N-Q 1 a_munisec1.htm JOHN HANCOCK MUNICIPAL SECURITIES TRUST a_munisec1.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811- 5968

John Hancock Municipal Series Trust
(Exact name of registrant as specified in charter)

601 Congress Street,
Boston, Massachusetts 02210

(Address of principal executive offices) (Zip code)

Alfred E. Ouellette,
Senior Attorney and Assistant Secretary
601 Congress Street

Boston, Massachusetts 02210
(Name and address of agent for service)

Registrant's telephone number, including area code:
617-663-4324

Date of fiscal year end:                                         August 31

Date of reporting period:                                      November 30, 2005

ITEM 1. SCHEDULE OF INVESTMENTS




John Hancock           
 
Tax-Free Bond Fund           
 
Securities owned by the Fund on           
 
November 30, 2005 (unaudited)           
 
 
  Interest  Maturity  Credit  Par value   
State, issuer, description  rate (%)  date  rating (A)  ($000)  Value 
Tax-exempt long-term bonds 99.99%          $510,716,640 
(Cost $468,971,732)           
 
Arizona 1.57%          8,014,332 

Arizona Health Facilities Auth,           
Rev Ref Phoenix Memorial Hosp (G)(H)  8.200  06-01-21  D  2,150  53,750 
Maricopa County Industrial Development Auth,           
Rev Mtg Back Secs Prog Ser 1998B  6.200  12-01-30  Aaa  795  842,072 
Navajo County Industrial Development Auth,           
Rev Stone Container Corp Proj (G)  7.200  06-01-27  B  1,000  1,041,230 
Phoenix Civic Improvement Corp District,           
Rev Conc Cap Apprec Civic Plaza Ser 2005B  Zero  07-01-28  AAA  1,000  746,940 
Rev Wastewater Sys Jr Lien  6.000  07-01-24  AAA  2,000  2,227,140 
Salt River Project Agricultural Improvement &           
Power District,           
Rev Salt River Project Ser 2005A  5.000  01-01-35  AA  3,000  3,103,200 
 
California 21.54%          110,001,094 

California Pollution Control Financing Auth,           
Rev Chemical Waste Mgmt Inc Proj Ser 2005C  5.125  11-01-23  BBB  3,000  3,035,940 
California, State of,           
Gen Oblig Unltd  5.250  11-01-18  A  3,000  3,203,340 
Gen Oblig Unltd  5.125  04-01-23  A  2,000  2,098,720 
Foothill/Eastern Transportation Corridor Agency,           
Rev Ref Toll Rd Cap Apprec  Zero  01-15-25  BBB-  5,000  1,669,650 
Rev Toll Rd Cap Apprec Sr Lien Ser 1995A  Zero  01-01-19  AAA  30,000  16,693,200 
Rev Toll Rd Sr Lien Ser 1995A  6.000  01-01-16  AAA  19,800  21,779,604 
Golden State Tobacco Securitization Corp,           
Rev Asset Backed Bond Ser 2003B  5.375  06-01-28  A-  2,500  2,692,300 
Madera, County of,           
Rev Cert of Part Valley Childrens Hosp  6.500  03-15-15  AAA  13,185  15,355,383 
Millbrae, City of,           
Rev Magnolia of Milbrae Proj Ser 1997A (G)  7.375  09-01-27  BB  1,750  1,786,750 
Sacramento City Financing Auth,           
Rev Convention Ctr Hotel Sr Ser 1999A (G)  6.250  01-01-30  BB+  4,000  4,173,600 
San Bernardino, County of,           
Rev Ref Cert of Part Med Ctr Fin Proj  5.500  08-01-17  AAA  9,130  10,065,186 
Rev Ref Cert of Part Med Ctr Fin Proj  5.500  08-01-22  A  2,500  2,711,050 
San Diego Redevelopment Agency,           
Rev Tax Alloc City Heights Proj Ser 1999A           
(G)  5.750  09-01-23  BB  25  25,462 
San Joaquin Hills Transportation Corridor Agency,           
Rev Toll Rd Conv Cap Apprec Ser 1997A (Zero           
to 1-15-07, then 5.650%) (O)  Zero  01-15-07  BB  10,000  9,271,400 
Rev Toll Rd Jr Lien  Zero  01-01-10  AAA  6,250  5,380,500 
Rev Toll Rd Sr Lien  Zero  01-01-14  AAA  5,000  3,586,950 
Rev Toll Rd Sr Lien  Zero  01-01-17  AAA  4,900  3,027,759 
Rev Toll Rd Sr Lien  Zero  01-01-20  AAA  2,000  1,055,380 

Page 1


John Hancock           
 
Tax-Free Bond Fund           
 
Securities owned by the Fund on           
 
November 30, 2005 (unaudited)           
 
Santa Ana Financing Auth,           
Rev Lease Police Admin & Hldg Facil           
Ser 1994A  6.250  07-01-19  AAA  2,000  2,388,920 
 
Colorado 0.82%          4,192,170 

E-470 Public Highway Auth,           
Rev Cap Apprec Sr Ser 2000B  Zero  09-01-34  BBB-  7,000  958,020 
Northwest Parkway Public Highway Auth,           
Rev 1st Tier Sub Ser 2001D  7.125  06-15-41  BB+  3,000  3,234,150 
 
Delaware 0.61%          3,139,290 

Charter Mac Equity Issuer Trust,           
Preferred Tax Exempt Shares Ser A-4-1 (S)  5.750  04-30-15  A3  3,000  3,139,290 
 
Florida 6.38%          32,612,117 

Aberdeen Community Development District,           
Rev Spec Assessment (G)  5.500  05-01-36  BB+  1,000  1,005,300 
Bonnet Creek Resort Community Development           
District,           
Rev Spec Assessment (G)  7.375  05-01-34  BB+  1,500  1,638,795 
Rev Spec Assessment (G)  7.250  05-01-18  BB+  1,000  1,098,300 
Capital Projects Finance Auth,           
Rev Student Hsg Cap Projs Ln Prog Ser 2000A           
(G)  7.850  08-15-31  BBB-  3,500  4,173,820 
Rev Student Hsg Cap Projs Ln Prog Ser 2001G           
(G)  9.125  10-01-11  BBB  1,100  1,170,257 
Capital Trust Agency,           
Rev Seminole Tribe Convention Ser 2003A (G)  8.950  10-01-33  BB  3,000  3,701,970 
Crossings at Fleming Island Community Development           
District,           
Rev Ref Spec Assessment Ser 2000C (G)  7.100  05-01-30  BBB-  1,000  1,074,710 
Hernando, County of,           
Rev Criminal Justice Complex Fin  7.650  07-01-16  AAA  500  648,220 
Hillsborough County Industrial Development Auth,           
Rev Ref Tampa General Hosp Proj Ser 2003A  5.250  10-01-24  Baa1  2,000  2,059,380 
Midtown Miami Community Development District,           
Rev Spec Assessment Ser 2004A (G)  6.000  05-01-24  BB  1,750  1,856,628 
Orange County Health Facilities Auth,           
Rev Orlando Regional Healthcare  5.750  12-01-32  A  1,000  1,054,110 
Orange County School Board,           
Rev Ref Cert of Part Ser 1997A  Zero  08-01-13  Aaa  5,000  3,628,900 
Orlando Urban Community Development District,           
Rev Spec Assessment Cap Imp Ser 2001A (G)  6.950  05-01-33  BB+  2,500  2,701,000 
Orlando Utilities Commission,           
Rev Ref Wtr & Elec Sys Sub Ser 1989D  6.750  10-01-17  AA  2,200  2,631,486 
Pinellas County Educational Facilities Auth,           
Rev Barry Univ Proj  5.875  10-01-30  AA  1,260  1,356,566 
South Miami Health Facilities Auth,           
Rev Baptist Hlth South Florida Group  5.200  11-15-28  AA-  2,000  2,052,540 
Stoneybrook West Community Development District,           
Rev Spec Assessment Ser 2000A (G)  7.000  05-01-32  BB  500  534,595 
Rev Spec Assessment Ser 2000B (G)  6.450  05-01-10  BB  225  225,540 

Page 2


John Hancock           
 
Tax-Free Bond Fund           
 
Securities owned by the Fund on           
 
November 30, 2005 (unaudited)           
 
Georgia 4.68%          23,886,831 

Atlanta, City of,           
Rev Tax Alloc Eastside Proj Ser 2005B (G)  5.600  01-01-30  BB+  1,000  1,023,930 
Georgia Municipal Electric Auth,           
Rev Preref Pwr Ser 1993Z  5.500  01-01-20  AAA  150  168,979 
Rev Preref Pwr Ser 1998Y  6.500  01-01-17  AAA  60  71,047 
Rev Ref Pwr Ser 1993BB  5.700  01-01-19  A+  1,000  1,118,060 
Rev Ref Pwr Ser 1993C  5.700  01-01-19  AAA  5,000  5,697,650 
Rev Ref Pwr Ser 1994EE  7.250  01-01-24  AAA  2,000  2,705,740 
Rev Ref Pwr Ser 1998Y  6.500  01-01-17  AAA  145  171,252 
Rev Unref Bal Ser 1993Z  5.500  01-01-20  AAA  5,690  6,318,745 
Rev Unref Bal Ser 1998Y  6.500  01-01-17  AAA  4,635  5,459,798 
Monroe County Development Auth,           
Rev Ref Poll Control Oglethorpe Pwr Corp           
Scherer Ser 1992A  6.800  01-01-12  A  1,000  1,151,630 
 
Illinois 4.47%          22,845,212 

Chicago, City of,           
Gen Oblig Tax Alloc Jr Pilsen Redev           
Ser 2004B (G)  6.750  06-01-22  BBB  3,000  3,144,090 
Illinois Development Finance Auth,           
Rev Ref Commonwealth Edison Co Proj  5.850  01-15-14  AAA  3,000  3,361,290 
Illinois Educational Facilities Auth,           
Rev Edl Advancement Fund Univ Ctr Proj  6.250  05-01-30  Baa2  2,500  2,660,975 
Rev Student Hsg Edl Advancement Fund Univ           
Ctr Proj  6.000  05-01-22  Baa2  1,000  1,062,580 
Illinois Finance Auth,           
Rev Ref Friendship Vlg Schaumburg Ser 2005A  5.625  02-15-37  BB+  1,000  980,590 
Rev Ref Landing at Plymouth Place Proj           
Ser 2005A (G)(M)  6.000  05-15-37  BB  1,000  991,300 
Rev Ref Resurrection Health Ser 2005B (P)  2.940  05-15-35  AA+  4,050  4,050,000 
Kane County Community School District No. 304,           
Gen Oblig Unltd Cap Apprec Ser 2004A  Zero  01-01-17  Aaa  4,705  2,832,598 
Round Lake Beach, Village of,           
Rev Spec Tax Lakewood Grove Spec Serv Area           
No. 1 (G)  6.700  03-01-33  BBB-  1,000  1,045,420 
Will County Community Unit School District No.           
365,           
Gen Oblig Unltd Ref  Zero  11-01-21  AAA  5,780  2,716,369 
 
Indiana 0.40%          2,066,120 

Wabash, County of,           
Rev Solid Waste Disp Jefferson Smurfit Corp           
Proj  7.500  06-01-26  B  2,000  2,066,120 
 
Iowa 0.53%          2,700,750 

Iowa Tobacco Settlement Auth,           
Rev Asset Backed Bond Cap Apprec Ser 2005B  Zero  06-01-34  BBB  3,000  2,700,750 
 
Kansas 0.30%          1,540,890 

Wyandotte, County of,           
Rev Ref Sales Tax 2nd Lien Area B  5.000  12-01-20  BBB-  1,500  1,540,890 

Page 3


John Hancock           
 
Tax-Free Bond Fund           
 
Securities owned by the Fund on           
 
November 30, 2005 (unaudited)           
 
Kentucky 1.66%          8,477,225 

Kentucky Economic Development Finance Auth,           
Rev Ref Norton Healthcare Inc Ser 2000C           
(Zero to 10-1-05, then 6.100%) (O)  6.100  10-01-21  AAA  5,000  5,704,100 
Kentucky State Property & Buildings Commission,           
Rev Ref Proj No. 84  5.000  08-01-21  AAA  2,550  2,773,125 
 
Louisiana 0.20%          1,002,893 

Jefferson Parish Home Mortgage Auth,           
Rev Ref Single Family Mtg Ser 1999B  6.750  06-01-30  Aaa  980  1,002,893 
 
Maryland 0.94%          4,802,185 

Annapolis, City of,           
Rev Park Place Proj Ser 2005A (G)  5.350  07-01-34  BB+  500  500,745 
Municipal Mortgage & Equity LLC,           
Bond (S)  6.875  06-30-49  A3  4,000  4,301,440 
 
Massachusetts 4.19%          21,427,032 

Massachusetts Development Finance Agency,           
Rev Boston Univ Ser 1999P  6.000  05-15-59  BBB+  1,000  1,132,710 
Massachusetts Health and Educational Facilities           
Auth,           
Rev Civic Investments Inc Ser 2002B (G)  9.200  12-15-31  BB  3,500  4,191,460 
Rev Ref Partners Healthcare Sys Ser 2001C  5.750  07-01-32  AA-  2,000  2,168,700 
Massachusetts Housing Finance Agency,           
Rev Ser 2003B  4.700  12-01-16  AA-  1,000  1,000,830 
Massachusetts Industrial Finance Agency,           
Rev Assisted Living Facil Newton Group           
Properties (G)  8.000  09-01-27  BB  1,355  1,471,286 
Massachusetts Special Obligation Dedicated Tax,           
Rev  5.250  01-01-26  AAA  2,000  2,182,740 
Massachusetts Water Pollution Abatement Trust,           
Rev Unref Bal Ser 1994A  6.375  02-01-15  AAA  75  75,386 
Massachusetts, Commonwealth of,           
Gen Oblig Unltd Ref Ser 2004C  5.500  12-01-24  AAA  8,000  9,203,920 
 
Michigan 0.61%          3,137,250 

Grand Rapids, City of,           
Rev Sanitation Swr Sys  5.000  01-01-30  AAA  2,000  2,073,940 
Kent Hospital Finance Auth,           
Rev Met Hosp Proj Ser 2005A  6.000  07-01-35  BBB  1,000  1,063,310 
 
Minnesota 1.84%          9,413,405 

St. Cloud, City of,           
Rev Ref St Cloud Hosp Oblig Group Ser 2000A  5.875  05-01-30  Aaa  2,000  2,174,280 
St. Paul Housing & Redevelopment Auth,           
Rev Healtheast Hosp Proj  6.000  11-15-35  BB+  1,500  1,597,725 
University of Minnesota,           
Rev Ref Ser 1996A  5.500  07-01-21  AA  5,000  5,641,400 
 
Missouri 0.21%          1,070,360 

Fenton, City of,           
Rev Ref Tax Increment Imp Gravois Bluffs  7.000  10-01-21  BBB+  1,000  1,070,360 

Page 4


John Hancock           
 
Tax-Free Bond Fund           
 
Securities owned by the Fund on           
 
November 30, 2005 (unaudited)           
 
 
Nebraska 1.65%          8,429,746 

Nebraska Public Power District,           
Rev Ref Ser 2005C  5.000  01-01-30  AAA  6,765  7,042,162 
Omaha Public Power District,           
Rev Ref Elec Imp Ser 1992B  6.200  02-01-17  Aa2  1,200  1,387,584 
 
Nevada 1.02%          5,199,144 

Nevada Department of Business & Industry,           
Rev Las Vegas Monorail Proj 2nd Tier (G)  7.375  01-01-40  BB-  2,000  2,085,840 
Rev Las Ventanas Retirement Proj Ser 2004A           
(G)  7.000  11-15-34  BB+  3,000  3,088,230 
Nevada, State of,           
Gen Oblig Ltd Unref Bal Ser 1992A  6.750  07-01-09  AA  25  25,074 
 
New Hampshire 0.27%          1,388,825 

New Hampshire Health & Education Facilities Auth,           
Rev Exeter Proj  6.000  10-01-24  A+  1,250  1,388,825 
 
New Jersey 4.19%          21,403,143 

Camden County Improvement Auth,           
Rev Lease Hotl Hauling & Warehousing           
Ser 1996A (G)(H)  9.875  01-01-21  D  1,100  142,780 
New Jersey Economic Development Auth,           
Rev 1st Mtg Winchester Gardens Ser 1996A  8.500  11-01-16  Aaa  100  106,664 
Rev Cigarette Tax  5.500  06-15-24  BBB  3,000  3,113,220 
Rev Ref Holt Hauling Proj Ser 1995J (G)(H)  8.500  11-01-23  D  2,500  2,401,500 
Rev Ref Newark Airport Marriot Hotel  7.000  10-01-14  Ba3  2,000  2,060,640 
Rev School Facils Constr Ser 2005O  5.250  03-01-26  AA-  1,405  1,481,755 
New Jersey Health Care Facilities Financing Auth,           
Rev Care Institute Inc Cherry Hill Proj (G)  8.000  07-01-27  BB  1,120  1,166,110 
New Jersey Tobacco Settlement Financing Corp,           
Rev Asset Backed Bond  6.750  06-01-39  BBB  5,000  5,578,900 
Rev Asset Backed Bond  6.250  06-01-43  BBB  4,000  4,340,840 
Newark, City of,           
Gen Oblig Unltd Ref  5.000  10-01-15  Aaa  950  1,010,734 
 
New Mexico 0.41%          2,086,000 

Farmington, City of,           
Rev Ref Poll Control Tucson Elec Pwr Co           
Ser 1997A  6.950  10-01-20  B+  2,000  2,086,000 
 
New York 12.68%          64,751,404 

Dutchess County Resource Recovery Agency,           
Rev Resource Recovery Solid Waste Sys           
Ser 1999A  5.350  01-01-12  AAA  510  550,565 
Erie County Tobacco Asset Securitization Corp,           
Rev Ref Asset Backed Bond Ser 2005A  5.000  06-01-38  BBB  1,750  1,618,172 
Jay Street Development Corp.,           
Rev Jay Street Proj Ser 2001A-2 (P)  2.900  05-01-20  AA+  300  300,000 
Liberty Development Corp,           
Rev Goldman Sachs Headquarters  5.250  10-01-35  A+  1,000  1,099,670 

Page 5


John Hancock           
 
Tax-Free Bond Fund           
 
Securities owned by the Fund on           
 
November 30, 2005 (unaudited)           
 
Nassau County Industrial Development Agency,           
Rev Ref Civic Facil North Shore Hlth Sys           
Projs Ser 2001B  5.875  11-01-11  A3  720  767,844 
New York, City of,           
Gen Oblig Unltd Ser 2004G  5.000  12-01-21  A+  5,000  5,187,150 
New York City Industrial Development Agency,           
Rev American Airlines JFK Intl Arpt  7.625  08-01-25  B-  2,500  2,399,825 
Rev Liberty 7 World Trade Ctr Ser 2005A (G)  6.250  03-01-15  BB  2,000  2,090,080 
Rev Ref Terminal One Group Assn Proj (N)  5.500  01-01-24  BBB+  1,500  1,578,210 
New York City Municipal Water Finance Auth,           
Rev Preref Wtr & Swr Sys Ser 2000B  6.000  06-15-33  AA+  365  406,577 
Rev Unref Bal Wtr & Swr Sys Ser 2000B  6.000  06-15-33  AA+  375  414,668 
Rev Wtr & Swr Sys Ser 1999A  5.500  06-15-32  AAA  2,000  2,156,340 
New York City Transitional Finance Auth,           
Rev Ref Future Tax Sec Ser 2002A (Zero to           
11-01-11 then 14.000%) (O)  Zero  11-01-29  AAA  5,000  3,971,150 
Rev Ref Future Tax Sec Ser 2002C-4 (P)  2.920  08-01-31  AAA  8,110  8,110,000 
New York Convention Center Development Corp,           
Rev Hotel Unit Fee Secd  5.000  11-15-30  AAA  5,000  5,178,450 
New York State Dormitory Auth,           
Rev City Univ Sys Consol 2nd Generation           
Ser 1993A  5.750  07-01-09  AA-  1,000  1,065,180 
Rev Personal Income Tax Ser 2005F (N)  5.000  03-15-30  AA  4,000  4,116,560 
Rev Preref Ser 1990B  7.500  05-15-11  AA-  160  183,102 
Rev Ref State Univ Edl Facil Ser 1993A  5.500  05-15-19  AA-  1,000  1,117,070 
Rev Unref Bal Ser 1990B  7.500  05-15-11  AA-  265  298,864 
New York State Environmental Facilities Corp,           
Rev Ref Poll Control (P)  11.372  06-15-11  AAA  2,000  2,708,900 
New York State Housing Finance Agency,           
Rev Ref State Univ Constr Ser 1986A  8.000  05-01-11  AAA  2,000  2,294,560 
New York State Thruway Auth,           
Rev Ref Hwy & Brdg Trust Fd Ser 2005B  5.500  04-01-20  AAA  3,500  3,998,330 
Port Auth of New York and New Jersey,           
Rev Cons Thirty Seventh Ser 2004  5.500  07-15-18  AAA  1,000  1,094,100 
Rev Ref Spec Proj KIAC Partners Ser 4 (G)  6.750  10-01-19  BBB  8,700  9,079,407 
Westchester Tobacco Asset Securitization Corp,           
Rev Asset Backed Bond (Zero to 7-15-09 then           
6.950%) (O)  Zero  07-15-39  BBB  2,000  2,023,120 
Rev Ref Asset Backed Bond  5.125  06-01-38  BBB  1,000  943,510 
 
North Carolina 0.94%          4,782,605 

North Carolina Eastern Municipal Power Agency,           
Rev Ref Pwr Sys Ser 2003C  5.375  01-01-17  BBB  2,000  2,113,780 
North Carolina Municipal Power Agency Number 1,           
Rev Catawba Elec Ser 2003A  5.250  01-01-19  AAA  2,500  2,668,825 
 
Ohio 0.92%          4,695,819 

Cuyahoga, County of,           
Rev Ref Cleveland Clinic Hlth Sys Ser 2003A  6.000  01-01-20  A+  1,500  1,659,420 
Rev Ref Cleveland Clinic Hlth Sys Ser 2003A  5.750  01-01-25  A+  2,500  2,695,525 
Student Loan Funding Corp,           
Rev Ref Cincinnati Student Ln Sub Ser 1991B           
(G)  8.875  08-01-08  BBB-  340  340,874 

Page 6


John Hancock           
 
Tax-Free Bond Fund           
 
Securities owned by the Fund on           
 
November 30, 2005 (unaudited)           
 
Oklahoma 0.40%          2,026,040 

Tulsa Municipal Airport Trust,           
Rev Ref Ser 2000A (P)  7.750  06-01-35  B-  2,000  2,026,040 
 
Oregon 0.65%          3,344,121 

Western Generation Agency,           
Rev Wauna Cogeneration Proj Ser 1994A (G)  7.125  01-01-21  BBB-  3,300  3,344,121 
 
Pennsylvania 3.26%          16,675,178 

Allegheny County Industrial Development Auth,           
Rev Ref Environmental Imp  5.500  11-01-16  BB  1,500  1,510,455 
Allegheny County Redevelopment Auth,           
Rev Tax Alloc Pittsburgh Mills Proj (G)  5.600  07-01-23  BB  1,000  1,035,490 
Carbon County Industrial Development Auth,           
Rev Ref Resource Recovery Panther Creek           
Partners Proj  6.700  05-01-12  BBB-  4,960  5,391,818 
Delaware County Industrial Development Auth,           
Rev Ref Resource Recovery Facil Ser 1997A  6.100  07-01-13  BBB  2,500  2,632,350 
Delaware, County of,           
Rev Ref 1st Mtg Riddle Village Proj (G)  7.000  06-01-26  BB  1,250  1,272,437 
Lehigh, County of,           
Rev Ref St Lukes Hosp Bethlehem  5.250  08-15-23  BBB  1,500  1,543,920 
Philadelphia Industrial Development Auth,           
Rev Commercial Dev Marriot Hotel (G)  7.750  12-01-17  B+  3,250  3,288,708 
 
Puerto Rico 11.09%          56,633,253 

Puerto Rico Aqueduct and Sewer Auth,           
Rev Ref Inverse Floater (Gtd) (P)  9.120  07-01-11  AAA  6,500  7,982,130 
Rev Ref Pars & Inflos (Gtd)  6.000  07-01-11  AAA  200  222,802 
Puerto Rico Highway and Transportation Auth,           
Rev Ref Trans Ser 2005K  5.000  07-01-27  BBB+  7,500  7,499,700 
Rev Ser PA 114 (G)(K)(P)  8.666  01-01-08  AAA  13,130  16,169,595 
Puerto Rico Public Buildings Auth,           
Rev Ref Govt Facils Ser 2002F (Gtd)  5.250  07-01-20  BBB  2,000  2,170,260 
Rev Unref Bal Gov't Facils Ser 2002D (Gtd)  5.250  07-01-36  BBB  2,000  2,036,320 
Puerto Rico, Commonwealth of,           
Gen Oblig Unltd Ser 975 (P)  6.730  07-01-18  Aaa  2,915  3,300,246 
Rev Inverse Floater (P)  8.970  07-01-11  AAA  14,000  17,252,200 
 
Rhode Island 0.21%          1,082,040 

Tiverton, Town of,           
Rev Spec Oblig Tax Mount Hope Bay Village           
Ser 2002A (G)  6.875  05-01-22  BB+  1,000  1,082,040 
 
South Carolina 0.88%          4,482,674 

Dorchester County School District No. 2,           
Rev Growth Remedy Oppty Tax Hike  5.250  12-01-29  A  2,000  2,047,540 
Florence, County of,           
Rev Ind'l Dev Stone Container Proj (G)  7.375  02-01-07  BB-  1,110  1,113,996 
South Carolina Jobs-Economic Development Auth,           
Rev South Carolina Elec & Gas Co Proj           
Ser 2002A  5.200  11-01-27  AAA  1,250  1,321,138 

Page 7


John Hancock           
 
Tax-Free Bond Fund           
 
Securities owned by the Fund on           
 
November 30, 2005 (unaudited)           
 
South Dakota 2.09%          10,661,600 

South Dakota Educational Enhancement Funding Corp,           
Rev Tobacco Settlement Asset Backed Bond           
Ser 2002B  6.500  06-01-32  BBB  10,000  10,661,600 
 
Tennessee 1.29%          6,571,175 

Humphreys County Industrial Development Board,           
Rev E.I. Dupont Denemours & Co Proj  6.700  05-01-24  AA-  6,500  6,571,175 
 
Texas 2.89%          14,737,694 

Austin, City of,           
Rev Ref Combined Util Sys Ser 1998  6.750  11-15-10  AAA  3,125  3,551,281 
Bexar County Health Facilities Development Corp,           
Rev Ref Army Retirement Residence Proj  6.300  07-01-32  BBB-  1,000  1,062,640 
Brazos River Auth,           
Rev Ref Poll Control Texas Utilities Co           
Ser 1999A  7.700  04-01-33  BBB-  1,500  1,755,150 
Houston Independent School District,           
Rev Cap Apprec Cesar E Chavez Ser 1998A  Zero  09-15-16  AAA  900  553,023 
Port Corpus Christi Industrial Development Corp,           
Rev Citgo Petroleum Corp Proj  8.250  11-01-31  BB  2,000  2,114,460 
Rev Ref Valero Energy Corp Proj Ser 1997B  5.400  04-01-18  BBB  2,500  2,610,800 
Sabine River Auth,           
Rev Ref TXU Energy Co LLC Proj Ser 2003B  6.150  08-01-22  BBB-  1,000  1,090,420 
Rev Ref TXU Energy Co LLC Proj Ser 2005C  5.200  05-01-28  BBB-  2,000  1,999,920 
 
Utah 0.43%          2,204,274 

Mountain Regional Water Special Service District,           
Rev Spec Assessment Spec Imp Dist No.           
2002-1 (G)  7.000  12-01-18  BBB-  965  993,554 
Salt Lake City Hospital,           
Rev Ref IHC Hosp Inc Ser 1998A  8.125  05-15-15  AAA  1,000  1,210,720 
 
Virgin Islands 0.20%          1,020,220 

Virgin Islands Water & Power Auth,           
Rev Ref Wtr Sys (G)  5.500  07-01-17  BB+  1,000  1,020,220 
 
Virginia 1.16%          5,910,085 

Pittsylvania County Industrial Development Auth,           
Rev Exempt Facil Ser 1994A (G)  7.550  01-01-19  BB  3,500  3,588,235 
Pocahontas Parkway Association,           
Rev Toll Rd Cap Apprec Sr Ser 1998B  Zero  08-15-19  BB-  5,000  2,321,850 
 
Washington 1.74%          8,899,460 

Seattle, Port of,           
Rev Northwest Airlines Proj (G)(H)  7.250  04-01-30  CCC+  1,700  1,157,173 
Washington Public Power Supply System,           
Ref Rev Nuclear Proj No. 1 Ser 1989B  7.125  07-01-16  AA-  1,500  1,862,325 
Washington Tobacco Settlement Auth,           
Rev Asset Backed Bond  6.500  06-01-26  BBB  4,405  4,714,672 
Washington, State of,           
Gen Oblig Unltd Ser 1990A  6.750  02-01-15  AA  1,000  1,165,290 

Page 8


John Hancock           
Tax-Free Bond Fund           
Securities owned by the Fund on           
November 30, 2005 (unaudited)           
 
West Virginia 0.67%          3,402,984 

West Virginia State Hospital Finance Auth,           
Rev Preref Charleston Area Med Ctr  6.750  09-01-22  A2  2,400  2,744,232 
Rev Unref Bal Charleston Area Med Ctr  6.750  09-01-22  A2  600  658,752 
 
Interest      Par value   
Issuer, description, maturity date  rate (%)      ($000)  Value 
Short-term investments 0.01%          $74,000 
(Cost $74,000)           
 
Joint Repurchase Agreement 0.01%          74,000 

Investment in a joint repurchase agreement           
transaction with UBS Warburg, Inc. - Dated           
11-30-05, due 12-1-05 (secured by U.S. Treasury           
Inflation Indexed Bonds 3.375% and 3.625%, due           
4-15-28 and 4-15-32 and U.S. Treasury Inflation           
Indexed Note 1.625%, due 1-15-15)  3.950      74  74,000 
 
Total investments 100.00%          $510,790,640 

Page 9


John Hancock

Tax-Free Bond Fund

Footnotes to Schedule of Investments November 30, 2005 (unaudited)

(A) Credit ratings are unaudited and are rated by Moody's Investors Service or Fitch where Standard & Poor's ratings are not available unless indicated otherwise.

(G) Security rated internally by John Hancock Advisers, LLC.

(H) Non-income-producing issuer filed for protection under the Federal Bankruptcy Code or is in default of interest payment.

(K) Direct placement securities are restricted to resale. They have been fair valued in accordance with procedures approved by the Trustees after consideration of restrictions as to resale, financial condition and prospects of the issuer, general market conditions and pertinent information in accordance with the Fund's by-laws and the Investment Company Act of 1940, as amended. The Fund has limited rights to registration under the Securities Act of 1933 with respect to these restricted securities. Additional information on these securities is shown on the direct placement table following these footnotes.

(M) This security, having an aggregate value of $991,300, or 0.19% of the Fund's total investments, has been purchased as a forward commitment--that is, the Fund has agreed on trade date to take delivery of and to make payment for this security on a delayed basis subsequent to the date of this schedule. The purchase price and interest rate of this security is fixed at trade date, although the Fund does not earn any interest on this until settlement date. The fund has segregated assets with a current value at least equal to the amount of the forward commitment.

Accordingly, the market value of $1,022,981 of Foothill/Eastern Transportation Corridor Agency, Zero, 1-15-25 has been segregated to cover the forward commitment.

(N) These securities, having an aggregate value of $5,694,770 or 1.11% of the Fund's total investments, have been purchased on a when-issued basis. The purchase price and the interest rate of such securities are fixed at trade date, although the Fund does not earn any interest on such securities until settlement date. The Fund has instructed its custodian bank to segregate assets with a current value at least equal to the amount of its when-issued commitments. Accordingly, the market value of $5,791,395 of Foothill/Eastern Transportation Corridor Agency, Zero, 1-15-25 has been segregated to cover the when-issued commitments.

(O) Cash interest will be paid on this obligation at the stated rate beginning on the stated date.

(P) Represents rate in effect on November 30, 2005.

(S) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $7,440,730 or 1.46% of the Fund's total investments as of November 30, 2005.

The percentage shown for each investment category is the total value of that category as a percentage of the total investments of the Fund.

The cost of investments owned on November 30, 2005, including short-term investments, was $469,045,732. Gross unrealized appreciation and depreciation of investments aggregated $45,727,596 and $3,982,688, respectively, resulting in net unrealized appreciation of $41,744,908.

Footnotes to Schedule of Investments - Page 1


John Hancock         
 
Tax-Free Bond Fund         
 
Direct Placement Securities         
November 30, 2005 (unaudited)         
 
      Value as a   
      percentage   
      of Fund's   
  Acquisition  Acquisition  total  Value as of 
Issuer, description  date  cost  investments  11/30/05 

 
Puerto Rico Highway and Transportation Auth,         
- Rev Ser PA 114, 8.666%, 01-01-08  04-02-96  $14,925,160  3.17%  $16,169,595 

Direct Placement Securities






John Hancock           
 
High Yield Municipal Bond Fund         
 
Securities owned by the Fund on           
 
November 30, 2005 (unaudited)           
 
 
  Interest  Maturity  Credit  Par value   
State, issuer, description  rate (%)  date  rating (A)  ($000)  Value 
Tax-exempt long-term bonds 99.97%          $99,405,641 
(Cost $94,595,809)           
 
California 12.34%          12,271,976 

ABAG Finance Authority for Nonprofit Corps,           
Rev Cert of Part Nat'l Ctr for Int'l Schools           
Proj (G)  7.375  05-01-18  BB+  1,000  1,031,740 
California Pollution Control Financing Auth,           
Rev Chemical Waste Mgmt Inc Proj Ser 2005C  5.125  11-01-23  BBB  1,000  1,011,980 
Foothill/Eastern Transportation Corridor Agency,           
Rev Ref Toll Rd Cap Apprec  Zero  01-15-36  BBB-  4,000  676,640 
Rev Toll Rd Cap Apprec Sr Lien Ser 1995A  Zero  01-01-18  AAA  7,950  4,664,821 
Millbrae, City of,           
Rev Magnolia of Milbrae Proj Ser 1997A (G)  7.375  09-01-27  BB  1,000  1,021,000 
San Bernardino, County of,           
Rev Ref Cert of Part Med Ctr Fin Proj  5.500  08-01-17  AAA  2,500  2,756,075 
San Diego County Water Auth,           
Rev Ref Cert of Part Inverse Floater (P)  8.703  04-23-08  AAA  1,000  1,109,720 
 
Colorado 2.00%          1,991,388 

E-470 Public Highway Auth,           
Rev Cap Apprec Sr Ser 2000B  Zero  09-01-35  BBB-  15,700  1,991,388 
 
Connecticut 1.07%          1,064,580 

Connecticut Development Auth,           
Rev Ref Poll Control Connecticut Light & Pwr           
Ser 1  5.850  09-01-28  BBB  1,000  1,064,580 
 
Delaware 1.08%          1,068,880 

Charter Mac Equity Issuer Trust,           
Preferred Tax Exempt Shares Ser A-4-2 (S)  6.000  04-30-19  A3  1,000  1,068,880 
 
Florida 21.66%          21,538,830 

Aberdeen Community Development District,           
Rev Spec Assessment (G)  5.500  05-01-36  BB+  1,000  1,005,300 
Bonnet Creek Resort Community Development District,           
Rev Spec Assessment (G)  7.375  05-01-34  BB+  1,055  1,152,619 
Rev Spec Assessment (G)  7.250  05-01-18  BB+  1,445  1,587,043 
Capital Projects Finance Auth,           
Rev Student Hsg Cap Projs Ln Prog Ser 2000A (G)  7.850  08-15-31  BBB-  2,000  2,385,040 
Rev Student Hsg Cap Projs Ln Prog Ser 2001G (G)  9.125  10-01-11  BBB  1,430  1,521,334 
Capital Trust Agency,           
Rev Seminole Tribe Convention Ser 2003A (G)  8.950  10-01-33  BB  1,000  1,233,990 
Crossings at Fleming Island Community Development           
District,           

Page 1


John Hancock           
 
High Yield Municipal Bond Fund         
 
Securities owned by the Fund on           
 
November 30, 2005 (unaudited)           
 
Rev Ref Spec Assessment Ser 2000C (G)  7.100  05-01-30  BBB-  1,000  1,074,710 
Grand Haven Community Development District,           
Rev Spec Assessment Ser 1997B (G)  6.900  05-01-19  BB+  895  906,680 
Homestead, City of,           
Rev Ind'l Dev Community Rehab Proj Ser 1993A           
(G)  7.950  11-01-18  BB  3,010  3,034,170 
Miami Beach Health Facilities Auth,           
Rev Ref Hosp Mt Sinai Medical Ctr Ser 2001A  6.125  11-15-11  BB+  1,065  1,149,124 
Midtown Miami Community Development District,           
Rev Spec Assessment Ser 2004A (G)  6.000  05-01-24  BB  2,000  2,121,860 
Orlando Urban Community Development District,           
Rev Spec Assessment Cap Imp (G)  6.000  05-01-20  BB+  960  1,029,139 
Poinciana Community Development District,           
Rev Spec Assessment Ser 2000A (G)  7.125  05-01-31  BB+  500  532,380 
South Kendall Community Development District,           
Rev Spec Assessment Ser 2000A (G)  5.900  05-01-35  BB+  1,000  1,036,490 
Waterchase Community Development District,           
Rev Cap Imp Ser 2001A (G)  6.700  05-01-32  BBB-  715  762,791 
West Villages Improvement District,           
Rev Ref Spec Assessment (G)  5.800  05-01-36  BB  1,000  1,006,160 
 
Georgia 7.14%          7,102,695 

Atlanta, City of,           
Rev Tax Alloc Eastside Proj Ser 2005B (G)  5.600  01-01-30  BB+  1,500  1,535,895 
Rev Wtr & Waste Wtr (P)  6.716  11-01-19  AAA  5,000  5,566,800 
 
Illinois 5.94%          5,904,815 

Bedford Park, City of,           
Rev Ref Tax Increment 71st & Cicero Proj (G)  7.000  01-01-06  BBB-  130  130,352 
Chicago, City of,           
Gen Oblig Tax Increment Ser 2004B (G)  6.750  06-01-22  BBB  2,000  2,096,060 
Illinois Educational Facilities Auth,           
Rev Student Hsg Edl Advancement Fund Univ Ctr           
Proj  6.000  05-01-22  Baa2  1,000  1,062,580 
Illinois Finance Auth,           
Rev Friendship Village Schaumburg Ser 2005A  5.375  02-15-25  BB+  2,000  1,996,260 
Rev Ref Landing at Plymouth Place Proj           
Ser 2005A (G)(M)  6.000  05-15-37  BB  625  619,563 
 
Iowa 0.24%          243,104 

Iowa Finance Auth,           
Rev Ref Hlth Care Facil Care Initiatives Proj           
(G)  9.250  07-01-25  BB  200  243,104 
 
Maryland 3.81%          3,793,225 

Annapolis, City of,           
Rev Park Place Proj Ser 2005A (G)  5.350  07-01-34  BB+  1,000  1,001,490 
Maryland Economic Development Corp,           
Rev Student Hsg Sr Univ of Maryland Ser 2003A  5.625  10-01-23  Baa3  750  792,975 
Prince Georges, County of,           
Rev Spec Tax Dist Victoria Falls Proj (G)  5.250  07-01-35  BB+  1,000  1,006,170 
Rev Spec Tax Nat'l Harbor Proj (G)  5.200  07-01-34  BB+  1,000  992,590 

Page 2


John Hancock           
 
High Yield Municipal Bond Fund         
 
Securities owned by the Fund on           
 
November 30, 2005 (unaudited)           
 
Massachusetts 7.88%          7,833,762 

Massachusetts Development Finance Agency,           
Rev Mass College of Pharmacy & Allied Hlth           
Science  5.750  07-01-33  BBB  1,000  1,049,650 
Rev Resource Recovery Ogden Haverhill Proj           
Ser 1998B  5.500  12-01-19  BBB  1,700  1,727,744 
Massachusetts Health and Educational Facilities Auth,           
Rev Civic Investments Inc Ser 2002B (G)  9.200  12-15-31  BB  2,500  2,993,900 
Rev Jordan Hosp Ser 2003E  6.750  10-01-33  BBB-  1,000  1,085,230 
Massachusetts Industrial Finance Agency,           
Rev Assisted Living Facil Newton Group           
Properties (G)  8.000  09-01-27  BB  900  977,238 
 
Michigan 2.92%          2,905,738 

Waterford, Township of,           
Rev Ref Ltd Oblig Canterbury Hlth (G)  6.000  01-01-39  B+  3,605  2,905,738 
 
Missouri 1.08%          1,070,360 

Fenton, City of,           
Rev Ref Tax Increment Imp Gravois Bluffs  7.000  10-01-21  BBB+  1,000  1,070,360 
 
Nevada 4.17%          4,143,600 

Nevada Department of Business & Industry,           
Rev Las Vegas Monorail Proj 2nd Tier (G)  7.375  01-01-40  BB-  1,000  1,042,920 
Rev Las Vegas Monorail Proj 2nd Tier (G)  7.250  01-01-23  BB-  1,000  1,041,860 
Rev Las Ventanas Retirement Proj Ser 2004A (G)  7.000  11-15-34  BB+  2,000  2,058,820 
 
New Jersey 7.21%          7,167,023 

Camden County Improvement Auth,           
Rev Lease Hotl Hauling & Warehousing Series           
1996A (G)(H)  9.875  01-01-21  D  1,500  194,700 
New Jersey Economic Development Auth,           
Rev Ref Holt Hauling Proj Ser 1995J (G)(H)  8.500  11-01-23  D  2,500  2,401,500 
New Jersey Health Care Facilities Financing Auth,           
Rev Care Institute Inc Cherry Hill Proj (G)  8.000  07-01-27  BB  1,250  1,301,463 
Rev Ref St Peters Univ Hosp Ser 2000A  6.875  07-01-30  BBB+  1,000  1,088,530 
New Jersey Tobacco Settlement Financing Corp,           
Rev Asset Backed Bond  6.375  06-01-32  BBB  1,000  1,095,620 
Rev Asset Backed Bond  6.250  06-01-43  BBB  1,000  1,085,210 
 
New York 1.78%          1,767,560 

New York City Industrial Development Agency,           
Rev Liberty 7 World Trade Ctr Ser 2005A (G)  6.250  03-01-15  BB  1,500  1,567,560 
New York City Transitional Finance Auth,           
Rev Ref Future Tax Secd Ser 2002C-4 (P)  2.920  08-01-31  AA+  200  200,000 
 
Oklahoma 1.02%          1,013,020 

Tulsa Municipal Airport Trust,           
Rev Ref Ser 2000A (P)  7.750  06-01-35  B-  1,000  1,013,020 

Page 3


John Hancock           
High Yield Municipal Bond Fund         
Securities owned by the Fund on           
November 30, 2005 (unaudited)           
 
Oregon 2.85%          2,837,436 

Western Generation Agency,           
Rev Wauna Cogeneration Proj Ser 1994A (G)  7.125  01-01-21  BBB-  2,800  2,837,436 
Puerto Rico 3.99%          3,962,560 

Puerto Rico, Commonwealth of,           
Gen Oblig Unltd Ser 975 (P)  6.730  07-01-18  Aaa  3,500  3,962,560 
Rhode Island 0.48%          481,508 

Tiverton, Town of,           
Rev Spec Oblig Tax Mount Hope Bay Village           
Ser 2002 (G)  6.875  05-01-22  BB+  445  481,508 
Tennessee 1.17%          1,165,980 

Johnson City Health & Educational Facilities Board,           
Rev Ref Hosp 1st Mtg Mtn States Hlth Ser 2000A  7.500  07-01-33  BBB+  1,000  1,165,980 
Texas 4.75%          4,724,847 

Bexar County Health Facilities Development Corp,           
Rev Ref Army Retirement Residence Proj  6.300  07-01-32  BBB-  150  159,396 
Brazos River Auth,           
Rev Ref Poll Control Texas Utilities Co           
Ser 1999A  7.700  04-01-33  BBB-  1,000  1,170,100 
Gulf Coast Industrial Development Auth,           
Rev Solid Waste Disposal Citgo Petroleum Proj  8.000  04-01-28  Ba2  2,100  2,366,091 
Metro Health Facilities Development Corp,           
Rev Wilson N Jones Mem Hosp Proj  7.250  01-01-31  B1  1,000  1,029,260 
Utah 0.79%          783,964 

Carbon, County of,           
Rev Ref Sunnyside Cogeneration Ser 1999A (G)  7.100  08-15-23  BB  700  698,985 
Rev Ref Sunnyside Cogeneration Ser 1999B (G)  Zero  08-15-24  BB  290  84,979 
Virginia 3.56%          3,535,950 

Pocahontas Parkway Association,           
Rev Toll Rd Cap Apprec Sr Ser 1998B  Zero  08-15-19  BB-  5,000  2,321,850 
Rev Toll Rd Cap Apprec Sr Ser 1998B  Zero  08-15-30  BB-  5,000  1,214,100 
Washington 1.04%          1,032,840 

Washington Tobacco Settlement Auth,           
Rev Asset Backed Bond  6.500  06-01-26  BBB  965  1,032,840 

Page 4


John Hancock       
High Yield Municipal Bond Fund     
Securities owned by the Fund on     
November 30, 2005 (unaudited)     
  Interest    Par value   
Issuer, description, maturity date  rate (%)    ($000)  Value 
Short-term investments 0.03%    $27,000 
(Cost $27,000)       
 
Joint Repurchase Agreement  0.03%      27,000 

Investment in a joint repurchase agreement     
transaction with UBS Warburg, Inc. - Dated 11-30-05,     
due 12-1-05 (secured by U.S. Treasury Inflation     
Indexed Bonds 3.375% and 3.625%, due 4-15-28 and     
4-15-32 and U.S. Treasury Inflation Indexed Note     
1.625%, due 1-15-15)  3.950    27  27,000 
 
Total investments 100.00%     $99,432,641 

Page 5


John Hancock

High Yield Municipal Bond Fund

Footnotes to Schedule of Investments November 30, 2005 (unaudited)

(A) Credit ratings are unaudited and are rated by Moody's Investors Service or Fitch where Standard & Poor's ratings are not available unless indicated otherwise.

(G) Security rated internally by John Hancock Advisers, LLC.

(H) Non-income-producing issuer filed for protection under the Federal Bankruptcy Code or is in default of interest payment.

(M) This security, having an aggregate value of $619,563, or 0.62% of the Fund's total investments, has been purchased as a forward commitment--that is, the Fund has agreed on trade date to take delivery of and to make payment for this security on a delayed basis subsequent to the date of this schedule. The purchase price and interest rate of this security is fixed at trade date, although the Fund does not earn any interest on this until settlement date. The fund has segregated assets with a current value at least equal to the amount of the forward commitment.

Accordingly, the market value of $695,850 of Atlanta, City of, 6.716%, 11-1-19 has been segregated to cover the forward commitment.

(P) Represents rate in effect on November 30, 2005.

(S) This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $1,068,880 or 1.07% of the Fund's total investments as of November 30, 2005.

The percentage shown for each investment category is the total value of that category as a percentage of the total investments of the Fund.

The cost of investments owned on November 30, 2005, including short-term investments, was $94,622,809. Gross unrealized appreciation and depreciation of investments aggregated $7,602,675 and $2,792,843, respectively, resulting in net unrealized appreciation of $4,809,832.

Footnotes to Schedule of Investments - Page 1




ITEM 2. CONTROLS AND PROCEDURES.

(a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this Form N-Q, the registrant's principal executive officer and principal accounting officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms.

(b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 3. EXHIBITS.

Separate certifications for the registrant's principal executive officer and principal accounting officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940, are attached.


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.

John Hancock Municipal Series Trust

By:
/s/Keith F. Hartstein
Keith F. Hartstein
President and Chief Executive Officer

Date: January 27, 2006

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.

By: /s/Keith F. Hartstein
Keith F. Hartstein
President and Chief Executive Officer

Date: January 27, 2006


By:
/s/John G. Vrysen
John G. Vrysen
Executive Vice President and Chief Financial Officer

Date: January 27, 2006