497 1 sticker.htm JOHN HANCOCK WORLD FUND sticker.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

Supplement dated 12-23-08 to the current
Class A, B and C Shares Prospectus

Under the heading “Additional Investor Services”, under the subheading “Retirement Plans”, the second paragraph is amended and restated:

  John Hancock funds do not accept requests to establish new John Hancock
  custodial 403(b)(7) accounts; do not accept requests for exchanges or
  transfers into your existing John Hancock custodial 403(b)(7) accounts; and
  require additional disclosure documentation if you direct John Hancock funds
  to exchange or transfer some or all of your John Hancock custodial 403(b)(7)
  account assets to another 403(b)(7) contract or account. In addition,
  effective January 1, 2009, the funds will no longer accept salary deferrals into
  403(b)(7) accounts. Please refer to the SAI for more information regarding
  these restrictions.


Supplement dated December 23, 2008,
to the current Statement of Additional Information

In the section “INVESTMENT OBJECTIVE AND POLICIES,” the following subsection is amended and restated:

  Lending of Securities. Each Fund may lend its securities so long as such loans
  do not represent more than 33 1/3% of the Fund’s total assets. As collateral for
  the loaned securities, the borrower gives the lending portfolio collateral equal to
  at least 102% of the value of the loaned securities (105% for foreign equity and
  corporate securities). The collateral will consist of cash (including U.S. dollar and
  non-U.S. dollar currency). The borrower must also agree to increase the
  collateral if the value of the loaned securities increases. As with other extensions
  of credit, there are risks that collateral could be inadequate in the event of the
  borrower failing financially, which could result in actual financial loss, and risks
  that recovery of loaned securities could be delayed, which could result in
  interference with portfolio management decisions or exercise of ownership rights.
  The collateral is managed by an affiliate of the Adviser. Each Fund will be
  responsible for the risks associated with the investment of cash collateral,
  including the risk that the Fund may lose money on the investment or may fail to
  earn sufficient income to meet its obligations to the borrower. In addition, a Fund
  may lose its right to vote its shares of the loaned securities at a shareholders
  meeting if the subadviser fails to timely recall the security or the borrower fails to
  return the recalled security in advance of the record date for the meeting.
   
  Certain Funds have entered into an agreement with The Goldman Sachs Trust
  Company, doing business as Goldman Sachs Agency Lending (“Goldman
  Sachs”), as their securities lending agent (the “Securities Lending Agreement”).
  Under the Securities Lending Agreement, Goldman Sachs will generally bear the
  risk that a borrower may default on its obligation to return loaned securities.
   
  Securities lending involves counterparty risk, including the risk that the loaned
  securities may not be returned or returned in a timely manner and/or a loss of
  rights in the collateral if the borrower or the lending agent defaults or fails
  financially. This risk is increased when a Fund’s loans are concentrated with a
  single or limited number of borrowers. There are no limits on the number of
  borrowers to which a Fund may lend securities and a Fund may lend securities to
  only one or a small group of borrowers. In addition, under the Securities Lending
  Agreement, loans may be made to affiliates of Goldman Sachs as identified in
  the Securities Lending Agreement.

In the section “Additional Services and Programs”, the following subsection is amended and restated:

  Section 403(b)(7) of the Internal Revenue Code permits public school employers
  and employers of certain types of tax-exempt organizations to establish for their
  eligible employees custodial accounts for the purpose of providing for retirement
  income for such employees. Effective September 25, 2007, Treasury regulations
  imposed certain conditions on exchanges between one custodial account
  intended to qualify under Section 403(b)(7) (the “exchanged account”) and
  another contract or custodial account intended to qualify under Section 403(b)
  (the “replacing account”) under the same employer plan (a “Section 403(b)
  Plan”). Specifically, the replacing account agreement must include distribution
  restrictions that are no less stringent than those imposed under the exchanged
  account agreement, and the employer must enter in an agreement with the
  custodian (or other issuer) of the replacing account under which the employer
  and the custodian (or other issuer) of the replacing account will from time to time
  in the future provide each other with certain information.


Due to these Regulations:

1)      The funds do not accept requests to establish new John Hancock custodial 403(b)(7) accounts intended to qualify as a Section 403(b) Plan; and
 
2)      The funds do not accept requests for exchanges or transfers into your John Hancock custodial 403(b)(7) accounts (i.e., where yours is the replacing account); and
 
3)      The funds require certain signed disclosure documentation in the event:
 
 
  • You established a John Hancock custodial 403(b)(7) account with a fund prior to September 24, 2007; and
     
     
  • You direct the fund on or after September 25, 2007 to exchange or transfer some or all of your John Hancock custodial 403(b)(7) account assets to another 403(b) contract or account (i.e., where the exchanged account is with the fund).
     
    4)      Effective January 1, 2009, the funds will no longer accept salary deferrals into 405(b)(7) accounts.
     

    In the event that the fund does not receive the required documentation, and you nonetheless direct the fund to proceed with the transfer, the transfer may be treated as a taxable transaction.