	29,428,868	30,017,445
Utilities	7,336,220	7,482,944
Value & Restructuring	27,237,912	27,782,670
Vista	4,184,881	4,268,579

Floating Rate Notes Issued in Conjunction with Securities Held Certain Portfolios may enter into transactions in which the Portfolios sell a fixed-rate bond to a broker for cash. At the same time the Portfolios buy a residual interest in a trust’s (the “Trust”) assets and cash flows set up by the broker, often referred to as an inverse floating rate obligation(“InverseFloater”) . The broker deposits a fixed-rate bond into the Trust with the same CUSIP number as the fixed-rate bond sold to the broker by the Fund, and which may have been, but is not required to be, the fixed-rate bond purchased from the Portfolio (the “Fixed-Rate Bond”). The Trust also issues floating -rate notes (“Floating -Rate Notes”) which are sold to third parties. The Portfolios may enter into shortfall and forbearanceagreements with the broker by which a Portfolio agrees to reimburse the broker, in certain circumstances, for the differencebetween the liquidation value of the Fixed-Rate Bond held by the Trust and the liquidation value of the Floating -Rate Notes, as well as any shortfalls in interest cash flows. The Inverse Floater held by a Portfolio gives the Fund the right (1) to cause the holders of the Floating -Rate Notes to tender their notes at par and (2) to have the broker transfer the Fixed-Rate Bond held by the Trust to the Portfolio, thereby collapsing the Trust. Pursuant to FinancialAccountingStandardsStatement No. 140 (“FAS 140”), the Portfoliosaccount for the transactiondescribed above as a securedborrowing by including the Fixed-Rate Bond in their Portfolio of

Investments and accounts for the Floating -Rate Notes as a liability under the caption “payable for floating rate notes issued” in the Portfolio’sStatement of Assets and Liabilities. The Floating -Rate Notes have interest rates that generally reset weekly and their holders have the option to tender their notes to the broker for redemption at par at each reset date. Expenses of the trusts, including interest paid to holders of the Floating -Rate Notes, are reflected as interest expense and fees on inverse floaters of the Portfolios and are included in the Statement of Operations. At September 30, 2007, the Portfolio’sinvestments were as follows:

	Floating Rate Notes		Range Of
Portfolio	Outstanding		Interest Rates
Global Bond		230,000	3.49%  -  3.92%
Global Bond		200,000	3.49%  -  3.90%

The Portfolios’investmentpolicies and restrictionsexpressly permit investments in inverse floating rate securities. The Portfolios’investmentpolicies do not allow the Portfolios to borrow money for purposes of making investments. Fund managementbelieves that the Portfolios’restrictions on borrowings do not apply to the securedborrowingsdeemed to have occurred for accountingpurposespursuant to FAS 140, which is distinct from legal borrowing of the Portfolios to which the restrictions apply. Inverse Floaters held by the Portfolio are securities exempt from registration under Rules 144A of the Securities Act of 1933.

Interest Expense Interest expense relates to the Portfolio’sliability with respect to Floating -Rate Notes held by third parties in conjunction with inverse floater securitiestransactions and/or short sale transactions by the Portfolios. Interest expense is recorded as incurred.

Dollar Rolls All Portfolios, with the exception of the LifestylePortfolios, may enter into mortgage dollar rolls in which they sell debt securities for deliverycurrently and simultaneouslycontract to repurchasesimilar, but not identical,securities at the same price or a lower price on an agreed upon date. The Portfolios receive compensation as consideration for entering into the commitment to repurchase. The compensation is the differencebetween the current sale price and the forward price for the future purchase (often referred to as the “drop”) as well as by the interest earned on the cash proceeds of the initial sale. A Portfolio may also be compensated by the receipt of a commitment fee. As the holder, the counterpartyreceives all principal and interest payments,includingprepayments, made with respect to the similar security. Dollar rolls may be renewed with a new sale and repurchase price with a cash settlement made at renewalwithoutphysicaldelivery of the securities subject to the contract.

Certain risks may arise upon entering into mortgage dollar rolls from the potentialinability of counterparties to meet the terms of their commitments.Additionally, the value of such securities may change adversely before the Fund is able to repurchase them. There can be no assurance that the Fund’s use of the cash that it receives from a mortgage dollar roll will provide a return that exceeds its costs.

Collateralized Mortgage Obligations The Portfolios may invest in multiple class pass-through securities, including collateralized mortgage obligations ("CMOs"). These multiple class securities may be issued by GNMA, U.S. Government agencies or instrumentalities or by trusts formed by private originators of, or investors in, mortgage loans. In general, CMOs are debt obligations of a legal entity that are collateralized by, and multiple class pass-through securities represent direct ownership interests in, a pool of residential or commercial mortgage loans or mortgage pass-through securities (the "Mortgage Assets"), the payments on which are used to make payments on the CMOs or multiple pass-through securities. The markets for CMOs may be more illiquid than those of other securities.

Classes of CMOs include interest only ("IOs") and principal only ("POs"). IOs and POs are stripped mortgage-backed securities representing interests in a pool of mortgages the cash flow from which has been separated into interest and principal components. IOs (interest only securities) receive the interest portion of the cash flow while POs (principal only securities) receive the principal portion. IOs and POs can be extremely volatile in response to changes in interest rates. As interest rates rise and fall, the value of IOs tends to move in the same direction as interest rates. POs perform best when prepayments on the underlying mortgages rise since this increases the rate at which the investment is returned and the yield to maturity on the PO. When payments on mortgages underlying a PO are slow, the life of the PO is lengthened and the yield to maturity is reduced.

Short Sales Certain Portfolios may make short sales of securities. This means a Portfolio may sell a security that it does not own in anticipation of a decline in the market value of the security. The Portfoliogenerallyborrows the security to deliver to the buyer in a short sale. The Portfolio must then buy the security at its market price when the borrowedsecurity must be returned to the lender. Short sales involve costs and risk. The Portfolio must pay the lender interest on the security it borrows, and the Portfolio will lose money if the price of the securityincreasesbetween the time of the short sale and the date when the Portfolioreplaces the borrowedsecurity. Certain of the Portfolios may also make short sales “against the box.” In a short sale against the box, at the time of sale, the Portfolio owns or has the right to acquire the identicalsecurity, or one equivalent in kind or amount, at no additional cost.

Until a Portfolio closes its short position or replaces a borrowedsecurity, the Portfolio will (i) segregate with its custodian cash or other liquid assets at such a level that the amount segregated plus the amount deposited with the lender as collateral will equal the current market value of the security sold short or (ii) otherwise cover its short position.Possible losses from short sales may be unlimited,whereas losses from purchases cannot exceed the total amount invested.

Securities sold in short sale transactions and interest and dividendpayable on such securities, if any, are reflected as a liability in the Statement of Assets and Liabilities. Fees incurred to borrow securities for short sales are recorded as interest expense on the Statement of Operations.

Futures All Portfolios, with the exception of LifestylePortfolios, may purchase and sell financial futures contracts and options on those contracts. The Portfolios invest in contracts based on financialinstruments such as U.S. Treasury Bonds or Notes or on securities indices such as the S&P 500 Index, in order to hedge against a decline in the value of securities owned by the Portfolios.

Initial margin depositsrequired upon entering into futures contracts are satisfied by the delivery of specificsecurities or cash as collateral to the broker (the Portfolios’ agent in acquiring the futures position) . If the position is closed out by taking an oppositeposition prior to the settlement date of the futures contract, a final determination of variation margin is made, cash is required to be paid to or released by the broker and the Portfoliorealizes a gain or loss.

When a Portfolio sells a futures contract based on a financialinstrument, the Portfoliobecomesobligated to deliver that kind of instrument at an agreed upon date for a specified price. The Portfoliorealizes a gain or loss depending on whether the price of an offsettingpurchase is less or more than the price of the initial sale or on whether the price of an offsetting sale is more or less than the price of the initial purchase. The Portfolio could be exposed to risks if it could not close out futures positionsbecause of an illiquid secondary market or the inability of counterparties to meet the terms of their contracts. Futures contracts are valued at the quoted daily settlement prices established by the exchange on which they trade.

The following is a summary of open futures contracts at September 30, 2007

					Unrealized
		Number of		Expiration	Appreciation
Portfolio	Open contracts	Contracts	Position	Date	(Depreciation)
500 Index	S&P 500 Index Futures	28	Long	Dec 2007	$289,182
	S&P Mini 500 Index Futures	255	Long	Dec 2007	45,386
					$334,568
500 Index B	S&P 500 Index Futures	61	Long	Dec 2007	$936,034
					$936,034
All Cap Core	Russell 2000 Index Futures	32	Long	Dec 2007	$471,864
	Russell 2000 Mini Index
	Futures	462	Long	Dec 2007	1,344,230
	S&P 500 Index Futures	83	Long	Dec 2007	998,972
					$2,815,066
Global Bond	3-Month Euro Yen Futures	126	Long	Dec 2007	($8,610)
	3-Month Euro Yen Futures	1,033	Long	Mar 2008	111,541
	10-Year German Euro-Bund
	Futures	1,566	Long	Dec 2007	(811,265)
	90-Day LIBOR Futures	96	Long	Mar 2008	(41,588)
	90-Day LIBOR Futures	71	Long	Jun 2008	(10,856)
	90-Day LIBOR Futures	12	Long	Sep 2008	10,091

	90-Day LIBOR Futures	167	Long	Dec 2008	29,382
	90-Day LIBOR Futures	60	Long	Mar 2009	45,870
	90-Day LIBOR Futures	42	Long	Jun 2009	29,968
	Euribor Futures	3	Long	Dec 2007	(1,527)
	Euribor Futures	72	Long	Sep 2008	116,207
	Eurodollar Futures	1,743	Long	Mar 2008	3,414,688
	Eurodollar Futures	200	Long	Jun 2008	204,062
	Eurodollar Futures	602	Long	Sep 2008	1,565,200
	U.S. Treasury 10-Year Note
	Futures	464	Long	Dec 2007	(188,688)
	U.S. Treasury 30-Year Note
	Futures	197	Long	Dec 2007	7,695
	2-Year German Government
	Bond Futures	188	Short	Dec 2007	(5,172)
	5-Year German Government
	Bond Futures	77	Short	Dec 2007	29,805
	10-Year Canada Government
	Bond Futures	45	Short	Dec 2007	(27,656)
	U.K. Treasury Bond Futures	192	Short	Dec 2007	23,281
	U.S. Treasury 2-Year Note
	Futures	1,265	Short	Dec 2007	(48,439)
	U.S. Treasury 5-Year Note
	Futures	2,612	Short	Dec 2007	(1,335,156)
					$3,108,833
Global Allocation	EOE Dutch Stock Index Futures	16	Long	Oct 2007	$74,480
	FTSE 100 Index Futures	51	Long	Dec 2007	275,003
	DAX Index Futures	11	Short	Dec 2007	(50,829)
	Nikkei 225 Index Futures	23	Short	Dec 2007	(223,169)
	S&P/Toronto Stock Exchange
	60 Index Futures	10	Short	Dec 2007	(26,341)
	SPI 200 Index Futures	10	Short	Dec 2007	(68,615)
					($19,471)

International Core	CAC 40 10 Euro Index Futures	30	Long	Oct 2007	$116,776
	DAX Index Futures	270	Long	Dec 2007	3,559,582
	FTSE 100 Index Futures	18	Long	Dec 2007	92,222
	MSCI Singapore Stock Index
	Futures	272	Long	Oct 2007	557,545
	IBEX 35 Index Futures	74	Short	Oct 2007	(952,076)
	S&P/Toronto Stock Exchange
	60 Index Futures	232	Short	Dec 2007	(611,863)
	SPI 200 Index Futures	12	Short	Dec 2007	(82,389)
					$2,679,797
International Equity
Index A	CAC 40 10 Euro Index Futures	11	Long	Dec 2007	$26,875
	DAX Index Futures	2	Long	Dec 2007	29,053
	EOE Dutch Stock Index Futures	2	Long	Oct 2007	8,399
	FTSE 100 Index Futures	15	Long	Dec 2007	72,520
	Hang Seng Stock Index Futures	1	Long	Oct 2007	3,741
	IBEX 35 Index Futures	3	Long	Oct 2007	36,116
	MSCI Taiwan Stock Index
	Futures	5	Long	Oct 2007	5,435
	OMX 30 Stockholm Stock
	Index Futures	15	Long	Oct 2007	5,912
	S&P/Toronto Stock Exchange
	60 Index Futures	3	Long	Dec 2007	9,936
	S&P/MIB 30 Index Futures	2	Long	Dec 2007	14,821
	SPI 200 Index Futures	3	Long	Dec 2007	20,465
	TOPIX Index Futures	12	Long	Dec 2007	111,524
					$344,796
International Equity
Index B	CAC 40 10 Euro Index Futures	6	Long	Dec 2007	$18,967
	DAX Index Futures	2	Long	Dec 2007	29,053
	EOE Dutch Stock Index Futures	3	Long	Oct 2007	12,598

	FTSE 100 Index Futures	12	Long	Dec 2007	58,012
	Hang Seng Stock Index Futures	2	Long	Oct 2007	8,652
	IBEX 35 Index Futures	1	Long	Oct 2007	12,160
	MSCI Taiwan Stock Index
	Futures	39	Long	Oct 2007	42,425
	OMX 30 Stockholm Stock
	Index Futures	15	Long	Oct 2007	5,912
	S&P/Toronto Stock Exchange
	60 Index Futures	2	Long	Dec 2007	6,624
	S&P/MIB 30 Index Futures	1	Long	Dec 2007	7,411
	SPI 200 Index Futures	2	Long	Dec 2007	14,248
	TOPIX Index Futures	12	Long	Dec 2007	110,393
					$326,455
Investment Quality	U.S. Treasury 5-Year Note
Bond	Futures	158	Long	Dec 2007	$44,035
					$44,035
Managed	S&P 500 Index Futures	33	Long	Dec 2007	$278,917
					$278,917
	S&P Mid Cap 400 Index
Mid Cap Index	Futures	190	Long	Dec 2007	$87,400
					$87,400
Real Return Bond	90-Day LIBOR Futures	421	Long	Mar 2008	($135,952)
	90-Day LIBOR Futures	546	Long	Jun 2008	172,979
	90-Day LIBOR Futures	211	Long	Sep 2008	1,478
	90-Day LIBOR Futures	22	Long	Mar 2009	832
	90-Day LIBOR Futures	37	Long	Jun 2009	1,308
	Euribor Futures	352	Long	Dec 2008	284,538
	Euribor Futures	27	Long	Mar 2009	32,772
	Euribor Futures	17	Long	Jun 2009	19,941
	Eurodollar Futures	219	Long	Dec 2007	30,600

	Eurodollar Futures	295	Long	Jun 2008	245,438
	Eurodollar Futures	307	Long	Dec 2008	69,075
	Eurodollar Futures	307	Long	Mar 2009	79,175
	Eurodollar Futures	329	Long	Jun 2009	86,363
	Eurodollar Futures	329	Long	Sep 2009	84,875
	10-Year German Euro-Bund
	Futures	100	Short	Dec 2007	(51,876)
	10-Year Japan Government
	Bond Futures	4	Short	Dec 2007	38,355
	Euribor Futures	67	Short	Sep 2008	19,052
	Eurodollar Futures	66	Short	Mar 2008	(32,588)
	Eurodollar Futures	88	Short	Sep 2008	(101,613)
	U.S. Treasury 5-Year Note
	Futures	323	Short	Dec 2007	210,516
	U.S. Treasury 10-Year Note
	Futures	1,306	Short	Dec 2007	(469,953)
	U.S. Treasury 30-Year Bond
	Futures	1,327	Short	Dec 2007	247,242
					$832,557
Small Cap Index	Russell 2000 Index Futures	27	Long	Dec 2007	$256,385
					$256,385
	U.S. Treasury 5-Year Note
Spectrum Income	Futures	51	Long	Dec 2007	$3,094
	U.S. Treasury 10-Year Note
	Futures	25	Long	Dec 2007	(8,906)
	U.S. Treasury 2-Year Note
	Futures	3	Short	Dec 2007	(2,376)
	U.S. Treasury 10-Year Note
	Futures	15	Short	Dec 2007	2,233
					($5,956)
Strategic Bond	3-Month Eurodollar Futures	486	Long	Dec 2007	$160,120

	3-Month Eurodollar Futures	265	Long	Mar 2008	233,625
	10-Year German Euro-Bund
	Futures	90	Long	Dec 2007	(48,896)
	90-Day LIBOR Futures	117	Long	Mar 2008	194,060
	Canadian Dollar Futures	181	Long	Dec 2007	673,945
	Euro Currency Futures	60	Long	Dec 2007	280,950
	U.S. Treasury 30-Year Bond
	Futures	226	Long	Dec 2007	129,776
	Australian Dollar Futures	22	Short	Dec 2007	(120,340)
	British Pound Futures	25	Short	Dec 2007	(23,875)
	Japanese Yen Futures	5	Short	Dec 2007	(1,431)
	U.S. Treasury 5-Year Note
	Futures	328	Short	Dec 2007	18,532
	U.S. Treasury 10-Year Note
	Futures	209	Short	Dec 2007	(14,482)
					$1,481,984
Total Return
	3-Month Euro Yen Futures	353	Long	Dec 2007	$72,469
	90-Day LIBOR Futures	66	Long	Dec 2007	70,093
	90-Day LIBOR Futures	244	Long	Dec 2008	402,203
	90-Day LIBOR Futures	1,408	Long	Jun 2008	388,184
	90-Day LIBOR Futures	135	Long	Jun 2009	181,396
	90-Day LIBOR Futures	598	Long	Mar 2008	354,496
	90-Day LIBOR Futures	370	Long	Mar 2009	499,403
	90-Day LIBOR Futures	557	Long	Sept 2008	665,084
	Eurodollar Futures	2,299	Long	Mar 2008	1,126,400
	Eurodollar Futures	4,234	Long	Jun 2008	3,669,625
	Eurodollar Futures	1,986	Long	Sept 2008	4,052,188
	Eurodollar Futures	3,860	Long	Dec 2008	5,849,312
	Eurodollar Futures	1,255	Long	Mar 2009	271,187
	Eurodollar Futures	9	Long	Jun 2009	18,450
					$17,620,490

Total Stock Market
Index	Russell 2000 Index Futures	9	Long	Dec 2007	$109,962
	S&P Mid Cap 400 Index
	Futures	1	Long	Dec 2007	13,893
	NASDAQ 100 Index Futures	1	Long	Dec 2007	8,958
	S&P 500 Index Futures	40	Long	Dec 2007	476,294
					$609,107
U.S. Government
Securities	Eurodollar Futures	425	Long	Mar 2008	($92,813)
	U.S. Treasury 2-Year Note
	Futures	44	Long	Dec 2007	46,530
	U.S. Treasury 5-Year Note
	Futures	954	Long	Dec 2007	609,673
	U.S. Treasury 10-Year Note
	Futures	745	Short	Dec 2007	(60,102)
	U.S. Treasury 30-Year Bond
	Futures	1	Short	Dec 2007	(44)
					$503,244
U.S. Core	S&P 500 Index Futures	21	Long	Dec 2007	$114,002
					$114,002
U.S. Multi Sector	S&P 500 Index Futures	294	Long	Dec 2007	$2,429,099
					$2,429,099

Swap Contracts All Portfolios, with the exception of LifestylePortfolios, may enter into various forms of swap arrangement with counterparties with respect to interest rate swaps, currency swaps or credit default swaps as described below. Interest rate swaps involve the exchange of commitments to pay or receive interest of one instrument for that of another instrument (for example, an exchange of floating -rate payments for fixed-rate payments with respect to a notionalprincipalamount) . The Portfolios settle accrued net receivable or payablebalances under the swap contracts on a periodic basis. Net upfront paymentsreceived (paid) by the Portfolios are included as part of unrealizedappreciation/depreciation on the Statement of Operations. Net periodicpaymentsreceived

or paid by the Portfolio are included as part of realized gain or loss on the Statement of Operations. The Portfolios record changes in the value of the swaps as unrealized gains or losses on swap contracts.

Credit default swaps involve the exchange of a fixed-rate premium for protection against the loss in value of an underlying debt instrument in the event of a defined credit event (such as payment default or bankruptcy) . Under the terms of the swap, one party acts as a “guarantor”receiving a periodicpayment that is a fixed percentage applied to a notionalprincipalamount. In return the party agrees to purchase the notional amount of the underlyinginstrument, at par, if a credit event occurs during the term of the swap. Certain Portfolios may enter into credit default swaps in which either it or its counterparty act as guarantors. By acting as the guarantor of a swap, a Portfolioassumes the market and credit risk of the underlyinginstrument,includingliquidity and loss of value.

In a currency swap a Portfolio would agree with the other party to exchange cash flows based on the relative differences in values of a notional amount of two (or more) currencies.

Swap contracts are subject to risks related to the counterparty’s ability to perform under the contract and may decline in value if the counterparty’screditworthinessdeteriorates. The risks may arise from unanticipatedmovement in interest rates. The Portfolio may also suffer losses if it is unable to terminateoutstanding swap contracts or reduce its exposurethroughoffsettingtransactions.The Portfolios had the following interest rate swap contracts open at September 30, 2007:

							Unrealized
		Notional		Payments Made	Payments Received	Termination	Appreciation
Trust	Counterparty	Amount	Currency	by Fund	by Fund	Date	(Depreciation)
Global Bond
				6 Month BBR-
	Deutsche Bank AG	25,900,000	AUD	BBSW	Fixed 6.50%	Jan 2009	($101,676)
				3 Month BBR-
	Citibank N.A.	56,840,000	AUD	BBSW	Fixed 6.50%	Jan 2009	(223,137)
				3 Month BBR-
	Deutsche Bank AG	72,300,000	AUD	BBSW	Fixed 7.00%	Sep 2009	26,572
	Deutsche Bank AG	17,800,000	AUD	6 Month LIBOR	Fixed 6.00%	Jun 2010	(381,804)
				6 Month BBR-
	Deutsche Bank AG	21,200,000	AUD	BBSW	Fixed 7.00%	Jun 2010	(10,774)
				6 Month BBR-
	Citibank N.A.	29,900,000	AUD	BBSW	Fixed 6.00%	Jun 2010	(637,618)

Citibank N.A.	87,800,000	AUD	6 Month LIBOR	Fixed 7.00%	Jun 2010	(38,210)
UBS AG (Union Bank of			6 Month BBR-
Switzerland)	900,000	AUD	BBSW	Fixed 6.00%	Jun 2012	(28,339)
UBS AG (Union Bank of
Switzerland)	11,900,000	AUD	Fixed 6.00%	6 Month LIBOR	Jun 2015	545,965
				6 Month BBR-
Citibank N.A.	17,100,000	AUD	Fixed 6.00%	BBSW	Jun 2015	782,408
				6 Month BBR-
Deutsche Bank AG	500,000	AUD	Fixed 6.00%	BBSW	Jun 2017	25,421
The Royal Bank of Scotland
PLC	4,100,000	CAD	Fixed 5.00%	3 Month CBK	Jun 2015	(66,990)
The Royal Bank of Scotland
PLC	62,700,000	EUR	6 Month LIBOR	Fixed 4.00%	Sep 2009	(896,300)
Barclays Bank PLC	73,000,000	EUR	6 Month LIBOR	Fixed 4.00%	Sep 2009	(1,043,539)
Lehman Brothers Special			6 Month
Financing, Inc.	300,000	EUR	EURIBOR	Fixed 4.00%	Jun 2010	(5,153)
			6 Month
Deutsche Bank AG	1,300,000	EUR	EURIBOR	Fixed 4.00%	Jun 2010	(22,329)
			6 Month
HSBC BANK USA, N.A.	2,100,000	EUR	EURIBOR	Fixed 4.00%	Jun 2010	(36,070)
			6 Month
JP Morgan Chase Bank	3,400,000	EUR	EURIBOR	Fixed 4.00%	Jun 2010	(58,399)
			6 Month
Barclays Bank PLC	5,300,000	EUR	EURIBOR	Fixed 4.00%	Jun 2010	(91,034)
Morgan Stanley Capital
Services, Inc.	9,900,000	EUR	Fixed 3.75%	6 Month EURIBOR	Jun 2011	348,966
Lehman Brothers Special
Financing, Inc.	500,000	EUR	Fixed 4.00%	6 Month EURIBOR	Dec 2011	13,492
Morgan Stanley Capital
Services, Inc.	11,700,000	EUR	Fixed 4.00%	6 Month EURIBOR	Dec 2011	315,703
Lehman Brothers Special
Financing, Inc.	15,300,000	EUR	Fixed 4.00%	6 Month EURIBOR	Dec 2011	412,843
Lehman Brothers Special
Financing, Inc.	1,600,000	EUR	FRCPXTOB	Fixed 1.965%	Mar 2012	(6,835)
Lehman Brothers Special
Financing, Inc.	2,500,000	EUR	FRCPXTOB	Fixed 1.9475%	Mar 2012	(42,166)

Morgan Stanley Capital
Services, Inc.	2,100,000	EUR	FRCPXTOB	Fixed 1.955%	Mar 2012	(15,103)
Barclays Bank PLC	2,100,000	EUR	FRCPXTOB	Fixed 1.95%	Mar 2012	(16,234)
UBS AG (Union Bank of
Switzerland)	28,000,000	EUR	6 Month LIBOR	Fixed 5.00%	Sep 2012	786,809
Merrill Lynch Capital Services	8,600,000	EUR	Fixed 4.00%	6 Month EURIBOR	Dec 2014	436,373
JP Morgan Chase Bank	25,000,000	EUR	Fixed 4.00%	6 Month EURIBOR	Dec 2014	1,268,526
Barclays Bank PLC	26,100,000	EUR	Fixed 4.00%	6 Month EURIBOR	Dec 2014	1,324,341
Morgan Stanley Capital
Services, Inc.	28,740,000	EUR	Fixed 4.00%	6 Month EURIBOR	Dec 2014	1,458,298
The Royal Bank of Scotland			6 Month
PLC	6,400,000	EUR	EURIBOR	Fixed 4.00%	Jun 2017	474,479
Deutsche Bank AG	39,700,000	EUR	Fixed 4.00%	6 Month EURIBOR	Jun 2017	2,943,252
The Royal Bank of Scotland			6 Month
PLC	16,400,000	EUR	EURIBOR	Fixed 6.00%	Jun 2034	1,999,752
			6 Month
HSBC BANK USA, N.A.	22,300,000	EUR	EURIBOR	Fixed 6.00%	Jun 2034	2,719,175
HSBC BANK USA, N.A.	34,500,000	EUR	Fixed 5.00%	6 Month LIBOR	Mar 2038	(974,567)
Deutsche Bank AG	21,500,000	GBP	6 Month LIBOR	Fixed 6.00%	Jun 2009	199,567
Barclays Bank PLC	2,500,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2010	(96,990)
The Royal Bank of Scotland
PLC	4,400,000	GBP	6 Month LIBOR	Fixed 5.15938%	Sep 2010	(170,702)
Morgan Stanley Capital
Services, Inc.	11,200,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2010	(434,039)
Merrill Lynch Capital Services	11,900,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2010	(461,671)
HSBC BANK USA, N.A.	36,100,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2010	(1,400,532)
Barclays Bank PLC	26,600,000	GBP	6 Month LIBOR	Fixed 6.00%	Sep 2012	955,347
Deutsche Bank AG	8,500,000	GBP	6 Month LIBOR	Fixed 5.00%	Mar 2013	(358,860)
Morgan Stanley Capital
Services, Inc.	8,900,000	GBP	6 Month LIBOR	Fixed 5.50%	Mar 2013	4,509
Citibank N.A.	13,400,000	GBP	6 Month LIBOR	Fixed 5.00%	Mar 2013	(565,732)
Deutsche Bank AG	1,300,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2015	(89,708)
Barclays Bank PLC	1,800,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2015	(124,212)
Deutsche Bank AG	4,300,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2015	(296,470)

Citibank N.A.	5,600,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2015	(386,436)
Barclays Bank PLC	7,400,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2015	(510,647)
JP Morgan Chase Bank	10,700,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2015	(738,369)
Goldman Sachs Capital Markets,
L.P.	44,600,000	GBP	Fixed 4.50%	6 Month LIBOR	Sep 2017	738,019
UBS AG (Union Bank of
Switzerland)	6,200,000	GBP	6 Month LIBOR	Fixed 5.00%	Mar 2018	(360,734)
Deutsche Bank AG	12,600,000	GBP	6 Month LIBOR	Fixed 5.00%	Mar 2018	(733,104)
Barclays Bank PLC	5,100,000	GBP	Fixed 5.00%	6 Month LIBOR	Dec 2019	26,647
UBS AG (Union Bank of
Switzerland)	1,100,000	GBP	Fixed 4.00%	6 Month LIBOR	Dec 2035	102,527
UBS AG (Union Bank of
Switzerland)	1,700,000	GBP	Fixed 4.00%	6 Month LIBOR	Dec 2035	158,587
Deutsche Bank AG	7,000,000	GBP	Fixed 4.00%	6 Month LIBOR	Dec 2035	653,007
UBS AG (Union Bank of
Switzerland)	9,600,000	GBP	Fixed 4.00%	6 Month LIBOR	Dec 2035	895,553
UBS AG (Union Bank of
Switzerland)	900,000	GBP	6 Month LIBOR	Fixed 4.25%	Jun 2036	(193,324)
Morgan Stanley Capital
Services, Inc.	1,900,000	GBP	Fixed 4.10%	6 Month LIBOR	Jun 2036	494,707
Morgan Stanley Capital
Services, Inc.	1,400,000	GBP	Fixed 5.50%	6 Month LIBOR	Dec 2036	(236,670)
Deutsche Bank AG	58,600,000	HKD	Fixed 4.235%	3 Month HIBOR	Dec 2008	18,648
Morgan Stanley Capital
Services, Inc.	2,550,000,000	JPY	6 Month LIBOR	Fixed 1.00%	Sep 2008	(1,612)
Goldman Sachs Capital Markets,
L.P.	4,300,000,000	JPY	6 Month LIBOR	Fixed 1.00%	Sep 2008	(1,993)
Goldman Sachs Capital Markets,
L.P.	26,650,000,000	JPY	6 Month LIBOR	Fixed 1.00%	Sep 2008	(12,354)
JP Morgan Chase Bank	3,300,000,000	JPY	Fixed 1.00%	6 Month LIBOR	Mar 2009	(39,185)
Citibank N.A.	11,000,000,000	JPY	Fixed 1.00%	6 Month LIBOR	Mar 2009	(130,617)
Citibank N.A.	38,710,000,000	JPY	6 Month LIBOR	Fixed 1.00%	Mar 2009	(459,652)
Merrill Lynch Capital Services	56,610,000,000	JPY	6 Month LIBOR	Fixed 1.00%	Mar 2009	(672,201)
The Royal Bank of Scotland
PLC	1,200,000,000	JPY	Fixed 1.50%	6 Month LIBOR	Dec 2010	(90,890)
Lehman Brothers Special	1,610,000,000	JPY	Fixed 1.50%	6 Month LIBOR	Mar 2011	(26,700)

Financing, Inc.
Bank of America N.A.	7,500,000,000	JPY	Fixed 1.50%	6 Month LIBOR	Mar 2011	(124,378)
Bank of America N.A.	14,200,000,000	JPY	Fixed 1.50%	6 Month LIBOR	Mar 2011	(235,489)
The Royal Bank of Scotland
PLC	310,000,000	JPY	Fixed 1.30%	6 Month LIBOR	Sep 2011	2,283
UBS AG (Union Bank of
Switzerland)	330,000,000	JPY	Fixed 0.80%	6 Month LIBOR	Mar 2012	71,291
Deutsche Bank AG	670,000,000	JPY	Fixed 2.00%	6 Month LIBOR	Jun 2012	(168,727)
Barclays Bank PLC	1,520,000,000	JPY	6 Month LIBOR	Fixed 1.50%	Jun 2012	80,447
Deutsche Bank AG	1,920,000,000	JPY	6 Month LIBOR	Fixed 1.50%	Jun 2012	101,617
Morgan Stanley Capital
Services, Inc.	2,740,000,000	JPY	6 Month LIBOR	Fixed 1.50%	Jun 2012	145,017
Deutsche Bank AG	325,000,000	JPY	Fixed 2.00%	6 Month LIBOR	Dec 2013	(83,791)
Deutsche Bank AG	8,290,000,000	JPY	Fixed 2.00%	6 Month LIBOR	Dec 2013	(2,137,317)
Credit Suisse International	2,000,000,000	JPY	Fixed 1.98%	6 Month LIBOR	Sep 2016	(319,468)
UBS AG	1,220,000,000	JPY	Fixed 2.00%	6 Month LIBOR	Dec 2016	(183,242)
Deutsche Bank AG	500,000,000	JPY	Fixed 2.50%	6 Month LIBOR	Dec 2027	(99,379)
			28-day Mexico
Morgan Stanley Capital			Interbank TIIE
Services, Inc.	9,000,000	MXN	Banxico	Fixed 8.72%	Sep 2016	19,610
			28-day Mexico
Morgan Stanley Capital			Interbank TIIE
Services, Inc.	16,000,000	MXN	Banxico	Fixed 8.72%	Sep 2016	34,850
			28-day Mexico
Morgan Stanley Capital			Interbank TIIE
Services, Inc.	21,500,000	MXN	Banxico	Fixed 8.90%	Sep 2016	69,495
			28-day Mexico
			Interbank TIIE
Deutsche Bank AG	4,000,000	MXN	Banxico	Fixed 8.84%	Sep 2016	11,504
			28-day Mexico
The Royal Bank of Scotland			Interbank TIIE
PLC	13,000,000	MXN	Banxico	Fixed 8.84%	Sep 2016	37,387

				28-day Mexico
				Interbank TIIE
	Barclays Bank PLC	55,800,000	MXN	Banxico	Fixed 8.17%	Nov 2016	(59,794)
	Morgan Stanley Capital
	Services, Inc.	8,600,000	USD	Fixed 0.288%	CMS 10-02	Dec 2007	343,478
	The Royal Bank of Scotland
	PLC	189,600,000	USD	3 Month LIBOR	Fixed 5.00%	Jun 2009	1,010,322
	The Royal Bank of Scotland
	PLC	238,900,000	USD	3 Month LIBOR	Fixed 5.00%	Jun 2009	1,273,026
	Morgan Stanley Capital
	Services, Inc.	32,700,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2009	259,390
	Deutsche Bank AG	77,400,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2009	613,968
	Morgan Stanley Capital
	Services, Inc.	111,700,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2009	886,049
	Deutsche Bank AG	19,300,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2012	108,553
	Merrill Lynch Capital Services	26,900,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2012	151,299
	Deutsche Bank AG	54,100,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2012	304,286
	Barclays Bank PLC	71,400,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2012	401,589
	Citibank N.A.	17,600,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2014	34,769
	Citibank N.A.	52,000,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2014	102,726
	Merrill Lynch Capital Services	7,700,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2017	123,332
	Deutsche Bank AG	8,800,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2017	140,951
	Deutsche Bank AG	17,700,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2017	283,504
	Deutsche Bank AG	26,300,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2017	421,252
	The Royal Bank of Scotland
	PLC	47,700,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2017	764,020
	The Royal Bank of Scotland
	PLC	400,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2026	20,310
							$11,244,552
Real Return Bond
				6 Month BBR-
	Deutsche Bank AG	16,000,000	AUD	BBSW	Fixed 7.00%	Dec 2009	($2,726)
				6 Month BBR-
	UBS AG	16,100,000	AUD	BBSW	Fixed 7.00%	Dec 2009	(2,743)

			6 Month BBR-
Barclays Capital	2,800,000	AUD	BBSW	Fixed 6.50%	Jan 2010	(21,096)
			6 Month BBR-
UBS AG	4,300,000	AUD	BBSW	Fixed 6.50%	Jan 2010	(36,279)
			6 Month BBR-
Barclays Capital	1,800,000	AUD	BBSW	Fixed 6.50%	Jan 2010	(15,186)
			6 Month BBR-
BNP Paribas	17,000,000	AUD	BBSW	Fixed 6.50%	Jan 2010	(135,758)
			6 Month BBR-
Barclays Capital	60,500,000	AUD	BBSW	Fixed 7.00%	Jun 2010	(26,329)
				6 Month BBR-
JPMorgan	2,000,000	AUD	Fixed 6.75%	BBSW	Dec 2017	(7,572)
				6 Month BBR-
Deutsche Bank AG	2,000,000	AUD	Fixed 6.75%	BBSW	Dec 2017	(7,572)
Citigroup	3,051,268	BRL	CDI	Fixed 10.115%	Jan 2012	(90,269)
Goldman Sachs	16,225,323	BRL	Fixed 10.68%	CDI	Jan 2012	(259,064)
Barclays Capital	17,920,170	BRL	CDI	Fixed 10.575%	Jan 2012	(321,788)
Credit Suisse	100,000	CAD	Fixed 5.50%	3 Month BA-CDOR	Jun 2017	(1,728)
Goldman Sachs	1,800,000	EUR	FRCPXTOB	Fixed 2.1025%	Oct 2010	35,164
BNP Paribas	2,000,000	EUR	FRCPXTOB	Fixed 2.09%	Oct 2010	36,929
UBS AG	2,700,000	EUR	FRCPXTOB	Fixed 2.1455%	Oct 2010	60,998
UBS AG	2,600,000	EUR	FRCPXTOB	Fixed 2.04%	Feb 2011	33,494
UBS AG	4,100,000	EUR	FRCPXTOB	Fixed 2.095%	Oct 2011	58,987
JPMorgan	2,000,000	EUR	FRCPXTOB	Fixed 2.0275%	Oct 2011	16,921
JPMorgan	4,500,000	EUR	FRCPXTOB	Fixed 1.9875%	Dec 2011	(1,727)
Barclays Capital	4,900,000	EUR	FRCPXTOB	Fixed 1.9725%	Dec 2011	(14,596)
Lehman Brothers	1,100,000	EUR	FRCPXTOB	Fixed 1.9475%	Mar 2012	(18,553)
Morgan Stanley	14,800,000	EUR	FRCPXTOB	Fixed 1.995%	Mar 2012	(44,112)
Citibank, N.A.	1,900,000	EUR	FRCPXTOB	Fixed 1.955%	Mar 2012	(13,664)
Citibank, N.A.	1,800,000	EUR	FRCPXTOB	Fixed 2.07%	Mar 2012	0
Citibank, N.A.	600,000	EUR	FRCPXTOB	Fixed 1.96%	Mar 2012	(4,021)
Citibank, N.A.	1,200,000	EUR	FRCPXTOB	Fixed 1.95%	Mar 2012	(9,277)
Goldman Sachs	300,000	EUR	FRCPXTOB	Fixed 1.96%	Apr 2012	(2,329)
Goldman Sachs	800,000	EUR	FRCPXTOB	Fixed 1.98%	Apr 2012	(6,578)

Merrill Lynch	3,400,000	EUR	FRCPXTOB	Fixed 2.1375%	Jan 2016	(24,318)
Merrill Lynch	2,000,000	EUR	FRCPXTOB	Fixed 2.35%	Oct 2016	3,303
JPMorgan	2,000,000	EUR	Fixed 2.275%	CPTFEMU	Oct 2016	12,099
Morgan Stanley	1,900,000	EUR	FRCPXTOB	Fixed 2.3525%	Oct 2016	1,357
Royal Bank Of Canada	5,200,000	EUR	Fixed 4.00%	6 Month EURIBOR	Jun 2017	385,514
BNP Paribas	5,400,000	EUR	Fixed 5.00%	6 Month EURIBOR	Mar 2018	(171,886)
HSBC USA	14,800,000	GBP	6 Month LIBOR	Fixed 5.00%	Jun 2009	(335,829)
Barclays Capital	18,700,000	GBP	Fixed 6.00%	6 Month LIBOR	Mar 2010	327,657
Goldman Sachs	8,500,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2010	(329,405)
Deutsche Bank AG	6,900,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2010	(267,399)
Barclays Capital	3,900,000	GBP	Fixed 5.00%	6 Month LIBOR	Sep 2015	269,125
Royal Bank of Scotland	1,300,000	GBP	UK RPI	Fixed 3.44%	Sep 2027	0
Barclays Capital	2,700,000	GBP	Fixed 4.00%	6 Month LIBOR	Dec 2035	251,656
Goldman Sachs	5,200,000	GBP	Fixed 4.00%	6 Month LIBOR	Dec 2035	485,091
Royal Bank of Scotland	1,800,000	GBP	Fixed 4.25%	6 Month LIBOR	Jun 2036	386,648
Barclays Capital	3,300,000,000	JPY	6 Month LIBOR	Fixed 1.00%	Mar 2009	(39,185)
UBS	270,000,000	JPY	Fixed 2.00%	6 Month LIBOR	Dec 2016	(40,554)
Morgan Stanley	1,700,000,000	JPY	Fixed 2.00%	6 Month LIBOR	Dec 2016	(255,337)
Barclays Capital	270,000,000	JPY	Fixed 2.00%	6 Month LIBOR	Dec 2016	(40,554)
			28-day Mexico
			Interbank TIIE
Morgan Stanley	13,000,000	MXN	Banxico	Fixed 8.72%	Sep 2016	28,508
			28-day Mexico
			Interbank TIIE
Barclays Capital	24,200,000	MXN	Banxico	Fixed 8.17%	Nov 2016	(25,932)
			28-day Mexico
			Interbank TIIE
Royal Bank of Scotland	119,100,000	MXN	Banxico	Fixed 8.17%	Nov 2016	(127,624)
			28-day Mexico
			Interbank TIIE
Barclays Capital	37,900,000	MXN	Banxico	Fixed 8.17%	Nov 2016	(40,613)
			28-day Mexico
			Interbank TIIE
Royal Bank of Scotland	60,600,000	MXN	Banxico	Fixed 8.17%	Nov 2016	(64,937)

				28-day Mexico
				Interbank TIIE
	Bank of America	10,500,000	MXN	Banxico	Fixed 8.33%	Feb 2017	(1,838)
	Royal Bank of Scotland	158,000,000	USD	3 Month LIBOR	Fixed 5.00%	Jun 2009	841,935
	Credit Suisse	2,400,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2009	19,038
	Deutsche Bank AG	3,600,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2009	28,557
	Barclays Capital	2,500,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2012	14,061
	UBS AG	400,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2012	2,250
	Goldman Sachs	19,600,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2012	110,240
	Morgan Stanley	12,100,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2014	23,904
	Barclays Capital	8,500,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2014	16,792
	Barclays Capital	9,000,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2017	144,155
	Morgan Stanley	6,200,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2017	99,307
	Royal Bank of Scotland	3,100,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2017	49,653
	Barclays Capital	20,700,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2017	331,556
	Credit Suisse	5,000,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2021	174,933
	Deutsche Bank AG	5,300,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2026	269,102
	Royal Bank of Scotland	7,600,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2037	(493,967)
	Royal Bank of Scotland	7,100,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2037	(461,469)
	Barclays Capital	1,600,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2037	(103,993)
							$651,127
Spectrum Income
	State Street Corp	608,000,000	KRW	3 Month Libor	Fixed 5.200%	June 2012	(4,381)
	State Street Corp	608,000,000	KRW	3 Month Libor	Fixed 5.180%	June 2012	(4,931)
	J.P. Morgan Chase	830,000,000	KRW	3 Month Libor	Fixed 5.290%	June 2012	(2,659)
	J.P. Morgan Chase	232,000,000	KRW	3 Month Libor	Fixed 5.060%	June 2012	(3,091)
							$  (15,063)
Total Return
					3 Month BBR-
	Morgan Stanley	67,100,000	AUD	Fixed 7.00%	BBSW	Sep 2009	$24,660
					6 Month BBR-
	UBS	7,100,000	AUD	Fixed 7.00%	BBSW	Mar 2013	10,201
	Barclays Capital	9,700,000	AUD	Fixed 6.50%	6 Month BBR-	Mar 2018	47,886

				BBSW
Barclays Capital	7,523,057	BRL	CDI	Fixed 11.36%	Jan 2010	(14,987)
BNP Paribas	6,320,233	BRL	CDI	Fixed 12.78%	Jan 2010	93,244
Lehman Brothers	2,580,294	BRL	CDI	Fixed 12.948%	Jan 2010	44,959
Merrill Lynch	6,886,324	BRL	CDI	Fixed 11.43%	Jan 2010	(7,600)
Credit Suisse	10,100,460	BRL	Fixed 10.575%	CDI	Jan 2012	(181,372)
Barclays Capital	6,730,924	BRL	Fixed 11.98%	CDI	Jan 2012	85,723
Barclays Capital	15,300,000	EUR	6 Month LIBOR	Fixed 5.00%	Dec 2009	208,064
Deutche Bank	1,100,000	EUR	Fixed 2.15%	FRCPXTOB	Oct 2010	24,851
Barclays Capital	4,800,000	EUR	6 Month LIBOR	Fixed 2.10%	Oct 2010	93,772
Royal Bank of Scotland	1,100,000	EUR	Fixed 2.09%	FRCPTOB	Oct 2010	20,311
			6 Month
Citigroup	10,800,000	EUR	EURIBOR	Fixed 4.00%	Dec 2011	291,419
HSBC	1,900,000	EUR	Fixed 1.95%	FRCPXTOB	Mar 2012	(13,664)
HSBC	3,000,000	EUR	Fixed 1.95%	FRCPXTOB	Mar 2012	(23,192)
Merrill Lynch	700,000	EUR	FRCPXTOB	Fixed 1.96	Apr 2012	(5,435)
Deutsche Bank	3,600,000	EUR	Fixed 5.00%	6 Month LIBOR	Dec 2017	(117,634)
Barclays Capital	14,200,000	GBP	6 Month LIBOR	Fixed 6.00%	Dec 2008	76,790
Royal Bank of Scotland	8,500,000	GBP	6 Month LIBOR	Fixed 6.00%	Dec 2008	45,966
Barclays Capital	8,000,000	GBP	6 Month LIBOR	Fixed 6.00%	Mar 2009	65,834
Royal Bank of Scotland	7,400,000	GBP	6 Month LIBOR	Fixed 6.00%	Mar 2009	60,896
Barclays Capital	1,700,000	GBP	6 Month LIBOR	Fixed 5.00%	Jun 2009	(38,512)
Merrill Lynch	8,500,000	GBP	6 Month LIBOR	Fixed 5.00%	Jun 2009	(192,875)
Citibank N.A.	19,700,000	GBP	6 Month LIBOR	Fixed 4.50%	Sep 2009	(912,876)
Royal Bank of Scotland	800,000	GBP	6 Month LIBOR	Fixed 1.00%	Dec 2035	74,629
UBS	1,800,000	GBP	6 Month LIBOR	Fixed 4.00%	Dec 2036	522,472
Merrill Lynch	4,900,000	GBP	6 Month LIBOR	Fixed 4.00%	Dec 2036	1,422,285
Royal Bank of Scotland	3,200,000	GBP	6 Month LIBOR	Fixed 4.00%	Dec 2036	928,839
Deutsche Bank	3,700,000	GBP	6 Month LIBOR	Fixed 4.00%	Dec 2036	1,073,970
			28-day Mexico
			Interbank TIIE
Deutsche Bank	7,000,000	MXN	Banxico	Fixed 8.17%	Nov 2016	(7,501)
Deutsche Bank	5,900,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2012	(33,185)

Royal Bank of Scotland	8,200,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2012	(46,121)
Royal Bank of Scotland	5,000,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2014	9,878
UBS	5,700,000	USD	Fixed 5.00%	6 Month LIBOR	Dec 2014	11,260
Morgan Stanley	1,800,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2017	28,831
Citibank N.A.	700,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2017	11,212
Deutche Bank	26,000,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2037	(1,689,888)
Royal Bank of Scotland	11,100,000	USD	3 Month LIBOR	Fixed 5.00%	Dec 2037	(721,452)
						$1,271,658

The Portfolios had the following cross-currency swap contracts open at September 30, 2007:

					Notional
					Amount of		Unrealized
				Expiration	Currency	Notional Amount of	Appreciation
Trust	Counterparty	Receive	Pay *	Date	Received	Currency Delivered	(Depreciation)
Global Bond
	UBS AG	Floating rate equal to 3	Floating rate equal to 3	Sep 2009	$427,000,000	JPY 50,386,000,000	$11,082,756
		Month JPY-LIBOR	Month USD-LIBOR
		based on the notional	based on the notional
		amount of the currency	amount of the currency
		delivered	received

* At the expiration date, the notional amount of the currencyreceived will be exchanged back for the notional amount of the currencydelivered.

The Portfolios had the following credit default swap contracts open at September 30, 2007:

							Unrealized
			Notional		(Pay)/Received	Termination	Appreciation
Trust	Counterparty	Issuer	Amount	Buy/Sell Protection†	Fixed Rate	Date	(Depreciation)
Active Bond
	UBS AG	Pulte Homes, Inc.	10,000,000	Buy	4.350 %	Sep 2012	(194,936)
	UBS AG	Pulte Homes, Inc.	5,000,000	Buy	4.450 %	Sep 2012	(116,866)
	UBS AG	D.R. Horton, Inc.	10,000,000	Buy	4.300 %	Nov 2012	(112,272)
							$(424,074)

Global Bond
	Deutsche Bank AG	ACE Limited	500,000	Buy	(0.390)%	Jun 2014	($1,393)
	Lehman Brothers	Alcan, Inc.	1,200,000	Buy	(0.140)%	Mar 2011	466
		American Electric
	Barclays Bank PLC	Power Compay, Inc.	800,000	Buy	(0.100)%	Jun 2012	6,898
	Bank of America N.A.	Autozone, Inc.	1,500,000	Buy	(0.600)%	Jun 2017	177
	Citibank N.A.	Autozone, Inc.	800,000	Buy	(0.680)%	Dec 2012	(12,992)
		Bellsouth
	Lehman Brothers	Corporation	1,000,000	Buy	(0.330)%	Sep 2014	(2,131)
	Merrill Lynch	Boston Scientific
	International	Corporation	1,000,000	Buy	(0.510)%	Jun 2011	47,235
	The Royal Bank of	Canadian Natural
	Scotland PLC	Resources, Ltd.	1,100,000	Buy	(0.190)%	Mar 2012	6,270
	Bank of America N.A.	CDX.NA.HY.8	2,100,000	Sell	3.920 %	Jun 2012	190,351
	Morgan Stanley Capital
	Services, Inc.	CDX.NA.HY.8	2,800,000	Sell	3.884 %	Jun 2012	249,568
	Lehman Brothers	CDX.NA.HY.8	1,200,000	Sell	3.297 %	Jun 2012	77,377
	Merrill Lynch
	International	CDX.NA.HY.8	11,500,000	Sell	2.090 %	Jun 2012	158,625
	Merrill Lynch
	International	CDX.NA.IG.8	20,200,000	Buy	(0.600)%	Jun 2017	303,513
	Bank of America N.A.	CDX.NA.IG.8	121,200,000	Buy	(0.350)%	Jun 2012	1,340,448
	Barclays Bank PLC	CDX.NA.IG.8	34,900,000	Buy	(0.600)%	Jun 2017	524,386
	Merrill Lynch
	International	CDX.NA.IG.8	20,000,000	Buy	(0.350)%	Jun 2012	221,196
	Bear Stearns	CNA Financial
	International, LTD.	Corporation	900,000	Buy	(0.440)%	Sep 2011	1,940
		CNA Financial
	JP Morgan Chase Bank	Corporation	700,000	Buy	(0.440)%	Sep 2011	1,509
		Consumers Energy
	Bank of America N.A.	Company	700,000	Buy	(0.090)%	Mar 2012	4,186
	The Royal Bank of
	Scotland PLC	CVS Corporation	300,000	Buy	(0.240)%	Sep 2011	390
	Bank of America N.A.	D.R. Horton, Inc.	500,000	Buy	(1.600)%	Jun 2017	56,084
	UBS AG (Union Bank of	D.R. Horton, Inc.	900,000	Buy	(1.540)%	Jun 2017	104,283

Switzerland)
The Royal Bank of
Scotland PLC	Daimlerchrysler AG	400,000	Buy	(0.620)%	Sep 2011	(4,379)
Bear Stearns
International, LTD.	Daimlerchrysler AG	300,000	Buy	(0.520)%	Jun 2010	(1,881)
Royal Bank of Canada	Daimlerchrysler AG	1,000,000	Buy	(0.350)%	Jun 2009	(2,111)
	Diamond Offshore
Barclays Bank PLC	Drilling, Inc.	400,000	Buy	(0.470)%	Jun 2017	(451)
Bear Stearns	Diamond Offshore
International, LTD.	Drilling, Inc.	500,000	Buy	(0.230)%	Jun 2012	(690)
	Diamond Offshore
Bank of America N.A.	Drilling, Inc.	1,000,000	Buy	(0.485)%	Jun 2017	(2,271)
	Diamond Offshore
Bank of America N.A.	Drilling, Inc.	1,000,000	Buy	(0.485)%	Jun 2017	(2,271)
	Dow Jones
Lehman Brothers	CDX.NA.IG.7	9,500,000	Buy	(0.650)%	Dec 2016	123,776
Morgan Stanley Capital	Dow Jones
Services, Inc.	CDX.NA.IG.7	6,944,000	Sell	0.500 %	Mar 2010	15,543
Merrill Lynch	Dow Jones
International	CDX.NA.IG.7	1,984,000	Sell	0.500 %	Mar 2010	4,441
Bear Stearns	Dow Jones
International, LTD.	CDX.NA.IG.8	85,700,000	Buy	(0.600)%	Jun 2017	1,287,677
	Dow Jones
Bank of America N.A.	CDX.NA.IG.8	16,000,000	Buy	(0.600)%	Jun 2017	240,406
Lehman Brothers	EXelon Corporation	1,000,000	Buy	(0.520)%	Sep 2013	2,052
	Federated
Merrill Lynch	Department Stores,
International	Inc.	300,000	Buy	(0.190)%	Sep 2009	727
	Federative Republic
Bank of America N.A.	of Brazil	4,900,000	Buy	(1.350)%	Aug 2011	117,492
	Federative Republic
Lehman Brothers	of Brazil	6,600,000	Sell	1.380 %	Aug 2011	165,243
Morgan Stanley Capital	Federative Republic
Services, Inc.	of Brazil	3,100,000	Sell	1.380 %	Aug 2011	76,520
	Federative Republic
Lehman Brothers	of Brazil	4,300,000	Sell	1.350 %	Aug 2011	102,346

	Federative Republic
JP Morgan Chase Bank	of Brazil	6,300,000	Sell	1.340 %	Aug 2011	148,838
Merrill Lynch	Federative Republic
International	of Brazil	8,100,000	Sell	1.280 %	Aug 2011	174,210
Lehman Brothers	Glitnir Banki HF	1,100,000	Buy	(0.290)%	Mar 2012	20,801
The Royal Bank of
Scotland PLC	Glitnir Banki HF	900,000	Buy	(0.340)%	Mar 2011	12,205
	GlobalSantafe
JP Morgan Chase Bank	Corporation	3,300,000	Buy	(0.462)%	Jun 2012	(39,366)
	GlobalSantafe
Bank of America N.A.	Corporation	300,000	Buy	(0.530)%	Jun 2012	(4,448)
	GlobalSantafe
Wachovia Bank N.A.	Corporation	700,000	Buy	(0.520)%	Jun 2012	(10,080)
Lehman Brothers	GMAC LLC	3,000,000	Sell	4.900 %	Sep 2012	165,202
	Goldman Sachs
Wachovia Bank N.A.	Group, Inc.	1,100,000	Buy	(0.330)%	Mar 2016	11,452
Bear Stearns	Health Care Property
International, LTD.	Investors, Inc.	300,000	Buy	(0.610)%	Sep 2011	1,700
	International Lease
JP Morgan Chase Bank	Finance Corp.	1,100,000	Buy	(0.130)%	Mar 2012	7,401
Merrill Lynch	International Paper
International	Company	1,100,000	Buy	(0.500)%	Jun 2012	(5,150)
	International Paper
Deutsche Bank AG	Company	1,000,000	Buy	(0.700)%	Jun 2017	1,710
Deutsche Bank AG	Istar Financial, Inc.	1,200,000	Buy	(0.100)%	Mar 2008	11,294
	ItraXX Europe Hivol
Barclays Bank PLC	Series 6 Version 1	2,100,000	Buy	(0.850)%	Dec 2016	(10,810)
	ItraXX Europe Hivol
JP Morgan Chase Bank	Series 6 Version 1	800,000	Buy	(0.850)%	Dec 2016	(4,119)
	ItraXX Europe Hivol
HSBC BANK USA, N.A.	Series 6 Version 1	5,500,000	Buy	(0.850)%	Dec 2016	(28,318)
	ItraXX Europe Hivol
Barclays Bank PLC	Series 6 Version 1	2,400,000	Buy	(0.850)%	Dec 2016	(12,357)
	Johnson Controls,
BNP PARIBAS	Inc.	900,000	Buy	(0.240)%	Mar 2011	(3,052)
	JP Morgan Chase &
BNP PARIBAS	Co.	900,000	Buy	(0.310)%	Mar 2016	11,560

Credit Suisse
International	Kaupthing Banki HF	1,000,000	Buy	(0.490)%	Dec 2011	27,940
Royal Bank of Canada	Kraft Foods, Inc.	1,300,000	Buy	(0.170)%	Jun 2012	4,902
The Royal Bank of	Landsbanki Islands
Scotland PLC	HF	1,000,000	Buy	(0.330)%	Sep 2009	4,148
Bear Stearns	Lehman Brothers
International, LTD.	Holdings, Inc.	3,400,000	Sell	0.150 %	Jun 2008	(11,621)
The Royal Bank of	Lehman Brothers
Scotland PLC	Holdings, Inc.	4,100,000	Sell	0.160 %	Jun 2008	(13,717)
	Lockheed Martin
Bank of America N.A.	Corporation	1,100,000	Buy	(0.089)%	Jun 2012	3,688
Deutsche Bank AG	Loews Corporation	400,000	Buy	(0.330)%	Mar 2016	843
Morgan Stanley Capital
Services, Inc.	Masco Corporation	300,000	Buy	(0.580)%	Sep 2012	2,479
Bear Stearns	Meadwestvaco
International, LTD.	Corporation	1,500,000	Buy	(0.580)%	Jun 2012	1,800
Morgan Stanley Capital	Meadwestvaco
Services, Inc.	Corporation	1,400,000	Buy	(1.060)%	Jun 2017	1,104
Merrill Lynch	Merrill Lynch & Co.,
International	Inc.	1,200,000	Sell	0.150 %	Jun 2008	(2,424)
UBS AG (Union Bank of
Switzerland)	Morgan Stanley	1,000,000	Buy	(0.290)%	Dec 2015	17,566
Bank of America N.A.	Morgan Stanley	1,100,000	Buy	(0.300)%	Dec 2015	18,593
Bear Stearns
International, LTD.	Morgan Stanley	4,700,000	Sell	0.140 %	Jun 2008	(6,277)
The Royal Bank of	Nabors Industries,
Scotland PLC	Inc.	300,000	Buy	(0.470)%	Jun 2012	(2,242)
	Nabors Industries,
Deutsche Bank AG	Inc.	500,000	Buy	(0.459)%	Jun 2012	(3,503)
Deutsche Bank AG	National Grid PLC	1,700,000	Buy	(0.210)%	Jun 2011	3,223
	Nisource Finance
Bank of America N.A.	Corporation	400,000	Buy	(0.620)%	Sep 2009	(515)
Barclays Bank PLC	Noble Corporation	300,000	Buy	(0.530)%	Jun 2012	(1,612)
Bear Stearns
International, LTD.	Noble Corporation	300,000	Buy	(0.530)%	Jun 2012	(1,612)
Credit Suisse
International	Noble Corporation	2,900,000	Buy	(0.542)%	Jun 2012	(17,054)

	Barclays Bank PLC	Progress Energy, Inc.	1,000,000	Buy	(0.105)%	Jun 2012	9,680
	Bank of America N.A.	Pulte Homes, Inc.	2,500,000	Buy	(1.560)%	Jun 2017	300,455
	Morgan Stanley Capital
	Services, Inc.	Pulte Homes, Inc.	400,000	Buy	(1.630)%	Jun 2017	46,366
	UBS AG (Union Bank of
	Switzerland)	Republic of Turkey	100,000	Buy	(0.270)%	Sep 2010	(4,355)
	Citibank N.A.	Russian Federation	2,900,000	Sell	0.240 %	Feb 2008	(2,604)
	Citibank N.A.	Russian Federation	200,000	Sell	0.250 %	Jun 2008	(361)
	Barclays Bank PLC	Ryder System, Inc.	1,100,000	Buy	(0.460)%	Dec 2016	10,130
	HSBC BANK USA, N.A.	Sara Lee Corporation	800,000	Buy	(0.330)%	Sep 2011	(3,103)
	Morgan Stanley Capital	Sealed Air
	Services, Inc.	Corporation	1,200,000	Buy	(0.590)%	Sep 2013	9,076
	The Royal Bank of
	Scotland PLC	Supervalu, Inc.	800,000	Sell	2.450 %	Sep 2012	46,472
	Bear Stearns	Tate & Lyle Public
	International, LTD.	Limited Company	400,000	Buy	(0.510)%	Dec 2014	8,228
		The Bear Stearns
	Citibank N.A.	Companies, Inc.	5,000,000	Sell	0.160 %	Jun 2008	(26,522)
		The Bear Stearns
	Citibank N.A.	Companies, Inc.	1,600,000	Sell	0.160 %	Jun 2008	(8,487)
		The Goldman Sachs
	Deutsche Bank AG	Group, Inc.	3,400,000	Sell	0.120 %	Jun 2008	(865)
	Bank of America N.A.	Transocn, Inc.	800,000	Buy	(0.539)%	Jun 2017	5,661
	Morgan Stanley Capital
	Services, Inc.	Viacom, Inc.	300,000	Buy	(0.640)%	Jun 2011	(3,317)
	Bear Stearns	Weyerhaeuser
	International, LTD.	Company	3,000,000	Buy	(0.550)%	Jun 2012	6,696
	Barclays Bank PLC	Wyeth	1,300,000	Buy	(0.100)%	Jun 2012	6,505
	Merrill Lynch
	International	Xerox Corporation	1,300,000	Buy	(0.130)%	Jan 2009	(1,046)
							$6,273,546
Managed
	UBS AG	CDX.NA.IG.8	10,000,000	Sell	0.350%	Jun 2012	($29,347)
Real Return Bond
	Barclays Bank	CDX HY-8 100	3,000,000	Buy	-2.75%	Jun 2012	$79,839

UBS	CDX HY-8 100	4,500,000	Sell	2.75%	Jun 2012	119,758
Morgan Stanley	CDX HY-8 100	2,200,000	Sell	2.30%	Jun 2012	49,747
Morgan Stanley	CDX HY-8 100	7,000,000	Sell	2.75%	Jun 2012	186,290
Barclays Bank	CDX HY-8 100	1,550,000	Sell	2.44%	Jun 2012	44,162
Barclays Bank	CDX HY-8 100	2,320,000	Sell	2.46%	Jun 2012	68,049
Morgan Stanley	CDX HY-8 100	2,020,000	Sell	2.75%	Jun 2012	53,758
Goldman Sachs	CDX HY-8 100	7,000,000	Sell	2.75%	Jun 2012	186,290
Citibank, N.A.	CDX IG-8 5Y	2,700,000	Sell	0.35%	Jun 2012	29,862
HSBC Bank USA	CDX XO8	100,000	Sell	1.40%	Jun 2012	2,104
	Chesapeake Energy
Barclays Bank	Corporation	200,000	Sell	1.04%	Jun 2012	(446)
Lehman Brothers Special	Chesapeake Energy
Financing	Corporation	300,000	Sell	1.01%	Jun 2012	(1,043)
	Chesapeake Energy
Barclays Bank	Corporation	300,000	Sell	0.97%	Jun 2012	(1,541)
	Chesapeake Energy
BNP Paribas	SP	1,500,000	Buy	-1.55%	Sep 2012	27,075
Credit Suisse	Ford Motor Credit
International	Company	2,800,000	Sell	1.40%	Sep 2008	(35,884)
	Ford Motor Credit
Barclays Bank	Company	900,000	Sell	3.80%	Sep 2012	(3,704)
	Ford Motor Credit
Bank of America	Company	500,000	Sell	3.80%	Sep 2012	(2,058)
HSBC Bank USA	Glitnir Banki HF.	1,000,000	Buy	-0.29%	Jun 2012	19,822
Lehman Brothers Special
Financing	GMAC	1,100,000	Buy	-4.85%	Sep 2012	(58,636)
Barclays Bank	GMAC	300,000	Buy	-4.25%	Sep 2008	(3,323)
Citibank, N.A.	GMAC	5,800,000	Sell	7.35%	Sep 2012	820,095
Lehman Brothers Special
Financing	GMAC	600,000	Sell	6.85%	Jun 2012	72,027
Merrill Lynch
International	GMAC	700,000	Sell	7.00%	Sep 2012	90,344
Credit Suisse
International	GMAC	1,700,000	Sell	1.43%	Sep 2008	(25,789)

The Royal Bank of
Scotland	GMAC	1,100,000	Sell	1.40%	Sep 2008	(16,943)
Deutsche Bank AG	GMAC	1,200,000	Sell	3.05%	Sep 2012	(12,144)
Credit Suisse
International	GMAC	200,000	Sell	3.05%	Sep 2012	(2,024)
Bank of America	Goldman Sachs	1,000,000	Sell	0.72%	Sep 2012	12,322
Goldman Sachs	Goldman Sachs	700,000	Sell	0.80%	Sep 2012	11,102
Deutsche Bank AG	Goldman Sachs	800,000	Sell	0.75%	Sep 2012	10,919
Citibank, N.A.	Goldman Sachs, Inc.	1,300,000	Sell	0.39%	Dec 2012	3,582
Bank of America	Goldman Sachs, Inc.	1,000,000	Sell	0.40%	Dec 2012	2,294
Bear Stearns	Indonesia SP	2,700,000	Sell	0.51%	Dec 2008	(1,663)
	Lehman Brothers
Deutsche Bank AG	Holdings	300,000	Sell	1.12%	Sep 2012	3,672
	Lehman Brothers
Deutsche Bank AG	Holdings	700,000	Sell	0.66%	Sep 2012	(5,458)
Lehman Brothers Special
Financing	Masco Corp.	3,300,000	Sell	0.87%	Dec 2012	(10,630)
Bear Stearns	Masco Corp.	1,500,000	Sell	0.84%	Dec 2012	(2,773)
Lehman Brothers Special
Financing	Nordstrom, Inc.	1,900,000	Sell	0.27%	Sep 2012	(4,284)
Credit Suisse
International	Nordstrom, Inc.	7,300,000	Sell	0.26%	Sep 2012	(13,225)
Goldman Sach	Panama SP BRC	2,600,000	Sell	0.30%	Dec 2008	(3,820)
Citibank	Peru SP BRC	1,300,000	Sell	0.35%	Dec 2008	(864)
BNP Paribas	Peru SP LSI	1,300,000	Sell	0.37%	Dec 2008	(552)
Deutsche Bank AG	Russian Federation	1,000,000	Sell	0.24%	Feb 2008	(898)
Barclays Bank	Russian Federation	1,300,000	Sell	0.33%	Dec 2008	(3,046)
Bank of America	Russian Federation	1,300,000	Sell	0.33%	Dec 2008	(2,968)
Bank of America	Russian Federation	1,000,000	Sell	0.28%	Nov 2007	(231)
	The Bear Stearns
Goldman Sachs	Companies	1,400,000	Sell	0.72%	Sep 2012	(10,888)
Morgan Stanley	Ukraine SP	1,300,000	Sell	0.78%	Dec 2008	(297)
UBS AG	Ukraine SP	1,300,000	Sell	0.79%	Dec 2008	(141)
						$1,667,840

Spectrum Income
		Compagnie St
	J.P. Morgan Chase	Gobain	60,000	Buy	0.24%	June 2012	767
	J.P. Morgan Chase	Fiat FIN	50,000	Sell	0.58%	June 2012	(135)
		Beidelberg Cement
	J.P. Morgan Chase	AG	60,000	Sell	0.38%	June 2012	2,074
		Hellenic Tele Org
	J.P. Morgan Chase	CDS	100,000	Buy	0.46%	Dec 2012	-
	J.P. Morgan Chase	Holcim LTD	60,000	Buy	(0.240%)	June 2012	652
	J.P. Morgan Chase	Itraxx Ser	140,000	Sell	0.40%	June 2012	(608)
	J.P. Morgan Chase	Kelda Group	100,000	Buy	(0.240%)	June 2012	(189)
	J.P. Morgan Chase	Telia AB	100,000	Buy	(0.300%)	June 2012	(394)
	J.P. Morgan Chase	United Utilities	100,000	Buy	(0.240%)	June 2012	(31)
							$2,136
Total Return
	Deutsche Bank	CDX.EM.7	4,100,000	Sell	1.25%	Jun 2012	($24,580)
	Lehman Brothers	CDX.EM.8	12,900,000	Sell	1.75%	Dec 2012	122,442
		CDX.NA.HY 25-
	Merrill Lynch	35%	1,000,000	Buy	2.07%	Jun 2012	12,954
		CDX.NA.HY 25-
	Merrill Lynch	35%	2,000,000	Sell	1.83%	Jun 2012	6,002
	Citigroup	CDX.NA.HY.8	2,100,000	Sell	0.401%	Jun 2012	(15,986)
	Morgan Stanley	CDX.NA.HY.8	1,000,000	Sell	2.08%	Jun 2012	13,374
	Morgan Stanley	CDX.NA.HY.8	600,000	Sell	2.17%	Jun 2012	10,292
	Citibank, N.A.	CDX.NA.HY.8	900,000	Sell	2.14%	Jun 2012	14,455
	Citibank, N.A.	CDX.NA.HY.8	500,000	Sell	2.18%	Jun 2012	8,766
	Citigroup	CDX.NA.IG.8	8,500,000	Sell	0.355%	Jun 2012	(81,345)
	Citigroup	CDX.NA.IG.8	5,000,000	Sell	0.36%	Jun 2012	(46,786)
		Federative Republic
	Merrill Lynch	of Brazil	1,000,000	Sell	1.95%	Apr 2016	53,335
		Ford Motor Credit
	Barclays Bank	Company	2,500,000	Sell	4.15%	Sep 2012	20,638
	Bank of New York	Ford Motor Credit SP	700,000	Sell	0.95%	Dec 2007	(1,866)
	Deutsche Bank	Ford Motor Credit SP	1,100,000	Sell	5.65%	Sep 2012	67,397

Barclays Bank	Ford Motor Credit SP	500,000	Sell	5.80%	Sep 2012	33,286
Lehman Brothers	Ford Motor Credit SP	2,500,000	Sell	6.10%	Sep 2012	192,935
JP Morgan Chase	Ford Motor Credit SP	600,000	Sell	0.95%	Dec 2007	(1,599)
JP Morgan Chase	Ford Motor Credit SP	800,000	Sell	0.95%	Dec 2007	(2,132)
Deutsche Bank	GMAC LLC	1,400,000	Sell	4.00%	Sep 2012	32,696
Barclays Bank	GMAC LLC	1,900,000	Sell	4.80%	Sep 2012	97,932
Barclays Bank	GMAC LLC SP	2,500,000	Buy	3.65%	Sep 2012	27,554
Citibank, N.A.	GMAC LLC SP	1,000,000	Sell	3.72%	Sep 2012	13,488
Merrill Lynch	GMAC SP	4,000,000	Sell	1.85%	Sep 2009	(89,473)
Lehman Brothers	Indonesia SL LSI	1,300,000	Sell	0.40%	Dec 2008	(2,526)
Lehman Brothers	Republic of Panama	1,000,000	Sell	1.17%	Apr 2017	(9,780)
JP Morgan Chase	Republic of Panama	700,000	Sell	1.25%	Jan 2017	(2,098)
HSBC	Republic of Panama	1,400,000	Sell	0.76%	Jan 2012	(1,536)
Morgan Stanley	Russian Federation	700,000	Sell	0.25%	Jun 2008	(1,262)
Deutsche Bank	Russian Federation	7,000,000	Sell	0.26%	Dec 2007	(2,870)
Morgan Stanley	Russian Federation	5,000,000	Sell	0.31%	Dec 2008	(12,920)
HSBC	Ukraine SP	8,100,000	Sell	0.73%	Apr 2009	(18,236)
Lehman Brothers	United Mexican SP	700,000	Sell	0.92%	Mar 2016	13,944
HSBC	United Mexican SP	2,000,000	Sell	0.18%	May 2009	(2,006)
Barclays Bank	United Mexican SP	1,000,000	Sell	0.39%	Jan 2012	(2,222)
						$422,265

ForwardForeignCurrencyContracts All Portfolios, with the exception of LifestylePortfolios, may purchase and sell forward foreign currencycontracts in order to hedge a specifictransaction or Portfolioposition.Forward foreign currencycontracts are valued at forward foreign currencyexchange rates and marked to market daily. Net realized gains (losses) on foreign currency and forward foreign currencycontracts shown in the Statements of Operations include net gains or losses realized by a Portfolio on contracts that have matured.

The net U.S. dollar value of foreign currencyunderlying all contractualcommitments held at the end of the period, the resulting net unrealizedappreciation(depreciation) and related net receivable or payable amount are determined using forward foreign currencyexchange rates supplied by a quotationservice. The Portfolios could be exposed to risks in excess of amountsrecognized on the

Statements of Assets and Liabilities if the counterparties to the contracts are unable to meet the terms of their contracts or if the value of the forward foreign currency contract changes unfavorably.

At September 30, 2007, certain Portfolios entered into forward foreign currency contracts, which contractually obligate the Portfolios to deliver currencies at future dates. Open forward foreign currency contracts as of September 30, 2007 were as follows:

		Principal Amount		Unrealized
		Covered by	Settlement	Appreciation
Portfolio	Currency	Contract	Date	(Depreciation)
Active Bond	Sells
	Canadian Dollar	1,321,379	Jan 2008	($35,287)
				($35,287)
Global Allocation	Buys
	Euro	540,000	Nov 2007	$25,663
	Euro	6,760,000	Nov 2007	448,102
	Japanese Yen	667,966,898	Nov 2007	242,087
	Japanese Yen	4,337,000,000	Nov 2007	1,443,604
	Pound Sterling	350,000	Nov 2007	314
	Singapore Dollar	5,265,000	Nov 2007	77,400
	Swedish Krona	120,930,000	Nov 2007	869,941
	Swiss Franc	24,235,000	Nov 2007	865,511
				$3,972,622
	Sells
	Australian Dollar	243,458	Oct 2007	$19
	Australian Dollar	1,627,064	Nov 2007	(130,309)
	Canadian Dollar	1,935,293	Nov 2007	(164,160)

	Euro	36,852,241	Nov 2007	(1,883,756)
	Euro	9,800,568	Nov 2007	(292,715)
	Japanese Yen	2,398,543	Nov 2007	(47,431)
	Japanese Yen	3,335,071	Nov 2007	28,633
	Pound Sterling	12,415,556	Nov 2007	(430,820)
	Pound Sterling	1,413,706	Nov 2007	(11,407)
	Pound Sterling	1,797,315	Nov 2007	(14,614)
	Swiss Franc	1,845,343	Nov 2007	(52,022)
				($2,998,582)
Global Bond	Buys
	Australian Dollar	3,969,000	Oct 2007	$27,661
	Australian Dollar	160,515	Oct 2007	10,322
	Australian Dollar	7,424,724	Oct 2007	40,282
	Australian Dollar	13,814,263	Oct 2007	170,912
	Australian Dollar	3,172,000	Oct 2007	147,104
	Brazilian Real	4,518,516	Oct 2007	151,786
	Brazilian Real	14,103,860	Oct 2007	754,818
	Brazilian Real	20,267,090	Oct 2007	1,091,864
	Brazilian Real	4,035,937	Oct 2007	183,226
	Brazilian Real	3,368,892	Nov 2007	73,411
	Brazilian Real	4,567,671	Mar 2008	196,803
	Brazilian Real	19,632,573	Mar 2008	507,874
	Brazilian Real	4,452,314	Mar 2008	239,229
	Brazilian Real	548,940	Jul 2008	10,780
	Brazilian Real	17,881,960	Jul 2008	566,912
	Canadian Dollar	9,039,000	Nov 2007	160,467
	Chilean Peso	102,553,000	Nov 2007	13,388

Chilean Peso	57,900,000	Mar 2008	3,404
Chinese Yuan
Renminbi	18,591,580	Nov 2007	7,752
Chinese Yuan
Renminbi	21,572,850	Nov 2007	9,960
Chinese Yuan
Renminbi	50,196,400	Nov 2007	43,962
Chinese Yuan
Renminbi	13,151,906	Jan 2008	2,628
Chinese Yuan
Renminbi	6,288,725	Jan 2008	1,528
Chinese Yuan
Renminbi	5,029,819	Jan 2008	72
Chinese Yuan
Renminbi	26,015,500	Jan 2008	22,644
Chinese Yuan
Renminbi	76,386,409	Jan 2008	(21,726)
Chinese Yuan
Renminbi	42,292,187	Jan 2008	(6,290)
Chinese Yuan
Renminbi	6,753,539	Jan 2008	(647)
Chinese Yuan
Renminbi	5,029,820	Jan 2008	(316)
Chinese Yuan
Renminbi	6,502,205	Jan 2008	2,435
Chinese Yuan
Renminbi	20,278,300	Mar 2008	(6,803)
Chinese Yuan
Renminbi	15,093,448	Mar 2008	(6,867)
Chinese Yuan
Renminbi	17,479,182	Mar 2008	4,398
Chinese Yuan
Renminbi	48,093,002	Mar 2008	(1,952)

Chinese Yuan
Renminbi	11,913,664	Mar 2008	5,275
Chinese Yuan
Renminbi	26,132,792	Jul 2008	30,794
Chinese Yuan
Renminbi	19,714,211	Jul 2008	24,173
Chinese Yuan
Renminbi	9,197,120	Mar 2009	15,124
Danish Kroner	2,884,000	Dec 2007	21,835
Euro	1,209,000	Oct 2007	66,505
Euro	42,000,000	Oct 2007	2,407,867
Euro	26,024,000	Oct 2007	844,810
Euro	2,647,000	Oct 2007	151,192
Euro	163,227,000	Oct 2007	10,249,971
Indian Rupee	39,425,000	May 2008	18,779
Indian Rupee	37,556,260	May 2008	27,669
Indian Rupee	99,857,920	May 2008	71,792
Indian Rupee	137,094,825	May 2008	92,454
Japanese Yen	28,119,135,000	Oct 2007	12,194,301
Malaysian Ringgit	13,390,834	May 2008	32,635
Malaysian Ringgit	6,419,358	May 2008	31,876
Malaysian Ringgit	37,627,520	May 2008	(23,169)
Malaysian Ringgit	7,536,400	May 2008	(31,397)
Mexican Peso	102,700,262	Mar 2008	166,619
Mexican Peso	6,902,388	Mar 2008	(8,073)
New Zealand Dollar	12,700,000	Oct 2007	771,982
New Zealand Dollar	5,900,000	Oct 2007	248,364
Norwegian Krone	28,583,709	Oct 2007	89,466
Norwegian Krone	22,869,004	Oct 2007	40,687
Norwegian Krone	28,584,000	Dec 2007	(17,270)

Norwegian Krone	4,683,000	Dec 2007	31,435
Norwegian Krone	25,942,000	Dec 2007	326,336
Polish Zloty	574,000	Jul 2008	6,972
Pound Sterling	158,000	Nov 2007	3,339
Pound Sterling	280,000	Nov 2007	8,599
Pound Sterling	336,000	Nov 2007	13,229
Pound Sterling	16,403,000	Nov 2007	446,991
Singapore Dollar	2,922,000	May 2008	46,318
South African Rand	1,071,000	Jul 2008	6,356
South Korean Won	282,286,000	Jan 2008	(198)
South Korean Won	1,189,781,800	Jan 2008	10,285
South Korean Won	7,579,352,274	May 2008	149,196
South Korean Won	2,191,823,336	May 2008	60,949
South Korean Won	149,241,269	Aug 2008	2,540
South Korean Won	81,488,000	Aug 2008	1,638
Swedish Krona	19,453,088	Oct 2007	29,249
Swedish Krona	38,312,165	Oct 2007	57,605
Swedish Krona	60,140,000	Dec 2007	(44,488)
Swedish Krona	6,889,000	Dec 2007	33,707
Swedish Krona	35,752,000	Dec 2007	340,052
Taiwan Dollar	27,128,188	Oct 2007	6,120
Taiwan Dollar	34,057,412	Oct 2007	6,894
Taiwan Dollar	33,618,775	Nov 2007	15,055
Taiwan Dollar	27,479,218	Nov 2007	11,167
			$33,494,628
Sells
Australian Dollar	8,846,435	Oct 2007	($623,903)

Australian Dollar	4,322,671	Oct 2007	(276,285)
Australian Dollar	4,371,382	Oct 2007	(24,939)
Brazilian Real	4,025,000	Oct 2007	(267,088)
Brazilian Real	4,878,000	Oct 2007	(190,484)
Brazilian Real	3,912,407	Oct 2007	(404,489)
Brazilian Real	9,146,783	Oct 2007	(619,444)
Canadian Dollar	275,532	Nov 2007	(1,621)
Canadian Dollar	236,551	Nov 2007	(434)
Canadian Dollar	5,179,633	Nov 2007	(25,004)
Chinese Yuan
Renminbi	5,368,858	Nov 2007	(22,854)
Chinese Yuan
Renminbi	6,718,383	Nov 2007	(25,579)
Chinese Yuan
Renminbi	4,493,243	Jan 2008	(25,115)
Chinese Yuan
Renminbi	20,720,958	Jan 2008	(142,476)
Chinese Yuan
Renminbi	15,351,886	Mar 2008	(82,165)
Chinese Yuan
Renminbi	3,173,022	Jul 2008	(24,599)
Chinese Yuan
Renminbi	3,172,803	Jul  2008	(24,818)
Chinese Yuan
Renminbi	1,312,187	Mar 2009	(14,937)
Euro	5,191,658	Oct 2007	(33,865)
Euro	2,975,161	Oct 2007	(20,806)
Euro	5,859,473	Oct 2007	(44,301)
Euro	4,184,554	Oct 2007	(14,459)
Euro	1,526,927	Oct 2007	(7,157)
Euro	11,889,709	Oct 2007	(424,362)

	Euro	25,047,917	Oct 2007	(640,999)
	Euro	6,530,000	Oct 2007	(31,559)
	Japanese Yen	3,484,584	Oct 2007	(28,974)
	Japanese Yen	2,595,000	Oct 2007	(72,182)
	Japanese Yen	6,733,000	Oct 2007	(13,074)
	Japanese Yen	26,330,940	Oct 2007	(158,551)
	Japanese Yen	1,991,000	Oct 2007	3,263
	Japanese Yen	2,139,000	Oct 2007	(100,367)
	Japanese Yen	2,522,000	Oct 2007	(68,171)
	Japanese Yen	469,299,575	Oct 2007	1,772,100
	Mexican Peso	6,485,000	Mar 2008	(64,961)
	New Zealand Dollar	9,377,346	Oct 2007	(263,228)
	New Zealand Dollar	4,295,578	Oct 2007	(389,091)
	Norwegian Krone	5,297,660	Oct 2007	16,537
	Polish Zloty	205,233	Mar 2008	(18,291)
	Pound Sterling	1,245,601	Nov 2007	(9,345)
	Swedish Krona	9,330,752	Oct 2007	43,009
	Taiwan Dollar	1,015,888	Oct 2007	(14,632)
	Taiwan Dollar	834,347	Oct 2007	(10,662)
				($3,390,362)
Global Real Estate	Buys
	Pound Sterling	3,199,000	Oct 2007	$72,197
				$72,197
	Sells
	Australian Dollar	36,030,779	Oct 2007	($1,021,536)
	Brazilian Real	3,914,009	Oct 2007	(123,602)

	Canadian Dollar	6,108,946	Oct 2007	(28,494)
	Euro	75,115,317	Oct 2007	(408,238)
	Hon Kong Dollar	56,793,478	Oct 2007	(88,064)
	Japanese Yen	70,746,751	Oct 2007	305,974
	Norwegian Krone	2,677,760	Oct 2007	(54,064)
	Phillippine Peso	2,625,259	Oct 2007	(11,137)
	Pound Sterling	55,154,970	Oct 2007	(860,585)
	Singapore Dollar	19,014,516	Oct 2007	(267,702)
	South African Rand	3,003,382	Oct 2007	(79,527)
				($2,636,975)
High Income	Sells
	Pound Sterling	957,168	Jan 2008	($18,349)
				($18,349)
Income and Value	Buys
	Euro	647,533	Oct 2007	$21,120
	Japanese Yen	108,379,200	Oct 2007	9,170
				$30,290
	Sells
	Euro	936,281	Oct 2007	($16,922)
				($16,922)
International Core	Buys
	Euro	7,463,117	Nov 2007	$540,876
	Euro	4,471,000	Nov 2007	174,370
	Euro	11,176,000	Nov 2007	695,641
	Japanese Yen	1,074,847,000	Nov 2007	194,979

Japanese Yen	823,422,060	Nov 2007	(67,133)
Japanese Yen	823,422,060	Nov 2007	(26,892)
Japanese Yen	823,422,060	Nov 2007	(47,637)
Japanese Yen	823,422,060	Nov 2007	(27,502)
Japanese Yen	823,422,060	Nov 2007	(39,978)
Japanese Yen	823,422,060	Nov 2007	(16,931)
Japanese Yen	823,422,060	Nov 2007	(52,113)
New Zealand Dollar	1,673,016	Nov 2007	105,284
New Zealand Dollar	1,673,016	Nov 2007	100,040
New Zealand Dollar	1,673,016	Nov 2007	101,374
New Zealand Dollar	8,982,000	Nov 2007	(11,824)
New Zealand Dollar	1,673,016	Nov 2007	106,092
New Zealand Dollar	1,673,016	Nov 2007	102,662
New Zealand Dollar	1,673,016	Nov 2007	101,571
New Zealand Dollar	1,673,016	Nov 2007	101,374
Norwegian Krone	4,628,267	Nov 2007	72,848
Norwegian Krone	4,628,267	Nov 2007	74,362
Norwegian Krone	4,628,267	Nov 2007	73,164
Norwegian Krone	4,628,267	Nov 2007	72,794
Norwegian Krone	4,628,267	Nov 2007	73,322
Norwegian Krone	4,628,267	Nov 2007	74,599
Norwegian Krone	4,628,267	Nov 2007	73,915
Pound Sterling	2,848,000	Nov 2007	27,684
Pound Sterling	758,000	Nov 2007	30,833
Swedish Krona	43,844,863	Nov 2007	436,293
Swedish Krona	43,844,863	Nov 2007	424,751
Swedish Krona	43,844,863	Nov 2007	438,939
Swedish Krona	43,844,863	Nov 2007	435,359

Swedish Krona	43,844,863	Nov 2007	423,857
Swedish Krona	43,844,863	Nov 2007	422,362
Swedish Krona	43,844,863	Nov 2007	427,818
Swiss Franc	18,680,834	Nov 2007	468,144
Swiss Franc	18,680,834	Nov 2007	487,222
Swiss Franc	18,680,834	Nov 2007	474,327
Swiss Franc	18,680,834	Nov 2007	490,962
Swiss Franc	18,680,834	Nov 2007	469,121
Swiss Franc	18,680,834	Nov 2007	480,868
Swiss Franc	18,680,834	Nov 2007	486,417
			$8,974,214
Sells
Australian Dollar	1,662,374	Nov 2007	($181,539)
Australian Dollar	4,087,973	Nov 2007	(144,565)
Australian Dollar	1,673,071	Nov 2007	(170,843)
Australian Dollar	1,666,511	Nov 2007	(177,403)
Australian Dollar	1,666,386	Nov 2007	(177,528)
Australian Dollar	7,366,695	Nov 2007	(517,964)
Australian Dollar	1,666,929	Nov 2007	(176,985)
Australian Dollar	1,673,349	Nov 2007	(170,565)
Australian Dollar	1,661,105	Nov 2007	(182,809)
Canadian Dollar	1,306,719	Nov 2007	(80,484)
Canadian Dollar	1,308,749	Nov 2007	(78,453)
Canadian Dollar	1,307,312	Nov 2007	(79,890)
Canadian Dollar	6,278,763	Nov 2007	(367,425)
Canadian Dollar	1,306,175	Nov 2007	(81,027)
Canadian Dollar	1,304,595	Nov 2007	(82,607)

Canadian Dollar	1,306,547	Nov 2007	(80,655)
Canadian Dollar	1,307,591	Nov 2007	(79,611)
Danish Krone	531,585	Nov 2007	(28,071)
Danish Krone	531,797	Nov 2007	(27,860)
Danish Krone	531,613	Nov 2007	(28,043)
Danish Krone	531,859	Nov 2007	(27,797)
Danish Krone	531,440	Nov 2007	(28,217)
Euro	13,884,845	Nov 2007	(750,632)
Euro	13,899,641	Nov 2007	(735,835)
Euro	13,891,323	Nov 2007	(744,154)
Euro	13,612,420	Nov 2007	(422,138)
Euro	13,897,543	Nov 2007	(737,933)
Euro	13,880,938	Nov 2007	(754,539)
Euro	13,897,461	Nov 2007	(738,015)
Euro	13,886,696	Nov 2007	(748,781)
Hong Kong Dollar	549,484	Nov 2007	(2,411)
Hong Kong Dollar	549,710	Nov 2007	(2,185)
Hong Kong Dollar	549,671	Nov 2007	(2,224)
Hong Kong Dollar	549,470	Nov 2007	(2,425)
Norwegian Krone	4,288,149	Nov 2007	(265,493)
Norwegian Krone	4,288,374	Nov 2007	(264,161)
Pound Sterling	6,415,993	Nov 2007	(188,495)
Pound Sterling	6,433,455	Nov 2007	(171,033)
Pound Sterling	6,423,453	Nov 2007	(181,035)
Pound Sterling	6,427,280	Nov 2007	(177,208)
Pound Sterling	6,425,334	Nov 2007	(179,154)
Pound Sterling	6,436,819	Nov 2007	(167,670)
Pound Sterling	6,423,381	Nov 2007	(181,107)

	Pound Sterling	8,321,911	Nov 2007	(41,244)
	Swiss Franc	2,354,151	Nov 2007	(28,709)
				($10,456,922)
International Equity
Index A	Buys
	Australian Dollar	371,000	Dec 2007	$5,720
	Canadian Dollar	387,000	Dec 2007	1,896
	Euro	1,675,000	Dec 2007	13,698
	Pound Sterling	912,000	Dec 2007	19,913
	Hong Kong Dollar	788,000	Dec 2007	(24)
	Japanese Yen	185,000,000	Dec 2007	(8,778)
	Swedish Krona	1,400,000	Dec 2007	1,197
				$33,622
International Equity
Index B	Buys
	Australian Dollar	247,000	Dec 2007	$3,808
	Canadian Dollar	254,000	Dec 2007	1,245
	Euro	1,106,000	Dec 2007	9,045
	Pound Sterling	798,000	Dec 2007	17,424
	Hong Kong Dollar	1,766,000	Dec 2007	(53)
	Japanese Yen	185,000,000	Dec 2007	(8,778)
	Swedish Krona	1,400,000	Dec 2007	1,197
				$23,888
Investment Quality
Bond	Buys
	Mexican Peso	6,260,000	Dec 2007	($841)

				($841)
	Sells
	Brazilian Real	8,638,882	Dec 2007	($605,456)
	Mexican Peso	562,469	Dec 2007	(7,119)
				($612,575)
Overseas Equity	Buys
	Japanese Yen	330,087,384	Dec 2007	($34,207)
				($34,207)
	Sells
	Japanese Yen	2,901,000	Dec 2007	$6,771
				$6,771
Real Return Bond	Buys
	Brazilian Real	608,888	Oct 2007	$7,780
	Brazilian Real	7,401,395	Oct 2007	99,164
	Brazilian Real	9,436,284	Oct 2007	175,285
	Brazilian Real	17,802,631	Oct 2007	272,372
	Brazilian Real	746,729	Nov 2007	7,671
	Brazilian Real	171,810	Nov 2007	1,568
	Brazilian Real	745,931	Nov 2007	7,236
	Brazilian Real	746,529	Nov 2007	7,562
	Brazilian Real	8,271,050	Mar 2008	149,737
	Brazilian Real	35,249,198	Mar 2008	1,228,249
	Brazilian Real	972,231	Mar 2008	9,050
	Brazilian Real	9,194,400	Mar 2008	146,490

Chinese Yuan
Renminbi	14,131,443	Jan 2008	22,476
Chinese Yuan
Renminbi	70,021,485	Jan 2008	96,300
Chinese Yuan
Renminbi	10,116,828	Mar 2008	2,546
Chinese Yuan
Renminbi	24,759,630	Mar 2008	11,049
Chinese Yuan
Renminbi	6,895,840	Mar 2008	3,053
Chinese Yuan
Renminbi	24,910,225	Mar 2009	68,992
Chinese Yuan
Renminbi	31,373,250	Mar 2009	102,092
Chinese Yuan
Renminbi	12,513,900	Mar 2009	35,729
Euro	159,000	Oct 2007	9,207
Mexican Peso	30,285,657	Mar 2007	(32,391)
Mexican Peso	47,290,259	Mar 2007	(55,261)
Mexican Peso	47,962,558	Mar 2008	(55,525)
Mexican Peso	118,126,159	Jul 2008	45,266
Mexican Peso	1,131,705	Jul 2008	236
Mexican Peso	2,512,048	Jul 2008	713
Mexican Peso	2,813,208	Jul 2008	653
Mexican Peso	84,011,671	Jul 2008	11,192
Mexican Peso	4,976,650	May 2008	3,575
Polish Zloty	8,181,640	Jul 2008	66,599
Singapore Dollar	2,354,340	Oct 2007	16,520
Singapore Dollar	1,794,946	Oct 2007	15,928
Singapore Dollar	277,302	Feb 2008	2,367
Singapore Dollar	915,363	May 2008	13,856

Singapore Dollar	1,410,977	May 2008	19,551
South Korean Won	91,060,000	Jan 2008	(64)
South Korean Won	943,190,000	Jan 2008	7,126
South Korean Won	77,127,500	Jan 2008	(166)
South Korean Won	718,330,944	May 2008	19,412
South Korean Won	715,581,006	May 2008	19,914
			$2,563,109
Sells
Chinese Yuan
Renminbi	842,009	Dec 2007	($28,340)
Chinese Yuan
Renminbi	3,020,000	Jan 2008	9,700
Chinese Yuan
Renminbi	1,907,654	Jan 2008	(1,674)
Chinese Yuan
Renminbi	6,479,654	Jan 2008	4,507
Chinese Yuan
Renminbi	1,635,950	Mar 2008	(2,853)
Chinese Yuan
Renminbi	4,048,000	Mar 2008	426
Chinese Yuan
Renminbi	26,142	Mar 2008	(130)
Chinese Yuan
Renminbi	3,863,000	Mar 2009	(36,171)
Chinese Yuan
Renminbi	1,944,910	Mar 2009	(25,227)
Chinese Yuan
Renminbi	4,029,000	Mar 2009	(29,004)
Euro	7,322,055	Oct 2007	(298,165)
Euro	18,077,626	Oct 2007	(844,238)

	Japanese Yen	13,070,703	Oct 2007	(163,921)
	Japanese Yen	30,979,460	Oct 2007	122,394
	Singapore Dollar	612,119	Oct 2007	(14,204)
	Singapore Dollar	940,485	Oct 2007	(19,712)
				(1,326,612)
Spectrum Income	Buys
	Australian Dollar	317,920	Nov 2007	$21,689
	Brazilian Real	623,745	Oct 2007	6,844
	Brazilian Real	395,970	Nov 2007	14,264
	Canadian Dollar	1,872,031	Nov 2007	14,798
	Czech Koruna	4,508,860	Nov 2007	12,631
	Danish Kroner	3,299,836	Nov 2007	22,627
	Euro	444,191	Nov 2007	12,854
	Hungarian Forint	51,477,303	Nov 2007	26,498
	Indonesian Rupiah	12,545,330,000	Nov 2007	(26,200)
	Indonesian Rupiah	203,830,000	Oct 2007	242
	Indonesian Rupiah	2,000,000,000	Oct 2007	(238)
	Japanese Yen	1,176,932,066	Nov 2007	(84,454)
	Mexican Peso	24,200,000	Nov 2007	5,471
	Norwegian Krone	1,673,376	Nov 2007	27,062
	Polish Zloty	5,181,302	Nov 2007	69,438
	Polish Zloty	3,578,014	Nov 2007	11,123
	Pound Sterling	711,298	Nov 2007	30,554
	Singapore Dollar	521,438	Nov 2007	9,656
	South African Rand	214,226	Nov 2007	971
	South Korean Won	2,823,444,400	Nov 2007	77,492
	Swedish Krona	14,044,050	Nov 2007	151,879

Taiwan Dollar	30,289,460	Nov 2007	6,511
Turkish Lira	300,000	Oct 2007	21,425
			$433,137
Sells
Australian Dollar	96,000	Nov 2007	($8,509)
Brazilian Real	1,695,224	Nov 2007	(143,837)
Brazilian Real	1,336,000	Oct 2007	(74,466)
Brazilian Real	1,143,000	Nov 2007	(130,430)
Brazilian Real	1,242,842	Nov 2007	(53,189)
Brazilian Real	1,045,000	Dec 2007	(13,170)
Canadian Dollar	181,373	Nov 2007	(10,967)
Danish Krone	91,000	Nov 2007	(3,695)
Euro	1,702,180	Nov 2007	(47,452)
Euro	3,358,174	Nov 2007	(129,172)
Indonesian Rupiah	22,289	Oct 2007	47
Indonesian Rupiah	1,368,830	Nov 2007	3,030
Japanese Yen	2,327,462	Nov 2007	(10,314)
Malaysian Ringgit	1,655,000	Nov 2007	(36,785)
Mexican Peso	992,704	Nov 2007	(15,058)
Mexican Peso	950,495	Nov 2007	(34,025)
Mexican Peso	3,779,178	Nov 2007	(52,182)
Mexican Peso	2,126,486	Nov 2007	(33,059)
Polish Zloty	1,537,114	Oct 2007	(83,282)
Polish Zloty	1,666,372	Nov 2007	(6,554)
Pound Sterling	54,000	Nov 2007	(605)
South African Rand	219,658	Nov 2007	(18,575)
Swedish Krona	1,433,593	Nov 2007	(93,023)

	Turkish Lira	74,571	Oct 2007	(7,978)
	Turkish Lira	1,456,268	Oct 2007	(152,561)
	Turkish Lira	3,080,491	Nov 2007	(403,167)
				($1,558,978)
Strategic Income	Buys
	Australian Dollar	20,921,000	Jan 2008	$907,723
	Australian Dollar	12,700,000	Jan 2008	252,279
	Canadian Dollar	2,890,000	Sep 2007	101,760
	Canadian Dollar	17,253,380	Jan 2008	338,505
	Canadian Dollar	9,800,000	Jan 2008	99,242
	Canadian Dollar	5,822,450	Jan 2008	101,177
	Canadian Dollar	11,642,807	Jan 2008	200,251
	Euro	30,300,000	Jan 2008	828,711
	Pound Sterling	3,400,000	Jan 2008	98,068
	Pound Sterling	4,260,000	Jan 2008	109,796
	Pound Sterling	5,120,000	Jan 2008	123,684
	New Zealand Dollar	35,620,000	Jan 2008	1,141,164
				$4,302,360
	Sells
	Australian Dollar	23,353,450	Jan 2008	($55,078)
	Australian Dollar	10,969,117	Jan 2008	(210,496)
	Canadian Dollar	16,675,000	Jan 2008	(94,467)
	Canadian Dollar	23,243,447	Jan 2008	(272,546)
	Canadian Dollar	88,558,943	Jan 2008	(2,268,137)
	Euro	14,264,068	Jan 2008	(122,054)
	Pound Sterling	12,808,672	Jan 2008	(402,732)

	Pound Sterling	17,125,626	Jan 2008	(191,475)
	Pound Sterling	10,293,475	Jan 2008	(113,046)
	New Zealand Dollar	1,615,240	Jan 2008	(29,521)
	New Zealand Dollar	24,293,080	Jan 2008	(527,857)
	New Zealand Dollar	20,302,458	Jan 2008	(1,322,410)
				($5,609,819)
Total Return	Buys
	Australian Dollar	6,597,000	Oct 2007	$400,434
	Australian Dollar	2,908,888	Oct 2007	154,595
	Australian Dollar	1,270,800	Oct 2007	15,723
	Brazilian Real	125,188	Oct 2007	7,923
	Brazilian Real	59,817,614	Oct 2007	2,888,805
	Brazilian Real	10,632,276	Oct 2007	449,814
	Brazilian Real	5,749,105	Oct 2007	383,168
	Brazilian Real	13,567,766	Oct 2007	721,452
	Brazilian Real	26,310,754	Oct 2007	1,151,734
	Brazilian Real	116,202,703	Oct 2007	272,645
	Brazilian Real	27,685,443	Mar 2008	2,066,558
	Brazilian Real	14,335,561	Mar 2008	776,486
	Brazilian Real	116,202,703	Mar 2008	2,680,973
	Canadian Dollar	6,081,000	Nov 2007	107,955
	Canadian Dollar	1,218,000	Nov 2007	6,171
	Chilean Peso	433,084,250	Mar 2008	23,826
	Chinese Yuan
	Renminbi	19,207,895	Nov 2007	30,069
	Chinese Yuan
	Renminbi	9,010,800	Nov 2007	9,619
	Chinese Yuan	2,089,027	Jan 2008	(603)

Renminbi
Chinese Yuan
Renminbi	2,089,027	Jan 2008	(334)
Chinese Yuan
Renminbi	4,715,846	Jan 2008	(452)
Chinese Yuan
Renminbi	2,019,648	Jan 2008	(231)
Chinese Yuan
Renminbi	2,089,027	Jan 2008	(334)
Euro	9,741,000	Oct 2007	618,000
Indian Rupee	68,169,011	Oct 2007	66,167
Indian Rupee	41,380,230	Oct 2007	32,322
Indian Rupee	2,660,050	Nov 2007	2,062
Indian Rupee	28,397,700	May 2008	39,737
Indian Rupee	59,788,028	May 2008	75,912
Indian Rupee	50,347,342	May 2008	66,204
Indonesian Rupiah	3,441,750,000	May 2008	(19,705)
Indonesian Rupiah	6,883,500,000	May 2008	(39,410)
Indonesian Rupiah	3,433,950,000	May 2008	(20,544)
Japanese Yen	2,162,275,000	Oct 2007	170,713
Malaysian Ringgit	14,845,939	May 2008	(11,234)
Malaysian Ringgit	2,577,120	May 2008	(14,331)
Malaysian Ringgit	2,140,806	May 2008	3,039
Mexican Peso	28,000,239	Mar 2008	43,108
Mexican Peso	16,250,610	Mar 2008	(9,060)
Mexican Peso	79,369,203	Mar 2008	(61,587)
Mexican Peso	15,910,839	Jul 2008	8,617
New Zealand Dollar	988,000	Oct 2007	62,067
Philippine Peso	187,531,440	May 2008	24,392
Philippine Peso	32,847,910	May 2008	7,850

Polish Zloty	4,639,965	Mar 2008	98,975
Polish Zloty	26,846,351	Jul 2008	320,528
Singapore Dollar	5,074,367	Oct 2007	92,012
Singapore Dollar	1,951,449	Oct 2007	27,023
Singapore Dollar	7,704,236	Oct 2007	150,656
Singapore Dollar	5,197,650	Feb 2008	44,112
Singapore Dollar	5,727,008	May 2008	86,689
Singapore Dollar	552,000	May 2008	8,750
South African Rand	8,967,427	Mar 2008	122,747
South African Rand	573,000	Jul 2008	3,401
South Korean Won	1,966,896,000	Jan 2008	(1,383)
South Korean Won	1,644,598,600	Jan 2008	(3,539)
South Korean Won	1,229,288,173	May 2008	26,040
South Korean Won	532,933,227	May 2008	14,825
South Korean Won	2,065,836,166	Aug 2008	35,166
South Korean Won	1,121,386,000	Aug 2008	22,539
Swedish Krona	8,870,000	Dec 2007	84,366
			$14,323,222
Sells
Australian Dollar	72,238	Oct-07	($5,659)
Australian Dollar	80,417	Oct-07	(1,815)
Brazilian Real	68,078	Oct-07	(294)
Brazilian Real	32,529,019	Oct-07	(140,349)
Brazilian Real	5,781,867	Oct-07	(24,946)
Brazilian Real	3,126,383	Oct-07	(13,489)
Brazilian Real	7,378,197	Oct-07	(31,834)
Brazilian Real	14,307,876	Oct-07	(61,733)

	Brazilian Real	60,664,423	Oct-07	(2,799,642)
	Chinese Yuan
	Renminbi	1,969,824	Nov-07	(9,176)
	Chinese Yuan
	Renminbi	595,000	Nov-07	1,531
	Chinese Yuan
	Renminbi	1,202,883	Nov-07	(6,735)
	Chinese Yuan
	Renminbi	1,095,678	Jan-08	(7,460)
	Chinese Yuan
	Renminbi	273,887	Jan-08	(1,902)
	Chinese Yuan
	Renminbi	380,367	Jan-08	(1,328)
	Euro	17,219,605	Oct-07	(701,208)
	Indian Rupee	1,441,370	Oct-07	(66,069)
	Indian Rupee	1,196,183	Oct-07	(58,449)
	Japanese Yen	21,005,422	Oct-07	82,988
	Pound Sterling	6,641,758	Nov-07	(73,020)
	Pound Sterling	9,286,200	Nov-07	(125,898)
	Singapore Dollar	3,829,750	Oct-07	(88,868)
	Singapore Dollar	5,884,194	Oct-07	(123,333)
				($4,258,688)
Utilities	Buys
	Euro	185,396	Dec-07	($148)
	Euro	56,910	Dec-07	1,921
	Euro	135,434	Dec-07	826
	Euro	321,921	Dec-07	10,391
	Euro	207,688	Dec-07	7,230
	Pound Sterling	45,327	Dec-07	561

	Pound Sterling	75,804	Dec-07	1,446
				$22,227
	Sells
	Euro	12,479,567	Nov-07	($319,765)
	Euro	439,095	Dec-07	(4,171)
	Euro	2,263,038	Dec-07	(49,036)
	Euro	1,277,990	Dec-07	(32,025)
	Euro	881,838	Dec-07	(266)
	Euro	733,660	Dec-07	(17,952)
	Pound Sterling	447,238	Dec-07	(513)
	Pound Sterling	6,118,385	Dec-07	(94,700)
				($518,428)
Vista	Sells
	Danish Kroner	624,016	Oct-07	($4,593)
	Pound Sterling	2,354,831	Oct-07	(25,387)
	Japanese Yen	2,806,371	Oct-07	(10,329)
	Norwegian Krone	716,364	Oct-07	(13,029)
				($53,338)

ForwardCommitments All Portfolios, with the exception of LifestylePortfolios, may purchase or sell debt securities on a when issued or forwarddelivery basis, which means that the obligations will be delivered to the Portfolios at a future date, which may be a month or more after the date of commitment. The price of the underlyingsecurities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated.

The Portfolio may receive compensation for interest forgone in the purchase of forwarddeliverysecurities. With respect to purchasecommitments, each Portfolioidentifiessecurities as segregated in its records with a value at least equal to the amount of the

commitment. Losses may arise due to changes in the value of the underlyingsecurities, or if the counterparty does not perform under the contract, or if the issuer does not issue the securities due to political,economic, or other factors. The value of the securitiesunderlying a forwardcommitment to purchasesecurities, and the subsequentfluctuations in their value, are taken into account when determining the Portfolio’s net asset value starting on the day the Portfolio agrees to purchase the securities. The market values of the securitiespurchased on a forwarddelivery basis are identified in the Portfolio of Investments.

2. INVESTMENTTRANSACTIONS

At September 30 2007, the Portfolio’saggregatesecurityunrealizedappreciation and depreciation based on cost for U.S. federal income tax purposes were as follows:

				Net Unrealized
		Unrealized	Unrealized	Appreciation/
Portfolio	Aggregate Cost	Appreciation	(Depreciation)	(Depreciation)
500 Index	$1,262,703,929	$417,310,569	($53,334,998)	$363,975,571
500 Index B	1,033,656,190	320,340,554	(41,329,679)	279,010,875
Active Bond	3,200,467,766	25,540,302	(47,747,353)	(22,207,051)
All Cap Core	814,982,720	41,932,014	(16,245,608)	25,686,406
All Cap Growth	316,796,010	83,044,222	(4,847,795)	78,196,427
All Cap Value	128,840,717	18,575,313	(2,117,541)	16,457,772
American Asset Allocation	301,357,980	5,274,174	-	5,274,174
American Blue Chip & Growth	159,494,817	35,778,269	-	35,778,269
American Bond	903,385,058	7,757,404	-	7,757,404
American Global Growth	119,782,961	3,826,729	-	3,826,729
American Global Small Cap	53,379,011	1,806,592	-	1,806,592
American Growth	1,450,434,120	410,325,833	-	410,325,833
American Growth-Income	1,234,302,755	267,737,693	-	267,737,693
American High-Income Bond	26,799,836	-	(221,721)	(221,721)

American International	923,206,620	331,871,019	-	331,871,019
American New World	38,858,821	2,035,451	-	2,035,451
Blue Chip Growth	2,379,662,605	805,517,759	(31,290,197)	774,227,562
Bond Index A	155,277,275	913,967	(632,183)	281,784
Bond Index B	168,132,160	2,295,772	(2,419,921)	(124,149)
Capital Appreciation	954,541,293	188,793,875	(15,264,472)	173,529,403
Classic Value	76,159,644	5,132,939	(3,761,187)	1,371,752
Core Bond	308,076,676	1,824,251	(1,156,038)	668,213
Core Equity	580,526,475	111,518,469	(39,430,021)	72,088,448
Dynamic Growth	113,279,195	39,396,019	(2,154,899)	37,241,120
Emerging Growth	36,808,758	4,276,876	(3,241,557)	1,035,319
Emerging Markets Value	464,995,945	71,892,162	(13,701,320)	58,190,842
Emerging Small Company	286,688,054	53,284,415	(14,635,213)	38,649,202
Equity Income	2,050,213,489	553,819,138	(70,729,077)	483,090,061
Financial Services	125,762,681	49,808,399	(865,207)	48,943,192
Fundamental Value	1,108,699,189	363,734,243	(17,256,891)	346,477,352
Founding Allocation	837,381,117	4,874,203	(2,185,519)	2,688,684
Global Allocation	305,317,304	37,443,973	(6,852,795)	30,591,178
Global Bond	1,852,010,356	52,070,621	(11,617,128)	40,453,493
Global Real Estate	532,160,127	58,130,592	(13,893,998)	44,236,594
Global	780,323,922	67,891,404	(24,356,212)	43,535,192
Growth & Income	1,841,647,606	283,162,263	(42,333,080)	240,829,183
Health Sciences	218,485,913	46,914,748	(10,474,464)	36,440,284
High Income	432,273,670	15,089,255	(17,418,006)	(2,328,751)

High Yield	2,133,326,940	29,461,858	(68,980,647)	(39,518,789)
Income	283,017,878	4,977,116	(3,849,957)	1,127,159
Income & Value	478,663,474	76,987,239	(14,563,654)	62,423,586
Index Allocation	287,889,587	17,316,933	(249,972)	17,066,961
International Equity Index B	527,752,109	168,755,172	(7,011,882)	161,743,289
International Equity A	368,759,687	102,044,560	(5,016,456)	97,028,103
International Opportunities	1,050,073,334	172,370,646	(9,737,027)	162,633,619
International Small Cap	477,563,126	186,713,960	(32,306,791)	154,407,169
International Small Company	248,788,868	44,244,711	(17,896,645)	26,348,066
International Core	1,853,205,595	370,479,676	(23,781,687)	346,697,989
International Value	1,851,753,303	388,900,461	(30,977,762)	357,922,700
Investment Quality Bond	444,198,852	6,616,557	(4,229,803)	2,386,753
Large Cap	701,293,124	55,313,688	(24,075,551)	31,238,137
Large Cap Value	559,809,845	85,724,516	(11,609,207)	74,115,309
Lifestyle Aggressive	546,644,860	71,518,346	(3,506,962)	68,011,384
Lifestyle Balanced	9,491,335,369	911,001,372	(8,296,738)	902,704,634
Lifestyle Conservative	858,787,948	25,594,313	(2,141,335)	23,452,978
Lifestyle Growth	12,504,910,671	1,311,663,491	(17,713,219)	1,293,950,273
Lifestyle Moderate	2,140,315,810	150,060,628	(4,109,706)	145,950,922
Managed	1,556,597,464	91,541,539	(53,559,209)	37,982,330
Mid Cap Index	966,428,784	145,408,103	(52,795,605)	92,612,498
Mid Cap Intersection	297,808,905	18,044,756	(16,269,749)	1,775,007
Mid Cap Stock	1,153,946,556	261,711,674	(13,872,178)	247,839,496

Mid Cap Value	513,359,993	87,748,986	(24,794,916)	62,954,070
Mid Cap Value Equity	129,971,970	22,586,546	(4,288,159)	18,298,387
Mutual Shares	280,271,868	9,015,241	(8,837,356)	177,885
Mid Value	203,774,519	23,357,562	(11,747,792)	11,609,770
Natural Resources	891,074,442	378,247,270	(4,336,372)	373,910,898
Overseas Equity	677,996,500	121,070,604	(17,499,432)	103,571,172
Pacific Rim	149,459,429	37,264,146	(5,793,007)	31,471,139
Quantitative All Cap	446,836,091	39,238,525	(10,290,734)	28,947,791
Quantitative Mid Cap	42,435,280	3,285,633	(1,418,620)	1,867,013
Quantitative Value	825,676,537	42,757,745	(26,706,000)	16,051,745
Real Estate Equity	280,995,083	17,448,385	(9,813,821)	7,634,564
Real Estate Securities	793,021,918	62,807,455	(25,064,872)	37,742,583
Real Return Bond	2,512,907,180	11,022,589	(3,918,810)	7,103,779
Science & Technology	371,999,116	76,720,717	(5,378,433)	71,342,284
Short Term Bond	275,337,019	1,786,661	(3,855,834)	(2,069,173)
Small Cap Growth	300,458,516	57,652,762	(8,723,404)	48,929,358
Small Cap Index	472,887,346	95,343,630	(35,669,453)	59,674,177
Small Cap Opportunities	422,116,467	91,338,166	(27,946,161)	63,392,005
Small Cap	162,308,597	21,756,814	(7,729,129)	14,027,686
Small Cap Intrinsic Value	154,206,472	9,774,903	(13,829,584)	(4,054,681)
Small Cap Value	439,025,925	54,607,890	(27,917,874)	26,690,016
Small Company Growth	268,862,268	32,866,361	(10,066,466)	22,799,895
Small Company	45,586,446	4,351,285	(2,605,321)	1,745,964

Small Company Value	551,050,007	225,227,804	(43,781,842)	181,445,962
Special Value	8,156,954	121,465	(617,130)	(495,665)
Spectrum Income	1,010,423,923	40,665,550	(11,636,487)	29,029,063
Strategic Bond	945,054,798	9,376,386	(16,807,132)	(7,430,746)
Strategic Income	461,944,980	19,230,492	(4,169,882)	15,060,610
Total Return	2,695,840,771	15,743,104	(20,714,157)	(4,971,053)
Total Stock Market Index	422,269,846	132,066,633	(13,890,533)	118,176,100
U.S. Core	813,168,782	84,752,634	(37,888,388)	46,864,246
U.S. Global Leaders Growth	780,222,741	79,933,396	(13,652,061)	66,281,335
U.S. Government Securities	605,112,350	1,036,602	(5,579,769)	(4,543,167)
U.S. High Yield Bond	433,647,384	3,131,396	(6,864,974)	(3,733,579)
U.S. Large Cap	900,875,032	162,365,976	(32,167,916)	130,198,060
U.S. Multi Sector	1,597,479,650	145,566,827	(75,292,904)	70,273,923
Utilities	223,436,168	44,814,267	(3,014,019)	41,800,248
Value	331,311,421	51,314,815	(12,562,116)	38,752,699
Value & Restructuring	377,506,706	86,736,705	(16,942,778)	69,793,926
Vista	115,551,669	41,112,427	(464,230)	40,648,197

3. INVESTMENT IN AFFILIATEDUNDERLYINGFUNDSFranklinTempletonFoundingAllocationPortfolio, Index AllocationPortfolio and the LifestylePortfolios invests primarily in affiliatedunderlying funds that are managed by affiliates of the Adviser. The Portfolios does not invest in the affiliatedunderlying funds for the purpose of exercisingmanagement or control;however, the Portfolio’sinvestment may represent a significant portion of each underlying fund’s net assets. A summary of the FranklinTempletonFoundingAllocationPortfolio, Index AllocationPortfolio and the LifestylePortfoliostransactions in the securities of affiliated issuers during the period ended September 30, 2007, is set forth below:

		Beginning			Ending
		Share	Shares		Share	Sale	Ending
Portfolio	Affiliate - Series Nav	Amount	Purchased	Shares Sold	Amount	Proceeds	Value
Franklin Templeton Founding Allocation
	Income Trust	-	22,036,135	-	22,036,135	-	$280,079,271
	Global Trust	-	14,141,175	-	14,141,175	-	279,995,265
	Mutual Shares Trust	-	22,838,113	-	22,838,113	-	279,995,265
Index Allocation
	500 Index Trust	3,151,810	5,021,631	11,768	8,161,673	$146,856	$106,509,828
	Bond Index Trust A	2,611,357	4,535,336	131,935	7,014,758	1,689,258	91,262,001
	International Equity Index Trust A	776,249	1,182,545	8,840	1,949,954	197,963	46,564,890
	Mid Cap Index	580,917	909,727	18	1,490,626	382	30,349,137
	Small Cap Index	644,893	1,223,668	-	1,868,561	-	30,270,691
Lifestyle Aggressive
	All Cap Growth	711,709	19,567	731,276	-	$13,768,137	-
	All Cap Value	976,712	114,722	192,805	898,629	2,550,342	$12,347,161
	Blue Chip Growth	1,644,680	135,344	384,792	1,395,232	7,851,094	30,834,631
	Capital Appreciation	2,802,257	988,567	721,649	3,069,175	6,791,291	30,875,903
	Core Equity	841,802	577,433	191,713	1,227,522	2,882,226	18,388,284
	Emerging Growth	999,722	374,846	319,823	1,054,745	3,628,022	12,245,593

Emerging Markets Value	-	1,507,515	242,503	1,265,012	3,422,924	18,734,834
Equity-Income	690,881	102,966	134,972	658,875	2,475,119	12,123,308
Fundamental Value	1,137,494	136,305	210,715	1,063,084	3,542,786	18,263,786
International Core	3,373,856	509,591	850,086	3,033,361	13,285,581	49,504,449
International Equity Index	904,620	152,444	490,290	566,774	10,232,227	12,599,396
International Opportunities	1,410,183	227,223	380,557	1,256,849	6,903,998	24,935,879
International Small Cap	793,501	217,909	378,937	632,473	9,133,773	15,350,122
International Small Company	1,453,952	122,220	535,019	1,041,153	7,762,617	15,315,363
International Value	2,316,997	554,913	536,364	2,335,546	9,951,985	43,230,951
Large Cap	813,979	106,529	161,269	759,239	2,549,818	12,071,907
Large Cap Value	275,912	25,395	45,655	255,652	1,076,180	6,148,425
Mid Cap Index	1,344,364	111,010	559,934	895,440	11,194,168	18,231,148
Mid Cap Intersection	-	2,146,337	160,685	1,985,652	1,997,921	24,423,524
Mid Cap Stock	747,068	146,943	209,717	684,294	3,566,455	12,474,673
Mid Cap Value	724,938	177,860	143,877	758,921	2,460,748	12,082,019
Mid Cap Value Equity	483,449	28,490	97,474	414,465	1,376,502	6,167,238
Natural Resources	1,006,514	490,385	854,571	642,328	28,494,101	24,806,695
Overseas Equity	895,731	104,695	189,589	810,837	2,792,989	12,551,764
Quantitative Mid Cap	1,171,772	131,833	1,303,605	-	13,980,189	-
Quantitative Value	1,253,526	194,732	218,708	1,229,550	3,230,316	18,234,226
Small Cap		148,386	674,897	813,916	9,777,504	12,233,160

		1,340,427
	Small Cap Index	747,691	142,016	144,956	744,751	2,400,431	12,064,965
	Small Cap Intrinsic Value	-	1,086,253	65,183	1,021,070	821,082	12,518,315
	Small Company	876,441	108,121	139,027	845,535	2,075,862	11,998,148
	Small Company Value	872,358	164,573	171,809	865,122	3,714,757	18,072,388
	Special Value	647,278	134,959	782,237	-	13,932,971	-
	U.S. Global Leaders Growth	481,564	569,216	164,223	886,557	2,174,601	12,225,619
	U.S. Large Cap	782,179	56,424	142,309	696,294	2,379,041	12,268,696
	U.S. Multi Sector	3,637,824	453,098	1,105,343	2,985,579	15,700,511	42,604,209
	Value & Restructuring	420,405	25,486	77,401	368,490	1,255,076	6,186,941
	Vista	892,645	52,067	285,620	659,092	4,675,201	12,542,524
Lifestyle Balanced
	Active Bond	17,089,831	4,667,893	726,510	21,031,214	$7,056,132	$204,633,710
	All Cap Core	8,669,203	1,485,497	150,662	10,004,038	3,145,130	208,884,323
	Blue Chip Growth	35,275,616	5,713,833	2,151,898	38,837,551	45,168,645	858,309,886
	Core Bond	13,335,508	3,598,057	638,969	16,294,596	7,988,549	205,800,746
	Core Equity	11,225,957	3,337,404	569,196	13,994,165	8,760,584	209,632,587
	Emerging Markets Value	-	14,769,431	269,398	14,500,033	3,895,372	214,745,492
	Equity-Income	13,834,491	3,573,242	307,190	17,100,543	5,724,512	314,650,000
	Fundamental Value		2,371,258	276,471		4,779,800	210,197,944

	10,140,250			12,235,037
Global Bond	17,016,803	4,890,658	1,025,730	20,881,731	15,263,915	315,314,136
Global Real Estate	17,120,834	6,300,880	1,372,983	22,048,731	21,338,753	317,501,722
High Income	11,886,796	3,115,327	283,757	14,718,366	4,030,663	204,585,293
High Yield	72,045,498	21,716,432	2,510,577	91,251,353	26,312,915	931,676,316
International Core	22,567,204	4,387,061	979,973	25,974,292	15,657,481	423,900,453
International Opportunities	9,581,823	1,887,516	536,994	10,932,345	9,855,319	216,897,724
International Small Cap	7,109,230	1,947,649	2,634,654	6,422,225	62,718,056	155,867,410
International Value	17,707,918	5,448,187	3,392,374	19,763,731	62,377,551	365,826,657
Large Cap	5,421,569	7,800,343	100,224	13,121,688	1,596,525	208,634,838
Large Cap Value	11,072,221	2,295,430	271,276	13,096,375	6,623,092	314,967,815
Mid Cap Index	-	5,115,679	139,628	4,976,051	2,940,741	101,312,404
Mid Cap Stock	4,971,158	1,252,185	524,560	5,698,783	8,880,553	103,888,815
Natural Resources	10,749,862	2,799,059	4,836,062	8,712,859	162,779,044	336,490,630
Quantitative Value	11,191,673	3,088,258	188,494	14,091,437	2,839,157	208,976,008
Real Estate Equity	10,684,556	1,472,367	2,379,786	9,777,137	39,235,032	134,044,545
Real Return Bond	32,847,067	8,940,909	2,660,104	39,127,872	34,554,938	516,487,909
Small Cap	5,931,266	774,535	6,705,801	-	97,433,360	-
Small Cap Opportunities	3,276,023	126,805	3,402,828	-	84,221,701	-
Small Company Growth	-	6,110,308	91,929		1,560,159	101,229,134

					6,018,379
	Small Company Value	3,861,078	1,117,690	176,356	4,802,412	3,881,166	100,322,388
	Spectrum Income	31,111,034	7,302,735	853,172	37,560,597	11,632,010	516,082,603
	Strategic Bond	14,113,491	4,065,005	371,821	17,806,675	4,348,272	204,420,626
	Strategic Income	12,781,688	2,419,894	395,239	14,806,343	5,331,699	205,956,226
	Total Return	30,709,204	8,538,151	2,084,982	37,162,373	28,512,239	515,813,739
	U.S. Global Leaders Growth	19,409,429	3,933,223	370,865	22,971,787	4,941,173	316,780,941
	U.S. High Yield Bond	12,517,193	3,317,674	416,360	15,418,507	5,568,512	204,449,404
	U.S. Large Cap	10,492,571	1,638,218	257,888	11,872,901	4,415,308	209,200,509
	U.S. Multi Sector	36,595,411	7,344,443	7,050,788	36,889,066	100,924,440	526,406,970
	Value & Restructuring	11,277,230	2,046,943	807,788	12,516,385	13,717,136	210,150,100
Lifestyle Conservative
	Active Bond	7,056,194	3,143,770	1,132,213	9,067,751	$11,034,085	$88,229,214
	Blue Chip Growth	730,089	515,959	384,421	861,627	7,953,773	19,041,954
	Core Bond	1,099,865	421,172	123,575	1,397,462	1,552,138	17,649,946
	Equity-Income	764,314	600,338	329,763	1,034,889	6,115,258	19,041,952
	Fundamental Value	841,754	638,944	372,320	1,108,378	6,346,811	19,041,932
	Global Bond	3,744,348	1,699,031	775,912	4,667,467	11,461,166	70,478,757
	Global Real Estate	1,388,847	1,298,694	849,183	1,838,358	12,699,869	26,472,354
	High Income		513,954	225,436		3,192,934	17,649,946

		981,262			1,269,780
	High Yield	2,631,076	1,301,077	475,271	3,456,882	4,936,997	35,294,762
	International Core	924,485	642,296	485,289	1,081,492	7,626,108	17,649,946
	International Value	1,087,316	936,249	593,400	1,430,165	11,038,660	26,472,353
	Investment Quality Bond	2,993,479	1,250,844	398,013	3,846,310	4,564,127	44,117,172
	Real Estate Equity	859,174	121,362	201,186	779,350	3,262,444	10,684,883
	Real Return Bond	2,160,856	815,700	302,710	2,673,846	3,932,028	35,294,761
	Spectrum Income	5,631,304	2,024,759	2,518,916	5,137,147	34,216,947	70,584,395
	Strategic Bond	1,163,705	2,157,183	246,431	3,074,457	2,836,130	35,294,762
	Strategic Income	1,581,448	1,213,051	257,133	2,537,366	3,489,445	35,294,762
	Total Return	8,092,766	3,539,709	1,462,183	10,170,292	19,990,964	141,163,657
	U.S. Government Securities	5,689,712	2,632,245	958,560	7,363,397	12,691,101	97,049,567
	U.S. High Yield Bond	1,032,252	436,819	138,004	1,331,067	1,845,810	17,649,946
					1,334,404
	U.S. Multi Sector	1,009,321	752,586	427,503		6,117,317	19,041,952
	Value & Restructuring	933,557	766,807	566,239	1,134,125	9,258,417	19,041,953
Lifestyle Growth
	All Cap Core	10,933,057	9,011,356	188,632	19,755,781	$3,870,157	$412,500,709
	All Cap Growth	5,994,468	799,334	81,627	6,712,175	1,565,604	137,062,612
	All Cap Value	16,515,732	2,576,155	19,091,887	-	247,823,445	-
	Blue Chip Growth	22,206,965	3,618,328	769,611	25,055,682	15,928,885	553,730,562

Capital Appreciation	47,336,569	8,596,508	756,533	55,176,544	7,151,829	555,076,032
Core Equity	14,154,527	4,901,902	771,552	18,284,877	11,838,003	273,907,460
Emerging Markets Value	-	19,332,518	118,783	19,213,735	1,718,549	284,555,411
Equity-Income	17,430,295	5,414,574	439,654	22,405,215	8,105,977	412,255,957
Fundamental Value	19,202,270	5,373,809	447,680	24,128,399	7,636,136	414,525,900
Global Bond	14,331,027	5,165,722	1,097,518	18,399,231	16,253,418	277,828,389
Global Real Estate	7,187,888	2,762,801	369,610	9,581,079	5,763,209	137,967,533
High Income	7,497,253	2,437,103	263,813	9,670,543	3,738,017	134,420,542
High Yield	50,379,345	19,472,211	2,741,080	67,110,476	28,818,934	685,197,957
International Core	42,531,165	10,974,880	1,895,415	51,610,630	29,830,709	842,285,486
International Opportunities	23,950,298	6,657,790	1,139,206	29,468,882	20,764,722	584,662,615
International Small Cap	8,913,072	2,779,449	3,155,434	8,537,087	74,936,259	207,195,108
International Small Company	16,257,949	1,910,292	4,147,737	14,020,504	61,932,132	206,241,612
International Value	22,263,071	8,567,727	805,209	30,025,589	14,955,283	555,773,644
Large Cap	6,821,902	1,842,481	149,144	8,515,239	2,384,288	135,392,306
Large Cap Value	4,633,718	1,062,947	50,539	5,646,126	1,211,974	135,789,338
Mid Cap Index	28,338,788	3,418,118	18,321,578	13,435,328	368,674,910	273,543,284
Mid Cap Intersection	-	22,447,535	204,651	22,242,884	2,654,619	273,587,473
Mid Cap Stock	6,258,904	9,715,578	678,840	15,295,642	11,625,105	278,839,547
Mid Cap Value	-	8,524,543	51,059		855,965	134,897,857

				8,473,484
Mid Cap Value Equity	8,123,972	1,254,665	269,909	9,108,728	3,951,198	135,537,880
Natural Resources	13,537,677	4,109,003	6,166,839	11,479,841	208,441,210	443,351,441
Overseas Equity	15,007,453	3,465,733	419,472	18,053,714	6,265,147	279,471,494
Quantitative Value	21,117,355	16,407,308	368,737	37,155,926	5,467,607	551,022,383
Real Estate Equity	6,656,741	987,571	62,255	7,582,057	980,248	103,950,003
Real Return Bond	24,843,969	8,615,540	2,424,371	31,035,138	31,527,950	409,663,826
Small Cap	7,501,849	1,777,788	295,925	8,983,712	4,344,150	135,025,188
Small Cap Index	6,278,139	1,255,767	7,533,906	-	125,298,155	-
Small Cap Intrinsic Value	-	11,385,706	92,957	11,292,749	1,192,682	138,449,103
Small Cap Opportunities	7,820,065	4,070,728	332,678	11,558,115	8,183,603	274,158,485
Small Company Growth	7,025,763	1,307,484	304,877	8,028,370	5,039,436	135,037,177
Small Company Value	4,868,251	1,672,018	114,514	6,425,755	2,513,465	134,234,032
Special Value	5,424,768	1,573,309	6,998,077	-	123,524,358	-
Spectrum Income	15,665,770	4,805,269	716,584	19,754,455	9,759,342	271,426,211
Strategic Bond	8,890,918	3,223,656	376,995	11,737,579	4,432,835	134,747,402
Strategic Income	8,055,865	2,073,178	368,118	9,760,925	4,956,268	135,774,460
Total Return	30,989,992	12,357,985	3,935,501	39,412,476	53,747,193	547,045,172
U.S. Global Leaders Growth	24,477,040	5,906,690	472,396	29,911,334	6,243,026	412,477,290
U.S. High Yield Bond	7,893,026	2,654,355	429,542	10,117,839	5,764,878	134,162,548

	U.S. Large Cap	13,237,665	2,493,040	199,877	15,530,828	3,379,190	273,653,186
	U.S. Multi Sector	53,780,235	14,750,019	773,007	67,757,247	11,002,223	966,895,916
	Value & Restructuring	7,094,198	1,269,462	242,241	8,121,419	4,084,449	136,358,622
	Vista	7,500,088	552,559	738,838	7,313,809	12,683,040	139,181,791
Lifestyle
Moderate
	Active Bond	15,431,743	4,020,173	730,783	18,721,133	$7,138,096	$182,156,622
	Blue Chip Growth	4,975,678	1,195,096	759,940	5,410,834	15,866,605	119,579,422
	Core Bond	3,004,079	653,904	94,610	3,563,373	1,178,750	45,005,395
	Core Equity	5,074,473	1,869,642	562,248	6,381,867	8,602,798	95,600,362
	Equity-Income	2,083,860	647,248	174,705	2,556,403	3,258,535	47,037,809
	Fundamental Value	4,577,799	1,358,593	409,043	5,527,349	7,049,294	94,959,850
	Global Bond	7,680,739	1,977,374	629,035	9,029,078	9,335,250	136,339,083
	Global Real Estate	2,563,146	1,025,753	337,517	3,251,382	5,228,289	46,819,899
	High Income	4,031,083	975,738	127,379	4,879,442	1,818,501	67,824,250
	High Yield	10,808,665	2,905,287	340,000	13,373,952	3,520,669	136,548,047
	International Core	6,356,368	1,766,730	988,792	7,134,306	15,658,509	116,431,878
	International Equity Index	914,741	251,771	115,130	1,051,382	2,455,320	23,372,221
	International Opportunities	1,082,429	249,154	127,436	1,204,147	2,330,985	23,890,280
	International Value	3,004,552	1,130,927	365,483	3,769,996	6,802,686	69,782,620

Investment Quality Bond	3,265,296	745,121	94,290	3,916,127	1,073,635	44,917,976
Mid Cap Index	-	1,116,445	4,758	1,111,687	96,699	22,633,947
Overseas Equity	1,347,997	270,905	114,914	1,503,988	1,734,622	23,281,731
Real Estate Equity	2,372,999	297,923	521,196	2,149,726	8,616,695	29,472,742
Real Return Bond	5,893,086	1,357,992	339,505	6,911,573	4,407,708	91,232,767
Small Cap	1,344,992	176,173	1,521,165	-	22,083,578	-
Small Company	2,635,059	496,538	1,536,925	1,594,672	23,625,407	22,628,390
Small Company Growth	-	1,406,659	50,719	1,355,940	856,841	22,806,907
Small Company Value	875,327	287,711	82,703	1,080,335	1,818,571	22,568,208
Spectrum Income	11,211,578	2,373,343	327,527	13,257,394	4,448,591	182,156,589
Strategic Bond	3,184,673	2,817,102	92,037	5,909,738	1,054,618	67,843,788
Strategic Income	2,883,954	2,101,048	99,808	4,885,194	1,352,013	67,953,045
Total Return	16,607,615	4,416,507	1,311,782	19,712,340	17,911,434	273,607,281
U.S. Government Securities	2,821,857	388,718	3,210,575	-	42,193,779	-
U.S. High Yield Bond	4,241,158	1,002,545	127,284	5,116,419	1,691,502	67,843,716
U.S. Multi Sector	5,507,708	1,543,275	439,027	6,611,956	6,364,227	94,352,611
Value & Restructuring	2,554,579	643,332	361,741	2,836,170	6,081,731	47,619,296

JHT has ten master-feeder funds which invest exclusively in Class 2 shares of the American Asset Allocation Fund, the American Blue Chip Income and Growth Fund, the American Bond Fund, the American Global Growth, the American Global Small Capitalization, the American Growth Fund, the American Growth-Income Fund, the American High Income Fund, the American International and the American New World, each of which are series of American Fund Insurance Series (“AFIS”). Form N-Q for the period ended September 30, 2007 for the AFIS master funds was filed under CIK number 0000729528, file # 811-03857 on or before November 29, 2007.

Item 2. Controls and Procedures.

(a)The Registrant’s principal executive and principal financial officers have concluded, based upon their evaluation of the Registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant’s disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on form N-Q is accumulated and communicated to the Registrant’s management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b)There were no changes to the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.