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: 617-663-2168
Date of fiscal year end: December 31
Date of reporting period: March 31, 2008

Item 1. Schedule of Investments.

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited)
(showing percentage of total net assets)

500 Index Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.51%
Advertising - 0.18%
Interpublic Group of Companies, Inc. *	74,264	$	624,560
Monster Worldwide, Inc. *	19,786		479,019
Omnicom Group, Inc.	50,534		2,232,592
			3,336,171
Aerospace - 2.24%
Boeing Company	120,555		8,965,675
General Dynamics Corp.	63,400		5,285,658
Goodrich Corp.	19,715		1,133,810
Lockheed Martin Corp.	54,037		5,365,874
Northrop Grumman Corp.	53,264		4,144,472
Raytheon Company	67,222		4,343,213
Rockwell Collins, Inc.	25,597		1,462,869
United Technologies Corp.	154,709		10,647,073
			41,348,644
Agriculture - 0.75%
Archer-Daniels-Midland Company	101,442		4,175,353
Monsanto Company	86,376		9,630,924
			13,806,277
Air Travel - 0.08%
Southwest Airlines Company	115,958		1,437,879
Aluminum - 0.25%
Alcoa, Inc.	128,363		4,628,770
Apparel & Textiles - 0.46%
Cintas Corp.	20,590		587,639
Coach, Inc. *	55,469		1,672,390
Jones Apparel Group, Inc.	13,647		183,143
Liz Claiborne, Inc.	15,577		282,722
NIKE, Inc., Class B	60,352		4,103,936
Polo Ralph Lauren Corp., Class A	9,282		541,048
VF Corp.	13,826		1,071,653
			8,442,531
Auto Parts - 0.27%
AutoZone, Inc. *	6,776		771,312
Genuine Parts Company	26,056		1,047,972
Johnson Controls, Inc.	93,592		3,163,410
			4,982,694
Auto Services - 0.02%
AutoNation, Inc. *	21,281		318,577
Automobiles - 0.34%
Ford Motor Company * (a)	347,873		1,989,834
General Motors Corp. (a)	89,224		1,699,717
PACCAR, Inc.	57,796		2,600,820
			6,290,371
Banking - 3.94%
Bank of America Corp.	700,195		26,544,392
Bank of New York Mellon Corp.	179,905		7,507,436
BB&T Corp.	86,096		2,760,238
Comerica, Inc.	23,724		832,238
Fifth Third Bancorp	83,981		1,756,882
First Horizon National Corp. (a)	19,927		279,177
Hudson City Bancorp, Inc.	81,707		1,444,580
Huntington BancShares, Inc.	57,728		620,576

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
KeyCorp	62,854	$	1,379,645
M&T Bank Corp.	12,137		976,786
Marshall & Ilsley Corp.	41,263		957,302
National City Corp.	99,924		994,244
Northern Trust Corp.	30,252		2,010,850
Regions Financial Corp.	109,327		2,159,208
Sovereign Bancorp, Inc.	56,954		530,811
SunTrust Banks, Inc.	55,299		3,049,187
Toronto-Dominion Bank *	12,720		780,377
U.S. Bancorp	272,647		8,822,857
Wachovia Corp.	312,405		8,434,935
Zions Bancorp	16,916		770,524
			72,612,245
Biotechnology - 0.80%
Amgen, Inc. *	171,435		7,162,554
Applera Corp.	26,335		865,368
Biogen Idec, Inc. *	46,932		2,895,235
Genzyme Corp. *	42,184		3,144,396
Millipore Corp. *	8,674		584,714
			14,652,267
Broadcasting - 0.62%
CBS Corp., Class B	107,265		2,368,411
Clear Channel Communications, Inc.	78,477		2,293,098
News Corp., Class A	362,667		6,800,006
			11,461,515
Building Materials & Construction - 0.06%
Masco Corp.	57,485		1,139,928
Business Services - 1.09%
Affiliated Computer Services, Inc., Class A *	15,128		758,064
Automatic Data Processing, Inc.	82,392		3,492,597
Computer Sciences Corp. *	25,793		1,052,097
Convergys Corp. *	19,980		300,899
Electronic Data Systems Corp.	80,184		1,335,064
Equifax, Inc.	20,435		704,599
Fiserv, Inc. *	25,916		1,246,300
Fluor Corp.	13,964		1,971,158
H & R Block, Inc.	51,286		1,064,697
Jacobs Engineering Group, Inc. *	19,126		1,407,482
Moody's Corp. (a)	32,419		1,129,154
Paychex, Inc.	51,018		1,747,877
Pitney Bowes, Inc.	33,272		1,165,185
R.R. Donnelley & Sons Company	33,867		1,026,509
Robert Half International, Inc.	25,035		644,401
Total Systems Services, Inc.	31,343		741,575
Unisys Corp. *	55,705		246,773
			20,034,431
Cable & Television - 1.33%
Comcast Corp., Class A	474,607		9,178,899
DIRECTV Group, Inc. *	112,306		2,784,066
E.W. Scripps Company, Class A (a)	14,112		592,845
Time Warner, Inc.	563,709		7,903,200
Viacom, Inc., Class B *	101,017		4,002,294
			24,461,304

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

1

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cellular Communications - 0.18%
Motorola, Inc.	355,405	$	3,305,267
Chemicals - 1.34%
Air Products & Chemicals, Inc.	33,802		3,109,784
Ashland, Inc.	8,824		417,375
Dow Chemical Company	148,103		5,457,596
E.I. Du Pont de Nemours & Company	141,757		6,628,557
Eastman Chemical Company	12,571		785,059
Hercules, Inc.	17,889		327,190
PPG Industries, Inc.	25,822		1,562,489
Praxair, Inc.	49,376		4,158,940
Rohm & Haas Company	19,760		1,068,621
Sigma-Aldrich Corp.	20,395		1,216,562
			24,732,173
Coal - 0.23%
CONSOL Energy, Inc.	28,767		1,990,389
Peabody Energy Corp.	42,717		2,178,567
			4,168,956
Commercial Services - 0.03%
CB Richard Ellis Group, Inc. *	27,390		592,720
Computer Services - 0.06%
NetApp, Inc. *	54,147		1,085,647
Computers & Business Equipment - 5.75%
Apple, Inc. *	138,531		19,879,198
Cisco Systems, Inc. *	939,587		22,634,651
Cognizant Technology Solutions Corp.,
Class A *	45,465		1,310,756
Dell, Inc. *	353,230		7,036,342
EMC Corp. *	331,097		4,747,931
Hewlett-Packard Company	388,587		17,742,882
International Business Machines Corp.	218,202		25,123,778
Juniper Networks, Inc. *	82,528		2,063,200
Lexmark International, Inc. *	14,968		459,817
SanDisk Corp. *	36,109		814,980
Sun Microsystems, Inc. *	124,959		1,940,613
Xerox Corp.	144,748		2,166,878
			105,921,026
Construction & Mining Equipment - 0.22%
National Oilwell Varco, Inc. *	56,270		3,285,043
Rowan Companies, Inc.	17,545		722,503
			4,007,546
Construction Materials - 0.17%
Sherwin-Williams Company	16,066		820,008
Trane, Inc.	27,392		1,257,293
Vulcan Materials Company	17,082		1,134,245
			3,211,546
Containers & Glass - 0.12%
Ball Corp.	15,376		706,374
Bemis Company, Inc.	15,739		400,243
Pactiv Corp. *	20,554		538,720
Sealed Air Corp.	25,473		643,193
			2,288,530
Cosmetics & Toiletries - 2.64%
Avon Products, Inc.	67,268		2,659,777

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cosmetics & Toiletries (continued)
Colgate-Palmolive Company	80,359	$	6,260,770
Estee Lauder Companies, Inc., Class A	17,989		824,795
International Flavors & Fragrances, Inc.	12,735		560,977
Kimberly-Clark Corp.	66,252		4,276,566
Procter & Gamble Company	485,083		33,989,766
			48,572,651
Crude Petroleum & Natural Gas - 2.61%
Apache Corp.	52,487		6,341,479
Chesapeake Energy Corp.	72,107		3,327,738
Devon Energy Corp.	70,046		7,307,899
EOG Resources, Inc.	38,936		4,672,320
Hess Corp.	43,964		3,876,746
Marathon Oil Corp.	111,750		5,095,800
Noble Energy, Inc.	27,085		1,971,788
Occidental Petroleum Corp.	129,655		9,486,856
Sunoco, Inc.	18,538		972,689
XTO Energy, Inc.	80,439		4,975,957
			48,029,272
Domestic Oil - 0.08%
Range Resources Corp.	23,628		1,499,197
Drugs & Health Care - 0.48%
Wyeth	210,894		8,806,933
Educational Services - 0.05%
Apollo Group, Inc., Class A *	21,651		935,323
Electrical Equipment - 0.44%
Cooper Industries, Ltd., Class A	27,782		1,115,447
Emerson Electric Company	124,085		6,385,414
Molex, Inc.	22,166		513,365
			8,014,226
Electrical Utilities - 3.01%
AES Corp. *	105,490		1,758,518
Allegheny Energy, Inc.	26,358		1,331,079
Ameren Corp.	32,900		1,448,916
American Electric Power Company, Inc.	63,116		2,627,519
CenterPoint Energy, Inc. (a)	51,597		736,289
CMS Energy Corp.	35,493		480,575
Consolidated Edison, Inc. (a)	42,895		1,702,932
Constellation Energy Group, Inc.	28,045		2,475,532
Dominion Resources, Inc. (a)	90,608		3,700,431
DTE Energy Company	25,729		1,000,601
Dynegy, Inc., Class A *	78,162		616,698
Edison International	51,355		2,517,422
Entergy Corp.	30,133		3,286,908
Exelon Corp.	104,223		8,470,203
FirstEnergy Corp.	48,049		3,297,122
FPL Group, Inc.	64,211		4,028,598
Integrys Energy Group, Inc.	12,046		561,826
Pepco Holdings, Inc.	31,699		783,599
PG&E Corp.	56,074		2,064,645
Pinnacle West Capital Corp.	15,841		555,702
PPL Corp.	58,852		2,702,484
Public Service Enterprise Group, Inc.	80,144		3,220,987
Teco Energy, Inc.	33,245		530,258
The Southern Company	120,536		4,292,287

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

2

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
Xcel Energy, Inc.	67,643	$	1,349,478
			55,540,609
Electronics - 0.59%
Agilent Technologies, Inc. *	57,539		1,716,388
Harman International Industries, Inc.	9,532		415,023
Jabil Circuit, Inc.	32,797		310,260
L-3 Communications Holdings, Inc.	19,293		2,109,497
Thermo Fisher Scientific, Inc. *	65,981		3,750,360
Tyco Electronics, Ltd.	76,828		2,636,737
			10,938,265
Energy - 0.40%
Duke Energy Corp.	199,056		3,553,150
Progress Energy, Inc.	40,998		1,709,616
Sempra Energy	41,188		2,194,497
			7,457,263
Financial Services - 7.57%
American Capital Strategies, Ltd.	30,751		1,050,454
American Express Company	182,226		7,966,921
Ameriprise Financial, Inc.	35,774		1,854,882
Bear Stearns Companies, Inc.	18,614		195,261
Capital One Financial Corp.	58,791		2,893,693
Charles Schwab Corp.	147,995		2,786,746
CIT Group, Inc.	30,142		357,183
Citigroup, Inc.	820,633		17,577,959
CME Group, Inc.	8,404		3,942,316
Countrywide Financial Corp. (a)	91,545		503,497
Discover Financial Services	75,521		1,236,279
E*TRADE Financial Corp. *	72,821		281,089
Federal Home Loan Mortgage Corp.	101,834		2,578,437
Federal National Mortgage Association	154,200		4,058,544
Federated Investors, Inc., Class B	13,632		533,829
Fidelity National Information Services, Inc.	26,976		1,028,865
Franklin Resources, Inc.	24,788		2,404,188
Goldman Sachs Group, Inc.	62,269		10,298,670
IntercontinentalExchange, Inc. *	11,055		1,442,677
Janus Capital Group, Inc.	23,284		541,819
JP Morgan Chase & Company	535,371		22,994,184
Legg Mason, Inc.	21,251		1,189,631
Lehman Brothers Holdings, Inc.	83,633		3,147,946
Leucadia National Corp.	26,663		1,205,701
Merrill Lynch & Company, Inc.	153,138		6,238,842
Morgan Stanley	174,108		7,956,736
NYSE Euronext	41,770		2,577,627
PNC Financial Services Group, Inc.	53,714		3,522,027
SLM Corp. *	73,542		1,128,870
State Street Corp.	61,070		4,824,530
T. Rowe Price Group, Inc.	41,574		2,078,700
Washington Mutual, Inc.	139,111		1,432,843
Wells Fargo & Company	519,651		15,121,844
Western Union Company	118,161		2,513,284
			139,466,074
Food & Beverages - 3.63%
Campbell Soup Company	34,702		1,178,133
Coca-Cola Enterprises, Inc.	45,326		1,096,889

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages (continued)
ConAgra Foods, Inc.	76,855	$	1,840,677
Dean Foods Company *	23,857		479,287
General Mills, Inc.	53,082		3,178,550
H.J. Heinz Company	49,675		2,333,235
Hershey Company	26,514		998,782
Kellogg Company	41,076		2,158,954
Kraft Foods, Inc., Class A	241,685		7,494,652
McCormick & Company, Inc.	20,170		745,685
Pepsi Bottling Group, Inc.	21,625		733,304
PepsiCo, Inc.	252,478		18,228,912
Sara Lee Corp.	112,255		1,569,325
Sysco Corp.	95,138		2,760,905
The Coca-Cola Company	315,032		19,175,998
Tyson Foods, Inc., Class A	43,153		688,290
William Wrigley, Jr. Company	34,109		2,143,410
			66,804,988
Forest Products - 0.12%
Weyerhaeuser Company	33,030		2,148,271
Furniture & Fixtures - 0.02%
Leggett & Platt, Inc.	26,418		402,875
Gas & Pipeline Utilities - 0.89%
El Paso Corp.	110,459		1,838,038
Nicor, Inc. (a)	7,066		236,781
NiSource, Inc.	43,213		744,992
Questar Corp.	27,237		1,540,525
Spectra Energy Corp.	99,702		2,268,220
Transocean, Inc. *	50,084		6,771,357
Williams Companies, Inc.	92,212		3,041,152
			16,441,065
Healthcare Products - 3.46%
Baxter International, Inc.	100,000		5,782,000
Becton, Dickinson & Company	38,469		3,302,564
Boston Scientific Corp. *	211,701		2,724,592
C.R. Bard, Inc.	15,815		1,524,566
Covidien, Ltd.	78,614		3,478,669
Johnson & Johnson	446,482		28,963,287
Medtronic, Inc.	177,041		8,563,473
Patterson Companies, Inc. *	20,388		740,084
St. Jude Medical, Inc. *	54,225		2,341,978
Stryker Corp.	37,591		2,445,295
Varian Medical Systems, Inc. *	19,809		927,854
Zimmer Holdings, Inc. *	36,754		2,861,666
			63,656,028
Healthcare Services - 1.48%
Cardinal Health, Inc.	56,207		2,951,430
Coventry Health Care, Inc. *	24,385		983,935
Express Scripts, Inc. *	39,848		2,563,023
Humana, Inc. *	26,823		1,203,280
IMS Health, Inc.	28,899		607,168
Laboratory Corp. of America Holdings *	17,417		1,283,284
McKesson Corp.	45,614		2,388,805
Medco Health Solutions, Inc. *	82,582		3,616,266
Quest Diagnostics, Inc.	24,788		1,122,153
UnitedHealth Group, Inc.	197,246		6,777,372

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

3

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services (continued)
WellPoint, Inc. *	85,422	$	3,769,673
			27,266,389
Holdings Companies/Conglomerates - 3.43%
General Electric Company	1,573,966		58,252,482
Loews Corp.	69,298		2,787,165
Textron, Inc.	39,199		2,172,409
			63,212,056
Homebuilders - 0.13%
Centex Corp.	19,291		467,035
D.R. Horton, Inc.	43,190		680,243
KB Home (a)	12,061		298,269
Lennar Corp., Class A (a)	21,824		410,509
Pulte Homes, Inc.	33,691		490,204
			2,346,260
Hotels & Restaurants - 1.07%
Darden Restaurants, Inc.	22,584		735,109
Marriott International, Inc., Class A	47,434		1,629,832
McDonald's Corp.	181,525		10,123,649
Starbucks Corp. *	115,127		2,014,722
Starwood Hotels & Resorts Worldwide, Inc.	29,678		1,535,837
Wendy's International, Inc.	13,777		317,698
Wyndham Worldwide Corp.	27,860		576,145
Yum! Brands, Inc.	74,949		2,788,852
			19,721,844
Household Appliances - 0.09%
Black & Decker Corp.	9,603		634,758
Whirlpool Corp.	11,919		1,034,331
			1,669,089
Household Products - 0.21%
Clorox Company	21,887		1,239,680
Fortune Brands, Inc.	24,281		1,687,529
Newell Rubbermaid, Inc.	43,614		997,452
			3,924,661
Industrial Machinery - 1.41%
Cameron International Corp. *	34,410		1,432,832
Caterpillar, Inc.	98,354		7,700,135
Cummins, Inc.	31,870		1,492,153
Deere & Company	68,729		5,528,561
Dover Corp.	30,252		1,263,929
Ingersoll-Rand Company, Ltd., Class A	42,975		1,915,826
ITT Corp.	28,619		1,482,750
Pall Corp.	19,324		677,693
Parker-Hannifin Corp.	26,559		1,839,742
Terex Corp. *	16,014		1,000,875
The Manitowoc Company, Inc.	20,469		835,135
W.W. Grainger, Inc.	10,580		808,206
			25,977,837
Insurance - 4.11%
ACE, Ltd.	51,998		2,863,010
Aetna, Inc.	78,275		3,294,595
AFLAC, Inc.	74,832		4,860,338
Allstate Corp.	88,335		4,245,380
Ambac Financial Group, Inc.	44,901		258,181

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
American International Group, Inc.	397,577	$	17,195,205
Aon Corp.	48,158		1,935,952
Assurant, Inc.	15,079		917,708
Chubb Corp.	58,360		2,887,653
CIGNA Corp.	44,148		1,791,084
Cincinnati Financial Corp.	26,081		992,121
Genworth Financial, Inc., Class A	68,194		1,543,912
Hartford Financial Services Group, Inc.	49,495		3,750,236
Lincoln National Corp.	41,702		2,168,504
Marsh & McLennan Companies, Inc.	82,125		1,999,744
MBIA, Inc. (a)	33,126		404,800
MetLife, Inc.	111,781		6,735,923
MGIC Investment Corp. (a)	18,579		195,637
Principal Financial Group, Inc.	40,723		2,269,085
Progressive Corp.	106,926		1,718,301
Prudential Financial, Inc.	70,300		5,500,975
SAFECO Corp.	14,145		620,683
The Travelers Companies, Inc.	97,778		4,678,677
Torchmark Corp.	14,339		861,917
UnumProvident Corp.	54,686		1,203,639
XL Capital, Ltd., Class A	28,042		828,641
			75,721,901
International Oil - 7.20%
Anadarko Petroleum Corp.	73,778		4,650,227
Chevron Corp.	327,332		27,941,060
ConocoPhillips	246,129		18,757,491
Exxon Mobil Corp.	843,285		71,325,045
Murphy Oil Corp.	29,906		2,456,479
Nabors Industries, Ltd. *	44,241		1,494,019
Noble Corp.	42,345		2,103,276
Weatherford International, Ltd. *	53,469		3,874,898
			132,602,495
Internet Content - 1.21%
Google, Inc., Class A *	36,553		16,100,500
Yahoo!, Inc. *	210,767		6,097,489
			22,197,989
Internet Retail - 0.54%
Amazon.com, Inc. *	48,618		3,466,463
eBay, Inc. *	175,824		5,246,588
Expedia, Inc. *	32,862		719,349
IAC/InterActiveCorp. *	28,481		591,266
			10,023,666
Internet Software - 0.22%
Akamai Technologies, Inc. *	26,343		741,819
Symantec Corp. *	133,416		2,217,374
VeriSign, Inc. *	33,635		1,118,027
			4,077,220
Leisure Time - 0.91%
Brunswick Corp.	13,769		219,891
Carnival Corp. (a)	68,808		2,785,348
Electronic Arts, Inc. *	49,932		2,492,605
International Game Technology	49,304		1,982,514
Walt Disney Company	296,804		9,313,710
			16,794,068

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

4

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Life Sciences - 0.07%
PerkinElmer, Inc.	18,561	$	450,104
Waters Corp. *	15,725		875,883
			1,325,987
Liquor - 0.43%
Anheuser-Busch Companies, Inc.	112,723		5,348,706
Brown Forman Corp., Class B	13,295		880,395
Constellation Brands, Inc., Class A *	30,589		540,508
Molson Coors Brewing Company, Class B	21,681		1,139,770
			7,909,379
Manufacturing - 1.66%
3M Company	111,544		8,828,708
Danaher Corp.	40,137		3,051,616
Eaton Corp.	23,092		1,839,740
Harley-Davidson, Inc.	37,593		1,409,737
Honeywell International, Inc.	117,332		6,619,871
Illinois Tool Works, Inc.	63,121		3,044,326
Rockwell Automation, Inc.	23,366		1,341,676
Snap-on, Inc.	9,093		462,379
Stanley Works	12,338		587,536
Tyco International, Ltd.	76,441		3,367,226
			30,552,815
Medical-Hospitals - 0.02%
Tenet Healthcare Corp. *	74,775		423,227
Metal & Metal Products - 0.13%
Precision Castparts Corp.	21,899		2,235,450
Titanium Metals Corp. (a)	15,583		234,524
			2,469,974
Mining - 0.49%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	60,333		5,805,241
Newmont Mining Corp.	71,449		3,236,640
			9,041,881
Office Furnishings & Supplies - 0.08%
Avery Dennison Corp.	16,784		826,612
Office Depot, Inc. *	43,026		475,437
OfficeMax, Inc.	11,964		228,991
			1,531,040
Paper - 0.20%
International Paper Company	67,425		1,833,960
MeadWestvaco Corp.	27,403		745,910
Plum Creek Timber Company, Inc.	26,975		1,097,882
			3,677,752
Petroleum Services - 1.89%
Baker Hughes, Inc.	48,768		3,340,608
BJ Services Company	46,174		1,316,421
ENSCO International, Inc.	22,684		1,420,472
Halliburton Company	138,733		5,456,369
Schlumberger, Ltd.	188,786		16,424,382
Smith International, Inc.	31,652		2,033,008
Tesoro Corp.	21,689		650,670
Valero Energy Corp.	84,273		4,138,647
			34,780,577

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals - 4.77%
Abbott Laboratories	243,643	$	13,436,911
Allergan, Inc.	48,221		2,719,182
AmerisourceBergen Corp.	25,630		1,050,317
Barr Pharmaceuticals, Inc. *	17,009		821,705
Bristol-Myers Squibb Company	311,996		6,645,515
Celgene Corp. *	68,577		4,203,084
Eli Lilly & Company	155,917		8,043,758
Forest Laboratories, Inc. *	49,080		1,963,691
Gilead Sciences, Inc. *	146,411		7,544,559
Hospira, Inc. *	25,013		1,069,806
King Pharmaceuticals, Inc. *	38,783		337,412
Merck & Company, Inc.	341,298		12,952,259
Mylan, Inc. * (a)	47,976		556,522
Pfizer, Inc.	1,065,684		22,304,766
Schering-Plough Corp.	255,506		3,681,842
Watson Pharmaceuticals, Inc. *	16,339		479,060
			87,810,389
Photography - 0.04%
Eastman Kodak Company (a)	45,418		802,536
Publishing - 0.23%
Gannett Company, Inc.	36,222		1,052,249
McGraw-Hill Companies, Inc.	50,878		1,879,942
Meredith Corp.	5,943		227,320
The New York Times Company, Class A (a)	22,662		427,859
Washington Post Company, Class B	915		605,272
			4,192,642
Railroads & Equipment - 0.88%
Burlington Northern Santa Fe Corp.	46,667		4,303,631
CSX Corp.	63,579		3,564,874
Norfolk Southern Corp.	59,319		3,222,208
Union Pacific Corp.	41,092		5,152,115
			16,242,828
Real Estate - 1.13%
Apartment Investment & Management
Company, Class A, REIT	14,460		517,813
Avalon Bay Communities, Inc., REIT	12,113		1,169,147
Boston Properties, Inc., REIT	18,834		1,734,046
Developers Diversified Realty Corp., REIT	18,828		788,517
Equity Residential, REIT	42,502		1,763,408
General Growth Properties, Inc., REIT	41,653		1,589,895
HCP, Inc., REIT	33,938		1,147,444
Host Hotels & Resorts, Inc., REIT	82,521		1,313,734
Kimco Realty Corp., REIT	39,856		1,561,159
ProLogis, REIT	40,699		2,395,543
Public Storage, Inc., REIT	19,630		1,739,611
Simon Property Group, Inc., REIT	35,157		3,266,437
Vornado Realty Trust, REIT	21,274		1,834,031
			20,820,785
Retail Grocery - 0.35%
Safeway, Inc.	69,385		2,036,450
SUPERVALU, Inc.	33,341		999,563
The Kroger Company	106,033		2,693,238
Whole Foods Market, Inc. (a)	21,990		725,010
			6,454,261

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

5

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade - 4.36%
Abercrombie & Fitch Company, Class A	13,580	$	993,241
Bed Bath & Beyond, Inc. *	41,290		1,218,055
Best Buy Company, Inc.	55,541		2,302,730
Big Lots, Inc. *	14,156		315,679
Circuit City Stores, Inc. (a)	0		0
Costco Wholesale Corp.	68,528		4,452,264
CVS Caremark Corp.	225,696		9,142,945
Dillard's, Inc., Class A (a)	8,945		153,943
Family Dollar Stores, Inc.	22,150		431,925
GameStop Corp., Class A *	25,372		1,311,986
Home Depot, Inc.	266,006		7,440,188
J.C. Penney Company, Inc.	34,947		1,317,851
Kohl's Corp. *	49,442		2,120,567
Limited Brands, Inc.	48,984		837,626
Lowe's Companies, Inc.	230,539		5,288,565
Macy's, Inc.	68,249		1,573,822
Nordstrom, Inc.	28,216		919,842
RadioShack Corp.	20,664		335,790
Sears Holdings Corp. * (a)	11,498		1,173,831
Staples, Inc.	110,491		2,442,956
Target Corp.	129,046		6,540,051
The Gap, Inc.	71,678		1,410,623
The TJX Companies, Inc.	68,884		2,277,994
Tiffany & Company (a)	20,018		837,553
Walgreen Company	156,264		5,952,096
Wal-Mart Stores, Inc.	372,436		19,619,929
			80,412,052
Sanitary Services - 0.24%
Allied Waste Industries, Inc. *	53,148		574,530
Ecolab, Inc.	27,665		1,201,491
Waste Management, Inc.	78,078		2,620,298
			4,396,319
Semiconductors - 2.44%
Advanced Micro Devices, Inc. *	95,449		562,195
Altera Corp.	48,439		892,731
Analog Devices, Inc.	46,331		1,367,691
Applied Materials, Inc.	213,360		4,162,654
Broadcom Corp., Class A *	73,671		1,419,640
Intel Corp.	912,319		19,322,916
KLA-Tencor Corp.	28,380		1,052,898
Linear Technology Corp. (a)	34,828		1,068,871
LSI Logic Corp. *	104,201		515,795
MEMC Electronic Materials, Inc. *	36,003		2,552,613
Microchip Technology, Inc. (a)	29,760		974,045
Micron Technology, Inc. *	119,858		715,552
National Semiconductor Corp.	35,757		655,068
Novellus Systems, Inc. *	16,072		338,316
NVIDIA Corp. *	87,571		1,733,030
QLogic Corp. *	21,174		325,021
Teradyne, Inc. *	27,481		341,314
Texas Instruments, Inc.	209,058		5,910,070
Xilinx, Inc.	45,130		1,071,837
			44,982,257
Software - 3.16%
Adobe Systems, Inc. *	89,680		3,191,711

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software (continued)
Autodesk, Inc. *	36,395	$	1,145,715
BMC Software, Inc. *	30,284		984,836
CA, Inc.	61,501		1,383,773
Citrix Systems, Inc. *	29,206		856,612
Compuware Corp. *	43,222		317,249
Intuit, Inc. *	51,658		1,395,283
Microsoft Corp.	1,261,611		35,804,520
Novell, Inc. *	55,501		349,101
Oracle Corp. *	623,424		12,194,173
Teradata Corp. *	28,341		625,202
			58,248,175
Steel - 0.36%
Allegheny Technologies, Inc.	15,912		1,135,481
Nucor Corp.	45,403		3,075,599
United States Steel Corp.	18,568		2,355,722
			6,566,802
Telecommunications Equipment &
Services - 2.07%
American Tower Corp., Class A *	63,796		2,501,441
Ciena Corp. *	13,722		423,049
Citizens Communications Company	51,663		541,945
Corning, Inc.	248,162		5,965,815
Embarq Corp.	24,182		969,698
JDS Uniphase Corp. *	35,450		474,676
QUALCOMM, Inc.	254,133		10,419,453
Tellabs, Inc. *	65,221		355,454
Verizon Communications, Inc.	452,573		16,496,286
			38,147,817
Telephone - 2.28%
AT&T, Inc.	951,366		36,437,318
CenturyTel, Inc.	16,810		558,764
Qwest Communications International, Inc.	242,348		1,097,837
Sprint Nextel Corp.	449,058		3,004,198
Windstream Corp.	71,558		855,118
			41,953,235
Tires & Rubber - 0.05%
Goodyear Tire & Rubber Company *	37,858		976,736
Tobacco - 1.47%
Altria Group, Inc.	332,316		7,377,415
Philip Morris International, Inc. *	332,316		16,808,544
Reynolds American, Inc. (a)	26,970		1,592,039
UST, Inc.	23,560		1,284,491
			27,062,489
Toys, Amusements & Sporting Goods - 0.10%
Hasbro, Inc.	22,477		627,109
Mattel, Inc.	56,958		1,133,464
			1,760,573
Transportation - 0.16%
C.H. Robinson Worldwide, Inc.	27,009		1,469,290
Expeditors International of Washington, Inc.	33,597		1,517,912
			2,987,202
Trucking & Freight - 0.92%
FedEx Corp.	48,779		4,520,350

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

6

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Trucking & Freight (continued)
Ryder Systems, Inc.		9,150	$	557,326
United Parcel Service, Inc., Class B		163,039		11,905,108
				16,982,784
TOTAL COMMON STOCKS (Cost $1,711,798,676)			$	1,815,028,044
SHORT TERM INVESTMENTS - 2.70%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	21,622,327	$	21,622,327
Lloyds Bank PLC
2.70% due 04/01/2008		28,104,000		28,104,000
TOTAL SHORT TERM INVESTMENTS
(Cost $49,726,327)			$	49,726,327
Total Investments (500 Index Trust)
(Cost $1,761,525,003) - 101.21%			$	1,864,754,371
Liabilities in Excess of Other Assets - (1.21)%				(22,256,947)
TOTAL NET ASSETS - 100.00%			$	1,842,497,424
500 Index Trust B
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.00%
Advertising - 0.18%
Interpublic Group of Companies, Inc. *		42,423	$	356,777
Monster Worldwide, Inc. *		11,303		273,646
Omnicom Group, Inc.		28,867		1,275,344
				1,905,767
Aerospace - 2.21%
Boeing Company		68,866		5,121,565
General Dynamics Corp.		36,216		3,019,328
Goodrich Corp.		11,262		647,678
Lockheed Martin Corp.		30,868		3,065,192
Northrop Grumman Corp.		30,426		2,367,447
Raytheon Company		38,392		2,480,507
Rockwell Collins, Inc.		14,622		835,647
United Technologies Corp.		88,376		6,082,036
				23,619,400
Agriculture - 0.74%
Archer-Daniels-Midland Company		57,948		2,385,140
Monsanto Company		49,341		5,501,521
				7,886,661
Air Travel - 0.08%
Southwest Airlines Company		66,240		821,376
Aluminum - 0.25%
Alcoa, Inc.		73,326		2,644,136
Apparel & Textiles - 0.45%
Cintas Corp.		11,762		335,687
Coach, Inc. *		31,686		955,333
Jones Apparel Group, Inc.		7,809		104,797
Liz Claiborne, Inc.		8,957		162,569
NIKE, Inc., Class B		34,475		2,344,300

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Apparel & Textiles (continued)
Polo Ralph Lauren Corp., Class A	5,302	$	309,054
VF Corp.	7,898		612,174
			4,823,914
Auto Parts - 0.27%
AutoZone, Inc. *	3,871		440,636
Genuine Parts Company	14,884		598,635
Johnson Controls, Inc.	53,463		1,807,049
			2,846,320
Auto Services - 0.02%
AutoNation, Inc. *	12,157		181,990
Automobiles - 0.34%
Ford Motor Company * (a)	198,719		1,136,673
General Motors Corp. (a)	50,968		970,940
PACCAR, Inc.	33,015		1,485,675
			3,593,288
Banking - 3.88%
Bank of America Corp.	399,979		15,163,204
Bank of New York Mellon Corp.	102,769		4,288,550
BB&T Corp.	49,181		1,576,743
Comerica, Inc.	13,552		475,404
Fifth Third Bancorp	47,973		1,003,595
First Horizon National Corp. (a)	11,383		159,476
Hudson City Bancorp, Inc.	46,674		825,196
Huntington BancShares, Inc.	32,977		354,503
KeyCorp	35,905		788,115
M&T Bank Corp.	6,933		557,968
Marshall & Ilsley Corp.	23,568		546,778
National City Corp.	57,081		567,956
Northern Trust Corp.	17,281		1,148,668
Regions Financial Corp.	62,452		1,233,427
Sovereign Bancorp, Inc.	32,534		303,217
SunTrust Banks, Inc.	31,589		1,741,817
Toronto-Dominion Bank *	7,266		445,788
U.S. Bancorp	155,747		5,039,973
Wachovia Corp.	178,458		4,818,366
Zions Bancorp	9,647		439,421
			41,478,165
Biotechnology - 0.78%
Amgen, Inc. *	97,930		4,091,515
Applera Corp.	15,071		495,233
Biogen Idec, Inc. *	26,810		1,653,909
Genzyme Corp. *	24,097		1,796,190
Millipore Corp. *	4,955		334,017
			8,370,864
Broadcasting - 0.61%
CBS Corp., Class B	61,292		1,353,327
Clear Channel Communications, Inc.	44,829		1,309,903
News Corp., Class A	207,170		3,884,438
			6,547,668
Building Materials & Construction - 0.06%
Masco Corp.	32,838		651,178
Business Services - 1.07%
Affiliated Computer Services, Inc., Class A *	8,642		433,051

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

7

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Automatic Data Processing, Inc.	47,069	$	1,995,255
Computer Sciences Corp. *	14,734		601,000
Convergys Corp. *	11,413		171,880
Electronic Data Systems Corp.	45,859		763,552
Equifax, Inc.	11,673		402,485
Fiserv, Inc. *	14,804		711,924
Fluor Corp.	7,977		1,126,033
H & R Block, Inc.	29,296		608,185
Jacobs Engineering Group, Inc. *	10,926		804,044
Moody's Corp. (a)	18,519		645,017
Paychex, Inc.	29,143		998,439
Pitney Bowes, Inc.	19,006		665,590
R.R. Donnelley & Sons Company	19,346		586,377
Robert Half International, Inc.	14,301		368,108
Total Systems Services, Inc.	17,904		423,609
Unisys Corp. *	31,851		141,100
			11,445,649
Cable & Television - 1.31%
Comcast Corp., Class A	271,114		5,243,345
DIRECTV Group, Inc. *	64,154		1,590,378
E.W. Scripps Company, Class A (a)	8,062		338,684
Time Warner, Inc.	322,013		4,514,622
Viacom, Inc., Class B *	57,705		2,286,272
			13,973,301
Cellular Communications - 0.18%
Motorola, Inc.	203,021		1,888,095
Chemicals - 1.32%
Air Products & Chemicals, Inc.	19,309		1,776,428
Ashland, Inc.	5,041		238,439
Dow Chemical Company	84,602		3,117,584
E.I. Du Pont de Nemours & Company	80,977		3,786,485
Eastman Chemical Company	7,181		448,453
Hercules, Inc.	10,219		186,906
PPG Industries, Inc.	14,751		892,583
Praxair, Inc.	28,206		2,375,791
Rohm & Haas Company	11,288		610,455
Sigma-Aldrich Corp.	11,651		694,982
			14,128,106
Coal - 0.22%
CONSOL Energy, Inc.	16,433		1,136,999
Peabody Energy Corp.	24,402		1,244,502
			2,381,501
Commercial Services - 0.03%
CB Richard Ellis Group, Inc. *	15,646		338,579
Computer Services - 0.06%
NetApp, Inc. *	30,931		620,167
Computers & Business Equipment - 5.66%
Apple, Inc. *	79,134		11,355,729
Cisco Systems, Inc. *	536,729		12,929,802
Cognizant Technology Solutions Corp.,
Class A *	25,963		748,513
Dell, Inc. *	201,779		4,019,438
EMC Corp. *	189,136		2,712,210
Hewlett-Packard Company	221,976		10,135,424

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
International Business Machines Corp.	124,645	$	14,351,625
Juniper Networks, Inc. *	47,143		1,178,575
Lexmark International, Inc. *	8,550		262,656
SanDisk Corp. *	20,627		465,551
Sun Microsystems, Inc. *	71,381		1,108,547
Xerox Corp.	82,618		1,236,792
			60,504,862
Construction & Mining Equipment - 0.21%
National Oilwell Varco, Inc. *	32,143		1,876,508
Rowan Companies, Inc.	10,023		412,747
			2,289,255
Construction Materials - 0.17%
Sherwin-Williams Company	9,178		468,445
Trane, Inc.	15,648		718,243
Vulcan Materials Company	9,758		647,932
			1,834,620
Containers & Glass - 0.12%
Ball Corp.	8,783		403,491
Bemis Company, Inc.	8,970		228,107
Pactiv Corp. *	11,741		307,731
Sealed Air Corp.	14,551		367,413
			1,306,742
Cosmetics & Toiletries - 2.60%
Avon Products, Inc.	38,426		1,519,364
Colgate-Palmolive Company	45,904		3,576,381
Estee Lauder Companies, Inc., Class A	10,276		471,154
International Flavors & Fragrances, Inc.	7,295		321,345
Kimberly-Clark Corp.	37,840		2,442,572
Procter & Gamble Company	277,099		19,416,327
			27,747,143
Crude Petroleum & Natural Gas - 2.57%
Apache Corp.	29,983		3,622,546
Chesapeake Energy Corp.	41,191		1,900,965
Devon Energy Corp.	40,013		4,174,556
EOG Resources, Inc.	22,242		2,669,040
Hess Corp.	25,114		2,214,552
Marathon Oil Corp.	63,836		2,910,922
Noble Energy, Inc.	15,472		1,126,361
Occidental Petroleum Corp.	74,064		5,419,263
Sunoco, Inc.	10,589		555,605
XTO Energy, Inc.	45,950		2,842,467
			27,436,277
Domestic Oil - 0.08%
Range Resources Corp.	13,497		856,385
Drugs & Health Care - 0.47%
Wyeth	120,471		5,030,869
Educational Services - 0.05%
Apollo Group, Inc., Class A *	12,368		534,298
Electrical Equipment - 0.43%
Cooper Industries, Ltd., Class A	15,870		637,180
Emerson Electric Company	70,882		3,647,588

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

8

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Equipment (continued)
Molex, Inc.	12,660	$	293,206
			4,577,974
Electrical Utilities - 2.97%
AES Corp. *	60,260		1,004,534
Allegheny Energy, Inc.	15,057		760,378
Ameren Corp.	18,794		827,688
American Electric Power Company, Inc.	36,055		1,500,970
CenterPoint Energy, Inc. (a)	29,424		419,880
CMS Energy Corp.	20,275		274,523
Consolidated Edison, Inc. (a)	24,503		972,769
Constellation Energy Group, Inc.	16,020		1,414,085
Dominion Resources, Inc.	51,759		2,113,838
DTE Energy Company	14,697		571,566
Dynegy, Inc., Class A *	44,649		352,281
Edison International	29,336		1,438,051
Entergy Corp.	17,213		1,877,594
Exelon Corp.	59,536		4,838,491
FirstEnergy Corp.	27,447		1,883,413
FPL Group, Inc.	36,680		2,301,303
Integrys Energy Group, Inc.	6,881		320,930
Pepco Holdings, Inc.	18,108		447,630
PG&E Corp.	32,032		1,179,418
Pinnacle West Capital Corp.	9,049		317,439
PPL Corp.	33,618		1,543,739
Public Service Enterprise Group, Inc.	45,782		1,839,979
Teco Energy, Inc.	18,991		302,906
The Southern Company	68,855		2,451,927
Xcel Energy, Inc.	38,641		770,888
			31,726,220
Electronics - 0.58%
Agilent Technologies, Inc. *	32,868		980,453
Harman International Industries, Inc.	5,445		237,075
Jabil Circuit, Inc.	18,735		177,233
L-3 Communications Holdings, Inc.	11,021		1,205,036
Thermo Fisher Scientific, Inc. *	37,691		2,142,356
Tyco Electronics, Ltd.	43,887		1,506,202
			6,248,355
Energy - 0.40%
Duke Energy Corp.	113,709		2,029,706
Progress Energy, Inc.	23,420		976,614
Sempra Energy	23,528		1,253,572
			4,259,892
Financial Services - 7.45%
American Capital Strategies, Ltd. (a)	17,561		599,884
American Express Company	104,094		4,550,990
Ameriprise Financial, Inc.	20,435		1,059,555
Bear Stearns Companies, Inc. (a)	10,575		110,932
Capital One Financial Corp.	33,584		1,653,005
Charles Schwab Corp.	84,541		1,591,907
CIT Group, Inc.	17,368		205,811
Citigroup, Inc.	468,778		10,041,225
CME Group, Inc.	4,801		2,252,149
Countrywide Financial Corp. (a)	52,294		287,617
Discover Financial Services	43,141		706,218

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
E*TRADE Financial Corp. *	41,598	$	160,568
Federal Home Loan Mortgage Corp.	58,172		1,472,915
Federal National Mortgage Association	88,085		2,318,397
Federated Investors, Inc., Class B	7,787		304,939
Fidelity National Information Services, Inc.	15,410		587,737
Franklin Resources, Inc.	14,160		1,373,378
Goldman Sachs Group, Inc.	35,576		5,883,915
IntercontinentalExchange, Inc. *	6,315		824,108
Janus Capital Group, Inc.	13,301		309,514
JP Morgan Chase & Company	305,825		13,135,184
Legg Mason, Inc.	12,139		679,541
Lehman Brothers Holdings, Inc.	47,774		1,798,213
Leucadia National Corp.	15,231		688,746
Merrill Lynch & Company, Inc.	87,479		3,563,894
Morgan Stanley	99,457		4,545,185
NYSE Euronext	23,861		1,472,462
PNC Financial Services Group, Inc.	30,683		2,011,884
SLM Corp. *	42,010		644,854
State Street Corp.	34,886		2,755,994
T. Rowe Price Group, Inc.	23,749		1,187,450
Washington Mutual, Inc.	79,567		819,540
Wells Fargo & Company	296,845		8,638,190
Western Union Company	67,498		1,435,682
			79,671,583
Food & Beverages - 3.57%
Campbell Soup Company	19,823		672,991
Coca-Cola Enterprises, Inc.	25,892		626,586
ConAgra Foods, Inc.	43,902		1,051,453
Dean Foods Company *	13,628		273,787
General Mills, Inc.	30,322		1,815,681
H.J. Heinz Company	28,376		1,332,821
Hershey Company	15,146		570,550
Kellogg Company	23,464		1,233,268
Kraft Foods, Inc., Class A	138,060		4,281,241
McCormick & Company, Inc.	11,522		425,968
Pepsi Bottling Group, Inc.	12,353		418,890
PepsiCo, Inc.	144,225		10,413,045
Sara Lee Corp.	64,124		896,454
Sysco Corp.	54,346		1,577,121
The Coca-Cola Company	179,959		10,954,104
Tyson Foods, Inc., Class A	24,651		393,183
William Wrigley, Jr. Company	19,488		1,224,626
			38,161,769
Forest Products - 0.11%
Weyerhaeuser Company	18,868		1,227,175
Furniture & Fixtures - 0.02%
Leggett & Platt, Inc.	15,091		230,138
Gas & Pipeline Utilities - 0.88%
El Paso Corp.	63,099		1,049,967
Nicor, Inc. (a)	4,064		136,185
NiSource, Inc.	24,685		425,569
Questar Corp.	15,559		880,017
Spectra Energy Corp.	56,954		1,295,704
Transocean, Inc. *	28,610		3,868,072

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

9

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Gas & Pipeline Utilities (continued)
Williams Companies, Inc.	52,675	$	1,737,221
			9,392,735
Healthcare Products - 3.40%
Baxter International, Inc.	57,124		3,302,910
Becton, Dickinson & Company	21,975		1,886,554
Boston Scientific Corp. *	120,932		1,556,395
C.R. Bard, Inc.	9,034		870,877
Covidien, Ltd.	44,907		1,987,135
Johnson & Johnson	255,048		16,544,964
Medtronic, Inc.	101,118		4,891,078
Patterson Companies, Inc. *	11,646		422,750
St. Jude Medical, Inc. *	30,976		1,337,853
Stryker Corp.	21,473		1,396,819
Varian Medical Systems, Inc. *	11,316		530,041
Zimmer Holdings, Inc. *	20,996		1,634,748
			36,362,124
Healthcare Services - 1.46%
Cardinal Health, Inc.	32,108		1,685,991
Coventry Health Care, Inc. *	13,930		562,076
Express Scripts, Inc. *	22,763		1,464,116
Humana, Inc. *	15,322		687,345
IMS Health, Inc.	16,508		346,833
Laboratory Corp. of America Holdings *	9,949		733,042
McKesson Corp.	26,056		1,364,553
Medco Health Solutions, Inc. *	47,174		2,065,749
Quest Diagnostics, Inc.	14,160		641,023
UnitedHealth Group, Inc.	112,675		3,871,513
WellPoint, Inc. *	48,796		2,153,368
			15,575,609
Holdings Companies/Conglomerates - 3.38%
General Electric Company	899,112		33,276,135
Loews Corp.	39,586		1,592,149
Textron, Inc.	22,392		1,240,965
			36,109,249
Homebuilders - 0.13%
Centex Corp.	11,020		266,794
D.R. Horton, Inc.	24,672		388,584
KB Home (a)	6,932		171,429
Lennar Corp., Class A (a)	12,525		235,595
Pulte Homes, Inc.	19,246		280,029
			1,342,431
Hotels & Restaurants - 1.05%
Darden Restaurants, Inc.	12,901		419,928
Marriott International, Inc., Class A	27,096		931,019
McDonald's Corp.	103,694		5,783,014
Starbucks Corp. *	65,765		1,150,887
Starwood Hotels & Resorts Worldwide, Inc.	16,953		877,318
Wendy's International, Inc.	7,870		181,482
Wyndham Worldwide Corp.	15,939		329,618
Yum! Brands, Inc.	42,814		1,593,109
			11,266,375
Household Appliances - 0.09%
Black & Decker Corp.	5,486		362,625

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Appliances (continued)
Whirlpool Corp.	6,809	$	590,885
			953,510
Household Products - 0.21%
Clorox Company	12,503		708,170
Fortune Brands, Inc.	13,870		963,965
Newell Rubbermaid, Inc.	24,914		569,783
			2,241,918
Industrial Machinery - 1.39%
Cameron International Corp. *	19,656		818,476
Caterpillar, Inc.	56,184		4,398,645
Cummins, Inc.	18,206		852,405
Deere & Company	39,261		3,158,155
Dover Corp.	17,281		722,000
Ingersoll-Rand Company, Ltd., Class A	24,549		1,094,394
ITT Corp.	16,349		847,042
Pall Corp.	11,039		387,138
Parker-Hannifin Corp.	15,172		1,050,965
Terex Corp. *	9,148		571,750
The Manitowoc Company, Inc.	11,693		477,074
W.W. Grainger, Inc.	6,043		461,625
			14,839,669
Insurance - 4.05%
ACE, Ltd.	29,703		1,635,447
Aetna, Inc.	44,714		1,882,012
AFLAC, Inc.	42,747		2,776,418
Allstate Corp.	50,460		2,425,108
Ambac Financial Group, Inc. (a)	25,825		148,494
American International Group, Inc.	227,112		9,822,594
Aon Corp.	27,510		1,105,902
Assurant, Inc.	8,614		524,248
Chubb Corp.	33,337		1,649,515
CIGNA Corp.	25,219		1,023,135
Cincinnati Financial Corp.	14,899		566,758
Genworth Financial, Inc., Class A	38,955		881,941
Hartford Financial Services Group, Inc.	28,274		2,142,321
Lincoln National Corp.	23,822		1,238,744
Marsh & McLennan Companies, Inc.	46,913		1,142,332
MBIA, Inc. (a)	18,923		231,239
MetLife, Inc.	63,854		3,847,842
MGIC Investment Corp. (a)	10,613		111,755
Principal Financial Group, Inc.	23,263		1,296,214
Progressive Corp.	61,080		981,556
Prudential Financial, Inc.	40,158		3,142,363
SAFECO Corp.	8,080		354,550
The Travelers Companies, Inc.	55,855		2,672,662
Torchmark Corp.	8,191		492,361
UnumProvident Corp.	31,239		687,570
XL Capital, Ltd., Class A	16,019		473,361
			43,256,442
International Oil - 7.09%
Anadarko Petroleum Corp.	42,145		2,656,399
Chevron Corp.	186,985		15,961,040
ConocoPhillips	140,598		10,714,973
Exxon Mobil Corp.	481,718		40,743,708

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

10

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
International Oil (continued)
Murphy Oil Corp.	17,083	$	1,403,198
Nabors Industries, Ltd. *	25,272		853,435
Noble Corp.	24,189		1,201,468
Weatherford International, Ltd. *	30,544		2,213,524
			75,747,745
Internet Content - 1.19%
Google, Inc., Class A *	20,880		9,197,014
Yahoo!, Inc. *	120,399		3,483,143
			12,680,157
Internet Retail - 0.54%
Amazon.com, Inc. *	27,772		1,980,144
eBay, Inc. *	100,438		2,997,070
Expedia, Inc. *	18,772		410,919
IAC/InterActiveCorp. *	16,270		337,765
			5,725,898
Internet Software - 0.22%
Akamai Technologies, Inc. *	15,048		423,752
Symantec Corp. *	76,213		1,266,660
VeriSign, Inc. *	19,214		638,673
			2,329,085
Leisure Time - 0.90%
Brunswick Corp.	7,885		125,923
Carnival Corp.	39,306		1,591,107
Electronic Arts, Inc. *	28,523		1,423,868
International Game Technology	28,165		1,132,515
Walt Disney Company	169,546		5,320,354
			9,593,767
Life Sciences - 0.07%
PerkinElmer, Inc.	10,591		256,832
Waters Corp. *	9,000		501,300
			758,132
Liquor - 0.42%
Anheuser-Busch Companies, Inc.	64,392		3,055,400
Brown Forman Corp., Class B	7,594		502,875
Constellation Brands, Inc., Class A *	17,474		308,766
Molson Coors Brewing Company, Class B	12,385		651,079
			4,518,120
Manufacturing - 1.63%
3M Company	63,718		5,043,280
Danaher Corp.	22,928		1,743,216
Eaton Corp.	13,191		1,050,927
Harley-Davidson, Inc.	21,475		805,312
Honeywell International, Inc.	67,024		3,781,494
Illinois Tool Works, Inc.	36,057		1,739,029
Rockwell Automation, Inc.	13,358		767,016
Snap-on, Inc.	5,195		264,166
Stanley Works	7,048		335,626
Tyco International, Ltd.	43,666		1,923,487
			17,453,553
Medical-Hospitals - 0.02%
Tenet Healthcare Corp. *	42,715		241,767

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Metal & Metal Products - 0.13%
Precision Castparts Corp.	12,510	$	1,277,021
Titanium Metals Corp. (a)	8,902		133,975
			1,410,996
Mining - 0.48%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	34,465		3,316,223
Newmont Mining Corp.	40,814		1,848,874
			5,165,097
Office Furnishings & Supplies - 0.08%
Avery Dennison Corp.	9,588		472,209
Office Depot, Inc. *	24,578		271,587
OfficeMax, Inc.	6,906		132,181
			875,977
Paper - 0.20%
International Paper Company	38,516		1,047,635
MeadWestvaco Corp.	15,654		426,102
Plum Creek Timber Company, Inc.	15,410		627,187
			2,100,924
Petroleum Services - 1.86%
Baker Hughes, Inc.	27,858		1,908,273
BJ Services Company	26,376		751,980
ENSCO International, Inc.	12,960		811,555
Halliburton Company	79,250		3,116,902
Schlumberger, Ltd.	107,842		9,382,254
Smith International, Inc.	18,081		1,161,343
Tesoro Corp.	12,390		371,700
Valero Energy Corp.	48,140		2,364,155
			19,868,162
Pharmaceuticals - 4.69%
Abbott Laboratories	139,179		7,675,722
Allergan, Inc.	27,546		1,553,319
AmerisourceBergen Corp.	14,641		599,988
Barr Pharmaceuticals, Inc. *	9,716		469,380
Bristol-Myers Squibb Company	178,225		3,796,192
Celgene Corp. *	39,174		2,400,974
Eli Lilly & Company	89,066		4,594,915
Forest Laboratories, Inc. *	28,037		1,121,760
Gilead Sciences, Inc. *	83,636		4,309,763
Hospira, Inc. *	14,288		611,098
King Pharmaceuticals, Inc. *	22,154		192,740
Merck & Company, Inc.	194,963		7,398,846
Mylan, Inc. * (a)	27,406		317,910
Pfizer, Inc.	608,761		12,741,368
Schering-Plough Corp.	145,955		2,103,211
Watson Pharmaceuticals, Inc. *	9,333		273,644
			50,160,830
Photography - 0.04%
Eastman Kodak Company (a)	25,945		458,448
Publishing - 0.22%
Gannett Company, Inc.	20,691		601,074
McGraw-Hill Companies, Inc.	29,064		1,073,915
Meredith Corp.	3,396		129,897
The New York Times Company, Class A (a)	12,946		244,420

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

11

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Publishing (continued)
Washington Post Company, Class B	523	$	345,964
			2,395,270
Railroads & Equipment - 0.87%
Burlington Northern Santa Fe Corp.	26,649		2,457,571
CSX Corp.	36,319		2,036,406
Norfolk Southern Corp.	33,885		1,840,633
Union Pacific Corp.	23,474		2,943,170
			9,277,780
Real Estate - 1.11%
Apartment Investment & Management
Company, Class A, REIT	8,260		295,791
Avalon Bay Communities, Inc., REIT	6,919		667,822
Boston Properties, Inc., REIT	10,759		990,581
Developers Diversified Realty Corp., REIT	10,755		450,419
Equity Residential, REIT	24,279		1,007,336
General Growth Properties, Inc., REIT	23,794		908,217
HCP, Inc., REIT	19,387		655,474
Host Hotels & Resorts, Inc., REIT	47,139		750,453
Kimco Realty Corp., REIT	22,767		891,783
ProLogis, REIT	23,249		1,368,436
Public Storage, Inc., REIT	11,213		993,696
Simon Property Group, Inc., REIT	20,083		1,865,912
Vornado Realty Trust, REIT	12,153		1,047,710
			11,893,630
Retail Grocery - 0.34%
Safeway, Inc.	39,636		1,163,317
SUPERVALU, Inc.	19,045		570,969
The Kroger Company	60,570		1,538,478
Whole Foods Market, Inc. (a)	12,562		414,169
			3,686,933
Retail Trade - 4.30%
Abercrombie & Fitch Company, Class A	7,757		567,347
Bed Bath & Beyond, Inc. *	23,586		695,787
Best Buy Company, Inc.	31,727		1,315,401
Big Lots, Inc. *	8,140		181,522
Costco Wholesale Corp.	39,146		2,543,316
CVS Caremark Corp.	128,927		5,222,833
Dillard's, Inc., Class A (a)	5,232		90,043
Family Dollar Stores, Inc.	12,653		246,734
GameStop Corp., Class A *	14,493		749,433
Home Depot, Inc.	151,953		4,250,125
J.C. Penney Company, Inc.	19,963		752,805
Kohl's Corp. *	28,243		1,211,342
Limited Brands, Inc.	27,982		478,492
Lowe's Companies, Inc.	131,693		3,021,037
Macy's, Inc.	38,986		899,017
Nordstrom, Inc.	16,118		525,447
RadioShack Corp.	11,804		191,815
Sears Holdings Corp. * (a)	6,568		670,527
Staples, Inc.	63,117		1,395,517
Target Corp.	73,716		3,735,927
The Gap, Inc.	40,946		805,817
The TJX Companies, Inc.	39,349		1,301,272
Tiffany & Company	11,435		478,440

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Walgreen Company	89,264	$	3,400,066
Wal-Mart Stores, Inc.	212,750		11,207,670
			45,937,732
Sanitary Services - 0.24%
Allied Waste Industries, Inc. *	30,360		328,192
Ecolab, Inc.	15,803		686,324
Waste Management, Inc.	44,601		1,496,809
			2,511,325
Semiconductors - 2.40%
Advanced Micro Devices, Inc. * (a)	54,524		321,146
Altera Corp.	27,670		509,958
Analog Devices, Inc.	26,466		781,276
Applied Materials, Inc.	121,880		2,377,879
Broadcom Corp., Class A *	42,089		811,055
Intel Corp.	521,153		11,038,021
KLA-Tencor Corp.	16,212		601,465
Linear Technology Corp. (a)	19,895		610,578
LSI Logic Corp. *	59,524		294,644
MEMC Electronic Materials, Inc. *	20,566		1,458,130
Microchip Technology, Inc.	17,000		556,410
Micron Technology, Inc. *	68,468		408,754
National Semiconductor Corp.	20,426		374,204
Novellus Systems, Inc. *	9,181		193,260
NVIDIA Corp. *	50,024		989,975
QLogic Corp. *	12,095		185,658
Teradyne, Inc. *	15,698		194,969
Texas Instruments, Inc.	119,422		3,376,060
Xilinx, Inc.	25,780		612,275
			25,695,717
Software - 3.11%
Adobe Systems, Inc. *	51,229		1,823,240
Autodesk, Inc. *	20,790		654,469
BMC Software, Inc. *	17,300		562,596
CA, Inc.	35,132		790,470
Citrix Systems, Inc. *	16,683		489,313
Compuware Corp. *	24,690		181,225
Intuit, Inc. *	29,509		797,038
Microsoft Corp.	720,682		20,452,955
Novell, Inc. *	31,704		199,418
Oracle Corp. *	356,125		6,965,805
Teradata Corp. *	16,170		356,710
			33,273,239
Steel - 0.35%
Allegheny Technologies, Inc.	9,089		648,591
Nucor Corp.	25,936		1,756,905
United States Steel Corp.	10,607		1,345,710
			3,751,206
Telecommunications Equipment &
Services - 2.04%
American Tower Corp., Class A *	36,443		1,428,930
Ciena Corp. *	7,874		242,755
Citizens Communications Company	29,512		309,581
Corning, Inc.	141,760		3,407,910
Embarq Corp.	13,813		553,901

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

12

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services (continued)
JDS Uniphase Corp. *		20,102	$	269,166
QUALCOMM, Inc.		145,171		5,952,011
Tellabs, Inc. *		37,257		203,051
Verizon Communications, Inc.		258,501		9,422,362
				21,789,667
Telephone - 2.24%
AT&T, Inc.		543,458		20,814,441
CenturyTel, Inc.		9,603		319,204
Qwest Communications International, Inc.		138,439		627,129
Sprint Nextel Corp.		256,520		1,716,119
Windstream Corp.		40,877		488,480
				23,965,373
Tires & Rubber - 0.05%
Goodyear Tire & Rubber Company *		21,626		557,951
Tobacco - 1.45%
Altria Group, Inc.		189,832		4,214,270
Philip Morris International, Inc. *		189,832		9,601,703
Reynolds American, Inc. (a)		15,406		909,416
UST, Inc.		13,458		733,730
				15,459,119
Toys, Amusements & Sporting Goods - 0.09%
Hasbro, Inc.		12,840		358,236
Mattel, Inc.		32,537		647,486
				1,005,722
Transportation - 0.16%
C.H. Robinson Worldwide, Inc.		15,428		839,283
Expeditors International of Washington, Inc.		19,192		867,095
				1,706,378
Trucking & Freight - 0.91%
FedEx Corp.		27,864		2,582,157
Ryder Systems, Inc.		5,227		318,376
United Parcel Service, Inc., Class B		93,134		6,800,645
				9,701,178
TOTAL COMMON STOCKS (Cost $940,656,375)			$	1,036,826,622
SHORT TERM INVESTMENTS - 3.63%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	10,098,003	$	10,098,003
Lloyds Bank PLC
2.70% due 04/01/2008		28,750,000		28,750,000
TOTAL SHORT TERM INVESTMENTS
(Cost $38,848,003)			$	38,848,003
Total Investments (500 Index Trust B)
(Cost $979,504,378) - 100.63%			$	1,075,674,625
Liabilities in Excess of Other Assets - (0.63)%				(6,752,997)
TOTAL NET ASSETS - 100.00%			$	1,068,921,628

Active Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 5.61%
U.S. Treasury Bonds - 0.20%
5.00% due 05/15/2037	$	4,468,000	$	4,998,227
U.S. Treasury Notes - 5.41%
2.00% due 02/28/2010		3,596,000		3,621,003
2.75% due 02/28/2013 (a)		82,187,000		83,317,071
3.50% due 02/15/2018		34,373,000		34,571,710
4.25% due 11/15/2013 (a)		5,960,000		6,503,850
4.75% due 05/15/2014 (a)		6,570,000		7,375,338
				135,388,972
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $138,793,187)			$	140,387,199
U.S. GOVERNMENT AGENCY OBLIGATIONS - 35.38%
Federal Home Loan Mortgage Corp. - 4.06%
3.916% due 06/01/2034		5,061,161		5,089,697
4.50% due 01/15/2015		2,470,000		2,587,458
5.00% due 04/01/2018 to 07/01/2035		7,169,117		7,205,590
5.154% due 11/01/2035		5,638,454		5,652,618
5.273% due 12/01/2035		5,030,726		5,092,588
5.50% due 08/23/2017 to 03/01/2036		44,460,816		47,249,697
5.617% due 04/01/2037		5,035,443		5,127,608
5.769% due 04/01/2037		3,909,809		3,977,033
5.823% due 03/01/2037 (b)		8,053,682		8,179,750
5.833% due 11/01/2036		4,072,146		4,114,858
5.875% due 03/21/2011		4,049,000		4,367,830
6.00% due 05/01/2037 to 08/01/2037		3,017,418		3,097,689
				101,742,416
Federal National Mortgage
Association - 30.75%
zero coupon due 02/01/2015		1,920,000		1,512,975
3.777% due 07/01/2033 (b)		271,435		276,257
4.375% due 03/15/2013		1,030,000		1,081,239
4.50% TBA **		38,160,000		37,945,350
4.875% due 12/15/2016		3,915,000		4,145,676
4.902% due 08/01/2034		3,712,111		3,701,458
5.00% due 05/01/2018 to 03/01/2038		99,588,834		99,088,393
5.00% TBA **		108,400,000		108,146,438
5.491% due 03/01/2037		3,957,421		4,013,804
5.50% due 03/15/2011 to 12/01/2037		208,781,066		211,614,012
5.50% TBA **		38,890,000		39,444,719
6.00% due 05/01/2035 to 01/01/2038		143,161,432		146,932,358
6.00% TBA **		78,485,000		80,461,604
6.50% due 02/01/2036 to 07/01/2037		22,716,670		23,547,677
6.625% due 09/15/2009 (a)		2,314,000		2,457,767
7.00% due 09/01/2010 to 10/25/2041		4,390,487		4,611,346
7.50% due 09/01/2029 to 08/01/2031		270,736		292,330
				769,273,403
Government National Mortgage
Association - 0.54%
5.00% due 04/15/2035		5,285,577		5,292,779
5.50% due 03/15/2035		5,066,171		5,176,521
6.00% due 03/15/2033 to 06/15/2033		2,219,397		2,298,888
6.50% due 09/15/2028 to 08/15/2031		454,324		475,071
7.00% due 04/15/2029		136,569		146,046
8.00% due 10/15/2026 to 05/15/2029		145,233		159,306
				13,548,611

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

13

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
The Financing Corp. - 0.03%
10.35% due 08/03/2018	$	450,000	$	682,189
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $868,155,736)			$	885,246,619
FOREIGN GOVERNMENT OBLIGATIONS - 0.63%
Argentina - 0.12%
Republic of Argentina
0.63% due 12/31/2038 (b)	ARS	8,797,621		1,048,228
1.00% due 12/15/2035 (b)		19,532,033		610,318
5.83% due 12/31/2033 (b)		3,617,497		1,238,830
				2,897,376
Canada - 0.01%
Government of Canada
5.50% due 06/01/2010	CAD	270,000		279,159
Colombia - 0.06%
Republic of Colombia
10.00% due 01/23/2012	$	1,005,000		1,191,930
11.75% due 03/01/2010	COP	402,000,000		223,164
				1,415,094
Denmark - 0.01%
Kingdom of Denmark
6.00% due 11/15/2009	DKK	1,200,000		262,134
Germany - 0.14%
Federal Republic of Germany
5.25% due 01/04/2011	EUR	1,275,000		2,102,479
6.25% due 01/04/2030		725,000		1,405,480
				3,507,959
Japan - 0.10%
Government of Japan
0.90% due 12/22/2008	JPY	29,450,000		295,964
1.50% due 09/20/2014		68,650,000		717,529
1.80% due 03/22/2010		132,350,000		1,359,656
				2,373,149
Mexico - 0.09%
Government of Mexico
8.00% due 12/07/2023	MXN	11,861,100		1,160,282
8.00% due 12/19/2013		8,332,200		804,585
9.875% due 02/01/2010	$	290,000		323,350
				2,288,217
Panama - 0.02%
Republic of Panama
8.875% due 09/30/2027		344,000		438,600
9.375% due 07/23/2012		148,000		173,160
				611,760
Peru - 0.01%
Republic of Peru
9.875% due 02/06/2015		148,000		186,628
Philippines - 0.01%
Republic of Philippines
9.125% due 02/22/2010	EUR	148,000		246,109

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	$	265,919
5.25% due 03/15/2011		1,720,000		301,022
				566,941
Ukraine - 0.02%
Republic of Ukraine
7.65% due 06/11/2013	$	500,000		531,250
United Kingdom - 0.02%
Government of United Kingdom
6.00% due 12/07/2028	GBP	85,000		200,427
8.00% due 12/07/2015		125,000		309,107
				509,534
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $13,366,088)			$	15,675,310
CORPORATE BONDS - 33.63%
Advertising - 0.03%
R.H. Donnelley Corp.
8.875% due 10/15/2017 (g)	$	1,145,000		715,625
Aerospace - 0.12%
BAE Systems 2001 Asset Trust PLC
6.664% due 09/15/2013 (g)		2,011,845		2,073,524
7.156% due 12/15/2011 (g)		823,391		886,855
				2,960,379
Agriculture - 0.20%
Cargill, Inc.
5.60% due 09/15/2012 (g)		2,025,000		2,075,311
Chaoda Modern Agriculture (Holdings), Ltd.
7.75% due 02/08/2010 (g)		1,870,000		1,776,500
Mosaic Company
7.625% due 12/01/2016 (g)		985,000		1,058,875
				4,910,686
Air Travel - 0.34%
American Airlines, Inc., Series 88A4
10.21% due 01/01/2010		486,395		468,155
Continental Airlines, Inc., Series 00-2
8.307% due 10/02/2019		815,363		762,365
Continental Airlines, Inc., Series 01-1
7.033% due 06/15/2011		193,832		174,448
Continental Airlines, Inc., Series 991A
6.545% due 02/02/2019 (a)		550,780		529,785
Delta Air Lines, Inc.
6.821% due 08/10/2022 (g)		2,714,221		2,551,368
Delta Air Lines, Inc., Series 02-1
6.417% due 07/02/2012		2,725,000		2,725,000
Northwest Airlines, Inc., Series 07-1
7.027% due 11/01/2019 (a)		1,550,000		1,410,500
				8,621,621
Amusement & Theme Parks - 0.02%
HRP Myrtle Beach Operations LLC
9.894% due 04/01/2012 (b)(g)		705,000		625,687

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

14

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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
8.204% due 12/15/2014 (b)	$	740,000	$	656,750
Auto Parts - 0.15%
Allison Transmission, Inc.
11.00% due 11/01/2015 (g)		1,260,000		1,096,200
Delphi Corp.
6.197% due 11/15/2033		118,000		16,520
Goodyear Tire & Rubber Company
8.625% due 12/01/2011		985,000		1,033,019
Tenneco Automotive, Inc.
8.625% due 11/15/2014		1,615,000		1,586,737
				3,732,476
Auto Services - 0.08%
ERAC USA Finance Company
6.375% due 10/15/2017 (g)		1,600,000		1,429,576
7.95% due 12/15/2009 (g)		510,000		538,156
				1,967,732
Automobiles - 0.20%
DaimlerChrysler N.A. Holding Corp.
4.05% due 06/04/2008		1,716,000		1,716,633
5.875% due 03/15/2011		1,885,000		1,926,932
General Motors Corp.
7.125% due 07/15/2013		1,775,000		1,366,750
				5,010,315
Banking - 3.15%
Allied Irish Banks PLC
7.50% due 12/29/2049 (b)	EUR	99,000		152,677
BAC Capital Trust XIII
3.268% due 03/15/2043 (b)	$	1,900,000		1,293,461
BAC Capital Trust XIV
5.63% due 12/31/2049 (b)		3,350,000		2,449,503
BAC Capital Trust XV
3.876% due 06/01/2056 (b)		4,170,000		3,095,733
Banco Mercantil del Norte SA
6.862% due 10/13/2021 (g)		2,395,000		2,199,678
Banco Santander Chile
3.34% due 12/09/2009 (b)(g)		912,000		880,080
5.375% due 12/09/2014 (g)		295,000		287,663
Bank of Ireland
6.45% due 02/10/2010	EUR	99,000		159,170
BNP Paribas
7.195% due 12/31/2049 (b)(g)	$	965,000		854,671
Chuo Mitsui Trust & Banking Company
5.506% due 12/29/2049 (b)(g)		3,085,000		2,577,289
Comerica Capital Trust II
6.576% due 02/20/2037 (b)		4,000,000		2,664,060
DBS Bank, Ltd.
7.125% due 05/15/2011 (g)		450,000		491,127
HBOS PLC
5.375% due 12/29/2049 (b)(g)		1,128,000		968,048
6.413% due 09/29/2049 (b)(g)		2,255,000		1,615,022
HSBC Bank USA, Inc.
4.625% due 04/01/2014		2,350,000		2,267,059
HSBC Holdings PLC
6.50% due 09/15/2037		1,000,000		948,641
ICICI Bank, Ltd.
4.917% due 01/12/2010 (b)(g)		885,000		846,857

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
ICICI Bank, Ltd. (continued)
6.625% due 10/03/2012 (g)	$	2,200,000	$	2,196,374
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)		265,000		258,407
Kazkommerts International BV
8.50% due 04/16/2013		350,000		308,875
Landsbanki Islands HF
3.793% due 08/25/2009 (b)(g)		2,730,000		2,475,316
6.10% due 08/25/2011 (g)		1,635,000		1,428,424
7.431% due 12/31/2049 (b)(g)		3,485,000		2,917,530
Lloyds TSB Group PLC
6.267% due 12/31/2049 (b)(g)		3,950,000		3,029,575
Mellon Capital IV, Series 1
6.244% due 06/29/2049 (b)		1,600,000		1,235,629
Rabobank Capital Funding II
5.26% due 12/29/2049 (b)(g)		4,115,000		3,532,604
RBS Capital Trust IV
3.455% due 09/29/2049 (b)		897,000		549,738
Royal Bank of Scotland Group PLC
7.648% due 08/31/2049 (b)		3,060,000		2,920,534
Royal Bank of Scotland Group PLC, MTN
7.64% due 03/31/2049		1,400,000		1,205,666
Shinhan Bank
6.819% due 09/20/2036 (b)		2,670,000		2,208,838
Silicon Valley Bank
6.05% due 06/01/2017		2,185,000		2,226,301
Societe Generale
5.922% due 12/31/2049 (g)		1,600,000		1,306,304
Standard Chartered PLC
6.40% due 09/26/2017 (g)		800,000		835,312
6.409% due 01/30/2017 (b)(g)		5,000,000		4,107,825
7.014% due 12/30/2049 (b)(g)		1,800,000		1,567,037
SunTrust Bank
7.25% due 03/15/2018 (a)		1,710,000		1,748,778
SunTrust Capital VIII
6.10% due 12/01/2066 (b)		3,145,000		2,490,211
SunTrust Preferred Capital I
5.853% due 12/31/2049 (b)		2,525,000		1,871,353
TuranAlem Finance BV
7.875% due 06/02/2010		638,000		597,946
8.50% due 02/10/2015 (g)		600,000		495,720
USB Capital IX
6.189% due 03/29/2049 (b)		8,105,000		6,017,963
Wachovia Bank NA, BKNT
6.60% due 01/15/2038		4,255,000		3,942,351
Wachovia Capital Trust III
5.80% due 08/29/2049 (b)		3,220,000		2,294,250
Washington Mutual Bank FA
4.9075% due 01/15/2015 (b)		1,070,000		877,281
Washington Mutual Preferred Funding Delaware
6.534% due 03/29/2049 (b)(g)		1,000,000		526,950
				78,923,831
Broadcasting - 0.28%
Clear Channel Communications, Inc.
7.65% due 09/15/2010		736,000		777,366
News America Holdings, Inc.
6.75% due 01/09/2038		108,000		113,046
7.75% due 12/01/2045		491,000		519,798

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

15

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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	$	2,370,362
News America, Inc.
6.65% due 11/15/2037 (g)		1,735,000		1,749,728
XM Satellite Radio, Inc.
9.75% due 05/01/2014		1,595,000		1,539,175
				7,069,475
Building Materials & Construction - 0.07%
Masco Corp.
6.125% due 10/03/2016		2,000,000		1,762,938
Buildings - 0.16%
Centex Corp.
5.125% due 10/01/2013		5,000,000		4,000,000
Business Services - 0.18%
Electronic Data Systems Corp.
7.125% due 10/15/2009		148,000		150,947
Minerva Overseas, Ltd.
9.50% due 02/01/2017 (g)		2,320,000		2,093,800
Xerox Corp.
6.75% due 02/01/2017		2,230,000		2,354,031
				4,598,778
Cable & Television - 1.12%
AT&T Broadband Corp.
8.375% due 03/15/2013		1,365,000		1,516,284
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		1,455,000		1,324,050
Cox Communications, Inc.
4.625% due 01/15/2010		1,103,000		1,103,531
5.45% due 12/15/2014		922,000		907,725
6.75% due 03/15/2011		491,000		511,512
7.75% due 11/01/2010		368,000		395,356
Quebecor Media, Inc.
7.75% due 03/15/2016 (g)		330,000		301,125
Rogers Cable, Inc.
6.75% due 03/15/2015		1,545,000		1,539,013
Shaw Communications, Inc.
8.25% due 04/11/2010		1,605,000		1,673,213
TCI Communications, Inc.
9.80% due 02/01/2012		1,585,000		1,807,824
Time Warner Companies, Inc.
7.57% due 02/01/2024		1,716,000		1,761,565
Time Warner Entertainment Company LP
8.375% due 07/15/2033		1,520,000		1,710,278
8.375% due 03/15/2023		1,675,000		1,856,069
Time Warner, Inc.
6.75% due 04/15/2011		3,115,000		3,203,279
7.625% due 04/15/2031		451,000		471,705
Viacom, Inc.
6.25% due 04/30/2016		1,570,000		1,528,285
6.625% due 05/15/2011		3,115,000		3,177,421
6.875% due 04/30/2036		3,305,000		3,182,570
				27,970,805
Cellular Communications - 0.39%
America Movil SAB de CV
5.75% due 01/15/2015		1,540,000		1,557,933

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cellular Communications (continued)
American Tower Corp.
7.50% due 05/01/2012	$	638,000	$	652,355
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		573,000		623,257
8.125% due 05/01/2012		1,220,000		1,365,292
8.75% due 03/01/2031		471,000		571,603
Nextel Communications, Inc.
6.875% due 10/31/2013		2,260,000		1,785,400
Rogers Wireless, Inc.
9.625% due 05/01/2011		422,000		467,519
Rural Cellular Corp.
8.989% due 11/01/2012 (b)		310,000		310,000
SK Telecom Comapny, Ltd.
6.625% due 07/20/2027 (a)(g)		2,490,000		2,447,678
				9,781,037
Chemicals - 0.32%
American Pacific Corp.
9.00% due 02/01/2015		2,060,000		2,003,350
Ecolab, Inc.
4.875% due 02/15/2015		1,685,000		1,681,414
ICI Wilmington, Inc.
4.375% due 12/01/2008		912,000		916,723
Momentive Performance Materials, Inc.
9.75% due 12/01/2014		1,440,000		1,292,400
Nova Chemicals, Ltd.
7.875% due 09/15/2025		1,470,000		1,234,800
Sterling Chemicals, Inc.
10.25% due 04/01/2015 (g)		820,000		820,000
				7,948,687
Computers & Business Equipment - 0.20%
Cisco Systems, Inc.
5.50% due 02/22/2016		2,490,000		2,576,171
Computer Sciences Corp.
6.50% due 03/15/2018 (g)		2,400,000		2,438,381
				5,014,552
Containers & Glass - 0.13%
BWAY Corp.
10.00% due 10/15/2010		2,225,000		2,141,562
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		800,000		672,000
US Corrugated, Inc.
10.00% due 06/12/2013		570,000		399,000
				3,212,562
Crude Petroleum & Natural Gas - 0.01%
Premcor Refining Group, Inc.
7.50% due 06/15/2015		206,000		215,710
Diversified Financial Services - 0.01%
Tate & Lyle International Finance PLC
5.00% due 11/15/2014 (g)		417,000		387,365
Domestic Oil - 0.17%
Devon Financing Corp., ULC
6.875% due 09/30/2011		295,000		321,987
Marathon Oil Corp.
5.90% due 03/15/2018		3,065,000		3,080,935

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

16

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Domestic Oil (continued)
Marathon Oil Corp. (continued)
6.00% due 10/01/2017	$	880,000	$	892,707
				4,295,629
Drugs & Health Care - 0.07%
Allegiance Corp.
7.00% due 10/15/2026		255,000		259,510
Covidien International Finance SA
6.00% due 10/15/2017 (g)		1,370,000		1,412,063
				1,671,573
Electrical Utilities - 3.07%
AES Eastern Energy LP, Series 99-A
9.00% due 01/02/2017		3,019,215		3,124,887
AES Gener SA
7.50% due 03/25/2014		906,000		962,678
American Electric Power Company, Inc.
5.25% due 06/01/2015		540,000		534,254
Appalachian Power Company
5.80% due 10/01/2035		1,961,000		1,679,104
7.00% due 04/01/2038		4,525,000		4,434,473
Arizona Public Service Company
5.50% due 09/01/2035		1,118,000		882,735
BVPS II Funding Corp.
8.89% due 06/01/2017		969,000		1,138,555
CenterPoint Energy Houston Electric LLC, Series K2
6.95% due 03/15/2033		535,000		565,667
CenterPoint Energy Resources Corp.
7.875% due 04/01/2013		1,765,000		1,960,686
Commonwealth Edison Company
5.80% due 03/15/2018		1,900,000		1,890,012
Constellation Energy Group
7.60% due 04/01/2032		1,850,000		1,873,948
Dominion Resources, Inc.
5.70% due 09/17/2012		368,000		385,368
6.30% due 09/30/2066 (b)		3,200,000		2,926,493
7.50% due 06/30/2066 (b)		1,680,000		1,550,758
Electricidad De Caracas Finance BV
10.25% due 10/15/2014 (g)		200,000		228,000
Empresa Nacional De Electricidad
8.50% due 04/01/2009		412,000		430,655
Enel Finance International SA
6.25% due 09/15/2017 (g)		2,335,000		2,422,565
Enersis SA
7.375% due 01/15/2014		633,000		698,282
Entergy Louisiana LLC
8.09% due 01/02/2017		3,476,307		3,503,318
Exelon Generation Company, LLC
6.95% due 06/15/2011		2,033,000		2,156,830
FirstEnergy Corp.
6.45% due 11/15/2011		481,000		503,491
7.375% due 11/15/2031		1,299,000		1,413,054
Funding Corp.
9.00% due 06/01/2017		4,249,000		4,724,591
HQI Transelec Chile SA
7.875% due 04/15/2011		1,705,000		1,842,933
Ipalco Enterprises, Inc.
8.625% due 11/14/2011		1,655,000		1,741,888
Jersey Central Power & Light Company, Series WI
6.40% due 05/15/2036		2,000,000		1,857,066

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Monterrey Power SA de CV
9.625% due 11/15/2009 (g)	$	1,398,595	$	1,506,986
National Grid PLC
6.30% due 08/01/2016		2,515,000		2,583,514
Nevada Power Company
5.875% due 01/15/2015		1,785,000		1,750,176
6.65% due 04/01/2036		2,330,000		2,194,392
Pacific Gas & Electric Company
4.20% due 03/01/2011		2,329,000		2,338,558
4.80% due 03/01/2014		598,000		603,181
6.05% due 03/01/2034		2,636,000		2,584,158
PNPP II Funding Corp.
9.12% due 05/30/2016		832,000		994,540
PPL Energy Supply LLC
6.50% due 05/01/2018		2,000,000		1,988,208
PSEG Power LLC
5.00% due 04/01/2014		736,000		716,323
8.625% due 04/15/2031		736,000		902,789
Scottish Power PLC
4.91% due 03/15/2010		1,265,000		1,277,460
Tampa Electric Company
6.55% due 05/15/2036		2,000,000		1,978,778
Taqa Abu Dhabi National Energy Company
5.62% due 10/25/2012 (g)		1,415,000		1,459,172
6.50% due 10/27/2036 (g)		2,845,000		2,559,817
Texas Competitive Electric Holdings Company LLC
10.25% due 11/01/2015 (g)		1,780,000		1,773,325
TXU Corp., Series R
6.55% due 11/15/2034		2,670,000		1,884,961
United Energy Distribution Property, Ltd.
4.70% due 04/15/2011 (g)		344,000		356,601
Virginia Electric and Power Company
6.00% due 01/15/2036		2,000,000		1,951,484
				76,836,714
Electronics - 0.03%
Jabil Circuit, Inc.
5.875% due 07/15/2010		853,000		842,465
Energy - 0.32%
Duke Capital LLC
6.75% due 02/15/2032		589,000		560,287
Enterprise Products Operating LP
4.95% due 06/01/2010		535,000		545,839
Enterprise Products Operating LP, Series B
6.875% due 03/01/2033		471,000		467,907
GS Caltex Corp.
5.50% due 08/25/2014 (g)		471,000		408,004
Nexen, Inc.
5.875% due 03/10/2035		598,000		544,192
Progress Energy, Inc.
5.625% due 01/15/2016		2,000,000		2,039,560
Salton Sea Funding Corp., Series E
8.30% due 05/30/2011		976,303		1,107,235
Salton Sea Funding Corp., Series F
7.475% due 11/30/2018		1,704,448		1,974,672
Sempra Energy
4.75% due 05/15/2009		437,000		440,926
				8,088,622

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

17

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services - 5.83%
Allied Capital Corp.
6.625% due 07/15/2011	$	1,450,000	$	1,521,591
American Express Bank FSB, BKNT
6.00% due 09/13/2017		3,085,000		3,007,496
American Express Company
7.00% due 03/19/2018 (a)		1,710,000		1,795,191
American General Finance Corp.
6.90% due 12/15/2017		1,645,000		1,607,616
Ameriprise Financial, Inc.
5.65% due 11/15/2015		3,500,000		3,417,911
Aries Vermogensverwaltung GmbH
9.60% due 10/25/2014		750,000		982,740
Astoria Depositor Corp.
8.144% due 05/01/2021 (g)		3,380,000		3,396,900
AXA Financial, Inc.
7.75% due 08/01/2010		533,000		582,880
Bear Stearns Companies, Inc.
3.474% due 01/31/2011 (b)		2,000,000		1,834,752
4.65% due 07/02/2018		3,360,000		2,868,247
5.30% due 10/30/2015		1,695,000		1,591,166
7.25% due 02/01/2018		3,420,000		3,534,197
Bosphorus Financial Services, Ltd.
4.865% due 02/15/2012 (b)(g)		2,135,000		2,054,534
Caterpillar Financial Services Corp.
4.50% due 06/15/2009		520,000		525,798
Caterpillar Financial Services Corp., MTN
5.45% due 04/15/2018		3,600,000		3,662,323
CIT Group Funding Company of Canada
4.65% due 07/01/2010		1,550,000		1,271,972
CIT Group, Inc.
5.00% due 02/13/2014		425,000		334,455
5.65% due 02/13/2017		620,000		480,777
6.10% due 03/15/2067 (b)		1,630,000		726,181
CIT Group, Inc., MTN
5.125% due 09/30/2014		535,000		407,192
Citigroup, Inc.
5.625% due 08/27/2012		981,000		971,287
6.875% due 03/05/2038		1,750,000		1,748,763
CNOOC Finance 2003, Ltd.
5.50% due 05/21/2033 (g)		545,000		452,056
Credit Suisse First Boston USA, Inc.
6.50% due 01/15/2012		491,000		521,915
Dresdner Bank-New York
7.25% due 09/15/2015		589,000		635,642
ERP Operating LP
4.75% due 06/15/2009		687,000		686,033
ESI Tractebel Acquisition Corp., Series B
8.00% due 12/30/2011		1,943,000		1,985,188
Ford Motor Credit Company LLC
9.75% due 09/15/2010		2,683,000		2,389,944
9.875% due 08/10/2011		995,000		887,293
Fund American Companies, Inc.
5.875% due 05/15/2013		709,000		739,063
General Electric Capital Corp.
5.45% due 01/15/2013		3,064,000		3,209,197
GMAC LLC
6.00% due 12/15/2011		1,575,000		1,177,302
Goldman Sachs Capital II
5.793% due 12/29/2049 (b)		3,495,000		2,328,020

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Goldman Sachs Group, Inc.
6.15% due 04/01/2018	$	2,035,000	$	2,031,980
6.75% due 10/01/2037		945,000		879,165
Goldman Sachs Group, Inc., MTNB
4.294% due 07/22/2015 (b)		2,135,000		1,867,882
Household Finance Corp.
6.40% due 06/17/2008		1,838,000		1,846,229
HSBC Finance Corp.
5.00% due 06/30/2015		2,507,000		2,359,666
5.50% due 01/19/2016		2,830,000		2,737,666
Huntington Capital III
6.65% due 05/15/2037 (b)		1,985,000		1,525,889
HVB Funding Trust III
9.00% due 10/22/2031 (g)		500,000		519,273
Independencia International, Ltd.
9.875% due 01/31/2017 (g)		715,000		664,950
International Lease Finance Corp.
3.50% due 04/01/2009		677,000		666,838
4.55% due 10/15/2009		393,000		392,332
4.75% due 07/01/2009		1,530,000		1,525,090
5.00% due 04/15/2010		549,000		549,356
5.875% due 05/01/2013		785,000		778,653
6.375% due 03/25/2013		4,000,000		3,996,916
International Lease Finance Corp., Series P
4.658% due 01/15/2010 (b)		652,000		625,070
Jefferies Group, Inc.
6.45% due 06/08/2027		1,090,000		875,847
John Deere Capital Corp., Series D
4.125% due 01/15/2010		1,961,000		1,993,037
JP Morgan Chase & Company
6.75% due 02/01/2011		922,000		978,985
JP Morgan Chase Capital XX, Series T
6.55% due 09/29/2036		4,045,000		3,538,805
JP Morgan Chase Capital XXIII
4.065% due 05/15/2047 (b)		4,175,000		3,167,543
Kaupthing Bank HF
4.958% due 01/15/2010 (b)(g)		2,000,000		1,805,156
Lehman Brothers Holdings, Inc., MTN
5.25% due 02/06/2012		4,482,000		4,324,843
5.625% due 01/24/2013		2,825,000		2,746,931
MBNA Capital, Series B
4.0394% due 02/01/2027 (b)		1,157,000		965,195
Mizuho Financial Group (Cayman), Ltd.
8.375% due 12/29/2049		2,515,000		2,500,463
Mizuho JGB Investment LLC
9.87% due 12/31/2049 (b)(g)		1,740,000		1,747,230
Morgan Stanley
4.25% due 05/15/2010		1,633,000		1,609,545
Morgan Stanley, MTN
5.95% due 12/28/2017		4,230,000		4,088,113
6.25% due 08/09/2026		2,600,000		2,301,811
6.625% due 04/01/2018		1,745,000		1,745,614
Nelnet, Inc.
7.40% due 09/29/2036 (b)		2,290,000		1,491,917
NiSource Finance Corp.
6.15% due 03/01/2013		977,000		1,009,850
7.875% due 11/15/2010		814,000		884,860
Osiris Capital PLC, Series C
7.108% due 01/15/2010 (b)(g)		4,805,000		4,774,587

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

18

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Osiris Capital PLC, Series D
9.258% due 01/15/2010 (b)(g)	$	1,875,000	$	1,890,723
Popular North America, Inc.
4.70% due 06/30/2009		598,000		599,253
QBE Capital Funding II LP
6.797% due 06/01/2049 (g)		2,315,000		2,097,251
Reliastar Financial Corp.
6.50% due 11/15/2008		716,000		729,195
SB Treasury Company LLC
9.40% due 12/29/2049 (b)(g)		340,000		344,437
Schwab Capital Trust I
7.50% due 11/15/2037 (b)		1,890,000		1,756,717
Skandinaviska Enskilda Banken AB
5.471% due 03/29/2049 (b)(g)		2,100,000		1,895,034
SLM Corp.
3.631% due 01/27/2014 (b)		1,000,000		700,381
4.50% due 07/26/2010		1,895,000		1,554,885
SMFG Preferred Capital
6.078% due 01/29/2049 (b)(g)		2,000,000		1,568,000
Sovereign Capital Trust VI
7.908% due 06/13/2036		1,650,000		1,341,618
Teco Finance, Inc.
6.572% due 11/01/2017 (g)		792,000		803,880
7.00% due 05/01/2012 (g)		1,143,000		1,232,089
Textron Financial Corp.
6.00% due 02/15/2067 (b)(g)		3,000,000		2,635,908
Ucar Finance, Inc.
10.25% due 02/15/2012		417,000		431,595
Vita Capital III, Ltd., Series B-I
5.829% due 01/01/2011 (b)(g)		4,280,000		4,184,635
Waddell & Reed Financial, Inc.
5.60% due 01/15/2011		1,600,000		1,632,984
Wells Fargo & Company
3.50% due 04/04/2008		981,000		980,991
Westfield Capital Corp., Ltd.
4.375% due 11/15/2010 (g)		721,000		706,792
				145,939,277
Food & Beverages - 0.62%
ASG Consolidated LLC/ASG Finance, Inc.
zero coupon due 11/01/2011		2,150,000		1,935,000
General Mills, Inc.
5.70% due 02/15/2017		1,215,000		1,224,997
Kellogg Company, Series B
6.60% due 04/01/2011		481,000		518,350
Kraft Foods, Inc.
5.625% due 11/01/2011		966,000		984,258
Kroger Company
5.00% due 04/15/2013		2,000,000		2,011,112
6.40% due 08/15/2017		2,000,000		2,110,748
6.90% due 04/15/2038		2,000,000		2,030,460
Nabisco, Inc.
7.55% due 06/15/2015		1,471,000		1,598,787
Smithfield Foods, Inc.
7.00% due 08/01/2011		897,000		883,545
Tesco PLC
6.15% due 11/15/2037 (g)		2,400,000		2,325,811
				15,623,068

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Gas & Pipeline Utilities - 1.08%
Buckeye Partners LP
5.125% due 07/01/2017	$	1,150,000	$	1,104,483
Dynegy-Roseton Danskammer, Series B
7.67% due 11/08/2016		2,010,000		2,013,779
Energy Transfer Partners LP
6.625% due 10/15/2036		1,000,000		927,312
Kinder Morgan Energy Partners LP
5.80% due 03/15/2035		402,000		340,026
7.30% due 08/15/2033		603,000		615,584
MarkWest Energy Partners LP, Series B
8.50% due 07/15/2016		1,770,000		1,783,275
Michigan Consolidated Gas Company
5.70% due 03/15/2033		736,000		680,529
NGPL Pipeco LLC
7.119% due 12/15/2017 (g)		2,020,000		2,089,569
ONEOK Partners LP
6.65% due 10/01/2036		2,935,000		2,832,357
Southern Union Company
7.20% due 11/01/2066 (b)		4,880,000		4,099,200
TEPPCO Partners LP
6.65% due 04/15/2018		3,000,000		3,030,369
7.00% due 06/01/2067 (b)		6,230,000		5,338,169
Texas Eastern Transmission LP
6.00% due 09/15/2017 (g)		2,110,000		2,208,600
				27,063,252
Gold - 0.04%
New Gold, Inc.
10.00% due 06/28/2017	CAD	1,180,000		931,171
Healthcare Products - 0.05%
Alliance Imaging, Inc., Series B
7.25% due 12/15/2012	$	650,000		611,000
Bausch & Lomb, Inc.
9.875% due 11/01/2015 (g)		615,000		625,762
				1,236,762
Healthcare Services - 0.81%
Aetna, Inc.
6.75% due 12/15/2037		5,605,000		5,341,784
Coventry Health Care, Inc.
5.875% due 01/15/2012		1,270,000		1,291,204
6.30% due 08/15/2014		3,835,000		3,852,626
UnitedHealth Group, Inc.
4.875% due 02/15/2013		940,000		928,523
5.375% due 03/15/2016		1,130,000		1,071,324
5.50% due 11/15/2012		1,155,000		1,172,302
5.80% due 03/15/2036		540,000		445,073
6.00% due 02/15/2018		940,000		920,746
6.625% due 11/15/2037		3,080,000		2,849,899
6.875% due 02/15/2038		470,000		449,063
WellPoint, Inc.
5.00% due 12/15/2014		417,000		392,263
6.375% due 06/15/2037		1,735,000		1,555,377
				20,270,184
Holdings Companies/Conglomerates - 0.30%
General Electric Company
5.00% due 02/01/2013		6,475,000		6,706,954

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

19

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Holdings Companies/Conglomerates
(continued)
SPI Electricity & Gas Australia Holdings Party, Ltd.
6.15% due 11/15/2013 (g)	$	798,000	$	831,782
				7,538,736
Homebuilders - 0.02%
Pulte Homes, Inc.
6.25% due 02/15/2013		515,000		468,650
Hotels & Restaurants - 0.33%
Dave & Buster's, Inc.
11.25% due 03/15/2014		660,000		600,600
Marriott International, Inc.
4.625% due 06/15/2012		1,324,000		1,273,605
Starbucks Corp.
6.25% due 08/15/2017		1,915,000		1,997,523
Starwood Hotels & Resorts Worldwide, Inc.
6.25% due 02/15/2013		1,690,000		1,687,882
Yum! Brands, Inc.
6.25% due 03/15/2018		1,715,000		1,723,752
6.875% due 11/15/2037		1,000,000		956,740
				8,240,102
Household Products - 0.10%
Clorox Company
5.00% due 03/01/2013		2,400,000		2,408,194
Industrial Machinery - 0.20%
Caterpillar, Inc.
7.25% due 09/15/2009		687,000		726,025
Weatherford International, Ltd.
6.50% due 08/01/2036		2,400,000		2,286,653
7.00% due 03/15/2038		2,000,000		2,030,294
				5,042,972
Insurance - 4.48%
ACE INA Holdings, Inc.
6.70% due 05/15/2036		3,630,000		3,518,178
Allied World Assurance Holdings, Ltd.
7.50% due 08/01/2016		4,360,000		4,473,046
American International Group, Inc., MTN
5.85% due 01/16/2018		1,755,000		1,722,253
AON Capital Trust A
8.205% due 01/01/2027		2,630,000		2,525,784
Arch Capital Group, Ltd.
7.35% due 05/01/2034		3,000,000		2,971,230
Assurant, Inc.
5.625% due 02/15/2014		461,000		452,790
6.75% due 02/15/2034		3,955,000		3,764,776
Avalon Re, Ltd.
4.786% due 06/06/2008 (b)(g)		1,750,000		1,724,800
6.008% due 06/06/2008 (g)		1,000,000		968,300
AXA SA
6.379% due 12/14/2049 (b)(g)		1,175,000		947,133
6.463% due 12/31/2049 (b)(g)		4,065,000		3,262,638
Catlin Insurance Company, Ltd.
7.249% due 12/31/2049 (b)(g)		4,500,000		3,756,015
CNA Financial Corp.
6.00% due 08/15/2011		1,580,000		1,622,455
Endurance Specialty Holdings, Ltd.
7.00% due 07/15/2034		3,600,000		3,444,520

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
First American Corp.
7.55% due 04/01/2028	$	1,485,000	$	1,526,880
Foundation Re II, Ltd.
9.82% due 11/26/2010 (b)(g)		900,000		914,607
Genworth Financial, Inc.
6.15% due 11/15/2066 (b)		1,460,000		1,219,407
Hartford Financial Services Group, Inc.
4.625% due 07/15/2013		417,000		410,662
6.30% due 03/15/2018		4,955,000		4,964,400
Horace Mann Educators Corp.
6.85% due 04/15/2016		1,190,000		1,278,780
Liberty Mutual Group, Inc.
6.50% due 03/15/2035 (g)		5,037,000		4,603,163
7.50% due 08/15/2036 (g)		6,245,000		5,915,951
7.80% due 03/15/2037 (g)		2,485,000		2,095,029
Lincoln National Corp.
6.05% due 04/20/2067 (b)		2,265,000		1,980,344
6.30% due 10/09/2037		2,605,000		2,354,774
7.00% due 05/17/2066 (b)		5,355,000		4,910,417
Markel Corp.
6.80% due 02/15/2013		1,605,000		1,677,726
Merna Reinsurance, Ltd., Series B
4.421% due 12/31/2010 (b)(g)		2,815,000		2,568,124
MetLife, Inc.
5.70% due 06/15/2035		2,780,000		2,473,027
6.40% due 12/15/2036 (b)		2,715,000		2,157,448
Mystic Re, Ltd.
11.3812% due 12/05/2008 (b)(g)		1,220,000		1,209,752
North Front Pass-Through Trust
5.81% due 12/15/2024 (b)(g)		1,130,000		1,115,735
Ohio Casualty Corp.
7.30% due 06/15/2014		2,115,000		2,208,724
Oil Casualty Insurance, Ltd.
8.00% due 09/15/2034 (g)		5,150,000		4,570,898
PartnerRe Finance
6.44% due 12/01/2066 (b)		3,550,000		3,024,060
Progressive Corp.
6.70% due 06/15/2037 (b)		1,135,000		1,010,855
Prudential Financial, Inc.
4.75% due 04/01/2014		1,343,000		1,331,226
Prudential Financial, Inc., MTN
5.15% due 01/15/2013		2,600,000		2,596,051
RenaissanceRe Holdings, Ltd.
7.00% due 07/15/2008		1,950,000		1,962,006
StanCorp Financial Group, Inc.
6.90% due 05/29/2067 (b)		3,600,000		3,200,130
Symetra Financial Corp.
6.125% due 04/01/2016 (g)		1,650,000		1,540,740
8.30% due 10/15/2067 (b)(g)		1,550,000		1,459,806
Transatlantic Holdings, Inc.
5.75% due 12/14/2015		3,055,000		3,190,755
Travelers Property Casualty, Inc.
6.375% due 03/15/2033		1,069,000		1,035,912
W.R. Berkley Corp.
6.15% due 08/15/2019		699,000		692,198
White Mountains Re Group, Ltd.
7.506% due 05/29/2049 (b)(g)		4,930,000		3,795,518
XL Capital, Ltd.
5.25% due 09/15/2014		741,000		674,935

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

20

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)	$	1,715,000	$	1,285,468
				112,109,426
International Oil - 0.31%
Delek & Avner-Yam Tethys, Ltd.
5.326% due 08/01/2013 (g)		1,120,278		1,149,271
Pemex Project Funding Master Trust
4.168% due 06/15/2010 (b)(g)		897,000		892,067
6.125% due 08/15/2008		24,000		24,156
Ras Laffan Liquefied Natural Gas Company, Ltd.
3.437% due 09/15/2009 (g)		406,602		409,021
Ras Laffan Liquefied Natural Gas Company, Ltd. III
5.838% due 09/30/2027 (g)		1,435,000		1,306,768
Talisman Energy, Inc.
6.25% due 02/01/2038		2,775,000		2,556,646
Western Oil Sands, Inc.
8.375% due 05/01/2012		1,320,000		1,482,946
				7,820,875
Investment Companies - 0.24%
Allied Capital Corp.
6.00% due 04/01/2012		5,850,000		5,915,959
Leisure Time - 0.82%
Cinemark, Inc.
zero coupon, step up to 9.75% on
03/15/2009 due 03/15/2014		820,000		738,000
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015 (g)		1,750,000		1,233,750
Greektown Holdings LLC
10.75% due 12/01/2013 (g)		1,085,000		987,350
Indianapolis Downs Capital LLC
11.00% due 11/01/2012 (g)		1,075,000		946,000
Isle of Capri Casinos, Inc.
7.00% due 03/01/2014		1,305,000		929,812
Jacobs Entertainment, Inc.
9.75% due 06/15/2014		1,705,000		1,278,750
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014 (g)		1,740,000		1,753,050
Majestic Star Casino LLC
9.50% due 10/15/2010		1,445,000		1,275,213
MGM Mirage, Inc.
6.00% due 10/01/2009		816,000		809,880
Mohegan Tribal Gaming Authority
6.375% due 07/15/2009		437,000		437,000
8.00% due 04/01/2012 (a)		842,000		770,430
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		1,030,000		896,100
9.75% due 04/01/2010 (a)		1,420,000		1,370,300
Pokagon Gaming Authority
10.375% due 06/15/2014 (g)		704,000		742,720
Seminole Indian Tribe of Florida
6.535% due 10/01/2020 (g)		2,240,000		2,368,957
Trump Entertainment Resorts, Inc.
8.50% due 06/01/2015		1,555,000		1,041,850
Turning Stone Resort Casino
9.125% due 09/15/2014 (g)		1,875,000		1,790,625

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
Waterford Gaming LLC
8.625% due 09/15/2014 (g)	$	1,184,000	$	1,130,720
				20,500,507
Liquor - 0.15%
Anheuser-Busch Companies, Inc.
5.75% due 04/01/2036		1,000,000		975,553
6.45% due 09/01/2037		2,000,000		2,158,480
6.50% due 02/01/2043		540,000		579,200
				3,713,233
Manufacturing - 0.38%
General Electric Company
5.25% due 12/06/2017		1,715,000		1,712,633
GRUPO KUO SAB de CV
9.75% due 10/17/2017 (g)		1,645,000		1,529,850
Tyco Electronics Group SA
6.55% due 10/01/2017 (g)		4,065,000		4,260,990
7.125% due 10/01/2037 (g)		2,000,000		2,086,728
				9,590,201
Medical-Hospitals - 0.25%
Alliance Imaging, Inc.
7.25% due 12/15/2012		895,000		841,300
Community Health Systems, Inc.
8.875% due 07/15/2015		2,450,000		2,459,187
Owens & Minor, Inc.
6.35% due 04/15/2016		3,000,000		3,031,824
				6,332,311
Metal & Metal Products - 0.14%
Alcan, Inc.
5.00% due 06/01/2015		339,000		333,034
Blaze Recycling & Metals LLC / Blaze Finance Corp.
10.875% due 07/15/2012 (g)		575,000		506,000
CII Carbon LLC
11.125% due 11/15/2015 (g)		1,845,000		1,642,050
Vedanta Resources PLC
6.625% due 02/22/2010 (g)		935,000		916,300
				3,397,384
Mining - 0.08%
Corporacion Nacional del Cobre
5.50% due 10/15/2013 (g)		481,000		504,849
Drummond Company, Inc.
7.375% due 02/15/2016 (g)		1,015,000		928,725
Freeport-McMoRan Copper & Gold, Inc.
8.375% due 04/01/2017		450,000		477,563
				1,911,137
Paper - 0.16%
International Paper Company
5.85% due 10/30/2012		524,000		524,595
Plum Creek Timberlands LP
5.875% due 11/15/2015		1,695,000		1,755,320
Verso Paper, Inc., Series B
9.125% due 08/01/2014		1,745,000		1,683,925
				3,963,840
Petroleum Services - 0.62%
Allis-Chalmers Energy, Inc.
8.50% due 03/01/2017		1,150,000		1,012,000

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

21

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Petroleum Services (continued)
Anadarko Petroleum Corp.
3.25% due 05/01/2008	$	3,250,000	$	3,249,233
Enterprise Products Operating LP
7.034% due 01/15/2068 (b)		2,005,000		1,701,980
8.375% due 08/01/2066 (b)		3,700,000		3,601,432
McMoRan Exploration Company
11.875% due 11/15/2014		1,200,000		1,212,000
Premcor Refining Group, Inc.
6.75% due 05/01/2014		2,100,000		2,204,242
Valero Logistics Operations LP
6.05% due 03/15/2013		2,392,000		2,476,493
				15,457,380
Pharmaceuticals - 0.71%
Abbott Laboratories
5.875% due 05/15/2016		2,330,000		2,483,703
AstraZeneca PLC
5.90% due 09/15/2017		2,110,000		2,230,403
Hospira, Inc.
5.90% due 06/15/2014		412,000		418,368
Schering Plough Corp.
5.55% due 12/01/2013		937,000		967,752
6.00% due 09/15/2017		5,500,000		5,527,335
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016		1,680,000		1,691,513
6.15% due 02/01/2036		1,680,000		1,637,693
Wyeth
5.50% due 03/15/2013		2,770,000		2,933,175
				17,889,942
Pipelines - 0.19%
Enbridge Energy Partners LP
6.50% due 04/15/2018 (g)		2,400,000		2,387,184
7.50% due 04/15/2038 (g)		2,400,000		2,393,064
				4,780,248
Publishing - 0.05%
Idearc, Inc.
8.00% due 11/15/2016		1,915,000		1,239,962
Railroads & Equipment - 0.20%
Union Pacific Corp.
5.70% due 08/15/2018		4,950,000		4,982,867
Real Estate - 1.97%
Boston Properties, Ltd., REIT
6.25% due 01/15/2013		785,000		809,085
Camden Property Trust, REIT
5.00% due 06/15/2015		804,000		718,987
Colonial Properties Trust, REIT
6.25% due 06/15/2014		554,000		498,293
Colonial Realty LP
5.50% due 10/01/2015		569,000		450,844
Developers Diversified Realty Corp., REIT
4.625% due 08/01/2010		1,103,000		1,058,818
ERP Operating LP
5.75% due 06/15/2017		7,294,000		6,642,230
Health Care Property Investors, Inc., MTN, REIT
4.875% due 09/15/2010		1,471,000		1,452,296
5.625% due 02/28/2013		2,480,000		2,248,782

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
Health Care Property Investors, Inc., REIT
6.30% due 09/15/2016	$	1,040,000	$	890,051
Health Care, Inc., REIT
6.00% due 11/15/2013		755,000		724,823
6.20% due 06/01/2016		3,380,000		2,941,746
Healthcare Realty Trust, Inc., REIT
8.125% due 05/01/2011		1,875,000		2,005,584
Hospitality Properties Trust, REIT
6.75% due 02/15/2013		3,028,000		2,977,051
HRPT Properties Trust
6.65% due 01/15/2018		995,000		860,435
Kimco Realty Corp., REITS
5.70% due 05/01/2017		3,225,000		3,048,729
Nationwide Health Properties, Inc., REIT
6.50% due 07/15/2011		1,535,000		1,601,427
ProLogis, REIT
5.625% due 11/15/2016		1,750,000		1,591,333
Realty Income Corp.
5.95% due 09/15/2016		3,030,000		2,782,398
Rouse Company LP, REIT
6.75% due 05/01/2013 (g)		1,685,000		1,452,086
Rouse Company, REIT
3.625% due 03/15/2009		2,800,000		2,636,623
5.375% due 11/26/2013		456,000		356,959
Shimao Property Holdings, Ltd.
8.00% due 12/01/2016 (g)		1,490,000		1,080,250
Simon Property Group LP, REIT
5.75% due 12/01/2015		3,555,000		3,381,754
5.875% due 03/01/2017		2,520,000		2,388,469
6.10% due 05/01/2016		1,000,000		965,381
USB Realty Corp.
6.091% due 12/22/2049 (b)(g)		2,600,000		1,690,000
Vornado Realty LP
5.60% due 02/15/2011		2,000,000		1,962,566
				49,217,000
Retail - 0.28%
CVS Caremark Corp.
5.75% due 06/01/2017		2,030,000		2,061,589
6.302% due 06/01/2037 (b)		3,465,000		3,177,488
Target Corp.
6.50% due 10/15/2037		1,800,000		1,740,420
				6,979,497
Retail Trade - 0.08%
Safeway, Inc.
6.35% due 08/15/2017		1,820,000		1,923,727
Sanitary Services - 0.03%
Waste Management, Inc.
7.75% due 05/15/2032		625,000		688,496
Semiconductors - 0.05%
Freescale Semiconductor, Inc.
10.125% due 12/15/2016		1,950,000		1,316,250
Software - 0.07%
Fiserv, Inc.
6.80% due 11/20/2017		1,600,000		1,653,448

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

22

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Steel - 0.17%
United States Steel Corp.
7.00% due 02/01/2018	$	2,000,000	$	1,953,592
WCI Steel Acquisition, Inc.
8.00% due 05/01/2016		2,375,000		2,339,375
				4,292,967
Telecommunications Equipment &
Services - 0.48%
Citizens Communications Company
6.25% due 01/15/2013		1,515,000		1,371,075
Deutsche Telekom International Finance BV
6.625% due 07/11/2011	EUR	99,000		161,805
8.00% due 06/15/2010	$	1,098,000		1,174,533
8.25% due 06/15/2030		1,358,000		1,629,036
Digicel Group, Ltd.
8.875% due 01/15/2015 (g)		2,010,000		1,678,350
France Telecom SA
7.75% due 03/01/2011		996,000		1,080,005
8.50% due 03/01/2031		1,009,000		1,250,046
SBC Communications, Inc.
4.125% due 09/15/2009		368,000		370,048
5.10% due 09/15/2014		799,000		793,782
5.625% due 06/15/2016		613,000		614,738
Singapore Telecommunications, Ltd.
6.375% due 12/01/2011 (g)		466,000		503,710
West Corp.
11.00% due 10/15/2016		1,615,000		1,364,675
				11,991,803
Telephone - 1.16%
AT&T, Inc.
6.30% due 01/15/2038		2,080,000		2,011,204
6.80% due 05/15/2036		2,055,000		2,111,574
BellSouth Corp.
4.20% due 09/15/2009		613,000		617,054
6.00% due 11/15/2034		2,000,000		1,878,094
British Telecommunications PLC
5.95% due 01/15/2018		1,715,000		1,661,742
Cincinnati Bell, Inc.
8.375% due 01/15/2014 (a)		1,125,000		1,054,688
Qwest Corp.
7.875% due 09/01/2011		1,605,000		1,600,988
Sprint Capital Corp.
6.125% due 11/15/2008		2,438,000		2,419,715
6.375% due 05/01/2009		613,000		603,805
6.875% due 11/15/2028		6,950,000		5,177,750
8.375% due 03/15/2012		398,000		368,150
Telecom Italia Capital SA
4.00% due 01/15/2010		3,195,000		3,134,231
4.00% due 11/15/2008		981,000		971,994
7.20% due 07/18/2036		2,885,000		2,724,646
Verizon Communications, Inc.
6.40% due 02/15/2038		2,000,000		1,947,144
Verizon New York, Inc., Series A
6.875% due 04/01/2012		765,000		804,553
				29,087,332
Tobacco - 0.12%
Alliance One International, Inc.
8.50% due 05/15/2012		845,000		794,300

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Tobacco (continued)
Alliance One International, Inc. (continued)
11.00% due 05/15/2012	$	660,000	$	669,900
Reynolds American, Inc.
7.25% due 06/01/2013		1,360,000		1,440,459
				2,904,659
Transportation - 0.18%
CMA CGM SA
7.25% due 02/01/2013 (g)		2,610,000		2,270,700
Navios Maritime Holdings, Inc.
9.50% due 12/15/2014		1,705,000		1,698,606
Overseas Shipholding Group, Inc.
8.25% due 03/15/2013		148,000		148,555
8.75% due 12/01/2013		425,000		438,813
				4,556,674
Utility Service - 0.03%
Public Service Company of New Mexico
4.40% due 09/15/2008		667,000		665,605
TOTAL CORPORATE BONDS (Cost $893,195,527)			$	841,467,112
MUNICIPAL BONDS - 0.43%
Colorado - 0.17%
Denver City & County Board Of Water Commission
5.00% due 12/15/2029		4,165,000		4,206,150
District of Columbia - 0.20%
George Washington University D C
5.095% due 09/15/2032		4,850,000		4,858,488
Louisiana - 0.06%
St. John Baptist Parish of Louisiana
5.125% due 06/01/2037		1,755,000		1,540,188
TOTAL MUNICIPAL BONDS (Cost $10,620,259)			$	10,604,826
COLLATERALIZED MORTGAGE
OBLIGATIONS - 15.04%
American Home Mortgage Assets, Series 2006-6,
Class A1A
2.789% due 12/25/2046 (b)		2,455,918		1,838,798
American Home Mortgage Assets, Series 2006-6,
Class XP
4.033% IO due 12/25/2046		48,081,096		2,223,751
American Home Mortgage Assets, Series 2007-5,
Class XP
4.465% IO due 06/25/2047		35,229,813		1,849,565
American Home Mortgage Investment Trust, Series
2007-1, Class GIOP
2.078% IO due 05/25/2047		31,178,228		1,870,694
American Home Mortgage Investment Trust,
Series 2004-4, Class 5A
4.44% due 02/25/2045		4,408,354		3,959,704
American Tower Trust, Series 2007-1A, Class D
5.957% due 04/15/2037 (g)		2,850,000		2,621,444
Banc of America Commercial Mortgage, Inc.,
Series 2004-4, Class A3
4.128% due 07/10/2042		1,602,716		1,582,394
Banc of America Commercial Mortgage, Inc.,
Series 2005-2, Class AJ
4.953% due 07/10/2042 (b)		2,524,154		2,193,243

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

23

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Banc of America Commercial Mortgage, Inc.,
Series 2005-6, Class A4
5.181% due 09/10/2047 (b)	$	3,075,000	$	3,059,284
Banc of America Commercial Mortgage, Inc.,
Series 2006-2, Class A3
5.712% due 05/10/2045 (b)		5,245,000		5,166,265
Banc of America Commercial Mortgage, Inc.,
Series 2006-3, Class A4
5.889% due 07/10/2044		4,420,000		4,481,357
Banc of America Commercial Mortgage, Inc.,
Series 2006-4, Class A3A
5.60% due 08/10/2013		4,215,000		4,146,467
Banc of America Funding Corp., Series 2006-B,
Class 6A1
5.878% due 03/20/2036 (b)		2,845,468		2,640,037
Banc of America Funding Corp., Series 2006-D,
Class 6B1
5.946% due 05/20/2036 (b)		1,713,013		1,744,674
Banc of America Funding Corp., Series 2007-E,
Class 4A1
5.898% due 09/20/2037 (b)		2,079,210		2,107,810
Banc of America Large Loan,
Series 2005-MIB1, Class B
3.078% due 03/15/2022 (b)(g)		4,495,000		4,205,807
Banc of America Large Loan, Series 2006-BIX1,
Class C
2.998% due 10/15/2019 (b)(g)		5,214,117		4,876,134
Bank of America Commercial Mortgage, Inc.,
Series 2001-3, Class A1
4.89% due 04/11/2037		257,032		256,230
Bear Stearns Alt-A Trust, Series 2005-3, Class B2
5.608% due 04/25/2035 (b)		1,043,645		987,180
Bear Stearns Asset Backed Securities, Inc.,
Series 2003-AC4, Class A
5.00% due 09/25/2033		519,300		457,639
Bear Stearns Asset Backed Securities, Inc.,
Series 2004-AC5, Class A1
5.25% due 10/25/2034		456,812		416,982
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2003-T10, Class A2
4.74% due 03/13/2040		4,554,000		4,341,874
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR5, Class X1
0.219% IO due 07/11/2042 (b)		32,906,031		567,701
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-T16, Class X1
0.17% IO due 08/13/2046 (b)(g)		30,732,088		490,235
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-PWR8, Class AJ
4.75% due 06/11/2041		2,347,708		2,009,087
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-BBA7, Class G
3.258% due 03/15/2019 (b)(g)		2,300,000		2,043,310
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-PW14, Class D
5.412% due 12/11/2038 (g)		2,245,000		1,311,631
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-T24, Class AY
0.6025% IO due 10/12/2041		175,043,124		3,187,570

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bear Stearns Commercial Mortgage Securities,
Series 2002-TOP8, Class A2
4.83% due 08/15/2038	$	3,955,000	$	3,889,761
Bear Stearns Mortgage Funding Trust,
Series 2006-AR4, Class A1
2.809% due 12/25/2036 (b)		2,271,886		1,727,572
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class C
7.928% due 07/15/2032		1,470,381		1,546,937
Chaseflex Trust, Series 2005-2, Class 4A1
5.00% due 06/25/2035		2,463,150		2,425,435
Citigroup Commercial Mortgage Trust,
Series 2006-C4, Class A3
5.725% due 03/15/2049 (b)		3,544,000		3,576,819
Citigroup Mortgage Loan Trust, Inc., Series 2005-1,
Class 2B1
5.783% due 04/25/2035 (b)		1,562,736		1,592,205
Citigroup Mortgage Loan Trust, Inc.,
Series 2005-10, Class 1A5A
5.833% due 12/25/2035 (b)		2,064,906		1,534,650
Citigroup Mortgage Loan Trust, Inc., Series 2005-5,
Class 2A3
5.00% due 08/25/2035		1,378,298		1,385,621
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2005-CD1, Class C
5.226% due 09/15/2020 (b)		1,055,000		827,704
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A4
5.226% due 09/15/2020 (b)		2,080,000		2,076,314
Commercial Mortgage Pass Through Certificates,
Series 2003-LB1A, Class A2
4.084% due 06/10/2038		2,475,141		2,283,999
Commercial Mortgage Pass Through Certificates,
Series 2005-C6, Class B
5.211% due 06/10/2044 (b)		2,450,635		1,937,070
Commercial Mortgage Pass Through Certificates,
Series 2005-FL11, Class AJ
3.018% due 11/15/2017 (b)(g)		3,000,000		2,778,524
Commercial Mortgage Pass-Through Certificates,
Series 2006-C7, Class A3
5.706% due 06/10/2046 (b)		3,220,000		3,176,961
Countrywide Alternative Loan Trust, Series
2005-59, Class 2X
3.802% IO due 11/20/2035		38,163,275		1,359,567
Countrywide Alternative Loan Trust, Series
2006-OA10, Class XPP
1.948% IO due 08/25/2046 (b)		19,834,315		737,589
Countrywide Alternative Loan Trust, Series
2006-OA8, Class X
1.961% IO due 07/25/2046 (b)		37,252,621		1,443,539
Countrywide Alternative Loan Trust, Series
2007-OA8, Class X
2.00% IO due 08/25/2047 (b)		22,863,879		893,120
Countrywide Alternative Loan Trust, Series
2006-OA3, Class X
3.631% IO due 05/25/2036 (b)		15,527,541		640,511
Countrywide Alternative Loan Trust,
Series 2004-J7, Class 1A2
4.673% due 08/25/2034 (b)		98,240		96,491

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

24

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Countrywide Alternative Loan Trust,
Series 2006-11CB, Class 3A1
6.50% due 05/25/2036	$	2,366,056	$	2,367,535
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB2, Class 4A
4.525% due 07/20/2034 (b)		5,395,745		5,485,786
Countrywide Home Loans,
Series 2005-12, Class 2A5
5.50% due 05/25/2035		694,568		676,889
Credit Suisse Mortgage Capital Certificates,
Series 2006-C5, Class A2
5.246% due 12/15/2039		6,500,000		6,356,999
Credit Suisse Mortgage Capital Certificates,
Series 2006-TFLA, Class B
3.048% due 04/15/2008 (b)(g)		4,095,000		3,859,747
Crown Castle Towers LLC, Series 2006-1A, Class F
6.65% due 11/15/2036 (g)		6,825,000		6,156,963
Crown Castle Towers LLC, Series 2006-1A, Class G
6.795% due 11/15/2036 (g)		2,775,000		2,489,070
Crown Castle Towers LLC, Series 2005-1A, Class D
5.612% due 06/15/2035 (g)		3,195,000		3,040,681
Crown Castle Towers LLC, Series 2006-1A, Class E
6.065% due 11/15/2036 (g)		2,730,000		2,569,243
CS First Boston Mortgage Securities Corp.,
Series 2001-CF2, Class A3
6.238% due 02/15/2034		5,211		5,199
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		1,694,345		1,704,200
CS First Boston Mortgage Securities Corp.,
Series 2001-CP4, Class A4
6.18% due 12/15/2035		1,592,913		1,619,647
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		980,254		1,014,012
CS First Boston Mortgage Securities Corp.,
Series 2003-CPN1, Class A2
4.597% due 03/15/2035		5,125,000		4,875,716
CS First Boston Mortgage Securities Corp.,
Series 2004-C4, Class A4
4.283% due 10/15/2039		539,140		518,147
CS First Boston Mortgage Securities Corp.,
Series 2005-C1, Class AX
0.17% IO due 02/15/2038 (b)(g)		58,208,369		580,826
CS First Boston Mortgage Securities Corp.,
Series 2005-C2, Class B
5.016% due 04/15/2037 (b)		2,881,947		2,263,671
CS First Boston Mortgage Securities Corp.,
Series 2005-TF2A, Class K
4.018% due 09/15/2020 (b)(g)		1,000,000		913,342
DSLA Mortgage Loan Trust, Series 2005-AR5,
Class X2
3.388% IO due 08/19/2045		37,913,611		1,279,584
Federal Home Loan Mortgage Corp.,
Series 2005-3019, Class MD
4.75% due 01/15/2031		1,557,576		1,579,220
Federal Home Loan Mortgage Corp., Series 24989,
Class PE
6.00% due 08/15/2032		2,120,014		2,192,745

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.,
Series T-41, Class 3A
7.50% due 07/25/2032	$	188,882	$	199,789
Federal National Mortgage Association,
Series 2002-W3, Class A5
7.50% due 01/25/2028		366,420		398,612
Federal National Mortgage Association,
Series 2006-64, Class PC
5.50% due 10/25/2034		3,891,000		3,874,308
Federal National Mortgage Association,
Series 2006-67, Class PD
5.50% due 12/25/2034		4,162,000		4,144,145
First Horizon Alternative Mortgage Securities,
Series 2004-AA5, Class B1
5.212% due 11/25/2034 (b)		753,415		739,062
First Horizon Alternative Mortgage Securities,
Series 2006-AA2, Class B1
6.177% due 05/25/2036 (b)		1,290,960		872,257
First Union National Bank Commercial Mortgage
Trust, Series 2001-C2, Class A1
6.204% due 01/12/2043		300,885		300,586
First Union National Bank Commercial Mortgage
Trust, Series 2002-C1, Class A1
5.585% due 02/12/2034		398,784		400,520
GE Capital Commercial Mortgage Corp.,
Series 2001-1, Class A1
6.079% due 05/15/2033		41,722		42,051
GE Capital Commercial Mortgage Corp.,
Series 2001-3, Class A2
6.07% due 06/10/2038		1,102,786		1,119,172
GE Capital Commercial Mortgage Corp.,
Series 2002-2A, Class A3
5.349% due 08/11/2036		735,191		739,405
GE Capital Commercial Mortgage Corp.,
Series 2005-C1, Class XC
0.1242% IO due 06/10/2048 (b)(g)		91,089,862		1,026,601
GE Capital Commercial Mortgage Corp.,
Series 2005-C2, Class C
5.133% due 05/10/2043 (b)		2,171,263		1,710,642
G-Force LLC, Series 2005-RR2, Class A4B
5.422% due 12/27/2039 (g)		2,425,000		1,870,706
Global Signal Trust, Series 2004-2A, Class D
5.093% due 12/15/2014 (g)		1,700,000		1,668,324
Global Signal Trust, Series 2006-1, Class E
6.495% due 02/15/2036 (g)		2,205,000		2,174,165
Global Tower Partners Acquisition Partners LLC,
Series 2007-1A, Class F
7.05% due 05/15/2037 (g)		725,000		702,248
GMAC Commercial Mortgage Securities, Inc.,
Series 2003-C2, Class B
5.314% due 05/10/2040 (b)		6,983,000		6,951,032
GMAC Commercial Mortgage Securities, Inc.,
Series 2002-C1, Class A1
5.785% due 11/15/2039		1,782,014		1,791,804
GMAC Mortgage Corp. Loan Trust,
Series 2006-AR1, Class 2A1
5.637% due 03/19/2036 (b)		1,409,668		1,290,820
Greenpoint Mortgage Funding Trust, Series
2006-AR1, Class A2A
2.969% due 02/25/2036 (b)		2,457,081		1,630,164

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

25

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Greenwich Capital Commercial Funding Corp,
Series 2007-GG9, Class C
5.554% due 02/10/2017	$	1,695,000	$	1,150,109
Greenwich Capital Commercial Funding Corp,
Series 2007-GG9, Class F
5.633% due 02/10/2017		935,000		552,438
Greenwich Capital Commercial Funding Corp.,
Series 2002-C1, Class A2
4.112% due 01/11/2017		1,021,939		992,651
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG5, Class A2
5.117% due 04/10/2037		4,305,000		4,278,417
GS Mortgage Securities Corp. II, Series 2005-GG4,
Class XC
0.22% IO due 07/10/2039 (b)(g)		102,781,391		1,680,589
GS Mortgage Securities Corp. II, Series 2006-GG8,
Class A2
5.479% due 11/10/2039 (b)		3,295,000		3,255,854
GS Mortgage Securities Corp. II, Series 2006-GG8,
Class X
0.652% IO due 11/10/2039		58,868,107		2,004,300
GS Mortgage Securities Corp., Series 2006-NIM3,
Class N2
8.112% due 06/25/2046 (g)		508,081		504,905
GSR Mortgage Loan Trust, Series 2004-9, Class B1
5.187% due 08/25/2034 (b)		1,795,160		1,682,365
GSR Mortgage Loan Trust, Series 2006-AR1,
Class 3A1
5.386% due 01/25/2036 (b)		2,631,881		2,449,178
Harborview Mortgage Loan Trust, Series
2006-SB1, Class A1A
5.176% due 12/19/2036 (b)		3,419,236		2,444,753
Harborview Mortgage Loan Trust,
Series 2004-7, Class 2A3
6.563% due 11/19/2034 (b)		922,085		926,017
Harborview Mortgage Loan Trust,
Series 2005-8, Class 1X
3.625% IO due 09/19/2035 (b)		26,435,777		867,424
Harborview Mortgage Loan Trust,
Series 2007-3, Class ES
0.35% IO due 05/19/2047		72,355,500		542,666
Harborview Mortgage Loan Trust,
Series 2007-4, Class ES
0.35% IO due 07/19/2047		72,651,091		635,697
Harborview Mortgage Loan Trust,
Series 2007-6, Class ES
0.343% IO due 08/19/2037 (g)		50,650,660		379,880
Harborview NIM Corp., Series 2007-2A, Class N2
7.87% due 04/25/2037 (g)		190,696		190,696
Hilton Hotels Pool Trust, Series 2000-HLTA, Class B
3.619% due 10/03/2015 (b)(g)		335,000		335,466
Indymac Index Mortgage Loan Trust, Series
2005-AR18, Class 1X
3.7389% IO due 10/25/2036		65,653,939		1,784,966
Indymac Index Mortgage Loan Trust, Series
2005-AR18, Class 2X
3.4058% IO due 10/25/2036 (b)		77,664,618		1,844,535
IndyMac Index Mortgage Loan Trust,
Series 2004-AR13, Class B1
5.2962% due 01/25/2035		1,067,181		1,054,297

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
IndyMac Index Mortgage Loan Trust,
Series 2005-AR5, Class B1
5.6372% due 05/25/2035 (b)	$	1,789,478	$	1,715,012
IndyMac Index Mortgage Loan Trust,
Series 2006-AR19, Class 1B1
6.3945% due 08/25/2036 (b)		1,656,310		1,313,664
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2002-C1, Class A3
5.376% due 07/12/2037		2,568,266		2,585,243
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2004-CBX, Class A2
3.89% due 01/12/2037		475,820		470,398
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP7, Class A4
5.875% due 04/15/2045 (b)		2,675,000		2,718,581
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class A3B
5.447% due 05/15/2045 (b)		4,530,000		4,276,292
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class X
0.574% IO due 05/15/2045 (b)		89,335,303		2,810,498
JP Morgan Commercial Mortgage Finance Corp.,
Series 1997-C5, Class D
7.351% due 09/15/2029		1,155,610		1,175,668
JP Morgan Mortgage Trust, Series 2006-A7, Class
2A5
5.819% due 01/25/2037 (b)		4,369,399		4,107,263
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP3, Class A4B
4.996% due 08/15/2042 (b)		2,675,000		2,613,385
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP4, Class B
5.129% due 10/15/2042 (b)		1,335,000		1,038,390
JPMorgan Mortgage Trust, Series 2005-S2,
Class 2A16
6.50% due 09/25/2035		1,710,111		1,636,136
JPMorgan Mortgage Trust, Series 2005-S3,
Class 2A2
5.50% due 01/25/2021		2,526,065		2,489,753
LB-UBS Commercial Mortgage Trust,
Series 2002-C1,Class A4
6.462% due 03/15/2031		1,470,381		1,512,736
LB-UBS Commercial Mortgage Trust,
Series 2005-C1, Class XCL
0.2365% IO due 03/17/2020 (b)(g)		47,257,512		846,628
LB-UBS Commercial Mortgage Trust,
Series 2005-C3, Class G
5.111% due 06/17/2015 (b)(g)		1,264,528		883,652
LB-UBS Commercial Mortgage Trust,
Series 2005-C5, Class A2
4.885% due 09/15/2040		2,881,947		2,861,760
LB-UBS Commercial Mortgage Trust,
Series 2006-C4, Class A4
5.8831% due 06/15/2038 (b)		3,165,000		3,224,815
Lehman XS Trust, Series 2007-10H, Class 2A2
7.50% due 07/25/2037		7,060,887		6,441,208
Mastr Adjustable Rate Mortgages Trust,
Series 2004-13, Class 2A1
3.8173% due 04/21/2034 (b)		3,141,896		3,143,594

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

26

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Mastr Adjustable Rate Mortgages Trust,
Series 2004-8, Class 5A1
4.606% due 08/25/2034 (b)	$	4,156,799	$	3,824,849
Mastr Adjustable Rate Mortgages Trust,
Series 2005-2, Class 2A1
6.7856% due 03/25/2035 (b)		7,909,487		7,609,089
Mastr Adjustable Rate Mortgages Trust,
Series 2006-2, Class 4A1
4.9883% due 02/25/2036 (b)		8,936,207		8,203,751
Merrill Lynch Mortgage Trust,
Series 2004-KEY2, Class A4
4.864% due 08/12/2039 (b)		1,588,012		1,562,331
Merrill Lynch Mortgage Trust, Series 2005-CIP1,
Class XC
0.08% IO due 08/12/2020 (g)		277,055,526		1,474,102
Merrill Lynch Mortgage Trust, Series 2005-CIP1,
Class XP
0.1362% IO due 07/12/2038 (b)		235,423,746		1,594,996
Merrill Lynch Mortgage Trust, Series 2005-CKI1,
Class A6
5.2436% due 11/12/2037 (b)		2,855,000		2,852,645
Merrill Lynch Mortgage Trust, Series 2006-C2,
Class X
0.56% IO due 08/12/2026		77,549,411		1,739,930
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-2, Class A4
5.9095% due 06/12/2046 (b)		4,565,000		4,653,497
Merrill Lynch/Countrywide Commercial
Mortgage Trust, Series 2006-3, Class A4
5.414% due 07/12/2046 (b)		3,420,000		3,355,581
MLCC Mortgage Investors, Inc., Series 2005-A,
Class A1
2.8287% due 02/25/2030 (b)		154,923		118,415
MLCC Mortgage Investors, Inc., Series 2007-3,
Class M1
5.9801% due 09/25/2037 (b)		1,452,907		1,276,145
MLCC Mortgage Investors, Inc., Series 2007-3,
Class M2
5.9801% due 09/25/2037 (b)		546,965		457,636
MLCC Mortgage Investors, Inc., Series 2007-3,
Class M3
5.9801% due 09/25/2037 (b)		353,977		265,400
Morgan Stanley Capital I, Series 2006-IQ12, Class E
5.538% due 12/15/2043 (b)		2,170,000		1,428,849
Morgan Stanley Capital I, Series 2004-T13, Class A2
3.94% due 09/13/2045		959,851		941,270
Morgan Stanley Capital I, Series 2005-HQ7,
Class A2
5.2229% due 11/14/2042 (b)		2,185,000		2,145,831
Morgan Stanley Capital I, Series 2005-HQ7,
Class A4
5.2229% due 11/14/2042 (b)		2,795,000		2,820,595
Morgan Stanley Capital I, Series 2005-IQ10,
Class A4A
5.23% due 09/15/2042 (b)		4,160,000		4,140,553
Morgan Stanley Capital I, Series 2005-IQ9, Class X1
0.1988% IO due 07/15/2056 (b)(g)		37,001,021		910,917
Morgan Stanley Capital I, Series 2005-T17, Class X1
0.145% IO due 12/31/2041 (b)(g)		75,354,767		959,296

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Morgan Stanley Capital I,
Series 2007-SRR3, Class A
4.2588% due 12/20/2049 (b)(g)	$	3,000,000	$	2,100,000
Morgan Stanley Capital I,
Series 2007-SRR3, Class B
3.5187% due 12/20/2049 (b)(g)		3,000,000		1,800,000
Morgan Stanley Dean Witter Capital I,
Series 2003-HYB1, Class A2
5.6292% due 03/25/2033 (b)		5,044,422		4,852,911
Multi Security Asset Trust, Series 2005-RR4A,
Class F
5.88% due 11/28/2035 (b)(g)		580,000		251,842
Provident Funding Mortgage Loan Trust,
Series 2005-1, Class B1
4.6721% due 05/25/2035 (b)		1,761,149		1,285,639
Residential Accredit Loans, Inc.,
Series 2005-QA12, Class NB5
5.9573% due 12/25/2035 (b)		2,558,797		2,097,861
Residential Asset Securitization Trust,
Series 2006-A7CB, Class 2A1
6.50% due 07/25/2036		3,550,144		3,462,028
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		597,955		612,021
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A3
6.428% due 12/18/2035		1,190,429		1,216,309
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036 (g)		4,670,000		4,255,537
SBA CMBS Trust, Series 2006-1A, Class J
7.825% due 11/15/2036 (g)		755,000		662,660
SBA CMBS Trust, Series 2005-1A, Class C
5.731% due 11/15/2035 (g)		3,998,000		3,827,148
SBA CMBS Trust, Series 2005-1A, Class D
6.219% due 11/15/2035 (g)		615,000		582,607
SBA CMBS Trust, Series 2005-1A, Class E
6.706% due 11/15/2035 (g)		545,000		516,532
Sequoia Mortgage Trust, Series 2005-3, Class A1
2.736% due 04/15/2032 (b)		300,337		295,635
Structured Adjustable Rate Mortgage Loan Trust,
Series 2005-18, Class 6A1
5.2512% due 09/25/2035 (b)		2,427,338		2,338,588
Structured Asset Securities Corp.,
Series 1998-RF2, Class A
8.5027% due 07/15/2027 (b)(g)		361,373		360,672
Timberstar Trust, Series 2006-1A, Class A
5.668% due 10/15/2036 (g)		4,800,000		4,596,936
Trapeza CDO LLC Series 2007-12A, Class B
5.2063% due 04/06/2042 (b)(g)		3,000,000		2,543,640
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C17, Class XC
0.10% IO due 03/15/2042 (b)(g)		47,506,740		352,338
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C19, Class AJ
4.793% due 05/15/2044		1,862,483		1,593,484
WAMU Commercial Mortgage Securities Trust,
Series 2007-SL3, Class A
5.9409% due 03/23/2045 (g)		2,567,138		2,447,607

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

27

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
WAMU Mortgage Pass Through Certificates, Series
2005-AR19, Class A1B3
2.9488% due 12/25/2045 (b)	$	1,176,498	$	897,273
WAMU Mortgage Pass Through Certificates, Series
2006-AR4, Class 1A1B
5.266% due 05/25/2046 (b)		3,029,264		2,059,899
WAMU Mortgage Pass Through Certificates, Series
2007-OA6, Class 1XPP
1.5271% IO due 07/25/2047		87,671,043		1,150,682
WAMU Mortgage Pass Through Certificates,
Series 2007-OA5, Class 1XPP
1.3302% IO due 06/25/2017		162,794,786		1,933,188
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2007-1, Class
B1
6.1997% due 02/25/2037 (b)		1,961,030		1,504,666
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2005-6,
Class 1CB
6.50% due 08/25/2035		1,275,699		1,310,781
Washington Mutual Mortgage Pass Through
Certificates, Series 2007-OA4, Class XPPP
1.1359% IO due 04/25/2047		71,334,410		1,070,016
Washington Mutual Mortgage Pass-Through,
Series 2005-1, Class 6A1
6.50% due 03/25/2035		791,893		728,125
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR15, Class A3
5.6542% due 10/25/2036 (b)		4,693,985		4,227,422
Wells Fargo Mortgage Backed Securities Trust,
Series 2004-7, Class 2A2
5.00% due 07/25/2019		1,932,947		1,913,014
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $402,342,449)			$	376,367,509
ASSET BACKED SECURITIES - 5.14%
Lehman XS Trust, Series 2005-5N, Class 3A2
2.9588% due 11/25/2035 (b)		3,422,981		2,219,240
Lehman XS Trust, Series 2006-2N, Class 1A2
2.9388% due 02/25/2046 (b)		7,438,840		4,643,084
Alesco Preferred Funding, Ltd., Series 12A, Class B
4.858% due 07/15/2037 (b)(g)		1,910,000		1,566,773
Alesco Preferred Funding, Ltd., Series 14A, Class B
3.249% due 09/23/2037 (b)(g)		2,410,000		1,822,683
Alesco Preferred Funding, Ltd.,
Series 15A, Class B1
3.279% due 12/23/2037 (b)(g)		935,000		769,037
Amresco Residential Securities Mortgage Loan
Trust, Series 1998-1, Class A6
6.51% due 08/25/2027		46,303		46,198
Ansonia CDO, Ltd.
5.812% due 07/28/2046 (g)		6,050,000		1,815,000
Anthracite, Ltd., Series 2002-2A, Class B
5.488% due 12/24/2037 (b)(g)		2,400,000		1,680,000
Anthracite, Ltd., Series 2002-CIBA, Class A
3.049% due 05/24/2017 (b)(g)		2,823,765		2,259,012
Arbor Realty Mortgage Securities, Series
2006-1A, Class C
3.844% due 12/26/2041 (b)(g)		1,895,000		1,277,637

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Arbor Realty Mortgage Securities, Series
2006-1A, Class F
4.294% due 01/26/2042 (b)(g)	$	3,145,000	$	1,781,738
Argent Securities, Inc., Series 2004-W1, Class M3
4.049% due 03/25/2034 (b)		574,561		361,035
Capital Trust Re CDO, Ltd., Series 2005-1A,
Class C
3.286% due 03/20/2050 (b)(g)		1,250,000		870,000
Capital Trust Re CDO, Ltd., Series 2005-1A, Class E
4.636% due 03/20/2050 (b)(g)		834,000		375,300
Capital Trust Re CDO, Ltd., Series 2005-1A, Class B
3.006% due 03/20/2050 (b)(g)		1,600,000		1,168,000
Capital Trust Re CDO, Ltd., Series 2005-3A,
Class A1
5.094% due 06/25/2035 (g)		2,768,370		2,740,132
Cedarwoods Credit CDO, Ltd.,
Series 2007-2A, Class B
2.979% due 02/25/2052 (b)(g)		5,000,000		3,258,500
Centex Home Equity, Series 2004-D, Class AF4
4.68% due 06/25/2032		780,000		759,192
Centex Home Equity, Series 2005-A, Class M4
3.399% due 01/25/2035 (b)		875,000		652,402
Chase Credit Card Master Trust, Series 2003-6,
Class A
2.928% due 02/15/2011 (b)		4,800,000		4,779,738
Contimortgage Home Equity Loan Trust,
Series 1995-2, Class A5
8.10% due 08/15/2025		26,033		23,660
Credit-Based Asset Servicing and Securitization,
Series 2005-CB8, Class AF2
5.303% due 12/25/2035		3,340,161		3,338,208
Credit-Based Asset Servicing and Securitization,
Series 2006-CB2, Class AF2
5.501% due 12/25/2036 (b)		5,000,000		4,828,466
Credit-Based Asset Servicing and Securitization,
Series 2006-MH1, Class B1
6.25% due 09/25/2036 (g)		2,560,000		2,498,233
Crest, Ltd., Series 2002-IGA, Class A
3.694% due 07/28/2017 (b)(g)		6,536,313		6,165,475
Crest, Ltd., Series 2003-1A, Class B1
4.04% due 05/28/2038 (b)(g)		2,400,000		2,063,643
CW Capital Cobalt I, Series 2005-1A, Class A1
3.373% due 05/25/2045 (b)(g)		861,356		740,393
DB Master Finance LLC, Series 2006-1, Class-A2
5.779% due 06/20/2031 (g)		10,360,000		9,299,032
DB Master Finance LLC, Series 2006-1, Class-M1
8.285% due 06/20/2031 (g)		970,000		847,955
Dillon Read CMBS CDO, Ltd.,Series 2006-1A,
Class A3
3.714% due 12/05/2046 (g)		4,755,000		1,902,000
Dominos Pizza Master Issuer LLC, Series 2007-1,
Class M1
7.629% due 04/27/2037 (g)		2,940,000		2,205,000
Equity One ABS, Inc., Series 2004-1, Class M2
5.115% due 04/25/2034		534,703		395,233
Equity One ABS, Inc., Series 2004-1, Class M3
5.26% due 04/25/2034		387,324		251,107
Equity One ABS, Inc., Series 2004-2, Class AV2
2.849% due 07/25/2034 (b)		32,203		27,559

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

28

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Fremont Home Loan Trust, Series 2004-4, Class M7
4.319% due 03/25/2035 (b)	$	732,531	$	382,050
GSAA Home Equity Trust, Series 2006-10,
Class AF3
5.985% due 06/25/2036 (b)		7,000,000		6,532,515
Highland Park CDO, Ltd., Series 2006-1A, Class A2
3.493% due 11/25/2051 (b)(g)		7,570,000		5,733,518
JER CDO, Series 2006-2A, Class AFL
2.929% due 03/25/2045 (b)(g)		3,700,000		1,961,000
JER CDO, Series 2006-2A, Class FFL
4.099% due 03/25/2045 (b)(g)		2,000,000		440,000
LNR CDO, Ltd., Series 2006-1A, Class BFL
3.2275% due 05/28/2043 (b)(g)		3,300,000		990,000
Long Beach Mortgage Loan Trust, Series 2002-2,
Class M2
4.3987% due 07/25/2032 (b)		1,394,465		608,377
Long Beach Mortgage Loan Trust,
Series 2004-1, Class M3
3.2987% due 02/25/2034 (b)		1,200,000		875,284
New Century Home Equity Loan Trust,
Series 2004-A, Class AII5
5.25% due 07/25/2034 (b)		990,000		881,553
Newcastle CDO, Ltd., Series 2005-7A, Class 2FL
3.0988% due 12/24/2050 (g)		2,690,000		1,822,744
North Street Referenced Linked Notes, Series
2000-1A, Class C
5.0012% due 07/30/2010 (b)(g)		2,500,000		1,675,000
N-Star Real Estate CDO, Ltd.,
Series 2006-7A, Class C
3.1988% due 06/22/2051 (g)		3,000,000		1,561,800
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class E
3.8694% due 02/01/2041 (b)(g)		2,360,000		1,592,698
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class G
4.0694% due 02/01/2041 (b)(g)		2,360,000		1,460,890
Option One Mortgage Loan Trust, Series 2004-1,
Class M1
3.1988% due 01/25/2034 (b)		761,275		633,470
Ownit Mortgage Loan, Series 2006-1, Class AF2
5.29% due 12/25/2036		5,160,000		4,943,476
Ownit Mortgage Loan, Series 2006-2, Class A2B
5.6329% due 02/25/2037		4,000,000		3,860,281
Popular ABS Mortgage Pass-Through Trust,
Series 2005-4, Class AF3
4.9814% due 09/25/2035 (b)		3,189,791		3,108,036
Popular ABS Mortgage Pass-Through Trust,
Series 2005-6, Class A2
5.35% due 01/25/2036 (b)		3,700,000		3,691,966
Prima Capital Ltd., Series 2006-CR1A, Class A1
5.417% due 12/25/2048		6,598,887		5,765,777
RAIT Preferred Funding, Ltd., Series 2007-2A,
Class B
5.665% due 06/25/2045 (b)(g)		3,000,000		1,523,670
Renaissance Home Equity Loan Trust,
Series 2005-2, Class AF3
4.499% due 07/25/2035		1,533,781		1,521,532
Renaissance Home Equity Loan Trust,
Series 2005-2, Class AF4
4.934% due 07/25/2035		1,870,000		1,693,741

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Residential Accredit Loans, Inc.,
Series 2004-QS16, Class 1A1
5.50% due 12/25/2034	$	937,304	$	805,496
Residential Asset Mortgage Products, Inc.,
Series 2004-RS9, Class AI4
4.767% due 10/25/2032 (b)		852,076		834,314
Residential Asset Mortgage Products, Inc.,
Series 2004-RZ3, Class AI4
4.572% due 05/25/2033 (b)		650,000		602,391
Sharps SP I LLC Net Interest Margin Trust, Series
2006-CW4N, Class NB
9.25% due 04/25/2046 (g)		229,446		228,478
Structured Asset Securities Corp.,
Series 2004-16XS, Class A2
4.91% due 08/25/2034		28,092		28,038
Structured Asset Securities Corp.,
Series 2004-19XS, Class A2
4.37% due 10/25/2034		273,756		273,277
Structured Asset Securities Corp.,
Series 2004-6XS, Class M1
4.92% due 03/25/2034		681,815		579,163
Vanderbilt Acquisition Loan Trust,
Series 2002-1, Class A3
5.70% due 09/07/2023		201,592		200,679
Wells Fargo Home Equity Trust,
Series 2004-2, Class AI5
4.89% due 11/25/2028 (b)		2,451,000		2,318,935
TOTAL ASSET BACKED SECURITIES
(Cost $163,804,295)			$	128,560,814
SUPRANATIONAL OBLIGATIONS - 0.10%
Honduras - 0.03%
Central American Bank for Economic Integration
6.75% due 04/15/2013 (g)		638,000		703,570
Venezuela - 0.07%
Corporacion Andina de Fomento
5.20% due 05/21/2013		736,000		732,420
Corporacion Andina de Fomento, Series EXCH
6.875% due 03/15/2012		1,005,000		1,080,762
				1,813,182
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $2,519,682)			$	2,516,752
COMMON STOCKS - 0.00%
Food & Beverages - 0.00%
R.A.B. Holdings, Inc. *		16		16
TOTAL COMMON STOCKS (Cost $87,222)			$	16
PREFERRED STOCKS - 0.45%
Banking - 0.24%
Bank of America Corp., 8.00% (b)		6,000,000		6,007,200
Food & Beverages - 0.06%
Ocean Spray Cranberries, Inc., 6.25%		16,800		1,593,376
R.A.B. Holdings, Inc., 11.00% *		7		1,050
				1,594,426

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

29

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
PREFERRED STOCKS (continued)
Mining - 0.08%
Freeport-McMoRan Copper & Gold, Inc.,
6.75%		13,630	$	1,914,333
Telephone - 0.07%
Telephone & Data Systems, Inc., 7.60%		80,100		1,670,886
TOTAL PREFERRED STOCKS (Cost $10,860,673)			$	11,186,845
TERM LOANS - 0.07%
Leisure Time - 0.03%
East Valley Tourist Development
10.88% due 08/06/2012 (b)		725,000		721,375
Mining - 0.04%
Blue Pearl Mining, Ltd.
9.88% due 11/01/2012 (b)		1,041,574		1,010,326
TOTAL TERM LOANS (Cost $1,760,241)			$	1,731,701
WARRANTS - 0.01%
Gold - 0.01%
New Gold, Inc.
(Expiration Date: 06/28/2017, Strike
Price: CAD 15.00) *		135,000		249,890
TOTAL WARRANTS (Cost $265,313)			$	249,890
RIGHTS - 0.00%
Auto Parts - 0.00%
Delphi Corp. *		1,132		0
TOTAL RIGHTS (Cost $0)			$	0
REPURCHASE AGREEMENTS - 2.76%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$69,011,068 on 04/01/2008,
collateralized by $5,570,000
Federal National Mortgage
Association, 5.225% due
01/27/2023 (valued at $5,614,226,
including interest) and
$47,875,000 Federal Home Loan
Mortgage Corp., 5.51% due
01/23/2023 (valued at
$48,125,865, including interest)
and $15,755,000 Federal National
Mortgage Association, 5.57% due
06/30/2028 (valued at
$15,892,856, including interest)
and $760,000 Federal National
Mortgage Association, 5.50% due
07/14/2028 (valued at $760,950,
including interest)	$	69,008,000	$	69,008,000
TOTAL REPURCHASE AGREEMENTS
(Cost $69,008,000)			$	69,008,000
SHORT TERM INVESTMENTS - 18.31%
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008 to
04/17/2008	$	68,783,000		68,747,579

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Federal Home Loan Mortgage Corp. Discount Notes
zero coupon due 04/14/2008	$	68,010,000	$	67,957,689
Federal National Mortgage Association Discount
Notes
zero coupon due 04/14/2008 to
04/17/2008		167,915,000		167,788,279
John Hancock Cash
Investment Trust, 3.0622% (c)(f)		153,677,833		153,677,833
TOTAL SHORT TERM INVESTMENTS
(Cost $458,171,380)			$	458,171,380
Total Investments (Active Bond Trust)
(Cost $3,032,950,052) - 117.56%			$	2,941,173,973
Liabilities in Excess of Other Assets - (17.56)%				(439,251,766)
TOTAL NET ASSETS - 100.00%			$	2,501,922,207
All Cap Core Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 90.17%
Aerospace - 1.42%
Boeing Company		120,000	$	8,924,400
General Dynamics Corp.		11,800		983,766
Northrop Grumman Corp.		50,600		3,937,186
				13,845,352
Agriculture - 2.40%
Bunge, Ltd. (a)		43,100		3,744,528
Monsanto Company		102,800		11,462,200
The Mosaic Company *		79,800		8,187,480
				23,394,208
Auto Parts - 0.88%
Autoliv, Inc.		170,400		8,554,080
Automobiles - 0.29%
PACCAR, Inc.		62,100		2,794,500
Banking - 4.27%
Astoria Financial Corp.		5,100		138,516
Bank of America Corp.		346,900		13,150,979
Bank of New York Mellon Corp.		348,000		14,522,040
Northern Trust Corp.		207,600		13,799,172
				41,610,707
Biotechnology - 0.27%
Amgen, Inc. *		63,200		2,640,496
Broadcasting - 0.16%
Liberty Global, Inc., Class A *		46,100		1,571,088
Building Materials & Construction - 0.14%
Drew Industries, Inc. *		9,300		227,478
Perini Corp. *		31,500		1,141,245
				1,368,723
Business Services - 2.10%
Brinks Company		148,100		9,949,358
Computer Sciences Corp. *		225,400		9,194,066
CSG Systems International, Inc. *		6,300		71,631

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

30

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Global Sources, Ltd. * (a)	15,400	$	228,690
Jacobs Engineering Group, Inc. *	8,900		654,951
MAXIMUS, Inc.	9,100		334,061
Net 1 UEPS Technologies, Inc. *	600		13,530
			20,446,287
Cable & Television - 1.88%
Comcast Corp., Class A	160,300		3,100,202
DIRECTV Group, Inc. *	483,600		11,988,444
DISH Network Corp. *	110,700		3,180,411
			18,269,057
Cellular Communications - 0.25%
Telephone & Data Systems, Inc.	61,200		2,403,324
Chemicals - 0.63%
Cambrex Corp. *	28,500		197,505
Celanese Corp., Series A	33,100		1,292,555
CF Industries Holdings, Inc.	10,000		1,036,200
Minerals Technologies, Inc.	1,100		69,080
Terra Industries, Inc. *	98,500		3,499,705
			6,095,045
Commercial Services - 0.44%
Shaw Group, Inc. *	92,000		4,336,880
Computer Services - 0.20%
NetApp, Inc. *	99,000		1,984,950
Computers & Business Equipment - 5.68%
Apple, Inc. *	6,500		932,750
EMC Corp. *	569,900		8,172,366
Hewlett-Packard Company	393,900		17,985,474
International Business Machines Corp.	35,600		4,098,984
Lexmark International, Inc. *	183,400		5,634,048
Sun Microsystems, Inc. *	580,400		9,013,612
Tech Data Corp. *	80,800		2,650,240
Western Digital Corp. *	254,100		6,870,864
			55,358,338
Construction & Mining Equipment - 0.73%
Joy Global, Inc.	109,100		7,108,956
Containers & Glass - 0.94%
Owens-Illinois, Inc. *	161,800		9,130,374
Cosmetics & Toiletries - 1.44%
Colgate-Palmolive Company	125,700		9,793,287
Kimberly-Clark Corp.	43,000		2,775,650
Procter & Gamble Company	16,600		1,163,162
Sally Beauty Holdings, Inc. *	40,000		276,000
			14,008,099
Crude Petroleum & Natural Gas - 1.92%
Apache Corp.	5,000		604,100
Bois d'Arc Energy, Inc. *	1,800		38,682
Hess Corp.	108,500		9,567,530
Sunoco, Inc.	155,200		8,143,344
Swift Energy Company *	6,800		305,932
			18,659,588
Domestic Oil - 0.61%
Comstock Resources, Inc. *	1,000		40,300

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Domestic Oil (continued)
Denbury Resources, Inc. *	31,800	$	907,890
Frontier Oil Corp.	183,800		5,010,388
			5,958,578
Drugs & Health Care - 0.10%
Quidel Corp. *	60,200		966,812
Educational Services - 0.02%
INVESTools, Inc. * (a)	20,200		221,998
Electrical Utilities - 0.66%
Edison International	106,700		5,230,434
FirstEnergy Corp.	18,000		1,235,160
			6,465,594
Electronics - 0.52%
Arrow Electronics, Inc. *	18,700		629,255
Dolby Laboratories, Inc., Class A *	57,400		2,081,324
L-3 Communications Holdings, Inc.	16,000		1,749,440
Multi-Fineline Electronix, Inc. *	24,800		465,496
Zoran Corp. *	7,600		103,816
			5,029,331
Energy - 1.46%
McDermott International, Inc. *	65,100		3,568,782
Sempra Energy	199,700		10,640,016
			14,208,798
Financial Services - 5.17%
Charles Schwab Corp.	520,400		9,799,132
Goldman Sachs Group, Inc.	72,800		12,040,392
MasterCard, Inc., Class A	31,200		6,957,288
State Street Corp.	164,900		13,027,100
TD Ameritrade Holding Corp. *	125,500		2,072,005
Wells Fargo & Company	221,700		6,451,470
			50,347,387
Food & Beverages - 2.11%
Coca-Cola Enterprises, Inc.	150,800		3,649,360
Pepsi Bottling Group, Inc.	145,500		4,933,905
PepsiCo, Inc.	165,500		11,949,100
			20,532,365
Furniture & Fixtures - 0.37%
Leggett & Platt, Inc.	235,900		3,597,475
Gas & Pipeline Utilities - 2.65%
Global Industries, Ltd. *	179,700		2,891,373
Transocean, Inc. *	88,521		11,968,039
Williams Companies, Inc.	331,000		10,916,380
			25,775,792
Healthcare Products - 2.72%
Baxter International, Inc.	162,000		9,366,840
Cypress Biosciences, Inc. *	92,500		662,300
Herbalife, Ltd.	167,300		7,946,750
Intuitive Surgical, Inc. *	3,900		1,264,965
Kinetic Concepts, Inc. *	157,300		7,271,979
			26,512,834
Healthcare Services - 2.35%
Alliance Imaging, Inc. *	30,400		261,440

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

31

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services (continued)
Amedisys, Inc. *	601	$	23,643
Health Net, Inc. *	342,300		10,542,840
Humana, Inc. *	60,000		2,691,600
Medco Health Solutions, Inc. *	42,600		1,865,454
WellPoint, Inc. *	169,600		7,484,448
			22,869,425
Holdings Companies/Conglomerates - 1.26%
General Electric Company	315,900		11,691,459
Loews Corp.	15,700		631,454
			12,322,913
Homebuilders - 0.44%
D.R. Horton, Inc.	196,300		3,091,725
NVR, Inc. *	2,000		1,195,000
			4,286,725
Hotels & Restaurants - 1.98%
McDonald's Corp.	14,300		797,511
Starbucks Corp. *	332,600		5,820,500
Yum! Brands, Inc.	341,400		12,703,494
			19,321,505
Household Appliances - 0.03%
The Toro Company	6,200		256,618
Industrial Machinery - 1.48%
Caterpillar, Inc.	183,200		14,342,728
Intevac, Inc. *	7,200		93,240
			14,435,968
Insurance - 3.71%
ACE, Ltd.	258,200		14,216,492
Aetna, Inc.	243,900		10,265,751
Allied World Assurance Holdings, Ltd.	58,200		2,310,540
Assurant, Inc.	28,400		1,728,424
Endurance Specialty Holdings, Ltd.	10,400		380,640
PartnerRe, Ltd.	68,800		5,249,440
Reinsurance Group of America, Inc.	15,200		827,488
XL Capital, Ltd., Class A	39,400		1,164,270
			36,143,045
International Oil - 8.70%
Callon Petroleum Company *	2,400		43,416
Chevron Corp.	249,400		21,288,784
ConocoPhillips	227,100		17,307,291
Exxon Mobil Corp.	501,700		42,433,786
Murphy Oil Corp.	44,600		3,663,444
			84,736,721
Internet Content - 0.95%
Google, Inc., Class A *	16,400		7,223,708
Yahoo!, Inc. *	69,800		2,019,314
			9,243,022
Internet Retail - 0.31%
eBay, Inc. *	100,300		2,992,952
Internet Software - 0.08%
Symantec Corp. *	46,800		777,816

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Leisure Time - 0.26%
Callaway Golf Company	1,300	$	19,084
Churchill Downs, Inc.	2,400		113,376
Regal Entertainment Group, Class A (a)	46,800		902,772
Royal Caribbean Cruises, Ltd. (a)	43,600		1,434,440
Vail Resorts, Inc. *	800		38,632
			2,508,304
Manufacturing - 1.58%
Honeywell International, Inc.	272,900		15,397,018
TriMas Corp. *	800		4,216
			15,401,234
Medical-Hospitals - 0.05%
Centene Corp. *	34,500		480,930
Mining - 0.10%
Compass Minerals International, Inc.	16,500		973,170
Paper - 0.01%
Buckeye Technologies, Inc. *	5,200		58,032
Petroleum Services - 0.04%
Superior Energy Services, Inc. *	7,200		285,264
Trico Marine Services, Inc. *	3,900		151,983
			437,247
Pharmaceuticals - 4.98%
Bristol-Myers Squibb Company	405,700		8,641,410
Cubist Pharmaceuticals, Inc. *	66,000		1,215,720
Eli Lilly & Company	51,600		2,662,044
Merck & Company, Inc.	123,200		4,675,440
Noven Pharmaceuticals, Inc. *	8,100		72,738
Onyx Pharmaceuticals, Inc. *	3,300		95,799
Pfizer, Inc.	1,041,200		21,792,316
Schering-Plough Corp.	354,000		5,101,140
Sepracor, Inc. *	215,600		4,208,512
			48,465,119
Railroads & Equipment - 0.24%
Burlington Northern Santa Fe Corp.	25,500		2,351,610
Real Estate - 1.31%
Apartment Investment & Management
Company, Class A, REIT	6,947		248,772
Equity Residential, REIT	41,400		1,717,686
Health Care, Inc., REIT (a)	18,800		848,444
Hospitality Properties Trust, REIT	22,200		755,244
Liberty Property Trust, REIT	21,300		662,643
ProLogis, REIT	33,800		1,989,468
Public Storage, Inc., REIT	3,600		319,032
Regency Centers Corp., REIT	17,500		1,133,300
Simon Property Group, Inc., REIT	34,900		3,242,559
Vornado Realty Trust, REIT	21,300		1,836,273
			12,753,421
Retail Grocery - 1.23%
Safeway, Inc.	127,100		3,730,385
SUPERVALU, Inc.	119,000		3,567,620
The Kroger Company	185,700		4,716,780
			12,014,785

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

32

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Core Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade - 4.04%
Best Buy Company, Inc.		226,800	$	9,403,128
BJ's Wholesale Club, Inc. *		278,800		9,950,372
Fossil, Inc. *		8,200		250,428
RadioShack Corp.		385,600		6,266,000
Systemax, Inc. * (a)		1,000		12,060
The TJX Companies, Inc.		365,300		12,080,471
United Rentals, Inc. *		71,900		1,354,596
				39,317,055
Sanitary Services - 0.16%
Allied Waste Industries, Inc. *		144,600		1,563,126
Semiconductors - 1.83%
Advanced Analogic Technologies, Inc. *		2,000		11,240
Amkor Technology, Inc. *		142,900		1,529,030
Emulex Corp. *		62,200		1,010,128
NVIDIA Corp. *		176,400		3,490,956
Texas Instruments, Inc.		417,600		11,805,552
				17,846,906
Software - 2.89%
Activision, Inc. *		76,100		2,078,291
Microsoft Corp.		919,700		26,101,086
				28,179,377
Steel - 0.62%
AK Steel Holding Corp.		111,400		6,062,388
Telecommunications Equipment &
Services - 2.94%
ADC Telecommunications, Inc. *		22,800		275,424
Embarq Corp.		230,100		9,227,010
Verizon Communications, Inc.		520,700		18,979,515
Viasat, Inc. *		7,200		156,384
				28,638,333
Telephone - 0.36%
AT&T, Inc.		91,600		3,508,280
Tires & Rubber - 0.23%
Cooper Tire & Rubber Company		148,400		2,221,548
Tobacco - 1.22%
Altria Group, Inc.		149,700		3,323,340
Philip Morris International, Inc. *		149,700		7,571,826
Reynolds American, Inc.		16,100		950,383
				11,845,549
Transportation - 1.28%
Frontline, Ltd. (a)		167,100		7,689,942
Independent Tankers Corp., Ltd. *		16,420		27,408
Kirby Corp. *		83,500		4,759,500
				12,476,850
Trucking & Freight - 1.08%
Ryder Systems, Inc.		173,300		10,555,703
TOTAL COMMON STOCKS (Cost $924,976,009)			$	878,242,693
SHORT TERM INVESTMENTS - 1.95%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	11,038,236	$	11,038,236

All Cap Core Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
U.S. Treasury Bills
zero coupon due 04/17/2008 ****	$	7,965,000	$	7,955,181
TOTAL SHORT TERM INVESTMENTS
(Cost $18,993,417)			$	18,993,417
REPURCHASE AGREEMENTS - 9.79%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$95,307,236 on 04/01/2008,
collateralized by $96,445,000
Federal National Mortgage
Association, 5.225% due
01/27/2023 (valued at
$98,069,107, including interest)	$	95,303,000	$	95,303,000
TOTAL REPURCHASE AGREEMENTS
(Cost $95,303,000)			$	95,303,000
Total Investments (All Cap Core Trust)
(Cost $1,039,272,426) - 101.91%			$	992,539,110
Liabilities in Excess of Other Assets - (1.91)%				(18,578,438)
TOTAL NET ASSETS - 100.00%			$	973,960,672
All Cap Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.24%
Aerospace - 6.04%
General Dynamics Corp.		63,958	$	5,332,179
Lockheed Martin Corp.		7,788		773,348
Rockwell Collins, Inc.		13,849		791,470
Spirit Aerosystems Holdings, Inc., Class A *		233,115		5,170,491
Teledyne Technologies, Inc. *		28,834		1,355,198
United Technologies Corp.		77,240		5,315,657
Woodward Governor Company		14,520		387,974
				19,126,317
Agriculture - 1.80%
Monsanto Company		30,343		3,383,244
The Mosaic Company *		22,506		2,309,116
				5,692,360
Apparel & Textiles - 1.08%
Crocs, Inc. * (a)		39,855		696,267
NIKE, Inc., Class B		40,252		2,737,136
				3,433,403
Auto Parts - 0.73%
BorgWarner, Inc.		27,846		1,198,213
Johnson Controls, Inc.		33,263		1,124,290
				2,322,503
Biotechnology - 2.09%
Applera Corp.		47,390		1,557,236
Biogen Idec, Inc. *		52,855		3,260,625
Genentech, Inc. *		22,130		1,796,513
				6,614,374

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

33

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Building Materials & Construction - 2.47%
Chicago Bridge & Iron Company N.V.	72,786	$	2,856,122
Foster Wheeler, Ltd. *	87,916		4,977,804
			7,833,926
Business Services - 2.32%
Accenture, Ltd., Class A	163,680		5,756,626
Fluor Corp.	6,760		954,241
Jacobs Engineering Group, Inc. *	8,444		621,394
			7,332,261
Cellular Communications - 0.77%
China Mobile, Ltd.	163,000		2,449,028
Commercial Services - 0.55%
Morningstar, Inc. *	28,292		1,735,714
Computers & Business Equipment - 7.44%
Apple, Inc. *	76,508		10,978,898
Cisco Systems, Inc. *	329,470		7,936,932
MICROS Systems, Inc. *	60,483		2,035,858
Research In Motion, Ltd. *	9,092		1,020,395
Seagate Technology	76,252		1,596,717
			23,568,800
Construction & Mining Equipment - 1.92%
National Oilwell Varco, Inc. *	104,139		6,079,635
Cosmetics & Toiletries - 5.63%
Chattem, Inc. * (a)	8,666		574,903
Colgate-Palmolive Company	109,399		8,523,276
Procter & Gamble Company	124,432		8,718,950
			17,817,129
Crude Petroleum & Natural Gas - 2.57%
Marathon Oil Corp.	29,751		1,356,646
Occidental Petroleum Corp.	92,877		6,795,810
			8,152,456
Electrical Equipment - 2.98%
Emerson Electric Company	113,386		5,834,843
Fanuc, Ltd.	18,500		1,774,778
Varian, Inc. *	31,690		1,835,485
			9,445,106
Electronics - 2.28%
Amphenol Corp., Class A	68,719		2,559,782
Garmin, Ltd. (a)	62,189		3,358,828
Trimble Navigation, Ltd. *	45,442		1,299,187
			7,217,797
Energy - 2.36%
McDermott International, Inc. *	136,320		7,473,062
Financial Services - 1.08%
Ameriprise Financial, Inc.	2,321		120,344
optionsXpress Holdings, Inc.	52,676		1,090,920
T. Rowe Price Group, Inc.	25,496		1,274,800
Waddell & Reed Financial, Inc., Class A	28,843		926,725
			3,412,789
Food & Beverages - 5.52%
Campbell Soup Company	36,370		1,234,761
Hansen Natural Corp. *	65,365		2,307,385

All Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages (continued)
Kellogg Company	96,995	$	5,098,057
PepsiCo, Inc.	122,283		8,828,833
			17,469,036
Gas & Pipeline Utilities - 1.65%
Transocean, Inc. *	38,707		5,233,186
Healthcare Products - 2.71%
Baxter International, Inc.	75,192		4,347,602
Johnson & Johnson	65,382		4,241,330
			8,588,932
Healthcare Services - 4.77%
Express Scripts, Inc. *	40,988		2,636,348
Health Net, Inc. *	87,151		2,684,251
McKesson Corp.	28,811		1,508,832
Pediatrix Medical Group, Inc. *	14,799		997,453
Psychiatric Solutions, Inc. *	10,468		355,075
Quest Diagnostics, Inc.	34,334		1,554,300
UnitedHealth Group, Inc.	87,631		3,011,001
WellPoint, Inc. *	53,827		2,375,385
			15,122,645
Household Products - 1.55%
Clorox Company	86,599		4,904,967
Industrial Machinery - 2.51%
Cameron International Corp. *	65,239		2,716,552
Komatsu, Ltd.	186,370		5,247,410
			7,963,962
Industrials - 2.04%
ABB, Ltd.	179,192		4,829,611
Mitsui O.S.K. Lines, Ltd.	133,000		1,627,135
			6,456,746
Insurance - 2.22%
ACE, Ltd.	58,357		3,213,137
Assurant, Inc.	19,098		1,162,304
Chubb Corp.	53,736		2,658,857
			7,034,298
International Oil - 1.67%
Exxon Mobil Corp.	62,436		5,280,837
Internet Content - 2.93%
Google, Inc., Class A *	21,093		9,290,834
Internet Retail - 0.74%
Amazon.com, Inc. *	32,696		2,331,225
Leisure Time - 0.20%
Bally Technologies, Inc. *	18,021		618,841
Manufacturing - 1.20%
Honeywell International, Inc.	67,507		3,808,745
Medical-Hospitals - 0.54%
VCA Antech, Inc. *	62,260		1,702,811
Metal & Metal Products - 2.68%
Companhia Vale Do Rio Doce, ADR *	38,477		1,332,843
Precision Castparts Corp.	62,153		6,344,578
Titanium Metals Corp. (a)	53,692		808,065
			8,485,486

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

34

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Mining - 0.72%
BHP Billiton, Ltd.		69,363	$	2,279,337
Petroleum Services - 3.63%
Baker Hughes, Inc.		42,403		2,904,605
GulfMark Offshore, Inc. *		5,879		321,699
Schlumberger, Ltd.		47,259		4,111,533
Valero Energy Corp.		84,533		4,151,416
				11,489,253
Pharmaceuticals - 3.17%
AmerisourceBergen Corp.		26,631		1,091,338
Celgene Corp. *		43,080		2,640,373
Gilead Sciences, Inc. *		71,574		3,688,208
Shire PLC		134,558		2,604,675
				10,024,594
Retail Grocery - 0.95%
The Kroger Company		118,943		3,021,152
Retail Trade - 0.54%
Casey's General Stores, Inc.		31,065		702,069
Longs Drug Stores Corp.		23,558		1,000,273
				1,702,342
Semiconductors - 1.23%
NVIDIA Corp. *		79,105		1,565,488
Texas Instruments, Inc.		82,833		2,341,689
				3,907,177
Software - 5.21%
Adobe Systems, Inc. *		118,071		4,202,147
Autodesk, Inc. *		80,498		2,534,077
Intuit, Inc. *		84,346		2,278,185
Microsoft Corp.		263,478		7,477,506
				16,491,915
Telecommunications Equipment &
Services - 1.52%
Amdocs, Ltd. *		114,900		3,258,564
KDDI Corp.		254		1,562,321
				4,820,885
Tobacco - 0.65%
UST, Inc.		37,930		2,067,944
Transportation - 0.58%
Nippon Yusen Kabushiki Kaisha		194,000		1,839,460
TOTAL COMMON STOCKS (Cost $291,794,832)			$	301,643,270
SHORT TERM INVESTMENTS - 1.61%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	5,086,881	$	5,086,881
TOTAL SHORT TERM INVESTMENTS
(Cost $5,086,881)			$	5,086,881

All Cap Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 4.15%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.90% to be repurchased at
$13,159,694 on 04/01/2008,
collateralized by $12,665,000
Federal Home Loan Bank, 5.435%
due 12/20/2022 (valued at
$13,424,900, including interest)	$	13,159,000	$	13,159,000
TOTAL REPURCHASE AGREEMENTS
(Cost $13,159,000)			$	13,159,000
Total Investments (All Cap Growth Trust)
(Cost $310,040,713) - 101.00%			$	319,889,151
Liabilities in Excess of Other Assets - (1.00)%				(3,168,013)
TOTAL NET ASSETS - 100.00%			$	316,721,138
All Cap Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.99%
Aerospace - 3.14%
Alliant Techsystems, Inc. *		8,400	$	869,652
Curtiss-Wright Corp.		10,000		414,800
General Dynamics Corp.		23,600		1,967,532
Moog, Inc., Class A *		7,300		308,133
				3,560,117
Agriculture - 1.30%
Archer-Daniels-Midland Company		35,900		1,477,644
Apparel & Textiles - 0.61%
VF Corp.		9,000		697,590
Auto Parts - 1.69%
Autoliv, Inc.		26,600		1,335,320
Gentex Corp.		27,900		478,485
Tenneco, Inc. *		3,800		106,172
				1,919,977
Banking - 4.64%
Bank of New York Mellon Corp.		47,523		1,983,135
Commerce Bancshares, Inc.		13,515		568,035
Cullen Frost Bankers, Inc.		51,165		2,713,792
				5,264,962
Biotechnology - 2.44%
Amgen, Inc. *		30,000		1,253,400
Applera Corp.		46,100		1,514,846
				2,768,246
Business Services - 0.15%
URS Corp. *		5,300		173,257
Chemicals - 5.27%
Cabot Corp.		12,500		350,000
Cytec Industries, Inc.		33,200		1,787,820
Dow Chemical Company		20,000		737,000
Eastman Chemical Company		6,000		374,700
Hercules, Inc.		18,000		329,220

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

35

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chemicals (continued)
Olin Corp.	46,800	$	924,768
Praxair, Inc.	7,482		630,209
Rohm & Haas Company	15,600		843,648
			5,977,365
Computers & Business Equipment - 0.47%
Cisco Systems, Inc. *	16,500		397,485
Intermec, Inc. * (a)	6,100		135,359
			532,844
Construction & Mining Equipment - 0.47%
Carbo Ceramics, Inc. (a)	13,396		537,180
Containers & Glass - 2.66%
Ball Corp.	18,669		857,654
Pactiv Corp. *	49,800		1,305,258
Sonoco Products Company	30,100		861,763
			3,024,675
Cosmetics & Toiletries - 0.95%
Procter & Gamble Company	15,406		1,079,499
Crude Petroleum & Natural Gas - 2.68%
Apache Corp.	4,000		483,280
Chesapeake Energy Corp.	34,500		1,592,175
Forest Oil Corp. *	19,800		969,408
			3,044,863
Domestic Oil - 1.00%
Range Resources Corp.	17,800		1,129,410
Electrical Equipment - 2.31%
Anixter International, Inc. *	26,011		1,665,744
Emerson Electric Company	18,502		952,113
			2,617,857
Electrical Utilities - 2.53%
CMS Energy Corp.	30,340		410,804
The Southern Company	41,700		1,484,937
Wisconsin Energy Corp.	22,200		976,578
			2,872,319
Electronics - 0.58%
Rogers Corp. *	12,200		407,602
Teleflex, Inc.	5,200		248,092
			655,694
Financial Services - 1.23%
Charles Schwab Corp.	11,800		222,194
GATX Corp.	15,600		609,492
PNC Financial Services Group, Inc.	8,600		563,902
			1,395,588
Food & Beverages - 4.30%
Coca-Cola Enterprises, Inc.	23,900		578,380
Diageo PLC, SADR	4,900		398,468
PepsiCo, Inc.	16,421		1,185,596
Smithfield Foods, Inc. *	40,100		1,032,976
The Coca-Cola Company	27,600		1,680,012
			4,875,432
Gas & Pipeline Utilities - 4.81%
AGL Resources, Inc.	24,500		840,840

All Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Gas & Pipeline Utilities (continued)
El Paso Corp.	69,800	$	1,161,472
Spectra Energy Corp.	58,000		1,319,500
UGI Corp.	55,600		1,385,552
Williams Companies, Inc.	22,800		751,944
			5,459,308
Gold - 2.25%
Barrick Gold Corp.	58,745		2,552,470
Healthcare Services - 1.51%
DaVita, Inc. *	36,000		1,719,360
Holdings Companies/Conglomerates - 6.45%
Berkshire Hathaway, Inc., Class B *	780		3,488,862
General Electric Company	103,521		3,831,312
			7,320,174
Industrial Machinery - 4.12%
IDEX Corp.	28,283		868,005
Ingersoll-Rand Company, Ltd., Class A	18,000		802,440
ITT Corp.	17,300		896,313
Kennametal, Inc.	24,700		726,921
Parker-Hannifin Corp.	19,900		1,378,473
			4,672,152
Insurance - 3.51%
Aon Corp.	36,800		1,479,360
Chubb Corp.	11,200		554,176
Hartford Financial Services Group, Inc.	14,500		1,098,665
HCC Insurance Holdings, Inc.	26,800		608,092
W.R. Berkley Corp.	8,900		246,441
			3,986,734
International Oil - 4.74%
Chevron Corp.	3,800		324,368
EnCana Corp.	11,000		833,250
Exxon Mobil Corp.	49,909		4,221,303
			5,378,921
Internet Software - 0.50%
McAfee, Inc. *	17,001		562,563
Liquor - 0.22%
Brown Forman Corp., Class B	3,800		251,636
Manufacturing - 5.48%
AptarGroup, Inc.	22,400		872,032
Carlisle Companies, Inc.	92,946		3,108,114
Eaton Corp.	11,110		885,134
Hexcel Corp. *	16,000		305,760
Honeywell International, Inc.	18,500		1,043,770
			6,214,810
Metal & Metal Products - 1.90%
Quanex Corp.	41,739		2,159,576
Petroleum Services - 3.93%
BJ Services Company	18,300		521,733
Halliburton Company	38,142		1,500,125
Schlumberger, Ltd.	12,700		1,104,900
Superior Energy Services, Inc. *	33,700		1,335,194
			4,461,952

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

36

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals - 7.53%
Abbott Laboratories		65,800	$	3,628,870
Eli Lilly & Company		34,700		1,790,173
Onyx Pharmaceuticals, Inc. * (a)		18,000		522,540
Schering-Plough Corp.		116,396		1,677,266
Watson Pharmaceuticals, Inc. *		31,600		926,512
				8,545,361
Publishing - 0.29%
Meredith Corp.		8,600		328,950
Railroads & Equipment - 1.40%
Burlington Northern Santa Fe Corp.		17,200		1,586,184
Retail Grocery - 1.36%
The Kroger Company		60,966		1,548,537
Retail Trade - 3.63%
Costco Wholesale Corp.		28,700		1,864,639
J.C. Penney Company, Inc.		13,500		509,085
Kohl's Corp. *		28,700		1,230,943
Macy's, Inc.		12,420		286,405
Target Corp.		4,500		228,060
				4,119,132
Steel - 0.52%
Carpenter Technology Corp.		10,600		593,282
Telecommunications Equipment &
Services - 1.90%
Corning, Inc.		89,900		2,161,196
Telephone - 1.44%
AT&T, Inc.		42,577		1,630,699
Transportation - 0.32%
Bristow Group, Inc. *		6,700		359,589
Trucking & Freight - 1.76%
Oshkosh Truck Corp.		55,100		1,999,028
TOTAL COMMON STOCKS (Cost $109,719,889)			$	111,216,133
SHORT TERM INVESTMENTS - 0.97%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	1,097,385	$	1,097,385
TOTAL SHORT TERM INVESTMENTS
(Cost $1,097,385)			$	1,097,385
Total Investments (All Cap Value Trust)
(Cost $110,817,274) - 98.96%			$	112,313,518
Other Assets in Excess of Liabilities - 1.04%				1,179,404
TOTAL NET ASSETS - 100.00%			$	113,492,922

American Asset Allocation Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Asset Allocation Fund - Class 1	36,969,501	$	635,136,021
TOTAL INVESTMENT COMPANIES (Cost $693,050,561)		$	635,136,021
Total Investments (American Asset Allocation Trust)
(Cost $693,050,561) - 100.00%		$	635,136,021
Liabilities in Excess of Other Assets - 0.00%			(1,204)
TOTAL NET ASSETS - 100.00%		$	635,134,817
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 Fund -
Class 2	14,399,422	$	150,185,973
TOTAL INVESTMENT COMPANIES (Cost $148,117,338)		$	150,185,973
Total Investments (American Blue Chip Income & Growth		$	150,185,973
Trust) (Cost $148,117,338) - 100.01%
Liabilities in Excess of Other Assets - (0.01)%			(8,808)
TOTAL NET ASSETS - 100.00%		$	150,177,165
American Bond Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Bond Fund - Class 1	87,823,640	$	962,547,092
TOTAL INVESTMENT COMPANIES (Cost $995,571,416)		$	962,547,092
Total Investments (American Bond Trust)
(Cost $995,571,416) - 100.00%		$	962,547,092
Liabilities in Excess of Other Assets - 0.00%			(21,541)
TOTAL NET ASSETS - 100.00%		$	962,525,551
American Fundamental Holdings Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Bond Fund - Class 1	7,057,040	$	78,121,437
American Growth Fund - Class 1	915,832		55,801,663
American Growth-Income Fund - Class 1	1,440,789		55,801,753

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

37

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

American Fundamental Holdings Trust (continued)
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES (continued)
American Funds Insurance Series
(continued)
American International Fund - Class 1	1,488,038	$	33,480,855
			223,205,708
TOTAL INVESTMENT COMPANIES (Cost $230,018,897)		$	223,205,708
Total Investments (American Fundamental Holdings Trust)
(Cost $230,018,897) - 100.00%		$	223,205,708
Liabilities in Excess of Other Assets - 0.00%			(8,144)
TOTAL NET ASSETS - 100.00%		$	223,197,564
American Global Diversification Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 101.03%
American Funds Insurance Series - 101.03%
American Bond Fund - Class 1	6,735,860	$	74,565,967
American Global Growth Fund - Class 1	6,172,213		142,639,831
American Global Small Capitalization Fund -
Class 1	2,148,573		51,866,541
American High-Income Bond Fund - Class 2	2,029,816		22,693,345
American New World Fund - Class 1	1,367,285		32,418,317
			324,184,001
TOTAL INVESTMENT COMPANIES (Cost $335,932,468)		$	324,184,001
Total Investments (American Global Diversification Trust)
(Cost $335,932,468) - 101.03%		$	324,184,001
Liabilities in Excess of Other Assets - (1.03)%			(3,291,574)
TOTAL NET ASSETS - 100.00%		$	320,892,427
American Global Growth Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Global Growth Fund - Class 1	10,016,029	$	231,470,422
TOTAL INVESTMENT COMPANIES (Cost $250,134,726)		$	231,470,422
Total Investments (American Global Growth Trust)
(Cost $250,134,726) - 100.00%		$	231,470,422
Liabilities in Excess of Other Assets - 0.00%			(5,324)
TOTAL NET ASSETS - 100.00%		$	231,465,098

American Global Small Capitalization Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.01%
American Funds Insurance Series - 100.01%
American Global Small Capitalization Fund -
Class 1	3,369,385	$	81,336,963
TOTAL INVESTMENT COMPANIES (Cost $93,566,156)		$	81,336,963
Total Investments (American Global Small Capitalization		$	81,336,963
Trust) (Cost $93,566,156) - 100.01%
Liabilities in Excess of Other Assets - (0.01)%			(4,238)
TOTAL NET ASSETS - 100.00%		$	81,332,725
American Growth-Income Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Growth-Income Fund - Class 2	34,536,248	$	1,328,609,455
TOTAL INVESTMENT COMPANIES (Cost $1,303,570,403)		$	1,328,609,455
Total Investments (American Growth-Income Trust)
(Cost $1,303,570,403) - 100.00%		$	1,328,609,455
Liabilities in Excess of Other Assets - 0.00%			(33,654)
TOTAL NET ASSETS - 100.00%		$	1,328,575,801
American Growth Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Growth Fund - Class 1	27,403,538	$	1,656,269,859
TOTAL INVESTMENT COMPANIES (Cost $1,517,350,594)		$	1,656,269,859
Total Investments (American Growth Trust)
(Cost $1,517,350,594) - 100.00%		$	1,656,269,859
Liabilities in Excess of Other Assets - 0.00%			(42,969)
TOTAL NET ASSETS - 100.00%		$	1,656,226,890
American High-Income Bond Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.01%
American Funds Insurance Series - 100.01%
American High-Income Bond Fund - Class 2	4,279,680	$	47,846,817
TOTAL INVESTMENT COMPANIES (Cost $52,931,231)		$	47,846,817
Total Investments (American High-Income Bond Trust)
(Cost $52,931,231) - 100.01%		$	47,846,817
Liabilities in Excess of Other Assets - (0.01)%			(5,462)
TOTAL NET ASSETS - 100.00%		$	47,841,355

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

38

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

American International Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American International Fund - Class 2	50,896,294	$	1,140,585,959
TOTAL INVESTMENT COMPANIES (Cost $957,021,270)		$	1,140,585,959
Total Investments (American International Trust)
(Cost $957,021,270) - 100.00%		$	1,140,585,959
Liabilities in Excess of Other Assets - 0.00%			(24,218)
TOTAL NET ASSETS - 100.00%		$	1,140,561,741
American New World Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American New World Fund - Class 1	3,202,943	$	75,941,787
TOTAL INVESTMENT COMPANIES (Cost $80,044,278)		$	75,941,787
Total Investments (American New World Trust)
(Cost $80,044,278) - 100.00%		$	75,941,787
Liabilities in Excess of Other Assets - 0.00%			(3,148)
TOTAL NET ASSETS - 100.00%		$	75,938,639
Blue Chip Growth Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.33%
Advertising - 1.03%
Monster Worldwide, Inc. *	404,600	$	9,795,366
Omnicom Group, Inc.	508,100		22,447,858
			32,243,224
Aerospace - 3.18%
General Dynamics Corp.	557,374		46,468,270
Lockheed Martin Corp.	170,900		16,970,370
Rockwell Collins, Inc.	208,599		11,921,433
United Technologies Corp.	357,200		24,582,504
			99,942,577
Agriculture - 1.68%
Monsanto Company	474,004		52,851,446
Apparel & Textiles - 0.51%
Coach, Inc. *	528,200		15,925,230
Automobiles - 0.04%
PACCAR, Inc.	26,200		1,179,000
Banking - 1.77%
Bank of New York Mellon Corp.	681,661		28,445,713
Northern Trust Corp.	406,789		27,039,265
			55,484,978

Blue Chip Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Biotechnology - 1.58%
Genentech, Inc. *	612,022	$	49,683,946
Broadcasting - 0.19%
Discovery Holding Company *	285,200		6,051,944
Building Materials & Construction - 0.82%
Foster Wheeler, Ltd. *	457,000		25,875,340
Business Services - 2.13%
Accenture, Ltd., Class A	613,200		21,566,244
Automatic Data Processing, Inc.	807,781		34,241,837
Fiserv, Inc. *	231,500		11,132,835
			66,940,916
Cable & Television - 0.77%
Rogers Communications, Inc.	558,368		20,056,579
Shaw Communications, Inc.	231,700		4,212,306
			24,268,885
Cellular Communications - 1.92%
America Movil SA de CV, Series L, ADR	886,051		56,432,588
Metropcs Communications, Inc. *	220,100		3,741,700
			60,174,288
Chemicals - 1.02%
Praxair, Inc.	379,500		31,965,285
Computers & Business Equipment - 7.00%
Apple, Inc. *	458,400		65,780,400
Cisco Systems, Inc. *	2,003,718		48,269,566
Dell, Inc. *	969,973		19,321,862
EMC Corp. *	1,371,852		19,672,358
Hewlett-Packard Company	524,800		23,962,368
Juniper Networks, Inc. *	1,713,221		42,830,525
			219,837,079
Construction & Mining Equipment - 0.37%
Joy Global, Inc.	180,800		11,780,928
Cosmetics & Toiletries - 1.36%
Procter & Gamble Company	608,074		42,607,745
Crude Petroleum & Natural Gas - 0.40%
EOG Resources, Inc.	105,400		12,648,000
Drugs & Health Care - 0.15%
Novartis AG	2,566		131,672
Wyeth	110,054		4,595,855
			4,727,527
Educational Services - 0.07%
Apollo Group, Inc., Class A *	51,800		2,237,760
Electronics - 0.19%
Thermo Fisher Scientific, Inc. *	104,900		5,962,516
Energy - 0.69%
McDermott International, Inc. *	393,800		21,588,116
Financial Services - 10.11%
American Express Company	259,452		11,343,242
Ameriprise Financial, Inc.	474,051		24,579,544
Blackrock, Inc. (a)	35,400		7,227,972
Charles Schwab Corp.	1,123,186		21,149,592
CME Group, Inc. (a)	46,200		21,672,420
Franklin Resources, Inc.	447,265		43,380,232

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

39

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Blue Chip Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Goldman Sachs Group, Inc. (a)	198,376	$	32,809,407
IntercontinentalExchange, Inc. *	8,900		1,161,450
MasterCard, Inc., Class A	64,100		14,293,659
Merrill Lynch & Company, Inc.	311,690		12,698,251
Morgan Stanley	616,200		28,160,340
State Street Corp.	943,335		74,523,465
UBS AG	26,198		762,835
Visa, Inc. *	381,400		23,784,104
			317,546,513
Food & Beverages - 0.76%
PepsiCo, Inc.	239,904		17,321,069
Sysco Corp.	225,495		6,543,865
			23,864,934
Healthcare Products - 4.57%
Alcon, Inc. (a)	140,200		19,943,450
Baxter International, Inc.	212,600		12,292,532
Becton, Dickinson & Company	74,700		6,412,995
Intuitive Surgical, Inc. *	27,200		8,822,320
Medtronic, Inc.	753,536		36,448,536
St. Jude Medical, Inc. *	739,536		31,940,560
Stryker Corp.	422,579		27,488,764
			143,349,157
Healthcare Services - 3.82%
Cardinal Health, Inc.	89,295		4,688,881
Express Scripts, Inc. *	340,000		21,868,800
Humana, Inc. *	256,200		11,493,132
Laboratory Corp. of America Holdings *	438,400		32,301,312
McKesson Corp.	356,200		18,654,194
Medco Health Solutions, Inc. *	531,200		23,261,248
WellPoint, Inc. *	172,672		7,620,015
			119,887,582
Holdings Companies/Conglomerates - 2.80%
General Electric Company	2,374,101		87,865,478
Hotels & Restaurants - 1.70%
Marriott International, Inc., Class A	596,288		20,488,456
McDonald's Corp.	243,600		13,585,572
Yum! Brands, Inc.	518,100		19,278,501
			53,352,529
Industrials - 0.27%
Fastenal Company (a)	183,200		8,414,376
Insurance - 1.68%
Aetna, Inc.	807,348		33,981,277
Prudential Financial, Inc.	241,900		18,928,675
			52,909,952
International Oil - 2.96%
Chevron Corp.	117,200		10,004,192
Exxon Mobil Corp.	471,738		39,899,600
Murphy Oil Corp.	395,658		32,499,348
Petroleo Brasileiro SA, SADR	126,000		10,670,940
			93,074,080
Internet Content - 2.58%
Google, Inc., Class A *	183,766		80,943,410

Blue Chip Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Retail - 2.68%
Amazon.com, Inc. *	853,989	$	60,889,416
eBay, Inc. *	686,835		20,495,156
Expedia, Inc. *	132,100		2,891,669
			84,276,241
Internet Software - 0.81%
McAfee, Inc. *	271,900		8,997,171
VeriSign, Inc. *	491,600		16,340,784
			25,337,955
Leisure Time - 2.31%
Electronic Arts, Inc. *	572,600		28,584,192
International Game Technology	300,802		12,095,248
Las Vegas Sands Corp. * (a)	316,700		23,321,788
MGM MIRAGE * (a)	145,119		8,528,644
			72,529,872
Manufacturing - 3.35%
Danaher Corp. (a)	1,036,163		78,779,473
Illinois Tool Works, Inc.	261,274		12,601,245
Tyco International, Ltd.	314,000		13,831,700
			105,212,418
Mining - 1.37%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	445,800		42,894,876
Petroleum Services - 6.21%
Baker Hughes, Inc.	417,059		28,568,541
Schlumberger, Ltd.	1,004,392		87,382,104
Smith International, Inc.	857,672		55,088,273
Total SA, ADR	324,708		24,031,639
			195,070,557
Pharmaceuticals - 5.39%
Allergan, Inc.	461,200		26,007,068
Celgene Corp. *	575,400		35,266,266
Gilead Sciences, Inc. *	1,230,562		63,410,860
Merck & Company, Inc.	249,000		9,449,550
Roche Holdings AG - Genusschein	130,895		24,669,750
Schering-Plough Corp.	720,400		10,380,964
			169,184,458
Publishing - 0.59%
McGraw-Hill Companies, Inc.	499,300		18,449,135
Retail Trade - 5.43%
Bed Bath & Beyond, Inc. *	356,500		10,516,750
Costco Wholesale Corp.	264,500		17,184,565
CVS Caremark Corp.	1,879,567		76,141,259
Kohl's Corp. *	672,230		28,831,945
Target Corp.	188,122		9,534,023
Wal-Mart Stores, Inc.	534,464		28,155,563
			170,364,105
Semiconductors - 3.03%
Analog Devices, Inc.	466,143		13,760,541
Applied Materials, Inc.	484,000		9,442,840
Broadcom Corp., Class A *	289,100		5,570,957
Intel Corp.	1,056,692		22,380,737
Marvell Technology Group, Ltd. *	1,783,310		19,402,413

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

40

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Blue Chip Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Xilinx, Inc.		1,041,725	$	24,740,969
				95,298,457
Software - 4.32%
Adobe Systems, Inc. *		407,675		14,509,153
Autodesk, Inc. *		492,100		15,491,308
Intuit, Inc. * (a)		274,022		7,401,334
Microsoft Corp.		2,847,840		80,821,699
Oracle Corp. *		896,862		17,542,621
				135,766,115
Steel - 0.06%
Nucor Corp.		25,900		1,754,466
Telecommunications Equipment &
Services - 4.14%
American Tower Corp., Class A *		1,033,638		40,528,946
Corning, Inc.		1,120,715		26,941,989
Nokia Oyj, SADR		1,072,328		34,132,200
QUALCOMM, Inc.		691,877		28,366,957
				129,970,092
Telephone - 0.47%
AT&T, Inc.		383,600		14,691,880
Toys, Amusements & Sporting Goods - 0.70%
Nintendo Company, Ltd.		41,900		21,922,262
Transportation - 0.35%
Expeditors International of Washington, Inc.		242,700		10,965,186
TOTAL COMMON STOCKS (Cost $2,799,461,676)			$	3,118,872,816
SHORT TERM INVESTMENTS - 3.14%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	79,222,866	$	79,222,866
T. Rowe Price Reserve Investment Fund		19,394,309		19,394,309
TOTAL SHORT TERM INVESTMENTS
(Cost $98,617,175)			$	98,617,175
REPURCHASE AGREEMENTS - 0.07%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$2,000,089 on 04/01/2008,
collateralized by $2,060,000
Federal Home Loan Mortgage
Corp., 1% due 07/11/2022 (valued
at $2,044,550, 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 $2,900,078,851) - 102.54%			$	3,219,489,991
Liabilities in Excess of Other Assets - (2.54)%				(79,634,648)
TOTAL NET ASSETS - 100.00%			$	3,139,855,343

Capital Appreciation Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.57%
Aerospace - 3.28%
Raytheon Company	248,800	$	16,074,968
United Technologies Corp.	369,100		25,401,462
			41,476,430
Agriculture - 3.13%
Monsanto Company	354,600		39,537,900
Apparel & Textiles - 2.43%
Coach, Inc. *	341,244		10,288,507
NIKE, Inc., Class B	300,008		20,400,544
			30,689,051
Biotechnology - 2.49%
Genentech, Inc. *	388,469		31,535,914
Broadcasting - 1.59%
News Corp., Class A	1,072,500		20,109,375
Computers & Business Equipment - 10.58%
Apple, Inc. *	178,944		25,678,464
Cisco Systems, Inc. *	1,566,265		37,731,324
Hewlett-Packard Company	699,600		31,943,736
Research In Motion, Ltd. *	342,500		38,438,775
			133,792,299
Cosmetics & Toiletries - 2.23%
Colgate-Palmolive Company	362,400		28,234,584
Crude Petroleum & Natural Gas - 3.60%
Marathon Oil Corp.	397,600		18,130,560
Occidental Petroleum Corp.	233,600		17,092,512
Southwestern Energy Company *	307,200		10,349,568
			45,572,640
Drugs & Health Care - 1.20%
Wyeth	363,400		15,175,584
Electronics - 2.04%
Thermo Fisher Scientific, Inc. *	453,800		25,793,992
Energy - 1.72%
First Solar, Inc. *	93,900		21,704,046
Financial Services - 6.97%
Charles Schwab Corp.	1,209,869		22,781,833
Goldman Sachs Group, Inc.	79,090		13,080,695
Lazard, Ltd., Class A	322,500		12,319,500
Merrill Lynch & Company, Inc.	215,900		8,795,766
NYSE Euronext (a)	190,300		11,743,413
Visa, Inc. *	312,800		19,506,208
			88,227,415
Food & Beverages - 3.54%
PepsiCo, Inc.	261,265		18,863,333
The Coca-Cola Company	426,800		25,979,316
			44,842,649
Healthcare Products - 6.19%
Alcon, Inc. (a)	192,081		27,323,522
Baxter International, Inc.	423,100		24,463,642
Hologic, Inc. * (a)	137,900		7,667,240
St. Jude Medical, Inc. *	436,226		18,840,601
			78,295,005

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

41

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Capital Appreciation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Holdings Companies/Conglomerates - 1.99%
General Electric Company	678,812	$	25,122,832
Hotels & Restaurants - 1.35%
Marriott International, Inc., Class A	498,900		17,142,204
Internet Content - 3.38%
Google, Inc., Class A *	97,107		42,772,720
Internet Retail - 1.74%
Amazon.com, Inc. *	308,600		22,003,180
Internet Software - 0.97%
Akamai Technologies, Inc. *	433,800		12,215,808
Leisure Time - 2.84%
Las Vegas Sands Corp. *	77,100		5,677,644
Walt Disney Company	965,700		30,303,666
			35,981,310
Manufacturing - 0.99%
ABB Ltd., SADR	466,800		12,566,256
Petroleum Services - 2.08%
Schlumberger, Ltd.	302,606		26,326,722
Pharmaceuticals - 15.62%
Abbott Laboratories	630,800		34,788,620
Elan Corp. PLC, SADR *	377,300		7,870,478
Gilead Sciences, Inc. *	1,241,128		63,955,326
Merck & Company, Inc.	525,900		19,957,905
Mylan, Inc. * (a)	589,700		6,840,520
Roche Holding AG, SADR	295,889		27,956,954
Schering-Plough Corp.	727,100		10,477,511
Teva Pharmaceutical Industries, Ltd., SADR	558,900		25,815,591
			197,662,905
Retail Grocery - 0.96%
Whole Foods Market, Inc. (a)	366,600		12,086,802
Retail Trade - 3.52%
Costco Wholesale Corp.	288,900		18,769,833
CVS Caremark Corp.	492,500		19,951,175
Saks, Inc. *	464,800		5,796,056
			44,517,064
Sanitary Services - 0.55%
Veolia Environnement, ADR *	99,300		6,944,049
Software - 6.16%
Adobe Systems, Inc. *	609,285		21,684,453
Infosys Technologies, Ltd., ADR (a)	457,700		16,371,929
Microsoft Corp.	1,406,669		39,921,266
			77,977,648
Telecommunications Equipment &
Services - 3.43%
Nokia Oyj, SADR	577,200		18,372,276
QUALCOMM, Inc.	610,900		25,046,900
			43,419,176
TOTAL COMMON STOCKS (Cost $1,189,307,729)		$	1,221,725,560

Capital Appreciation Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 4.25%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	53,797,843	$	53,797,843
TOTAL SHORT TERM INVESTMENTS
(Cost $53,797,843)			$	53,797,843
REPURCHASE AGREEMENTS - 2.88%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$36,354,616 on 04/01/2008,
collateralized by $33,820,000
Federal National Mortgage
Association, 6.00% due
04/18/2036 (valued at
$37,083,630, including interest)	$	36,353,000	$	36,353,000
TOTAL REPURCHASE AGREEMENTS
(Cost $36,353,000)			$	36,353,000
Total Investments (Capital Appreciation Trust)
(Cost $1,279,458,572) - 103.70%			$	1,311,876,403
Liabilities in Excess of Other Assets - (3.70)%				(46,764,126)
TOTAL NET ASSETS - 100.00%			$	1,265,112,277
Classic Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.44%
Aerospace - 2.11%
Northrop Grumman Corp.		12,625	$	982,351
Auto Parts - 2.22%
Magna International, Inc., Class A		14,300		1,031,745
Banking - 5.45%
Bank of America Corp.		44,750		1,696,473
Comerica, Inc.		23,950		840,166
				2,536,639
Biotechnology - 2.60%
Amgen, Inc. *		28,975		1,210,575
Business Services - 2.57%
Affiliated Computer Services, Inc., Class A *		23,875		1,196,376
Cosmetics & Toiletries - 1.51%
Kimberly-Clark Corp.		10,875		701,981
Electrical Utilities - 2.08%
Wisconsin Energy Corp.		22,050		969,980
Electronics - 2.75%
L-3 Communications Holdings, Inc.		8,675		948,524
Tyco Electronics, Ltd.		9,631		330,536
				1,279,060
Energy - 2.07%
Sempra Energy		18,050		961,704
Financial Services - 21.02%
Capital One Financial Corp.		35,750		1,759,615
Citigroup, Inc.		96,075		2,057,926

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

42

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Classic Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Countrywide Financial Corp.	55,275	$	304,012
Federal Home Loan Mortgage Corp.	76,050		1,925,586
Federal National Mortgage Association	59,250		1,559,460
Fidelity National Financial, Inc., Class A	21,242		389,366
Lehman Brothers Holdings, Inc.	16,325		614,473
Morgan Stanley	17,525		800,893
Washington Mutual, Inc.	36,350		374,405
			9,785,736
Food & Beverages - 2.49%
Kraft Foods, Inc., Class A	21,825		676,793
Sara Lee Corp.	34,525		482,660
			1,159,453
Healthcare Products - 4.10%
Covidien, Ltd.	8,656		383,028
Johnson & Johnson	23,525		1,526,067
			1,909,095
Household Appliances - 3.86%
Whirlpool Corp.	20,700		1,796,346
Insurance - 10.80%
Allstate Corp.	42,025		2,019,722
MetLife, Inc.	6,525		393,196
Torchmark Corp.	26,725		1,606,440
XL Capital, Ltd., Class A	34,200		1,010,610
			5,029,968
International Oil - 2.03%
BP PLC, SADR	15,575		944,624
Manufacturing - 0.91%
Tyco International, Ltd.	9,606		423,144
Pharmaceuticals - 8.67%
AmerisourceBergen Corp.	27,300		1,118,754
Bristol-Myers Squibb Company	52,425		1,116,652
Pfizer, Inc.	86,050		1,801,027
			4,036,433
Retail Trade - 9.01%
Home Depot, Inc.	59,400		1,661,418
J.C. Penney Company, Inc.	11,300		426,123
The TJX Companies, Inc.	27,700		916,039
Wal-Mart Stores, Inc.	22,575		1,189,251
			4,192,831
Software - 5.44%
CA, Inc.	56,350		1,267,875
Microsoft Corp.	30,225		857,786
Oracle Corp. *	20,750		405,870
			2,531,531
Telecommunications Equipment &
Services - 4.75%
Alcatel SA, SADR	384,361		2,213,919
TOTAL COMMON STOCKS (Cost $59,804,697)		$	44,893,491

Classic Value Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 3.69%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$1,718,076 on 04/01/2008,
collateralized by $1,740,000
Federal National Mortgage
Association, 5.225% due
01/27/2023 (valued at $1,753,816,
including interest)	$	1,718,000	$	1,718,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,718,000)			$	1,718,000
Total Investments (Classic Value Trust)
(Cost $61,522,697) - 100.13%			$	46,611,491
Liabilities in Excess of Other Assets - (0.13)%				(60,166)
TOTAL NET ASSETS - 100.00%			$	46,551,325
Core Allocation Plus Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 55.40%
Advertising - 0.29%
Monster Worldwide, Inc. *		2,800	$	67,788
Agriculture - 1.21%
Agrium, Inc.		500		31,055
Archer-Daniels-Midland Company		900		37,044
Bunge, Ltd.		800		69,504
Chaoda Modern Agriculture Holdings, Ltd.		8,000		9,128
Golden Agri-Resources, Ltd. *		24,000		17,590
Kuala Lumpur Kepong BHD		2,300		11,708
Monsanto Company		750		83,625
The Mosaic Company *		100		10,260
Wilmar International, Ltd. *		5,000		15,341
				285,255
Air Travel - 0.15%
Delta Air Lines, Inc. *		4,100		35,260
Aluminum - 0.29%
Alcoa, Inc.		1,900		68,514
Apparel & Textiles - 0.59%
Carter's, Inc. *		5,100		82,365
Ports Design, Ltd.		4,500		12,801
Weiqiao Textile Company, Ltd.		34,000		44,024
				139,190
Auto Parts - 0.65%
Hyundai Mobis		323		25,267
NHK Spring Company, Ltd.		9,000		64,278
TRW Automotive Holdings Corp. *		2,600		60,762
Weichai Power Company, Ltd.		1,000		3,756
				154,063
Auto Services - 0.03%
Hertz Global Holdings, Inc. *		500		6,030
Automobiles - 0.27%
Dongfeng Motor Group Company, Ltd.		10,000		4,530

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

43

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Automobiles (continued)
Ford Motor Company *	5,600	$	32,032
Honda Motor Company, Ltd.	930		26,863
			63,425
Banking - 2.01%
Bank of America Corp.	3,700		140,267
Bank of China, Ltd.	97,000		41,925
Chang Hwa Commercial Bank, Ltd.	107,000		81,115
China Merchants Bank Company, Ltd.	6,500		22,874
Industrial & Commercial Bank of China, Ltd.	95,000		66,903
Julius Baer Holding AG	421		31,076
Kotak Mahindra Bank, Ltd. *	748		11,678
National City Corp.	1,000		9,950
Popular, Inc.	1,700		19,822
Sovereign Bancorp, Inc.	2,600		24,232
UCBH Holdings, Inc.	3,000		23,280
			473,122
Biotechnology - 0.70%
Amgen, Inc. *	300		12,534
Genentech, Inc. *	1,200		97,416
Millennium Pharmaceuticals, Inc. *	3,500		54,110
			164,060
Broadcasting - 0.33%
MCOT PCL	34,900		31,037
XM Satellite Radio Holdings, Inc., Class A *	4,100		47,642
			78,679
Building Materials & Construction - 0.67%
Anhui Conch Cement Company, Ltd., Class H	1,000		6,921
Jaiprakash Associates, Ltd. *	8,054		45,653
Masco Corp.	1,100		21,813
Vinci SA, ADR	1,156		83,626
			158,013
Business Services - 0.33%
Accenture, Ltd., Class A	800		28,136
H & R Block, Inc.	2,400		49,824
			77,960
Cable & Television - 1.51%
Comcast Corp., Class A	10,800		208,872
Time Warner, Inc.	6,600		92,532
Viacom, Inc., Class B *	1,400		55,468
			356,872
Cellular Communications - 0.45%
China Mobile, Ltd.	5,500		82,636
Metropcs Communications, Inc. *	1,400		23,800
			106,436
Chemicals - 1.97%
Agrium, Inc.	800		49,694
CF Industries Holdings, Inc.	300		31,086
Makhteshim-Agam Industries, Ltd.	1,621		11,889
Potash Corp. of Saskatchewan, Inc.	800		124,312
Shin-Etsu Chemical Company, Ltd.	1,000		52,071
Sinopec Shanghai Petrochemical
Company, Ltd., Class H	10,000		3,461
Syngenta AG *	194		56,676

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chemicals (continued)
Terra Industries, Inc. *	300	$	10,659
UCB SA	2,566		89,132
Yara International ASA	600		34,894
			463,874
Coal - 0.31%
China Shenhua Energy Company, Ltd.	5,500		22,237
CONSOL Energy, Inc.	600		41,514
Peabody Energy Corp.	200		10,200
			73,951
Computer Services - 0.52%
NetApp, Inc. *	6,100		122,305
Computers & Business Equipment - 1.07%
Canon, Inc.	2,300		107,280
Cisco Systems, Inc. *	6,000		144,540
			251,820
Construction Materials - 0.06%
China Communications
Construction Company , Ltd.	6,000		13,484
Cosmetics & Toiletries - 0.93%
Hengan International Group Company, Ltd.,
GDR	7,000		24,134
Nu Skin Enterprises, Inc., Class A	3,000		54,060
Procter & Gamble Company	2,000		140,140
			218,334
Crude Petroleum & Natural Gas - 1.19%
Chesapeake Energy Corp.	1,275		58,841
CNOOC, Ltd.	25,000		36,766
EOG Resources, Inc.	200		24,000
Hess Corp.	1,000		88,180
Marathon Oil Corp.	200		9,120
Newfield Exploration Company *	500		26,425
Noble Energy, Inc.	100		7,280
Occidental Petroleum Corp.	300		21,951
Statoil ASA	250		7,500
			280,063
Domestic Oil - 0.08%
Suncor Energy, Inc.	200		19,331
Drugs & Health Care - 1.50%
AstraZeneca Group PLC	1,083		40,623
Eisai Company, Ltd.	2,200		75,748
Shionogi & Company, Ltd.	7,000		120,384
Wyeth	2,800		116,928
			353,683
Educational Services - 0.33%
INVESTools, Inc. *	7,200		79,128
Electrical Equipment - 0.63%
Fujikura, Ltd.	14,000		63,680
Yokogawa Electric Corp.	8,300		84,317
			147,997
Electrical Utilities - 0.05%
Beijing Datang Power Generation
Company, Ltd., Class H	10,000		5,387

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

44

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
Huaneng Power International, Inc., Class H	8,000	$	6,109
			11,496
Electronics - 1.54%
Belden, Inc.	1,700		60,044
Flextronics International, Ltd. *	9,400		88,266
Ibiden Company, Ltd.	1,400		55,527
Kingboard Laminates Holdings, Ltd. *	70,500		41,988
Safran SA	1,965		40,312
Samsung Electronics Company, Ltd., GDR (g)	250		78,062
			364,199
Energy - 0.35%
Covanta Holding Corp. *	1,400		38,500
Suntech Power Holdings Company, Ltd., ADR *	1,100		44,616
			83,116
Financial Services - 5.27%
Aberdeen Asset Management PLC	14,175		38,978
Capital One Financial Corp.	2,800		137,816
Citigroup, Inc.	2,900		62,118
Discover Financial Services	10,500		171,885
Federal Home Loan Mortgage Corp.	1,500		37,980
Federal National Mortgage Association	2,100		55,272
Goldman Sachs Group, Inc.	815		134,793
Infrastructure Development Finance
Company, Ltd. *	2,406		9,052
Invesco, Ltd.	6,100		148,596
Melco International Development	5,000		6,920
Morgan Stanley	1,330		60,781
State Street Corp.	755		59,645
UBS AG	4,625		133,200
UBS AG	400		11,647
Washington Mutual, Inc.	5,550		57,165
Western Union Company	5,500		116,985
			1,242,833
Food & Beverages - 1.26%
China Mengniu Dairy Company, Ltd.	5,000		14,603
Cosan SA Industria e Comercio	1,800		26,671
Dean Foods Company *	500		10,045
Hormel Foods Corp.	200		8,332
Pan Fish ASA *	32,000		18,824
People's Food Holdings, Ltd.	82,000		62,565
PepsiCo, Inc.	1,100		79,420
Perdigao SA *	400		9,164
Sysco Corp.	1,700		49,334
Tate & Lyle PLC	1,652		17,714
			296,672
Gas & Pipeline Utilities - 0.72%
BG Group PLC	1,212		28,084
Equitable Resources, Inc.	200		11,780
OAO Gazprom, SADR	2,000		101,918
Transocean, Inc. *	200		27,040
			168,822
Healthcare Products - 0.95%
Becton, Dickinson & Company	200		17,170
Fresenius Medical Care AG	305		15,349

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Medtronic, Inc.	2,900	$	140,273
Shandong Weigao Group Medical Polymer
Company, Ltd. *	4,000		4,808
St. Jude Medical, Inc. *	700		30,233
Synthes AG	66		9,227
Zimmer Holdings, Inc. *	100		7,786
			224,846
Healthcare Services - 1.50%
Healthsouth Corp. *	8,200		145,878
Humana, Inc. *	350		15,701
McKesson Corp.	600		31,422
UnitedHealth Group, Inc.	3,350		115,106
WellPoint, Inc. *	1,040		45,895
			354,002
Holdings Companies/Conglomerates - 1.83%
Beijing Enterprises Holdings, Ltd.	5,500		21,421
General Electric Company	7,900		292,379
Mitsui & Company, Ltd.	1,000		20,521
SBI Holdings, Inc.	113		27,343
TUI AG *	2,705		69,439
			431,103
Homebuilders - 0.15%
Persimmon PLC	2,385		36,222
Household Products - 0.09%
Unilever NV	615		20,703
Industrial Machinery - 0.82%
AGCO Corp. *	400		23,952
Amada Company, Ltd.	9,000		68,903
CNH Global NV	200		10,406
Deere & Company	900		72,396
Valmont Industries, Inc.	200		17,578
			193,235
Insurance - 1.04%
Aetna, Inc.	550		23,149
American International Group, Inc.	1,290		55,793
China Insurance International Holdings
Company, Ltd. *	3,000		6,875
China Life Insurance Company, Ltd.	11,000		38,214
ING Groep NV, SADR	1,230		45,965
MBIA, Inc.	2,700		32,994
MGIC Investment Corp.	4,000		42,120
			245,110
International Oil - 1.85%
Canadian Natural Resources, Ltd.	200		13,692
Chevron Corp.	400		34,144
ConocoPhillips	300		22,863
EnCana Corp.	825		62,494
EnCana Corp.	200		15,237
Eni SpA	530		18,041
Exxon Mobil Corp.	1,725		145,900
Lukoil Oil Company, ADR	100		8,580
Nabors Industries, Ltd. *	100		3,377
PetroChina Company, Ltd., Class H	16,000		19,971

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

45

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
International Oil (continued)
Petroleo Brasileiro SA, ADR	200	$	20,422
Royal Dutch Shell PLC, B Shares	479		16,136
Total SA	266		19,706
Weatherford International, Ltd. *	500		36,235
			436,798
Internet Content - 0.31%
CMGI, Inc. *	1,800		23,868
Google, Inc., Class A *	110		48,452
			72,320
Internet Retail - 0.15%
Rakuten, Inc.	57		34,326
Investment Companies - 0.07%
Canadian Oil Sands Trust, ADR	400		16,172
Leisure Time - 0.43%
DreamWorks Animation SKG, Inc., Class A *	1,700		43,826
Electronic Arts, Inc. *	1,160		57,907
			101,733
Manufacturing - 0.59%
Carlisle Companies, Inc.	3,000		100,320
China Resources Enterprises, Ltd.	12,000		38,939
			139,259
Metal & Metal Products - 1.55%
Alumina, Ltd.	7,716		39,495
Cameco Corp.	2,100		69,174
Companhia Vale Do Rio Doce, ADR *	1,400		48,496
Energy Resources of Australia, Ltd.	3,656		66,039
Eurasian Natural Resources Corp. *	2,205		43,105
Paladin Resources, Ltd. *	11,411		53,131
Uranium One, Inc. *	14,400		47,418
			366,858
Mining - 0.97%
Anglo Platinum, Ltd.	276		40,505
BHP Billiton, Ltd.	592		19,454
Freeport-McMoRan Copper & Gold, Inc.,
Class B	845		81,306
Gold Fields, Ltd., SADR	2,400		33,192
Jiangxi Copper Company, Ltd., Class H	4,000		7,680
Teck Cominco, Ltd.	800		32,804
Yanzhou Coal Mining Company, Ltd., Class H	10,000		14,090
			229,031
Office Furnishings & Supplies - 0.43%
Acco Brands Corp. *	3,500		47,495
Konica Minolta Holdings, Inc.	4,000		55,031
			102,526
Oil Comp-Explor&Prodtn - 0.04%
Aban Offshore, Ltd. *	129		9,862
Paper - 0.06%
Aracruz Celulose SA, SADR	200		13,652
Petroleum Services - 1.33%
Baker Hughes, Inc.	800		54,800
BP PLC	1,265		12,816
China Oilfield Services, Ltd., H Shares	2,000		3,316

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services (continued)
Halliburton Company	3,100	$	121,923
Hercules Offshore, Inc. *	900		22,608
Schlumberger, Ltd.	975		84,825
Valero Energy Corp.	300		14,733
			315,021
Pharmaceuticals - 3.39%
Abbott Laboratories	1,150		63,422
Astellas Pharmaceuticals, Inc.	1,200		47,128
AstraZeneca PLC, SADR	700		26,593
Bristol-Myers Squibb Company	800		17,040
Daiichi Sankyo Company, Ltd.	1,700		50,433
Elan Corp. PLC, SADR *	7,000		146,020
Eli Lilly & Company	2,250		116,078
Gilead Sciences, Inc. *	800		41,224
Sanofi-Aventis SA	359		26,926
Sanofi-Aventis, ADR	2,600		97,604
Schering-Plough Corp.	8,800		126,808
Teva Pharmaceutical Industries, Ltd., SADR	400		18,476
Vertex Pharmaceuticals, Inc. *	900		21,501
			799,253
Real Estate - 0.38%
Hopson Development Holdings, Ltd., GDR	6,000		9,372
Kimco Realty Corp., REIT	800		31,336
Mitsubishi Estate Company, Ltd.	2,000		49,018
			89,726
Retail - 0.43%
Dufry Group	470		47,372
Lotte Shopping Company, Ltd.	33		10,040
Lotte Shopping Company, Ltd.	3,100		44,578
			101,990
Retail Grocery - 0.20%
Safeway, Inc.	400		11,740
SUPERVALU, Inc.	1,200		35,976
			47,716
Retail Trade - 2.23%
Don Quijote Company, Ltd. *	3,800		69,688
Genius Products, Inc. *	8,400		5,880
Home Depot, Inc.	1,500		41,955
Kohl's Corp. *	2,660		114,087
Limited Brands, Inc.	6,800		116,280
Lowe's Companies, Inc.	3,000		68,820
Walgreen Company	1,600		60,944
Wal-Mart Stores, Inc.	900		47,412
			525,066
Sanitary Services - 0.28%
Waste Management, Inc.	1,970		66,113
Semiconductors - 2.28%
Applied Materials, Inc.	4,460		87,015
Broadcom Corp., Class A *	2,000		38,540
Intel Corp.	4,850		102,723
Lam Research Corp. *	900		34,398
Marvell Technology Group, Ltd. *	5,900		64,192
Maxim Integrated Products, Inc.	8,000		163,120

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

46

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Wolfson Microelectronics PLC *	21,404	$	48,232
			538,220
Software - 0.72%
Autodesk, Inc. *	400		12,592
Microsoft Corp.	5,530		156,941
			169,533
Steel - 0.55%
ArcelorMittal	400		32,720
Nucor Corp.	500		33,870
United States Steel Corp.	500		63,435
			130,025
Telecommunications Equipment &
Services - 1.63%
Alcatel-Lucent, SADR	14,100		81,216
China Telecom Corp., Ltd.	60,000		37,932
Comverse Technology, Inc. *	3,300		50,820
Fairpoint Communications, Inc.	1,900		17,138
QUALCOMM, Inc.	4,200		172,200
Sonus Networks, Inc. *	7,400		25,456
			384,762
Tobacco - 0.40%
Japan Tobacco, Inc.	19		95,047
Toys, Amusements & Sporting Goods - 0.33%
Mattel, Inc.	3,900		77,610
Transportation - 0.07%
Shun Tak Holdings, Ltd.	8,000		10,645
Viterra, Inc. *	500		7,058
			17,703
Travel Services - 0.09%
Ctrip.com International, Ltd., ADR	400		21,208
Trucking & Freight - 1.00%
All America Latina Logistica SA	1,100		11,096
FedEx Corp.	800		74,136
Singapore Post, Ltd.	41,000		34,405
United Parcel Service, Inc., Class B	1,600		116,832
			236,469
TOTAL COMMON STOCKS (Cost $14,296,413)		$	13,068,995
U.S. TREASURY OBLIGATIONS - 9.46%
Treasury Inflation Protected
Securities (d) - 1.71%
2.00% due 01/15/2014	205,594		222,684
2.375% due 01/15/2017	162,211		181,042
			403,726
U.S. Treasury Bonds - 5.45%
6.25% due 08/15/2023	400,000		492,343
8.75% due 08/15/2020	425,000		624,086
5.25% due 11/15/2028	150,000		168,809
			1,285,238

Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
U.S. Treasury Notes - 2.30%
4.50% due 11/30/2011	$	500,000	$	542,735
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $2,154,056)			$	2,231,699
U.S. GOVERNMENT AGENCY OBLIGATIONS - 6.43%
Federal National Mortgage
Association - 6.43%
5.00% TBA **		500,000		494,844
5.50% TBA **		500,000		504,688
6.50% TBA **		500,000		517,812
				1,517,344
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $1,487,578)			$	1,517,344
FOREIGN GOVERNMENT OBLIGATIONS - 0.21%
Brazil - 0.21%
Federative Republic of Brazil
6.00% due 11/15/2009	BRL	50,000		48,290
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $47,147)			$	48,290
CORPORATE BONDS - 10.02%
Agriculture - 0.22%
Cargill, Inc.
5.60% due 09/15/2012 (g)	$	50,000		51,242
Air Travel - 0.21%
Continental Airlines, Inc., Series 974A
6.90% due 01/02/2018		50,524		48,629
Automobiles - 0.24%
DaimlerChrysler NA Holding Corp.
8.50% due 01/18/2031		50,000		57,156
Banking - 0.43%
Bank of America Corp.
5.75% due 12/01/2017		50,000		51,742
Wachovia Corp.
5.75% due 06/15/2017		50,000		48,530
				100,272
Broadcasting - 0.46%
Comcast Cable Communications
8.50% due 05/01/2027		50,000		58,571
Viacom, Inc.
5.75% due 04/30/2011		50,000		50,532
				109,103
Cable & Television - 0.63%
COX Communications, Inc.
6.45% due 12/01/2036		50,000		48,226
Time Warner Cable, Inc.
5.85% due 05/01/2017		50,000		47,861
Time Warner, Inc.
7.625% due 04/15/2031		50,000		52,295
				148,382

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

47

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cellular Communications - 0.23%
AT&T Wireless Services, Inc.
7.875% due 03/01/2011	$	50,000	$	54,386
Chemicals - 0.21%
Cytec Industries, Inc.
6.00% due 10/01/2015		50,000		49,522
Electrical Utilities - 0.55%
CenterPoint Energy Transition Bond Co LLC,
Series A-4
5.17% due 08/01/2019		26,000		26,064
CenterPoint Energy Transition Bond Company,
LLC, Series A-2
4.97% due 08/01/2014		50,000		51,810
Union Electric Company
6.40% due 06/15/2017		50,000		52,547
				130,421
Energy - 0.22%
Midamerican Energy Company, Series MTN
5.125% due 01/15/2013		50,000		51,637
Financial Services - 2.71%
Bear Stearns Companies, Inc.
6.40% due 10/02/2017		15,000		14,811
CIT Group, Inc.
7.625% due 11/30/2012		25,000		20,778
Citigroup, Inc.
5.50% due 08/27/2012		50,000		50,284
6.875% due 03/05/2038		50,000		49,898
Countrywide Home Loan
4.00% due 03/22/2011		25,000		22,296
Goldman Sachs Group, Inc.
6.15% due 04/01/2018		70,000		69,896
6.75% due 10/01/2037		40,000		37,213
International Lease Finance Corp.
5.625% due 09/15/2010		50,000		50,397
JP Morgan Chase & Company
5.375% due 10/01/2012		50,000		51,917
6.00% due 01/15/2018		50,000		52,141
Lehman Brothers Holdings, Inc., MTN
5.625% due 01/24/2013		15,000		14,586
6.20% due 09/26/2014		50,000		49,316
Merrill Lynch & Company, Inc.
5.45% due 02/05/2013		15,000		14,758
6.40% due 08/28/2017		50,000		49,340
Morgan Stanley Dean Witter
6.60% due 04/01/2012		50,000		51,839
The Bear Stearns Companies, Inc.
5.35% due 02/01/2012		15,000		14,426
Wells Fargo & Company
4.375% due 01/31/2013		25,000		24,872
				638,768
Food & Beverages - 0.25%
General Mills, Inc.
5.20% due 03/17/2015		5,000		5,014
SABMiller PLC
6.50% due 07/01/2016 (g)		50,000		54,204
				59,218

Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Services - 0.10%
UnitedHealth Group, Inc.
6.00% due 02/15/2018	$	25,000	$	24,488
Insurance - 0.54%
ACE Capital Trust II
9.70% due 04/01/2030		50,000		56,019
Everest Reinsurance Holdings, Inc.
8.75% due 03/15/2010		50,000		55,034
Prudential Financial, Inc., MTN
5.15% due 01/15/2013		15,000		14,977
				126,030
Liquor - 0.30%
Cia Brasileira de Bebidas
10.50% due 12/15/2011		60,000		71,700
Manufacturing - 0.30%
General Electric Company
5.25% due 12/06/2017		70,000		69,903
Newspapers - 0.05%
News America Holdings, Inc.
9.25% due 02/01/2013		10,000		11,604
Pharmaceuticals - 0.31%
AmerisourceBergen Corp.
5.875% due 09/15/2015		75,000		73,648
Real Estate - 0.50%
Health Care Property Investors, Inc., REIT
5.65% due 12/15/2013		30,000		26,762
Liberty Property LP, REIT
7.25% due 03/15/2011		30,000		31,558
Realty Income Corp., REIT
6.75% due 08/15/2019		30,000		28,449
United Dominion Realty Trust, Inc., REIT
6.05% due 06/01/2013		30,000		30,137
				116,906
Rental Auto/Equipment - 0.30%
Erac USA Finance Company
5.80% due 10/15/2012 (g)		75,000		71,480
Retail - 0.22%
CVS Caremark Corp.
6.125% due 08/15/2016		50,000		52,137
Telephone - 0.82%
AT&T, Inc.
5.50% due 02/01/2018		25,000		24,479
6.30% due 01/15/2038		25,000		24,173
Sprint Capital Corp.
7.625% due 01/30/2011		50,000		46,250
Telecom Italia Capital SA
6.20% due 07/18/2011		50,000		49,602
Verizon Communications, Inc.
5.55% due 02/15/2016		50,000		49,745
				194,249
Television - 0.22%
CBS Corp.
7.70% due 07/30/2010		50,000		52,619
TOTAL CORPORATE BONDS (Cost $2,415,544)			$	2,363,500

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

48

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS - 2.96%
Banc of America Commercial Mortgage, Inc.,
Series 2005-6, Class A4
5.181% due 09/10/2047 (b)	$	100,000	$	99,489
Bear Stearns Commercial Mortgage Securities,
Series 2004-T16, Class A6
4.75% due 02/13/2046 (b)		75,000		73,277
Greenwich Capital Commercial Funding Corp,
Series 2004-GG1, Class A7
5.317% due 06/10/2036 (b)		70,000		69,802
LB-UBS Commercial Mortgage Trust,
Series 2006-C4, Class A4
5.8831% due 06/15/2038 (b)		25,000		25,472
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class A4
5.6584% due 05/12/2039 (b)		100,000		100,667
Morgan Stanley Capital I, Inc., Series 2005-T17,
Class A5
4.78% due 12/13/2041 (b)		85,000		83,073
Morgan Stanley Capital I, Series 2006-T21, Class A4
5.162% due 10/12/2052 (b)		100,000		97,496
Morgan Stanley Dean Witter Capital I,
Series 2001, Class A4
6.39% due 06/15/2011		53,260		54,875
Nomura Asset Securities Corp.,
Series 1998-D6, Class A1B
6.59% due 03/15/2030		27,145		27,202
Prudential Commercial Mortgage Trust,
Series 2003-PWR1, Class A2
4.493% due 02/11/2036		70,000		67,453
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $712,127)			$	698,806
ASSET BACKED SECURITIES - 2.27%
Bank One Issuance Trust, Series 2003-A7, Class A7
3.35% due 03/15/2011		75,000		75,069
Capital Auto Receivables Asset Trust,
Series 2006-2, Class A3A
4.98% due 05/15/2011		25,000		25,284
Chase Issuance Trust, Series 2005-A4, Class A4
4.23% due 01/15/2013		64,000		65,049
Chase Manhattan Auto Owner Trust, Series
2005-B, Class A3
4.84% due 07/15/2009		29,282		29,376
Honda Auto Receivables Owner Trust, Series
2005-2, Class A4
4.15% due 10/15/2010		67,098		67,352
Hyundai Auto Receivables Trust, Series 2007-A,
Class A2B
3.1675% due 01/15/2010 (b)		100,000		99,831
MBNA Credit Card Master Note Trust, Series
2003-A11, Class A11
3.65% due 03/15/2011		40,000		40,093
Peco Energy Transition Trust,
Series 2000-A, Class A4
7.65% due 03/01/2010		75,000		79,146
USAA Auto Owner Trust, Series 2006-4, Class A4
4.98% due 10/15/2012		54,000		55,316
TOTAL ASSET BACKED SECURITIES
(Cost $528,586)			$	536,516

Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 2.76%
Investment Companies - 2.76%
iShares MSCI Emerging Markets Index Fund		4,850	$	651,743
TOTAL INVESTMENT COMPANIES (Cost $700,030)			$	651,743
REPURCHASE AGREEMENTS - 16.21%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$3,823,170 on 04/01/2008,
collateralized by $3,610,000
Federal Farm Credit Bank, 5.21%
due 12/19/2022 (valued at
$3,902,121, including interest)	$	3,823,000	$	3,823,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,823,000)			$	3,823,000
Total Investments (Core Allocation Plus Trust)
(Cost $26,164,481) - 105.72%			$	24,939,893
Liabilities in Excess of Other Assets - (5.72)%				(1,348,838)
TOTAL NET ASSETS - 100.00%			$	23,591,055
Core Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 9.87%
U.S. Treasury Bonds - 4.36%
4.75% due 02/15/2037	$	3,466,000	$	3,727,846
5.00% due 05/15/2037		479,000		535,844
5.375% due 02/15/2031		391,000		452,216
6.25% due 08/15/2023 to 05/15/2030		5,246,000		6,498,438
8.875% due 02/15/2019		965,000		1,402,869
				12,617,213
U.S. Treasury Notes - 5.30%
2.00% due 02/28/2010		406,000		408,823
2.75% due 02/28/2013		2,236,000		2,266,745
3.125% due 11/30/2009		39,000		39,948
3.25% due 12/31/2009		213,000		218,874
3.50% due 02/15/2018		4,203,000		4,227,297
3.625% due 10/31/2009 to 05/15/2013		550,000		571,175
4.25% due 11/15/2017		6,855,000		7,313,963
4.50% due 05/15/2010		257,000		272,701
4.625% due 07/31/2009		8,000		8,324
				15,327,850
U.S. Treasury Strips - 0.21%
zero coupon due 11/15/2027		1,459,000		600,009
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $27,794,668)			$	28,545,072
U.S. GOVERNMENT AGENCY OBLIGATIONS - 51.74%
Federal Home Loan Bank - 0.74%
5.46% due 11/27/2015		2,119,478		2,157,420
Federal Home Loan Mortgage Corp. - 9.34%
3.57% due 06/15/2029		38,007		37,971
3.90% due 01/15/2023		693,200		695,388

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

49

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
4.50% due 05/01/2018 to 08/01/2020	$	3,721,719	$	3,718,566
5.00% due 10/01/2014		521,682		536,062
5.50% due 01/01/2017 to 10/01/2030		7,976,227		8,165,981
5.528% due 06/01/2037 (b)		749,324		762,952
5.744% due 05/01/2037		533,764		543,554
5.841% due 04/01/2036 (b)		501,387		513,038
5.852% due 12/01/2036 (b)		378,544		386,162
5.865% due 05/01/2037 (b)		285,172		289,024
5.885% due 01/01/2037 (b)		777,525		790,819
5.911% due 04/01/2037 (b)		231,341		235,348
5.922% due 04/01/2037 (b)		877,604		893,191
5.925% due 06/01/2037 (b)		393,457		404,584
5.987% due 10/01/2037 (b)		1,221,376		1,251,447
6.00% due 08/01/2016 to 05/01/2020		427,657		440,762
6.00% TBA **		2,958,000		3,043,967
6.015% due 04/01/2037 (b)		687,120		701,911
6.146% due 09/01/2037 (b)		731,657		752,849
6.226% due 05/01/2037 (b)		145,267		149,277
6.30% due 04/01/2037 (b)		406,019		418,968
6.399% due 06/01/2036 (b)		115,882		119,645
6.411% due 04/01/2037 to 10/01/2037 (b)		411,369		424,314
6.429% due 11/01/2037 (b)		438,071		449,485
6.573% due 11/01/2036 (b)		579,074		599,079
6.677% due 11/01/2036 (b)		679,203		701,520
				27,025,864
Federal National Mortgage
Association - 35.64%
4.00% due 05/01/2034		1,826,462		1,724,602
4.50% due 06/01/2013 to 10/01/2018		2,520,077		2,528,194
5.00% due 10/01/2018 to 03/01/2038		11,516,029		11,591,506
5.00% TBA **		14,906,000		14,949,764
5.50% due 01/01/2017 to 07/01/2034		23,778,143		24,278,473
5.50% TBA **		23,699,000		24,065,096
5.675% due 09/01/2037 (b)		340,087		352,308
5.704% due 05/01/2037 (b)		889,525		908,113
5.713% due 04/01/2036		333,251		341,091
5.766% due 08/01/2037 (b)		513,597		522,102
5.775% due 05/01/2037 (b)		368,802		378,880
5.808% due 06/01/2037 (b)		541,324		556,792
5.878% due 02/01/2037 (b)		199,775		203,839
5.896% due 06/01/2037 (b)		1,304,725		1,340,889
5.922% due 04/01/2037 (b)		987,764		1,016,759
5.927% due 07/01/2037 (b)		494,645		507,703
5.937% due 10/01/2036 (b)		829,145		846,806
5.953% due 01/01/2037 (b)		942,302		968,744
5.977% due 04/01/2037 (b)		242,531		248,370
6.00% due 05/01/2021 to 11/01/2023		1,521,987		1,573,628
6.00% TBA **		113,000		116,284
6.02% due 04/01/2037 (b)		168,147		171,990
6.028% due 01/01/2037 (b)		231,400		236,989
6.05% due 08/01/2037 (b)		1,176,742		1,213,430
6.082% due 09/01/2036 (b)		292,849		300,164
6.09% due 09/01/2037 (b)		468,894		481,718
6.097% due 12/01/2036 (b)		402,313		412,968
6.106% due 11/01/2037 (b)		710,168		721,298
6.125% due 12/01/2036 (b)		196,124		201,563

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
6.284% due 09/01/2037 (b)	$	730,916	$	748,613
6.50% due 12/01/2037 to 01/01/2038		2,776,720		2,852,394
6.50% TBA **		5,366,000		5,549,509
7.00% due 11/01/2037 to 12/01/2037		1,107,204		1,163,136
				103,073,715
Government National Mortgage
Association - 6.02%
5.00% due 01/15/2018 to 01/15/2020		6,910,930		7,024,973
6.00% due 10/15/2033		975,868		1,011,208
6.50% due 12/15/2032		1,580,983		1,649,647
6.50% TBA **		7,426,000		7,718,399
				17,404,227
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $148,007,174)			$	149,661,226
FOREIGN GOVERNMENT OBLIGATIONS - 1.24%
Brazil - 0.28%
Federative Republic of Brazil
6.00% due 01/17/2017		800,000		815,600
Canada - 0.29%
Province of Quebec Canada
5.125% due 11/14/2016		770,000		832,563
Italy - 0.08%
Republic of Italy
5.375% due 06/15/2033		207,000		217,030
Mexico - 0.29%
Government of Mexico
5.625% due 01/15/2017		265,000		278,515
5.875% due 01/15/2014		236,000		252,520
6.05% due 01/11/2040		322,000		321,195
				852,230
United Arab Emirates - 0.30%
Emirate of Abu Dhabi
5.50% due 08/02/2012		800,000		863,135
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $3,401,521)			$	3,580,558
CORPORATE BONDS - 21.15%
Aerospace - 0.06%
Lockheed Martin Corp.
4.121% due 03/14/2013		175,000		175,251
Automobiles - 0.84%
DaimlerChrysler NA Holding Corp.
6.50% due 11/15/2013		1,290,000		1,359,774
8.50% due 01/18/2031		155,000		177,185
DaimlerChrysler NA Holding Corp., MTN
3.2175% due 03/13/2009 (b)		905,000		893,811
				2,430,770
Banking - 1.53%
Bank of America Corp.
5.375% due 06/15/2014		205,000		210,826

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

50

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Credit Suisse New York
5.75% due 02/15/2018	$	790,000	$	788,114
Export-Import Bank Of Korea
5.50% due 10/17/2012		930,000		953,657
HSBC Holdings PLC
6.50% due 09/15/2037		325,000		308,308
PNC Bank NA, Series BKNT
6.875% due 04/01/2018		120,000		122,036
PNC Funding Corp.
5.25% due 11/15/2015		451,000		425,530
US Bank NA, MTN
5.92% due 05/25/2012		1,311,633		1,362,170
Wachovia Capital Trust III
5.80% due 08/29/2049 (b)		360,000		256,500
				4,427,141
Broadcasting - 0.09%
Walt Disney Company
4.70% due 12/01/2012		250,000		256,614
Cable & Television - 0.92%
AT&T Broadband Corp.
8.375% due 03/15/2013		1,568,000		1,741,783
Rogers Cable, Inc.
5.50% due 03/15/2014		140,000		132,123
Time Warner Cable, Inc.
5.85% due 05/01/2017		340,000		325,451
Time Warner Entertainment Company LP
8.375% due 07/15/2033		404,000		454,574
				2,653,931
Cellular Communications - 0.43%
America Movil SA de CV
6.125% due 11/15/2037		201,000		186,327
America Movil SAB de CV
6.375% due 03/01/2035		390,000		377,421
Rogers Wireless, Inc.
6.375% due 03/01/2014		695,000		689,066
				1,252,814
Commercial Services - 0.20%
Hutchison Whampoa International 03/33, Ltd.
7.45% due 11/24/2033 (g)		550,000		565,061
Computers & Business Equipment - 0.35%
Hewlett-Packard Company
4.50% due 03/01/2013		331,000		335,796
5.50% due 03/01/2018		330,000		338,091
Xerox Corp.
5.50% due 05/15/2012		345,000		347,905
				1,021,792
Cosmetics & Toiletries - 0.13%
Estee Lauder Company, Inc.
5.55% due 05/15/2017		355,000		362,357
Crude Petroleum & Natural Gas - 1.24%
Husky Oil Company, Ltd.
7.55% due 11/15/2016		255,000		292,545
Petrobras International Finance Company
5.875% due 03/01/2018		915,000		880,729
6.125% due 10/06/2016		815,000		812,718

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Crude Petroleum & Natural Gas
(continued)
Ras Laffan Liquefied Natural Gas Company, Ltd. III
6.332% due 09/30/2027 (g)	$	355,000	$	323,934
Southern Natural Gas Company
5.90% due 04/01/2017 (g)		135,000		131,967
Transocean, Inc.
6.00% due 03/15/2018		505,000		519,456
Weatherford International, Inc.
5.95% due 06/15/2012		270,000		281,453
6.35% due 06/15/2017		330,000		341,338
				3,584,140
Domestic Oil - 0.57%
Devon Financing Corp., ULC
6.875% due 09/30/2011		570,000		622,145
Marathon Oil Corp.
5.90% due 03/15/2018		530,000		532,755
6.00% due 10/01/2017		170,000		172,455
6.60% due 10/01/2037		337,000		334,832
				1,662,187
Drugs & Health Care - 0.46%
Wyeth
6.95% due 03/15/2011		1,237,000		1,337,105
Electrical Utilities - 2.90%
Allegheny Energy Supply Company LLC
8.25% due 04/15/2012 (g)		265,000		286,200
Carolina Power & Light Company
6.30% due 04/01/2038		175,000		179,473
CMS Energy Corp.
6.55% due 07/17/2017		290,000		280,581
Commonwealth Edison
6.15% due 09/15/2017		290,000		297,718
6.45% due 01/15/2038		330,000		318,016
DPL, Inc.
6.875% due 09/01/2011		770,000		821,725
Duke Energy Carolinas LLC
6.00% due 01/15/2038		495,000		493,378
Midamerican Energy Holdings Company
5.75% due 04/01/2018		545,000		550,360
Nevada Power Company, Series A
8.25% due 06/01/2011		560,000		604,601
Northern States Power
5.25% due 03/01/2018		265,000		269,494
Pacific Gas & Electric Company
6.35% due 02/15/2038		345,000		349,468
Progress Energy, Inc.
6.85% due 04/15/2012		240,000		259,686
Public Service Company of Colorado
7.875% due 10/01/2012		408,000		470,310
Southern California Edison Company, Series 08-A
5.95% due 02/01/2038		650,000		651,473
Taqa Abu Dhabi National Energy Company
5.62% due 10/25/2012 (g)		1,883,000		1,941,782
Virginia Electric & Power Company
6.35% due 11/30/2037		195,000		199,381
Virginia Electric and Power Company
5.10% due 11/30/2012		410,000		426,005
				8,399,651

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

51

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services - 5.13%
Allied Capital Corp.
6.625% due 07/15/2011	$	1,025,000	$	1,075,607
American Express Company
8.15% due 03/19/2038		765,000		847,774
American General Finance Corp.
6.90% due 12/15/2017		198,000		193,500
Capital One Bank
4.875% due 05/15/2008		430,000		429,351
Capital One Financial Corp.
6.75% due 09/15/2017		170,000		161,257
Citigroup, Inc.
3.625% due 02/09/2009		460,000		458,797
6.875% due 03/05/2038		1,020,000		1,017,922
General Electric Capital Corp., MTN
5.25% due 10/19/2012		425,000		441,626
General Electric Capital Corp., Series A, MTN
3.75% due 12/15/2009		614,000		621,081
6.00% due 06/15/2012		277,000		295,337
General Electric Capital Corp., Series G, MTN
6.15% due 08/07/2037		251,000		250,636
Goldman Sachs Capital II
5.793% due 12/29/2049 (b)		870,000		579,507
Goldman Sachs Group, Inc.
5.95% due 01/18/2018		150,000		148,538
6.345% due 02/15/2034		290,000		251,110
6.75% due 10/01/2037		650,000		604,716
International Lease Finance Corp., MTN
3.3125% due 05/24/2010 (b)		290,000		274,502
5.65% due 06/01/2014		255,000		244,873
5.75% due 06/15/2011		515,000		518,188
JP Morgan Chase & Company
6.00% due 01/15/2018		260,000		271,134
JP Morgan Chase Bank NA, BKNT
6.00% due 10/01/2017		485,000		505,478
Lazard Group
6.85% due 06/15/2017		675,000		632,087
Lazard Group, LLC
7.125% due 05/15/2015		890,000		865,676
Lehman Brothers Holdings, Inc., MTN
5.625% due 01/24/2013		1,080,000		1,050,154
6.75% due 12/28/2017		505,000		485,464
Merrill Lynch & Company, Inc.
5.45% due 02/05/2013		335,000		329,593
Morgan Stanley
5.30% due 03/01/2013		405,000		403,639
5.375% due 10/15/2015		185,000		175,552
Morgan Stanley, MTN
5.95% due 12/28/2017		660,000		637,862
6.625% due 04/01/2018		1,060,000		1,060,373
				14,831,334
Food & Beverages - 0.81%
Kraft Foods, Inc.
6.125% due 02/01/2018		1,030,000		1,029,348
Kroger Company
5.00% due 04/15/2013		350,000		351,944
McDonald's Corp., MTN
5.35% due 03/01/2018		690,000		698,432

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Food & Beverages (continued)
McDonald's Corp., MTN (continued)
6.30% due 03/01/2038	$	255,000	$	260,164
				2,339,888
Gas & Pipeline Utilities - 0.05%
El Paso Natural Gas Company
5.95% due 04/15/2017		160,000		156,936
Healthcare Products - 0.06%
Bristol-Myers Squibb Company
5.875% due 11/15/2036		185,000		178,899
Healthcare Services - 0.50%
Aetna, Inc.
6.75% due 12/15/2037		325,000		309,738
Coventry Health Care, Inc.
5.95% due 03/15/2017		500,000		472,470
UnitedHealth Group, Inc.
6.875% due 02/15/2038		340,000		324,854
WellPoint, Inc.
5.875% due 06/15/2017		335,000		327,875
				1,434,937
Hotels & Restaurants - 0.14%
Yum! Brands, Inc.
6.875% due 11/15/2037		420,000		401,831
Industrial Machinery - 0.06%
Weatherford International, Ltd.
7.00% due 03/15/2038		170,000		172,575
Insurance - 0.48%
ACE INA Holdings, Inc.
5.70% due 02/15/2017		215,000		214,057
6.70% due 05/15/2036		95,000		92,074
American International Group, Inc.
4.70% due 10/01/2010		100,000		100,323
Hartford Financial Services Group, Inc.
6.30% due 03/15/2018		520,000		520,987
Liberty Mutual Group, Inc.
7.50% due 08/15/2036 (g)		416,000		394,081
Prudential Financial, Inc., MTN
5.70% due 12/14/2036		90,000		76,670
				1,398,192
International Oil - 0.19%
Husky Energy, Inc.
6.80% due 09/15/2037		165,000		167,677
Pemex Project Funding Master Trust
6.625% due 06/15/2035		170,000		175,929
6.625% due 06/15/2035 (g)		205,000		212,150
				555,756
Liquor - 0.24%
Diageo Capital PLC
5.20% due 01/30/2013		505,000		522,446
5.75% due 10/23/2017		165,000		168,983
				691,429
Manufacturing - 0.20%
Tyco International Group SA
6.375% due 10/15/2011		461,000		459,381

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

52

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Manufacturing (continued)
Tyco International Group SA (continued)
6.875% due 01/15/2029	$	133,000	$	130,036
				589,417
Pharmaceuticals - 0.38%
Abbott Laboratories
5.60% due 11/30/2017		255,000		266,781
AstraZeneca PLC
5.40% due 09/15/2012		430,000		453,627
Schering-Plough Corp.
6.55% due 09/15/2037		380,000		365,955
				1,086,363
Pipelines - 0.17%
Kinder Morgan Energy Partners LP
5.95% due 02/15/2018		493,000		488,248
Real Estate - 0.48%
Developers Diversified Realty Corp., REIT
5.375% due 10/15/2012		89,000		83,115
Health Care Property Investors, Inc., REIT
5.65% due 12/15/2013		590,000		526,319
ProLogis, REIT
5.25% due 11/15/2010		115,000		116,097
5.50% due 04/01/2012		335,000		335,825
Westfield Group
5.40% due 10/01/2012 (g)		324,000		315,224
				1,376,580
Retail Trade - 0.61%
Delhaize Group
6.50% due 06/15/2017		305,000		314,975
Nordstrom, Inc.
7.00% due 01/15/2038		650,000		643,379
Target Corp.
7.00% due 01/15/2038		330,000		339,193
Wal-Mart Stores, Inc.
6.50% due 08/15/2037		432,000		453,606
				1,751,153
Telecommunications Equipment &
Services - 0.68%
Corning, Inc.
7.25% due 08/15/2036		150,000		161,805
Deutsche Telekom International Finance BV
8.25% due 06/15/2030		170,000		203,930
France Telecom SA
7.75% due 03/01/2011		510,000		553,014
SBC Communications, Inc.
5.10% due 09/15/2014		1,045,000		1,038,176
				1,956,925
Telephone - 0.97%
British Telecommunications PLC
5.95% due 01/15/2018		597,000		578,461
Qwest Corp.
7.50% due 10/01/2014		700,000		682,500
Telefonica Emisiones SAU
5.984% due 06/20/2011		740,000		762,014
Verizon Communications, Inc.
5.50% due 02/15/2018		510,000		496,722

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone (continued)
Verizon Communications, Inc. (continued)
6.40% due 02/15/2038	$	300,000	$	292,072
				2,811,769
Transportation - 0.12%
Burlington Northern Santa Fe Corp.
5.75% due 03/15/2018		360,000		361,067
Utility Service - 0.16%
Pacificorp
6.25% due 10/15/2037		455,000		459,720
TOTAL CORPORATE BONDS (Cost $61,618,889)			$	61,171,833
COLLATERALIZED MORTGAGE
OBLIGATIONS - 22.83%
American Tower Trust, Series 2007-1A, Class AFX
5.4197% due 04/15/2037 (g)		485,000		472,780
Banc of America Commercial Mortgage, Inc.,
Series 2000-1, Class A2A
7.333% due 11/15/2031 (b)		530,000		541,855
Banc of America Commercial Mortgage, Inc.,
Series 2002-PB2, Class B
6.309% due 06/11/2035		136,000		141,593
Banc of America Commercial Mortgage, Inc.,
Series 2003-1, Class A2
4.648% due 09/11/2036		316,000		307,757
Banc of America Commercial Mortgage, Inc.,
Series 2004-1, Class A4
4.76% due 11/10/2039		858,000		839,516
Banc of America Commercial Mortgage, Inc.,
Series 2004-2, Class A5
4.58% due 02/10/2014		77,000		74,687
Banc of America Commercial Mortgage, Inc.,
Series 2005-6, Class A4
5.181% due 09/10/2047 (b)		389,000		387,012
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2000-WF1, Class A2
7.78% due 02/15/2032 (b)		1,140,000		1,178,955
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-ESA, Class C
4.937% due 05/14/2016 (g)		868,000		892,624
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR6, Class A6
4.825% due 11/11/2041		87,000		85,656
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-T18, Class A4
4.933% due 02/13/2042 (b)		316,000		309,347
Commercial Mortgage Pass Through Certificates,
Series 2001-J2A, Class A2
6.096% due 07/16/2034		916,000		929,455
Commercial Mortgage Pass Through Certificates,
Series 2005-LP5, Class A4
4.982% due 05/10/2043 (b)		457,000		449,947
Countrywide Alternative Loan Trust,
Series 2006-OC6, Class 2A1
2.6688% due 07/25/2036 (b)		488,739		452,736
CS First Boston Mortgage Securities Corp.,
Series 2001-CF2, Class A4
6.505% due 02/15/2034		336,000		346,577

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

53

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
CS First Boston Mortgage Securities Corp.,
Series 2001-CK1, Class A3
6.38% due 12/18/2035	$	204,220	$	209,706
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		386,191		388,437
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		368,000		380,673
CS First Boston Mortgage Securities Corp.,
Series 2002-CKS4, Class A2
5.183% due 11/15/2036		1,264,000		1,262,403
CS First Boston Mortgage Securities Corp.,
Series 2003-C4, Class A4
5.137% due 08/15/2036 (b)		208,000		205,419
CS First Boston Mortgage Securities Corp.,
Series 2003-C5, Class A4
4.90% due 12/15/2036 (b)		680,000		667,122
CS First Boston Mortgage Securities Corp.,
Series 2003-CK2, Class A4
4.801% due 03/15/2036		179,000		174,903
CS First Boston Mortgage Securities Corp.,
Series 2004-C2, Class A2
5.416% due 05/15/2036 (b)		290,000		293,478
CS First Boston Mortgage Securities Corp.,
Series 2005-C1, Class AAB
4.815% due 02/15/2038		158,000		152,466
DLJ Commercial Mortgage Corp.,
Series 1999-CG3, Class A1B
7.34% due 10/10/2032		446,718		457,985
DLJ Commercial Mortgage Corp.,
Series 2000-CKP1, Class A1B
7.18% due 11/10/2033		390,216		404,324
DLJ Commercial Mortgage Corp.,
Series 1999-CG2,Class A1B
7.30% due 06/10/2032		321,521		327,559
Federal Home Loan Bank,
Series 2007-2014, Class 1
5.34% due 03/20/2014		894,640		914,929
Federal Home Loan Mortgage Corp.
REMICS, Series 2006-3098, Class PB
5.00% due 07/15/2025		385,037		391,393
Federal Home Loan Mortgage Corp.,
Series 2002-2542, Class ES
5.00% due 12/15/2017		688,000		710,185
Federal Home Loan Mortgage Corp.,
Series 2003-2558, Class BD
5.00% due 01/15/2018		523,000		532,449
Federal Home Loan Mortgage Corp.,
Series 2003-2583, Class TD
4.50% due 12/15/2013		634,768		646,331
Federal Home Loan Mortgage Corp.,
Series 2003-2590, Class NU
5.00% due 06/15/2017		385,000		399,603
Federal Home Loan Mortgage Corp.,
Series 2003-2603, Class KT
4.75% due 07/15/2014		655,399		676,607
Federal Home Loan Mortgage Corp.,
Series 2003-2623, Class AJ
4.50% due 07/15/2016		331,000		336,257

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.,
Series 2003-2631, Class MT
3.50% due 01/15/2022	$	41,784	$	41,735
Federal Home Loan Mortgage Corp.,
Series 2003-2632, Class NE
4.00% due 06/15/2013		924,904		930,116
Federal Home Loan Mortgage Corp.,
Series 2003-2645, Class MK
3.50% due 07/15/2022		19,481		19,467
Federal Home Loan Mortgage Corp.,
Series 2003-2672, Class HA
4.00% due 09/15/2016		244,074		245,713
Federal Home Loan Mortgage Corp.,
Series 2003-2694, Class QG
4.50% due 01/15/2029		722,000		728,083
Federal Home Loan Mortgage Corp.,
Series 2003-2725, Class PC
4.50% due 05/15/2028		220,000		222,851
Federal Home Loan Mortgage Corp.,
Series 2004-2780, Class TB
3.00% due 12/15/2024		136,078		135,569
Federal Home Loan Mortgage Corp.,
Series 2004-2790, Class TN
4.00% due 05/15/2024		414,000		388,723
Federal Home Loan Mortgage Corp.,
Series 2004-2841, Class BD
4.00% due 04/15/2018		19,663		19,778
Federal Home Loan Mortgage Corp.,
Series 2005-2975, Class EA
5.00% due 05/15/2018		237,316		243,042
Federal Home Loan Mortgage Corp.,
Series 2005-3017, Class TA
4.50% due 08/15/2035		436,318		438,424
Federal Home Loan Mortgage Corp.,
Series 2005-3020, Class MA
5.50% due 04/15/2027		907,662		927,360
Federal Home Loan Mortgage Corp.,
Series 2005-3034, Class EH
5.50% due 12/15/2034		661,315		684,549
Federal Home Loan Mortgage Corp.,
Series 2005-3035, Class PA
5.50% due 09/15/2035		346,500		359,771
Federal Home Loan Mortgage Corp.,
Series 2005-3062, Class LC
5.50% due 11/15/2028		371,000		381,647
Federal Home Loan Mortgage Corp.,
Series 2005-3075, Class PA
5.50% due 07/15/2025		222,111		226,106
Federal Home Loan Mortgage Corp.,
Series 2005-3078, Class PA
5.50% due 07/15/2024		292,024		297,186
Federal Home Loan Mortgage Corp.,
Series 2006-3104, Class QC
5.00% due 09/15/2031		597,000		598,303
Federal Home Loan Mortgage Corp.,
Series 2006-3117, Class PC
5.00% due 06/15/2031		645,000		658,161
Federal Home Loan Mortgage Corp.,
Series 2006-3164, Class NC
6.00% due 12/15/2032		160,000		166,170

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

54

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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 2006-3184, Class PA
5.50% due 02/15/2027	$	47,545	$	48,815
Federal Home Loan Mortgage Corp.,
Series 2006-3205, Class PC
6.00% due 09/15/2032		659,000		688,742
Federal Home Loan Mortgage Corp.,
Series 2007-3268, Class HC
5.00% due 12/15/2032		273,000		276,769
Federal Home Loan Mortgage Corp.,
Series 2007-3279, Class PA
5.50% due 02/15/2023		420,274		430,053
Federal Home Loan Mortgage Corp.,
Series 2007-3288, Class PA
5.50% due 05/15/2029		859,926		885,158
Federal Home Loan Mortgage Corp.,
Series 2007-3289, Class PB
5.00% due 11/15/2029		412,000		417,005
Federal Home Loan Mortgage Corp.,
Series 2007-3298, Class VB
5.00% due 11/15/2025		303,000		287,738
Federal Home Loan Mortgage Corp.,
Series 2007-3312, Class AP
5.50% due 11/15/2025		331,549		339,143
Federal Home Loan Mortgage Corp.,
Series 2007-3316, Class HA
5.00% due 07/15/2035		981,548		992,926
Federal Home Loan Mortgage Corp.,
Series 2007-3316, Class PB
5.50% due 03/15/2031		183,000		188,250
Federal Home Loan Mortgage Corp.,
Series 2007-3325, Class JL
5.50% due 06/15/2037		1,689,789		1,744,583
Federal Home Loan Mortgage Corp.,
Series 2007-3347, Class PA
5.00% due 06/15/2028		579,328		592,644
Federal Home Loan Mortgage Corp.,
Series 2007-3351, Class PK
5.50% due 01/15/2032		1,346,000		1,382,366
Federal Home Loan Mortgage Corp.,
Series 2007-3372, Class BD
4.50% due 10/15/2022		351,000		340,685
Federal National Mortgage Association, Series
2003-92, Class NM
3.50% due 04/25/2013		501		500
Federal National Mortgage Association,
Series 2003-108, Class BE
4.00% due 11/25/2018		362,000		353,148
Federal National Mortgage Association,
Series 2003-113, Class PN
3.50% due 02/25/2013		553,646		553,311
Federal National Mortgage Association,
Series 2003-123, Class AB
4.00% due 10/25/2016		563,228		566,539
Federal National Mortgage Association,
Series 2003-15, Class CH
4.00% due 02/25/2017		173,705		174,528
Federal National Mortgage Association,
Series 2003-16, Class PN
4.50% due 10/25/2015		237,709		239,713

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal National Mortgage Association,
Series 2003-3, Class HJ
5.00% due 02/25/2018	$	338,000	$	347,357
Federal National Mortgage Association,
Series 2003-30, Class ET
3.50% due 08/25/2016		395,135		393,810
Federal National Mortgage Association,
Series 2003-33, Class CH
4.00% due 07/25/2017		424,298		426,320
Federal National Mortgage Association,
Series 2003-34, Class QJ
4.50% due 01/25/2016		388,350		392,353
Federal National Mortgage Association,
Series 2003-92, Class PC
4.50% due 05/25/2015		600,000		607,071
Federal National Mortgage Association,
Series 2004-34, Class PL
3.50% due 05/25/2014		234,137		234,026
Federal National Mortgage Association,
Series 2004-4, Class CA
4.00% due 09/25/2017		349,345		351,016
Federal National Mortgage Association,
Series 2004-6, Class CA
4.00% due 06/25/2017		317,883		319,403
Federal National Mortgage Association,
Series 2004-60, Class PA
5.50% due 04/25/2034		288,454		295,670
Federal National Mortgage Association,
Series 2004-81, Class AG
4.00% due 03/25/2018		440,486		442,576
Federal National Mortgage Association,
Series 2005-38, Class CD
5.00% due 06/25/2019		281,372		289,296
Federal National Mortgage Association,
Series 2005-45, Class BA
4.50% due 11/25/2014		17,658		17,662
Federal National Mortgage Association,
Series 2005-58, Class MA
5.50% due 07/25/2035		255,571		265,431
Federal National Mortgage Association,
Series 2006-18, Class PA
5.50% due 01/25/2026		331,335		338,260
Federal National Mortgage Association,
Series 2006-31, Class PA
5.50% due 11/25/2026		352,397		360,364
Federal National Mortgage Association,
Series 2006-41, Class MA
5.50% due 04/25/2024		361,124		366,590
Federal National Mortgage Association,
Series 2006-53, Class PA
5.50% due 12/25/2026		115,541		118,214
Federal National Mortgage Association,
Series 2006-64, Class PA
5.50% due 02/25/2030		234,114		239,951
Federal National Mortgage Association,
Series 2007-113, Class DB
4.50% due 12/25/2022		415,000		401,709
Federal National Mortgage Association,
Series 2007-27, Class KA
5.75% due 09/25/2033		253,893		261,286

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

55

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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 2007-30, Class MA
4.25% due 02/25/2037	$	620,309	$	620,146
Federal National Mortgage Association,
Series 2007-3326, Class PC
5.50% due 08/15/2032		304,000		311,624
Federal National Mortgage Association,
Series 2007-39, Class NA
4.25% due 01/25/2037		1,201,233		1,202,365
Federal National Mortgage Association,
Series 2007-62, Class PA
6.00% due 03/25/2029		29		30
First Union National Bank Commercial Mortgage,
Series 2000-C2, Class A2
7.202% due 10/15/2032		272,012		283,726
First Union National Bank Commercial Mortgage,
Series 1999-C4, Class A2
7.39% due 12/15/2031		41,055		42,208
First Union National Bank Commercial Mortgage,
Series 2001-C4, Class B
6.417% due 12/12/2033		177,000		183,024
GE Capital Commercial Mortgage Corp.,
Series 2001-2, Class A3
6.03% due 08/11/2033		188,019		190,155
GE Capital Commercial Mortgage Corp.,
Series 2004-C1, Class A3
4.596% due 11/10/2038		599,000		581,260
General Motors Acceptance Corp. Commercial
Mortgage Securities, Inc.,
Series 2004-C1, Class A1
3.118% due 03/10/2038		101,381		100,303
GMAC Commercial Mortgage Securities, Inc.,
Series 2000-C1, Class A2
7.724% due 03/15/2033 (b)		1,469,088		1,519,346
GMAC Commercial Mortgage Securities, Inc.,
Series 2000-C2, Class A2
7.455% due 08/16/2033 (b)		1,025,997		1,064,645
GMAC Commercial Mortgage Securities, Inc.,
Series 2000-C3, Class A2
6.957% due 09/15/2035		753,000		778,939
GMAC Commercial Mortgage Securities, Inc.,
Series 2002-C3, Class A2
4.93% due 07/10/2039		528,000		521,736
GMAC Commercial Mortgage Securities, Inc.,
Series 2003-C3, Class A4
5.023% due 04/10/2040		948,000		932,869
Government National Mortgage Association,
Series 2006-3, Class A
4.212% due 01/16/2028		103,680		104,531
Government National Mortgage Association,
Series 2006-37, Class JG
5.00% due 07/20/2036		254,000		243,463
Government National Mortgage Association,
Series 2006-8, Class A
3.942% due 08/16/2025		157,601		158,074
GS Mortgage Securities Corp. II,
Series 1998-C1, Class B
6.97% due 10/18/2030		401,000		401,951
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-CB15, Class ASB
5.79% due 06/12/2043 (b)		290,000		286,014

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP7, Class ASB
5.8753% due 04/15/2045 (b)	$	273,000	$	269,002
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2001-C1, Class A3
5.857% due 10/12/2035		337,000		342,642
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2002-C2, Class A2
5.05% due 12/12/2034		751,000		745,030
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2002-CIB5, Class A2
5.161% due 10/12/2037		150,000		149,409
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2003-CB7, Class A4
4.879% due 01/12/2038 (b)		152,000		148,496
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2004-C3, Class A1
3.765% due 01/15/2042		488,989		483,412
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-CB11, Class ASB
5.201% due 08/12/2037 (b)		232,000		225,922
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP3, Class A1
4.655% due 08/15/2042		89,683		89,109
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-CB16, Class ASB
5.523% due 05/12/2045		372,000		367,183
JP Morgan Commercial Mortgage Finance Corp.,
Series 2000-C10, Class A2
7.371% due 08/15/2032 (b)		279,809		288,352
LB-UBS Commercial Mortgage Trust,
Series 2002-C2, Class A4
5.594% due 06/15/2031		647,000		657,521
LB-UBS Commercial Mortgage Trust,
Series 2003-C5, Class A2
3.478% due 07/15/2027		176,543		175,642
Morgan Stanley Capital I, Series 2003-IQ5, Class A4
5.01% due 04/15/2038		501,000		495,549
Morgan Stanley Capital I,
Series 2004-HQ3, Class A4
4.80% due 01/13/2041		340,000		333,275
Morgan Stanley Capital I,
Series 2005-HQ5, Class AAB
5.037% due 01/14/2042		481,000		466,028
Morgan Stanley Capital I,
Series 2005-HQ7, Class AAB
5.1999% due 11/14/2042 (b)		926,000		897,353
Morgan Stanley Dean Witter Capital I,
Series 2001, Class A4
6.39% due 06/15/2011		390,249		402,082
Morgan Stanley Dean Witter Capital I,
Series 2001-TOP1, Class A4
6.66% due 02/15/2033		364,177		376,270
Morgan Stanley Dean Witter Capital I,
Series 2001-TOP5, Class A4
6.39% due 10/15/2035		25,000		25,803
Morgan Stanley Dean Witter Capital I,
Series 2002-IQ2, Class A3
5.52% due 12/15/2035		200,402		201,886

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

56

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Morgan Stanley Mortgage Loan Trust,
Series 2007-6XS, Class 2A1S
2.7088% due 02/25/2047 (b)	$	158,946	$	146,172
Salomon Brothers Mortgage Securities VII, Series
2002-KEY2, Class A2
4.467% due 03/18/2036		355,750		351,911
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		137,000		140,223
Wachovia Bank Commercial Mortgage Trust,
Series 2002-C1, Class A4
6.287% due 04/15/2034		337,000		349,967
Wachovia Bank Commercial Mortgage Trust,
Series 2002-C2, Class A4
4.98% due 11/15/2034		1,087,000		1,074,342
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C5, Class A2
3.989% due 06/15/2035		138,000		129,887
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C6, Class A3
4.957% due 08/15/2035		1,164,000		1,165,661
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C8, Class A3
4.445% due 11/15/2035		186,000		184,737
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C9, Class A4
5.012% due 12/15/2035		934,000		918,936
Wachovia Bank Commercial Mortgage Trust,
Series 2004-C10, Class A4
4.748% due 02/15/2041		1,088,000		1,063,812
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C19, Class A6
4.699% due 05/15/2044		278,000		268,226
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C20, Class A7
5.118% due 07/15/2042 (b)		943,000		931,841
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C21, Class A4
5.2096% due 10/15/2044 (b)		435,000		436,777
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C26, Class APB
5.997% due 06/15/2045		570,000		579,696
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $64,949,288)			$	66,035,024
ASSET BACKED SECURITIES - 7.74%
Chase Issuance Trust, Series 2008-A4, Class A4
4.65% due 03/15/2015		3,986,000		3,985,857
American Express Issuance Trust,
Series 2007-2, Class A
3.0675% due 07/15/2013		1,497,000		1,444,310
Americredit Prime Automobile Receivable,
Series 2007-1, Class A3
5.27% due 11/08/2011 (b)		538,000		547,321
Bank of America Credit Card Trust,
Series 2007-A8, Class A8
5.59% due 11/17/2014		153,000		160,497
Capital Auto Receivables Asset Trust,
Series 2007-1, Class A3A
5.00% due 04/15/2011		390,000		393,246

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Capital Auto Receivables Asset Trust,
Series 2007-4A, Class A4
5.30% due 05/15/2014	$	427,000	$	433,842
Capital One Multi-Asset Execution Trust,
Series 2007-A7, Class A7
5.75% due 07/15/2020		806,000		809,160
Citibank Credit Card Issuance Trust,
Series 2007-A8, Class A8
5.65% due 09/20/2019		719,000		719,457
Citibank Credit Card Issuance Trust,
Series 2008-A1, Class A1
5.35% due 02/07/2020		1,815,000		1,740,982
Citicorp Residential Mortgage Securities, Inc.,
Series 2006-1, Class A2
5.682% due 07/25/2036		280,000		274,121
Citicorp Residential Mortgage Securities, Inc.,
Series 2006-2, Class A2
5.557% due 09/25/2036		306,000		300,769
Citigroup Mortgage Loan Trust, Inc.,
Series 2007-AHL1, Class A2A
2.6388% due 12/25/2036 (b)		351,925		330,679
CNH Equipment Trust, Series 2004-A, Class A4A
2.9275% due 09/15/2011 (b)		251,188		251,131
Connecticut RRB Special Purpose Trust CL&P,
Series 2001-1, Class A5
6.21% due 12/30/2011		189,000		198,391
Countrywide Asset-Backed Certificates,
Series 2006-S1, Class A2
5.549% due 08/25/2021		510,782		498,231
Countrywide Asset-Backed Certificates,
Series 2007-3, Class 2A1
2.6988% due 05/25/2047 (b)		170,622		160,691
Daimler Chrysler Auto Trust,
Series 2006-D, Class A4
4.94% due 08/02/2012		302,000		308,748
Daimler Chrysler Auto Trust,
Series 2007-A, Class A4
5.28% due 03/08/2013		653,000		669,137
Discover Card Master Trust,
Series 2007-A1, Class A1
5.65% due 03/16/2020		2,036,000		2,080,590
Dominos Pizza Master Issuer LLC,
Series 2007-1, Class A2
5.261% due 04/25/2037 (g)		480,000		417,448
Ford Credit Auto Owner Trust,
Series 2007-B, Class A3A
5.15% due 11/15/2011		376,000		384,601
Ford Credit Auto Owner Trust,
Series 2007-B, Class A4A
5.24% due 07/15/2012		100,000		105,885
Great America Leasing Receivables,
Series 2006-1, Class A3
5.34% due 01/15/2010 (g)		477,181		480,795
Harley-Davidson Motorcycle Trust,
Series 2008-1, Class A3A
4.25% due 02/15/2013		424,000		424,861
Hyundai Auto Receivables Trust,
Series 2007-A, Class A3A
5.04% due 01/15/2012		158,000		160,006

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

57

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Hyundai Auto Receivables Trust,
Series 2007-A, Class A4
5.21% due 03/17/2014	$	598,000	$	604,973
M.A.S.Transactions Asset Backed Securities Trust,
Series 2005-AB1, Class A1B
5.143% due 11/25/2035 (b)		17,251		17,199
MBNA Credit Card Master Note Trust,
Series 2003-A7, Class A7
2.65% due 11/15/2010		371,000		370,732
Morgan Stanley ABS Capital I,
Series 2006-WMC1, Class A2A
2.6688% due 12/25/2035 (b)		10,614		10,554
Morgan Stanley ABS Capital I,
Series 2007-HE2, Class A2A
2.6388% due 01/25/2037 (b)		163,625		157,002
Morgan Stanley Home Equity Loans,
Series 2007-1, Class A1
2.6488% due 12/25/2036 (b)		146,103		140,138
Nissan Auto Receivables Owner Trust,
Series 2007-B, Class A4
5.16% due 03/17/2014		1,390,000		1,423,219
Ownit Mortgage Loan Asset-Backed
Certificates, Series 2006-1, Class AF1
5.424% due 12/25/2036		56,465		55,684
Residential Asset Mortgage Products, Inc.,
Series 2003-RS7, Class AI6
5.34% due 08/25/2033		174,930		176,957
SLM Student Loan Trust, Series 2005-7, Class A3
4.41% due 07/25/2025 (b)		483,000		478,170
Triad Auto Receivables Owner Trust,
Series 2006-C, Class A3
5.26% due 11/14/2011		234,249		230,877
Triad Auto Receivables Owner Trust,
Series 2006-B, Class A4
5.52% due 11/12/2012		159,000		155,703
USAA Auto Owner Trust, Series 2005-1, Class A3
3.90% due 07/15/2009		985		986
Washington Mutual Master Note
Trust, Series 2006-A2A, Class A
2.8675% due 06/15/2015 (b)(g)		580,000		537,134
WFS Financial Owner Trust,
Series 2005-3, Class A3A
4.25% due 06/17/2010		19,014		19,067
World Omni Auto Receivables Trust,
Series 2007-B, Class A3A
5.28% due 01/17/2012		298,000		303,193
World Omni Auto Receivables Trust,
Series 2007-B, Class A4
5.39% due 05/15/2013		418,000		425,063
TOTAL ASSET BACKED SECURITIES
(Cost $22,470,406)			$	22,387,407

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.94%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$5,605,249 on 04/01/2008,
collateralized by $5,670,000
Federal National Mortgage
Association, 5.57% due
06/30/2028 (valued at $5,719,613,
including interest)	$	5,605,000	$	5,605,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,605,000)			$	5,605,000
SHORT TERM INVESTMENTS - 1.47%
UBS Finance Delaware LLC
zero coupon due 04/01/2008	$	4,242,000	$	4,242,000
TOTAL SHORT TERM INVESTMENTS
(Cost $4,242,000)			$	4,242,000
Total Investments (Core Bond Trust)
(Cost $338,088,946) - 117.98%			$	341,228,120
Liabilities in Excess of Other Assets - (17.98)%				(52,008,312)
TOTAL NET ASSETS - 100.00%			$	289,219,808
Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
FEDERAL NATIONAL MORTGAGE
ASSOCIATION - 100.00%
Federal National Mortgage Association
5.00%, TBA **	$	10,927,000	$	10,934,110
5.50%, TBA **		8,225,000	$	8,311,468
TOTAL FEDERAL NATIONAL MORTGAGE
ASSOCIATION (Proceeds $19,258,664)			$	19,245,578
Total Securities Sold Short (Core Bond Trust)
(Proceeds $19,258,664)			$	19,245,578
Core Equity Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.44%
Banking - 0.97%
Wachovia Corp.		224,000	$	6,048,000
Biotechnology - 1.72%
Amgen, Inc. *		256,842		10,730,859
Cable & Television - 2.68%
Time Warner, Inc.		1,188,200		16,658,564
Computers & Business Equipment - 8.08%
Cisco Systems, Inc. *		569,500		13,719,255
Hewlett-Packard Company		425,600		19,432,896
International Business Machines Corp.		148,700		17,121,318
				50,273,469

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

58

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities - 6.34%
AES Corp. *	2,364,700	$	39,419,549
Financial Services - 17.88%
Capital One Financial Corp.	253,500		12,477,270
Citigroup, Inc.	893,450		19,137,699
Countrywide Financial Corp.	1,463,600		8,049,800
Federal Home Loan Mortgage Corp.	855,300		21,656,196
Goldman Sachs Group, Inc.	25,000		4,134,750
JP Morgan Chase & Company	728,500		31,289,075
Merrill Lynch & Company, Inc.	282,100		11,492,754
Visa, Inc. *	48,400		3,018,224
			111,255,768
Healthcare Services - 4.24%
UnitedHealth Group, Inc.	768,600		26,409,096
Holdings Companies/Conglomerates - 3.96%
General Electric Company	665,100		24,615,351
Homebuilders - 2.53%
Beazer Homes USA, Inc.	71,900		679,455
Centex Corp.	246,890		5,977,207
Pulte Homes, Inc.	428,100		6,228,855
Ryland Group, Inc.	86,475		2,844,163
			15,729,680
Insurance - 7.92%
Aetna, Inc.	692,100		29,130,489
American International Group, Inc.	465,500		20,132,875
			49,263,364
Internet Content - 7.92%
Google, Inc., Class A *	43,400		19,116,398
Yahoo!, Inc. *	1,041,800		30,139,274
			49,255,672
Internet Retail - 11.14%
Amazon.com, Inc. *	483,700		34,487,810
eBay, Inc. *	866,800		25,865,312
Expedia, Inc. *	408,716		8,946,793
			69,299,915
Leisure Time - 2.18%
Electronic Arts, Inc. *	271,700		13,563,264
Photography - 2.98%
Eastman Kodak Company	1,047,800		18,514,626
Retail Trade - 5.57%
J.C. Penney Company, Inc.	262,500		9,898,875
Sears Holdings Corp. *	242,500		24,756,825
			34,655,700
Semiconductors - 1.83%
Texas Instruments, Inc.	403,600		11,409,772
Software - 1.87%
CA, Inc.	515,825		11,606,062
Steel - 0.54%
Nucor Corp.	49,200		3,332,808
Telephone - 4.09%
Qwest Communications International, Inc.	3,696,800		16,746,504

Core Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telephone (continued)
Sprint Nextel Corp.		1,298,700	$	8,688,303
				25,434,807
TOTAL COMMON STOCKS (Cost $695,698,633)			$	587,476,326
REPURCHASE AGREEMENTS - 5.88%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$36,606,627 on 04/01/2008,
collateralized by $37,045,000
Federal National Mortgage
Association, 5.225% due
01/27/2023 (valued at
$37,339,137, including interest)	$	36,605,000	$	36,605,000
TOTAL REPURCHASE AGREEMENTS
(Cost $36,605,000)			$	36,605,000
Total Investments (Core Equity Trust)
(Cost $732,303,633) - 100.32%			$	624,081,326
Liabilities in Excess of Other Assets - (0.32)%				(2,005,987)
TOTAL NET ASSETS - 100.00%			$	622,075,339
Dynamic Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.01%
Advertising - 1.48%
Focus Media Holding, Ltd., ADR * (a)		41,800	$	1,469,270
Aerospace - 1.43%
Teledyne Technologies, Inc. *		30,100		1,414,700
Agriculture - 1.12%
Bunge, Ltd. (a)		12,800		1,112,064
Apparel & Textiles - 0.55%
Liz Claiborne, Inc.		30,200		548,130
Auto Parts - 0.86%
LKQ Corp. *		37,900		851,613
Automobiles - 1.08%
PACCAR, Inc.		23,800		1,071,000
Banking - 1.56%
Huntington BancShares, Inc.		32,600		350,450
Julius Baer Holding AG		16,200		1,195,796
				1,546,246
Biotechnology - 3.26%
Cephalon, Inc. *		24,600		1,584,240
Charles River Laboratories International, Inc. *		27,900		1,644,426
				3,228,666
Business Services - 3.66%
DST Systems, Inc. *		13,100		861,194
Global Payments, Inc.		14,800		612,128
Iron Mountain, Inc. *		24,500		647,780
Net 1 UEPS Technologies, Inc. *		44,600		1,005,730

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

59

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Dynamic Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Sotheby's	17,500	$	505,925
			3,632,757
Chemicals - 2.73%
FMC Corp.	18,100		1,004,369
Kingboard Chemical Holdings, Ltd.	232,500		828,500
Terra Industries, Inc. *	24,700		877,591
			2,710,460
Coal - 3.40%
Arch Coal, Inc.	38,600		1,679,100
CONSOL Energy, Inc.	24,500		1,695,155
			3,374,255
Computer Services - 1.16%
NetApp, Inc. *	57,200		1,146,860
Containers & Glass - 3.46%
Owens-Illinois, Inc. *	18,690		1,054,677
Rexam PLC	135,927		1,151,117
Sealed Air Corp.	48,400		1,222,100
			3,427,894
Crude Petroleum & Natural Gas - 6.01%
Chesapeake Energy Corp.	44,000		2,030,600
EOG Resources, Inc.	12,900		1,548,000
Forest Oil Corp. *	22,200		1,086,912
Ultra Petroleum Corp. *	16,700		1,294,250
			5,959,762
Drugs & Health Care - 1.48%
Shionogi & Company, Ltd.	72,000		1,238,239
Zymogenetics, Inc. * (a)	23,300		228,340
			1,466,579
Educational Services - 1.03%
Apollo Group, Inc., Class A *	23,700		1,023,840
Electrical Equipment - 1.85%
FLIR Systems, Inc. *	60,900		1,832,481
Electronics - 0.95%
Safran SA	46,092		945,578
Energy - 1.29%
Covanta Holding Corp. *	46,400		1,276,000
Financial Services - 5.50%
Interactive Data Corp.	46,100		1,312,467
Invesco, Ltd.	51,600		1,256,976
MF Global, Ltd. *	56,900		563,879
Washington Mutual, Inc.	41,600		428,480
Western Union Company	88,970		1,892,392
			5,454,194
Food & Beverages - 0.93%
Hansen Natural Corp. *	26,100		921,330
Healthcare Products - 5.54%
Hologic, Inc. *	17,500		973,000
Mindray Medical International, Ltd., ADR	33,300		963,702
St. Jude Medical, Inc. *	36,000		1,554,840
The Medicines Company *	20,900		422,180

Dynamic Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Zimmer Holdings, Inc. *	20,300	$	1,580,558
			5,494,280
Healthcare Services - 2.70%
Coventry Health Care, Inc. *	25,300		1,020,855
McKesson Corp.	31,700		1,660,129
			2,680,984
Household Products - 1.97%
Jarden Corp. *	73,000		1,587,020
Newell Rubbermaid, Inc.	16,000		365,920
			1,952,940
Industrial Machinery - 4.00%
Cummins, Inc.	32,900		1,540,378
Flowserve Corp.	9,300		970,734
Pall Corp.	41,500		1,455,405
			3,966,517
Internet Service Provider - 1.14%
Equinix, Inc. *	17,000		1,130,330
Internet Software - 3.22%
McAfee, Inc. *	49,200		1,628,028
VeriSign, Inc. *	47,000		1,562,280
			3,190,308
Leisure Time - 1.16%
DreamWorks Animation SKG, Inc., Class A *	44,700		1,152,366
Life Sciences - 1.12%
Pharmaceutical Product Development, Inc.	26,500		1,110,350
Manufacturing - 2.74%
Mine Safety Appliances Company (a)	32,300		1,330,437
Snap-on, Inc.	27,300		1,388,205
			2,718,642
Metal & Metal Products - 1.38%
Cameco Corp. (a)	41,500		1,367,010
Mining - 2.07%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	10,160		977,595
Kinross Gold Corp. (a)	48,600		1,074,546
			2,052,141
Pharmaceuticals - 4.42%
Alkermes, Inc. *	2,800		33,264
Amylin Pharmaceuticals, Inc. *	33,000		963,930
Auxilium Pharmaceuticals, Inc. *	19,100		510,734
Barr Pharmaceuticals, Inc. *	27,120		1,310,167
Elan Corp. PLC, SADR *	48,500		1,011,710
Regeneron Pharmaceuticals, Inc. *	28,900		554,591
			4,384,396
Railroads & Equipment - 0.77%
Kansas City Southern *	19,000		762,090
Retail Grocery - 0.74%
SUPERVALU, Inc.	24,400		731,512
Retail Trade - 4.63%
Advance Auto Parts, Inc.	30,300		1,031,715
Dick's Sporting Goods, Inc. *	26,400		706,992

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

60

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Dynamic Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Kohl's Corp. *		25,100	$	1,076,539
Staples, Inc.		22,400		495,264
The Gap, Inc.		65,100		1,281,168
				4,591,678
Semiconductors - 2.04%
Lam Research Corp. *		26,500		1,012,830
Marvell Technology Group, Ltd. *		93,100		1,012,928
				2,025,758
Software - 4.57%
BMC Software, Inc. *		39,400		1,281,288
Citrix Systems, Inc. *		17,100		501,543
Nuance Communications, Inc. *		81,100		1,411,951
UbiSoft Entertainment SA *		15,462		1,331,879
				4,526,661
Steel - 2.72%
Steel Dynamics, Inc.		31,400		1,037,456
United States Steel Corp.		13,100		1,661,997
				2,699,453
Telecommunications Equipment &
Services - 0.93%
NICE Systems, Ltd., ADR *		32,800		925,616
Toys, Amusements & Sporting Goods - 1.43%
Marvel Entertainment, Inc. *		52,900		1,417,191
Transportation - 1.93%
C.H. Robinson Worldwide, Inc.		19,900		1,082,560
Con-way, Inc.		16,700		826,316
				1,908,876
TOTAL COMMON STOCKS (Cost $103,124,723)			$	95,202,778
SHORT TERM INVESTMENTS - 7.15%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	7,095,066	$	7,095,066
TOTAL SHORT TERM INVESTMENTS
(Cost $7,095,066)			$	7,095,066
REPURCHASE AGREEMENTS - 3.25%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$3,219,143 on 04/01/2008,
collateralized by $3,040,000
Federal Farm Credit Bank, 5.21%
due 12/19/2022 (valued at
$3,285,997, including interest)	$	3,219,000	$	3,219,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,219,000)			$	3,219,000
Total Investments (Dynamic Growth Trust)
(Cost $113,438,789) - 106.41%			$	105,516,844
Liabilities in Excess of Other Assets - (6.41)%				(6,354,985)
TOTAL NET ASSETS - 100.00%			$	99,161,859

Emerging Growth Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.94%
Aerospace - 2.64%
AAR Corp. *	6,500	$	177,255
Aerovironment, Inc. *	13,910		284,459
			461,714
Banking - 2.66%
IBERIABANK Corp.	4,912		217,356
PrivateBancorp, Inc. (a)	7,860		247,354
			464,710
Biotechnology - 2.51%
Exelixis, Inc. *	26,885		186,851
Martek Biosciences Corp. *	5,537		169,266
Sequenom, Inc., ADR *	12,876		83,308
			439,425
Broadcasting - 0.93%
Acacia Research - Acacia Technologies *	28,358		163,058
Business Services - 10.55%
Barrett Business Services, Inc.	20,320		348,082
Constant Contact, Inc. * (a)	13,854		200,606
Euronet Worldwide, Inc. * (a)	13,216		254,540
FTI Consulting, Inc. *	7,437		528,325
Hill International, Inc. *	25,098		313,976
Seachange International, Inc. *	7,414		52,120
Tyler Technologies, Inc. *	10,446		146,035
			1,843,684
Commercial Services - 3.60%
Providence Service Corp. *	10,569		317,070
Stantec, Inc. *	10,701		313,004
			630,074
Computers & Business Equipment - 2.26%
Lasercard Corp. * (a)	25,813		218,636
Synaptics, Inc. *	7,369		175,972
			394,608
Drugs & Health Care - 1.61%
Matrixx Initiatives, Inc. *	19,248		281,791
Electronics - 2.98%
Measurement Specialties, Inc. *	6,695		116,962
Medis Technologies, Ltd. * (a)	44,650		404,975
			521,937
Energy - 2.35%
InterOil Corp. * (a)	24,968		411,223
Financial Services - 2.52%
FCStone Group, Inc. *	6,849		189,717
Portfolio Recovery Associates, Inc. * (a)	5,850		250,907
			440,624
Food & Beverages - 1.03%
Smart Balance, Inc. *	22,722		179,504
Healthcare Products - 11.30%
Align Technology, Inc. *	17,200		191,092
Caliper Life Sciences, Inc. * (a)	31,190		116,963
Micrus Endovascular Corp. *	7,243		89,523
Nuvasive, Inc. *	9,807		338,440
ResMed, Inc. *	8,753		369,202

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

61

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
RTI Biologics, Inc. *	6,886	$	65,073
SenoRx, Inc. *	15,220		98,169
Somanetics Corp. *	15,669		243,966
SonoSite, Inc. * (a)	9,959		283,134
Spectranetics Corp. *	21,528		179,974
			1,975,536
Healthcare Services - 1.38%
Healthextras, Inc. *	9,691		240,724
Hotels & Restaurants - 2.19%
McCormick & Schmick's Seafood
Restaurants, Inc. *	13,978		162,844
Texas Roadhouse, Inc., Class A *	22,374		219,265
			382,109
Industrial Machinery - 1.65%
Flow International Corp. *	30,993		287,925
Insurance - 2.89%
Infinity Property & Casualty Corp.	6,367		264,867
ProAssurance Corp. *	4,465		240,351
			505,218
International Oil - 1.63%
ATP Oil & Gas Corp. *	8,708		284,926
Internet Content - 1.05%
TechTarget, Inc. *	12,918		183,048
Leisure Time - 5.68%
Bally Technologies, Inc. *	6,619		227,296
Imax Corp. *	77,650		541,220
Pinnacle Entertainment, Inc. *	8,797		112,602
Progressive Gaming International Corp. *	52,400		111,088
			992,206
Life Sciences - 0.13%
Sequenom, Inc. *	3,626		23,569
Manufacturing - 3.68%
Force Protection, Inc. *	59,218		119,028
iRobot Corp. * (a)	24,026		411,085
Raven Industries, Inc. (a)	3,753		113,716
			643,829
Medical-Hospitals - 1.08%
Electro-Optical Sciences, Inc. *	31,823		189,029
Metal & Metal Products - 2.17%
Fushi Copperweld, Inc. *	8,945		134,533
Haynes International, Inc. *	4,465		245,039
			379,572
Petroleum Services - 2.88%
Superior Energy Services, Inc. *	10,584		419,338
TETRA Technologies, Inc. *	5,317		84,221
			503,559
Pharmaceuticals - 4.31%
AMAG Pharmaceuticals, Inc. *	5,671		229,279
BioForm Medical, Inc. *	27,280		125,488
Inspire Pharmaceuticals, Inc. *	35,817		137,895

Emerging Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Medicis Pharmaceutical Corp., Class A		13,283	$	261,542
				754,204
Publishing - 1.52%
VistaPrint, Ltd. * (a)		7,583		265,026
Retail Trade - 1.73%
A.C. Moore Arts & Crafts, Inc. *		14,782		100,813
Hibbett Sports, Inc. * (a)		13,085		202,033
				302,846
Semiconductors - 6.39%
Cymer, Inc. *		6,857		178,556
FormFactor, Inc. *		15,142		289,212
Mattson Technology, Inc. *		37,933		231,012
Netlogic Microsystems, Inc. * (a)		10,673		257,646
Tessera Technologies, Inc. *		7,718		160,535
				1,116,961
Software - 7.77%
Allscripts Healthcare Solution, Inc. * (a)		19,159		197,721
Ansoft Corp. *		5,799		176,986
Concur Technologies, Inc. *		8,440		262,062
DivX, Inc. *		12,640		88,480
FARO Technologies, Inc. *		9,962		310,615
Progress Software Corp. *		10,758		321,879
				1,357,743
Telecommunications Equipment &
Services - 2.02%
Comtech Telecommunications Corp. *		9,045		352,755
Trucking & Freight - 1.85%
ID Systems, Inc. * (a)		29,118		218,676
Landstar Systems, Inc.		2,000		104,320
				322,996
TOTAL COMMON STOCKS (Cost $21,587,061)			$	17,296,133
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
OPTIONS - 0.19%
Call Options - 0.19%
Tessera Technologies, Inc.
Expiration 04/19/2008 at $15.00		5,600		34,160
TOTAL OPTIONS (Cost $21,342)			$	34,160
SHORT TERM INVESTMENTS - 24.29%
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008	$	238,000	$	238,000

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

62

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	4,007,653	$	4,007,653
TOTAL SHORT TERM INVESTMENTS
(Cost $4,245,653)			$	4,245,653
Total Investments (Emerging Growth Trust)
(Cost $25,854,056) - 123.42%			$	21,575,946
Liabilities in Excess of Other Assets - (23.42)%				(4,094,389)
TOTAL NET ASSETS - 100.00%			$	17,481,557
Emerging Markets Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.15%
Brazil - 4.60%
Aracruz Celulose SA, SADR		30,334	$	2,070,599
Braskem SA, SADR		117,951		2,000,449
Cia Brasileira de Distribuicao Grupo Pao de
Acucar, ADR		14,600		597,724
Empresa Brasileira de Aeronautica SA, ADR		22,800		900,828
Eternit SA		30,000		118,482
Gerdau SA, SADR		263,067		8,041,958
Perdigao SA, SADR *		55,380		2,521,451
Sadia SA, SADR		116,709		2,076,253
Ultrapar Participacoes SA, ADR		7,100		244,737
Ultrapar Participacoes SA		5,380		189,175
Votorantim Celulose & Papel SA, SADR *		107,448		3,063,343
				21,824,999
Chile - 4.24%
Cementos Bio Bio SA		50,384		116,428
Companhia de Consumidores de Gas de
Santiago SA		6,505		31,999
Companhia Sudamericana de Vapores SA *		496,609		937,373
Compania de Telecomunicaciones de Chile
SA, SADR		210,360		1,788,060
Corpbanca SA, SADR		9,112		317,098
Cristalerias de Chile SA		20,728		247,792
Empresas CMPC SA		50,074		2,062,191
Empresas Copec SA		275,606		5,139,075
Empresas Iansa SA		439,146		29,640
Enersis SA, SADR		447,410		7,910,209
Industrias Forestales SA		77,846		22,798
Madeco SA, SADR		41,326		469,463
Masisa SA		3,956,640		923,359
Soquimich Comercial SA		129,645		80,087
Vina San Pedro SA *		9,266,334		72,083
				20,147,655
China - 3.44%
AviChina Industry & Technology Company,
Ltd. *		504,000		108,059
Bank of China, Ltd.		9,184,000		3,969,511
Beijing Capital International Airport Company,
Ltd., Class H		320,000		293,404
Chaoda Modern Agriculture Holdings, Ltd.		1,143,225		1,304,406
China Construction Bank		1,419,000		1,064,470

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China (continued)
China Petroleum & Chemical Corp., SADR	1,700	$	146,166
China Shipping Container Lines Company, Ltd.	1,775,150		679,354
China Travel International Investment
Hong Kong, Ltd.	1,782,000		726,626
Dongfeng Motor Group Company, Ltd.	1,666,000		754,759
Guangshen Railway Company, Ltd., SADR	16,688		438,894
Hunan Non Ferrous Metal Corp., Ltd.	1,038,000		406,160
Industrial & Commercial Bank of China, Ltd.	1,659,000		1,168,340
Maanshan Iron & Steel Company, Ltd.	1,010,000		533,814
PetroChina Company, Ltd., SADR	15,800		1,979,898
Qingling Motors Company, Ltd.	474,000		78,413
Semiconductor Manufacturing International
Corp., SADR *	59,100		207,441
Semiconductor Manufacturing
International Corp. *	5,985,000		418,463
Shanghai Electric Group Company, Ltd.	1,486,000		905,284
Sinopec Shanghai Petrochemical Company,
Ltd., SADR	8,800		307,912
Sinopec Yizheng Chemical Fibre
Company, Ltd. *	868,000		182,676
Sinotrans, Ltd., Class H	859,000		250,621
ZTE Corp., Class H	84,200		401,016
			16,325,687
Czech Republic - 1.26%
Telefonica Czech Republic AS	140,812		4,521,597
Unipetrol AS *	90,417		1,469,373
			5,990,970
Hong Kong - 4.84%
Amvig Holdings, Ltd.	76,000		73,462
Baoye Group Company, Ltd.	88,000		54,275
Beijing Capital Land, Ltd.	364,000		145,145
Beijing Enterprises Holdings, Ltd.	266,000		1,036,019
Brilliance China Automotive Holdings, Ltd. *	1,350,000		225,281
Catic Shenzhen Holdings, Ltd.	74,000		46,835
China Aerospace International Holdings, Ltd. *	709,200		74,723
China Everbright, Ltd. *	366,000		725,807
China Green Holdings, Ltd.	222,000		247,643
China Haidian Holdings, Ltd. *	402,000		32,196
China Pharmaceutical Group, Ltd. *	474,000		143,146
China Rare Earth Holdings, Ltd.	420,000		87,077
China Resources Enterprises, Ltd.	646,000		2,096,202
China Unicom, Ltd., SADR	124,300		2,643,861
China Unicom, Ltd.	118,000		250,709
Chongqing Iron & Steel Company, Ltd. *	230,000		80,339
Citic Pacific, Ltd.	576,000		2,428,374
CNPC Hong Kong, Ltd.	1,530,000		710,400
COFCO International, Ltd. *	492,000		279,142
Comba Telecom Systems Holdings, Ltd.	320,000		80,793
Cosco International Holdings, Ltd.	432,000		284,774
Cosco Pacific, Ltd.	616,000		1,221,726
Dalian Port PDA Company, Ltd.	484,000		269,429
Denway Motors, Ltd.	2,850,000		1,218,450
Digital China Holdings, Ltd.	103,000		67,770
Dynasty Fine Wines Group, Ltd.	372,000		81,330
First Tractor Company, Ltd. *	104,000		57,266
Geely Automobile Holdings Company, Ltd.	1,505,000		181,395

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

63

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
Global Bio-Chem Technology
Group Company, Ltd.	820,000	$	316,281
Great Wall Motor Company, Ltd.	110,500		107,178
Great Wall Technology Company, Ltd. *	142,000		32,749
Guangzhou Pharmaceutical Company, Ltd.	58,000		41,185
Hainan Meilan International Airport Company,
Ltd.	58,000		60,212
Harbin Power Equipment Company, Ltd.	46,000		82,705
HKC Holdings, Ltd.	748,000		144,197
Hopson Development Holdings, Ltd., GDR	354,000		552,942
Innomaxx Biotechnology Group, Ltd. *	1,248,000		150,905
Kingway Brewery Holdings, Ltd.	328,000		68,744
Lianhua Supermarket Holdings, Ltd.	67,000		92,037
Lingbao Gold Company, Ltd.	92,000		42,194
Minmetals Resources, Ltd.	516,000		193,977
Neo-China Group Holdings, Ltd.	359,000		234,793
Shanghai Industrial Holdings, Ltd.	312,000		1,187,491
Shanghai Prime Machinery Company, Ltd.	156,000		40,694
Shanghai Real Estate, Ltd.	718,000		127,213
Shenzhen International Holdings, Ltd.	4,010,000		436,172
Shenzhen Investment, Ltd.	1,328,000		569,253
Shenzhou International Group Holdings, Ltd.	311,000		84,352
Shimao Property Holdings, Ltd., GDR	872,500		1,587,179
SinoCom Software Group, Ltd.	160,000		32,063
Sinolink Worldwide Holdings, Ltd.	1,124,000		171,793
Sinopec Kantons Holdings, Ltd.	424,000		71,904
Skyworth Digital Holdings, Ltd.	766,000		73,279
Stone Group Holdings, Ltd.	550,000		39,261
TCL Communication Technology
Holdings, Ltd. *	1,760,000		68,291
TCL Multimedia Technology Holdings, Ltd. *	1,688,000		71,020
Tianjin Capital Environmental Protection	104,000		39,049
TPV Technology, Ltd.	808,000		480,926
Travelsky Technology, Ltd., Class H	358,000		267,306
Weiqiao Textile Company, Ltd.	272,000		352,191
Xiamen International Port Company, Ltd.	344,000		99,022
Xiwang Sugar Holdings Company, Ltd.	474,000		166,835
Zhejiang Glass Company, Ltd. *	106,000		73,289
			23,002,251
Hungary - 2.96%
Egis Nyrt.	3,374		366,507
Fotex PLC *	60,581		258,540
Gedeon Richter Rt.	10,639		2,199,161
MOL Magyar Olaj & Gazipari Rt.	83,400		10,894,463
Pannonplast PLC *	14,510		132,093
Raba Jarmuipari Holding Nyilvanosan
Mukodo Rt. *	17,388		179,932
			14,030,696
India - 10.83%
Aarti Industries, Ltd.	51,087		39,995
Aditya Birla Nuvo, Ltd. *	17,432		613,976
Ador Welding, Ltd.	8,367		29,288
Aftek, Ltd.	28,740		30,688
Alembic, Ltd.	73,121		100,614
Alok Industries, Ltd.	35,798		50,869
Ambuja Cements, Ltd.	595,078		1,797,325

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
Amtek Auto, Ltd.	43,544	$	280,860
Apollo Hospitals Enterprise, Ltd.	16,657		214,725
Apollo Tyres, Ltd. *	115,200		119,847
Arvind Mills, Ltd. *	104,084		98,276
Ashok Leyland, Ltd. *	371,631		327,992
Aurobindo Pharma, Ltd.	11,000		80,376
Avaya Global Connect, Ltd.	5,668		23,737
Aztecsoft, Ltd.	22,751		31,563
Bajaj Auto Finance, Ltd.	13,322		110,560
Bajaj Auto, Ltd.	23,398		405,248
Bajaj Finserv, Ltd. *	23,398		376,164
Bajaj Hindusthan, Ltd.	36,988		175,021
Bajaj Holdings and Investment, Ltd. *	23,398		376,164
Ballarpur Industries, Ltd.	216,324		146,391
Balmer Lawrie & Company, Ltd.	5,100		47,727
Balrampur Chini Mills, Ltd. *	78,415		157,232
Bank of Maharashtra	152,501		191,598
Bank of Rajasthan	41,033		101,764
BASF India, Ltd.	8,277		40,379
Bata India, Ltd. *	12,773		44,896
Bharat Earth Movers, Ltd.	11,693		290,341
Bharat Forge, Ltd.	14,230		95,846
Bhushan Steel, Ltd.	13,535		222,906
Biocon, Ltd.	6,200		66,267
BOC India, Ltd.	11,000		43,475
Bombay Burmah Trading Company, Ltd.	3,000		27,683
Bombay Dyeing & Manufacturing Company,
Ltd.	6,442		100,588
Bosch Chassis Systems India, Ltd.	2,180		37,532
Ceat, Ltd.	9,643		26,199
Chambal Fertilizers & Chemicals, Ltd.	122,137		153,883
Cholamandalam DBS Finance, Ltd.	16,563		67,117
City Union Bank, Ltd.	130,140		91,407
Clariant Chemicals India, Ltd.	1,800		11,099
Coromandel Fertilisers, Ltd.	28,000		80,615
Cranes Software International, Ltd. *	13,600		49,645
Dabur Pharma, Ltd. *	29,200		46,201
Dalmia Cement Bharat, Ltd.	12,925		92,714
DCM Shriram Consolidated, Ltd.	39,804		55,577
Deepak Fertilizers & Petrochemicals Corp.,
Ltd.	25,890		65,384
Dr. Reddy's Laboratories, Ltd., ADR	26,500		383,720
Eicher Motors, Ltd. *	8,249		51,711
EID Parry India, Ltd.	28,585		124,821
EIH, Ltd.	112,100		380,940
Elder Pharmaceuticals, Ltd.	7,799		71,936
Electrosteel Castings, Ltd.	80,000		88,366
Escorts, Ltd. *	17,876		37,923
Essel Propack, Ltd. *	34,800		31,503
Eveready Industries, Ltd. *	12,000		11,581
FAG Bearings India, Ltd.	990		14,246
FDC, Ltd. *	28,000		19,662
Federal Bank, Ltd.	52,636		282,098
Finolex Cables, Ltd.	54,200		94,748
Finolex Industries, Ltd.	36,402		60,699
Gammon India, Ltd.	40,645		391,867
GlaxoSmithKline Consumer Healthcare, Ltd.	5,810		94,854

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

64

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
Godfrey Philips India, Ltd.	860	$	28,166
Graphite India, Ltd.	75,117		97,863
Great Eastern Shipping Company, Ltd.	51,265		484,672
GTL, Ltd.	47,854		298,664
Gujarat Alkalies & Chemicals, Ltd.	21,556		79,584
Gujarat Ambuja Exports, Ltd.	77,000		83,145
Gujarat Narmada Valley Fertilizers Company,
Ltd.	41,702		139,514
Gujarat State Fertilisers & Chemicals, Ltd.	23,600		100,574
HCL Infosystems, Ltd.	71,682		286,691
HEG, Ltd.	20,234		137,379
Hexaware Technologies, Ltd.	44,970		68,305
Himatsingka Seide, Ltd. *	28,000		41,669
Hinduja TMT, Ltd.	5,620		46,121
Hindustan Construction Company, Ltd.	53,020		175,386
Hindustan Motors, Ltd. *	62,437		51,031
Hotel Leela Venture, Ltd.	112,448		113,126
ICI India, Ltd.	9,700		162,970
ICICI Bank, Ltd., SADR	177,031		6,760,814
iGATE Global Solutions, Ltd.	12,500		125,935
India Cements, Ltd.	61,036		281,746
India Glycols, Ltd.	11,700		72,682
Indian Hotels Company, Ltd.	290,860		815,698
IndusInd Bank, Ltd.	131,779		259,661
Industrial Development Bank of India, Ltd.	208,923		467,288
Infomedia India, Ltd.	4,400		24,676
Ipca Laboratories, Ltd.	5,887		89,861
Jammu & Kashmir Bank, Ltd.	14,370		248,418
JB Chemicals & Pharmaceuticals, Ltd.	20,800		25,993
JBF Industries, Ltd.	16,838		52,221
Jet Airways India, Ltd.	16,525		230,365
Jindal Saw, Ltd.	15,200		243,002
Jindal Stainless, Ltd.	44,041		157,218
JK Tyre & Industries, Ltd.	4,510		13,104
JSW Steel, Ltd. *	51,075		1,049,038
Karnataka Bank, Ltd.	37,324		187,809
Karur Vysya Bank, Ltd.	15,800		130,568
Kesoram Industries, Ltd. *	9,211		90,419
Kirloskar Oil Engines, Ltd.	69,124		180,332
Lanxess ABS, Ltd.	4,800		19,827
LIC Housing Finance, Ltd.	23,279		162,051
Mahindra & Mahindra, Ltd.	160,326		2,745,673
Mangalam Cement, Ltd.	14,461		48,732
Maruti Udyog, Ltd.	60,042		1,222,988
Mastek, Ltd.	18,261		152,534
Matrix Laboratories, Ltd. *	43,893		190,144
Mercator Lines, Ltd.	55,549		107,760
Merck, Ltd. *	5,500		45,328
Monnet Ispat & Energy, Ltd. *	17,371		207,940
Moser Baer India, Ltd.	70,156		264,518
MRF, Ltd.	920		91,197
Mukand, Ltd.	22,832		51,416
Nagarjuna Construction Company, Ltd.	60,700		327,829
Nagarjuna Fertilizers & Chemicals, Ltd. *	125,682		116,502
Nahar Spinning Mills, Ltd.	6,600		9,217
Natco Pharma, Ltd.	3,500		7,487

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
National Organic Chemical Industries, Ltd.	80,240	$	53,120
Navneet Publications India, Ltd.	30,000		72,715
Nirma, Ltd. *	27,700		105,366
Orchid Chemicals & Pharmaceuticals, Ltd.	20,218		82,380
Orient Paper & Industries, Ltd.	51,770		58,475
Patni Computer Systems, Ltd.	35,839		199,196
Petronet LNG, Ltd.	238,460		416,940
Polaris Software Lab, Ltd.	26,963		53,054
Polyplex Corp., Ltd.	1,700		6,635
PSL, Ltd.	10,200		73,544
PTC India, Ltd.	41,049		99,079
Punjab Tractors, Ltd. *	17,492		97,940
Rain Commodities, Ltd. *	13,972		68,398
Rallis India, Ltd.	4,273		35,687
Raymond, Ltd.	13,115		97,184
Rei Agro, Ltd. *	13,800		506,862
Reliance Industries, Ltd., GDR * (g)	118,240		13,597,600
Rolta India, Ltd.	48,650		320,535
Ruchi Soya Industries, Ltd.	45,975		99,604
Seamec, Ltd. *	10,845		40,962
Shasun Chemicals & Drugs, Ltd.	16,407		18,045
Shriram Transport Finance Company, Ltd.	54,419		461,986
Sicagen India, Ltd. *	6,851		0
Sical Logistics, Ltd. *	6,851		23,653
Sonata Software, Ltd.	29,000		23,617
South Indian Bank, Ltd.	20,294		70,698
SREI Infrastructure Finance, Ltd.	22,993		78,720
SRF, Ltd.	24,910		62,811
Sterlite Optical Technologies, Ltd.	16,753		68,502
Strides Arcolab, Ltd.	8,709		37,923
Sundram Fasteners, Ltd.	17,700		14,255
Supreme Industries, Ltd.	7,790		48,525
Syndicate Bank, Ltd.	164,597		309,673
Tata Chemicals, Ltd.	56,208		395,773
Tata Communications, Ltd., ADR	29,647		735,839
Tata Investment Corp., Ltd.	6,431		78,104
Tata Metaliks, Ltd.	7,900		27,243
Tata Motors, Ltd.	149,148		2,298,236
Tele Data Informatics, Ltd.	46,948		26,973
Teledata Marine Solutions *	23,474		20,039
Teledata Technology Solutions *	23,474		20,039
Trent, Ltd.	4,173		54,622
Tube Investments of India, Ltd.	78,362		114,939
TVS Motor Company, Ltd.	51,986		45,417
Unichem Laboratories, Ltd. *	9,000		29,320
United Phosphorus, Ltd. *	59,452		387,697
Usha Martin, Ltd.	64,955		131,995
Varun Shipping Company, Ltd.	66,246		118,819
Wockhardt, Ltd.	18,700		124,106
Zensar Technologies, Ltd.	6,485		18,134
Zuari Industries, Ltd.	9,200		49,612
			51,431,871
Indonesia - 3.35%
Apexindo Pratama Duta Tbk PT	969,500		181,423
Astra Graphia Tbk PT	606,000		29,845
Astra International Tbk PT	2,336,500		6,203,093

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

65

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Indonesia (continued)
Bakrie & Brothers Tbk PT *	5,347,000	$	298,658
Bakrieland Development Tbk PT *	1,366,500		78,047
Bank Central Asia Tbk PT	4,000,000		1,422,158
Bank Danamon Indonesia Tbk PT	600,000		453,217
Bank Niaga Tbk PT	5,630,500		463,175
Bank Pan Indonesia Tbk PT *	6,447,500		452,158
Berlian Laju Tanker Tbk PT	2,173,500		485,860
Bhakti Investama Tbk PT	2,192,500		117,763
Charoen Pokphand Indonesia Tbk PT	2,559,000		257,523
Ciputra Surya Tbk PT *	896,000		57,926
Davomas Abadi Tbk PT *	2,465,000		74,083
Enseval Putera Megatrading Tbk PT	1,244,000		84,328
Gudang Garam Tbk PT	308,000		256,807
Indocement Tunggal Prakarsa Tbk PT	768,000		591,859
Indofood Sukses Makmur Tbk PT	5,312,500		1,353,891
Kalbe Farma Tbk PT	2,200,000		235,497
Kawasan Industri Jababeka Tbk PT *	6,349,500		94,756
Lippo Karawaci Tbk PT	6,763,750		589,627
Matahari Putra Prima Tbk PT	2,266,500		146,414
Medco Energi Internasional Tbk PT	1,497,000		545,818
Mitra Adiperkasa Tbk PT	837,000		49,333
Panin Insurance Tbk PT *	1,544,000		40,499
Panin Life Tbk PT *	6,381,500		103,998
Polychem Indonesia Tbk PT *	1,954,500		28,814
Ramayana Lestari Sentosa Tbk PT	2,048,000		181,289
Samudera Indonesia Tbk PT	58,500		32,333
Suryainti Permata Tbk PT *	1,446,000		62,282
Tempo Scan Pacific Tbk PT	2,108,000		138,648
Timah Tbk PT	193,000		611,805
Trias Sentosa Tbk PT	2,019,500		37,824
Trimegah Securities Tbk PT	1,540,500		42,675
Tunas Ridean Tbk PT	949,000		105,634
			15,909,060
Israel - 2.70%
AudioCodes, Ltd. *	21,648		86,316
Azorim Investment Development &
Construction Company, Ltd.	15,586		205,100
Bank Hapoalim, Ltd.	1,027,790		3,993,018
Bank Leumi Le-Israel, Ltd.	992,901		4,276,631
Blue Square Israel, Ltd.	3,239		34,122
Clal Industries & Investments, Ltd.	8,394		43,798
Clal Insurance Enterprise Holdings, Ltd.	5,517		107,229
Delta Galil Industries, Ltd. *	4,777		24,221
Discount Investment Corp.	17,589		455,097
Electra, Ltd. *	731		97,284
Elron Electronic Industries, Ltd. *	22,510		191,520
First International Bank of Israel, Ltd. *	44,364		111,739
Formula Systems, Ltd., GDR *	3,500		46,900
Formula Systems, Ltd. *	8,342		115,346
Frutarom Industries, Ltd.	6,261		47,702
IDB Development Corp., Ltd.	7,772		241,805
Israel Salt Industries, Ltd. *	17,450		78,634
Ituran Location & Control, Ltd.	2,562		26,117
Koor Industries, Ltd.	10,990		609,144
Leader Holding & Investments, Ltd.	21,500		34,822
Mivtach Shamir Holdings, Ltd.	4,391		136,917

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Israel (continued)
Orbotech, Ltd. *	15,238	$	279,465
Radvision, Ltd. *	2,526		16,556
Retalix, Ltd. *	15,416		215,843
Scailex Corp., Ltd. *	14,736		138,427
Super-Sol, Ltd.	13,964		62,572
Union Bank of Israel, Ltd.	24,593		119,726
United Mizrahi Bank, Ltd.	130,445		1,025,258
			12,821,309
Malaysia - 4.40%
Affin Holdings BHD	715,700		447,028
Al-'Aqar KPJ REIT	5,880		1,802
AMDB BHD *	330,000		26,527
AMMB Holdings BHD	2,042,662		2,207,542
Ann Joo Resources BHD	48,000		45,187
Asas Dunia BHD	24,000		6,094
Asia Pacific Land BHD	282,100		29,367
Bandar Raya Developments BHD	240,800		152,772
Batu Kawan BHD	239,000		757,562
Berjaya Corp. BHD	1,312,300		466,806
Bolton BHD	177,100		48,868
Boustead Holdings BHD	324,100		507,488
Boustead Properties BHD	33,000		38,174
Cahya Mata Sarawak BHD	241,600		155,521
Dijaya Corp. BHD	40,900		16,185
DNP Holdings BHD	15,000		5,540
DRB-Hicom BHD	798,300		318,713
Eastern & Oriental BHD	70,400		39,949
Eastern Pacific Industrial Corp. BHD	155,600		90,741
ECM Libra Avenue BHD	516,600		109,804
EON Capital BHD	376,200		540,744
Esso Malaysia BHD	92,100		62,852
General Corp. BHD	222,500		73,550
Globetronics Technology BHD	952,200		62,735
Glomac BHD	231,300		82,745
Goldis BHD	163,200		83,169
Hap Seng Consolidated BHD	253,900		193,420
Hong Leong Credit BHD	275,700		384,205
Hong Leong Industries BHD	25,000		31,287
Hume Industries Malaysia BHD	112,800		120,142
Hunza Properties BHD	113,800		76,275
Hwang-DBS Malaysia BHD	105,200		59,495
IGB Corp. BHD	944,300		466,832
IJM Corp. BHD	67,000		128,235
Insas BHD *	466,600		72,038
Integrated Logistics BHD	155,100		35,502
Jaks Resources BHD *	246,000		53,181
Jaya Tiasa Holdings BHD	63,945		60,971
K & N Kenanga Holdings BHD	323,600		74,732
Karambunai Corp. BHD *	1,978,300		59,134
Keck Seng BHD	148,200		193,506
Kian Joo Can Factory BHD	517,600		195,010
Kim Loong Resources BHD	21,000		22,231
KLCC Property Holdings BHD	595,000		545,886
KPJ Healthcare BHD	84,000		84,334
KSL Holdings BHD	267,333		83,892
KUB Malaysia BHD *	534,400		84,265

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

66

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia (continued)
Kulim Malaysia BHD	167,600	$	417,771
Kumpulan Hartanah Selangor BHD *	410,800		73,293
Kwantas Corp. BHD	56,000		71,686
Land & General BHD *	1,081,300		122,804
Landmarks BHD	10,000		7,038
LBS Bina Group BHD *	210,000		28,111
Leader Universal Holdings BHD	639,800		187,520
Lion Corp. BHD *	549,100		75,313
Lion Industries Corp. BHD	422,500		239,629
MAA Holdings BHD	133,400		51,564
Malaysia Building Society BHD	177,300		54,308
Malaysian Plantations BHD	542,300		455,831
MBM Resources BHD	60,500		48,912
Measat Global BHD *	63,200		29,536
Mega First Corp. BHD	163,700		61,188
Melewar Industrial Group BHD	53,000		16,417
MK Land Holdings BHD	632,500		98,688
MNRB Holdings BHD	10,000		14,275
MTD ACPI Engineering BHD	141,900		49,818
MTD Infraperdana BHD	435,700		104,174
Mulpha International BHD *	831,100		237,299
New Straits Times Press BHD *	154,900		80,656
Nylex Malaysia BHD	74,000		30,620
Oriental Holdings BHD	281,300		502,880
OSK Holdings BHD	363,100		209,865
PacificMas BHD	89,000		117,980
Padiberas Nasional BHD	364,500		204,593
Panasonic Manufacturing Malaysia BHD	48,200		161,426
PBA Holdings BHD	32,000		10,214
PJ Development Holdings BHD	480,100		99,581
POS Malaysia & Services Holdings BHD	437,700		258,204
PPB Group BHD	624,100		2,000,676
Protasco BHD	172,400		46,079
Proton Holdings BHD *	289,000		349,975
Ramunia Holdings BHD *	326,954		140,388
Ranhill BHD	372,100		188,775
Sarawak Energy BHD	350,300		231,971
Scientex, Inc. BHD	51,000		19,153
Selangor Dredging BHD	326,900		75,159
Shangri-La Hotels BHD	101,900		79,832
Shell Refining Company Federation
of Malaya BHD	161,700		552,349
SHL Consolidated BHD	172,300		82,978
Southern Steel BHD	36,000		23,357
Sunway City BHD	265,700		260,625
Sunway Holdings, Inc. BHD *	449,000		189,250
Suria Capital Holdings BHD	286,100		221,878
Symphony House BHD	70,840		6,241
TA Enterprise BHD	879,500		323,636
Talam Corp. BHD *	360,000		22,127
Tan Chong Motor Holdings BHD	507,300		286,472
TDM BHD	160,500		86,737
Tebrau Teguh BHD *	316,000		77,388
TH Group BHD	269,200		58,050
Time.Com BHD *	671,600		110,692
Tradewinds Malaysia BHD	26,000		37,558

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia (continued)
Unisem M BHD	289,700	$	113,890
United Malacca BHD	65,200		155,487
Utama Banking Group BHD *	152,600		111,558
V.S. Industry BHD	130,800		119,235
WTK Holdings BHD	268,500		171,678
YTL Corp. BHD	531,100		1,232,286
			20,898,712
Mexico - 10.00%
Alfa SA de CV	425,200		2,844,588
Cemex SA de CV, SADR *	576,073		15,046,818
Coca-Cola Femsa SA de CV, ADR	18,500		1,042,105
Consorcio ARA SA de CV	174,000		177,225
Controladora Comercial Mexicana SA de CV	427,800		1,205,891
Embotelladoras Arca SA de CV	4,574		17,664
Empresas ICA SA de CV, SADR *	98,824		2,337,188
Empresas ICA Sociedad
Controladora SA de CV *	46,900		278,771
Fomento Economico Mexicano SA de CV,
SADR	240,775		10,059,579
GMD Resorts SAB de CV *	68,200		87,727
Gruma SA de CV, SADR	26,812		257,127
Gruma SA de CV	17,000		40,269
Grupo Aeroportuario del Pacifico SA de CV,
Series B, SADR	18,900		850,500
Grupo Aeroportuario del Sureste SA de CV,
SADR	25,567		1,457,063
Grupo Aeroportuario del Sureste SA de CV	28,700		164,497
Grupo Carso SA de CV	662,300		2,800,357
Grupo Cementos de Chihuahua SA de CV	35,500		193,465
Grupo Continential SA de CV *	236,800		567,817
Grupo Financiero Inbursa SA de CV	1,233,300		3,708,214
Grupo Industrial Maseca SA de CV	53,900		20,309
Grupo Industrial Saltillo SA de CV	94,000		156,332
Grupo Kuo SA de CV *	164,000		165,653
Grupo Mexicano de Desarrollo, SAB *	68,200		169,815
Industrias CH SA de CV *	336,700		1,336,645
Organizacion Soriana SA de CV	680,200		1,994,056
Vitro SA de CV, SADR	90,856		476,994
			47,456,669
Philippines - 0.52%
DMCI Holdings, Inc.	734,000		139,063
Empire East Land Holdings, Inc. *	2,990,000		44,451
Filinvest Development Corp.	730,000		61,307
Filinvest Land, Inc. *	10,498,500		262,050
First Philippine Holdings Corp.	252,500		248,425
Megaworld Corp.	3,929,800		232,287
Metropolitan Bank & Trust Company	562,700		541,319
Petron Corp.	1,994,000		272,728
Rizal Commercial Banking Corp.	247,300		100,891
Security Bank Corp.	102,900		164,022
Union Bank of Philippines	162,000		135,939
Universal Robina Corp.	828,500		278,721
			2,481,203
Poland - 2.99%
ABG Ster-Projekt SA	30,780		94,184

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

67

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Poland (continued)
Agora SA	42,379	$	809,542
Bank BPH SA	10,024		407,219
Bioton SA *	116,515		42,778
Boryszew SA *	21,543		78,739
Computerland SA	810		12,052
Debica SA	7,977		364,471
Echo Investment SA *	245,530		736,780
Fabryka Kotlow Rafako SA *	16,639		61,893
Fabryki Mebli Forte SA	23,417		84,811
Farmacol SA *	11,755		193,023
Firma Chemiczna Dwory SA *	278,184		138,023
Getin Holding SA *	72,943		410,211
Grupa Kety SA	10,569		573,815
Grupa Lotos SA	51,180		808,962
Impexmetal SA	74,050		190,829
Kredyt Bank SA	48,880		484,815
Krosno SA *	24,403		29,611
MNI SA *	26,192		44,226
Netia SA *	137,260		229,350
Opoczno SA *	9,237		152,089
Orbis SA	32,410		848,471
Pekaes SA *	6,380		31,547
Polski Koncern Miesny Duda SA *	11,421		27,035
Polski Koncern Naftowy Orlen SA *	310,483		5,549,618
Prokom Software SA	12,209		702,329
Softbank SA	26,536		869,463
Zaklady Tluszczowe Kruszwica SA	1,270		26,563
Zelmer SA	7,718		191,418
			14,193,867
South Africa - 9.35%
Aeci, Ltd.	87,243		688,305
Afgri, Ltd.	219,629		202,985
African Bank Investments, Ltd.	147,951		486,291
African Rainbow Minerals, Ltd.	98,885		2,741,184
AG Industries, Ltd. *	152,353		33,314
Allied Electronics Corp., Ltd.	19,128		94,455
Allied Technologies, Ltd.	15,669		107,532
Amalgamated Appliance Holding Company,
Ltd. *	78,315		17,834
Argent Industrial, Ltd.	53,021		108,376
AVI, Ltd.	175,420		342,454
Avusa, Ltd. *	18,420		70,409
Barloworld, Ltd.	94,081		1,252,510
Capitec Bank Holdings, Ltd.	6,930		31,192
Caxton & CTP Publishers & Printers, Ltd.	164,927		296,783
Ceramic Industries, Ltd.	1,970		22,832
DataTec, Ltd.	131,063		442,230
Dimension Data Holdings, Ltd.	249,960		240,427
Distell Group, Ltd.	5,779		36,296
ElementOne, Ltd. *	18,420		39,747
Enaleni Pharmaceuticals, Ltd. *	121,353		50,108
Freeworld Coatings, Ltd. *	94,081		102,085
Gijima Ast Group, Ltd.	338,992		48,124
Gold Fields, Ltd., SADR	298,500		4,128,255
Gold Fields, Ltd.	3,784		52,868
Grindrod, Ltd.	35,005		95,254

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Africa (continued)
Harmony Gold Mining Company, Ltd., SADR *	205,594	$	2,434,233
Hulamin, Ltd.	11,536		34,105
Iliad Africa, Ltd. *	16,287		22,063
Imperial Holdings, Ltd. *	89,724		878,957
Investec, Ltd.	53,606		381,026
JD Group, Ltd.	67,054		302,894
Johnnic Holdings, Ltd. *	67,274		114,025
Kap International Holdings, Ltd.	189,283		55,446
Lewis Group, Ltd.	70,286		363,246
Liberty Group, Ltd. *	99,395		900,941
Metair Investments, Ltd.	163,437		241,692
Metropolitan Holdings, Ltd.	482,415		797,454
Mittal Steel South Africa, Ltd.	181,714		4,409,556
Mondi, Ltd.	72,308		610,442
Mustek, Ltd.	76,041		40,383
Mvelaphanda Group, Ltd. *	112,210		123,096
Nampak, Ltd. *	249,019		504,273
Naspers, Ltd.	3,706		64,683
Nedbank Group, Ltd.	138,913		2,003,980
Nu-World Holdings, Ltd. *	19,436		36,319
Oceana Group, Ltd.	43,289		101,240
Omnia Holdings, Ltd.	27,969		244,622
PSG Group, Ltd.	94,832		205,864
Sanlam, Ltd.	2,122,424		5,004,220
Santam, Ltd.	10,338		107,454
Sappi, Ltd., SADR	99,261		1,140,509
Sasol, Ltd., SADR	202,432		9,795,685
Steinhoff International Holdings, Ltd. *	480,123		1,072,009
Super Group, Ltd.	174,304		156,744
Telkom SA, Ltd., SADR	3,000		196,290
Tiger Wheels, Ltd. *	32,678		0
Trans Hex Group, Ltd.	70,871		92,052
Trencor, Ltd.	63,966		202,399
Value Group, Ltd. *	178,661		38,442
			44,408,194
South Korea - 11.21%
Aekyung Petrochemical Company, Ltd.	1,660		47,872
Asia Cement Company, Ltd.	1,260		74,174
Asia Paper Manufacturing Company, Ltd.	1,600		17,544
Bookook Securities Company, Ltd. *	2,100		59,532
Boryung Pharmaceutical Company, Ltd.	1,174		60,468
BYC Company, Ltd.	240		52,041
Byucksan Corp.	1,580		23,329
Byucksan Engineering & Construction
Company, Ltd.	7,600		47,056
C. & Woobang Construction Company, Ltd. *	7,230		29,974
Cambridge Members Company, Ltd.	760		11,541
Cheil Industries, Inc.	15,330		747,215
Choil Aluminum Manufacturing Company, Ltd. *	1,630		14,982
Chokwang Leather Company, Ltd.	2,200		16,843
Chong Kun Dang Pharm Corp.	2,310		45,920
Chosun Refractories Company, Ltd.	650		58,118
Chungho Comnet Company, Ltd.	2,270		44,835
CJ Corp. *	2,768		194,929
Crown Confectionery Company, Ltd.	480		44,200
Dae Chang Industrial Company, Ltd.	2,600		21,117

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

68

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Dae Dong Industrial Company, Ltd.	1,800	$	34,085
Dae Han Flour Mills Company, Ltd.	500		101,314
Dae Won Kang Up Company, Ltd.	1,500		28,567
Daeduck Electronics Company, Ltd.	15,400		82,284
Daeduck GDS Company, Ltd.	5,010		38,083
Daehan Synthetic Fiber Company, Ltd.	429		56,225
Daekyo Company, Ltd.	2,460		176,610
Daelim Trading Company, Ltd.	1,417		6,818
Daesang Corp.	3,500		34,230
Daesung Industrial Company, Ltd.	900		110,591
Daewoo Electronic Components Company,
Ltd. *	4,647		14,305
Daewoo Motor Sales Corp.	9,530		274,425
Daewoong Company, Ltd. *	620		24,811
Dahaam E-Tec Company, Ltd.	300		9,706
Daishin Securities Company, Ltd. *	16,040		368,244
DI Corp.	12,000		25,169
Digital Power Communications Company, Ltd.	13,000		22,795
Dong Ah Tire & Rubber Company, Ltd.	2,240		21,786
Dong Su Industrial Company, Ltd.	1,800		34,194
Dongbang Transport Logistics Company, Ltd.	1,100		29,512
Dongbu Corp.	6,900		111,697
Dongbu Steel Company, Ltd.	7,360		81,353
Dong-Il Corp.	348		26,706
Dongil Rubber Belt Company, Ltd.	6,137		16,404
Dongkuk Steel Mill Company, Ltd.	15,090		592,435
Dongwon F & B Company, Ltd.	870		31,990
Dongwon Industries Company, Ltd.	760		79,175
Dongyang Engineering & Construction Corp.	690		29,004
Dongyang Mechatronics Corp.	5,623		36,718
DPI Holdings Company, Ltd.	5,790		40,164
En Paper Manufacturing Company, Ltd. *	10,150		26,386
F&F Company, Ltd.	4,900		20,420
Fursys, Inc.	2,840		65,956
Gaon Cable Company, Ltd.	730		28,502
Global & Yuasa Battery Company, Ltd.	3,500		37,582
H.S. R & A Company, Ltd.	2,200		22,475
Hae In Corp.	3,900		19,364
Halla Engineering & Construction Corp.	3,230		110,842
Hana Financial Group, Inc.	61,520		2,521,521
Handok Pharmaceuticals Company, Ltd.	1,000		18,504
Handsome Company, Ltd.	7,260		78,184
Hanil Cement Manufacturing Company, Ltd.	2,110		196,812
Hanil Construction Company, Ltd.	3,058		41,338
Hanil E-Wha Company, Ltd.	6,200		13,120
Hanjin Shipping Company, Ltd.	27,740		1,095,980
Hanjin Transportation Company, Ltd.	3,340		109,715
Hankook Cosmetics Company, Ltd.	6,400		22,420
Hankook Tire Company, Ltd.	55,950		890,111
Hankuk Glass Industries, Inc.	1,970		55,370
Hankuk Paper Manufacturing Company, Ltd.	1,520		53,595
Hanmi Capital Company, Ltd.	5,310		64,145
Hanshin Construction Company, Ltd.	3,090		77,826
Hansol Chemical Company, Ltd.	2,900		27,321
Hansol Paper Company, Inc. *	12,950		144,431
Hanssem Company, Ltd.	3,800		29,199

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Hanwha Chem Corp.	27,020	$	458,950
Hanwha Securities Company, Ltd. *	15,502		168,827
Hanwha Timeworld Company, Ltd.	2,650		34,513
Heung-A Shipping Company, Ltd.	6,660		21,275
Honam Petrochemical Corp.	7,420		607,096
Hotel Shilla Company , Ltd.	8,260		227,107
Husteel Company, Ltd.	2,300		42,340
Hwa Shin Company, Ltd. *	14,700		40,819
Hwa Sung Industrial Company, Ltd.	2,730		32,530
Hwacheon Machine Tool Company, Ltd.	940		42,182
Hynix Semiconductor, Inc. *	22,900		645,739
Hyosung Corp.	11,560		785,199
Hyundai Cement Company, Ltd.	2,010		74,080
Hyundai DSF Company, Ltd.	2,300		25,558
Hyundai H & S Company, Ltd.	520		38,755
Hyundai Hysco Company, Ltd.	22,100		193,728
Hyundai Motor Company, Ltd.	87,706		7,004,097
Hyundai Pharmaceutical Industrial Company,
Ltd.	15,500		69,038
Hyundai Securities Company, Ltd. *	49,005		767,798
Hyundai Steel Company	22,960		1,614,177
Il Dong Pharmaceutical Company, Ltd. *	710		29,896
Iljin Diamond Company, Ltd.	1,300		17,601
Ilshin Spinning Company, Ltd.	370		27,647
Ilsung Pharmaceutical Company, Ltd.	990		100,170
Inzi Controls Company, Ltd.	6,050		28,444
Isu Chemical Company, Ltd.	1,700		13,972
Jahwa Electronics Company, Ltd.	4,300		26,294
Jeil Mutual Savings Bank	1,820		11,407
Jeil Pharmaceutical Company, Ltd. *	6,510		71,979
Jeonbuk Bank, Ltd.	9,973		74,716
Joongang Construction Company, Ltd. *	1,260		15,537
KC Tech Company, Ltd.	8,126		46,968
KCC Corp.	2,350		1,089,995
KCTC	1,530		35,408
Keangnam Enterprises, Ltd.	3,358		108,414
Keyang Electric Machinery Company, Ltd.	13,000		32,034
KG Chemical Corp. *	5,600		54,587
Kia Motors Corp. *	97,670		1,127,981
Kirin Company, Ltd. *	1,540		1,297
Kiswire, Ltd.	2,650		106,611
Kolon Engineering &
Construction Company, Ltd.	3,900		42,736
Kolon Industries, Inc. *	3,990		113,892
Kookmin Bank, SADR	25,500		1,429,275
Korea Airport Service Company, Ltd.	760		42,075
Korea Cast Iron Pipe Industries Company, Ltd. *	5,500		27,084
Korea Circuit Company, Ltd. *	5,300		21,016
Korea Development Corp.	1,450		21,954
Korea Development Financing Corp. *	390		14,751
Korea Electric Terminal Company, Ltd.	1,300		25,399
Korea Exchange Bank	50,730		678,152
Korea Flange Company, Ltd.	4,810		63,622
Korea Iron & Steel Company, Ltd.	3,350		248,552
Korea Kumho Petrochemical Company, Ltd.	3,700		214,697
Korea Mutual Savings Bank	1,980		46,650
Korea Polyol Company, Ltd.	887		53,559

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

69

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Korea Zinc Company, Ltd.	944	$	114,606
Korean Air Lines Company, Ltd.	18,550		1,004,049
Korean Petrochemical Industrial Company,
Ltd.	2,430		91,803
KP Chemical Corp. *	27,370		200,207
KT Freetel Company, Ltd. *	49,600		1,452,578
Kukdo Chemical Company, Ltd.	1,000		25,090
Kumho Investment Bank *	6,037		74,051
Kumho Tire Company, Inc.	20,600		218,310
Kumkang Industrial Company, Ltd.	1,400		14,846
Kunsul Chemical Industrial Company, Ltd. *	1,970		34,214
Kwang Dong Pharmaceutical Company, Ltd.	8,100		38,925
Kyeryong Construction
Industrial Company, Ltd.	2,510		85,834
Kyung Nong Corp.	9,470		47,253
Lee Ku Industrial Company, Ltd.	8,395		12,722
LG Chem, Ltd.	7,270		545,261
LG Dacom Corp.	20,260		383,854
LG Electronics, Inc.	29,780		3,827,257
LG International Corp.	10,930		219,801
Lotte Chilsung Beverage Company, Ltd.	311		292,010
Lotte Confectionery Company, Ltd.	400		512,410
Lotte Samkang Company, Ltd.	343		58,896
Manho Rope & Wire, Ltd.	1,350		17,137
Meritz Investment Bank *	31,951		46,780
Meritz Securities Company, Ltd. *	11,746		96,319
Moorim Paper Company, Ltd.	5,200		44,903
Namyang Dairy Products Company, Ltd.	180		141,223
Nexen Corp.	1,160		32,845
NH Investment & Securities Company, Ltd. *	3,560		36,303
Nong Shim Company, Ltd.	1,400		255,558
Nong Shim Holdings Company, Ltd.	1,410		103,386
Ottogi Corp.	536		66,029
Pang Rim Company, Ltd.	910		20,934
PaperCorea, Inc.	2,800		21,205
Pohang Coated Steel Company, Ltd.	1,300		29,199
Poonglim Industrial Company, Ltd.	3,790		29,320
Poongsan Corp.	8,040		140,775
Pulmuone Company, Ltd.	1,760		81,415
Pumyang Construction Company, Ltd.	970		18,406
Pusan Bank	62,020		778,423
Pusan City Gas Company, Ltd.	3,100		71,605
S&T Dynamics Company, Ltd.	10,410		106,870
Saehan Industries, Inc. *	15,310		93,156
Saehan Media Company, Ltd. *	4,273		21,322
Sam Kwang Glass Industrial Company, Ltd.	750		27,118
Sam Lip General Foods Company, Ltd.	2,300		21,444
Sam Young Electronics Company, Ltd.	2,950		34,075
Sambu Construction Company, Ltd.	1,200		54,861
Samhwa Paint Industrial Company, Ltd.	5,090		16,321
Samick Musical Instruments Company, Ltd. *	8,450		6,862
Samick THK Company, Ltd.	6,800		16,161
Samjin Pharmaceutical Company, Ltd.	694		37,731
Samsung Corp.	38,740		2,724,296
Samsung Electro-Mechanics Company, Ltd.	17,840		976,682
Samsung Fine Chemicals Company, Ltd.	7,370		402,677
Samsung SDI Company, Ltd. *	17,600		1,386,871

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Samwhan Corp.	1,400	$	30,380
Samyang Corp.	2,080		91,446
Samyang Genex Company, Ltd.	930		52,145
Samyang Tongsang Company, Ltd.	1,360		47,858
Samyung Trading Company, Ltd. *	4,300		20,581
Savezone I & C Corp.	16,880		44,023
Seah Besteel Corp.	7,910		122,530
SeAH Holdings Corp.	1,010		92,632
SeAH Steel Corp.	770		39,526
Sebang Company, Ltd.	5,920		84,820
Sejong Industrial Company, Ltd.	4,700		23,761
Sempio Foods Company, Ltd.	1,960		37,044
Sgwicus Corp. *	8,400		24,804
SH Chemical Company, Ltd. *	2,600		21,455
Shin Poong Pharmaceutical Company, Ltd.	1,870		36,566
Shinhan Engineering & Construction
Company, Ltd. *	2,606		40,633
Shinhan Financial Group Company, Ltd.,
SADR *	23,300		2,459,781
Shinheung Securities Company, Ltd. *	3,800		129,321
Shinil Engineering Company, Ltd.	3,180		37,235
Shinsegae Engineering & Construction
Company, Ltd.	700		21,842
Shinsung ENG Company, Ltd.	7,800		41,371
Shinsung Engineering & Construction
Company, Ltd.	2,678		17,229
Shinyoung Securities Company, Ltd. *	2,636		136,235
Silla Company, Ltd.	3,180		41,965
Sindo Ricoh Company, Ltd.	2,840		149,406
SJM Company, Ltd.	5,800		29,886
SK Corp.	3,738		539,238
SK Gas Company, Ltd.	2,870		198,541
SKC Company, Ltd.	7,200		151,475
SL Corp. *	3,400		26,298
Songwon Industrial Company, Ltd. *	8,100		37,224
Ssangyong Cement Industrial Company, Ltd. *	20,770		269,012
Ssangyong Motor Company, Ltd. *	26,890		148,058
Suheung Capsule Company, Ltd.	2,800		18,086
Sung Bo Chemicals Company, Ltd.	950		35,915
Sung Chang Enterprise Company, Ltd.	1,750		41,566
Sungjee Construction Company, Ltd.	1,400		36,064
Sungshin Cement Company, Ltd. *	5,760		63,365
Sunjin Company, Ltd.	1,260		35,892
Tae Kyung Industrial Company, Ltd.	10,000		42,210
Taegu Department Store Company, Ltd. *	2,700		39,277
Taekwang Industrial Company, Ltd.	133		120,791
Taeyoung Engineering & Construction, Ltd.	9,690		79,607
Taihan Textile Company, Ltd. *	290		13,283
Tailim Packaging Industrial Company, Ltd.	3,000		30,239
Telcoware Company, Ltd.	3,800		30,042
Trybrands, Inc. *	5,400		28,192
TS Corp.	980		61,760
Uangel Corp.	3,800		23,121
Unid Company, Ltd.	1,200		44,871
Union Steel Company, Ltd. *	2,980		74,922
Wiscom Company, Ltd.	3,760		15,465
Woongjin Holdings Company, Ltd.	2,860		59,015

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

70

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Woori Investment & Securities Company, Ltd. *	26,550	$	565,599
Yesco Company, Ltd.	1,950		71,442
Yoosung Enterprise Company, Ltd.	6,200		22,658
Youlchon Chemical Company, Ltd.	9,090		60,325
Young Poong Corp.	225		98,535
Young Poong Paper Manufacturing
Company, Ltd.	650		21,003
Youngone Corp.	11,950		97,674
Yuhwa Securities Company, Ltd. *	3,410		66,781
			53,234,599
Taiwan - 11.42%
Acbel Polytech, Inc. *	225,000		105,377
Accton Technology Corp. *	113,000		44,445
Achem Technology Corp.	103,000		56,227
AGV Products Corp. *	199,000		87,321
Ambassador Hotel Company, Ltd.	93,000		159,000
Ampoc Far-East Company, Ltd.	84,460		34,198
Arima Computer Corp. *	407,000		66,709
Asia Polymer Corp.	111,000		102,706
Avision, Inc.	77,376		47,268
Bank of Kaohsiung, Ltd.	194,000		114,938
Behavior Technology Computer Corp. *	2,400		1,211
BES Engineering Corp. *	770,700		282,484
Carnival Industrial Corp. *	198,000		65,962
Cathay Chemical Works, Inc.	93,000		48,228
Cathay Real Estate Development
Company, Ltd.	235,000		209,611
Central Reinsurance Company, Ltd.	156,450		98,446
Chang Hwa Commercial Bank, Ltd.	2,683,000		2,033,939
Charoen Pokphand Enterprise Company, Ltd.	125,000		69,556
Cheng Loong Corp.	536,000		214,314
Chenming Mold Industrial Corp.	126,774		42,760
Chi Investments, Ltd. *	3,215		0
Chia Her Industrial Company, Ltd. *	360,000		34,947
Chia Hsin Cement Corp. *	274,000		248,986
Chien Shing Stainless Steel Company, Ltd. *	199,000		64,531
China Airlines, Ltd.	989,680		576,196
China Chemical & Pharmaceutical Company,
Ltd.	129,000		92,098
China Development Financial Holdings Corp.	6,155,280		2,847,321
China Electric Manufacturing Corp.	94,000		55,518
China General Plastics Corp. *	140,000		49,882
China Glaze Company, Ltd.	107,590		44,763
China Manmade Fibers Corp. *	604,000		238,953
China Motor Company, Ltd.	427,125		414,711
China Petrochemical Development Corp. *	1,022,000		552,010
China Steel Structure Company, Ltd.	94,000		62,187
China Wire & Cable Company, Ltd. *	110,000		30,809
Chin-Poon Industrial Company, Ltd.	128,000		111,542
Chun Yu Works & Company, Ltd.	155,000		51,334
Chun Yuan Steel Industrial Company, Ltd.	296,700		132,940
Chung Hwa Pulp Corp.	207,000		159,817
Chunghwa Picture Tubes, Ltd. *	3,961,000		1,216,776
CMC Magnetics Corp. *	1,823,000		602,606
Collins Company, Ltd.	186,000		73,917
Compeq Manufactuing Company, Ltd.	556,000		184,669

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Continental Engineering Corp.	412,000	$	326,164
Cosmos Bank Taiwan *	497,000		48,098
Da-Cin Construction Company, Ltd.	218,000		165,945
Delpha Construction Company, Ltd. *	181,000		56,563
E.Sun Financial Holding Company, Ltd. *	2,143,000		1,310,361
Eastern Media International Corp.	528,000		186,306
Edom Technology Company, Ltd.	71,000		42,021
Elitegroup Computer Systems Company, Ltd. *	507,000		253,539
Enlight Corp.	163,769		44,848
EVA Airways Corp. *	996,000		597,244
Everest Textile Company, Ltd.	230,000		62,093
Evergreen International Storage & Transport
Corp.	550,000		552,333
Evergreen Marine Corp.	790,000		782,976
Everspring Industry Company, Ltd. *	138,000		39,852
Evertop Wire Cable Corp.	140,395		41,973
Excel Cell Electronic Company, Ltd.	34,000		17,144
Far Eastern International Bank *	967,000		383,401
Federal Corp.	226,665		173,039
First Copper Technology Company, Ltd.	104,000		48,815
First Insurance Company, Ltd.	115,000		59,852
Formosa Taffeta Company, Ltd.	454,000		516,011
Formosan Rubber Group, Inc.	136,000		99,898
Fwusow Industry Company, Ltd.	99,000		43,781
Gigabyte Technology Company, Ltd.	450,000		358,847
Gigastorage Corp. *	146,000		41,338
Goldsun Development & Construction
Company, Ltd.	697,310		510,125
Gordon Auto Body Parts Company, Ltd.	49,440		18,963
Grand Pacific Petrochemical Corp. *	285,000		118,167
Grape King, Inc.	108,000		79,148
Great China Metal Industry Company, Ltd.	90,000		46,131
Hey Song Corp.	219,000		129,015
Hitron Technology, Inc. *	108,000		35,538
Ho Tung Chemical Corp. *	308,000		113,280
Hocheng Group Corp. *	229,500		92,446
Hold-Key Electric Wire & Cable Company, Ltd. *	138,000		54,390
Hsing TA Cement Company, Ltd.	120,000		51,852
Hua Eng Wire & Cable Company, Ltd.	333,000		145,707
Hua Nan Financial Holdings Company, Ltd.	604,000		558,197
Hung Ching Development Company, Ltd.	166,000		111,214
Hung Sheng Construction Company, Ltd.	187,000		202,661
Hwa Fong Rubber Company, Ltd. *	77,000		24,289
Ichia Technologies, Inc.	74,000		56,189
Inventec Company, Ltd.	535,000		329,255
Jui Li Enterprise Company, Ltd.	65,000		24,635
Kang Na Hsiung Enterprise Company, Ltd.	79,000		50,324
Kao Hsing Chang Iron & Steel Corp. *	447,000		141,484
Kindom Construction Company, Ltd.	194,000		128,515
King Yuan Electronics Company, Ltd.	514,695		267,716
King's Town Bank *	471,000		154,749
Kinpo Electronics, Inc.	789,480		276,220
Kwong Fong Industries Corp. *	231,000		84,604
Lan Fa Textile Company, Ltd.	165,640		64,496
Lead Data, Inc. *	182,000		41,647
Lealea Enterprise Company, Ltd. *	307,000		112,017
Leofoo Development Company, Ltd. *	86,000		76,171

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

71

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Li Peng Enterprise Company, Ltd. *	281,600	$	92,780
Lien Hwa Industrial Corp.	308,878		242,788
Lingsen Precision Industries, Ltd.	146,178		63,236
Long Bon Development Company, Ltd.	41,000		26,396
Long Chen Paper Company, Ltd.	218,549		94,058
Lucky Cement Corp.	167,000		71,024
Macronix International Company, Ltd., SADR	22,180		100,754
Macronix International Company, Ltd.	1,720,722		787,224
Mega Financial Holding Company, Ltd.	5,978,000		4,716,396
Mercuries & Associates, Ltd.	232,000		189,829
Mercuries Data Systems, Ltd. *	204,000		48,611
Micro-Star International Company, Ltd.	530,947		456,861
Namchow Chemical Industrial Company, Ltd. *	180,000		61,028
Nanya Technology Corp.	751,864		449,447
Nien Hsing Textile Company, Ltd.	259,000		179,696
Optimax Technology Corp. *	285,000		87,649
Pacific Construction Company, Ltd. *	160,000		24,787
Prodisc Technology, Inc. *	387,000		60,621
Quintain Steel Company, Ltd. *	164,000		49,419
Ralec Electronic Corp. *	39,000		49,783
Rectron, Ltd. *	174,168		26,551
Reward Wool Industry Corp. *	186,000		67,686
Rexon Industrial Corp., Ltd. *	80,000		23,553
Ritek Corp. *	1,544,000		403,492
Sampo Corp. *	581,000		138,528
Sanyang Industrial Company, Ltd.	337,000		257,711
Sanyo Electric Taiwan Company, Ltd.	38,000		55,979
Sesoda Corp.	69,750		59,262
Sheng Yu Steel Company, Ltd.	25,000		25,825
Shinkong Insurance Company, Ltd.	91,020		56,718
Shinkong Synthetic Fibers Corp. *	675,000		266,644
Shuttle, Inc. *	122,000		50,714
Silicon Integrated Systems Corp.	355,000		112,858
Sinon Corp.	164,000		69,003
SinoPac Holdings Company, Ltd.	3,901,000		1,857,667
Sintek Photronic Corp. *	383,000		119,518
Siward Crystal Technology Company, Ltd.	61,156		39,376
Southeast Cement Company, Ltd.	295,000		136,638
Standard Foods Corp.	98,000		59,050
Stark Technology, Inc.	95,000		53,338
Ta Chong Bank, Ltd. *	750,000		260,025
Ta Ya Electric Wire & Cable Company, Ltd.	278,008		95,377
Tah Hsin Industrial Company, Ltd.	65,000		62,837
Taichung Commercial Bank *	656,000		340,729
Tainan Spinning Company, Ltd.	798,000		463,466
Taishin Financial Holdings Company, Ltd. *	2,746,000		1,377,905
Taisun Enterprise Company, Ltd. *	150,000		55,078
Taita Chemical Company, Ltd. *	100,000		37,671
Taiwan Business Bank *	1,850,000		720,442
Taiwan Cooperative Bank	840,580		830,145
Taiwan Fire & Marine Insurance Company, Ltd.	71,000		72,883
Taiwan Fu Hsing Industrial Company, Ltd.	86,000		51,329
Taiwan Glass Industrial Corp.	473,472		584,564
Taiwan Kolin Company, Ltd. *	327,000		140,712
Taiwan Pulp & Paper Corp. *	176,000		76,661
Taiwan Sakura Corp. *	100,000		43,701

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Taiwan Styrene Monomer Corp.	250,640	$	118,068
Taiwan Tea Corp. *	382,000		350,584
Taiyen Biotech Company, Ltd.	115,000		99,619
Tatung Company, Ltd. *	2,291,000		1,485,114
Teapo Electronic Corp. *	205,000		47,102
Teco Electric & Machinery Company, Ltd.	1,256,000		777,659
Tecom Company, Ltd.	108,000		72,921
Tex-Ray Industrial Company, Ltd.	90,000		39,938
Ton Yi Industrial Corp.	664,000		345,459
Twinhead International Corp. *	224,000		35,449
Tycoons Group Enterprise Company, Ltd. *	238,000		67,822
Tze Shin International Company, Ltd.	59,360		45,349
Union Bank of Taiwan *	612,000		150,713
Unitech Electronics Company, Ltd.	101,299		62,093
United Microelectronics Corp.	8,696,454		5,297,803
Universal Cement Corp. *	144,100		113,290
UPC Technology Corp.	386,899		245,587
USI Corp.	294,000		197,170
U-Tech Media Corp. *	180,000		53,498
Ve Wong Corp. *	61,000		51,865
Walsin Lihwa Corp.	1,814,000		899,948
Walsin Technology Corp.	259,000		191,171
Waterland Financial Holding Company	744,600		294,880
Wei Chih Steel Industrial Company, Ltd. *	100,000		33,105
Winbond Electronics Corp.	2,185,000		648,440
Wintek Corp.	468,000		425,235
WUS Printed Circuit Company, Ltd. *	225,000		65,325
Yageo Corp.	1,587,000		585,180
Yang Ming Marine Transport Corp.	840,662		663,926
Yi Jinn Industrial Company, Ltd. *	314,000		52,825
Yieh Phui Enterprise Company, Ltd.	718,940		348,333
Yosun Industrial Corp.	75,174		62,560
Yuen Foong Yu Paper Manufacturing
Company, Ltd.	667,610		301,185
Yulon Motor Company, Ltd.	501,355		730,218
Yungtay Engineering Company, Ltd.	177,000		165,536
Zig Sheng Industrial Company, Ltd.	203,600		54,626
			54,208,419
Thailand - 3.27%
Aapico Hitech PCL	120,600		42,134
Adkinson Securities PCL *	2,245,200		52,769
Asia Plus Securities PCL	440,200		46,697
Bangkok Aviation Fuel Services PCL	139,371		46,036
Bangkok Bank PCL, NVDR	1,131,100		4,871,109
Bangkok Expressway PCL	320,600		206,707
Bangkok Insurance PCL	1,500		13,340
Bangkok Land PCL *	6,345,600		139,065
Cal-Comp Electronics Thailand PCL	903,000		150,572
Capital Nomura Securities PCL	25,000		23,531
Charoen Pokphand Foods PCL	2,900,700		420,111
CS Loxinfo PCL	394,400		52,111
Delta Electronics Thailand PCL	293,600		196,759
Eastern Water Resources Development &
Management PCL	295,200		42,004
Golden Land Property PCL *	37,000		9,122
Hemaraj Land & Development PCL	4,907,500		202,628

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

72

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Thailand (continued)
Home Product Center PCL *	358,382	$	58,620
Jasmine International PCL *	5,110,500		45,448
KGI Securities Thailand PCL *	1,851,200		134,055
Kiatnakin Finance PCL	238,300		217,600
Krung Thai Bank PCL	4,227,200		1,356,034
Krungthai Card PCL	134,500		99,535
Loxley PCL *	1,513,100		112,455
MBK PCL	46,300		105,144
Nakornthai Strip Mill PCL *	12,761,300		109,435
National Finance PCL	874,200		430,367
Padaeng Industry PCL	79,100		84,889
Polyplex PCL	372,400		86,935
Power Line Engineering PCL	224,700		35,255
Pranda Jewelry PCL	214,300		54,451
PTT Chemical PCL	567,100		1,891,234
Quality House PCL	3,885,800		338,164
Regional Container Lines PCL	209,100		162,047
Robinson Department Store PCL	154,900		58,546
Saha-Union PCL	157,500		99,547
Sahaviriya Steel Industries PCL *	5,606,100		163,812
Samart Corp. PCL	158,500		38,763
Sansiri PCL	965,300		123,862
SC Asset Corp. PCL	168,200		78,531
Seamico Securities PCL *	416,000		42,016
Serm Suk PCL *	86,700		50,668
Shin Satellite PCL *	488,500		159,808
Siam Commercial Bank PCL	490,700		1,410,461
Sino Thai Engineering & Construction PCL *	314,900		49,408
Sri Trang Agro-Industry PCL	60,500		26,517
Supalai PCL	991,500		117,147
Tata Steel Thailand PCL	1,714,200		119,779
Thai Plastic & Chemical PCL	352,400		240,642
Thai Union Frozen Products PCL	312,600		199,564
Tipco Asphalt PCL	97,100		62,605
Tisco Bank PCL, NVDR *	54,700		51,014
TMB Bank PCL *	8,802,191		366,234
TPI Polene PCL	800,000		167,699
Vanachai Group PCL	672,300		73,454
			15,536,440
Turkey - 2.77%
Adana Cimento Sanayii TAS	137,502		66,208
Akenerji Elektrik Uretim AS *	28,238		182,625
Aksa Akrilik Kimya Sanayii AS	52,488		77,790
Aksigorta AS *	148,926		542,571
Alarko Holding AS	47,896		98,716
Alkim Alkali Kimya AS	9,413		54,902
Altinyildiz Mensucat ve Konfeksiyon
Fabrikalari AS *	14,167		61,254
Anadolu Cam Sanayii AS	84,287		167,345
Anadolu Isuzu Otomotiv Sanayi AS	6,122		41,346
Anadolu Sigorta AS	161,015		156,539
Ayen Enerji AS *	53,740		89,119
Aygaz AS	95,819		325,039
Bati Cimento AS	7,206		40,552
BatiSoke AS *	16,968		28,314
Bolu Cimento Sanayii AS *	79,896		109,892

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Turkey (continued)
Borusan Mannesmann Boru Sanayi AS	5,559	$	37,285
Bossa Ticaret ve Sanayi Isletmeleri TAS	57,084		52,344
Brisa Bridgestone Sabanci Lastik San ve Tic
AS	832		37,736
BSH Ev Aletleri Sanayi ve Ticaret AS	2,182		37,519
Cemtas Celik Makina Sanayi ve Ticaret AS *	67,700		79,736
Cimsa Cimento Sanayi ve Ticaret AS	47,762		238,493
Dogan Sirketler Grubu Holdings AS *	640,222		644,977
Dogus Otomotiv Servis ve Ticaret AS	48,187		186,297
Eczacibasi Ilac Sanayi AS *	54,563		148,087
Eczacibasi Yapi Gerecleri Sanayi ve Ticaret
AS *	33,480		62,924
Eregli Demir ve Celik Fabrikalari TAS	418,653		2,943,347
Gentas Genel Metal Sanayi ve Ticaret AS *	43,807		36,208
Global Yatirim Holding AS *	112,799		78,028
Goldas Kuyumculuk Sanayi AS *	54,846		81,404
Goodyear Lastikleri TAS *	2,606		22,295
GSD Holding AS *	219,149		199,902
Gunes Sigorta AS *	31,528		31,532
Hektas Ticaret TAS	57,406		48,368
Izmir Demir Celik Sanayi AS *	26,754		51,526
Kardemir Karabuk Demir Celik Sanayi ve
Ticaret AS *	137,304		136,249
Kartonsan Karton Sanayi ve Ticaret AS	1,065		37,646
Konya Cimento Sanayii AS	708		21,189
Kordsa Global Endustriyel Iplik ve Kord Bezi
Sanayi ve Ticaret Anonim Sirketi AS *	45,827		75,056
Marmaris Marti Otel Isletmeleri AS *	100,968		65,151
Menderes Tekstil Sanayi ve Ticaret AS *	126,375		36,846
Mutlu Aku ve Malzemeleri Sanayi AS *	28,331		39,902
Net Turizm Ticaret ve Sanayi AS *	98,338		55,637
Nortel Networks Netas Telekomunikasyon AS	3,939		43,981
Parsan Makina Parcalari Sanayii AS *	40,197		54,333
Pinar Entegre Et ve Un Sanayi AS	36,324		94,681
Pinar Sut Mamulleri Sanayii AS	25,633		110,366
Sanko Pazarlama Ithalat Ihracat AS *	20,076		37,130
Sarkuysan Elektrolitik Bakir AS	32,233		59,917
Tekstil Bankasi AS *	60,005		87,504
Trakya Cam Sanayi AS	194,949		245,820
Turk Sise ve Cam Fabrikalari AS	405,141		500,550
Turkiye Is Bankasi AS	1,093,142		4,067,267
Ulker Gida Sanayi ve Ticaret AS	26,738		53,272
Usas Ucak Servisi AS	27,986		29,837
Uzel Makina Sanayii AS *	20,846		15,635
Uzel Makina Sanayii AS *	2,085		834
Vestel Elektronik Sanayi ve Tracaret AS *	71,840		89,609
Zorlu Enerji Elektrik Uretim AS *	33,714		111,264
			13,129,896
TOTAL COMMON STOCKS (Cost $449,656,215)		$	447,032,497
PREFERRED STOCKS - 5.23%
Brazil - 5.23%
ArcelorMittal Inox Brasil SA	4,500		242,093
Bardella SA Industrias Mecanicas *	916		101,299
Centrais Eletricas de Santa Catarina SA,
Series B *	19,800		487,468

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

73

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS (continued)
Brazil (continued)
Companhia de Tecidos Norte de Minas SA *	5,000	$	24,506
Confab Industrial SA *	54,200		156,296
Fabrica de Produtos Alimenticios Vigor SA *	96,000		185,467
Marcopolo SA *	103,400		338,833
Metalurgica Gerdau SA	166,300		6,927,982
Petroquimica Uniao SA	7,000		57,326
Suzano Papel e Celulose SA *	137,900		2,081,821
Suzano Petroquimica SA *	99,554		602,532
Telemar Norte Leste SA, Series A *	100,000		5,186,072
Uniao de Industrias Petroquimicas SA, Series
B	358,000		316,236
Usinas Siderurgicas de Minas Gerais SA,
Series A	145,200		8,142,520
			24,850,451
TOTAL PREFERRED STOCKS (Cost $15,976,691)		$	24,850,451
WARRANTS - 0.01%
Hong Kong - 0.00%
HKC Holdings, Ltd.
(Expiration Date 11/30/2009, Strike
Price HKD 2.05) *	74,800		2,191
India - 0.00%
Cholamandalam DBS Finance, Ltd.
(Expiration Date 05/06/2009) *	4,517		4,915
Indonesia - 0.00%
Summarecon Agung Tbk PT
(Expiration Date 06/21/2010, Strike
Price IDR 1,100.00) *	16,708		218
Malaysia - 0.01%
Bandar Raya Developments BHD
(Expiration Date 09/26/2012, Strike
Price MYR 1.10) *	108,360		32,523
TOTAL WARRANTS (Cost $3,144)		$	39,847
RIGHTS - 0.02%
India - 0.01%
Indian Hotels Company, Ltd. (Expiration Date
04/24/2008, Strike Price INR 100.00) *	87,258		69,271
Indonesia - 0.01%
Bakrie and Brothers Tbk PT (Expiration Date
04/15/2008, Strike Price IDR 500.00) *	31,814,650		34,562
Poland - 0.00%
Krosno SA (Strike Price PLN 0.50) *	24,403		12,064
TOTAL RIGHTS (Cost $0)		$	115,897

Emerging Markets Value Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.34%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$1,602,071 on 04/01/2008,
collateralized by $1,650,000
Federal Home Loan Mortgage
Corp., 1.00% due 07/11/2022
(valued at $1,641,251, including
interest)	$	1,602,000	$	1,602,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,602,000)			$	1,602,000
Total Investments (Emerging Markets Value Trust)
(Cost $467,238,050) - 99.75%			$	473,640,692
Other Assets in Excess of Liabilities - 0.25%				1,181,335
TOTAL NET ASSETS - 100.00%			$	474,822,027

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Banking	12.47%
Automobiles	5.67%
Steel	5.44%
Food & Beverages	5.28%
International Oil	4.92%

Emerging Small Company Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 95.90%
Advertising - 1.22%
inVentiv Health, Inc. *	76,394	$	2,200,911
Aerospace - 2.88%
BE Aerospace, Inc. *	76,589		2,676,785
Triumph Group, Inc. (a)	44,220		2,517,445
			5,194,230
Air Travel - 1.21%
Allegiant Travel Company *	45,955		1,214,131
Flughafen Wien AG	8,070		973,118
			2,187,249
Apparel & Textiles - 5.18%
Crocs, Inc. * (a)	98,775		1,725,599
Deckers Outdoor Corp. *	8,866		955,932
G & K Services, Class A	35,440		1,262,019
Iconix Brand Group, Inc. *	70,258		1,218,976
Lululemon Athletica, Inc. * (a)	29,000		824,470
The Gymboree Corp. *	43,273		1,725,727
The Warnaco Group, Inc. *	41,500		1,636,760
			9,349,483
Auto Parts - 0.90%
LKQ Corp. *	72,691		1,633,367
Auto Services - 0.59%
Sixt AG	23,800		1,061,406

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

74

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking - 3.72%
East West Bancorp, Inc. (a)	63,721	$	1,131,048
Prosperity Bancshares, Inc.	51,360		1,471,978
Signature Bank *	42,825		1,092,037
United Community Banks, Inc. (a)	86,160		1,462,997
Virginia Commerce Bancorp, Inc. * (a)	136,588		1,568,030
			6,726,090
Biotechnology - 2.79%
Applera Corp. - Celera Genomics Group *	133,667		1,964,905
Illumina, Inc. *	31,406		2,383,715
Immucor, Inc. *	32,713		698,096
			5,046,716
Broadcasting - 1.12%
Sinclair Broadcast Group, Inc., Class A (a)	227,315		2,025,377
Building Materials & Construction - 0.51%
Carillion PLC	117,360		920,872
Business Services - 3.62%
FactSet Research Systems, Inc.	32,364		1,743,449
Kendle International, Inc. * (a)	36,570		1,642,724
Stanley, Inc. *	54,537		1,606,660
Watson Wyatt Worldwide, Inc., Class A	27,142		1,540,309
			6,533,142
Cable & Television - 1.99%
Central European Media Enterprises, Ltd.,
Class A *	24,218		2,064,100
Time Warner Telecom, Inc., Class A *	98,646		1,528,027
			3,592,127
Chemicals - 0.77%
Zoltek Companies, Inc. * (a)	52,312		1,387,314
Commercial Services - 1.95%
HMS Holdings Corp. *	77,545		2,213,910
Live Nation, Inc. * (a)	107,185		1,300,154
			3,514,064
Computers & Business Equipment - 2.33%
Blue Coat Systems, Inc. *	29,525		650,731
MICROS Systems, Inc. *	80,025		2,693,641
Synaptics, Inc. * (a)	35,960		858,725
			4,203,097
Correctional Facilities - 1.10%
The Geo Group, Inc. *	69,595		1,979,282
Cosmetics & Toiletries - 1.14%
Bare Escentuals, Inc. * (a)	47,415		1,110,459
Chattem, Inc. * (a)	14,300		948,662
			2,059,121
Crude Petroleum & Natural Gas - 6.57%
Arena Resources, Inc. *	57,090		2,209,954
Carrizo Oil & Gas, Inc. *	48,920		2,899,488
Concho Resources, Inc. *	129,840		3,329,098
Dana Petroleum PLC *	42,930		1,074,040
JKX Oil & Gas PLC	102,065		892,113
Penn Virginia Corp.	33,200		1,463,788
			11,868,481

Emerging Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Drugs & Health Care - 0.83%
Luminex Corp. * (a)	76,290	$	1,499,098
Educational Services - 0.73%
Capella Education Company *	24,175		1,319,955
Electrical Equipment - 0.92%
Baldor Electric Company	59,435		1,664,180
Electronics - 0.85%
DRS Technologies, Inc.	26,508		1,544,886
Financial Services - 5.37%
Affiliated Managers Group, Inc. * (a)	46,019		4,175,764
GFI Group, Inc. *	27,160		1,556,268
Intermediate Capital Group PLC	32,470		1,007,715
optionsXpress Holdings, Inc.	62,800		1,300,588
Stifel Financial Corp. * (a)	36,990		1,660,851
			9,701,186
Food & Beverages - 1.73%
Hansen Natural Corp. *	58,520		2,065,756
Sligro Food Group NV	26,850		1,050,830
			3,116,586
Healthcare Products - 6.25%
Conceptus, Inc. * (a)	83,285		1,545,770
Herbalife, Ltd.	36,505		1,733,987
Hologic, Inc. *	18,530		1,030,268
Inverness Medical Innovations, Inc. *	36,564		1,100,576
LifeCell Corp. *	31,795		1,336,344
PSS World Medical, Inc. *	104,984		1,749,033
Volcano Corp. *	86,667		1,083,338
Wright Medical Group, Inc. *	70,355		1,698,370
			11,277,686
Healthcare Services - 3.92%
Amedisys, Inc. *	37,040		1,457,153
ICON PLC, SADR *	26,421		1,714,459
Psychiatric Solutions, Inc. *	75,140		2,548,749
Sun Healthcare Group, Inc. *	103,055		1,354,143
			7,074,504
Industrials - 1.06%
Clean Harbors, Inc. *	29,435		1,913,275
Insurance - 1.42%
Castlepoint Holdings, Ltd.	130,715		1,271,857
Tower Group, Inc.	51,550		1,297,513
			2,569,370
Internet Software - 0.86%
DealerTrack Holdings, Inc. *	77,012		1,557,183
Leisure Time - 1.46%
Life Time Fitness, Inc. * (a)	46,370		1,447,208
WMS Industries, Inc. *	32,862		1,182,046
			2,629,254
Liquor - 2.46%
Central European Distribution Corp. * (a)	76,291		4,439,373
Manufacturing - 0.71%
Barnes Group, Inc.	55,847		1,281,689

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

75

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Metal & Metal Products - 0.53%
Horsehead Holding Corp. * (a)	82,050	$	950,139
Petroleum Services - 4.26%
Core Laboratories N.V. *	25,453		3,036,543
GulfMark Offshore, Inc. *	43,926		2,403,631
Superior Energy Services, Inc. *	56,920		2,255,170
			7,695,344
Pharmaceuticals - 2.16%
American Oriental Bioengineering, Inc. * (a)	159,090		1,288,629
Eurand NV * (a)	95,656		1,447,275
United Therapeutics Corp. *	13,489		1,169,496
			3,905,400
Real Estate - 3.15%
BioMed Realty Trust, Inc., REIT	82,830		1,978,809
Gafisa S.A., SADR *	59,620		1,988,923
Sunstone Hotel Investors, Inc., REIT	107,745		1,724,997
			5,692,729
Retail Trade - 0.82%
Dollar Tree, Inc. *	53,635		1,479,790
Semiconductors - 4.74%
Emulex Corp. *	67,815		1,101,316
FormFactor, Inc. *	61,940		1,183,054
Monolithic Power Systems, Inc. *	64,460		1,136,430
ON Semiconductor Corp. *	168,065		954,609
Varian Semiconductor Equipment
Associates, Inc. *	73,573		2,071,080
Verigy, Ltd. *	112,148		2,112,868
			8,559,357
Software - 6.34%
Nuance Communications, Inc. * (a)	94,655		1,647,943
Omniture, Inc. * (a)	53,460		1,240,807
Progress Software Corp. *	40,967		1,225,733
Solera Holdings, Inc. *	107,022		2,607,056
Sybase, Inc. *	65,525		1,723,307
Synchronoss Technologies, Inc. * (a)	44,425		889,833
Taleo Corp. *	50,895		987,363
Ultimate Software Group, Inc. *	37,301		1,121,268
			11,443,310
Telecommunications Equipment &
Services - 3.23%
Comtech Telecommunications Corp. *	37,001		1,443,039
NTELOS Holdings Corp.	116,398		2,816,832
PAETEC Holding Corp. * (a)	236,646		1,576,062
			5,835,933
Telephone - 0.82%
Centennial Communications Corp., Class A *	251,129		1,484,172
Transportation - 0.68%
Bristow Group, Inc. *	22,893		1,228,667
Trucking & Freight - 1.01%
Old Dominion Freight Lines, Inc. *	57,087		1,817,079
TOTAL COMMON STOCKS (Cost $176,397,202)		$	173,162,474

Emerging Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 21.00%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	37,920,992	$	37,920,992
TOTAL SHORT TERM INVESTMENTS
(Cost $37,920,992)			$	37,920,992
REPURCHASE AGREEMENTS - 2.15%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$3,888,173 on 04/01/2008,
collateralized by $3,800,000
Federal National Mortgage
Association, 5.40% due
12/14/2022 (valued at $3,966,250,
including interest)	$	3,888,000	$	3,888,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,888,000)			$	3,888,000
Total Investments (Emerging Small Company Trust)
(Cost $218,206,194) - 119.05%			$	214,971,466
Liabilities in Excess of Other Assets - (19.05)%				(34,401,210)
TOTAL NET ASSETS - 100.00%			$	180,570,256
Equity-Income Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.18%
Air Travel - 0.31%
Southwest Airlines Company		543,000	$	6,733,200
Aluminum - 0.51%
Alcoa, Inc.		305,400		11,012,724
Auto Parts - 0.51%
Genuine Parts Company		275,500		11,080,610
Automobiles - 0.21%
Ford Motor Company * (a)		801,100		4,582,292
Banking - 5.92%
Allied Irish Banks PLC-Sponsored ADR		92,100		3,976,878
Bank of America Corp.		180,800		6,854,128
Bank of New York Mellon Corp.		651,300		27,178,749
Fifth Third Bancorp		712,700		14,909,684
KeyCorp		457,400		10,039,930
National City Corp.		354,400		3,526,280
Royal Bank of Scotland Group PLC		800,000		5,359,348
SunTrust Banks, Inc.		490,600		27,051,684
U.S. Bancorp		903,800		29,246,968
				128,143,649
Biotechnology - 0.85%
Amgen, Inc. *		439,400		18,358,132
Broadcasting - 0.63%
CBS Corp., Class B		615,450		13,589,136
Building Materials & Construction - 0.78%
Masco Corp.		853,300		16,920,939

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

76

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 1.56%
Automatic Data Processing, Inc.	51,200	$	2,170,368
Computer Sciences Corp. *	201,600		8,223,264
Electronic Data Systems Corp.	337,700		5,622,705
H & R Block, Inc.	852,900		17,706,204
			33,722,541
Cable & Television - 1.69%
Cablevision Systems Corp., Class A *	381,200		8,169,116
Comcast Corp., Class A	334,300		6,465,362
Time Warner, Inc.	1,567,500		21,976,350
			36,610,828
Cellular Communications - 0.42%
Motorola, Inc.	973,300		9,051,690
Chemicals - 1.00%
E.I. Du Pont de Nemours & Company	465,100		21,748,076
Computers & Business Equipment - 0.95%
Cisco Systems, Inc. *	129,900		3,129,291
Dell, Inc. *	878,800		17,505,696
			20,634,987
Construction Materials - 1.21%
USG Corp. * (a)	308,000		11,340,560
Vulcan Materials Company (a)	225,200		14,953,280
			26,293,840
Cosmetics & Toiletries - 3.72%
Avon Products, Inc.	433,400		17,136,636
Colgate-Palmolive Company	127,100		9,902,361
International Flavors & Fragrances, Inc.	412,000		18,148,600
Kimberly-Clark Corp.	214,300		13,833,065
Procter & Gamble Company	308,000		21,581,560
			80,602,222
Crude Petroleum & Natural Gas - 0.97%
Hess Corp.	237,500		20,942,750
Drugs & Health Care - 0.94%
Wyeth	487,700		20,366,352
Electrical Equipment - 0.44%
Cooper Industries, Ltd., Class A	239,000		9,595,850
Electrical Utilities - 2.57%
Entergy Corp.	154,900		16,896,492
FirstEnergy Corp.	194,400		13,339,728
Pinnacle West Capital Corp.	227,100		7,966,668
Teco Energy, Inc.	278,400		4,440,480
Xcel Energy, Inc.	657,200		13,111,140
			55,754,508
Electronics - 0.15%
Harman International Industries, Inc.	76,400		3,326,456
Energy - 1.28%
Duke Energy Corp.	761,700		13,596,345
Progress Energy, Inc.	340,900		14,215,530
			27,811,875
Financial Services - 8.87%
Capital One Financial Corp.	352,800		17,364,816
Citigroup, Inc.	630,800		13,511,736

Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Countrywide Financial Corp. (a)	479,200	$	2,635,600
Federal National Mortgage Association	846,400		22,277,248
JP Morgan Chase & Company	1,325,000		56,908,750
Legg Mason, Inc.	255,700		14,314,086
Merrill Lynch & Company, Inc.	508,400		20,712,216
SLM Corp. *	851,900		13,076,665
UBS AG	410,000		11,938,403
Wells Fargo & Company	666,900		19,406,790
			192,146,310
Food & Beverages - 3.83%
Campbell Soup Company	201,600		6,844,320
General Mills, Inc.	356,500		21,347,220
Hershey Company	771,000		29,043,570
Kraft Foods, Inc., Class A	455,700		14,131,257
McCormick & Company, Inc.	265,300		9,808,141
The Coca-Cola Company	28,300		1,722,621
			82,897,129
Gas & Pipeline Utilities - 1.23%
NiSource, Inc.	1,014,300		17,486,532
Spectra Energy Corp.	406,850		9,255,837
			26,742,369
Healthcare Products - 1.30%
Johnson & Johnson	433,600		28,127,632
Holdings Companies/Conglomerates - 3.52%
General Electric Company	2,059,800		76,233,198
Homebuilders - 0.45%
D.R. Horton, Inc.	615,100		9,687,825
Household Appliances - 0.93%
Black & Decker Corp.	102,700		6,788,470
Whirlpool Corp.	154,000		13,364,120
			20,152,590
Household Products - 1.66%
Fortune Brands, Inc.	259,800		18,056,100
Newell Rubbermaid, Inc.	786,900		17,996,403
			36,052,503
Insurance - 5.28%
American International Group, Inc.	519,600		22,472,700
Chubb Corp.	198,000		9,797,040
Genworth Financial, Inc., Class A	381,800		8,643,952
Lincoln National Corp.	387,600		20,155,200
Marsh & McLennan Companies, Inc.	1,195,200		29,103,120
Progressive Corp.	584,800		9,397,736
The Travelers Companies, Inc.	307,400		14,709,090
			114,278,838
International Oil - 9.64%
Anadarko Petroleum Corp.	377,200		23,774,916
BP PLC, SADR	294,400		17,855,360
Chevron Corp.	623,500		53,221,960
Exxon Mobil Corp.	623,500		52,735,630
Murphy Oil Corp.	310,100		25,471,614
Royal Dutch Shell PLC, ADR	516,900		35,655,762
			208,715,242

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

77

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Content - 0.96%
Yahoo!, Inc. *	718,700	$	20,791,991
Internet Retail - 0.35%
eBay, Inc. *	256,900		7,665,896
Leisure Time - 0.96%
Walt Disney Company	660,300		20,720,214
Liquor - 0.96%
Anheuser-Busch Companies, Inc.	436,000		20,688,200
Manufacturing - 3.83%
3M Company	365,200		28,905,580
Harley-Davidson, Inc.	305,000		11,437,500
Honeywell International, Inc.	355,000		20,029,100
Illinois Tool Works, Inc.	467,600		22,552,348
			82,924,528
Office Furnishings & Supplies - 0.91%
Avery Dennison Corp.	398,100		19,606,425
Paper - 1.86%
International Paper Company	1,027,400		27,945,280
MeadWestvaco Corp.	453,100		12,333,382
			40,278,662
Petroleum Services - 1.25%
BJ Services Company	405,000		11,546,550
Schlumberger, Ltd.	178,100		15,494,700
			27,041,250
Pharmaceuticals - 4.80%
Abbott Laboratories	254,400		14,030,160
Bristol-Myers Squibb Company	683,500		14,558,550
Eli Lilly & Company	594,400		30,665,096
Merck & Company, Inc.	539,000		20,455,050
Pfizer, Inc.	1,163,000		24,341,590
			104,050,446
Photography - 0.55%
Eastman Kodak Company (a)	671,900		11,872,473
Publishing - 2.51%
Gannett Company, Inc.	613,400		17,819,270
McGraw-Hill Companies, Inc.	564,200		20,847,190
The New York Times Company, Class A (a)	832,100		15,710,048
			54,376,508
Railroads & Equipment - 0.18%
Union Pacific Corp.	31,000		3,886,780
Retail Trade - 3.30%
Bed Bath & Beyond, Inc. *	594,900		17,549,550
Home Depot, Inc.	909,300		25,433,121
Macy's, Inc.	102,300		2,359,038
Tiffany & Company	102,800		4,301,152
Wal-Mart Stores, Inc.	415,700		21,899,076
			71,541,937
Sanitary Services - 0.59%
Waste Management, Inc.	378,500		12,702,460
Semiconductors - 1.63%
Analog Devices, Inc.	542,800		16,023,456
Applied Materials, Inc.	411,100		8,020,561

Equity-Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Intel Corp.		535,200	$	11,335,536
				35,379,553
Software - 1.42%
Microsoft Corp.		1,082,900		30,732,702
Telecommunications Equipment &
Services - 1.28%
Alcatel-Lucent, SADR		1,350,900		7,781,184
Verizon Communications, Inc.		547,700		19,963,665
				27,744,849
Telephone - 3.12%
AT&T, Inc.		1,261,949		48,332,647
Qwest Communications International, Inc. (a)		2,316,100		10,491,933
Sprint Nextel Corp.		1,299,000		8,690,310
				67,514,890
Tobacco - 0.45%
UST, Inc.		179,500		9,786,340
Toys, Amusements & Sporting Goods - 0.60%
Mattel, Inc.		654,800		13,030,520
Trucking & Freight - 0.34%
United Parcel Service, Inc., Class B		101,300		7,396,926
TOTAL COMMON STOCKS (Cost $2,011,983,520)			$	2,061,649,843
PREFERRED STOCKS - 0.38%
Financial Services - 0.38%
Merrill Lynch & Company, Inc.		103		8,124,367
TOTAL PREFERRED STOCKS (Cost $10,300,000)			$	8,124,367
CONVERTIBLE BONDS - 0.12%
Automobiles - 0.12%
Ford Motor Company
4.25% due 12/15/2036		3,123,000		2,677,973
TOTAL CONVERTIBLE BONDS (Cost $3,123,000)			$	2,677,973
SHORT TERM INVESTMENTS - 7.05%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	66,934,404	$	66,934,404
T. Rowe Price Reserve Investment Fund		85,714,432		85,714,434
TOTAL SHORT TERM INVESTMENTS
(Cost $152,648,838)			$	152,648,838

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

78

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Equity-Income Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.09%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$2,000,089 on 04/01/2008,
collateralized by $2,060,000
Federal Home Loan Mortgage
Corp., 1.00% due 07/11/2022
(valued at $2,044,550, including
interest)	$	2,000,000	$	2,000,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,000,000)			$	2,000,000
Total Investments (Equity-Income Trust)
(Cost $2,180,055,358) - 102.82%			$	2,227,101,021
Liabilities in Excess of Other Assets - (2.82)%				(61,021,463)
TOTAL NET ASSETS - 100.00%			$	2,166,079,558
Financial Services Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.62%
Banking - 10.96%
Bank of New York Mellon Corp.		141,800	$	5,917,314
ICICI Bank, Ltd., SADR		12,900		492,651
State Bank of India GDR		73,118		6,475,143
				12,885,108
Business Services - 11.34%
Dun & Bradstreet Corp.		69,300		5,639,634
H & R Block, Inc.		135,200		2,806,752
Moody's Corp. (a)		140,500		4,893,615
				13,340,001
Containers & Glass - 2.94%
Sealed Air Corp.		137,000		3,459,250
Financial Services - 30.53%
American Express Company		288,800		12,626,336
Ameriprise Financial, Inc.		58,440		3,030,114
Goldman Sachs Group, Inc.		6,300		1,041,957
JP Morgan Chase & Company		150,948		6,483,217
Merrill Lynch & Company, Inc.		104,100		4,241,034
T. Rowe Price Group, Inc.		23,300		1,165,000
The First Marblehead Corp. (a)		216,750		1,616,955
Visa, Inc. *		27,000		1,683,720
Wells Fargo & Company		138,100		4,018,710
				35,907,043
Holdings Companies/Conglomerates - 8.13%
Loews Corp.		217,600		8,751,872
RHJ International *		71,525		804,398
				9,556,270
Insurance - 26.33%
Ambac Financial Group, Inc.		27,000		155,250
American International Group, Inc.		130,300		5,635,475
China Life Insurance Company, Ltd., SADR		52,764		2,746,894
Everest Re Group, Ltd.		36,300		3,249,939

Financial Services Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
FPIC Insurance Group, Inc. *		53,634	$	2,528,306
Markel Corp. *		14,400		6,335,568
MBIA, Inc. (a)		75,600		923,832
Progressive Corp.		204,100		3,279,887
Transatlantic Holdings, Inc.		92,237		6,119,925
				30,975,076
International Oil - 5.47%
Canadian Natural Resources, Ltd.		94,200		6,430,092
Investment Companies - 0.92%
Oaktree Capital Group, LLC *		39,500		1,086,250
TOTAL COMMON STOCKS (Cost $107,258,978)			$	113,639,090
SHORT TERM INVESTMENTS - 9.10%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	6,696,530	$	6,696,530
UBS Finance Delaware LLC
zero coupon due 04/01/2008		4,010,000		4,010,000
TOTAL SHORT TERM INVESTMENTS
(Cost $10,706,530)			$	10,706,530
Total Investments (Financial Services Trust)
(Cost $117,965,508) - 105.72%			$	124,345,620
Liabilities in Excess of Other Assets - (5.72)%				(6,722,960)
TOTAL NET ASSETS - 100.00%			$	117,622,660
Floating Rate Income Trust
		Shares or
		Principal
		Amount		Value
TERM LOANS - 79.99%
Aerospace - 0.58%
Dubai Aerospace Enterprises
8.45% due 07/26/2008 (b)	$	2,000,000	$	1,996,250
Air Travel - 1.19%
Hawker Beechcraft Corp., Inc.
7.40% due 03/26/2014 (b)		4,386,394		4,123,210
Airlines - 1.67%
Delta Air Lines, Inc., 2nd Lien
8.7194% due 04/30/2014 (b)		3,000,000		2,380,710
Delta Air Lines, Inc., Tranche A
6.377% due 04/30/2012 (b)		1,492,462		1,290,980
United Air Lines, Inc., Tranche B
7.4521% due 01/12/2014 (b)		2,737,800		2,130,501
				5,802,191
Amusement & Theme Parks - 0.94%
Cedar Fair LP, Tranche B
8.00% due 06/13/2012 (b)		3,500,000		3,243,817
Apparel & Textiles - 0.60%
Hanes Brands, Inc., Tranche B
7.65% due 10/15/2013 (b)		1,250,000		1,192,969
Iconix, Tranche B
7.60% due 05/01/2014 (b)		943,021		877,009
				2,069,978

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

79

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Floating Rate Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Auto Parts - 1.38%
Allison Transmission, Inc., Tranche B
8.45% due 08/07/2014 (b)	$	3,350,938	$	2,953,031
TRW Automotive, Inc., Tranche B
4.32% due 05/09/2014 (b)		1,952,594		1,834,833
				4,787,864
Auto Services - 1.40%
Hertz Corp.
6.75% due 01/21/2012 (b)		5,219,769		4,865,269
Automobiles - 1.78%
Adesa, Inc., Tranche B
7.60% due 09/22/2013 (b)		4,000,000		3,525,000
General Motors Corp., Tranche B
7.40% due 12/15/2013 (b)		3,000,000		2,637,495
				6,162,495
Broadcasting - 0.99%
Citadel Broadcasting Corp., Tranche B
6.86% due 06/12/2014 (b)		2,775,000		2,275,500
CMP Susquehanna Corp.
7.40% due 06/07/2013 (b)		1,496,050		1,151,958
				3,427,458
Building Materials & Construction - 2.30%
Nortek Holdings, Inc., Tranche B
4.25% due 11/27/2011 (b)		2,194,315		1,904,666
Sunguard Homes, Tranche B
6.15% due 08/15/2012 (b)		6,500,000		6,063,005
				7,967,671
Cable & Television - 7.52%
Cablevision Systems Corp., Tranche B
6.45% due 03/30/2013 (b)		6,875,000		6,435,275
Charter Communications, Inc., Tranche B
7.4521% due 03/15/2014 (b)		3,375,000		2,889,000
Charter Communications, Inc., Tranche B2
7.8675% due 03/06/2014 (b)		5,062,500		4,333,500
Insight Midwest Holdings LLC, Tranche B
7.65% due 04/10/2014 (b)		3,250,000		2,957,500
Lodgenet Entertainment Corp., Tranche B
7.4521% due 04/04/2014 (b)		3,238,750		2,692,211
Univision Communications, Inc., Tranche B
7.60% due 09/15/2014 (b)		4,625,000		3,668,689
UPC
7.10% due 03/30/2014 (b)		3,500,000		3,097,500
				26,073,675
Cellular Communications - 1.49%
ALLTEL Communications, Inc., Tranche B2
5.08% due 05/15/2015 (b)		1,000,000		901,750
ALLTEL Wireless Corp., Tranche B3
7.5468% due 11/15/2014 (b)		3,500,000		3,172,242
Centennial Cellular, Tranche B
7.5545% due 02/09/2011 (b)		1,140,067		1,090,189
				5,164,181
Commercial Services - 3.62%
Acosta, Tranche B
8.25% due 08/15/2013 (b)		2,244,333		1,989,040
Allied Waste Industries, Inc., Tranche B
5.00% due 03/25/2012 (b)		3,668,914		3,490,329

Floating Rate Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Commercial Services (continued)
Asurion Corp. Tranche B
7.466% due 07/02/2014 (b)	$	2,250,000	$	1,914,379
Dyncorp International, Inc., Tranche B
5.54% due 02/01/2011 (b)		2,500,000		2,350,000
US Investigations Services, Inc., Tranche B
8.20% due 02/21/2015 (b)		1,745,603		1,496,854
West Corp., Tranche B
8.15% due 10/01/2013 (b)		1,497,481		1,308,050
				12,548,652
Containers & Glass - 3.53%
Berry Plastics Holding Corp., Tranche B
7.35% due 04/03/2015 (b)		3,989,924		3,391,456
Graham Packaging Company, Inc.
7.7056% due 10/07/2011 (b)		4,486,184		4,228,228
Graphic Packaging, Inc., Tranche B
7.35% due 05/03/2014 (b)		3,150,000		2,805,248
Graphic Packaging, Inc., Tranche C
5.45% due 05/16/2014 (b)		2,000,000		1,820,000
				12,244,932
Cosmetics & Toiletries - 0.74%
Sally Holdings LLC, Tranche B
7.90% due 11/15/2013 (b)		2,750,000		2,556,648
Data Processing & Management - 1.72%
First Data Corp., Tranche B2
8.0908% due 10/15/2014 (b)		6,250,000		5,960,938
Educational Services - 1.11%
Education Management, Tranche C
7.66% due 06/12/2013 (b)		1,459,812		1,275,511
Thomson Learning Holdings, Tranche B
8.50% due 11/05/2014 (b)		3,000,000		2,580,000
				3,855,511
Electrical Utilities - 5.61%
Calpine Corp.
8.60% due 03/29/2009 (b)		6,000,000		5,265,690
Energy Future Holdings Corp., Tranche B3
8.50% due 10/10/2014 (b)		6,500,000		5,907,817
Meg Energy, Tranche B
6.99% due 04/15/2013 (b)		2,000,000		1,806,670
NRG Energy, Inc., Tranche B
4.20% due 02/01/2013 (b)		1,000,000		916,945
7.10% due 02/01/2013 (b)		5,875,000		5,563,390
				19,460,512
Energy - 1.40%
Bran D Energy Services, Tranche B
7.65% due 02/07/2014 (b)		2,482,481		2,110,109
TXU Energy, Tranche B2
8.50% due 10/10/2014 (b)		3,000,000		2,737,350
				4,847,459
Financial Services - 0.42%
Chrysler Financial, Tranche B
9.35% due 08/03/2012 (b)		1,745,614		1,455,720
Food & Beverages - 3.24%
Aramark Corp.
6.705% due 01/31/2014 (b)		4,854,874		4,537,147

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

80

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Floating Rate Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Food & Beverages (continued)
Bolthouse Farms, Inc., Tranche B
6.59% due 12/16/2012 (b)	$	3,500,000	$	3,294,375
Dole Food Company, Inc., Letter of Credit
6.75% due 04/12/2013 (b)		3,990,784		3,416,111
				11,247,633
Healthcare Products - 1.25%
Bausch & Lomb, Inc., Tranche B
8.25% due 04/11/2015 (b)		3,500,000		3,407,477
Hanger Orthopedic Group, Inc., Tranche B
7.70% due 07/15/2014		997,462		935,121
				4,342,598
Healthcare Services - 2.85%
DaVita, Tranche B1
6.80% due 03/15/2014 (b)		6,500,000		6,114,647
Select Medical Corp., Tranche B
4.63% due 02/24/2012 (b)		4,250,000		3,754,875
				9,869,522
Hotels & Restaurants - 0.52%
QUIZNO'S Corp.
7.35% due 05/05/2012 (b)		2,000,000		1,805,000
Industrial Machinery - 0.31%
Nacco, Tranche B
6.90% due 03/21/2013 (b)		1,245,707		1,071,308
Leisure Time - 5.53%
CCM Merger, Inc., Tranche B
5.65% due 07/21/2012 (b)		3,740,388		3,328,946
Golden Nugget, Inc., Tranche B
7.35% due 06/14/2014 (b)		2,750,000		2,344,375
Harrah's Operating Company, Inc., Tranche B2
6.162% due 02/28/2015 (b)		5,000,000		4,593,050
Las Vegas Sands LLC, Tranche B
7.1986% due 05/08/2014 (b)		2,993,888		2,664,560
Oceania Cruises, Inc., Tranche B
7.60% due 05/01/2014 (b)		1,495,822		1,406,072
Tropicana Entertainment, Tranche B
7.86% due 12/15/2011 (b)		1,750,000		1,667,190
Venetian Macau
7.60% due 04/01/2013 (b)		500,000		452,563
Venetian Macau, Tranche B
7.75% due 04/01/2013 (b)		2,655,000		2,399,470
Venetian Macau, Tranche Delayed Draw
1.375% due 04/01/2013 (b)		345,000		311,795
				19,168,021
Medical-Hospitals - 7.63%
Community Health Systems, Inc., Tranche B
7.6143% due 07/02/2014 (b)		7,870,914		7,272,173
HCA, Inc., Tranche B
8.15% due 11/01/2013 (b)		8,000,000		7,375,000
Health Management Associates, Inc., Tranche B
7.15% due 01/16/2014 (b)		4,415,365		3,815,979
HVHC, Inc., Tranche B
7.8576% due 08/15/2013 (b)		1,949,194		1,749,401
Iasis Healthcare Corp., Tranche B
7.35% due 05/01/2014 (b)		3,738,197		3,392,414

Floating Rate Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Medical-Hospitals (continued)
Vanguard Health Holdings, Tranche B
6.409% due 05/18/2011 (b)	$	3,197,193	$	2,845,502
				26,450,469
Oil & Gas Drilling - 0.88%
Ashmore Energy International, Tranche B
8.35% due 05/30/2014 (b)		3,590,541		3,051,960
Paper - 2.51%
Georgia Pacific LLC, Tranche B1
6.75% due 12/23/2013 (b)		3,234,056		2,996,644
6.75% due 12/23/2013 (b)		3,000,000		2,779,770
NewPage Corp., Tranche B
8.90% due 11/05/2014 (b)		2,992,500		2,942,002
				8,718,416
Pipelines - 0.79%
Dynegy Holdings, Inc.
6.633% due 04/02/2013 (b)		2,999,898		2,736,657
Publishing - 3.86%
Idearc, Inc., Tranche B
7.4825% due 11/01/2014 (b)		4,250,000		3,445,178
Nielsen Finance, Tranche B
8.25% due 08/15/2013 (b)		3,000,000		2,715,000
Quebecor World, Inc.
8.25% due 07/17/2009 (b)		3,000,000		2,760,000
Quebecor World, Inc., Tranche B
6.50% due 01/17/2013 (b)		2,420,000		2,226,400
Tribune Company
7.426% due 05/17/2009 (b)		2,500,000		2,225,000
				13,371,578
Retail Trade - 5.17%
Amscan Holdings, Inc., Tranche B
7.61% due 05/01/2013 (b)		2,250,000		1,946,250
Dollar General Corp., Tranche B
7.7056% due 07/15/2014 (b)		2,500,000		2,221,012
General Nutrition Center, Tranche B
7.60% due 09/06/2013 (b)		3,250,000		2,689,375
Michaels Stores, Inc., Tranche B
7.7056% due 10/31/2013 (b)		4,493,333		3,788,756
Neiman Marcus Group, Inc., Tranche B
6.9469% due 03/13/2013 (b)		4,444,036		4,133,398
Petco Animal Supplies, Inc., Tranche B
8.15% due 11/15/2013 (b)		3,500,000		3,136,000
				17,914,791
Semiconductors - 0.83%
Freescale Semiconductor, Inc., Tranche B
7.37% due 12/01/2013 (b)		3,491,162		2,862,753
Telecommunications Equipment &
Services - 3.71%
Level 3 Communications, Inc., Tranche B
7.65% due 03/01/2014 (b)		4,000,000		3,446,660
Panamsat Corp., Tranche B
8.00% due 06/30/2013 (b)		5,000,000		4,587,500
Telesat Canada, Tranche B
8.20% due 10/15/2014 (b)		2,750,000		2,559,219

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

81

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Floating Rate Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Telecommunications Equipment &
Services (continued)
Virgin Media Tranche B4
7.50% due 01/15/2014 (b)	$	2,500,000	$	2,250,000
				12,843,379
Telephone - 0.92%
Windstream Corp., Tranche B
4.57% due 07/17/2013 (b)		3,300,000		3,176,250
TOTAL TERM LOANS (Cost $282,470,264)			$	277,244,766
CORPORATE BONDS - 9.56%
Auto Services - 0.41%
Hertz Corp.
10.50% due 01/01/2016		1,500,000		1,404,375
Chemicals - 0.56%
Georgia Gulf Corp.
9.50% due 10/15/2014		2,500,000		1,931,250
Financial Services - 2.42%
Ford Motor Credit Company
7.1269% due 01/13/2012 (b)		4,958,000		3,667,636
GMAC LLC
4.315% due 05/15/2009 (b)		4,000,000		3,418,660
LVB Acquisition Merger, Inc.
10.375% due 10/15/2017 (g)		1,250,000		1,296,875
				8,383,171
Gas & Pipeline Utilities - 1.81%
El Paso Corp.
7.00% due 06/15/2017		3,000,000		3,085,527
Williams Companies, Inc.
7.625% due 07/15/2019		3,000,000		3,202,500
				6,288,027
Leisure Time - 0.59%
Station Casinos, Inc.
7.75% due 08/15/2016		2,550,000		2,052,750
Paper - 0.59%
Abitibi-Consolidated, Inc.
6.95% due 04/01/2008		2,050,000		2,050,000
Real Estate - 0.40%
Forest City Enterprises
7.625% due 06/01/2015		1,470,000		1,396,500
Retail Trade - 0.35%
Neiman Marcus Group, Inc.
10.375% due 10/15/2015		1,200,000		1,200,000
Semiconductors - 1.37%
NXP BV / NXP Funding LLC
7.0075% due 10/15/2013 (b)		3,000,000		2,475,000
7.875% due 10/15/2014		2,500,000		2,287,500
				4,762,500
Telecommunications Equipment &
Services - 1.06%
Citizens Communications Company
7.875% due 01/15/2027		1,600,000		1,372,000

Floating Rate Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services (continued)
iPCS, Inc.
5.3644% due 05/01/2013	$	3,000,000	$	2,310,000
				3,682,000
TOTAL CORPORATE BONDS (Cost $34,440,063)			$	33,150,573
REPURCHASE AGREEMENTS - 7.73%
Lehman Brothers Tri-Party
Repurchase Agreement dated
03/31/2008 at 2.25% to be
repurchased at $26,801,675 on
04/01/2008, collateralized by
$133,390,000 Federal Home Loan
Bank, zero coupon due 01/13/2033
(valued at $27,335,613, including
interest)	$	26,800,000	$	26,800,000
TOTAL REPURCHASE AGREEMENTS
(Cost $26,800,000)			$	26,800,000
Total Investments (Floating Rate Income Trust)
(Cost $343,710,327) - 97.28%			$	337,195,339
Other Assets in Excess of Liabilities - 2.72%				9,419,570
TOTAL NET ASSETS - 100.00%			$	346,614,909
Franklin Templeton Founding Allocation Trust
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
Global (Templeton) (h)		25,829,173	$	408,100,932
Income (Templeton) (h)		35,559,443		408,222,407
Mutual Shares (Templeton) (h)		37,927,533		408,100,254
TOTAL INVESTMENT COMPANIES (Cost $1,385,806,874)			$	1,224,423,593
Total Investments (Franklin Templeton Founding Allocation			$	1,224,423,593
Trust) (Cost $1,385,806,874) - 100.00%
Other Assets in Excess of Liabilities - 0.00%				18,714
TOTAL NET ASSETS - 100.00%			$	1,224,442,307
Fundamental Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 93.41%
Advertising - 0.41%
WPP Group PLC, SADR		99,549	$	5,937,102
Banking - 2.22%
Bank of New York Mellon Corp.		431,410		18,002,739
Toronto-Dominion Bank *		101,976		6,256,230
Wachovia Corp.		297,650		8,036,550
				32,295,519

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

82

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Fundamental Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Broadcasting - 2.67%
Grupo Televisa SA, SADR *	656,800	$	15,920,832
Liberty Media Corp., Capital, Series A *	43,905		691,065
News Corp., Class A	1,186,700		22,250,625
			38,862,522
Business Services - 3.29%
Dun & Bradstreet Corp.	82,305		6,697,981
H & R Block, Inc.	664,590		13,796,889
Iron Mountain, Inc. *	661,037		17,477,818
Moody's Corp. (a)	287,199		10,003,141
			47,975,829
Cable & Television - 2.60%
Comcast Corp., Special Class A *	1,796,364		34,077,025
Virgin Media, Inc.	275,407		3,874,977
			37,952,002
Coal - 0.59%
China Coal Energy Company, H Shares	4,869,100		8,610,927
Computers & Business Equipment - 2.17%
Cisco Systems, Inc. *	316,100		7,614,849
Dell, Inc. *	667,000		13,286,640
Hewlett-Packard Company	234,516		10,708,001
			31,609,490
Construction Materials - 1.28%
Martin Marietta Materials, Inc. (a)	101,621		10,789,102
Vulcan Materials Company (a)	117,830		7,823,912
			18,613,014
Containers & Glass - 1.73%
Sealed Air Corp.	999,292		25,232,123
Cosmetics & Toiletries - 1.56%
Avon Products, Inc.	124,988		4,942,025
Procter & Gamble Company	253,400		17,755,738
			22,697,763
Crude Petroleum & Natural Gas - 9.82%
Devon Energy Corp.	474,291		49,482,780
EOG Resources, Inc.	384,012		46,081,440
Occidental Petroleum Corp.	648,018		47,415,477
			142,979,697
Electronics - 1.50%
Agilent Technologies, Inc. *	440,400		13,137,132
Tyco Electronics, Ltd.	254,512		8,734,852
			21,871,984
Financial Services - 13.52%
American Express Company	1,202,395		52,568,709
Ameriprise Financial, Inc.	210,727		10,926,195
Citigroup, Inc.	461,981		9,895,633
Discover Financial Services	65,812		1,077,343
E*TRADE Financial Corp. *	77,800		300,308
JP Morgan Chase & Company	1,269,438		54,522,362
Merrill Lynch & Company, Inc.	582,500		23,731,050
Morgan Stanley	123,925		5,663,373
State Street Corp.	41,795		3,301,805
Visa, Inc. *	71,240		4,442,526

Fundamental Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Wells Fargo & Company	1,051,034	$	30,585,089
			197,014,393
Food & Beverages - 1.57%
Diageo PLC, SADR	250,519		20,372,205
Hershey Company	65,617		2,471,792
			22,843,997
Forest Products - 0.30%
Sino-Forest Corp. *	276,700		4,313,118
Gas & Pipeline Utilities - 0.95%
Transocean, Inc. *	102,433		13,848,942
Healthcare Products - 0.73%
Covidien, Ltd.	241,542		10,688,233
Healthcare Services - 2.19%
Cardinal Health, Inc.	205,278		10,779,148
Express Scripts, Inc. *	155,900		10,027,488
UnitedHealth Group, Inc.	321,700		11,053,612
			31,860,248
Holdings Companies/Conglomerates - 8.73%
Berkshire Hathaway, Inc., Class A *	464		61,897,600
China Merchants Holdings International
Company, Ltd.	2,599,405		12,479,528
General Electric Company	610,900		22,609,409
Loews Corp.	749,089		30,128,360
			127,114,897
Household Products - 0.14%
Hunter Douglas NV	29,636		2,003,961
Industrials - 0.23%
Cosco Pacific, Ltd.	1,660,185		3,292,680
Insurance - 8.00%
Ambac Financial Group, Inc. (a)	283,392		1,629,504
American International Group, Inc.	1,015,617		43,925,435
Aon Corp.	217,832		8,756,847
Markel Corp. *	2,753		1,211,238
MBIA, Inc. (a)	112,100		1,369,862
Millea Holdings, Inc.	342,400		12,740,291
NIPPONKOA Insurance Company, Ltd.	736,400		5,680,612
Principal Financial Group, Inc.	81,108		4,519,338
Progressive Corp.	1,294,704		20,805,893
Sun Life Financial, Inc. (a)	47,629		2,219,511
Transatlantic Holdings, Inc.	206,600		13,707,910
			116,566,441
International Oil - 4.58%
Canadian Natural Resources, Ltd.	279,500		19,078,670
ConocoPhillips	624,476		47,591,316
			66,669,986
Internet Content - 0.47%
Google, Inc., Class A *	15,650		6,893,355
Internet Retail - 0.76%
Amazon.com, Inc. *	55,800		3,978,540
eBay, Inc. *	128,400		3,831,456

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

83

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Fundamental Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Retail (continued)
Liberty Media Holding Corp.-Interactive A *	204,725	$	3,304,261
			11,114,257
Liquor - 0.78%
Heineken Holding NV	226,650		11,403,115
Manufacturing - 2.09%
Harley-Davidson, Inc.	364,168		13,656,300
Siemens AG	54,200		5,878,033
Tyco International, Ltd.	246,952		10,878,235
			30,412,568
Mining - 0.75%
BHP Billiton PLC	164,900		4,856,944
Rio Tinto PLC	58,700		6,100,483
			10,957,427
Multimedia - 0.27%
Liberty Media Corp. - Entertainment, Series A *	176,720		4,000,941
Publishing - 0.24%
Lagardere S.C.A.	46,513		3,485,584
Real Estate - 0.38%
Hang Lung Group, Ltd.	1,149,000		5,491,727
Retail Grocery - 0.22%
Whole Foods Market, Inc. (a)	98,600		3,250,842
Retail Trade - 8.66%
Bed Bath & Beyond, Inc. *	333,350		9,833,825
CarMax, Inc. * (a)	414,100		8,041,822
Costco Wholesale Corp.	1,052,391		68,373,843
CVS Caremark Corp.	560,867		22,720,722
Lowe's Companies, Inc.	235,300		5,397,782
Sears Holdings Corp. * (a)	20,700		2,113,263
Wal-Mart Stores, Inc.	182,205		9,598,560
			126,079,817
Semiconductors - 0.63%
Texas Instruments, Inc.	323,400		9,142,518
Shipbuilding - 0.42%
China Shipping Development Company, Ltd.,
Class H	1,937,000		6,182,723
Software - 2.15%
Microsoft Corp.	1,106,274		31,396,056
Telecommunications Equipment &
Services - 0.16%
SK Telecom Company, Ltd., ADR	105,361		2,276,851
Telephone - 0.40%
Sprint Nextel Corp.	868,700		5,811,603
Tobacco - 3.19%
Altria Group, Inc.	639,197		14,190,174
Philip Morris International, Inc. *	639,197		32,330,584
			46,520,758
Transportation - 0.04%
Asciano Group	143,900		528,311
Trucking & Freight - 1.02%
Kuehne & Nagel International AG	61,600		6,174,381

Fundamental Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Trucking & Freight (continued)
Toll Holdings, Ltd.		198,577	$	1,827,738
United Parcel Service, Inc., Class B		94,458		6,897,323
				14,899,442
TOTAL COMMON STOCKS (Cost $1,195,917,684)			$	1,360,702,763
CONVERTIBLE BONDS - 0.13%
Telecommunications Equipment &
Services - 0.13%
Level 3 Communications, Inc.
10.00% due 05/01/2011		2,000,000		1,867,500
TOTAL CONVERTIBLE BONDS (Cost $2,000,000)			$	1,867,500
SHORT TERM INVESTMENTS - 8.44%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	38,885,375	$	38,885,375
Rabobank USA Financial Corp.
2.59% due 04/01/2008		24,009,000		24,009,000
Sanpaolo IMI U.S. Financial Company
2.65% due 04/01/2008		30,000,000		30,000,000
UBS Finance Delaware LLC
zero coupon due 04/01/2008		30,000,000		30,000,000
TOTAL SHORT TERM INVESTMENTS
(Cost $122,894,375)			$	122,894,375
Total Investments (Fundamental Value Trust)
(Cost $1,320,812,059) - 101.98%			$	1,485,464,638
Liabilities in Excess of Other Assets - (1.98)%				(28,853,187)
TOTAL NET ASSETS - 100.00%			$	1,456,611,451
Global Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 93.67%
Austria - 0.86%
Telekom Austria AG		300,000	$	6,196,776
Bermuda - 4.12%
Accenture, Ltd., Class A		407,760		14,340,919
ACE, Ltd.		70,045		3,856,678
Tyco Electronics, Ltd.		305,820		10,495,742
Willis Group Holdings, Ltd.		25,980		873,188
				29,566,527
Cayman Islands - 1.31%
Seagate Technology		450,000		9,423,000
Finland - 0.58%
UPM-Kymmene Oyj (a)		234,340		4,168,875
France - 6.95%
France Telecom SA		271,850		9,132,901
PSA Peugeot Citroen SA		70,000		5,432,627
Sanofi-Aventis SA		147,810		11,086,162
Total SA		198,780		14,726,393

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

84

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Vivendi SA	244,660	$	9,570,139
			49,948,222
Germany - 6.35%
Bayerische Motoren Werke (BMW) AG	147,950		8,156,671
Deutsche Post AG	305,820		9,339,936
Infineon Technologies AG * (a)	764,560		5,354,262
Merck & Company AG *	11,110		1,368,496
Muenchener Rueckversicherungs-
Gesellschaft AG	20,000		3,919,124
SAP AG	84,690		4,207,763
Siemens AG	122,330		13,266,785
			45,613,037
Hong Kong - 0.76%
Cheung Kong Holdings, Ltd.	250,000		3,599,213
Swire Pacific, Ltd., Class A	165,500		1,875,646
			5,474,859
Ireland - 0.30%
CRH PLC	56,550		2,145,920
Italy - 4.62%
Eni SpA	305,820		10,409,884
Intesa Sanpaolo SpA	1,550,000		10,935,400
Mediaset SpA (a)	300,000		2,780,053
UniCredito Italiano SpA	1,350,000		9,045,287
			33,170,624
Japan - 4.16%
Ebara Corp. (a)	1,500,000		4,611,954
Fuji Photo Film Company, Ltd.	108,500		3,878,095
Konica Minolta Holdings, Inc.	260,000		3,577,013
Mitsubishi UFJ Financial Group, Inc.	521,255		4,559,848
NGK Spark Plug Company, Ltd. (a)	104,000		1,361,133
NOK Corp.	168,700		3,474,497
Sumitomo Mitsui Financial Group, Inc.	712		4,729,680
Toyota Motor Corp.	73,700		3,723,900
			29,916,120
Netherlands - 4.50%
ING Groep NV	280,000		10,467,896
Koninklijke (Royal) Philips Electronics NV	208,980		7,999,701
Randstad Holdings NV (a)	43,730		2,047,806
Reed Elsevier NV	441,235		8,436,536
Royal Dutch Shell PLC, A Shares	97,917		3,377,075
			32,329,014
Russia - 0.87%
OAO Gazprom, SADR	47,800		2,437,800
OAO Gazprom, SADR	75,000		3,821,921
			6,259,721
Singapore - 1.47%
Flextronics International, Ltd. *	95,250		894,398
Singapore Telecommunications, Ltd. (a)	3,364,000		9,629,161
			10,523,559
South Korea - 3.63%
Hyundai Motor Company, Ltd. (a)	75,000		5,989,411
Kookmin Bank, SADR	65,000		3,643,250

Global Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
KT Corp. (a)	41,420	$	1,969,118
Samsung Electronics Company, Ltd.	22,930		14,499,840
			26,101,619
Spain - 0.78%
Telefonica SA	193,960		5,572,857
Sweden - 1.08%
Ericsson LM, Series B	1,996,220		3,916,177
Svenska Cellulosa AB, ADR *	211,720		3,860,285
			7,776,462
Switzerland - 2.50%
Adecco SA	54,500		3,148,258
Novartis AG	203,880		10,461,904
UBS AG	150,000		4,367,708
			17,977,870
Taiwan - 1.49%
Lite-On Technology Corp.	1,681,286		1,962,393
Taiwan Semiconductor
Manufacturing Company, Ltd.	4,229,506		8,752,858
			10,715,251
United Kingdom - 13.66%
Aviva PLC	800,000		9,809,144
BAE Systems PLC	388,420		3,745,492
BP PLC	917,470		9,295,510
British Sky Broadcasting Group PLC	582,516		6,440,722
Compass Group PLC	674,830		4,318,497
GlaxoSmithKline PLC	458,730		9,703,152
HSBC Holdings PLC (a)	550,000		9,020,871
Kingfisher PLC	1,650,000		4,338,284
Old Mutual PLC	1,750,000		3,840,590
Pearson PLC	407,760		5,522,499
Premier Foods PLC	1,980,170		4,425,500
Royal Bank of Scotland Group PLC	650,000		4,354,470
Royal Dutch Shell PLC, B Shares	203,880		6,868,011
Standard Life PLC	700,000		3,422,013
Vodafone Group PLC	3,058,260		9,090,443
Wolseley PLC	200,160		2,108,261
Yell Group PLC	600,000		1,832,291
			98,135,750
United States - 33.68%
Abbott Laboratories	2,500		137,875
American International Group, Inc.	200,000		8,650,000
Amgen, Inc. *	326,210		13,629,054
Boston Scientific Corp. *	733,980		9,446,323
Cadence Design Systems, Inc. *	192,596		2,056,925
Chico's FAS, Inc. *	650,000		4,621,500
Cisco Systems, Inc. *	57,300		1,380,357
Comcast Corp., Special Class A *	560,680		10,636,100
Covidien, Ltd.	252,400		11,168,700
Eastman Kodak Company	300,000		5,301,000
El Paso Corp.	300,000		4,992,000
Electronic Data Systems Corp.	393,810		6,556,936
Expedia, Inc. *	110,000		2,407,900
FedEx Corp.	19,790		1,833,939
General Electric Company	407,760		15,091,198

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

85

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United States (continued)
Harley-Davidson, Inc.		101,940	$	3,822,750
Interpublic Group of Companies, Inc. *		450,000		3,784,500
Merck & Company, Inc.		106,610		4,045,849
Microsoft Corp.		600,000		17,028,000
News Corp., Class A		713,590		13,379,812
Oracle Corp. *		815,530		15,951,767
Pentair, Inc.		54,038		1,723,812
Pfizer, Inc.		662,620		13,868,637
Pitney Bowes, Inc.		80,000		2,801,600
Progressive Corp.		280,270		4,503,939
Quest Diagnostics, Inc.		142,710		6,460,482
Sprint Nextel Corp.		1,019,420		6,819,920
Time Warner, Inc.		866,500		12,148,330
Torchmark Corp.		68,900		4,141,579
Tyco International, Ltd.		244,660		10,777,273
United Parcel Service, Inc., Class B		152,910		11,165,488
USG Corp. * (a)		96,500		3,553,130
Viacom, Inc., Class B *		203,880		8,077,726
				241,964,401
TOTAL COMMON STOCKS (Cost $740,795,445)			$	672,980,464
SHORT TERM INVESTMENTS - 12.20%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	35,094,538	$	35,094,538
Paribas Corp. Time Deposit
2.95% due 04/01/2008		52,590,000		52,590,000
TOTAL SHORT TERM INVESTMENTS
(Cost $87,684,538)			$	87,684,538
Total Investments (Global Trust)
(Cost $828,479,983) - 105.87%			$	760,665,002
Liabilities in Excess of Other Assets - (5.87)%				(42,167,549)
TOTAL NET ASSETS - 100.00%			$	718,497,453

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Insurance	7.44%
Banking	6.44%
Telecommunications Equipment & Services	6.33%
Pharmaceuticals	5.60%
Software	5.18%

Global Allocation Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 71.05%
Australia - 0.50%
National Australia Bank, Ltd.	17,565	$	485,769
Qantas Airways, Ltd.	150,602		542,495
QBE Insurance Group, Ltd.	24,742		506,228
			1,534,492

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Austria - 0.14%
Telekom Austria AG	20,864	$	430,965
Bermuda - 0.16%
Weatherford International, Ltd. *	6,500		471,055
Canada - 0.87%
Canadian National Railway Company	12,900		625,489
Research In Motion, Ltd. *	5,300		594,819
Toronto Dominion Bank Ontario	13,200		811,585
Trans-Canada Corp.	16,100		620,347
			2,652,240
Finland - 0.19%
Nokia AB Oyj	18,573		586,357
France - 1.91%
AXA Group SA	18,734		677,552
France Telecom SA	44,676		1,500,907
STMicroelectronics NV	20,393		217,169
Suez SA	15,849		1,038,856
Technip SA	3,344		260,487
Total SA	28,953		2,144,950
			5,839,921
Germany - 2.31%
Allianz AG	4,620		913,536
DaimlerChrysler AG	14,153		1,209,749
Deutsche Postbank AG	3,544		338,517
E.ON AG	4,462		825,586
Henkel KGaA	12,241		565,077
MAN AG	4,156		551,939
Metro AG	9,927		801,869
SAP AG	16,643		826,896
Siemens AG	9,531		1,033,644
			7,066,813
Greece - 0.26%
Alpha Bank A.E.	16,042		532,361
National Bank of Greece SA	4,832		254,391
			786,752
Hong Kong - 0.42%
Esprit Holdings, Ltd.	45,100		547,551
Sun Hung Kai Properties, Ltd.	47,000		736,733
			1,284,284
Ireland - 0.70%
Bank of Ireland - London	57,590		855,098
CRH PLC - London	12,826		486,201
CRH PLC	8,832		335,151
Experian Group, Ltd.	29,475		214,850
Irish Life & Permanent PLC - London	12,819		247,470
			2,138,770
Italy - 0.45%
Intesa Sanpaolo SpA	111,842		789,056
UniCredito Italiano SpA	88,685		594,209
			1,383,265
Japan - 3.69%
Asahi Breweries, Ltd.	20,700		427,443
Canon, Inc.	19,800		923,539

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

86

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Fast Retailing Company, Ltd.	2,500	$	222,811
Honda Motor Company, Ltd.	20,900		603,690
Hoya Corp.	14,400		340,241
Japan Tobacco, Inc.	181		905,452
KDDI Corp.	42		258,337
Komatsu, Ltd.	27,600		777,102
Mitsubishi Corp.	27,100		829,152
Mitsui Fudosan Company, Ltd.	12,000		241,402
Mitsui O.S.K. Lines, Ltd.	42,000		513,832
Mitsui Sumitomo Insurance Company, Ltd.	43,000		435,554
Nitto Denko Corp.	10,100		429,444
Nomura Holdings, Inc.	31,300		471,209
NTT DoCoMo, Inc.	412		628,183
Shin-Etsu Chemical Company, Ltd.	7,800		406,152
Sumitomo Mitsui Financial Group, Inc.	83		551,353
Sumitomo Trust & Banking Company, Ltd.	63,000		436,608
The Bank of Yokohama, Ltd.	64,000		437,937
Tokyo Gas Company, Ltd.	55,000		224,167
Toyota Motor Corp.	18,300		924,659
Yamada Denki Company, Ltd.	3,260		284,230
			11,272,497
Netherlands - 0.55%
ASML Holding NV *	35,173		867,239
Reed Elsevier NV	22,056		421,717
TNT Post Group NV	10,711		397,326
			1,686,282
Singapore - 0.22%
Singapore Telecommunications, Ltd.	233,000		666,942
Spain - 0.45%
Banco Santander Central Hispano SA	68,310		1,360,869
Sweden - 0.19%
Sandvik AB *	33,500		582,794
Switzerland - 2.70%
Adecco SA	3,374		194,903
Alcon, Inc.	2,300		327,175
Credit Suisse Group AG	22,137		1,127,169
Givaudan AG	87		86,062
Nestle SA	4,000		1,999,369
Novartis AG	31,058		1,593,711
Roche Holdings AG - Genusschein	11,135		2,098,611
Straumann Holding AG	1,140		325,862
Synthes AG	3,438		480,665
			8,233,527
United Kingdom - 3.89%
Associated British Foods PLC	50,012		868,699
Barclays PLC	135,052		1,218,400
BICC PLC	22,020		206,144
BP PLC	188,205		1,906,832
British Sky Broadcasting Group PLC	74,559		824,379
Cadbury Schweppes PLC	38,526		424,655
Carnival PLC	8,687		346,165
Cobham PLC	104,008		412,840
Kingfisher PLC	112,568		295,971
Prudential PLC	46,311		611,461

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Rio Tinto PLC	3,160	$	328,408
Scottish & Southern Energy PLC	14,987		418,029
Standard Chartered PLC	18,759		641,476
Tesco PLC	110,170		830,307
Vodafone Group PLC	665,548		1,978,290
Wolseley PLC	55,595		585,575
			11,897,631
United States - 51.45%
Abbott Laboratories	2,400		132,360
Abercrombie & Fitch Company, Class A	2,600		190,164
AFLAC, Inc.	32,900		2,136,855
Allergan, Inc.	49,100		2,768,749
Amazon.com, Inc. *	5,700		406,410
American Electric Power Company, Inc.	27,900		1,161,477
American Express Company	3,900		170,508
American Tower Corp., Class A *	3,800		148,998
Analog Devices, Inc.	67,500		1,992,600
Apache Corp.	1,800		217,476
Apple, Inc. *	4,900		703,150
ArcelorMittal	13,104		1,073,290
AT&T, Inc.	34,500		1,321,350
Automatic Data Processing, Inc.	5,200		220,428
Baker Hughes, Inc.	26,300		1,801,550
Bank of New York Mellon Corp.	50,401		2,103,234
Baxter International, Inc.	7,600		439,432
Becton, Dickinson & Company	4,900		420,665
Blackrock, Inc. (a)	600		122,508
Boeing Company	3,600		267,732
BorgWarner, Inc.	41,300		1,777,139
Burlington Northern Santa Fe Corp.	37,800		3,485,916
Campbell Soup Company	4,200		142,590
Carnival Corp. (a)	45,700		1,849,936
CB Richard Ellis Group, Inc. *	4,700		101,708
Cephalon, Inc. *	7,800		502,320
Chevron Corp.	11,300		964,568
Chico's FAS, Inc. *	40,100		285,111
Cisco Systems, Inc. *	29,500		710,655
Citigroup, Inc.	158,400		3,392,928
City National Corp.	8,800		435,248
Coach, Inc. *	22,700		684,405
Comcast Corp., Class A	146,800		2,839,112
CONSOL Energy, Inc.	3,500		242,165
Constellation Brands, Inc., Class A *	47,400		837,558
Covidien, Ltd.	3,800		168,150
DaVita, Inc. *	11,000		525,360
Discover Financial Services	77,950		1,276,042
eBay, Inc. *	6,500		193,960
ENSCO International, Inc.	8,400		526,008
EOG Resources, Inc.	9,100		1,092,000
Exelon Corp.	44,800		3,640,896
Express Scripts, Inc. *	4,200		270,144
Federal Home Loan Mortgage Corp.	37,500		949,500
FedEx Corp.	23,600		2,187,012
Fifth Third Bancorp	69,700		1,458,124
Fortune Brands, Inc.	20,600		1,431,700

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

87

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United States (continued)
Freeport-McMoRan Copper & Gold, Inc.,
Class B	2,200	$	211,684
Genentech, Inc. *	3,900		316,602
General Dynamics Corp.	2,400		200,088
General Electric Company	121,000		4,478,210
Genzyme Corp. *	36,000		2,683,440
Goldman Sachs Group, Inc.	700		115,773
Google, Inc., Class A *	1,700		748,799
Halliburton Company	73,500		2,890,755
Harley-Davidson, Inc.	13,600		510,000
Hartford Financial Services Group, Inc.	19,600		1,485,092
Illinois Tool Works, Inc.	52,300		2,522,429
Intel Corp.	203,600		4,312,248
International Game Technology	15,700		631,297
Interpublic Group of Companies, Inc. *	145,500		1,223,655
Intuit, Inc. *	32,900		888,629
ITT Educational Services, Inc. *	2,100		96,453
J. Crew Group, Inc. *	9,200		406,364
Johnson & Johnson	39,000		2,529,930
Johnson Controls, Inc.	60,900		2,058,420
Laboratory Corp. of America Holdings *	8,000		589,440
Lexmark International, Inc. *	13,300		408,576
Linear Technology Corp. (a)	30,800		945,252
Marathon Oil Corp.	31,600		1,440,960
Masco Corp.	99,300		1,969,119
MasterCard, Inc., Class A	4,400		981,156
McDermott International, Inc. *	6,100		334,402
Medco Health Solutions, Inc. *	40,100		1,755,979
Medtronic, Inc.	39,400		1,905,778
Merck & Company, Inc.	49,300		1,870,935
Microsoft Corp.	119,800		3,399,924
Millipore Corp. *	12,800		862,848
Monsanto Company	2,600		289,900
Morgan Stanley	70,400		3,217,280
NetApp, Inc. *	57,600		1,154,880
News Corp., Class A	72,000		1,350,000
NiSource, Inc.	33,300		574,092
Omnicom Group, Inc.	24,600		1,086,828
PACCAR, Inc.	40,350		1,815,750
Pall Corp.	17,100		599,697
Peabody Energy Corp.	42,500		2,167,500
Pepco Holdings, Inc.	21,800		538,896
PepsiCo, Inc.	2,500		180,500
Praxair, Inc.	8,200		690,686
Precision Castparts Corp.	3,200		326,656
Principal Financial Group, Inc.	35,700		1,989,204
Procter & Gamble Company	3,500		245,245
QUALCOMM, Inc.	14,600		598,600
R.H. Donnelley Corp. *	29,807		150,823
Range Resources Corp.	3,400		215,730
Royal Caribbean Cruises, Ltd. (a)	22,100		727,090
Ryder Systems, Inc.	18,000		1,096,380
Schering-Plough Corp.	58,900		848,749
Schlumberger, Ltd.	6,500		565,500
Sempra Energy	26,500		1,411,920
Southwest Airlines Company	67,100		832,040

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United States (continued)
Southwestern Energy Company *	7,000	$	235,830
Sprint Nextel Corp.	247,095		1,653,066
Starbucks Corp. *	13,500		236,250
Starwood Hotels & Resorts Worldwide, Inc.	13,400		693,450
State Street Corp.	2,700		213,300
Stryker Corp.	6,100		396,805
SunTrust Banks, Inc.	20,900		1,152,426
Symantec Corp. *	129,044		2,144,711
Sysco Corp.	52,000		1,509,040
T. Rowe Price Group, Inc.	4,400		220,000
The Manitowoc Company, Inc.	4,100		167,280
UBS Emerging Markets Equities Fund *	91,446		3,221,458
UBS High Yield Fund *	705,709		14,846,425
United Technologies Corp.	8,000		550,560
UnitedHealth Group, Inc.	19,500		670,020
Viacom, Inc., Class B *	29,000		1,148,980
Visa, Inc. *	9,800		611,128
Wells Fargo & Company	126,900		3,692,790
Wyeth	86,900		3,628,944
Wynn Resorts, Ltd. * (a)	7,000		704,480
Xilinx, Inc.	53,700		1,275,375
XTO Energy, Inc.	5,675		351,055
Zimmer Holdings, Inc. *	8,600		669,596
			157,210,343
TOTAL COMMON STOCKS (Cost $225,772,631)		$	217,085,799
U.S. TREASURY OBLIGATIONS - 4.02%
Treasury Inflation Protected
Securities (d) - 0.69%
1.75% due 01/15/2028	403,024		399,529
2.375% due 04/15/2011	1,584,541		1,702,391
			2,101,920
U.S. Treasury Bonds - 0.25%
4.75% due 02/15/2037	415,000		446,352
8.125% due 08/15/2019	235,000		327,366
			773,718
U.S. Treasury Notes - 3.08%
3.25% due 12/31/2009	5,545,000		5,697,920
3.625% due 12/31/2012	2,905,000		3,060,917
4.625% due 02/15/2017	605,000		664,507
			9,423,344
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $12,317,354)		$	12,298,982
U.S. GOVERNMENT AGENCY OBLIGATIONS - 6.63%
Federal Home Loan Mortgage Corp. - 2.27%
2.375% due 05/28/2010	410,000		410,224
2.875% due 04/30/2010	275,000		278,072
3.25% due 02/25/2011	1,220,000		1,237,810
3.50% due 05/29/2013	595,000		598,944
4.50% due 06/01/2034	247,134		238,464
5.187% due 05/01/2037	633,745		645,001
5.50% due 04/01/2018 to 04/01/2037	1,788,990		1,812,803
5.60% due 10/17/2013	315,000		319,616
5.75% due 10/10/2012	155,000		157,476

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

88

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
5.75% due 09/15/2010	EUR	350,000	$	571,597
6.00% due 03/01/2029	$	24,559		25,402
6.50% due 11/01/2029 to 02/01/2038		615,120		641,283
				6,936,692
Federal National Mortgage
Association - 3.80%
2.50% due 04/09/2010		1,050,000		1,054,171
2.75% due 04/11/2011		820,000		819,503
3.625% due 02/12/2013		590,000		600,192
4.614% due 09/01/2035		678,410		677,807
5.00% due 10/15/2010 to 08/01/2036		705,292		702,504
5.00% TBA **		545,000		539,380
5.25% due 08/01/2012		200,000		209,730
5.50% due 10/01/2017 to 09/01/2034		2,291,587		2,326,399
5.625% due 07/15/2037		240,000		267,290
5.791% due 02/01/2036		350,090		359,589
6.00% due 06/01/2014 to 11/01/2036		1,334,845		1,363,386
6.07% due 05/12/2016		355,000		356,356
6.154% due 04/01/2036		676,438		688,075
6.50% due 06/01/2017 to 12/01/2037		1,422,367		1,481,421
7.50% due 07/25/2041		137,258		149,825
				11,595,628
Government National Mortgage
Association - 0.56%
5.00% TBA **		360,000		360,464
6.00% due 07/15/2029		725,332		752,553
6.50% due 08/15/2027 to 04/15/2031		574,863		601,804
				1,714,821
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $19,910,724)			$	20,247,141
FOREIGN GOVERNMENT OBLIGATIONS - 3.36%
Austria - 0.20%
Republic of Austria
5.25% due 01/04/2011	EUR	370,000		607,824
Canada - 0.11%
Canadian Government Bond
5.25% due 06/01/2012	CAD	330,000		351,042
France - 0.31%
Government of France
1.80% due 07/25/2040	EUR	98,069		141,453
3.50% due 07/12/2009		185,000		291,160
4.75% due 04/25/2035		100,000		160,093
5.50% due 04/25/2029		195,000		343,238
				935,944
Germany - 0.13%
Federal Republic of Germany
3.75% due 01/04/2009		260,000		410,544
Italy - 1.09%
Republic of Italy
4.00% due 02/01/2037		800,000		1,081,721
4.25% due 08/01/2013		247,000		395,313
4.50% due 05/01/2009		555,000		881,515

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Italy (continued)
Republic of Italy (continued)
5.25% due 08/01/2011	EUR	310,000	$	509,874
6.50% due 11/01/2027		250,000		476,881
				3,345,304
Japan - 0.69%
Government of Japan
0.60% due 12/20/2008	JPY	18,000,000		180,506
0.90% due 06/15/2008		55,000,000		551,887
1.00% due 06/10/2016		38,241,100		380,186
1.30% due 06/20/2011		80,000,000		818,900
2.30% due 06/20/2035		16,300,000		161,502
				2,092,981
Netherlands - 0.12%
Kingdom of Netherlands
4.00% due 01/15/2037	EUR	255,000		361,284
Poland - 0.24%
Republic of Poland
5.25% due 10/25/2017	PLN	360,000		153,615
5.75% due 09/23/2022		1,290,000		565,765
				719,380
Spain - 0.35%
Kingdom of Spain
5.15% due 07/30/2009	EUR	240,000		385,417
5.75% due 07/30/2032		245,000		442,778
6.15% due 01/31/2013		135,000		234,248
				1,062,443
Sweden - 0.07%
Kingdom of Sweden
6.75% due 05/05/2014	SEK	1,090,000		211,677
United Kingdom - 0.05%
Government of United Kingdom
4.25% due 12/07/2027	GBP	85,000		161,681
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $9,212,595)			$	10,260,104
CORPORATE BONDS - 4.88%
Canada - 0.06%
Canadian Natural Resources, Ltd.
6.75% due 02/01/2039	$	180,000		183,684
Cayman Islands - 0.04%
Transocean, Inc.
6.80% due 03/15/2038		105,000		107,264
France - 0.01%
France Telecom SA
7.75% due 03/01/2011		30,000		32,530
Germany - 0.52%
KfW Bankengruppe, EMTN
4.75% due 12/07/2010	GBP	200,000		398,472
Kreditanstalt fuer Wiederaufbau, EMTN
4.625% due 10/12/2012	EUR	530,000		859,701
Landwirtschaftliche Rentenbank
6.00% due 09/15/2009	AUD	380,000		340,379
				1,598,552

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

89

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Ireland - 0.08%
Depfa ACS Bank
0.75% due 09/22/2008	JPY	10,000,000	$	100,221
GE Capital European Funding, EMTN
4.625% due 08/23/2010	EUR	80,000		126,123
				226,344
Italy - 0.04%
Intesa Sanpaolo SpA, EMTN
6.375% due 04/06/2010		80,000		129,375
Luxembourg - 0.09%
Telecom Italia Capital SA
5.25% due 11/15/2013	$	295,000		275,645
Netherlands - 0.29%
E.ON International Finance BV, EMTN
5.125% due 10/02/2012	EUR	80,000		128,469
Rabobank Nederland, EMTN
1.05% due 01/22/2010	JPY	35,000,000		352,350
4.125% due 04/04/2012	EUR	255,000		399,899
				880,718
Switzerland - 0.05%
Credit Suisse New York
5.75% due 02/15/2018	$	145,000		144,654
United Kingdom - 0.37%
Abbey National PLC
7.95% due 10/26/2029		25,000		26,770
AstraZeneca PLC
6.45% due 09/15/2037		55,000		59,014
Halifax PLC
9.375% due 05/15/2021	GBP	100,000		217,172
Lloyds TSB Bank PLC, EMTN
6.625% due 03/30/2015		150,000		301,051
Royal Bank of Scotland Group PLC
9.118% due 03/31/2049	$	65,000		65,573
Royal Bank of Scotland PLC
9.625% due 06/22/2015	GBP	120,000		274,699
SABMiller PLC
6.50% due 07/01/2016 (g)	$	55,000		59,624
Vodafone Group PLC, Series E, MTN
3.625% due 11/29/2012	EUR	90,000		133,663
				1,137,566
United States - 3.33%
Abbott Laboratories
5.60% due 11/30/2017	$	360,000		376,632
Allergan, Inc.
5.75% due 04/01/2016		200,000		206,065
Anadarko Petroleum Corp.
5.95% due 09/15/2016		35,000		36,195
AOL Time Warner, Inc.
6.875% due 05/01/2012		225,000		232,276
AT&T Wireless Services, Inc.
8.75% due 03/01/2031		30,000		36,408
AT&T, Inc.
6.50% due 09/01/2037		100,000		98,919
Avalonbay Communities, Inc.
7.50% due 08/01/2009		15,000		15,431
Bank of America Corp.
5.42% due 03/15/2017		500,000		495,949

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
Bank One Corp.
7.875% due 08/01/2010	$	85,000	$	90,832
Bear Stearns Companies, Inc.
7.25% due 02/01/2018		220,000		227,346
Bellsouth Corp.
6.55% due 06/15/2034		35,000		34,381
Boeing Capital Corp.
6.10% due 03/01/2011		50,000		53,199
Bristol-Myers Squibb Company
5.875% due 11/15/2036		115,000		111,207
Burlington Northern Santa Fe Corp.
7.082% due 05/13/2029		25,000		26,507
Citigroup, Inc.
5.625% due 08/27/2012		90,000		89,109
6.125% due 11/21/2017		300,000		299,557
6.875% due 03/05/2038		75,000		74,847
Citigroup, Inc., Series E, MTN
5.50% due 11/18/2015	GBP	175,000		314,528
Comcast Cable Communications, Inc.
6.75% due 01/30/2011	$	125,000		129,958
Comcast Corp.
6.30% due 11/15/2017		185,000		187,244
Computer Sciences Corp.
3.50% due 04/15/2008		35,000		34,992
Countrywide Financial Corp., Series A, MTN
3.345% due 05/05/2008 (b)		75,000		74,513
Countrywide Funding Corp., MTN
3.25% due 05/21/2008		310,000		304,017
CVS Caremark Corp.
5.75% due 06/01/2017		135,000		137,101
Dominion Resources, Inc.
5.95% due 06/15/2035		75,000		70,825
DTE Energy Company
6.35% due 06/01/2016		105,000		109,186
Erac USA Finance Company
7.00% due 10/15/2037 (g)		75,000		61,655
7.35% due 06/15/2008 (g)		55,000		55,387
Exelon Generation Company LLC
5.35% due 01/15/2014		85,000		83,013
Ford Motor Credit Company
5.80% due 01/12/2009		730,000		695,461
Fortune Brands, Inc.
5.375% due 01/15/2016		225,000		212,633
General Electric Capital Corp.
5.875% due 01/14/2038		210,000		202,410
General Electric Capital Corp., MTN
5.625% due 09/15/2017		70,000		71,628
General Electric Capital Corp., Series A, MTN
6.00% due 06/15/2012		420,000		447,804
General Electric Company
5.25% due 12/06/2017		65,000		64,910
General Motors Acceptance Corp.
6.875% due 09/15/2011		110,000		84,190
Goldman Sachs Group, Inc.
6.75% due 10/01/2037		65,000		60,472
Hartford Financial Services Group, Inc.
6.30% due 03/15/2018		160,000		160,304
HSBC Bank USA NA, BKNT
5.625% due 08/15/2035		250,000		217,032

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

90

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
HSBC Finance Corp.
6.75% due 05/15/2011	$	130,000	$	134,862
ICI Wilmington, Inc.
4.375% due 12/01/2008		130,000		130,673
International Lease Finance Corp.
3.50% due 04/01/2009		360,000		354,596
JP Morgan Chase & Company
6.75% due 02/01/2011		80,000		84,945
JP Morgan Chase Capital XXV, Series Y
6.80% due 10/01/2037		100,000		91,368
Kinder Morgan Energy Partners LP
5.125% due 11/15/2014		90,000		88,436
7.40% due 03/15/2031		250,000		259,866
Lehman Brothers Holdings, Inc., MTN
6.75% due 12/28/2017		275,000		264,362
MetLife, Inc.
5.00% due 11/24/2013		125,000		130,879
Morgan Stanley
6.75% due 04/15/2011		215,000		225,365
Pacific Gas & Electric Company
6.05% due 03/01/2034		50,000		49,017
PPL Capital Funding, Inc.
4.33% due 03/01/2009		30,000		30,164
ProLogis, REIT
5.625% due 11/15/2015		90,000		82,149
PSEG Power LLC
6.95% due 06/01/2012		145,000		155,109
Residential Capital Corp.
6.125% due 11/21/2008		60,000		41,400
6.375% due 06/30/2010		390,000		195,975
Residential Capital LLC
3.49% due 06/09/2008		175,000		138,250
Schering-Plough Corp.
6.55% due 09/15/2037		50,000		48,152
Sprint Capital Corp.
6.875% due 11/15/2028		190,000		141,550
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016		70,000		70,480
UnitedHealth Group, Inc.
6.875% due 02/15/2038		90,000		85,991
Valero Energy Corp.
6.625% due 06/15/2037		185,000		176,835
Washington Mutual Bank
5.50% due 01/15/2013		325,000		258,375
Wells Fargo Bank NA
5.95% due 08/26/2036		500,000		491,350
Weyerhaeuser Company
6.75% due 03/15/2012		160,000		168,228
				10,182,500
TOTAL CORPORATE BONDS (Cost $15,144,576)		$		14,898,832
COLLATERALIZED MORTGAGE
OBLIGATIONS - 4.94%
United States - 4.94%
Banc of America Commercial Mortgage, Inc.,
Series 2006-2, Class B
5.775% due 05/10/2045 (b)		100,000		74,703

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Banc of America Commercial Mortgage, Inc.,
Series 2006-5, Class B
5.463% due 09/10/2047	$	150,000	$	107,454
Banc of America Commercial Mortgage, Inc.,
Series 2002-PB2, Class C
6.349% due 06/11/2035		345,000		332,678
Banc of America Funding Corp., Series 2007-C,
Class 1A4
5.76% due 05/20/2047 (b)		1,000,000		773,833
Banc of America Funding Corp.,
Series 2006-G, Class 3A2
5.75% due 07/20/2036		600,000		510,063
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-1, Class 4A1
5.3531% due 03/25/2035 (b)		318,767		285,584
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW16, Class A4
5.7126% due 06/11/2040 (b)		400,000		397,321
Citigroup Commercial Mortgage Trust,
Series 2006-C5, Class A4
5.431% due 10/15/2049		325,000		318,659
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2006-16, Class M1
6.251% due 11/25/2036 (b)		988,500		776,886
Credit Suisse Mortgage Capital Certificates, Series
2006-4, Class 8A1
7.00% due 05/25/2036		317,350		296,308
Credit Suisse Mortgage Capital Certificates, Series
2006-C2, Class A3
5.6585% due 03/15/2039 (b)		350,000		351,655
Credit Suisse Mortgage Capital Certificates, Series
2006-C3, Class B
5.8269% due 06/15/2038 (b)		100,000		74,778
Credit Suisse Mortgage Capital Certificates,
Series 2006-2, Class 3A1
6.50% due 03/25/2036		374,408		366,694
Federal Home Loan Mortgage Corp.,
Series 2006-3178, Class MC
6.00% due 04/15/2032		475,000		492,672
First Horizon Asset Securities, Inc., Series
2007-AR2, Class 1A1
5.854% due 06/25/2037 (b)		639,381		633,971
GE Capital Commercial Mortgage Corp., Series
2006-C1, Class A4
5.338% due 03/10/2044 (b)		425,000		420,338
G-Force CDO, Ltd. Series 2006-1A, Class A3
5.60% due 09/27/2046 (g)		375,000		326,074
GS Mortgage Securities Corp., II, Series
2007-GG10, Class C
5.7992% due 08/10/2045 (b)		100,000		68,240
GS Mortgage Securities Corp., II,
Series 2006-CC1, Class A
5.3691% due 03/21/2046 (b)(g)		1,025,397		702,222
GS Mortgage Securities Corp., II,
Series 2006-RR2, Class A1
5.6803% due 06/23/2046 (b)(g)		1,250,000		916,850
GSR Mortgage Loan Trust,
Series 2005-4F, Class 3A1
6.50% due 04/25/2020		226,368		230,296

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

91

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Indymac Index Mortgage Loan Trust,
Series 2005-AR27, Class 3A3
5.5709% due 12/25/2035 (b)	$	450,000	$	314,405
JP Morgan Alternative Loan Trust,
Series 2006-A4, Class A7
6.30% due 09/25/2036 (b)		525,000		288,749
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP5, Class A4
5.1794% due 12/15/2044 (b)		825,000		822,489
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class A4
5.399% due 05/15/2045		425,000		416,247
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class B
5.52% due 05/15/2045 (b)		100,000		71,207
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP4, Class B
5.129% due 10/15/2042 (b)		100,000		77,782
JPMorgan Commercial Mortgage Finance Corp.,
Series 1999-C8, Class A2
7.40% due 07/15/2031		154,227		156,347
Merrill Lynch Mortgage Trust, Series 2007-C1,
Class B
5.8292% due 06/12/2050 (b)		100,000		68,838
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-3, Class B
5.525% due 07/12/2046 (b)		125,000		88,054
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2007-8, Class C
5.9573% due 08/12/2049 (b)		100,000		69,321
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2007-9, Class A4
5.70% due 09/25/2049		575,000		566,158
MLCC Mortgage Investors, Inc.,
Series 2006-2, Class 4A
5.7945% due 05/25/2036 (b)		542,039		483,819
Morgan Stanley Dean Witter
Capital I, Series 2000-LIFE, Class A2
7.57% due 11/15/2036		127,766		131,587
Residential Accredit Loans, Inc., Series 2007-QS6,
Class A29
6.00% due 04/25/2037		8,298		7,849
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C23, Class A4
5.418% due 01/15/2045		400,000		395,200
WaMu Mortgage Pass Through Certificates, Series
2007-HY1, Class 1A1
5.7137% due 02/25/2037 (b)		387,517		367,245
WaMu Mortgage Pass-Through Certificates, Series
2002-AR17, Class 1A
5.526% due 11/25/2042 (b)		182,513		173,276
Washington Mutual, Inc., Series 2007-HY1, Class
3A3
5.8832% due 02/25/2037 (b)		500,000		386,217
Washington Mutual, Inc., Series 2007-HY1, Class
LB1
5.7967% due 02/25/2037 (b)		998,892		852,037

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Wells Fargo Mortgage Backed Securities Trust,
Series 2007-11, Class B1
6.00% due 08/25/2037	$	747,061	$	567,382
Wells Fargo Mortgage Backed Securities Trust,
Series 2007-AR4, Class A1
6.005% due 08/25/2037 (b)		360,111		340,608
				15,102,096
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $17,493,854)			$	15,102,096
ASSET BACKED SECURITIES - 0.75%
United States - 0.75%
Citibank Credit Card Issuance Trust, Series
2002-A8, Class A8
3.265% due 11/07/2011 (b)		200,000		197,688
Citibank Credit Card Issuance Trust, Series
2003-A9, Class A9
3.15% due 11/22/2010 (b)		125,000		124,415
Countrywide Asset-Backed Certificates,
Series 2004-SD1, Class A1
2.9388% due 06/25/2033 (b)(g)		11,602		9,970
Daimler Chrysler Auto Trust, Series 2007-A, Class
A2B
3.6381% due 03/08/2011 (b)		360,000		358,676
Fieldstone Mortgage Investment Corp., Series
2006-S1, Class A
2.8187% due 01/25/2037 (b)(g)		168,166		47,087
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2005-FFA, Class M3
5.517% due 03/25/2025		500,000		131,178
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2005-FFA, Class B3
6.507% due 03/25/2025		528,276		11,025
Greenpoint Home Equity Loan Trust,
Series 2004-3, Class A
4.6962% due 03/15/2035 (b)		22,691		19,448
GSAMP Trust, Series 2006-S5, Class A2
5.658% due 09/25/2036		500,000		138,380
Harley-Davidson Motorcycle Trust, Series 2007-2,
Class B
5.23% due 03/17/2014		675,000		664,074
Home Equity Mortgage
Trust, Series 2006-3, Class A2
5.594% due 09/25/2036 (b)		500,000		217,833
Merrill Lynch Mortgage Investors, Inc., Series
2006-SL1, Class A
2.7787% due 09/25/2036 (b)		40,909		28,391
Morgan Stanley Mortgage Loan Trust, Series
2006-14SL, Class A1
2.7587% due 11/25/2036 (b)		121,458		62,856
Nomura Asset Acceptance Corp., Series 2006-S4,
Class A1
2.7687% due 08/25/2036 (b)		124,058		52,165
SACO I Trust, Series 2006-5, Class 2A1
2.7487% due 05/25/2036 (b)		173,960		61,974

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

92

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
United States (continued)
Washington Mutual Master Note Trust, Series
2007-A5A, Class A5
3.5675% due 10/15/2014 (b)(g)	$	175,000	$	164,992
				2,290,152
TOTAL ASSET BACKED SECURITIES
(Cost $4,170,214)			$	2,290,152
SUPRANATIONAL OBLIGATIONS - 0.37%
SNAT - 0.37%
Council Of Europe Development Bank, MTN
6.25% due 01/23/2012	AUD	290,000		257,342
European Investment Bank
6.25% due 04/15/2014	GBP	160,000		343,561
European Investment Bank, INTL
5.375% due 10/15/2012	EUR	320,000		535,473
				1,136,376
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $1,049,265)			$	1,136,376
SHORT TERM INVESTMENTS - 1.25%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	3,827,586	$	3,827,586
TOTAL SHORT TERM INVESTMENTS
(Cost $3,827,586)			$	3,827,586
REPURCHASE AGREEMENTS - 1.86%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$5,680,252 on 04/01/2008,
collateralized by $5,790,000
Federal National Mortgage
Association, 5.50% due
07/14/2028 (valued at $5,797,238,
including interest)	$	5,680,000	$	5,680,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,680,000)			$	5,680,000
Total Investments (Global Allocation Trust)
(Cost $314,578,799) - 99.11%			$	302,827,068
Other Assets in Excess of Liabilities - 0.89%				2,730,465
TOTAL NET ASSETS - 100.00%			$	305,557,533

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Mutual Funds	5.91%
Financial Services	5.42%
Banking	4.59%
Semiconductors	3.15%
Insurance	2.95%

Global Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 2.34%
Treasury Inflation Protected
Securities (d) - 0.04%
2.00% due 04/15/2012	$	521,310	$	561,264
U.S. Treasury Notes - 2.07%
2.75% due 02/28/2013		27,400,000		27,894,460
U.S. Treasury Strips - 0.23%
zero coupon due 05/15/2017		4,300,000		3,052,979
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $31,256,526)			$	31,508,703
U.S. GOVERNMENT AGENCY OBLIGATIONS - 27.02%
Federal Home Loan Mortgage Corp. - 1.87%
5.125% due 11/17/2017		7,100,000		7,608,568
5.50% due 08/23/2017		16,000,000		17,617,504
				25,226,072
Federal National Mortgage
Association - 24.77%
2.9562% due 03/25/2044 (b)		193,225		190,922
3.0062% due 09/25/2032 (b)		49,724		49,359
4.196% due 11/01/2034 (b)		3,971,291		4,009,251
4.933% due 12/01/2034 (b)		748,339		752,688
5.00% due 02/13/2017 to 03/01/2036		36,211,736		37,562,046
5.50% due 04/01/2024 to 08/01/2037		117,024,188		118,326,951
5.50% TBA **		25,300,000		25,537,187
6.00% due 03/01/2033 to 11/01/2037		100,291,408		102,848,443
6.00% TBA **		27,000,000		27,658,125
6.50% due 04/01/2036 to 11/01/2037		6,913,265		7,165,922
6.50% TBA **		9,000,000		9,320,625
				333,421,519
Government National Mortgage
Association - 0.26%
5.125% due 11/20/2023 to 10/20/2026 (b)		113,807		113,682
6.00% due 08/20/2034		3,082,582		3,149,692
6.25% due 01/20/2030 (b)		45,241		46,137
6.375% due 02/20/2024 to 06/20/2030 (b)		166,810		170,565
				3,480,076
Small Business Administration - 0.12%
4.12% due 03/10/2014		1,364,015		1,311,595
6.64% due 02/10/2011		69,866		72,504
7.22% due 11/01/2020		163,385		174,402
				1,558,501
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $357,590,488)			$	363,686,168
FOREIGN GOVERNMENT OBLIGATIONS - 39.94%
Australia - 1.01%
Commonwealth of Australia
5.75% due 06/15/2011	AUD	250,000		225,925
6.00% due 06/14/2011		15,000,000		13,405,743
				13,631,668
Belgium - 2.08%
Kingdom of Belgium
zero coupon due 08/14/2008	EUR	18,000,000		28,010,028

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

93

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Canada - 0.48%
Province of Quebec, Canada
5.00% due 12/01/2038	CAD	5,200,000	$	5,253,244
5.75% due 12/01/2036		1,000,000		1,122,480
6.35% due 06/18/2031		125,000		152,254
				6,527,978
Finland - 0.25%
Republic of Finland
5.75% due 02/23/2011	EUR	2,030,000		3,383,851
France - 5.27%
Government of France
3.00% due 07/12/2008		3,000,000		4,721,422
3.40% due 07/25/2029		346,893		649,976
4.00% due 04/25/2055		200,000		278,475
4.00% due 04/25/2014		400,000		636,949
4.00% due 10/25/2014		4,500,000		7,150,690
4.00% due 10/25/2038		10,800,000		15,226,255
4.75% due 04/25/2035		500,000		800,465
5.00% due 10/25/2011		4,550,000		7,480,049
5.25% due 04/25/2008		5,830,000		9,208,892
5.50% due 04/25/2010		5,190,000		8,491,302
5.75% due 10/25/2032		8,900,000		16,256,850
				70,901,325
Germany - 10.96%
Federal Republic of Germany
3.50% due 10/09/2009		1,800,000		2,833,563
3.75% due 07/04/2013		4,200,000		6,677,160
4.00% due 01/04/2037		1,100,000		1,585,798
4.25% due 01/04/2014		10,300,000		16,733,986
4.25% due 07/04/2014		23,200,000		37,693,915
4.50% due 01/04/2013		1,040,000		1,705,851
4.75% due 07/04/2034		1,600,000		2,595,842
5.00% due 01/04/2012		6,600,000		10,919,368
5.375% due 01/04/2010		200,000		325,058
5.50% due 01/04/2031		2,700,000		4,813,949
5.625% due 01/04/2028		13,600,000		24,494,742
6.25% due 01/04/2024		5,900,000		11,259,976
6.25% due 01/04/2030		5,175,000		10,032,219
6.50% due 07/04/2027		8,000,000		15,827,525
				147,498,952
Italy - 0.30%
Republic of Italy
4.25% due 08/01/2014		1,800,000		2,883,095
4.25% due 11/01/2009		140,000		222,418
5.50% due 11/01/2010		560,000		920,144
				4,025,657
Japan - 17.42%
Government of Japan
0.50% due 06/20/2013	JPY	130,000,000		1,287,421
0.80% due 12/10/2015		473,290,000		4,662,628
1.00% due 06/10/2016		1,483,230,000		14,745,996
1.10% due 03/21/2011		360,000,000		3,658,720
1.10% due 12/10/2016		2,705,400,000		27,100,139
1.10% due 09/20/2012		950,000,000		9,695,490
1.20% due 03/10/2017		291,450,000		2,937,306
1.20% due 06/10/2017		5,282,300,000		52,997,876

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Japan (continued)
Government of Japan (continued)
1.50% due 09/20/2014	JPY	660,000,000	$	6,898,311
1.50% due 03/20/2014		480,000,000		5,012,803
1.60% due 06/20/2014		70,000,000		735,641
1.60% due 09/20/2013		400,000,000		4,194,414
2.30% due 06/20/2035		3,410,000,000		33,786,710
2.30% due 05/20/2030		165,000,000		1,668,453
2.40% due 03/20/2034		450,000,000		4,569,965
2.50% due 09/20/2035		800,000,000		8,258,323
2.50% due 06/20/2036		1,370,000,000		14,086,632
2.50% due 03/20/2036		250,000,000		2,572,066
2.50% due 09/20/2036		3,080,000,000		31,651,604
2.50% due 09/20/2037		390,000,000		4,007,207
				234,527,705
Netherlands - 0.30%
Kingdom of Netherlands
5.00% due 07/15/2011	EUR	100,000		164,115
5.50% due 01/15/2028		2,190,000		3,850,677
				4,014,792
Spain - 0.52%
Banco Bilbao Vizcaya Argentaria SA
2.75% due 06/07/2010		1,100,000		1,680,236
Kingdom of Spain
4.20% due 07/30/2013		100,000		160,391
4.75% due 07/30/2014		600,000		991,960
6.15% due 01/31/2013		2,420,000		4,199,114
				7,031,701
Sweden - 0.37%
Kingdom of Sweden
5.00% due 01/28/2009	SEK	14,200,000		2,405,123
5.25% due 03/15/2011		14,350,000		2,511,434
				4,916,557
United Kingdom - 0.98%
Government of United Kingdom
4.25% due 06/07/2032	GBP	500,000		959,380
4.75% due 06/07/2010		100,000		201,988
5.00% due 03/07/2012		1,900,000		3,922,499
5.75% due 12/07/2009		25,000		51,159
6.00% due 12/07/2028		335,000		789,918
8.00% due 12/07/2015		500,000		1,236,428
8.00% due 09/27/2013		2,540,000		6,021,439
				13,182,811
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $488,042,782)			$	537,653,025
CORPORATE BONDS - 28.59%
British Virgin Islands - 0.08%
C10 Capital SPV, Ltd.
6.722% due 12/01/2049 (b)(g)	$	1,100,000		1,016,510
Canada - 2.70%
Alcan, Inc.
6.45% due 03/15/2011		1,100,000		1,171,027
Canada Housing Trust
4.55% due 12/15/2012 (g)	CAD	22,700,000		23,397,166

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

94

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Canada (continued)
Canadian Natural Resources, Ltd.
6.70% due 07/15/2011	$	1,100,000	$	1,161,730
DaimlerChrysler Canada Finance, Inc., MTN
4.85% due 03/30/2009	CAD	1,100,000		1,076,531
Honda Canada Finance, Inc., Series E, MTN
3.7986% due 03/26/2012 (b)		10,200,000		9,589,262
				36,395,716
Cayman Islands - 1.72%
Foundation Re II, Ltd.
9.82% due 11/26/2010 (b)(g)	$	600,000		609,738
Green Valley, Ltd.
8.3758% due 01/10/2012 (b)(g)	EUR	1,200,000		1,909,655
Mitsubishi UFJ Financial Group, Inc., Capital
Finance 1, Ltd.
6.346% due 07/29/2049 (b)	$	2,900,000		2,363,207
Mizuho Finance, Ltd.
1.705% due 09/28/2049 (b)	JPY	200,000,000		2,005,696
1.815% due 12/31/2049 (b)		200,000,000		2,027,526
Mizuho Financial Group (Cayman), Ltd.
8.375% due 12/29/2049	$	1,800,000		1,789,596
MUFG Capital Finance 2, Ltd.
4.85% due 12/31/2049 (b)	EUR	2,900,000		3,201,564
Mystic Re, Ltd.
12.09% due 12/05/2008 (b)(g)	$	500,000		495,250
Pylon, Ltd., Class B
8.624% due 12/29/2008 (b)(g)	EUR	600,000		952,080
Residential Reinsurance 2005, Ltd., Series A
8.5256% due 06/06/2008 (b)(g)	$	500,000		499,800
Residential Reinsurance 2007 Ltd., Series CL5
10.8256% due 06/07/2010 (b)(g)		2,900,000		2,940,741
SMFG Preferred Capital
6.078% due 01/29/2049 (b)(g)		2,600,000		2,038,400
STB Finance Cayman, Ltd.
1.705% due 08/12/2049 (b)	JPY	100,000,000		998,380
Transocean, Inc.
3.2143% due 09/05/2008 (b)	$	1,300,000		1,293,517
				23,125,150
Denmark - 0.62%
Nykredit
6.00% due 10/01/2029	DKK	247,580		53,909
Nykredit Realkredit A/S, Series IOH
5.00% due 10/01/2038		10,997,668		2,196,786
Realkredit Danmark A/S, Series 73D
5.00% due 10/01/2038 (b)		1,399,925		283,044
Realkredit Danmark A/S, Series 83D
5.00% due 10/01/2038		28,929,932		5,859,607
Unikredit Realred
6.00% due 07/01/2029		29,631		6,455
				8,399,801
France - 0.97%
Axa, SA
3.75% due 01/01/2017	EUR	231,700		761,770
BNP Paribas, EMTN
5.25% due 01/23/2014 (b)		125,000		197,282
Caisse Nationale des Caisses d'Epargne et de
Prevoyance, EMTN
6.117% due 10/29/2049 (b)		2,400,000		3,265,696

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
France (continued)
Credit Agricole SA
3.14% due 05/28/2010 (b)(g)	$	5,300,000	$	5,300,944
6.637% due 12/31/2049 (b)(g)		2,900,000		2,246,453
France Telecom SA
7.5 due 03/14/2011	GBP	405,000		846,207
GIE PSA Tresorerie
5.875% due 09/27/2011	EUR	250,000		404,592
				13,022,944
Germany - 0.45%
Deutsche Bank AG
5.375% due 10/12/2012	$	3,100,000		3,239,819
KFW International Finance, Inc.
1.75% due 03/23/2010	JPY	185,000,000		1,893,612
Kreditanstalt Fuer Wiederaufbau
5.00% due 07/04/2011	EUR	250,000		408,479
Lbank Rheinland Pfalz Giro
4.75% due 04/04/2008		330,000		520,991
				6,062,901
Iceland - 0.24%
Glitnir Banki HF
4.3337% due 01/21/2011 (b)(g)	$	900,000		685,557
4.4212% due 01/18/2012 (b)(g)		1,100,000		831,968
Kaupthing Bank HF
5.75% due 10/04/2011 (g)		1,000,000		798,237
Landsbanki Islands HF
3.793% due 08/25/2009 (b)(g)		1,000,000		906,709
				3,222,471
Ireland - 0.12%
Bank of Ireland
6.45% due 02/10/2010	EUR	1,000,000		1,607,780
Italy - 0.53%
Edison SpA, EMTN
5.125% due 12/10/2010		210,000		334,113
Intesa Sanpaolo SpA, EMTN
6.375% due 11/12/2017 (b)	GBP	3,050,000		5,935,208
Telecom Italia SpA, EMTN
6.25% due 02/01/2012	EUR	580,000		902,938
				7,172,259
Japan - 0.78%
Bank of Tokyo-Mitsubishi UFJ, Ltd., Series E, MTN
3.50% due 12/16/2015 (b)		900,000		1,325,299
Mizuho Finance, Ltd.
2.435% due 04/27/2049 (b)	JPY	100,000,000		1,012,889
Mizuho Trust & Banking Company
2.8813% due 04/27/2009		100,000,000		1,018,623
Resona Bank, Ltd.
5.85% due 09/29/2049 (b)(g)	$	2,700,000		2,243,727
Sumitomo Mitsui Banking Corp.
4.375% due 10/27/2014 (b)	EUR	250,000		381,505
5.625% due 07/29/2049 (b)(g)	$	500,000		422,910
Sumitomo Mitsui Banking Corp., Series E, MTN
1.7463% due 12/31/2049 (b)	JPY	100,000,000		1,004,860
1.88% due 12/01/2049 (b)		300,000,000		3,031,824
				10,441,637

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

95

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Jersey Channel Islands - 0.29%
HBOS Capital Funding LP
9.54% due 03/12/2049 (b)	GBP	1,700,000	$	3,347,445
HSBC Capital Funding LP
8.03% due 12/29/2049 (b)	EUR	350,000		562,624
				3,910,069
Luxembourg - 0.28%
Gazstream SA for Gazprom OAO
5.625% due 07/22/2013	$	211,913		210,888
Telecom Italia Finance SA, EMTN
7.25 due 04/20/2011	EUR	125,000		200,255
VTB Capital SA
3.8393% due 08/01/2008 (b)(g)	$	3,400,000		3,361,750
				3,772,893
Netherlands - 0.24%
Deutsche Telekom International Finance BV
8.125% due 05/29/2012	EUR	180,000		308,894
8.25% due 06/15/2030	$	800,000		959,668
E.ON International Finance BV, EMTN
5.75% due 05/29/2009	EUR	590,000		942,752
RWE Finance BV, EMTN
6.125% due 10/26/2012		125,000		208,352
Siemens Financieringsmaatschappij NV
3.1175% due 08/14/2009 (b)(g)	$	800,000		800,557
				3,220,223
Spain - 0.63%
Banco Santander SA
4.50% due 11/14/2012	EUR	1,400,000		2,219,025
Santander Perpetual SA Unipersonal
6.671% due 10/29/2049 (b)(g)	$	1,600,000		1,441,858
Santander US Debt SA Unipersonal
2.6588% due 09/19/2008 (b)(g)		2,400,000		2,393,318
3.0743% due 11/20/2009 (g)		2,500,000		2,473,098
				8,527,299
Sweden - 0.06%
Spintab AB, Series 168
6.00% due 04/20/2009	SEK	5,000,000		852,424
Switzerland - 0.24%
UBS AG/Stamford Branch, Series DPNT
5.875% due 12/20/2017	$	3,100,000		3,168,597
Tunisia - 0.15%
Banque Centrale de Tunisie
4.50% due 06/22/2020	EUR	1,500,000		2,021,738
United Kingdom - 2.30%
Anglian Water Services Finance PLC, EMTN
4.625% due 10/07/2013		250,000		382,156
AWG PLC
5.375% due 07/02/2009		400,000		637,512
Barclays Bank PLC
6.05% due 12/04/2017 (g)	$	11,500,000		11,216,790
8.25% due 02/28/2049	GBP	1,600,000		3,191,753
British Sky Broadcasting Group PLC
6.10% due 02/15/2018	$	4,200,000		4,190,399
Cadbury Schweppes Investments PLC, EMTN
4.25% due 06/30/2009	EUR	675,000		1,059,116

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United Kingdom (continued)
HBOS PLC
5.92% due 09/29/2049 (b)(g)	$	2,800,000	$	2,059,896
HSBC Holdings PLC
6.50% due 05/02/2036		3,100,000		2,998,977
Lloyds TSB Bank PLC
5.625% due 07/15/2049 (b)	EUR	1,020,000		1,581,439
National Grid PLC, EMTN
4.98% due 06/22/2011	CAD	2,000,000		1,955,419
NGG Finance PLC
6.125% due 08/23/2011	EUR	250,000		407,021
Royal Bank of Scotland Group PLC
7.0916% due 10/29/2049		500,000		702,614
Royal Bank of Scotland PLC, EMTN
4.875% due 03/26/2009		125,000		196,425
Tate & Lyle International Finance PLC
5.00% due 11/15/2014 (g)	$	400,000		371,573
				30,951,090
United States - 16.19%
ACE INA Holdings, Inc.
5.875% due 06/15/2014		500,000		516,524
American Express Centurion Bank, BKNT
3.075% due 05/07/2008 (b)		2,400,000		2,399,518
American Express Company
7.00% due 03/19/2018		6,900,000		7,243,751
American International Group, Inc.
2.5987% due 06/23/2008 (b)(g)		3,400,000		3,384,907
American International Group, Inc., MTN
5.85% due 01/16/2018		3,300,000		3,238,425
American International Group, Inc., Series A3
4.875% due 03/15/2067 (b)	EUR	1,700,000		2,014,893
Amgen, Inc.
3.17% due 11/28/2008 (b)	$	2,900,000		2,896,590
Autozone, Inc.
5.875% due 10/15/2012		800,000		809,638
Bank of America Corp., MTN
4.75% due 05/23/2017 (b)	EUR	4,600,000		6,814,295
Bear Stearns Companies, Inc.
6.95% due 08/10/2012	$	5,000,000		5,002,465
7.25% due 02/01/2018		6,800,000		7,027,059
BellSouth Corp.
3.165% due 08/15/2008 (b)		2,300,000		2,297,040
4.24% due 04/26/2021 (b)(g)		7,400,000		7,404,736
5.20% due 09/15/2014		1,000,000		998,345
Boston Scientific Corp.
6.00% due 06/15/2011		800,000		780,000
6.40% due 06/15/2016		1,600,000		1,492,000
Charter One Bank N.A., BKNT
3.2938% due 04/24/2009 (b)		7,000,000		6,957,762
CIT Group, Inc., MTN
3.19% due 08/17/2009 (b)		3,000,000		2,520,294
Citigroup Capital XXI
8.30% due 12/21/2057 (b)		5,400,000		5,321,014
Citigroup Funding, Inc., MTN
2.5987% due 04/23/2009 (b)		800,000		790,104
Citigroup, Inc.
2.695% due 12/26/2008 (b)		2,400,000		2,396,578
2.7012% due 12/28/2009 (b)		2,600,000		2,545,431
6.00% due 08/15/2017		2,900,000		2,859,513

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

96

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
Clorox Company
5.45% due 10/15/2012	$	3,000,000	$	3,088,380
CNA Financial Corp.
5.85% due 12/15/2014		4,000,000		3,957,708
6.00% due 08/15/2011		1,600,000		1,642,992
ConocoPhillips Australia Funding Company
4.6431% due 04/09/2009 (b)		3,192,000		3,183,311
Consumers Energy Company
5.00% due 02/15/2012		700,000		709,332
CVS Caremark Corp.
5.75% due 08/15/2011		300,000		313,828
DaimlerChrysler NA Holding Corp.
4.875% due 06/15/2010		300,000		301,812
DaimlerChrysler NA Holding Corp., MTN
5.75% due 09/08/2011		400,000		408,409
EchoStar DBS Corp.
5.75% due 10/01/2008		300,000		298,500
Exelon Corp.
4.90% due 06/15/2015		1,000,000		952,642
Financing Corp Fico, Series 13P
zero coupon due 12/27/2018		11,300,000		7,123,667
Ford Motor Credit Company
7.875% due 06/15/2010		800,000		697,550
General Electric Capital Corp.
4.625% due 09/15/2066 (b)(g)	EUR	100,000		138,207
6.375% due 11/15/2067 (b)	$	3,200,000		3,131,261
6.625% due 02/04/2010	NZD	250,000		191,191
General Electric Capital Corp., MTN
2.9413% due 12/12/2008 (b)	$	1,300,000		1,302,531
3.9937% due 10/21/2010 (b)		500,000		495,456
General Motors Acceptance Corp.
6.75% due 12/01/2014		1,300,000		920,011
7.00% due 02/01/2012		1,500,000		1,140,718
GMAC LLC
4.315% due 05/15/2009 (b)		1,800,000		1,538,397
4.75% due 09/14/2009	EUR	200,000		260,886
6.00% due 12/15/2011	$	1,500,000		1,121,240
Goldman Sachs Group, Inc.
3.0487% due 03/22/2016 (b)		1,100,000		956,136
5.95% due 01/18/2018		800,000		792,200
6.25% due 09/01/2017		9,900,000		9,963,726
Goldman Sachs Group, Inc., Series E, MTN
5.375% due 02/15/2013	EUR	1,300,000		1,971,245
Health Care Property Investors, Inc., REIT
5.95% due 09/15/2011	$	300,000		290,857
HSBC Finance Corp.
3.9537% due 10/21/2009 (b)		3,200,000		3,088,480
HSBC Finance Corp., MTN
2.6688% due 06/19/2009 (b)		3,800,000		3,602,807
International Lease Finance Corp.
5.35% due 03/01/2012		1,100,000		1,083,187
Johnson Controls, Inc.
5.25% due 01/15/2011		900,000		928,656
JP Morgan & Company, Inc., Series A, MTN
5.8857% due 02/15/2012 (b)		360,000		370,382
JP Morgan Chase & Company
6.00% due 01/15/2018		5,200,000		5,422,669
JP Morgan Chase & Company, MTN
3.125% due 05/07/2010 (b)		5,800,000		5,724,815

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
JP Morgan Chase & Company, MTN (continued)
5.058% due 02/22/2021 (b)	CAD	1,000,000	$	914,803
JP Morgan Chase Bank NA
4.375% due 11/30/2021 (b)	EUR	1,900,000		2,360,931
JP Morgan Chase Bank NA, BKNT
6.00% due 10/01/2017	$	2,300,000		2,397,113
JP Morgan Chase Capital XX, Series T
6.55% due 09/29/2036		1,300,000		1,137,317
JP Morgan Chase Capital XXII, Series V
6.45% due 02/02/2037		1,800,000		1,553,058
Kinder Morgan Energy Partners LP, MTN
6.95% due 01/15/2038		4,000,000		3,925,476
Kraft Foods, Inc.
6.25% due 06/01/2012		1,200,000		1,249,685
Lehman Brothers Holdings, Inc., MTN
5.625% due 01/24/2013		4,500,000		4,375,643
Loews Corp.
5.25% due 03/15/2016		400,000		399,937
Longpoint Re, Ltd.
8.05% due 05/08/2010 (b)(g)		1,600,000		1,614,001
Marsh & McLennan Companies, Inc.
5.15% due 09/15/2010		900,000		897,929
Masco Corp.
5.875% due 07/15/2012		300,000		302,408
May Department Stores Company
4.80% due 07/15/2009		300,000		296,461
Merrill Lynch & Company, Inc., MTN
3.1575% due 08/14/2009 (b)		400,000		391,801
3.8875% due 10/23/2008 (b)		2,000,000		1,993,058
Metropolitan Life Global Funding I, MTN
3.11% due 05/17/2010 (b)(g)		2,900,000		2,839,610
Mizuho JGB Investment LLC
9.87% due 12/31/2049 (b)		400,000		399,999
9.87% due 12/31/2049 (b)(g)		560,000		562,327
Mizuho Preferred Capital Company LLC
8.79% due 12/29/2049 (b)(g)		1,900,000		1,909,367
Morgan Stanley
4.7375% due 10/15/2015 (b)		2,100,000		1,700,338
6.25% due 08/28/2017		500,000		497,274
Morgan Stanley, MTN
2.6387% due 11/21/2008 (b)		300,000		298,192
Morgan Stanley, Series F, MTN
3.2118% due 05/07/2009 (b)		2,800,000		2,753,173
News America Holdings, Inc.
6.75% due 01/09/2038		125,000		130,840
Nisource Finance Corp.
5.40% due 07/15/2014		400,000		395,474
Nordea Bank Finland NY, Series YCD
3.0644% due 04/09/2009		6,900,000		6,893,790
NRG Energy, Inc.
6.48% due 02/01/2013		947,590		826,772
PLD International Finance LLC
4.375% due 04/13/2011	EUR	350,000		499,272
Reynolds American, Inc.
3.50% due 06/15/2011 (b)	$	800,000		748,000
Ryder System, Inc., MTN
5.85% due 11/01/2016		1,100,000		1,069,057
Sara Lee Corp.
6.25% due 09/15/2011		800,000		847,536

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

97

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
SB Treasury Company LLC
9.40% due 12/29/2049 (b)	$	1,100,000	$	1,114,621
9.40% due 12/29/2049 (b)(g)		2,370,000		2,400,931
Sealed Air Corp.
5.625% due 07/15/2013 (g)		1,200,000		1,254,548
Sprint Capital Corp.
6.375% due 05/01/2009		50,000		49,250
8.75% due 03/15/2032		300,000		253,500
Sprint Nextel Corp.
6.00% due 12/01/2016		1,400,000		1,088,500
State Street Capital Trust IV
6.6943% due 06/01/2067 (b)		2,300,000		1,722,884
Supervalu, Inc.
7.50% due 11/15/2014		200,000		202,000
Time Warner, Inc.
3.30% due 11/13/2009 (b)		2,400,000		2,298,108
Tokai Preferred Capital Company LLC
9.98% due 12/29/2049 (b)		1,100,000		1,109,327
Unicredit Luxembourg Finance SA
3.7675% due 10/24/2008 (b)(g)		400,000		399,582
US Bancorp
2.7075% due 04/28/2009 (b)		2,500,000		2,485,682
Verizon Communications, Inc.
6.40% due 02/15/2038		4,300,000		4,186,360
Viacom, Inc.
5.75% due 04/30/2011		1,200,000		1,212,780
Wal-Mart Stores, Inc.
5.25% due 09/28/2035	GBP	250,000		445,415
Wells Fargo & Company
3.50% due 04/04/2008 (c)	$	250,000		249,998
4.375% due 01/31/2013 (c)		2,700,000		2,686,173
Westpac Banking Corp., Series DPNT
3.04% due 06/06/2008 (b)		2,500,000		2,499,520
Xerox Corp.
9.75% due 01/15/2009		1,200,000		1,246,799
				217,910,691
TOTAL CORPORATE BONDS (Cost $384,857,715)			$	384,802,193
MUNICIPAL BONDS - 1.24%
California - 0.89%
California State Various Purpose
5.00% due 11/01/2037		3,800,000		3,696,868
Golden State Tobacco Securitization Corp.,
California Tobacco Settlement Revenue, Series
A-1
5.125% due 06/01/2047		200,000		161,128
5.75% due 06/01/2047		6,505,000		5,740,598
Los Angeles California Wastewater
Systems Revenue, Series A
5.00% due 06/01/2027		200,000		200,708
Metropolitan Water District Southern California
Waterworks Revenue
5.00% due 10/01/2036		45,000		45,128
State of California
5.00% due 06/01/2032		2,200,000		2,163,480
				12,007,910

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
MUNICIPAL BONDS (continued)
Illinois - 0.01%
Chicago Illinois, Series A
9.248% due 01/01/2030	$	230,000	$	181,843
Iowa - 0.04%
Tobacco Settlement Authority of Iowa, Tobacco
Settlement Revenue, Series A
6.50% due 06/01/2023		575,000		562,781
Kentucky - 0.01%
Louisville & Jefferson Kentucky Sewer, Series A
5.00% due 05/15/2036		100,000		98,804
New York - 0.09%
New York City Municipal Water Finance Authority,
Water & Sewer Revenue, Series 1289
9.248% due 06/15/2038 (b)		200,000		167,784
New York City Transitional Financial Authority
5.00% due 02/01/2028		285,000		287,707
Tobacco Settlement Financing Corp., Asset
Backed Series A-1-Callable
5.25% due 06/01/2013		700,000		701,778
				1,157,269
Ohio - 0.18%
Buckeye Tobacco Settlement Financing Authority
5.875% due 06/01/2047		2,700,000		2,375,676
Puerto Rico - 0.00%
Puerto Rico Sales Tax Financing Corp.
zero coupon due 08/01/2054		800,000		52,240
Texas - 0.02%
Harris County, Texas
5.00% due 08/01/2033		200,000		202,166
TOTAL MUNICIPAL BONDS (Cost $17,378,648)			$	16,638,689
COLLATERALIZED MORTGAGE
OBLIGATIONS - 11.47%
Cayman Islands - 0.00%
SHL Corp Ltd., Series 1999-1A, Class A2
1.6663% due 12/25/2024 (b)(g)	JPY	1,902,380		19,108
Ireland - 0.33%
Emerald Mortgages PLC, Series 2, Class A
4.569% due 04/30/2028 (b)	EUR	255,243		402,750
Immeo Residential Finance PLC, Series 2007-2,
Class A
4.766% due 12/15/2016 (b)		2,179,712		3,318,266
Lusitano Motgages PLC, Series 1, Class A
4.886% due 12/15/2035 (b)		497,680		765,365
				4,486,381
Italy - 0.54%
Seashell Securities PLC, Series 2001-II, Class A
4.588% due 07/25/2028 (b)		455,199		714,283
Siena Mortgages, Series 2003-4, Class A2
4.836% due 12/16/2038 (b)		4,285,624		6,536,261
				7,250,544
Netherlands - 0.35%
Arena BV, Series 2000-I, Class A
6.10% due 11/15/2062 (b)		500,000		802,320

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

98

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Netherlands (continued)
Atomium Mortgage Finance BV,
Series 2003-I, Class A
4.41% due 04/18/2009 (b)	EUR	144,548	$	225,644
Delphinus BV, Series 2001-II, Class A1
4.672% due 11/28/2031 (b)		298,159		462,754
Delphinus BV, Series 2002-I, Class A1
4.538% due 04/25/2092 (b)		171,448		269,783
Delphinus BV, Series 2003-I, Class A1
4.568% due 04/25/2093 (b)		500,000		783,328
Dutch MBS BV, Series X, Class B
4.97% due 10/02/2079 (b)		810,555		1,251,388
Dutch MBS BV, Series XI, Class A1
4.614% due 11/02/2034 (b)		142,341		222,627
Dutch Mortgage Portfolio Loans, BV,
Series III, Class A
4.608% due 11/20/2035 (b)		234,109		354,013
Holland Euro-Denominated Mortgage
Backed Series, Series 2, Class A
4.779% due 04/18/2012 (b)		252,327		393,510
				4,765,367
Spain - 0.09%
Bancaja Fondo de Titulizacion de Activos, Series
2005-8, Class A
4.398% due 10/25/2037 (b)		898,382		1,269,745
United Kingdom - 0.53%
Bauhaus Securities Ltd., Series 1, Class A2
4.698% due 10/30/2052 (b)		457,953		719,377
Haus, Ltd., Series 2000-1A, Class A2
4.512% due 12/10/2037 (b)(g)		420,772		656,959
Permanent Financing PLC,
Series 2004-4, Class 5A2
5.9544% due 06/10/2042 (b)	GBP	3,000,000		5,691,746
				7,068,082
United States - 9.63%
Adjustable Rate Mortgage Trust, Series 2005-5,
Class 2A1
5.1329% due 09/25/2035 (b)	$	305,304		296,325
American Home Mortgage Assets, Series 2006-5,
Class A1
5.246% due 11/25/2046 (b)		1,525,275		1,216,034
American Home Mortgage Investment Trust,
Series 2004-3, Class 5A
4.29% due 10/25/2034 (b)		225,516		203,135
Banc of America Funding Corp., Series 2006-J,
Class 4A1
6.1421% due 01/20/2047 (b)		434,414		376,112
Banc of America Mortgage Securities,
Series 2004-4, Class 1A9
5.00% due 05/25/2034		525,099		482,052
BCAP LLC Trust, Series 2006-AA2, Class A1
2.7687% due 01/25/2037 (b)		4,598,886		3,235,177
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-7, Class 6A
4.6413% due 10/25/2033 (b)		468,597		448,131
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-9, Class 2A1
4.4876% due 02/25/2034 (b)		76,136		71,204

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-2, Class 22A
4.409% due 05/25/2034 (b)	$	901,018	$	886,423
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-2, Class 23A
4.6412% due 05/25/2034 (b)		322,585		313,667
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-9, Class 22A1
4.7773% due 11/25/2034 (b)		328,621		318,489
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A1
4.125% due 03/25/2035 (b)		5,537,733		5,292,422
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A2
4.125% due 03/25/2035 (b)		3,329,241		3,171,956
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-5, Class A1
4.55% due 08/25/2035 (b)		4,162,103		4,040,960
Bear Stearns Alt-A Trust, Series 2005-7, Class 22A1
5.525% due 09/25/2036 (b)		2,217,044		1,819,021
Bear Stearns Alt-A Trust, Series 2005-9, Class 24A1
5.5755% due 11/25/2035 (b)		1,945,743		1,540,462
Bear Stearns Alt-A Trust, Series 2006-1, Class 21A2
5.9356% due 02/25/2036 (b)		3,639,521		2,685,431
Bear Stearns Structured Products, Inc., Series
2007-R6, Class 1A1
5.6815% due 01/26/2036 (b)		3,829,391		3,238,302
Bear Stearns Structured Products, Inc., Series
2007-R7, Class A1
2.8062% due 01/25/2037 (b)(g)		5,171,914		4,914,171
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A1
4.7475% due 08/25/2035 (b)		1,719,921		1,707,872
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A2
4.2475% due 08/25/2035 (b)		1,666,115		1,580,340
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2007-CD4, Class A4
5.322% due 12/11/2049		5,600,000		5,404,938
Countrywide Alternative Loan Trust, Series
2005-21CB, Class A3
5.25% due 06/25/2035		537,404		470,178
Countrywide Alternative Loan Trust, Series
2007-OA7, Class A1A
2.7787% due 05/25/2047 (b)		3,466,033		2,625,062
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-12, Class 11A1
6.136% due 08/25/2034 (b)		200,752		179,354
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-22, Class A3
4.7999% due 11/25/2034 (b)		631,058		591,734
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB5, Class 2A1
4.842% due 04/20/2035 (b)		335,465		318,664
Countrywide Home Loans,
Series 2004-25, Class 1A1
2.9288% due 02/25/2035 (b)		93,128		77,575

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

99

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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
2.9388% due 02/25/2035 (b)	$	136,678	$	109,457
Countrywide Mortgage Backed Securities, Inc.,
Series 2005-2, Class 2A1
2.9188% due 03/25/2035 (b)		212,585		164,333
CS First Boston Mortgage Securities Corp., Series
2003-AR18, Class 2A3
5.1045% due 07/25/2033 (b)		75,900		72,639
CS First Boston Mortgage Securities Corp., Series
2003-AR20, Class 2A1
4.0987% due 08/25/2033 (b)		1,224,831		1,137,477
CS First Boston Mortgage Securities Corp.,
Series 2002-AR13, Class 3A
5.6382% due 05/25/2032 (b)		13,260		13,230
CS First Boston Mortgage Securities Corp.,
Series 2003-8, Class 5A1
6.50% due 04/25/2033		66,855		64,031
CSAB Mortgage Backed Trust,
Series 2006-1, Class A1A
2.6988% due 06/25/2036 (b)		293,019		288,460
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3336, Class GA
5.00% due 05/15/2027		5,399,098		5,478,890
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3346, Class FA
2.9675% due 02/15/2019 (b)		7,738,539		7,684,707
Federal Home Loan Mortgage Corp., Series 2752,
Class FM
3.1675% due 12/15/2030 (b)		378,561		370,035
Federal Home Loan Mortgage Corp.,
Series 2003-2581, Class QG
5.00% due 12/15/2031		2,500,000		2,488,969
Federal Home Loan Mortgage Corp.,
Series 2005-2922, Class EH
4.50% due 07/15/2023		3,953,026		3,986,154
Federal Home Loan Mortgage Corp.,
Series 2005-3037, Class BC
4.50% due 02/15/2020		5,722,153		5,798,423
Federal Home Loan Mortgage Corp., Structured
Pass Through Securities, Series T-62, Class
1A1
5.722% due 10/25/2044 (b)		3,184,436		3,151,817
First Alliance Mortgage Loan,
Series 1997-4, Class A3
2.7656% due 12/20/2027 (b)		32,824		31,768
First Horizon Asset Securities, Inc., Series
2003-AR2, Class 2A1
4.7487% due 07/25/2033 (b)		169,603		168,879
First Horizon Asset Securities, Inc., Series
2003-AR4, Class 2A1
4.3982% due 12/25/2033 (b)		481,431		463,068
First Horizon Asset Securities, Inc., Series
2005-AR3, Class 2A1
5.3699% due 08/25/2035 (b)		313,730		294,952
First Republic Mortgage Loan Trust,
Series 2001-FRB1, Class A
3.1675% due 11/15/2031 (b)		131,957		122,025

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
GMAC Mortgage Corp. Loan Trust, Series
2004-AR1, Class 22A
4.3234% due 06/25/2034 (b)	$	64,883	$	51,906
GMAC Mortgage Corp. Loan Trust,
Series 2004-J4, Class A1
5.50% due 09/25/2034		341,354		335,356
Greenpoint Mortgage Funding Trust, Series
2006-AR6, Class A1A
2.6787% due 10/25/2046 (b)		3,471,829		3,125,284
Greenpoint Mortgage Pass-Through Certificates,
Series 2003-1, Class A1
4.3855% due 10/25/2033 (b)		73,173		70,081
GS Mortgage Securities Corp., Series 2003-1,
Class A2
3.2987% due 01/25/2032 (b)		131,730		128,765
GSR Mortgage Loan Trust, Series 2003-1, Class A2
4.513% due 03/25/2033 (b)		434,911		408,833
Harborview Mortgage Loan Trust, Series 2003-1,
Class A
5.0761% due 05/19/2033 (b)		727,347		704,853
Harborview Mortgage Loan Trust, Series 2005-4,
Class 3A1
5.1372% due 07/19/2035 (b)		120,880		115,498
Harborview Mortgage Loan Trust,
Series 2006-12, Class 2A2A
2.7488% due 01/19/2038		952,361		723,335
Indymac Index Mortgage Loan Trust, Series
2004-AR11, Class 2A
5.0515% due 12/25/2034 (b)		174,601		159,002
JP Morgan Alternative Loan Trust, Series 2006-A6,
Class 2A1
5.50% due 11/25/2036 (b)		1,368,686		1,220,314
JP Morgan Mortgage Trust, Series 2003-A2, Class
3A1
4.3894% due 11/25/2033 (b)		434,975		413,390
JP Morgan Mortgage Trust, Series 2005-A1, Class
6T1
5.0226% due 02/25/2035 (b)		937,396		852,079
JP Morgan Mortgage Trust,
Series 2007-A1, Class 5A5
4.7663% due 07/25/2035 (b)		5,101,588		4,912,050
Mastr Adjustable Rate Mortgages Trust, Series
2004-6, Class 4A4
4.1388% due 07/25/2034 (b)		600,000		574,615
Mellon Residential Funding Corp., Series
2000-TBC3, Class A1
3.5612% due 12/15/2030 (b)		138,188		132,977
Merrill Lynch Credit Corp. Mortgage Investors, Inc.,
Series 1999-A, Class A
3.1975% due 03/15/2025 (b)		73,066		58,872
Merrill Lynch Mortgage Investors, Inc., Series
2003-A2, Class 1A1
6.8516% due 02/25/2033 (b)		441,102		440,727
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 1A
4.25% due 10/25/2035 (b)		2,525,654		2,369,434
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 4A
2.8488% due 11/25/2035 (b)		2,253,344		2,033,799

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

100

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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-A10, Class A
2.8087% due 02/25/2036 (b)	$	6,746,438	$	5,411,141
Merrill Lynch Mortgage Investors, Inc., Series
2005-A8, Class A3A2
2.8487% due 08/25/2036 (b)		363,156		247,262
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2007-5, Class A4
5.378% due 08/12/2048		1,400,000		1,354,367
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2007-8, Class A3
5.9573% due 08/12/2049 (b)		3,200,000		3,228,013
Merrill Lynch/Countrywide Commercial
Mortgage Trust, Series 2006-3, Class A4
5.414% due 07/12/2046 (b)		2,400,000		2,354,794
Residential Accredit Loans, Inc., Series 2006-QO6,
Class A1
2.7787% due 06/25/2046 (b)		4,566,427		3,723,223
Residential Funding Mortgage Securities I, Series
2005-SA4, Class 1A21
5.2123% due 09/25/2035 (b)		286,552		241,871
Sequoia Mortgage Trust, Series 5, Class A
2.9088% due 10/19/2026 (b)		98,059		93,042
Sequoia Mortgage Trust, Series 2003-4, Class 2A1
2.8856% due 07/20/2033 (b)		349,342		333,128
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-1, Class 4A1
4.18% due 02/25/2034 (b)		332,811		297,420
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-12, Class 7A1
5.21% due 09/25/2034 (b)		1,472,624		1,431,573
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-4, Class 3A2
4.59% due 04/25/2034 (b)		727,875		687,467
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR5, Class 1A1
2.8087% due 05/25/2046 (b)		1,068,576		807,943
WaMu Mortgage Pass-Through Certificates, Series
2002-AR17, Class 1A
5.526% due 11/25/2042 (b)		828,857		786,908
WaMu Mortgage Pass-Through Certificates, Series
2002-AR2, Class A
5.22% due 02/27/2034 (b)		160,775		152,653
WaMu Mortgage Pass-Through Certificates, Series
2003-AR5, Class A7
4.208% due 06/25/2033 (b)		326,203		325,452
WaMu Mortgage Pass-Through Certificates, Series
2005-AR15, Class A1A1
2.8588% due 11/25/2045 (b)		414,164		333,644
WaMu Mortgage Pass-Through Certificates, Series
2005-AR2, Class 2A1A
2.9087% due 01/25/2045 (b)		120,279		95,788
WaMu Mortgage Pass-Through Certificates, Series
2005-AR6, Class 2A1A
2.8287% due 04/25/2045 (b)		240,985		186,171
WaMu Mortgage Pass-Through Certificates,
Series 2003-R1, Class A1
3.1388% due 12/25/2027 (b)		395,236		350,063

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2006-AR5,
Class 3A
5.266% due 07/25/2046 (b)	$	720,364	$	459,796
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR11, Class 1A1
4.6154% due 06/25/2035 (b)		8,851,197		8,443,256
				129,570,650
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $156,216,752)			$	154,429,877
ASSET BACKED SECURITIES - 1.36%
Ireland - 0.45%
CARS ALLIANCE FUNDING PLC, Series 2007-1,
Class A
4.75% due 10/08/2023 (b)	EUR	1,400,000		2,119,290
SC Germany Auto, Series 2007-1, Class A
4.333% due 08/11/2015 (b)		2,471,741		3,897,379
				6,016,669
Netherlands - 0.07%
Globaldrive BV, Series 2007-1, Class B
4.622% due 06/20/2015 (b)		650,000		962,050
United States - 0.84%
Amortizing Residential Collateral Trust,
Series 2002-BC4, Class A
2.8888% due 07/25/2032 (b)	$	6,344		5,614
Amresco Residential Securities,
Series 1999-1, Class A
3.5387% due 06/25/2029 (b)		27,650		26,344
Home Equity Asset Trust, Series 2002-1, Class A4
3.1988% due 11/25/2032 (b)		1,283		1,091
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2006-CB17, Class A4
5.429% due 12/12/2043		1,700,000		1,665,557
Residential Asset Mortgage Products, Inc.,
Series 2002-RS3, Class AII1
3.1588% due 06/25/2032 (b)		20,226		19,897
Residential Asset Securities Corp.,
Series 2002-KS4, Class AIIB
3.0988% due 07/25/2032 (b)		69,846		63,539
Securitized Asset Backed Receivables LLC Trust,
Series 2007-NC1, Class A2A
2.6488% due 12/25/2036 (b)		3,484,699		3,306,600
Structured Asset Mortgage Investments, Inc.,
Series 2004-AR3, Class 1A2
2.8488% due 07/19/2034 (b)		181,823		158,088
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C28, Class A4
5.572% due 10/15/2048 (b)		4,700,000		4,654,076
Wells Fargo Home Equity Trust,
Series 2005-2, Class AI1A
2.8287% due 10/25/2035 (b)(g)		1,442,972		1,389,065
				11,289,871
TOTAL ASSET BACKED SECURITIES
(Cost $18,259,522)			$	18,268,590

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

101

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
SUPRANATIONAL OBLIGATIONS - 0.17%
Japan - 0.07%
Inter-American Development Bank
1.90% due 07/08/2009	JPY	100,000,000	$	1,017,004
United States - 0.10%
European Investment Bank
5.305% due 04/22/2008 (b)	$	1,343,900		1,344,731
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $2,175,457)			$	2,361,735
PREFERRED STOCKS - 0.85%
United States - 0.85%
Bank of America Corp., 8.00% (b)		9,000,000		9,010,800
DG Funding Trust, 4.94625% (b)(g)		236		2,454,400
				11,465,200
TOTAL PREFERRED STOCKS (Cost $11,585,600)			$	11,465,200
TERM LOANS - 1.88%
Australia - 0.22%
Seven Media Group, Term T1
9.9467% due 02/07/2013 (b)	AUD	3,436,190		2,920,510
United States - 1.66%
Chrysler Financial
6.80% due 08/03/2012 (b)	$	12,445,480		10,378,659
Ford Motor Company, Term B
5.80% due 11/29/2013		987,500		815,023
Georgia Pacific Corp.
6.8941% due 12/20/2012 (b)		1,960,000		1,816,116
HCA, Inc.
4.95% due 11/16/2013 (b)		1,980,000		1,825,313
MGM Studios, Term B
5.95% due 04/08/2012 (b)		989,924		786,163
NRG Energy, Inc., Tranche B
4.20% due 02/01/2013 (b)		3,052,410		2,798,893
Shackleton B Event Linked Loan
11.25% due 08/01/2008 (b)		2,000,000		1,980,000
Shackleton C Event Linked Loan
10.75% due 08/01/2008 (b)		2,000,000		1,980,000
				22,380,167
TOTAL TERM LOANS (Cost $27,254,725)			$	25,300,677
OPTIONS - 1.91%
France - 0.02%
Over The Counter European Purchase Call Option
on the EUR vs. USD
Expiration 05/21/2010 at $1.3750 *		1,200,000		214,357
Over The Counter European Purchase Put Option
on the EUR vs. USD
Expiration 05/21/2010 at $1.3750 *		1,200,000		40,728
				255,085
Germany - 0.23%
EUREX American Call on Euro-Bobl Futures
Expiration 05/23/2008 at $122.00 *		102,000,000		8,052
EUREX American Call on Euro-Shatz Futures
Expiration 05/23/2008 at $109.00 *		158,600,000		12,520
EUREX American Put on Euro-Bobl Futures
Expiration 05/23/2008 at $104.00 *		23,400,000		3,694

Global Bond Trust (continued)
	Shares or
	Principal
	Amount		Value
OPTIONS (continued)
Germany (continued)
EUREX American Put on Euro-Bund Futures
Expiration 05/23/2008 at $105.00 *	206,900,000	$	32,664
Over The Counter European Purchase Call Option
on the EUR vs. USD
Expiration 07/08/2010 at $1.392 *	12,000,000		1,884,742
Over The Counter European Purchase Put Option
on the EUR vs. USD
Expiration 07/08/2010 at $1.392 *	12,000,000		496,548
Over The Counter European Style Call on
EUR-LIBOR Rate Swaption
Expiration 09/14/2009 at $4.00 *	68,000,000		636,099
			3,074,319
United States - 1.66%
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 10 yrs. Futures
Expiration 05/23/2008 at $132.00 *	630,000		9,844
Expiration 05/23/2008 at $141.00 *	657,000		10,266
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 2 yrs. Futures
Expiration 04/25/2008 at $110.50 *	3,528,000		27,564
Expiration 05/23/2008 at $117.00 *	286,000		2,235
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 5 yrs. Futures
Expiration 05/23/2008 at $125.00 *	2,571,000		20,087
Chicago Board of Trade American Purchase Put on
U.S. Treasury Bond Futures
Expiration 05/23/2008 at $88.00 *	144,000		2,250
Expiration 05/23/2008 at $90.00 *	80,000		1,250
Chicago Board of Trade American Purchase Put on
U.S. Treasury Note 10 yrs. Futures
Expiration 05/23/2008 at $82.00 *	524,000		8,187
Expiration 05/23/2008 at $96.00 *	942,000		14,719
Chicago Mercantile Exchange American Purchase
Put on Eurodollar
Expiration 06/16/2008 at $92.50 *	2,067,500		5,169
Over The Counter European Purchase Call on
FNMA TBA, 5.00%
Expiration 05/06/2008 at $103.00 *	80,000,000		1
Expiration 06/05/2008 at $105.3125 *	67,800,000		1
Over The Counter European Purchase Call on
FNMA TBA, 5.50%
Expiration 06/05/2008 at $105.50 *	27,000,000		0
Over The Counter European Purchase Call Option
on the EUR vs. USD
Expiration 05/19/2010 at $1.3665 *	2,400,000		444,158
Expiration 05/21/2010 at $1.3750 *	2,300,000		410,851
Over The Counter European Purchase Call Option
on the USD vs. JPY
Expiration 03/17/2010 at $103.80 *	12,000,000		259,080
Over The Counter European Purchase Put on
FNMA TBA, 5.50%
Expiration 06/05/2008 at $86.375 *	36,000,000		0
Over The Counter European Purchase Put on
FNMA TBA, 6.00%
Expiration 04/07/2008 at $91.00 *	16,300,000		0
Expiration 05/06/2008 at $92.00 *	10,700,000		0
Over The Counter European Purchase Put on
FNMA TBA, 6.50%
Expiration 04/07/2008 at $95.50 *	7,000,000		0

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

102

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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 EUR vs. USD
Expiration 05/19/2010 at $1.3665 *		2,400,000	$	77,417
Expiration 05/21/2010 at $1.3750 *		2,300,000		78,062
Over The Counter European Purchase Put Option
on the USD vs. JPY
Expiration 03/17/2010 at $103.80 *		12,000,000		1,104,732
Over The Counter European Style Call on
USD-LIBOR Rate Swaption
Expiration 08/03/2009 at $3.50 *		315,800,000		4,389,364
Expiration 07/06/2009 at $4.25 *		100,500,000		2,357,619
Expiration 09/26/2008 at $4.75 *		67,000,000		2,750,658
Expiration 09/26/2008 at $4.75 *		31,000,000		1,272,693
Expiration 09/30/2008 at $4.75 *		30,100,000		1,235,743
Expiration 08/28/2009 at $5.00 *		56,200,000		1,873,725
Expiration 08/28/2009 at $5.00 *		110,100,000		3,670,767
Expiration 08/28/2009 at $5.00 *		24,500,000		816,837
Over The Counter European Style Purchase Call
on USD-LIBOR Rate Swaption
Expiration 09/26/2008 at $4.75 *		37,400,000		1,535,442
				22,378,721
TOTAL OPTIONS (Cost $10,528,629)			$	25,708,125
REPURCHASE AGREEMENTS - 0.55%
Credit Suisse First Boston Tri-Party
Repurchase Agreement dated
03/31/2008 at 1.20% to be
repurchased at $4,000,133 on
04/01/2008, collateralized by
$3,889,000 U.S. Treasury Notes,
4.875% due 06/30/2009 (valued at
$4,099,249, including interest)	$	4,000,000	$	4,000,000
Repurchase Agreement with State Street
Corp. dated 03/31/2008 at 1.60% to be
repurchased at $3,405,151 on 04/01/2008,
collateralized by $3,500,000 Federal Home
Loan Mortgage Corp., 0.00% due
08/04/2008 (valued at $3,473,750,
including interest)		3,405,000		3,405,000
TOTAL REPURCHASE AGREEMENTS
(Cost $7,405,000)			$	7,405,000
SHORT TERM INVESTMENTS - 11.54%
Bank Scotland PLC
2.80% due 05/06/2008	$	25,000,000	$	24,931,944
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008		5,500,000		5,500,000
Nordea Bank Finland PLC, Series YCD
3.0819% due 12/01/2008 (b)		5,300,000		5,295,670
Societe Generale North America
2.80% due 06/16/2008		40,000,000		39,763,556
UBS Finance Delaware LLC
2.85% due 05/01/2008		40,000,000		39,905,000

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Unicredito Italiano Bank Ireland PLC
2.90% due 05/05/2008	$	40,000,000	$	39,890,444
TOTAL SHORT TERM INVESTMENTS
(Cost $155,289,981)			$	155,286,614
Total Investments (Global Bond Trust)
(Cost $1,667,841,825) - 128.86%			$	1,734,514,596
Liabilities in Excess of Other Assets - (28.86)%				(388,498,297)
TOTAL NET ASSETS - 100.00%			$	1,346,016,299
Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
FEDERAL HOME LOAN MORTGAGE CORP. - 9.69%
Federal Home Loan Mortgage Corp.
5.50%, due 08/23/2017	$	16,000,000	$	17,617,504
5.125%, due 11/17/2017		7,100,000	$	7,663,328
5.50%, TBA **		2,000,000	$	2,019,376
TOTAL FEDERAL HOME LOAN MORTGAGE
CORP. (Proceeds $26,628,277)			$	27,300,208
FEDERAL NATIONAL MORTGAGE
ASSOCIATION - 15.68%
Federal National Mortgage Association
5.00%, due 02/13/2017		15,000,000	$	15,966,240
5.00%, due 05/11/2017		8,000,000	$	8,516,896
5.00%, TBA **		19,900,000	$	19,694,791
TOTAL FEDERAL NATIONAL MORTGAGE
ASSOCIATION (Proceeds $43,688,941)			$	44,177,927
U.S. TREASURY BONDS - 2.30%
U.S. Treasury Bonds
6.25%, due 05/15/2030		2,000,000	$	2,556,562
4.50%, due 02/15/2036		3,800,000	$	3,925,579
TOTAL U.S. TREASURY
BONDS (Proceeds $6,467,036)			$	6,482,141
U.S. TREASURY NOTES - 72.33%
U.S. Treasury Notes
4.625%, due 07/31/2012		7,000,000	$	7,651,875
2.75%, due 02/28/2013		27,400,000	$	27,935,149
4.25%, due 08/15/2013		24,200,000	$	26,343,975
4.875%, due 08/15/2016		45,000,000	$	50,407,020
4.625%, due 11/15/2016		33,500,000	$	36,959,914
4.50%, due 05/15/2017		47,500,000	$	51,659,955
4.25%, due 11/15/2017		2,700,000	$	2,883,095
TOTAL U.S. TREASURY
NOTES (Proceeds $201,886,368)			$	203,840,983
Total Securities Sold Short (Global Bond Trust)
(Proceeds $278,670,623)			$	281,801,259

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

103

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Real Estate Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.51%
Australia - 9.20%
Abacus Property Group (a)	1,449,653	$	1,758,424
Aspen Group, Ltd.	1,519,916		2,344,498
Becton Property Group (a)	601,060		1,210,235
Charter Hall Group	1,878,335		2,417,229
Commonwealth Property Office Fund, Ltd.	576,877		702,821
Dexus Property Group, REIT	771,199		1,192,489
FKP Property Group, Ltd. (a)	294,028		770,222
General Property Trust, Ltd.	1,543,341		4,619,581
ING Industrial Fund (a)	513,689		1,005,481
Macquarie CountryWide Trust	184,328		198,301
Macquarie Goodman Group, Ltd. (a)	1,391,337		5,513,306
Macquarie Leisure Trust Group	911,162		2,096,758
Stockland Company, Ltd. (a)	870,980		5,593,158
Stockland, REIT * (a)	14,237		80,800
Valad Property Group (a)	1,313,536		1,167,330
Westfield Group (a)	1,065,160		17,445,554
			48,116,187
Austria - 0.40%
Conwert Immobilien Invest AG *	125,000		2,098,695
Brazil - 1.00%
Brasil Brokers Participacoes SA *	600		418,879
Construtora Tenda SA *	286,450		1,305,978
Iguatemi Empresa de Shopping Centers SA	109,400		1,589,844
Multiplan Empreendimentos Imobiliarios SA *	174,450		1,908,839
			5,223,540
Canada - 1.42%
Allied Properties Real Estate Investment
Trust, REIT	72,550		1,374,736
Boardwalk Real Estate Investment Trust	61,700		2,284,183
Brookfield Properties Corp.	101,025		1,950,793
Chartwell Seniors Housing Real Estate
Investment Trust, REIT	199,400		1,796,921
			7,406,633
China - 1.03%
Guangzhou R&F Properties Company, Ltd., H
Shares	823,200		2,197,009
Shui On Land, Ltd.	3,361,000		3,188,216
			5,385,225
Finland - 0.84%
Sponda Oyj	150,000		1,958,391
Technopolis Oyj (a)	274,999		2,454,473
			4,412,864
France - 4.29%
Fonciere Des Regions	12,000		1,765,869
ICADE *	17,500		2,613,785
Orco Property Group SA (a)	10,000		897,486
Societe de la Tour Eiffel	10,000		1,487,704
Unibail-Rodamco, REIT	28,180		7,226,893
Unibail-Rodamco, REIT	32,820		8,438,703
			22,430,440
Germany - 0.65%
IVG Immobilien AG	100,000		2,795,087

Global Real Estate Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
Magnat Real Estate Opportunities GmbH &
Company KGaA *	345,600	$	600,982
			3,396,069
Guernsey - 0.37%
Camper & Nicholsons Marina Investments, Ltd. *	1,290,000		1,536,120
Eurocastle Investment, Ltd.	34,395		412,652
			1,948,772
Hong Kong - 13.28%
C C Land Holdings, Ltd. (a)	532,000		517,135
China Overseas Land & Investment, Ltd. (a)	4,638,666		8,572,444
China Resources Land, Ltd. (a)	2,470,000		4,337,071
Hang Lung Properties, Ltd.	2,000,408		7,182,968
Henderson Land Development Company, Ltd.	1,063,000		7,652,599
Kerry Properties, Ltd.	873,233		5,339,907
New World China Land, Ltd. (a)	850,000		542,005
New World Development Company, Ltd. (a)	3,950,000		9,716,212
Sun Hung Kai Properties, Ltd.	1,633,185		25,600,469
			69,460,810
India - 0.20%
DLF, Ltd.	44,000		711,829
Peninsula Land, Ltd.	153,214		343,235
			1,055,064
Japan - 12.81%
Aeon Mall Company, Ltd. (a)	75,000		2,105,611
Japan Real Estate Investment Corp., REIT (a)	645		7,569,288
Mitsubishi Estate Company, Ltd.	974,000		23,871,583
Mitsui Fudosan Company, Ltd.	897,000		18,044,760
Nippon Building Fund, Inc., REIT	630		8,028,282
Sumitomo Realty &
Development Company, Ltd. (a)	416,000		7,411,285
			67,030,809
Malaysia - 0.41%
IGB Corp. BHD	1,700,000		840,426
SP Setia BHD	850,500		994,436
Sunrise Berhad	439,280		300,479
			2,135,341
Netherlands - 0.94%
Corio NV	20,000		1,749,432
Eurocommercial Properties NV (a)	22,500		1,257,299
ProLogis European Properties *	120,000		1,902,077
			4,908,808
Norway - 0.26%
Norwegian Property ASA	73,884		640,155
Scandinavian Property Development ASA * (a)	128,960		709,079
			1,349,234
Philippines - 0.26%
Megaworld Corp.	23,260,200		1,374,889
Russia - 0.08%
Sistema Hals *	59,550		426,378
Singapore - 5.37%
Allgreen Properties, Ltd. (a)	1,700,000		1,532,349
Ascendas India Trust *	2,713,549		2,050,268

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

104

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Real Estate Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Singapore (continued)
Ascendas, REIT *	1,252,000	$	2,195,594
Capitaland, Ltd. *	1,585,000		7,407,691
CapitaMall Trust * (a)	1,629,000		4,122,474
CDL Hospitality Trusts, REIT	762,040		1,149,315
City Developments, Ltd.	240,000		1,938,831
Hong Kong Land Holdings, Ltd. (a)	1,856,000		7,701,581
			28,098,103
South Africa - 0.42%
Growthpoint Properties, Ltd. (a)	800,000		1,348,724
Madison Property Fund Managers Holdings,
Ltd. *	800,000		830,248
			2,178,972
Sweden - 0.83%
Hufvudstaden AB (a)	150,000		1,579,022
Klovern AB *	300,000		1,222,835
Lennart Wallenstam Byggnads AB, Series B	76,540		1,552,665
			4,354,522
Switzerland - 0.64%
PSP Swiss Property AG *	50,000		3,376,674
United Kingdom - 8.69%
Aseana Properties, Ltd. *	1,025,000		932,750
Big Yellow Group PLC (a)	280,000		2,415,990
British Land Company PLC	190,000		3,460,586
Capital & Regional PLC	40,000		436,197
Derwent Valley Holdings PLC (a)	115,000		3,464,047
Equest Balkan Properties PLC	696,104		1,098,311
Great Portland Estates PLC (a)	260,000		2,733,818
Hammerson PLC	220,977		4,886,706
Helical Bar PLC	47,765		356,502
Hirco PLC *	250,000		1,588,961
Land Securities Group PLC	305,000		9,137,306
London & Stamford Property, Ltd. *	665,000		1,349,488
Mapeley, Ltd.	34,025		957,066
Mucklow A & J Group PLC	50,000		347,839
North Real Estate Opportunities Fund, Ltd. *	600,000		928,304
Northern European Properties, Ltd.	846,300		1,084,228
Safestore Holdings, Ltd.	528,830		1,691,249
Segro PLC, REIT (a)	275,000		2,770,907
South African Property Opportunities PLC *	1,250,000		2,629,662
Terrace Hill Group PLC	1,500,000		1,569,986
Unite Group PLC	252,449		1,644,766
			45,484,669
United States - 35.12%
Apartment Investment & Management
Company, Class A, REIT	67,187		2,405,966
Avalon Bay Communities, Inc., REIT (a)	133,200		12,856,464
BioMed Realty Trust, Inc., REIT	217,560		5,197,508
Boston Properties, Inc., REIT (a)	106,750		9,828,472
BRE Properties, Inc., Class A, REIT	104,500		4,761,020
Camden Property Trust, REIT	53,600		2,690,720
Colonial Properties Trust, REIT (a)	78,800		1,895,140
Digital Realty Trust, Inc., REIT (a)	139,820		4,963,610
Douglas Emmett, Inc., REIT	92,200		2,033,932
Equity Lifestyle Properties, Inc., REIT	83,790		4,136,712

Global Real Estate Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United States (continued)
Equity Residential, REIT		126,800	$	5,260,932
Federal Realty Investment Trust, REIT (a)		99,400		7,748,230
General Growth Properties, Inc., REIT		339,350		12,952,990
HCP, Inc., REIT		136,475		4,614,220
Host Hotels & Resorts, Inc., REIT		510,030		8,119,678
LTC Properties, Inc., REIT		33,580		863,342
Maguire Properties, Inc., REIT		16,700		238,977
Medical Properties Trust, Inc., REIT		110,550		1,251,426
Nationwide Health Properties, Inc., REIT (a)		155,875		5,260,781
Post Properties, Inc., REIT		52,150		2,014,033
ProLogis, REIT		227,080		13,365,929
Public Storage, Inc., REIT (a)		141,560		12,545,047
Regency Centers Corp., REIT		125,890		8,152,636
Saul Centers, Inc., REIT		20,750		1,042,480
Senior Housing Properties Trust, REIT		128,525		3,046,043
Simon Property Group, Inc., REIT		199,155		18,503,491
Starwood Hotels & Resorts Worldwide, Inc.		38,839		2,009,918
Tanger Factory Outlet Centers, Inc., REIT (a)		105,250		4,048,968
Taubman Centers, Inc., REIT (a)		66,900		3,485,490
The Macerich Company, REIT		35,210		2,474,207
Ventas, Inc., REIT		71,778		3,223,550
Vornado Realty Trust, REIT		147,721		12,735,027
				183,726,939
TOTAL COMMON STOCKS (Cost $548,136,993)			$	515,379,637
CONVERTIBLE BONDS - 0.04%
Germany - 0.04%
Colonia Real Estate AG, Series COLO
1.875% due 12/07/2011	EUR	185,500		202,575
TOTAL CONVERTIBLE BONDS (Cost $247,206)			$	202,575
SHORT TERM INVESTMENTS - 14.40%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	75,330,151	$	75,330,151
TOTAL SHORT TERM INVESTMENTS
(Cost $75,330,151)			$	75,330,151

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

105

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Real Estate Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.02%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$5,330,237 on 04/01/2008,
collateralized by $5,410,000
Federal Home Loan Mortgage
Corp., 5.51% due 01/23/2023
(valued at $5,438,348, including
interest)	$	5,330,000	$	5,330,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,330,000)			$	5,330,000
Total Investments (Global Real Estate Trust)
(Cost $629,044,350) - 113.97%			$	596,242,363
Liabilities in Excess of Other Assets - (13.97)%				(73,087,279)
TOTAL NET ASSETS - 100.00%			$	523,155,084

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Real Estate	93.49%
Building Materials & Construction	2.46%
Investment Companies	1.14%
Financial Services	0.53%
Holdings Companies/Conglomerates	0.41%

Growth & Income Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.52%
Aerospace - 1.24%
Boeing Company	277,000	$	20,600,490
Agriculture - 0.75%
Monsanto Company	111,500		12,432,250
Air Travel - 0.33%
Southwest Airlines Company	440,000		5,456,000
Apparel & Textiles - 1.29%
Coach, Inc. *	160,000		4,824,000
NIKE, Inc., Class B	89,700		6,099,600
Polo Ralph Lauren Corp., Class A	183,000		10,667,070
			21,590,670
Banking - 1.59%
Bank of America Corp.	319,700		12,119,827
Northern Trust Corp.	97,800		6,500,766
Wachovia Corp.	292,500		7,897,500
			26,518,093
Biotechnology - 0.38%
Amgen, Inc. *	152,000		6,350,560
Broadcasting - 1.83%
Discovery Holding Company *	173,800		3,688,036
Liberty Global, Inc., Class A * (a)	155,600		5,302,848
News Corp., Class A	1,148,300		21,530,625
			30,521,509

Growth & Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Building Materials & Construction - 0.46%
KBR, Inc.	279,500	$	7,750,535
Business Services - 2.35%
Accenture, Ltd., Class A	291,000		10,234,470
Brinks Company	77,700		5,219,886
Fiserv, Inc. *	173,400		8,338,806
Global Payments, Inc.	119,800		4,954,928
Hewitt Associates, Inc., Class A *	130,300		5,182,031
Robert Half International, Inc.	207,500		5,341,050
			39,271,171
Cable & Television - 0.78%
DIRECTV Group, Inc. *	523,300		12,972,607
Chemicals - 2.21%
Dow Chemical Company	528,200		19,464,170
PPG Industries, Inc.	287,000		17,366,370
			36,830,540
Computer Services - 0.32%
NetApp, Inc. *	268,000		5,373,400
Computers & Business Equipment - 4.18%
Apple, Inc. *	56,300		8,079,050
Cisco Systems, Inc. *	569,000		13,707,210
Dell, Inc. *	511,000		10,179,120
Hewlett-Packard Company	170,400		7,780,464
SanDisk Corp. *	609,000		13,745,130
Seagate Technology	775,600		16,241,064
			69,732,038
Construction & Mining Equipment - 0.88%
National Oilwell Varco, Inc. *	251,500		14,682,570
Cosmetics & Toiletries - 1.65%
Colgate-Palmolive Company	77,700		6,053,607
Procter & Gamble Company	307,600		21,553,532
			27,607,139
Crude Petroleum & Natural Gas - 4.72%
Devon Energy Corp.	219,800		22,931,734
Marathon Oil Corp.	126,000		5,745,600
Noble Energy, Inc.	155,000		11,284,000
Occidental Petroleum Corp.	465,300		34,046,001
W&T Offshore, Inc. (a)	140,000		4,775,400
			78,782,735
Educational Services - 0.12%
ITT Educational Services, Inc. * (a)	44,000		2,020,920
Electrical Equipment - 0.40%
General Cable Corp. *	113,000		6,674,910
Electrical Utilities - 2.46%
FirstEnergy Corp.	172,600		11,843,812
FPL Group, Inc.	82,000		5,144,680
Mirant Corp. *	206,200		7,503,618
Public Service Enterprise Group, Inc.	413,600		16,622,584
			41,114,694
Electronics - 0.81%
Arrow Electronics, Inc. *	198,200		6,669,430

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

106

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Growth & Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics (continued)
Avnet, Inc. *	209,900	$	6,870,027
			13,539,457
Energy - 1.04%
Duke Energy Corp.	967,400		17,268,090
Financial Services - 8.93%
Broadridge Financial Solutions, Inc.	246,100		4,331,360
Charles Schwab Corp.	717,100		13,502,993
Goldman Sachs Group, Inc.	73,800		12,205,782
JP Morgan Chase & Company	1,197,300		51,424,035
MasterCard, Inc., Class A	72,600		16,189,074
Nasdaq Stock Market, Inc. *	388,900		15,034,874
Nymex Holdings, Inc.	118,700		10,757,781
Wells Fargo & Company	879,300		25,587,630
			149,033,529
Food & Beverages - 2.26%
PepsiCo, Inc.	339,900		24,540,780
Sysco Corp.	455,000		13,204,100
			37,744,880
Healthcare Products - 1.07%
Baxter International, Inc.	310,000		17,924,200
Healthcare Services - 2.24%
Humana, Inc. *	369,700		16,584,742
McKesson Corp. (a)	206,900		10,835,353
WellCare Health Plans, Inc. *	135,800		5,289,410
WellPoint, Inc. *	104,200		4,598,346
			37,307,851
Holdings Companies/Conglomerates - 4.97%
General Electric Company	1,616,300		59,819,263
Textron, Inc.	417,900		23,160,018
			82,979,281
Household Products - 0.99%
Newell Rubbermaid, Inc.	725,600		16,594,472
Industrial Machinery - 1.10%
Ingersoll-Rand Company, Ltd., Class A	220,000		9,807,600
W.W. Grainger, Inc.	112,000		8,555,680
			18,363,280
Insurance - 5.05%
ACE, Ltd.	227,300		12,515,138
Aetna, Inc.	336,900		14,180,121
Axis Capital Holdings, Ltd.	308,700		10,489,626
CIGNA Corp.	405,500		16,451,135
Everest Re Group, Ltd.	103,600		9,275,308
Hartford Financial Services Group, Inc.	207,000		15,684,390
MetLife, Inc.	95,000		5,724,700
			84,320,418
International Oil - 6.68%
Exxon Mobil Corp.	1,053,900		89,138,862
Noble Corp.	187,600		9,318,092
Royal Dutch Shell PLC, ADR	188,300		12,988,934
			111,445,888

Growth & Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Content - 0.22%
Google, Inc., Class A *	8,500	$	3,743,995
Internet Retail - 0.52%
Expedia, Inc. *	394,400		8,633,416
Internet Software - 0.65%
Check Point Software Technologies, Ltd. *	484,200		10,846,080
Leisure Time - 1.13%
Las Vegas Sands Corp. *	64,000		4,712,960
Royal Caribbean Cruises, Ltd. (a)	429,400		14,127,260
			18,840,220
Manufacturing - 2.18%
3M Company	114,500		9,062,675
Rockwell Automation, Inc.	285,000		16,364,700
Tyco International, Ltd.	248,200		10,933,210
			36,360,585
Metal & Metal Products - 0.50%
Precision Castparts Corp.	53,000		5,410,240
Southern Copper Corp. (a)	27,900		2,896,857
			8,307,097
Mining - 1.43%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	247,300		23,795,206
Petroleum Services - 1.68%
Halliburton Company	416,500		16,380,945
Tesoro Corp.	310,100		9,303,000
Valero Energy Corp.	48,400		2,376,924
			28,060,869
Pharmaceuticals - 5.93%
AmerisourceBergen Corp.	186,100		7,626,378
Bristol-Myers Squibb Company	558,600		11,898,180
Endo Pharmaceutical Holdings, Inc. *	297,700		7,126,938
Merck & Company, Inc.	719,900		27,320,205
Novartis AG, SADR	345,000		17,674,350
Pfizer, Inc.	213,700		4,472,741
Schering-Plough Corp.	1,578,100		22,740,421
			98,859,213
Railroads & Equipment - 1.22%
Burlington Northern Santa Fe Corp.	151,900		14,008,218
Norfolk Southern Corp.	116,300		6,317,416
			20,325,634
Real Estate - 0.56%
Annaly Capital Management, Inc., REIT	172,000		2,635,040
Public Storage, Inc., REIT	38,000		3,367,560
Ventas, Inc., REIT	74,500		3,345,795
			9,348,395
Retail Grocery - 1.28%
Safeway, Inc.	245,000		7,190,750
SUPERVALU, Inc.	470,000		14,090,600
			21,281,350
Retail Trade - 3.66%
Best Buy Company, Inc.	336,500		13,951,290
GameStop Corp., Class A *	162,100		8,382,191

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

107

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Growth & Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Macy's, Inc.		585,000	$	13,490,100
NBTY, Inc. *		182,100		5,453,895
Wal-Mart Stores, Inc.		377,100		19,865,628
				61,143,104
Semiconductors - 1.91%
Applied Materials, Inc.		158,700		3,096,237
Cypress Semiconductor Corp. *		194,100		4,582,701
Intel Corp.		1,140,600		24,157,908
				31,836,846
Software - 5.19%
Autodesk, Inc. *		425,000		13,379,000
Microsoft Corp.		1,810,500		51,381,990
Oracle Corp. *		1,114,900		21,807,444
				86,568,434
Telecommunications Equipment &
Services - 2.81%
Nokia Oyj, SADR		671,700		21,380,211
Verizon Communications, Inc.		701,800		25,580,610
				46,960,821
Telephone - 1.83%
AT&T, Inc.		797,500		30,544,250
Tobacco - 3.08%
Altria Group, Inc.		598,900		13,295,580
Loews Corp. - Carolina Group		108,300		7,857,165
Philip Morris International, Inc. *		598,900		30,292,362
				51,445,107
Transportation - 0.30%
Overseas Shipholding Group, Inc.		71,000		4,972,840
Trucking & Freight - 0.36%
United Parcel Service, Inc., Class B		81,500		5,951,130
TOTAL COMMON STOCKS (Cost $1,688,171,806)			$	1,660,628,769
SHORT TERM INVESTMENTS - 1.81%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	30,263,655	$	30,263,655
TOTAL SHORT TERM INVESTMENTS
(Cost $30,263,655)			$	30,263,655

Growth & Income Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.13%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$2,111,094 on 04/01/2008,
collateralized by $2,145,000
Federal Home Loan Mortgage
Corp., 5.51% due 01/23/2023
(valued at $2,156,240, including
interest)	$	2,111,000	$	2,111,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,111,000)			$	2,111,000
Total Investments (Growth & Income Trust)
(Cost $1,720,546,461) - 101.46%			$	1,693,003,424
Liabilities in Excess of Other Assets - (1.46)%				(24,374,120)
TOTAL NET ASSETS - 100.00%			$	1,668,629,304
Health Sciences Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 100.05%
Agriculture - 1.45%
Monsanto Company		28,900	$	3,222,350
Biotechnology - 12.83%
Acorda Therapeutics, Inc. *		25,300		454,135
Affymetrix, Inc. *		26,400		459,624
Amgen, Inc. *		40,400		1,687,912
Applera Corp.		27,100		890,506
Basilea Pharmaceutica AG *		2,674		389,222
Biogen Idec, Inc. *		6,800		419,492
Cardiome Pharma, Corp. *		33,700		283,080
Cephalon, Inc. *		59,500		3,831,800
Charles River Laboratories International, Inc. *		50,100		2,952,894
Combinatorx, Inc. *		53,600		184,384
Cougar Biotechnology, Inc. *		72,916		1,530,796
deCODE genetics, Inc. *		138,800		212,364
Dyadic International, Inc. *		42,100		10,525
Exelixis, Inc. *		76,500		531,675
Genentech, Inc. *		54,300		4,408,074
GlaxoSmithkline Pharmaceuticals, Ltd. *		26,700		690,609
Human Genome Sciences, Inc. *		61,800		364,002
Illumina, Inc. *		40,100		3,043,590
Immucor, Inc. *		66,775		1,424,979
Invitrogen Corp. *		7,900		675,213
Medarex, Inc. *		5,700		50,445
Millennium Pharmaceuticals, Inc. *		83,800		1,295,548
Millipore Corp. *		15,900		1,071,819
Myriad Genetics, Inc. *		9,800		394,842
Neurocrine Biosciences, Inc. *		79,200		427,680
Orexigen Therapeutics Inc *		25,200		259,560
Panacos Pharmaceuticals, Inc. *		27,700		19,390
Progenics Pharmaceuticals, Inc. *		6,200		40,486
Tercica, Inc. *		79,700		456,681
				28,461,327

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

108

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chemicals - 0.76%
Bayer AG	12,400	$	993,194
UCB SA	20,047		696,350
			1,689,544
Drugs & Health Care - 7.57%
Acadia Pharmaceuticals, Inc. *	71,200		645,072
BioMarin Pharmaceutical, Inc. *	123,700		4,375,269
Cell Genesys, Inc. *	48,700		114,445
Chugai Pharmaceutical Company, Ltd.	94,500		1,071,704
CV Therapeutics, Inc. *	15,800		112,654
Essilor International SA	22,646		1,480,016
ImClone Systems, Inc. *	34,600		1,467,732
Matria Healthcare, Inc. *	7,000		156,100
Maxygen, Inc. *	32,800		211,888
Phonak Holding AG	5,500		506,412
Qiagen NV *	42,200		877,760
Seattle Genetics, Inc. *	95,400		868,140
Wyeth	68,568		2,863,400
XenoPort, Inc. *	50,300		2,035,641
			16,786,233
Healthcare Products - 19.53%
Alcon, Inc.	14,800		2,105,300
ArthroCare Corp. *	34,800		1,160,580
Baxter International, Inc.	53,900		3,116,498
Becton, Dickinson & Company	11,100		952,935
Boston Scientific Corp. *	65,000		836,550
Bruker BioSciences Corp. *	26,200		403,218
C.R. Bard, Inc.	19,600		1,889,440
Conceptus, Inc. *	121,800		2,260,608
Covidien, Ltd.	48,825		2,160,506
DENTSPLY International, Inc.	30,400		1,173,440
Edwards Lifesciences Corp. *	18,500		824,175
Gen-Probe, Inc. *	20,200		973,640
Henry Schein, Inc. *	45,500		2,611,700
Hologic, Inc. *	11,108		617,605
Home Diagnostics, Inc. *	23,600		164,256
IDEXX Laboratories, Inc. *	14,000		689,640
Insulet Corp. *	8,800		126,720
Intuitive Surgical, Inc. *	7,920		2,568,852
Johnson & Johnson	13,600		882,232
Masimo Corp. *	13,200		343,200
Medtronic, Inc.	38,900		1,881,593
Micrus Endovascular Corp. *	23,400		289,224
Mindray Medical International, Ltd., ADR	11,600		335,704
Nobel Biocare Holding AG, Series BR	4,284		997,656
ResMed, Inc. *	21,900		923,742
St. Jude Medical, Inc. *	67,300		2,906,687
Stereotaxis, Inc. *	121,700		720,464
Stryker Corp.	39,100		2,543,455
The Medicines Company *	137,200		2,771,440
TomoTherapy, Inc. *	58,000		832,300
Transition Therapeutics Inc *	5,977		66,345
Wright Medical Group, Inc. *	26,300		634,882
Zimmer Holdings, Inc. *	32,700		2,546,022
			43,310,609

Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services - 11.18%
AMERIGROUP Corp. *	58,300	$	1,593,339
Bangkok Dusit Medical Service Pcl	758,000		764,380
Cardinal Health, Inc.	30,600		1,606,806
Cerner Corp. *	15,800		589,024
Covance, Inc. *	27,800		2,306,566
Coventry Health Care, Inc. *	27,450		1,107,608
DaVita, Inc. *	24,100		1,151,016
Express Scripts, Inc. *	18,600		1,196,352
Health Net, Inc. *	37,500		1,155,000
Healthextras, Inc. *	38,300		951,372
Healthways, Inc. *	23,200		819,888
Humana, Inc. *	34,252		1,536,545
Laboratory Corp. of America Holdings *	31,400		2,313,552
McKesson Corp.	45,300		2,372,361
Medco Health Solutions, Inc. *	2,600		113,854
Medial Saude SA *	59,200		556,676
National Medical Health Card Systems, Inc. *	27,100		275,878
Nighthawk Radiology Holdings, Inc. *	20,900		195,624
Omnicare, Inc.	5,800		105,328
Psychiatric Solutions, Inc. *	19,700		668,224
Triple-S Management Corp. *	49,100		866,615
Virtual Radiologic Corp *	12,400		189,472
WellPoint, Inc. *	53,500		2,360,955
			24,796,435
Insurance - 3.74%
Aetna, Inc.	64,950		2,733,745
Assurant, Inc.	34,700		2,111,842
CIGNA Corp.	56,300		2,284,091
eHealth, Inc. *	30,400		670,928
Tempo Participacoes SA *	170,200		499,533
			8,300,139
Life Sciences - 1.62%
Incyte Corp. *	238,800		2,509,788
Nanosphere, Inc. *	2,900		25,114
Symyx Technologies, Inc. *	40,800		306,000
Waters Corp. *	13,500		751,950
			3,592,852
Medical-Hospitals - 2.26%
Centene Corp. *	58,600		816,884
Community Health Systems, Inc. *	34,400		1,154,808
Diagnosticos da America SA	11,200		222,762
LifePoint Hospitals, Inc. *	21,100		579,617
Sawai Pharmaceutical Co., Ltd.	15,800		764,537
Sunrise Senior Living, Inc. *	34,100		759,748
Vital Images, Inc. *	47,500		703,950
			5,002,306
Pharmaceuticals - 34.99%
A&D Pharma Holding NV	73,669		814,134
Abbott Laboratories	23,900		1,318,085
Alexion Pharmaceuticals, Inc. *	112,800		6,689,040
Alexza Pharmaceuticals, Inc. *	37,400		257,312
Alkermes, Inc. *	142,900		1,697,652
Allergan, Inc.	25,100		1,415,389
Allos Therapeutics, Inc. *	74,400		452,352

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

109

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Altus Pharmaceuticals, Inc. *	50,200	$	228,410
AMAG Pharmaceuticals, Inc. *	2,700		109,161
Amylin Pharmaceuticals, Inc. *	44,800		1,308,608
Array BioPharma, Inc. *	24,100		168,941
Barr Pharmaceuticals, Inc. *	31,100		1,502,441
Biocryst Pharmaceuticals, Inc. *	76,300		351,743
Biodel, Inc. *	49,400		535,990
Bristol-Myers Squibb Company	42,200		898,860
Cadence Pharmaceuticals, Inc. *	14,100		83,895
Celgene Corp. *	52,866		3,240,157
Cubist Pharmaceuticals, Inc. *	80,400		1,480,968
Elan Corp. PLC, SADR *	190,300		3,969,658
Eli Lilly & Company	23,827		1,229,235
EPIX Pharmaceuticals, Inc. *	58,400		83,512
Favrille, Inc. *	95,419		151,716
Forest Laboratories, Inc. *	3,100		124,031
Fresenius AG	14,199		1,203,260
Gilead Sciences, Inc. *	227,096		11,702,257
Infinity Pharmaceuticals, Inc. *	45,775		278,770
Ipsen SA	23,700		1,346,660
MAP Pharmaceuticals, Inc. *	10,900		152,273
Merck & Company AG *	12,287		1,513,476
Merck & Company, Inc.	84,400		3,202,980
Mylan, Inc. *	6,500		75,400
Novo Nordisk AS	11,200		770,730
Onyx Pharmaceuticals, Inc. *	74,938		2,175,450
OSI Pharmaceuticals, Inc. *	72,368		2,705,839
Pharmasset, Inc. *	63,300		1,141,299
Poniard Pharmaceuticals, Inc. *	93,045		311,701
Profarma Distribuidora de Produtos
Farmaceuticos SA *	82,200		1,372,576
Regeneron Pharmaceuticals, Inc. *	39,400		756,086
Renovo Group PLC *	316,300		227,918
Rigel Pharmaceuticals, Inc. *	19,700		367,602
Roche Holdings AG - Genusschein	19,527		3,680,249
Schering-Plough Corp.	125,400		1,807,014
Sepracor, Inc. *	52,200		1,018,944
Shire Pharmaceuticals Group PLC, ADR	29,700		1,721,412
Shire PLC	39,600		766,548
Simcere Pharmaceutical Group *	20,400		213,384
Stada Arzneimittel AG	10,170		739,320
Takeda Pharmaceutical Company, Ltd.	7,800		391,576
Teva Pharmaceutical Industries, Ltd., SADR	79,215		3,658,941
Theravance, Inc. *	57,400		604,422
Towa Pharmaceutical Company, Ltd.	21,100		895,145
United Therapeutics Corp. *	10,700		927,690
Valeant Pharmaceuticals International *	79,200		1,016,136
Vertex Pharmaceuticals, Inc. *	85,904		2,052,247
ViroPharma, Inc. *	4,500		40,230
Warner Chilcott, Ltd., Class A *	36,300		653,400
			77,602,225
Retail - 0.06%
China Nepstar Chain Drugstore Ltd., ADR *	8,800		119,680
Retail Grocery - 0.26%
Shoppers Drug Mart Corp.	11,300		571,798

Health Sciences Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Trade - 3.33%
CVS Caremark Corp.		142,645	$	5,778,549
Walgreen Company		42,100		1,603,589
				7,382,138
Sanitary Services - 0.47%
Stericycle, Inc. *		20,300		1,045,450
TOTAL COMMON STOCKS (Cost $220,976,387)			$	221,883,086
WARRANTS - 0.00%
Biotechnology - 0.00%
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 $4.62) *		132,113		0
(Expiration date 12/03/2008; strike
price $6.00) * (e)		2,400		0
Pharmaceuticals - 0.00%
Favrille, Inc.
(Expiration date 03/06/2011; strike
price $5.26) *		20,411		0
Mannkind Corp.
(Expiration date 08/05/2010; strike
price $12.228) *		21,000		0
TOTAL WARRANTS (Cost $3,076)			$	0
SHORT TERM INVESTMENTS - 2.10%
T. Rowe Price Reserve Investment
Fund	$	4,657,215	$	4,657,215
TOTAL SHORT TERM INVESTMENTS
(Cost $4,657,215)			$	4,657,215
REPURCHASE AGREEMENTS - 0.52%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$1,160,052 on 04/01/2008,
collateralized by $1,195,000
Federal Home Loan Mortgage
Corp., 1.00% due 07/11/2022
(valued at $1,186,038, including
interest)	$	1,160,000	$	1,160,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,160,000)			$	1,160,000
Total Investments (Health Sciences Trust)
(Cost $226,796,678) - 102.67%			$	227,700,301
Liabilities in Excess of Other Assets - (2.67)%				(5,918,714)
TOTAL NET ASSETS - 100.00%			$	221,781,587

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

110

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS - 67.09%
Advertising - 1.39%
R.H. Donnelley Corp.
8.875% due 10/15/2017 (g)	$	200,000	$	125,000
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		2,645,000		1,672,962
Vertis, Inc.
9.75% due 04/01/2009		3,365,000		2,860,250
10.875% due 06/15/2009		2,865,000		988,425
				5,646,637
Air Travel - 3.84%
Alaska Airlines, Inc., Series D
9.50% due 04/12/2012		118,976		118,361
American Airlines, Inc., Series 90-K
9.93% due 06/15/2010		512,000		474,240
American Airlines, Inc., Series 91B2
10.32% due 07/30/2014 (g)		1,011,075		1,051,518
AMR Corp., Series MTNB
10.40% due 03/10/2011		4,500,000		4,095,000
Gol Finance
8.75% due 12/31/2049 (g)		3,870,000		3,521,700
Northwest Airlines
1.00% due 01/16/2017 ^		4,640,000		92,800
6.625% due 02/15/2023		15,810,000		434,775
7.625% due 11/15/2023		8,965,000		246,538
8.70% due 03/15/2049		2,220,000		47,175
8.875% due 06/01/2049		6,860,000		145,775
9.875% due 03/15/2037		7,390,000		157,038
10.00% due 02/01/2009		3,810,000		80,962
US Airways Group, Inc.
7.00% due 09/30/2020		6,275,000		5,147,445
				15,613,327
Apparel & Textiles - 0.08%
Hanesbrands, Inc., Series B
8.204% due 12/15/2014 (b)		385,000		341,688
Auto Parts - 1.43%
Allison Transmission, Inc.
11.00% due 11/01/2015 (g)		6,695,000		5,824,650
Broadcasting - 7.93%
Canadian Satellite Radio Holdings, Inc.
12.75% due 02/15/2014		4,257,000		4,012,222
Canadian Satellite Radio Holdings, Inc., ADR
8.00% due 09/10/2014		1,900,000		1,851,040
Sirius Satellite Radio, Inc.
9.625% due 08/01/2013		7,705,000		6,491,462
XM Satellite Radio Holdings, Inc.
1.75% due 12/01/2009		4,105,000		3,591,875
XM Satellite Radio, Inc.
7.7394% due 05/01/2013 (b)		7,285,000		7,048,238
9.75% due 05/01/2014		9,580,000		9,244,700
				32,239,537
Building Materials & Construction - 0.27%
Odebrecht Overseas, Ltd.
9.625% due 12/31/2049		1,050,000		1,095,308
Business Services - 1.00%
Allied Security Escrow Corp.
11.375% due 07/15/2011		1,356,000		1,166,160

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Business Services (continued)
Minerva Overseas, Ltd.
9.50% due 02/01/2017 (g)	$	2,115,000	$	1,908,787
MSX International UK
12.50% due 04/01/2012 (g)		1,235,000		988,000
				4,062,947
Cable & Television - 6.29%
Adelphia Communications Corp.
7.75% due 01/15/2009		3,000,000		221,250
9.875% due 03/01/2049		2,050,000		153,750
10.25% due 11/01/2049		1,025,000		75,594
Century Communications
8.375% due 12/15/2049		1,000,000		100
Charter Communications Holdings I LLC
10.00% due 05/15/2014		1,630,000		774,250
11.75% due 05/15/2014		4,801,000		2,424,505
12.125% due 01/15/2015		3,140,000		1,601,400
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		12,300,000		8,548,500
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		1,345,000		1,223,950
Charter Communications Holdings LLC
8.75% due 11/15/2013		3,025,000		2,586,375
9.92% due 04/01/2014		550,000		261,250
Charter Communications, Inc.
10.875% due 09/15/2014		2,820,000		2,413,920
Shaw Communications, Inc.
8.25% due 04/11/2010		172,000		179,310
Young Broadcasting, Inc.
8.75% due 01/15/2014		183,000		107,970
10.00% due 03/01/2011		7,966,000		4,998,665
				25,570,789
Cable and Television - 0.18%
CCH I Holdings LLC
11.125% due 01/15/2014		1,500,000		720,000
Cellular Communications - 3.52%
Centennial Communications Corp.
10.00% due 01/01/2013		4,130,000		3,840,900
10.4788% due 01/01/2013 (b)		680,000		591,600
Cricket Communications, Inc.
9.375% due 11/01/2014		2,920,000		2,766,700
Rural Cellular Corp.
6.0756% due 06/01/2013 (b)		5,060,000		5,060,000
8.989% due 11/01/2012 (b)		750,000		750,000
9.875% due 02/01/2010		1,280,000		1,315,200
				14,324,400
Chemicals - 2.63%
American Pacific Corp.
9.00% due 02/01/2015		7,640,000		7,429,900
Huntsman International LLC
11.625% due 10/15/2010		59,000		62,392
Sterling Chemicals, Inc.
10.25% due 04/01/2015 (g)		350,000		350,000
Tronox Worldwide LLC
9.50% due 12/01/2012		3,290,000		2,812,950

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

111

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Chemicals (continued)
Union Carbide Chemicals & Plastics
7.875% due 04/01/2023	$	40,000	$	39,868
				10,695,110
Containers & Glass - 2.47%
BWAY Corp.
10.00% due 10/15/2010		780,000		750,750
Clondalkin Acquisition BV
6.9906% due 12/15/2013 (b)(g)		750,000		615,000
Graphic Packaging International Corp.
9.50% due 08/15/2013		5,030,000		4,828,800
Pliant Corp.
11.625% due 06/15/2009		745,593		730,681
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		3,285,000		2,759,400
US Corrugated, Inc.
10.00% due 06/12/2013		540,000		378,000
				10,062,631
Drugs & Health Care - 0.85%
Duane Reade, Inc.
9.75% due 08/01/2011		4,130,000		3,448,550
Electrical Utilities - 2.84%
Orion Power Holdings, Inc.
12.00% due 05/01/2010		3,055,000		3,337,587
Texas Competitive Electric Holdings Company LLC
10.25% due 11/01/2015 (g)		8,250,000		8,219,063
				11,556,650
Electronics - 0.28%
Muzak LLC/Muzak Finance Corp.
9.875% due 03/15/2009		1,884,000		1,132,755
Thomas & Betts Corp.
6.39% due 02/10/2009		11,000		11,240
				1,143,995
Energy - 0.59%
Exide Technologies, Series B
10.50% due 03/15/2013		2,545,000		2,379,575
Financial Services - 1.01%
Nexstar Finance Holdings LLC
11.375 due 04/01/2013		1,100,000		1,068,375
TAM Capital, Inc.
7.375% due 04/25/2017		2,265,000		1,902,600
Ucar Finance, Inc.
10.25% due 02/15/2012		1,103,000		1,141,605
				4,112,580
Food & Beverages - 1.18%
ASG Consolidated LLC/ASG Finance, Inc.
zero coupon due 11/01/2011		4,380,000		3,942,000
Dole Food Company, Inc.
7.25% due 06/15/2010		1,111,000		855,470
				4,797,470
Gold - 0.52%
New Gold, Inc.
10.00% due 06/28/2017	CAD	2,695,000		2,126,699

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Products - 0.17%
Alliance Imaging, Inc., Series B
7.25% due 12/15/2012	$	745,000	$	700,300
Healthcare Services - 1.19%
Healthsouth Corp.
10.8287% due 06/15/2014 (b)		5,000,000		4,825,000
Holdings Companies/Conglomerates - 1.23%
UAL Corp.
4.50% due 06/30/2021 (g)		5,650,000		5,009,290
Homebuilders - 0.07%
D.R. Horton, Inc.
9.75% due 09/15/2010		18,000		17,775
Meritage Homes Corp.
7.00% due 05/01/2014		114,000		86,355
Standard Pacific Corp.
6.50% due 10/01/2008		191,000		181,450
				285,580
Hotels & Restaurants - 0.31%
Buffalo Thunder Development Authority
9.375% due 12/15/2014 (g)		1,670,000		1,252,500
International Oil - 0.41%
Dominion Petroleum Acquisitions
8.50% due 10/01/2011		1,825,000		1,670,240
Leisure Time - 9.41%
AMC Entertainment, Inc., Series B
8.625% due 08/15/2012		103,000		104,030
Cinemark, Inc.
zero coupon, step up to 9.75% on
03/15/2009 due 03/15/2014		1,015,000		913,500
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015 (g)		4,970,000		3,503,850
Fontainebleau Senior Note
12.50% due 06/01/2022		3,328,470		2,829,200
Greektown Holdings LLC
10.75% due 12/01/2013 (g)		2,205,000		2,006,550
Indianapolis Downs Capital LLC
11.00% due 11/01/2012 (g)		1,200,000		1,056,000
Isle of Capri Casinos, Inc.
7.00% due 03/01/2014		7,685,000		5,475,562
Jacobs Entertainment, Inc.
9.75% due 06/15/2014		1,800,000		1,350,000
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014 (g)		2,440,000		2,458,300
Majestic Star Casino LLC
9.50% due 10/15/2010		6,385,000		5,634,762
9.75% due 01/15/2011		4,870,000		1,899,300
Marquee Holdings, Inc.
12.00% due 08/15/2014		855,000		639,112
Mashantucket Western Pequot Tribe
8.50% due 11/15/2015 (g)		3,000,000		2,640,000
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		750,000		652,500
9.75% due 04/01/2010		155,000		149,575
Scientific Games Corp.
6.25% due 12/15/2012		73,000		67,890
Seminole Hard Rock Entertainment, Inc.
7.4906% due 03/15/2014 (b)(g)		845,000		669,663

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

112

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
Trump Entertainment Resorts, Inc.
8.50% due 06/01/2015	$	8,290,000	$	5,554,300
Turning Stone Resort Casino
9.125% due 09/15/2014 (g)		720,000		687,600
				38,291,694
Liquor - 0.07%
Constellation Brands, Inc., Series B
8.125% due 01/15/2012		260,000		262,600
Manufacturing - 0.44%
Vitro SAB de CV
9.125% due 02/01/2017		2,175,000		1,805,250
Medical-Hospitals - 0.81%
Alliance Imaging, Inc.
7.25% due 12/15/2012		640,000		601,600
Ralin Medical, Inc.
zero coupon due 11/21/2037		180		2,700,000
				3,301,600
Metal & Metal Products - 2.62%
Blaze Recycling & Metals LLC / Blaze Finance Corp.
10.875% due 07/15/2012 (g)		755,000		664,400
CII Carbon LLC
11.125% due 11/15/2015 (g)		11,235,000		9,999,150
				10,663,550
Mining - 0.11%
Drummond Company, Inc.
7.375% due 02/15/2016 (g)		500,000		457,500
Paper - 2.38%
Abitibi-Consolidated, Inc.
5.25% due 06/20/2008		710,000		710,000
6.00% due 06/20/2013		3,000,000		1,455,000
7.50% due 04/01/2028		509,000		220,142
7.75% due 06/15/2011		2,780,000		1,501,200
8.375% due 04/01/2015		2,875,000		1,480,625
13.75% due 04/01/2011 (g)		405,000		414,113
Jefferson Smurfit Corp.
8.25% due 10/01/2012		790,000		711,987
Newark Group, Inc.
9.75% due 03/15/2014		1,643,000		1,314,400
Norske Skog Canada, Ltd.
7.375% due 03/01/2014		2,071,000		1,553,250
Pope & Talbot, Inc.
8.375% due 06/01/2013		400,000		56,000
8.375% due 06/01/2013		1,800,000		252,000
				9,668,717
Petroleum Services - 0.70%
McMoRan Exploration Company
11.875% due 11/15/2014		2,820,000		2,848,200
Publishing - 2.41%
Idearc, Inc.
8.00% due 11/15/2016		10,055,000		6,510,613
Quebecor World Capital Corp.
6.125% due 11/15/2013		3,410,000		1,398,100
8.75% due 03/15/2016 (g)		590,000		280,250

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Publishing (continued)
Quebecor World, Inc.
9.75% due 01/15/2015 (g)	$	3,365,000	$	1,615,200
				9,804,163
Real Estate - 0.23%
Realogy Corp.
10.50% due 04/15/2014		965,000		648,963
12.375% due 04/15/2015		645,000		287,025
				935,988
Retail - 0.93%
Eye Care Centers of America
10.75% due 02/15/2015		1,448,000		1,476,960
Jo-Ann Stores, Inc.
7.50% due 03/01/2012		2,629,000		2,287,230
				3,764,190
Steel - 0.74%
WCI Steel Acquisition, Inc.
8.00% due 05/01/2016		3,065,000		3,019,025
Telecommunications Equipment &
Services - 1.65%
Digicel Group, Ltd.
8.875% due 01/15/2015 (g)		2,335,000		1,949,725
Mobile Satellite Ventures LP
zero coupon, Step up to 14.00% on
04/01/2010 due 04/01/2013 (g)		1,210,000		732,050
Terrestar Networks, Inc., PIK
15.00% due 02/15/2014 (g)		1,294,800		1,139,424
West Corp.
11.00% due 10/15/2016		3,425,000		2,894,125
				6,715,324
Tobacco - 1.94%
Alliance One International, Inc.
8.50% due 05/15/2012		940,000		883,600
11.00% due 05/15/2012		2,200,000		2,233,000
12.75% due 11/15/2012		2,420,000		2,444,200
North Atlantic Trading Company
10.00% due 03/01/2012 (g)		2,626,750		2,311,540
				7,872,340
Travel Services - 0.97%
Travelport LLC
9.875% due 09/01/2014		4,415,000		3,962,463
TOTAL CORPORATE BONDS (Cost $319,854,047)			$	272,878,057
CONVERTIBLE BONDS - 5.30%
Air Travel - 3.32%
AMR Corp.
4.25% due 09/23/2023		13,630,000		13,510,737
Cable & Television - 0.07%
Charter Communications, Inc.
6.50% due 10/01/2027		604,000		269,899
Holdings Companies/Conglomerates - 1.91%
UAL Corp.
4.50% due 06/30/2021		8,780,000		7,784,348
TOTAL CONVERTIBLE BONDS (Cost $30,765,114)			$	21,564,984

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

113

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS - 6.26%
Countrywide Alternative Loan Trust, Series
2007-OA9, Class B1
4.885% due 06/25/2047 (b)(g)	$	1,159,512	$	173,927
Countrywide Alternative Loan Trust, Series
2007-OA9, Class B2
4.885% due 06/25/2047 (b)(g)		343,959		51,594
Countrywide Alternative Loan Trust, Series
2007-OA9, Class B3
4.885% due 06/25/2047 (b)(g)		689,646		68,965
Countrywide Alternative Loan Trust, Series
2007-OA9, Class XP
3.9984% IO due 06/25/2047		54,868,840		3,154,958
DSLA Mortgage Loan Trust, Series 2005-AR5,
Class X2
3.388% IO due 08/19/2045		144,201,953		4,866,816
Global Tower Partners Acquisition
LLC, Series 2007-1A, Class G
7.8737% due 05/15/2037 (g)		540,000		439,268
GS Mortgage Securities
Corp., Series 2006-NIM3, Class N3
8.112% due 06/25/2046 (g)		255,793		248,119
GS Mortgage Securities
Corp., Series 2006-NIM3, Class OS
zero coupon due 10/26/2037		5,000		2,185,000
Harborview Mortgage Loan Trust,
Series 2007-3, Class ES
0.35% IO due 05/19/2047		80,394,999		602,963
Harborview Mortgage Loan Trust,
Series 2007-4, Class ES
0.35% IO due 07/19/2047		80,723,435		706,330
Harborview Mortgage Loan Trust,
Series 2007-6, Class ES
0.343% IO due 08/19/2037 (g)		56,278,510		422,089
Harborview NIM Corp., Series 2006-BU1, Class N1
5.926% due 02/20/2046		186,595,756		6,999,953
Lehman XS Net Interest Margin
Notes, Series 2007-GPM8, Class A3
9.00% due 01/28/2047 (g)		720,000		679,584
Lehman XS Net Interest Margin
Notes, Series 2007-GPM8, Class A4
9.00% due 01/28/2047 (g)		505,000		457,064
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036 (g)		1,820,000		1,658,475
SBA CMBS Trust, Series 2006-1A, Class J
7.825% due 11/15/2036 (g)		1,380,000		1,211,219
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2006-AR8,
Class CX2P
1.7352% IO due 10/25/2046		41,475,541		1,555,333
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $25,932,224)			$	25,481,657
ASSET BACKED SECURITIES - 1.02%
DB Master Finance LLC, Series 2006-1, Class-M1
8.285% due 06/20/2031 (g)		1,545,000		1,350,608

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Dominos Pizza Master Issuer LLC, Series 2007-1,
Class M1
7.629% due 04/27/2037 (g)	$	3,730,000	$	2,797,500
TOTAL ASSET BACKED SECURITIES
(Cost $5,290,336)			$	4,148,108
COMMON STOCKS - 8.12%
Air Travel - 3.18%
Northwest Airlines Corp. *		1,440,385		12,949,061
Auto Parts - 0.16%
Federal Mogul Corp. *		32,948		652,370
Broadcasting - 2.13%
Canadian Satellite Radio Holdings, Inc. *		460,884		2,289,939
XM Satellite Radio Holdings, Inc., Class A *		550,200		6,393,324
				8,683,263
Cable & Television - 1.31%
Adelphia Recovery Trust, Series ACC-1 *		5,927,870		355,672
Adelphia Recovery Trust, Series Arahova *		424,950		195,477
Charter Communications, Inc., Class A *		414,100		352,813
Comcast Corp., Special Class A *		62,969		1,194,522
Time Warner Cable, Inc. *		129,636		3,238,308
				5,336,792
Cellular Communications - 0.21%
USA Mobility, Inc. *		117,989		842,441
Forest Products - 0.05%
Tembec, Inc. *		55,366		188,788
International Oil - 0.31%
Dominion Petroleum, Ltd., GDR *		3,779,020		1,260,741
Leisure Time - 0.23%
Fontainebleau Resorts LLC, Class A *		68,468		698,374
Isle of Capri Casinos, Inc. *		33,054		236,336
				934,710
Telephone - 0.54%
Sprint Nextel Corp.		326,900		2,186,961
TOTAL COMMON STOCKS (Cost $56,652,881)			$	33,035,127
PREFERRED STOCKS - 0.78%
Cellular Communications - 0.74%
Rural Cellular Corp., 12.25%		2,347		3,021,763
Containers & Glass - 0.04%
Pliant Corp., Series AA, 13.00% *		1,287		135,135
TOTAL PREFERRED STOCKS (Cost $3,464,539)			$	3,156,898
TERM LOANS - 4.53%
Air Travel - 0.33%
Delta Airlines, Inc.
5.25% due 04/30/2012 (b)		1,640,000		1,340,700
Broadcasting - 0.08%
Sirius Satellite Radio, Inc.
5.5625% due 12/20/2012 (b)		363,175		319,594

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

114

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Forest Products - 0.05%
Tembec, Inc.
9.0575% due 02/28/2012	$	188,750	$	184,031
Leisure Time - 0.20%
East Valley Tourist Development
10.88% due 08/06/2012 (b)		810,000		805,950
Medical-Hospitals - 1.05%
Community Health Systems, Inc.
7.0719% due 07/25/2014 (b)(i)		4,613,302		4,262,369
Newspapers - 1.40%
Star Tribune Corp.
4.4963% due 03/01/2014 (b)		3,718,070		2,207,623
10.83% due 03/01/2015 (b)		2,810,000		1,668,452
Tribune Corp.
7.91% due 05/30/2014 (b)		2,686,500		1,831,521
				5,707,596
Paper - 0.10%
AbitibiBowater, Inc.
11.6713% due 03/31/2009		410,000		393,600
Real Estate - 0.29%
Realogy Corp.
7.505% due 10/10/2013 (b)		1,492,500		1,194,000
Trucking & Freight - 1.03%
Saint Acquisition Corp.
6.50% due 05/06/2014 (b)		5,600,000		4,200,000
TOTAL TERM LOANS (Cost $21,374,651)			$	18,407,840
WARRANTS - 0.11%
Commercial Services - 0.01%
Paragon Shipping, Inc.
(Expiration Date: 11/21/2011, Strike
Price 10.00) * (g)		12,000		60,360
Gold - 0.10%
New Gold, Inc.
(Expiration Date: 06/28/2017, Strike
Price: CAD 15.00) *		214,500		397,048
TOTAL WARRANTS (Cost $445,372)			$	457,408
OPTIONS - 0.21%
Call Options - 0.21%
Comcast Corp.
Expiration 01/16/2010 at $15.00 *		32,800		208,280
Expiration 01/16/2010 at $20.00 *		169,500		635,625
				843,905
TOTAL OPTIONS (Cost $852,046)			$	843,905

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.01%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$58,003 on 04/01/2008,
collateralized by $60,000 Federal
Home Loan Mortgage Corp.,
1.00% due 07/11/2022 (valued at
$59,550, including interest)	$	58,000	$	58,000
TOTAL REPURCHASE AGREEMENTS
(Cost $58,000)			$	58,000
SHORT TERM INVESTMENTS - 5.14%
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008	$	19,800,000	$	19,800,000
John Hancock Cash
Investment Trust, 3.0622% (c)(f)		832,871		832,871
Quebecor World Capital Corp.
1.00% due 11/15/2008 ^		390,000		268,527
TOTAL SHORT TERM INVESTMENTS
(Cost $20,901,398)			$	20,901,398
Total Investments (High Income Trust)
(Cost $485,590,608) - 98.57%			$	400,933,382
Other Assets in Excess of Liabilities - 1.43%				5,820,200
TOTAL NET ASSETS - 100.00%			$	406,753,582
High Yield Trust
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS - 4.34%
Argentina - 0.12%
Republic of Argentina
2.00% due 01/03/2010 (b)	ARS	2,426,000	$	765,710
7.00% due 09/12/2013	$	1,141,000		932,767
8.00% due 10/30/2009 ^	EUR	1,425,000,000		341,440
9.00% due 05/26/2009 ^		300,000		133,676
9.00% due 11/19/2008 ^		222,000		49,961
11.75% due 05/20/2011 ^		275,000		64,041
				2,287,595
Brazil - 1.36%
Federative Republic of Brazil
6.00% due 05/15/2017	BRL	3,640,000		3,239,552
10.00% due 01/01/2012		7,262,000		3,849,841
10.00% due 07/01/2010		32,438,000		17,795,479
10.00% due 01/01/2010		1,000		556
				24,885,428
Colombia - 0.04%
Republic of Colombia
7.375% due 09/18/2037	$	666,000		714,285
Ecuador - 0.15%
Republic of Ecuador
9.375% due 12/15/2015		50,000		50,625
10.00% due 08/15/2030		2,833,000		2,740,927
				2,791,552

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

115

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Indonesia - 0.33%
Republic of Indonesia
9.75% due 05/15/2037	IDR	14,208,000,000	$	1,626,210
10.25% due 07/15/2027		11,943,000,000		1,113,343
10.25% due 07/15/2022		18,787,000,000		1,796,950
11.00% due 09/15/2025		15,723,000,000		1,568,604
				6,105,107
Panama - 0.59%
Republic of Panama
6.70% due 01/26/2036	$	7,509,000		7,640,408
9.375% due 04/01/2029		2,450,000		3,221,750
				10,862,158
Peru - 0.14%
Republic of Peru
6.55% due 03/14/2037		834,000		862,356
7.35% due 07/21/2025		194,000		218,250
8.75% due 11/21/2033		1,147,000		1,491,100
				2,571,706
Turkey - 1.02%
Republic of Turkey
6.875% due 03/17/2036		13,115,000		11,633,005
7.00% due 06/05/2020		202,000		198,970
7.00% due 09/26/2016		475,000		482,125
7.375% due 02/05/2025		2,906,000		2,884,205
14.00% due 01/19/2011	TRY	5,035,000		3,503,708
				18,702,013
Venezuela - 0.59%
Republic of Venezuela
5.75% due 02/26/2016	$	6,671,000		5,236,735
7.65% due 04/21/2025		925,000		742,313
8.50% due 10/08/2014		433,000		401,607
9.375% due 01/13/2034		2,054,000		1,889,680
10.75% due 09/19/2013		2,420,000		2,468,400
				10,738,735
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $82,441,558)			$	79,658,579
CORPORATE BONDS - 85.39%
Advertising - 0.25%
Lamar Media Corp.
6.625% due 08/15/2015		3,200,000		2,816,000
R.H. Donnelley Corp., Series A-1
6.875% due 01/15/2013		605,000		369,050
R.H. Donnelley Corp., Series A-2
6.875% due 01/15/2013		640,000		390,400
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		1,615,000		1,021,488
				4,596,938
Aerospace - 0.38%
Alliant Techsystems, Inc.
6.75% due 04/01/2016		100,000		97,250
DRS Technologies, Inc.
6.625% due 02/01/2016		1,560,000		1,524,900
6.875% due 11/01/2013		4,625,000		4,532,500

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Aerospace (continued)
DRS Technologies, Inc. (continued)
7.625% due 02/01/2018	$	875,000	$	875,000
				7,029,650
Air Travel - 1.24%
Continental Airlines, Inc.
6.541% due 09/15/2009		58,354		58,354
Continental Airlines, Inc., Series C
7.339% due 04/19/2014		4,960,000		4,426,800
DAE Aviation Holdings, Inc.
11.25% due 08/01/2015 (g)		14,790,000		14,568,150
Delta Air Lines, Inc.
8.954% due 08/10/2014 (g)		3,995,004		3,715,354
				22,768,658
Aluminum - 0.61%
Novelis, Inc.
7.25% due 02/15/2015		12,600,000		11,151,000
Auto Parts - 1.57%
Allison Transmission, Inc.
11.00% due 11/01/2015 (g)		3,590,000		3,123,300
11.25% due 11/01/2015 (a)(g)		6,980,000		5,793,400
Keystone Automotive Operations
9.75% due 11/01/2013		5,455,000		3,054,800
Visteon Corp.
8.25% due 08/01/2010		20,565,000		16,811,887
				28,783,387
Auto Services - 1.92%
Ashtead Holdings PLC
8.625% due 08/01/2015 (g)		1,635,000		1,308,000
AutoNation, Inc.
6.2575% due 04/15/2013 (b)		3,485,000		2,857,700
7.00% due 04/15/2014		800,000		710,000
Hertz Corp.
8.875% due 01/01/2014		6,835,000		6,476,163
10.50% due 01/01/2016		16,229,000		15,194,401
Penhall International Corp.
12.00% due 08/01/2014 (g)		10,280,000		8,686,600
				35,232,864
Automobiles - 1.75%
Ford Motor Company
7.45% due 07/16/2031		4,795,000		3,164,700
General Motors Corp.
7.20% due 01/15/2011		3,210,000		2,680,350
8.375% due 07/15/2033		37,265,000		26,271,825
				32,116,875
Banking - 2.33%
ATF Capital BV
9.25% due 02/21/2014 (g)		10,220,000		10,103,492
HSBC Bank PLC
8.90% due 12/20/2010		62,682,000		2,667,733
HSBC Bank PLC, Series E, MTN
7.00% due 11/01/2011		579,044		563,989
HSBC Bank USA, BKNT
7.00% due 11/01/2011 (b)(g)		234,103		233,167
7.00% due 11/01/2011 (b)(g)		225,298		219,440

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

116

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
HSBK Europe BV
7.25% due 05/03/2017 (g)	$	9,900,000	$	8,727,377
7.25% due 05/03/2017		140,000		122,458
ICICI Bank, Ltd.
6.375% due 04/30/2022 (b)(g)		2,434,000		2,093,228
6.375% due 04/30/2022 (b)		1,907,000		1,633,212
RSHB Capital
9.50% due 02/11/2011		153,637,000		6,530,312
RSHB Capital SA for OJSC Russian Agricultural
Bank
6.299% due 05/15/2017 (g)		1,144,000		1,059,630
7.175% due 05/16/2013 (g)		1,791,000		1,824,581
TuranAlem Finance BV
8.25% due 01/22/2037 (g)		5,570,000		4,368,551
8.25% due 01/22/2037		3,166,000		2,498,924
				42,646,094
Broadcasting - 0.11%
CanWest Media, Inc.
8.00% due 09/15/2012		226,000		214,700
CMP Susquehanna Corp.
9.875% due 05/15/2014		2,565,000		1,769,850
				1,984,550
Building Materials & Construction - 1.18%
Associated Materials, Inc.
zero coupon, Step up to 11.25% on
03/01/2009 due 03/01/2014		13,610,000		9,288,825
9.75% due 04/15/2012		6,700,000		6,499,000
NTK Holdings, Inc.
10.75% due 03/01/2014		11,870,000		5,756,950
				21,544,775
Buildings - 0.17%
Odebrecht Finance, Ltd.
7.50% due 10/18/2017 (g)		2,880,000		3,127,442
Business Services - 2.66%
Affinion Group, Inc.
10.125% due 10/15/2013		7,282,000		7,236,488
11.50% due 10/15/2015		7,415,000		7,155,475
Allied Security Escrow Corp.
11.375% due 07/15/2011		11,260,000		9,683,600
Ceridian Corp., PIK
12.25% due 11/15/2015 (g)		4,050,000		3,381,750
First Data Corp.
9.875% due 09/24/2015 (g)		9,540,000		7,846,650
Sungard Data Systems, Inc.
9.125% due 08/15/2013		5,474,000		5,528,740
10.25% due 08/15/2015		8,000,000		8,040,000
				48,872,703
Cable & Television - 3.31%
Cablevision Systems Corp., Series B
8.00% due 04/15/2012		720,000		700,200
9.6444% due 04/01/2009 (b)		100,000		99,250
Charter Communications Holdings I LLC
11.75% due 05/15/2014		3,380,000		1,706,900
12.125% due 01/15/2015		3,310,000		1,688,100

High Yield 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	$	29,368,000	$	20,410,760
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		3,695,000		3,362,450
10.25% due 10/01/2013		550,000		471,625
Charter Communications Holdings LLC
11.75 due 05/15/2011		2,115,000		1,271,644
12.125 due 01/15/2012		2,260,000		1,339,050
Charter Communications, Inc.
10.875% due 09/15/2014		10,510,000		8,996,560
CSC Holdings, Inc.
6.75% due 04/15/2012		5,285,000		5,100,025
7.625% due 07/15/2018		280,000		255,500
CSC Holdings, Inc., Series B
7.625% due 04/01/2011		2,935,000		2,901,981
8.125% due 08/15/2009		270,000		272,700
8.125% due 07/15/2009		650,000		656,500
DirecTV Holdings LLC
8.375% due 03/15/2013 (a)		6,810,000		6,903,637
Rogers Cable, Inc.
8.75% due 05/01/2032		4,200,000		4,653,130
				60,790,012
Cellular Communications - 2.35%
ALLTEL Communications, Inc., PIK
10.375% due 12/01/2017 (g)		4,950,000		4,059,000
America Movil SAB de CV
5.625% due 11/15/2017		1,520,000		1,502,695
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		2,365,000		2,175,800
Rural Cellular Corp.
6.0756% due 06/01/2013 (b)		4,240,000		4,240,000
9.875% due 02/01/2010		2,611,000		2,682,802
True Move Company, Ltd.
10.75% due 12/16/2013 (g)		23,634,000		22,215,960
10.75% due 12/16/2013		800,000		765,000
UBS Luxembourg SA for OJSC Vimpel
Communications
8.25% due 05/23/2016		5,587,000		5,503,195
				43,144,452
Chemicals - 1.53%
Georgia Gulf Corp.
9.50% due 10/15/2014		6,040,000		4,665,900
10.75% due 10/15/2016		9,425,000		6,173,375
Huntsman International LLC
7.875% due 11/15/2014		3,360,000		3,561,600
IMC Global, Inc.
7.30% due 01/15/2028		145,000		140,650
Koppers, Inc.
9.875% due 10/15/2013		4,220,000		4,431,000
Methanex Corp.
8.75% due 08/15/2012		4,405,000		4,724,362
Montell Finance Company BV
8.10% due 03/15/2027 (g)		5,330,000		3,544,450
Westlake Chemical Corp.
6.625% due 01/15/2016		1,000,000		875,000
				28,116,337

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

117

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Coal - 0.31%
International Coal Group, Inc.
10.25% due 07/15/2014	$	6,000,000	$	5,745,000
Commercial Services - 1.30%
DI Finance/DynCorp International LLC, Series B
9.50% due 02/15/2013		13,078,000		13,372,255
Rental Service Corp.
9.50% due 12/01/2014		8,895,000		7,427,325
U.S Investigations Services, Inc.
11.75% due 05/01/2016 (g)		4,090,000		3,047,050
				23,846,630
Computers & Business Equipment - 0.28%
Activant Solutions, Inc.
9.50% due 05/01/2016		6,030,000		5,065,200
Construction & Mining Equipment - 0.15%
Terex Corp.
7.375% due 01/15/2014		2,720,000		2,692,800
Construction Materials - 0.18%
Nortek, Inc.
8.50% due 09/01/2014		4,430,000		3,278,200
Containers & Glass - 1.50%
Graham Packaging Company
8.50% due 10/15/2012		640,000		576,000
9.875% due 10/15/2014		8,895,000		7,471,800
Graphic Packaging International Corp.
9.50% due 08/15/2013 (a)		10,670,000		10,243,200
Plastipak Holdings, Inc.
8.50% due 12/15/2015 (g)		3,550,000		3,230,500
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		5,055,000		4,246,200
8.375% due 07/01/2012 (a)		1,985,000		1,796,425
				27,566,969
Crude Petroleum & Natural Gas - 2.56%
Chesapeake Energy Corp.
6.25% due 01/15/2018		9,415,000		8,991,325
6.50% due 08/15/2017		2,565,000		2,475,225
7.00% due 08/15/2014		1,975,000		1,979,937
7.75% due 01/15/2015		35,000		36,050
Mariner Energy, Inc.
7.50% due 04/15/2013		2,210,000		2,121,600
8.00% due 05/15/2017		2,360,000		2,253,800
OPTI Canada, Inc.
8.25% due 12/15/2014		4,135,000		4,093,650
Parallel Petroleum Corp.
10.25% due 08/01/2014		6,760,000		6,472,700
PetroHawk Energy Corp.
9.125% due 07/15/2013		3,830,000		3,935,325
Petrozuata Finance, Inc.
8.22% due 04/01/2017 (g)		299,000		300,869
8.22% due 04/01/2017		5,661,000		5,774,220
Southwestern Energy Company
7.50% due 02/01/2018 (g)		4,500,000		4,657,500
W&T Offshore, Inc.
8.25% due 06/15/2014 (g)		4,245,000		3,937,238
				47,029,439

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Domestic Oil - 1.67%
Exco Resources, Inc.
7.25% due 01/15/2011	$	10,891,000	$	10,591,498
Stone Energy Corp.
8.25% due 12/15/2011		11,025,000		10,914,750
Whiting Petroleum Corp.
7.00% due 02/01/2014		6,915,000		6,845,850
7.25% due 05/01/2012		2,365,000		2,335,437
				30,687,535
Educational Services - 0.43%
American Achievement Corp.
8.25% due 04/01/2012		956,000		853,230
Education Management Corp.
8.75% due 06/01/2014		4,655,000		3,933,475
10.25% due 06/01/2016		3,975,000		3,160,125
				7,946,830
Electrical Utilities - 7.08%
AES China Generating Company
8.25% due 06/26/2010		105,000		99,163
AES Corp.
8.00% due 10/15/2017		9,710,000		9,831,375
8.75% due 05/15/2013 (g)		290,000		301,600
8.875% due 02/15/2011		3,100,000		3,247,250
9.375% due 09/15/2010		5,400,000		5,710,500
9.50% due 06/01/2009		995,000		1,026,840
Edison Mission Energy
7.625% due 05/15/2027		6,210,000		5,837,400
7.75% due 06/15/2016		4,100,000		4,223,000
EEB International Ltd.
8.75% due 10/31/2014 (g)		6,480,000		6,674,400
Energy Future Holdings Corp.
11.25% due 11/01/2017 (a)(g)		59,580,000		58,984,200
Midwest Generation LLC, Series B
8.56% due 01/02/2016		1,840,735		1,997,197
Mirant Mid Atlantic LLC, Series B
9.125% due 06/30/2017		7,576,651		8,381,670
Mirant Mid Atlantic LLC, Series C
10.06% due 12/30/2028		545,605		627,446
Orion Power Holdings, Inc.
12.00% due 05/01/2010		7,695,000		8,406,787
Texas Competitive Electric Holdings Company
LLC, PIK
10.50% due 11/01/2016 (g)		14,780,000		14,484,400
				129,833,228
Electronics - 0.56%
L-3 Communications Corp.
7.625% due 06/15/2012		3,500,000		3,583,125
L-3 Communications Corp., Series B
6.375% due 10/15/2015		6,752,000		6,600,080
				10,183,205
Energy - 2.57%
Dynegy Holdings, Inc.
7.75% due 06/01/2019		12,330,000		11,528,550
Mirant North America LLC
7.375% due 12/31/2013		2,645,000		2,671,450
NRG Energy, Inc.
7.25% due 02/01/2014		5,045,000		4,981,937

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

118

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (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. (continued)
7.375% due 02/01/2016	$	14,970,000	$	14,670,600
7.375% due 01/15/2017		3,885,000		3,778,163
Sonat, Inc.
7.625% due 07/15/2011		4,350,000		4,496,112
VeraSun Energy Corp.
9.375% due 06/01/2017 (g)		7,405,000		5,072,425
				47,199,237
Financial Services - 5.17%
AmeriCredit Corp
8.50% due 07/01/2015 (a)		6,665,000		4,865,450
El Paso Performance-Linked Trust
7.75% due 07/15/2011 (g)		2,845,000		2,908,839
Ford Motor Credit Company
8.00% due 12/15/2016		3,780,000		2,959,003
8.05% due 06/15/2011 (b)		8,957,000		7,109,977
General Motors Acceptance Corp.
6.875% due 08/28/2012 (a)		5,045,000		3,833,847
8.00% due 11/01/2031		24,000,000		17,200,608
Hawker Beechcraft Acquisition Company LLC
8.875% due 04/01/2015		10,865,000		11,109,463
9.75% due 04/01/2017		4,290,000		4,268,550
Hexion U.S. Finance Corp./Hexion Nova Scotia
Finance ULC
7.565% due 11/15/2014 (b)		2,791,000		2,609,585
JSG Funding PLC
7.75% due 04/01/2015		2,360,000		2,065,000
Leucadia National Corp.
8.125% due 09/15/2015		4,540,000		4,562,700
Lukoil International Finance BV
6.656% due 06/07/2022		1,467,000		1,287,292
Lukoil International Finance BV, Series REGS
6.356% due 06/07/2017		3,860,000		3,580,150
LVB Acquisition Merger Sub, Inc.
11.625% due 10/15/2017 (g)		1,490,000		1,490,000
LVB Acquisition Merger, Inc.
10.375% due 10/15/2017 (g)		3,170,000		3,288,875
Nell AF SARL
8.375% due 08/15/2015 (g)		5,780,000		4,219,400
Residential Capital Corp.
6.375% due 06/30/2010		6,825,000		3,429,562
7.8275% due 04/17/2009 (b)(g)		4,100,000		1,517,000
Residential Capital LLC
6.875% due 06/30/2015		3,950,000		1,915,750
7.50% due 02/22/2011		8,705,000		4,265,450
TNK-BP Finance SA
6.625% due 03/20/2017 (g)		212,000		183,380
6.625% due 03/20/2017		2,683,000		2,424,332
7.50% due 07/18/2016 (g)		1,553,000		1,442,349
7.875% due 03/13/2018 (g)		2,540,000		2,346,325
				94,882,887
Food & Beverages - 0.35%
Dole Food Company, Inc.
7.25% due 06/15/2010 (a)		1,944,000		1,496,880
8.625% due 05/01/2009		1,200,000		1,044,000
8.75% due 07/15/2013		1,950,000		1,462,500

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Food & Beverages (continued)
Dole Food Company, Inc. (continued)
8.875% due 03/15/2011 (a)	$	2,991,000	$	2,422,710
				6,426,090
Funeral Services - 0.26%
Service Corp. International
6.75% due 04/01/2016		530,000		512,775
7.50% due 04/01/2027		1,960,000		1,666,000
7.625% due 10/01/2018		1,690,000		1,698,450
7.875% due 02/01/2013		900,000		909,000
				4,786,225
Furniture & Fixtures - 0.79%
Norcraft Companies LP
9.00% due 11/01/2011		9,120,000		9,188,400
Norcraft Holdings Capital
zero coupon, Step up to 9.75% on
09/01/2008 due 09/01/2012		6,150,000		5,381,250
				14,569,650
Gas & Pipeline Utilities - 2.14%
Dynegy-Roseton Danskammer, Series B
7.67% due 11/08/2016		1,900,000		1,903,572
El Paso Corp.
7.375% due 12/15/2012		2,000,000		2,019,922
7.75% due 01/15/2032		1,945,000		1,997,583
7.80% due 08/01/2031		5,680,000		5,831,877
7.875% due 06/15/2012 (a)		6,135,000		6,412,848
Northwest Pipeline Corp.
7.00% due 06/15/2016		3,000,000		3,187,500
Transcontinental Gas Pipe Line Corp.
8.875% due 07/15/2012		4,400,000		5,005,000
Williams Companies, Inc.
7.875% due 09/01/2021		2,505,000		2,714,794
8.75% due 03/15/2032		8,855,000		10,227,525
				39,300,621
Healthcare Products - 0.38%
Advanced Medical Optics, Inc.
7.50% due 05/01/2017		3,585,000		3,083,100
Leiner Health Products, Inc.
11.00% due 06/01/2012		18,200,000		22,750
Universal Hospital Services, Inc.
8.2875% due 06/01/2015 (b)		1,650,000		1,468,500
8.50% due 06/01/2015		2,305,000		2,305,000
				6,879,350
Healthcare Services - 1.48%
DaVita, Inc.
7.25% due 03/15/2015		7,570,000		7,380,750
U.S. Oncology Holdings, Inc., PIK, Series S/A
7.9493% due 03/15/2012		11,669,162		8,985,255
Vanguard Health Holding Company I LLC
zero coupon, Step up to 11.25% on
10/01/2009 due 10/01/2015		2,160,000		1,652,400
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014		9,460,000		9,105,250
				27,123,655

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

119

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Holdings Companies/Conglomerates - 0.31%
Ashtead Capital, Inc.
9.00% due 08/15/2016 (g)	$	5,110,000	$	4,139,100
Leucadia National Corp.
7.125% due 03/15/2017		1,705,000		1,615,488
				5,754,588
Homebuilders - 0.14%
K Hovnanian Enterprises, Inc.
6.25% due 01/15/2016		280,000		189,000
8.625% due 01/15/2017 (a)		3,031,000		2,333,870
				2,522,870
Hotels & Restaurants - 0.71%
Buffets, Inc.
12.50% due 11/01/2014		7,505,000		225,150
CCM Merger, Inc.
8.00% due 08/01/2013 (g)		4,205,000		3,532,200
Denny's Corp.
10.00% due 10/01/2012		2,244,000		2,064,480
El Pollo Loco, Inc.
11.75% due 11/15/2013		3,910,000		3,773,150
Sbarro, Inc.
10.375% due 02/01/2015		4,225,000		3,506,750
				13,101,730
Household Products - 0.27%
Jarden Corp.
7.50% due 05/01/2017		5,575,000		4,878,125
Industrial Machinery - 0.45%
H&E Equipment Services, Inc.
8.375% due 07/15/2016		9,925,000		8,188,125
International Oil - 1.56%
Corral Finans AB, PIK
5.7575% due 04/15/2010 (b)(g)		4,982,267		3,786,523
Gaz Capital for Gazprom
6.212% due 11/22/2016 (g)		1,480,000		1,369,000
6.51% due 03/07/2022 (g)		3,710,000		3,306,538
6.51% due 03/07/2022		1,827,000		1,635,165
Gazprom OAO, Series A6
6.95% due 08/06/2009		49,800,000		2,098,283
OAO Gazprom, Series A7
0.2544% due 10/29/2009		123,670,000		5,187,051
OAO Gazprom, Series A8
0.2713% due 10/27/2011		41,220,000		1,705,194
Pemex Project Funding Master Trust
6.625% due 06/15/2035		3,650,000		3,777,301
9.125% due 10/13/2010		250,000		280,000
Petroplus Finance, Ltd.
6.75% due 05/01/2014 (g)		2,170,000		1,980,125
7.00% due 05/01/2017 (g)		3,970,000		3,543,225
				28,668,405
Leisure Time - 3.31%
Boyd Gaming Corp.
6.75% due 04/15/2014		6,875,000		5,637,500
Choctaw Resort Development Enterprise
7.25% due 11/15/2019 (g)		2,846,000		2,476,020
Downstream Development Authority of the Quapaw
Tribe of Oklahoma
12.00% due 10/15/2015 (g)		2,910,000		2,298,900

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015 (g)	$	3,790,000	$	2,671,950
Harrah's Operating Company, Inc.
10.75% due 02/01/2016 (g)		1,280,000		1,078,400
Herbst Gaming, Inc.
7.00% due 11/15/2014		125,000		22,813
8.125% due 06/01/2012		2,830,000		516,475
Indianapolis Downs Capital LLC
11.00% due 11/01/2012 (g)		5,130,000		4,514,400
Inn of the Mountain Gods Resort & Casino
12.00% due 11/15/2010		6,308,000		6,118,760
Mandalay Resort Group
7.625% due 07/15/2013		1,000,000		922,500
MGM Mirage, Inc.
5.875% due 02/27/2014		1,025,000		876,375
6.625% due 07/15/2015		245,000		213,150
6.75% due 09/01/2012		2,085,000		1,933,837
7.50% due 06/01/2016		1,120,000		1,008,000
7.625% due 01/15/2017		1,715,000		1,560,650
8.375% due 02/01/2011 (a)		3,850,000		3,859,625
Mohegan Tribal Gaming Authority
7.125% due 08/15/2014		3,415,000		2,800,300
Park Place Entertainment Corp.
7.875% due 03/15/2010		2,510,000		2,353,125
8.125% due 05/15/2011		10,000		8,400
River Rock Entertainment Authority
9.75% due 11/01/2011		580,000		577,100
Seneca Gaming Corp.
7.25% due 05/01/2012		3,005,000		2,832,212
Snoqualmie Entertainment Authority
6.9363% due 02/01/2014 (b)(g)		1,450,000		1,181,750
9.125% due 02/01/2015 (g)		1,295,000		1,107,225
Station Casinos, Inc.
6.00% due 04/01/2012		400,000		328,000
6.50% due 02/01/2014		2,340,000		1,404,000
6.625% due 03/15/2018		2,517,000		1,396,935
6.875% due 03/01/2016		730,000		425,225
7.75% due 08/15/2016		4,958,000		3,991,190
Wynn Las Vegas Capital Corp.
6.625% due 12/01/2014 (g)		6,780,000		6,525,750
				60,640,567
Liquor - 0.21%
Constellation Brands, Inc.
7.25% due 09/01/2016		3,925,000		3,817,063
Medical-Hospitals - 3.67%
Community Health Systems, Inc.
8.875% due 07/15/2015		7,445,000		7,472,919
HCA, Inc.
5.75% due 03/15/2014		210,000		173,250
6.25% due 02/15/2013		40,000		34,800
6.375% due 01/15/2015		6,845,000		5,792,581
7.50% due 12/15/2023		2,950,000		2,316,331
7.69% due 06/15/2025		320,000		253,615
8.75% due 09/01/2010		2,840,000		2,840,000
9.25% due 11/15/2016		5,900,000		6,121,250
9.625% due 11/15/2016		20,350,000		21,113,125
Tenet Healthcare Corp.
6.375% due 12/01/2011 (a)		6,710,000		6,055,775

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

120

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Medical-Hospitals (continued)
Tenet Healthcare Corp. (continued)
6.50% due 06/01/2012	$	3,060,000	$	2,700,450
7.375% due 02/01/2013		6,679,000		5,961,007
9.25% due 02/01/2015		1,961,000		1,833,535
9.875% due 07/01/2014		4,740,000		4,585,950
				67,254,588
Mining - 1.80%
Freeport-McMoRan Copper & Gold, Inc.
8.375% due 04/01/2017		20,460,000		21,713,175
Noranda Aluminium Acquisition Corp.
8.7375% due 05/15/2015 (g)		1,720,000		1,350,200
Noranda Aluminium Holding Corp., PIK
10.4875% due 11/15/2014 (b)(g)		4,670,000		3,432,450
Vale Overseas, Ltd.
6.875% due 11/21/2036		5,200,000		5,073,718
8.25% due 01/17/2034		1,347,000		1,504,138
				33,073,681
Office Furnishings & Supplies - 0.20%
Interface, Inc.
9.50% due 02/01/2014		1,275,000		1,319,625
10.375% due 02/01/2010		2,225,000		2,325,125
				3,644,750
Oil & Gas Drilling - 0.10%
Forbes Energy Services LLC
11.00% due 02/15/2015 (g)		1,780,000		1,744,400
Paper - 3.34%
Abitibi-Consolidated, Inc.
5.25% due 06/20/2008		1,458,000		1,458,000
6.95% due 04/01/2008 (a)		11,330,000		11,330,000
7.40% due 04/01/2018		5,945,000		2,615,800
7.75% due 06/15/2011		4,892,000		2,641,680
7.875% due 08/01/2009 (a)		1,320,000		1,108,800
8.375% due 04/01/2015		1,650,000		849,750
8.55% due 08/01/2010 (a)		2,175,000		1,250,625
13.75% due 04/01/2011 (g)		8,870,000		9,069,575
Appleton Papers, Inc.
8.125% due 06/15/2011		3,775,000		3,633,437
Appleton Papers, Inc., Series B
9.75% due 06/15/2014		5,190,000		4,917,525
NewPage Corp.
9.4894% due 05/01/2012 (b)		15,595,000		15,439,050
Newpage Holding Corp.
11.8181% due 11/01/2013		2,800,000		2,352,000
Rock-Tenn Company
9.25% due 03/15/2016 (g)		2,850,000		2,949,750
Smurfit Capital Funding PLC
7.50% due 11/20/2025		1,945,000		1,711,600
				61,327,592
Petroleum Services - 2.02%
Belden & Blake Corp.
8.75% due 07/15/2012		8,465,000		8,486,163
Compagnie Generale de Geophysique SA
7.50% due 05/15/2015		1,480,000		1,502,200
Complete Production Services, Inc.
8.00% due 12/15/2016		5,860,000		5,625,600

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Petroleum Services (continued)
Enterprise Products Operating LP
7.034% due 01/15/2068 (b)	$	1,825,000	$	1,549,184
8.375% due 08/01/2066 (b)		3,670,000		3,572,231
Key Energy Services, Inc.
8.375% due 12/01/2014 (g)		6,760,000		6,743,100
Pride International, Inc.
7.375% due 07/15/2014		1,680,000		1,747,200
SemGroup LP
8.75% due 11/15/2015 (g)		8,450,000		7,731,750
				36,957,428
Publishing - 1.70%
Dex Media West LLC
9.875% due 08/15/2013		1,166,000		1,014,420
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		5,260,000		3,787,200
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		7,305,000		5,259,600
8.00% due 11/15/2013		180,000		131,400
Idearc, Inc.
8.00% due 11/15/2016		15,247,000		9,872,433
Sun Media Corp.
7.625% due 02/15/2013		405,000		382,725
TL Acquisitions, Inc.
zero coupon, Step up to 13.25% on
07/15/2009 due 07/15/2015 (b)(g)		5,760,000		4,118,400
10.50% due 01/15/2015 (g)		7,620,000		6,553,200
				31,119,378
Railroads & Equipment - 0.93%
American Railcar Industries, Inc.
7.50% due 03/01/2014		2,090,000		1,839,200
Grupo Transportacion Ferroviaria Mexicana,
SA de CV
9.375% due 05/01/2012		9,690,000		10,004,925
Kansas City Southern de Mexico SA de CV
7.375% due 03/01/2014 (g)		2,570,000		2,370,825
7.625% due 12/01/2013		1,565,000		1,471,100
Kansas City Southern Railway Company
7.50% due 06/15/2009		1,360,000		1,380,400
				17,066,450
Real Estate - 0.90%
Ashton Woods USA
9.50% due 10/01/2015		3,600,000		1,926,000
Forest City Enterprises
7.625% due 06/01/2015		197,000		187,150
Realogy Corp.
10.50% due 04/15/2014 (a)		1,240,000		833,900
11.00% due 04/15/2014		5,650,000		3,220,500
12.375% due 04/15/2015 (a)		9,285,000		4,131,825
Ventas Realty LP/Ventas Capital Corp., REIT
6.50% due 06/01/2016		1,580,000		1,524,700
6.75% due 04/01/2017		4,860,000		4,750,650
				16,574,725
Retail - 1.15%
Eye Care Centers of America
10.75% due 02/15/2015		2,302,000		2,348,040

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

121

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Retail (continued)
Michaels Stores, Inc.
10.00% due 11/01/2014	$	5,010,000	$	4,383,750
11.375% due 11/01/2016		2,350,000		1,844,750
Suburban Propane Partners LP
6.875% due 12/15/2013		12,900,000		12,577,500
				21,154,040
Retail Grocery - 0.28%
Delhaize America, Inc.
9.00% due 04/15/2031		4,291,000		5,164,257
Retail Trade - 1.62%
American Greetings Corp.
7.375% due 06/01/2016		490,000		486,325
Blockbuster, Inc.
9.00% due 09/01/2012		5,120,000		4,172,800
Dollar General Corp., PIK
11.875% due 07/15/2017 (a)		11,340,000		9,922,500
Neiman Marcus Group, Inc.
7.125% due 06/01/2028		2,280,000		1,995,000
10.375% due 10/15/2015		13,139,000		13,139,000
				29,715,625
Semiconductors - 0.40%
Freescale Semiconductor, Inc.
8.875% due 12/15/2014		2,120,000		1,658,900
NXP BV / NXP Funding LLC
7.0075% due 10/15/2013 (b)		1,880,000		1,551,000
7.875% due 10/15/2014		2,255,000		2,063,325
9.50% due 10/15/2015		2,560,000		2,105,600
				7,378,825
Steel - 2.43%
GTL Trade Finance, Inc.
7.25% due 10/20/2017 (g)		5,321,000		5,609,068
7.25% due 10/20/2017		5,660,000		5,863,194
Metals USA Holdings Corp., PIK
10.7288% due 07/01/2012		4,780,000		3,561,100
Metals USA, Inc.
11.125% due 12/01/2015		10,245,000		10,040,100
Ryerson, Inc.
12.00% due 11/01/2015 (g)		12,340,000		11,661,300
Steel Dynamics, Inc.
7.375% due 11/01/2012 (g)		2,895,000		2,923,950
Tube City IMS Corp.
9.75% due 02/01/2015		5,635,000		4,958,800
				44,617,512
Telecommunications Equipment &
Services - 3.75%
Axtel SAB de CV
7.625% due 02/01/2017 (g)		9,120,000		9,165,600
Axtel SAB de CV, Series REGS
7.625% due 02/01/2017		430,000		432,150
Citizens Communications Company
7.05% due 10/01/2046		1,375,000		941,875
7.875% due 01/15/2027		4,040,000		3,464,300
9.25% due 05/15/2011		550,000		569,250
Fairpoint Communications, Inc.
13.125% due 04/01/2018 (g)		1,180,000		1,132,800

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services (continued)
Globo Comunicacoes e Participacoes SA
7.25% due 04/26/2022 (g)	$	4,871,000	$	4,749,225
Hawaiian Telcom Communications, Inc., Series B
12.50% due 05/01/2015 (a)		5,405,000		1,945,800
Intelsat Bermuda, Ltd.
9.25% due 06/15/2016		4,925,000		4,961,937
11.25% due 06/15/2016		13,240,000		13,422,050
iPCS, Inc.
5.3644% due 05/01/2013		4,000,000		3,080,000
Level 3 Financing, Inc.
6.7044% due 02/15/2015 (b)		2,420,000		1,694,000
9.25% due 11/01/2014		11,615,000		9,495,263
PanAmSat Corp.
9.00% due 08/15/2014		568,000		572,260
9.00% due 06/15/2016		1,150,000		1,158,625
True Move Company, Ltd.
10.375% due 08/01/2014 (g)		2,960,000		2,752,800
United States West Communications, Inc.
6.875% due 09/15/2033		11,490,000		9,192,000
				68,729,935
Telephone - 2.22%
Cincinnati Bell Telephone Company
6.30% due 12/01/2028		2,610,000		2,088,000
Nordic Telephone Company Holdings
8.875% due 05/01/2016 (g)		8,415,000		8,162,550
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014		7,320,000		6,880,800
Virgin Media, Inc.
9.125% due 08/15/2016		13,175,000		11,791,625
Windstream Corp.
8.625% due 08/01/2016		11,990,000		11,780,175
				40,703,150
Tobacco - 0.32%
Alliance One International, Inc.
8.50% due 05/15/2012		3,685,000		3,463,900
11.00% due 05/15/2012		2,270,000		2,304,050
				5,767,950
Transportation - 0.47%
Gulfmark Offshore, Inc.
7.75% due 07/15/2014		2,490,000		2,527,350
Teekay Shipping Corp.
8.875% due 07/15/2011		5,720,000		6,048,900
				8,576,250
Trucking & Freight - 0.38%
Saint Acquisition Corp.
10.815% due 05/15/2015 (b)(g)		11,475,000		4,561,313
12.50% due 05/15/2017 (a)(g)		6,055,000		2,467,412
				7,028,725
Utility Service - 0.23%
Edison Mission Energy
7.20% due 05/15/2019		4,190,000		4,137,625
TOTAL CORPORATE BONDS (Cost $1,761,162,781)			$	1,566,256,847

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

122

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
DEFAULTED BONDS BEYOND MATURITY
DATES - 0.35%
Argentina - 0.35%
Republic of Argentina
7.00% due 03/18/2004 ^	EUR	2,185,000,000	$	497,945
7.625 due 08/11/2007 ^		4,400,000,000		1,116,163
8.00% due 02/26/2008 ^		450,000		198,922
8.50% due 02/23/2005 ^		2,003,000		497,173
9.00% due 06/20/2003 ^		925,000		438,103
9.25% due 10/21/2002 ^		1,075,000		498,115
9.25% due 07/20/2004 ^		600,000		284,175
9.75% due 11/26/2003 ^		1,975,000		907,346
10.00% due 02/22/2007 ^		825,000		406,226
10.00% due 09/07/2007 ^		1,000,000		469,678
10.00% due 01/03/2007 ^		1,075,000,000		280,489
10.50% due 11/14/2002 ^		3,500,000		836,261
				6,430,596
TOTAL DEFAULTED BONDS BEYOND MATURITY DATES
(Cost $5,119,106)			$	6,430,596
COMMON STOCKS - 0.01%
Electrical Utilities - 0.00%
PNM Resources, Inc.		210		2,619
Household Products - 0.00%
Home Interiors *		8,156,736		81,567
Telecommunications Equipment &
Services - 0.01%
Maxcom Telecomunicaciones SAB de CV *		13,302		153,771
Viatel Holding, Ltd. *		11,667		140
XO Holdings, Inc. *		5,320		6,916
				160,827
TOTAL COMMON STOCKS (Cost $8,463,631)			$	245,013
PREFERRED STOCKS - 0.88%
Banking - 0.57%
Bank of America Corp., Series L, 7.25%		10,030		10,360,990
Cable & Television - 0.00%
ION Media Networks, Inc., Series B *		13		13,000
Financial Services - 0.31%
Citigroup, Inc., Series T, 6.50%		120,500		5,721,340
TOTAL PREFERRED STOCKS (Cost $16,203,500)			$	16,095,330
TERM LOANS - 3.35%
Apparel & Textiles - 0.12%
Simmons Holdco, Inc., PIK
10.65% due 02/15/2012 (b)		3,500,000		2,240,000
Auto Parts - 0.38%
Allison Transmission, Inc.
7.17% due 08/07/2014 (b)		7,980,000		7,032,415
Auto Services - 0.15%
Penhall Holdings, PIK
12.6425% due 04/01/2012 (b)		3,180,601		2,740,613
Containers & Glass - 0.46%
Berry Plastics Group, Inc.
11.6463% due 06/15/2014 (b)		9,880,285		8,398,292

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Domestic Oil - 0.92%
Ashmore Energy
7.83% due 03/30/2014 (b)	$	4,650,333	$	4,045,789
Sandridge Energy
8.625% due 04/01/2015 (b)		13,000,000		12,853,750
				16,899,539
Food & Beverages - 0.02%
Aramark Corp.
6.705% due 01/31/2014 (b)		437,397		408,772
Aramark Corp., Tranche B
7.0731% due 01/31/2014 (b)		59,735		53,463
				462,235
Gas & Pipeline Utilities - 0.20%
Stallion Oilfield Services
9.3838% due 07/31/2012 (b)		5,300,000		3,604,000
Healthcare Services - 0.32%
Iasis Holdco, Inc., PIK
10.5392% due 06/15/2014 (b)		6,496,479		5,911,796
Leisure Time - 0.10%
Las Vegas Sands, LLC
1.00% due 05/23/2014 (b)		2,000,000		1,770,690
Paper - 0.19%
Verso Paper Holdings, Inc.
11.1613% due 02/01/2013 (b)		4,000,000		3,400,000
Telecommunications Equipment &
Services - 0.49%
Wind Acquisition Finance SA, PIK
12.4488% due 12/21/2011 (b)		10,113,790		8,950,704
TOTAL TERM LOANS (Cost $68,720,304)			$	61,410,284
WARRANTS - 0.01%
Republic of Venezuela - 0.01%
Republic of Venezuela
(Expiration date 04/15/2020; strike
price $26.00) *		346,000		125,425
TOTAL WARRANTS (Cost $107,260)			$	125,425
REPURCHASE AGREEMENTS - 1.82%
Merrill Lynch Tri-Party Repurchase
Agreement dated 03/31/2008 at
2.25% to be repurchased at
$33,402,088 on 04/01/2008,
collateralized by $34,184,000
Federal Home Loan Bank Discount
Notes, zero coupon due
05/23/2008 (valued at
$34,068,000, including interest)	$	33,400,000	$	33,400,000
TOTAL REPURCHASE AGREEMENTS
(Cost $33,400,000)			$	33,400,000
SHORT TERM INVESTMENTS - 4.13%
Bank Negara Malaysia Monetary Notes, Series 3107
zero coupon due 04/10/2008 to
05/08/2008	MYR	12,449,000	$	3,882,724
Bank Negara Malaysia Monetary Notes, Series 5207
zero coupon due 06/17/2008		9,467,000		2,939,095

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

123

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Egypt Treasury Bills, Series 364
zero coupon due 10/28/2008 to
11/25/2008	EGP	120,400,000	$	20,773,244
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	48,203,278		48,203,278
TOTAL SHORT TERM INVESTMENTS
(Cost $75,798,341)			$	75,798,341
Total Investments (High Yield Trust)
(Cost $2,051,416,481) - 100.28%			$	1,839,420,415
Liabilities in Excess of Other Assets - (0.28)%				(5,070,461)
TOTAL NET ASSETS - 100.00%			$	1,834,349,954
Income Trust
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS - 2.01%
Federal Home Loan Bank - 0.71%
5.50% due 05/01/2037 to 06/01/2037	$	2,897,091	$	2,928,243
Federal National Mortgage
Association - 1.30%
5.50% due 07/01/2037		2,843,038		2,872,629
6.00% due 07/01/2037		2,365,324		2,425,190
				5,297,819
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $7,895,862)			$	8,226,062
CORPORATE BONDS - 32.06%
Advertising - 0.50%
R.H. Donnelley Corp.
8.875% due 10/15/2017 (g)		800,000		500,000
R.H. Donnelley Corp., Series A-2
6.875% due 01/15/2013		1,500,000		915,000
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		1,000,000		632,500
				2,047,500
Auto Parts - 0.02%
TRW Automotive, Inc.
7.25% due 03/15/2017 (g)		100,000		91,000
Auto Services - 0.29%
Hertz Corp.
8.875% due 01/01/2014		1,250,000		1,184,375
Automobiles - 0.40%
Ford Motor Company
7.45% due 07/16/2031		200,000		132,000
General Motors Corp.
8.375% due 07/15/2033		2,100,000		1,480,500
				1,612,500
Broadcasting - 0.51%
CanWest Media, Inc.
8.00% due 09/15/2012		2,211,000		2,100,450

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Building Materials & Construction - 0.15%
KB Home
5.75% due 02/01/2014	$	700,000	$	602,000
Business Services - 1.18%
Ceridian Corp.
11.25% due 11/15/2015 (g)		3,500,000		2,992,500
First Data Corp.
9.875% due 09/24/2015 (g)		2,200,000		1,809,500
				4,802,000
Cable & Television - 3.17%
Cablevision Systems Corp., Series B
8.00% due 04/15/2012		2,075,000		2,017,937
Charter Communications Holdings I LLC
11.75% due 05/15/2014		5,000,000		2,525,000
13.50% due 01/15/2014		4,000,000		2,520,000
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		2,500,000		1,737,500
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		1,000,000		910,000
CSC Holdings, Inc., Series B
7.625% due 04/01/2011		800,000		791,000
Quebecor Media, Inc.
7.75% due 03/15/2016 (g)		1,000,000		912,500
Univision Communications, Inc.
9.75% due 03/15/2015 (g)		2,500,000		1,512,500
				12,926,437
Cellular Communications - 0.23%
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		1,000,000		920,000
Chemicals - 0.38%
Ineos Group Holdings PLC
7.875% due 02/15/2016 (g)	EUR	1,350,000		1,545,200
Containers & Glass - 0.04%
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017	$	200,000		168,000
Crude Petroleum & Natural Gas - 1.42%
Chesapeake Energy Corp.
6.50% due 08/15/2017		2,000,000		1,930,000
6.875% due 11/15/2020		300,000		291,000
Mariner Energy, Inc.
7.50% due 04/15/2013		200,000		192,000
OPTI Canada, Inc.
7.875% due 12/15/2014		1,000,000		977,500
Plains Exploration & Production Company
7.75% due 06/15/2015		1,500,000		1,496,250
W&T Offshore, Inc.
8.25% due 06/15/2014 (g)		1,000,000		927,500
				5,814,250
Electrical Utilities - 2.32%
Energy Future Holdings Corp.
11.25% due 11/01/2017 (g)		4,100,000		4,059,000
Intergen NV
9.00% due 06/30/2017 (g)		1,000,000		1,045,000
Texas Competitive Electric Holdings Company LLC
10.25% due 11/01/2015 (g)		2,400,000		2,391,000

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

124

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Texas Competitive Electric Holdings Company
LLC, PIK
10.50% due 11/01/2016 (g)	$	2,000,000	$	1,960,000
				9,455,000
Electronics - 0.31%
L-3 Communications Corp.
5.875% due 01/15/2015		300,000		287,250
Sanmina-SCI Corp.
5.55% due 06/15/2014 (b)(g)		400,000		360,000
6.75% due 03/01/2013		200,000		173,500
8.125% due 03/01/2016		500,000		442,500
				1,263,250
Energy - 1.46%
Callon Petroleum Company, Series B
9.75% due 12/08/2010		300,000		285,000
Dynegy Holdings, Inc.
7.75% due 06/01/2019		1,000,000		935,000
8.375% due 05/01/2016		3,500,000		3,465,000
Reliant Energy, Inc.
7.625% due 12/31/2014		900,000		893,250
7.875% due 12/31/2017		400,000		398,000
				5,976,250
Financial Services - 8.01%
American Express Company
7.00% due 03/19/2018		900,000		944,837
Citigroup Funding Inc, Series CMCS
8.50% due 11/26/2008		110,000		2,082,278
E*Trade Financial Corp.
7.375% due 09/15/2013		1,237,000		878,270
Ford Motor Credit Company
7.25% due 10/25/2011		1,000,000		821,424
7.375% due 10/28/2009		6,000,000		5,466,798
7.375% due 02/01/2011		2,000,000		1,667,722
7.875% due 06/15/2010		4,000,000		3,487,748
Ford Motor Credit Company LLC
9.75% due 09/15/2010		1,800,000		1,603,391
General Motors Acceptance Corp.
5.625% due 05/15/2009		5,500,000		5,012,172
6.75% due 12/01/2014		500,000		353,851
6.875% due 09/15/2011		1,200,000		918,437
7.75% due 01/19/2010		3,000,000		2,594,898
Lehman Brothers Holdings, Inc., MTN
6.20% due 09/26/2014		4,000,000		3,945,296
RBS Global, Inc.
9.50% due 08/01/2014		1,000,000		935,000
11.75% due 08/01/2016		700,000		605,500
Residential Capital Corp.
6.375% due 06/30/2010		2,000,000		1,005,000
Washington Mutual Preferred Funding
9.75% due 10/29/2049 (b)(g)		500,000		382,500
				32,705,122
Gas & Pipeline Utilities - 0.74%
Dynegy Holdings, Inc.
6.875% due 04/01/2011		1,000,000		982,500
El Paso Corp.
7.75% due 01/15/2032		300,000		308,111

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Gas & Pipeline Utilities (continued)
Sabine Pass LNG LP
7.50% due 11/30/2016	$	1,800,000	$	1,737,000
				3,027,611
Healthcare Products - 0.30%
Bausch & Lomb, Inc.
9.875% due 11/01/2015 (g)		1,200,000		1,221,000
Healthcare Services - 0.72%
DaVita, Inc.
7.25% due 03/15/2015		1,700,000		1,657,500
U.S. Oncology Holdings, Inc., PIK, Series S/A
7.9493% due 03/15/2012		1,580,473		1,216,964
Vanguard Health Holding Company I LLC
zero coupon, Step up to 11.25% on
10/01/2009 due 10/01/2015		100,000		76,500
				2,950,964
Homebuilders - 0.19%
Beazer Homes USA, Inc.
6.875% due 07/15/2015		200,000		143,000
D.R. Horton, Inc.
6.50% due 04/15/2016		700,000		623,000
				766,000
Industrial Machinery - 0.37%
Terex Corp.
8.00% due 11/15/2017		1,500,000		1,492,500
International Oil - 0.28%
Pioneer Natural Resources Company
6.875% due 05/01/2018		1,200,000		1,136,987
Leisure Time - 0.11%
MGM Mirage, Inc.
6.75% due 04/01/2013		500,000		460,000
Medical-Hospitals - 2.44%
Community Health Systems, Inc.
8.875% due 07/15/2015		1,000,000		1,003,750
HCA, Inc.
6.50% due 02/15/2016		2,200,000		1,853,500
Tenet Healthcare Corp.
6.375% due 12/01/2011		5,500,000		4,963,750
9.25% due 02/01/2015		2,300,000		2,150,500
				9,971,500
Petroleum Services - 0.23%
SESI LLC
6.875% due 06/01/2014		1,000,000		955,000
Publishing - 0.88%
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		4,500,000		3,240,000
8.00% due 11/15/2013		500,000		365,000
				3,605,000
Retail Trade - 1.26%
Dollar General Corp.
10.625% due 07/15/2015		3,500,000		3,377,500
Dollar General Corp., PIK
11.875% due 07/15/2017		2,000,000		1,750,000
				5,127,500

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

125

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Sanitary Services - 1.68%
Allied Waste North America, Inc., Series B
7.125% due 05/15/2016	$	1,000,000	$	997,500
7.375% due 04/15/2014		4,000,000		3,935,000
JohnsonDiversey Holdings Inc
10.67% due 05/15/2013		2,000,000		1,920,000
				6,852,500
Semiconductors - 1.49%
Flextronics International, Ltd.
6.25% due 11/15/2014		1,250,000		1,150,000
Freescale Semiconductor, Inc.
8.875% due 12/15/2014		3,300,000		2,582,250
10.125% due 12/15/2016		3,500,000		2,362,500
				6,094,750
Software - 0.51%
Fiserv, Inc.
6.125% due 11/20/2012		2,000,000		2,061,028
Transportation - 0.47%
CEVA Group PLC, ADR
10.00% due 09/01/2014 (g)		2,000,000		1,935,000
TOTAL CORPORATE BONDS (Cost $142,501,942)			$	130,870,674
CONVERTIBLE BONDS - 0.92%
Financial Services - 0.01%
Goldman Sachs Group, Inc., Series ABX
10.00% due 02/27/2009		65,000		29,154
Real Estate - 0.57%
iStar Financial, Inc.
5.2288% due 10/01/2012 (b)		3,200,000		2,332,192
Semiconductors - 0.34%
Advanced Micro Devices Inc.
5.75% due 08/15/2012 (g)		2,000,000		1,383,400
TOTAL CONVERTIBLE BONDS (Cost $8,282,035)			$	3,744,746
COMMON STOCKS - 36.49%
Banking - 1.72%
Bank of America Corp.		150,000		5,686,500
Wachovia Corp.		50,000		1,350,000
				7,036,500
Chemicals - 0.90%
Dow Chemical Company		100,000		3,685,000
Drugs & Health Care - 0.27%
Wyeth		26,000		1,085,760
Electrical Utilities - 10.50%
Ameren Corp.		60,000		2,642,400
American Electric Power Company, Inc.		50,000		2,081,500
CenterPoint Energy, Inc.		100,000		1,427,000
Consolidated Edison, Inc.		80,000		3,176,000
Dominion Resources, Inc.		100,000		4,084,000
FirstEnergy Corp.		50,000		3,431,000
FPL Group, Inc.		40,000		2,509,600
PG&E Corp.		120,000		4,418,400
Pinnacle West Capital Corp.		60,000		2,104,800
Portland General Electric Company		50,000		1,127,500

Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
Public Service Enterprise Group, Inc.	150,000	$	6,028,500
Puget Energy, Inc.	70,000		1,810,900
Teco Energy, Inc.	100,000		1,595,000
The Southern Company	180,000		6,409,800
			42,846,400
Energy - 1.47%
Duke Energy Corp.	220,000		3,927,000
Progress Energy, Inc.	50,000		2,085,000
			6,012,000
Financial Services - 2.69%
CapitalSource, Inc.	60,000		580,200
HSBC Holdings PLC	150,000		2,471,088
JP Morgan Chase & Company	70,000		3,006,500
Merrill Lynch & Company, Inc.	22,000		896,280
Washington Mutual, Inc.	50,000		515,000
Wells Fargo & Company	120,000		3,492,000
			10,961,068
Gas & Pipeline Utilities - 2.00%
AGL Resources, Inc.	60,000		2,059,200
Atmos Energy Corp.	40,000		1,020,000
NiSource, Inc.	30,000		517,200
Spectra Energy Corp.	100,000		2,275,000
Trans-Canada Corp.	60,000		2,311,852
			8,183,252
Healthcare Products - 1.43%
Johnson & Johnson	90,000		5,838,300
Holdings Companies/Conglomerates - 0.54%
General Electric Company	60,000		2,220,600
International Oil - 2.45%
BP PLC, SADR	40,000		2,426,000
Chevron Corp.	35,000		2,987,600
ConocoPhillips	60,000		4,572,600
			9,986,200
Investment Companies - 0.99%
Canadian Oil Sands Trust, ADR	100,000		4,043,061
Manufacturing - 1.16%
3M Company	60,000		4,749,000
Petroleum Services - 0.58%
Halliburton Company	60,000		2,359,800
Pharmaceuticals - 3.37%
Bristol-Myers Squibb Company	75,000		1,597,500
Merck & Company, Inc.	100,000		3,795,000
Pfizer, Inc.	400,000		8,372,000
			13,764,500
Real Estate - 0.52%
Duke Realty Corp., REIT	25,000		570,250
iStar Financial, Inc., REIT	110,200		1,546,106
			2,116,356
Retail Trade - 0.69%
Home Depot, Inc.	100,000		2,797,000

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

126

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors - 2.56%
Intel Corp.	300,000	$	6,354,000
Maxim Integrated Products, Inc.	120,000		2,446,800
Microchip Technology, Inc.	50,000		1,636,500
			10,437,300
Telecommunications Equipment &
Services - 0.54%
Verizon Communications, Inc.	60,000		2,187,000
Telephone - 2.11%
AT&T, Inc.	225,000		8,617,500
TOTAL COMMON STOCKS (Cost $166,156,766)		$	148,926,597
PREFERRED STOCKS - 8.06%
Automobiles - 0.28%
General Motors Corp., Series C, 6.25%	70,000		1,155,000
Banking - 1.11%
Bank of America Corp., Series L, 7.25%	2,850		2,944,050
Washington Mutual, Inc., Series R, 7.75%	2,200		1,562,000
			4,506,050
Electrical Utilities - 0.41%
CMS Energy Trust I, 7.75%	35,000		1,679,944
Energy - 0.06%
PNM Resources, Inc., 6.75%	10,000		237,000
Financial Services - 5.64%
Citigroup, Inc., Series T, 6.50%	20,000		949,600
Federal Home Loan Mortgage Corp.,
Series Z, 8.375%	100,000		2,440,000
Federal National Mortgage Association,
5.375%	20		1,337,500
Federal National Mortgage Association, 6.75%	80,000		1,801,600
Federal National Mortgage Association, 8.25%	150,000		3,607,500
Federal National Mortgage Association,
Series R, 7.625%	60,200		1,426,740
Lehman Brothers Holdings, Inc., 7.50% (g)	44,000		2,210,362
Lehman Brothers Holdings, Inc., Series GE,
7.50% *	100,000		3,669,630
Morgan Stanley, 5.26% * (g)	75,000		5,572,860
			23,015,792
Pharmaceuticals - 0.56%
Schering-Plough Corp., 6.00%	15,000		2,301,750
TOTAL PREFERRED STOCKS (Cost $35,995,624)		$	32,895,536
TERM LOANS - 2.54%
Auto Parts - 0.54%
Allison Transmission, Inc.
5.75% due 08/07/2014 (b)(g)	2,493,750		2,197,629
Business Services - 1.30%
First Data Corp., Tranche B1
7.6338% due 09/24/2014 (b)	3,995,000		3,603,989
U.S. Investigations Services, Inc.
7.91% due 04/01/2015 (b)	1,994,987		1,710,702
			5,314,691

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Electrical Utilities - 0.45%
Texas Competitive Electric Holdings Company
8.6219% due 10/10/2014 (b)	$	1,995,000	$	1,820,338
Healthcare Products - 0.14%
Bausch & Lomb, Inc.
7.9054% due 04/26/2015 (b)		598,875		583,044
Manufacturing - 0.11%
Berry Plastics Corp.
12.2438% due 06/15/2014 (b)		521,454		443,239
TOTAL TERM LOANS (Cost $11,112,440)			$	10,358,941
REPURCHASE AGREEMENTS - 0.01%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$55,002 on 04/01/2008,
collateralized by $60,000 Federal
Farm Credit Bank, 3.90% due
03/20/2013 (valued at $60,150,
including interest)	$	55,000	$	55,000
TOTAL REPURCHASE AGREEMENTS
(Cost $55,000)			$	55,000
SHORT TERM INVESTMENTS - 16.04%
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008	$	65,450,000	$	65,450,000
TOTAL SHORT TERM INVESTMENTS
(Cost $65,450,000)			$	65,450,000
Total Investments (Income Trust)
(Cost $437,449,669) - 98.13%			$	400,527,556
Other Assets in Excess of Liabilities - 1.87%				7,613,820
TOTAL NET ASSETS - 100.00%			$	408,141,376
Income & Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 64.36%
Advertising - 0.29%
Monster Worldwide, Inc. *		19,400	$	469,674
Omnicom Group, Inc.		17,600		777,568
				1,247,242
Aerospace - 1.26%
Boeing Company		40,600		3,019,422
United Technologies Corp.		34,800		2,394,936
				5,414,358
Agriculture - 0.35%
Monsanto Company		13,300		1,482,950
Air Travel - 0.31%
Southwest Airlines Company		108,500		1,345,400
Apparel & Textiles - 0.65%
Coach, Inc. *		14,800		446,220
Hanesbrands, Inc. *		65,112		1,901,270

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

127

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Apparel & Textiles (continued)
Phillips-Van Heusen Corp.	11,700	$	443,664
			2,791,154
Auto Parts - 0.25%
Johnson Controls, Inc.	31,500		1,064,700
Automobiles - 0.52%
Ford Motor Company * (a)	247,000		1,412,840
General Motors Corp. (a)	43,600		830,580
			2,243,420
Banking - 1.99%
Astoria Financial Corp.	16,900		459,004
Fifth Third Bancorp	35,000		732,200
Hudson City Bancorp, Inc.	188,400		3,330,912
SunTrust Banks, Inc.	18,400		1,014,576
Wachovia Corp.	111,230		3,003,210
			8,539,902
Biotechnology - 2.42%
Genentech, Inc. *	94,400		7,663,392
Millennium Pharmaceuticals, Inc. *	175,700		2,716,322
			10,379,714
Broadcasting - 0.34%
CBS Corp., Class B	66,100		1,459,488
Business Services - 1.18%
Affiliated Computer Services, Inc., Class A *	13,900		696,529
Fluor Corp.	16,600		2,343,256
Moody's Corp. (a)	21,700		755,811
Paychex, Inc.	37,300		1,277,898
			5,073,494
Cable & Television - 1.24%
Comcast Corp., Class A	52,650		1,018,251
Time Warner Cable, Inc. *	38,700		966,726
Time Warner Telecom, Inc., Class A *	103,000		1,595,470
Time Warner, Inc.	61,200		858,024
Viacom, Inc., Class B *	21,550		853,811
			5,292,282
Chemicals - 0.73%
Potash Corp. of Saskatchewan, Inc.	20,100		3,119,721
Coal - 0.24%
Peabody Energy Corp.	19,700		1,004,700
Computer Services - 0.09%
NetApp, Inc. *	19,400		388,970
Computers & Business Equipment - 3.04%
Apple, Inc. *	12,400		1,779,400
Brocade Communications Systems, Inc. *	120,200		877,460
Cisco Systems, Inc. *	146,400		3,526,776
Cognizant Technology Solutions Corp.,
Class A *	15,600		449,748
Dell, Inc. *	62,700		1,248,984
International Business Machines Corp.	4,400		506,616
SanDisk Corp. *	121,800		2,749,026
Seagate Technology	49,400		1,034,436
Sun Microsystems, Inc. *	55,575		863,080
			13,035,526

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Construction Materials - 0.10%
Vulcan Materials Company	6,200	$	411,680
Cosmetics & Toiletries - 0.16%
Estee Lauder Companies, Inc., Class A	15,200		696,920
Crude Petroleum & Natural Gas - 0.22%
EOG Resources, Inc.	7,700		924,000
Drugs & Health Care - 0.67%
ImClone Systems, Inc. *	49,300		2,091,306
Wyeth	18,800		785,088
			2,876,394
Electrical Equipment - 0.37%
Cooper Industries, Ltd., Class A	14,200		570,130
Emerson Electric Company	19,800		1,018,908
			1,589,038
Electrical Utilities - 0.66%
AES Corp. *	31,300		521,771
CMS Energy Corp.	37,800		511,812
Edison International	21,800		1,068,636
Pinnacle West Capital Corp.	21,000		736,680
			2,838,899
Electronics - 0.69%
Agilent Technologies, Inc. *	41,300		1,231,979
Flextronics International, Ltd. *	95,200		893,928
Jabil Circuit, Inc.	89,800		849,508
			2,975,415
Financial Services - 6.24%
American Capital Strategies, Ltd.	29,700		1,014,552
AmeriCredit Corp. * (a)	6,400		64,448
Capital One Financial Corp.	12,600		620,172
Federal Home Loan Mortgage Corp.	117,600		2,977,632
Federal National Mortgage Association	75,300		1,981,896
Goldman Sachs Group, Inc.	32,670		5,403,291
JP Morgan Chase & Company	148,716		6,387,352
Lehman Brothers Holdings, Inc.	63,600		2,393,904
SLM Corp. *	56,900		873,415
Visa, Inc. *	7,600		473,936
Washington Mutual, Inc.	183,400		1,889,020
Wells Fargo & Company	91,900		2,674,290
			26,753,908
Food & Beverages - 2.94%
Campbell Soup Company	25,800		875,910
General Mills, Inc.	11,500		688,620
Kraft Foods, Inc., Class A	115,989		3,596,819
PepsiCo, Inc.	47,600		3,436,720
Sara Lee Corp.	123,400		1,725,132
The Coca-Cola Company	13,500		821,745
Unilever NV	42,800		1,443,644
			12,588,590
Furniture & Fixtures - 0.15%
Leggett & Platt, Inc.	41,700		635,925
Gold - 0.93%
Barrick Gold Corp.	91,700		3,984,365

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

128

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products - 1.38%
Baxter International, Inc.	64,600	$	3,735,172
Medtronic, Inc.	44,800		2,166,976
			5,902,148
Healthcare Services - 1.59%
Cerner Corp. *	16,600		618,848
DaVita, Inc. *	27,650		1,320,564
Health Net, Inc. *	9,200		283,360
UnitedHealth Group, Inc.	133,100		4,573,316
			6,796,088
Holdings Companies/Conglomerates - 1.63%
Berkshire Hathaway, Inc., Class A *	11		1,467,400
General Electric Company	149,500		5,532,995
			7,000,395
Hotels & Restaurants - 0.35%
McDonald's Corp.	19,000		1,059,630
Wynn Resorts, Ltd. *	4,500		452,880
			1,512,510
Household Products - 0.26%
Energizer Holdings, Inc. *	8,500		769,080
Jarden Corp. *	16,000		347,840
			1,116,920
Insurance - 2.25%
AFLAC, Inc.	18,800		1,221,060
Ambac Financial Group, Inc.	72,700		418,025
American International Group, Inc.	75,275		3,255,644
Marsh & McLennan Companies, Inc.	69,300		1,687,455
MBIA, Inc. (a)	79,800		975,156
Progressive Corp.	51,900		834,033
XL Capital, Ltd., Class A	41,800		1,235,190
			9,626,563
International Oil - 2.91%
Anadarko Petroleum Corp.	13,900		876,117
Chevron Corp.	14,855		1,268,023
ConocoPhillips	21,000		1,600,410
Exxon Mobil Corp.	28,100		2,376,698
Royal Dutch Shell PLC, ADR, Class B	10,695		720,629
Royal Dutch Shell PLC, ADR	42,700		2,945,446
Weatherford International, Ltd. *	37,200		2,695,884
			12,483,207
Internet Content - 2.00%
Google, Inc., Class A *	14,500		6,386,815
Yahoo!, Inc. *	75,400		2,181,322
			8,568,137
Internet Retail - 0.58%
eBay, Inc. *	83,900		2,503,576
Leisure Time - 1.05%
Carnival Corp.	19,800		801,504
Las Vegas Sands Corp. *	19,100		1,406,524
Walt Disney Company	73,300		2,300,154
			4,508,182
Liquor - 0.16%
Anheuser-Busch Companies, Inc.	14,600		692,770

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Manufacturing - 0.90%
Danaher Corp.	15,000	$	1,140,450
Illinois Tool Works, Inc.	44,000		2,122,120
Tyco International, Ltd.	13,400		590,270
			3,852,840
Mining - 0.41%
Cleveland-Cliffs, Inc.	7,400		886,668
Freeport-McMoRan Copper & Gold, Inc.,
Class B	9,200		885,224
			1,771,892
Petroleum Services - 1.44%
Baker Hughes, Inc.	9,400		643,900
BJ Services Company	80,300		2,289,353
Schlumberger, Ltd.	37,100		3,227,700
			6,160,953
Pharmaceuticals - 3.88%
Abbott Laboratories	25,700		1,417,355
Allergan, Inc.	37,900		2,137,181
AstraZeneca PLC, SADR	64,200		2,438,958
Bristol-Myers Squibb Company	49,300		1,050,090
Forest Laboratories, Inc. *	91,500		3,660,915
Pfizer, Inc.	102,800		2,151,604
Sanofi-Aventis, ADR	43,800		1,644,252
Sepracor, Inc. *	48,400		944,768
Teva Pharmaceutical Industries, Ltd., SADR	25,800		1,191,702
			16,636,825
Publishing - 0.39%
Gannett Company, Inc.	56,900		1,652,945
Real Estate - 0.05%
Host Hotels & Resorts, Inc., REIT	12,866		204,827
Retail Trade - 4.70%
Best Buy Company, Inc.	91,700		3,801,882
Costco Wholesale Corp.	7,400		480,778
Home Depot, Inc.	49,800		1,392,906
Lowe's Companies, Inc.	207,200		4,753,168
Nordstrom, Inc.	58,200		1,897,320
Target Corp.	114,700		5,812,996
Urban Outfitters, Inc. *	43,400		1,360,590
Walgreen Company	17,200		655,148
			20,154,788
Semiconductors - 2.80%
Altera Corp.	33,400		615,562
Applied Materials, Inc.	226,000		4,409,260
Intel Corp.	82,000		1,736,760
KLA-Tencor Corp.	77,400		2,871,540
Lam Research Corp. *	17,200		657,384
Microchip Technology, Inc.	16,100		526,953
Micron Technology, Inc. *	157,400		939,678
Qimonda AG, SADR * (a)	57,900		249,549
			12,006,686
Software - 1.57%
Adobe Systems, Inc. *	35,000		1,245,650
Microsoft Corp.	126,980		3,603,692
Oracle Corp. *	50,600		989,736

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

129

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software (continued)
VeriFone Holdings, Inc. * (a)	56,800	$	901,416
			6,740,494
Steel - 0.85%
Allegheny Technologies, Inc.	39,900		2,847,264
Nucor Corp.	11,700		792,558
			3,639,822
Telecommunications Equipment &
Services - 1.76%
American Tower Corp., Class A *	27,900		1,093,959
Ciena Corp. *	20,500		632,015
Corning, Inc.	43,300		1,040,932
Level 3 Communications, Inc. * (a)	341,100		723,132
Polycom, Inc. *	25,900		583,786
QUALCOMM, Inc.	63,900		2,619,900
Verizon Communications, Inc.	23,100		841,995
			7,535,719
Telephone - 0.87%
AT&T, Inc.	96,800		3,707,440
Tobacco - 0.84%
Altria Group, Inc.	49,200		1,092,240
Philip Morris International, Inc. *	49,200		2,488,536
			3,580,776
Trucking & Freight - 1.71%
FedEx Corp.	16,400		1,519,788
United Parcel Service, Inc., Class B	79,300		5,790,486
			7,310,274
TOTAL COMMON STOCKS (Cost $289,189,728)		$	275,824,932
PREFERRED STOCKS - 0.27%
Banking - 0.13%
Bank of America Corp., 8.00% (b)	190,000		190,228
Washington Mutual, Inc., Series R, 7.75%	520		369,200
			559,428
Financial Services - 0.04%
SLM Corp., Series C, 7.25% *	200		163,800
Pharmaceuticals - 0.10%
Schering-Plough Corp., 6.00%	2,800		429,660
TOTAL PREFERRED STOCKS (Cost $1,600,417)		$	1,152,888
U.S. TREASURY OBLIGATIONS - 3.37%
Treasury Inflation Protected
Securities (d) - 0.23%
2.375% due 01/15/2017	690,703		770,890
3.375% due 04/15/2032	178,349		234,194
			1,005,084
U.S. Treasury Bonds - 0.91%
4.75% due 02/15/2037	325,000		349,553
5.00% due 05/15/2037	675,000		755,103
6.25% due 08/15/2023	1,950,000		2,400,175
8.875% due 08/15/2017	275,000		391,746
			3,896,577

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
U.S. Treasury Notes - 2.23%
3.625% due 07/15/2009 to 05/15/2013	$	4,150,000	$	4,296,276
3.875% due 02/15/2013		465,000		496,170
4.25% due 09/30/2012		905,000		978,036
4.625% due 12/31/2011		490,000		535,019
4.875% due 04/30/2011		2,985,000		3,252,250
				9,557,751
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $14,255,389)			$	14,459,412
U.S. GOVERNMENT AGENCY OBLIGATIONS - 6.45%
Federal Agricultural Mortgage Corp. - 0.28%
5.50% due 07/15/2011		500,000		542,251
5.125% due 03/30/2011		605,000		639,861
				1,182,112
Federal Home Loan Bank - 0.36%
5.125% due 08/14/2013		450,000		487,660
5.625% due 06/13/2016		980,000		1,074,531
				1,562,191
Federal Home Loan Mortgage Corp. - 1.89%
5.00% due 02/01/2038		3,125,000		3,097,064
5.25% due 07/18/2011		250,000		268,810
5.478% due 02/01/2038 (b)		500,000		503,903
5.50% due 01/01/2034		1,776,598		1,798,442
5.726% due 11/01/2037 (b)		98,082		99,762
5.75% due 06/27/2016		630,000		693,607
6.00% due 04/01/2016 to 08/01/2037		1,315,368		1,351,005
6.35% due 02/01/2037		285,689		293,953
				8,106,546
Federal National Mortgage
Association - 3.86%
5.00% due 10/15/2011 to 03/01/2037		4,453,752		4,478,478
5.2212% due 02/17/2009 (b)		1,000,000		1,009,380
5.25% due 08/01/2012		3,175,000		3,329,461
5.50% due 01/01/2035 to 09/01/2037		4,317,579		4,382,255
6.00% due 06/01/2021 to 03/01/2037		924,633		944,822
6.50% IO due 07/01/2037		1,272,909		1,307,599
7.00% due 03/01/2037 to 10/01/2047		939,142		966,228
7.50% due 09/01/2029 to 10/01/2031		132,747		143,431
				16,561,654
Tennessee Valley Authority - 0.06%
4.875% due 01/15/2048		255,000		249,802
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $26,938,878)			$	27,662,305
FOREIGN GOVERNMENT OBLIGATIONS - 4.25%
Argentina - 0.07%
Republic of Argentina
1.3182% due 12/15/2035 (b)		2,383,000		285,960
Australia - 0.06%
Commonwealth of Australia
6.00% due 10/14/2015	AUD	315,000		276,785

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

130

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Brazil - 0.10%
Federative Republic of Brazil
6.00% due 05/15/2045	BRL	165	$	146,853
11.00% due 08/17/2040	$	195,000		261,105
				407,958
Canada - 0.16%
Government of Canada
4.50% due 06/01/2015	CAD	265,000		279,651
5.20% due 02/21/2017	$	380,000		415,579
				695,230
Colombia - 0.10%
Republic of Colombia
7.375% due 09/18/2037		100,000		107,250
10.00% due 01/23/2012		140,000		166,040
12.00% due 10/22/2015	COP	273,000,000		155,832
				429,122
France - 0.24%
Government of France
4.75% due 04/25/2035	EUR	650,000		1,040,605
Gabon - 0.04%
Republic of Gabon
8.20% due 12/12/2017	$	150,000		157,650
Germany - 1.18%
Federal Republic of Germany
3.25% due 07/04/2015	EUR	1,000,000		1,522,593
4.00% due 01/04/2018		780,000		1,241,251
4.25% due 07/04/2014		235,000		381,813
4.50% due 07/04/2009		1,190,000		1,894,398
				5,040,055
Japan - 0.85%
Government of Japan
1.50% due 09/20/2014	JPY	350,000,000		3,658,195
Mexico - 0.13%
Government of Mexico
6.625% due 03/03/2015	$	380,000		424,650
10.00% due 12/05/2024	MXN	13,000		150,304
				574,954
Netherlands - 0.35%
Government of Netherlands
3.25% due 07/15/2015	EUR	995,000		1,509,089
Poland - 0.02%
Republic of Poland
5.75% due 09/23/2022	PLN	230,000		100,873
Russia - 0.12%
Government of Russia
7.50% due 03/31/2030	$	445,500		512,993
South Korea - 0.05%
Republic of Korea
4.25% due 09/10/2014	KRW	210,000,000		200,830
Sweden - 0.30%
Kingdom of Sweden
5.125% due 03/01/2017	$	380,000		406,182

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Sweden (continued)
Kingdom of Sweden (continued)
6.75% due 05/05/2014	SEK	4,585,000	$	890,401
				1,296,583
Turkey - 0.08%
Republic of Turkey
6.75% due 04/03/2018	$	200,000		198,500
10.00% due 02/15/2012	TRY	175,000		141,319
				339,819
United Kingdom - 0.40%
United Kingdom Gilt
4.00% due 09/07/2016	GBP	870,000		1,702,888
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $17,153,699)			$	18,229,589
CORPORATE BONDS - 8.13%
Aerospace - 0.29%
BAE Systems 2001 Asset Trust PLC
6.664% due 09/15/2013 (g)	$	828,805		854,215
7.156% due 12/15/2011 (g)		357,219		384,752
				1,238,967
Air Travel - 0.07%
Delta Air Lines, Inc., Series 02-1
6.417% due 07/02/2012		295,000		295,000
Banking - 1.53%
BAC Capital Trust XIII
3.268% due 03/15/2043 (b)		700,000		476,538
Banco Bilbao Vizcaya Argentaria SA
5.75% due 07/20/2017 (g)		200,000		222,829
Banco Mercantil del Norte SA
6.862% due 10/13/2021 (g)		390,000		358,194
Barclays Bank PLC
7.434% due 09/29/2049 (b)(g)		200,000		180,817
Chuo Mitsui Trust & Banking Company
5.506% due 12/29/2049 (b)(g)		250,000		208,856
CoBank ACB
3.40% due 06/15/2022 (b)(g)		360,000		274,239
Depfa ACS Bank
5.125% due 03/16/2037		250,000		244,168
Depfa ACS Bank, EMTN
4.75% due 10/12/2010		200,000		209,640
Fifth Third Capital Trust IV
6.50% due 04/01/2037 (b)		250,000		178,875
HBOS Treasury Services PLC
5.25% due 02/21/2017 (g)		245,000		260,046
HSBK Europe BV
7.25% due 05/03/2017		300,000		262,410
7.75% due 05/13/2013 (g)		190,000		181,165
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)		145,000		141,392
4.90% due 09/23/2010		220,000		219,360
Kazkommerts International BV
8.00% due 11/03/2015		150,000		117,750
Korea Development Bank
5.30% due 01/17/2013		100,000		102,461

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

131

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Landwirtschaftliche Rentenbank
5.25% due 07/15/2011	$	1,125,000	$	1,218,160
PNC Preferred Funding Trust I
6.113% due 03/15/2049 (b)(g)		500,000		325,279
Resona Bank, Ltd.
5.85% due 09/29/2049 (b)(g)		440,000		365,644
Royal Bank of Scotland Group PLC
6.99% due 10/29/2049 (b)(g)		150,000		127,335
US AgBank FCB
6.11% due 12/31/2049 (b)(g)		400,000		281,468
Washington Mutual Bank
6.75% due 05/20/2036		250,000		174,410
Zions Bancorporation
5.50% due 11/16/2015		500,000		447,471
				6,578,507
Biotechnology - 0.01%
Biogen Idec, Inc.
6.00% due 03/01/2013		60,000		60,708
Broadcasting - 0.06%
News America, Inc.
6.40% due 12/15/2035		150,000		145,578
6.65% due 11/15/2037 (g)		130,000		131,103
				276,681
Business Services - 0.03%
The McGraw-Hill Companies, Inc.
5.375% due 11/15/2012		125,000		127,582
Cable & Television - 0.30%
Charter Communications Operating LLC
8.375% due 04/30/2014 (g)		300,000		270,000
Comcast Corp.
5.875% due 02/15/2018		100,000		97,404
6.95% due 08/15/2037		125,000		125,251
Cox Communications, Inc.
7.75% due 11/01/2010		125,000		134,292
Time Warner Cable, Inc.
5.85% due 05/01/2017		30,000		28,716
Time Warner, Inc.
7.625% due 04/15/2031		255,000		266,707
Univision Communications, Inc.
9.75% due 03/15/2015 (g)		600,000		363,000
				1,285,370
Cellular Communications - 0.14%
US Unwired, Inc., Series B
10.00% due 06/15/2012		530,000		491,575
Vodafone Group PLC
6.15% due 02/27/2037		125,000		116,512
				608,087
Computers & Business Equipment - 0.05%
Cisco Systems, Inc.
5.25% due 02/22/2011		125,000		130,485
Hewlett-Packard Company
5.50% due 03/01/2018		100,000		102,452
				232,937

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Crude Petroleum & Natural Gas - 0.08%
Apache Corp.
6.00% due 01/15/2037	$	125,000	$	126,188
XTO Energy, Inc.
6.10% due 04/01/2036		230,000		227,563
				353,751
Domestic Oil - 0.04%
Marathon Oil Corp.
6.60% due 10/01/2037		170,000		168,906
Electrical Utilities - 0.12%
Appalachian Power Company
5.55% due 04/01/2011		125,000		127,523
Pacific Gas & Electric Company
4.20% due 03/01/2011		150,000		150,616
United Energy Distribution Property, Ltd.
4.70% due 04/15/2011 (g)		170,000		176,227
Virginia Electric and Power Company
5.95% due 09/15/2017		50,000		52,656
				507,022
Electronics - 0.03%
Koninklijke Philips Electronics NV
7.20% due 06/01/2026		125,000		135,590
Energy - 0.08%
Energy East Corp.
6.75% due 07/15/2036		125,000		121,410
Enterprise Products Operating LP, Series B
5.60% due 10/15/2014		90,000		90,048
6.875% due 03/01/2033		125,000		124,179
				335,637
Financial Services - 2.46%
Ambac Financial Group, Inc.
5.95% due 12/05/2035		120,000		71,319
American Express Company
8.15% due 03/19/2038		75,000		83,115
BA Covered Bond Issuer
5.50% due 06/14/2012		240,000		258,281
Capital One Financial Corp.
6.25% due 11/15/2013		470,000		443,265
Capmark Financial Group, Inc.
5.875% due 05/10/2012 (g)		1,025,000		649,415
Caterpillar Financial Services Corp., MTN
4.85% due 12/07/2012		50,000		51,137
CIT Group, Inc.
7.625% due 11/30/2012		50,000		41,557
Citigroup Capital XXI
8.30% due 12/21/2057 (b)		330,000		325,173
Citigroup, Inc.
6.125% due 11/21/2017		50,000		49,926
Countrywide Financial Corp.
5.80% due 06/07/2012		475,000		430,344
Countrywide Home Loans, Inc.
5.625% due 07/15/2009		35,000		32,111
Countrywide Home Loans, Inc., MTN
4.125% due 09/15/2009		25,000		22,524
Countrywide Home Loans, Inc., Series H, MTN
6.25% due 04/15/2009		45,000		41,674

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

132

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Downey Financial Corp.
6.50% due 07/01/2014	$	370,000	$	321,401
Ford Motor Credit Company LLC
8.625% due 11/01/2010		150,000		130,694
General Motors Acceptance Corp.
7.00% due 02/01/2012		450,000		342,216
Goldman Sachs Group, Inc.
6.15% due 04/01/2018		230,000		229,659
6.75% due 10/01/2037		295,000		274,448
International Lease Finance Corp.
5.00% due 04/15/2010		250,000		250,162
JP Morgan Chase Capital XX, Series T
6.55% due 09/29/2036		250,000		218,715
JP Morgan Chase Capital XVIII, Series R
6.95% due 08/17/2036		355,000		326,983
Lehman Brothers Holdings Inc., MTN
6.00% due 07/19/2012		350,000		342,727
Lehman Brothers Holdings, Inc.
4.6069% due 01/12/2012 (b)		220,000		187,860
6.50% due 07/19/2017		125,000		118,706
Lehman Brothers Holdings, Inc., MTN
6.75% due 12/28/2017		75,000		72,099
Merrill Lynch & Company, Inc.
6.11% due 01/29/2037		185,000		146,225
Mitsubishi UFJ Financial Group, Inc., Capital
Finance 1, Ltd.
6.346% due 07/29/2049 (b)		250,000		203,725
Nationwide Building Society
5.50% due 07/18/2012 (g)		165,000		178,997
5.50% due 07/18/2012		210,000		222,170
Nationwide Financial Services
6.75% due 05/15/2037		290,000		241,344
Northern Rock PLC
5.625% due 06/22/2017 (g)		200,000		210,215
Private Export Funding Corp.
5.00% due 12/15/2016		630,000		674,814
QBE Capital Funding II LP
6.797% due 06/01/2049 (g)		200,000		181,188
Reliastar Financial Corp.
6.50% due 11/15/2008		280,000		285,160
SLM Corp., Series 144A
2.935% due 05/12/2008 (b)		270,000		269,513
SLM Corp., Series A
5.00% due 04/15/2015		125,000		89,065
SMFG Preferred Capital
6.078% due 01/29/2049 (b)(g)		240,000		188,160
Temasek Financial I, Ltd.
4.50% due 09/21/2015		930,000		921,238
The Charles Schwab Corp., MTN
6.375% due 09/01/2017		125,000		124,901
Toll Brothers Finance Corp.
4.95% due 03/15/2014		40,000		36,616
5.15% due 05/15/2015		15,000		13,567
5.95% due 09/15/2013		25,000		23,982
Twin Reefs Pass Through Trust
4.0581% due 12/10/2049 (b)(g)		700,000		70,000
Unicredit Luxembourg Finance SA
5.584% due 01/13/2017 (b)(g)		200,000		202,122

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Washington Mutual Bank
5.125% due 01/15/2015	$	250,000	$	186,875
Washington Mutual Preferred Funding
9.75% due 10/29/2049 (b)(g)		900,000		688,500
WEA Finance LLC/WCI Finance LLC
5.70% due 10/01/2016		75,000		67,810
				10,541,698
Food & Beverages - 0.10%
Kraft Foods, Inc.
6.875% due 02/01/2038		75,000		73,807
Tyson Foods, Inc.
6.85% due 04/01/2016		370,000		370,448
				444,255
Gas & Pipeline Utilities - 0.26%
Kinder Morgan Energy Partners LP
5.125% due 11/15/2014		110,000		108,088
6.00% due 02/01/2017		335,000		333,382
6.50% due 02/01/2037		130,000		120,617
TransCanada Pipelines, Ltd.
6.20% due 10/15/2037		150,000		144,633
TransCanada Pipelines, Ltd., ADR
6.35% due 05/15/2067 (b)		170,000		150,260
Williams Companies, Inc.
7.875% due 09/01/2021		148,000		160,395
8.75% due 03/15/2032		84,000		97,020
				1,114,395
Healthcare Services - 0.05%
WellPoint, Inc.
6.375% due 06/15/2037		240,000		215,153
Holdings Companies/Conglomerates - 0.03%
General Electric Company
5.00% due 02/01/2013		125,000		129,478
Homebuilders - 0.03%
Centex Corp.
5.25% due 06/15/2015		115,000		89,125
6.50% due 05/01/2016		35,000		29,225
				118,350
Hotels & Restaurants - 0.08%
Seminole Tribe of Florida
5.798% due 10/01/2013 (g)		180,000		187,537
Wyndham Worldwide Corp.
6.00% due 12/01/2016		170,000		155,262
				342,799
Insurance - 0.58%
ACE INA Holdings, Inc.
6.70% due 05/15/2036		70,000		67,844
Allstate Corp.
6.125% due 05/15/2037 (b)		210,000		193,366
Ambac Financial Group, Inc.
6.15% due 02/15/2037 (b)		40,000		15,222
Assured Guaranty U.S. Holdings, Inc., Series A
6.40% due 12/15/2066 (b)		75,000		56,216
AXA SA
6.379% due 12/14/2049 (b)(g)		700,000		564,250

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

133

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
Catlin Insurance Company, Ltd.
7.249% due 12/31/2049 (b)(g)	$	250,000	$	208,668
CNA Financial Corp.
7.25% due 11/15/2023		100,000		101,960
Liberty Mutual Group, Inc.
6.50% due 03/15/2035 (g)		150,000		137,080
7.50% due 08/15/2036 (g)		150,000		142,096
7.80% due 03/15/2037 (g)		330,000		278,213
Monumental Global Funding III
4.4575% due 01/15/2014 (b)(g)		360,000		329,378
Nationwide Mutual Insurance Company
7.875% due 04/01/2033 (g)		60,000		60,623
XL Capital, Ltd., Series E
6.50% due 12/31/2049 (b)		420,000		314,808
				2,469,724
International Oil - 0.27%
Canadian Natural Resources, Ltd.
5.70% due 05/15/2017		165,000		166,858
Gaz Capital for Gazprom
6.51% due 03/07/2022		100,000		89,500
Husky Energy, Inc.
6.80% due 09/15/2037		300,000		304,869
Pemex Project Funding Master Trust
3.6756% due 12/03/2012 (b)		590,000		574,365
				1,135,592
Manufacturing - 0.07%
Atlas Copco AB, ADR
5.60% due 05/22/2017 (g)		125,000		124,725
Tyco International Group SA
6.875% due 01/15/2029		105,000		102,660
7.00% due 06/15/2028		55,000		52,815
				280,200
Medical-Hospitals - 0.06%
Tenet Healthcare Corp.
9.875% due 07/01/2014		250,000		241,875
Metal & Metal Products - 0.02%
Freeport-McMoRan Copper & Gold, Inc.
6.875% due 02/01/2014		70,000		72,100
Mining - 0.02%
Vale Overseas, Ltd.
6.875% due 11/21/2036		100,000		97,571
Petroleum Services - 0.08%
Petroleum Export, Ltd.
5.265% due 06/15/2011 (g)		347,228		348,377
Pharmaceuticals - 0.12%
Abbott Laboratories
5.60% due 11/30/2017		15,000		15,693
5.875% due 05/15/2016		50,000		53,298
AstraZeneca PLC
5.40% due 09/15/2012		100,000		105,494
Cardinal Health, Inc.
5.80% due 10/15/2016		250,000		251,162
Hospira, Inc.
5.55% due 03/30/2012		75,000		77,523
				503,170

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Pipelines - 0.01%
Enbridge Energy Partners LP
6.50% due 04/15/2018 (g)	$	50,000	$	49,733
Publishing - 0.09%
Nielsen Finance LLC
10.00% due 08/01/2014		400,000		398,000
Railroads & Equipment - 0.01%
Union Pacific Corp.
5.70% due 08/15/2018		25,000		25,166
Real Estate - 0.34%
Brandywine Operating Partnership, REIT
5.40% due 11/01/2014		315,000		261,394
5.70% due 05/01/2017		250,000		202,830
6.00% due 04/01/2016		60,000		50,712
Developers Diversified Realty Corp., REIT
5.00% due 05/03/2010		125,000		122,764
5.50% due 05/01/2015		45,000		40,471
Hospitality Properties Trust, REIT
6.70% due 01/15/2018		400,000		342,637
Kimco Realty Corp., REIT
4.82% due 06/01/2014		125,000		121,435
ProLogis, REIT
5.25% due 11/15/2010		200,000		201,907
5.625% due 11/15/2015		130,000		118,660
				1,462,810
Retail - 0.11%
Federated Retail Holdings, Inc.
5.35% due 03/15/2012		100,000		95,280
6.375% due 03/15/2037		135,000		106,898
Michaels Stores, Inc.
10.00% due 11/01/2014		300,000		262,500
				464,678
Retail Trade - 0.12%
Delhaize Group
6.50% due 06/15/2017		50,000		51,635
Home Depot, Inc.
2.925% due 12/16/2009 (b)		370,000		352,840
Target Corp.
5.125% due 01/15/2013		100,000		102,584
				507,059
Semiconductors - 0.07%
National Semiconductor Corp.
6.15% due 06/15/2012		25,000		25,534
NXP BV / NXP Funding LLC
7.875% due 10/15/2014		300,000		274,500
				300,034
Steel - 0.05%
United States Steel Corp.
6.05% due 06/01/2017		250,000		231,243
Telecommunications Equipment &
Services - 0.04%
SBC Communications, Inc.
5.625% due 06/15/2016		125,000		125,355
Verizon Communications, Inc.
5.50% due 04/01/2017		50,000		49,269
				174,624

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

134

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone - 0.19%
British Telecommunications PLC
5.95% due 01/15/2018	$	100,000	$	96,895
Sprint Capital Corp.
8.75% due 03/15/2032		190,000		160,550
Telecom Italia Capital SA
5.25% due 10/01/2015		50,000		45,425
7.20% due 07/18/2036		130,000		122,774
Valor Telecommunications Enterprise LLC
7.75% due 02/15/2015		360,000		367,696
				793,340
Transportation - 0.04%
BNSF Funding Trust I
6.613% due 12/15/2055 (b)		35,000		31,793
Burlington Northern Santa Fe Corp.
6.15% due 05/01/2037		110,000		105,545
Union Pacific Corp.
5.75% due 11/15/2017		25,000		25,311
				162,649
TOTAL CORPORATE BONDS (Cost $38,339,482)			$	34,828,818
CONVERTIBLE BONDS - 0.20%
Automobiles - 0.20%
Ford Motor Company
4.25% due 12/15/2036		973,000		834,348
TOTAL CONVERTIBLE BONDS (Cost $979,049)			$	834,348
COLLATERALIZED MORTGAGE
OBLIGATIONS - 7.49%
American Home Mortgage Assets, Series 2007-3,
Class 22A1
6.25% due 06/25/2037		143,690		107,506
American Tower Trust, Series 2007-1A, Class AFX
5.4197% due 04/15/2037 (g)		125,000		121,851
American Tower Trust, Series 2007-1A, Class B
5.537% due 04/15/2037 (g)		125,000		119,585
American Tower Trust, Series 2007-1A, Class D
5.957% due 04/15/2037 (g)		125,000		114,976
Banc of America Funding Corp.,
Series 2005-H, Class 9A1
5.9381% due 11/20/2035 (b)		339,934		209,977
Bank of America Commercial Mortgage, Inc.,
Series 2001-3, Class A1
4.89% due 04/11/2037		116,206		115,844
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-10, Class A3
4.65% due 10/25/2035 (b)		875,000		790,921
Bear Stearns Alt-A Trust, Series 2005-9, Class 26A1
5.8037% due 11/25/2035 (b)		346,191		231,445
Bear Stearns Asset Backed Securities, Inc., Series
2005-AC3, Class 2A1
5.25% due 06/25/2020		205,744		174,975
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class C
7.928% due 07/15/2032		250,000		263,016
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2006-CD3, Class A5
5.617% due 10/15/2048		75,000		74,564

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial Mortgage Pass Through Certificates,
Series 2003-LB1A, Class A2
4.084% due 06/10/2038	$	750,000	$	692,082
Countrywide Alternative Loan Trust,
Series 2005-46CB, Class A8
5.50% due 10/25/2035		296,580		276,943
Countrywide Alternative Loan Trust,
Series 2005-54CB, Class 1A7
5.50% due 11/25/2035		333,323		323,172
Countrywide Alternative Loan Trust,
Series 2005-62, Class 2A1
5.236% due 12/25/2035 (b)		230,446		204,476
Countrywide Alternative Loan Trust,
Series 2005-64CB, Class 1A7
5.50% due 12/25/2035		277,093		267,788
Countrywide Alternative Loan Trust,
Series 2007-2CB, Class 1A9
5.75% due 03/25/2037		504,344		426,981
Countrywide Alternative Loan Trust,
Series 2007-HY4, Class 3A1
5.877% due 06/25/2047 (b)		319,255		223,479
Countrywide Alternative Loan Trust,
Series 2007-HY4, Class 4A1
5.956% due 06/25/2047 (b)		403,104		282,173
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2006-HYB5, Class 3A1B
5.9228% due 09/20/2036 (b)		92,799		71,625
Countrywide Home Loans,
Series 2005-12, Class 2A5
5.50% due 05/25/2035		251,781		245,372
Crown Castle Towers LLC,
Series 2005-1A, Class AFL
3.1975% due 06/15/2035 (b)(g)		230,000		222,441
Crown Castle Towers LLC,
Series 2005-1A, Class AFX
4.643% due 06/15/2035 (g)		625,000		649,183
Crown Castle Towers LLC, Series 2005-1A, Class B
4.878% due 06/15/2035 (g)		825,000		800,984
Crown Castle Towers LLC, Series 2005-1A, Class D
5.612% due 06/15/2035 (g)		290,000		275,993
Crown Castle Towers LLC, Series 2006-1A, Class E
6.065% due 11/15/2036 (g)		660,000		621,136
CS First Boston Mortgage Securities Corp.,
Series 2001-CF2, Class A3
6.238% due 02/15/2034		1,974		1,969
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		493,850		496,722
CS First Boston Mortgage Securities Corp.,
Series 2001-CP4, Class A4
6.18% due 12/15/2035		750,000		762,587
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		500,000		517,219
CS First Boston Mortgage Securities Corp.,
Series 2003-23, Class 8A1
5.00% due 09/25/2018		165,893		164,295
CS First Boston Mortgage Securities Corp.,
Series 2004-C1, Class E
5.015% due 01/15/2037 (b)(g)		425,000		315,531

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

135

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
CS First Boston Mortgage Securities Corp.,
Series 2004-C5, Class A3
4.499% due 11/15/2037	$	120,000	$	115,842
CS First Boston Mortgage Securities Corp.,
Series 2005-5, Class 4A1
6.25% due 07/25/2035		278,539		272,794
CS First Boston Mortgage Securities Corp.,
Series 2005-7, Class 3A1
5.00% due 08/25/2020		64,771		60,995
CSAB Mortgage Backed Trust,
Series 2006-2, Class A6A
5.72% due 09/25/2036		825,000		753,876
Federal Home Loan Mortgage Corp., REMICS,
Series 2006-3233, Class PA
6.00% due 10/15/2036		330,787		344,120
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3312, Class PA
5.50% due 05/15/2037		120,131		123,385
Federal Home Loan Mortgage Corp.,
Series T-41, Class 3A
7.50% due 07/25/2032		115,612		122,288
Federal National Mortgage Association,
Series 2002-W3, Class A5
7.50% due 01/25/2028		203,089		220,932
First Horizon Alternative Mortgage Securities,
Series 2005-FA8, Class 1A14
5.50% due 11/25/2035		500,560		484,613
First Union National Bank Commercial Mortgage
Trust, Series 2001-C2, Class A1
6.204% due 01/12/2043		42,852		42,809
First Union National Bank Commercial Mortgage
Trust, Series 2002-C1, Class A1
5.585% due 02/12/2034		231,146		232,152
GE Capital Commercial Mortgage Corp.,
Series 2001-1, Class A1
6.079% due 05/15/2033		23,841		24,029
GE Capital Commercial Mortgage Corp.,
Series 2001-3, Class A2
6.07% due 06/10/2038		500,000		507,429
GE Capital Commercial Mortgage Corp.,
Series 2002-2A, Class A3
5.349% due 08/11/2036		360,000		362,063
Global Signal Trust, Series 2006-1, Class A2
5.45% due 02/15/2036 (g)		375,000		377,370
Global Signal Trust, Series 2006-1, Class C
5.707% due 02/15/2036 (g)		300,000		284,373
GMAC Commercial Mortgage Securities, Inc.,
Series 2001-C2, Class A1
6.25% due 04/15/2034		123,782		124,158
Greenwich Capital Commercial Funding Corp.,
Series 2002-C1, Class A2
4.112% due 01/11/2017		148,367		144,115
GSR Mortgage Loan Trust,
Series 2004-15F, Class 5A1
5.50% due 01/25/2020		428,162		425,715
Harborview Mortgage Loan Trust,
Series 2005-15, Class 2A12
3.3356% due 10/20/2045 (b)		219,720		174,189
Hilton Hotels Pool Trust, Series 2000-HLTA, Class B
3.619% due 10/03/2015 (b)(g)		170,000		170,236

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Indymac IMSC Mortgage Loan
Trust, Series 2007-F3, Class 2A1
6.50% due 09/25/2037	$	439,809	$	402,700
Indymac Index Mortgage Loan
Trust, Series 2006-AR5, Class 2A1
5.8378% due 05/25/2036 (b)		110,633		80,111
JP Morgan Alternative Loan Trust,
Series 2006-S3, Class A6
6.12% due 08/25/2036		875,000		770,188
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2002-C1, Class A3
5.376% due 07/12/2037		1,165,000		1,172,701
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP4, Class A2
4.79% due 10/15/2042		415,000		409,814
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP7, Class A4
5.875% due 04/15/2045 (b)		125,000		127,036
LB-UBS Commercial Mortgage Trust,
Series 2002-C1,Class A4
6.462% due 03/15/2031		500,000		514,403
Lehman Mortgage Trust, Series 2007-7, Class 6A4
7.00% due 08/25/2037		115,215		101,533
Lehman Mortgage Trust, Series 2007-8, Class 3A1
7.25% due 08/25/2037		577,369		521,255
MASTR Alternative Loans Trust,
Series 2004-5, Class 5A1
4.75% due 06/25/2019		620,121		584,853
Residential Accredit Loans, Inc.,
Series 2007-QS11, Class A1
7.00% due 10/25/2037		498,978		423,507
Residential Accredit Loans, Inc.,
Series 2007-QS11, Class A2
7.00% due 10/25/2037		498,978		398,559
Residential Accredit Loans, Inc.,
Series 2007-QS9, Class A33
6.50% due 07/25/2037		118,353		91,774
Residential Asset Securitization Trust,
Series 2004-A6, Class A1
5.00% due 08/25/2019		1,340,258		1,246,440
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		290,000		296,822
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A3
6.428% due 12/18/2035		728,645		744,486
Salomon Brothers Mortgage Securities VII,
Series 2001-C2, Class H
7.4455% due 11/13/2011 (b)		350,000		336,810
SBA CMBS Trust, Series 2005-1A, Class A
5.369% due 11/15/2035 (g)		280,000		282,585
SBA CMBS Trust, Series 2005-1A, Class B
5.565% due 11/15/2035 (g)		250,000		252,308
Structured Adjustable Rate Mortgage Loan Trust,
Series 2006-2, Class 5A1
6.00% due 03/25/2036 (b)		727,860		547,994
Structured Adjustable Rate Mortgage Loan Trust,
Series 2006-4, Class 5A1
5.9181% due 05/25/2036 (b)		1,139,100		837,067

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

136

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Structured Asset Securities Corp.,
Series 1998-RF2, Class A
8.5027% due 07/15/2027 (b)(g)	$	137,666	$	137,399
Washington Mutual Mortgage Pass-Through
Certificates, Series 2007-HY5, Class 3A1
5.8242% due 06/25/2037 (b)		1,563,575		1,582,315
Washington Mutual Mortgage Pass-Through,
Series 2005-1, Class 6A1
6.50% due 03/25/2035		403,922		371,396
Washington Mutual, Inc., Series 2003-S2, Class A1
5.00% due 05/25/2018		574,527		568,302
Washington Mutual, Inc., Series 2003-S6, Class 2A3
4.75% due 07/25/2018		372,376		373,191
Washington Mutual, Inc., Series 2003-S7, Class A1
4.50% due 08/25/2018		163,611		158,601
Wells Fargo Mortgage Backed Securities Trust,
Series 2003-16, Class 2A1
4.50% due 12/25/2018		206,800		204,473
Wells Fargo Mortgage Backed Securities Trust,
Series 2003-3, Class 2A1
5.25% due 04/25/2033		185,451		180,164
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR10, Class 2A6
4.11% due 06/25/2035 (b)		675,000		640,584
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-1, Class A3
5.00% due 03/25/2021		639,466		621,681
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR15, Class A1
5.6542% due 10/25/2036 (b)		1,713,268		1,594,987
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $34,730,577)			$	32,110,333
ASSET BACKED SECURITIES - 3.05%
Advanta Business Card Master Trust,
Series 2005-A1, Class A1
2.6056% due 04/20/2011 (b)		375,000		374,457
Advanta Business Card Master Trust,
Series 2005-A3, Class A3
4.70% due 10/20/2011		375,000		378,448
AmeriCredit Automobile Receivables
Trust, Series 2007-CM, Class A4A
5.55% due 04/07/2014		125,000		115,811
AmeriCredit Automobile Receivables
Trust, Series 2007-DF, Class A4A
5.56% due 07/06/2014		125,000		120,248
ARG Funding Corp., Series 2005-2A, Class A1
4.54% due 05/20/2009 (g)		190,000		190,242
Bear Stearns Asset Backed Securities, Inc.,
Series 2005-CL1, Class A1
3.0987% due 08/25/2035 (b)		164,430		148,016
Carmax Auto Owner Trust, Series 2007-2, Class A3
5.23% due 12/15/2011		125,000		127,537
Countryplace Manufactured Housing Contract
Trust, Series 2005-1, Class A3
4.80% due 12/15/2035 (b)(g)		250,000		242,330
Countrywide Asset-Backed
Certificates, Series 2006-S2, Class A5
5.753% due 07/15/2027		825,000		511,500

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	$	287,656
CPS Auto Trust, Series 2005-C, Class A2
4.79% due 03/15/2012 (g)		505,910		502,004
CPS Auto Trust, Series 2006-A, Class 1A4
5.33% due 11/15/2012 (g)		700,000		696,593
CPS Auto Trust, Series 2006-C, Class A4
5.14% due 06/17/2013 (g)		824,998		753,003
CPS Auto Trust, Series 2007-A, Class A4
5.05% due 11/15/2013 (g)		649,999		593,114
CPS Auto Trust, Series 2007-TFC, Class A2
5.25% due 12/15/2013 (g)		349,937		328,394
Drive Auto Receivables Trust,
Series 2006-2, Class A3
5.33% due 04/15/2014 (g)		450,000		426,586
First Investors Auto Owner Trust,
Series 2005-A, Class A2
4.23% due 07/16/2012 (g)		162,670		163,090
GMAC Mortgage Corp. Loan Trust,
Series 2007-HE2, Class A3
6.193% due 07/25/2037 (b)		500,000		287,581
GSAA Trust, Series 2006-7, Class AF5A
6.2052% due 01/25/2035		125,000		111,889
Hertz Vehicle Financing LLC,
Series 2005-2A, Class A6
5.08% due 11/25/2011 (g)		330,000		303,736
Home Equity Mortgage
Trust, Series 2006-3, Class A1
5.0461% due 09/25/2036 (b)		46,401		32,920
Irwin Home Equity Corp., Series 2006-P1, Class 2A4
5.80% due 06/25/2037 (g)		525,000		477,586
New Century Home Equity Loan Trust,
Series 2004-A, Class AII5
5.25% due 07/25/2034 (b)		510,000		454,133
New Century Home Equity Loan Trust,
Series 2006-2, Class A2B
2.7587% due 08/25/2036 (b)		75,000		61,289
PG&E Energy Recovery Funding LLC,
Series 2005-1, Class A3
4.14% due 09/25/2012		420,000		425,803
PG&E Energy Recovery Funding LLC,
Series 2005-2, Class A2
5.03% due 03/25/2014		1,000,000		1,032,990
PG&E Energy Recovery Funding LLC,
Series 2005-2, Class A3
5.12% due 12/25/2014		500,000		516,534
Rental Car Finance Corp., Series 2005-1A, Class A2
4.59% due 06/25/2011 (g)		500,000		429,947
Residential Accredit Loans, Inc.,
Series 2004-QS16, Class 1A1
5.50% due 12/25/2034		104,033		89,403
Residential Asset Mortgage Products, Inc.,
Series 2004-RS9, Class AI4
4.767% due 10/25/2032 (b)		473,376		463,508
Residential Funding Mortgage Securities II Inc,
Series 2007-HSA2, Class A1F
8.47% due 01/25/2022 (b)		85,079		83,062

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

137

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Residential Funding Mortgage Securities II Inc,
Series 2007-HSA3, Class AI3
6.03% due 05/25/2037 (b)	$	350,000	$	267,225
Spirit Master Funding LLC, Series 2005-1, Class A1
5.05% due 07/20/2023 (g)		351,814		259,252
Triad Auto Receivables Owner Trust,
Series 2005-A, Class A4
4.22% due 06/12/2012		300,000		291,667
UPFC Auto Receivables Trust,
Series 2005-A, Class A3
4.34% due 12/15/2010		138,787		138,880
UPFC Auto Receivables Trust,
Series 2005-B, Class A3
4.98% due 08/15/2011		255,040		250,114
Vanderbilt Acquisition Loan Trust,
Series 2002-1, Class A3
5.70% due 09/07/2023		33,599		33,446
Washington Mutual Master Note
Trust, Series 2006-A2A, Class A
2.8675% due 06/15/2015 (b)(g)		170,000		157,436
Washington Mutual Master Note
Trust, Series 2007-A4A, Class A4
5.20% due 10/15/2014 (g)		125,000		121,406
West Penn Funding LLC Transition Bonds,
Series 2005-A, Class A1
4.46% due 12/27/2010 (g)		795,365		806,053
TOTAL ASSET BACKED SECURITIES
(Cost $14,209,615)			$	13,054,889
SUPRANATIONAL OBLIGATIONS - 0.17%
Supranational - 0.17%
African Development Bank
6.875% due 10/15/2015		615,000		714,257
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $680,307)			$	714,257
SHORT TERM INVESTMENTS - 1.51%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	6,266,324	$	6,266,324
U.S. Treasury Notes
5.625% due 05/15/2008		200,000		201,016
TOTAL SHORT TERM INVESTMENTS
(Cost $6,468,449)			$	6,467,340

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.41%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$6,050,269 on 04/01/2008,
collateralized by $6,125,000
Federal National Mortgage
Association, 5.225% due
01/27/2023 (valued at $6,173,633,
including interest)	$	6,050,000	$	6,050,000
TOTAL REPURCHASE AGREEMENTS
(Cost $6,050,000)			$	6,050,000
Total Investments (Income & Value Trust)
(Cost $450,595,590) - 100.66%			$	431,389,111
Liabilities in Excess of Other Assets - (0.66)%				(2,808,861)
TOTAL NET ASSETS - 100.00%			$	428,580,250
Index Allocation Trust
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
500 Index (MFC Global U.S.A.) (c)(h)		10,566,911	$	119,194,758
International Equity Index A (SSgA) (h)		2,566,845		52,312,304
Mid Cap Index (MFC Global U.S.A.) (c)(h)		2,123,517		33,657,738
Small Cap Index (MFC Global U.S.A.) (c)(h)		2,644,865		33,827,827
Total Bond Market A (Declaration) (c)(h)		7,887,248		103,953,926
TOTAL INVESTMENT COMPANIES (Cost $364,393,260)			$	342,946,553
Total Investments (Index Allocation Trust)
(Cost $364,393,260) - 100.00%			$	342,946,553
Other Assets in Excess of Liabilities - 0.00%				2,863
TOTAL NET ASSETS - 100.00%			$	342,949,416
International Core Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.94%
Australia - 4.49%
Australia and New Zealand
Banking Group, Ltd. (a)	222,597		$	4,619,015
Australian Stock Exchange, Ltd.	23,400			805,740
BHP Billiton, Ltd.	308,001			10,121,218
Bluescope Steel, Ltd.	249,401			2,261,871
CSL, Ltd. (a)	94,905			3,217,125
Fortescue Metals Group, Ltd. * (a)	225,219			1,344,850
Foster's Group, Ltd. (a)	231,357			1,084,423
Incitec Pivot, Ltd.	10,716			1,385,506
Leighton Holdings, Ltd.	53,782			2,116,319
Macquarie Group, Ltd. (a)	25,535			1,232,630
Mirvac Group, Ltd.	536,671			1,981,401
Newcrest Mining, Ltd.	73,914			2,243,179
Qantas Airways, Ltd.	292,304			1,052,931

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

138

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Stockland Company, Ltd. (a)	766,543	$	4,922,496
Suncorp-Metway, Ltd.	420,341		4,981,252
TABCORP Holdings, Ltd. (a)	202,030		2,620,916
Telstra Corp., Ltd. (a)	1,251,538		5,045,506
Westpac Banking Corp., Ltd.	268,187		5,853,256
Woodside Petroleum, Ltd. (a)	170,544		8,475,153
Woolworths, Ltd. (a)	146,852		3,905,946
Zinifex, Ltd.	134,839		1,230,974
			70,501,707
Austria - 0.16%
OMV AG	38,751		2,561,217
Belgium - 1.13%
Belgacom SA	24,791		1,096,088
Colruyt SA	4,408		1,135,774
Dexia (a)	274,132		7,821,091
Fortis Group SA	304,552		7,652,519
			17,705,472
Canada - 2.86%
Barrick Gold Corp.	31,600		1,381,663
BCE, Inc.	41,924		1,419,318
Canadian Imperial Bank of Commerce	19,730		1,270,547
Canadian Natural Resources, Ltd.	36,763		2,516,767
Canadian Pacific Railway, Ltd.	20,500		1,318,135
EnCana Corp.	58,503		4,457,046
Magna International, Inc.	23,600		1,716,113
National Bank of Canada (a)	86,835		4,047,140
Potash Corp. of Saskatchewan, Inc.	82,700		12,850,748
Research In Motion, Ltd. *	103,200		11,611,445
Sun Life Financial, Inc.	51,400		2,403,123
			44,992,045
Denmark - 0.49%
A P Moller Maersk AS, Series A	96		1,068,010
H. Lundbeck AS (a)	26,845		673,349
Novo Nordisk AS	52,700		3,626,561
Vestas Wind Systems AS *	21,600		2,377,649
			7,745,569
Finland - 4.12%
Fortum Corp. Oyj * (a)	91,650		3,739,028
Kone Corp. Oyj	30,184		1,240,062
Neste Oil Oyj	77,369		2,705,693
Nokia AB Oyj	1,402,735		44,284,888
Outokumpu Oyj (a)	71,714		3,264,914
Rautaruukki Oyj *	75,601		3,654,571
Sampo Oyj, A Shares	212,522		5,761,202
			64,650,358
France - 10.51%
Air Liquide	14,709		2,243,188
Alstom	35,979		7,793,939
BNP Paribas SA	137,298		13,844,055
Bouygues SA	27,022		1,718,874
Casino Guich-Perrachon SA	37,436		4,487,432
Compagnie de Saint-Gobain SA	31,098		2,541,566
Compagnie Generale des Etablissements
Michelin, Class B	14,791		1,548,993

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Electricite de France	19,487	$	1,695,107
Essilor International SA	38,580		2,521,373
France Telecom SA	252,040		8,467,377
Hermes International SA	20,366		2,546,694
L'Oreal SA	28,165		3,575,947
PSA Peugeot Citroen SA	104,370		8,100,047
Renault Regie Nationale SA	46,166		5,110,124
Sanofi-Aventis SA	595,101		44,634,232
Societe Generale NV - New Shares *	9,868		949,546
Societe Generale	39,475		3,862,585
Total SA	667,202		49,428,912
			165,069,991
Germany - 8.17%
Adidas-Salomon AG	60,499		3,991,936
Allianz AG	24,579		4,860,131
BASF AG	96,154		12,933,518
Bayer AG	71,146		5,698,528
Bayerische Motoren Werke (BMW) AG	90,588		4,994,231
DaimlerChrysler AG (a)	125,046		10,688,495
Deutsche Boerse AG	48,973		7,892,810
Deutsche Post AG	31,469		961,083
E.ON AG	79,692		14,745,089
K&S AG	13,379		4,352,178
Linde AG	13,712		1,931,621
MAN AG	34,301		4,555,352
Q-Cells AG *	32,279		3,216,215
RWE AG	34,850		4,283,746
Salzgitter AG	38,544		6,714,330
SAP AG	181,303		9,007,912
Siemens AG	57,684		6,255,875
Suedzucker AG (a)	63,991		1,418,621
Thyssen Krupp AG	93,923		5,392,118
Volkswagen AG	42,547		12,326,097
Wacker Chemie AG	10,232		2,096,435
			128,316,321
Greece - 0.13%
National Bank of Greece SA	37,493		1,973,897
Hong Kong - 2.02%
CLP Holdings, Ltd.	1,044,596		8,643,845
Esprit Holdings, Ltd.	212,200		2,576,280
Hang Seng Bank, Ltd.	56,800		1,034,115
Henderson Land Development Company, Ltd.	126,000		907,081
Hong Kong & China Gas Company, Ltd.	506,000		1,530,934
Hong Kong Electric Holdings, Ltd. (a)	885,146		5,617,407
Hong Kong Exchange & Clearing, Ltd.	329,500		5,724,416
Noble Group, Ltd. (a)	689,639		1,112,683
Sun Hung Kai Properties, Ltd.	220,000		3,448,540
Yue Yuen Industrial Holdings, Ltd. (a)	358,782		1,131,350
			31,726,651
Ireland - 0.52%
Bank of Ireland	98,293		1,465,072
CRH PLC	147,852		5,610,585
Kerry Group PLC	32,884		1,032,198
			8,107,855

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

139

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy - 3.08%
Enel SpA	308,241	$	3,273,386
Eni SpA	1,200,787		40,873,890
Italcementi SpA, RNC	48,474		703,477
Luxottica Group SpA	44,307		1,115,340
Mediaset SpA (a)	263,165		2,438,709
			48,404,802
Japan - 20.05%
Acom Company, Ltd.	38,270		1,020,136
Aisin Seiki Company	50,400		1,900,774
Alps Electric Company, Ltd. (a)	87,454		875,609
Asahi Breweries, Ltd.	50,800		1,048,990
Astellas Pharmaceuticals, Inc.	58,626		2,302,443
Cosmo Oil Company, Ltd. (a)	382,000		1,210,505
Daiichi Sankyo Company, Ltd.	197,869		5,870,052
Daikin Industries, Ltd. (a)	105,000		4,576,460
Dena Company, Ltd.	229		1,449,692
Denso Corp.	40,800		1,330,102
Eisai Company, Ltd.	49,420		1,701,570
Fanuc, Ltd.	41,300		3,962,071
Fast Retailing Company, Ltd. (a)	41,900		3,734,316
Fuji Heavy Industries, Ltd.	307,884		1,303,204
Hitachi, Ltd.	372,000		2,221,127
Hokkaido Electric Power Company, Inc.	89,801		2,094,001
Honda Motor Company, Ltd.	675,988		19,525,700
Hoya Corp.	100,000		2,362,787
Ibiden Company, Ltd.	19,200		761,507
Inpex Holdings, Inc.	242		2,735,416
Itochu Corp.	989,953		9,900,750
Japan Real Estate Investment Corp., REIT (a)	164		1,924,594
JFE Holdings, Inc.	82,300		3,681,343
Kao Corp.	175,950		5,006,486
Kawasaki Kisen Kaisha, Ltd. (a)	586,000		5,752,042
Keyence Corp.	12,300		2,862,039
Komatsu, Ltd. (a)	192,100		5,408,743
Konami Corp. (a)	57,477		2,190,056
Konica Minolta Holdings, Inc.	169,000		2,325,059
Kyushu Electric Power Company, Inc.	86,120		2,113,124
Marubeni Corp.	709,176		5,218,192
Marui Company, Ltd. (a)	90		964
Matsushita Electric Industrial Company, Ltd.	205,000		4,456,084
Mazda Motor Corp. (a)	124,512		445,844
Mitsubishi Corp.	513,205		15,702,025
Mitsubishi Electric Corp.	246,000		2,148,256
Mitsubishi Materials Corp.	137,000		601,448
Mitsui & Company, Ltd.	430,440		8,832,891
Mitsui O.S.K. Lines, Ltd.	417,000		5,101,619
Mitsui Trust Holdings, Inc.	441,447		2,690,686
Mitsumi Electric Company, Ltd. (a)	38,900		1,239,377
Murata Manufacturing Company, Ltd.	42,500		2,132,001
NGK INSULATORS, LTD.	108,000		1,931,921
Nidec Corp.	22,500		1,388,425
Nikon Corp. (a)	144,000		3,854,091
Nintendo Company, Ltd.	31,400		16,428,617
Nippon Building Fund, Inc., REIT	96		1,223,357
Nippon Mining Holdings, Inc.	610,000		3,278,369
Nippon Oil Corp.	681,000		4,294,993

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nippon Steel Corp. (a)	484,000	$	2,474,600
Nippon Telegraph & Telephone Corp.	1,551		6,718,309
Nippon Yusen Kabushiki Kaisha (a)	496,000		4,702,949
Nissan Motor Company, Ltd. (a)	1,181,600		9,906,292
Nitto Denko Corp.	36,500		1,551,952
Nomura Research Institute, Ltd. (a)	44,400		1,168,465
NTT DoCoMo, Inc.	5,389		8,216,699
Olympus Optical Company, Ltd. (a)	46,000		1,399,685
Osaka Gas Company, Ltd.	1,588,880		6,382,266
Resona Holdings, Inc. (a)	4,025		6,752,719
Ricoh Company, Ltd.	250,000		4,136,192
Rohm Company, Ltd.	23,200		1,450,028
SANKYO Company, Ltd.	15,600		930,895
SBI Holdings, Inc. (a)	6,662		1,612,042
Secom Company, Ltd.	38,900		1,914,074
SEGA SAMMY HOLDINGS, INC.	237,400		2,529,704
Seven & I Holdings Company, Ltd. (a)	407,800		10,349,746
Sharp Corp.	96,000		1,647,734
Shin-Etsu Chemical Company, Ltd.	142,600		7,425,289
Shinko Securities Company, Ltd. *	159,000		466,794
Shiseido Company, Ltd. (a)	68,000		1,810,477
Showa Shell Sekiyu K.K. (a)	195,200		1,988,877
Sojitz Holdings Corp.	1,217,900		4,076,409
Sony Corp.	65,900		2,650,605
Sumco Corp.	122,500		2,701,545
Sumitomo Chemical Company, Ltd.	175,000		1,129,597
Sumitomo Corp.	250,004		3,332,268
Sumitomo Electric Industries, Ltd.	65,200		833,468
Taisho Pharmaceuticals Company, Ltd. (a)	37,210		740,481
Takeda Pharmaceutical Company, Ltd.	240,911		12,094,229
Takefuji Corp. (a)	105,230		2,229,766
TDK Corp.	36,900		2,196,869
Terumo Corp. (a)	64,200		3,379,189
Tokyo Gas Company, Ltd.	435,603		1,775,414
TonenGeneral Sekiyu K.K. (a)	128,867		1,107,610
Toshiba Corp. (a)	252,000		1,693,620
Yahoo Japan Corp.	6,918		3,635,753
Yamada Denki Company, Ltd.	18,810		1,639,992
			314,872,461
Luxembourg - 0.74%
ArcelorMittal	142,553		11,659,298
Netherlands - 4.35%
Aegon NV	706,006		10,360,257
DSM NV	52,436		2,528,493
Heineken Holding NV	28,901		1,454,054
Heineken NV	143,072		8,309,525
ING Groep NV	694,956		25,981,169
Reed Elsevier NV	235,594		4,504,623
Royal Dutch Shell PLC, A Shares	323,109		11,143,756
TNT Post Group NV	65,247		2,420,346
TomTom NV * (a)	40,098		1,658,128
			68,360,351
Norway - 0.48%
Den Norske Bank ASA	126,700		1,934,290

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

140

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Norway (continued)
Statoil ASA	187,632	$	5,629,138
			7,563,428
Singapore - 2.18%
Cosco Corp. Singapore, Ltd.	821,400		2,230,063
K-REIT Asia * (a)	51,292		57,411
Neptune Orient Lines, Ltd. (a)	648,512		1,547,490
Oversea-Chinese Banking Corp., Ltd.	632,000		3,745,520
SembCorp Industries, Ltd. (a)	469,198		1,398,845
SembCorp Marine, Ltd.	1,161,426		3,260,739
Singapore Exchange, Ltd. (a)	438,000		2,420,733
Singapore Press Holdings, Ltd. (a)	933,000		3,131,647
Singapore Telecommunications, Ltd. (a)	4,142,210		11,856,721
United Overseas Bank, Ltd.	220,000		3,078,419
Wilmar International, Ltd. * (a)	499,000		1,531,014
			34,258,602
Spain - 1.99%
Gas Natural SDG SA	33,169		2,049,371
Iberdrola SA	234,272		3,623,235
Industria de Diseno Textil SA	52,756		2,928,149
Repsol YPF SA	247,465		8,525,430
Telefonica SA	489,189		14,055,374
			31,181,559
Sweden - 1.10%
Hennes & Mauritz AB, B shares (a)	94,000		5,786,537
Investor AB, B shares *	268,200		6,040,975
Scania AB, Series B *	28,400		595,263
SKF AB, B Shares * (a)	102,200		2,057,648
Svenska Handelsbanken AB, Series A	59,400		1,731,077
Swedbank AB, A shares	38,800		1,088,198
			17,299,698
Switzerland - 6.27%
ABB, Ltd.	403,340		10,870,883
Compagnie Financiere
Richemont AG, Series A *	54,348		3,051,243
Nestle SA	48,179		24,081,903
Novartis AG	737,987		37,869,085
Roche Holdings AG - Genusschein	36,925		6,959,246
Swatch Group AG, BR shares	8,398		2,248,733
Swiss Re	63,179		5,522,655
Syngenta AG *	10,775		3,147,857
Synthes AG (a)	12,666		1,770,828
Zurich Financial Services AG	9,194		2,898,025
			98,420,458
United Kingdom - 20.10%
3i Group PLC	377,165		6,214,038
Alliance & Leicester PLC	81,586		839,706
AMEC PLC	174,554		2,507,126
Antofagasta PLC	105,343		1,466,654
Associated British Foods PLC	58,612		1,018,079
AstraZeneca Group PLC	500,484		18,773,165
Aviva PLC	88,011		1,079,141
Barclays PLC	677,927		6,116,060
BG Group PLC	763,624		17,694,210
BHP Billiton PLC	334,333		9,847,402

International Core Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
British American Tobacco PLC		91,293	$	3,428,954
Cadbury Schweppes PLC		269,945		2,975,486
Capita Group PLC		176,008		2,371,492
Diageo PLC		278,405		5,634,021
FirstGroup PLC		110,208		1,233,615
GlaxoSmithKline PLC		2,840,021		60,072,712
HBOS PLC		615,060		6,842,509
Home Retail Group		581,003		3,015,800
ICAP PLC		74,792		845,212
Imperial Tobacco Group PLC		141,369		6,509,857
Kingfisher PLC		619,364		1,628,471
Ladbrokes PLC		279,986		1,732,040
London Stock Exchange Group PLC		58,275		1,398,207
Next Group PLC		114,875		2,602,225
Old Mutual PLC		1,061,993		2,330,674
Reckitt Benckiser PLC		78,585		4,357,816
Reed Elsevier PLC * (a)		139,320		1,774,433
Rio Tinto PLC		239,946		24,936,738
Royal Bank of Scotland Group PLC		3,257,752		21,824,282
Royal Dutch Shell PLC, A Shares		403,316		13,886,940
Royal Dutch Shell PLC, B Shares		139,947		4,714,330
Scottish & Southern Energy PLC		119,319		3,328,135
Smith & Nephew PLC		204,624		2,709,695
Taylor Woodrow PLC		839,600		3,124,991
Tesco PLC		469,048		3,535,026
The Sage Group PLC		333,400		1,246,849
Tullow Oil PLC		81,365		1,065,514
Unilever PLC		161,951		5,477,887
United Utilities PLC		150,748		2,067,590
Vedanta Resources PLC		38,717		1,613,451
Vodafone Group PLC		16,562,465		49,230,657
Wolseley PLC		249,515		2,628,111
				315,699,301
TOTAL COMMON STOCKS (Cost $1,430,754,465)			$	1,491,071,041
PREFERRED STOCKS - 0.57%
Germany - 0.57%
Porsche Automobil Holding SE		21,830		3,988,632
Volkswagen AG		30,297		5,036,414
				9,025,046
TOTAL PREFERRED STOCKS (Cost $4,427,842)			$	9,025,046
SHORT TERM INVESTMENTS - 7.62%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	119,713,273	$	119,713,273
TOTAL SHORT TERM INVESTMENTS
(Cost $119,713,273)			$	119,713,273

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

141

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Core Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.90%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$29,784,324 on 04/01/2008,
collateralized by $30,225,000
Federal Home Loan Mortgage
Corp., 5.51% due 01/23/2023
(valued at $30,383,379, including
interest)	$	29,783,000	$	29,783,000
TOTAL REPURCHASE AGREEMENTS
(Cost $29,783,000)			$	29,783,000
Total Investments (International Core Trust)
(Cost $1,584,678,580) - 105.03%			$	1,649,592,360
Liabilities in Excess of Other Assets - (5.03)%				(79,056,780)
TOTAL NET ASSETS - 100.00%			$	1,570,535,580

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Telecommunications Equipment & Services	9.05%
International Oil	8.72%
Pharmaceuticals	8.72%
Banking	6.24%
Automobiles	5.22%

International Equity Index Trust A
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 94.73%
Argentina - 0.03%
Petrobras Energia Participaciones SA, ADR,
B Shares	2,575	$	29,226
Siderar SA, Class A Shares, ADR	295		19,072
Telecom Argentina SA, ADR, B Shares *	2,234		47,316
Transportadora de Gas del Sur SA, ADR *	410		1,808
			97,422
Australia - 4.63%
ABC Learning Centres, Ltd.	7,362		9,477
AGL Energy, Ltd.	8,284		83,767
Alumina, Ltd.	22,708		116,232
Amcor, Ltd. (a)	19,310		126,352
AMP, Ltd.	38,742		278,855
Ansell, Ltd.	872		9,304
Aristocrat Leisure, Ltd.	6,580		57,923
Asciano Group	10,671		39,177
Australia and New Zealand
Banking Group, Ltd.	37,939		787,256
Australian Stock Exchange, Ltd.	3,546		122,101
Axa Asia Pacific Holdings, Ltd.	18,030		91,034
Babcock & Brown, Ltd. (a)	4,477		60,684
Bendigo Bank, Ltd. (a)	5,385		58,756
BHP Billiton, Ltd.	67,488		2,217,723
Billabong International, Ltd.	2,888		34,379
Bluescope Steel, Ltd.	15,283		138,601

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Boart Longyear Group	24,450	$	41,027
Boral, Ltd.	11,666		67,022
Brambles, Ltd., GDR (a)	11,561		105,584
Brambles, Ltd.	29,743		271,860
Caltex Australia, Ltd. (a)	2,411		28,780
Centro Properties Group, Ltd.	16,982		4,721
Centro Retail Group	26,756		8,345
CFS Gandel Retail Trust	26,244		52,211
CFS Retail Property Trust, REIT	662		1,343
Challenger Financial Services Group, Ltd.	7,517		12,665
Coca-Cola Amatil, Ltd.	11,001		85,619
Cochlear, Ltd.	1,057		53,178
Commonwealth Bank of Australia, Ltd.	26,974		1,036,532
Commonwealth Property Office Fund, Ltd.	10,747		13,093
Computershare, Ltd.	10,486		84,046
Crown, Ltd. *	9,455		90,730
CSL, Ltd. (a)	11,208		379,933
CSR, Ltd.	16,800		49,313
Dexus Property Group, REIT (a)	57,327		88,644
Downer EDI, Ltd.	1,878		10,763
Fortescue Metals Group, Ltd. *	26,510		158,299
Foster's Group, Ltd. (a)	40,286		188,831
Futuris Corp., Ltd.	9,749		16,933
General Property Trust, Ltd.	45,027		134,776
Goodman Fielder, Ltd. (a)	33,499		55,336
Harvey Norman Holding, Ltd.	9,728		34,926
Iluka Resources, Ltd.	3,837		16,490
Incitec Pivot, Ltd.	1,089		140,800
ING Industrial Fund (a)	7,900		15,464
James Hardie Industries, Ltd.	10,195		58,376
John Fairfax Holdings, Ltd.	24,503		78,181
Leighton Holdings, Ltd.	2,844		111,911
Lend Lease Corp.	7,570		92,007
Lion Nathan, Ltd. (a)	6,140		49,202
Macquarie Airports, Ltd. (a)	15,045		44,719
Macquarie Communications
Infrastructure Group, Ltd.	3,420		13,191
Macquarie Goodman Group, Ltd. (a)	30,673		121,545
Macquarie Group, Ltd.	5,300		255,843
Macquarie Infrastructure Group, Ltd.	58,092		148,274
Macquarie Office Trust	40,263		33,561
Mirvac Group, Ltd.	21,926		80,951
National Australia Bank, Ltd.	32,118		888,240
Newcrest Mining, Ltd.	9,189		278,872
NRMA Insurance Group, Ltd.	39,339		132,416
OneSteel, Ltd.	16,361		95,794
Orica, Ltd.	6,467		172,756
Origin Energy, Ltd.	18,705		156,697
Oxiana, Ltd.	26,309		76,546
Pacific Brands, Ltd.	3,130		5,814
Paladin Resources, Ltd. *	10,985		51,147
PaperlinX, Ltd. (a)	7,626		19,244
Perpetual Trust of Australia, Ltd.	768		37,908
Publishing & Broadcasting, Ltd.	9,455		32,348
Qantas Airways, Ltd.	20,299		73,121
QBE Insurance Group, Ltd. (a)	17,532		358,709

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

142

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Rio Tinto, Ltd.	5,788	$	650,199
Santos, Ltd.	11,405		151,666
Sims Group Ltd *	2,307		62,782
Sonic Healthcare, Ltd.	5,964		75,160
St. George Bank, Ltd.	5,213		123,207
Stockland Company, Ltd. (a)	29,301		188,162
Stockland, REIT * (a)	926		5,255
Suncorp-Metway, Ltd.	18,396		218,002
TABCORP Holdings, Ltd. (a)	10,927		141,750
Tattersall's, Ltd.	22,055		70,531
Telstra Corp., Ltd. - Ins Recp. (a)	28,076		72,381
Telstra Corp., Ltd.	62,484		251,902
Toll Holdings, Ltd.	10,956		100,842
Transurban Group, Ltd. *	23,614		140,518
Wesfarmers, Ltd., Price Protected Shares	3,304		121,566
Wesfarmers, Ltd. (a)	10,802		397,204
Westfield Group * (a)	1,078		16,942
Westfield Group (a)	35,345		578,892
Westpac Banking Corp., Ltd.	36,898		805,309
Woodside Petroleum, Ltd.	9,681		481,096
Woolworths, Ltd. (a)	24,273		645,609
WorleyParsons, Ltd. (a)	3,172		97,219
Zinifex, Ltd.	9,780		89,284
			16,431,736
Austria - 0.42%
Andritz AG	815		44,701
BetandWin.com Interactive Entertainment AG *	246		8,093
Erste Bank der Oesterreichischen
Sparkassen AG	3,795		246,152
Flughafen Wien AG	101		12,179
Immoeast Immobilien Anlagen AG *	8,307		79,962
Immofinanz Immobilien Anlage AG	9,149		99,168
Mayr-Melnhof Karton AG	80		8,065
Meinl European Land, Ltd. *	5,977		67,968
Oesterreichische Elektrizitaets AG, Class A *	1,536		109,252
OMV AG	3,299		218,045
Raiffeisen International Bank Holding AG	1,180		160,979
RHI AG *	251		10,105
Telekom Austria AG	6,896		142,443
Voestalpine AG	2,299		159,876
Wiener Staedtische Allgemeine
Versicherung AG	683		52,347
Wienerberger Baustoffindustrie AG	1,589		84,266
			1,503,601
Belgium - 0.97%
Agfa Gevaert NV	1,249		9,747
Barco NV	105		7,518
Bekaert SA	117		17,052
Belgacom SA	3,564		157,576
Cofinimmo SA	83		17,941
Colruyt SA	354		91,212
Compagnie Maritime Belge SA	134		9,019
Compagnie Nationale A Portefeuille, ADR	400		30,521
Delhaize Group	2,081		164,123
Dexia	11,000		313,834
Euronav NV	213		8,087

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Belgium (continued)
Fortis Group SA	43,259	$	1,086,975
Fortis, Strip VVPR *	16,796		265
Groupe Bruxelles Lambert SA	1,704		207,761
Inbev NV	3,853		338,221
KBC Ancora, ADR	318		32,717
KBC Bancassurance Holding NV	3,810		494,160
Mobistar SA *	641		57,984
Omega Pharma SA	177		8,201
SA D'Ieteren Trading NV	26		9,241
Solvay SA	1,338		170,596
Suez SA	108		7,084
UCB SA	2,258		78,434
Umicore	2,620		136,181
			3,454,450
Bermuda - 0.06%
Central European Media Enterprises, Ltd. *	544		46,533
Frontline, Ltd.	508		23,352
SeaDrill, Ltd., GDR	5,190		139,808
			209,693
Brazil - 1.48%
All America Latina Logistica SA	7,900		79,689
Aracruz Celulose SA, SADR	316		21,570
B2W Companhia Global Do Varejo	1,097		36,886
Banco Bradesco SA, ADR *	4,329		120,173
Banco Bradesco SA *	207		5,757
Banco do Brasil SA	3,100		40,828
Banco Nossa Caixa SA	559		6,776
BM&F (Bolsa de Mercadorias e Futuros)	7,024		64,047
Bovespa Holding SA *	5,837		78,672
Brasil Telecom Participacoes SA, ADR	340		22,256
Brasil Telecom Participacoes SA	1,300		36,562
Braskem SA, SADR (a)	862		14,620
Centrais Eletricas Brasileiras SA, ADR,
B Shares (a)	778		11,280
Centrais Eletricas Brasileiras SA, ADR	1,295		19,731
Centrais Eletricas Brasileiras SA *	3,000		45,820
Cia Brasileira de Distribuicao Grupo Pao de
Acucar, ADR	171		7,001
Cia de Concessoes Rodoviarias, ADR	2,700		39,838
Cia de Saneamento Basico do Estado de Sao
Paulo *	2,160		47,528
Cia Energetica de Minas Gerais, ADR	2,108		38,028
Cia Vale do Rio Doce *	23,400		806,805
Companhia Siderurgica Nacional SA, ADR	2,592		93,286
Companhia Siderurgica Nacional SA	5,100		181,829
Companhia Vale Do Rio Doce, ADR *	5,706		197,656
Companhia Vale Do Rio Doce, SADR	8,423		245,530
Cosan SA Industria e Comercio	2,380		35,265
CPFL Energia SA	2,300		46,283
Cyrela Brazil Realty SA	4,000		52,431
Cyrela Commercial Properties SA
Empreendimentos e Participacoes *	800		4,400
Diagnosticos da America SA	700		13,923
EDP- Energias do Brasil SA	900		13,438
Empresa Brasileira de Aeronautica SA	7,300		72,680
Empresa Brasileira de Aeronautica SA, ADR	397		15,685

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

143

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Brazil (continued)
Gafisa SA *	1,828	$	30,222
Gerdau SA, SADR (a)	1,709		52,244
Gerdau SA	963		24,784
Global Village Telecom Holding SA *	1,408		26,560
JBS SA *	5,389		21,959
Localiza Rent A CAR *	2,689		25,607
Lojas Renner SA	2,700		50,932
MMX Mineracao e Metalicos SA *	123		66,242
MRV Engenharia e Participacoes SA *	1,257		22,350
Natura Cosmeticos SA	2,000		20,402
Perdigao SA *	2,128		48,752
Petroleo Brasileiro SA, ADR	2,988		305,105
Petroleo Brasileiro SA, SADR	4,219		357,307
Petroleo Brasileiro SA	18,500		945,401
Redecard SA	6,047		100,594
Souza Cruz SA	1,500		38,887
Tele Norte Leste Participacoes SA, ADR	1,336		35,457
Tele Norte Leste Participacoes SA	1,200		41,436
Tractebel Energia SA	2,800		35,888
Ultrapar Participacoes SA	1,800		63,293
Unibanco - Uniao de Bancos Brasileiros SA *	19,000		222,408
Unibanco - Uniao De Bancos
Brasileiros SA, ADR *	473		55,171
Usinas Siderurgicas de Minas Gerais
SA, SADR	882		49,550
Usinas Siderurgicas de Minas Gerais SA	800		46,873
Votorantim Celulose & Papel SA, SADR *	467		13,314
Weg SA	2,800		31,276
			5,248,287
Canada - 6.19%
ACE Aviation Holdings, Inc. *	600		12,305
Addax Petroleum Corp., ADR	1,100		43,670
Aeroplan Income Fund, ADR	1,735		30,848
Agnico-Eagle Mines, Ltd.	2,887		195,814
Agrium, Inc.	2,639		163,927
Alimentation Couche Tard, Inc., ADR	3,000		47,026
ARC Energy Trust, ADR	2,000		51,400
Astral Media, Inc.	1,300		49,381
Bank Nova Scotia Halifax	19,552		886,693
Bank of Montreal	9,891		442,780
Barrick Gold Corp.	17,210		752,482
BCE, Inc.	5,338		180,716
Biovail Corp.	2,850		30,681
Bombardier, Inc. *	29,062		154,873
Brookfield Asset Management, Inc.	10,248		276,155
Brookfield Properties Corp.	3,890		75,037
CAE, Inc.	5,184		58,736
Cameco Corp.	6,834		225,303
Canadian Imperial Bank of Commerce	7,770		500,362
Canadian National Railway Company	9,902		480,123
Canadian Natural Resources, Ltd.	10,708		733,062
Canadian Oil Sands Trust, ADR	5,000		202,153
Canadian Pacific Railway, Ltd.	3,226		207,430
Canadian Tire Corp., Ltd.	1,746		112,692
Canadian Utilities, Ltd. (a)	1,000		40,421
Canfor Corp. *	100		783

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Celestica, Inc. *	308	$	2,088
CGI Group, Inc. *	6,224		66,093
CI Financial Income Fund	967		20,528
Cott Corp. *	1,369		4,868
Eldorado Gold Corp. *	6,100		42,075
Enbridge, Inc.	7,024		289,664
EnCana Corp.	15,236		1,160,753
Enerplus Resources Fund	3,500		152,248
Ensign Energy Services, Inc.	2,700		52,635
Fairfax Financial Holdings, Ltd.	341		99,298
Finning International, Inc.	3,962		112,207
First Quantum Minerals, Ltd., ADR	1,400		113,533
Fording Canadian Coal Trust	2,900		151,830
Fortis, Inc.	3,200		91,063
George Weston, Ltd.	1,064		48,947
Gerdau Ameristeel Corp *	3,800		54,161
Gildan Activewear, Inc. *	2,200		82,989
Goldcorp, Inc.	13,828		537,385
Great-West Lifeco, Inc. (a)	5,124		154,551
Harry Winston Diamond Corp.	1,264		30,281
Harvest Energy Trust	2,400		53,778
Husky Energy, Inc. (a)	4,848		189,820
IGM Financial, Inc. (a)	2,304		101,435
Imperial Oil, Ltd.	6,327		331,621
ING Canada, Inc., ADR	200		7,110
Inmet Mining Corp.	800		58,454
Ivanhoe Mines, Ltd. *	4,600		47,952
Jazz Air Income Fund, ADR *	517		3,979
Kinross Gold Corp.	11,381		253,909
Loblaw Companies, Ltd.	2,063		61,119
Lundin Mining Corp. *	6,800		46,373
Magna International, Inc.	1,857		135,035
Manulife Financial Corp.	31,276		1,197,169
MDS, Inc. *	2,609		50,835
Methanex Corp.	2,133		56,107
Metro, Inc.	700		16,572
MI Developments, Inc., Class A	229		6,682
National Bank of Canada	3,132		145,974
Nexen, Inc.	9,136		271,112
Niko Resources, Ltd.	900		72,994
Nortel Networks Corp. *	8,076		55,075
Nova Chemicals Corp.	1,651		39,745
Onex Corp.	2,168		63,258
Open Text Corp. *	258		8,164
OPTI Canada, Inc. *	3,300		55,619
Pan American Silver Corp. *	1,500		58,001
Penn West Energy Trust	7,197		201,933
Petro-Canada	9,708		422,955
Potash Corp. of Saskatchewan, Inc.	6,289		977,247
Power Corp. of Canada	7,183		237,929
Power Financial Corp.	4,678		160,012
Precision Drilling Trust, ADR	1,300		30,269
Provident Energy Trust	3,900		41,605
QLT, Inc. *	300		1,073
Research In Motion, Ltd. *	10,000		1,125,140
RioCan Real Estate Investment Trust	2,100		42,350

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

144

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Ritchie Bros. Auctioneers, Inc.	500	$	41,293
Rogers Communications, Inc., Class B	10,358		372,563
RONA, Inc. *	2,200		30,585
Royal Bank of Canada	25,824		1,206,353
Saputo, Inc.	3,000		80,900
Shaw Communications, Inc.	7,098		129,866
Sherritt International Corp., ADR	4,800		67,900
Shoppers Drug Mart Corp.	3,944		199,573
Sino-Forest Corp. *	2,700		42,087
SNC-Lavalin Group, Inc.	2,787		120,771
Sun Life Financial, Inc.	11,248		525,882
Suncor Energy, Inc.	9,198		889,019
Talisman Energy, Inc.	20,374		361,450
Teck Cominco, Ltd.	8,688		356,255
Telus Corp. - Non Voting Shares	3,156		132,980
Telus Corp.	1,205		52,476
Thomson Corp.	4,202		141,315
Toronto Dominion Bank Ontario	7,100		436,535
TransAlta Corp.	4,379		136,219
Trans-Canada Corp.	10,550		406,501
Trican Well Service, Ltd.	2,300		48,153
TSX Group, Inc. (a)	1,676		63,402
Uranium One, Inc. *	3,900		12,842
UTS Energy Corp. *	3,000		15,286
WesternZagros Resources, Ltd. *	2,900		6,894
Yamana Gold, Inc.	12,006		176,151
Yellow Pages Income Fund (a)	5,400		55,186
			21,958,892
Chile - 0.23%
Banco Santander Chile SA, ADR	1,794		93,754
Cia Cervecerias Unidas SA, ADR	1,131		39,970
Compania de Telecomunicaciones de Chile
SA, SADR (a)	4,451		37,834
Distribucion y Servicio D&S SA, ADR (a)	1,922		47,358
Embotelladora Andina SA, ADR, Series A (a)	514		9,463
Embotelladora Andina SA, ADR, Series B (a)	1,218		25,578
Empresa Nacional de Electricidad SA, ADR (a)	4,340		212,226
Enersis SA, SADR	10,330		182,634
Lan Airlines SA, SADR (a)	4,420		62,410
Sociedad Quimica y Minera de
Chile SA, ADR, B Shares	4,090		95,624
Vina Concha Y Toro SA, ADR (a)	512		18,821
			825,672
China - 1.30%
Air China, Ltd., Class H	50,000		42,830
Aluminum Corp. of China, Ltd.	68,000		110,233
Angang New Steel Company, Ltd. Class H	27,960		64,623
Bank of China, Ltd.	470,400		203,316
Bank of Communications Company, Ltd.,
Class H	122,700		145,123
Beijing Capital International Airport Company,
Ltd., Class H	34,000		31,174
Beijing Datang Power Generation
Company, Ltd., Class H	84,000		45,251
BYD Company, Ltd., H Shares	11,400		21,065
Chaoda Modern Agriculture Holdings, Ltd.	40,500		46,210

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China (continued)
China Communications Services Corp., Ltd.,
H Shares *	34,000	$	23,275
China Construction Bank	555,800		416,936
China Life Insurance Company, Ltd.	148,000		514,156
China Mengniu Dairy Company, Ltd.	20,000		58,410
China Merchants Bank Company, Ltd.	28,000		98,532
China Oilfield Services, Ltd., H Shares	16,000		26,526
China Petroleum & Chemical Corp., Class H	348,000		300,588
China Shipping Container Lines Company, Ltd.	66,650		25,507
China Shipping Development Company, Ltd.,
Class H	26,000		82,990
China Telecom Corp., Ltd.	294,000		185,865
China Travel International Investment
Hong Kong, Ltd.	58,000		23,650
COSCO Holdings	52,835		130,354
Country Garden Holdings Company, Ltd. *	68,000		58,919
Dongfeng Motor Group Company, Ltd.	56,000		25,370
Foxconn International Holdings, Ltd. *	41,000		55,695
Guangdong Investment, Ltd.	46,000		23,048
Guangshen Railway Company, Ltd., Class H	30,000		15,744
Guangzhou R&F Properties Company, Ltd., H
Shares	20,400		54,445
Huadian Power International Corp., Ltd.,
Class H	28,000		7,052
Huaneng Power International, Inc., Class H	62,000		47,343
Hunan Non Ferrous Metal Corp., Ltd.	30,000		11,739
Industrial & Commercial Bank of China, Ltd.	848,600		597,621
Jiangsu Expressway, Ltd.	26,000		23,556
Jiangxi Copper Company, Ltd., Class H	30,000		57,599
KWG Property Holding, Ltd. *	16,000		13,690
Lenovo Group, Ltd.	74,000		48,309
Maanshan Iron & Steel Company, Ltd.	36,000		19,027
PetroChina Company, Ltd., Class H	396,000		494,285
PICC Property & Casualty Company, Ltd.,
Class H	48,000		44,110
Semiconductor Manufacturing
International Corp. *	329,000		23,003
Shanghai Electric Group Company, Ltd.	58,000		35,334
Shanghai Forte Land Company	22,000		8,262
Shenzhen Expressway Company, Ltd. *	14,000		10,796
Shui On Land, Ltd.	34,500		32,726
Sinopec Shanghai Petrochemical
Company, Ltd., Class H	50,000		17,304
Sinopec Yizheng Chemical Fibre
Company, Ltd. *	30,000		6,314
Sinotrans, Ltd., Class H	25,000		7,294
Tingyi Cayman Islands Holding Corp., GDR	32,000		42,174
Tsingtao Brewery Company, Ltd., Series H	6,000		17,851
Weichai Power Company, Ltd.	3,000		11,269
Xinao Gas Holdings, Ltd., GDR	10,000		18,088
Yanzhou Coal Mining Company, Ltd., Class H	40,000		56,360
Zhejiang Expressway Company, Ltd., Class H	30,000		26,289
Zijin Mining Group, Ltd. *	85,902		83,101
ZTE Corp., Class H	3,800		18,098
			4,608,429
Colombia - 0.05%
BanColombia SA, ADR	4,615		163,648

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

145

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Czech Republic - 0.15%
CEZ AS	4,187	$	320,054
Komercni Banka AS	308		73,552
Philip Morris CR AS	14		6,306
Telefonica Czech Republic AS	2,281		73,245
Unipetrol AS *	1,475		23,970
Zentiva NV	464		28,082
			525,209
Denmark - 0.77%
A P Moller Maersk AS, Series A	6		66,751
A P Moller Maersk AS	23		258,063
Bang & Olufsen AS, Series B	107		6,699
Carlsberg AS, B Shares	752		96,449
Coloplast AS (a)	575		52,611
Dampskibsselskabet Torm AS, ADR	300		8,938
Danisco AS	1,031		75,492
Danske Bank AS	9,698		359,180
Det Ostasiatiske Kompagni AS * (a)	136		11,948
DSV AS, ADR	4,280		93,998
FLS Industries AS, B Shares	1,117		111,208
GN Store Nord AS *	1,966		9,837
H. Lundbeck AS	510		12,792
Jyske Bank *	1,262		85,223
NKT Holding A/S	211		15,278
Novo Nordisk AS	10,290		708,108
Novozymes AS, B Shares	964		90,687
Rockwool International AS, B Shares	150		25,113
Sydbank AS	1,290		47,141
Topdanmark AS *	353		59,582
TrygVesta AS *	589		51,924
Vestas Wind Systems AS *	3,844		423,133
William Demant Holdings AS *	582		46,660
			2,716,815
Egypt - 0.14%
Alexandria Mineral Oils Company	325		4,654
Commercial International Bank *	3,132		52,880
Credit Agricole Egypt *	1,083		4,849
Egypt Kuwait Holding Company	9,391		41,381
Egyptian Company for Mobile Services	661		23,908
Egyptian Financial Group-Hermes Holding	3,297		33,970
Egyptian International Pharmaceutical
Industries Company	613		3,944
EL Ezz Aldekhela Steel Alexandria	52		14,054
El Ezz Steel Company	569		9,624
Medinet Nasr Housing	756		9,755
Misr Beni Suef Cement Company	246		5,096
Olympic Group Financial Investments	681		9,561
Orascom Construction Industries	1,527		115,256
Orascom Hotels & Development *	1,633		26,108
Orascom Telecom Holding SAE	9,355		127,338
Oriental Weavers	302		3,215
Telecom Egypt	6,452		23,855
			509,448
Finland - 1.32%
Amer Sports Oyj, A Shares	660		13,286
Cargotec Corp. Oyj, B Shares	826		40,681

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Finland (continued)
Elisa Oyj, Class A	3,107	$	77,576
Fortum Corp. Oyj * (a)	9,095		371,047
KCI Konecranes Oyj	586		22,599
Kesko Oyj * (a)	1,369		70,857
Kone Corp. Oyj	3,226		132,535
Metra Oyj, B Shares	1,369		92,442
Metso Oyj	2,627		141,904
Neste Oil Oyj	2,721		95,157
Nokia AB Oyj	80,544		2,542,805
Nokian Renkaat Oyj	2,100		89,958
OKO Bank PLC, Series A (a)	2,000		37,689
Orion Oyj, Series B (a)	1,803		39,075
Outokumpu Oyj (a)	2,387		108,673
Rautaruukki Oyj *	1,681		81,260
Sampo Oyj, A Shares	8,815		238,963
SanomaWSOY Oyj (a)	1,730		47,859
Stora Enso Oyj, R Shares (a)	11,947		138,154
TietoEnator Oyj (a)	676		16,692
UPM-Kymmene Oyj (a)	10,757		191,365
Uponor Oyj	534		12,557
YIT Oyj	2,528		71,837
			4,674,971
France - 7.18%
Accor SA	3,920		286,207
Aeroports de Paris	634		72,262
Air France KLM	2,436		68,531
Air Liquide	4,772		727,751
Alcatel-Lucent	48,097		275,239
Alstom	2,032		440,181
Atos Origin SA *	1,306		72,714
AXA Group SA	31,192		1,128,121
BNP Paribas SA	16,984		1,712,533
Bouygues SA	4,458		283,574
Cap Gemini SA	2,569		146,278
Carrefour SA	11,800		910,504
Casino Guich-Perrachon SA	852		102,129
Christian Dior SA	474		52,538
Cie Generale de Geophysique-Veritas *	487		121,139
CNP Assurances SA	844		104,080
Compagnie de Saint-Gobain SA	5,486		448,358
Compagnie Generale des Etablissements
Michelin, Class B	2,739		286,843
Credit Agricole SA	12,861		397,634
Dassault Systemes SA	1,363		79,257
Eiffage SA	292		28,405
Electricite de France	1,922		167,188
Essilor International SA	3,947		257,954
Eurazeo	182		23,287
European Aeronautic Defence &
Space Company	6,023		142,581
France Telecom SA	36,216		1,216,690
Gaz de France	4,152		250,754
Gecina SA	241		35,893
Groupe DANONE	8,568		766,120
Hermes International SA	1,377		172,189
ICADE *	295		44,061

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

146

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Imerys SA	643	$	58,918
JC Decaux SA	1,101		32,408
Klepierre SA	1,142		70,096
Lafarge SA	2,892		502,529
Lagardere S.C.A.	2,374		177,902
Legrand SA, ADR	682		21,406
L'Oreal SA	4,932		626,187
LVMH Moet Hennessy SA	5,013		557,685
M6-Metropole Television	1,088		24,226
Natixis, ADR	3,206		51,418
Neopost SA	650		72,855
Neuf Cegetel	453		25,231
PagesJaunes Groupe SA	1,945		34,648
Pernod-Ricard SA	3,417		352,061
Pinault-Printemps-Redoute SA	1,473		218,406
PSA Peugeot Citroen SA	3,045		236,319
Publicis Groupe SA	2,458		94,047
Renault Regie Nationale SA	3,627		401,473
Safran SA (a)	2,630		53,954
Sanofi-Aventis SA	20,574		1,543,107
Schneider Electric SA	4,522		584,159
SCOR SE	2,913		69,390
Societe BIC SA	499		30,771
Societe Des Autoroutes Paris-Rhin-Rhone	557		67,359
Societe Generale NV - New Shares *	1,889		181,769
Societe Generale	7,556		739,346
Societe Television Francaise 1	1,890		41,643
Sodexho Alliance	1,819		111,814
STMicroelectronics NV	13,354		142,209
Suez SA Strip VVPR *	1,336		21
Suez SA	20,827		1,365,149
Technip SA	1,858		144,732
Thales SA	1,721		111,391
Thomson SA	4,724		32,919
Total SA	43,225		3,202,276
Unibail-Rodamco, REIT	1,259		323,715
Valeo SA	1,391		55,211
Vallourec SA	952		230,900
Veolia Environnement SA	6,944		484,575
Vinci SA, ADR	8,380		606,218
Vivendi SA	23,566		921,809
Wendel, ADR	267		33,499
Zodiac SA	707		34,713
			25,491,459
Germany - 6.39%
Adidas-Salomon AG	4,347		286,830
Allianz AG	9,269		1,832,807
Altana AG	201		4,232
Arcandor AG *	1,054		21,029
BASF AG	10,116		1,360,687
Bayer AG	15,005		1,201,844
Bayerische Motoren Werke (BMW) AG	3,236		178,405
Beiersdorf AG	1,788		150,304
Bilfinger Berger AG	677		58,199
Celesio AG	1,754		86,855
Commerzbank AG	12,885		402,875

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
Continental AG	3,042	$	309,629
DaimlerChrysler AG	19,351		1,654,056
Deutsche Bank AG	10,248		1,158,198
Deutsche Boerse AG	4,071		656,109
Deutsche Lufthansa AG	4,759		128,877
Deutsche Post AG, GDR	918		28,098
Deutsche Post AG	16,010		488,955
Deutsche Postbank AG	1,640		156,650
Deutsche Telekom AG	57,290		951,839
Douglas Holding AG	231		12,573
E.ON AG	12,796		2,367,592
Fraport AG, ADR	258		18,622
Fresenius Medical Care AG	3,765		189,471
Fresenius SE	715		59,575
GEA Group AG *	3,066		103,245
Heidelbergcement AG	210		36,027
Heidelberger Druckmaschinen AG	1,038		27,941
Henkel KGaA	2,177		92,489
Henkel KGaA	3,662		169,048
Hochtief AG	887		81,177
Hypo Real Estate Holding AG	4,038		104,807
Infineon Technologies AG *	14,777		103,484
IVG Immobilien AG	1,907		53,302
K&S AG	717		233,239
Linde AG	2,455		345,838
MAN AG	2,391		317,537
Merck & Company AG *	1,292		159,145
Metro AG	3,385		273,429
Muenchener Rueckversicherungs-
Gesellschaft AG	4,295		841,632
Premiere AG *	641		13,837
ProSieben Sat.1 Media AG	1,852		40,014
Puma AG	139		53,484
Q-Cells AG *	915		91,169
Qiagen AG *	1,556		32,189
Rheinmetall AG	643		45,389
RWE AG	9,192		1,129,876
Salzgitter AG	835		145,456
SAP AG	17,692		879,015
Siemens AG	17,867		1,937,690
Solarworld AG	1,726		82,408
Suedzucker AG	138		3,059
Thyssen Krupp AG	7,307		419,495
TUI AG *	4,099		105,224
Volkswagen AG	3,274		948,496
Wacker Chemie AG	138		28,275
Wincor Nixdorf AG	254		20,282
			22,682,009
Greece - 0.53%
Alpha Bank A.E.	8,077		268,039
Athens Stock Exchange SA (ASE)	610		14,509
Bank of Piraeus SA	6,681		205,691
Coca Cola Hellenic Bottling Company SA	3,420		159,740
EFG Eurobank Ergas SA	6,607		200,983
Folli-Follie SA	310		10,375
Greek Organization of Football Prognostics	4,660		166,197

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

147

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Greece (continued)
Hellenic Petroleum SA	2,110	$	27,794
Hellenic Technodomiki Tev SA	1,200		14,676
Hellenic Telecommunications Organization SA	6,160		174,649
Motor Oil Hellas Corinth Refineries SA	878		18,516
National Bank of Greece SA	8,408		442,657
Public Power Corp.	2,190		95,806
Titan Cement Company SA	1,260		53,596
Viohalco SA	1,820		18,852
			1,872,080
Hong Kong - 2.83%
Agile Property Holdings, Ltd.	31,800		33,872
Alibaba.com, Ltd. * (g)	20,900		43,934
Anhui Conch Cement Company, Ltd., Class H	10,000		69,206
ASM Pacific Technology, Ltd.	3,586		26,050
Bank of East Asia, Ltd.	26,878		136,421
Beijing Enterprises Holdings, Ltd.	10,000		38,948
Belle International Holdings, Ltd., GDR	39,882		41,693
BOC Hong Kong Holdings, Ltd.	70,672		172,086
Brilliance China Automotive Holdings, Ltd. *	46,000		7,676
C C Land Holdings, Ltd.	10,000		9,721
Cathay Pacific Airways, Ltd.	24,218		47,664
Cheung Kong Holdings, Ltd.	29,151		419,683
Cheung Kong Infrastructure Holdings, Ltd.	8,228		33,165
China Agri-Industries Holdings, Ltd. *	30,000		18,361
China BlueChemical, Ltd.	34,000		18,123
China CITIC Bank *	101,000		53,620
China Coal Energy Company, H Shares	36,000		63,665
China Communications
Construction Company , Ltd.	88,535		198,966
China Eastern Airlines Corp., Ltd. *	32,000		16,358
China Everbright, Ltd. *	14,000		27,763
China High Speed Transmission Equipment
Group Company, Ltd. *	17,000		25,037
China Insurance International Holdings
Company, Ltd. *	14,000		32,083
China Merchants Holdings International
Company, Ltd.	22,540		108,213
China Mobile, Ltd.	126,500		1,900,626
China Molybdenum Company, Ltd. * (g)	24,000		26,657
China National Building Material Company,
Ltd.	18,000		43,099
China Netcom Group Corp Hong Kong, Ltd.	17,500		50,319
China Overseas Land & Investment, Ltd.	84,000		155,235
China Resource Power Holdings, Ltd.	30,000		59,645
China Resources Enterprises, Ltd.	24,000		77,877
China Resources Land, Ltd.	36,000		63,212
China Shenhua Energy Company, Ltd.	68,000		274,935
China Southern Airlines Company, Ltd. *	24,000		19,117
China Unicom, Ltd.	34,000		72,238
Chinese Estates Holdings, Ltd.	10,000		15,635
Citic 1616 Holdings, Ltd.	1,050		296
CITIC International Financial Holdings, Ltd. *	11,000		5,660
Citic Pacific, Ltd.	23,000		96,966
CITIC Resources Holdings, Ltd. *	38,000		13,933
CLP Holdings, Ltd.	25,611		211,926
CNOOC, Ltd.	314,000		461,781

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
CNPC Hong Kong, Ltd.	50,000	$	23,216
COFCO International, Ltd. *	22,000		12,482
Cosco Pacific, Ltd.	24,000		47,600
Denway Motors, Ltd.	98,000		41,898
Dongfang Electrical Machinery Company, Ltd.	4,000		16,359
Esprit Holdings, Ltd.	20,485		248,704
Fosun International *	29,500		20,123
Fu Ji Food & Catering Services Holdings, Ltd.	3,700		6,268
Giordano International, Ltd.	1,389		564
Global Bio-Chem Technology
Group Company, Ltd.	24,000		9,257
Gome Electrical Appliances Holdings, Ltd.	36,000		83,132
Guangzhou Investment Company, Ltd.	130,000		27,067
Hang Lung Group, Ltd.	8,000		38,237
Hang Lung Properties, Ltd.	40,674		146,050
Hang Seng Bank, Ltd.	15,281		278,210
Harbin Power Equipment Company, Ltd.	14,000		25,171
Henderson Investment, Ltd. *	10,000		1,216
Henderson Land Development Company, Ltd.	19,489		140,302
Hengan International Group Company, Ltd.,
GDR	16,000		55,163
Hong Kong & China Gas Company, Ltd.	69,298		209,665
Hong Kong Aircraft Engineerg	1,200		19,908
Hong Kong Electric Holdings, Ltd.	26,418		167,657
Hong Kong Exchange & Clearing, Ltd.	20,570		357,363
Hopewell Holdings, Ltd.	12,638		48,279
Hopson Development Holdings, Ltd., GDR	12,000		18,744
Hutchison Telecommunications
International, Ltd. *	28,277		40,366
Hutchison Whampoa, Ltd.	41,423		393,194
Hysan Development Company, Ltd.	11,990		33,789
Johnson Electronic Holdings, Ltd.	475		226
Kerry Properties, Ltd.	11,463		70,097
Kingboard Chemical Holdings, Ltd.	10,228		36,447
Lee & Man Paper Manufacturing, Ltd.	8,000		12,919
Li & Fung, Ltd.	42,829		159,595
Li Ning Company, Ltd.	14,000		39,762
Lifestyle International Holdings, Ltd.	12,500		26,501
Link, REIT	39,557		88,145
Melco International Development	14,000		19,375
MTR Corp., Ltd.	26,133		90,440
New World Development Company, Ltd.	47,161		116,007
Nine Dragons Paper Holdings, Ltd.	25,600		21,051
Noble Group, Ltd. (a)	22,000		35,495
NWS Holdings, Ltd.	7,000		23,793
Orient Overseas International, Ltd.	3,938		23,301
Pacific Basin Shipping, Ltd.	24,000		39,919
Parkson Retail Group, Ltd.	1,500		12,670
PCCW, Ltd.	66,652		41,744
Ping An Insurance Group Company of China,
Ltd.	29,000		207,566
Shanghai Industrial Holdings, Ltd.	12,000		45,673
Shangri-La Asia, Ltd.	19,953		54,402
Shenzhen Investment, Ltd.	32,889		14,098
Shimao Property Holdings, Ltd., GDR	30,500		55,483
Shougang Concord International Enterprises
Company, Ltd.	58,000		13,799

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

148

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
Shun Tak Holdings, Ltd.	18,000	$	23,951
Sino Land Company, Ltd.	24,638		53,871
Sinofert Holdings, Ltd.	46,000		43,732
Sun Hung Kai Properties, Ltd.	26,389		413,652
Swire Pacific, Ltd., Class A	15,837		179,484
Techtronic Industries Company, Ltd.	485		482
Television Broadcasting Company, Ltd.	3,819		20,953
Tencent Holdings, Ltd.	16,000		92,123
TPV Technology, Ltd.	24,000		14,285
Travelsky Technology, Ltd., Class H	12,000		8,960
Weiqiao Textile Company, Ltd.	7,000		9,064
Wharf Holdings, Ltd.	27,373		130,328
Wheelock and Company, Ltd.	8,000		22,280
Wing Hang Bank, Ltd.	3,064		46,842
Yue Yuen Industrial Holdings, Ltd.	8,933		28,168
			10,038,132
Hungary - 0.16%
Gedeon Richter Rt.	336		69,454
Magyar Telekom Rt.	11,267		55,412
MOL Magyar Olaj & Gazipari Rt.	1,444		188,628
OTP Bank Rt. (a)	6,386		263,463
			576,957
India - 1.30%
Bajaj Auto, Ltd., ADR (g)	977		16,365
Bajaj Finserv, Ltd. *	977		15,707
Bajaj Holdings and Investment, Ltd. *	977		15,707
Dr. Reddy's Laboratories, Ltd., ADR (a)	3,186		46,133
Grasim Industries, Ltd., ADR * (g)	1,051		70,417
ICICI Bank, Ltd., SADR (a)	15,187		579,992
Infosys Technologies, Ltd., ADR (a)	22,170		793,021
Larsen & Toubro, Ltd., ADR (g)	3,534		267,424
Ranbaxy Laboratories, Ltd., ADR	4,394		48,554
Reliance Capital, Ltd. * (g)	811		24,839
Reliance Communication, Ltd., ADR (g)	23,711		301,262
Reliance Energy, Ltd., ADR (g)	405		37,881
Reliance Industries, Ltd., GDR * (a)(g)	14,865		1,709,475
Reliance Natural Resources, Ltd., ADR * (g)	8,110		40,348
Satyam Computer Services, Ltd., ADR	13,362		301,848
State Bank of India, Ltd., ADR	709		62,746
Tata Communications, Ltd., ADR (a)	977		24,249
Tata Motors, Ltd., SADR	11,229		175,397
Wipro, Ltd., ADR (a)	7,013		80,860
			4,612,225
Indonesia - 0.35%
Aneka Tambang Tbk PT	71,375		26,237
Astra Agro Lestari Tbk PT	8,342		23,629
Astra International Tbk PT	43,017		114,204
Bank Central Asia Tbk PT	258,226		91,810
Bank Danamon Indonesia Tbk PT	36,741		27,753
Bank Internasional Indonesia Tbk PT	362,500		18,423
Bank Mandiri Tbk PT	151,122		52,161
Bank Pan Indonesia Tbk PT *	113,801		7,981
Bank Rakyat Indonesia Tbk PT	115,999		80,076
Bumi Resources Tbk PT	369,220		251,247
Energi Mega Persada Tbk PT *	83,500		10,321

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Indonesia (continued)
Gudang Garam Tbk PT	11,018	$	9,187
Indocement Tunggal Prakarsa Tbk PT	20,013		15,423
Indofood Sukses Makmur Tbk PT	90,595		23,088
Indosat Tbk PT, ADR	523		20,036
Indosat Tbk PT	26,000		20,087
International Nickel Indonesia Tbk PT	40,000		30,630
Kalbe Farma Tbk PT	108,929		11,660
Perusahaan Gas Negara Tbk PT	43,503		67,344
PT Telekomunikiasi Indonesia, ADR	2,899		121,584
Ramayana Lestari Sentosa Tbk PT	40,369		3,573
Semen Gresik Persero Tbk PT	30,860		16,908
Telekomunikasi Indonesia Tbk PT	98,000		103,377
Truba Alam Manunggal Engineering PT *	157,500		14,593
Unilever Indonesia Tbk PT	32,500		24,504
United Tractors Tbk PT	27,532		37,775
			1,223,611
Ireland - 0.57%
Allied Irish Banks PLC - London	1,771		37,594
Allied Irish Banks PLC	16,539		352,635
Anglo Irish Bank Corp. PLC	8,015		107,090
Bank of Ireland - London	1,444		21,441
Bank of Ireland	19,645		292,812
C&C Group PLC	201		1,254
CRH PLC - London	1,058		40,106
CRH PLC	10,392		394,348
DCC PLC	672		15,868
DCC PLC	321		7,584
Elan Corp. PLC *	2,114		44,174
Elan Corp. PLC *	7,649		162,893
Experian Group, Ltd.	20,151		146,885
Greencore Group PLC	3,206		18,929
Iaws Group PLC - London	935		22,049
Iaws Group PLC	597		13,974
Irish Life & Permanent PLC - London	1,145		22,104
Irish Life & Permanent PLC	4,627		90,268
Kerry Group PLC	2,393		75,114
Kerry Group PLC - London	479		14,995
Kingspan Group PLC - London	162		2,197
Kingspan Group PLC	2,426		32,371
Paddy Power PLC - London	292		10,606
Paddy Power PLC	357		13,217
Ryanair Holdings PLC, SADR *	1,362		38,517
Smurfit Kappa Group PLC *	2,490		30,019
			2,009,044
Israel - 0.42%
Africa-Israel Investments, Ltd.	259		13,830
Aladdin Knowledge Systems, ADR *	144		2,740
Alvarion, Ltd., ADR *	544		3,944
Audio Codes, Ltd., ADR *	632		2,534
Bank Hapoalim, Ltd.	18,726		72,752
Bank Leumi Le-Israel, Ltd.	16,788		72,309
Bezek Israeli Telecommunications Corp., Ltd.	21,603		40,631
Check Point Software Technologies, Ltd. *	3,525		78,960
Clal Insurance Enterprise Holdings, Ltd.	327		6,356
Delek Group, Ltd.	45		6,826

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

149

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Israel (continued)
Discount Investment Corp.	492	$	12,730
Elbit Systems, Ltd.	482		26,642
Gazit Globe, Ltd.	492		4,769
Given Imaging Corp., ADR *	117		1,975
Harel Insurance Investments, Ltd.	145		7,207
ICL Israel Chemicals, Ltd.	10,205		143,696
IDB Development Corp., Ltd.	339		10,547
Israel Corp., Ltd. *	48		45,319
Israel Discount Bank, Ltd. *	8,360		20,404
Koor Industries, Ltd.	166		9,201
Makhteshim-Agam Industries, Ltd.	5,876		43,096
Migdal Insurance Holdings, Ltd.	5,069		7,373
Nice Systems, Ltd. *	1,055		30,245
Oil Refineries, Ltd.	19,381		17,358
Ormat Industries *	1,616		20,140
Partner Communications, Ltd.	1,609		36,270
RADWARE, Ltd., ADR *	269		2,749
Retalix, Ltd. *	247		3,458
Strauss-Elite, Ltd. *	230		3,348
Syneron Medical, Ltd., ADR *	462		6,722
Teva Pharmaceutical Industries, Ltd.	15,186		705,376
United Mizrahi Bank, Ltd.	2,283		17,944
			1,477,451
Italy - 2.57%
A2A SpA	7,986		29,365
Alleanza Assicuraz SpA	8,001		104,605
Assicurazioni Generali SpA	20,457		920,736
Autogrill SpA	1,513		22,603
Autostrade SpA	4,974		150,554
Banca Carige SpA	2,609		10,277
Banca Intesa SpA - Non convertible	18,903		124,552
Banca Monte dei Paschi Siena SpA	20,290		89,924
Banca Popolare di Milano SpA	7,369		80,986
Banche Popolari Unite SpA	11,631		298,257
Banco Popolare Scarl *	12,925		214,303
Bulgari SpA	2,249		26,086
Enel SpA	83,950		891,513
Eni SpA	50,571		1,721,399
Fiat SpA	13,699		317,420
Finmeccanica SpA	5,653		192,484
Fondiaria-Sai SpA	1,154		47,841
IFIL - Investments SpA	2,295		18,530
Intesa Sanpaolo SpA	149,469		1,054,518
Italcementi SpA, RNC	672		9,752
Italcementi SpA	896		18,199
Lottomatica SpA	1,124		34,997
Luxottica Group SpA	2,452		61,724
Mediaset SpA	14,004		129,773
Mediobanca SpA (a)	9,167		188,187
Mediolanum SpA	3,435		21,059
Mondadori (Arnoldo) Editore SpA	29		245
Parmalat SpA	27,945		107,421
Pirelli & Company SpA *	46,476		40,709
Prysmian SpA *	2,128		45,458
Saipem SpA	2,310		93,646
Seat Pagine Gialle SpA	48,299		8,352

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Snam Rete Gas SpA	16,364	$	104,138
Telecom Italia SpA	207,306		432,136
Telecom Italia SpA-RNC	116,771		192,949
Terna SpA	21,134		90,247
UniCredito Italiano SpA	181,344		1,215,043
Unipol Gruppo Finanziario SpA, ADR	2,048		6,368
			9,116,356
Japan - 14.40%
Access Company, Ltd. * (a)	4		14,333
Acom Company, Ltd. (a)	1,333		35,533
Aderans Company, Ltd. (a)	717		13,278
Advantest Corp. (a)	3,020		79,232
AEON Company, Ltd. (a)	11,796		142,127
AEON Credit Service Company, Ltd. (a)	1,423		19,169
Aeon Mall Company, Ltd. (a)	1,500		42,112
Aiful Corp.	1,398		22,356
Aioi Insurance Company, Ltd. (a)	11,000		61,646
Aisin Seiki Company	3,821		144,104
Ajinomoto Company, Inc. (a)	13,695		139,499
Alfresa Holdings Corp.	576		45,707
All Nippon Airways Company, Ltd. (a)	13,285		58,704
Alps Electric Company, Ltd. (a)	3,662		36,665
Amada Company, Ltd.	7,171		54,900
Aoyama Trading Company, Ltd.	1,358		29,406
Aozora Bank, Ltd.	4,000		11,956
Asahi Breweries, Ltd.	7,699		158,980
Asahi Glass Company, Ltd.	18,809		208,688
Asahi Kasei Corp.	22,037		115,888
ASATSU-DK, Inc.	52		1,859
Asics Corp. (a)	3,000		34,852
Astellas Pharmaceuticals, Inc.	9,605		377,221
Autobacs Seven Company, Ltd.	447		12,314
Bank of Kyoto, Ltd. (a)	6,000		73,648
Benesse Corp.	1,146		54,080
Bridgestone Corp. (a)	12,547		216,492
Brother Industries, Ltd. (a)	1,800		18,705
Canon Sales Company, Inc. (a)	1,500		28,378
Canon, Inc.	21,626		1,008,710
Casio Computer Company, Ltd. (a)	4,267		63,374
Central Glass Company, Ltd. (a)	114		449
Central Japan Railway Company, Ltd.	31		322,086
Chiba Bank, Ltd.	15,104		103,378
Chiyoda Corp. (a)	3,000		27,441
Chubu Electric Power Company, Inc.	13,423		336,805
Chugai Pharmaceutical Company, Ltd. (a)	5,584		63,327
Chugoku Electric Power Company, Inc.	2,300		51,440
Circle K Sunkus Company, Ltd. (a)	88		1,505
Citizen Watch Company, Ltd. (a)	5,665		48,359
Coca-Cola West Japan Company, Ltd. (a)	1,323		32,082
COMSYS Holdings Corp.	2,057		17,982
Cosmo Oil Company, Ltd. (a)	8,000		25,351
Credit Saison Company, Ltd.	3,109		87,241
CSK Corp. (a)	1,310		30,512
Dai Nippon Printing Company, Ltd.	12,047		192,582
Daicel Chemical Industries, Ltd.	6,466		33,554
Daido Steel Company, Ltd. (a)	7,000		36,464

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

150

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Daihatsu Motor Company, Ltd. (a)	1,000	$	12,081
Daiichi Sankyo Company, Ltd.	14,028		416,160
Daikin Industries, Ltd. (a)	5,185		225,990
Dainippon Ink & Chemicals, Inc.	13,990		44,258
Dainippon Screen Manufacturing
Company, Ltd. (a)	762		3,223
Dainippon Sumitomo Pharma Company, Ltd.	5,000		46,187
Daito Trust Construction Company, Ltd. (a)	1,581		81,609
Daiwa House Industry Company, Ltd.	10,285		102,694
Daiwa Securities Group, Inc.	26,649		232,732
Denki Kagaku Kogyo Kabushiki Kaisha	9,523		30,292
Denso Corp.	9,778		318,768
Dentsu, Inc. (a)	39		89,556
Dowa Mining Company, Ltd.	5,466		32,921
E-Access, Ltd.	17		10,551
East Japan Railway Company	67		558,684
Ebara Corp. (a)	7,466		22,955
EDION Corp. (a)	1,300		12,024
Eisai Company, Ltd.	4,948		170,364
Electric Power Development Company, Ltd.	3,000		108,787
Elpida Memory, Inc. *	1,800		60,717
Familymart Company, Ltd.	1,240		44,974
Fanuc, Ltd.	3,821		366,564
Fast Retailing Company, Ltd. (a)	1,134		101,067
Fuji Electric Holdings Company, Ltd.	10,580		43,274
Fuji Heavy Industries, Ltd.	4,000		16,931
Fuji Photo Film Company, Ltd.	9,833		351,459
Fuji Software ABC, Inc. (a)	782		14,698
Fuji Television Network, Inc.	10		14,841
Fujikura, Ltd. (a)	6,523		29,670
Fujitsu, Ltd.	36,379		240,590
Fukuoka Financial Group, Inc.	16,000		83,905
Furukawa Electric Company, Ltd.	11,638		37,953
Glory, Ltd. (a)	200		4,276
Goodwill Group, Inc. * (a)	21		2,726
Gunma Bank	8,523		61,426
Gunze, Ltd. (a)	2,762		11,693
Hakuhodo DY Holdings, Inc. (a)	460		27,707
Hankyu Department Stores (a)	409		2,756
Hankyu Hanshin Holdings, Inc. (a)	21,600		94,027
Haseko Corp.	18,500		27,567
Hikari Tsushin, Inc. (a)	600		17,822
Hino Motors, Ltd. (a)	5,114		34,119
Hirose Electric Company, Ltd. (a)	617		69,794
Hitachi Cable, Ltd. (a)	3,409		12,838
Hitachi Chemical, Ltd.	1,816		34,506
Hitachi Construction Machinery Company, Ltd. (a)	2,257		57,236
Hitachi High-Technologies Corp.	1,100		18,380
Hitachi Metals, Ltd. (a)	1,000		14,892
Hitachi, Ltd.	65,882		393,366
Hokkaido Electric Power Company, Inc.	3,532		82,360
Hokuhoku Financial Group, Inc.	22,866		69,256
Hokuriku Electric Power Company (a)	1,300		30,763
Honda Motor Company, Ltd.	31,538		910,965
House Food Corp. (a)	299		4,460
Hoya Corp. (a)	8,008		189,212

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Ibiden Company, Ltd. (a)	2,500	$	99,155
Idemitsu Kosan Company, Ltd.	400		31,204
Inpex Holdings, Inc.	17		192,157
Isetan Company, Ltd.	4,138		47,710
Ishikawajima-Harima Heavy Industries
Company, Ltd. (a)	24,866		48,176
Isuzu Motors, Ltd. (a)	12,000		60,316
ITO EN, Ltd. (a)	1,094		19,481
Itochu Corp.	32,798		328,020
Itochu Techno-Science Corp. (a)	552		16,716
J Front Retailing Company, Ltd.	8,000		51,614
JAFCO Company, Ltd. * (a)	647		21,777
Japan Airlines System Corp. *	16,047		41,845
Japan Petroleum Exploration Company, Ltd.	600		40,067
Japan Prime Realty Investment Corp., REIT	12		39,886
Japan Real Estate Investment Corp., REIT	8		93,883
Japan Retail Fund Investment Corp., REIT (a)	8		50,898
Japan Tobacco, Inc. (a)	90		450,225
JFE Holdings, Inc.	12,238		547,415
JGC Corp. (a)	4,114		63,135
Joyo Bank, Ltd.	14,047		71,851
JS Group Corp. (a)	5,084		77,006
JSR Corp. (a)	3,667		83,483
Jupiter Telecommunications Company, Ltd. *	100		94,097
Kajima Corp.	17,809		51,150
Kamigumi Company, Ltd. (a)	4,466		35,696
Kaneka Corp.	5,171		32,687
Kansai Electric Power Company, Ltd.	15,522		388,356
Kansai Paint Company, Ltd. (a)	3,762		24,670
Kao Corp.	10,638		302,694
Kawasaki Heavy Industries, Ltd. (a)	30,037		67,489
Kawasaki Kisen Kaisha, Ltd.	10,933		107,316
KDDI Corp.	51		313,694
Keihin Electric Express Railway Company,
Ltd. (a)	8,933		60,985
Keio Electric Railway Company, Ltd.	12,285		68,856
Keisei Electric Railway Company, Ltd.	5,000		27,036
Keyence Corp.	652		151,711
Kikkoman Corp.	2,762		34,307
Kinden Corp.	1,409		13,534
Kintetsu Corp. (a)	33,208		118,941
Kirin Brewery Company, Ltd.	17,104		326,038
KK DaVinci Advisors *	20		15,527
Kobe Steel Company, Ltd.	53,483		154,196
Kokuyo Company, Ltd.	1,269		10,973
Komatsu, Ltd. (a)	18,070		508,777
Komori Corp. (a)	105		2,203
Konami Corp. (a)	1,857		70,758
Konica Minolta Holdings, Inc.	9,609		132,198
Koyo Seiko Company, Ltd.	4,157		68,651
Kubota Corp.	20,218		126,040
Kuraray Company, Ltd.	7,700		92,543
Kurita Water Industries, Ltd. (a)	2,181		81,408
Kyocera Corp. (a)	3,162		268,027
KYOWA HAKKO KOGYO COMPANY, LTD. (a)	3,862		37,065
Kyushu Electric Power Company, Inc.	7,469		183,267
Lawson, Inc. (a)	1,269		56,389

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

151

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
LeoPalace21 Corp. (a)	2,498	$	40,504
Mabuchi Motor Company, Ltd.	482		23,450
Makita Corp.	2,457		77,536
Marubeni Corp.	32,798		241,331
Marui Company, Ltd. (a)	6,236		66,794
Matsui Securities Company, Ltd. (a)	2,900		16,503
Matsumotokiyoshi Holdings Company, Ltd. (a)	652		14,161
Matsushita Electric Industrial Company, Ltd. (a)	39,607		860,937
Matsushita Electric Works, Ltd. (a)	7,819		81,170
Mazda Motor Corp. (a)	7,000		25,065
Mediceo Holdings Company, Ltd. (a)	2,910		53,097
Meiji Dairies Corp. (a)	4,114		24,918
Meiji Seika Kaisha, Ltd.	5,466		27,938
Meitec Corp.	117		3,561
Millea Holdings, Inc.	15,600		580,457
Minebea Company, Ltd.	7,523		44,490
Mitsubishi Chemical Holdings Corp., ADR	23,000		153,189
Mitsubishi Corp.	27,444		839,677
Mitsubishi Electric Corp.	39,027		340,813
Mitsubishi Estate Company, Ltd.	23,218		569,046
Mitsubishi Gas & Chemicals Company, Inc.	7,171		51,211
Mitsubishi Heavy Industries, Ltd. (a)	64,063		276,613
Mitsubishi Logistc Corp. (a)	2,057		26,648
Mitsubishi Materials Corp.	22,980		100,885
Mitsubishi Motors Corp. *	29,000		47,985
Mitsubishi Rayon Company, Ltd. (a)	9,990		32,249
Mitsubishi UFJ Financial Group, Inc.	175,000		1,530,869
Mitsubishi UFJ Lease & Finance
Company, Ltd.	650		22,733
Mitsui & Company, Ltd.	34,389		705,683
Mitsui Chemicals, Inc.	12,990		87,092
Mitsui Engineering & Shipbuilding
Company, Ltd. (a)	15,638		42,368
Mitsui Fudosan Company, Ltd.	16,752		336,996
Mitsui Mining & Smelting Company, Ltd.	9,990		31,707
Mitsui O.S.K. Lines, Ltd.	22,513		275,426
Mitsui Sumitomo Insurance Company, Ltd.	24,741		250,606
Mitsui Trust Holdings, Inc.	13,990		85,271
Mitsukoshi, Ltd.	7,171		27,963
Mitsumi Electric Company, Ltd. (a)	1,699		54,131
Mizuho Financial Group, Inc.	200		738,798
Mizuho Trust & Banking Company, Ltd.	6,000		8,682
Murata Manufacturing Company, Ltd. (a)	4,496		225,541
Namco Bandai Holdings, Inc.	4,067		55,359
NEC Corp.	40,617		157,285
NEC Electronics Corp. *	652		12,711
NGK INSULATORS, LTD. (a)	5,171		92,500
NGK Spark Plug Company, Ltd. (a)	3,762		49,236
NHK Spring Company, Ltd.	3,000		21,426
NICHIREI Corp.	466		2,256
Nidec Corp.	2,186		134,893
Nikon Corp. (a)	6,819		182,507
Nintendo Company, Ltd.	1,992		1,042,223
Nippon Building Fund, Inc., REIT	11		140,176
Nippon Electric Glass Company, Ltd. (a)	7,000		109,934
Nippon Express Company, Ltd. (a)	16,809		97,246
Nippon Kayaku Company, Ltd. (a)	2,409		14,740

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nippon Light Metal Company, Ltd. (a)	7,876	$	11,970
NIPPON MEAT PACKERS, Inc. (a)	3,762		55,844
Nippon Mining Holdings, Inc.	17,632		94,761
Nippon Oil Corp.	25,094		158,265
Nippon Paper Group, Inc. (a)	17		40,741
Nippon Sheet Glass Company, Ltd. (a)	13,171		59,109
Nippon Shokubai Company, Ltd. (a)	2,409		16,041
Nippon Steel Corp. (a)	121,536		621,391
Nippon Telegraph & Telephone Corp.	102		441,823
Nippon Yusen Kabushiki Kaisha	22,923		217,350
Nippon Zeon Company (a)	3,409		15,382
NIPPONKOA Insurance Company, Ltd. (a)	6,000		46,284
Nishimatsu Construction Company, Ltd.	4,114		8,837
Nishi-Nippon City Bank, Ltd.	12,000		31,776
Nissan Chemical Industries, Ltd.	2,762		29,429
Nissan Motor Company, Ltd. (a)	45,290		379,702
Nisshin Seifun Group, Inc.	3,114		33,540
Nisshin Steel Company (a)	16,047		56,077
Nisshinbo Industries, Inc.	3,409		32,013
Nissin Food Products Company, Ltd.	1,716		57,910
Nitori Company, Ltd. (a)	768		43,625
Nitto Denko Corp.	3,332		141,674
NOK Corp.	2,492		51,325
Nomura Holdings, Inc.	36,207		545,082
Nomura Real Estate Holdings, Inc.	1,300		21,834
Nomura Real Estate Office Fund, Inc.	5		40,731
Nomura Research Institute, Ltd. (a)	2,411		63,450
NSK, Ltd. (a)	8,285		63,048
NTN Corp. (a)	8,228		56,629
NTT Data Corp. (a)	26		114,474
NTT DoCoMo, Inc.	322		490,959
NTT Urban Development Corp. (a)	20		29,015
Obayashi Corp. (a)	11,638		49,293
OBIC Company, Ltd. (a)	120		21,408
Odakyu Electric Railway Company, Ltd. (a)	11,695		87,062
Oji Paper Company, Ltd. (a)	17,809		80,850
Oki Electric Industry Company, Ltd. * (a)	9,638		18,730
Okuma Holdings, Inc. (a)	3,000		32,533
Okumura Corp.	114		581
Olympus Optical Company, Ltd. (a)	4,466		135,891
Omron Corp. (a)	4,161		86,223
Ono Pharmaceutical Company, Ltd.	1,200		58,618
Onward Kashiyama Company, Ltd. (a)	2,409		24,712
Oracle Corp. - Japan (a)	852		39,641
Oriental Land Company, Ltd. (a)	893		52,533
Orix Corp.	1,866		257,352
Osaka Gas Company, Ltd.	42,845		172,101
OSG Corp. (a)	1,500		17,480
Otsuka Corp. (a)	300		25,451
Pioneer Electronic Corp. (a)	3,221		32,345
Promise Company, Ltd.	1,619		46,826
Q.P. Corp.	87		903
Rakuten, Inc.	124		74,673
Resona Holdings, Inc. (a)	113		189,579
Ricoh Company, Ltd.	13,399		221,683
Rinnai Corp. (a)	52		1,711

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

152

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Rohm Company, Ltd. (a)	2,027	$	126,690
Round One Corp.	6		6,283
Ryohin Keikaku Company, Ltd. (a)	411		23,978
Sanken Electric Company, Ltd.	2,057		12,108
SANKYO Company, Ltd.	993		59,255
Santen Pharmaceutical Company, Ltd. (a)	1,300		30,327
Sanwa Shutter Corp.	762		3,334
Sanyo Electric Company, Ltd. * (a)	29,151		62,074
Sapporo Hokuyo Holdings, Inc.	6		42,217
Sapporo Holdings (a)	5,466		45,110
SBI E*Trade Securities Compnay, Ltd.	27		23,606
SBI Holdings, Inc. (a)	176		42,588
Secom Company, Ltd. (a)	4,190		206,169
SEGA SAMMY HOLDINGS, INC.	4,292		45,735
Seiko Epson Corp. (a)	2,622		70,658
Seino Transportation Company, Ltd. (a)	2,409		15,759
Sekisui Chemical Company, Ltd. (a)	7,228		43,982
Sekisui House, Ltd. (a)	9,638		90,040
Seven & I Holdings Company, Ltd. (a)	16,881		428,431
Sharp Corp.	20,218		347,020
Shikoku Electric Power Company, Inc. (a)	1,500		44,724
Shimachu Company, Ltd.	123		3,717
Shimamura Company, Ltd. (a)	376		32,336
Shimano, Inc. (a)	1,369		63,642
Shimizu Corp. (a)	10,695		49,585
Shin-Etsu Chemical Company, Ltd.	8,411		437,967
Shinko Electric Industries Company, Ltd.	1,200		13,645
Shinko Securities Company, Ltd. *	11,000		32,294
Shinsei Bank, Ltd. (a)	27,094		89,481
Shionogi & Company, Ltd. (a)	5,523		94,983
Shiseido Company, Ltd.	6,523		173,673
Shizuoka Bank, Ltd. (a)	11,342		134,774
Showa Denko K.K. (a)	23,161		78,208
Showa Shell Sekiyu K.K.	3,555		36,222
SMC Corp.	1,164		123,659
SOFTBANK Corp. * (a)	15,388		282,000
Sojitz Holdings Corp.	19,891		66,577
Sompo Japan Insurance, Inc.	17,104		152,496
Sony Corp. (a)	20,342		818,188
Sony Financial Holdings, Inc. (a)	19		77,116
Square Enix Company, Ltd. (a)	700		24,562
Stanley Electric Corp. (a)	2,908		71,619
Sumco Corp.	2,300		50,723
Sumitomo Bakelite Company, Ltd. (a)	762		3,876
Sumitomo Chemical Company, Ltd.	31,446		202,979
Sumitomo Corp.	21,366		284,784
Sumitomo Electric Industries, Ltd.	15,199		194,293
Sumitomo Heavy Industries, Ltd.	11,990		78,207
Sumitomo Metal Industries, Ltd.	81,577		312,546
Sumitomo Metal Mining Company, Ltd.	11,285		213,039
Sumitomo Mitsui Financial Group, Inc.	133		883,494
Sumitomo Osaka Cement Company, Ltd.	6,523		15,270
Sumitomo Realty &
Development Company, Ltd. (a)	7,876		140,316
Sumitomo Rubber Industries, Inc.	3,100		23,870
Sumitomo Titanium Corp.	300		18,727

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Sumitomo Trust & Banking Company, Ltd. (a)	25,446	$	176,348
Suruga Bank, Ltd. (a)	4,114		52,356
Suzuken Company, Ltd.	1,123		46,340
Suzuki Motor Corp. (a)	3,200		81,394
T&D Holdings, Inc. (a)	3,891		206,352
TAIHEIYO CEMENT CORP. (a)	18,809		45,815
Taisei Corp. (a)	20,866		53,633
Taisho Pharmaceuticals Company, Ltd.	2,762		54,964
Taiyo Nippon Sanso Corp. (a)	5,819		47,114
Taiyo Yuden Company, Ltd. (a)	2,057		20,241
Takara Holdings, Inc.	409		2,834
Takashimaya Company, Ltd. (a)	5,819		65,897
Takeda Pharmaceutical Company, Ltd.	17,049		855,895
Takefuji Corp. (a)	2,056		43,566
Tanabe Seiyaku Company, Ltd. (a)	4,000		46,589
TDK Corp.	2,868		170,749
Teijin, Ltd.	18,104		76,756
Terumo Corp.	3,403		179,118
The 77th Bank, Ltd.	6,523		36,794
The Bank of Yokohama, Ltd. (a)	23,684		162,064
The Hachijuni Bank, Ltd.	9,000		57,664
The Hiroshima Bank, Ltd. (a)	9,000		43,798
The Japan Steel Works, Ltd. (a)	7,000		120,498
The Tokyo Electric Power Company, Ltd.	25,467		685,054
THK Company, Ltd. (a)	2,781		48,271
TIS, Inc. (a)	817		16,477
Tobu Railway Company, Ltd. (a)	16,752		89,896
Toda Corp.	762		3,163
Toho Company, Ltd. (a)	1,933		45,390
Toho Titanium Company, Ltd. (a)	500		12,900
Tohoku Electric Power Company, Inc.	8,480		207,567
Tokai Rika Company, Ltd.	1,100		28,900
Tokuyama Corp. (a)	4,000		29,376
Tokyo Broadcasting Company, Ltd.	852		20,562
Tokyo Electron, Ltd.	3,432		210,347
Tokyo Gas Company, Ltd.	42,835		174,585
Tokyo Seimitsu Company, Ltd.	600		11,099
Tokyo Steel Manufacturing Company, Ltd. (a)	1,800		24,730
Tokyo Tatemono Company, Ltd. (a)	6,000		39,883
Tokyu Corp.	21,866		111,547
Tokyu Land Corp. (a)	9,171		58,406
TonenGeneral Sekiyu K.K. (a)	6,171		53,040
Toppan Printing Company, Ltd. (a)	10,990		128,520
Toray Industries, Inc. (a)	26,389		172,963
Toshiba Corp. (a)	65,711		441,625
Tosoh Corp.	9,228		32,068
Toto, Ltd. (a)	5,171		49,214
Toyo Seikan Kaisha, Ltd. (a)	3,209		61,433
Toyo Suisan Kaisha, Ltd. (a)	1,705		25,623
Toyobo Company, Ltd.	933		1,961
Toyoda Gosei Company, Ltd.	1,134		43,144
Toyota Boshoku Corp. (a)	1,500		45,311
Toyota Industries Corp.	3,590		128,567
Toyota Motor Corp.	54,347		2,746,035
Toyota Tsusho Corp.	4,400		94,499
Trend Micro, Inc. (a)	2,233		88,123

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

153

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Ube Industries, Ltd. (a)	21,037	$	68,701
UNI Charm Corp. (a)	858		62,986
UNY Company, Ltd.	3,762		36,110
Urban Corp. (a)	2,700		11,683
Ushio, Inc.	1,957		37,062
USS Company, Ltd.	393		27,384
Wacoal Corp. (a)	3,057		45,405
West Japan Railway Company, Ltd.	34		150,560
Yahoo Japan Corp. (a)	303		159,242
Yakult Honsha Company, Ltd. (a)	1,957		60,956
Yamada Denki Company, Ltd. (a)	1,726		150,485
Yamaha Corp.	3,426		66,163
Yamaha Motor Company, Ltd. (a)	3,591		66,739
Yamato Kogyo Company, Ltd.	600		24,449
Yamato Transport Company, Ltd.	7,580		111,392
Yamazaki Baking Company, Ltd. (a)	1,409		13,442
YASKAWA Electric Corp. (a)	5,000		47,880
Yokogawa Electric Corp.	3,814		38,745
			51,096,653
Luxembourg - 0.54%
ArcelorMittal	18,271		1,494,371
Millicom International Cellular SA, ADR *	624		59,592
SES, ADR	2,639		55,770
Tenaris SA, ADR (a)	6,160		307,076
			1,916,809
Malaysia - 0.44%
AirAsia BHD *	13,200		5,677
AMMB Holdings BHD	29,362		31,732
Berjaya Sports Toto BHD	15,600		25,210
British American Tobacco Malaysia BHD	2,400		31,929
Bursa Malaysia BHD	6,000		17,083
Commerce Asset Holdings	48,100		150,530
Digi.Com BHD *	2,800		21,415
DRB-Hicom BHD	9,800		3,913
Gamuda BHD	28,800		29,847
Genting BHD	35,100		72,349
Guinness Anchor BHD	2,200		3,754
Hong Leong Bank BHD	9,200		16,740
Hong Leong Credit BHD	3,400		4,738
IGB Corp. BHD	15,700		7,762
IJM Corp. BHD	11,300		21,628
IOI Corp. BHD	62,350		139,053
IOI Properties BHD	700		2,615
KLCC Property Holdings BHD	6,800		6,239
KNM Group BHD	10,600		17,637
Kuala Lumpur Kepong BHD	8,100		41,234
Lafarge Malayan Cement BHD	5,670		7,545
Magnum Corp. BHD	16,800		17,727
Malayan Bank BHD	46,250		122,719
Malaysian Airline System BHD *	5,600		6,230
Malaysian Bulk Carriers BHD	2,525		3,396
Malaysian Pacific Industries BHD	1,400		3,846
Malaysian Plantations BHD	12,700		10,675
Malaysian Resources Corp. BHD *	7,600		3,261
Media Prima BHD	6,100		4,330

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia (continued)
MISC BHD	21,200	$	61,075
MMC Corp. BHD	13,000		13,084
Mulpha International BHD *	12,300		3,512
Multi-Purpose Holdings BHD	4,700		2,751
Petronas Dagangan BHD	4,000		10,037
Petronas Gas BHD	9,300		29,167
PLUS Expressways BHD	28,700		28,818
POS Malaysia & Services Holdings BHD	6,100		3,598
PPB Group BHD	9,200		29,492
Proton Holdings BHD *	5,900		7,145
Public Bank BHD	20,000		68,400
Resorts World BHD	52,100		56,308
RHB Capital BHD	5,900		8,860
Scomi Group BHD	11,400		3,554
Shell Refining Company Federation
of Malaya BHD	1,100		3,757
Sime Darby BHD *	53,546		156,528
SP Setia BHD	14,100		16,486
Star Publications Malaysia BHD	3,800		4,071
TA Enterprise BHD	12,800		4,710
Tanjong PLC	4,300		22,670
Telekom Malaysia, BHD	19,600		65,245
Tenaga Nasional BHD	24,600		56,775
UEM World BHD	13,200		13,469
UMW Holdings BHD	9,800		18,573
YTL Corp. BHD	15,900		36,892
YTL Power International BHD	18,844		14,353
			1,570,144
Mexico - 1.00%
Alfa SA de CV	6,702		44,836
America Movil SA de CV (a)	381,319		1,214,603
Axtel SAB de CV, ADR *	11,700		25,175
Banco Compartamos SA de CV, ADR * (a)	4,600		20,422
Carso Global Telecom SAB de CV *	7,000		36,872
Carso Infraestructura y Construccion SA de
CV *	11,400		11,343
Cemex SA de CV *	144,143		379,226
Coca-Cola Femsa SA de CV	5,853		33,327
Consorcio ARA SA de CV (a)	16,060		16,358
Controladora Comercial Mexicana SA de CV	6,929		19,532
Corp. GEO SA de CV, Series B *	9,052		28,918
Desarrolladora Homex SA de CV *	2,800		27,230
Empresas ICA Sociedad
Controladora SA de CV *	6,900		41,013
Fomento Economico Mexicano SA de CV	44,355		184,959
Grupo Aeroportuario del Pacifico SA de CV,
B Shares	9,100		41,162
Grupo Aeroportuario del Sureste SA de CV	2,092		11,991
Grupo Bimbo SA de CV	6,258		37,632
Grupo Carso SA de CV	11,588		48,997
Grupo Elektra SA de CV *	1,400		38,608
Grupo Financiero Banorte SA de CV	27,375		118,577
Grupo Mexico SA	25,905		171,966
Grupo Modelo SA (a)	10,217		44,736
Grupo Televisa SA	48,683		235,576
Industrias Penoles SA de CV	1,898		56,890

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

154

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Mexico (continued)
Kimberly-Clark de Mexico SA de CV (a)	10,200	$	45,246
Telefonos de Mexico SA de CV	154,966		292,670
TV Azteca SA de CV * (a)	24,147		13,931
Urbi Desarrollos Urbanos SA de CV *	6,300		20,718
Wal-Mart de Mexico SA de CV, Series V (a)	64,246		273,760
			3,536,274
Netherlands - 1.96%
Aegon NV	27,732		406,952
Akzo Nobel NV	5,306		425,730
ASML Holding NV *	7,862		193,848
Corio NV	751		65,691
DSM NV	2,818		135,886
Fugro NV - CVA	979		76,088
Heineken Holding NV	882		44,375
Heineken NV	4,751		275,935
ING Groep NV	36,956		1,381,613
Koninklijke (Royal) KPN NV	37,659		635,743
Koninklijke (Royal) Philips Electronics NV	22,389		857,045
Koninklijke Ahold NV *	24,509		363,828
Oce NV	326		5,543
Randstad Holdings NV	737		34,513
Reed Elsevier NV	12,003		229,501
SBM Offshore NV	2,731		88,100
TNT Post Group NV	7,795		289,157
TomTom NV *	994		41,104
Unilever NV	33,696		1,134,323
Vedior NV	3,354		97,609
Wereldhave NV	186		22,923
Wolters Kluwer NV	5,436		144,151
			6,949,658
New Zealand - 0.09%
Auckland International Airport, Ltd.	18,756		33,693
Contact Energy, Ltd.	5,539		34,759
Fisher & Paykel Appliances Holdings, Ltd. (a)	5,069		9,384
Fisher & Paykel Healthcare Corp.	9,802		22,622
Fletcher Building, Ltd.	9,400		62,006
Kiwi Income Property Trust	14,946		14,225
Sky City Entertainment Group, Ltd.	8,831		25,641
Sky Network Television, Ltd.	3,742		14,120
Telecom Corp. of New Zealand, Ltd.	37,074		109,369
Vector, Ltd. (a)	4,817		6,519
			332,338
Norway - 0.73%
Acergy SA	3,939		84,706
Aker Kvaerner ASA *	3,351		76,757
Den Norske Bank ASA	15,199		232,038
Det Norske Oljeselskapb ASA *	7,500		13,481
Lighthouse Caledonia ASA *	452		372
Norsk Hydro ASA	14,691		215,221
Ocean Rig ASA *	1,625		12,502
Orkla ASA	16,961		215,797
Pan Fish ASA *	53,200		31,295
Petroleum Geo-Services ASA *	3,465		86,023
ProSafe ASA *	3,700		58,299
Renewable Energy Corp. ASA *	3,597		101,308

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Norway (continued)
Schibsted ASA	429	$	12,878
Statoil ASA	26,208		786,265
Stolt-Nielsen SA	400		8,366
Storebrand ASA	8,141		64,530
Tandberg ASA	1,036		15,626
Telenor ASA	17,209		331,408
TGS Nopec Geophysical Company ASA *	1,000		14,568
Tomra Systems ASA	1,467		11,140
Yara International ASA	3,691		214,659
			2,587,239
Peru - 0.13%
Cia de Minas Buenaventura SA	1,973		135,136
Credicorp SA	1,069		76,444
Credicorp, Ltd., ADR	76		5,452
Minsur SA *	8,301		27,650
Southern Peru Copper Corp.	1,951		200,953
Volcan Compania Minera SA, CMN Series B	9,513		28,259
			473,894
Philippines - 0.10%
Ayala Corp.	2,808		26,608
Ayala Land, Inc.	117,600		30,308
Banco De Oro	8,500		10,618
Bank of the Philippine Islands	24,560		31,274
Filinvest Land, Inc. *	112,500		2,808
First Philippine Holdings Corp.	5,200		5,116
Globe Telecommunications, Inc.	600		21,690
International Container Terminal Services, Inc.	19,722		14,907
Jollibee Foods Corp.	8,000		9,171
Manila Electric Company *	4,840		9,290
Megaworld Corp.	189,000		11,172
Metropolitan Bank & Trust Company	12,400		11,929
Petron Corp.	25,000		3,419
Philippine Long Distance Telephone Company	1,250		83,584
PNOC Energy Development Corp.	125,199		17,711
San Miguel Corp.	5,600		6,450
SM Investments Corp.	3,138		21,065
SM Prime Holdings, Ltd.	98,916		20,198
			337,318
Poland - 0.35%
Agora SA	895		17,097
Bank BPH SA	184		7,475
Bank Millennium SA	6,188		23,185
Bank Pekao SA	2,210		197,261
Bank Zachodni WBK SA	469		39,077
Bioton SA *	22,883		8,401
Boryszew SA *	430		1,572
BRE Bank SA *	190		31,047
Cersanit-Krasnystaw SA *	1,513		17,934
Computerland SA	64		952
Debica SA	142		6,488
Echo Investment SA *	4,850		14,554
Getin Holding SA *	3,666		20,617
Globe Trade Centre SA *	2,583		43,903
Grupa Kety SA	91		4,941
Grupa Lotos SA	517		8,172

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

155

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Poland (continued)
KGHM Polska Miedz SA	2,559	$	118,258
Orbis SA	558		14,608
PBG SA *	188		27,166
Polimex Mostostal SA	9,197		33,330
Polish Oil & Gas Company	25,256		55,778
Polska Grupa Farmaceutyczna SA	156		5,130
Polski Koncern Naftowy Orlen SA *	6,838		122,223
Powszechna Kasa Oszczednosci Bank
Polski SA	10,649		216,369
Prokom Software SA	110		6,328
Softbank SA	605		19,823
Telekomunikacja Polska SA	14,928		148,766
TVN SA	3,361		34,733
			1,245,188
Portugal - 0.28%
Banco BPI, SA	5,964		31,539
Banco Comercial dos Acores, SA	47,481		154,679
Banco Espirito Santo SA	4,938		85,900
Brisa Auto Estrada, SA	6,589		94,314
Cimpor-Cimentos De Portugal, SA	4,621		41,909
Electricidade de Portugal SA	44,049		267,413
Jeronimo Martins, SGPS SA	3,740		30,079
Portugal Telecom, SGPS, SA	17,314		201,223
PT Multimedia.com, SGPS, SA	5,175		61,364
Sonae Capital *	1,967		4,285
Sonae Industria, SGPS SA *	1,232		8,561
Sonae, SGPS, SA	15,740		28,978
			1,010,244
Russia - 1.85%
AFK Sistema, Reg. S, Spons. GDR	2,267		72,804
JSC MMC Norilsk Nickel, ADR	17,370		488,965
Lukoil Oil Company, ADR	10,185		873,873
Mechel Steel Group, ADR	783		89,098
Mobile Telesystems, SADR	4,139		313,943
NovaTek OAO, ADR	1,671		134,796
Novolipetsk Steel, ADR	1,822		78,255
OAO Gazprom, SADR	50,741		2,587,791
Polyus Gold Company ZAO, SADR (a)	1,627		87,044
RAO Unified Energy System, SADR (a)	2,454		254,971
Rostelecom, ADR (a)	1,268		91,296
Sberbank, ADR	1,600		500,800
Sberbank	209		71,639
Severstal, ADR	4,250		96,050
Sibirtelecom, ADR	359		28,002
Surgutneftegaz, ADR *	3,062		145,966
Tatneft, ADR	1,397		181,610
UralsvyAzinform, ADR	1,226		12,873
VolgaTelecom, ADR	636		6,424
VTB Bank OJSC, GDR *	18,195		131,470
Vympel Communicatii, SADR	9,590		286,645
Wimm-Bill-Dann Foods OJSC, ADR	426		43,656
			6,577,971
Singapore - 0.85%
Allgreen Properties, Ltd.	15,369		13,853
Ascendas, REIT *	21,469		37,649

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Singapore (continued)
Capitacommercial *	21,000	$	34,195
Capitaland, Ltd. *	32,275		150,841
CapitaMall Trust *	20,658		52,279
Chartered Semiconductor Manufacturing, Ltd. *	570		302
City Developments, Ltd.	10,285		83,087
ComfortDelGro Corp., Ltd.	37,731		50,261
Cosco Corp. Singapore, Ltd.	16,000		43,439
DBS Group Holdings, Ltd.	23,684		311,879
Fraser and Neave, Ltd.	16,900		60,180
Genting International PLC * (a)	48,000		21,005
Haw Par Corp., Ltd.	1,877		9,444
Jardine Cycle and Carriage, Ltd.	2,557		36,607
Keppel Corp., Ltd.	22,980		167,285
Keppel Land, Ltd. (a)	7,876		32,050
Neptune Orient Lines, Ltd.	8,638		20,612
Olam International, Ltd. (a)	13,000		20,561
Oversea-Chinese Banking Corp., Ltd.	51,752		306,706
Parkway Holdings, Ltd. (a)	12,229		28,741
SembCorp Industries, Ltd.	18,604		55,465
SembCorp Marine, Ltd.	17,293		48,551
Singapore Airlines, Ltd.	11,260		128,117
Singapore Exchange, Ltd.	16,399		90,634
Singapore Land, Ltd.	2,409		11,989
Singapore Petroleum Company, Ltd.	4,000		19,787
Singapore Post, Ltd.	31,151		26,140
Singapore Press Holdings, Ltd. (a)	31,441		105,533
Singapore Technologies Engineering, Ltd.	27,798		68,761
Singapore Telecommunications, Ltd.	165,410		473,472
SMRT Corp., Ltd. (a)	14,990		19,906
Suntec Real Estate Investment Trust *	809		857
United Overseas Bank, Ltd.	25,037		350,338
United Overseas Land, Ltd.	10,531		29,727
Venture Corp., Ltd.	4,466		34,480
Wilmar International, Ltd. *	8,000		24,545
Wing Tai Holdings, Ltd. (a)	9,228		14,796
Yanlord Land Group, Ltd. (a)	9,000		14,014
			2,998,088
South Africa - 1.18%
ABSA Group, Ltd. (a)	3,024		37,898
African Bank Investments, Ltd.	12,141		39,905
African Rainbow Minerals, Ltd.	2,286		63,370
Allan Gray Property Trust (a)	8,797		6,568
Anglo Platinum, Ltd.	1,464		214,854
AngloGold Ashanti, Ltd.	4,502		151,624
Aspen Pharmacare Holdings, Ltd. *	3,929		15,508
Aveng, Ltd.	7,164		51,259
AVI, Ltd.	2,802		5,470
Barloworld, Ltd.	4,271		56,860
Bidvest Group, Ltd. *	5,328		73,656
FirstRand, Ltd.	58,511		115,603
Foschini, Ltd.	3,862		18,324
Freeworld Coatings, Ltd. *	4,271		4,634
Gold Fields, Ltd.	12,849		179,518
Grindrod, Ltd.	2,953		8,036
Harmony Gold Mining Company, Ltd. *	7,164		85,434
Hulamin, Ltd.	73		216

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

156

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Impala Platinum Holdings, Ltd.	10,936	$	422,813
Imperial Holdings, Ltd. *	3,712		36,364
Investec, Ltd.	3,548		25,219
JD Group, Ltd.	3,458		15,620
Kumba Iron Ore, Ltd.	1,637		62,543
Kumba Resources, Ltd.	2,419		32,939
Lewis Group, Ltd. (a)	1,660		8,579
Liberty Group, Ltd. * (a)	2,285		20,712
Massmart Holdings, Ltd.	4,162		34,437
Metropolitan Holdings, Ltd.	4,942		8,169
Mittal Steel South Africa, Ltd.	4,327		105,001
MTN Group, Ltd.	30,408		462,245
Murray & Roberts Holdings, Ltd.	5,984		70,584
Nampak, Ltd. *	4,890		9,902
Naspers, Ltd.	7,253		126,591
Nedbank Group, Ltd.	4,305		62,105
Network Healthcare Holdings, Ltd. *	23,875		25,203
Pick'n Pay Stores, Ltd.	4,044		14,228
Pretoria Portland Cement Company, Ltd.	11,048		54,576
Remgro, Ltd.	4,660		112,728
Reunert, Ltd.	3,548		24,742
RMB Holdings, Ltd.	6,984		21,121
Sanlam, Ltd.	46,616		109,911
Sappi, Ltd.	4,055		46,260
Sasol, Ltd.	12,180		586,598
Shoprite Holdings, Ltd. (a)	9,221		43,157
Spar Group, Ltd.	1,559		9,344
Standard Bank Group, Ltd.	22,373		243,619
Steinhoff International Holdings, Ltd. *	20,743		46,315
Super Group, Ltd.	5,037		4,530
Telkom SA, Ltd.	6,099		98,761
Tiger Brands, Ltd.	3,408		56,205
Truworths International, Ltd. (a)	9,550		30,067
Woolworths Holdings, Ltd.	15,999		23,935
			4,183,860
South Korea - 2.59%
Amorepacific Corp.	60		32,504
Asiana Airlines (a)	566		3,835
Cheil Communications, Inc.	30		7,237
Cheil Industries, Inc. (a)	840		40,943
CJ CheilJedang Corp. *	195		43,490
Daegu Bank	2,740		36,928
Daelim Industrial Company	580		74,588
Daewoo Engineering & Construction
Company, Ltd.	2,851		62,387
Daewoo International Corp. (a)	1,020		36,951
Daewoo Securities Company, Ltd. * (a)	2,380		52,830
Daewoo Shipbuilding & Marine Engineering
Company, Ltd.	2,010		77,195
Daishin Securities Company, Ltd. * (a)	320		7,347
Daum Communications Corp. * (a)	71		5,329
DC Chemical Company, Ltd.	270		103,363
Dongbu Insurance Company, Ltd. *	800		30,884
Dongkuk Steel Mill Company, Ltd.	760		29,838
Doosan Corp. * (a)	160		31,037

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Doosan Heavy Industries and Construction
Company, Ltd. (a)	670	$	90,396
Doosan Infracore Company, Ltd. (a)	1,610		53,938
GS Engineering & Construction Corp.	750		110,679
GS Holdings Corp.	430		16,794
Hana Financial Group, Inc.	2,370		97,139
Hanjin Heavy Industries & Construction
Company, Ltd. (a)	657		41,675
Hanjin Heavy Industries & Construction
Holdings Company, Ltd. *	243		8,584
Hanjin Shipping Company, Ltd.	1,060		41,880
Hankook Tire Company, Ltd.	2,050		32,614
Hanmi Pharm Company, Ltd.	48		7,554
Hanwha Chem Corp. (a)	1,100		18,684
Hanwha Corp.	970		51,399
Hite Brewery Company, Ltd.	230		25,969
Honam Petrochemical Corp.	270		22,091
Hynix Semiconductor, Inc. * (a)	1,750		49,347
Hyosung Corp.	460		31,245
Hyundai Autonet Company, Ltd.	600		3,443
Hyundai Department Store Company, Ltd.	320		30,881
Hyundai Development Company	1,320		90,759
Hyundai Engineering & Construction
Company, Ltd. (a)	930		81,041
Hyundai Heavy Industries (a)	870		327,354
Hyundai Marine & Fire
Insurance Company, Ltd. *	600		12,720
Hyundai Merchant Marine Company, Ltd. (a)	740		33,732
Hyundai Mipo Dockyard	230		51,833
Hyundai Mobis	1,140		89,178
Hyundai Motor Company, Ltd. (a)	3,190		254,750
Hyundai Securities Company, Ltd. * (a)	2,994		46,909
Hyundai Steel Company	1,080		75,928
Industrial Bank of Korea	1,470		21,783
Kangwon Land, Inc.	2,000		41,283
KCC Corp.	100		46,383
Kia Motors Corp. * (a)	3,770		43,539
Kookmin Bank, SADR	554		31,052
Kookmin Bank	6,380		358,093
Korea Electric Power Corp., ADR	744		11,190
Korea Electric Power Corp. (a)	4,950		149,967
Korea Exchange Bank	5,560		74,325
Korea Gas Corp.	430		31,943
Korea Investment Holdings Company, Ltd. *	860		40,574
Korea Line Corp.	180		34,035
Korea Zinc Company, Ltd.	260		31,565
Korean Air Lines Company, Ltd. (a)	717		38,809
Korean Reinsurance Company, Ltd. *	1,254		12,789
KT Corp., SADR	266		6,317
KT Corp. (a)	2,650		125,982
KT Freetel Company, Ltd. * (a)	1,520		44,514
KT&G Corp.	2,240		175,933
Kumho Industrial Company, Ltd.	700		32,376
LG Chem, Ltd.	1,109		83,177
LG Corp.	840		63,457
LG Dacom Corp. (a)	700		13,262
LG Electronics, Inc. (a)	1,910		245,469

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

157

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
LG Fashion Corp., Ltd.	382	$	9,808
LG Household & Health Care, Ltd.	240		41,457
LG International Corp.	507		10,196
LG Philips LCD Company, Ltd., ADR	57		1,273
LG Philips LCD Company, Ltd. (a)	2,200		98,236
LG Telecom, Ltd.	2,476		19,578
Lotte Chilsung Beverage Company, Ltd.	10		9,389
Lotte Confectionery Company, Ltd.	20		25,620
Lotte Shopping Company, Ltd.	180		54,764
LS Cable, Ltd.	370		33,664
Mirae Asset Securities Company, Ltd. * (a)	440		62,121
NCSoft Corp. (a)	240		11,171
NHN Corp. *	804		188,801
Nong Shim Company, Ltd.	50		9,127
Orion Corp.	60		10,320
Pacific Corp.	40		4,863
Poongsan Corp. (a)	460		8,054
POSCO, SADR	320		38,074
POSCO	1,430		684,538
Pusan Bank	2,410		30,248
S1 Corp.	320		16,639
Samsung Card Company, Ltd.	660		31,281
Samsung Corp.	2,720		191,277
Samsung Electro-Mechanics Company, Ltd. (a)	1,260		68,981
Samsung Electronics Company, Ltd.	2,260		1,429,116
Samsung Engineering Company, Ltd.	630		58,726
Samsung Fine Chemicals Company, Ltd.	370		20,216
Samsung Fire & Marine
Insurance Company, Ltd. *	740		153,415
Samsung Heavy Industries Company, Ltd.	3,520		112,976
Samsung SDI Company, Ltd. *	680		53,584
Samsung Securities Company, Ltd. * (a)	1,050		77,498
Samsung Techwin Company, Ltd.	1,140		62,339
Shinhan Financial Group Company, Ltd.,
SADR *	175		18,475
Shinhan Financial Group Company, Ltd.	6,960		367,689
Shinsegae Company, Ltd. (a)	290		183,153
SK Corp.	762		109,925
SK Energy Company, Ltd.	1,017		105,284
SK Networks Company, Ltd. *	2,070		42,862
SK Telecom Company, Ltd., ADR	657		14,198
SK Telecom Company, Ltd. (a)	720		136,292
S-Oil Corp.	880		56,133
STX Engine Company, Ltd.	260		12,230
STX Pan Ocean Co Ltd *	25,400		55,656
STX Shipbuilding Company, Ltd.	910		34,039
Taihan Electric Wire Company, Ltd. (a)	400		21,648
Tong Yang Investment Bank *	1,987		32,947
Woongjin Coway Company, Ltd.	990		29,959
Woori Finance Holdings Company, Ltd.	2,310		40,447
Woori Investment & Securities Company, Ltd. * (a)	1,740		37,067
Yuhan Corp.	68		12,790
			9,171,163
Spain - 3.10%
Abertis Infraestructuras SA	4,846		157,821
Acciona SA	525		140,570

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain (continued)
Acerinox SA (a)	2,737	$	75,862
ACS Actividades SA	3,990		227,169
Antena 3 de Television SA	1,022		14,037
Banco Bilbao Vizcaya Argentaria SA	73,844		1,623,846
Banco de Sabadell SA (a)	8,515		93,389
Banco Popular Espanol SA (a)	16,136		292,510
Banco Santander Central Hispano SA	123,688		2,464,107
Bankinter SA, ADR	2,042		32,401
Cintra Concesiones de Infraestructuras de
Transporte SA	3,941		58,326
Corporacion Mapfre SA (a)	8,536		42,861
Criteria Caixacorp SA *	15,200		104,388
Enagas	3,736		111,604
Fomento de Construcciones SA	777		51,198
Gamesa Corporacion Tecno SA	3,163		144,395
Gas Natural SDG SA	2,082		128,638
Gestevision Telecinco SA	1,724		35,084
Grupo Ferrovial SA	1,077		78,096
Iberdrola Renovables *	18,776		130,724
Iberdrola SA, GDR	9,196		178,311
Iberdrola SA	70,738		1,094,029
Iberia Lineas Aereas de Espana SA	7,171		31,227
Indra Sistemas SA (a)	1,851		53,307
Industria de Diseno Textil SA	4,124		228,897
Promotora de Informaciones SA	955		14,374
Red Electrica De Espana	1,965		120,343
Repsol YPF SA	15,394		530,340
Sacyr Vallehermoso SA (a)	1,346		46,758
Sogecable SA *	761		33,385
Telefonica SA	86,402		2,482,502
Union Fenosa SA	2,005		134,786
Zardoya Otis SA	1,940		53,831
Zeltia SA *	402		2,945
			11,012,061
Sweden - 1.69%
Alfa Laval AB	1,917		116,654
Assa Abloy AB - Series B	6,301		114,398
Atlas Copco AB, Series A, ADR *	13,021		222,651
Atlas Copco AB, Series B, ADR *	7,502		117,879
Axfood AB	212		7,553
Billerud Aktibolag AB	793		9,017
Boliden AB *	6,000		64,045
Castellum AB	1,352		16,510
D. Carnegie & Company AB *	627		10,558
Electrolux AB, Series B (a)	4,999		82,321
Elekta AB, Series B	723		12,527
Eniro AB	1,366		9,957
Ericsson LM, Series B	288,750		566,469
Fabege AB, ADR *	1,104		11,808
Getinge AB, Series B	3,331		86,524
Hennes & Mauritz AB, B shares	9,268		570,528
Hoganas AB, Series B	447		10,642
Holmen AB, Series B *	1,129		39,071
Husqvarna AB, B Shares	5,579		67,223
Investor AB, B shares *	4,400		99,106
Kungsleden AB	1,167		14,495

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

158

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Sweden (continued)
Lundin Petroleum AB, Series A *	4,812	$	65,362
Modern Times Group AB, Series B	1,026		71,630
Nobia AB *	1,200		10,379
Nordea Bank AB	40,698		660,124
Oriflame Cosmetics AB	384		25,527
Sandvik AB *	18,479		321,476
SAS AB *	1,346		12,421
Scania AB, Series B *	7,348		154,014
Securitas AB, B Shares	6,101		80,697
Securitas Systems AB	5,101		14,827
Skandinaviska Enskilda Banken AB, Series A *	9,333		244,513
Skanska AB, Series B	7,341		147,199
SKF AB, B Shares *	8,048		162,035
SSAB Svenskt Stal AB, Series A	3,427		96,519
SSAB Svenskt Stal AB, Series B	1,557		40,061
Svenska Cellulosa AB, ADR *	10,924		199,177
Svenska Handelsbanken AB, Series A	9,561		278,633
Swedbank AB, A shares	3,500		98,162
Swedish Match AB	5,347		116,773
Tele2 AB, Series B	6,023		113,936
Teliasonera AB	43,557		349,680
Trelleborg AB, Series B	646		12,896
Volvo AB, Series A *	9,710		144,669
Volvo AB, Series B *	21,180		320,906
Wihlborgs Fastigheter AB	171		3,909
			5,995,461
Switzerland - 5.40%
ABB, Ltd.	46,799		1,261,334
Actelion, Ltd. *	2,233		121,869
Adecco SA	2,791		161,226
Ciba Specialty Chemicals AG (a)	1,376		50,181
Compagnie Financiere
Richemont AG, Series A *	10,855		609,429
Credit Suisse Group AG	22,315		1,136,232
EFG International, ADR	761		26,061
Geberit AG, ADR	803		119,684
Givaudan AG	132		130,576
Holcim, Ltd.	4,523		475,067
Julius Baer Holding AG	2,109		155,675
Kudelski SA	577		8,473
Kuehne & Nagel International AG	1,143		114,567
Kuoni Reisen Holding AG, Series B	62		34,471
Lindt & Spruengli AG, ADR	15		49,809
Logitech International SA *	3,262		82,765
Lonza Group AG	952		126,297
Nestle SA	8,334		4,165,686
Nobel Biocare Holding AG, Series BR (a)	508		118,303
Novartis AG	49,255		2,527,472
Pargesa Holding SA, ADR	224		24,977
Phonak Holding AG	990		91,154
PSP Swiss Property AG *	340		22,961
Rieter Holding AG	84		32,161
Roche Holdings AG - Genusschein	14,911		2,810,273
Schindler Holding AG	987		73,941
Societe Generale de Surveillance Holdings AG	99		142,561
Straumann Holding AG	148		42,305

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Switzerland (continued)
Sulzer AG	63	$	83,290
Swatch Group AG, BR shares	675		180,745
Swatch Group AG	1,005		51,595
Swiss Life Holding *	713		198,299
Swiss Re	7,463		652,362
Swisscom AG	461		158,107
Syngenta AG *	2,186		638,628
Synthes AG	1,259		176,020
UBS AG	44,189		1,286,698
Unaxis Holding AG *	119		41,951
Zurich Financial Services AG	3,108		979,667
			19,162,872
Taiwan - 2.17%
Acer Sertek, Inc.	44,660		80,517
Advanced Semiconductor Engineering, Inc.	77,319		75,803
Advantech Company, Ltd.	6,200		14,690
Asia Cement Corp.	32,000		57,462
Asia Optical Company, Inc.	3,029		8,179
Asustek Computer, Inc.	61,935		182,442
AU Optronics Corp.	120,349		207,827
BenQ Corp. *	23,400		19,941
Catcher Technology Company, Ltd.	10,400		38,813
Cathay Financial Holdings Company, Ltd.	114,000		292,622
Cathay Real Estate Development
Company, Ltd.	14,000		12,487
Chang Hwa Commercial Bank, Ltd.	77,000		58,372
Cheng Shin Rubber Industry Company, Ltd.	13,910		28,394
Cheng Uei Precision Industry Company, Ltd.	6,300		13,998
Chi Mei Optoelectronics Corp.	83,040		109,898
China Airlines, Ltd.	18,537		10,792
China Development Financial Holdings Corp.	173,040		80,045
China Motor Company, Ltd.	8,040		7,806
China Steel Corp.	164,830		262,212
Chinatrust Finance Holding Company, Ltd. *	142,000		138,142
Chunghwa Picture Tubes, Ltd. *	123,000		37,784
Chunghwa Telecom Company, Ltd. *	97,636		257,751
CMC Magnetics Corp. *	52,000		17,189
Compal Communications, Inc.	3,150		5,628
Compal Electronics, Inc.	64,295		61,824
Compeq Manufactuing Company, Ltd.	14,000		4,650
Delta Electronics, Inc.	29,350		86,930
D-Link Corp.	10,608		17,576
E.Sun Financial Holding Company, Ltd. *	53,000		32,407
Epistar Corp.	7,751		21,768
Eternal Chemical Company, Ltd.	10,080		11,796
EVA Airways Corp. *	19,000		11,393
Evergreen Marine Corp.	22,000		21,804
Everlight Electronics Company, Ltd.	4,000		13,694
Far Eastern Department Stores Company, Ltd.	13,000		21,654
Far Eastern Textile, Ltd.	52,530		88,980
Far EasTone Telecommunications Company,
Ltd.	12,927		22,092
Firich Enterprises Company, Ltd.	1,000		10,372
First Financial Holding Company, Ltd.	84,660		88,934
Formosa Chemicals & Fibre Corp.	56,000		145,811
Formosa Petrochemical Corp.	38,000		113,231

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

159

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Formosa Plastic Corp.	81,000	$	246,035
Formosa Taffeta Company, Ltd.	16,000		18,185
Foxconn Technology Company, Ltd.	8,050		48,014
Fubon Group Company, Ltd.	69,000		78,535
Fuhwa Financial Holdings Company, Ltd. *	112,060		105,915
Gigabyte Technology Company, Ltd.	9,000		7,177
HannStar Display Corp. *	79,488		34,309
High Tech Computer Corp.	9,100		205,564
Hon Hai Precision Industry Company, Ltd.	99,816		574,660
Hua Nan Financial Holdings Company, Ltd.	69,000		63,768
InnoLux Display Corp.	39,513		105,606
Inotera Memories, Inc.	58,300		52,087
Inventec Appliances Corp.	3,150		6,288
Inventec Company, Ltd.	27,300		16,801
KGI Securities Company, Ltd.	44,000		33,256
Kinpo Electronics, Inc.	16,320		5,710
Kinsus Interconnect Technology Corp.	4,400		11,810
Largan Precision Company, Ltd.	2,040		21,345
Lite-On Technology Corp.	35,944		41,954
Macronix International Company, Ltd.	52,913		24,208
MediaTek, Inc.	15,750		209,207
Mega Financial Holding Company, Ltd.	172,000		135,701
Micro-Star International Company, Ltd.	11,657		10,030
Mitac International	24,346		22,159
Mosel Vitelic, Inc.	17,510		14,525
Motech Industries, Inc.	2,425		16,791
Nan Ya Plastics Corp.	100,000		249,657
Nan Ya Printed Circuit Board Corp.	3,079		14,753
Nanya Technology Corp.	54,168		32,380
Novatek Microelectronics Corp., Ltd.	8,159		29,981
Oriental Union Chemical Corp.	8,160		9,180
Pan-International Industrial Company, Ltd.	5,000		8,983
Phoenix Precision Technology Corp.	11,054		7,819
Polaris Securities Company, Ltd. *	34,760		24,994
Pou Chen Corp.	37,735		36,825
Powerchip Semiconductor Corp.	140,613		52,846
Powertech Technology, Inc.	8,050		29,152
President Chain Store Corp.	9,000		30,842
ProMOS Technologies, Inc.	109,000		26,857
Quanta Computer, Inc.	38,680		53,638
Realtek Semiconductor Corp.	7,875		23,576
Richtek Technology Corp.	1,000		8,002
Ritek Corp. *	50,000		13,066
Shin Kong Financial Holding Company, Ltd.	69,511		52,577
Siliconware Precision Industries Company	51,907		87,481
Sino-American Silicon Products, Inc.	3,000		21,050
SinoPac Holdings Company, Ltd.	126,000		60,002
Synnex Technology International Corp.	14,700		40,315
Taishin Financial Holdings Company, Ltd. *	87,000		43,655
Taiwan Cellular Corp.	37,242		71,657
Taiwan Cement Corp.	55,550		108,672
Taiwan Cooperative Bank	24,000		23,702
Taiwan Fertilizer Company, Ltd.	12,000		52,959
Taiwan Glass Industrial Corp.	15,960		19,705
Taiwan Navigation Company, Ltd.	4,000		7,652
Taiwan Secom Company, Ltd.	4,000		8,258

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Taiwan Semiconductor
Manufacturing Company, Ltd.	423,004	$	875,396
Tatung Company, Ltd. *	73,000		47,321
Teco Electric & Machinery Company, Ltd.	32,000		19,813
Transcend Information, Inc.	4,000		11,889
Tripod Technology Corp.	6,840		23,263
Tung Ho Steel Enterprise Corp.	12,000		22,661
U-Ming Marine Transport Corp.	9,000		27,364
Unimicron Technology Corp.	15,300		21,292
Uni-President Enterprises Corp.	56,180		84,054
United Microelectronics Corp.	243,311		148,223
Vanguard International Semiconductor Corp.	17,168		12,409
Via Technologies, Inc. *	19,000		10,799
Wafer Works Corp.	3,000		12,941
Walsin Lihwa Corp.	57,000		28,278
Wan Hai Lines, Ltd.	24,000		22,396
Waterland Financial Holding Company	22,440		8,887
Winbond Electronics Corp.	60,000		17,806
Wintek Corp.	21,000		19,081
Wistron Corp.	20,138		32,176
Ya Hsin Industrial Company, Ltd. * (j)	14,000		0
Yageo Corp.	45,000		16,593
Yang Ming Marine Transport Corp.	23,183		18,309
Yieh Phui Enterprise Company, Ltd.	14,420		6,987
Yuen Foong Yu Paper Manufacturing
Company, Ltd.	18,180		8,202
Yulon Motor Company, Ltd.	14,208		20,694
Zinwell Corp.	4,000		10,330
Zyxel Communications Corp.	6,120		7,213
			7,687,963
Thailand - 0.28%
Advanced Info Service PCL	16,300		51,073
Airports of Thailand PCL	8,000		14,483
Bangkok Bank PCL, Foreign Shares	19,400		86,017
Bangkok Bank PCL, NVDR (a)	2,200		9,474
Bangkok Bank PCL	11,000		47,372
Bangkok Expressway PCL	4,000		2,579
Bank of Ayudhya PCL *	23,200		17,121
Banpu PCL, Reg.	2,700		36,961
BEC World PCL	13,900		12,582
C.P. Seven Eleven PCL	41,305		13,644
Central Pattana PCL	12,400		11,126
Electricity Generating PCL, Foreign Shares	3,500		10,950
Glow Energy PCL	9,700		9,859
Hana Microelectronics PCL	8,600		5,053
IRPC PCL	149,200		27,248
Kasikornbank PCL - Foreign Shares	32,300		94,873
Kasikornbank PCL, NVDR	4,300		12,356
Krung Thai Bank PCL	52,000		16,681
Land & Houses PCL, Foreign Shares	81,600		26,548
Land & Houses PCL, NVDR	30,300		9,424
Land & Houses PCL	19,700		6,127
National Finance PCL	10,300		5,071
Precious Shipping PCL	5,600		4,322
PTT Aromatics & Refining PCL	18,265		21,899
PTT Chemical PCL	5,118		17,068

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

160

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Thailand (continued)
PTT Exploration & Production PCL	21,300	$	102,153
PTT PCL, Foreign Shares	15,600		156,570
Ratchaburi Electricity Generating Holding PCL	6,900		10,136
Siam Cement PCL, Foreign Shares	7,100		49,277
Siam Cement PCL, NVDR	700		4,776
Siam Cement PCL	4,400		30,019
Siam City Cement PCL	900		6,517
Siam Commercial Bank PCL	15,900		45,703
Siam Makro PCL	1,000		3,176
Thai Airways International PCL	8,000		7,369
Thai Oil Public Company, Ltd.	6,800		15,118
True Corp. PCL *	35,200		5,702
			1,006,427
Turkey - 0.22%
Adana Cimento Sanayii Turk Anonim Sirketi,
Class A	667		3,146
Akbank AS	19,097		80,441
Akcansa Cimento AS	869		3,488
Aksigorta AS *	2,477		9,024
Anadolu Efes Biracilik Ve Malt Sanayii AS (a)	4,480		39,746
Arcelik AS	2,015		7,984
Asya Katilim Bankasi AS *	1,221		7,658
Aygaz AS	751		2,548
Cimsa Cimento Sanayi ve Ticaret AS	485		2,422
Dogan Sirketler Grubu Holdings AS *	10,506		10,584
Dogan Yayin Holding AS *	4,344		7,432
Eregli Demir ve Celik Fabrikalari TAS	10,804		75,958
Ford Otomotiv Sanayi AS	1,415		11,049
HACI Omer Sabanci Holdings, AS	8,960		27,956
Hurriyet Gazetecilik AS *	3,825		5,863
Is Gayrimenkul Yatirim Ortakligi AS *	3,116		2,389
KOC Holdings AS *	6,985		19,516
Migros Turk TAS	1,956		28,835
Petkim Petrokimya Holding AS *	1,258		6,154
Tofas Turk Otomobil Fabrik AS	2,534		8,139
Trakya Cam Sanayi AS	3,383		4,266
Tupras Turkiye Petrol Rafine AS	2,491		55,195
Turk Sise ve Cam Fabrikalari AS	6,703		8,281
Turkcell Iletisim Hizmetleri AS	10,931		90,571
Turkiye Garanti Bankasi AS	22,163		100,209
Turkiye Halk Bankasi AS *	6,564		36,610
Turkiye Is Bankasi AS	19,142		71,222
Turkiye Vakiflar Bankasi Tao	21,422		39,194
Ulker Gida Sanayi ve Ticaret AS	1,254		2,498
Vestel Elektronik Sanayi ve Tracaret AS *	1,652		2,061
Yapi ve Kredi Bankasi AS *	11,734		22,841
			793,280
United Kingdom - 15.33%
3i Group PLC	8,193		134,985
AbitibiBowater, Inc. *	405		5,240
Aggreko PLC	1,968		25,222
Alliance & Leicester PLC	3,386		34,850
AMEC PLC	6,776		97,324
Anglo American PLC	26,302		1,576,580
Antofagasta PLC	3,501		48,743

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
ARM Holdings PLC	28,261	$	49,358
Arriva PLC	1,589		21,643
Associated British Foods PLC	3,212		55,792
AstraZeneca Group PLC	29,381		1,102,082
Astro All Asia Networks PLC, GDR	9,300		10,206
Aviva PLC	50,605		620,490
BAE Systems PLC	68,976		665,128
Barclays PLC	137,864		1,243,769
Barratt Developments PLC	5,449		44,746
BBA Aviation PLC	2,693		8,046
Berkeley Group Holdings PLC *	1,880		41,605
BG Group PLC	66,750		1,546,689
BHP Billiton PLC	45,689		1,345,718
BICC PLC	8,190		76,672
Biffa PLC	2,515		17,408
Bovis Homes Group PLC	347		4,177
BP PLC	386,462		3,915,508
Britannic Group PLC	13,425		182,382
British Airways PLC *	12,413		57,739
British American Tobacco PLC	30,189		1,133,895
British Energy Group PLC	20,979		271,833
British Land Company PLC	9,665		176,035
British Sky Broadcasting Group PLC	23,152		255,985
Brixton PLC	1,752		11,474
BT Group PLC	160,295		692,023
Bunzl PLC	7,327		103,195
Burberry Group PLC	9,393		84,025
Cable & Wireless PLC	53,110		157,074
Cadbury Schweppes PLC	42,160		464,711
Capita Group PLC	12,348		166,374
Carnival PLC	3,497		139,351
Carphone Warehouse	7,329		41,509
Cattles PLC	2,588		11,896
Centrica PLC	71,316		422,535
Charter PLC *	1,317		22,220
Close Brothers Group PLC	995		12,193
Cobham PLC	23,746		94,255
Compass Group PLC	36,899		236,131
Cookson Group PLC	1,706		22,508
CSR PLC *	2,219		14,351
Daily Mail and General Trust PLC	5,636		48,397
Davis Service Group PLC	2,703		26,525
De La Rue PLC	1,148		20,219
Diageo PLC	52,035		1,053,021
Dixons Group PLC	34,238		43,199
Electrocomponents PLC	2,938		10,597
Enterprise Inns PLC	11,130		88,683
Eurasian Natural Resources Corp. *	8,019		156,762
FirstGroup PLC	8,408		94,115
FKI PLC	9,996		13,831
Friends Provident Ethical Investment
Trust PLC	36,691		90,049
Galiform PLC *	10,535		16,574
GKN PLC	14,532		87,945
GlaxoSmithKline PLC	112,162		2,372,474
Great Portland Estates PLC	720		7,571

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

161

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Group 4 Securicor PLC	23,995	$	108,502
Hammerson PLC	5,658		125,122
Hays PLC	26,991		61,264
HBOS PLC	74,012		823,379
Home Retail Group	17,436		90,505
HSBC Holdings PLC	249,756		4,114,460
ICAP PLC	10,726		121,213
IMI PLC	6,290		56,690
Imperial Tobacco Group PLC	13,373		615,809
Inchcape PLC	9,236		73,739
Intercontinental Hotels Group PLC	6,302		95,173
International Power PLC	30,830		243,771
Intertek Group PLC	1,236		25,355
Invensys PLC *	14,966		66,745
Investec PLC	8,372		56,424
ITV PLC	77,572		97,590
J Sainsbury PLC	32,268		219,790
Johnson Matthey PLC	4,456		177,488
Kazakhmys PLC	1,866		59,172
Kesa Electricals PLC	9,870		40,479
Kingfisher PLC	47,331		124,446
Ladbrokes PLC	12,833		79,387
Land Securities Group PLC	9,568		286,642
Legal & General Group PLC	131,638		330,334
Liberty International PLC	4,993		96,806
Lloyds TSB Group PLC	111,787		998,759
Logicacmg PLC	32,031		67,330
London Stock Exchange Group PLC	3,199		76,754
Lonmin PLC, ADR	1,456		88,522
Man Group PLC, ADR	31,806		350,116
Marks & Spencer Group PLC	34,181		262,997
Meggitt PLC	12,001		65,668
Misys PLC	3,513		9,651
Mitchells & Butlers PLC	9,369		63,850
Mondi PLC	7,192		59,663
National Express Group PLC	2,707		54,034
National Grid PLC	51,660		713,893
Next Group PLC	4,029		91,268
Old Mutual PLC	105,248		230,980
Pearson PLC	16,754		226,908
Persimmon PLC	5,763		87,525
Prudential PLC	47,954		633,154
Punch Taverns PLC	5,255		56,198
Rank Group PLC	6,571		11,501
Reckitt Benckiser PLC	11,972		663,890
Reed Elsevier PLC *	22,507		286,658
Rentokil Initial PLC	38,651		74,682
Reuters Group PLC *	25,382		292,139
Rexam PLC	13,152		111,379
Rio Tinto PLC	20,471		2,127,478
Rolls-Royce Group PLC *	34,961		280,033
Rolls-Royce Group PLC *	3,132,505		6,217
Royal & Sun Alliance PLC	68,783		175,717
Royal Bank of Scotland Group PLC	198,759		1,331,523
Royal Dutch Shell PLC, A Shares	72,207		2,486,225
Royal Dutch Shell PLC, B Shares	56,711		1,910,397

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
SABMiller PLC	18,070	$	396,318
Schroders PLC	2,213		41,207
Scottish & Newcastle PLC	16,378		256,756
Scottish & Southern Energy PLC	17,543		489,322
Segro PLC, REIT	7,989		80,497
Serco Group PLC	9,130		82,269
Severn Trent PLC	4,464		125,881
Shire PLC	5,288		102,361
Signet Group PLC	32,190		39,464
Smith & Nephew PLC	18,637		246,797
Smiths Group PLC	7,800		145,630
SSL International PLC	1,303		11,720
Stagecoach Group PLC	10,287		49,414
Standard Chartered PLC	15,041		514,337
Standard Life PLC	42,019		205,414
Tate & Lyle PLC	10,137		108,697
Taylor Woodrow PLC	21,706		80,790
Tesco PLC	156,128		1,176,674
The Sage Group PLC	26,835		100,357
Thomas Cook Group PLC	10,654		61,391
Tomkins PLC	17,423		61,872
Travis Perkins PLC	2,361		50,262
Trinity Mirror PLC	2,043		11,985
TUI Travel PLC	12,323		63,070
Tullett Prebon PLC	1,160		10,952
Tullow Oil PLC	13,849		181,359
Unilever PLC	26,175		885,352
United Business Media PLC	5,413		58,073
United Utilities PLC	18,145		248,868
Vedanta Resources PLC	1,286		53,591
Vodafone Group PLC	1,069,177		3,178,047
Whitbread PLC	4,106		95,211
William Hill PLC	6,607		49,337
William Morrison Supermarket PLC	23,077		125,824
Wolseley PLC	13,546		142,678
WPP Group PLC	22,951		274,003
Xstrata PLC	12,370		866,409
Yell Group PLC	16,401		50,086
			54,403,306
United States - 0.01%
Brookfield Infrastructure Partners LP	401		6,797
Marathon Oil Corp.	243		11,081
Southern Copper Corp.	130		13,498
			31,376
TOTAL COMMON STOCKS (Cost $288,227,012)		$	336,107,184
PREFERRED STOCKS - 1.68%
Brazil - 1.36%
Aracruz Celulose SA	6,600		45,023
Banco Bradesco SA	16,708		464,667
Banco do Estado do Rio Grande do Sul	3,653		19,153
Banco Itau Holding Financeira SA	20,600		469,713
Bradespar SA *	2,200		59,366
Brasil Telecom Participacoes SA	2,500		33,453
Brasil Telecom SA	3,515		38,662

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

162

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS (continued)
Brazil (continued)
Braskem SA, A Shares	2,500	$	21,229
Centrais Eletricas Brasileiras SA *	2,400		34,467
Cia Brasileira de Distribuicao Grupo Pao de
Acucar	600		12,310
Cia de Bebidas das Americas	2,910		218,909
Cia de Gas de Sao Paulo, A Shares	300		7,540
Cia Energetica de Minas Gerais	5,755		103,312
Cia Energetica de Sao Paulo *	3,018		49,535
Cia Paranaense de Energia	2,500		40,876
Cia Vale do Rio Doce	32,868		951,368
Companhia de Bebidas das Americas, ADR	752		56,814
Companhia de Tecidos Norte de Minas SA	1,600		7,842
Duratex SA	1,600		30,619
Eletropaulo Metropolitana de Sao Paulo SA	399,544		31,422
Fertilizantes Fosfatados SA	800		37,495
Gerdau SA	4,800		147,991
Gol Linhas Aereas Inteligentes SA	900		13,382
Investimentos Itau SA	19,000		111,529
Klabin SA	11,000		36,359
Lojas Americanas SA	5,000		37,186
Metalurgica Gerdau SA	1,200		49,991
Net Servicos de Comunicacao SA *	3,875		41,407
Petroleo Brasileiro SA	25,300		1,066,819
Sadia SA, ADR *	8,000		47,415
Suzano Papel e Celulose SA	2,600		39,251
Tam SA	1,211		23,327
Tele Norte Leste Participacoes SA	4,500		119,508
Telemar Norte Leste SA, Series A	1,100		57,047
Telemig Celular Participacoes SA	475		13,589
Telesp Celular Participacoes SA *	10,400		60,633
Tim Participacoes SA	11,129		36,025
Usinas Siderurgicas de Minas Gerais SA,
Series A	2,750		154,214
Votorantim Celulose e Papel SA *	1,300		37,192
			4,826,640
Germany - 0.22%
Bayerische Motoren Werke (BMW) AG	268		11,775
Porsche Automobil Holding SE	1,857		339,299
RWE AG	827		78,429
Volkswagen AG	2,221		369,207
			798,710
Italy - 0.02%
IFI-Istituto Finanziario Industriale SpA *	776		21,380
Unipol SpA *	14,678		42,184
			63,564
Japan - 0.00%
ITO EN, Ltd. *	300		3,381
Malaysia - 0.00%
Malaysian Airline System BHD *	1,400		355
Russia - 0.02%
Surgutneftegaz SADR	1,358		66,270
South Korea - 0.06%
Hyundai Motor Company	710		23,454
LG Electronics, Inc.	120		6,888

International Equity Index Trust A (continued)
		Shares or
		Principal
		Amount		Value
PREFERRED STOCKS (continued)
South Korea (continued)
Samsung Electronics Company, Ltd. *		410	$	185,788
				216,130
TOTAL PREFERRED STOCKS (Cost $3,890,380)			$	5,975,050
WARRANTS - 0.00%
Hong Kong - 0.00%
China Overseas Land & Investment, Ltd.
(Expiration Date: 08/27/2008, Strike
Price: HKD 12.50) *		6,000		2,236
Indonesia - 0.00%
Bank Pan Indonesia Tbk PT
(Expiration Date: 07/10/2009, Strike
Price: IDR 400.00) *		16,560		539
TOTAL WARRANTS (Cost $158)			$	2,775
RIGHTS - 0.00%
Australia - 0.00%
Iluka Resources, Ltd. (Expiration Date:
04/09/2008, Strike Price AUD 2.55) *		2,193		0
Japan - 0.00%
Dowa Mining Company, Ltd. (Expiration Date:
01/29/2010, Strike Price: JPY 1.00) *		4,466		1,322
Malaysia - 0.00%
Genting International PLC (Expiration Date:
04/11/2008, Strike Price MYR 0.88) *		5,210		0
Thailand - 0.00%
True Corp. PCL *		12,595		0
TOTAL RIGHTS (Cost $0)			$	1,322
SHORT TERM INVESTMENTS - 8.67%
AIM Short-Term Investment Trust,
STIC Prime Portfolio,
Institutional Class	$	1,462,973	$	1,462,973
John Hancock Cash
Investment Trust, 3.0622% (c)(f)		29,277,845		29,277,845
TOTAL SHORT TERM INVESTMENTS
(Cost $30,740,818)			$	30,740,818
Total Investments (International Equity Index Trust A)
(Cost $322,858,368) - 105.08%			$	372,827,149
Liabilities in Excess of Other Assets - (5.08)%				(18,033,535)
TOTAL NET ASSETS - 100.00%			$	354,793,614

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Banking	12.19%
Telecommunications Equipment & Services	6.19%
International Oil	5.47%
Insurance	4.94%
Mining	4.23%

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

163

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 95.43%
Argentina - 0.02%
Petrobras Energia Participaciones SA, ADR,
B Shares	2,864	$	32,506
Telecom Argentina SA, ADR, B Shares *	2,458		52,061
			84,567
Australia - 4.65%
ABC Learning Centres, Ltd.	11,605		14,938
AGL Energy, Ltd.	13,276		134,246
Alumina, Ltd.	32,878		168,293
Amcor, Ltd. (a)	26,935		176,244
AMP, Ltd.	55,314		398,136
Ansell, Ltd.	1,825		19,471
Aristocrat Leisure, Ltd.	10,704		94,226
Asciano Group	16,372		60,108
Australia and New Zealand
Banking Group, Ltd.	52,975		1,099,262
Australian Stock Exchange, Ltd.	5,139		176,953
Axa Asia Pacific Holdings, Ltd.	24,429		123,342
Babcock & Brown, Ltd. (a)	7,030		95,289
Bendigo Bank, Ltd. (a)	8,462		92,334
BHP Billiton, Ltd.	94,673		3,111,049
Billabong International, Ltd.	5,126		61,020
Bluescope Steel, Ltd.	22,425		203,381
Boart Longyear Group	38,217		64,128
Boral, Ltd.	18,096		103,967
Brambles, Ltd., GDR (a)	20,783		189,806
Brambles, Ltd.	20,680		189,022
Caltex Australia, Ltd. (a)	4,160		49,658
Centro Properties Group, Ltd. (a)	26,179		7,278
Centro Retail Group	40,025		12,483
CFS Gandel Retail Trust	40,162		79,900
CFS Retail Property Trust, REIT	1,013		2,055
Challenger Financial Services Group, Ltd.	11,153		18,791
Coca-Cola Amatil, Ltd.	15,974		124,324
Cochlear, Ltd.	1,647		82,861
Commonwealth Bank of Australia, Ltd.	38,145		1,465,802
Commonwealth Property Office Fund, Ltd.	19,558		23,828
Computershare, Ltd.	13,781		110,455
Crown, Ltd. *	13,208		126,743
CSL, Ltd.	16,023		543,154
CSR, Ltd.	27,615		81,058
Dexus Property Group, REIT (a)	89,829		138,900
Downer EDI, Ltd.	3,980		22,814
Fortescue Metals Group, Ltd. *	34,730		207,383
Foster's Group, Ltd. (a)	53,895		252,619
Futuris Corp., Ltd.	7,162		12,440
General Property Trust, Ltd.	63,360		189,651
Goodman Fielder, Ltd.	30,583		50,519
Harvey Norman Holding, Ltd.	14,041		50,410
Iluka Resources, Ltd.	2,785		11,969
ING Industrial Fund (a)	13,834		27,078
James Hardie Industries, Ltd.	14,298		81,870
John Fairfax Holdings, Ltd.	34,910		111,384
Leighton Holdings, Ltd.	4,087		160,823
Lend Lease Corp.	11,008		133,793
Lion Nathan, Ltd. (a)	9,083		72,785
Macquarie Airports, Ltd. (a)	22,547		67,017

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Macquarie Communications
Infrastructure Group, Ltd.	6,163	$	23,771
Macquarie Goodman Group, Ltd. (a)	41,130		162,981
Macquarie Group, Ltd.	7,414		357,890
Macquarie Infrastructure Group, Ltd.	78,595		200,606
Macquarie Office Trust (a)	64,508		53,771
Mirvac Group, Ltd.	30,687		113,297
National Australia Bank, Ltd.	46,154		1,276,413
Newcrest Mining, Ltd.	12,591		382,118
NRMA Insurance Group, Ltd.	55,580		187,083
OneSteel, Ltd.	21,248		124,408
Orica, Ltd.	9,045		241,623
Origin Energy, Ltd.	26,802		224,522
Oxiana, Ltd.	40,063		116,563
Pacific Brands, Ltd.	6,674		12,395
Paladin Resources, Ltd. *	17,063		79,447
PaperlinX, Ltd. (a)	5,444		13,737
Perpetual Trust of Australia, Ltd.	982		48,470
Publishing & Broadcasting, Ltd.	13,208		45,188
Qantas Airways, Ltd.	27,623		99,503
QBE Insurance Group, Ltd.	23,843		487,834
Rio Tinto, Ltd.	8,082		907,897
Santos, Ltd.	17,088		227,249
Sonic Healthcare, Ltd.	9,825		123,817
St. George Bank, Ltd.	7,779		183,853
Stockland Company, Ltd. (a)	42,592		273,512
Stockland, REIT *	1,347		7,645
Suncorp-Metway, Ltd.	25,042		296,760
TABCORP Holdings, Ltd. (a)	16,633		215,779
Tattersall's, Ltd.	31,421		100,482
Telstra Corp., Ltd. - Ins Recp. (a)	45,590		117,533
Telstra Corp., Ltd.	88,336		356,122
Toll Holdings, Ltd.	16,810		154,719
Transurban Group, Ltd. * (a)	33,090		196,902
Wesfarmers, Ltd., Price Protected Shares	3,650		134,297
Wesfarmers, Ltd. (a)	15,199		558,876
Westfield Group *	1,482		23,296
Westfield Group (a)	48,577		795,611
Westpac Banking Corp., Ltd.	53,005		1,156,849
Woodside Petroleum, Ltd.	13,120		651,996
Woolworths, Ltd.	34,242		910,763
WorleyParsons, Ltd. (a)	4,320		132,405
Zinifex, Ltd.	14,262		130,201
			22,803,244
Austria - 0.45%
Andritz AG	1,113		61,046
BetandWin.com Interactive Entertainment AG *	702		23,093
Erste Bank der Oesterreichischen
Sparkassen AG	5,705		370,039
Flughafen Wien AG	154		18,570
Immoeast Immobilien Anlagen AG *	12,470		120,035
Immofinanz Immobilien Anlage AG	13,774		149,299
Mayr-Melnhof Karton AG	258		26,008
Meinl European Land, Ltd. *	9,234		105,006
Oesterreichische Elektrizitaets AG, Class A *	2,371		168,643
OMV AG	5,078		335,627

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

164

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Austria (continued)
Raiffeisen International Bank Holding AG	1,099	$	149,928
RHI AG *	383		15,419
Telekom Austria AG	10,537		217,652
Voestalpine AG	3,514		244,369
Wiener Staedtische Allgemeine
Versicherung AG	970		74,344
Wienerberger Baustoffindustrie AG	2,169		115,024
			2,194,102
Belgium - 0.99%
Agfa Gevaert NV	1,797		14,024
Barco NV	337		24,129
Bekaert SA	168		24,485
Belgacom SA	4,817		212,975
Cofinimmo SA	120		25,939
Colruyt SA	498		128,316
Compagnie Maritime Belge SA	193		12,990
Compagnie Nationale A Portefeuille, ADR	575		43,874
Delhaize Group	2,995		236,208
Dexia	14,169		404,247
Euronav NV	307		11,655
Fortis Group SA	57,746		1,450,992
Fortis, Strip VVPR *	24,938		394
Groupe Bruxelles Lambert SA	2,456		299,449
Inbev NV	4,995		438,467
KBC Ancora, ADR	458		47,121
KBC Bancassurance Holding NV	5,018		650,839
Mobistar SA *	931		84,217
Omega Pharma SA	254		11,768
SA D'Ieteren Trading NV	38		13,506
Solvay SA	1,927		245,694
Suez SA	2,358		154,671
UCB SA	3,339		115,983
Umicore	3,760		195,435
			4,847,378
Bermuda - 0.06%
Central European Media Enterprises, Ltd. *	720		61,589
Frontline, Ltd.	742		34,108
SeaDrill, Ltd., GDR	7,112		191,582
			287,279
Brazil - 1.55%
All America Latina Logistica SA	10,500		105,916
Aracruz Celulose SA, SADR	581		39,659
B2W Companhia Global Do Varejo	1,756		59,044
Banco Bradesco SA, ADR *	10,056		279,155
Banco Bradesco SA *	256		7,120
Banco do Brasil SA	5,000		65,852
Banco Nossa Caixa SA	658		7,976
Bovespa Holding SA *	8,526		114,914
Brasil Telecom Participacoes SA, ADR	404		26,446
Brasil Telecom Participacoes SA	1,700		47,812
Braskem SA, SADR	1,584		26,865
Centrais Eletricas Brasileiras SA, ADR,
B Shares	1,429		20,718
Centrais Eletricas Brasileiras SA, ADR	2,381		36,277
Centrais Eletricas Brasileiras SA *	4,600		70,257

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Brazil (continued)
Cia Brasileira de Distribuicao Grupo Pao de
Acucar, ADR	314	$	12,855
Cia de Concessoes Rodoviarias, ADR	3,900		57,543
Cia de Saneamento Basico do Estado de Sao
Paulo *	3,120		68,652
Cia Energetica de Minas Gerais, ADR	3,872		69,851
Cia Vale do Rio Doce *	25,600		882,658
Companhia Siderurgica Nacional SA, ADR	4,593		165,302
Companhia Siderurgica Nacional SA	6,600		235,309
Companhia Vale Do Rio Doce, ADR *	13,952		483,297
Companhia Vale Do Rio Doce, SADR	19,233		560,642
Cosan SA Industria e Comercio	1,766		26,167
CPFL Energia SA	3,700		74,455
Cyrela Brazil Realty SA	5,000		65,538
Cyrela Commercial Properties SA
Empreendimentos e Participacoes *	1,000		5,500
Diagnosticos da America SA	1,100		21,878
EDP- Energias do Brasil SA	1,100		16,424
Empresa Brasileira de Aeronautica SA	9,300		92,592
Empresa Brasileira de Aeronautica SA, ADR	1,026		40,537
Gafisa SA *	2,791		46,143
Gerdau SA, SADR	4,068		124,359
Gerdau SA	1,650		42,465
Global Village Telecom Holding SA *	2,448		46,178
Lojas Renner SA	3,700		69,795
MRV Engenharia e Participacoes SA *	2,167		38,531
Natura Cosmeticos SA	3,000		30,604
Perdigao SA *	2,560		58,649
Petroleo Brasileiro SA, ADR	6,857		700,168
Petroleo Brasileiro SA, SADR	9,288		786,601
Petroleo Brasileiro SA	19,500		996,504
Redecard SA	4,997		83,127
Souza Cruz SA	2,200		57,034
Tele Norte Leste Participacoes SA, ADR	2,994		79,461
Tele Norte Leste Participacoes SA	1,800		62,154
Tractebel Energia SA	3,600		46,141
Unibanco - Uniao de Bancos Brasileiros SA *	21,100		246,990
Unibanco - Uniao De Bancos
Brasileiros SA, ADR *	1,124		131,103
Usinas Siderurgicas de Minas Gerais
SA, SADR	1,621		91,067
Vivo Participacoes SA, ADR *	1,291		7,694
Votorantim Celulose & Papel SA, SADR *	858		24,462
Weg SA	4,600		51,382
			7,607,823
Canada - 6.33%
ACE Aviation Holdings, Inc. *	800		16,406
Aeroplan Income Fund, ADR	2,636		46,875
Agnico-Eagle Mines, Ltd.	3,513		238,273
Agrium, Inc.	4,061		252,257
Alimentation Couche Tard, Inc., ADR	4,300		67,404
ARC Energy Trust, ADR	2,700		69,391
Astral Media, Inc.	1,600		60,777
Bank Nova Scotia Halifax	27,548		1,249,315
Bank of Montreal	14,409		645,032
Barrick Gold Corp.	24,230		1,059,421

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

165

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
BCE, Inc.	7,773	$	263,151
Biovail Corp.	4,450		47,905
Bombardier, Inc. *	43,138		229,884
Brookfield Asset Management, Inc.	14,551		392,109
Brookfield Properties Corp.	6,634		127,968
CAE, Inc.	7,016		79,494
Cameco Corp.	10,366		341,746
Canadian Imperial Bank of Commerce	9,630		620,140
Canadian National Railway Company	14,498		702,972
Canadian Natural Resources, Ltd.	15,022		1,028,395
Canadian Oil Sands Trust, ADR	6,500		262,799
Canadian Pacific Railway, Ltd.	4,074		261,955
Canadian Tire Corp., Ltd.	2,354		151,934
Canadian Utilities, Ltd. (a)	1,400		56,589
Canfor Corp. *	1,800		14,099
Celestica, Inc. *	5,692		38,596
CGI Group, Inc. *	8,076		85,760
CI Financial Income Fund	1,533		32,543
Cott Corp. *	2,231		7,933
Eldorado Gold Corp. *	10,700		73,804
Enbridge, Inc.	10,276		423,774
EnCana Corp.	21,064		1,604,759
Enerplus Resources Fund	3,700		160,948
Ensign Energy Services, Inc.	4,400		85,775
Fairfax Financial Holdings, Ltd.	459		133,660
Finning International, Inc.	5,438		154,009
First Calgary Petroleums, Ltd. *	5,400		15,204
First Quantum Minerals, Ltd., ADR	2,100		170,300
Fording Canadian Coal Trust	4,500		235,598
Fortis, Inc.	3,000		85,372
George Weston, Ltd.	1,736		79,862
Gildan Activewear, Inc. *	3,600		135,800
Goldcorp, Inc.	19,556		759,987
Great-West Lifeco, Inc. (a)	8,076		243,590
Harry Winston Diamond Corp.	1,436		34,401
Harvest Energy Trust	3,700		82,907
Husky Energy, Inc. (a)	7,652		299,609
IGM Financial, Inc. (a)	3,496		153,913
Imperial Oil, Ltd.	9,303		487,604
Inmet Mining Corp.	1,200		87,681
Ivanhoe Mines, Ltd. *	7,500		78,182
Jazz Air Income Fund, ADR *	711		5,472
Kinross Gold Corp.	17,490		390,200
Loblaw Companies, Ltd.	3,437		101,826
Lundin Mining Corp. *	10,400		70,924
Magna International, Inc.	2,643		192,190
Manulife Financial Corp.	43,424		1,662,165
MDS, Inc. *	3,201		62,370
Methanex Corp.	2,867		75,414
MI Developments, Inc., Class A	1,371		40,003
National Bank of Canada	4,668		217,563
Nexen, Inc.	13,864		411,416
Niko Resources, Ltd.	1,000		81,105
Nortel Networks Corp. *	12,543		85,539
Nova Chemicals Corp.	2,549		61,363
Onex Corp.	3,332		97,222

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Open Text Corp. *	542	$	17,151
OPTI Canada, Inc. *	4,700		79,215
Pan American Silver Corp. *	2,100		81,201
Penn West Energy Trust	10,413		292,167
Petro-Canada	14,092		613,955
Potash Corp. of Saskatchewan, Inc.	8,811		1,369,141
Power Corp. of Canada	9,317		308,615
Power Financial Corp.	7,122		243,610
Precision Drilling Trust, ADR	1,500		34,926
Provident Energy Trust	6,100		65,074
QLT, Inc. *	230		822
Research In Motion, Ltd. *	14,100		1,586,447
RioCan Real Estate Investment Trust	2,900		58,483
Ritchie Bros. Auctioneers, Inc.	700		57,810
Rogers Communications, Inc., Class B	14,642		526,653
RONA, Inc. *	3,700		51,438
Royal Bank of Canada	35,976		1,680,597
Saputo, Inc.	3,000		80,900
Shaw Communications, Inc.	10,502		192,145
Sherritt International Corp., ADR	6,300		89,119
Shoppers Drug Mart Corp.	5,856		296,323
Sino-Forest Corp. *	4,100		63,910
SNC-Lavalin Group, Inc.	4,613		199,899
Sun Life Financial, Inc.	16,452		769,187
Suncor Energy, Inc.	12,902		1,247,024
Talisman Energy, Inc.	28,726		509,621
Teck Cominco, Ltd.	12,712		521,261
Telus Corp. - Non Voting Shares	4,044		170,396
Telus Corp.	1,800		78,387
Thomson Corp.	6,498		218,531
Toronto Dominion Bank Ontario	10,400		639,431
TransAlta Corp.	5,621		174,854
Trans-Canada Corp.	14,850		572,183
Trican Well Service, Ltd.	3,800		79,558
TSX Group, Inc. (a)	1,924		72,784
Uranium One, Inc. *	6,000		19,757
UTS Energy Corp. *	5,000		25,476
WesternZagros Resources, Ltd. *	4,200		9,984
Yamana Gold, Inc.	16,838		247,046
Yellow Pages Income Fund (a)	7,800		79,714
			31,017,429
Chile - 0.33%
Banco Santander Chile SA, ADR	2,714		141,834
Centros Comerciales Sudamericanos SA, ADR (g)	3,171		204,698
Cia Cervecerias Unidas SA, ADR	1,534		54,211
Compania de Telecomunicaciones de Chile
SA, SADR	7,854		66,759
Corpbanca SA, SADR	1,012		35,217
Distribucion y Servicio D&S SA, ADR	2,622		64,606
Embotelladora Andina SA, ADR, Series A	1,498		27,578
Embotelladora Andina SA, ADR, Series B	1,729		36,309
Empresa Nacional de Electricidad SA, ADR	6,553		320,442
Enersis SA, SADR	15,663		276,922
Inversiones Aguas Metropolitanas SA, ADR (g)	1,355		35,298
Lan Airlines SA, SADR	5,840		82,461
Madeco SA, SADR	1,566		17,790

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

166

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chile (continued)
Masisa SA	3,424	$	36,979
Sociedad Quimica y Minera de
Chile SA, ADR, B Shares	7,220		168,804
Vina Concha Y Toro SA, ADR	908		33,378
			1,603,286
China - 1.29%
Air China, Ltd., Class H	76,534		65,558
Aluminum Corp. of China, Ltd.	95,220		154,359
Angang New Steel Company, Ltd. Class H	31,547		72,914
Bank of China, Ltd. (a)	688,100		297,411
Bank of Communications Company, Ltd.,
Class H	182,121		215,403
Beijing Capital International Airport Company,
Ltd., Class H	42,789		39,233
Beijing Datang Power Generation
Company, Ltd., Class H	88,864		47,871
BYD Company, Ltd., H Shares (a)	19,205		35,488
Chaoda Modern Agriculture Holdings, Ltd. (a)	54,750		62,469
China Communications Services Corp., Ltd.,
H Shares *	42,000		28,751
China Construction Bank (a)	746,382		559,902
China Life Insurance Company, Ltd.	213,624		742,136
China Mengniu Dairy Company, Ltd.	28,502		83,240
China Merchants Bank Company, Ltd.	39,000		137,242
China Oilfield Services, Ltd., H Shares	20,000		33,157
China Petroleum & Chemical Corp., Class H	507,970		438,763
China Shipping Container Lines Company, Ltd.	102,473		39,217
China Shipping Development Company, Ltd.,
Class H	38,432		122,671
China Telecom Corp., Ltd.	417,604		264,007
China Travel International Investment
Hong Kong, Ltd. (a)	92,291		37,632
COSCO Holdings	81,296		200,572
Country Garden Holdings Company, Ltd. * (a)	101,000		87,512
Dongfeng Motor Group Company, Ltd.	89,220		40,420
Foxconn International Holdings, Ltd. *	61,000		82,863
Guangdong Investment, Ltd.	75,220		37,688
Guangshen Railway Company, Ltd., Class H	40,789		21,406
Guangzhou R&F Properties Company, Ltd., H
Shares	31,200		83,269
Huadian Power International Corp., Ltd.,
Class H (a)	42,789		10,777
Huaneng Power International, Inc., Class H	93,436		71,347
Hunan Non Ferrous Metal Corp., Ltd. (a)	38,000		14,869
Industrial & Commercial Bank of China, Ltd.	878,400		618,608
Jiangsu Expressway, Ltd.	33,145		30,029
Jiangxi Copper Company, Ltd., Class H	41,075		78,863
KWG Property Holding, Ltd. *	20,000		17,113
Lenovo Group, Ltd.	105,436		68,832
Maanshan Iron & Steel Company, Ltd.	48,075		25,409
PetroChina Company, Ltd., Class H	574,261		716,789
PICC Property & Casualty Company, Ltd.,
Class H	79,220		72,800
Semiconductor Manufacturing
International Corp. *	386,088		26,995
Shanghai Electric Group Company, Ltd.	92,864		56,574
Shanghai Forte Land Company	32,789		12,314

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China (continued)
Shenzhen Expressway Company, Ltd. *	23,859	$	18,398
Shui On Land, Ltd.	48,000		45,532
Sinopec Shanghai Petrochemical
Company, Ltd., Class H	69,934		24,202
Sinopec Yizheng Chemical Fibre
Company, Ltd. *	48,075		10,118
Sinotrans, Ltd., Class H	42,610		12,432
Tingyi Cayman Islands Holding Corp., GDR	48,000		63,261
Tsingtao Brewery Company, Ltd., Series H	2,930		8,717
Weichai Power Company, Ltd.	4,643		17,441
Xinao Gas Holdings, Ltd., GDR	6,000		10,853
Yanzhou Coal Mining Company, Ltd., Class H	57,990		81,708
Zhejiang Expressway Company, Ltd., Class H	39,718		34,805
Zijin Mining Group, Ltd. *	128,411		124,223
ZTE Corp., Class H (a)	4,443		21,160
			6,325,323
Colombia - 0.03%
BanColombia SA, ADR	4,595		162,939
Czech Republic - 0.14%
CEZ AS	5,551		424,318
Komercni Banka AS	407		97,193
Philip Morris CR AS	18		8,108
Telefonica Czech Republic AS	3,019		96,943
Unipetrol AS *	1,942		31,559
Zentiva NV	613		37,099
			695,220
Denmark - 0.75%
A P Moller Maersk AS, Series A	8		89,001
A P Moller Maersk AS	33		370,264
Bang & Olufsen AS, Series B	343		21,473
Carlsberg AS, B Shares	948		121,588
Coloplast AS (a)	794		72,650
Dampskibsselskabet Torm AS, ADR	900		26,815
Danisco AS	1,419		103,902
Danske Bank AS (a)	12,402		459,327
Det Ostasiatiske Kompagni AS * (a)	214		18,800
DSV AS, ADR	6,370		139,899
FLS Industries AS, B Shares	1,183		117,778
GN Store Nord AS *	3,034		15,181
H. Lundbeck AS	790		19,815
Jyske Bank *	1,802		121,690
NKT Holding A/S	389		28,166
Novo Nordisk AS	13,460		926,252
Novozymes AS, B Shares	1,386		130,385
Rockwool International AS, B Shares	200		33,484
Sydbank AS	1,860		67,971
Topdanmark AS *	572		96,546
TrygVesta AS *	767		67,616
Vestas Wind Systems AS *	4,989		549,171
William Demant Holdings AS *	918		73,597
			3,671,371
Egypt - 0.14%
Alexandria Mineral Oils Company	452		6,472
Commercial International Bank *	4,353		73,495
Credit Agricole Egypt *	1,505		6,739

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

167

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Egypt (continued)
Egypt Kuwait Holding Company	13,048	$	57,495
Egyptian Company for Mobile Services	919		33,240
Egyptian Financial Group-Hermes Holding	4,582		47,210
Egyptian International Pharmaceutical
Industries Company	852		5,481
EL Ezz Aldekhela Steel Alexandria	72		19,460
El Ezz Steel Company	791		13,378
Medinet Nasr Housing	1,050		13,549
Misr Beni Suef Cement Company	341		7,064
Olympic Group Financial Investments	947		13,296
Orascom Construction Industries	2,122		160,166
Orascom Hotels & Development *	2,269		36,276
Orascom Telecom Holding SAE	13,000		176,953
Oriental Weavers	420		4,471
Telecom Egypt	8,967		33,153
			707,898
Finland - 1.36%
Amer Sports Oyj, A Shares	990		19,929
Cargotec Corp. Oyj, B Shares	1,048		51,614
Elisa Oyj, Class A	4,603		114,928
Fortum Corp. Oyj * (a)	13,007		530,644
KCI Konecranes Oyj	814		31,392
Kesko Oyj * (a)	2,031		105,120
Kone Corp. Oyj	4,456		183,068
Metra Oyj, B Shares	1,931		130,391
Metso Oyj	3,873		209,210
Neste Oil Oyj	3,691		129,079
Nokia AB Oyj	115,156		3,635,520
Nokian Renkaat Oyj	3,230		138,364
OKO Bank PLC, Series A (a)	3,000		56,534
Orion Oyj, Series B (a)	2,469		53,509
Outokumpu Oyj (a)	3,613		164,488
Rautaruukki Oyj *	2,619		126,603
Sampo Oyj, A Shares	12,607		341,760
SanomaWSOY Oyj (a)	1,900		52,562
Stora Enso Oyj, R Shares (a)	16,853		194,887
TietoEnator Oyj (a)	984		24,297
UPM-Kymmene Oyj (a)	15,384		273,679
Uponor Oyj	666		15,661
YIT Oyj	3,679		104,544
			6,687,783
France - 7.27%
Accor SA	5,228		381,707
Aeroports de Paris	1,025		116,827
Air France KLM	3,724		104,765
Air Liquide	6,589		1,004,852
Alcatel-Lucent	61,805		353,684
Alstom	2,661		576,438
Atos Origin SA *	2,082		115,920
AXA Group SA	44,156		1,596,989
BNP Paribas SA	22,694		2,288,285
Bouygues SA	6,058		385,350
Cap Gemini SA	3,564		202,933
Carrefour SA	16,758		1,293,069
Casino Guich-Perrachon SA	1,224		146,720

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Christian Dior SA	727	$	80,581
Cie Generale de Geophysique-Veritas *	727		180,838
CNP Assurances SA	1,323		163,150
Compagnie de Saint-Gobain SA	7,664		626,361
Compagnie Generale des Etablissements
Michelin, Class B	3,906		409,057
Credit Agricole SA	18,901		584,378
Dassault Systemes SA	1,521		88,444
Eiffage SA	465		45,233
Electricite de France	2,845		247,477
Essilor International SA	5,424		354,482
Eurazeo	297		38,001
European Aeronautic Defence &
Space Company	8,834		209,125
France Telecom SA	51,262		1,722,166
Gaz de France	5,565		336,090
Gecina SA	396		58,978
Groupe DANONE	12,150		1,086,409
Hermes International SA	1,808		226,084
ICADE *	485		72,439
Imerys SA	845		77,427
JC Decaux SA	1,718		50,569
Klepierre SA	1,659		101,830
Lafarge SA	4,039		701,837
Lagardere S.C.A.	3,688		276,371
Legrand SA, ADR	1,122		35,217
L'Oreal SA	6,803		863,738
LVMH Moet Hennessy SA	6,907		768,388
M6-Metropole Television	1,932		43,018
Natixis, ADR	4,900		78,586
Neopost SA	989		110,851
Neuf Cegetel	744		41,439
PagesJaunes Groupe SA	3,352		59,712
Pernod-Ricard SA	5,022		517,428
Pinault-Printemps-Redoute SA	2,064		306,036
PSA Peugeot Citroen SA	4,053		314,549
Publicis Groupe SA	4,266		163,223
Renault Regie Nationale SA	5,106		565,184
Safran SA (a)	4,633		95,046
Sanofi-Aventis SA	28,763		2,157,305
Schneider Electric SA	6,107		788,912
SCOR SE	4,132		98,428
Societe BIC SA	665		41,007
Societe Des Autoroutes Paris-Rhin-Rhone	749		90,578
Societe Generale NV - New Shares *	2,655		255,477
Societe Generale	10,620		1,039,155
Societe Television Francaise 1	3,691		81,326
Sodexho Alliance	2,384		146,544
STMicroelectronics NV	18,012		191,813
Suez SA Strip VVPR *	3,544		56
Suez SA	28,136		1,844,233
Technip SA	2,913		226,913
Thales SA	2,442		158,057
Thomson SA	7,559		52,675
Total SA	60,254		4,463,850
Unibail-Rodamco, REIT	1,860		478,245
Valeo SA	2,170		86,131

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

168

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Vallourec SA	1,268	$	307,543
Veolia Environnement SA	9,918		692,110
Vinci SA, ADR	11,376		822,952
Vivendi SA	32,235		1,260,907
Wendel, ADR	419		52,570
Zodiac SA	1,048		51,456
			35,655,524
Germany - 6.30%
Adidas-Salomon AG	5,623		371,025
Allianz AG	12,645		2,500,361
Altana AG	707		14,884
Arcandor AG *	1,969		39,284
BASF AG	13,776		1,852,987
Bayer AG	20,373		1,631,801
Bayerische Motoren Werke (BMW) AG	4,679		257,959
Beiersdorf AG	2,269		190,738
Bilfinger Berger AG	1,040		89,406
Celesio AG	2,464		122,013
Commerzbank AG	17,516		547,672
Continental AG	4,293		436,961
DaimlerChrysler AG	26,188		2,238,459
Deutsche Bank AG	13,955		1,577,152
Deutsche Boerse AG	5,514		888,673
Deutsche Lufthansa AG	6,600		178,733
Deutsche Post AG, GDR	2,057		63,296
Deutsche Post AG	20,421		623,670
Deutsche Postbank AG	2,191		209,281
Deutsche Telekom AG	79,548		1,321,642
Douglas Holding AG	334		18,179
E.ON AG	17,402		3,219,822
Fraport AG, ADR	372		26,850
Fresenius Medical Care AG	5,195		261,434
Fresenius SE	1,034		86,155
GEA Group AG *	4,433		149,277
Heidelbergcement AG	303		51,982
Heidelberger Druckmaschinen AG	1,816		48,883
Henkel KGaA	2,496		106,042
Henkel KGaA	4,841		223,474
Hochtief AG	1,019		93,258
Hypo Real Estate Holding AG	5,947		154,356
Infineon Technologies AG *	20,151		141,119
IVG Immobilien AG	2,649		74,042
K&S AG	1,037		337,335
Linde AG	3,367		474,312
MAN AG	3,048		404,790
Merck & Company AG *	1,875		230,957
Metro AG	4,360		352,186
Muenchener Rueckversicherungs-
Gesellschaft AG	5,770		1,130,667
Premiere AG *	927		20,011
ProSieben Sat.1 Media AG	2,198		47,490
Puma AG	163		62,718
Q-Cells AG *	1,323		131,821
Qiagen AG *	2,250		46,546
Rheinmetall AG	1,015		71,649
RWE AG	12,481		1,534,159

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
Salzgitter AG	1,202	$	209,387
SAP AG	24,155		1,200,124
Siemens AG	24,013		2,604,229
Solarworld AG	2,258		107,809
Suedzucker AG	280		6,207
Thyssen Krupp AG	9,816		563,536
TUI AG *	6,275		161,083
Volkswagen AG	4,484		1,299,039
Wacker Chemie AG	199		40,773
Wincor Nixdorf AG	368		29,384
			30,877,082
Greece - 0.53%
Alpha Bank A.E.	11,018		365,638
Athens Stock Exchange SA (ASE)	1,250		29,732
Bank of Piraeus SA	8,775		270,159
Coca Cola Hellenic Bottling Company SA	5,040		235,407
EFG Eurobank Ergas SA	8,511		258,903
Folli-Follie SA	450		15,060
Greek Organization of Football Prognostics	6,920		246,799
Hellenic Petroleum SA	3,350		44,129
Hellenic Technodomiki Tev SA	2,030		24,826
Hellenic Telecommunications Organization SA	8,040		227,951
Motor Oil Hellas Corinth Refineries SA	1,390		29,313
National Bank of Greece SA	11,394		599,861
Public Power Corp.	3,250		142,178
Titan Cement Company SA	1,790		76,140
Viohalco SA	3,120		32,318
			2,598,414
Hong Kong - 2.87%
Agile Property Holdings, Ltd.	52,789		56,228
Alibaba.com, Ltd. * (a)(g)	31,100		65,376
Anhui Conch Cement Company, Ltd., Class H	12,930		89,484
ASM Pacific Technology, Ltd.	5,914		42,961
Bank of East Asia, Ltd. (a)	39,703		201,514
Beijing Enterprises Holdings, Ltd.	9,286		36,167
Belle International Holdings, Ltd., GDR	59,578		62,284
BOC Hong Kong Holdings, Ltd.	101,828		247,950
Brilliance China Automotive Holdings, Ltd. *	76,291		12,731
C C Land Holdings, Ltd. (a)	30,000		29,162
Cathay Pacific Airways, Ltd.	31,782		62,551
Cheung Kong Holdings, Ltd.	41,849		602,494
Cheung Kong Infrastructure Holdings, Ltd.	13,772		55,511
China Agri-Industries Holdings, Ltd. *	18,216		11,149
China BlueChemical, Ltd.	42,000		22,387
China CITIC Bank *	154,000		81,758
China Coal Energy Company, H Shares	50,000		88,424
China Communications
Construction Company , Ltd. (a)	131,800		296,196
China Eastern Airlines Corp., Ltd. *	59,361		30,345
China Everbright, Ltd. *	22,216		44,056
China High Speed Transmission Equipment
Group Company, Ltd. *	22,000		32,401
China Insurance International Holdings
Company, Ltd. *	20,000		45,833
China Merchants Holdings International
Company, Ltd.	34,053		163,486

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

169

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
China Mobile, Ltd.	180,530	$	2,712,411
China Molybdenum Company, Ltd. * (g)	33,000		36,654
China National Building Material Company,
Ltd.	26,000		62,254
China Overseas Land & Investment, Ltd.	111,079		205,278
China Resource Power Holdings, Ltd.	34,789		69,167
China Resources Enterprises, Ltd.	37,145		120,532
China Resources Land, Ltd. (a)	36,789		64,598
China Shenhua Energy Company, Ltd.	97,000		392,187
China Southern Airlines Company, Ltd. *	35,145		27,995
Chinese Estates Holdings, Ltd.	14,000		21,889
CITIC International Financial Holdings, Ltd. *	16,000		8,232
Citic Pacific, Ltd.	33,967		143,202
CITIC Resources Holdings, Ltd. *	46,000		16,866
CLP Holdings, Ltd.	36,289		300,285
CNOOC, Ltd.	458,280		673,964
CNPC Hong Kong, Ltd.	70,000		32,502
COFCO International, Ltd. *	18,216		10,335
Cosco Pacific, Ltd. (a)	35,145		69,704
Denway Motors, Ltd.	156,441		66,883
Esprit Holdings, Ltd.	29,015		352,266
Fosun International *	42,500		28,991
Fu Ji Food & Catering Services Holdings, Ltd.	7,400		12,535
Giordano International, Ltd.	611		248
Global Bio-Chem Technology
Group Company, Ltd.	39,145		15,099
Gome Electrical Appliances Holdings, Ltd.	32,573		75,218
Guangzhou Investment Company, Ltd.	90,507		18,844
Hang Lung Group, Ltd. (a)	12,000		57,355
Hang Lung Properties, Ltd.	58,326		209,434
Hang Seng Bank, Ltd.	21,219		386,319
Harbin Power Equipment Company, Ltd.	18,000		32,363
Henderson Investment, Ltd. *	14,000		1,703
Henderson Land Development Company, Ltd.	26,527		190,969
Hengan International Group Company, Ltd.,
GDR (a)	18,000		62,058
Hong Kong & China Gas Company, Ltd.	102,040		308,728
Hong Kong Aircraft Engineerg	1,600		26,544
Hong Kong Electric Holdings, Ltd. (a)	36,582		232,161
Hong Kong Exchange & Clearing, Ltd.	29,430		511,288
Hopewell Holdings, Ltd.	17,362		66,325
Hopson Development Holdings, Ltd., GDR (a)	20,000		31,240
Hutchison Telecommunications
International, Ltd. *	39,668		56,627
Hutchison Whampoa, Ltd.	59,377		563,616
Hysan Development Company, Ltd. (a)	12,670		35,705
Johnson Electronic Holdings, Ltd.	25		12
Kerry Properties, Ltd.	15,610		95,457
Kingboard Chemical Holdings, Ltd.	15,772		56,203
Lee & Man Paper Manufacturing, Ltd.	10,000		16,148
Li & Fung, Ltd.	63,971		238,377
Li Ning Company, Ltd. (a)	19,251		54,676
Lifestyle International Holdings, Ltd.	18,000		38,162
Link, REIT	53,971		120,263
Melco International Development	20,000		27,679
MTR Corp., Ltd.	35,556		123,051
New World Development Company, Ltd. (a)	63,169		155,383

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
Nine Dragons Paper Holdings, Ltd.	37,400	$	30,754
Noble Group, Ltd. (a)	24,000		38,722
NWS Holdings, Ltd.	10,000		33,991
Orient Overseas International, Ltd.	6,562		38,827
Pacific Basin Shipping, Ltd.	34,000		56,551
Parkson Retail Group, Ltd.	2,500		21,116
PCCW, Ltd.	109,208		68,397
Ping An Insurance Group Company of China,
Ltd.	44,145		315,965
Shanghai Industrial Holdings, Ltd.	13,930		53,018
Shangri-La Asia, Ltd.	34,296		93,508
Shenzhen Investment, Ltd.	44,146		18,923
Shimao Property Holdings, Ltd., GDR	44,000		80,041
Shougang Concord International Enterprises
Company, Ltd.	72,000		17,130
Shun Tak Holdings, Ltd.	30,000		39,918
Sino Land Company, Ltd.	33,522		73,296
Sinofert Holdings, Ltd. (a)	48,000		45,633
Sun Hung Kai Properties, Ltd.	37,611		589,559
Swire Pacific, Ltd., Class A	22,663		256,844
Techtronic Industries Company, Ltd. (a)	15		15
Television Broadcasting Company, Ltd.	8,181		44,885
Tencent Holdings, Ltd.	25,000		143,942
TPV Technology, Ltd.	30,789		18,326
Travelsky Technology, Ltd., Class H	20,572		15,360
Weiqiao Textile Company, Ltd.	15,251		19,747
Wharf Holdings, Ltd.	37,876		180,335
Wheelock and Company, Ltd.	12,000		33,420
Wing Hang Bank, Ltd.	4,596		70,262
Yue Yuen Industrial Holdings, Ltd. (a)	15,567		49,088
			14,064,006
Hungary - 0.17%
Gedeon Richter Rt.	489		101,080
Magyar Telekom Rt.	16,414		80,725
MOL Magyar Olaj & Gazipari Rt. (a)	2,103		274,713
OTP Bank Rt. (a)	9,304		383,849
			840,367
India - 1.19%
Bajaj Auto, Ltd., ADR (g)	1,056		17,688
Bajaj Finserv, Ltd. *	1,056		16,977
Bajaj Holdings and Investment, Ltd. *	1,056		16,977
Dr. Reddy's Laboratories, Ltd., ADR	5,375		77,830
Grasim Industries, Ltd., ADR * (g)	1,870		125,290
Hindalco Industries, Ltd., ADR * (g)	10,691		42,016
ICICI Bank, Ltd., SADR	16,149		616,730
Infosys Technologies, Ltd., ADR	21,164		757,036
Larsen & Toubro, Ltd., ADR (g)	1,342		101,551
Mahindra & Mahindra, Ltd., ADR	3,280		54,776
Ranbaxy Laboratories, Ltd., ADR	8,285		91,549
Reliance Capital, Ltd. * (g)	2,081		63,737
Reliance Communication, Ltd., ADR (g)	40,608		515,949
Reliance Energy, Ltd., ADR (g)	1,080		101,016
Reliance Industries, Ltd., GDR * (g)	20,644		2,374,060
Reliance Natural Resources, Ltd., ADR * (g)	18,650		92,786
Satyam Computer Services, Ltd., ADR	15,376		347,344
State Bank of India, Ltd., ADR	1,201		106,289

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

170

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
Tata Communications, Ltd., ADR	1,174	$	29,139
Tata Motors, Ltd., SADR	10,439		163,057
Wipro, Ltd., ADR	12,289		141,692
			5,853,489
Indonesia - 0.36%
Aneka Tambang Tbk PT	104,625		38,459
Astra Agro Lestari Tbk PT	12,658		35,855
Astra International Tbk PT	62,483		165,884
Bank Central Asia Tbk PT	377,774		134,314
Bank Danamon Indonesia Tbk PT	53,759		40,607
Bank Internasional Indonesia Tbk PT	556,000		28,258
Bank Mandiri Tbk PT	221,878		76,582
Bank Pan Indonesia Tbk PT *	166,573		11,682
Bank Rakyat Indonesia Tbk PT	169,501		117,009
Berlian Laju Tanker Tbk PT	64,000		14,306
Bumi Resources Tbk PT	540,780		367,990
Energi Mega Persada Tbk PT *	138,000		17,058
Gudang Garam Tbk PT	16,482		13,743
Indocement Tunggal Prakarsa Tbk PT	26,487		20,412
Indofood Sukses Makmur Tbk PT	122,905		31,322
Indosat Tbk PT, ADR	961		36,816
Indosat Tbk PT	28,500		22,019
International Nickel Indonesia Tbk PT	60,000		45,945
Kalbe Farma Tbk PT	159,571		17,081
Perusahaan Gas Negara Tbk PT	63,497		98,295
PT Telekomunikiasi Indonesia, ADR	4,330		181,600
Ramayana Lestari Sentosa Tbk PT	51,631		4,570
Semen Gresik Persero Tbk PT	44,140		24,184
Telekomunikasi Indonesia Tbk PT	146,000		154,011
Unilever Indonesia Tbk PT	43,500		32,798
United Tractors Tbk PT	40,968		56,209
			1,787,009
Ireland - 0.55%
Allied Irish Banks PLC - London	670		14,222
Allied Irish Banks PLC	23,589		502,951
Anglo Irish Bank Corp. PLC	11,677		156,018
Bank of Ireland	26,967		401,947
C&C Group PLC	223		1,391
CRH PLC - London	544		20,622
CRH PLC	14,506		550,464
DCC PLC	1,204		28,430
Elan Corp. PLC *	1,465		30,613
Elan Corp. PLC *	12,765		271,843
Experian Group, Ltd.	29,481		214,893
Greencore Group PLC - London	844		5,088
Greencore Group PLC	4,237		25,020
Iaws Group PLC - London	749		17,663
Iaws Group PLC	1,157		27,081
Irish Life & Permanent PLC - London	1,209		23,340
Irish Life & Permanent PLC	7,175		139,977
Kerry Group PLC	3,836		120,408
Kerry Group PLC - London	407		12,741
Kingspan Group PLC - London	247		3,349
Kingspan Group PLC	3,635		48,503
Paddy Power PLC - London	51		1,853

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Ireland (continued)
Ryanair Holdings PLC, SADR *	1,736	$	49,094
Smurfit Kappa Group PLC *	3,628		43,739
			2,711,250
Israel - 0.46%
Africa-Israel Investments, Ltd.	387		20,664
Aladdin Knowledge Systems, ADR *	245		4,662
Alvarion, Ltd., ADR *	814		5,901
Audio Codes, Ltd., ADR *	879		3,525
Bank Hapoalim, Ltd.	29,084		112,993
Bank Leumi Le-Israel, Ltd.	26,148		112,625
Bezek Israeli Telecommunications Corp., Ltd.	32,276		60,705
Cellcom Israel, Ltd.	1,140		35,830
Check Point Software Technologies, Ltd. *	5,274		118,138
Clal Insurance Enterprise Holdings, Ltd.	584		11,351
Delek Group, Ltd.	67		10,164
Discount Investment Corp.	733		18,966
Elbit Systems, Ltd.	722		39,908
Gazit Globe, Ltd.	736		7,134
Given Imaging Corp., ADR *	175		2,954
Harel Insurance Investments, Ltd.	238		11,830
ICL Israel Chemicals, Ltd.	15,268		214,987
IDB Development Corp., Ltd.	621		19,321
Israel Corp., Ltd. *	71		67,034
Israel Discount Bank, Ltd. *	11,922		29,097
Koor Industries, Ltd.	287		15,907
Makhteshim-Agam Industries, Ltd.	8,446		61,946
Migdal Insurance Holdings, Ltd.	8,348		12,143
Nice Systems, Ltd. *	1,578		45,238
Oil Refineries, Ltd.	28,998		25,971
Ormat Industries *	2,418		30,135
Partner Communications, Ltd.	2,403		54,168
RADWARE, Ltd., ADR *	437		4,466
Retalix, Ltd. *	309		4,326
Strauss-Elite, Ltd. *	739		10,756
Syneron Medical, Ltd., ADR *	692		10,069
Teva Pharmaceutical Industries, Ltd.	22,721		1,055,370
United Mizrahi Bank, Ltd.	3,253		25,568
			2,263,852
Italy - 2.72%
A2A SpA	11,870		43,646
Alleanza Assicuraz SpA	11,078		144,834
Assicurazioni Generali SpA	29,525		1,328,872
Autogrill SpA	3,019		45,102
Autostrade SpA	6,788		205,460
Banca Carige SpA	6,115		24,086
Banca Intesa SpA - Non convertible	23,848		157,135
Banca Monte dei Paschi Siena SpA	28,953		128,318
Banca Popolare di Milano SpA	10,841		119,143
Banche Popolari Unite SpA	16,524		423,730
Banco Popolare Scarl *	19,126		317,119
Bulgari SpA	4,306		49,946
Enel SpA	121,211		1,287,208
Eni SpA	73,324		2,495,894
Fiat SpA	19,842		459,760
Finmeccanica SpA	8,446		287,585

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

171

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Fondiaria-Sai SpA	1,627	$	67,450
IFIL - Investments SpA	4,797		38,732
Intesa Sanpaolo SpA	216,012		1,523,986
Italcementi SpA, RNC	1,147		16,646
Italcementi SpA	1,850		37,575
Lottomatica SpA	1,866		58,100
Luxottica Group SpA	3,304		83,171
Mediaset SpA	20,583		190,739
Mediobanca SpA (a)	13,982		287,032
Mediolanum SpA	7,539		46,219
Parmalat SpA	44,971		172,870
Pirelli & Company SpA *	64,952		56,893
Prysmian SpA *	3,710		79,252
Saipem SpA	3,714		150,563
Seat Pagine Gialle SpA	67,426		11,660
Snam Rete Gas SpA	25,207		160,414
Telecom Italia SpA	297,983		621,155
Telecom Italia SpA-RNC	172,405		284,877
Terna SpA	34,112		145,666
UniCredito Italiano SpA	262,585		1,759,375
Unipol Gruppo Finanziario SpA, ADR	7,175		22,309
			13,332,522
Japan - 14.48%
Access Company, Ltd. * (a)	6		21,499
Acom Company, Ltd. (a)	1,197		31,908
Aderans Company, Ltd. (a)	483		8,945
Advantest Corp. (a)	5,080		133,278
AEON Company, Ltd. (a)	18,704		225,360
AEON Credit Service Company, Ltd. (a)	1,877		25,285
Aeon Mall Company, Ltd.	1,400		39,305
Aiful Corp.	1,727		27,617
Aioi Insurance Company, Ltd. (a)	6,000		33,625
Aisin Seiki Company	5,079		191,548
Ajinomoto Company, Inc. (a)	17,305		176,271
Alfresa Holdings Corp.	724		57,452
All Nippon Airways Company, Ltd. (a)	17,715		78,279
Alps Electric Company, Ltd. (a)	5,138		51,443
Amada Company, Ltd.	9,829		75,249
Aoyama Trading Company, Ltd.	2,142		46,382
Aozora Bank, Ltd.	6,000		17,934
Asahi Breweries, Ltd.	10,701		220,969
Asahi Glass Company, Ltd. (a)	27,191		301,687
Asahi Kasei Corp.	33,963		178,605
ASATSU-DK, Inc. (a)	248		8,864
Asics Corp. (a)	5,000		58,086
Astellas Pharmaceuticals, Inc.	13,869		544,683
Autobacs Seven Company, Ltd.	853		23,498
Bank of Kyoto, Ltd. (a)	9,000		110,473
Benesse Corp.	1,854		87,491
Bridgestone Corp. (a)	17,553		302,868
Brother Industries, Ltd. (a)	2,600		27,019
Canon Sales Company, Inc. (a)	2,000		37,837
Canon, Inc. (a)	29,574		1,379,432
Casio Computer Company, Ltd. (a)	7,133		105,941
Central Glass Company, Ltd. (a)	886		3,490
Central Japan Railway Company, Ltd.	42		436,374

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Chiba Bank, Ltd.	22,896	$	156,709
Chiyoda Corp. (a)	5,000		45,735
Chubu Electric Power Company, Inc. (a)	17,977		451,072
Chugai Pharmaceutical Company, Ltd. (a)	8,316		94,310
Chugoku Electric Power Company, Inc.	3,300		73,805
Circle K Sunkus Company, Ltd. (a)	612		10,468
Citizen Watch Company, Ltd. (a)	10,135		86,517
Coca-Cola West Japan Company, Ltd.	1,777		43,091
COMSYS Holdings Corp.	2,943		25,727
Cosmo Oil Company, Ltd. (a)	12,000		38,026
Credit Saison Company, Ltd.	3,991		111,990
CSK Corp. (a)	1,790		41,692
Dai Nippon Printing Company, Ltd.	16,953		271,009
Daicel Chemical Industries, Ltd.	6,534		33,907
Daido Steel Company, Ltd. (a)	8,000		41,673
Daihatsu Motor Company, Ltd. (a)	1,000		12,081
Daiichi Sankyo Company, Ltd.	19,272		571,730
Daikin Industries, Ltd. (a)	7,115		310,110
Dainippon Ink & Chemicals, Inc.	15,010		47,484
Dainippon Screen Manufacturing
Company, Ltd. (a)	238		1,007
Daito Trust Construction Company, Ltd. (a)	2,319		119,704
Daiwa House Industry Company, Ltd.	13,715		136,942
Daiwa Securities Group, Inc.	35,251		307,856
Denki Kagaku Kogyo Kabushiki Kaisha	16,477		52,413
Denso Corp.	13,322		434,304
Dentsu, Inc. (a)	60		137,778
Dowa Mining Company, Ltd.	8,534		51,399
E-Access, Ltd.	23		14,275
East Japan Railway Company	94		783,825
Ebara Corp. (a)	11,534		35,463
Eisai Company, Ltd. (a)	7,252		249,692
Electric Power Development Company, Ltd.	3,900		141,424
Elpida Memory, Inc. *	3,100		104,568
Familymart Company, Ltd.	1,860		67,461
Fanuc, Ltd.	5,279		506,435
Fast Retailing Company, Ltd. (a)	1,666		148,481
Fuji Electric Holdings Company, Ltd.	19,420		79,432
Fuji Heavy Industries, Ltd.	5,000		21,164
Fuji Photo Film Company, Ltd.	13,467		481,348
Fuji Software ABC, Inc. (a)	418		7,857
Fuji Television Network, Inc.	11		16,325
Fujikura, Ltd. (a)	9,477		43,107
Fujitsu, Ltd.	49,621		328,166
Fukuoka Financial Group, Inc.	23,000		120,614
Furukawa Electric Company, Ltd.	17,362		56,620
Glory, Ltd. (a)	1,400		29,933
Goodwill Group, Inc. * (a)	40		5,193
Gunma Bank	11,477		82,715
Gunze, Ltd. (a)	5,238		22,176
Hakuhodo DY Holdings, Inc. (a)	570		34,333
Hankyu Department Stores (a)	2,591		17,458
Hankyu Hanshin Holdings, Inc. (a)	35,000		152,358
Haseko Corp.	26,000		38,743
Hikari Tsushin, Inc. (a)	700		20,793
Hino Motors, Ltd. (a)	7,886		52,613

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

172

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Hirose Electric Company, Ltd. (a)	983	$	111,196
Hitachi Cable, Ltd. (a)	6,591		24,820
Hitachi Capital Corp.	707		8,505
Hitachi Chemical, Ltd. (a)	2,484		47,199
Hitachi Construction Machinery Company, Ltd. (a)	3,343		84,776
Hitachi High-Technologies Corp.	1,800		30,076
Hitachi Metals, Ltd. (a)	1,000		14,892
Hitachi, Ltd.	93,118		555,986
Hokkaido Electric Power Company, Inc.	5,568		129,836
Hokuhoku Financial Group, Inc.	34,134		103,384
Hokuriku Electric Power Company (a)	1,900		44,962
Honda Motor Company, Ltd.	43,262		1,249,609
House Food Corp. (a)	101		1,507
Hoya Corp.	11,892		280,983
Ibiden Company, Ltd. (a)	3,700		146,749
Idemitsu Kosan Company, Ltd. (a)	500		39,005
Inpex Holdings, Inc.	22		248,674
Isetan Company, Ltd.	5,462		62,975
Ishikawajima-Harima Heavy Industries
Company, Ltd. (a)	36,134		70,007
Isuzu Motors, Ltd. (a)	17,000		85,448
ITO EN, Ltd. (a)	1,706		30,379
Itochu Corp.	41,202		412,071
Itochu Techno-Science Corp. (a)	1,248		37,792
J Front Retailing Company, Ltd.	13,000		83,873
JAFCO Company, Ltd. * (a)	1,253		42,174
Japan Airlines System Corp. * (a)	26,953		70,284
Japan Petroleum Exploration Company, Ltd.	1,000		66,778
Japan Prime Realty Investment Corp., REIT	15		49,858
Japan Real Estate Investment Corp., REIT	11		129,089
Japan Retail Fund Investment Corp., REIT (a)	10		63,622
Japan Tobacco, Inc. (a)	125		625,312
JFE Holdings, Inc.	16,462		736,358
JGC Corp. (a)	5,886		90,329
Joyo Bank, Ltd.	18,953		96,946
JS Group Corp.	6,516		98,696
JSR Corp.	4,833		110,028
Kajima Corp.	24,191		69,479
Kamigumi Company, Ltd. (a)	4,534		36,239
Kaneka Corp. (a)	9,829		62,130
Kansai Electric Power Company, Ltd. (a)	21,178		529,868
Kansai Paint Company, Ltd. (a)	5,238		34,350
Kao Corp.	14,362		408,657
Kawasaki Heavy Industries, Ltd. (a)	39,963		89,791
Kawasaki Kisen Kaisha, Ltd.	16,067		157,710
KDDI Corp.	69		424,410
Keihin Electric Express Railway Company,
Ltd. (a)	11,067		75,554
Keio Electric Railway Company, Ltd. (a)	15,715		88,080
Keisei Electric Railway Company, Ltd.	9,000		48,664
Keyence Corp.	1,047		243,622
Kikkoman Corp.	4,238		52,640
Kinden Corp.	2,591		24,887
Kintetsu Corp. (a)	47,792		171,177
Kirin Brewery Company, Ltd.	22,896		436,445
KK DaVinci Advisors * (a)	33		25,620
Kobe Steel Company, Ltd.	77,517		223,488

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Kokuyo Company, Ltd.	2,431	$	21,020
Komatsu, Ltd. (a)	25,330		713,188
Komori Corp. (a)	1,295		27,170
Konami Corp. (a)	2,343		89,276
Konica Minolta Holdings, Inc.	12,891		177,351
Kose Corp.	600		13,049
Koyo Seiko Company, Ltd.	5,743		94,843
Kubota Corp.	31,782		198,130
Kuraray Company, Ltd.	10,300		123,792
Kurita Water Industries, Ltd.	3,319		123,885
Kyocera Corp. (a)	4,738		401,617
KYOWA HAKKO KOGYO COMPANY, LTD. (a)	5,611		53,851
Kyushu Electric Power Company, Inc.	10,931		268,214
Lawson, Inc. (a)	1,631		72,474
LeoPalace21 Corp. (a)	3,402		55,163
Mabuchi Motor Company, Ltd.	918		44,661
Makita Corp. (a)	3,543		111,807
Marubeni Corp.	44,202		325,243
Marui Company, Ltd. (a)	8,664		92,800
Matsui Securities Company, Ltd. (a)	2,000		11,382
Matsumotokiyoshi Holdings Company, Ltd. (a)	48		1,043
Matsushita Electric Industrial Company, Ltd. (a)	55,393		1,204,077
Matsushita Electric Works, Ltd. (a)	11,181		116,071
Mazda Motor Corp. (a)	10,000		35,807
Mediceo Holdings Company, Ltd. (a)	4,590		83,751
Meiji Dairies Corp. (a)	6,886		41,707
Meiji Seika Kaisha, Ltd.	1,534		7,841
Meitec Corp.	83		2,526
Millea Holdings, Inc.	20,900		777,664
Minebea Company, Ltd.	8,477		50,132
Mitsubishi Chemical Holdings Corp., ADR	33,500		223,123
Mitsubishi Corp.	37,656		1,152,123
Mitsubishi Electric Corp. (a)	52,973		462,600
Mitsubishi Estate Company, Ltd.	32,782		803,448
Mitsubishi Gas & Chemicals Company, Inc.	10,829		77,335
Mitsubishi Heavy Industries, Ltd. (a)	92,937		401,285
Mitsubishi Logistc Corp. (a)	2,943		38,126
Mitsubishi Materials Corp.	32,020		140,572
Mitsubishi Motors Corp. *	42,000		69,495
Mitsubishi Rayon Company, Ltd. (a)	18,010		58,139
Mitsubishi UFJ Financial Group, Inc.	244,600		2,139,718
Mitsubishi UFJ Lease & Finance
Company, Ltd.	1,000		34,974
Mitsui & Company, Ltd.	47,611		977,007
Mitsui Chemicals, Inc.	20,010		134,159
Mitsui Engineering & Shipbuilding
Company, Ltd. (a)	24,362		66,004
Mitsui Fudosan Company, Ltd. (a)	24,248		487,792
Mitsui Mining & Smelting Company, Ltd.	16,010		50,813
Mitsui O.S.K. Lines, Ltd. (a)	31,487		385,215
Mitsui Sumitomo Insurance Company, Ltd.	35,259		357,144
Mitsui Trust Holdings, Inc.	20,010		121,964
Mitsukoshi, Ltd.	10,829		42,227
Mitsumi Electric Company, Ltd. (a)	2,101		66,939
Mizuho Financial Group, Inc.	252		930,886
Mizuho Trust & Banking Company, Ltd.	9,000		13,023
Murata Manufacturing Company, Ltd. (a)	5,704		286,140

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

173

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Namco Bandai Holdings, Inc.	4,932	$	67,133
NEC Corp. (a)	59,383		229,955
NEC Electronics Corp. * (a)	1,148		22,381
NGK INSULATORS, LTD. (a)	7,829		140,046
NGK Spark Plug Company, Ltd. (a)	5,238		68,554
NHK Spring Company, Ltd.	3,000		21,426
NICHIREI Corp.	534		2,585
Nidec Corp.	2,914		179,816
Nikon Corp. (a)	9,181		245,725
Nintendo Company, Ltd.	2,808		1,469,158
Nippon Building Fund, Inc., REIT	13		165,663
Nippon Electric Glass Company, Ltd. (a)	10,000		157,048
Nippon Express Company, Ltd.	20,191		116,812
Nippon Kayaku Company, Ltd.	3,591		21,972
Nippon Light Metal Company, Ltd.	124		188
NIPPON MEAT PACKERS, Inc. (a)	5,238		77,755
Nippon Mining Holdings, Inc.	26,368		141,712
Nippon Oil Corp. (a)	35,906		226,455
Nippon Paper Group, Inc. (a)	30		71,896
Nippon Sheet Glass Company, Ltd. (a)	18,829		84,502
Nippon Shokubai Company, Ltd.	3,591		23,911
Nippon Steel Corp. (a)	161,464		825,535
Nippon Telegraph & Telephone Corp.	144		623,750
Nippon Yusen Kabushiki Kaisha	32,077		304,146
Nippon Zeon Company (a)	3,591		16,203
NIPPONKOA Insurance Company, Ltd.	8,000		61,712
Nishimatsu Construction Company, Ltd.	7,886		16,940
Nishi-Nippon City Bank, Ltd.	18,000		47,665
Nissan Chemical Industries, Ltd.	5,238		55,810
Nissan Motor Company, Ltd. (a)	62,310		522,394
Nisshin Seifun Group, Inc.	4,886		52,626
Nisshin Steel Company	22,953		80,210
Nisshinbo Industries, Inc.	4,591		43,112
Nissin Food Products Company, Ltd. (a)	2,384		80,453
Nitori Company, Ltd. (a)	1,132		64,301
Nitto Denko Corp.	4,468		189,976
NOK Corp. (a)	3,008		61,952
Nomura Holdings, Inc.	49,093		739,076
Nomura Real Estate Holdings, Inc.	1,300		21,834
Nomura Real Estate Office Fund, Inc.	6		48,877
Nomura Research Institute, Ltd. (a)	3,389		89,188
NSK, Ltd. (a)	13,715		104,371
NTN Corp. (a)	11,772		81,020
NTT Data Corp. (a)	36		158,503
NTT DoCoMo, Inc.	453		690,697
NTT Urban Development Corp. (a)	37		53,677
Obayashi Corp. (a)	14,362		60,831
OBIC Company, Ltd. (a)	210		37,463
Odakyu Electric Railway Company, Ltd. (a)	15,305		113,936
Oji Paper Company, Ltd. (a)	25,191		114,362
Oki Electric Industry Company, Ltd. * (a)	15,362		29,854
Okuma Holdings, Inc. (a)	4,000		43,378
Okumura Corp. (a)	2,886		14,715
Olympus Optical Company, Ltd. (a)	6,534		198,816
Omron Corp.	6,539		135,499
Ono Pharmaceutical Company, Ltd. (a)	1,100		53,733

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Onward Kashiyama Company, Ltd. (a)	4,591	$	47,095
Oracle Corp. - Japan (a)	1,048		48,760
Oriental Land Company, Ltd. (a)	1,107		65,122
Orix Corp.	2,504		345,342
Osaka Gas Company, Ltd.	60,155		241,633
Otsuka Corp. (a)	400		33,935
Pioneer Electronic Corp. (a)	3,979		39,956
Promise Company, Ltd. (a)	2,381		68,866
Q.P. Corp.	13		135
Rakuten, Inc. (a)	170		102,375
Resona Holdings, Inc. (a)	164		275,142
Ricoh Company, Ltd.	19,601		324,294
Rinnai Corp. (a)	48		1,580
Rohm Company, Ltd. (a)	2,673		167,066
Round One Corp.	11		11,519
Ryohin Keikaku Company, Ltd. (a)	89		5,192
Sanken Electric Company, Ltd.	2,943		17,323
SANKYO Company, Ltd.	1,407		83,960
Santen Pharmaceutical Company, Ltd. (a)	2,200		51,323
Sanwa Shutter Corp.	238		1,041
Sanyo Electric Company, Ltd. * (a)	51,849		110,408
Sapporo Hokuyo Holdings, Inc.	8		56,290
Sapporo Holdings (a)	8,534		70,430
SBI E*Trade Securities Compnay, Ltd.	48		41,966
SBI Holdings, Inc. (a)	316		76,464
Secom Company, Ltd. (a)	5,610		276,040
SEGA SAMMY HOLDINGS, INC.	5,808		61,889
Seiko Epson Corp. (a)	3,878		104,505
Seino Transportation Company, Ltd. (a)	3,591		23,491
Sekisui Chemical Company, Ltd. (a)	12,772		77,717
Sekisui House, Ltd. (a)	15,362		143,515
Seven & I Holdings Company, Ltd. (a)	22,319		566,444
Sharp Corp.	27,782		476,848
Shikoku Electric Power Company, Inc. (a)	2,100		62,614
Shimachu Company, Ltd.	177		5,349
Shimamura Company, Ltd. (a)	624		53,664
Shimano, Inc. (a)	2,131		99,065
Shimizu Corp.	16,305		75,594
Shin-Etsu Chemical Company, Ltd.	11,589		603,448
Shinko Electric Industries Company, Ltd.	2,000		22,742
Shinko Securities Company, Ltd. *	14,000		41,101
Shinsei Bank, Ltd.	23,906		78,952
Shionogi & Company, Ltd.	7,477		128,588
Shiseido Company, Ltd. (a)	9,477		252,322
Shizuoka Bank, Ltd. (a)	14,658		174,177
Showa Denko K.K. (a)	34,839		117,641
Showa Shell Sekiyu K.K.	5,545		56,498
SMC Corp.	1,636		173,802
SOFTBANK Corp. * (a)	21,512		394,228
Sojitz Holdings Corp.	30,209		101,112
Sompo Japan Insurance, Inc. (a)	23,896		213,053
Sony Corp.	27,758		1,116,472
Sony Financial Holdings, Inc. (a)	28		113,644
Square Enix Company, Ltd. (a)	1,000		35,088
Stanley Electric Corp. (a)	4,792		118,018
Sumco Corp.	3,300		72,776

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

174

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Sumitomo Bakelite Company, Ltd. (a)	238	$	1,211
Sumitomo Chemical Company, Ltd.	43,554		281,134
Sumitomo Corp.	30,634		408,316
Sumitomo Electric Industries, Ltd.	21,301		272,296
Sumitomo Heavy Industries, Ltd.	18,010		117,473
Sumitomo Metal Industries, Ltd.	112,423		430,726
Sumitomo Metal Mining Company, Ltd. (a)	15,715		296,669
Sumitomo Mitsui Financial Group, Inc.	182		1,208,991
Sumitomo Osaka Cement Company, Ltd.	11,477		26,867
Sumitomo Realty &
Development Company, Ltd. (a)	11,124		198,181
Sumitomo Rubber Industries, Inc.	6,300		48,510
Sumitomo Titanium Corp.	600		37,454
Sumitomo Trust & Banking Company, Ltd.	32,554		225,609
Suruga Bank, Ltd.	4,886		62,181
Suzuken Company, Ltd.	2,077		85,707
Suzuki Motor Corp. (a)	4,600		117,004
T&D Holdings, Inc. (a)	5,659		300,114
TAIHEIYO CEMENT CORP. (a)	24,191		58,924
Taisei Corp. (a)	32,134		82,596
Taisho Pharmaceuticals Company, Ltd. (a)	4,238		84,336
Taiyo Nippon Sanso Corp. (a)	7,181		58,142
Taiyo Yuden Company, Ltd. (a)	2,943		28,959
Takara Holdings, Inc.	591		4,096
Takashimaya Company, Ltd. (a)	9,181		103,970
Takeda Pharmaceutical Company, Ltd.	23,351		1,172,268
Takefuji Corp. (a)	3,444		72,976
Tanabe Seiyaku Company, Ltd. (a)	7,000		81,531
TDK Corp.	3,632		216,234
Teijin, Ltd.	26,896		114,032
Terumo Corp. (a)	4,597		241,965
The 77th Bank, Ltd.	8,477		47,816
The Bank of Yokohama, Ltd. (a)	35,316		241,659
The Hachijuni Bank, Ltd.	11,000		70,478
The Hiroshima Bank, Ltd.	13,000		63,264
The Japan Steel Works, Ltd. (a)	9,000		154,926
The Tokyo Electric Power Company, Ltd.	34,433		926,236
THK Company, Ltd. (a)	4,119		71,495
TIS, Inc.	983		19,825
Tobu Railway Company, Ltd. (a)	22,248		119,389
Toda Corp. (a)	238		988
Toho Company, Ltd. (a)	2,467		57,929
Toho Titanium Company, Ltd. (a)	900		23,220
Tohoku Electric Power Company, Inc.	12,520		306,455
Tokai Rika Company, Ltd.	1,700		44,664
Tokuyama Corp. (a)	6,000		44,063
Tokyo Broadcasting Company, Ltd.	1,148		27,706
Tokyo Electron, Ltd.	5,068		310,617
Tokyo Gas Company, Ltd.	65,165		265,597
Tokyo Seimitsu Company, Ltd. (a)	900		16,649
Tokyo Steel Manufacturing Company, Ltd. (a)	3,200		43,964
Tokyo Tatemono Company, Ltd. (a)	9,000		59,825
Tokyu Corp.	31,134		158,826
Tokyu Land Corp.	12,829		81,703
TonenGeneral Sekiyu K.K. (a)	7,829		67,290
Toppan Printing Company, Ltd. (a)	16,010		187,225

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Toray Industries, Inc. (a)	37,611	$	246,516
Toshiba Corp. (a)	86,289		579,924
Tosoh Corp.	13,772		47,858
Toto, Ltd. (a)	6,829		64,994
Toyo Seikan Kaisha, Ltd. (a)	3,691		70,661
Toyo Suisan Kaisha, Ltd.	2,295		34,490
Toyobo Company, Ltd.	67		141
Toyoda Gosei Company, Ltd.	1,966		74,798
Toyota Boshoku Corp. (a)	1,600		48,332
Toyota Industries Corp.	5,210		186,584
Toyota Motor Corp.	75,753		3,827,634
Toyota Tsusho Corp.	6,500		139,601
Trend Micro, Inc. (a)	2,767		109,197
Ube Industries, Ltd.	25,963		84,788
UNI Charm Corp. (a)	1,042		76,494
UNY Company, Ltd. (a)	4,238		40,679
Urban Corp.	3,900		16,876
Ushio, Inc.	2,343		44,372
USS Company, Ltd.	787		54,837
Wacoal Corp. (a)	943		14,006
West Japan Railway Company, Ltd.	50		221,412
Yahoo Japan Corp. (a)	404		212,322
Yakult Honsha Company, Ltd. (a)	3,043		94,782
Yamada Denki Company, Ltd.	2,504		218,317
Yamaha Corp.	4,774		92,195
Yamaha Motor Company, Ltd. (a)	5,209		96,809
Yamato Kogyo Company, Ltd.	800		32,598
Yamato Transport Company, Ltd.	11,420		167,822
Yamazaki Baking Company, Ltd. (a)	2,591		24,718
YASKAWA Electric Corp. (a)	7,000		67,032
Yokogawa Electric Corp. (a)	5,686		57,762
			70,984,337
Luxembourg - 0.56%
ArcelorMittal	26,229		2,145,249
Millicom International Cellular SA, ADR *	932		89,006
SES, ADR	4,037		85,314
Tenaris SA, ADR	8,220		409,767
			2,729,336
Malaysia - 0.45%
AirAsia BHD *	21,700		9,333
AMMB Holdings BHD	41,287		44,620
Berjaya Sports Toto BHD	22,700		36,684
British American Tobacco Malaysia BHD	3,500		46,563
Bursa Malaysia BHD	8,000		22,777
Commerce Asset Holdings	67,800		212,181
Digi.Com BHD *	3,900		29,828
DRB-Hicom BHD	16,200		6,468
Gamuda BHD	42,200		43,733
Genting BHD	49,500		102,030
Guinness Anchor BHD	3,700		6,313
Hong Leong Bank BHD	12,300		22,381
Hong Leong Credit BHD	5,600		7,804
IGB Corp. BHD	17,700		8,750
IJM Corp. BHD	13,950		26,700
IOI Corp. BHD	87,825		195,868

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

175

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia (continued)
IOI Properties BHD	1,000	$	3,735
KLCC Property Holdings BHD	11,300		10,367
KNM Group BHD	15,000		24,959
Kuala Lumpur Kepong BHD	11,350		57,778
Lafarge Malayan Cement BHD	9,360		12,456
Magnum Corp. BHD	22,500		23,741
Malayan Bank BHD	65,250		173,133
Malaysian Airline System BHD *	9,200		10,235
Malaysian Bulk Carriers BHD	3,500		4,707
Malaysian Pacific Industries BHD	2,300		6,319
Malaysian Plantations BHD	17,900		15,046
Malaysian Resources Corp. BHD *	10,700		4,591
Media Prima BHD	13,100		9,298
MISC BHD	29,800		85,850
MMC Corp. BHD	16,400		16,506
Mulpha International BHD *	20,300		5,796
Multi-Purpose Holdings BHD	6,600		3,863
Petronas Dagangan BHD	6,600		16,561
Petronas Gas BHD	13,100		41,084
PLUS Expressways BHD	38,500		38,659
POS Malaysia & Services Holdings BHD	8,100		4,778
PPB Group BHD	12,300		39,430
Proton Holdings BHD *	6,500		7,871
Public Bank BHD	28,000		95,760
Resorts World BHD	75,800		81,922
RHB Capital BHD	8,300		12,465
Scomi Group BHD	16,400		5,113
Shell Refining Company Federation
of Malaya BHD	1,600		5,465
Sime Darby BHD *	78,201		228,601
SP Setia BHD	23,100		27,009
Star Publications Malaysia BHD	5,300		5,678
TA Enterprise BHD	20,300		7,470
Tanjong PLC	5,700		30,051
Telekom Malaysia, BHD	27,600		91,876
Tenaga Nasional BHD	34,700		80,085
UEM World BHD	19,300		19,694
UMW Holdings BHD	10,600		20,090
YTL Corp. BHD	22,400		51,974
YTL Power International BHD	26,557		20,228
			2,222,277
Mexico - 1.04%
Alfa SA de CV	9,536		63,796
America Movil SA de CV (a)	541,460		1,724,695
Axtel SAB de CV, ADR *	16,700		35,933
Banco Compartamos SA de CV, ADR * (a)	6,600		29,302
Carso Global Telecom SAB de CV *	10,100		53,201
Carso Infraestructura y Construccion SA de
CV *	25,000		24,876
Cemex SA de CV *	211,126		555,451
Coca-Cola Femsa SA de CV	7,859		44,749
Consorcio ARA SA de CV (a)	11,140		11,346
Controladora Comercial Mexicana SA de CV	8,971		25,288
Corp. GEO SA de CV, Series B *	13,848		44,240
Desarrolladora Homex SA de CV *	5,000		48,625

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Mexico (continued)
Empresas ICA Sociedad
Controladora SA de CV *	11,000	$	65,383
Fomento Economico Mexicano SA de CV	63,065		262,979
Grupo Aeroportuario del Pacifico SA de CV,
B Shares	14,100		63,778
Grupo Aeroportuario del Sureste SA de CV	3,030		17,367
Grupo Bimbo SA de CV	8,888		53,448
Grupo Carso SA de CV	19,062		80,599
Grupo Elektra SA de CV *	2,100		57,913
Grupo Financiero Banorte SA de CV	38,757		167,879
Grupo Mexico SA	33,325		221,222
Grupo Modelo SA (a)	15,208		66,589
Grupo Televisa SA, SADR *	596		14,447
Grupo Televisa SA	70,243		339,904
Industrias Penoles SA de CV	2,750		82,427
Kimberly-Clark de Mexico SA de CV (a)	14,226		63,105
Telefonos de Mexico SA de CV	225,320		425,541
TV Azteca SA de CV * (a)	33,951		19,587
Urbi Desarrollos Urbanos SA de CV *	9,000		29,598
Wal-Mart de Mexico SA de CV, Series V (a)	91,775		391,064
			5,084,332
Netherlands - 2.05%
Aegon NV	41,765		612,879
Akzo Nobel NV	7,457		598,317
ASML Holding NV *	11,719		288,948
Corio NV	1,158		101,292
DSM NV	4,187		201,899
Fugro NV - CVA	1,405		109,197
Heineken Holding NV	1,524		76,675
Heineken NV	6,984		405,626
ING Groep NV	52,765		1,972,638
Koninklijke (Royal) KPN NV	53,715		906,794
Koninklijke (Royal) Philips Electronics NV	31,972		1,223,880
Koninklijke Ahold NV *	36,022		534,735
Oce NV	938		15,949
Randstad Holdings NV	1,323		61,954
Reed Elsevier NV	16,765		320,552
SBM Offshore NV	3,412		110,069
TNT Post Group NV	11,450		424,739
TomTom NV *	1,430		59,133
Unilever NV	48,113		1,619,649
Vedior NV	4,625		134,598
Wereldhave NV	267		32,906
Wolters Kluwer NV	8,315		220,495
			10,032,924
New Zealand - 0.10%
Auckland International Airport, Ltd.	27,201		48,864
Contact Energy, Ltd.	8,018		50,316
Fisher & Paykel Appliances Holdings, Ltd. (a)	6,971		12,905
Fisher & Paykel Healthcare Corp.	13,404		30,934
Fletcher Building, Ltd.	13,930		91,888
Kiwi Income Property Trust	22,915		21,810
Sky City Entertainment Group, Ltd.	13,069		37,946
Sky Network Television, Ltd.	5,411		20,418
Telecom Corp. of New Zealand, Ltd.	53,646		158,257

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

176

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
New Zealand (continued)
Vector, Ltd. (a)	6,952	$	9,408
			482,746
Norway - 0.77%
Acergy SA	5,996		128,940
Aker Kvaerner ASA *	5,105		116,934
Den Norske Bank ASA	20,401		311,456
Det Norske Oljeselskapb ASA *	10,500		18,874
Lighthouse Caledonia ASA *	688		566
Norsk Hydro ASA	20,922		306,504
Ocean Rig ASA *	2,365		18,195
Orkla ASA	24,683		314,045
Pan Fish ASA *	81,000		47,648
Petroleum Geo-Services ASA *	5,272		130,884
ProSafe ASA *	5,400		85,085
Renewable Energy Corp. ASA *	5,236		147,469
Schibsted ASA	671		20,143
Statoil ASA	38,072		1,142,196
Stolt-Nielsen SA	400		8,366
Storebrand ASA	12,585		99,755
Tandberg ASA	1,539		23,213
Telenor ASA	24,991		481,273
TGS Nopec Geophysical Company ASA *	1,500		21,852
Tomra Systems ASA	4,633		35,180
Yara International ASA	5,212		303,117
			3,761,695
Peru - 0.15%
Cia de Minas Buenaventura SA	2,895		198,287
Credicorp SA	2,108		150,743
Credicorp, Ltd., ADR	90		6,457
Minsur SA *	12,216		40,690
Southern Peru Copper Corp.	2,707		278,821
Volcan Compania Minera SA, CMN Series B	13,984		41,540
			716,538
Philippines - 0.09%
Ayala Corp.	3,880		36,765
Ayala Land, Inc.	163,200		42,060
Banco De Oro	8,886		11,100
Bank of the Philippine Islands	33,600		42,786
Filinvest Land, Inc. *	98,991		2,471
First Philippine Holdings Corp.	7,076		6,962
Globe Telecommunications, Inc.	830		30,005
Jollibee Foods Corp.	10,900		12,496
Manila Electric Company *	6,697		12,854
Megaworld Corp.	89,847		5,311
Metropolitan Bank & Trust Company	15,500		14,911
Petron Corp.	37,848		5,177
Philippine Long Distance Telephone Company	1,660		111,000
PNOC Energy Development Corp.	166,351		23,532
San Miguel Corp.	11,600		13,361
SM Investments Corp.	4,340		29,133
SM Prime Holdings, Ltd.	136,479		27,868
			427,792
Poland - 0.35%
Agora SA	1,161		22,178

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Poland (continued)
Bank BPH SA	252	$	10,237
Bank Millennium SA	8,639		32,369
Bank Pekao SA	3,039		271,256
Bank Zachodni WBK SA	639		53,242
Bioton SA *	37,285		13,689
Boryszew SA *	661		2,416
BRE Bank SA *	258		42,159
Cersanit-Krasnystaw SA *	2,113		25,046
Computerland SA	207		3,080
Debica SA	77		3,518
Echo Investment SA *	7,880		23,646
Getin Holding SA *	5,118		28,782
Globe Trade Centre SA *	3,523		59,880
Grupa Kety SA	127		6,895
Grupa Lotos SA	722		11,412
KGHM Polska Miedz SA	3,520		162,668
Orbis SA	867		22,698
PBG SA *	272		39,305
Polimex Mostostal SA	12,839		46,529
Polish Oil & Gas Company	34,491		76,174
Polska Grupa Farmaceutyczna SA	134		4,406
Polski Koncern Naftowy Orlen SA *	9,416		168,303
Powszechna Kasa Oszczednosci Bank
Polski SA	14,693		298,536
Prokom Software SA	154		8,859
Softbank SA	867		28,408
Telekomunikacja Polska SA	20,546		204,752
TVN SA	4,829		49,903
			1,720,346
Portugal - 0.27%
Banco BPI, SA	8,641		45,696
Banco Comercial dos Acores, SA	61,360		199,893
Banco Espirito Santo SA	5,675		98,721
Brisa Auto Estrada, SA	8,769		125,518
Cimpor-Cimentos De Portugal, SA (a)	6,693		60,700
Electricidade de Portugal SA	56,926		345,587
Jeronimo Martins, SGPS SA	5,015		40,333
Portugal Telecom, SGPS, SA	22,368		259,960
PT Multimedia.com, SGPS, SA	5,234		62,063
Sonae Capital *	2,989		6,512
Sonae Industria, SGPS SA *	1,620		11,257
Sonae, SGPS, SA	23,914		44,027
			1,300,267
Russia - 1.91%
AFK Sistema, Reg. S, Spons. GDR	3,109		99,845
Comstar United Telesystems, GDR *	5,644		58,980
JSC MMC Norilsk Nickel, ADR	23,510		661,806
Lukoil Oil Company, ADR	14,708		1,261,946
Mechel Steel Group, ADR	974		110,831
Mobile Telesystems, SADR	6,211		471,104
NovaTek OAO, ADR	2,414		194,732
Novolipetsk Steel, ADR	3,836		164,756
OAO Gazprom, SADR	71,355		3,639,105
OAO Gazprom, SADR	1,840		93,764
Polyus Gold Company ZAO, SADR	2,095		112,083

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

177

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Russia (continued)
RAO Unified Energy System, SADR	3,123	$	324,480
Rostelecom, ADR	2,023		145,656
Sberbank, ADR	2,607		815,991
Sibirtelecom, ADR	158		12,324
Surgutneftegaz, ADR *	4,433		211,321
Tatneft, ADR	2,024		263,120
UralsvyAzinform, ADR	1,479		15,529
VolgaTelecom, ADR	1,355		13,686
VTB Bank OJSC, GDR *	25,800		186,422
Vympel Communicatii, SADR	14,420		431,014
Wimm-Bill-Dann Foods OJSC, ADR	591		60,566
			9,349,061
Singapore - 0.83%
Allgreen Properties, Ltd. (a)	20,129		18,144
Ascendas, REIT *	31,395		55,056
Capitacommercial *	28,000		45,593
Capitaland, Ltd. *	46,725		218,375
CapitaMall Trust * (a)	29,291		74,126
Chartered Semiconductor Manufacturing, Ltd. *	430		228
City Developments, Ltd.	15,715		126,953
ComfortDelGro Corp., Ltd.	53,269		70,959
Cosco Corp. Singapore, Ltd.	24,000		65,159
DBS Group Holdings, Ltd.	31,316		412,380
Fraser and Neave, Ltd.	25,200		89,736
Genting International PLC * (a)	70,000		30,632
Haw Par Corp., Ltd.	2,613		13,147
Jardine Cycle and Carriage, Ltd.	3,826		54,774
Keppel Corp., Ltd.	29,810		217,004
Keppel Land, Ltd. (a)	11,124		45,267
Neptune Orient Lines, Ltd.	13,362		31,885
Olam International, Ltd. (a)	17,000		26,888
Oversea-Chinese Banking Corp., Ltd.	67,448		399,728
Parkway Holdings, Ltd. (a)	19,120		44,936
SembCorp Industries, Ltd.	27,415		81,734
SembCorp Marine, Ltd.	25,706		72,170
Singapore Airlines, Ltd.	15,880		180,683
Singapore Exchange, Ltd.	24,601		135,964
Singapore Land, Ltd.	2,591		12,895
Singapore Petroleum Company, Ltd.	3,000		14,840
Singapore Post, Ltd.	19,849		16,656
Singapore Press Holdings, Ltd.	45,059		151,242
Singapore Technologies Engineering, Ltd.	40,202		99,444
Singapore Telecommunications, Ltd.	219,430		628,100
SMRT Corp., Ltd. (a)	17,010		22,588
Suntec Real Estate Investment Trust *	191		202
United Overseas Bank, Ltd.	32,963		461,245
United Overseas Land, Ltd.	16,568		46,769
Venture Corp., Ltd. (a)	7,534		58,167
Wilmar International, Ltd. * (a)	12,000		36,818
Wing Tai Holdings, Ltd. (a)	6,772		10,858
Yanlord Land Group, Ltd. (a)	13,000		20,243
			4,091,588
South Africa - 1.23%
ABSA Group, Ltd. (a)	4,347		54,479
African Bank Investments, Ltd. (a)	17,699		58,174

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Africa (continued)
African Rainbow Minerals, Ltd.	3,286	$	91,091
Allan Gray Property Trust (a)	12,644		9,440
Anglo Platinum, Ltd.	2,090		306,725
AngloGold Ashanti, Ltd.	6,471		217,939
Aspen Pharmacare Holdings, Ltd. *	6,829		26,955
Aveng, Ltd.	10,687		76,464
AVI, Ltd.	4,027		7,861
Barloworld, Ltd.	6,212		82,701
Bidvest Group, Ltd. *	7,826		108,189
Discovery Holdings, Ltd., ADR	1		3
FirstRand, Ltd.	82,249		162,504
Foschini, Ltd.	6,113		29,005
Freeworld Coatings, Ltd. * (a)	6,212		6,741
Gold Fields, Ltd.	18,386		256,878
Grindrod, Ltd.	4,245		11,551
Harmony Gold Mining Company, Ltd. *	10,168		121,258
Hulamin, Ltd.	107		316
Impala Platinum Holdings, Ltd.	15,718		607,697
Imperial Holdings, Ltd. *	5,062		49,589
Investec, Ltd.	4,948		35,170
JD Group, Ltd.	5,346		24,149
Kumba Iron Ore, Ltd.	2,433		92,955
Kumba Resources, Ltd.	3,477		47,346
Lewis Group, Ltd. (a)	1,100		5,685
Liberty Group, Ltd. * (a)	3,638		32,976
Massmart Holdings, Ltd.	5,969		49,388
Metropolitan Holdings, Ltd.	7,103		11,742
Mittal Steel South Africa, Ltd.	5,794		140,600
MTN Group, Ltd.	43,707		664,408
Murray & Roberts Holdings, Ltd.	8,631		101,806
Nampak, Ltd. * (a)	7,028		14,232
Naspers, Ltd.	10,405		181,604
Nedbank Group, Ltd.	6,222		89,760
Network Healthcare Holdings, Ltd. *	37,390		39,469
Pick'n Pay Stores, Ltd.	6,260		22,025
Pretoria Portland Cement Company, Ltd. (a)	15,497		76,554
Remgro, Ltd.	6,698		162,028
Reunert, Ltd.	5,060		35,286
RMB Holdings, Ltd.	10,039		30,359
Sanlam, Ltd.	66,683		157,224
Sappi, Ltd.	6,291		71,768
Sasol, Ltd.	17,507		843,150
Shoprite Holdings, Ltd. (a)	12,856		60,169
Spar Group, Ltd.	2,241		13,432
Standard Bank Group, Ltd.	32,158		350,168
Steinhoff International Holdings, Ltd. *	29,777		66,485
Super Group, Ltd.	2,898		2,606
Telkom SA, Ltd.	8,779		142,159
Tiger Brands, Ltd.	4,907		80,927
Truworths International, Ltd. (a)	13,754		43,303
Woolworths Holdings, Ltd.	24,928		37,292
			6,011,785
South Korea - 2.61%
Amorepacific Corp. (a)	90		48,756
Asiana Airlines (a)	814		5,515
Cheil Communications, Inc.	40		9,649

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

178

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Cheil Industries, Inc. (a)	1,420	$	69,214
CJ CheilJedang Corp. *	210		46,836
Daegu Bank	3,940		53,101
Daelim Industrial Company	810		104,166
Daewoo Engineering & Construction
Company, Ltd.	4,550		99,565
Daewoo International Corp.	1,350		48,906
Daewoo Securities Company, Ltd. * (a)	3,570		79,245
Daewoo Shipbuilding & Marine Engineering
Company, Ltd. (a)	2,970		114,064
Daishin Securities Company, Ltd. * (a)	460		10,561
Daum Communications Corp. * (a)	103		7,731
DC Chemical Company, Ltd.	340		130,161
Dongbu Insurance Company, Ltd. *	990		38,218
Dongkuk Steel Mill Company, Ltd.	1,070		42,008
Doosan Corp. * (a)	230		44,616
Doosan Heavy Industries and Construction
Company, Ltd. (a)	900		121,427
Doosan Infracore Company, Ltd. (a)	2,090		70,019
GS Engineering & Construction Corp. (a)	1,110		163,804
GS Holdings Corp.	610		23,824
Hana Financial Group, Inc.	3,590		147,143
Hanjin Heavy Industries & Construction
Company, Ltd. (a)	1,043		66,160
Hanjin Heavy Industries & Construction
Holdings Company, Ltd. *	386		13,635
Hanjin Shipping Company, Ltd.	1,680		66,375
Hankook Tire Company, Ltd.	3,350		53,295
Hanmi Pharm Company, Ltd.	60		9,442
Hanwha Chem Corp. (a)	1,680		28,536
Hanwha Corp.	1,280		67,826
Hite Brewery Company, Ltd.	360		40,648
Honam Petrochemical Corp.	390		31,909
Hynix Semiconductor, Inc. * (a)	2,520		71,060
Hyosung Corp.	700		47,547
Hyundai Autonet Company, Ltd.	2,560		14,691
Hyundai Department Store Company, Ltd.	400		38,601
Hyundai Development Company	1,990		136,827
Hyundai Engineering & Construction
Company, Ltd.	1,380		120,255
Hyundai Heavy Industries (a)	1,250		470,337
Hyundai Marine & Fire
Insurance Company, Ltd. *	860		18,232
Hyundai Merchant Marine Company, Ltd. (a)	1,130		51,510
Hyundai Mipo Dockyard	380		85,637
Hyundai Mobis	1,720		134,550
Hyundai Motor Company, Ltd. (a)	4,460		356,170
Hyundai Securities Company, Ltd. * (a)	4,165		65,256
Hyundai Steel Company	1,460		102,644
Industrial Bank of Korea	2,110		31,267
Kangwon Land, Inc.	3,350		69,149
KCC Corp.	150		69,574
Kia Motors Corp. * (a)	5,990		69,178
Kookmin Bank, SADR	7,870		441,114
Kookmin Bank	1,500		84,191
Korea Electric Power Corp., ADR	12,176		183,127
Korea Electric Power Corp. (a)	1,060		32,114

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Korea Exchange Bank	7,290	$	97,452
Korea Gas Corp.	620		46,057
Korea Investment Holdings Company, Ltd. *	1,160		54,728
Korea Line Corp.	160		30,253
Korea Zinc Company, Ltd.	340		41,278
Korean Air Lines Company, Ltd. (a)	1,139		61,650
Korean Reinsurance Company, Ltd. *	795		8,108
KT Corp., SADR	6,342		150,623
KT Corp. (a)	690		32,803
KT Freetel Company, Ltd. * (a)	2,230		65,307
KT&G Corp.	3,110		244,265
Kumho Industrial Company, Ltd.	540		24,976
LG Chem, Ltd.	1,505		112,877
LG Corp.	1,210		91,408
LG Dacom Corp. (a)	1,000		18,946
LG Electronics, Inc. (a)	2,730		350,853
LG Fashion Corp., Ltd.	636		16,329
LG Household & Health Care, Ltd.	310		53,548
LG International Corp. (a)	843		16,953
LG Philips LCD Company, Ltd., ADR	2,360		52,699
LG Philips LCD Company, Ltd. (a)	1,600		71,444
LG Telecom, Ltd. (a)	3,558		28,133
Lotte Chilsung Beverage Company, Ltd.	10		9,389
Lotte Confectionery Company, Ltd.	20		25,621
Lotte Shopping Company, Ltd.	270		82,146
LS Cable, Ltd.	520		47,312
Mirae Asset Securities Company, Ltd. * (a)	554		78,216
NCSoft Corp. (a)	400		18,618
NHN Corp. *	1,144		268,642
Nong Shim Company, Ltd.	90		16,429
Orion Corp.	40		6,880
Pacific Corp.	20		2,431
Poongsan Corp.	730		12,782
POSCO	2,170		1,038,774
Pusan Bank	3,930		49,326
S1 Corp.	200		10,399
Samsung Card Company, Ltd.	950		45,026
Samsung Corp.	3,840		270,039
Samsung Electro-Mechanics Company, Ltd. (a)	1,870		102,376
Samsung Electronics Company, Ltd.	3,240		2,048,822
Samsung Engineering Company, Ltd.	1,000		93,216
Samsung Fine Chemicals Company, Ltd.	150		8,196
Samsung Fire & Marine
Insurance Company, Ltd. *	1,030		213,537
Samsung Heavy Industries Company, Ltd.	5,340		171,389
Samsung SDI Company, Ltd. *	1,070		84,315
Samsung Securities Company, Ltd. * (a)	1,660		122,521
Samsung Techwin Company, Ltd.	1,460		79,837
Shinhan Financial Group Company, Ltd.,
SADR *	475		50,146
Shinhan Financial Group Company, Ltd.	8,450		446,405
Shinsegae Company, Ltd.	430		271,572
SK Corp.	1,039		149,884
SK Energy Company, Ltd.	1,460		151,145
SK Telecom Company, Ltd., ADR	9,437		203,934
SK Telecom Company, Ltd.	60		11,358
S-Oil Corp.	1,400		89,303

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

179

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
STX Engine Company, Ltd.	370	$	17,405
STX Shipbuilding Company, Ltd.	1,300		48,627
Taihan Electric Wire Company, Ltd. (a)	580		31,389
Tong Yang Investment Bank *	2,376		39,397
Woongjin Coway Company, Ltd.	1,150		34,801
Woori Finance Holdings Company, Ltd.	3,320		58,131
Woori Investment & Securities Company, Ltd. * (a)	2,910		61,992
Yuhan Corp.	93		17,492
			12,809,296
Spain - 3.16%
Abertis Infraestructuras SA	7,729		251,712
Acciona SA	847		226,786
Acerinox SA (a)	4,702		130,326
ACS Actividades SA	6,252		355,954
Antena 3 de Television SA	2,131		29,270
Banco Bilbao Vizcaya Argentaria SA	105,501		2,319,991
Banco de Sabadell SA (a)	13,993		153,470
Banco Popular Espanol SA (a)	23,046		417,773
Banco Santander Central Hispano SA	176,449		3,515,209
Bankinter SA, ADR	3,826		60,708
Cintra Concesiones de Infraestructuras de
Transporte SA	5,536		81,932
Corporacion Mapfre SA	13,850		69,544
Fomento de Construcciones SA	1,443		95,082
Gamesa Corporacion Tecno SA	4,375		199,725
Gas Natural SDG SA	3,402		210,195
Gestevision Telecinco SA	2,959		60,217
Grupo Ferrovial SA	1,834		132,988
Iberdrola SA, GDR	19,152		371,358
Iberdrola SA	91,222		1,410,833
Iberia Lineas Aereas de Espana SA	12,537		54,593
Indra Sistemas SA	3,134		90,257
Industria de Diseno Textil SA	5,872		325,917
Promotora de Informaciones SA	2,061		31,021
Red Electrica De Espana	3,106		190,221
Repsol YPF SA	21,966		756,752
Sacyr Vallehermoso SA (a)	2,628		91,294
Sogecable SA *	1,564		68,613
Telefonica SA	121,273		3,484,415
Union Fenosa SA	3,091		207,793
Zardoya Otis SA	3,228		89,570
Zeltia SA *	4,277		31,336
			15,514,855
Sweden - 1.73%
Alfa Laval AB	2,401		146,106
Assa Abloy AB - Series B	9,099		165,197
Atlas Copco AB, Series A, ADR *	19,422		332,103
Atlas Copco AB, Series B, ADR *	11,201		176,001
Axfood AB	324		11,544
Boliden AB *	8,500		90,731
Castellum AB	2,020		24,668
D. Carnegie & Company AB *	869		14,633
Electrolux AB, Series B (a)	6,076		100,056
Elekta AB, Series B	1,079		18,696
Eniro AB	2,078		15,147

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Sweden (continued)
Ericsson LM, Series B	420,450	$	824,837
Fabege AB, ADR *	1,734		18,546
Getinge AB, Series B	4,781		124,189
Hennes & Mauritz AB, B shares	13,382		823,781
Holmen AB, Series B *	1,571		54,367
Husqvarna AB, B Shares	7,638		92,032
Investor AB, B shares *	6,600		148,659
Kungsleden AB	1,743		21,649
Lundin Petroleum AB, Series A *	7,205		97,867
Modern Times Group AB, Series B	1,185		82,731
Nobia AB *	1,800		15,568
Nordea Bank AB	58,802		953,773
Oriflame Cosmetics AB	534		35,499
Sandvik AB *	26,311		457,728
SAS AB *	2,554		23,569
Scania AB, Series B *	10,252		214,882
Securitas AB, B Shares	8,899		117,705
Securitas Systems AB	3,651		10,612
Skandinaviska Enskilda Banken AB, Series A *	12,467		326,620
Skanska AB, Series B	9,559		191,673
SKF AB, B Shares *	10,752		216,476
SSAB Svenskt Stal AB, Series A	5,222		147,074
SSAB Svenskt Stal AB, Series B	2,192		56,399
Svenska Cellulosa AB, ADR *	16,076		293,113
Svenska Handelsbanken AB, Series A	13,439		391,649
Swedbank AB, A shares	5,200		145,841
Swedish Match AB	7,653		167,134
Tele2 AB, Series B	7,740		146,415
Teliasonera AB	63,043		506,115
Trelleborg AB, Series B	954		19,045
Volvo AB, Series A *	12,590		187,578
Volvo AB, Series B *	31,320		474,541
Wihlborgs Fastigheter AB	640		14,631
			8,497,180
Switzerland - 5.30%
ABB, Ltd.	63,172		1,702,622
Actelion, Ltd. *	2,638		143,972
Adecco SA	4,055		234,242
Ciba Specialty Chemicals AG (a)	2,005		73,119
Compagnie Financiere
Richemont AG, Series A *	15,469		868,471
Credit Suisse Group AG	29,359		1,494,898
EFG International, ADR	1,094		37,466
Geberit AG, ADR	1,210		180,346
Givaudan AG	172		170,145
Holcim, Ltd.	5,928		622,640
Julius Baer Holding AG	3,032		223,806
Kudelski SA	1,029		15,110
Kuehne & Nagel International AG	1,500		150,350
Kuoni Reisen Holding AG, Series B	95		52,818
Lindt & Spruengli AG, ADR	22		73,054
Logitech International SA *	4,819		122,269
Lonza Group AG	1,416		187,854
Nestle SA	11,111		5,553,748
Nobel Biocare Holding AG, Series BR (a)	726		169,071
Novartis AG	66,422		3,408,380

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

180

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Switzerland (continued)
Pargesa Holding SA, ADR	323	$	36,016
Phonak Holding AG	1,314		120,987
PSP Swiss Property AG *	1,343		90,697
Rieter Holding AG	142		54,368
Roche Holdings AG - Genusschein	20,120		3,792,012
Schindler Holding AG	1,488		111,474
Societe Generale de Surveillance Holdings AG	126		181,441
Straumann Holding AG	197		56,311
Sulzer AG	104		137,494
Swatch Group AG, BR shares	994		266,163
Swatch Group AG	1,486		76,288
Swiss Life Holding *	1,036		288,132
Swiss Re	10,273		897,992
Swisscom AG	694		238,018
Syngenta AG *	2,884		842,545
Synthes AG	1,827		255,432
UBS AG	58,382		1,699,970
Unaxis Holding AG *	178		62,750
Zurich Financial Services AG	4,066		1,281,637
			25,974,108
Taiwan - 2.03%
Acer Sertek, Inc.	61,915		111,626
Advanced Semiconductor Engineering, Inc.	101,018		99,037
Advantech Company, Ltd.	6,300		14,927
Asia Cement Corp.	43,200		77,574
Asia Optical Company, Inc.	4,039		10,906
Asustek Computer, Inc.	81,432		239,875
AU Optronics Corp.	156,245		269,814
BenQ Corp. *	30,600		26,076
Catcher Technology Company, Ltd.	10,400		38,813
Cathay Financial Holdings Company, Ltd.	147,000		377,328
Cathay Real Estate Development
Company, Ltd.	22,000		19,623
Chang Hwa Commercial Bank, Ltd.	99,000		75,050
Cheng Shin Rubber Industry Company, Ltd.	16,050		32,763
Cheng Uei Precision Industry Company, Ltd.	6,300		13,998
Chi Mei Optoelectronics Corp.	97,760		129,379
China Airlines, Ltd.	30,895		17,987
China Development Financial Holdings Corp.	239,990		111,015
China Motor Company, Ltd.	13,065		12,685
China Steel Corp.	213,720		339,987
Chinatrust Finance Holding Company, Ltd. *	184,000		179,001
Chunghwa Picture Tubes, Ltd. *	164,000		50,379
Chunghwa Telecom Company, Ltd. *	121,818		321,589
CMC Magnetics Corp. *	65,000		21,486
Compal Communications, Inc.	5,250		9,380
Compal Electronics, Inc.	77,445		74,468
Compeq Manufactuing Company, Ltd.	23,000		7,639
Delta Electronics, Inc.	39,900		118,177
D-Link Corp.	13,056		21,632
E.Sun Financial Holding Company, Ltd. *	79,000		48,305
Epistar Corp.	9,965		27,986
Eternal Chemical Company, Ltd.	12,320		14,418
EVA Airways Corp. *	30,000		17,989
Evergreen Marine Corp.	25,000		24,778
Everlight Electronics Company, Ltd.	6,000		20,541

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Far Eastern Department Stores Company, Ltd.	16,000	$	26,650
Far Eastern Textile, Ltd.	69,010		116,896
Far EasTone Telecommunications Company,
Ltd.	16,159		27,615
Firich Enterprises Company, Ltd.	2,000		20,744
First Financial Holding Company, Ltd.	117,300		123,222
Formosa Chemicals & Fibre Corp.	75,000		195,283
Formosa Petrochemical Corp.	47,000		140,049
Formosa Plastic Corp.	103,000		312,859
Formosa Taffeta Company, Ltd.	18,000		20,459
Foxconn Technology Company, Ltd.	10,350		61,732
Fubon Group Company, Ltd.	96,000		109,266
Fuhwa Financial Holdings Company, Ltd. *	150,130		141,898
Gigabyte Technology Company, Ltd.	14,000		11,164
HannStar Display Corp. *	97,704		42,171
High Tech Computer Corp.	11,400		257,520
Hon Hai Precision Industry Company, Ltd.	128,424		739,362
Hua Nan Financial Holdings Company, Ltd.	88,000		81,327
InnoLux Display Corp.	51,673		138,105
Inotera Memories, Inc.	77,380		69,133
Inventec Appliances Corp.	5,250		10,480
Inventec Company, Ltd.	35,700		21,971
KGI Securities Company, Ltd.	57,000		43,081
Kinpo Electronics, Inc.	25,500		8,922
Kinsus Interconnect Technology Corp.	7,000		18,789
Largan Precision Company, Ltd.	3,060		32,018
Lite-On Technology Corp.	45,811		53,470
Macronix International Company, Ltd.	68,177		31,191
MediaTek, Inc.	21,050		279,607
Mega Financial Holding Company, Ltd.	228,000		179,883
Micro-Star International Company, Ltd.	18,016		15,502
Mitac International	24,822		22,592
Mosel Vitelic, Inc.	23,690		19,652
Motech Industries, Inc.	3,000		20,772
Nan Ya Plastics Corp.	128,000		319,561
Nan Ya Printed Circuit Board Corp.	5,132		24,590
Nanya Technology Corp.	54,587		32,631
Novatek Microelectronics Corp., Ltd.	11,219		41,225
Oriental Union Chemical Corp.	12,240		13,770
Pan-International Industrial Company, Ltd.	6,000		10,779
Phoenix Precision Technology Corp.	14,069		9,951
Polaris Securities Company, Ltd. *	54,118		38,913
Pou Chen Corp.	52,013		50,758
Powerchip Semiconductor Corp.	177,963		66,883
Powertech Technology, Inc.	10,350		37,482
President Chain Store Corp.	11,000		37,696
ProMOS Technologies, Inc.	146,000		35,973
Quanta Computer, Inc.	47,940		66,479
Realtek Semiconductor Corp.	10,500		31,435
Richtek Technology Corp.	2,000		16,004
Ritek Corp. *	53,000		13,850
Shin Kong Financial Holding Company, Ltd.	81,458		61,614
Siliconware Precision Industries Company	63,223		106,552
Sino-American Silicon Products, Inc.	4,000		28,066
SinoPac Holdings Company, Ltd.	138,000		65,716
Synnex Technology International Corp.	17,850		48,954

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

181

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Taishin Financial Holdings Company, Ltd. *	119,000	$	59,713
Taiwan Cellular Corp.	44,843		86,281
Taiwan Cement Corp.	65,740		128,606
Taiwan Cooperative Bank	31,000		30,615
Taiwan Fertilizer Company, Ltd.	17,000		75,025
Taiwan Glass Industrial Corp.	17,536		21,650
Taiwan Navigation Company, Ltd.	5,000		9,565
Taiwan Secom Company, Ltd.	6,000		12,387
Taiwan Semiconductor
Manufacturing Company, Ltd.	548,684		1,135,488
Tatung Company, Ltd. *	96,000		62,231
Teco Electric & Machinery Company, Ltd.	40,000		24,766
Transcend Information, Inc.	6,000		17,834
Tripod Technology Corp.	9,120		31,017
Tung Ho Steel Enterprise Corp.	16,000		30,215
U-Ming Marine Transport Corp.	10,000		30,404
Unimicron Technology Corp.	20,400		28,389
Uni-President Enterprises Corp.	68,900		103,085
United Microelectronics Corp.	322,788		196,640
Vanguard International Semiconductor Corp.	25,000		18,071
Via Technologies, Inc. *	23,000		13,073
Wafer Works Corp.	4,000		17,255
Walsin Lihwa Corp.	74,000		36,712
Wan Hai Lines, Ltd.	25,000		23,329
Waterland Financial Holding Company	36,720		14,542
Winbond Electronics Corp.	81,000		24,038
Wintek Corp.	21,000		19,081
Wistron Corp.	26,497		42,336
Ya Hsin Industrial Company, Ltd. *	22,000		0
Yageo Corp.	56,000		20,649
Yang Ming Marine Transport Corp.	28,223		22,290
Yieh Phui Enterprise Company, Ltd.	23,690		11,478
Yuen Foong Yu Paper Manufacturing
Company, Ltd.	28,280		12,758
Yulon Motor Company, Ltd.	17,253		25,129
Zinwell Corp.	5,000		12,913
Zyxel Communications Corp.	9,180		10,820
			9,936,883
Thailand - 0.26%
Advanced Info Service PCL	24,700		77,394
Airports of Thailand PCL	12,200		22,087
Bangkok Bank PCL, Foreign Shares	23,100		102,422
Bangkok Bank PCL	9,700		41,773
Bangkok Expressway PCL	7,000		4,513
Bank of Ayudhya PCL *	35,900		26,493
Banpu PCL, Reg.	4,100		56,126
BEC World PCL	25,900		23,445
C.P. Seven Eleven PCL	56,395		18,628
Central Pattana PCL	16,900		15,164
Electricity Generating PCL, Foreign Shares	3,900		12,201
Electricity Generating PCL	800		2,447
Glow Energy PCL	13,200		13,416
Hana Microelectronics PCL	16,000		9,401
IRPC PCL	214,900		39,247
Kasikornbank PCL - Foreign Shares	37,700		110,734
Kasikornbank PCL	4,900		14,080

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Thailand (continued)
Krung Thai Bank PCL	79,500	$	25,503
Land & Houses PCL, Foreign Shares	58,600		19,065
Land & Houses PCL	42,600		13,249
National Finance PCL	13,200		6,498
Precious Shipping PCL	12,200		9,416
PTT Aromatics & Refining PCL	29,486		35,353
PTT Chemical PCL	7,797		26,002
PTT Exploration & Production PCL	28,300		135,725
PTT PCL, Foreign Shares	20,600		206,752
Ratchaburi Electricity Generating Holding PCL	8,400		12,339
Siam Cement PCL, Foreign Shares	8,400		58,300
Siam Cement PCL	3,700		25,244
Siam City Cement PCL	1,800		13,035
Siam Commercial Bank PCL	22,500		64,674
Siam Makro PCL	1,700		5,399
Thai Airways International PCL	14,500		13,356
Thai Oil Public Company, Ltd.	10,500		23,344
True Corp. PCL *	48,000		7,775
			1,290,600
Turkey - 0.23%
Adana Cimento Sanayii Turk Anonim Sirketi,
Class A	511		2,410
Akbank AS	26,945		113,499
Akcansa Cimento AS	635		2,549
Aksigorta AS *	3,270		11,913
Anadolu Efes Biracilik Ve Malt Sanayii AS (a)	6,968		61,820
Arcelik AS	2,672		10,587
Asya Katilim Bankasi AS *	1,733		10,869
Aygaz AS	1,192		4,044
Cimsa Cimento Sanayi ve Ticaret AS	892		4,454
Dogan Sirketler Grubu Holdings AS *	16,382		16,504
Dogan Yayin Holding AS *	6,771		11,585
Eregli Demir ve Celik Fabrikalari TAS	13,052		91,762
Ford Otomotiv Sanayi AS	1,875		14,641
HACI Omer Sabanci Holdings, AS	13,936		43,481
Hurriyet Gazetecilik AS *	5,062		7,760
Is Gayrimenkul Yatirim Ortakligi AS *	2,702		2,071
KOC Holdings AS *	10,851		30,317
Migros Turk TAS	3,043		44,859
Petkim Petrokimya Holding AS *	2,188		10,703
Tofas Turk Otomobil Fabrik AS	3,340		10,728
Trakya Cam Sanayi AS	2,266		2,857
Tupras Turkiye Petrol Rafine AS	3,873		85,817
Turk Sise ve Cam Fabrikalari AS (a)	8,877		10,967
Turkcell Iletisim Hizmetleri AS	16,462		136,400
Turkiye Garanti Bankasi AS	31,458		142,236
Turkiye Halk Bankasi AS *	9,317		51,964
Turkiye Is Bankasi AS	28,878		107,447
Turkiye Vakiflar Bankasi Tao	22,351		40,894
Ulker Gida Sanayi ve Ticaret AS	2,099		4,182
Vestel Elektronik Sanayi ve Tracaret AS *	2,061		2,571
Yapi ve Kredi Bankasi AS *	19,550		38,056
			1,129,947
United Kingdom - 15.31%
3i Group PLC	10,364		170,754

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

182

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
AbitibiBowater, Inc. *	502	$	6,495
Aggreko PLC	2,861		36,667
AMEC PLC	8,624		123,867
Anglo American PLC	37,271		2,234,077
Antofagasta PLC	5,090		70,866
ARM Holdings PLC	36,227		63,271
Arriva PLC	2,310		31,464
Associated British Foods PLC	4,669		81,100
AstraZeneca Group PLC	40,523		1,520,019
Astro All Asia Networks PLC, GDR	12,500		13,717
Aviva PLC	74,529		913,832
BAE Systems PLC	96,934		934,724
Barclays PLC	184,209		1,661,880
Barratt Developments PLC	9,112		74,825
BBA Aviation PLC	3,915		11,697
Berkeley Group Holdings PLC *	2,430		53,776
BG Group PLC	94,673		2,193,703
BHP Billiton PLC	62,840		1,850,881
BICC PLC	10,335		96,753
Biffa PLC	3,657		25,312
Bovis Homes Group PLC	2,679		32,248
BP PLC	530,695		5,376,495
Britannic Group PLC	18,742		254,615
British Airways PLC *	17,780		82,704
British American Tobacco PLC	42,738		1,605,234
British Energy Group PLC	30,330		392,998
British Land Company PLC	15,160		276,118
British Sky Broadcasting Group PLC	31,409		347,281
Brixton PLC	1,728		11,317
BT Group PLC	221,418		955,902
Bunzl PLC	10,102		142,279
Burberry Group PLC	11,807		105,619
Cable & Wireless PLC	66,898		197,853
Cadbury Schweppes PLC	58,158		641,050
Capita Group PLC	15,673		211,174
Carnival PLC	4,177		166,448
Carphone Warehouse	11,366		64,374
Cattles PLC	3,763		17,297
Centrica PLC	105,260		623,648
Charter PLC *	1,914		32,292
Close Brothers Group PLC	1,164		14,264
Cobham PLC	32,858		130,424
Compass Group PLC	52,560		336,352
Cookson Group PLC	2,480		32,720
CSR PLC *	2,427		15,696
Daily Mail and General Trust PLC	8,321		71,453
Davis Service Group PLC	1,611		15,809
De La Rue PLC	1,670		29,412
Diageo PLC	73,637		1,490,176
Dixons Group PLC	55,960		70,606
Electrocomponents PLC	4,271		15,405
Enterprise Inns PLC	15,585		124,180
FirstGroup PLC	12,646		141,553
Friends Provident Ethical Investment
Trust PLC	46,704		114,623
Galiform PLC *	18,547		29,178

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
GKN PLC	16,950	$	102,578
GlaxoSmithKline PLC	154,169		3,261,015
Great Portland Estates PLC	1,736		18,253
Group 4 Securicor PLC	33,367		150,881
Hammerson PLC	8,779		194,140
Hays PLC	46,107		104,653
HBOS PLC	104,700		1,164,782
Home Retail Group	24,594		127,660
HSBC Holdings PLC	332,795		5,482,438
ICAP PLC	15,278		172,654
IMI PLC	7,256		65,397
Imperial Tobacco Group PLC	18,676		860,005
Inchcape PLC	13,608		108,644
Intercontinental Hotels Group PLC	8,732		131,871
International Personal Finance PLC	7,595		34,364
International Power PLC	43,772		346,102
Intertek Group PLC	1,797		36,863
Invensys PLC *	23,699		105,692
Investec PLC	10,649		71,770
ITV PLC	80,304		101,027
J Sainsbury PLC	45,528		310,109
Johnson Matthey PLC	5,978		238,112
Kazakhmys PLC	2,713		86,031
Kesa Electricals PLC	15,212		62,388
Kingfisher PLC	66,609		175,133
Ladbrokes PLC	14,468		89,501
Land Securities Group PLC	12,525		375,229
Legal & General Group PLC	184,076		461,923
Liberty International PLC	7,346		142,427
Lloyds TSB Group PLC	158,117		1,412,694
Logicacmg PLC	41,317		86,850
London Stock Exchange Group PLC	4,090		98,132
Lonmin PLC, ADR	2,116		128,649
Man Group PLC, ADR	45,087		496,312
Marks & Spencer Group PLC	49,154		378,203
Meggitt PLC	17,825		97,536
Misys PLC	5,107		14,030
Mondi PLC	10,929		90,664
National Express Group PLC	3,116		62,198
National Grid PLC	70,788		978,224
Next Group PLC	5,545		125,609
Old Mutual PLC	151,076		331,555
Pearson PLC	23,570		319,220
Persimmon PLC	8,254		125,357
Premier Farnell PLC	7,074		25,060
Provident Financial PLC	3,797		63,821
Prudential PLC	68,107		899,241
Punch Taverns PLC	7,917		84,665
Rank Group PLC	13,037		22,819
Reckitt Benckiser PLC	17,168		952,026
Reed Elsevier PLC * (a)	31,784		404,813
Rentokil Initial PLC	56,546		109,259
Reuters Group PLC *	35,105		404,048
Rexam PLC	18,218		154,282
Rio Tinto PLC	28,090		2,919,294
Rolls-Royce Group PLC *	50,855		407,342

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

183

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Rolls-Royce Group PLC *	4,556,608	$	9,043
Royal & Sun Alliance PLC	86,993		222,237
Royal Bank of Scotland Group PLC	266,108		1,782,707
Royal Dutch Shell PLC, A Shares	100,366		3,455,793
Royal Dutch Shell PLC, B Shares	77,796		2,620,678
SABMiller PLC	25,806		565,987
Schroders PLC	3,005		55,955
Scottish & Newcastle PLC	22,169		347,541
Scottish & Southern Energy PLC	24,423		681,225
Segro PLC, REIT	13,092		131,915
Serco Group PLC	13,279		119,655
Severn Trent PLC	6,269		176,781
Shire PLC	7,688		148,819
Signet Group PLC	54,625		66,968
Smith & Nephew PLC	24,494		324,357
Smiths Group PLC	11,063		206,552
SSL International PLC	1,894		17,036
Stagecoach Group PLC	17,095		82,116
Standard Chartered PLC	19,051		651,461
Standard Life PLC	60,132		293,961
Tate & Lyle PLC	13,424		143,943
Taylor Woodrow PLC	32,947		122,629
Tesco PLC	221,201		1,667,103
The Sage Group PLC	34,456		128,858
Thomas Cook Group PLC	12,688		73,111
Tomkins PLC	27,912		99,120
Travis Perkins PLC	3,215		68,442
Trinity Mirror PLC	2,970		17,423
TUI Travel PLC	14,401		73,705
Tullett Prebon PLC	1,687		15,928
Tullow Oil PLC	20,133		263,651
Unilever PLC	36,649		1,239,629
United Business Media PLC	6,257		67,128
United Utilities PLC	25,263		346,496
Vodafone Group PLC	1,486,012		4,417,057
Whitbread PLC	5,742		133,147
William Hill PLC	11,292		84,321
William Morrison Supermarket PLC	33,547		182,910
Wolseley PLC	17,594		185,315
WPP Group PLC (a)	30,470		363,769
Xstrata PLC	17,521		1,227,190
Yell Group PLC	24,052		73,450
			75,067,134
United States - 0.01%
Brookfield Infrastructure Partners LP	582		9,865
Marathon Oil Corp.	352		16,051
Southern Copper Corp.	154		15,990
			41,906
TOTAL COMMON STOCKS (Cost $380,082,541)		$	467,856,090
PREFERRED STOCKS - 1.49%
Brazil - 1.17%
Aracruz Celulose SA	8,100		55,256
Banco Bradesco SA	18,600		517,285
Banco Itau Holding Financeira SA	28,844		657,690

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS (continued)
Brazil (continued)
Bradespar SA *	3,500	$	94,446
Brasil Telecom Participacoes SA	4,700		62,892
Brasil Telecom SA	5,929		65,213
Braskem SA, A Shares	1,300		11,039
Centrais Eletricas Brasileiras SA *	4,000		57,446
Cia Brasileira de Distribuicao Grupo Pao de
Acucar	1,600		32,826
Cia de Bebidas das Americas	3,011		226,507
Cia de Gas de Sao Paulo, A Shares	600		15,079
Cia Energetica de Minas Gerais	4,500		80,783
Cia Energetica de Sao Paulo *	4,497		73,810
Cia Paranaense de Energia	2,900		47,416
Cia Vale do Rio Doce	36,900		1,068,075
Companhia de Bebidas das Americas, ADR	1,893		143,016
Companhia de Tecidos Norte de Minas SA	1,600		7,842
Duratex SA	1,900		36,361
Eletropaulo Metropolitana de Sao Paulo SA	651,566		51,243
Gerdau SA	5,250		161,865
Gol Linhas Aereas Inteligentes SA	1,400		20,816
Investimentos Itau SA	28,000		164,359
Klabin SA	16,000		52,886
Lojas Americanas SA	8,000		59,497
Metalurgica Gerdau SA	1,900		79,153
Net Servicos de Comunicacao SA *	3,355		35,850
Petroleo Brasileiro SA	27,400		1,155,369
Sadia SA, ADR *	12,000		71,123
Suzano Papel e Celulose SA	4,200		63,406
Tam SA	1,816		34,981
Tele Norte Leste Participacoes SA	5,000		132,786
Telemig Celular Participacoes SA	516		14,762
Telesp Celular Participacoes SA *	12,700		74,042
Tim Participacoes SA	16,751		54,223
Usinas Siderurgicas de Minas Gerais SA,
Series A	3,450		193,469
Votorantim Celulose e Papel SA *	2,000		57,218
			5,730,030
Germany - 0.21%
Bayerische Motoren Werke (BMW) AG	387		17,003
Porsche Automobil Holding SE	2,362		431,569
RWE AG	1,069		101,380
Volkswagen AG	2,840		472,106
			1,022,058
Italy - 0.02%
IFI-Istituto Finanziario Industriale SpA *	1,531		42,182
Unipol SpA	18,946		54,449
			96,631
Japan - 0.00%
ITO EN, Ltd. *	500		5,635
Malaysia - 0.00%
Malaysian Airline System BHD *	2,300		583
Russia - 0.02%
Surgutneftegaz SADR	2,141		104,481
South Korea - 0.07%
Hyundai Motor Company	1,000		33,033

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

184

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
		Shares or
		Principal
		Amount		Value
PREFERRED STOCKS (continued)
South Korea (continued)
LG Electronics, Inc.		170	$	9,759
Samsung Electronics Company, Ltd.		610		276,416
				319,208
TOTAL PREFERRED STOCKS (Cost $4,167,930)			$	7,278,626
WARRANTS - 0.00%
Hong Kong - 0.00%
China Overseas Land & Investment, Ltd.
(Expiration Date: 08/27/2008, Strike
Price: HKD 12.50) *		9,256		3,449
Indonesia - 0.00%
Bank Pan Indonesia Tbk PT
(Expiration Date: 07/10/2009, Strike
Price: IDR 400.00) *		33,314		1,086
TOTAL WARRANTS (Cost $317)			$	4,535
RIGHTS - 0.00%
Australia - 0.00%
Iluka Resources, Ltd. (Expiration Date:
04/09/2008, Strike Price AUD 2.55) *		1,591		0
Japan - 0.00%
Dowa Mining Company, Ltd. (Expiration Date:
01/29/2010, Strike Price: JPY 1.00) *		6,534		1,934
Malaysia - 0.00%
Genting International PLC (Expiration Date:
04/11/2008, Strike Price MYR 0.88) *		7,580		0
Thailand - 0.00%
True Corp. PCL *		23,152		0
TOTAL RIGHTS (Cost $0)			$	1,934
SHORT TERM INVESTMENTS - 8.08%
AIM Short-Term Investment Trust,
STIC Prime Portfolio,
Institutional Class	$	1,773,385	$	1,773,385
Federated Prime Obligations Fund		27,422		27,422
John Hancock Cash
Investment Trust, 3.0622% (c)(f)		37,825,450		37,825,450
TOTAL SHORT TERM INVESTMENTS
(Cost $39,626,257)			$	39,626,257
Total Investments (International Equity Index Trust B)
(Cost $423,877,045) - 105.00%			$	514,767,442
Liabilities in Excess of Other Assets - (5.00)%				(24,510,941)
TOTAL NET ASSETS - 100.00%			$	490,256,501

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Banking	12.17%
Telecommunications Equipment & Services	6.29%
International Oil	5.57%
Insurance	5.00%
Mining	4.30%

International Opportunities Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 94.80%
Australia - 1.56%
CSL, Ltd. (a)	406,477	$	13,778,907
Brazil - 7.94%
All America Latina Logistica SA	448,510		4,524,208
Bovespa Holding SA *	1,332,000		17,952,812
Gafisa SA *	442,391		7,313,936
Petroleo Brasileiro SA, ADR	278,323		28,419,561
Unibanco - Uniao De Bancos
Brasileiros SA, ADR *	101,115		11,794,054
			70,004,571
Canada - 5.31%
Potash Corp. of Saskatchewan, Inc.	57,568		8,935,129
Research In Motion, Ltd. *	205,787		23,095,475
Rogers Communications, Inc., Class B	412,150		14,824,471
			46,855,075
Denmark - 1.28%
Vestas Wind Systems AS * (a)	102,750		11,310,342
France - 11.72%
Accor SA	121,049		8,838,033
Alstom	61,693		13,364,227
AXA Group SA	245,349		8,873,533
Cie Generale de Geophysique-Veritas *	39,915		9,928,654
Groupe DANONE	140,224		12,538,325
JC Decaux SA (a)	389,733		11,471,648
Pinault-Printemps-Redoute SA	63,963		9,483,986
Veolia Environnement SA	413,083		28,826,261
			103,324,667
Germany - 4.46%
Continental AG	318,801		32,449,023
GEA Group AG *	204,220		6,876,909
			39,325,932
Hong Kong - 5.73%
China Merchants Holdings International
Company, Ltd. (a)	914,000		4,388,038
China Mobile, Ltd.	1,213,500		18,232,486
CNOOC, Ltd.	7,296,500		10,730,517
Esprit Holdings, Ltd.	728,000		8,838,509
Shangri-La Asia, Ltd.	3,054,692		8,328,639
			50,518,189
India - 1.32%
ICICI Bank, Ltd., SADR	303,763		11,600,709
Ireland - 0.54%
Anglo Irish Bank Corp. PLC	356,643		4,765,168
Israel - 1.44%
Teva Pharmaceutical Industries, Ltd., SADR	275,093		12,706,546
Japan - 7.80%
Daikin Industries, Ltd.	192,375		8,384,728
Daiwa Securities Group, Inc.	461,000		4,026,027
Fujitsu, Ltd.	682,000		4,510,369
Hitachi Construction Machinery Company, Ltd.	163,226		4,139,275
Marubeni Corp.	2,017,000		14,841,300
Nintendo Company, Ltd.	42,200		22,079,224
Sumitomo Realty &
Development Company, Ltd.	224,000		3,990,692

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

185

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Yamada Denki Company, Ltd. (a)		77,972	$	6,798,164
				68,769,779
Mexico - 5.73%
America Movil SA de CV, Series L, ADR		588,952		37,510,353
Cemex SA de CV, SADR *		498,020		13,008,282
				50,518,635
Netherlands - 2.56%
Heineken NV		387,963		22,532,627
Singapore - 1.01%
Capitaland, Ltd. *		1,901,413		8,886,485
South Africa - 1.31%
MTN Group, Ltd.		759,909		11,551,696
South Korea - 2.51%
Samsung Electronics Company, Ltd.		34,980		22,119,687
Spain - 1.30%
Telefonica SA		397,540		11,422,116
Switzerland - 18.28%
ABB, Ltd.		665,781		17,944,233
Actelion, Ltd. *		171,175		9,342,086
Credit Suisse Group AG		572,887		29,170,181
Holcim, Ltd.		273,027		28,677,037
Julius Baer Holding AG		220,807		16,298,776
Lonza Group AG		187,085		24,819,614
Nestle SA		48,115		24,049,914
Roche Holdings AG - Genusschein		57,617		10,859,063
				161,160,904
United Kingdom - 11.55%
BG Group PLC		381,838		8,847,708
British Sky Broadcasting Group PLC		2,498,772		27,628,246
Johnson Matthey PLC		121,126		4,824,609
Man Group PLC, ADR		1,151,236		12,672,655
Reckitt Benckiser PLC		255,676		14,178,136
Rio Tinto PLC		76,677		7,968,769
Tesco PLC		3,416,115		25,745,885
				101,866,008
United States - 1.45%
Las Vegas Sands Corp. *		173,673		12,789,280
TOTAL COMMON STOCKS (Cost $805,212,968)			$	835,807,323
SHORT TERM INVESTMENTS - 6.95%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	61,267,533	$	61,267,533
TOTAL SHORT TERM INVESTMENTS
(Cost $61,267,533)			$	61,267,533

International Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 7.92%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$69,860,105 on 04/01/2008,
collateralized by $240,000 Federal
Home Loan Bank, 5.435% due
12/20/2022 (valued at $254,400,
including interest) and
$68,025,000 Federal National
Mortgage Association, 5.40% due
12/14/2022 (valued at
$71,001,094, including interest)	$	69,857,000	$	69,857,000
TOTAL REPURCHASE AGREEMENTS
(Cost $69,857,000)			$	69,857,000
Total Investments (International Opportunities Trust)
(Cost $936,337,501) - 109.67%			$	966,931,856
Liabilities in Excess of Other Assets - (9.67)%				(85,249,404)
TOTAL NET ASSETS - 100.00%			$	881,682,452

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Cellular Communications	7.63%
Financial Services	6.78%
Banking	5.04%
Construction Materials	4.73%
Food & Beverages	4.15%

International Small Cap Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 89.89%
Australia - 8.78%
Billabong International, Ltd.	527,230	$	6,276,124
Downer EDI, Ltd.	2,655,599		15,220,714
Emeco Holdings, Ltd.	3,506,675		2,578,246
Iluka Resources, Ltd.	3,064,143		13,168,496
PaperlinX, Ltd.	4,504,805		11,368,024
			48,611,604
Belgium - 1.22%
Barco NV	94,305		6,752,124
Bermuda - 2.45%
Bio-Treat Technology, Ltd.	9,066,000		3,341,363
Ngai Lik Industrial Holdings, Ltd.	20,564,201		911,598
People's Food Holdings, Ltd.	12,229,370		9,330,855
			13,583,816
Brazil - 0.91%
Companhia de Saneamento de Minas Gerais *	340,881		5,012,099
Canada - 7.21%
ATS Automation Tooling Systems, Inc. *	863,260		5,088,142
Dorel Industries, Inc., Class B	262,200		7,778,255
GSI Group, Inc. *	682,348		5,308,667
MDS, Inc. *	589,284		11,481,982

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

186

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Mega Brands, Inc. *	274,800	$	1,290,405
North West Company	244,804		4,455,101
Saxon Energy Services, Inc. *	779,000		4,553,558
			39,956,110
Cayman Islands - 0.22%
Chitaly Holdings, Ltd.	6,728,000		1,208,460
China - 2.03%
BYD Company, Ltd., H Shares	2,576,134		4,760,260
Sinotrans, Ltd., Class H	22,156,000		6,464,215
			11,224,475
Finland - 3.54%
Amer Sports Oyj, A Shares	481,640		9,695,632
Elcoteq SE, A Shares *	387,130		2,543,676
Huhtamaki Oyj (a)	690,184		7,389,378
			19,628,686
Germany - 1.27%
Jenoptik AG *	1,004,361		7,012,733
Hong Kong - 7.85%
AAC Acoustic Technology Holdings, Inc. *	4,004,000		3,249,643
Dah Sing Financial Group (a)	794,929		5,291,215
Fountain Set Holdings, Ltd.	16,101,998		2,562,478
Giordano International, Ltd.	10,170,017		4,132,129
Lerado Group Holding Company, Ltd.	13,967,612		1,250,487
TCL Communication Technology
Holdings, Ltd. *	93,375,008		3,623,109
Texwinca Holdings, Ltd.	13,987,324		10,056,813
Travelsky Technology, Ltd., Class H	3,598,604		2,686,953
Weiqiao Textile Company, Ltd.	4,243,746		5,494,887
Yue Yuen Industrial Holdings, Ltd. (a)	1,617,246		5,099,672
			43,447,386
Indonesia - 0.62%
Astra International Tbk PT	1,301,206		3,454,527
Japan - 5.25%
Descente, Ltd.	916,000		5,352,619
Meitec Corp.	211,366		6,433,535
Nichii Gakkan Company, Ltd. (a)	508,900		7,396,182
Sohgo Security Services Company, Ltd.	484,386		6,803,112
Takuma Company, Ltd. (a)	1,140,000		3,112,171
			29,097,619
Luxembourg - 0.41%
Thiel Logistik AG *	816,376		2,262,513
Netherlands - 3.94%
Draka Holding NV	74,316		2,399,226
Imtech NV	150,737		4,003,574
OPG Groep NV	380,316		10,788,866
SBM Offshore NV	142,928		4,610,765
			21,802,431
Norway - 1.47%
Tomra Systems ASA	1,069,180		8,118,694
Philippines - 0.19%
First Gen Corp.	1,093,700		1,049,151

International Small Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Singapore - 2.00%
Cerebos Pacific, Ltd.	208,209	$	574,402
Huan Hsin Holdings, Ltd.	2,450,627		969,556
Osim International, Ltd. (a)	5,422,237		1,383,179
Venture Corp., Ltd.	1,057,000		8,160,746
			11,087,883
South Korea - 8.34%
Daeduck Electronics Company, Ltd.	513,650		2,744,504
Daegu Bank	510,140		6,875,377
Halla Climate Control Company, Ltd.	788,730		6,397,254
Intops Company, Ltd.	129,844		3,198,675
People & Telecommunication, Inc.	329,468		2,812,216
Pusan Bank	880,760		11,054,563
Sindo Ricoh Company, Ltd.	87,910		4,624,740
Youngone Corp.	1,035,230		8,461,544
			46,168,873
Sweden - 2.88%
D. Carnegie & Company AB *	624,875		10,522,237
Securitas Systems AB	1,871,740		5,440,571
			15,962,808
Switzerland - 1.87%
Verwaltungs & Privat Bank AG	46,837		10,346,473
Taiwan - 10.78%
Acbel Polytech, Inc. *	6,720,326		3,147,407
BenQ Corp. *	3,988,600		3,398,964
D-Link Corp.	7,145,972		11,839,731
Giant Manufacturing Company, Ltd.	985,000		2,491,580
KYE System Corp. *	4,277,535		5,430,730
Pihsiang Machinery Manufacturing Company,
Ltd.	3,527,000		7,211,514
Simplo Technology Company, Ltd.	2,041,200		10,569,116
Ta Chong Bank, Ltd. *	23,391,000		8,109,675
Taiwan Fu Hsing Industrial Company, Ltd.	2,863,310		1,708,949
Test-Rite International Company, Ltd.	8,806,201		5,789,582
			59,697,248
Thailand - 4.99%
Bank of Ayudhya PCL, NVDR *	14,664,700		10,822,049
Glow Energy PCL	9,359,024		9,512,110
Total Access Communication PCL *	5,923,205		7,316,757
			27,650,916
United Kingdom - 10.34%
Bodycote International PLC	1,828,622		6,776,492
Burberry Group PLC	649,531		5,810,368
Fiberweb PLC	3,075,560		3,703,634
FKI PLC	6,558,221		9,074,301
Future PLC	7,431,290		4,203,327
Game Group PLC	3,061,572		12,897,815
Henderson Group PLC	217,400		457,174
New Star Asset Management Group, Ltd. *	1,655,739		3,778,145
Yule Catto & Company PLC	3,401,672		10,568,686
			57,269,942

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

187

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United States - 1.33%
Steiner Leisure, Ltd. *		223,914	$	7,389,162
TOTAL COMMON STOCKS (Cost $480,436,126)			$	497,795,733
SHORT TERM INVESTMENTS - 10.20%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	3,134,676	$	3,134,676
Paribas Corp. Time Deposit
3.00% due 04/01/2008		53,385,000		53,385,000
TOTAL SHORT TERM INVESTMENTS
(Cost $56,519,676)			$	56,519,676
REPURCHASE AGREEMENTS - 0.01%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$41,002 on 04/01/2008,
collateralized by $40,000 Federal
Home Loan Bank, 5.25% due
06/12/2009 (valued at $42,150,
including interest)	$	41,000	$	41,000
TOTAL REPURCHASE AGREEMENTS
(Cost $41,000)			$	41,000
Total Investments (International Small Cap Trust)
(Cost $536,996,802) - 100.10%			$	554,356,409
Liabilities in Excess of Other Assets - (0.10)%				(557,043)
TOTAL NET ASSETS - 100.00%			$	553,799,366

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Apparel & Textiles	8.62%
Banking	8.52%
Computers & Business Equipment	5.02%
Electronics	3.95%
Healthcare Products	3.63%

International Small Company Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.97%
Australia - 7.87%
ABB Grain, Ltd. (a)	24,258	$	195,274
Adelaide Brighton, Ltd.	109,968		343,644
Admiralty Resources NL * (a)	114,634		19,926
AED Oil, Ltd. *	2,649		5,622
Aevum, Ltd.	12,643		21,869
Alesco Corp., Ltd. (a)	18,723		166,562
Allegiance Mining NL *	100,467		101,573
Amadeus Energy, Ltd. * (a)	46,414		23,305
Amalgamated Holdings, Ltd.	10,010		49,424
Andean Resources, Ltd. *	31,892		49,502
Ansell, Ltd.	23,799		253,917
APA Group	75,975		198,361

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Aquila Resources, Ltd. * (a)	24,581	$	225,822
ARB Corp., Ltd.	16,596		58,981
ARC Energy, Ltd. * (a)	74,285		84,432
Arrow Energy NL * (a)	69,298		112,207
Ausdrill, Ltd.	41,067		75,977
Austal, Ltd.	38,731		91,578
Austar United Communications, Ltd. *	94,934		115,610
Austereo Group, Ltd.	66,947		104,480
Australian Agricultural Company, Ltd. (a)	58,133		139,107
Australian Infrastructure Fund	62,949		156,829
Australian Worldwide Exploration, Ltd. *	75,123		242,848
AVJennings, Ltd.	48,073		27,262
AWB, Ltd. (a)	37,000		93,467
Babcock & Brown Environmental
Investments, Ltd. *	19,027		8,617
Bank of Queensland, Ltd. (a)	19,548		295,052
Beach Petroleum, Ltd. (a)	120,193		138,613
Bemax Resources, Ltd. *	223,104		49,064
Bendigo Mining, Ltd. *	69,546		18,501
Biota Holdings, Ltd. *	24,576		27,081
Blackmores, Ltd.	1,097		18,573
Boom Logistics, Ltd. (a)	25,797		23,416
Bradken, Ltd. (a)	11,657		71,699
Brickworks, Ltd. (a)	3,864		35,553
Cabcharge Australia, Ltd.	18,829		168,493
Campbell Brothers, Ltd.	10,457		239,653
Candle Australia, Ltd. (a)	17,490		26,903
Cardno, Ltd.	2,404		11,663
CBH Resources, Ltd. * (a)	158,056		52,234
CEC Group, Ltd.	22,583		14,127
Cellestis, Ltd. * (a)	15,855		32,535
Centamin Egypt, Ltd. *	43,601		59,807
Centennial Coal Company, Ltd. (a)	34,807		130,187
Chandler Macleod, Ltd.	23,005		13,799
Charter Hall Group	34,162		43,963
Citigold Corp., Ltd. * (a)	163,943		51,628
City Pacific, Ltd.	15,707		17,657
Clinuvel Pharmaceuticals, Ltd. *	69,980		24,118
Clough, Ltd. *	70,761		44,923
Coal of Africa, Ltd. *	42,019		86,893
Coeur d'Alene Mines Corp. * (a)	37,202		154,695
Commander Communications, Ltd. *	51,265		6,104
Compass Resources NL * (a)	15,577		25,255
ConnectEast Group (a)	190,166		227,672
Consolidated Rutile, Ltd.	71,020		25,397
CopperCo, Ltd. *	55,001		24,584
Corporate Express Australia, Ltd. (a)	17,731		89,406
Count Financial, Ltd. (a)	25,369		45,135
Crane Group, Ltd. (a)	16,792		235,624
Crescent Gold, Ltd. *	129,712		34,238
Customers, Ltd. *	272,078		17,727
David Jones, Ltd. (a)	98,948		331,243
Devine, Ltd.	33,852		35,381
Dominion Mining, Ltd.	10,959		33,809
Downer EDI, Ltd.	45,913		263,155
Duet Group	68,409		191,832

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

188

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Dyno Nobel, Ltd.	40,350	$	94,737
Eastern Star Gas, Ltd. * (a)	75,775		25,144
Emitch, Ltd.	52,110		32,493
Energy Developments, Ltd.	26,398		56,800
Energy World Corp., Ltd. *	89,105		107,987
Envestra, Ltd.	202,578		135,591
Equigold NL	27,470		116,703
ERG, Ltd. * (a)	153,745		6,323
Felix Resources, Ltd.	11,202		127,347
FKP Property Group, Ltd. (a)	47,261		123,802
Fleetwood Corp., Ltd.	8,921		67,186
Flight Centre, Ltd.	5,565		108,231
Forest Enterprises Australia, Ltd. (a)	103,275		48,981
Funtastic, Ltd. (a)	30,436		11,047
Futuris Corp., Ltd.	118,171		205,251
Geodynamics, Ltd. *	40,992		59,415
Gindalbie Metals, Ltd. *	113,603		84,615
GrainCorp., Ltd.	9,487		104,726
Grange Resources Corp., Ltd. *	7,033		9,038
GRD, Ltd.	51,194		50,204
Great Southern Plantations, Ltd. (a)	47,410		73,080
GUD Holdings, Ltd. (a)	13,446		118,997
Gunns, Ltd.	114,166		328,070
GWA International, Ltd.	40,169		118,429
Hastie Group, Ltd.	13,799		39,306
Healthscope, Ltd.	28,422		135,671
Herald Resources, Ltd. *	37,212		91,634
Heron Resources, Ltd. * (a)	57,417		27,313
Hills Industries, Ltd.	41,635		178,905
Horizon Oil, Ltd. *	15,000		3,808
Housewares International, Ltd.	26,318		44,191
IBA Health, Ltd. * (a)	86,371		37,016
IBT Education, Ltd.	26,000		43,253
iiNET, Ltd.	32,429		59,277
Iluka Resources, Ltd. (a)	60,662		260,702
Imdex, Ltd.	22,389		36,707
Independence Group NL	20,656		151,508
Indophil Resources NL *	85,202		62,369
Industrea, Ltd.	51,770		17,749
Infomedia, Ltd.	86,555		26,957
Invocare, Ltd.	25,649		153,407
IOOF Holdings, Ltd.	13,914		75,730
Iress Market Technology, Ltd.	19,452		123,011
Jabiru Metals Ltd * (a)	42,457		24,483
JB Hi-Fi, Ltd. (a)	21,677		179,140
Just Group, Ltd. (a)	47,100		170,706
Kagara Zinc, Ltd.	9,345		37,531
Kingsgate Consolidated, Ltd. *	11,718		47,468
Lynas Corp, Ltd. * (a)	56,469		66,796
MacArthur Coal, Ltd.	23,956		286,704
Macmahon Holdings, Ltd.	77,930		106,098
Macquarie Media Group, Ltd. (a)	18,975		64,167
Marion Energy, Ltd. * (a)	55,425		39,077
Maxitrans Industries, Ltd.	78,815		45,879
McGuigan Simeon Wines, Ltd. *	16,663		19,768
McPherson's, Ltd.	12,170		31,401

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Melbourne IT, Ltd.	12,149	$	31,432
MFS Living & Leisure Group (a)	26,993		8,881
Mincor Resources NL	57,399		160,690
Mineral Deposits, Ltd. *	39,608		36,234
Monadelphous Group, Ltd.	9,154		116,737
Mortgage Choice, Ltd. (a)	20,900		28,547
Mount Gibson Iron, Ltd. * (a)	64,184		168,370
Murchison Metals, Ltd. * (a)	10,553		38,016
MYOB, Ltd. *	58,980		82,648
National Hire Group, Ltd.	32,653		59,484
New Hope Corp., Ltd.	104,773		254,733
Nexus Energy, Ltd. * (a)	48,533		66,953
Nido Petroleum, Ltd. *	205,243		49,708
Oakton, Ltd.	15,761		52,574
Pacific Brands, Ltd.	86,002		159,727
Pan Australian Resources, Ltd. * (a)	153,891		147,229
PaperlinX, Ltd. (a)	103,560		261,338
Peet & Company, Ltd.	29,756		71,090
Peptech, Ltd. * (a)	37,842		32,571
Perilya, Ltd. (a)	45,146		43,681
Petsec Energy, Ltd. * (a)	36,299		23,388
Pharmaxis, Ltd. * (a)	25,612		48,769
Photon Group, Ltd.	6,675		22,650
Platinum Australia Ltd *	21,960		51,289
PMP, Ltd. (a)	78,662		109,413
Port Bouvard, Ltd. (a)	24,303		19,634
Primary Health Care, Ltd.	19,756		109,659
Primelife Corp., Ltd. (a)	34,348		17,291
Programmed Maintenance Services, Ltd.	13,573		64,499
Ramsay Health Care, Ltd. (a)	15,172		149,591
RCR Tomlinson, Ltd. (a)	26,425		25,929
Redflex Holdings, Ltd.	8,205		23,677
Resolute Mining, Ltd. *	38,628		72,201
Ridley Corp., Ltd. (a)	38,723		39,749
Riversdale Mining, Ltd. *	18,585		140,347
Roc Oil Company, Ltd. *	62,957		133,761
SAI Global, Ltd. (a)	16,847		43,231
Sally Malay Mining, Ltd. (a)	47,417		228,814
Salmat, Ltd.	5,289		15,666
Seek, Ltd.	7,107		34,413
Select Harvests, Ltd.	8,997		53,020
ServCorp, Ltd. (a)	14,294		61,085
Sigma Pharmaceuticals, Ltd.	81,000		92,719
Silex Systems, Ltd. *	13,874		64,467
Sino Gold, Ltd. * (a)	12,685		86,433
Sino Strategic International, Ltd. *	11,948		5,298
Skilled Group, Ltd. (a)	13,335		45,178
SMS Management & Technology, Ltd.	17,762		82,468
SP Telemedia, Ltd.	65,209		21,523
Specialty Fashion Group, Ltd.	51,249		56,907
Sphere Investments Ltd *	15,740		25,704
Spotless Group, Ltd. (a)	34,816		105,228
St. Barbara, Ltd. *	100,515		79,099
Straits Resources, Ltd.	31,496		177,418
STW Communications Group, Ltd.	36,346		74,256
Sunland Group, Ltd.	73,257		166,484

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

189

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Super Cheap Auto Group, Ltd.	8,100	$	23,418
Tamaya Resources, Ltd. *	214,523		25,466
Tap Oil, Ltd. *	28,463		42,291
Tassal Group, Ltd. (a)	26,287		55,151
Ten Network Holdings, Ltd. (a)	71,632		141,182
Thakral Holdings Group	138,389		113,412
Timbercorp, Ltd.	40,143		45,850
Tower Australia Group, Ltd. (a)	47,798		97,545
Troy Resources NL	10,088		22,406
United Group, Ltd.	8,600		95,400
UXC, Ltd.	12,714		12,650
Village Roadshow, Ltd.	19,256		47,855
Vision Group Holdings, Ltd.	14,452		27,574
Washington H Soul Pattinson & Company, Ltd.	3,700		25,580
Watpac, Ltd.	11,382		21,938
Wattyl, Ltd.	13,518		22,737
Webster, Ltd.	15,000		14,931
Western Areas NL * (a)	30,734		166,183
WHK Group, Ltd.	54,106		78,701
			16,827,688
Austria - 1.08%
Agrana Beteiligungs AG	412		44,646
Andritz AG	4,336		237,820
Austrian Airlines AG *	4,748		35,481
BetandWin.com Interactive Entertainment AG *	2,806		92,307
BWT AG	1,062		48,141
Constantia Packaging AG	1,282		94,677
Flughafen Wien AG	1,165		140,481
Frauenthal Holdings AG	1,879		53,394
Intercell AG *	5,516		228,487
Lenzing AG	234		120,526
Mayr-Melnhof Karton AG	910		91,735
Palfinger AG	3,704		131,908
RHI AG *	4,496		181,000
Rosenbauer International AG	1,745		77,699
S&T System Integration & Technology
Distribution AG *	550		34,646
Schoeller-Bleckmann Oilfield Equipment AG	1,680		150,045
Uniqa Versicherungen AG	17,849		470,295
Wolford AG	2,064		87,536
			2,320,824
Belgium - 1.36%
Ackermans & Van Haaren NV	4,436		460,998
Banque Nationale de Belgique *	28		136,519
Barco NV	2,370		169,689
Bekaert SA	2,800		408,076
Compagnie d'Entreprises (CFE)	860		83,430
Compagnie Maritime Belge SA	1,318		88,713
Deceuninck NV (a)	2,341		48,499
Duvel Moortgat SA	903		62,045
Elia System Operator SA/NV	1,897		84,606
Euronav NV	4,100		155,659
Exmar NV	1,782		46,445
Icos Vision Systems NV *	912		51,796
Ion Beam Applications SA *	2,557		57,860

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Belgium (continued)
Kinepolis Group NV	908	$	42,641
Melexis NV (a)	5,118		84,716
Omega Pharma SA	3,831		177,494
Option NV *	4,632		42,432
Recticel SA (a)	3,721		51,903
Roularta Media Group NV	1,549		100,437
SA D'Ieteren Trading NV	641		227,830
Sipef SA	92		63,672
Tessenderlo Chemie NV	4,697		213,330
Van De Velde NV	967		48,095
			2,906,885
Canada - 11.60%
Aastra Technologies, Ltd. *	4,600		136,909
Absolute Software Corp. *	5,400		67,023
Aecon Group, Inc.	5,600		96,511
AEterna Zentaris, Inc. *	7,500		7,526
AGF Management, Ltd.	13,300		281,303
Akita Drilling, Ltd.	200		2,543
Alamos Gold, Inc. *	8,800		51,439
Alberta Clipper Energy, Inc. *	7,700		18,004
Allen-Vanguard Corp. *	10,700		35,651
Altius Minerals Corp. *	3,800		50,459
Amerigo Resources, Ltd.	13,600		28,884
Anderson Energy, Ltd. *	11,000		39,115
Angiotech Pharmaceuticals, Inc. *	9,100		18,795
Antrim Energy, Inc. *	17,800		72,660
Anvil Mining, Ltd. *	7,300		87,832
Aquiline Resources, Inc. *	8,600		74,484
Arawak Energy Corp. *	13,900		31,011
Astral Media, Inc.	11,200		425,435
Atrium Innovations, Inc. *	1,559		23,997
ATS Automation Tooling Systems, Inc. *	6,880		40,551
Augusta Resource Corp. *	4,900		18,618
Aurelian Resources, Inc. *	18,400		165,097
Aurizon Mines, Ltd. *	22,500		106,094
Aurora Energy Resources, Inc. *	9,500		49,978
Axia NetMedia Corp. *	6,400		18,581
Baffinland Iron Mines Corp. *	3,800		11,476
Baja Mining Corp. *	35,600		47,168
Ballard Power Systems, Inc. *	24,100		99,786
Bankers Petroleum, Ltd. *	41,000		67,105
Bioms Medical Corp. *	14,500		52,691
Bioteq Environmental Tech, Inc. *	11,500		38,092
Birch Mountain Resources, Ltd. *	9,200		4,392
Birchcliff Energy, Ltd. *	9,200		87,926
BMTC Group, Inc., Class A	2,200		38,537
Boralex, Inc., Class A *	3,100		53,577
Bow Valley Energy, Ltd. *	7,500		36,826
Breaker Energy, Ltd., Class A *	7,400		58,756
Breakwater Resources, Ltd. *	63,500		71,143
Calfrac Well Services, Ltd.	3,700		80,564
Calvalley Petroleums, Inc., Class A *	9,623		46,781
Canaccord Capital, Inc.	5,200		49,647
Canada Bread Company, Ltd.	950		63,630
Canadian Hydro Developers, Inc. *	20,200		127,720
Canadian Superior Energy, Inc. *	10,500		32,223

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

190

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Canadian Western Bank	10,566	$	265,167
Canam Group, Inc., Class A	9,500		101,344
Candax Energy, Inc. *	40,399		29,519
Canfor Corp. *	13,400		104,960
Cangene Corp. *	3,700		20,186
CanWest Global Communications Corp. *	13,650		66,491
Capstone Mining Corp. *	21,500		66,818
Cardiome Pharma Corp. *	8,800		74,844
Carpathian Gold, Inc. *	24,200		9,195
Cascades, Inc.	20,150		154,298
Catalyst Paper Corp. *	48,200		44,140
CCL Industries, Inc., Class B	3,900		113,757
Celestica, Inc. *	33,500		227,152
Celtic Exploration, Ltd. *	3,500		52,784
Certicom Corp. *	7,300		12,730
Chariot Resources, Ltd. *	37,000		32,442
CHC Helicopter Corp., Class A	3,000		88,850
Clarke, Inc.	8,200		48,412
Claude Resources, Inc. *	35,700		35,476
Coalcorp Mining, Inc. *	8,385		20,177
Cogeco Cable, Inc.	3,300		115,707
Com Dev International, Ltd. *	8,800		33,007
Compton Petroleum Corp. *	13,300		148,102
Connacher Oil & Gas, Ltd. *	31,800		96,969
Constellation Software, Inc.	1,600		35,774
Corby Distilleries, Ltd.	2,100		47,649
Corridor Resources, Inc. *	10,700		69,217
Corus Entertainment, Inc., Class B	11,600		203,533
Cott Corp. *	8,800		31,292
Crew Energy, Inc. *	12,100		157,962
Cryocath Technologies, Inc. *	6,200		26,879
Crystallex International Corp. *	33,500		76,044
Dalsa Corp. *	1,600		23,382
Delphi Energy Corp. *	23,445		48,194
Denison Mines Corp. *	27,128		171,260
Descartes Systems Group, Inc. *	3,400		11,858
Dorel Industries, Inc., Class B	5,300		157,226
Draxis Health, Inc. *	7,000		33,621
Dundee Precious Metals, Inc. *	14,200		93,242
Dundee Wealth Management, Inc.	14,558		171,613
Duvernay Oil Corp. *	6,800		290,828
Eastern Platinum, Ltd. *	94,510		298,322
Eldorado Gold Corp. *	50,737		349,961
Emera, Inc. (a)	3,800		77,892
Empire Company, Ltd. *	4,200		157,983
Endeavour Silver Corp. *	7,800		26,217
Enghouse Systems, Ltd.	600		3,513
Ensign Energy Services, Inc.	16,600		323,607
Entree Gold, Inc. *	7,000		13,639
Equinox Minerals, Ltd. *	80,700		383,668
Equitable Group, Inc.	1,200		25,661
European Goldfields, Ltd. *	28,400		148,301
Evertz Technologies, Ltd.	8,000		139,120
Exco Technologies, Ltd.	2,900		10,030
Exfo Electro Optical Engineering, Inc. *	5,300		25,352
Farallon Resources, Ltd. *	48,500		37,328

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
First Calgary Petroleums, Ltd. *	30,400	$	85,592
First Nickel, Inc. *	30,500		14,263
Flint Energy Services, Ltd. *	4,800		88,803
FNX Mining Company, Inc. *	11,043		309,951
Forsys Metals Corp. *	5,300		13,683
Forzani Group, Ltd., Class A	9,822		168,604
Fronteer Development Group, Inc. *	12,700		63,101
Frontera Copper Corp. *	5,700		28,876
Galleon Energy, Inc., Class A *	11,400		164,372
Garda World Security Corp., Class A *	3,700		46,825
Gennum Corp.	3,042		29,488
Gentry Resources, Ltd. *	6,484		15,666
Glacier Ventures International Corp. *	13,200		54,011
Gluskin Sheff & Associates, Inc.	1,400		27,278
Gold Eagle Mines, Ltd. *	16,100		142,735
Golden Star Resources, Ltd. *	42,400		147,881
Grande Cache Coal Corp. *	41,100		182,987
Great Basin Gold, Ltd. *	23,700		85,892
Great Canadian Gaming Corp. *	9,200		101,909
Greystar Resources, Ltd. *	1,600		9,197
Guyana Goldfields, Inc. *	3,100		20,929
Hanfeng Evergreen, Inc. *	6,300		70,031
Harry Winston Diamond Corp.	8,400		201,233
Heroux-Devtek, Inc. *	6,500		50,660
High River Gold Mines, Ltd. *	36,700		94,034
Highpine Oil & Gas, Ltd. *	8,458		79,929
Home Capital Group, Inc.	4,000		138,925
HudBay Minerals, Inc. *	17,700		281,076
Hydrogenics Corp. *	18,000		9,996
IAMGOLD Corp.	42,900		318,056
Imperial Metals Corp. *	1,400		12,766
Indigo Books & Music, Inc. *	1,900		23,360
Intermap Technologies Corp., Class A *	4,400		23,919
International Forest Products, Ltd., Class A *	6,800		38,689
International Royalty Corp.	10,400		55,399
Intertape Polymer Group, Inc. *	8,100		19,255
Iteration Energy, Ltd. *	29,709		174,240
Ivanhoe Energy, Inc. *	25,300		46,338
Jinshan Gold Mines, Inc. *	5,100		13,515
Kaboose, Inc. *	10,800		15,467
Kereco Energy, Ltd. *	5,300		20,654
Kingsway Financial Services, Inc.	11,743		138,886
Kirkland Lake Gold, Inc. *	6,300		55,362
Labopharm, Inc. *	13,500		24,331
Laramide Resources, Ltd. *	2,800		8,375
Laurentian Bank of Canada (a)	7,100		294,320
Le Chateau, Inc.	2,600		31,435
Leon's Furniture, Ltd.	11,956		138,610
Linamar Corp.	35,408		473,969
MacDonald Dettwiler & Associates, Ltd. *	4,600		208,343
Magellan Aerospace Corp. *	2,900		3,249
Mahalo Energy, Ltd. *	12,900		31,042
Major Drilling Group International Company,
Inc. *	4,200		218,910
Maple Leaf Foods, Inc.	12,300		156,379
March Networks Corp. *	7,400		35,974

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

191

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Martinrea International, Inc. *	8,593	$	63,373
Maxim Power Corp. *	3,900		20,479
MDC Partners, Inc. *	3,100		22,500
MDS, Inc. *	18,700		364,363
Mega Brands, Inc. *	4,900		23,009
Mega Uranium, Ltd. *	5,500		11,252
Methanex Corp.	9,600		252,521
Migao Corp. *	5,400		37,405
Mosaid Technologies, Inc.	1,000		16,465
Neo Material Technologies, Inc. *	8,700		32,378
Neurochemical Company, Inc. *	2,400		3,788
Norbord, Inc. (a)	13,800		67,222
North American Palladium, Ltd. *	4,900		27,640
Northbridge Financial Corp.	5,600		178,947
Northgate Minerals Corp. *	37,300		118,828
Nova Chemicals Corp.	14,100		339,433
NuVista Energy, Ltd. *	6,900		106,211
Open Text Corp. *	8,000		253,144
Orvana Minerals, Corp. *	36,980		24,859
Pacific Rubiales Energy Corp. *	47,500		68,951
Pan American Silver Corp. *	10,400		402,139
Paramount Resources, Ltd. *	4,000		59,545
Pason Systems, Inc.	7,700		113,274
Patheon, Inc. *	20,772		61,317
Petaquilla Minerals Company, Ltd. *	6,500		16,908
Petrobank Energy & Resources, Ltd. *	1,176		53,504
Petrolifera Petroleum, Ltd. *	3,100		27,483
Platinum Group Metals, Ltd. *	5,000		14,613
Points International, Ltd. *	26,300		67,130
Polymet Mining Corp. *	7,100		22,688
ProEx Energy, Ltd. *	10,000		160,748
Q9 Networks, Inc. *	3,000		27,590
QLT, Inc. *	27,400		97,967
Quadra Mining, Ltd. *	9,000		165,717
Quebecor World, Inc. *	15,400		2,100
Quebecor, Inc. (a)	6,209		155,701
Quest Capital Corp.	39,200		77,144
Reitman's Canada, Ltd., Class A	6,900		124,361
Resin Systems, Inc. *	11,200		11,566
Resverlogix Corp. *	3,900		54,333
Richelieu Hardware, Ltd.	1,800		36,651
Ritchie Bros. Auctioneers, Inc.	4,300		355,118
RONA, Inc. *	17,200		239,119
Rothmans, Inc. (a)	10,700		272,386
Rubicon Minerals Corp. *	16,700		20,662
Russel Metals, Inc.	9,300		237,744
Samuel Manu-Tech, Inc.	2,000		16,932
Savanna Energy Services Corp.	10,000		187,442
Saxon Energy Services, Inc. *	18,642		108,970
Scorpio Mining Corp. *	17,400		23,054
Semafo, Inc. *	11,600		14,239
ShawCor, Ltd., Class A	8,100		220,956
Shore Gold, Inc. *	30,900		121,920
Sierra Wireless, Inc. *	7,000		111,910
Silver Standard Resources, Inc. *	8,900		271,392
Silvercorp Metals, Inc.	24,300		194,125

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Skye Resources, Inc. *	5,500	$	42,330
Softchoice Corp.	2,800		45,691
Stantec, Inc. *	6,800		199,538
Starfield Resources, Inc. *	39,500		33,479
Stella-Jones, Inc.	400		13,639
Storm Exploration, Inc. *	1,400		16,394
Stornoway Diamond Corp. *	43,700		19,584
SunOpta, Inc. *	19,500		100,877
Suramina Resources, Inc. *	5,200		5,623
SXC Health Solutions Corp. *	3,400		40,444
Synenco Energy, Inc. *	5,300		37,435
Tanzanian Royalty Exploration Corp. *	18,000		103,989
Taseko Mines, Ltd. *	16,000		81,212
Teal Exploration & Mining, Inc. *	600		2,052
Tembec, Inc. *	1,144		3,901
Tesco Corp. *	8,000		193,132
The Churchill Corp. *	2,100		41,286
Theratechnologies, Inc. *	8,600		58,481
Thompson Creek Metals Company, Inc. *	16,000		286,346
Timminco, Ltd. *	11,200		266,238
TLC Vision Corp. *	12,400		13,772
Toromont Industries, Ltd.	10,500		294,505
Torstar Corp., Class B (a)	8,900		143,066
Transat A.T., Inc., Class A	4,200		94,111
Transcontinental, Inc., Class A	11,200		203,716
Transglobe Energy Corp. *	5,900		28,740
Transition Therapeutics, Inc. *	300		3,244
Trican Well Service, Ltd.	15,900		332,886
Tristar Oil & Gas, Ltd. *	6,500		91,568
Uex Corp. *	24,200		95,720
Uni-Select, Inc.	3,530		84,566
Uranium Participation Corp. *	11,400		106,065
Ur-Energy, Inc. *	8,500		15,071
UTS Energy Corp. *	84,700		431,566
Vecima Networks, Inc. *	1,300		7,662
Verenex Energy, Inc. *	2,400		21,277
Vero Energy, Inc. *	10,300		76,765
Viterra, Inc. *	34,300		484,200
Vitran Corp., Inc. *	600		7,891
Wesdome Gold Mines, Ltd. *	15,100		24,273
West Energy, Ltd. *	5,200		17,224
West Fraser Timber Company, Ltd.	5,600		183,584
Western Canadian Coal Corp. *	12,500		39,700
Western Financial Group, Inc.	3,500		14,253
Westport Innovations, Inc. *	10,000		29,714
Wi-LAN, Inc. *	7,300		14,366
Winpak, Ltd.	800		4,154
Xantrex Technology, Inc. *	9,900		67,418
Xceed Mortgage Corp.	1,800		2,315
Xtreme Coil Drilling Corp. *	1,300		9,499
YM Biosciences, Inc. *	11,000		10,717
Yukon-Nevada Gold Corp. *	38,750		66,443
Zarlink Semiconductor, Inc. *	36,500		29,159
ZCL Composites, Inc. *	4,500		37,308
			24,817,410

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

192

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Denmark - 1.12%
Alm. Brand Skadesforsikring A/S *	2,600	$	163,859
Amagerbanken A/S * (a)	2,125		89,584
Bang & Olufsen AS, Series B	2,200		137,730
Capinordic A/S *	7,100		22,461
Det Ostasiatiske Kompagni AS * (a)	3,600		316,269
DFDS A/S *	600		93,439
EDB Gruppen A/S, Series B *	800		21,965
Fionia Bank A/S	1,700		48,542
Fluegger A/S, Series B	250		25,940
Forstaedernes Bank A/S (a)	3,900		104,175
IC Companys A/S (a)	1,800		68,643
Lan & Spar Bank A/S	300		26,304
NeuroSearch A/S *	4,400		254,740
Ostjydsk Bank A/S	200		36,242
Parken Sport & Entertainment A/S * (a)	450		111,870
Ringkjoebing Bank A/S	100		9,651
Ringkjoebing Landbobank A/S (a)	270		38,232
Roskilde Bank A/S	473		23,826
Royal Unibrew A/S	900		94,514
Schouw & Company A/S, Series B	1,700		138,514
SimCorp A/S (a)	950		197,711
Sjaelso Gruppen A/S *	1,500		42,685
Spar Nord Bank A/S	7,125		146,059
Sparbank Vest A/S	670		39,324
TK Development A/S *	7,000		91,804
Vestjysk Bank A/S	1,015		42,603
			2,386,686
Finland - 2.38%
Alma Media Oyj (a)	10,800		145,081
Amer Sports Oyj, A Shares	22,292		448,748
BasWare Oyj	2,400		29,952
Cramo Oyj, Series B	2,350		60,485
Elektrobit Corp.	2,752		6,213
Finnair Oyj (a)	400		4,591
Finnlines Oyj * (a)	3,300		70,480
Fiskars Oyj Abp, Series A	3,428		67,626
F-Secure Oyj	12,250		48,761
HK Ruokatalo Oyj, Series A	1,737		26,031
Huhtamaki Oyj (a)	20,236		216,654
KCI Konecranes Oyj	34,538		1,334,993
Kemira Oyj	13,900		212,815
Lassila & Tikanoja Oyj * (a)	1,595		45,167
Lemminkainen Oyj	2,400		133,090
M-real Oyj, Series B (a)	14,800		49,585
Nokian Renkaat Oyj	18,660		799,341
OKO Bank PLC, Series A (a)	8,445		159,143
Olvi Oyj, Series A	1,500		61,737
Orion Oyj, Series B (a)	7,000		151,707
PKC Group Oyj (a)	2,600		28,913
Poyry Oyj	6,000		149,094
Raisio Oyj (a)	15,004		34,084
Ramirent Oyj (a)	8,400		159,645
Stockmann Oyj Abp, Series B	4,700		222,348
Teleste Oyj (a)	2,450		26,283
Uponor Oyj	11,500		270,426
Vacon Oyj	1,450		64,164

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Finland (continued)
Vaisala Oyj, Series A (a)	1,350	$	61,030
			5,088,187
France - 5.24%
Alten SA *	4,110		121,461
Altran Technologies SA *	15,624		120,890
April Group SA (a)	3,596		179,497
Archos SA * (a)	918		11,293
Arkema *	2,412		135,194
Assystem SA	4,374		57,835
Atos Origin SA *	6,558		365,131
Audika SA	1,685		81,871
Bacou Dalloz SA	1,635		188,903
Beneteau SA	11,245		302,588
Boiron SA	1,711		47,474
Bonduelle SCA	1,293		155,735
Bongrain SA	1,775		191,732
Bourbon SA	6,470		389,767
Bull SA *	11,037		45,693
Canal Plus SA	17,822		191,090
Carbone Lorraine SA	3,353		203,159
Cegedim SA	323		26,262
Cegid SA	888		31,574
Clarins SA	1,750		118,621
Club Mediterranee SA *	2,241		120,210
Compagnie Plastic Omnium SA	1,821		72,140
Delachaux SA (a)	1,122		92,984
Electricite de Strasbourg SA	598		114,183
Esso SAF	209		44,258
Etablissements Maurel et Prom SA	9,440		194,040
Etam Developpement SA	1,766		69,252
Faurecia SA *	1,280		66,742
Fleury Michon SA	660		39,182
Gaumont SA	468		41,645
Geodis SA	1,235		142,203
GFI Informatique SA	11,081		71,139
GL Events SA	3,057		148,552
Groupe Crit SA	1,865		54,252
Groupe Open SA *	2,445		40,486
Groupe Steria SCA	2,310		76,025
Guerbet SA	538		105,790
Guyenne & Gascogne SA	940		145,807
Havas SA	36,162		152,084
Ingenico SA	4,489		147,429
International Metal Service SA	4,492		178,717
Ipsos SA	3,732		115,975
Lafuma SA	374		20,666
Laurent-Perrier SA	1,029		162,203
Lectra SA	4,540		30,247
Lisi SA	594		61,108
LVL Medical Groupe SA *	1,337		35,617
Maisons France Confort SA	1,467		78,842
Manitou BF SA	3,265		123,909
Manutan SA	1,190		103,304
Mr. Bricolage SA	1,756		43,522
Nexity SA	1,600		68,799
Norbert Dentressangle SA	972		82,921

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

193

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Oberthur Card Systems SA	8,964	$	62,911
Orpea SA *	3,896		236,084
Penauille Polyservices SA	26,481		211,037
Pierre & Vacances SA	1,373		165,292
Pinguely-Haulotte SA	4,594		104,668
Radiall SA	349		44,071
Rallye SA	4,064		257,455
Remy Cointreau SA	2,978		200,767
Rhodia SA *	6,574		153,213
Robertet SA	257		33,879
Rubis SA	1,804		152,486
Saft Groupe SA *	1,521		59,896
Samse SA	120		12,743
SCOR SE	7,560		180,086
SEB SA	1,735		317,608
Sechilienne-Sidec SA	1,302		100,721
Silicon-On-Insulator Technologies SA * (a)	9,950		71,182
Societe BIC SA	4,476		276,012
Societe des Bains de Mer & du Cercle des
Etrangers a Monaco	42		36,392
Somfy SA	279		70,135
Sopra Group SA	1,899		141,839
Spir Communication SA	492		46,896
SR Teleperformance SA	8,724		325,267
Stallergenes SA	2,288		168,285
Sucriere de Pithiviers-Le-Vieil SA *	56		45,135
Theolia SA *	6,555		198,912
Toupargel-Agrigel SA (a)	862		27,531
Trigano SA	2,742		105,879
UbiSoft Entertainment SA *	5,864		505,118
Union Financiere de France Banque SA	1,436		86,124
Valeo SA	7,587		301,142
Viel & Compagnie SA	6,946		44,537
Vilmorin & Compagnie SA	676		117,422
Virbac SA	1,341		123,408
VM Materiaux SA	260		25,599
Vranken-Pommery Monopole Group	604		47,393
Zodiac SA	2,968		145,727
			11,212,855
Germany - 5.47%
Aareal Bank AG	5,748		188,119
Adlink Internet Media AG * (a)	2,787		66,357
ADVA AG Optical Networking * (a)	4,236		11,971
Aixtron AG *	9,269		126,970
Altana AG	6,250		131,581
Baader Wertpapierhandelsbank AG	7,224		44,149
Balda AG *	8,571		32,305
Bechtle AG	3,618		113,968
Bilfinger Berger AG	6,257		537,894
Biotest AG	1,095		65,678
Boewe Systec AG	415		13,313
ComBOTS AG *	2,445		42,803
Comdirect Bank AG	13,892		176,740
Conergy AG	3,100		65,741
CTS Eventim AG	4,424		181,066
Curanum AG	4,385		34,158

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
DAB Bank AG	4,866	$	42,950
Deutsche Wohnen AG	2,312		66,173
Deutz AG * (a)	12,688		146,151
Douglas Holding AG (a)	6,772		368,589
Drillisch AG *	6,982		49,044
Duerr AG *	3,024		127,015
DVB Bank AG	111		47,214
Elexis AG *	1,469		39,096
Epcos AG	12,094		183,969
Escada AG *	2,952		80,870
Euwax AG	514		38,745
Evotec AG *	8,820		23,533
Fielmann AG	888		54,614
Freenet AG *	10,573		167,258
Fuchs Petrolub AG	908		86,058
Gerry Weber International AG	1,916		67,616
GFK AG	3,458		136,876
GPC Biotech AG *	6,031		20,186
Grammer AG *	1,414		37,118
Grenkeleasing AG	2,175		75,799
Hawesko Holding AG	1,452		47,504
Heidelberger Druckmaschinen AG	2,386		64,226
Indus Holding AG	1,153		40,390
Interseroh AG	587		47,205
IWKA AG *	5,877		202,737
Jenoptik AG *	10,554		73,691
Kontron AG	8,043		129,531
Krones AG	3,846		316,673
KWS Saat AG	1,154		231,428
Lanxess AG	1,932		77,654
Leoni AG	5,311		253,804
Loewe AG *	1,751		29,243
Medigene AG *	5,637		39,268
Medion AG *	5,909		149,676
MLP AG	5,331		76,126
Morphosys AG *	835		51,641
MTU Aero Engines Holding AG	6,361		268,828
MVV Energie AG	7,277		357,382
Nemetschek AG	1,480		43,230
Norddeutsche Affinerie AG	8,123		321,276
Nordex AG *	3,465		133,467
Pfeiffer Vacuum Technology AG	1,555		143,403
Pfleiderer AG	7,375		185,927
Premiere AG *	12,768		275,618
Qiagen AG *	24,399		504,747
QSC AG *	15,992		42,616
Rational AG	757		149,860
Renk AG (a)	935		82,663
REpower Systems AG *	1,685		404,563
Rheinmetall AG	2,382		168,146
Rhoen-Klinikum AG	9,308		275,529
Sartorius AG (a)	2,096		92,654
SGL Carbon AG *	12,222		772,215
Singulus Technologies AG *	7,199		119,258
Sixt AG	1,713		76,394
Software AG (a)	4,040		309,690

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

194

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
Stratec Biomedical Systems AG	485	$	10,657
Takkt AG	8,363		150,383
Technotrans AG	1,646		33,724
Utimaco Safeware AG	3,229		52,932
Vivacon AG	761		16,085
Vossloh AG	2,510		356,006
Washtec AG *	2,025		30,481
Wincor Nixdorf AG	5,400		431,183
Wire Card AG *	14,643		256,547
WMF Wuerttembergische
Metallwarenfabrik AG	1,601		76,783
Wuerttembergische Lebensversicherung AG	905		41,434
			11,706,165
Greece - 1.53%
Alapis Holding Industrial & Commercial SA *	55,053		189,168
Anek Lines SA	18,124		58,107
Aspis Bank SA	10,322		40,282
Astir Palace Hotel SA *	5,170		41,814
Athens Medical Center SA	8,110		40,058
Bank of Attica SA *	6,050		29,608
Bank of Greece SA	1,770		254,394
C. Rokas SA	1,840		31,060
Diagnostic & Therapeutic Center of Athens
Hygeia SA *	12,675		78,918
Fourlis SA	6,310		205,861
Frigoglass SA	6,090		188,132
GEK Group of Companies SA	4,760		55,008
Geniki Bank SA *	13,566		87,887
Halcor SA	9,000		32,043
Hellenic Technodomiki Tev SA	24,760		302,809
Heracles General Cement SA	4,800		125,299
Iaso SA	12,190		186,142
Inform P Lykos SA	7,817		37,740
Intracom Holdings SA	26,470		90,303
Intracom SA Technical & Steel Constructions *	26,335		33,661
J&P-Avax SA	12,630		107,720
Loulis Mills SA *	9,563		44,395
Metka SA	4,120		87,201
Michaniki SA	11,010		83,474
Minoan Lines Shipping SA	16,950		117,297
Motodynamic SA *	320		2,135
Motor Oil Hellas Corinth Refineries SA	3,659		77,163
Mytilineos Holdings SA	9,312		113,386
Neochimiki LV Lavrentiadis SA	2,640		71,817
S&B Industrial Minerals SA	3,520		52,336
Sarantis SA	3,860		72,567
Teletypos SA Mega Channel	6,908		62,164
Terna SA	6,510		73,630
Viohalco SA	18,710		193,806
			3,267,385
Hong Kong - 2.33%
Alco Holdings, Ltd.	86,000		28,289
Allied Group, Ltd.	28,000		105,410
Asia Financial Holdings, Ltd.	78,000		38,321
Asia Standard Hotel Group, Ltd.	3,610,000		35,448
Asia Standard International Group, Ltd.	2,016,000		38,299

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
Associated International Hotels *	10,000	$	19,983
Burwill Holdings, Ltd. *	398,000		20,103
Cafe de Coral Holdings, Ltd.	56,000		107,266
Century City International Holdings, Ltd.	3,496,000		48,686
Champion Technology Holdings, Ltd.	316,803		54,141
Chen Hsong Holdings, Ltd.	56,000		26,438
Cheuk Nang Holdings, Ltd.	38,857		27,686
Chevalier International Holdings, Ltd. (a)	32,000		25,282
China Grand Forestry Resources Group, Ltd. *	548,000		60,543
China Metal International Holdings, Inc.	114,000		28,709
China Seven Star Shopping, Ltd. *	310,000		7,414
China Solar Energy Holdings, Ltd. *	550,000		34,574
Chinese People Gas Holdings Company, Ltd. * (a)	348,000		12,132
Chong Hing Bank, Ltd.	80,000		189,635
Chuang's China Investments, Ltd.	371,000		28,092
Chuang's Consortium International, Ltd.	248,000		35,818
Coastal Greenland, Ltd.	200,000		30,484
COL Capital, Ltd.	10,000		4,645
Dickson Concepts International, Ltd.	39,000		26,626
DVN Holdings Company, Ltd. *	112,000		10,168
EganaGoldpfeil Holdings, Ltd. * (a)	103,373		8,766
Emperor Capital Group, Ltd.	28,400		2,987
Emperor Entertainment Hotel, Ltd.	175,000		41,006
Emperor International Holdings, Ltd.	142,000		58,121
eSun Holdings, Ltd. * (a)	100,000		32,320
Extrawell Pharmaceutical Holdings, Ltd. *	130,000		26,392
Far East Consortium International, Ltd. (a)	414,188		158,286
Fong's Industries Company, Ltd.	62,000		35,212
Fountain Set Holdings, Ltd.	118,000		18,779
Fubon Bank, Ltd.	68,000		50,098
Fushan International Energy Group, Ltd. *	38,000		18,185
Giordano International, Ltd.	200,000		81,261
Glorious Sun Enterprises, Ltd.	86,000		42,056
Golden Resorts Group, Ltd. *	830,000		30,619
Hang Fung Gold Technology, Ltd. (a)	90,000		25,639
Hanny Holdings, Ltd.	1,640,000		27,590
Hi Sun Technology China, Ltd. *	72,000		9,230
HKR International, Ltd.	110,400		75,570
Hon Kwok Land Investment Company, Ltd.	94,000		28,572
Hongkong Chinese, Ltd.	240,000		37,241
Hung Hing Printing Group, Ltd.	50,000		16,760
Hutchison Harbour Ring, Ltd.	494,000		38,226
i-Cable Communications, Ltd. (a)	182,000		27,160
Imagi International Holdings, Ltd. *	170,000		32,667
Integrated Distribution Services Group, Ltd.	13,000		36,476
ITC Corp., Ltd.	678,559		34,635
ITC Properties Group Ltd *	920,000		28,281
K Wah International Holdings, Ltd.	511,344		199,862
Kantone Holdings, Ltd.	574,627		46,871
Karl Thomson Holdings, Ltd. *	92,000		17,120
Keck Seng Investments, Ltd.	61,000		31,604
Lai Fung Holdings, Ltd.	666,000		25,363
Lai Sun Development Company, Ltd. *	2,324,000		37,176
Liu Chong Hing Investment, Ltd.	30,000		35,523
Luks Group Vietnam Holdings Company, Ltd.	44,000		34,515
Lung Kee Holdings, Ltd.	78,000		37,491

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

195

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
Matsunichi Communication Holdings, Ltd.	45,000	$	38,900
Midland Holdings, Ltd.	98,000		98,250
Mirabell International Holdings, Ltd.	68,000		50,028
Miramar Hotel & Investment Company, Ltd.	11,000		16,043
Nan Hai Corp., Ltd. *	4,050,000		41,488
Next Media, Ltd.	96,000		38,271
Oriental Press Group, Ltd.	208,000		29,252
Oriental Watch Holdings, Ltd.	128,000		57,953
Pacific Andes International Holdings, Ltd. (a)	290,384		45,002
Pacific Century Premium Developments, Ltd.	160,000		58,103
Paliburg Holdings, Ltd.	1,242,000		34,811
Peace Mark Holdings, Ltd.	90,000		81,975
Pico Far East Holdings, Ltd.	192,000		23,070
Playmates Holdings, Ltd.	31,800		20,562
Playmates Toys Ltd *	31,800		1,430
Ports Design, Ltd.	55,000		156,460
Prime Success International Group, Ltd.	44,000		23,742
Public Financial Holdings, Ltd.	54,000		45,202
PYI Corp., Ltd.	122,075		28,975
Regal Hotels International Holdings, Ltd.	1,252,000		74,549
Road King Infrastructure, Ltd.	29,000		33,082
Sa Sa International Holdings, Ltd.	116,000		43,979
SEA Holdings, Ltd.	96,000		64,233
Shaw Brothers Hong Kong, Ltd.	24,000		48,211
Shell Electric Manufacturing Company, Ltd.	58,000		41,961
Shui On Construction & Materials, Ltd.	16,000		37,736
Singamas Container Holdings, Ltd.	60,000		16,997
Sino Biopharmaceutical, Ltd.	180,000		35,566
Sino-I Technology, Ltd. *	2,960,000		32,027
Skyfame Realty Holdings, Ltd. *	216,000		39,408
Smartone Telecommunications Holdings, Ltd.	48,000		50,557
Solomon Systech International, Ltd.	204,000		11,868
Symphony Holdings, Ltd.	476,000		37,448
Tack Fat Group International, Ltd. (a)	272,000		24,115
TAI Cheung Holdings, Ltd.	81,000		43,243
TCC International Holdings, Ltd. *	132,353		87,130
Texwinca Holdings, Ltd.	218,000		156,741
Tian An China Investment, Ltd. (a)	172,800		153,554
Titan Petrochemicals Group, Ltd. *	620,000		29,991
Truly International Holdings, Ltd.	32,000		37,161
Upbest Group, Ltd.	158,000		17,490
Varitronix International, Ltd.	68,000		39,883
Victory City International Holdings, Ltd. (a)	140,666		39,678
Vitasoy International Holdings, Ltd.	88,000		38,437
Vongroup, Ltd. *	210,000		7,617
VST Holdings Company, Ltd.	176,000		37,421
VTech Holdings, Ltd. *	15,000		73,381
Wai Kee Holdings, Ltd.	138,000		41,169
Wing On Company International, Ltd.	36,000		60,353
Yanion International Holdings, Ltd. *	188,000		17,154
Yip's Chemical Holdings, Ltd.	84,000		62,115
Yugang International, Ltd.	1,366,000		27,728
			4,983,352
Ireland - 1.40%
DCC PLC	14,020		331,058
DCC PLC	3,284		77,586

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Ireland (continued)
Dragon Oil PLC * (a)	38,971	$	346,271
FBD Holdings PLC - London	3,211		149,736
FBD Holdings PLC	2,085		96,916
Fyffes PLC	91,341		129,784
Greencore Group PLC - London	17,305		104,312
Greencore Group PLC	25,733		151,940
Iaws Group PLC	20,622		482,686
IFG Group PLC	10,000		30,047
Independent News & Media PLC - London	14,983		49,664
Independent News & Media PLC	27,385		89,801
Irish Continental Group PLC * (a)	6,023		216,349
Kingspan Group PLC - London	13,599		184,387
McInerney Holdings PLC (a)	17,625		33,388
Paddy Power PLC	6,582		243,690
United Drug PLC (a)	45,054		270,623
			2,988,238
Italy - 2.94%
Acea SpA	7,778		152,456
Acegas-APS SpA (a)	3,244		28,329
Actelios SpA	11,733		116,655
Aedes SpA	7,571		22,938
Amplifon SpA (a)	29,013		98,715
Astaldi SpA	12,792		98,562
Azimut Holding SpA	10,025		104,093
Banca IFIS SpA	2,977		43,925
Banca Intermobiliare SpA (a)	11,595		95,253
Banca Popolare dell'Etruria e del Lazio Scrl	11,594		135,029
Banca Profilo SpA	25,537		56,901
Banco di Desio e della Brianza SpA	16,649		167,690
Benetton Group SpA	5,932		84,260
Biesse SpA	2,824		60,543
Brembo SpA	8,798		127,252
Caltagirone Editore SpA (a)	9,271		58,165
Caltagirone SpA	14,027		105,732
Cementir SpA	21,620		201,088
CIR-Compagnie Industriali Riunite SpA	36,409		97,562
Credito Artigiano SpA	17,767		78,575
Credito Artigiano SpA *	4,442		16,971
Credito Bergamasco SpA	4,117		189,881
Credito Emiliano SpA	7,314		97,164
Cremonini SpA	16,373		76,529
Danieli & Company SpA	1,241		44,872
Davide Campari Milano SpA	4,866		47,213
De Longhi SpA	20,127		86,674
Digital Multimedia Technologies SpA * (a)	2,000		66,511
ERG SpA	5,558		125,142
Esprinet SpA	2,798		31,854
Gemina SpA	43,195		63,689
Gewiss SpA (a)	11,538		67,492
Gruppo Editoriale L'Espresso SpA	18,698		76,515
Hera SpA	30,630		123,788
Immsi SpA	62,334		101,971
Impregilo SpA *	59,632		324,294
Indesit Company SpA	7,188		93,853
Industria Macchine Automatiche SpA	5,726		120,996
Intek SpA	44,100		42,808

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

196

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Interpump SpA	10,206	$	98,043
Iride SpA	34,948		110,807
Mariella Burani SpA	1,547		42,779
Marr SpA	13,000		146,552
Meliorbanca SpA	18,050		78,401
Milano Assicurazioni SpA	7,039		47,302
Mirato SpA	2,533		32,746
Mondadori (Arnoldo) Editore SpA (a)	14,050		118,754
Navigazione Montanari SpA	18,714		74,823
Permasteelisa SpA	4,548		86,683
Piccolo Credito Valtellinese Scrl	13,194		172,466
Premafin Finanziaria SpA	37,390		99,340
Premuda SpA	21,068		42,424
Recordati SpA	18,435		137,955
Reno de Medici SpA * (a)	57,383		33,825
Risanamento SpA *	5,850		17,247
Sabaf SpA	1,000		37,025
SAES Getters SpA (a)	2,698		78,132
Save SpA (a)	3,100		53,808
Societa Cattolica di Assicurazioni Scrl (a)	7,942		388,691
Societa Partecipazioni Finanziarie SpA *	42,415		30,983
Socotherm SpA	2,568		24,227
Sogefi SpA	12,908		110,853
Sol SpA	7,134		50,696
Sorin SpA *	17,000		27,692
Telecom Italia Media SpA *	181,160		39,988
Tiscali SpA * (a)	31,647		99,813
Tod's SpA	664		41,056
Trevi Finanziaria SpA	4,846		98,176
Vianini Lavori SpA	5,861		82,609
Vittoria Assicurazioni SpA	3,029		52,973
			6,288,809
Japan - 22.57%
Abilit Corp. (a)	3,100		6,740
Achilles Corp.	24,000		34,241
Adeka Corp.	9,500		96,666
Aderans Company, Ltd. (a)	6,600		122,227
Aeon Delight Company, Ltd. (a)	3,400		84,616
Aeon Fantasy Company, Ltd.	1,680		14,948
Ahresty Corp.	3,100		41,825
AI Holdings Corp. (a)	5,900		32,633
Aica Kogyo Company, Ltd.	6,000		51,251
Aichi Bank, Ltd. (a)	1,600		117,595
Aichi Corp.	10,900		81,704
Aichi Machine Industry Company, Ltd.	12,000		22,310
Aichi Steel Corp. (a)	15,000		72,916
Aida Engineering, Ltd.	10,000		63,064
Aigan Company, Ltd.	4,800		35,606
Aiphone Company, Ltd.	2,600		39,344
Airport Facilities Company, Ltd. (a)	7,000		46,163
Aisan Industry Company, Ltd.	5,900		61,115
Akebono Brake Industry Company, Ltd. (a)	15,000		108,106
Akita Bank, Ltd.	31,000		142,607
Aloka Company, Ltd.	5,000		66,548
Alpha Corp. (a)	1,000		10,278
Alpha Systems, Inc. (a)	1,300		40,509

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Alpine Electronics, Inc.	8,100	$	90,058
Alps Logistics Company, Ltd.	2,000		20,625
Amano Corp. (a)	8,000		82,667
Ando Corp.	14,000		21,439
Anest Iwata Corp. (a)	7,000		26,958
Anritsu Corp. (a)	14,000		39,211
AOC Holdings, Inc.	5,800		52,836
AOI Electronic Company, Ltd. (a)	1,700		19,118
AOKI Holdings, Inc. (a)	2,900		48,736
Aomori Bank, Ltd. (a)	32,000		138,773
Arakawa Chemical Industries, Ltd.	3,500		41,045
Araya Industrial Company, Ltd.	14,000		32,681
Arealink Company, Ltd. (a)	105		6,408
Ariake Japan Company, Ltd. (a)	2,600		35,678
Arisawa Manufacturing Company, Ltd.	5,700		44,490
Aronkasei Company, Ltd.	7,000		25,496
Art Corp. (a)	2,000		32,165
As One Corp. (a)	3,190		73,132
Asahi Diamond Industrial Company, Ltd.	8,000		47,777
Asahi Kogyosha Company, Ltd. (a)	12,000		42,607
Asahi Organic Chemicals
Industry Company, Ltd. (a)	20,000		55,518
Asahi Pretec Corp. (a)	3,000		80,719
Asahi Tec Corp. * (a)	26,000		23,180
Asanuma Corp.	21,000		25,953
Ashimori Industry Company, Ltd.	12,000		20,176
Asia Securities Printing Company, Ltd. (a)	5,200		42,177
ASKA Pharmaceutical Company, Ltd.	5,000		41,673
Asunaro Aoki Construction Company, Ltd.	6,000		32,450
Atsugi Company, Ltd.	27,000		31,958
Autobacs Seven Company, Ltd.	6,800		187,326
Avex Group Holdings, Inc. (a)	2,800		30,267
Awa Bank (The), Ltd.	20,000		115,732
Azel Corp. (a)	14,000		21,786
Bando Chemical Industries, Ltd.	9,000		32,685
Bank of Ikeda, Ltd. (a)	3,500		95,024
Bank of Iwate, Ltd.	2,900		190,328
Bank of Nagoya (The), Ltd. (a)	26,594		163,370
Bank of Okinawa, Ltd.	3,600		131,922
Bank of Saga, Ltd.	25,000		84,417
Bank of the Ryukyus, Ltd. * (a)	5,100		45,567
Belluna Company, Ltd.	4,200		35,329
Best Denki Company, Ltd. (a)	15,000		121,069
Bookoff Corp. (a)	2,000		11,718
BSL Corp. *	23,000		6,276
Bunka Shutter Company, Ltd.	7,000		22,345
CAC Corp.	3,400		40,964
Canon Electronics, Inc. (a)	4,400		100,374
Canon Finetech, Inc.	4,000		55,752
Capcom Company, Ltd. (a)	5,400		186,451
Cawachi, Ltd.	3,300		85,700
Central Finance Company, Ltd.	8,000		20,824
Central Glass Company, Ltd. (a)	19,000		74,834
Century Leasing System, Inc. (a)	8,000		70,750
CFS Corp.	6,000		32,373
Chiba Kogyo Bank, Ltd. *	3,600		49,577

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

197

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Chiyoda Company, Ltd. (a)	4,100	$	68,055
Chofu Seisakusho Company, Ltd. (a)	5,400		108,636
Chubu Shiryo Company, Ltd.	1,000		6,612
Chudenko Corp. (a)	6,300		99,173
Chuetsu Pulp & Paper Company, Ltd.	15,000		26,146
Chugai Mining Company, Ltd. (a)	34,900		14,447
Chugai Ro Company, Ltd. (a)	9,000		39,904
Chugoku Marine Paints, Ltd.	7,000		49,328
Chukyo Bank, Ltd.	38,000		108,750
Chuo Spring Company, Ltd.	9,000		32,682
CKD Corp. (a)	8,000		53,644
Clarion Company, Ltd.	26,000		65,961
Cleanup Corp. (a)	4,000		19,782
CMK Corp. (a)	8,000		81,530
Coca-Cola Central Japan Company, Ltd.	12		103,321
Colowide Company, Ltd. (a)	5,500		29,002
Commuture Corp.	4,000		18,098
Computer Engineering & Consulting, Ltd. (a)	2,900		26,118
Corona Corp.	5,100		55,795
Cosel Company, Ltd. (a)	5,800		62,787
Cosmo Securities Company, Ltd. * (a)	22,000		19,983
Cross Plus, Inc.	1,000		10,207
Culture Convenience Club Company, Ltd.	3,800		18,411
Cybozu, Inc. (a)	50		12,782
D&M Holdings, Inc. *	11,000		37,526
D.G. Roland Corp. (a)	3,000		74,005
Dai Nippon Toryo Company, Ltd.	22,000		29,976
Dai-Dan Company, Ltd.	6,000		26,232
Daido Kogyo Company, Ltd. (a)	16,000		32,754
Daidoh, Ltd. (a)	4,000		47,432
Daiei, Inc. *	8,150		48,530
Daihen Corp. (a)	21,000		75,611
Daiho Corp.	13,000		13,514
Daiichi Jitsugyo Company, Ltd.	7,000		32,403
Daiken Corp. (a)	11,000		23,278
Daiko Clearing Services Corp.	3,000		17,167
Daikoku Denki Company, Ltd. (a)	1,400		12,363
Daikyo, Inc. (a)	7,144		15,183
Daimei Telecom Engineering Corp.	7,000		64,084
Dainichi Company, Ltd.	3,800		18,376
Dainichiseika Color & Chemicals
Manufacturing Company, Ltd.	16,000		69,660
Dainippon Screen Manufacturing
Company, Ltd. (a)	23,000		97,289
Daio Paper Corp. (a)	13,000		88,048
Daisan Bank, Ltd.	32,000		119,063
Daiseki Company, Ltd. (a)	5,000		150,830
Daiso Company, Ltd.	13,000		42,702
Daisyo Corp.	2,500		27,225
Daito Bank, Ltd.	20,000		18,974
Daiwa Industries, Ltd.	4,000		17,090
Daiwa Seiko, Inc. (a)	17,000		29,727
Daiwabo Company, Ltd.	20,000		45,106
Daiwabo Information System Company, Ltd. (a)	2,500		45,440
DC Company, Ltd.	9,000		28,181
DCM Japan Holdings Company, Ltd. (a)	19,500		98,134
Denki Kogyo Company, Ltd. (a)	8,000		49,147

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Denyo Company, Ltd.	3,000	$	32,553
Descente, Ltd. (a)	9,000		52,591
DIA Kensetsu Company, Ltd. * (a)	15,300		4,163
Doshisha Company, Ltd. (a)	2,200		36,136
Doutor Nichires Holdings Company, Ltd. (a)	6,893		136,579
DTS Corp.	4,800		97,281
Dydo Drinco, Inc.	2,300		95,259
Eagle Industry Company, Ltd.	8,000		54,579
Ehime Bank, Ltd.	19,000		73,791
Eighteenth Bank, Ltd.	29,000		107,100
Eiken Chemical Company, Ltd.	4,000		35,455
Eizo Nanao Corp.	2,900		56,461
Eneserve Corp. *	5,000		20,777
Enplas Corp. (a)	4,500		47,875
Epson Toyocom Corp. (a)	12,000		42,107
Espec Corp.	3,000		30,449
Ezaki Glico Company, Ltd. (a)	11,000		135,968
F&A Aqua Holdings, Inc.	3,800		24,977
Fancl Corp. (a)	7,900		109,487
FDK Corp. * (a)	21,000		24,635
Foster Electric Company, Ltd.	3,000		61,506
FP Corp. (a)	3,200		78,579
France Bed Holdings Company, Ltd. (a)	44,000		59,441
Fudo Construction Company, Ltd.	29,000		26,950
Fuji Company, Ltd. (a)	3,700		62,660
Fuji Corp., Ltd.	6,000		18,952
Fuji Kyuko Company, Ltd. (a)	19,000		76,507
Fuji Oil Company, Ltd.	9,400		87,600
Fuji Software ABC, Inc. (a)	5,600		105,255
Fujibo Holdings, Inc.	14,000		22,327
Fujicco Company, Ltd.	4,000		44,842
Fujikura Kasei Company, Ltd.	4,000		31,631
Fujikura Rubber, Ltd.	5,000		20,844
Fujita Corp. (a)	4,800		12,833
Fujita Kanko, Inc. (a)	6,000		42,793
Fujitec Company, Ltd. (a)	15,000		85,103
Fujitsu Business Systems, Ltd.	5,600		65,082
Fujitsu Frontech, Ltd.	4,000		29,535
Fujitsu General, Ltd. * (a)	12,000		39,216
Fujiya Company, Ltd. * (a)	19,000		28,972
Fukuda Corp.	8,000		22,424
Fukui Bank, Ltd.	35,000		111,100
Fukushima Bank, Ltd.	22,000		20,834
Fukushima Industries Corp.	3,500		35,094
Fukuyama Transporting Company, Ltd.	34,000		125,396
Funai Consulting Company, Ltd.	5,000		30,227
Furukawa Company, Ltd.	51,000		94,208
Furusato Industries, Ltd.	2,000		20,223
Fuso Pharmaceutical Industries, Ltd. (a)	13,000		34,226
Futaba Corp. (a)	6,500		112,437
Future System Consulting Corp.	39		22,853
Fuyo General Lease Company, Ltd.	3,000		87,680
Gakken Company, Ltd. (a)	13,000		38,696
Gecoss Corp.	5,500		25,164
Gigas K's Denki Corp. (a)	4,000		80,226
GMO Internet, Inc. (a)	3,500		22,247

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

198

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Godo Steel, Ltd. (a)	31,000	$	103,673
Goldcrest Company, Ltd.	1,320		30,093
Goldwin, Inc. *	11,000		22,665
Gourmet Kineya Company, Ltd.	5,000		38,179
Green Hospital Supply, Inc. (a)	38		24,014
GS Yuasa Corp. (a)	53,000		151,767
Gulliver International Company, Ltd. (a)	910		32,682
Gun-Ei Chemical Industry Company, Ltd. (a)	11,000		23,955
Gunze, Ltd. (a)	20,000		84,672
Hakuto Company, Ltd.	2,600		23,838
Hanwa Company, Ltd. (a)	36,000		154,149
Happinet Corp. (a)	1,600		24,685
Harashin Narus Holdings Company, Ltd.	3,000		30,168
Harima Chemicals, Inc.	5,000		27,252
Haruyama Trading Company, Ltd.	2,700		17,260
Hazama Corp. (a)	19,600		21,310
Heiwa Corp.	5,900		56,369
Heiwado Company, Ltd.	7,000		107,565
Hibiya Engineering, Ltd.	5,000		42,733
Higashi-Nippon Bank, Ltd.	29,000		100,611
HIS Company, Ltd.	2,400		34,932
Hitachi Information Systems, Ltd.	6,200		134,012
Hitachi Kokusai Electric, Inc. (a)	10,000		103,915
Hitachi Maxell, Ltd.	7,100		73,837
Hitachi Medical Corp.	5,000		34,277
Hitachi Plant Technologies, Ltd. (a)	21,000		66,197
Hitachi Software Engineering Company, Ltd. (a)	4,900		114,798
Hitachi Systems & Services, Ltd.	4,000		88,215
Hitachi Tool Engineering, Ltd.	2,500		26,861
Hitachi Transport System, Ltd. (a)	12,000		183,401
Hitachi Zosen Corp. * (a)	91,000		90,124
Hochiki Corp. (a)	7,000		44,664
Hodogaya Chemical Company, Ltd. (a)	8,000		18,128
Hogy Medical Company, Ltd.	1,600		82,882
Hokkaido Gas Company, Ltd.	13,000		33,208
Hokkan Holdings, Ltd.	11,000		33,319
Hokuetsu Bank, Ltd.	40,000		93,865
Hokuetsu Paper Mills, Ltd. (a)	29,000		131,307
Hokuriku Electric Industry Company, Ltd. (a)	12,000		17,940
Hokuto Corp. (a)	2,800		49,741
Hosiden Corp.	9,300		186,583
Hosokawa Micron Corp.	5,000		31,461
Howa Machinery, Ltd. (a)	19,000		15,320
I Metal Technology Company, Ltd.	14,000		24,130
IBJ Leasing Company, Ltd.	5,000		88,580
Ichikoh Industries, Ltd.	12,000		29,901
Ichiyoshi Securities Company, Ltd.	5,000		50,630
ICOM, Inc.	1,600		39,211
IDEC Corp. (a)	3,500		41,579
Ihara Chemical Industry Company, Ltd.	10,000		24,983
Iino Kaiun Kaisha, Ltd. (a)	9,000		92,129
Ikegami Tsushinki Company, Ltd. * (a)	12,000		17,773
Imasen Electric Industrial Company, Ltd.	3,500		39,179
Impress Holdings, Inc.	103		11,619
Inaba Denki Sangyo Company, Ltd.	3,200		99,009
Inaba Seisakusho Company, Ltd.	2,400		25,697

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Inabata & Company, Ltd. (a)	12,000	$	64,742
Inageya Company, Ltd.	5,000		45,723
Ines Corp.	7,800		38,819
Information Services International -
Dentsu, Ltd.	3,900		33,768
Intec, Ltd.	8,000		125,345
Invoice, Inc.	2,077		37,631
Ise Chemical Corp.	3,000		18,503
Iseki & Company, Ltd. * (a)	31,000		50,955
Ishihara Sangyo Kaisha, Ltd. * (a)	38,000		87,292
Itochu Enex Company, Ltd.	12,600		72,073
Itochu-Shokuhin Company, Ltd.	1,500		46,082
Itoham Foods, Inc.	32,000		189,883
Itoki Corp.	8,000		49,510
Iwasaki Electric Company, Ltd.	12,000		27,361
Iwatani International Corp. (a)	34,000		90,910
Iwatsu Electric Company, Ltd. * (a)	17,000		16,774
Izumiya Company, Ltd. (a)	15,000		82,295
J. Bridge Corp. *	7,000		3,239
Jalux, Inc. (a)	2,200		36,991
Jamco Corp. (a)	3,000		22,461
Janome Sewing Machine Company, Ltd. (a)	19,000		18,459
Japan Cash Machine Company, Ltd. (a)	4,600		37,684
Japan Digital Laboratory Company, Ltd.	3,400		47,469
Japan General Estate Company, Ltd. (a)	2,900		23,228
Japan Pulp & Paper Company, Ltd. (a)	26,000		92,110
Japan Radio Company, Ltd. (a)	28,000		79,234
Japan Transcity Corp., Ltd. (a)	9,000		37,005
Japan Vilene Company, Ltd. (a)	12,000		54,489
Japan Wool Textile Company, Ltd. (a)	14,000		124,156
JBCC Holdings, Inc.	4,200		33,180
JBIS Holdings, Inc.	8,000		30,054
Jeol, Ltd. (a)	9,000		34,298
JK Holdings Company, Ltd.	5,800		36,837
JMS Company, Ltd.	12,000		28,215
J-Oil Mills, Inc. (a)	12,000		32,844
Joint Corp.	2,700		17,585
Joshin Denki Company, Ltd. (a)	7,000		72,261
JSP Corp.	4,700		41,310
Juki Corp.	19,000		70,662
Kabuki-Za Company, Ltd.	1,000		47,107
Kadokawa Holdings, Inc. (a)	3,600		87,121
Kaga Electronics Company, Ltd.	4,900		65,062
Kagawa Bank, Ltd.	16,000		100,846
Kagome Company, Ltd. (a)	8,700		155,511
Kagoshima Bank(The), Ltd.	25,000		185,881
Kaken Pharmaceutical Company, Ltd.	11,000		81,501
Kameda Seika Company, Ltd.	4,000		62,651
Kamei Corp.	5,000		21,417
Kanaden Corp.	6,000		33,605
Kanagawa Chuo Kotsu Company, Ltd.	8,000		41,423
Kanamoto Company, Ltd.	5,000		30,728
Kanematsu Corp. *	64,000		85,465
Kanematsu Electronics, Ltd. (a)	5,800		44,241
Kanto Auto Works, Ltd.	10,800		151,256
Kanto Denka Kogyo Company, Ltd.	5,000		27,659

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

199

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Kanto Natural Gas Development, Ltd.	5,000	$	30,237
Kanto Tsukuba Bank, Ltd.	15,700		85,862
Kasai Kogyo Company, Ltd.	8,000		23,343
Kasumi Company, Ltd.	10,000		52,049
Katakura Industries Company, Ltd. (a)	2,000		39,221
Kato Sangyo Company, Ltd.	4,000		43,006
Kato Works Company, Ltd.	10,000		38,514
Kawai Musical Instruments Manufacturing
Company, Ltd.	20,000		30,513
Kawashima Selkon Textiles Company, Ltd. * (a)	18,000		15,254
Kayaba Industry Company, Ltd.	32,000		124,729
Keihin Company, Ltd.	10,000		15,921
Keihin Corp.	3,500		50,549
Keiiyu Company, Ltd.	4,400		20,717
Keiyo Company, Ltd. (a)	4,800		34,423
Kenedix, Inc.	31		34,312
Kentucky Fried Chicken Japan, Ltd.	3,000		51,899
Kenwood Corp. (a)	42,000		46,771
KEY Coffee, Inc. (a)	3,000		45,261
Kibun Food Chemifa Company, Ltd. (a)	3,000		32,708
Kinki Nippon Tourist Company, Ltd. (a)	11,000		22,536
Kinki Sharyo Company, Ltd. (a)	8,000		24,439
Kintetsu World Express, Inc. (a)	2,200		51,531
Kioritz Corp.	10,000		22,428
Kirayaka Holdings Company, Inc.	7,000		12,782
Kishu Paper Company, Ltd. * (a)	18,000		22,059
Kisoji Company, Ltd. (a)	2,700		58,389
Kissei Pharmaceutical Company, Ltd.	6,000		126,602
Kitagawa Iron Works Company, Ltd.	13,000		32,074
Kita-Nippon Bank, Ltd.	1,900		70,502
Kitano Construction Corp. (a)	12,000		27,021
Kitz Corp. (a)	15,000		89,965
Kiyo Holdings, Inc.	81,000		129,288
Koa Corp. (a)	8,100		58,520
Koatsu Gas Kogyo Company, Ltd.	6,000		34,186
Kobayashi Pharmaceutical Company, Ltd. (a)	1,300		50,388
Koei Company, Ltd. (a)	2,800		45,079
Kohnan Shoji Company, Ltd.	2,700		34,415
Koike Sanso Kogyo Company, Ltd.	9,000		45,594
Kojima Company, Ltd. (a)	3,700		19,261
Kokuyo Company, Ltd.	7,800		67,444
Komatsu Seiren Company, Ltd.	9,000		36,793
Komatsu Wall Industry Company, Ltd.	2,100		26,329
Komeri Company, Ltd.	3,600		87,125
Konaka Company, Ltd. (a)	2,800		14,022
Konishi Company, Ltd.	4,000		37,217
Kosaido Company, Ltd.	3,800		24,263
Kosei Securities Company, Ltd. * (a)	18,000		20,663
Krosaki Harima Corp. (a)	9,000		25,777
Kumagai Gumi Company, Ltd. (a)	33,000		35,193
Kumiai Chemical Industry Company, Ltd.	15,000		31,139
Kurabo Industries, Ltd.	43,000		97,190
Kureha Corp.	27,000		169,201
Kurimoto, Ltd. (a)	27,000		35,017
Kuroda Electric Company, Ltd.	6,400		84,627
Kyoden Company, Ltd.	6,000		9,030

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Kyodo Printing Company, Ltd.	11,000	$	29,785
Kyodo Shiryo Company, Ltd.	21,000		24,691
Kyokuto Kaihatsu Kogyo Company, Ltd.	4,900		27,513
Kyokuyo Company, Ltd. (a)	15,000		26,138
Kyoritsu Maintenance Company, Ltd.	1,300		23,349
Kyosan Electric Manufacturing Company, Ltd. (a)	11,000		33,618
Kyoto Kimono Yuzen Company, Ltd. (a)	20		17,651
Kyowa Exeo Corp. (a)	8,000		62,322
Kyowa Leather Cloth Company, Ltd.	2,000		10,256
Kyudenko Corp.	8,000		41,685
Laox Company, Ltd. *	10,000		6,102
Life Corp. (a)	8,000		115,445
Lion Corp.	26,000		125,613
Macnica, Inc. (a)	2,100		23,536
Maeda Corp.	28,000		82,240
Maeda Road Construction Company, Ltd.	16,000		132,358
Maezawa Kasei Industries Company, Ltd. (a)	2,000		21,733
Maezawa Kyuso Industries Company, Ltd. (a)	2,400		45,904
Makino Milling Machine Company, Ltd.	10,000		72,365
Mandom Corp.	2,800		85,005
Mars Engineering Corp. (a)	1,600		26,936
Marubun Corp. (a)	6,100		30,883
Marudai Food Company, Ltd. (a)	30,000		73,520
Maruetsu, Inc. * (a)	14,000		130,237
Maruha Group, Inc. (a)	43,385		67,837
Marusan Securities Company, Ltd. (a)	11,000		61,059
Maruwa Company, Ltd.	1,300		15,932
Maruzen Company, Ltd. * (a)	22,000		23,775
Maruzen Showa Unyu Company, Ltd.	12,000		37,339
Maspro Denkoh Corp.	4,000		33,845
Matsuda Sangyo Company, Ltd. (a)	2,700		61,242
Matsui Construction Company, Ltd. (a)	8,000		26,003
Matsuya Company, Ltd. (a)	5,000		121,476
Matsuya Foods Company, Ltd. (a)	2,000		26,341
Max Company, Ltd. (a)	8,000		86,513
Maxvalu Tokai Company, Ltd.	3,000		38,616
MEC Company, Ltd. (a)	2,400		19,717
Megachips Corp. *	2,200		27,943
Meidensha Corp. (a)	20,000		51,514
Meitec Corp.	2,300		70,007
Meiwa Corp. * (a)	9,000		18,985
Meiwa Estate Company, Ltd.	2,200		15,806
Mercian Corp. (a)	18,200		37,439
Michinoku Bank, Ltd.	29,000		87,093
Mikuni Coca-Cola Bottling Company, Ltd.	10,000		115,275
Mikuni Corp.	11,000		32,487
Milbon Company, Ltd. (a)	1,200		26,349
Mimasu Semiconductor Industry Co Ltd *	2,800		57,622
Minato Bank, Ltd.	54,000		112,148
Ministop Company, Ltd.	2,300		44,951
Miraca Holdings, Inc. (a)	5,100		134,322
Misawa Homes Holdings, Inc. * (a)	4,000		21,054
Mito Securities Company, Ltd.	8,000		21,904
Mitsuba Corp., Ltd.	9,000		38,988
Mitsubishi Cable Industries, Ltd. (a)	20,000		28,673
Mitsubishi Kakoki Kaisha, Ltd.	11,000		29,160

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

200

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Mitsubishi Paper Mills, Ltd.	52,000	$	111,423
Mitsubishi Pencil Company, Ltd.	4,000		57,193
Mitsubishi Steel Manufacturing Company, Ltd.	24,000		72,317
Mitsuboshi Belting Company, Ltd.	14,000		56,077
Mitsui High-Tec, Inc.	7,100		54,836
Mitsui Home Company, Ltd.	7,000		32,538
Mitsui Knowledge Industry Company, Ltd. (a)	134		24,185
Mitsui Mining Company, Ltd. (a)	17,000		48,739
Mitsui Sugar Company, Ltd.	15,000		51,375
Mitsui-Soko Company, Ltd. (a)	13,000		75,113
Mitsumura Printing Company, Ltd.	9,000		33,997
Mitsuuroko Company, Ltd. (a)	14,000		84,544
Miura Company, Ltd. (a)	3,300		75,609
Miyazaki Bank, Ltd.	25,000		105,101
Miyoshi Oil & Fat Company, Ltd.	14,000		19,225
Miyuki Holdings Company, Ltd.	4,000		11,261
Mizuno Corp. (a)	14,000		88,107
Mochida Pharmaceutical Company, Ltd. (a)	11,000		100,666
Modec, Inc. (a)	5,300		174,511
Morinaga & Company, Ltd. (a)	29,000		67,477
Morinaga Milk Industry Company, Ltd.	30,000		92,084
Morita Corp.	6,000		27,334
MOS Food Services, Inc. (a)	4,000		58,994
Moshi Moshi Hotline, Inc. (a)	4,500		137,258
Mr. Max Corp. (a)	7,300		32,010
Mutoh Holdings Company, Ltd. *	17,000		55,698
Mutow Company, Ltd.	7,800		43,080
Nagano Bank, Ltd. (a)	12,000		29,261
Nagase & Company, Ltd.	16,000		164,671
Nagatanien Company, Ltd.	5,000		41,398
Nakabayashi Company, Ltd.	20,000		35,743
Nakamuraya Company, Ltd.	7,000		33,690
Nakayama Steel Works, Ltd.	24,000		50,791
NEC Fielding, Ltd.	8,900		107,982
NEC Leasing, Ltd.	3,000		39,477
NEC Mobiling, Ltd.	2,100		29,513
NEC Networks & System Integration Corp.	7,200		124,003
NEC Tokin Corp. * (a)	11,000		21,061
Net One Systems Company, Ltd.	89		105,504
Netmarks, Inc. *	28		3,876
Neturen Company, Ltd.	8,000		77,691
Nice Corp.	24,000		45,760
Nichia Steel Works, Ltd. (a)	8,000		29,990
Nichias Corp.	10,000		36,137
Nichiban Company, Ltd.	10,000		29,659
Nichicon Corp. (a)	13,800		108,751
Nichiha Corp. (a)	4,200		39,798
Nichii Gakkan Company, Ltd. (a)	5,300		77,028
Nichimo Corp.	28,000		12,476
NICHIREI Corp. (a)	33,000		159,757
Nichireki Company, Ltd.	6,000		15,794
Nidec Copal Corp.	2,700		31,484
Nidec Tosok Corp.	2,800		22,751
Nifco, Inc.	7,000		162,800
Nihon Dempa Kogyo Company, Ltd.	2,700		75,486
Nihon Eslead Corp.	1,300		13,648

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nihon Inter Electronics Corp. (a)	5,000	$	12,385
Nihon Kagaku Sangyo Company, Ltd.	1,000		7,502
Nihon Kohden Corp. (a)	5,000		115,398
Nihon Nohyaku Company, Ltd. (a)	9,000		84,108
Nihon Parkerizing Company, Ltd. (a)	6,000		80,287
Nihon Yamamura Glass Company, Ltd.	16,000		32,755
Nikkiso Company, Ltd. (a)	8,000		48,444
Nikko Company, Ltd.	5,000		11,917
Nippo Corp.	13,000		73,531
Nippon Avionics Company, Ltd.	7,000		14,558
Nippon Beet Sugar
Manufacturing Company, Ltd.	18,000		39,511
Nippon Carbon Company, Ltd.	14,000		67,037
Nippon Ceramic Company, Ltd. (a)	3,000		28,010
Nippon Chemical Industrial Company, Ltd.	13,000		31,021
Nippon Chemi-Con Corp.	24,000		89,435
Nippon Chemiphar Company, Ltd. (a)	10,000		57,355
Nippon Concrete Industries Company, Ltd.	16,000		27,203
Nippon Denko Company, Ltd. (a)	12,000		115,715
Nippon Densetsu Kogyo Company, Ltd.	16,000		108,809
Nippon Denwa Shisetsu Company, Ltd.	10,000		27,496
Nippon Filcon Company, Ltd.	5,000		27,930
Nippon Fine Chemical Company, Ltd.	6,000		33,353
Nippon Flour Mills Company, Ltd.	28,000		114,190
Nippon Gas Company, Ltd. (a)	5,000		52,161
Nippon Kanzai Company, Ltd.	2,000		59,520
Nippon Kasei Chemical Company, Ltd.	16,000		26,426
Nippon Koei Company, Ltd.	11,000		28,607
Nippon Konpo Unyu Soko Company, Ltd.	11,000		152,000
Nippon Koshuha Steel Company, Ltd. (a)	16,000		30,606
Nippon Light Metal Company, Ltd.	35,000		53,193
Nippon Metal Industry Company, Ltd. (a)	18,000		58,380
Nippon Paint Company, Ltd.	33,000		119,769
Nippon Parking Development Company, Ltd. (a)	202		8,622
Nippon Piston Ring Company, Ltd. (a)	13,000		19,541
Nippon Road Company, Ltd.	15,000		20,519
Nippon Seiki Company, Ltd.	4,000		54,587
Nippon Sharyo, Ltd. (a)	20,000		46,440
Nippon Shinyaku Company, Ltd.	9,000		93,582
Nippon Signal Company, Ltd.	9,000		46,295
Nippon Soda Company, Ltd.	24,000		78,258
Nippon Steel Trading Company, Ltd.	20,000		53,368
Nippon Synthetic Chemical Industry
Company, Ltd.	11,000		80,927
Nippon System Development Company, Ltd.	4,800		70,374
Nippon Thompson Company, Ltd.	12,000		73,964
Nippon Valqua Industries, Ltd.	10,000		29,348
Nippon Yakin Kogyo Company, Ltd.	9,500		76,813
Nippon Yusoki Company, Ltd.	5,000		15,000
Nipro Corp. (a)	7,000		122,712
NIS Group Company, Ltd. *	13,058		19,541
Nishimatsu Construction Company, Ltd. (a)	60,000		128,888
Nissan Shatai Company, Ltd.	20,000		157,044
Nissei Corp. (a)	2,900		31,951
Nissei Plastic Industrial Company, Ltd.	4,000		19,445
Nissen Company, Ltd. (a)	5,500		36,317
Nisshin Fudosan Company, Ltd.	2,900		18,950

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

201

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nisshin Oillio Group, Ltd. (a)	19,000	$	73,486
Nissin Corp.	11,000		28,695
Nissin Sugar Manufacturing Company, Ltd.	10,000		21,900
Nissui Pharmaceutical Company, Ltd.	3,000		18,697
Nitta Corp. (a)	4,100		74,323
Nittan Valve Company, Ltd.	4,000		21,414
Nittetsu Mining Company, Ltd.	13,000		86,320
Nitto Boseki Company, Ltd.	36,000		74,864
Nitto FC Company, Ltd.	2,000		8,696
Nitto Kogyo Corp.	4,000		50,537
Nitto Kohki Company, Ltd.	3,500		78,686
NIWS Company HQ, Ltd. (a)	122		2,483
NOF Corp.	22,000		90,865
Nohmi Bosai, Ltd.	6,000		37,451
Nomura Company, Ltd. (a)	7,000		23,488
Noritake Company, Ltd.	22,000		89,225
Noritsu Koki Company, Ltd.	2,500		36,366
Noritz Corp. (a)	7,200		90,947
NS Solutions Corp.	2,800		69,603
Oenon Holdings, Inc.	9,000		17,086
Oiles Corp.	5,400		112,253
Oita Bank, Ltd.	23,000		165,415
Okabe Company, Ltd.	9,000		35,305
Okamoto Industries, Inc.	11,000		39,548
Okamoto Machine Tool Works, Ltd.	7,000		16,579
Okamura Corp. (a)	10,000		69,619
Okasan Holdings, Inc. *	24,000		119,557
Oki Electric Industry Company, Ltd. * (a)	35,000		68,018
Okinawa Electric Power Company, Inc.	2,700		106,534
OKK Corp. (a)	10,000		20,278
Okumura Corp. (a)	26,000		132,568
Okura Industrial Company, Ltd.	8,000		19,616
Okuwa Company, Ltd.	5,000		70,632
Olympic Corp.	4,600		29,119
OMC Card, Inc. * (a)	13,000		38,319
ONO Sokki Company, Ltd.	5,000		24,816
Onoken Company, Ltd. (a)	3,000		48,417
Organo Corp. (a)	9,000		67,818
Oriental Yeast Company, Ltd.	6,000		31,795
Origin Electric Company, Ltd.	6,000		37,263
Osaka Steel Company, Ltd.	5,200		67,463
Osaki Electric Company, Ltd.	4,000		16,799
Oyo Corp.	3,400		41,198
Pacific Industrial Company, Ltd.	8,000		28,256
PanaHome Corp. (a)	10,000		64,135
Paramount Bed Company, Ltd.	3,500		47,931
Parco Company, Ltd. (a)	7,000		100,039
Paris Miki, Inc. (a)	3,500		51,603
Pasona Group, Inc. * (a)	36		22,644
PCA Corp.	1,500		15,569
Penta-Ocean Construction Company, Ltd. * (a)	39,500		47,911
Pigeon Corp. (a)	2,700		56,427
Pilot Corp.	20		36,135
Piolax, Inc.	1,800		39,295
Press Kogyo Company, Ltd.	12,000		60,585
Prima Meat Packers, Ltd. *	25,000		23,734

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Raito Kogyo Company, Ltd.	9,900	$	23,654
Rasa Industries, Ltd. (a)	10,000		18,830
Renown, Inc. * (a)	7,000		27,660
Resort Solution Company, Ltd.	8,000		30,294
Resorttrust, Inc.	5,000		62,489
Rhythm Watch Company, Ltd. (a)	20,000		22,016
Ricoh Elemex Corp.	4,000		30,027
Ricoh Leasing Company, Ltd.	3,600		75,618
Right On Company, Ltd. (a)	2,900		34,557
Riken Corp.	16,000		74,938
Riken Keiki Company, Ltd.	4,000		26,338
Riken Technos Corp.	9,000		21,157
Riken Vitamin Company, Ltd.	2,000		64,176
Ringer Hut Company, Ltd. (a)	3,000		42,381
Risa Partners, Inc. * (a)	21		42,516
Rock Field Company, Ltd. (a)	1,800		28,522
Rohto Pharmaceutical Company, Ltd. (a)	9,000		113,141
Roland Corp.	2,700		52,883
Royal Holdings Company, Ltd. (a)	4,000		42,062
Ryobi, Ltd. (a)	23,000		87,903
Ryoden Trading Company, Ltd.	9,000		56,899
Ryosan Company, Ltd.	6,900		164,079
Ryoshoku, Ltd. (a)	4,100		78,274
Ryoyo Electro Corp.	7,100		69,838
S Foods, Inc.	4,000		28,838
S Science Company, Ltd. (a)	102,000		11,256
Sagami Chain Company, Ltd. (a)	4,000		44,638
Sagami Railway Company, Ltd.	22,000		89,655
Saibu Gas Company, Ltd. (a)	84,000		207,837
Saizeriya Company, Ltd. (a)	3,900		37,555
Sakai Chemical Industry Company, Ltd.	32,000		114,490
Sakata INX Corp.	11,000		43,838
Sakata Seed Corp. (a)	9,000		131,712
Sala Corp. (a)	8,000		37,667
San-Ai Oil Company, Ltd.	10,000		36,461
Sanden Corp.	42,000		172,138
Sanei-International Company, Ltd. (a)	1,400		19,901
Sankei Building Company, Ltd. (a)	8,000		52,347
Sanki Engineering Company, Ltd. (a)	12,000		70,112
Sankyo Seiko Company, Ltd. (a)	7,000		20,180
Sankyo-Tateyama Holdings, Inc. (a)	35,000		45,377
Sanoh Industrial Company, Ltd.	5,000		27,118
Sanrio Company, Ltd. (a)	7,000		61,166
Sanshin Electronics Company, Ltd.	5,000		52,595
Sanwa Shutter Corp.	32,000		140,020
Sanyo Chemical Industries, Ltd. (a)	12,000		59,183
Sanyo Denki Company, Ltd.	16,000		69,728
Sanyo Shokai, Ltd. (a)	18,000		115,810
Sanyo Special Steel Company, Ltd.	9,000		41,083
Sato Corp. (a)	2,600		33,453
Sato Shoji Corp.	4,000		27,902
Satori Electric Company, Ltd. (a)	2,000		15,884
Secom Joshinetsu Company, Ltd.	900		21,208
Secom Techno Service Company, Ltd. (a)	2,000		48,429
Seibu Electric Industry Company, Ltd.	8,000		35,711
Seijo Corp.	1,400		23,174

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

202

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Seika Corp.	16,000	$	32,811
Seikagaku Corp.	4,600		52,194
Seiko Corp. (a)	11,000		53,321
Seiren Company, Ltd.	6,000		38,536
Sekisui Jushi Corp.	5,000		47,105
Sekisui Plastics Company, Ltd.	12,000		31,004
Senko Company, Ltd.	13,000		50,310
Senshu Electric Company, Ltd.	1,500		24,757
Senshukai Company, Ltd. (a)	5,000		40,881
Shibaura Mechatronics Corp.	4,000		16,823
Shibusawa Warehouse Company, Ltd. (a)	10,000		66,517
Shibuya Kogyo Company, Ltd.	3,400		26,710
Shikibo, Ltd. (a)	20,000		22,051
Shikoku Bank, Ltd.	36,000		153,840
Shikoku Chemicals Corp.	6,000		30,573
Shikoku Coca-Cola Bottling Company, Ltd.	3,300		39,506
Shimizu Bank, Ltd. (a)	2,000		91,450
Shin Nippon Air Technologies Company, Ltd.	4,700		24,703
Shinagawa Refractories Company, Ltd.	8,000		23,134
Shindengen Electric Manufacturing
Company, Ltd. (a)	21,000		41,653
Shin-Etsu Polymer Company, Ltd. (a)	8,000		48,361
Shinkawa, Ltd. (a)	3,900		47,553
Shin-Keisei Electric Railway Company, Ltd.	10,000		34,424
Shinki Company, Ltd. *	30,600		30,830
Shinko Electric Company, Ltd. (a)	13,000		49,783
Shinko Plantech Company, Ltd.	6,000		78,347
Shinko Shoji Company, Ltd. (a)	3,000		27,352
Shin-Kobe Electric Machinery Company, Ltd.	6,000		28,945
Shinmaywa Industries, Ltd.	21,000		65,013
Shinsho Corp.	13,000		38,059
Shinwa Kaiun Kaisha, Ltd.	16,000		101,877
Shiroki Corp. (a)	12,000		28,874
Shizuki Electric Company, Inc.	9,000		30,985
Shizuoka Gas Company, Ltd.	11,000		70,248
SHO-BOND Holdings Company, Ltd. * (a)	4,200		52,458
Shobunsha Publications, Inc. (a)	2,400		21,026
Shochiku Company, Ltd. (a)	14,000		86,662
Shoko Company, Ltd. (a)	19,000		24,132
Showa Aircraft Industry Company, Ltd.	3,000		26,119
Showa Corp. (a)	8,700		77,960
Showa Sangyo Company, Ltd.	20,000		47,833
Siix Corp.	4,000		29,661
Sinanen Company, Ltd. (a)	9,000		37,090
Sintokogio, Ltd.	8,000		66,507
SKY Perfect JSAT Corp.	56		22,694
SMK Corp.	8,000		42,382
Snow Brand Milk Products Company, Ltd. (a)	29,000		85,358
SNT Corp. (a)	7,000		41,583
Sodick Company, Ltd.	18,000		79,193
Soft99 Corp.	4,800		30,674
Sogo Medical Company, Ltd.	1,400		47,875
Sorun Corp.	4,600		32,288
Space Company, Ltd. (a)	4,700		37,243
SSP Company, Ltd. (a)	29,000		136,110
ST Chemical Company, Ltd.	3,000		38,292

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
St. Marc Holdings Company, Ltd. (a)	1,000	$	34,394
Star Micronics Company, Ltd.	5,000		69,339
Starzen Company, Ltd.	14,000		32,741
Stella Chemifa Corp. (a)	1,000		23,993
Sugi Pharmacy Company, Ltd. (a)	7,700		219,649
Sugimoto & Company, Ltd.	2,500		31,413
Sumida Corp. (a)	1,900		23,812
Suminoe Textile Company, Ltd.	10,000		21,229
Sumisho Computer Systems Corp. (a)	4,700		89,593
Sumitomo Coal Mining Company, Ltd. * (a)	25,000		19,760
Sumitomo Densetsu Company, Ltd.	12,700		63,669
Sumitomo Forestry Company, Ltd.	9,000		62,547
Sumitomo Light Metal Industries, Ltd. (a)	31,000		41,762
Sumitomo Mitsui Company, Ltd. * (a)	10,000		9,393
Sumitomo Osaka Cement Company, Ltd.	28,000		65,546
Sumitomo Pipe & Tube Company, Ltd.	6,000		47,192
Sumitomo Precision Products Company, Ltd.	7,000		24,501
Sumitomo Seika Chemicals Company, Ltd.	8,000		37,412
Sumitomo Warehouse Company(The), Ltd. (a)	26,048		123,686
Sun Wave Corp.	10,000		15,005
Sunx, Ltd.	5,300		26,893
Suruga Corp.	6,000		17,401
SWCC Showa Holdings Company, Ltd. (a)	30,000		45,632
SxL Corp. * (a)	26,000		12,609
T. Hasegawa Company, Ltd. (a)	4,600		81,602
T. Rad Company, Ltd.	9,000		46,906
Tachibana Eletech Company, Ltd.	4,000		33,631
Tachi-S Company, Ltd. (a)	5,300		48,456
Taihei Dengyo Kaisha, Ltd.	6,000		44,492
Taihei Kogyo Company, Ltd.	12,000		42,028
Taiho Kogyo Company, Ltd.	3,200		39,194
Taikisha, Ltd.	7,000		84,317
Taisei Rotec Corp.	18,000		23,326
Takagi Securities Company, Ltd.	10,000		22,163
Takamatsu Corp.	4,800		77,997
Takano Company, Ltd. (a)	1,800		20,010
Takaoka Electric Manufacturing Company, Ltd. (a)	17,000		21,980
Takara Holdings, Inc. (a)	18,000		124,736
Takara Standard Company, Ltd. (a)	34,000		145,625
Takasago International Corp.	8,000		65,354
Takasago Thermal Engineering Company, Ltd. (a)	14,000		108,837
Takiron Company, Ltd. (a)	10,000		26,228
Takuma Company, Ltd. (a)	15,000		40,950
Tamura Corp.	9,000		28,933
Tamura Taiko Holdings, Inc. (a)	8,000		13,518
Tasaki Shinju Company, Ltd.	7,000		20,544
Tatsuta Electric Wire & Cable Company, Ltd.	14,000		38,253
Tayca Corp.	10,000		31,313
Teac Corp. *	27,000		23,448
Techno Ryowa, Ltd. (a)	3,100		15,194
Tecmo, Ltd. (a)	4,900		51,192
Teikoku Piston Ring Company, Ltd. (a)	3,000		25,545
Teikoku Tsushin Kogyo Company, Ltd.	7,000		21,325
Tekken Corp. *	20,000		21,522
Tenma Corp. (a)	5,200		69,075

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

203

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
The Fuji Fire and Marine Insurance Company,
Ltd. (a)	34,000	$	91,080
The Hyakugo Bank, Ltd.	18,718		111,666
The Nanto Bank, Ltd.	21,000		99,324
The San-in Godo Bank, Ltd.	26,000		208,773
Tigers Polymer Corp.	1,000		5,126
TIS, Inc.	5,500		110,925
TKC Corp. (a)	3,700		76,942
TOA Corp. *	32,000		26,542
TOA Oil Company, Ltd.	23,000		29,452
Toagosei Company, Ltd.	57,000		235,607
Tobishima Corp. * (a)	38,500		13,593
Tobu Store Company, Ltd.	14,000		49,061
TOC Company, Ltd. (a)	20,000		151,229
Tocalo Company, Ltd. (a)	2,000		32,141
Tochigi Bank, Ltd.	19,000		116,787
Toda Kogyo Corp.	10,000		43,511
Todentsu Corp.	13,000		26,471
Toei Company, Ltd.	11,000		57,869
Toenec Corp.	11,000		53,029
Toho Bank, Ltd.	35,000		151,743
Toho Company, Ltd.	10,000		30,893
Toho Real Estate Company, Ltd.	6,000		39,706
Toho Zinc Company, Ltd.	13,000		70,472
Tohoku Bank, Ltd.	15,000		26,374
Tokai Corp.	7,000		31,299
Tokai Tokyo Securities Co Ltd	29,000		96,917
Tokimec, Inc.	14,000		42,721
Toko Electric Corp.	10,000		22,220
Toko, Inc. * (a)	15,000		34,758
Tokushima Bank, Ltd.	15,000		88,244
Tokushu Tokai Holdings Company, Ltd.	23,110		42,317
Tokyo Dome Corp. * (a)	21,000		87,915
Tokyo Electron Device, Ltd.	17		30,098
Tokyo Energy & Systems, Inc. (a)	5,000		25,726
Tokyo Kikai Seisakusho, Ltd. (a)	10,000		27,035
Tokyo Leasing Company, Ltd.	8,500		79,836
Tokyo Rakutenchi Company, Ltd.	8,000		30,252
Tokyo Rope Manufacturing Company, Ltd. (a)	19,000		33,045
Tokyo Seimitsu Company, Ltd. (a)	2,000		36,998
Tokyo Style Company, Ltd. (a)	14,000		140,180
Tokyo Tekko Company, Ltd.	4,000		16,621
Tokyo Theatres Company, Inc. (a)	11,000		20,673
Tokyo Tomin Bank (The), Ltd.	3,600		75,592
Tokyotokeiba Company, Ltd. (a)	33,000		63,505
Tokyu Community Corp.	1,500		32,432
Tokyu Construction Company, Ltd. (a)	11,840		42,322
Tokyu Livable, Inc.	2,100		17,887
Tokyu Recreation Company, Ltd.	6,000		36,632
Tokyu Store Chain Company, Ltd.	12,000		60,726
Toli Corp.	10,000		18,758
Tomato Bank, Ltd.	16,000		36,777
Tomen Electronics Corp. (a)	1,700		18,870
Tomoe Corp. (a)	8,000		12,360
Tomoku Company, Ltd.	16,000		27,730
Tomy Company, Ltd. (a)	5,900		43,843

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Tonami Transportation Company, Ltd.	14,000	$	33,499
Topcon Corp. (a)	4,000		31,900
Toppan Forms Company, Ltd.	5,000		50,968
Topre Corp.	6,000		54,078
Topy Industries, Ltd.	19,000		54,032
Tori Holdings Company, Ltd. * (a)	82,000		9,934
Torigoe Company, Ltd.	5,000		34,129
Torii Pharmaceutical Company, Ltd.	3,400		48,253
Torishima Pump Manufacturing Company, Ltd.	5,000		84,257
Toshiba Plant Systems & Services Corp.	10,000		78,267
Tosho Printing Company, Ltd.	9,000		19,667
Totetsu Kogyo Company, Ltd.	7,000		36,190
Tottori Bank, Ltd.	12,000		36,097
Touei Housing Corp. (a)	5,000		32,237
Towa Bank, Ltd. * (a)	28,000		28,171
Towa Corp.	4,900		45,901
Towa Pharmaceutical Company, Ltd. (a)	1,800		76,363
Towa Real Estate Development
Company, Ltd. (a)	7,500		9,154
Toyo Construction Company, Ltd. * (a)	30,000		19,337
Toyo Corp. (a)	3,700		59,233
Toyo Electric Manufacturing Company, Ltd.	6,000		15,854
Toyo Engineering Corp.	19,000		74,055
Toyo Ink Manufacturing Company, Ltd.	30,000		104,270
Toyo Kanetsu KK	15,000		29,206
Toyo Kohan Company, Ltd.	12,000		62,934
Toyo Machinery & Metal Company, Ltd. (a)	4,000		14,223
Toyo Securities Company, Ltd.	14,000		43,849
Toyo Tire & Rubber Company, Ltd. (a)	33,000		106,263
Toyo Wharf & Warehouse Company, Ltd. (a)	16,000		30,391
Toyobo Company, Ltd.	65,936		138,550
Trans Cosmos, Inc.	2,100		25,559
Trusco Nakayama Corp. (a)	5,400		83,271
Tsubakimoto Chain Company, Ltd.	19,000		114,014
Tsugami Corp. (a)	8,000		26,921
Tsukishima Kikai Company, Ltd.	5,000		37,953
Tsurumi Manufacturing Company, Ltd.	4,000		26,183
Tsutsumi Jewelry Company, Ltd.	3,700		80,699
TTK Company, Ltd.	7,000		37,122
TYK Corp.	16,000		36,397
Ube Material Industries, Ltd.	12,000		30,134
Uchida Yoko Company, Ltd.	7,000		31,507
Unicharm Petcare Corp. (a)	4,000		127,296
Uniden Corp. (a)	9,000		55,428
Unimat Life Corp.	2,800		33,434
Union Tool Company, Ltd. (a)	1,200		45,378
Unitika, Ltd.	51,000		50,568
U-Shin, Ltd. (a)	4,000		16,083
Valor Company, Ltd.	6,000		64,276
Venture Link Company, Ltd. * (a)	12,400		12,765
Victor Company of Japan, Ltd. *	45,000		106,028
Vital-Net, Inc.	6,500		43,593
Wakachiku Construction Company, Ltd. * (a)	17,000		11,700
Warabeya Nichiyo Company, Ltd.	2,500		26,281
Watabe Wedding Corp.	2,000		17,929
Watami Company, Ltd. (a)	5,900		101,253

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

204

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Wood One Company, Ltd. (a)	6,000	$	37,652
Xebio Company, Ltd.	2,700		69,926
Yahagi Construction Company, Ltd.	8,000		32,831
Yaizu Suisankagaku Industry Company, Ltd.	2,700		30,565
Yamagata Bank, Ltd.	28,000		178,825
Yamaichi Electronics Company, Ltd.	3,900		15,494
Yamanashi Chuo Bank, Ltd.	17,314		105,467
Yamazen Corp.	11,500		40,077
Yaoko Company, Ltd.	3,200		87,425
Yasuda Warehouse Company, Ltd.	4,000		38,246
Yellow Hat, Ltd.	3,600		19,000
Yodogawa Steel Works, Ltd.	27,000		131,936
Yokogawa Bridge Corp.	9,000		38,156
Yokohama Reito Company, Ltd.	11,000		77,832
Yokowo Company, Ltd. (a)	4,600		32,335
Yomeishu Seizo Company, Ltd. (a)	6,000		59,094
Yomiuri Land Company, Ltd. (a)	6,000		20,751
Yondenko Corp.	7,000		37,575
Yonekyu Corp.	3,500		28,854
Yorozu Corp.	3,000		38,373
Yoshimoto Kogyo Company, Ltd.	5,000		66,164
Yoshinoya D&C Company, Ltd. (a)	50		87,143
Yuasa Funashoku Company, Ltd.	10,000		27,565
Yuasa Trading Company, Ltd.	21,000		28,622
Yukiguni Maitake Company, Ltd.	7,100		24,771
Yuraku Real Estate Company, Ltd.	7,000		17,789
Yurtec Corp.	9,000		47,587
Yushiro Chemical Industry Company, Ltd. (a)	2,000		34,533
Zenrin Company, Ltd.	4,600		95,236
Zensho Company, Ltd.	7,200		42,596
Zeria Pharmaceutical Company, Ltd. (a)	6,000		62,920
Zuken, Inc.	4,400		43,898
			48,273,487
Netherlands - 2.57%
Aalberts Industries NV	38,420		822,805
Accell Group NV (a)	1,129		44,111
Arcadis NV (a)	1,567		94,556
ASM International NV	5,347		98,519
Beter Bed Holding NV	1,861		42,253
Brunel International NV (a)	1,198		30,764
Corporate Express NV, SADR	1,700		19,873
Draka Holding NV	1,175		37,934
Eriks Group NV (a)	3,181		230,914
Exact Holdings NV	1,062		36,069
Gamma Holding NV	431		27,247
Grontmij NV	1,708		63,964
Heijmans NV	920		35,412
Hunter Douglas NV	1,743		117,860
ICT Automatisering NV	1,785		24,734
Imtech NV	32,481		862,695
InnoConcepts NV	2,424		44,028
KAS Bank NV	3,004		128,640
Kendrion NV *	2,503		64,921
Koninklijke BAM Groep NV	9,471		224,142
Koninklijke Ten Cate NV	3,853		142,094
Koninklijke Vopak NV	2,086		131,297

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Netherlands (continued)
Laurus NV * (a)	9,291	$	64,373
Macintosh Retail Group NV	2,604		77,809
Nutreco Holding NV	4,100		314,954
Oce NV	11,884		202,061
OPG Groep NV	8,372		237,498
Ordina NV	4,066		66,627
Pharming Group NV * (a)	8,121		11,516
Samas NV *	10,388		65,681
Sligro Food Group NV	3,098		121,247
Smit Internationale NV	1,358		138,400
Tele Atlas NV *	8,600		342,338
Telegraaf Media Groep NV (a)	6,008		194,231
TKH Group NV (a)	6,216		145,736
Unit 4 Agresso NV	2,085		58,674
USG People NV	3,245		76,970
Van der Moolen Holding NV * (a)	12,066		50,917
			5,493,864
New Zealand - 0.50%
Fisher & Paykel Appliances Holdings, Ltd. (a)	43,440		80,420
Fisher & Paykel Healthcare Corp.	56,183		129,662
Freightways, Ltd.	17,697		48,134
Infratil, Ltd. - Partly Paid	11,141		10,067
Infratil, Ltd. (a)	55,708		93,346
Mainfreight, Ltd.	10,000		46,825
New Zealand Oil & Gas, Ltd. *	39,136		41,616
New Zealand Refining Company, Ltd.	8,307		45,463
Nuplex Industries, Ltd.	14,766		71,287
PGG Wrightson, Ltd.	49,959		81,718
Port of Tauranga, Ltd.	12,337		58,745
Pumpkin Patch, Ltd.	20,900		30,121
Ryman Healthcare, Ltd.	83,695		112,651
Sky City Entertainment Group, Ltd.	47,665		138,397
Steel & Tube Holdings, Ltd.	7,409		16,608
Tourism Holdings, Ltd.	27,130		37,400
Tower, Ltd.	25,396		36,715
			1,079,175
Norway - 1.18%
Acta Holding ASA * (a)	11,200		37,582
Aker Yards AS *	12,500		166,242
Aktiv Kapital ASA *	5,200		92,063
Blom ASA *	5,400		63,991
Bonheur ASA	3,500		160,313
Camillo Eitzen & Company ASA *	6,300		77,255
Det Norske Oljeselskapb ASA *	64,128		115,269
DOF ASA	2,900		29,696
EDB Business Partner ASA	9,800		72,536
Ekornes ASA	7,000		127,127
Ementor ASA *	9,000		58,327
Farstad Shipping ASA	1,950		53,379
Ganger Rolf ASA	2,700		111,567
Kongsberg Gruppen ASA	1,700		111,193
Leroy Seafood Group ASA	7,400		164,819
Ocean Rig ASA *	32,900		253,108
Odfjell ASA	2,400		35,381
Petrolia Drilling ASA *	76,000		28,352

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

205

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Norway (continued)
Sevan Marine ASA *	9,200	$	117,910
Solstad Offshore ASA	4,600		117,143
Sparebanken Midt-Norge	12,300		123,633
Tomra Systems ASA	24,000		182,241
Veidekke ASA	13,000		129,312
Wilhelm Wilhelmsen ASA *	2,700		90,537
			2,518,976
Portugal - 0.36%
Finibanco Holding SGPS SA	3,709		18,198
Impresa, SGPS SA *	11,168		26,340
Jeronimo Martins, SGPS SA	21,049		169,286
Mota Engil, SGPS SA	19,025		144,865
Novabase SGPS SA *	4,292		21,441
Pararede SGPS SA *	190,194		51,046
SAG GEST-Solucoes Automovel Globais
SGPS SA	12,410		44,309
Semapa-Sociedade de Investimento &
Gestao, SGPS SA	6,656		85,270
Sonae Industria, SGPS SA *	3,131		21,757
Sonaecom, SGPS SA *	38,601		131,702
Teixeira Duarte-Engenharia & Construcoes SA	21,621		51,536
			765,750
Singapore - 1.54%
Allgreen Properties, Ltd.	55,000		49,576
Asia Food & Properties, Ltd. *	87,000		43,787
Beyonics Technology, Ltd.	177,000		32,961
Bonvests Holdings, Ltd.	56,400		44,394
Bukit Sembawang Estates, Ltd.	9,000		58,687
Cerebos Pacific, Ltd.	16,000		44,140
CH Offshore, Ltd. (a)	136,000		56,851
Chartered Semiconductor Manufacturing, Ltd. *	99,000		52,458
China Merchants Holdings Pacific, Ltd.	73,000		42,060
Chuan Hup Holdings, Ltd. (a)	182,000		47,732
Creative Technology, Ltd.	15,500		69,402
Delong Holdings, Ltd. (a)	45,500		118,586
Ezra Holdings Pte, Ltd. (a)	82,000		124,354
Goodpack, Ltd. * (a)	36,000		41,712
Hartford Education Corp., Ltd.	9,164		1,163
Hi-P International, Ltd.	126,000		46,355
Ho Bee Investment, Ltd.	27,000		18,303
Hong Fok Corp., Ltd. *	36,000		25,362
Hong Leong Asia, Ltd.	42,000		78,574
Hotel Plaza, Ltd.	31,500		43,349
Hotel Properties, Ltd. *	38,500		76,635
HTL International Holdings, Ltd.	58,000		16,494
Hwa Hong Corp., Ltd.	92,000		42,865
Hyflux, Ltd. (a)	55,000		121,395
Innotek, Ltd. * (a)	82,000		45,600
Jaya Holdings, Ltd.	96,000		103,919
Jurong Technologies Industrial Corp., Ltd. (a)	64,350		14,129
K1 Ventures, Ltd. *	367,000		52,099
Keppel Telecommunications & Transportation
Company, Ltd.	57,000		165,838
Kim Eng Holdings, Ltd. (a)	48,000		71,515
Metro Holdings, Ltd.	74,000		37,880
MFS Technology, Ltd.	113,000		26,681

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Singapore (continued)
Midas Holdings, Ltd.	92,000	$	67,603
MobileOne, Ltd.	53,000		81,612
NatSteel, Ltd.	21,000		23,269
Orchard Parade Holdings, Ltd. *	70,000		56,930
Osim International, Ltd. (a)	43,000		10,969
Parkway Holdings, Ltd. (a)	30,000		70,507
Petra Foods, Ltd. (a)	46,000		43,514
Raffles Education Corp., Ltd.	220,000		166,115
Robinson & Company, Ltd. (a)	13,000		65,560
Singapore Food Industries, Ltd.	21,000		11,404
Singapore Land, Ltd.	1,000		4,977
Singapore Post, Ltd.	80,000		67,131
Sinomem Technology, Ltd. * (a)	81,000		37,830
SMRT Corp., Ltd. (a)	120,000		159,351
Sunningdale Tech, Ltd.	144,000		19,041
Tat Hong Holdings, Ltd.	26,000		42,168
Unisteel Technology, Ltd.	43,750		41,863
United Engineers, Ltd.	32,000		92,270
UOB-Kay Hian Holdings, Ltd.	94,000		134,540
WBL Corp., Ltd.	27,000		105,738
Wheelock Properties (S), Ltd. *	41,000		59,354
Wing Tai Holdings, Ltd. (a)	70,000		112,237
			3,288,839
South Korea - 0.00%
Pantech & Curitel Communications, Inc. *	882		0
Pantech Company, Ltd. *	443		0
Spain - 2.11%
Abengoa SA (a)	7,583		271,125
Adolfo Dominguez SA (a)	1,759		53,766
Amper SA	8,329		155,166
Avanzit SA *	17,987		76,061
Azkoyen SA *	3,800		31,833
Banco Guipuzcoano SA (a)	20,430		348,354
Baron de Ley SA *	1,053		79,483
Campofrio Alimentacion SA *	2,225		34,585
Cementos Portland Valderrivas SA	1,202		116,766
Construcciones & Auxiliar de Ferrocarriles SA	428		189,492
Duro Felguera SA	6,660		75,338
Ebro Puleva SA	7,641		156,570
FAES FARMA SA (a)	17,308		294,606
Grupo Empresarial Ence SA	20,720		192,795
Iberpapel Gestion SA	1,014		23,500
La Seda de Barcelona SA (a)	57,973		107,408
Mecalux SA *	2,884		93,384
Natra SA	4,032		47,752
Natraceutical SA *	35,597		45,044
NH Hoteles SA * (a)	4,594		76,410
Obrascon Huarte Lain SA	7,054		261,683
Papeles & Cartones de Europa SA *	7,327		76,150
Pescanova SA	1,382		68,374
Prim SA	2,904		54,283
Prosegur Cia de Seguridad SA	1,259		52,870
Service Point Solutions SA	19,294		75,303
Service Point Solutions SA *	643		2,507
Sociedad Nacional Inds., Aplicaciones
Celulosa Espanola SA *	11,029		36,355

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

206

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain (continued)
SOS Cuetara SA	20,535	$	452,847
Tecnocom, Telecomunicaciones & Energia SA * (a)	8,719		44,868
Tubacex SA	28,525		316,063
Tubos Reunidos SA	8,353		60,786
Unipapel SA * (a)	2,771		66,496
Urbas Proyectos Urbanisticos SA *	10,449		8,103
Vertice Trescientos Sesenta Grados *	1,797		4,482
Vidrala SA	1,746		56,468
Viscofan SA	11,757		269,070
Zeltia SA *	18,960		138,914
			4,515,060
Sweden - 1.83%
AddTech AB, Series B	2,600		55,573
Angpanneforeningen AB, Series B	2,600		63,703
Axfood AB	5,450		194,179
Axis Communications AB	10,500		209,833
Bergman & Beving AB, Series B	4,000		116,860
Billerud Aktibolag AB	10,000		113,711
Cardo AB	3,200		88,401
Clas Ohlson AB, Series B (a)	2,475		45,256
D. Carnegie & Company AB *	30,200		508,536
Elekta AB, Series B	5,800		100,497
Eniro AB	15,700		114,439
Gunnebo AB * (a)	8,726		98,603
Haldex AB	4,300		75,958
HIQ International AB *	8,000		43,323
Hoganas AB, Series B	5,800		138,089
IBS AB, Series B *	23,000		55,825
Intrum Justitia AB *	3,000		53,478
JM AB	14,638		343,917
Lennart Wallenstam Byggnads AB, Series B	3,900		79,114
Micronic Laser Systems AB *	6,200		30,259
Munters AB *	7,350		84,710
New Wave Group AB, Series B	4,600		33,625
Nibe Industrier AB, Series B	4,800		44,791
Nobia AB *	25,200		217,953
Nolato AB, Series B	4,000		39,061
Obsever AB *	19,000		52,770
PartnerTech AB	1,600		10,202
Peab AB, Series B	14,400		153,668
Peab Industri AB *	7,200		77,247
Q-Med AB	9,200		60,823
RNB Retail & Brands AB (a)	5,416		29,050
SkiStar AB, Series B	6,100		98,533
Studsvik AB	1,000		18,134
Sweco AB, Series B *	7,000		61,344
Teleca AB, Series B *	6,800		11,733
Telelogic AB *	19,000		67,193
Trelleborg AB, Series B	15,800		315,424
			3,905,815
Switzerland - 4.04%
Affichage Holding AG *	309		70,173
AFG Arbonia-Forster Holding AG	291		86,550
Allreal Holding AG	916		129,075
Bank Coop AG	1,859		151,624

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Switzerland (continued)
Bank Sarasin & Compagnie AG, Series B	61	$	265,306
Belimo Holding AG	64		69,801
Berner Kantonalbank *	910		216,219
Bobst Group AG	40		3,106
Bucher Industries AG	1,199		325,544
Charles Voegele Holding AG *	913		77,129
Conzzeta Holding AG	37		91,392
Emmi AG	445		64,305
EMS-Chemie Holding AG	425		66,043
Energiedienst Holding AG *	299		192,926
Flughafen Zuerich AG	437		183,092
Forbo Holding AG *	348		184,420
Galenica Holding AG	430		142,804
Georg Fischer AG *	609		300,943
Gurit Heberlein AG	364		280,345
Helvetia Patria Holding AG	685		258,190
Hiestand Holding AG, Series A	39		68,784
Jelmoli Holding AG	135		381,582
Kaba Holding AG, Series B	447		150,942
Kuoni Reisen Holding AG, Series B	1,959		1,089,156
Luzerner Kantonalbank	1,251		332,283
Mobilezone Holding AG	10,362		74,603
Phoenix Mecano AG	228		114,570
PubliGroupe SA	418		129,638
Rieter Holding AG	615		235,468
Schulthess Group AG	810		59,530
Schweizerische
National-Versicherungs-Gesellschaft AG	78		64,087
Sia Abrasives Holding AG	131		52,520
St. Galler Kantonalbank *	614		288,622
Swissfirst AG	1,127		77,754
Swissquote Group Holding SA *	1,240		67,979
Tamedia AG	451		51,817
Tecan Group AG *	2,488		150,538
Temenos Group AG *	3,323		87,082
Valiant Holding AG *	3,659		715,223
Valora Holding AG	778		203,034
Verwaltungs & Privat Bank AG	3,265		721,251
Vontobel Holding AG (a)	9,372		325,772
WMH Walter Meier AG, Series A *	178		34,265
			8,635,487
Taiwan - 0.00%
Ya Hsin Industrial Company, Ltd. *	138,000		0
United Kingdom - 17.95%
A.G. Barr PLC	1,500		34,524
Abacus Group PLC	13,889		12,996
Aberdeen Asset Management PLC	98,472		270,775
AbitibiBowater, Inc. *	1,865		24,129
AEA Technology PLC *	19,508		27,141
Aegis Group PLC	52,764		130,339
Aga Foodservice Group PLC	19,460		121,239
Aggreko PLC	47,192		604,815
Alexon Group PLC *	6,881		13,110
Alizyme PLC *	22,479		19,659
Amlin PLC	57,326		309,273
Anglo Pacific Group PLC	14,519		45,221

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

207

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Anglo-Eastern Plantations PLC	8,092	$	102,767
Anite Group PLC	66,831		53,111
Arena Leisure PLC	107,875		95,272
Aricom PLC *	151,246		220,013
Arm Holdings PLC, ADR	35,212		185,567
Arriva PLC	23,561		320,917
Ashtead Group PLC	50,307		61,900
Autonomy Corp. PLC *	30,010		547,943
Aveva Group PLC	8,406		190,213
Avis Europe PLC *	71,985		36,426
Axis-Shield PLC *	6,528		35,652
Axon Group PLC	11,511		90,273
Babcock International Group PLC	28,340		321,631
BBA Aviation PLC	28,540		85,271
Beazley Group PLC	54,681		173,150
Bellway PLC	2,213		39,253
Benfield Group, Ltd.	24,966		123,479
Bespak PLC	3,566		39,420
BICC PLC	31,346		293,450
Biocompatibles International PLC *	10,935		31,556
Blacks Leisure Group PLC	8,616		25,360
Blinkx PLC *	30,010		9,676
Bloomsbury Publishing PLC	13,378		43,636
Bodycote International PLC	123,466		457,539
Bovis Homes Group PLC	26,718		321,615
BPP Holdings PLC	5,007		52,667
Braemar Seascope Group PLC	5,361		46,991
Brewin Dolphin Holdings PLC	48,637		133,210
Brit Insurance Holdings PLC	76,977		370,206
British Polythene Industries PLC	4,443		20,898
Britvic PLC	11,896		75,205
BSS Group PLC	15,284		118,466
Capital & Regional PLC	13,564		147,914
Care UK PLC	9,522		76,280
Carillion PLC	63,678		499,653
Carpetright PLC	5,505		83,399
Castings PLC	6,705		37,893
Catlin Group, Ltd.	10,377		91,151
Centaur Media PLC	36,430		57,160
Ceramic Fuel Cells PLC *	40,600		17,324
Charles Taylor Consulting PLC	6,425		35,333
Charter PLC *	11,570		195,204
Chemring Group PLC	10,411		508,373
Chime Communications PLC	60,938		35,026
Chloride Group PLC	45,330		171,914
Chrysalis Group PLC *	8,648		22,312
Clarkson PLC	2,479		37,920
Clinton Cards PLC	33,476		38,972
Communisis PLC	31,511		39,671
Computacenter PLC	12,617		42,975
Connaught PlC *	12,692		95,998
Cookson Group PLC	27,938		368,607
Corin Group PLC	4,523		42,491
Costain Group PLC *	151,942		77,799
Cranswick PLC	8,057		81,867
Creston PLC	10,587		12,172

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Croda International PLC	19,600	$	257,684
CSR PLC *	15,836		102,417
D.S. Smith PLC	71,346		221,918
Dairy Crest Group PLC	15,460		144,094
Dana Petroleum PLC *	12,741		318,760
Davis Service Group PLC	24,951		244,845
Dawson Holdings PLC	18,986		35,422
De La Rue PLC	23,027		405,557
Dechra Pharmaceuticals PLC	6,779		49,548
Delta PLC	17,178		32,027
Detica Group PLC	24,675		122,497
Development Securities PLC	8,899		81,385
Devro PLC	35,231		55,961
Dignity PLC	9,494		145,202
Diploma PLC	14,675		44,284
Domino Printing Sciences PLC	24,282		148,621
DTZ Holdings PLC	7,566		32,470
E2V Technologies PLC	17,360		61,075
Electrocomponents PLC	97,748		352,567
Elementis PLC	86,991		114,427
Ennstone PLC	84,550		49,612
Enodis PLC	37,756		104,286
Entertainment Rights PLC *	100,576		20,532
Euromoney Institutional Investor PLC	11,128		87,780
Evolution Group PLC	47,411		98,353
Expro International Group PLC	13,879		321,827
F&C Asset Management PLC	60,938		220,569
Fenner PLC	21,742		101,233
Filtrona PLC	51,099		174,333
Findel PLC	12,673		124,601
FKI PLC	89,617		123,999
Forth Ports PLC	8,466		345,378
Fortune Oil PLC *	359,509		60,647
Foseco PLC	10,257		59,894
French Connection Group PLC	8,047		13,871
Fuller Smith & Turner PLC	9,317		105,352
Galiform PLC *	201,168		316,479
Galliford Try PLC	45,150		58,343
Game Group PLC	60,751		255,932
GCAP Media PLC	18,571		72,309
Genus PLC *	5,143		74,617
Go-Ahead Group PLC	5,758		178,233
Greene King PLC	26,500		297,330
Greggs PLC	1,380		123,749
Halfords Group PLC	22,110		124,221
Halma PLC	53,572		205,987
Hampson Industries PLC	14,601		34,757
Hays PLC	23,616		53,603
Headlam Group PLC	16,906		127,596
Helical Bar PLC	19,485		145,430
Helphire PLC	17,190		61,773
Henderson Group PLC	108,262		227,666
Henry Boot PLC	26,180		72,116
Highway Insurance Holdings PLC	28,215		36,388
Hikma Pharmaceuticals PLC	17,304		160,857
Hill & Smith Holdings PLC	11,574		76,496

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

208

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Hiscox PLC	67,190	$	319,111
HMV Group PLC	65,959		170,462
Hochschild Mining PLC *	9,602		83,615
Holidaybreak PLC	6,396		69,608
Homeserve PLC	33,099		1,263,435
Hunting PLC	20,921		344,494
Huntsworth PLC	20,523		29,001
Hyder Consulting PLC	4,872		39,684
IG Group Holdings PLC	41,940		272,581
Imagination Technologies Group PLC *	25,207		33,707
IMI PLC	13,981		126,008
Inmarsat PLC	40,250		354,786
Intec Telecom Systems PLC *	38,573		32,569
Intermediate Capital Group PLC	10,888		337,912
International Personal Finance PLC	4,725		21,378
Interserve PLC	18,083		173,072
Intertek Group PLC	21,026		431,325
ITE Group PLC	35,107		101,216
J.D. Wetherspoon PLC	21,465		116,375
James Fisher & Sons PLC	9,920		120,048
Jardine Lloyd Thompson Group PLC	16,768		123,336
JJB Sports PLC	40,927		88,562
JKX Oil & Gas PLC	20,877		182,478
John Menzies PLC	3,700		41,206
John Wood Group PLC	25,390		204,070
Johnson Service Group PLC	7,456		3,423
Johnston Press PLC	30,257		74,539
Keller Group PLC	21,691		290,493
Kesa Electricals PLC	37,955		155,661
Kier Group PLC	5,040		137,951
Kingston Communications PLC	103,770		89,687
Laird Group PLC	29,498		295,745
Laura Ashley Holdings PLC	103,488		53,401
Lavendon Group PLC	4,966		33,093
Liontrust Asset Management PLC	5,181		24,679
Logicacmg PLC	65,221		137,097
Lookers PLC	28,870		51,764
Low & Bonar PLC	25,560		55,223
Luminar Group Holdings PLC	10,211		61,089
M.J. Gleeson Group PLC	10,775		50,682
Marshalls PLC	22,651		115,414
Marston's PLC	54,212		221,200
Marylebone Warwick Balfour Group PLC *	22,899		63,488
McBride PLC	15,311		32,045
Meggitt PLC	23,350		127,768
Melrose Resources PLC	8,798		57,054
Metalrax Group PLC	22,036		12,027
Mice Group PLC *	48,380		0
Michael Page International PLC	32,257		193,700
Micro Focus International PLC	15,909		59,976
Minerva PLC *	16,810		32,026
Misys PLC	59,049		162,216
Mitie Group PLC	40,564		194,946
Morgan Crucible Company PLC	39,661		172,006
Morgan Sindall PLC	3,466		68,075
Morse PLC	22,309		27,894

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Mothercare PLC	11,048	$	89,680
Mouchel Parkman PLC	15,227		131,711
N. Brown Group PLC	39,636		191,580
National Express Group PLC	13,063		260,747
Northern Foods PLC	21,997		40,337
Northgate PLC	10,250		115,840
Northumbrian Water Group PLC	47,126		326,397
Novae Group PLC *	144,785		100,618
Pace Micro Technology PLC *	22,213		40,228
Paypoint PLC	5,790		65,149
Pendragon PLC	167,620		112,217
Photo-Me International PLC	24,627		7,361
Pinewood Shepperton PLC	8,060		40,025
Premier Farnell PLC	63,770		225,906
Premier Foods PLC	20,682		46,222
Premier Oil PLC *	14,615		402,715
Protherics PLC *	51,506		55,111
Provident Financial PLC	20,207		339,644
Psion PLC	28,332		56,157
PZ Cussons PLC	46,023		169,055
Qinetiq PLC	87,217		334,331
Rathbone Brothers PLC	10,811		227,713
Raymarine PLC	13,300		61,444
REA Holdings PLC	4,098		51,969
Redrow PLC	33,287		213,987
Regent Inns PLC *	26,754		8,363
Regus Group PLC	127,837		240,950
Renishaw PLC	8,451		114,149
Rensburg Sheppards PLC	5,301		55,268
Restaurant Group PLC	43,039		131,701
Ricardo PlC *	6,139		42,673
Rightmove PLC *	4,832		46,768
RM PLC	11,530		45,347
Robert Walters PLC	17,462		60,146
Robert Wiseman Dairies PLC	6,778		60,799
ROK PLC	7,461		17,937
Rotork PLC	10,588		226,761
Royalblue Group PLC	4,074		59,863
RPC Group PLC	19,953		80,377
RPS Group PLC	51,084		327,177
Salamander Energy PLC *	9,099		54,805
Savills PLC	23,562		164,840
SDL PLC *	12,484		77,120
Senior PLC	89,677		178,165
Serco Group PLC	48,653		438,406
Severfield Rowen PLC	7,716		45,680
Shanks Group PLC	39,095		201,845
Shore Capital Group PLC	22,807		16,761
SIG PLC	14,415		251,522
Skyepharma PLC *	127,236		34,744
SMG PLC *	32,342		7,061
Smiths News PLC	32,271		63,936
Soco International PLC *	10,043		381,398
Spectris PLC	18,161		268,439
Speedy Hire PLC	4,151		62,725
Spirax-Sarco Engineering PLC	18,222		371,137

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

209

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Spirent Communications PLC, ADR *	992	$	4,811
Spirent Communications PLC *	129,975		163,863
Sportech PLC *	11,390		17,064
Spring Group PLC	29,401		28,029
SSL International PLC	27,606		248,306
St. Ives Group PLC	19,089		92,130
St. Modwen Properties PLC	23,999		233,490
Stagecoach Group PLC	55,407		266,149
Sthree PLC	11,149		43,110
Taylor Nelson Sofres PLC	59,710		187,386
TDG PLC	7,411		34,224
Thorntons PLC	11,977		33,501
Thus Group PLC *	22,962		54,168
Topps Tiles PLC	36,666		82,658
Town Centre Securities PLC	4,155		21,105
Travis Perkins PLC	4,697		99,992
Trinity Mirror PLC	30,793		180,637
TT electronics PLC	25,513		49,210
Tullett Prebon PLC	21,141		199,605
UK Coal PLC *	25,532		220,543
Ultra Electronics Holdings PLC	8,853		227,379
Umeco PLC	8,928		93,009
Uniq PLC	31,402		63,712
United Business Media PLC	31,280		335,587
UTV Media PLC	5,094		23,960
Venture Production PLC	14,570		180,382
Vernalis PLC *	60,104		8,290
Victrex PLC	9,390		139,898
VT Group PLC	22,913		298,957
W.S. Atkins PLC	16,286		340,028
Weir Group PLC	35,685		539,011
WH Smith PLC * (a)	29,217		215,116
Whatman PLC	20,925		111,135
White Young Green PLC	4,301		23,789
William Hill PLC	21,358		159,487
Wilmington Group PLC	8,076		28,376
Wincanton PLC	18,759		128,341
Wolfson Microelectronics PLC *	11,274		25,405
Woolworths Group PLC	185,655		40,588
WSP Group PLC	10,892		130,828
Xaar PLC	8,223		27,621
Yule Catto & Company PLC	50,811		157,865
			38,376,425
TOTAL COMMON STOCKS (Cost $217,299,586)		$	211,647,362
PREFERRED STOCKS - 0.02%
Australia - 0.02%
Village Roadshow, Ltd. (a)	14,479		34,610
TOTAL PREFERRED STOCKS (Cost $34,807)		$	34,610
WARRANTS - 0.00%
Canada - 0.00%
Tembec, Inc.
(Expiration Date 03/03/2012) *	2,543		1,239

International Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
WARRANTS (continued)
Hong Kong - 0.00%
Champion Technology Holdings, Ltd.
(Expiration Date 04/16/2009, Strike
Price HKD 1.60) *		63,109	$	0
Kantone Holdings, Ltd.
(Expiration Date 01/08/2009, Strike
Price HKD 0.81) *		101,587		653
Matsunichi Communication Holdings, Ltd.
(Expiration Date 08/28/2010, Strike
Price HKD 6.00) *		4,500		1,359
Paliburg Holdings, Ltd.
(Expiration Date 11/08/2010, Strike
Price HKD 0.21) *		138,000		124
Tian An China Investment
(Expiration Date 01/02/2010, Strike
Price HKD 10.00) *		28,800		1,887
				4,023
New Zealand - 0.00%
Infratil, Ltd.
(Expiration Date 06/29/2012, Strike
Price NZD 4.12) *		5,570		1,445
Singapore - 0.00%
Goodpack, Ltd.
(Expiration Date 07/16/2009, Strike
Price SGD 1.38) *		4,500		752
Switzerland - 0.00%
EMS-Chemie Holding AG
(Expiration Date 04/14/2008, Strike
Price CHF 180.00) *		425		727
TOTAL WARRANTS (Cost $2,621)			$	8,186
RIGHTS - 0.00%
Australia - 0.00%
Iluka Resources, Ltd. (Expiration Date
04/09/2008, Strike Price AUD 2.55) *		22,059		0
Canada - 0.00%
Catalyst Paper Corp. (Expiration Date
04/07/2008, Strike Price CAD 0.75) *		48,200		5,870
Sweden - 0.00%
Teleca AB (Expiration Date 04/18/2008,
Strike Price SEK 11.00) *		13,600		0
TOTAL RIGHTS (Cost $0)			$	5,870
SHORT TERM INVESTMENTS - 12.59%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	26,920,930	$	26,920,930
TOTAL SHORT TERM INVESTMENTS
(Cost $26,920,930)			$	26,920,930

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

210

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.04%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$77,003 on 04/01/2008,
collateralized by $80,000 Federal
Home Loan Mortgage Corp.,
7.00% due 07/11/2022 (valued at
$79,400, including interest)	$	77,000	$	77,000
TOTAL REPURCHASE AGREEMENTS
(Cost $77,000)			$	77,000
Total Investments (International Small Company Trust)
(Cost $244,334,944) - 111.62%			$	238,693,958
Liabilities in Excess of Other Assets - (11.62)%				(24,850,937)
TOTAL NET ASSETS - 100.00%			$	213,843,021

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Building Materials & Construction	6.21%
Banking	5.37%
Food & Beverages	4.64%
Business Services	4.21%
Metal & Metal Products	3.65%

International Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.05%
Australia - 0.50%
Downer EDI, Ltd. (a)	1,389,900	$	7,966,289
Austria - 0.88%
Telekom Austria AG	671,200		13,864,254
Belgium - 1.03%
Belgacom SA	366,810		16,217,821
Bermuda - 1.38%
ACE, Ltd.	395,542		21,778,543
China - 0.40%
China Telecom Corp., Ltd. (a)	10,072,427		6,367,723
Denmark - 0.50%
Vestas Wind Systems AS *	71,284		7,846,681
Finland - 1.77%
Stora Enso Oyj, R Shares (a)	1,064,551		12,310,406
UPM-Kymmene Oyj (a)	878,064		15,620,632
			27,931,038
France - 10.46%
AXA Group SA	834,891		30,195,489
France Telecom SA	1,378,016		46,294,955
Sanofi-Aventis SA	520,553		39,042,925
Thomson SA	1,656,260		11,541,636
Total SA	359,746		26,651,379
Vivendi SA	293,410		11,477,048
			165,203,432

International Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany - 6.82%
Bayerische Motoren Werke (BMW) AG	308,986	$	17,034,789
Deutsche Post AG	639,141		19,519,770
Infineon Technologies AG * (a)	1,605,710		11,244,888
Muenchener Rueckversicherungs-
Gesellschaft AG	120,454		23,603,706
SAP AG	308,610		15,333,071
Siemens AG	193,221		20,954,970
			107,691,194
Hong Kong - 1.56%
Hutchison Whampoa, Ltd.	2,602,031		24,698,904
Israel - 1.63%
Check Point Software Technologies, Ltd. *	1,146,141		25,673,558
Italy - 3.63%
Eni SpA	683,757		23,274,576
Mediaset SpA (a)	2,475,418		22,939,311
UniCredito Italiano SpA	1,655,043		11,089,140
			57,303,027
Japan - 6.86%
Aiful Corp. (a)	428,649		6,854,574
Konica Minolta Holdings, Inc.	799,538		10,999,838
Mitsubishi UFJ Financial Group, Inc.	1,928,900		16,873,681
NGK Spark Plug Company, Ltd. (a)	1,298,000		16,987,989
Nissan Motor Company, Ltd. (a)	0		0
Promise Company, Ltd. (a)	270,600		7,826,585
Sony Corp.	430,104		17,299,480
Toyota Motor Corp.	150,200		7,589,278
USS Company, Ltd.	342,250		23,847,422
			108,278,847
Netherlands - 5.65%
ING Groep NV	954,822		35,696,349
Koninklijke (Royal) Philips Electronics NV	545,165		20,868,777
Reed Elsevier NV	1,711,462		32,723,630
			89,288,756
Norway - 1.62%
Norske Skogindustrier ASA (a)	1,790,298		6,295,582
Telenor ASA	1,000,095		19,259,686
			25,555,268
Singapore - 3.35%
Flextronics International, Ltd. *	1,556,650		14,616,944
Singapore Telecommunications, Ltd. (a)	8,784,000		25,143,446
Venture Corp., Ltd. (a)	1,696,311		13,096,653
			52,857,043
South Korea - 4.12%
Kookmin Bank, SADR	212,007		11,882,992
KT Corp., SADR	323,078		7,673,103
Samsung Electronics Company, Ltd.	71,909		45,471,828
			65,027,923
Spain - 2.17%
Gamesa Corporacion Tecno SA	109,898		5,017,001
Telefonica SA	1,018,867		29,274,078
			34,291,079

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

211

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Sweden - 1.84%
Ericsson LM, Series B		6,602,490	$	12,952,741
Securitas AB, B Shares (a)		672,911		8,900,471
Securitas Systems AB		2,457,271		7,142,529
				28,995,741
Switzerland - 6.23%
Adecco SA		483,850		27,950,173
Nestle SA		42,241		21,113,840
Novartis AG		415,350		21,313,281
Swiss Re		202,131		17,668,843
UBS AG		357,668		10,414,597
				98,460,734
Taiwan - 7.33%
Chunghwa Telecom Company, Ltd. *		839,500		21,843,790
Compal Electronics, Inc., GDR (g)		447,649		2,103,950
Compal Electronics, Inc.		11,909,103		11,451,374
Lite-On Technology Corp.		17,802,093		20,778,559
Mega Financial Holding Company, Ltd.		50,001,000		39,448,733
Taiwan Semiconductor
Manufacturing Company, Ltd.		9,757,000		20,191,869
				115,818,275
United Kingdom - 25.91%
Aviva PLC		1,768,360		21,682,623
BAE Systems PLC		849,301		8,189,718
BP PLC		3,385,565		34,301,453
British Sky Broadcasting Group PLC		1,595,113		17,636,733
Centrica PLC		3,071,320		18,197,053
Compass Group PLC		4,885,677		31,265,329
GlaxoSmithKline PLC		1,517,324		32,094,751
Group 4 Securicor PLC		6,706,810		30,327,242
HBOS PLC		614,430		6,835,500
HSBC Holdings PLC		1,915,120		31,549,531
Kingfisher PLC		5,871,930		15,438,850
Old Mutual PLC		7,372,770		16,180,449
Pearson PLC		1,583,921		21,451,841
Persimmon PLC		431,560		6,554,270
Rentokil Initial PLC		4,688,638		9,059,490
Royal Bank of Scotland Group PLC		3,328,353		22,297,251
Royal Dutch Shell PLC, B Shares		781,726		26,333,641
Tesco PLC		1,117,730		8,423,882
Unilever PLC		520,100		17,592,045
Vodafone Group PLC		11,324,238		33,660,429
				409,072,081
United States - 0.41%
Invesco, Ltd.		267,977		6,527,920
TOTAL COMMON STOCKS (Cost $1,420,744,650)			$	1,516,716,131
SHORT TERM INVESTMENTS - 10.36%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	132,000,286	$	132,000,286
Paribas Corp. Time Deposit
2.95% due 04/01/2008		31,605,000		31,605,000
TOTAL SHORT TERM INVESTMENTS
(Cost $163,605,286)			$	163,605,286

International Value Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.00%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$50,002 on 04/01/2008,
collateralized by $55,000 Federal
Home Loan Mortgage Corp.,
5.51% due 01/23/2023 (valued at
$55,288, including interest)	$	50,000	$	50,000
TOTAL REPURCHASE AGREEMENTS
(Cost $50,000)			$	50,000
Total Investments (International Value Trust)
(Cost $1,584,399,936) - 106.41%			$	1,680,371,417
Liabilities in Excess of Other Assets - (6.41)%				(101,285,998)
TOTAL NET ASSETS - 100.00%			$	1,579,085,419

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Telecommunications Equipment & Services	14.73%
Insurance	10.56%
Electronics	7.78%
Financial Services	6.50%
International Oil	4.83%

Investment Quality Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 21.96%
Treasury Inflation Protected
Securities (d) - 6.31%
2.375% due 04/15/2011	$	26,349,429	$	28,309,168
U.S. Treasury Bonds - 15.65%
6.00% due 02/15/2026		350,000		423,937
7.875% due 02/15/2021		17,256,000		23,929,223
8.125% due 08/15/2021		8,477,000		12,040,655
8.125% due 08/15/2019 ****		3,090,000		4,304,515
8.75% due 08/15/2020		20,150,000		29,589,026
				70,287,356
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $93,481,771)			$	98,596,524
U.S. GOVERNMENT AGENCY OBLIGATIONS - 6.61%
Federal Home Loan Bank - 0.59%
5.80% due 09/02/2008		2,595,000		2,631,488
Federal Home Loan Mortgage Corp. - 0.85%
4.00% due 11/15/2019		864,735		834,764
6.30% due 03/15/2023		2,389		2,386
6.50% due 04/01/2029 to 08/01/2034		170,782		177,960
6.625% due 09/15/2009		2,595,000		2,756,225
7.50% due 06/01/2010 to 05/01/2028		47,748		51,284
				3,822,619

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

212

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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 - 4.57%
4.656% due 06/01/2013	$	1,188,987	$	1,204,187
4.917% due 02/01/2013		1,684,315		1,724,614
5.00% due 03/01/2019 to 06/01/2019		8,423,228		8,532,857
5.63% due 12/01/2011		1,329,817		1,392,896
5.973% due 11/01/2011		1,020,013		1,074,270
6.055% due 05/01/2012		1,082,306		1,151,127
6.085% due 10/01/2011		930,355		982,262
6.095% due 03/01/2012		546,215		583,665
6.50% due 02/01/2036		225,803		234,070
6.625% due 09/15/2009		3,400,000		3,611,239
7.00% due 06/01/2029		2,802		2,983
				20,494,170
Government National Mortgage
Association - 0.48%
6.00% due 08/15/2008 to 04/15/2035		538,781		557,200
6.50% due 07/15/2008 to 02/15/2035		240,383		251,131
7.00% due 11/15/2031 to 10/15/2034		1,247,953		1,332,675
8.00% due 07/15/2030 to 10/15/2030		22,744		24,961
				2,165,967
Housing & Urban Development - 0.12%
7.498% due 08/01/2011		519,000		553,895
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $30,491,693)			$	29,668,139
FOREIGN GOVERNMENT OBLIGATIONS - 0.90%
Brazil - 0.90%
Federative Republic of Brazil
6.00% due 11/15/2009	BRL	2,300,000		2,221,344
6.00% due 08/15/2010		1,950,000		1,828,507
				4,049,851
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $4,001,588)			$	4,049,851
CORPORATE BONDS - 43.36%
Advertising - 0.01%
R.H. Donnelley Corp.
6.875% due 01/15/2013	$	70,000		42,700
Agriculture - 0.30%
Cargill, Inc.
5.60% due 09/15/2012 (g)		1,285,000		1,316,926
Mosaic Company
7.625% due 12/01/2014 (g)		25,000		26,750
7.625% due 12/01/2016 (g)		20,000		21,500
				1,365,176
Air Travel - 0.47%
American Airlines
3.857% due 07/09/2010		134,321		128,465
Continental Airlines, Inc., Series 974A
6.90% due 01/02/2018		710,494		683,851
Continental Airlines, Inc., Series 981A
6.648% due 09/15/2017		489,482		482,139
Continental Airlines, Inc., Series A
5.983% due 04/19/2022		15,000		13,364

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Air Travel (continued)
Continental Airlines, Inc., Series B
6.903% due 04/19/2022	$	5,000	$	4,175
Continental Airlines, Inc., Series ERJ1
9.798% due 04/01/2021		59,326		54,432
Southwest Airlines Company, Series 07-1
6.15% due 08/01/2022		746,835		732,020
				2,098,446
Aluminum - 0.02%
Alcan, Inc.
6.45% due 03/15/2011		81,000		86,230
Novelis, Inc.
7.25% due 02/15/2015		22,000		19,470
				105,700
Auto Parts - 0.04%
TRW Automotive, Inc.
7.00% due 03/15/2014 (g)		200,000		184,500
Auto Services - 0.03%
Avis Budget Car Rental LLC
7.625% due 05/15/2014		60,000		51,750
KAR Holdings, Inc.
10.00% due 05/01/2015		35,000		30,275
United Rentals North America, Inc.
6.50% due 02/15/2012		50,000		45,250
				127,275
Automobiles - 0.15%
DaimlerChrysler NA Holding Corp.
8.50% due 01/18/2031		575,000		657,298
Banking - 4.25%
Bank of America Corp.
4.375% due 12/01/2010		1,514,000		1,540,215
5.42% due 03/15/2017		4,000,000		3,967,588
Chase Manhattan Corp.
7.00% due 11/15/2009		865,000		903,796
Citicorp
6.375% due 11/15/2008		519,000		529,201
First Republic Bank of San Francisco
7.75% due 09/15/2012		714,000		772,605
First Union National Bank
6.919% due 12/15/2036		500,000		486,323
7.80% due 08/18/2010		1,500,000		1,614,658
HBOS PLC
6.00% due 11/01/2033 (g)		710,000		612,249
National Australia Bank, Ltd.
8.60% due 05/19/2010		152,000		164,145
NBD Bancorp
8.25% due 11/01/2024		1,730,000		1,985,820
Republic New York Corp.
9.50% due 04/15/2014		865,000		1,030,846
Royal Bank of Scotland Group PLC
6.40% due 04/01/2009		2,379,000		2,436,817
RSHB Capital SA for OJSC Russian Agricultural
Bank
6.299% due 05/15/2017 (g)		410,000		379,763
7.175% due 05/16/2013		750,000		763,187
Sanwa Bank, Ltd., New York Branch
7.40% due 06/15/2011		450,000		492,857

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

213

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Sovereign Bancorp, Inc.
4.80% due 09/01/2010	$	195,000	$	192,915
VTB Capital SA
6.25% due 07/02/2035 (g)		500,000		461,875
Wachovia Corp.
5.75% due 06/15/2017		790,000		766,776
				19,101,636
Broadcasting - 0.67%
CanWest Media, Inc.
8.00% due 09/15/2012		40,000		38,000
Clear Channel Communications, Inc.
7.65% due 09/15/2010		1,200,000		1,267,445
Comcast Cable Communications
8.50% due 05/01/2027		556,000		651,306
Liberty Media Corp.
5.70% due 05/15/2013		26,000		22,764
7.75% due 07/15/2009		285,000		285,562
7.875% due 07/15/2009		31,000		31,108
8.25% due 02/01/2030		18,000		15,106
News America Holdings, Inc.
7.75% due 01/20/2024		622,000		685,551
				2,996,842
Building Materials & Construction - 0.20%
Ahern Rentals, Inc.
9.25% due 08/15/2013		35,000		27,738
SCL Terminal Aereo Santiago
6.95% due 07/01/2012 (g)		769,685		828,913
Texas Industries, Inc.
7.25% due 07/15/2013		35,000		34,037
				890,688
Business Services - 0.29%
Deluxe Corp.
7.375% due 06/01/2015		170,000		158,525
FedEx Corp., Series 981A
6.72% due 01/15/2022		934,621		1,023,468
Harland Clarke Holdings Corp.
9.50% due 05/15/2015		15,000		11,025
IKON Office Solutions, Inc.
9.9263% due 01/01/2012 (b)(g)		60,000		57,000
Sungard Data Systems, Inc.
9.125% due 08/15/2013		62,000		62,620
				1,312,638
Cable & Television - 2.24%
Cablevision Systems Corp., Series B
8.00% due 04/15/2012		87,000		84,607
Coleman Cable, Inc.
9.875% due 10/01/2012		25,000		20,750
Cox Communications, Inc.
5.875% due 12/01/2016 (g)		850,000		843,954
7.125% due 10/01/2012		532,000		563,411
CSC Holdings, Inc.
7.625% due 07/15/2018		44,000		40,150
DirecTV Holdings LLC
6.375% due 06/15/2015		65,000		60,613
LIN Television Corp.
6.50% due 05/15/2013		15,000		13,913

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable & Television (continued)
LIN Television Corp., Series B
6.50% due 05/15/2013	$	18,000	$	16,695
Mediacom Broadband LLC
8.50% due 10/15/2015		78,000		65,520
Quebecor Media, Inc.
7.75% due 03/15/2016		55,000		50,188
7.75% due 03/15/2016 (g)		15,000		13,688
Rogers Cable, Inc.
6.25% due 06/15/2013		400,000		417,626
Shaw Communications, Inc.
8.25% due 04/11/2010		31,000		32,317
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012		17,000		17,170
TCI Communications, Inc.
8.75% due 08/01/2015		692,000		782,779
Time Warner Cable, Inc.
5.85% due 05/01/2017		1,895,000		1,813,913
6.55% due 05/01/2037		450,000		424,791
Time Warner, Inc.
7.25% due 10/15/2017		390,000		403,810
7.70% due 05/01/2032		1,298,000		1,366,543
Viacom, Inc.
6.125% due 10/05/2017		1,300,000		1,267,618
6.25% due 04/30/2016		757,000		736,887
6.625% due 05/15/2011		400,000		408,016
7.875% due 07/30/2030		625,000		608,594
				10,053,553
Cellular Communications - 0.74%
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		606,000		659,152
8.125% due 05/01/2012		364,000		407,349
8.75% due 03/01/2031		703,000		853,156
Cingular Wireless LLC
7.125% due 12/15/2031		433,000		455,547
Rogers Wireless, Inc.
9.625% due 05/01/2011		178,000		197,200
Vodafone Group PLC
7.75% due 02/15/2010		714,000		756,676
				3,329,080
Chemicals - 0.46%
Agrium, Inc.
7.125% due 05/23/2036		750,000		787,780
Cytec Industries, Inc.
6.00% due 10/01/2015		1,250,000		1,238,051
IMC Global, Inc.
7.30% due 01/15/2028		22,000		21,340
Terra Capital, Inc., Series B
7.00% due 02/01/2017		15,000		14,794
				2,061,965
Coal - 0.09%
Massey Energy Company
6.625% due 11/15/2010		15,000		14,869
Peabody Energy Corp.
6.875% due 03/15/2013		74,000		75,110
7.375% due 11/01/2016		290,000		300,150
				390,129

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

214

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Commercial Services - 0.02%
Aramark Services, Inc.
8.50% due 02/01/2015	$	65,000	$	65,163
Rental Service Corp.
9.50% due 12/01/2014		50,000		41,750
				106,913
Computers & Business Equipment - 0.17%
Xerox Corp.
5.50% due 05/15/2012		270,000		272,274
6.40% due 03/15/2016		400,000		413,812
7.20% due 04/01/2016		70,000		74,860
				760,946
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		367,530
				480,345
Correctional Facilities - 0.07%
Corrections Corp. of America
6.25% due 03/15/2013		30,000		29,400
6.75% due 01/31/2014		300,000		301,500
				330,900
Crude Petroleum & Natural Gas - 0.43%
Atmos Energy Corp.
6.35% due 06/15/2017		195,000		199,335
Burlington Resources Finance Company
7.40% due 12/01/2031		541,000		636,002
Chesapeake Energy Corp.
6.50% due 08/15/2017		65,000		62,725
6.625% due 01/15/2016		298,000		292,040
6.875% due 01/15/2016		5,000		4,950
7.50% due 09/15/2013		22,000		22,660
OPTI Canada, Inc.
7.875% due 12/15/2014		45,000		43,988
Petrobras International Finance Company
5.875% due 03/01/2018		585,000		563,089
PetroHawk Energy Corp.
9.125% due 07/15/2013		35,000		35,962
Plains Exploration & Production Company
7.75% due 06/15/2015		35,000		34,913
Southwestern Energy Company
7.50% due 02/01/2018 (g)		35,000		36,225
				1,931,889
Domestic Oil - 0.36%
Delta Petroleum Corp.
7.00% due 04/01/2015		35,000		31,150
Motiva Enterprises LLC
5.20% due 09/15/2012 (g)		952,000		1,008,276
Range Resources Corp.
7.50% due 05/15/2016		20,000		20,500
7.50% due 10/01/2017		10,000		10,250
Valero Energy Corp.
8.75% due 06/15/2030		403,000		482,322
Whiting Petroleum Corp.
7.00% due 02/01/2014		22,000		21,780

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Domestic Oil (continued)
Whiting Petroleum Corp. (continued)
7.25% due 05/01/2013	$	22,000	$	21,670
				1,595,948
Drugs & Health Care - 0.04%
Allegiance Corp.
7.00% due 10/15/2026		87,000		88,539
Rite Aid Corp.
8.125% due 05/01/2010		117,000		114,075
				202,614
Electrical Utilities - 3.50%
Avista Corp.
9.75% due 06/01/2008		113,000		114,238
Carolina Power & Light Company
6.50% due 07/15/2012		1,254,000		1,350,713
CMS Energy Corp.
8.50% due 04/15/2011		26,000		27,616
Commonwealth Edison Company
5.95% due 08/15/2016		400,000		406,283
6.15% due 03/15/2012		273,000		284,933
Dynegy Holdings, Inc.
7.125% due 05/15/2018		35,000		31,500
Edison Mission Energy
7.75% due 06/15/2016		30,000		30,900
Enel Finance International SA
6.80% due 09/15/2037 (g)		1,155,000		1,164,800
Exelon Generation Company, LLC
6.95% due 06/15/2011		550,000		583,501
Georgia Power Company
5.25% due 12/15/2015		250,000		252,979
New York State Electric & Gas Corp.
5.75% due 05/01/2023		476,000		429,993
Northern States Power Company
6.50% due 03/01/2028		433,000		458,815
NSTAR
8.00% due 02/15/2010		1,730,000		1,871,798
Ohio Edison Company
4.00% due 05/01/2008		250,000		249,982
Old Dominion Electric Cooperative
6.25% due 06/01/2011		904,000		951,408
Pacificorp
6.375% due 05/15/2008		865,000		867,784
Potomac Electric Power Company
5.50% due 11/15/2037		750,000		732,322
PSEG Power LLC
8.625% due 04/15/2031		511,000		626,801
Puget Sound Energy, Inc.
7.00% due 03/09/2029		346,000		360,400
Reliant Energy, Inc.
6.75% due 12/15/2014		41,000		41,717
Southern California Edison Company
6.00% due 01/15/2034		649,000		654,636
Taqa Abu Dhabi National Energy Company
6.50% due 10/27/2036 (g)		950,000		854,772
TXU Corp., Series P
5.55% due 11/15/2014		109,000		85,112
Union Electric Company
6.40% due 06/15/2017		2,330,000		2,448,676

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

215

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Wisconsin Electric Power Company
6.50% due 06/01/2028	$	606,000	$	631,470
Wisconsin Energy Corp.
6.20% due 04/01/2033		217,000		217,465
				15,730,614
Electronics - 0.15%
Avnet, Inc.
6.625% due 09/15/2016		600,000		619,335
L-3 Communications Corp., Series B
6.375% due 10/15/2015		45,000		43,987
Sanmina-SCI Corp.
5.55% due 06/15/2010 (b)(g)		30,000		29,100
				692,422
Energy - 0.48%
Abu Dhabi National Energy Company
5.875% due 10/27/2016 (g)		500,000		496,166
Aquila, Inc.
9.95 due 02/01/2011		70,000		73,707
14.875% due 07/01/2012		30,000		36,975
Dynegy Holdings, Inc.
8.375% due 05/01/2016		50,000		49,500
Midamerican Funding LLC
6.75% due 03/01/2011		865,000		934,583
Mirant North America LLC
7.375% due 12/31/2013		65,000		65,650
NRG Energy, Inc.
7.25% due 02/01/2014		35,000		34,562
7.375% due 02/01/2016		20,000		19,600
7.375% due 01/15/2017		25,000		24,313
XTO Energy, Inc.
6.75% due 08/01/2037		380,000		406,426
				2,141,482
Financial Services - 11.27%
AGFC Capital Trust I
6.00% due 01/15/2067 (b)(g)		860,000		708,686
American Financial Group, Inc.
7.125% due 04/15/2009		295,000		303,953
American General Finance Corp.
5.375% due 10/01/2012		346,000		339,661
Arch Western Finance LLC
6.75% due 07/01/2013		69,000		68,828
Associates Corp. of North America
8.55% due 07/15/2009		519,000		548,497
Bear Stearns Companies, Inc.
6.40% due 10/02/2017		85,000		83,929
6.95% due 08/10/2012		570,000		570,281
7.25% due 02/01/2018		675,000		697,539
Beneficial Corp.
8.40% due 05/15/2008		303,000		304,786
BTM (Curacao) Holdings NV
4.76% due 07/21/2015 (b)(g)		480,000		477,821
Capital One Capital IV
6.745% due 02/17/2037 (b)		400,000		285,622
Capmark Financial Group, Inc.
5.875% due 05/10/2012 (g)		785,000		497,357
6.30% due 05/10/2017 (g)		220,000		131,909

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
CIT Group, Inc.
5.60% due 04/27/2011	$	750,000	$	604,949
7.625% due 11/30/2012		830,000		689,842
Citigroup Capital XXI
8.30% due 12/21/2057 (b)		1,055,000		1,039,569
Citigroup, Inc.
4.875% due 05/07/2015		989,000		918,580
5.50% due 08/27/2012		1,525,000		1,533,657
6.875% due 03/05/2038		1,200,000		1,197,555
Countrywide Financial Corp.
4.50% due 06/15/2010		210,000		187,029
5.80% due 06/07/2012		1,380,000		1,250,262
Countrywide Home Loan
4.00% due 03/22/2011		290,000		258,636
Discover Financial Services
6.45% due 06/12/2017 (g)		885,000		761,612
Equitable Companies, Inc.
7.00% due 04/01/2028		865,000		916,013
Erac USA Finance Company
8.00% due 01/15/2011 (g)		1,816,000		1,937,307
Farmers Exchange Capital
7.05% due 07/15/2028 (g)		725,000		665,689
Ford Motor Credit Company
6.625% due 06/16/2008		40,000		39,548
7.00% due 10/01/2013		119,000		92,822
General Electric Capital Corp.
6.125% due 02/22/2011		433,000		460,247
6.75% due 03/15/2032		1,641,000		1,752,769
General Motors Acceptance Corp.
6.875% due 09/15/2011		432,000		330,637
8.00% due 11/01/2031		500,000		358,346
Goldman Sachs Group, Inc.
5.45% due 11/01/2012		805,000		815,310
6.15% due 04/01/2018		1,300,000		1,298,071
6.75% due 10/01/2037		3,715,000		3,456,187
6.875% due 01/15/2011		692,000		738,704
International Lease Finance Corp.
5.625% due 09/15/2010		670,000		675,313
6.375% due 03/25/2013		425,000		424,672
Janus Capital Group, Inc.
6.25% due 06/15/2012		305,000		309,882
JP Morgan Chase & Company
5.375% due 10/01/2012		1,050,000		1,090,250
6.00% due 01/15/2018		1,120,000		1,167,960
JP Morgan Chase Capital XV
5.875% due 03/15/2035		433,000		368,165
Lazard Group
6.85% due 06/15/2017		1,840,000		1,723,022
Lehman Brothers Holdings, Inc.
7.00% due 09/27/2027		1,695,000		1,566,741
Lehman Brothers Holdings, Inc., MTN
6.20% due 09/26/2014		2,135,000		2,105,802
Merrill Lynch & Company, Inc.
5.45% due 02/05/2013		450,000		442,737
6.40% due 08/28/2017		2,250,000		2,220,318
Mizuho Financial Group, Cayman
5.79% due 04/15/2014 (g)		779,000		817,326
Morgan Stanley
4.75% due 04/01/2014		649,000		602,455

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

216

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Morgan Stanley (continued)
5.55% due 04/27/2017	$	285,000	$	268,019
6.25% due 08/28/2017		1,320,000		1,312,803
6.75% due 04/15/2011		684,000		716,976
Morgan Stanley Dean Witter
6.60% due 04/01/2012		1,285,000		1,332,260
Morgan Stanley, MTN
6.625% due 04/01/2018		1,050,000		1,050,370
NiSource Finance Corp.
6.40% due 03/15/2018		385,000		385,556
Sun Canada Financial Company
7.25% due 12/15/2015 (g)		1,471,000		1,693,617
Sunamerica, Inc.
8.125% due 04/28/2023		865,000		995,689
The Bear Stearns Companies, Inc.
5.35% due 02/01/2012		195,000		187,534
United States Bancorp Oregon
7.50% due 06/01/2026		1,624,000		1,789,374
Wells Fargo & Company
4.375% due 01/31/2013		1,065,000		1,059,546
				50,628,597
Food & Beverages - 0.93%
Cia Brasileira de Bebidas
8.75% due 09/15/2013		879,000		1,028,430
General Mills, Inc.
5.20% due 03/17/2015		445,000		446,267
Kellogg Company
4.25% due 03/06/2013		425,000		423,680
Kraft Foods, Inc.
5.625% due 11/01/2011		390,000		397,371
6.50% due 11/01/2031		1,064,000		999,437
Smithfield Foods, Inc., Series B
7.75% due 05/15/2013		35,000		34,650
Tyson Foods, Inc.
6.85% due 04/01/2016		400,000		400,484
YUM Brands, Inc.
7.65% due 05/15/2008		463,000		465,459
				4,195,778
Forest Products - 0.22%
Weyerhaeuser Company
6.75% due 03/15/2012		692,000		727,586
7.95% due 03/15/2025		260,000		265,270
				992,856
Funeral Services - 0.01%
Service Corp. International
7.375% due 10/01/2014		10,000		10,013
7.625% due 10/01/2018		20,000		20,100
				30,113
Gas & Pipeline Utilities - 0.75%
CenterPoint Energy Resources Corp.
6.125% due 11/01/2017		400,000		408,544
El Paso Corp.
7.00% due 06/15/2017		30,000		30,855
El Paso Natural Gas Company
5.95% due 04/15/2017		85,000		83,372

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Gas & Pipeline Utilities (continued)
Kinder Morgan Energy Partners LP
7.125% due 03/15/2012	$	692,000	$	735,196
Kinder Morgan Finance Company
5.70% due 01/05/2016		70,000		66,325
NGPL PipeCo LLC
6.514% due 12/15/2012 (g)		1,850,000		1,921,306
Williams Companies, Inc.
7.125% due 09/01/2011		87,000		92,438
8.125% due 03/15/2012		34,000		37,145
				3,375,181
Healthcare Products - 0.01%
Universal Hospital Services, Inc.
8.50% due 06/01/2015		25,000		25,000
Healthcare Services - 0.31%
DaVita, Inc.
6.625% due 03/15/2013		13,000		12,610
7.25% due 03/15/2015		13,000		12,675
UnitedHealth Group, Inc.
6.00% due 02/15/2018		1,375,000		1,346,836
				1,372,121
Homebuilders - 0.49%
Centex Corp.
7.875% due 02/01/2011		188,000		177,660
D.R. Horton, Inc.
6.50% due 04/15/2016		375,000		333,750
7.875% due 08/15/2011		825,000		799,219
9.75% due 09/15/2010		91,000		89,862
Pulte Homes, Inc.
8.125% due 03/01/2011		805,000		780,850
				2,181,341
Hotels & Restaurants - 0.05%
Buffalo Thunder Development Authority
9.375% due 12/15/2014 (g)		85,000		63,750
Wyndham Worldwide Corp.
6.00% due 12/01/2016		185,000		168,962
				232,712
Household Products - 0.24%
Procter & Gamble, Series A
9.36% due 01/01/2021		840,456		1,083,650
Insurance - 4.11%
AAG Holding Company, Inc.
6.875% due 06/01/2008		1,479,000		1,486,170
ACE Capital Trust II
9.70% due 04/01/2030		752,000		842,523
ACE INA Holdings, Inc.
5.70% due 02/15/2017		160,000		159,298
Allied World Assurance Holdings, Ltd.
7.50% due 08/01/2016		485,000		497,575
Equitable Life Assurance Society
7.70% due 12/01/2015 (g)		680,000		790,898
Everest Reinsurance Holdings, Inc.
6.50% due 05/15/2037 (b)		1,475,000		1,243,248
8.75% due 03/15/2010		596,000		655,998
Fidelity National Title Group, Inc.
7.30% due 08/15/2011		519,000		551,710

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

217

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
Jackson National Life Insurance Company
8.15% due 03/15/2027 (g)	$	1,298,000	$	1,463,143
Liberty Mutual Insurance Company
7.697% due 10/15/2097 (g)		2,000,000		1,877,312
MetLife, Inc.
5.70% due 06/15/2035		692,000		615,588
Metropolitan Life Global Mountain
4.25% due 07/30/2009 (g)		500,000		505,113
Nationwide Mutual Insurance Company
8.25% due 12/01/2031 (g)		865,000		908,520
Navigators Group, Inc.
7.00% due 05/01/2016		204,000		198,726
Ohio National Life Insurance Company
8.50% due 05/15/2026 (g)		995,000		1,197,389
Premium Asset Trust
4.125% due 03/12/2009 (g)		563,000		499,662
Principal Life Global Funding I
6.125% due 10/15/2033 (g)		697,000		692,088
Prudential Financial, Inc., MTN
5.15% due 01/15/2013		865,000		863,686
Reinsurance Group of America, Inc.
6.75% due 12/15/2011		865,000		859,478
Unitrin, Inc.
6.00% due 05/15/2017		705,000		704,095
UnumProvident Finance Company, PLC
6.85% due 11/15/2015 (g)		390,000		393,869
W.R. Berkley Corp.
5.125% due 09/30/2010		346,000		351,369
5.60% due 05/15/2015		377,000		358,748
Willis North America, Inc.
6.20% due 03/28/2017		730,000		728,501
				18,444,707
International Oil - 0.31%
Canadian Natural Resources, Ltd.
5.15% due 02/01/2013		350,000		357,042
6.45% due 06/30/2033		238,000		236,707
Canadian Oil Sands
7.90% due 09/01/2021 (g)		465,000		489,253
Newfield Exploration Company
6.625% due 04/15/2016		25,000		24,500
Pioneer Natural Resources Company
6.65% due 03/15/2017		260,000		246,088
6.875% due 05/01/2018		35,000		33,162
				1,386,752
Leisure Time - 0.14%
AMC Entertainment, Inc.
11.00% due 02/01/2016		40,000		37,450
Harrah's Operating Company, Inc.
5.625% due 06/01/2015		40,000		23,200
MGM Mirage, Inc.
6.00% due 10/01/2009		300,000		297,750
OED Corp./ Diamond Jo
8.75% due 04/15/2012		55,000		48,400
Park Place Entertainment Corp.
8.125% due 05/15/2011		96,000		80,640
Seneca Gaming Corp.
7.25% due 05/01/2012		45,000		42,412

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
Station Casinos, Inc.
6.00% due 04/01/2012	$	35,000	$	28,700
Wynn Las Vegas LLC
6.625% due 12/01/2014		61,000		58,713
				617,265
Liquor - 0.37%
Cia Brasileira de Bebidas
10.50% due 12/15/2011		230,000		274,850
Constellation Brands, Inc.
7.25% due 09/01/2016		35,000		34,037
7.25% due 05/15/2017		35,000		33,950
Miller Brewing Company
5.50% due 08/15/2013 (g)		1,145,000		1,216,928
Molson Coors Capital Financial
4.85% due 09/22/2010		113,000		115,167
				1,674,932
Manufacturing - 0.33%
General Electric Company
5.25% due 12/06/2017		1,125,000		1,123,447
SPX Corp.
7.625% due 12/15/2014 (g)		30,000		30,900
Tyco International Group SA
6.75% due 02/15/2011		300,000		316,125
				1,470,472
Medical-Hospitals - 0.31%
Community Health Systems, Inc.
8.875% due 07/15/2015		35,000		35,131
HCA, Inc.
6.375% due 01/15/2015		15,000		12,694
7.875% due 02/01/2011		130,000		127,725
9.625% due 11/15/2016		80,000		83,000
Quest Diagnostics, Inc.
5.45% due 11/01/2015		450,000		443,257
6.95% due 07/01/2037		635,000		628,636
Tenet Healthcare Corp.
9.875% due 07/01/2014		80,000		77,400
				1,407,843
Metal & Metal Products - 0.05%
Inco, Ltd.
5.70% due 10/15/2015		217,000		212,637
Mining - 0.18%
Corporacion Nacional Del Cobre de Chile -
CODELCO
6.375% due 11/30/2012 (g)		615,000		672,161
Freeport-McMoRan Copper & Gold, Inc.
8.25% due 04/01/2015		35,000		36,925
8.375% due 04/01/2017		85,000		90,206
				799,292
Newspapers - 0.18%
News America Holdings, Inc.
9.25% due 02/01/2013		701,000		813,468
Office Furnishings & Supplies - 0.01%
IKON Office Solutions, Inc.
7.75% due 09/15/2015		35,000		33,250

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

218

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Paper - 0.06%
Alto Parana SA
6.375% due 06/09/2017 (g)	$	150,000	$	151,890
Georgia-Pacific Corp.
7.00% due 01/15/2015 (g)		120,000		112,500
				264,390
Petroleum Services - 0.41%
EnCana Corp.
5.90% due 12/01/2017		450,000		461,278
Halliburton Company
5.50% due 10/15/2010		593,000		624,354
Hornbeck Offshore Services, Inc.
6.125% due 12/01/2014		10,000		9,450
Petroleum Export, Ltd.
5.265% due 06/15/2011 (g)		321,767		322,832
Pride International, Inc.
7.375% due 07/15/2014		35,000		36,400
Tesoro Corp.
6.50% due 06/01/2017		425,000		380,375
				1,834,689
Pharmaceuticals - 0.41%
AmerisourceBergen Corp.
5.875% due 09/15/2015		1,260,000		1,237,280
Elan Finance PLC/Elan Finance Corp.
7.75% due 11/15/2011		75,000		69,750
8.875% due 12/01/2013		75,000		70,500
Medco Health Solutions, Inc.
7.125% due 03/15/2018		415,000		425,225
Omnicare, Inc.
6.75% due 12/15/2013		20,000		17,850
6.875% due 12/15/2015		30,000		26,100
				1,846,705
Publishing - 0.07%
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		48,000		34,560
8.00% due 11/15/2013		55,000		40,150
Idearc, Inc.
8.00% due 11/15/2016		40,000		25,900
Scholastic Corp.
5.00% due 04/15/2013		230,000		196,061
				296,671
Railroads & Equipment - 0.00%
American Railcar Industries, Inc.
7.50% due 03/01/2014		25,000		22,000
Real Estate - 2.59%
AMB Property LP, REIT
5.45% due 12/01/2010		255,000		263,956
7.50% due 06/30/2018		364,000		398,784
AvalonBay Communities, Inc., REIT
5.50% due 01/15/2012		800,000		792,314
Brandywine Operating Partnership, REIT
5.70% due 05/01/2017		825,000		669,339
Developers Diversified Realty Corp., REIT
4.625% due 08/01/2010		110,000		105,594
5.00% due 05/03/2010		45,000		44,195

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
Duke Realty Corp. LP, REIT
5.25% due 01/15/2010	$	480,000	$	482,949
Equity One, Inc.
6.00% due 09/15/2017		700,000		618,234
Health Care Property Investors, Inc., REIT
5.65% due 12/15/2013		750,000		669,050
5.95% due 09/15/2011		450,000		436,286
7.072 due 06/08/2015		433,000		414,706
Healthcare Realty Trust, Inc., REIT
8.125% due 05/01/2011		1,298,000		1,388,399
Host Hotels & Resorts LP, REIT
6.875% due 11/01/2014		15,000		14,287
Kimco Realty Corp., REIT
5.584% due 11/23/2015		410,000		402,134
Liberty Property LP, REIT
6.625% due 10/01/2017		210,000		199,446
7.25% due 03/15/2011		725,000		762,656
Realty Income Corp., REIT
6.75% due 08/15/2019		1,515,000		1,436,670
Regency Centers LP, REIT
7.95% due 01/15/2011		606,000		631,995
Rouse Company LP, REIT
6.75% due 05/01/2013 (g)		40,000		34,471
United Dominion Realty Trust, Inc., REIT
6.05% due 06/01/2013		750,000		753,413
Ventas Realty LP/Ventas Capital Corp., REIT
6.625% due 10/15/2014		300,000		295,500
6.75% due 06/01/2010		13,000		13,016
7.125% due 06/01/2015		22,000		21,835
Westfield Group
5.40% due 10/01/2012 (g)		800,000		778,330
				11,627,559
Retail - 0.12%
CVS Caremark Corp.
6.125% due 08/15/2016		500,000		521,372
Retail Grocery - 0.16%
Kroger Company
6.75% due 04/15/2012		671,000		718,449
Retail Trade - 0.58%
CVS Caremark Corp.
6.943% due 01/10/2030 (g)		578,327		611,494
Federated Department Stores, Inc.
6.90% due 04/01/2029		519,000		439,207
Lazy Days RV Center, Inc.
11.75% due 05/15/2012		36,000		28,620
Macys Retail Holdings, Inc.
5.875% due 01/15/2013		1,600,000		1,538,968
				2,618,289
Sanitary Services - 0.01%
Allied Waste North America, Inc.
6.50% due 11/15/2010		25,000		25,000
Allied Waste North America, Inc., Series B
5.75% due 02/15/2011		35,000		34,212
				59,212

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

219

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Software - 0.21%
Fiserv, Inc.
6.125% due 11/20/2012	$	625,000	$	644,071
Intuit, Inc.
5.40% due 03/15/2012		315,000		320,702
				964,773
Steel - 0.02%
International Steel Group, Inc.
6.50% due 04/15/2014		30,000		30,887
United States Steel Corp.
6.05% due 06/01/2017		30,000		27,749
7.00% due 02/01/2018		30,000		29,304
				87,940
Telecommunications Equipment &
Services - 0.28%
Bellsouth Corp.
4.75% due 11/15/2012		973,000		975,830
Citizens Communications Company
9.25% due 05/15/2011		83,000		85,905
GCI, Inc.
7.25% due 02/15/2014		65,000		53,625
Intelsat Bermuda, Ltd.
9.25% due 06/15/2016		45,000		45,338
Intelsat Subsidiary Holding Company, Ltd.
8.25% due 01/15/2013		18,000		18,135
8.625% due 01/15/2015		63,000		63,472
PanAmSat Corp.
9.00% due 08/15/2014		12,000		12,090
				1,254,395
Telephone - 2.53%
Ameritech Capital Funding Corp.
6.45% due 01/15/2018		952,000		1,001,856
AT&T, Inc.
5.50% due 02/01/2018		475,000		465,092
6.30% due 01/15/2038		1,000,000		966,925
British Telecommunications PLC
5.15% due 01/15/2013		780,000		768,651
8.625% due 12/15/2010		519,000		570,778
Qwest Corp.
7.50% due 10/01/2014		80,000		78,000
Sprint Capital Corp.
7.625% due 01/30/2011		1,220,000		1,128,500
8.375% due 03/15/2012		750,000		693,750
Telecom Italia Capital SA
5.25% due 11/15/2013		650,000		607,353
6.00% due 09/30/2034		447,000		377,798
6.20% due 07/18/2011		1,270,000		1,259,903
Telefonica Emisones SAU
7.045% due 06/20/2036		575,000		601,190
Verizon Communications, Inc.
5.55% due 02/15/2016		1,120,000		1,114,284
6.40% due 02/15/2038		675,000		657,161
8.75% due 11/01/2021		865,000		1,004,259
Windstream Corp.
8.125% due 08/01/2013		10,000		9,825
8.625% due 08/01/2016		60,000		58,950
				11,364,275

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Tobacco - 0.09%
Alliance One International, Inc.
11.00% due 05/15/2012	$	48,000	$	48,720
Reynolds American, Inc.
7.25% due 06/01/2013		295,000		312,452
7.30% due 07/15/2015		44,000		45,675
				406,847
Transportation - 0.25%
DP World, Ltd.
6.85% due 07/02/2037 (g)		1,300,000		1,081,025
Overseas Shipholding Group, Inc.
8.25% due 03/15/2013		30,000		30,113
				1,111,138
Utility Service - 0.01%
Edison Mission Energy
7.00% due 05/15/2017		10,000		9,950
7.20% due 05/15/2019		25,000		24,688
				34,638
TOTAL CORPORATE BONDS (Cost $196,764,331)			$	194,703,008
MUNICIPAL BONDS - 1.20%
Arizona - 0.19%
Phoenix Arizona Civic Improvement Corp.
6.30% due 07/01/2008		875,000		882,053
California - 0.30%
Southern California Public Power Authority Project,
Series B
6.93% due 05/15/2017		1,125,000		1,340,066
Florida - 0.23%
Miami Beach Florida Redevelopment Agency Tax
Increment Revenue
8.95% due 12/01/2022		865,000		1,032,611
Indiana - 0.03%
Indiana Bond Bank Revenue
5.02% due 01/15/2016		120,000		121,445
Maryland - 0.06%
Maryland State Transportation Authority, Ltd.
5.84% due 07/01/2011		260,000		276,801
Michigan - 0.26%
Detroit Michigan Downtown Development Authority
6.20% due 07/01/2008		1,155,000		1,163,870
New Jersey - 0.03%
Jersey City, NJ, Municipal Utilities Authority
4.55% due 05/15/2012		130,000		131,928
New York - 0.10%
Sales Tax Asset Receivable Corp., Series B
4.25% due 10/15/2011		435,000		438,402
TOTAL MUNICIPAL BONDS (Cost $5,221,296)			$	5,387,176
COLLATERALIZED MORTGAGE
OBLIGATIONS - 11.28%
American Tower Trust, Series 2007-1A, Class AFX
5.4197% due 04/15/2037 (g)		800,000		779,844

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

220

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Banc of America Commercial Mortgage, Inc, Series
2006-2, Class A4
5.7399% due 05/10/2045 (b)	$	2,500,000	$	2,525,790
Banc of America Commercial Mortgage, Inc.,
Series 2002-PB2 Class A4
6.186% due 06/11/2035		2,594,203		2,641,931
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2003-T12, Class A4
4.68% due 08/13/2039		2,594,203		2,513,055
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR9, Class A4A
4.871% due 09/11/2042		1,405,000		1,367,694
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW12, Class AM
5.7499% due 09/11/2038 (b)		2,000,000		1,867,467
Chase Commercial Mortgage Securities Corp.,
Series 1998-1, Class A2
6.56% due 05/18/2008		167,008		166,584
Chase Commercial Mortgage Securities Corp.,
Series 1998-2, Class A2
6.39% due 11/18/2008		1,761,443		1,765,191
Commercial Mortgage Asset Trust, Series
1999-C1, Class A3
6.64% due 01/17/2032		2,434,608		2,460,197
Commercial Mortgage Pass Through Certificates,
Series 2006-C7, Class A4
5.7684% due 06/10/2046 (b)		2,000,000		2,023,873
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class A3
5.467% due 09/15/2039		2,500,000		2,458,354
Diversified REIT Trust, Series 2000-1A, Class B
6.971% due 03/08/2010 (g)		2,000,000		2,048,450
First Union - Chase Commercial Mortgage,
Series 1999-C2, Class A2
6.645% due 06/15/2031		2,066,753		2,083,813
General Electric Capital Assurance Company,
Series 2003-1, Class A5
5.7426% due 05/12/2035 (b)(g)		570,725		574,303
Government National Mortgage Association, Series
2006-38, Class XS
4.4325% IO due 09/16/2035 (b)		509,592		58,125
GS Mortgage Securities Corp. II, Series 2006-GG6,
Class A4
5.553% due 04/10/2038 (b)		2,500,000		2,492,777
GS Mortgage Securities Corp. II,
Series 2006-GG8, Class A4
5.56% due 11/10/2039 (b)		2,250,000		2,228,372
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2007-CB18, Class A4
5.44% due 06/12/2047		80,000		77,692
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP7, Class A4
5.875% due 04/15/2045 (b)		2,150,000		2,185,028
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2006-CB14, Class A4
5.481% due 12/12/2044 (b)		1,500,000		1,486,965
LB-UBS Commercial Mortgage Trust, Series
2005-C5, Class A4
4.954% due 09/15/2030		1,500,000		1,471,891

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
LB-UBS Commercial Mortgage Trust,
Series 2001-C7, Class A3
5.642% due 12/15/2025	$	1,151,311	$	1,157,843
LB-UBS Commercial Mortgage Trust,
Series 2002-C1,Class A4
6.462% due 03/15/2031		1,297,102		1,334,466
LB-UBS Commercial Mortgage Trust,
Series 2006-C4, Class A4
5.8831% due 06/15/2038 (b)		1,700,000		1,732,128
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class A4
5.6584% due 05/12/2039 (b)		2,000,000		2,013,337
Morgan Stanley Capital I, Inc., Series 1999-WF1,
Class A2
6.21% due 11/15/2031 (b)		1,508,527		1,508,372
Morgan Stanley Capital I, Series 2007-HQ11,
Class A4
5.447% due 02/12/2044 (b)		2,095,000		2,031,454
Morgan Stanley Dean Witter Capital I,
Series 2001, Class A4
6.39% due 06/15/2011		703,394		724,722
Morgan Stanley Dean Witter Capital I,
Series 2001-TOP5, Class A4
6.39% due 10/15/2035		1,729,469		1,785,015
Morgan Stanley Dean Witter
Capital I, Series 2002-TOP7, Class A2
5.98% due 01/15/2039		259,421		266,521
Nomura Asset Securities Corp.,
Series 1998-D6, Class A1B
6.59% due 03/15/2030		318,565		319,232
Prudential Commercial Mortgage Trust,
Series 2003-PWR1, Class A2
4.493% due 02/11/2036		2,594,203		2,499,798
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $51,596,418)			$	50,650,284
ASSET BACKED SECURITIES - 2.84%
Chase Issuance Trust, Series 2008-A4, Class A4
4.65% due 03/15/2015		845,000		844,970
AESOP Funding II LLC, Series 2003-4, Class A
2.86% due 08/20/2009 (g)		1,254,167		1,250,235
Capital One Multi-Asset Execution Trust,
Series 2003-A4, Class A4
3.65% due 07/15/2011		2,660,000		2,665,169
Carmax Auto Owner Trust, Series 2004-2, Class A4
3.46% due 09/15/2011		1,230,339		1,230,179
Dominos Pizza Master Issuer LLC,
Series 2007-1, Class A2
5.261% due 04/25/2037 (g)		900,000		782,716
Ford Credit Auto Owner Trust, Series 2005-C,
Class A4
4.36% due 06/15/2010		1,786,000		1,798,055
Harley-Davidson Motorcycle Trust,
Series 2005-1, Class A2
3.76% due 12/17/2012		1,896,955		1,900,107
Massachusetts RRB Special Purpose Trust,
Series 2001-1, Class A
6.53% due 06/01/2013		464,513		497,324

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

221

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Peco Energy Transition Trust,
Series 2001-A, Class A1
6.52% due 12/31/2010	$	217,000	$	231,830
WFS Financial Owner Trust,
Series 2005-2, Class A4
4.39% due 11/19/2012		1,528,952		1,535,805
TOTAL ASSET BACKED SECURITIES
(Cost $12,752,398)			$	12,736,390
REPURCHASE AGREEMENTS - 12.98%
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/31/2008 at
2.50% to be repurchased at
$58,204,042 on 04/01/2008,
collateralized by $62,115,424
Federal Home Loan Mortgage
Corp., 6.50% due 10/01/2037
(valued at $59,364,000, including
interest)	$	58,200,000	$	58,200,000
Repurchase Agreement with State Street
Corp. dated 03/31/2008 at 1.60% to be
repurchased at $100,004 on 04/01/2008,
collateralized by $95,000 Federal Home
Loan Mortgage Corp., 5.00% due
01/02/2015 (valued at $102,125, including
interest)		100,000		100,000
TOTAL REPURCHASE AGREEMENTS
(Cost $58,300,000)			$	58,300,000
Total Investments (Investment Quality Bond Trust)
(Cost $452,609,495) - 101.13%			$	454,091,372
Liabilities in Excess of Other Assets - (1.13)%				(5,061,855)
TOTAL NET ASSETS - 100.00%			$	449,029,517
Large Cap Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.94%
Advertising - 1.95%
Interpublic Group of Companies, Inc. *		756,100	$	6,358,801
Omnicom Group, Inc.		128,650		5,683,757
				12,042,558
Air Travel - 0.70%
Southwest Airlines Company		347,400		4,307,760
Apparel & Textiles - 0.58%
Coach, Inc. *		118,100		3,560,715
Auto Parts - 3.26%
BorgWarner, Inc.		215,362		9,267,027
Johnson Controls, Inc.		322,819		10,911,282
				20,178,309
Automobiles - 1.52%
PACCAR, Inc.		208,750		9,393,750
Banking - 4.34%
Bank of New York Mellon Corp.		263,476		10,994,853

Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
City National Corp.	46,100	$	2,280,106
Fifth Third Bancorp	362,905		7,591,973
SunTrust Banks, Inc.	109,200		6,021,288
			26,888,220
Biotechnology - 3.39%
Cephalon, Inc. *	40,797		2,627,327
Genzyme Corp. *	187,498		13,976,101
Millipore Corp. *	64,900		4,374,909
			20,978,337
Broadcasting - 1.01%
News Corp., Class A	333,800		6,258,750
Building Materials & Construction - 1.66%
Masco Corp.	517,322		10,258,495
Business Services - 0.13%
R.H. Donnelley Corp. *	155,210		785,363
Cable & Television - 3.35%
Comcast Corp., Class A	763,700		14,769,958
Viacom, Inc., Class B *	151,200		5,990,544
			20,760,502
Coal - 1.82%
Peabody Energy Corp.	221,200		11,281,200
Computer Services - 0.98%
NetApp, Inc. *	301,300		6,041,065
Computers & Business Equipment - 0.34%
Lexmark International, Inc. *	69,000		2,119,680
Crude Petroleum & Natural Gas - 2.12%
EOG Resources, Inc.	47,100		5,652,000
Marathon Oil Corp.	164,400		7,496,640
			13,148,640
Drugs & Health Care - 3.05%
Wyeth	452,682		18,904,000
Electrical Utilities - 4.19%
American Electric Power Company, Inc.	145,457		6,055,375
Exelon Corp.	209,987		17,065,643
Pepco Holdings, Inc.	113,719		2,811,134
			25,932,152
Energy - 1.19%
Sempra Energy	138,086		7,357,222
Financial Services - 10.41%
Citigroup, Inc.	828,266		17,741,458
Discover Financial Services	406,343		6,651,835
Federal Home Loan Mortgage Corp.	195,355		4,946,388
Morgan Stanley	346,987		15,857,306
Wells Fargo & Company	660,922		19,232,830
			64,429,817
Food & Beverages - 1.27%
Sysco Corp.	270,623		7,853,479
Gas & Pipeline Utilities - 0.48%
NiSource, Inc.	173,602		2,992,899

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

222

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products - 3.66%
Covidien, Ltd.	19,500	$	862,875
Johnson & Johnson	195,992		12,714,001
Medtronic, Inc.	187,166		9,053,220
			22,630,096
Healthcare Services - 2.20%
DaVita, Inc. *	57,300		2,736,648
Medco Health Solutions, Inc. *	168,300		7,369,857
UnitedHealth Group, Inc.	101,367		3,482,970
			13,589,475
Holdings Companies/Conglomerates - 3.70%
General Electric Company	617,900		22,868,479
Hotels & Restaurants - 0.58%
Starwood Hotels & Resorts Worldwide, Inc.	69,300		3,586,275
Household Products - 1.20%
Fortune Brands, Inc.	107,000		7,436,500
Industrial Machinery - 0.50%
Pall Corp.	88,800		3,114,216
Insurance - 4.72%
AFLAC, Inc.	171,300		11,125,935
Hartford Financial Services Group, Inc.	101,762		7,710,507
Principal Financial Group, Inc.	186,000		10,363,920
			29,200,362
International Oil - 0.81%
Chevron Corp.	58,900		5,027,704
Internet Software - 1.80%
Symantec Corp. *	672,115		11,170,551
Leisure Time - 2.17%
Carnival Corp. (a)	238,001		9,634,281
Royal Caribbean Cruises, Ltd. (a)	114,900		3,780,210
			13,414,491
Liquor - 0.71%
Constellation Brands, Inc., Class A *	247,100		4,366,257
Manufacturing - 2.55%
Harley-Davidson, Inc.	71,000		2,662,500
Illinois Tool Works, Inc.	272,452		13,140,360
			15,802,860
Petroleum Services - 4.40%
Baker Hughes, Inc.	137,500		9,418,750
ENSCO International, Inc.	43,700		2,736,494
Halliburton Company	383,000		15,063,390
			27,218,634
Pharmaceuticals - 4.02%
Allergan, Inc.	190,574		10,746,468
Merck & Company, Inc.	257,000		9,753,150
Schering-Plough Corp.	303,900		4,379,199
			24,878,817
Railroads & Equipment - 2.55%
Burlington Northern Santa Fe Corp.	171,050		15,774,231
Retail Trade - 0.24%
Chico's FAS, Inc. *	208,700		1,483,857

Large Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Semiconductors - 6.88%
Analog Devices, Inc.		351,700	$	10,382,184
Intel Corp.		975,300		20,656,854
Linear Technology Corp. (a)		160,200		4,916,538
Xilinx, Inc.		279,609		6,640,714
				42,596,290
Software - 3.26%
Intuit, Inc. *		171,100		4,621,411
Microsoft Corp.		548,000		15,552,240
				20,173,651
Telephone - 2.49%
AT&T, Inc.		179,326		6,868,186
Sprint Nextel Corp.		1,280,638		8,567,468
				15,435,654
Trucking & Freight - 2.76%
FedEx Corp.		122,817		11,381,451
Ryder Systems, Inc.		93,600		5,701,176
				17,082,627
TOTAL COMMON STOCKS (Cost $696,485,170)			$	612,323,940
SHORT TERM INVESTMENTS - 2.89%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	17,854,602	$	17,854,602
TOTAL SHORT TERM INVESTMENTS
(Cost $17,854,602)			$	17,854,602
REPURCHASE AGREEMENTS - 0.95%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$5,908,263 on 04/01/2008,
collateralized by $5,690,000
Federal Home Loan Bank, 5.435%
due 12/20/2022 (valued at
$6,031,400, including interest)	$	5,908,000	$	5,908,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,908,000)			$	5,908,000
Total Investments (Large Cap Trust)
(Cost $720,247,772) - 102.78%			$	636,086,542
Liabilities in Excess of Other Assets - (2.78)%				(17,208,992)
TOTAL NET ASSETS - 100.00%			$	618,877,550
Large Cap Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.88%
Aerospace - 5.69%
General Dynamics Corp.		99,000	$	8,253,630
Lockheed Martin Corp.		30,480		3,026,664
Northrop Grumman Corp.		101,000		7,858,810
Raytheon Company		77,000		4,974,970

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

223

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Aerospace (continued)
United Technologies Corp.	118,000	$	8,120,760
			32,234,834
Agriculture - 1.09%
The Mosaic Company *	60,000		6,156,000
Air Travel - 0.80%
Southwest Airlines Company	366,000		4,538,400
Banking - 1.71%
Bank of America Corp.	98,000		3,715,180
Hudson City Bancorp, Inc.	339,000		5,993,520
			9,708,700
Biotechnology - 1.27%
Biogen Idec, Inc. *	117,000		7,217,730
Business Services - 0.71%
Computer Sciences Corp. *	99,000		4,038,210
Cellular Communications - 0.36%
Telephone & Data Systems, Inc.	52,000		2,042,040
Chemicals - 2.29%
Dow Chemical Company	199,000		7,333,150
E.I. Du Pont de Nemours & Company	121,000		5,657,960
			12,991,110
Computers & Business Equipment - 4.73%
Hewlett-Packard Company	120,000		5,479,200
International Business Machines Corp.	74,000		8,520,360
Juniper Networks, Inc. *	245,000		6,125,000
Western Digital Corp. *	119,000		3,217,760
Xerox Corp.	229,000		3,428,130
			26,770,450
Cosmetics & Toiletries - 2.03%
Colgate-Palmolive Company	80,000		6,232,800
Procter & Gamble Company	75,000		5,255,250
			11,488,050
Crude Petroleum & Natural Gas - 5.16%
Marathon Oil Corp.	172,000		7,843,200
Noble Energy, Inc.	85,000		6,188,000
Occidental Petroleum Corp.	155,000		11,341,350
Sunoco, Inc.	73,000		3,830,310
			29,202,860
Domestic Oil - 0.67%
Frontier Oil Corp.	139,000		3,789,140
Electrical Equipment - 0.16%
Emerson Electric Company	18,000		926,280
Electronics - 1.67%
Agilent Technologies, Inc. *	75,000		2,237,250
Arrow Electronics, Inc. *	98,000		3,297,700
L-3 Communications Holdings, Inc.	36,000		3,936,240
			9,471,190
Energy - 0.96%
NRG Energy, Inc. *	140,000		5,458,600
Financial Services - 5.59%
Ameriprise Financial, Inc.	132,000		6,844,200

Large Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Capital One Financial Corp.	19,000	$	935,180
JP Morgan Chase & Company	425,000		18,253,750
Nasdaq Stock Market, Inc. *	145,000		5,605,700
			31,638,830
Food & Beverages - 0.54%
H.J. Heinz Company	65,000		3,053,050
Healthcare Products - 0.91%
Johnson & Johnson	79,000		5,124,730
Healthcare Services - 2.88%
Humana, Inc. *	59,000		2,646,740
McKesson Corp.	89,000		4,660,930
Medco Health Solutions, Inc. *	108,000		4,729,320
WellPoint, Inc. *	97,000		4,280,610
			16,317,600
Holdings Companies/Conglomerates - 4.54%
General Electric Company	505,000		18,690,050
Loews Corp.	174,000		6,998,280
			25,688,330
Hotels & Restaurants - 1.83%
McDonald's Corp.	186,000		10,373,220
Industrial Machinery - 3.12%
AGCO Corp. *	93,000		5,568,840
Deere & Company	109,000		8,767,960
Parker-Hannifin Corp.	48,000		3,324,960
			17,661,760
Insurance - 10.00%
ACE, Ltd.	132,000		7,267,920
Aetna, Inc.	111,000		4,671,990
Allstate Corp.	176,000		8,458,560
Chubb Corp.	155,000		7,669,400
Hanover Insurance Group, Inc.	20,000		822,800
Hartford Financial Services Group, Inc.	104,000		7,880,080
HCC Insurance Holdings, Inc.	47,000		1,066,430
MetLife, Inc.	142,000		8,556,920
The Travelers Companies, Inc.	175,000		8,373,750
XL Capital, Ltd., Class A	62,000		1,832,100
			56,599,950
International Oil - 13.89%
Chevron Corp.	262,000		22,364,320
ConocoPhillips	222,000		16,918,620
Exxon Mobil Corp.	465,000		39,329,700
			78,612,640
Internet Software - 1.56%
McAfee, Inc. *	62,000		2,051,580
Symantec Corp. *	407,000		6,764,340
			8,815,920
Leisure Time - 1.60%
Walt Disney Company	288,000		9,037,440
Manufacturing - 2.09%
Honeywell International, Inc.	107,000		6,036,940

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

224

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Manufacturing (continued)
SPX Corp.	55,000	$	5,769,500
			11,806,440
Paper - 1.02%
International Paper Company (a)	213,000		5,793,600
Petroleum Services - 1.91%
ENSCO International, Inc.	97,000		6,074,140
Valero Energy Corp.	96,000		4,714,560
			10,788,700
Pharmaceuticals - 6.67%
AmerisourceBergen Corp.	116,000		4,753,680
Eli Lilly & Company	161,000		8,305,990
Merck & Company, Inc.	151,000		5,730,450
Pfizer, Inc.	906,000		18,962,580
			37,752,700
Railroads & Equipment - 1.28%
CSX Corp.	129,000		7,233,030
Retail Grocery - 1.00%
The Kroger Company	223,000		5,664,200
Retail Trade - 1.14%
Dollar Tree, Inc. *	58,000		1,600,220
RadioShack Corp. (a)	297,000		4,826,250
			6,426,470
Sanitary Services - 1.30%
Republic Services, Inc.	41,000		1,198,840
Waste Management, Inc.	183,000		6,141,480
			7,340,320
Semiconductors - 2.15%
Intersil Corp., Class A	186,000		4,774,620
KLA-Tencor Corp.	100,000		3,710,000
Novellus Systems, Inc. *	135,000		2,841,750
QLogic Corp. *	56,000		859,600
			12,185,970
Software - 1.39%
BMC Software, Inc. *	57,665		1,875,266
Compuware Corp. *	279,000		2,047,860
Novell, Inc. *	263,000		1,654,270
Oracle Corp. *	115,739		2,263,855
			7,841,251
Telecommunications Equipment &
Services - 0.87%
ADC Telecommunications, Inc. *	410,000		4,952,800
Telephone - 2.81%
AT&T, Inc.	248,000		9,498,400
CenturyTel, Inc.	90,000		2,991,600
Qwest Communications International, Inc.	760,000		3,442,800
			15,932,800
Toys, Amusements & Sporting Goods - 0.49%
Hasbro, Inc.	99,000		2,762,100
TOTAL COMMON STOCKS (Cost $560,884,300)		$	565,437,445

Large Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 1.56%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	8,835,102	$	8,835,102
TOTAL SHORT TERM INVESTMENTS
(Cost $8,835,102)			$	8,835,102
REPURCHASE AGREEMENTS - 0.10%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$561,025 on 04/01/2008,
collateralized by $525,000 Federal
National Mortgage Association,
6.00% due 04/18/2036 (valued at
$575,663, including interest)	$	561,000 $		561,000
TOTAL REPURCHASE AGREEMENTS
(Cost $561,000)			$	561,000
Total Investments (Large Cap Value Trust)
(Cost $570,280,402) - 101.54%			$	574,833,547
Liabilities in Excess of Other Assets - (1.54)%				(8,724,896)
TOTAL NET ASSETS - 100.00%			$	566,108,651
Lifestyle Aggressive Trust
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
All Cap Core (Deutsche) (h)		716,727	$	12,786,408
All Cap Value (Lord Abbett) (h)		1,364,349		10,246,260
Blue Chip Growth (T. Rowe Price) (h)		2,099,453		39,889,604
Capital Appreciation (Jennison) (h)		3,444,655		30,898,560
Core Equity (Legg Mason) (h)		1,416,063		15,208,521
Emerging Growth (MFC Global U.S.) (c)(h)		966,433		7,470,531
Emerging Markets Value (DFA) (h)		765,101		10,229,395
Equity-Income (T. Rowe Price) (h)		681,422		10,289,471
Fundamental Value (Davis) (h)		1,230,526		18,568,635
International Core (GMO) (h)		3,180,338		41,567,022
International Equity Index B (SSgA) (h)		543,373		10,443,636
International Opportunities (Marsico) (h)		1,318,063		20,706,768
International Small Cap (Templeton) (h)		763,842		13,130,439
International Small Company (DFA) (h)		1,136,170		13,065,958
International Value (Templeton) (h)		2,367,603		36,176,976
Large Cap (UBS) (h)		789,763		10,259,018
Large Cap Value (BlackRock) (h)		254,657		5,082,963
Mid Cap Index (MFC Global U.S.A.) (c)(h)		648,072		10,271,942
Mid Cap Intersection (Wellington) (h)		1,749,188		18,034,133
Mid Cap Stock (Wellington) (h)		751,123		10,095,088
Mid Cap Value (Lord Abbett) (h)		917,651		10,204,281
Mid Cap Value Equity (RiverSource) (h)		410,426		5,093,389
Natural Resources (Wellington) (h)		562,976		15,555,013
Overseas Equity (Capital Guardian) (h)		810,814		10,362,209
Quantitative Value (MFC Global U.S.A.) (c)(h)		1,348,509		15,413,461
Small Cap (Independence) (h)		1,025,101		10,302,262
Small Cap Index (MFC Global U.S.A.) (c)(h)		403,351		5,158,863
Small Cap Intrinsic Value (MFC Global U.S.) (c)(h)		1,002,306		10,093,226
Small Company (American Century) (h)		756,747		7,650,708

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

225

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued (showing percentage of total net assets)

Lifestyle Aggressive Trust (continued)
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES (continued)
JOHN HANCOCK TRUST
Small Company Value (T. Rowe Price) (h)	771,755		$	13,690,926
U.S. Large Cap (Capital Guardian) (h)	715,270			10,199,751
U.S. Multi Sector (GMO) (h)	2,997,324			35,818,021
Value & Restructuring (UST) (h)	689,012			10,218,055
Vista (American Century) (h)	690,956			10,274,519
TOTAL INVESTMENT COMPANIES (Cost $570,660,086)			$	514,456,012
Total Investments (Lifestyle Aggressive Trust)
(Cost $570,660,086) - 100.00%			$	514,456,012
Liabilities in Excess of Other Assets - 0.00%				(10,688)
TOTAL NET ASSETS - 100.00%			$	514,445,324
Lifestyle Balanced Trust
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
500 Index (MFC Global U.S.A.) (c)(h)	18,133,737		$	204,548,549
Active Bond (MFC Global U.S./Declaration) (c)(h)	21,572,241			202,131,899
All Cap Core (Deutsche) (h)	11,390,148			203,200,249
Blue Chip Growth (T. Rowe Price) (h)	49,802,694			946,251,182
Capital Appreciation (Jennison) (h)	13,905,753			124,734,609
Core Bond (Wells Capital) (h)	15,987,248			203,997,282
Core Equity (Legg Mason) (h)	18,906,620			203,057,102
Emerging Markets Value (DFA) (h)	14,760,813			197,352,067
Equity-Income (T. Rowe Price) (h)	20,460,348			308,951,248
Floating Rate Income (WAMCO) (h)	8,377,213			102,872,177
Fundamental Value (Davis) (h)	13,561,576			204,644,181
Global Bond (PIMCO) (h)	18,212,438			300,687,357
Global Real Estate (Deutsche) (h)	27,923,597			306,321,863
High Income (MFC Global U.S.) (c)(h)	17,494,290			191,037,644
High Yield (WAMCO) (h)	100,241,678			911,196,857
International Core (GMO) (h)	31,014,439			405,358,717
International Opportunities (Marsico) (h)	12,563,236			197,368,435
International Small Cap (Templeton) (h)	8,747,892			150,376,257
International Value (Templeton) (h)	23,051,402			352,225,423
Large Cap (UBS) (h)	15,793,025			205,151,389
Large Cap Value (BlackRock) (h)	15,337,214			306,130,799
Mid Cap Index (MFC Global U.S.A.) (c)(h)	6,089,982			96,526,207
Mid Cap Stock (Wellington) (h)	7,128,826			95,811,424
Natural Resources (Wellington) (h)	7,143,212			197,366,935
Quantitative Value (MFC Global U.S.A.) (c)(h)	17,751,871			202,903,889
Real Estate Equity (T. Rowe Price) (h)	10,861,894			116,005,030
Real Return Bond (PIMCO) (h)	27,964,783			391,786,606
Small Company Growth (AIM) (h)	6,956,989			96,215,163
Small Company Value (T. Rowe Price) (h)	5,691,205			100,961,969
Spectrum Income (T. Rowe Price) (h)	39,566,587			528,213,934
Strategic Bond (WAMCO) (h)	18,984,207			201,422,434
Strategic Income (MFC Global U.S.) (c)(h)	14,493,107			201,599,116
Total Return (PIMCO) (h)	35,526,465			508,028,443
U.S. High Yield Bond (Wells Capital) (h)	16,798,292			203,931,259
U.S. Large Cap (Capital Guardian) (h)	14,324,324			204,264,858
U.S. Multi Sector (GMO) (h)	43,413,800			518,794,915

Lifestyle Balanced Trust (continued)
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES (continued)
JOHN HANCOCK TRUST
Value & Restructuring (UST) (h)	13,710,447	$	203,325,923
TOTAL INVESTMENT COMPANIES (Cost $10,599,180,403)		$10,094,753,391
Total Investments (Lifestyle Balanced Trust)
(Cost $10,599,180,403) - 100.00%		$10,094,753,391
Liabilities in Excess of Other Assets - 0.00%			(72,564)
TOTAL NET ASSETS - 100.00%		$10,094,680,827
Lifestyle Conservative Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
Active Bond (MFC Global U.S./Declaration) (c)(h)	13,415,726	$	125,705,354
Blue Chip Growth (T. Rowe Price) (h)	1,514,183		28,769,472
Core Bond (Wells Capital) (h)	1,949,710		24,878,303
Equity-Income (T. Rowe Price) (h)	1,846,681		27,884,883
Floating Rate Income (WAMCO) (h)	2,941,969		36,127,384
Fundamental Value (Davis) (h)	1,851,034		27,932,105
Global Bond (PIMCO) (h)	6,086,563		100,489,161
Global Real Estate (Deutsche) (h)	3,548,233		38,924,118
High Income (MFC Global U.S.) (c)(h)	1,991,227		21,744,196
High Yield (WAMCO) (h)	4,818,787		43,802,777
International Core (GMO) (h)	1,958,036		25,591,526
International Value (Templeton) (h)	2,521,975		38,535,777
Investment Quality Bond (Wellington) (h)	5,467,958		62,662,803
Real Estate Equity (T. Rowe Price) (h)	1,194,049		12,752,442
Real Return Bond (PIMCO) (h)	2,676,499		37,497,745
Spectrum Income (T. Rowe Price) (h)	8,473,666		113,123,442
Strategic Bond (WAMCO) (h)	4,714,410		50,019,888
Strategic Income (MFC Global U.S.) (c)(h)	3,597,197		50,037,015
Total Return (PIMCO) (h)	14,083,139		201,388,889
U.S. Government Securities (WAMCO) (h)	8,845,401		113,044,224
U.S. High Yield Bond (Wells Capital) (h)	1,791,120		21,744,197
U.S. Multi Sector (GMO) (h)	2,333,842		27,889,415
Value & Restructuring (UST) (h)	1,883,829		27,937,189
TOTAL INVESTMENT COMPANIES (Cost $1,278,969,776)		$	1,258,482,305
Total Investments (Lifestyle Conservative Trust)
(Cost $1,278,969,776) - 100.00%		$	1,258,482,305
Liabilities in Excess of Other Assets - 0.00%			(3,454)
TOTAL NET ASSETS - 100.00%		$	1,258,478,851
Lifestyle Growth Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
500 Index (MFC Global U.S.A.) (c)(h)	24,132,065	$	272,209,689
All Cap Core (Deutsche) (h)	33,498,430		597,611,986
All Cap Growth (AIM) (h)	7,489,945		127,778,462

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

226

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Lifestyle Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES (continued)
JOHN HANCOCK TRUST
Blue Chip Growth (T. Rowe Price) (h)	42,657,121	$	810,485,295
Capital Appreciation (Jennison) (h)	75,776,575		679,715,881
Core Equity (Legg Mason) (h)	24,158,354		259,460,721
Emerging Markets Value (DFA) (h)	19,335,489		258,515,487
Equity-Income (T. Rowe Price) (h)	26,513,197		400,349,267
Floating Rate Income (WAMCO) (h)	10,971,235		134,726,763
Fundamental Value (Davis) (h)	35,678,988		538,395,925
Global Bond (PIMCO) (h)	15,852,204		261,719,883
Global Real Estate (Deutsche) (h)	11,673,002		128,052,837
High Income (MFC Global U.S.) (c)(h)	11,559,083		126,225,184
High Yield (WAMCO) (h)	59,011,162		536,411,461
International Core (GMO) (h)	61,136,466		799,053,612
International Opportunities (Marsico) (h)	33,435,736		525,275,411
International Small Cap (Templeton) (h)	11,444,515		196,731,215
International Small Company (DFA) (h)	17,457,285		200,758,773
International Value (Templeton) (h)	34,242,396		523,223,814
Large Cap (UBS) (h)	10,053,599		130,596,245
Large Cap Value (BlackRock) (h)	6,446,323		128,668,610
Mid Cap Index (MFC Global U.S.A.) (c)(h)	6,490,339		102,871,876
Mid Cap Intersection (Wellington) (h)	22,591,244		232,915,727
Mid Cap Stock (Wellington) (h)	16,724,842		224,781,881
Mid Cap Value (Lord Abbett) (h)	9,440,107		104,973,985
Mid Cap Value Equity (RiverSource) (h)	8,754,103		108,638,418
Natural Resources (Wellington) (h)	9,447,656		261,038,723
Overseas Equity (Capital Guardian) (h)	20,304,393		259,490,138
Quantitative Value (MFC Global U.S.A.) (c)(h)	46,133,337		527,304,041
Real Estate Equity (T. Rowe Price) (h)	8,189,246		87,461,148
Real Return Bond (PIMCO) (h)	28,344,064		397,100,342
Small Cap (Independence) (h)	10,453,375		105,056,414
Small Cap Intrinsic Value (MFC Global U.S.) (c)(h)	10,675,508		107,502,361
Small Cap Opportunities (Munder) (h)	8,951,599		165,067,483
Small Company Growth (AIM) (h)	7,624,182		105,442,441
Small Company Value (T. Rowe Price) (h)	6,717,599		119,170,208
Spectrum Income (T. Rowe Price) (h)	21,438,033		286,197,739
Strategic Bond (WAMCO) (h)	12,314,471		130,656,543
Strategic Income (MFC Global U.S.) (c)(h)	9,425,505		131,108,781
Total Return (PIMCO) (h)	37,111,482		530,694,198
U.S. High Yield Bond (Wells Capital) (h)	11,165,037		135,543,553
U.S. Large Cap (Capital Guardian) (h)	18,233,761		260,013,434
U.S. Multi Sector (GMO) (h)	77,611,502		927,457,449
Value & Restructuring (UST) (h)	9,145,934		135,634,208
Vista (American Century) (h)	7,106,630		105,675,587
TOTAL INVESTMENT COMPANIES (Cost $14,173,096,577)		$13,187,763,199
Total Investments (Lifestyle Growth Trust)
(Cost $14,173,096,577) - 100.00%		$13,187,763,199
Liabilities in Excess of Other Assets - 0.00%			(94,288)
TOTAL NET ASSETS - 100.00%		$13,187,668,911

Lifestyle Moderate Trust
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
Active Bond (MFC Global U.S./Declaration) (c)(h)	21,107,806		$	197,780,144
Blue Chip Growth (T. Rowe Price) (h)	6,919,593			131,472,259
Core Bond (Wells Capital) (h)	3,821,001			48,755,977
Core Equity (Legg Mason) (h)	9,631,756			103,445,061
Equity-Income (T. Rowe Price) (h)	3,358,365			50,711,312
Floating Rate Income (WAMCO) (h)	5,926,052			72,771,916
Fundamental Value (Davis) (h)	6,883,421			103,870,828
Global Bond (PIMCO) (h)	8,941,632			147,626,349
Global Real Estate (Deutsche) (h)	4,553,257			49,949,224
High Income (MFC Global U.S.) (c)(h)	6,113,689			66,761,488
High Yield (WAMCO) (h)	13,016,155			118,316,846
International Core (GMO) (h)	9,460,975			123,654,941
International Equity Index B (SSgA) (h)	1,225,795			23,559,778
International Opportunities (Marsico) (h)	1,490,904			23,422,097
International Value (Templeton) (h)	4,804,504			73,412,825
Investment Quality Bond (Wellington) (h)	4,255,586			48,769,014
Mid Cap Index (MFC Global U.S.A.) (c)(h)	1,505,152			23,856,663
Overseas Equity (Capital Guardian) (h)	1,837,994			23,489,561
Real Estate Equity (T. Rowe Price) (h)	2,311,296			24,684,645
Real Return Bond (PIMCO) (h)	4,857,027			68,046,942
Small Company (American Century) (h)	2,329,748			23,553,748
Small Company Growth (AIM) (h)	1,743,938			24,118,662
Small Company Value (T. Rowe Price) (h)	1,362,258			24,166,454
Spectrum Income (T. Rowe Price) (h)	15,850,242			211,600,735
Strategic Bond (WAMCO) (h)	6,993,388			74,199,845
Strategic Income (MFC Global U.S.) (c)(h)	5,343,150			74,323,211
Total Return (PIMCO) (h)	19,041,155			272,288,519
U.S. High Yield Bond (Wells Capital) (h)	5,780,764			70,178,470
U.S. Multi Sector (GMO) (h)	8,681,415			103,742,912
Value & Restructuring (UST) (h)	3,410,478			50,577,387
TOTAL INVESTMENT COMPANIES (Cost $2,524,089,450)			$	2,453,107,813
Total Investments (Lifestyle Moderate Trust)
(Cost $2,524,089,450) - 100.00%			$	2,453,107,813
Liabilities in Excess of Other Assets - 0.00%				(14,782)
TOTAL NET ASSETS - 100.00%			$	2,453,093,031
Managed Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 58.03%
Aerospace - 0.52%
Boeing Company		900	$	66,933
General Dynamics Corp.	6,400			533,568
Goodrich Corp.	14,500			833,895
Northrop Grumman Corp.	1,900			147,839
Raytheon Company	1,100			71,071
Rockwell Collins, Inc.	4,900			280,035
United Technologies Corp.	66,600			4,583,412
				6,516,753
Agriculture - 0.71%
Archer-Daniels-Midland Company	7,400			304,584

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

227

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Agriculture (continued)
Monsanto Company	76,900	$	8,574,350
			8,878,934
Aluminum - 0.10%
Alcoa, Inc.	33,500		1,208,010
Apparel & Textiles - 0.38%
Coach, Inc. *	59,600		1,796,940
Liz Claiborne, Inc.	13,500		245,025
Mohawk Industries, Inc. * (a)	2,000		143,220
NIKE, Inc., Class B	20,300		1,380,400
Polo Ralph Lauren Corp., Class A	4,100		238,989
VF Corp.	12,900		999,879
			4,804,453
Auto Parts - 0.28%
Autoliv, Inc.	4,000		200,800
AutoZone, Inc. *	8,700		990,321
BorgWarner, Inc.	5,400		232,362
Johnson Controls, Inc.	64,100		2,166,580
			3,590,063
Auto Services - 0.03%
AutoNation, Inc. *	29,800		446,106
Automobiles - 0.28%
Ford Motor Company * (a)	187,200		1,070,784
General Motors Corp. (a)	23,300		443,865
PACCAR, Inc.	46,075		2,073,375
			3,588,024
Banking - 0.73%
Bank of America Corp.	167,884		6,364,482
BB&T Corp.	21,200		679,672
Comerica, Inc.	11,000		385,880
National City Corp.	62,700		623,865
U.S. Bancorp	32,100		1,038,756
UnionBanCal Corp.	1,600		78,528
			9,171,183
Biotechnology - 0.32%
Amgen, Inc. *	43,800		1,829,964
Biogen Idec, Inc. *	31,000		1,912,390
Invitrogen Corp. *	2,700		230,769
			3,973,123
Broadcasting - 0.08%
Discovery Holding Company *	28,700		609,014
Liberty Global, Inc., Class A *	10,800		368,064
			977,078
Building Materials & Construction - 0.02%
Masco Corp.	12,100		239,943
Business Services - 0.64%
Affiliated Computer Services, Inc., Class A *	24,500		1,227,695
Cadence Design Systems, Inc. *	4,700		50,196
DST Systems, Inc. *	1,100		72,314
Fiserv, Inc. *	49,000		2,356,410
Fluor Corp.	14,400		2,032,704
Jacobs Engineering Group, Inc. *	19,700		1,449,723
Manpower, Inc.	3,400		191,284

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Moody's Corp. (a)	2,200	$	76,626
NCR Corp. *	12,300		280,809
R.R. Donnelley & Sons Company	3,100		93,961
Total Systems Services, Inc.	11,700		276,822
			8,108,544
Chemicals - 0.31%
Air Products & Chemicals, Inc.	10,300		947,600
Celanese Corp., Series A	17,300		675,565
Dow Chemical Company	5,900		217,415
FMC Corp.	1,400		77,686
Lubrizol Corp.	4,400		244,244
Praxair, Inc.	20,600		1,735,138
			3,897,648
Computers & Business Equipment - 3.86%
Apple, Inc. *	92,000		13,202,000
Cisco Systems, Inc. *	551,900		13,295,271
Cognizant Technology Solutions Corp.,
Class A *	2,500		72,075
Dell, Inc. *	360,700		7,185,144
EMC Corp. *	312,700		4,484,118
Hewlett-Packard Company	18,600		849,276
International Business Machines Corp.	71,100		8,186,454
Juniper Networks, Inc. *	21,700		542,500
Lexmark International, Inc. *	4,300		132,096
Western Digital Corp. *	20,100		543,504
			48,492,438
Construction & Mining Equipment - 0.01%
Rowan Companies, Inc.	2,000		82,360
Construction Materials - 0.06%
Martin Marietta Materials, Inc. (a)	3,700		392,829
Trane, Inc.	7,300		335,070
Vulcan Materials Company	1,000		66,400
			794,299
Containers & Glass - 0.12%
Ball Corp.	2,300		105,662
Owens-Illinois, Inc. *	24,200		1,365,606
			1,471,268
Cosmetics & Toiletries - 1.31%
Avon Products, Inc.	18,800		743,352
Colgate-Palmolive Company	31,200		2,430,792
Estee Lauder Companies, Inc., Class A	12,300		563,955
Kimberly-Clark Corp.	41,100		2,653,005
Procter & Gamble Company	144,400		10,118,108
			16,509,212
Crude Petroleum & Natural Gas - 1.16%
Apache Corp.	32,600		3,938,732
Devon Energy Corp.	16,000		1,669,280
Forest Oil Corp. *	1,600		78,336
Hess Corp.	14,900		1,313,882
Marathon Oil Corp.	1,400		63,840
Occidental Petroleum Corp.	96,700		7,075,539
Sunoco, Inc.	9,800		514,206
			14,653,815

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

228

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Domestic Oil - 0.02%
Denbury Resources, Inc. *	10,900	$	311,195
Drugs & Health Care - 0.22%
Wyeth	65,700		2,743,632
Educational Services - 0.39%
Apollo Group, Inc., Class A *	89,100		3,849,120
ITT Educational Services, Inc. * (a)	23,100		1,060,983
			4,910,103
Electrical Equipment - 0.04%
Emerson Electric Company	7,300		375,658
FLIR Systems, Inc. *	4,800		144,432
			520,090
Electrical Utilities - 0.26%
Constellation Energy Group, Inc.	4,200		370,734
Edison International	8,800		431,376
Mirant Corp. *	8,000		291,120
PPL Corp.	6,300		289,296
Public Service Enterprise Group, Inc.	27,300		1,097,187
Reliant Energy, Inc. *	33,200		785,180
			3,264,893
Electronics - 0.25%
Arrow Electronics, Inc. *	5,400		181,710
Avnet, Inc. *	14,200		464,766
L-3 Communications Holdings, Inc.	21,900		2,394,546
Trimble Navigation, Ltd. *	2,700		77,193
			3,118,215
Energy - 0.18%
Duke Energy Corp.	49,100		876,435
McDermott International, Inc. *	14,100		772,962
NRG Energy, Inc. *	15,200		592,648
			2,242,045
Financial Services - 0.88%
Blackrock, Inc.	800		163,344
Charles Schwab Corp.	8,900		167,587
Citigroup, Inc.	406,300		8,702,946
Eaton Vance Corp.	7,600		231,876
Franklin Resources, Inc.	3,800		368,562
Goldman Sachs Group, Inc.	800		132,312
Janus Capital Group, Inc.	3,100		72,137
Leucadia National Corp.	20,600		931,532
SEI Investments Company	7,900		195,051
State Street Corp.	1,000		79,000
T. Rowe Price Group, Inc.	1,300		65,000
			11,109,347
Food & Beverages - 3.83%
Coca-Cola Enterprises, Inc.	14,000		338,800
Kellogg Company	5,600		294,336
Kraft Foods, Inc., Class A	50,336		1,560,919
Pepsi Bottling Group, Inc.	2,100		71,211
PepsiAmericas, Inc.	2,400		61,272
PepsiCo, Inc.	241,300		17,421,860
The Coca-Cola Company	449,200		27,342,804
Tyson Foods, Inc., Class A	30,400		484,880

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages (continued)
William Wrigley, Jr. Company	9,800	$	615,832
			48,191,914
Forest Products - 0.04%
Weyerhaeuser Company	7,100		461,784
Gas & Pipeline Utilities - 0.41%
Equitable Resources, Inc.	1,500		88,350
Transocean, Inc. *	37,114		5,017,813
			5,106,163
Gold - 0.12%
Barrick Gold Corp.	35,600		1,546,820
Healthcare Products - 3.90%
Baxter International, Inc.	1,300		75,166
DENTSPLY International, Inc.	3,700		142,820
Intuitive Surgical, Inc. *	5,700		1,848,795
Johnson & Johnson	424,800		27,556,776
Kinetic Concepts, Inc. *	1,500		69,345
Medtronic, Inc.	82,600		3,995,362
Patterson Companies, Inc. *	32,400		1,176,120
St. Jude Medical, Inc. *	11,000		475,090
Stryker Corp.	70,000		4,553,500
Zimmer Holdings, Inc. *	117,800		9,171,908
			49,064,882
Healthcare Services - 3.23%
Cardinal Health, Inc.	31,700		1,664,567
Covance, Inc. *	2,700		224,019
Coventry Health Care, Inc. *	56,700		2,287,845
Express Scripts, Inc. *	117,200		7,538,304
Humana, Inc. *	1,100		49,346
McKesson Corp.	52,000		2,723,240
Medco Health Solutions, Inc. *	73,300		3,209,807
Quest Diagnostics, Inc.	12,800		579,456
UnitedHealth Group, Inc.	491,800		16,898,248
WellPoint, Inc. *	124,000		5,472,120
			40,646,952
Holdings Companies/Conglomerates - 0.10%
Textron, Inc.	21,800		1,208,156
Homebuilders - 0.02%
Toll Brothers, Inc. *	10,500		246,540
Hotels & Restaurants - 0.20%
McDonald's Corp.	38,400		2,141,568
Starbucks Corp. *	3,800		66,500
Wynn Resorts, Ltd. *	2,000		201,280
Yum! Brands, Inc.	3,200		119,072
			2,528,420
Household Products - 0.14%
Clorox Company	1,200		67,968
Energizer Holdings, Inc. *	19,400		1,755,312
			1,823,280
Industrial Machinery - 0.99%
Cameron International Corp. *	24,000		999,360
Caterpillar, Inc.	34,600		2,708,834
Deere & Company	55,300		4,448,332

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

229

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial Machinery (continued)
Flowserve Corp.	3,300	$	344,454
FMC Technologies, Inc. *	11,600		659,924
Ingersoll-Rand Company, Ltd., Class A	19,200		855,936
ITT Corp.	10,900		564,729
Pall Corp.	9,700		340,179
Parker-Hannifin Corp.	20,600		1,426,962
W.W. Grainger, Inc.	900		68,751
			12,417,461
Industrials - 0.03%
Fastenal Company (a)	5,700		261,801
Harsco Corp.	1,200		66,456
			328,257
Insurance - 1.86%
ACE, Ltd.	17,500		963,550
Aetna, Inc.	21,500		904,935
AFLAC, Inc.	36,100		2,344,695
Allstate Corp.	95,200		4,575,312
American International Group, Inc.	114,300		4,943,475
Aon Corp.	20,900		840,180
Brown & Brown, Inc.	16,900		293,722
Chubb Corp.	25,700		1,271,636
CIGNA Corp.	15,200		616,664
CNA Financial Corp.	6,000		154,740
First American Corp.	6,100		207,034
Hartford Financial Services Group, Inc.	9,400		712,238
Markel Corp. *	100		43,997
Old Republic International Corp.	5,250		67,777
Progressive Corp.	43,800		703,866
Prudential Financial, Inc.	5,800		453,850
SAFECO Corp.	3,700		162,356
The Travelers Companies, Inc.	58,900		2,818,365
Torchmark Corp.	10,100		607,111
UnumProvident Corp.	30,700		675,707
W.R. Berkley Corp.	2,700		74,763
			23,435,973
International Oil - 7.15%
Anadarko Petroleum Corp.	31,100		1,960,233
Chevron Corp.	369,300		31,523,448
ConocoPhillips	129,552		9,873,158
Exxon Mobil Corp.	514,900		43,550,242
Murphy Oil Corp.	13,400		1,100,676
Noble Corp.	12,600		625,842
Weatherford International, Ltd. *	18,000		1,304,460
			89,938,059
Internet Content - 0.61%
Google, Inc., Class A *	17,500		7,708,225
Internet Retail - 0.94%
Amazon.com, Inc. *	59,800		4,263,740
eBay, Inc. *	231,200		6,899,008
Expedia, Inc. *	28,900		632,621
			11,795,369
Internet Software - 0.06%
McAfee, Inc. *	6,600		218,394

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Software (continued)
VeriSign, Inc. *	16,000	$	531,840
			750,234
Leisure Time - 0.07%
MGM MIRAGE * (a)	15,179		892,070
Life Sciences - 0.01%
Waters Corp. *	2,700		150,390
Liquor - 0.17%
Anheuser-Busch Companies, Inc.	45,100		2,139,995
Manufacturing - 1.54%
3M Company	127,900		10,123,285
Danaher Corp.	47,000		3,573,410
Eaton Corp.	3,900		310,713
Harley-Davidson, Inc.	28,100		1,053,750
Honeywell International, Inc.	56,100		3,165,162
Illinois Tool Works, Inc.	5,600		270,088
SPX Corp.	2,600		272,740
Tyco International, Ltd.	13,600		599,080
			19,368,228
Metal & Metal Products - 0.15%
Crown Holdings, Inc. *	3,100		77,996
Precision Castparts Corp.	15,400		1,572,032
Reliance Steel & Aluminum Company	3,000		179,580
			1,829,608
Mining - 0.15%
Agnico Eagle Mines, Ltd.	11,100		751,581
Freeport-McMoRan Copper & Gold, Inc.,
Class B	11,300		1,087,286
			1,838,867
Multimedia - 0.02%
Liberty Media Corp. - Entertainment, Series A *	10,000		226,400
Office Furnishings & Supplies - 0.07%
Office Depot, Inc. *	75,700		836,485
Paper - 0.01%
Temple-Inland, Inc.	6,900		87,768
Petroleum Services - 1.43%
Baker Hughes, Inc.	3,300		226,050
Diamond Offshore Drilling, Inc.	11,200		1,303,680
Halliburton Company	22,300		877,059
Schlumberger, Ltd.	123,000		10,701,000
Smith International, Inc.	23,000		1,477,290
Valero Energy Corp.	70,200		3,447,522
			18,032,601
Pharmaceuticals - 4.82%
Abbott Laboratories	89,300		4,924,895
AmerisourceBergen Corp.	33,500		1,372,830
Bristol-Myers Squibb Company	16,300		347,190
Eli Lilly & Company	88,200		4,550,238
Forest Laboratories, Inc. *	55,600		2,224,556
Gilead Sciences, Inc. *	30,500		1,571,665
King Pharmaceuticals, Inc. *	9,300		80,910
Merck & Company, Inc.	436,500		16,565,175
Pfizer, Inc.	1,347,900		28,211,547

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

230

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Schering-Plough Corp.	51,700	$	744,997
			60,594,003
Publishing - 0.11%
Gannett Company, Inc.	42,900		1,246,245
McGraw-Hill Companies, Inc.	3,800		140,410
			1,386,655
Railroads & Equipment - 0.07%
CSX Corp.	4,300		241,101
Union Pacific Corp.	5,400		677,052
			918,153
Retail Grocery - 0.20%
Safeway, Inc.	30,200		886,370
SUPERVALU, Inc.	16,308		488,914
The Kroger Company	43,200		1,097,280
			2,472,564
Retail Trade - 5.52%
Abercrombie & Fitch Company, Class A	15,500		1,133,670
Advance Auto Parts, Inc.	2,200		74,910
American Eagle Outfitters, Inc.	51,400		900,014
Bed Bath & Beyond, Inc. *	44,200		1,303,900
Best Buy Company, Inc.	4,600		190,716
Costco Wholesale Corp.	11,800		766,646
CVS Caremark Corp.	12,500		506,375
Family Dollar Stores, Inc.	15,000		292,500
GameStop Corp., Class A *	11,800		610,178
Home Depot, Inc.	523,500		14,642,295
Kohl's Corp. *	44,600		1,912,894
Lowe's Companies, Inc.	262,400		6,019,456
Staples, Inc.	59,900		1,324,389
Target Corp.	59,200		3,000,256
Tiffany & Company (a)	12,300		514,632
Walgreen Company	117,200		4,464,148
Wal-Mart Stores, Inc.	602,900		31,760,772
			69,417,751
Sanitary Services - 0.01%
Stericycle, Inc. *	2,800		144,200
Semiconductors - 0.40%
Analog Devices, Inc.	7,400		218,448
Cypress Semiconductor Corp. *	3,300		77,913
Intel Corp.	190,700		4,039,026
Intersil Corp., Class A	3,100		79,577
KLA-Tencor Corp.	3,600		133,560
National Semiconductor Corp.	3,700		67,784
Texas Instruments, Inc.	11,000		310,970
Xilinx, Inc.	3,300		78,375
			5,005,653
Software - 2.88%
Autodesk, Inc. *	5,500		173,140
CA, Inc.	16,400		369,000
Citrix Systems, Inc. *	8,200		240,506
Intuit, Inc. *	9,600		259,296
Microsoft Corp.	959,800		27,239,124

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software (continued)
Oracle Corp. *	405,900	$	7,939,404
			36,220,470
Telecommunications Equipment &
Services - 1.99%
Corning, Inc.	45,100		1,084,204
QUALCOMM, Inc.	321,100		13,165,100
Verizon Communications, Inc.	296,900		10,822,005
			25,071,309
Telephone - 0.32%
AT&T, Inc.	106,642		4,084,389
Tires & Rubber - 0.03%
Goodyear Tire & Rubber Company *	12,900		332,820
Tobacco - 1.07%
Altria Group, Inc.	173,400		3,849,480
Philip Morris International, Inc. *	173,400		8,770,573
UST, Inc.	14,600		795,992
			13,416,045
Toys, Amusements & Sporting Goods - 0.03%
Hasbro, Inc.	13,200		368,280
Trucking & Freight - 0.17%
FedEx Corp.	4,000		370,680
Oshkosh Truck Corp.	1,700		61,676
United Parcel Service, Inc., Class B	22,900		1,672,158
			2,104,514
TOTAL COMMON STOCKS (Cost $791,013,264)		$	729,760,481
PREFERRED STOCKS - 0.09%
Banking - 0.09%
Bank of America Corp., 8.00% (b)	1,135,000		1,136,362
TOTAL PREFERRED STOCKS (Cost $1,137,837)		$	1,136,362
U.S. TREASURY OBLIGATIONS - 3.19%
U.S. Treasury Bonds - 0.82%
5.00% due 05/15/2037	9,202,000		10,294,020
U.S. Treasury Notes - 2.37%
2.00% due 02/28/2010	263,000		264,829
2.75% due 02/28/2013	12,240,000		12,408,300
3.50% due 02/15/2018	15,202,000		15,289,883
4.625% due 07/31/2009	1,145,000		1,191,337
4.875% due 06/30/2009	665,000		692,015
			29,846,364
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $39,428,492)		$	40,140,384
U.S. GOVERNMENT AGENCY OBLIGATIONS - 14.01%
Federal Home Loan Bank - 0.04%
4.50% due 11/15/2012	500,000		527,529
Federal Home Loan Mortgage Corp. - 0.72%
4.643% due 07/01/2035	1,125,849		1,136,324
5.00% due 07/15/2014	270,000		291,328
5.00% TBA **	4,040,000		3,999,600
6.00% due 08/01/2017	116,128		119,769

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

231

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
6.50% due 03/01/2017	$	71,717	$	75,047
6.50% TBA **		3,350,000		3,474,580
				9,096,648
Federal National Mortgage
Association - 13.15%
3.777% due 07/01/2033 (b)		60,493		61,567
4.375% due 03/15/2013		4,250,000		4,461,425
4.50% due 10/01/2018		2,708,216		2,706,775
4.50% TBA **		14,430,000		14,348,831
5.00% due 12/01/2034 to 07/01/2035		13,115,789		13,008,264
5.00% TBA **		25,530,000		25,572,277
5.50% due 07/01/2017 to 12/01/2034		19,996,710		20,283,509
5.50% TBA **		19,640,000		19,937,187
6.00% due 07/01/2016 to 03/01/2036		23,000,453		23,650,665
6.00% TBA **		20,322,000		20,853,462
6.25% due 05/15/2029		875,000		1,031,549
6.50% due 02/01/2036		413,170		428,297
6.50% TBA **		12,587,000		13,061,201
7.00% due 12/01/2012 to 10/25/2041		2,199,181		2,304,894
7.00% TBA **		3,405,000		3,573,122
7.50% due 11/01/2030 to 07/01/2031		83,195		89,741
				165,372,766
Government National Mortgage
Association - 0.10%
5.00% due 01/15/2035 to 04/15/2035		767,251		768,297
5.50% due 03/15/2035		400,616		409,342
				1,177,639
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $173,318,156)			$	176,174,582
FOREIGN GOVERNMENT OBLIGATIONS - 0.03%
Mexico - 0.01%
Government of Mexico
9.875% due 02/01/2010		95,000		105,925
Peru - 0.02%
Republic of Peru
7.35% due 07/21/2025		250,000		281,250
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $355,355)			$	387,175
CORPORATE BONDS - 14.47%
Aerospace - 0.05%
BAE Systems 2001 Asset Trust PLC
6.664% due 09/15/2013 (g)		381,954		393,664
7.156% due 12/15/2011 (g)		178,314		192,058
				585,722
Automobiles - 0.09%
DaimlerChrysler N.A. Holding Corp.
5.875% due 03/15/2011		1,080,000		1,104,025
Banking - 1.37%
BAC Capital Trust XIII
3.268% due 03/15/2043 (b)		945,000		643,327

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
BAC Capital Trust XV
3.876% due 06/01/2056 (b)	$	1,600,000	$	1,187,811
Banco Santander Chile
3.34% due 12/09/2009 (b)(g)		2,270,000		2,190,550
Chuo Mitsui Trust & Banking Company
5.506% due 12/29/2049 (b)(g)		150,000		125,314
Comerica Capital Trust II
6.576% due 02/20/2037 (b)		2,000,000		1,332,030
DBS Bank, Ltd.
7.125% due 05/15/2011 (g)		100,000		109,139
HBOS PLC
5.375% due 12/29/2049 (b)(g)		190,000		163,058
HSBC Bank USA, Inc.
4.625% due 04/01/2014		750,000		723,530
HSBC Holdings PLC
6.50% due 09/15/2037		1,115,000		1,057,735
ICICI Bank, Ltd.
4.917% due 01/12/2010 (b)(g)		520,000		497,588
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)		80,000		78,010
Landsbanki Islands HF
7.431% due 12/31/2049 (b)(g)		1,235,000		1,033,902
RBS Capital Trust IV
3.455% due 09/29/2049 (b)		320,000		196,116
Shinhan Bank
6.819% due 09/20/2036 (b)		1,090,000		901,735
Standard Chartered PLC
6.409% due 01/30/2017 (b)(g)		1,665,000		1,367,906
SunTrust Capital VIII
6.10% due 12/01/2066 (b)		1,325,000		1,049,135
SunTrust Preferred Capital I
5.853% due 12/31/2049 (b)		1,680,000		1,245,098
USB Capital IX
6.189% due 03/29/2049 (b)		1,870,000		1,388,475
Wachovia Bank NA, BKNT
6.60% due 01/15/2038		1,360,000		1,260,070
Wachovia Capital Trust III
5.80% due 08/29/2049 (b)		1,000,000		712,500
				17,263,029
Broadcasting - 0.06%
Clear Channel Communications, Inc.
7.65% due 09/15/2010		125,000		132,025
News America Holdings, Inc.
6.75% due 01/09/2038		30,000		31,402
News America, Inc.
6.65% due 11/15/2037 (g)		612,000		617,195
				780,622
Cable & Television - 0.31%
Cox Communications, Inc., Class A
4.625% due 06/01/2013		757,000		727,090
Time Warner Entertainment Company LP
8.375% due 07/15/2033		600,000		675,110
Time Warner, Inc.
5.875% due 11/15/2016		1,000,000		950,954
7.625% due 04/15/2031		130,000		135,968
Viacom, Inc.
6.25% due 04/30/2016		975,000		949,094

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

232

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable & Television (continued)
Viacom, Inc. (continued)
6.875% due 04/30/2036	$	530,000	$	510,367
				3,948,583
Cellular Communications - 0.10%
American Tower Corp.
7.50% due 05/01/2012		170,000		173,825
AT&T Wireless Services, Inc.
8.75% due 03/01/2031		767,000		930,827
Rogers Wireless, Inc.
9.625% due 05/01/2011		140,000		155,101
				1,259,753
Chemicals - 0.02%
ICI Wilmington, Inc.
4.375% due 12/01/2008		235,000		236,217
Crude Petroleum & Natural Gas - 0.01%
Premcor Refining Group, Inc.
7.50% due 06/15/2015		170,000		178,013
Diversified Financial Services - 0.05%
Tate & Lyle International Finance PLC
5.00% due 11/15/2014 (g)		690,000		640,964
Domestic Oil - 0.09%
Devon Financing Corp., ULC
6.875% due 09/30/2011		150,000		163,722
Marathon Oil Corp.
5.90% due 03/15/2018		965,000		970,017
				1,133,739
Electrical Utilities - 1.46%
AES Gener SA
7.50% due 03/25/2014		1,500,000		1,593,838
American Electric Power Company, Inc.
5.25% due 06/01/2015		930,000		920,105
Appalachian Power Company
7.00% due 04/01/2038		1,310,000		1,283,792
Arizona Public Service Company
5.50% due 09/01/2035		860,000		679,027
CenterPoint Energy Houston Electric LLC, Series K2
6.95% due 03/15/2033		666,000		704,176
CenterPoint Energy Resources Corp.
7.875% due 04/01/2013		690,000		766,500
Commonwealth Edison Company
5.80% due 03/15/2018		600,000		596,846
Constellation Energy Group
7.60% due 04/01/2032		840,000		850,874
Consumers Energy Company
5.80% due 09/15/2035		1,000,000		883,888
Dominion Resources, Inc.
4.75% due 12/15/2010		835,000		854,569
5.70% due 09/17/2012		200,000		209,439
Enersis SA
7.375% due 01/15/2014		883,000		974,065
FirstEnergy Corp.
6.45% due 11/15/2011		702,000		734,824
7.375% due 11/15/2031		530,000		576,535
Nevada Power Company
6.65% due 04/01/2036		1,500,000		1,412,698

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Pacific Gas & Electric Company
4.20% due 03/01/2011	$	250,000	$	251,026
6.05% due 03/01/2034		1,850,000		1,813,616
PSEG Power LLC
5.00% due 04/01/2014		150,000		145,990
8.625% due 04/15/2031		50,000		61,331
Scottish Power PLC
4.91% due 03/15/2010		190,000		191,871
Taqa Abu Dhabi National Energy Company
5.62% due 10/25/2012 (g)		500,000		515,609
TXU Corp., Series R
6.55% due 11/15/2034		835,000		589,492
TXU Electric Delivery Company
6.375% due 01/15/2015		1,695,000		1,694,330
United Energy Distribution Property, Ltd.
4.70% due 04/15/2011 (g)		90,000		93,297
				18,397,738
Electronics - 0.02%
Jabil Circuit, Inc.
5.875% due 07/15/2010		210,000		207,406
Energy - 0.63%
Duke Capital LLC
6.75% due 02/15/2032		929,000		883,713
Enbridge Energy Partners L.P., Series B
4.75% due 06/01/2013		1,140,000		1,128,735
Enterprise Products Operating LP
4.95% due 06/01/2010		850,000		867,221
Enterprise Products Operating LP, Series B
6.875% due 03/01/2033		834,000		828,522
GS Caltex Corp.
5.50% due 08/25/2014 (g)		778,000		673,942
Nexen, Inc.
5.875% due 03/10/2035		993,000		903,650
TEPPCO Partners, L.P.
6.125% due 02/01/2013		872,000		882,969
Texas Gas Transmission Corp.
4.60% due 06/01/2015		1,860,000		1,759,002
				7,927,754
Financial Services - 3.31%
Allied Capital Corp.
6.625% due 07/15/2011		625,000		655,858
American Express Bank FSB, BKNT
6.00% due 09/13/2017		1,245,000		1,213,722
Ameriprise Financial, Inc.
5.65% due 11/15/2015		1,245,000		1,215,800
AXA Financial, Inc.
7.75% due 08/01/2010		712,000		778,632
Bear Stearns Companies, Inc.
5.30% due 10/30/2015		530,000		497,533
5.70% due 11/15/2014		195,000		187,611
7.25% due 02/01/2018		530,000		547,697
Boeing Capital Corp.
6.50% due 02/15/2012		1,198,000		1,300,135
Caterpillar Financial Services Corp., MTN
5.45% due 04/15/2018		1,135,000		1,154,649
CIT Group, Inc.
3.4019% due 11/03/2010 (b)		1,800,000		1,400,017

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

233

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
CIT Group, Inc. (continued)
6.00% due 04/01/2036	$	1,590,000	$	1,190,522
6.10% due 03/15/2067 (b)		900,000		400,959
Citigroup, Inc.
5.625% due 08/27/2012		1,260,000		1,247,525
6.875% due 03/05/2038		550,000		549,611
CNOOC Finance 2003, Ltd.
5.50% due 05/21/2033 (g)		896,000		743,197
Dresdner Bank-New York
7.25% due 09/15/2015		930,000		1,003,646
ERP Operating LP
4.75% due 06/15/2009		190,000		189,732
Fund American Companies, Inc.
5.875% due 05/15/2013		1,113,000		1,160,193
General Electric Capital Corp., Series A
5.875% due 02/15/2012		1,966,000		2,084,900
Goldman Sachs Capital II
5.793% due 12/29/2049 (b)		1,350,000		899,235
Goldman Sachs Group, Inc.
6.15% due 04/01/2018		640,000		639,050
HSBC Finance Corp.
5.50% due 01/19/2016		895,000		865,799
International Lease Finance Corp.
3.50% due 04/01/2009		270,000		265,947
4.55% due 10/15/2009		100,000		99,830
4.75% due 07/01/2009		555,000		553,219
5.875% due 05/01/2013		1,317,000		1,306,351
John Deere Capital Corp., Series D
4.125% due 01/15/2010		625,000		635,211
JP Morgan Chase & Company
6.75% due 02/01/2011		1,000,000		1,061,806
JP Morgan Chase Capital XX, Series T
6.55% due 09/29/2036		1,670,000		1,461,015
JP Morgan Chase Capital XXIII
4.065% due 05/15/2047 (b)		1,605,000		1,217,702
Lehman Brothers Holdings, Inc., MTN
5.25% due 02/06/2012		1,280,000		1,235,118
MBNA Capital, Series B
4.0394% due 02/01/2027 (b)		325,000		271,122
Mizuho JGB Investment LLC
9.87% due 12/31/2049 (b)(g)		240,000		240,997
Morgan Stanley
6.75% due 04/15/2011		1,920,000		2,012,565
Morgan Stanley, MTN
5.95% due 12/28/2017		1,390,000		1,343,375
6.625% due 04/01/2018		545,000		545,192
NiSource Finance Corp.
6.15% due 03/01/2013		912,000		942,664
7.875% due 11/15/2010		1,530,000		1,663,190
Osiris Capital PLC, Series C
7.108% due 01/15/2010 (b)(g)		1,960,000		1,947,594
Osiris Capital PLC, Series D
9.258% due 01/15/2010 (b)(g)		765,000		771,415
Popular North America, Inc.
4.70% due 06/30/2009		1,500,000		1,503,144
Reliastar Financial Corp.
6.50% due 11/15/2008		160,000		162,949
SB Treasury Company LLC
9.40% due 12/29/2049 (b)(g)		100,000		101,305

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Schwab Capital Trust I
7.50% due 11/15/2037 (b)	$	675,000	$	627,399
Skandinaviska Enskilda Banken AB
5.471% due 03/29/2049 (b)(g)		1,100,000		992,637
SLM Corp.
4.50% due 07/26/2010		760,000		623,595
Westfield Capital Corp., Ltd.
4.375% due 11/15/2010 (g)		140,000		137,241
				41,648,606
Food & Beverages - 0.28%
General Mills, Inc.
5.70% due 02/15/2017		475,000		478,908
Kellogg Company, Series B
6.60% due 04/01/2011		200,000		215,530
Nabisco, Inc.
7.55% due 06/15/2015		500,000		543,436
Smithfield Foods, Inc.
7.00% due 08/01/2011		1,483,000		1,460,755
Tesco PLC
6.15% due 11/15/2037 (g)		845,000		818,879
				3,517,508
Gas & Pipeline Utilities - 0.41%
Duke Energy Field Services LLC
6.45% due 11/03/2036 (g)		1,020,000		958,991
Kinder Morgan Energy Partners LP
5.80% due 03/15/2035		660,000		558,252
7.30% due 08/15/2033		986,000		1,006,577
Michigan Consolidated Gas Company
5.70% due 03/15/2033		986,000		911,686
Southern Union Company
7.20% due 11/01/2066 (b)		970,000		814,800
TransCanada PipeLines, Ltd.
5.85% due 03/15/2036		932,000		884,994
				5,135,300
Healthcare Services - 0.48%
Aetna, Inc.
6.75% due 12/15/2037		1,205,000		1,148,412
Coventry Health Care, Inc.
5.875% due 01/15/2012		1,483,000		1,507,760
UnitedHealth Group, Inc.
4.875% due 02/15/2013		325,000		321,032
5.375% due 03/15/2016		650,000		616,248
5.80% due 03/15/2036		305,000		251,384
6.00% due 02/15/2018		325,000		318,343
6.625% due 11/15/2037		612,000		566,279
6.875% due 02/15/2038		160,000		152,873
WellPoint, Inc.
5.00% due 12/15/2014		686,000		645,305
6.375% due 06/15/2037		612,000		548,640
				6,076,276
Holdings Companies/Conglomerates - 0.23%
General Electric Company
5.00% due 02/01/2013		1,665,000		1,724,646
SPI Electricity & Gas Australia Holdings Party, Ltd.
6.15% due 11/15/2013 (g)		1,166,000		1,215,360
				2,940,006

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

234

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Homebuilders - 0.13%
Centex Corp.
4.55% due 11/01/2010	$	1,800,000	$	1,584,000
Pulte Homes, Inc.
6.25% due 02/15/2013		100,000		91,000
				1,675,000
Hotels & Restaurants - 0.09%
Marriott International, Inc.
4.625% due 06/15/2012		565,000		543,495
Yum! Brands, Inc.
6.25% due 03/15/2018		605,000		608,087
				1,151,582
Insurance - 2.15%
ACE INA Holdings, Inc.
6.70% due 05/15/2036		765,000		741,434
Allied World Assurance Holdings, Ltd.
7.50% due 08/01/2016		600,000		615,557
American International Group, Inc., MTN
5.85% due 01/16/2018		555,000		544,644
AON Capital Trust A
8.205% due 01/01/2027		1,420,000		1,363,731
Assurant, Inc.
6.75% due 02/15/2034		1,965,000		1,870,489
Endurance Specialty Holdings, Ltd.
7.00% due 07/15/2034		870,000		832,425
Financial Security Assurance Holdings, Ltd.
6.40% due 12/15/2066 (b)(g)		1,745,000		1,290,188
Foundation Re II, Ltd.
9.82% due 11/26/2010 (b)(g)		350,000		355,681
Hartford Financial Services Group, Inc.
4.625% due 07/15/2013		696,000		685,422
6.30% due 03/15/2018		555,000		556,053
Liberty Mutual Group, Inc.
6.50% due 03/15/2035 (g)		1,140,000		1,041,812
7.50% due 08/15/2036 (g)		1,090,000		1,032,568
Lincoln National Corp.
6.05% due 04/20/2067 (b)		505,000		441,534
6.30% due 10/09/2037		925,000		836,148
7.00% due 05/17/2066 (b)		505,000		463,074
Markel Corp.
6.80% due 02/15/2013		945,000		987,820
Merna Reinsurance, Ltd., Series B
4.421% due 12/31/2010 (b)(g)		1,000,000		912,300
MetLife, Inc.
5.70% due 06/15/2035		1,175,000		1,045,254
6.40% due 12/15/2036 (b)		630,000		500,623
Mystic Re, Ltd.
11.3812% due 12/05/2008 (b)(g)		530,000		525,548
North Front Pass-Through Trust
5.81% due 12/15/2024 (b)(g)		250,000		246,844
Oil Casualty Insurance, Ltd.
8.00% due 09/15/2034 (g)		2,873,000		2,549,940
PartnerRe Finance
6.44% due 12/01/2066 (b)		1,600,000		1,362,957
Prudential Financial, Inc.
4.75% due 04/01/2014		125,000		123,904
StanCorp Financial Group, Inc.
6.90% due 05/29/2067 (b)		1,575,000		1,400,057

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
Travelers Property Casualty, Inc.
6.375% due 03/15/2033	$	1,130,000	$	1,095,024
W.R. Berkley Corp.
6.15% due 08/15/2019		1,166,000		1,154,654
White Mountains Re Group, Ltd.
7.506% due 05/29/2049 (b)(g)		1,205,000		927,708
XL Capital, Ltd.
5.25% due 09/15/2014		860,000		783,325
XL Capital, Ltd., Series E
6.50% due 12/31/2049 (b)		1,000,000		749,544
				27,036,262
International Oil - 0.21%
Pemex Project Funding Master Trust
4.168% due 06/15/2010 (b)(g)		200,000		198,900
7.375% due 12/15/2014		500,000		561,409
Talisman Energy, Inc.
6.25% due 02/01/2038		2,015,000		1,856,448
				2,616,757
Leisure Time - 0.11%
MGM Mirage, Inc.
6.00% due 10/01/2009		1,213,000		1,203,902
Mohegan Tribal Gaming Authority
6.375% due 07/15/2009		135,000		135,000
				1,338,902
Liquor - 0.11%
Anheuser-Busch Companies, Inc.
6.50% due 02/01/2043		1,232,000		1,321,435
Metal & Metal Products - 0.05%
Alcan, Inc.
5.00% due 06/01/2015		590,000		579,616
Mining - 0.06%
Corporacion Nacional del Cobre
5.50% due 10/15/2013 (g)		702,000		736,807
Petroleum Services - 0.16%
Valero Logistics Operations LP
6.05% due 03/15/2013		1,875,000		1,941,231
Pharmaceuticals - 0.14%
Hospira, Inc.
5.90% due 06/15/2014		110,000		111,700
Schering Plough Corp.
5.55% due 12/01/2013		630,000		650,677
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016		475,000		478,255
6.15% due 02/01/2036		475,000		463,038
				1,703,670
Railroads & Equipment - 0.09%
Union Pacific Corp.
5.70% due 08/15/2018		1,135,000		1,142,536
Real Estate - 1.37%
Boston Properties, Ltd., REIT
6.25% due 01/15/2013		1,763,000		1,817,092
Camden Property Trust, REIT
5.00% due 06/15/2015		360,000		321,935

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

235

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
Colonial Properties Trust, REIT
6.25% due 06/15/2014	$	1,380,000	$	1,241,236
Developers Diversified Realty Corp., REIT
4.625% due 08/01/2010		125,000		119,993
ERP Operating LP
5.75% due 06/15/2017		2,426,000		2,209,220
Health Care Property Investors, Inc., REIT
6.30% due 09/15/2016		1,690,000		1,446,332
6.45% due 06/25/2012		648,000		632,079
Health Care, Inc., REIT
6.00% due 11/15/2013		523,000		502,096
6.20% due 06/01/2016		985,000		857,284
Hospitality Properties Trust, REIT
6.75% due 02/15/2013		2,100,000		2,064,665
Kimco Realty Corp., REITS
5.70% due 05/01/2017		1,000,000		945,342
ProLogis, REIT
5.625% due 11/15/2016		552,000		501,952
Rouse Company LP, REIT
6.75% due 05/01/2013 (g)		1,065,000		917,787
Rouse Company, REIT
5.375% due 11/26/2013		1,135,000		888,484
Simon Property Group LP, REIT
5.75% due 12/01/2015		1,000,000		951,267
5.875% due 03/01/2017		885,000		838,808
6.10% due 05/01/2016		1,000,000		965,381
				17,220,953
Retail - 0.07%
CVS Caremark Corp.
6.302% due 06/01/2037 (b)		1,000,000		917,024
Telecommunications Equipment &
Services - 0.38%
Deutsche Telekom International Finance BV
8.00% due 06/15/2010		721,000		771,255
8.25% due 06/15/2030		510,000		611,788
France Telecom SA
7.75% due 03/01/2011		470,000		509,641
8.50% due 03/01/2031		1,280,000		1,585,787
SBC Communications, Inc.
5.10% due 09/15/2014		40,000		39,739
5.625% due 06/15/2016		550,000		551,560
Singapore Telecommunications, Ltd.
6.375% due 12/01/2011 (g)		75,000		81,069
Verizon Communications, Inc.
7.375% due 09/01/2012		618,000		678,802
				4,829,641
Telephone - 0.37%
AT&T, Inc.
6.30% due 01/15/2038		735,000		710,690
6.80% due 05/15/2036		985,000		1,012,117
British Telecommunications PLC
5.95% due 01/15/2018		605,000		586,212
Sprint Capital Corp.
8.375% due 03/15/2012		1,138,000		1,052,650
Telecom Italia Capital SA
4.00% due 01/15/2010		150,000		147,147

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	$	1,191,580
				4,700,396
Transportation - 0.01%
Overseas Shipholding Group, Inc.
8.25% due 03/15/2013		100,000		100,375
TOTAL CORPORATE BONDS (Cost $194,192,092)			$	181,993,448
MUNICIPAL BONDS - 0.13%
District of Columbia - 0.13%
George Washington University D C
5.095% due 09/15/2032		1,650,000		1,652,888
TOTAL MUNICIPAL BONDS (Cost $1,650,000)			$	1,652,888
COLLATERALIZED MORTGAGE
OBLIGATIONS - 4.48%
Banc of America Commercial Mortgage, Inc.,
Series 2005-2, Class AJ
4.953% due 07/10/2042 (b)		1,085,000		942,759
Banc of America Large Loan,
Series 2005-MIB1, Class B
3.078% due 03/15/2022 (b)(g)		2,740,000		2,563,718
Bank of America Commercial Mortgage, Inc.,
Series 2005-5, Class XC
0.07% IO due 10/10/2045 (g)		388,135,571		1,616,585
Bank of America Commercial Mortgage, Inc.,
Series 2001-3, Class A1
4.89% due 04/11/2037		58,600		58,417
Bear Stearns Asset Backed Securities, Inc.,
Series 2003-AC4, Class A
5.00% due 09/25/2033		860,718		758,518
Bear Stearns Asset Backed Securities, Inc.,
Series 2004-AC5, Class A1
5.25% due 10/25/2034		737,896		673,558
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR6, Class X1
0.23% IO due 11/11/2041 (g)		58,487,768		853,641
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-PWR8, Class AJ
4.75% due 06/11/2041		1,000,000		855,765
Bear Stearns Mortgage Funding Trust,
Series 2006-AR4, Class A1
2.809% due 12/25/2036 (b)		2,256,686		1,716,015
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class C
7.928% due 07/15/2032		1,000,000		1,052,065
Commercial Mortgage Pass Through Certificates,
Series 2003-LB1A, Class A2
4.084% due 06/10/2038		375,000		346,041
Commercial Mortgage Pass Through Certificates,
Series 2005-C6, Class B
5.211% due 06/10/2044 (b)		1,800,000		1,422,784
Commercial Mortgage Pass Through Certificates,
Series 2005-FL11, Class AJ
3.018% due 11/15/2017 (b)(g)		1,835,000		1,699,531
Countrywide Alternative Loan Trust,
Series 2004-J7, Class 1A2
4.673% due 08/25/2034 (b)		159,555		156,714

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

236

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Countrywide Home Loans, Series 2003-57, Class A1
5.50% due 01/25/2034	$	298,411	$	297,976
Countrywide Home Loans,
Series 2005-12, Class 2A5
5.50% due 05/25/2035		104,185		101,533
Credit Suisse Mortgage Capital Certificates,
Series 2006-TFLA, Class B
3.048% due 04/15/2008 (b)(g)		2,265,000		2,134,878
CS First Boston Mortgage Securities Corp.,
Series 2000-C1, Class A2
7.545% due 04/15/2062		1,516,525		1,563,200
CS First Boston Mortgage Securities Corp.,
Series 2001-CF2, Class A3
6.238% due 02/15/2034		1,122		1,119
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		246,925		248,361
CS First Boston Mortgage Securities Corp.,
Series 2001-CP4, Class A4
6.18% due 12/15/2035		275,000		279,615
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		125,000		129,305
CS First Boston Mortgage Securities Corp.,
Series 2003-CPN1, Class A1
3.727% due 03/25/2035		1,612,438		1,540,823
CS First Boston Mortgage Securities Corp.,
Series 2004-C4, Class A4
4.283% due 10/15/2039		150,000		144,159
CS First Boston Mortgage Securities Corp.,
Series 2005-5, Class 4A1
6.25% due 07/25/2035		179,444		175,743
CS First Boston Mortgage Securities Corp.,
Series 2005-C1, Class AX
0.17% IO due 02/15/2038 (b)(g)		95,743,448		955,366
CS First Boston Mortgage Securities Corp.,
Series 2005-C2, Class B
5.016% due 04/15/2037 (b)		1,210,000		950,414
Federal National Mortgage Association,
Series 2002-W3, Class A5
7.50% due 01/25/2028		33,848		36,822
First Horizon Alternative Mortgage Securities,
Series 2004-AA2, Class 2A1
5.0276% due 08/25/2034 (b)		2,359,470		2,230,127
First Union National Bank Commercial Mortgage
Trust, Series 2001-C2, Class A1
6.204% due 01/12/2043		18,765		18,747
First Union National Bank Commercial Mortgage
Trust, Series 2002-C1, Class A1
5.585% due 02/12/2034		175,671		176,436
First Union-Lehman Brothers-Bank of America,
Series 1998-C2, Class E
6.778% due 05/18/2013		1,333,000		1,382,072
GE Capital Commercial Mortgage Corp.,
Series 2001-3, Class A2
6.07% due 06/10/2038		2,375,000		2,410,288
GE Capital Commercial Mortgage Corp.,
Series 2002-2A, Class A3
5.349% due 08/11/2036		150,000		150,860

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
GE Capital Commercial Mortgage Corp.,
Series 2005-C2, Class C
5.133% due 05/10/2043 (b)	$	925,000	$	728,767
G-Force LLC, Series 2005-RR2, Class A4B
5.422% due 12/27/2039 (g)		1,835,000		1,415,565
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class XC
0.18% IO due 08/10/2042 (b)(g)		80,729,820		1,138,387
Greenwich Capital Commercial Funding Corp.,
Series 2002-C1, Class A2
4.112% due 01/11/2017		217,605		211,368
GS Mortgage Securities Corp. II, Series 2004-GG2,
Class XC
0.18% IO due 08/01/2038 (b)(g)		152,940,076		1,377,684
GS Mortgage Securities Corp. II, Series 2005-GG4,
Class XC
0.22% IO due 07/10/2039 (b)(g)		43,811,889		716,373
Hilton Hotels Pool Trust, Series 2000-HLTA, Class B
3.619% due 10/03/2015 (b)(g)		95,000		95,132
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2002-C1, Class A3
5.376% due 07/12/2037		370,000		372,446
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2004-CBX, Class A2
3.89% due 01/12/2037		242,702		239,937
LB-UBS Commercial Mortgage Trust,
Series 2000-C4, Class A2
7.37% due 08/15/2026		3,131,845		3,250,198
LB-UBS Commercial Mortgage Trust,
Series 2005-C3, Class G
5.111% due 06/17/2015 (b)(g)		735,000		513,618
LB-UBS Commercial Mortgage Trust,
Series 2005-C5, Class A2
4.885% due 09/15/2040		2,500,000		2,482,489
Merrill Lynch Mortgage Trust, Series 2005-CIP1,
Class XC
0.08% IO due 08/12/2020 (g)		213,994,538		1,138,579
Merrill Lynch Mortgage Trust, Series 2005-MCP1,
Class XC
0.13% IO due 05/25/2043 (b)(g)		66,602,365		741,298
Merrill Lynch Mortgage Trust, Series 2006-C2,
Class X
0.56% IO due 08/12/2026		33,116,891		743,024
Morgan Stanley Capital I, Series 1999-FNV1,
Class A2
6.53% due 03/15/2031		907,344		911,416
Multi Security Asset Trust, Series 2005-RR4A,
Class F
5.88% due 11/28/2035 (b)(g)		941,365		408,750
Residential Asset Mortgage Products, Inc.,
Series 2004-SL2, Class A1
6.50% due 10/25/2016		718,934		738,279
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		120,000		122,823
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A3
6.428% due 12/18/2035		898,662		918,199
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036 (g)		1,000,000		911,250

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

237

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
SBA CMBS Trust, Series 2005-1A, Class C
5.731% due 11/15/2035 (g)	$	1,118,000	$	1,070,223
Sequoia Mortgage Trust, Series 2005-3, Class A1
2.736% due 04/15/2032 (b)		493,158		485,436
Structured Asset Securities Corp.,
Series 1998-RF2, Class A
8.5027% due 07/15/2027 (b)(g)		25,812		25,762
Timberstar Trust, Series 2006-1A, Class A
5.668% due 10/15/2036 (g)		1,980,000		1,896,236
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C17, Class XC
0.10% IO due 03/15/2042 (b)(g)		77,092,724		571,766
WAMU Commercial Mortgage Securities Trust,
Series 2007-SL3, Class A
5.9409% due 03/23/2045 (g)		953,509		909,111
WAMU Commercial Mortgage Securities Trust,
Series 2006-SL1, Class A
5.3029% due 11/23/2043 (g)		2,303,688		2,183,828
Washington Mutual Mortgage Pass-Through,
Series 2005-1, Class 6A1
6.50% due 03/25/2035		100,981		92,849
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR10, Class 2A6
4.11% due 06/25/2035 (b)		275,000		260,979
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $62,823,705)			$	56,315,727
ASSET BACKED SECURITIES - 3.77%
Alesco Preferred Funding, Ltd., Series 12A, Class B
4.858% due 07/15/2037 (b)(g)		690,000		566,007
Alesco Preferred Funding, Ltd., Series 14A, Class B
3.249% due 09/23/2037 (b)(g)		690,000		521,847
Alesco Preferred Funding, Ltd.,
Series 15A, Class B1
3.279% due 12/23/2037 (b)(g)		330,000		271,425
Ansonia CDO, Ltd.
5.812% due 07/28/2046 (g)		2,470,000		741,000
Arbor Realty Mortgage Securities, Series
2006-1A, Class C
3.844% due 12/26/2041 (b)(g)		770,000		519,145
Arbor Realty Mortgage Securities, Series
2006-1A, Class F
4.294% due 01/26/2042 (b)(g)		1,280,000		725,159
Argent Securities, Inc., Series 2004-W1, Class M3
4.049% due 03/25/2034 (b)		732,668		460,384
Capital Trust Re CDO, Ltd., Series 2005-1A,
Class C
3.286% due 03/20/2050 (b)(g)		1,120,000		779,520
Capital Trust Re CDO, Ltd., Series 2005-1A, Class E
4.636% due 03/20/2050 (b)(g)		746,000		335,700
Capital Trust Re CDO, Ltd., Series 2005-3A,
Class A1
5.094% due 06/25/2035 (g)		1,991,005		1,970,697
Centex Home Equity, Series 2004-D, Class AF4
4.68% due 06/25/2032		160,000		155,732
Centex Home Equity, Series 2005-A, Class M4
3.399% due 01/25/2035 (b)		1,416,000		1,055,772
Countryplace Manufactured Housing Contract
Trust, Series 2005-1, Class A3
4.80% due 12/15/2035 (b)(g)		275,000		266,563

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Credit-Based Asset Servicing and Securitization,
Series 2005-CB8, Class AF2
5.303% due 12/25/2035	$	2,087,600	$	2,086,380
Credit-Based Asset Servicing and Securitization,
Series 2006-CB2, Class AF2
5.501% due 12/25/2036 (b)		3,000,000		2,897,080
Credit-Based Asset Servicing and Securitization,
Series 2006-MH1, Class B1
6.25% due 09/25/2036 (g)		1,080,000		1,053,942
CW Capital Cobalt I, Series 2005-1A, Class A1
3.373% due 05/25/2045 (b)(g)		2,093,984		1,799,919
Dillon Read CMBS CDO, Ltd.,Series 2006-1A,
Class A3
3.714% due 12/05/2046 (g)		1,370,000		548,000
Equity One ABS, Inc., Series 2004-1, Class M2
5.115% due 04/25/2034		474,816		350,967
Equity One ABS, Inc., Series 2004-1, Class M3
5.26% due 04/25/2034		774,648		502,214
Equity One ABS, Inc., Series 2004-2, Class AV2
2.849% due 07/25/2034 (b)		75,813		64,879
Green Tree Financial Corp., Series 1996-8, Class A6
7.60% due 10/15/2027		828,225		876,950
GSAA Home Equity Trust, Series 2006-10,
Class AF3
5.985% due 06/25/2036 (b)		3,000,000		2,799,649
Highland Park CDO, Ltd., Series 2006-1A, Class A2
3.493% due 11/25/2051 (b)(g)		1,100,000		833,140
JER CDO, Series 2006-2A, Class AFL
2.929% due 03/25/2045 (b)(g)		1,600,000		848,000
Long Beach Mortgage Loan Trust,
Series 2004-1, Class M3
3.2987% due 02/25/2034 (b)		1,200,000		875,284
New Century Home Equity Loan Trust,
Series 2004-A, Class AII5
5.25% due 07/25/2034 (b)		230,000		204,805
Newcastle CDO, Ltd., Series 2005-7A, Class 2FL
3.0988% due 12/24/2050 (g)		1,740,000		1,179,024
N-Star Real Estate CDO, Ltd.,
Series 2006-7A, Class B
2.9787% due 06/22/2051 (b)(g)		2,100,000		1,292,340
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class E
3.8694% due 02/01/2041 (b)(g)		1,040,000		701,867
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class G
4.0694% due 02/01/2041 (b)(g)		1,040,000		643,782
Option One Mortgage Loan Trust, Series 2005-1,
Class M1
3.1187% due 02/25/2035 (b)		866,000		737,985
Option One Mortgage Loan Trust, Series 2004-1,
Class M1
3.1988% due 01/25/2034 (b)		887,837		738,785
Ownit Mortgage Loan, Series 2006-1, Class AF2
5.29% due 12/25/2036		3,035,000		2,907,645
Ownit Mortgage Loan, Series 2006-2, Class A2B
5.6329% due 02/25/2037		2,500,000		2,412,676
Popular ABS Mortgage Pass-Through Trust,
Series 2005-4, Class AF3
4.9814% due 09/25/2035 (b)		2,810,312		2,738,283

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

238

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Popular ABS Mortgage Pass-Through Trust,
Series 2005-6, Class A2
5.35% due 01/25/2036 (b)	$	2,200,000	$	2,195,223
Prima Capital Ltd., Series 2006-CR1A, Class A1
5.417% due 12/25/2048		2,939,889		2,568,728
RAIT Preferred Funding, Ltd., Series 2007-2A,
Class B
5.665% due 06/25/2045 (b)(g)		1,315,000		667,875
Residential Accredit Loans, Inc.,
Series 2004-QS16, Class 1A1
5.50% due 12/25/2034		156,049		134,104
Residential Asset Mortgage Products, Inc.,
Series 2004-RS9, Class AI4
4.767% due 10/25/2032 (b)		189,350		185,403
Residential Asset Mortgage Products, Inc.,
Series 2004-RZ3, Class AI4
4.572% due 05/25/2033 (b)		150,000		139,013
Residential Asset Mortgage Products, Inc.,
Series 2005-RS6, Class A12
2.8387% due 06/25/2035 (b)		711,141		696,926
Residential Funding Mortgage Securities II, Series
2002-HI1, Class A7
6.90% due 01/25/2033		1,545,479		1,540,648
Structured Asset Securities Corp.,
Series 2004-16XS, Class A2
4.91% due 08/25/2034		46,810		46,720
Structured Asset Securities Corp.,
Series 2004-19XS, Class A2
4.37% due 10/25/2034		587,503		586,475
Structured Asset Securities Corp.,
Series 2004-6XS, Class M1
4.92% due 03/25/2034		1,032,639		877,169
Vanderbilt Acquisition Loan Trust,
Series 2002-1, Class A3
5.70% due 09/07/2023		67,197		66,893
Wells Fargo Home Equity Trust,
Series 2004-2, Class AI5
4.89% due 11/25/2028 (b)		250,000		236,529
TOTAL ASSET BACKED SECURITIES
(Cost $58,668,270)			$	47,404,253
SUPRANATIONAL OBLIGATIONS - 0.20%
Honduras - 0.08%
Central American Bank for Economic Integration
6.75% due 04/15/2013 (g)		900,000		992,497
Venezuela - 0.12%
Corporacion Andina de Fomento
5.20% due 05/21/2013		1,330,000		1,323,531
Corporacion Andina de Fomento, Series EXCH
6.875% due 03/15/2012		220,000		236,584
				1,560,115
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $2,538,752)			$	2,552,612
SHORT TERM INVESTMENTS - 8.65%
Federal Home Loan Bank Discount Notes
zero coupon due 04/17/2008	$	21,306,000	$	21,289,334
Federal Home Loan Mortgage Corp. Discount Notes
zero coupon due 04/14/2008		20,535,000		20,519,206

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Federal National Mortgage Association Discount
Notes
zero coupon due 04/14/2008 to
04/17/2008	$	62,149,000	$	62,102,342
John Hancock Cash
Investment Trust, 3.0622% (c)(f)		4,887,364		4,887,364
TOTAL SHORT TERM INVESTMENTS
(Cost $108,798,246)			$	108,798,246
REPURCHASE AGREEMENTS - 1.04%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$13,090,582 on 04/01/2008,
collateralized by $2,045,000
Federal Home Loan Mortgage
Corp., 2.875% due 04/30/2010
(valued at $2,088,456, including
interest) and $11,210,000 Federal
Home Loan Mortgage Corp.,
5.51% due 01/23/2023 (valued at
$11,268,740, including interest) ****	$	13,090,000	$	13,090,000
TOTAL REPURCHASE AGREEMENTS
(Cost $13,090,000)			$	13,090,000
Total Investments (Managed Trust)
(Cost $1,447,014,169) - 108.09%			$	1,359,406,158
Liabilities in Excess of Other Assets - (8.09)%				(101,796,819)
TOTAL NET ASSETS - 100.00%			$	1,257,609,339
Mid Cap Index Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.51%
Advertising - 0.57%
Getty Images, Inc. *		33,365	$	1,067,680
Lamar Advertising Company, Class A * (a)		55,077		1,978,916
ValueClick, Inc. *		68,511		1,181,815
				4,228,411
Aerospace - 0.62%
Alliant Techsystems, Inc. *		22,941		2,375,082
BE Aerospace, Inc. *		65,102		2,275,315
				4,650,397
Air Travel - 0.22%
Airtran Holdings, Inc. *		64,278		424,235
Alaska Air Group, Inc. *		26,616		522,206
JetBlue Airways Corp. * (a)		127,043		736,849
				1,683,290
Apparel & Textiles - 1.27%
Guess?, Inc.		38,247		1,547,856
Hanesbrands, Inc. *		66,612		1,945,071
Mohawk Industries, Inc. * (a)		38,749		2,774,816
Phillips-Van Heusen Corp.		39,512		1,498,295
The Warnaco Group, Inc. *		31,571		1,245,160
Timberland Company, Class A *		34,059		467,630

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

239

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Apparel & Textiles (continued)
Under Armour, Inc., Class A * (a)	0	$	0
			9,478,828
Auto Parts - 1.39%
ArvinMeritor, Inc.	50,940		637,259
BorgWarner, Inc.	81,416		3,503,331
Federal Signal Corp.	33,426		466,627
Gentex Corp.	100,747		1,727,811
Lear Corp. *	54,008		1,399,347
Modine Manufacturing Company	22,855		331,169
O'Reilly Automotive, Inc. *	80,712		2,301,906
			10,367,450
Auto Services - 0.36%
Avis Budget Group, Inc. *	72,455		769,472
Copart, Inc. *	48,737		1,889,046
			2,658,518
Banking - 3.34%
Associated Banc-Corp.	89,061		2,371,694
Astoria Financial Corp.	57,106		1,550,999
Bank of Hawaii Corp.	33,712		1,670,767
Cathay General Bancorp, Inc. (a)	34,541		716,035
City National Corp.	28,243		1,396,899
Colonial Bancgroup, Inc.	110,551		1,064,606
Cullen Frost Bankers, Inc.	41,057		2,177,663
First Community Bancorp	17,090		458,866
First Niagara Financial Group, Inc.	73,030		992,478
FirstMerit Corp.	56,293		1,163,013
New York Community Bancorp, Inc. (a)	227,216		4,139,876
SVB Financial Group *	22,638		987,922
TCF Financial Corp.	75,986		1,361,669
Washington Federal, Inc.	61,174		1,397,214
Webster Financial Corp.	36,708		1,023,052
WestAmerica Bancorp (a)	20,171		1,060,995
Wilmington Trust Corp.	47,358		1,472,834
			25,006,582
Biotechnology - 1.98%
Affymetrix, Inc. * (a)	48,494		844,280
Cephalon, Inc. *	47,327		3,047,859
Charles River Laboratories International, Inc. *	47,687		2,810,672
Invitrogen Corp. *	32,329		2,763,160
Millennium Pharmaceuticals, Inc. *	227,223		3,512,867
Techne Corp. *	27,297		1,838,726
			14,817,564
Broadcasting - 0.11%
Belo Corp., Class A	61,514		650,203
Entercom Communications Corp. (a)	18,455		183,258
			833,461
Building Materials & Construction - 0.82%
Dycom Industries, Inc. *	28,471		341,937
Granite Construction, Inc.	22,886		748,601
KBR, Inc.	118,726		3,292,272
RPM International, Inc.	85,183		1,783,732
			6,166,542

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 4.65%
Acxiom Corp.	47,423	$	562,911
Alliance Data Systems Corp. *	55,352		2,629,773
Brinks Company	33,614		2,258,189
Cadence Design Systems, Inc. *	194,597		2,078,296
ChoicePoint, Inc. *	47,466		2,259,382
Corporate Executive Board Company	24,309		984,028
CSG Systems International, Inc. *	24,427		277,735
Deluxe Corp.	35,950		690,599
DST Systems, Inc. *	35,320		2,321,937
Dun & Bradstreet Corp.	39,612		3,223,625
Fair Isaac Corp.	34,208		736,156
Gartner Group, Inc., Class A *	45,488		879,738
Global Payments, Inc.	55,596		2,299,451
Harte-Hanks, Inc.	31,752		434,050
Kelly Services, Inc., Class A	15,613		321,003
Korn/Ferry International *	32,447		548,354
Manpower, Inc.	55,741		3,135,989
MPS Group, Inc. *	66,743		788,902
Navigant Consulting Company *	31,966		606,715
NCR Corp. *	122,197		2,789,757
Rollins, Inc.	29,628		524,119
Sotheby's	47,192		1,364,321
SRA International, Inc., Class A *	30,041		730,297
URS Corp. *	58,378		1,908,377
Wind River Systems, Inc. *	53,731		415,878
			34,769,582
Cellular Communications - 0.46%
RF Micro Devices, Inc. *	203,930		542,454
Telephone & Data Systems, Inc.	74,439		2,923,219
			3,465,673
Chemicals - 3.44%
Airgas, Inc.	57,696		2,623,437
Albemarle Corp.	53,068		1,938,043
Cabot Corp.	45,525		1,274,700
CF Industries Holdings, Inc.	33,840		3,506,501
Chemtura Corp.	169,246		1,242,266
Cytec Industries, Inc.	29,330		1,579,420
Ferro Corp.	30,482		452,963
FMC Corp.	52,550		2,916,000
Lubrizol Corp.	47,853		2,656,320
Minerals Technologies, Inc.	13,358		838,882
Olin Corp.	52,187		1,031,215
Sensient Technologies Corp.	33,449		986,411
Terra Industries, Inc. *	63,489		2,255,764
The Scotts Company, Class A	31,032		1,006,057
Valspar Corp.	70,077		1,390,328
			25,698,307
Coal - 0.59%
Arch Coal, Inc.	100,692		4,380,102
Computers & Business Equipment - 2.21%
3Com Corp. *	281,332		644,250
Avocent Corp. *	31,963		540,175
Diebold, Inc.	46,021		1,728,089
Foundry Networks, Inc. *	104,938		1,215,182
Ingram Micro, Inc., Class A *	103,871		1,644,278

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

240

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
Jack Henry & Associates, Inc.	53,726	$	1,325,420
Metavante Technologies, Inc. *	62,498		1,249,335
National Instruments Corp.	40,174		1,050,148
Palm, Inc. * (a)	74,761		373,805
Parametric Technology Corp. *	81,128		1,296,426
Tech Data Corp. *	37,955		1,244,924
Western Digital Corp. *	155,282		4,198,825
			16,510,857
Construction & Mining Equipment - 0.66%
Joy Global, Inc.	75,499		4,919,515
Construction Materials - 0.50%
Louisiana-Pacific Corp.	72,103		661,906
Martin Marietta Materials, Inc. (a)	28,856		3,063,641
			3,725,547
Containers & Glass - 0.46%
Packaging Corp. of America	64,287		1,435,529
Sonoco Products Company	69,587		1,992,276
			3,427,805
Correctional Facilities - 0.32%
Corrections Corp. of America *	87,402		2,405,303
Cosmetics & Toiletries - 0.22%
Alberto-Culver Company	59,386		1,627,770
Crude Petroleum & Natural Gas - 4.54%
Bill Barrett Corp. *	23,497		1,110,233
Cimarex Energy Company	57,902		3,169,556
Forest Oil Corp. *	61,839		3,027,637
Newfield Exploration Company *	91,978		4,861,037
Patterson-UTI Energy, Inc.	107,737		2,820,555
Pioneer Natural Resources Company	83,510		4,102,011
Plains Exploration & Production Company *	78,900		4,192,746
Quicksilver Resources, Inc. * (a)	71,882		2,625,850
Southwestern Energy Company *	239,180		8,057,974
			33,967,599
Domestic Oil - 1.12%
Denbury Resources, Inc. *	171,505		4,896,468
Encore Aquisition Company *	37,352		1,504,538
Frontier Oil Corp.	72,410		1,973,897
			8,374,903
Drugs & Health Care - 0.27%
Perrigo Company	54,310		2,049,116
Educational Services - 0.73%
Career Education Corp. *	63,263		804,705
Corinthian Colleges, Inc. *	59,519		430,323
DeVry, Inc.	41,929		1,754,309
ITT Educational Services, Inc. * (a)	20,545		943,632
Strayer Education, Inc.	10,091		1,538,878
			5,471,847
Electrical Equipment - 0.84%
AMETEK, Inc.	74,943		3,290,747
Hubbell, Inc., Class B	39,817		1,739,605

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Equipment (continued)
Varian, Inc. *	21,187	$	1,227,151
			6,257,503
Electrical Utilities - 3.96%
Alliant Energy Corp.	79,477		2,782,490
Black Hills Corp.	26,453		946,488
DPL, Inc. (a)	79,460		2,037,354
Great Plains Energy, Inc.	60,350		1,487,628
Hawaiian Electric Industries, Inc. (a)	58,460		1,395,440
IDACORP, Inc. (a)	31,524		1,012,236
Northeast Utilities	108,526		2,663,228
NSTAR	74,709		2,273,395
OGE Energy Corp.	64,220		2,001,737
PNM Resources, Inc.	53,740		670,138
Puget Energy, Inc.	90,706		2,346,564
Quanta Services, Inc. *	119,657		2,772,453
Sierra Pacific Resources	163,598		2,066,243
Westar Energy, Inc.	68,373		1,556,853
Wisconsin Energy Corp.	81,792		3,598,030
			29,610,277
Electronics - 2.88%
Amphenol Corp., Class A	123,852		4,613,487
Arrow Electronics, Inc. *	86,011		2,894,270
Avnet, Inc. *	105,173		3,442,312
DRS Technologies, Inc.	28,931		1,686,099
Imation Corp.	21,928		498,643
Kemet Corp. *	58,748		237,342
Mentor Graphics Corp. *	62,769		554,250
Synopsys, Inc. *	99,244		2,253,831
Teleflex, Inc.	27,365		1,305,584
Thomas & Betts Corp. *	35,771		1,300,991
Vishay Intertechnology, Inc. *	130,341		1,180,890
Zebra Technologies Corp., Class A *	46,440		1,547,381
			21,515,080
Energy - 1.59%
Energen Corp.	50,139		3,123,660
Energy East Corp.	110,728		2,670,759
MDU Resources Group, Inc.	127,627		3,133,243
SCANA Corp.	81,604		2,985,074
			11,912,736
Financial Services - 2.69%
AmeriCredit Corp. * (a)	80,159		807,201
Apollo Investment Corp.	83,447		1,320,966
Broadridge Financial Solutions, Inc.	97,926		1,723,498
Eaton Vance Corp.	80,892		2,468,015
Fidelity National Financial, Inc., Class A	149,098		2,732,966
GATX Corp.	33,505		1,309,040
IndyMac Bancorp, Inc. (a)	56,584		280,657
Jefferies Group, Inc.	78,358		1,263,914
Raymond James Financial, Inc. (a)	67,173		1,543,636
SEI Investments Company	88,399		2,182,571
Synovus Financial Corp.	230,859		2,553,301
Waddell & Reed Financial, Inc., Class A	60,310		1,937,760
			20,123,525

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

241

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages - 1.49%
Corn Products International, Inc.	51,669	$	1,918,987
Hansen Natural Corp. *	42,416		1,497,285
Hormel Foods Corp.	50,281		2,094,707
J.M. Smucker Company	38,882		1,967,818
PepsiAmericas, Inc.	41,393		1,056,763
Smithfield Foods, Inc. *	81,786		2,106,807
Tootsie Roll Industries, Inc. (a)	19,096		481,220
			11,123,587
Forest Products - 0.32%
Rayonier, Inc.	54,838		2,382,163
Funeral Services - 0.25%
Service Corporation International	183,131		1,856,948
Furniture & Fixtures - 0.05%
Furniture Brands International, Inc. (a)	33,923		396,899
Gas & Pipeline Utilities - 2.17%
AGL Resources, Inc.	53,467		1,834,987
Aquila, Inc. *	262,962		844,108
Equitable Resources, Inc.	85,442		5,032,534
National Fuel Gas Company	58,424		2,758,197
ONEOK, Inc.	72,788		3,248,528
Vectren Corp.	53,409		1,432,964
WGL Holdings, Inc.	34,599		1,109,244
			16,260,562
Healthcare Products - 4.81%
Advanced Medical Optics, Inc. * (a)	42,452		861,776
Beckman Coulter, Inc.	43,859		2,831,098
DENTSPLY International, Inc.	105,581		4,075,427
Edwards Lifesciences Corp. *	39,653		1,766,541
Gen-Probe, Inc. *	37,753		1,819,695
Henry Schein, Inc. *	62,693		3,598,578
Hillenbrand Industries, Inc.	43,539		2,081,164
Hologic, Inc. *	89,370		4,968,972
Intuitive Surgical, Inc. *	27,021		8,764,261
Kinetic Concepts, Inc. *	37,852		1,749,898
ResMed, Inc. *	54,337		2,291,935
STERIS Corp.	43,413		1,164,771
			35,974,116
Healthcare Services - 1.92%
Apria Healthcare Group, Inc. *	30,635		605,041
Cerner Corp. *	46,696		1,740,827
Covance, Inc. *	44,861		3,722,117
Health Net, Inc. *	77,154		2,376,343
Kindred Healthcare, Inc. *	20,920		457,521
Lincare Holdings, Inc. *	51,194		1,439,063
Omnicare, Inc.	85,176		1,546,796
Psychiatric Solutions, Inc. *	38,546		1,307,480
WellCare Health Plans, Inc. *	29,172		1,136,250
			14,331,438
Homebuilders - 0.89%
Hovnanian Enterprises, Inc., Class A * (a)	25,807		273,554
M.D.C. Holdings, Inc.	24,482		1,072,067
NVR, Inc. * (a)	3,680		2,198,800
Ryland Group, Inc.	29,544		971,702

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Homebuilders (continued)
Toll Brothers, Inc. *	89,815	$	2,108,856
			6,624,979
Hotels & Restaurants - 0.96%
Bob Evans Farms, Inc.	21,679		598,124
Boyd Gaming Corp.	39,284		785,680
Brinker International, Inc.	70,777		1,312,913
CBRL Group, Inc.	15,484		553,863
Chipotle Mexican Grill, Inc., Class A * (a)	23,068		2,616,603
Ruby Tuesday, Inc.	36,172		271,290
The Cheesecake Factory, Inc. * (a)	48,403		1,054,701
			7,193,174
Household Products - 1.09%
Blyth, Inc.	16,883		332,933
Church & Dwight, Inc.	46,424		2,518,038
Energizer Holdings, Inc. *	40,194		3,636,753
Tupperware Brands Corp.	43,106		1,667,340
			8,155,064
Industrial Machinery - 3.71%
AGCO Corp. *	64,080		3,837,110
Crane Company	35,922		1,449,453
Donaldson Company, Inc.	49,273		1,984,716
Flowserve Corp.	40,096		4,185,221
FMC Technologies, Inc. *	90,899		5,171,244
Graco, Inc.	42,752		1,550,188
Grant Prideco, Inc. *	87,473		4,305,421
IDEX Corp.	57,068		1,751,417
Kennametal, Inc.	53,938		1,587,395
Lincoln Electric Holdings, Inc.	30,051		1,937,989
			27,760,154
Industrials - 0.98%
Fastenal Company (a)	87,617		4,024,249
Harsco Corp.	59,099		3,272,902
			7,297,151
Insurance - 3.61%
American Financial Group, Inc.	50,070		1,279,789
Arthur J. Gallagher & Company	64,386		1,520,797
Brown & Brown, Inc.	79,731		1,385,725
Commerce Group, Inc.	30,346		1,094,277
Everest Re Group, Ltd.	43,974		3,936,992
First American Corp.	64,354		2,184,175
Hanover Insurance Group, Inc.	36,309		1,493,752
HCC Insurance Holdings, Inc.	80,649		1,829,926
Horace Mann Educators Corp.	28,422		496,817
Mercury General Corp.	24,883		1,102,566
Old Republic International Corp.	161,208		2,081,195
PMI Group, Inc. (a)	56,741		330,233
Protective Life Corp.	49,122		1,992,388
Radian Group, Inc. (a)	56,235		369,464
Stancorp Financial Group, Inc.	34,282		1,635,594
Unitrin, Inc.	36,240		1,280,722
W.R. Berkley Corp.	108,899		3,015,413
			27,029,825

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

242

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Retail - 0.14%
Netflix, Inc. * (a)	31,244	$	1,082,605
Internet Software - 0.76%
Digital River, Inc. *	28,385		879,083
F5 Networks, Inc. *	59,415		1,079,571
McAfee, Inc. *	113,524		3,756,509
			5,715,163
Leisure Time - 0.44%
Callaway Golf Company	46,361		680,580
International Speedway Corp., Class A	21,296		877,395
Life Time Fitness, Inc. * (a)	23,553		735,089
Scientific Games Corp., Class A *	45,738		965,529
			3,258,593
Life Sciences - 0.41%
Pharmaceutical Product Development, Inc.	73,459		3,077,932
Manufacturing - 2.32%
AptarGroup, Inc.	47,782		1,860,153
Carlisle Companies, Inc.	42,041		1,405,851
Lancaster Colony Corp.	14,725		588,411
Mine Safety Appliances Company	20,460		842,748
Nordson Corp.	23,534		1,267,306
Pentair, Inc.	69,447		2,215,359
Roper Industries, Inc.	62,468		3,713,098
SPX Corp.	37,296		3,912,350
Trinity Industries, Inc. (a)	56,935		1,517,318
			17,322,594
Medical-Hospitals - 1.05%
Community Health Systems, Inc. *	67,582		2,268,728
Health Management Associates, Inc., Class A *	170,090		899,776
LifePoint Hospitals, Inc. *	39,701		1,090,586
Universal Health Services, Inc., Class B	36,200		1,943,578
VCA Antech, Inc. *	59,248		1,620,433
			7,823,101
Metal & Metal Products - 1.09%
Commercial Metals Company	81,546		2,443,934
Matthews International Corp., Class A	21,694		1,046,736
Reliance Steel & Aluminum Company	44,112		2,640,544
Timken Company	67,014		1,991,656
			8,122,870
Mining - 0.51%
Cleveland-Cliffs, Inc.	31,594		3,785,593
Mobile Homes - 0.10%
Thor Industries, Inc. (a)	24,067		716,475
Newspapers - 0.04%
Lee Enterprises, Inc. (a)	28,039		280,670
Office Furnishings & Supplies - 0.24%
Herman Miller, Inc.	39,597		972,898
HNI Corp. (a)	31,115		836,683
			1,809,581
Paper - 0.28%
Potlatch Corp.	27,411		1,131,252
Temple-Inland, Inc.	74,335		945,541
			2,076,793

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services - 1.98%
Exterran Holdings, Inc. *	45,680	$	2,948,187
Helmerich & Payne, Inc.	72,509		3,398,497
Pride International, Inc. *	116,909		4,085,970
Superior Energy Services, Inc. *	56,500		2,238,530
Tidewater, Inc.	38,376		2,114,901
			14,786,085
Pharmaceuticals - 1.19%
Endo Pharmaceutical Holdings, Inc. *	93,830		2,246,290
Medicis Pharmaceutical Corp., Class A	39,421		776,200
Par Pharmaceutical Companies, Inc. *	24,170		420,316
PDL BioPharma, Inc. *	81,719		865,404
Sepracor, Inc. *	78,362		1,529,626
Valeant Pharmaceuticals International * (a)	63,644		816,553
Vertex Pharmaceuticals, Inc. *	93,005		2,221,889
			8,876,278
Publishing - 0.41%
American Greetings Corp., Class A	36,503		677,131
John Wiley & Sons, Inc., Class A	31,473		1,249,478
Media General, Inc., Class A (a)	15,988		224,152
Scholastic Corp. *	18,294		553,759
Valassis Communications, Inc. * (a)	33,606		364,625
			3,069,145
Railroads & Equipment - 0.46%
Kansas City Southern *	53,945		2,163,734
Wabtec Corp.	34,058		1,282,624
			3,446,358
Real Estate - 5.69%
Alexandria Real Estate Equities, Inc., REIT (a)	22,396		2,076,557
AMB Property Corp., REIT	68,477		3,726,518
BRE Properties, Inc., Class A, REIT	35,660		1,624,670
Camden Property Trust, REIT	36,858		1,850,272
Cousins Properties, Inc., REIT (a)	25,825		638,136
Duke Realty Corp., REIT	102,335		2,334,261
Equity One, Inc., REIT	25,848		619,577
Federal Realty Investment Trust, REIT	41,097		3,203,511
Health Care, Inc., REIT (a)	62,084		2,801,851
Highwoods Properties, Inc., REIT	39,987		1,242,396
Hospitality Properties Trust, REIT	65,675		2,234,263
Jones Lang LaSalle, Inc.	22,228		1,719,114
Liberty Property Trust, REIT	64,394		2,003,297
Mack-California Realty Corp., REIT	45,931		1,640,196
Nationwide Health Properties, Inc., REIT	66,619		2,248,391
Realty Income Corp., REIT (a)	70,847		1,815,100
Regency Centers Corp., REIT	48,675		3,152,193
The Macerich Company, REIT	50,598		3,555,521
UDR, Inc., REIT	93,273		2,287,054
Weingarten Realty Investors, REIT (a)	52,158		1,796,322
			42,569,200
Retail Grocery - 0.13%
Ruddick Corp.	25,998		958,286
Retail Trade - 4.78%
99 Cents Only Stores *	32,833		324,718
Advance Auto Parts, Inc.	66,112		2,251,114
Aeropostale, Inc. *	46,818		1,269,236

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

243

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
American Eagle Outfitters, Inc.	149,659	$	2,620,529
AnnTaylor Stores Corp. *	42,917		1,037,733
Barnes & Noble, Inc.	33,651		1,031,403
BJ's Wholesale Club, Inc. *	44,828		1,599,911
Borders Group, Inc. (a)	41,095		241,228
CarMax, Inc. * (a)	152,741		2,966,230
Charming Shoppes, Inc. * (a)	81,624		394,244
Chico's FAS, Inc. * (a)	123,213		876,044
Coldwater Creek, Inc. * (a)	41,916		211,676
Collective Brands, Inc. *	45,819		555,326
Dick's Sporting Goods, Inc. *	58,235		1,559,533
Dollar Tree, Inc. *	64,315		1,774,451
Foot Locker, Inc.	108,050		1,271,748
MSC Industrial Direct Company, Inc., Class A	33,263		1,405,362
NBTY, Inc. *	39,267		1,176,047
Pacific Sunwear of California, Inc. *	49,472		623,842
PetSmart, Inc.	89,991		1,839,416
Regis Corp.	30,831		847,544
Rent-A-Center, Inc. *	46,662		856,248
Ross Stores, Inc.	94,761		2,839,040
Saks, Inc. *	99,142		1,236,301
United Rentals, Inc. *	53,135		1,001,063
Urban Outfitters, Inc. *	78,965		2,475,553
Williams-Sonoma, Inc. (a)	61,584		1,492,796
			35,778,336
Sanitary Services - 1.09%
Aqua America, Inc. (a)	93,327		1,752,681
Republic Services, Inc.	110,406		3,228,271
Stericycle, Inc. *	61,193		3,151,440
			8,132,392
Semiconductors - 2.21%
Atmel Corp. *	310,507		1,080,564
Cree, Inc. *	61,178		1,710,537
Cypress Semiconductor Corp. *	106,814		2,521,879
Fairchild Semiconductor International, Inc. *	87,114		1,038,399
Integrated Device Technology, Inc. *	132,990		1,187,601
International Rectifier Corp. *	50,722		1,090,523
Intersil Corp., Class A	88,632		2,275,183
Lam Research Corp. *	87,083		3,328,312
Semtech Corp. *	44,923		643,747
Silicon Laboratories, Inc. *	36,868		1,162,817
Triquint Semiconductor, Inc. *	100,020		506,101
			16,545,663
Software - 1.18%
ACI Worldwide, Inc. *	25,148		500,948
Activision, Inc. *	205,583		5,614,472
Advent Software, Inc. *	12,517		533,474
Macrovision Corp. *	37,822		510,597
Sybase, Inc. *	62,379		1,640,568
			8,800,059
Steel - 0.94%
Carpenter Technology Corp.	34,436		1,927,383
Steel Dynamics, Inc.	131,894		4,357,778

Mid Cap Index Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Steel (continued)
Worthington Industries, Inc. (a)		46,213	$	779,613
				7,064,774
Telecommunications Equipment &
Services - 0.92%
ADC Telecommunications, Inc. *		82,319		994,414
ADTRAN, Inc.		39,558		731,823
CommScope, Inc. *		47,048		1,638,682
NeuStar, Inc., Class A *		54,126		1,433,256
Plantronics, Inc.		34,171		659,842
Polycom, Inc. *		61,635		1,389,253
				6,847,270
Telephone - 0.72%
Cincinnati Bell, Inc. *		173,731		740,094
Harris Corp.		95,478		4,633,547
				5,373,641
Tobacco - 0.17%
Universal Corp.		19,018		1,246,250
Transportation - 0.55%
Alexander & Baldwin, Inc.		28,893		1,244,711
Con-way, Inc.		31,721		1,569,555
Overseas Shipholding Group, Inc.		18,980		1,329,359
				4,143,625
Trucking & Freight - 0.65%
J.B. Hunt Transport Services, Inc.		60,192		1,891,835
Oshkosh Truck Corp.		51,910		1,883,295
Werner Enterprises, Inc.		31,125		577,680
YRC Worldwide, Inc. * (a)		39,728		521,231
				4,874,041
TOTAL COMMON STOCKS (Cost $772,627,964)			$	714,073,523
SHORT TERM INVESTMENTS - 12.01%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	59,181,827	$	59,181,827
Lloyds Bank PLC
2.70% due 04/01/2008		30,644,000		30,644,000
TOTAL SHORT TERM INVESTMENTS
(Cost $89,825,827)			$	89,825,827
Total Investments (Mid Cap Index Trust)
(Cost $862,453,791) - 107.52%			$	803,899,350
Liabilities in Excess of Other Assets - (7.52)%				(56,208,860)
TOTAL NET ASSETS - 100.00%			$	747,690,490
Mid Cap Intersection Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.11%
Aerospace - 1.34%
Alliant Techsystems, Inc. *		10,300	$	1,066,359
Teledyne Technologies, Inc. *		14,700		690,900

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

244

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Aerospace (continued)
Woodward Governor Company	61,000	$	1,629,920
			3,387,179
Air Travel - 0.26%
SkyWest, Inc.	31,000		654,720
Apparel & Textiles - 0.48%
Crocs, Inc. *	17,800		310,966
The Warnaco Group, Inc. *	23,290		918,558
			1,229,524
Auto Parts - 0.87%
BorgWarner, Inc.	51,300		2,207,439
Banking - 0.89%
Huntington BancShares, Inc.	91,200		980,400
Sovereign Bancorp, Inc.	45,600		424,992
Toronto-Dominion Bank *	14,062		862,709
			2,268,101
Biotechnology - 3.06%
Bio-Rad Laboratories, Inc., Class A *	17,700		1,574,415
Cephalon, Inc. *	58,617		3,774,935
Millennium Pharmaceuticals, Inc. *	156,321		2,416,722
			7,766,072
Building Materials & Construction - 1.07%
Armstrong World Industries, Inc. *	28,300		1,009,178
Foster Wheeler, Ltd. *	10,600		600,172
Lennox International, Inc.	31,000		1,115,070
			2,724,420
Business Services - 3.15%
Deluxe Corp.	44,600		856,766
DST Systems, Inc. *	32,614		2,144,044
Manpower, Inc.	75,184		4,229,852
Sotheby's	26,100		754,551
			7,985,213
Cellular Communications - 0.57%
Telephone & Data Systems, Inc.	36,771		1,443,997
Chemicals - 3.40%
Celanese Corp., Series A	26,300		1,027,015
CF Industries Holdings, Inc.	37,800		3,916,836
FMC Corp.	32,020		1,776,790
Terra Industries, Inc. *	30,800		1,094,324
W. R. Grace & Company *	35,600		812,392
			8,627,357
Commercial Services - 0.23%
Shaw Group, Inc. *	12,600		593,964
Computers & Business Equipment - 2.03%
Avocent Corp. *	65,000		1,098,500
Ingram Micro, Inc., Class A *	167,876		2,657,477
Tech Data Corp. *	14,400		472,320
Western Digital Corp. *	33,900		916,656
			5,144,953
Containers & Glass - 1.62%
Owens-Illinois, Inc. *	72,900		4,113,747

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Crude Petroleum & Natural Gas - 5.19%
Cimarex Energy Company	30,808	$	1,686,430
Noble Energy, Inc.	70,660		5,144,048
Sunoco, Inc.	13,900		729,333
Unit Corp. *	80,400		4,554,660
W&T Offshore, Inc.	30,600		1,043,766
			13,158,237
Domestic Oil - 1.74%
Denbury Resources, Inc. *	55,800		1,593,090
Encore Aquisition Company *	23,100		930,468
Frontier Oil Corp.	46,800		1,275,768
St. Mary Land & Exploration Company	16,000		616,000
			4,415,326
Drugs & Health Care - 0.95%
Perrigo Company	50,690		1,912,534
XenoPort, Inc. *	12,100		489,687
			2,402,221
Educational Services - 1.57%
Apollo Group, Inc., Class A *	10,200		440,640
DeVry, Inc.	27,800		1,163,152
ITT Educational Services, Inc. *	51,987		2,387,763
			3,991,555
Electrical Equipment - 0.36%
GrafTech International, Ltd. *	19,100		309,611
Wesco International, Inc. *	16,700		609,383
			918,994
Electrical Utilities - 1.58%
CenterPoint Energy, Inc.	81,980		1,169,855
Pepco Holdings, Inc.	85,192		2,105,946
Sierra Pacific Resources	58,400		737,592
			4,013,393
Electronics - 3.42%
Amphenol Corp., Class A	57,021		2,124,032
Arrow Electronics, Inc. *	31,338		1,054,524
Avnet, Inc. *	53,370		1,746,800
Belden, Inc.	25,600		904,192
Mentor Graphics Corp. *	69,791		616,254
Synopsys, Inc. *	58,900		1,337,619
Vishay Intertechnology, Inc. *	97,477		883,142
			8,666,563
Energy - 2.56%
Energen Corp.	39,200		2,442,160
MDU Resources Group, Inc.	139,729		3,430,347
SCANA Corp.	17,000		621,860
			6,494,367
Financial Services - 2.82%
Affiliated Managers Group, Inc. *	13,500		1,224,990
CIT Group, Inc.	22,260		263,781
IntercontinentalExchange, Inc. *	5,900		769,950
UMB Financial Corp.	61,500		2,533,800
Waddell & Reed Financial, Inc., Class A	73,390		2,358,021
			7,150,542

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

245

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages - 1.24%
Hansen Natural Corp. *	15,500	$	547,150
Hormel Foods Corp.	32,868		1,369,281
Pepsi Bottling Group, Inc.	36,100		1,224,151
			3,140,582
Gas & Pipeline Utilities - 2.49%
National Fuel Gas Company	22,000		1,038,620
Questar Corp.	33,000		1,866,480
UGI Corp.	137,280		3,421,018
			6,326,118
Healthcare Products - 2.31%
Beckman Coulter, Inc.	50,255		3,243,960
Bruker BioSciences Corp. *	44,300		681,777
Intuitive Surgical, Inc. *	6,000		1,946,100
			5,871,837
Healthcare Services - 2.46%
Coventry Health Care, Inc. *	69,200		2,792,220
Health Net, Inc. *	83,428		2,569,582
Kindred Healthcare, Inc. *	40,430		884,204
			6,246,006
Homebuilders - 0.16%
NVR, Inc. *	700		418,250
Hotels & Restaurants - 0.53%
Darden Restaurants, Inc.	41,000		1,334,550
Household Products - 1.51%
Church & Dwight, Inc.	22,203		1,204,291
Newell Rubbermaid, Inc.	42,300		967,401
Tupperware Brands Corp.	43,100		1,667,108
			3,838,800
Industrial Machinery - 4.70%
AGCO Corp. *	40,640		2,433,523
Crane Company	9,300		375,255
Flowserve Corp.	7,200		751,536
FMC Technologies, Inc. *	18,500		1,052,465
Gardner Denver, Inc. *	69,800		2,589,580
Parker-Hannifin Corp.	18,900		1,309,203
The Manitowoc Company, Inc.	58,100		2,370,480
W.W. Grainger, Inc.	13,800		1,054,182
			11,936,224
Industrials - 0.56%
Harsco Corp.	25,839		1,430,964
Insurance - 5.29%
Allied World Assurance Holdings, Ltd.	76,400		3,033,080
Assurant, Inc.	31,500		1,917,090
Axis Capital Holdings, Ltd.	115,300		3,917,894
Everest Re Group, Ltd.	50,745		4,543,200
			13,411,264
Internet Retail - 1.10%
Netflix, Inc. *	80,257		2,780,905
Internet Software - 0.90%
McAfee, Inc. *	68,869		2,278,875

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Leisure Time - 0.56%
Callaway Golf Company	61,800	$	907,224
Regal Entertainment Group, Class A	26,400		509,256
			1,416,480
Manufacturing - 1.90%
Acuity Brands, Inc.	28,870		1,239,966
Barnes Group, Inc.	28,900		663,255
Ceradyne, Inc. *	18,460		589,982
SPX Corp.	22,100		2,318,290
			4,811,493
Medical-Hospitals - 1.28%
LifePoint Hospitals, Inc. *	62,446		1,715,392
Universal Health Services, Inc., Class B	28,500		1,530,165
			3,245,557
Metal & Metal Products - 2.49%
Commercial Metals Company	42,366		1,269,709
Precision Castparts Corp.	33,480		3,417,638
Reliance Steel & Aluminum Company	27,316		1,635,136
			6,322,483
Mining - 1.16%
Cleveland-Cliffs, Inc.	24,600		2,947,572
Office Furnishings & Supplies - 0.47%
Herman Miller, Inc.	16,358		401,916
HNI Corp.	29,400		790,566
			1,192,482
Petroleum Services - 2.11%
Pride International, Inc. *	94,430		3,300,329
SEACOR Holdings, Inc. *	12,400		1,058,464
Superior Energy Services, Inc. *	24,900		986,538
			5,345,331
Pharmaceuticals - 2.39%
Alkermes, Inc. *	114,900		1,365,012
Amylin Pharmaceuticals, Inc. *	45,300		1,323,213
Barr Pharmaceuticals, Inc. *	18,100		874,411
Vertex Pharmaceuticals, Inc. *	60,256		1,439,516
Watson Pharmaceuticals, Inc. *	36,200		1,061,384
			6,063,536
Publishing - 0.53%
American Greetings Corp., Class A	44,500		825,475
Scholastic Corp. *	17,100		517,617
			1,343,092
Real Estate - 4.46%
AMB Property Corp., REIT	23,600		1,284,312
Annaly Capital Management, Inc., REIT	83,890		1,285,195
Douglas Emmett, Inc., REIT	53,890		1,188,813
Forest City Enterprises, Inc., Class A	28,800		1,059,840
Hospitality Properties Trust, REIT	60,200		2,048,004
Host Hotels & Resorts, Inc., REIT	94,600		1,506,032
National Retail Properties, Inc., REIT	63,000		1,389,150
Sunstone Hotel Investors, Inc., REIT	97,400		1,559,374
			11,320,720
Retail Grocery - 1.00%
Ruddick Corp.	20,200		744,572

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

246

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Grocery (continued)
SUPERVALU, Inc.	59,900	$	1,795,802
			2,540,374
Retail Trade - 5.88%
Abercrombie & Fitch Company, Class A	42,700		3,123,078
Aeropostale, Inc. *	61,485		1,666,858
American Eagle Outfitters, Inc.	70,534		1,235,050
BJ's Wholesale Club, Inc. *	86,900		3,101,461
Dollar Tree, Inc. *	50,096		1,382,149
Fossil, Inc. *	16,000		488,640
GameStop Corp., Class A *	20,310		1,050,230
J. Crew Group, Inc. *	48,520		2,143,128
Longs Drug Stores Corp.	16,960		720,122
			14,910,716
Semiconductors - 3.52%
Emulex Corp. *	45,100		732,424
Lam Research Corp. *	143,245		5,474,824
MKS Instruments, Inc. *	35,400		757,560
Varian Semiconductor Equipment
Associates, Inc. *	70,050		1,971,907
			8,936,715
Software - 1.64%
Activision, Inc. *	44,900		1,226,219
Autodesk, Inc. *	14,500		456,460
BMC Software, Inc. *	35,400		1,151,208
Sybase, Inc. *	50,741		1,334,488
			4,168,375
Steel - 0.85%
Steel Dynamics, Inc.	65,600		2,167,424
Telecommunications Equipment &
Services - 1.39%
CommScope, Inc. *	83,430		2,905,867
NeuStar, Inc., Class A *	23,668		626,729
			3,532,596
Telephone - 1.37%
CenturyTel, Inc.	51,800		1,721,832
Harris Corp.	35,981		1,746,158
			3,467,990
Toys, Amusements & Sporting Goods - 0.48%
Hasbro, Inc.	43,700		1,219,230
Transportation - 0.39%
Overseas Shipholding Group, Inc.	14,000		980,560
Trucking & Freight - 0.83%
Landstar Systems, Inc.	18,500		964,960
Werner Enterprises, Inc.	61,460		1,140,698
			2,105,658
TOTAL COMMON STOCKS (Cost $271,196,706)		$	246,410,643

Mid Cap Intersection Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 2.89%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$7,330,326 on 04/01/2008,
collateralized by $7,535,000
Federal Home Loan Mortgage
Corp., 1.00% due 07/11/2022
(valued at $7,478,488, including
interest)	$	7,330,000	$	7,330,000
TOTAL REPURCHASE AGREEMENTS
(Cost $7,330,000)			$	7,330,000
Total Investments (Mid Cap Intersection Trust)
(Cost $278,526,706) - 100.00%			$	253,740,643
Liabilities in Excess of Other Assets - 0.00%				(4,446)
TOTAL NET ASSETS - 100.00%			$	253,736,197
Mid Cap Stock Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.14%
Advertising - 1.45%
Focus Media Holding, Ltd., ADR * (a)		418,700	$	14,717,305
Aerospace - 1.29%
Teledyne Technologies, Inc. *		277,400		13,037,800
Agriculture - 1.12%
Bunge, Ltd. (a)		130,500		11,337,840
Apparel & Textiles - 0.67%
Liz Claiborne, Inc.		375,244		6,810,679
Auto Parts - 0.84%
LKQ Corp. *		380,300		8,545,341
Automobiles - 1.07%
PACCAR, Inc.		241,700		10,876,500
Banking - 1.50%
Huntington BancShares, Inc.		303,000		3,257,250
Julius Baer Holding AG		162,200		11,972,725
				15,229,975
Biotechnology - 3.02%
Cephalon, Inc. * (a)		245,183		15,789,785
Charles River Laboratories International, Inc. *		250,200		14,746,788
				30,536,573
Business Services - 3.45%
DST Systems, Inc. * (a)		125,300		8,237,222
Global Payments, Inc.		148,500		6,141,960
Iron Mountain, Inc. *		244,300		6,459,292
Net 1 UEPS Technologies, Inc. *		398,600		8,988,430
Sotheby's		175,600		5,076,596
				34,903,500
Chemicals - 2.70%
FMC Corp.		182,900		10,149,121
Kingboard Chemical Holdings, Ltd.		2,318,200		8,260,769

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

247

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Stock Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chemicals (continued)
Terra Industries, Inc. *	251,100	$	8,921,583
			27,331,473
Coal - 3.32%
Arch Coal, Inc.	379,200		16,495,200
CONSOL Energy, Inc.	247,200		17,103,768
			33,598,968
Computer Services - 1.15%
NetApp, Inc. *	579,900		11,626,995
Containers & Glass - 3.36%
Owens-Illinois, Inc. *	187,050		10,555,231
Rexam PLC	1,346,980		11,407,088
Sealed Air Corp.	479,500		12,107,375
			34,069,694
Crude Petroleum & Natural Gas - 5.93%
Chesapeake Energy Corp.	439,672		20,290,863
EOG Resources, Inc.	130,300		15,636,000
Forest Oil Corp. *	224,900		11,011,104
Ultra Petroleum Corp. *	169,500		13,136,250
			60,074,217
Drugs & Health Care - 1.44%
Shionogi & Company, Ltd.	716,753		12,326,549
Zymogenetics, Inc. * (a)	232,600		2,279,480
			14,606,029
Educational Services - 1.03%
Apollo Group, Inc., Class A *	241,500		10,432,800
Electrical Equipment - 1.79%
FLIR Systems, Inc. *	601,700		18,105,153
Electronics - 0.93%
Safran SA	458,548		9,407,117
Energy - 1.28%
Covanta Holding Corp. *	471,100		12,955,250
Financial Services - 5.29%
Interactive Data Corp.	467,900		13,321,113
Invesco, Ltd. (a)	473,700		11,539,332
MF Global, Ltd. *	544,350		5,394,509
Washington Mutual, Inc.	424,100		4,368,230
Western Union Company	892,990		18,993,897
			53,617,081
Food & Beverages - 0.92%
Hansen Natural Corp. *	263,400		9,298,020
Healthcare Products - 5.46%
Hologic, Inc. * (a)	175,600		9,763,360
Mindray Medical International, Ltd., ADR (a)	327,100		9,466,274
St. Jude Medical, Inc. *	366,100		15,811,859
The Medicines Company *	208,661		4,214,952
Zimmer Holdings, Inc. *	205,900		16,031,374
			55,287,819
Healthcare Services - 2.68%
Coventry Health Care, Inc. *	254,300		10,261,005
McKesson Corp.	322,700		16,899,799
			27,160,804

Mid Cap Stock Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Products - 1.90%
Jarden Corp. *	717,604	$	15,600,711
Newell Rubbermaid, Inc.	159,300		3,643,191
			19,243,902
Industrial Machinery - 3.97%
Cummins, Inc.	332,100		15,548,922
Flowserve Corp.	94,540		9,868,085
Pall Corp.	422,200		14,806,554
			40,223,561
Internet Service Provider - 1.03%
Equinix, Inc. * (a)	156,700		10,418,983
Internet Software - 3.16%
McAfee, Inc. *	496,300		16,422,567
VeriSign, Inc. *	468,900		15,586,236
			32,008,803
Leisure Time - 1.13%
DreamWorks Animation SKG, Inc., Class A *	442,961		11,419,535
Life Sciences - 1.11%
Pharmaceutical Product Development, Inc.	267,800		11,220,820
Manufacturing - 2.69%
Mine Safety Appliances Company (a)	320,045		13,182,653
Snap-on, Inc.	277,100		14,090,535
			27,273,188
Metal & Metal Products - 1.36%
Cameco Corp. (a)	417,648		13,757,325
Mining - 2.03%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	102,430		9,855,815
Kinross Gold Corp. (a)	486,200		10,749,882
			20,605,697
Pharmaceuticals - 4.76%
Alkermes, Inc. *	387,499		4,603,488
Amylin Pharmaceuticals, Inc. *	328,733		9,602,291
Auxilium Pharmaceuticals, Inc. * (a)	188,600		5,043,164
Barr Pharmaceuticals, Inc. *	274,960		13,283,318
Elan Corp. PLC, SADR *	491,500		10,252,690
Regeneron Pharmaceuticals, Inc. *	283,000		5,430,770
			48,215,721
Railroads & Equipment - 0.77%
Kansas City Southern *	193,900		7,777,329
Retail Grocery - 0.74%
SUPERVALU, Inc.	248,800		7,459,024
Retail Trade - 6.38%
Advance Auto Parts, Inc.	307,700		10,477,185
BJ's Wholesale Club, Inc. *	524,789		18,729,719
Dick's Sporting Goods, Inc. *	258,800		6,930,664
Kohl's Corp. *	251,600		10,791,124
Staples, Inc.	229,000		5,063,190
The Gap, Inc.	640,400		12,603,072
			64,594,954
Semiconductors - 2.03%
Lam Research Corp. *	269,000		10,281,180

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

248

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Stock Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Marvell Technology Group, Ltd. *		943,300	$	10,263,104
				20,544,284
Software - 4.45%
BMC Software, Inc. *		400,400		13,021,008
Citrix Systems, Inc. *		172,600		5,062,358
Nuance Communications, Inc. * (a)		795,000		13,840,950
UbiSoft Entertainment SA *		153,123		13,189,844
				45,114,160
Steel - 2.71%
Steel Dynamics, Inc.		319,200		10,546,368
United States Steel Corp.		133,200		16,899,084
				27,445,452
Telecommunications Equipment &
Services - 0.93%
NICE Systems, Ltd., ADR *		332,700		9,388,794
Toys, Amusements & Sporting Goods - 1.39%
Marvel Entertainment, Inc. * (a)		527,100		14,121,009
Transportation - 1.91%
Aircastle, Ltd. (a)		0		0
C.H. Robinson Worldwide, Inc.		202,300		11,005,120
Con-way, Inc.		169,500		8,386,860
				19,391,980
TOTAL COMMON STOCKS (Cost $967,680,028)			$	973,791,454
SHORT TERM INVESTMENTS - 14.30%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	144,876,226	$	144,876,226
TOTAL SHORT TERM INVESTMENTS
(Cost $144,876,226)			$	144,876,226
REPURCHASE AGREEMENTS - 2.98%
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/31/2008 at
2.50% to be repurchased at
$30,202,097 on 04/01/2008,
collateralized by $37,908,038
Federal Home Loan Mortgage
Corp., 6.50% due 04/01/2036
(valued at $30,804,001, including
interest)	$	30,200,000	$	30,200,000
TOTAL REPURCHASE AGREEMENTS
(Cost $30,200,000)			$	30,200,000
Total Investments (Mid Cap Stock Trust)
(Cost $1,142,756,254) - 113.42%			$	1,148,867,680
Liabilities in Excess of Other Assets - (13.42)%				(135,951,985)
TOTAL NET ASSETS - 100.00%			$	1,012,915,695

Mid Cap Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.10%
Advertising - 3.09%
Interpublic Group of Companies, Inc. *	1,491,494	$	12,543,464
Agriculture - 1.25%
Monsanto Company	18,204		2,029,746
The Mosaic Company *	29,571		3,033,985
			5,063,731
Auto Parts - 2.20%
ArvinMeritor, Inc.	173,700		2,172,987
Genuine Parts Company	168,207		6,765,285
			8,938,272
Banking - 0.66%
Comerica, Inc.	14,300		501,644
Fifth Third Bancorp	33,700		705,004
M&T Bank Corp.	8,100		651,888
Zions Bancorp	17,700		806,235
			2,664,771
Building Materials & Construction - 1.12%
KBR, Inc.	114,218		3,167,265
Owens Corning, Inc. * (a)	76,800		1,392,384
			4,559,649
Business Services - 4.07%
Arbitron, Inc. (a)	106,300		4,587,908
R.H. Donnelley Corp. *	431,347		2,182,616
R.R. Donnelley & Sons Company	321,761		9,752,576
			16,523,100
Chemicals - 3.70%
Chemtura Corp.	686,369		5,037,949
Eastman Chemical Company	126,838		7,921,033
Valspar Corp.	103,100		2,045,504
			15,004,486
Containers & Glass - 4.21%
Ball Corp.	190,178		8,736,777
Pactiv Corp. *	317,327		8,317,141
			17,053,918
Crude Petroleum & Natural Gas - 2.00%
EOG Resources, Inc.	67,485		8,098,200
Domestic Oil - 1.94%
Range Resources Corp.	123,800		7,855,110
Electrical Equipment - 1.11%
Hubbell, Inc., Class B	102,563		4,480,977
Electrical Utilities - 7.27%
Ameren Corp.	226,958		9,995,230
CMS Energy Corp.	626,877		8,487,915
Northeast Utilities	386,879		9,494,011
Puget Energy, Inc.	58,643		1,517,094
			29,494,250
Food & Beverages - 5.26%
Coca-Cola Enterprises, Inc.	375,544		9,088,165
Dean Foods Company *	285,100		5,727,659
Smithfield Foods, Inc. *	253,504		6,530,263
			21,346,087

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

249

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Gas & Pipeline Utilities - 4.55%
NiSource, Inc.	605,449	$	10,437,941
Southwest Gas Corp.	69,255		1,936,370
Transocean, Inc. *	44,851		6,063,855
			18,438,166
Healthcare Products - 1.24%
Covidien, Ltd.	113,305		5,013,746
Healthcare Services - 0.93%
Healthsouth Corp. * (a)	211,115		3,755,736
Hotels & Restaurants - 1.22%
Brinker International, Inc.	266,752		4,948,250
Household Products - 0.49%
Newell Rubbermaid, Inc.	87,521		2,001,605
Industrial Machinery - 1.81%
Cummins, Inc.	84,632		3,962,470
W.W. Grainger, Inc.	44,312		3,384,994
			7,347,464
Insurance - 4.93%
ACE, Ltd.	99,437		5,475,001
Aetna, Inc.	22,572		950,056
Conseco, Inc. *	566,837		5,781,737
PartnerRe, Ltd.	102,285		7,804,346
			20,011,140
Internet Software - 3.12%
McAfee, Inc. *	353,546		11,698,837
Openwave Systems, Inc. *	386,800		947,660
			12,646,497
Manufacturing - 2.29%
Pentair, Inc.	53,700		1,713,030
Snap-on, Inc.	149,066		7,580,006
			9,293,036
Metal & Metal Products - 1.85%
Timken Company	252,056		7,491,104
Office Furnishings & Supplies - 1.63%
OfficeMax, Inc.	345,755		6,617,751
Paper - 2.07%
AbitibiBowater, Inc. *	301,826		3,896,574
MeadWestvaco Corp.	164,921		4,489,149
			8,385,723
Petroleum Services - 1.89%
Halliburton Company	194,606		7,653,854
Pharmaceuticals - 4.56%
King Pharmaceuticals, Inc. *	915,671		7,966,338
Mylan, Inc. * (a)	907,512		10,527,139
			18,493,477
Publishing - 1.08%
Gannett Company, Inc.	95,900		2,785,895
Idearc, Inc. (a)	438,600		1,596,504
			4,382,399
Retail Grocery - 2.95%
Safeway, Inc.	206,027		6,046,892

Mid Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Grocery (continued)
The Kroger Company		232,700	$	5,910,580
				11,957,472
Retail Trade - 2.03%
Foot Locker, Inc.		340,474		4,007,379
Macy's, Inc.		183,448		4,230,311
				8,237,690
Sanitary Services - 1.29%
Allied Waste Industries, Inc. *		482,900		5,220,149
Software - 1.57%
Sybase, Inc. *		242,744		6,384,167
Telecommunications Equipment &
Services - 8.79%
ADC Telecommunications, Inc. *		424,053		5,122,560
Embarq Corp.		284,200		11,396,420
JDS Uniphase Corp. *		1,024,225		13,714,373
Tellabs, Inc. *		992,500		5,409,125
				35,642,478
Telephone - 6.60%
CenturyTel, Inc.		195,447		6,496,658
Qwest Communications International, Inc. (a)		2,576,012		11,669,335
Windstream Corp.		719,600		8,599,220
				26,765,213
Tires & Rubber - 1.33%
Goodyear Tire & Rubber Company *		208,300		5,374,140
TOTAL COMMON STOCKS (Cost $466,000,607)			$	389,687,272
SHORT TERM INVESTMENTS - 7.45%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	30,215,292	$	30,215,292
TOTAL SHORT TERM INVESTMENTS
(Cost $30,215,292)			$	30,215,292
REPURCHASE AGREEMENTS - 3.77%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$15,288,679 on 04/01/2008,
collateralized by $14,510,000
Federal Home Loan Mortgage
Corp., 5.00% due 01/02/2015
(valued at $15,598,250, including
interest)	$	15,288,000	$	15,288,000
TOTAL REPURCHASE AGREEMENTS
(Cost $15,288,000)			$	15,288,000
Total Investments (Mid Cap Value Trust)
(Cost $511,503,899) - 107.32%			$	435,190,564
Liabilities in Excess of Other Assets - (7.32)%				(29,687,728)
TOTAL NET ASSETS - 100.00%			$	405,502,836

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

250

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Equity Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.51%
Advertising - 0.50%
Interpublic Group of Companies, Inc. *	68,225	$	573,772
Aerospace - 1.71%
Goodrich Corp.	28,224		1,623,162
Spirit Aerosystems Holdings, Inc., Class A *	14,267		316,442
			1,939,604
Agriculture - 1.11%
The Mosaic Company *	12,349		1,267,007
Air Travel - 1.26%
AMR Corp. *	29,074		262,248
Continental Airlines, Inc., Class B *	15,229		292,854
Delta Air Lines, Inc. *	25,357		218,070
Northwest Airlines Corp. *	25,561		229,793
UAL Corp. *	7,270		156,523
US Airways Group, Inc. *	30,712		273,644
			1,433,132
Apparel & Textiles - 1.99%
Liz Claiborne, Inc.	20,912		379,553
Mohawk Industries, Inc. * (a)	8,074		578,179
VF Corp.	16,870		1,307,594
			2,265,326
Auto Parts - 2.29%
ArvinMeritor, Inc.	48,357		604,946
Genuine Parts Company	6,464		259,982
Johnson Controls, Inc.	14,651		495,204
Magna International, Inc., Class A	7,977		575,541
WABCO Holdings, Inc.	14,784		674,446
			2,610,119
Automobiles - 3.01%
Ford Motor Company * (a)	477,749		2,732,724
General Motors Corp. (a)	36,160		688,848
			3,421,572
Building Materials & Construction - 0.61%
Chicago Bridge & Iron Company N.V.	17,574		689,604
Business Services - 2.98%
Computer Sciences Corp. *	21,076		859,690
Deluxe Corp.	15,768		302,903
Dun & Bradstreet Corp.	4,454		362,466
Electronic Data Systems Corp.	49,818		829,470
Fluor Corp.	5,500		776,380
Pitney Bowes, Inc.	7,484		262,090
			3,392,999
Chemicals - 3.75%
Eastman Chemical Company	29,489		1,841,588
Lubrizol Corp.	20,249		1,124,022
PPG Industries, Inc.	21,465		1,298,847
			4,264,457
Construction & Mining Equipment - 0.46%
National Oilwell Varco, Inc. *	9,017		526,412
Construction Materials - 1.47%
Trane, Inc.	26,990		1,238,841

Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Construction Materials (continued)
USG Corp. * (a)	11,869	$	437,017
			1,675,858
Crude Petroleum & Natural Gas - 5.84%
Chesapeake Energy Corp.	14,799		682,974
Hess Corp.	6,053		533,753
Newfield Exploration Company *	29,491		1,558,599
Pioneer Natural Resources Company	26,352		1,294,410
Southwestern Energy Company *	60,378		2,034,135
Sunoco, Inc.	10,280		539,392
			6,643,263
Electrical Equipment - 1.66%
A.O. Smith Corp.	16,260		534,466
Cooper Industries, Ltd., Class A	33,768		1,355,785
			1,890,251
Electrical Utilities - 1.00%
Consolidated Edison, Inc.	7,021		278,734
DTE Energy Company	7,255		282,147
Mirant Corp. *	8,258		300,509
Pinnacle West Capital Corp.	7,867		275,974
			1,137,364
Electronics - 2.31%
Agilent Technologies, Inc. *	28,076		837,507
Celestica, Inc. *	123,446		829,557
Flextronics International, Ltd. *	102,465		962,147
			2,629,211
Energy - 2.04%
Energy East Corp.	16,545		399,065
McDermott International, Inc. *	13,485		739,248
Sempra Energy	22,078		1,176,316
			2,314,629
Financial Services - 0.28%
Invesco, Ltd.	13,153		320,407
Forest Products - 0.80%
Rayonier, Inc.	20,928		909,112
Gas & Pipeline Utilities - 3.85%
El Paso Corp.	70,505		1,173,203
Enbridge, Inc. (a)	38,956		1,603,429
NiSource, Inc.	16,199		279,271
Questar Corp.	5,889		333,082
Transocean, Inc. *	7,316		989,123
			4,378,108
Healthcare Services - 0.34%
McKesson Corp.	7,328		383,767
Holdings Companies/Conglomerates - 1.24%
Loews Corp.	19,843		798,085
Textron, Inc.	11,114		615,938
			1,414,023
Homebuilders - 0.49%
Centex Corp.	6,025		145,865
D.R. Horton, Inc.	9,468		149,121
KB Home	5,877		145,338

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

251

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Homebuilders (continued)
Pulte Homes, Inc.	8,317	$	121,013
			561,337
Household Appliances - 1.01%
Whirlpool Corp.	13,271		1,151,657
Industrial Machinery - 6.74%
AGCO Corp. *	42,176		2,525,499
Cameron International Corp. *	31,238		1,300,750
Cummins, Inc.	11,871		555,800
Ingersoll-Rand Company, Ltd., Class A	39,751		1,772,100
Terex Corp. *	7,007		437,938
The Manitowoc Company, Inc.	26,478		1,080,302
			7,672,389
Insurance - 11.68%
ACE, Ltd.	31,131		1,714,073
Ambac Financial Group, Inc. (a)	9,345		53,734
Aon Corp.	50,938		2,047,708
Axis Capital Holdings, Ltd.	31,593		1,073,530
Everest Re Group, Ltd.	29,235		2,617,409
Lincoln National Corp.	12,160		632,320
Marsh & McLennan Companies, Inc.	21,112		514,077
MBIA, Inc.	14,339		175,223
PartnerRe, Ltd.	31,129		2,375,143
Willis Group Holdings, Ltd.	18,382		617,819
XL Capital, Ltd., Class A	49,748		1,470,053
			13,291,089
International Oil - 1.44%
Nabors Industries, Ltd. *	11,452		386,734
Weatherford International, Ltd. *	17,189		1,245,687
			1,632,421
Internet Software - 0.84%
McAfee, Inc. *	28,907		956,533
Leisure Time - 3.56%
National Cinemedia, Inc.	39,940		897,851
Regal Entertainment Group, Class A (a)	52,568		1,014,037
Royal Caribbean Cruises, Ltd. (a)	64,833		2,133,006
			4,044,894
Manufacturing - 4.48%
Eaton Corp.	31,680		2,523,946
Reddy Ice Holdings, Inc.	18,896		246,215
Rockwell Automation, Inc.	13,728		788,262
Stanley Works	32,186		1,532,697
			5,091,120
Metal & Metal Products - 0.15%
Timken Company	5,768		171,425
Mining - 1.05%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	12,351		1,188,413
Paper - 0.79%
MeadWestvaco Corp.	32,978		897,661
Petroleum Services - 2.32%
BJ Services Company	57,421		1,637,073
ENSCO International, Inc.	5,680		355,682

Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services (continued)
Smith International, Inc.	10,005	$	642,621
			2,635,376
Pharmaceuticals - 1.54%
Hospira, Inc. *	7,052		301,614
King Pharmaceuticals, Inc. *	33,591		292,242
Mylan, Inc. * (a)	100,269		1,163,120
			1,756,976
Photography - 0.58%
Eastman Kodak Company	37,288		658,879
Railroads & Equipment - 2.55%
CSX Corp.	29,674		1,663,821
Kansas City Southern *	30,746		1,233,222
			2,897,043
Real Estate - 2.21%
Boston Properties, Inc., REIT	3,282		302,174
Equity Residential, REIT	21,666		898,922
Simon Property Group, Inc., REIT	8,827		820,116
The St. Joe Company, REIT (a)	11,346		487,084
			2,508,296
Retail Trade - 5.30%
Bed Bath & Beyond, Inc. *	31,616		932,672
Family Dollar Stores, Inc.	65,319		1,273,720
J.C. Penney Company, Inc.	3,958		149,256
Kohl's Corp. *	27,768		1,190,970
Macy's, Inc.	52,611		1,213,210
Nordstrom, Inc.	4,690		152,894
Ritchie Brothers Auctioneers, Inc. (a)	13,624		1,118,803
			6,031,525
Sanitary Services - 0.07%
Insituform Technologies, Inc., Class A * (a)	5,915		81,804
Semiconductors - 4.54%
Intersil Corp., Class A	33,309		855,042
LSI Logic Corp. *	182,757		904,647
Maxim Integrated Products, Inc.	43,503		887,026
Microchip Technology, Inc.	29,844		976,794
Micron Technology, Inc. *	112,685		672,730
National Semiconductor Corp.	47,525		870,658
			5,166,897
Software - 0.96%
BMC Software, Inc. *	33,567		1,091,599
Steel - 0.76%
Nucor Corp.	12,737		862,804
Telecommunications Equipment &
Services - 0.45%
Tellabs, Inc. *	94,584		515,483
Telephone - 1.57%
CenturyTel, Inc.	16,556		550,322
Qwest Communications International, Inc.	139,198		630,567
Windstream Corp.	50,896		608,207
			1,789,096

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

252

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Tires & Rubber - 0.42%
Goodyear Tire & Rubber Company *		18,456	$	476,165
Tobacco - 2.09%
Loews Corp. - Carolina Group		29,153		2,115,050
Reynolds American, Inc. (a)		4,421		260,972
				2,376,022
Toys, Amusements & Sporting Goods - 0.42%
Hasbro, Inc.		17,261		481,582
TOTAL COMMON STOCKS (Cost $117,751,031)			$	112,068,483
CONVERTIBLE BONDS - 0.26%
Telephone - 0.26%
Qwest Communications International, Inc.
3.50% due 11/15/2025		289,000		296,947
TOTAL CONVERTIBLE BONDS (Cost $390,873)			$	296,947
SHORT TERM INVESTMENTS - 11.66%
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008	$	1,100,000	$	1,100,000
John Hancock Cash
Investment Trust, 3.0622% (c)(f)		12,166,115		12,166,115
TOTAL SHORT TERM INVESTMENTS
(Cost $13,266,115)			$	13,266,115
Total Investments (Mid Cap Value Equity Trust)
(Cost $131,408,019) - 110.43%			$	125,631,545
Liabilities in Excess of Other Assets - (10.43)%				(11,863,119)
TOTAL NET ASSETS - 100.00%			$	113,768,426
Mid Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 90.57%
Advertising - 0.10%
Lamar Advertising Company, Class A * (a)		4,600	$	165,278
Aerospace - 0.32%
Raytheon Company		8,000		516,880
Air Travel - 1.84%
Southwest Airlines Company		237,200		2,941,280
Aluminum - 0.68%
Alcoa, Inc.		30,100		1,085,406
Apparel & Textiles - 0.42%
Cintas Corp.		23,800		679,252
Auto Parts - 0.74%
TRW Automotive Holdings Corp. *		50,800		1,187,196
Auto Services - 0.10%
Hertz Global Holdings, Inc. *		13,600		164,016
Banking - 6.66%
Commerce Bancshares, Inc.		40,378		1,697,087
Cullen Frost Bankers, Inc.		10,500		556,920
First Horizon National Corp. (a)		63,100		884,031

Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
First Niagara Financial Group, Inc.	89,600	$	1,217,664
Northern Trust Corp.	29,800		1,980,806
Valley National Bancorp (a)	36,874		708,350
WestAmerica Bancorp (a)	32,300		1,698,980
Wilmington Trust Corp.	61,900		1,925,090
			10,668,928
Biotechnology - 0.18%
Affymetrix, Inc. * (a)	8,700		151,467
Neurocrine Biosciences, Inc. * (a)	24,300		131,220
			282,687
Broadcasting - 0.57%
Cox Radio, Inc., Class A *	22,500		267,300
Discovery Holding Company *	25,600		543,232
XM Satellite Radio Holdings, Inc., Class A *	9,200		106,904
			917,436
Building Materials & Construction - 0.30%
Owens Corning, Inc. * (a)	26,100		473,193
Business Services - 2.76%
Automatic Data Processing, Inc.	26,400		1,119,096
Cadence Design Systems, Inc. *	96,300		1,028,484
Equifax, Inc.	20,100		693,048
H & R Block, Inc.	6,700		139,092
Manpower, Inc.	1,200		67,512
Total Systems Services, Inc.	58,186		1,376,681
			4,423,913
Cable & Television - 3.59%
DISH Network Corp. *	38,700		1,111,851
E.W. Scripps Company, Class A (a)	85,200		3,579,252
Time Warner Cable, Inc. *	42,400		1,059,152
			5,750,255
Cellular Communications - 1.63%
Motorola, Inc.	168,200		1,564,260
Telephone & Data Systems, Inc. - Special
Shares	15,400		574,420
Telephone & Data Systems, Inc.	12,000		471,240
			2,609,920
Computers & Business Equipment - 1.10%
Seagate Technology	51,600		1,080,504
Sun Microsystems, Inc. *	43,475		675,167
			1,755,671
Construction Materials - 0.73%
Louisiana-Pacific Corp.	127,000		1,165,860
Cosmetics & Toiletries - 1.14%
Alberto-Culver Company	66,400		1,820,024
Crude Petroleum & Natural Gas - 2.91%
Cimarex Energy Company	49,700		2,720,578
Compton Petroleum Corp. *	37,600		416,984
Forest Oil Corp. *	16,500		807,840
Hess Corp.	8,100		714,258
			4,659,660
Educational Services - 0.83%
Apollo Group, Inc., Class A *	10,600		457,920

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

253

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Educational Services (continued)
Career Education Corp. * (a)	68,900	$	876,408
			1,334,328
Electrical Equipment - 1.08%
Molex, Inc.	79,300		1,733,498
Electrical Utilities - 6.08%
Ameren Corp.	23,300		1,026,132
Dynegy, Inc., Class A *	164,300		1,296,327
Mirant Corp. *	63,900		2,325,321
Pinnacle West Capital Corp.	65,700		2,304,756
PNM Resources, Inc.	36,500		455,155
Teco Energy, Inc.	146,500		2,336,675
			9,744,366
Electronics - 1.60%
AVX Corp.	112,000		1,434,720
Tyco Electronics, Ltd.	32,700		1,122,264
			2,556,984
Energy - 0.65%
Duke Energy Corp.	58,700		1,047,795
Financial Services - 4.44%
Discover Financial Services	125,500		2,054,435
Janus Capital Group, Inc.	76,900		1,789,463
Legg Mason, Inc.	25,500		1,427,490
SLM Corp. *	83,000		1,274,050
Synovus Financial Corp.	50,800		561,848
			7,107,286
Food & Beverages - 6.19%
Coca-Cola Enterprises, Inc.	124,800		3,020,160
ConAgra Foods, Inc.	41,000		981,950
Hershey Company	60,700		2,286,569
McCormick & Company, Inc.	21,400		791,158
Sara Lee Corp.	33,600		469,728
Sysco Corp.	52,300		1,517,746
Tootsie Roll Industries, Inc. (a)	33,681		848,761
			9,916,072
Forest Products - 0.84%
Weyerhaeuser Company	20,600		1,339,824
Gas & Pipeline Utilities - 2.05%
NiSource, Inc.	143,500		2,473,940
Spectra Energy Corp.	35,850		815,588
			3,289,528
Healthcare Products - 3.13%
Boston Scientific Corp. *	163,200		2,100,384
St. Jude Medical, Inc. *	22,200		958,818
Zimmer Holdings, Inc. *	25,100		1,954,286
			5,013,488
Healthcare Services - 3.58%
Health Net, Inc. *	13,000		400,400
Healthsouth Corp. * (a)	109,560		1,949,072
Lincare Holdings, Inc. *	67,200		1,888,992
Weight Watchers International, Inc.	32,450		1,503,409
			5,741,873

Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Products - 0.69%
Clorox Company	13,800	$	781,632
Newell Rubbermaid, Inc.	14,500		331,615
			1,113,247
Industrial Machinery - 0.32%
Dover Corp.	12,400		518,072
Insurance - 6.82%
Axis Capital Holdings, Ltd.	36,000		1,223,280
Cincinnati Financial Corp.	58,600		2,229,144
First American Corp.	27,000		916,380
Marsh & McLennan Companies, Inc.	71,500		1,741,025
OneBeacon Insurance Group, Ltd.	35,600		677,112
Progressive Corp.	79,600		1,279,172
The Travelers Companies, Inc.	16,217		775,983
Willis Group Holdings, Ltd.	62,000		2,083,820
			10,925,916
International Oil - 2.31%
Murphy Oil Corp.	45,000		3,696,300
Internet Retail - 0.41%
Expedia, Inc. *	29,800		652,322
Leisure Time - 1.50%
Brunswick Corp.	74,300		1,186,571
Electronic Arts, Inc. *	24,500		1,223,040
			2,409,611
Life Sciences - 0.88%
Waters Corp. *	25,300		1,409,210
Liquor - 0.33%
Brown Forman Corp., Class B	8,100		536,382
Medical-Hospitals - 0.09%
Universal Health Services, Inc., Class B	2,700		144,963
Mining - 0.37%
Franco-Nevada Corp. *	21,000		414,292
Gold Fields, Ltd., SADR	12,400		171,492
			585,784
Paper - 2.51%
Domtar Corp. *	112,100		765,643
International Paper Company	99,300		2,700,960
Smurfit-Stone Container Corp. *	72,200		555,940
			4,022,543
Petroleum Services - 3.37%
Baker Hughes, Inc.	10,600		726,100
BJ Services Company	62,000		1,767,620
Exterran Holdings, Inc. *	28,902		1,865,335
Petro-Canada (a)	24,000		1,041,840
			5,400,895
Pharmaceuticals - 1.78%
Barr Pharmaceuticals, Inc. *	3,400		164,254
OSI Pharmaceuticals, Inc. *	23,900		893,621
Sepracor, Inc. *	56,500		1,102,880
Valeant Pharmaceuticals International * (a)	53,900		691,537
			2,852,292

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

254

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Photography - 0.49%
Eastman Kodak Company (a)	44,500	$	786,315
Publishing - 2.01%
Meredith Corp.	38,000		1,453,500
Scholastic Corp. *	54,300		1,643,661
The New York Times Company, Class A (a)	6,700		126,496
			3,223,657
Real Estate - 1.06%
The St. Joe Company, REIT (a)	39,600		1,700,028
Retail Trade - 3.16%
Dillard's, Inc., Class A (a)	74,600		1,283,866
Family Dollar Stores, Inc.	42,600		830,700
The Gap, Inc.	122,000		2,400,960
The TJX Companies, Inc.	16,800		555,576
			5,071,102
Sanitary Services - 1.56%
Allied Waste Industries, Inc. *	68,950		745,344
Nalco Holding Company	83,300		1,761,795
			2,507,139
Semiconductors - 2.95%
Fairchild Semiconductor International, Inc. *	111,200		1,325,504
Novellus Systems, Inc. *	50,400		1,060,920
QLogic Corp. *	48,300		741,405
Teradyne, Inc. *	117,500		1,459,350
Xilinx, Inc.	6,100		144,875
			4,732,054
Software - 0.09%
Autodesk, Inc. *	4,800		151,104
Telecommunications Equipment &
Services - 0.45%
Alcatel-Lucent, SADR	124,300		715,968
Toys, Amusements & Sporting Goods - 1.18%
Mattel, Inc.	95,200		1,894,480
TOTAL COMMON STOCKS (Cost $154,035,610)		$	145,141,281
CORPORATE BONDS - 2.14%
Financial Services - 1.03%
AngloGold Ashanti Holdings PLC, Series REGS
2.375% due 02/27/2009	1,700,000		1,651,550
Mining - 1.11%
Newmont Mining Corp.
1.625% due 07/15/2017	1,453,000		1,774,476
TOTAL CORPORATE BONDS (Cost $3,589,349)		$	3,426,026
CONVERTIBLE BONDS - 1.46%
Mining - 0.34%
Newmont Mining Corp.
1.625% due 07/15/2017 (g)	446,000		544,678

Mid Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CONVERTIBLE BONDS (continued)
Telecommunications Equipment &
Services - 1.12%
Lucent Technologies Inc., Series B
2.75% due 06/15/2025	$	2,343,000	$	1,798,252
TOTAL CONVERTIBLE BONDS (Cost $2,839,193)			$	2,342,930
SHORT TERM INVESTMENTS - 15.74%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	16,731,575	$	16,731,575
T. Rowe Price Reserve Investment Fund (c)		8,495,256		8,495,256
TOTAL SHORT TERM INVESTMENTS
(Cost $25,226,831)			$	25,226,831
REPURCHASE AGREEMENTS - 1.25%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$2,000,089 on 04/01/2008,
collateralized by $2,035,000
Federal Farm Credit Bank, 3.90%
due 03/20/2013 (valued at
$2,040,088, including interest)	$	2,000,000	$	2,000,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,000,000)			$	2,000,000
Total Investments (Mid Value Trust)
(Cost $187,690,983) - 111.16%			$	178,137,068
Liabilities in Excess of Other Assets - (11.16)%				(17,882,167)
TOTAL NET ASSETS - 100.00%			$	160,254,901
Money Market Trust
		Shares or
		Principal
		Amount		Value
COMMERCIAL PAPER - 19.55%
Banking - 7.53%
Bank of America Corp.
zero coupon due 04/07/2008		60,000,000	$	59,974,000
Bank Scotland PLC
zero coupon due 04/07/2008		60,000,000		59,971,200
BNP Paribas Finance, Inc.
zero coupon due 04/01/2008 to
04/10/2008		54,200,000		54,179,874
Lloyds Bank PLC
zero coupon due 04/11/2008		50,000,000		49,964,028
National Australia Funding Delaware, Inc.
zero coupon due 04/07/2008		44,555,000		44,538,440
				268,627,542
Financial Services - 12.02%
Danske Corp.
zero coupon due 04/01/2008 to
04/11/2008		105,000,000		104,943,900
General Electric Capital Corp.
zero coupon due 04/07/2008 to
04/08/2008		105,000,000		104,958,742
Siemens Capital Company LLC
zero coupon due 04/02/2008		75,000,000		74,995,208

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

255

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Money Market Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMERCIAL PAPER (continued)
Financial Services (continued)
State Street Corp.
zero coupon due 04/07/2008	75,000,000	$	74,970,000
UBS Finance Delaware LLC
zero coupon due 04/07/2008 to
04/23/2008	69,400,000		69,343,959
			429,211,809
TOTAL COMMERCIAL PAPER (Cost $697,839,351)		$	697,839,351
U.S. GOVERNMENT AGENCY OBLIGATIONS - 56.44%
Federal Home Loan Bank - 14.41%
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008 to
05/05/2008	514,689,000		514,265,008
Federal Home Loan Mortgage Corp. - 20.33%
Federal Home Loan Mortgage Corp. Discount Notes
zero coupon due 04/01/2008 to
05/05/2008	726,181,000		725,657,726
Federal National Mortgage
Association - 21.70%
Federal National Mortgage Association Discount
Notes
zero coupon due 04/01/2008 to
05/01/2008	774,794,000		774,210,998
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $2,014,133,732)		$	2,014,133,732
U.S. TREASURY OBLIGATIONS - 24.34%
U.S. Treasury - 24.34%
U.S. Treasury Bills
zero coupon due 04/17/2008 to
07/17/2008	872,000,000		868,502,501
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $868,502,501)		$	868,502,501
Total Investments (Money Market Trust)
(Cost $3,580,475,584) - 100.33%		$	3,580,475,584
Liabilities in Excess of Other Assets - (0.33)%			(11,781,670)
TOTAL NET ASSETS - 100.00%		$	3,568,693,914
Money Market Trust B
	Shares or
	Principal
	Amount		Value
COMMERCIAL PAPER - 22.67%
Banking - 9.01%
Bank of America Corp.
zero coupon due 04/07/2008	15,000,000	$	14,993,500
Lloyds Bank PLC
zero coupon due 04/01/2008 to
04/11/2008	27,362,000		27,351,208
UBS Finance Delaware LLC
zero coupon due 04/10/2008	15,000,000		14,991,000
			57,335,708

Money Market Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMERCIAL PAPER (continued)
Financial Services - 13.66%
Abbey National North America LLC
zero coupon due 04/10/2008	15,000,000	$	14,991,638
BNP Paribas Finance, Inc.
zero coupon due 04/01/2008	15,000,000		15,000,000
Danske Corp.
zero coupon due 04/03/2008	15,000,000		14,997,800
General Electric Capital Corp.
zero coupon due 04/02/2008	12,000,000		11,999,243
Siemens Capital Company LLC
zero coupon due 04/03/2008	15,000,000		14,998,083
State Street Corp.
zero coupon due 04/04/2008	15,000,000		14,997,163
			86,983,927
TOTAL COMMERCIAL PAPER (Cost $144,319,635)		$	144,319,635
U.S. GOVERNMENT AGENCY OBLIGATIONS - 52.66%
Federal Home Loan Bank - 19.29%
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008 to
04/28/2008	122,874,000		122,798,277
Federal Home Loan Mortgage Corp. - 14.17%
Federal Home Loan Mortgage Corp. Discount Notes
zero coupon due 04/01/2008 to
04/30/2008	90,319,000		90,212,587
Federal National Mortgage
Association - 19.20%
Federal National Mortgage Association Discount
Notes
zero coupon due 04/01/2008 to
05/02/2008	122,363,000		122,250,299
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $335,261,163)		$	335,261,163
U.S. TREASURY OBLIGATIONS - 24.68%
U.S. Treasury - 24.68%
U.S. Treasury Bills
zero coupon due 04/10/2008 to
07/17/2008	157,890,000		157,153,522
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $157,153,522)		$	157,153,522
Total Investments (Money Market Trust B)
(Cost $636,734,320) - 100.01%		$	636,734,320
Liabilities in Excess of Other Assets - (0.01)%			(69,998)
TOTAL NET ASSETS - 100.00%		$	636,664,322
Mutual Shares Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 91.36%
Belgium - 0.00%
Fortis, Strip VVPR *	59,778	$	944

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

256

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Bermuda - 1.67%
SeaDrill, Ltd., GDR	116,708	$	3,143,867
Tyco Electronics, Ltd.	107,053		3,674,059
			6,817,926
Canada - 0.48%
ACE Aviation Holdings, Inc. *	52,864		1,084,113
MDS, Inc. *	45,361		883,842
			1,967,955
Denmark - 2.07%
A P Moller Maersk AS	303		3,399,694
Carlsberg AS, B Shares	9,907		1,270,644
Danske Bank AS	101,793		3,770,058
			8,440,396
France - 4.15%
Carrefour SA	54,315		4,191,017
Groupe DANONE	26,216		2,344,140
Pernod-Ricard SA	40,788		4,202,480
Sanofi-Aventis SA	17,981		1,348,625
Societe Generale NV - New Shares *	4,332		416,846
Societe Generale	19,458		1,903,944
Suez SA	4,318		283,032
Total SA	30,923		2,290,896
			16,980,980
Germany - 5.33%
Allianz AG	12,887		2,548,212
DaimlerChrysler AG	28,327		2,421,293
Deutsche Post AG	145,723		4,450,472
E.ON AG	10,225		1,891,891
Linde AG	19,608		2,762,195
RWE AG	25,867		3,179,560
Siemens AG	41,713		4,523,808
			21,777,431
Hong Kong - 0.19%
Link, REIT	343,449		765,305
Italy - 0.82%
Banco Popolare Scarl *	81,353		1,348,873
Intesa Sanpaolo SpA	285,691		2,015,578
			3,364,451
Japan - 1.03%
Japan Tobacco, Inc.	617		3,086,539
Mitsubishi UFJ Financial Group, Inc.	81,429		712,327
Sumitomo Mitsui Financial Group, Inc.	63		418,497
			4,217,363
Netherlands - 4.62%
DSM NV	22,191		1,070,062
Fortis	263,157		6,606,943
Koninklijke (Royal) KPN NV	116,055		1,959,192
Koninklijke (Royal) Philips Electronics NV	90,718		3,472,662
Royal Dutch Shell PLC, A Shares	119,988		4,138,284
TNT Post Group NV	43,957		1,630,591
			18,877,734
Norway - 1.52%
Orkla ASA	488,935		6,220,790

Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Singapore - 0.56%
Keppel Corp., Ltd.	316,898	$	2,306,882
South Korea - 0.79%
KT&G Corp.	41,022		3,221,937
Spain - 0.81%
Iberdrola SA	57,195		884,574
Telefonica SA	84,943		2,440,582
			3,325,156
Sweden - 0.61%
Ericsson LM, Series B	749,928		1,471,206
SKF AB, B Shares *	7,389		148,767
Swedbank AB, A shares	29,564		829,162
Telefonaktiebolaget LM Ericsson, SADR	2,204		43,309
			2,492,444
Switzerland - 2.75%
Nestle SA	13,162		6,578,925
Novartis AG	48,074		2,466,870
Zurich Financial Services AG	7,000		2,206,458
			11,252,253
United Kingdom - 5.97%
Anglo American PLC	22,017		1,319,731
BP PLC	135,297		1,370,786
British American Tobacco PLC	246,328		9,252,050
Cadbury Schweppes PLC	401,101		4,421,162
Imperial Tobacco Group PLC	139,856		6,440,185
Mondi, Ltd.	1,057		9,011
WPP Group PLC	134,101		1,600,977
			24,413,902
United States - 57.99%
Alcoa, Inc.	76,949		2,774,781
Alexander's, Inc., REIT *	6,924		2,454,558
Alleghany Corp. *	5,586		1,907,455
Alliance Data Systems Corp. *	38,675		1,837,449
Altria Group, Inc.	109,933		2,440,513
American Express Company	2,100		91,812
American International Group, Inc.	56,548		2,445,701
ArcelorMittal	22,453		1,839,024
BEA Systems, Inc. *	174,386		3,339,492
Beazer Homes USA, Inc.	39,751		375,647
Berkshire Hathaway, Inc., Class B *	2,397		10,721,541
Bristol-Myers Squibb Company	82,639		1,760,211
Brown Forman Corp., Class B	14,817		981,182
Cablevision Systems Corp., Class A *	55,241		1,183,815
Centennial Bank Holdings, Inc. *	21,927		137,702
Cerberus Investors I LLC *	337,200		238,266
Cerberus Investors II LLC *	337,200		238,266
Cerberus Investors III LLC *	168,600		119,133
Clear Channel Communications, Inc.	51,650		1,509,213
Coca-Cola Enterprises, Inc.	171,642		4,153,736
Comcast Corp., Special Class A *	421,964		8,004,657
Community Health Systems, Inc. *	58,797		1,973,815
Conseco, Inc. *	99,571		1,015,624
Constellation Energy Group, Inc.	59,605		5,261,333
Covidien, Ltd.	83,758		3,706,292
CVS Caremark Corp.	163,075		6,606,168

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

257

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United States (continued)
Dana Holding Corp. *	1,455	$	14,550
Dell, Inc. *	243,646		4,853,428
Diebold, Inc.	35,670		1,339,408
Domtar Corp. *	345,237		2,357,969
Eastman Kodak Company	18,900		333,963
Embarq Corp.	32,030		1,284,403
Energy East Corp.	78,036		1,882,228
Exelon Corp.	27,173		2,208,350
Federal Signal Corp.	70,426		983,147
Forestar Real Estate Group, Inc. *	25,865		644,305
GenCorp, Inc. *	36,508		375,667
General Mills, Inc.	27,922		1,671,969
General Motors Corp.	190,511		3,629,235
Goodyear Tire & Rubber Company *	91,765		2,367,537
Guaranty Financial Group, Inc. *	29,925		317,807
H & R Block, Inc.	89,558		1,859,224
Harley-Davidson, Inc.	45,402		1,702,575
Hartford Financial Services Group, Inc.	13,933		1,055,703
Hillenbrand Industries, Inc.	30,426		1,454,363
Home Depot, Inc.	178,988		5,006,294
Hudson City Bancorp, Inc.	3,036		53,676
Huntsman Corp.	93,097		2,192,434
International Paper Company	200,473		5,452,866
Kraft Foods, Inc., Class A	133,882		4,151,681
Lear Corp. *	54,170		1,403,545
Legg Mason, Inc.	15,048		842,387
Lexmark International, Inc. *	27,796		853,893
Liberty Media Corp. - Entertainment, Series A *	109,632		2,482,068
Liberty Media Corp., Capital, Series A *	24,880		391,611
LSI Logic Corp. *	523,618		2,591,909
Mattel, Inc.	248,194		4,939,061
Maxim Integrated Products, Inc.	98,001		1,998,240
MeadWestvaco Corp.	35,304		960,975
Microsoft Corp.	232,432		6,596,420
Motorola, Inc.	409,488		3,808,238
NAVTEQ Corp. *	17,092		1,162,256
News Corp., Class A	476,090		8,926,688
Northwest Airlines Corp. *	58,458		525,537
NorthWestern Corp.	6,937		169,055
Old Republic International Corp.	127,524		1,646,335
Owens Corning, Inc. *	66,897		1,212,843
Penn National Gaming, Inc. *	8,614		376,690
Pfizer, Inc.	245,632		5,141,078
Philip Morris International, Inc. *	109,933		5,560,411
Prudential Financial, Inc.	30,138		2,358,298
Quest Diagnostics, Inc.	54,320		2,459,066
Reynolds American, Inc.	95,320		5,626,740
SLM Corp. *	155,205		2,382,397
Sovereign Bancorp, Inc.	42,264		393,900
Sprint Nextel Corp.	212,899		1,424,294
Temple-Inland, Inc.	82,847		1,053,814
Tenet Healthcare Corp. *	543,830		3,078,078
The Kroger Company	144,693		3,675,202
The St. Joe Company, REIT	22,962		985,759
The Travelers Companies, Inc.	27,815		1,330,948
Time Warner Cable, Inc. *	48,524		1,212,130

Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United States (continued)
Time Warner, Inc.	320,546	$	4,494,055
Transocean, Inc. *	11,301		1,527,895
Tyco International, Ltd.	76,314		3,361,632
U.S. Bancorp	182,334		5,900,328
Valeant Pharmaceuticals International *	71,859		921,951
Ventas, Inc., REIT	21,105		947,826
Verizon Communications, Inc.	16,938		617,390
Viacom, Inc., Class B *	103,778		4,111,684
Virgin Media, Inc.	154,159		2,169,017
Wal-Mart Stores, Inc.	114,795		6,047,401
Washington Mutual, Inc.	155,519		1,601,846
Watson Pharmaceuticals, Inc. *	20,513		601,441
Weyerhaeuser Company	49,791		3,238,407
White Mountains Insurance Group, Ltd.	15,623		7,499,040
Wyndham Worldwide Corp.	39,748		821,989
Yahoo!, Inc. *	47,026		1,360,462
			237,102,398
TOTAL COMMON STOCKS (Cost $414,332,094)		$	373,546,247
PREFERRED STOCKS - 0.00%
United States - 0.00%
Dana Corp., Series B *	150		13,537
TOTAL PREFERRED STOCKS (Cost $15,000)		$	13,537
CORPORATE BONDS - 0.51%
United States - 0.51%
Cerberus Investors I LLC
12.00% due 07/31/2014 (b)	337,200		238,265
Cerberus Investors II LLC
12.00% due 07/31/2014 (b)	337,200		238,266
Cerberus Investors III LLC
12.00% due 07/31/2014 (b)	168,600		119,133
Northwest Airlines
1.00% due 01/16/2017 ^	170,000		3,400
Pontus I LLC
1.00% due 07/18/2009	276,169		219,665
6.135% due 07/24/2009	252,600		202,181
9.1406% due 07/24/2009	279,200		279,200
Pontus II Trust
9.1406% due 06/25/2009	139,600		139,600
Tropicana Entertainment LLC
9.625% due 12/15/2014	1,180,000		612,125
Trump Entertainment Resorts, Inc.
8.50% due 06/01/2015	33,000		22,110
			2,073,945
TOTAL CORPORATE BONDS (Cost $2,602,544)		$	2,073,945
OPTIONS - 0.26%
United States - 0.26%
Dow Jones Euro Stoxx 50 Index
Expiration 06/20/2008 at $4,088.73	504		275,461
S&P 500 Index
Expiration 12/20/2008 at $1,175.00	9,400		535,800
Expiration 06/21/2008 at $1,250.00	1,100		36,080

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

258

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mutual Shares Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
United States (continued)
S&P 500 Index (continued)
Expiration 06/21/2008 at $1,375.00		2,200	$	190,300
				1,037,641
TOTAL OPTIONS (Cost $809,015)			$	1,037,641
SHORT TERM INVESTMENTS - 8.49%
Federal Home Loan Bank Consolidated Discount
Note
zero coupon due 07/30/2008 to
09/17/2008	$	4,000,000	$	3,969,754
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008 to
12/12/2008		29,100,000		28,989,388
U.S. Treasury Bills
zero coupon due 05/01/2008		1,800,000		1,764,374
TOTAL SHORT TERM INVESTMENTS
(Cost $34,713,846)			$	34,723,516
Total Investments (Mutual Shares Trust)
(Cost $452,472,499) - 100.62%			$	411,394,886
Liabilities in Excess of Other Assets - (0.62)%				(2,527,738)
TOTAL NET ASSETS - 100.00%			$	408,867,148

The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):

Tobacco	8.71%
Food & Beverages	8.56%
Banking	6.07%
Insurance	5.87%
Cable & Television	5.18%

Natural Resources Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 94.80%
Coal - 4.84%
CONSOL Energy, Inc.	414,314	$	28,666,386
Peabody Energy Corp.	240,300		12,255,300
			40,921,686
Crude Petroleum & Natural Gas - 16.19%
Devon Energy Corp.	88,300		9,212,339
EOG Resources, Inc.	365,731		43,887,720
Marathon Oil Corp.	266,672		12,160,243
Newfield Exploration Company *	221,848		11,724,667
Noble Energy, Inc.	131,736		9,590,381
Penn West Energy Trust, ADR (a)	175,800		4,918,884
Rosneft Oil Company, GDR *	938,564		8,456,462
Ultra Petroleum Corp. *	137,000		10,617,500
XTO Energy, Inc.	424,842		26,280,726
			136,848,922
Domestic Oil - 4.04%
Denbury Resources, Inc. *	423,700		12,096,635

Natural Resources Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Domestic Oil (continued)
Suncor Energy, Inc.	227,593	$	21,997,663
			34,094,298
Gas & Pipeline Utilities - 5.55%
Eni SpA, SADR	124,900		8,506,939
Equitable Resources, Inc.	125,840		7,411,976
OAO Gazprom, SADR	438,550		22,348,045
Transocean, Inc. *	64,007		8,653,747
			46,920,707
Gold - 3.49%
AngloGold Ashanti, Ltd., SADR	305,700		10,381,572
Barrick Gold Corp.	206,472		8,971,208
Gold Fields, Ltd. (a)	726,842		10,154,996
			29,507,776
International Oil - 26.47%
BP PLC, SADR	348,073		21,110,628
Canadian Natural Resources, Ltd.	445,867		30,523,722
ConocoPhillips	184,259		14,042,378
EnCana Corp.	417,808		31,830,665
Exxon Mobil Corp.	345,395		29,213,509
Lukoil Oil Company, ADR	317,473		27,239,183
Petroleo Brasileiro SA, ADR	282,202		28,815,646
Royal Dutch Shell PLC, ADR	331,931		22,896,600
Talisman Energy, Inc.	1,017,202		18,045,934
			223,718,265
Metal & Metal Products - 11.79%
Alumina, Ltd. (a)	3,397,342		17,389,804
Cameco Corp. (a)	443,278		14,601,577
Companhia Vale Do Rio Doce, SADR	1,484,596		43,275,973
Vedanta Resources PLC (a)	583,580		24,319,499
			99,586,853
Mining - 8.88%
Anglo American PLC	135,368		8,114,153
Anglo Platinum, Ltd.	137,133		20,125,400
Freeport-McMoRan Copper & Gold, Inc.,
Class B	172,770		16,623,929
Teck Cominco, Ltd.	167,400		6,864,305
Xstrata PLC	332,824		23,311,365
			75,039,152
Paper - 0.55%
Mondi PLC	34,839		289,014
Smurfit-Stone Container Corp. *	560,400		4,315,080
			4,604,094
Petroleum Services - 9.78%
Baker Hughes, Inc.	240,900		16,501,650
Halliburton Company	312,298		12,282,680
Petro-Canada	195,169		8,503,052
Total SA, ADR	308,938		22,864,502
Valero Energy Corp.	457,434		22,464,584
			82,616,468
Steel - 3.22%
ArcelorMittal (a)	183,194		14,985,269
Nucor Corp.	65,600		4,443,744

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

259

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Natural Resources Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Steel (continued)
POSCO, SADR		65,700	$	7,816,986
				27,245,999
TOTAL COMMON STOCKS (Cost $612,110,862)			$	801,104,220
PREFERRED STOCKS - 0.22%
Mining - 0.22%
Anglo American Platinum Corp., Ltd. * (b)		34,852		1,834,994
TOTAL PREFERRED STOCKS (Cost $826,966)			$	1,834,994
SHORT TERM INVESTMENTS - 6.40%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	54,092,045	$	54,092,045
TOTAL SHORT TERM INVESTMENTS
(Cost $54,092,045)			$	54,092,045
REPURCHASE AGREEMENTS - 3.96%
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/31/2008 at
2.50% to be repurchased at
$33,502,326 on 04/01/2008,
collateralized by $47,907,775
Federal Home Loan Mortgage
Corp., 6.50% due 04/01/2036
(valued at $34,170,001, including
interest)	$	33,500,000	$	33,500,000
TOTAL REPURCHASE AGREEMENTS
(Cost $33,500,000)			$	33,500,000
Total Investments (Natural Resources Trust)
(Cost $700,529,873) - 105.38%			$	890,531,259
Liabilities in Excess of Other Assets - (5.38)%				(45,470,879)
TOTAL NET ASSETS - 100.00%			$	845,060,380
Overseas Equity Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.14%
Australia - 2.17%
Amcor, Ltd. (a)		199,800	$	1,307,373
BHP Billiton, Ltd., SADR		6,500		428,025
Brambles, Ltd. (a)		240,711		2,200,175
Foster's Group, Ltd. (a)		213,073		998,722
Macquarie Group, Ltd. (a)		23,936		1,155,443
Newcrest Mining, Ltd.		39,735		1,205,897
QBE Insurance Group, Ltd.		34,918		714,431
Telstra Corp., Ltd.		334,416		1,348,180
Woolworths, Ltd.		85,535		2,275,046
				11,633,292
Austria - 0.64%
Raiffeisen International Bank Holding AG		11,374		1,551,670
Telekom Austria AG		56,740		1,172,017

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Austria (continued)
Wienerberger Baustoffindustrie AG	12,900	$	684,101
			3,407,788
Belgium - 0.15%
Fortis, Strip VVPR *	30,000		474
UCB SA	22,786		791,492
			791,966
Brazil - 0.45%
Companhia Vale Do Rio Doce, ADR *	69,700		2,414,408
Canada - 7.71%
Barrick Gold Corp.	259,600		11,279,620
Cameco Corp.	27,600		909,917
Canadian National Railway Company	24,700		1,197,641
Canadian Natural Resources, Ltd.	69,400		4,751,072
EnCana Corp.	37,300		2,841,697
Inmet Mining Corp.	12,500		913,342
Potash Corp. of Saskatchewan, Inc.	94,300		14,653,271
Research In Motion, Ltd. *	5,700		641,330
Shoppers Drug Mart Corp.	21,300		1,077,814
Sun Life Financial, Inc.	24,500		1,145,458
Suncor Energy, Inc.	20,000		1,933,070
			41,344,232
Chile - 0.07%
Enersis SA, SADR	20,300		358,904
China - 0.32%
Industrial & Commercial Bank of China, Ltd.	1,620,000		1,140,875
Yanzhou Coal Mining Company, Ltd., Class H	404,000		569,236
			1,710,111
Denmark - 0.20%
Novo Nordisk AS	15,460		1,063,883
Egypt - 1.15%
Commercial International Bank *	81,253		1,371,855
Egyptian Company for Mobile Services	36,500		1,320,183
Orascom Telecom Holding SAE (a)	51,300		3,486,014
			6,178,052
Finland - 0.66%
Neste Oil Oyj	29,000		1,014,167
Nokia AB Oyj	40,100		1,265,973
Rautaruukki Oyj *	26,200		1,266,514
			3,546,654
France - 10.41%
Air Liquide	12,222		1,863,909
AXA Group SA	60,600		2,191,719
BNP Paribas SA	44,892		4,526,558
Bouygues SA	120,984		7,695,812
Compagnie Generale des Etablissements
Michelin, Class B	4,300		450,319
Dassault Systemes SA	18,400		1,069,935
Groupe DANONE	46,900		4,193,629
Lafarge SA	12,000		2,085,181
L'Oreal SA	49,164		6,242,068
Pernod-Ricard SA	15,800		1,627,910
PSA Peugeot Citroen SA	24,500		1,901,419
Renault Regie Nationale SA	9,300		1,029,419

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

260

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Sanofi-Aventis SA	70,442	$	5,283,346
Schneider Electric SA	21,597		2,789,933
Societe Generale NV - New Shares *	2,650		254,996
Societe Generale	10,600		1,037,198
Total SA	47,900		3,548,618
Vallourec SA	3,793		919,961
Veolia Environnement SA	53,419		3,727,750
Vivendi SA	86,000		3,363,983
			55,803,663
Germany - 3.18%
Allianz AG	20,228		3,999,786
Bayer AG	15,000		1,201,444
Continental AG	19,800		2,015,334
DaimlerChrysler AG (a)	43,300		3,701,133
Deutsche Bank AG	25,400		2,870,631
Hypo Real Estate Holding AG	30,430		789,820
Siemens AG	22,952		2,489,163
			17,067,311
Hong Kong - 2.32%
Alibaba.com, Ltd. * (a)(g)	14,000		29,430
Anhui Conch Cement Company, Ltd., Class H (a)	66,000		456,761
Bank of East Asia, Ltd.	415,400		2,108,382
China Communications
Construction Company , Ltd. (a)	505,000		1,134,894
China Overseas Land & Investment, Ltd.	1,112,000		2,055,021
China Shenhua Energy Company, Ltd.	265,500		1,073,459
Gome Electrical Appliances Holdings, Ltd.	976,000		2,253,796
Nine Dragons Paper Holdings, Ltd.	853,000		701,418
Shangri-La Asia, Ltd.	518,000		1,412,331
Sino Land Company, Ltd.	129,500		283,152
Swire Pacific, Ltd., Class A	83,000		940,656
			12,449,300
India - 0.08%
Infosys Technologies, Ltd., ADR	11,239		402,019
Indonesia - 0.88%
Indo Tambangraya Megah PT *	239,000		532,265
Telekomunikasi Indonesia Tbk PT	3,960,000		4,177,286
			4,709,551
Ireland - 1.13%
Allied Irish Banks PLC - London	72,400		1,536,864
CRH PLC - London	94,700		3,589,834
Irish Life & Permanent PLC - London	47,400		915,054
			6,041,752
Israel - 0.68%
Bank Hapoalim, Ltd.	405,000		1,573,446
Teva Pharmaceutical Industries, Ltd., SADR	45,100		2,083,169
			3,656,615
Italy - 0.34%
Eni SpA	43,472		1,479,754
Prysmian SpA *	17,200		367,421
			1,847,175
Japan - 19.89%
AEON Company, Ltd. (a)	279,100		3,362,802

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Canon, Inc.	47,000	$	2,192,239
Citizen Watch Company, Ltd. (a)	120,000		1,024,380
Credit Saison Company, Ltd. (a)	64,200		1,801,497
Elpida Memory, Inc. *	41,500		1,399,863
Fanuc, Ltd. (a)	24,700		2,369,568
Fuji Photo Film Company, Ltd.	43,800		1,565,535
Hirose Electric Company, Ltd. (a)	21,500		2,432,059
Hoya Corp.	86,500		2,043,811
Idemitsu Kosan Company, Ltd. (a)	24,900		1,942,453
Inpex Holdings, Inc.	174		1,966,786
Japan Tobacco, Inc.	161		805,402
JGC Corp. (a)	68,000		1,043,553
Kansai Electric Power Company, Ltd.	64,600		1,616,275
Keyence Corp. (a)	7,800		1,814,951
Matsushita Electric Industrial Company, Ltd.	37,000		804,269
Millea Holdings, Inc.	32,400		1,205,565
Mitsubishi Corp.	75,800		2,319,178
Mitsubishi UFJ Financial Group, Inc.	101,000		883,530
Mitsui Sumitomo Insurance Company, Ltd.	92,000		931,883
Mizuho Financial Group, Inc.	404		1,492,373
Murata Manufacturing Company, Ltd. (a)	20,700		1,038,410
Nintendo Company, Ltd.	12,700		6,644,695
Nippon Electric Glass Company, Ltd. (a)	76,000		1,193,568
Nippon Telegraph & Telephone Corp.	198		857,656
Nissan Motor Company, Ltd. (a)	257,600		2,159,666
Nomura Holdings, Inc.	255,500		3,846,452
NTT DoCoMo, Inc.	1,669		2,544,752
Oracle Corp. - Japan (a)	18,700		870,058
Orix Corp.	31,290		4,315,400
Rohm Company, Ltd.	13,800		862,517
Shimamura Company, Ltd. (a)	9,100		782,594
SMC Corp.	13,000		1,381,066
SOFTBANK Corp. * (a)	401,640		7,360,442
Sony Corp.	49,200		1,978,904
Sumitomo Chemical Company, Ltd.	292,000		1,884,813
Sumitomo Corp.	297,000		3,958,671
Sumitomo Metal Industries, Ltd.	422,000		1,616,809
Sumitomo Mitsui Financial Group, Inc.	1,180		7,838,515
Suzuki Motor Corp. (a)	82,600		2,100,988
Takeda Pharmaceutical Company, Ltd.	31,800		1,596,426
Tokyo Electron, Ltd. (a)	23,800		1,458,700
Tokyo Gas Company, Ltd.	234,000		953,728
Tokyu Corp.	144,000		734,599
Toshiba Corp. (a)	449,000		3,017,600
Toto, Ltd.	95,000		904,147
Trend Micro, Inc.	64,000		2,525,699
UNI Charm Corp. (a)	21,100		1,548,963
Yahoo Japan Corp. (a)	2,078		1,092,092
Yamada Denki Company, Ltd.	15,620		1,361,865
Yamato Transport Company, Ltd.	214,000		3,144,827
			106,592,594
Luxembourg - 0.55%
SES Global SA	91,700		1,916,833
Tenaris SA, ADR	20,700		1,031,895
			2,948,728

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

261

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia - 0.46%
Commerce Asset Holdings	364,900	$	1,141,962
SP Setia BHD	435,000		508,618
Telekom Malaysia, BHD	247,400		823,556
			2,474,136
Mexico - 3.15%
America Movil SA de CV, Series L, ADR	143,400		9,133,146
Cemex SA de CV, SADR *	120,000		3,134,400
Grupo Financiero Inbursa SA de CV	1,074,400		3,230,443
Telefonos de Mexico SA de CV, Class L, ADR	25,311		951,694
Wal-Mart de Mexico SA de CV, Series V	107,000		455,939
			16,905,622
Netherlands - 3.52%
Aegon NV	114,800		1,684,628
Fortis	36,000		903,833
ING Groep NV	108,072		4,040,309
Koninklijke (Royal) KPN NV	227,700		3,843,936
Royal Dutch Shell PLC, A Shares	118,262		4,078,756
Unilever NV	127,500		4,292,087
			18,843,549
Norway - 0.45%
Telenor ASA	124,600		2,399,529
Poland - 0.53%
Polski Koncern Naftowy Orlen SA *	8,900		159,080
Polski Koncern Naftowy Orlen, ADR *	75,400		2,687,821
			2,846,901
Russia - 1.84%
JSC MMC Norilsk Nickel, ADR	42,000		1,182,300
Mobile Telesystems, SADR	17,000		1,289,450
OAO Gazprom, SADR	121,300		6,186,300
Sberbank	3,441		1,179,467
			9,837,517
Singapore - 0.39%
Singapore Telecommunications, Ltd.	444,860		1,273,374
United Overseas Bank, Ltd.	59,072		826,583
			2,099,957
South Africa - 0.76%
MTN Group, Ltd.	107,110		1,628,224
Naspers, Ltd.	50,900		888,386
Sasol, Ltd.	32,100		1,545,960
			4,062,570
South Korea - 2.14%
Hynix Semiconductor, Inc. * (a)	71,510		2,016,453
Kookmin Bank	13,340		748,741
NHN Corp. *	3,500		821,893
Samsung Electronics Company, Ltd.	12,432		7,861,405
			11,448,492
Spain - 2.81%
Banco Bilbao Vizcaya Argentaria SA	301,700		6,634,450
Banco Santander Central Hispano SA	77,300		1,539,967
Industria de Diseno Textil SA	19,300		1,071,220
Repsol YPF SA	104,400		3,596,690

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain (continued)
Telefonica SA	77,372	$	2,223,052
			15,065,379
Sweden - 0.54%
Assa Abloy AB - Series B (a)	29,000		526,509
AstraZeneca PLC	1,500		56,425
Atlas Copco AB, Series B, ADR *	58,300		916,065
Ericsson LM, Series B	242,000		474,755
Teliasonera AB	111,400		894,330
			2,868,084
Switzerland - 9.99%
Adecco SA	30,591		1,767,126
Clariant AG *	117,500		1,001,767
Compagnie Financiere
Richemont AG, Series A *	118,774		6,668,292
Credit Suisse Group AG	34,564		1,759,925
Givaudan AG	886		876,442
Holcim, Ltd.	41,125		4,319,511
Nestle SA	17,758		8,876,200
Nobel Biocare Holding AG, Series BR (a)	8,403		1,956,888
Novartis AG	128,736		6,605,962
Roche Holdings AG - Genusschein	42,879		8,081,395
Swiss Re	69,955		6,114,965
Swisscom AG	8,732		2,994,775
Synthes AG (a)	10,141		1,417,809
UBS AG	38,389		1,117,813
			53,558,870
Taiwan - 2.97%
High Tech Computer Corp., ADR	21,190		1,907,100
HON HAI Precision Industry
Company, Ltd., Reg. S, GDR	499,900		5,623,875
Taiwan Cellular Corp.	592,000		1,139,058
Taiwan Semiconductor
Manufacturing Company, Ltd., SADR	707,300		7,263,971
			15,934,004
Thailand - 0.38%
Banpu PCL, Reg.	146,800		2,009,587
Turkey - 0.17%
Akbank AS	215,652		908,376
United Kingdom - 12.42%
AstraZeneca Group PLC	58,309		2,187,172
BAE Systems PLC	997,700		9,620,713
Bank Muscat SAOG	173,200		3,616,416
Barclays PLC	118,800		1,071,779
BHP Billiton PLC	76,100		2,241,440
BP PLC	357,800		3,625,114
Cairn Energy PLC *	21,600		1,213,283
Eurasian Natural Resources Corp. *	93,000		1,818,039
HBOS PLC	206,100		2,292,851
HSBC Holdings PLC	162,878		2,683,239
LSR Group *	19,100		273,130
Marks & Spencer Group PLC	86,900		668,630
Orascom Construction Industries (a)	24,100		3,612,263
Persimmon PLC	74,574		1,132,584
Premier Foods PLC	368,200		822,894

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

262

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Overseas Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Rio Tinto PLC		61,700	$	6,412,263
Rosneft Oil Company, GDR *		133,600		1,203,736
Royal Bank of Scotland Group PLC		349,700		2,342,705
SABMiller PLC		268,000		5,877,880
Scottish & Southern Energy PLC		67,500		1,882,761
Standard Chartered PLC		28,200		964,317
Tesco PLC		330,800		2,493,107
TMK OAO		34,400		1,118,000
Uralkali *		54,438		2,228,012
Vodafone Group PLC		1,136,021		3,376,735
Xstrata PLC		14,433		1,010,903
Yell Group PLC		257,800		787,274
				66,577,240
United States - 0.64%
Evraz Group SA		10,400		897,520
Focus Media Holding, Ltd., ADR *		16,200		569,430
Larsen & Toubro, Ltd.		11,241		865,557
Suntech Power Holdings Company, Ltd., ADR *		21,200		859,872
UBS AG		7,800		224,640
				3,417,019
TOTAL COMMON STOCKS (Cost $504,043,025)			$	515,224,830
PREFERRED STOCKS - 0.74%
Brazil - 0.54%
Companhia de Bebidas das Americas, ADR		38,000		2,870,900
Germany - 0.20%
Porsche Automobil Holding SE		6,000		1,096,280
TOTAL PREFERRED STOCKS (Cost $4,232,375)			$	3,967,180
SHORT TERM INVESTMENTS - 9.71%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	52,038,886	$	52,038,886
TOTAL SHORT TERM INVESTMENTS
(Cost $52,038,886)			$	52,038,886

Overseas Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.99%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$10,653,473 on 04/01/2008,
collateralized by $9,910,000
Federal National Mortgage
Association, 6.00% due
04/18/2036 (valued at
$10,866,315, including interest)	$	10,653,000	$	10,653,000
TOTAL REPURCHASE AGREEMENTS
(Cost $10,653,000)			$	10,653,000
Total Investments (Overseas Equity Trust)
(Cost $570,967,286) - 108.58%			$	581,883,896
Liabilities in Excess of Other Assets - (8.58)%				(45,962,408)
TOTAL NET ASSETS - 100.00%			$	535,921,488
The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):
Banking		9.67%
Telecommunications Equipment & Services		5.60%
Food & Beverages		4.53%
Insurance		4.28%
Chemicals		4.22%
Pacific Rim Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.10%
Australia - 13.30%
Australia and New Zealand
Banking Group, Ltd.		55,334	$	1,148,212
BHP Billiton, Ltd.		121,275		3,985,217
Caltex Australia, Ltd.		55,000		656,533
Centennial Coal Company, Ltd.		190,000		710,647
Commonwealth Bank of Australia, Ltd.		43,230		1,661,184
CSL, Ltd.		39,980		1,355,257
Harvey Norman Holding, Ltd.		290,000		1,041,163
John Fairfax Holdings, Ltd.		400,000		1,276,250
Lihir Gold, Ltd. *		350,000		1,116,826
National Australia Bank, Ltd.		15,000		414,833
Orica, Ltd.		10,000		267,134
Pacific Brands, Ltd.		306,250		568,781
QBE Insurance Group, Ltd.		69,140		1,414,622
Rio Tinto, Ltd.		12,000		1,348,028
Sunland Group, Ltd.		250,000		568,151
Transfield Services, Ltd.		30,342		306,195
Woodside Petroleum, Ltd.		20,670		1,027,192
				18,866,225
China - 2.86%
China Life Insurance Company, Ltd.		188,000		653,118
China Merchants Bank Company, Ltd.		200,000		703,803
Dongfeng Motor Group Company, Ltd.		1,220,000		552,704
Maanshan Iron & Steel Company, Ltd.		1,300,000		687,088

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

263

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Pacific Rim Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China (continued)
PetroChina Company, Ltd., Class H	600,000	$	748,916
Yanzhou Coal Mining Company, Ltd., Class H	500,000		704,501
			4,050,130
Hong Kong - 9.77%
Cafe de Coral Holdings, Ltd.	424,000		812,157
Cheung Kong Holdings, Ltd.	25,000		359,921
China Mobile, Ltd.	115,000		1,727,842
China Resource Power Holdings, Ltd.	290,000		576,570
CNPC Hong Kong, Ltd.	1,500,000		696,471
Cosco Pacific, Ltd.	270,000		535,497
Great Eagle Holdings, Ltd,	215,000		598,132
Harbin Power Equipment Company, Ltd.	1,000,000		1,797,928
Henderson Land Development Company, Ltd.	145,000		1,043,864
New World Development Company, Ltd.	200,000		491,960
Orient Overseas International, Ltd.	105,000		621,283
Shanghai Industrial Holdings, Ltd.	200,000		761,212
Shimao Property Holdings, Ltd., GDR	150,000		272,867
Sun Hung Kai Properties, Ltd.	115,000		1,802,646
Wharf Holdings, Ltd.	70,000		333,283
Yue Yuen Industrial Holdings, Ltd.	350,000		1,103,657
Zhaojin Mining Industry Company, Ltd. *	100,000		327,646
			13,862,936
India - 0.68%
ICICI Bank, Ltd.	12,000		232,123
Jaiprakash Associates, Ltd. *	100,000		566,836
Steel Authority Of India, Ltd.	35,000		160,539
			959,498
Japan - 46.33%
Ajinomoto Company, Inc.	177,000		1,802,942
Asahi Glass Company, Ltd.	130,000		1,442,365
Canon, Inc.	25,200		1,175,413
Chiba Bank, Ltd.	156,000		1,067,724
Chiyoda Corp.	70,000		640,294
Credit Saison Company, Ltd.	55,200		1,548,951
Daiwa Securities Group, Inc.	145,000		1,266,321
Disco Corp.	16,000		693,220
Fanuc, Ltd.	8,500		815,438
Hirose Electric Company, Ltd.	10,600		1,199,062
Honda Motor Company, Ltd.	76,800		2,218,344
Hosiden Corp.	70,000		1,404,386
Ibiden Company, Ltd.	20,800		824,965
JAFCO Company, Ltd. *	20,300		683,267
Japan General Estate Company, Ltd.	80,000		640,771
Japan Securities Finance Company, Ltd.	87,500		490,233
JSR Corp.	79,200		1,803,065
Kao Corp.	49,000		1,394,247
KDDI Corp.	440		2,706,383
Keyence Corp.	3,900		907,476
Kissei Pharmaceutical Company, Ltd.	39,000		822,915
Komatsu, Ltd.	86,800		2,443,930
Marui Company, Ltd.	70,000		749,771
Matsushita Electric Industrial Company, Ltd.	48,000		1,043,376
Millea Holdings, Inc.	27,800		1,034,404
Mitsubishi Corp.	72,000		2,202,913
Mitsubishi Electric Corp.	100,000		873,275

Pacific Rim Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Mitsubishi Estate Company, Ltd.	100,000	$	2,450,881
Mitsubishi Materials Corp.	356,000		1,562,887
Mitsubishi Rayon Company, Ltd.	150,000		484,222
Mitsubishi UFJ Lease & Finance
Company, Ltd.	15,000		524,606
Mitsui O.S.K. Lines, Ltd.	120,000		1,468,092
Mitsui Sumitomo Insurance Company, Ltd.	202,000		2,046,090
Mizuho Financial Group, Inc.	234		864,394
Murata Manufacturing Company, Ltd.	39,500		1,981,507
Nabtesco Corp.	50,000		681,522
Nippon Telegraph & Telephone Corp.	140		606,424
Seven & I Holdings Company, Ltd.	40,000		1,015,179
SFCG Company, Ltd.	4,300		461,625
Shimadzu Corp.	98,000		916,790
Sumitomo Bakelite Company, Ltd.	222,000		1,129,288
Sumitomo Electric Industries, Ltd.	109,800		1,403,602
Sumitomo Mitsui Financial Group, Inc.	300		1,992,843
Sumitomo Trust & Banking Company, Ltd.	153,000		1,060,335
Taiyo Nippon Sanso Corp.	80,000		647,727
Takashimaya Company, Ltd.	108,000		1,223,042
Takeda Pharmaceutical Company, Ltd.	46,542		2,336,504
The Bank of Yokohama, Ltd.	232,000		1,587,520
THK Company, Ltd.	65,700		1,140,377
Tokuyama Corp.	138,000		1,013,455
Tokyo Electron, Ltd.	17,500		1,072,573
Toyota Motor Corp.	30,500		1,541,098
UNY Company, Ltd.	64,000		614,316
			65,722,350
Malaysia - 2.76%
AMMB Holdings BHD	300,000		324,216
IJM Corp. BHD	200,000		382,792
IOI Properties BHD	260,500		973,014
MISC BHD	250,000		721,582
Sime Darby BHD *	200,000		584,649
Telekom Malaysia, BHD	277,500		923,754
			3,910,007
Singapore - 2.13%
Capitaland, Ltd. *	240,000		1,121,669
Keppel Corp., Ltd.	134,000		975,463
Oversea-Chinese Banking Corp., Ltd.	157,000		930,454
			3,027,586
South Korea - 8.56%
Daelim Industrial Company	9,500		1,221,698
GS Holdings Corp.	8,000		312,443
Hana Financial Group, Inc.	18,000		737,766
Hyundai Heavy Industries	1,000		376,270
Kookmin Bank	15,000		841,913
LG Philips LCD Company, Ltd.	25,000		1,116,315
Lotte Confectionery Company, Ltd.	558		714,812
POSCO	1,800		861,656
Samsung Electronics Company, Ltd.	6,200		3,920,585
Shinsegae Company, Ltd.	700		442,094
SK Energy Company, Ltd.	10,500		1,087,002
Woongjin Coway Company, Ltd.	17,000		514,450
			12,147,004

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

264

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Pacific Rim Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan - 8.74%
Advanced Semiconductor Engineering, Inc.	660,949	$	647,990
AU Optronics Corp.	550,000		949,777
Cathay Financial Holdings Company, Ltd.	200,000		513,371
Chi Mei Optoelectronics Corp.	827,200		1,094,746
China Steel Corp.	500,000		795,402
Chinatrust Finance Holding Company, Ltd. *	957,622		931,605
High Tech Computer Corp.	42,900		969,087
Hung Poo Real Estate Development Corp.	698,920		1,274,789
MediaTek, Inc.	87,274		1,159,258
Sincere Navigation Corp.	300,000		616,054
Synnex Technology International Corp.	270,000		740,475
Taiwan Cellular Corp.	575,000		1,106,349
Taiwan Fertilizer Company, Ltd.	280,000		1,235,699
Wintek Corp.	400,000		363,449
			12,398,051
Thailand - 1.97%
Electricity Generating, Public Company, Ltd.,
NVDR	280,400		857,579
PTT PCL, Foreign Shares	70,000		702,557
Ratchaburi Electricity Generating Holding PCL	84,300		123,833
Thoresen Thai Agencies PCL	300,000		404,955
Tisco Bank PCL, Foreign *	554,700		519,366
Tisco Bank PCL, NVDR *	200,000		186,523
			2,794,813
TOTAL COMMON STOCKS (Cost $137,264,965)		$	137,738,600
Total Investments (Pacific Rim Trust)
(Cost $137,264,965) - 97.10%		$	137,738,600
Other Assets in Excess of Liabilities - 2.90%			4,110,190
TOTAL NET ASSETS - 100.00%		$	141,848,790
The portfolio had the following five top industry concentrations
as of March 31, 2008 (as a percentage of total net assets):
Electronics	8.28%
Banking	8.25%
Real Estate	6.98%
Mining	5.42%
Chemicals	4.30%
Quantitative All Cap Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.77%
Advertising - 1.61%
Omnicom Group, Inc.	124,809	$	5,514,062
Aerospace - 3.24%
Lockheed Martin Corp.	94,051		9,339,264
Rockwell Collins, Inc.	30,460		1,740,789
			11,080,053
Aluminum - 0.35%
Century Aluminum Company *	17,998		1,192,188

Quantitative All Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Auto Parts - 0.89%
Lear Corp. *	117,890	$	3,054,530
Automobiles - 0.90%
Honda Motor Company, Ltd., ADR (a)	107,195		3,088,288
Banking - 6.12%
Bank of America Corp.	253,745		9,619,473
Credit Suisse Group, SADR	122,684		6,242,162
Deutsche Bank AG (a)	44,614		5,043,613
			20,905,248
Biotechnology - 1.83%
Applera Corp.	190,159		6,248,625
Building Materials & Construction - 0.26%
EMCOR Group, Inc. *	39,371		874,430
Business Services - 3.67%
Alliance Data Systems Corp. *	37,069		1,761,148
CSG Systems International, Inc. *	152,602		1,735,085
Informatica Corp. *	173,845		2,965,796
LECG Corp. *	79,589		744,953
R.R. Donnelley & Sons Company	88,393		2,679,192
SRA International, Inc., Class A *	109,215		2,655,016
			12,541,190
Chemicals - 0.28%
Albemarle Corp.	26,606		971,651
Commercial Services - 0.45%
Perficient, Inc. *	195,320		1,550,841
Computers & Business Equipment - 6.97%
Brocade Communications Systems, Inc. *	521,015		3,803,409
Cisco Systems, Inc. *	128,570		3,097,251
Cognizant Technology Solutions Corp.,
Class A *	56,720		1,635,238
Hewlett-Packard Company	232,409		10,611,795
Ingram Micro, Inc., Class A *	115,142		1,822,698
Juniper Networks, Inc. *	114,406		2,860,150
			23,830,541
Containers & Glass - 0.63%
Ball Corp.	46,820		2,150,911
Cosmetics & Toiletries - 1.97%
Colgate-Palmolive Company	86,342		6,726,905
Crude Petroleum & Natural Gas - 0.64%
Unit Corp. *	38,814		2,198,813
Domestic Oil - 0.74%
Helix Energy Solutions Group, Inc. *	80,695		2,541,893
Electrical Equipment - 2.99%
Cooper Industries, Ltd., Class A	59,606		2,393,181
Emerson Electric Company	124,790		6,421,693
Ultralife Batteries, Inc. *	118,794		1,402,957
			10,217,831
Electrical Utilities - 1.30%
Edison International	19,987		979,763
Public Service Enterprise Group, Inc.	86,270		3,467,191
			4,446,954

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

265

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Quantitative All Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics - 0.56%
Amphenol Corp., Class A	50,970	$	1,898,633
Energy - 2.91%
Constellation Energy Partners LLC	19,741		362,839
Energen Corp.	21,669		1,349,979
Nexen, Inc.	207,959		6,157,666
Yingli Green Energy Holding Company, Ltd. * (a)	122,381		2,092,715
			9,963,199
Financial Services - 3.05%
Barclays PLC, SADR	96,097		3,478,711
Franklin Resources, Inc.	9,000		872,910
Goldman Sachs Group, Inc.	8,427		1,393,742
Lehman Brothers Holdings, Inc.	54,944		2,068,092
National Financial Partners Corp. (a)	88,009		1,977,562
Visa, Inc. *	10,350		645,426
			10,436,443
Food & Beverages - 2.81%
PepsiCo, Inc.	105,887		7,645,041
Spartan Stores, Inc.	93,437		1,948,162
			9,593,203
Gas & Pipeline Utilities - 1.00%
Suburban Propane Partners, LP	55,761		2,165,200
Vectren Corp.	46,168		1,238,687
			3,403,887
Healthcare Products - 6.54%
CONMED Corp. *	83,024		2,128,735
DENTSPLY International, Inc.	29,473		1,137,658
Herbalife, Ltd.	115,021		5,463,498
Johnson & Johnson	186,615		12,105,715
Stryker Corp.	23,269		1,513,648
			22,349,254
Healthcare Services - 1.58%
UnitedHealth Group, Inc.	156,940		5,392,458
Holdings Companies/Conglomerates - 0.91%
General Electric Company	59,266		2,193,435
Pearson PLC, SADR	68,577		931,275
			3,124,710
Hotels & Restaurants - 4.50%
McDonald's Corp.	199,062		11,101,688
Yum! Brands, Inc.	115,125		4,283,801
			15,385,489
Household Products - 0.76%
Jarden Corp. *	120,036		2,609,583
Industrials - 1.16%
Companhia de Saneamento Basico do
Estado de Sao Paulo, ADR *	89,441		3,964,920
Insurance - 6.73%
Allied World Assurance Holdings, Ltd.	75,319		2,990,164
Aspen Insurance Holdings, Ltd.	94,608		2,495,759
Axis Capital Holdings, Ltd.	97,359		3,308,259
CNA Financial Corp.	130,913		3,376,246
ING Groep NV, SADR	162,837		6,085,219
Validus Holdings, Ltd.	83,349		1,952,867

Quantitative All Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
XL Capital, Ltd., Class A	94,809	$	2,801,606
			23,010,120
International Oil - 5.66%
ConocoPhillips	137,604		10,486,801
Exxon Mobil Corp.	61,960		5,240,577
Noble Corp.	32,680		1,623,216
Parker Drilling Company *	310,999		2,009,053
			19,359,647
Internet Retail - 2.01%
eBay, Inc. *	188,240		5,617,082
PetMed Express, Inc. *	112,255		1,244,908
			6,861,990
Internet Software - 0.70%
Cybersource Corp. *	68,547		1,001,472
Vocus, Inc. *	52,964		1,398,249
			2,399,721
Manufacturing - 0.87%
Trinity Industries, Inc. (a)	111,610		2,974,407
Medical-Hospitals - 0.22%
VCA Antech, Inc. *	28,066		767,605
Mining - 0.54%
Anglo American PLC, ADR	61,507		1,831,063
Paper - 0.47%
Buckeye Technologies, Inc. *	145,503		1,623,813
Petroleum Services - 2.87%
ENSCO International, Inc.	135,232		8,468,228
Petro-Canada (a)	30,585		1,327,695
			9,795,923
Pharmaceuticals - 1.44%
Abbott Laboratories	19,088		1,052,703
American Oriental Bioengineering, Inc. * (a)	157,364		1,274,649
Eli Lilly & Company	21,102		1,088,652
Pfizer, Inc.	71,510		1,496,704
			4,912,708
Real Estate - 1.12%
Arbor Realty Trust, Inc., REIT (a)	75,474		1,138,148
First Industrial Realty Trust, Inc., REIT (a)	86,860		2,683,105
			3,821,253
Retail Trade - 1.99%
CVS Caremark Corp.	32,543		1,318,317
NBTY, Inc. *	75,384		2,257,751
The Gap, Inc.	163,118		3,210,162
			6,786,230
Software - 7.42%
Adobe Systems, Inc. *	74,412		2,648,323
Bottomline Technologies, Inc. *	80,433		1,013,456
CIBER, Inc. *	182,499		894,245
FARO Technologies, Inc. *	50,947		1,588,528
Microsoft Corp.	154,445		4,383,149
Novell, Inc. *	404,932		2,547,022
Nuance Communications, Inc. *	228,781		3,983,077

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

266

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Quantitative All Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Software (continued)
Oracle Corp. *		338,779	$	6,626,517
Progress Software Corp. *		55,748		1,667,980
				25,352,297
Steel - 1.68%
Gerdau Ameristeel Corp.		290,822		4,103,499
Steel Dynamics, Inc.		50,104		1,655,436
				5,758,935
Telecommunications Equipment &
Services - 0.66%
Tele Norte Leste Participacoes SA, ADR (a)		84,741		2,249,026
Telephone - 2.58%
AT&T, Inc.		230,384		8,823,707
Transportation - 1.19%
DryShips, Inc. (a)		67,899		4,067,829
TOTAL COMMON STOCKS (Cost $359,210,900)			$	337,653,007
SHORT TERM INVESTMENTS - 8.68%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	25,549,137	$	25,549,137
Lloyds Bank PLC
2.70% due 04/01/2008		4,110,000		4,110,000
TOTAL SHORT TERM INVESTMENTS
(Cost $29,659,137)			$	29,659,137
Total Investments (Quantitative All Cap Trust)
(Cost $388,870,037) - 107.45%			$	367,312,144
Liabilities in Excess of Other Assets - (7.45)%				(25,469,336)
TOTAL NET ASSETS - 100.00%			$	341,842,808
Quantitative Mid Cap Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.21%
Apparel & Textiles - 0.43%
Hanesbrands, Inc. *		4,412	$	128,830
Auto Parts - 1.60%
Lear Corp. *		18,556		480,786
Banking - 1.18%
East West Bancorp, Inc.		8,200		145,550
Sovereign Bancorp, Inc.		22,521		209,896
				355,446
Biotechnology - 3.37%
Applera Corp.		15,891		522,178
Techne Corp. *		7,300		491,728
				1,013,906
Building Materials & Construction - 1.75%
EMCOR Group, Inc. *		12,800		284,288
RPM International, Inc.		11,640		243,742
				528,030

Quantitative Mid Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 5.36%
Alliance Data Systems Corp. *	14,834	$	704,763
Convergys Corp. *	24,190		364,301
R.R. Donnelley & Sons Company	17,918		543,095
			1,612,159
Chemicals - 3.68%
Airgas, Inc.	4,241		192,838
Celanese Corp., Series A	3,400		132,770
Lubrizol Corp.	4,900		271,999
NOVA Chemicals Corp.	9,379		223,689
OM Group, Inc. *	3,305		180,255
Terra Nitrogen Company, LP	945		105,415
			1,106,966
Computers & Business Equipment - 4.58%
Brocade Communications Systems, Inc. *	47,820		349,086
Cognizant Technology Solutions Corp.,
Class A *	15,553		448,393
Ingram Micro, Inc., Class A *	18,277		289,325
Juniper Networks, Inc. *	11,600		290,000
			1,376,804
Containers & Glass - 2.33%
Pactiv Corp. *	22,035		577,537
Sonoco Products Company	4,300		123,109
			700,646
Crude Petroleum & Natural Gas - 2.37%
Sunoco, Inc.	4,700		246,609
Unit Corp. *	8,224		465,890
			712,499
Electrical Equipment - 2.32%
AMETEK, Inc.	13,243		581,500
Hubbell, Inc., Class B	2,691		117,570
			699,070
Electrical Utilities - 6.69%
Alliant Energy Corp.	16,510		578,015
CenterPoint Energy, Inc.	12,834		183,141
Mirant Corp. *	16,767		610,151
Xcel Energy, Inc.	32,168		641,752
			2,013,059
Electronics - 2.88%
Amphenol Corp., Class A	13,514		503,397
Dolby Laboratories, Inc., Class A *	4,098		148,593
Thomas & Betts Corp. *	5,900		214,583
			866,573
Financial Services - 2.53%
Och-Ziff Capital Management Group LLC.,
Class A (a)	28,084		589,764
Raymond James Financial, Inc. (a)	7,400		170,052
			759,816
Food & Beverages - 2.30%
Coca-Cola Enterprises, Inc.	4,906		118,725
McCormick & Company, Inc.	7,600		280,972
Pepsi Bottling Group, Inc.	8,601		291,660
			691,357

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

267

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Quantitative Mid Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Gas & Pipeline Utilities - 1.07%
AGL Resources, Inc.	9,400	$	322,608
Healthcare Products - 2.88%
DENTSPLY International, Inc.	13,200		509,520
Herbalife, Ltd.	7,492		355,870
			865,390
Healthcare Services - 1.62%
Covance, Inc. *	3,400		282,098
Coventry Health Care, Inc. *	5,100		205,785
			487,883
Hotels & Restaurants - 2.41%
Burger King Holdings, Inc.	26,213		725,052
Industrial Machinery - 2.23%
Crane Company	16,668		672,554
Insurance - 8.64%
Allied World Assurance Holdings, Ltd.	8,781		348,606
American Financial Group, Inc.	12,042		307,794
Arch Capital Group, Ltd. *	4,753		326,388
Aspen Insurance Holdings, Ltd.	10,200		269,076
Axis Capital Holdings, Ltd.	17,575		597,198
Endurance Specialty Holdings, Ltd.	6,377		233,398
RenaissanceRe Holdings, Ltd.	5,815		301,857
XL Capital, Ltd., Class A	7,305		215,863
			2,600,180
International Oil - 1.82%
ATP Oil & Gas Corp. *	9,473		309,957
Nabors Industries, Ltd. *	7,000		236,390
			546,347
Internet Software - 2.61%
Akamai Technologies, Inc. *	12,305		346,509
Salesforce.com, Inc. *	7,600		439,812
			786,321
Investment Companies - 1.45%
Midcap SPDR Trust, Series 1	3,100		437,596
Manufacturing - 1.10%
Roper Industries, Inc.	5,551		329,951
Medical-Hospitals - 0.52%
VCA Antech, Inc. *	5,764		157,645
Metal & Metal Products - 1.16%
Crown Holdings, Inc. *	5,005		125,926
Lundin Mining Corp. *	33,075		224,579
			350,505
Office Furnishings & Supplies - 2.07%
Avery Dennison Corp.	12,622		621,633
Petroleum Services - 3.89%
ENSCO International, Inc.	9,520		596,142
Petro-Canada (a)	0		0
Tidewater, Inc.	10,400		573,144
			1,169,286
Pharmaceuticals - 0.47%
Warner Chilcott, Ltd., Class A *	7,800		140,400

Quantitative Mid Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Real Estate - 3.19%
First Industrial Realty Trust, Inc., REIT (a)		8,170	$	252,371
Hospitality Properties Trust, REIT		20,832		708,705
				961,076
Retail Trade - 3.53%
Dick's Sporting Goods, Inc. *		17,800		476,684
Fossil, Inc. *		14,200		433,668
The TJX Companies, Inc.		4,600		152,122
				1,062,474
Sanitary Services - 3.43%
Allied Waste Industries, Inc. *		58,280		630,007
Stericycle, Inc. *		7,797		401,545
				1,031,552
Semiconductors - 1.28%
Microchip Technology, Inc.		11,742		384,316
Software - 2.87%
BEA Systems, Inc. *		12,871		246,480
BMC Software, Inc. *		9,641		313,525
Nuance Communications, Inc. *		17,445		303,717
				863,722
Telecommunications Equipment &
Services - 2.42%
Amdocs, Ltd. *		13,347		378,521
Embarq Corp.		8,746		350,715
				729,236
Telephone - 1.02%
CenturyTel, Inc.		9,246		307,337
Toys, Amusements & Sporting Goods - 1.76%
Hasbro, Inc.		19,000		530,100
Transportation - 0.40%
Genco Shipping & Trading, Ltd. (a)		2,128		120,083
TOTAL COMMON STOCKS (Cost $31,538,448)			$	29,249,194
SHORT TERM INVESTMENTS - 6.78%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	1,131,389	$	1,131,389
Lloyds Bank PLC
2.70% due 04/01/2008		908,000		908,000
TOTAL SHORT TERM INVESTMENTS
(Cost $2,039,389)			$	2,039,389
Total Investments (Quantitative Mid Cap Trust)
(Cost $33,577,837) - 103.99%			$	31,288,583
Liabilities in Excess of Other Assets - (3.99)%				(1,200,200)
TOTAL NET ASSETS - 100.00%			$	30,088,383

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

268

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Quantitative Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.04%
Advertising - 1.77%
Omnicom Group, Inc.	309,114	$	13,656,657
Aerospace - 2.08%
Lockheed Martin Corp.	161,237		16,010,834
Auto Parts - 0.45%
Lear Corp. *	133,048		3,447,274
Banking - 7.70%
Bank of America Corp.	234,202		8,878,598
Colonial Bancgroup, Inc. (a)	433,332		4,172,987
Credit Suisse Group, SADR (a)	310,192		15,782,569
Deutsche Bank AG (a)	114,900		12,989,445
Wachovia Corp.	651,754		17,597,358
			59,420,957
Biotechnology - 1.05%
Techne Corp. *	120,678		8,128,870
Business Services - 1.02%
Accenture, Ltd., Class A	55,092		1,937,585
Alliance Data Systems Corp. *	124,721		5,925,495
			7,863,080
Chemicals - 0.88%
OM Group, Inc. *	124,426		6,786,194
Computers & Business Equipment - 1.84%
Brocade Communications Systems, Inc. *	310,726		2,268,300
International Business Machines Corp.	61,181		7,044,380
Juniper Networks, Inc. *	195,260		4,881,500
			14,194,180
Containers & Glass - 0.58%
Sealed Air Corp.	176,186		4,448,696
Cosmetics & Toiletries - 4.86%
Kimberly-Clark Corp.	139,896		9,030,287
Procter & Gamble Company	405,717		28,428,590
			37,458,877
Crude Petroleum & Natural Gas - 2.39%
Marathon Oil Corp.	82,335		3,754,476
Unit Corp. *	165,049		9,350,026
Western Refining, Inc. (a)	393,217		5,296,633
			18,401,135
Electrical Equipment - 0.84%
Cooper Industries, Ltd., Class A	160,467		6,442,750
Electrical Utilities - 5.06%
American Electric Power Company, Inc.	127,604		5,312,154
Mirant Corp. *	406,676		14,798,940
Public Service Enterprise Group, Inc.	471,351		18,943,597
			39,054,691
Electronics - 0.72%
Amphenol Corp., Class A	150,092		5,590,927
Energy - 1.12%
Nexen, Inc.	291,583		8,633,773
Financial Services - 8.36%
Barclays PLC, SADR (a)	304,591		11,026,194
Citigroup, Inc.	237,553		5,088,385

Quantitative Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
Franklin Resources, Inc.	119,546	$	11,594,766
JP Morgan Chase & Company	234,108		10,054,939
Lehman Brothers Holdings, Inc.	146,070		5,498,075
Merrill Lynch & Company, Inc.	126,778		5,164,936
Morgan Stanley	63,948		2,922,424
TD Ameritrade Holding Corp. *	709,779		11,718,451
Visa, Inc. *	23,070		1,438,645
			64,506,815
Food & Beverages - 2.39%
Coca-Cola Enterprises, Inc.	488,369		11,818,530
H.J. Heinz Company	140,465		6,597,641
			18,416,171
Gas & Pipeline Utilities - 1.16%
Spectra Energy Corp.	394,895		8,983,861
Healthcare Products - 1.80%
Baxter International, Inc.	207,901		12,020,836
Johnson & Johnson	28,912		1,875,521
			13,896,357
Holdings Companies/Conglomerates - 3.64%
General Electric Company	758,424		28,069,272
Hotels & Restaurants - 2.23%
McDonald's Corp.	154,340		8,607,542
Yum! Brands, Inc.	231,240		8,604,440
			17,211,982
Household Products - 1.16%
Jarden Corp. *	413,019		8,979,033
Industrial Machinery - 1.48%
Terex Corp. *	182,354		11,397,125
Insurance - 8.61%
American Financial Group, Inc.	419,852		10,731,417
American International Group, Inc.	69,738		3,016,169
Arch Capital Group, Ltd. *	78,617		5,398,629
Axis Capital Holdings, Ltd.	353,689		12,018,352
CNA Financial Corp.	299,222		7,716,935
Genworth Financial, Inc., Class A	394,661		8,935,125
ING Groep NV, SADR (a)	276,610		10,336,916
RenaissanceRe Holdings, Ltd.	49,149		2,551,325
XL Capital, Ltd., Class A	193,571		5,720,023
			66,424,891
International Oil - 9.58%
Chevron Corp.	93,044		7,942,236
CNOOC, Ltd., ADR	35,976		5,280,917
ConocoPhillips	252,084		19,211,322
Exxon Mobil Corp.	382,047		32,313,535
Sasol, Ltd., SADR	189,358		9,163,033
			73,911,043
Internet Software - 0.53%
Salesforce.com, Inc. *	71,319		4,127,231
Manufacturing - 1.49%
Honeywell International, Inc.	203,609		11,487,620

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

269

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Quantitative Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Metal & Metal Products - 0.75%
Titanium Metals Corp.		384,741	$	5,790,352
Mining - 0.56%
Alliance Resource Partners LP		64,826		2,268,910
Anglo American PLC, ADR		69,815		2,078,393
				4,347,303
Petroleum Services - 4.62%
ENSCO International, Inc.		198,189		12,410,595
Petro-Canada		360,721		15,658,899
Valero Energy Corp.		154,032		7,564,511
				35,634,005
Pharmaceuticals - 2.93%
Eli Lilly & Company		218,095		11,251,521
Pfizer, Inc.		542,463		11,353,751
				22,605,272
Real Estate - 1.54%
Hospitality Properties Trust, REIT		161,567		5,496,509
SL Green Realty Corp., REIT (a)		78,323		6,380,975
				11,877,484
Retail Trade - 1.41%
The TJX Companies, Inc.		329,730		10,904,171
Sanitary Services - 2.94%
Allied Waste Industries, Inc. *		1,631,484		17,636,342
Stericycle, Inc. *		98,397		5,067,446
				22,703,788
Software - 0.99%
Microsoft Corp.		82,450		2,339,931
Nuance Communications, Inc. *		304,363		5,298,960
				7,638,891
Telecommunications Equipment &
Services - 1.44%
Embarq Corp.		277,052		11,109,785
Telephone - 4.92%
AT&T, Inc.		648,437		24,835,137
CenturyTel, Inc.		394,800		13,123,152
				37,958,289
Tobacco - 0.85%
Altria Group, Inc.		90,060		1,999,332
Philip Morris International, Inc. *		90,060		4,555,235
				6,554,567
Toys, Amusements & Sporting Goods - 0.30%
Hasbro, Inc.		82,085		2,290,171
TOTAL COMMON STOCKS (Cost $830,351,092)			$	756,364,374
SHORT TERM INVESTMENTS - 5.80%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	30,758,488	$	30,758,488

Quantitative Value Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Lloyds Bank PLC
2.70% due 04/01/2008	$	13,970,000	$	13,970,000
TOTAL SHORT TERM INVESTMENTS
(Cost $44,728,488)			$	44,728,488
Total Investments (Quantitative Value Trust)
(Cost $875,079,580) - 103.84%			$	801,092,862
Liabilities in Excess of Other Assets - (3.84)%				(29,641,405)
TOTAL NET ASSETS - 100.00%			$	771,451,457
Real Estate Equity Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.11%
Hotels & Restaurants - 3.20%
Marriott International, Inc., Class A		146,600	$	5,037,176
Starwood Hotels & Resorts Worldwide, Inc.		51,300		2,654,775
				7,691,951
Leisure Time - 0.75%
Gaylord Entertainment Company *		59,700		1,808,313
Paper - 1.12%
Plum Creek Timber Company, Inc.		66,300		2,698,410
Real Estate - 89.04%
Alexandria Real Estate Equities, Inc., REIT (a)		30,000		2,781,600
AMB Property Corp., REIT		154,960		8,432,923
Avalon Bay Communities, Inc., REIT		74,080		7,150,202
Boston Properties, Inc., REIT		79,230		7,294,706
Brandywine Realty Trust, REIT		150,300		2,549,088
BRE Properties, Inc., Class A, REIT		148,230		6,753,359
Brookfield Properties Corp.		314,750		6,077,822
Camden Property Trust, REIT		140,600		7,058,120
CBL & Associates Properties, Inc., REIT		219,100		5,155,423
Cousins Properties, Inc., REIT (a)		144,900		3,580,479
DCT Industrial Trust, Inc., REIT		537,500		5,353,500
Douglas Emmett, Inc., REIT		144,900		3,196,494
Duke Realty Corp., REIT		191,260		4,362,641
EastGroup Properties, Inc., REIT		120,200		5,584,492
Equity One, Inc., REIT (a)		228,400		5,474,748
Equity Residential, REIT		226,510		9,397,900
Essex Property Trust, Inc., REIT		78,080		8,899,558
Federal Realty Investment Trust, REIT		53,010		4,132,130
General Growth Properties, Inc., REIT		163,560		6,243,085
Highwoods Properties, Inc., REIT		95,800		2,976,506
Host Hotels & Resorts, Inc., REIT		236,990		3,772,881
Kilroy Realty Corp., REIT		104,720		5,142,799
Kimco Realty Corp., REIT		228,100		8,934,677
LaSalle Hotel Properties, REIT		162,570		4,670,636
Mack-California Realty Corp., REIT		121,750		4,347,693
Mitsubishi Estate Company, Ltd.		163,000		3,994,936
Post Properties, Inc., REIT		54,800		2,116,376
ProLogis, REIT		141,090		8,304,557
Public Storage, Inc., REIT		56,980		5,049,568
Regency Centers Corp., REIT		105,240		6,815,342
Simon Property Group, Inc., REIT		172,680		16,043,699

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

270

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Estate Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
SL Green Realty Corp., REIT (a)		61,320	$	4,995,740
The Macerich Company, REIT		133,130		9,355,045
The St. Joe Company, REIT (a)		97,600		4,189,968
Vornado Realty Trust, REIT		105,900		9,129,639
Weingarten Realty Investors, REIT (a)		148,800		5,124,672
				214,443,004
TOTAL COMMON STOCKS (Cost $256,549,431)			$	226,641,678
CORPORATE BONDS - 2.21%
Real Estate - 2.21%
BRE Properties Inc
4.125% due 08/15/2026		1,721,000		1,595,806
General Growth Properties, Inc.
3.98% due 04/15/2027 (g)		4,730,000		3,736,700
				5,332,506
TOTAL CORPORATE BONDS (Cost $5,412,756)			$	5,332,506
CONVERTIBLE BONDS - 1.16%
Real Estate - 1.16%
Kilroy Realty LP
3.25% due 04/15/2012 (g)		3,400,000		2,783,271
TOTAL CONVERTIBLE BONDS (Cost $3,286,721)			$	2,783,271
SHORT TERM INVESTMENTS - 9.61%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	23,147,222	$	23,147,222
TOTAL SHORT TERM INVESTMENTS
(Cost $23,147,222)			$	23,147,222
REPURCHASE AGREEMENTS - 2.98%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$7,177,319 on 04/01/2008,
collateralized by $7,305,000
Federal Farm Credit Bank, 3.9%
due 03/20/2013 (valued at
$7,323,263, including interest)	$	7,177,000	$	7,177,000
TOTAL REPURCHASE AGREEMENTS
(Cost $7,177,000)			$	7,177,000
Total Investments (Real Estate Equity Trust)
(Cost $295,573,130) - 110.07%			$	265,081,677
Liabilities in Excess of Other Assets - (10.07)%				(24,249,731)
TOTAL NET ASSETS - 100.00%			$	240,831,946
Real Estate Securities Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.76%
Hotels & Restaurants - 0.69%
Starwood Hotels & Resorts Worldwide, Inc.		76,441	$	3,955,822

Real Estate Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Real Estate - 99.07%
Apartment Investment & Management
Company, Class A, REIT		229,834	$	8,230,356
Avalon Bay Communities, Inc., REIT		354,774		34,242,786
BioMed Realty Trust, Inc., REIT		518,489		12,386,702
Boston Properties, Inc., REIT		299,850		27,607,190
BRE Properties, Inc., Class A, REIT		325,490		14,829,324
Camden Property Trust, REIT		160,050		8,034,510
Colonial Properties Trust, REIT (a)		235,725		5,669,186
Digital Realty Trust, Inc., REIT (a)		436,329		15,489,680
Douglas Emmett, Inc., REIT		269,200		5,938,552
Entertainment Properties Trust, REIT		91,794		4,528,198
Equity Lifestyle Properties, Inc., REIT		218,828		10,803,538
Equity Residential, REIT		568,984		23,607,146
Extra Space Storage, Inc., REIT		77,100		1,248,249
Federal Realty Investment Trust, REIT (a)		275,583		21,481,695
General Growth Properties, Inc., REIT		1,012,394		38,643,079
HCP, Inc., REIT (a)		402,800		13,618,668
Host Hotels & Resorts, Inc., REIT		1,465,644		23,333,052
Kilroy Realty Corp., REIT		82,600		4,056,486
Kite Realty Group Trust, REIT		363,650		5,091,100
LaSalle Hotel Properties, REIT		101,600		2,918,968
Liberty Property Trust, REIT		177,900		5,534,469
LTC Properties, Inc., REIT		215,335		5,536,263
Maguire Properties, Inc., REIT		47,500		679,725
Medical Properties Trust, Inc., REIT		270,300		3,059,796
Nationwide Health Properties, Inc., REIT (a)		496,806		16,767,203
Post Properties, Inc., REIT (a)		192,900		7,449,798
ProLogis, REIT		745,765		43,895,728
Public Storage, Inc., REIT		389,880		34,551,166
Regency Centers Corp., REIT		344,322		22,298,293
Saul Centers, Inc., REIT		88,800		4,461,312
Senior Housing Properties Trust, REIT		335,150		7,943,055
Simon Property Group, Inc., REIT		600,129		55,757,985
Tanger Factory Outlet Centers, Inc., REIT (a)		264,000		10,156,080
Taubman Centers, Inc., REIT (a)		208,150		10,844,615
The Macerich Company, REIT		133,420		9,375,423
Ventas, Inc., REIT		256,220		11,506,840
Vornado Realty Trust, REIT (a)		435,650		37,557,387
				569,133,603
TOTAL COMMON STOCKS (Cost $613,779,219)			$	573,089,425
SHORT TERM INVESTMENTS - 12.37%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	71,062,638	$	71,062,638
TOTAL SHORT TERM INVESTMENTS
(Cost $71,062,638)			$	71,062,638

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

271

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Estate Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.98%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$11,386,506 on 04/01/2008,
collateralized by $11,555,000
Federal Home Loan Mortgage
Corp., 5.51% due 01/23/2023
(valued at $11,615,548, including
interest)	$	11,386,000	$	11,386,000
TOTAL REPURCHASE AGREEMENTS
(Cost $11,386,000)			$	11,386,000
Total Investments (Real Estate Securities Trust)
(Cost $696,227,857) - 114.11%			$	655,538,063
Liabilities in Excess of Other Assets - (14.11)%				(81,036,007)
TOTAL NET ASSETS - 100.00%			$	574,502,056
Real Return Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 95.59%
Treasury Inflation Protected
Securities (d) - 95.07%
0.875% TBA **	$	10,500,834	$	10,746,123
1.625% due 01/15/2015		34,136,872		36,209,083
1.75% due 01/15/2028		17,247,875		17,098,301
1.875% TBA **		74,530,055		80,451,692
1.875% due 07/15/2013		129,054,240		139,197,129
2.00% due 01/15/2014 to 01/15/2026		224,561,537		239,186,778
2.375% TBA **		103,627,979		112,752,112
2.375% due 01/15/2017 to 01/15/2027		26,123,088		28,859,846
2.50% due 07/15/2016		17,395,638		19,595,908
3.375% due 01/15/2012 to 04/15/2032		18,597,789		23,416,008
3.50% due 01/15/2011		73,687,176		81,487,627
3.625% due 04/15/2028		65,012,073		84,302,390
3.875% due 04/15/2029		50,707,012		68,545,587
4.25% due 01/15/2010		52,312,416		56,758,971
				998,607,555
U.S. Treasury Notes - 0.52%
3.625% due 12/31/2012		1,800,000		1,899,844
4.25% due 11/15/2017		3,330,000		3,555,817
				5,455,661
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $992,671,145)		$ 1,004,063,216
U.S. GOVERNMENT AGENCY OBLIGATIONS - 46.76%
Federal Home Loan Mortgage Corp. - 18.50%
4.50% due 05/15/2017		262,445		266,624
4.557% due 01/01/2034		331,539		335,390
5.50% due 12/01/2036 to 01/01/2038		48,956,306		49,484,938
5.50% TBA **		56,500,000		57,047,372
5.516% due 08/01/2036 (b)		856,602		866,379
6.00% due 10/01/2031 to 11/01/2037		65,434,042		67,170,209
6.685% due 10/01/2036 (b)		4,646,563		4,740,722
6.705% due 09/01/2036 (b)		7,515,250		7,701,213

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
6.744% due 07/01/2036 (b)	$	6,585,952	$	6,753,950
				194,366,797
Federal National Mortgage
Association - 27.65%
4.579% due 07/01/2035		2,874,613		2,892,981
4.669% due 01/01/2035		396,658		401,305
5.00% due 05/01/2036 to 06/01/2036		8,553,513		8,476,222
5.50% due 10/01/2036 to 01/01/2038		103,915,376		104,999,588
5.50% TBA **		25,800,000		26,041,875
5.722% due 03/01/2044 to 09/01/2044		3,542,112		3,521,276
5.722% due 10/01/2044 (b)		138,370		137,877
6.00% due 04/01/2021 to 12/01/2037		95,847,339		98,312,532
6.00% TBA **		7,000,000		7,233,516
6.50% due 02/01/2029 to 02/01/2037		1,062,161		1,105,319
6.50% TBA **		36,000,000		37,282,500
				290,404,991
Government National Mortgage
Association - 0.61%
5.50% TBA **		100,000		102,430
6.00% due 10/15/2028 to 07/15/2037		2,393,815		2,475,099
6.00% TBA **		2,800,000		2,899,310
6.50% due 09/15/2037		879,179		914,902
				6,391,741
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $484,350,329)			$	491,163,529
FOREIGN GOVERNMENT OBLIGATIONS - 3.24%
Japan - 2.73%
Government of Japan
0.80% due 12/10/2015	JPY	634,410,000		6,249,906
1.10% due 12/10/2016		1,072,140,000		10,739,685
1.20% due 06/10/2017		1,010,000,000		10,133,437
1.20% due 12/10/2017		150,450,000		1,507,217
				28,630,245
United Kingdom - 0.51%
Government of United Kingdom
6.5791% due 05/20/2009	GBP	1,000,000		5,354,905
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $30,057,088)			$	33,985,150
CORPORATE BONDS - 27.49%
Advertising - 0.12%
Omnicom Group, Inc.
5.90% due 04/15/2016	$	1,250,000		1,242,090
Automobiles - 0.48%
DaimlerChrysler NA Holding Corp., MTN
3.2175% due 03/13/2009 (b)		5,100,000		5,036,949
Banking - 9.79%
Bank of America Corp.
3.155% due 11/06/2009 (b)		700,000		694,842
Bank of America Corp., Series MTNJ
3.22% due 02/17/2009 (b)		2,100,000		2,098,179

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

272

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Bank of America NA, BKNT
2.7637% due 12/18/2008 (b)	$	700,000	$	698,393
Bank of Ireland, MTN
2.5887% due 12/19/2008 (b)		6,400,000		6,393,702
2.8137% due 12/18/2009 (b)		900,000		897,394
Barclays Bank PLC
5.45% due 09/12/2012		7,300,000		7,476,959
6.05% due 12/04/2017 (g)		7,500,000		7,315,297
7.434% due 09/29/2049 (b)(g)		700,000		632,859
Charter One Bank N.A., BKNT
3.2938% due 04/24/2009 (b)		5,900,000		5,864,399
Commonwealth Bank of Australia
3.0981% due 06/08/2009 (b)(g)		300,000		299,931
Credit Agricole SA
3.09% due 05/28/2009 (b)(g)		5,500,000		5,504,191
DnB NORBank ASA
4.4468% due 10/13/2009 (b)(g)		900,000		900,831
Export-Import Bank of Korea, Series 97
4.9006% due 10/04/2011 (b)(g)		1,200,000		1,201,049
Fortis Bank
3.0669% due 06/30/2008 (b)		5,400,000		5,397,986
4.78% due 09/30/2008 (b)		10,500,000		10,484,670
HSBC Finance Corp.
3.07% due 05/21/2008 (b)		1,100,000		1,100,453
3.9537% due 10/21/2009 (b)		1,600,000		1,544,240
National Australia Bank, Ltd.
1.00% due 02/08/2010 (b)(g)		9,300,000		9,303,806
Nordea Bank Finland PLC, Series YCD
3.0456% due 04/09/2009		5,200,000		5,195,320
5.2975% due 05/28/2008		3,100,000		3,101,503
Royal Bank of Scotland Group PLC
3.9437% due 07/21/2008 (b)(g)		300,000		299,504
7.0916% due 10/29/2049	EUR	500,000		702,614
Santander Perpetual SA Unipersonal
6.671% due 10/29/2049 (b)(g)	$	3,100,000		2,793,599
Santander US Debt SA Unipersonal
2.6588% due 09/19/2008 (b)(g)		400,000		398,886
3.0743% due 11/20/2009 (g)		4,700,000		4,649,423
Skandinaviska Enskilda Banken AB, Series YCD
3.06% due 02/13/2009 (b)		900,000		899,581
UBS AG/Stamford Branch, Series DPNT
5.875% due 12/20/2017		1,200,000		1,226,554
Unicredit Luxembourg Finance SA
3.7675% due 10/24/2008 (b)(g)		1,300,000		1,298,640
Unicredito Italiano, Series YCD
3.085% due 05/29/2008 (b)		4,100,000		4,101,378
3.135% due 05/06/2008 (b)		1,100,000		1,100,224
Wachovia Bank NA, BKNT
3.0925% due 02/23/2009 (b)		2,400,000		2,385,557
3.1456% due 12/02/2010 (b)		1,700,000		1,622,684
Westpac Banking Corp., Series DPNT
3.04% due 06/06/2008 (b)		4,700,000		4,699,098
World Savings Bank FSB, BKNT
2.5918% due 06/20/2008 (b)		300,000		300,010
3.1675% due 05/08/2009 (b)		300,000		300,430
				102,884,186

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable & Television - 0.34%
EchoStar DBS Corp.
7.00% due 10/01/2013	$	3,800,000	$	3,581,500
Cellular Communications - 0.45%
America Movil SAB de CV
2.755% due 06/27/2008 (b)		4,800,000		4,740,000
Financial Services - 9.85%
Abbey National Treasury Services PLC, Series YCD
3.0693% due 07/02/2008 (b)		4,100,000		4,088,012
American Express Bank FSB, BKNT
6.00% due 09/13/2017		2,700,000		2,632,168
American Express Centurion Bank, BKNT
3.075% due 05/07/2008 (b)		400,000		399,920
6.00% due 09/13/2017		2,600,000		2,522,143
American Express Company
7.00% due 03/19/2018		1,890,000		1,984,158
8.15% due 03/19/2038		540,000		598,429
Bear Stearns Companies, Inc.
6.95% due 08/10/2012		3,000,000		3,001,479
7.25% due 02/01/2018		1,000,000		1,033,391
C10 Capital SPV, Ltd.
6.722% due 12/01/2049 (b)(g)		400,000		369,640
Calyon New York
5.3356% due 01/16/2009		4,100,000		4,097,335
Citigroup Capital XXI
8.30% due 12/21/2057 (b)		1,300,000		1,280,985
Citigroup Funding, Inc., MTN
2.5987% due 04/23/2009 (b)		5,300,000		5,234,439
Citigroup, Inc.
2.695% due 12/26/2008 (b)		1,000,000		998,574
2.7012% due 12/28/2009 (b)		4,900,000		4,797,159
3.1618% due 05/02/2008 (b)		700,000		699,726
3.2912% due 01/30/2009 (b)		700,000		693,717
Ford Motor Credit Company
7.25% due 10/25/2011		2,150,000		1,766,062
Ford Motor Credit Company LLC
7.80% due 06/01/2012		150,000		123,731
General Electric Capital Corp.
5.50% due 09/15/2067 (b)(g)	EUR	5,400,000		7,701,705
6.375% due 11/15/2067 (b)	$	1,500,000		1,467,779
General Electric Capital Corp., MTN
2.9413% due 12/12/2008 (b)		600,000		601,168
3.2437% due 10/24/2008 (b)		700,000		699,397
3.2737% due 10/26/2009 (b)		800,000		791,918
Goldman Sachs Group, Inc.
2.9713% due 06/28/2010 (b)		3,500,000		3,410,277
6.75% due 10/01/2037		6,400,000		5,954,131
Goldman Sachs Group, Inc., MTN
2.6387% due 12/23/2008 (b)		4,800,000		4,769,438
Goldman Sachs Group, Inc., Series B, MTN
2.6887% due 12/22/2008 (b)		4,800,000		4,765,675
Green Valley, Ltd.
8.3758% due 01/10/2012 (b)(g)	EUR	500,000		795,689
JP Morgan Chase & Company, Series 1
2.6562% due 06/26/2009 (b)	$	500,000		496,676
Lehman Brothers Holdings, Inc.
7.00% due 09/27/2027		500,000		462,166
Lehman Brothers Holdings, Inc., MTN
2.6487% due 12/23/2008 (b)		4,800,000		4,666,498

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

273

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Lehman Brothers Holdings, Inc., MTN (continued)
2.7275% due 11/24/2008 (b)	$	300,000	$	292,498
6.20% due 09/26/2014		200,000		197,265
Longpoint Re, Ltd.
8.05% due 05/08/2010 (b)(g)		1,000,000		1,008,751
Merna Reinsurance, Ltd., Series A
3.3463% due 07/07/2010 (b)		4,200,000		3,816,540
Merrill Lynch & Company, Inc.
6.40% due 08/28/2017		2,700,000		2,664,382
Merrill Lynch & Company, Inc., MTN
3.8875% due 10/23/2008 (b)		2,000,000		1,993,058
Merrill Lynch & Company, Inc., Series 1
2.6287% due 12/22/2008 (b)		4,800,000		4,766,942
Morgan Stanley, EMTN
4.1337% due 01/22/2009 (b)		200,000		196,290
Morgan Stanley, MTN
2.6387% due 11/21/2008 (b)		900,000		894,578
Mystic Re, Ltd.
12.09% due 12/05/2008 (b)(g)		600,000		594,300
13.09% due 06/07/2011 (b)(g)		1,700,000		1,746,694
Nisource Finance Corp.
3.6625% due 11/23/2009 (b)		400,000		388,291
Nuveen Investments, Inc.
10.50% due 11/15/2015 (g)		1,800,000		1,543,500
Phoenix Quake Wind, Ltd.
7.1525% due 07/03/2008 (b)(g)		1,500,000		1,500,300
Pylon, Ltd., Class A
6.224% due 12/18/2008 (b)	EUR	600,000		943,744
Pylon, Ltd., Class B
8.624% due 12/29/2008 (b)(g)		1,000,000		1,586,800
Rabobank Nederland
4.2775% due 01/15/2009 (b)(g)	$	500,000		499,708
Residential Reinsurance 2005, Ltd., Series A
8.5256% due 06/06/2008 (b)(g)		900,000		899,640
Residential Reinsurance 2007, Ltd., Series CL1
10.3256% due 06/07/2010 (b)(g)		2,700,000		2,736,867
Vita Capita II, Ltd.
5.6025% due 01/01/2010 (b)(g)		300,000		293,130
Vita Capital III, Ltd., Series B-II
5.8487% due 01/01/2012 (b)(g)		600,000		578,665
Wells Fargo & Company
4.375% due 01/31/2013		1,400,000		1,392,831
				103,438,359
Food & Beverages - 0.20%
Kraft Foods, Inc.
6.00% due 02/11/2013		1,100,000		1,137,249
6.125% due 02/01/2018		1,000,000		999,367
				2,136,616
Forest Products - 0.27%
Weyerhaeuser Company
3.655% due 09/24/2009 (b)		2,900,000		2,858,199
Gas & Pipeline Utilities - 1.77%
NGPL PipeCo LLC
6.514% due 12/15/2012 (g)		12,200,000		12,670,237
Rockies Express Pipeline LLC
4.25% due 08/20/2009 (b)(g)		5,900,000		5,901,221
				18,571,458

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Services - 0.02%
UnitedHealth Group, Inc.
4.875% due 02/15/2013	$	200,000	$	197,558
Hotels & Restaurants - 0.76%
Marriott International, Inc.
6.375% due 06/15/2017		5,000,000		4,963,430
Yum! Brands, Inc.
6.25% due 03/15/2018		3,000,000		3,015,309
				7,978,739
Insurance - 2.37%
American International Group, Inc.
2.5987% due 06/23/2008 (b)(g)		4,800,000		4,778,693
American International Group, Inc., MTN
5.85% due 01/16/2018		4,100,000		4,023,498
Atlas Reinsurance PLC
8.69% due 01/10/2010 (b)(g)	EUR	8,900,000		14,296,754
Everest Reinsurance Holdings, Inc.
5.40% due 10/15/2014	$	1,000,000		1,034,603
Foundation Re II, Ltd.
9.82% due 11/26/2010 (b)(g)		700,000		711,361
				24,844,909
Publishing - 0.24%
Pearson Dollar Finance PLC
5.70% due 06/01/2014 (g)		2,500,000		2,554,413
Retail - 0.55%
Federated Retail Holdings, Inc.
5.90% due 12/01/2016		1,000,000		888,774
Home Depot, Inc.
5.40% due 03/01/2016		1,250,000		1,174,931
Target Corp.
6.00% due 01/15/2018		1,000,000		1,023,669
Wal-Mart Stores, Inc.
2.70% due 06/16/2008 (b)		2,700,000		2,700,165
				5,787,539
Retail Trade - 0.18%
Black & Decker Corp.
4.75% due 11/01/2014		1,000,000		928,162
Macys Retail Holdings, Inc.
7.45% due 07/15/2017		1,000,000		975,081
				1,903,243
Telephone - 0.10%
Qwest Capital Funding, Inc.
7.00% due 08/03/2009		1,000,000		995,000
TOTAL CORPORATE BONDS (Cost $287,239,318)		$		288,750,758
MUNICIPAL BONDS - 1.07%
California - 0.31%
California County California Tobacco Securitization
Agency, Tobacco Settlement Asset-Backed
Bonds (Fresno County Tobacco Funding Corp.)
5.625% due 06/01/2023		80,000		77,652
Golden State Tobacco Securitization Corp.,
California Tobacco Settlement Revenue, Series
A-1
5.75% due 06/01/2047		100,000		88,249

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

274

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
MUNICIPAL BONDS (continued)
California (continued)
Los Angeles Department of Water & Power
5.00% due 07/01/2037	$	3,100,000	$	3,076,192
				3,242,093
New York - 0.09%
New York City Municipal Water Finance Authority,
Water & Sewer Revenue, Series A
5.00% due 06/15/2038		800,000		793,776
New York City Municipal Water Finance Authority,
Water & Sewer Revenue, Series D
4.75% due 06/15/2038		200,000		189,260
				983,036
Ohio - 0.09%
Buckeye Tobacco Settlement Financing Authority
6.00% due 06/01/2042		1,000,000		917,630
Rhode Island - 0.06%
Tobacco Settlement Financing Corp., Tobacco
Settlement Asset-Backed Bonds, Series A
6.00% due 06/01/2023		600,000		586,176
Texas - 0.41%
State of Texas
4.75% due 04/01/2037		4,600,000		4,364,250
West Virginia - 0.11%
Tobacco Settlement Finance Authority of West
Virginia, Tobacco Settlement Funded
7.467% due 06/01/2047		1,200,000		1,144,032
TOTAL MUNICIPAL BONDS (Cost $11,793,417)			$	11,237,217
COLLATERALIZED MORTGAGE
OBLIGATIONS - 17.05%
American Home Mortgage Investment Trust, Series
2005-2, Class 5A2
2.7487% due 09/25/2035 (b)		33,725		33,554
Banc of America Commercial Mortgage, Inc.,
Series 2006-5, Class A4
5.414% due 09/10/2047		600,000		589,414
Banc of America Funding Corp., Series 2006-A,
Class 1A1
4.6223% due 02/20/2036 (b)		1,978,772		1,893,964
Banc of America Funding Corp., Series 2006-J,
Class 4A1
6.1421% due 01/20/2047 (b)		1,477,006		1,278,781
Banc of America Large Loan, Inc., Series
2007-BMB1, Class A1
5.5375% due 08/15/2029 (b)(g)		6,305,057		6,061,524
Bank of America Mortgage Securities, Inc., Series
2004-1, Class 5A1
6.50% due 02/25/2033		164,577		162,212
BCAP LLC Trust, Series 2006-AA2, Class A1
2.7687% due 01/25/2037 (b)		1,215,420		855,011
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-3, Class 3A2
4.4748% due 05/25/2033 (b)		325,240		309,770
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-10, Class 21A1
4.8728% due 01/25/2035 (b)		8,823,641		8,541,616

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A1
4.125% due 03/25/2035 (b)	$	2,633,103	$	2,516,461
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A2
4.125% due 03/25/2035 (b)		1,330,528		1,267,670
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-5, Class A1
4.55% due 08/25/2035 (b)		846,131		821,503
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-5, Class A2
4.55% due 08/25/2035 (b)		1,282,635		1,222,165
Bear Stearns Alt-A Trust, Series 2005-10, Class
24A1
5.882% due 01/25/2036 (b)		5,011,251		3,936,986
Bear Stearns Alt-A Trust, Series 2005-7, Class 22A1
5.525% due 09/25/2036 (b)		6,098,943		5,004,009
Bear Stearns Alt-A Trust, Series 2006-8, Class 3A1
5.025% due 01/25/2037 (b)		2,952,055		2,322,841
Bear Stearns Asset Backed Securities, Inc., Series
2006-IM1, Class A4
2.6887% due 04/25/2036 (b)		47,690		47,366
Bear Stearns Commercial Mortgage Securities,
Series 1998-C1, Class A2
6.44% due 06/16/2030		309,022		309,118
Bear Stearns Structured Products, Inc., Series
2007-R6, Class 1A1
5.6815% due 01/26/2036 (b)		5,197,030		4,394,839
Bear Stearns Structured Products, Inc., Series
2007-R6, Class 2A1
5.7815% due 12/25/2046 (b)		5,284,926		4,375,937
Bear Stearns Structured Products, Inc., Series
2007-R7, Class A1
2.8062% due 01/25/2037 (b)(g)		5,262,649		5,000,385
Citigroup Mortgage Loan Trust, Inc., Series
2005-11, Class 1A1
4.90% due 12/25/2035 (b)		119,666		113,889
Citigroup Mortgage Loan Trust, Inc., Series
2005-11, Class A2A
4.70% due 12/25/2035		2,499,431		2,427,805
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A1
4.7475% due 08/25/2035 (b)		1,042,377		1,035,074
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A2
4.2475% due 08/25/2035 (b)		984,522		933,837
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A3
4.0975% due 08/25/2035 (b)		160,073		159,619
Countrywide Alternative Loan Trust, Series
2006-OA12, Class A1A
5.0288% due 09/20/2046 (b)		223,718		218,610
Countrywide Alternative Loan Trust, Series
2006-OA19, Class A1
2.7156% due 02/20/2047 (b)		950,539		713,198
Countrywide Alternative Loan Trust, Series
2007-OA7, Class A1A
2.7787% due 05/25/2047 (b)		338,150		256,104
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2003-HYB3, Class 7A1
3.7779% due 11/19/2033 (b)		152,875		144,327

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

275

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB5, Class 2A1
4.842% due 04/20/2035 (b)	$	1,479,066	$	1,404,992
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2005-R2, Class 1AF1
2.9387% due 06/25/2035 (b)(g)		442,046		389,127
Countrywide Home Loans, Series 2005-3, Class 1A2
2.8887% due 04/25/2035 (b)		1,297,917		1,024,431
Credit Suisse Mortgage Capital Certificates, Series
2007-C3, Class A4
5.7232% due 06/15/2039 (b)		910,000		903,432
CS First Boston Mortgage Securities Corp., Series
2005-C6, Class A1
4.938% due 12/15/2040		495,696		493,835
Deutsche ALT-A Securities, Inc., Alternate Loan
Trust, Series 2006-AB4, Class A1B1
3.235% due 10/25/2036 (b)		514,757		489,196
Deutsche ALT-A Securities, Inc., Alternate Loan
Trust, Series 2006-AR6, Class A1
2.6787% due 01/25/2037 (b)		1,187,575		1,112,443
Federal Home Loan Mortgage Corp., REMICS,
Series 2002-2504, Class J
5.50% due 05/15/2016		5,380,714		5,485,346
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3336, Class GA
5.00% due 05/15/2027		5,124,568		5,200,302
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3346, Class FA
2.9675% due 02/15/2019 (b)		19,924,515		19,785,912
Federal Home Loan Mortgage Corp., Series
2003-2608, Class FJ
3.2175% due 03/15/2017 (b)		819,985		823,482
Federal Home Loan Mortgage Corp., Series
2006-3253, Class A
5.00% due 08/15/2020		3,847,677		3,970,640
Federal Home Loan Mortgage Corp., Series
2007-3266, Class C
5.00% due 02/15/2020		3,927,007		4,035,810
Federal Home Loan Mortgage Corp., Series
2007-3335, Class AF
2.9675% due 10/15/2020 (b)		9,619,640		9,291,897
Federal Home Loan Mortgage Corp., Series
2007-3335, Class BF
2.97% due 07/15/2019 (b)		9,578,814		9,277,249
Federal Home Loan Mortgage Corp., Series 2638,
Class FA
3.2175% due 11/15/2016 (b)		716,834		713,024
Federal Home Loan Mortgage Corp., Series 2672,
Class TN
4.00% due 03/15/2023		117,390		117,576
Federal Home Loan Mortgage Corp., Series 2752,
Class FM
3.1675% due 12/15/2030 (b)		252,374		246,690
Federal Home Loan Mortgage Corp., Series 2905,
Class UY
4.00% due 10/15/2023		325,347		326,024
Federal Home Loan Mortgage Corp., Series T-63,
Class 1A1
5.722% due 02/25/2045 (b)		1,758,278		1,702,609

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Structured
Pass Through Securities, Series T-62, Class
1A1
5.722% due 10/25/2044 (b)	$	55,463	$	54,895
Federal National Mortgage Association Whole
Loan, Series 2003-W8, Class 3F2
2.9562% due 05/25/2042 (b)		175,130		171,685
Federal National Mortgage Association Whole
Loan, Series 2004-W9, Class 1A2
5.95% due 02/25/2044		544,897		556,377
Federal National Mortgage Association, REMICS,
Series 2007-73, Class A1
2.6662% due 07/25/2037 (b)		5,202,257		4,764,991
Federal National Mortgage Association, Series
2004-63, Class FA
2.7562% due 08/25/2034 (b)		223,530		216,793
Federal National Mortgage Association, Series
2006-118, Class A2
2.6662% due 12/25/2036 (b)		359,447		344,573
Federal National Mortgage Association, Series
2006-5, Class 3A2
4.6714% due 02/25/2036 (b)		1,900,000		1,910,626
First Horizon Alternative Mortgage Securities,
Series 2004-AA1, Class A1
4.7129% due 06/25/2034 (b)		612,634		545,932
First Horizon Asset Securities, Inc., Series
2005-AR3, Class 2A1
5.3699% due 08/25/2035 (b)		1,066,681		1,002,837
Fremont Home Loan Trust, Series 2005-E, Class
2A2
2.7687% due 01/25/2036 (b)		26,157		26,064
Greenpoint Mortgage Funding Trust, Series
2005-AR1, Class A2
2.8187% due 06/25/2045 (b)		701,296		525,740
Greenpoint Mortgage Funding Trust, Series
2006-AR6, Class A1A
2.6787% due 10/25/2046 (b)		416,620		375,034
Greenpoint Mortgage Funding Trust, Series
2006-AR8, Class 1A1A
2.6787% due 01/25/2047 (b)		670,162		636,182
Harborview Mortgage Loan Trust, Series 2005-2,
Class 2A1A
2.7787% due 05/19/2035 (b)		174,548		137,288
Harborview Mortgage Loan Trust, Series 2006-1,
Class 2A1A
2.7987% due 03/19/2037 (b)		642,120		482,952
Harborview Mortgage Loan Trust, Series 2006-12,
Class 2A11
5.055% due 01/19/2038 (b)		220,052		207,207
HSI Asset Securitization Corp. Trust, Series
2006-OPT1, Class 2A1
2.6787% due 12/25/2035 (b)		34,868		34,703
HSI Asset Securitization Corp. Trust, Series
2007-WF1, Class 2A1
2.6587% due 05/25/2037 (b)		1,946,822		1,839,444
Impac Secured Assets Corp., Series 2006-4, Class
A2A
4.945% due 01/25/2037 (b)		201,934		190,113
Indymac Index Mortgage Loan Trust, Series
2004-AR11, Class 2A
5.0515% due 12/25/2034 (b)		628,563		572,405

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

276

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Indymac Index Mortgage Loan Trust, Series
2006-AR14, Class 1A1A
4.955% due 11/25/2046 (b)	$	542,209	$	504,752
JP Morgan Mortgage Trust, Series 2005-A1, Class
6T1
5.0226% due 02/25/2035 (b)		3,816,540		3,469,179
JP Morgan Mortgage Trust, Series 2007-A1, Class
3A3
5.012% due 07/25/2035 (b)		1,721,040		1,663,836
Lehman XS Trust, Series 2006-16N, Class A1A
2.6787% due 11/25/2046 (b)		629,186		595,728
Lehman XS Trust, Series 2006-4N, Class A1A
2.6787% due 04/25/2046 (b)		335,376		330,944
Master Adjustable Rate Mortgages Trust, Series
2004-13, Class 3A7
3.7865% due 11/21/2034 (b)		500,000		476,212
Mellon Residential Funding Corp., Series
2000-TBC3, Class A1
3.5612% due 12/15/2030 (b)		528,530		508,597
Mellon Residential Funding Corp., Series
2001-TBC1, Class A1
3.1675% due 11/15/2031 (b)		691,348		623,146
Merrill Lynch Floating Trust, Series 2006-1, Class A1
2.8875% due 06/15/2022 (b)(g)		168,309		157,488
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 1A
4.25% due 10/25/2035 (b)		5,348,445		5,017,625
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 2A
4.25% due 10/25/2035 (b)		2,810,621		2,711,078
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 3A
3.5987% due 10/25/2035 (b)		701,584		635,838
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 4A
2.8488% due 11/25/2035 (b)		610,281		550,821
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 5A
2.8487% due 11/25/2035 (b)		597,655		443,761
Merrill Lynch Mortgage Investors, Inc., Series
2005-A10, Class A
2.8087% due 02/25/2036 (b)		2,625,461		2,105,814
Residential Accredit Loans, Inc., Series 2005-QO1,
Class A1
2.8987% due 08/25/2035 (b)		274,872		213,064
Securitized Asset Sales, Inc., Series 1993-6, Class
A5
7.2822% due 11/26/2023 (b)		8,079		7,896
Sequoia Mortgage Trust, Series 5, Class A
2.9088% due 10/19/2026 (b)		239,655		227,394
Small Business Administration, Series 2008-10A,
Class 1
5.902% due 02/01/2018		1,000,000		1,000,000
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-1, Class 4A2
4.58% due 02/25/2034 (b)		399,373		380,318
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-19, Class 2A1
6.062% due 01/25/2035 (b)		195,506		185,093

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Structured Adjustable Rate Mortgage Loan Trust,
Series 2005-17, Class 3A1
5.54% due 08/25/2035 (b)	$	521,083	$	438,228
Structured Asset Mortgage Investments, Inc.,
Series 2004-AR5, Class 1A1
2.8887% due 10/19/2034 (b)		224,307		194,953
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A1
2.8087% due 07/19/2035 (b)		449,656		333,442
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A2
2.8087% due 07/19/2035 (b)		921,778		792,703
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A3
2.8087% due 07/19/2035 (b)		1,813,927		1,416,021
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR4, Class 2A1
5.055% due 06/25/2036 (b)		170,658		129,413
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR7, Class A8
2.6687% due 08/25/2036 (b)		304,806		298,130
Structured Asset Mortgage Investments, Inc.,
Series 2007-AR3, Class 1A1
2.6987% due 09/25/2036 (b)		1,135,224		1,077,916
Structured Asset Securities Corp., Series
2006-NC1, Class A6
2.6487% due 05/25/2036 (b)		40,079		38,189
TBW Mortgage Backed Pass Through Certificates,
Series 2006-4, Class A1B
2.6987% due 09/25/2036 (b)		47,850		46,919
TBW Mortgage Backed Pass Through Certificates,
Series 2006-6, Class A1
2.7087% due 01/25/2037 (b)		638,067		607,282
Thornburg Mortgage Securities Trust, Series
2006-2, Class A2A
2.7087% due 04/30/2036 (b)		82,242		80,768
Thornburg Mortgage Securities Trust, Series
2006-5, Class A1
2.7187% due 08/25/2036 (b)		1,445,231		1,349,554
Thornburg Mortgage Securities Trust, Series
2006-6, Class A1
2.7087% due 12/26/2036 (b)		3,419,845		3,241,195
Thornburg Mortgage Securities Trust, Series
2007-2, Class A2A
3.265% due 06/25/2037 (b)		3,598,492		3,349,703
WaMu Mortgage Pass-Through Certificates, Series
2002-AR17, Class 1A
5.526% due 11/25/2042 (b)		60,380		57,324
WaMu Mortgage Pass-Through Certificates, Series
2005-AR15, Class A1A1
2.8588% due 11/25/2045 (b)		276,109		222,429
WaMu Mortgage Pass-Through Certificates, Series
2006-AR17, Class 1A1A
5.136% due 12/25/2046 (b)		222,760		173,268
WaMu Mortgage Pass-Through Certificates, Series
2006-AR3, Class A1A
5.326% due 02/25/2046 (b)		1,610,560		1,253,506
Washington Mutual Mortgage Pass Through
Certificates, Series 2006-AR9, Class 1A
5.326% due 08/25/2046 (b)		2,689,607		1,878,445

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

277

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Washington Mutual, Inc., Series 2005-AR11, Class
A1B1
2.8887% due 08/25/2045 (b)	$	17,774	$	17,539
Washington Mutual, Inc., Series 2006-AR15, Class
2A
5.826% due 11/25/2046 (b)		238,892		226,283
Washington Mutual, Inc., Series 2006-AR7, Class
3A
5.572% due 07/25/2046 (b)		1,101,163		744,205
Wells Fargo Mortgage Backed Securities Trust,
Series 2004-K, Class 2A5
4.7325% due 07/25/2034 (b)		468,196		454,674
Wells Fargo Mortgage Backed Securities Trust,
Series 2004-S, Class A1
3.5408% due 09/25/2034 (b)		357,189		339,076
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR10, Class 2A12
4.11% due 06/25/2035 (b)		141,385		140,616
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $190,600,389)			$	179,047,812
ASSET BACKED SECURITIES - 8.36%
ACE Securities Corp., Series 2006-CW1, Class A2A
2.6487% due 07/25/2036 (b)		192,101		188,740
ACE Securities Corp., Series 2006-NC3, Class A2A
2.6487% due 12/25/2036 (b)		239,883		230,251
Argent Securities, Inc., Series 2006-M3, Class A2A
2.6487% due 10/25/2036 (b)		514,186		502,590
Asset Backed Funding Certificates, Series
2004-OPT5, Class A1
2.9487% due 06/25/2034 (b)		655,821		546,709
Asset Backed Funding Certificates, Series
2006-OPT3, Class A3A
2.6587% due 11/25/2036 (b)		111,770		103,163
Asset Backed Securities Corp. Home Equity,
Series 2006-HE7, Class A2
2.6487% due 11/25/2036 (b)		68,612		66,630
Bank One Issuance Trust, Series 2003-A3, Class A3
2.9275% due 12/15/2010 (b)		400,000		399,997
Bear Stearns Asset Backed Securities Trust,
Series 2007-HE7, Class 1A1
3.5987% due 08/25/2037 (b)		5,644,810		5,079,041
Bear Stearns Asset Backed Securities, Inc., Series
2002-2, Class A1
2.9287% due 10/25/2032 (b)		38,394		33,151
Bear Stearns Asset Backed Securities, Inc., Series
2004-BO1, Class 1A1
2.7987% due 09/25/2034 (b)		36,464		36,420
Bear Stearns Asset Backed Securities, Inc., Series
2005-4, Class A
2.9287% due 01/25/2036 (b)		56,337		54,778
Bear Stearns Asset Backed Securities, Inc., Series
2006-AQ1, Class 2A1
4.945% due 10/25/2036 (b)		753,209		715,756
Bear Stearns Asset Backed Securities, Inc., Series
2006-HE10, Class 21A1
2.6687% due 12/25/2036 (b)		1,390,565		1,250,465
Bear Stearns Asset Backed Securities, Inc., Series
2006-HE9, Class 1A1
2.6487% due 09/25/2036 (b)		55,096		51,444

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Centex Home Equity, Series 2006-A, Class AV1
2.6488% due 06/25/2036 (b)	$	0	$	0
Chase Credit Card Master Trust, Series 2003-3,
Class A
2.9275% due 10/15/2010 (b)		400,000		400,074
Chase Credit Card Master Trust, Series 2003-6,
Class A
2.928% due 02/15/2011 (b)		900,000		896,201
Chase Issuance Trust, Series 2005-A1, Class A1
2.8275% due 12/15/2010 (b)		300,000		299,986
Citigroup Commercial Mortgage Trust, Series
2006-FL2, Class A1
5.0975% due 10/01/2036 (b)(g)		27,087		25,281
Citigroup Mortgage Loan Trust, Inc., Series
2006-WFH4, Class A1
2.6487% due 11/25/2036 (b)		111,131		108,532
Citigroup Mortgage Loan Trust, Inc., Series
2007-AMC2, Class A3A
2.6787% due 01/25/2037 (b)		2,393,927		2,285,415
Commercial Mortgage Pass Through Certificates,
Series 1999-1, Class A2
6.455% due 05/15/2032		297,599		297,611
Countrywide Asset-Backed Certificates, Series
2006-1, Class AF1
4.995% due 02/25/2036 (b)		7,384		7,384
Countrywide Asset-Backed Certificates, Series
2006-11, Class 3AV1
4.925% due 09/25/2046 (b)		190,081		186,084
Countrywide Asset-Backed Certificates, Series
2006-13, Class 3AV1
4.915% due 01/25/2037 (b)		218,684		216,190
Countrywide Asset-Backed Certificates, Series
2006-15, Class A1
4.975% due 10/25/2036 (b)		448,700		434,015
Countrywide Asset-Backed Certificates, Series
2006-18, Class 2A1
4.915% due 03/25/2037 (b)		341,335		327,546
Countrywide Asset-Backed Certificates, Series
2006-21, Class 2A1
4.915% due 05/25/2037 (b)		177,085		168,429
Countrywide Asset-Backed Certificates, Series
2006-22, Class 2A1
4.915% due 12/25/2036 (b)		254,947		246,542
Countrywide Asset-Backed Certificates, Series
2006-23, Class 2A1
2.6487% due 11/25/2037 (b)		2,828,844		2,736,128
Countrywide Asset-Backed Certificates, Series
2006-4, Class 2A1
4.935% due 07/25/2036 (b)		21,663		21,663
Countrywide Asset-Backed Certificates, Series
2006-8, Class 2A1
4.895% due 01/25/2046 (b)		466,740		457,183
Credit-Based Asset Servicing and Securitization
LLC, Series 2007-CB6, Class A1
2.7187% due 07/25/2037 (b)(g)		1,183,892		1,115,021
Equity One ABS, Inc., Series 2004-1, Class AV2
2.8987% due 04/25/2034 (b)		88,483		76,025
Federal Home Loan Mortgage Corp. Structured
Pass Through Securities, Series T-32, Class A1
2.8587% due 08/25/2031 (b)		112,284		110,395

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

278

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2005-FFH2, Class A2
2.8487% due 04/25/2035 (b)(g)	$	36,275	$	36,197
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2006-FF1, Class 2A1
2.6887% due 01/25/2036 (b)		20,999		20,935
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2006-FF15, Class A3
2.6487% due 11/25/2036 (b)		1,308,839		1,183,727
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2006-FF16, Class 2A1
2.6487% due 12/25/2036 (b)		142,864		135,402
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2006-FF18, Class A2A
2.6687% due 12/25/2037 (b)		2,692,529		2,539,987
First NLC Trust, Series 2007-1, Class A1
2.6687% due 08/25/2037 (b)(g)		4,607,599		4,415,374
First USA Credit Card Master Trust, Series 1998-6,
Class A
2.935% due 04/18/2011 (b)		1,300,000		1,298,411
Fremont Home Loan Trust, Series 2006-C, Class
2A1
2.6487% due 10/25/2036 (b)		100,286		96,659
Fremont Home Loan Trust, Series 2006-E, Class
2A1
2.6587% due 01/25/2037		334,855		304,454
GE Capital Commercial Mortgage Corp., Series
2002-3A, Class A1
4.229% due 12/10/2037 (b)		2,876,944		2,834,453
GSAMP Trust, Series 2004-SEA2, Class A2A
2.8887% due 03/25/2034 (b)		115,305		112,977
GSAMP Trust, Series 2006-HE7, Class A2A
2.6387% due 10/25/2036 (b)		149,329		142,435
GSAMP Trust, Series 2006-S6, Class A1A
2.6687% due 10/25/2036 (b)		33,912		30,985
GSR Mortgage Loan Trust, Series 2005-HEL1,
Class A2A
4.965% due 11/25/2030 (b)		45,500		45,135
Home Equity Asset Trust, Series 2006-2, Class 2A1
2.6787% due 05/25/2036 (b)(g)		45,266		44,964
HSI Asset Securitization Corp. Trust, Series
2006-HE1, Class 2A1
2.6487% due 10/25/2036 (b)		128,686		118,405
HSI Asset Securitization Corp. Trust, Series
2006-HE2, Class 2A1
2.6487% due 12/25/2036 (b)		3,143,732		2,920,695
HSI Asset Securitization Corp. Trust, Series
2007-OPT1, Class 2A1
4.915% due 12/25/2036 (b)		1,355,204		1,219,676
Indymac Residential Asset Backed Trust, Series
2006-D, Class 2A1
2.6487% due 11/25/2036 (b)		158,159		155,447
JP Morgan Mortgage Acquisition Corp., Series
2006-CH1, Class A2
4.915% due 11/25/2028 (b)		213,790		201,625
JP Morgan Mortgage Acquisition Corp., Series
2006-CH2, Class AV2
2.6487% due 10/25/2036 (b)		1,580,098		1,471,614

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
JP Morgan Mortgage Acquisition Corp., Series
2006-CW2, Class AV2
2.6387% due 08/25/2036 (b)	$	89,228	$	86,940
JP Morgan Mortgage Acquisition Corp., Series
2006-HE3, Class A2
2.6687% due 11/25/2036 (b)		134,809		128,497
JP Morgan Mortgage Acquisition Corp., Series
2006-WMC3, Class A2
2.6487% due 08/25/2036 (b)		468,853		452,883
Lehman XS Trust, Series 2006-10N, Class 1A1A
4.945% due 07/25/2046 (b)		250,423		242,953
Lehman XS Trust, Series 2006-9, Class A1A
2.6687% due 05/25/2046 (b)		202,737		192,319
Long Beach Mortgage Loan Trust, Series
2005-WL2, Class 3A1
2.7787% due 07/25/2035 (b)		76,464		73,555
Long Beach Mortgage Loan Trust, Series 2006-10,
Class 2A1
2.6387% due 11/25/2036 (b)		109,577		104,118
Long Beach Mortgage Loan Trust, Series 2006-5,
Class 2A1
2.6287% due 06/25/2036 (b)		9,275		9,222
Master Asset Backed Securities Trust, Series
2006-AM3, Class A1
2.6587% due 10/25/2036 (b)		9,376		9,290
MBNA Credit Card Master Note Trust, Series
2004-A7, Class A7
2.9175% due 12/15/2011 (b)		100,000		98,971
MBNA Master Credit Card Trust, Series 1998-E,
Class A
4.4025% due 09/15/2010 (b)		100,000		100,069
Merrill Lynch Mortgage Investors, Inc., Series
2006-AHL1, Class A2A
2.6487% due 05/25/2037 (b)		282,223		277,549
Merrill Lynch Mortgage Investors, Inc., Series
2006-FF1, Class A2A
2.6687% due 08/25/2036 (b)		1,121,598		1,070,165
Merrill Lynch Mortgage Investors, Inc., Series
2006-MLN1, Class A2A
2.6687% due 07/25/2037 (b)		371,955		356,441
Merrill Lynch Mortgage Investors, Inc., Series
2006-RM3, Class A2A
2.6287% due 06/25/2037 (b)		156,121		153,348
Morgan Stanley ABS Capital I, Series 2006-HE4,
Class A1
2.6387% due 06/25/2036 (b)		32,838		32,429
Morgan Stanley ABS Capital I, Series 2006-HE7,
Class A2A
2.6487% due 09/25/2036 (b)		290,446		276,329
Morgan Stanley ABS Capital I, Series 2006-HE8,
Class A2A
4.915% due 10/25/2036 (b)		209,664		203,669
Morgan Stanley ABS Capital I, Series 2006-NC4,
Class A2A
2.6287% due 06/25/2036 (b)		18,275		18,054
Morgan Stanley ABS Capital I, Series 2006-NC5,
Class A2A
2.6387% due 10/25/2036		357,470		347,289
Morgan Stanley ABS Capital I, Series 2006-WMC2,
Class A2A
4.905% due 07/25/2036 (b)		1,129,537		1,106,222

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

279

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Morgan Stanley Capital I, Series 2006-NC2, Class
A2B
2.7187% due 02/25/2036 (b)	$	3,844,626	$	3,767,720
Morgan Stanley IXIS Real Estate Capital Trust,
Series 2006-2, Class A1
2.6487% due 11/25/2036 (b)		101,114		95,746
Nationstar Home Equity Loan Trust, Series 2007-B,
Class 2AV1
4.985% due 04/25/2037 (b)		1,617,575		1,559,532
Nelnet Student Loan Trust, Series 2004-3, Class A3
5.1737% due 07/25/2016 (b)		83,586		83,525
Newcastle Mortgage Securities Trust, Series
2006-1, Class A1
2.6687% due 03/25/2036 (b)		27,985		27,853
Nomura Asset Acceptance Corp., Series 2006-S1,
Class A1
2.7387% due 01/25/2036 (b)(g)		80,422		75,472
Option One Mortgage Loan Trust, Series 2006-2,
Class 2A1
2.6487% due 07/25/2036 (b)		34,639		34,152
Option One Mortgage Loan Trust, Series 2006-3,
Class 2A1
2.6387% due 02/25/2037 (b)		44,286		42,271
Park Place Securities, Inc., Series 2005-WCW1,
Class A1B
2.8587% due 09/25/2035 (b)		30,826		29,775
Residential Asset Mortgage Products, Inc., Series
2006-RS6, Class A1
2.6687% due 11/25/2036 (b)		95,856		92,586
Residential Asset Mortgage Products, Inc., Series
2006-RZ5, Class A1A
4.965% due 04/25/2030 (b)		2,008,156		1,913,363
Residential Asset Securities Corp., Series
2006-EMX4, Class A1
2.6387% due 06/25/2036 (b)		284,006		279,155
Residential Asset Securities Corp., Series
2006-EMX9, Class 1A1
2.6687% due 11/25/2036 (b)		152,910		145,842
Residential Asset Securities Corp., Series
2006-KS4, Class A1
2.6387% due 06/25/2036 (b)		267,566		265,708
Residential Asset Securities Corp., Series
2006-KS9, Class AI1
2.6687% due 11/25/2036 (b)		807,044		768,605
Residential Asset Securities Corp., Series
2007-KS2, Class AI1
2.6687% due 02/25/2037 (b)		1,396,443		1,305,410
Securitized Asset Backed Receivables LLC Trust,
Series 2006-NC3, Class A2A
2.6487% due 09/25/2036 (b)		143,016		136,103
Securitized Asset Backed Receivables LLC Trust,
Series 2007-HE1, Class A2A
2.6587% due 12/25/2036 (b)		1,585,587		1,438,134
SLM Student Loan Trust, Series 2006-9, Class A2
3.3312% due 04/25/2017 (b)		3,219,572		3,202,470
SLM Student Loan Trust, Series 2007-3, Class A1
5.0737% due 10/25/2014 (b)		2,620,511		2,607,593
SLM Student Loan Trust, Series 2007-5, Class A1
5.0737% due 09/25/2020 (b)		3,761,314		3,752,706

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Small Business Administration Participation
Certificates
5.51% due 11/01/2027	$	5,100,000	$	5,225,304
Soundview Home Equity Loan Trust, Series
2006-EQ1, Class A1
2.6487% due 10/25/2036 (b)		309,850		299,745
Soundview Home Equity Loan Trust, Series
2006-EQ2, Class A1
2.6787% due 01/25/2037 (b)		2,170,568		2,071,611
Soundview Home Equity Loan Trust, Series
2006-NLC1, Class A1
2.6587% due 11/25/2036 (g)		268,524		258,966
Soundview Home Equity Loan Trust, Series
2006-WF1, Class A1A
2.6987% due 10/25/2036 (b)		100,608		98,136
Specialty Underwriting & Residential Finance,
Series 2006-BC2, Class A2A
2.6587% due 02/25/2037 (b)		165,788		164,215
Specialty Underwriting & Residential Finance,
Series 2006-BC3, Class A2A
2.6287% due 06/25/2037 (b)		29,922		29,290
Specialty Underwriting & Residential Finance,
Series 2006-BC5, Class A2B
2.6437% due 11/25/2037 (b)		47,483		44,953
Structured Asset Investment Loan Trust, Series
2006-4, Class A3
2.6487% due 07/25/2036 (b)		40,939		39,001
Structured Asset Securities Corp., Series
2005-7XS, Class 2A1A
4.90% due 04/25/2035		952,451		879,006
Structured Asset Securities Corp., Series 2006-11,
Class A1
5.3224% due 12/31/2036 (b)(g)		407,144		388,812
Structured Asset Securities Corp., Series
2006-BC3, Class A2
4.915% due 11/25/2036 (b)		601,926		583,188
Truman Capital Mortgage Loan Trust, Series
2004-1, Class A1
2.9387% due 01/25/2034 (b)(g)		16,908		16,583
Wachovia Bank Commercial Mortgage Trust,
Series 2006-WL7A, Class A1
5.1175% due 08/11/2018 (b)(g)		7,204,700		6,765,548
Wachovia Bank Commercial Mortgage Trust,
Series 2007-WHL8, Class A1
2.8975% due 06/15/2020 (b)(g)		4,888,018		4,509,197
Bravo Mortgage Asset Trust, Series 2006-1A,
Class A1
3.265% due 07/25/2036 (b)(g)		518,797		510,286
TOTAL ASSET BACKED SECURITIES
(Cost $91,785,528)			$	87,852,271
PREFERRED STOCKS - 0.37%
Banking - 0.37%
Bank of America Corp., 8.00% * (b)		1,400,000		1,401,680
Bank of America Corp., Series L, 7.25% *		1,000		1,033,000
Wachovia Corp., 7.98% * (b)		1,500,000		1,473,750
				3,908,430
TOTAL PREFERRED STOCKS (Cost $3,900,000)			$	3,908,430

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

280

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS - 0.95%
Financial Services - 0.46%
DaimlerChrysler Financial Company
6.80% due 08/03/2012 (b)	$	5,771,000	$	4,812,610
Medical-Hospitals - 0.41%
HCA, Inc.
4.95% due 11/16/2013 (b)		4,641,250		4,278,652
Paper - 0.08%
Georgia Pacific Corp.
7.3699% due 12/20/2012 (b)		977,500		905,742
TOTAL TERM LOANS (Cost $11,101,200)			$	9,997,004
OPTIONS - 0.38%
Call Options - 0.12%
Chicago Board of Trade American Purchase Call
on U.S. Treasury Bond Futures
Expiration 04/25/2008 at $140.00 *		1,718,000		26,844
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 2 yrs. Futures
Expiration 04/25/2008 at $110.50 *		338,000		2,641
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 5 yrs. Futures
Expiration 05/23/2008 at $125.00 *		708,000		5,531
EUREX American Call on Euro-Bund Futures
Expiration 05/23/2008 at $130.00 *		17,000,000		2,684
Over The Counter European Purchase Call Option
on the EUR vs. USD
Expiration 07/08/2010 at $1.392 *		6,000,000		942,371
Over The Counter European Style Purchase Call
on the USD vs. JPY
Expiration 12/01/2008 at $111.00 *		3,000,000		9,813
Expiration 06/23/2008 at $118.15 *		11,000,000		5,566
Over The Counter European Style Purchase Call
on USD-LIBOR Rate Swaption
Expiration 09/26/2008 at $4.75 *		7,000,000		287,382
				1,282,832
Put Options - 0.26%
Chicago Board of Trade American Purchase Put on
U.S. Treasury Note 10 Yrs. Futures
Expiration 05/23/2008 at $102.00 *		359,000		5,609
Expiration 05/23/2008 at $96.00 *		938,000		14,656
Expiration 05/24/2008 at $97.00 *		64,000		1,000
Expiration 05/23/2008 at $98.00 *		238,000		3,719
Over The Counter European Purchase Put on FG
TBA, 5.50%
Expiration 06/05/2008 at $86.00 *		56,500,000		1
Over The Counter European Purchase Put on
FNMA TBA, 5.50%
Expiration 06/05/2008 at $86.375 *		65,800,000		1
Over The Counter European Purchase Put on
FNMA TBA, 6.50%
Expiration 04/07/2008 at $95.00 *		25,000,000		0
Over The Counter European Purchase Put on
Treasury Inflationary Index, 1.625%
Expiration 05/21/2008 at $83.00 *		8,000,000		0
Over The Counter European Purchase Put on
Treasury Inflationary Index, 1.875%
Expiration 04/07/2008 at $100.00 *		125,000,000		1
Expiration 05/01/2008 at $90.00 *		50,000,000		1

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
Put Options (continued)
Over The Counter European Purchase Put on
Treasury Inflationary Index, 1.875% (continued)
Expiration 04/28/2008 at $99.00 *		20,000,000	$	1,562
Over The Counter European Purchase Put on
Treasury Inflationary Index, 2.00%
Expiration 04/07/2008 at $101.00 *		50,000,000		1
Expiration 04/08/2008 at $78.00 *		48,900,000		0
Expiration 04/08/2008 at $88.00 *		50,000,000		1
Expiration 04/08/2008 at $95.50 *		50,000,000		0
Over The Counter European Purchase Put on
Treasury Inflationary Index, 3.50%
Expiration 04/28/2008 at $105.00 *		70,000,000		94,500
Over The Counter European Purchase Put on
Treasury Inflationary Index, 4.25%
Expiration 04/28/2008 at $105.00 *		50,000,000		274,000
Over The Counter European Purchase Put Option
on the EUR vs. USD
Expiration 07/08/2010 at $1.392 *		6,000,000		248,274
Over The Counter European Style Purchase Put on
the USD vs. JPY
Expiration 06/23/2008 at $118.15 *		11,000,000		2,091,331
				2,734,657
TOTAL OPTIONS (Cost $1,468,841)			$	4,017,489
REPURCHASE AGREEMENTS - 1.32%
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/31/2008 at
1.20% to be repurchased at
$9,900,330 on 04/01/2008,
collateralized by $9,811,000 U.S.
Treasury Notes, 4.50% due
03/31/2009 (valued at
$10,108,396, including interest)	$	9,900,000	$	9,900,000
Repurchase Agreement with State Street
Corp. dated 03/31/2008 at 1.60% to be
repurchased at $3,998,178 on 04/01/2008,
collateralized by $4,090,000 Federal
National Mortgage Association, 0.00% due
06/30/2008 (valued at $4,079,775,
including interest)		3,998,000		3,998,000
TOTAL REPURCHASE AGREEMENTS
(Cost $13,898,000)			$	13,898,000
SHORT TERM INVESTMENTS - 4.43%
Dexia Credit Local SA - Series YCD
3.0719% due 09/29/2008	EUR	10,500,000	$	10,497,978
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008	$	29,000,000		29,000,000
Nordea Bank Finland PLC, Series YCD
3.0819% due 12/01/2008 (b)		5,600,000		5,595,425
Societe Generale NY
3.0706% due 06/30/2008		800,000		799,940

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

281

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
U.S. Treasury Bills
zero coupon due 06/12/2008	$	600,000	$	598,998
TOTAL SHORT TERM INVESTMENTS
(Cost $46,495,898)			$	46,492,341
Total Investments (Real Return Bond Trust)
(Cost $2,165,361,153) - 207.01%			$	2,174,413,217
Liabilities in Excess of Other Assets - (107.01)%				(1,124,007,203)
TOTAL NET ASSETS - 100.00%			$	1,050,406,014
Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
FEDERAL HOME LOAN MORTGAGE CORP. - 17.58%
Federal Home Loan Mortgage Corp.
6.00%, TBA **	$	63,700,000	$	65,312,374
TOTAL FEDERAL HOME LOAN MORTGAGE
CORP. (Proceeds $63,973,875)			$	65,312,374
FEDERAL NATIONAL MORTGAGE
ASSOCIATION - 49.64%
Federal National Mortgage Association
5.00%, TBA **		8,900,000	$	8,808,223
5.50%, TBA **		106,980,000	$	107,982,938
6.00%, TBA **		66,000,000	$	67,685,309
TOTAL FEDERAL NATIONAL MORTGAGE
ASSOCIATION (Proceeds $182,394,809)			$	184,476,470
GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION - 2.17%
Government National Mortgage Association
5.50%, TBA **		200,000	$	203,906
6.00%, TBA **		5,600,000	$	5,779,377
6.50%, TBA **		2,000,000	$	2,078,750
TOTAL GOVERNMENT NATIONAL
MORTGAGE
ASSOCIATION (Proceeds $8,052,523)			$	8,062,033
TREASURY INFLATION PROTECTED
SECURITIES (D) - 19.19%
U.S. Treasury
2.375%, due 04/15/2011		4,582,983	$	4,925,634
3.00%, due 07/15/2012		24,298,855	$	27,237,509
2.625%, due 07/15/2017		4,083,240	$	4,649,790
1.625%, due 01/15/2018		32,866,256	$	34,481,337
TOTAL TREASURY INFLATION
PROTECTED SECURITIES
(D) (Proceeds $70,637,385)			$	71,294,270
U.S. TREASURY BONDS - 1.27%
U.S. Treasury Bonds
4.75%, due 02/15/2037		4,400,000	$	4,737,220
TOTAL U.S. TREASURY
BONDS (Proceeds $4,545,197)			$	4,737,220

		Shares or
		Principal
		Amount		Value
U.S. TREASURY NOTES - 10.15%
U.S. Treasury Notes
4.125%, due 08/31/2012	$	7,300,000	$	7,840,660
3.625%, due 12/31/2012		4,530,000	$	4,781,275
4.25%, due 08/15/2014		200,000	$	218,750
4.75%, due 08/15/2017		10,700,000	$	11,846,066
4.25%, due 11/15/2017		12,190,000	$	13,016,640
TOTAL U.S. TREASURY
NOTES (Proceeds $36,653,482)			$	37,703,391
Total Securities Sold Short (Real Return Bond Trust)
(Proceeds $366,257,273)			$	371,585,758
Science & Technology Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 93.29%
Advertising - 1.54%
Focus Media Holding, Ltd., ADR *		99,815	$	3,508,497
Monster Worldwide, Inc. *		60,100		1,455,021
				4,963,518
Agriculture - 0.88%
Monsanto Company		25,253		2,815,709
Business Services - 1.14%
Accenture, Ltd., Class A		86,300		3,035,171
SAIC, Inc. *		33,400		620,906
				3,656,077
Cable & Television - 0.73%
Comcast Corp., Class A		121,815		2,355,902
Cellular Communications - 0.36%
Crown Castle International Corp. *		33,400		1,151,966
Computer Services - 1.70%
NetApp, Inc. *		272,100		5,455,605
Computers & Business Equipment - 21.56%
Acme Packet, Inc. *		54,000		431,460
Apple, Inc. *		60,561		8,690,503
BigBand Networks, Inc. *		80,500		461,265
Cisco Systems, Inc. *		565,285		13,617,716
Cogent, Inc. *		58,700		553,541
Cognizant Technology Solutions Corp.,
Class A *		137,690		3,969,603
Dell, Inc. *		233,251		4,646,360
Delta Electronics, Inc.		333,950		989,107
EMC Corp. *		327,220		4,692,335
Foxconn Technology Company, Ltd.		134,000		799,234
Hewlett-Packard Company		175,660		8,020,636
International Business Machines Corp.		56,030		6,451,294
Juniper Networks, Inc. *		270,152		6,753,800
Palm, Inc. * (a)		200,400		1,002,000
Research In Motion, Ltd. *		66,050		7,412,791
Wistron Corp.		501,000		800,483
				69,292,128
Electrical Equipment - 0.18%
Stanley Electric Corp.		23,000		566,447

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

282

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Science & Technology Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics - 2.38%
Dolby Laboratories, Inc., Class A *	17,143	$	621,605
Hon Hai Precision Industry Company, Ltd.	266,880		1,536,481
Koninklijke Philips Electronics NV (a)	9,220		353,495
Nidec Corp.	7,995		493,354
Samsung Electronics Company, Ltd.	4,636		2,931,585
Tyco Electronics, Ltd.	50,125		1,720,290
			7,656,810
Energy - 1.33%
First Solar, Inc. *	16,355		3,780,295
Renewable Energy Corp. ASA *	7,770		218,838
SunPower Corp., Class A. *	3,655		272,334
			4,271,467
Financial Services - 0.05%
Visa, Inc. *	2,415		150,599
Healthcare Products - 0.67%
Baxter International, Inc.	12,290		710,608
Becton, Dickinson & Company	16,770		1,439,704
			2,150,312
Household Appliances - 0.15%
LG Electronics, Inc.	3,830		492,223
Industrials - 1.07%
ABB, Ltd.	127,890		3,446,911
International Oil - 0.02%
Weatherford International, Ltd. *	910		65,948
Internet Content - 3.88%
Google, Inc., Class A *	23,025		10,141,822
Yahoo!, Inc. *	80,100		2,317,293
			12,459,115
Internet Retail - 1.56%
eBay, Inc. *	167,875		5,009,390
Internet Service Provider - 0.60%
Baidu.com, Inc., SADR *	8,020		1,921,833
Internet Software - 5.27%
Digital River, Inc. *	33,400		1,034,398
McAfee, Inc. *	163,910		5,423,782
Salesforce.com, Inc. *	132,695		7,679,059
Tencent Holdings, Ltd.	485,080		2,792,934
			16,930,173
Leisure Time - 3.61%
DreamWorks Animation SKG, Inc., Class A *	33,400		861,052
Electronic Arts, Inc. *	194,061		9,687,525
International Game Technology	26,700		1,073,607
			11,622,184
Manufacturing - 0.34%
Foxconn International Holdings, Ltd. *	801,500		1,088,770
Petroleum Services - 0.10%
Diamond Offshore Drilling, Inc.	2,775		323,010
Semiconductors - 19.66%
Advanced Micro Devices, Inc. *	135,000		795,150
Altera Corp.	367,600		6,774,868
Analog Devices, Inc.	236,640		6,985,613

Science & Technology Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
ASML Holding NV *	45,895	$	1,138,655
Broadcom Corp., Class A *	267,200		5,148,944
Chartered Semiconductor Manufacturing, Ltd. *	1,211,741		642,076
Intel Corp.	305,065		6,461,277
Intersil Corp., Class A	37,400		960,058
KLA-Tencor Corp.	25,400		942,340
Linear Technology Corp.	28,910		887,248
Marvell Technology Group, Ltd. *	446,700		4,860,096
Maxim Integrated Products, Inc.	233,800		4,767,182
MEMC Electronic Materials, Inc. *	23,295		1,651,616
Microchip Technology, Inc.	156,625		5,126,336
National Semiconductor Corp.	200,400		3,671,328
NVIDIA Corp. *	58,980		1,167,214
ON Semiconductor Corp. *	103,865		589,953
PMC-Sierra, Inc. *	400,800		2,284,560
QLogic Corp. *	71,600		1,099,060
Taiwan Semiconductor
Manufacturing Company, Ltd., SADR	196,570		2,018,774
Xilinx, Inc.	220,300		5,232,125
			63,204,473
Software - 12.11%
Activision, Inc. *	196,930		5,378,158
Adobe Systems, Inc. *	33,892		1,206,216
Autodesk, Inc. *	79,800		2,512,104
Genpact, Ltd. *	6,700		82,075
HCL Technologies, Ltd.	60,478		385,470
Infosys Technologies, Ltd., ADR	53,610		1,917,630
Infosys Technologies, Ltd.	32,473		1,167,065
Longtop Financial Technologies, Ltd. *	5,791		109,334
Microsoft Corp.	394,100		11,184,558
Oracle Corp. *	255,355		4,994,744
Red Hat, Inc. *	200,400		3,685,356
Riverbed Technology, Inc. *	75,375		1,120,072
SAP AG, SADR (a)	13,200		654,324
Satyam Computer Services, Ltd., ADR	18,100		408,879
Satyam Computer Services, Ltd.	124,164		1,220,569
Take-Two Interactive Software, Inc. * (a)	49,600		1,265,792
Tata Consultancy Services, Ltd.	81,968		1,643,885
			38,936,231
Telecommunications Equipment &
Services - 10.38%
Alcatel-Lucent, SADR	86,800		499,968
Amdocs, Ltd. *	19,688		558,352
American Tower Corp., Class A *	81,735		3,204,829
Ciena Corp. *	66,700		2,056,361
Corning, Inc.	328,305		7,892,452
Finisar Corp. * (a)	534,400		684,032
JDS Uniphase Corp. *	93,325		1,249,622
Nokia Oyj, SADR	20,100		639,783
Optium Corp. * (a)	68,800		483,664
QUALCOMM, Inc.	364,660		14,951,060
Starent Networks Corp. * (a)	67,500		911,250
Telefonica SA, SADR	2,635		227,954
			33,359,327

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

283

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Science & Technology Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telephone - 0.10%
AT&T, Inc.		8,185	$	313,486
Toys, Amusements & Sporting Goods - 1.69%
Nintendo Company, Ltd.		10,400		5,441,325
Travel Services - 0.23%
Ctrip.com International, Ltd., ADR		13,751		729,078
TOTAL COMMON STOCKS (Cost $318,345,544)			$	299,830,017
WARRANTS - 0.17%
Telecommunications Equipment &
Services - 0.17%
MacQuarie Group, Ltd.
(Expiration Date 11/15/2011, Strike
Price INR 0.00001) *		27,155		559,122
TOTAL WARRANTS (Cost $592,079)			$	559,122
CORPORATE BONDS - 0.35%
Broadcasting - 0.35%
Liberty Media
3.50% due 01/15/2031		1,630,000		1,138,963
TOTAL CORPORATE BONDS (Cost $1,275,323)			$	1,138,963
SHORT TERM INVESTMENTS - 5.04%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	10,617,980	$	10,617,980
T. Rowe Price Reserve Investment Fund		5,588,710		5,588,705
TOTAL SHORT TERM INVESTMENTS
(Cost $16,206,686)			$	16,206,685
REPURCHASE AGREEMENTS - 4.13%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$13,267,590 on 04/01/2008,
collateralized by $2,080,000
Federal Home Loan Mortgage
Corp., 1.00% due 07/11/2022
(valued at $2,064,400, including
interest) and $10,995,000 Federal
National Mortgage Association,
5.40% due 12/14/2022 (valued at
$11,476,031, including interest)	$	13,267,000	$	13,267,000
TOTAL REPURCHASE AGREEMENTS
(Cost $13,267,000)			$	13,267,000
Total Investments (Science & Technology Trust)
(Cost $349,686,632) - 102.98%			$	331,001,787
Liabilities in Excess of Other Assets - (2.98)%				(9,590,134)
TOTAL NET ASSETS - 100.00%			$	321,411,653

Short-Term Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 2.78%
U.S. Treasury Notes - 2.78%
2.75% due 02/28/2013	$	6,490,000	$	6,579,237
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $6,558,942)			$	6,579,237
U.S. GOVERNMENT AGENCY OBLIGATIONS - 21.31%
Federal Home Loan Mortgage Corp. - 6.30%
5.25% due 07/18/2011		8,500,000		9,139,557
5.823% due 03/01/2037 (b)		3,664,773		3,722,139
6.50% due 12/01/2009		60,759		61,715
6.96% due 11/01/2033 (b)		213,920		214,883
7.00% due 12/01/2010 to 02/01/2014		975,222		1,017,270
7.50% due 11/01/2009 to 06/01/2012		171,804		178,292
8.00% due 06/01/2010		41,368		43,102
8.50% due 05/01/2015		472,739		536,985
				14,913,943
Federal National Mortgage
Association - 14.80%
4.25% due 08/15/2010		10,000,000		10,419,880
4.732% due 03/01/2035 (b)		2,741,809		2,770,204
5.75% due 01/01/2033 (b)		75,344		77,287
6.00% due 05/15/2008 to 01/01/2017		16,250,839		16,354,763
6.50% due 04/01/2017 to 08/01/2017		2,498,034		2,618,680
7.00% due 12/01/2010 to 07/01/2034		1,364,202		1,440,075
7.125% due 09/01/2033 (b)		388,427		396,716
7.50% due 08/01/2009 to 07/01/2034		564,376		599,884
8.00% due 07/01/2014		318,791		338,083
				35,015,572
Government National Mortgage
Association - 0.21%
7.00% due 12/15/2008		25,769		25,846
8.00% due 12/15/2025		222,902		238,726
8.50% due 11/15/2015		215,915		238,339
				502,911
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $49,396,083)			$	50,432,426
CORPORATE BONDS - 29.79%
Agriculture - 0.26%
Cargill, Inc.
5.60% due 09/15/2012 (g)		600,000		614,907
Amusement & Theme Parks - 0.84%
Walt Disney Company, MTN
3.09% due 09/10/2009 (b)		2,000,000		1,996,610
Banking - 0.99%
BAC Capital Trust XIII
3.268% due 03/15/2043 (b)		1,000,000		680,769
Glitnir Banki HF
6.375% due 09/25/2012 (g)		630,000		537,543
USB Capital IX
6.189% due 03/29/2049 (b)		1,000,000		742,500
Wachovia Capital Trust III
5.80% due 08/29/2049 (b)		545,000		388,313
				2,349,125

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

284

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Broadcasting - 0.43%
Viacom, Inc.
5.75% due 04/30/2011	$	1,000,000	$	1,010,650
Building Materials & Construction - 0.42%
Ryland Group, Inc.
5.375% due 06/01/2008		1,000,000		999,809
Cable & Television - 1.88%
Time Warner, Inc.
3.30% due 11/13/2009 (b)		2,500,000		2,393,862
6.75% due 04/15/2011		1,000,000		1,028,340
Viacom, Inc.
6.625% due 05/15/2011		1,000,000		1,020,039
				4,442,241
Computers & Business Equipment - 0.34%
Hewlett-Packard Company
4.50% due 03/01/2013		800,000		811,591
Electrical Utilities - 2.43%
CenterPoint Energy, Inc., Series B
5.875% due 06/01/2008		1,150,000		1,151,751
Dominion Resources, Inc.
4.75% due 12/15/2010		1,000,000		1,023,436
Dominion Resources, Inc., Series B
3.2475% due 11/14/2008 (b)		1,500,000		1,492,254
Exelon Generation Company, LLC
6.95% due 06/15/2011		1,000,000		1,060,910
Taqa Abu Dhabi National Energy Company
5.62% due 10/25/2012 (g)		1,000,000		1,031,217
				5,759,568
Electronics - 0.43%
Tyco Electronics Group SA
6.00% due 10/01/2012 (g)		1,000,000		1,024,940
Financial Services - 5.87%
American Express Credit Corp., Series MTNB
3.2606% due 10/04/2010		1,000,000		944,969
Bear Stearns Companies, Inc.
3.474% due 01/31/2011 (b)		1,000,000		917,376
Capital One Financial Corp., MTN
5.70% due 09/15/2011		950,000		896,116
CIT Group, Inc.
3.4019% due 11/03/2010 (b)		1,500,000		1,166,681
Goldman Sachs Capital II
5.793% due 12/29/2049 (b)		1,500,000		999,150
Janus Capital Group, Inc.
5.875% due 09/15/2011		1,000,000		1,012,601
Kaupthing Bank HF
4.958% due 01/15/2010 (b)(g)		685,000		618,266
Lehman Brothers Holdings, Inc., MTN
3.2325% due 05/25/2010 (b)		1,000,000		894,596
5.75% due 04/25/2011		1,000,000		982,829
Merrill Lynch & Company, Inc., MTN
2.9512% due 08/14/2009 (b)		857,000		838,952
NiSource Finance Corp.
7.875% due 11/15/2010		1,000,000		1,087,052
PNC Funding Corp.
4.50% due 03/10/2010		1,000,000		1,002,903
SLM Corp.
4.50% due 07/26/2010		335,000		274,874

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Vita Capital III, Ltd., Series B-I
5.829% due 01/01/2011 (b)(g)	$	850,000	$	831,061
ZFS Finance USA Trust IV
5.875% due 05/09/2032 (g)		1,500,000		1,418,715
				13,886,141
Forest Products - 0.42%
Weyerhaeuser Company
3.655% due 09/24/2009 (b)		1,000,000		985,586
Gas & Pipeline Utilities - 2.35%
Kinder Morgan Energy Partners LP
5.85% due 09/15/2012		1,850,000		1,897,166
ONEOK Partners LP
5.90% due 04/01/2012		1,500,000		1,558,332
Rockies Express Pipeline LLC
4.25% due 08/20/2009 (b)(g)		1,500,000		1,500,310
TransCanada PipeLines, Ltd.
4.00% due 06/15/2013		620,000		602,432
				5,558,240
Healthcare Services - 0.81%
UnitedHealth Group, Inc.
2.7787% due 06/21/2010 (b)		2,000,000		1,916,128
Insurance - 4.41%
CNA Financial Corp.
6.00% due 08/15/2011		1,500,000		1,540,305
6.60% due 12/15/2008		1,400,000		1,420,980
Hartford Financial Services Group, Inc.
5.55% due 08/16/2008		1,250,000		1,257,716
6.375% due 11/01/2008		1,000,000		1,014,658
ING Security Life Institutional Funding
4.25% due 01/15/2010 (g)		895,000		902,672
RenaissanceRe Holdings, Ltd.
7.00% due 07/15/2008		1,500,000		1,509,236
W.R. Berkley Corp.
5.125% due 09/30/2010		1,300,000		1,320,173
Xstrata Finance Dubai, Ltd.
3.42% due 11/13/2009 (g)		1,500,000		1,458,512
				10,424,252
International Oil - 0.43%
Transocean, Inc.
5.25% due 03/15/2013		1,000,000		1,021,887
Leisure Time - 0.42%
MGM Mirage, Inc.
6.00% due 10/01/2009		1,000,000		992,500
Petroleum Services - 0.42%
Anadarko Petroleum Corp.
3.25% due 05/01/2008		1,000,000		999,764
Real Estate - 3.17%
Colonial Realty LP
4.75% due 02/01/2010		1,500,000		1,477,070
Rouse Company, REIT
3.625% due 03/15/2009		900,000		847,486
Simon Property Group LP, REIT
3.75% due 01/30/2009		2,256,000		2,239,109
Vornado Realty LP
5.60% due 02/15/2011		1,000,000		981,283

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

285

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
Westfield Group
5.40% due 10/01/2012 (g)	$	2,000,000	$	1,945,826
				7,490,774
Retail - 0.41%
CVS Caremark Corp.
3.3756% due 06/01/2010 (b)		1,000,000		971,882
Retail Trade - 0.40%
Home Depot, Inc.
2.925% due 12/16/2009 (b)		1,000,000		953,622
Telecommunications Equipment &
Services - 0.45%
Deutsche Telekom International Finance BV
8.00% due 06/15/2010		1,000,000		1,069,702
Telephone - 1.34%
BellSouth Corp.
4.20% due 09/15/2009		1,200,000		1,207,936
Sprint Capital Corp.
6.375% due 05/01/2009		1,000,000		985,000
Telecom Italia Capital SA
4.00% due 01/15/2010		1,000,000		980,980
				3,173,916
Transportation - 0.87%
FedEx Corp.
5.50% due 08/15/2009		2,000,000		2,048,026
TOTAL CORPORATE BONDS (Cost $72,631,960)			$	70,501,861
COLLATERALIZED MORTGAGE
OBLIGATIONS - 34.51%
Banc of America Commercial Mortgage, Inc.,
Series 2004-4, Class XP
0.6905% IO due 07/10/2042 (b)		57,944,073		928,594
Banc of America Funding Corp.,
Series 2005-H, Class 1A1
4.9891% due 11/20/2035 (b)		2,010,273		2,019,147
Banc of America Large Loan,
Series 2005-MIB1, Class B
3.078% due 03/15/2022 (b)(g)		850,000		795,314
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2006-4, Class 2A1
5.8019% due 10/25/2036 (b)		4,789,659		4,306,947
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR3, Class A1
3.236% due 02/11/2041		300,893		297,869
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-PWR10, Class X2
0.0356% IO due 12/11/2040 (b)		381,301,650		1,316,596
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-T24, Class A2
5.478% due 10/12/2041		5,000,000		4,936,096
Bear Stearns Commercial Mortgage Securities,
Series 2006-PWR13, Class X2
0.4371% IO due 09/11/2041 (b)		95,714,183		1,805,112
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-BBA7, Class G
3.258% due 03/15/2019 (b)(g)		1,000,000		888,396

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bear Stearns Commercial Mortgage Securities,
Series 2006-PWR12, Class A1
5.546% due 09/11/2038 (b)	$	1,586,622	$	1,588,530
Commercial Mortgage Pass Through Certificates,
Series 2005-LP5, Class XP
0.2111% IO due 05/10/2043 (b)		68,831,950		635,188
Commercial Mortgage Pass Through Certificates,
Series 2004-LB2A, Class X2
0.9354% IO due 03/10/2039 (b)(g)		32,185,852		624,537
Commercial Mortgage Pass Through Certificates,
Series 2005-FL11, Class AJ
3.018% due 11/15/2017 (b)(g)		565,000		523,289
Commercial Mortgage Pass Through Certificates,
Series 2006-CN2A, Class AJFX
5.478% due 02/05/2019 (g)		2,700,000		2,681,150
Commercial Mortgage Pass Through Certificates,
Series 2006-FL12, Class B
2.9875% due 12/15/2020 (b)(g)		1,735,395		1,636,558
Countrywide Alternative Loan Trust,
Series 2003-3T1, Class A2
4.50% due 05/25/2033		421,380		420,531
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class ASP
0.5773% IO due 09/15/2039 (b)(g)		117,030,956		2,924,580
Credit Suisse Mortgage Capital Certificates,
Series 2006-TF2A, Class SVA2
3.0875% due 10/15/2021 (b)(g)		2,000,000		1,881,676
Credit Suisse Mortgage Capital Certificates,
Series 2006-TFLA, Class B
3.048% due 04/15/2008 (b)(g)		675,000		636,222
Credit Suisse/Morgan Stanley Commercial
Mortgage Certificate, Series 2006-HC1A, Class A2
3.3813% due 05/15/2008 (b)(g)		1,000,000		941,993
Crown Castle Towers LLC, Series 2006-1A, Class C
5.4696% due 11/15/2036 (g)		1,500,000		1,284,909
Federal Home Loan Mortgage Corp.,
Series 2516, Class AX
8.50% due 01/15/2016		377,704		389,088
Federal Home Loan Mortgage Corp.,
Series 2589, Class GK
4.00% due 03/15/2026		974,995		975,358
Federal National Mortgage Association,
Series 2001-53, Class GH
8.00% due 09/25/2016		206,714		223,484
First Horizon Alternative Mortgage Securities,
Series 2004-AA2, Class 2A1
5.0276% due 08/25/2034 (b)		1,574,165		1,487,871
GE Capital Commercial Mortgage Corp,
Series 2002-2A, Class A2
4.97% due 08/11/2036		1,513,955		1,506,384
Global Signal Trust, Series 2006-1, Class C
5.707% due 02/15/2036 (g)		670,000		635,100
Global Tower Partners Acquisition Partners LLC,
Series 2007-1A, Class AFX
5.3928% due 05/15/2037 (g)		2,000,000		1,927,380
GMAC Commercial Mortgage Securities, Inc.,
Series 1999-C2, Class A2
6.945% due 09/15/2033		1,979,143		1,998,934
Greenpoint Mortgage Funding Trust, Series
2006-AR2, Class 4A1
6.522% due 03/25/2036 (b)		1,476,190		1,070,731

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

286

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Harborview Mortgage Loan Trust,
Series 2004-7, Class 2A3
6.563% due 11/19/2034 (b)	$	368,523	$	370,094
Harborview Mortgage Loan
Trust, Series 2005-4, Class 1A
5.5896% due 07/19/2035 (b)		578,011		576,354
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2006-CB16, Class X2
0.308% IO due 05/12/2045 (b)		104,097,561		2,131,085
LB-UBS Commercial Mortgage Trust, Series
2000-C3, Class A2
7.95% due 05/15/2025 (b)		1,394,592		1,451,735
LB-UBS Commercial Mortgage Trust,
Series 2000-C4, Class A2
7.37% due 08/15/2026		1,413,526		1,466,944
LB-UBS Commercial Mortgage Trust,
Series 2005-C5, Class XCP
0.358% IO due 09/15/2040 (b)		36,447,495		476,416
LB-UBS Commercial Mortgage Trust,
Series 2006-C6, Class XCP
0.6439% IO due 09/15/2039 (b)		82,897,017		2,199,034
Lehman Brothers Floating Rate Commercial
Mortgage Trust, Series 2004-LLFA, Class A2
2.9875% due 10/15/2017 (b)(g)		465,889		436,246
Lehman Brothers Floating Rate Commercial
Mortgage Trust, Series 2005-LLFA, Class E
3.0975% due 07/15/2018 (b)(g)		1,270,000		1,181,057
Lehman XS Trust, Series 2007-10H, Class 2A2
7.50% due 07/25/2037		2,322,244		2,118,439
Mastr Adjustable Rate Mortgages Trust,
Series 2005-2, Class 2A1
6.7856% due 03/25/2035 (b)		1,106,342		1,064,324
Merrill Lynch Mortgage Investors, Inc.,
Series 2003-A1, Class 1A
5.9375% due 12/25/2032 (b)		48,206		48,685
Merrill Lynch Mortgage Trust,
Series 2005-CKI1, Class A1
5.077% due 11/12/2037		2,216,301		2,212,320
Merrill Lynch Mortgage Trust,
Series 2006-C1, Class A1
5.528% due 05/12/2039 (b)		1,075,216		1,076,292
MLCC Mortgage Investors, Inc.,
Series 2003-C, Class B1
3.2487% due 06/25/2028 (b)		636,226		591,455
Morgan Stanley Capital I,
Series 2005-HQ6, Class X2
0.3585% IO due 08/13/2042 (b)		35,090,742		531,951
Morgan Stanley Capital I,
Series 2007-SRR3, Class A
4.2588% due 12/20/2049 (b)(g)		1,000,000		700,000
Morgan Stanley Capital I,
Series 2007-SRR3, Class B
3.5187% due 12/20/2049 (b)(g)		1,000,000		600,000
Multi Security Asset Trust,
Series 2005-RR4A, Class A1
4.38% due 11/28/2035 (g)		2,480,305		2,281,881
Salomon Brothers Mortgage Securities VII, Series
2002-KEY2, Class A2
4.467% due 03/18/2036		1,617,044		1,599,598
SBA CMBS Trust, Series 2006-1A, Class A
5.314% due 11/15/2036 (g)		2,000,000		1,997,422

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Sequoia Mortgage Trust, Series 2004-4, Class A
5.3387% due 05/20/2034 (b)	$	431,312	$	408,081
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-14, Class 1A
7.2298% due 10/25/2034 (b)		895,786		855,890
Trapeza CDO LLC Series 2007-12A, Class B
5.2063% due 04/06/2042 (b)(g)		1,500,000		1,271,820
WAMU Commercial Mortgage Securities Trust,
Series 2006-SL1, Class A
5.3029% due 11/23/2043 (g)		974,900		924,176
Wells Fargo Mortgage Backed Securities Trust,
Series 2003-2, Class A6
5.25% due 02/25/2018		2,483,328		2,475,784
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR16, Class 4A1
4.9921% due 10/25/2035 (b)		4,306,525		4,189,838
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR17, Class A1
5.3372% due 10/25/2036 (b)		3,328,407		3,155,895
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $86,757,412)		$		81,680,380
ASSET BACKED SECURITIES - 7.42%
American Express Issuance Trust, Series 2008-1,
Class A
3.6587% due 12/15/2010 (b)		1,000,000		1,000,000
BA Credit Card Trust, Series 2008-A3, Class A3
3.5212% due 08/15/2011 (b)		800,000		799,653
Alesco Preferred Funding, Ltd., Series 12A, Class B
4.858% due 07/15/2037 (b)(g)		310,000		254,293
Alesco Preferred Funding, Ltd., Series 14A, Class B
3.249% due 09/23/2037 (b)(g)		1,310,000		990,753
Alesco Preferred Funding, Ltd.,
Series 15A, Class B1
3.279% due 12/23/2037 (b)(g)		115,000		94,588
Anthracite, Ltd., Series 2002-2A, Class B
5.488% due 12/24/2037 (b)(g)		1,000,000		700,000
Anthracite, Ltd., Series 2002-CIBA, Class A
3.049% due 05/24/2017 (b)(g)		941,255		753,004
Anthracite, Ltd., Series 2004-1A, Class A
2.9588% due 03/23/2019 (b)(g)		958,594		623,086
Arbor Realty Mortgage Securities, Series
2006-1A, Class C
3.844% due 12/26/2041 (b)(g)		365,000		246,088
Arbor Realty Mortgage Securities, Series
2006-1A, Class F
4.294% due 01/26/2042 (b)(g)		610,000		345,584
Capital Trust Re CDO, Ltd., Series 2005-1A, Class B
3.006% due 03/20/2050 (b)(g)		3,000,000		2,190,000
Cedarwoods Credit CDO, Ltd.,
Series 2007-2A, Class B
2.979% due 02/25/2052 (b)(g)		1,000,000		651,700
Countrywide Asset-Backed Certificates,
Series 2005-1, Class 1AV2
3.335% due 07/25/2035 (b)		86,819		86,476
CPL Transition Funding LLC, Series 2002-1, Class
A3
5.56% due 01/15/2012		1,000,000		1,033,671
Crest, Ltd., Series 2002-IGA, Class A
3.694% due 07/28/2017 (b)(g)		1,718,013		1,620,541

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

287

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Crest, Ltd., Series 2003-1A, Class B1
4.04% due 05/28/2038 (b)(g)	$	1,000,000	$	859,851
Crystal River Resecuritization, Series 2006-1
5.82% due 09/22/2047		2,100,000		945,000
Equity One ABS, Inc., Series 2004-2, Class AV2
2.849% due 07/25/2034 (b)		42,960		36,765
Green Tree Financial Corp., Series 1996-8, Class A6
7.60% due 10/15/2027		108,683		115,077
Highland Park CDO, Ltd., Series 2006-1A, Class A2
3.493% due 11/25/2051 (b)(g)		2,300,000		1,742,020
Long Beach Mortgage Loan Trust,
Series 2004-1, Class M3
3.2987% due 02/25/2034 (b)		400,000		291,761
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class E
3.8694% due 02/01/2041 (b)(g)		475,000		320,564
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class G
4.0694% due 02/01/2041 (b)(g)		475,000		294,035
Ownit Mortgage Loan, Series 2006-1, Class AF2
5.29% due 12/25/2036		900,000		862,234
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF2
5.533% due 05/25/2036 (b)		197,478		195,628
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF3
5.608% due 05/25/2036 (b)		500,000		484,258
SACO I, Inc., Series 2006-8, Class AIO
5.50% IO due 08/25/2008 (b)		3,138,065		34,400
TOTAL ASSET BACKED SECURITIES
(Cost $22,650,640)			$	17,571,030
REPURCHASE AGREEMENTS - 3.72%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$8,803,391 on 04/01/2008,
collateralized by $8,795,000
Federal Home Loan Mortgage
Corp., 2.875% due 04/30/2010
(valued at $8,981,894, including
interest)	$	8,803,000	$	8,803,000
TOTAL REPURCHASE AGREEMENTS
(Cost $8,803,000)			$	8,803,000
Total Investments (Short-Term Bond Trust)
(Cost $246,798,037) - 99.53%			$	235,567,934
Other Assets in Excess of Liabilities - 0.47%				1,102,751
TOTAL NET ASSETS - 100.00%			$	236,670,685
Small Cap Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 81.30%
Advertising - 3.35%
inVentiv Health, Inc. *		137,800	$	3,970,018

Small Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Air Travel - 1.19%
Allegiant Travel Company *	53,500	$	1,413,470
Apparel & Textiles - 3.45%
G-III Apparel Group, Ltd. *	202,600		2,718,892
Under Armour, Inc., Class A * (a)	37,400		1,368,840
			4,087,732
Auto Parts - 1.07%
Fuel Systems Solutions, Inc. *	95,200		1,269,016
Banking - 2.72%
SVB Financial Group *	73,800		3,220,632
Business Services - 4.51%
Kendle International, Inc. * (a)	81,100		3,643,012
Kenexa Corp. *	92,100		1,702,008
			5,345,020
Chemicals - 4.77%
Arch Chemicals, Inc.	83,300		3,103,758
H.B. Fuller Company	68,900		1,406,249
ICO, Inc. *	164,800		1,143,712
			5,653,719
Computers & Business Equipment - 2.51%
Radiant Systems, Inc. *	212,500		2,968,625
Cosmetics & Toiletries - 2.67%
Intermediate Parfums, Inc.	143,300		3,164,064
Crude Petroleum & Natural Gas - 2.87%
Goodrich Petroleum Corp. * (a)	112,900		3,396,032
Electronics - 3.16%
Daktronics, Inc. (a)	74,400		1,332,504
IPG Photonics Corp. *	154,000		2,416,260
			3,748,764
Energy - 1.34%
PowerSecure International, Inc. * (a)	134,500		1,583,065
Financial Services - 2.15%
FBR Capital Markets Corp. * (a)	136,300		920,025
SWS Group, Inc.	132,900		1,625,367
			2,545,392
Healthcare Products - 8.58%
Cantel Medical Corp. *	164,300		1,744,866
Inverness Medical Innovations, Inc. *	77,600		2,335,760
SurModics, Inc. * (a)	41,900		1,754,772
Symmetry Medical, Inc. *	260,600		4,325,960
			10,161,358
Healthcare Services - 4.51%
Air Methods Corp. *	77,800		3,763,186
Nighthawk Radiology Holdings, Inc. * (a)	169,100		1,582,776
			5,345,962
Industrial Machinery - 5.41%
Chart Industries, Inc. *	104,500		3,536,280
Flow International Corp. *	309,500		2,875,255
			6,411,535
Insurance - 4.65%
First Mercury Financial Corp. *	115,100		2,003,891

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

288

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
National Interstate Corp.		65,900	$	1,538,765
Philadelphia Consolidated Holding Corp. *		60,900		1,960,980
				5,503,636
Internet Content - 1.65%
TheStreet.com, Inc.		242,600		1,960,208
Internet Software - 0.45%
Lionbridge Technologies, Inc. *		157,700		528,295
Leisure Time - 2.30%
Gaylord Entertainment Company *		90,000		2,726,100
Pollution Control - 0.92%
CECO Environmental Corp. *		128,500		1,094,820
Railroads & Equipment - 2.53%
Genesee & Wyoming, Inc., Class A *		87,100		2,996,240
Retail Trade - 6.30%
Christopher & Banks Corp.		93,300		932,067
Citi Trends, Inc. * (a)		110,300		2,035,035
Gaiam, Inc., Class A * (a)		88,300		1,529,356
Tractor Supply Company * (a)		75,000		2,964,000
				7,460,458
Software - 6.38%
ACI Worldwide, Inc. *		138,100		2,750,952
Deltek, Inc. *		86,300		1,120,174
DivX, Inc. * (a)		142,300		996,100
Secure Computing Corp. *		417,200		2,690,940
				7,558,166
Toys, Amusements & Sporting Goods - 0.01%
Russ Berrie & Company, Inc. *		1,100		15,466
Transportation - 1.85%
Pacer International, Inc.		133,200		2,188,476
TOTAL COMMON STOCKS (Cost $112,367,976)			$	96,316,269
SHORT TERM INVESTMENTS - 19.48%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	23,082,087	$	23,082,087
TOTAL SHORT TERM INVESTMENTS
(Cost $23,082,087)			$	23,082,087
REPURCHASE AGREEMENTS - 17.43%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$20,644,918 on 04/01/2008,
collateralized by $20,950,000
Federal Home Loan Mortgage
Corp., 5.51% due 01/23/2023
(valued at $21,059,778, including
interest)	$	20,644,000	$	20,644,000
TOTAL REPURCHASE AGREEMENTS
(Cost $20,644,000)			$	20,644,000
Total Investments (Small Cap Trust)
(Cost $156,094,063) - 118.21%			$	140,042,356
Liabilities in Excess of Other Assets - (18.21)%				(21,571,683)
TOTAL NET ASSETS - 100.00%			$	118,470,673

Small Cap Growth Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.92%
Advertising - 1.44%
Focus Media Holding, Ltd., ADR * (a)	107,090	$	3,764,214
Aerospace - 1.40%
Teledyne Technologies, Inc. *	55,004		2,585,188
TransDigm Group, Inc. *	28,660		1,061,853
			3,647,041
Apparel & Textiles - 0.51%
Liz Claiborne, Inc.	73,768		1,338,889
Auto Parts - 1.43%
LKQ Corp. *	166,120		3,732,716
Banking - 2.14%
Boston Private Financial Holdings, Inc.	113,400		1,200,906
Huntington BancShares, Inc.	69,900		751,425
International Bancshares Corp.	31,800		718,044
MB Financial, Inc.	39,397		1,212,640
UCBH Holdings, Inc. (a)	140,900		1,093,384
West Coast Bancorp	41,700		608,403
			5,584,802
Biotechnology - 4.28%
Applera Corp. - Celera Genomics Group *	70,800		1,040,760
Arena Pharmaceuticals, Inc. *	117,910		806,504
Cephalon, Inc. *	22,490		1,448,356
Charles River Laboratories International, Inc. *	90,710		5,346,447
Millennium Pharmaceuticals, Inc. *	158,010		2,442,835
Progenics Pharmaceuticals, Inc. * (a)	13,800		90,114
			11,175,016
Business Services - 6.32%
Equifax, Inc.	66,740		2,301,195
FactSet Research Systems, Inc.	40,257		2,168,644
FTI Consulting, Inc. *	53,950		3,832,608
Iron Mountain, Inc. *	87,990		2,326,456
Net 1 UEPS Technologies, Inc. *	76,600		1,727,330
Sotheby's	66,500		1,922,515
Tetra Tech, Inc. *	113,690		2,218,092
			16,496,840
Cellular Communications - 1.41%
Cellcom Israel, Ltd.	117,024		3,678,064
Chemicals - 1.72%
FMC Corp.	64,894		3,600,968
Terra Industries, Inc. *	25,180		894,646
			4,495,614
Coal - 2.39%
Arch Coal, Inc.	83,420		3,628,770
Foundation Coal Holdings, Inc.	51,660		2,600,048
			6,228,818
Commercial Services - 1.55%
AerCap Holdings NV *	164,880		2,898,591
Live Nation, Inc. * (a)	55,510		673,336
Morningstar, Inc. *	7,700		472,395
			4,044,322

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

289

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment - 2.64%
Foundry Networks, Inc. *	124,070	$	1,436,730
IHS, Inc., Class A *	75,419		4,850,196
Smart Modular Technologies (WWH), Inc. *	94,670		587,901
			6,874,827
Containers & Glass - 3.27%
Greif, Inc., Class A	52,760		3,583,987
Owens-Illinois, Inc. *	48,850		2,756,605
Sealed Air Corp.	86,300		2,179,075
			8,519,667
Crude Petroleum & Natural Gas - 2.79%
Cabot Oil & Gas Corp.	86,450		4,395,118
Forest Oil Corp. *	59,130		2,895,005
			7,290,123
Domestic Oil - 1.76%
Denbury Resources, Inc. *	94,420		2,695,691
Warren Resources, Inc. *	158,620		1,882,819
			4,578,510
Drugs & Health Care - 1.15%
Perrigo Company	79,600		3,003,308
Electrical Equipment - 1.61%
FLIR Systems, Inc. *	139,150		4,187,024
Energy - 2.11%
Covanta Holding Corp. *	200,440		5,512,100
Financial Services - 2.64%
Dollar Financial Corp. *	74,040		1,702,920
Interactive Data Corp.	123,060		3,503,518
MF Global, Ltd. *	168,930		1,674,097
			6,880,535
Healthcare Products - 5.78%
AngioDynamics, Inc. * (a)	140,912		1,628,943
Hologic, Inc. *	49,255		2,738,578
Mindray Medical International, Ltd., ADR	44,360		1,283,778
Patterson Companies, Inc. *	73,300		2,660,790
Symmetry Medical, Inc. *	180,265		2,992,399
The Medicines Company *	91,160		1,841,432
Volcano Corp. *	155,530		1,944,125
			15,090,045
Healthcare Services - 3.05%
Healthextras, Inc. *	55,300		1,373,652
Healthsouth Corp. * (a)	184,770		3,287,058
ICON PLC, SADR *	50,840		3,299,008
			7,959,718
Holdings Companies/Conglomerates - 1.19%
Liberty Acquisition Holdings Corp. *	297,660		3,095,664
Hotels & Restaurants - 1.63%
Darden Restaurants, Inc.	89,400		2,909,970
Red Robin Gourmet Burgers, Inc. * (a)	35,600		1,337,492
			4,247,462
Household Products - 1.53%
Church & Dwight, Inc.	73,450		3,983,928

Small Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial Machinery - 2.03%
Flowserve Corp.	24,700	$	2,578,186
Kennametal, Inc.	57,650		1,696,640
Valmont Industries, Inc.	11,500		1,010,735
			5,285,561
Insurance - 3.48%
Allied World Assurance Holdings, Ltd.	85,050		3,376,485
ProAssurance Corp. *	105,853		5,698,067
			9,074,552
Internet Retail - 1.09%
Orbitz Worldwide, Inc. * (a)	244,050		1,681,505
Priceline.com, Inc. * (a)	9,550		1,154,213
			2,835,718
Internet Service Provider - 1.38%
Equinix, Inc. * (a)	54,020		3,591,790
Internet Software - 0.74%
McAfee, Inc. *	58,700		1,942,383
Life Sciences - 2.26%
Pharmaceutical Product Development, Inc.	140,460		5,885,274
Manufacturing - 1.01%
Mine Safety Appliances Company	64,160		2,642,750
Mutual Funds - 2.67%
iShares Russell 2000 Growth Index Fund (a)	95,730		6,972,973
Office Furnishings & Supplies - 0.70%
OfficeMax, Inc.	95,610		1,829,975
Pharmaceuticals - 4.80%
Alkermes, Inc. *	111,836		1,328,612
Amylin Pharmaceuticals, Inc. * (a)	56,960		1,663,802
Auxilium Pharmaceuticals, Inc. *	15,100		403,774
Barr Pharmaceuticals, Inc. *	63,530		3,069,134
Dr. Reddy's Laboratories, Ltd., ADR (a)	116,726		1,690,192
Regeneron Pharmaceuticals, Inc. *	85,480		1,640,361
Warner Chilcott, Ltd., Class A *	151,650		2,729,700
			12,525,575
Publishing - 1.26%
Dolan Media Company *	109,580		2,203,654
VistaPrint, Ltd. * (a)	31,170		1,089,391
			3,293,045
Railroads & Equipment - 0.91%
Kansas City Southern *	58,900		2,362,479
Real Estate - 0.40%
Sunstone Hotel Investors, Inc., REIT	64,500		1,032,645
Retail Trade - 4.15%
Big Lots, Inc. * (a)	96,830		2,159,309
BJ's Wholesale Club, Inc. *	107,700		3,843,813
Dick's Sporting Goods, Inc. *	94,260		2,524,283
FGX International Holdings, Ltd. *	93,400		1,117,064
Zumiez, Inc. * (a)	75,800		1,189,302
			10,833,771
Sanitary Services - 1.06%
Stericycle, Inc. *	40,690		2,095,535

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

290

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Sanitary Services (continued)
Waste Connections, Inc. *		21,975	$	675,512
				2,771,047
Semiconductors - 2.23%
Advanced Analogic Technologies, Inc. *		263,620		1,481,544
Emulex Corp. *		103,740		1,684,738
O2Micro International, Ltd., ADR *		120,630		932,470
Semtech Corp. *		119,530		1,712,865
				5,811,617
Software - 4.46%
ANSYS, Inc. *		98,430		3,397,804
Commvault Systems, Inc. *		61,730		765,452
Concur Technologies, Inc. *		23,590		732,469
FARO Technologies, Inc. *		63,490		1,979,618
Nuance Communications, Inc. *		175,410		3,053,888
TriZetto Group, Inc. *		101,910		1,700,878
				11,630,109
Telecommunications Equipment &
Services - 0.56%
NICE Systems, Ltd., ADR *		51,720		1,459,538
Toys, Amusements & Sporting Goods - 1.25%
Marvel Entertainment, Inc. * (a)		121,510		3,255,253
Transportation - 1.83%
Aircastle, Ltd.		56,680		637,650
Con-way, Inc.		68,030		3,366,124
UTI Worldwide, Inc.		39,000		783,120
				4,786,894
Travel Services - 0.72%
Ctrip.com International, Ltd., ADR		35,400		1,876,908
Trucking & Freight - 2.19%
J.B. Hunt Transport Services, Inc.		73,650		2,314,820
Landstar Systems, Inc.		65,020		3,391,443
				5,706,263
TOTAL COMMON STOCKS (Cost $257,046,408)			$	252,815,367
SHORT TERM INVESTMENTS - 11.64%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	30,356,980	$	30,356,980
TOTAL SHORT TERM INVESTMENTS
(Cost $30,356,980)			$	30,356,980

Small Cap Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 2.63%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$6,855,305 on 04/01/2008,
collateralized by $6,470,000
Federal Farm Credit Bank, 5.21%
due 12/19/2022 (valued at
$6,993,552, including interest)	$	6,855,000	$	6,855,000
TOTAL REPURCHASE AGREEMENTS
(Cost $6,855,000)			$	6,855,000
Total Investments (Small Cap Growth Trust)
(Cost $294,258,388) - 111.19%			$	290,027,347
Liabilities in Excess of Other Assets - (11.19)%				(29,179,902)
TOTAL NET ASSETS - 100.00%			$	260,847,445
Small Cap Index Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.72%
Advertising - 0.27%
Greenfield Online, Inc. *		6,644	$	78,798
inVentiv Health, Inc. *		9,098		262,113
Marchex, Inc., Class B (a)		8,482		84,650
ValueClick, Inc. *		29,038		500,906
				926,467
Aerospace - 1.22%
AAR Corp. *		10,827		295,252
Aerovironment, Inc. *		2,212		45,235
Argon ST, Inc. *		3,921		66,696
Curtiss-Wright Corp.		12,735		528,248
Esterline Technologies Corp. *		8,274		416,761
GenCorp, Inc. *		16,861		173,500
HEICO Corp. (a)		7,397		360,604
Innovative Solutions & Support, Inc. * (a)		4,132		43,675
Integral Systems, Inc.		2,680		78,337
Moog, Inc., Class A *		10,799		455,826
MTC Technologies, Inc. *		2,945		70,032
Orbital Sciences Corp., Class A *		17,103		412,182
Teledyne Technologies, Inc. *		10,075		473,525
TransDigm Group, Inc. *		2,479		91,847
Triumph Group, Inc. (a)		4,670		265,863
Woodward Governor Company		17,184		459,157
				4,236,740
Agriculture - 0.23%
Alico, Inc.		1,147		50,640
Andersons, Inc.		4,459		198,916
Cadiz, Inc. * (a)		3,951		60,766
Fresh Del Monte Produce, Inc. *		8,879		323,196
Maui Land & Pineapple, Inc. * (a)		1,376		43,881
Tejon Ranch Company *		3,310		123,529
				800,928
Air Freight - 0.03%
ABX Air, Inc. *		18,430		54,184

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

291

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Air Freight (continued)
ExpressJet Holdings, Inc. *	18,522	$	48,713
			102,897
Air Travel - 0.39%
Airtran Holdings, Inc. *	26,991		178,141
Alaska Air Group, Inc. *	11,867		232,831
JetBlue Airways Corp. * (a)	53,344		309,395
Pinnacle Airline Corp. *	5,441		47,500
Republic Airways Holdings, Inc. *	9,785		211,943
SkyWest, Inc.	17,704		373,908
			1,353,718
Aluminum - 0.21%
Century Aluminum Company *	8,595		569,333
Superior Essex, Inc. *	5,995		168,579
			737,912
Amusement & Theme Parks - 0.02%
Great Wolf Resorts, Inc. *	9,572		61,069
Apparel & Textiles - 1.61%
Bebe Stores, Inc.	7,379		79,324
Brown Shoe, Inc.	12,882		194,132
Carter's, Inc. *	17,007		274,663
Cherokee, Inc. (a)	2,233		75,185
Columbia Sportswear Company (a)	3,987		175,548
Deckers Outdoor Corp. *	3,703		399,258
G & K Services, Class A	6,197		220,675
G-III Apparel Group, Ltd. *	3,946		52,955
Iconix Brand Group, Inc. *	14,788		256,572
Interface, Inc., Class A	15,883		223,156
Jos. A. Bank Clothiers, Inc. * (a)	5,142		105,411
Kellwood Company (a)	0		0
K-Swiss, Inc., Class A	7,705		121,893
Lululemon Athletica, Inc. * (a)	3,751		106,641
Maidenform Brands, Inc. *	6,872		111,807
Movado Group, Inc.	5,009		97,625
Oxford Industries, Inc.	4,570		102,962
Perry Ellis International, Inc. *	3,369		73,545
Quiksilver, Inc. *	36,618		359,223
Skechers United States of America, Inc.,
Class A *	6,015		121,563
Stage Stores, Inc.	12,365		200,313
Steven Madden, Ltd. *	6,038		103,431
The Gymboree Corp. *	8,250		329,010
The Warnaco Group, Inc. *	13,322		525,420
Timberland Company, Class A *	14,000		192,220
True Religion Apparel, Inc. * (a)	4,053		75,183
Under Armour, Inc., Class A * (a)	7,156		261,910
Unifirst Corp.	4,138		153,478
Volcom, Inc. * (a)	4,488		90,703
Weyco Group, Inc. (a)	2,161		64,117
Wolverine World Wide, Inc.	15,607		452,759
			5,600,682
Auto Parts - 1.18%
Accuride Corp. *	6,982		57,113
Aftermarket Technology Corp. *	6,315		122,763
American Axle & Manufacturing Holdings, Inc.	13,015		266,807

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Auto Parts (continued)
Amerigon, Inc. *	6,376	$	94,365
ArvinMeritor, Inc.	20,972		262,360
Commercial Vehicle Group, Inc. *	6,524		64,653
CSK Auto Corp. * (a)	13,887		129,288
Exide Technologies * (a)	21,998		288,174
Federal Signal Corp.	14,252		198,958
Hayes Lemmerz International, Inc. *	31,068		86,680
Lear Corp. *	22,415		580,773
LKQ Corp. *	32,589		732,275
Miller Industries, Inc. *	3,097		29,824
Modine Manufacturing Company	9,571		138,684
Noble International, Ltd.	3,671		22,944
Pep Boys - Manny, Moe & Jack (a)	11,771		117,239
Standard Motor Products, Inc.	4,972		30,428
Superior Industries International, Inc. (a)	6,545		135,809
Tenneco, Inc. *	13,471		376,380
Titan International, Inc. (a)	6,989		213,933
Visteon Corp. *	39,561		148,749
			4,098,199
Auto Services - 0.11%
Dollar Thrifty Automotive Group, Inc. *	6,324		86,259
Lithia Motors, Inc., Class A	4,781		48,575
Midas, Inc. *	4,518		77,665
Monro Muffler Brake, Inc.	5,181		87,559
RSC Holdings, Inc. *	6,289		68,550
			368,608
Automobiles - 0.14%
Asbury Automotive Group, Inc.	7,377		101,508
Group 1 Automotive, Inc. (a)	6,621		155,461
Monaco Coach Corp.	9,330		88,448
Rush Enterprises, Inc., Class A *	9,552		151,304
			496,721
Banking - 6.70%
1st Source Corp.	4,221		88,852
Abington Bancorp, Inc.	3,996		41,239
AMCORE Financial, Inc.	6,785		138,075
Americanwest BanCorp.	5,305		46,260
Ameris Bancorp	4,173		67,018
Anchor BanCorp Wisconsin, Inc.	5,783		109,704
BancFirst Corp.	2,270		103,921
Banco Latinoamericano de
Exportaciones, S.A.	7,856		120,982
Bancorp, Inc. *	3,577		43,210
Bank Mutual Corp.	16,398		176,115
Bank of the Ozarks, Inc.	3,662		87,522
BankAtlantic Bancorp, Inc., Class A	13,545		52,961
BankFinancial Corp.	6,963		110,781
BankUnited Financial Corp., Class A (a)	10,213		51,167
Banner Corp. (a)	4,661		107,389
Beneficial Mutual Bancorp, Inc. *	11,239		111,154
Berkshire Hill Bancorp, Inc.	3,181		80,129
Boston Private Financial Holdings, Inc.	10,672		113,016
Brookline Bancorp, Inc.	18,744		215,181
Capital City Bank Group, Inc. (a)	3,806		110,374
Capital Corp. of the West	2,969		23,811

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

292

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Capitol Bancorp, Ltd. (a)	4,432	$	93,692
Cascade Bancorp (a)	6,933		66,279
Cathay General Bancorp, Inc. (a)	14,771		306,203
Centennial Bank Holdings, Inc. *	17,015		106,854
Central Pacific Financial Corp.	9,065		170,875
Chemical Financial Corp. (a)	7,297		173,960
Citizens Banking Corp.	22,063		274,243
City Bank, Lynnwood, WA (a)	4,088		91,040
CoBiz, Inc. (a)	5,653		73,602
Columbia Banking System, Inc.	5,236		117,182
Community Bancorp - NV *	3,270		44,341
Community Bank Systems, Inc. (a)	8,727		214,335
Community Trust Bancorp, Inc.	4,471		131,000
Corus Bankshares, Inc. (a)	11,527		112,158
CVB Financial Corp. (a)	19,542		203,432
Dime Community Bancorp, Inc.	7,505		131,187
Downey Financial Corp. (a)	6,274		115,316
Enterprise Financial Services Corp. (a)	3,118		77,950
F.N.B. Corp. (a)	17,400		271,614
First BanCorp Puerto Rico (a)	27,346		277,835
First Bancorp	3,612		71,987
First Busey Corp. (a)	7,519		158,801
First Charter Corp.	10,039		268,142
First Commonwealth Financial Corp. (a)	21,697		251,468
First Community Bancorp	7,374		197,992
First Community Bancshares, Inc. (a)	2,997		109,151
First Financial BanCorp (a)	10,093		135,751
First Financial Bankshares, Inc. (a)	5,917		242,479
First Financial Corp. (a)	3,910		120,350
First Financial Holdings, Inc.	3,685		86,450
First Merchants Corp.	5,364		153,089
First Midwest BanCorp, Inc., Illinois (a)	14,033		389,696
First Niagara Financial Group, Inc.	29,295		398,119
First Place Financial Corp.	5,450		70,850
First Regional Bancorp *	2,672		43,821
First South Bancorp, Inc. (a)	2,648		59,580
First State Bancorp	6,269		83,942
FirstFed Financial Corp. * (a)	4,030		109,414
FirstMerit Corp.	23,213		479,581
Flagstar Bancorp, Inc. (a)	13,507		97,521
Flushing Financial Corp.	6,346		111,563
Franklin Bank Corp. * (a)	8,668		26,264
Frontier Financial Corp. (a)	11,466		202,719
Glacier Bancorp, Inc. (a)	15,301		293,320
Great Southern Bancorp, Inc. (a)	3,195		49,874
Greene County Bancshares, Inc. (a)	3,548		62,764
Greenhill & Company, Inc. (a)	5,188		360,877
Hancock Holding Company (a)	7,719		324,352
Hanmi Financial Corp.	12,503		92,397
Harleysville National Corp. (a)	9,177		132,332
Heartland Financial USA, Inc. (a)	3,884		82,185
Heritage Commerce Corp. (a)	4,132		75,740
Home Bancshares, Inc. (a)	3,481		72,648
Horizon Financial Corp. (a)	3,908		53,969
IBERIABANK Corp.	3,372		149,211
Independent Bank Corp. - MA	4,185		123,667

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Independent Bank Corp. - MI (a)	7,278	$	75,546
Integra Bank Corp.	6,464		104,717
International Bancshares Corp.	14,887		336,148
Investors Bancorp, Inc. * (a)	15,144		232,460
Lakeland Bancorp, Inc. (a)	6,086		78,692
Lakeland Financial Corp.	3,643		82,514
Macatawa Bank Corp. (a)	5,139		53,497
MainSource Financial Group, Inc. (a)	5,525		85,637
MB Financial, Inc.	10,442		321,405
Midwest Banc Holdings, Inc. (a)	7,060		90,227
Nara Bancorp, Inc.	6,917		89,852
NASB Financial, Inc.	1,266		33,169
National Penn Bancshares, Inc. (a)	22,917		416,860
NewAlliance Bancshares, Inc. (a)	33,456		410,171
Northfield Bancorp, Inc. * (a)	6,527		66,902
Northwest Bancorp, Inc. (a)	5,357		146,407
Old National Bancorp (a)	19,177		345,186
Old Second Bancorp, Inc. (a)	3,447		91,552
Omega Financial Corp.	3,743		116,782
Oriental Financial Group, Inc.	6,121		120,645
Oritani Financial Corp. * (a)	4,004		60,741
Pacific Capital Bancorp (a)	13,769		296,033
Park National Corp. (a)	3,516		249,109
Peoples Bancorp, Inc.	3,134		75,561
PFF Bancorp, Inc. (a)	7,037		58,548
Pinnacle Financial Partners, Inc. * (a)	4,610		118,016
Preferred Bank, Los Angeles, CA	2,751		45,914
PrivateBancorp, Inc. (a)	5,536		174,218
Prosperity Bancshares, Inc.	10,247		293,679
Provident Bankshares Corp.	9,441		101,396
Provident Financial Services, Inc.	18,037		255,043
Provident New York Bancorp (a)	12,516		168,966
Renasant Corp. (a)	6,303		141,818
Republic Bancorp, Inc., Class A	2,927		55,262
Royal Bank of Canada *	7,728		359,352
S & T Bancorp, Inc. (a)	7,183		231,077
S.Y. Bancorp, Inc. (a)	3,628		84,315
Sandy Spring Bancorp, Inc. (a)	4,613		126,950
SCBT Financial Corp.	2,738		92,544
Seacoast Banking Corp. of Florida (a)	4,867		53,294
Security Bank Corp. (a)	5,465		43,447
Signature Bank *	8,556		218,178
Simmons First National Corp., Class A	4,176		124,152
Southside Bancshares, Inc.	3,513		84,558
Southwest Bancorp, Inc.	4,313		75,521
Sterling Bancorp	5,833		90,586
Sterling Bancshares, Inc.	21,640		215,102
Sterling Financial Corp., PA *	7,903		137,907
Sterling Financial Corp., Spokane	15,200		237,272
Suffolk Bancorp (a)	3,001		95,072
Sun Bancorp, Inc. of New Jersey *	4,812		63,374
Superior Bancorp * (a)	12,823		63,730
Susquehanna Bancshares, Inc. (a)	24,790		504,972
SVB Financial Group *	9,803		427,803
Texas Capital Bancshares, Inc. *	6,933		117,029
The South Financial Group, Inc.	21,680		322,165

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

293

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Tierone Corp.	5,426	$	61,205
Tompkins Trustco, Inc.	1,974		97,121
Trico Bancshares (a)	4,189		72,512
TrustCo Bank Corp., NY (a)	21,974		195,349
Trustmark Corp. (a)	14,033		312,655
UCBH Holdings, Inc. (a)	29,193		226,538
Umpqua Holdings Corp. (a)	17,965		278,637
Union Bankshares Corp. (a)	4,104		79,494
United Bankshares, Inc.	11,110		296,082
United Community Banks, Inc. (a)	12,359		209,856
United Security Bancshares (a)	2,660		44,688
Univest Corp. of Pennsylvania (a)	3,961		103,739
ViewPoint Financial Group (a)	3,714		61,318
Virginia Commerce Bancorp, Inc. *	5,318		61,051
Washington Trust Bancorp, Inc.	3,338		82,849
Wauwatosa Holdings, Inc. * (a)	3,411		40,591
WesBanco, Inc.	7,425		183,472
West Coast Bancorp	4,884		71,258
WestAmerica Bancorp (a)	8,630		453,938
Western Alliance Bancorp *	5,237		67,348
Wilshire Bancorp, Inc.	5,817		44,442
Wintrust Financial Corp.	6,981		243,986
			23,243,227
Biotechnology - 1.91%
Acorda Therapeutics, Inc. *	7,333		131,627
Affymetrix, Inc. * (a)	19,891		346,302
Alnylam Pharmaceuticals, Inc. * (a)	10,234		249,710
Applera Corp. - Celera Genomics Group *	22,914		336,836
Arena Pharmaceuticals, Inc. *	21,612		147,826
Arqule, Inc. * (a)	12,200		52,216
Bio Reference Labs, Inc. *	3,225		85,237
BioMimetic Therapeutics, Inc. * (a)	3,297		26,376
Bio-Rad Laboratories, Inc., Class A *	5,392		479,618
Cytokinetics, Inc. *	12,034		39,953
Exelixis, Inc. *	31,018		215,575
Genomic Health, Inc. * (a)	4,052		76,542
Geron Corp. * (a)	22,245		108,556
GTx, Inc. *	5,302		85,256
Human Genome Sciences, Inc. * (a)	39,945		235,276
Illumina, Inc. * (a)	15,540		1,179,486
Immucor, Inc. *	19,875		424,132
Integra LifeSciences Holdings Corp. * (a)	5,181		225,218
Intermune, Inc. * (a)	9,108		132,795
Keryx Biopharmaceuticals, Inc. * (a)	13,486		8,092
Kosan Biosciences, Inc. * (a)	14,114		22,159
Martek Biosciences Corp. * (a)	9,354		285,952
Medarex, Inc. *	37,097		328,308
Medivation, Inc. * (a)	6,396		91,015
Momenta Pharmaceuticals, Inc. *	7,784		85,079
Myriad Genetics, Inc. *	12,495		503,424
Nabi Biopharmaceuticals * (a)	19,376		77,892
Nektar Therapeutics *	27,437		190,413
Neurocrine Biosciences, Inc. * (a)	11,966		64,616
Orexigen Therapeutics Inc *	2,639		27,182
Osiris Therapeutics, Inc. * (a)	4,395		55,289
Pharmanet Development Group, Inc. *	5,349		134,955

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Biotechnology (continued)
Progenics Pharmaceuticals, Inc. * (a)	7,719	$	50,405
RXi Pharmaceuticals Corp. * (a)	1,394		13,243
Telik, Inc. * (a)	17,587		42,912
Tercica, Inc. * (a)	10,344		59,271
			6,618,744
Broadcasting - 0.45%
Acacia Research - Acacia Technologies *	9,220		53,015
Belo Corp., Class A	24,871		262,887
CKX, Inc. *	11,317		107,738
Cox Radio, Inc., Class A *	10,763		127,865
Crown Media Holdings, Inc., Class A * (a)	7,173		37,084
Cumulus Media, Inc., Class A *	10,343		65,988
Emmis Communications Corp., Class A * (a)	12,232		42,567
Entercom Communications Corp. (a)	10,838		107,621
Entravision Communications Corp., Class A *	21,730		144,722
Fisher Communications, Inc. *	2,236		69,674
Gray Television, Inc.	13,603		77,401
Journal Communications, Inc.	13,398		98,877
Mediacom Communications Corp., Class A *	18,468		79,966
Nexstar Broadcasting Group, Inc. *	4,564		26,928
Sinclair Broadcast Group, Inc., Class A (a)	15,570		138,729
World Wrestling Entertainment, Inc., Class A	6,456		120,146
			1,561,208
Building Materials & Construction - 0.76%
Apogee Enterprises, Inc.	8,446		130,068
Beacon Roofing Supply, Inc. *	13,325		133,250
Builders FirstSource, Inc. * (a)	5,319		38,616
Drew Industries, Inc. *	5,257		128,586
Dycom Industries, Inc. *	11,809		141,826
EMCOR Group, Inc. *	18,478		410,396
Granite Construction, Inc.	10,446		341,689
Griffon Corp. *	9,048		77,813
Interline Brands, Inc. *	7,879		146,156
LSI Industries, Inc.	5,355		70,740
NCI Building Systems, Inc. * (a)	5,911		143,046
Perini Corp. *	7,756		281,000
Texas Industries, Inc. (a)	7,846		471,623
Trex Company, Inc. * (a)	4,247		33,466
U.S. Concrete, Inc. *	11,383		43,255
WCI Communities, Inc. *	10,254		34,351
			2,625,881
Business Services - 4.61%
ABM Industries, Inc.	12,537		281,330
Administaff, Inc.	6,866		162,106
AMERCO, Inc. *	2,930		167,274
Arbitron, Inc.	8,251		356,113
Barrett Business Services, Inc.	2,145		36,744
Black Box Corp.	5,097		157,242
Bowne & Company, Inc.	8,046		122,702
Bright Horizons Family Solutions, Inc. *	7,610		327,534
CDI Corp.	3,823		95,766
Coinstar, Inc. *	8,252		232,211
Compass Diversified Trust	6,359		83,621
Compucredit Corp. *	6,358		56,395
comScore, Inc. *	1,833		36,770

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

294

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
COMSYS IT Partners, Inc. *	5,375	$	45,473
Constant Contact, Inc. * (a)	2,325		33,666
Core-Mark Holding Company, Inc. *	2,757		79,236
Cornell Corrections, Inc. *	3,122		70,120
CoStar Group, Inc. *	5,686		244,498
CRA International, Inc. *	3,217		103,394
CSG Systems International, Inc. *	11,033		125,445
Deluxe Corp.	15,030		288,726
DG Fastchannel, Inc. *	4,482		85,965
Diamond Management & Technology
Consultants, Inc.	9,500		61,275
Electro Rent Corp.	5,147		77,977
Ennis Business Forms, Inc.	7,550		126,689
Euronet Worldwide, Inc. * (a)	13,441		258,874
Exponent, Inc. *	4,292		140,949
EZCORP, Inc., Class A *	10,957		134,881
Forrester Research, Inc. *	4,489		119,318
FTI Consulting, Inc. *	13,663		970,620
Gartner Group, Inc., Class A *	20,262		391,867
Gevity HR, Inc.	7,819		67,713
Global Cash Access, Inc. *	13,986		81,958
Global Sources, Ltd. * (a)	5,132		76,210
GSI Commerce, Inc. *	5,936		78,058
Healthcare Services Group, Inc. (a)	12,028		248,258
Heidrick & Struggles International, Inc.	5,248		170,717
Hudson Highland Group, Inc. *	7,940		67,252
Huron Consulting Group, Inc. *	5,392		224,038
Informatica Corp. *	25,406		433,426
Insight Enterprises, Inc. *	14,039		245,683
Intervoice Brite, Inc. *	12,026		95,727
Jackson Hewitt Tax Service, Inc. (a)	8,641		99,112
Kelly Services, Inc., Class A	6,818		140,178
Kendle International, Inc. * (a)	3,717		166,968
Kenexa Corp. *	7,577		140,023
Kforce, Inc. *	9,667		85,456
Korn/Ferry International *	13,952		235,789
LECG Corp. *	7,592		71,061
MAXIMUS, Inc.	5,342		196,105
McGrath Rentcorp	7,326		176,630
Michael Baker Corp. *	2,091		46,964
MPS Group, Inc. *	30,010		354,718
Navigant Consulting Company * (a)	14,093		267,485
Net 1 UEPS Technologies, Inc. *	12,254		276,328
On Assignment, Inc. *	11,400		72,390
Perot Systems Corp., Class A *	25,471		383,084
PHH Corp. *	15,704		273,721
Pre-Paid Legal Services, Inc. * (a)	2,644		112,132
Quest Software, Inc. *	19,878		259,805
Resource America, Inc.	4,149		39,208
Resources Connection, Inc. *	14,487		258,883
Rollins, Inc.	12,101		214,067
SAIC, Inc. *	48,237		896,726
ScanSource, Inc. *	7,581		274,356
Seachange International, Inc. *	9,323		65,541
SonicWALL, Inc. *	18,878		154,233
Sotheby's	19,134		553,164

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Source Interlink Companies *	11,886	$	22,583
Spherion Corp. *	16,776		102,669
SRA International, Inc., Class A *	11,911		289,556
Standard Parking Corp. *	2,834		59,401
Stanley, Inc. *	2,353		69,319
SYNNEX Corp. *	4,750		100,795
Syntel, Inc.	3,647		97,193
TeleTech Holdings, Inc. *	12,209		274,214
Tetra Tech, Inc. *	16,925		330,207
TrueBlue, Inc. *	12,843		172,610
Tyler Technologies, Inc. *	11,455		160,141
Viad Corp.	6,190		222,902
Volt Information Sciences, Inc. *	4,320		73,267
Waste Industries USA	1,501		54,261
Watson Wyatt Worldwide, Inc., Class A	12,312		698,706
Wind River Systems, Inc. *	22,112		171,147
			15,976,919
Cable & Television - 0.43%
Gemstar-TV Guide International, Inc. *	74,505		350,174
Knology, Inc. *	8,234		106,630
Lin TV Corp. *	8,622		82,857
LodgeNet Entertainment Corp. *	7,165		43,635
Time Warner Telecom, Inc., Class A *	42,246		654,391
TiVo, Inc. * (a)	29,719		260,338
			1,498,025
Cellular Communications - 0.26%
Brightpoint, Inc. *	14,919		124,723
iPCS, Inc. *	5,263		122,891
Novatel Wireless, Inc. * (a)	9,472		91,689
RF Micro Devices, Inc. *	77,469		206,067
Rural Cellular Corp., Class A *	3,583		158,476
Syniverse Holdings, Inc. *	8,051		134,130
USA Mobility, Inc. *	6,892		49,209
			887,185
Chemicals - 2.66%
A. Schulman, Inc.	7,867		161,510
Albany Molecular Research, Inc. *	7,183		87,202
American Vanguard Corp.	5,462		90,888
Arch Chemicals, Inc.	7,040		262,310
Balchem Corp.	5,253		120,399
Calgon Carbon Corp. * (a)	11,768		177,108
Cambrex Corp. *	8,524		59,071
CF Industries Holdings, Inc.	16,045		1,662,583
Ferro Corp.	12,719		189,004
Georgia Gulf Corp. (a)	10,858		75,246
H.B. Fuller Company	17,657		360,379
Hercules, Inc.	33,695		616,282
Innophos Holdings, Inc. (a)	6,316		101,624
Innospec, Inc.	7,151		151,601
Landec Corp. *	6,433		54,230
LSB Industries, Inc. *	4,502		66,360
Metabolix, Inc. *	4,478		49,034
Minerals Technologies, Inc.	5,417		340,188
Newmarket Corp.	4,105		309,722
Olin Corp.	21,356		421,995

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

295

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chemicals (continued)
OM Group, Inc. *	8,654	$	471,989
PolyOne Corp. *	27,431		174,735
Rockwood Holdings, Inc. *	10,070		329,994
Sensient Technologies Corp.	13,513		398,498
ShengdaTech, Inc. * (a)	8,498		72,233
Stepan Company	1,875		71,681
Terra Industries, Inc. *	26,926		956,681
Tronox, Inc.	12,700		49,530
UAP Holding Corp.	14,808		567,739
W. R. Grace & Company *	20,481		467,376
Zep, Inc.	6,531		105,933
Zoltek Companies, Inc. * (a)	7,273		192,880
			9,216,005
Coal - 0.31%
Alpha Natural Resources, Inc. *	19,127		830,877
International Coal Group, Inc. * (a)	38,056		241,656
			1,072,533
Commercial Services - 0.73%
CBIZ, Inc. *	13,696		111,212
Cenveo, Inc. * (a)	15,827		165,551
Chemed Corp.	6,866		289,745
DynCorp International, Inc. *	7,148		119,229
Exlservice Holdings, Inc. * (a)	6,823		156,656
First Advantage Corp., Class A *	2,290		48,525
HMS Holdings Corp. *	6,140		175,297
Live Nation, Inc. * (a)	21,902		265,671
Morningstar, Inc. *	3,452		211,780
Odyssey Marine Exploration, Inc. * (a)	12,647		68,167
PeopleSupport, Inc. *	7,101		64,761
Perficient, Inc. *	8,561		67,974
Providence Service Corp. * (a)	3,336		100,080
Team, Inc. *	4,584		125,143
TNS, Inc. *	7,125		147,060
Waste Services, Inc. * (a)	6,228		50,572
Wright Express Corp. *	11,575		355,700
			2,523,123
Computer Services - 0.01%
SuccessFactors, Inc. * (a)	3,687		35,985
Computers & Business Equipment - 2.80%
3Com Corp. *	114,682		262,622
3D Systems Corp. * (a)	5,399		79,311
Acme Packet, Inc. *	6,972		55,706
Agilysys, Inc.	7,380		85,608
Avocent Corp. *	15,005		253,584
Benchmark Electronics, Inc. *	21,107		378,871
BigBand Networks, Inc. *	4,573		26,203
Blue Coat Systems, Inc. *	9,482		208,983
CACI International, Inc., Class A *	8,961		408,174
Cogent, Inc. * (a)	13,138		123,891
Cray, Inc. *	10,624		63,319
Data Domain, Inc. * (a)	2,897		68,949
Digi International, Inc. *	7,635		88,108
Echelon Corp. * (a)	8,894		120,069
Electronics for Imaging, Inc. *	16,728		249,582
EMS Technologies, Inc. *	4,487		121,777

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
Extreme Networks, Inc. *	36,079	$	111,845
Falconstor Software, Inc. * (a)	9,913		75,438
Foundry Networks, Inc. *	42,630		493,655
Gerber Scientific, Inc. *	6,991		62,150
Hurco Companies, Inc. *	1,684		78,778
Hypercom Corp. *	16,663		72,317
IHS, Inc., Class A *	9,090		584,578
Immersion Corp. *	9,098		64,687
Intermec, Inc. * (a)	17,893		397,046
Internap Network Services Corp. * (a)	14,829		73,552
Ixia *	13,138		101,951
Jack Henry & Associates, Inc.	22,866		564,104
L-1 Identity Solutions, Inc. * (a)	17,464		232,271
Limelight Networks, Inc. *	5,730		18,565
Liveperson, Inc. *	12,835		39,788
MICROS Systems, Inc. *	23,472		790,068
MTS Systems Corp.	5,170		166,784
Ness Technologies, Inc. *	10,369		98,402
Netezza Corp. *	3,621		34,291
NETGEAR, Inc. *	10,153		202,552
Palm, Inc. * (a)	30,670		153,350
Parametric Technology Corp. *	33,382		533,444
Plexus Corp. *	13,530		379,517
Quantum Corp. *	58,991		126,241
Rackable Systems, Inc. * (a)	8,945		81,578
Radiant Systems, Inc. *	7,763		108,449
RadiSys Corp. *	6,782		68,430
Rimage Corp. *	3,053		66,861
SI International, Inc. *	3,935		75,513
Sigma Designs, Inc. * (a)	8,605		195,075
Silicon Graphics, Inc. *	2,109		25,013
Silicon Storage Technology, Inc. *	28,309		74,170
Smart Modular Technologies (WWH), Inc. *	14,820		92,032
Sonic Solutions * (a)	7,021		67,753
Standard Microsystems Corp. *	6,568		191,654
STEC, Inc. *	9,867		61,077
Stratasys, Inc. * (a)	6,120		108,936
Sykes Enterprises, Inc. *	9,679		170,254
Synaptics, Inc. * (a)	7,563		180,604
Trident Microsystems, Inc. *	17,619		90,738
			9,708,268
Construction & Mining Equipment - 0.62%
Astec Industries, Inc. *	5,491		212,831
Bucyrus International, Inc., Class A	10,859		1,103,817
Carbo Ceramics, Inc. (a)	5,928		237,713
Gulf Islands Fabrication, Inc.	3,213		92,277
Kaman Corp., Class A	7,045		199,303
Layne Christensen Company *	4,875		170,723
Matrix Service Company *	7,843		134,743
			2,151,407
Construction Materials - 0.58%
Ameron International Corp.	2,628		245,797
Applied Industrial Technologies, Inc.	12,485		373,177
Clarcor, Inc.	14,826		527,064

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

296

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Construction Materials (continued)
Columbus McKinnon Corp. *	5,486	$	169,956
Comfort Systems USA, Inc.	11,901		154,832
Simpson Manufacturing Company, Inc. (a)	10,768		292,674
Standex International Corp.	3,926		87,707
Universal Forest Products, Inc.	4,897		157,684
			2,008,891
Containers & Glass - 0.38%
Greif, Inc., Class A	9,559		649,343
Mobile Mini, Inc. *	10,484		199,196
Silgan Holdings, Inc.	7,149		354,805
TAL International Group, Inc. (a)	4,771		112,452
			1,315,796
Containers-Paper/Plastic - 0.02%
Graphic Packaging Holding Company *	22,796		66,564
Correctional Facilities - 0.12%
The Geo Group, Inc. *	14,640		416,362
Cosmetics & Toiletries - 0.37%
Chattem, Inc. * (a)	4,842		321,218
Elizabeth Arden, Inc. *	7,151		142,662
Helen of Troy, Ltd. *	8,890		149,085
Intermediate Parfums, Inc.	2,712		59,881
Nu Skin Enterprises, Inc., Class A	14,674		264,426
Sally Beauty Holdings, Inc. *	27,314		188,467
Steiner Leisure, Ltd. *	4,667		154,011
			1,279,750
Crude Petroleum & Natural Gas - 1.58%
Allis-Chalmers Energy, Inc. *	7,415		102,253
Arena Resources, Inc. *	8,845		342,390
Bill Barrett Corp. * (a)	9,099		429,928
Bois d'Arc Energy, Inc. *	5,524		118,711
Carrizo Oil & Gas, Inc. *	7,057		418,268
Concho Resources, Inc. *	6,941		177,967
Contango Oil & Gas Company *	3,845		248,426
Edge Petroleum Corp. * (a)	9,238		37,229
EXCO Resources, Inc. *	18,129		335,387
FX Energy, Inc. * (a)	11,823		50,366
Geokinetics, Inc. *	2,335		42,310
GMX Resources, Inc. * (a)	3,528		123,233
Goodrich Petroleum Corp. * (a)	5,852		176,028
Gulfport Energy Corp. *	6,704		71,062
Harvest Natural Resources, Inc. *	10,504		126,678
Oilsands Quest, Inc. * (a)	41,562		163,754
Parallel Petroleum Corp. *	12,249		239,713
Penn Virginia Corp.	11,879		523,745
Petroquest Energy, Inc. *	12,390		214,843
SulphCo, Inc. * (a)	14,555		60,694
Swift Energy Company *	8,611		387,409
Toreador Resources Corp. * (a)	5,332		41,483
TXCO Resources, Inc. *	10,300		127,514
VAALCO Energy, Inc. *	18,106		89,987
Venoco, Inc. *	4,590		53,336
Whiting Petroleum Corp. *	12,217		789,829
			5,492,543

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Distribution/Wholesale - 0.02%
BMP Sunstone Corp. * (a)	8,836	$	67,684
Domestic Oil - 1.49%
Atlas America, Inc.	6,638		401,201
Berry Petroleum Company, Class A	11,478		533,612
Brigham Exploration Company *	14,094		85,551
Comstock Resources, Inc. *	12,981		523,134
Delta Petroleum Corp. * (a)	19,486		439,214
Encore Aquisition Company *	15,426		621,359
Energy Partners, Ltd. * (a)	8,917		84,444
EnergySouth, Inc. (a)	2,094		109,286
GeoGlobal Resources, Inc. * (a)	10,303		28,745
Mariner Energy, Inc. *	25,457		687,594
McMoran Exploration Company * (a)	12,941		223,750
Oil States International, Inc. *	14,233		637,781
Stone Energy Corp. *	8,175		427,634
Union Drilling, Inc. *	4,259		74,490
Warren Resources, Inc. *	17,502		207,749
Williams Clayton Energy, Inc. *	1,766		92,697
			5,178,241
Drugs & Health Care - 2.21%
Abaxis, Inc. *	6,100		141,337
Abiomed, Inc. *	8,631		113,411
Acadia Pharmaceuticals, Inc. *	9,353		84,738
Alpharma, Inc., Class A *	12,418		325,476
Ariad Pharmaceuticals, Inc. * (a)	21,464		72,334
BioMarin Pharmaceutical, Inc. *	27,803		983,392
CV Therapeutics, Inc. *	17,994		128,297
Datascope Corp.	3,722		154,203
Dendreon Corp. * (a)	24,814		119,604
Durect Corp. *	22,205		116,576
Gentiva Health Services, Inc. *	7,903		171,969
Hansen Medical, Inc. * (a)	2,782		39,115
I-Flow Corp. * (a)	6,146		86,229
Immunomedics, Inc. *	19,575		55,006
Invacare Corp.	8,462		188,533
K-V Pharmaceutical Company, Class A * (a)	10,204		254,692
Landauer, Inc.	2,623		132,042
Luminex Corp. * (a)	10,460		205,539
Mannatech, Inc. (a)	5,195		37,040
Matria Healthcare, Inc. *	6,256		139,509
Maxygen, Inc. *	8,172		52,791
Medical Action, Inc. *	4,146		68,119
Mentor Corp. (a)	9,742		250,564
Meridian Bioscience, Inc.	11,447		382,673
Molina Healthcare, Inc. * (a)	3,810		93,040
Neurogen Corp. *	12,053		22,419
OraSure Technologies, Inc. *	13,488		98,597
Pain Therapeutics, Inc. * (a)	10,805		91,302
Parexel International Corp. *	15,842		413,476
Perrigo Company	22,211		838,021
Quidel Corp. *	8,470		136,028
Res-Care, Inc. *	7,043		120,788
Savient Pharmaceuticals, Inc. * (a)	15,515		310,300
Seattle Genetics, Inc. *	14,623		133,069
Synutra International, Inc. * (a)	1,293		40,406

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

297

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (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.	3,084	$	156,205
Vivus, Inc. *	17,298		104,307
West Pharmaceutical Services, Inc.	9,526		421,335
XenoPort, Inc. *	6,211		251,359
Zymogenetics, Inc. * (a)	11,816		115,797
			7,649,638
Educational Services - 0.61%
American Public Education, Inc. *	1,665		50,566
Capella Education Company *	3,037		165,820
Corinthian Colleges, Inc. *	25,466		184,119
DeVry, Inc.	17,429		729,229
INVESTools, Inc. * (a)	15,130		166,279
Leapfrog Enterprises, Inc., Class A * (a)	10,843		76,443
Renaissance Learning, Inc. (a)	2,901		40,585
Strayer Education, Inc.	4,180		637,450
Universal Technical Institute, Inc. *	7,128		83,612
			2,134,103
Electrical Equipment - 1.70%
A.O. Smith Corp.	5,944		195,379
Aaon, Inc.	4,230		84,727
American Science & Engineering, Inc.	2,657		144,993
Anaren, Inc. *	4,820		61,021
Anixter International, Inc. *	8,838		565,986
Audiovox Corp., Class A *	5,015		53,560
AZZ, Inc. *	3,444		122,538
Baldor Electric Company	13,271		371,588
Cohu, Inc.	6,857		111,426
Coleman Cable, Inc. *	2,532		27,852
DTS, Inc. *	5,424		130,176
Encore Wire Corp. (a)	6,930		126,195
Excel Technology, Inc. *	3,562		96,032
FLIR Systems, Inc. *	38,538		1,159,608
GrafTech International, Ltd. *	30,450		493,595
Greatbatch, Inc. *	6,628		122,022
Houston Wire & Cable Company	4,751		76,111
Littelfuse, Inc. *	6,453		225,661
Methode Electronics, Inc.	10,804		126,299
Powell Industries, Inc. *	2,393		94,212
Power-One, Inc. * (a)	23,396		75,101
Universal Electronics, Inc. *	4,107		99,430
Varian, Inc. *	8,811		510,333
Vicor Corp.	6,002		71,664
W.H. Brady Company, Class A	14,674		490,552
Watsco, Inc. (a)	6,682		276,768
			5,912,829
Electrical Utilities - 1.61%
Allete, Inc.	7,425		286,754
Avista Corp.	15,456		302,319
Black Hills Corp.	10,809		386,746
Central Vermont Public Service Corp. (a)	3,116		74,472
CH Energy Group, Inc.	4,685		182,247
Cleco Corp.	17,257		382,760
El Paso Electric Company *	13,336		284,990
Empire District Electric Company (a)	9,925		200,981
EnerNOC, Inc. * (a)	1,370		15,618

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
IDACORP, Inc. (a)	12,676	$	407,026
ITC Holdings Corp.	12,395		645,284
MGE Energy, Inc. (a)	6,297		214,476
NorthWestern Corp.	10,381		252,985
Otter Tail Corp. (a)	8,560		302,938
Pike Electric Corp. *	5,237		72,952
PNM Resources, Inc.	22,513		280,737
Portland General Electric Company	8,639		194,810
UIL Holding Corp.	7,459		224,740
Unisource Energy Corp.	10,070		224,158
Westar Energy, Inc.	28,769		655,070
			5,592,063
Electronics - 1.97%
Adaptec, Inc. *	36,917		108,536
Anadigics, Inc. *	17,402		114,157
Analogic Corp.	3,835		255,181
Applied Energetics, Inc. * (a)	11,656		19,349
Bel Fuse, Inc., Class B	3,555		99,042
Belden, Inc.	13,072		461,703
Checkpoint Systems, Inc. *	11,541		309,876
Comtech Group, Inc. *	5,633		60,780
CTS Corp.	10,767		115,207
Cubic Corp.	4,511		128,248
Cynosure, Inc. *	2,392		50,950
Daktronics, Inc. (a)	9,460		169,429
Eagle Test Systems, Inc. *	3,714		38,997
Electro Scientific Industries, Inc. *	8,551		140,920
Enersys *	6,049		144,692
FEI Company *	10,608		231,573
Franklin Electric, Inc. (a)	5,656		193,266
Hutchinson Technology, Inc. *	7,585		120,677
II-VI, Inc. *	6,930		263,201
Imation Corp. (a)	10,442		237,451
Integrated Electrical Services, Inc. * (a)	3,986		62,620
IPG Photonics Corp. *	3,092		48,513
Itron, Inc. *	8,714		786,264
Kemet Corp. *	24,954		100,814
LoJack Corp. *	5,465		69,078
Measurement Specialties, Inc. *	4,287		74,894
Medis Technologies, Ltd. * (a)	7,307		66,275
Mentor Graphics Corp. *	26,529		234,251
Mercury Computer Systems, Inc. *	7,005		39,368
Multi-Fineline Electronix, Inc. *	2,709		50,848
Newport Corp. *	10,537		117,698
OSI Systems, Inc. *	4,409		101,495
Park Electrochemical Corp.	5,881		152,024
Rogers Corp. *	5,213		174,166
SiRF Technology Holdings, Inc. * (a)	17,535		89,253
Sonic Innovations, Inc. *	8,345		40,306
Stoneridge, Inc. *	4,553		61,238
Supertex, Inc. * (a)	3,401		69,414
Sycamore Networks, Inc. *	54,668		200,085
Syntax-Brillian Corp. * (a)	17,969		17,610
Taser International, Inc. * (a)	18,329		172,293
Technitrol, Inc.	11,814		273,258
TTM Technologies, Inc. *	12,437		140,787

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

298

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics (continued)
Universal Display Corp. * (a)	8,241	$	118,011
X-Rite, Inc. *	8,733		52,136
Zoran Corp. *	14,435		197,182
Zygo Corp. *	5,098		63,419
			6,836,535
Energy - 0.60%
Alon USA Energy, Inc.	3,741		56,900
Aventine Renewable Energy Holdings, Inc. * (a)	9,474		49,265
Clean Energy Fuels Corp. * (a)	3,302		44,115
Comverge, Inc. *	1,957		20,216
Energy Conversion Devices, Inc. * (a)	11,651		348,365
Evergreen Solar, Inc. *	24,998		231,731
Fuelcell Energy, Inc. *	19,971		132,807
Headwaters, Inc. * (a)	11,673		153,967
New Jersey Resources Corp.	11,709		363,564
Nova Biosource Fuels, Inc. * (a)	10,651		16,083
Ormat Technologies, Inc. (a)	3,991		171,653
Pacific Ethanol, Inc. * (a)	11,118		48,919
Rosetta Resources, Inc. *	14,995		294,952
US BioEnergy Corp. *	4,592		27,093
VeraSun Energy Corp. * (a)	12,234		89,920
Verenium Corp. * (a)	12,736		44,831
			2,094,381
Financial Services - 2.68%
Actrade Financial Technologies, Ltd. *	722		917
Advance America Cash Advance Centers, Inc.	19,785		149,377
Advanta Corp., Class B	11,039		77,604
Ampal American Israel Corp. *	6,369		40,762
Apollo Investment Corp. (a)	33,819		535,355
Ares Capital Corp.	19,821		249,150
Asset Acceptance Capital Corp. * (a)	4,587		44,173
Asta Funding, Inc.	3,336		46,470
Bankrate, Inc. *	3,286		163,938
BlackRock Kelso Capital Corp.	2,998		35,796
Calamos Asset Management, Inc.	6,333		103,101
Capital Southwest Corp.	842		104,172
Cass Information Systems, Inc. (a)	2,000		63,120
Centerline Holding Company (a)	15,420		62,605
City Holding Company	4,913		196,029
Clayton Holdings, Inc. * (a)	4,741		21,998
Cohen & Steers, Inc. (a)	5,204		137,854
Cowen Group, Inc. * (a)	5,016		35,563
Delphi Financial Group, Inc.	12,614		368,707
Dollar Financial Corp. *	4,780		109,940
Duff & Phelps Corp. *	2,999		53,952
Encore Capital Group, Inc. * (a)	5,201		35,367
Epoch Holding Corp. (a)	2,697		32,310
Evercore Partners, Inc. (a)	2,993		53,126
FBR Capital Markets Corp. *	9,216		62,208
FCStone Group, Inc. *	2,669		73,931
Federal Agricultural Mortgage Corp., Class C	3,044		79,448
Financial Federal Corp.	7,856		171,339
Fremont General Corp. * (a)	21,135		10,145
Friedman, Billings, Ramsey Group, Inc.	42,965		73,040
GAMCO Investors, Inc.	1,562		78,662

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
GFI Group, Inc. *	4,570	$	261,861
Gladstone Capital Corp.	5,171		96,749
Heartland Payment Systems, Inc. (a)	4,809		110,655
Hercules Technology Growth Capital, Inc. (a)	9,423		102,334
HFF, Inc. *	5,675		28,432
Interactive Brokers Group, Inc. *	11,407		292,818
Interactive Data Corp.	10,328		294,038
Irwin Financial Corp.	6,290		33,400
KBW, Inc. * (a)	8,530		188,086
Kearny Financial Corp.	6,704		73,409
Knight Capital Group, Inc. *	28,265		459,024
Kohlberg Capital Corp.	4,415		45,828
LaBranche & Company, Inc. *	16,641		72,388
Ladenburg Thalmann Financial Services, Inc. * (a)	29,680		55,502
MarketAxess Holdings, Inc. * (a)	9,301		92,452
MCG Capital Corp. (a)	18,185		165,302
MVC Capital, Inc.	6,922		105,491
National Financial Partners Corp. (a)	10,823		243,193
NBT Bancorp, Inc.	9,370		208,014
Nelnet, Inc., Class A (a)	5,583		65,600
NewStar Financial, Inc. * (a)	5,842		30,262
NGP Capital Resources Company (a)	4,875		80,047
Ocwen Financial Corp. *	10,847		48,161
optionsXpress Holdings, Inc.	12,660		262,189
Patriot Capital Funding, Inc.	6,204		64,956
PennantPark Investment Corp.	6,186		52,643
Penson Worldwide, Inc. *	4,578		42,255
Piper Jaffray Companies, Inc. *	5,107		173,434
Portfolio Recovery Associates, Inc. * (a)	4,415		189,359
Prospect Capital Corp. (a)	7,026		106,936
Pzena Investment Management, Inc. (a)	2,208		24,995
Sanders Morris Harris Group, Inc. (a)	5,751		46,928
Stifel Financial Corp. * (a)	4,310		193,519
SWS Group, Inc.	6,719		82,173
Thomas Weisel Partners Group, Inc. *	6,635		43,924
TICC Capital Corp. (a)	6,468		48,639
U.S. Global Investors, Inc. (a)	3,640		49,286
UMB Financial Corp.	8,832		363,878
United Community Financial Corp. (a)	8,668		53,742
Waddell & Reed Financial, Inc., Class A	24,313		781,177
World Acceptance Corp. *	5,179		164,951
WP Stewart & Company, Ltd. (a)	7,916		15,357
WSFS Financial Corp.	1,888		93,041
			9,276,587
Food & Beverages - 1.27%
Cal-Maine Foods, Inc. (a)	3,700		123,506
Chiquita Brands International, Inc. *	12,448		287,673
Coca-Cola Bottling Company	1,779		109,622
Farmer Brothers Company	2,067		47,830
Flowers Foods, Inc.	21,997		544,426
Green Mountain Coffee Roasters, Inc. * (a)	4,977		157,522
Hain Celestial Group, Inc. *	11,588		341,846
Imperial Sugar Company (a)	3,480		65,494
J & J Snack Foods Corp.	4,198		115,319
Jones Soda Company * (a)	8,190		28,583
Lance, Inc.	9,159		179,516

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

299

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages (continued)
M & F Worldwide Corp. *	3,457	$	129,257
MGP Ingredients, Inc. (a)	3,411		23,843
Nuco2, Inc. *	4,591		127,492
Performance Food Group Company *	10,275		335,787
Pilgrim's Pride Corp. (a)	11,717		237,035
Ralcorp Holdings, Inc. *	7,377		428,973
Sanderson Farms, Inc.	4,907		186,515
Seaboard Corp.	101		158,065
Spartan Stores, Inc.	6,229		129,875
Tootsie Roll Industries, Inc. (a)	10,782		271,708
TreeHouse Foods, Inc. *	9,240		211,226
Winn-Dixie Stores, Inc. * (a)	10,075		180,947
			4,422,060
Forest Products - 0.05%
Deltic Timber Corp.	3,049		169,829
Funeral Services - 0.05%
Stewart Enterprises, Inc., Class A (a)	27,693		177,789
Furniture & Fixtures - 0.24%
American Woodmark Corp.	3,429		70,500
Ethan Allen Interiors, Inc. (a)	7,535		214,220
Furniture Brands International, Inc. (a)	14,503		169,685
Hooker Furniture Corp.	3,262		72,873
Kimball International, Inc., Class B	7,956		85,288
La-Z-Boy, Inc. (a)	15,525		129,479
Sealy Corp. (a)	13,360		101,536
			843,581
Gas & Pipeline Utilities - 1.18%
American States Water Company	5,080		182,880
Aquila, Inc. *	111,664		358,441
Cal Dive International, Inc. *	12,538		130,144
California Water Service Group (a)	5,865		223,750
Crosstex Energy, Inc. (a)	10,777		365,879
Markwest Energy Partners LP *	3,456		106,583
Nicor, Inc. (a)	12,854		430,737
Northwest Natural Gas Company	7,731		335,835
Piedmont Natural Gas, Inc. (a)	21,479		564,039
South Jersey Industries, Inc.	8,431		296,012
Southwest Gas Corp.	12,232		342,007
Southwest Water Company (a)	7,694		85,173
The Laclede Group, Inc.	6,267		223,293
WGL Holdings, Inc.	13,931		446,628
			4,091,401
Healthcare Products - 2.89%
Accuray, Inc. *	4,886		38,160
Align Technology, Inc. *	17,379		193,081
American Medical Systems Holdings, Inc. * (a)	21,121		299,707
AngioDynamics, Inc. *	6,292		72,735
Animal Health International, Inc. *	3,815		41,736
ArthroCare Corp. *	7,997		266,700
Aspect Medical Systems, Inc. *	4,752		28,987
Bruker BioSciences Corp. *	18,994		292,318
Cantel Medical Corp. *	3,559		37,797
Computer Programs & Systems, Inc.	2,847		59,502
Conceptus, Inc. * (a)	8,834		163,959

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
CONMED Corp. *	8,208	$	210,453
Cutera, Inc. *	3,914		52,722
Cyberonics, Inc. * (a)	7,298		105,821
Cypress Biosciences, Inc. *	10,973		78,567
Haemonetics Corp. *	7,466		444,824
Hologic, Inc. * (a)	35,510		1,974,356
ICU Medical, Inc. *	3,749		107,859
Insulet Corp. *	2,457		35,381
Inverness Medical Innovations, Inc. *	19,481		586,378
Kensey Nash Corp. *	3,529		102,164
LCA-Vision, Inc.	5,706		71,325
LifeCell Corp. *	9,753		409,919
Mannkind Corp. *	16,117		96,218
Masimo Corp. *	4,002		104,052
Merit Medical Systems, Inc. *	8,132		128,729
Micrus Endovascular Corp. *	4,459		55,113
Natus Medical, Inc. *	6,316		114,635
Nuvasive, Inc. *	10,020		345,790
Orthofix International NV *	4,775		189,902
Owens & Minor, Inc.	11,537		453,866
PSS World Medical, Inc. *	19,399		323,187
RTI Biologics, Inc. * (a)	9,124		86,222
Sirona Dental Systems, Inc. *	4,920		132,692
SonoSite, Inc. * (a)	4,841		137,630
Spectranetics Corp. *	8,945		74,780
Stereotaxis, Inc. * (a)	8,416		49,823
STERIS Corp.	18,665		500,782
SurModics, Inc. * (a)	4,330		181,340
Symmetry Medical, Inc. *	10,226		169,752
The Medicines Company *	15,210		307,242
Thoratec Corp. *	15,376		219,723
TomoTherapy, Inc. *	3,664		52,578
Ulta Salon, Cosmetics & Fragrance, Inc. * (a)	2,656		37,290
USANA Health Sciences, Inc. * (a)	2,459		54,172
Volcano Corp. *	8,698		108,725
Wright Medical Group, Inc. *	10,306		248,787
Zoll Medical Corp. *	5,940		157,945
			10,005,426
Healthcare Services - 1.60%
Air Methods Corp. *	3,002		145,207
Alliance Imaging, Inc. *	7,606		65,411
Amedisys, Inc. *	7,476		294,106
American Dental Partners, Inc. *	4,021		38,883
AMERIGROUP Corp. *	15,273		417,411
AMN Healthcare Services, Inc. *	10,261		158,224
Apria Healthcare Group, Inc. *	12,698		250,785
Assisted Living Concepts, Inc. *	17,985		105,932
athenahealth, Inc. *	2,133		50,488
Capital Senior Living Corp. *	7,076		56,962
CorVel Corp. *	2,425		74,181
Cross Country Healthcare, Inc. *	9,632		119,148
Emergency Medical Services Corp., Class A * (a)	2,627		64,861
Emeritus Corp. * (a)	3,735		77,912
Enzo Biochem, Inc. *	9,418		85,610
Healthextras, Inc. *	8,958		222,517
Healthsouth Corp. * (a)	23,101		410,967

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

300

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services (continued)
Healthspring, Inc. *	13,896	$	195,656
Healthways, Inc. *	10,150		358,701
Kindred Healthcare, Inc. *	8,331		182,199
LHC Group, Inc. *	4,186		70,325
Magellan Health Services, Inc. *	11,164		443,099
National Healthcare Corp. (a)	1,989		96,864
Nighthawk Radiology Holdings, Inc. * (a)	6,298		58,949
Obagi Medical Products, Inc. *	1,671		14,504
Odyssey Healthcare, Inc. *	10,175		91,575
Palomar Medical Technologies, Inc. * (a)	5,562		83,986
Phase Forward, Inc. *	12,113		206,890
Psychiatric Solutions, Inc. *	15,736		533,765
Skilled Healthcare Group, Inc. *	6,567		72,106
Sun Healthcare Group, Inc. *	12,579		165,288
The Advisory Board Company *	5,231		287,391
Town Sports International Holdings, Inc. *	5,327		34,146
Virtual Radiologic Corp *	1,485		22,691
			5,556,740
Holdings Companies/Conglomerates - 0.10%
Information Services Group, Inc. * (a)	8,358		43,127
Marathon Acquisition Corp. *	11,262		86,942
NTR Acquisition Company *	7,363		70,464
PICO Holdings, Inc. * (a)	4,468		135,068
			335,601
Homebuilders - 0.50%
Beazer Homes USA, Inc. (a)	12,178		115,082
Champion Enterprises, Inc. * (a)	22,641		227,089
Hovnanian Enterprises, Inc., Class A * (a)	11,621		123,183
M/I Homes, Inc. (a)	4,124		70,026
Meritage Homes Corp. *	8,235		159,100
Standard Pacific Corp.	20,847		101,316
Walter Industries, Inc.	15,114		946,590
			1,742,386
Hotels & Restaurants - 1.59%
AFC Enterprises, Inc. *	8,603		77,341
Ameristar Casinos, Inc. (a)	7,325		133,681
Benihana, Inc., Class A *	3,920		44,178
BJ's Restaurants, Inc. * (a)	5,152		74,240
Bob Evans Farms, Inc.	9,604		264,974
Buffalo Wild Wings, Inc. *	4,557		111,647
California Pizza Kitchen, Inc. *	8,646		113,349
CBRL Group, Inc.	7,164		256,256
CEC Entertainment, Inc. *	7,593		219,286
Chipotle Mexican Grill, Inc. *	9,465		918,957
CKE Restaurants, Inc.	16,693		187,295
Denny's Corp. *	28,447		84,772
Domino's Pizza, Inc. *	12,782		172,429
IHOP Corp. (a)	5,094		244,003
Jack in the Box, Inc. *	18,158		487,905
Jamba, Inc. * (a)	17,522		46,433
Krispy Kreme Doughnuts, Inc. * (a)	20,405		62,235
Landry's Restaurants, Inc. (a)	3,714		60,464
Lodgian, Inc. *	6,028		67,212
Marcus Corp.	6,294		120,845

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hotels & Restaurants (continued)
McCormick & Schmick's Seafood
Restaurants, Inc. *	4,587	$	53,439
Morgans Hotel Group Company *	6,480		96,034
O'Charley's, Inc.	6,702		77,207
P.F. Chang's China Bistro, Inc. * (a)	7,633		217,083
Papa John's International, Inc. *	6,258		151,506
Peets Coffee & Tea, Inc. * (a)	4,039		94,957
Red Robin Gourmet Burgers, Inc. * (a)	4,881		183,379
Ruby Tuesday, Inc.	16,293		122,198
Ruth's Chris Steak House, Inc. * (a)	6,239		43,112
Sonic Corp. *	17,626		388,477
Texas Roadhouse, Inc., Class A *	15,573		152,615
The Steak & Shake Company * (a)	8,962		70,531
Triarc Companies, Inc.	18,911		130,675
			5,528,715
Household Appliances - 0.07%
Consolidated Tomoka Land Company (a)	1,657		92,875
Libbey, Inc.	4,497		75,729
Lifetime Brands, Inc.	3,236		28,930
National Presto Industries, Inc.	1,163		60,941
			258,475
Household Products - 0.43%
Blyth, Inc.	7,110		140,209
Central Garden & Pet Company, Class A *	21,234		94,279
Cryolife, Inc. *	7,686		72,249
Select Comfort Corp. * (a)	14,169		51,008
Tempur-Pedic International, Inc. (a)	21,850		240,350
Tupperware Brands Corp.	17,788		688,040
TurboChef Technologies, Inc. * (a)	6,152		40,111
WD-40 Company	5,084		169,043
			1,495,289
Industrial Machinery - 2.01%
Actuant Corp., Class A	15,918		480,883
Albany International Corp., Class A	8,389		303,178
Badger Meter, Inc.	4,150		179,280
Briggs & Stratton Corp. (a)	14,426		258,225
Cascade Corp.	3,442		169,725
Chart Industries, Inc. *	3,954		133,803
Circor International, Inc.	4,778		220,983
Cognex Corp.	13,024		284,314
Dionex Corp. *	5,440		418,826
EnPro Industries, Inc. *	6,374		198,805
Flow International Corp. *	11,182		103,881
Gehl Company *	3,135		53,107
Gorman-Rupp Company (a)	4,321		142,118
H&E Equipment Services, Inc. *	5,261		66,131
Intevac, Inc. *	6,598		85,444
Kadant, Inc. *	4,148		121,868
Lindsay Corp. (a)	3,401		348,501
Lufkin Industries, Inc.	4,310		275,064
Middleby Corp. * (a)	3,942		245,941
NACCO Industries, Inc., Class A	1,686		136,465
NATCO Group, Inc. *	5,341		249,692
OYO Geospace Corp. *	1,185		53,823
Raser Technologies, Inc. * (a)	9,277		79,689

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

301

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial Machinery (continued)
Regal-Beloit Corp.	9,195	$	336,813
Robbins & Myers, Inc.	8,196		267,599
Rofin-Sinar Technologies, Inc. *	8,997		403,965
Sauer-Danfoss, Inc.	3,353		74,235
Tecumseh Products Company, Class A *	4,659		142,938
Tennant Company	4,817		191,765
Tredegar Industries, Inc.	9,051		164,819
Twin Disc, Inc.	2,613		41,338
Valmont Industries, Inc. (a)	5,398		474,430
Watts Water Technologies, Inc., Class A (a)	9,180		257,315
			6,964,963
Industrials - 0.26%
Aecom Technology Corp. *	12,455		323,955
Brookfield Homes Corp. (a)	3,525		59,220
Clean Harbors, Inc. *	4,691		304,915
EnergySolutions, Inc.	8,696		199,486
			887,576
Insurance - 3.40%
Alfa Corp.	9,531		209,491
American Equity Investment Life Holding
Company	17,072		158,428
American Physicians Capital, Inc.	2,660		123,318
Amerisafe, Inc. *	5,673		71,707
Amtrust Financial Services, Inc.	7,353		119,192
Argo Group International Holdings, Ltd. *	8,782		311,937
Aspen Insurance Holdings, Ltd.	25,336		668,364
Assured Guaranty, Ltd.	23,500		557,890
Baldwin & Lyons, Inc., Class B	2,365		60,733
Citizens, Inc., Class A * (a)	11,634		77,831
CNA Surety Corp. *	4,997		76,854
Commerce Group, Inc.	14,059		506,968
Darwin Professional Underwriters, Inc. *	2,275		51,165
Donegal Group, Inc.	4,050		70,470
eHealth, Inc. *	3,986		87,971
EMC Insurance Group, Inc.	1,927		51,817
Employers Holdings, Inc.	14,603		270,740
Enstar Group, Ltd. * (a)	2,091		232,666
FBL Financial Group, Inc., Class A	4,139		117,920
First Mercury Financial Corp. *	3,661		63,738
Flagstone Reinsurance Holdings, Ltd.	4,183		50,614
FPIC Insurance Group, Inc. *	2,710		127,749
Greenlight Capital Re, Ltd. * (a)	3,228		60,041
Harleysville Group, Inc.	4,263		153,852
Hilb, Rogal and Hamilton Company	10,545		331,851
Horace Mann Educators Corp.	12,680		221,646
Infinity Property & Casualty Corp.	4,786		199,098
IPC Holdings, Ltd.	17,456		488,768
Kansas City Life Insurance Company	1,391		66,851
LandAmerica Financial Group, Inc. (a)	4,625		182,549
Max Re Capital, Ltd.	17,349		454,370
Meadowbrook Insurance Group, Inc.	9,670		75,523
Midland Company	2,795		181,479
Montpelier Re Holdings, Ltd. (a)	29,769		477,792
National Interstate Corp.	1,579		36,870
National Western Life Insurance Company,
Class A	564		122,270

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Navigators Group, Inc. *	3,693	$	200,899
NYMAGIC, Inc.	1,870		42,468
Odyssey Re Holdings Corp. (a)	8,083		297,050
Phoenix Companies, Inc.	33,424		408,107
Platinum Underwriters Holdings, Ltd.	17,108		555,326
PMA Capital Corp., Class A *	10,258		87,603
Presidential Life Corp.	6,523		113,761
Primus Guaranty, Ltd. *	14,364		51,423
ProAssurance Corp. *	9,627		518,221
RLI Corp.	6,012		298,015
Safety Insurance Group, Inc.	4,706		160,616
SeaBright Insurance Holdings, Inc. *	6,167		90,840
Security Capital Assurance, Ltd. (a)	8,417		4,377
Selective Insurance Group, Inc.	16,018		382,510
State Auto Financial Corp. (a)	4,234		123,336
Stewart Information Services Corp.	5,259		147,199
Tower Group, Inc.	5,775		145,357
Triad Guaranty, Inc. * (a)	4,604		23,020
United America Indemnity, Ltd. *	7,240		139,442
United Fire & Casualty Company	6,412		239,809
Universal American Financial Corp. *	14,265		151,209
Validus Holdings, Ltd.	4,596		107,684
Zenith National Insurance Corp.	10,551		378,359
			11,787,154
International Oil - 0.26%
ATP Oil & Gas Corp. *	7,478		244,680
BPZ Energy, Inc. *	15,053		327,102
Callon Petroleum Company *	6,307		114,093
Parker Drilling Company *	32,626		210,764
			896,639
Internet Content - 0.51%
CMGI, Inc. *	14,349		190,268
CNET Networks, Inc. * (a)	44,221		313,969
Dice Holdings, Inc. *	5,501		49,014
Harris Interactive, Inc. *	16,759		45,752
InfoSpace, Inc. *	9,509		110,019
Internet Cap Group, Inc. *	11,718		122,687
Liquidity Services, Inc. *	3,527		28,216
LoopNet, Inc. * (a)	8,008		101,702
Move, Inc. *	32,346		99,626
RightNow Technologies, Inc. * (a)	5,612		66,783
Schawk, Inc., Class A	4,467		71,427
Sohu.com, Inc. *	7,982		360,228
TechTarget, Inc. *	2,456		34,802
The Knot, Inc. *	8,366		98,300
TheStreet.com, Inc.	6,364		51,421
Travelzoo, Inc. * (a)	2,209		24,387
			1,768,601
Internet Retail - 0.81%
1-800-Flowers.com, Inc. *	7,014		59,689
Ariba, Inc. *	23,001		222,190
Blue Nile, Inc. * (a)	3,884		210,319
Mercadolibre, Inc. *	4,726		187,906
Netflix, Inc. * (a)	13,713		475,155
Orbitz Worldwide, Inc. * (a)	10,403		71,677

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

302

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Retail (continued)
Overstock.com, Inc. * (a)	5,076	$	60,455
PetMed Express, Inc. *	6,280		69,645
Priceline.com, Inc. * (a)	10,990		1,328,251
Shutterfly, Inc. *	4,103		61,012
Stamps.com, Inc. *	4,817		49,422
			2,795,721
Internet Service Provider - 0.50%
Cogent Communications Group, Inc. * (a)	14,590		267,143
Earthlink, Inc. *	35,613		268,878
Equinix, Inc. * (a)	10,499		698,079
eSPEED, Inc., Class A *	6,006		70,030
Imergent, Inc. (a)	3,936		44,831
Online Resources Corp. *	8,459		81,376
Terremark Worldwide, Inc. * (a)	15,326		83,986
United Online, Inc.	19,388		204,737
			1,719,060
Internet Software - 0.81%
Art Technology Group, Inc. *	37,519		145,574
Chordiant Software, Inc. *	9,746		58,768
Cybersource Corp. *	18,597		271,702
DealerTrack Holdings, Inc. *	10,479		211,885
Digital River, Inc. *	12,034		372,693
eResearch Technology, Inc. *	11,649		144,681
Interwoven, Inc. *	12,774		136,426
Keynote Systems, Inc. * (a)	4,828		56,922
Lionbridge Technologies, Inc. *	18,795		62,963
NIC, Inc. *	11,229		79,838
Openwave Systems, Inc. * (a)	26,961		66,055
RealNetworks, Inc. *	28,293		162,119
S1 Corp. *	15,410		109,565
Sapient Corp. *	24,023		167,200
Switch & Data Facilities Company, Inc. *	4,167		42,545
TIBCO Software, Inc. *	55,882		398,998
VASCO Data Security International, Inc. * (a)	7,673		104,967
Vignette Corp. *	7,951		105,033
Vocus, Inc. *	3,803		100,399
			2,798,333
Leisure Time - 1.34%
Ambassadors International, Inc.	3,023		22,400
Bally Technologies, Inc. *	15,461		530,931
Blockbuster, Inc., Class A *	56,801		185,171
Bluegreen Corp. *	6,418		43,001
Callaway Golf Company	19,256		282,678
Carmike Cinemas, Inc. (a)	4,626		47,555
Churchill Downs, Inc.	2,747		129,768
Cinemark Holdings, Inc. (a)	8,469		108,318
Dover Downs Gaming & Entertainment, Inc.	4,663		39,682
Gaylord Entertainment Company *	11,939		361,632
Isle of Capri Casinos, Inc. * (a)	4,992		35,693
Lakes Gaming, Inc. *	5,981		26,436
Life Time Fitness, Inc. * (a)	9,684		302,238
Marine Products Corp. (a)	4,122		33,306
Monarch Casino & Resort, Inc. *	3,401		60,232
MTR Gaming Group, Inc. * (a)	6,818		47,726
Multimedia Games, Inc. * (a)	7,338		39,185

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Leisure Time (continued)
National Cinemedia, Inc.	12,533	$	281,742
Pinnacle Entertainment, Inc. *	17,447		223,322
Polaris Industries, Inc. (a)	10,358		424,781
Premier Exhibitions, Inc. *	8,394		50,700
RC2 Corp. *	5,559		116,572
Riviera Holdings Corp. *	3,002		61,871
Shuffle Master, Inc. * (a)	11,088		59,321
Speedway Motorsports, Inc.	3,898		97,723
Steinway Musical Instruments, Inc. *	2,309		65,853
The Nautilus Group, Inc. (a)	10,137		33,351
Trump Entertainment Resorts, Inc. * (a)	10,468		37,685
Vail Resorts, Inc. * (a)	9,021		435,624
West Marine, Inc. *	4,649		32,403
WMS Industries, Inc. *	11,806		424,662
			4,641,562
Life Sciences - 0.26%
American Ecology Corp.	4,737		119,988
Arrowhead Research Corp. *	11,031		31,218
Dawson Geophysical Company *	2,176		146,880
Halozyme Therapeutics, Inc. * (a)	19,289		122,678
Incyte Corp. *	24,805		260,701
Nanosphere, Inc. * (a)	2,672		23,140
Omrix Biopharmaceuticals, Inc. *	3,832		53,648
Senomyx, Inc. *	9,419		55,572
Symyx Technologies, Inc. *	10,963		82,222
			896,047
Liquor - 0.21%
Boston Beer Company, Inc. *	2,652		126,076
Central European Distribution Corp. * (a)	10,253		596,622
			722,698
Manufacturing - 1.61%
Acuity Brands, Inc.	12,493		536,574
American Railcar Industries, Inc. (a)	3,088		62,779
AptarGroup, Inc.	19,956		776,887
Barnes Group, Inc.	13,238		303,812
Blout International, Inc. *	11,357		140,486
Ceradyne, Inc. *	7,908		252,740
ESCO Technologies, Inc. * (a)	7,600		301,872
Force Protection, Inc. * (a)	20,332		40,867
Freightcar America, Inc.	3,614		123,960
GenTek, Inc. *	2,522		75,862
Hardinge, Inc.	3,425		47,128
Hexcel Corp. *	27,407		523,748
Insteel Industries, Inc.	5,237		60,906
iRobot Corp. * (a)	4,679		80,058
Kaydon Corp. (a)	8,122		356,637
Koppers Holdings, Inc.	5,064		224,386
Lancaster Colony Corp.	6,423		256,663
Mine Safety Appliances Company (a)	8,017		330,220
Nordson Corp.	9,788		527,084
Park-Ohio Holdings Corp. *	2,290		35,976
Polypore International, Inc. *	4,566		94,471
Raven Industries, Inc. (a)	4,659		141,168
Reddy Ice Holdings, Inc.	6,270		81,698
Smith & Wesson Holding Corp. * (a)	9,272		46,545

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

303

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Manufacturing (continued)
Spartan Motors, Inc. (a)	9,627	$	81,444
Sturm Ruger & Company, Inc. *	7,024		57,878
TriMas Corp. *	4,681		24,669
			5,586,518
Medical Products - 0.01%
Trans1, Inc. * (a)	2,152		25,071
Medical-Hospitals - 0.45%
AmSurg Corp. *	8,757		207,366
Centene Corp. *	12,622		175,951
Cepheid, Inc. *	16,088		392,386
EV3, Inc. * (a)	13,945		113,512
Genoptix, Inc. *	1,716		42,917
Hythiam, Inc. * (a)	12,991		15,719
MedCath Corp. *	3,087		56,183
MWI Veterinary Supply, Inc. *	2,425		85,506
NxStage Medical, Inc. * (a)	6,109		26,391
RehabCare Group, Inc. *	5,000		75,000
Sunrise Senior Living, Inc. *	12,922		287,902
Vital Images, Inc. * (a)	5,245		77,731
			1,556,564
Metal & Metal Products - 1.22%
A. M. Castle & Company	4,245		114,615
Ampco-Pittsburgh Corp.	2,195		94,363
Brush Engineered Materials, Inc. *	5,990		153,763
Dynamic Materials Corp.	3,531		152,539
Gibraltar Industries, Inc.	7,808		91,588
Haynes International, Inc. * (a)	3,431		188,293
Kaiser Aluminum Corp.	4,231		293,208
L.B. Foster Company *	3,134		134,950
Ladish Company, Inc. *	4,201		151,236
Lawson Products, Inc.	1,409		38,818
Matthews International Corp., Class A	9,102		439,172
Mueller Industries, Inc.	10,812		311,926
Mueller Water Products, Inc. (a)	33,971		277,883
Quanex Corp.	10,750		556,205
RBC Bearings, Inc. *	6,168		229,018
RTI International Metals, Inc. *	6,737		304,580
Sims Group, Ltd. *	15,227		419,047
Sun Hydraulics, Inc. (a)	3,295		96,445
Universal Stainless & Alloy Products, Inc. *	2,016		59,895
USEC, Inc. *	31,627		117,020
			4,224,564
Mining - 0.75%
AMCOL International Corp. (a)	7,556		235,974
Apex Silver Mines, Ltd. * (a)	17,123		207,531
Coeur d'Alene Mines Corp. *	133,962		541,207
Compass Minerals International, Inc.	9,247		545,388
General Moly, Inc. * (a)	14,461		115,543
Hecla Mining Company * (a)	34,889		389,361
Royal Gold, Inc. (a)	7,302		220,301
Stillwater Mining Company *	13,000		201,110
U.S. Gold Corp. *	16,973		43,111
Uranium Resources, Inc. * (a)	15,325		91,797
			2,591,323

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Mobile Homes - 0.09%
Fleetwood Enterprises, Inc. * (a)	20,154	$	92,709
Skyline Corp. (a)	2,067		57,504
Winnebago Industries, Inc. (a)	8,756		147,976
			298,189
Mutual Funds - 0.02%
Kayne Anderson Energy Development Fund * (a)	2,987		74,376
Newspapers - 0.06%
AH Belo Corp. *	4,974		56,853
Lee Enterprises, Inc. (a)	13,756		137,697
			194,550
Office Furnishings & Supplies - 0.42%
Acco Brands Corp. *	16,117		218,708
Herman Miller, Inc.	18,484		454,152
IKON Office Solutions, Inc.	29,124		221,342
Knoll, Inc.	14,503		167,365
The Standard Register Company	5,485		42,728
United Stationers, Inc. *	7,154		341,246
			1,445,541
Oil & Gas Drilling - 0.02%
Rex Energy Corp. *	3,321		55,261
Paper - 0.46%
AbitibiBowater, Inc. *	16,124		208,161
Buckeye Technologies, Inc. *	11,155		124,490
Chesapeake Corp.	7,335		35,281
Mercer International, Inc. *	9,716		67,721
Neenah Paper, Inc. (a)	4,158		107,193
P.H. Glatfelter Company	13,001		196,445
Potlatch Corp.	11,096		457,932
Rock-Tenn Company, Class A	9,562		286,573
Wausau-Mosinee Paper Corp.	13,447		111,072
Xerium Technologies, Inc.	6,644		8,571
			1,603,439
Petroleum Services - 2.45%
Atwood Oceanics, Inc. *	7,906		725,138
Basic Energy Services, Inc. *	12,106		267,300
Bronco Drilling Company, Inc. *	7,778		125,304
Complete Production Services, Inc. *	12,599		289,021
CVR Energy, Inc. *	5,899		135,854
Delek US Holdings, Inc.	3,459		43,825
Dril-Quip, Inc. *	7,680		356,890
Energy Infrastructure Acquisition Corp. * (a)	6,761		67,272
Exterran Holdings, Inc. *	17,466		1,127,256
Flotek Industries, Inc. * (a)	5,335		77,838
Grey Wolf, Inc. *	54,182		367,354
GulfMark Offshore, Inc. *	6,544		358,088
Hercules Offshore, Inc. * (a)	24,251		609,185
Hornbeck Offshore Services, Inc. *	6,667		304,482
ION Geophysical Corp. *	24,269		334,912
Newpark Resources, Inc. *	26,929		137,338
PetroHawk Energy Corp. *	49,523		998,879
Petroleum Development Corp. *	4,362		302,156
Pioneer Drilling Company *	14,649		233,359
RPC, Inc. (a)	9,799		148,847
Superior Well Services, Inc. *	4,764		104,189

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

304

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services (continued)
T-3 Energy Services, Inc. *	1,765	$	75,118
Trico Marine Services, Inc. *	3,420		133,277
W-H Energy Services, Inc. *	8,817		607,050
Willbros Group, Inc. *	10,758		329,195
World Fuel Services Corp.	8,460		237,472
			8,496,599
Pharmaceuticals - 2.26%
Affymax, Inc. * (a)	1,565		22,067
Akorn, Inc. *	16,373		77,444
Alexion Pharmaceuticals, Inc. *	10,540		625,022
Alexza Pharmaceuticals, Inc. *	6,697		46,075
Alkermes, Inc. *	29,198		346,872
Allos Therapeutics, Inc. *	12,925		78,584
Altus Pharmaceuticals, Inc. * (a)	7,174		32,642
AMAG Pharmaceuticals, Inc. *	4,897		197,986
American Oriental Bioengineering, Inc. *	15,683		127,032
Amicus Therapeutics Inc * (a)	1,899		20,319
Array BioPharma, Inc. *	14,801		103,755
Auxilium Pharmaceuticals, Inc. *	9,136		244,297
Bentley Pharmaceuticals, Inc. *	5,675		92,219
Biodel, Inc. *	1,691		18,347
BioForm Medical, Inc. *	3,726		17,140
Cadence Pharmaceuticals, Inc. *	5,343		31,791
Caraco Pharmaceutical Labs *	3,195		57,350
Celgene Corp. *	6,322		387,475
Cubist Pharmaceuticals, Inc. *	16,016		295,015
CytRx Corp. * (a)	27,947		32,139
Enzon Pharmaceuticals, Inc. * (a)	13,122		120,854
Idenix Pharmaceuticals, Inc. * (a)	8,586		43,102
Indevus Pharmaceuticals, Inc. * (a)	18,829		89,814
Isis Pharmaceuticals, Inc. * (a)	25,475		359,452
Javelin Pharmaceuticals, Inc. * (a)	13,720		38,553
Jazz Pharmaceuticals, Inc. * (a)	2,152		19,411
Ligand Pharmaceuticals, Inc., Class B *	25,915		103,660
MAP Pharmaceuticals, Inc. * (a)	2,047		28,597
Medicis Pharmaceutical Corp., Class A	16,131		317,619
Minrad International, Inc. * (a)	16,161		37,978
Nastech Pharmaceutical Company, Inc. * (a)	10,098		23,730
Noven Pharmaceuticals, Inc. * (a)	7,411		66,551
Onyx Pharmaceuticals, Inc. * (a)	15,714		456,178
OSI Pharmaceuticals, Inc. *	16,701		624,450
Par Pharmaceutical Companies, Inc. *	9,854		171,361
Penwest Pharmaceuticals Company *	8,488		22,069
PharMerica Corp. * (a)	7,981		132,245
Poniard Pharmaceuticals, Inc. *	7,662		25,668
POZEN, Inc. * (a)	7,601		78,746
Prestige Brands Holdings, Inc. *	10,084		82,487
Regeneron Pharmaceuticals, Inc. *	18,639		357,682
Rigel Pharmaceuticals, Inc. *	8,901		166,093
Salix Pharmaceuticals, Ltd. * (a)	14,129		88,730
Santarus, Inc. * (a)	17,284		44,420
Sciele Pharma, Inc. * (a)	10,280		200,460
Sirtris Pharmaceuticals, Inc. * (a)	2,087		27,110
Supergen, Inc. * (a)	16,713		41,950
Trubion Pharmaceuticals, Inc. * (a)	2,901		27,386
United Therapeutics Corp. *	5,973		517,859

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Valeant Pharmaceuticals International * (a)	27,835	$	357,123
Vanda Pharmaceuticals, Inc. * (a)	9,008		34,861
ViroPharma, Inc. * (a)	20,380		182,197
XOMA, Ltd. * (a)	39,518		102,352
			7,844,319
Photography - 0.01%
CPI Corp. (a)	1,687		29,135
Plastics - 0.04%
AEP Industries, Inc. *	1,727		52,311
Spartech Corp.	9,044		76,422
			128,733
Pollution Control - 0.03%
Fuel Tech, Inc. * (a)	5,209		106,785
Publishing - 0.54%
American Greetings Corp., Class A	16,086		298,395
Consolidated Graphics, Inc. *	2,703		151,503
Courier Corp.	3,127		78,019
Dolan Media Company *	3,438		69,138
GateHouse Media, Inc. (a)	7,269		42,451
Martha Stewart Living
Omnimedia, Inc., Class A * (a)	8,570		63,675
Media General, Inc., Class A (a)	6,711		94,088
Multi-Color Corp.	2,441		54,581
Playboy Enterprises, Inc., Class B *	7,708		64,208
PRIMEDIA, Inc. (a)	13,890		102,091
Scholastic Corp. *	8,862		268,253
Valassis Communications, Inc. *	14,200		154,070
VistaPrint, Ltd. * (a)	12,588		439,951
			1,880,423
Railroads & Equipment - 0.28%
Genesee & Wyoming, Inc., Class A *	9,144		314,554
Greenbrier Company, Inc. (a)	4,745		125,837
Wabtec Corp.	14,067		529,763
			970,154
Real Estate - 5.94%
Acadia Realty Trust, REIT	9,222		222,711
Agree Realty Corp., REIT	2,242		61,543
Alesco Financial, Inc., REIT	18,815		54,187
Alexander's, Inc., REIT *	579		205,255
Alexandria Real Estate Equities, Inc., REIT	9,116		845,236
American Campus Communities, Inc., REIT	7,845		214,639
American Financial Realty Trust, REIT	38,692		307,214
Anthracite Capital, Inc., REIT	18,788		124,001
Anworth Mortgage Asset Corp., REIT	16,127		98,859
Arbor Realty Trust, Inc., REIT	3,930		59,264
Ashford Hospitality Trust, Inc., REIT	31,175		177,074
Associated Estates Realty Corp., REIT	4,909		56,159
Avatar Holdings, Inc. *	1,691		73,711
BioMed Realty Trust, Inc., REIT	19,039		454,842
Capital Lease Funding, Inc., REIT (a)	13,439		104,421
Capital Trust, Inc., Class A, REIT (a)	3,928		105,860
CBRE Realty Finance, Inc., REIT (a)	9,711		39,135
Cedar Shopping Centers, Inc., REIT	13,143		153,510
Chimera Investment Corp.	9,753		119,962

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

305

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Corporate Office Properties Trust, REIT	11,456	$	385,036
Cousins Properties, Inc., REIT (a)	11,864		293,159
Crystal River Capital, Inc., REIT (a)	7,572		67,618
DCT Industrial Trust, Inc., REIT	49,845		496,456
Deerfield Capital Corp. (a)	17,408		24,545
DiamondRock Hospitality Company, REIT	27,444		347,715
Digital Realty Trust, Inc., REIT (a)	16,292		578,366
DuPont Fabros Technology, Inc., REIT	10,328		170,309
EastGroup Properties, Inc., REIT	6,842		317,879
Education Realty Trust, Inc., REIT	8,824		110,918
Entertainment Properties Trust, REIT	8,060		397,600
Equity Lifestyle Properties, Inc., REIT	5,848		288,716
Equity One, Inc., REIT	10,446		250,391
Extra Space Storage, Inc., REIT	18,807		304,485
FelCor Lodging Trust, Inc., REIT	18,476		222,266
First Industrial Realty Trust, Inc., REIT (a)	13,066		403,609
First Potomac Realty Trust, REIT	7,444		114,414
Franklin Street Properties Corp., REIT (a)	17,408		249,283
FX Real Estate and Entertainment, Inc. *	2,359		13,871
Getty Realty Corp., REIT	4,972		79,204
Glimcher Realty Trust, REIT	11,504		137,588
GMH Communities Trust, REIT	10,748		93,293
Gramercy Capital Corp., REIT (a)	7,007		146,657
Grubb & Ellis Company (a)	5,274		36,232
Healthcare Realty Trust, Inc., REIT	14,828		387,752
Hersha Hospitality Trust, REIT	12,161		109,814
Highwoods Properties, Inc., REIT	16,571		514,861
Hilltop Holdings, Inc. *	13,849		144,030
Home Properties, Inc., REIT (a)	9,609		461,136
Inland Real Estate Corp., REIT (a)	16,807		255,634
Investors Real Estate Trust, SBI, REIT (a)	16,692		163,248
Jer Investors Trust, Inc., REIT (a)	7,765		65,847
Kite Realty Group Trust, REIT	6,315		88,410
LaSalle Hotel Properties, REIT	11,639		334,388
Lexington Corporate Property Trust, REIT (a)	19,705		283,949
LTC Properties, Inc., REIT	6,878		176,833
Maguire Properties, Inc., REIT (a)	11,163		159,743
Medical Properties Trust, Inc., REIT (a)	14,595		165,215
Meruelo Maddux Properties, Inc. *	14,814		37,628
MFA Mortgage Investments, Inc., REIT	34,716		218,711
Mid-America Apartment Communities, Inc.,
REIT	7,400		368,816
Mission West Properties, Inc., REIT	6,137		57,995
National Health Investments, Inc., REIT	6,671		208,469
National Retail Properties, Inc., REIT	20,272		446,998
Nationwide Health Properties, Inc., REIT	25,775		869,906
Newcastle Investment Corp., REIT	12,316		101,730
NorthStar Realty Finance Corp., REIT (a)	18,158		148,351
Omega Healthcare Investors, REIT	19,607		340,378
Parkway Properties, Inc., REIT	4,675		172,788
Pennsylvania Real Estate
Investment Trust, REIT	9,339		227,778
Post Properties, Inc., REIT	12,627		487,655
PS Business Parks, Inc., REIT	4,632		240,401
RAIT Financial Trust, REIT (a)	18,862		130,902
Ramco-Gershenson Properties Trust, REIT	5,493		115,957
Realty Income Corp., REIT (a)	29,061		744,543

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
Redwood Trust, Inc., REIT (a)	7,240	$	263,174
Resource Capital Corp., REIT (a)	6,657		50,393
Saul Centers, Inc., REIT	3,127		157,100
Senior Housing Properties Trust, REIT	25,669		608,355
Sovran Self Storage, Inc., REIT (a)	6,255		267,151
Strategic Hotel Cap, Inc., REIT (a)	21,679		284,645
Stratus Properties, Inc. *	1,466		43,203
Sun Communities, Inc., REIT (a)	5,039		103,300
Sunstone Hotel Investors, Inc., REIT	18,282		292,695
Tanger Factory Outlet Centers, Inc., REIT (a)	9,026		347,230
Thomas Properties Group, Inc.	7,244		63,602
Universal Health Realty Income Trust, REIT	3,385		112,721
Urstadt Biddle Properties, Inc., REIT	6,233		98,045
U-Store-It Trust, REIT	14,317		162,212
Washington Real Estate Investment Trust,
REIT (a)	13,043		435,897
Winthrop Realty Trust, REIT (a)	14,577		60,057
			20,586,839
Retail - 0.01%
hhgregg, Inc. *	2,948		33,165
Retail Grocery - 0.38%
Ingles Markets, Inc.	3,762		92,507
Nash Finch Company (a)	3,964		134,697
PriceSmart, Inc.	3,828		106,074
Ruddick Corp.	11,988		441,878
The Great Atlantic & Pacific Tea Company,
Inc. *	7,076		185,533
United Natural Foods, Inc. * (a)	12,552		234,848
Weis Markets, Inc.	3,675		126,677
			1,322,214
Retail Trade - 2.68%
99 Cents Only Stores *	13,999		138,450
A.C. Moore Arts & Crafts, Inc. *	6,143		41,895
Aaron Rents, Inc., Class B	13,326		287,042
Aeropostale, Inc. *	19,360		524,850
Big 5 Sporting Goods Corp.	6,772		59,390
Bon-Ton Stores, Inc. (a)	3,257		17,816
Books-A-Million, Inc.	4,331		37,853
Borders Group, Inc.	17,430		102,314
Build A Bear Workshop, Inc. * (a)	4,781		43,459
Building Materials Holding Corp. (a)	9,219		40,379
Cabela's, Inc. * (a)	11,197		158,550
Cache, Inc. *	3,830		43,241
Casey's General Stores, Inc.	14,844		335,474
Cash America International, Inc.	8,700		316,680
Casual Male Retail Group, Inc. * (a)	11,101		46,624
Cato Corp., Class A	8,691		129,844
Charlotte Russe Holding, Inc. *	7,396		128,247
Charming Shoppes, Inc. * (a)	34,268		165,514
Children's Place Retail Stores, Inc. * (a)	6,677		163,987
Christopher & Banks Corp.	10,623		106,124
Citi Trends, Inc. * (a)	4,410		81,365
Collective Brands, Inc. *	19,001		230,292
Conn's, Inc. * (a)	3,573		58,276
CSS Industries, Inc.	2,101		73,451

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

306

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
DSW, Inc., Class A * (a)	4,776	$	61,849
Eddie Bauer Holdings, Inc. *	9,177		35,699
FGX International Holdings, Ltd. *	3,871		46,297
Finish Line, Inc.	13,761		65,502
First Cash Financial Services, Inc. *	7,578		78,281
Fossil, Inc. *	12,621		385,445
Fred's, Inc., Class A	11,710		120,028
FTD Group, Inc.	5,309		71,247
Gaiam, Inc., Class A * (a)	5,094		88,228
Genesco, Inc. *	6,620		152,988
Haverty Furniture Companies, Inc. (a)	6,048		64,351
Hibbett Sports, Inc. * (a)	9,278		143,252
Hot Topic, Inc. *	13,532		58,323
J. Crew Group, Inc. *	11,152		492,584
Jo-Ann Stores, Inc. *	7,492		110,357
Kenneth Cole Productions, Inc., Class A (a)	2,939		49,787
Longs Drug Stores Corp. (a)	9,388		398,614
Marinemax, Inc. * (a)	4,929		61,415
New York & Company, Inc. *	6,800		39,032
NexCen Brands, Inc. *	14,510		49,769
Pacific Sunwear of California, Inc. *	20,370		256,866
Pantry, Inc. *	6,818		143,723
PC Connection, Inc. *	2,816		22,303
Pier 1 Imports, Inc. * (a)	26,493		166,376
Regis Corp.	12,871		353,824
Rent-A-Center, Inc. *	20,504		376,248
Retail Ventures, Inc. *	8,787		42,617
School Specialty, Inc. *	5,938		187,285
Shoe Carnival, Inc. *	2,678		36,233
Sonic Automotive, Inc.	8,797		180,778
Spectrum Brands, Inc. * (a)	12,707		58,071
Stein Mart, Inc. (a)	8,443		47,450
Systemax, Inc. * (a)	2,963		35,734
Talbots, Inc.	7,040		75,891
The Buckle, Inc.	3,973		177,712
The Dress Barn, Inc. *	13,539		175,195
The Men's Wearhouse, Inc.	15,640		363,943
The Wet Seal, Inc., Class A *	26,741		90,652
Tuesday Morning Corp. *	9,332		48,340
Tween Brands, Inc. *	7,161		177,163
ValueVision Media, Inc., Class A *	9,889		54,785
Zale Corp. * (a)	12,941		255,714
Zumiez, Inc. * (a)	5,051		79,250
			9,310,318
Sanitary Services - 0.32%
Casella Waste Systems, Inc., Class A *	6,961		76,084
Darling International, Inc. *	23,390		302,901
Insituform Technologies, Inc., Class A * (a)	8,292		114,678
Waste Connections, Inc. *	19,576		601,766
			1,095,429
Semiconductors - 2.63%
Actel Corp. *	7,986		122,266
Advanced Analogic Technologies, Inc. *	11,451		64,355
Advanced Energy Industries, Inc. *	10,716		142,094
American Superconductor Corp. *	12,018		278,697

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Amkor Technology, Inc. *	30,954	$	331,208
Applied Micro Circuits Corp. *	21,320		153,078
Asyst Technologies, Inc. *	16,120		56,420
ATMI, Inc. *	9,963		277,270
AuthenTec, Inc. *	2,559		25,436
Axcelis Technologies, Inc. *	30,359		170,010
Brooks Automation, Inc. *	20,733		201,525
Cabot Microelectronics Corp. *	6,881		221,224
Cavium Networks, Inc. *	2,152		35,293
Cirrus Logic, Inc. *	26,610		178,819
Cymer, Inc. *	9,212		239,880
Diodes, Inc. *	8,552		187,802
DSP Group, Inc. *	9,837		125,323
Emulex Corp. *	25,151		408,452
Entegris, Inc. *	33,900		243,741
Exar Corp. *	13,182		108,488
FormFactor, Inc. *	13,915		265,776
Hittite Microwave Corp. *	4,636		173,479
IXYS Corp. * (a)	7,899		53,950
Kulicke & Soffa Industries, Inc. * (a)	16,155		77,221
Lattice Semiconductor Corp. *	35,921		102,016
LTX Corp. *	20,676		64,923
Mattson Technology, Inc. *	15,795		96,192
Micrel, Inc.	16,690		154,716
Microsemi Corp. * (a)	22,193		506,000
Microtune, Inc. *	16,413		60,072
MIPS Technologies, Inc., Class A * (a)	13,785		54,589
MKS Instruments, Inc. *	14,855		317,897
Monolithic Power Systems, Inc. *	6,873		121,171
Netlogic Microsystems, Inc. * (a)	4,829		116,572
OmniVision Technologies, Inc. * (a)	16,029		269,608
ON Semiconductor Corp. *	93,810		532,841
Pericom Semiconductor Corp. *	7,653		112,346
Photronics, Inc. *	12,420		118,611
PLX Technology, Inc. *	9,014		60,123
PMC-Sierra, Inc. * (a)	62,992		359,054
Rubicon Technology, Inc. * (a)	2,018		58,482
Rudolph Technologies, Inc. *	8,907		87,021
Semitool, Inc. * (a)	7,159		59,563
Semtech Corp. *	18,214		261,007
Silicon Image, Inc. *	26,658		133,557
Skyworks Solutions, Inc. *	46,646		339,583
Spansion, Inc. * (a)	29,758		81,834
Techwell, Inc. *	4,713		51,089
Tessera Technologies, Inc. *	13,955		290,264
Triquint Semiconductor, Inc. *	41,024		207,581
Ultra Clean Holdings, Inc. *	5,482		53,724
Ultratech, Inc. *	7,152		68,731
Veeco Instruments, Inc. * (a)	9,293		154,543
Volterra Semiconductor Corp. * (a)	6,647		75,310
			9,110,827
Software - 3.41%
ACI Worldwide, Inc. *	11,080		220,714
Actuate Corp. *	17,977		73,706
Advent Software, Inc. *	5,007		213,398
Allscripts Healthcare Solution, Inc. * (a)	16,334		168,567

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

307

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software (continued)
American Reprographics Company *	8,891	$	131,942
Ansoft Corp. *	4,983		152,081
ANSYS, Inc. *	22,419		773,904
AsiaInfo Holdings, Inc. *	9,612		104,386
Aspen Technology, Inc. *	25,910		330,352
Avid Technology, Inc. * (a)	12,203		297,021
Blackbaud, Inc.	12,734		309,182
Blackboard, Inc. *	8,193		273,073
BladeLogic, Inc. *	1,904		53,407
Borland Software Corp. *	23,974		48,427
Bottomline Technologies, Inc. *	6,557		82,618
CIBER, Inc. *	16,544		81,066
Commvault Systems, Inc. *	10,447		129,543
Concur Technologies, Inc. *	12,390		384,709
Deltek, Inc. *	2,860		37,123
DivX, Inc. *	7,071		49,497
Double-Take Software, Inc. *	2,525		29,492
Eclipsys Corp. *	13,222		259,283
Epicor Software Corp. *	17,139		191,957
EPIQ Systems, Inc. *	9,018		139,959
FARO Technologies, Inc. *	4,958		154,590
i2 Technologies, Inc. *	4,998		56,277
Igate Corp. *	6,777		48,252
InfoUSA, Inc.	9,881		60,373
Innerworkings, Inc. * (a)	6,996		98,154
Interactive Intelligence, Inc. *	3,974		46,774
iPass, Inc. * (a)	16,747		50,576
JDA Software Group, Inc. *	7,511		137,076
Lawson Software, Inc. *	35,923		270,500
Macrovision Corp. *	15,603		210,640
Magma Design Automation, Inc. *	12,250		117,233
Manhattan Associates, Inc. *	7,523		172,502
ManTech International Corp. *	5,645		256,057
MicroStrategy, Inc., Class A *	2,799		207,098
Midway Games, Inc. * (a)	10,678		28,831
Monotype Imaging Holdings, Inc. *	3,506		52,976
MSC Software Corp. *	13,021		169,143
Nuance Communications, Inc. *	43,737		761,461
Omnicell, Inc. *	9,865		198,287
Omniture, Inc. * (a)	12,802		297,134
Packeteer, Inc. *	11,849		60,311
PDF Solutions, Inc. *	7,131		39,292
Pegasystems, Inc.	4,282		41,236
Progress Software Corp. *	11,705		350,214
PROS Holdings, Inc. *	2,547		31,965
QAD, Inc.	4,585		38,560
Quality Systems, Inc.	4,971		148,484
Secure Computing Corp. *	13,929		89,842
Smith Micro Software, Inc. * (a)	9,016		55,178
Solera Holdings, Inc. *	7,797		189,935
SPSS, Inc. *	5,376		208,481
Sybase, Inc. *	26,375		693,663
Synchronoss Technologies, Inc. * (a)	5,340		106,960
Take-Two Interactive Software, Inc. * (a)	21,321		544,112
Taleo Corp. *	4,978		96,573
THQ, Inc. *	19,463		424,293

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software (continued)
Tradestation Group, Inc. *	8,696	$	74,090
TriZetto Group, Inc. *	13,391		223,496
Ultimate Software Group, Inc. *	7,168		215,470
Unica Corp. *	3,467		23,576
Websense, Inc. *	13,221		247,894
			11,832,966
Steel - 0.31%
Esmark, Inc. * (a)	4,195		47,404
Northwest Pipe Company *	2,655		112,811
Olympic Steel, Inc.	2,592		116,899
Schnitzer Steel Industries, Inc.	6,364		451,971
Worthington Industries, Inc. (a)	20,264		341,854
			1,070,939
Telecom Services - 0.01%
Neutral Tandem, Inc. *	2,210		39,802
Telecommunications Equipment &
Services - 1.92%
ADTRAN, Inc.	17,108		316,498
Alaska Communications Systems Group, Inc.	12,560		153,734
Arris Group, Inc. *	39,159		227,905
Atheros Communications, Inc. *	16,120		335,941
Comtech Telecommunications Corp. *	6,724		262,236
Consolidated Communications Holdings, Inc. (a)	6,908		104,518
Ditech Networks, Inc. *	8,976		26,390
Fairpoint Communications, Inc.	10,590		95,522
General Communication, Inc., Class A *	16,595		101,893
GeoEye, Inc. *	5,270		136,967
Global Crossing, Ltd. * (a)	10,688		162,030
Globalstar, Inc. * (a)	6,920		50,447
Harmonic, Inc. *	27,390		208,164
Harris Stratex Networks, Inc., Class A *	7,544		75,666
Hughes Communications, Inc. *	2,054		104,097
iBasis, Inc. *	10,094		41,385
ICO Global Communications Holdings, Ltd. *	32,351		99,965
Infinera Corp. *	5,267		63,204
InterDigital, Inc. *	13,872		274,804
Iowa Telecommunications Services, Inc. (a)	9,307		165,013
J2 Global Communications, Inc. *	14,291		318,975
Loral Space & Communications, Inc. *	3,608		86,015
Mastec, Inc. *	12,730		104,513
Network Equipment Technologies, Inc. * (a)	8,121		53,355
Nextwave Wireless, Inc. *	10,512		53,086
NTELOS Holdings Corp.	8,155		197,351
Oplink Communications, Inc. *	6,686		59,305
OpNext, Inc. * (a)	6,252		34,073
Optium Corp. * (a)	4,539		31,909
Orbcomm, Inc. * (a)	8,188		40,613
PAETEC Holding Corp. *	22,244		148,145
Plantronics, Inc.	14,055		271,402
Polycom, Inc. *	26,758		603,125
Powerwave Technologies, Inc. * (a)	40,386		102,984
Premiere Global Services, Inc. *	18,002		258,149
RCN Corp. * (a)	9,390		104,980
SAVVIS, Inc. *	8,159		132,747
Shenandoah Telecommunications Company (a)	6,863		101,847

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

308

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services (continued)
Sonus Networks, Inc. * (a)	78,273	$	269,259
Starent Networks Corp. * (a)	4,003		54,041
SureWest Communications (a)	4,626		71,518
Symmetricom, Inc. *	14,875		51,914
Tekelec, Inc. *	18,047		224,685
UTStarcom, Inc. * (a)	34,668		98,457
Viasat, Inc. *	7,026		152,605
Virgin Mobile USA, Inc. * (a)	8,407		17,066
			6,648,498
Telephone - 0.18%
Atlantic Tele-Network, Inc.	2,747		92,931
Cbeyond Communications, Inc. *	6,055		113,773
Centennial Communications Corp., Class A *	8,103		47,889
Cincinnati Bell, Inc. *	74,275		316,412
IDT Corp. (a)	14,681		56,815
			627,820
Tires & Rubber - 0.11%
Cooper Tire & Rubber Company	17,950		268,712
Myers Indiana, Inc.	8,419		110,541
			379,253
Tobacco - 0.27%
Alliance One International, Inc. *	29,167		176,169
Schweitzer Mauduit International, Inc.	4,596		106,351
Universal Corp.	7,787		510,282
Vector Group, Ltd. (a)	9,012		158,521
			951,323
Toys, Amusements & Sporting Goods - 0.20%
Jakks Pacific, Inc. *	8,136		224,309
Marvel Entertainment, Inc. *	14,482		387,973
Russ Berrie & Company, Inc. *	4,982		70,047
			682,329
Transportation - 0.98%
American Commercial Lines, Inc. *	14,693		232,149
Arlington Tankers, Ltd. (a)	3,894		81,774
Atlas Air Worldwide Holdings, Inc. *	3,744		205,920
Bristow Group, Inc. *	5,775		309,944
Double Hull Tankers, Inc.	6,307		66,917
Dynamex, Inc. *	3,083		78,000
Eagle Bulk Shipping, Inc. (a)	13,480		347,245
Genco Shipping & Trading, Ltd. (a)	5,769		325,545
General Maritime Corp. (a)	8,115		191,595
Golar LNG, Ltd. (a)	10,203		186,409
Horizon Lines, Inc. (a)	9,961		185,374
Knightsbridge Tankers, Ltd.	4,899		130,705
Marten Transport, Ltd. *	4,729		73,394
Nordic American Tanker Shipping, Ltd. (a)	8,591		240,548
Pacer International, Inc.	10,385		170,626
PHI, Inc. *	4,116		129,819
Saia, Inc. *	4,175		66,216
Ship Finance International, Ltd. (a)	8,804		231,369
TBS International, Ltd. *	1,430		43,186
Ultrapetrol Bahamas, Ltd. *	4,376		44,810

Small Cap Index Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Transportation (continued)
Universal Truckload Services, Inc. *		1,979	$	41,302
				3,382,847
Travel Services - 0.03%
Ambassadors Group, Inc.		4,827		91,182
Trucking & Freight - 0.60%
Arkansas Best Corp.		6,618		210,850
Celadon Group, Inc. *		7,281		70,480
Forward Air Corp. (a)		8,760		310,454
Heartland Express, Inc. (a)		16,878		240,680
Hub Group, Inc., Class A *		11,297		371,558
Knight Transportation, Inc. (a)		16,789		276,347
Old Dominion Freight Lines, Inc. *		8,643		275,107
Wabash National Corp. (a)		9,353		84,084
Werner Enterprises, Inc.		13,436		249,372
				2,088,932
Utility Service - 0.08%
Consolidated Water Company, Ltd. (a)		4,421		97,394
ENGlobal Corp. * (a)		5,143		43,973
SJW Corp. (a)		4,641		132,686
				274,053
TOTAL COMMON STOCKS (Cost $335,544,799)			$	328,370,344
RIGHTS - 0.00%
Financial Services - 0.00%
Ares Capital Corp. (Expiration Date 04/21/08) *		6,607		3,700
Centerline Holding Company (Expiration Date
04/04/08, Strike Price $11.70) *		15,420		0
MCG Capital Corp. (Expiration Date 04/18/08) *		2,598		2,780
				6,480
Real Estate - 0.00%
FX Real Estate and Entertainment, Inc.
(Expiration Date 04/18/08, Strike Price
$10.00) *		1,179		94
TOTAL RIGHTS (Cost $0)			$	6,574
SHORT TERM INVESTMENTS - 27.92%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	79,945,892	$	79,945,892
Lloyds Bank PLC
2.70% due 04/01/2008		16,862,000		16,862,000
TOTAL SHORT TERM INVESTMENTS
(Cost $96,807,892)			$	96,807,892
Total Investments (Small Cap Index Trust)
(Cost $432,352,691) - 122.64%			$	425,184,810
Liabilities in Excess of Other Assets - (22.64)%				(78,503,301)
TOTAL NET ASSETS - 100.00%			$	346,681,509

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

309

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Intrinsic Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 100.24%
Boise, Inc. *	168,471	$	1,078,214
Brazil Ethanol, Inc. *	37,138		334,242
Gammon Gold, Inc. *	249,101		1,870,749
Shermen WSC Acquisition Corp *	62,377		349,935
Air Travel - 2.62%
Continental Airlines, Inc., Class B *	78,383		1,507,305
Pinnacle Airline Corp. *	180,351		1,574,464
			3,081,769
Apparel & Textiles - 1.23%
Prime Success International Group, Ltd.	2,676,785		1,444,361
Automobiles - 1.91%
Group 1 Automotive, Inc.	95,647		2,245,792
Banking - 1.78%
Brookline Bancorp, Inc.	40,000		459,200
Northeast Community Bancorp, Inc.	138,000		1,632,540
			2,091,740
Business Services - 0.16%
DG Fastchannel, Inc. *	10,000		191,800
Chemicals - 0.61%
Omnova Solutions, Inc. *	180,683		720,925
Coal - 1.86%
Massey Energy Company	60,000		2,190,000
Commercial Services - 9.32%
Agrenco, Ltd. *	1,267,342		3,791,842
Great Lakes Dredge & Dock Company	20,000		103,400
Wright Express Corp. *	230,584		7,085,846
			10,981,088
Computers & Business Equipment - 3.25%
Brocade Communications Systems, Inc. *	385,736		2,815,873
Sonic Solutions *	104,500		1,008,425
			3,824,298
Cosmetics & Toiletries - 1.63%
Nu Skin Enterprises, Inc., Class A	106,300		1,915,526
Crude Petroleum & Natural Gas - 7.37%
Plains Exploration & Production Company *	93,000		4,942,020
TXCO Resources, Inc. *	270,000		3,342,600
Western Refining, Inc.	29,534		397,823
			8,682,443
Domestic Oil - 3.55%
Warren Resources, Inc. *	352,340		4,182,276
Energy - 1.26%
Synenco Energy, Inc. *	210,277		1,485,224
Financial Services - 0.76%
Pinetree Capital, Ltd. *	295,275		900,395
Food & Beverages - 10.69%
Corn Products International, Inc.	20,113		746,997
Diamond Foods, Inc.	256,021		4,644,221
Sadia SA, SADR	127,369		2,265,894
Seaboard Corp.	3,149		4,928,185
			12,585,297

Small Cap Intrinsic Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Gas & Pipeline Utilities - 0.01%
Southern Union Company	300	$	6,981
Healthcare Services - 0.51%
Anesiva, Inc. *	189,800		603,564
Holdings Companies/Conglomerates - 2.77%
Global Brands Acquisition Corp. *	100,000		970,000
PICO Holdings, Inc. *	75,650		2,286,899
			3,256,899
Insurance - 2.77%
eHealth, Inc. *	1,500		33,105
Zenith National Insurance Corp.	90,000		3,227,400
			3,260,505
Internet Content - 5.10%
The Knot, Inc. *	510,955		6,003,721
Internet Software - 3.71%
RealNetworks, Inc. *	763,616		4,375,520
Medical-Hospitals - 0.73%
NMT Medical, Inc. *	220,345		854,939
Metal & Metal Products - 6.45%
Anvil Mining, Ltd. *	119,374		1,436,279
FNX Mining Company, Inc. *	219,644		6,164,883
			7,601,162
Mining - 1.16%
Apex Silver Mines, Ltd. *	71,730		869,368
Fortune Minerals, Ltd. *	328,380		499,072
			1,368,440
Pharmaceuticals - 3.46%
American Oriental Bioengineering, Inc. *	390,379		3,162,070
Novabay Pharmaceuticals, Inc. *	160,556		361,251
Vanda Pharmaceuticals, Inc. *	143,062		553,650
			4,076,971
Precious Metals - 1.47%
Minefinders, Corp. *	140,650		1,727,182
Retail - 0.24%
Joe's Jeans, Inc. *	250,000		285,000
Retail Trade - 3.81%
Carrols Restaurant Group, Inc. *	483,000		4,313,190
NexCen Brands, Inc. *	50,000		171,500
			4,484,690
Semiconductors - 0.61%
Kopin Corp. *	271,176		721,328
Software - 4.47%
Descartes Systems Group, Inc. *	535,869		1,868,977
RADVision, Ltd. *	92,105		607,893
Tradestation Group, Inc. *	327,850		2,793,282
			5,270,152
Telecommunications Equipment &
Services - 1.72%
MRV Communications, Inc. *	1,477,631		2,024,354
Transportation - 10.17%
Alexander & Baldwin, Inc.	84,300		3,631,644

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

310

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Intrinsic Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Transportation (continued)
Diana Shipping, Inc.	190,643	$	5,017,724
OceanFreight, Inc.	152,106		3,329,600
			11,978,968
TOTAL COMMON STOCKS (Cost $146,671,546)		$	118,056,450
WARRANTS - 0.29%
Aldabra 2 Acquisition Corp.
(Expiration Date 06/18/2011, Strike
Price USD 7.50) *	165,233		183,409
Shermen WSC Acquisition Corp
(Expiration Date 05/24/2011, Strike
Price USD 5.00) *	1,032,754		134,258
Mining - 0.02%
Fortune Minerals, Ltd.
(Expiration Date 07/26/2009, Strike
Price CAD 3.75) *	164,190		23,194
TOTAL WARRANTS (Cost $633,594)		$	340,861
Total Investments (Small Cap Intrinsic Value Trust)
(Cost $147,305,140) - 100.53%			118,397,311
Liabilities in Excess of Other Assets - (0.53)%		$	(620,254)
TOTAL NET ASSETS - 100.00%		$	117,777,057
Small Cap Opportunities Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.03%
Air Travel - 0.55%
Republic Airways Holdings, Inc. *	68,700	$	1,488,042
Aluminum - 1.01%
Century Aluminum Company *	41,442		2,745,118
Apparel & Textiles - 3.79%
Deckers Outdoor Corp. *	12,000		1,293,840
Interface, Inc., Class A	217,800		3,060,090
Wolverine World Wide, Inc.	206,686		5,995,961
			10,349,891
Auto Parts - 0.45%
Noble International, Ltd.	197,498		1,234,363
Automobiles - 3.34%
Penske Auto Group, Inc.	254,946		4,961,249
Rush Enterprises, Inc., Class A *	34,008		538,687
Rush Enterprises, Inc., Class B *	246,114		3,612,953
			9,112,889
Banking - 5.63%
Bank of the Ozarks, Inc. (a)	116,280		2,779,092
Columbia Banking System, Inc.	90,400		2,023,152
First Midwest BanCorp, Inc., Illinois (a)	77,900		2,163,283
Glacier Bancorp, Inc. (a)	125,600		2,407,752
Silver State Bancorp *	109,320		942,338
SVB Financial Group *	54,200		2,365,288
UCBH Holdings, Inc. (a)	105,600		819,456

Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Virginia Commerce Bancorp, Inc. * (a)	161,400	$	1,852,872
			15,353,233
Biotechnology - 1.04%
Techne Corp. *	42,300		2,849,328
Building Materials & Construction - 0.84%
Drew Industries, Inc. *	93,606		2,289,603
Computers & Business Equipment - 2.47%
Digi International, Inc. *	233,784		2,697,867
NETGEAR, Inc. *	202,452		4,038,918
			6,736,785
Construction & Mining Equipment - 0.81%
Pason Systems, Inc.	150,028		2,207,046
Crude Petroleum & Natural Gas - 1.71%
Carrizo Oil & Gas, Inc. *	78,500		4,652,695
Domestic Oil - 2.71%
Mariner Energy, Inc. *	126,900		3,427,569
Oil States International, Inc. *	88,634		3,971,690
			7,399,259
Drugs & Health Care - 2.83%
Qiagen NV * (a)	89,600		1,863,680
West Pharmaceutical Services, Inc.	132,500		5,860,475
			7,724,155
Electrical Equipment - 3.79%
Anixter International, Inc. *	77,200		4,943,888
General Cable Corp. *	91,500		5,404,905
			10,348,793
Electrical Utilities - 0.97%
ITC Holdings Corp.	51,100		2,660,266
Electronics - 0.82%
TTM Technologies, Inc. *	197,568		2,236,470
Energy - 0.92%
New Jersey Resources Corp.	80,482		2,498,966
Financial Services - 3.74%
Affiliated Managers Group, Inc. * (a)	59,580		5,406,289
Delphi Financial Group, Inc.	78,600		2,297,478
FBR Capital Markets Corp. * (a)	36,400		245,700
World Acceptance Corp. * (a)	70,400		2,242,240
			10,191,707
Food & Beverages - 2.04%
Flowers Foods, Inc.	224,800		5,563,800
Gas & Pipeline Utilities - 1.64%
South Jersey Industries, Inc.	127,400		4,473,014
Household Products - 0.94%
Tempur-Pedic International, Inc. (a)	232,252		2,554,772
Industrial Machinery - 3.06%
Actuant Corp., Class A	141,136		4,263,718
Middleby Corp. * (a)	43,828		2,734,429
Tennant Company	33,900		1,349,559
			8,347,706

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

311

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance - 4.88%
Aspen Insurance Holdings, Ltd.	130,590	$	3,444,964
Max Re Capital, Ltd.	98,500		2,579,715
Meadowbrook Insurance Group, Inc.	345,435		2,697,848
Tower Group, Inc.	101,800		2,562,306
Zenith National Insurance Corp.	56,800		2,036,848
			13,321,681
Internet Software - 1.06%
DealerTrack Holdings, Inc. *	67,800		1,370,916
Digital River, Inc. *	49,400		1,529,918
			2,900,834
Investment Companies - 2.14%
KKR Financial Holdings LLC (a)	460,371		5,828,297
Leisure Time - 1.08%
Penn National Gaming, Inc. *	67,451		2,949,632
Manufacturing - 7.32%
Carlisle Companies, Inc.	118,740		3,970,666
Ceradyne, Inc. *	128,663		4,112,070
Kaydon Corp.	31,500		1,383,165
Koppers Holdings, Inc.	130,500		5,782,455
Spartan Motors, Inc. (a)	556,264		4,705,993
			19,954,349
Medical-Hospitals - 0.29%
VCA Antech, Inc. *	29,232		799,495
Metal & Metal Products - 5.51%
A. M. Castle & Company	113,000		3,051,000
Haynes International, Inc. *	34,900		1,915,312
Horsehead Holding Corp. * (a)	179,200		2,075,136
Quanex Corp.	53,000		2,742,220
RBC Bearings, Inc. *	78,700		2,922,131
Reliance Steel & Aluminum Company	38,816		2,323,526
			15,029,325
Mining - 1.03%
AMCOL International Corp.	89,865		2,806,484
Petroleum Services - 1.41%
Core Laboratories N.V. *	32,234		3,845,516
Real Estate - 15.56%
Anthracite Capital, Inc., REIT (a)	239,044		1,577,690
Ashford Hospitality Trust, Inc., REIT	505,286		2,870,024
BioMed Realty Trust, Inc., REIT	76,400		1,825,196
Capstead Mortage Corp., REIT (a)	279,400		3,185,160
Corporate Office Properties Trust, REIT	174,103		5,851,602
DuPont Fabros Technology, Inc., REIT	213,200		3,515,668
Equity One, Inc., REIT	148,382		3,556,717
FBR Capital Markets Corp., REIT * (g)	162,200		1,094,850
Gramercy Capital Corp., REIT (a)	255,296		5,343,345
Jer Investors Trust, Inc., REIT (a)	392,777		3,330,749
LaSalle Hotel Properties, REIT	69,220		1,988,691
Newcastle Investment Corp., REIT (a)	206,270		1,703,790
NorthStar Realty Finance Corp., REIT (a)	414,100		3,383,197
RAIT Financial Trust, REIT (a)	462,915		3,212,630
			42,439,309

Small Cap Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Retail Grocery - 1.36%
Ruddick Corp.		100,729	$	3,712,871
Retail Trade - 2.33%
Cash America International, Inc.		69,900		2,544,360
First Cash Financial Services, Inc. *		31,671		327,161
Hibbett Sports, Inc. *		73,500		1,134,840
Sonic Automotive, Inc.		115,000		2,363,250
				6,369,611
Semiconductors - 3.13%
Diodes, Inc. *		295,154		6,481,582
Silicon Motion Technology Corp., ADR * (a)		145,000		2,047,400
				8,528,982
Telecommunications Equipment &
Services - 3.47%
Comtech Telecommunications Corp. *		87,200		3,400,800
DataPath, Inc. * (g)		186,600		559,800
J2 Global Communications, Inc. *		179,900		4,015,368
NeuStar, Inc., Class A *		56,000		1,482,880
				9,458,848
Trucking & Freight - 3.36%
Landstar Systems, Inc.		32,487		1,694,522
Old Dominion Freight Lines, Inc. *		81,470		2,593,190
Oshkosh Truck Corp.		134,266		4,871,171
				9,158,883
TOTAL COMMON STOCKS (Cost $290,687,024)			$	270,122,018
SHORT TERM INVESTMENTS - 19.18%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	52,327,496	$	52,327,496
TOTAL SHORT TERM INVESTMENTS
(Cost $52,327,496)			$	52,327,496
REPURCHASE AGREEMENTS - 0.16%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$426,019 on 04/01/2008,
collateralized by $435,000 Federal
Home Loan Mortgage Corp.,
5.51% due 01/23/2023 (valued at
$437,279, including interest)	$	426,000	$	426,000
TOTAL REPURCHASE AGREEMENTS
(Cost $426,000)			$	426,000
Total Investments (Small Cap Opportunities Trust)
(Cost $343,440,520) - 118.37%			$	322,875,514
Liabilities in Excess of Other Assets - (18.37)%				(50,114,041)
TOTAL NET ASSETS - 100.00%			$	272,761,473

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

312

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.79%
Air Travel - 1.03%
Airtran Holdings, Inc. *	588,200	$	3,882,120
Apparel & Textiles - 3.97%
Stage Stores, Inc.	557,349		9,029,054
Unifirst Corp.	160,400		5,949,236
			14,978,290
Auto Parts - 1.93%
Modine Manufacturing Company	380,200		5,509,098
O'Reilly Automotive, Inc. *	62,200		1,773,944
			7,283,042
Banking - 4.85%
First Midwest BanCorp, Inc., Illinois (a)	98,600		2,738,122
International Bancshares Corp.	215,510		4,866,216
MB Financial, Inc. (a)	118,500		3,647,430
NewAlliance Bancshares, Inc.	169,800		2,081,748
Webster Financial Corp.	16,000		445,920
WestAmerica Bancorp (a)	86,100		4,528,860
			18,308,296
Biotechnology - 0.11%
Charles River Laboratories International, Inc. *	6,900		406,686
Building Materials & Construction - 0.60%
Sterling Construction Company, Inc. *	123,767		2,255,035
Business Services - 4.17%
Arbitron, Inc.	127,200		5,489,952
Bowne & Company, Inc.	322,200		4,913,550
MAXIMUS, Inc.	146,000		5,359,660
			15,763,162
Chemicals - 0.93%
Zep, Inc.	217,450		3,527,039
Computers & Business Equipment - 2.05%
Diebold, Inc.	11,900		446,845
Electronics for Imaging, Inc. *	218,400		3,258,528
Xyratex, Ltd. *	226,000		4,054,440
			7,759,813
Construction Materials - 1.04%
Simpson Manufacturing Company, Inc. (a)	145,000		3,941,100
Cosmetics & Toiletries - 1.12%
Helen of Troy, Ltd. *	251,500		4,217,655
Crude Petroleum & Natural Gas - 6.49%
Penn Virginia Corp.	240,700		10,612,463
Plains Exploration & Production Company *	19,000		1,009,660
Whiting Petroleum Corp. *	199,300		12,884,745
			24,506,868
Domestic Oil - 0.23%
St. Mary Land & Exploration Company	22,600		870,100
Electrical Utilities - 1.22%
Westar Energy, Inc.	202,300		4,606,371
Electronics - 3.29%
Belden, Inc.	237,649		8,393,763
Nam Tai Electronics, Inc.	422,000		4,051,200
			12,444,963

Small Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy - 0.87%
New Jersey Resources Corp.	105,446	$	3,274,098
Financial Services - 6.29%
Ares Capital Corp.	354,700		4,458,579
Asset Acceptance Capital Corp. * (a)	368,300		3,546,729
Asta Funding, Inc.	162,800		2,267,804
Credit Acceptance Corp. * (a)	162,900		2,529,837
Delphi Financial Group, Inc.	210,150		6,142,684
Financial Federal Corp.	194,353		4,238,839
GATX Corp.	15,000		586,050
			23,770,522
Food & Beverages - 1.39%
Hormel Foods Corp.	21,700		904,022
Lance, Inc.	222,000		4,351,200
			5,255,222
Forest Products - 1.32%
Deltic Timber Corp.	89,600		4,990,720
Gas & Pipeline Utilities - 1.11%
Atmos Energy Corp.	125,200		3,192,600
UGI Corp.	22,900		570,668
WGL Holdings, Inc.	13,200		423,192
			4,186,460
Healthcare Products - 3.18%
Herbalife, Ltd.	151,600		7,201,000
Orthofix International NV *	120,800		4,804,216
			12,005,216
Healthcare Services - 1.15%
CorVel Corp. *	142,378		4,355,343
Hotels & Restaurants - 2.23%
CEC Entertainment, Inc. *	191,750		5,537,740
Sonic Corp. *	131,600		2,900,464
			8,438,204
Household Products - 0.96%
Tempur-Pedic International, Inc. (a)	328,500		3,613,500
Industrial Machinery - 1.63%
Albany International Corp., Class A	120,834		4,366,941
Flowserve Corp.	2,900		302,702
Graco, Inc.	20,100		728,826
Quixote Corp.	90,400		754,840
			6,153,309
Insurance - 5.83%
Assured Guaranty, Ltd.	301,000		7,145,740
IPC Holdings, Ltd.	117,400		3,287,200
Platinum Underwriters Holdings, Ltd.	172,409		5,596,396
Reinsurance Group of America, Inc.	20,600		1,121,464
Universal American Financial Corp. *	459,000		4,865,400
			22,016,200
Manufacturing - 9.13%
Acuity Brands, Inc.	168,200		7,224,190
AptarGroup, Inc.	108,338		4,217,598
Carlisle Companies, Inc.	423,600		14,165,184
Deswell Industries, Inc.	286,250		1,789,063

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

313

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Manufacturing (continued)
ESCO Technologies, Inc. * (a)	178,700	$	7,097,964
			34,493,999
Medical-Hospitals - 2.29%
AmSurg Corp. *	160,099		3,791,144
Centene Corp. *	349,000		4,865,060
			8,656,204
Metal & Metal Products - 3.64%
Matthews International Corp., Class A	108,900		5,254,425
Mueller Industries, Inc.	293,910		8,479,304
			13,733,729
Mining - 1.41%
Compass Minerals International, Inc.	90,000		5,308,200
Office Furnishings & Supplies - 2.92%
Acco Brands Corp. *	453,700		6,156,709
United Stationers, Inc. *	101,894		4,860,344
			11,017,053
Publishing - 0.96%
Valassis Communications, Inc. * (a)	335,900		3,644,515
Railroads & Equipment - 1.27%
Genesee & Wyoming, Inc., Class A *	139,925		4,813,420
Real Estate - 7.27%
Acadia Realty Trust, REIT	122,200		2,951,130
American Campus Communities, Inc., REIT	100,700		2,755,152
Pennsylvania Real Estate
Investment Trust, REIT	59,000		1,439,010
PS Business Parks, Inc., REIT	56,600		2,937,540
RAIT Financial Trust, REIT (a)	667,200		4,630,368
Realty Income Corp., REIT (a)	282,100		7,227,402
U-Store-It Trust, REIT	430,600		4,878,698
Ventas, Inc., REIT	14,400		646,704
			27,466,004
Retail Trade - 6.17%
Casey's General Stores, Inc.	354,900		8,020,740
Cato Corp., Class A	449,446		6,714,723
Hibbett Sports, Inc. * (a)	554,100		8,555,304
			23,290,767
Software - 1.17%
Websense, Inc. *	236,700		4,438,125
Telephone - 0.51%
Atlantic Tele-Network, Inc.	56,828		1,922,491
Trucking & Freight - 1.06%
Vitran Corp., Inc. *	281,000		4,009,870
TOTAL COMMON STOCKS (Cost $397,999,897)		$	365,603,711
RIGHTS - 0.02%
Financial Services - 0.02%
Ares Capital Corp. (Expiration Date 04/21/08)	117,666		65,893
TOTAL RIGHTS (Cost $0)		$	65,893

Small Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 15.33%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	57,927,483	$	57,927,483
TOTAL SHORT TERM INVESTMENTS
(Cost $57,927,483)			$	57,927,483
REPURCHASE AGREEMENTS - 3.10%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$11,711,520 on 04/01/2008,
collateralized by $11,885,000
Federal Home Loan Mortgage
Corp., 5.51% due 01/23/2023
(valued at $11,947,277, including
interest)	$	11,711,000	$	11,711,000
TOTAL REPURCHASE AGREEMENTS
(Cost $11,711,000)			$	11,711,000
Total Investments (Small Cap Value Trust)
(Cost $467,638,380) - 115.24%			$	435,308,087
Liabilities in Excess of Other Assets - (15.24)%				(57,583,502)
TOTAL NET ASSETS - 100.00%			$	377,724,585
Small Company Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.65%
Aerospace - 0.78%
Curtiss-Wright Corp.		4,990	$	206,985
Esterline Technologies Corp. *		2,044		102,956
				309,941
Agriculture - 0.39%
Fresh Del Monte Produce, Inc. *		4,278		155,719
Air Travel - 0.30%
Continental Airlines, Inc., Class B *		4,249		81,708
Republic Airways Holdings, Inc. *		1,312		28,418
SkyWest, Inc.		457		9,652
				119,778
Aluminum - 0.32%
Superior Essex, Inc. *		4,580		128,790
Apparel & Textiles - 2.87%
Jos. A. Bank Clothiers, Inc. * (a)		4,100		84,050
Maidenform Brands, Inc. *		4,111		66,886
Movado Group, Inc.		2,094		40,812
Perry Ellis International, Inc. *		3,906		85,268
The Gymboree Corp. *		14,389		573,833
The Warnaco Group, Inc. *		7,414		292,408
				1,143,257
Auto Parts - 1.24%
American Axle & Manufacturing Holdings, Inc.		893		18,307
Autoliv, Inc.		711		35,692
Lear Corp. *		7,699		199,481

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

314

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Auto Parts (continued)
TRW Automotive Holdings Corp. *	10,333	$	241,482
			494,962
Automobiles - 0.11%
Americas Car Mart, Inc. *	3,462		43,587
Banking - 4.60%
BancFirst Corp.	2,230		102,090
Bank of Hawaii Corp.	9,512		471,415
Boston Private Financial Holdings, Inc.	797		8,440
Charter Financial Corp.	498		15,886
Commerce Bancshares, Inc.	3,502		147,189
East West Bancorp, Inc.	4,204		74,621
Financial Institutions, Inc.	1,846		34,982
First Citizens Bancshares, Inc.	505		70,372
First Financial BanCorp (a)	691		9,294
First Merchants Corp.	289		8,248
First Regional Bancorp *	1,838		30,143
FirstMerit Corp.	2,064		42,642
Hancock Holding Company	203		8,530
IBERIABANK Corp.	179		7,921
Oriental Financial Group, Inc.	15,099		297,601
Preferred Bank, Los Angeles, CA	1,286		21,463
Prosperity Bancshares, Inc.	3,052		87,470
Southside Bancshares, Inc.	376		9,050
SVB Financial Group *	8,582		374,519
Temecula Valley Bancorp, Inc. (a)	1,028		9,725
Vineyard National Bancorp Company (a)	0		0
			1,831,601
Biotechnology - 2.24%
Bio-Rad Laboratories, Inc., Class A *	538		47,855
Cephalon, Inc. *	1,533		98,725
Invitrogen Corp. *	4,503		384,872
Martek Biosciences Corp. *	11,751		359,228
			890,680
Building Materials & Construction - 3.43%
Chicago Bridge & Iron Company N.V.	8,972		352,062
Drew Industries, Inc. *	1,822		44,566
EMCOR Group, Inc. *	26,394		586,211
Lennox International, Inc.	5,060		182,008
Perini Corp. *	5,462		197,888
			1,362,735
Business Services - 5.00%
Acxiom Corp.	15,265		181,196
CGI Group, Inc., Class A *	2,107		22,334
COMSYS IT Partners, Inc. *	7,886		66,716
Deluxe Corp.	1,551		29,795
EZCORP, Inc., Class A *	5,140		63,273
FactSet Research Systems, Inc.	1,183		63,728
Heidrick & Struggles International, Inc.	6,917		225,010
Hewitt Associates, Inc., Class A *	2,733		108,691
Insight Enterprises, Inc. *	9,759		170,782
MAXIMUS, Inc.	1,981		72,723
Michael Baker Corp. *	3,479		78,138
PC Mall, Inc. * (a)	8,736		92,864
ScanSource, Inc. *	3,700		133,903

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Standard Parking Corp. *	1,679	$	35,192
Watson Wyatt Worldwide, Inc., Class A	11,353		644,283
			1,988,628
Cellular Communications - 1.06%
Brightpoint, Inc. *	1,483		12,398
Syniverse Holdings, Inc. *	24,565		409,253
			421,651
Chemicals - 2.64%
Celanese Corp., Series A	11,253		439,429
CF Industries Holdings, Inc.	2,256		233,767
Terra Industries, Inc. *	10,607		376,867
			1,050,063
Coal - 0.62%
Massey Energy Company	6,736		245,864
Commercial Services - 1.38%
PeopleSupport, Inc. *	896		8,172
Shaw Group, Inc. *	11,502		542,204
			550,376
Computers & Business Equipment - 3.58%
Blue Coat Systems, Inc. *	5,833		128,559
Immersion Corp. *	25,699		182,720
Lexmark International, Inc. *	4,937		151,665
MICROS Systems, Inc. *	7,051		237,337
Plexus Corp. *	1,669		46,815
Quantum Corp. *	15,408		32,973
Radiant Systems, Inc. *	3,870		54,064
Sierra Wireless, Inc.-USD * (a)	2,886		46,032
Sigma Designs, Inc. * (a)	4,207		95,373
Standard Microsystems Corp. *	8,509		248,292
Super Micro Computer, Inc. *	860		7,181
Western Digital Corp. *	7,197		194,607
			1,425,618
Cosmetics & Toiletries - 0.06%
Helen of Troy, Ltd. *	1,456		24,417
Crude Petroleum & Natural Gas - 1.34%
Bois d'Arc Energy, Inc. *	1,929		41,454
W&T Offshore, Inc.	14,425		492,037
			533,491
Domestic Oil - 2.37%
Frontier Oil Corp.	1,075		29,305
Helix Energy Solutions Group, Inc. *	7,420		233,730
Holly Corp.	1,790		77,704
Stone Energy Corp. *	11,511		602,140
			942,879
Drugs & Health Care - 1.98%
Invacare Corp.	4,952		110,331
Molina Healthcare, Inc. * (a)	8,922		217,875
Perrigo Company	8,646		326,214
Vivus, Inc. *	21,778		131,321
			785,741
Electrical Equipment - 2.85%
Anixter International, Inc. *	1,937		124,046

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

315

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Equipment (continued)
FLIR Systems, Inc. *	7,027	$	211,442
GrafTech International, Ltd. *	31,654		513,111
Methode Electronics, Inc.	19,121		223,525
Wesco International, Inc. *	1,674		61,084
			1,133,208
Electrical Utilities - 1.14%
El Paso Electric Company *	21,255		454,219
Electronics - 4.06%
Analogic Corp.	3,285		218,584
Axsys Technologies, Inc. *	439		21,897
Celestica, Inc. *	46,861		314,906
Cubic Corp.	6,395		181,810
Dolby Laboratories, Inc., Class A *	5,898		213,862
LoJack Corp. *	5,116		64,666
Stoneridge, Inc. *	1,752		23,564
Synopsys, Inc. *	12,555		285,124
Trimble Navigation, Ltd. *	10,146		290,074
			1,614,487
Financial Services - 2.24%
Calamos Asset Management, Inc.	12,035		195,930
City Holding Company	2,683		107,052
Evercore Partners, Inc. (a)	2,008		35,642
Interactive Brokers Group, Inc. *	6,507		167,035
Investment Technology Group, Inc. *	5,838		269,599
Knight Capital Group, Inc. *	1,932		31,375
SWS Group, Inc.	6,900		84,387
			891,020
Food & Beverages - 0.74%
Flowers Foods, Inc.	4,836		119,691
Ralcorp Holdings, Inc. *	2,476		143,980
Spartan Stores, Inc.	1,491		31,087
			294,758
Gas & Pipeline Utilities - 2.18%
Atmos Energy Corp.	3,638		92,769
National Fuel Gas Company	1,390		65,622
Northwest Natural Gas Company	6,019		261,466
Southern Union Company	6,490		151,022
UGI Corp.	11,921		297,071
			867,950
Healthcare Products - 2.88%
CONMED Corp. *	4,915		126,021
IDEXX Laboratories, Inc. *	5,114		251,916
Kinetic Concepts, Inc. *	4,327		200,037
Owens & Minor, Inc.	12,911		507,919
Synovis Life Technologies, Inc. *	3,808		59,709
			1,145,602
Healthcare Services - 2.71%
Air Methods Corp. *	913		44,162
AMERIGROUP Corp. *	5,918		161,739
Apria Healthcare Group, Inc. *	21,497		424,565
Pediatrix Medical Group, Inc. *	4,137		278,834
WellCare Health Plans, Inc. *	4,382		170,679
			1,079,979

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hotels & Restaurants - 1.36%
AFC Enterprises, Inc. *	10,375	$	93,271
Bob Evans Farms, Inc.	943		26,017
Burger King Holdings, Inc.	4,342		120,100
CEC Entertainment, Inc. *	1,480		42,742
Chipotle Mexican Grill, Inc., Class A * (a)	1,327		150,522
Choice Hotels International, Inc.	2,635		89,880
Jack in the Box, Inc. *	696		18,702
			541,234
Household Products - 1.16%
Blyth, Inc.	4,666		92,013
Tupperware Brands Corp.	9,573		370,284
			462,297
Industrial Machinery - 1.61%
Actuant Corp., Class A	2,320		70,087
EnPro Industries, Inc. *	1,699		52,992
Robbins & Myers, Inc.	15,877		518,384
			641,463
Insurance - 4.06%
Allied World Assurance Holdings, Ltd.	2,523		100,163
American Financial Group, Inc.	7,685		196,429
American Safety Insurance Holdings, Ltd. *	1,175		20,092
Amerisafe, Inc. *	1,128		14,258
Aspen Insurance Holdings, Ltd.	17,712		467,243
Endurance Specialty Holdings, Ltd.	3,315		121,329
Max Re Capital, Ltd.	4,182		109,527
Navigators Group, Inc. *	421		22,902
Reinsurance Group of America, Inc.	8,312		452,505
Selective Insurance Group, Inc.	4,677		111,687
			1,616,135
Internet Retail - 0.99%
1-800-Flowers.com, Inc. *	8,441		71,833
Priceline.com, Inc. *	2,657		321,125
			392,958
Internet Software - 0.32%
Chordiant Software, Inc. *	8,975		54,119
eResearch Technology, Inc. *	6,029		74,880
			128,999
Leisure Time - 1.97%
Bally Technologies, Inc. *	2,653		91,104
DreamWorks Animation SKG, Inc., Class A *	10,830		279,197
Polaris Industries, Inc. (a)	10,077		413,258
			783,559
Life Sciences - 0.03%
Repligen Corp. *	2,526		12,175
Manufacturing - 1.77%
Acuity Brands, Inc.	1,860		79,887
Koppers Holdings, Inc.	3,090		136,918
Mettler-Toledo International, Inc. *	5,027		488,222
			705,027
Medical-Hospitals - 0.02%
Exactech, Inc. *	325		8,187

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

316

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Metal & Metal Products - 0.41%
Crown Holdings, Inc. *	2,974	$	74,826
Mueller Industries, Inc.	2,999		86,521
			161,347
Mining - 0.24%
Hecla Mining Company * (a)	8,532		95,217
Office Furnishings & Supplies - 0.37%
Knoll, Inc.	12,777		147,447
Paper - 2.01%
Buckeye Technologies, Inc. *	26,777		298,831
Rock-Tenn Company, Class A	16,654		499,121
			797,952
Petroleum Services - 3.24%
Atwood Oceanics, Inc. *	2,320		212,790
Core Laboratories N.V. *	2,183		260,432
Dril-Quip, Inc. *	5,358		248,986
Oceaneering International, Inc. *	4,656		293,328
Tesoro Corp.	2,735		82,050
Trico Marine Services, Inc. *	4,935		192,317
			1,289,903
Pharmaceuticals - 1.79%
Cubist Pharmaceuticals, Inc. *	4,315		79,482
Enzon Pharmaceuticals, Inc. * (a)	1,524		14,036
King Pharmaceuticals, Inc. *	21,040		183,048
OSI Pharmaceuticals, Inc. *	1,500		56,085
ViroPharma, Inc. *	2,278		20,365
Watson Pharmaceuticals, Inc. *	12,196		357,587
			710,603
Publishing - 0.39%
Valassis Communications, Inc. *	14,249		154,602
Real Estate - 4.98%
Agree Realty Corp., REIT	558		15,317
Avatar Holdings, Inc. * (a)	1,356		59,108
Education Realty Trust, Inc., REIT	593		7,454
Equity Lifestyle Properties, Inc., REIT	9,953		491,380
Essex Property Trust, Inc., REIT	2,120		241,637
Extra Space Storage, Inc., REIT	13,598		220,152
Gramercy Capital Corp., REIT (a)	11,487		240,423
Jones Lang LaSalle, Inc.	503		38,902
Lexington Corporate Property Trust, REIT	501		7,219
Senior Housing Properties Trust, REIT	7,819		185,310
Taubman Centers, Inc., REIT	9,138		476,090
			1,982,992
Retail Trade - 3.43%
Big Lots, Inc. *	10,392		231,742
Dollar Tree, Inc. *	6,446		177,845
Fossil, Inc. *	12,749		389,355
FTD Group, Inc.	10,141		136,092
J. Crew Group, Inc. *	3,543		156,494
Rent-A-Center, Inc. *	5,412		99,310
School Specialty, Inc. *	1,936		61,062
Systemax, Inc. * (a)	9,172		110,614
			1,362,514

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Sanitary Services - 1.19%
Darling International, Inc. *	36,577	$	473,672
Semiconductors - 2.46%
Amkor Technology, Inc. *	11,255		120,429
ASM International N.V. (a)	6,038		111,884
Emulex Corp. *	17,145		278,435
OmniVision Technologies, Inc. *	2,462		41,411
Pericom Semiconductor Corp. *	4,416		64,827
QLogic Corp. *	1,571		24,115
Skyworks Solutions, Inc. *	21,823		158,871
Varian Semiconductor Equipment
Associates, Inc. *	6,302		177,401
			977,373
Software - 3.45%
ANSYS, Inc. *	6,723		232,078
FARO Technologies, Inc. *	291		9,073
JDA Software Group, Inc. *	4,735		86,414
ManTech International Corp. *	1,340		60,783
Open Text Corp. * (a)	3,185		99,722
Soapstone Networks, Inc. *	4,232		30,301
SPSS, Inc. *	9,270		359,491
Sybase, Inc. *	18,824		495,071
			1,372,933
Steel - 0.86%
AK Steel Holding Corp.	6,270		341,213
Telecommunications Equipment &
Services - 2.03%
CommScope, Inc. *	7,825		272,545
Comtech Telecommunications Corp. *	6,178		240,942
GeoEye, Inc. *	7,496		194,821
NTELOS Holdings Corp.	691		16,722
Premiere Global Services, Inc. *	5,714		81,939
			806,969
Telephone - 0.83%
CenturyTel, Inc.	7,475		248,469
Cincinnati Bell, Inc. *	18,779		79,998
			328,467
Tires & Rubber - 0.21%
Cooper Tire & Rubber Company	5,506		82,425
Toys, Amusements & Sporting Goods - 0.56%
Jakks Pacific, Inc. *	8,133		224,227
Transportation - 1.21%
Con-way, Inc.	3,628		179,513
Kirby Corp. *	5,270		300,390
			479,903
Trucking & Freight - 1.59%
Arkansas Best Corp. (a)	2,372		75,572
Forward Air Corp. (a)	2,670		94,625
Hub Group, Inc., Class A *	3,181		104,623
Landstar Systems, Inc.	5,276		275,196
Old Dominion Freight Lines, Inc. *	2,597		82,662
			632,678
TOTAL COMMON STOCKS (Cost $42,760,388)		$	39,645,472

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

317

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 5.03%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	2,002,157	$	2,002,157
TOTAL SHORT TERM INVESTMENTS
(Cost $2,002,157)			$	2,002,157
REPURCHASE AGREEMENTS - 0.43%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$170,008 on 04/01/2008,
collateralized by $165,000 Federal
Farm Credit Bank, 5.21% due
12/19/2022 (valued at $178,352,
including interest)	$	170,000	$	170,000
TOTAL REPURCHASE AGREEMENTS
(Cost $170,000)			$	170,000
Total Investments (Small Company Trust)
(Cost $44,932,545) - 105.11%			$	41,817,629
Liabilities in Excess of Other Assets - (5.11)%				(2,034,687
TOTAL NET ASSETS - 100.00%			$	39,782,942
Small Company Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.21%
Advertising - 1.56%
inVentiv Health, Inc. *		63,805	$	1,838,222
ValueClick, Inc. *		97,905		1,688,861
				3,527,083
Aerospace - 0.96%
TransDigm Group, Inc. *		58,681		2,174,131
Apparel & Textiles - 1.75%
Interface, Inc., Class A		115,470		1,622,354
The Warnaco Group, Inc. *		59,062		2,329,405
				3,951,759
Auto Parts - 1.02%
Tenneco, Inc. *		82,345		2,300,719
Banking - 2.44%
East West Bancorp, Inc. (a)		57,519		1,020,962
Greenhill & Company, Inc. (a)		34,873		2,425,766
SVB Financial Group *		47,026		2,052,215
				5,498,943
Biotechnology - 1.89%
Affymetrix, Inc. * (a)		82,724		1,440,225
Human Genome Sciences, Inc. * (a)		113,941		671,112
Myriad Genetics, Inc. * (a)		53,757		2,165,870
				4,277,207
Building Materials & Construction - 1.69%
Eagle Materials, Inc. (a)		58,331		2,073,667
Texas Industries, Inc. (a)		28,785		1,730,266
				3,803,933

Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 6.50%
CoStar Group, Inc. * (a)	56,506	$	2,429,758
Euronet Worldwide, Inc. * (a)	83,492		1,608,056
Global Payments, Inc.	34,677		1,434,241
Informatica Corp. *	109,235		1,863,549
Korn/Ferry International *	115,883		1,958,423
SRA International, Inc., Class A *	66,492		1,616,420
Syntel, Inc.	53,308		1,420,658
Tetra Tech, Inc. *	119,353		2,328,577
			14,659,682
Chemicals - 0.57%
Calgon Carbon Corp. * (a)	74,004		1,113,760
Zep, Inc.	10,317		167,342
			1,281,102
Commercial Services - 1.59%
Chemed Corp.	43,089		1,818,356
Live Nation, Inc. * (a)	93,799		1,137,782
Riskmetrics Group, Inc. *	32,362		626,204
			3,582,342
Computers & Business Equipment - 2.27%
Cogent, Inc. * (a)	150,130		1,415,726
MICROS Systems, Inc. *	51,388		1,729,720
Tech Data Corp. *	60,171		1,973,609
			5,119,055
Construction & Mining Equipment - 1.11%
Bucyrus International, Inc., Class A	24,538		2,494,288
Containers & Glass - 1.11%
Greif, Inc., Class A	36,850		2,503,221
Crude Petroleum & Natural Gas - 6.55%
Arena Resources, Inc. *	65,522		2,536,357
Bill Barrett Corp. *	64,142		3,030,710
Carrizo Oil & Gas, Inc. *	55,135		3,267,851
Unit Corp. *	53,559		3,034,117
Whiting Petroleum Corp. *	45,240		2,924,766
			14,793,801
Drugs & Health Care - 3.26%
BioMarin Pharmaceutical, Inc. *	90,537		3,202,294
Mentor Corp. (a)	47,281		1,216,067
Parexel International Corp. *	112,884		2,946,272
			7,364,633
Educational Services - 2.07%
DeVry, Inc.	63,630		2,662,279
Strayer Education, Inc.	13,118		2,000,495
			4,662,774
Electrical Equipment - 3.25%
General Cable Corp. *	50,426		2,978,664
Varian, Inc. *	51,089		2,959,075
Wesco International, Inc. *	38,271		1,396,509
			7,334,248
Electrical Utilities - 1.63%
ITC Holdings Corp.	35,736		1,860,416
Pike Electric Corp. *	130,890		1,823,298
			3,683,714

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

318

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services - 2.95%
Affiliated Managers Group, Inc. *	23,575	$	2,139,196
Bankrate, Inc. * (a)	42,177		2,104,211
National Financial Partners Corp. (a)	46,967		1,055,348
optionsXpress Holdings, Inc.	66,064		1,368,185
			6,666,940
Food & Beverages - 1.10%
Ralcorp Holdings, Inc. *	42,782		2,487,773
Healthcare Products - 3.66%
Gen-Probe, Inc. *	34,995		1,686,759
Nuvasive, Inc. *	75,159		2,593,737
The Medicines Company *	87,702		1,771,580
Wright Medical Group, Inc. *	91,382		2,205,962
			8,258,038
Healthcare Services - 2.66%
athenahealth, Inc. * (a)	7,151		169,264
Magellan Health Services, Inc. *	47,761		1,895,634
Pediatrix Medical Group, Inc. *	37,439		2,523,389
The Advisory Board Company *	25,588		1,405,805
			5,994,092
Hotels & Restaurants - 3.12%
Buffalo Wild Wings, Inc. * (a)	53,134		1,301,783
Choice Hotels International, Inc.	51,536		1,757,893
Jack in the Box, Inc. *	82,319		2,211,911
P.F. Chang's China Bistro, Inc. * (a)	61,938		1,761,517
			7,033,104
Household Products - 1.82%
Church & Dwight, Inc.	67,331		3,652,033
Tempur-Pedic International, Inc. (a)	40,788		448,668
			4,100,701
Industrial Machinery - 1.59%
FMC Technologies, Inc. *	35,789		2,036,036
Regal-Beloit Corp.	42,654		1,562,416
			3,598,452
Industrials - 0.40%
EnergySolutions, Inc.	39,377		903,308
Insurance - 0.81%
ProAssurance Corp. *	33,418		1,798,891
Security Capital Assurance, Ltd. (a)	75,874		39,454
			1,838,345
Internet Retail - 0.43%
Shutterfly, Inc. *	64,808		963,695
Internet Software - 0.54%
DealerTrack Holdings, Inc. *	60,734		1,228,042
Leisure Time - 0.86%
National Cinemedia, Inc.	86,100		1,935,528
Manufacturing - 2.58%
Acuity Brands, Inc.	23,358		1,003,226
Barnes Group, Inc.	67,543		1,550,112
Ceradyne, Inc. *	39,960		1,277,122
Coherent, Inc. *	71,077		1,982,337
			5,812,797

Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Medical-Hospitals - 2.15%
Cepheid, Inc. *	56,778	$	1,384,815
LifePoint Hospitals, Inc. *	62,791		1,724,869
VCA Antech, Inc. *	64,103		1,753,217
			4,862,901
Metal & Metal Products - 0.92%
Dynamic Materials Corp.	48,083		2,077,186
Petroleum Services - 1.82%
Dril-Quip, Inc. *	50,191		2,332,376
ION Geophysical Corp. *	129,454		1,786,465
			4,118,841
Pharmaceuticals - 2.02%
AMAG Pharmaceuticals, Inc. *	24,965		1,009,335
Sciele Pharma, Inc. * (a)	92,739		1,808,411
United Therapeutics Corp. * (a)	20,070		1,740,069
			4,557,815
Pollution Control - 0.56%
Fuel Tech, Inc. * (a)	61,735		1,265,568
Railroads & Equipment - 0.96%
Wabtec Corp.	57,726		2,173,961
Real Estate - 0.94%
BioMed Realty Trust, Inc., REIT	89,053		2,127,476
Retail Trade - 3.01%
Dick's Sporting Goods, Inc. *	46,998		1,258,606
DSW, Inc., Class A * (a)	98,424		1,274,591
Hot Topic, Inc. *	175,001		754,254
Longs Drug Stores Corp.	48,538		2,060,924
Zumiez, Inc. * (a)	92,167		1,446,100
			6,794,475
Semiconductors - 5.39%
Cirrus Logic, Inc. *	264,356		1,776,472
Diodes, Inc. *	76,444		1,678,710
FormFactor, Inc. *	49,801		951,199
Microsemi Corp. *	95,322		2,173,342
Power Integrations, Inc. *	62,512		1,829,101
Silicon Laboratories, Inc. *	64,772		2,042,909
Varian Semiconductor Equipment
Associates, Inc. *	60,500		1,703,075
			12,154,808
Software - 7.45%
Ansoft Corp. *	67,107		2,048,106
ANSYS, Inc. *	65,245		2,252,257
Blackboard, Inc. *	69,849		2,328,067
Eclipsys Corp. *	110,420		2,165,336
JDA Software Group, Inc. *	104,472		1,906,614
Lawson Software, Inc. *	205,626		1,548,364
Manhattan Associates, Inc. *	80,296		1,841,187
Omniture, Inc. *	34,204		793,875
THQ, Inc. *	88,101		1,920,602
			16,804,408
Steel - 0.95%
Carpenter Technology Corp.	38,116		2,133,353

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

319

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services - 4.04%
Harmonic, Inc. *		196,266	$	1,491,622
NeuStar, Inc., Class A *		72,723		1,925,705
NICE Systems, Ltd., ADR *		63,642		1,795,977
Polycom, Inc. *		85,321		1,923,136
SBA Communications Corp. *		66,551		1,985,216
				9,121,656
Toys, Amusements & Sporting Goods - 0.93%
Marvel Entertainment, Inc. *		77,944		2,088,120
Transportation - 0.54%
American Commercial Lines, Inc. *		77,521		1,224,832
Trucking & Freight - 2.79%
Forward Air Corp. (a)		66,927		2,371,893
Hub Group, Inc., Class A *		65,965		2,169,589
Knight Transportation, Inc. (a)		107,134		1,763,425
				6,304,907
TOTAL COMMON STOCKS (Cost $241,474,994)			$	221,643,757
SHORT TERM INVESTMENTS - 16.33%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	36,856,653	$	36,856,653
TOTAL SHORT TERM INVESTMENTS
(Cost $36,856,653)			$	36,856,653
REPURCHASE AGREEMENTS - 1.28%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.90% to be repurchased at
$2,901,153 on 04/01/2008,
collateralized by $2,795,000
Federal Home Loan Bank, 5.435%
due 12/20/2022 (valued at
$2,962,700, including interest)	$	2,901,000	$	2,901,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,901,000)			$	2,901,000
Total Investments (Small Company Growth Trust)
(Cost $281,232,647) - 115.82%			$	261,401,410
Liabilities in Excess of Other Assets - (15.82)%				(35,709,773)
TOTAL NET ASSETS - 100.00%			$	225,691,637
Small Company Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.71%
Aerospace - 1.36%
Kratos Defense & Security Solutions, Inc. *		436,500	$	794,430
Woodward Governor Company		261,400		6,984,608
				7,779,038
Air Travel - 0.71%
Airtran Holdings, Inc. *		307,500		2,029,500

Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Air Travel (continued)
Alaska Air Group, Inc. *	102,400	$	2,009,088
			4,038,588
Apparel & Textiles - 0.94%
Culp, Inc. *	125,500		943,760
G & K Services, Class A	125,200		4,458,372
			5,402,132
Auto Parts - 0.19%
Accuride Corp. *	134,700		1,101,846
Auto Services - 0.43%
Dollar Thrifty Automotive Group, Inc. *	181,000		2,468,840
Banking - 4.19%
East West Bancorp, Inc. (a)	297,200		5,275,300
Glacier Bancorp, Inc. (a)	215,300		4,127,301
Home Bancshares, Inc. (a)	137,000		2,859,190
SVB Financial Group *	170,000		7,418,800
Wintrust Financial Corp.	122,000		4,263,900
			23,944,491
Biotechnology - 1.19%
Exelixis, Inc. *	220,500		1,532,475
Myriad Genetics, Inc. * (a)	130,800		5,269,932
			6,802,407
Broadcasting - 0.23%
Saga Communications, Inc., Class A *	230,400		1,290,240
Building Materials & Construction - 1.58%
Beacon Roofing Supply, Inc. *	467,900		4,679,000
Drew Industries, Inc. *	179,300		4,385,678
			9,064,678
Business Services - 7.88%
Compass Diversified Trust	168,600		2,217,090
Electro Rent Corp.	297,000		4,499,550
FTI Consulting, Inc. *	170,200		12,091,008
McGrath Rentcorp	259,000		6,244,490
MPS Group, Inc. *	474,200		5,605,044
Navigant Consulting Company *	295,000		5,599,100
StarTek, Inc. *	226,800		2,088,828
SYNNEX Corp. *	138,700		2,943,214
Wind River Systems, Inc. *	484,400		3,749,256
			45,037,580
Chemicals - 3.74%
Airgas, Inc.	158,700		7,216,089
American Vanguard Corp.	210,400		3,501,056
Arch Chemicals, Inc.	150,600		5,611,356
Innospec, Inc.	240,000		5,088,000
			21,416,501
Commercial Services - 0.70%
Live Nation, Inc. * (a)	69,600		844,248
Pool Corp. (a)	167,800		3,169,742
			4,013,990
Computers & Business Equipment - 1.32%
Ixia *	314,000		2,436,640
Palm, Inc. * (a)	419,000		2,095,000

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

320

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
Xyratex, Ltd. *	168,700	$	3,026,478
			7,558,118
Construction & Mining Equipment - 0.50%
Carbo Ceramics, Inc. (a)	70,800		2,839,080
Construction Materials - 1.75%
Ameron International Corp.	69,500		6,500,335
Universal Forest Products, Inc.	109,500		3,525,900
			10,026,235
Crude Petroleum & Natural Gas - 4.73%
Forest Oil Corp. *	142,500		6,976,800
Penn Virginia Corp.	268,800		11,851,392
Whiting Petroleum Corp. *	127,600		8,249,340
			27,077,532
Domestic Oil - 0.81%
Mariner Energy, Inc. *	128,804		3,478,996
Union Drilling, Inc. *	64,400		1,126,356
			4,605,352
Drugs & Health Care - 1.56%
Landauer, Inc.	57,100		2,874,414
West Pharmaceutical Services, Inc.	136,300		6,028,549
			8,902,963
Educational Services - 0.30%
Corinthian Colleges, Inc. *	239,400		1,730,862
Electrical Equipment - 1.00%
C & D Technologies, Inc. * (a)	170,300		854,906
Littelfuse, Inc. *	118,400		4,140,448
Methode Electronics, Inc.	60,600		708,414
			5,703,768
Electrical Utilities - 2.71%
Black Hills Corp.	138,600		4,959,108
Cleco Corp.	193,000		4,280,740
El Paso Electric Company *	187,700		4,011,149
Empire District Electric Company (a)	110,700		2,241,675
			15,492,672
Electronics - 2.22%
Analogic Corp.	42,900		2,854,566
Belden, Inc.	163,500		5,774,820
Franklin Electric, Inc. (a)	62,700		2,142,459
Newport Corp. *	170,600		1,905,602
			12,677,447
Energy - 0.13%
GeoMet, Inc. * (a)	109,200		727,272
Financial Services - 2.63%
Ares Capital Corp.	319,100		4,011,087
Hercules Technology Growth Capital, Inc. (a)	254,600		2,764,956
JMP Group, Inc.	135,500		948,500
Kohlberg Capital Corp.	249,200		2,586,696
Piper Jaffray Companies, Inc. *	54,500		1,850,820
Stifel Financial Corp. * (a)	64,000		2,873,600
			15,035,659

Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages - 0.26%
Winn-Dixie Stores, Inc. * (a)	82,100	$	1,474,516
Forest Products - 0.92%
Deltic Timber Corp.	94,600		5,269,220
Furniture & Fixtures - 0.35%
Stanley Furniture Company, Inc. (a)	161,000		1,998,010
Gas & Pipeline Utilities - 1.07%
Southwest Gas Corp.	128,700		3,598,452
Vectren Corp.	93,300		2,503,239
			6,101,691
Healthcare Products - 1.80%
AngioDynamics, Inc. *	123,900		1,432,284
Owens & Minor, Inc.	226,000		8,890,840
			10,323,124
Healthcare Services - 0.92%
National Healthcare Corp. (a)	88,400		4,305,080
Triple-S Management Corp. *	54,300		958,395
			5,263,475
Homebuilders - 0.99%
M/I Homes, Inc. (a)	120,100		2,039,298
Meritage Homes Corp. *	188,900		3,649,548
			5,688,846
Hotels & Restaurants - 0.23%
The Steak & Shake Company * (a)	169,000		1,330,030
Industrial Machinery - 2.36%
Cascade Corp.	69,300		3,417,183
Circor International, Inc.	85,400		3,949,750
IDEX Corp.	200,250		6,145,673
			13,512,606
Insurance - 5.14%
Employers Holdings, Inc.	84,100		1,559,214
Markel Corp. *	9,900		4,355,703
Max Re Capital, Ltd.	178,100		4,664,439
Midland Company	86,700		5,629,431
National Interstate Corp.	135,103		3,154,655
ProAssurance Corp. *	186,700		10,050,061
			29,413,503
Investment Companies - 0.46%
First Financial Fund, Inc. *	290,786		2,628,705
Life Sciences - 0.25%
Symyx Technologies, Inc. *	190,000		1,425,000
Manufacturing - 2.83%
AptarGroup, Inc.	215,700		8,397,201
Nordson Corp.	144,200		7,765,170
			16,162,371
Metal & Metal Products - 3.59%
Gibraltar Industries, Inc.	226,000		2,650,980
Matthews International Corp., Class A	186,700		9,008,275
Sims Group, Ltd. *	323,000		8,888,960
			20,548,215

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

321

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Mobile Homes - 0.76%
Skyline Corp.	10,500	$	292,110
Winnebago Industries, Inc. (a)	238,500		4,030,650
			4,322,760
Newspapers - 0.24%
Lee Enterprises, Inc. (a)	136,900		1,370,369
Paper - 1.42%
Chesapeake Corp.	61,000		293,410
Potlatch Corp.	136,400		5,629,228
Wausau-Mosinee Paper Corp.	267,500		2,209,550
			8,132,188
Petroleum Services - 3.65%
Atwood Oceanics, Inc. *	69,000		6,328,680
Hercules Offshore, Inc. * (a)	120,817		3,034,923
TETRA Technologies, Inc. *	351,300		5,564,592
W-H Energy Services, Inc. *	86,600		5,962,410
			20,890,605
Publishing - 0.05%
Courier Corp.	10,700		266,965
Railroads & Equipment - 1.30%
Genesee & Wyoming, Inc., Class A *	215,600		7,416,640
Real Estate - 4.50%
First Potomac Realty Trust, REIT	208,600		3,206,182
Kilroy Realty Corp., REIT	141,200		6,934,332
LaSalle Hotel Properties, REIT	148,100		4,254,913
Parkway Properties, Inc., REIT	88,400		3,267,264
Redwood Trust, Inc., REIT	25,500		926,925
Strategic Hotel Cap, Inc., REIT	223,800		2,938,494
Washington Real Estate Investment Trust,
REIT (a)	126,400		4,224,288
			25,752,398
Retail Grocery - 0.59%
Nash Finch Company (a)	99,000		3,364,020
Retail Trade - 3.83%
Aaron Rents, Inc., Class B	387,200		8,340,288
Casey's General Stores, Inc.	135,300		3,057,780
CSS Industries, Inc.	111,200		3,887,552
Fred's, Inc., Class A	172,500		1,768,125
Haverty Furniture Companies, Inc. (a)	261,800		2,785,552
Stein Mart, Inc. (a)	370,700		2,083,334
			21,922,631
Sanitary Services - 1.76%
Casella Waste Systems, Inc., Class A *	152,700		1,669,011
Insituform Technologies, Inc., Class A * (a)	245,200		3,391,116
Waste Connections, Inc. *	162,400		4,992,176
			10,052,303
Semiconductors - 3.16%
Advanced Energy Industries, Inc. *	245,100		3,250,026
ATMI, Inc. *	91,900		2,557,577
Brooks Automation, Inc. *	273,062		2,654,163
Cabot Microelectronics Corp. *	44,200		1,421,030
Exar Corp. *	271,500		2,234,445
FormFactor, Inc. *	148,300		2,832,530

Small Company Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
GSI Group, Inc. *		399,800	$	3,110,444
				18,060,215
Software - 2.79%
Progress Software Corp. *		205,400		6,145,568
SPSS, Inc. *		153,700		5,960,486
Websense, Inc. *		204,700		3,838,125
				15,944,179
Steel - 1.29%
Carpenter Technology Corp.		132,100		7,393,637
Telecommunications Equipment &
Services - 0.94%
Premiere Global Services, Inc. *		373,000		5,348,820
Tires & Rubber - 0.53%
Myers Indiana, Inc.		231,400		3,038,282
Tobacco - 0.39%
Alliance One International, Inc. *		370,000		2,234,800
Transportation - 2.97%
Kirby Corp. *		208,500		11,884,500
UTI Worldwide, Inc.		254,500		5,110,360
				16,994,860
Trucking & Freight - 2.57%
Landstar Systems, Inc.		281,300		14,672,608
TOTAL COMMON STOCKS (Cost $450,470,177)			$	553,054,883
RIGHTS - 0.01%
Financial Services - 0.01%
Ares Capital Corp. (Expiration Date 04/21/08) *		106,366		59,565
TOTAL RIGHTS (Cost $0)			$	59,565
SHORT TERM INVESTMENTS - 13.50%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	64,427,324	$	64,427,324
T. Rowe Price Reserve Investment Fund		12,779,829		12,779,829
TOTAL SHORT TERM INVESTMENTS
(Cost $77,207,153)			$	77,207,153
REPURCHASE AGREEMENTS - 0.35%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$2,000,089 on 04/01/2008,
collateralized by $2,060,000
Federal Home Loan Mortgage
Corp., 7.00% due 07/11/2022
(valued at $2,044,550, including
interest)	$	2,000,000	$	2,000,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,000,000)			$	2,000,000
Total Investments (Small Company Value Trust)
(Cost $529,677,330) - 110.57%			$	632,321,601
Liabilities in Excess of Other Assets - (10.57)%				(60,466,754)
TOTAL NET ASSETS - 100.00%			$	571,854,847

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

322

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 15.27%
Air Travel - 0.05%
Southwest Airlines Company	41,400	$	513,360
Aluminum - 0.08%
Alcoa, Inc.	25,400		915,924
Auto Parts - 0.08%
Genuine Parts Company	22,300		896,906
Automobiles - 0.04%
Ford Motor Company	72,700		415,844
Banking - 0.93%
Allied Irish Banks PLC - London	12,900		273,833
Bank of America Corp.	15,100		572,441
Bank of New York Mellon Corp.	54,100		2,257,593
Citizens Banking Corp.	260		3,232
Fifth Third Bancorp	62,200		1,301,224
KeyCorp	38,400		842,880
National City Corp.	32,800		326,360
Royal Bank of Scotland Group PLC	56,228		376,682
SunTrust Banks, Inc.	40,700		2,244,198
U.S. Bancorp	74,900		2,423,764
			10,622,207
Biotechnology - 0.14%
Amgen, Inc.	37,600		1,570,928
Broadcasting - 0.11%
CBS Corp., Class B	49,900		1,101,792
XM Satellite Radio Holdings, Inc., Class A	10,500		122,010
			1,223,802
Building Materials & Construction - 0.13%
Masco Corp.	72,300		1,433,709
Business Services - 0.25%
Automatic Data Processing, Inc.	4,100		173,799
Computer Sciences Corp.	16,600		677,114
Electronic Data Systems Corp.	31,000		516,150
H & R Block, Inc.	72,300		1,500,948
			2,868,011
Cable & Television - 0.26%
Cablevision Systems Corp., Class A	31,000		664,330
Comcast Corp., Class A	27,000		522,180
Time Warner, Inc.	129,100		1,809,982
			2,996,492
Cellular Communications - 0.09%
Crown Castle International Corp.	8,975		309,548
Motorola, Inc.	78,700		731,910
			1,041,458
Chemicals - 0.16%
E.I. Du Pont de Nemours & Company	39,300		1,837,668
Computers & Business Equipment - 0.16%
Cisco Systems, Inc.	13,000		313,170
Dell, Inc.	74,300		1,480,056
			1,793,226
Construction Materials - 0.19%
USG Corp.	25,000		920,500

Spectrum Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Construction Materials (continued)
Vulcan Materials Company	18,700	$	1,241,680
			2,162,180
Cosmetics & Toiletries - 0.59%
Avon Products, Inc.	35,100		1,387,854
Colgate-Palmolive Company	11,600		903,756
International Flavors & Fragrances, Inc.	33,100		1,458,055
Kimberly-Clark Corp.	17,500		1,129,625
Procter & Gamble Company	26,600		1,863,862
			6,743,152
Crude Petroleum & Natural Gas - 0.15%
Hess Corp.	19,740		1,740,673
Drugs & Health Care - 0.15%
Wyeth	41,500		1,733,040
Electrical Equipment - 0.10%
Cooper Industries, Ltd., Class A	18,600		746,790
General Cable Corp.	6,850		404,630
			1,151,420
Electrical Utilities - 0.41%
Entergy Corp.	12,900		1,407,132
FirstEnergy Corp.	16,600		1,139,092
Pinnacle West Capital Corp.	18,600		652,488
Teco Energy, Inc.	23,900		381,205
Xcel Energy, Inc.	56,400		1,125,180
			4,705,097
Electronics - 0.02%
Harman International Industries, Inc.	6,400		278,656
Energy - 0.22%
Duke Energy Corp.	68,620		1,224,867
Energy East Corp.	1,820		43,898
Progress Energy, Inc.	29,450		1,228,065
			2,496,830
Financial Services - 1.42%
Capital One Financial Corp.	32,000		1,575,040
Citigroup, Inc.	52,400		1,122,408
Countrywide Financial Corp.	51,600		283,800
Federal National Mortgage Association	70,400		1,852,928
JP Morgan Chase & Company	109,500		4,703,025
Legg Mason, Inc.	21,000		1,175,580
Merrill Lynch & Company, Inc.	43,200		1,759,968
SLM Corp.	73,000		1,120,550
UBS AG	34,200		995,838
Wells Fargo & Company	55,500		1,615,050
			16,204,187
Food & Beverages - 0.64%
B&G Foods, Inc.	16,525		312,983
Campbell Soup Company	16,600		563,570
General Mills, Inc.	30,700		1,838,316
Hershey Company	65,400		2,463,618
Kraft Foods, Inc., Class A	39,500		1,224,895
McCormick & Company, Inc.	21,300		787,461
The Coca-Cola Company	2,400		146,088
			7,336,931

The accompanying notes are anintegral part of the financial statements.

323

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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.	84,600	$	1,458,504
Spectra Energy Corp.	35,800		814,450
Williams Companies, Inc.	230		7,585
			2,280,539
Healthcare Products - 0.21%
Johnson & Johnson	36,900		2,393,703
Holdings Companies/Conglomerates - 0.57%
General Electric Company	174,400		6,454,544
Homebuilders - 0.07%
D.R. Horton, Inc.	49,900		785,925
Household Appliances - 0.15%
Black & Decker Corp.	8,300		548,630
Whirlpool Corp.	13,100		1,136,818
			1,685,448
Household Products - 0.28%
Fortune Brands, Inc.	24,600		1,709,700
Newell Rubbermaid, Inc.	66,100		1,511,707
			3,221,407
Insurance - 0.83%
American International Group, Inc.	43,700		1,890,025
Chubb Corp.	15,700		776,836
Genworth Financial, Inc., Class A	31,000		701,840
Lincoln National Corp.	32,800		1,705,600
Marsh & McLennan Companies, Inc.	97,200		2,366,820
Progressive Corp.	47,600		764,932
The Travelers Companies, Inc.	25,500		1,220,175
			9,426,228
International Oil - 1.52%
Anadarko Petroleum Corp.	31,000		1,953,930
BP PLC, SADR	24,200		1,467,730
Chevron Corp.	51,890		4,429,330
Exxon Mobil Corp.	51,400		4,347,412
Murphy Oil Corp.	26,000		2,135,640
Royal Dutch Shell PLC, ADR	42,800		2,952,344
			17,286,386
Internet Content - 0.15%
Yahoo!, Inc.	60,600		1,753,158
Internet Retail - 0.06%
eBay, Inc.	21,000		626,640
Leisure Time - 0.16%
Lakes Gaming, Inc.	23,275		102,875
Walt Disney Company	54,200		1,700,796
			1,803,671
Liquor - 0.16%
Anheuser-Busch Companies, Inc.	37,800		1,793,610
Manufacturing - 0.59%
3M Company	30,200		2,390,330
Harley-Davidson, Inc.	25,000		937,500
Honeywell International, Inc.	28,400		1,602,328
Illinois Tool Works, Inc.	37,800		1,823,094
			6,753,252

Spectrum Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Office Furnishings & Supplies - 0.14%
Avery Dennison Corp.	33,000	$	1,625,250
Paper - 0.31%
International Paper Company	87,565		2,381,768
MeadWestvaco Corp.	42,260		1,150,317
			3,532,085
Petroleum Services - 0.20%
BJ Services Company	33,100		943,681
Schlumberger, Ltd.	14,800		1,287,600
			2,231,281
Pharmaceuticals - 0.76%
Abbott Laboratories	21,200		1,169,180
Bristol-Myers Squibb Company	53,800		1,145,940
Eli Lilly & Company	49,200		2,538,228
Merck & Company, Inc.	45,200		1,715,340
Pfizer, Inc.	101,770		2,130,046
			8,698,734
Photography - 0.08%
Eastman Kodak Company	53,800		950,646
Publishing - 0.39%
Gannett Company, Inc.	50,400		1,464,120
McGraw-Hill Companies, Inc.	47,700		1,762,515
The New York Times Company, Class A	65,400		1,234,752
			4,461,387
Railroads & Equipment - 0.03%
Union Pacific Corp.	2,600		325,988
Real Estate - 0.00%
Weingarten Realty Investors, REIT	1,265		43,567
Retail Trade - 0.54%
Bed Bath & Beyond, Inc.	50,900		1,501,550
Home Depot, Inc.	74,700		2,089,359
Macy's, Inc.	10,400		239,824
Tiffany & Company	9,900		414,216
Wal-Mart Stores, Inc.	35,100		1,849,068
			6,094,017
Sanitary Services - 0.09%
Waste Management, Inc.	31,000		1,040,360
Semiconductors - 0.25%
Analog Devices, Inc.	46,000		1,357,920
Applied Materials, Inc.	33,300		649,683
Intel Corp.	41,400		876,852
			2,884,455
Software - 0.22%
Microsoft Corp.	87,000		2,469,060
Telecommunications Equipment &
Services - 0.20%
Alcatel-Lucent, SADR	107,600		619,776
Verizon Communications, Inc.	46,400		1,691,280
			2,311,056
Telephone - 0.50%
AT&T, Inc.	106,065		4,062,290
Qwest Communications International, Inc.	190,300		862,059

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

324

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Telephone (continued)
Sprint Nextel Corp.	115,700	$	774,033
			5,698,382
Tobacco - 0.08%
UST, Inc.	15,905		867,141
Toys, Amusements & Sporting Goods - 0.10%
Mattel, Inc.	57,100		1,136,290
Trucking & Freight - 0.06%
United Parcel Service, Inc., Class B	9,500		693,690
TOTAL COMMON STOCKS (Cost $181,784,907)		$	174,009,601
PREFERRED STOCKS - 0.30%
Automobiles - 0.03%
General Motors Corp., Series D, 1.50%	15,800		361,820
Banking - 0.04%
Bank of America Corp., Series L, 7.25%	425		439,025
Broadcasting - 0.02%
Spanish Broadcasting System, Series
B, 10.75%	281		196,700
Financial Services - 0.15%
Citigroup, Inc., Series T, 6.50%	10,375		492,605
Federal Home Loan Mortgage Corp.,
Series Z, 8.375%	8,000		195,200
Federal National Mortgage Association, 8.25%	6,575		158,129
Merrill Lynch & Company, Inc.	11		867,651
			1,713,585
Telecommunications Equipment &
Services - 0.06%
Lucent Technologies Capital Trust I, 7.75%	1,050		735,000
TOTAL PREFERRED STOCKS (Cost $4,019,291)		$	3,446,130
TERM LOANS - 0.98%
Auto Parts - 0.03%
Rental Service Corp., Series B3
7.50% due 11/27/2013	397,920		340,222
Broadcasting - 0.04%
NV Broadcasting
8.13% due 10/26/2013	498,750		426,431
Business Services - 0.08%
First Data Corp.
4.83% due 09/24/2014	998,125		901,277
Commercial Services - 0.06%
Aramark Corp., Tranche B
7.1981% due 01/26/2017	440,892		412,038
Education Management Corp.
6.625% due 06/01/2013	243,916		213,122
			625,160
Computers & Business Equipment - 0.06%
Palm, Inc.
8.33% due 04/24/2014	997,500		708,225

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Educational Services - 0.06%
Laureate Education
8.7288% due 08/17/2014	$	750,000	$	663,750
Energy - 0.20%
Dresser, Inc.
11.11% due 06/30/2009		1,000,000		938,330
Sandridge Energy Bank, Series B3
8.625% due 04/01/2015		1,000,000		930,000
8.8538% due 04/01/2014		500,000		465,000
				2,333,330
Financial Services - 0.04%
Local TV Finance LLC
6.25% due 05/07/2013		248,750		210,194
Pinnacle Foods Finance LLC
9.25% due 04/01/2015		250,000		220,000
				430,194
Food & Beverages - 0.02%
Outback, Series B
7.125% due 05/09/2014		241,175		199,573
Gas & Pipeline Utilities - 0.04%
Venoco, Inc., 2nd Lien
8.9375% due 05/08/2014		500,000		447,500
Healthcare Services - 0.04%
Iasis Healthcare Corp.
10.61% due 06/16/2011		527,175		479,729
Leisure Time - 0.05%
Fontainebleau Las Vegas
5.9654% due 06/06/2014		250,000		207,084
8.9481% due 05/31/2014		250,000		207,083
Town Sports
7.50% due 03/01/2014		248,125		204,703
				618,870
Medical-Hospitals - 0.06%
HCA, Inc.
5.17% due 11/18/2012		750,000		675,000
Paper - 0.04%
Newpage Corp.
3.44% due 04/30/2012		500,000		491,562
Publishing - 0.02%
Penton Media Bank, Series B1
7.4481% due 02/01/2013		248,125		192,297
Telecommunications Equipment &
Services - 0.14%
CSC Holdings, Inc.
6.875% due 05/02/2014		248,101		231,354
Telesat Canada
7.322% due 11/15/2014		500,000		465,312
Trilogy International Partners
8.33% due 06/27/2012		500,000		425,000
Wind Acquisition Finance SA, Series B
12.61% due 12/07/2011		569,612		504,107
				1,625,773
TOTAL TERM LOANS (Cost $12,160,196)			$	11,158,893

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

325

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 8.79%
Treasury Inflation Protected
Securities (d) - 0.17%
1.875% due 07/15/2013	$	1,120,363	$	1,208,417
2.00% due 07/15/2014		663,941		721,050
				1,929,467
U.S. Treasury Bonds - 4.40%
4.50% due 02/15/2036		3,487,000		3,602,235
4.75% due 02/15/2037		8,915,000		9,588,502
5.00% due 05/15/2037		53,000		59,290
5.375% due 02/15/2031		3,742,000		4,327,855
5.50% due 08/15/2028		1,624,000		1,882,825
6.00% due 02/15/2026		2,150,000		2,604,187
6.125% due 08/15/2029		2,599,000		3,254,231
6.25% due 05/15/2030		1,073,000		1,371,596
6.375% due 08/15/2027		3,670,000		4,670,075
7.125% due 02/15/2023		4,412,000		5,846,244
7.25% due 08/15/2022		2,265,000		3,026,783
7.625% due 02/15/2025		1,264,000		1,779,080
7.875% due 02/15/2021		3,111,000		4,314,083
8.875% due 08/15/2017 to 02/15/2019		2,659,000		3,850,327
				50,177,313
U.S. Treasury Notes - 4.16%
2.875% due 01/31/2013		9,630,000		9,796,892
3.375% due 11/30/2012		1,475,000		1,536,650
4.25% due 11/15/2014		12,095,000		13,225,133
4.375% due 12/15/2010		500,000		535,351
4.50% due 02/15/2009 to 05/15/2017		7,165,000		7,587,658
4.625% due 02/29/2012 to 07/31/2012		665,000		725,648
4.75% due 08/15/2017		7,630,000		8,441,878
4.875% due 06/30/2012		425,000		468,330
5.125% due 05/15/2016		4,505,000		5,132,182
				47,449,722
U.S. Treasury Strips - 0.06%
zero coupon due 05/15/2020		1,070,000		636,588
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $94,544,468)			$	100,193,090
U.S. GOVERNMENT AGENCY OBLIGATIONS - 23.11%
Federal Home Loan Bank - 0.17%
3.875% due 08/22/2008		400,000		402,258
5.125% due 08/14/2013		930,000		1,007,831
5.25% due 06/18/2014		510,000		556,724
				1,966,813
Federal Home Loan Mortgage Corp. - 2.87%
3.625% due 09/15/2008		400,000		402,258
4.125% due 10/18/2010		1,850,000		1,923,708
4.50% due 11/01/2018 to 06/01/2019		717,914		716,583
4.643% due 07/01/2035		131,349		132,571
4.705% due 02/01/2035		203,904		206,081
4.755% due 07/01/2035		69,059		69,876
5.00% due 01/01/2009 to 11/01/2035		4,406,447		4,383,533
5.049% due 11/01/2035		201,752		205,333
5.064% due 03/01/2036		623,069		632,711
5.128% due 07/15/2012 to 01/01/2036		3,702,504		3,905,974
5.153% due 09/01/2035		180,925		184,448
5.334% due 02/01/2037		1,616,453		1,641,095
5.35% due 04/01/2037		688,802		702,015

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
5.375% due 01/01/2036 to 05/01/2037	$	910,364	$	925,271
5.427% due 02/01/2038		489,817		496,228
5.462% due 02/01/2037		955,075		969,206
5.50% due 03/01/2018 to 04/01/2029		1,167,257		1,196,930
5.516% due 06/01/2037		888,035		902,519
5.534% due 10/01/2036		727,552		741,801
5.914% due 02/01/2037		1,249,679		1,273,061
5.924% due 01/01/2037		266,565		271,266
5.981% due 12/01/2036		1,424,707		1,444,189
6.00% due 06/15/2011 to 11/01/2036		4,483,585		4,686,401
6.035% due 10/01/2036		1,061,892		1,089,505
6.128% due 10/01/2036		748,392		760,425
6.216% due 08/01/2036		1,039,964		1,052,432
6.50% due 05/01/2017 to 01/01/2036		1,656,065		1,728,609
7.00% due 02/01/2024 to 06/01/2032		43,632		46,218
7.198% due 09/01/2032		10,251		10,302
7.50% due 05/01/2024 to 06/01/2024		4,694		5,092
10.50% due 05/01/2019		319		369
				32,706,010
Federal National Mortgage
Association - 8.65%
3.25% due 08/15/2008		660,000		662,021
3.816% due 10/01/2033		135,191		134,723
3.875% due 07/15/2008		400,000		401,833
4.375% due 09/15/2012 to 10/15/2015		1,185,000		1,232,111
4.50% due 05/01/2018 to 07/01/2035		7,625,268		7,573,043
4.50% TBA		500,000		497,187
4.582% due 07/01/2035		167,715		169,548
4.625% due 10/15/2014		660,000		698,592
4.801% due 09/01/2035 to 11/01/2035		762,639		767,641
4.875% due 12/15/2016		350,000		370,622
5.00% due 01/01/2009 to 02/01/2036		12,695,529		12,785,467
5.00% TBA		7,575,000		7,578,588
5.2212% due 02/17/2009		220,000		222,064
5.316% due 12/01/2035		180,356		182,273
5.343% due 12/01/2035		207,606		210,464
5.422% due 07/01/2027		1,532		1,537
5.45% due 09/01/2037		529,478		537,876
5.472% due 06/01/2037		166,380		170,834
5.50% due 07/01/2013 to 02/01/2037		29,330,593		29,775,458
5.533% due 12/01/2035		305,475		310,080
5.54% due 07/01/2036 to 01/01/2037		1,616,390		1,647,468
5.628% due 01/01/2019		922		921
5.647% due 12/01/2035		82,453		83,643
5.80% due 08/01/2037 to 11/01/2037		1,404,445		1,425,850
5.981% due 09/01/2036		394,430		400,135
5.988% due 08/01/2036		811,586		836,646
6.00% due 05/15/2011 to 02/01/2038		18,441,594		19,033,919
6.028% due 12/01/2036		537,495		549,902
6.375% due 06/15/2009		750,000		787,703
6.50% due 06/01/2013 to 11/01/2037		7,125,677		7,392,747
7.00% due 12/01/2029 to 04/01/2037		131,607		138,271
7.125% due 06/15/2010 to 01/15/2030		1,670,000		1,913,183
				98,492,350

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

326

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Government National Mortgage
Association - 11.42%
4.00% due 09/15/2018	$	463,320	$	456,178
4.50% due 10/15/2018 to 11/20/2035		2,217,373		2,169,876
5.00% due 01/15/2019 to 06/20/2036		23,920,444		23,927,689
5.00% TBA		2,775,000		2,774,134
5.50% due 11/15/2017 to 01/15/2038		38,440,340		39,273,065
5.50% TBA		2,202,000		2,206,707
6.00% due 11/15/2008 to 03/15/2038		38,710,502		40,006,871
6.00% TBA		47,358		48,971
6.50% due 07/15/2009 to 03/15/2038		15,389,362		16,040,863
6.50% TBA		1,720		1,799
7.00% due 04/15/2017 to 10/20/2036		3,021,154		3,221,640
9.25% due 10/15/2016 to 12/15/2019		6,252		6,904
9.50% due 06/15/2009 to 10/15/2009		2,358		2,448
9.75% due 07/15/2017 to 02/15/2021		5,629		6,703
10.25% due 05/15/2020 to 11/15/2020		3,886		4,678
11.75% due 08/15/2013		1,308		1,542
12.00% due 10/15/2010 to 01/15/2013		1,339		1,542
12.25% due 03/15/2014 to 07/20/2015		1,753		2,077
12.50% due 06/15/2010		3,075		3,401
12.75% due 12/20/2013 to 11/20/2014		1,367		1,618
				130,158,706
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $257,997,788)			$	263,323,879
FOREIGN GOVERNMENT OBLIGATIONS - 14.37%
Argentina - 0.25%
Republic of Argentina
0.63% due 12/31/2038	ARS	900,000		107,234
2.00% due 09/30/2014		1,487,147		464,722
5.83% due 12/31/2033		280,064		95,909
7.00% due 10/03/2015	$	1,900,000		1,453,500
7.00% due 04/17/2017		350,000		264,250
7.875% due 04/11/2011		250,000		245,000
8.28% due 12/31/2033		325,000		266,500
				2,897,115
Austria - 0.49%
Republic of Austria
4.00% due 07/15/2009	EUR	2,900,000		4,590,916
5.50% due 01/15/2010		548,000		891,723
6.25% due 07/15/2027		47,000		89,386
				5,572,025
Belgium - 0.31%
Kingdom of Belgium
3.00% due 03/28/2010		1,290,000		2,009,479
4.25% due 09/28/2013		93,000		149,086
5.00% due 03/28/2035		855,000		1,387,720
				3,546,285
Brazil - 0.97%
Federative Republic of Brazil
6.00% due 05/15/2015	BRL	2,930,000		2,644,738
7.125% due 01/20/2037	$	2,250,000		2,425,500
8.75% due 02/04/2025		475,000		581,875
8.875% due 10/14/2019		450,000		555,750
10.00% due 01/01/2012	BRL	2,449,000		1,298,301

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Brazil (continued)
Federative Republic of Brazil (continued)
10.00% due 01/01/2014	BRL	2,836,000	$	1,447,722
10.00% due 01/01/2017		4,271,000		2,085,817
				11,039,703
Canada - 0.20%
Government of Canada
5.75% due 06/01/2033	CAD	705,000		884,367
Province of Ontario
5.00% due 03/08/2014		1,329,000		1,385,477
				2,269,844
Colombia - 0.08%
Republic of Colombia
7.375% due 01/27/2017	$	300,000		331,800
7.375% due 09/18/2037		200,000		214,500
7.375% due 09/18/2037		350,000		374,500
12.00% due 10/22/2015	COP	40,000,000		22,832
				943,632
Denmark - 0.06%
Kingdom of Denmark
5.00% due 11/15/2013	DKK	2,438,000		544,454
7.00% due 11/10/2024		351,000		95,948
				640,402
Ecuador - 0.03%
Republic of Ecuador
10.00% due 08/15/2030	$	350,000		338,625
Egypt - 0.02%
Republic of Egypt
zero coupon due 10/21/2008	EGP	625,000		109,840
8.75% due 07/18/2012		500,000		94,416
				204,256
France - 0.90%
Government of France
3.75% due 01/12/2012	EUR	2,860,000		4,511,790
4.25% due 10/25/2017		635,000		1,011,100
4.75% due 10/25/2012		183,000		300,277
5.00% due 10/25/2016		440,000		742,851
5.50% due 04/25/2029		359,000		631,910
5.75% due 10/25/2032		1,640,000		2,995,644
				10,193,572
Gabon - 0.05%
Republic of Gabon
8.20% due 12/12/2017	$	500,000		525,500
Germany - 0.71%
Federal Republic of Germany
3.50% due 01/04/2016	EUR	160,000		246,719
4.00% due 01/04/2037		1,484,000		2,139,386
4.25% due 10/12/2012		35,000		56,724
4.25% due 01/04/2014		401,000		651,488
4.25% due 07/04/2014		24,000		38,994
4.75% due 07/04/2028		120,000		194,989
4.75% due 07/04/2034		720,000		1,168,129
5.25% due 01/04/2011		2,145,000		3,537,112
				8,033,541

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

327

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Ghana - 0.06%
Republic of Ghana
8.50% due 10/04/2017	$	700,000	$	731,720
Greece - 0.12%
Republic of Greece
5.25% due 05/18/2012	EUR	830,000		1,366,471
Grenada - 0.01%
Government of Grenada
1.00 due 09/15/2025	$	230,000		124,200
Hungary - 0.32%
Republic of Hungary
5.50% due 02/12/2014	HUF	350,250,000		1,773,660
6.75% due 02/24/2017		144,410,000		761,051
7.25% due 06/12/2012		188,440,000		1,054,633
				3,589,344
Indonesia - 0.19%
Republic of Indonesia
6.625% due 02/17/2037	$	600,000		552,750
6.625% due 02/17/2037		100,000		93,133
6.875% due 03/09/2017		680,000		712,816
7.75% due 01/17/2038		400,000		415,757
9.50% due 06/15/2015	IDR	2,500,000,000		252,068
10.25% due 07/15/2022		1,500,000,000		143,473
				2,169,997
Iraq - 0.14%
Republic of Iraq
5.80% due 01/15/2028	$	2,250,000		1,580,625
Ireland - 0.01%
Republic of Ireland
4.00% due 04/18/2010	EUR	92,000		145,671
Italy - 0.86%
Republic of Italy
4.00% due 02/01/2037		1,470,000		1,987,662
4.25% due 08/01/2014		1,542,000		2,469,851
5.25% due 09/20/2016	$	450,000		494,110
5.25% due 08/01/2017	EUR	1,210,000		2,048,381
5.50% due 11/01/2010		1,600,000		2,628,983
7.25% due 11/01/2026		73,000		149,610
				9,778,597
Jamaica - 0.09%
Government of Jamaica
9.00% due 06/02/2015	$	185,000		200,263
10.625% due 06/20/2017		732,000		865,590
				1,065,853
Japan - 3.16%
Government of Japan
1.00% due 06/10/2016	JPY	180,207,400		1,791,588
1.10% due 12/10/2016		190,780,800		1,911,062
1.30% due 12/20/2013		480,350,000		4,960,341
1.40% due 03/21/2011		305,250,000		3,129,217
1.40% due 03/20/2012		187,400,000		1,930,720
1.40% due 03/20/2018		211,350,000		2,143,536
1.50% due 06/20/2012		501,950,000		5,198,894
1.70% due 09/20/2016		581,150,000		6,130,608
1.90% due 12/20/2010		33,450,000		346,990

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Japan (continued)
Government of Japan (continued)
2.00% due 06/20/2022	JPY	61,100,000	$	640,231
2.00% due 12/20/2033		164,150,000		1,541,212
2.20% due 06/22/2020		24,200,000		261,122
3.75% due 03/20/2025		419,400,000		4,203,294
9.61% due 12/20/2012		177,050,000		1,798,097
				35,986,912
Lebanon - 0.00%
Government of Lebanon
8.25% due 04/12/2021	$	50,000		46,222
Malaysia - 0.41%
Government of Malaysia
zero coupon due 04/04/2008	MYR	660,000		206,269
3.702% due 02/25/2013		6,715,000		2,119,740
3.70% due 05/15/2013		1,060,000		334,026
3.756% due 04/28/2011		6,210,000		1,959,032
				4,619,067
Mexico - 1.39%
Government of Mexico
5.625% due 01/15/2017	$	530,000		557,030
5.625% due 01/15/2017		700,000		736,295
7.50% due 06/03/2027	MXN	7,500,000		692,584
7.75% due 12/14/2017		13,100,000		1,256,118
8.00% due 12/24/2008		5,530,000		521,577
8.00% due 12/17/2015		47,430,000		4,607,187
8.00% due 12/19/2013		23,575,000		2,276,482
8.125% due 12/30/2019	$	55,000		69,300
9.00% due 12/22/2011	MXN	20,250,000		2,007,353
9.00% due 12/20/2012		20,300,000		2,029,666
9.00% due 12/24/2009		7,050,000		680,639
9.50% due 12/18/2014		4,180,000		435,998
				15,870,229
Netherlands - 0.72%
Kingdom of Netherlands
4.50% due 07/15/2017	EUR	2,035,000		3,321,740
5.00% due 07/15/2011		2,831,000		4,646,115
5.50% due 01/15/2028		132,000		232,095
				8,199,950
Philippines - 0.07%
Republic of Philippines
7.75% due 01/14/2031	$	375,000		418,575
7.75% due 01/14/2031		100,000		113,875
10.625% due 03/16/2025		155,000		216,225
				748,675
Poland - 0.44%
Republic of Poland
5.25% due 10/25/2017	PLN	348,000		148,495
6.00% due 05/24/2009		8,504,000		3,806,093
6.25% due 10/24/2015		2,415,000		1,097,239
				5,051,827
Portugal - 0.02%
Republic of Portugal
5.15% due 06/15/2011	EUR	114,000		186,217

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

328

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Russia - 0.19%
Government of Russia
7.50% due 03/31/2030	$	1,834,470	$	2,112,392
Serbia - 0.14%
Republic of Serbia
3.75 due 11/01/2024		1,761,000		1,611,315
Singapore - 0.11%
Government of Singapore
4.375% due 01/15/2009	SGD	1,666,000		1,242,708
South Africa - 0.15%
Republic of South Africa
5.875% due 05/30/2022	$	400,000		376,053
6.50% due 06/02/2014		575,000		598,719
13.00% due 08/31/2010	ZAR	3,296,000		434,198
13.50% due 09/15/2015		1,950,000		294,539
				1,703,509
Spain - 0.19%
Kingdom of Spain
4.00% due 01/31/2010	EUR	45,000		71,380
5.50% due 03/08/2011	AUD	1,280,000		1,116,953
5.75% due 07/30/2032	EUR	563,000		1,017,486
				2,205,819
Sweden - 0.18%
Kingdom of Sweden
3.75% due 08/12/2017	SEK	1,660,000		274,848
5.125% due 03/01/2017	$	425,000		454,283
5.25% due 03/15/2011	SEK	7,545,000		1,320,472
				2,049,603
Turkey - 0.72%
Republic of Turkey
6.875% due 03/17/2036	$	800,000		709,600
7.00% due 06/05/2020		428,000		421,580
7.375% due 02/05/2025		35,000		34,737
8.00% due 02/14/2034		250,000		256,250
8.00% due 02/14/2034		188,000		192,531
10.00% due 02/15/2012	TRY	980,000		791,389
14.00% due 01/19/2011		2,786,129		1,938,785
14.00% due 09/26/2012		2,530,000		1,764,344
16.00% due 03/07/2012		3,015,000		2,125,165
				8,234,381
United Kingdom - 0.54%
Government of United Kingdom
4.25% due 06/07/2032	GBP	2,525,000		4,844,870
4.75% due 06/07/2010		655,000		1,323,020
				6,167,890
Uruguay - 0.01%
Republic of Uruguay
4.25% due 04/05/2027	UYU	2,750,000		136,081
Venezuela - 0.06%
Republic of Venezuela
7.00% due 03/31/2038	$	1,050,000		729,750
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $150,380,230)			$	163,659,525

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS - 25.13%
Advertising - 0.17%
Lamar Media Corp.
6.625% due 08/15/2015	$	700,000	$	616,000
Lamar Media Corp., Series C
6.625% due 08/15/2015		200,000		176,000
R.H. Donnelley Corp.
8.875% due 10/15/2017		625,000		390,625
R.H. Donnelley Corp., Series A-2
6.875% due 01/15/2013		1,175,000		716,750
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		125,000		79,063
				1,978,438
Aerospace - 0.27%
Boeing Company
8.75% due 08/15/2021		45,000		59,678
GenCorp, Inc.
9.50% due 08/15/2013		725,000		719,563
Lockheed Martin Corp.
4.121% due 03/14/2013		580,000		580,833
Northrop Grumman Corp.
7.125% due 02/15/2011		680,000		735,453
7.75% due 03/01/2016		30,000		35,474
Rolls-Royce Group PLC, EMTN
4.50% due 03/16/2011	EUR	50,000		78,522
TransDigm, Inc.
7.75% due 07/15/2014	$	375,000		375,000
United Technologies Corp.
4.375% due 05/01/2010		250,000		256,276
5.375% due 12/15/2017		120,000		123,109
5.40% due 05/01/2035		100,000		94,554
				3,058,462
Agriculture - 0.07%
Bunge, Ltd.
4.375% due 12/15/2008		305,000		306,658
5.90% due 04/01/2017		455,000		457,201
				763,859
Air Travel - 0.06%
Air Jamaica, Ltd.
9.375% due 07/08/2015		50,000		52,375
Continental Airlines, Inc.
8.75% due 12/01/2011		475,000		369,312
Delta Air Lines, Inc.
6.821% due 08/10/2022		126,469		118,881
Southwest Airlines Company
6.50% due 03/01/2012		160,000		165,367
				705,935
Aluminum - 0.02%
Novelis, Inc.
7.25% due 02/15/2015		275,000		243,375
Apparel & Textiles - 0.06%
Federated Department Stores, Inc.
6.625% due 09/01/2008		100,000		100,464
INVISTA
9.25% due 05/01/2012		475,000		485,688
Polo Ralph Lauren Corp.
4.50% due 10/04/2013	EUR	50,000		75,248
				661,400

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

329

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Auto Parts - 0.30%
Accuride Corp.
8.50% due 02/01/2015	$	425,000	$	346,375
Allison Transmission, Inc.
11.25% due 11/01/2015		1,025,000		850,750
Commercial Vehicle Group, Inc.
8.00% due 07/01/2013		125,000		102,500
Goodyear Tire & Rubber Company
8.625% due 12/01/2011		488,000		511,790
Tenneco Automotive, Inc.
8.625% due 11/15/2014		550,000		540,375
TRW Automotive, Inc.
7.00% due 03/15/2014		125,000		115,312
7.25% due 03/15/2017		775,000		705,250
United Components, Inc.
9.375% due 06/15/2013		250,000		229,063
				3,401,415
Auto Services - 0.28%
AutoNation, Inc.
6.2575% due 04/15/2013		175,000		143,500
7.00% due 04/15/2014		50,000		44,375
ERAC USA Finance Company
5.60% due 05/01/2015		205,000		182,860
7.95% due 12/15/2009		360,000		379,875
Hertz Corp.
8.875% due 01/01/2014		750,000		710,625
10.50% due 01/01/2016		350,000		327,687
KAR Holdings, Inc.
7.2394% due 05/01/2014		250,000		206,250
10.00% due 05/01/2015		675,000		583,875
United Rentals North America, Inc.
6.50% due 02/15/2012		475,000		429,875
7.75% due 11/15/2013		225,000		183,375
				3,192,297
Automobiles - 0.20%
DaimlerChrysler N.A. Holding Corp., EMTN
4.375% due 03/21/2013	EUR	100,000		152,973
DaimlerChrysler N.A. Holding Corp., MTN
3.5618% due 08/03/2009	$	660,000		649,741
DaimlerChrysler NA Holding Corp.
6.50% due 11/15/2013		355,000		374,201
Fiat Finance & Trade, Ltd.
6.625% due 02/15/2013	EUR	55,000		84,273
General Motors Corp.
7.20% due 01/15/2011	$	550,000		459,250
7.70% due 04/15/2016		425,000		310,250
8.375% due 07/05/2033	EUR	80,000		84,621
United Auto Group, Inc.
7.75% due 12/15/2016	$	150,000		129,750
				2,245,059
Banking - 1.97%
American Express Centurion Bank
4.375% due 07/30/2009		300,000		300,522
ATF Bank
9.00% due 05/11/2016		150,000		145,425
Australia & New Zealand Banking Group, Ltd.,
EMTN
4.45% due 02/05/2015	EUR	83,000		128,545

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
BAC Capital Trust VI
5.625% due 03/08/2035	$	463,000	$	388,724
Banca Intesa SpA, EMTN
5.85% due 05/08/2014	EUR	65,000		103,794
Banca Monte dei Paschi di Siena SpA, EMTN
4.50% due 09/24/2015		70,000		107,724
4.875% due 05/31/2016		50,000		71,574
Bank of America Corp.
4.375% due 12/01/2010	$	200,000		203,463
4.50% due 08/01/2010		150,000		153,004
5.75% due 08/15/2016		205,000		209,107
6.00% due 09/01/2017		630,000		662,364
7.40% due 01/15/2011		50,000		53,541
Bank of America Corp., EMTN
4.625% due 02/18/2014	EUR	110,000		168,478
Bank of Ireland
6.45% due 02/10/2010		47,000		75,566
Bank of New York Mellon Corp., MTN
4.50% due 04/01/2013	$	365,000		367,589
Bank One Corp.
5.25% due 01/30/2013		180,000		183,685
5.90% due 11/15/2011		50,000		53,046
7.875% due 08/01/2010		350,000		374,014
Banque du Liban, EMTN
10.00% due 04/25/2015		250,000		262,813
Barclays Bank PLC
7.40% due 12/15/2009		300,000		319,881
Barclays Bank PLC, EMTN
5.75% due 03/08/2011	EUR	85,000		136,459
BB&T Capital Trust II
6.75% due 06/07/2036	$	190,000		164,802
BNP Paribas, EMTN
5.25% due 12/17/2012	EUR	120,000		192,240
Credit Agricole SA
6.637% due 12/31/2049	$	330,000		255,631
Credit Agricole SA, EMTN
5.971% due 02/01/2018	EUR	100,000		159,912
Credit Agricole SA, Series TSDI
5 due 06/20/2049	GBP	130,000		203,684
Credit Suisse Group Finance Guernsey, Ltd.
6.375% due 06/07/2013	EUR	70,000		113,873
Danske Bank A/S, EMTN
6.00% due 03/20/2016		75,000		117,420
Deutsche Bank AG
5.125% due 01/31/2013		40,000		63,055
Deutsche Genossenschafts-Hypothekenbank AG,
EMTN
4.00% due 10/31/2016		2,000,000		3,091,149
Eurohypo AG
4.50% due 01/21/2013		750,000		1,205,891
Fifth Third Bancorp
8.25% due 03/01/2038	$	150,000		152,846
Fortis Bank SA/NV, EMTN
5.757% due 10/04/2017	EUR	75,000		116,521
HBOS PLC
6.00% due 11/01/2033	$	390,000		336,306
6.05% due 11/23/2049	EUR	70,000		101,990
HBOS PLC, EMTN
4.375% due 10/30/2019		93,000		125,348

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

330

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
HSBC Bank PLC, EMTN
4.25% due 03/18/2016	EUR	79,000	$	119,729
HSBC Bank USA, Inc.
4.625% due 04/01/2014	$	100,000		96,471
HSBC Capital Funding LP
8.03% due 12/29/2049	EUR	25,000		40,187
HSBC Holdings PLC
6.50% due 05/02/2036	$	170,000		164,460
9.875% due 04/08/2018	GBP	120,000		265,747
Hypothekenbank in Essen AG
3.785% due 11/21/2013	EUR	789,000		1,229,159
3.875% due 11/21/2013		981,000		1,527,875
Independence Community Bank Corp.
3.75% due 04/01/2014	$	15,000		14,627
ING Bank NV, EMTN
5.50% due 01/04/2012	EUR	70,000		113,141
Intesabci Capital Trust
6.988% due 07/29/2049		55,000		86,551
Islandsbanki HF
4.4175% due 10/15/2008	$	175,000		174,974
KeyCorp, MTNG
4.70% due 05/21/2009		40,000		40,254
Kreditanstalt fuer Wiederaufbau
4.70% due 06/02/2037	CAD	430,000		423,341
Kreditanstalt fuer Wiederaufbau, EMTN
7.375% due 01/27/2010	NGN	50,000,000		418,443
8.50% due 01/18/2011		35,000,000		302,716
Kreditanstalt fuer Wiederaufbau, MTN
5.50% due 07/25/2016	AUD	1,040,000		864,598
Kreditanstalt fuer Wiederaufbau, Series EXCH
5.50% due 12/07/2015	GBP	450,000		938,788
Landwirtschaftliche Rentenbank, Series 7
3.75% due 06/15/2009	$	95,000		96,655
Lloyds TSB Group PLC
6.267% due 12/31/2049		315,000		241,599
Marshall & Ilsley Bank, MTN
5.15% due 02/22/2012		250,000		247,557
NCNB Corp.
9.375% due 09/15/2009		340,000		367,072
Nordea Bank Finland PLC, EMTN
5.75% due 03/26/2014	EUR	50,000		78,976
Northern Trust Company, BKNT
4.60% due 02/01/2013	$	100,000		102,787
Northern Trust Corp.
5.30% due 08/29/2011		141,000		149,904
PNC Funding Corp.
5.625% due 02/01/2017		195,000		185,791
7.50% due 11/01/2009		75,000		78,779
Rabobank Nederland, EMTN
3.125% due 07/19/2010	EUR	70,000		107,880
Royal Bank of Scotland PLC, EMTN
6.00% due 05/10/2013		40,000		64,858
6.00 due 06/29/2049	GBP	130,000		230,682
Sanpaolo IMI SpA, EMTN
3.75% due 06/09/2015	EUR	57,000		87,437
Santander Issuances S.A. Unipersonal, EMTN
4.75% due 05/29/2019		100,000		145,094
Shinsei Bank, Ltd.
3.75% due 02/23/2016		80,000		112,520

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Standard Chartered Bank, EMTN
3.625% due 02/03/2017	EUR	110,000	$	158,590
Sumitomo Mitsui Banking Corp.
4.375% due 07/29/2049		100,000		120,758
5.625% due 07/29/2049	$	200,000		169,164
SunTrust Banks, Inc.
7.75% due 05/01/2010		250,000		262,760
Svenska Handelsbanken, EMTN
6.125% due 03/29/2049	GBP	47,000		91,926
UniCredito Italiano SpA, EMTN
6.10% due 02/28/2012	EUR	90,000		146,300
US Bancorp, MTNP
4.50% due 07/29/2010	$	160,000		166,125
US Bank NA, BKNT
6.375% due 08/01/2011		450,000		487,227
Wachovia Corp.
4.375% due 08/01/2016	EUR	50,000		66,030
4.375% due 08/01/2016		50,000		66,713
5.75% due 02/01/2018	$	250,000		246,144
6.40% due 04/01/2008		100,000		100,000
Westpac Banking Corp.
2.875% due 06/25/2008	EUR	20,000		31,394
Westpac Banking Corp., EMTN
4.875% due 09/28/2012		100,000		156,836
World Savings Bank FSB, BKNT
4.125% due 12/15/2009	$	180,000		183,736
				22,442,341
Biotechnology - 0.08%
Biogen Idec, Inc.
6.00% due 03/01/2013		440,000		445,189
Genentech, Inc.
4.40% due 07/15/2010		360,000		370,546
4.75% due 07/15/2015		140,000		140,637
				956,372
Broadcasting - 0.53%
Allbritton Communications Company
7.75% due 12/15/2012		750,000		735,000
Barrington Broadcasting Group LLC
10.50% due 08/15/2014		250,000		222,500
Bonten Media Acquisition Company
9.00% due 06/01/2015		225,000		173,250
British Sky Broadcasting Group PLC
6.10% due 02/15/2018		490,000		488,880
Canadian Satellite Radio Holdings, Inc.
12.75% due 02/15/2014		225,000		212,062
CanWest Media, Inc.
8.00% due 09/15/2012		375,000		356,250
Clear Channel Communications, Inc.
4.25% due 05/15/2009		275,000		266,750
6.25% due 03/15/2011		1,275,000		1,125,187
LIN Television Corp.
2.50% due 05/15/2033		68,000		66,895
News America, Inc.
6.15% due 03/01/2037		600,000		566,779
6.20% due 12/15/2034		190,000		180,953
6.40% due 12/15/2035		200,000		194,104
6.65% due 11/15/2037		425,000		428,608
7.375% due 10/17/2008		110,000		111,434

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

331

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Broadcasting (continued)
Time Warner Cable, Inc.
5.40% due 07/02/2012	$	825,000	$	810,589
Viacom, Inc.
5.75% due 04/30/2011		85,000		85,905
XM Satellite Radio, Inc.
9.75% due 05/01/2014		25,000		24,125
				6,049,271
Building Materials & Construction - 0.31%
Associated Materials, Inc.
zero coupon, Step up to 11.25% on
03/01/2009 due 03/01/2014		275,000		187,687
Builders FirstSource, Inc.
7.315% due 02/15/2012		350,000		245,000
Cemex Finance Europe BV
4.75% due 03/05/2014	EUR	50,000		67,626
Columbus McKinnon Corp.
8.875% due 11/01/2013	$	560,000		579,600
CRH America, Inc.
5.30% due 10/15/2013		140,000		136,444
6.00% due 09/30/2016		240,000		228,358
6.40% due 10/15/2033		55,000		47,169
Esco Corp.
6.675% due 12/15/2013		175,000		150,500
8.625% due 12/15/2013		600,000		582,000
HeidelbergCement Finance BV, EMTN
6.375% due 01/25/2012	EUR	60,000		94,048
Lafarge SA
6.15% due 07/15/2011	$	130,000		132,619
Linde Finance BV, EMTN
4.75% due 04/24/2017	EUR	100,000		147,653
Obrascon Huarte Lain SA
5.00% due 05/18/2012		100,000		148,761
Owens Corning, Inc.
6.50% due 12/01/2016	$	115,000		95,336
Texas Industries, Inc.
7.25% due 07/15/2013		475,000		461,938
US Concrete, Inc.
8.375% due 04/01/2014		225,000		176,625
				3,481,364
Business Services - 0.48%
Affinity Group, Inc.
9.00% due 02/15/2012		325,000		300,219
10.875% due 02/15/2012		123,588		112,464
Deluxe Corp.
7.375% due 06/01/2015		450,000		419,625
Dun & Bradstreet Corp.
5.50% due 03/15/2011		120,000		124,781
First Data Corp.
9.875% due 09/24/2015		1,850,000		1,521,625
FTI Consulting, Inc.
7.625% due 06/15/2013		350,000		358,750
7.75% due 10/01/2016		250,000		258,750
Manpower, Inc., EMTN
4.75% due 06/14/2013	EUR	50,000		74,423
Mobile Services Group, Inc./ Mobile Storage
Group, Inc.
9.75% due 08/01/2014	$	550,000		519,750

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Business Services (continued)
Nebraska Book Company, Inc.
8.625% due 03/15/2012	$	700,000	$	626,500
Sungard Data Systems, Inc.
9.125% due 08/15/2013		1,102,000		1,113,020
				5,429,907
Cable & Television - 0.70%
AT&T Broadband Corp.
8.375% due 03/15/2013		431,000		478,768
Comcast Cable Communications, Inc.
6.75% due 01/30/2011		225,000		233,924
Comcast Corp.
5.875% due 02/15/2018		440,000		428,576
6.95% due 08/15/2037		232,000		232,465
Cox Communications, Inc.
7.125% due 10/01/2012		199,000		210,750
Cox Enterprises, Inc.
4.375% due 05/01/2008		115,000		115,039
CSC Holdings, Inc.
7.25% due 07/15/2008		250,000		250,000
7.625% due 07/15/2018		75,000		68,437
CSC Holdings, Inc., Series B
8.125% due 07/15/2009		200,000		202,000
DirecTV Holdings LLC
8.375% due 03/15/2013		625,000		633,594
EchoStar DBS Corp.
5.75% due 10/01/2008		15,000		14,925
6.625% due 10/01/2014		250,000		227,500
7.00% due 10/01/2013		150,000		141,375
Historic TW, Inc.
6.875% due 06/15/2018		275,000		275,860
ITV PLC, EMTN
4.75% due 10/03/2011	EUR	60,000		88,263
Kabel Deutschland GmbH
10.625% due 07/01/2014	$	375,000		367,969
Mediacom Broadband LLC
8.50% due 10/15/2015		550,000		462,000
Rainbow National Services LLC
8.75% due 09/01/2012		75,000		76,687
Rogers Cable, Inc.
5.50% due 03/15/2014		140,000		132,123
Shaw Communications, Inc.
8.25% due 04/11/2010		100,000		104,250
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012		1,100,000		1,111,000
Superior Essex Communications &
Essex Group, Inc.
9.00% due 04/15/2012		250,000		240,625
Time Warner Entertainment Company LP
7.25% due 09/01/2008		295,000		298,403
Time Warner, Inc.
5.50% due 11/15/2011		275,000		273,047
Univision Communications, Inc.
9.75% due 03/15/2015		550,000		332,750
Viacom, Inc.
6.125% due 10/05/2017		150,000		146,264
6.25% due 04/30/2016		295,000		287,162
Videotron Ltee.
6.375% due 12/15/2015		100,000		87,500

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

332

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cable & Television (continued)
Videotron Ltee. (continued)
6.875% due 01/15/2014	$	485,000	$	447,412
				7,968,668
Cellular Communications - 0.49%
America Movil SAB de CV
5.625% due 11/15/2017		395,000		390,503
6.375% due 03/01/2035		473,000		457,744
8.46% due 12/18/2036	MXN	1,000,000		93,097
American Tower Corp.
3.00% due 08/15/2012	$	175,000		344,094
7.125% due 10/15/2012		160,000		163,600
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		350,000		380,698
Centennial Communications Corp.
10.00% due 01/01/2013		525,000		488,250
10.125% due 06/15/2013		200,000		197,500
Cricket Communications, Inc.
9.375% due 11/01/2014		1,025,000		971,187
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		1,175,000		1,081,000
Rogers Wireless, Inc.
6.375% due 03/01/2014		520,000		515,560
7.50% due 03/15/2015		160,000		168,097
Telefonaktiebolaget LM Ericsson, EMTN
5.375% due 06/27/2017	EUR	80,000		109,093
Vodafone Group PLC
5.625% due 02/27/2017	$	275,000		267,397
				5,627,820
Chemicals - 0.22%
E.I. Du Pont de Nemours & Company
5.60% due 12/15/2036		285,000		267,605
Hercules, Inc.
6.75% due 10/15/2029		250,000		235,000
Ineos Group Holdings PLC
8.50% due 02/15/2016		400,000		311,000
Koppers Holdings, Inc.
zero coupon due 11/15/2014		650,000		563,875
Koppers, Inc.
9.875% due 10/15/2013		149,000		156,450
Lubrizol Corp.
4.625% due 10/01/2009		55,000		55,200
5.875% due 12/01/2008		180,000		182,655
Nalco Company
7.75% due 11/15/2011		300,000		303,750
Terra Capital, Inc., Series B
7.00% due 02/01/2017		425,000		419,156
				2,494,691
Coal - 0.13%
Alpha Natural Resources LLC
10.00% due 06/01/2012		500,000		522,500
Foundation PA Coal Company
7.25% due 08/01/2014		450,000		445,500
International Coal Group, Inc.
10.25% due 07/15/2014		100,000		95,750
Peabody Energy Corp.
7.375% due 11/01/2016		375,000		388,125
				1,451,875

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Commercial Services - 0.13%
Aramak Services, Inc.
6.7394% due 02/01/2015	$	300,000	$	264,750
Aramark Corp.
5.00% due 06/01/2012		400,000		348,000
Mac-Gray Corp.
7.625% due 08/15/2015		525,000		498,750
Rental Service Corp.
9.50% due 12/01/2014		425,000		354,875
Rentokil Initial PLC, EMTN
4.625% due 03/27/2014	EUR	50,000		68,446
				1,534,821
Computers & Business Equipment - 0.11%
Cisco Systems, Inc.
5.25% due 02/22/2011	$	250,000		260,971
Hewlett-Packard Company
4.50% due 03/01/2013		220,000		223,187
5.25% due 03/01/2012		250,000		261,253
International Business Machines Corp
4.75% due 11/29/2012		50,000		51,748
Unisys Corp.
6.875% due 03/15/2010		175,000		164,500
12.50% due 01/15/2016		275,000		269,500
Xerox Corp.
5.50% due 05/15/2012		35,000		35,295
				1,266,454
Construction & Mining Equipment - 0.01%
Terex Corp.
7.375% due 01/15/2014		100,000		99,000
Containers & Glass - 0.40%
AEP Industries, Inc.
7.875% due 03/15/2013		400,000		364,000
Ball Corp.
6.875% due 12/15/2012		625,000		635,937
Berry Plastics Holding Corp.
6.675% due 09/15/2014		150,000		118,500
8.875% due 09/15/2014		125,000		109,063
BWAY Corp.
10.00% due 10/15/2010		525,000		505,312
Clondalkin Acquisition BV
6.9906% due 12/15/2013		275,000		225,500
Owens-Brockway Glass Container, Inc.
6.75% due 12/01/2014		525,000		522,375
8.25% due 05/15/2013		350,000		362,250
Plastipak Holdings, Inc.
8.50% due 12/15/2015		375,000		341,250
Sealed Air Corp.
5.375% due 04/15/2008		200,000		200,117
Silgan Holdings, Inc.
6.75% due 11/15/2013		375,000		350,625
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		400,000		336,000
8.375% due 07/01/2012		400,000		362,000
Stone Container Finance
7.375% due 07/15/2014		125,000		103,750
				4,536,679

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

333

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Crude Petroleum & Natural Gas - 0.81%
Amerada Hess Corp.
7.375% due 10/01/2009	$	65,000	$	69,372
AmeriGas Partners LP
7.125% due 05/20/2016		25,000		24,500
7.25% due 05/20/2015		825,000		812,625
Atlantic Richfield Corp.
9.125% due 03/01/2011		95,000		110,533
Canadian Natural Resources, Ltd.
6.25% due 03/15/2038		240,000		230,198
Chesapeake Energy Corp.
6.375% due 06/15/2015		25,000		24,250
6.50% due 08/15/2017		1,505,000		1,452,325
6.875% due 01/15/2016		25,000		24,750
6.875% due 11/15/2020		475,000		460,750
Compton Petroleum Finance Corp.
7.625% due 12/01/2013		600,000		574,500
Denbury Resources, Inc.
7.50% due 04/01/2013		225,000		230,062
7.50% due 12/15/2015		400,000		409,000
EnCana Corp.
4.60% due 08/15/2009		240,000		241,845
6.50% due 08/15/2034		270,000		272,255
Encore Acquisition Company
7.25% due 12/01/2017		525,000		501,375
Energy Partners, Ltd.
9.75% due 04/15/2014		300,000		247,500
Hess Corp.
6.65% due 08/15/2011		350,000		376,822
7.875% due 10/01/2029		359,000		426,040
Hilcorp Energy I LP
7.75% due 11/01/2015		675,000		632,812
OPTI Canada, Inc.
7.875% due 12/15/2014		515,000		503,413
8.25% due 12/15/2014		175,000		173,250
Petrobras International Finance Company
5.875% due 03/01/2018		280,000		269,513
PetroHawk Energy Corp.
9.125% due 07/15/2013		625,000		642,187
Southern Natural Gas Company
5.90% due 04/01/2017		98,000		95,798
Southwestern Energy Company
7.50% due 02/01/2018		425,000		439,875
W&T Offshore, Inc.
8.25% due 06/15/2014		25,000		23,187
				9,268,737
Domestic Oil - 0.48%
ConocoPhillips Company
5.30% due 04/15/2012		270,000		285,009
5.90% due 10/15/2032		100,000		102,222
Devon Financing Corp., ULC
6.875% due 09/30/2011		683,000		745,482
7.875% due 09/30/2031		335,000		411,622
Diamond Offshore Drilling, Inc.
4.875% due 07/01/2015		220,000		217,673
5.15% due 09/01/2014		375,000		379,453
EOG Resources, Inc.
5.875% due 09/15/2017		195,000		204,426

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Domestic Oil (continued)
Forest Oil Corp.
7.25% due 06/15/2019	$	700,000	$	712,250
8.00% due 12/15/2011		400,000		417,000
Marathon Oil Corp.
5.90% due 03/15/2018		430,000		432,236
6.00% due 10/01/2017		240,000		243,466
6.60% due 10/01/2037		80,000		79,485
Range Resources Corp.
6.375% due 03/15/2015		625,000		612,500
7.50% due 05/15/2016		25,000		25,625
7.50% due 10/01/2017		450,000		461,250
Valero Energy Corp.
3.50% due 04/01/2009		100,000		99,367
				5,429,066
Drugs & Health Care - 0.03%
AstraZeneca PLC, EMTN
5.125% due 01/15/2015	EUR	55,000		87,769
Wyeth
5.95% due 04/01/2037	$	205,000		200,296
				288,065
Educational Services - 0.09%
AAC Group Holding Corp.
zero coupon, Step up to 10.25% on
10/01/2008 due 10/01/2012		200,000		162,000
Education Management Corp.
8.75% due 06/01/2014		450,000		380,250
10.25% due 06/01/2016		625,000		496,875
				1,039,125
Electrical Equipment - 0.03%
General Cable Corp.
7.125% due 04/01/2017		225,000		214,875
7.6056% due 04/01/2015		175,000		150,938
				365,813
Electrical Utilities - 1.35%
AES Corp.
8.875% due 02/15/2011		300,000		314,250
9.375% due 09/15/2010		100,000		105,750
Alabama Power Company
3.2825% due 08/25/2009		110,000		109,578
Alabama Power Company, Series 07-D
4.85% due 12/15/2012		300,000		309,539
Appalachian Power Company
6.375% due 04/01/2036		160,000		147,192
Baltimore Gas & Electric Company
5.90% due 10/01/2016		285,000		281,634
Black Hills Corp.
6.50% due 05/15/2013		225,000		231,709
CenterPoint Energy Transition Bond Company,
LLC, Series A-2
4.97% due 08/01/2014		150,000		155,430
CenterPoint Energy, Inc., Series B
5.875% due 06/01/2008		95,000		95,145
7.25% due 09/01/2010		175,000		185,969
CMS Energy Corp.
8.50% due 04/15/2011		25,000		26,554
Consumers Energy Company
5.80% due 09/15/2035		100,000		88,389

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

334

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
E.ON International Finance BV, EMTN
5.125% due 10/02/2012	EUR	55,000	$	88,323
Edison SpA, EMTN
5.125% due 12/10/2010		45,000		71,596
El Paso Electric Company
6.00% due 05/15/2035	$	245,000		217,201
Elia System Operator SA
4.75% due 05/13/2014	EUR	61,000		95,214
Enbw International Finance BV, EMTN
5.875% due 02/28/2012		35,000		57,901
Energy Future Holdings Corp.
10.875% due 11/01/2017	$	1,375,000		1,388,750
11.25% due 11/01/2017		2,425,000		2,400,750
Entergy Louisiana LLC
5.83% due 11/01/2010		30,000		29,997
Florida Power Corp.
6.35% due 09/15/2037		230,000		239,003
Illinois Power Company
6.125% due 11/15/2017		120,000		118,662
Jersey Central Power & Light Company
5.65% due 06/01/2017		410,000		401,938
Midamerican Energy Holdings
6.125% due 04/01/2036		105,000		101,486
Mirant Americas Generation LLC
8.30% due 05/01/2011		425,000		433,500
Monongahela Power Company
5.70% due 03/15/2017		265,000		270,952
National Grid PLC, EMTN
5.00% due 07/02/2018	EUR	12,000		17,507
National Power Corp.
6.875% due 11/02/2016	$	100,000		101,361
7.3425% due 08/23/2011		150,000		159,750
Nevada Power Company
5.875% due 01/15/2015		40,000		39,220
Nevada Power Company, Series R
6.75% due 07/01/2037		245,000		234,950
Northern States Power
5.25% due 03/01/2018		130,000		132,205
Orion Power Holdings, Inc.
12.00% due 05/01/2010		550,000		600,875
Pacific Gas & Electric Company
3.60% due 03/01/2009		380,000		379,060
4.80% due 03/01/2014		225,000		226,949
6.05% due 03/01/2034		45,000		44,115
6.35% due 02/15/2038		115,000		116,489
Peco Energy Company
5.35% due 03/01/2018		110,000		111,515
PPL Capital Funding, Inc.
4.33% due 03/01/2009		75,000		75,411
Reliant Energy, Inc.
6.75% due 12/15/2014		700,000		712,250
Scottish Power UK PLC
8.375% due 02/20/2017	GBP	38,000		87,949
Sierra Pacific Resources
7.803% due 06/15/2012	$	125,000		131,248
8.625% due 03/15/2014		475,000		498,779
Southern California Edison Company
4.65% due 04/01/2015		345,000		341,955

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Southern California Edison Company, Series 08-A
5.95% due 02/01/2038	$	70,000	$	70,159
Southern Company, Series A
5.30% due 01/15/2012		95,000		99,399
Tampa Electric Company
6.15% due 05/15/2037		235,000		219,000
Taqa Abu Dhabi National Energy Company
5.62% due 10/25/2012		855,000		881,691
Texas Competitive Electric Holdings Company LLC
10.25% due 11/01/2015		650,000		647,562
Union Electric Company
5.40% due 02/01/2016		285,000		283,541
Vattenfall Treasury AB, EMTN
6.00% due 04/03/2009	EUR	30,000		48,002
Virginia Electric and Power Company
4.50% due 12/15/2010	$	230,000		236,009
5.10% due 11/30/2012		220,000		228,588
Virginia Electric and Power Company, Series A
6.00% due 05/15/2037		305,000		297,481
West Penn Power Company
5.95% due 12/15/2017		225,000		233,711
Westar Energy, Inc.
5.10% due 07/15/2020		155,000		147,114
Xcel Energy, Inc.
7.00% due 12/01/2010		25,000		26,922
				15,397,179
Electronics - 0.19%
Avnet, Inc.
5.875% due 03/15/2014		345,000		356,840
Celestica, Inc.
7.875% due 07/01/2011		450,000		442,125
Flextronics International, Ltd.
6.50% due 05/15/2013		350,000		334,250
L-3 Communications Corp., Series B
6.375% due 10/15/2015		825,000		806,438
Sanmina-SCI Corp.
5.55% due 06/15/2010		194,000		188,180
				2,127,833
Energy - 0.95%
Baker Hughes, Inc.
6.00% due 02/15/2009		295,000		301,331
Cimarex Energy Company
7.125% due 05/01/2017		400,000		397,000
Copano Energy LLC
8.125% due 03/01/2016		600,000		621,000
Duke Capital LLC, Series B
6.75% due 07/15/2018		80,000		84,453
Dynegy Holdings, Inc.
7.75% due 06/01/2019		1,800,000		1,683,000
Enbridge, Inc.
5.60% due 04/01/2017		205,000		206,005
Encore Acquisition Company
6.25% due 04/15/2014		300,000		279,000
Enterprise Products Operating LP
4.95% due 06/01/2010		490,000		499,927
6.30% due 09/15/2017		220,000		221,078
Ferrellgas Partners LP
8.75% due 06/15/2012		725,000		736,781

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

335

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Mirant North America LLC
7.375% due 12/31/2013	$	350,000	$	353,500
Niagara Mohawk Power Corp., Series G
7.75% due 10/01/2008		40,000		40,702
Northwest Pipeline Corp.
5.95% due 04/15/2017		60,000		59,550
NRG Energy, Inc.
7.25% due 02/01/2014		375,000		370,313
7.375% due 02/01/2016		2,380,000		2,332,400
Plains Exploration & Production Company
7.00% due 03/15/2017		650,000		624,000
Progress Energy, Inc.
5.625% due 01/15/2016		380,000		387,516
Reliant Energy, Inc.
7.625% due 12/31/2014		575,000		570,688
7.875% due 12/31/2017		225,000		223,875
Sempra Energy
7.95% due 03/01/2010		100,000		107,430
Valero Energy Corp.
6.125% due 06/15/2017		520,000		525,130
Venoco, Inc.
8.75% due 12/15/2011		100,000		90,750
XTO Energy, Inc.
6.75% due 08/01/2037		150,000		160,432
				10,875,861
Financial Services - 3.60%
AGFC Capital Trust I
6.00% due 01/15/2067		200,000		164,811
AGY Holding Corp.
11.00% due 11/15/2014		250,000		225,000
American Express Credit Corp., EMTN
3.625% due 10/13/2009	EUR	53,000		81,458
American General Finance Corp., MTNI
5.40% due 12/01/2015	$	220,000		200,283
American Honda Finance Corp.
4.50% due 05/26/2009		385,000		388,498
Arch Western Finance LLC
6.75% due 07/01/2013		450,000		448,875
Bank Nederlandse Gemeenten, EMTN
4.625% due 09/13/2012	EUR	950,000		1,533,977
BAT International Finance PLC, EMTN
5.375% due 06/29/2017		80,000		117,858
BHP Billiton Finance, Ltd.
5.40% due 03/29/2017	$	178,000		173,312
Boeing Capital Corp., Ltd.
7.375% due 09/27/2010		365,000		403,029
Canada Housing Trust
4.80% due 06/15/2012	CAD	920,000		943,662
Capital One Capital IV
6.745% due 02/17/2037	$	425,000		303,474
Caterpillar Financial Services Corp.
4.50% due 06/15/2009		125,000		126,394
Caterpillar Financial Services Corp., MTN
4.25% due 02/08/2013		235,000		234,697
5.85% due 09/01/2017		170,000		175,938
Caterpillar Financial Services Corp., Series F
4.50% due 09/01/2008		120,000		120,613

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
CenterCredit International BV
8.625% due 01/30/2014	$	200,000	$	174,160
CIT Group, Inc.
7.625% due 11/30/2012		155,000		128,826
CIT Group, Inc., MTN
3.215% due 08/15/2008		100,000		92,316
CIT Group, Inc., MTNG
4.25% due 09/22/2011	EUR	50,000		50,620
Citigroup, Inc.
3.625% due 02/09/2009	$	110,000		109,712
3.875% due 05/21/2010	EUR	74,000		112,388
4.75% due 02/10/2019		55,000		73,750
5.00% due 09/15/2014	$	485,000		457,077
5.50% due 08/27/2012		225,000		226,277
5.625% due 08/27/2012		50,000		49,505
5.85% due 07/02/2013		590,000		598,631
Citigroup, Inc., EMTN
3.50% due 08/05/2015	EUR	60,000		78,214
Countrywide Financial Corp.
4.50% due 06/15/2010	$	145,000		129,139
Countrywide Funding Corp., MTN
3.25% due 05/21/2008		520,000		509,964
Countrywide Home Loans, Inc., MTN
4.125% due 09/15/2009		530,000		477,514
Credit Suisse First Boston USA, Inc.
4.875% due 08/15/2010		450,000		461,909
Credit Suisse USA, Inc.
5.50% due 08/16/2011		170,000		176,054
ERP Operating LP
3.85% due 08/15/2026		13,000		12,456
Ford Motor Credit Company
5.80% due 01/12/2009		280,000		266,752
5.8275% due 01/15/2010		85,000		71,093
7.375% due 10/28/2009		465,000		423,677
8.7075% due 04/15/2012		2,300,000		2,161,202
Franklin Resources, Inc.
3.70% due 04/15/2008		60,000		60,025
Fund American Companies, Inc.
5.875% due 05/15/2013		185,000		192,844
GATX Financial Corp.
5.50% due 02/15/2012		285,000		299,333
GE Capital European Funding, EMTN
3.50% due 02/14/2013	EUR	163,000		243,661
GE Capital UK Funding, EMTN
5.625% due 12/12/2014	GBP	145,000		288,404
General Electric Capital Corp.
4.625% due 09/15/2066	EUR	130,000		177,587
6.125% due 02/22/2011	$	190,000		201,956
General Electric Capital Corp., MTN
5.25% due 10/19/2012		1,045,000		1,085,881
5.625% due 09/15/2017		335,000		342,792
General Electric Capital Corp., Series A
5.875% due 02/15/2012		500,000		530,239
General Electric Capital Corp., Series A, MTN
6.00% due 06/15/2012		680,000		725,016
General Motors Acceptance Corp.
5.625% due 05/15/2009		1,351,000		1,231,172
6.875% due 08/28/2012		1,975,000		1,500,862

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

336

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
GIE Suez Alliance, EMTN
5.125% due 06/24/2015	EUR	75,000	$	120,288
GMAC LLC, EMTN
5.75% due 09/27/2010		40,000		47,649
Goldman Sachs Group, Inc.
3.75% due 02/04/2013		75,000		105,109
5.125% due 10/16/2014		100,000		145,461
6.15% due 04/01/2018	$	605,000		604,102
6.345% due 02/15/2034		271,000		234,658
6.60% due 01/15/2012		150,000		158,596
6.75% due 10/01/2037		550,000		511,683
6.875% due 01/15/2011		700,000		747,244
GTB Finance BV
8.50% due 01/29/2012		250,000		235,000
Hartford Financial Services Group, Inc.
5.25% due 10/15/2011		260,000		267,395
5.375% due 03/15/2017		255,000		247,112
Hawker Beechcraft Acquisition Company LLC
8.50% due 04/01/2015		700,000		719,250
8.875% due 04/01/2015		200,000		204,500
9.75% due 04/01/2017		175,000		174,125
HBOS PLC
5.92% due 09/29/2049		400,000		294,271
HSBC Finance Corp.
4.125% due 11/16/2009		150,000		147,686
Icahn Enterprises LP / Icahn Enterprises Finance
Corp.
7.125% due 02/15/2013		500,000		453,750
8.125% due 06/01/2012		50,000		48,750
International Lease Finance Corp., EMTN
4.125% due 10/09/2008	EUR	66,000		102,377
International Lease Finance Corp., MTN
5.30% due 05/01/2012	$	480,000		471,956
5.45% due 03/24/2011		210,000		209,802
iPayment Investors LP
11.625% due 07/15/2014		391,725		399,559
iPayment, Inc.
9.75% due 05/15/2014		425,000		377,187
Jefferies Group, Inc.
5.875% due 06/08/2014		176,000		174,905
6.25% due 01/15/2036		245,000		185,492
John Deere Capital Corp., MTN
4.95% due 12/17/2012		1,030,000		1,066,932
5.50% due 04/13/2017		140,000		143,678
JP Morgan Chase & Company
6.00% due 01/15/2018		565,000		589,194
6.25% due 01/15/2009		335,000		341,149
JP Morgan Chase & Company, EMTN
4.25% due 06/09/2011	EUR	38,000		58,373
4.375% due 11/12/2019		150,000		196,618
JP Morgan Chase Capital XVIII, Series R
6.95% due 08/17/2036	$	110,000		101,319
JP Morgan Chase Capital XXII, Series V
6.45% due 02/02/2037		195,000		168,248
JSG Funding PLC
7.75% due 04/01/2015		300,000		262,500
Lehman Brothers Holdings, Inc.
5.75% due 01/03/2017		50,000		45,169

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Lehman Brothers Holdings, Inc., EMTN
4.625% due 03/14/2019	EUR	150,000	$	180,459
Lehman Brothers Holdings, Inc., MTN
5.25% due 02/06/2012	$	430,000		414,922
6.75% due 12/28/2017		70,000		67,292
Lehman Brothers Holdings, Inc., MTNG
3.95% due 11/10/2009		300,000		285,738
Local TV Finance LLC
9.25% due 06/15/2015		200,000		160,250
Lukoil International Finance BV
6.656% due 06/07/2022		125,000		109,687
Mangrove Bay Pass Through Trust
6.102% due 07/15/2033		200,000		147,268
Mellon Funding Corp.
6.375% due 11/08/2011	GBP	143,000		288,629
Merrill Lynch & Company, Inc.
5.45% due 02/05/2013	$	645,000		634,589
Merrill Lynch & Company, Inc., EMTN
4.625% due 10/02/2013	EUR	62,000		87,709
Merrill Lynch & Company, Inc., Series CPI
5.16% due 03/02/2009	$	130,000		127,400
Metropolitan Life Global Funding
5.125% due 11/09/2011		435,000		451,641
Mitsubishi UFJ Financial Group, Inc., Capital
Finance 1, Ltd.
6.346% due 07/29/2049		200,000		162,980
Mizuho Capital Investment 1, Ltd.
5.02% due 06/29/2049	EUR	50,000		69,315
6.686% due 12/31/2049	$	120,000		101,642
Morgan Stanley
4.00% due 01/15/2010		500,000		494,012
Morgan Stanley, GMTN
5.125% due 11/30/2015	GBP	100,000		168,341
Morgan Stanley, MTN
5.625% due 01/09/2012	$	50,000		50,374
6.625% due 04/01/2018		590,000		590,208
National Rural Utilities Cooperative Finance Corp.
4.375% due 10/01/2010		100,000		101,890
Nationwide Building Society, EMTN
3.375% due 08/17/2015	EUR	53,000		77,592
Nell AF SARL
8.375% due 08/15/2015	$	75,000		54,750
Nexstar Finance Holdings LLC
11.375 due 04/01/2013		600,000		582,750
Nexstar Finance, Inc.
7.00% due 01/15/2014		275,000		236,844
Nisource Finance Corp.
3.6625% due 11/23/2009		120,000		116,487
Nissan Motor Acceptance Corp.
4.625% due 03/08/2010		100,000		101,716
Nuveen Investments, Inc.
10.50% due 11/15/2015		425,000		364,438
Nuveen Investments, Inc., Class A
5.50% due 09/15/2015		750,000		483,750
RBS Global, Inc.
9.50% due 08/01/2014		1,025,000		958,375
11.75% due 08/01/2016		100,000		86,500
Red Arrow International Leasing PLC
8.375% due 06/30/2012	RUB	1,660,777		71,728

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

337

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Repsol International Finance BV, EMTN
4.75% due 02/16/2017	EUR	100,000	$	143,293
RWE Finance BV, EMTN
5.375% due 04/18/2008		30,000		47,363
6.375% due 06/03/2013	GBP	160,000		327,434
SLM Corp., Series CPI
5.21% due 04/01/2009	$	315,000		300,825
Sovereign Capital Trust VI
7.908% due 06/13/2036		230,000		187,013
Sun Life Financial Global Funding LP
5.08% due 10/06/2013		250,000		250,547
Teco Finance, Inc.
6.572% due 11/01/2017		35,000		35,525
7.00% due 05/01/2012		50,000		53,897
Torchmark Corp.
6.375% due 06/15/2016		220,000		235,845
Toyota Motor Credit Corp.
2.875% due 08/01/2008		215,000		214,651
UBS AG/Jersey, EMTN
4.50% due 09/16/2019	EUR	140,000		186,342
UCI Holdco, Inc.
12.4906% due 12/15/2013	$	378,206		329,039
USI Holdings Corp.
6.94% due 11/15/2014		250,000		180,625
Wells Fargo & Company
4.20% due 01/15/2010		475,000		482,928
4.875% due 01/12/2011		210,000		213,644
Wells Fargo Bank NA
4.75% due 02/09/2015		260,000		253,544
				40,995,765
Food & Beverages - 0.32%
Ahold Finance USA, Inc., EMTN
6.50% due 03/14/2017	GBP	100,000		189,137
B&G Foods, Inc.
8.00% due 10/01/2011	$	475,000		459,562
Casino Guichard Perrachon SA, EMTN
4.875% due 04/10/2014	EUR	50,000		72,441
Del Monte Corp.
8.625% due 12/15/2012	$	450,000		457,875
General Mills, Inc., MTN
6.378% due 10/15/2008		225,000		228,208
Kellogg Company
4.25% due 03/06/2013		820,000		817,454
Kroger Company
6.15% due 01/15/2020		140,000		143,765
McCormick & Company, Inc.
5.80% due 07/15/2011		120,000		130,082
McCormick & Company, Inc., MTN
3.35% due 04/15/2009		95,000		95,973
McDonald's Corp.
5.30% due 03/15/2017		205,000		208,944
Panamerican Beverages, Inc.
7.25% due 07/01/2009		30,000		30,975
PepsiAmericas, Inc.
4.875% due 01/15/2015		45,000		45,083
SABMiller PLC
6.20% due 07/01/2011		330,000		350,829

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Food & Beverages (continued)
SYSCO Corp
5.25% due 02/12/2018	$	115,000	$	117,670
Tesco PLC, EMTN
5.50% due 12/13/2019	GBP	110,000		206,021
William Wrigley Jr. Company
4.65% due 07/15/2015	$	50,000		50,383
YUM Brands, Inc.
7.65% due 05/15/2008		100,000		100,531
				3,704,933
Forest Products - 0.03%
Verso Paper Holdings LLC and Verson Paper Inc,
Series B
6.9894% due 08/01/2014		375,000		316,875
Weyerhaeuser Company
7.375% due 03/15/2032		85,000		84,011
				400,886
Gas & Pipeline Utilities - 0.45%
Atmos Energy Corp.
4.00% due 10/15/2009		190,000		189,088
5.95% due 10/15/2034		35,000		30,470
Boardwalk Pipelines LLC
5.50% due 02/01/2017		85,000		83,365
Colorado Interstate Gas Company
5.95% due 03/15/2015		125,000		123,737
Duke Capital LLC
7.50% due 10/01/2009		110,000		114,910
Dynegy Holdings, Inc.
7.50% due 06/01/2015		575,000		539,063
El Paso Natural Gas Company
5.95% due 04/15/2017		98,000		96,123
Kinder Morgan Finance Company
5.70% due 01/05/2016		440,000		416,900
Kinder Morgan, Inc.
6.50% due 09/01/2012		139,000		140,944
National Gas Company
6.05% due 01/15/2036		100,000		93,592
National Gas Company of Trinidad & Tobago, Ltd.
6.05% due 01/15/2036		100,000		93,152
Panhandle Eastern Pipe Line Company
4.80% due 08/15/2008		135,000		135,168
Piedmont Natural Gas Company
6.00% due 12/19/2033		10,000		9,522
Praxair, Inc.
4.625% due 03/30/2015		455,000		459,745
5.20% due 03/15/2017		205,000		208,387
Sabine Pass LNG LP
7.50% due 11/30/2016		415,000		400,475
Southern California Gas Company
5.75% due 11/15/2035		305,000		295,831
Sunoco, Inc.
4.875% due 10/15/2014		25,000		24,910
5.75% due 01/15/2017		240,000		237,051
Williams Companies, Inc.
7.75% due 06/15/2031		550,000		584,375
8.125% due 03/15/2012		630,000		688,275
8.75% due 03/15/2032		25,000		28,875

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

338

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Gas & Pipeline Utilities (continued)
Williams Companies, Inc., Series A
7.50% due 01/15/2031	$	125,000	$	130,312
				5,124,270
Healthcare Products - 0.15%
Bausch & Lomb, Inc.
9.875% due 11/01/2015		700,000		712,250
Invacare Corp.
9.75% due 02/15/2015		125,000		125,625
Johnson & Johnson
4.75% due 11/06/2019	EUR	50,000		78,568
Medtronic, Inc., Series B
4.375% due 09/15/2010	$	125,000		127,751
4.75% due 09/15/2015		360,000		352,631
Universal Hospital Services, Inc.
8.2875% due 06/01/2015		200,000		178,000
8.50% due 06/01/2015		100,000		100,000
				1,674,825
Healthcare Services - 0.35%
Cardinal Health, Inc.
2.958% due 10/02/2009		250,000		243,373
Centene Corp.
7.25% due 04/01/2014		400,000		372,000
CRC Health Corp.
10.75% due 02/01/2016		100,000		94,000
DaVita, Inc.
6.625% due 03/15/2013		525,000		509,250
7.25% due 03/15/2015		925,000		901,875
U.S. Oncology Holdings, Inc., PIK, Series S/A
7.9493% due 03/15/2012		331,706		255,414
UnitedHealth Group, Inc.
5.375% due 03/15/2016		335,000		317,605
US Oncology, Inc.
9.00% due 08/15/2012		125,000		124,375
10.75% due 08/15/2014		200,000		197,500
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014		575,000		553,437
WellPoint, Inc.
4.25% due 12/15/2009		35,000		34,943
5.00% due 01/15/2011		415,000		418,864
				4,022,636
Holdings Companies/Conglomerates - 0.09%
ERP Operating LP
5.25% due 09/15/2014		200,000		185,572
Hutchison Whampoa Finance, Ltd.
5.875% due 07/08/2013	EUR	58,000		88,836
Visant Corp.
7.625% due 10/01/2012	$	300,000		291,750
Visant Holding Corp.
zero coupon, Step up to 10.25% on
12/01/2008 due 12/01/2013		525,000		490,875
				1,057,033
Homebuilders - 0.12%
Centex Corp.
4.55% due 11/01/2010		145,000		127,600
5.45% due 08/15/2012		235,000		198,575

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Homebuilders (continued)
D.R. Horton, Inc.
4.875% due 01/15/2010	$	65,000	$	59,637
6.50% due 04/15/2016		245,000		218,050
Lennar Corp., Series B
5.60% due 05/31/2015		390,000		288,600
5.95% due 10/17/2011		25,000		21,125
MDC Holdings, Inc., MTN
5.375% due 12/15/2014		55,000		51,084
NVR, Inc.
5.00% due 06/15/2010		100,000		99,418
Pulte Homes, Inc.
4.875% due 07/15/2009		65,000		61,425
5.20% due 02/15/2015		310,000		263,500
Ryland Group, Inc.
5.375% due 01/15/2015		25,000		21,707
				1,410,721
Hotels & Restaurants - 0.21%
Gaylord Entertainment Company
6.75% due 11/15/2014		300,000		261,000
Harrah's Operating Company, Inc.
5.50% due 07/01/2010		1,285,900		1,125,162
O'Charleys, Inc.
9.00% due 11/01/2013		225,000		204,750
OSI Restaurant Partners, Inc.
10.00% due 05/15/2015		800,000		504,000
Real Mex Restaurants, Inc.
10.00% due 04/01/2010		150,000		138,000
Restaurant Company
10.00% due 10/01/2013		200,000		124,000
				2,356,912
Household Appliances - 0.01%
Whirlpool Corp.
6.125% due 06/15/2011		135,000		141,365
Household Products - 0.04%
Simmons Bedding Company
7.875% due 01/15/2014		225,000		184,500
Yankee Acquisition Corp., Series B
8.50% due 02/15/2015		300,000		242,250
				426,750
Industrial Machinery - 0.03%
Stewart & Stevenson LLC
10.00% due 07/15/2014		375,000		360,000
Industrials - 0.05%
Air Products & Chemicals, Inc.
4.15% due 02/01/2013		165,000		165,208
WCA Waste Corp.
9.25% due 06/15/2014		400,000		399,000
				564,208
Insurance - 0.49%
ACE INA Holdings, Inc.
5.70% due 02/15/2017		255,000		253,881
5.875% due 06/15/2014		130,000		134,296
Alliant Holdings I, Inc.
11.00% due 05/01/2015		175,000		140,000
Allstate Life Funding LLC, EMTN
6.375% due 01/17/2011	GBP	47,000		93,185

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

339

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Insurance (continued)
American International Group, Inc., Series A3
4.875% due 03/15/2067	EUR	150,000	$	177,785
ASIF II, EMTN
5.625% due 02/01/2012	GBP	167,000		316,238
Genworth Financial, Inc.
5.75% due 06/15/2014	$	329,000		327,685
6.15% due 11/15/2066		153,000		127,787
Highmark, Inc.
6.80% due 08/15/2013		185,000		211,766
HUB International Holdings, Inc.
9.00% due 12/15/2014		825,000		643,500
10.25% due 06/15/2015		525,000		383,250
Lincoln National Corp.
6.05% due 04/20/2067		145,000		126,777
Monumental Global Funding, Ltd., EMTN
5.375% due 03/13/2009	EUR	38,000		60,295
Muenchener Rueckversicherungs AG
5.767% due 06/29/2049		100,000		134,067
Nationwide Mutual Insurance Company
6.60% due 04/15/2034	$	110,000		95,490
New York Life Global Funding
4.625% due 08/16/2010		215,000		222,415
New York Life Global Funding, EMTN
4.375% due 01/19/2017	EUR	100,000		144,124
NLV Financial Corp.
7.50% due 08/15/2033	$	265,000		288,349
Ohio National Financial Services, Inc.
6.35% due 04/01/2013		15,000		16,855
Pacific Life Funding LLC, EMTN
5.125% due 01/20/2015	GBP	87,000		162,783
5.50% due 05/14/2009	EUR	38,000		59,705
Principal Financial Group, Inc.
6.05% due 10/15/2036	$	180,000		161,431
Principal Life Global Funding I
5.25% due 01/15/2013		160,000		163,115
Principal Life Income Funding Trusts
5.20% due 11/15/2010		35,000		35,947
Principal Financial Global Funding LLC, EMTN
4.50% due 01/22/2009	EUR	38,000		59,787
Prudential Funding LLC, MTN
6.60% due 05/15/2008	$	150,000		150,457
RLI Corp.
5.95% due 01/15/2014		15,000		15,059
Security Benefit Life Insurance Company
7.45% due 10/01/2033		80,000		72,970
Transatlantic Holdings, Inc.
5.75% due 12/14/2015		150,000		156,666
Travelers Insurance Company Institutional Funding, Ltd.
5.75% due 12/06/2011	GBP	167,000		323,225
USI Holdings Corp.
9.75% due 05/15/2015	$	225,000		162,563
Willis North America, Inc.
6.20% due 03/28/2017		195,000		194,599
				5,616,052
International Oil - 0.38%
Canadian Natural Resources, Ltd.
6.45% due 06/30/2033		65,000		64,647

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
International Oil (continued)
Gaz Capital for Gazprom
7.288% due 08/16/2037	$	840,000	$	766,258
8.625% due 04/28/2034		165,000		187,688
Gaz Capital for Gazprom, EMTN
4.56% due 12/09/2012	EUR	150,000		213,605
Newfield Exploration Company
6.625% due 09/01/2014	$	30,000		29,550
Pemex Project Funding Master Trust
4.168% due 06/15/2010		355,000		353,048
5.75% due 03/01/2018		250,000		255,095
6.25% due 08/05/2013	EUR	150,000		243,183
Petroleos de Venezuela SA
5.25% due 04/12/2017	$	505,000		331,280
5.375% due 04/12/2027		1,050,000		603,750
PF Export Receivables Master Trust
6.436% due 06/01/2015		52,652		53,338
Transocean, Inc.
3.2143% due 09/05/2008		250,000		248,753
5.25% due 03/15/2013		465,000		475,177
XTO Energy, Inc.
5.65% due 04/01/2016		240,000		246,201
YPF SA, MTNC
10.00% due 11/02/2028		195,000		210,600
				4,282,173
Investment Companies - 0.06%
BES Finance, Ltd., EMTN
6.25% due 05/17/2011	EUR	60,000		96,360
Credit Suisse Guernsey, Ltd.
5.86% due 05/29/2049	$	300,000		254,139
Xstrata Finance Canada, Ltd.
5.50% due 11/16/2011		180,000		184,683
Xstrata Finance Canada, Ltd., EMTN
5.25% due 06/13/2017	EUR	80,000		113,514
				648,696
Leisure Time - 0.54%
AMC Entertainment, Inc.
11.00% due 02/01/2016	$	175,000		163,844
Chukchansi Economic Development Authority
8.2375% due 11/15/2012		125,000		108,125
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015		300,000		211,500
International Speedway Corp.
4.20% due 04/15/2009		80,000		80,447
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014		175,000		176,313
Lottomatica SpA
4.80% due 12/22/2008	EUR	30,000		47,263
MGM Mirage, Inc.
8.50% due 09/15/2010	$	850,000		877,625
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		200,000		174,000
9.75% due 04/01/2010		125,000		120,625
Park Place Entertainment Corp.
7.875% due 03/15/2010		650,000		609,375
Pinnacle Entertainment, Inc.
8.25% due 03/15/2012		525,000		494,812
Pokagon Gaming Authority
10.375% due 06/15/2014		606,000		639,330

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

340

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
Royal Caribbean Cruises, Ltd.
7.00% due 06/15/2013	$	100,000	$	93,512
San Pasqual Casino Development Group
8.00% due 09/15/2013		25,000		23,312
Shingle Springs Tribal Gaming Authority
9.375% due 06/15/2015		550,000		486,750
Speedway Motorsports, Inc.
6.75% due 06/01/2013		380,000		370,500
Travelport LLC
7.7006% due 09/01/2014		75,000		60,750
11.875% due 09/01/2016		425,000		361,250
Wynn Las Vegas LLC
6.625% due 12/01/2014		1,125,000		1,082,812
				6,182,145
Liquor - 0.00%
Anheuser-Busch Companies, Inc.
5.50% due 01/15/2018		40,000		41,338
Manufacturing - 0.36%
3M Company, MTN
5.125% due 11/06/2009		95,000		99,086
5.70% due 03/15/2037		225,000		222,476
Cooper US, Inc.
6.10% due 07/01/2017		210,000		221,662
General Dynamics Corp.
4.50% due 08/15/2010		315,000		324,252
General Electric Company
5.25% due 12/06/2017		255,000		254,648
Harland Clarke Holdings Corp.
7.815% due 05/15/2015		725,000		449,500
Honeywell International, Inc.
4.25% due 03/01/2013		275,000		277,784
5.30% due 03/01/2018		255,000		261,309
Procter & Gamble Company
4.95% due 08/15/2014		370,000		387,169
Rafaella Apparel Group, Inc., Series B
11.25% due 06/15/2011		224,000		168,000
Sally Holdings LLC
9.25% due 11/15/2014		400,000		399,000
10.50% due 11/15/2016		100,000		92,500
SPX Corp.
7.625% due 12/15/2014		425,000		437,750
Susser Holdings LLC
10.625% due 12/15/2013		123,000		126,382
Trinity Industries, Inc.
6.50% due 03/15/2014		375,000		363,750
				4,085,268
Medical-Hospitals - 0.63%
Community Health Systems, Inc.
8.875% due 07/15/2015		2,225,000		2,233,344
HCA, Inc.
9.25% due 11/15/2016		2,275,000		2,360,313
9.625% due 11/15/2016		175,000		181,562
Health Management Associates, Inc.
3.70% due 08/16/2020		990,840		831,067
6.125% due 04/15/2016		1,300,000		1,098,500

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Medical-Hospitals (continued)
United Surgical Partners International, Inc.
8.875% due 05/01/2017	$	450,000	$	423,000
				7,127,786
Metal & Metal Products - 0.13%
Clarendon Alumina Production, Ltd.
8.50% due 11/16/2021		100,000		103,750
Gibraltar Industries, Inc., Series B
8.00% due 12/01/2015		875,000		708,750
Hawk Corp.
8.75% due 11/01/2014		300,000		304,500
PNA Group, Inc.
10.75% due 09/01/2016		475,000		413,250
				1,530,250
Mining - 0.46%
Freeport-McMoRan Copper & Gold, Inc.
8.25% due 04/01/2015		525,000		553,875
8.375% due 04/01/2017		3,255,000		3,454,369
Placer Dome, Inc.
6.45% due 10/15/2035		340,000		327,594
Rio Tinto Finance USA, Ltd.
2.625% due 09/30/2008		135,000		134,031
Vale Overseas, Ltd.
6.25% due 01/23/2017		480,000		478,021
6.875% due 11/21/2036		250,000		243,929
				5,191,819
Office Furnishings & Supplies - 0.04%
ACCO Brands Corp.
7.625% due 08/15/2015		150,000		132,750
Interface, Inc.
10.375% due 02/01/2010		275,000		287,375
				420,125
Paper - 0.35%
Boise Cascade LLC
7.125% due 10/15/2014		530,000		494,225
Celulosa Arauco y Constitucion SA
5.125% due 07/09/2013		70,000		69,985
8.625% due 08/15/2010		180,000		199,873
Domtar Corp.
5.375% due 12/01/2013		150,000		131,250
7.125% due 08/15/2015		475,000		447,688
9.50% due 08/01/2016		50,000		51,000
Georgia-Pacific Corp.
7.00% due 01/15/2015		525,000		492,187
7.125% due 01/15/2017		450,000		416,250
8.125% due 05/15/2011		300,000		297,750
Jefferson Smurfit Corp.
8.25% due 10/01/2012		150,000		135,187
NewPage Corp.
10.00% due 05/01/2012		275,000		279,125
10.00% due 05/01/2012		75,000		76,125
12.00% due 05/01/2013		350,000		350,875
Rock-Tenn Company
8.20% due 08/15/2011		250,000		256,250
9.25% due 03/15/2016		250,000		258,750
				3,956,520

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

341

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Petroleum Services - 0.32%
Compagnie Generale de Geophysique SA
7.50% due 05/15/2015	$	100,000	$	101,500
7.75% due 05/15/2017		1,775,000		1,801,625
Complete Production Services, Inc.
8.00% due 12/15/2016		625,000		600,000
EnCana Corp.
5.90% due 12/01/2017		380,000		389,524
Halliburton Company
5.50% due 10/15/2010		420,000		442,207
Key Energy Services, Inc.
8.375% due 12/01/2014		225,000		224,437
Premcor Refining Group, Inc.
6.75% due 02/01/2011		110,000		117,533
				3,676,826
Pharmaceuticals - 0.14%
AstraZeneca PLC
5.40% due 06/01/2014		50,000		53,141
Aventis SA, EMTN
4.25% due 09/15/2010	EUR	54,000		84,907
Eli Lilly & Company
5.55% due 03/15/2037	$	205,000		197,024
Hospira, Inc.
4.95% due 06/15/2009		80,000		80,322
Omnicare, Inc.
6.75% due 12/15/2013		300,000		267,750
6.875% due 12/15/2015		700,000		609,000
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016		320,000		322,193
				1,614,337
Pipelines - 0.20%
Buckeye Partners LP
6.05% due 01/15/2018		145,000		148,095
TEPPCO Partners LP
5.90% due 04/15/2013		330,000		333,218
7.55% due 04/15/2038		520,000		524,280
Texas Gas Transmission LLC
5.50% due 04/01/2013		1,220,000		1,221,548
				2,227,141
Publishing - 0.15%
Idearc, Inc.
8.00% due 11/15/2016		750,000		485,625
Nielsen Finance LLC
10.00% due 08/01/2014		200,000		199,000
Sun Media Corp.
7.625% due 02/15/2013		225,000		212,625
TL Acquisitions, Inc.
zero coupon, Step up to 13.25% on
07/15/2009 due 07/15/2015		525,000		375,375
Valassis Communications, Inc.
8.25% due 03/01/2015		475,000		390,688
				1,663,313
Railroads & Equipment - 0.16%
American Railcar Industries, Inc.
7.50% due 03/01/2014		625,000		550,000
Canadian National Railway Company
6.25% due 08/01/2034		184,000		178,599

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Railroads & Equipment (continued)
Greenbrier Companies, Inc.
8.375% due 05/15/2015	$	425,000	$	399,500
Grupo Transportacion Ferroviaria Mexicana,
SA de CV
9.375% due 05/01/2012		100,000		103,250
Norfolk Southern Corp.
5.59% due 05/17/2025		25,000		22,886
6.00% due 04/30/2008		200,000		200,319
7.25% due 02/15/2031		30,000		32,965
Union Pacific Corp.
3.875% due 02/15/2009		125,000		125,532
5.70% due 08/15/2018		220,000		221,461
				1,834,512
Real Estate - 0.32%
AMB Property LP, MTN
5.90% due 08/15/2013		40,000		40,660
AvalonBay Communities, Inc., REIT, MTN
4.95% due 03/15/2013		55,000		51,843
6.125% due 11/01/2012		175,000		174,715
6.625% due 09/15/2011		255,000		264,254
BF Saul, REIT
7.50% due 03/01/2014		150,000		133,125
Camden Property Trust, REIT
4.375% due 01/15/2010		80,000		78,100
Developers Diversified Realty Corp., REIT
3.875% due 01/30/2009		25,000		24,626
Federal Realty Investment Trust
6.00% due 07/15/2012		155,000		157,703
Felcor Lodging LP, REIT
8.50% due 06/01/2011		250,000		245,000
Hospitality Properties Trust
5.625% due 03/15/2017		255,000		204,500
Host Marriott LP, Series Q, REIT
6.75% due 06/01/2016		1,100,000		1,028,500
Kimco Realty Corp., MTN, REIT
4.904% due 02/18/2015		55,000		52,841
Reckson Operating Partnership, REIT
6.00% due 03/31/2016		200,000		171,091
Regency Centers LP, REIT
5.875% due 06/15/2017		120,000		109,903
Simon Property Group LP, REIT
4.60% due 06/15/2010		125,000		124,039
5.75% due 12/01/2015		340,000		323,431
Ventas Realty LP/Ventas Capital Corp., REIT
6.50% due 06/01/2016		465,000		448,725
Vornado Realty LP, REIT
4.50% due 08/15/2009		35,000		34,279
				3,667,335
Retail - 0.23%
Bon-Ton Stores, Inc.
10.25% due 03/15/2014		550,000		367,125
Costco Wholesale Corp.
5.30% due 03/15/2012		175,000		184,345
Federated Retail Holdings, Inc.
5.35% due 03/15/2012		185,000		176,267
Ferrellgas Escrow LLC
6.75% due 05/01/2014		275,000		268,125

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

342

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Retail (continued)
Home Depot, Inc.
3.75% due 09/15/2009	$	100,000	$	99,002
5.20% due 03/01/2011		165,000		166,647
5.40% due 03/01/2016		220,000		206,788
JC Penney Company, Inc.
7.375% due 08/15/2008		95,000		95,796
Leslie's Poolmart
7.75% due 02/01/2013		275,000		250,250
Sunstate Equipment Company LLC
10.50% due 04/01/2013		475,000		365,750
Target Corp.
5.875% due 07/15/2016		415,000		430,112
				2,610,207
Retail Grocery - 0.11%
Couche-Tard US LP
7.50% due 12/15/2013		650,000		648,375
Delhaize Group
5.625% due 06/27/2014	EUR	50,000		74,036
Safeway, Inc.
4.125% due 11/01/2008	$	55,000		55,188
The Kroger Company
8.05% due 02/01/2010		500,000		533,200
				1,310,799
Retail Trade - 0.37%
Delhaize Group
6.50% due 06/15/2017		105,000		108,434
Fortune Brands, Inc.
5.125% due 01/15/2011		70,000		70,081
6.25% due 04/01/2008		200,000		200,000
FTD, Inc.
7.75% due 02/15/2014		500,000		440,000
GSC Holdings Corp.
8.00% due 10/01/2012		1,175,000		1,242,562
JC Penney Company, Inc.
9.00% due 08/01/2012		370,000		406,981
Neiman Marcus Group, Inc.
9.00% due 10/15/2015		525,000		525,000
Payless Shoesource, Inc.
8.25% due 08/01/2013		25,000		22,000
Target Corp.
7.50% due 08/15/2010		150,000		162,758
The Pantry, Inc.
7.75% due 02/15/2014		350,000		308,000
Wal-Mart Stores, Inc.
4.75% due 01/29/2013	GBP	200,000		393,480
6.875% due 08/10/2009	$	310,000		327,239
				4,206,535
Sanitary Services - 0.24%
Allied Waste North America, Inc.
6.875% due 06/01/2017		625,000		612,500
7.25% due 03/15/2015		475,000		474,406
7.875% due 04/15/2013		225,000		231,469
Casella Waste Systems, Inc.
9.75% due 02/01/2013		875,000		855,312
Oakmont Asset Trust
4.514% due 12/22/2008		20,000		20,190

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Sanitary Services (continued)
Waste Management, Inc.
6.10% due 03/15/2018	$	530,000	$	525,984
7.375% due 05/15/2029		15,000		16,028
				2,735,889
Semiconductors - 0.28%
Avago Technologies Finance
10.125% due 12/01/2013		375,000		395,625
Flextronics International, Ltd.
6.25% due 11/15/2014		125,000		115,000
Freescale Semiconductor, Inc.
6.675% due 12/15/2014		425,000		293,250
8.875% due 12/15/2014		800,000		626,000
National Semiconductor Corp.
6.15% due 06/15/2012		305,000		311,513
NXP BV / NXP Funding LLC
7.0075% due 10/15/2013		675,000		556,875
9.50% due 10/15/2015		200,000		164,500
Spansion LLC
11.25% due 01/15/2016		200,000		122,000
STATS ChipPAC, Ltd.
6.75% due 11/15/2011		75,000		75,750
7.50% due 07/19/2010		475,000		491,625
				3,152,138
Software - 0.05%
Oracle Corp.
5.00% due 01/15/2011		425,000		435,987
Serena Software, Inc.
10.375% due 03/15/2016		100,000		92,125
SS&C Technologies, Inc.
11.75% due 12/01/2013		75,000		74,438
				602,550
Steel - 0.12%
Evraz Group SA
8.25% due 11/10/2015		100,000		98,000
Gerdau Ameristeel Corp.
10.375% due 07/15/2011		150,000		156,750
GTL Trade Finance, Inc.
7.25% due 10/20/2017		125,000		129,487
Metals USA, Inc.
11.125% due 12/01/2015		250,000		245,000
Ryerson, Inc.
12.00% due 11/01/2015		325,000		307,125
Steel Dynamics, Inc.
6.75% due 04/01/2015		140,000		137,200
Tube City IMS Corp.
9.75% due 02/01/2015		275,000		242,000
				1,315,562
Telecommunications Equipment &
Services - 1.12%
Broadview Networks Holdings, Inc.
11.375% due 09/01/2012		450,000		427,500
Citizens Communications Company
6.625% due 03/15/2015		50,000		45,000
7.125% due 03/15/2019		1,325,000		1,159,375
9.00% due 08/15/2031		1,250,000		1,093,750

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

343

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services (continued)
Deutsche Telekom International Finance BV
3.875% due 07/22/2008	$	75,000	$	75,049
Digicel Group, Ltd.
8.875% due 01/15/2015		750,000		626,250
Digicel, Ltd.
9.25% due 09/01/2012		800,000		794,000
Dycom Industries, Inc.
8.125% due 10/15/2015		250,000		235,000
France Telecom SA
7.75% due 03/01/2011		546,000		592,051
GCI, Inc.
7.25% due 02/15/2014		425,000		350,625
Intelsat Subsidiary Holding Company, Ltd.
8.25% due 01/15/2013		225,000		226,687
iPCS, Inc.
5.3644% due 05/01/2013		450,000		346,500
6.4894% due 05/01/2014		400,000		308,000
Level 3 Communications, Inc.
6.00% due 09/15/2009		87,000		77,213
6.00% due 03/15/2010		88,000		71,060
Lucent Technologies, Inc.
6.50% due 01/15/2028		825,000		589,875
Nortel Networks, Ltd.
8.5075% due 07/15/2011		925,000		793,188
10.125% due 07/15/2013		75,000		68,625
Orascom Telecom Finance SCA
7.875% due 02/08/2014		110,000		103,061
Paetec Holding Corp.
9.50% due 07/15/2015		575,000		529,000
PanAmSat Corp.
9.00% due 08/15/2014		575,000		579,312
SBC Communications, Inc.
5.625% due 06/15/2016		550,000		551,560
6.45% due 06/15/2034		385,000		376,251
Suncom Wireless, Inc.
8.50% due 06/01/2013		550,000		572,688
Time Warner Telecom Holdings, Inc.
9.25% due 02/15/2014		175,000		176,750
Verizon Communications, Inc.
4.35% due 02/15/2013		725,000		710,399
Verizon Global Funding Corp.
6.875% due 06/15/2012		50,000		53,903
7.25% due 12/01/2010		95,000		102,028
7.75% due 12/01/2030		320,000		347,682
West Corp.
9.50% due 10/15/2014		450,000		402,750
Wind Acquisition Finance SA
10.75% due 12/01/2015		425,000		433,500
				12,818,632
Telephone - 1.02%
Alltel Corp.
7.00% due 07/01/2012		525,000		420,000
AT&T Corp.
7.3 due 11/15/2011		165,000		178,717
AT&T, Inc.
3.2775% due 11/14/2008		85,000		85,009
4.375% due 03/15/2013	EUR	100,000		149,231

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone (continued)
AT&T, Inc. (continued)
4.95% due 01/15/2013	$	175,000	$	175,593
5.30% due 11/15/2010		175,000		181,578
British Telecommunications PLC
5.15% due 01/15/2013		725,000		714,451
8.00% due 12/07/2016	GBP	150,000		324,621
British Telecommunications PLC, EMTN
5.25% due 06/23/2014	EUR	100,000		150,971
France Telecom SA, EMTN
7.25% due 01/28/2013		135,000		232,819
Nordic Telephone Company Holdings
8.25% due 05/01/2016		100,000		148,402
8.875% due 05/01/2016	$	875,000		848,750
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014		1,550,000		1,457,000
Qwest Corp.
6.05% due 06/15/2013		125,000		112,500
6.50% due 06/01/2017		100,000		90,250
7.50% due 10/01/2014		400,000		390,000
7.875% due 09/01/2011		100,000		99,750
8.875% due 03/15/2012		100,000		102,000
Royal KPN NV, EMTN
4.50% due 03/18/2013	EUR	80,000		117,520
Sprint Capital Corp.
6.90% due 05/01/2019	$	540,000		425,250
7.625% due 01/30/2011		725,000		670,625
8.375% due 03/15/2012		145,000		134,125
Sprint Nextel Corp.
3.055% due 06/28/2010		145,000		123,665
6.00% due 12/01/2016		225,000		174,938
Telecom Italia Capital SA
4.00% due 01/15/2010		130,000		127,527
5.25% due 11/15/2013		475,000		443,835
Telecom Italia Finance SA, EMTN
6.875% due 01/24/2013	EUR	240,000		380,522
7.25 due 04/20/2011		70,000		112,143
Telefonica Emisiones SAU
5.855% due 02/04/2013	$	50,000		50,491
5.984% due 06/20/2011		180,000		185,355
6.221% due 07/03/2017		305,000		306,902
6.421% due 06/20/2016		335,000		343,349
Telefonica Emisiones SAU, EMTN
4.674% due 02/07/2014	EUR	100,000		149,727
Telefonos de Mexico SA de CV
4.50% due 11/19/2008	$	105,000		105,017
Valor Telecommunications Enterprise LLC
7.75% due 02/15/2015		200,000		204,275
Windstream Corp.
8.125% due 08/01/2013		100,000		98,250
8.625% due 08/01/2016		1,360,000		1,336,200
Windstream Regatta Holdings, Inc.
11.00% due 12/01/2017		475,000		289,750
				11,641,108
Tires & Rubber - 0.01%
Cooper-Standard Automotive, Inc.
8.375% due 12/15/2014		125,000		94,688

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

344

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Tobacco - 0.04%
Imperial Tobacco Finance PLC, EMTN
4.375% due 11/22/2013	EUR	50,000	$	71,334
6.875% due 06/13/2012	GBP	47,000		94,100
Reynolds American, Inc.
6.50% due 07/15/2010	$	50,000		51,000
7.25% due 06/01/2013		175,000		185,353
				401,787
Toys, Amusements & Sporting Goods - 0.02%
Hasbro, Inc.
6.30% due 09/15/2017		180,000		188,068
Transportation - 0.30%
Bombardier, Inc.
6.30% due 05/01/2014		575,000		546,250
6.75% due 05/01/2012		200,000		198,000
7.45% due 05/01/2034		375,000		350,625
Bristow Group, Inc.
6.125% due 06/15/2013		400,000		384,000
7.50% due 09/15/2017		500,000		502,500
Burlington Northern Santa Fe Corp.
5.65% due 05/01/2017		429,000		429,581
6.15% due 05/01/2037		432,000		414,506
Canadian National Railway Company
6.375% due 11/15/2037		65,000		63,573
CHC Helicopter Corp.
7.375% due 05/01/2014		325,000		323,781
FedEx Corp.
5.50% due 08/15/2009		220,000		225,283
				3,438,099
Trucking & Freight - 0.01%
Saint Acquisition Corp.
12.50% due 05/15/2017		300,000		122,250
Utility Service - 0.11%
Consumers Energy Company, Series F
4.00% due 05/15/2010		250,000		250,364
Consumers Energy Company, Series J
6.00% due 02/15/2014		165,000		170,494
Pacificorp
6.25% due 10/15/2037		140,000		141,452
Public Service Company of New Mexico
4.40% due 09/15/2008		185,000		184,613
Public Service Electric & Gas Company
5.70% due 12/01/2036		350,000		334,166
Veolia Environnement, EMTN
4.875% due 05/28/2013	EUR	40,000		62,208
4.875% due 05/28/2013		45,000		69,984
5.875% due 02/01/2012		29,000		47,169
				1,260,450
TOTAL CORPORATE BONDS (Cost $296,173,947)			$	286,285,884
CONVERTIBLE BONDS - 0.05%
Automobiles - 0.01%
Ford Motor Company
4.25% due 12/15/2036	$	191,000		163,783

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CONVERTIBLE BONDS (continued)
Coal - 0.04%
Peabody Energy Corp.
4.75% due 12/15/2066	$	400,000	$	454,000
TOTAL CONVERTIBLE BONDS (Cost $646,549)		$		617,783
MUNICIPAL BONDS - 0.49%
Alabama - 0.02%
Mobile Industrial Development Board
5.00% due 06/01/2034		215,000		217,137
California - 0.03%
California Health Facilities Financing Authority
4.85% due 07/01/2031		200,000		200,000
State of California
5.25% due 04/01/2034		90,000		100,782
5.50% due 11/01/2033		80,000		82,314
				383,096
District of Columbia - 0.03%
District of Columbia
4.75% due 06/01/2031		360,000		336,287
Florida - 0.07%
Florida State Board of Education
5.00% due 07/01/2017		180,000		193,504
Florida State Turnpike Authority
4.75% due 07/01/2031		215,000		198,995
Orange County Florida Tourist Development
5.00% due 10/01/2018		355,000		377,333
				769,832
Georgia - 0.06%
Atlanta Water & Wastewater Revenue
5.50% due 11/01/2017		230,000		253,763
5.50% due 11/01/2016		170,000		188,105
State of Georgia
5.00% due 07/01/2019		265,000		286,028
				727,896
Kansas - 0.01%
Kansas Development Finance Authority
5.501% due 05/01/2034		110,000		113,885
Maryland - 0.08%
County of Baltimore MD
5.00% due 02/01/2038		210,000		211,445
Maryland State Transportation Authority
5.00% due 07/01/2041		360,000		359,971
State of Maryland
5.00% due 08/01/2019		350,000		380,090
				951,506
Missouri - 0.04%
Missouri State Highways & Transit Commission
5.00% due 02/01/2018		460,000		505,292
New Jersey - 0.02%
New Jersey State Transportation Trust Fund
Authority
5.25% due 12/15/2021		175,000		188,491
New York - 0.03%
New York City Housing Development Corp.
6.42% due 11/01/2027		145,000		155,787

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

345

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
MUNICIPAL BONDS (continued)
New York (continued)
New York State Urban Development Corp.
5.50% due 03/15/2018	$	175,000	$	196,747
				352,534
North Carolina - 0.03%
North Carolina Capital Facilities Finance Agency
5.00% due 10/01/2044		360,000		355,237
Oregon - 0.01%
State of Oregon
5.892% due 06/01/2027		60,000		65,255
Pennsylvania - 0.03%
Commonwealth of Pennsylvania
5.00% due 01/01/2018		260,000		282,945
West Virginia - 0.03%
Tobacco Settlement Finance Authority of West
Virginia, Tobacco Settlement Funded
7.467% due 06/01/2047		335,000		319,376
TOTAL MUNICIPAL BONDS (Cost $5,539,574)		$		5,568,769
COLLATERALIZED MORTGAGE
OBLIGATIONS - 4.62%
American Tower Trust, Series 2007-1A, Class D
5.957% due 04/15/2037		350,000		321,932
Banc of America Commercial Mortgage, Inc.,
Series 2003-1, Class A1
3.878% due 09/11/2036		267,999		261,086
Banc of America Commercial Mortgage, Inc.,
Series 2003-1, Class A2
4.648% due 09/11/2036		680,000		662,262
Banc of America Commercial Mortgage, Inc.,
Series 2005-3, Class A2
4.501% due 07/10/2043		650,000		639,342
Banc of America Mortgage Securities,
Series 2004-A, Class 2A2
4.0926% due 02/25/2034		193,271		189,464
Banc of America Mortgage Securities,
Series 2004-D, Class 2A2
4.1979% due 05/25/2034		92,861		85,638
Banc of America Mortgage Securities,
Series 2004-H, Class 2A2
4.7484% due 09/25/2034		195,686		197,258
Banc of America Mortgage Securities,
Series 2004-I, Class 3A2
4.8704% due 10/25/2034		97,276		91,414
Banc of America Mortgage Securities,
Series 2005-J, Class 2A1
5.0899% due 11/25/2035		369,676		354,045
Banc of America Mortgage Securities,
Series 2005-J, Class 3A1
5.2551% due 11/25/2035		232,152		215,910
Bear Stearns Commercial Mortgage Securities,
Series 1998-C1, Class A2
6.44% due 06/16/2030		61,804		61,824
Bear Stearns Commercial Mortgage Securities,
Series 2002-TOP8, Class A2
4.83% due 08/15/2038		272,000		267,513
Bear Stearns Commercial Mortgage Securities,
Series 2005-PW10, Class A1
5.085% due 12/11/2040		687,394		686,232

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR8, Class A4
4.674% due 06/11/2041	$	492,000	$	474,647
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR9, Class A1
4.498% due 09/11/2042		78,578		77,898
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR9, Class AAB
4.804% due 09/11/2042		395,000		375,846
Bear Stearns Commercial Mortgage Securities,
Series 2005-T18, Class A1
4.274% due 02/13/2042		222,407		220,221
Bear Stearns Commercial Mortgage Securities,
Series 2005-T20, Class A1
4.94% due 10/12/2042		24,994		24,899
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW12, Class A4
5.7115% due 09/11/2038		2,010,000		2,027,843
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW13, Class AAB
5.53% due 09/11/2041		50,000		48,939
Bear Stearns Commercial Mortgage Securities,
Series 2006-PWR12, Class A1
5.546% due 09/11/2038		166,595		166,796
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW15, Class AAB
5.315% due 02/11/2044		600,000		587,686
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW17, Class A1
5.282% due 06/11/2050		618,245		607,400
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW17, Class A4
5.694% due 06/11/2050		45,000		44,290
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2006-CD3, Class AAB
5.608% due 10/15/2048		310,000		309,570
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A1
5.0468% due 07/15/2044		223,128		222,609
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A4
5.226% due 09/15/2020		700,000		698,760
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2007-CD4, Class ASB
5.278% due 12/11/2049		1,175,000		1,151,871
Commercial Mortgage Loan Trust, Series
2008-LS1, Class A1
5.935% due 05/10/2012		400,000		396,062
Commercial Mortgage Loan Trust, Series
2008-LS1, Class A3
6.2207% due 03/10/2017		1,850,000		1,729,894
Commercial Mortgage Pass Through Certificates,
Series 2007-C9, Class A4
5.8164% due 12/10/2049		975,000		974,489
Credit Suisse Mortgage Capital Certificates, Series
2007-C4, Class A1
5.54% due 09/15/2039		148,430		147,765
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class A1
4.771% due 09/15/2039		262,430		259,123

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

346

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class A3
5.467% due 09/15/2039	$	675,000	$	663,756
Credit Suisse Mortgage Capital Certificates,
Series 2007-C1, Class A1
5.227% due 02/15/2040		277,060		275,047
CS First Boston Mortgage Securities Corp.,
Series 2004-C2, Class A1
3.819% due 05/15/2036		118,551		114,080
CS First Boston Mortgage Securities Corp.,
Series 2005-C2, Class A4
4.832% due 04/15/2037		575,000		561,217
DLJ Commercial Mortgage Corp.,
Series 1999-CG2,Class A1B
7.30% due 06/10/2032		504,845		514,325
Federal Home Loan Mortgage Corp., Series
1994-1671, Class G
6.50% due 08/15/2023		1,379		1,378
Federal Home Loan Mortgage Corp., Series
2003-2586, Class NJ
4.50% due 08/15/2016		401,848		408,168
Federal Home Loan Mortgage Corp., Series
2003-2614, Class IH
4.50% IO due 05/15/2016		179,719		13,586
Federal Home Loan Mortgage Corp., Series
2003-2627, Class IE
4.50% IO due 04/15/2018		53,185		4,540
Federal Home Loan Mortgage Corp., Series
2003-2631, Class KI
4.50% IO due 01/15/2015		104,999		2,717
Federal Home Loan Mortgage Corp., Series
2003-2631, Class MV
4.00% due 01/15/2022		9,584		9,574
Federal Home Loan Mortgage Corp., Series
2003-2681, Class PC
5.00% due 01/15/2019		218,000		222,308
Federal Home Loan Mortgage Corp., Series
2003-2686, Class JG
5.50% due 04/15/2028		721,000		738,069
Federal Home Loan Mortgage Corp., Series
2003-41, Class YV
5.50% due 04/25/2014		211,562		220,710
Federal Home Loan Mortgage Corp., Series
2004-2809, Class EG
5.00% due 08/15/2021		190,498		195,017
Federal Home Loan Mortgage Corp., Series
2004-2844, Class PQ
5.00% due 05/15/2023		96,615		97,434
Federal Home Loan Mortgage Corp., Series
2004-2872, Class YB
5.00% due 06/15/2023		202,449		203,869
Federal Home Loan Mortgage Corp., Series
2004-2882, Class YB
5.00% due 10/15/2027		600,000		613,869
Federal Home Loan Mortgage Corp., Series
2005-2934, Class NB
5.00% due 01/15/2028		91,000		92,960
Federal Home Loan Mortgage Corp., Series
2005-R003, Class VA
5.50% due 08/15/2016		453,071		471,198

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Series
2006-3123, Class VB
6.00% due 09/15/2013	$	216,420	$	225,594
Federal Home Loan Mortgage Corp., Series
2006-3152, Class DA
6.00% due 09/15/2025		163,396		167,409
Federal Home Loan Mortgage Corp., Series
2006-3177, Class PA
6.00% due 12/15/2026		306,284		313,719
Federal Home Loan Mortgage Corp., Series
2006-3195, Class PN
6.50% due 08/15/2030		1,011,697		1,053,530
Federal Home Loan Mortgage Corp., Series
2006-R007, Class VA
6.00% due 09/15/2016		172,623		179,785
Federal Home Loan Mortgage Corp., Series 2568,
Class KA
4.25% due 12/15/2021		316,375		318,422
Federal Home Loan Mortgage Corp., Series 2688,
Class DE
4.50% due 02/15/2020		370,978		376,461
Federal Home Loan Mortgage Corp., Series 3354,
Class PA
5.50% due 07/15/2028		725,000		750,444
Federal Home Loan Mortgage Corp., Stated Final,
Series SF4, Class C
3.32% due 12/15/2011		49,456		49,387
Federal Home Loan Mortgage Corp., Strips, Series
1998-199, Class PO
zero coupon PO due 08/01/2028		8,093		6,539
Federal National Mortgage Association, Series
2002-74, Class PJ
5.00% due 03/25/2015		205,358		206,117
Federal National Mortgage Association, Series
2002-84, Class VA
5.50% due 11/25/2013		171,719		178,644
Federal National Mortgage Association, Series
2003-32, ClassPG
5.00% due 10/25/2027		350,000		353,878
Federal National Mortgage Association, Series
2003-40, Class NI
5.50% IO due 11/25/2028		32,521		1,532
Federal National Mortgage Association, Series
2003-88, Class TE
4.50% due 11/25/2014		400,000		404,697
Federal National Mortgage Association, Series
2003-92, Class NM
3.50% due 04/25/2013		105,634		105,547
Federal National Mortgage Association, Series
2004-21, Class AC
4.00% due 05/25/2016		54,255		54,498
Federal National Mortgage Association, Series
2006-3136, Class PB
6.00% due 01/15/2030		375,000		388,398
Federal National Mortgage Association, Series
2006-B2, Class AB
5.50% due 05/25/2014		352,450		358,835
Federal National Mortgage Association, Strip,
Series 319, Class 2
6.50% IO due 02/01/2032		30,264		6,282

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

347

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
GE Capital Commercial Mortgage Corp.,
Series 2001-1, Class A2
6.531% due 05/15/2033	$	400,000	$	410,516
GE Capital Commercial Mortgage Corp.,
Series 2005-C4, Class A1
5.082% due 11/10/2045		356,324		355,778
Government National Mortgage Association, Series
1997-16, Class PL
6.50% due 10/20/2027		429,000		448,976
Government National Mortgage Association, Series
1998-12, Class Z
6.50% due 05/20/2028		39,378		41,793
Government National Mortgage Association, Series
1998-6, Class EA
zero coupon PO due 03/16/2028		36,855		32,096
Government National Mortgage Association, Series
2001-48, Class PC
6.50% due 10/20/2031		260,575		275,361
Government National Mortgage Association, Series
2001-56, Class PH
6.50% due 11/20/2031		340,865		361,605
Government National Mortgage Association, Series
2003-3, Class LM
5.50% due 02/20/2032		484,366		495,401
Government National Mortgage Association, Series
2003-49, Class C
4.485% due 10/16/2033		59,000		56,557
Government National Mortgage Association, Series
2004-1, Class 1
zero coupon PO due 07/20/2034		241,787		201,108
Government National Mortgage Association, Series
2004-43, Class D
4.994% due 03/16/2030		49,000		49,401
Government National Mortgage Association, Series
2004-44, Class PC
5.50% due 05/20/2031		927,000		957,149
Government National Mortgage Association, Series
2005-94, Class PB
5.50% due 12/20/2035		135,000		136,268
Greenwich Capital Commercial Funding Corp.,
Series 2004-GG1, Class A3
4.344% due 06/10/2036		137,306		136,372
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class A2
4.305% due 08/10/2042		1,660,000		1,637,602
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class A3
4.569% due 08/10/2042		600,000		579,431
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class AAB
4.619% due 08/10/2042		124,000		118,640
Greenwich Capital Commercial Funding Corp.,
Series 2007-GG9, Class A1
5.233% due 10/10/2011		287,707		284,820
Greenwich Capital Commercial Funding Corp.,
Series 2007-GG9, Class A4
5.444% due 03/10/2039		50,000		48,647
GS Mortgage Securities Corp. II, Series 2006-GG6,
Class A4
5.553% due 04/10/2038		500,000		498,555

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2001-CIB2, Class A2
6.244% due 04/15/2035	$	811,493	$	820,694
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2001-CIBC, Class A3
6.26% due 03/15/2033		231,816		236,103
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2003-LN1, Class A1
4.134% due 10/15/2037		694,161		675,915
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2005-LDP4, Class A1
4.613% due 10/15/2042		6,551		6,521
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2005-LDP4, Class ASB
4.824% due 10/15/2042		533,000		507,880
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2006-CB14, Class A4
5.481% due 12/12/2044		60,000		59,479
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2006-CB17, Class A1
5.279% due 12/12/2043		198,481		196,699
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2006-LDP9, Class A1
5.17% due 05/15/2047		247,893		245,721
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2007-LD11, Class A4
5.8189% due 06/15/2049		440,000		439,499
LB-UBS Commercial Mortgage Trust, Series
2007-C2, Class A3
5.43% due 02/15/2040		50,000		48,539
LB-UBS Commercial Mortgage Trust,
Series 2003-C8, Class A1
3.636% due 11/15/2027		471,054		468,364
LB-UBS Commercial Mortgage Trust,
Series 2004-C2, Class A2
3.246% due 03/15/2029		1,375,000		1,353,658
LB-UBS Commercial Mortgage Trust,
Series 2004-C4, Class A2
4.567% due 06/15/2029		640,000		636,650
LB-UBS Commercial Mortgage Trust,
Series 2005-C1, Class A4
4.742% due 02/15/2030		688,000		671,178
LB-UBS Commercial Mortgage Trust,
Series 2006-C1, Class A1
5.018% due 02/15/2031		388,878		387,008
LB-UBS Commercial Mortgage Trust,
Series 2006-C1, Class A4
5.156% due 02/15/2031		1,992,500		1,939,688
Morgan Stanley Capital I, Series 2006-T23, Class A4
5.811% due 08/12/2041		460,000		467,306
Morgan Stanley Capital I, Series 2007-HQ11,
Class A4
5.447% due 02/12/2044		1,200,000		1,163,602
Morgan Stanley Capital I, Series 2007-IQ14, Class
A4
5.692% due 04/15/2049		600,000		590,792
Morgan Stanley Capital I, Series 2007-IQ15, Class
A4
5.8816% due 06/11/2049		575,000		577,778
Morgan Stanley Capital I, Series 2007-T27, Class A1
5.606% due 06/11/2042		666,884		662,253

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

348

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Morgan Stanley Capital I, Series 2007-T27, Class A2
5.6504% due 06/13/2042	$	400,000	$	395,650
Morgan Stanley Capital I, Series 2007-T27, Class A4
5.6504% due 06/11/2042		625,000		618,654
Morgan Stanley Capital I, Series 2008-T29, Class A4
6.28% due 01/11/2043		1,950,000		1,988,973
Morgan Stanley Dean Witter
Capital I, Series 2002-TOP7, Class A1
5.38% due 01/15/2039		24,546		24,585
Morgan Stanley Dean Witter
Capital I, Series 2002-TOP7, Class A2
5.98% due 01/15/2039		312,000		320,538
Morgan Stanley Capital I, Series 2006-T23, Class A1
5.682% due 08/12/2041		174,711		175,165
PNC Mortgage Acceptance Corp., Series
1999-CM1, Class A1B
7.33% due 12/10/2032		875,207		898,661
Vendee Mortgage Trust, Series 1996-3, Class 4
9.5994% due 03/15/2025		16,123		17,963
Wells Fargo Mortgage Backed Securities Trust,
Series 2003-O, Class 5A1
4.7993% due 01/25/2034		538,583		491,103
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR2, Class 2A2
4.5422% due 03/25/2035		401,026		389,338
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR2, Class 3A1
4.9359% due 03/25/2035		240,564		225,461
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR12, Class 1A1
6.0229% due 09/25/2036		1,369,739		1,311,762
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR16, Class A1
5.6648% due 10/25/2036		984,153		939,833
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $52,474,854)			$	52,583,157
ASSET BACKED SECURITIES - 2.38%
Daimler Chrysler Auto Trust, Series 2008-A, Class
A3A
3.70% due 06/08/2012		475,000		473,291
Volkswagen Auto Loan Enhanced Trust, Series
2005-1, Class A4
4.86% due 04/20/2012		780,000		788,804
Capital One Prime Auto Receivables Trust, Series
2006-2, Class A4
4.94% due 07/15/2012		450,000		458,719
Citibank Credit Card Issuance Trust, Series
2006-A2, Class A2
4.85% due 02/10/2011		1,075,000		1,089,708
AmeriCredit Automobile Receivables Trust,
Series 2006-RM, Class A3
5.53% due 01/06/2014		1,975,000		1,843,919
BA Credit Card Trust, Series 2006-A9, Class A9
2.8275% due 02/15/2013		1,125,000		1,098,552
BankBoston Home Equity Loan Trust,
Series 1998-2, Class A6
6.64% due 12/25/2028		48,365		46,605
Bay View Auto Trust, Series 2005-3, Class A4
5.01% due 06/25/2014		342,000		345,327

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Cabela's Master Credit Card Trust, Series 2005-1A,
Class A1
4.97% due 10/15/2013	$	135,000	$	139,027
Capital Auto Receivables Asset Trust,
Series 2006-SN1A, Class B
5.50% due 04/20/2010		275,000		279,096
Capital Auto Receivables Asset Trust,
Series 2006-SN1A, Class A4A
5.32% due 03/20/2010		1,550,000		1,573,277
Capital Auto Receivables Asset Trust,
Series 2006-SN1A, Class A4B
2.9275% due 03/20/2010		300,000		296,396
Capital One Multi-Asset Execution Trust, Series
2003-C3, Class C3
5.0675% due 07/15/2016		40,000		32,668
Capital One Multi-Asset Execution Trust, Series
2003-C4, Class C4
6.00% due 08/15/2013		335,000		326,283
Capital One Multi-Asset Execution Trust, Series
2007-C3, Class C3
3.1075% due 04/15/2013		130,000		113,986
Capital One Multi-Asset Execution Trust, Series
2008-A1, Class A
3.5675% due 11/15/2012		1,125,000		1,121,402
Capital One Prime Auto Receivables Trust, Series
2006-1, Class A4
5.01% due 11/15/2011		540,000		546,286
Chase Funding Mortgage Loan Asset-Backed
Certificates, Series 2002-2, Class 1M1
5.599% due 09/25/2031		19,634		17,456
Chase Funding Mortgage Loan Asset-Backed
Certificates, Series 2002-4, Class 2A1
3.3387% due 10/25/2032		10,828		9,175
Chase Funding Mortgage Loan Asset-Backed
Certificates, Series 2003-3, Class 1A6
3.717% due 10/25/2014		127,463		127,459
Citibank Credit Card Issuance Trust, Series
2007-A5, Class A5
5.50% due 06/22/2012		1,100,000		1,145,068
CNH Equipment Trust, Series 2007-A, Class A3
4.99% due 10/15/2010		325,000		329,304
CNH Equipment Trust, Series 2007-A, Class B
5.09% due 06/16/2014		295,000		285,487
Detroit Edison Securitization Funding LLC,
Series 2001-1, Class A5
6.42% due 03/01/2015		425,000		460,707
Florida Power & Light Recovery Funding LLC,
Series 2007-A, Class A2
5.044% due 08/01/2015		700,000		717,795
GE Capital Credit Card Master Note Trust,
Series 2006-1, Class A
5.08% due 09/15/2012		345,000		353,247
GE Equipment Small Ticket LLC,
Series 2005-1A, Class A4
4.51% due 12/22/2014		287,000		290,246
Harley-Davidson Motorcycle Trust,
Series 2003-3, Class A2
2.76% due 05/15/2011		23,704		23,608
Harley-Davidson Motorcycle Trust,
Series 2003-4, Class A2
2.69% due 04/15/2011		28,930		28,908

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

349

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Honda Auto Receivables Owner Trust,
Series 2007-1, Class A3
5.10% due 03/18/2011	$	450,000	$	457,227
Household Automotive Trust,
Series 2006-2, Class A4
5.67% due 06/17/2013		220,000		226,694
Hyundai Auto Receivables Trust,
Series 2006-A, Class A4
5.26% due 11/15/2012		485,000		495,627
Hyundai Auto Receivables Trust,
Series 2007-A, Class A3A
5.04% due 01/15/2012		330,000		334,190
John Deere Owner Trust, Series 2005-A, Class A4
4.16% due 05/15/2012		45,000		45,273
John Deere Owner Trust, Series 2006-A, Class A4
5.39% due 06/17/2013		225,000		228,865
JP Morgan Auto Receivables Trust,
Series 2007-A, Class A4
5.19% due 02/15/2014		240,000		243,599
M&I Auto Loan Trust, Series 2005-1, Class A4
4.86% due 03/21/2011		120,000		121,291
Marriott Vacation Club Owner Trust,
Series 2006-1A, Class A
5.737% due 04/20/2028		627,419		656,066
Marriott Vacation Club Owner Trust,
Series 2006-1A, Class B
5.827% due 04/20/2028		21,179		22,043
Marriott Vacation Club Owner Trust,
Series 2006-2A, Class A
5.362% due 10/20/2028		230,161		239,865
MBNA Credit Card Master Note Trust, Series
2006-C3, Class C3
3.1075% due 10/15/2013		425,000		360,804
MBNA Credit Card Master Note Trust,
Series 2005-A3, Class A3
4.10% due 10/15/2012		1,350,000		1,368,539
Nissan Auto Receivables Owner Trust, Series
2008-A, Class A3
3.89% due 07/15/2010		625,000		620,249
Nordstrom Private Label
Credit Card Master Note Trust,
Series 2007-1A, Class A
4.92% due 05/15/2013		350,000		360,519
Onyx Acceptance Owner
Trust, Series 2005-A, ClassA4
3.91% due 09/15/2011		109,075		107,769
Peco Energy Transition Trust,
Series 2000-A, Class A4
7.65% due 03/01/2010		500,000		527,637
Peco Energy Transition Trust,
Series 2001-A, Class A1
6.52% due 12/31/2010		381,000		407,037
PP&L Transition Bond Company LLC,
Series 1999-1, Class A8
7.15% due 06/25/2009		47,200		48,089
PSE&G Transition Funding LLC,
Series 2001-1, Class A6
6.61% due 06/15/2015		412,000		451,895
Reliant Energy Transport Bond Company,
Series 2001-1, Class A4
5.63% due 09/15/2015		284,000		299,874

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Residential Asset Mortgage Products, Inc.,
Series 2003-RZ2, Class A1
3.60% due 04/25/2033	$	22,343	$	20,917
Sovereign Bank Home Equity Loan Trust,
Series 2000-1, Class A6
7.25% due 02/25/2015		5,251		4,724
Triad Auto Receivables Owner Trust,
Series 2006-B, Class A3
5.41% due 08/12/2011		328,867		328,926
Triad Auto Receivables Owner Trust,
Series 2006-B, Class A4
5.52% due 11/12/2012		525,000		514,114
USAA Auto Owner Trust, Series 2005-2, Class A4
4.17% due 02/15/2011		140,000		140,802
USAA Auto Owner Trust, Series 2007-1, Class A4
5.55% due 02/15/2013		780,000		808,038
USAA Auto Owner Trust, Series 2007-2, Class A3
4.90% due 02/15/2012		1,200,000		1,219,934
USAA Auto Owner Trust, Series 2008-1, Class A3
4.16% due 04/16/2012		425,000		428,340
Volkswagen Auto Loan Enhanced Trust, Series
2007-1, Class A3
5.20% due 01/20/2010		240,000		242,699
Volkswagen Auto Lease Trust,
Series 2006-A, Class A4
5.54% due 04/20/2011		385,000		391,869
Wachovia Auto Loan Owner Trust, Series 2007-1,
Class A3A
5.29% due 04/20/2012		350,000		357,748
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C28, Class A4
5.572% due 10/15/2048		500,000		495,115
Wachovia Auto Owner Trust,
Series 2006-A, Class A4
5.38% due 03/20/2013		225,000		226,075
TOTAL ASSET BACKED SECURITIES
(Cost $27,043,416)			$	27,164,259
SUPRANATIONAL OBLIGATIONS - 0.39%
Banking - 0.05%
Asian Development Bank, MTN
5.50% due 02/15/2016	AUD	650,000		540,979
Supranational - 0.34%
European Investment Bank
8.75% due 08/25/2017	GBP	350,000		903,318
European Investment Bank, EMTN
4.75% due 10/15/2017	EUR	990,000		1,625,427
Inter-American Development Bank, Series MPLE
4.40% due 01/26/2026	CAD	745,000		702,432
International Bank for Reconstruction &
Development, MTNG
9.75% due 08/02/2010	ZAR	900,000		108,178
International Finance Corp., MTN
7.50% due 02/28/2013	AUD	490,000		456,322

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

350

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
SUPRANATIONAL OBLIGATIONS
(continued)
Supranational (continued)
Santa Fe de Bogota DC
0.0045% due 07/26/2028	COP	240,000,000	$	111,689
				3,907,366
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $4,130,580)			$	4,448,345
SHORT TERM INVESTMENTS - 3.90%
Bank of New York
5.41% due 05/15/2009	$	300,000	$	303,111
Egypt Treasury Bills
zero coupon due 11/04/2008	EGP	1,025,000		179,593
John Hancock Cash
Investment Trust, 3.0622%	$	2,912,276		2,912,276
Malaysia Treasury Bills
zero coupon due 05/02/2008 to
07/04/2008	MYR	1,607,000		500,725
T. Rowe Price Reserve Investment
Fund	$	40,503,429		40,503,429
TOTAL SHORT TERM INVESTMENTS
(Cost $44,376,400)			$	44,399,134
REPURCHASE AGREEMENTS - 1.60%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$18,252,811 on 04/01/2008,
collateralized by $17,840,000
Federal National Mortgage
Association, 5.40% due
12/14/2022 (valued at
$18,620,500, including interest)	$	18,252,000	$	18,252,000
TOTAL REPURCHASE AGREEMENTS
(Cost $18,252,000)			$	18,252,000
Total Investments (Spectrum Income Trust)
(Cost $1,149,524,200) - 101.38%			$	1,155,110,449
Liabilities in Excess of Other Assets - (1.38)%				(15,768,626)
TOTAL NET ASSETS - 100.00%			$	1,139,341,823
Strategic Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 1.84%
Treasury Inflation Protected
Securities (d) - 1.77%
2.00% due 01/15/2016	$	53,167	$	57,648
2.375% TBA **		10,076,670		10,963,891
2.375% due 01/15/2017		690,703		770,890
2.625% due 07/15/2017		234,207		266,886
				12,059,315

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
U.S. Treasury Bonds - 0.07%
4.375% due 02/15/2038	$	470,000	$	475,581
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $12,514,254)			$	12,534,896
U.S. GOVERNMENT AGENCY OBLIGATIONS - 25.10%
Federal Home Loan Mortgage Corp. - 4.22%
5.00% due 12/01/2034		142,137		141,053
5.50% due 11/01/2035 to 12/01/2037		26,051,276		26,336,273
5.50% TBA **		2,000,000		2,019,376
6.00% due 12/01/2037		211,741		217,327
8.00% due 05/01/2010		1,580		1,645
				28,715,674
Federal National Mortgage
Association - 18.27%
5.00% due 08/01/2034 to 11/01/2036		2,596,853		2,574,486
5.00% TBA **		64,500,000		63,834,876
5.50% due 04/01/2036 to 11/01/2036		9,446,499		9,488,102
5.50% TBA **		46,070,000		46,501,906
6.00% due 04/18/2036		970,000		1,043,797
6.00% TBA **		500,000		514,531
6.519% due 11/01/2035		245,612		252,594
7.50% due 07/01/2030 to 02/01/2031		82,571		89,058
8.00% due 07/01/2027 to 08/01/2027		64,583		70,386
8.80% due 01/25/2019		50,842		55,880
10.40% due 04/25/2019		15,122		16,536
				124,442,152
Government National Mortgage
Association - 2.61%
5.00% due 04/15/2034 to 04/15/2035		4,648,566		4,655,856
5.00% TBA **		200,000		199,438
6.00% TBA **		12,500,000		12,898,437
7.50% due 04/15/2022 to 10/15/2027		23,423		25,269
				17,779,000
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $167,898,895)			$	170,936,826
FOREIGN GOVERNMENT OBLIGATIONS - 5.28%
Brazil - 1.82%
Federative Republic of Brazil
6.00% due 05/15/2015	BRL	1,130,000		1,019,984
6.00% due 05/15/2017		1,231,000		1,095,574
10.00% due 07/01/2010		18,700,000		10,258,815
10.00% due 01/01/2010		1,000		556
				12,374,929
Indonesia - 0.33%
Republic of Indonesia
11.00% due 09/15/2025	IDR	22,533,000,000		2,248,003
Italy - 0.32%
Republic of Italy
5.804% due 10/25/2032	$	1,948,000		2,173,064
Mexico - 0.37%
Government of Mexico
5.625% due 01/15/2017		1,192,000		1,252,792

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

351

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Mexico (continued)
Government of Mexico (continued)
6.75% due 09/27/2034	$	1,139,000	$	1,270,555
				2,523,347
Russia - 1.03%
Government of Russia
7.50% due 03/31/2030		6,060,780		6,978,988
Turkey - 1.41%
Republic of Turkey
6.875% due 03/17/2036		7,051,000		6,254,237
10.00% due 02/15/2012	TRY	2,227,000		1,798,391
16.00% due 03/07/2012		2,227,000		1,571,067
				9,623,695
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $34,687,694)			$	35,922,026
CORPORATE BONDS - 57.10%
Aerospace - 0.12%
Alliant Techsystems, Inc.
6.75% due 04/01/2016	$	210,000		204,225
DRS Technologies, Inc.
6.875% due 11/01/2013		550,000		539,000
7.625% due 02/01/2018		50,000		50,000
				793,225
Air Travel - 0.54%
Continental Airlines, Inc.
6.541% due 09/15/2009		9,292		9,292
Continental Airlines, Inc., Series C
7.339% due 04/19/2014		170,000		151,725
DAE Aviation Holdings, Inc.
11.25% due 08/01/2015 (g)		3,550,000		3,496,750
				3,657,767
Aluminum - 0.40%
Novelis, Inc.
7.25% due 02/15/2015		3,055,000		2,703,675
Auto Parts - 0.54%
Keystone Automotive Operations
9.75% due 11/01/2013		300,000		168,000
Visteon Corp.
8.25% due 08/01/2010		4,315,000		3,527,512
				3,695,512
Auto Services - 1.04%
Hertz Corp.
6.75% due 12/21/2012		2,000,000		1,879,160
8.875% due 01/01/2014		355,000		336,362
10.50% due 01/01/2016		2,570,000		2,406,163
Penhall International Corp.
12.00% due 08/01/2014 (g)		2,875,000		2,429,375
				7,051,060
Automobiles - 3.08%
DaimlerChrysler N.A. Holding Corp.
4.05% due 06/04/2008		1,760,000		1,760,649
Ford Motor Company
6.625% due 10/01/2028		225,000		137,250

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Automobiles (continued)
Ford Motor Company (continued)
7.45% due 07/16/2031	$	8,155,000	$	5,382,300
8.875% due 01/15/2022		145,000		112,738
8.90% due 01/15/2032		150,000		112,500
General Motors Corp.
8.25% due 07/15/2023		870,000		609,000
8.375% due 07/15/2033		18,270,000		12,880,350
				20,994,787
Banking - 2.53%
Bank of America Corp.
5.42% due 03/15/2017		2,300,000		2,281,363
Glitnir Banki HF
6.33% due 07/28/2011 (g)		720,000		618,285
6.375% due 09/25/2012 (g)		870,000		742,321
6.693% due 06/15/2016 (b)(g)		1,220,000		983,337
7.451% due 09/14/2049 (b)(g)		100,000		81,110
HSBC Bank PLC
zero coupon due 11/01/2011 (b)	RUB	21,807,000		902,115
HSBC Bank PLC, Series E, MTN
7.00% due 11/01/2011	$	151,880		147,931
HSBC Bank USA, BKNT
7.00% due 11/01/2011 (b)(g)		7,803		7,772
7.00% due 11/01/2011 (b)(g)		7,510		7,315
ICICI Bank, Ltd.
6.375% due 04/30/2022 (b)(g)		746,000		641,556
6.375% due 04/30/2022 (b)		830,000		710,837
Kaupthing Bank HF
7.125% due 05/19/2016 (g)		440,000		296,896
7.625% due 02/28/2015 (g)		2,410,000		2,760,050
RSHB Capital SA for OJSC Russian Agricultural
Bank
6.299% due 05/15/2017 (g)		1,590,000		1,472,737
TuranAlem Finance BV
8.25% due 01/22/2037 (g)		2,590,000		2,031,337
8.25% due 01/22/2037		430,000		339,399
Wachovia Corp.
5.25% due 08/01/2014		3,280,000		3,239,768
				17,264,129
Broadcasting - 0.75%
News America, Inc.
5.30% due 12/15/2014		5,010,000		5,010,566
6.65% due 11/15/2037 (g)		70,000		70,594
				5,081,160
Building Materials & Construction - 0.48%
Associated Materials, Inc.
zero coupon, Step up to 11.25% on
03/01/2009 due 03/01/2014		3,875,000		2,644,687
NTK Holdings, Inc.
10.75% due 03/01/2014		1,305,000		632,925
				3,277,612
Business Services - 0.70%
Affinion Group, Inc.
10.125% due 10/15/2013		670,000		665,813
11.50% due 10/15/2015		170,000		164,050
Allied Security Escrow Corp.
11.375% due 07/15/2011		345,000		296,700

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

352

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Business Services (continued)
Ceridian Corp., PIK
12.25% due 11/15/2015 (g)	$	160,000	$	133,600
Electronic Data Systems Corp.
7.125% due 10/15/2009		1,370,000		1,397,282
Sungard Data Systems, Inc.
9.125% due 08/15/2013		438,000		442,380
10.25% due 08/15/2015		1,085,000		1,090,425
US Investigations Services, Inc.
10.50% due 11/01/2015 (g)		750,000		611,250
				4,801,500
Cable & Television - 1.88%
AT&T Broadband Corp.
8.375% due 03/15/2013		1,580,000		1,755,113
Charter Communications Holdings I LLC
12.125% due 01/15/2015		160,000		81,600
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		3,554,000		2,470,030
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		430,000		391,300
10.25% due 10/01/2013		50,000		42,875
Charter Communications Holdings LLC
11.75 due 05/15/2011		2,980,000		1,791,725
12.125 due 01/15/2012		90,000		53,325
Charter Communications, Inc.
10.875% due 09/15/2014		550,000		470,800
Comcast Corp.
6.50% due 01/15/2015		860,000		880,691
6.50% due 01/15/2017		450,000		459,594
CSC Holdings, Inc.
6.75% due 04/15/2012		400,000		386,000
CSC Holdings, Inc., Series B
8.125% due 08/15/2009		550,000		555,500
8.125% due 07/15/2009		75,000		75,750
Rogers Cable, Inc.
8.75% due 05/01/2032		525,000		581,641
Time Warner Entertainment Company LP
8.375% due 07/15/2033		820,000		922,650
Time Warner, Inc.
7.625% due 04/15/2031		1,775,000		1,856,488
				12,775,082
Cellular Communications - 0.21%
ALLTEL Communications, Inc., PIK
10.375% due 12/01/2017 (g)		190,000		155,800
Nextel Communications, Inc.
6.875% due 10/31/2013		250,000		197,500
Rogers Wireless, Inc.
8.00% due 12/15/2012		140,000		144,900
Rural Cellular Corp.
6.0756% due 06/01/2013 (b)		190,000		190,000
9.875% due 02/01/2010		105,000		107,887
True Move Company, Ltd.
10.75% due 12/16/2013 (g)		680,000		639,200
				1,435,287

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Chemicals - 0.17%
Arco Chemical Company
9.80% due 02/01/2020	$	100,000	$	84,000
Georgia Gulf Corp.
9.50% due 10/15/2014		460,000		355,350
10.75% due 10/15/2016		280,000		183,400
Huntsman International LLC
7.875% due 11/15/2014		140,000		148,400
Methanex Corp.
8.75% due 08/15/2012		205,000		219,862
Montell Finance Company BV
8.10% due 03/15/2027 (g)		270,000		179,550
				1,170,562
Coal - 0.05%
International Coal Group, Inc.
10.25% due 07/15/2014		325,000		311,188
Commercial Services - 0.51%
DI Finance/DynCorp International LLC, Series B
9.50% due 02/15/2013		500,000		511,250
Rental Service Corp.
9.50% due 12/01/2014		3,565,000		2,976,775
				3,488,025
Computers & Business Equipment - 0.03%
Activant Solutions, Inc.
9.50% due 05/01/2016		225,000		189,000
Construction & Mining Equipment - 0.01%
Terex Corp.
7.375% due 01/15/2014		50,000		49,500
Construction Materials - 0.03%
Nortek, Inc.
8.50% due 09/01/2014		300,000		222,000
Containers & Glass - 0.18%
Graham Packaging Company
9.875% due 10/15/2014		330,000		277,200
Graphic Packaging International Corp.
9.50% due 08/15/2013		320,000		307,200
Owens-Illinois, Inc.
7.35% due 05/15/2008		500,000		500,625
Plastipak Holdings, Inc.
8.50% due 12/15/2015 (g)		150,000		136,500
Radnor Holdings Corp.
11.00% due 03/15/2010 ^		175,000		219
				1,221,744
Correctional Facilities - 0.05%
Corrections Corp. of America
6.75% due 01/31/2014		350,000		351,750
Crude Petroleum & Natural Gas - 1.40%
Anadarko Finance Company, Series B
7.50% due 05/01/2031		1,370,000		1,541,382
Anadarko Petroleum Corp.
3.20% due 09/15/2009 (b)		1,340,000		1,314,639
5.95% due 09/15/2016		100,000		103,415
Chesapeake Energy Corp.
6.25% due 01/15/2018		245,000		233,975
6.625% due 01/15/2016		105,000		102,900
6.875% due 01/15/2016		550,000		544,500

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

353

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Crude Petroleum & Natural Gas
(continued)
Chesapeake Energy Corp. (continued)
7.00% due 08/15/2014	$	300,000	$	300,750
Conoco, Inc.
6.95% due 04/15/2029		2,200,000		2,505,094
Hess Corp.
7.30% due 08/15/2031		1,220,000		1,374,542
7.875% due 10/01/2029		150,000		178,011
Mariner Energy, Inc.
7.50% due 04/15/2013		140,000		134,400
OPTI Canada, Inc.
7.875% due 12/15/2014		310,000		303,025
8.25% due 12/15/2014		200,000		198,000
PetroHawk Energy Corp.
9.125% due 07/15/2013		205,000		210,637
Quicksilver Resources, Inc.
7.125% due 04/01/2016		375,000		361,875
W&T Offshore, Inc.
8.25% due 06/15/2014 (g)		160,000		148,400
				9,555,545
Domestic Oil - 0.16%
Exco Resources, Inc.
7.25% due 01/15/2011		515,000		500,837
Whiting Petroleum Corp.
7.00% due 02/01/2014		575,000		569,250
				1,070,087
Drugs & Health Care - 0.29%
Humana, Inc.
6.30% due 08/01/2018		1,980,000		1,967,930
Educational Services - 0.28%
Education Management Corp.
8.75% due 06/01/2014		800,000		676,000
10.25% due 06/01/2016		1,550,000		1,232,250
				1,908,250
Electrical Utilities - 4.59%
AES Corp.
7.75% due 03/01/2014		5,066,000		5,097,662
7.75% due 10/15/2015		400,000		403,000
8.00% due 10/15/2017		3,505,000		3,548,813
9.375% due 09/15/2010		1,730,000		1,829,475
9.50% due 06/01/2009		1,630,000		1,682,160
Dominion Resources, Inc.
5.70% due 09/17/2012		1,370,000		1,434,660
Edison Mission Energy
7.625% due 05/15/2027		230,000		216,200
7.75% due 06/15/2016		260,000		267,800
Energy Future Holdings Corp.
11.25% due 11/01/2017 (g)		3,600,000		3,564,000
Exelon Corp.
5.625% due 06/15/2035		635,000		558,392
FirstEnergy Corp.
6.45% due 11/15/2011		820,000		858,342
7.375% due 11/15/2031		1,215,000		1,321,678
Midwest Generation LLC, Series B
8.56% due 01/02/2016		233,744		253,612
Mirant Mid Atlantic LLC, Series B
9.125% due 06/30/2017		760,349		841,136

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Electrical Utilities (continued)
Orion Power Holdings, Inc.
12.00% due 05/01/2010	$	250,000	$	273,125
Pacific Gas & Electric Company
6.05% due 03/01/2034		930,000		911,710
TXU Corp., Series P
5.55% due 11/15/2014		1,580,000		1,233,729
TXU Corp., Series Q
6.50% due 11/15/2024		1,830,000		1,299,443
TXU Corp., Series R
6.55% due 11/15/2034		8,030,000		5,669,003
				31,263,940
Electronics - 0.13%
L-3 Communications Corp.
7.625% due 06/15/2012		850,000		870,187
Energy - 0.63%
Dynegy Holdings, Inc.
7.75% due 06/01/2019		510,000		476,850
Mirant North America LLC
7.375% due 12/31/2013		500,000		505,000
NRG Energy, Inc.
7.25% due 02/01/2014		1,725,000		1,703,438
7.375% due 02/01/2016		1,175,000		1,151,500
VeraSun Energy Corp.
9.375% due 06/01/2017 (g)		170,000		116,450
9.875% due 12/15/2012		375,000		346,875
				4,300,113
Financial Services - 15.77%
Aiful Corp.
5.00% due 08/10/2010 (g)		860,000		811,050
American General Finance Corp.
6.90% due 12/15/2017		410,000		400,682
Bear Stearns Companies, Inc.
7.25% due 02/01/2018		3,860,000		3,988,889
Citigroup, Inc.
5.00% due 09/15/2014		1,570,000		1,479,609
5.625% due 08/27/2012		1,600,000		1,584,158
5.875% due 05/29/2037		12,160,000		10,561,495
6.125% due 08/25/2036		70,000		61,477
6.875% due 03/05/2038		1,760,000		1,756,415
Countrywide Financial Corp.
6.25% due 05/15/2016		610,000		494,940
Credit Suisse USA, Inc.
5.50% due 08/16/2011		510,000		528,163
Dow Jones CDX NA HY, Series 8-Tranche 1
7.625% due 06/29/2012 (g)		13,632,300		12,916,604
El Paso Performance-Linked Trust
7.75% due 07/15/2011 (g)		1,790,000		1,830,166
Emeralds 2006-1-O
3.27% due 08/04/2020 (b)(g)		269,213		269,213
Ford Motor Credit Company
7.00% due 10/01/2013		100,000		78,002
7.1269% due 01/13/2012 (b)		110,000		81,371
7.375% due 10/28/2009		130,000		118,447
7.875% due 06/15/2010		2,825,000		2,463,222
8.00% due 12/15/2016		19,150,000		14,990,716
8.05% due 06/15/2011 (b)		1,179,000		935,878

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

354

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Ford Motor Credit Company LLC
7.80% due 06/01/2012	$	1,050,000	$	866,118
9.875% due 08/10/2011		450,000		401,288
General Motors Acceptance Corp.
5.125% due 05/09/2008		380,000		377,770
5.85% due 01/14/2009		520,000		484,897
8.00% due 11/01/2031		21,400,000		15,337,209
GMAC LLC
6.00% due 04/01/2011		2,846,000		2,204,278
Goldman Sachs Group LP
4.50% due 06/15/2010		1,090,000		1,098,260
Hawker Beechcraft Acquisition Company LLC
8.875% due 04/01/2015		660,000		674,850
9.75% due 04/01/2017		405,000		402,975
HSBC Finance Capital Trust IX
5.911% due 11/30/2035 (b)		3,200,000		2,595,021
International Lease Finance Corp.
5.875% due 05/01/2013		1,545,000		1,532,507
J.P. Morgan Chase & Company
6.625% due 03/15/2012		1,925,000		2,046,571
Lehman Brothers Holdings, Inc.
4.50% due 07/26/2010		1,380,000		1,319,889
Lehman Brothers Holdings, Inc., MTN
5.625% due 01/24/2013		260,000		252,815
6.20% due 09/26/2014		440,000		433,983
6.75% due 12/28/2017		2,170,000		2,086,053
Leucadia National Corp.
8.125% due 09/15/2015		1,450,000		1,457,250
LVB Acquisition Merger Sub, Inc.
11.625% due 10/15/2017 (g)		1,800,000		1,800,000
Merrill Lynch & Company, Inc.
5.70% due 05/02/2017		1,600,000		1,519,904
Morgan Stanley
4.4013% due 10/18/2016 (b)		430,000		387,272
4.75% due 04/01/2014		4,030,000		3,740,976
Nell AF SARL
8.375% due 08/15/2015 (g)		303,000		221,190
Residential Capital LLC
6.875% due 06/30/2015		80,000		38,800
7.50% due 02/22/2011		1,370,000		671,300
8.50% due 04/17/2013		3,550,000		1,721,750
Resona Preferred Global Securities (Cayman), Ltd.
7.191% due 12/29/2049 (b)(g)		860,000		751,062
Shinsei Finance Cayman, Ltd.
6.418% due 01/29/2049 (a)(b)(g)		1,410,000		934,565
Sigma Finance Inc., MTN
8.00% due 06/22/2017 (b)(g)		2,000,000		1,340,000
TNK-BP Finance SA
7.50% due 07/18/2016 (g)		2,560,000		2,377,600
7.875% due 03/13/2018 (g)		600,000		554,250
Wells Fargo Company
5.30% due 08/26/2011		2,360,000		2,443,634
				107,424,534
Food & Beverages - 0.28%
Dole Food Company, Inc.
8.625% due 05/01/2009		1,300,000		1,131,000
8.875% due 03/15/2011		742,000		601,020

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Food & Beverages (continued)
Kroger Company
6.15% due 01/15/2020	$	80,000	$	82,152
6.40% due 08/15/2017		60,000		63,322
				1,877,494
Forest Products - 0.15%
Weyerhaeuser Company
6.75% due 03/15/2012		990,000		1,040,910
Funeral Services - 0.03%
Service Corp. International
7.50% due 04/01/2027		45,000		38,250
7.625% due 10/01/2018		105,000		105,525
7.875% due 02/01/2013		60,000		60,600
				204,375
Furniture & Fixtures - 0.14%
Norcraft Companies LP
9.00% due 11/01/2011		720,000		725,400
Norcraft Holdings Capital
zero coupon, Step up to 9.75% on
09/01/2008 due 09/01/2012		285,000		249,375
				974,775
Gas & Pipeline Utilities - 2.94%
El Paso Corp.
7.00% due 06/15/2017		2,020,000		2,077,588
7.375% due 12/15/2012		725,000		732,222
7.75% due 01/15/2032		10,155,000		10,429,540
7.80% due 08/01/2031		3,373,000		3,463,191
7.875% due 06/15/2012		600,000		627,173
El Paso Natural Gas Company
8.375% due 06/15/2032		880,000		999,407
Kinder Morgan Energy Partners LP
5.00% due 12/15/2013		245,000		241,563
6.30% due 02/01/2009		190,000		193,716
6.75% due 03/15/2011		190,000		199,047
7.125% due 03/15/2012		25,000		26,561
Williams Companies, Inc.
7.625% due 07/15/2019		75,000		80,063
7.875% due 09/01/2021		635,000		688,181
8.75% due 03/15/2032		227,000		262,185
				20,020,437
Healthcare Products - 0.04%
Advanced Medical Optics, Inc.
7.50% due 05/01/2017		145,000		124,700
Leiner Health Products, Inc.
11.00% due 06/01/2012		770,000		963
Universal Hospital Services, Inc.
8.2875% due 06/01/2015 (b)		70,000		62,300
8.50% due 06/01/2015		60,000		60,000
				247,963
Healthcare Services - 0.30%
DaVita, Inc.
7.25% due 03/15/2015		610,000		594,750
U.S. Oncology Holdings, Inc., PIK, Series S/A
7.9493% due 03/15/2012		331,899		255,562
Vanguard Health Holding Company I LLC
zero coupon, Step up to 11.25% on
10/01/2009 due 10/01/2015		500,000		382,500

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

355

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Services (continued)
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014	$	840,000	$	808,500
				2,041,312
Holdings Companies/Conglomerates - 0.10%
Ashtead Capital, Inc.
9.00% due 08/15/2016 (g)		831,000		673,110
Leucadia National Corp.
7.125% due 03/15/2017		10,000		9,475
				682,585
Hotels & Restaurants - 0.08%
Buffets, Inc.
12.50% due 11/01/2014		300,000		9,000
CCM Merger, Inc.
8.00% due 08/01/2013 (g)		200,000		168,000
El Pollo Loco, Inc.
11.75% due 11/15/2013		140,000		135,100
Sbarro, Inc.
10.375% due 02/01/2015		260,000		215,800
				527,900
Industrial Machinery - 0.08%
H&E Equipment Services, Inc.
8.375% due 07/15/2016		670,000		552,750
Insurance - 0.03%
American International Group, Inc., MTN
5.85% due 01/16/2018		240,000		235,522
International Oil - 2.51%
Corral Finans AB, PIK
5.7575% due 04/15/2010 (b)(g)		205,453		156,144
Gaz Capital for Gazprom
6.212% due 11/22/2016 (g)		1,680,000		1,554,000
6.51% due 03/07/2022 (g)		930,000		828,863
8.625% due 04/28/2034		1,175,000		1,336,562
Kerr-McGee Corp.
6.95% due 07/01/2024		900,000		954,113
OAO Gazprom
9.625% due 03/01/2013		300,000		336,930
OAO Gazprom, Series A7
0.2544% due 10/29/2009		29,480,000		1,236,470
OAO Gazprom, Series A8
0.2713% due 10/27/2011		9,820,000		406,235
Pemex Project Funding Master Trust
6.625% due 06/15/2035		9,343,000		9,668,856
6.625% due 06/15/2035 (g)		280,000		289,766
Petroplus Finance, Ltd.
6.75% due 05/01/2014 (g)		175,000		159,688
7.00% due 05/01/2017 (g)		190,000		169,575
				17,097,202
Leisure Time - 0.40%
Boyd Gaming Corp.
6.75% due 04/15/2014		575,000		471,500
Choctaw Resort Development Enterprise
7.25% due 11/15/2019 (g)		399,000		347,130
Herbst Gaming, Inc.
8.125% due 06/01/2012		285,000		52,013
Inn of the Mountain Gods Resort & Casino
12.00% due 11/15/2010		345,000		334,650

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
MGM Mirage, Inc.
7.625% due 01/15/2017	$	450,000	$	409,500
8.375% due 02/01/2011		245,000		245,612
Mohegan Tribal Gaming Authority
6.875% due 02/15/2015		250,000		201,250
7.125% due 08/15/2014		225,000		184,500
River Rock Entertainment Authority
9.75% due 11/01/2011		40,000		39,800
Snoqualmie Entertainment Authority
6.9363% due 02/01/2014 (b)(g)		80,000		65,200
9.125% due 02/01/2015 (g)		75,000		64,125
Station Casinos, Inc.
7.75% due 08/15/2016		420,000		338,100
				2,753,380
Manufacturing - 1.44%
Tyco International Group SA
6.00% due 11/15/2013		1,970,000		1,978,207
6.125% due 11/01/2008		1,780,000		1,793,313
6.125% due 01/15/2009		30,000		30,343
6.375% due 10/15/2011		280,000		279,017
6.75% due 02/15/2011		660,000		695,474
6.875% due 01/15/2029		5,130,000		5,015,693
				9,792,047
Medical-Hospitals - 1.83%
Community Health Systems, Inc.
8.875% due 07/15/2015		540,000		542,025
HCA, Inc.
6.375% due 01/15/2015		630,000		533,137
6.50% due 02/15/2016		487,000		410,298
7.50% due 11/06/2033		50,000		38,625
9.125% due 11/15/2014		1,030,000		1,060,900
9.25% due 11/15/2016		1,820,000		1,888,250
9.625% due 11/15/2016		3,516,000		3,647,850
Tenet Healthcare Corp.
6.875% due 11/15/2031		6,200,000		4,340,000
7.375% due 02/01/2013		9,000		8,032
				12,469,117
Mining - 1.10%
Freeport-McMoRan Copper & Gold, Inc.
8.375% due 04/01/2017		2,560,000		2,716,800
Noranda Aluminium Holding Corp., PIK
10.4875% due 11/15/2014 (b)(g)		240,000		176,400
Vale Overseas, Ltd.
6.875% due 11/21/2036		4,625,000		4,512,682
8.25% due 01/17/2034		50,000		55,833
				7,461,715
Office Furnishings & Supplies - 0.06%
Interface, Inc.
9.50% due 02/01/2014		150,000		155,250
10.375% due 02/01/2010		225,000		235,125
				390,375
Paper - 0.93%
Abitibi-Consolidated, Inc.
7.40% due 04/01/2018		235,000		103,400
7.75% due 06/15/2011		90,000		48,600
8.375% due 04/01/2015		165,000		84,975

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

356

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Paper (continued)
Abitibi-Consolidated, Inc. (continued)
8.55% due 08/01/2010 (a)	$	60,000	$	34,500
13.75% due 04/01/2011 (g)		980,000		1,002,050
Appleton Papers, Inc.
8.125% due 06/15/2011		50,000		48,125
Appleton Papers, Inc., Series B
9.75% due 06/15/2014		430,000		407,425
Bowater Canada Finance Corp.
7.95% due 11/15/2011		500,000		342,500
NewPage Corp.
9.4894% due 05/01/2012 (b)		2,545,000		2,519,550
Newpage Holding Corp.
11.8181% due 11/01/2013		1,800,000		1,512,000
Smurfit Capital Funding PLC
7.50% due 11/20/2025		300,000		264,000
				6,367,125
Petroleum Services - 0.39%
Belden & Blake Corp.
8.75% due 07/15/2012		1,070,000		1,072,675
Compagnie Generale de Geophysique SA
7.50% due 05/15/2015		95,000		96,425
Complete Production Services, Inc.
8.00% due 12/15/2016		350,000		336,000
Enterprise Products Operating LP
8.375% due 08/01/2066 (b)		300,000		292,008
Key Energy Services, Inc.
8.375% due 12/01/2014 (g)		250,000		249,375
Pride International, Inc.
7.375% due 07/15/2014		355,000		369,200
SemGroup LP
8.75% due 11/15/2015 (g)		250,000		228,750
				2,644,433
Photography - 2.33%
Eastman Kodak Company
3.375% due 10/15/2033		7,830,000		7,585,312
7.25% due 11/15/2013 (a)		8,650,000		8,260,750
				15,846,062
Publishing - 0.51%
Dex Media West LLC
9.875% due 08/15/2013		145,000		126,150
Idearc, Inc.
8.00% due 11/15/2016		1,780,000		1,152,550
TL Acquisitions, Inc.
10.50% due 01/15/2015 (g)		2,580,000		2,218,800
				3,497,500
Railroads & Equipment - 0.24%
Grupo Transportacion Ferroviaria Mexicana,
SA de CV
9.375% due 05/01/2012		285,000		294,263
Kansas City Southern de Mexico SA de CV
7.375% due 03/01/2014 (g)		1,150,000		1,060,875
7.625% due 12/01/2013		80,000		75,200
Kansas City Southern Railway Company
7.50% due 06/15/2009		180,000		182,700
				1,613,038

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate - 0.25%
Ashton Woods USA
9.50% due 10/01/2015	$	130,000	$	69,550
Forest City Enterprises
7.625% due 06/01/2015		10,000		9,500
Realogy Corp.
10.50% due 04/15/2014		1,050,000		706,125
12.375% due 04/15/2015		1,370,000		609,650
Ventas Realty LP/Ventas Capital Corp., REIT
6.50% due 06/01/2016		65,000		62,725
6.75% due 04/01/2017		275,000		268,813
				1,726,363
Retail - 0.29%
Eye Care Centers of America
10.75% due 02/15/2015		60,000		61,200
Michaels Stores, Inc.
10.00% due 11/01/2014		1,200,000		1,050,000
11.375% due 11/01/2016		150,000		117,750
Suburban Propane Partners LP
6.875% due 12/15/2013		560,000		546,000
Wal-Mart Stores, Inc.
5.80% due 02/15/2018		210,000		220,085
				1,995,035
Retail Trade - 1.00%
American Greetings Corp.
7.375% due 06/01/2016		30,000		29,775
CVS Corp.
9.35% due 01/10/2023 (g)		3,000,000		2,850,000
CVS Pass-Through Trust
6.036% due 12/10/2028 (g)		826,141		787,024
Dollar General Corp., PIK
11.875% due 07/15/2017		510,000		446,250
Neiman Marcus Group, Inc.
10.375% due 10/15/2015		2,715,000		2,715,000
				6,828,049
Sanitary Services - 0.21%
Waste Management, Inc.
6.375% due 11/15/2012		1,370,000		1,422,707
Semiconductors - 0.04%
NXP BV / NXP Funding LLC
7.875% due 10/15/2014		205,000		187,575
9.50% due 10/15/2015		70,000		57,575
				245,150
Steel - 0.73%
Metals USA, Inc.
11.125% due 12/01/2015		650,000		637,000
Ryerson, Inc.
12.00% due 11/01/2015 (g)		4,235,000		4,002,075
Steel Dynamics, Inc.
7.375% due 11/01/2012 (g)		150,000		151,500
Tube City IMS Corp.
9.75% due 02/01/2015		235,000		206,800
				4,997,375

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

357

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telecommunications Equipment &
Services - 0.57%
Citizens Communications Company
7.875% due 01/15/2027	$	300,000	$	257,250
Deutsche Telekom International Finance BV
5.75% due 03/23/2016		820,000		810,713
Hawaiian Telcom Communications, Inc., Series B
12.50% due 05/01/2015		165,000		59,400
Intelsat Bermuda, Ltd.
9.25% due 06/15/2016		240,000		241,800
11.25% due 06/15/2016		710,000		719,763
Level 3 Financing, Inc.
6.7044% due 02/15/2015 (b)		10,000		7,000
9.25% due 11/01/2014		670,000		547,725
PanAmSat Corp.
9.00% due 08/15/2014		95,000		95,712
Royal KPN NV
8.00% due 10/01/2010		1,090,000		1,170,392
				3,909,755
Telephone - 1.17%
Cincinnati Bell Telephone Company
6.30% due 12/01/2028		70,000		56,000
Nordic Telephone Company Holdings
8.875% due 05/01/2016 (g)		715,000		693,550
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014		555,000		521,700
Qwest Corp.
6.05% due 06/15/2013 (b)		30,000		27,000
Sprint Capital Corp.
8.375% due 03/15/2012		2,920,000		2,701,000
Telecom Italia Capital SA
5.25% due 10/01/2015		880,000		799,486
Verizon Florida, Inc., Series F
6.125% due 01/15/2013		520,000		541,921
Virgin Media, Inc.
9.125% due 08/15/2016		1,325,000		1,185,875
Virgin Media, Inc., Series S
8.75% due 04/15/2014		70,000		62,825
Windstream Corp.
8.125% due 08/01/2013		960,000		943,200
8.625% due 08/01/2016		470,000		461,775
				7,994,332
Tobacco - 0.10%
Alliance One International, Inc.
8.50% due 05/15/2012		60,000		56,400
11.00% due 05/15/2012		600,000		609,000
				665,400
Transportation - 0.06%
Overseas Shipholding Group, Inc.
8.25% due 03/15/2013		375,000		376,406
Trucking & Freight - 0.06%
Saint Acquisition Corp.
10.815% due 05/15/2015 (b)(g)		270,000		107,325
12.50% due 05/15/2017 (g)		725,000		295,438
				402,763

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utility Service - 0.16%
Edison Mission Energy
7.00% due 05/15/2017	$	460,000	$	457,700
7.20% due 05/15/2019		610,000		602,375
				1,060,075
TOTAL CORPORATE BONDS (Cost $427,749,228)		$		388,856,578
COLLATERALIZED MORTGAGE
OBLIGATIONS - 13.71%
Banc of America Commercial Mortgage, Inc.,
Series 2006-1, Class A4
5.372% due 09/10/2045 (b)		1,640,000		1,617,585
Banc of America Mortgage Securities,
Series 2005-C, Class 2A1
4.709% due 04/25/2035 (b)		248,184		250,078
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-12, Class 24A1
5.7659% due 02/25/2036 (b)		2,063,878		1,971,004
Bear Stearns Alt-A Trust, Series 2004-11, Class 2A2
6.9096% due 11/25/2034 (b)		994,796		769,024
Bear Stearns Structured Products Inc., Series
2007-R10, Class A1
5.1388% due 12/31/2037 (b)(g)		6,115,922		5,840,706
Bear Stearns Structured Products Inc., Series
2007-R11, Class A1A
6.0208% due 09/25/2037 (b)(g)		6,929,099		6,599,967
Commercial Mortgage Asset Trust,
Series 1999-C1, Class C
7.35% due 01/17/2032		580,000		626,311
Commercial Mortgage Pass-Through Certificates,
Series 2001-J2A, Class A1
5.447% due 07/16/2034 (g)		534,608		535,182
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 1A1
2.7356% due 07/20/2046 (b)		3,818,314		2,445,706
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 2A1B
2.7356% due 07/20/2046 (b)		3,933,674		2,579,415
Countrywide Home Loans, Series 2005-9, Class 2A1
2.8188% due 05/25/2035 (b)		152,063		129,236
Countrywide Home Loans, Series 2006-HYB3,
Class 2A1A
5.7186% due 04/20/2036 (b)		269,137		224,246
Countrywide Home Loans,
Series 2004-25, Class 2A1
2.9388% due 02/25/2035 (b)		218,684		175,131
Credit Suisse Mortgage Capital Certificates, Series
2006-C1, Class A4
5.5545% due 02/15/2039 (b)		2,580,000		2,571,250
First Boston Mortgage Securities Corp., Series D
10.965% IO due 05/25/2017		20,580		4,312
First Union National Bank Commercial Mortgage,
Series 2000-C1
0.5302% IO due 05/17/2032 (b)		25,328,729		408,590
GMAC Mortgage Corp. Loan Trust, Series
2005-AR5, Class 3A1
5.0506% due 09/19/2035 (b)		93,159		89,463
Green Tree Financial Corp., Series 1997-6, Class A8
7.07% due 09/15/2007		823,654		834,001

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

358

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Greenpoint Mortgage Funding Trust, Series
2005-AR4, Class 1A1
2.8588% due 10/25/2045 (b)	$	380,619	$	278,125
Greenpoint Mortgage Funding Trust, Series
2006-AR5, Class A1A
2.6788% due 10/25/2046 (b)		1,137,658		992,803
Impac Secured Assets Corp., Series 2005-2,
Class A1
2.9188% due 03/25/2036 (b)		1,593,110		1,133,944
IndyMac Index Mortgage Loan Trust, Series
2006-AR6, Class 2A1A
2.7988% due 06/25/2047 (b)		5,274,630		3,942,355
Indymac Index Mortgage Loan Trust, Series
2007-AR15, Class 2A1
5.9952% due 08/25/2037 (b)		3,703,634		2,785,322
J.P. Morgan Chase Commercial Mortgage
Securities Corp, Series 2006-CB15, Class A4
5.814% due 06/12/2043 (b)		3,960,000		3,996,962
J.P. Morgan Mortgage Trust, Series 2005-A6,
Class 7A1
4.9805% due 08/25/2035 (b)		528,023		505,715
Luminent Mortgage Trust, Series 2006-4, Class A1A
2.7888% due 05/25/2046 (b)		3,172,809		2,398,922
Master Adjustable Rate Mortgages Trust.,
Series 2006-2, Class 3A1
4.849% due 01/25/2036 (b)		1,168,374		1,115,880
Master Adjustable Rate Mortgages Trust.,
Series 2006-OA1, Class 1A1
2.8088% due 04/25/2046 (b)		3,738,774		2,846,422
Master Seasoned Securities Trust, Series 2005-2,
Class 4A1
6.6786% due 10/25/2032 (b)		740,521		723,490
MASTR Asset Securitization Trust, Series 2003-6,
Class 1A1
5.50% due 07/25/2033		1,208,461		1,105,756
Merit Securities Corp., Series 11PA, Class B2
4.1775% due 09/28/2032 (b)(g)		835,609		773,605
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class A4
5.6584% due 05/12/2039 (b)		1,810,000		1,822,070
Morgan Stanley Mortgage Loan Trust, Series
2004-8AR, Class 4A1
5.3591% due 10/25/2034 (b)		745,272		715,557
Morgan Stanley Mortgage Loan Trust, Series
2006-8AR, Class 4A1
5.473% due 06/25/2036 (b)		3,512,659		3,484,740
Novastar Mortgage-Backed Notes, Series
2006-MTA1, Class 2A1A
2.7888% due 09/25/2046 (b)		3,038,967		2,312,459
Prime Mortgage Trust, Series 2006-DR1, Class 2A2
6.00% due 11/25/2036 (g)		3,823,406		3,767,697
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR3, Class 2A1
7.4718% due 08/25/2035 (b)		298,117		282,228
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR4, Class A1
2.9088% due 12/25/2035 (b)		799,758		615,476
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR6, Class 1A3
2.7888% due 07/25/2036 (b)		3,502,279		2,364,686

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Thornburg Mortgage Securities Trust, Series
2005-2, Class A3
2.8388% due 07/25/2045 (b)	$	451,686	$	450,126
Thornburg Mortgage Securities Trust, Series
2005-4, Class A3
2.8288% due 12/25/2035 (b)		1,865,687		1,861,249
Thornburg Mortgage Securities Trust, Series
2006-1, Class A3
2.7688% due 01/25/2036 (b)		5,455,098		5,355,561
Thornburg Mortgage Securities Trust, Series
2006-3, Class A2
2.7038% due 06/25/2036 (b)		4,253,910		4,176,438
Thornburg Mortgage Securities Trust, Series
2006-3, Class A3
2.7088% due 06/25/2036 (b)		4,479,100		4,427,829
Thornburg Mortgage Securities Trust, Series
2007-4, Class 2A1
6.2247% due 09/25/2037 (b)		2,648,195		2,463,225
Thornburg Mortgage Securities Trust, Series
2007-4, Class 3A1
6.2172% due 09/25/2037 (b)		2,462,430		2,221,856
WaMu Mortgage Pass-Through Certificates, Series
2005-AR11, Class A1B3
2.9988% due 08/25/2045 (b)		414,572		333,732
WaMu Mortgage Pass-Through Certificates, Series
2005-AR13, Class A1A1
2.8887% due 10/25/2045 (b)		1,055,626		841,561
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A1
2.8688% due 12/25/2045 (b)		2,477,718		1,917,147
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A2
2.8888% due 12/25/2045 (b)		412,953		319,714
WaMu Mortgage Pass-Through Certificates, Series
2005-AR6, Class 2A1A
2.8287% due 04/25/2045 (b)		701,535		541,965
WaMu Mortgage Pass-Through Certificates, Series
2005-AR8, Class 1A1A
2.8688% due 07/25/2045 (b)		1,059,724		747,217
Zuni Mortgage Loan Trust, Series 2006-OA1,
Class A1
2.7288% due 08/25/2036 (b)		2,219,405		2,104,130
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $104,879,782)			$	93,397,171
ASSET BACKED SECURITIES - 5.15%
ACE Securities Corp., Series 2006-GP1, Class A
2.7288% due 02/25/2031 (b)		2,668,499		2,396,590
Amortizing Residential Collateral Trust,
Series 2002-BC6, Class M2
3.7988% due 08/25/2032 (b)		132,380		77,449
Asset Backed Securities Corp.,
Series 2003-HE2, Class M2
5.6676% due 04/15/2033 (b)		108,397		79,446
Bear Stearns Asset Backed Securities Inc., Series
2007-SD1, Class 1A2A
6.00% due 10/25/2036		3,238,699		2,924,445
Bear Stearns Asset Backed Securities Inc., Series
2007-SD1, Class 1A3A
6.50% due 10/25/2036		3,194,593		2,678,967

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

359

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Countrywide Asset-Backed Certificates,
Series 2004-5, Class M4
4.385% due 06/25/2034 (b)	$	340,350	$	251,930
GSAA Home Equity Trust, Series 2005-7, Class AV1
2.7088% due 05/25/2035 (b)		4,764		4,759
GSAMP Trust, Series 2006-S4, Class A1
2.6888% due 05/25/2036 (b)		1,240,665		996,977
IndyMac Seconds Asset Backed Trust, Series
2006-A, Class A
2.7288% due 06/25/2036 (b)		2,886,773		1,112,363
IXIS Real Estate Capital Trust, Series 2006-HE2,
Class A1
2.6588% due 08/25/2036 (b)		464,205		461,535
Lehman XS Trust, Series 2007-9, Class 1A1
3.255% due 06/25/2037 (b)		1,662,069		1,539,491
Long Beach Mortgage Loan Trust, Series 2006-4,
Class 2A1
2.6488% due 05/25/2036 (b)		752,655		746,950
Merrill Lynch First Franklin Mortgage Loan Trust,
Series 2007-H1, Class 2A1
4.0988% due 10/25/2037 (b)		6,509,962		6,235,326
Mid State Trust, Series 6, Class A1
7.34% due 07/01/2035		1,139,373		1,219,275
Morgan Stanley Mortgage Loan Trust, Series
2006-4SL, Class A1
2.7488% due 03/25/2036 (b)		1,902,771		1,459,753
MSDWCC Heloc Trust, Series 2005-1, Class A
2.785% due 07/25/2017 (b)		39,197		33,265
RAAC Series, Series 2006-RP2, Class A
2.8488% due 02/25/2037 (b)(g)		2,591,160		2,315,293
SACO I Trust, Inc., Series 2005-7, Class A
2.8788% due 09/25/2035 (b)		385,846		364,104
SACO I Trust, Inc., Series 2006-5, Class 1A
2.7488% due 04/25/2036 (b)		1,703,781		932,869
SACO I Trust, Inc., Series 2006-6, Class A
2.7288% due 06/25/2036 (b)		2,722,153		984,703
Sail Net Interest Margin Notes, Series 2004-2A,
Class A
5.50% due 03/27/2034 (g)		46,524		5
SLM Student Loan Trust, Series 2006-5, Class A2
3.3212% due 07/25/2017 (b)		2,933,612		2,915,763
Structured Asset Securities Corp., Series
2006-ARS1, Class A1
2.7088% due 02/25/2036 (b)(g)		2,864,480		919,125
Structured Asset Securities Corp., Series
2007-TC1, Class A
2.8988% due 04/25/2031 (b)(g)		5,977,466		4,399,044
TOTAL ASSET BACKED SECURITIES
(Cost $45,608,728)			$	35,049,427
SUPRANATIONAL OBLIGATIONS - 0.45%
Venezuela - 0.45%
Corporacion Andina de Fomento, Series EXCH
6.875% due 03/15/2012		2,857,000		3,072,375
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $3,105,270)			$	3,072,375

Strategic Bond Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 0.00%
Computers & Business Equipment - 0.00%
ATSI Holdings, Inc. *	8,111	$	0
Household Products - 0.00%
Home Interiors *	1,103,919		11,039
TOTAL COMMON STOCKS (Cost $441,132)		$	11,039
PREFERRED STOCKS - 1.33%
Automobiles - 0.33%
General Motors Corp., Series C, 6.25% *	135,250		2,231,625
Financial Services - 1.00%
Federal Home Loan Mortgage Corp., Series
V, 5.57%	178,375		3,406,963
Federal Home Loan Mortgage Corp.,
Series Z, 8.375%	83,825		2,045,330
Federal National Mortgage Association, 8.25%	57,200		1,375,660
			6,827,953
TOTAL PREFERRED STOCKS (Cost $9,928,688)		$	9,059,578
TERM LOANS - 2.30%
Business Services - 0.24%
First Data Corp.
7.96% due 10/15/2014 (b)	1,850,700		1,669,840
Commercial Services - 0.20%
Aramark TL Strip
7.578% due 01/31/2014 (b)	1,500,000		1,329,375
Electrical Utilities - 0.52%
Calpine Corp.
8.60% due 03/29/2009 (b)	4,000,000		3,510,460
Energy - 0.27%
Dynegy Holdings, Inc.
1.00% due 04/02/2013 (b)	1,999,619		1,824,153
Medical-Hospitals - 0.39%
Community Health Systems, Inc., Tranche B
7.6143% due 07/02/2014 (b)	2,903,321		2,682,465
Paper - 0.43%
Georgia Pacific
6.75% due 12/23/2013 (b)	3,068,081		2,933,086
Semiconductors - 0.25%
Freescale Semiconductor
1.00% due 12/01/2013 (b)	2,000,000		1,694,450
TOTAL TERM LOANS (Cost $15,232,800)		$	15,643,829
OPTIONS - 0.00%
Call Options - 0.00%
U.S. Treasury Bonds Futures
Expiration 05/23/2008 at $120.00 *	10,000		18,438
U.S. Treasury Notes 10 Year Futures
Expiration 05/23/2008 at $145.00 *	51,000		797
			19,235
Put Options - 0.00%
Eurodollar Futures
Expiration 06/16/2008 at $94.125 *	905,000		2,262

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

360

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
Put Options (continued)
Eurodollar Futures (continued)
Expiration 06/16/2008 at $94.75 *		637,500	$	1,594
				3,856
TOTAL OPTIONS (Cost $29,635)			$	23,091
REPURCHASE AGREEMENTS - 0.65%
Merrill Lynch Tri-Party Repurchase
Agreement dated 03/31/2008 at
2.25% to be repurchased at
$4,400,275 on 04/01/2008,
collateralized by $4,494,000
Federal Home Loan Mortgage
Corp., zero coupon due
04/30/2008 (valued at $4,488,000,
including interest)	$	4,400,000	$	4,400,000
TOTAL REPURCHASE AGREEMENTS
(Cost $4,400,000)			$	4,400,000
SHORT TERM INVESTMENTS - 4.68%
Bank Negara Malaysia Monetary Notes, Series 1308
zero coupon due 04/10/2008 to
08/28/2008	MYR	18,551,000	$	5,751,490
Egypt Treasury Bills
zero coupon due 11/04/2008	EGP	14,200,000		2,507,674
Egypt Treasury Bills, Series 364
zero coupon due 10/28/2008 to
11/11/2008		27,750,000		4,887,566
Federal National Mortgage Association Discount
Notes
zero coupon due 12/15/2008	$	10,378,000		10,244,124
zero coupon due 04/07/2008 ****		500,000		499,653
John Hancock Cash
Investment Trust, 3.0622% (c)(f)		8,152,304		7,985,444
TOTAL SHORT TERM INVESTMENTS
(Cost $31,875,951)			$	31,875,951
Total Investments (Strategic Bond Trust)
(Cost $858,352,057) - 117.59%			$	800,782,787
Liabilities in Excess of Other Assets - (17.59)%				(119,765,569)
TOTAL NET ASSETS - 100.00%			$	681,017,218
Strategic Income Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 3.50%
U.S. Treasury Bonds - 0.84%
8.125% due 08/15/2019	$	1,065,000	$	1,483,595
9.25% due 02/15/2016		1,860,000		2,652,825
				4,136,420
U.S. Treasury Notes - 2.66%
4.25% due 11/15/2013		3,160,000		3,448,350
4.75% due 05/15/2014		3,890,000		4,366,828

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
U.S. Treasury Notes (continued)
4.875% due 08/15/2016	$	4,680,000	$	5,242,330
				13,057,508
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $15,362,251)			$	17,193,928
U.S. GOVERNMENT AGENCY OBLIGATIONS - 12.20%
Federal National Mortgage
Association - 12.20%
5.00% due 01/01/2023		8,856,686		8,950,030
5.375% due 06/12/2017		8,000,000		8,786,120
5.491% due 03/01/2037		1,898,999		1,926,055
5.50% due 02/01/2037 to 09/01/2037		15,433,836		15,594,475
6.00% due 08/01/2022 to 09/01/2037		14,179,172		14,549,696
6.50% due 08/01/2036 to 11/01/2036		9,782,843		10,141,026
				59,947,402
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $58,105,304)			$	59,947,402
FOREIGN GOVERNMENT OBLIGATIONS - 17.63%
Austria - 0.21%
Republic of Austria
6.00% due 09/26/2008	NZD	1,315,000		1,018,466
Canada - 6.66%
Government of Canada
6.00% due 06/01/2011	CAD	10,815,000		11,563,710
Province of Ontario
4.40% due 03/08/2016		4,775,000		4,810,587
4.50% due 03/08/2015		3,410,000		3,466,975
6.25% due 06/16/2015	NZD	2,600,000		1,889,321
6.375% due 10/12/2010		5,760,000		4,370,793
Province of Quebec
5.25% due 10/01/2013	CAD	6,320,000		6,625,025
				32,726,411
Colombia - 0.96%
Republic of Colombia
10.00% due 01/23/2012	$	110,000		130,460
10.75% due 01/15/2013		3,700,000		4,573,200
				4,703,660
France - 1.59%
Government of France
4.75% due 10/25/2012	EUR	4,770,000		7,826,887
Germany - 0.82%
Federal Republic of Germany
5.00% due 07/04/2012		2,435,000		4,046,192
Ireland - 2.76%
Republic of Ireland
4.50% due 10/18/2018		8,415,000		13,530,947
Mexico - 0.88%
Government of Mexico
5.625% due 01/15/2017	$	530,000		557,030
5.875% due 01/15/2014		510,000		545,700
6.375% due 01/16/2013		410,000		450,385
8.00% due 12/17/2015	MXN	22,780,000		2,212,770
8.125% due 12/30/2019	$	310,000		390,600

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

361

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Mexico (continued)
Government of Mexico, Series XW (continued)
10.375% due 02/17/2009	$	160,000	$	170,400
				4,326,885
Spain - 3.75%
Kingdom of Spain
4.20% due 07/30/2013	EUR	5,515,000		8,845,586
5.00% due 07/30/2012		2,705,000		4,460,297
5.35% due 10/31/2011		3,095,000		5,124,480
				18,430,363
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $76,583,090)			$	86,609,811
CORPORATE BONDS - 40.95%
Advertising - 0.07%
Vertis, Inc.
9.75% due 04/01/2009	$	425,000		361,250
Aerospace - 0.04%
DRS Technologies, Inc.
7.625% due 02/01/2018		200,000		200,000
Agriculture - 0.06%
Saskatchewan Wheat Pool, Inc.
8.00% due 04/08/2013	CAD	300,000		295,069
Air Travel - 0.64%
Delta Air Lines, Inc.
6.821% due 08/10/2022 (g)	$	1,736,518		1,632,327
Northwest Airlines, Inc., Series 07-1
7.027% due 11/01/2019		1,645,000		1,496,950
				3,129,277
Amusement & Theme Parks - 0.34%
HRP Myrtle Beach Operations LLC
9.894% due 04/01/2012 (b)(g)		1,855,000		1,646,313
Apparel & Textiles - 0.38%
Hanesbrands, Inc., Series B
8.204% due 12/15/2014 (b)		2,125,000		1,885,938
Auto Parts - 0.40%
Allison Transmission, Inc.
11.00% due 11/01/2015 (g)		1,165,000		1,013,550
Tenneco Automotive, Inc.
8.625% due 11/15/2014		975,000		957,937
				1,971,487
Automobiles - 1.07%
DaimlerChrysler N.A. Holding Corp., EMTN
4.375% due 03/21/2013	EUR	3,440,000		5,262,277
Banking - 0.59%
Banco Macro SA
8.50% due 02/01/2017	$	1,425,000		1,225,500
BanColombia SA
6.875% due 05/25/2017		695,000		668,937
Landwirtschaftliche Rentenbank, EMTN
6.50% due 09/17/2009	NZD	1,305,000		1,000,135
				2,894,572

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Broadcasting - 1.85%
Allbritton Communications Company
7.75% due 12/15/2012	$	2,675,000	$	2,621,500
Radio One, Inc.
8.875% due 07/01/2011		325,000		261,625
Sirius Satellite Radio, Inc.
9.625% due 08/01/2013		2,920,000		2,460,100
XM Satellite Radio, Inc.
7.7394% due 05/01/2013 (b)		500,000		483,750
9.75% due 05/01/2014		3,355,000		3,237,575
				9,064,550
Business Services - 0.71%
Allied Security Escrow Corp.
11.375% due 07/15/2011		300,000		258,000
Minerva Overseas, Ltd.
9.50% due 02/01/2017 (g)		3,150,000		2,842,875
Vangent, Inc.
9.625% due 02/15/2015		500,000		401,250
				3,502,125
Cable & Television - 1.08%
Cablevision Systems Corp., Series B
8.00% due 04/15/2012		100,000		97,250
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		1,960,000		1,783,600
Rogers Cable, Inc.
7.25% due 12/15/2011	CAD	250,000		259,114
Shaw Communications, Inc.
5.70% due 03/02/2017		690,000		620,156
6.10% due 11/16/2012		500,000		485,211
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012	$	816,000		824,160
Young Broadcasting, Inc.
10.00% due 03/01/2011		2,000,000		1,255,000
				5,324,491
Cellular Communications - 0.84%
Centennial Communications Corp.
10.00% due 01/01/2013		2,050,000		1,906,500
Rural Cellular Corp.
6.0756% due 06/01/2013 (b)		930,000		930,000
8.989% due 11/01/2012 (b)		1,290,000		1,290,000
				4,126,500
Chemicals - 0.31%
American Pacific Corp.
9.00% due 02/01/2015		1,540,000		1,497,650
Commercial Services - 0.19%
Aramak Services, Inc.
6.7394% due 02/01/2015 (b)		1,070,000		944,275
Containers & Glass - 2.44%
BWAY Corp.
10.00% due 10/15/2010		2,205,000		2,122,313
Graphic Packaging International Corp.
8.50% due 08/15/2011		1,000,000		982,500
9.50% due 08/15/2013		2,535,000		2,433,600
OI European Group BV
6.875% due 03/31/2017 (g)	EUR	475,000		704,911

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

362

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Containers & Glass (continued)
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		735,000
8.375% due 07/01/2012		3,050,000		2,760,250
US Corrugated, Inc.
10.00% due 06/12/2013		785,000		549,500
				11,995,824
Crude Petroleum & Natural Gas - 0.14%
Denbury Resources, Inc.
7.50% due 12/15/2015		685,000		700,412
Diversified Financial Services - 0.70%
General Electric Capital Corp.
6.625% due 02/04/2010	NZD	4,515,000		3,452,907
Electrical Utilities - 0.82%
Cia de Transporte de Energia Electrica de Alta
Tension SA
8.875% due 12/15/2016 (g)	$	1,230,000		1,002,450
Texas Competitive Electric Holdings Company LLC
10.25% due 11/01/2015 (g)		3,020,000		3,008,675
				4,011,125
Electronics - 0.07%
L-3 Communications Corp., Series B
6.375% due 10/15/2015		370,000		361,675
Financial Services - 9.99%
Canada Housing Trust
4.55% due 12/15/2012 (g)	CAD	4,110,000		4,236,227
4.80% due 06/15/2012		8,035,000		8,241,658
Capital One Capital IV
6.745% due 02/17/2037 (b)	$	475,000		339,177
CIT Group, Inc.
5.00% due 02/13/2014		675,000		531,194
Ford Motor Credit Company LLC
7.80% due 06/01/2012		540,000		445,432
9.75% due 09/15/2010		1,880,000		1,674,653
Independencia International, Ltd.
9.875% due 01/31/2017 (g)		2,000,000		1,860,000
ISA Capital do Brasil SA
8.80% due 01/30/2017 (g)		530,000		552,525
Local TV Finance LLC
9.25% due 06/15/2015 (g)		260,000		208,325
New South Wales Treasury Corp., Series 10RG
7.00% due 12/01/2010	AUD	27,495,000		25,222,855
Nexstar Finance, Inc.
7.00% due 01/15/2014	$	1,070,000		921,538
Orascom Telecom Finance
7.875% due 02/08/2014 (g)		480,000		445,200
TAM Capital, Inc.
7.375% due 04/25/2017		1,560,000		1,310,400
Toyota Motor Credit Corp., EMTN
6.75% due 09/21/2009	NZD	1,700,000		1,304,486
Ucar Finance, Inc.
10.25% due 02/15/2012	$	157,000		162,495
VW Financial Services AG, EMTN
5.375% due 01/25/2012	EUR	1,005,000		1,612,165
				49,068,330

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Food & Beverages - 0.63%
Cosan SA Industria e Comercio
8.25% due 02/28/2049 (g)	$	2,200,000	$	1,996,500
Sadia Overseas, Ltd.
6.875% due 05/24/2017 (g)		1,100,000		1,082,125
				3,078,625
Gas & Pipeline Utilities - 0.93%
MarkWest Energy Partners LP, Series B
8.50% due 07/15/2016		2,265,000		2,281,988
NGPL Pipeco LLC
7.119% due 12/15/2017 (g)		1,030,000		1,065,473
Southern Union Company
7.20% due 11/01/2066 (b)		830,000		697,200
Williams Partners Finance Corp.
7.25% due 02/01/2017		540,000		542,700
				4,587,361
Healthcare Products - 0.55%
Alliance Imaging, Inc., Series B
7.25% due 12/15/2012		415,000		390,100
Bausch & Lomb, Inc.
9.875% due 11/01/2015 (g)		490,000		498,575
Hanger Orthopedic Group, Inc.
10.25% due 06/01/2014		1,505,000		1,512,525
Inverness Medical Innovations, Inc.
9.0925% due 06/26/2015 (b)		375,000		323,438
				2,724,638
Healthcare Services - 0.13%
Healthsouth Corp.
10.8287% due 06/15/2014 (b)		660,000		636,900
Hotels & Restaurants - 1.80%
CCM Merger, Inc.
8.00% due 08/01/2013 (g)		4,070,000		3,418,800
Dave & Buster's, Inc.
11.25% due 03/15/2014		2,635,000		2,397,850
Landry's Restaurants, Inc.
9.50% due 12/15/2014		3,125,000		3,046,875
				8,863,525
Industrial Machinery - 0.41%
Manitowoc, Inc.
7.125% due 11/01/2013		2,030,000		2,009,700
Insurance - 0.25%
Sul America Participacoes SA
8.625% due 02/15/2012 (g)		299,000		310,960
Symetra Financial Corp.
8.30% due 10/15/2067 (b)(g)		990,000		932,392
				1,243,352
International Oil - 0.07%
Ocean Rig Norway AS
8.375% due 07/01/2013 (g)		300,000		330,000
Leisure Time - 6.88%
AMC Entertainment, Inc.
8.00% due 03/01/2014		1,905,000		1,614,488
Chukchansi Economic Development Authority
8.00% due 11/15/2013 (g)		695,000		625,500

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

363

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Leisure Time (continued)
Cinemark, Inc.
zero coupon, step up to 9.75% on
03/15/2009 due 03/15/2014	$	1,000,000	$	900,000
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015 (g)		950,000		669,750
Great Canadian Gaming Corp.
7.25% due 02/15/2015 (g)		1,000,000		951,250
Greektown Holdings LLC
10.75% due 12/01/2013 (g)		2,610,000		2,375,100
Indianapolis Downs Capital LLC
11.00% due 11/01/2012 (g)		1,945,000		1,711,600
Isle of Capri Casinos, Inc.
7.00% due 03/01/2014		895,000		637,687
Jacobs Entertainment, Inc.
9.75% due 06/15/2014		2,755,000		2,066,250
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014 (g)		1,000,000		1,007,500
Majestic Star Casino LLC
9.50% due 10/15/2010		1,580,000		1,394,350
Marquee Holdings, Inc.
12.00% due 08/15/2014		1,010,000		754,975
Mashantucket Western Pequot Tribe
8.50% due 11/15/2015 (g)		1,745,000		1,535,600
MGM Mirage, Inc.
6.75% due 09/01/2012		725,000		672,437
7.625% due 01/15/2017		1,660,000		1,510,600
Mohegan Tribal Gaming Authority
6.375% due 07/15/2009		555,000		555,000
7.125% due 08/15/2014		3,175,000		2,603,500
8.00% due 04/01/2012		2,010,000		1,839,150
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		1,500,000		1,305,000
9.75% due 04/01/2010		1,770,000		1,708,050
Pinnacle Entertainment, Inc.
7.50% due 06/15/2015 (g)		625,000		492,188
Pokagon Gaming Authority
10.375% due 06/15/2014 (g)		466,000		491,630
Snoqualmie Entertainment Authority
9.125% due 02/01/2015 (g)		1,115,000		953,325
Station Casinos, Inc.
6.50% due 02/01/2014		625,000		375,000
6.875% due 03/01/2016		250,000		145,625
Turning Stone Resort Casino
9.125% due 09/15/2014 (g)		1,895,000		1,809,725
9.125% due 12/15/2010 (g)		1,475,000		1,430,750
Waterford Gaming LLC
8.625% due 09/15/2014 (g)		1,727,000		1,649,285
				33,785,315
Manufacturing - 0.27%
GRUPO KUO SAB de CV
9.75% due 10/17/2017 (g)		1,415,000		1,315,950
Medical-Hospitals - 0.51%
Community Health Systems, Inc.
8.875% due 07/15/2015		500,000		501,875
HCA, Inc.
9.125% due 11/15/2014		540,000		556,200

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Medical-Hospitals (continued)
Sun Healthcare Group, Inc.
9.125% due 04/15/2015	$	1,495,000	$	1,442,675
				2,500,750
Metal & Metal Products - 0.61%
Blaze Recycling & Metals LLC / Blaze Finance Corp.
10.875% due 07/15/2012 (g)		655,000		576,400
CII Carbon LLC
11.125% due 11/15/2015 (g)		1,670,000		1,486,300
PNA Group, Inc.
10.75% due 09/01/2016		1,080,000		939,600
				3,002,300
Mining - 0.56%
Drummond Company, Inc.
7.375% due 02/15/2016 (g)		3,000,000		2,745,000
Paper - 0.43%
NewPage Corp.
10.00% due 05/01/2012 (g)		1,080,000		1,096,200
Pope & Talbot, Inc.
8.375% due 06/01/2013		1,500,000		210,000
Verso Paper, Inc., Series B
9.125% due 08/01/2014		840,000		810,600
				2,116,800
Petroleum Services - 0.33%
Allis-Chalmers Energy, Inc.
8.50% due 03/01/2017		895,000		787,600
McMoRan Exploration Company
11.875% due 11/15/2014		810,000		818,100
				1,605,700
Publishing - 0.44%
Idearc, Inc.
8.00% due 11/15/2016		3,315,000		2,146,463
Railroads & Equipment - 0.09%
American Railcar Industries, Inc.
7.50% due 03/01/2014		500,000		440,000
Sanitary Services - 0.02%
Waste Services, Inc.
9.50% due 04/15/2014		100,000		95,750
Steel - 0.31%
WCI Steel Acquisition, Inc.
8.00% due 05/01/2016		1,535,000		1,511,975
Telecommunications Equipment &
Services - 1.27%
Axtel SAB de CV
7.625% due 02/01/2017 (g)		2,550,000		2,562,750
Citizens Communications Company
7.125% due 03/15/2019		795,000		695,625
Digicel Group, Ltd.
8.875% due 01/15/2015 (g)		1,385,000		1,156,475
West Corp.
11.00% due 10/15/2016		2,140,000		1,808,300
				6,223,150
Telephone - 0.72%
Cincinnati Bell, Inc.
8.375% due 01/15/2014		2,200,000		2,062,500

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

364

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone (continued)
Sprint Capital Corp.
8.375% due 03/15/2012	$	1,615,000	$	1,493,875
				3,556,375
Tobacco - 0.60%
Alliance One International, Inc.
11.00% due 05/15/2012		2,900,000		2,943,500
Transportation - 0.41%
Navios Maritime Holdings, Inc.
9.50% due 12/15/2014		1,085,000		1,080,931
PHI, Inc.
7.125% due 04/15/2013		1,000,000		917,500
				1,998,431
TOTAL CORPORATE BONDS (Cost $210,200,064)			$	201,157,607
COLLATERALIZED MORTGAGE
OBLIGATIONS - 13.42%
Luminent Mortgage Trust, Series 2006-1, Class X
3.8757% IO due 04/25/2036		11,327,623		452,576
American Home Mortgage Assets, Series 2006-6,
Class XP
4.033% IO due 12/25/2046		22,487,586		1,040,051
American Home Mortgage Investment Trust, Series
2007-1, Class GIOP
2.078% IO due 05/25/2047		16,828,630		1,009,718
Banc of America Commercial Mortgage, Inc.,
Series 2006-5, Class A4
5.414% due 09/10/2047		3,380,000		3,320,364
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A4
5.226% due 09/15/2020 (b)		3,850,000		3,843,177
Countrywide Alternative Loan Trust, Series
2005-59, Class 2X
3.802% IO due 11/20/2035		13,967,480		497,591
Countrywide Alternative Loan Trust, Series
2006-OA10, Class XPP
1.948% IO due 08/25/2046 (b)		9,581,595		356,316
Countrywide Alternative Loan Trust, Series
2006-OA8, Class X
1.961% IO due 07/25/2046 (b)		18,088,893		700,945
Countrywide Alternative Loan Trust, Series
2007-OA8, Class X
2.00% IO due 08/25/2047 (b)		11,674,227		456,024
Crown Castle Towers LLC, Series 2006-1A, Class F
6.65% due 11/15/2036 (g)		950,000		857,013
Crown Castle Towers LLC, Series 2006-1A, Class G
6.795% due 11/15/2036 (g)		1,120,000		1,004,598
Federal Home Loan Mortgage Corp., Series 3154,
Class PM
5.50% due 05/15/2034		4,435,000		4,476,406
Federal Home Loan Mortgage Corp., Series 3228,
Class PL
5.50% due 10/15/2034		5,740,000		5,865,557
Federal National Mortgage Association, Series
2006-117, Class PD
5.50% due 07/25/2035		6,300,000		6,286,010
Federal National Mortgage Association, Series
2006-65, Class TE
5.50% due 05/25/2035		2,438,217		2,459,310

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal National Mortgage Association, Series
2006-84, Class MP
5.50% due 08/25/2035	$	7,172,000	$	7,128,203
Global Tower Partners Acquisition
LLC, Series 2007-1A, Class G
7.8737% due 05/15/2037 (g)		620,000		504,345
GMAC Commercial Mortgage Securities, Inc.,
Series 2003-C2, Class A2
5.2982% due 05/10/2040 (b)		6,750,000		6,702,039
Greenwich Capital Commercial Funding Corp.,
Series 2006-GG7, Class A4
5.9128% due 07/10/2038 (b)		3,755,000		3,832,849
GS Mortgage Securities Corp., Series 2006-NIM3,
Class N2
8.112% due 06/25/2046 (g)		266,353		264,688
Harborview Mortgage Loan Trust, Series
2006-SB1, Class A1A
5.176% due 12/19/2036 (b)		2,600,044		1,859,031
Harborview Mortgage Loan Trust,
Series 2005-8, Class 1X
3.625% IO due 09/19/2035 (b)		13,894,056		455,899
Harborview Mortgage Loan Trust,
Series 2007-3, Class ES
0.35% IO due 05/19/2047		32,158,000		241,185
Harborview Mortgage Loan Trust,
Series 2007-4, Class ES
0.35% IO due 07/19/2047		32,289,374		282,532
Harborview Mortgage Loan Trust,
Series 2007-6, Class ES
0.343% IO due 08/19/2037 (g)		22,511,404		168,835
Harborview NIM Corp., Series 2007-3A, Class N1
6.654% due 05/19/2037 (g)		218,397		217,032
Indymac Index Mortgage Loan Trust, Series
2005-AR18, Class 1X
3.7389% IO due 10/25/2036		40,007,000		1,087,690
Indymac Index Mortgage Loan Trust, Series
2005-AR18, Class 2X
3.4058% IO due 10/25/2036 (b)		41,676,633		989,820
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036 (g)		705,000		642,431
SBA CMBS Trust, Series 2006-1A, Class J
7.825% due 11/15/2036 (g)		425,000		373,020
Suntrust Adjustable Rate Mortgage Loan Trust,
Series 2007-2, Class 4A1
5.7422% due 04/25/2037 (b)		3,888,470		3,765,507
WAMU Mortgage Pass Through Certificates, Series
2007-OA6, Class 1XPP
1.5271% IO due 07/25/2047		44,762,585		587,509
WAMU Mortgage Pass Through Certificates,
Series 2007-OA5, Class 1XPP
1.3302% IO due 06/25/2017		76,441,663		907,745
Washington Mutual Mortgage Pass Through
Certificates, Series 2007-OA4, Class XPPP
1.1359% IO due 04/25/2047		33,938,383		509,076
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR12, Class 1A1
6.0229% due 09/25/2036 (b)		2,890,150		2,767,819
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $65,880,976)			$	65,912,911

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

365

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES - 0.68%
Lehman XS Trust, Series 2005-5N, Class 3A2
2.9588% due 11/25/2035 (b)	$	690,431	$	447,631
Lehman XS Trust, Series 2006-2N, Class 1A2
2.9388% due 02/25/2046 (b)		2,608,488		1,628,134
Dominos Pizza Master Issuer LLC, Series 2007-1,
Class M1
7.629% due 04/27/2037 (g)		1,670,000		1,252,500
TOTAL ASSET BACKED SECURITIES
(Cost $3,769,646)			$	3,328,265
SUPRANATIONAL OBLIGATIONS - 5.14%
Supranational - 5.14%
European Investment Bank
6.75% due 11/17/2008	NZD	2,535,000		1,970,310
European Investment Bank, EMTN
4.375% due 03/06/2009	GBP	1,260,000		2,500,940
6.08% due 04/21/2008	NZD	2,090,000		1,640,304
Instituto de Credito Oficial, EMTN
5.00% due 12/07/2009	GBP	1,890,000		3,781,857
Inter-American Development Bank, Series INTL
7.25% due 05/24/2012	NZD	10,585,000		8,270,988
Inter-American Development Bank, Series MPLE
4.25% due 12/02/2012	CAD	4,465,000		4,472,656
International Finance Corp., MTN
7.50% due 02/28/2013	AUD	2,810,000		2,616,869
				25,253,924
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $23,710,413)			$	25,253,924
COMMON STOCKS - 1.45%
Air Travel - 0.21%
Northwest Airlines Corp. *		115,716		1,040,287
Mining - 1.20%
Newmont Mining Corp.		78,270		3,545,631
Silver Standard Resources, Inc. * (a)		78,275		2,374,081
				5,919,712
Telecommunications Equipment &
Services - 0.04%
Chunghwa Telecom Company, Ltd. *		6,773		176,233
TOTAL COMMON STOCKS (Cost $7,542,767)			$	7,136,232
TERM LOANS - 0.52%
Financial Services - 0.09%
Local TV Finance LLC
6.25% due 05/07/2013 (b)	$	516,100		436,105
Healthcare Products - 0.14%
Bausch & Lomb, Inc.
7.978% due 04/11/2015 (b)	EUR	447,150		671,523
Leisure Time - 0.29%
Great Canadian Gaming Corp.
6.39% due 02/07/2014 (b)	$	1,509,750		1,453,134
TOTAL TERM LOANS (Cost $2,662,700)			$	2,560,762

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
WARRANTS - 0.04%
Gold - 0.04%
New Gold, Inc.
(Expiration Date: 06/28/2017, Strike
Price: CAD 15.00) *		107,000	$	198,061
TOTAL WARRANTS (Cost $210,285)			$	198,061
OPTIONS - 0.33%
Call Options - 0.33%
Comcast, Corp.
Expiration 01/16/2010 at $25.00 *		30,000,000		585,000
Over The Counter Purchase Call on the USD vs.
CAD
Expiration 01/25/2010 at $1.30 *		11,780,000		123,337
Expiration 01/22/2010 at $1.30 *		11,780,000		122,465
Expiration 02/26/2010 at $1.30 *		59,500,000		672,112
Over The Counter Purchase Call on the USD vs.
EUR
Expiration 02/26/2009 at $1.20 *		2,360,000		109,669
				1,612,583
TOTAL OPTIONS (Cost $1,689,672)			$	1,612,583
REPURCHASE AGREEMENTS - 0.00%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$17,001 on 04/01/2008,
collateralized by $20,000 Federal
Home Loan Mortgage Corp.,
1.00% due 07/11/2022 (valued at
$19,850, including interest)	$	17,000	$	17,000
TOTAL REPURCHASE AGREEMENTS
(Cost $17,000)			$	17,000
SHORT TERM INVESTMENTS - 3.30%
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008	$	13,900,000	$	13,900,000
John Hancock Cash
Investment Trust, 3.0622% (c)(f)		2,298,966		2,298,966
TOTAL SHORT TERM INVESTMENTS
(Cost $16,198,966)			$	16,198,966
Total Investments (Strategic Income Trust)
(Cost $481,933,134) - 99.16%			$	487,127,452
Other Assets in Excess of Liabilities - 0.84%				4,113,157
TOTAL NET ASSETS - 100.00%			$	491,240,609
Total Bond Market Trust A
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 23.16%
U.S. Treasury Bonds - 5.00%
5.00% due 05/15/2037	$	4,435,000	$	4,961,310
7.875% due 02/15/2021		300,000		416,016
9.25% due 02/15/2016		2,150,000		3,066,438
				8,443,764

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

366

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
U.S. Treasury Notes - 18.16%
2.75% due 02/28/2013	$	8,873,000	$	8,995,004
3.375% due 09/15/2009		5,050,000		5,180,987
3.50% due 02/15/2018		8,059,000		8,105,589
3.875% due 05/15/2010		3,568,000		3,735,806
4.625% due 07/31/2009		160,000		166,475
4.75% due 11/15/2008 to 05/15/2014		4,328,000		4,498,002
				30,681,863
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $37,898,048)			$	39,125,627
U.S. GOVERNMENT AGENCY OBLIGATIONS - 50.61%
Federal Home Loan Bank - 4.08%
3.875% due 01/15/2010 to 06/14/2013		2,725,000		2,794,176
6.00% due 10/01/2036		3,987,337		4,093,691
				6,887,867
Federal Home Loan Mortgage Corp. - 8.31%
4.25% due 07/15/2009		3,300,000		3,382,685
5.75% due 04/15/2008		1,100,000		1,101,480
5.883% due 02/01/2037 (b)		2,601,341		2,642,546
6.00% due 06/15/2011		3,250,000		3,567,808
6.038% due 08/01/2037 (b)		2,601,512		2,671,272
6.25% due 07/15/2032		570,000		679,442
				14,045,233
Federal National Mortgage
Association - 38.22%
3.25% due 04/09/2013		2,000,000		1,998,468
4.375% due 10/15/2015		2,850,000		2,946,983
4.50% due 04/01/2021		1,847,447		1,838,731
4.629% due 01/01/2035 (b)		3,300,032		3,338,933
5.00% due 06/01/2018 to 07/01/2036		9,692,452		9,648,834
5.50% due 08/01/2017 to 04/01/2037		22,820,440		23,135,757
5.51% due 04/01/2036 (b)		964,927		987,783
5.698% due 04/01/2037		3,497,992		3,595,452
6.00% due 08/01/2034 to 03/01/2037		9,418,137		9,664,468
6.125% due 03/15/2012		1,275,000		1,422,557
6.375% due 06/15/2009		2,200,000		2,310,596
6.50% due 07/01/2036		1,072,084		1,111,337
6.625% due 11/15/2030		425,000		525,882
7.125% due 06/15/2010		1,750,000		1,928,089
7.25% due 05/15/2030		100,000		131,842
				64,585,712
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $83,047,735)			$	85,518,812
FOREIGN GOVERNMENT OBLIGATIONS - 0.62%
Canada - 0.21%
Government of Canada
5.25% due 11/05/2008		150,000		152,843
5.75% due 02/15/2009		200,000		205,347
				358,190
Italy - 0.31%
Republic of Italy
4.50% due 01/21/2015		500,000		528,512

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Mexico - 0.10%
Government of Mexico
9.875% due 02/01/2010	$	150,000	$	167,250
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $1,003,259)			$	1,053,952
CORPORATE BONDS - 20.57%
Aerospace - 0.25%
Northrop Grumman Corp.
7.75% due 03/01/2016		350,000		413,868
Agriculture - 0.19%
Archer-Daniels-Midland Company
7.00% due 02/01/2031		300,000		323,681
Aluminum - 0.30%
Alcoa, Inc.
5.72% due 02/23/2019		524,000		512,764
Automobiles - 0.12%
DaimlerChrysler North America Holding
7.20% due 09/01/2009		200,000		206,876
Banking - 2.00%
Bank of America Corp.
5.42% due 03/15/2017		499,000		494,957
7.80% due 02/15/2010		300,000		320,699
Bank One Corp.
7.875% due 08/01/2010		550,000		587,735
KFW International Finance, Inc.
3.25% due 03/30/2009		150,000		150,576
Royal Bank of Scotland Group PLC
5.00% due 11/12/2013		300,000		310,370
US Bank NA, BKNT
6.375% due 08/01/2011		400,000		433,090
Wachovia Bank NA, BKNT
6.60% due 01/15/2038		505,000		467,894
Wachovia Corp.
5.625% due 12/15/2008		600,000		604,972
				3,370,293
Broadcasting - 0.10%
News America, Inc.
6.65% due 11/15/2037 (g)		170,000		171,443
Building Materials & Construction - 0.30%
CRH America, Inc.
6.00% due 09/30/2016		540,000		513,806
Business Services - 0.15%
Science Applications International Corp.
5.50% due 07/01/2033		300,000		259,508
Cable & Television - 0.52%
Cox Communications, Inc.
4.625% due 01/15/2010		200,000		200,096
Time Warner, Inc.
7.25% due 10/15/2017		400,000		414,164
Viacom, Inc.
6.875% due 04/30/2036		275,000		264,813
				879,073

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

367

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Chemicals - 0.12%
E.I. Du Pont de Nemours & Company
6.50% due 01/15/2028	$	200,000	$	210,515
Computers & Business Equipment - 0.34%
Cisco Systems, Inc.
5.25% due 02/22/2011		350,000		365,359
International Business Machines Corp.
4.25% due 09/15/2009		200,000		203,783
				569,142
Domestic Oil - 0.45%
Devon Financing Corp., ULC
6.875% due 09/30/2011		400,000		436,593
Marathon Oil Corp.
5.90% due 03/15/2018		315,000		316,637
				753,230
Drugs & Health Care - 0.31%
Covidien International Finance SA
6.00% due 10/15/2017 (g)		500,000		515,351
Electrical Utilities - 1.39%
Appalachian Power Company
7.00% due 04/01/2038		180,000		176,399
Constellation Energy Group
7.60% due 04/01/2032		365,000		369,725
Dominion Resources, Inc.
5.00% due 03/15/2013		240,000		245,074
Duke Energy Corp.
5.625% due 11/30/2012		400,000		425,291
Exelon Corp.
6.75% due 05/01/2011		395,000		416,799
FirstEnergy Corp.
7.375% due 11/15/2031		450,000		489,510
Indiana Michigan Power Company
6.05% due 03/15/2037		250,000		221,165
				2,343,963
Electronics - 0.12%
Tyco Electronics Group SA
6.00% due 10/01/2012 (g)		205,000		210,113
Financial Services - 5.02%
American Express Bank FSB, BKNT
6.00% due 09/13/2017		525,000		511,811
American Express Company
4.875% due 07/15/2013		500,000		490,980
Ameriprise Financial, Inc.
5.65% due 11/15/2015		325,000		317,378
Bear Stearns Companies, Inc.
5.30% due 10/30/2015		175,000		164,280
7.25% due 02/01/2018		175,000		180,843
Capital One Financial Corp., MTN
5.70% due 09/15/2011		250,000		235,820
CIT Group, Inc.
6.00% due 04/01/2036		400,000		299,502
Citigroup, Inc.
6.875% due 03/05/2038		180,000		179,873
General Electric Capital Corp.
6.125% due 02/22/2011		750,000		797,195
Goldman Sachs Group, Inc.
6.15% due 04/01/2018		210,000		209,688

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Household Finance Corp.
6.375% due 11/27/2012	$	350,000	$	354,488
HSBC Finance Corp.
5.50% due 01/19/2016		290,000		280,538
8.00% due 07/15/2010		700,000		738,702
International Lease Finance Corp., MTN
5.45% due 03/24/2011		400,000		399,624
Lehman Brothers Holdings, Inc., MTN
5.25% due 02/06/2012		420,000		405,273
5.75% due 04/25/2011		200,000		196,566
Merrill Lynch & Company, Inc.
6.875% due 11/15/2018		400,000		400,704
Morgan Stanley
6.75% due 04/15/2011		900,000		943,390
Morgan Stanley, MTN
5.95% due 12/28/2017		425,000		410,744
6.625% due 04/01/2018		180,000		180,063
National Rural Utilities Cooperative Finance Corp.
5.75% due 08/28/2009		250,000		256,697
Wells Fargo Bank NA
6.45% due 02/01/2011 (c)		500,000		531,818
				8,485,977
Food & Beverages - 0.82%
Kraft Foods, Inc.
5.25% due 10/01/2013		500,000		499,992
Kroger Company
6.40% due 08/15/2017		200,000		211,075
Tesco PLC
6.15% due 11/15/2037 (g)		235,000		227,736
Unilever Capital Corp.
7.125% due 11/01/2010		400,000		438,578
				1,377,381
Gas & Pipeline Utilities - 0.78%
Kinder Morgan Energy Partners LP
5.85% due 09/15/2012		415,000		425,580
Texas Eastern Transmission LP
6.00% due 09/15/2017 (g)		190,000		198,879
TransCanada PipeLines, Ltd.
4.00% due 06/15/2013		520,000		505,265
5.85% due 03/15/2036		200,000		189,913
				1,319,637
Healthcare Services - 0.18%
UnitedHealth Group, Inc.
6.625% due 11/15/2037		170,000		157,300
WellPoint, Inc.
6.375% due 06/15/2037		170,000		152,400
				309,700
Holdings Companies/Conglomerates - 0.49%
General Electric Company
5.00% due 02/01/2013		800,000		828,658
Hotels & Restaurants - 0.10%
Yum! Brands, Inc.
6.25% due 03/15/2018		170,000		170,868
Industrial Machinery - 0.43%
Caterpillar, Inc.
7.25% due 09/15/2009		200,000		211,361

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

368

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial Machinery (continued)
John Deere Capital Corp.
5.10% due 01/15/2013	$	500,000	$	519,997
				731,358
Insurance - 0.93%
Allstate Corp.
7.20% due 12/01/2009		400,000		423,142
American International Group, Inc., MTN
5.85% due 01/16/2018		180,000		176,641
Hartford Financial Services Group, Inc.
5.95% due 10/15/2036		230,000		203,415
6.30% due 03/15/2018		180,000		180,341
Lincoln National Corp.
6.30% due 10/09/2037		240,000		216,947
Marsh & McLennan Companies, Inc.
4.85% due 02/15/2013		200,000		196,843
MetLife, Inc.
5.70% due 06/15/2035		200,000		177,916
				1,575,245
International Oil - 0.31%
Pemex Project Funding Master Trust
7.375% due 12/15/2014		300,000		336,845
Talisman Energy, Inc.
6.25% due 02/01/2038		200,000		184,263
				521,108
Leisure Time - 0.31%
Walt Disney Company, MTN
5.625% due 09/15/2016		500,000		523,926
Liquor - 0.19%
Anheuser Busch Company, Inc.
9.00% due 12/01/2009		300,000		327,803
Manufacturing - 0.13%
Honeywell International, Inc.
7.50% due 03/01/2010		200,000		215,561
Petroleum Services - 0.34%
Anadarko Petroleum Corp.
3.25% due 05/01/2008		150,000		149,965
Weatherford International, Ltd.
5.50% due 02/15/2016		430,000		424,011
				573,976
Pharmaceuticals - 0.24%
AstraZeneca PLC
5.90% due 09/15/2017		390,000		412,255
Railroads & Equipment - 0.10%
Canadian National Railway Company
6.375% due 10/15/2011		150,000		161,843
Real Estate - 0.60%
ProLogis, REIT
5.625% due 11/15/2016		180,000		163,680
Realty Income Corp.
5.95% due 09/15/2016		135,000		123,968
Simon Property Group LP, REIT
5.875% due 03/01/2017		245,000		232,212

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Real Estate (continued)
Vornado Realty LP
5.60% due 02/15/2011	$	500,000	$	490,642
				1,010,502
Retail Trade - 1.13%
Federated Department Stores, Inc.
6.625% due 04/01/2011		300,000		300,115
Safeway, Inc.
6.35% due 08/15/2017		520,000		549,636
Target Corp.
7.50% due 08/15/2010		700,000		759,536
Wal-Mart Stores, Inc.
7.55% due 02/15/2030		250,000		293,542
				1,902,829
Telecommunications Equipment &
Services - 0.71%
Deutsche Telekom International Finance BV
8.25% due 06/15/2030		250,000		299,896
SBC Communications, Inc.
5.625% due 06/15/2016		400,000		401,135
Verizon Communications, Inc.
7.375% due 09/01/2012		450,000		494,273
				1,195,304
Telephone - 1.10%
AT&T, Inc.
5.50% due 02/01/2018		500,000		489,570
6.30% due 01/15/2038		205,000		198,220
BellSouth Corp.
4.20% due 09/15/2009		200,000		201,322
British Telecommunications PLC
5.95% due 01/15/2018		170,000		164,721
9.125% due 12/15/2030		250,000		310,494
Sprint Capital Corp.
6.875% due 11/15/2028		400,000		298,000
Verizon Communications, Inc.
6.40% due 02/15/2038		200,000		194,714
				1,857,041
TOTAL CORPORATE BONDS (Cost $34,999,002)			$	34,754,598
COLLATERALIZED MORTGAGE
OBLIGATIONS - 2.45%
Banc of America Commercial Mortgage, Inc.,
Series 2006-1, Class AM
5.421% due 09/10/2045 (b)		200,000		182,738
Banc of America Commercial Mortgage, Inc.,
Series 2006-3, Class A4
5.889% due 07/10/2044		1,300,000		1,318,046
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW11, Class AM
5.4569% due 03/11/2039 (b)		200,000		184,558
Citigroup Commercial Mortgage Trust, Series
2006-C4, Class A1
5.7248% due 03/15/2049 (b)		484,730		486,602
Citigroup/Deutsche Bank Commercial Mortgage,
Series 2006-CD2, Class AM
5.4092% due 01/15/2046 (b)		200,000		176,096

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

369

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (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	$	185,610
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class A3B
5.447% due 05/15/2045 (b)		205,000		193,519
LB-UBS Commercial Mortgage Trust, Series
2000-C3, Class A2
7.95% due 05/15/2025 (b)		978,661		1,018,761
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C24, Class A2
5.506% due 03/15/2045 (b)		33,150		33,049
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C27, Class A1
5.405% due 07/15/2045 (b)		362,292		361,492
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $4,254,962)			$	4,140,471
ASSET BACKED SECURITIES - 1.10%
American Express Issuance Trust, Series 2008-1,
Class A
3.6587% due 12/15/2010 (b)		500,000		500,000
BA Credit Card Trust, Series 2008-A3, Class A3
3.5212% due 08/15/2011 (b)		685,000		684,703
Credit-Based Asset Servicing and Securitization,
Series 2006-CB2, Class AF2
5.501% due 12/25/2036 (b)		250,000		241,423
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-2, Class A1
5.773% due 06/12/2046 (b)		295,998		297,203
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF2
5.533% due 05/25/2036 (b)		39,496		39,126
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF3
5.608% due 05/25/2036 (b)		100,000		96,852
TOTAL ASSET BACKED SECURITIES
(Cost $1,871,220)			$	1,859,307
REPURCHASE AGREEMENTS - 3.63%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$6,133,273 on 04/01/2008,
collateralized by $6,130,000
Federal Home Loan Mortgage
Corp., 2.875% due 04/30/2010
(valued at $6,260,263, including
interest)	$	6,133,000	$	6,133,000
TOTAL REPURCHASE AGREEMENTS
(Cost $6,133,000)			$	6,133,000
Total Investments (Total Bond Market Trust A)
(Cost $169,207,226) - 102.14%			$	172,585,767
Liabilities in Excess of Other Assets - (2.14)%				(3,622,376)
TOTAL NET ASSETS - 100.00%			$	168,963,391

Total Bond Market Trust B
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 22.38%
U.S. Treasury Bonds - 14.17%
5.00% due 05/15/2037	$	310,000	$	346,788
5.50% due 08/15/2028		270,000		313,031
6.125% due 11/15/2027 to 08/15/2029		970,000		1,208,980
6.25% due 05/15/2030		1,300,000		1,661,765
6.625% due 02/15/2027		295,000		383,846
6.75% due 08/15/2026		775,000		1,016,643
7.50% due 11/15/2016		2,200,000		2,873,750
7.875% due 02/15/2021		900,000		1,248,047
8.75% due 08/15/2020		1,400,000		2,055,813
8.875% due 08/15/2017		1,550,000		2,208,023
9.25% due 02/15/2016		3,550,000		5,063,188
11.25% due 02/15/2015		2,010,000		3,048,449
11.75% due 11/15/2014		465,000		539,255
12.00% due 08/15/2013		1,000,000		1,037,891
13.25% due 05/15/2014		1,200,000		1,352,156
				24,357,625
U.S. Treasury Notes - 8.21%
2.75% due 02/28/2013		955,000		968,131
3.25% due 12/31/2009		4,000,000		4,110,312
3.50% due 02/15/2018		4,683,000		4,710,073
3.875% due 05/15/2010		200,000		209,406
4.75% due 05/15/2014		1,230,000		1,380,771
5.00% due 02/15/2011 to 08/15/2011		2,485,000		2,723,424
				14,102,117
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $36,807,314)			$	38,459,742
U.S. GOVERNMENT AGENCY OBLIGATIONS - 50.68%
Federal Home Loan Bank - 1.58%
3.875% due 01/15/2010 to 06/14/2013		2,650,000		2,717,481
Federal Home Loan Mortgage Corp. - 9.53%
4.00% due 05/01/2009		64,488		64,583
4.25% due 07/15/2009		2,650,000		2,716,398
4.50% due 05/01/2024 to 10/01/2033		552,175		536,560
5.00% due 10/01/2009 to 04/01/2024		480,498		484,810
5.50% due 02/01/2023		261,009		265,939
5.75% due 04/15/2008 to 01/15/2012		3,700,000		3,823,894
5.883% due 02/01/2037 (b)		2,601,340		2,642,545
6.00% due 01/01/2009 to 06/01/2022		1,102,694		1,203,540
6.038% due 08/01/2037 (b)		2,789,708		2,864,514
6.25% due 07/15/2032		450,000		536,402
6.50% due 11/01/2015 to 06/01/2021		158,431		165,912
6.625% due 09/15/2009		720,000		764,733
7.00% due 02/01/2016 to 04/01/2032		200,670		212,856
7.50% due 02/01/2016 to 03/01/2032		63,748		68,831
8.00% due 02/01/2030		9,910		10,758
8.50% due 10/01/2031		13,528		15,000
				16,377,275
Federal National Mortgage
Association - 36.83%
3.25% due 04/09/2013		1,000,000		999,234
4.00% due 11/01/2010 to 08/01/2020		1,454,137		1,426,288
4.50% due 12/01/2020 to 06/01/2034		4,481,307		4,447,093
4.629% due 01/01/2035 (b)		3,400,033		3,440,113
5.00% due 07/01/2020 to 12/01/2034		11,132,084		11,117,455
5.50% due 01/01/2009 to 09/01/2036		15,853,397		16,050,579

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

370

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)	$	868,434	$	889,004
5.698% due 04/01/2037		5,413,558		5,564,390
6.00% due 10/01/2013 to 05/01/2035		6,292,021		6,470,062
6.125% due 03/15/2012		2,300,000		2,566,181
6.25% due 05/15/2029		415,000		489,249
6.375% due 06/15/2009		2,800,000		2,940,759
6.50% due 02/01/2015 to 02/01/2036		2,881,519		2,993,397
6.625% due 09/15/2009 to 11/15/2030		2,130,000		2,328,926
7.00% due 12/01/2012 to 10/01/2032		489,432		516,700
7.125% due 01/15/2030		209,000		271,637
7.25% due 05/15/2030		450,000		593,291
7.50% due 10/01/2015 to 08/01/2031		114,006		122,850
8.00% due 08/01/2030 to 09/01/2031		50,127		54,328
8.50% due 09/01/2030		7,318		8,062
				63,289,598
Government National Mortgage
Association - 2.43%
4.50% due 05/15/2019 to 08/15/2033		165,117		162,228
5.00% due 05/15/2018 to 06/15/2034		824,358		827,150
5.50% due 11/15/2032 to 11/15/2034		1,402,557		1,433,754
6.00% due 04/15/2017 to 07/15/2034		901,538		934,025
6.50% due 01/15/2016 to 01/15/2033		483,025		504,573
7.00% due 08/15/2029 to 05/15/2032		215,120		229,933
7.50% due 08/15/2029 to 01/15/2031		53,144		57,274
8.00% due 04/15/2031		10,175		11,167
8.50% due 09/15/2030		6,804		7,487
9.00% due 01/15/2031		4,021		4,427
				4,172,018
Tennessee Valley Authority - 0.19%
6.75% due 11/01/2025		260,000		327,600
The Financing Corp. - 0.12%
8.60% due 09/26/2019		150,000		207,435
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $84,672,287)			$	87,091,407
FOREIGN GOVERNMENT OBLIGATIONS - 1.85%
Canada - 0.51%
Government of Canada
5.25% due 11/05/2008		125,000		127,369
Province of Manitoba Canada
9.625% due 12/01/2018		300,000		440,319
Province of Quebec Canada
7.50% due 07/15/2023		100,000		127,192
Province of Quebec Canada
7.125% due 02/09/2024		150,000		185,099
				879,979
Italy - 0.33%
Republic of Italy
6.875% due 09/27/2023		460,000		570,160
Malaysia - 0.03%
Government of Malaysia
8.75% due 06/01/2009		50,000		53,090

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Mexico - 0.63%
Government of Mexico
9.875% due 02/01/2010	$	970,000	$	1,081,550
South Korea - 0.35%
Republic of Korea
8.875% due 04/15/2008		600,000		600,931
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $2,951,526)			$	3,185,710
CORPORATE BONDS - 19.59%
Aerospace - 0.27%
Boeing Company
8.75% due 09/15/2031		90,000		123,648
Northrop Grumman Corp.
7.75% due 03/01/2016		75,000		88,686
United Technologies Corp.
6.10% due 05/15/2012		180,000		193,853
8.875% due 11/15/2019		50,000		66,866
				473,053
Agriculture - 0.24%
Archer-Daniels-Midland Company
7.00% due 02/01/2031		385,000		415,390
Aluminum - 0.20%
Alcan Aluminum, Ltd.
6.125% due 12/15/2033		200,000		191,147
Alcoa, Inc.
5.72% due 02/23/2019		149,000		145,805
				336,952
Automobiles - 0.39%
DaimlerChrysler North America Holding
7.20% due 09/01/2009		650,000		672,346
Banking - 1.64%
Bank of America Corp.
5.42% due 03/15/2017		300,000		297,569
Bank One Corp.
7.875% due 08/01/2010		300,000		320,583
KFW International Finance, Inc.
3.25% due 03/30/2009		500,000		501,921
Nationsbank Corp.
7.75% due 08/15/2015		400,000		459,182
Royal Bank of Scotland Group PLC
5.00% due 11/12/2013		300,000		310,370
6.40% due 04/01/2009		150,000		153,646
SMBC International Finance NV
8.50% due 06/15/2009		100,000		106,446
US Bank NA, BKNT
6.375% due 08/01/2011		325,000		351,886
Wachovia Bank NA, BKNT
6.60% due 01/15/2038		260,000		240,896
Wachovia Corp.
5.625% due 12/15/2008		75,000		75,621
				2,818,120
Broadcasting - 0.58%
Clear Channel Communications, Inc.
7.65% due 09/15/2010		400,000		422,482

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

371

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Broadcasting (continued)
News America Holdings
7.70% due 10/30/2025	$	100,000	$	109,565
8.00% due 10/17/2016		250,000		286,995
News America, Inc.
6.65% due 11/15/2037 (g)		175,000		176,486
				995,528
Cable & Television - 0.59%
Comcast Cable Communications
8.875% due 05/01/2017		75,000		85,789
Tele-Communications-TCI Group
7.125% due 02/15/2028		70,000		70,474
Time Warner Entertainment Company LP
8.375% due 07/15/2033		200,000		225,037
Time Warner, Inc.
7.25% due 10/15/2017		350,000		362,393
7.625% due 04/15/2031		75,000		78,443
Viacom, Inc.
6.875% due 04/30/2036		145,000		139,629
7.875% due 07/30/2030		50,000		48,687
				1,010,452
Cellular Communications - 0.50%
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		300,000		326,313
Vodafone Group PLC
7.75% due 02/15/2010		500,000		529,885
				856,198
Chemicals - 0.12%
E.I. Du Pont de Nemours & Company
6.50% due 01/15/2028		150,000		157,886
Eastman Chemical Company
7.60% due 02/01/2027		50,000		52,407
				210,293
Computers & Business Equipment - 0.42%
International Business Machines Corp.
4.25% due 09/15/2009		600,000		611,349
7.00% due 10/30/2025		100,000		110,302
				721,651
Cosmetics & Toiletries - 0.06%
Procter & Gamble Company
6.45% due 01/15/2026		100,000		110,369
Domestic Oil - 0.60%
Anadarko Finance Company, Series B
6.75% due 05/01/2011		200,000		213,621
ConocoPhillips
6.65% due 07/15/2018		50,000		56,911
Devon Financing Corp., ULC
6.875% due 09/30/2011		400,000		436,593
Marathon Oil Corp.
5.90% due 03/15/2018		320,000		321,664
				1,028,789
Drugs & Health Care - 0.37%
Covidien International Finance SA
6.00% due 10/15/2017 (g)		530,000		546,273

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Drugs & Health Care (continued)
Eli Lilly & Company
7.125% due 06/01/2025	$	80,000	$	91,369
				637,642
Electrical Utilities - 1.45%
Alabama Power Company
5.70% due 02/15/2033		80,000		75,119
Alabama Power Company, Series Q
5.50% due 10/15/2017		100,000		102,381
Cincinnati Gas & Electric Company
5.70% due 09/15/2012		300,000		315,376
Constellation Energy Group, Inc.
7.00% due 04/01/2012		240,000		255,241
Dominion Resources, Inc.
5.00% due 03/15/2013		250,000		255,286
Duke Energy Corp.
5.625% due 11/30/2012		400,000		425,291
FirstEnergy Corp.
7.375% due 11/15/2031		246,000		267,599
Hydro Quebec, Series HY
8.40% due 01/15/2022		100,000		136,806
Oncor Electric Delivery Company
6.375% due 05/01/2012		400,000		411,609
Progress Energy, Inc.
7.10% due 03/01/2011		235,000		252,959
				2,497,667
Energy - 0.63%
CalEnergy Company, Inc.
8.48% due 09/15/2028		60,000		71,924
Niagara Mohawk Power Corp., Series G
7.75% due 10/01/2008		200,000		203,510
Norsk Hydro ASA
7.25% due 09/23/2027		75,000		86,314
Occidental Petroleum Corp.
6.75% due 01/15/2012		265,000		293,261
Sempra Energy
6.00% due 02/01/2013		400,000		424,714
				1,079,723
Financial Services - 4.65%
American Express Bank FSB, BKNT
6.00% due 09/13/2017		350,000		341,207
American Express Company
4.875% due 07/15/2013		150,000		147,294
Ameriprise Financial, Inc.
5.65% due 11/15/2015		350,000		341,791
Bear Stearns Companies, Inc.
5.30% due 10/30/2015		180,000		168,973
7.25% due 02/01/2018		180,000		186,011
CIT Group, Inc.
6.00% due 04/01/2036		175,000		131,032
Citigroup, Inc.
5.875% due 02/22/2033		190,000		159,881
6.625% due 01/15/2028		100,000		92,020
6.875% due 03/05/2038		185,000		184,869
Credit Suisse First Boston USA, Inc.
6.50% due 01/15/2012		400,000		425,185
FleetBoston Financial Corp.
6.70% due 07/15/2028		75,000		78,385

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

372

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (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. (continued)
7.375% due 12/01/2009	$	100,000	$	106,348
General Electric Capital Corp.
6.125% due 02/22/2011		1,150,000		1,222,366
Goldman Sachs Group, Inc.
6.15% due 04/01/2018		215,000		214,681
6.345% due 02/15/2034		160,000		138,543
7.35% due 10/01/2009		500,000		525,694
HSBC Finance Corp.
5.875% due 02/01/2009		280,000		282,100
8.00% due 07/15/2010		350,000		369,351
HSBC Holdings PLC
7.50% due 07/15/2009		150,000		155,306
Lehman Brothers Holdings, Inc., MTN
5.25% due 02/06/2012		135,000		130,266
MBNA Corp.
5.00% due 06/15/2015		250,000		250,549
Merrill Lynch & Company, Inc.
5.45% due 07/15/2014		170,000		163,273
6.875% due 11/15/2018		120,000		120,211
Morgan Stanley
6.75% due 04/15/2011		250,000		262,053
Morgan Stanley, MTN
5.95% due 12/28/2017		255,000		246,447
6.625% due 04/01/2018		185,000		185,065
National Rural Utilities Cooperative Finance Corp.
5.75% due 08/28/2009		700,000		718,752
Toyota Motor Credit Corp.
5.50% due 12/15/2008		60,000		60,628
Wells Fargo Bank NA
6.45% due 02/01/2011		550,000		584,999
				7,993,280
Food & Beverages - 1.09%
Coca-Cola Enterprises, Inc.
8.50% due 02/01/2022		100,000		126,749
ConAgra Foods, Inc.
5.819% due 06/15/2017		62,000		62,605
7.875% due 09/15/2010		167,000		182,445
9.75% due 03/01/2021		13,000		17,649
General Mills, Inc.
6.00% due 02/15/2012		250,000		262,193
Kraft Foods, Inc.
5.25% due 10/01/2013		325,000		324,995
Kroger Company
6.40% due 08/15/2017		210,000		221,629
Pepsi Bottling Group, Inc., Series B
7.00% due 03/01/2029		100,000		116,028
Sara Lee Corp.
6.25% due 09/15/2011		100,000		105,942
Tesco PLC
6.15% due 11/15/2037 (g)		245,000		237,427
Unilever Capital Corp.
7.125% due 11/01/2010		200,000		219,289
				1,876,951
Healthcare Services - 0.19%
UnitedHealth Group, Inc.
6.625% due 11/15/2037		175,000		161,926

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Services (continued)
WellPoint, Inc.
6.375% due 06/15/2037	$	175,000	$	156,883
				318,809
Hotels & Restaurants - 0.10%
Yum! Brands, Inc.
6.25% due 03/15/2018		170,000		170,867
Industrial Machinery - 0.17%
Caterpillar, Inc.
5.30% due 09/15/2035		62,000		57,207
John Deere Capital Corp.
5.10% due 01/15/2013		170,000		176,799
6.00% due 02/15/2009		60,000		61,306
				295,312
Industrials - 0.03%
Hartford Financial Services Group, Inc.
6.10% due 10/01/2041		50,000		44,213
Insurance - 0.41%
Allstate Corp.
7.20% due 12/01/2009		170,000		179,835
AXA SA
8.60% due 12/15/2030		120,000		129,137
Marsh & McLennan Companies, Inc.
4.85% due 02/15/2013		240,000		236,212
Torchmark Corp.
8.25% due 08/15/2009		100,000		106,728
Travelers Property Casualty Corp.
7.75% due 04/15/2026		50,000		55,839
				707,751
International Oil - 0.50%
Pemex Project Funding Master Trust
7.375% due 12/15/2014		260,000		291,933
Talisman Energy, Inc.
6.25% due 02/01/2038		610,000		562,001
				853,934
Liquor - 0.30%
Anheuser Busch Company, Inc.
9.00% due 12/01/2009		470,000		513,558
Manufacturing - 0.05%
Honeywell International, Inc.
7.50% due 03/01/2010		75,000		80,835
Paper - 0.08%
MeadWestvaco Corp.
6.85% due 04/01/2012		100,000		103,803
7.10% due 11/15/2009		35,000		37,000
				140,803
Petroleum Services - 0.08%
Tosco Corp.
8.125% due 02/15/2030		110,000		138,408
Pharmaceuticals - 0.27%
Schering Plough Corp.
5.55% due 12/01/2013		250,000		258,205
Wyeth
5.50% due 03/15/2013		200,000		211,782
				469,987

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

373

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Railroads & Equipment - 0.24%
Canadian National Railway Company
6.375% due 10/15/2011	$	300,000	$	323,686
Union Pacific Corp.
6.625% due 02/01/2029		85,000		86,439
				410,125
Real Estate - 0.24%
ProLogis, REIT
5.625% due 11/15/2016		185,000		168,227
Simon Property Group LP, REIT
5.875% due 03/01/2017		255,000		241,690
				409,917
Retail Grocery - 0.09%
The Kroger Company
8.05% due 02/01/2010		150,000		159,960
Retail Trade - 0.82%
Federated Department Stores, Inc.
6.625% due 04/01/2011		200,000		200,077
Kellogg Company, Series B
7.45% due 04/01/2031		100,000		115,888
Safeway, Inc.
5.80% due 08/15/2012		150,000		157,273
6.35% due 08/15/2017		535,000		565,491
Target Corp.
6.75% due 01/01/2028		25,000		24,708
7.50% due 08/15/2010		100,000		108,505
Wal-Mart Stores, Inc.
6.75% due 10/15/2023		100,000		110,339
7.55% due 02/15/2030		110,000		129,158
				1,411,439
Telecommunications Equipment &
Services - 0.81%
Deutsche Telekom International Finance BV
8.25% due 06/15/2030		546,000		654,973
France Telecom SA
8.50% due 03/01/2031		100,000		123,890
Verizon Global Funding Corp.
4.375% due 06/01/2013		370,000		361,742
7.25% due 12/01/2010		230,000		247,014
				1,387,619
Telephone - 1.35%
Ameritech Capital Funding
6.875% due 10/15/2027		60,000		60,505
AT&T, Inc.
5.50% due 02/01/2018		500,000		489,570
6.30% due 01/15/2038		210,000		203,054
BellSouth Corp.
6.875% due 10/15/2031		200,000		203,323
British Telecommunications PLC
5.95% due 01/15/2018		175,000		169,565
8.625% due 12/15/2010		200,000		219,953
9.125% due 12/15/2030		130,000		161,457
GTE Corp.
6.94% due 04/15/2028		100,000		100,937
Sprint Capital Corp.
6.875% due 11/15/2028		150,000		111,750
7.625% due 01/30/2011		300,000		277,500

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone (continued)
Telefonica Europe BV
8.25% due 09/15/2030	$	100,000	$	116,784
Verizon Communications, Inc.
6.40% due 02/15/2038		210,000		204,450
				2,318,848
Utility Service - 0.06%
United Utilities PLC
6.875% due 08/15/2028		100,000		95,691
TOTAL CORPORATE BONDS (Cost $33,221,755)			$	33,662,480
COLLATERALIZED MORTGAGE
OBLIGATIONS - 2.44%
Bear Stearns Commercial Mortgage Securities,
Series 2004-PWR3, Class A4
4.715% due 02/11/2041		500,000		493,378
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class A2
7.631% due 07/15/2032		300,000		313,243
Citigroup Commercial Mortgage Trust, Series
2006-C4, Class A1
5.7248% due 03/15/2049 (b)		484,730		486,602
LB Commercial Conduit Mortgage Trust,
Series 1999-C2, Class A2
7.325% due 10/15/2032		388,419		395,739
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class AM
5.6584% due 05/12/2039 (b)		800,000		746,467
Prudential Commercial Mortgage Trust,
Series 2003-PWR1, Class A2
4.493% due 02/11/2036		450,000		433,624
Salomon Brothers Mortgage Securities VII,
Series 2000-C1, Class A2
7.52% due 12/18/2009 (b)		295,193		303,292
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		500,000		511,762
Wachovia Bank Commercial Mortgage Trust,
Series 2004-C11, Class A5
5.215% due 01/15/2041 (b)		500,000		499,865
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $4,350,834)			$	4,183,972
ASSET BACKED SECURITIES - 1.81%
American Express Issuance Trust, Series 2008-1,
Class A
3.6587% due 12/15/2010 (b)		515,000		515,000
BA Credit Card Trust, Series 2008-A3, Class A3
3.5212% due 08/15/2011 (b)		665,000		664,712
Detroit Edison Securitization Funding, LLC,
Series 2001-1, Class A6
6.62% due 03/01/2016		250,000		274,636
GE Capital Commercial Mortgage Corp.,
Series 2001-2, Class A4
6.29% due 08/11/2033 (b)		550,000		560,914
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2004-CB8, Class A4
4.404% due 01/12/2039 (b)		400,000		383,288

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

374

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Massachusetts RRB Special Purpose Trust,
Series 1999-1, Class A5
7.03% due 03/15/2012	$	119,738	$	125,254
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-2, Class A1
5.773% due 06/12/2046 (b)		591,997		594,407
TOTAL ASSET BACKED SECURITIES
(Cost $3,177,986)			$	3,118,211
SUPRANATIONAL OBLIGATIONS - 0.32%
Supranational - 0.32%
African Development Bank
6.875% due 10/15/2015		35,000		40,649
Asian Development Bank
5.593% due 07/16/2018		250,000		279,715
Inter-American Development Bank
8.50% due 03/15/2011		200,000		231,737
				552,101
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $517,720)			$	552,101
REPURCHASE AGREEMENTS - 3.11%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$5,339,237 on 04/01/2008,
collateralized by $5,490,000
Federal Home Loan Mortgage
Corp., 7.00% due 07/11/2022
(valued at $5,448,825, including
interest)	$	5,339,000	$	5,339,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,339,000)			$	5,339,000
Total Investments (Total Bond Market Trust B)
(Cost $171,038,422) - 102.18%			$	175,592,623
Liabilities in Excess of Other Assets - (2.18)%				(3,745,633)
TOTAL NET ASSETS - 100.00%			$	171,846,990
Total Return Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 0.07%
Treasury Inflation Protected
Securities (d) - 0.07%
3.00% due 07/15/2012	$	1,530,152	$	1,714,965
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $1,710,860)			$	1,714,965
U.S. GOVERNMENT AGENCY OBLIGATIONS - 70.54%
6.00% due 12/01/2036 to 01/01/2038		5,290,627		5,431,594
6.00% due 12/01/2035 to 01/01/2038		55,128,648		56,528,110
Federal Home Loan Mortgage Corp. - 7.38%
3.916% due 06/01/2034		758,624		762,902
5.00% due 05/01/2018 to 12/01/2018		2,457,354		2,493,993

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
5.50% due 04/01/2037	$	14,849,325	$	15,008,997
5.50% TBA **		100,500,000		101,473,644
6.00% due 03/01/2016 to 12/01/2037		19,007,212		19,509,359
6.00% TBA **		29,000,000		29,734,048
7.052% due 01/01/2029 (b)		402,617		410,346
				169,393,289
Federal National Mortgage
Association - 59.75%
4.689% due 09/01/2035 (b)		7,654,938		7,753,203
5.00% due 11/01/2017 to 03/01/2037		174,679,938		174,482,863
5.00% TBA **		195,000,000		193,090,842
5.433% due 05/01/2036 (b)		4,384,629		4,412,143
5.50% due 11/01/2016 to 06/01/2037		348,413,275		352,679,545
5.50% TBA **		334,000,000		336,746,250
5.722% due 06/01/2043 (b)		2,315,823		2,301,792
5.922% due 10/01/2040 (b)		361,713		361,011
6.00% due 03/01/2016 to 12/01/2037		275,931,238		282,948,294
6.00% TBA **		4,400,000		4,507,250
6.50% TBA **		12,200,000		12,634,625
7.032% due 07/01/2009 (b)		98,423		99,216
				1,372,017,034
Government National Mortgage
Association - 0.37%
5.00% due 11/20/2034 to 03/20/2035		1,275,702		1,131,072
5.125% due 10/20/2029 to 11/20/2029 (b)		638,003		636,244
5.625% due 09/20/2021 (b)		92,772		93,641
5.75% due 01/20/2032 to 02/20/2032 (b)		1,054,573		1,064,378
6.00% due 04/15/2037 to 05/15/2037		4,455,077		4,604,456
6.375% due 05/20/2023 to 05/20/2030 (b)		1,027,082		1,050,105
				8,579,896
Small Business Administration - 0.34%
4.504% due 02/10/2014		749,639		733,053
4.88% due 11/01/2024		154,370		154,569
5.13% due 07/01/2023		258,214		261,397
5.52% due 06/01/2024		5,276,988		5,459,846
6.344% due 08/10/2011		1,015,227		1,048,088
7.449% due 08/01/2010		59,765		61,270
				7,718,223
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $1,598,706,355)			$	1,619,668,146
FOREIGN GOVERNMENT OBLIGATIONS - 0.08%
Brazil - 0.06%
Federative Republic of Brazil
10.25% due 01/10/2028	BRL	2,600,000		1,379,495
South Africa - 0.02%
Republic of South Africa
5.875% due 05/30/2022	$	500,000		470,067
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $2,019,660)			$	1,849,562

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

375

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS - 28.56%
Air Travel - 0.01%
American Airlines, Series 2001-2, Class A-1
6.978% due 04/01/2011	$	155,940	$	154,186
Automobiles - 0.34%
DaimlerChrysler N.A. Holding Corp.
3.2975% due 03/13/2009 (b)		3,000,000		2,960,739
DaimlerChrysler N.A. Holding Corp., MTN
3.5618% due 08/03/2009 (b)		3,500,000		3,445,596
DaimlerChrysler NA Holding Corp., MTN
3.2175% due 03/13/2009 (b)		1,300,000		1,283,928
				7,690,263
Banking - 7.65%
American Express Centurion Bank, BKNT
2.955% due 06/12/2009 (b)		8,200,000		8,171,234
ANZ National International, Ltd.
3.1675% due 08/07/2009 (b)(g)		5,000,000		4,989,570
Bank of America NA, BKNT
2.7637% due 12/18/2008 (b)		1,900,000		1,895,638
6.00% due 10/15/2036		1,400,000		1,339,304
Bank of Ireland YCD
5.3956% due 01/15/2010		10,500,000		10,704,698
Bank of Ireland, MTN
2.8137% due 12/18/2009 (b)		9,000,000		8,973,936
Barclays Bank PLC
5.45% due 09/12/2012		32,500,000		33,287,833
China Development Bank
5.00% due 10/15/2015		500,000		497,512
Credit Agricole SA
3.09% due 05/28/2009 (b)(g)		3,400,000		3,402,591
3.14% due 05/28/2010 (b)(g)		3,900,000		3,900,694
Deutsche Bank AG
6.00% due 09/01/2017		6,700,000		6,975,497
DnB NORBank ASA
4.4468% due 10/13/2009 (b)(g)		3,300,000		3,303,046
Export-Import Bank of China
4.875% due 07/21/2015 (g)		500,000		501,335
Export-Import Bank of Korea
3.1656% due 06/01/2009 (b)		4,800,000		4,808,102
Fortis Bank SA, Series YCD
2.6225% due 04/28/2008 (b)		2,100,000		2,099,815
HSBC Bank USA, BKNT
3.13% due 06/10/2009 (b)		1,200,000		1,196,249
HSBC Finance Corp.
2.93% due 09/15/2008 (b)		8,600,000		8,517,689
3.9537% due 10/21/2009 (b)		2,600,000		2,509,390
HSBC Holdings PLC
6.50% due 05/02/2036		1,300,000		1,257,636
6.50% due 09/15/2037		1,600,000		1,517,826
National Australia Bank, Ltd.
2.9787% due 09/11/2009 (b)(g)		3,800,000		3,796,838
Nordea Bank Finland PLC, Series YCD
5.2975% due 05/28/2008		2,900,000		2,901,407
Residential Capital LLC
6.1781% due 05/22/2009 (b)		4,500,000		2,565,000
Resona Bank, Ltd.
5.85% due 09/29/2049 (b)(g)		700,000		581,707
Royal Bank of Scotland Group PLC
3.9437% due 07/21/2008 (b)(g)		2,900,000		2,895,203

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Banking (continued)
Santander Perpetual SA Unipersonal
6.671% due 10/29/2049 (b)(g)	$	6,700,000	$	6,037,779
Santander US Debt SA Unipersonal
2.6588% due 09/19/2008 (b)(g)		6,600,000		6,581,626
3.0743% due 11/20/2009 (g)		4,100,000		4,055,880
State Street Capital Trust IV
6.6943% due 06/01/2067 (b)		600,000		449,448
UBS AG/Stamford Branch, Series DPNT
5.875% due 12/20/2017		2,600,000		2,657,533
USB Capital IX
6.189% due 03/29/2049 (b)		500,000		371,250
VTB Capital SA
3.8393% due 08/01/2008 (b)(g)		3,500,000		3,460,625
Wachovia Bank NA, BKNT
3.1525% due 05/25/2010 (b)		16,500,000		15,920,174
4.6725% due 10/03/2008		2,600,000		2,589,350
Wachovia Corp, MTN
3.1256% due 12/01/2009 (b)		800,000		778,622
Wachovia Corp.
5.625% due 10/15/2016		300,000		286,211
5.75% due 02/01/2018		7,600,000		7,482,784
Westpac Banking Corp., Series DPNT
3.04% due 06/06/2008 (b)		2,300,000		2,299,558
				175,560,590
Biotechnology - 0.34%
Amgen, Inc.
3.17% due 11/28/2008 (b)		7,900,000		7,890,710
Cable & Television - 0.43%
AT&T Broadband Corp.
8.375% due 03/15/2013		200,000		222,166
Comcast Corp.
4.6768% due 07/14/2009 (b)		4,400,000		4,281,614
5.875% due 02/15/2018		1,000,000		974,037
6.45% due 03/15/2037		1,000,000		942,339
Time Warner, Inc.
3.30% due 11/13/2009 (b)		3,700,000		3,542,916
				9,963,072
Chemicals - 0.09%
Rohm & Haas Company
6.00% due 09/15/2017		2,100,000		2,131,672
Coal - 0.05%
Peabody Energy Corp.
7.875% due 11/01/2026		1,200,000		1,191,000
Crude Petroleum & Natural Gas - 0.24%
Anadarko Petroleum Corp.
3.20% due 09/15/2009 (b)		5,700,000		5,592,122
Electrical Utilities - 0.14%
Dominion Resources, Inc.
5.70% due 09/17/2012		150,000		157,080
PSEG Power LLC
6.95% due 06/01/2012		100,000		106,972
Southern California Edison Company
3.2119% due 02/02/2009 (b)		2,600,000		2,510,479
Virginia Electric & Power Company
6.35% due 11/30/2037		500,000		511,233
				3,285,764

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

376

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services - 14.57%
Abbey National Treasury Services PLC, Series YCD
3.0693% due 07/02/2008 (b)	$	4,400,000	$	4,387,134
AIG Matched Funding Corp.
2.80% due 06/16/2008 (b)(g)		3,500,000		3,488,306
American Express Bank FSB, BKNT
2.5956% due 10/20/2009 (b)		4,300,000		4,269,388
6.00% due 09/13/2017		300,000		292,463
American Express Centurion Bank, BKNT
3.075% due 05/07/2008 (b)		4,200,000		4,199,156
6.00% due 09/13/2017		300,000		291,017
American Express Company
7.00% due 03/19/2018		1,000,000		1,049,819
American Express Credit Corp., MTN
3.1793% due 03/02/2009 (b)		4,300,000		4,275,008
American Honda Finance Corp, MTN
3.1462% due 02/09/2010 (b)(g)		4,600,000		4,594,866
Bear Stearns Companies, Inc., MTN
3.16% due 08/21/2009 (b)		13,200,000		12,486,910
4.325% due 07/16/2009 (b)		4,400,000		4,250,096
Bear Stearns Companies, Inc., Series B, MTN
2.7613% due 03/30/2009 (b)		3,800,000		3,612,003
C10 Capital SPV, Ltd.
6.722% due 12/01/2049 (b)(g)		2,500,000		2,310,250
Calabash Re, Ltd.
11.20% due 01/08/2010 (b)(g)		3,100,000		3,137,959
Calyon New York
5.3356% due 01/16/2009		5,800,000		5,796,230
CIT Group Holdings, Inc.
3.4012% due 01/30/2009 (b)		3,600,000		3,133,224
CIT Group, Inc.
2.7288% due 12/19/2008 (b)		3,500,000		3,154,116
CIT Group, Inc., MTN
3.19% due 08/17/2009 (b)		6,600,000		5,544,647
Citigroup Capital XXI
8.30% due 12/21/2057 (b)		8,400,000		8,277,133
Citigroup Funding, Inc., MTN
2.5987% due 04/23/2009 (b)		900,000		888,867
2.6063% due 06/26/2009 (b)		3,000,000		2,956,878
2.98% due 12/08/2008 (b)		1,400,000		1,386,748
Citigroup, Inc.
2.695% due 12/26/2008 (b)		8,100,000		8,088,449
2.7012% due 12/28/2009 (b)		1,200,000		1,174,814
3.2912% due 01/30/2009 (b)		8,800,000		8,721,020
5.30% due 10/17/2012		1,600,000		1,603,994
5.50% due 08/27/2012		3,800,000		3,821,573
5.85% due 07/02/2013		1,000,000		1,014,628
6.125% due 08/25/2036		4,200,000		3,688,604
Ford Motor Credit Company
5.80% due 01/12/2009		2,300,000		2,191,178
7.25% due 10/25/2011		100,000		82,142
7.375% due 10/28/2009		2,900,000		2,642,286
7.375% due 02/01/2011		100,000		83,386
General Electric Capital Corp.
5.50% due 09/15/2067 (b)(g)	EUR	12,700,000		18,113,269
General Electric Capital Corp., MTN
3.135% due 08/15/2011 (b)	$	6,500,000		6,350,364
3.2737% due 10/26/2009 (b)		5,600,000		5,543,429
3.9637% due 01/20/2010 (b)		2,600,000		2,582,154
3.9937% due 10/21/2010 (b)		7,800,000		7,729,106

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
General Electric Capital Corp., MTN (continued)
4.6863% due 01/05/2009 (b)	$	2,100,000	$	2,098,095
4.82% due 01/08/2016 (b)		1,600,000		1,458,002
General Electric Capital Corp., Series A
4.7063% due 09/25/2016 (b)		4,900,000		4,818,591
General Electric Capital Corp., Series A, MTN
2.92% due 12/15/2009 (b)		3,400,000		3,365,694
General Motors Acceptance Corp. LLC, MTN
3.7487% due 09/23/2008 (b)		2,200,000		2,075,577
GMAC LLC
6.00% due 12/15/2011		600,000		448,496
Goldman Sachs Group, Inc.
2.6887% due 06/23/2009 (b)		3,200,000		3,158,550
5.625% due 01/15/2017		2,900,000		2,782,043
5.95% due 01/18/2018		8,200,000		8,120,050
6.25% due 09/01/2017		6,600,000		6,642,484
Goldman Sachs Group, Inc., MTN
2.6387% due 12/23/2008 (b)		600,000		596,180
3.15% due 11/16/2009 (b)		1,600,000		1,580,006
3.1862% due 11/10/2008 (b)		4,000,000		3,978,800
Goldman Sachs Group, Inc., Series B, MTN
2.6887% due 12/22/2008 (b)		4,600,000		4,567,105
4.1775% due 07/23/2009 (b)		9,600,000		9,515,098
HBOS PLC
5.92% due 09/29/2049 (b)(g)		700,000		514,974
HBOS Treasury Services PLC, MTN
4.0375% due 07/17/2009 (b)(g)		5,800,000		5,797,274
John Deere Capital Corp., MTN
4.3075% due 07/15/2008 (b)		3,600,000		3,600,504
JP Morgan Chase & Company
6.00% due 01/15/2018		2,500,000		2,607,053
JP Morgan Chase & Company, MTN
3.2018% due 05/07/2010 (b)		5,600,000		5,520,306
JP Morgan Chase Bank NA, BKNT
6.00% due 10/01/2017		5,400,000		5,628,004
JP Morgan Chase Capital XX, Series T
6.55% due 09/29/2036		700,000		612,401
Lehman Brothers Holdings, Inc., MTN
2.6487% due 12/23/2008 (b)		500,000		486,094
2.7275% due 11/24/2008 (b)		2,300,000		2,242,488
3.17% due 08/21/2009 (b)		3,500,000		3,351,856
3.17% due 11/16/2009 (b)		8,000,000		7,634,320
3.2325% due 05/25/2010 (b)		1,800,000		1,610,273
3.9837% due 10/22/2008 (b)		6,100,000		5,940,082
4.1712% due 07/18/2011 (b)		2,700,000		2,399,193
4.7925% due 04/03/2009 (b)		3,500,000		3,336,728
Longpoint Re, Ltd.
8.05% due 05/08/2010 (b)(g)		1,700,000		1,714,876
Merrill Lynch & Company, Inc.
6.40% due 08/28/2017		4,300,000		4,243,274
Merrill Lynch & Company, Inc., MTN
3.1575% due 08/14/2009 (b)		3,400,000		3,330,307
3.1775% due 05/08/2009 (b)		2,900,000		2,851,622
3.5312% due 07/25/2011 (b)		4,800,000		4,365,888
Merrill Lynch & Company, Inc., Series C, MTN
2.9275% due 06/16/2008 (b)		9,600,000		9,585,178
Mitsubishi UFJ Financial Group, Inc., Capital
Finance 1, Ltd.
6.346% due 07/29/2049 (b)		700,000		570,429

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

377

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Morgan Stanley, MTN
2.6387% due 11/21/2008 (b)	$	2,800,000	$	2,783,130
4.3475% due 01/15/2010 (b)		2,900,000		2,772,536
Morgan Stanley, Series F, MTN
3.2118% due 05/07/2009 (b)		4,100,000		4,031,432
Morgan Stanley, Series G, MTN
3.2062% due 02/09/2009 (b)		7,300,000		7,216,780
Mystic Re, Ltd.
13.09% due 06/07/2011 (b)(g)		1,100,000		1,130,214
Osiris Capital PLC, Series D
9.258% due 01/15/2010 (b)(g)		1,900,000		1,915,933
Phoenix Quake Wind, Ltd.
7.1525% due 07/03/2008 (b)(g)		800,000		800,160
Phoenix Quake, Ltd.
7.1525% due 07/03/2008 (b)(g)		800,000		800,000
Salomon Brothers AG for OAO Gazprom
10.50% due 10/21/2009 (b)		3,600,000		3,904,560
SLM Corp., Series A, MTN
3.5412% due 07/25/2008 (b)		15,200,000		14,939,502
SMFG Preferred Capital
6.078% due 01/29/2049 (b)(g)		2,400,000		1,881,600
TNK-BP Finance SA
6.125% due 03/20/2012 (g)		700,000		658,875
ZFS Finance USA Trust IV
5.875% due 05/09/2032 (g)		1,500,000		1,418,715
				334,613,946
Food & Beverages - 0.01%
Kraft Foods, Inc.
6.25% due 06/01/2012		100,000		104,140
Gas & Pipeline Utilities - 0.54%
El Paso Corp.
7.75% due 01/15/2032		5,675,000		5,828,423
NGPL PipeCo LLC
6.514% due 12/15/2012 (g)		3,200,000		3,323,341
Williams Companies, Inc.
6.375% due 10/01/2010 (g)		3,200,000		3,280,000
				12,431,764
Insurance - 0.58%
American International Group, Inc.
2.8675% due 06/16/2009 (b)(g)		3,000,000		2,998,324
5.05% due 10/01/2015		700,000		682,698
MetLife, Inc.
6.40% due 12/15/2036 (b)		1,300,000		1,033,032
Metropolitan Life Global Funding I, MTN
3.11% due 05/17/2010 (b)(g)		7,200,000		7,050,067
Prudential Financial, Inc., MTN
6.625% due 12/01/2037		900,000		888,964
Residential Reinsurance 2007, Ltd., Series CL2
13.3256% due 06/07/2010 (b)(g)		700,000		712,752
				13,365,837
International Oil - 0.24%
Gaz Capital for Gazprom
6.212% due 11/22/2016 (g)		700,000		647,500
Ras Laffan Liquefied Natural Gas Company, Ltd. III
5.838% due 09/30/2027 (g)		1,500,000		1,365,960

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
International Oil (continued)
Transocean, Inc.
3.2143% due 09/05/2008 (b)	$	3,500,000	$	3,482,545
				5,496,005
Leisure Time - 0.01%
MGM Mirage, Inc.
6.00% due 10/01/2009		200,000		198,500
Liquor - 0.01%
Anheuser-Busch Companies, Inc.
5.50% due 01/15/2018		200,000		206,689
Manufacturing - 0.34%
General Electric Company
3.03% due 12/09/2008 (b)		2,800,000		2,800,997
Siemens Financieringsmaatschappij NV
3.1175% due 08/14/2009 (b)(g)		4,900,000		4,903,410
				7,704,407
Mining - 0.08%
Corporacion Nacional Del Cobre de Chile -
CODELCO
6.15% due 10/24/2036 (g)		400,000		400,892
Vale Overseas, Ltd.
6.25% due 01/23/2017		700,000		697,115
6.875% due 11/21/2036		700,000		683,000
				1,781,007
Petroleum Services - 0.02%
Petroleum Export, Ltd.
5.265% due 06/15/2011 (g)		432,871		434,304
Pharmaceuticals - 0.13%
AstraZeneca PLC
5.90% due 09/15/2017		1,400,000		1,479,888
6.45% due 09/15/2037		1,400,000		1,502,178
				2,982,066
Retail - 0.36%
Wal-Mart Stores, Inc.
2.70% due 06/16/2008 (b)		8,300,000		8,300,506
Steel - 0.24%
Nucor Corp.
5.75% due 12/01/2017		5,200,000		5,382,697
Telecommunications Equipment &
Services - 0.59%
Deutsche Telekom International Finance BV
2.7787% due 03/23/2009 (b)		4,900,000		4,836,883
France Telecom SA
7.75% due 03/01/2011		200,000		216,869
Verizon Communications, Inc.
4.7525% due 04/03/2009 (b)		8,400,000		8,321,124
Verizon Global Funding Corp.
7.25% due 12/01/2010		200,000		214,795
				13,589,671
Telephone - 1.55%
AT&T Corp.
7.3 due 11/15/2011 (b)		1,538,000		1,665,855
AT&T, Inc.
3.155% due 05/15/2008 (b)		15,000,000		15,004,995
4.95% due 01/15/2013		500,000		501,695

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

378

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Telephone (continued)
AT&T, Inc. (continued)
5.50% due 02/01/2018	$	400,000	$	391,656
6.30% due 01/15/2038		300,000		290,077
BellSouth Corp.
3.165% due 08/15/2008 (b)		5,700,000		5,692,664
Qwest Capital Funding, Inc.
7.25% due 02/15/2011		113,000		107,350
Qwest Corp.
7.625% due 06/15/2015		2,700,000		2,632,500
Sprint Capital Corp.
6.125% due 11/15/2008		500,000		496,250
Telecom Italia Capital SA
4.5612% due 07/18/2011 (b)		4,800,000		4,284,994
Telefonica Emisones SAU
2.8419% due 06/19/2009 (b)		4,700,000		4,577,791
				35,645,827
TOTAL CORPORATE BONDS (Cost $668,330,985)			$	655,696,745
CONVERTIBLE BONDS - 0.08%
Banking - 0.08%
RBS Capital Trust I
4.709% due 12/29/2049 (b)		2,100,000		1,770,957
TOTAL CONVERTIBLE BONDS (Cost $1,957,497)			$	1,770,957
MUNICIPAL BONDS - 0.87%
Alaska - 0.41%
Northern Tobacco Securitization Corp., Alaska
Tobacco Settlement, Asset-Backed, Series A
5.00% due 06/01/2046		12,000,000		9,279,000
California - 0.27%
Los Angeles Unified School District/CA
4.50% due 07/01/2022		6,200,000		6,255,676
Iowa - 0.02%
Tobacco Settlement Authority of Iowa, Tobacco
Settlement Revenue, Series A
6.50% due 06/01/2023		480,000		469,800
Rhode Island - 0.02%
Tobacco Settlement Financing Corp.
6.25% due 06/01/2042		500,000		469,270
South Carolina - 0.01%
Tobacco Settlement Revenue Management
Authority
6.375% due 05/15/2028		200,000		198,054
Wisconsin - 0.14%
Badger Tobacco Asset Securitization Corp.
6.00% due 06/01/2017		2,900,000		2,909,222
6.375% due 06/01/2032		200,000		200,632
Wisconsin State Clean Water Revenue
5.10% due 06/01/2021		110,000		114,035
5.10% due 06/01/2022		25,000		25,820
				3,249,709
TOTAL MUNICIPAL BONDS (Cost $19,616,280)			$	19,921,509

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS - 12.03%
American Home Mortgage Investment Trust, Series
2004-4, Class 4A
4.39% due 02/25/2045	$	1,471,980	$	1,343,154
Bank of America Funding Corp., Series 2005-D,
Class A1
4.1133% due 05/25/2035 (b)		2,644,464		2,513,373
Bank of America Funding Corp., Series 2004-A,
Class 1A3
5.0094% due 09/20/2034 (b)		979,257		887,110
Bank of America Mortgage Securities, Inc., Series
2004-1, Class 5A1
6.50% due 02/25/2033		344,117		339,170
Bank of America Mortgage Securities, Inc.,
Series 2004-2, Class 5A1
6.50% due 10/25/2031		58,315		56,684
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-9, Class 22A1
4.7773% due 11/25/2034 (b)		1,971,728		1,910,932
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A1
4.125% due 03/25/2035 (b)		30,070,487		28,738,421
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-3, Class 1A2
5.6955% due 07/25/2034 (b)		124,547		119,085
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2002-11, Class 1A2
6.7637% due 01/25/2033 (b)		334,112		313,692
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-8, Class 2A1
4.7605% due 01/25/2034 (b)		2,018,227		1,935,780
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-6, Class 1A1
6.393% due 09/25/2034 (b)		170,114		150,555
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-7, Class 1A1
6.8413% due 10/25/2034 (b)		168,157		155,267
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-9, Class 2A1
5.332% due 09/25/2034 (b)		177,390		154,039
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-4, Class 2A1
5.3713% due 05/25/2035 (b)		3,650,528		3,157,478
Bear Stearns Alt-A Trust, Series 2005-7, Class 22A1
5.525% due 09/25/2036 (b)		2,106,908		1,728,658
Bear Stearns Alt-A Trust, Series 2006-8, Class 3A1
5.025% due 01/25/2037 (b)		2,967,213		2,334,768
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW18, Class A4
5.70% due 06/11/2050		5,200,000		5,065,856
Bear Stearns Structured Products, Inc., Series
2007-R7, Class A1
2.8062% due 01/25/2037 (b)(g)		4,605,480		4,375,966
Citigroup Mortgage Loan Trust, Inc., Series
2005-11, Class A2A
4.70% due 12/25/2035		937,286		910,427
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A1
4.7475% due 08/25/2035 (b)		26,841,197		26,653,147
Countrywide Alternative Loan Trust, Series
2007-OA6, Class A1B
2.7988% due 06/25/2037 (b)		17,108,490		12,987,315

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

379

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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 2003-J3, Class 2A1
6.25% due 12/25/2033	$	104,156	$	91,553
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2003-R4, Class 1A3
6.00% due 11/25/2026 (g)		304,011		303,991
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-22, Class A3
4.7999% due 11/25/2034 (b)		3,786,348		3,550,406
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB9, Class 1A1
4.7233% due 02/20/2035 (b)		6,916,702		6,695,298
Countrywide Home Loans, Series 2005-3, Class 1A2
2.8887% due 04/25/2035 (b)		513,130		405,007
Countrywide Home Loans, Series 2003-R4,
Class 2A
6.50% due 01/25/2034 (g)		232,444		233,752
Countrywide Home Loans, Series 2004-12,
Class 11A2
6.136% due 08/25/2034 (b)		133,835		120,424
Countrywide Home Loans,
Series 2005-HYB9, Class 3A2A
5.25% due 11/20/2025 (b)		943,962		780,206
Credit Suisse First Boston Mortgage Securities
Corp., Series 2004-AR8, Class 2A1
4.5963% due 09/25/2034 (b)		491,256		456,386
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3346, Class FA
2.9675% due 02/15/2019 (b)		23,482,464		23,319,111
Federal Home Loan Mortgage Corp., Series
2007-3335, Class AF
2.9675% due 10/15/2020 (b)		34,492,044		33,316,893
Federal Home Loan Mortgage Corp., Series
2007-3335, Class BF
2.97% due 07/15/2019 (b)		5,695,511		5,516,202
Federal Home Loan Mortgage Corp., Series 2204,
Class Z
7.50% due 12/20/2029		1,104,810		1,191,429
Federal Home Loan Mortgage Corp., Series 2247,
Class Z
7.50% due 08/15/2030		594,604		637,306
Federal Home Loan Mortgage Corp., Series 2362,
Class ZA
6.50% due 09/15/2031		1,436,246		1,509,520
Federal Home Loan Mortgage Corp., Series 2503,
Class PZ
6.00% due 09/15/2032		1,936,074		1,888,071
Federal Home Loan Mortgage Corp., Series 2863,
Class KZ
5.00% due 09/15/2034		118,587		97,019
Federal Home Loan Mortgage Corp., Series 2901,
Class UB
5.00% due 03/15/2033		800,000		782,833
Federal Home Loan Mortgage Corp., Series 2906,
Class GZ
5.00% due 09/15/2034		351,351		310,682
Federal Home Loan Mortgage Corp., Series 2935,
Class HJ
5.00% due 02/15/2035		400,000		375,407

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Series 2941,
Class WE
5.00% due 03/15/2035	$	400,000	$	374,052
Federal Home Loan Mortgage Corp., Series 3149,
Class LF
3.1175% due 05/15/2036 (b)		2,598,142		2,504,789
Federal Home Loan Mortgage Corp., Series 3335,
Class FT
2.9675% due 08/15/2019 (b)		25,620,434		24,792,656
Federal Home Loan Mortgage Corp., Series T-63,
Class 1A1
5.722% due 02/25/2045 (b)		368,285		356,624
Federal Home Loan Mortgage Corp., Series 24989,
Class PE
6.00% due 08/15/2032		1,531,387		1,583,924
Federal National Mortgage Association, Series
2002-56, Class ZQ
6.00% due 08/01/2032		13,898,249		14,233,203
Federal National Mortgage Association, Series
2003-116, Class FA
3.0062% due 11/25/2033 (b)		403,923		403,393
Federal National Mortgage Association, Series
2003-21, Class M
5.00% due 02/25/2017 (b)		846,951		866,394
Federal National Mortgage Association, Series
2003-W1, Class 1A1
6.50% due 01/01/2033		565,627		599,981
Federal National Mortgage Association, Series
2004-11, Class A
2.7262% due 03/25/2034 (b)		49,788		48,046
Federal National Mortgage Association, Series
2004-T1, Class 1A1
6.00% due 01/25/2044		317,682		336,563
Federal National Mortgage Association, Series
2004-W2, Class 1A3F
2.9562% due 02/25/2044 (b)		245,410		243,783
Federal National Mortgage Association, Series
2005-14, Class KZ
5.00% due 03/25/2035		116,147		104,797
Federal National Mortgage Association, Series
2005-9, Class ZA
5.00% due 02/25/2035		583,156		505,035
Federal National Mortgage Association, Series
2006-5, Class 3A2
4.6714% due 02/25/2036 (b)		700,000		703,915
First Nationwide Trust, Series 2001-3, Class 1A1
6.75% due 08/25/2031		31,453		31,398
Greenpoint Mortgage Funding Trust, Series
2006-AR6, Class A1A
2.6787% due 10/25/2046 (b)		3,194,083		2,875,261
Greenpoint Mortgage Funding Trust, Series
2006-AR8, Class 1A1A
2.6787% due 01/25/2047 (b)		3,434,579		3,260,432
GS Mortgage Securities Corp II, Series 2007-EOP,
Class A1
3.17% due 03/06/2020 (b)(g)		4,220,966		3,897,962
GS Mortgage Securities Corp., Series 2003-1,
Class A2
3.2987% due 01/25/2032 (b)		37,637		36,790

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

380

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Harborview Mortgage Loan Trust, Series 2005-2,
Class 2A1A
2.7787% due 05/19/2035 (b)	$	785,466	$	617,797
Indymac Arm Trust, Series 2001-H2, Class A2
6.3953% due 01/25/2032 (b)		12,912		12,896
Indymac Index Mortgage Loan Trust, Series
2006-AR14, Class 1A1A
4.955% due 11/25/2046 (b)		1,981,787		1,844,880
JP Morgan Mortgage Trust, Series 2005-A1, Class
6T1
5.0226% due 02/25/2035 (b)		2,276,533		2,069,335
LB-UBS Commercial Mortgage Trust, Series
2005-C7, Class A1
4.99% due 11/15/2030		2,214,538		2,210,283
Lehman XS Trust, Series 2006-16N, Class A1A
2.6787% due 11/25/2046 (b)		2,674,040		2,531,843
Mellon Residential Funding Corp., Series
2000-TBC2, Class A1
3.6012% due 06/15/2030 (b)		3,134,895		2,981,030
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 3A
3.5987% due 10/25/2035 (b)		732,088		663,483
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 5A
2.8487% due 11/25/2035 (b)		1,135,544		843,145
Merrill Lynch Mortgage Investors, Inc., Series
2005-A10, Class A
2.8087% due 02/25/2036 (b)		1,395,815		1,119,546
Morgan Stanley Capital I, Series 2007-XLFA, Class
A1
2.878% due 10/15/2020 (b)(g)		1,049,011		974,879
Nomura Asset Acceptance Corp., Series 2004-R1,
Class A2
7.50% due 03/25/2034 (g)		308,991		300,473
Prime Mortgage Trust, Series 2004-CL1, Class 1A2
2.9987% due 02/25/2034 (b)		749,671		676,926
Prime Mortgage Trust, Series 2004-CL1, Class 2A2
5.265% due 02/25/2034 (b)		150,646		142,420
Residential Funding Mortgage Securities I, Series
2004-S2, Class A1
5.25% due 03/25/2034		216,372		208,432
Residential Funding Mortgage Securities I, Series
2004-S9, Class 1A23
5.50% due 12/25/2034		300,000		216,237
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-8, Class 3A
4.8806% due 07/25/2034 (b)		261,953		251,372
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR2, Class 2A1
5.095% due 06/19/2035 (b)		74,669		57,539
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A3
2.8087% due 07/19/2035 (b)		3,082,575		2,406,376
Structured Asset Securities Corp., Series
2001-21A, Class 1A1
7.1366% due 01/25/2032 (b)		32,262		30,943
Structured Asset Securities Corp., Series 2002-1A,
Class 4A
6.0387% due 02/25/2032 (b)		38,658		35,608

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Thornburg Mortgage Securities Trust, Series
2006-5, Class A1
2.7187% due 08/25/2036 (b)	$	7,082,192	$	6,613,341
Thornburg Mortgage Securities Trust, Series
2006-6, Class A1
2.7087% due 12/26/2036 (b)		2,837,744		2,689,502
WaMu Mortgage Pass-Through Certificates, Series
2002-AR17, Class 1A
5.526% due 11/25/2042 (b)		433,641		411,694
WaMu Mortgage Pass-Through Certificates, Series
2002-AR2, Class A
5.22% due 02/27/2034 (b)		144,697		137,388
WaMu Mortgage Pass-Through Certificates, Series
2005-AR13, Class A1A1
2.8887% due 10/25/2045 (b)		735,628		586,454
WaMu Mortgage Pass-Through Certificates, Series
2005-AR2, Class 2A1A
2.9087% due 01/25/2045 (b)		48,112		38,315
WaMu Mortgage Pass-Through Certificates, Series
2005-AR6, Class 2A1A
2.8287% due 04/25/2045 (b)		80,329		62,057
Washington Mutual Mortgage Securities Corp.,
Series 2002-AR9, Class 1A
2.7417% due 08/25/2042 (b)		1,402,875		1,289,356
Washington Mutual Mortgage Securities Corp.,
Series 2003-AR1, Class 2A
7.0202% due 02/25/2033 (b)		477,609		468,150
Washington Mutual, Inc., Series 2002-AR6, Class A
5.726% due 06/25/2042 (b)		20,982		19,053
Wells Fargo Mortgage Backed Securities Trust,
Series 2004-CC, Class A1
4.9467% due 01/25/2035 (b)		4,879,530		4,578,339
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR2, Class 2A1
4.95% due 03/25/2036 (b)		4,147,140		3,949,500
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $289,329,600)		$		276,209,963
ASSET BACKED SECURITIES - 4.06%
ACE Securities Corp., Series 2006-HE2, Class A2A
2.6587% due 05/25/2036 (b)		188,657		188,088
Argent Securities, Inc., Series 2006-M2, Class A2A
2.6487% due 09/25/2036 (b)		928,856		908,202
Bear Stearns Asset Backed Securities Trust,
Series 2007-HE5, Class 1A1
2.6887% due 05/25/2037 (b)		2,044,302		1,950,368
Brazos Student Finance Corp.,
Series 1998-A, Class A2
4.02% due 06/01/2023 (b)		315,864		311,916
Countrywide Asset-Backed Certificates, Series
2006-15, Class A1
4.975% due 10/25/2036 (b)		2,070,699		2,002,927
Countrywide Asset-Backed Certificates, Series
2006-16, Class 2A1
4.915% due 10/25/2036 (b)		799,379		777,009
Countrywide Asset-Backed Certificates, Series
2006-17, Class 2A1
4.915% due 10/25/2036 (b)		1,898,188		1,860,597

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

381

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Countrywide Asset-Backed Certificates,
Series 2006-25, Class 2A1
4.935% due 12/25/2036 (b)	$	2,614,374	$	2,534,028
EMC Mortgage Loan Trust, Series 2001-A Class A
5.235% due 08/25/2031 (b)(g)		1,788,613		1,625,544
First USA Credit Card Master Trust, Series 1998-6,
Class A
2.935% due 04/18/2011 (b)		9,500,000		9,488,390
Fremont Home Loan Trust, Series 2006-3, Class
2A1
4.935% due 02/27/2037 (b)		1,321,243		1,291,599
GSR Mortgage Loan Trust, Series 2005-AR7,
Class 6A1
5.2496% due 11/25/2035 (b)		4,382,207		3,911,141
HFC Home Equity Loan Asset Backed Certificates,
Series 2007-2, Class A1V
5.0388% due 07/21/2036 (b)		3,381,256		3,291,443
HSI Asset Securitization Corp. Trust, Series
2006-HE2, Class 2A1
2.6487% due 12/25/2036 (b)		1,605,310		1,491,418
JP Morgan Mortgage Acquisition Corp., Series
2006-CH1, Class A2
4.915% due 11/25/2028 (b)		3,933,743		3,709,897
JP Morgan Mortgage Acquisition Corp., Series
2006-WMC3, Class A2
2.6487% due 08/25/2036 (b)		1,065,575		1,029,279
Lehman Brothers Floating Rate Commercial
Mortgage Trust, Series 2006-LLFA, Class A1
2.8975% due 09/15/2021 (b)(g)		665,241		625,409
Long Beach Mortgage Loan Trust, Series 2004-4,
Class 1A1
2.8787% due 10/25/2034 (b)		86,584		78,051
Master Asset Backed Securities Trust, Series
2007-HE1, Class A1
2.6787% due 05/25/2037 (b)		2,690,707		2,511,941
Merrill Lynch Mortgage Investors, Inc., Series
2006-FF1, Class A2A
2.6687% due 08/25/2036 (b)		5,806,840		5,540,554
Morgan Stanley ABS Capital I, Series 2007-NC3,
Class A2A
2.6587% due 05/25/2037 (b)		4,921,745		4,528,872
Newcastle Mortgage Securities Trust, Series
2006-1, Class A1
2.6687% due 03/25/2036 (b)		242,092		240,946
Park Place Securities, Inc., Series 2004-MCW1,
Class A1
2.9107% due 08/25/2034 (b)		3,467,378		2,895,850
Residential Asset Mortgage Products, Inc., Series
2006-RZ4, Class A1A
2.6787% due 10/25/2036 (b)		3,142,353		2,995,038
Residential Asset Securities Corp., Series
2006-KS6, Class A1
2.6387% due 08/25/2036 (b)		725,987		715,730
Residential Asset Securities Corp., Series
2006-KS9, Class AI1
2.6687% due 11/25/2036 (b)		2,421,133		2,305,815
Residential Funding Mortgage Securities II Inc,
Series 2007-HSA3, Class AI1
2.7187% due 05/25/2037 (b)		4,841,841		4,461,776

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Saxon Asset Securities Trust, Series 2006-3, Class
A1
2.6587% due 11/25/2036 (b)	$	1,090,044	$	1,050,507
SBI Heloc Trust, Series 2006-1A, Class 1A2A
2.7687% due 08/25/2036 (b)(g)		1,566,800		1,499,967
SLM Student Loan Trust, Series 2006-3, Class A2
3.3312% due 01/25/2016 (b)		507,431		506,181
Soundview Home Equity Loan Trust, Series
2006-WF1, Class A1A
2.6987% due 10/25/2036 (b)		2,313,971		2,257,131
Soundview Home Equity Loan Trust, Series
2007-OPT1, Class 2A1
2.6787% due 06/25/2037 (b)		4,535,320		4,288,819
Structured Asset Securities Corp., Series 2006-11,
Class A1
5.3224% due 12/31/2036 (b)(g)		3,140,824		2,999,405
Structured Asset Securities Corp., Series
2006-BC3, Class A2
4.915% due 11/25/2036 (b)		3,300,958		3,198,195
USAA Auto Owner Trust, Series 2007-1, Class A1
5.3373% due 07/11/2008		88,115		88,115
Wachovia Bank Commercial Mortgage Trust,
Series 2006-WL7A, Class A1
5.1175% due 08/11/2018 (b)(g)		9,606,267		9,020,731
Wachovia Bank Commercial Mortgage Trust,
Series 2007-WHL8, Class A1
2.8975% due 06/15/2020 (b)(g)		5,421,256		5,001,109
TOTAL ASSET BACKED SECURITIES
(Cost $98,187,985)			$	93,181,988
PREFERRED STOCKS - 4.90%
Banking - 4.70%
Bank of America Corp., 8.00% * (b)		15,800,000		15,818,960
DG Funding Trust, 4.94625% * (b)(g)		981		10,202,400
Wachovia Corp., 7.98% * (b)		83,400,000		81,940,500
				107,961,860
Financial Services - 0.20%
UBS Preferred Funding Trust V, Series 1,
6.243% * (b)		5,400,000		4,516,441
TOTAL PREFERRED STOCKS (Cost $115,413,392)			$	112,478,301
TERM LOANS - 0.59%
Financial Services - 0.40%
Chrysler Financial
6.80% due 08/03/2012 (b)		10,945,000		9,127,364
Healthcare Services - 0.12%
HCA Inc.
4.70% due 11/16/2012 (b)		2,884,642		2,794,497
Semiconductors - 0.07%
Freescale
4.46% due 12/01/2013 (b)		1,972,488		1,671,141
TOTAL TERM LOANS (Cost $15,280,439)			$	13,593,002

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

382

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS - 1.21%
Call Options - 1.21%
Over The Counter European Style Call on
USD-LIBOR Rate Swaption
Expiration 12/15/2008 at $3.15 *		400,300,000	$	5,124,160
Expiration 12/15/2008 at $3.15 *		51,300,000		656,681
Expiration 02/02/2009 at $3.15 *		162,300,000		1,989,814
Expiration 07/02/2009 at $3.60 *		29,900,000		450,147
Expiration 09/26/2008 at $4.75 *		149,500,000		6,137,663
Expiration 09/30/2008 at $4.75 *		198,000,000		8,128,811
Over The Counter European Style Purchase Call
on USD-LIBOR Rate Swaption
Expiration 02/02/2009 at $3.50 *		192,300,000		3,184,161
Expiration 09/26/2008 at $4.75 *		53,400,000		2,192,316
				27,863,753
Put Options - 0.00%
Over The Counter European Purchase Put Option
on FNMA TBA, 5.00%
Expiration 05/12/2008 at $84.00 *		8,100,000		0
TOTAL OPTIONS (Cost $9,841,836)			$	27,863,753
REPURCHASE AGREEMENTS - 4.57%
Credit Suisse First Boston Tri-Party
Repurchase Agreement dated
03/31/2008 at 1.20% to be
repurchased at $18,000,600 on
04/01/2008, collateralized by
$17,601,000 U.S. Treasury Notes,
3.625% due 10/31/2009 (valued at
$18,400,963, including interest)	$	18,000,000	$	18,000,000
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/31/2008 at 1.20% to
be repurchased at $40,701,357 on
04/01/2008, collateralized by $31,379,000
U.S. Treasury Notes, 3.00% due
07/15/2012 (valued at $41,528,634,
including interest)		40,700,000		40,700,000
Repurchase Agreement with State Street
Corp. dated 03/31/2008 at 1.60% to be
repurchased at $46,255,056 on
04/01/2008, collateralized by $46,165,000
Federal Home Loan Mortgage Corp.,
5.50% due 03/09/2017 (valued at
$47,182,477, including interest)		46,253,000		46,253,000
TOTAL REPURCHASE AGREEMENTS
(Cost $104,953,000)			$	104,953,000
SHORT TERM INVESTMENTS - 2.86%
Fortis Bank
5.30% due 09/30/2008 (b)	$	3,900,000	$	3,899,226
Nordea Bank Finland PLC
3.1525% due 04/09/2009		8,200,000		8,198,595
U.S. Treasury Bills
zero coupon due 06/12/2008		100,000		99,837

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
UBS Finance Delaware LLC
2.94% due 06/05/2008	$	53,800,000	$	53,514,412
TOTAL SHORT TERM INVESTMENTS
(Cost $65,712,070)			$	65,712,070
Total Investments (Total Return Trust)
(Cost $2,991,059,959) - 130.42%			$	2,994,613,961
Liabilities in Excess of Other Assets - (30.42)%				(698,511,119)
TOTAL NET ASSETS - 100.00%			$	2,296,102,842
Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
FEDERAL NATIONAL MORTGAGE
ASSOCIATION - 4.50%
Federal National Mortgage Association
6.00%, TBA **	$	5,000,000	$	5,121,875
TOTAL FEDERAL NATIONAL MORTGAGE
ASSOCIATION (Proceeds $5,023,438)			$	5,121,875
GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION - 3.98%
Government National Mortgage Association
6.00%, TBA **		4,400,000	$	4,540,250
TOTAL GOVERNMENT NATIONAL
MORTGAGE
ASSOCIATION (Proceeds $4,529,250)			$	4,540,250
U.S. TREASURY NOTES - 91.52%
U.S. Treasury Notes
3.125%, due 11/30/2009		13,600,000	$	13,950,621
3.25%, due 12/31/2009		31,500,000	$	32,368,707
2.125%, due 01/31/2010		7,500,000	$	7,563,870
2.00%, due 02/28/2010		7,600,000	$	7,664,722
4.25%, due 08/15/2013		6,600,000	$	7,184,720
4.50%, due 05/15/2017		32,700,000	$	35,563,801
TOTAL U.S. TREASURY
NOTES (Proceeds $101,509,462)			$	104,296,441
Total Securities Sold Short (Total Return Trust)
(Proceeds $111,062,149)			$	113,958,566
Total Stock Market Index Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.00%
Advertising - 0.23%
Clear Channel Outdoor Holdings, Inc. * (a)		9,338	$	177,515
Getty Images, Inc. *		1,563		50,016
Greenfield Online, Inc. *		948		11,243
Interpublic Group of Companies, Inc. *		12,175		102,392
inVentiv Health, Inc. *		861		24,805
Lamar Advertising Company, Class A * (a)		2,455		88,208

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

383

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Advertising (continued)
Marchex, Inc., Class B (a)	1,328	$	13,254
Monster Worldwide, Inc. *	3,433		83,113
Omnicom Group, Inc.	8,412		371,642
ValueClick, Inc. *	2,627		45,316
			967,504
Aerospace - 1.83%
AAR Corp. *	1,067		29,097
Aerovironment, Inc. *	672		13,742
Alliant Techsystems, Inc. *	808		83,652
Argon ST, Inc. *	746		12,689
Astronics Corp. *	269		5,197
BE Aerospace, Inc. *	2,405		84,055
Boeing Company	20,090		1,494,093
Curtiss-Wright Corp.	1,159		48,075
Ducommun, Inc. *	360		9,961
Esterline Technologies Corp. *	772		38,886
GenCorp, Inc. *	1,653		17,009
General Dynamics Corp.	10,406		867,548
Goodrich Corp.	3,182		182,997
HEICO Corp., Class A	738		28,952
Herley Industries, Inc. *	997		10,309
Innovative Solutions & Support, Inc. * (a)	612		6,469
Integral Systems, Inc.	474		13,855
Kratos Defense & Security Solutions, Inc. *	3,455		6,288
LMI Aerospace, Inc. *	414		8,019
Lockheed Martin Corp.	10,695		1,062,014
Moog, Inc., Class A *	1,122		47,360
MTC Technologies, Inc. *	509		12,104
Northrop Grumman Corp.	8,722		678,659
Orbital Sciences Corp., Class A *	1,606		38,705
Raytheon Company	11,090		716,525
Rockwell Collins, Inc.	4,176		238,658
Spirit Aerosystems Holdings, Inc., Class A *	3,633		80,580
Teledyne Technologies, Inc. *	916		43,052
TransDigm Group, Inc. *	1,224		45,349
Triumph Group, Inc. (a)	462		26,302
United Technologies Corp.	25,820		1,776,932
Woodward Governor Company	1,834		49,005
			7,776,138
Agriculture - 0.90%
Alico, Inc.	282		12,450
Andersons, Inc. (a)	462		20,610
Archer-Daniels-Midland Company	16,701		687,413
Bunge, Ltd. (a)	3,102		269,502
Cadiz, Inc. * (a)	645		9,920
Fresh Del Monte Produce, Inc. *	1,593		57,985
Maui Land & Pineapple, Inc. * (a)	404		12,884
Monsanto Company	14,051		1,566,687
Tejon Ranch Company *	507		18,921
The Mosaic Company *	11,359		1,165,433
Zapata, Corp. *	1,498		10,426
			3,832,231
Air Freight - 0.00%
ABX Air, Inc. *	2,265		6,659

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Air Travel - 0.16%
Airtran Holdings, Inc. *	2,668	$	17,609
Alaska Air Group, Inc. *	1,067		20,934
Allegiant Travel Company *	620		16,380
AMR Corp. *	6,443		58,116
Continental Airlines, Inc., Class B *	2,499		48,056
Delta Air Lines, Inc. *	6,961		59,865
Hawaiian Holdings, Inc. *	1,755		10,530
JetBlue Airways Corp. *	5,006		29,035
Northwest Airlines Corp. *	6,025		54,165
Pinnacle Airline Corp. *	802		7,001
Republic Airways Holdings, Inc. *	1,012		21,920
SkyWest, Inc.	1,598		33,750
Southwest Airlines Company	18,829		233,480
UAL Corp. *	2,938		63,255
US Airways Group, Inc. *	2,474		22,043
			696,139
Aluminum - 0.21%
Alcoa, Inc.	21,971		792,274
Century Aluminum Company *	1,087		72,003
Superior Essex, Inc. *	622		17,491
			881,768
Amusement & Theme Parks - 0.00%
Great Wolf Resorts, Inc. *	1,524		9,723
Apparel & Textiles - 0.66%
American Apparel, Inc. *	1,546		14,610
Bebe Stores, Inc. (a)	2,703		29,057
Brown Shoe, Inc.	1,244		18,747
Carter's, Inc. *	1,553		25,081
Cherokee, Inc. (a)	351		11,818
Cintas Corp.	4,066		116,044
Coach, Inc. *	9,586		289,018
Columbia Sportswear Company (a)	958		42,181
Crocs, Inc. * (a)	2,122		37,071
Deckers Outdoor Corp. *	340		36,659
G & K Services, Class A	562		20,013
G-III Apparel Group, Ltd. *	680		9,126
Guess?, Inc.	2,420		97,937
Hanesbrands, Inc. *	2,429		70,927
Heelys, Inc. * (a)	835		3,582
Iconix Brand Group, Inc. * (a)	1,516		26,303
Interface, Inc., Class A	1,688		23,716
Jones Apparel Group, Inc.	2,259		30,316
Jos. A. Bank Clothiers, Inc. * (a)	543		11,131
K-Swiss, Inc., Class A	1,079		17,070
Liz Claiborne, Inc.	2,587		46,954
Maidenform Brands, Inc. *	754		12,268
Mohawk Industries, Inc. * (a)	1,699		121,665
Movado Group, Inc.	758		14,773
NIKE, Inc., Class B	12,970		881,960
Oxford Industries, Inc.	557		12,549
Perry Ellis International, Inc. *	526		11,483
Phillips-Van Heusen Corp.	1,454		55,136
Polo Ralph Lauren Corp., Class A	2,610		152,137
Quiksilver, Inc. *	3,540		34,727

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

384

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Apparel & Textiles (continued)
Skechers United States of America, Inc.,
Class A *	1,222	$	24,697
Stage Stores, Inc.	1,226		19,861
Steven Madden, Ltd. *	718		12,299
The Gymboree Corp. *	819		32,662
The Warnaco Group, Inc. *	1,207		47,604
Timberland Company, Class A *	1,664		22,847
True Religion Apparel, Inc. * (a)	655		12,150
Under Armour, Inc., Class A *	1,254		45,896
Unifi, Inc. *	3,278		9,473
Unifirst Corp.	552		20,474
VF Corp.	2,818		218,423
Volcom, Inc. *	746		15,077
Weyco Group, Inc.	425		12,610
Wolverine World Wide, Inc.	1,405		40,759
			2,808,891
Auto Parts - 0.40%
Accuride Corp. *	1,068		8,736
Aftermarket Technology Corp. *	636		12,364
American Axle & Manufacturing Holdings, Inc.	1,504		30,832
Amerigon, Inc. *	681		10,079
ArvinMeritor, Inc.	2,082		26,046
AutoZone, Inc. *	1,665		189,527
BorgWarner, Inc.	2,984		128,402
Commercial Vehicle Group, Inc. *	751		7,442
CSK Auto Corp. * (a)	1,346		12,531
Exide Technologies *	2,004		26,252
Federal Signal Corp.	1,474		20,577
Fuel Systems Solutions, Inc. *	651		8,678
Gentex Corp.	3,759		64,467
Genuine Parts Company	4,226		169,970
Hayes Lemmerz International, Inc. *	3,347		9,338
Johnson Controls, Inc.	15,253		515,551
Lear Corp. *	2,014		52,183
LKQ Corp. *	3,489		78,398
Modine Manufacturing Company	949		13,751
Noble International, Ltd.	754		4,713
O'Reilly Automotive, Inc. *	2,940		83,849
Pep Boys - Manny, Moe & Jack	1,591		15,846
Superior Industries International, Inc. (a)	839		17,409
Tenneco, Inc. *	1,217		34,003
Titan International, Inc. (a)	722		22,100
TRW Automotive Holdings Corp. *	2,592		60,575
Visteon Corp. *	3,970		14,927
WABCO Holdings, Inc.	1,750		79,835
			1,718,381
Auto Services - 0.09%
AutoNation, Inc. *	4,822		72,185
Avis Budget Group, Inc. *	2,718		28,865
Copart, Inc. *	2,314		89,691
Dollar Thrifty Automotive Group, Inc. *	696		9,494
Hertz Global Holdings, Inc. *	8,169		98,518
Lithia Motors, Inc., Class A	620		6,299
Midas, Inc. *	675		11,603
Monro Muffler Brake, Inc.	762		12,878

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Auto Services (continued)
RSC Holdings, Inc. *	2,700	$	29,430
TravelCenters of America LLC *	568		3,465
			362,428
Automobiles - 0.26%
Asbury Automotive Group, Inc.	933		12,838
Ford Motor Company * (a)	54,197		310,007
General Motors Corp. (a)	14,658		279,235
Group 1 Automotive, Inc. (a)	707		16,601
Monaco Coach Corp.	1,061		10,058
PACCAR, Inc.	9,561		430,245
Penske Auto Group, Inc. (a)	2,496		48,572
Rush Enterprises, Inc., Class A *	1,094		17,329
			1,124,885
Banking - 3.94%
1st Source Corp.	841		17,703
Abington Bancorp, Inc.	1,444		14,902
AMCORE Financial, Inc.	746		15,181
Anchor BanCorp Wisconsin, Inc.	702		13,317
Arrow Financial Corp.	721		16,215
Associated Banc-Corp.	3,212		85,536
Astoria Financial Corp.	2,502		67,954
BancFirst Corp.	455		20,830
Bancorp, Inc. *	669		8,082
BancorpSouth, Inc.	2,136		49,470
BancTrust Financial Group, Inc. (a)	916		9,847
Bank Granite Corp.	1,020		11,200
Bank Mutual Corp.	1,722		18,494
Bank of America Corp.	116,675		4,423,149
Bank of Hawaii Corp.	1,239		61,405
Bank of New York Mellon Corp.	29,514		1,231,619
Bank of the Ozarks, Inc.	614		14,675
BankAtlantic Bancorp, Inc., Class A	2,279		8,911
BankFinancial Corp.	957		15,226
BankUnited Financial Corp., Class A (a)	1,166		5,842
BB&T Corp.	14,182		454,675
Beneficial Mutual Bancorp, Inc. *	2,504		24,765
BOK Financial Corp.	1,714		89,522
Boston Private Financial Holdings, Inc.	1,054		11,162
Brookline Bancorp, Inc.	2,189		25,130
Bryn Mawr Bank Corp.	854		18,310
Cadence Financial Corp. (a)	940		15,012
Camden National Corp.	499		16,886
Capital City Bank Group, Inc. (a)	599		17,371
Capital Corp. of the West	575		4,612
Capitol Bancorp, Ltd. (a)	595		12,578
Capitol Federal Financial (a)	2,030		76,084
Cardinal Financial Corp.	1,390		12,329
Cascade Bancorp (a)	948		9,063
Cathay General Bancorp, Inc. (a)	1,376		28,524
Centennial Bank Holdings, Inc. *	2,321		14,576
Center Financial Corp.	847		7,674
Centerstate Banks of Florida, Inc.	899		11,507
Central Pacific Financial Corp.	972		18,322
CFS Bancorp, Inc.	1,017		14,614
Charter Financial Corp.	605		19,299

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

385

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Chemical Financial Corp. (a)	741	$	17,665
Citizens & Northern Corp.	1		20
Citizens Banking Corp.	2,283		28,378
City Bank, Lynnwood, WA (a)	529		11,781
City National Corp.	1,158		57,275
Clifton Savings Bancorp, Inc. (a)	1,474		14,858
CoBiz, Inc. (a)	905		11,783
Colonial Bancgroup, Inc.	3,977		38,299
Columbia Banking System, Inc.	583		13,048
Comerica, Inc.	3,787		132,848
Commerce Bancshares, Inc.	1,797		75,528
Community Bank Systems, Inc. (a)	870		21,367
Community Trust Bancorp, Inc.	593		17,375
Corus Bankshares, Inc. (a)	1,796		17,475
Cullen Frost Bankers, Inc.	1,424		75,529
CVB Financial Corp. (a)	2,459		25,598
Dime Community Bancorp, Inc.	1,168		20,417
Downey Financial Corp. (a)	762		14,006
East West Bancorp, Inc.	1,662		29,500
Encore Bancshares, Inc. *	648		11,340
Enterprise Financial Services Corp. (a)	552		13,800
F.N.B. Corp. (a)	1,557		24,305
Farmers Capital Bank Corp.	594		14,096
Fifth Third Bancorp	13,824		289,198
Financial Institutions, Inc.	780		14,781
First BanCorp Puerto Rico (a)	2,458		24,973
First Bancorp	675		13,453
First Busey Corp. (a)	1,122		23,697
First Charter Corp.	989		26,416
First Citizens Bancshares, Inc.	287		39,993
First Commonwealth Financial Corp. (a)	2,023		23,447
First Community Bancorp	829		22,259
First Community Bancshares, Inc.	411		14,969
First Financial BanCorp (a)	1,338		17,996
First Financial Bankshares, Inc. (a)	573		23,482
First Financial Corp.	480		14,774
First Horizon National Corp. (a)	3,268		45,785
First Merchants Corp.	667		19,036
First Midwest BanCorp, Inc., Illinois (a)	1,286		35,712
First Niagara Financial Group, Inc.	3,141		42,686
First Place Financial Corp. (a)	833		10,829
First Regional Bancorp *	587		9,627
First South Bancorp, Inc. (a)	610		13,725
First State Bancorp	845		11,315
FirstFed Financial Corp. * (a)	411		11,159
FirstMerit Corp. (a)	2,121		43,820
Flagstar Bancorp, Inc. (a)	1,882		13,588
Flushing Financial Corp.	860		15,119
Frontier Financial Corp. (a)	1,279		22,613
Glacier Bancorp, Inc. (a)	1,502		28,793
Greene County Bancshares, Inc.	477		8,438
Greenhill & Company, Inc. (a)	702		48,831
Guaranty Financial Group, Inc. *	884		9,388
Hancock Holding Company (a)	891		37,440
Hanmi Financial Corp.	1,540		11,381
Harleysville National Corp.	1,225		17,664

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Heartland Financial USA, Inc. (a)	653	$	13,817
Heritage Commerce Corp. (a)	670		12,281
Home Bancshares, Inc. (a)	712		14,859
Home Federal Bancorp, Inc.	1,053		12,625
Hudson City Bancorp, Inc.	13,432		237,478
Huntington BancShares, Inc.	9,388		100,921
IBERIABANK Corp.	382		16,904
Independent Bank Corp. - MA	556		16,430
Independent Bank Corp. - MI	984		10,214
Integra Bank Corp.	933		15,115
International Bancshares Corp.	1,892		42,721
KeyCorp	10,058		220,773
Lakeland Bancorp, Inc. (a)	1,051		13,589
Lakeland Financial Corp.	580		13,137
M&T Bank Corp.	2,717		218,664
Macatawa Bank Corp. (a)	853		8,880
MainSource Financial Group, Inc. (a)	928		14,384
Marshall & Ilsley Corp.	6,816		158,131
MB Financial, Inc.	1,047		32,227
Midwest Banc Holdings, Inc. (a)	1,110		14,186
Nara Bancorp, Inc.	1,101		14,302
NASB Financial, Inc. (a)	392		10,270
National City Corp.	16,591		165,080
National Penn Bancshares, Inc. (a)	2,406		43,765
New York Community Bancorp, Inc. (a)	8,305		151,317
NewAlliance Bancshares, Inc. (a)	3,321		40,715
Northeast Community Bancorp, Inc.	895		10,588
Northern Trust Corp.	5,677		377,350
Northfield Bancorp, Inc. * (a)	1,439		14,750
Northwest Bancorp, Inc. (a)	1,418		38,754
OceanFirst Financial Corp.	892		15,601
Old National Bancorp (a)	1,870		33,660
Omega Financial Corp.	496		15,475
Oriental Financial Group, Inc.	824		16,241
Oritani Financial Corp. * (a)	1,515		22,983
Pacific Capital Bancorp (a)	1,300		27,950
Park National Corp. (a)	426		30,182
Peapack Gladstone Financial Corp.	661		17,873
Peoples Bancorp, Inc.	533		12,851
PFF Bancorp, Inc. (a)	832		6,922
Pinnacle Financial Partners, Inc. *	535		13,696
Popular, Inc. (a)	7,255		84,593
PremierWest Bancorp	1,126		11,271
PrivateBancorp, Inc. (a)	603		18,976
Prosperity Bancshares, Inc.	1,185		33,962
Provident Bankshares Corp.	1,083		11,631
Provident Financial Services, Inc.	1,890		26,725
Provident New York Bancorp	1,368		18,468
Regions Financial Corp.	17,951		354,532
Renasant Corp. (a)	750		16,875
Republic Bancorp, Inc., Class A	764		14,424
Rockville Financial, Inc.	1,128		15,454
Roma Financial Corp.	1,136		16,938
Royal Bank of Canada *	867		40,316
S & T Bancorp, Inc.	692		22,262
Sandy Spring Bancorp, Inc. (a)	579		15,934

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

386

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Santander Bancorp (a)	1,507	$	15,236
SCBT Financial Corp.	433		14,635
Seacoast Banking Corp. of Florida (a)	814		8,913
Shore Bancshares, Inc. (a)	690		14,807
Signature Bank *	871		22,211
Simmons First National Corp., Class A	545		16,203
Smithtown Bancorp, Inc. (a)	703		14,700
Southside Bancshares, Inc.	612		14,731
Sovereign Bancorp, Inc.	12,440		115,941
State Bancorp, Inc.	1,046		12,343
StellarOne Corp. *	825		13,951
Sterling Bancorp	970		15,064
Sterling Bancshares, Inc.	2,005		19,930
Sterling Financial Corp., PA *	985		17,188
Sterling Financial Corp., Spokane	1,486		23,196
Suffolk Bancorp (a)	471		14,921
Sun Bancorp, Inc. of New Jersey *	1,080		14,224
SunTrust Banks, Inc.	8,980		495,157
Superior Bancorp *	1,825		9,070
Susquehanna Bancshares, Inc.	2,359		48,053
SVB Financial Group *	861		37,574
TCF Financial Corp.	3,221		57,720
Texas Capital Bancshares, Inc. *	861		14,534
TFS Financial Corp.	8,762		105,407
The South Financial Group, Inc.	2,151		31,964
Tierone Corp.	614		6,926
Tompkins Trustco, Inc.	354		17,417
Toronto-Dominion Bank *	2,013		123,498
TowneBank/Portsmouth VA	846		12,665
Trico Bancshares (a)	759		13,138
TrustCo Bank Corp., NY (a)	2,123		18,873
Trustmark Corp. (a)	1,569		34,957
U.S. Bancorp	44,680		1,445,845
UCBH Holdings, Inc. (a)	2,882		22,364
Umpqua Holdings Corp. (a)	1,696		26,305
UnionBanCal Corp.	3,475		170,553
United Bankshares, Inc.	1,213		32,326
United Community Banks, Inc. (a)	1,369		23,246
United Financial Bancorp, Inc.	1,321		14,637
United Security Bancshares (a)	595		9,996
Univest Corp. of Pennsylvania (a)	535		14,012
Valley National Bancorp (a)	3,150		60,512
ViewPoint Financial Group (a)	1,116		18,425
Virginia Commerce Bancorp, Inc. *	978		11,227
Wachovia Corp.	51,463		1,389,501
Washington Federal, Inc.	2,272		51,892
Washington Trust Bancorp, Inc.	577		14,321
Wauwatosa Holdings, Inc. * (a)	1,148		13,661
Webster Financial Corp.	1,461		40,718
WesBanco, Inc.	823		20,336
West Bancorp. (a)	1,021		13,436
WestAmerica Bancorp (a)	794		41,764
Western Alliance Bancorp *	806		10,365
Westfield Financial, Inc.	1,601		15,642
Whitney Holding Corp. (a)	1,815		44,994
Wilmington Trust Corp.	1,731		53,834

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Banking (continued)
Wilshire Bancorp, Inc.	1,210	$	9,244
Wintrust Financial Corp.	708		24,745
Zions Bancorp	2,745		125,035
			16,788,356
Biotechnology - 1.38%
Acorda Therapeutics, Inc. *	731		13,121
Affymetrix, Inc. * (a)	1,807		31,460
Alnylam Pharmaceuticals, Inc. * (a)	1,097		26,767
Amgen, Inc. *	28,192		1,177,862
Applera Corp. - Celera Genomics Group *	2,204		32,399
Applera Corp.	4,256		139,852
Arena Pharmaceuticals, Inc. *	1,883		12,880
Arqule, Inc. * (a)	1,423		6,090
Bio Reference Labs, Inc. *	437		11,550
Biogen Idec, Inc. *	7,619		470,016
BioMimetic Therapeutics, Inc. *	705		5,640
Bio-Rad Laboratories, Inc., Class A *	691		61,464
Cephalon, Inc. *	1,711		110,188
Charles River Laboratories International, Inc. *	1,729		101,907
Combinatorx, Inc. *	1,535		5,280
Cougar Biotechnology, Inc. *	516		10,836
Cytokinetics, Inc. *	2,095		6,955
Exelixis, Inc. *	3,023		21,010
Genentech, Inc. *	27,155		2,204,443
Genomic Health, Inc. * (a)	785		14,829
Genzyme Corp. *	6,767		504,412
Geron Corp. * (a)	2,312		11,283
GTx, Inc. *	1,104		17,752
Helicos BioSciences Corp. *	788		4,760
Human Genome Sciences, Inc. * (a)	4,053		23,872
Idera Pharmaceuticals, Inc. * (a)	842		8,428
Illumina, Inc. * (a)	1,434		108,841
Immucor, Inc. *	1,820		38,839
Integra LifeSciences Holdings Corp. * (a)	721		31,342
Intermune, Inc. * (a)	1,056		15,396
Invitrogen Corp. *	1,185		101,282
Keryx Biopharmaceuticals, Inc. *	1,631		979
Lexicon Genetics, Inc. *	4,817		9,730
Martek Biosciences Corp. * (a)	853		26,076
Medarex, Inc. *	3,396		30,055
Medivation, Inc. * (a)	907		12,907
Millennium Pharmaceuticals, Inc. *	8,335		128,859
Millipore Corp. *	1,371		92,419
Momenta Pharmaceuticals, Inc. *	1,174		12,832
Myriad Genetics, Inc. *	1,161		46,777
Nabi Biopharmaceuticals * (a)	2,577		10,360
Nektar Therapeutics *	2,762		19,168
Neurocrine Biosciences, Inc. * (a)	1,366		7,376
Orexigen Therapeutics Inc *	964		9,929
Osiris Therapeutics, Inc. * (a)	965		12,140
Pharmanet Development Group, Inc. *	504		12,716
Progenics Pharmaceuticals, Inc. *	857		5,596
RXi Pharmaceuticals Corp. * (a)	169		1,605
Sangamo Biosciences, Inc. * (a)	1,144		11,623
Targanta Therapeutics Corp. *	981		7,603
Techne Corp. *	1,007		67,832

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

387

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Biotechnology (continued)
Tercica, Inc. * (a)	1,698	$	9,730
			5,867,068
Broadcasting - 0.79%
Acacia Research - Acacia Technologies *	1,102		6,337
Belo Corp., Class A	2,730		28,856
CBS Corp., Class B	17,728		391,434
CKX, Inc. *	2,889		27,503
Clear Channel Communications, Inc.	12,703		371,182
Cox Radio, Inc., Class A *	2,826		33,573
Crown Media Holdings, Inc., Class A * (a)	3,574		18,478
Cumulus Media, Inc., Class A *	1,922		12,262
Discovery Holding Company *	7,301		154,927
Entercom Communications Corp. (a)	1,358		13,485
Entravision Communications Corp., Class A *	3,274		21,805
Fisher Communications, Inc. *	375		11,685
Gray Television, Inc.	1,676		9,536
Hearst Argyle Television, Inc.	2,521		52,008
Journal Communications, Inc.	1,979		14,605
Liberty Global, Inc., Class A * (a)	9,617		327,747
Liberty Media Corp., Capital, Series A *	3,340		52,572
Mediacom Communications Corp., Class A *	3,494		15,129
News Corp., Class A	81,810		1,533,938
Nexstar Broadcasting Group, Inc. *	1,128		6,655
Sinclair Broadcast Group, Inc., Class A (a)	2,506		22,328
Sirius Satellite Radio, Inc. * (a)	38,305		109,552
World Wrestling Entertainment, Inc., Class A	2,318		43,138
XM Satellite Radio Holdings, Inc., Class A *	8,038		93,402
			3,372,137
Building Materials & Construction - 0.25%
Apogee Enterprises, Inc.	889		13,690
Armstrong World Industries, Inc. *	1,454		51,850
Beacon Roofing Supply, Inc. * (a)	1,415		14,150
Builders FirstSource, Inc. * (a)	1,137		8,255
Drew Industries, Inc. *	580		14,187
Dycom Industries, Inc. *	1,168		14,028
Eagle Materials, Inc. (a)	1,118		39,745
EMCOR Group, Inc. *	1,730		38,423
Foster Wheeler, Ltd. *	3,722		210,740
Granite Construction, Inc.	1,070		35,000
Griffon Corp. *	878		7,551
Interline Brands, Inc. *	979		18,160
KBR, Inc.	4,349		120,598
Lennox International, Inc.	1,658		59,638
Levitt Corp., Class A *	3,672		7,270
Masco Corp.	9,447		187,334
NCI Building Systems, Inc. * (a)	580		14,036
Owens Corning, Inc. * (a)	3,355		60,826
Perini Corp. *	762		27,607
RPM International, Inc.	3,141		65,772
Sterling Construction Company, Inc. *	440		8,017
Texas Industries, Inc. (a)	674		40,514
United States Lime & Minerals, Inc. *	355		10,313
WCI Communities, Inc. *	1,323		4,432
			1,072,136

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 1.71%
ABM Industries, Inc.	1,431	$	32,112
Accenture, Ltd., Class A	19,625		690,211
Acxiom Corp.	2,274		26,992
Administaff, Inc.	737		17,401
Affiliated Computer Services, Inc., Class A *	2,554		127,981
Alliance Data Systems Corp. *	1,961		93,167
AMERCO, Inc. * (a)	538		30,714
Arbitron, Inc.	754		32,543
Automatic Data Processing, Inc.	13,718		581,506
Barrett Business Services, Inc.	492		8,428
Black Box Corp.	555		17,122
Bowne & Company, Inc.	920		14,030
Bright Horizons Family Solutions, Inc. *	712		30,644
Brinks Company	1,233		82,833
Cadence Design Systems, Inc. *	6,922		73,927
CDI Corp.	645		16,157
Chindex International, Inc. *	255		9,624
ChoicePoint, Inc. *	1,832		87,203
Coinstar, Inc. *	826		23,244
Compucredit Corp. *	1,448		12,844
Computer Sciences Corp. *	4,414		180,047
comScore, Inc. *	764		15,326
COMSYS IT Partners, Inc. *	677		5,727
Constant Contact, Inc. * (a)	778		11,265
Convergys Corp. *	3,388		51,023
Core-Mark Holding Company, Inc. *	447		12,847
Cornell Corrections, Inc. *	573		12,870
Corporate Executive Board Company	941		38,092
CoStar Group, Inc. *	612		26,316
CRA International, Inc. *	341		10,960
CSG Systems International, Inc. *	1,097		12,473
Deluxe Corp.	1,311		25,184
DG Fastchannel, Inc. *	538		10,319
Digimarc Corp. *	1,147		11,459
DST Systems, Inc. *	1,550		101,897
Dun & Bradstreet Corp.	1,448		117,838
Electro Rent Corp.	893		13,529
Electronic Data Systems Corp.	13,161		219,131
Ennis Business Forms, Inc.	823		13,810
Equifax, Inc.	3,361		115,887
Euronet Worldwide, Inc. *	1,298		24,999
Exponent, Inc. *	513		16,847
EZCORP, Inc., Class A *	1,341		16,508
FactSet Research Systems, Inc.	1,261		67,930
Fair Isaac Corp.	1,307		28,127
Fiserv, Inc. *	4,252		204,479
Fluor Corp.	2,267		320,010
Forrester Research, Inc. *	759		20,174
FTI Consulting, Inc. *	1,230		87,379
Gartner Group, Inc., Class A *	2,736		52,914
Global Cash Access, Inc. *	2,505		14,679
Global Payments, Inc.	2,027		83,837
GSI Commerce, Inc. * (a)	1,379		18,134
H & R Block, Inc.	8,294		172,183
Harte-Hanks, Inc.	1,975		26,998
Healthcare Services Group, Inc.	1,125		23,220

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

388

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Heidrick & Struggles International, Inc.	532	$	17,306
Hewitt Associates, Inc., Class A *	2,776		110,402
Hill International, Inc. *	897		11,221
Huron Consulting Group, Inc. *	506		21,024
ICF International, Inc. *	438		8,782
Informatica Corp. *	2,329		39,733
Insight Enterprises, Inc. *	1,497		26,197
Intervoice Brite, Inc. *	1,464		11,653
Iron Mountain, Inc. *	5,157		136,351
Jackson Hewitt Tax Service, Inc.	813		9,325
Jacobs Engineering Group, Inc. *	3,094		227,687
Kelly Services, Inc., Class A	1,113		22,883
Kendle International, Inc. *	396		17,788
Kenexa Corp. *	756		13,971
Kforce, Inc. *	1,316		11,633
Korn/Ferry International *	1,228		20,753
LECG Corp. *	977		9,145
Manpower, Inc.	2,077		116,852
MAXIMUS, Inc.	593		21,769
McGrath Rentcorp	749		18,058
Michael Baker Corp. *	268		6,019
Moody's Corp. (a)	6,689		232,978
MPS Group, Inc. *	2,749		32,493
Navigant Consulting Company * (a)	1,391		26,401
NCR Corp. *	4,604		105,109
Paychex, Inc.	9,780		335,063
Perot Systems Corp., Class A *	3,415		51,362
PHH Corp. *	1,499		26,128
Pitney Bowes, Inc.	5,540		194,011
Pre-Paid Legal Services, Inc. *	343		14,547
QC Holdings, Inc. (a)	963		8,715
Quest Software, Inc. *	2,702		35,315
R.H. Donnelley Corp. *	1,841		9,315
R.R. Donnelley & Sons Company	5,513		167,099
Resource America, Inc.	693		6,549
Resources Connection, Inc. *	1,426		25,483
Robert Half International, Inc.	4,154		106,924
Rollins, Inc.	2,691		47,604
SAIC, Inc. *	3,249		60,399
ScanSource, Inc. *	699		25,297
Seachange International, Inc. *	1,248		8,773
SonicWALL, Inc. *	1,794		14,657
Sotheby's	1,724		49,841
Spherion Corp. *	1,978		12,105
SRA International, Inc., Class A *	1,496		36,368
Standard Parking Corp. *	599		12,555
Stanley, Inc. *	605		17,823
SYNNEX Corp. *	989		20,987
Syntel, Inc.	1,101		29,342
TeleTech Holdings, Inc. *	1,884		42,315
Tetra Tech, Inc. *	1,554		30,319
The Hackett Group, Inc. *	2,072		8,102
Tier Technologies Inc., Class B *	1,347		10,736
Total Systems Services, Inc.	5,110		120,903
TrueBlue, Inc. *	1,228		16,504
Tyler Technologies, Inc. *	1,117		15,616

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services (continued)
Unisys Corp. *	9,345	$	41,398
URS Corp. *	2,043		66,786
Viad Corp.	648		23,334
Volt Information Sciences, Inc. *	717		12,160
Waste Industries USA	432		15,617
Watson Wyatt Worldwide, Inc., Class A	1,097		62,255
Wind River Systems, Inc. *	2,388		18,483
			7,269,424
Cable & Television - 1.39%
Cablevision Systems Corp., Class A *	7,537		161,518
Comcast Corp., Class A	79,837		1,544,048
DIRECTV Group, Inc. *	30,098		746,129
DISH Network Corp. *	11,511		330,711
E.W. Scripps Company, Class A (a)	4,151		174,384
Gemstar-TV Guide International, Inc. *	11,301		53,115
Knology, Inc. *	1,190		15,410
Lin TV Corp. *	1,654		15,895
LodgeNet Entertainment Corp. *	832		5,067
Outdoor Channel Holdings, Inc. *	1,299		9,548
Time Warner Cable, Inc. *	25,397		634,417
Time Warner Telecom, Inc., Class A *	3,829		59,311
Time Warner, Inc.	97,324		1,364,482
TiVo, Inc. * (a)	2,783		24,379
Viacom, Inc., Class B *	16,934		670,925
Virgin Media, Inc.	8,601		121,016
			5,930,355
Cellular Communications - 0.33%
Brightpoint, Inc. *	2,118		17,706
Crown Castle International Corp. *	7,316		252,329
iPCS, Inc. *	514		12,002
Leap Wireless International, Inc. *	1,760		82,016
Metropcs Communications, Inc. *	9,019		153,323
Motorola, Inc.	60,070		558,651
NII Holdings, Inc. *	4,476		142,247
Novatel Wireless, Inc. *	968		9,370
RF Micro Devices, Inc. *	7,676		20,418
Rural Cellular Corp., Class A *	453		20,036
Syniverse Holdings, Inc. *	1,822		30,355
Telephone & Data Systems, Inc.	3,047		119,656
USA Mobility, Inc. *	920		6,569
			1,424,678
Chemicals - 1.46%
A. Schulman, Inc.	885		18,169
Aceto Corp.	1,602		11,118
Air Products & Chemicals, Inc.	5,585		513,820
Airgas, Inc.	2,087		94,896
Albany Molecular Research, Inc. *	992		12,043
Albemarle Corp.	2,435		88,926
American Vanguard Corp. (a)	779		12,962
Arch Chemicals, Inc.	683		25,449
Ashland, Inc.	1,573		74,403
Balchem Corp.	615		14,096
Cabot Corp.	1,762		49,336
Calgon Carbon Corp. * (a)	1,130		17,006
Cambrex Corp. *	856		5,932

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

389

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chemicals (continued)
Celanese Corp., Series A	3,876	$	151,358
CF Industries Holdings, Inc.	1,430		148,177
Chemtura Corp.	6,438		47,255
Cytec Industries, Inc.	1,189		64,028
Dow Chemical Company	24,463		901,461
E.I. Du Pont de Nemours & Company	23,287		1,088,900
Eastman Chemical Company	2,051		128,085
Ferro Corp.	1,253		18,619
FMC Corp.	1,963		108,927
Georgia Gulf Corp. (a)	1,489		10,319
H.B. Fuller Company	1,616		32,982
Hercules, Inc.	2,978		54,468
Huntsman Corp.	5,688		133,952
ICO, Inc. *	884		6,135
Innophos Holdings, Inc.	922		14,835
Kronos Worldwide, Inc. (a)	1,461		35,283
Landec Corp. *	1,071		9,028
LSB Industries, Inc. *	587		8,652
Lubrizol Corp.	1,749		97,087
Metabolix, Inc. *	695		7,610
Minerals Technologies, Inc.	559		35,105
Newmarket Corp.	451		34,028
Nl Industries, Inc. (a)	1,541		16,828
Olin Corp.	1,936		38,255
OM Group, Inc. *	803		43,796
Omnova Solutions, Inc. *	2,120		8,459
PolyOne Corp. *	2,670		17,008
PPG Industries, Inc.	4,212		254,868
Praxair, Inc.	8,172		688,327
Rockwood Holdings, Inc. *	1,938		63,508
Rohm & Haas Company	5,012		271,049
Sensient Technologies Corp.	1,283		37,836
Sigma-Aldrich Corp.	3,381		201,677
Stepan Company	391		14,948
Terra Industries, Inc. *	2,327		82,678
Terra Nitrogen Company, LP	485		54,102
The Scotts Company, Class A	1,630		52,845
Tronox, Inc., Class A	1,586		6,328
UAP Holding Corp.	1,340		51,376
Valhi, Inc. (a)	3,030		70,872
Valspar Corp.	2,614		51,862
W. R. Grace & Company *	1,852		42,263
Westlake Chemical Corp. (a)	1,763		23,007
Zep, Inc.	754		12,230
Zoltek Companies, Inc. * (a)	908		24,080
			6,202,652
Coal - 0.29%
Alliance Holdings GP LP	1,549		35,534
Alpha Natural Resources, Inc. *	1,719		74,673
Arch Coal, Inc.	3,702		161,037
CONSOL Energy, Inc.	4,741		328,030
Foundation Coal Holdings, Inc.	1,184		59,591
International Coal Group, Inc. * (a)	4,341		27,565
James River Coal Company *	710		12,439
Massey Energy Company	2,096		76,504
Patriot Coal Corp. *	708		33,255

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Coal (continued)
Peabody Energy Corp.	6,860	$	349,860
Penn Virginia GP Holdings LP	1,029		27,865
Penn Virginia Resource Partners LP *	1,332		33,234
			1,219,587
Commercial Services - 0.16%
Cardtronics, Inc. *	1,271		8,859
CB Richard Ellis Group, Inc. *	5,806		125,642
CBIZ, Inc. *	1,869		15,176
Cenveo, Inc. *	1,585		16,579
Chemed Corp.	630		26,586
DynCorp International, Inc. *	1,490		24,853
Exlservice Holdings, Inc. *	919		21,100
First Advantage Corp., Class A *	1,878		39,795
Great Lakes Dredge & Dock Company	1,642		8,489
HMS Holdings Corp. *	667		19,043
Live Nation, Inc. *	1,912		23,193
Macquarie Infrastructure Company LLC	993		28,926
Morningstar, Inc. *	1,156		70,921
National Research Corp. (a)	517		13,344
Odyssey Marine Exploration, Inc. * (a)	1,632		8,797
PeopleSupport, Inc. *	711		6,484
Perficient, Inc. *	869		6,900
Pool Corp.	1,316		24,859
Providence Service Corp. *	416		12,480
Shaw Group, Inc. *	2,074		97,768
Team, Inc. *	500		13,650
Teekay Offshore Partners LP	847		19,608
TNS, Inc. *	796		16,429
Wright Express Corp. *	1,061		32,605
			682,086
Computer Services - 0.05%
I-many, Inc. *	2,791		6,699
NetApp, Inc. *	9,240		185,262
SuccessFactors, Inc. * (a)	1,449		14,142
			206,103
Computers & Business Equipment - 4.60%
3Com Corp. *	10,619		24,318
3D Systems Corp. * (a)	736		10,812
Acme Packet, Inc. * (a)	1,854		14,814
Agilysys, Inc. (a)	989		11,472
Apple, Inc. *	22,726		3,261,181
Avocent Corp. *	1,518		25,654
Benchmark Electronics, Inc. *	1,932		34,679
BigBand Networks, Inc. *	1,689		9,678
Blue Coat Systems, Inc. *	920		20,277
Brocade Communications Systems, Inc. *	10,202		74,475
CACI International, Inc., Class A *	783		35,666
Cisco Systems, Inc. *	158,031		3,806,967
Cogent, Inc. *	2,647		24,961
Cognizant Technology Solutions Corp.,
Class A *	7,470		215,360
Cray, Inc. *	1,501		8,946
Data Domain, Inc. * (a)	1,510		35,938
Dell, Inc. *	58,060		1,156,555
Diebold, Inc.	1,764		66,238

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

390

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Digi International, Inc. *	954	$	11,009
Dot Hill Systems Corp. *	2,270		6,810
Echelon Corp. * (a)	1,125		15,188
Electronics for Imaging, Inc. *	1,680		25,066
EMC Corp. *	54,477		781,200
EMS Technologies, Inc. *	512		13,896
Extreme Networks, Inc. *	3,700		11,470
Falconstor Software, Inc. * (a)	1,665		12,671
Foundry Networks, Inc. *	3,868		44,791
Furmanite Corp. *	1,112		9,452
Gerber Scientific, Inc. *	1,075		9,557
Hewlett-Packard Company	66,927		3,055,887
Hurco Companies, Inc. *	230		10,759
IHS, Inc., Class A *	1,632		104,954
Immersion Corp. *	939		6,676
Ingram Micro, Inc., Class A *	4,464		70,665
Intermec, Inc. * (a)	1,653		36,680
Internap Network Services Corp. *	1,494		7,410
International Business Machines Corp.	35,436		4,080,101
Isilon Systems, Inc. * (a)	1,888		9,213
Ixia *	2,255		17,499
Jack Henry & Associates, Inc.	2,347		57,901
Juniper Networks, Inc. *	13,561		339,025
L-1 Identity Solutions, Inc. * (a)	2,141		28,475
Lexmark International, Inc. *	2,450		75,264
Limelight Networks, Inc. *	2,316		7,504
Liveperson, Inc. *	1,928		5,977
Metavante Technologies, Inc. *	3,083		61,629
MICROS Systems, Inc. *	2,156		72,571
MTS Systems Corp.	582		18,775
National Instruments Corp.	2,103		54,972
NCI, Inc. *	695		13,080
NETGEAR, Inc. *	980		19,551
Netscout Systems, Inc. *	1,170		10,881
Palm, Inc. * (a)	2,964		14,820
Parametric Technology Corp. *	2,995		47,860
Phoenix Technology, Ltd. *	856		13,405
Plexus Corp. *	1,259		35,315
Quantum Corp. *	6,775		14,499
Rackable Systems, Inc. *	1,013		9,239
Radiant Systems, Inc. *	1,129		15,772
RadiSys Corp. *	757		7,638
Rimage Corp. *	490		10,731
SanDisk Corp. *	5,934		133,930
Seagate Technology	13,764		288,218
SI International, Inc. *	529		10,152
Sigma Designs, Inc. * (a)	720		16,322
Silicon Graphics, Inc. *	457		5,420
Silicon Storage Technology, Inc. *	3,647		9,555
Smart Modular Technologies (WWH), Inc. *	1,749		10,861
Sonic Solutions * (a)	988		9,534
Standard Microsystems Corp. *	690		20,134
STEC, Inc. *	1,569		9,712
Stratasys, Inc. *	672		11,962
Sun Microsystems, Inc. *	22,199		344,751

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Computers & Business Equipment
(continued)
Super Micro Computer, Inc. *	1,155	$	9,644
Sykes Enterprises, Inc. *	1,248		21,952
Synaptics, Inc. *	775		18,507
Tech Data Corp. *	1,459		47,855
Trident Microsystems, Inc. *	1,654		8,518
Virage Logic Corp. *	1,293		7,448
Virtusa Corp. *	743		7,252
Western Digital Corp. *	5,702		154,182
Xerox Corp.	23,962		358,711
			19,618,449
Construction & Mining Equipment - 0.26%
Astec Industries, Inc. *	649		25,155
Buckeye Partners LP * (a)	1,170		53,937
Bucyrus International, Inc., Class A	943		95,856
Carbo Ceramics, Inc. (a)	692		27,749
Gulf Islands Fabrication, Inc.	535		15,365
Joy Global, Inc.	2,784		181,406
Kaman Corp., Class A	675		19,096
Layne Christensen Company *	514		18,000
Matrix Service Company *	756		12,988
National Oilwell Varco, Inc. *	9,201		537,154
Rowan Companies, Inc.	2,792		114,975
			1,101,681
Construction Materials - 0.24%
Ameron International Corp.	240		22,447
Applied Industrial Technologies, Inc.	1,173		35,061
Clarcor, Inc.	1,310		46,571
Columbus McKinnon Corp. *	529		16,388
Comfort Systems USA, Inc.	1,174		15,274
Louisiana-Pacific Corp. (a)	2,821		25,897
Martin Marietta Materials, Inc. (a)	1,052		111,691
Sherwin-Williams Company	3,207		163,685
Simpson Manufacturing Company, Inc. (a)	1,312		35,660
Standex International Corp.	604		13,493
Trane, Inc.	4,960		227,664
Universal Forest Products, Inc.	590		18,998
USG Corp. * (a)	2,545		93,707
Vulcan Materials Company (a)	2,768		183,795
			1,010,331
Containers & Glass - 0.22%
Ball Corp.	2,539		116,642
Bemis Company, Inc.	2,520		64,084
Bway Holding Company *	932		9,227
Greif, Inc., Class A	1,220		82,875
Mobile Mini, Inc. *	1,081		20,539
Owens-Illinois, Inc. *	4,066		229,444
Packaging Corp. of America	2,644		59,040
Pactiv Corp. *	3,348		87,751
Sealed Air Corp.	4,142		104,585
Silgan Holdings, Inc.	1,000		49,630
Sonoco Products Company	2,545		72,863
TAL International Group, Inc. (a)	891		21,001
			917,681

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

391

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued (showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Containers-Paper/Plastic - 0.00%
Graphic Packaging Holding Company *	6,396	$	18,676
Correctional Facilities - 0.03%
Corrections Corp. of America *	3,115		85,725
The Geo Group, Inc. *	1,326		37,711
			123,436
Cosmetics & Toiletries - 2.00%
Alberto-Culver Company	2,583		70,800
Avon Products, Inc.	11,203		442,967
Bare Escentuals, Inc. * (a)	2,370		55,505
Chattem, Inc. * (a)	529		35,094
Colgate-Palmolive Company	13,432		1,046,487
Elizabeth Arden, Inc. *	896		17,875
Estee Lauder Companies, Inc., Class A	4,993		228,929
Helen of Troy, Ltd. *	889		14,908
Intermediate Parfums, Inc.	832		18,371
International Flavors & Fragrances, Inc.	2,047		90,170
Kimberly-Clark Corp.	11,012		710,825
Nu Skin Enterprises, Inc., Class A	1,847		33,283
Procter & Gamble Company	81,032		5,677,912
Revlon, Inc., Class A *	16,608		16,276
Sally Beauty Holdings, Inc. *	4,802		33,134
Steiner Leisure, Ltd. *	440		14,520
			8,507,056
Crude Petroleum & Natural Gas - 2.54%
Abraxas Petroleum Corp. *	2,133		7,039
Allis-Chalmers Energy, Inc. * (a)	1,028		14,176
American Oil & Gas, Inc. *	2,037		6,661
Apache Corp.	8,467		1,022,983
Arena Resources, Inc. *	878		33,987
Atlas Energy Resources LLC (a)	1,643		50,933
Bill Barrett Corp. * (a)	1,181		55,802
Bois d'Arc Energy, Inc. *	1,844		39,628
BreitBurn Energy Partners LP (a)	1,720		34,538
Cabot Oil & Gas Corp.	2,475		125,829
Cano Petroleum, Inc. * (a)	1,365		6,388
Carrizo Oil & Gas, Inc. * (a)	768		45,519
Chesapeake Energy Corp.	12,139		560,215
Cimarex Energy Company	2,073		113,476
CNX Gas Corp. *	3,933		126,957
Concho Resources, Inc. *	2,036		52,203
Contango Oil & Gas Company *	444		28,687
Devon Energy Corp.	11,484		1,198,126
Duncan Energy Partners LP	706		13,047
Edge Petroleum Corp. * (a)	1,109		4,469
Encore Energy Partners LP *	722		15,379
EOG Resources, Inc.	6,265		751,800
EV Energy Partner LP (a)	400		10,260
EXCO Resources, Inc. *	2,770		51,245
Forest Oil Corp. *	2,150		105,264
FX Energy, Inc. * (a)	1,670		7,114
Gasco Energy, Inc. *	4,537		11,070
Genesis Energy LP	1,017		19,059
Geokinetics, Inc. *	451		8,172
GMX Resources, Inc. *	481		16,801
Goodrich Petroleum Corp. * (a)	854		25,688

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Crude Petroleum & Natural Gas
(continued)
Gulfport Energy Corp. *	1,214	$	12,868
Harvest Natural Resources, Inc. *	1,185		14,291
Hess Corp.	8,168		720,254
Legacy Reserves LP (a)	896		17,884
Marathon Oil Corp.	18,395		838,812
Newfield Exploration Company *	3,273		172,978
Noble Energy, Inc.	4,369		318,063
Occidental Petroleum Corp.	21,616		1,581,643
Panhandle Oil and Gas, Inc.	435		12,023
Parallel Petroleum Corp. *	1,145		22,408
Patterson-UTI Energy, Inc.	3,964		103,778
Penn Virginia Corp.	981		43,252
Petroquest Energy, Inc. *	1,352		23,444
Pioneer Natural Resources Company	3,005		147,606
Plains Exploration & Production Company *	2,869		152,459
Quest Energy Partners LP	845		11,830
Quest Resource Corp. *	1,485		9,756
Quicksilver Resources, Inc. * (a)	4,030		147,216
South Texas Oil Company * (a)	898		6,286
Southwestern Energy Company *	8,714		293,575
SulphCo, Inc. * (a)	2,556		10,659
Sunoco, Inc.	3,011		157,987
Swift Energy Company *	781		35,137
TEPPCO Partners LP (a)	2,240		77,258
Toreador Resources Corp. * (a)	720		5,602
Tri-Valley Corp. * (a)	1,286		7,703
TXCO Resources, Inc. *	1,084		13,420
Ultra Petroleum Corp. *	3,857		298,918
Unit Corp. *	1,171		66,337
VAALCO Energy, Inc. *	2,317		11,515
Venoco, Inc. *	1,317		15,304
W&T Offshore, Inc.	1,982		67,606
Western Refining, Inc. (a)	1,771		23,855
Whiting Petroleum Corp. *	1,078		69,693
XTO Energy, Inc.	12,412		767,806
			10,841,741
Diversified Financial Services - 0.04%
Icahn Enterprises LP (a)	1,815		149,738
Domestic Oil - 0.42%
Atlas America, Inc.	750		45,330
Berry Petroleum Company, Class A	1,149		53,417
BP Prudhoe Bay Royalty Trust (a)	440		41,083
Brigham Exploration Company *	1,727		10,483
Comstock Resources, Inc. *	1,176		47,393
Continental Resources, Inc. *	4,415		140,794
Delta Petroleum Corp. * (a)	1,714		38,634
Denbury Resources, Inc. *	6,233		177,952
Dorchester Minerals LP *	984		20,664
Encore Aquisition Company *	1,411		56,835
Energy Partners, Ltd. *	1,053		9,972
EnergySouth, Inc.	305		15,918
Enterprise Products Partners LP	11,085		329,224
Exterran Partners LP	572		16,588
Frontier Oil Corp.	2,692		73,384
Helix Energy Solutions Group, Inc. *	2,330		73,395

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

392

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Hiland Holdings GP LP *	655	$	15,130
Holly Corp.	1,401		60,817
Mariner Energy, Inc. *	2,273		61,394
McMoran Exploration Company * (a)	1,432		24,759
Oil States International, Inc. *	1,273		57,043
Range Resources Corp.	3,825		242,696
St. Mary Land & Exploration Company	1,590		61,215
Stone Energy Corp. *	747		39,076
Sunoco Logistics Partners LP *	777		37,918
Union Drilling, Inc. *	846		14,797
Warren Resources, Inc. *	1,796		21,319
Williams Clayton Energy, Inc. *	380		19,946
			1,807,176
Drugs & Health Care - 0.57%
Abaxis, Inc. *	582		13,485
Abiomed, Inc. * (a)	1,003		13,180
Acadia Pharmaceuticals, Inc. * (a)	1,206		10,926
Accelrys, Inc. *	1,253		6,779
Alpharma, Inc., Class A *	1,224		32,081
Ariad Pharmaceuticals, Inc. * (a)	2,784		9,382
BioMarin Pharmaceutical, Inc. *	2,494		88,213
CV Therapeutics, Inc. *	1,731		12,342
Datascope Corp.	460		19,058
Dendreon Corp. * (a)	2,443		11,775
DepoMed, Inc. * (a)	1,850		6,290
Durect Corp. *	2,131		11,188
Dyax Corp. *	2,448		11,530
Gentiva Health Services, Inc. *	919		19,998
Hansen Medical, Inc. * (a)	612		8,605
I-Flow Corp. * (a)	949		13,315
ImClone Systems, Inc. *	2,234		94,766
Immunogen, Inc. *	2,179		7,801
Immunomedics, Inc. *	2,368		6,654
Invacare Corp.	881		19,629
K-V Pharmaceutical Company, Class A * (a)	1,290		32,199
Landauer, Inc.	324		16,310
Luminex Corp. * (a)	1,163		22,853
Matria Healthcare, Inc. *	628		14,004
Maxygen, Inc. *	1,541		9,955
Medical Action, Inc. *	640		10,515
Mentor Corp. (a)	871		22,402
Meridian Bioscience, Inc.	1,077		36,004
Molina Healthcare, Inc. * (a)	814		19,878
Opko Health, Inc. * (a)	4,614		9,597
OraSure Technologies, Inc. *	1,503		10,987
Pain Therapeutics, Inc. * (a)	1,365		11,534
Parexel International Corp. *	1,594		41,603
Perrigo Company	2,460		92,816
Pharmacopeia Drug Discovery, Inc. *	1,816		6,683
Quidel Corp. *	921		14,791
Res-Care, Inc. *	816		13,994
Savient Pharmaceuticals, Inc. * (a)	1,441		28,820
Seattle Genetics, Inc. *	1,805		16,426
Targacept, Inc. *	1,128		8,268
Third Wave Technologies, Inc. *	1,373		12,659
Vital Signs, Inc.	412		20,868

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Drugs & Health Care (continued)
Vivus, Inc. *	1,879	$	11,330
West Pharmaceutical Services, Inc.	871		38,524
Wyeth	34,628		1,446,065
XenoPort, Inc. *	675		27,317
Zymogenetics, Inc. * (a)	2,003		19,629
			2,433,028
Educational Services - 0.13%
American Public Education, Inc. *	468		14,213
Apollo Group, Inc., Class A *	4,319		186,581
Capella Education Company *	463		25,280
Career Education Corp. *	2,378		30,248
Corinthian Colleges, Inc. *	2,303		16,651
DeVry, Inc.	1,846		77,237
INVESTools, Inc. *	1,768		19,430
ITT Educational Services, Inc. *	1,022		46,940
Leapfrog Enterprises, Inc., Class A * (a)	2,159		15,221
Learning Tree International, Inc. *	517		7,248
Lincoln Educational Services Corp. *	950		11,400
Princeton Review, Inc. *	1,140		8,972
Renaissance Learning, Inc. (a)	998		13,962
Strayer Education, Inc.	374		57,035
Universal Technical Institute, Inc. *	890		10,440
			540,858
Electrical Equipment - 0.58%
A.O. Smith Corp.	828		27,216
Aaon, Inc.	712		14,261
American Science & Engineering, Inc. (a)	258		14,079
AMETEK, Inc.	2,709		118,952
Anaren, Inc. *	800		10,128
Anixter International, Inc. *	934		59,813
Audiovox Corp., Class A *	989		10,563
AZZ, Inc. *	360		12,809
Baldor Electric Company	1,202		33,656
Cohu, Inc.	860		13,975
Cooper Industries, Ltd., Class A	8,237		330,716
DTS, Inc. *	567		13,608
Emerson Electric Company	20,549		1,057,452
Encore Wire Corp. (a)	728		13,257
Excel Technology, Inc. *	506		13,642
FLIR Systems, Inc. *	3,460		104,111
General Cable Corp. *	1,347		79,567
GrafTech International, Ltd. *	2,745		44,496
Greatbatch, Inc. *	686		12,629
Houston Wire & Cable Company	698		11,182
Hubbell, Inc., Class B	1,495		65,317
Littelfuse, Inc. *	671		23,465
Methode Electronics, Inc.	1,087		12,707
Molex, Inc.	4,713		109,153
Plug Power, Inc. * (a)	3,526		10,966
Powell Industries, Inc. *	358		14,094
Power-One, Inc. * (a)	3,350		10,754
Preformed Line Products Company (a)	242		11,781
Ultralife Batteries, Inc. *	537		6,342
Universal Electronics, Inc. *	533		12,904
Varian, Inc. *	802		46,452

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

393

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Vicor Corp.	1,302	$	15,546
W.H. Brady Company, Class A	1,413		47,237
Watsco, Inc. (a)	805		33,343
Wesco International, Inc. *	1,152		42,036
			2,458,209
Electrical Utilities - 2.61%
AES Corp. *	17,396		289,991
Allegheny Energy, Inc.	4,307		217,504
Allete, Inc.	874		33,754
Alliant Energy Corp.	2,836		99,288
Ameren Corp.	5,285		232,751
American Electric Power Company, Inc.	10,178		423,710
Avista Corp.	1,662		32,509
Black Hills Corp.	1,006		35,995
CenterPoint Energy, Inc. (a)	8,158		116,415
Central Vermont Public Service Corp. (a)	435		10,397
Cleco Corp.	1,622		35,976
CMS Energy Corp.	5,786		78,342
Connecticut Water Service, Inc.	941		22,274
Consolidated Edison, Inc.	6,921		274,764
Constellation Energy Group, Inc.	4,703		415,134
Dominion Resources, Inc.	14,846		606,311
DPL, Inc. (a)	2,910		74,612
DTE Energy Company	4,144		161,160
Dynegy, Inc., Class A *	21,718		171,355
Edison International	8,418		412,650
El Paso Electric Company *	1,474		31,499
Empire District Electric Company	1,024		20,736
EnerNOC, Inc. * (a)	537		6,122
Entergy Corp.	5,062		552,163
Exelon Corp.	17,144		1,393,293
FirstEnergy Corp.	7,891		541,480
FPL Group, Inc.	10,480		657,515
Great Plains Energy, Inc.	2,242		55,265
Hawaiian Electric Industries, Inc. (a)	2,308		55,092
IDACORP, Inc. (a)	1,276		40,972
Integrys Energy Group, Inc.	1,867		87,077
ITC Holdings Corp.	1,135		59,088
MGE Energy, Inc.	740		25,204
Mirant Corp. *	6,596		240,028
Northeast Utilities	3,975		97,547
NorthWestern Corp.	1,137		27,709
NSTAR	2,721		82,800
OGE Energy Corp.	2,352		73,312
Otter Tail Corp.	884		31,285
Pepco Holdings, Inc.	5,121		126,591
PG&E Corp.	9,037		332,742
Pike Electric Corp. *	989		13,777
Pinnacle West Capital Corp.	2,509		88,016
PNM Resources, Inc.	2,144		26,736
Portland General Electric Company	1,686		38,019
PPL Corp.	9,640		442,669
Public Service Enterprise Group, Inc.	12,970		521,264
Puget Energy, Inc.	3,025		78,257
Quanta Services, Inc. * (a)	4,390		101,716
Reliant Energy, Inc. *	8,893		210,320

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities (continued)
Sierra Pacific Resources	5,815	$	73,444
Teco Energy, Inc.	5,366		85,588
The Southern Company	19,671		700,484
UIL Holding Corp.	756		22,778
Unisource Energy Corp.	1,058		23,551
Unitil Corp.	699		18,838
Westar Energy, Inc.	2,629		59,862
Wisconsin Energy Corp.	2,965		130,430
Xcel Energy, Inc.	10,754		214,542
			11,132,703
Electronics - 0.94%
Adaptec, Inc. *	4,329		12,727
Advanced Battery Technologies, Inc. * (a)	1,738		7,752
Agilent Technologies, Inc. *	10,046		299,672
Amphenol Corp., Class A	4,596		171,201
Anadigics, Inc. *	1,721		11,290
Analogic Corp.	354		23,555
Applied Energetics, Inc. * (a)	2,707		4,494
Arrow Electronics, Inc. *	3,158		106,267
Avnet, Inc. *	3,840		125,683
AVX Corp.	4,577		58,631
Axsys Technologies, Inc. *	322		16,061
Bel Fuse, Inc., Class B	449		12,509
Belden, Inc.	1,172		41,395
Bell Microproducts, Inc. *	1,538		3,138
Bookham, Inc *	4,970		6,809
Checkpoint Systems, Inc. *	1,166		31,307
CTS Corp.	1,359		14,541
Cubic Corp.	759		21,578
Cynosure, Inc. *	415		8,840
Daktronics, Inc. (a)	1,186		21,241
Dolby Laboratories, Inc., Class A *	2,843		103,087
DRS Technologies, Inc.	1,045		60,903
Electro Scientific Industries, Inc. *	968		15,953
Enersys *	1,306		31,240
FEI Company *	1,021		22,288
Franklin Electric, Inc. (a)	719		24,568
Garmin, Ltd. (a)	5,587		301,754
Harman International Industries, Inc.	1,554		67,661
Hutchinson Technology, Inc. * (a)	711		11,312
ICx Technologies, Inc. *	1,324		5,958
II-VI, Inc. *	797		30,270
Imation Corp.	1,152		26,197
Integrated Electrical Services, Inc. * (a)	564		8,861
Integrated Silicon Solution, Inc. *	1,792		10,842
IPG Photonics Corp. *	1,203		18,875
Itron, Inc. * (a)	796		71,823
Jabil Circuit, Inc.	5,344		50,554
Keithley Instruments, Inc.	970		9,409
Kemet Corp. *	2,827		11,421
L-3 Communications Holdings, Inc.	3,207		350,653
LaBarge, Inc. *	815		9,829
Maxwell Technologies, Inc. * (a)	1,109		11,301
Measurement Specialties, Inc. *	609		10,639
Medis Technologies, Ltd. * (a)	1,116		10,122
Mentor Graphics Corp. *	2,461		21,731

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

394

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics (continued)
Multi-Fineline Electronix, Inc. *	765	$	14,359
Newport Corp. *	1,337		14,934
OSI Systems, Inc. *	625		14,388
Park Electrochemical Corp.	605		15,639
Rogers Corp. *	559		18,676
SiRF Technology Holdings, Inc. * (a)	1,529		7,783
Sonic Innovations, Inc. *	1,339		6,467
Stoneridge, Inc. *	1,083		14,566
Sycamore Networks, Inc. *	8,177		29,928
Synopsys, Inc. *	3,751		85,185
Syntax-Brillian Corp. * (a)	3,133		3,070
Taser International, Inc. * (a)	1,705		16,027
Technitrol, Inc.	1,224		28,311
Teleflex, Inc.	997		47,567
Thermo Fisher Scientific, Inc. *	10,870		617,851
Thomas & Betts Corp. *	1,503		54,664
Trimble Navigation, Ltd. *	3,146		89,944
TTM Technologies, Inc. *	1,448		16,391
Tyco Electronics, Ltd.	12,860		441,355
Universal Display Corp. * (a)	1,093		15,652
Vishay Intertechnology, Inc. *	4,903		44,421
X-Rite, Inc. *	1,267		7,564
Zebra Technologies Corp., Class A *	1,796		59,843
Zoran Corp. *	1,517		20,722
Zygo Corp. *	922		11,470
			3,992,719
Energy - 0.80%
Akeena Solar, Inc. * (a)	1,028		7,905
Alon USA Energy, Inc. (a)	1,343		20,427
Aventine Renewable Energy Holdings, Inc. *	1,326		6,895
BioFuel Energy Corp. *	1,267		5,803
Calumet Specialty Products Partners LP *	849		19,951
Clean Energy Fuels Corp. * (a)	1,244		16,620
Comverge, Inc. *	577		5,960
Covanta Holding Corp. *	4,048		111,320
Duke Energy Corp.	32,587		581,678
Energen Corp.	1,787		111,330
Energy Conversion Devices, Inc. * (a)	1,066		31,873
Energy East Corp.	3,991		96,263
Evergreen Solar, Inc. *	2,681		24,853
First Solar, Inc. *	2,027		468,521
Fuelcell Energy, Inc. *	1,967		13,081
GeoMet, Inc. * (a)	2,217		14,765
Headwaters, Inc. * (a)	1,251		16,501
McDermott International, Inc. *	5,818		318,943
MDU Resources Group, Inc.	4,541		111,482
New Jersey Resources Corp.	1,075		33,379
Nova Biosource Fuels, Inc. * (a)	3,457		5,220
NRG Energy, Inc. *	6,219		242,479
ONEOK Partners LP	2,119		121,842
Ormat Technologies, Inc. (a)	1,154		49,634
Pacific Ethanol, Inc. * (a)	1,283		5,645
PowerSecure International, Inc. *	674		7,933
Progress Energy, Inc.	6,585		274,594
Rosetta Resources, Inc. *	1,512		29,741
SCANA Corp.	2,930		107,179

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Sempra Energy	6,706	$	357,296
SunPower Corp., Class A. *	2,170		161,687
US BioEnergy Corp. *	1,977		11,664
VeraSun Energy Corp. * (a)	2,499		18,368
Verenium Corp. * (a)	1,901		6,692
			3,417,524
Financial Services - 6.63%
Advance America Cash Advance Centers, Inc.	2,148		16,217
Advanta Corp., Class B	1,254		8,816
Affiliated Managers Group, Inc. *	756		68,599
AllianceBernstein Holding LP * (a)	2,201		139,499
American Express Company	30,328		1,325,940
AmeriCredit Corp. * (a)	3,015		30,361
Ameriprise Financial, Inc.	5,988		310,478
Ampal American Israel Corp. * (a)	1,959		12,538
Asset Acceptance Capital Corp. * (a)	1,236		11,903
Asta Funding, Inc. (a)	433		6,032
Bankrate, Inc. *	488		24,346
Bear Stearns Companies, Inc.	2,998		31,449
Blackrock, Inc. (a)	3,023		617,236
Broadridge Financial Solutions, Inc.	3,576		62,938
Calamos Asset Management, Inc.	622		10,126
Capital One Financial Corp.	10,768		530,001
CapitalSource, Inc. (a)	5,416		52,373
Cass Information Systems, Inc. (a)	384		12,119
Centerline Holding Company (a)	1,692		6,870
Charles Schwab Corp.	30,051		565,860
CIT Group, Inc.	4,933		58,456
Citigroup, Inc.	128,986		2,762,880
City Holding Company	508		20,269
CME Group, Inc.	1,379		646,889
Cohen & Steers, Inc. (a)	1,132		29,987
Countrywide Financial Corp. (a)	15,011		82,560
Credit Acceptance Corp. * (a)	927		14,396
Cross Timbers Royalty Trust	437		21,435
Delphi Financial Group, Inc.	1,279		37,385
Discover Financial Services	12,386		202,759
Dollar Financial Corp. *	740		17,020
Doral Financial Corp. * (a)	1,447		29,200
Duff & Phelps Corp. *	1,022		18,386
E*TRADE Financial Corp. *	11,227		43,336
Eaton Vance Corp.	3,185		97,174
Epoch Holding Corp. (a)	769		9,213
FBR Capital Markets Corp. *	1,923		12,980
FCStone Group, Inc. *	733		20,304
Federal Agricultural Mortgage Corp., Class C	368		9,605
Federal Home Loan Mortgage Corp.	17,187		435,175
Federal National Mortgage Association	25,400		668,528
Federated Investors, Inc., Class B	2,591		101,464
Fidelity National Financial, Inc., Class A	5,582		102,318
Fidelity National Information Services, Inc.	4,951		188,831
Financial Federal Corp.	702		15,311
First Financial Northwest, Inc. *	1,236		11,618
Fortress Investment Group LLC, Class A (a)	10,605		130,229
Franklin Resources, Inc.	6,375		618,311
Fremont General Corp. * (a)	2,499		1,200

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

395

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Friedman, Billings, Ramsey Group, Inc.	4,537	$	7,713
Fulton Financial Corp.	4,582		56,313
GAMCO Investors, Inc.	774		38,979
GATX Corp.	1,238		48,369
GFI Group, Inc. *	762		43,663
GLG Partners, Inc. * (a)	7,592		90,117
Goldman Sachs Group, Inc.	10,313		1,705,667
Heartland Payment Systems, Inc. (a)	1,040		23,930
Hugoton Royalty Trust, SBI (a)	1,022		28,187
IndyMac Bancorp, Inc. (a)	2,087		10,352
Interactive Brokers Group, Inc. *	1,075		27,595
Interactive Data Corp.	2,452		69,808
IntercontinentalExchange, Inc. *	1,780		232,290
International Assets Holding Corp. *	341		8,511
Invesco, Ltd.	10,796		262,991
Investment Technology Group, Inc. *	1,146		52,922
Irwin Financial Corp.	1,408		7,476
Janus Capital Group, Inc.	4,410		102,621
Jefferies Group, Inc.	3,225		52,019
JMP Group, Inc.	1,060		7,420
JP Morgan Chase & Company	87,787		3,770,452
KBW, Inc. * (a)	793		17,486
Kearny Financial Corp.	2,262		24,769
Knight Capital Group, Inc. *	2,673		43,410
LaBranche & Company, Inc. *	2,028		8,822
Ladenburg Thalmann Financial Services, Inc. * (a)	5,311		9,932
Lazard, Ltd., Class A	1,301		49,698
Legg Mason, Inc.	3,378		189,100
Lehman Brothers Holdings, Inc.	13,800		519,432
Leucadia National Corp.	5,763		260,603
MarketAxess Holdings, Inc. * (a)	1,066		10,596
MasterCard, Inc., Class A	3,420		762,626
Merrill Lynch & Company, Inc.	22,286		907,932
MF Global, Ltd. *	3,054		30,265
MoneyGram International, Inc. (a)	2,449		4,555
Morgan Stanley	27,446		1,254,282
Nasdaq Stock Market, Inc. *	2,969		114,782
National Financial Partners Corp. (a)	1,009		22,672
NBT Bancorp, Inc.	926		20,557
Nelnet, Inc., Class A (a)	1,614		18,965
NewStar Financial, Inc. * (a)	1,169		6,055
Nymex Holdings, Inc.	2,377		215,428
NYSE Euronext	6,910		426,416
Och-Ziff Capital Management Group LLC.,
Class A (a)	9,207		193,347
Ocwen Financial Corp. *	1,880		8,347
optionsXpress Holdings, Inc.	1,655		34,275
Penson Worldwide, Inc. *	779		7,190
People's United Financial, Inc.	7,700		133,287
Piper Jaffray Companies, Inc. *	526		17,863
PNC Financial Services Group, Inc.	8,727		572,229
Portfolio Recovery Associates, Inc. *	426		18,271
Pzena Investment Management, Inc. (a)	1,855		20,999
Raymond James Financial, Inc.	3,069		70,526
Sanders Morris Harris Group, Inc. (a)	1,270		10,363
SEI Investments Company	5,091		125,697

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial Services (continued)
SLM Corp. *	10,723	$	164,598
State Street Corp.	10,000		790,000
Stifel Financial Corp. * (a)	460		20,654
Student Loan Corp.	525		51,923
SWS Group, Inc.	871		10,652
Synovus Financial Corp.	8,441		93,357
T. Rowe Price Group, Inc.	6,861		343,050
Taylor Capital Group, Inc.	532		8,735
TD Ameritrade Holding Corp. *	15,582		257,259
The First Marblehead Corp. (a)	2,453		18,299
Thomas Weisel Partners Group, Inc. *	884		5,852
U.S. Global Investors, Inc. (a)	504		6,824
UMB Financial Corp.	1,131		46,597
United Community Financial Corp. (a)	1,693		10,497
Waddell & Reed Financial, Inc., Class A	2,163		69,497
Washington Mutual, Inc.	22,462		231,359
Wells Fargo & Company	87,733		2,553,030
Wesco Financial Corp.	187		75,548
Western Union Company	19,460		413,914
Westwood Holdings Group, Inc.	310		11,687
World Acceptance Corp. *	550		17,518
WP Stewart & Company, Ltd. (a)	1,794		3,480
WSFS Financial Corp.	265		13,059
			28,246,481
Food & Beverages - 3.16%
B&G Foods, Inc.	1,291		14,201
Calavo Growers, Inc.	524		9,107
Cal-Maine Foods, Inc. (a)	656		21,897
Campbell Soup Company	9,849		334,374
Chiquita Brands International, Inc. *	1,146		26,484
Coca-Cola Bottling Company (a)	299		18,424
Coca-Cola Enterprises, Inc.	12,478		301,968
ConAgra Foods, Inc.	12,635		302,608
Corn Products International, Inc.	1,914		71,086
Dean Foods Company *	3,374		67,784
Del Monte Foods Company	5,262		50,147
Diamond Foods, Inc.	568		10,303
Farmer Brothers Company	636		14,717
Flowers Foods, Inc.	2,403		59,474
General Mills, Inc.	8,619		516,106
Green Mountain Coffee Roasters, Inc. * (a)	624		19,750
H.J. Heinz Company	8,113		381,068
Hain Celestial Group, Inc. *	1,094		32,273
Hansen Natural Corp. *	2,407		84,967
Hershey Company	5,854		220,520
Hormel Foods Corp.	3,500		145,810
Imperial Sugar Company (a)	441		8,300
J & J Snack Foods Corp.	585		16,070
J.M. Smucker Company	1,473		74,548
Kellogg Company	10,210		536,638
Kraft Foods, Inc., Class A	40,113		1,243,904
Lance, Inc.	920		18,032
M & F Worldwide Corp. *	595		22,247
McCormick & Company, Inc.	3,265		120,707
MGP Ingredients, Inc. (a)	718		5,019
National Beverage Corp. *	1,464		11,229

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

396

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Nuco2, Inc. *	514	$	14,274
Pepsi Bottling Group, Inc.	5,767		195,559
PepsiAmericas, Inc.	3,338		85,219
PepsiCo, Inc.	41,935		3,027,707
Performance Food Group Company *	995		32,517
Pilgrim's Pride Corp. (a)	1,733		35,059
Ralcorp Holdings, Inc. *	675		39,251
Sanderson Farms, Inc.	551		20,943
Sara Lee Corp.	18,696		261,370
Seaboard Corp.	33		51,645
Smart Balance, Inc. *	1,176		9,290
Smithfield Foods, Inc. *	3,444		88,717
Spartan Stores, Inc.	728		15,179
Sysco Corp.	15,781		457,965
The Coca-Cola Company	60,105		3,658,591
Tootsie Roll Industries, Inc. (a)	1,560		39,323
TreeHouse Foods, Inc. *	928		21,214
Tyson Foods, Inc., Class A	9,178		146,389
William Wrigley, Jr. Company	7,180		451,191
Winn-Dixie Stores, Inc. *	1,446		25,970
York Water Company (a)	1,136		17,029
			13,454,164
Forest Products - 0.11%
Deltic Timber Corp.	385		21,444
Rayonier, Inc.	1,949		84,665
Weyerhaeuser Company	5,547		360,777
			466,886
Funeral Services - 0.03%
Service Corporation International	7,485		75,898
Stewart Enterprises, Inc., Class A	2,914		18,708
Stonemor Partners LP (a)	640		11,654
			106,260
Furniture & Fixtures - 0.04%
American Woodmark Corp. (a)	521		10,712
Ethan Allen Interiors, Inc. (a)	778		22,119
Furniture Brands International, Inc. (a)	1,465		17,140
Hooker Furniture Corp.	470		10,500
Kimball International, Inc., Class B	1,365		14,633
La-Z-Boy, Inc. (a)	1,769		14,753
Leggett & Platt, Inc.	4,324		65,941
Sealy Corp. (a)	2,539		19,296
			175,094
Gas & Pipeline Utilities - 1.35%
AGL Resources, Inc.	1,862		63,904
American States Water Company	497		17,892
AmeriGas Partners LP	1,465		44,170
Aquila, Inc. *	10,577		33,952
Atlas Pipeline Holdings LP	582		15,924
Atlas Pipeline Partners LP	1,025		41,062
Atmos Energy Corp.	2,181		55,615
Boardwalk Pipeline Partners LP	2,857		70,311
Buckeye GP Holdings LP	779		17,972
Cal Dive International, Inc. *	2,829		29,365
California Water Service Group (a)	571		21,784

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Gas & Pipeline Utilities (continued)
Copano Energy LLC	1,266	$	43,285
Crosstex Energy LP *	1,214		37,318
Crosstex Energy, Inc. (a)	1,033		35,070
DCP Midstream Partners LP	622		18,038
Eagle Rock Energy Partners LP (a)	1,957		28,181
El Paso Corp.	18,294		304,412
El Paso Pipeline Partners LP *	2,176		49,308
Enbridge Energy Management LLC *	441		21,446
Enbridge Energy Partners LP *	2,290		108,890
Energy Transfer Equity LP	5,620		175,569
Energy Transfer Partners LP	3,748		171,171
Enterprise GP Holdings LP	3,573		106,761
Equitable Resources, Inc.	3,035		178,761
Ferrellgas Partners LP (a)	1,746		36,823
Global Industries, Ltd. *	3,098		49,847
Hiland Partners LP	435		19,788
Holly Energy Partners LP *	547		20,999
Inergy LP *	1,298		36,227
Kinder Morgan Energy Partners LP	6,294		344,219
Kinder Morgan Management LLC *	1,873		95,467
Magellan Midstream Partners LP (a)	1,647		66,703
Markwest Energy Partners LP *	1,687		52,027
Middlesex Water Company	1,027		18,650
National Fuel Gas Company	2,009		94,845
Nicor, Inc. (a)	1,052		35,253
NiSource, Inc.	6,896		118,887
Northwest Natural Gas Company	734		31,885
NuStar Energy LP * (a)	1,277		61,858
NuStar GP Holdings LLC	1,181		29,891
ONEOK, Inc.	2,602		116,127
Piedmont Natural Gas, Inc. (a)	1,919		50,393
Questar Corp.	4,362		246,715
RAM Energy Resources, Inc. * (a)	2,776		13,658
Regency Energy Partners LP (a)	1,459		39,014
SemGroup Energy Partners LP	839		21,185
South Jersey Industries, Inc.	857		30,089
Southern Union Company	3,018		70,229
Southwest Gas Corp.	1,189		33,244
Spectra Energy Corp.	16,180		368,095
Spectra Energy Partners LP * (a)	1,842		44,650
Star Gas Partners *	2,812		8,436
Suburban Propane Partners, LP	854		33,161
Targa Resources Partners LP	1,188		27,621
TC Pipelines LP *	968		33,280
The Laclede Group, Inc.	663		23,623
TransMontaigne Partners LP *	465		13,187
Transocean, Inc. *	8,031		1,085,791
UGI Corp.	2,608		64,991
Vectren Corp.	1,928		51,728
WGL Holdings, Inc.	1,252		40,139
Williams Companies, Inc.	15,452		509,607
Williams Partners LP	1,292		40,698
			5,769,191
Healthcare Products - 3.16%
Accuray, Inc. * (a)	1,574		12,293
Advanced Medical Optics, Inc. * (a)	1,563		31,729

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

397

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Align Technology, Inc. * (a)	1,917	$	21,298
Alphatec Holdings, Inc. *	2,116		10,622
American Medical Systems Holdings, Inc. * (a)	1,947		27,628
AngioDynamics, Inc. * (a)	815		9,421
Animal Health International, Inc. *	1,020		11,159
ArthroCare Corp. *	729		24,312
Aspect Medical Systems, Inc. *	670		4,087
Atrion Corp.	100		9,994
Baxter International, Inc.	16,437		950,387
Beckman Coulter, Inc.	1,583		102,183
Becton, Dickinson & Company	6,305		541,284
Boston Scientific Corp. *	38,487		495,328
Bruker BioSciences Corp. *	2,826		43,492
C.R. Bard, Inc.	2,619		252,472
Caliper Life Sciences, Inc. * (a)	2,153		8,074
Cantel Medical Corp. *	728		7,731
Cardiac Science Corp. *	1,233		10,296
Cerus Corp. *	1,314		7,582
Clinical Data, Inc. *	645		11,926
Conceptus, Inc. * (a)	975		18,096
CONMED Corp. *	853		21,871
Covidien, Ltd.	12,836		567,993
Cyberonics, Inc. *	854		12,383
Cypress Biosciences, Inc. *	1,333		9,544
DENTSPLY International, Inc.	3,901		150,579
Dynavax Technologies Corp. *	1,626		3,187
Edwards Lifesciences Corp. *	1,487		66,246
Gen-Probe, Inc. *	1,401		67,528
Haemonetics Corp. *	659		39,263
Hanger Orthopedic Group, Inc. *	913		9,842
Health Tronics, Inc. *	2,040		6,610
Henry Schein, Inc. *	2,254		129,380
Herbalife, Ltd.	1,730		82,175
Hillenbrand Industries, Inc.	1,574		75,237
Hologic, Inc. *	3,242		180,255
ICU Medical, Inc. *	409		11,767
IDEXX Laboratories, Inc. *	1,575		77,584
Insulet Corp. *	754		10,858
Intuitive Surgical, Inc. *	991		321,431
Inverness Medical Innovations, Inc. *	1,919		57,762
Ista Pharmaceuticals, Inc. *	1,301		2,511
Johnson & Johnson	74,267		4,817,700
Kensey Nash Corp. *	435		12,593
Kinetic Concepts, Inc. *	1,850		85,525
LCA-Vision, Inc.	648		8,100
LifeCell Corp. *	896		37,659
Mannkind Corp. *	2,886		17,229
Masimo Corp. *	1,432		37,232
Medtronic, Inc.	29,543		1,428,995
Merit Medical Systems, Inc. *	858		13,582
Micrus Endovascular Corp. *	573		7,082
Natus Medical, Inc. *	687		12,469
NutriSystem, Inc. *	920		13,864
Nuvasive, Inc. *	933		32,198
Orthofix International NV *	449		17,857
Owens & Minor, Inc.	1,036		40,756

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Products (continued)
Patterson Companies, Inc. *	3,582	$	130,027
Power Medical Interventions, Inc. *	738		4,439
PSS World Medical, Inc. *	1,759		29,305
ResMed, Inc. *	1,984		83,685
RTI Biologics, Inc. * (a)	1,495		14,128
Sirona Dental Systems, Inc. *	1,449		39,080
Somanetics Corp. *	459		7,147
SonoSite, Inc. *	484		13,760
Spectranetics Corp. * (a)	957		8,001
St. Jude Medical, Inc. *	8,790		379,640
Stereotaxis, Inc. * (a)	1,375		8,140
STERIS Corp.	1,645		44,135
Stryker Corp.	10,590		688,879
SurModics, Inc. * (a)	479		20,061
Symmetry Medical, Inc. *	982		16,301
Synovis Life Technologies, Inc. *	498		7,809
The Cooper Companies, Inc.	1,150		39,594
The Medicines Company *	1,521		30,724
Thoratec Corp. *	1,601		22,878
TomoTherapy, Inc. *	1,486		21,324
Ulta Salon, Cosmetics & Fragrance, Inc. * (a)	1,524		21,397
USANA Health Sciences, Inc. * (a)	444		9,781
Varian Medical Systems, Inc. *	3,240		151,762
VNUS Medical Technologies, Inc. *	762		13,861
Volcano Corp. *	1,173		14,663
Wright Medical Group, Inc. *	1,089		26,288
Xtent, Inc. * (a)	868		4,340
Zimmer Holdings, Inc. *	6,170		480,396
Zoll Medical Corp. *	573		15,236
			13,445,022
Healthcare Services - 1.46%
Air Methods Corp. *	339		16,397
Alliance Imaging, Inc. *	1,501		12,909
Amedisys, Inc. *	733		28,836
AMERIGROUP Corp. *	1,358		37,114
AMN Healthcare Services, Inc. *	997		15,374
Anesiva, Inc. * (a)	1,622		5,158
Apria Healthcare Group, Inc. *	1,229		24,273
Assisted Living Concepts, Inc. *	1,872		11,026
athenahealth, Inc. *	854		20,214
Brookdale Senior Living, Inc. (a)	2,672		63,861
Capital Senior Living Corp. *	1,324		10,658
Cardinal Health, Inc.	9,437		495,537
Cerner Corp. *	2,063		76,909
Continucare Corp. *	3,120		7,769
CorVel Corp. *	498		15,234
Covance, Inc. *	1,619		134,328
Coventry Health Care, Inc. *	4,016		162,046
Cross Country Healthcare, Inc. *	1,037		12,828
DaVita, Inc. *	2,746		131,149
Eastern Insurance Holdings, Inc.	917		13,278
Emergency Medical Services Corp., Class A *	354		8,740
Emeritus Corp. *	1,099		22,925
Enzo Biochem, Inc. * (a)	1,224		11,126
Express Scripts, Inc. *	6,530		420,010
Five Star Quality Care, Inc. * (a)	1,273		8,084

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

398

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Healthcare Services (continued)
Health Net, Inc. *	2,806	$	86,425
Healthextras, Inc. *	1,155		28,690
Healthsouth Corp. * (a)	2,070		36,825
Healthspring, Inc. *	1,639		23,077
Healthways, Inc. *	935		33,043
HLTH Corp. *	4,589		43,779
Humana, Inc. *	4,297		192,763
IMS Health, Inc.	5,028		105,638
Kindred Healthcare, Inc. *	1,037		22,679
Laboratory Corp. of America Holdings *	2,951		217,430
LHC Group, Inc. * (a)	594		9,979
Lincare Holdings, Inc. *	2,055		57,766
Magellan Health Services, Inc. *	1,036		41,119
McKesson Corp.	7,492		392,356
Medco Health Solutions, Inc. *	13,856		606,754
Medical Staffing Network Holdings, Inc. *	1,571		7,352
National Healthcare Corp.	375		18,262
Nighthawk Radiology Holdings, Inc. *	851		7,965
Obagi Medical Products, Inc. *	882		7,656
Odyssey Healthcare, Inc. *	1,305		11,745
Omnicare, Inc. (a)	3,130		56,841
Palomar Medical Technologies, Inc. *	545		8,229
Pediatrix Medical Group, Inc. *	1,244		83,846
Phase Forward, Inc. *	1,208		20,633
Psychiatric Solutions, Inc. *	1,429		48,472
Quest Diagnostics, Inc.	4,997		226,214
RadNet, Inc. *	1,135		7,990
Skilled Healthcare Group, Inc. *	1,166		12,803
Sun Healthcare Group, Inc. *	1,176		15,453
The Advisory Board Company *	502		27,580
The Ensign Group, Inc.	704		6,526
Town Sports International Holdings, Inc. *	854		5,474
Triple-S Management Corp. *	1,011		17,844
UnitedHealth Group, Inc.	33,522		1,151,816
Virtual Radiologic Corp *	532		8,129
WebMD Health Corp. *	1,546		36,439
Weight Watchers International, Inc.	2,010		93,123
WellCare Health Plans, Inc. *	1,087		42,339
WellPoint, Inc. *	14,812		653,654
			6,240,491
Holdings Companies/Conglomerates - 3.75%
Berkshire Hathaway, Inc., Class A *	40		5,336,000
General Electric Company	262,285		9,707,168
Loews Corp.	13,756		553,266
PICO Holdings, Inc. *	508		15,357
Textron, Inc.	6,454		357,681
			15,969,472
Homebuilders - 0.21%
AMREP Corp. * (a)	216		11,297
Beazer Homes USA, Inc. (a)	1,158		10,943
Centex Corp.	3,191		77,254
Champion Enterprises, Inc. * (a)	2,037		20,431
D.R. Horton, Inc.	8,122		127,921
Hovnanian Enterprises, Inc., Class A * (a)	1,812		19,207
KB Home	2,361		58,388

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Homebuilders (continued)
Lennar Corp., Class A (a)	4,175	$	78,532
M.D.C. Holdings, Inc.	1,211		53,030
M/I Homes, Inc. (a)	494		8,388
Meritage Homes Corp. *	795		15,359
NVR, Inc. *	129		77,077
Pulte Homes, Inc.	6,694		97,398
Ryland Group, Inc.	1,135		37,330
Standard Pacific Corp.	2,522		12,257
Toll Brothers, Inc. *	4,071		95,587
Walter Industries, Inc.	1,344		84,175
			884,574
Hotels & Restaurants - 1.11%
AFC Enterprises, Inc. *	998		8,972
Ameristar Casinos, Inc. (a)	1,515		27,649
BJ's Restaurants, Inc. * (a)	961		13,848
Bob Evans Farms, Inc.	1,000		27,590
Boyd Gaming Corp.	2,235		44,700
Brinker International, Inc.	2,734		50,716
Buffalo Wild Wings, Inc. *	546		13,377
Burger King Holdings, Inc.	3,471		96,008
California Pizza Kitchen, Inc. *	877		11,498
CBRL Group, Inc.	667		23,859
CEC Entertainment, Inc. *	847		24,461
Chipotle Mexican Grill, Inc., Class A * (a)	844		95,735
Choice Hotels International, Inc.	1,622		55,326
CKE Restaurants, Inc. (a)	1,688		18,939
Darden Restaurants, Inc.	3,643		118,580
Denny's Corp. *	3,272		9,751
Domino's Pizza, Inc. *	1,732		23,365
Einstein Noah Restaurant Group, Inc. *	518		4,434
IHOP Corp. (a)	463		22,178
Jack in the Box, Inc. *	1,611		43,288
Landry's Restaurants, Inc. (a)	559		9,101
Lodgian, Inc. *	1,169		13,034
Luby's Cafeterias, Inc. *	1,139		8,064
Marcus Corp.	1,062		20,390
Marriott International, Inc., Class A	9,491		326,111
McCormick & Schmick's Seafood
Restaurants, Inc. *	603		7,025
McDonald's Corp.	31,216		1,740,916
Morgans Hotel Group Company *	1,110		16,450
O'Charley's, Inc.	878		10,115
Orient Express Hotels, Ltd. (a)	1,519		65,560
P.F. Chang's China Bistro, Inc. * (a)	789		22,439
Panera Bread Company, Class A * (a)	879		36,821
Papa John's International, Inc. *	889		21,523
Peets Coffee & Tea, Inc. * (a)	613		14,412
Red Robin Gourmet Burgers, Inc. *	514		19,311
Ruby Tuesday, Inc.	1,668		12,510
Sonic Corp. *	1,650		36,366
Starbucks Corp. *	18,946		331,555
Starwood Hotels & Resorts Worldwide, Inc.	5,119		264,908
Texas Roadhouse, Inc., Class A *	2,313		22,667
The Cheesecake Factory, Inc. * (a)	1,894		41,270
The Steak & Shake Company * (a)	1,082		8,515
Triarc Companies, Inc.	2,664		18,408

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

399

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Wendy's International, Inc.	2,238	$	51,608
Wyndham Worldwide Corp.	4,605		95,231
Wynn Resorts, Ltd. * (a)	2,969		298,800
Yum! Brands, Inc.	13,146		489,163
			4,736,547
Household Appliances - 0.08%
Black & Decker Corp.	1,586		104,835
Consolidated Tomoka Land Company	217		12,163
Libbey, Inc.	618		10,407
National Presto Industries, Inc.	344		18,026
The Toro Company	967		40,024
Whirlpool Corp.	1,944		168,700
			354,155
Household Products - 0.25%
Blyth, Inc.	1,211		23,881
Central Garden & Pet Company * (a)	1,980		9,128
Church & Dwight, Inc.	1,697		92,045
Clorox Company	3,488		197,560
Cryolife, Inc. *	1,125		10,575
Energizer Holdings, Inc. *	1,457		131,830
Fortune Brands, Inc.	3,912		271,884
Jarden Corp. *	2,030		44,132
Newell Rubbermaid, Inc.	7,145		163,406
Protection One, Inc. * (a)	889		8,526
Select Comfort Corp. * (a)	1,532		5,515
Tempur-Pedic International, Inc. (a)	1,927		21,197
Tupperware Brands Corp.	1,590		61,501
TurboChef Technologies, Inc. * (a)	1,018		6,637
WD-40 Company	583		19,385
			1,067,202
Housing & Urban Development - 0.00%
Cavco Industries, Inc. *	301		10,547
Industrial Machinery - 1.48%
Actuant Corp., Class A	1,452		43,865
AGCO Corp. *	2,352		140,838
Alamo Group, Inc.	564		11,996
Albany International Corp., Class A	811		29,310
Altra Holdings, Inc. *	911		12,253
Badger Meter, Inc.	399		17,237
Briggs & Stratton Corp. (a)	1,438		25,740
Cameron International Corp. *	5,582		232,434
Cascade Corp.	360		17,752
Caterpillar, Inc.	16,692		1,306,817
Chart Industries, Inc. *	753		25,481
Circor International, Inc.	459		21,229
Cognex Corp.	1,302		28,423
Crane Company	1,567		63,228
Cummins, Inc.	5,279		247,163
Deere & Company	11,401		917,096
Dionex Corp. *	523		40,266
Donaldson Company, Inc.	2,046		82,413
Dover Corp.	5,075		212,033
Dresser-Rand Group, Inc. *	2,227		68,480
DXP Enterprises, Inc. *	214		8,407
EnPro Industries, Inc. *	656		20,461

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial Machinery (continued)
Flow International Corp. *	1,391	$	12,922
Flowserve Corp.	1,467		153,125
FMC Technologies, Inc. *	3,353		190,752
Gardner Denver, Inc. *	1,364		50,604
Gehl Company *	482		8,165
Gorman-Rupp Company (a)	515		16,938
Graco, Inc.	1,595		57,835
Grant Prideco, Inc. *	3,280		161,442
H&E Equipment Services, Inc. *	1,195		15,021
IDEX Corp.	2,055		63,068
Ingersoll-Rand Company, Ltd., Class A	7,007		312,372
Intevac, Inc. *	690		8,935
ITT Corp.	4,655		241,176
Kadant, Inc. *	468		13,750
Kennametal, Inc.	1,970		57,977
Key Technology, Inc. *	241		7,179
Lincoln Electric Holdings, Inc.	1,117		72,035
Lindsay Corp. (a)	308		31,561
Lufkin Industries, Inc.	394		25,145
Metropolitan Pro Corp.	1,203		13,498
Middleby Corp. * (a)	458		28,575
NACCO Industries, Inc., Class A	236		19,102
NATCO Group, Inc. *	485		22,674
OYO Geospace Corp. *	209		9,493
Pall Corp.	3,136		109,980
Parker-Hannifin Corp.	4,347		301,117
Presstek, Inc. * (a)	1,622		7,104
Quixote Corp.	691		5,770
Regal-Beloit Corp.	881		32,271
Robbins & Myers, Inc.	914		29,842
Rofin-Sinar Technologies, Inc. *	842		37,806
Sauer-Danfoss, Inc.	1,421		31,461
Tecumseh Products Company, Class A *	608		18,653
Tennant Company	507		20,184
Terex Corp. *	2,600		162,500
The Manitowoc Company, Inc.	3,319		135,415
Tredegar Industries, Inc.	1,158		21,087
Valmont Industries, Inc. (a)	675		59,326
W.W. Grainger, Inc.	1,988		151,863
Watts Water Technologies, Inc., Class A (a)	1,096		30,721
			6,321,366
Industrials - 0.11%
Aecom Technology Corp. *	2,543		66,144
Brookfield Homes Corp.	839		14,095
Clean Harbors, Inc. *	523		33,995
EnergySolutions, Inc.	2,232		51,202
Fastenal Company (a)	3,883		178,346
Harsco Corp.	2,159		119,565
			463,347
Insurance - 3.97%
ACE, Ltd.	8,376		461,183
Aetna, Inc.	12,961		545,528
AFLAC, Inc.	12,687		824,021
Alfa Corp.	2,154		47,345
Alleghany Corp. *	214		73,149

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

400

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Allied World Assurance Holdings, Ltd.	1,466	$	58,200
Allstate Corp.	14,724		707,635
Ambac Financial Group, Inc. (a)	2,630		15,123
AmCOMP, Inc. *	984		12,024
American Equity Investment Life Holding
Company	1,712		15,887
American Financial Group, Inc.	2,901		74,150
American International Group, Inc.	65,816		2,846,542
American National Insurance Company	692		73,836
American Physicians Capital, Inc.	371		17,200
American Safety Insurance Holdings, Ltd. *	597		10,209
Amerisafe, Inc. *	724		9,151
Amtrust Financial Services, Inc.	1,599		25,920
Aon Corp.	7,582		304,796
Arch Capital Group, Ltd. *	1,697		116,533
Argo Group International Holdings, Ltd. *	821		29,162
Arthur J. Gallagher & Company (a)	2,406		56,830
Aspen Insurance Holdings, Ltd.	2,161		57,007
Assurant, Inc.	3,011		183,249
Assured Guaranty, Ltd.	2,036		48,335
Axis Capital Holdings, Ltd.	3,760		127,765
Baldwin & Lyons, Inc., Class B	672		17,257
Brown & Brown, Inc.	3,566		61,977
Castlepoint Holdings, Ltd.	1,289		12,542
Ceva, Inc. *	894		6,839
Chubb Corp.	9,856		487,675
CIGNA Corp.	7,191		291,739
Cincinnati Financial Corp.	4,248		161,594
Citizens, Inc., Class A * (a)	1,545		10,336
CNA Financial Corp.	7,052		181,871
CNA Surety Corp. *	1,221		18,779
Commerce Group, Inc.	1,559		56,218
Conseco, Inc. *	4,945		50,439
Crawford & Company, Class B *	1,838		9,650
Darwin Professional Underwriters, Inc. *	570		12,819
Donegal Group, Inc.	926		16,112
eHealth, Inc. *	703		15,515
EMC Insurance Group, Inc.	622		16,726
Employers Holdings, Inc.	1,379		25,567
Endurance Specialty Holdings, Ltd.	1,542		56,437
Enstar Group, Ltd. * (a)	311		34,605
Erie Indemnity Company, Class A	1,406		71,973
Everest Re Group, Ltd.	1,557		139,398
FBL Financial Group, Inc., Class A	856		24,387
First Acceptance Corp. *	1,937		5,520
First American Corp.	2,365		80,268
Flagstone Reinsurance Holdings, Ltd.	2,210		26,741
FPIC Insurance Group, Inc. *	318		14,991
Genworth Financial, Inc., Class A	11,291		255,628
Greenlight Capital Re, Ltd. *	1,044		19,418
Hallmark Financial Services, Inc. *	757		8,448
Hanover Insurance Group, Inc.	1,354		55,704
Harleysville Group, Inc.	883		31,867
Hartford Financial Services Group, Inc.	8,167		618,814
HCC Insurance Holdings, Inc.	2,847		64,598
Hilb, Rogal and Hamilton Company	952		29,959

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Horace Mann Educators Corp.	1,144	$	19,997
Independence Holding Company	817		9,739
Infinity Property & Casualty Corp.	486		20,218
IPC Holdings, Ltd.	1,526		42,728
Kansas City Life Insurance Company (a)	406		19,512
LandAmerica Financial Group, Inc. (a)	447		17,643
Life Partners Holdings, Inc. (a)	384		7,085
Lincoln National Corp.	6,979		362,908
Markel Corp. *	256		112,632
Marsh & McLennan Companies, Inc.	13,992		340,705
Max Re Capital, Ltd.	1,467		38,421
MBIA, Inc. (a)	3,412		41,695
Meadowbrook Insurance Group, Inc.	1,297		10,130
Mercury General Corp.	1,379		61,104
MetLife, Inc.	19,185		1,156,088
MGIC Investment Corp. (a)	2,204		23,208
Midland Company	539		34,997
Montpelier Re Holdings, Ltd. (a)	2,562		41,120
National Interstate Corp.	566		13,216
National Western Life Insurance Company,
Class A	126		27,316
Nationwide Financial Services, Inc., Class A	3,596		170,019
Navigators Group, Inc. *	512		27,853
NYMAGIC, Inc.	422		9,584
Odyssey Re Holdings Corp.	1,850		67,988
Old Republic International Corp.	6,055		78,170
OneBeacon Insurance Group, Ltd.	2,717		51,677
PartnerRe, Ltd.	1,337		102,013
Philadelphia Consolidated Holding Corp. *	1,859		59,860
Phoenix Companies, Inc.	3,145		38,400
Platinum Underwriters Holdings, Ltd.	1,381		44,827
PMA Capital Corp., Class A *	1,380		11,785
PMI Group, Inc. (a)	2,291		13,334
Presidential Life Corp.	910		15,870
Primus Guaranty, Ltd. *	1,458		5,220
Principal Financial Group, Inc.	6,753		376,277
ProAssurance Corp. *	868		46,724
ProCentury Corp.	816		14,688
Progressive Corp.	18,061		290,240
Protective Life Corp.	1,735		70,372
Prudential Financial, Inc.	11,738		918,499
Radian Group, Inc. (a)	2,280		14,980
Reinsurance Group of America, Inc.	1,558		84,818
RenaissanceRe Holdings, Ltd.	1,742		90,427
RLI Corp.	627		31,080
SAFECO Corp.	2,334		102,416
Safety Insurance Group, Inc.	517		17,645
SCPIE Holdings, Inc. *	415		11,433
SeaBright Insurance Holdings, Inc. *	879		12,948
Security Capital Assurance, Ltd. (a)	1,776		924
Selective Insurance Group, Inc.	1,482		35,390
Stancorp Financial Group, Inc.	1,249		59,590
State Auto Financial Corp. (a)	1,162		33,849
Stewart Information Services Corp.	568		15,898
The Travelers Companies, Inc.	16,690		798,617
Torchmark Corp.	2,312		138,974

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

401

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Tower Group, Inc.	701	$	17,644
Transatlantic Holdings, Inc.	1,700		112,795
United America Indemnity, Ltd. *	1,229		23,671
United Fire & Casualty Company	756		28,274
Unitrin, Inc.	1,687		59,619
Universal American Financial Corp. *	1,978		20,967
UnumProvident Corp.	9,293		204,539
Validus Holdings, Ltd.	1,863		43,650
W.R. Berkley Corp.	4,629		128,177
White Mountains Insurance Group, Ltd.	262		125,760
XL Capital, Ltd., Class A	4,608		136,166
Zenith National Insurance Corp.	955		34,246
			16,931,550
International Oil - 5.26%
Anadarko Petroleum Corp.	12,092		762,159
APCO Argentina, Inc. (a)	855		22,204
ATP Oil & Gas Corp. *	927		30,331
BPZ Energy, Inc. * (a)	1,677		36,441
Callon Petroleum Company *	769		13,911
Cheniere Energy, Inc. * (a)	1,304		25,819
Chevron Corp.	55,318		4,721,945
ConocoPhillips	41,480		3,161,191
Exxon Mobil Corp.	141,814		11,994,628
Murphy Oil Corp.	4,820		395,915
Nabors Industries, Ltd. *	7,168		242,063
Noble Corp.	6,907		343,071
Parker Drilling Company *	3,329		21,505
Weatherford International, Ltd. *	8,797		637,519
			22,408,702
Internet Content - 1.12%
CMGI, Inc. *	1,434		19,015
CNET Networks, Inc. * (a)	4,141		29,401
Dice Holdings, Inc. *	1,810		16,127
Google, Inc., Class A *	8,072		3,555,474
Health Grades, Inc. *	1,380		7,286
HSW International, Inc. * (a)	1,677		8,452
InfoSpace, Inc. *	956		11,061
Internet Cap Group, Inc. *	1,411		14,773
Liquidity Services, Inc. *	909		7,272
LoopNet, Inc. * (a)	1,184		15,037
Move, Inc. *	4,831		14,880
RightNow Technologies, Inc. * (a)	1,116		13,280
Schawk, Inc., Class A	983		15,718
TechTarget, Inc. *	1,144		16,210
The Knot, Inc. * (a)	973		11,433
TheStreet.com, Inc.	897		7,248
Travelzoo, Inc. * (a)	503		5,553
Yahoo!, Inc. *	35,334		1,022,213
			4,790,433
Internet Retail - 0.63%
1-800-Flowers.com, Inc. *	2,074		17,650
Amazon.com, Inc. *	10,699		762,839
Ariba, Inc. *	2,181		21,069
Blue Nile, Inc. * (a)	432		23,393
Drugstore.com, Inc. *	3,397		7,541

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Retail (continued)
eBay, Inc. *	35,429	$	1,057,201
Expedia, Inc. *	7,426		162,555
IAC/InterActiveCorp. *	7,385		153,313
Internet Brands, Inc. *	1,320		9,728
Liberty Media Holding Corp.-Interactive A *	15,802		255,044
Netflix, Inc. * (a)	1,742		60,360
Orbitz Worldwide, Inc. *	2,352		16,205
Overstock.com, Inc. * (a)	740		8,813
PetMed Express, Inc. *	840		9,316
Priceline.com, Inc. *	986		119,168
Shutterfly, Inc. *	695		10,335
Stamps.com, Inc. *	936		9,603
			2,704,133
Internet Service Provider - 0.04%
Cogent Communications Group, Inc. *	1,333		24,407
Earthlink, Inc. *	3,419		25,813
Equinix, Inc. * (a)	955		63,498
eSPEED, Inc., Class A *	1,680		19,589
Online Resources Corp. *	853		8,206
Terremark Worldwide, Inc. * (a)	1,975		10,823
United Online, Inc.	2,014		21,268
Website Pros, Inc. *	914		8,985
			182,589
Internet Software - 0.32%
ActivIdentity Corp. *	3,241		8,200
Akamai Technologies, Inc. *	4,328		121,876
Art Technology Group, Inc. *	3,679		14,275
Cybersource Corp. *	1,857		27,131
DealerTrack Holdings, Inc. *	1,162		23,496
Digital River, Inc. *	1,059		32,797
eResearch Technology, Inc. *	1,457		18,096
F5 Networks, Inc. *	2,214		40,228
Interwoven, Inc. *	1,394		14,888
Keynote Systems, Inc. * (a)	1,128		13,299
Lionbridge Technologies, Inc. *	2,383		7,983
McAfee, Inc. *	4,047		133,915
NIC, Inc. *	1,908		13,566
Openwave Systems, Inc. *	3,049		7,470
RealNetworks, Inc. *	4,113		23,567
S1 Corp. *	2,263		16,090
Salesforce.com, Inc. *	3,030		175,346
Sapient Corp. *	3,500		24,360
SupportSoft, Inc. *	2,246		7,412
Switch & Data Facilities Company, Inc. *	1,127		11,507
Symantec Corp. *	22,473		373,501
TIBCO Software, Inc. *	5,115		36,521
VASCO Data Security International, Inc. *	1,015		13,885
Veraz Networks, Inc. *	1,634		4,020
VeriSign, Inc. *	5,758		191,396
Vignette Corp. *	880		11,625
Vocus, Inc. *	503		13,279
			1,379,729
Investment Companies - 0.03%
KKR Financial Holdings LLC (a)	2,952		37,372

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

402

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Investment Companies (continued)
The Blackstone Group LP (a)	6,676	$	106,015
			143,387
Leisure Time - 1.24%
4Kids Entertainment, Inc. *	679		6,634
Archon Corp. *	239		8,604
Bally Technologies, Inc. *	1,419		48,728
Blockbuster, Inc., Class A *	5,712		18,621
Bluegreen Corp. *	1,266		8,482
Brunswick Corp.	2,344		37,434
Callaway Golf Company	1,823		26,762
Carnival Corp.	16,167		654,440
Cedar Fair LP * (a)	1,481		34,433
Churchill Downs, Inc.	440		20,786
Cinemark Holdings, Inc.	2,802		35,838
Dover Downs Gaming & Entertainment, Inc.	1,350		11,488
Dover Motorsports, Inc.	1,798		11,058
DreamWorks Animation SKG, Inc., Class A *	2,656		68,472
Electronic Arts, Inc. *	8,169		407,796
Elixir Gaming Technologies, Inc. * (a)	2,799		5,430
Gaylord Entertainment Company *	1,164		35,257
International Game Technology	8,171		328,556
International Speedway Corp., Class A	1,431		58,957
Isle of Capri Casinos, Inc. * (a)	1,015		7,257
Lakes Gaming, Inc. *	1,229		5,432
Las Vegas Sands Corp. *	9,198		677,341
Life Time Fitness, Inc. * (a)	999		31,179
Marine Products Corp. (a)	1,659		13,405
MGM MIRAGE * (a)	7,760		456,055
Monarch Casino & Resort, Inc. *	738		13,070
MTR Gaming Group, Inc. *	995		6,965
Multimedia Games, Inc. * (a)	1,173		6,264
National Cinemedia, Inc.	1,172		26,347
Parkervision, Inc. * (a)	951		7,361
Penn National Gaming, Inc. *	2,208		96,556
Pinnacle Entertainment, Inc. *	1,680		21,504
Polaris Industries, Inc. (a)	921		37,770
Progressive Gaming International Corp. *	3,031		6,426
RC2 Corp. *	658		13,798
Regal Entertainment Group, Class A (a)	3,818		73,649
Riviera Holdings Corp. *	471		9,707
Royal Caribbean Cruises, Ltd. (a)	5,670		186,543
Scientific Games Corp., Class A * (a)	2,427		51,234
Shuffle Master, Inc. * (a)	1,140		6,099
Speedway Motorsports, Inc.	1,228		30,786
Steinway Musical Instruments, Inc. *	486		13,861
Vail Resorts, Inc. * (a)	1,015		49,014
Walt Disney Company	49,345		1,548,446
WMS Industries, Inc. *	1,333		47,948
			5,271,793
Life Sciences - 0.12%
Abraxis BioScience, Inc. * (a)	1,036		61,207
Altair Nanotechnologies, Inc. *	2,419		6,386
American Ecology Corp.	620		15,705
Dawson Geophysical Company *	224		15,120
Halozyme Therapeutics, Inc. *	1,950		12,402

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Life Sciences (continued)
Incyte Corp. *	2,294	$	24,110
Nanosphere, Inc. * (a)	769		6,660
Omrix Biopharmaceuticals, Inc. *	504		7,056
PerkinElmer, Inc.	3,066		74,350
Pharmaceutical Product Development, Inc.	3,056		128,046
Repligen Corp. *	1,269		6,117
Senomyx, Inc. *	1,170		6,903
Sequenom, Inc. *	1,257		8,170
Symyx Technologies, Inc. *	1,200		9,000
Waters Corp. *	2,564		142,815
			524,047
Liquor - 0.36%
Anheuser-Busch Companies, Inc.	18,989		901,028
Boston Beer Company, Inc. *	432		20,537
Brown Forman Corp., Class B	3,160		209,255
Central European Distribution Corp. *	1,086		63,194
Constellation Brands, Inc., Class A *	5,550		98,069
Molson Coors Brewing Company, Class B	4,613		242,506
			1,534,589
Manufacturing - 1.53%
3M Company	18,658		1,476,781
Acuity Brands, Inc.	1,068		45,871
American Railcar Industries, Inc.	744		15,125
AptarGroup, Inc.	1,784		69,451
Barnes Group, Inc.	1,377		31,602
Blout International, Inc. *	1,314		16,254
Carlisle Companies, Inc.	1,608		53,771
Ceradyne, Inc. *	717		22,915
Chase Corp.	415		7,516
Danaher Corp.	8,171		621,241
Eaton Corp.	3,766		300,037
ESCO Technologies, Inc. *	710		28,201
Force Protection, Inc. * (a)	1,978		3,976
Freightcar America, Inc.	389		13,343
GenTek, Inc. *	445		13,386
Hardinge, Inc.	521		7,169
Harley-Davidson, Inc.	6,230		233,625
Hexcel Corp. *	2,453		46,877
Honeywell International, Inc.	19,407		1,094,943
Illinois Tool Works, Inc.	14,059		678,066
iRobot Corp. * (a)	742		12,696
Kaydon Corp.	731		32,098
Koppers Holdings, Inc.	544		24,105
K-Tron International, Inc. *	112		13,452
Lancaster Colony Corp.	861		34,406
Mettler-Toledo International, Inc. *	920		89,350
Mine Safety Appliances Company	945		38,925
Nordson Corp.	900		48,465
Park-Ohio Holdings Corp. *	427		6,708
Peerless Manufacturing Company *	276		8,945
Pentair, Inc.	2,541		81,058
Polypore International, Inc. *	1,099		22,738
Raven Industries, Inc.	515		15,604
Reddy Ice Holdings, Inc.	720		9,382
Rockwell Automation, Inc.	3,840		220,493

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

403

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Manufacturing (continued)
Roper Industries, Inc.	2,262	$	134,453
Snap-on, Inc.	1,463		74,394
Spartan Motors, Inc.	885		7,487
SPX Corp.	1,343		140,881
Stanley Works	2,096		99,811
Sturm Ruger & Company, Inc. *	898		7,399
TriMas Corp. *	1,226		6,461
Trinity Industries, Inc. (a)	2,051		54,659
Tyco International, Ltd.	12,791		563,444
			6,527,564
Medical Products - 0.00%
AtriCure, Inc. *	725		9,236
Trans1, Inc. *	604		7,037
			16,273
Medical-Hospitals - 0.15%
AmSurg Corp. *	844		19,986
Centene Corp. *	1,156		16,115
Cepheid, Inc. *	1,464		35,707
Clarient, Inc. * (a)	3,127		4,472
Community Health Systems, Inc. *	2,451		82,280
DexCom, Inc. *	1,141		4,724
EV3, Inc. * (a)	2,835		23,077
Exactech, Inc. *	498		12,545
E-Z-Em, Inc. *	458		9,604
Genoptix, Inc. *	441		11,029
Health Management Associates, Inc., Class A *	6,501		34,390
IRIS International, Inc. *	632		8,387
LifePoint Hospitals, Inc. *	1,508		41,425
MedCath Corp. *	708		12,886
MWI Veterinary Supply, Inc. *	378		13,328
Neogen Corp. *	509		12,776
Novavax, Inc. * (a)	2,867		7,626
NxStage Medical, Inc. * (a)	1,053		4,549
Orthovita, Inc. *	3,268		8,431
Possis Medical, Inc. *	654		12,740
RehabCare Group, Inc. *	548		8,220
Sunrise Senior Living, Inc. *	1,271		28,318
Tenet Healthcare Corp. *	12,406		70,218
Universal Health Services, Inc., Class B	1,373		73,716
VCA Antech, Inc. *	2,156		58,966
Vital Images, Inc. *	548		8,121
			623,636
Metal & Metal Products - 0.48%
A. M. Castle & Company	563		15,201
Ampco-Pittsburgh Corp.	389		16,723
Brush Engineered Materials, Inc. *	603		15,479
Commercial Metals Company	3,049		91,379
Crown Holdings, Inc. *	4,118		103,609
Dynamic Materials Corp.	318		13,738
Gibraltar Industries, Inc.	962		11,284
Haynes International, Inc. *	347		19,043
Horsehead Holding Corp. *	985		11,406
Kaiser Aluminum Corp.	553		38,323
L.B. Foster Company *	310		13,349
Ladish Company, Inc. *	464		16,704

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Metal & Metal Products (continued)
Lawson Products, Inc.	428	$	11,791
Matthews International Corp., Class A	854		41,206
Metalico, Inc. *	1,061		10,408
Mueller Industries, Inc.	1,020		29,427
Mueller Water Products, Inc., Class B (a)	3,078		24,255
Precision Castparts Corp.	3,543		361,670
Quanex Corp.	960		49,670
RBC Bearings, Inc. *	587		21,795
Reliance Steel & Aluminum Company	1,922		115,051
RTI International Metals, Inc. *	603		27,262
Sims Group, Ltd. *	1,414		38,913
Southern Copper Corp. (a)	7,643		793,573
Sun Hydraulics, Inc.	495		14,489
Timken Company	2,438		72,457
Titanium Metals Corp. (a)	4,168		62,728
USEC, Inc. *	2,992		11,070
			2,052,003
Mining - 0.46%
Alliance Resource Partners LP	994		34,790
Allied Nevada Gold Corp. *	1,718		8,865
AMCOL International Corp.	837		26,139
Cleveland-Cliffs, Inc.	1,064		127,488
Coeur d'Alene Mines Corp. *	14,290		57,732
Compass Minerals International, Inc.	889		52,433
Freeport-McMoRan Copper & Gold, Inc.,
Class B	9,885		951,135
General Moly, Inc. * (a)	1,615		12,904
Hecla Mining Company *	3,243		36,192
Natural Resource Partners LP	1,635		46,352
Newmont Mining Corp.	11,203		507,496
Royal Gold, Inc. (a)	845		25,494
Stillwater Mining Company *	2,755		42,620
U.S. Gold Corp. *	2,097		5,326
Uranium Resources, Inc. * (a)	1,709		10,237
			1,945,203
Mobile Homes - 0.02%
Fleetwood Enterprises, Inc. *	2,196		10,102
Skyline Corp.	339		9,431
Thor Industries, Inc.	1,441		42,898
Winnebago Industries, Inc. (a)	939		15,869
			78,300
Multimedia - 0.07%
Liberty Media Corp. - Entertainment, Series A *	13,360		302,470
Newspapers - 0.01%
AH Belo Corp. *	546		6,241
Lee Enterprises, Inc. (a)	1,377		13,784
			20,025
Office Furnishings & Supplies - 0.11%
Acco Brands Corp. *	1,550		21,033
Avery Dennison Corp.	2,689		132,433
Herman Miller, Inc.	1,574		38,673
HNI Corp. (a)	1,177		31,650
IKON Office Solutions, Inc.	3,331		25,316
Knoll, Inc.	1,395		16,098

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

404

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued (showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Office Furnishings & Supplies
(continued)
Office Depot, Inc. *	7,056	$	77,969
OfficeMax, Inc.	1,955		37,419
Steelcase, Inc. Class A	3,815		42,194
The Standard Register Company	1,169		9,106
United Stationers, Inc. *	674		32,150
			464,041
Oil & Gas Drilling - 0.00%
Rex Energy Corp. *	1,006		16,740
Paper - 0.22%
AbitibiBowater, Inc. * (a)	1,576		20,346
Buckeye Technologies, Inc. *	1,193		13,314
Domtar Corp. *	12,027		82,144
International Paper Company	11,002		299,254
MeadWestvaco Corp.	4,691		127,689
Neenah Paper, Inc. (a)	497		12,813
P.H. Glatfelter Company	1,342		20,278
Plum Creek Timber Company, Inc.	4,340		176,638
Potlatch Corp.	988		40,775
Rock-Tenn Company, Class A	1,140		34,166
Smurfit-Stone Container Corp. *	6,716		51,713
Temple-Inland, Inc.	2,652		33,734
Wausau-Mosinee Paper Corp.	1,831		15,124
Xerium Technologies, Inc.	2,060		2,657
			930,645
Petroleum Services - 1.87%
Approach Resources, Inc. *	810		12,701
Atwood Oceanics, Inc. *	791		72,551
Baker Hughes, Inc.	8,291		567,933
Basic Energy Services, Inc. *	1,262		27,865
BJ Services Company	7,425		211,687
Bronco Drilling Company, Inc. *	927		14,934
Complete Production Services, Inc. *	1,954		44,825
CVR Energy, Inc. *	2,171		49,998
Delek US Holdings, Inc.	1,343		17,016
Diamond Offshore Drilling, Inc.	3,576		416,246
Dril-Quip, Inc. *	1,048		48,701
ENSCO International, Inc.	3,676		230,191
Exterran Holdings, Inc. *	1,688		108,944
Flotek Industries, Inc. * (a)	522		7,616
Global Partners LP	563		10,134
Grey Wolf, Inc. *	5,060		34,307
GulfMark Offshore, Inc. *	671		36,717
Halliburton Company	22,797		896,606
Helmerich & Payne, Inc.	2,663		124,815
Hercules Offshore, Inc. * (a)	2,298		57,726
Hornbeck Offshore Services, Inc. *	692		31,604
ION Geophysical Corp. *	2,359		32,554
Key Energy Services, Inc. *	3,356		45,038
Linn Energy LLC	2,860		54,340
Magellan Midstream Holdings LP	1,501		34,388
Newpark Resources, Inc. *	2,824		14,402
Oceaneering International, Inc. *	1,409		88,767
PetroHawk Energy Corp. *	4,474		90,241
Petroleum Development Corp. *	408		28,262

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services (continued)
Pioneer Drilling Company *	1,650	$	26,284
Pride International, Inc. *	4,210		147,139
RPC, Inc. (a)	2,681		40,724
SandRidge Energy, Inc. *	3,673		143,798
Schlumberger, Ltd.	30,954		2,692,998
SEACOR Holdings, Inc. *	586		50,021
Smith International, Inc.	5,167		331,876
Superior Energy Services, Inc. *	2,065		81,815
Superior Well Services, Inc. *	793		17,343
T-3 Energy Services, Inc. *	348		14,811
Tesoro Corp.	3,521		105,630
TETRA Technologies, Inc. *	2,058		32,599
Tidewater, Inc.	1,401		77,209
Trico Marine Services, Inc. *	483		18,822
Valero Energy Corp.	14,201		697,411
W-H Energy Services, Inc. *	791		54,460
World Fuel Services Corp.	824		23,130
			7,967,179
Pharmaceuticals - 3.78%
Abbott Laboratories	39,926		2,201,919
Adolor Corp. *	1,856		8,482
Affymax, Inc. *	507		7,149
Akorn, Inc. * (a)	2,617		12,378
Alexion Pharmaceuticals, Inc. *	975		57,817
Alexza Pharmaceuticals, Inc. *	1,293		8,896
Alkermes, Inc. *	2,702		32,100
Allergan, Inc.	7,848		442,549
Allos Therapeutics, Inc. * (a)	2,052		12,476
Altus Pharmaceuticals, Inc. * (a)	1,133		5,155
AMAG Pharmaceuticals, Inc. *	465		18,800
AmerisourceBergen Corp.	4,326		177,279
Amicus Therapeutics Inc * (a)	789		8,442
Amylin Pharmaceuticals, Inc. * (a)	3,500		102,235
APP Pharmaceuticals, Inc. * (a)	4,291		51,835
Array BioPharma, Inc. *	1,395		9,779
Auxilium Pharmaceuticals, Inc. *	1,103		29,494
Barr Pharmaceuticals, Inc. *	2,772		133,915
Bentley Pharmaceuticals, Inc. *	745		12,106
Biodel, Inc. *	650		7,053
BioForm Medical, Inc. *	1,453		6,684
BioScrip, Inc. *	1,289		8,714
Bristol-Myers Squibb Company	51,062		1,087,621
Caraco Pharmaceutical Labs *	958		17,196
Celgene Corp. *	10,845		664,690
Chelsea Therapeutics International, Inc. *	1,239		6,195
CollaGenex Pharmaceuticals, Inc. *	785		13,007
Cubist Pharmaceuticals, Inc. *	1,479		27,243
CytRx Corp. * (a)	3,405		3,916
Eli Lilly & Company	29,369		1,515,147
Emergent Biosolutions, Inc. *	976		8,706
Endo Pharmaceutical Holdings, Inc. *	3,465		82,952
Enzon Pharmaceuticals, Inc. * (a)	1,414		13,023
Forest Laboratories, Inc. *	8,081		323,321
Gilead Sciences, Inc. *	24,160		1,244,965
Hospira, Inc. *	3,976		170,054
Idenix Pharmaceuticals, Inc. * (a)	2,211		11,099

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

405

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Indevus Pharmaceuticals, Inc. * (a)	2,544	$	12,135
Infinity Pharmaceuticals, Inc. *	1,143		6,961
Inspire Pharmaceuticals, Inc. *	2,307		8,882
Isis Pharmaceuticals, Inc. * (a)	2,386		33,666
Javelin Pharmaceuticals, Inc. * (a)	1,659		4,662
Jazz Pharmaceuticals, Inc. *	815		7,351
King Pharmaceuticals, Inc. *	6,304		54,845
La Jolla Pharmaceutical Company *	1,783		3,513
Ligand Pharmaceuticals, Inc., Class B *	3,180		12,720
MAP Pharmaceuticals, Inc. * (a)	660		9,220
Medicis Pharmaceutical Corp., Class A	1,470		28,944
Merck & Company, Inc.	56,488		2,143,720
Molecular Insight Pharmaceuticals, Inc. * (a)	1,062		7,179
Mylan, Inc. * (a)	7,786		90,318
Noven Pharmaceuticals, Inc. * (a)	807		7,247
NPS Pharmaceuticals, Inc. *	1,899		7,406
Onyx Pharmaceuticals, Inc. *	1,417		41,136
Optimer Pharmaceuticals, Inc. *	1,337		8,249
OSI Pharmaceuticals, Inc. *	1,509		56,422
Par Pharmaceutical Companies, Inc. *	907		15,773
PDL BioPharma, Inc. *	3,056		32,363
Pfizer, Inc.	177,290		3,710,680
Pharmasset, Inc. *	648		11,683
PharMerica Corp. *	829		13,737
Poniard Pharmaceuticals, Inc. *	1,427		4,780
POZEN, Inc. * (a)	1,043		10,805
Prestige Brands Holdings, Inc. *	1,615		13,211
Questcor Pharmaceuticals, Inc. * (a)	1,993		8,211
Regeneron Pharmaceuticals, Inc. *	1,775		34,062
Rigel Pharmaceuticals, Inc. *	821		15,320
Salix Pharmaceuticals, Ltd. * (a)	1,490		9,357
Schering-Plough Corp.	42,080		606,373
Sciele Pharma, Inc. * (a)	949		18,505
Sepracor, Inc. *	2,906		56,725
Sirtris Pharmaceuticals, Inc. * (a)	898		11,665
Sucampo Pharmaceuticals, Inc. *	1,224		9,792
Supergen, Inc. * (a)	2,016		5,060
Synta Pharmaceuticals Corp. * (a)	1,298		10,501
Theravance, Inc. *	1,674		17,627
Trubion Pharmaceuticals, Inc. * (a)	691		6,523
United Therapeutics Corp. *	547		47,425
Valeant Pharmaceuticals International *	2,522		32,357
Vertex Pharmaceuticals, Inc. *	3,482		83,185
Vical, Inc. *	2,395		8,430
ViroPharma, Inc. *	2,089		18,676
Warner Chilcott, Ltd., Class A *	6,434		115,812
Watson Pharmaceuticals, Inc. *	2,685		78,724
XOMA, Ltd. * (a)	3,829		9,917
			16,106,247
Photography - 0.03%
Eastman Kodak Company (a)	7,354		129,945
Plastics - 0.00%
AEP Industries, Inc. *	343		10,389
Spartech Corp.	928		7,842
			18,231

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pollution Control - 0.00%
Fuel Tech, Inc. * (a)	720	$	14,760
Publishing - 0.26%
American Greetings Corp., Class A	1,494		27,714
Consolidated Graphics, Inc. *	401		22,476
Dolan Media Company *	727		14,620
Gannett Company, Inc.	6,007		174,503
GateHouse Media, Inc. (a)	1,768		10,325
Idearc, Inc. (a)	3,639		13,246
John Wiley & Sons, Inc., Class A	1,504		59,709
Martha Stewart Living
Omnimedia, Inc., Class A * (a)	1,656		12,304
McClatchy Company, Class A (a)	2,297		24,578
McGraw-Hill Companies, Inc.	8,506		314,297
Media General, Inc., Class A (a)	741		10,389
Meredith Corp.	1,165		44,561
Multi-Color Corp.	455		10,174
Playboy Enterprises, Inc., Class B *	1,549		12,903
PRIMEDIA, Inc. (a)	1,411		10,371
Scholastic Corp. *	1,036		31,360
The New York Times Company, Class A (a)	3,783		71,423
Valassis Communications, Inc. *	1,477		16,025
Value Line, Inc.	391		17,947
VistaPrint, Ltd. * (a)	1,132		39,563
Warner Music Group Corp. (a)	4,285		21,339
Washington Post Company, Class B	244		161,406
			1,121,233
Railroads & Equipment - 0.71%
Burlington Northern Santa Fe Corp.	9,051		834,683
CSX Corp.	10,839		607,743
Genesee & Wyoming, Inc., Class A *	998		34,331
Greenbrier Company, Inc. (a)	617		16,363
Kansas City Southern *	1,987		79,699
Norfolk Southern Corp.	9,992		542,765
Union Pacific Corp.	6,790		851,330
Wabtec Corp.	1,265		47,640
			3,014,554
Real Estate - 1.94%
Acadia Realty Trust, REIT	844		20,383
Alesco Financial, Inc., REIT (a)	1,756		5,057
Alexander's, Inc., REIT * (a)	133		47,148
Alexandria Real Estate Equities, Inc., REIT	782		72,507
AMB Property Corp., REIT	2,489		135,451
American Campus Communities, Inc., REIT	767		20,985
American Financial Realty Trust, REIT	3,537		28,084
Annaly Capital Management, Inc., REIT	10,288		157,612
Anthracite Capital, Inc., REIT (a)	1,844		12,170
Anworth Mortgage Asset Corp., REIT	1,546		9,477
Apartment Investment & Management
Company, Class A, REIT	2,543		91,065
Arbor Realty Trust, Inc., REIT (a)	617		9,304
Ashford Hospitality Trust, Inc., REIT	3,419		19,420
Avalon Bay Communities, Inc., REIT	2,034		196,322
Avatar Holdings, Inc. * (a)	260		11,333
BioMed Realty Trust, Inc., REIT	1,716		40,995
Boston Properties, Inc., REIT	3,005		276,670

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

406

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Brandywine Realty Trust, REIT	2,400	$	40,704
BRE Properties, Inc., Class A, REIT	1,300		59,228
Brookfield Properties Corp.	10,171		196,402
Camden Property Trust, REIT	1,414		70,983
Capital Lease Funding, Inc., REIT	1,728		13,427
Capital Trust, Inc., Class A, REIT (a)	502		13,529
Capstead Mortage Corp., REIT	1,068		12,175
Care Investment Trust, Inc., REIT	989		10,434
CBL & Associates Properties, Inc., REIT	1,689		39,742
CBRE Realty Finance, Inc., REIT (a)	1,254		5,054
Cedar Shopping Centers, Inc., REIT	1,441		16,831
Chimera Investment Corp.	988		12,152
Cogdell Spencer, Inc., REIT	894		14,054
Colonial Properties Trust, REIT (a)	1,286		30,928
Corporate Office Properties Trust, REIT	1,205		40,500
Cousins Properties, Inc., REIT (a)	1,407		34,767
Crystal River Capital, Inc., REIT (a)	759		6,778
DCT Industrial Trust, Inc., REIT	4,610		45,916
Deerfield Capital Corp. (a)	1,882		2,654
Developers Diversified Realty Corp., REIT	3,141		131,545
DiamondRock Hospitality Company, REIT	2,532		32,080
Digital Realty Trust, Inc., REIT (a)	1,639		58,185
Douglas Emmett, Inc., REIT	2,848		62,827
Duke Realty Corp., REIT	3,666		83,621
DuPont Fabros Technology, Inc., REIT	857		14,132
EastGroup Properties, Inc., REIT	669		31,082
Education Realty Trust, Inc., REIT	1,252		15,738
Entertainment Properties Trust, REIT	756		37,293
Equity Lifestyle Properties, Inc., REIT	666		32,880
Equity One, Inc., REIT	1,930		46,262
Equity Residential, REIT	6,987		289,891
Essex Property Trust, Inc., REIT	611		69,642
Extra Space Storage, Inc., REIT	1,859		30,097
Federal Realty Investment Trust, REIT	1,397		108,896
FelCor Lodging Trust, Inc., REIT	1,842		22,159
First Industrial Realty Trust, Inc., REIT (a)	1,172		36,203
First Potomac Realty Trust, REIT	846		13,003
Forest City Enterprises, Inc., Class A	2,651		97,557
Forestar Real Estate Group, Inc. *	884		22,020
Franklin Street Properties Corp., REIT (a)	1,992		28,525
General Growth Properties, Inc., REIT	6,306		240,700
Getty Realty Corp., REIT	735		11,709
Gladstone Commercial Corp., REIT	890		13,839
Glimcher Realty Trust, REIT	1,114		13,323
GMH Communities Trust, REIT	1,694		14,704
Gramercy Capital Corp., REIT (a)	793		16,597
Grubb & Ellis Company (a)	2,142		14,716
HCP, Inc., REIT (a)	5,568		188,254
Health Care, Inc., REIT (a)	2,112		95,315
Healthcare Realty Trust, Inc., REIT	1,413		36,950
Hersha Hospitality Trust, REIT	1,508		13,617
Highwoods Properties, Inc., REIT	1,491		46,325
Hilltop Holdings, Inc. *	1,628		16,931
Home Properties, Inc., REIT (a)	847		40,648
Hospitality Properties Trust, REIT	2,329		79,233
Host Hotels & Resorts, Inc., REIT	13,441		213,981

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Real Estate (continued)
HRPT Properties Trust, REIT	6,008	$	40,434
Inland Real Estate Corp., REIT	1,866		28,382
Investors Real Estate Trust, SBI, REIT (a)	1,909		18,670
iStar Financial, Inc., REIT (a)	3,179		44,601
Jer Investors Trust, Inc., REIT (a)	876		7,428
Jones Lang LaSalle, Inc.	945		73,086
Kilroy Realty Corp., REIT	826		40,565
Kimco Realty Corp., REIT	6,468		253,352
Kite Realty Group Trust, REIT	1,014		14,196
LaSalle Hotel Properties, REIT	1,115		32,034
Lexington Corporate Property Trust, REIT (a)	1,878		27,062
Liberty Property Trust, REIT	2,328		72,424
LTC Properties, Inc., REIT	686		17,637
Mack-California Realty Corp., REIT	1,705		60,886
Maguire Properties, Inc., REIT (a)	1,276		18,260
Medical Properties Trust, Inc., REIT (a)	1,424		16,120
Meruelo Maddux Properties, Inc. *	2,531		6,429
MFA Mortgage Investments, Inc., REIT	3,159		19,902
Mid-America Apartment Communities, Inc.,
REIT	724		36,084
Monmouth Real Estate Investment Corp.	1,865		14,920
National Health Investments, Inc., REIT	756		23,625
National Retail Properties, Inc., REIT	1,821		40,153
Nationwide Health Properties, Inc., REIT	2,355		79,481
Newcastle Investment Corp., REIT (a)	1,384		11,432
NorthStar Realty Finance Corp., REIT (a)	1,799		14,698
Omega Healthcare Investors, REIT	1,841		31,960
Parkway Properties, Inc., REIT	470		17,371
Pennsylvania Real Estate
Investment Trust, REIT	1,017		24,805
Post Properties, Inc., REIT	1,149		44,374
ProLogis, REIT	6,583		387,475
PS Business Parks, Inc., REIT	664		34,462
Public Storage, Inc., REIT	4,387		388,776
RAIT Financial Trust, REIT (a)	1,775		12,319
Ramco-Gershenson Properties Trust, REIT	564		11,906
Reading International, Inc. *	1,170		11,092
Realty Income Corp., REIT (a)	2,541		65,100
Redwood Trust, Inc., REIT (a)	756		27,481
Regency Centers Corp., REIT	1,726		111,776
Resource Capital Corp., REIT (a)	1,026		7,767
Saul Centers, Inc., REIT	463		23,261
Senior Housing Properties Trust, REIT	2,164		51,287
Simon Property Group, Inc., REIT	5,753		534,511
SL Green Realty Corp., REIT	1,513		123,264
Sovran Self Storage, Inc., REIT	626		26,736
Strategic Hotel Cap, Inc., REIT	2,023		26,562
Stratus Properties, Inc. *	332		9,784
Sun Communities, Inc., REIT	686		14,063
Sunstone Hotel Investors, Inc., REIT	1,717		27,489
Tanger Factory Outlet Centers, Inc., REIT (a)	831		31,969
Taubman Centers, Inc., REIT (a)	1,334		69,501
The Macerich Company, REIT	1,839		129,227
The St. Joe Company, REIT (a)	1,933		82,984
Thomas Properties Group, Inc.	898		7,884
Thornburg Mortgage, Inc., REIT (a)	3,481		3,690
UDR, Inc., REIT	3,504		85,918

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

407

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
United Capital Corp. *	431	$	9,374
Universal Health Realty Income Trust, REIT	413		13,753
Urstadt Biddle Properties, Inc., REIT	987		16,019
U-Store-It Trust, REIT	1,894		21,459
Ventas, Inc., REIT	3,455		155,164
Vornado Realty Trust, REIT	3,895		335,788
W. P. Carey & Company LLC	1,048		31,409
Washington Real Estate Investment Trust,
REIT (a)	1,219		40,739
Weingarten Realty Investors, REIT (a)	2,159		74,356
Winthrop Realty Trust, REIT (a)	2,234		9,204
			8,284,641
Retail - 0.01%
hhgregg, Inc. *	983		11,059
Lumber Liquidators, Inc. *	1,052		11,151
Rex Stores Corp. *	508		9,992
Titan Machinery, Inc. *	484		9,051
			41,253
Retail Grocery - 0.30%
Arden Group, Inc.	114		16,302
Ingles Markets, Inc.	802		19,721
Nash Finch Company	456		15,495
PriceSmart, Inc.	821		22,750
Ruddick Corp.	1,236		45,559
Safeway, Inc.	11,288		331,303
SUPERVALU, Inc.	5,436		162,971
The Great Atlantic & Pacific Tea Company,
Inc. *	1,270		33,299
The Kroger Company	17,507		444,678
United Natural Foods, Inc. *	1,170		21,891
Village Super Market, Inc.	312		16,068
Weis Markets, Inc.	739		25,473
Whole Foods Market, Inc. (a)	3,542		116,780
			1,272,290
Retail Trade - 4.38%
99 Cents Only Stores *	2,044		20,215
A.C. Moore Arts & Crafts, Inc. *	774		5,279
Aaron Rents, Inc., Class B	1,563		33,667
Abercrombie & Fitch Company, Class A	2,232		163,249
Advance Auto Parts, Inc.	2,576		87,713
Aeropostale, Inc. *	2,016		54,654
American Eagle Outfitters, Inc.	5,548		97,146
AnnTaylor Stores Corp. *	1,613		39,002
Barnes & Noble, Inc.	1,717		52,626
Bed Bath & Beyond, Inc. *	6,839		201,751
Best Buy Company, Inc.	10,797		447,644
Big Lots, Inc. *	2,660		59,318
BJ's Wholesale Club, Inc. *	1,664		59,388
Books-A-Million, Inc.	852		7,447
Borders Group, Inc. (a)	1,847		10,842
Build A Bear Workshop, Inc. *	656		5,963
Cabela's, Inc. * (a)	1,830		25,913
CarMax, Inc. * (a)	5,607		108,888
Casey's General Stores, Inc.	1,309		29,583
Cash America International, Inc.	814		29,630

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Retail Trade (continued)
Casual Male Retail Group, Inc. * (a)	1,459	$	6,128
Cato Corp., Class A	948		14,163
Charlotte Russe Holding, Inc. *	755		13,092
Charming Shoppes, Inc. * (a)	3,551		17,151
Chico's FAS, Inc. *	4,606		32,749
Children's Place Retail Stores, Inc. *	836		20,532
Christopher & Banks Corp. (a)	1,178		11,768
Circuit City Stores, Inc. (a)	4,941		19,665
Coldwater Creek, Inc. * (a)	2,655		13,408
Collective Brands, Inc. *	1,833		22,216
Conn's, Inc. * (a)	759		12,379
Costco Wholesale Corp.	11,345		737,085
CVS Caremark Corp.	38,391		1,555,219
Dick's Sporting Goods, Inc. *	2,890		77,394
Dillard's, Inc., Class A (a)	2,209		38,017
Dollar Tree, Inc. *	2,409		66,464
DSW, Inc., Class A *	1,272		16,472
Eddie Bauer Holdings, Inc. *	1,106		4,302
Family Dollar Stores, Inc.	3,639		70,961
FGX International Holdings, Ltd. *	751		8,982
First Cash Financial Services, Inc. *	986		10,185
Foot Locker, Inc.	4,087		48,104
Fossil, Inc. *	1,818		55,522
Fred's, Inc., Class A	1,307		13,397
Gaiam, Inc., Class A * (a)	693		12,003
GameStop Corp., Class A *	4,110		212,528
Genesco, Inc. *	641		14,814
Haverty Furniture Companies, Inc. (a)	1,106		11,768
Hibbett Sports, Inc. *	889		13,726
Home Depot, Inc.	43,564		1,218,485
Hot Topic, Inc. *	1,447		6,237
Inergy Holdings LP	540		21,033
J. Crew Group, Inc. *	1,577		69,656
J.C. Penney Company, Inc.	5,702		215,022
Jo-Ann Stores, Inc. *	725		10,679
Kenneth Cole Productions, Inc., Class A (a)	826		13,992
Kohl's Corp. *	8,193		351,398
Limited Brands, Inc.	9,306		159,133
Longs Drug Stores Corp.	977		41,483
Lowe's Companies, Inc.	38,513		883,488
Macy's, Inc.	11,255		259,540
Marinemax, Inc. * (a)	662		8,249
MSC Industrial Direct Company, Inc., Class A	1,701		71,867
NBTY, Inc. *	1,737		52,023
New York & Company, Inc. *	1,749		10,039
NexCen Brands, Inc. *	1,568		5,378
Nordstrom, Inc.	6,303		205,478
Pacific Sunwear of California, Inc. *	2,017		25,434
Pantry, Inc. *	666		14,039
PC Connection, Inc. *	930		7,366
PetSmart, Inc.	3,521		71,969
Pier 1 Imports, Inc. * (a)	2,559		16,071
RadioShack Corp.	3,390		55,088
Regis Corp.	1,170		32,163
Rent-A-Center, Inc. *	1,972		36,186
Retail Ventures, Inc. *	1,498		7,265

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

408

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Rite Aid Corp. * (a)	20,893	$	61,425
Ross Stores, Inc.	3,534		105,879
Saks, Inc. *	3,680		45,890
School Specialty, Inc. *	572		18,041
Sears Holdings Corp. * (a)	3,571		364,563
Shoe Carnival, Inc. *	480		6,494
Sonic Automotive, Inc.	1,482		30,455
Spectrum Brands, Inc. * (a)	1,928		8,811
Staples, Inc.	18,312		404,878
Stein Mart, Inc. (a)	1,741		9,784
Susser Holdings Corp. *	562		10,549
Systemax, Inc. * (a)	1,068		12,880
Talbots, Inc.	1,547		16,677
Target Corp.	21,539		1,091,597
The Buckle, Inc.	819		36,634
The Dress Barn, Inc. *	1,782		23,059
The Gap, Inc.	20,653		406,451
The Men's Wearhouse, Inc.	1,405		32,694
The TJX Companies, Inc.	11,470		379,313
The Wet Seal, Inc., Class A *	2,916		9,885
Tiffany & Company	3,462		144,850
Tractor Supply Company * (a)	1,041		41,140
Tuesday Morning Corp. * (a)	1,518		7,863
Tween Brands, Inc. *	679		16,799
United Rentals, Inc. *	2,320		43,709
Urban Outfitters, Inc. *	4,259		133,520
ValueVision Media, Inc., Class A *	1,495		8,282
Walgreen Company	25,704		979,065
Wal-Mart Stores, Inc.	105,543		5,560,005
Williams-Sonoma, Inc. (a)	2,784		67,484
Zale Corp. * (a)	1,388		27,427
Zumiez, Inc. * (a)	790		12,395
			18,677,371
Sanitary Services - 0.31%
Allied Waste Industries, Inc. *	9,253		100,025
Aqua America, Inc. (a)	3,301		61,993
Artesian Resources Corp., Class A	1,027		19,030
Casella Waste Systems, Inc., Class A *	938		10,252
Darling International, Inc. *	2,134		27,635
Ecolab, Inc.	6,310		274,043
Insituform Technologies, Inc., Class A * (a)	910		12,585
Nalco Holding Company	3,749		79,291
Republic Services, Inc.	4,606		134,680
Stericycle, Inc. *	2,227		114,691
Waste Connections, Inc. *	1,643		50,506
Waste Management, Inc.	12,982		435,676
			1,320,407
Semiconductors - 2.23%
Actel Corp. *	1,034		15,830
Advanced Analogic Technologies, Inc. *	1,668		9,374
Advanced Energy Industries, Inc. *	1,319		17,490
Advanced Micro Devices, Inc. *	15,854		93,380
Altera Corp.	8,639		159,217
American Superconductor Corp. * (a)	1,173		27,202
Amkor Technology, Inc. *	4,864		52,045

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Analog Devices, Inc.	7,952	$	234,743
Applied Materials, Inc.	35,807		698,595
Applied Micro Circuits Corp. *	2,195		15,760
Atmel Corp. *	12,229		42,557
ATMI, Inc. *	1,044		29,054
AuthenTec, Inc. *	822		8,171
Axcelis Technologies, Inc. *	3,048		17,069
Broadcom Corp., Class A *	13,992		269,626
Brooks Automation, Inc. *	2,030		19,732
Cabot Microelectronics Corp. * (a)	638		20,512
Cavium Networks, Inc. *	1,101		18,056
Cirrus Logic, Inc. *	2,717		18,258
Cree, Inc. *	2,268		63,413
Cymer, Inc. *	818		21,301
Cypress Semiconductor Corp. *	3,963		93,566
Diodes, Inc. *	1,072		23,541
DSP Group, Inc. *	1,003		12,778
Emcore Corp. *	1,391		8,012
Emulex Corp. *	2,235		36,296
Entegris, Inc. *	3,322		23,885
Entropic Communications, Inc. *	2,036		7,920
Exar Corp. *	1,674		13,777
Fairchild Semiconductor International, Inc. *	3,413		40,683
FormFactor, Inc. *	1,333		25,460
Hittite Microwave Corp. *	880		32,930
Integrated Device Technology, Inc. *	5,082		45,382
Intel Corp.	151,016		3,198,519
International Rectifier Corp. *	1,846		39,689
Intersil Corp., Class A	3,383		86,842
IXYS Corp. *	1,392		9,507
KLA-Tencor Corp.	4,638		172,070
Kopin Corp. *	3,819		10,159
Kulicke & Soffa Industries, Inc. * (a)	1,889		9,029
Lam Research Corp. *	3,178		121,463
Lattice Semiconductor Corp. *	3,796		10,781
Linear Technology Corp. (a)	5,590		171,557
LSI Logic Corp. *	18,438		91,268
LTX Corp. *	2,383		7,483
Marvell Technology Group, Ltd. *	15,222		165,615
Mattson Technology, Inc. *	1,852		11,279
MEMC Electronic Materials, Inc. *	5,919		419,657
Micrel, Inc.	2,462		22,823
Microchip Technology, Inc.	5,504		180,146
Micron Technology, Inc. *	19,625		117,161
Microsemi Corp. * (a)	2,047		46,672
Microtune, Inc. *	1,931		7,067
MIPS Technologies, Inc., Class A *	1,646		6,518
MKS Instruments, Inc. *	1,682		35,995
Monolithic Power Systems, Inc. *	917		16,167
National Semiconductor Corp.	6,713		122,982
Netlogic Microsystems, Inc. * (a)	647		15,619
Novellus Systems, Inc. *	2,968		62,476
NVIDIA Corp. *	14,433		285,629
OmniVision Technologies, Inc. *	1,492		25,095
ON Semiconductor Corp. *	10,473		59,487
Pericom Semiconductor Corp. *	836		12,272

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

409

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Semiconductors (continued)
Photronics, Inc. *	1,284	$	12,262
PLX Technology, Inc. *	1,191		7,944
PMC-Sierra, Inc. *	6,217		35,437
QLogic Corp. *	3,593		55,153
Rambus, Inc. *	2,781		64,825
Rubicon Technology, Inc. * (a)	544		15,765
Rudolph Technologies, Inc. *	1,038		10,141
Semitool, Inc. * (a)	1,231		10,242
Semtech Corp. *	1,758		25,192
Silicon Image, Inc. *	2,649		13,271
Silicon Laboratories, Inc. *	1,429		45,071
Skyworks Solutions, Inc. *	4,275		31,122
Spansion, Inc. *	3,917		10,772
Techwell, Inc. *	815		8,835
Teradyne, Inc. *	4,595		57,070
Tessera Technologies, Inc. *	1,247		25,938
Texas Instruments, Inc.	36,252		1,024,844
Triquint Semiconductor, Inc. *	3,843		19,446
Ultratech, Inc. *	1,078		10,360
Varian Semiconductor Equipment
Associates, Inc. *	1,989		55,990
Veeco Instruments, Inc. *	1,061		17,644
Volterra Semiconductor Corp. *	927		10,503
Xilinx, Inc.	7,524		178,695
			9,503,164
Software - 3.29%
ACI Worldwide, Inc. *	1,062		21,155
Activision, Inc. *	7,553		206,272
Actuate Corp. *	1,884		7,724
Adobe Systems, Inc. *	14,854		528,654
Advent Software, Inc. *	721		30,729
Allscripts Healthcare Solution, Inc. * (a)	1,609		16,605
American Reprographics Company *	1,301		19,307
American Software, Inc., Class A	1,132		7,086
Ansoft Corp. *	726		22,158
ANSYS, Inc. *	2,021		69,765
Aspen Technology, Inc. *	2,401		30,613
Autodesk, Inc. *	5,979		188,219
Avid Technology, Inc. * (a)	1,141		27,772
BEA Systems, Inc. *	10,319		197,609
Blackbaud, Inc.	1,264		30,690
Blackboard, Inc. *	829		27,631
BladeLogic, Inc. *	765		21,458
BMC Software, Inc. *	5,046		164,096
Borland Software Corp. * (a)	3,134		6,331
Bottomline Technologies, Inc. *	1,024		12,902
CA, Inc.	13,347		300,308
CIBER, Inc. *	2,213		10,844
Citrix Systems, Inc. *	4,896		143,600
Commvault Systems, Inc. *	1,206		14,954
Compuware Corp. *	7,589		55,703
Concur Technologies, Inc. *	1,164		36,142
Deltek, Inc. *	1,179		15,303
DemandTec, Inc. *	790		8,058
DivX, Inc. *	1,043		7,301
Double-Take Software, Inc. *	778		9,087

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software (continued)
Ebix, Inc. *	124	$	9,176
Eclipsys Corp. *	1,443		28,297
Epicor Software Corp. *	1,620		18,144
EPIQ Systems, Inc. *	894		13,875
FARO Technologies, Inc. *	531		16,557
Genpact, Ltd. *	5,340		65,415
Guidance Software, Inc. *	970		8,682
i2 Technologies, Inc. *	728		8,197
Igate Corp. *	1,701		12,111
InfoUSA, Inc.	1,682		10,277
Innerworkings, Inc. * (a)	1,379		19,347
Interactive Intelligence, Inc. *	686		8,074
Intuit, Inc. *	8,683		234,528
iPass, Inc. * (a)	2,897		8,749
JDA Software Group, Inc. *	836		15,257
Lawson Software, Inc. *	4,832		36,385
Macrovision Corp. *	1,532		20,682
Magma Design Automation, Inc. *	1,280		12,250
Manhattan Associates, Inc. *	734		16,831
ManTech International Corp. *	917		41,595
MedAssets, Inc. *	1,175		17,414
Microsoft Corp.	243,391		6,907,437
MicroStrategy, Inc., Class A *	328		24,269
Midway Games, Inc. * (a)	3,160		8,532
Monotype Imaging Holdings, Inc. *	1,009		15,246
MSC Software Corp. *	1,474		19,147
MSCI, Inc. *	2,566		76,339
NAVTEQ Corp. *	2,525		171,700
Novell, Inc. *	9,230		58,057
Nuance Communications, Inc. * (a)	4,816		83,847
Omnicell, Inc. *	885		17,788
Omniture, Inc. * (a)	1,588		36,857
Opnet Technologies, Inc. *	996		8,107
Oracle Corp. *	132,756		2,596,707
Packeteer, Inc. *	1,309		6,663
PDF Solutions, Inc. *	1,208		6,656
Pegasystems, Inc.	1,197		11,527
Progress Software Corp. *	1,141		34,139
PROS Holdings, Inc. *	779		9,776
QAD, Inc.	1,331		11,194
Quality Systems, Inc.	804		24,015
Red Hat, Inc. *	4,997		91,895
Riverbed Technology, Inc. *	1,859		27,625
Secure Computing Corp. *	1,904		12,281
Smith Micro Software, Inc. * (a)	909		5,563
Solera Holdings, Inc. *	1,758		42,825
SPSS, Inc. *	536		20,786
Sybase, Inc. *	2,339		61,516
Synchronoss Technologies, Inc. *	882		17,666
Take-Two Interactive Software, Inc. *	1,949		49,738
Taleo Corp. *	717		13,910
Teradata Corp. *	4,604		101,564
THQ, Inc. *	1,853		40,395
Tradestation Group, Inc. *	1,306		11,127
TriZetto Group, Inc. *	1,324		22,098
Ultimate Software Group, Inc. *	692		20,802

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

410

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Software (continued)
VeriFone Holdings, Inc. * (a)	2,166	$	34,374
VMware, Inc. Class A * (a)	9,861		422,248
Websense, Inc. *	1,350		25,312
Zixit Corp. *	2,091		8,092
			14,017,739
Steel - 0.38%
AK Steel Holding Corp.	2,908		158,253
Allegheny Technologies, Inc.	2,652		189,247
Carpenter Technology Corp.	1,264		70,746
Esmark, Inc. * (a)	1,134		12,814
Northwest Pipe Company *	324		13,767
Nucor Corp.	7,434		503,579
Olympic Steel, Inc.	345		15,560
Schnitzer Steel Industries, Inc.	755		53,620
Steel Dynamics, Inc.	4,996		165,068
United States Steel Corp.	3,070		389,491
Worthington Industries, Inc. (a)	2,158		36,405
			1,608,550
Telecom Services - 0.00%
Neutral Tandem, Inc. *	882		15,885
Telecommunications Equipment &
Services - 1.80%
ADC Telecommunications, Inc. *	3,108		37,545
ADTRAN, Inc.	1,778		32,893
Airvana, Inc. *	2,045		10,695
Alaska Communications Systems Group, Inc.	1,489		18,225
American Tower Corp., Class A *	10,477		410,803
Applied Signal Technology, Inc.	878		10,360
Arris Group, Inc. *	3,523		20,504
Aruba Networks, Inc. *	2,213		11,530
Atheros Communications, Inc. *	1,555		32,406
Ciena Corp. *	2,234		68,874
Citizens Communications Company	8,227		86,301
Clearwire Corp., Class A * (a)	4,317		63,935
CommScope, Inc. *	1,713		59,664
Comtech Telecommunications Corp. *	683		26,637
Consolidated Communications Holdings, Inc.	927		14,026
Corning, Inc.	40,639		976,962
EchoStar Corp. *	2,387		70,512
Embarq Corp.	3,807		152,661
Fairpoint Communications, Inc.	1,319		11,897
General Communication, Inc., Class A *	1,771		10,874
GeoEye, Inc. *	510		13,255
Global Crossing, Ltd. * (a)	1,464		22,194
Globalstar, Inc. * (a)	2,271		16,556
Globecomm Systems, Inc. *	860		7,482
Harmonic, Inc. *	2,361		17,944
Harris Stratex Networks, Inc., Class A *	1,726		17,312
Hughes Communications, Inc. *	574		29,090
Hungarian Telephone & Cable Corp. *	721		12,509
iBasis, Inc. *	2,355		9,655
ICO Global Communications Holdings, Ltd. *	6,141		18,976
Infinera Corp. *	2,456		29,472
InterDigital, Inc. *	1,292		25,595
Iowa Telecommunications Services, Inc. (a)	1,080		19,148

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services (continued)
J2 Global Communications, Inc. *	1,416	$	31,605
JDS Uniphase Corp. *	5,663		75,828
Level 3 Communications, Inc. * (a)	39,954		84,702
Loral Space & Communications, Inc. *	588		14,018
Mastec, Inc. *	2,058		16,896
Network Equipment Technologies, Inc. *	980		6,439
NeuStar, Inc., Class A *	1,978		52,377
Nextwave Wireless, Inc. *	2,605		13,155
NTELOS Holdings Corp.	1,187		28,725
Oplink Communications, Inc. *	828		7,344
OpNext, Inc. * (a)	1,883		10,262
Orbcomm, Inc. * (a)	1,291		6,403
PAETEC Holding Corp. *	2,783		18,535
Plantronics, Inc.	1,293		24,968
Polycom, Inc. *	2,402		54,141
Powerwave Technologies, Inc. * (a)	4,178		10,654
Premiere Global Services, Inc. *	1,645		23,589
QUALCOMM, Inc.	42,481		1,741,721
RCN Corp. * (a)	1,208		13,505
SAVVIS, Inc. *	1,402		22,811
SBA Communications Corp. *	2,776		82,808
Shenandoah Telecommunications Company (a)	757		11,234
ShoreTel, Inc. * (a)	1,372		7,025
Sonus Networks, Inc. * (a)	7,319		25,177
Starent Networks Corp. * (a)	1,901		25,664
SureWest Communications (a)	684		10,575
Symmetricom, Inc. *	2,032		7,092
Tekelec, Inc. *	1,932		24,053
Tellabs, Inc. *	11,519		62,779
TerreStar Corp. *	2,683		13,093
UTStarcom, Inc. * (a)	3,921		11,136
Verizon Communications, Inc.	75,202		2,741,113
Viasat, Inc. *	875		19,005
Virgin Mobile USA, Inc. * (a)	1,554		3,155
Vonage Holdings Corp. * (a)	5,080		9,398
			7,677,477
Telephone - 1.73%
AT&T, Inc.	158,289		6,062,469
Atlantic Tele-Network, Inc.	487		16,475
Cbeyond Communications, Inc. *	852		16,009
Centennial Communications Corp., Class A *	3,354		19,822
CenturyTel, Inc.	2,769		92,041
Cincinnati Bell, Inc. *	6,800		28,968
Harris Corp.	3,526		171,117
IDT Corp. (a)	3,061		11,846
Qwest Communications International, Inc.	46,892		212,421
Sprint Nextel Corp.	73,843		494,010
U.S. Cellular Corp. *	2,249		123,695
Windstream Corp.	11,944		142,731
			7,391,604
Tires & Rubber - 0.04%
Cooper Tire & Rubber Company	1,660		24,850
Goodyear Tire & Rubber Company *	5,447		140,533

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

411

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Tires & Rubber (continued)
Myers Indiana, Inc.	1,042	$	13,681
			179,064
Tobacco - 1.16%
Alliance One International, Inc. *	3,015		18,211
Altria Group, Inc.	54,473		1,209,301
Loews Corp. - Carolina Group	2,765		200,601
Philip Morris International, Inc. *	54,473		2,755,244
Reynolds American, Inc. (a)	7,620		449,809
Schweitzer Mauduit International, Inc.	535		12,380
Universal Corp.	714		46,788
UST, Inc.	4,004		218,298
Vector Group, Ltd. (a)	1,577		27,739
			4,938,371
Toys, Amusements & Sporting Goods - 0.09%
Hasbro, Inc.	3,801		106,048
Jakks Pacific, Inc. *	841		23,187
Marvel Entertainment, Inc. *	1,989		53,285
Mattel, Inc.	9,439		187,836
Russ Berrie & Company, Inc. *	770		10,826
			381,182
Transportation - 0.33%
Aircastle, Ltd.	1,899		21,364
Alexander & Baldwin, Inc.	1,098		47,302
American Commercial Lines, Inc. *	1,353		21,377
Atlas Air Worldwide Holdings, Inc. *	611		33,605
Bristow Group, Inc. *	627		33,651
C.H. Robinson Worldwide, Inc.	4,367		237,565
Capital Product Partners LP	695		12,962
Con-way, Inc.	1,121		55,467
Dynamex, Inc. *	463		11,714
Eagle Bulk Shipping, Inc. (a)	1,242		31,994
Excel Maritime Carriers, Ltd. (a)	528		15,497
Expeditors International of Washington, Inc.	5,528		249,755
Genco Shipping & Trading, Ltd. (a)	757		42,717
General Maritime Corp. (a)	820		19,360
Horizon Lines, Inc. (a)	920		17,121
Kirby Corp. *	1,347		76,779
K-Sea Transportation Partners LP	482		17,014
Marten Transport, Ltd. *	844		13,099
Martin Midstream Partners LP *	513		15,652
Navios Maritime Partners LP *	838		12,101
OceanFreight, Inc.	499		10,923
OSG America LP	1,060		14,575
Overseas Shipholding Group, Inc.	784		54,911
Pacer International, Inc.	1,166		19,157
Patriot Transportation Holding, Inc. * (a)	166		13,021
PHI, Inc. *	497		15,675
Saia, Inc. *	560		8,882
Ship Finance International, Ltd. (a)	1,754		46,095
TBS International, Ltd. *	750		22,650
Teekay LNG Partners LP *	1,112		31,937
Teekay Shipping Corp.	1,811		76,913
Textainer Group Holdings, Ltd.	1,273		19,197
U.S. Shipping Partners LP * (a)	803		9,572
Universal Truckload Services, Inc. * (a)	570		11,896

Total Stock Market Index Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Transportation (continued)
UTI Worldwide, Inc.		2,535	$	50,903
				1,392,403
Travel Services - 0.00%
Ambassadors Group, Inc.		666		12,581
Trucking & Freight - 0.81%
Arkansas Best Corp. (a)		772		24,596
Celadon Group, Inc. *		960		9,293
FedEx Corp.		7,871		729,406
Forward Air Corp. (a)		832		29,486
Heartland Express, Inc. (a)		2,649		37,775
Hub Group, Inc., Class A *		1,073		35,291
J.B. Hunt Transport Services, Inc.		3,245		101,990
Knight Transportation, Inc. (a)		2,283		37,578
Landstar Systems, Inc.		1,385		72,242
Old Dominion Freight Lines, Inc. *		1,043		33,199
Oshkosh Truck Corp.		1,872		67,916
Plains All American Pipeline LP		2,945		140,005
Ryder Systems, Inc.		1,463		89,111
United Parcel Service, Inc., Class B		27,206		1,986,582
Wabash National Corp. (a)		1,176		10,572
Werner Enterprises, Inc.		1,932		35,858
YRC Worldwide, Inc. * (a)		1,635		21,451
				3,462,351
Utility Service - 0.01%
ENGlobal Corp. * (a)		883		7,550
SJW Corp. (a)		602		17,211
				24,761
TOTAL COMMON STOCKS (Cost $367,177,312)			$	413,422,229
RIGHTS - 0.00%
Financial Services - 0.00%
Centerline Holding Company (Expiration date
04/04/2008, Strike Price: USD 11.70) *		1,692		0
Pharmaceuticals - 0.00%
OSI Pharmaceuticals, Inc. (Expiration date
06/12/2008, Strike Price: USD 45.00) *		19		0
TOTAL RIGHTS (Cost $0)			$	0
SHORT TERM INVESTMENTS - 7.42%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	19,812,930	$	19,812,930
Lloyds Bank PLC
2.70% due 04/01/2008		11,785,000		11,785,000
TOTAL SHORT TERM INVESTMENTS
(Cost $31,597,930)			$	31,597,930
Total Investments (Total Stock Market Index Trust)
(Cost $398,775,242) - 104.42%			$	445,020,159
Liabilities in Excess of Other Assets - (4.42)%				(18,821,086)
TOTAL NET ASSETS - 100.00%			$	426,199,073

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

412

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Core Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.65%
Aerospace - 0.88%
Boeing Company	900	$	66,933
General Dynamics Corp.	5,600		466,872
Goodrich Corp.	12,000		690,120
Northrop Grumman Corp.	1,700		132,277
Raytheon Company	1,000		64,610
Rockwell Collins, Inc.	4,500		257,175
United Technologies Corp.	58,600		4,032,852
			5,710,839
Agriculture - 1.20%
Archer-Daniels-Midland Company	6,400		263,424
Monsanto Company	67,700		7,548,550
			7,811,974
Aluminum - 0.16%
Alcoa, Inc.	29,400		1,060,164
Apparel & Textiles - 0.65%
Coach, Inc. *	52,200		1,573,830
Liz Claiborne, Inc.	12,600		228,690
Mohawk Industries, Inc. * (a)	2,000		143,220
NIKE, Inc., Class B	17,800		1,210,400
Polo Ralph Lauren Corp., Class A	3,100		180,699
VF Corp.	11,300		875,863
			4,212,702
Auto Parts - 0.48%
Autoliv, Inc.	3,200		160,640
AutoZone, Inc. *	7,600		865,108
BorgWarner, Inc.	4,600		197,938
Johnson Controls, Inc.	55,700		1,882,660
			3,106,346
Auto Services - 0.06%
AutoNation, Inc. *	25,700		384,729
Automobiles - 0.48%
Ford Motor Company * (a)	161,400		923,208
General Motors Corp. (a)	20,500		390,525
PACCAR, Inc.	40,450		1,820,250
			3,133,983
Banking - 1.23%
Bank of America Corp.	147,202		5,580,428
BB&T Corp.	18,500		593,110
Comerica, Inc.	9,500		333,260
National City Corp.	53,200		529,340
U.S. Bancorp	28,600		925,496
UnionBanCal Corp.	1,500		73,620
			8,035,254
Biotechnology - 0.54%
Amgen, Inc. *	38,500		1,608,530
Biogen Idec, Inc. *	27,300		1,684,137
Invitrogen Corp. *	2,400		205,128
			3,497,795
Broadcasting - 0.12%
Discovery Holding Company *	26,300		558,086
Liberty Global, Inc., Class A *	7,000		238,560
			796,646

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Building Materials & Construction - 0.03%
Masco Corp.	9,500	$	188,385
Business Services - 1.09%
Affiliated Computer Services, Inc., Class A *	21,300		1,067,343
Cadence Design Systems, Inc. *	4,400		46,992
DST Systems, Inc. *	1,100		72,314
Fiserv, Inc. *	43,100		2,072,679
Fluor Corp.	12,600		1,778,616
Jacobs Engineering Group, Inc. *	16,800		1,236,312
Manpower, Inc.	3,200		180,032
Moody's Corp. (a)	2,100		73,143
NCR Corp. *	9,000		205,470
R.R. Donnelley & Sons Company	3,600		109,116
Total Systems Services, Inc.	12,200		288,652
			7,130,669
Chemicals - 0.52%
Air Products & Chemicals, Inc.	9,100		837,200
Celanese Corp., Series A	14,600		570,130
Dow Chemical Company	4,900		180,565
FMC Corp.	1,300		72,137
Lubrizol Corp.	4,000		222,040
Praxair, Inc.	18,100		1,524,563
			3,406,635
Computers & Business Equipment - 6.55%
Apple, Inc. *	81,000		11,623,500
Cisco Systems, Inc. *	486,800		11,727,012
Cognizant Technology Solutions Corp.,
Class A *	2,200		63,426
Dell, Inc. *	317,600		6,326,592
EMC Corp. *	275,200		3,946,368
Hewlett-Packard Company	16,300		744,258
International Business Machines Corp.	62,600		7,207,764
Juniper Networks, Inc. *	18,400		460,000
Lexmark International, Inc. *	3,800		116,736
Western Digital Corp. *	17,600		475,904
			42,691,560
Construction & Mining Equipment - 0.01%
Rowan Companies, Inc.	1,900		78,242
Construction Materials - 0.11%
Martin Marietta Materials, Inc. (a)	3,500		371,595
Trane, Inc.	6,300		289,170
Vulcan Materials Company	900		59,760
			720,525
Containers & Glass - 0.19%
Ball Corp.	1,700		78,098
Owens-Illinois, Inc. *	20,600		1,162,458
			1,240,556
Cosmetics & Toiletries - 2.21%
Avon Products, Inc.	15,000		593,100
Colgate-Palmolive Company	27,400		2,134,734
Estee Lauder Companies, Inc., Class A	9,300		426,405
Kimberly-Clark Corp.	36,400		2,349,620
Procter & Gamble Company	127,100		8,905,897
			14,409,756

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

413

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Crude Petroleum & Natural Gas - 1.98%
Apache Corp.	28,700	$	3,467,534
Devon Energy Corp.	13,600		1,418,888
Forest Oil Corp. *	1,500		73,440
Hess Corp.	13,100		1,155,158
Marathon Oil Corp.	1,200		54,720
Occidental Petroleum Corp.	85,100		6,226,767
Sunoco, Inc.	9,300		487,971
			12,884,478
Domestic Oil - 0.04%
Denbury Resources, Inc. *	9,500		271,225
Drugs & Health Care - 0.37%
Wyeth	57,800		2,413,728
Educational Services - 0.66%
Apollo Group, Inc., Class A *	78,500		3,391,200
ITT Educational Services, Inc. *	20,300		932,379
			4,323,579
Electrical Equipment - 0.07%
Emerson Electric Company	6,000		308,760
FLIR Systems, Inc. *	4,500		135,405
			444,165
Electrical Utilities - 0.45%
Constellation Energy Group, Inc.	3,700		326,599
Edison International	7,700		377,454
Mirant Corp. *	6,900		251,091
PPL Corp.	5,700		261,744
Public Service Enterprise Group, Inc.	23,900		960,541
Reliant Energy, Inc. *	30,800		728,420
			2,905,849
Electronics - 0.41%
Arrow Electronics, Inc. *	5,600		188,440
Avnet, Inc. *	11,700		382,941
L-3 Communications Holdings, Inc.	19,300		2,110,262
			2,681,643
Energy - 0.30%
Duke Energy Corp.	44,000		785,400
McDermott International, Inc. *	12,700		696,214
NRG Energy, Inc. *	12,600		491,274
			1,972,888
Financial Services - 1.51%
Blackrock, Inc.	700		142,926
Charles Schwab Corp.	8,300		156,289
Citigroup, Inc.	357,800		7,664,076
Eaton Vance Corp.	7,200		219,672
Franklin Resources, Inc.	3,300		320,067
Goldman Sachs Group, Inc.	700		115,773
Janus Capital Group, Inc.	2,700		62,829
Leucadia National Corp.	18,100		818,482
SEI Investments Company	7,700		190,113
State Street Corp.	800		63,200
T. Rowe Price Group, Inc.	1,300		65,000
			9,818,427

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages - 6.52%
Coca-Cola Enterprises, Inc.	12,100	$	292,820
Kellogg Company	3,800		199,728
Kraft Foods, Inc., Class A	44,159		1,369,371
Pepsi Bottling Group, Inc.	2,000		67,820
PepsiAmericas, Inc.	2,300		58,719
PepsiCo, Inc.	212,500		15,342,500
The Coca-Cola Company	395,700		24,086,259
Tyson Foods, Inc., Class A	29,400		468,930
William Wrigley, Jr. Company	9,100		571,844
			42,457,991
Forest Products - 0.06%
Weyerhaeuser Company	6,200		403,248
Gas & Pipeline Utilities - 0.69%
Equitable Resources, Inc.	1,400		82,460
Transocean, Inc. *	32,684		4,418,877
			4,501,337
Gold - 0.21%
Barrick Gold Corp.	31,200		1,355,640
Healthcare Products - 6.63%
Baxter International, Inc.	1,100		63,602
DENTSPLY International, Inc.	3,400		131,240
Intuitive Surgical, Inc. *	5,200		1,686,620
Johnson & Johnson	374,200		24,274,354
Kinetic Concepts, Inc. *	1,400		64,722
Medtronic, Inc.	72,800		3,521,336
Patterson Companies, Inc. *	28,500		1,034,550
St. Jude Medical, Inc. *	9,600		414,624
Stryker Corp.	60,700		3,948,535
Zimmer Holdings, Inc. *	103,700		8,074,082
			43,213,665
Healthcare Services - 5.51%
Cardinal Health, Inc.	28,300		1,486,033
Covance, Inc. *	2,500		207,425
Coventry Health Care, Inc. *	49,900		2,013,465
Express Scripts, Inc. *	103,400		6,650,688
Humana, Inc. *	1,000		44,860
McKesson Corp.	46,200		2,419,494
Medco Health Solutions, Inc. *	65,500		2,868,245
Quest Diagnostics, Inc.	12,000		543,240
UnitedHealth Group, Inc.	433,300		14,888,188
WellPoint, Inc. *	109,000		4,810,170
			35,931,808
Holdings Companies/Conglomerates - 0.16%
Textron, Inc.	18,700		1,036,354
Homebuilders - 0.03%
Toll Brothers, Inc. *	7,600		178,448
Hotels & Restaurants - 0.34%
McDonald's Corp.	33,800		1,885,026
Starbucks Corp. *	3,600		63,000
Wynn Resorts, Ltd. * (a)	1,800		181,152
Yum! Brands, Inc.	1,900		70,699
			2,199,877

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

414

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Products - 0.25%
Clorox Company	1,100	$	62,304
Energizer Holdings, Inc. *	17,200		1,556,256
			1,618,560
Industrial Machinery - 1.67%
Cameron International Corp. *	21,500		895,260
Caterpillar, Inc.	30,200		2,364,358
Deere & Company	48,700		3,917,428
Flowserve Corp.	3,000		313,140
FMC Technologies, Inc. *	9,000		512,010
Ingersoll-Rand Company, Ltd., Class A	17,500		780,150
ITT Corp.	9,500		492,195
Pall Corp.	8,100		284,067
Parker-Hannifin Corp.	18,200		1,260,714
W.W. Grainger, Inc.	1,100		84,029
			10,903,351
Industrials - 0.05%
Fastenal Company (a)	6,000		275,580
Harsco Corp.	1,200		66,456
			342,036
Insurance - 3.15%
ACE, Ltd.	14,600		803,876
Aetna, Inc.	18,900		795,501
AFLAC, Inc.	31,800		2,065,410
Allstate Corp.	83,800		4,027,428
American International Group, Inc.	100,400		4,342,300
Aon Corp.	18,800		755,760
Brown & Brown, Inc.	14,900		258,962
Chubb Corp.	22,600		1,118,248
CIGNA Corp.	13,300		539,581
CNA Financial Corp.	4,500		116,055
First American Corp.	5,700		193,458
Hartford Financial Services Group, Inc.	7,700		583,429
Old Republic International Corp.	4,900		63,259
Progressive Corp.	39,300		631,551
Prudential Financial, Inc.	5,100		399,075
SAFECO Corp.	2,700		118,476
The Travelers Companies, Inc.	51,800		2,478,630
Torchmark Corp.	8,900		534,979
UnumProvident Corp.	29,600		651,496
W.R. Berkley Corp.	2,550		70,609
			20,548,083
International Oil - 12.17%
Anadarko Petroleum Corp.	27,300		1,720,719
Chevron Corp.	325,400		27,776,144
ConocoPhillips	114,370		8,716,138
Exxon Mobil Corp.	453,600		38,365,488
Murphy Oil Corp.	11,800		969,252
Noble Corp.	11,900		591,073
Weatherford International, Ltd. *	15,800		1,145,026
			79,283,840
Internet Content - 1.04%
Google, Inc., Class A *	15,400		6,783,238
Internet Retail - 1.60%
Amazon.com, Inc. *	52,400		3,736,120

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Internet Retail (continued)
eBay, Inc. *	206,100	$	6,150,024
Expedia, Inc. *	24,900		545,061
			10,431,205
Internet Software - 0.10%
McAfee, Inc. *	5,600		185,304
VeriSign, Inc. *	14,400		478,656
			663,960
Leisure Time - 0.13%
MGM MIRAGE * (a)	14,261		838,119
Life Sciences - 0.02%
Waters Corp. *	1,800		100,260
Liquor - 0.30%
Anheuser-Busch Companies, Inc.	40,500		1,921,725
Manufacturing - 2.61%
3M Company	112,600		8,912,290
Danaher Corp.	41,600		3,162,848
Eaton Corp.	3,300		262,911
Harley-Davidson, Inc.	24,300		911,250
Honeywell International, Inc.	49,400		2,787,148
Illinois Tool Works, Inc.	4,200		202,566
SPX Corp.	2,100		220,290
Tyco International, Ltd.	11,900		524,195
			16,983,498
Metal & Metal Products - 0.24%
Crown Holdings, Inc. *	3,000		75,480
Precision Castparts Corp.	13,500		1,378,080
Reliance Steel & Aluminum Company	1,600		95,776
			1,549,336
Mining - 0.24%
Agnico Eagle Mines, Ltd.	9,800		663,558
Freeport-McMoRan Copper & Gold, Inc.,
Class B	9,400		904,468
			1,568,026
Multimedia - 0.03%
Liberty Media Corp. - Entertainment, Series A *	9,200		208,288
Office Furnishings & Supplies - 0.11%
Office Depot, Inc. *	65,300		721,565
Paper - 0.01%
Temple-Inland, Inc.	4,700		59,784
Petroleum Services - 2.44%
Baker Hughes, Inc.	3,500		239,750
Diamond Offshore Drilling, Inc.	9,800		1,140,720
Halliburton Company	20,100		790,533
Schlumberger, Ltd.	108,400		9,430,800
Smith International, Inc.	19,500		1,252,485
Valero Energy Corp.	62,100		3,049,731
			15,904,019
Pharmaceuticals - 8.33%
Abbott Laboratories	77,700		4,285,155
AmerisourceBergen Corp.	28,100		1,151,538
Bristol-Myers Squibb Company	16,200		345,060
Eli Lilly & Company	77,600		4,003,384

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

415

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Forest Laboratories, Inc. *	48,900	$	1,956,489
Gilead Sciences, Inc. *	26,800		1,381,004
King Pharmaceuticals, Inc. *	7,600		66,120
Merck & Company, Inc.	412,600		15,658,170
Pfizer, Inc.	1,185,200		24,806,236
Schering-Plough Corp.	45,400		654,214
			54,307,370
Publishing - 0.18%
Gannett Company, Inc.	37,400		1,086,470
McGraw-Hill Companies, Inc.	2,700		99,765
			1,186,235
Railroads & Equipment - 0.12%
CSX Corp.	3,200		179,424
Union Pacific Corp.	5,000		626,900
			806,324
Retail Grocery - 0.32%
Safeway, Inc.	26,000		763,100
SUPERVALU, Inc.	12,933		387,731
The Kroger Company	37,600		955,040
			2,105,871
Retail Trade - 9.38%
Abercrombie & Fitch Company, Class A	13,500		987,390
Advance Auto Parts, Inc.	2,200		74,910
American Eagle Outfitters, Inc.	44,950		787,074
Bed Bath & Beyond, Inc. *	36,600		1,079,700
Best Buy Company, Inc.	3,700		153,402
Costco Wholesale Corp.	10,300		669,191
CVS Caremark Corp.	10,800		437,508
Family Dollar Stores, Inc.	14,600		284,700
GameStop Corp., Class A *	10,100		522,271
Home Depot, Inc.	460,000		12,866,200
Kohl's Corp. *	40,200		1,724,178
Lowe's Companies, Inc.	231,000		5,299,140
Staples, Inc.	53,300		1,178,463
Target Corp.	52,800		2,675,904
Tiffany & Company	10,400		435,136
Walgreen Company	103,900		3,957,551
Wal-Mart Stores, Inc.	531,400		27,994,152
			61,126,870
Sanitary Services - 0.02%
Stericycle, Inc. *	2,500		128,750
Semiconductors - 0.66%
Analog Devices, Inc.	4,300		126,936
Cypress Semiconductor Corp. *	3,100		73,191
Intel Corp.	167,800		3,554,004
Intersil Corp., Class A	3,200		82,144
KLA-Tencor Corp.	1,600		59,360
Texas Instruments, Inc.	11,500		325,105
Xilinx, Inc.	2,900		68,875
			4,289,615
Software - 4.91%
Activision, Inc. *	3,500		95,585
Autodesk, Inc. *	5,200		163,696

U.S. Core Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Software (continued)
CA, Inc.		12,300	$	276,750
Citrix Systems, Inc. *		7,100		208,243
Intuit, Inc. *		9,200		248,492
Microsoft Corp.		845,600		23,998,128
Oracle Corp. *		357,400		6,990,744
				31,981,638
Telecommunications Equipment &
Services - 3.39%
Corning, Inc.		39,200		942,368
QUALCOMM, Inc.		282,900		11,598,900
Verizon Communications, Inc.		261,500		9,531,675
				22,072,943
Telephone - 0.55%
AT&T, Inc.		93,822		3,593,383
Tires & Rubber - 0.04%
Goodyear Tire & Rubber Company *		9,200		237,360
Tobacco - 1.81%
Altria Group, Inc.		152,700		3,389,940
Philip Morris International, Inc. *		152,700		7,723,566
UST, Inc.		12,600		686,952
				11,800,458
Toys, Amusements & Sporting Goods - 0.05%
Hasbro, Inc.		11,500		320,850
Trucking & Freight - 0.28%
FedEx Corp.		3,300		305,811
Oshkosh Truck Corp.		1,600		58,048
United Parcel Service, Inc., Class B		19,600		1,431,192
				1,795,051
TOTAL COMMON STOCKS (Cost $697,922,229)			$	642,792,721
SHORT TERM INVESTMENTS - 0.47%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	3,069,039	$	3,069,039
TOTAL SHORT TERM INVESTMENTS
(Cost $3,069,039)			$	3,069,039
REPURCHASE AGREEMENTS - 1.11%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$7,209,320 on 04/01/2008,
collateralized by $6,865,000
Federal Home Loan Mortgage
Corp., 5.625% due 11/23/2035
(valued at $7,354,131, including
interest)	$	7,209,000		7,209,000
TOTAL REPURCHASE AGREEMENTS
(Cost $7,209,000)			$	7,209,000
Total Investments (U.S. Core Trust)
(Cost $708,200,268) - 100.23%			$	653,070,760
Liabilities in Excess of Other Assets - (0.23)%				(1,473,517)
TOTAL NET ASSETS - 100.00%			$	651,597,243

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

416

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Global Leaders Growth Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.55%
Advertising - 1.07%
Monster Worldwide, Inc. *	6,600	$	159,786
Omnicom Group, Inc.	7,700		340,186
			499,972
Aerospace - 3.19%
General Dynamics Corp.	8,400		700,308
Lockheed Martin Corp.	2,600		258,180
Rockwell Collins, Inc.	3,100		177,165
United Technologies Corp.	5,100		350,982
			1,486,635
Agriculture - 1.68%
Monsanto Company	7,000		780,500
Apparel & Textiles - 0.44%
Coach, Inc. *	6,800		205,020
Automobiles - 0.02%
PACCAR, Inc.	200		9,000
Banking - 1.74%
Bank of New York Mellon Corp.	9,900		413,127
Northern Trust Corp.	6,000		398,820
			811,947
Biotechnology - 1.66%
Genentech, Inc. *	9,500		771,210
Broadcasting - 0.21%
Discovery Holding Company *	4,600		97,612
Building Materials & Construction - 0.78%
Foster Wheeler, Ltd. *	6,400		362,368
Business Services - 2.14%
Accenture, Ltd., Class A	9,000		316,530
Automatic Data Processing, Inc.	12,352		523,601
Fiserv, Inc. *	3,300		158,697
			998,828
Cable & Television - 0.75%
Rogers Communications, Inc.	7,600		272,992
Shaw Communications, Inc.	4,100		74,538
			347,530
Cellular Communications - 1.91%
America Movil SA de CV, Series L, ADR	13,200		840,708
Metropcs Communications, Inc. *	2,900		49,300
			890,008
Chemicals - 1.03%
Praxair, Inc.	5,700		480,111
Computers & Business Equipment - 6.99%
Apple, Inc. *	6,700		961,450
Cisco Systems, Inc. *	28,800		693,792
Dell, Inc. *	15,300		304,776
EMC Corp. *	20,700		296,838
Hewlett-Packard Company	8,000		365,280
Juniper Networks, Inc. *	25,300		632,500
			3,254,636
Construction & Mining Equipment - 0.38%
Joy Global, Inc.	2,700		175,932

U.S. Global Leaders Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Cosmetics & Toiletries - 1.36%
Procter & Gamble Company	9,063	$	635,044
Crude Petroleum & Natural Gas - 0.36%
EOG Resources, Inc.	1,400		168,000
Drugs & Health Care - 0.10%
Wyeth	1,100		45,936
Educational Services - 0.05%
Apollo Group, Inc., Class A *	500		21,600
Electronics - 0.21%
Thermo Fisher Scientific, Inc. *	1,700		96,628
Energy - 0.72%
McDermott International, Inc. *	6,100		334,402
Financial Services - 10.10%
American Express Company	2,900		126,788
Ameriprise Financial, Inc.	7,000		362,950
Blackrock, Inc. (a)(c)	500		102,090
Charles Schwab Corp.	16,500		310,695
CME Group, Inc.	750		351,825
Franklin Resources, Inc.	6,700		649,833
Goldman Sachs Group, Inc.	3,000		496,170
IntercontinentalExchange, Inc. *	200		26,100
MasterCard, Inc., Class A	900		200,691
Merrill Lynch & Company, Inc.	4,300		175,182
Morgan Stanley	9,000		411,300
State Street Corp.	14,136		1,116,744
UBS AG (c)	490		14,268
Visa, Inc. *	5,800		361,688
			4,706,324
Food & Beverages - 0.73%
PepsiCo, Inc.	3,600		259,920
Sysco Corp.	2,747		79,718
			339,638
Healthcare Products - 4.70%
Alcon, Inc.	2,200		312,950
Baxter International, Inc.	3,400		196,588
Becton, Dickinson & Company	1,000		85,850
Intuitive Surgical, Inc. *	400		129,740
Medtronic, Inc.	11,208		542,131
St. Jude Medical, Inc. *	11,600		501,004
Stryker Corp.	6,500		422,825
			2,191,088
Healthcare Services - 3.78%
Cardinal Health, Inc.	900		47,259
Express Scripts, Inc. *	5,400		347,328
Humana, Inc. *	3,800		170,468
Laboratory Corp. of America Holdings *	6,500		478,920
McKesson Corp.	4,800		251,376
Medco Health Solutions, Inc. *	8,300		363,457
WellPoint, Inc. *	2,300		101,499
			1,760,307
Holdings Companies/Conglomerates - 2.78%
General Electric Company	35,001		1,295,387

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

417

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Global Leaders Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hotels & Restaurants - 1.62%
Marriott International, Inc., Class A	9,100	$	312,676
McDonald's Corp.	3,200		178,464
Yum! Brands, Inc.	7,100		264,191
			755,331
Industrials - 0.29%
Fastenal Company (a)	2,900		133,197
Insurance - 1.65%
Aetna, Inc.	11,900		500,871
Prudential Financial, Inc.	3,400		266,050
			766,921
International Oil - 2.95%
Chevron Corp.	1,700		145,112
Exxon Mobil Corp.	6,900		583,602
Murphy Oil Corp.	6,000		492,840
Petroleo Brasileiro SA, SADR	1,800		152,442
			1,373,996
Internet Content - 2.65%
Google, Inc., Class A *	2,800		1,233,316
Internet Retail - 2.74%
Amazon.com, Inc. *	12,900		919,770
eBay, Inc. *	10,843		323,555
Expedia, Inc. *	1,500		32,835
			1,276,160
Internet Software - 0.83%
McAfee, Inc. *	4,000		132,360
VeriSign, Inc. *	7,600		252,624
			384,984
Leisure Time - 2.29%
Electronic Arts, Inc. *	8,614		430,011
International Game Technology	4,800		193,008
Las Vegas Sands Corp. *	4,700		346,108
MGM MIRAGE * (a)	1,671		98,205
			1,067,332
Manufacturing - 3.38%
Danaher Corp.	15,400		1,170,862
Illinois Tool Works, Inc.	3,800		183,274
Tyco International, Ltd.	5,000		220,250
			1,574,386
Mining - 1.38%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	6,700		644,674
Petroleum Services - 6.29%
Baker Hughes, Inc.	6,200		424,700
Schlumberger, Ltd.	15,100		1,313,700
Smith International, Inc.	12,800		822,144
Total SA, ADR	5,000		370,050
			2,930,594
Pharmaceuticals - 5.33%
Allergan, Inc.	6,700		377,813
Celgene Corp. *	8,400		514,836
Gilead Sciences, Inc. *	18,300		942,999
Merck & Company, Inc.	3,800		144,210

U.S. Global Leaders Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Roche Holdings AG - Genusschein		1,892	$	356,585
Schering-Plough Corp.		10,200		146,982
				2,483,425
Publishing - 0.55%
McGraw-Hill Companies, Inc.		6,900		254,955
Retail Trade - 5.36%
Bed Bath & Beyond, Inc. *		5,800		171,100
Costco Wholesale Corp.		3,800		246,886
CVS Caremark Corp.		27,900		1,130,229
Kohl's Corp. *		9,800		420,322
Target Corp.		2,100		106,428
Wal-Mart Stores, Inc.		8,000		421,440
				2,496,405
Semiconductors - 3.03%
Analog Devices, Inc.		5,800		171,216
Applied Materials, Inc.		7,600		148,276
Broadcom Corp., Class A *		4,100		79,007
Intel Corp.		15,400		326,172
Marvell Technology Group, Ltd. *		26,700		290,496
Xilinx, Inc.		16,600		394,250
				1,409,417
Software - 4.30%
Adobe Systems, Inc. *		6,000		213,540
Autodesk, Inc. *		7,100		223,508
Intuit, Inc. *		3,400		91,834
Microsoft Corp.		42,604		1,209,102
Oracle Corp. *		13,600		266,016
				2,004,000
Steel - 0.06%
Nucor Corp.		400		27,096
Telecommunications Equipment &
Services - 4.25%
American Tower Corp., Class A *		16,300		639,123
Corning, Inc.		16,300		391,852
Nokia Oyj, SADR		16,300		518,829
QUALCOMM, Inc.		10,500		430,500
				1,980,304
Telephone - 0.46%
AT&T, Inc.		5,600		214,480
Toys, Amusements & Sporting Goods - 0.90%
Nintendo Company, Ltd.		800		418,563
Transportation - 0.36%
Expeditors International of Washington, Inc.		3,700		167,166
TOTAL COMMON STOCKS (Cost $46,586,516)			$	46,362,365
SHORT TERM INVESTMENTS - 0.84%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	314,103	$	314,103

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

418

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Global Leaders Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
T. Rowe Price Reserve Investment
Fund (c)	$	78,816	$	78,816
TOTAL SHORT TERM INVESTMENTS
(Cost $392,919)			$	392,919
Total Investments (U.S. Global Leaders Growth Trust)
(Cost $46,979,435) - 100.39%			$	46,755,284
Liabilities in Excess of Other Assets - (0.39)%				(182,223)
TOTAL NET ASSETS - 100.00%			$	46,573,061
U.S. Government Securities Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 9.31%
Treasury Inflation Protected
Securities (d) - 1.31%
2.00% due 01/15/2026	$	1,392,96	$	1,436,058
2.375% due 01/15/2027		3,024,443		3,301,367
				4,737,425
U.S. Treasury Bonds - 0.25%
4.75% due 02/15/2037		240,000		258,131
5.00% due 05/15/2037		110,000		123,054
8.875% due 02/15/2019		370,000		537,888
				919,073
U.S. Treasury Notes - 7.75%
2.00% due 02/28/2010		8,980,000		9,042,438
4.50% due 03/31/2009		17,000,000		17,499,375
4.625% due 07/31/2012		840,000		918,225
4.75% due 08/15/2017		570,000		630,651
				28,090,689
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $32,633,853)			$	33,747,187
U.S. GOVERNMENT AGENCY OBLIGATIONS - 74.07%
Federal Home Loan Mortgage Corp. - 17.58%
5.00% due 08/01/2033 to 12/01/2034		4,261,831		4,232,158
5.50% due 11/01/2035 to 12/01/2037		50,224,728		50,771,380
5.881% due 01/01/2037		5,879,719		5,984,079
6.00% due 10/01/2010 to 12/01/2037		1,064,305		1,100,705
6.50% due 12/01/2010		19,398		19,606
7.00% due 02/01/2011 to 06/01/2032		1,417,914		1,496,642
9.00% due 10/01/2017		17,742		18,079
9.50% due 08/01/2020		59,039		65,956
11.75% due 12/01/2013		2,625		3,033
12.00% due 07/01/2020		16,558		18,349
				63,709,987
Federal National Mortgage
Association - 52.08%
4.75% due 11/19/2012		7,500,000		8,003,475
5.00% due 04/01/2019 to 05/01/2036		5,313,016		5,348,906
5.00% TBA **		104,300,000		103,244,355
5.2212% due 02/17/2009 (b)		4,456,000		4,497,797
5.50% due 04/01/2018 to 08/01/2037		12,294,173		12,502,786
5.50% TBA **		26,900,000		27,290,562

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
5.767% due 08/01/2037 (b)	$	3,332,907	$	3,386,728
6.00% due 10/01/2036 to 03/01/2037		9,729,740		9,977,205
6.00% TBA **		5,420,000		5,577,516
6.359% due 07/01/2037 (b)		4,152,415		4,292,477
6.50% due 02/01/2026 to 06/01/2029		726,062		759,838
7.00% due 07/01/2022 to 01/01/2034		1,825,207		1,937,178
7.50% due 09/01/2029 to 02/01/2031		332,774		359,408
8.00% due 06/01/2017 to 03/01/2033		788,883		856,705
8.25% due 09/01/2008		155		155
8.50% due 02/01/2009 to 08/01/2019		269,788		293,562
8.75% due 08/01/2009 to 12/01/2009		23,683		24,304
9.00% due 05/01/2021		14,717		16,183
11.50% due 09/01/2013 to 04/01/2019		65,956		77,030
12.00% due 01/01/2013 to 04/01/2016		176,301		208,921
12.50% due 01/01/2013 to 09/01/2015		82,208		94,648
13.50% due 11/01/2014		39,382		46,030
				188,795,769
Government National Mortgage
Association - 4.41%
5.00% TBA **		6,100,000		6,082,847
6.00% TBA **		7,700,000		7,945,437
6.50% due 02/15/2034 to 09/15/2034		968,001		1,009,256
7.50% due 02/15/2022 to 12/15/2027		489,439		528,074
8.50% due 06/15/2025		378,941		418,851
11.00% due 09/15/2015		1,719		2,043
				15,986,508
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $264,753,720)			$	268,492,264
CORPORATE BONDS - 0.53%
Financial Services - 0.53%
Federal National Mortgage Association
4.15% due 02/13/2013		1,930,000		1,934,333
TOTAL CORPORATE BONDS (Cost $1,930,000)			$	1,934,333
COLLATERALIZED MORTGAGE
OBLIGATIONS - 19.57%
American Home Mortgage Assets, Series 2006-2,
Class 2A1
3.325% due 09/25/2046 (b)		1,419,235		1,069,280
American Home Mortgage Investment Trust, Series
2006-2, Class 1A1
3.215% due 06/25/2046 (b)		1,084,169		1,059,896
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-8, Class 11A1
5.9745% due 11/25/2034 (b)		350,292		348,824
Bear Stearns Alt-A Trust, Series 2004-11, Class 2A2
6.9096% due 11/25/2034 (b)		1,207,966		933,814
Bear Stearns Commercial Mortgage Securities,
Series 2005-PW10, Class A4
5.405% due 12/11/2040 (b)		650,000		652,567
Bear Stearns Structured Products Inc., Series
2007-R10, Class A1
5.1388% due 12/31/2037 (b)(g)		3,081,318		2,942,659

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

419

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bear Stearns Structured Products Inc., Series
2007-R11, Class A1A
6.0208% due 09/25/2037 (b)(g)	$	3,595,746	$	3,424,948
Commercial Mortgage Pass-Through Certificates,
Series 2006-C8, Class A4
5.306% due 12/10/2046 (b)		3,080,000		2,991,422
Countrywide Alternative Loan Trust, Series
2005-59, Class 1A1
4.2638% due 11/20/2035 (b)		644,924		510,288
Countrywide Alternative Loan Trust, Series
2006-OA10, Class 4A1
3.325% due 08/25/2046 (b)		2,595,500		1,946,079
Countrywide Alternative Loan Trust, Series
2006-OA11, Class A4
5.055% due 07/25/2036 (b)		2,866,111		1,936,358
Countrywide Alternative Loan Trust, Series
2006-OA7, Class 3A1
3.345% due 06/25/2046 (b)		1,764,462		1,470,204
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 1A1
2.7356% due 07/20/2046 (b)		2,707,532		1,734,228
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 2A1A
3.3238% due 07/25/2036 (b)		643,621		422,339
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 2A1B
2.7356% due 07/20/2046 (b)		2,789,045		1,828,851
Countrywide Home Loans, Series
2004-12, Class 16A1
6.7134% due 08/25/2034 (b)		302,376		285,938
Countrywide Home Loans, Series
2004-20, Class 2A1
7.0222% due 09/25/2034 (b)		331,433		260,717
Countrywide Home Loans, Series 2005-7, Class 2A1
3.445% due 03/25/2035 (b)		815,451		626,095
CS First Boston Mortgage Securities Corp, Series
2005-C5, Class A4
5.10% due 08/15/2038 (b)		1,960,000		1,936,231
Federal Home Loan Mortgage Corp.,
Series 2525, Class AM
4.50% due 04/15/2032		692,679		634,251
Federal Home Loan Mortgage Corp.,
Series 2686, Class QI
5.50% IO due 01/15/2023		529,247		1,660
Federal National Mortgage Association Whole
Loan, Series 2003-W14, Class 2A
6.1491% due 01/25/2043 (b)		1,550,586		1,576,413
Greenpoint Mortgage Funding Trust, Series
2006-AR4, Class A1A
3.235% due 09/25/2046 (b)		2,440,597		2,078,889
Harborview Mortgage Loan Trust, Series 2004-2,
Class 2A1
3.3788% due 06/19/2034 (b)		462,868		426,248
Impac CMB Trust, Series 2004-5, Class 1A1
3.495% due 10/25/2034 (b)		268,897		193,918
Impac Secured Assets Corp., Series 2005-2,
Class A1
2.9188% due 03/25/2036 (b)		2,004,235		1,426,574
LB-UBS Commercial Mortgage Trust, Series
2006-C3, Class A4
5.661% due 03/15/2039 (b)		900,000		902,614

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
LB-UBS Commercial Mortgage Trust,
Series 2006-C7, Class A3
5.347% due 11/15/2038	$	3,490,000	$	3,402,833
Luminent Mortgage Trust, Series 2006-4, Class A1A
2.7888% due 05/25/2046 (b)		2,350,229		1,776,979
Master Adjustable Rate Mortgages Trust, Series
2004-12, Class 5A1
6.4369% due 10/25/2034 (b)		473,298		406,524
Master Adjustable Rate Mortgages Trust, Series
2004-15, Class 1A1
6.9458% due 12/25/2034 (b)		156,880		157,881
Master Adjustable Rate Mortgages Trust., Series
2007-3, Class 12A1
3.335% due 05/25/2047 (b)		3,154,966		2,375,487
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class A4
5.6584% due 05/12/2039 (b)		1,460,000		1,469,736
Morgan Stanley Mortgage Loan Trust, Series
2006-8AR, Class 1A2
3.205% due 06/25/2036 (b)		1,422,537		1,359,863
Novastar Mortgage-Backed Notes, Series
2006-MTA1, Class 2A1A
2.7888% due 09/25/2046 (b)		2,194,810		1,670,109
Residential Accredit Loans, Inc., Series 2005-QO3,
Class A1
3.535% due 10/25/2045 (b)		104,027		80,798
Residential Accredit Loans, Inc., Series 2006-QO5,
Class 3A1
4.935% due 04/25/2046 (b)		9,516		9,464
Residential Asset Mortgage Products, Inc., Series
2002-RP1, Class A1
3.565% due 03/25/2033 (g)		36,187		29,368
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-16, Class 1A2
7.3486% due 11/25/2034 (b)		92,254		87,939
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-20, Class 2A1
5.1945% due 01/25/2035 (b)		44,579		45,192
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR6, Class 1A1
5.045% due 12/25/2035 (b)		2,594,281		1,962,258
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR6, Class 1A3
2.7888% due 07/25/2036 (b)		2,205,139		1,488,877
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR7, Class A1A
3.345% due 08/25/2036 (b)		3,047,032		2,238,129
Thornburg Mortgage Securities Trust, Series
2005-2, Class A4
3.385% due 07/25/2045 (b)		3,420,732		3,408,977
Thornburg Mortgage Securities Trust, Series
2005-3, Class A3
3.395% due 10/25/2035 (b)		3,095,483		3,057,932
Thornburg Mortgage Securities Trust, Series
2006-3, Class A2
2.7038% due 06/25/2036 (b)		3,151,045		3,093,658
Thornburg Mortgage Securities Trust, Series
2006-3, Class A3
2.7088% due 06/25/2036 (b)		3,317,852		3,279,873

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

420

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Thornburg Mortgage Securities Trust, Series
2007-4, Class 2A1
6.2247% due 09/25/2037 (b)	$	1,361,135	$	1,266,063
Thornburg Mortgage Securities Trust, Series
2007-4, Class 3A1
6.2172% due 09/25/2037 (b)		1,264,236		1,140,723
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A1
2.8688% due 12/25/2045 (b)		1,968,410		1,523,067
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A2
2.8888% due 12/25/2045 (b)		275,302		213,143
Washington Mutual, Inc., Mortgage Pass-Through
Certificates, Series 2005-AR19, Class A1A2
3.425% due 12/25/2045 (b)		214,559		169,497
Zuni Mortgage Loan Trust, Series 2006-OA1,
Class A1
2.7288% due 08/25/2036 (b)		1,675,022		1,588,022
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $83,195,490)			$	70,923,697
ASSET BACKED SECURITIES - 11.39%
ACE Securities Corp., Series 2006-GP1, Class A
2.7288% due 02/25/2031 (b)		1,892,208		1,699,400
ACE Securities Corp., Series 2006-SL3, Class A1
3.235% due 06/25/2036 (b)		1,782,695		902,094
Aegis Asset Backed Securities Trust, Series
2004-2, Class A3
3.615% due 06/25/2034 (b)		355,503		282,736
Countrywide Home Equity Loan Trust, Series
2004-I, Class A
3.4113% due 02/15/2034 (b)		1,685,336		1,422,152
Countrywide Home Equity Loan Trust, Series
2004-R, Class 2A
3.3713% due 03/15/2030 (b)		1,735,318		1,227,709
Countrywide Home Equity Loan Trust, Series
2006-E, Class 2A
5.1675% due 07/15/2036 (b)		2,189,894		1,774,451
Countrywide Home Equity Loan Trust, Series
2007-GW, Class A
5.5775% due 08/15/2037 (b)		3,162,852		2,691,625
Credit Suisse Mortgage Capital Certificates, Series
2006-CF2, Class A1
3.395% due 05/25/2036 (b)(g)		1,708,542		1,474,152
EMC Mortgage Loan Trust, Series 2006-A, Class A1
3.585% due 12/25/2042 (b)(g)		593,697		490,373
GMAC Mortgage Corp. Loan Trust, Series
2004-VF1, Class A1
3.885% due 02/25/2031 (b)(g)		2,891,137		2,405,094
GMAC Mortgage Corp. Loan Trust, Series
2006-HE1, Class A
3.345% due 11/25/2036 (b)		3,688,198		1,284,072
GSAA Home Equity Trust, Series 2005-5, Class A4
3.405% due 02/25/2035 (b)		1,117,837		938,458
GSAMP Trust, Series 2006-S4, Class A1
2.6888% due 05/25/2036 (b)		1,378,517		1,107,752
IndyMac Seconds Asset Backed Trust, Series
2006-A, Class A
2.7288% due 06/25/2036 (b)		2,084,892		803,373

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
IXIS Real Estate Capital Trust, Series 2006-HE2,
Class A1
2.6588% due 08/25/2036 (b)	$	24,432	$	24,291
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2006-CB17, Class A4
5.429% due 12/12/2043		4,530,000		4,438,219
Long Beach Mortgage Loan Trust, Series 2005-3,
Class 2A2
3.415% due 09/25/2035 (b)		454,189		435,898
Merrill Lynch First Franklin Mortgage Loan Trust,
Series 2007-H1, Class 2A1
4.0988% due 10/25/2037 (b)		3,209,136		3,073,752
Morgan Stanley ABS Capital I, Series 2004-HE8,
Class A7
3.665% due 09/25/2034 (b)		100,766		82,241
Morgan Stanley IXIS Real Estate Capital Trust,
Series 2006-1, Class A1
3.165% due 07/25/2036 (b)		741,700		732,473
Morgan Stanley Mortgage Loan Trust, Series
2006-4SL, Class A1
2.7488% due 03/25/2036 (b)		1,349,238		1,035,097
SACO I Trust, Inc., Series 2006-6, Class A
2.7288% due 06/25/2036 (b)		1,930,254		698,244
SACO I Trust, Inc., Series 2006-7, Class A1
3.265% due 07/25/2036 (b)		2,150,976		802,574
SLM Student Loan Trust, Series 2006-5, Class A2
3.3212% due 07/25/2017 (b)		2,173,046		2,159,825
Structured Asset Securities Corp., Series
2006-ARS1, Class A1
2.7088% due 02/25/2036 (b)(g)		2,121,837		680,833
Truman Capital Mortgage Loan Trust, Series
2006-1, Class A
3.395% due 03/25/2036 (b)(g)		2,402,462		2,066,118
Bravo Mortgage Asset Trust, Series 2006-1A,
Class A1
3.265% due 07/25/2036 (b)(g)		1,884,963		1,854,038
Lehman XS Trust, Series 2005-5N, Class 3A1A
3.435% due 11/25/2035 (b)		97,244		76,492
Lehman XS Trust, Series 2005-7N, Class 1A1B
3.435% due 12/25/2035 (b)		127,694		87,081
Lehman XS Trust, Series 2006-2N, Class 1A1
3.395% due 02/25/2046 (b)		621,903		471,608
Lehman XS Trust, Series 2006-GP3, Class 3A1A
3.205% due 06/25/2046 (b)		2,151,620		2,048,297
RAAC Series, Series 2006-RP3, Class A
3.405% due 05/25/2036 (b)(g)		2,282,846		2,021,822
TOTAL ASSET BACKED SECURITIES
(Cost $54,543,860)			$	41,292,344
PREFERRED STOCKS - 0.46%
Financial Services - 0.46%
Federal Home Loan Mortgage Corp.,
Series Z, 8.375%		39,750		969,900
Federal National Mortgage Association, 8.25%		28,575		687,229
				1,657,129
TOTAL PREFERRED STOCKS (Cost $1,708,125)			$	1,657,129

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

421

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PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS - 0.02%
Put Options - 0.02%
Purchased Put Option on U.S. Treasury Note 10
Yrs. Futures
Expiration 04/25/2008 at $117.00 *		46,000	$	17,969
Expiration 04/25/2008 at $119.00 *		46,000		53,187
				71,156
TOTAL OPTIONS (Cost $94,616)			$	71,156
REPURCHASE AGREEMENTS - 24.80%
Deutsche Bank Tri-Party Repurchase
Agreement dated 03/31/2008 at
1.35% to be repurchased at
$89,903,371 on 04/01/2008,
collateralized by $88,610,000 U.S.
Treasury Notes, 4.375% due
11/15/2008 (valued at
$91,697,970, including interest)	$	89,900,000	$	89,900,000
TOTAL REPURCHASE AGREEMENTS
(Cost $89,900,000)			$	89,900,000
SHORT TERM INVESTMENTS - 0.24%
Federal National Mortgage Association Discount
Notes
zero coupon due 12/15/2008 ****	$	874,000	$	862,725
TOTAL SHORT TERM INVESTMENTS
(Cost $862,726)			$	862,725
Total Investments (U.S. Government Securities Trust)
(Cost $529,622,390) - 140.39%			$	508,880,835
Liabilities in Excess of Other Assets - (40.39)%				(146,406,065)
TOTAL NET ASSETS - 100.00%			$	362,474,770
U.S. High Yield Bond Trust
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS - 76.74%
Advertising - 1.18%
Lamar Media Corp.
6.625% due 08/15/2015	$	1,900,000	$	1,672,000
Lamar Media Corp., Series C
6.625% due 08/15/2015		1,620,000		1,425,600
R.H. Donnelley Corp.
8.875% due 10/15/2017 (g)		1,030,000		643,750
Sheridan Group, Inc.
10.25% due 08/15/2011		1,600,000		1,410,000
				5,151,350
Agriculture - 0.32%
Mosaic Company
7.625% due 12/01/2014 (g)		650,000		695,500
7.625% due 12/01/2016 (g)		650,000		698,750
				1,394,250
Air Travel - 0.07%
Continental Airlines, Inc., Series 00-1
8.499% due 05/01/2011		333,582		316,903

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Auto Parts - 0.51%
Allison Transmission, Inc.
11.00% due 11/01/2015 (g)	$	1,560,000	$	1,357,200
11.25% due 11/01/2015 (g)		1,060,000		879,800
				2,237,000
Auto Services - 1.60%
KAR Holdings, Inc.
8.75% due 05/01/2014		900,000		801,000
10.00% due 05/01/2015		7,131,000		6,168,315
				6,969,315
Automobiles - 2.04%
Asbury Automotive Group, Inc.
7.625% due 03/15/2017		175,000		138,250
Ford Motor Company
7.45% due 07/16/2031		900,000		594,000
General Motors Corp.
7.375% due 05/23/2048		575,000		369,108
8.375% due 07/15/2033		6,035,000		4,254,675
Group 1 Automotive, Inc.
8.25% due 08/15/2013		185,000		173,900
Sonic Automotive, Inc., Series B
8.625% due 08/15/2013 (a)		1,500,000		1,387,500
United Auto Group, Inc.
7.75% due 12/15/2016		2,300,000		1,989,500
				8,906,933
Banking - 0.19%
Chevy Chase Bank
6.875% due 12/01/2013		905,000		846,175
Broadcasting - 1.88%
Barrington Broadcasting Group LLC
10.50% due 08/15/2014		3,650,000		3,248,500
Fisher Communications, Inc.
8.625% due 09/15/2014		3,475,000		3,509,750
LBI Media, Inc.
8.50% due 08/01/2017 (g)		1,250,000		1,082,812
Muzak Finance Corp.
13.00% due 03/15/2010		700,000		350,000
				8,191,062
Building Materials & Construction - 0.32%
Esco Corp.
6.675% due 12/15/2013 (b)(g)		625,000		537,500
8.625% due 12/15/2013 (g)		875,000		848,750
				1,386,250
Business Services - 4.67%
Affinity Group, Inc.
9.00% due 02/15/2012		950,000		877,562
10.875% due 02/15/2012		474,468		431,766
Cornell Companies, Inc.
10.75% due 07/01/2012		600,000		625,500
First Data Corp.
3.375% due 08/01/2008		972,000		954,990
9.875% due 09/24/2015 (g)		5,065,000		4,165,963
IKON Office Solutions, Inc.
9.9263% due 01/01/2012 (b)(g)		975,000		926,250
NCO Group, Inc.
11.875% due 11/15/2014		1,175,000		904,750

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

422

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Business Services (continued)
Rural/Metro Corp.
9.875% due 03/15/2015	$	1,300,000	$	1,150,500
SunGard Data Systems, Inc.
3.75% due 01/15/2009		350,000		342,125
4.875% due 01/15/2014		400,000		350,500
9.125% due 08/15/2013		505,000		510,050
10.25% due 08/15/2015		9,036,000		9,081,180
				20,321,136
Cable & Television - 5.31%
Charter Communications Operating LLC
8.00% due 04/30/2012 (g)		6,170,000		5,660,975
8.375% due 04/30/2014 (g)		4,275,000		3,847,500
CSC Holdings, Inc.
6.75% due 04/15/2012		2,515,000		2,426,975
7.25% due 07/15/2008		400,000		400,000
CSC Holdings, Inc., Series B
7.625% due 04/01/2011		350,000		346,062
8.125% due 08/15/2009		300,000		303,000
DirecTV Holdings LLC
6.375% due 06/15/2015		320,000		298,400
8.375% due 03/15/2013 (a)		4,744,000		4,809,230
Echostar DBS Corp.
6.375% due 10/01/2011		375,000		360,000
7.125% due 02/01/2016		2,200,000		2,051,500
Videotron Ltee.
6.375% due 12/15/2015		1,330,000		1,163,750
6.875% due 01/15/2014		1,606,000		1,481,535
				23,148,927
Cellular Communications - 3.84%
Centennial Communications Corp.
10.00% due 01/01/2013		3,875,000		3,603,750
Cricket Communications, Inc.
9.375% due 11/01/2014		890,000		843,275
9.375% due 11/01/2014 (g)		3,150,000		2,984,625
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		2,725,000		2,507,000
Rural Cellular Corp.
6.0756% due 06/01/2013 (b)		1,100,000		1,100,000
8.25% due 03/15/2012		2,825,000		2,895,625
9.875% due 02/01/2010		2,700,000		2,774,250
				16,708,525
Chemicals - 1.09%
American Pacific Corp.
9.00% due 02/01/2015		1,435,000		1,395,538
Huntsman International LLC
7.875% due 11/15/2014		500,000		530,000
Innophos, Inc.
8.875% due 08/15/2014		2,900,000		2,813,000
				4,738,538
Commercial Services - 0.51%
Mac-Gray Corp.
7.625% due 08/15/2015		2,350,000		2,232,500
Computers & Business Equipment - 0.37%
Seagate Technology HDD Holdings
6.80% due 10/01/2016		1,700,000		1,619,250

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Containers & Glass - 1.61%
Crown Holdings, Inc.
8.00% due 04/15/2023	$	2,650,000	$	2,464,500
Graham Packaging Company
9.875% due 10/15/2014		2,750,000		2,310,000
Owens-Brockway Glass Container, Inc.
8.25% due 05/15/2013		1,550,000		1,604,250
Owens-Illinois, Inc.
7.80% due 05/15/2018		650,000		643,500
				7,022,250
Correctional Facilities - 1.03%
Corrections Corp. of America
6.25% due 03/15/2013		1,365,000		1,337,700
6.75% due 01/31/2014		1,320,000		1,326,600
Geo Group, Inc.
8.25% due 07/15/2013		1,800,000		1,813,500
				4,477,800
Crude Petroleum & Natural Gas - 2.26%
AmeriGas Partners LP
7.125% due 05/20/2016		1,915,000		1,876,700
7.25% due 05/20/2015		557,000		548,645
Calfrac Holdings LP
7.75% due 02/15/2015 (g)		1,550,000		1,449,250
Chesapeake Energy Corp.
6.375% due 06/15/2015		200,000		194,000
6.625% due 01/15/2016		1,985,000		1,945,300
6.875% due 01/15/2016		400,000		396,000
6.875% due 11/15/2020		2,500,000		2,425,000
7.50% due 09/15/2013		400,000		412,000
Hilcorp Energy I LP
7.75% due 11/01/2015 (g)		660,000		618,750
				9,865,645
Educational Services - 0.27%
Education Management Corp.
8.75% due 06/01/2014		1,400,000		1,183,000
Electrical Utilities - 0.25%
Nevada Power Company, Series O
6.50% due 05/15/2018		1,050,000		1,070,949
Electronics - 0.93%
Communications & Power Industries, Inc.
8.00% due 02/01/2012		750,000		735,000
L-3 Communications Corp.
5.875% due 01/15/2015		2,150,000		2,058,625
6.125% due 07/15/2013		65,000		63,537
L-3 Communications Corp., Series B
6.375% due 10/15/2015		1,235,000		1,207,213
				4,064,375
Energy - 2.11%
NRG Energy, Inc.
7.25% due 02/01/2014		450,000		444,375
7.375% due 02/01/2016		5,759,000		5,643,820
7.375% due 01/15/2017		3,175,000		3,087,688
				9,175,883
Financial Services - 6.74%
CIT Group, Inc.
6.00% due 04/01/2036		1,625,000		1,216,729

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

423

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial Services (continued)
Consolidated Communications Holdings, Inc.
9.75% due 04/01/2012	$	500,000	$	524,375
El Paso Performance-Linked Trust
7.75% due 07/15/2011 (g)		1,000,000		1,022,439
Ford Motor Credit Company
7.00% due 10/01/2013		2,360,000		1,840,845
8.00% due 12/15/2016		6,650,000		5,205,653
General Motors Acceptance Corp.
6.75% due 12/01/2014		625,000		442,313
8.00% due 11/01/2031		3,535,000		2,533,506
LVB Acquisition Merger Sub, Inc.
11.625% due 10/15/2017 (g)		3,625,000		3,625,000
NSG Holdings, Inc.
7.75% due 12/15/2025 (g)		1,695,000		1,644,150
Nuveen Investments, Inc.
10.50% due 11/15/2015 (g)		8,955,000		7,678,913
Pinnacle Foods Finance LLC/Pinnacle Foods
Finance Corp
10.625% due 04/01/2017		2,275,000		1,933,750
TRAINS HY-2006 -1
7.572% due 05/01/2016 (g)		1,752,000		1,670,444
				29,338,117
Food & Beverages - 1.91%
Del Monte Corp.
8.625% due 12/15/2012		3,400,000		3,459,500
Dole Food Company, Inc.
7.25% due 06/15/2010 (a)		1,704,000		1,312,080
8.625% due 05/01/2009 (a)		550,000		478,500
8.875% due 03/15/2011		740,000		599,400
Pilgrim's Pride Corp.
7.625% due 05/01/2015		1,250,000		1,203,125
8.375% due 05/01/2017		750,000		660,000
Smithfield Foods, Inc., Series B
7.75% due 05/15/2013		600,000		594,000
				8,306,605
Funeral Services - 0.97%
Service Corp. International
6.75% due 04/01/2016		500,000		483,750
7.00% due 06/15/2017		2,350,000		2,267,750
7.50% due 04/01/2027		1,025,000		871,250
7.625% due 10/01/2018		150,000		150,750
7.875% due 02/01/2013		450,000		454,500
				4,228,000
Gas & Pipeline Utilities - 3.55%
El Paso Corp.
6.875% due 06/15/2014		500,000		509,888
7.00% due 06/15/2017		2,950,000		3,034,101
7.75% due 01/15/2032		1,875,000		1,925,691
MarkWest Energy Partners LP, Series B
8.50% due 07/15/2016		2,270,000		2,287,025
Sabine Pass LNG LP
7.50% due 11/30/2016		7,025,000		6,779,125
Williams Companies, Inc.
6.375% due 10/01/2010 (g)		250,000		256,250
6.7287% due 10/01/2010 (b)(g)		650,000		663,000
				15,455,080

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Healthcare Products - 0.48%
Cooper Companies (The), Inc.
7.125% due 02/15/2015	$	2,200,000	$	2,090,000
Healthcare Services - 0.54%
Centene Corp.
7.25% due 04/01/2014		1,375,000		1,278,750
DaVita, Inc.
6.625% due 03/15/2013		300,000		291,000
Healthsouth Corp.
10.75% due 06/15/2016		750,000		787,500
				2,357,250
Hotels & Restaurants - 0.97%
O'Charleys, Inc.
9.00% due 11/01/2013		4,625,000		4,208,750
Household Appliances - 0.52%
ALH Finance LLC
8.50% due 01/15/2013		2,495,000		2,270,450
Industrial Machinery - 1.00%
Altra Industrial Motion, Inc.
9.00% due 12/01/2011		1,535,000		1,448,656
Baldor Electric Company
8.625% due 02/15/2017		1,200,000		1,188,000
H&E Equipment Services, Inc.
8.375% due 07/15/2016		2,075,000		1,711,875
				4,348,531
Insurance - 0.36%
USI Holdings Corp.
9.75% due 05/15/2015 (g)		2,150,000		1,553,375
Leisure Time - 3.91%
AMC Entertainment, Inc., Series B
8.625% due 08/15/2012		1,387,000		1,400,870
Chukchansi Economic Development Authority
8.00% due 11/15/2013 (g)		1,805,000		1,624,500
8.2375% due 11/15/2012 (b)(g)		939,000		812,235
Majestic Star Casino LLC
9.50% due 10/15/2010		1,040,000		917,800
MGM Mirage, Inc.
6.00% due 10/01/2009		1,750,000		1,736,875
8.50% due 09/15/2010		1,250,000		1,290,625
Mohegan Tribal Gaming Authority
6.125% due 02/15/2013		686,000		625,975
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		500,000		435,000
9.75% due 04/01/2010 (a)		400,000		386,000
Penn National Gaming, Inc.
6.875% due 12/01/2011		2,000,000		1,880,000
River Rock Entertainment Authority
9.75% due 11/01/2011		1,050,000		1,044,750
San Pasqual Casino Development Group
8.00% due 09/15/2013 (g)		1,850,000		1,725,125
Speedway Motorsports, Inc.
6.75% due 06/01/2013		1,635,000		1,594,125
Wynn Las Vegas LLC
6.625% due 12/01/2014		1,600,000		1,540,000
				17,013,880

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

424

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Liquor - 0.51%
Constellation Brands, Inc.
7.25% due 09/01/2016	$	2,000,000	$	1,945,000
7.25% due 05/15/2017		300,000		291,000
				2,236,000
Medical-Hospitals - 3.90%
Community Health Systems, Inc.
8.875% due 07/15/2015		4,120,000		4,135,450
HCA, Inc.
6.25% due 02/15/2013		21,000		18,270
7.875% due 02/01/2011		740,000		727,050
9.125% due 11/15/2014		650,000		669,500
9.25% due 11/15/2016		5,375,000		5,576,562
Multiplan, Inc.
10.375% due 04/15/2016 (g)		1,800,000		1,647,000
Sun Healthcare Group, Inc.
9.125% due 04/15/2015		800,000		772,000
Tenet Healthcare Corp.
6.375% due 12/01/2011		2,400,000		2,166,000
6.875% due 11/15/2031		635,000		444,500
United Surgical Partners International, Inc.
8.875% due 05/01/2017		885,000		831,900
				16,988,232
Mining - 1.00%
Freeport-McMoRan Copper & Gold, Inc.
8.25% due 04/01/2015		725,000		764,875
8.375% due 04/01/2017		3,375,000		3,581,719
				4,346,594
Office Furnishings & Supplies - 0.03%
IKON Office Solutions, Inc.
7.75% due 09/15/2015		150,000		142,500
Paper - 0.81%
AbitibiBowater Inc
9.375% due 12/15/2021		1,081,360		682,084
Abitibi-Consolidated, Inc.
5.25% due 06/20/2008		874,000		862,080
Georgia-Pacific Corp.
7.125% due 01/15/2017 (g)		730,000		675,250
Neenah Paper, Inc.
7.375% due 11/15/2014		700,000		612,500
P. H. Glatfelter Company
7.125% due 05/01/2016		725,000		712,313
				3,544,227
Petroleum Services - 2.17%
Grant Prideco, Inc., Series B
6.125% due 08/15/2015		24,000		24,540
Hilcorp Energy I LP/Hilcorp Finance Company
9.00% due 06/01/2016 (g)		3,360,000		3,385,200
Key Energy Services, Inc.
8.375% due 12/01/2014 (g)		3,225,000		3,216,938
Swift Energy Company
7.125% due 06/01/2017		3,100,000		2,844,250
				9,470,928
Pharmaceuticals - 0.36%
Omnicare, Inc.
6.875% due 12/15/2015		1,820,000		1,583,400

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Publishing - 0.77%
Dex Media West LLC
9.875% due 08/15/2013	$	500,000	$	435,000
Nielsen Finance LLC
zero coupon, Step up to 12.50% on
08/01/2011 due 08/01/2016		3,775,000		2,387,687
10.00% due 08/01/2014		525,000		522,375
				3,345,062
Real Estate - 1.75%
BF Saul, REIT
7.50% due 03/01/2014		1,465,000		1,300,187
Host Marriott LP, REIT
7.125% due 11/01/2013		500,000		490,000
Host Marriott LP, Series M, REIT
7.00% due 08/15/2012		1,955,000		1,911,013
Host Marriott LP, Series Q, REIT
6.75% due 06/01/2016		4,200,000		3,927,000
				7,628,200
Retail - 1.81%
Ferrellgas Escrow LLC
6.75% due 05/01/2014		2,400,000		2,340,000
Rite Aid Corp, Series WI
9.50% due 06/15/2017		2,635,000		2,068,475
Suburban Propane Partners LP
6.875% due 12/15/2013		655,000		638,625
Susser Holdings LLC
10.625% due 12/15/2013 (g)		2,330,000		2,394,075
Toys R Us, Inc.
7.875% due 04/15/2013		575,000		431,250
				7,872,425
Retail Grocery - 0.21%
Smithfield Foods, Inc.
7.75% due 07/01/2017		932,000		908,700
Retail Trade - 0.10%
Payless Shoesource, Inc.
8.25% due 08/01/2013		475,000		418,000
Sanitary Services - 0.66%
Allied Waste North America, Inc.
6.50% due 11/15/2010		700,000		700,000
Allied Waste North America, Inc., Series B
5.75% due 02/15/2011		200,000		195,500
7.125% due 05/15/2016		2,000,000		1,995,000
				2,890,500
Semiconductors - 0.43%
NXP BV / NXP Funding LLC
7.0075% due 10/15/2013 (b)		1,395,000		1,150,875
9.50% due 10/15/2015		900,000		740,250
				1,891,125
Software - 0.28%
Open Solutions, Inc.
9.75% due 02/01/2015 (g)		1,575,000		1,220,625
Telecommunications Equipment &
Services - 4.37%
American Tower Corp.
7.00% due 10/15/2017 (g)		2,705,000		2,705,000

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

425

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (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)
Citizens Communications Company
7.05% due 10/01/2046	$	1,050,000	$	719,250
Intelsat Bermuda, Ltd.
11.25% due 06/15/2016		4,650,000		4,713,937
PanAmSat Corp.
9.00% due 08/15/2014		6,430,000		6,478,225
9.00% due 06/15/2016		2,240,000		2,256,800
Time Warner Telecom Holdings, Inc.
9.25% due 02/15/2014		2,150,000		2,171,500
				19,044,712
Telephone - 1.98%
Qwest Communications International, Inc.
7.25% due 02/15/2011		395,000		379,200
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014		500,000		470,000
Qwest Corp.
6.05% due 06/15/2013 (b)		2,110,000		1,899,000
6.50% due 06/01/2017		1,250,000		1,128,125
7.50% due 06/15/2023		1,000,000		872,500
7.50% due 10/01/2014		600,000		585,000
8.875% due 03/15/2012		1,760,000		1,795,200
Valor Telecommunications Enterprise LLC
7.75% due 02/15/2015		1,450,000		1,480,995
				8,610,020
Tires & Rubber - 0.11%
Goodyear Tire & Rubber Company
7.857% due 08/15/2011		475,000		486,281
Tobacco - 0.54%
Reynolds American, Inc.
6.50% due 07/15/2010		250,000		255,000
7.625% due 06/01/2016		2,000,000		2,104,328
				2,359,328
Transportation - 1.64%
Gulfmark Offshore, Inc.
7.75% due 07/15/2014		2,450,000		2,486,750
Overseas Shipholding Group, Inc.
7.50% due 02/15/2024		3,315,000		2,892,338
Trailer Bridge, Inc.
9.25% due 11/15/2011		1,750,000		1,750,000
				7,129,088
TOTAL CORPORATE BONDS (Cost $355,668,890)			$	334,314,001
ASSET BACKED SECURITIES - 0.25%
DB Master Finance LLC, Series-2006-1, Class M1
8.285% due 06/20/2031 (g)		1,250,000		1,092,725
TOTAL ASSET BACKED SECURITIES
(Cost $1,249,976)			$	1,092,725
TERM LOANS - 15.44%
Air Travel - 0.08%
U.S. Airways Group, Inc.
5.785% due 02/23/2014 (b)		495,000		363,206

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Auto Parts - 0.05%
Pep Boys - Manny, Moe & Jack
7.08% due 01/31/2013 (b)	$	242,857	$	229,500
Automobiles - 0.33%
CSK Automotive, Inc.
9.625% due 06/30/2012 (b)		493,781		478,968
Ford Motor Company, Tranche B
8.00% due 11/29/2013 (b)		644,356		531,813
General Motors Corp., Tranche B
7.0556% due 11/17/2013 (b)		498,741		438,475
				1,449,256
Broadcasting - 0.19%
Citadel Broadcasting Corp.
4.905% due 06/12/2014 (b)		1,000,000		820,000
Business Services - 0.99%
Education Management Corp., Tranche C
6.625% due 05/29/2011 (b)		965,909		843,963
Reynolds & Reynolds Company, Inc.
6.8425% due 10/24/2012 (b)		379,771		375,974
Reynolds & Reynolds Company, Inc.,Tranche 2
10.6981% due 10/01/2013 (b)		1,125,000		1,029,375
Reynolds & Reynolds Company, Inc.,Tranche 3
12.6981% due 04/01/2014 (b)		625,000		575,000
SunGard Data Systems, Inc., Tranche B1
5.1619% due 01/31/2013 (b)		1,593,949		1,486,788
				4,311,100
Cable & Television - 0.71%
Charter Communications Operating LLC, Tranche 3
7.6981% due 03/01/2014 (b)		750,000		573,750
Charter Communications Operating LLC, Tranche
B1
5.26% due 03/06/2014 (b)		750,000		642,000
CSC Holdings, Inc.
6.9925% due 03/23/2013 (b)		2,020,329		1,883,957
				3,099,707
Cellular Communications - 0.23%
Crown Castle International Corp.
6.6875% due 03/05/2014 (b)		1,115,911		1,017,153
Chemicals - 0.38%
Celanese Holdings LLC, Letter of Credit
7.0994% due 04/02/2014 (b)		578,958		541,086
Celanese Holdings LLC, Tranche B
5.225% due 04/02/2014 (b)		166,667		155,764
Huntsman International LLC
5.035% due 04/19/2014 (b)		989,300		953,749
				1,650,599
Commercial Services - 0.16%
Safety-Kleen, Corp., Letter of Credit
3.3125% due 07/27/2013 (b)		152,542		148,347
Safety-Kleen, Corp., Tranche B
5.8125% due 07/27/2013 (b)		577,436		565,888
				714,235
Containers & Glass - 0.11%
Owens-Illinois, Inc.
4.6275% due 06/14/2013 (b)		489,770		464,792

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

426

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Crude Petroleum & Natural Gas - 0.12%
Coffeyville Resources, Inc., Letter of Credit
4.6288% due 12/28/2010 (b)	$	129,730	$	119,189
Coffeyville Resources, Inc., Tranche D
8.36% due 12/28/2013 (b)		422,036		388,273
				507,462
Domestic Oil - 0.20%
Alon USA LP
5.5213% due 06/07/2013 (b)		985,000		852,025
Electrical Utilities - 1.63%
Boston Generating, LC
8.235% due 12/21/2013 (b)		63,038		55,509
Boston Generating, Revolver
7.485% due 12/21/2013 (b)		31,776		27,980
Boston Generating, Term Loan B
7.08% due 12/20/2013 (b)		486,977		428,810
Calpine Corp., Tranche B
7.61% due 03/29/2009 (b)		6,207,502		5,447,797
Texas Competitive Electric Holdings Company LLC
6.58% due 10/10/2014 (b)		1,250,000		1,136,119
				7,096,215
Energy - 1.35%
Covanta Energy Corp., Letter of Credit
4.6025% due 02/02/2014 (b)		560,825		517,361
Covanta Energy Corp., Tranche B
4.625% due 02/02/2014 (b)		1,130,631		1,043,007
NRG Energy, Inc.
6.9481% due 02/01/2013 (b)		1,586,811		1,502,647
NRG Energy, Inc., Tranche L
6.58% due 02/01/2013 (b)		732,624		693,766
Sandridge Energy, Inc.
8.625% due 04/01/2015 (b)		2,150,000		2,125,812
				5,882,593
Financial Services - 1.90%
BNY ConvergEx Group, Tranche 1
7.83% due 08/17/2013 (b)		1,250,000		1,025,000
Emdeon Business Services LLC, Tranche 1B
6.83% due 11/16/2013 (b)		475,132		435,934
Emdeon Business Services LLC, Tranche 2
9.83% due 05/16/2014 (b)		1,000,000		880,000
Linsco/Private Ledger Corp., Tranche B
8.196% due 06/27/2013 (b)		1,937,241		1,743,517
TD Ameritrade Holding Corp.
6.63% due 12/31/2012 (b)		1,000,000		949,375
TPF Generation Holdings LLC, Tranche 2
9.08% due 12/15/2014 (b)		800,000		688,000
VNU, Inc., Tranche B
5.3463% due 08/09/2013 (b)		2,044,313		1,848,396
Wimar Landco LLC, Tranche B
5.5213% due 07/03/2008 (b)		750,000		686,250
				8,256,472
Food & Beverages - 0.32%
Dean Foods Company, Tranche B
6.58% due 03/01/2014 (b)		1,488,750		1,384,538
Gas & Pipeline Utilities - 0.34%
Dynegy Holdings, Inc.
4.7606% due 04/02/2013 (b)		1,250,000		1,139,456

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Gas & Pipeline Utilities (continued)
Targa Resources, Letter of Credit
2.5713% due 10/05/2011 (b)	$	290,323	$	277,348
Targa Resources, Term Loan B
6.83% due 10/05/2012 (b)		82,069		78,401
				1,495,205
Healthcare Products - 0.05%
Fenwal, Inc., Tranche B
5.343% due 02/28/2014		212,679		177,587
Fenwal, Inc., Tranche Delayed Draw
4.938% due 02/28/2014		35,714		35,714
				213,301
Healthcare Services - 0.34%
Carestream Health, Inc., Tranche B
7.044% due 04/30/2013 (b)		918,543		760,861
Carestream Health, Inc., Tranche B2
10.0813% due 10/30/2013 (b)		500,000		338,333
Healthsouth Corp., Tranche B
5.67% due 03/10/2013 (b)		429,276		397,616
				1,496,810
Hotels & Restaurants - 0.13%
Sagittarius Restaurants LLC
7.308% due 03/29/2013 (b)		746,193		567,107
Insurance - 0.41%
Affirmative Insurance Holdings Company, Inc.
6.7438% due 01/12/2014 (b)		643,242		575,702
AmWINS Group, Inc.
8.07% due 06/07/2013		720,000		432,000
11.07% due 06/07/2014 (b)		500,000		300,000
Kepler Holdings, Ltd.
10.82% due 06/30/2009 (b)		500,000		480,000
				1,787,702
Leisure Time - 1.13%
BLB Wembley Holdings, Inc.
7.35% due 06/30/2011 (b)		696,435		470,093
Bombardier Recreational Products, Inc., Tranche B
6.46% due 06/26/2013 (b)		800,000		696,000
CCM Merger, Inc.
7.311% due 07/21/2012 (b)		746,165		664,087
Golden Nugget, Inc.
7.21% due 12/14/2014 (b)		750,000		577,500
Greenwood Racing
5.53% due 11/14/2011 (b)		482,343		438,932
Penn National Gaming, Inc.
4.88% due 05/26/2012 (b)		1,240,458		1,178,820
Riviera Holding Corp.
5.29% due 06/08/2014 (b)		1,000,000		885,000
				4,910,432
Medical-Hospitals - 0.66%
Community Health Systems, Inc., Tranche B
7.755% due 06/30/2014 (b)		1,814,653		1,677,257
Community Health Systems, Inc., Tranche Delayed
Draw
0.75% due 06/30/2014 (b)(i)		92,807		85,780

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

427

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Medical-Hospitals (continued)
HCA, Inc.
4.95% due 11/16/2013 (b)	$	1,185,000	$	1,092,422
				2,855,459
Paper - 1.01%
Domtar Inc., Tranche B
4.4913% due 03/02/2014 (b)		502,344		469,797
Georgia-Pacific Corp., Tranche B
7.4738% due 12/23/2012 (b)		1,896,425		1,757,208
Georgia-Pacific Corp., Tranche B2
6.8963% due 12/22/2012 (b)		2,353,737		2,183,680
				4,410,685
Railroads & Equipment - 0.49%
RailAmerica, Inc., Tranche T1
5.32% due 08/14/2008 (b)		2,250,000		2,154,375
Retail - 0.73%
Toys R Us, Inc., Tranche B
6.2638% due 12/01/2008 (b)		3,500,000		3,171,892
Sanitary Services - 0.41%
Allied Waste North America, Inc.
4.57% due 03/28/2014 (b)		702,584		668,386
5.1206% due 03/28/2014 (b)		422,416		401,143
Waste Services, Inc., Tranche B
7.40% due 04/30/2011 (b)		783,418		730,537
				1,800,066
Semiconductors - 0.22%
Marvell Technology Group, Inc.
7.33% due 11/08/2009 (b)		984,375		935,156
Telecommunications Equipment &
Services - 0.20%
Level 3 Communications, Inc.
6.5981% due 03/01/2014 (b)		1,000,000		861,665
Tires & Rubber - 0.41%
Goodyear Tire & Rubber Company, Tranche 2
6.43% due 04/30/2014 (b)		2,000,000		1,803,000
Transportation - 0.16%
Oshkosh Truck Corp., Tranche B
7.35% due 12/06/2013 (b)		740,625		688,840
TOTAL TERM LOANS (Cost $74,003,371)			$	67,250,548
REPURCHASE AGREEMENTS - 6.23%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$27,122,205 on 04/01/2008,
collateralized by $27,520,000
Federal Home Loan Mortgage
Corp., 5.51% due 01/23/2023
(valued at $27,664,205, including
interest)	$	27,121,000	$	27,121,000
TOTAL REPURCHASE AGREEMENTS
(Cost $27,121,000)			$	27,121,000

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 1.32%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	5,739,193	$	5,739,193
TOTAL SHORT TERM INVESTMENTS
(Cost $5,739,193)			$	5,739,193
Total Investments (U.S. High Yield Bond Trust)
(Cost $463,782,430) - 99.98%			$	435,517,467
Other Assets in Excess of Liabilities - 0.02%				99,542
TOTAL NET ASSETS - 100.00%			$	435,617,009
U.S. Large Cap Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.56%
Advertising - 0.36%
Monster Worldwide, Inc. *		56,300	$	1,363,023
Omnicom Group, Inc.		39,400		1,740,692
				3,103,715
Aerospace - 1.88%
Boeing Company		122,100		9,080,577
United Technologies Corp.		101,100		6,957,702
				16,038,279
Agriculture - 0.51%
Monsanto Company		39,000		4,348,500
Air Travel - 0.45%
Southwest Airlines Company		305,600		3,789,440
Apparel & Textiles - 0.88%
Coach, Inc. *		38,900		1,172,835
Hanesbrands, Inc. *		170,649		4,982,951
Phillips-Van Heusen Corp.		35,700		1,353,744
				7,509,530
Auto Parts - 0.38%
Johnson Controls, Inc.		96,100		3,248,180
Automobiles - 0.70%
Ford Motor Company * (a)		728,700		4,168,164
General Motors Corp. (a)		95,700		1,823,085
				5,991,249
Banking - 2.96%
Astoria Financial Corp.		49,900		1,355,284
Fifth Third Bancorp		110,800		2,317,936
Hudson City Bancorp, Inc.		468,100		8,276,008
SunTrust Banks, Inc.		59,100		3,258,774
Wachovia Corp.		371,500		10,030,500
				25,238,502
Biotechnology - 3.15%
Genentech, Inc. *		278,400		22,600,512
Millennium Pharmaceuticals, Inc. *		273,000		4,220,580
				26,821,092
Broadcasting - 0.50%
CBS Corp., Class B		193,100		4,263,648

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

428

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 2.10%
Affiliated Computer Services, Inc., Class A *	60,200	$	3,016,622
Fluor Corp.	62,600		8,836,616
Moody's Corp. (a)	65,900		2,295,297
Paychex, Inc.	108,100		3,703,506
			17,852,041
Cable & Television - 1.66%
Comcast Corp., Class A	111,900		2,164,146
Time Warner Cable, Inc. *	112,800		2,817,744
Time Warner Telecom, Inc., Class A *	319,600		4,950,604
Time Warner, Inc.	138,700		1,944,574
Viacom, Inc., Class B *	56,850		2,252,397
			14,129,465
Chemicals - 1.22%
Potash Corp. of Saskatchewan, Inc.	66,700		10,352,507
Coal - 0.32%
Peabody Energy Corp.	53,500		2,728,500
Computer Services - 0.13%
NetApp, Inc. *	56,000		1,122,800
Computers & Business Equipment - 4.52%
Apple, Inc. *	37,200		5,338,200
Brocade Communications Systems, Inc. *	362,400		2,645,520
Cisco Systems, Inc. *	438,000		10,551,420
Cognizant Technology Solutions Corp.,
Class A *	44,400		1,280,052
Dell, Inc. *	182,600		3,637,392
International Business Machines Corp.	12,400		1,427,736
SanDisk Corp. *	354,600		8,003,322
Seagate Technology	151,300		3,168,222
Sun Microsystems, Inc. *	155,600		2,416,468
			38,468,332
Construction Materials - 0.13%
Vulcan Materials Company	16,800		1,115,520
Cosmetics & Toiletries - 0.25%
Estee Lauder Companies, Inc., Class A	46,300		2,122,855
Crude Petroleum & Natural Gas - 0.31%
EOG Resources, Inc.	21,800		2,616,000
Drugs & Health Care - 1.11%
ImClone Systems, Inc. *	164,600		6,982,332
Wyeth	59,400		2,480,544
			9,462,876
Electrical Equipment - 0.60%
Cooper Industries, Ltd., Class A	42,300		1,698,345
Emerson Electric Company	66,800		3,437,528
			5,135,873
Electrical Utilities - 1.05%
AES Corp. *	93,000		1,550,310
CMS Energy Corp.	109,800		1,486,692
Edison International	72,600		3,558,852
Pinnacle West Capital Corp.	66,500		2,332,820
			8,928,674
Electronics - 1.01%
Agilent Technologies, Inc. *	121,900		3,636,277

U.S. Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electronics (continued)
Flextronics International, Ltd. *	246,500	$	2,314,635
Jabil Circuit, Inc.	278,700		2,636,502
			8,587,414
Financial Services - 9.52%
American Capital Strategies, Ltd. (a)	79,300		2,708,888
AmeriCredit Corp. * (a)	14,900		150,043
Capital One Financial Corp.	40,400		1,988,488
Federal Home Loan Mortgage Corp.	348,600		8,826,552
Federal National Mortgage Association	206,800		5,442,976
Goldman Sachs Group, Inc.	97,800		16,175,142
JP Morgan Chase & Company	478,592		20,555,526
Lehman Brothers Holdings, Inc.	191,000		7,189,240
SLM Corp. *	187,522		2,878,463
Visa, Inc. *	26,000		1,621,360
Washington Mutual, Inc. (a)	536,000		5,520,800
Wells Fargo & Company	274,700		7,993,770
			81,051,248
Food & Beverages - 4.28%
Campbell Soup Company	73,000		2,478,350
General Mills, Inc.	34,400		2,059,872
Kraft Foods, Inc., Class A	333,804		10,351,262
PepsiCo, Inc.	139,400		10,064,680
Sara Lee Corp.	359,000		5,018,820
The Coca-Cola Company	38,800		2,361,756
Unilever NV	120,500		4,064,465
			36,399,205
Furniture & Fixtures - 0.11%
Leggett & Platt, Inc.	60,500		922,625
Gold - 1.41%
Barrick Gold Corp. (a)	276,500		12,013,925
Healthcare Products - 2.29%
Baxter International, Inc.	228,400		13,206,088
Medtronic, Inc.	130,500		6,312,285
			19,518,373
Healthcare Services - 2.29%
Cerner Corp. *	41,100		1,532,208
DaVita, Inc. *	78,850		3,765,876
Health Net, Inc. *	26,700		822,360
UnitedHealth Group, Inc.	389,100		13,369,476
			19,489,920
Holdings Companies/Conglomerates - 2.64%
Berkshire Hathaway, Inc., Class A *	34		4,535,600
General Electric Company	485,100		17,953,551
			22,489,151
Hotels & Restaurants - 0.52%
McDonald's Corp.	56,000		3,123,120
Wynn Resorts, Ltd. *	13,000		1,308,320
			4,431,440
Household Products - 0.39%
Energizer Holdings, Inc. *	24,200		2,189,616
Jarden Corp. *	50,000		1,087,000
			3,276,616

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

429

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance - 3.29%
AFLAC, Inc.	47,900	$	3,111,105
Ambac Financial Group, Inc. (a)	224,300		1,289,725
American International Group, Inc.	215,387		9,315,488
Marsh & McLennan Companies, Inc.	212,400		5,171,940
MBIA, Inc. (a)	224,000		2,737,280
Progressive Corp.	153,200		2,461,924
XL Capital, Ltd., Class A	133,000		3,930,150
			28,017,612
International Oil - 4.52%
Anadarko Petroleum Corp.	43,000		2,710,290
Chevron Corp.	44,248		3,777,009
ConocoPhillips	60,900		4,641,189
Exxon Mobil Corp.	84,300		7,130,094
Royal Dutch Shell PLC, ADR, Class B	26,342		1,774,924
Royal Dutch Shell PLC, ADR	151,000		10,415,980
Weatherford International, Ltd. *	110,800		8,029,676
			38,479,162
Internet Content - 3.10%
Google, Inc., Class A *	43,906		19,339,276
Yahoo!, Inc. *	242,400		7,012,632
			26,351,908
Internet Retail - 1.08%
eBay, Inc. *	307,100		9,163,864
Leisure Time - 1.55%
Carnival Corp.	57,000		2,307,360
Las Vegas Sands Corp. *	57,000		4,197,480
Walt Disney Company	214,100		6,718,458
			13,223,298
Liquor - 0.19%
Anheuser-Busch Companies, Inc.	33,600		1,594,320
Manufacturing - 1.31%
Danaher Corp.	43,700		3,322,511
Illinois Tool Works, Inc.	128,200		6,183,086
Tyco International, Ltd.	37,000		1,629,850
			11,135,447
Mining - 0.62%
Cleveland-Cliffs, Inc.	21,400		2,564,148
Freeport-McMoRan Copper & Gold, Inc.,
Class B	27,800		2,674,916
			5,239,064
Petroleum Services - 2.30%
Baker Hughes, Inc.	47,500		3,253,750
BJ Services Company	247,300		7,050,523
Schlumberger, Ltd.	107,000		9,309,000
			19,613,273
Pharmaceuticals - 6.08%
Abbott Laboratories	73,300		4,042,495
Allergan, Inc.	116,200		6,552,518
AstraZeneca PLC, SADR	256,300		9,736,837
Bristol-Myers Squibb Company	182,700		3,891,510
Forest Laboratories, Inc. *	276,200		11,050,762
Pfizer, Inc.	260,500		5,452,265

U.S. Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals (continued)
Sanofi-Aventis, ADR	127,500	$	4,786,350
Sepracor, Inc. *	140,500		2,742,560
Teva Pharmaceutical Industries, Ltd., SADR	75,100		3,468,869
			51,724,166
Publishing - 0.56%
Gannett Company, Inc.	165,400		4,804,870
Real Estate - 0.03%
Host Hotels & Resorts, Inc., REIT	17,508		278,727
Retail Trade - 6.91%
Best Buy Company, Inc.	261,400		10,837,644
Costco Wholesale Corp.	21,400		1,390,358
Home Depot, Inc.	126,500		3,538,205
Lowe's Companies, Inc.	603,000		13,832,820
Nordstrom, Inc.	171,000		5,574,600
Target Corp.	344,700		17,469,396
Urban Outfitters, Inc. *	135,000		4,232,250
Walgreen Company	52,500		1,999,725
			58,874,998
Semiconductors - 4.13%
Altera Corp.	111,200		2,049,416
Applied Materials, Inc.	647,100		12,624,921
Intel Corp.	233,300		4,941,294
KLA-Tencor Corp.	228,800		8,488,480
Lam Research Corp. *	47,400		1,811,628
Microchip Technology, Inc.	46,700		1,528,491
Micron Technology, Inc. *	496,700		2,965,299
Qimonda AG, SADR * (a)	168,300		725,373
			35,134,902
Software - 2.30%
Adobe Systems, Inc. *	103,400		3,680,006
Microsoft Corp.	369,891		10,497,507
Oracle Corp. *	144,900		2,834,244
VeriFone Holdings, Inc. * (a)	163,200		2,589,984
			19,601,741
Steel - 1.23%
Allegheny Technologies, Inc.	115,400		8,234,944
Nucor Corp.	33,600		2,276,064
			10,511,008
Telecommunications Equipment &
Services - 2.86%
American Tower Corp., Class A *	86,000		3,372,060
Ciena Corp. *	61,400		1,892,962
Corning, Inc.	132,900		3,194,916
Level 3 Communications, Inc. * (a)	986,100		2,090,532
Polycom, Inc. *	80,700		1,818,978
QUALCOMM, Inc.	225,300		9,237,300
Verizon Communications, Inc.	74,700		2,722,815
			24,329,563
Telephone - 1.33%
AT&T, Inc.	295,500		11,317,650
Tobacco - 1.23%
Altria Group, Inc.	144,400		3,205,680

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

430

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Large Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Tobacco (continued)
Philip Morris International, Inc. *		144,400	$	7,303,752
				10,509,432
Trucking & Freight - 2.31%
FedEx Corp.		47,600		4,411,092
United Parcel Service, Inc., Class B		209,400		15,290,388
				19,701,480
TOTAL COMMON STOCKS (Cost $885,912,298)			$	822,173,980
PREFERRED STOCKS - 0.34%
Banking - 0.14%
Washington Mutual, Inc., Series R, 7.75%		1,620		1,150,200
Financial Services - 0.05%
SLM Corp., Series C, 7.25%		550		450,450
Pharmaceuticals - 0.15%
Schering-Plough Corp., 6.00%		8,600		1,319,670
TOTAL PREFERRED STOCKS (Cost $4,286,517)			$	2,920,320
CONVERTIBLE BONDS - 0.23%
Automobiles - 0.23%
Ford Motor Company
4.25% due 12/15/2036		2,282,000		1,956,815
TOTAL CONVERTIBLE BONDS (Cost $2,296,183)			$	1,956,815
SHORT TERM INVESTMENTS - 3.99%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	33,925,957	$	33,925,957
TOTAL SHORT TERM INVESTMENTS
(Cost $33,925,957)			$	33,925,957
REPURCHASE AGREEMENTS - 3.01%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$25,667,141 on 04/01/2008,
collateralized by $25,975,000
Federal National Mortgage
Association, 5.225% due
01/27/2023 (valued at
$26,181,242, including interest)	$	25,666,000	$	25,666,000
TOTAL REPURCHASE AGREEMENTS
(Cost $25,666,000)			$	25,666,000
Total Investments (U.S. Large Cap Trust)
(Cost $952,086,955) - 104.13%			$	886,643,072
Liabilities in Excess of Other Assets - (4.13)%				(35,160,786)
TOTAL NET ASSETS - 100.00%			$	851,482,286

U.S. Multi Sector Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.42%
Aerospace - 0.98%
Boeing Company	14,100	$	1,048,617
General Dynamics Corp.	30,000		2,501,100
Goodrich Corp.	15,400		885,654
Northrop Grumman Corp.	10,800		840,348
Rockwell Collins, Inc.	2,600		148,590
United Technologies Corp.	150,800		10,378,056
			15,802,365
Agriculture - 0.95%
Archer-Daniels-Midland Company	11,000		452,760
Monsanto Company	133,500		14,885,250
			15,338,010
Aluminum - 0.14%
Alcoa, Inc.	61,400		2,214,084
Apparel & Textiles - 0.70%
Coach, Inc. *	69,000		2,080,350
Liz Claiborne, Inc.	63,700		1,156,155
Mohawk Industries, Inc. * (a)	10,400		744,744
NIKE, Inc., Class B	59,300		4,032,400
Polo Ralph Lauren Corp., Class A	9,700		565,413
VF Corp.	35,200		2,728,352
			11,307,414
Auto Parts - 0.39%
Autoliv, Inc.	8,000		401,600
AutoZone, Inc. *	16,400		1,866,812
BorgWarner, Inc.	13,200		567,996
Johnson Controls, Inc.	102,300		3,457,740
			6,294,148
Auto Services - 0.05%
AutoNation, Inc. *	49,700		744,009
Automobiles - 0.41%
Ford Motor Company * (a)	206,900		1,183,468
General Motors Corp. (a)	56,000		1,066,800
PACCAR, Inc.	97,425		4,384,125
			6,634,393
Banking - 0.88%
Bank of America Corp.	284,300		10,777,813
BB&T Corp.	23,500		753,410
Comerica, Inc.	7,800		273,624
National City Corp.	66,900		665,655
U.S. Bancorp	52,300		1,692,428
			14,162,930
Biotechnology - 0.44%
Amgen, Inc. *	111,500		4,658,470
Biogen Idec, Inc. *	38,800		2,393,572
			7,052,042
Broadcasting - 0.06%
Discovery Holding Company *	22,400		475,328
Liberty Global, Inc., Class A *	13,600		463,488
Liberty Media Corp., Capital, Series A *	4,900		77,126
			1,015,942
Building Materials & Construction - 0.01%
Masco Corp.	8,100		160,623

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

431

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Business Services - 0.74%
Affiliated Computer Services, Inc., Class A *	17,400	$	871,914
Dun & Bradstreet Corp.	1,500		122,070
Fiserv, Inc. *	81,100		3,900,099
Fluor Corp.	20,100		2,837,316
Jacobs Engineering Group, Inc. *	27,200		2,001,648
Manpower, Inc.	14,300		804,518
Moody's Corp.	4,100		142,803
NCR Corp. *	11,500		262,545
R.R. Donnelley & Sons Company	16,900		512,239
Total Systems Services, Inc.	23,400		553,644
			12,008,796
Chemicals - 0.39%
Air Products & Chemicals, Inc.	15,400		1,416,800
Celanese Corp., Series A	17,400		679,470
Dow Chemical Company	31,000		1,142,350
Lubrizol Corp.	10,700		593,957
Praxair, Inc.	28,600		2,408,978
			6,241,555
Commercial Services - 0.01%
Shaw Group, Inc. *	2,400		113,136
Computers & Business Equipment - 5.98%
Apple, Inc. *	149,400		21,438,900
Cisco Systems, Inc. *	1,202,900		28,977,861
Cognizant Technology Solutions Corp.,
Class A *	10,100		291,183
Dell, Inc. *	714,900		14,240,808
EMC Corp. *	442,800		6,349,752
Hewlett-Packard Company	56,000		2,556,960
International Business Machines Corp.	179,400		20,656,116
Juniper Networks, Inc. *	27,800		695,000
Lexmark International, Inc. *	25,700		789,504
Western Digital Corp. *	16,100		435,344
			96,431,428
Construction Materials - 0.10%
Martin Marietta Materials, Inc. (a)	3,200		339,744
Sherwin-Williams Company	4,000		204,160
Trane, Inc.	21,800		1,000,620
Vulcan Materials Company	2,200		146,080
			1,690,604
Containers & Glass - 0.14%
Ball Corp.	13,300		611,002
Owens-Illinois, Inc. *	29,400		1,659,042
			2,270,044
Cosmetics & Toiletries - 2.48%
Avon Products, Inc.	52,500		2,075,850
Colgate-Palmolive Company	71,800		5,593,938
Estee Lauder Companies, Inc., Class A	32,100		1,471,785
Kimberly-Clark Corp.	103,300		6,668,015
Procter & Gamble Company	346,100		24,251,227
			40,060,815
Crude Petroleum & Natural Gas - 1.47%
Apache Corp.	50,500		6,101,410
Devon Energy Corp.	11,300		1,178,929

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Crude Petroleum & Natural Gas
(continued)
Hess Corp.	22,200	$	1,957,596
Marathon Oil Corp.	19,500		889,200
Occidental Petroleum Corp.	161,300		11,802,321
Sunoco, Inc.	19,300		1,012,671
XTO Energy, Inc.	11,725		725,308
			23,667,435
Domestic Oil - 0.01%
Denbury Resources, Inc. *	4,800		137,040
Drugs & Health Care - 0.44%
Wyeth	171,100		7,145,136
Educational Services - 0.47%
Apollo Group, Inc., Class A *	140,200		6,056,640
ITT Educational Services, Inc. * (a)	34,600		1,589,178
			7,645,818
Electrical Equipment - 0.11%
Emerson Electric Company	22,500		1,157,850
FLIR Systems, Inc. *	21,500		646,935
			1,804,785
Electrical Utilities - 0.38%
Constellation Energy Group, Inc.	12,400		1,094,548
Edison International	21,900		1,073,538
Mirant Corp. *	12,600		458,514
PPL Corp.	16,500		757,680
Public Service Enterprise Group, Inc.	44,500		1,788,455
Reliant Energy, Inc. *	38,000		898,700
			6,071,435
Electronics - 0.30%
Arrow Electronics, Inc. *	13,700		461,005
Avnet, Inc. *	26,700		873,891
L-3 Communications Holdings, Inc.	32,200		3,520,748
			4,855,644
Energy - 0.05%
NRG Energy, Inc. *	20,200		787,598
Financial Services - 1.60%
Blackrock, Inc.	800		163,344
Charles Schwab Corp.	8,000		150,640
Citigroup, Inc.	726,600		15,563,772
Eaton Vance Corp.	11,400		347,814
Federal Home Loan Mortgage Corp.	12,600		319,032
Federal National Mortgage Association	186,300		4,903,416
Franklin Resources, Inc.	15,000		1,454,850
Goldman Sachs Group, Inc.	4,800		793,872
Janus Capital Group, Inc.	6,400		148,928
Leucadia National Corp.	21,700		981,274
MasterCard, Inc., Class A	800		178,392
Morgan Stanley	3,700		169,090
SEI Investments Company	16,900		417,261
Washington Mutual, Inc.	14,900		153,470
			25,745,155
Food & Beverages - 7.62%
Campbell Soup Company	6,000		203,700
Coca-Cola Enterprises, Inc.	6,300		152,460

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

432

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Food & Beverages (continued)
General Mills, Inc.	8,600	$	514,968
H.J. Heinz Company	7,500		352,275
Hormel Foods Corp.	4,400		183,304
Kellogg Company	16,100		846,216
Kraft Foods, Inc., Class A	137,876		4,275,535
PepsiCo, Inc.	581,000		41,948,200
The Coca-Cola Company	1,184,800		72,118,776
Tyson Foods, Inc., Class A	77,600		1,237,720
William Wrigley, Jr. Company	18,600		1,168,824
			123,001,978
Forest Products - 0.09%
Weyerhaeuser Company	23,600		1,534,944
Furniture & Fixtures - 0.01%
American Woodmark Corp.	5,200		106,912
Gas & Pipeline Utilities - 0.54%
Transocean, Inc. *	64,000		8,652,800
Healthcare Products - 6.76%
Baxter International, Inc.	18,500		1,069,670
Intuitive Surgical, Inc. *	8,700		2,821,845
Johnson & Johnson	1,074,600		69,709,302
Kinetic Concepts, Inc. *	2,900		134,067
Medtronic, Inc.	204,300		9,881,991
St. Jude Medical, Inc. *	17,900		773,101
Stryker Corp.	127,900		8,319,895
Zimmer Holdings, Inc. *	210,800		16,412,888
			109,122,759
Healthcare Services - 4.64%
Cardinal Health, Inc.	56,600		2,972,066
Coventry Health Care, Inc. *	74,800		3,018,180
Express Scripts, Inc. *	187,700		12,072,864
Health Net, Inc. *	3,500		107,800
McKesson Corp.	91,500		4,791,855
Medco Health Solutions, Inc. *	118,400		5,184,736
Quest Diagnostics, Inc.	29,100		1,317,357
UnitedHealth Group, Inc.	1,120,200		38,490,072
WellPoint, Inc. *	156,300		6,897,519
			74,852,449
Holdings Companies/Conglomerates - 0.08%
Textron, Inc.	23,600		1,307,912
Homebuilders - 0.03%
M/I Homes, Inc. (a)	3,300		56,034
Toll Brothers, Inc. *	19,500		457,860
			513,894
Hotels & Restaurants - 0.39%
McDonald's Corp.	89,200		4,974,684
Starbucks Corp. *	8,600		150,500
Yum! Brands, Inc.	31,900		1,186,999
			6,312,183
Household Appliances - 0.01%
Whirlpool Corp.	1,800		156,204
Household Products - 0.17%
Clorox Company	2,600		147,264

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Household Products (continued)
Energizer Holdings, Inc. *	29,000	$	2,623,920
			2,771,184
Industrial Machinery - 1.35%
AGCO Corp. *	9,900		592,812
Cameron International Corp. *	32,500		1,353,300
Caterpillar, Inc.	65,200		5,104,508
Cummins, Inc.	15,800		739,756
Deere & Company	93,600		7,529,184
Flowserve Corp.	3,100		323,578
FMC Technologies, Inc. *	10,900		620,101
Ingersoll-Rand Company, Ltd., Class A	35,000		1,560,300
ITT Corp.	13,900		720,159
Pall Corp.	18,300		641,781
Parker-Hannifin Corp.	22,900		1,586,283
Terex Corp. *	6,000		375,000
W.W. Grainger, Inc.	8,600		656,954
			21,803,716
Industrials - 0.01%
Fastenal Company	3,800		174,534
Insurance - 2.75%
ACE, Ltd.	19,500		1,073,670
Aetna, Inc.	49,500		2,083,455
AFLAC, Inc.	64,000		4,156,800
Allstate Corp.	174,900		8,405,694
Ambac Financial Group, Inc.	15,500		89,125
American International Group, Inc.	195,300		8,446,725
Aon Corp.	31,300		1,258,260
Brown & Brown, Inc.	57,000		990,660
Chubb Corp.	32,800		1,622,944
CIGNA Corp.	39,600		1,606,572
CNA Financial Corp.	9,600		247,584
First American Corp.	25,700		872,258
Hartford Financial Services Group, Inc.	10,500		795,585
Markel Corp. *	900		395,973
MetLife, Inc.	10,900		656,834
MGIC Investment Corp.	10,400		109,512
Old Republic International Corp.	33,425		431,517
Progressive Corp.	53,400		858,138
Prudential Financial, Inc.	21,000		1,643,250
SAFECO Corp.	7,000		307,160
The Travelers Companies, Inc.	98,200		4,698,870
Torchmark Corp.	23,300		1,400,563
Transatlantic Holdings, Inc.	8,400		557,340
UnumProvident Corp.	55,400		1,219,354
W.R. Berkley Corp.	15,700		434,733
			44,362,576
International Oil - 11.64%
Anadarko Petroleum Corp.	55,200		3,479,256
Chevron Corp.	832,700		71,079,272
ConocoPhillips	228,900		17,444,469
Exxon Mobil Corp.	1,085,900		91,845,422
Murphy Oil Corp.	15,900		1,306,026
Noble Corp.	16,500		819,555

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

433

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
International Oil (continued)
Weatherford International, Ltd. *	25,100	$	1,818,997
			187,792,997
Internet Content - 0.91%
Google, Inc., Class A *	33,200		14,623,604
Internet Retail - 1.45%
Amazon.com, Inc. *	100,900		7,194,170
eBay, Inc. *	510,800		15,242,272
Expedia, Inc. *	46,800		1,024,452
			23,460,894
Internet Software - 0.11%
McAfee, Inc. *	19,800		655,182
VeriSign, Inc. *	31,500		1,047,060
			1,702,242
Leisure Time - 0.17%
Carnival Corp.	23,200		939,136
MGM MIRAGE * (a)	29,534		1,735,713
			2,674,849
Life Sciences - 0.04%
Waters Corp. *	11,800		657,260
Liquor - 0.37%
Anheuser-Busch Companies, Inc.	124,400		5,902,780
Manufacturing - 2.75%
3M Company	319,700		25,304,255
Danaher Corp.	94,500		7,184,835
Eaton Corp.	12,000		956,040
Harley-Davidson, Inc.	57,600		2,160,000
Honeywell International, Inc.	104,000		5,867,680
Illinois Tool Works, Inc.	36,800		1,774,864
SPX Corp.	5,100		534,990
Tyco International, Ltd.	13,975		615,599
			44,398,263
Metal & Metal Products - 0.23%
Precision Castparts Corp.	26,900		2,745,952
Reliance Steel & Aluminum Company	8,000		478,880
Southern Copper Corp. (a)	4,700		488,001
			3,712,833
Mining - 0.01%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	1,500		144,330
Multimedia - 0.01%
Liberty Media Corp. - Entertainment, Series A *	5,200		117,728
Paper - 0.01%
Temple-Inland, Inc.	7,400		94,128
Petroleum Services - 1.89%
Baker Hughes, Inc.	6,800		465,800
Diamond Offshore Drilling, Inc.	14,800		1,722,720
Halliburton Company	43,600		1,714,788
Schlumberger, Ltd.	217,900		18,957,300
Smith International, Inc.	33,000		2,119,590
Valero Energy Corp.	113,500		5,573,985
			30,554,183

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Pharmaceuticals - 8.67%
Abbott Laboratories	234,000	$	12,905,100
AmerisourceBergen Corp.	55,100		2,257,998
Bristol-Myers Squibb Company	61,300		1,305,690
Eli Lilly & Company	233,200		12,030,788
Forest Laboratories, Inc. *	94,500		3,780,945
Gilead Sciences, Inc. *	47,000		2,421,910
King Pharmaceuticals, Inc. *	76,000		661,200
Merck & Company, Inc.	910,800		34,564,860
Pfizer, Inc.	3,260,200		68,235,986
Schering-Plough Corp.	123,000		1,772,430
			139,936,907
Publishing - 0.11%
Gannett Company, Inc.	62,600		1,818,530
Railroads & Equipment - 0.10%
CSX Corp.	9,800		549,486
Union Pacific Corp.	8,800		1,103,344
			1,652,830
Retail Grocery - 0.19%
Safeway, Inc.	29,000		851,150
SUPERVALU, Inc.	29,779		892,774
The Kroger Company	50,600		1,285,240
			3,029,164
Retail Trade - 10.02%
Abercrombie & Fitch Company, Class A	26,700		1,952,838
Advance Auto Parts, Inc.	7,300		248,565
American Eagle Outfitters, Inc.	44,200		773,942
Bed Bath & Beyond, Inc. *	72,100		2,126,950
Best Buy Company, Inc.	10,400		431,184
Chico's FAS, Inc. *	12,000		85,320
Costco Wholesale Corp.	16,800		1,091,496
CVS Caremark Corp.	39,700		1,608,247
Dollar Tree, Inc. *	20,300		560,077
Family Dollar Stores, Inc.	51,800		1,010,100
GameStop Corp., Class A *	12,600		651,546
Home Depot, Inc.	1,107,100		30,965,587
Kohl's Corp. *	72,500		3,109,525
Lowe's Companies, Inc.	524,600		12,034,324
Ross Stores, Inc.	5,100		152,796
Staples, Inc.	70,500		1,558,755
Target Corp.	138,400		7,014,112
The TJX Companies, Inc.	4,700		155,429
Tiffany & Company	16,800		702,912
Walgreen Company	183,900		7,004,751
Wal-Mart Stores, Inc.	1,679,000		88,449,720
			161,688,176
Semiconductors - 0.72%
Analog Devices, Inc.	22,600		667,152
Cypress Semiconductor Corp. *	6,900		162,909
Intel Corp.	359,200		7,607,856
KLA-Tencor Corp.	19,900		738,290
National Semiconductor Corp.	17,000		311,440
Texas Instruments, Inc.	47,900		1,354,133
Xilinx, Inc.	35,900		852,625
			11,694,405

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

434

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Software - 5.59%
CA, Inc.		20,800	$	468,000
Citrix Systems, Inc. *		30,500		894,565
Intuit, Inc. *		5,700		153,957
Microsoft Corp.		2,500,100		70,952,838
Oracle Corp. *		904,200		17,686,152
				90,155,512
Telecommunications Equipment &
Services - 3.82%
Corning, Inc.		74,600		1,793,384
QUALCOMM, Inc.		769,900		31,565,900
Verizon Communications, Inc.		777,800		28,350,810
				61,710,094
Telephone - 0.80%
AT&T, Inc.		322,905		12,367,262
CenturyTel, Inc.		7,300		242,652
Sprint Nextel Corp.		57,900		387,351
				12,997,265
Tires & Rubber - 0.07%
Goodyear Tire & Rubber Company *		42,200		1,088,760
Tobacco - 2.15%
Altria Group, Inc.		448,700		9,961,140
Philip Morris International, Inc. *		448,700		22,695,246
UST, Inc. (a)		36,500		1,989,980
				34,646,366
Toys, Amusements & Sporting Goods - 0.09%
Hasbro, Inc.		38,600		1,076,940
Mattel, Inc.		17,300		344,270
				1,421,210
Transportation - 0.01%
C.H. Robinson Worldwide, Inc.		3,400		184,960
Trucking & Freight - 0.36%
FedEx Corp.		14,400		1,334,448
United Parcel Service, Inc., Class B		61,700		4,505,334
				5,839,782
TOTAL COMMON STOCKS (Cost $1,676,295,531)			$	1,555,776,481
SHORT TERM INVESTMENTS - 0.54%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	8,768,610	$	8,768,610
TOTAL SHORT TERM INVESTMENTS
(Cost $8,768,610)			$	8,768,610

U.S. Multi Sector Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 3.22%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$51,953,309 on 04/01/2008,
collateralized by $52,715,000
Federal Home Loan Mortgage
Corp., 5.51% due 01/23/2023
(valued at $52,991,227, including
interest)	$	51,951,000	$	51,951,000
TOTAL REPURCHASE AGREEMENTS
(Cost $51,951,000)			$	51,951,000
Total Investments (U.S. Multi Sector Trust)
(Cost $1,737,015,141) - 100.18%			$	1,616,496,091
Liabilities in Excess of Other Assets - (0.18)%				(2,918,840)
TOTAL NET ASSETS - 100.00%			$	1,613,577,251
Utilities Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 93.50%
Broadcasting - 0.94%
Grupo Televisa SA, SADR *		93,420	$	2,264,501
Building Materials & Construction - 0.25%
Bouygues SA		9,390		597,299
Cable & Television - 6.41%
Comcast Corp., Special Class A *		205,315		3,894,826
Megacable Holdings SAB de CV *		353,900		948,034
Rogers Communications, Inc., Class B		176,150		6,335,874
Time Warner Cable, Inc. *		173,300		4,329,034
				15,507,768
Cellular Communications - 7.73%
America Movil SA de CV, Series L, ADR		83,080		5,291,365
Cellcom Israel, Ltd. (a)		121,930		3,832,260
Hutchison Telecommunications
International, Ltd. *		1,231,000		1,757,284
Mobile Telesystems, SADR		14,310		1,085,414
MTN Group, Ltd.		95,860		1,457,208
NII Holdings, Inc. *		94,370		2,999,079
Tim Participacoes SA		44,270		1,429,478
Turkcell Iletisim Hizmetleri AS, ADR		17,370		362,859
Turkcell Iletisim Hizmetleri AS		58,180		482,065
				18,697,012
Coal - 0.15%
Peabody Energy Corp.		7,160		365,160
Construction & Mining Equipment - 0.66%
Acciona SA		5,960		1,595,802
Crude Petroleum & Natural Gas - 0.95%
Gaz de France		15,300		924,022
Marathon Oil Corp.		15,860		723,216
XTO Energy, Inc.		10,700		661,902
				2,309,140

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

435

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Utilities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities - 34.81%
AES Corp. *	232,650	$	3,878,275
AES Tiete SA	54,184,200		1,803,361
Allegheny Energy, Inc.	33,230		1,678,115
American Electric Power Company, Inc.	124,140		5,167,948
CEZ AS	48,280		3,690,518
CMS Energy Corp.	300,900		4,074,186
Constellation Energy Group, Inc.	21,171		1,868,764
Dominion Resources, Inc.	74,240		3,031,962
DPL, Inc.	130,630		3,349,353
DTE Energy Company	43,860		1,705,715
Dynegy, Inc., Class A *	289,100		2,280,999
E.ON AG	34,240		6,335,289
Edison International	102,330		5,016,217
Electricidade de Portugal SA	21,000		127,487
Electricite de France	20,400		1,774,526
Enersis SA, SADR (a)	89,440		1,581,299
FirstEnergy Corp.	25,430		1,745,007
FPL Group, Inc.	47,700		2,992,698
Iberdrola SA	88,755		1,372,679
International Power PLC	489,530		3,870,681
Northeast Utilities	131,470		3,226,274
Oesterreichische Elektrizitaets AG, Class A *	17,510		1,245,443
Pepco Holdings, Inc.	99,560		2,461,123
PG&E Corp.	106,760		3,930,903
Portland General Electric Company	35,130		792,182
Public Service Enterprise Group, Inc.	126,990		5,103,728
Red Electrica De Espana	43,060		2,637,131
Reliant Energy, Inc. *	155,590		3,679,704
Scottish & Southern Energy PLC	25,480		710,707
Wisconsin Energy Corp.	11,190		492,248
Xcel Energy, Inc.	128,930		2,572,154
			84,196,676
Energy - 7.40%
MDU Resources Group, Inc.	97,910		2,403,691
NRG Energy, Inc. *	216,470		8,440,165
Sempra Energy	120,460		6,418,109
United Utilities PLC	46,560		638,595
			17,900,560
Gas & Pipeline Utilities - 10.82%
AGL Resources, Inc.	48,590		1,667,609
El Paso Corp.	311,480		5,183,027
Enagas	64,491		1,926,511
Equitable Resources, Inc.	124,660		7,342,474
OAO Gazprom, SADR	37,340		1,902,807
Questar Corp.	52,050		2,943,948
Williams Companies, Inc.	157,951		5,209,224
			26,175,600
International Oil - 1.88%
Noble Corp.	37,810		1,878,023
Talisman Energy, Inc.	68,930		1,222,870
Total SA	19,570		1,449,822
			4,550,715
Petroleum Services - 1.61%
Fortum Corp. Oyj *	9,500		387,570

Utilities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Petroleum Services (continued)
Halliburton Company	64,300	$	2,528,919
Schlumberger, Ltd.	11,300		983,100
			3,899,589
Pollution Control - 0.22%
Suez SA	8,140		533,553
Sanitary Services - 0.68%
Veolia Environnement SA	23,423		1,634,532
Telecommunications Equipment &
Services - 14.05%
Bharti Telecom, Ltd. *	39,250		802,772
Deutsche Telekom AG	14,800		245,893
Embarq Corp.	108,340		4,344,434
France Telecom SA	34,100		1,145,602
Iliad SA	12,248		1,219,101
Koninklijke (Royal) KPN NV	193,590		3,268,105
Philippine Long Distance Telephone
Company, SADR (a)	14,460		961,012
Philippine Long Distance Telephone Company	15,660		1,047,142
Telecom Argentina SA, ADR, B Shares *	98,740		2,091,313
Telefonica SA	160,970		4,624,989
Telenor ASA	190,150		3,661,881
Telkom SA, Ltd.	52,400		848,516
Telus Corp. - Non Voting Shares	64,150		2,702,993
Verizon Communications, Inc.	89,610		3,266,285
Vodafone Group PLC	1,268,060		3,769,211
			33,999,249
Telephone - 4.94%
AT&T, Inc.	191,310		7,327,173
Hrvatske Telekomunikacije dd *	3,210		226,650
Qwest Communications International, Inc.	617,760		2,798,453
Windstream Corp.	134,388		1,605,937
			11,958,213
TOTAL COMMON STOCKS (Cost $224,180,721)		$	226,185,369
PREFERRED STOCKS - 5.03%
Cable & Television - 0.36%
Net Servicos de Comunicacao SA *	80,622		861,494
Electrical Utilities - 2.31%
Eletropaulo Metropolitana de Sao Paulo SA *	43,250,000		3,401,436
Entergy Corp.	33,720		2,200,567
			5,602,003
Energy - 1.55%
NRG Energy, Inc.	11,120		3,756,475
Gas & Pipeline Utilities - 0.81%
El Paso Corp.	1,440		1,954,800
TOTAL PREFERRED STOCKS (Cost $9,714,715)		$	12,174,772
TERM LOANS - 0.62%
Electrical Utilities - 0.62%
Texas Competitive Electric Holdings Company
8.3963% due 10/10/2014 (b)	1,505,182		1,501,417
TOTAL TERM LOANS (Cost $1,501,419)		$	1,501,417

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

436

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Utilities Trust (continued)
		Shares or
		Principal
		Amount		Value
CONVERTIBLE BONDS - 0.87%
Cellular Communications - 0.36%
NII Holdings, Inc.
3.125% due 06/15/2012	$	1,105,000	$	877,094
Coal - 0.51%
Peabody Energy Corp.
4.75% due 12/15/2066		1,076,000		1,221,260
TOTAL CONVERTIBLE BONDS (Cost $2,126,490)			$	2,098,354
SHORT TERM INVESTMENTS - 1.37%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	3,314,734	$	3,314,734
TOTAL SHORT TERM INVESTMENTS
(Cost $3,314,734)			$	3,314,734
Total Investments (Utilities Trust)
(Cost $240,838,079) - 101.39%			$	245,274,646
Liabilities in Excess of Other Assets - (1.39)%				(3,363,440)
TOTAL NET ASSETS - 100.00%			$	241,911,206
Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.38%
Aerospace - 2.19%
Goodrich Corp.		110,390	$	6,348,529
Automobiles - 1.80%
Tata Motors, Ltd., SADR		334,933		5,231,653
Banking - 6.18%
Hudson City Bancorp, Inc.		685,710		12,123,353
Northern Trust Corp.		87,439		5,812,070
				17,935,423
Biotechnology - 2.04%
Affymetrix, Inc. *		340,300		5,924,623
Business Services - 5.28%
Perot Systems Corp., Class A *		530,080		7,972,403
Pitney Bowes, Inc.		209,670		7,342,644
				15,315,047
Chemicals - 2.37%
Valspar Corp.		346,940		6,883,290
Computers & Business Equipment - 3.84%
Diebold, Inc.		296,670		11,139,958
Cosmetics & Toiletries - 5.22%
Estee Lauder Companies, Inc., Class A		195,290		8,954,047
International Flavors & Fragrances, Inc.		140,810		6,202,680
				15,156,727
Crude Petroleum & Natural Gas - 5.82%
Hess Corp.		98,280		8,666,330
Newfield Exploration Company *		155,770		8,232,445
				16,898,775
Educational Services - 1.28%
Apollo Group, Inc., Class A *		86,004		3,715,373

Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Electrical Utilities - 7.75%
American Electric Power Company, Inc.	191,190	$	7,959,240
DPL, Inc.	273,870		7,022,027
Wisconsin Energy Corp.	170,770		7,512,172
			22,493,439
Electronics - 4.75%
Flextronics International, Ltd. *	711,231		6,678,459
Zebra Technologies Corp., Class A *	213,000		7,097,160
			13,775,619
Energy - 1.97%
NRG Energy, Inc. *	146,500		5,712,035
Financial Services - 3.59%
CIT Group, Inc.	308,700		3,658,095
Invesco, Ltd.	277,646		6,763,456
			10,421,551
Food & Beverages - 3.17%
ConAgra Foods, Inc.	384,020		9,197,279
Gas & Pipeline Utilities - 2.72%
El Paso Corp.	474,370		7,893,517
Healthcare Products - 5.64%
Beckman Coulter, Inc.	152,230		9,826,447
Owens & Minor, Inc.	166,480		6,549,323
			16,375,770
Healthcare Services - 2.87%
Healthsouth Corp. *	467,944		8,324,724
Household Products - 2.08%
Newell Rubbermaid, Inc.	264,440		6,047,743
Insurance - 10.05%
ACE, Ltd.	153,670		8,461,070
Allied World Assurance Holdings, Ltd.	98,018		3,891,315
Aspen Insurance Holdings, Ltd.	303,290		8,000,790
Marsh & McLennan Companies, Inc.	361,711		8,807,663
			29,160,838
Internet Retail - 1.42%
Orbitz Worldwide, Inc. *	598,038		4,120,482
Investment Companies - 1.90%
Market Vectors Gold Miners ETF *	115,700		5,523,518
Manufacturing - 2.85%
Pentair, Inc.	258,860		8,257,634
Office Furnishings & Supplies - 4.05%
Avery Dennison Corp.	121,100		5,964,175
Office Depot, Inc. *	522,790		5,776,829
			11,741,004
Paper - 3.12%
Domtar Corp. *	1,323,700		9,040,871
Retail Trade - 4.43%
Macy's, Inc.	210,700		4,858,742
Rite Aid Corp. *	2,716,810		7,987,421
			12,846,163
TOTAL COMMON STOCKS (Cost $298,509,334)		$	285,481,585

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

437

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Value Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 1.86%
Federal Home Loan Bank Discount Notes
zero coupon due 04/01/2008	$	5,415,000	$	5,415,000
TOTAL SHORT TERM INVESTMENTS
(Cost $5,415,000)			$	5,415,000
Total Investments (Value Trust)
(Cost $303,924,334) - 100.24%			$	290,896,585
Liabilities in Excess of Other Assets - (0.24)%				(704,705)
TOTAL NET ASSETS - 100.00%			$	290,191,880
Value & Restructuring Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.02%
Aerospace - 2.74%
Empresa Brasileira de Aeronautica SA, ADR		146,402	$	5,784,343
United Technologies Corp.		86,496		5,952,655
				11,736,998
Air Travel - 1.72%
Copa Holdings SA, Class A		123,816		4,718,628
Gol-Linhas Aereas Inteligentes SA (a)		177,903		2,648,975
				7,367,603
Auto Services - 0.53%
RSC Holdings, Inc. *		209,608		2,284,727
Broadcasting - 0.74%
CBS Corp., Class B		144,149		3,182,810
Building Materials & Construction - 0.47%
Eagle Materials, Inc. (a)		56,822		2,020,022
Cable & Television - 0.70%
DISH Network Corp. *		103,755		2,980,881
Cellular Communications - 3.73%
America Movil SA de CV, Series L, ADR		250,665		15,964,854
Chemicals - 4.07%
Celanese Corp., Series A		204,668		7,992,285
Lanxess AG		103,099		4,143,927
PPG Industries, Inc.		87,068		5,268,485
				17,404,697
Coal - 6.33%
Alpha Natural Resources, Inc. *		170,786		7,418,944
CONSOL Energy, Inc.		221,946		15,356,443
Foundation Coal Holdings, Inc.		85,672		4,311,872
				27,087,259
Commercial Services - 1.20%
AerCap Holdings NV *		247,528		4,351,542
Horsehead Holding Corp. * (g)		65,745		761,327
				5,112,869
Computers & Business Equipment - 1.82%
International Business Machines Corp.		67,669		7,791,409
Cosmetics & Toiletries - 1.40%
Avon Products, Inc.		151,142		5,976,155

Value & Restructuring Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Crude Petroleum & Natural Gas - 5.70%
Devon Energy Corp.	123,184	$	12,851,787
Noble Energy, Inc.	104,284		7,591,875
Pinnacle Gas Resources, Inc. * (g)	24,340		62,067
W&T Offshore, Inc.	113,844		3,883,219
			24,388,948
Electrical Utilities - 0.48%
Enel SpA	191,801		2,036,844
Electronics - 0.16%
Harman International Industries, Inc.	15,687		683,012
Energy - 0.42%
Rosetta Resources, Inc. * (g)	76,885		1,512,328
Rosetta Resources, Inc. *	13,485		265,250
			1,777,578
Financial Services - 8.80%
Apollo Investment Corp. (a)	177,618		2,811,693
Capital One Financial Corp.	78,833		3,880,160
CIT Group, Inc.	99,172		1,175,188
Invesco, Ltd.	259,675		6,325,683
JP Morgan Chase & Company	119,393		5,127,929
Lehman Brothers Holdings, Inc.	116,435		4,382,614
MCG Capital Corp.	89,977		817,891
Morgan Stanley	148,971		6,807,975
PNC Financial Services Group, Inc.	79,042		5,182,784
Washington Mutual, Inc.	110,263		1,135,709
			37,647,626
Food & Beverages - 0.81%
Dean Foods Company *	143,946		2,891,875
Vintage Wine Trust, Inc. (g)	82,385		556,099
			3,447,974
Furniture & Fixtures - 0.64%
Leggett & Platt, Inc.	180,709		2,755,812
Gas & Pipeline Utilities - 1.15%
El Paso Corp.	296,646		4,936,189
Healthcare Products - 1.29%
Baxter International, Inc.	95,609		5,528,112
Holdings Companies/Conglomerates - 1.56%
Loews Corp.	166,390		6,692,206
Homebuilders - 0.90%
Centex Corp.	158,284		3,832,056
Household Appliances - 2.15%
Black & Decker Corp.	138,980		9,186,578
Household Products - 0.88%
Newell Rubbermaid, Inc.	165,214		3,778,444
Industrial Machinery - 1.89%
AGCO Corp. *	134,753		8,069,010
Industrials - 0.51%
Aecom Technology Corp. *	83,433		2,170,092
Insurance - 4.30%
ACE, Ltd.	150,990		8,313,509
Ambac Financial Group, Inc.	46,661		268,301
Castlepoint Holdings, Ltd. * (g)	68,288		664,442

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

438

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Value & Restructuring Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Insurance (continued)
Castlepoint Holdings, Ltd.	67,703	$	658,750
Genworth Financial, Inc., Class A	88,708		2,008,349
MetLife, Inc.	96,403		5,809,245
Primus Guaranty, Ltd. *	189,194		677,315
			18,399,911
International Oil - 10.27%
Anadarko Petroleum Corp.	116,667		7,353,521
ConocoPhillips	145,008		11,051,060
Murphy Oil Corp.	71,893		5,905,291
Petroleo Brasileiro SA, ADR	192,323		19,638,101
			43,947,973
Manufacturing - 2.45%
Rockwell Automation, Inc.	88,595		5,087,125
Tyco International, Ltd.	122,289		5,386,830
			10,473,955
Metal & Metal Products - 3.96%
Companhia Vale Do Rio Doce, ADR *	125,000		4,330,000
Southern Copper Corp. (a)	88,800		9,220,104
Sterlite Industries India, Ltd. *	190,636		3,397,134
			16,947,238
Mining - 2.75%
Freeport-McMoRan Copper & Gold, Inc.,
Class B	73,970		7,117,393
Grupo Mexico SA	702,000		4,660,102
			11,777,495
Paper - 0.44%
Smurfit-Stone Container Corp. *	244,379		1,881,718
Petroleum Services - 3.25%
Hercules Offshore, Inc. * (a)	204,942		5,148,143
PetroHawk Energy Corp. *	223,591		4,509,831
Petroplus Holdings AG *	68,937		4,249,128
			13,907,102
Pharmaceuticals - 1.67%
AmerisourceBergen Corp.	102,738		4,210,203
Bristol-Myers Squibb Company	138,656		2,953,373
			7,163,576
Railroads & Equipment - 2.46%
Union Pacific Corp.	83,845		10,512,486
Real Estate - 1.23%
DiamondRock Hospitality Company, REIT	233,625		2,960,029
Host Hotels & Resorts, Inc., REIT	116,861		1,860,427
JHSF Participacoes SA	119,864		426,939
			5,247,395
Retail Trade - 2.93%
J.C. Penney Company, Inc.	82,000		3,092,220
The TJX Companies, Inc.	174,038		5,755,436
United Rentals, Inc. *	195,045		3,674,648
			12,522,304
Steel - 1.48%
Schnitzer Steel Industries, Inc.	89,073		6,325,964

Value & Restructuring Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services - 2.08%
CommScope, Inc. *		72,439	$	2,523,051
DataPath, Inc. * (g)		78,000		234,000
Nokia Oyj, SADR		192,464		6,126,129
				8,883,180
Telephone - 3.13%
Harris Corp.		227,241		11,028,006
Windstream Corp.		197,386		2,358,762
				13,386,768
Tobacco - 2.12%
Loews Corp. - Carolina Group		125,176		9,081,519
Transportation - 0.35%
Arlington Tankers, Ltd. (a)		42,003		882,063
Omega Navigation Enterprises, Inc.		39,523		592,055
				1,474,118
Trucking & Freight - 1.36%
Ryder Systems, Inc.		95,749		5,832,072
TOTAL COMMON STOCKS (Cost $387,332,353)			$	423,605,539
PREFERRED STOCKS - 0.75%
Chemicals - 0.25%
Celanese Corp.		20,883		1,051,330
Financial Services - 0.50%
CIT Group, Inc.		178,980		2,147,760
TOTAL PREFERRED STOCKS (Cost $4,492,793)			$	3,199,090
RIGHTS - 0.00%
Financial Services - 0.00%
MCG Capital Corp. *		12,854		13,754
TOTAL RIGHTS (Cost $0)			$	13,754
SHORT TERM INVESTMENTS - 4.74%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	20,252,192	$	20,252,192
TOTAL SHORT TERM INVESTMENTS
(Cost $20,252,192)			$	20,252,192
REPURCHASE AGREEMENTS - 0.28%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$1,213,054 on 04/01/2008,
collateralized by $1,235,000
Federal Farm Credit Bank, 3.90%
due 03/20/2013 (valued at
$1,238,088, including interest)	$	1,213,000	$	1,213,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,213,000)			$	1,213,000
Total Investments (Value & Restructuring Trust)
(Cost $413,290,338) - 104.79%			$	448,283,575
Liabilities in Excess of Other Assets - (4.79)%				(20,491,402)
TOTAL NET ASSETS - 100.00%			$	427,792,173

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

439

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Vista Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.76%
Aerospace - 3.05%
Alliant Techsystems, Inc. *	11,200	$	1,159,536
BE Aerospace, Inc. *	67,963		2,375,307
			3,534,843
Agriculture - 3.99%
Monsanto Company	32,000		3,568,000
The Mosaic Company *	10,300		1,056,780
			4,624,780
Apparel & Textiles - 1.15%
Crocs, Inc. * (a)	9,400		164,218
Gildan Activewear, Inc. *	15,400		575,344
Guess?, Inc.	14,600		590,862
			1,330,424
Auto Parts - 0.54%
ArvinMeritor, Inc.	49,900		624,249
Banking - 0.48%
Northern Trust Corp.	8,300		551,701
Biotechnology - 1.60%
Invitrogen Corp. *	13,800		1,179,486
Millennium Pharmaceuticals, Inc. *	43,500		672,510
			1,851,996
Broadcasting - 1.37%
Liberty Global, Inc., Class A *	46,500		1,584,720
Building Materials & Construction - 1.98%
Foster Wheeler, Ltd. *	40,544		2,295,601
Business Services - 2.79%
FTI Consulting, Inc. *	37,900		2,692,416
Informatica Corp. *	32,100		547,626
			3,240,042
Cellular Communications - 0.48%
NII Holdings, Inc. *	17,627		560,186
Chemicals - 1.64%
Syngenta AG *	4,697		1,372,203
Terra Industries, Inc. *	15,000		532,950
			1,905,153
Coal - 2.95%
Alpha Natural Resources, Inc. *	34,300		1,489,992
CONSOL Energy, Inc.	20,400		1,411,476
Foundation Coal Holdings, Inc.	10,400		523,432
			3,424,900
Commercial Services - 0.60%
Shaw Group, Inc. *	14,700		692,958
Computers & Business Equipment - 1.34%
Apple, Inc. *	5,000		717,500
Juniper Networks, Inc. *	33,600		840,000
			1,557,500
Construction & Mining Equipment - 1.15%
Bucyrus International, Inc., Class A	7,800		792,870
National Oilwell Varco, Inc. *	9,300		542,934
			1,335,804

Vista Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Containers & Glass - 5.89%
Owens-Illinois, Inc. *	121,000	$	6,828,030
Cosmetics & Toiletries - 0.47%
Avon Products, Inc.	13,800		545,652
Crude Petroleum & Natural Gas - 2.93%
Patterson-UTI Energy, Inc.	24,900		651,882
Quicksilver Resources, Inc. *	26,600		971,698
Southwestern Energy Company *	26,000		875,940
Ultra Petroleum Corp. *	11,500		891,250
			3,390,770
Drugs & Health Care - 3.32%
BioMarin Pharmaceutical, Inc. *	61,000		2,157,570
CSL, Ltd.	24,800		840,680
Parexel International Corp. *	32,500		848,250
			3,846,500
Educational Services - 0.46%
DeVry, Inc.	12,800		535,552
Electrical Equipment - 1.55%
Vestas Wind Systems AS *	16,300		1,794,244
Electrical Utilities - 1.57%
Quanta Services, Inc. *	50,333		1,166,216
Reliant Energy, Inc. *	27,500		650,375
			1,816,591
Electronics - 4.25%
Thermo Fisher Scientific, Inc. *	86,700		4,928,028
Energy - 3.44%
First Solar, Inc. *	8,400		1,941,576
JA Solar Holdings Company, Ltd. *	60,400		1,123,440
McDermott International, Inc. *	16,800		920,976
			3,985,992
Financial Services - 3.66%
Blackrock, Inc. (a)	5,300		1,082,154
MasterCard, Inc., Class A	9,100		2,029,209
Nasdaq Stock Market, Inc. *	14,200		548,972
State Street Corp.	7,300		576,700
			4,237,035
Healthcare Products - 0.74%
Herbalife, Ltd.	18,100		859,750
Healthcare Services - 5.43%
Covance, Inc. *	10,300		854,591
Express Scripts, Inc. *	42,400		2,727,168
Medco Health Solutions, Inc. *	61,900		2,710,601
			6,292,360
Household Products - 0.57%
Tupperware Brands Corp.	17,000		657,560
Industrial Machinery - 7.04%
AGCO Corp. *	55,600		3,329,328
Dresser-Rand Group, Inc. *	31,100		956,325
Flowserve Corp.	37,100		3,872,498
			8,158,151
Insurance - 2.31%
AFLAC, Inc.	41,300		2,682,435

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

440

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Vista Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
International Oil - 1.30%
Weatherford International, Ltd. *	20,800	$	1,507,376
Internet Retail - 1.28%
Mercadolibre, Inc. *	14,800		588,448
Priceline.com, Inc. * (a)	7,400		894,364
			1,482,812
Internet Software - 0.95%
McAfee, Inc. *	16,600		549,294
VeriSign, Inc. *	16,600		551,784
			1,101,078
Leisure Time - 2.94%
Bally Technologies, Inc. *	23,800		817,292
International Game Technology	31,900		1,282,699
Las Vegas Sands Corp. *	7,200		530,208
WMS Industries, Inc. *	21,634		778,175
			3,408,374
Metal & Metal Products - 0.51%
Precision Castparts Corp.	5,800		592,064
Mining - 1.28%
Agnico Eagle Mines, Ltd. (a)	8,400		568,764
Cleveland-Cliffs, Inc.	7,600		910,632
			1,479,396
Petroleum Services - 1.05%
Core Laboratories N.V. *	5,023		599,244
Helmerich & Payne, Inc.	13,200		618,684
			1,217,928
Pharmaceuticals - 0.99%
Alexion Pharmaceuticals, Inc. * (a)	19,400		1,150,420
Railroads & Equipment - 0.83%
CSX Corp.	17,100		958,797
Real Estate - 0.20%
Annaly Capital Management, Inc., REIT	15,400		235,928
Retail Trade - 4.93%
Aeropostale, Inc. *	24,300		658,773
GameStop Corp., Class A *	41,100		2,125,281
J. Crew Group, Inc. *	13,100		578,627
Tractor Supply Company *	15,300		604,656
Urban Outfitters, Inc. *	55,600		1,743,060
			5,710,397
Semiconductors - 3.59%
Intersil Corp., Class A	21,400		549,338
MEMC Electronic Materials, Inc. *	28,500		2,020,650
Microsemi Corp. *	45,773		1,043,624
Xilinx, Inc.	23,100		548,625
			4,162,237
Software - 2.21%
Activision, Inc. *	94,000		2,567,140
Steel - 0.75%
Companhia Siderurgica Nacional SA, ADR	16,400		590,236
Mechel Steel Group, ADR	2,500		284,475
			874,711

Vista Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Telecommunications Equipment &
Services - 2.45%
SBA Communications Corp. *		95,358 $		2,844,529
Tobacco - 1.04%
Swedish Match AB		25,900		565,630
UST, Inc.		11,800		643,336
				1,208,966
Toys, Amusements & Sporting Goods - 1.72%
Nintendo Company, Ltd.		3,800		1,988,176
TOTAL COMMON STOCKS (Cost $99,842,773)			$	112,163,836
SHORT TERM INVESTMENTS - 2.78%
John Hancock Cash
Investment Trust, 3.0622% (c)(f)	$	3,217,057	$	3,217,057
TOTAL SHORT TERM INVESTMENTS
(Cost $3,217,057)			$	3,217,057
REPURCHASE AGREEMENTS - 2.71%
Repurchase Agreement with State
Street Corp. dated 03/31/2008 at
1.60% to be repurchased at
$3,142,140 on 04/01/2008,
collateralized by $2,965,000
Federal Farm Credit Bank, 5.21%
due 12/19/2022 (valued at
$3,204,928, including interest)	$	3,142,000	$	3,142,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,142,000)			$	3,142,000
Total Investments (Vista Trust)
(Cost $106,201,830) - 102.25%			$	118,522,893
Liabilities in Excess of Other Assets - (2.25)%				(2,604,564)
TOTAL NET ASSETS - 100.00%			$	115,918,329

Footnotes

Percentages are stated as a percent of net assets.

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

441

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - March 31, 2008 (Unaudited) - continued

(showing percentage of total net assets)

Key to Currency Abbreviations
ARS	- Argentine Peso
AUD	- Australian Dollar
BRL	- Brazilian Real
CAD	- Canadian Dollar
COP	- Colombian Peso
EGP	- Egyptian Pound
EUR	- European Currency
GBP	- British Pound
HKD	- Hong Kong Dollar
HUF	- Hungarian Forint
IDR	- Indonesian Rupiah
ILS	- Israeli Shekel
INR	- Indian Rupee
JPY	- Japanese Yen
KRW	- South Korean Won
MXN	- Mexican Peso
MYR	- Malaysian Ringgit
NGN	- Nigerian Naira
NZD	- New Zealand Dollar
PHP	- Philippines Peso
PLN	- Polish Zloty
SEK	- Swedish Krona
SGD	- Singapore Dollar
THB	- Thai Baht
TRY	- Turkish Lira
TWD	- Taiwan Dollar
USD	- US Dollar
UYU	- Uruguayan Peso
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
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
TBA	- To Be Announced
TIPS	- Treasury Inflation Protected Security

^	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. Represents the rate at period end.
(c)	Investment is an affiliate of the Trust's adviser or subadviser
(d)	Principal amount of security is adjusted for inflation.
(e)	Security Fair Valued on March 31, 2008
(f)	John Hancock Cash Investment Trust is managed by MFC Global
	Investment Management (U.S.), LLC. The rate shown is the seven-day
	effective yield at period end.
(g)	144A: Security exempt from registration under Rule 144A of the Securities
	Act of 1933. These securities may be resold in transactions exempt from
	registration, normally to qualified institutional buyers.
(h)	The underlying fund's subadviser.
(i)	All or a portion of this position represents an unfunded loan commitment.
	The coupon rate will be determined at time of settlement.
(j)	Delisted
**	Purchased on a forward commitment
***	At March 31, 2008, all or a portion of this security was pledged to cover
	forward commitments purchased and securities sold short (for Global Bond
	Trust, Real Return Bond Trust, and Total Return Trust, all securities have
	been pledged as collateral).
****	At March 31, 2008, all or a portion of this security was pledged to cover
	margin requirements for open futures contracts.

442

Notes to the Schedule of Investments (Unaudited)

1. Security Valuation 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 American Portfolios, Franklin Templeton Founding Allocation, Index Allocation and Lifestyle Portfolios are valued at their respective net asset values each business day and securities in the underlying funds are valued in accordance with their respective valuation policies as outlined in the underlying funds financial statements. Short-term debt investments that have a remaining maturity of 60 days or less are valued at amortized cost, and thereafter assume a constant amortization to maturity of any discount or premium, which approximates market value. Investments in John Hancock Cash Investment Trust (“JHCIT”), an affiliate of the John Hancock Advisers, LLC (“JHA”), a wholly owned subsidiary of John Hancock Financial Services, 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 underlying affiliated 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 principal securities exchange (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 valuation provided by an independent pricing service, which utilizes both dealer-supplied and electronic data processing techniques, 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 procedures established by and under the general supervision of the Board of Trustees. Generally, trading in non-U.S. securities is substantially completed 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 generally determined as of such times. Occasionally, significant events that affect the values of such securities may occur between the times at which such values are generally determined 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 procedures established by and under the general supervision of the Board of Trustees.

In deciding whether to make a fair value adjustment to the price of a security, the Board of Trustees or their designee may review a variety of factors, including developments in foreign markets, the performance of U.S. securities markets and the performance of instruments trading in U.S. markets that represent foreign securities and baskets of foreign securities. The Portfolios may also fair value securities in other situations, for example, when a particular foreign market is closed, but the Portfolio is calculating the net asset value. In view of these factors, it is likely that Portfolios investing significant amounts of assets in securities in foreign markets will be fair valued more frequently than Portfolios investing significant amounts of assets in frequently traded, U.S. exchange listed securities of large-capitalization U.S. issuers.

For purposes of determining when fair value adjustments may be appropriate with respect to Portfolios that invest in securities in foreign markets that close prior to the NYSE, the Portfolios will, on an ongoing basis, monitor for “significant market events.” A significant market event may be a certain percentage change in the value of an index or of certain Exchange Traded Funds that track foreign markets in which Portfolios have significant investments. If a significant market event occurs due to a change in the value of the index or of Exchange Traded Funds, the pricing for all Portfolios that invest in foreign markets that have closed prior to the NYSE will promptly be reviewed and potential adjustments to the net asset value of such Portfolios will be recommended to the Trust’s Pricing Committee where applicable.

Fair value pricing of securities is intended to help ensure that the net asset value of a Portfolio’s shares reflects the value of the Portfolio’s securities as of the close of the NYSE (as opposed to a value which is no longer accurate as of such close), thus limiting the opportunity for aggressive traders to purchase shares of a Portfolio at deflated prices, reflecting stale security valuations, and to promptly sell such shares at a gain. However, a

security’s valuation may differ depending on the method used for determining value and no assurance can be given that fair value pricing of securities will successfully eliminate all potential opportunities for such trading gains.

Investment Risk Certain Portfolios of the Trust may invest a portion of their assets in securities of issuers that hold mortgage securities including sub-prime mortgage securities. The value of these securities is sensitive to change in economic conditions including delinquencies and/or defaults and may be adversely affected by shifts to the markets perception of the issuers and changes in interest rates.

The Portfolios adopted Statement of Financial Accounting Standards No. 157 (FAS 157), “Fair Value Measurements”, effective with the beginning of the Portfolios’ fiscal year. FAS 157 establishes a hierarchy that prioritizes the inputs to valuation techniques giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements) when market prices are not readily available or reliable. The three levels of hierarchy are described below:

• Level 1 – Quoted prices in active markets for identical securities

• Level 2 – Prices determined using other significant observable inputs. Inputs other than quoted prices included in Level 1 that are observable either directly or indirectly through corroboration with observable market data. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk and others.

• Level 3 - Prices determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable, such as when there is little or no market activity for an investment, unobservable inputs may be used. Unobservable inputs reflect the Portfolios' own assumptions about the factors that market participants would use in pricing an investment and would be based on the best information available.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following tables are a summary of the inputs used to value the Portfolios’ net assets as of March 31, 2008 and a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation / depreciation on the instrument.

500 Index
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$1,836,650,371	$303,893
Level 2 - Other Significant
Observable Inputs	28,104,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$ 1,864,754,371	$ 303,893
500 Index B
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$1,046,924,625	($41,469)
Level 2 - Other Significant
Observable Inputs	28,750,000	-

Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,075,674,625	($41,469)
Active Bond
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 – Quoted Prices	$159,106,319	-	Balance as of 12/31/07	$115,272,022	-
Level 2 – Other Significant
Observable Inputs	2,682,409,979	($417,964)	Accrued discounts/premiums	33,276	-
Level 3 – Significant
Unobservable Inputs	99,657,675	-	Realized gain (loss)	18,308	-
			Change in unrealized appreciation
Total	$2,941,173,973	($417,964)	(depreciation)	(15,587,636)	-
			Net purchases (sales)	(2,459,437)	-
			Transfers in and/or out of Level 3	2,381,142	-
			Balance as of 3/31/08	$99,657,675	$-
All Cap Core
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$889,280,929	$1,263,743
Level 2 – Other Significant
Observable Inputs	103,258,181	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$992,539,110	$1,263,743
All Cap Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$282,516,398	-
Level 2 – Other Significant
Observable Inputs	37,372,753	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$319,889,151	$-

All Cap Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$112,313,518	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$112,313,518	$-
American Asset Allocation
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$635,136,021	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$635,136,021	$-
American Blue Chip Income and Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$150,185,973	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$150,185,973	$-
American Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$962,547,092	-
Level 2 – Other Significant
Observable Inputs	-	-

Level 3 – Significant
Unobservable Inputs	-	-
Total	$962,547,092	$-
American Fundamental Holding
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$223,205,708	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$223,205,708	$-
American Global Diversification
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$324,184,001	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$324,184,001	$-
American Global Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$231,470,422	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$231,470,422	$-
American Global Small Capitalization

	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$81,336,963	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$81,336,963	$-
American Growth-Income
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$1,328,609,455	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,328,609,455	$-
American Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$1,656,269,859	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,656,269,859	$-
American High-Income Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$47,846,817	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$47,846,817	$-

American International
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$1,140,585,959	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,140,585,959	$-
American New World
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$75,941,787	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$75,941,787	$-
Blue Chip Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$3,150,609,163	-
Level 2 – Other Significant
Observable Inputs	68,880,828	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$3,219,489,991	$-
Capital Appreciation
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$1,247,566,449	-

Level 2 – Other Significant
Observable Inputs	64,309,954	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,311,876,403	$-
Classic Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$44,893,491	-
Level 2 – Other Significant
Observable Inputs	1,718,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$46,611,491	$-
Core Allocation Plus
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$10,438,956	$56,052
Level 2 – Other Significant
Observable Inputs	14,500,937	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$24,939,893	$56,052
Core Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	-	-
Level 2 – Other Significant
Observable Inputs	$321,982,542	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$321,982,542	$-

Core Equity
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$587,476,326	-
Level 2 – Other Significant
Observable Inputs	36,605,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$624,081,326	$-
Dynamic Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$95,606,735	-
Level 2 – Other Significant
Observable Inputs	9,910,109	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$105,516,844	$-
Emerging Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$21,337,946	-
Level 2 – Other Significant
Observable Inputs	238,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$21,575,946	$-
Emerging Markets Value
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 – Quoted Prices	$183,560,140	-	Balance as of 12/31/07	$195,084	-
Level 2 – Other Significant
Observable Inputs	289,914,538	-	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	166,014	-	Realized gain (loss)	-	-

			Change in unrealized appreciation
Total	$473,640,692	$-	(depreciation)	41,231	-
			Net purchases (sales)	-	-
			Transfers in and/or out of Level 3	(70,301)	-
			Balance as of 3/31/08	$166,014	$-
Emerging Small Company
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$204,103,373	-
Level 2 – Other Significant
Observable Inputs	10,868,093	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$214,971,466	$-
Equity-Income
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 – Quoted Prices	$2,111,286,496	-	Balance as of 12/31/07	-	-
Level 2 – Other Significant
Observable Inputs	107,690,158	-	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	8,124,367	-	Realized gain (loss)	-	-
			Change in unrealized appreciation
Total	$2,227,101,021	$-	(depreciation)	($2,175,633)	-
			Net purchases (sales)	10,300,000	-
			Transfers in and/or out of Level 3	-	-
			Balance as of 3/31/08	$8,124,367	$-
Financial Services
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 – Quoted Prices	$111,969,829	-	Balance as of 12/31/07	$4,094,654	-
Level 2 – Other Significant
Observable Inputs	11,289,541	-	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	1,086,250	-	Realized gain (loss)	-	-
			Change in unrealized appreciation
Total	$124,345,620	$-	(depreciation)	39,626	-
			Net purchases (sales)	(3,048,030)	-
			Transfers in and/or out of Level 3	-	-
			Balance as of 3/31/08	$1,086,250	$-
Floating Rate Income
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments

Level 1 – Quoted Prices	-	-
Level 2 – Other Significant
Observable Inputs	$337,195,339	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$337,195,339	$-
Franklin Templeton Founding Allocation
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$1,224,423,593	-
Level 2 – Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,224,423,593	$-
Fundamental Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$1,302,851,100	-
Level 2 – Other Significant
Observable Inputs	182,613,538	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,485,464,638	$-
Global
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$332,319,423	-
Level 2 – Other Significant
Observable Inputs	428,345,579	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$760,665,002	$-

Global Allocation
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 – Quoted Prices	$166,741,397	$376,241	Balance as of 12/31/07	$2,014,988	-
Level 2 – Other Significant
Observable Inputs	135,010,288	-	Accrued discounts/premiums	101	-
Level 3 – Significant
Unobservable Inputs	1,075,383	-	Realized gain (loss)	230	-
			Change in unrealized appreciation
Total	$302,827,068	$376,241	(depreciation)	(252,909)	-
			Net purchases (sales)	(26,161)	-
			Transfers in and/or out of Level 3	(660,866)	-
			Balance as of 3/31/08	$1,075,383	$-
Global Bond
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 – Quoted Prices	$2,611,053	$2,890,483	Balance as of 12/31/07	$23,310,562	-
Level 2 – Other Significant
Observable Inputs	1,435,558,884	6,427,453	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	15,410,846	-	Realized gain (loss)	-	-
			Change in unrealized appreciation
Total	$1,453,580,783	$9,317,936	(depreciation)	(546,642)	-
			Net purchases (sales)	(2,000,000)	-
			Transfers in and/or out of Level 3	(5,353,074)	-
			Balance as of 3/31/08	$15,410,846	$-
Global Real Estate
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$286,422,132	-
Level 2 – Other Significant
Observable Inputs	309,820,231	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$596,242,363	$-
Growth & Income
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$1,690,892,424	-
Level 2 – Other Significant
Observable Inputs	2,111,000	-

Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,693,003,424	$-
Health Sciences
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 – Quoted Prices	$202,802,060	($5,678,894)	Balance as of 12/31/07	$333,080	-
Level 2 – Other Significant
Observable Inputs	24,713,881	(32,972)	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	184,360	-	Realized gain (loss)	-	-
			Change in unrealized appreciation
Total	$227,700,301	($5,711,866)	(depreciation)	(74,624)	-
			Net purchases (sales)	-	-
			Transfers in and/or out of Level 3	(74,096)	-
			Balance as of 3/31/08	$184,360	$-
High Income
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 – Quoted Prices	$37,567,475	-	Balance as of 12/31/07	$30,656,750	-
Level 2 – Other Significant
Observable Inputs	327,898,696	-	Accrued discounts/premiums	2,109	-
Level 3 – Significant
Unobservable Inputs	35,467,211	-	Realized gain (loss)	2,437	-
			Change in unrealized appreciation
Total	$400,933,382	$-	(depreciation)	(1,752,177)	-
			Net purchases (sales)	5,881,029	-
			Transfers in and/or out of Level 3	679,500	-
			Balance as of 3/31/08	$35,467,211	$-
High Yield
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 – Quoted Prices	$64,462,054	-	Balance as of 12/31/07	$1,531,721	-
Level 2 – Other Significant
Observable Inputs	1,771,165,364	-	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	4,225,273	-	Realized gain (loss)	-	-
			Change in unrealized appreciation
Total	$1,839,852,691	$-	(depreciation)	80,073	-
			Net purchases (sales)	2,613,479	-
			Transfers in and/or out of Level 3	-	-
			Balance as of 3/31/08	$4,225,273	$-
Income

	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$180,095,823	-
Level 2 – Other Significant
Observable Inputs	220,431,733	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$400,527,556	$-
Income & Value
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 – Quoted Prices	$283,053,916	-	Balance as of 12/31/07	$1,393,263	-
Level 2 – Other Significant
Observable Inputs	147,154,704	-	Accrued discounts/premiums	1,736	-
Level 3 – Significant
Unobservable Inputs	1,180,491	-	Realized gain (loss)	1	-
			Change in unrealized appreciation
Total	$431,389,111	$-	(depreciation)	(45,465)	-
			Net purchases (sales)	(4,850)	-
			Transfers in and/or out of Level 3	(164,194)	-
			Balance as of 3/31/08	$1,180,491	$-
Index Allocation
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 – Quoted Prices	$342,946,553	-
Level 2 - Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$342,946,553	$-
International Core
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$166,887,494	$1,398,788
Level 2 - Other Significant
Observable Inputs	1,482,704,866	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,649,592,360	$1,398,788

International Equity Index A
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$84,108,474	$229,263
Level 2 - Other Significant
Observable Inputs	288,718,675	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$372,827,149	$229,263
International Equity Index B
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$114,033,560	$204,473
Level 2 - Other Significant
Observable Inputs	400,733,882	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$ 514,767,442	$ 204,473
International Opportunities
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$265,742,348	-
Level 2 - Other Significant
Observable Inputs	701,189,508	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$ 966,931,856	$-
International Small Cap
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$76,410,469	-

Level 2 - Other Significant
Observable Inputs	477,945,940	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$554,356,409	$-
International Small Company
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 - Quoted Prices	$55,970,034	-	Balance as of 12/31/07	$114,786	-
Level 2 - Other Significant
Observable Inputs	182,633,334	-	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	90,590	-	Realized gain (loss)	(43)	-
			Change in unrealized appreciation
Total	$238,693,958	$-	(depreciation)	(24,153)	-
			Net purchases (sales)	-	-
			Transfers in and/or out of Level 3	-	-
			Balance as of 3/31/08	$90,590	$-
International Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$278,402,538	-
Level 2 - Other Significant
Observable Inputs	1,401,968,879	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,680,371,417	$-
Investment Quality Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	-	$802,199
Level 2 - Other Significant
Observable Inputs	$454,091,372	(61,491)
Level 3 – Significant
Unobservable Inputs	-	-
Total	$454,091,372	$740,708

Large Cap
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$630,178,542	-
Level 2 - Other Significant
Observable Inputs	5,908,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$636,086,542	$-
Large Cap Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$574,272,547	-
Level 2 - Other Significant
Observable Inputs	561,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$574,833,547	$-
Lifestyle Aggressive
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$514,456,012	-
Level 2 - Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$514,456,012	$-
Lifestyle Balanced
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$10,094,753,391	-
Level 2 - Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-

Total	$10,094,753,391	$-
Lifestyle Conservative
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$1,258,482,305	-
Level 2 - Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,258,482,305	$-
Lifestyle Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$13,187,763,199	-
Level 2 - Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$13,187,763,199	$-
Lifestyle Moderate
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$2,453,107,813	-
Level 2 - Other Significant
Observable Inputs	-	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$2,453,107,813	$-
Managed
	Investments in	Other Financial	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments	Securities	Instruments

Level 1 - Quoted Prices	$734,647,844	($51,188)	Balance as of 12/31/07	$24,568,024	-
Level 2 - Other Significant
Observable Inputs	603,417,676	(131,504)	Accrued discounts/premiums	2	-
Level 3 – Significant
Unobservable Inputs	21,340,638	-	Realized gain (loss)	(1,160)	-
			Change in unrealized appreciation
Total	$1,359,406,158	($182,692)	(depreciation)	(4,061,514)	-
			Net purchases (sales)	(158,837)	-
			Transfers in and/or out of Level 3	994,123	-
			Balance as of 3/31/08	$21,340,638	$-
Mid Cap Index
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$773,255,350	$406,428
Level 2 - Other Significant
Observable Inputs	30,644,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$803,899,350	$406,428
Mid Cap Intersection
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$246,410,643	-
Level 2 - Other Significant
Observable Inputs	7,330,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$253,740,643	$-
Mid Cap Stock
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$1,052,103,588	-
Level 2 - Other Significant
Observable Inputs	96,764,092	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,148,867,680	$-

Mid Cap Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$419,902,564	-
Level 2 - Other Significant
Observable Inputs	15,288,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$435,190,564	$-
Mid Cap Value Equity
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$124,234,598	-
Level 2 - Other Significant
Observable Inputs	1,396,947	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$125,631,545	$-
Mid Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$161,872,856	-
Level 2 - Other Significant
Observable Inputs	16,264,212	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$178,137,068	$-
Money Market
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	-	-
Level 2 - Other Significant
Observable Inputs	$3,580,475,584	-

Level 3 – Significant
Unobservable Inputs	-	-
Total	$3,580,475,584	$-
Money Market B
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	-	-
Level 2 - Other Significant
Observable Inputs	$636,734,320	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$636,734,320	$-
Mutual Shares
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 - Quoted Prices	$244,741,867	-	Balance as of 12/31/07	$1,439,712	-
Level 2 - Other Significant
Observable Inputs	164,604,108	-	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	2,048,911	-	Realized gain (loss)	-	-
			Change in unrealized appreciation
Total	$411,394,886	$-	(depreciation)	(328,319)	-
			Net purchases (sales)	937,518	-
			Transfers in and/or out of Level 3	-	-
			Balance as of 3/31/08	$2,048,911	$-
Natural Resources
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$730,978,983	-
Level 2 - Other Significant
Observable Inputs	159,552,276	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$890,531,259	$-
Overseas Equity

	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$163,741,714	-
Level 2 - Other Significant
Observable Inputs	418,142,182	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$581,883,896	$-
Pacific Rim
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$6,503,184	-
Level 2 - Other Significant
Observable Inputs	131,235,416	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$137,738,600	$-
Quantitative All Cap
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$363,202,144	-
Level 2 - Other Significant
Observable Inputs	4,110,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$367,312,144	$-
Quantitative Mid Cap
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$30,380,583	-
Level 2 - Other Significant
Observable Inputs	908,000	-

Level 3 – Significant
Unobservable Inputs	-	-
Total	$31,288,583	$-
Quantitative Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$787,122,862	-
Level 2 - Other Significant
Observable Inputs	13,970,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$801,092,862	$-
Real Estate Equity
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$245,793,964	-
Level 2 - Other Significant
Observable Inputs	19,287,713	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$265,081,677	$-
Real Estate Securities
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$644,152,063	-
Level 2 - Other Significant
Observable Inputs	11,386,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$655,538,063	$-

Real Return Bond
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 - Quoted Prices	$1,095,685	$7,133,785	Balance as of 12/31/07	$31,534,062	-
Level 2 - Other Significant
Observable Inputs	1,783,108,786	(8,925,107)	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	18,622,988	-	Realized gain (loss)	-	-
			Change in unrealized appreciation
Total	$1,802,827,459	($1,791,322)	(depreciation)	1,374,985	-
			Net purchases (sales)	600,000	-
			Transfers in and/or out of Level 3	(14,886,059)	-
			Balance as of 3/31/08	$18,622,988	$-
Science & Technology
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$284,350,362	-
Level 2 - Other Significant
Observable Inputs	46,651,425	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$331,001,787	$-
Short-Term Bond
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 - Quoted Prices	-	-	Balance as of 12/31/07	$20,993,294	-
Level 2 - Other Significant
Observable Inputs	$215,231,571	$32,158	Accrued discounts/premiums	3,250	-
Level 3 – Significant
Unobservable Inputs	20,336,363	-	Realized gain (loss)	3,739	-
			Change in unrealized appreciation
Total	$235,567,934	$32,158	(depreciation)	(2,875,661)	-
			Net purchases (sales)	(238,563)	-
			Transfers in and/or out of Level 3	2,450,304	-
			Balance as of 3/31/08	$20,336,363	$-
Small Cap
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$119,398,356	$929,760
Level 2 - Other Significant
Observable Inputs	20,644,000	-
Level 3 – Significant
Unobservable Inputs	-	-

Total	$140,042,356	$929,760
Small Cap Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$283,172,347	-
Level 2 - Other Significant
Observable Inputs	6,855,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$290,027,347	$-
Small Cap Index
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 - Quoted Prices	$408,321,893	$364,253	Balance as of 12/31/07	$26,140	-
Level 2 - Other Significant
Observable Inputs	16,862,000	-	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	917	-	Realized gain (loss)	(483,432)	-
			Change in unrealized appreciation
Total	$425,184,810	$364,253	(depreciation)	491,909	-
			Net purchases (sales)	(33,700)	-
			Transfers in and/or out of Level 3		-
			Balance as of 3/31/08	$917	$-
Small Cap Intrinsic Value
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 - Quoted Prices	$116,595,514	-	Balance as of 12/31/07	-	-
Level 2 - Other Significant
Observable Inputs	1,467,555	-	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	334,242	-	Realized gain (loss)	-	-
			Change in unrealized appreciation
Total	$118,397,311	$-	(depreciation)	($1,857)	-
			Net purchases (sales)	336,099	-
			Transfers in and/or out of Level 3	-	-
			Balance as of 3/31/08	$334,242	$-
Small Cap Opportunities

	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 - Quoted Prices	$321,889,714	-	Balance as of 12/31/07	$653,100	-
Level 2 - Other Significant
Observable Inputs	426,000	-	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	559,800	-	Realized gain (loss)	-	-
			Change in unrealized appreciation
Total	$322,875,514	$-	(depreciation)	(93,300)	-
			Net purchases (sales)	-	-
			Transfers in and/or out of Level 3	-	-
			Balance as of 3/31/08	$559,800	$-
Small Cap Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$423,597,087	-
Level 2 - Other Significant
Observable Inputs	11,711,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$435,308,087	$-
Small Company
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$41,647,629	-
Level 2 - Other Significant
Observable Inputs	170,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$41,817,629	$-
Small Company Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$258,500,410	-
Level 2 - Other Significant
Observable Inputs	2,901,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$261,401,410	$-

Small Company Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$617,541,772	-
Level 2 - Other Significant
Observable Inputs	14,779,829	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$632,321,601	$-
Spectrum Income
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 - Quoted Prices	$177,854,004	$119,519	Balance as of 12/31/07	$503,732	-
Level 2 - Other Significant
Observable Inputs	975,145,250	24,319	Accrued discounts/premiums	138	-
Level 3 – Significant
Unobservable Inputs	2,111,197	-	Realized gain (loss)	7,205	-
			Change in unrealized appreciation
Total	$1,155,110,451	$143,838	(depreciation)	(257,844)	-
			Net purchases (sales)	1,857,966	-
			Transfers in and/or out of Level 3	-	-
			Balance as of 3/31/08	$2,111,197	$-
Strategic Bond
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 - Quoted Prices	$17,065,850	($5,022,338)	Balance as of 12/31/07	$19,186,503	-
Level 2 - Other Significant
Observable Inputs	766,642,995	-	Accrued discounts/premiums	1,161	-
Level 3 – Significant
Unobservable Inputs	17,073,942	-	Realized gain (loss)	2,407	-
			Change in unrealized appreciation
Total	$800,782,787	($5,022,338)	(depreciation)	(1,249,804)	-
			Net purchases (sales)	(538,300)	-
			Transfers in and/or out of Level 3	(328,025)	-
			Balance as of 3/31/08	$17,073,942	$-
Strategic Income

	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 - Quoted Prices	$10,218,259	($279,549)	Balance as of 12/31/07	$14,252,562	-
Level 2 - Other Significant
Observable Inputs	464,267,947	-	Accrued discounts/premiums	31	-
Level 3 – Significant
Unobservable Inputs	12,641,246	-	Realized gain (loss)	5,765	-
			Change in unrealized appreciation
Total	$487,127,452	($279,549)	(depreciation)	(625,464)	-
			Net purchases (sales)	(991,648)	-
			Transfers in and/or out of Level 3	-	-
			Balance as of 3/31/08	$12,641,246	$-
Total Bond Market A
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	-	-
Level 2 - Other Significant
Observable Inputs	$172,585,767	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$172,585,767	$-
Total Bond Market B
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	-	-
Level 2 - Other Significant
Observable Inputs	$175,592,623	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$175,592,623	$-
Total Return
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$10,202,400	$55,503,371
Level 2 - Other Significant
Observable Inputs	2,870,452,995	(30,327,899)
Level 3 – Significant
Unobservable Inputs	-	-

Total	$2,880,655,395	$25,175,472
Total Stock Market Index
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$433,235,159	$34,342
Level 2 - Other Significant
Observable Inputs	11,785,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$445,020,159	$34,342
U.S. Core
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$645,861,760	-
Level 2 - Other Significant
Observable Inputs	7,209,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$653,070,760	$-
U.S. Global Leaders Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$45,887,052	-
Level 2 - Other Significant
Observable Inputs	868,232	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$46,755,284	$-
U.S. Government Securities
	Investments in	Other Financial	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments	Securities	Instruments

Level 1 - Quoted Prices	$1,728,285	$874,126	Balance as of 12/31/07	$12,245,746	-
Level 2 - Other Significant
Observable Inputs	496,027,201	-	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	11,125,349	-	Realized gain (loss)	6,134	-
			Change in unrealized appreciation
Total	$508,880,835	$874,126	(depreciation)	(473,769)	-
			Net purchases (sales)	(652,762)	-
			Transfers in and/or out of Level 3	-	-
			Balance as of 3/31/08	$11,125,349	$-
U.S. High Yield Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$5,739,193	-
Level 2 - Other Significant
Observable Inputs	429,778,274	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$435,517,467	$-
U.S. Large Cap
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$859,020,257	-
Level 2 - Other Significant
Observable Inputs	27,622,815	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$886,643,072	$-
U.S. Multi Sector
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$1,564,545,091	($248,625)
Level 2 - Other Significant
Observable Inputs	51,951,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$1,616,496,091	($248,625)
Utilities

	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$181,808,679	-
Level 2 - Other Significant
Observable Inputs	63,465,967	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$245,274,646	$-
Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$285,481,585	-
Level 2 - Other Significant
Observable Inputs	5,415,000	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$290,896,585	$-
Value & Restructuring
	Investments in	Other Financial		Investments in	Other Financial
Valuation Inputs:	Securities	Instruments		Securities	Instruments
Level 1 - Quoted Prices	$435,850,577	-	Balance as of 12/31/07	$829,099	-
Level 2 - Other Significant
Observable Inputs	11,642,899	-	Accrued discounts/premiums	-	-
Level 3 – Significant
Unobservable Inputs	790,099	-	Realized gain (loss)	-	-
			Change in unrealized appreciation
Total	$448,283,575	$-	(depreciation)	(39,000)	-
			Net purchases (sales)	-	-
			Transfers in and/or out of Level 3	-	-
			Balance as of 3/31/08	$790,099	$-
Vista
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments
Level 1 - Quoted Prices	$108,819,960	-
Level 2 - Other Significant
Observable Inputs	9,702,933	-
Level 3 – Significant
Unobservable Inputs	-	-
Total	$118,522,893	$-

In March 2008, FASB No. 161 (FAS 161), Disclosures about Derivative Instruments and Hedging Activities, an amendment of FASB Statement No. 133 (FAS 133), was issued and is effective for fiscal years beginning after November 15, 2008. FAS 161 amends and expands the disclosure requirements of FAS 133 in order to provide financial statement users an understanding of a company’s use of derivative instruments, how derivative instruments are accounted for under FAS 133 and related interpretations and how these instruments affect a company’s financial position, performance, and cash flows. FAS 161 requires companies to disclose information detailing the objectives and strategies for using derivative instruments, the level of derivative activity entered into by the company, and any credit risk-related contingent features of the agreements. Management is currently evaluating the adoption of FAS 161 on the Fund’s financial statement disclosures.

Repurchase Agreements Each Portfolio may enter into repurchase agreements. When a Portfolio enters into a repurchase agreement through its custodian, it receives delivery of securities, the amount of which at the time of purchase and each subsequent business day is required to be maintained at such a level that the market value is generally at least 102% of the repurchase amount. Each Portfolio will take constructive receipt of all securities underlying the repurchase agreements 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 underlying securities were less than the repurchase amount. Each Portfolio may enter into repurchase agreements maturing within seven days with domestic dealers, banks or other financial institutions deemed to be creditworthy by the Adviser. Collateral for certain tri-party repurchase agreements is held at the custodian bank in a segregated account for the benefit of the Portfolio and the counterparty.

Foreign Currency Transactions The books and records of the Portfolios are maintained in U.S. dollars. Investment securities and other assets and liabilities denominated in a foreign currency are translated into U.S. dollars at the prevailing exchange rates at period end. Purchases and sales of investment securities, income and expenses are translated into U.S. dollars at the prevailing exchange rates on the respective dates of the transactions.

Net realized and unrealized gains and losses on foreign currency transactions represent net gains and losses between trade and settlement dates on securities transactions, the disposition of forward foreign currency exchange contracts and foreign currencies, and the difference between the amount of net investment income accrued and the U.S. dollar amount actually received. That portion of both realized and unrealized gains and losses on investments that results from fluctuations in foreign currency exchange rates is not separately disclosed but is included with net realized and unrealized gain/appreciation and loss/depreciation on investments.

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 investment income, net realized gains and net unrealized appreciation.

Certain Portfolios invest in securities of issuers based in countries with emerging markets or economies and may, therefore, be subject to greater market risk than funds that invest principally in securities of issuers in more developed countries. Emerging markets securities may be more volatile and less liquid than securities of issuers in developed countries and may be subject to substantial currency fluctuations and affected by sudden economic, social and political developments in the emerging market country. The securities markets of emerging countries may have less government regulation and may be subject to less extensive accounting and financial reporting requirements than the securities markets of more developed countries. Emerging market countries may have currency controls 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.

Options All Portfolios, with the exception of JHT American Portfolios. JHT Lifestyle Portfolios, Money Market, Money Market B, Franklin Templeton Founding Allocation, may purchase and sell put and call options on securities (whether or not it holds the securities in its portfolio), securities indices, currencies and futures contracts.

When a Portfolio writes a put or call option, an amount equal to the premium received 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 offsetting purchase option, the Portfolio realizes a gain (or loss if the cost of an offsetting purchase option exceeds the premium received when the option was written). If a written call option is exercised, the Portfolio realizes a gain or loss from the sale of the underlying security with the proceeds of the sale increased by the premium originally received. If a written put option is exercised, the amount of the premium originally received reduces the cost of the security that the Portfolio purchases upon exercise of the option.

When a Portfolio purchases 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 Portfolio realizes a loss for the cost of the option. If a Portfolio enters into a closing sale transaction, the Portfolio realizes a gain or loss, depending on whether proceeds from the closing sale transaction are greater or less than the original cost of the option. If a Portfolio exercises a call option, the cost of the securities acquired by exercising the call is increased by the premium paid to buy the call. If a Portfolio exercises a put option, it realizes a gain or loss from the sale of the underlying security and the proceeds from such sale are decreased by the premium originally paid.

The Portfolios may use options to manage exposure to fluctuations in currency values. Writing puts and buying calls may increase the Portfolio’s exposure to the underlying instrument. Buying puts and writing calls may decrease the Portfolio’s exposure to the underlying instrument. Losses may arise from changes in the value of the underlying instruments, 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 March 31, 2008:

The following is a summary of written options outstanding as of March 31, 2008:

Written Option on Securities
				Notional
Portfolio	Name of Issuer	Strike Price	Expiration Date	Amount	Premium	Value
Global Bond	Calls
	FNCL 5.5 % 30-Year TBA	$101.00	May 2008	$27,000,000	$132,890	($67,095)
				$27,000,000	$132,890	($67,095)
Health Sciences	Calls
	Alcon, Inc.	$170.00	Jan 2009	$14	$13,880	($8,540)
	Alexion Pharmaceuticals, Inc.	75.00	Apr 2008	57	5,768	(798)
	Alexion Pharmaceuticals, Inc.	90.00	May 2008	52	11,373	(1,300)
	Alexion Pharmaceuticals, Inc.	70.00	May 2008	26	4,342	(4,290)
	Allergan, Inc.	65.00	Jul 2008	56	13,715	(5,600)
	Allergan, Inc.	70.00	Jan 2009	25	4,925	(4,688)
	AMAG Pharmaceuticals, Inc.	45.00	Aug 2008	20	7,940	(8,200)
	Amgen, Inc.	50.00	Jul 2008	135	33,854	(11,880)
	Amgen, Inc.	50.00	Jan 2009	81	34,020	(20,250)
	Amgen, Inc.	60.00	Jan 2009	131	25,542	(8,122)
	Amylin Pharmaceuticals, Inc.	35.00	Jul 2008	125	33,374	(20,625)
	Assurant, Inc.	80.00	Jan 2009	31	12,056	(4,418)
	Assurant, Inc.	70.00	Jan 2009	51	16,794	(18,870)
	Baxter International, Inc.	70.00	May 2008	125	12,437	(1,250)
	Baxter International, Inc.	65.00	Aug 2008	28	5,656	(8,400)
	Baxter International, Inc.	70.00	Jan 2009	40	6,680	(6,700)
	Biocryst Pharmaceuticals, Inc.	5.00	Jun 2008	188	21,198	(13,160)
	Biogen Idec, Inc.	60.00	Jul 2008	25	12,781	(16,500)
	BioMarin Pharmaceutical, Inc.	40.00	Apr 2008	63	9,261	(1,890)
	BioMarin Pharmaceutical, Inc.	45.00	Apr 2008	84	10,410	(420)
	Cardinal Health, Inc.	65.00	Sep 2008	104	26,058	(6,240)
	Cardinal Health, Inc.	60.00	Sep 2008	11	3,300	(1,568)
	Cardinal Health, Inc.	70.00	Jan 2009	41	7,052	(2,358)
	Celgene Corp.	85.00	May 2008	63	8,631	(630)
	Celgene Corp.	70.00	May 2008	39	5,608	(6,045)
	Celgene Corp.	60.00	Jul 2008	31	8,742	(20,770)
	Celgene Corp.	75.00	Jul 2008	94	37,316	(12,690)
	Celgene Corp.	65.00	Jul 2008	32	9,854	(12,800)
	Celgene Corp.	70.00	Jan 2009	63	25,011	(34,775)
	Cerner Corp.	45.00	Jun 2008	84	23,898	(3,780)
	Cigna Corp.	60.00	Jan 2009	84	22,716	(6,090)
	Community Health Systems, Inc.	40.00	Jun 2008	125	24,372	(5,000)

Community Health Systems, Inc.	35.00	Sep 2008	40	8,680	(12,300)
Covance, Inc.	105.00	May 2008	125	19,000	(1,875)
Covance, Inc.	85.00	May 2008	40	9,080	(8,800)
Covance, Inc.	90.00	Jan 2009	27	13,689	(15,120)
CVS Caremark Corp.	40.00	May 2008	188	24,816	(39,480)
CVS Caremark Corp.	45.00	Jan 2009	84	16,438	(21,000)
Elan Corp. PLC	21.00	Apr 2008	77	7,469	(7,700)
Elan Energy, Inc.	35.00	Jul 2008	66	9,717	(2,310)
Eli Lilly & Company	55.00	Apr 2008	35	7,245	(630)
Eli Lilly & Company	60.00	Jul 2008	31	7,967	(1,550)
Eli Lilly & Company	55.00	Jul 2008	27	2,389	(4,725)
Genentech, Inc.	85.00	Jun 2008	69	17,751	(19,320)
Gilead Sciences, Inc.	57.50	Aug 2008	54	9,558	(9,990)
Gilead Sciences, Inc.	52.50	Aug 2008	39	5,987	(15,249)
Healthways, Inc.	80.00	Jan 2009	11	5,539	(550)
Humana, Inc.	70.00	Aug 2008	54	21,503	(2,565)
Humana, Inc.	55.00	Aug 2008	36	8,657	(8,640)
Imclone Systems, Inc.	50.00	May 2008	51	10,258	(5,355)
Imclone Systems, Inc.	60.00	Jan 2009	56	10,905	(9,800)
Intuitive Surgical, Inc.	370.00	Jul 2008	17	39,312	(41,480)
Intuitive Surgical, Inc.	400.00	Jan 2009	5	17,535	(16,825)
Invitrogen Corp.	90.00	May 2008	22	5,874	(5,940)
Laboratory Corp. of America Holdings	90.00	Jan 2009	84	26,208	(15,120)
LifePoint Hospitals, Inc.	30.00	Aug 2008	40	5,280	(5,900)
Monsanto Company	130.00	Apr 2008	56	31,192	(4,480)
Monsanto Company	150.00	Jul 2008	27	13,689	(5,940)
Monsanto Company	150.00	Jan 2009	56	50,883	(40,879)
NightHawk Radiology Holdings, Inc.	22.50	Jun 2008	125	11,782	(2,500)
Onyx Pharmaceuticals, Inc.	55.00	May 2008	111	35,221	(1,110)
OSI Pharmaceuticals, Inc.	40.00	Apr 2008	31	7,255	(2,325)
Psychiatric Solutions, Inc.	35.00	Sep 2008	28	7,284	(8,120)
ResMed, Inc.	50.00	Apr 2008	94	28,858	(1,410)
ResMed, Inc.	55.00	Jul 2008	31	7,644	(543)
ResMed, Inc.	60.00	Jul 2008	94	11,938	(1,410)
Schein Henry, Inc.	65.00	Apr 2008	74	8,127	(740)
Schein Henry, Inc.	65.00	Jul 2008	74	18,100	(4,625)
Schein Henry, Inc.	70.00	Jan 2009	14	3,318	(1,680)
Schering-Plough Corp.	30.00	May 2008	125	12,815	(625)
Schering-Plough Corp.	22.50	May 2008	94	10,293	(470)
Stereotaxis, Inc.	17.50	Jun 2008	63	10,997	(315)
Stryker Corp.	65.00	Jun 2008	54	10,368	(20,520)
Teva Pharmaceutical Industries, Ltd.	52.50	Jun 2008	125	18,818	(5,250)
Teva Pharmaceutical Industries, Ltd.	55.00	Jan 2009	111	19,092	(13,875)
United Therapeutics Corp.	100.00	Aug 2008	19	9,371	(9,785)
Walgreens Company	45.00	Jan 2009	111	13,542	(14,430)
WellPoint, Inc.	60.00	Jan 2009	40	9,480	(6,400)
Xenoport, Inc.	75.00	Sep 2008	84	32,506	(6,090)
Zimmer Holdings, Inc.	80.00	Jun 2008	63	13,196	(21,420)
Zimmer Holdings, Inc.	80.00	Jan 2009	44	14,828	(31,680)
			$5,154	$1,220,018	($757,493)

Puts
Abbott Labs	60.00	May 2008	$13	$10,361	($7,215)
Abbott Labs	60.00	Jan 2009	25	19,925	(20,875)
Aetna, Inc.	55.00	Jan 2009	33	19,359	(46,035)
Aetna, Inc.	60.00	Jan 2009	21	19,705	(38,325)
Affymetrix, Inc.	30.00	Jan 2009	33	16,431	(41,415)
Alcon, Inc.	140.00	Jan 2009	35	58,567	(50,925)
Alexion Pharmaceuticals, Inc.	60.00	Apr 2008	14	11,577	(4,340)
Alexion Pharmaceuticals, Inc.	65.00	May 2008	24	17,848	(20,160)
Alexion Pharmaceuticals, Inc.	70.00	May 2008	52	46,968	(62,400)
Alexion Pharmaceuticals, Inc.	75.00	May 2008	9	10,953	(14,670)
Alexion Pharmaceuticals, Inc.	65.00	Aug 2008	26	27,462	(29,900)
Alexion Pharmaceuticals, Inc.	65.00	Jan 2009	31	38,566	(42,780)
Alexion Pharmaceuticals, Inc.	70.00	Jan 2009	30	43,570	(51,000)
Alexion Pharmaceuticals, Inc.	50.00	Jan 2009	7	5,579	(4,445)
Alkermes, Inc.	20.00	Jan 2009	27	18,978	(21,870)
Allergan, Inc.	65.00	Jan 2009	33	23,001	(36,135)
Amgen, Inc.	35.00	Jan 2009	8	2,456	(1,984)
Amylin Pharmaceuticals, Inc.	35.00	Jul 2008	18	6,546	(13,140)
Amylin Pharmaceuticals, Inc.	35.00	Jan 2009	15	7,915	(13,125)
Amylin Pharmaceuticals, Inc.	40.00	Jan 2009	15	12,205	(18,525)
Amylin Pharmaceuticals, Inc.	30.00	Jan 2009	22	10,934	(12,650)
Applied Biosystems Group	30.00	Jan 2009	1	297	(215)
Arthocare	60.00	Jun 2008	47	51,236	(132,540)
Arthocare	55.00	Jun 2008	47	36,583	(109,510)
Arthrocare	40.00	Sep 2008	12	10,164	(12,960)
Assurant, Inc.	70.00	Jan 2009	94	94,240	(115,150)
Baxter International, Inc.	65.00	Aug 2008	8	6,536	(6,640)
Baxter International, Inc.	65.00	Jan 2009	42	37,423	(40,950)
Becton, Dickinson and Company	85.00	Jun 2008	25	17,675	(8,250)
Biogen Idec, Inc.	75.00	Apr 2008	50	43,197	(67,250)
Biogen Idec, Inc.	55.00	Jul 2008	2	1,014	(480)
Biogen Idec, Inc.	55.00	Jan 2009	32	22,624	(17,600)
BioMarin Pharmaceutical, Inc.	40.00	Apr 2008	17	4,709	(8,330)
BioMarin Pharmaceutical, Inc.	25.00	Jan 2009	63	32,192	(15,750)
BioMarin Pharmaceutical, Inc.	40.00	Jan 2009	31	25,947	(33,015)
BioMarin Pharmaceutical, Inc.	35.00	Jan 2009	3	2,691	(2,310)
Boston Scientific Corp.	12.50	Jan 2009	28	5,796	(5,320)
C.R. Barr, Inc.	80.00	Jan 2009	19	12,673	(5,795)
C.R. Barr, Inc.	100.00	Jan 2009	9	10,173	(9,675)
Cardinal Health, Inc.	60.00	Sep 2008	32	12,780	(27,680)
Cardinal Health, Inc.	70.00	Jan 2009	25	26,925	(44,500)
Celgene Corp.	55.00	Jul 2008	18	15,726	(5,760)
Celgene Corp.	60.00	Jul 2008	22	18,450	(11,000)
Celgene Corp.	70.00	Jan 2009	28	44,160	(38,360)
Celgene Corp.	50.00	Jan 2009	21	21,547	(9,660)
Cephalon, Inc.	75.00	May 2008	33	16,592	(36,960)
Cephalon, Inc.	60.00	Jan 2009	6	4,182	(3,240)
Cephalon, Inc.	70.00	Jan 2009	32	18,269	(32,480)
Cephalon, Inc.	80.00	Jan 2009	32	31,652	(54,560)

Cerner Corp.	60.00	Jan 2009	13	11,531	(29,640)
Charles River Laboratories International,
Inc.	65.00	May 2008	38	16,986	(25,270)
Charles River Laboratories International,
Inc.	65.00	Jan 2009	13	7,241	(11,115)
Charles River Laboratories International,
Inc.	70.00	Jan 2009	11	10,667	(13,255)
Cigna Corp.	55.00	Apr 2008	1	617	(1,445)
Cigna Corp.	50.00	Jan 2009	15	11,415	(16,800)
Cigna Corp.	55.00	Jan 2009	19	15,713	(28,785)
Cigna Corp.	60.00	Jan 2009	20	20,670	(39,100)
Cigna Corp.	40.00	Jan 2009	13	7,013	(6,500)
Community Health Systems, Inc.	35.00	Sep 2008	42	16,254	(16,170)
Community Health Systems, Inc.	35.00	Jan 2009	13	6,751	(6,500)
Covance, Inc.	80.00	Jan 2009	32	23,539	(20,160)
Covance, Inc.	90.00	Jan 2009	16	14,412	(18,080)
Coventry Health Care, Inc.	50.00	Jan 2009	7	5,749	(7,840)
Covidien, Ltd.	40.00	Jul 2008	38	12,616	(3,990)
Covidien, Ltd.	45.00	Jul 2008	13	5,280	(3,705)
Cubist Pharmaceuticals, Inc.	20.00	Jan 2009	51	17,985	(18,615)
CVS Caremark Corp.	40.00	May 2008	33	6,572	(4,950)
CVS Caremark Corp.	45.00	Jan 2009	79	48,302	(51,350)
CVS Caremark Corp.	40.00	Jan 2009	33	14,254	(12,705)
Davita, Inc.	50.00	Jan 2009	13	7,961	(8,125)
Dentsply International, Inc.	45.00	Apr 2008	40	19,480	(25,600)
Dentsply International, Inc.	45.00	Jul 2008	13	6,675	(8,710)
Dentsply International, Inc.	45.00	Jan 2009	56	35,892	(40,880)
Elan Corp., PLC	22.50	Jan 2009	63	32,570	(37,170)
Eli Lilly & Company	50.00	Apr 2008	37	7,547	(2,035)
Eli Lilly & Company	50.00	Jul 2008	33	10,461	(8,333)
Eli Lilly & Company	50.00	Jan 2009	33	16,401	(14,850)
Express Scripts, Inc.	65.00	Jan 2009	38	35,047	(31,540)
Genentech, Inc.	75.00	Jun 2008	11	3,267	(2,255)
Genentech, Inc.	70.00	Jan 2009	25	20,272	(8,500)
Gen-Probe, Inc.	50.00	Jan 2009	28	15,216	(18,060)
Genzyme Corp.	75.00	Jan 2009	12	9,924	(10,080)
Gilead Sciences, Inc.	50.00	May 2008	20	7,140	(3,780)
Gilead Sciences, Inc.	52.50	May 2008	26	13,812	(8,320)
Gilead Sciences, Inc.	45.00	Aug 2008	43	19,771	(7,439)
Gilead Sciences, Inc.	47.50	Aug 2008	28	15,036	(6,860)
Gilead Sciences, Inc.	52.50	Aug 2008	26	16,666	(11,960)
Gilead Sciences, Inc.	42.50	Jan 2009	13	9,321	(3,315)
Gilead Sciences, Inc.	45.00	Jan 2009	31	16,777	(10,230)
Gilead Sciences, Inc.	47.50	Jan 2009	16	11,872	(6,560)
Gilead Sciences, Inc.	52.50	Jan 2009	31	25,887	(19,685)
Gilead Sciences, Inc.	55.00	Jan 2009	41	40,148	(31,775)
Health Net, Inc.	50.00	Jan 2009	55	29,535	(106,700)
Health Net, Inc.	55.00	Jan 2009	3	1,941	(7,290)
Health Net, Inc.	35.00	Jan 2009	23	14,881	(16,560)
Healthways, Inc.	30.00	Jan 2009	28	13,957	(10,080)
Healthways, Inc.	35.00	Jan 2009	19	11,775	(10,070)

Humana, Inc.	70.00	Jan 2009	28	24,902	(72,100)
Humana, Inc.	80.00	Jan 2009	18	25,555	(63,270)
Idexx Laboratories, Inc.	60.00	Jan 2009	36	15,120	(41,220)
Illumina, Inc.	70.00	Jan 2009	64	67,927	(55,040)
Illumina, Inc.	75.00	Jan 2009	9	12,003	(9,900)
Illumina, Inc.	80.00	Jan 2009	9	14,643	(12,285)
Imclone Systems, Inc.	45.00	May 2008	14	8,078	(6,860)
Imclone Systems, Inc.	40.00	Jan 2009	26	20,712	(14,170)
Imclone Systems, Inc.	50.00	Jan 2009	21	22,277	(23,205)
Immucor Corp.	30.00	Jan 2009	20	7,495	(19,400)
Immucor Corp.	35.00	Jan 2009	33	21,466	(46,035)
Immucor Corp.	20.00	Jan 2009	13	4,174	(3,868)
Intermune, Inc.	25.00	Jan 2009	169	228,028	(226,460)
Intuitive Surgical, Inc.	300.00	Jan 2009	6	46,301	(27,414)
Invitrogen Corp.	85.00	May 2008	31	21,297	(13,330)
Laboratory Corp. of America Holdings	75.00	Jan 2009	13	6,710	(8,970)
Laboratory Corp. of America Holdings	80.00	Jan 2009	10	7,439	(9,650)
Laboratory Corp. of America Holdings	85.00	Jan 2009	12	10,684	(3,450)
LifePoint Hospitals, Inc.	30.00	Aug 2008	74	26,098	(28,490)
Mckesson Corp.	60.00	Jan 2009	13	10,101	(13,000)
Medco Health Solutions, Inc.	45.00	Jan 2009	13	7,836	(8,125)
Medicines Company	20.00	Jul 2008	63	21,578	(25,200)
Medtronic, Inc.	50.00	Jan 2009	13	7,241	(6,435)
Merck & Company, Inc.	65.00	Jul 2008	8	6,136	(21,640)
Merck & Company, Inc.	50.00	Jan 2009	50	34,690	(68,000)
Millennium Pharmaceuticals, Inc.	15.00	Jan 2009	123	30,073	(27,675)
Millennium Pharmaceuticals, Inc.	20.00	Jan 2009	38	20,026	(20,710)
Millipore Corp.	80.00	Jan 2009	32	28,384	(45,440)
Monsanto Company	100.00	Jul 2008	7	7,634	(6,160)
Monsanto Company	80.00	Jan 2009	44	54,634	(31,240)
Monsanto Company	130.00	Jan 2009	77	238,339	(234,849)
Monsanto Company	125.00	Jan 2009	61	159,118	(166,530)
Onyx Pharmaceuticals, Inc.	50.00	May 2008	27	26,659	(56,970)
Onyx Pharmaceuticals, Inc.	30.00	Jan 2009	38	37,125	(24,890)
Onyx Pharmaceuticals, Inc.	45.00	Jan 2009	61	79,934	(107,665)
Onyx Pharmaceuticals, Inc.	50.00	Jan 2009	41	64,530	(90,405)
Onyx Pharmaceuticals, Inc.	60.00	Jan 2009	17	32,624	(53,210)
Onyx Pharmaceuticals, Inc.	35.00	Jan 2009	37	40,252	(36,815)
OSI Pharmaceuticals, Inc.	30.00	Jan 2009	38	19,442	(15,390)
Pfizer, Inc.	25.00	Jan 2009	63	15,008	(32,697)
Schein Henry, Inc.	60.00	Jan 2009	30	17,480	(18,600)
Schering-Plough Corp.	35.00	Jan 2009	30	25,480	(61,350)
Schering-Plough Corp.	30.00	Jan 2009	51	28,273	(80,070)
Shire PLC	75.00	Jan 2009	13	15,691	(24,505)
St. Jude Medical, Inc.	40.00	Jan 2009	17	8,054	(5,270)
Stereotaxis, Inc.	10.00	Jun 2008	2	614	(860)
Stryker Corp.	75.00	Jan 2009	66	55,111	(80,520)
Stryker Corp.	70.00	Jan 2009	13	9,581	(11,700)
Teva Pharmaceutical Industries, Ltd.	50.00	Jan 2009	44	28,028	(27,940)
Teva Pharmaceutical Industries, Ltd.	55.00	Jan 2009	8	6,376	(7,880)
Teva Pharmaceutical Industries, Ltd.	45.00	Jan 2009	32	17,784	(11,520)

Unitedhealth Group, Inc.	45.00	Jan 2009	50	22,680	(56,000)
Vertex Pharmaceuticals, Inc.	30.00	Jan 2009	51	37,366	(46,920)
Vertex Pharmaceuticals, Inc.	35.00	Jan 2009	24	27,261	(30,840)
Walgreen Company	40.00	Jan 2009	147	54,958	(69,090)
Walgreen Company	45.00	Jan 2009	74	50,057	(58,460)
Waters Corp.	60.00	Jan 2009	39	25,167	(32,370)
Wellcare Health Plans, Inc.	35.00	Jan 2009	95	126,007	(57,950)
WellPoint, Inc.	45.00	Jan 2009	13	6,976	(7,930)
WellPoint, Inc.	80.00	Jan 2009	22	19,696	(78,760)
WellPoint, Inc.	70.00	Jan 2009	11	6,027	(28,490)
Wyeth	50.00	Jan 2009	80	59,294	(85,200)
Wyeth	40.00	Jan 2009	38	22,231	(17,670)
Zimmer Holdings, Inc.	75.00	Jun 2008	6	2,592	(1,974)
Zimmer Holdings, Inc.	85.00	Jun 2008	8	5,896	(6,840)
Zimmer Holdings, Inc.	90.00	Jan 2009	24	26,347	(34,560)
Zimmer Holdings, Inc.	75.00	Jan 2009	6	4,092	(3,510)
Zimmer Holdings, Inc.	85.00	Jan 2009	8	8,216	(8,840)
			$5,047	$4,046,766	($4,954,373)

Written Options on Exchange-Traded Futures Contracts

Fund	Name of Issuer	Exercise Price	Expiration Date	Contracts	Premium	Value
Global Bond	Calls
	U.S. Treasury 10-Year Note Futures	$119.50	Apr 2008	570	$426,825	($507,656)
	U.S. Treasury 10-Year Note Futures	120.00	Apr 2008	395	291,591	(277,734)
	U.S. Treasury 10-Year Note Futures	121.00	May 2008	166	150,022	(140,063)
	U.S. Treasury 10-Year Note Futures	121.50	May 2008	137	87,423	(98,469)
	U.S. Treasury 10-Year Note Futures	118.50	May 2008	77	80,417	(141,969)
				1,345	$1,036,278	($1,165,891)
	Puts
	U.S. Treasury 10-Year Note Futures	$113.00	Apr 2008	166	$111,116	($2,594)
	U.S. Treasury 10-Year Note Futures	117.00	Apr 2008	162	113,501	(63,281)
	U.S. Treasury 10-Year Note Futures	114.50	Apr 2008	159	121,337	(9,937)
	U.S. Treasury 10-Year Note Futures	118.00	Apr 2008	133	103,574	(93,515)
	U.S. Treasury 10-Year Note Futures	117.50	Apr 2008	131	97,922	(69,594)
	U.S. Treasury 10-Year Note Futures	116.00	May 2008	135	126,225	(71,719)
	U.S. Treasury 10-Year Note Futures	113.00	May 2008	78	88,774	(10,969)
				964	$762,449	($321,609)
Real Return Bond	Calls
	U.S. Treasury 10-Year Note Futures	$118.00	May 2008	235	$262,538	($499,375)
	U.S. Treasury 10-Year Note Futures	121.00	May 2008	93	104,392	(78,469)
	U.S. Treasury 10-Year Note Futures	119.00	May 2008	60	72,037	(96,562)
	U.S. Treasury 30-Year Bond Futures	122.00	May 2008	157	253,623	(181,531)
				545	$692,590	($855,937)
	Puts

	U.S. Treasury 10-Year Futures	$114.00	May 2008	120	$147,825	($26,250)
	U.S. Treasury 10-Year Futures	112.00	May 2008	115	121,900	(12,578)
				235	$269,725	($38,828)
Strategic Bond	Calls
	U.S. Treasury 10-Year Note Futures	$118.00	May 2008	531	$582,486	($1,128,375)
	U.S. Treasury 10-Year Note Futures	117.00	May 2008	102	98,209	(282,094)
	U.S. Treasury 10-Year Note Futures	123.00	May 2008	19	11,186	(8,015)
	U.S. Treasury 30-Year Bond Futures	118.00	May 2008	63	112,044	(175,219)
				715	$803,925	($1,593,703)
	Puts
	90 Day Eurodollar Futures, American style	$96.125	Jun 2008	99	$16,218	($619)
	90 Day Eurodollar Futures, American style	97.25	Jun 2008	59	15,205	(2,581)
	90 Day Eurodollar Futures, American style	96.25	Jun 2008	58	29,422	(363)
	90 Day Eurodollar Futures, American style	96.75	Jun 2008	41	9,795	(256)
	90 Day Eurodollar Futures, American style	95.50	Jun 2008	19	4,180	(119)
	90 Day Eurodollar Futures, American style	97.75	Jun 2008	157	61,115	(66,725)
	90 Day Eurodollar Futures, American style	97.00	Sep 2008	30	6,225	(1,312)
	90 Day Eurodollar Futures, American style	97.75	Sep 2008	236	103,133	(100,300)
	Euro Currency Futures, American style	1,500.00	Jun 2008	294	517,443	(294,000)
	U.S. Treasury 5-Year Note Futures	113.00	May 2008	89	57,961	(53,539)
	U.S. Treasury 5-Year Note Futures	112.00	May 2008	40	37,612	(12,812)
	U.S. Treasury 10-Year Note Futures	117.50	Apr 2008	159	109,799	(84,469)
	U.S. Treasury 10-Year Note Futures	113.00	May 2008	280	283,350	(39,375)
	U.S. Treasury 10-Year Note Futures	116.00	May 2008	51	90,698	(27,094)
	U.S. Treasury 10-Year Note Futures	112.50	May 2008	29	37,433	(3,172)
	U.S. Treasury 10-Year Note Futures	115.00	May 2008	127	69,756	(11,906)
	U.S. Treasury 10-Year Note Futures	117.00	May 2008	177	147,365	(143,813)
	U.S. Treasury 30-Year Bond Futures	115.00	May 2008	130	180,537	(121,875)
	U.S. Treasury 30-Year Bond Futures	117.00	May 2008	59	70,658	(93,109)
	U.S. Treasury 30-Year Bond Futures	110.00	May 2008	20	9,900	(3,750)
				2,154	$1,857,805	($1,061,189)
Total Return	Calls
	U.S. Treasury 10-Year Note Futures	$118.00	May 2008	1,049	$1,203,393	($2,229,125)
	U.S. Treasury 10-Year Note Futures	120.00	May 2008	250	304,063	(296,875)
				1,299	$1,507,456	($2,526,000)
	Puts
	U.S. Treasury 10-Year Note Futures	$114.00	May 2008	1,053	$1,531,914	($230,344)
	U.S. Treasury 10-Year Note Futures	116.00	May 2008	125	101,250	(66,406)
				1,178	$1,633,164	($296,750)
U.S. Government Securities	Calls
	U.S. Treasury 10-Year Note Futures	$119.50	Apr 2008	46	$50,801	($40,969)
	U.S. Treasury 10-Year Note Futures	121.00	Apr 2008	46	54,395	(19,406)
				92	$105,196	($60,375)

Interest Rate Swaptions
				Pay/Receive	Exercise			Notional
Portfolio	Name of Issuer	Counterparty	Floating Rate Index	Floating Rate	Rate	Expiration Date		Amount	Premium	Value
Global Bond	Calls
	5-Year Interest Rate Swap	Bank of America N.A.	3 Month USD-LIBOR	Receive	4.95%	Sep 2008	USD	29,100,000	$342,289	($1,951,804)
	5-Year Interest Rate Swap	Deutsche Bank	3 Month USD-LIBOR	Receive	4.95%	Sep 2008	USD	13,500,000	165,891	(905,476)
		Lehman Brothers Special Financing,
	5-Year Interest Rate Swap	Inc.	3 Month USD-LIBOR	Receive	4.95%	Sep 2008	USD	13,100,000	113,642	(878,647)
	5-Year Interest Rate Swap	Royal Bank of Scotland	3 Month USD-LIBOR	Receive	4.95%	Sep 2008	USD	14,700,000	120,540	(985,963)
	5-Year Interest Rate Swap	Royal Bank of Scotland	3 Month USD-LIBOR	Receive	4.30%	Aug 2009	USD	137,300,000	3,293,484	(4,745,335)
	7-Year Interest Rate Swap	Barclays Capital PLC	3 Month USD-LIBOR	Receive	5.32%	Aug 2009	USD	36,200,000	969,490	(2,679,557)
	7-Year Interest Rate Swap	Deutsche Bank	6 Month EUR-EURIBOR	Receive	4.23%	Sep 2009	EUR	21,700,000	283,402	(533,064)
	7-Year Interest Rate Swap	Merrill Lynch Capital Services	3 Month USD-LIBOR	Receive	5.32%	Aug 2009	USD	18,700,000	506,770	(1,384,191)
	7-Year Interest Rate Swap	Morgan Stanley	3 Month USD-LIBOR	Receive	4.90%	Jul 2009	USD	33,400,000	1,123,576	(1,938,222)
	7-Year Interest Rate Swap	Royal Bank of Scotland	3 Month USD-LIBOR	Receive	5.32%	Aug 2009	USD	8,200,000	227,345	(606,971)
								325,900,000	$7,146,429	($16,609,230)
	Puts
	2-Year Interest Rate Swap	Royal Bank of Scotland	3 Month USD-LIBOR	Receive	3.075%	May 2008	USD	30,900,000	$95,017	($28,178)
	30-Year Interest Rate Swap	Barclays Capital	6 Month GBP-LIBOR	Receive	4.75%	Jun 2008	GBP	7,400,000	235,736	(139,615)
								38,300,000	$330,753	($167,793)
Real Return Bond	Calls
	5-Year Interest Rate Swap	Royal Bank of Scotland	3 Month USD-LIBOR	Receive	4.95%	Sep 2008	USD	3,000,000	$33,900	($201,217)
	7-Year Interest Rate Swap	Goldman Sachs Capital Markets, L.P.	3 Month USD-LIBOR	Receive	5.365%	Sep 2010	USD	7,000,000	225,050	(448,826)
		Lehman Brothers Special Financing,
	7-Year Interest Rate Swap	Inc.	3 Month USD-LIBOR	Receive	5.365%	Sep 2010	USD	13,000,000	354,250	(833,534)
	7-Year Interest Rate Swap	Royal Bank of Scotland	3 Month USD-LIBOR	Receive	5.365%	Sep 2010	USD	7,000,000	220,115	(164,258)
	10-Year Interest Rate Swap	Barclays Capital PLC	3 Month USD-LIBOR	Receive	5.25%	Sep 2008	USD	7,000,000	186,375	(631,748)
	10-Year Interest Rate Swap	Goldman Sachs Capital Markets, L.P.	3 Month USD-LIBOR	Receive	5.25%	Sep 2008	USD	14,200,000	356,420	(1,281,546)
	10-Year Interest Rate Swap	Royal Bank of Scotland	3 Month USD-LIBOR	Receive	5.25%	Sep 2008	USD	10,200,000	256,020	(920,547)
	30-Year Interest Rate Swap	Bank of America N.A.	3 Month USD-LIBOR	Receive	5.67%	Aug 2008	USD	2,800,000	135,100	(459,319)
	30-Year Interest Rate Swap	Citibank N.A.	3 Month USD-LIBOR	Receive	5.67%	Aug 2008	USD	3,500,000	146,300	(574,149)
								67,700,000	$1,913,530	($5,515,144)
	Puts
	7-Year Interest Rate Swap	Goldman Sachs Capital Markets, L.P.	3 Month USD-LIBOR	Receive	5.365%	Sep 2010	USD	7,000,000	$225,050	($164,259)
		Lehman Brothers Special Financing,
	7-Year Interest Rate Swap	Inc.	3 Month USD-LIBOR	Receive	5.365%	Sep 2010	USD	13,000,000	488,800	(305,051)
	7-Year Interest Rate Swap	Royal Bank of Scotland	3 Month USD-LIBOR	Receive	5.365%	Sep 2010	USD	7,000,000	220,115	(448,826)
	10-Year Interest Rate Swap	Barclays Capital PLC	3 Month USD-LIBOR	Receive	5.25%	Sep 2008	USD	7,000,000	186,375	(38,743)
	10-Year Interest Rate Swap	Goldman Sachs Capital Markets, L.P.	3 Month USD-LIBOR	Receive	5.25%	Sep 2008	USD	14,200,000	343,640	(78,593)
	10-Year Interest Rate Swap	Royal Bank of Scotland	3 Month USD-LIBOR	Receive	5.25%	Sep 2008	USD	10,200,000	246,840	(56,454)
	30-Year Interest Rate Swap	Bank of America N.A.	3 Month USD-LIBOR	Receive	5.67%	Aug 2008	USD	2,800,000	102,200	(17,659)
	30-Year Interest Rate Swap	Citibank N.A.	3 Month USD-LIBOR	Receive	5.67%	Aug 2008	USD	3,500,000	147,700	(22,074)
								64,700,000	1,960,720	(1,131,659)
Total Return	Calls

5-Year Interest Rate Swap	Bank of America N.A.	3 Month USD-LIBOR	Receive	4.95%	Sep 2008	USD	64,400,000	$720,905	($4,319,456)
5-Year Interest Rate Swap	Barclays Capital PLC	3 Month USD-LIBOR	Receive	4.30%	Feb 2009	USD	50,600,000	1,249,130	(1,960,942)
	Lehman Brothers Special Financing,
5-Year Interest Rate Swap	Inc.	3 Month USD-LIBOR	Receive	4.95%	Sep 2008	USD	86,100,000	712,600	(5,774,925)
5-Year Interest Rate Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.95%	Sep 2008	USD	23,600,000	215,220	(1,582,906)
5-Year Interest Rate Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.20%	Jul 2009	USD	13,000,000	287,300	(422,967)
7-Year Interest Rate Swap	Barclays Capital PLC	3 Month USD-LIBOR	Receive	4.60%	Feb 2009	USD	25,200,000	808,920	(1,264,680)
7-Year Interest Rate Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.30%	Dec 2008	USD	133,900,000	3,435,615	(5,255,079)
7-Year Interest Rate Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.30%	Dec 2008	USD	17,300,000	467,100	(678,961)
7-Year Interest Rate Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.25%	Feb 2009	USD	54,100,000	1,631,115	(2,001,511)
							468,200,000	$9,527,905	($23,261,427)

Foreign Currency Options

						Notional
Portfolio	Name of Issuer		Exercise Price	Expiration Date		Amount	Premium	Value
Real Return Bond	Calls
	OTC U.S. Dollar versus Japanese Yen	JPY	118.15	Jun 2008	USD	3,300,000	$41,313	($1,670)
						3,300,000	$41,313	($1,670)
	Puts
	OTC U.S. Dollar versus Japanese Yen	JPY	118.15	Jun 2008	USD	3,300,000	$151,308	($627,399)
	OTC U.S. Dollar versus Japanese Yen	JPY	100.00	Dec 2008	USD	3,000,000	49,650	(144,651)
						6,300,000	$200,958	($772,050)

Securities Lending The Portfolios may lend securities from time to time in order to earn additional income. The Portfolios retain beneficial ownership of the securities loaned and continue to receive interest and dividends paid by the issuer of securities and to participate in any changes in their value. On the settlement date of the loan, the Portfolios receive collateral against the loaned securities and maintain collateral in an amount not less than 100% of the market value of the loaned securities 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 additional required collateral is delivered to the Portfolios on the next business day. Any cash collateral received is invested in the JHCIT. If the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, the portfolios could experience delays and costs in recovering the securities loaned or in gaining access to the collateral. The Portfolios receive compensation for lending their securities either in the form of fees, guarantees, and/or by retaining a portion of interest on the investment of any cash received as collateral.

All Portfolios, with the exception of the Lifestyle Portfolios, permits the Portfolios to lend securities to Morgan Stanley & Co. Incorporated and MS Securities Services Inc. (collectively, “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 securities (as opposed to several borrowers in an agency relationship) 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).

At March 31, 2008 the values of securities loaned and cash collateral were as follows:

Portfolio	Value Of Securities Loaned	Value Of Cash Collateral
500 Index	21,198,360	21,622,327
500 Index B	9,900,003	10,098,003
Active Bond	150,664,542	153,677,833
All Cap Core	10,821,800	11,038,236

All Cap Growth	4,987,138	5,086,881
All Cap Value	1,075,868	1,097,385
Blue Chip Growth	77,669,476	79,222,866
Capital Appreciation	52,742,983	53,797,843
Dynamic Growth	6,955,947	7,095,066
Emerging Growth	3,929,072	4,007,653
Emerging Small Company	37,177,443	37,920,992
Equity Income	65,621,965	66,934,404
Financial Services	6,565,225	6,696,530
Fundamental Value	38,122,917	38,885,375
Global	33,520,183	35,094,538
Global Allocation	3,752,535	3,827,586
Global Real Estate	72,629,010	75,330,151
Growth And Income	29,670,250	30,263,655
High Income	816,540	832,871
High Yield	47,258,116	48,203,278
Income & Value	6,143,455	6,266,324
International Core	114,012,641	119,713,273
International Equity Index A	27,937,354	29,277,845
International Equity Index B	36,024,238	37,825,450
International Opportunities	58,350,031	61,267,533
International Small Cap	2,985,405	3,134,676
International Small Company	25,639,025	26,920,930
International Value	125,714,558	132,000,286
Large Cap	17,504,512	17,854,602
Large Cap Value	8,661,865	8,835,102
Managed	4,791,534	4,887,364
Mid Cap Index	58,021,399	59,181,827
Mid Cap Stock	142,035,516	144,876,226
Mid Cap Value	29,622,835	30,215,292
Mid Cap Value Equity	11,927,564	12,166,115
Mid Value	16,403,505	16,731,575
Natural Resources	52,427,862	54,092,045
Overseas Equity	49,560,844	52,038,886
Quantitative All Cap	25,048,174	25,549,137
Quantitative Mid Cap	1,109,205	1,131,389
Quantitative Value	30,155,380	30,758,488
Real Estate Equity	22,693,355	23,147,222
Real Estate Securities	69,669,253	71,062,638
Science & Technology	10,409,784	10,617,980
Small Cap	22,629,497	23,082,087
Small Cap Growth	29,761,745	30,356,980
Small Cap Index	78,378,325	79,945,892
Small Cap Opportunities	51,301,466	52,327,496
Small Cap Value	56,791,650	57,927,483
Small Company	1,962,899	2,002,157
Small Company Growth	36,133,974	36,856,653
Small Company Value	63,164,043	64,427,324
Spectrum Income	2,855,173	2,912,276
Strategic Bond	7,992,455	8,152,304
Strategic Income	2,253,888	2,298,966

Total Stock Market Index	19,424,441	19,812,930
U.S. Core	3,008,862	3,069,039
U.S. Global Leaders Growth	307,944	314,103
U.S. High Yield Bond	5,626,660	5,739,193
U.S. Large Cap	33,260,742	33,925,957
U.S. Multi Sector	8,596,676	8,768,610
Utilities	3,249,739	3,314,734
Value & Restructuring	19,855,090	20,252,192
Vista	3,153,977	3,217,057

Mortgage Dollar Rolls All Portfolios, with the exception of the Lifestyle Portfolios, may enter into mortgage dollar rolls in which they sell debt securities for delivery currently and simultaneously contract to repurchase similar, but not identical, securities at the same price or a lower price on an agreed upon date. The Portfolios account for such dollar rolls as purchases and sales and receive compensation as consideration for entering into the commitment to repurchase. The compensation is the difference between the current sale price and the forward price for the future purchase (often referred to as the “drop”) as well as 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 counterparty receives all principal and interest payments, including prepayments, 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 renewal without physical delivery of the securities subject to the contract.

Certain risks may arise upon entering into mortgage dollar rolls from the potential inability of counterparties to meet the terms of their commitments. Additionally, the value of such securities may change adversely before the Portfolio is able to repurchase them. There can be no assurance that the Portfolio’s use of the cash that it receives from a mortgage dollar roll will provide a return that exceeds its costs.

Inflation-Indexed Bonds All Portfolios of the Trust with the exception of the Lifestyle Portfolios, may invest in inflation-indexed bonds. Inflation-indexed bonds are fixed-income securities whose principal value is periodically adjusted to the rate of inflation. The interest rate on these bonds is generally fixed at issuance at a rate lower than typical bonds. Over the life of an inflation-indexed bond, however, interest will be paid based on a principal value, which is adjusted for inflation.

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 Portfolio generally borrows the security to deliver to the buyer in a short sale. The Portfolio must then buy the security at its market price when the borrowed security 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 security increases between the time of the short sale and the date when the Portfolio replaces the borrowed security. 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 identical security, or one equivalent in kind or amount, at no additional cost.

Until a Portfolio closes its short position or replaces a borrowed security, 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.

Futures All Portfolios, with the exception of the Lifestyle Portfolios, may purchase and sell financial futures contracts and options on those contracts. The Portfolios invest in contracts based on financial instruments 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 deposits required upon entering into futures contracts are satisfied by the delivery of specific securities or cash as collateral to the broker (the Portfolios’ agent in acquiring the futures position). If the position is closed out by taking an opposite position 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 Portfolio realizes a gain or loss.

When a Portfolio sells a futures contract based on a financial instrument, the Portfolio becomes obligated to deliver that kind of instrument at an agreed upon date for a specified price. The Portfolio realizes a gain or loss depending on whether the price of an offsetting purchase 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 positions because 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 March 31, 2008

						Unrealized
						Appreciation
Portfolio	Open Contracts	Number of Contracts	Position	Expiration Date	Notional Value	(Depreciation)
500 Index	S&P 500 Index Futures	98	Long	Jun 2008	$32,107,000	($303,893)
						($303,893)
500 Index B	S&P 500 Index Futures	99	Long	Jun 2008	$32,769,000	($41,469)
						($41,469)
All Cap Core	Russell 2000 Index Futures	109	Long	Jun 2008	$36,079,000	$243,424
	Russell 2000 Mini Index Futures	755	Long	Jun 2008	52,095,000	900,904
	S&P 500 Index Futures	20	Long	Jun 2008	6,900,000	119,415
						$1,263,743
Core Allocation	10-Year German Euro-BUND Futures	2	Long	Jun 2008	$366,207	($3,154)
	Dow Jones Euro STOXX 50 Futures	2	Long	Jun 2008	112,060	4,036
	Emini MSCI EAFE Index Futures	12	Long	Jun 2008	1,231,800	56,528
	S&P 500 Mini Index Futures	10	Long	Jun 2008	662,000	3,264
	10-Year German Government Bond Futures	2	Short	Jun 2008	366,207	3,180
	U.S. Treasury 5-Year Note Futures	5	Short	Jun 2008	571,172	(5,073)
	U.S. Treasury 10-Year Note Futures	1	Short	Jun 2008	118,953	(2,729)
						$56,052
Global Allocation	EOE Dutch Stock Index Futures	23	Long	Apr 2008	$3,208,823	$68,120
	FTSE 100 Index Futures	47	Long	Jun 2008	5,324,808	18,189
	S&P 500 Index Futures	36	Long	Jun 2008	11,916,000	376,124
	DAX Index Futures	12	Short	Jun 2008	3,123,791	57,309
	Nikkei 225 Index Futures	24	Short	Jun 2008	3,007,223	46,749
	S&P / TSE 60 Index Futures	10	Short	Jun 2008	1,531,102	2,451
	SPI 200 Index Futures	6	Short	Jun 2008	739,710	(34,134)
	U.S. Treasury 5-Year Note Futures	93	Short	Jun 2008	10,623,797	(158,567)
						$376,241
Global Bond	10-Year German Euro-BUND Futures	1,458	Long	Jun 2008	$266,964,587	($1,635,448)
	10-Year Japan Government Bond Futures	42	Long	Jun 2008	59,207,865	823,435
	90-Day LIBOR Futures	107	Long	Jun 2008	25,099,344	(17,254)
	90-Day LIBOR Futures	217	Long	Sep 2008	51,071,985	(59,217)
	Euribor Futures	134	Long	Jun 2008	50,510,765	(37,439)
	Euribor Futures	380	Long	Sep 2008	143,809,410	422,578
	Eurodollar Futures	626	Long	Mar 2009	151,718,925	(72,938)
	Eurodollar Futures	875	Long	Dec 2009	212,504,688	124,175

	Eurodollar Futures	1,494	Long	Dec 2009	363,882,375	2,226,698
	U.S. Treasury 10-Year Note Futures	1,705	Long	Jun 2008	202,815,078	1,747,828
	2-Year German Euro-SCHATZ Futures	941	Short	Jun 2008	155,252,900	923,522
	5-Year German Euro-BOBL Futures	784	Short	Jun 2008	136,627,824	1,450,308
	10-Year Canada Government Bond Futures	45	Short	Jun 2008	5,251,206	(162,395)
	90-Day LIBOR Futures	207	Short	Jun 2008	45,724,566	(428,639)
	90-Day LIBOR Futures	105	Short	Dec 2008	24,787,791	32,975
	90-Day LIBOR Futures	80	Short	Jun 2009	18,948,453	(40,685)
	90-Day LIBOR Futures	80	Short	Sep 2009	18,947,460	(50,232)
	90-Day LIBOR Futures	97	Short	Dec 2009	22,947,325	24,064
	90-Day Sterling Futures	54	Short	Mar 2009	12,778,819	(15,406)
	Euribor Futures	41	Short	Dec 2008	15,537,316	56,638
	Euribor Futures	595	Short	Mar 2009	225,868,036	208,888
	Euribor Futures	105	Short	Mar 2009	25,676,438	(34,125)
	Euribor Futures	143	Short	Jun 2009	54,309,649	5,644
	Euribor Futures	21	Short	Jun 2009	5,125,575	(6,038)
	Euribor Futures	288	Short	Sep 2009	109,418,657	-
	Eux Acal Euro-BUND Futures	110	Short	Apr 2008	10,420	71,202
	U.S. Treasury 2-Year Note Futures	2,139	Short	Jun 2008	459,149,719	(1,183,828)
	U.S. Treasury 5-Year Note Futures	55	Short	Jun 2008	6,282,891	3,672
						$4,377,983
International Core	CAC 40 10 Euro Index Futures	196	Long	Apr 2008	$14,583,660	$663,041
	DAX Index Futures	325	Long	Jun 2008	84,602,681	2,956,274
	Topix Index Futures	53	Long	Jun 2008	6,462,831	8,166
	IBEX 35 Index Futures	127	Short	Jun 2008	26,536,320	(791,835)
	S&P / TSE 60 Index Futures	113	Short	Jun 2008	17,301,456	(530,079)
	Share Price Index 200 Futures	158	Short	Jun 2008	19,479,041	(906,779)
						$1,398,788
International Equity Index A	CAC 40 10 Euro Index Futures	19	Long	Jun 2008	$1,381,026	$61,095
	DAX Index Futures	3	Long	Jun 2008	780,948	35,336
	EOE Dutch Stock Index Futures	3	Long	Apr 2008	418,542	19,107
	FTSE 100 Index Futures	17	Long	Jun 2008	1,925,994	62,946
	Hang Seng Stock Index Futures	3	Long	Apr 2008	436,162	5,696
	IBEX 35 Index Futures	4	Long	Apr 2008	835,790	24,580
	MSCI Taiwan Stock Index Futures	15	Long	Apr 2008	493,050	(13,325)
	OMX 30 Stock Index Futures	22	Long	Apr 2008	344,430	8,543
	S&P / MIB Index Futures	3	Long	Jun 2008	725,640	15,782
	S&P Canada 60 Index Futures	5	Long	Jun 2008	765,551	(6,916)
	Share Price Index 200 Futures	3	Long	Jun 2008	369,855	13,219
	Topix Index Futures	18	Long	Jun 2008	2,194,924	3,200
						$229,263
International Equity Index B	CAC 40 10 Euro Index Futures	13	Long	Jun 2008	$944,913	$45,860
	DAX Index Futures	4	Long	Jun 2008	1,041,264	47,114
	EOE Dutch Stock Index Futures	3	Long	Apr 2008	418,542	19,217

	FTSE 100 Index Futures	15	Long	Jun 2008	1,699,407	59,924
	Hang Seng Stock Index Futures	3	Long	Apr 2008	436,162	5,696
	IBEX 35 Index Futures	4	Long	Apr 2008	835,790	24,580
	MSCI Taiwan Stock Index Futures	37	Long	Apr 2008	1,216,190	(33,515)
	OMX 30 Stock Index Futures	29	Long	Apr 2008	454,021	9,431
	S&P / MIB Index Futures	2	Long	Jun 2008	483,760	10,521
	S&P / TSE 60 Index Futures	5	Long	Jun 2008	765,551	(6,916)
	Share Price Index 200 Futures	4	Long	Jun 2008	493,140	20,916
	Topix Index Futures	16	Long	Jun 2008	1,951,043	1,645
						$204,473
Investment Quality Bond	U.S. Treasury 5-Year Note Futures	138	Long	Jun 2008	$15,764,344	$141,959
	U.S. Treasury 10-Year Note Futures	250	Long	Jun 2008	29,738,283	660,240
						$802,199
Managed	S&P 500 Mini Index Futures	105	Long	Jun 2008	$6,951,000	($51,188)
						($51,188)
Mid Cap Index	S&P Mid 400 Mini Index Futures	448	Long	Jun 2008	$35,011,200	$406,428
						$406,428
Real Return Bond	90-Day LIBOR Futures	546	Long	Jun 2008	$128,077,028	$269,987
	90-Day LIBOR Futures	211	Long	Sep 2008	49,659,857	174,178
	90-Day LIBOR Futures	316	Long	Dec 2008	74,599,448	137,325
	90-Day LIBOR Futures	96	Long	Jun 2009	22,738,143	164,114
	90-Day Sterling Futures	61	Long	Mar 2009	14,435,333	90,492
	Euribor Futures	185	Long	Dec 2008	70,107,399	355,732
	Euribor Futures	96	Long	Mar 2009	36,442,574	157,658
	Euribor Futures	110	Long	Jun 2009	41,776,653	207,013
	Euribor Futures	93	Long	Sep 2009	35,333,108	165,177
	Euribor Futures	93	Long	Dec 2009	35,311,085	163,341
	Eurodollar Futures	212	Long	Mar 2009	51,841,950	1,076,150
	Eurodollar Futures	298	Long	Jun 2009	114,829,266	626,125
	Eurodollar Futures	537	Long	Sep 2009	206,489,388	2,713,950
	U.S. Treasury 10-Year Note Futures	1,543	Long	Jun 2008	289,770,927	3,714,906
	10-Year German Euro-BUND Futures	257	Short	Jun 2008	47,057,544	278,574
	Euribor Futures	67	Short	Sep 2008	25,355,870	(11,900)
	Eurodollar Futures	138	Short	Dec 2008	33,754,800	(75,900)
	U.K. Treasury Bond Futures	75	Short	Jun 2008	16,566,872	(209,065)
	U.S. Treasury 2-Year Note Futures	169	Short	Jun 2008	36,276,906	(50,313)
	U.S. Treasury 5-Year Note Futures	305	Short	Jun 2008	34,841,484	(478,594)
	U.S. Treasury 30-Year Bond Futures	1,507	Short	Jun 2008	179,026,891	(1,440,399)
						$8,028,551
Small Cap	Russell 2000 Index Futures	48	Long	Jun 2008	$16,560,000	$929,760

						$929,760
Small Cap Index	Russell 2000 Index Futures	53	Long	Jun 2008	$18,285,000	$364,253
						$364,253
Spectrum Income	10-Year German Euro-BUND Futures	11	Long	Jun 2008	$2,014,136	($41,505)
	Euro Schatz Futures	30	Long	Jun 2008	4,949,614	(37,653)
	U.S. Treasury 5-Year Note Futures	88	Long	Jun 2008	10,052,625	165,000
	U.S. Treasury 10-Year Note Futures	55	Long	Jun 2008	6,542,422	161,857
	10-Year Canada Government Bond Futures	31	Short	Jun 2008	3,617,497	(55,445)
	U.S. Treasury 2-Year Note Futures	2	Short	Jun 2008	429,313	(2,469)
	U.S. Treasury 10-Year Note Futures	15	Short	Jun 2008	1,784,297	(58,547)
	U.S. Treasury 30-Year Bond Futures	3	Short	Jun 2008	356,391	(11,719)
						$119,519
Strategic Bond	10-Year German Euro-BUND Futures	800	Long	Jun 2008	$146,482,627	($1,586,595)
	Canadian Dollar Futures	73	Long	Jun 2008	7,087,570	(249,660)
	Eurodollar Futures	90	Long	Jun 2008	33,925,140	(55,769)
	Eurodollar Futures	148	Long	Jun 2008	36,160,100	98,746
	Eurodollar Futures	205	Long	Sep 2008	50,176,313	154,588
	Eurodollar Futures	150	Long	Jun 2009	36,611,250	(31,500)
	U.K. Treasury 30-Year Bond Futures	22	Long	Jun 2008	4,859,616	95,031
	U.S. Treasury 5-Year Note Futures	214	Long	Jun 2008	24,446,156	49,024
	Australian Dollar Futures	22	Short	Jun 2008	1,989,020	20,240
	British Pound Currency Futures	47	Short	Jun 2008	5,790,400	48,821
	Euro Currency Futures	133	Short	Jun 2008	26,149,463	(346,046)
	Eurodollar Futures	4	Short	Dec 2008	978,400	(2,170)
	Eurodollar Futures	60	Short	Mar 2009	14,672,250	(85,050)
	Eurodollar Futures	10	Short	Sep 2009	2,435,625	(11,550)
	Japanese Yen Futures	39	Short	Jun 2008	4,909,613	(193,508)
	U.S. Treasury 10-Year Note Futures	28	Short	Jun 2008	3,326,313	(40,609)
	U.S. Treasury 10-Year Note Futures	544	Short	Jun 2008	64,710,500	(231,439)
						($2,367,446)
Strategic Income	U.S. Treasury 10-Year Note Futures	420	Short	Jun 2008	$49,960,313	($279,549)
						($279,549)
Total Return	10-Year German Euro-BUND Futures	45	Long	Jun 2008	$7,842,158	($135,693)
	90-Day LIBOR Futures	1,377	Long	Jun 2008	323,007,448	634,611
	90-Day LIBOR Futures	776	Long	Sep 2008	182,635,299	986,812
	90-Day LIBOR Futures	437	Long	Dec 2008	103,164,426	677,197
	90-Day LIBOR Futures	182	Long	Jun 2009	43,107,731	488,826
	90-Day LIBOR Futures	50	Long	Dec 2009	11,828,518	21,633
	90-Day Sterling Futures	395	Long	Mar 2009	93,474,693	1,217,891
	Eurodollar Futures	2,217	Long	Jun 2008	541,668,525	13,917,738
	Eurodollar Futures	733	Long	Sep 2008	179,410,913	4,488,463

	Eurodollar Futures	3,786	Long	Dec 2008	926,055,600	23,860,610
	Eurodollar Futures	1,775	Long	Mar 2009	434,054,063	8,506,288
	Eurodollar Futures	171	Long	Jun 2009	41,736,825	10,613
	Eurodollar Futures	248	Long	Sep 2009	60,403,500	145,863
	Eurodollar Futures	171	Long	Dec 2009	41,529,488	(4,800)
	U.S. Treasury 10-Year Note Futures	1,607	Long	Jun 2008	191,157,672	4,634,359
	Euro-SCHATZ Futures	149	Short	Jun 2008	24,583,084	107,031
	U.S. Treasury 2-Year Note Futures	725	Short	Jun 2008	155,625,781	(177,563)
	U.S. Treasury 5-Year Note Futures	1,583	Short	Jun 2008	180,833,016	(1,053,758)
						$58,326,121
Total Stock Market Index	Russell 2000 Mini Index Futures	2	Long	Jun 2008	$781,500	$6,786
	S&P 500 Index Futures	32	Long	Jun 2008	10,592,000	(20,402)
	S&P 500 Mid Cap 400 Index Futures	6	Long	Jun 2008	2,070,000	47,958
						$34,342
U.S. Government Securities	Eurodollar Futures	250	Long	Jun 2008	$61,081,250	$75,450
	Eurodollar Futures	135	Long	Sep 2009	32,880,938	205,200
	U.S. Treasury 2-Year Note Futures	79	Long	Jun 2008	16,958,844	90,324
	U.S. Treasury 5-Year Note Futures	663	Long	Jun 2008	75,737,391	1,190,946
	U.S. Treasury 10-Year Note Futures	180	Short	Jun 2008	21,411,564	(510,674)
	U.S. Treasury 30-Year Bond Futures	35	Short	Jun 2008	4,157,891	(116,745)
						$934,501
U.S. Multi Sector	S&P Mini 500 Index Futures	510	Long	Jun 2008	$33,762,000	($248,625)
						($248,625)

Swap Contracts All Portfolios, with the exception of Lifestyle Portfolios, may enter into may enter into swap agreements. A swap is an exchange of cash payments between the portfolio and another party. Net cash payments are exchanged at specified intervals and are recorded as a realized gain or loss. The value of the swap is adjusted daily and the change in value, including accruals of periodic amounts of interest to be paid or received, is recorded as unrealized appreciation or depreciation. A liquidation payment received or made upon early termination is recorded as a realized gain or loss. Upfront payments made and/or received by the Portfolios are recorded as an asset and/or liability and are recorded as a realized gain or loss on the termination date. Risk of loss may exceed amounts recognized and these risks include the possible lack of a liquid market, failure of the counterparty to perform under the terms of the agreements, and unfavorable market movement of the underlying instrument.

Certain Portfolios hold interest rate swap agreements which involve the periodic exchange of cash flows, such as the exchange of fixed rate interest payments for floating rate interest payments based on a notional principal amount. The interest rates may be based on a specific financial index or the exchange of two distinct floating rate payments. The Portfolios may enter into an interest rate swap in order to manage its exposure to interest and foreign exchange rate fluctuations.

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 periodic payment that is a fixed percentage applied to a notional principal amount. In return the party agrees to purchase the notional amount of the underlying instrument, 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 Portfolio assumes the market and credit risk of the underlying instrument, including liquidity 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.

The Portfolios had the following interest rate swap contracts open at March 31, 2008:

								Unrealized
					Payments Received by		Upfront Payments	Appreciation
Portfolio	Counterparty	Notional Amount	Currency	Payments Made by Fund	Fund	Termination Date	Made (Received)	(Depreciation)	Value
Global Bond
	Bank of America N.A.	22,800,000	USD	3 Month LIBOR	Fixed 5.000%	Jun 2018	$915,420	$716,859	$1,632,279
	Bank of America N.A.	17,800,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2038	(385,726)	(564,650)	(950,376)
	Barclays Bank PLC	72,300,000	AUD	3 Month BBR-BBSW	Fixed 7.000%	Sep 2009	72,753	(256,480)	(183,727)
	Barclays Bank PLC	73,000,000	EUR	6 Month EURIBOR	Fixed 4.000%	Sep 2009	(893,532)	(115,443)	(1,008,975)
	Barclays Bank PLC	4,600,000	USD	3 Month LIBOR	Fixed 4.000%	Jun 2010	100,459	35,984	136,443
	Barclays Bank PLC	5,300,000	EUR	6 Month EURIBOR	Fixed 4.000%	Jun 2010	15,606	(74,709)	(59,103)
	Barclays Bank PLC	2,500,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2010	(20,650)	(22,765)	(43,415)
	Barclays Bank PLC	9,900,000	EUR	Fixed 3.750%	6 Month EURIBOR	Jun 2011	(22,012)	314,970	292,958
	Barclays Bank PLC	2,500,000	EUR	FRCPXTOB	Fixed 1.9475%	Mar 2012	-	(53,788)	(53,788)
	Barclays Bank PLC	3,760,000,000	JPY	6 Month LIBOR	Fixed 1.500%	Dec 2012	629,801	153,062	782,863
	Barclays Bank PLC	7,400,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2015	(34,606)	(70,909)	(105,515)
	Barclays Bank PLC	149,700,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2015	928,140	(1,045,415)	(117,275)
	Barclays Bank PLC	44,600,000	GBP	Fixed 4.500%	6 Month LIBOR	Sep 2017	208,975	242,994	451,969
	Barclays Bank PLC	9,600,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2035	(94,201)	890,945	796,744
	Barclays Bank PLC	900,000	GBP	6 Month LIBOR	Fixed 4.250%	Jun 2036	(64,606)	(63,169)	(127,775)
	Barclays Bank PLC	31,400,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2038	(659,400)	(1,000,602)	(1,660,002)
	Barclays Bank PLC	7,400,000	EUR	Fixed 5.000%	6 Month EURIBOR	Sep 2038	(834,831)	(9,520)	(844,351)
	Citibank N.A.	25,900,000	AUD	3 Month BBR-BBSW	Fixed 6.500%	Jan 2009	(7,765)	(240,393)	(248,158)
	Citibank N.A.	29,900,000	AUD	6 Month BBR-BBSW	Fixed 6.000%	Jun 2010	236,547	(1,087,866)	(851,319)
	Citibank N.A.	6,200,000	GBP	6 Month LIBOR	Fixed 5.000%	Mar 2013	(264,203)	257,340	(6,863)
	Citibank N.A.	17,100,000	AUD	Fixed 6.000%	6 Month BBR-BBSW	Jun 2015	(126,486)	1,201,781	1,075,295
	Citibank N.A.	4,100,000	CAD	Fixed 5.000%	3 Month BA-CDOR	Jun 2015	(159,506)	(122,114)	(281,620)
	Citibank N.A.	5,600,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2015	3,019	(82,869)	(79,850)
	Citibank N.A.	5,100,000	GBP	Fixed 5.000%	6 Month LIBOR	Dec 2019	(80,358)	37,677	(42,681)
	Citibank N.A.	100,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2023	(5,977)	-	(5,977)
	Credit Suisse
	International	15,300,000	AUD	6 Month BBR-BBSW	Fixed 7.250%	Jun 2013	(20,856)	24,210	3,354
	Deutsche Bank AG	56,840,000	AUD	3 Month BBR-BBSW	Fixed 6.500%	Jan 2009	(31,150)	(513,456)	(544,606)
	Deutsche Bank AG	8,090,000,000	JPY	6 Month LIBOR	Fixed 1.000%	Mar 2009	(98,399)	131,881	33,482
	Deutsche Bank AG	19,300,000	USD	3 Month LIBOR	Fixed 4.000%	Jun 2010	524,767	47,700	572,467
	Deutsche Bank AG	87,800,000	AUD	6 Month BBR-BBSW	Fixed 7.000%	Jun 2010	26,651	(507,220)	(480,569)
	Deutsche Bank AG	4,400,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2010	(35,324)	(17,665)	(52,989)
	Deutsche Bank AG	60,000,000	AUD	6 Month BBR-BBSW	Fixed 7.250%	Jun 2011	(209,054)	208,548	(506)
	Deutsche Bank AG	900,000	AUD	6 Month BBR-BBSW	Fixed 6.000%	Jun 2012	(8,096)	(28,901)	(36,997)
	Deutsche Bank AG	1,160,000,000	JPY	6 Month LIBOR	Fixed 1.500%	Dec 2012	112,328	129,194	241,522
	Deutsche Bank AG	13,000,000	GBP	6 Month LIBOR	Fixed 5.000%	Mar 2013	(488,737)	474,345	(14,392)
	Deutsche Bank AG	800,000	AUD	6 Month BBR-BBSW	Fixed 7.250%	Jun 2013	(1,313)	1,488	175
	Deutsche Bank AG	25,800,000	EUR	6 Month EURIBOR	Fixed 4.000%	Sep 2013	41,476	(243,257)	(201,781)
	Deutsche Bank AG	53,200,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2015	(1,782,694)	(2,274,641)	(4,057,335)
	Deutsche Bank AG	1,800,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2015	(9,501)	(16,164)	(25,665)
	Deutsche Bank AG	500,000	AUD	Fixed 6.000%	6 Month BBR-BBSW	Jun 2017	4,073	31,273	35,346
	Deutsche Bank AG	24,500,000	AUD	Fixed 6.500%	6 Month BBR-BBSW	Jun 2017	592,630	255,302	847,932
	Deutsche Bank AG	500,000,000	JPY	Fixed 2.500%	6 Month LIBOR	Dec 2027	(78,323)	(334,793)	(413,116)
	Deutsche Bank AG	6,400,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2035	462,620	68,542	531,162
	Deutsche Bank AG	1,900,000	GBP	Fixed 4.100%	6 Month LIBOR	Jun 2036	-	358,210	358,210
	Deutsche Bank AG	250,000,000	JPY	Fixed 2.500%	6 Month LIBOR	Jun 2036	19,664	(171,219)	(151,555)
	Deutsche Bank AG	34,500,000	EUR	Fixed 5.000%	6 Month EURIBOR	Mar 2038	644,687	(3,640,064)	(2,995,377)
	Goldman Sachs	58,600,000	HKD	Fixed 4.235%	3 Month HIBOR	Dec 2008	-	(133,007)	(133,007)
	Goldman Sachs	310,000,000	JPY	Fixed 1.300%	6 Month LIBOR	Sep 2011	(5,159)	(34,009)	(39,168)

HSBC Bank USA	11,900,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2010	(28,777)	(177,880)	(206,657)
HSBC Bank USA	10,640,000	EUR	Fixed 4.000%	6 Month EURIBOR	Dec 2014	238,611	35,119	273,730
HSBC Bank USA	45,700,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2013	(96,962)	497,677	400,715
HSBC Bank USA	1,300,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2015	(1,919)	(16,618)	(18,537)
JP Morgan Chase Bank	2,100,000	EUR	6 Month EURIBOR	Fixed 4.000%	Jun 2010	79,432	(102,851)	(23,419)
JP Morgan Chase Bank	11,700,000	EUR	Fixed 4.000%	6 Month EURIBOR	Dec 2011	142,075	14,074	156,149
JP Morgan Chase Bank	4,300,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2015	(11,188)	(50,124)	(61,312)
Lehman Brothers
Special Financing, Inc.	88,600,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2010	173,459	502,772	676,231
Lehman Brothers
Special Financing, Inc.	15,300,000	EUR	Fixed 4.000%	6 Month EURIBOR	Dec 2011	(98,052)	302,247	204,195
Lehman Brothers
Special Financing, Inc.	1,600,000	EUR	FRCPXTOB	Fixed 1.965%	Mar 2012	-	(35,331)	(35,331)
Lehman Brothers
Special Financing, Inc.	26,100,000	EUR	Fixed 4.000%	6 Month EURIBOR	Dec 2014	128,203	543,260	671,463
Lehman Brothers
Special Financing, Inc.	39,700,000	EUR	Fixed 4.000%	6 Month EURIBOR	Jun 2017	(166,205)	2,078,328	1,912,123
Lehman Brothers
Special Financing, Inc.	16,400,000	EUR	6 Month EURIBOR	Fixed 6.000%	Jun 2034	3,247,780	(620,232)	2,627,548
Merrill Lynch Capital
Services, Inc.	8,000,000	USD	Fixed 5.500%	CMM	May 2009	36,128	(286,486)	(250,358)
Merrill Lynch Capital
Services, Inc.	300,000	EUR	6 Month EURIBOR	Fixed 4.000%	Jun 2010	13,860	(17,204)	(3,344)
Merrill Lynch Capital
Services, Inc.	11,200,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2010	(97,625)	(96,875)	(194,500)
Merrill Lynch Capital
Services, Inc.	6,200,000	GBP	6 Month LIBOR	Fixed 5.000%	Mar 2018	(250,483)	280,293	29,810
Morgan Stanley Capital
Services, Inc.	3,300,000,000	JPY	6 Month LIBOR	Fixed 1.000%	Mar 2009	(17,860)	31,583	13,723
Morgan Stanley Capital
Services, Inc.	62,700,000	EUR	6 Month EURIBOR	Fixed 4.000%	Sep 2009	(745,587)	(121,027)	(866,614)
Morgan Stanley Capital
Services, Inc.	57,000,000	AUD	3 Month BBR-BBSW	Fixed 7.500%	Mar 2010	(64,702)	249,675	184,973
Morgan Stanley Capital
Services, Inc.	47,000,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2010	104,315	256,118	360,433
Morgan Stanley Capital
Services, Inc.	21,200,000	AUD	6 Month BBR-BBSW	Fixed 7.000%	Jun 2010	(4,864)	(111,173)	(116,037)
Morgan Stanley Capital
Services, Inc.	1,300,000	EUR	6 Month EURIBOR	Fixed 4.000%	Jun 2010	49,365	(65,015)	(15,650)
Morgan Stanley Capital
Services, Inc.	36,100,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2010	(2,556,680)	1,927,682	(628,998)
Morgan Stanley Capital
Services, Inc.	1,200,000,000	JPY	Fixed 1.500%	6 Month LIBOR	Dec 2010	45,589	(244,195)	(198,606)
Morgan Stanley Capital
Services, Inc.	500,000	EUR	Fixed 4.000%	6 Month EURIBOR	Dec 2011	3,447	3,227	6,674
Morgan Stanley Capital
Services, Inc.	62,538,413	BRL	CDI	Fixed 12.540%	Jan 2012	(281,511)	(474,942)	(756,453)
Morgan Stanley Capital
Services, Inc.	2,130,000,000	JPY	6 Month LIBOR	Fixed 1.500%	Dec 2012	201,338	242,146	443,484
Morgan Stanley Capital
Services, Inc.	13,400,000	GBP	6 Month LIBOR	Fixed 5.000%	Mar 2013	(557,501)	542,667	(14,834)
Morgan Stanley Capital
Services, Inc.	8,900,000	GBP	6 Month LIBOR	Fixed 5.500%	Mar 2013	3,850	372,938	376,788
Morgan Stanley Capital
Services, Inc.	26,600,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2013	32,744	200,495	233,239
Morgan Stanley Capital
Services, Inc.	58,500,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2015	(3,740,508)	(721,035)	(4,461,543)
Morgan Stanley Capital
Services, Inc.	2,000,000,000	JPY	Fixed 1.980%	6 Month LIBOR	Sep 2016	-	(1,177,653)	(1,177,653)
Morgan Stanley Capital
Services, Inc.	26,900,000	AUD	Fixed 6.500%	6 Month BBR-BBSW	Jun 2017	698,319	227,954	926,273
Morgan Stanley Capital
Services, Inc.	6,400,000	EUR	Fixed 4.000%	6 Month EURIBOR	Jun 2017	181,352	143,501	324,853
Morgan Stanley Capital
Services, Inc.	12,600,000	GBP	6 Month LIBOR	Fixed 5.000%	Mar 2018	(417,433)	478,012	60,579

	Morgan Stanley Capital
	Services, Inc.	50,900,000	USD	3 Month LIBOR	Fixed 5.000%	Jun 2018	1,877,089	1,766,903	3,643,992
	Morgan Stanley Capital
	Services, Inc.	7,800,000	AUD	Fixed 7.000%	6 Month BBR-BBSW	Mar 2019	107,030	(90,531)	16,499
	Morgan Stanley Capital
	Services, Inc.	8,000,000	EUR	6 Month EURIBOR	Fixed 4.500%	Jun 2034	(559,862)	12,025	(547,837)
	Morgan Stanley Capital
	Services, Inc.	22,300,000	EUR	6 Month EURIBOR	Fixed 6.000%	Jun 2034	4,013,194	(440,370)	3,572,824
	Morgan Stanley Capital
	Services, Inc.	2,890,000,000	JPY	Fixed 2.500%	6 Month LIBOR	Jun 2036	369,776	(2,119,918)	(1,750,142)
	Morgan Stanley Capital
	Services, Inc.	2,500,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2038	83,100	(215,266)	(132,166)
	The Royal Bank of
	Scotland PLC	15,300,000	GBP	6 Month LIBOR	Fixed 6.000%	Jun 2009	(44,254)	295,003	250,749
	The Royal Bank of
	Scotland PLC	449,800,000	USD	3 Month LIBOR	Fixed 4.000%	Jun 2010	11,188,775	2,152,968	13,341,743
	The Royal Bank of
	Scotland PLC	46,400,000	USD	3 Month LIBOR	Fixed 4.000%	Jun 2011	212,048	533,772	745,820
	The Royal Bank of
	Scotland PLC	2,100,000	EUR	FRCPXTOB	Fixed 1.955%	Mar 2012	-	(45,743)	(45,743)
	The Royal Bank of
	Scotland PLC	2,100,000	EUR	FRCPXTOB	Fixed 1.95%	Mar 2012	-	(47,047)	(47,047)
	The Royal Bank of
	Scotland PLC	110,000,000	EUR	6 Month EURIBOR	Fixed 4.000%	Sep 2013	(100,419)	(759,887)	(860,306)
	The Royal Bank of
	Scotland PLC	18,000,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2015	(535,953)	(836,830)	(1,372,783)
	The Royal Bank of
	Scotland PLC	10,700,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2015	(307,442)	154,874	(152,568)
	The Royal Bank of
	Scotland PLC	28,000,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2023	(1,310,780)	(316,180)	(1,626,960)
	The Royal Bank of
	Scotland PLC	2,600,000	EUR	6 Month EURIBOR	Fixed 4.500%	Jun 2034	(185,180)	7,133	(178,047)
	The Royal Bank of
	Scotland PLC	1,400,000	GBP	Fixed 5.500%	6 Month LIBOR	Dec 2036	(180,857)	(172,452)	(353,309)
	The Royal Bank of
	Scotland PLC	13,600,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2038	346,687	(1,065,669)	(718,982)
	UBS AG	20,400,000	AUD	6 Month BBR-BBSW	Fixed 7.250%	Jun 2011	(92,509)	92,337	(172)
	UBS AG	17,800,000	AUD	6 Month BBR-BBSW	Fixed 6.000%	Jun 2010	129,164	(635,156)	(505,992)
	UBS AG	3,400,000	EUR	6 Month EURIBOR	Fixed 4.000%	Jun 2010	143,590	(181,506)	(37,916)
	UBS AG	65,500,000	AUD	6 Month BBR-BBSW	Fixed 7.500%	Mar 2011	(102,182)	522,187	420,005
	UBS AG	2,690,000,000	JPY	6 Month LIBOR	Fixed 1.500%	Dec 2012	253,808	306,272	560,080
	UBS AG	11,900,000	AUD	Fixed 6.000%	6 Month BBR-BBSW	Jun 2015	(113,922)	906,740	792,818
	UBS AG	17,500,000	AUD	Fixed 7.000%	6 Month BBR-BBSW	Mar 2019	199,456	(142,666)	56,790
	UBS AG	400,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2026	37,124	(60,758)	(23,634)
	UBS AG	600,000,000	JPY	Fixed 2.500%	6 Month LIBOR	Jun 2036	4,212	(367,854)	(363,642)
							$10,790,854	($3,279,275)	$7,511,579
Real Return
Bond
	Bank of America N.A.	20,800,000	CAD	3 Month CBK	Fixed 5.000%	Jun 2012	$41,645	$637,046	$678,691
	Bank of America N.A.	15,400,000	CAD	Fixed 5.500%	3 Month CBK	Jun 2017	(241,108)	(263,363)	(504,471)
	Barclays Bank PLC	14,800,000	GBP	6 Month LIBOR	Fixed 5.000%	Jun 2009	(151,845)	(68,528)	(220,373)
	Barclays Bank PLC	16,100,000	AUD	6 Month BBR-BBSW	Fixed 7.00%	Dec 2009	8,015	(41,678)	(33,663)
	Barclays Bank PLC	50,000,000	USD	Fixed 4.00%	3 Month LIBOR	Jun 2010	(1,245,000)	(238,075)	(1,483,075)
	Barclays Bank PLC	1,800,000	EUR	FRCPXTOB	Fixed 2.1025%	Oct 2010	-	17,786	17,786
	Barclays Bank PLC	17,072,153	BRL	CDI	Fixed 10.68%	Jan 2012	(217,807)	(637,784)	(855,591)
	Barclays Bank PLC	1,100,000	EUR	FRCPXTOB	Fixed 1.9475%	Mar 2012	809	(24,476)	(23,667)
	Barclays Bank PLC	300,000	EUR	FRCPXTOB	Fixed 1.96%	Apr 2012	-	(6,802)	(6,802)
	Barclays Bank PLC	800,000	EUR	FRCPXTOB	Fixed 1.98%	Apr 2012	-	(18,487)	(18,487)
	Barclays Bank PLC	1,800,000	EUR	FRCPXTOB	Fixed 2.07%	Sep 2012	-	(28,296)	(28,296)

Barclays Bank PLC	10,600,000	USD	3 Month LIBOR	Fixed 4.00%	Jun 2013	(164,621)	464,690	300,069
Barclays Bank PLC	3,400,000	EUR	FRCPXTOB	Fixed 2.1375%	Jan 2016	-	(19,577)	(19,577)
			28-Day Mexico Interbank TIIE
Barclays Bank PLC	13,000,000	MXN	Banxico	Fixed 8.720%	Sep 2016	-	72,258	72,258
			28-Day Mexico Interbank TIIE
Barclays Bank PLC	10,500,000	MXN	Banxico	Fixed 8.330%	Feb 2017	-	33,565	33,565
Barclays Bank PLC	1,070,000,000	JPY	Fixed 2.00%	6 Month LIBOR	Jun 2017	(252,654)	(303,908)	(556,562)
Barclays Bank PLC	3,700,000	GBP	UKRPI	Fixed 3.25%	Dec 2017	15,094	(58,746)	(43,652)
Barclays Bank PLC	2,000,000	AUD	Fixed 6.750%	6 Month BBR-BBSW	Dec 2017	1,547	44,192	45,739
Barclays Bank PLC	5,400,000	EUR	Fixed 5.00%	6 Month EURIBOR	Mar 2018	(218,028)	(190,832)	(408,860)
Barclays Bank PLC	23,500,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2018	(721,450)	(960,943)	(1,682,393)
Barclays Bank PLC	5,200,000	GBP	Fixed 4.00%	6 Month LIBOR	Dec 2035	101,386	330,183	431,569
BNP Paribas	2,000,000	EUR	FRCPXTOB	Fixed 2.09%	Oct 2010	-	9,306	9,306
BNP Paribas	2,600,000	EUR	FRCPXTOB	Fixed 2.04%	Feb 2011	-	(7,708)	(7,708)
BNP Paribas	4,500,000	EUR	FRCPXTOB	Fixed 1.9875%	Dec 2011	-	(71,157)	(71,157)
Citigroup	15,000,000	EUR	FRCPXTOB	Fixed 2.11%	Nov 2008	-	(218,952)	(218,952)
Citigroup	4,300,000	AUD	6 Month BBR-BBSW	Fixed 6.50%	Jan 2010	(2,890)	(60,691)	(63,581)
			28-Day Mexico Interbank TIIE
Citigroup	62,900,000	MXN	Banxico	Fixed 8.17%	Nov 2016	14,053	127,395	141,448
Credit Suisse
International	6,900,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2010	(205,609)	191,205	(14,404)
Credit Suisse
International	2,700,000	GBP	Fixed 4.00%	6 Month LIBOR	Dec 2035	57,066	167,018	224,084
Deutsche Bank AG	17,000,000	AUD	6 Month BBR-BBSW	Fixed 6.50%	Jan 2010	(14,898)	(227,926)	(242,824)
Deutsche Bank AG	10,400,000	EUR	6 Month EURIBOR	Fixed 4.50%	Mar 2010	(5,495)	84,831	79,336
Deutsche Bank AG	18,700,000	GBP	6 Month LIBOR	Fixed 6.00%	Mar 2010	315,402	312,284	627,686
Deutsche Bank AG	60,500,000	AUD	6 Month BBR-BBSW	Fixed 7.00%	Jun 2010	3,647	(334,791)	(331,144)
Deutsche Bank AG	8,700,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2015	(291,531)	(371,981)	(663,512)
Deutsche Bank AG	220,000,000	JPY	Fixed 2.00%	6 Month LIBOR	Jun 2017	(52,622)	(61,811)	(114,433)
Deutsche Bank AG	49,100,000	USD	3 Month LIBOR	Fixed 4.00%	Jun 2019	309,183	552,679	861,862
Deutsche Bank AG	5,000,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2021	346,270	(681,337)	(335,067)
Deutsche Bank AG	5,300,000	USD	Fixed 5.00%	3 Month LIBOR	Dec 2026	491,893	(805,925)	(314,032)
Goldman Sachs	14,800,000	EUR	FRCPXTOB	Fixed 1.995%	Mar 2012	3,666	(270,702)	(267,036)
Goldman Sachs	600,000	EUR	FRCPXTOB	Fixed 1.96%	Mar 2012	-	(13,387)	(13,387)
Goldman Sachs	5,000,000	GBP	6 Month LIBOR	Fixed 5.00%	Mar 2013	32,979	(13,071)	19,908
Goldman Sachs	3,900,000	GBP	Fixed 5.00%	6 Month LIBOR	Sep 2015	150,372	(154,378)	(4,006)
			28-Day Mexico Interbank TIIE
Goldman Sachs	37,900,000	MXN	Banxico	Fixed 8.17%	Nov 2016	(3,127)	88,355	85,228
Goldman Sachs	3,200,000	GBP	UKRPI	Fixed 3.11%	Jan 2018	-	(103,220)	(103,220)
Goldman Sachs	2,000,000	USD	CPI-U	Fixed 2.97%	Mar 2018	-	32,461	32,461
HSBC Bank USA	1,800,000	GBP	Fixed 4.25%	6 Month LIBOR	Jun 2036	-	255,919	255,919
JP Morgan Chase Bank	2,800,000	AUD	6 Month BBR-BBSW	Fixed 6.50%	Jan 2010	(1,702)	(36,851)	(38,553)
JP Morgan Chase Bank	2,000,000	EUR	FRCPXTOB	Fixed 2.0275%	Oct 2011	-	(7,209)	(7,209)
JP Morgan Chase Bank	4,900,000	EUR	FRCPXTOB	Fixed 1.9725%	Dec 2011	-	(97,873)	(97,873)
JP Morgan Chase Bank	1,900,000	EUR	FRCPXTOB	Fixed 2.3525%	Oct 2016	-	7,818	7,818
Merrill Lynch Capital
Services, Inc.	16,676,910	BRL	CDI	Fixed 12.540%	Jan 2012	(97,094)	(104,627)	(201,721)
Merrill Lynch Capital			28-Day Mexico Interbank TIIE
Services, Inc.	20,800,000	MXN	Banxico	Fixed 8.17%	Nov 2016	(3,513)	50,288	46,775
Morgan Stanley Capital
Services, Inc.	3,300,000,000	JPY	6 Month LIBOR	Fixed 1.00%	Mar 2009	(70,996)	84,452	13,456
Morgan Stanley Capital
Services, Inc.	16,000,000	AUD	6 Month BBR-BBSW	Fixed 7.00%	Dec 2009	8,590	(42,044)	(33,454)
Morgan Stanley Capital
Services, Inc.	14,100,000	GBP	6 Month LIBOR	Fixed 5.00%	Dec 2009	(36,713)	112,663	75,950
Morgan Stanley Capital
Services, Inc.	10,400,000	EUR	6 Month EURIBOR	Fixed 4.50%	Mar 2010	(5,525)	112,538	107,013
Morgan Stanley Capital
Services, Inc.	30,000,000	USD	Fixed 4.00%	3 Month LIBOR	Jun 2010	(945,900)	63,119	(882,781)

	Morgan Stanley Capital
	Services, Inc.	1,924,259	BRL	CDI	Fixed 12.540%	Jan 2012	(8,662)	(14,613)	(23,275)
	Morgan Stanley Capital
	Services, Inc.	6,613,429	BRL	CDI	Fixed 10.115%	Jan 2012	(169,093)	(250,893)	(419,986)
	Morgan Stanley Capital
	Services, Inc.	5,200,000	EUR	Fixed 4.00%	6 Month EURIBOR	Jun 2017	(34,620)	282,308	247,688
	Morgan Stanley Capital
	Services, Inc.	2,000,000	AUD	Fixed 6.75%	6 Month BBR-BBSW	Dec 2017	758	44,981	45,739
	Morgan Stanley Capital
	Services, Inc.	2,000,000	USD	Fixed 2.97%	CPI-U	Mar 2018	-	26,447	26,447
	Morgan Stanley Capital
	Services, Inc.	10,000,000	EUR	6 Month EURIBOR	Fixed 4.50%	Jun 2034	(683,187)	(1,609)	(684,796)
	Morgan Stanley Capital
	Services, Inc.	1,300,000	USD	3 Month LIBOR	Fixed 5.00%	Jun 2038	(43,212)	111,938	68,726
	Royal Bank of Canada	1,800,000	AUD	6 Month BBR-BBSW	Fixed 6.50%	Jan 2010	(2,022)	(24,594)	(26,616)
	The Royal Bank of
	Scotland PLC	93,100,000	USD	Fixed 4.00%	3 Month LIBOR	Jun 2010	(2,209,130)	(552,356)	(2,761,486)
	The Royal Bank of
	Scotland PLC	8,500,000	GBP	6 Month LIBOR	Fixed 5.00%	Sep 2010	(261,028)	243,284	(17,744)
	The Royal Bank of
	Scotland PLC	1,900,000	EUR	FRCPXTOB	Fixed 1.955%	Mar 2012	-	(41,387)	(41,387)
	The Royal Bank of
	Scotland PLC	1,200,000	EUR	FRCPXTOB	Fixed 1.95%	Mar 2012	-	(26,884)	(26,884)
	The Royal Bank of
	Scotland PLC	10,700,000	GBP	Fixed 5.00%	6 Month LIBOR	Sep 2013	143,273	(49,451)	93,822
	The Royal Bank of
	Scotland PLC	12,100,000	USD	Fixed 5.00%	3 Month LIBOR	Jun 2015	(210,782)	(712,033)	(922,815)
	The Royal Bank of
	Scotland PLC	630,000,000	JPY	Fixed 2.00%	6 Month LIBOR	Jun 2017	(122,231)	(205,464)	(327,695)
	The Royal Bank of
	Scotland PLC	100,000	CAD	Fixed 5.50%	3 Month CBK	Jun 2017	(151)	(3,125)	(3,276)
	The Royal Bank of
	Scotland PLC	6,100,000	GBP	UKRPI	Fixed 3.1825%	Dec 2017	4,468	(107,577)	(103,109)
	The Royal Bank of
	Scotland PLC	1,300,000	GBP	UKRPI	Fixed 3.44%	Sep 2027	-	(66,528)	(66,528)
	UBS AG	108,900,000	USD	3 Month LIBOR	Fixed 5.00%	Jun 2009	(274,428)	3,250,763	2,976,335
	UBS AG	2,700,000	EUR	FRCPXTOB	Fixed 2.1455%	Oct 2010	-	23,143	23,143
	UBS AG	4,100,000	EUR	FRCPXTOB	Fixed 2.095%	Oct 2011	-	(1,521)	(1,521)
	UBS AG	2,000,000	EUR	FRCPXTOB	Fixed 2.35%	Oct 2016	-	3,235	3,235
	UBS AG	2,000,000	EUR	Fixed 2.275%	CPTFEMU	Oct 2016	-	3,236	3,236
							($6,918,558)	($763,785)	($7,682,343)
Spectrum
Income
	JP Morgan Chase Bank	830,000,000	KRW	3M KW-CDC	Fixed 5.290%	Jun 2012	-	$13,725	$13,725
	JP Morgan Chase Bank	232,000,000	KRW	3M KW-CDC	Fixed 5.060%	Jun 2012	-	1,832	1,832
	JP Morgan Chase Bank	608,000,000	KRW	3M KW-CDC	Fixed 5.200%	Jun 2012	-	7,993	7,993
	JP Morgan Chase Bank	608,000,000	KRW	3M KW-CDC	Fixed 5.180%	Jun 2012	-	7,524	7,524
							-	$31,074	$31,074
Total Return
	Bank of America	3,800,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2038	$131,395	($334,284)	($202,889)
	Barclays Bank PLC	14,200,000	GBP	6 Month LIBOR	Fixed 6.000%	Dec 2008	45,653	29,228	74,881
	Barclays Bank PLC	8,000,000	GBP	6 Month LIBOR	Fixed 6.000%	Mar 2009	60,312	9,803	70,115
	Barclays Bank PLC	8,500,000	GBP	6 Month LIBOR	Fixed 5.000%	Jun 2009	(249,692)	123,150	(126,542)
	Barclays Bank PLC	7,940,045	BRL	CDI	Fixed 11.360%	Jan 2010	-	(139,350)	(139,350)
	Barclays Bank PLC	4,800,000	EUR	FRCPXTOB	Fixed 2.103%	Oct 2010	-	47,430	47,430
	Barclays Bank PLC	700,000	EUR	FRCPXTOB	Fixed 1.960%	Apr 2012	-	(15,872)	(15,872)
	Barclays Bank PLC	15,000,000	USD	Fixed 4.000%	3 Month LIBOR	Jun 2013	(60,710)	(363,916)	(424,626)
	Barclays Bank PLC	2,700,000	GBP	6 Month LIBOR	Fixed 4.750%	Sep 2013	(5,216)	(28,355)	(33,571)

Barclays Bank PLC	6,600,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2013	66,859	(8,988)	57,871
Barclays Bank PLC	290,000,000	JPY	6 Month LIBOR	Fixed 2.000%	Dec 2017	16,784	142,848	159,632
Barclays Bank PLC	7,500,000	EUR	6 Month EURIBOR	Fixed 4.000%	Jun 2018	(460,970)	82,379	(378,591)
Barclays Bank PLC	1,800,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2036	210,902	171,126	382,028
BNP Paribas	16,500,000	USD	USSP5 BPS	Fixed 0.763%	Feb 2009	3,630	(9,161)	(5,531)
BNP Paribas	8,400,000	USD	USSP2 BPS	Fixed 0.710%	Sep 2009	3,560	(22,960)	(19,400)
BNP Paribas	1,100,000	EUR	FRCPXTOB	Fixed 2.090%	Oct 2010	-	5,118	5,118
			28-Day Mexico Interbank TIIE
Citibank N.A.	7,000,000	MXN	Banxico	Fixed 8.170%	Nov 2016	-	15,740	15,740
Credit Suisse
International	1,700,000	GBP	6 Month LIBOR	Fixed 5.000%	Jun 2009	(40,220)	27,120	(13,100)
Deutche Bank AG	8,500,000	GBP	6 Month LIBOR	Fixed 6.000%	Dec 2008	29,823	15,001	44,824
Deutche Bank AG	15,300,000	EUR	6 Month EURIBOR	Fixed 5.000%	Dec 2009	67,645	206,021	273,666
Deutche Bank AG	125,600,000	USD	3 Month LIBOR	Fixed 4.000%	Jun 2010	2,073,319	1,652,165	3,725,484
Deutche Bank AG	7,100,000	AUD	6 Month BBSW	Fixed 7.000%	Mar 2013	50,381	(112,950)	(62,569)
Deutche Bank AG	24,700,000	USD	Fixed 4.000%	3 Month LIBOR	Jun 2013	(534,384)	(164,833)	(699,217)
Deutche Bank AG	560,000,000	JPY	6 Month LIBOR	Fixed 2.000%	Dec 2017	30,663	277,590	308,253
Deutche Bank AG	9,700,000	AUD	Fixed 6.500%	6 Month BBSW	Mar 2018	(67,468)	174,347	106,879
Deutche Bank AG	3,700,000	GBP	Fixed 4.000%	6 month LIBOR	Dec 2036	1,003,990	(218,711)	785,279
Deutche Bank AG	1,300,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2038	(85,670)	16,260	(69,410)
HSBC Bank USA	3,200,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2036	486,715	192,445	679,160
Lehman Brothers
Special Financing, Inc.	19,700,000	GBP	6 Month LIBOR	Fixed 4.500%	Sep 2009	-	(775,308)	(775,308)
Merrill Lynch Capital
Serivces, Inc.	5,700,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2038	(259,168)	(42,170)	(301,338)
Merrill Lynch Capital
Serivces, Inc.	5,700,000	USD	Fixed 5.000%	CMM	Feb 2009	389,814	(307,341)	82,473
Merrill Lynch Capital
Serivces, Inc.	6,900,000	USD	Fixed 5.500%	CMM	May 2009	31,160	(247,094)	(215,934)
Merrill Lynch Capital
Serivces, Inc.	7,270,309	BRL	CDI	Fixed 11.430%	Jan 2010	-	(120,465)	(120,465)
Merrill Lynch Capital
Serivces, Inc.	2,742,716	BRL	CDI	Fixed 12.948%	Jan 2010	2,958	9,227	12,185
Merrill Lynch Capital
Serivces, Inc.	7,123,808	BRL	CDI	Fixed 11.980%	Jan 2012	-	(159,584)	(159,584)
Merrill Lynch Capital
Serivces, Inc.	800,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2035	-	66,395	66,395
Morgan Stanley Capital
Serivices Inc.	6,713,062	BRL	CDI	Fixed 12.780%	Jan 2010	4,463	8,187	12,650
Morgan Stanley Capital
Serivices Inc.	14,600,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2010	(10,875)	122,945	112,070
Morgan Stanley Capital
Serivices Inc.	14,100,000	EUR	6 Month EURIBOR	Fixed 4.000%	Jun 2010	50,404	(104,937)	(54,533)
Morgan Stanley Capital
Serivices Inc.	4,100,000	EUR	6 Month EURIBOR	Fixed 4.000%	Sep 2013	36,214	(66,611)	(30,397)
Morgan Stanley Capital
Serivices Inc.	3,800,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2038	(219,787)	18,895	(200,892)
The Royal Bank of
Scotland PLC	7,400,000	GBP	6 Month LIBOR	Fixed 6.000%	Mar 2009	59,470	5,387	64,857
The Royal Bank of
Scotland PLC	103,500,000	USD	3 Month LIBOR	Fixed 4.000%	Jun 2010	2,691,323	378,642	3,069,965
The Royal Bank of
Scotland PLC	1,900,000	EUR	FRCPXTOB	Fixed 1.955%	Mar 2012	-	(41,387)	(41,387)
The Royal Bank of
Scotland PLC	3,000,000	EUR	FRCPXTOB	Fixed 1.950%	Mar 2012	-	(67,210)	(67,210)
The Royal Bank of
Scotland PLC	59,200,000	USD	Fixed 4.000%	3 Month LIBOR	Jun 2013	(950,879)	(724,978)	(1,675,857)
The Royal Bank of
Scotland PLC	2,800,000	GBP	6 Month LIBOR	Fixed 4.750%	Sep 2013	(7,815)	(26,999)	(34,814)
The Royal Bank of
Scotland PLC	4,900,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2036	715,276	324,689	1,039,965
The Royal Bank of
Scotland PLC	9,000,000	USD	Fixed 5.000%	3 Month LIBOR	Jun 2038	(493,661)	17,864	(475,797)

UBS AG	67,100,000	AUD	3 Month BBSW	Fixed 7.000%	Sep 2009	79,966	(250,479)	(170,513)
UBS AG	4,000,000	AUD	3 Month BBSW	Fixed 7.500%	Mar 2010	(11,159)	24,140	12,981
UBS AG	1,100,000	EUR	FRCPXTOB	Fixed 2.146%	Oct 2010	-	9,429	9,429
UBS AG	25,100,000	AUD	6 Month BBSW	Fixed 7.500%	Mar 2011	106,228	54,721	160,949
UBS AG	10,622,565	BRL	CDI	Fixed 10.575%	Jan 2012	(254,230)	(301,572)	(555,802)
UBS AG	7,953,603	BRL	CDI	Fixed 12.540%	Jan 2012	(6,286)	(89,919)	(96,205)
						$4,730,717	($517,142)	$4,213,575

* At the expiration date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered.

The Portfolios had the following credit default swap contracts open at March 31, 2008:

								Upfront
								Payments	Unrealized
					Buy/Sell	(Pay)/Received		Made	Appreciation
Portfolio	Counterparty	Issuer	Notional Amount	Currency	Protection †	Fixed Rate	Termination Date	(Received)	(Depreciation)	Value
Active
Bond
	Bank Of America,
	N.A.	Washington Mutual, Inc.	5,000,000	USD	Buy	(4.050)%	Dec 2012	-	$158,143	$158,143
	Bank Of America,
	N.A.	CIT Group, Inc.	3,500,000	USD	Buy	(6.500)%	Mar 2013	-	189,883	189,883
	Bank Of America,
	N.A.	CDX,NA.IG.10	16,000,000	USD	Buy	(1.550)%	Jun 2013	($127,727)	130,483	2,756
	Bank Of America,
	N.A.	CDX,NA.IG.10	20,000,000	USD	Buy	(1.550)%	Jun 2013	(194,801)	188,774	(6,027)
	UBS Securities	Dominion Resources, Inc.	11,000,000	USD	Buy	(2.550)%	Mar 2013	-	(345,612)	(345,612)
	UBS Securities	Royal Bank of Scotland	11,000,000	USD	Buy	(4.550)%	Mar 2013	-	(417,107)	(417,107)
								($322,528)	($95,436)	($417,964)
Global
Bond
	Bank of America N.A.	Lehman Brothers Holdings Inc.	3,400,000	USD	Sell	0.150 %	Jun 2008	-	($29,451)	($29,451)
	Bank of America N.A.	Merrill Lynch & Co. Inc.	1,200,000	USD	Sell	0.150 %	Jun 2008	-	(7,757)	(7,757)
	Bank of America N.A.	GMAC LLC	900,000	USD	Sell	8.850 %	Mar 2009	-	(50,104)	(50,104)
	Bank of America N.A.	Federated Department Stores, Inc.	300,000	USD	Buy	(0.190)%	Sep 2009	-	6,718	6,718
	Bank of America N.A.	Consumers Energy Company	700,000	USD	Buy	(0.090)%	Mar 2012	-	36,656	36,656
	Bank of America N.A.	CDX.NA.IG.8	121,200,000	USD	Buy	(0.350)%	Jun 2012	$1,882,158	3,982,544	5,864,702
	Bank of America N.A.	Noble Corporation	2,900,000	USD	Buy	(0.542)%	Jun 2012	-	6,115	6,115
	Bank of America N.A.	Ford Motor Credit Company LLC	1,500,000	USD	Sell	3.950 %	Dec 2012	-	(235,154)	(235,154)
	Bank of America N.A.	CNA Financial Corporation	4,000,000	USD	Buy	(0.940)%	Dec 2014	-	91,671	91,671
	Bank of America N.A.	Autozone, Inc.	1,500,000	USD	Buy	(0.600)%	Jun 2017	-	62,695	62,695
	Bank of America N.A.	CDX.NA.IG.8	16,000,000	USD	Buy	(0.600)%	Jun 2017	240,875	746,782	987,657
	Bank of America N.A.	Diamond Offshore Drilling, Inc.	1,000,000	USD	Buy	(0.485)%	Jun 2017	-	17,393	17,393
	Barclays Bank PLC	SLM Corporation	100,000	USD	Sell	3.100 %	Dec 2008	-	(4,655)	(4,655)
	Barclays Bank PLC	SLM Corporation	1,600,000	USD	Sell	4.000 %	Mar 2009	-	(84,095)	(84,095)
	Barclays Bank PLC	National Grid PLC	1,700,000	USD	Buy	(0.2075)%	Jun 2011	-	30,903	30,903
	Barclays Bank PLC	Noble Corporation	300,000	USD	Buy	(0.530)%	Jun 2012	-	777	777
		ITRAXX Europe SUB Financials Series 8
	Barclays Bank PLC	Version 1	12,500,000	EUR	Buy	(0.700)%	Dec 2012	16,513	876,462	892,975
	Barclays Bank PLC	Kingdom of Spain	33,200,000	USD	Sell	0.260 %	Mar 2013	-	(138,930)	(138,930)
	Barclays Bank PLC	The Goldman Sachs Group Inc.	700,000	USD	Buy	(1.520)%	Jun 2013	-	(2,447)	(2,447)
	Barclays Bank PLC	CDX.NA.IG.8	97,500,000	USD	Buy	(0.600)%	Jun 2017	3,420,262	2,580,656	6,000,918
	Barclays Bank PLC	CDX.NA.IG.8	20,200,000	USD	Buy	(0.600)%	Jun 2017	271,250	945,367	1,216,617

Barclays Bank PLC	Diamond Offshore Drilling, Inc.	400,000	USD	Buy	(0.470)%	Jun 2017	-	7,418	7,418
Bear Stearns
International, LTD.	Daimler Chrysler AG	300,000	USD	Buy	(0.520)%	Jun 2010	-	914	914
Bear Stearns
International, LTD.	CNA Financial Corporation	900,000	USD	Buy	(0.440)%	Sep 2011	-	19,280	19,280
Bear Stearns
International, LTD.	Diamond Offshore Drilling, Inc.	500,000	USD	Buy	(0.230)%	Jun 2012	-	6,225	6,225
Bear Stearns
International, LTD.	Kraft Foods Inc.	1,300,000	USD	Buy	(0.170)%	Jun 2012	-	42,645	42,645
Bear Stearns
International, LTD.	Weyerhaeuser Company	3,000,000	USD	Buy	(0.550)%	Jun 2012	-	138,056	138,056
Bear Stearns
International, LTD.	Nisource Finance Corporation	400,000	USD	Buy	(0.620)%	Sep 2014	-	27,334	27,334
Bear Stearns
International, LTD.	Morgan Stanley	1,000,000	USD	Buy	(0.285)%	Dec 2015	-	90,797	90,797
Bear Stearns
International, LTD.	Goldman Sachs Group Inc.	1,100,000	USD	Buy	(0.330)%	Mar 2016	-	83,978	83,978
Bear Stearns
International, LTD.	Loews Corporation	400,000	USD	Buy	(0.330)%	Mar 2016	-	9,534	9,534
Bear Stearns
International, LTD.	Ryder System, Inc.	1,100,000	USD	Buy	(0.460)%	Dec 2016	-	62,674	62,674
Bear Stearns
International, LTD.	Sprint Nextel Corporation	1,400,000	USD	Buy	(1.125)%	Dec 2016	-	329,561	329,561
BNP Paribas	JP Morgan Chase & Co	2,700,000	USD	Buy	(0.737)%	Mar 2018	-	65,516	65,516
BNP Paribas	The Bear Stearns Companies Inc.	5,900,000	USD	Buy	(2.180)%	Mar 2018	-	(295,036)	(295,036)
Citibank N.A.	The Goldman Sachs Group Inc.	2,800,000	USD	Buy	(1.370)%	Jun 2018	-	(639)	(639)
Citibank N.A.	GMAC LLC	700,000	USD	Sell	8.650 %	Mar 2009	-	(40,206)	(40,206)
Citibank N.A.	SLM Corporation	1,800,000	USD	Sell	4.300 %	Mar 2009	-	(89,552)	(89,552)
Citibank N.A.	Sara Lee Corporation	800,000	USD	Buy	(0.330)%	Sep 2011	-	9,031	9,031
Citibank N.A.	CDX.NA.HY.8	1,200,000	USD	Sell	3.297 %	Jun 2012	-	(41,656)	(41,656)
Citibank N.A.	Autozone, Inc.	800,000	USD	Buy	(0.680)%	Dec 2012	-	14,509	14,509
Citibank N.A.	Sealed Air Corporation	1,200,000	USD	Buy	(0.590)%	Sep 2013	-	56,030	56,030
Credit Suisse
International	GAZPROM	2,200,000	USD	Sell	1.330 %	Dec 2008	-	597	597
Credit Suisse
International	Johnson Controls, Inc.	900,000	USD	Buy	(0.240)%	Mar 2011	-	11,693	11,693
Deutsche Bank AG	Lehman Brothers Holdings Inc.	4,100,000	USD	Sell	0.160 %	Jun 2008	-	(33,993)	(33,993)
Deutsche Bank AG	Morgan Stanley	4,700,000	USD	Sell	0.140 %	Jun 2008	-	(19,165)	(19,165)
Deutsche Bank AG	The Bear Stearns Companies Inc.	5,000,000	USD	Sell	0.160 %	Jun 2008	-	(33,285)	(33,285)
Deutsche Bank AG	The Bear Stearns Companies Inc.	1,600,000	USD	Sell	0.160 %	Jun 2008	-	(10,652)	(10,652)
Deutsche Bank AG	The Goldman Sachs Group Inc.	3,400,000	USD	Sell	0.120 %	Jun 2008	-	(8,012)	(8,012)
Deutsche Bank AG	VTB CAPITAL SA	2,200,000	USD	Sell	1.070 %	Dec 2008	-	2,898	2,898
Deutsche Bank AG	GMAC LLC	1,500,000	USD	Sell	9.500 %	Mar 2009	-	(75,002)	(75,002)
Deutsche Bank AG	SLM Corporation	3,100,000	USD	Sell	3.050 %	Mar 2009	-	(190,495)	(190,495)
Deutsche Bank AG	International Paper Company	1,100,000	USD	Buy	(0.500)%	Jun 2012	-	84,376	84,376
Deutsche Bank AG	ACE Limited	500,000	USD	Buy	(0.390)%	Jun 2014	-	7,720	7,720
Deutsche Bank AG	Tate & Lyle Public Limited Company	400,000	USD	Buy	(0.510)%	Dec 2014	-	24,436	24,436
Deutsche Bank AG	International Paper Company	1,000,000	USD	Buy	(0.700)%	Jun 2017	-	137,598	137,598
Deutsche Bank AG	CDX.NA.IG.9	8,400,000	USD	Buy	(0.800)%	Dec 2017	314,812	48,129	362,941
HSBC Bank USA	JSC “Gazprom”	3,400,000	USD	Sell	1.030 %	Dec 2008	-	368	368
HSBC Bank USA	GAZPROM	1,000,000	USD	Sell	1.500 %	Jan 2009	-	158	158
JP Morgan Chase
Bank	Glitnir Banki HF.	900,000	USD	Buy	(0.340)%	Mar 2011	-	202,387	202,387
JP Morgan Chase
Bank	Federative Republic of Brazil	4,300,000	USD	Sell	1.345 %	Aug 2011	-	4,922	4,922
JP Morgan Chase
Bank	CNA Financial Corporation	700,000	USD	Buy	(0.440)%	Sep 2011	-	14,218	14,218
JP Morgan Chase
Bank	Health Care Property Investors, Inc.	300,000	USD	Buy	(0.610)%	Sep 2011	-	32,921	32,921
Lehman Brothers
Special Financing,	Federal National Mortgage Association	6,900,000	USD	Buy	(0.510)%	Jun 2013	-	(391)	(391)

Inc.
Lehman Brothers
Special Financing,
Inc.	CMBX.NA.AAA.3	4,100,000	USD	Buy	(0.080)%	Dec 2049	408,925	1,560	410,485
Lehman Brothers
Special Financing,
Inc.	GAZPROM	4,300,000	USD	Sell	1.350 %	Dec 2008	-	3,168	3,168
Lehman Brothers
Special Financing,
Inc.	Alcan Inc	1,200,000	USD	Buy	(0.140)%	Mar 2011	-	8,955	8,955
Lehman Brothers
Special Financing,
Inc.	Federative Republic of Brazil	3,100,000	USD	Sell	1.370 %	Aug 2011	-	6,117	6,117
Lehman Brothers
Special Financing,
Inc.	Federative Republic of Brazil	8,100,000	USD	Sell	1.280 %	Aug 2011	-	(8,172)	(8,172)
Lehman Brothers
Special Financing,
Inc.	Federative Republic of Brazil	4,900,000	USD	Sell	1.350 %	Aug 2011	-	6,421	6,421
Lehman Brothers
Special Financing,
Inc.	CDX.NA.HY.8	2,100,000	USD	Sell	3.920 %	Jun 2012	-	(19,710)	(19,710)
Lehman Brothers
Special Financing,
Inc.	GMAC LLC	3,000,000	USD	Sell	4.900 %	Sep 2012	-	(570,965)	(570,965)
Lehman Brothers
Special Financing,
Inc.	Ford Motor Credit Company LLC	3,000,000	USD	Sell	3.650 %	Dec 2012	-	(494,327)	(494,327)
Lehman Brothers
Special Financing,
Inc.	Bellsouth Corporation	1,000,000	USD	Buy	(0.325)%	Sep 2014	-	16,504	16,504
Merrill Lynch
International	Xerox Corporation	1,300,000	USD	Buy	(0.130)%	Jan 2009	-	9,177	9,177
Merrill Lynch
International	CDX.NA.IG.3	1,984,000	USD	Sell	0.500 %	Mar 2010	-	(32,233)	(32,233)
Merrill Lynch
International	Boston Scientific Corporation	1,000,000	USD	Buy	(0.510)%	Jun 2011	-	58,573	58,573
Merrill Lynch
International	Federative Republic of Brazil	6,300,000	USD	Sell	1.340 %	Aug 2011	-	6,168	6,168
Merrill Lynch
International	International Lease Finance Corporation	1,100,000	USD	Buy	(0.130)%	Mar 2012	-	66,381	66,381
Merrill Lynch
International	CDX.NA.HY.8	11,500,000	USD	Sell	2.090 %	Jun 2012	-	(963,493)	(963,493)
Merrill Lynch
International	CDX.NA.HY.8	2,800,000	USD	Sell	3.884 %	Jun 2012	-	(30,378)	(30,378)
Merrill Lynch
International	CDX.NA.IG.8	20,000,000	USD	Buy	(0.350)%	Jun 2012	310,587	657,186	967,773
Merrill Lynch
International	Meadwestvaco Corporation	1,500,000	USD	Buy	(0.580)%	Jun 2012	-	62,675	62,675
Merrill Lynch
International	Exelon Corporation	1,000,000	USD	Buy	(0.520)%	Jun 2015	-	69,752	69,752
Morgan Stanley
Capital Services Inc.	CDX.NA.IG.3	6,944,000	USD	Sell	0.500 %	Mar 2010	-	(112,815)	(112,815)
Morgan Stanley
Capital Services, Inc.	Russian Federation	200,000	USD	Sell	0.245 %	Jun 2008	-	3	3
Morgan Stanley
Capital Services, Inc.	GAZPROM	1,200,000	USD	Sell	1.320 %	Dec 2008	-	247	247
Morgan Stanley
Capital Services, Inc.	GAZPROM	1,000,000	USD	Sell	1.330 %	Dec 2008	-	124	124
Morgan Stanley
Capital Services, Inc.	Republic of Turkey	100,000	USD	Buy	(2.700)%	Sep 2010	-	(1,125)	(1,125)
Morgan Stanley
Capital Services, Inc.	Viacom Inc.	300,000	USD	Buy	(0.640)%	Jun 2011	-	8,176	8,176
Morgan Stanley
Capital Services, Inc.	Federative Republic of Brazil	6,600,000	USD	Sell	1.380 %	Aug 2011	-	15,207	15,207
Morgan Stanley	Lockheed Martin Corporation	1,100,000	USD	Buy	(0.089)%	Jun 2012	-	10,127	10,127

	Capital Services, Inc.
	Morgan Stanley
	Capital Services, Inc.	Progress Energy Inc.	1,000,000	USD	Buy	(0.105)%	Jun 2012	-	17,344	17,344
	Morgan Stanley
	Capital Services, Inc.	Masco Corporation	300,000	USD	Buy	(0.580)%	Sep 2012	-	26,963	26,963
	Morgan Stanley
	Capital Services, Inc.	CMBX.NA.AAA.3	4,100,000	USD	Sell	0.080 %	Dec 2049	(614,517)	204,739	(409,778)
	RBC Dominion	Daimler Chrysler AG	1,000,000	USD	Buy	(0.350)%	Jun 2009	-	1,332	1,332
	RBC Dominion	JP Morgan Chase & Co	900,000	USD	Buy	(0.310)%	Mar 2016	-	73,544	73,544
	The Royal Bank of
	Scotland PLC	Landsbanki Islands HF.	1,000,000	USD	Buy	(0.330)%	Sep 2009	-	107,148	107,148
	The Royal Bank of
	Scotland PLC	Canadian Natural Resources Limited	1,100,000	USD	Buy	(0.191)%	Sep 2011	-	26,958	26,958
	The Royal Bank of
	Scotland PLC	CVS Corporation	300,000	USD	Buy	(0.240)%	Sep 2011	-	2,572	2,572
	The Royal Bank of
	Scotland PLC	Daimler Chrysler AG	400,000	USD	Buy	(0.620)%	Sep 2011	-	2,654	2,654
	The Royal Bank of
	Scotland PLC	Kaupthing Banki HF.	1,000,000	USD	Buy	(0.490)%	Dec 2011	-	233,897	233,897
	The Royal Bank of
	Scotland PLC	Glitnir Banki HF.	1,100,000	USD	Buy	(0.290)%	Mar 2012	-	284,562	284,562
	The Royal Bank of
	Scotland PLC	Supervalu Inc.	800,000	USD	Sell	2.450 %	Sep 2012	-	6,496	6,496
	The Royal Bank of
	Scotland PLC	Morgan Stanley	1,200,000	USD	Buy	(1.850)%	Jun 2013	-	(308)	(308)
	The Royal Bank of
	Scotland PLC	Morgan Stanley	1,100,000	USD	Buy	(0.295)%	Dec 2015	-	99,190	99,190
	The Royal Bank of
	Scotland PLC	The Bear Stearns Companies Inc.	900,000	USD	Buy	(2.223)%	Mar 2018	-	(47,913)	(47,913)
	UBS AG	Boston Scientific Corporation	1,600,000	USD	Buy	(2.060)%	Jun 2016	-	47,174	47,174
	UBS AG	Meadwestvaco Corporation	1,400,000	USD	Buy	(1.060)%	Jun 2017	-	78,006	78,006
	UBS AG	JP Morgan Chase & Co	1,800,000	USD	Buy	(0.730)%	Mar 2018	-	44,677	44,677
	Wachovia Capital
	Market, Inc.	Global Santa Fe Corporation	700,000	USD	Buy	(0.520)%	Jun 2012	-	(3,196)	(3,196)
								$6,250,865	$9,509,127	$15,759,992
Managed
	Bank Of America,
	N.A.	CIT Group Inc.	2,200,000	USD	Buy	(6.500)%	Mar-2013	-	$141,599	$141,599
	Bank Of America,
	N.A.	CDX,NA.IG.10	5,000,000	USD	Buy	(1.550)%	Jun-2013	($46,117)	43,319	(2,798)
	Bank Of America,
	N.A.	CDX,NA.IG.10	5,000,000	USD	Buy	(1.550)%	Jun-2013	(36,901)	36,255	(646)
	Bank Of America,
	N.A.	CDX,NA.IG.10	5,000,000	USD	Buy	(1.550)%	Jun-2013	(24,687)	(2,371)	(27,058)
	UBS Securities	DRIs	4,000,000	USD	Buy	(2.550)%	Mar-2013	-	(125,677)	(125,677)
	UBS Securities	RYLs	4,000,000	USD	Buy	(4.550)%	Mar-2013	-	(116,924)	(116,924)
	Total							($107,705)	($23,799)	($131,504)
Real
Return
Bond
	Bank of America N.A.	CDX.NA.HY.8	2,970,000	USD	Buy	(2.750)%	Jun 2012	$70,538	$234,245	$304,783
	Bank of America N.A.	CDX.NA.HY.8	100,000	USD	Buy	(1.400)%	Jun 2012	4,068	5,989	10,057
	Bank of America N.A.	CDX.NA.IG.8	2,700,000	USD	Buy	(0.350)%	Jun 2012	37,240	93,409	130,649
	Bank of America N.A.	GMAC, LLC	700,000	USD	Sell	7.000 %	Sep 2012	-	(105,717)	(105,717)
	Bank of America N.A.	Masco Corporation	3,300,000	USD	Buy	(0.870)%	Dec 2012	-	269,136	269,136
	Bank of America N.A.	Merrill Lynch International & Co., Inc.	1,300,000	USD	Buy	(0.950)%	Dec 2012	-	91,261	91,261
	Bank of America N.A.	Marriott International, Inc.	5,000,000	USD	Buy	(1.730)%	Jun 2017	-	205,418	205,418
	Bank of America N.A.	YUM! Brands, Inc.	3,000,000	USD	Buy	(1.245)%	Mar 2018	-	(58,327)	(58,327)

Barclays Bank PLC	GMAC, LLC	1,100,000	USD	Sell	1.400 %	Sep 2008	-	(60,311)	(60,311)
Barclays Bank PLC	Panama	2,600,000	USD	Sell	0.300 %	Dec 2008	-	(7,658)	(7,658)
Barclays Bank PLC	Peru	1,300,000	USD	Sell	0.350 %	Dec 2008	-	83	83
Barclays Bank PLC	Russian Federation	1,300,000	USD	Sell	0.330 %	Dec 2008	-	(1,924)	(1,924)
Barclays Bank PLC	Ukraine	1,300,000	USD	Sell	0.780 %	Dec 2008	-	(4,081)	(4,081)
Barclays Bank PLC	CDX.NA.HY.8	4,455,000	USD	Buy	(2.750)%	Jun 2012	191,072	266,103	457,175
Barclays Bank PLC	Ford Motor Credit Company, LLC	500,000	USD	Sell	3.800 %	Sep 2012	-	(83,201)	(83,201)
Barclays Bank PLC	GMAC, LLC	200,000	USD	Sell	3.050 %	Sep 2012	-	(49,583)	(49,583)
Barclays Bank PLC	General Electric Captial Corporation	800,000	USD	Sell	1.010 %	Mar 2013	-	(9,850)	(9,850)
Barclays Bank PLC	Everest Reinsurance Holdings, Inc.	1,000,000	USD	Buy	(0.535)%	Dec 2014	-	30,691	30,691
Barclays Bank PLC	The Black & Decker Corporation	1,000,000	USD	Buy	(1.180)%	Dec 2014	-	26,328	26,328
Barclays Bank PLC	CDX.NA.IG.9	2,200,000	USD	Buy	(6.550)%	Dec 2017	-	111,009	111,009
Barclays Bank PLC	CDX.NA.IG.9	4,800,000	USD	Buy	(0.800)%	Dec 2017	67,933	139,434	207,367
Bear Stearns
International, LTD.	CDX.NA.HY.8	6,930,000	USD	Buy	(2.750)%	Jun 2012	230,456	480,705	711,161
Bear Stearns
International, LTD.	Goldman Sachs Group, Inc.	700,000	USD	Sell	0.800 %	Sep 2012	-	(17,852)	(17,852)
Bear Stearns
International, LTD.	CDX.NA.HY.9	1,782,000	USD	Buy	(3.750)%	Dec 2012	32,299	157,562	189,861
BNP Paribas	Lehman Brothers Holdings, Inc.	300,000	USD	Sell	1.120 %	Sep 2012	-	(21,818)	(21,818)
BNP Paribas	Goldman Sachs Group, Inc.	1,300,000	USD	Buy	(0.390)%	Dec 2012	-	57,910	57,910
BNP Paribas	Federal National Mortgage Association	1,000,000	USD	Sell	1.4014%	Mar 2013	-	4,560	4,560
BNP Paribas	The Bear Stearns Companies, Inc.	1,000,000	USD	Buy	(2.180)%	Mar 2018	-	(50,022)	(50,022)
Citigroup	GMAC, LLC	5,800,000	USD	Sell	7.350 %	Sep 2012	-	(826,143)	(826,143)
Citigroup	The Bear Stearns Companies, Inc.	1,400,000	USD	Sell	0.720 %	Sep 2012	-	(68,461)	(68,461)
Citigroup	Goldman Sachs Group, Inc.	1,000,000	USD	Buy	(0.400)%	Dec 2012	-	44,118	44,118
Citigroup	Omnicom Group, Inc.	1,250,000	USD	Buy	(0.940)%	Jun 2016	-	10,710	10,710
Credit Suisse
International	Gazprom	1,000,000	USD	Sell	1.000 %	Nov 2008	-	(1,206)	(1,206)
Credit Suisse
International	Chesapeake Energy Corporation	300,000	USD	Sell	0.970 %	Jun 2012	-	(15,107)	(15,107)
Credit Suisse
International	Chesapeake Energy Corporation	300,000	USD	Sell	1.010 %	Jun 2012	-	(14,645)	(14,645)
Credit Suisse
International	Chesapeake Energy Corporation	200,000	USD	Sell	1.040 %	Jun 2012	-	(9,533)	(9,533)
Credit Suisse
International	Chesapeake Energy Corporation	1,500,000	USD	Sell	1.550 %	Sep 2012	-	(49,516)	(49,516)
Deutsche Bank AG	GMAC, LLC	300,000	USD	Buy	(4.250)%	Sep 2008	-	12,238	12,238
Deutsche Bank AG	Indonesia	2,700,000	USD	Sell	0.510 %	Dec 2008	-	(10,329)	(10,329)
Deutsche Bank AG	Russian Federation	1,300,000	USD	Sell	0.325 %	Dec 2008	-	(1,989)	(1,989)
Deutsche Bank AG	Ukraine	1,300,000	USD	Sell	0.790 %	Dec 2008	-	(3,950)	(3,950)
Deutsche Bank AG	Masco Corporation	1,500,000	USD	Buy	(0.840)%	Dec 2012	-	124,085	124,085
Deutsche Bank AG	American International Group, Inc.	1,400,000	USD	Sell	1.992%	Mar 2013	-	12,085	12,085
Deutsche Bank AG	Home Depot, Inc.	1,250,000	USD	Buy	(1.565)%	Mar 2016	-	19,985	19,985
Deutsche Bank AG	Macy's, Inc	1,000,000	USD	Buy	(2.100)%	Sep 2017	-	35,204	35,204
Goldman Sachs	Ford Motor Credit Company, LLC	2,800,000	USD	Sell	1.400 %	Sep 2008	-	(98,810)	(98,810)
Goldman Sachs	GMAC, LLC	1,200,000	USD	Sell	3.050 %	Sep 2012	-	(297,499)	(297,499)
Goldman Sachs	Nordstrom Inc.	1,900,000	USD	Buy	(0.270)%	Sep 2012	-	64,539	64,539
Goldman Sachs	Nordstrom, Inc.	7,300,000	USD	Buy	(0.260)%	Sep 2012	-	251,008	251,008
Goldman Sachs	Autozone, Inc.	1,800,000	USD	Buy	(0.380)%	Dec 2012	-	56,142	56,142
Goldman Sachs	CDX.NA.IG.9	6,900,000	USD	Sell	0.600 %	Dec 2012	(303,963)	44,796	(259,167)
Goldman Sachs	Kohl's Corporation	1,800,000	USD	Buy	(0.590)%	Dec 2012	-	86,117	86,117
Goldman Sachs	Nordstrom, Inc.	1,800,000	USD	Buy	(0.360)%	Dec 2012	-	60,076	60,076
Goldman Sachs	The Bear Stearns Companies, Inc.	800,000	USD	Buy	(1.780)%	Dec 2012	-	3,242	3,242
Goldman Sachs	The TJX Companies, Inc.	1,800,000	USD	Buy	(0.380)%	Dec 2012	-	25,461	25,461
Lehman Brothers
Special Financing,
Inc.	GMAC, LLC	1,700,000	USD	Sell	1.425 %	Sep 2008	-	(92,997)	(92,997)

	Lehman Brothers
	Special Financing,
	Inc.	Peru	1,300,000	USD	Sell	0.370 %	Dec 2008	-	346	346
	Lehman Brothers
	Special Financing,
	Inc.	Goldman Sachs Group, Inc.	1,000,000	USD	Sell	0.720 %	Sep 2012	-	(28,778)	(28,778)
	Lehman Brothers
	Special Financing,
	Inc.	CDX.NA.HY.9	2,900,000	USD	Sell	3.330 %	Dec 2012	-	(304,688)	(304,688)
	Lehman Brothers
	Special Financing,
	Inc.	CDX.NA.IG.9	48,600,000	USD	Buy	(0.600)%	Dec 2012	359,909	1,465,531	1,825,440
	Lehman Brothers
	Special Financing,
	Inc.	CDX.NA.IG.9	10,000,000	USD	Buy	(0.800)%	Dec 2017	(30,479)	462,493	432,014
	Merrill Lynch
	International	CDX.NA.HY.8	3,564,000	USD	Buy	(2.750)%	Jun 2012	95,783	269,957	365,740
	Merrill Lynch
	International	CDX.NA.HY.9	800,000	USD	Sell	6.510 %	Dec 2012	-	22,150	22,150
	Merrill Lynch
	International	CDX.NA.HY.9	600,000	USD	Sell	6.690 %	Dec 2012	-	21,080	21,080
	Merrill Lynch
	International	CDX.NA.IG.9	26,900,000	USD	Buy	(0.600)%	Dec 2012	(76,917)	1,087,294	1,010,377
	Morgan Stanley
	Capital Services, Inc.	Target Corporation	1,000,000	USD	Buy	(1.200)%	Mar 2018	-	3,253	3,253
	Morgan Stanley
	Capital Services, Inc.	CDX.NA.HY.8	1,999,800	USD	Buy	(2.750)%	Jun 2012	84,992	120,229	205,221
	Morgan Stanley
	Capital Services, Inc.	GMAC, LLC	600,000	USD	Sell	6.850 %	Jun 2012	-	(91,999)	(91,999)
	Morgan Stanley
	Capital Services, Inc.	Ford Motor Credit Company, LLC	900,000	USD	Sell	3.800 %	Sep 2012	-	(149,761)	(149,761)
	Morgan Stanley
	Capital Services, Inc.	The Goldman Sachs Group, Inc.	800,000	USD	Sell	0.750 %	Sep 2012	-	(22,040)	(22,040)
	Morgan Stanley
	Capital Services, Inc.	CDX.NA.IG.9	8,100,000	USD	Buy	(0.600)%	Dec 2012	(39,367)	343,607	304,240
	Morgan Stanley
	Capital Services, Inc.	Staples, Inc.	1,100,000	USD	Buy	(0.530)%	Dec 2012	-	46,975	46,975
	Morgan Stanley
	Capital Services, Inc.	The Black & Decker Corporation	1,100,000	USD	Buy	0.490 %	Dec 2012	-	51,104	51,104
	Morgan Stanley
	Capital Services, Inc.	The Sherwin-Williams Corporation	1,100,000	USD	Buy	(0.290)%	Dec 2012	-	31,880	31,880
	Morgan Stanley
	Capital Services, Inc.	V.F. Corporation	1,100,000	USD	Buy	(0.250)%	Dec 2012	-	25,177	25,177
	Morgan Stanley
	Capital Services, Inc.	Whirlpool Corporation	1,100,000	USD	Buy	(0.490)%	Dec 2012	-	25,765	25,765
	Morgan Stanley
	Capital Services, Inc.	Pearson PLC	2,500,000	USD	Buy	(0.750)%	Jun 2014	-	24,505	24,505
	Morgan Stanley
	Capital Services, Inc.	CDX.NA.IG.9	6,200,000	USD	Buy	(0.800)%	Dec 2017	123,575	144,274	267,849
	Morgan Stanley
	Capital Services, Inc.	CMBX.NA.AAA.3	2,400,000	USD	Sell	0.080 %	Dec 2049	(406,107)	165,711	(240,396)
	The Royal Bank of
	Scotland PLC	Lehman Brothers Holdings, Inc.	700,000	USD	Sell	0.660 %	Sep 2012	-	(63,279)	(63,279)
	The Royal Bank of
	Scotland PLC	Macy's, Inc	1,000,000	USD	Buy	(2.111)%	Dec 2016	-	33,609	33,609
	UBS AG	CDX.NA.HY.8	6,930,000	USD	Buy	(2.750)%	Jun 2012	307,519	403,642	711,161
	UBS AG	GMAC, LLC	1,100,000	USD	Buy	(4.850)%	Sep 2012	-	224,139	224,139
	UBS AG	Merrill Lynch International & Co., Inc.	700,000	USD	Buy	(0.920)%	Dec 2012	-	49,997	49,997
	UBS AG	Dominion Resources, Inc.	1,000,000	USD	Buy	(0.590)%	Mar 2014	-	3,914	3,914
								$748,551	$5,429,207	$6,177,758
Short-Term
Bond

	Bank of America, N.A	CIT Group Inc.	500,000	USD	Buy	(6.500)%	Mar 2013	-	$32,158	$32,158
								-	$32,158	$32,158
Spectrum
Income
	JP Morgan Chase
	Bank	Compagnie St Gobain	60,000	EUR	Buy	(0.240)%	Jun 2012	-	($4,256)	($4,256)
	JP Morgan Chase
	Bank	Holcim Ltd	60,000	EUR	Buy	(0.240)%	Jun 2012	-	3,796	3,796
	JP Morgan Chase
	Bank	Kelda Group PLC	50,000	EUR	Buy	(0.240)%	Jun 2012	-	8,703	8,703
	JP Morgan Chase
	Bank	Halyk Bank	130,000	USD	Sell	2.750 %	Dec 2012	-	(9,805)	(9,805)
	JP Morgan Chase
	Bank	Republic Ukraine	250,000	USD	Sell	2.410 %	Dec 2012	-	(3,276)	(3,276)
	JP Morgan Chase
	Bank	Rentokil Initial	50,000	EUR	Buy	2.500 %	Mar 2013	-	(175)	(175)
	JP Morgan Chase
	Bank	United Utilities	100,000	EUR	Buy	0.950 %	Mar 2013	-	1,279	1,279
	JP Morgan Chase
	Bank	Arcelor Mittal Fin Sca	80,000	EUR	Sell	2.600 %	Jun 2013	-	(3,021)	(3,021)
								-	($6,755)	($6,755)
Total
Return
	Bank of America	General Motors Corporation	800,000	USD	Sell	4.500 %	Dec 2012	-	($154,863)	($154,863)
	Barclays Bank PLC	Mexico	1,000,000	USD	Sell	0.390 %	Jan 2012	-	(24,667)	(24,667)
	Barclays Bank PLC	Ford Motor Credit Company LLC	2,500,000	USD	Sell	4.150 %	Sep 2012	-	(395,375)	(395,375)
	Barclays Bank PLC	Ford Motor Credit Company LLC	500,000	USD	Sell	5.800 %	Sep 2012	-	(59,561)	(59,561)
	Barclays Bank PLC	GMAC LLC	2,500,000	USD	Sell	3.650 %	Sep 2012	-	(583,061)	(583,061)
	Barclays Bank PLC	GMAC LLC	1,900,000	USD	Sell	4.800 %	Sep 2012	-	(389,545)	(389,545)
	Barclays Bank PLC	CDX.NA.IG.9	56,500,000	USD	Sell	0.600 %	Dec 2012	($2,500,429)	378,015	(2,122,414)
	Barclays Bank PLC	American International Group, Inc.	1,800,000	USD	Sell	1.670 %	Mar 2013	-	(12,047)	(12,047)
	Barclays Bank PLC	FHLMC	4,500,000	USD	Sell	0.720 %	Mar 2013	-	39,971	39,971
	Barclays Bank PLC	CDX.EM.9	1,400,000	USD	Sell	2.650 %	Jun 2013	700	(6,886)	(6,186)
	BNP Paribas	General Motors Corporation	100,000	USD	Sell	4.800 %	Dec 2012	-	(18,499)	(18,499)
	Citibank N.A.	CDX.NA.HY.8	8,446,059	USD	Sell	0.355 %	Jun 2012	-	(341,973)	(341,973)
	Citibank N.A.	CDX.NA.HY.8	4,968,270	USD	Sell	0.360 %	Jun 2012	-	(200,290)	(200,290)
	Citibank N.A.	CDX.NA.HY.8	2,086,673.400	USD	Sell	0.401 %	Jun 2012	-	(81,120)	(81,120)
	Citibank N.A.	CDX.NA.HY.8	900,000	USD	Sell	2.144 %	Jun 2012	-	(78,252)	(78,252)
	Citibank N.A.	CDX.NA.HY.8	500,000	USD	Sell	2.179 %	Jun 2012	-	(42,806)	(42,806)
	Citibank N.A.	GMAC LLC	1,000,000	USD	Sell	3.720 %	Sep 2012	-	(231,508)	(231,508)
	Credit Suisse
	International	GAZPROM	1,000,000	USD	Sell	1.000 %	Nov 2008	-	(1,206)	(1,206)
	Deutche Bank AG	Ford Motor Credit Company LLC	1,100,000	USD	Sell	5.650 %	Sep 2012	-	(134,938)	(134,938)
	Deutche Bank AG	GMAC LLC	1,400,000	USD	Sell	4.000 %	Sep 2012	-	(314,498)	(314,498)
	Deutche Bank AG	CDX.NA.IG.9	12,600,000	USD	Sell	0.705 %	Dec 2012	-	156,090	156,090
	Deutche Bank AG	General Motors Corporation	500,000	USD	Sell	4.600 %	Dec 2012	-	(95,359)	(95,359)
	Deutche Bank AG	Berkshire Hathaway Fin.	2,000,000	USD	Sell	0.850 %	Mar 2013	-	2,032	2,032
	Deutche Bank AG	General Motors Corporation	6,000,000	USD	Sell	7.700 %	Mar 2013	-	(630,643)	(630,643)
	HSBC Bank USA	GAZPROM	1,900,000	USD	Sell	0.970 %	Nov 2008	-	(2,474)	(2,474)
	HSBC Bank USA	GAZPROM	4,300,000	USD	Sell	1.250 %	Dec 2008	-	(3,350)	(3,350)
	HSBC Bank USA	Ukraine	8,100,000	USD	Sell	0.730 %	Apr 2009	-	(50,629)	(50,629)
	HSBC Bank USA	Mexico	2,000,000	USD	Sell	0.180 %	May 2009	-	(2,558)	(2,558)
	HSBC Bank USA	Panama	1,400,000	USD	Sell	0.760 %	Jan 2012	-	(34,626)	(34,626)
	JP Morgan Chase
	Bank	Panama	700,000	USD	Sell	1.250 %	Jan 2017	-	(40,644)	(40,644)
	Lehman Brothers
	Special Financing,	Indonesia	1,300,000	USD	Sell	0.400 %	Dec 2008	-	(6,067)	(6,067)

Inc.
Lehman Brothers
Special Financing,
Inc.	Ford Motor Credit Company LLC	2,500,000	USD	Sell	6.100 %	Sep 2012	-	(280,068)	(280,068)
Lehman Brothers
Special Financing,
Inc.	CDX.EM.8	7,300,000	USD	Sell	1.750 %	Dec 2012	64,540	(260,892)	(196,352)
Lehman Brothers
Special Financing,
Inc.	General Motors Corporation	9,900,000	USD	Sell	8.550 %	Mar 2013	-	(742,278)	(742,278)
Lehman Brothers
Special Financing,
Inc.	CDX.EM.9	9,000,000	USD	Sell	2.650 %	Jun 2013	26,847	(66,618)	(39,771)
Lehman Brothers
Special Financing,
Inc.	Mexico	700,000	USD	Sell	0.920 %	Mar 2016	-	(25,840)	(25,840)
Lehman Brothers
Special Financing,
Inc.	Panama	1,000,000	USD	Sell	1.170 %	Apr 2017	-	(63,395)	(63,395)
Merrill Lynch Capital
Serivces, Inc.	CDX.NA.HY.8	1,000,000	USD	Sell	2.070 %	Jun 2012	-	(89,770)	(89,770)
Merrill Lynch Capital
Serivces, Inc.	Brazil	1,000,000	USD	Sell	1.950 %	Apr 2016	-	(757)	(757)
Merrill Lynch Capital
Serivces, Inc.	GMAC LLC	4,000,000	USD	Sell	1.850 %	Sep 2009	-	(659,587)	(659,587)
Merrill Lynch Capital
Serivces, Inc.	CDX.NA.HY.8	2,000,000	USD	Sell	1.833 %	Jun 2012	-	(197,625)	(197,625)
Merrill Lynch Capital
Serivces, Inc.	CDX.NA.IG.10	19,200,000	USD	Sell	1.550 %	Jun 2013	181,497	(74,323)	107,174
Morgan Stanley
Capital Serivices Inc.	Russia	700,000	USD	Sell	0.245 %	Jun 2008	-	(416)	(416)
Morgan Stanley
Capital Serivices Inc.	Russia	5,000,000	USD	Sell	0.305 %	Dec 2008	-	(8,737)	(8,737)
Morgan Stanley
Capital Serivices Inc.	CDX.NA.HY.8	1,000,000	USD	Sell	2.080 %	Jun 2012	-	(89,389)	(89,389)
Morgan Stanley
Capital Serivices Inc.	CDX.NA.HY.8	600,000	USD	Sell	2.170 %	Jun 2012	-	(51,572)	(51,572)
Morgan Stanley
Capital Serivices Inc.	CDX.NA.IG.9	4,800,000	USD	Sell	0.963 %	Dec 2012	-	17,990	17,990
Morgan Stanley
Capital Serivices Inc.	General Motors Corporation	200,000	USD	Sell	4.630 %	Dec 2012	-	(37,972)	(37,972)
Morgan Stanley
Capital Serivices Inc.	CDX.NA.IG.9	40,800,000	USD	Sell	0.600 %	Dec 2012	(2,158,745)	626,100	(1,532,645)
Morgan Stanley
Capital Serivices Inc.	GAZPROM	100,000	USD	Sell	2.180 %	Feb 2013	-	(3,002)	(3,002)
Morgan Stanley
Capital Serivices Inc.	CDX.EM.9	1,400,000	USD	Sell	2.650 %	Jun 2013	2,239	(8,425)	(6,186)
Morgan Stanley
Capital Serivices Inc.	CDX.NA.IG.10	39,100,000	USD	Sell	1.550 %	Jun 2013	(74,023)	292,279	218,256
Morgan Stanley
Capital Serivices Inc.	CMBX.NA.AAA.3	17,400,000	USD	Sell	0.080 %	Dec 2049	(2,680,575)	937,697	(1,742,878)
The Royal Bank of
Scotland PLC	American International Group, Inc.	5,200,000	USD	Sell	1.958 %	Mar 2013	-	37,031	37,031
The Royal Bank of
Scotland PLC	Bank of America Corporation	4,000,000	USD	Sell	0.820 %	Mar 2013	-	(1,118)	(1,118)
UBS AG	GAZPROM	1,000,000	USD	Sell	2.180 %	Feb 2013	-	(30,074)	(30,074)
							($7,137,949)	($4,142,098)	($11,280,047)

† If the Fund is a Seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the fund will pay to the Buyer of the protection an amount up to the notional value of the swap and in certain instances, take delivery of the security.

28-Day Mexico Interbank Tasa de Interes Interbancario de Equilibrio

TIIE Banxico
3M KW-CDC	3 months Korean Won
BBR	Bank Bill Rate
BBSW	Bank Bill Swap Rate
CBK	Canada Bankers Acceptance
CD KSDA	Korea Securities Dealers Association
CDI	Brazil Interbank Deposit Rate
CMM	Constant Maturity Mortgage
CMS	Constant Termination Date Swap
CPI-U	Non-revised Consumer Price Index - Urban
CPTFEMU	Eurostat Eurozone HICP Ex Tobacco Unrevised Series NSA Index
FRCPXTOB	French CPI Ex Tobacco Daily Reference Index
Currency symbols are defined as follows:
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
EUR	European Currency
GBP	British Pound
HKD	Hong Kong Dollar
JPY	Japanese Yen
KRW	Korean Won
MXN	Mexican Peso
USD	U.S. Dollar

Forward Foreign Currency Contracts All Portfolios, with the exception of Lifestyle Portfolios, may purchase and sell forward foreign currency contracts in order to hedge a specific transaction or Portfolio position. Forward foreign currency contracts are valued at forward foreign currency exchange rates and marked to market daily. Net realized gains (losses) on foreign currency and forward foreign currency contracts 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 currency underlying all contractual commitments held at the end of the period, the resulting net unrealized appreciation (depreciation) and related net receivable or payable amount are determined using forward foreign currency exchange rates supplied by a quotation service. The Portfolios could be exposed to risks in excess of amounts recognized 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 March 31, 2008, 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 March 31, 2008 were as follows:

				Unrealized
		Principal Amount		Appreciation
Portfolio	Currency	Covered by Contract	Settlement Date	(Depreciation)
Active Bond	Sells
	Canadian Dollar	1,294,727	6/30/08	$11,005
				$11,005
Core Allocation	Buys
	Malaysian Ringgit	279,000	6/18/08	($1,211)
	Malaysian Ringgit	278,000	6/18/08	(1,227)
				($2,438)
	Sells

	Brazilian Real	24,691	6/18/08	$1,108
	Pound Sterling	55,885	6/18/08	660
				$1,768
Global Allocation	Buys
	Euro	6,640,000	5/29/08	623,726
	Euro	4,345,000	5/29/08	243,741
	Euro	1,800,000	5/29/08	175,323
	Japanese Yen	3,832,900,000	5/29/08	2,358,874
	Japanese Yen	156,400,000	5/29/08	147,559
	Polish Zloty	1,100,000	5/29/08	10,777
	Pound Sterling	1,835,000	5/29/08	12,992
	Pound Sterling	490,000	5/29/08	12,745
	Singapore Dollar	5,265,000	5/29/08	153,230
	Swedish Krona	110,430,000	5/29/08	997,912
	Swiss Franc	22,030,000	5/29/08	$2,000,074
				$6,736,953
	Sells
	Australian Dollar	1,711,798	5/29/08	($92,484)
	Canadian Dollar	2,117,957	5/29/08	84,152
	Euro	40,524,138	5/29/08	(2,521,684)
	Euro	4,007,421	5/29/08	(244,407)
	Euro	1,346,436	5/29/08	(94,461)
	Japanese Yen	5,524,464	5/29/08	(220,901)
	Japanese Yen	3,020,489	5/29/08	(90,283)
	Japanese Yen	2,956,629	5/29/08	67,336
	Japanese Yen	2,659,229	5/29/08	(176,527)
	Polish Zloty	1,067,338	5/29/08	(126,493)
	Pound Sterling	17,387,702	5/29/08	516,754
	Pound Sterling	1,473,650	5/29/08	41,397
	Swedish Krona	1,689,064	5/29/08	(67,454)
	Swiss Franc	3,433,773	5/29/08	(242,088)
	Swiss Franc	2,964,858	5/29/08	24,170
	Swiss Franc	1,897,759	5/29/08	(111,376)
	Swiss Franc	1,712,085	5/29/08	(55,349)
				($3,309,698)
Global Bond	Buys
	Australian Dollar	9,500,000	4/24/08	$71,551
	Brazilian Real	28,408,214	7/2/08	700,303
	Brazilian Real	17,881,960	7/2/08	1,104,476
	Brazilian Real	15,120,824	7/2/08	397,635
	Brazilian Real	12,105,930	7/2/08	301,355
	Brazilian Real	3,643,393	12/2/08	7,024
	Canadian Dollar	4,679,000	4/17/08	(140,708)
	Chilean Peso	102,553,000	7/10/08	27,943
	Chilean Peso	57,900,000	12/10/08	11,067

Chinese Yuan Renminbi	33,715,935	4/28/08	164,521
Chinese Yuan Renminbi	33,692,500	4/28/08	161,149
Chinese Yuan Renminbi	26,132,792	7/2/08	226,452
Chinese Yuan Renminbi	19,714,211	7/2/08	171,774
Chinese Yuan Renminbi	9,197,120	3/2/09	131,947
Danish Kroner	2,884,000	6/9/08	22,388
Euro	192,163,000	4/28/08	3,692,990
Euro	535,000	4/28/08	(392)
Hungarian Forint	567,060	7/10/08	(11)
Indian Rupee	137,094,825	5/12/08	60,025
Indian Rupee	99,857,920	5/12/08	48,172
Indian Rupee	39,425,000	5/12/08	9,454
Indian Rupee	37,556,260	5/12/08	18,785
Indian Rupee	52,072,920	8/12/08	(25,132)
Japanese Yen	50,360,053,000	5/12/08	(918,196)
Japanese Yen	3,395,376,000	5/12/08	(154,964)
Japanese Yen	964,716,000	5/12/08	(89,067)
Malaysian Ringgit	37,627,520	5/12/08	559,039
Malaysian Ringgit	13,390,834	5/12/08	239,830
Malaysian Ringgit	9,076,820	5/12/08	109,612
Malaysian Ringgit	7,536,400	5/12/08	85,213
Malaysian Ringgit	6,419,358	5/12/08	131,202
Mexican Peso	5,784,405	7/10/08	15,894
Mexican Peso	270,422	7/10/08	12
Mexican Peso	253,347	7/10/08	(9)
Philippine Peso	64,042,680	5/19/08	(58,907)
Philippine Peso	44,916,480	5/19/08	(42,970)
Philippine Peso	31,957,900	5/19/08	(30,966)
Polish Zloty	574,000	7/10/08	46,754
Pound Sterling	8,960,000	4/17/08	46,545
Pound Sterling	270,000	4/17/08	776
Singapore Dollar	2,922,000	5/22/08	176,083
Singapore Dollar	855,778	5/22/08	20,232
Singapore Dollar	1,902,654	8/28/08	50,929
Singapore Dollar	1,663,215	8/28/08	35,439
Singapore Dollar	2,827,563	11/21/08	56,184
South African Rand	1,071,000	7/10/08	(13,550)
South Korean Won	8,257,715,974	5/30/08	(543,195)
South Korean Won	2,191,823,336	5/30/08	(127,842)
South Korean Won	1,979,391,500	5/30/08	(179,102)
South Korean Won	2,009,109,600	8/4/08	(82,745)
South Korean Won	1,346,577,569	8/4/08	(105,845)
South Korean Won	523,000,400	8/4/08	(28,152)
South Korean Won	491,767,500	8/4/08	(25,854)
South Korean Won	81,488,000	8/4/08	(5,289)
Swedish Krona	26,467,000	6/9/08	161,286
Taiwan Dollar	61,097,993	9/4/08	33,229
			$6,524,374
Sells

	Australian Dollar	11,509,711	4/24/08	($71,195)
	Brazilian Real	7,261,000	7/2/08	(119,923)
	Brazilian Real	7,098,000	7/2/08	296,062
	Brazilian Real	6,814,000	7/2/08	(36,329)
	Brazilian Real	5,480,000	7/2/08	24,242
	Brazilian Real	1,812,000	7/2/08	34,425
	Brazilian Real	3,765,000	12/2/08	86,686
	Brazilian Real	3,073,500	12/2/08	(5,524)
	Brazilian Real	1,592,000	12/2/08	44,068
	Brazilian Real	577,000	12/2/08	11,175
	Canadian Dollar	1,311,542	4/17/08	45,362
	Canadian Dollar	80,329	4/17/08	2,411
	Chinese Yuan Renminbi	3,886,000	4/28/08	(81,326)
	Chinese Yuan Renminbi	3,036,000	4/28/08	(64,848)
	Chinese Yuan Renminbi	2,576,826	4/28/08	(54,669)
	Chinese Yuan Renminbi	3,173,022	7/2/08	(196,228)
	Chinese Yuan Renminbi	3,172,803	7/2/08	(196,448)
	Chinese Yuan Renminbi	1,312,187	3/2/09	(131,759)
	Euro	844,731	4/1/08	410
	Euro	282,092	4/3/08	(11,524)
	Euro	2,083,257	4/28/08	(248)
	Euro	2,077,580	4/28/08	(28,006)
	Euro	2,058,585	4/28/08	(26,497)
	Euro	979,483	4/28/08	31
	Euro	948,274	4/28/08	(12,252)
	Japanese Yen	251,646,385	5/12/08	(5,692,253)
	Japanese Yen	23,018,599	5/12/08	(458,633)
	Mexican Peso	523,000	7/10/08	(16,925)
	New Zealand Dollar	270,804	4/24/08	5,001
	Polish Zloty	243,662	7/10/08	(20,428)
	Pound Sterling	3,434,221	4/17/08	64,490
	Pound Sterling	2,483,053	4/17/08	48,918
	Pound Sterling	1,242,608	4/17/08	19,594
	South Korean Won	4,158,000	5/30/08	309,223
	South Korean Won	3,446,000	8/4/08	121,501
	South Korean Won	3,091,876	8/4/08	118,053
				($5,993,363)
Global Real Estate	Sells
	Australian Dollar	48,415,428	4/30/08	($362,558)
	Brazilian Real	5,382,462	4/30/08	42,706
	Canadian Dollar	5,032,898	4/30/08	42,198
	Euro	39,144,915	4/30/08	(934,151)
	Japanese Yen	71,132,883	4/30/08	(853,913)
	Malaysian Ringgit	2,301,233	4/30/08	(3,021)
	Norwegian Krone	1,409,740	4/30/08	(50,377)
	Pound Sterling	42,949,265	4/30/08	(5,872)
	Singapore Dollar	17,382,618	4/30/08	(154,948)
	South African Rand	2,260,875	4/30/08	(3,320)

	Swedish Krona	4,160,933	4/30/08	(127,542)
				($2,410,798)
High Income	Sells
	Canadian Dollar	7,071,955	6/30/08	$67,399
	Pound Sterling	1,250,090	6/30/08	8,172
				$75,571
High Yield	Buys
	Indian Rupee	110,617,800	6/16/08	$9,505
	Indian Rupee	73,778,800	6/16/08	10,060
				$19,565
Income & Value	Buys
	Brazilian Real	85,000	5/23/08	($2,148)
	Colombian Peso	548,732,265	5/6/08	11,018
	Euro	299,206	4/17/08	6,648
	Euro	288,687	4/22/08	25,405
	Japanese Yen	10,735,000	4/4/08	7,723
	Japanese Yen	37,623,750	4/17/08	2,867
	Japanese Yen	40,820,000	4/30/08	17,402
	Mexican Peso	550,000	5/22/08	695
	Turkish Lira	55,000	5/21/08	(3,304)
				$66,306
	Sells
	Brazilian Real	122,090	5/23/08	$717
	Colombian Peso	423,037	5/6/08	(27,187)
	Mexican Peso	123,762	5/22/08	(2,237)
	Pound Sterling	465,445	4/17/08	9,541
	Pound Sterling	430,012	4/22/08	(5,912)
	Pound Sterling	392,916	4/30/08	(3,149)
	Turkish Lira	119,981	5/21/08	9,613
				($18,614)
International Core	Buys
	Australian Dollar	6,582,000	5/23/08	$130,535
	Euro	19,925,000	5/23/08	2,351,070
	Euro	608,000	5/23/08	78,835
	Hong Kong Dollar	8,994,530	5/23/08	2,381
	Hong Kong Dollar	8,729,985	5/23/08	2,185
	Hong Kong Dollar	8,729,985	5/23/08	2,194
	Japanese Yen	1,835,665,355	5/23/08	1,294,472
	Japanese Yen	1,763,117,355	5/23/08	1,204,470
	Japanese Yen	1,763,117,355	5/23/08	1,210,806
	Japanese Yen	1,763,117,355	5/23/08	1,261,409

	Japanese Yen	644,520,000	5/23/08	440,077
	New Zealand Dollar	7,035,658	5/23/08	(68,803)
	New Zealand Dollar	6,828,727	5/23/08	(66,711)
	New Zealand Dollar	6,828,727	5/23/08	(65,824)
	Norwegian Krone	18,101,000	5/23/08	285,068
	Pound Sterling	2,294,000	5/23/08	65,912
	Pound Sterling	258,000	5/23/08	10,542
	Swedish Krona	125,748,334	5/23/08	1,275,943
	Swedish Krona	122,964,854	5/23/08	1,263,853
	Swedish Krona	122,049,854	5/23/08	1,234,334
	Swiss Franc	20,794,872	5/23/08	1,935,840
	Swiss Franc	20,462,872	5/23/08	1,882,117
	Swiss Franc	20,462,872	5/23/08	1,916,376
	Swiss Franc	20,462,872	5/23/08	1,874,903
	Swiss Franc	19,259,174	5/23/08	1,795,932
	Swiss Franc	19,259,174	5/23/08	1,812,933
				$23,130,849
	Sells
	Australian Dollar	9,617,015	5/23/08	$51,351
	Australian Dollar	9,614,177	5/23/08	48,512
	Australian Dollar	9,607,931	5/23/08	42,266
	Australian Dollar	9,602,254	5/23/08	36,590
	Canadian Dollar	9,199,391	5/23/08	156,184
	Canadian Dollar	8,956,741	5/23/08	179,512
	Canadian Dollar	8,913,323	5/23/08	136,093
	Danish Kroner	2,934,111	5/23/08	(103,468)
	Danish Kroner	1,443,905	5/23/08	(104,770)
	Danish Kroner	1,443,194	5/23/08	(105,481)
	Euro	20,889,403	5/23/08	(1,534,112)
	Euro	20,281,841	5/23/08	(1,482,158)
	Euro	20,280,599	5/23/08	(1,483,401)
	Japanese Yen	9,636,466	5/23/08	(388,276)
	Japanese Yen	3,185,630	5/23/08	(112,120)
	New Zealand Dollar	5,730,545	5/23/08	77,303
	Norwegian Krone	3,183,408	5/23/08	(171,168)
	Norwegian Krone	3,093,336	5/23/08	(162,577)
	Norwegian Krone	3,092,880	5/23/08	(163,032)
	Pound Sterling	16,557,678	5/23/08	(333,341)
	Pound Sterling	16,074,460	5/23/08	(319,764)
	Pound Sterling	16,070,115	5/23/08	(324,109)
	Pound Sterling	12,825,406	5/23/08	(128,097)
	Swiss Franc	35,531,636	5/23/08	(3,797,390)
	Swiss Franc	3,790,662	5/23/08	20,849
	Swiss Franc	2,748,918	5/23/08	(75,417)
				($10,040,021)
International Equity Index A	Buys
	Australian Dollar	371,000	6/27/08	($1,234)

	Canadian Dollar	387,000	6/27/08	(2,573)
	Euro	1,675,000	6/27/08	6,277
	Hong Kong Dollar	788,000	6/27/08	(14)
	Japanese Yen	185,000,000	6/27/08	(6,183)
	Pound Sterling	912,000	6/27/08	(15,882)
	Swedish Krona	1,400,000	6/27/08	1,300
				($18,309)
International Equity Index B	Buys
	Australian Dollar	247,000	6/27/08	($822)
	Canadian Dollar	254,000	6/27/08	(1,689)
	Euro	1,106,000	6/27/08	4,145
	Hong Kong Dollar	1,766,000	6/27/08	(30)
	Japanese Yen	185,000,000	6/27/08	(6,183)
	Pound Sterling	798,000	6/27/08	(13,897)
	Swedish Krona	1,400,000	6/27/08	1,300
				($17,176)
International Opportunities	Buys
	Japanese Yen	134,258,672	4/1/08	($9,382)
				($9,382)
Investment Quality Bond	Buys
	Malaysian Ringgit	16,417,000	6/18/08	($71,284)
	Malaysian Ringgit	16,416,000	6/18/08	(72,432)
				($143,716)
	Sells
	Brazilian Real	2,443,543	6/18/08	$110,426
	Pound Sterling	6,746,125	6/18/08	79,704
				$190,130
Mutual Shares	Sells
	Canadian Dollar	1,498,513	10/27/08	$11,314
	Canadian Dollar	195,781	10/27/08	1,697
	Danish Kroner	3,765,744	4/23/08	(346,310)
	Danish Kroner	403,422	4/23/08	(29,172)
	Euro	49,356,153	5/13/08	(1,590,113)
	Euro	2,720,206	5/13/08	(50,492)
	Japanese Yen	2,982,226	9/19/08	73,447
	Japanese Yen	130,798	9/19/08	(698)
	Norwegian Krone	4,733,643	5/19/08	(290,641)
	Norwegian Krone	434,959	5/19/08	(8,256)
	Singapore Dollar	1,057,891	7/24/08	(41,065)
	Singapore Dollar	132,249	7/24/08	(4,169)
	South Korean Won	200,000	9/29/08	(1,005)

	South Korean Won	50,000	9/29/08	(375)
	Swedish Krona	1,333,340	4/15/08	(84,825)
	Swedish Krona	820,637	4/15/08	(56,477)
	Swiss Franc	2,826,087	7/7/08	(119,085)
	Swiss Franc	1,833,275	7/7/08	(72,387)
	Swiss Franc	1,520,857	7/7/08	(65,005)
				($2,673,617)
Overseas Equity	Sells
	Swiss Franc	814,000	7/2/08	($246)
				($246)
Real Return Bond	Buys
	Brazilian Real	6,159,630	7/2/08	$57,993
	Brazilian Real	2,410,998	7/2/08	52,329
	Brazilian Real	53,686,879	12/2/08	808,617
	Canadian Dollar	492,000	4/17/08	(14,795)
	Chinese Yuan Renminbi	31,373,250	3/2/09	500,596
	Chinese Yuan Renminbi	24,910,225	3/2/09	385,402
	Chinese Yuan Renminbi	12,513,900	3/2/09	194,681
	Japanese Yen	72,453,153	5/12/08	15,200
	Malaysian Ringgit	10,568,472	5/21/08	28,321
	Malaysian Ringgit	4,976,650	5/21/08	80,050
	Malaysian Ringgit	1,953,886	5/21/08	(1,471)
	Mexican Peso	118,141,515	7/10/08	440,574
	Mexican Peso	84,011,671	7/10/08	292,336
	Mexican Peso	79,389,173	7/10/08	155,417
	Mexican Peso	2,813,208	7/10/08	10,068
	Mexican Peso	2,528,118	7/10/08	9,120
	Mexican Peso	1,131,705	7/10/08	4,023
	Mexican Peso	22,605	7/10/08	(1)
	Philippine Peso	133,644,680	8/22/08	(112,464)
	Philippine Peso	15,560,040	8/22/08	(12,907)
	Philippine Peso	14,334,900	8/22/08	(15,890)
	Polish Zloty	8,181,640	7/10/08	633,639
	Singapore Dollar	4,462,052	5/22/08	83,551
	Singapore Dollar	1,410,977	5/22/08	82,212
	Singapore Dollar	1,007,798	5/22/08	43,150
	Singapore Dollar	915,363	5/22/08	54,507
	Singapore Dollar	772,573	5/22/08	34,635
	Singapore Dollar	139,756	11/21/08	2,773
	Singapore Dollar	136,256	11/21/08	2,659
	South Korean Won	5,925,824,906	5/30/08	(255,705)
	South Korean Won	3,706,263,444	5/30/08	(164,515)
	South Korean Won	586,446,160	8/4/08	(21,755)
	South Korean Won	525,165,800	8/4/08	(21,161)
				$3,351,189

	Sells
	Brazilian Real	5,197,000	7/2/08	$119,098
	Brazilian Real	4,470,000	7/2/08	125,604
	Brazilian Real	1,665,000	7/2/08	43,282
	Brazilian Real	1,576,000	7/2/08	48,423
	Brazilian Real	1,562,000	7/2/08	22,239
	Brazilian Real	494,000	7/2/08	11,736
	Brazilian Real	3,100,000	12/2/08	59,919
	Brazilian Real	2,803,000	12/2/08	102,443
	Brazilian Real	90,000	12/2/08	917
	Chinese Yuan Renminbi	4,029,000	3/2/09	(386,216)
	Chinese Yuan Renminbi	3,863,000	3/2/09	(379,401)
	Chinese Yuan Renminbi	1,944,910	3/2/09	(198,651)
	Euro	35,157,828	4/28/08	(433,674)
	Japanese Yen	32,278,485	5/12/08	(714,998)
	Japanese Yen	745,500	5/12/08	(16,460)
	Mexican Peso	13,330,000	7/10/08	(307,125)
	Mexican Peso	8,019,000	7/10/08	(120,003)
	Mexican Peso	3,639,000	7/10/08	(70,438)
	Pound Sterling	26,092,446	4/17/08	(68,560)
	Pound Sterling	2,281,881	4/17/08	374
	Pound Sterling	144,072	4/17/08	1,354
	Swiss Franc	970,454	6/9/08	(47,669)
				($2,207,806)
Spectrum Income	Buys
	Australian Dollar	2,495,408	5/15/08	$4,881
	Brazilian Real	222,138	5/15/08	(3,427)
	Canadian Dollar	430,071	5/15/08	(17,772)
	Czech Koruna	4,508,860	5/15/08	26,805
	Danish Kroner	2,078,212	5/15/08	33,798
	Euro	5,261,827	5/15/08	267,743
	Hungarian Forint	59,977,623	5/15/08	20,483
	Indonesian Rupiah	1,118,640,000	4/22/08	3,332
	Japanese Yen	1,405,197,812	5/15/08	714,138
	Malaysian Ringgit	5,579,147	4/18/08	15,039
	Norwegian Krone	14,257,883	5/15/08	218,288
	Polish Zloty	8,138,918	5/15/08	379,902
	Polish Zloty	135,505	5/15/08	2,665
	Pound Sterling	753,006	5/15/08	19,300
	Singapore Dollar	545,905	5/15/08	11,022
	South African Rand	345,754	5/15/08	(957)
	South Korean Won	2,986,990,500	5/15/08	(127,641)
	Swedish Krona	23,832,750	5/15/08	314,543
	Swiss Franc	2,420,006	5/15/08	159,688
	Taiwan Dollar	29,003,700	2/13/09	62,188
	Turkish Lira	609,001	5/15/08	(38,523)
				$2,065,495

	Sells
	Australian Dollar	1,145,008	5/15/08	$14,146
	Australian Dollar	545,370	6/18/08	12,893
	Australian Dollar	868,842	6/25/08	12,780
	Brazilian Real	3,022,000	5/15/08	(5,290)
	Brazilian Real	2,276,332	5/29/08	4,505
	Brazilian Real	1,242,000	6/23/08	41,622
	Canadian Dollar	98,093	5/15/08	4,357
	Euro	12,835,925	5/15/08	(687,783)
	Hungarian Forint	3,472,620	5/15/08	(191,504)
	Japanese Yen	2,177,891	5/15/08	(57,271)
	Malaysian Ringgit	3,959,000	4/18/08	(79,778)
	Mexican Peso	7,263,643	5/15/08	(100,756)
	Polish Zloty	1,160,000	5/15/08	(113,947)
	Pound Sterling	636,583	5/15/08	1,372
	South African Rand	335,064	5/15/08	9,087
	Turkish Lira	7,563,545	5/15/08	506,281
				($629,286)
Strategic Bond	Buys
	Indian Rupee	39,292,200	6/16/08	$1,382
	Indian Rupee	26,250,850	6/16/08	2,246
				$3,628
Strategic Income	Buys
	Australian Dollar	20,847,000	4/2/08	($17,215)
	Canadian Dollar	10,836,650	4/2/08	(10,096)
	Canadian Dollar	8,655,295	4/2/08	(17,786)
	Canadian Dollar	26,062,168	6/30/08	(14,538)
	Euro	11,800,000	6/30/08	11,668
	Euro	3,120,000	6/30/08	2,492
	Japanese Yen	4,401,959,450	6/30/08	(69,985)
	Japanese Yen	681,053,775	6/30/08	(30,205)
	Pound Sterling	9,277,750	6/30/08	(226,639)
				($372,304)
	Sells
	Australian Dollar	10,567,183	4/2/08	($22,302)
	Australian Dollar	8,449,790	4/2/08	(8,093)
	Australian Dollar	25,093,127	6/30/08	10,438
	Canadian Dollar	19,064,653	4/2/08	4,470
	Canadian Dollar	72,757,768	6/30/08	618,426
	Euro	50,058,450	6/30/08	(641,736)
	Euro	18,562,698	6/30/08	11,932
	Japanese Yen	28,152,000	6/30/08	145,624
	New Zealand Dollar	25,079,208	6/30/08	644,975
	Pound Sterling	18,484,460	6/30/08	275,885
	Pound Sterling	6,290,136	6/30/08	43,966

				$1,083,585
Total Return	Buys
	Australian Dollar	1,452,688	4/24/08	$8,138
	Brazilian Real	1,423,345	7/2/08	26,750
	Brazilian Real	166,285,156	12/2/08	2,937,679
	Chilean Peso	433,084,250	12/10/08	82,783
	Indian Rupee	59,788,028	5/12/08	61,770
	Indian Rupee	50,347,342	5/12/08	54,294
	Indian Rupee	28,397,700	5/12/08	33,020
	Indian Rupee	151,885,640	8/12/08	(87,398)
	Indian Rupee	121,508,250	8/12/08	(71,017)
	Indian Rupee	55,817,240	8/12/08	(28,669)
	Indian Rupee	9,178,785	8/12/08	(4,343)
	Indian Rupee	7,912,240	8/12/08	(3,618)
	Indonesian Rupiah	6,883,500,000	5/27/08	(36,279)
	Indonesian Rupiah	3,441,750,000	5/27/08	(18,139)
	Indonesian Rupiah	3,433,950,000	5/27/08	(18,982)
	Japanese Yen	60,680,182	4/3/08	(412)
	Japanese Yen	410,488,000	5/12/08	91,327
	Japanese Yen	251,706,000	5/12/08	(65,716)
	Malaysian Ringgit	14,845,939	5/21/08	216,898
	Malaysian Ringgit	2,577,120	5/21/08	25,270
	Malaysian Ringgit	2,140,806	5/21/08	35,936
	Mexican Peso	121,917,000	7/10/08	238,672
	Mexican Peso	24,383,149	7/10/08	78,099
	Mexican Peso	3,667,000	7/10/08	8,400
	Philippine Peso	187,531,440	5/19/08	380,673
	Philippine Peso	32,847,910	5/19/08	70,256
	Polish Zloty	26,846,351	7/10/08	2,181,151
	Polish Zloty	2,006,158	7/10/08	123,433
	Pound Sterling	1,796,000	4/3/08	(6,579)
	Singapore Dollar	8,827,855	5/22/08	514,362
	Singapore Dollar	5,727,008	5/22/08	341,023
	Singapore Dollar	552,000	5/22/08	33,264
	Singapore Dollar	6,277,196	11/21/08	124,570
	Singapore Dollar	6,123,087	11/21/08	119,496
	South African Rand	2,247,000	7/10/08	(61,571)
	South African Rand	573,000	7/10/08	(7,249)
	South African Rand	139,572	12/10/08	(1,094)
	South Korean Won	1,229,288,173	5/30/08	(79,843)
	South Korean Won	832,327,227	5/30/08	(59,598)
	South Korean Won	4,155,498,560	8/4/08	(154,151)
	South Korean Won	3,716,980,900	8/4/08	(149,769)
	South Korean Won	2,065,836,166	8/4/08	(140,449)
	South Korean Won	1,121,386,000	8/4/08	(72,788)
	Swedish Krona	8,870,000	6/9/08	54,053
				$6,773,653

	Sells
	Brazilian Real	15,480,000	7/2/08	$285,427
	Brazilian Real	4,040,000	7/2/08	101,629
	Brazilian Real	2,126,000	7/2/08	34,453
	Brazilian Real	824,649	7/2/08	27,900
	Brazilian Real	18,493,000	12/2/08	462,543
	Brazilian Real	3,565,000	12/2/08	48,078
	Euro	22,176,572	4/28/08	(273,549)
	Japanese Yen	611,000	4/3/08	2,130
	Japanese Yen	3,061,000	5/12/08	17,767
	Japanese Yen	2,978,000	5/12/08	35,762
	Japanese Yen	2,517,241	5/12/08	4,534
	Japanese Yen	1,222,000	5/12/08	4,574
	Japanese Yen	611,000	5/12/08	2,575
	Japanese Yen	610,731	5/12/08	388
	Japanese Yen	556,000	5/12/08	9,340
	Mexican Peso	3,951,605	7/10/08	(57,185)
	Mexican Peso	3,823,181	7/10/08	(55,739)
	Mexican Peso	1,272,605	7/10/08	(18,095)
	Polish Zloty	5,679,091	7/10/08	(648,558)
	Polish Zloty	2,966,993	7/10/08	(337,025)
	Polish Zloty	2,603,416	7/10/08	(296,719)
	Polish Zloty	283,868	7/10/08	(33,664)
	Pound Sterling	2,974,195	4/3/08	(4,114)
	Pound Sterling	584,330	4/3/08	(1,014)
	Pound Sterling	1,017,300	4/8/08	3,735
	Pound Sterling	34,008,354	4/17/08	(89,360)
	Pound Sterling	5,860,600	4/17/08	92,414
	Pound Sterling	3,566,676	4/17/08	6,655
				($675,118)
Utilities	Buys
	Euro	295,174	4/14/08	$4,296
	Euro	258,935	4/14/08	12,178
	Euro	103,130	4/14/08	5,376
	Euro	79,760	4/14/08	10,079
	Euro	793,503	5/14/08	14,539
	Euro	359,687	5/14/08	8,799
	Euro	236,791	5/14/08	1,693
	Euro	149,451	5/14/08	3,717
	Euro	51,022	5/14/08	124
	Pound Sterling	32,063	4/4/08	837
	Pound Sterling	215,498	4/14/08	(4,199)
	Pound Sterling	120,936	4/14/08	1,178
	Pound Sterling	92,828	4/14/08	300
	Pound Sterling	59,193	4/14/08	(484)
				$58,433
	Sells

	Euro	2,687,161	4/14/08	($237,180)
	Euro	1,020,099	4/14/08	(88,414)
	Euro	766,771	4/14/08	(66,156)
	Euro	729,291	4/14/08	(63,752)
	Euro	575,378	4/14/08	(49,686)
	Euro	33,084	4/14/08	(1,130)
	Euro	15,378,094	5/14/08	(291,724)
	Euro	1,953,353	5/14/08	(37,776)
	Euro	923,792	5/14/08	(15,308)
	Euro	813,114	5/14/08	(8,178)
	Euro	468,802	5/14/08	(8,731)
	Euro	290,707	5/14/08	(6,058)
	Pound Sterling	399,794	4/4/08	($247)
	Pound Sterling	5,716,516	4/14/08	(118,413)
	Pound Sterling	813,752	4/14/08	956
	Pound Sterling	64,831	4/14/08	(30)
	Pound Sterling	55,420	4/14/08	(108)
				($991,935)
Vista	Sells
	Australian Dollar	500,195	4/30/08	$4,178
	Danish Kroner	1,403,989	4/30/08	341
	Japanese Yen	996,820	4/30/08	(2,036)
	Swedish Krona	469,926	4/30/08	(1,015)
	Swiss Franc	1,077,047	4/30/08	(591)
				$877

Forward Commitments All Portfolios, with the exception of Lifestyle Portfolios, may purchase or sell debt securities on a when issued or forward delivery 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 underlying securities and the date when the securities will be delivered and paid for are fixed at the time the transaction is negotiated.

In a TBA transaction, the Portfolio commits to purchasing or selling securities for which all specific information is not yet known at the time of the trade, particularly the face amount and maturity date of the underlying security transactions. Securities purchased on a TBA basis are not settled until they are delivered to the Portfolio, normally 15 to 45 days later.

The Portfolio may receive compensation for interest forgone in the purchase of forward delivery securities. With respect to purchase commitments, each Portfolio identifies securities 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 underlying securities, 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 securities underlying a forward commitment to purchase securities, and the subsequent fluctuations 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 securities purchased on a forward delivery basis are identified in the Portfolio of Investments.

Foreign Bond Forward A forward contract is a contractual agreement made directly between two parties to buy or sell an underlying asset, usually a government bond at an agreed-upon price and date in the future. The agreed-upon date is called the settlement date. The agreed-upon price, which is set at the start of the agreement, is called the forward price. The forward price is also the price at which the forward contract will settle. In a forward transaction no cash changes hands up-front. If the transaction is collateralized exchange of margin will take place according to an agreed-upon schedule. Otherwise no asset of any kind changes hands until the maturity of the contract. Consequently counterparty credit risk can accumulate over the life of the contract. However, because no cash changes hands up-front the amount of counterparty credit risk is limited to the mark-to-market profit of the contract, rather than the contracts full notional value. Forward contracts trade in the over-the-counter market in the same way physical bonds trade and liquidity is typically identical to the underlying physical bond on which the forward contract is based.

The Funds had the following bond forward contracts open at March 31, 2008.

							Unrealized
			Principal	Settlement	Value at Trade	Value As	Appreciation
Portfolio	Description		Amount	Date	Date	2/29/08	(Depreciation)
Investment
Quality Bond
	Federal Republic of Germany 4.00% due 1/4/2018	EUR	13,600,000	5/29/08	$22,076,558	$22,080,755	$4,197
	US Treasury Note 4.625% due 4/18/2008	USD	(20,000,000)	4/13/08	(22,055,409)	(22,121,097)	(65,688)
							($61,491)

2. INVESTMENT TRANSACTIONS

At March 31, 2008, the Portfolio’s aggregate security unrealized appreciation 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	1,761,234,868	284,267,478	(180,747,975)	103,519,503
500 Index B	979,342,705	210,734,100	(114,402,180)	96,331,920
Active Bond	3,032,950,052	33,318,868	(125,094,947)	(91,776,079)
All Cap Core	1,039,187,434	25,086,799	(71,735,123)	(46,648,324)
All Cap Growth	310,040,713	32,456,268	(22,607,830)	9,848,438
All Cap Value	110,817,274	9,183,107	(7,686,863)	1,496,244
American Asset Allocation	693,050,561	-	(57,914,540)	(57,914,540)
American Blue Chip Income and Growth	148,117,338	2,068,635	-	2,068,635
American Bond	995,571,416	-	(33,024,324)	(33,024,324)
American Fundamental Holding	230,018,897	-	(6,813,189)	(6,813,189)
American Global Diversification	335,932,468	-	(11,748,467)	(11,748,467)
American Global Growth	250,134,726	-	(18,664,304)	(18,664,304)
American Global Small Capitalization	93,566,156	-	(12,229,193)	(12,229,193)
American Growth-Income	1,303,570,403	25,039,052	-	25,039,052
American Growth	1,517,350,594	138,919,265	-	138,919,265
American High-Income Bond	52,931,231	-	(5,084,414)	(5,084,414)
American International	957,021,270	183,564,689	-	183,564,689
American New World	80,044,278	-	(4,102,491)	(4,102,491)
Blue Chip Growth	2,900,078,851	502,727,558	(183,316,418)	319,411,140
Capital Appreciation	1,279,458,572	102,118,456	(69,700,625)	32,417,831
Classic Value	61,522,697	1,133,808	(16,045,014)	(14,911,206)
Core Allocation Plus	26,164,481	426,329	(1,650,917)	(1,224,588)
Core Bond	318,830,281	4,975,610	(1,823,349)	3,152,261
Core Equity	732,303,633	26,214,498	(134,436,805)	(108,222,307)
Dynamic Growth	113,438,789	3,365,399	(11,287,344)	(7,921,945)
Emerging Growth	25,851,627	1,438,439	(5,714,120)	(4,275,681)
Emerging Markets Value	467,238,050	58,170,297	(51,767,655)	6,402,642

Emerging Small Company	218,191,569	18,294,276	(21,514,379)	(3,220,103)
Equity-Income	2,180,055,358	297,520,926	(250,475,263)	47,045,663
Financial Services	117,965,508	17,453,764	(11,073,652)	6,380,112
Floating Rate Income	343,710,327	2,192,569	(8,707,557)	(6,514,988)
Franklin Templeton Founding Allocation	1,385,806,874	-	(161,383,281)	(161,383,281)
Fundamental Value	1,320,812,059	267,716,774	(103,064,195)	164,652,579
Global	828,479,983	31,683,409	(99,498,390)	(67,814,981)
Global Allocation	314,578,799	15,481,877	(27,233,608)	(11,751,731)
Global Bond	1,668,718,059	89,569,132	(22,905,149)	66,663,983
Global Real Estate	628,801,249	20,749,161	(53,308,047)	(32,558,886)
Growth & Income	1,720,546,461	111,441,005	(138,984,042)	(27,543,037)
Health Sciences	226,796,678	27,930,070	(27,026,447)	903,623
High Income	485,590,608	2,026,454	(86,683,680)	(84,657,226)
High Yield	2,051,416,481	16,640,324	(228,204,114)	(211,563,790)
Income	437,399,404	3,783,844	(40,655,692)	(36,871,848)
Income and Value	450,504,465	34,019,382	(53,134,736)	(19,115,354)
Index Allocation	364,393,260	3,144,139	(24,590,846)	(21,446,707)
International Core	1,584,678,580	179,844,392	(114,930,612)	64,913,780
International Equity Index A	322,858,368	69,957,950	(19,989,169)	49,968,781
International Equity Index B	423,877,045	115,627,238	(24,736,841)	90,890,397
International Opportunities	936,337,501	69,707,243	(39,112,888)	30,594,355
International Small Cap	536,996,802	85,073,189	(67,713,582)	17,359,607
International Small Company	244,334,944	31,423,569	(37,064,555)	(5,640,986)
International Value	1,584,399,936	235,848,047	(139,876,566)	95,971,481
Investment Quality Bond	452,609,495	10,576,429	(9,094,552)	1,481,877
Large Cap	720,247,772	23,219,708	(107,380,938)	(84,161,230)
Large Cap Value	570,280,402	43,020,635	(38,467,490)	4,553,145
Lifestyle Aggressive	570,660,086	2,416,273	(58,620,347)	(56,204,074)
Lifestyle Balanced	10,599,180,403	184,606,187	(689,033,199)	(504,427,012)
Lifestyle Conservative	1,278,969,776	21,039,316	(41,526,787)	(20,487,471)
Lifestyle Growth	14,173,096,577	113,953,546	(1,099,286,924)	(985,333,378)
Lifestyle Moderate	2,524,089,450	52,657,478	(123,639,115)	(70,981,637)
Managed	1,447,014,169	30,724,720	(118,332,731)	(87,608,011)
Mid Cap Index	862,040,555	72,644,248	(130,785,453)	(58,141,205)
Mid Cap Intersection	278,524,777	12,239,550	(37,023,684)	(24,784,134)
Mid Cap Stock	1,142,756,254	87,722,688	(81,611,262)	6,111,426
Mid Cap Value	511,503,899	27,608,968	(103,922,303)	(76,313,335)
Mid Cap Value Equity	131,388,100	10,166,789	(15,923,344)	(5,756,555)
Mid Value	187,690,983	8,838,374	(18,392,289)	(9,553,915)
Money Market	3,580,475,584	-	-	-
Mutual Shares	452,472,499	9,751,343	(50,828,956)	(41,077,613)
Natural Resources	700,529,873	207,460,487	(17,459,101)	190,001,386
Overseas Equity	570,967,286	61,142,026	(50,225,416)	10,916,610
Pacific Rim	137,264,965	16,063,426	(15,589,791)	473,635
Quantitative All Cap	388,813,177	14,717,715	(36,218,748)	(21,501,033)
Quantitative Mid Cap	33,562,912	824,547	(3,098,876)	(2,274,329)
Quantitative Value	874,988,039	13,152,098	(87,047,275)	(73,895,177)
Real Estate Equity	294,336,981	4,222,666	(33,477,970)	(29,255,304)
Real Estate Securities	694,483,144	19,427,460	(58,372,541)	(38,945,081)
Real Return Bond	2,165,361,153	31,313,116	(22,261,052)	9,052,064

Science & Technology	349,686,632	14,119,320	(32,804,165)	(18,684,845)
Short-Term Bond	246,798,037	1,837,878	(13,067,981)	(11,230,103)
Small Cap	156,094,063	4,030,162	(20,081,869)	(16,051,707)
Small Cap Growth	294,258,388	21,487,283	(25,718,324)	(4,231,041)
Small Cap Index	431,574,006	60,793,753	(67,182,949)	(6,389,196)
Small Cap Intrinsic Value	147,305,140	3,242,685	(32,150,514)	(28,907,829)
Small Cap Opportunities	342,846,163	29,905,905	(49,876,554)	(19,970,649)
Small Cap Value	466,580,749	28,337,514	(59,610,176)	(31,272,662)
Small Company	44,932,283	1,860,049	(4,974,703)	(3,114,654)
Small Company Growth	281,218,110	15,321,908	(35,138,608)	(19,816,700)
Small Company Value	528,095,266	168,304,861	(64,078,526)	104,226,335
Spectrum Income	1,149,524,149	43,767,327	(38,181,025)	5,586,302
Strategic Bond	858,352,057	9,989,509	(67,558,779)	(57,569,270)
Strategic Income	481,933,134	22,508,603	(17,314,285)	5,194,318
Total Bond Market A	169,207,226	4,246,996	(868,455)	3,378,541
Total Bond Market B	171,038,422	5,885,195	(1,330,994)	4,554,201
Total Return	2,991,062,425	46,627,854	(43,073,852)	3,554,002
Total Stock Market Index	398,574,562	88,564,105	(42,118,508)	46,445,597
U.S. Core	708,200,268	23,755,630	(78,885,138)	(55,129,508)
U.S. Global Leaders Growth	46,979,435	1,959,864	(2,184,015)	(224,151)
U.S. Government Securities	529,622,390	5,250,802	(25,992,357)	(20,741,555)
U.S. High Yield Bond	463,782,430	1,031,265	(29,296,228)	(28,264,963)
U.S. Large Cap	952,037,113	71,391,383	(136,785,424)	(65,394,041)
U.S. Multi Sector	1,737,010,315	47,075,788	(167,590,012)	(120,514,224)
Utilities	240,838,079	22,178,440	(17,741,873)	4,436,567
Value	303,924,334	22,886,982	(35,914,731)	(13,027,749)
Value & Restructuring	412,364,475	83,539,490	(47,620,390)	35,919,100
Vista	106,201,830	17,098,832	(4,777,769)	12,321,063

3. INVESTMENT IN AFFILIATED UNDERLYING FUNDS Franklin Templeton Founding Allocation Portfolio, Index Allocation Portfolio and the Lifestyle Portfolios invests primarily in affiliated underlying funds that are managed by affiliates of the Adviser. The Portfolios does not invest in the affiliated underlying funds for the purpose of exercising management or control; however, the Portfolio’s investment may represent a significant portion of each underlying fund’s net assets. A summary of the Franklin Templeton Founding Allocation Portfolio, Index Allocation Portfolio and the Lifestyle Portfolios transactions in the securities of affiliated issuers during the period ended March 31, 2008, is set forth below:

		Beginning			Ending
		Share	Shares	Shares	Share	Sale	Ending
Portfolio	Affiliate - Series NAV	Amount	Purchased	Sold	Amount	Proceeds	Value
Franklin Templeton
Founding Allocation
	Global Trust	21,198,533	4,887,719	257,079	25,829,173	$3,956,552	$408,100,932
	Income Trust	31,291,640	5,483,158	1,215,355	35,559,443	13,925,359	408,222,407
	Mutual Shares Trust	31,753,452	6,642,701	468,620	37,927,533	5,032,493	408,100,254

Index Allocation
	500 Index	9,428,209	1,161,492	22,790	10,566,911	$262,765	$119,194,758
	International Equity Index A	2,278,757	296,086	7,998	2,566,845	162,512	52,312,304
	Mid Cap Index	1,923,393	200,124	-	2,123,517	-	33,657,738
	Small Cap Index	2,354,847	290,018	-	2,644,865	-	33,827,827
	Total Bond Market A	7,918,666	187,877	219,295	7,887,248	2,868,425	103,953,926
Lifestyle Aggressive
	All Cap Core	385,259	347,203	15,735	716,727	$294,487	$12,786,408
	All Cap Value	1,450,416	22,037	108,104	1,364,349	837,434	10,246,260
	Blue Chip Growth	1,934,779	516,929	352,255	2,099,453	6,889,609	39,889,604
	Capital Appreciation	2,990,991	747,004	293,340	3,444,655	2,629,968	30,898,560
	Core Equity	1,307,309	144,856	36,102	1,416,063	437,819	15,208,521
	Emerging Growth	1,225,317	4,201	263,085	966,433	2,227,878	7,470,531
	Emerging Markets Value	1,212,330	50,220	497,449	765,101	6,840,858	10,229,395
	Equity-Income	715,856	11,771	46,205	681,422	719,358	10,289,471
	Fundamental Value	1,073,354	249,811	92,639	1,230,526	1,429,415	18,568,635
	International Core	3,295,394	166,183	281,239	3,180,338	3,770,225	41,567,022
	International Equity Index B	558,537	8,515	23,679	543,373	467,069	10,443,636
	International Opportunities	1,334,738	53,753	70,428	1,318,063	1,134,097	20,706,768
	International Small Cap	792,902	16,200	45,260	763,842	768,795	13,130,439
	International Small Company	1,200,183	37,880	101,893	1,136,170	1,152,995	13,065,958
	International Value	2,423,217	117,845	173,459	2,367,603	2,724,543	36,176,976
	Large Cap	808,972	18,599	37,808	789,763	510,089	10,259,018
	Large Cap Value	266,210	4,091	15,644	254,657	330,698	5,082,963
	Mid Cap Index	902,026	10,939	264,893	648,072	4,233,933	10,271,942
	Mid Cap Intersection	2,019,479	8,972	279,263	1,749,188	2,979,984	18,034,133
	Mid Cap Stock	748,228	27,806	24,911	751,123	363,087	10,095,088
	Mid Cap Value	922,993	46,861	52,203	917,651	620,020	10,204,281
	Mid Cap Value Equity	429,289	9,140	28,003	410,426	364,827	5,093,389
	Natural Resources	729,730	98,045	264,799	562,976	7,450,121	15,555,013
	Overseas Equity	848,891	13,091	51,168	810,814	668,977	10,362,209
	Quantitative Value	1,376,641	42,477	70,609	1,348,509	850,835	15,413,461
	Small Cap	1,016,394	33,920	25,213	1,025,101	268,089	10,302,262
	Small Cap Index	617,876	20,035	234,560	403,351	3,044,292	5,158,863
	Small Cap Intrinsic Value	1,030,168	29,170	57,032	1,002,306	616,983	10,093,226
	Small Company	922,747	20,045	186,045	756,747	1,918,801	7,650,708
	Small Company Value	970,207	3,478	201,930	771,755	3,485,035	13,690,926
	U.S. Global Leaders Growth	325,056	12,283	337,339	-	4,239,368	-
	U.S. Large Cap	726,454	21,707	32,891	715,270	495,307	10,199,751
	U.S. Multi Sector	3,053,198	143,700	199,574	2,997,324	2,489,062	35,818,021
	Value & Restructuring	380,934	427,361	119,283	689,012	1,796,888	10,218,055
	Vista	673,768	37,421	20,233	690,956	327,126	10,274,519
Lifestyle Balanced
	500 Index	8,725,960	9,424,781	17,004	18,133,737	$191,805	$204,548,549
	Active Bond	22,607,991	47,365	1,083,115	21,572,241	10,139,944	202,131,899
	All Cap Core	10,924,743	467,778	2,373	11,390,148	42,327	203,200,249

	Blue Chip Growth	45,223,177	4,803,312	223,795	49,802,694	4,244,644	946,251,182
	Capital Appreciation	-	13,932,777	27,024	13,905,753	242,522	124,734,609
	Core Bond	17,128,440	35,410	1,176,602	15,987,248	14,890,461	203,997,282
	Core Equity	16,084,707	2,821,913	-	18,906,620	-	203,057,102
	Emerging Markets Value	14,548,016	250,899	38,102	14,760,813	537,132	197,352,067
	Equity-Income	19,672,857	838,718	51,227	20,460,348	782,376	308,951,248
	Floating Rate Income	1,400,000	6,977,213	-	8,377,213	-	102,872,177
	Fundamental Value	13,139,950	450,760	29,134	13,561,576	448,772	204,644,181
	Global Bond	21,232,409	226,391	3,246,362	18,212,438	52,642,969	300,687,357
	Global Real Estate	26,098,127	1,863,042	37,572	27,923,597	434,335	306,321,863
	High Income	17,377,787	136,788	20,285	17,494,290	233,356	191,037,644
	High Yield	101,635,083	348,277	1,741,682	100,241,678	15,973,566	911,196,857
	International Core	29,674,602	1,417,278	77,441	31,014,439	1,026,538	405,358,717
	International Opportunities	11,930,686	637,556	5,006	12,563,236	80,207	197,368,435
	International Small Cap	8,440,059	314,063	6,230	8,747,892	106,540	150,376,257
	International Value	21,708,628	1,353,572	10,798	23,051,402	164,501	352,225,423
	Large Cap	14,765,957	1,046,613	19,545	15,793,025	255,391	205,151,389
	Large Cap Value	14,585,765	761,074	9,625	15,337,214	195,542	306,130,799
	Mid Cap Index	6,054,521	40,449	4,988	6,089,982	81,759	96,526,207
	Mid Cap Stock	6,684,776	444,050	-	7,128,826	-	95,811,424
	Natural Resources	11,076,922	251,785	4,185,495	7,143,212	115,354,267	197,366,935
	Quantitative Value	16,750,528	1,002,234	891	17,751,871	10,191	202,903,889
	Real Estate Equity	11,254,983	27,377	420,466	10,861,894	4,263,701	116,005,030
	Real Return Bond	39,076,562	-	11,111,779	27,964,783	155,001,831	391,786,606
	Small Company Growth	6,602,649	354,340	-	6,956,989	-	96,215,163
	Small Company Value	5,723,781	8,658	41,234	5,691,205	729,673	100,961,969
	Spectrum Income	40,117,076	397,014	947,503	39,566,587	12,561,059	528,213,934
	Strategic Bond	19,401,925	115,742	533,460	18,984,207	5,693,119	201,422,434
	Strategic Income	15,461,589	43,826	1,012,308	14,493,107	14,016,087	201,599,116
	Total Return	38,817,570	141,703	3,432,808	35,526,465	48,896,280	508,028,443
	U.S. Global Leaders Growth	11,988,368	952,254	12,940,622	-	155,933,052	-
	U.S. High Yield Bond	16,908,406	1,848	111,962	16,798,292	1,364,053	203,931,259
	U.S. Large Cap	13,249,261	1,086,126	11,063	14,324,324	157,643	204,264,858
	U.S. Multi Sector	40,652,424	2,852,781	91,405	43,413,800	1,081,323	518,794,915
	Value & Restructuring	13,669,435	109,364	68,352	13,710,447	1,059,285	203,325,923
Lifestyle Conservative
	Active Bond	9,837,786	3,682,489	104,549	13,415,726	$978,684	$125,705,354
	Blue Chip Growth	975,284	551,821	12,922	1,514,183	251,600	28,769,472
	Core Bond	1,482,069	473,959	6,318	1,949,710	79,583	24,878,303
	Equity-Income	1,228,217	627,700	9,236	1,846,681	145,292	27,884,883
	Floating Rate Income	358,400	2,583,569	-	2,941,969	-	36,127,384
	Fundamental Value	1,226,104	642,464	17,534	1,851,034	273,740	27,932,105
	Global Bond	4,905,120	1,440,060	258,617	6,086,563	4,203,773	100,489,161
	Global Real Estate	2,282,657	1,358,242	92,666	3,548,233	1,031,163	38,924,118
	High Income	1,532,499	503,594	44,866	1,991,227	488,341	21,744,196
	High Yield	3,900,128	1,270,424	351,765	4,818,787	3,161,842	43,802,777
	International Core	1,279,046	706,467	27,477	1,958,036	359,632	25,591,526
	International Value	1,614,170	927,068	19,263	2,521,975	297,552	38,535,777
	Investment Quality Bond	4,111,543	1,414,658	58,243	5,467,958	661,143	62,662,803
	Real Estate Equity	885,367	321,265	12,583	1,194,049	132,764	12,752,442

	Real Return Bond	2,658,314	421,951	403,766	2,676,499	5,604,514	37,497,745
	Spectrum Income	5,555,808	4,471,322	1,553,464	8,473,666	20,572,560	113,123,442
	Strategic Bond	3,394,381	1,473,207	153,178	4,714,410	1,683,791	50,019,888
	Strategic Income	2,692,755	1,034,928	130,486	3,597,197	1,798,489	50,037,015
	Total Return	10,696,845	3,493,028	106,734	14,083,139	1,526,423	201,388,889
	U.S. Government Securities	7,733,428	1,632,526	520,553	8,845,401	6,770,116	113,044,224
	U.S. High Yield Bond	1,472,728	394,896	76,504	1,791,120	919,798	21,744,197
	U.S. Multi Sector	1,507,524	828,532	2,214	2,333,842	27,705	27,889,415
	Value & Restructuring	1,251,153	702,722	70,046	1,883,829	1,082,616	27,937,189
Lifestyle Growth
	500 Index	11,559,464	12,606,788	34,187	24,132,065	$391,951	$272,209,689
	All Cap Core	27,124,822	6,407,625	34,017	33,498,430	635,345	597,611,986
	All Cap Growth	7,124,917	365,028	-	7,489,945	-	127,778,462
	Blue Chip Growth	31,415,128	11,666,828	424,835	42,657,121	8,033,217	810,485,295
	Capital Appreciation	57,468,313	18,402,781	94,519	75,776,575	834,486	679,715,881
	Core Equity	21,258,895	2,899,459	-	24,158,354	-	259,460,721
	Emerging Markets Value	19,247,372	153,987	65,870	19,335,489	924,999	258,515,487
	Equity-Income	25,841,906	733,737	62,446	26,513,197	966,602	400,349,267
	Floating Rate Income	1,860,000	9,111,235	-	10,971,235	-	134,726,763
	Fundamental Value	25,852,952	9,976,893	150,857	35,678,988	2,301,167	538,395,925
	Global Bond	18,936,561	18,731	3,103,088	15,852,204	50,274,552	261,719,883
	Global Real Estate	11,439,692	233,310	-	11,673,002	-	128,052,837
	High Income	11,567,351	155	8,423	11,559,083	98,037	126,225,184
	High Yield	73,066,208	-	14,055,046	59,011,162	129,188,705	536,411,461
	International Core	59,658,725	1,556,496	78,755	61,136,466	1,049,091	799,053,612
	International Opportunities	32,264,836	1,201,536	30,636	33,435,736	501,613	525,275,411
	International Small Cap	11,414,530	35,658	5,673	11,444,515	96,048	196,731,215
	International Small Company	17,435,760	21,525	-	17,457,285	-	200,758,773
	International Value	33,310,898	941,478	9,980	34,242,396	151,784	523,223,814
	Large Cap	9,634,646	418,953	-	10,053,599	-	130,596,245
	Large Cap Value	6,368,782	89,463	11,922	6,446,323	248,385	128,668,610
	Mid Cap Index	11,926,080	-	5,435,741	6,490,339	86,424,652	102,871,876
	Mid Cap Intersection	24,109,291	109,646	1,627,693	22,591,244	16,948,640	232,915,727
	Mid Cap Stock	17,808,043	112,022	1,195,223	16,724,842	16,500,000	224,781,881
	Mid Cap Value	10,924,574	2,913	1,487,380	9,440,107	16,653,176	104,973,985
	Mid Cap Value Equity	10,094,776	1,258	1,341,931	8,754,103	16,799,367	108,638,418
	Natural Resources	14,770,603	446,272	5,769,219	9,447,656	159,124,525	261,038,723
	Overseas Equity	20,316,914	37,499	50,020	20,304,393	650,701	259,490,138
	Quantitative Value	44,414,859	1,775,790	57,312	46,133,337	682,943	527,304,041
	Real Estate Equity	9,231,469	193,315	1,235,538	8,189,246	12,541,351	87,461,148
	Real Return Bond	32,472,866	717,488	4,846,290	28,344,064	67,979,188	397,100,342
	Small Cap	12,108,759	9,776	1,665,160	10,453,375	16,500,000	105,056,414
	Small Cap Intrinsic Value	12,279,428	6,689	1,610,609	10,675,508	16,508,477	107,502,361
	Small Cap Opportunities	11,727,235	-	2,775,636	8,951,599	51,422,892	165,067,483
	Small Company Growth	8,821,287	5,145	1,202,250	7,624,182	16,500,000	105,442,441
	Small Company Value	7,688,540	3,185	974,126	6,717,599	16,964,349	119,170,208
	Spectrum Income	21,349,517	435,409	346,893	21,438,033	4,589,874	286,197,739
	Strategic Bond	12,916,343	23,008	624,880	12,314,471	6,636,510	130,656,543
	Strategic Income	10,260,404	17,455	852,354	9,425,505	11,808,500	131,108,781
	Total Return	41,715,485	65,441	4,669,444	37,111,482	66,518,773	530,694,198
	U.S. Global Leaders Growth	15,251,166	1,154,000	16,405,166	-	198,412,611	-

	U.S. High Yield Bond	11,220,893	-	55,856	11,165,037	687,105	135,543,553
	U.S. Large Cap	17,647,363	595,070	8,672	18,233,761	130,549	260,013,434
	U.S. Multi Sector	74,541,871	3,136,625	66,994	77,611,502	820,911	927,457,449
	Value & Restructuring	9,072,320	112,310	38,696	9,145,934	599,396	135,634,208
	Vista	8,217,258	4,052	1,114,680	7,106,630	16,500,000	105,675,587
Lifestyle Moderate
	Active Bond	20,393,690	1,177,364	463,248	21,107,806	$4,351,037	$197,780,144
	Blue Chip Growth	5,787,232	1,196,119	63,758	6,919,593	1,221,990	131,472,259
	Core Bond	3,793,326	77,846	50,171	3,821,001	638,012	48,755,977
	Core Equity	7,419,459	2,259,485	47,188	9,631,756	527,258	103,445,061
	Equity-Income	3,008,089	351,053	777	3,358,365	11,756	50,711,312
	Floating Rate Income	924,800	5,001,252	-	5,926,052	-	72,771,916
	Fundamental Value	6,041,082	863,548	21,209	6,883,421	324,542	103,870,828
	Global Bond	9,532,932	191,448	782,748	8,941,632	12,717,213	147,626,349
	Global Real Estate	3,916,203	642,852	5,798	4,553,257	67,840	49,949,224
	High Income	5,881,806	241,151	9,268	6,113,689	109,329	66,761,488
	High Yield	14,678,052	9,897	1,671,794	13,016,155	15,365,829	118,316,846
	International Core	8,391,575	1,140,531	71,131	9,460,975	942,635	123,654,941
	International Equity Index B	1,121,390	104,405	-	1,225,795	-	23,559,778
	International Opportunities	1,341,291	149,613	-	1,490,904	-	23,422,097
	International Value	4,199,689	621,683	16,868	4,804,504	262,927	73,412,825
	Investment Quality Bond	4,208,432	100,299	53,145	4,255,586	607,338	48,769,014
	Mid Cap Index	1,354,397	150,755	-	1,505,152	-	23,856,663
	Overseas Equity	1,699,498	138,496	-	1,837,994	-	23,489,561
	Real Estate Equity	2,434,594	63	123,361	2,311,296	1,277,658	24,684,645
	Real Return Bond	6,869,520	721	2,013,214	4,857,027	28,155,434	68,046,942
	Small Company	2,095,119	234,629	-	2,329,748	-	23,553,748
	Small Company Growth	1,496,907	247,031	-	1,743,938	-	24,118,662
	Small Company Value	1,303,752	69,081	10,575	1,362,258	187,328	24,166,454
	Spectrum Income	14,349,317	1,713,026	212,101	15,850,242	2,807,653	211,600,735
	Strategic Bond	6,537,936	532,487	77,035	6,993,388	827,684	74,199,845
	Strategic Income	5,186,564	274,330	117,744	5,343,150	1,630,237	74,323,211
	Total Return	20,569,489	638,531	2,166,865	19,041,155	30,862,919	272,288,519
	U.S. High Yield Bond	5,694,819	93,638	7,693	5,780,764	95,156	70,178,470
	U.S. Multi Sector	7,435,682	1,268,350	22,617	8,681,415	272,331	103,742,912
	Value & Restructuring	3,161,604	263,370	14,496	3,410,478	225,954	50,577,387
	Large Cap	9,634,646	418,953	-	10,053,599	-	130,596,245
	Large Cap Value	6,368,782	89,463	11,922	6,446,323	248,385	128,668,610
	Mid Cap Index	11,926,080	-	5,435,741	6,490,339	86,424,652	102,871,876
	Mid Cap Intersection	24,109,291	109,646	1,627,693	22,591,244	16,948,640	232,915,727
	Mid Cap Stock	17,808,043	112,022	1,195,223	16,724,842	16,500,000	224,781,881
	Mid Cap Value	10,924,574	2,913	1,487,380	9,440,107	16,653,176	104,973,985
	Mid Cap Value Equity	10,094,776	1,258	1,341,931	8,754,103	16,799,367	108,638,418
	Natural Resources	14,770,603	446,272	5,769,219	9,447,656	159,124,525	261,038,723
	Overseas Equity	20,316,914	37,499	50,020	20,304,393	650,701	259,490,138
	Quantitative Value	44,414,859	1,775,790	57,312	46,133,337	682,943	527,304,041
	Real Estate Equity	9,231,469	193,315	1,235,538	8,189,246	12,541,351	87,461,148
	Real Return Bond	32,472,866	717,488	4,846,290	28,344,064	67,979,188	397,100,342
	Small Cap	12,108,759	9,776	1,665,160	10,453,375	16,500,000	105,056,414
	Small Cap Intrinsic Value	12,279,428	6,689	1,610,609	10,675,508	16,508,477	107,502,361
	Small Cap Opportunities	11,727,235	-	2,775,636	8,951,599	51,422,892	165,067,483

Small Company Growth	8,821,287	5,145	1,202,250	7,624,182	16,500,000	105,442,441
Small Company Value	7,688,540	3,185	974,126	6,717,599	16,964,349	119,170,208
Spectrum Income	21,349,517	435,409	346,893	21,438,033	4,589,874	286,197,739
Strategic Bond	12,916,343	23,008	624,880	12,314,471	6,636,510	130,656,543
Strategic Income	10,260,404	17,455	852,354	9,425,505	11,808,500	131,108,781
Total Return	41,715,485	65,441	4,669,444	37,111,482	66,518,773	530,694,198
U.S. Global Leaders Growth	15,251,166	1,154,000	16,405,166	-	198,412,611	-
U.S. High Yield Bond	11,220,893	-	55,856	11,165,037	687,105	135,543,553
U.S. Large Cap	17,647,363	595,070	8,672	18,233,761	130,549	260,013,434
U.S. Multi Sector	74,541,871	3,136,625	66,994	77,611,502	820,911	927,457,449
Value & Restructuring	9,072,320	112,310	38,696	9,145,934	599,396	135,634,208
Vista	8,217,258	4,052	1,114,680	7,106,630	16,500,000	105,675,587

4. CHANGE IN FUND NAME Effective April 28, 2008, the Quantitative All Cap has changed its name to Optimized All Cap.

JHT has ten funds which invest exclusively in Class 1 shares of the following series of American Funds Insurance Series ("AFIS"): 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. Prior to April 28, 2008, five of the JHT Funds invested in Class 2 shares of the American Asset Allocation Fund, American Global Growth Fund, American Global Small Capitalization Fund, American High Income Fund and American New World Fund. Form N-Q for the AFIS Funds for the period ended March 31, 2008 was filed under CIK number 0000729528, file # 811-03857 on or before May 30, 2008.

JHT also has two fund of funds, the American Fundamental Holding, the American Global Diversification, which invest in Class 1 shares of the AFIS funds.

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 are attached hereto as EX-99.CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant: John Hancock Trust

/S/ Keith F. Hartstein
Keith F. Hartstein
President and
Chief Executive Officer

Date: May 28, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

/S/ Keith F. Hartstein
Keith F. Hartstein
President and
Chief Executive Officer

Date: May 28, 2008

/S/ Charles A. Rizzo
Charles A. Rizzo
Chief Financial Officer

Date: May 28, 2008