EXHIBIT 77O TRANSACTIONS  EFFECTED PURSUANT TO RULE 10f-3 John Hancock V.A.
International  Fund  purchased  9,600  shares of common  stock in an offering of
760,100,000 shares of common stock (issuer-Friends  Provident PLC) at a price of
$2.25  on  July  6,  2001.  The  seller  to the  fund  was  Merrill  Lynch.  The
underwriting  syndicate  included  Merrill  Lynch  International,  Goldman Sachs
International,  Cazenove,  Foxx-Pitt,  Kelton, HSBC. The determinations required
pursuant  to Rule 10f-3 were made in  reliance  on  written  representations  by
Nicholas  Applegate  Capital  Management  including a section  10f-3  compliance
report.