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, 2008
Date of reporting period: September 30, 2008
Item 1. Schedule of Investments.

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited)
(showing percentage of total net assets)

500 Index Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.99%
Basic Materials - 3.83%
Air Products & Chemicals, Inc.	37,694	$	2,581,662
AK Steel Holding Corp.	19,965		517,493
Alcoa, Inc.	144,732		3,268,048
Allegheny Technologies, Inc.	17,845		527,320
Ashland, Inc.	10,090		295,032
Biogen Idec, Inc. *	51,647		2,597,328
CF Industries Holdings, Inc.	10,052		919,356
Dow Chemical Company	164,585		5,230,511
E.I. Du Pont de Nemours & Company	160,528		6,469,278
Eastman Chemical Company	13,593		748,430
Ecolab, Inc.	31,238		1,515,668
Eli Lilly & Company	178,028		7,838,573
Freeport-McMoRan Copper & Gold, Inc.,
Class B	68,320		3,883,992
Hercules, Inc.	20,055		396,888
International Flavors & Fragrances, Inc.	13,979		551,611
International Paper Company	76,077		1,991,696
MeadWestvaco Corp.	30,389		708,368
Monsanto Company	97,865		9,686,678
Newmont Mining Corp.	81,259		3,149,599
Nucor Corp.	56,330		2,225,035
Plum Creek Timber Company, Inc.	30,450		1,518,237
PPG Industries, Inc.	29,203		1,703,119
Praxair, Inc.	56,047		4,020,812
Rohm & Haas Company	22,037		1,542,590
Sherwin-Williams Company	17,556		1,003,501
Sigma-Aldrich Corp.	22,414		1,174,942
Titanium Metals Corp.	15,142		171,710
United States Steel Corp.	20,905		1,622,437
Weyerhaeuser Company	37,595		2,277,505
			70,137,419
Communications - 10.13%
Akamai Technologies, Inc. *	30,092		524,804
Amazon.com, Inc. *	56,840		4,135,678
American Tower Corp., Class A *	70,097		2,521,389
AT&T, Inc.	1,048,578		29,276,298
CBS Corp., Class B	120,983		1,763,932
CenturyTel, Inc.	18,212		667,470
Ciena Corp. *	16,071		161,996
Cisco Systems, Inc. *	1,051,093		23,712,658
Comcast Corp., Class A	519,249		10,192,858
Corning, Inc.	280,769		4,391,227
DIRECTV Group, Inc. *	102,712		2,687,973
eBay, Inc. *	194,391		4,350,471
Embarq Corp.	25,357		1,028,226
Expedia, Inc. *	37,234		562,606
Frontier Communications Corp.	56,221		646,541
Gannett Company, Inc.	40,590		686,377
Google, Inc., Class A *	42,523		17,031,312
Harris Corp.	23,878		1,103,164
Interpublic Group of Companies, Inc. *	84,782		657,060
JDS Uniphase Corp. *	38,146		322,715
Juniper Networks, Inc. *	96,716		2,037,806
McGraw-Hill Companies, Inc.	56,512		1,786,344
Meredith Corp.	6,441		180,606
Monster Worldwide, Inc. *	22,060		328,915

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Motorola, Inc.	403,094	$	2,878,091
News Corp., Class A	408,534		4,898,323
Omnicom Group, Inc.	56,726		2,187,355
QUALCOMM, Inc.	291,986		12,546,638
Qwest Communications International, Inc. (a)	264,113		853,085
Scripps Networks Interactive, Inc., Class A	15,992		580,670
Sprint Nextel Corp.	507,865		3,097,976
Symantec Corp. *	149,306		2,923,411
Tellabs, Inc. *	70,742		287,212
The New York Times Company, Class A	20,723		296,132
The Washington Post Company, Class B	1,066		593,506
Time Warner, Inc.	637,514		8,357,809
VeriSign, Inc. *	34,379		896,604
Verizon Communications, Inc.	506,715		16,260,484
Viacom, Inc., Class B *	110,484		2,744,423
Walt Disney Company	333,884		10,246,900
Windstream Corp.	78,222		855,749
Yahoo!, Inc. *	246,582		4,265,869
			185,528,663
Consumer, Cyclical - 7.83%
Abercrombie & Fitch Company, Class A	15,487		610,962
AutoNation, Inc. *	19,175		215,527
AutoZone, Inc. *	7,433		916,786
Bed Bath & Beyond, Inc. *	46,337		1,455,445
Best Buy Company, Inc.	60,104		2,253,900
Big Lots, Inc. *	14,595		406,179
Carnival Corp.	77,750		2,748,463
Centex Corp.	21,988		356,206
Cintas Corp.	23,518		675,202
Coach, Inc. *	59,945		1,501,023
Costco Wholesale Corp.	77,362		5,023,115
CVS Caremark Corp.	255,371		8,595,788
D.R. Horton, Inc.	49,013		638,149
Darden Restaurants, Inc.	24,991		715,492
Dillard's, Inc., Class A (a)	10,181		120,136
Family Dollar Stores, Inc.	24,857		589,111
Fastenal Company	22,993		1,135,624
Ford Motor Company *	402,376		2,092,355
GameStop Corp., Class A *	29,067		994,382
General Motors Corp.	100,741		952,002
Genuine Parts Company	28,791		1,157,686
Goodyear Tire & Rubber Company *	42,908		656,921
Harley-Davidson, Inc.	41,873		1,561,863
Harman International Industries, Inc.	10,415		354,839
Hasbro, Inc.	22,341		775,680
Home Depot, Inc.	302,219		7,824,450
International Game Technology	55,089		946,429
J.C. Penney Company, Inc.	39,516		1,317,463
Johnson Controls, Inc.	105,654		3,204,486
Jones Apparel Group, Inc.	14,845		274,781
KB Home	13,393		263,574
Kohl's Corp. *	54,192		2,497,167
Lennar Corp., Class A	25,152		382,059
Limited Brands, Inc.	50,780		879,510
Liz Claiborne, Inc.	16,864		277,076
Lowe's Companies, Inc.	260,798		6,178,305

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

1

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Macy's, Inc.	74,831	$	1,345,461
Marriott International, Inc., Class A	52,582		1,371,864
Mattel, Inc.	64,150		1,157,266
McDonald's Corp.	200,121		12,347,466
Newell Rubbermaid, Inc.	49,306		851,022
NIKE, Inc., Class B	69,810		4,670,289
Nordstrom, Inc.	28,377		817,825
Office Depot, Inc. *	48,931		284,778
PACCAR, Inc.	64,652		2,469,060
Polo Ralph Lauren Corp., Class A	10,116		674,130
Pulte Homes, Inc.	38,017		531,097
RadioShack Corp.	23,334		403,212
Sears Holdings Corp. * (a)	10,122		946,407
Southwest Airlines Company	130,593		1,894,904
Staples, Inc.	126,520		2,846,700
Starbucks Corp. *	130,000		1,933,100
Starwood Hotels & Resorts Worldwide, Inc.	33,223		934,895
Target Corp.	134,281		6,586,483
The Gap, Inc.	83,547		1,485,466
The TJX Companies, Inc.	74,628		2,277,647
Tiffany & Company	22,066		783,784
VF Corp.	15,503		1,198,537
W.W. Grainger, Inc.	11,530		1,002,764
Walgreen Company	176,136		5,453,171
Wal-Mart Stores, Inc.	398,998		23,895,990
Wendy's/Arby's Group, Inc. *	66,627		350,458
Whirlpool Corp.	13,245		1,050,196
Wyndham Worldwide Corp.	31,578		496,090
Yum! Brands, Inc.	83,403		2,719,772
			143,327,970
Consumer, Non-cyclical - 22.15%
Abbott Laboratories	274,297		15,794,021
Allergan, Inc.	54,717		2,817,925
Altria Group, Inc.	366,501		7,271,380
AmerisourceBergen Corp.	28,196		1,061,579
Amgen, Inc. *	188,263		11,158,348
Anheuser-Busch Companies, Inc.	127,944		8,301,007
Apollo Group, Inc., Class A *	18,897		1,120,592
Archer-Daniels-Midland Company	114,639		2,511,740
Avery Dennison Corp.	18,948		842,807
Avon Products, Inc.	75,747		3,148,803
Barr Pharmaceuticals, Inc. *	19,365		1,264,534
Baxter International, Inc.	111,683		7,329,755
Becton, Dickinson & Company	43,340		3,478,468
Boston Scientific Corp. *	267,018		3,276,311
Bristol-Myers Squibb Company	352,245		7,344,308
Brown Forman Corp., Class B	13,960		1,002,468
C.R. Bard, Inc.	17,676		1,676,922
Campbell Soup Company	37,681		1,454,487
Cardinal Health, Inc.	63,906		3,149,288
Celgene Corp. *	80,940		5,121,883
Clorox Company	24,571		1,540,356
Coca-Cola Enterprises, Inc.	56,422		946,197
Colgate-Palmolive Company	89,988		6,780,596
ConAgra Foods, Inc.	80,607		1,568,612
Constellation Brands, Inc., Class A *	34,490		740,155

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Convergys Corp. *	21,677	$	320,386
Coventry Health Care, Inc. *	26,356		857,888
Covidien, Ltd.	89,290		4,800,230
DaVita, Inc. *	18,576		1,059,018
Dean Foods Company *	27,109		633,266
Equifax, Inc.	22,820		786,149
Estee Lauder Companies, Inc., Class A	20,431		1,019,711
Express Scripts, Inc. *	43,884		3,239,517
Forest Laboratories, Inc. *	54,247		1,534,105
Fortune Brands, Inc.	26,676		1,530,135
General Mills, Inc.	59,823		4,111,037
Genzyme Corp. *	47,803		3,866,785
Gilead Sciences, Inc. *	163,686		7,460,808
H & R Block, Inc.	58,379		1,328,122
H.J. Heinz Company	55,571		2,776,883
Hershey Company	29,488		1,165,956
Hospira, Inc. *	28,372		1,083,810
Intuitive Surgical, Inc. *	6,910		1,665,172
Johnson & Johnson	497,242		34,448,926
Kellogg Company	44,557		2,499,648
Kimberly-Clark Corp.	73,882		4,790,509
King Pharmaceuticals, Inc. *	43,860		420,179
Kraft Foods, Inc., Class A	270,127		8,846,659
Laboratory Corp. of America Holdings *	19,787		1,375,197
Lorillard, Inc.	30,948		2,201,950
McCormick & Company, Inc.	22,946		882,274
McKesson Corp.	49,095		2,641,802
Medco Health Solutions, Inc. *	89,982		4,049,190
Medtronic, Inc.	200,765		10,058,327
Merck & Company, Inc.	381,224		12,031,429
Millipore Corp. *	9,820		675,616
Molson Coors Brewing Company, Class B	26,804		1,253,087
Moody's Corp.	35,124		1,194,216
Mylan, Inc. *	54,180		618,736
Patterson Companies, Inc. *	16,207		492,855
Paychex, Inc.	57,091		1,885,716
Pepsi Bottling Group, Inc.	24,301		708,860
PepsiCo, Inc.	278,563		19,853,185
Pfizer, Inc.	1,199,467		22,118,171
Philip Morris International, Inc.	366,764		17,641,348
Procter & Gamble Company	539,914		37,626,607
Quest Diagnostics, Inc.	28,124		1,453,167
R.R. Donnelley & Sons Company	37,366		916,588
Reynolds American, Inc.	30,248		1,470,658
Robert Half International, Inc.	27,742		686,615
Safeway, Inc.	77,473		1,837,660
Sara Lee Corp.	125,692		1,587,490
Schering-Plough Corp.	289,252		5,342,484
St. Jude Medical, Inc. *	60,817		2,644,931
Stryker Corp.	44,019		2,742,384
SUPERVALU, Inc.	37,794		820,130
Sysco Corp.	107,117		3,302,417
Tenet Healthcare Corp. *	73,812		409,657
The Coca-Cola Company	353,717		18,704,555
The Kroger Company	116,532		3,202,299
Tyson Foods, Inc., Class A	53,388		637,453

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

2

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
UnitedHealth Group, Inc.	216,664	$	5,501,099
UST, Inc.	26,254		1,746,941
Varian Medical Systems, Inc. *	22,215		1,269,143
Watson Pharmaceuticals, Inc. *	18,588		529,758
WellPoint, Inc. *	90,985		4,255,368
Western Union Company	129,739		3,200,661
Whole Foods Market, Inc. (a)	24,962		499,989
William Wrigley, Jr. Company	38,334		3,043,720
Wyeth	237,266		8,764,606
Zimmer Holdings, Inc. *	40,077		2,587,371
			405,413,151
Diversified - 0.08%
Leucadia National Corp.	31,487		1,430,769
Energy - 13.51%
Anadarko Petroleum Corp.	83,358		4,043,697
Apache Corp.	59,511		6,205,807
Baker Hughes, Inc.	54,846		3,320,377
BJ Services Company	52,340		1,001,264
Cabot Oil & Gas Corp.	18,390		664,615
Cameron International Corp. *	38,734		1,492,808
Chesapeake Energy Corp.	92,749		3,325,979
Chevron Corp.	365,565		30,151,801
ConocoPhillips	270,428		19,808,851
CONSOL Energy, Inc.	32,596		1,495,830
Devon Energy Corp.	78,612		7,169,414
Duke Energy Corp.	225,071		3,922,988
El Paso Corp.	124,770		1,592,065
ENSCO International, Inc.	25,500		1,469,565
EOG Resources, Inc.	44,271		3,960,484
Exxon Mobil Corp.	924,201		71,773,450
Halliburton Company	156,028		5,053,747
Hess Corp.	50,363		4,133,795
Marathon Oil Corp.	125,543		5,005,399
Massey Energy Company	15,047		536,726
Murphy Oil Corp.	33,885		2,173,384
Nabors Industries, Ltd. *	49,850		1,242,262
National Oilwell Varco, Inc. *	74,267		3,730,431
Noble Corp.	47,888		2,102,283
Noble Energy, Inc.	30,729		1,708,225
Occidental Petroleum Corp.	145,388		10,242,585
Peabody Energy Corp.	48,389		2,177,505
Pioneer Natural Resources Company	21,000		1,097,880
Questar Corp.	30,851		1,262,423
Range Resources Corp.	27,598		1,183,126
Rowan Companies, Inc.	20,107		614,269
Schlumberger, Ltd.	213,452		16,668,467
Smith International, Inc.	38,433		2,253,711
Southwestern Energy Company *	61,065		1,864,925
Spectra Energy Corp.	109,401		2,603,744
Sunoco, Inc.	20,794		739,851
Tesoro Corp.	24,536		404,599
Transocean, Inc. *	56,767		6,235,287
Valero Energy Corp.	93,089		2,820,597
Weatherford International, Ltd. *	121,112		3,044,756
Williams Companies, Inc.	102,539		2,425,047

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
XTO Energy, Inc.	97,745	$	4,547,097
			247,271,116
Financial - 15.82%
Aetna, Inc.	83,915		3,030,171
AFLAC, Inc.	84,735		4,978,181
Allstate Corp.	96,356		4,443,939
American Capital, Ltd. * (a)	36,833		939,610
American Express Company	206,296		7,309,067
American International Group, Inc.	478,441		1,593,208
Ameriprise Financial, Inc.	38,601		1,474,558
Aon Corp.	49,408		2,221,384
Apartment Investment & Management
Company, Class A, REIT	15,234		533,495
Assurant, Inc.	21,102		1,160,610
Avalon Bay Communities, Inc., REIT	13,709		1,349,240
Bank of America Corp.	811,409		28,399,315
Bank of New York Mellon Corp.	203,927		6,643,942
BB&T Corp.	97,774		3,695,857
Boston Properties, Inc., REIT	21,319		1,996,737
Capital One Financial Corp.	66,857		3,409,707
CB Richard Ellis Group, Inc. *	30,605		409,189
Charles Schwab Corp.	165,995		4,315,870
Chubb Corp.	64,156		3,522,164
CIGNA Corp.	48,907		1,661,860
Cincinnati Financial Corp.	28,893		821,717
CIT Group, Inc.	50,776		353,401
Citigroup, Inc.	968,933		19,872,816
CME Group, Inc.	11,939		4,435,458
Comerica, Inc.	26,771		877,821
Developers Diversified Realty Corp., REIT	21,401		678,198
Discover Financial Services	85,293		1,178,749
E*TRADE Financial Corp. *	95,592		267,658
Equity Residential, REIT	48,208		2,140,917
Federated Investors, Inc., Class B	15,636		451,099
Fidelity National Information Services, Inc.	33,758		623,173
Fifth Third Bancorp	102,763		1,222,880
First Horizon National Corp.	35,898		336,003
Franklin Resources, Inc.	27,094		2,387,794
General Growth Properties, Inc., REIT	40,489		611,384
Genworth Financial, Inc., Class A	77,059		663,478
Goldman Sachs Group, Inc.	77,264		9,889,792
Hartford Financial Services Group, Inc.	53,611		2,197,515
HCP, Inc., REIT	44,776		1,796,861
Host Hotels & Resorts, Inc., REIT	92,432		1,228,421
Hudson City Bancorp, Inc.	92,469		1,706,053
Humana, Inc. *	30,052		1,238,142
Huntington BancShares, Inc.	65,151		520,556
IntercontinentalExchange, Inc. *	13,413		1,082,161
Invesco, Ltd.	68,818		1,443,802
Janus Capital Group, Inc.	28,436		690,426
JPMorgan Chase & Company	655,100		30,593,170
KeyCorp	88,018		1,050,935
Kimco Realty Corp., REIT	40,405		1,492,561
Legg Mason, Inc.	25,221		959,911
Lincoln National Corp.	45,699		1,956,374
Loews Corp.	64,431		2,544,380

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

3

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
M&T Bank Corp.	13,727	$	1,225,135
Marsh & McLennan Companies, Inc.	91,263		2,898,513
Marshall & Ilsley Corp.	46,163		930,184
MBIA, Inc. (a)	34,788		413,977
Merrill Lynch & Company, Inc.	272,503		6,894,326
MetLife, Inc.	122,186		6,842,416
MGIC Investment Corp.	22,255		156,453
Morgan Stanley	197,334		4,538,682
National City Corp. (a)	135,447		237,032
Northern Trust Corp.	39,332		2,839,770
NYSE Euronext	47,331		1,854,429
PNC Financial Services Group, Inc.	61,654		4,605,554
Principal Financial Group, Inc.	46,114		2,005,498
Progressive Corp.	120,205		2,091,567
ProLogis, REIT	46,703		1,927,433
Prudential Financial, Inc.	75,979		5,470,488
Public Storage, Inc., REIT	22,283		2,206,240
Regions Financial Corp.	123,630		1,186,848
Simon Property Group, Inc., REIT	40,043		3,884,171
SLM Corp. *	83,149		1,026,059
Sovereign Bancorp, Inc.	96,699		381,961
State Street Corp.	76,824		4,369,749
SunTrust Banks, Inc.	62,934		2,831,401
T. Rowe Price Group, Inc.	46,040		2,472,808
The Travelers Companies, Inc.	105,125		4,751,650
Torchmark Corp.	15,522		928,216
U.S. Bancorp	309,974		11,165,263
Unum Group	61,476		1,543,048
Vornado Realty Trust, REIT	24,370		2,216,451
Wachovia Corp.	384,139		1,344,486
Wells Fargo & Company	588,784		22,097,063
XL Capital, Ltd., Class A	55,528		996,172
Zions Bancorp (a)	20,405		789,673
			289,524,426
Industrial - 11.03%
3M Company	124,376		8,496,125
Allied Waste Industries, Inc. *	60,299		669,922
Amphenol Corp., Class A	31,400		1,260,396
Applied Biosystems, Inc.	30,161		1,033,014
Ball Corp.	17,204		679,386
Bemis Company, Inc.	17,732		464,756
Black & Decker Corp.	10,671		648,263
Boeing Company	131,716		7,553,913
Burlington Northern Santa Fe Corp.	50,251		4,644,700
C.H. Robinson Worldwide, Inc.	30,252		1,541,642
Caterpillar, Inc.	108,313		6,455,455
Cooper Industries, Ltd., Class A	30,960		1,236,852
CSX Corp.	72,534		3,958,180
Cummins, Inc.	36,068		1,576,893
Danaher Corp.	45,401		3,150,829
Deere & Company	75,980		3,761,010
Dover Corp.	33,425		1,355,384
Eastman Kodak Company	51,280		788,686
Eaton Corp.	29,573		1,661,411
Emerson Electric Company	138,068		5,631,794
Expeditors International of Washington, Inc.	37,910		1,320,784

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
FedEx Corp.	55,372	$	4,376,603
Fluor Corp.	31,851		1,774,101
General Dynamics Corp.	70,687		5,203,977
General Electric Company	1,770,114		45,137,907
Goodrich Corp.	22,261		926,058
Honeywell International, Inc.	132,462		5,503,796
Illinois Tool Works, Inc.	71,159		3,163,017
Ingersoll-Rand Company, Ltd., Class A	56,678		1,766,653
ITT Corp.	32,339		1,798,372
Jabil Circuit, Inc.	37,372		356,529
Jacobs Engineering Group, Inc. *	21,782		1,182,980
KLA-Tencor Corp.	30,823		975,548
Leggett & Platt, Inc.	28,602		623,238
Lockheed Martin Corp.	59,241		6,496,960
Manitowoc Company, Inc.	23,181		360,464
Masco Corp.	64,057		1,149,183
Molex, Inc.	25,385		569,893
Norfolk Southern Corp.	66,761		4,420,246
Northrop Grumman Corp.	60,059		3,635,972
Pactiv Corp. *	23,295		578,415
Pall Corp.	21,330		733,539
Parker-Hannifin Corp.	29,827		1,580,831
PerkinElmer, Inc.	21,265		530,987
Precision Castparts Corp.	24,796		1,953,429
Rockwell Automation, Inc.	25,906		967,330
Rockwell Collins, Inc.	28,366		1,364,121
Ryder Systems, Inc.	10,045		622,790
Sealed Air Corp.	28,130		618,579
Snap-on, Inc.	10,220		538,185
Stanley Works	13,982		583,609
Terex Corp. *	17,295		527,843
Textron, Inc.	44,224		1,294,879
Thermo Fisher Scientific, Inc. *	74,558		4,100,690
Tyco Electronics, Ltd.	84,041		2,324,574
Tyco International, Ltd.	84,488		2,958,770
Union Pacific Corp.	90,600		6,447,096
United Parcel Service, Inc., Class B	179,389		11,281,774
United Technologies Corp.	171,594		10,305,936
Vulcan Materials Company	19,543		1,455,953
Waste Management, Inc.	87,271		2,748,164
Waters Corp. *	17,613		1,024,724
			201,853,110
Technology - 11.37%
Adobe Systems, Inc. *	94,387		3,725,455
Advanced Micro Devices, Inc. *	108,042		567,220
Affiliated Computer Services, Inc., Class A *	17,307		876,253
Agilent Technologies, Inc. *	63,620		1,886,969
Altera Corp.	53,526		1,106,918
Analog Devices, Inc.	51,681		1,361,794
Apple, Inc. *	157,629		17,916,112
Applied Materials, Inc.	238,730		3,611,985
Autodesk, Inc. *	40,027		1,342,906
Automatic Data Processing, Inc.	90,545		3,870,799
BMC Software, Inc. *	33,813		968,066
Broadcom Corp., Class A *	78,532		1,463,051
CA, Inc.	70,084		1,398,877

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

4

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Citrix Systems, Inc. *	32,452	$	819,737
Cognizant Technology Solutions Corp.,
Class A *	51,891		1,184,672
Computer Sciences Corp. *	26,929		1,082,276
Compuware Corp. *	45,355		439,490
Dell, Inc. *	310,131		5,110,959
Electronic Arts, Inc. *	56,730		2,098,443
EMC Corp. *	368,422		4,406,327
Fiserv, Inc. *	29,188		1,381,176
Hewlett-Packard Company	435,784		20,150,652
IMS Health, Inc.	32,361		611,946
Intel Corp.	1,000,357		18,736,687
International Business Machines Corp.	241,075		28,196,132
Intuit, Inc. *	57,119		1,805,532
L-3 Communications Holdings, Inc.	21,605		2,124,204
Lexmark International, Inc. *	15,654		509,851
Linear Technology Corp.	39,417		1,208,525
LSI Logic Corp. *	114,523		613,843
MasterCard, Inc., Class A	12,872		2,282,592
MEMC Electronic Materials, Inc. *	40,195		1,135,911
Microchip Technology, Inc.	32,763		964,215
Micron Technology, Inc. *	135,418		548,443
Microsoft Corp.	1,397,164		37,290,307
National Semiconductor Corp.	34,691		597,032
NetApp, Inc. *	58,255		1,061,989
Novell, Inc. *	61,433		315,766
Novellus Systems, Inc. *	17,643		346,509
NVIDIA Corp. *	99,036		1,060,676
Oracle Corp. *	697,232		14,160,782
Pitney Bowes, Inc.	36,972		1,229,689
QLogic Corp. *	23,342		358,533
Raytheon Company	74,182		3,969,479
Salesforce.com, Inc. *	18,516		896,174
SanDisk Corp. *	40,037		782,723
Sun Microsystems, Inc. *	133,978		1,018,233
Teradata Corp. *	31,762		619,359
Teradyne, Inc. *	30,064		234,800
Texas Instruments, Inc.	233,253		5,014,939
Total Systems Services, Inc.	35,174		576,854
Unisys Corp. *	63,979		175,942
Xerox Corp.	155,202		1,789,479
Xilinx, Inc.	49,190		1,153,505
			208,160,788
Utilities - 3.24%
AES Corp. *	119,706		1,399,363
Allegheny Energy, Inc.	30,047		1,104,828
Ameren Corp.	37,404		1,459,878
American Electric Power Company, Inc.	71,576		2,650,459
CenterPoint Energy, Inc.	60,823		886,191
CMS Energy Corp.	40,086		499,872
Consolidated Edison, Inc.	48,611		2,088,329
Constellation Energy Group, Inc.	31,732		771,088
Dominion Resources, Inc.	103,192		4,414,554
DTE Energy Company	29,020		1,164,282
Dynegy, Inc., Class A *	89,955		322,039
Edison International	57,974		2,313,163

500 Index Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
Entergy Corp.		34,088	$	3,034,173
Exelon Corp.		116,963		7,324,223
FirstEnergy Corp.		54,241		3,633,605
FPL Group, Inc.		72,685		3,656,056
Integrys Energy Group, Inc.		13,598		679,084
Nicor, Inc.		8,034		356,308
NiSource, Inc.		48,795		720,214
Pepco Holdings, Inc.		35,900		822,469
PG&E Corp.		63,800		2,389,310
Pinnacle West Capital Corp.		17,924		616,765
PPL Corp.		66,636		2,466,865
Progress Energy, Inc.		46,617		2,010,591
Public Service Enterprise Group, Inc.		90,477		2,966,741
Sempra Energy		43,840		2,212,605
Teco Energy, Inc.		37,854		595,443
The Southern Company		137,044		5,165,188
Xcel Energy, Inc.		79,360		1,586,406
				59,310,092
TOTAL COMMON STOCKS (Cost $1,923,610,265)			$	1,811,957,504
SHORT TERM INVESTMENTS - 1.31%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	4,370,427	$	4,370,427
Rabobank USA Financial Corp.
0.20% due 10/01/2008		19,635,000		19,635,000
TOTAL SHORT TERM INVESTMENTS
(Cost $24,005,427)			$	24,005,427
Total Investments (500 Index Trust)
(Cost $1,947,615,692) - 100.30%			$	1,835,962,931
Liabilities in Excess of Other Assets - (0.30)%				(5,432,183)
TOTAL NET ASSETS - 100.00%			$	1,830,530,748
500 Index Trust B
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.64%
Basic Materials - 3.86%
Air Products & Chemicals, Inc.		18,476	$	1,265,421
AK Steel Holding Corp.		9,786		253,653
Alcoa, Inc.		70,943		1,601,893
Allegheny Technologies, Inc.		8,747		258,474
Ashland, Inc.		4,946		144,621
Biogen Idec, Inc. *		25,315		1,273,091
CF Industries Holdings, Inc.		4,927		450,623
Dow Chemical Company		80,674		2,563,820
E.I. Du Pont de Nemours & Company		78,685		3,171,005
Eastman Chemical Company		6,663		366,865
Ecolab, Inc.		15,312		742,938
Eli Lilly & Company		87,263		3,842,190
Freeport-McMoRan Copper & Gold, Inc.,
Class B		33,488		1,903,793
Hercules, Inc.		9,830		194,536

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

5

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
International Flavors & Fragrances, Inc.	6,912	$	272,748
International Paper Company	37,290		976,252
MeadWestvaco Corp.	14,917		347,715
Monsanto Company	47,970		4,748,071
Newmont Mining Corp.	39,831		1,543,850
Nucor Corp.	27,611		1,090,634
Plum Creek Timber Company, Inc.	14,925		744,161
PPG Industries, Inc.	14,315		834,851
Praxair, Inc.	27,472		1,970,841
Rohm & Haas Company	10,802		756,140
Sherwin-Williams Company	8,606		491,919
Sigma-Aldrich Corp.	10,987		575,939
Titanium Metals Corp.	7,422		84,165
United States Steel Corp.	10,247		795,270
Weyerhaeuser Company	18,428		1,116,368
			34,381,847
Communications - 10.20%
Akamai Technologies, Inc. *	14,750		257,240
Amazon.com, Inc. *	27,861		2,027,166
American Tower Corp., Class A *	34,359		1,235,893
AT&T, Inc.	513,977		14,350,238
CBS Corp., Class B	59,302		864,623
CenturyTel, Inc.	8,927		327,175
Ciena Corp. *	7,741		78,029
Cisco Systems, Inc. *	515,209		11,623,115
Comcast Corp., Class A	254,518		4,996,188
Corning, Inc.	137,623		2,152,424
DIRECTV Group, Inc. *	50,346		1,317,555
eBay, Inc. *	95,284		2,132,456
Embarq Corp.	12,429		503,996
Expedia, Inc. *	18,251		275,773
Frontier Communications Corp.	27,558		316,917
Gannett Company, Inc.	19,896		336,441
Google, Inc., Class A *	20,843		8,348,038
Harris Corp.	11,704		540,725
Interpublic Group of Companies, Inc. *	41,557		322,067
JDS Uniphase Corp. *	18,698		158,185
Juniper Networks, Inc. *	47,407		998,865
McGraw-Hill Companies, Inc.	27,700		875,597
Meredith Corp.	3,178		89,111
Monster Worldwide, Inc. *	10,813		161,222
Motorola, Inc.	197,582		1,410,735
News Corp., Class A	200,249		2,400,986
Omnicom Group, Inc.	27,805		1,072,161
QUALCOMM, Inc.	143,122		6,149,952
Qwest Communications International, Inc. (a)	129,459		418,153
Scripps Networks Interactive, Inc., Class A	7,839		284,634
Sprint Nextel Corp.	248,938		1,518,522
Symantec Corp. *	73,185		1,432,962
Tellabs, Inc. *	34,675		140,780
The New York Times Company, Class A	10,158		145,158
The Washington Post Company, Class B	523		291,185
Time Warner, Inc.	312,487		4,096,705
VeriSign, Inc. *	16,852		439,500
Verizon Communications, Inc.	248,374		7,970,322
Viacom, Inc., Class B *	54,155		1,345,210

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Walt Disney Company	163,658	$	5,022,664
Windstream Corp.	38,405		420,151
Yahoo!, Inc. *	120,866		2,090,982
			90,939,801
Consumer, Cyclical - 7.88%
Abercrombie & Fitch Company, Class A	7,591		299,465
AutoNation, Inc. *	9,399		105,645
AutoZone, Inc. *	3,644		449,451
Bed Bath & Beyond, Inc. *	22,713		713,415
Best Buy Company, Inc.	29,461		1,104,787
Big Lots, Inc. *	7,154		199,096
Carnival Corp.	38,110		1,347,189
Centex Corp.	10,778		174,604
Cintas Corp.	11,528		330,969
Coach, Inc. *	29,383		735,750
Costco Wholesale Corp.	37,920		2,462,146
CVS Caremark Corp.	125,174		4,213,357
D.R. Horton, Inc.	24,024		312,792
Darden Restaurants, Inc.	12,250		350,718
Dillard's, Inc., Class A (a)	4,913		57,973
Family Dollar Stores, Inc.	12,184		288,761
Fastenal Company	11,270		556,625
Ford Motor Company *	197,231		1,025,601
GameStop Corp., Class A *	14,248		487,424
General Motors Corp.	49,380		466,641
Genuine Parts Company	14,066		565,594
Goodyear Tire & Rubber Company *	21,032		322,000
Harley-Davidson, Inc.	20,525		765,583
Harman International Industries, Inc.	5,105		173,927
Hasbro, Inc.	10,951		380,219
Home Depot, Inc.	148,137		3,835,267
International Game Technology	27,003		463,912
J.C. Penney Company, Inc.	19,369		645,762
Johnson Controls, Inc.	51,788		1,570,730
Jones Apparel Group, Inc.	7,277		134,697
KB Home	6,615		130,183
Kohl's Corp. *	26,563		1,224,023
Lennar Corp., Class A	12,329		187,278
Limited Brands, Inc.	24,891		431,112
Liz Claiborne, Inc.	8,266		135,810
Lowe's Companies, Inc.	127,834		3,028,387
Macy's, Inc.	36,679		659,488
Marriott International, Inc., Class A	25,803		673,200
Mattel, Inc.	31,444		567,250
McDonald's Corp.	98,092		6,052,276
Newell Rubbermaid, Inc.	24,168		417,140
NIKE, Inc., Class B	34,218		2,289,184
Nordstrom, Inc.	13,909		400,857
Office Depot, Inc. *	23,984		139,587
PACCAR, Inc.	31,690		1,210,241
Polo Ralph Lauren Corp., Class A	4,951		329,935
Pulte Homes, Inc.	18,634		260,317
RadioShack Corp.	11,437		197,631
Sears Holdings Corp. * (a)	4,962		463,947
Southwest Airlines Company	64,012		928,814
Staples, Inc.	62,016		1,395,360

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

6

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Starbucks Corp. *	63,722	$	947,546
Starwood Hotels & Resorts Worldwide, Inc.	16,285		458,260
Target Corp.	65,820		3,228,471
The Gap, Inc.	40,952		728,127
The TJX Companies, Inc.	36,580		1,116,422
Tiffany & Company	10,817		384,220
VF Corp.	7,599		587,479
W.W. Grainger, Inc.	5,652		491,554
Walgreen Company	86,336		2,672,963
Wal-Mart Stores, Inc.	195,575		11,712,987
Wendy's/Arby's Group, Inc. *	32,657		171,776
Whirlpool Corp.	6,492		514,751
Wyndham Worldwide Corp.	15,478		243,159
Yum! Brands, Inc.	40,881		1,333,129
			70,252,964
Consumer, Non-cyclical - 22.29%
Abbott Laboratories	134,451		7,741,689
Allergan, Inc.	26,821		1,381,281
Altria Group, Inc.	179,646		3,564,177
AmerisourceBergen Corp.	13,825		520,511
Amgen, Inc. *	92,280		5,469,436
Anheuser-Busch Companies, Inc.	62,714		4,068,884
Apollo Group, Inc., Class A *	9,263		549,296
Archer-Daniels-Midland Company	56,192		1,231,167
Avery Dennison Corp.	9,288		413,130
Avon Products, Inc.	37,128		1,543,411
Barr Pharmaceuticals, Inc. *	9,492		619,828
Baxter International, Inc.	54,743		3,592,783
Becton, Dickinson & Company	21,244		1,705,043
Boston Scientific Corp. *	130,883		1,605,934
Bristol-Myers Squibb Company	172,658		3,599,919
Brown Forman Corp., Class B	6,843		491,396
C.R. Bard, Inc.	8,664		821,954
Campbell Soup Company	18,502		714,177
Cardinal Health, Inc.	31,325		1,543,696
Celgene Corp. *	39,674		2,510,571
Clorox Company	12,044		755,038
Coca-Cola Enterprises, Inc.	27,656		463,791
Colgate-Palmolive Company	44,109		3,323,613
ConAgra Foods, Inc.	39,511		768,884
Constellation Brands, Inc., Class A *	16,906		362,803
Convergys Corp. *	10,610		156,816
Coventry Health Care, Inc. *	12,919		420,513
Covidien, Ltd.	43,767		2,352,914
DaVita, Inc. *	9,106		519,133
Dean Foods Company *	13,288		310,408
Equifax, Inc.	11,186		385,358
Estee Lauder Companies, Inc., Class A	10,014		499,799
Express Scripts, Inc. *	21,510		1,587,868
Forest Laboratories, Inc. *	26,590		751,965
Fortune Brands, Inc.	13,076		750,039
General Mills, Inc.	29,323		2,015,077
Genzyme Corp. *	23,431		1,895,334
Gilead Sciences, Inc. *	80,233		3,657,020
H & R Block, Inc.	28,615		650,991
H.J. Heinz Company	27,239		1,361,133

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Hershey Company	14,426	$	570,404
Hospira, Inc. *	13,907		531,247
Intuitive Surgical, Inc. *	3,387		816,199
Johnson & Johnson	243,731		16,885,684
Kellogg Company	21,840		1,225,224
Kimberly-Clark Corp.	36,214		2,348,116
King Pharmaceuticals, Inc. *	21,498		205,951
Kraft Foods, Inc., Class A	132,407		4,336,329
Laboratory Corp. of America Holdings *	9,699		674,080
Lorillard, Inc.	15,170		1,079,346
McCormick & Company, Inc.	11,247		432,447
McKesson Corp.	24,064		1,294,884
Medco Health Solutions, Inc. *	44,106		1,984,770
Medtronic, Inc.	98,408		4,930,241
Merck & Company, Inc.	186,863		5,897,396
Millipore Corp. *	4,813		331,134
Molson Coors Brewing Company, Class B	13,138		614,202
Moody's Corp.	17,217		585,378
Mylan, Inc. *	26,557		303,281
Patterson Companies, Inc. *	7,944		241,577
Paychex, Inc.	27,984		924,312
Pepsi Bottling Group, Inc.	11,912		347,473
PepsiCo, Inc.	136,542		9,731,348
Pfizer, Inc.	587,937		10,841,558
Philip Morris International, Inc.	179,775		8,647,178
Procter & Gamble Company	264,647		18,443,249
Quest Diagnostics, Inc.	13,785		712,271
R.R. Donnelley & Sons Company	18,316		449,291
Reynolds American, Inc.	14,827		720,889
Robert Half International, Inc.	13,637		337,516
Safeway, Inc.	37,975		900,767
Sara Lee Corp.	61,610		778,134
Schering-Plough Corp.	141,781		2,618,695
St. Jude Medical, Inc. *	29,810		1,296,437
Stryker Corp.	21,577		1,344,247
SUPERVALU, Inc.	18,525		401,993
Sysco Corp.	52,505		1,618,729
Tenet Healthcare Corp. *	36,180		200,799
The Coca-Cola Company	173,380		9,168,334
The Kroger Company	57,120		1,569,658
Tyson Foods, Inc., Class A	26,169		312,458
UnitedHealth Group, Inc.	106,201		2,696,443
UST, Inc.	12,869		856,303
Varian Medical Systems, Inc. *	10,889		622,089
Watson Pharmaceuticals, Inc. *	9,111		259,664
WellPoint, Inc. *	44,598		2,085,848
Western Union Company	63,537		1,567,458
Whole Foods Market, Inc. (a)	12,235		245,067
William Wrigley, Jr. Company	18,790		1,491,926
Wyeth	116,299		4,296,085
Zimmer Holdings, Inc. *	19,644		1,268,217
			198,719,106
Diversified - 0.08%
Leucadia National Corp.	15,434		701,321

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

7

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy - 13.60%
Anadarko Petroleum Corp.	40,859	$	1,982,070
Apache Corp.	29,170		3,041,848
Baker Hughes, Inc.	26,884		1,627,557
BJ Services Company	25,655		490,780
Cabot Oil & Gas Corp.	9,014		325,766
Cameron International Corp. *	18,986		731,720
Chesapeake Energy Corp.	45,462		1,630,267
Chevron Corp.	179,187		14,779,344
ConocoPhillips	132,555		9,709,654
CONSOL Energy, Inc.	15,977		733,185
Devon Energy Corp.	38,533		3,514,210
Duke Energy Corp.	110,322		1,922,913
El Paso Corp.	61,158		780,376
ENSCO International, Inc.	12,499		720,317
EOG Resources, Inc.	21,700		1,941,282
Exxon Mobil Corp.	453,011		35,180,834
Halliburton Company	76,480		2,477,187
Hess Corp.	24,686		2,026,227
Marathon Oil Corp.	61,537		2,453,480
Massey Energy Company	7,376		263,102
Murphy Oil Corp.	16,609		1,065,301
Nabors Industries, Ltd. *	24,435		608,920
National Oilwell Varco, Inc. *	36,403		1,828,523
Noble Corp.	23,473		1,030,465
Noble Energy, Inc.	15,062		837,297
Occidental Petroleum Corp.	71,264		5,020,549
Peabody Energy Corp.	23,718		1,067,310
Pioneer Natural Resources Company	10,300		538,484
Questar Corp.	15,122		618,792
Range Resources Corp.	13,528		579,945
Rowan Companies, Inc.	9,856		301,101
Schlumberger, Ltd.	104,627		8,170,322
Smith International, Inc.	18,839		1,104,719
Southwestern Energy Company *	29,932		914,123
Spectra Energy Corp.	53,625		1,276,275
Sunoco, Inc.	10,192		362,631
Tesoro Corp.	12,027		198,325
Transocean, Inc. *	27,825		3,056,298
Valero Energy Corp.	45,629		1,382,559
Weatherford International, Ltd. *	59,365		1,492,436
Williams Companies, Inc.	50,261		1,188,673
XTO Energy, Inc.	47,911		2,228,820
			121,203,987
Financial - 15.92%
Aetna, Inc.	41,132		1,485,277
AFLAC, Inc.	41,534		2,440,122
Allstate Corp.	47,291		2,181,061
American Capital, Ltd. * (a)	18,054		460,558
American Express Company	101,119		3,582,646
American International Group, Inc.	234,515		780,935
Ameriprise Financial, Inc.	18,921		722,782
Aon Corp.	24,218		1,088,841
Apartment Investment & Management
Company, Class A, REIT	7,467		261,494
Assurant, Inc.	10,344		568,920
Avalon Bay Communities, Inc., REIT	6,720		661,382

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Bank of America Corp.	397,725	$	13,920,375
Bank of New York Mellon Corp.	99,958		3,256,632
BB&T Corp.	47,925		1,811,565
Boston Properties, Inc., REIT	10,450		978,747
Capital One Financial Corp.	32,771		1,671,321
CB Richard Ellis Group, Inc. *	14,929		199,601
Charles Schwab Corp.	81,365		2,115,490
Chubb Corp.	31,447		1,726,440
CIGNA Corp.	23,973		814,603
Cincinnati Financial Corp.	14,163		402,796
CIT Group, Inc.	24,888		173,220
Citigroup, Inc.	474,937		9,740,958
CME Group, Inc.	5,852		2,174,077
Comerica, Inc.	13,122		430,270
Developers Diversified Realty Corp., REIT	10,490		332,428
Discover Financial Services	41,808		577,787
E*TRADE Financial Corp. *	46,856		131,197
Equity Residential, REIT	23,630		1,049,408
Federated Investors, Inc., Class B	7,664		221,106
Fidelity National Information Services, Inc.	16,547		305,458
Fifth Third Bancorp	50,371		599,415
First Horizon National Corp.	17,596		164,699
Franklin Resources, Inc.	13,281		1,170,455
General Growth Properties, Inc., REIT	19,846		299,675
Genworth Financial, Inc., Class A	37,772		325,217
Goldman Sachs Group, Inc.	37,872		4,847,616
Hartford Financial Services Group, Inc.	26,278		1,077,135
HCP, Inc., REIT	21,948		880,773
Host Hotels & Resorts, Inc., REIT	45,307		602,130
Hudson City Bancorp, Inc.	45,325		836,246
Humana, Inc. *	14,730		606,876
Huntington BancShares, Inc.	31,935		255,161
IntercontinentalExchange, Inc. *	6,575		530,471
Invesco, Ltd.	33,732		707,697
Janus Capital Group, Inc.	13,938		338,415
JPMorgan Chase & Company	321,100		14,995,370
KeyCorp	43,143		515,127
Kimco Realty Corp., REIT	19,805		731,597
Legg Mason, Inc.	12,363		470,536
Lincoln National Corp.	22,400		958,944
Loews Corp.	31,582		1,247,173
M&T Bank Corp.	6,728		600,474
Marsh & McLennan Companies, Inc.	44,734		1,420,752
Marshall & Ilsley Corp.	22,628		455,954
MBIA, Inc.	17,052		202,919
Merrill Lynch & Company, Inc.	133,571		3,379,346
MetLife, Inc.	59,891		3,353,896
MGIC Investment Corp.	10,738		75,488
Morgan Stanley	96,726		2,224,698
National City Corp. (a)	66,392		116,186
Northern Trust Corp.	19,279		1,391,944
NYSE Euronext	23,200		908,976
PNC Financial Services Group, Inc.	30,221		2,257,509
Principal Financial Group, Inc.	22,603		983,004
Progressive Corp.	58,920		1,025,208
ProLogis, REIT	22,892		944,753

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

8

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Prudential Financial, Inc.	37,242	$	2,681,424
Public Storage, Inc., REIT	10,922		1,081,387
Regions Financial Corp.	60,599		581,750
Simon Property Group, Inc., REIT	19,628		1,903,916
SLM Corp. *	40,757		502,941
Sovereign Bancorp, Inc.	47,399		187,226
State Street Corp.	37,656		2,141,873
SunTrust Banks, Inc.	30,848		1,387,852
T. Rowe Price Group, Inc.	22,567		1,212,074
The Travelers Companies, Inc.	51,528		2,329,066
Torchmark Corp.	7,608		454,958
U.S. Bancorp	151,939		5,472,843
Unum Group	30,133		756,338
Vornado Realty Trust, REIT	11,945		1,086,398
Wachovia Corp.	188,291		659,018
Wells Fargo & Company	288,601		10,831,196
XL Capital, Ltd., Class A	27,218		488,291
Zions Bancorp (a)	10,002		387,077
			141,914,960
Industrial - 11.10%
3M Company	60,965		4,164,519
Allied Waste Industries, Inc. *	29,556		328,367
Amphenol Corp., Class A	15,400		618,156
Applied Biosystems, Inc.	14,784		506,352
Ball Corp.	8,396		331,558
Bemis Company, Inc.	8,692		227,817
Black & Decker Corp.	5,249		318,877
Boeing Company	64,563		3,702,688
Burlington Northern Santa Fe Corp.	24,631		2,276,643
C.H. Robinson Worldwide, Inc.	14,828		755,635
Caterpillar, Inc.	53,091		3,164,224
Cooper Industries, Ltd., Class A	15,175		606,241
CSX Corp.	35,554		1,940,182
Cummins, Inc.	17,679		772,926
Danaher Corp.	22,254		1,544,428
Deere & Company	37,243		1,843,528
Dover Corp.	16,384		664,371
Eastman Kodak Company	25,136		386,592
Eaton Corp.	14,496		814,385
Emerson Electric Company	67,676		2,760,504
Expeditors International of Washington, Inc.	18,582		647,397
FedEx Corp.	27,141		2,145,225
Fluor Corp.	15,612		869,588
General Dynamics Corp.	34,648		2,550,786
General Electric Company	867,649		22,125,050
Goodrich Corp.	10,911		453,898
Honeywell International, Inc.	64,928		2,697,758
Illinois Tool Works, Inc.	34,880		1,550,416
Ingersoll-Rand Company, Ltd., Class A	27,781		865,934
ITT Corp.	15,851		881,474
Jabil Circuit, Inc.	18,319		174,763
Jacobs Engineering Group, Inc. *	10,677		579,868
KLA-Tencor Corp.	15,108		478,168
Leggett & Platt, Inc.	14,020		305,496
Lockheed Martin Corp.	29,038		3,184,597
Manitowoc Company, Inc.	11,362		176,679

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Masco Corp.	31,399	$	563,298
Molex, Inc.	12,443		279,345
Norfolk Southern Corp.	32,724		2,166,656
Northrop Grumman Corp.	29,439		1,782,237
Pactiv Corp. *	11,418		283,509
Pall Corp.	10,455		359,547
Parker-Hannifin Corp.	14,620		774,860
PerkinElmer, Inc.	10,423		260,262
Precision Castparts Corp.	12,154		957,492
Rockwell Automation, Inc.	12,698		474,143
Rockwell Collins, Inc.	13,904		668,643
Ryder Systems, Inc.	4,937		306,094
Sealed Air Corp.	13,750		302,363
Snap-on, Inc.	5,010		263,827
Stanley Works	6,854		286,086
Terex Corp. *	8,478		258,749
Textron, Inc.	21,677		634,703
Thermo Fisher Scientific, Inc. *	36,546		2,010,030
Tyco Electronics, Ltd.	41,194		1,139,426
Tyco International, Ltd.	41,407		1,450,073
Union Pacific Corp.	44,409		3,160,144
United Parcel Service, Inc., Class B	87,930		5,529,918
United Technologies Corp.	84,109		5,051,587
Vulcan Materials Company	9,580		713,710
Waste Management, Inc.	42,777		1,347,048
Waters Corp. *	8,633		502,268
			98,941,108
Technology - 11.45%
Adobe Systems, Inc. *	46,265		1,826,080
Advanced Micro Devices, Inc. *	52,958		278,029
Affiliated Computer Services, Inc., Class A *	8,484		429,545
Agilent Technologies, Inc. *	31,184		924,917
Altera Corp.	26,236		542,560
Analog Devices, Inc.	25,332		667,498
Apple, Inc. *	77,264		8,781,826
Applied Materials, Inc.	117,017		1,770,467
Autodesk, Inc. *	19,620		658,251
Automatic Data Processing, Inc.	44,382		1,897,331
BMC Software, Inc. *	16,574		474,514
Broadcom Corp., Class A *	38,403		715,448
CA, Inc.	34,353		685,686
Citrix Systems, Inc. *	15,907		401,811
Cognizant Technology Solutions Corp.,
Class A *	25,435		580,681
Computer Sciences Corp. *	13,200		530,508
Compuware Corp. *	22,467		217,705
Dell, Inc. *	152,016		2,505,224
Electronic Arts, Inc. *	27,807		1,028,581
EMC Corp. *	180,588		2,159,832
Fiserv, Inc. *	14,307		677,007
Hewlett-Packard Company	213,606		9,877,141
IMS Health, Inc.	15,862		299,950
Intel Corp.	490,340		9,184,068
International Business Machines Corp.	118,167		13,820,812
Intuit, Inc. *	27,998		885,017
L-3 Communications Holdings, Inc.	10,590		1,041,209

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

9

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

500 Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Lexmark International, Inc. *	7,673	$	249,910
Linear Technology Corp.	19,321		592,382
LSI Logic Corp. *	56,135		300,884
MasterCard, Inc., Class A	6,309		1,118,775
MEMC Electronic Materials, Inc. *	19,702		556,779
Microchip Technology, Inc.	16,059		472,616
Micron Technology, Inc. *	66,377		268,827
Microsoft Corp.	684,842		18,278,433
National Semiconductor Corp.	17,005		292,656
NetApp, Inc. *	28,555		520,558
Novell, Inc. *	30,384		156,174
Novellus Systems, Inc. *	8,575		168,413
NVIDIA Corp. *	48,544		519,906
Oracle Corp. *	341,759		6,941,125
Pitney Bowes, Inc.	18,123		602,771
QLogic Corp. *	11,383		174,843
Raytheon Company	36,361		1,945,677
Salesforce.com, Inc. *	9,076		439,278
SanDisk Corp. *	19,625		383,669
Sun Microsystems, Inc. *	65,671		499,100
Teradata Corp. *	15,568		303,576
Teradyne, Inc. *	14,732		115,057
Texas Instruments, Inc.	114,332		2,458,138
Total Systems Services, Inc.	17,241		282,752
Unisys Corp. *	31,360		86,240
Xerox Corp.	76,075		877,145
Xilinx, Inc.	24,111		565,403
			102,032,785
Utilities - 3.26%
AES Corp. *	58,676		685,923
Allegheny Energy, Inc.	14,728		541,549
Ameren Corp.	18,334		715,576
American Electric Power Company, Inc.	35,084		1,299,161
CenterPoint Energy, Inc.	29,813		434,375
CMS Energy Corp.	19,649		245,023
Consolidated Edison, Inc.	23,827		1,023,608
Constellation Energy Group, Inc.	15,554		377,962
Dominion Resources, Inc.	50,581		2,163,855
DTE Energy Company	14,225		570,707
Dynegy, Inc., Class A *	44,093		157,853
Edison International	28,417		1,133,838
Entergy Corp.	16,709		1,487,268
Exelon Corp.	57,331		3,590,067
FirstEnergy Corp.	26,587		1,781,063
FPL Group, Inc.	35,628		1,792,088
Integrys Energy Group, Inc.	6,666		332,900
Nicor, Inc.	3,938		174,650
NiSource, Inc.	23,918		353,030
Pepco Holdings, Inc.	17,597		403,147
PG&E Corp.	31,273		1,171,174
Pinnacle West Capital Corp.	8,786		302,326
PPL Corp.	32,662		1,209,147
Progress Energy, Inc.	22,850		985,521
Public Service Enterprise Group, Inc.	44,349		1,454,204
Sempra Energy	21,495		1,084,853
Teco Energy, Inc.	18,555		291,870

500 Index Trust B (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
The Southern Company		67,174	$	2,531,788
Xcel Energy, Inc.		38,900		777,611
				29,072,137
TOTAL COMMON STOCKS (Cost $898,510,893)			$	888,160,016
SHORT TERM INVESTMENTS - 0.51%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	1,998,703	$	1,998,703
Rabobank USA Financial Corp.
0.20% due 10/01/2008		2,560,000		2,560,000
TOTAL SHORT TERM INVESTMENTS
(Cost $4,558,703)			$	4,558,703
Total Investments (500 Index Trust B)
(Cost $903,069,596) - 100.15%			$	892,718,719
Liabilities in Excess of Other Assets - (0.15)%				(1,361,719)
TOTAL NET ASSETS - 100.00%			$	891,357,000
Active Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 4.08%
U.S. Treasury Bonds - 0.48%
4.375% due 02/15/2038	$	10,715,000	$	10,851,445
U.S. Treasury Notes - 3.60%
2.00% due 02/28/2010 (a)		3,596,000		3,598,809
3.125% due 09/30/2013		32,750,000		32,975,156
3.875% due 05/15/2018		4,000		4,025
4.00% due 08/15/2018		43,737,000		44,358,896
				80,936,886
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $91,964,062)			$	91,788,331
U.S. GOVERNMENT AGENCY OBLIGATIONS - 38.35%
Federal Home Loan Bank - 0.60%
5.899% due 09/01/2036 (b)		13,296,534		13,467,953
Federal Home Loan Mortgage Corp. - 4.31%
5.00% due 07/01/2035		2,933,474		2,860,481
5.50% due 08/23/2017 to 07/01/2038		52,288,245		53,596,432
5.742% due 04/01/2037		3,615,175		3,650,972
5.833% due 03/01/2037 (b)		7,561,809		7,646,637
5.875% due 03/21/2011		4,049,000		4,204,769
6.00% due 05/01/2037 to 08/01/2038		24,787,208		25,114,437
				97,073,728
Federal National Mortgage
Association - 32.89%
zero coupon PO due 02/01/2015 (h)		1,920,000		1,467,452
1.00% due 02/01/2036		6,117,875		6,203,705
3.50% due 06/18/2010		1,060,000		1,062,665
4.375% due 03/15/2013		1,030,000		1,049,657
4.50% TBA **		38,160,000		37,146,375
4.871% due 08/01/2034		3,138,194		3,180,249

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

10

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
4.875% due 12/15/2016	$	2,000,000	$	2,028,747
5.00% due 05/01/2018 to 03/01/2038		112,173,062		110,047,971
5.00% TBA **		94,230,000		92,523,303
5.07% due 07/01/2033 (b)		131,076		131,400
5.50% due 03/15/2011 to 07/01/2038		202,641,960		202,544,944
5.50% TBA **		71,690,000		71,582,283
6.00% due 05/01/2035 to 01/01/2038		105,593,783		107,136,424
6.00% TBA **		78,485,000		79,566,810
6.50% due 02/01/2036 to 07/01/2037		18,469,229		18,963,849
6.625% due 09/15/2009		2,314,000		2,383,783
7.00% due 09/01/2010 to 10/25/2041		3,465,773		3,575,730
7.50% due 09/01/2029 to 08/01/2031		254,575		272,414
				740,867,761
Government National Mortgage
Association - 0.55%
5.00% due 04/15/2035		5,028,303		4,936,380
5.50% due 03/15/2035		4,822,576		4,832,937
6.00% due 03/15/2033 to 06/15/2033		1,996,294		2,037,500
6.50% due 09/15/2028 to 08/15/2031		413,815		433,446
7.00% due 04/15/2029		118,197		124,227
8.00% due 10/15/2026 to 05/15/2029		138,420		149,237
				12,513,727
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $864,858,753)			$	863,923,169
FOREIGN GOVERNMENT OBLIGATIONS - 0.62%
Argentina - 0.11%
Republic of Argentina
0.63% due 12/31/2038 (b)	ARS	8,797,621		861,934
1.00% IO due 12/15/2035 (b)		19,532,033		520,480
5.83% due 12/31/2033 (b)		3,617,497		1,111,167
				2,493,581
Canada - 0.01%
Government of Canada
5.50% due 06/01/2010	CAD	270,000		264,789
Colombia - 0.06%
Republic of Colombia
10.00% due 01/23/2012	$	1,005,000		1,115,550
11.75% due 03/01/2010	COP	402,000,000		185,753
				1,301,303
Denmark - 0.01%
Kingdom of Denmark
6.00% due 11/15/2009	DKK	1,200,000		231,245
Germany - 0.14%
Federal Republic of Germany
5.25% due 01/04/2011	EUR	1,275,000		1,865,666
6.25% due 01/04/2030		725,000		1,230,472
				3,096,138
Japan - 0.10%
Government of Japan
0.90% due 12/22/2008	JPY	29,450,000		276,987
1.50% due 09/20/2014		68,650,000		659,991

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Japan (continued)
Government of Japan (continued)
1.80% due 03/22/2010	JPY	132,350,000	$	1,264,190
				2,201,168
Mexico - 0.09%
Government of Mexico
8.00% due 12/07/2023	MXN	11,861,100		1,040,912
8.00% due 12/19/2013		8,332,200		749,407
9.875% due 02/01/2010	$	290,000		312,475
				2,102,794
Panama - 0.02%
Republic of Panama
8.875% due 09/30/2027		344,000		416,240
9.375% due 04/01/2029		130,000		161,200
				577,440
Peru - 0.01%
Republic of Peru
9.875% due 02/06/2015		148,000		168,720
Philippines - 0.01%
Republic of Philippines
9.125% due 02/22/2010	EUR	148,000		212,521
Sweden - 0.02%
Kingdom of Sweden
5.00% due 01/28/2009	SEK	1,570,000		227,162
5.25% due 03/15/2011		1,720,000		256,641
				483,803
Ukraine - 0.02%
Republic of Ukraine
7.65% due 06/11/2013	$	500,000		415,000
United Kingdom - 0.02%
Government of United Kingdom
6.00% due 12/07/2028	GBP	85,000		177,004
8.00% due 12/07/2015		125,000		270,380
				447,384
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $13,373,861)			$	13,995,886
CORPORATE BONDS - 34.66%
Basic Materials - 1.34%
Alcan, Inc.
5.00% due 06/01/2015	$	339,000		312,346
Alcoa, Inc.
5.72% due 02/23/2019		560,000		495,174
American Pacific Corp.
9.00% due 02/01/2015		2,060,000		1,998,200
ArcelorMittal
6.125% due 06/01/2018 (g)		530,000		469,639
CII Carbon LLC
11.125% due 11/15/2015 (g)		1,845,000		1,798,875
Corporacion Nacional del Cobre
5.50% due 10/15/2013 (g)		481,000		478,364
E.I. Du Pont de Nemours & Company
6.00% due 07/15/2018		3,000,000		2,928,378

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

11

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Basic Materials (continued)
Ecolab, Inc.
4.875% due 02/15/2015	$	1,685,000	$	1,616,591
Freeport-McMoRan Copper & Gold, Inc.
8.375% due 04/01/2017		1,290,000		1,270,650
ICI Wilmington, Inc.
4.375% due 12/01/2008		912,000		910,357
International Paper Company
5.85% due 10/30/2012		524,000		499,184
7.95% due 06/15/2018		3,725,000		3,660,226
Momentive Performance Materials, Inc.
9.75% due 12/01/2014		2,135,000		1,686,650
Mosaic Company
7.625% due 12/01/2016 (g)		1,710,000		1,747,151
Nova Chemicals, Ltd.
7.875% due 09/15/2025		1,470,000		1,102,500
Plum Creek Timberlands LP
5.875% due 11/15/2015		1,695,000		1,579,998
Rio Tinto Finance USA, Ltd.
6.50% due 07/15/2018		1,760,000		1,664,272
Sterling Chemicals, Inc.
10.25% due 04/01/2015		1,455,000		1,422,262
United States Steel Corp.
7.00% due 02/01/2018		2,000,000		1,805,520
Vedanta Resources PLC
8.75% due 01/15/2014 (g)		1,370,000		1,221,766
Verso Paper, Inc., Series B
9.125% due 08/01/2014		1,725,000		1,483,500
				30,151,603
Communications - 4.11%
America Movil SAB de CV
5.75% due 01/15/2015		1,540,000		1,448,128
American Tower Corp.
7.50% due 05/01/2012		638,000		628,430
AT&T Broadband Corp.
8.375% due 03/15/2013		1,355,000		1,421,110
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		573,000		603,220
8.75% due 03/01/2031		471,000		520,766
AT&T, Inc.
6.30% due 01/15/2038		2,080,000		1,722,656
6.40% due 05/15/2038		1,750,000		1,468,635
BellSouth Corp.
4.20% due 09/15/2009		613,000		604,688
6.00% due 11/15/2034		2,000,000		1,620,000
British Telecommunications PLC
5.95% due 01/15/2018		1,715,000		1,520,879
CCH II LLC / CCH II Capital Corp.
10.25% due 10/01/2013 (g)		1,567,000		1,300,610
Cincinnati Bell, Inc.
8.375% due 01/15/2014		1,845,000		1,605,150
Cisco Systems, Inc.
5.50% due 02/22/2016		2,490,000		2,392,698
Citizens Communications Company
6.25% due 01/15/2013		1,515,000		1,418,419
9.00% due 08/15/2031		3,000,000		2,295,000
Cox Communications, Inc.
4.625% due 01/15/2010		1,103,000		1,086,790
5.45% due 12/15/2014		922,000		859,078

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Cox Communications, Inc. (continued)
6.75% due 03/15/2011	$	491,000	$	498,748
7.75% due 11/01/2010		368,000		381,623
Deutsche Telekom International Finance BV
6.625% due 07/11/2011	EUR	99,000		143,685
8.50% due 06/15/2010	$	1,098,000		1,139,812
8.75 due 06/15/2030		1,358,000		1,313,268
Digicel Group, Ltd.
8.875% due 01/15/2015 (g)		2,010,000		1,688,400
Embarq Corp.
8.00% due 06/01/2036		3,180,000		2,274,050
France Telecom SA
7.75% due 03/01/2011		996,000		1,045,292
8.50% due 03/01/2031		1,009,000		1,094,661
Idearc, Inc.
8.00% due 11/15/2016		2,285,000		622,663
New York Times Company
4.50% due 03/15/2010		2,505,000		2,418,783
News America Holdings, Inc.
6.75% due 01/09/2038		108,000		105,124
7.75% due 12/01/2045		491,000		461,284
8.25% due 08/10/2018		2,035,000		2,024,208
News America, Inc.
6.65% due 11/15/2037		1,735,000		1,455,186
Nextel Communications, Inc.
6.875% due 10/31/2013		2,260,000		1,536,800
Qwest Corp.
7.875% due 09/01/2011		1,605,000		1,540,800
R.H. Donnelley Corp.
8.875% due 10/15/2017		2,475,000		841,500
Rogers Cable, Inc.
6.75% due 03/15/2015		1,545,000		1,515,370
Rogers Wireless, Inc.
9.625% due 05/01/2011		422,000		452,221
SBC Communications, Inc.
4.125% due 09/15/2009		368,000		365,094
5.10% due 09/15/2014		799,000		747,297
5.625% due 06/15/2016		613,000		567,705
Singapore Telecommunications, Ltd.
6.375% due 12/01/2011 (g)		466,000		480,582
Sprint Capital Corp.
6.375% due 05/01/2009		613,000		600,740
6.875% due 11/15/2028		4,800,000		3,216,000
8.375% due 03/15/2012		398,000		358,200
8.75% due 03/15/2032		2,895,000		2,258,100
TCI Communications, Inc.
9.80% due 02/01/2012		1,585,000		1,733,037
Telecom Italia Capital SA
4.00% due 01/15/2010		3,195,000		3,102,313
4.00% due 11/15/2008		981,000		978,008
7.20% due 07/18/2036		2,885,000		2,273,842
7.721% due 06/04/2038		2,630,000		2,179,797
Time Warner Cable, Inc.
6.75% due 07/01/2018		2,085,000		1,947,244
Time Warner Companies, Inc.
7.57% due 02/01/2024		1,716,000		1,546,813
Time Warner Entertainment Company LP
8.375% due 07/15/2033		1,520,000		1,444,999
8.375% due 03/15/2023		1,675,000		1,659,278

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

12

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Time Warner, Inc.
6.75% due 04/15/2011	$	3,115,000	$	3,108,041
7.625% due 04/15/2031		451,000		391,630
Verizon Communications, Inc.
6.90% due 04/15/2038		1,470,000		1,303,037
Verizon of New York, Inc., Series A
6.875% due 04/01/2012		765,000		764,969
Viacom, Inc.
6.25% due 04/30/2016		1,570,000		1,413,958
6.625% due 05/15/2011		3,115,000		3,029,017
6.875% due 04/30/2036		3,305,000		2,649,552
Vimpelcom
8.375% due 04/30/2013 (g)		1,280,000		1,017,687
Vivendi
5.75% due 04/04/2013		6,073,000		5,937,754
West Corp.
11.00% due 10/15/2016		1,935,000		1,393,200
XM Satellite Radio Holdings, Inc.
13.00% due 08/01/2013 (g)		1,760,000		1,038,400
				92,576,029
Consumer, Cyclical - 2.53%
Allison Transmission, Inc.
11.00% due 11/01/2015 (a)(g)		1,790,000		1,557,300
AMC Entertainment, Inc.
8.00% due 03/01/2014		2,145,000		1,844,700
Centex Corp.
5.125% due 10/01/2013		5,000,000		3,950,000
5.80% due 09/15/2009		3,360,000		3,175,200
Cinemark, Inc.
zero coupon, step up to 9.75% on
03/15/2009 due 03/15/2014		820,000		788,225
Continental Airlines, Inc., Series 00-2
8.307% due 10/02/2019		806,676		641,308
Continental Airlines, Inc., Series 01-1
7.033% due 06/15/2011		191,653		157,155
Continental Airlines, Inc., Series 991A
6.545% due 02/02/2019		548,909		466,573
CVS Caremark Corp.
5.75% due 06/01/2017		2,030,000		1,897,019
6.302% due 06/01/2037 (b)		3,465,000		2,766,823
DaimlerChrysler N.A. Holding Corp.
5.875% due 03/15/2011		1,885,000		1,878,561
Delphi Corp.
6.197% due 11/15/2033		118,000		295
Delta Air Lines, Inc.
6.821% due 08/10/2022		2,608,471		2,165,031
Delta Air Lines, Inc., Series 02-1
6.417% due 07/02/2012		2,640,000		2,316,600
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015 (g)		1,750,000		490,000
General Motors Corp.
7.125% due 07/15/2013		1,295,000		595,700
Greektown Holdings LLC
10.75% due 12/01/2013 (g)		1,085,000		748,650
HRP Myrtle Beach Operations LLC
7.3825% due 04/01/2012 (b)(g)		705,000		423,881
Indianapolis Downs Capital LLC
11.00% due 11/01/2012 (g)		1,075,000		731,000

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
Jacobs Entertainment, Inc.
9.75% due 06/15/2014	$	1,705,000	$	1,142,350
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014 (g)		2,085,000		1,417,800
Macys Retail Holdings, Inc.
7.875% due 07/15/2015		1,565,000		1,483,927
Marriott International, Inc.
4.625% due 06/15/2012		1,324,000		1,232,981
Mashantucket Western Pequot Tribe
8.50% due 11/15/2015 (g)		365,000		237,250
MGM Mirage, Inc.
6.00% due 10/01/2009		816,000		762,960
Minerva Overseas, Ltd.
9.50% due 02/01/2017 (g)		2,320,000		1,763,200
Mohegan Tribal Gaming Authority
6.375% due 07/15/2009		437,000		415,150
8.00% due 04/01/2012		842,000		715,700
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		1,030,000		721,000
9.75% due 04/01/2010		1,420,000		1,349,000
Northwest Airlines, Inc., Series 07-1
7.027% due 11/01/2019		1,550,000		1,247,750
Owens & Minor, Inc.
6.35% due 04/15/2016		3,000,000		2,921,193
Pulte Homes, Inc.
6.25% due 02/15/2013		515,000		453,200
Seminole Indian Tribe of Florida
6.535% due 10/01/2020 (g)		2,240,000		2,204,944
Starbucks Corp.
6.25% due 08/15/2017		1,915,000		1,833,262
Starwood Hotels & Resorts Worldwide, Inc.
6.25% due 02/15/2013		1,690,000		1,592,876
Target Corp.
6.50% due 10/15/2037		1,800,000		1,653,491
Tenneco Automotive, Inc.
8.625% due 11/15/2014		2,190,000		1,741,050
Turning Stone Resort Casino
9.125% due 09/15/2014 (g)		1,875,000		1,706,250
US Corrugated, Inc.
10.00% due 06/12/2013		570,000		410,400
Waterford Gaming LLC
8.625% due 09/15/2014 (g)		1,111,000		1,049,895
Yum! Brands, Inc.
6.25% due 03/15/2018		1,715,000		1,590,204
6.875% due 11/15/2037		1,000,000		844,271
				57,084,125
Consumer, Non-cyclical - 3.12%
Abbott Laboratories
5.875% due 05/15/2016		2,330,000		2,324,380
Allegiance Corp.
7.00% due 10/15/2026		255,000		242,014
Alliance One International, Inc.
8.50% due 05/15/2012		845,000		781,625
11.00% due 05/15/2012		660,000		646,800
Anheuser-Busch Companies, Inc.
5.75% due 04/01/2036		1,000,000		738,264
6.45% due 09/01/2037		2,000,000		1,620,342
6.50% due 02/01/2043		540,000		436,606

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

13

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
ASG Consolidated LLC/ASG Finance, Inc.
zero coupon, step up to 11.50% on
11/01/2008 due 11/01/2011	$	2,150,000	$	1,913,500
AstraZeneca PLC
5.90% due 09/15/2017		2,110,000		2,077,576
Bunge Ltd. Finance Corp.
5.35% due 04/15/2014		1,980,000		1,853,163
Cargill, Inc.
5.60% due 09/15/2012 (g)		2,025,000		2,000,672
Clorox Company
5.00% due 03/01/2013		2,400,000		2,330,616
Community Health Systems, Inc.
8.875% due 07/15/2015		1,345,000		1,277,750
Coventry Health Care, Inc.
5.875% due 01/15/2012		1,270,000		1,223,385
6.30% due 08/15/2014		3,835,000		3,516,783
Covidien International Finance SA
6.00% due 10/15/2017		1,370,000		1,353,550
ERAC USA Finance Company
6.375% due 10/15/2017 (g)		1,600,000		1,271,722
7.95% due 12/15/2009 (g)		510,000		514,633
General Mills, Inc.
5.70% due 02/15/2017		1,215,000		1,177,240
Hospira, Inc.
5.90% due 06/15/2014		412,000		415,477
Humana, Inc.
8.15% due 06/15/2038		2,595,000		2,453,861
Kellogg Company, Series B
6.60% due 04/01/2011		481,000		499,294
Kraft Foods, Inc.
5.625% due 11/01/2011		966,000		969,601
Kroger Company
5.00% due 04/15/2013		2,000,000		1,909,380
6.40% due 08/15/2017		2,000,000		1,917,684
6.90% due 04/15/2038		2,000,000		1,855,866
Nabisco, Inc.
7.55% due 06/15/2015		1,471,000		1,508,697
Philip Morris International, Inc.
5.65% due 05/16/2018		3,755,000		3,470,874
Reynolds American, Inc.
7.25% due 06/01/2013		1,485,000		1,525,991
SABMiller PLC
6.50% due 07/15/2018 (g)		1,760,000		1,667,225
Safeway, Inc.
6.35% due 08/15/2017		1,820,000		1,763,889
Schering Plough Corp.
5.55% due 12/01/2013		937,000		906,114
6.00% due 09/15/2017		5,500,000		5,157,581
Smithfield Foods, Inc.
7.00% due 08/01/2011		897,000		780,390
Sotheby's
7.75% due 06/15/2015		1,580,000		1,445,700
Tesco PLC
6.15% due 11/15/2037 (g)		2,400,000		1,970,642
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016		1,680,000		1,561,567
6.15% due 02/01/2036		1,680,000		1,470,605
United Rentals North America, Inc.
7.75% due 11/15/2013		450,000		343,125

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
UnitedHealth Group, Inc.
4.875% due 02/15/2013	$	940,000	$	898,445
5.375% due 03/15/2016		1,130,000		1,003,853
5.50% due 11/15/2012		1,155,000		1,104,157
5.80% due 03/15/2036		540,000		409,673
WellPoint, Inc.
5.00% due 12/15/2014		417,000		381,157
6.375% due 06/15/2037		1,735,000		1,484,419
Wyeth
5.50% due 03/15/2013		2,770,000		2,799,265
Yankee Acquisition Corp., Series B
8.50% due 02/15/2015		1,850,000		1,341,250
				70,316,403
Diversified - 0.15%
ESI Tractebel Acquisition Corp., Series B
7.99% due 12/30/2011		1,800,000		1,818,000
GRUPO KUO SAB de CV
9.75% due 10/17/2017 (g)		1,645,000		1,562,750
				3,380,750
Energy - 2.58%
Allis-Chalmers Energy, Inc.
8.50% due 03/01/2017		1,150,000		983,250
Buckeye Partners LP
5.125% due 07/01/2017		1,150,000		1,041,378
CenterPoint Energy Resources Corp.
7.875% due 04/01/2013		1,765,000		1,811,684
CNOOC Finance
5.50% due 05/21/2033 (g)		545,000		454,159
Delek & Avner-Yam Tethys, Ltd.
5.326% due 08/01/2013 (g)		1,034,718		1,042,996
Devon Financing Corp., ULC
6.875% due 09/30/2011		295,000		307,703
Duke Capital LLC
6.75% due 02/15/2032		589,000		527,307
Dynegy-Roseton Danskammer, Series B
7.67% due 11/08/2016		2,010,000		1,829,100
Enbridge Energy Partners LP, Series B
6.50% due 04/15/2018		2,400,000		2,214,720
7.50% due 04/15/2038		2,400,000		2,192,434
Energy Transfer Partners LP
6.625% due 10/15/2036		1,000,000		852,030
Enterprise Products Operating LP
4.95% due 06/01/2010		535,000		530,544
7.034% due 01/15/2068 (b)		2,005,000		1,616,491
8.375% due 08/01/2066 (b)		3,700,000		3,429,789
Enterprise Products Operating LP, Series B
6.875% due 03/01/2033		471,000		414,026
GS Caltex Corp.
5.50% due 08/25/2014 (g)		471,000		422,059
Kinder Morgan Energy Partners LP
5.80% due 03/15/2035		402,000		299,390
7.30% due 08/15/2033		603,000		550,433
MarkWest Energy Partners LP/ MarkWest Energy
Finance Corp., Series B
8.50% due 07/15/2016		1,770,000		1,672,650
McMoRan Exploration Company
11.875% due 11/15/2014		1,200,000		1,140,000

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

14

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Nexen, Inc.
5.875% due 03/10/2035	$	598,000	$	447,747
NGPL Pipeco LLC
7.119% due 12/15/2017 (g)		2,020,000		1,917,241
ONEOK Partners LP
6.65% due 10/01/2036		2,935,000		2,568,574
Pemex Project Funding Master Trust
4.1188% due 06/15/2010 (b)(g)		897,000		882,469
Petro-Canada
6.05% due 05/15/2018		1,410,000		1,230,804
Plains All American Pipeline LP
6.50% due 05/01/2018 (g)		1,220,000		1,100,560
Premcor Refining Group, Inc.
7.50% due 06/15/2015		206,000		196,379
Ras Laffan Liquefied Natural Gas Company, Ltd.
3.437% due 09/15/2009 (g)		273,834		274,341
Ras Laffan Liquefied Natural Gas Company, Ltd. III
5.838% due 09/30/2027 (g)		1,515,000		1,306,172
Salton Sea Funding Corp., Series F
7.475% due 11/30/2018		1,179,732		1,221,424
Spectra Energy Capital LLC
6.20% due 04/01/2018		1,350,000		1,247,276
Talisman Energy, Inc.
6.25% due 02/01/2038		2,775,000		2,155,284
Targa Resources Partners LP
8.25% due 07/01/2016		1,215,000		1,044,900
TEPPCO Partners LP
6.65% due 04/15/2018		3,000,000		2,972,814
7.00% due 06/01/2067 (b)		6,230,000		5,230,079
Texas Eastern Transmission LP
6.00% due 09/15/2017 (g)		2,110,000		2,014,269
Valero Logistics Operations LP
6.05% due 03/15/2013		2,392,000		2,315,994
Weatherford International, Ltd.
6.50% due 08/01/2036		2,400,000		2,068,898
7.00% due 03/15/2038		2,000,000		1,734,642
XTO Energy, Inc.
4.625% due 06/15/2013		3,000,000		2,814,276
				58,076,286
Financial - 15.52%
Allied Capital Corp.
6.00% due 04/01/2012		5,850,000		5,445,291
6.625% due 07/15/2011		1,450,000		1,411,949
Allied Irish Banks PLC
7.50% due 12/29/2049 (b)	EUR	99,000		113,588
Allied World Assurance Holdings, Ltd.
7.50% due 08/01/2016	$	4,360,000		3,846,872
American Express Bank FSB, BKNT
6.00% due 09/13/2017		3,085,000		2,576,462
American Express Company
7.00% due 03/19/2018		4,600,000		4,059,859
American Express Credit Corp., Series C
7.30% due 08/20/2013		2,555,000		2,464,364
American General Finance Corp.
6.90% due 12/15/2017		1,645,000		762,773
American Honda Finance Corp.
7.625% due 10/01/2018 (g)		1,375,000		1,370,046

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
American International Group, Inc.
8.175% due 05/15/2058 (g)	$	2,745,000	$	439,733
AON Capital Trust A
8.205% due 01/01/2027		2,630,000		2,202,841
Arch Capital Group, Ltd.
7.35% due 05/01/2034		3,000,000		2,842,233
Aries Vermogensverwaltung GmbH
9.60% due 10/25/2014		750,000		933,750
Assurant, Inc.
5.625% due 02/15/2014		461,000		428,905
6.75% due 02/15/2034		3,955,000		3,309,750
Astoria Depositor Corp.
8.144% due 05/01/2021 (g)		3,380,000		3,078,969
Avalon Re, Ltd., Series B
2.915% due 06/06/2010 (b)(g)		1,000,000		887,000
AXA Financial, Inc.
7.75% due 08/01/2010		533,000		546,569
AXA SA
6.379% due 12/14/2049 (b)(g)		1,175,000		655,766
6.463% due 12/31/2049 (b)(g)		4,065,000		2,321,615
BAC Capital Trust XIII
3.2188% due 03/15/2043 (b)		1,900,000		1,329,403
BAC Capital Trust XIV
5.63% due 12/31/2049 (b)		2,350,000		1,216,078
BAC Capital Trust XV
3.61% due 06/01/2056 (b)		4,170,000		3,334,853
Banco Mercantil del Norte SA
6.862% due 10/13/2021 (g)		2,395,000		2,112,206
Banco Santander Chile
3.1644% due 12/09/2009 (b)(g)		912,000		895,200
5.375% due 12/09/2014 (g)		295,000		284,150
Bank of Ireland
6.45% due 02/10/2010	EUR	99,000		140,049
Bear Stearns Companies, Inc.
3.0287% due 01/31/2011 (b)	$	2,000,000		1,953,928
7.25% due 02/01/2018		1,725,000		1,660,097
Bear Stearns Companies, Inc., MTN
2.9994% due 11/28/2011 (b)		2,400,000		2,302,090
BNP Paribas
7.195% due 12/31/2049 (b)(g)		965,000		670,868
Bosphorus Financial Services, Ltd.
4.6044% due 02/15/2012 (b)(g)		1,868,125		1,803,329
Boston Properties, Ltd.
6.25% due 01/15/2013		785,000		778,130
Camden Property Trust
5.00% due 06/15/2015		804,000		699,609
Capmark Financial Group, Inc.
5.875% due 05/10/2012		4,340,000		2,163,464
Caterpillar Financial Services Corp.
4.50% due 06/15/2009		520,000		516,982
Caterpillar Financial Services Corp., MTN
5.45% due 04/15/2018		3,600,000		3,220,697
Catlin Insurance Company, Ltd.
7.249% due 12/31/2049 (b)(g)		4,500,000		2,008,840
Chubb Corp.
5.75% due 05/15/2018		915,000		847,937
Chuo Mitsui Trust & Banking Company
5.506% due 12/29/2049 (b)(g)		3,085,000		2,300,506

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

15

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
CIT Group, Inc.
5.00% due 02/13/2014	$	425,000	$	240,409
5.65% due 02/13/2017		620,000		302,540
CIT Group, Inc., MTN
5.125% due 09/30/2014		535,000		263,839
Citigroup, Inc.
5.50% due 04/11/2013		1,625,000		1,418,399
5.625% due 08/27/2012		981,000		845,561
6.125% due 11/21/2017		3,185,000		2,699,208
6.875% due 03/05/2038		1,700,000		1,390,542
8.40% due 04/29/2049 (b)		5,495,000		3,740,227
CNA Financial Corp.
6.00% due 08/15/2011		1,580,000		1,575,317
Colonial Properties Trust
6.25% due 06/15/2014		554,000		505,460
Colonial Realty LP
5.50% due 10/01/2015		569,000		485,181
Comerica Capital Trust II
6.576% due 02/20/2037 (b)		4,000,000		1,837,512
Credit Suisse First Boston USA, Inc.
6.50% due 01/15/2012		491,000		484,517
Developers Diversified Realty Corp.
4.625% due 08/01/2010		1,103,000		1,057,888
Dresdner Bank-New York
7.25% due 09/15/2015		589,000		576,884
Drummond Company, Inc.
7.375% due 02/15/2016 (g)		2,075,000		1,758,562
Duke Realty LP
5.95% due 02/15/2017		2,050,000		1,835,074
6.25% due 05/15/2013		1,750,000		1,702,934
Endurance Specialty Holdings, Ltd.
7.00% due 07/15/2034		3,600,000		2,632,565
ERP Operating LP
4.75% due 06/15/2009		687,000		674,434
First American Corp.
7.55% due 04/01/2028		1,485,000		1,523,274
Ford Motor Credit Company LLC
9.75% due 09/15/2010		2,683,000		1,923,934
9.875% due 08/10/2011		995,000		686,440
Foundation Re II, Ltd.
9.5569% due 11/26/2010 (b)(g)		900,000		889,884
Fund American Companies, Inc.
5.875% due 05/15/2013		709,000		525,813
Funding Corp.
9.00% due 06/01/2017		3,927,000		4,198,238
General Electric Capital Corp.
5.45% due 01/15/2013		3,064,000		2,862,536
5.625% due 05/01/2018		1,715,000		1,449,648
Genworth Financial, Inc.
6.15% due 11/15/2066 (b)		1,460,000		639,379
Goldman Sachs Capital II
5.793% due 12/29/2049 (b)		3,495,000		1,535,388
Goldman Sachs Group, Inc.
5.125% due 01/15/2015		2,800,000		2,311,260
6.75% due 10/01/2037		1,735,000		1,158,269
6.875% due 01/15/2011		1,325,000		1,266,590
Goldman Sachs Group, Inc., MTN
3.1906% due 07/22/2015 (b)		2,135,000		1,324,452

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Hartford Financial Services Group, Inc.
4.625% due 07/15/2013	$	417,000	$	381,256
HBOS PLC
5.375% due 12/29/2049 (b)(g)		1,128,000		697,860
6.413% due 09/29/2049 (b)(g)		2,255,000		1,271,910
HCP, Inc., MTN
6.70% due 01/30/2018		2,400,000		2,012,995
Health Care Property Investors, Inc.
6.30% due 09/15/2016		1,040,000		854,215
Health Care Property Investors, Inc., MTN
4.875% due 09/15/2010		1,471,000		1,398,996
5.625% due 02/28/2013		2,480,000		2,180,954
Health Care, Inc.
6.00% due 11/15/2013		755,000		690,598
6.20% due 06/01/2016		3,380,000		2,972,926
Healthcare Realty Trust, Inc.
8.125% due 05/01/2011		1,875,000		1,931,887
Horace Mann Educators Corp.
6.85% due 04/15/2016		1,190,000		1,243,899
Hospitality Properties Trust
6.75% due 02/15/2013		3,028,000		2,761,318
HRPT Properties Trust
6.65% due 01/15/2018		995,000		851,641
HSBC Bank USA, Inc.
4.625% due 04/01/2014		2,350,000		2,113,378
HSBC Finance Corp.
5.00% due 06/30/2015		2,507,000		2,237,911
HSBC Holdings PLC
6.50% due 09/15/2037		1,000,000		850,465
Huntington Capital III
6.65% due 05/15/2037 (b)		1,985,000		730,790
HVB Funding Trust III
9.00% due 10/22/2031 (g)		500,000		441,829
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)		265,000		146,985
Independencia International, Ltd.
9.875% due 01/31/2017 (g)		1,340,000		1,085,400
9.875% due 05/15/2015 (g)		430,000		354,750
International Lease Finance Corp.
3.50% due 04/01/2009		677,000		608,754
4.55% due 10/15/2009		393,000		315,686
4.75% due 07/01/2009		1,530,000		1,262,112
5.875% due 05/01/2013		785,000		496,578
International Lease Finance Corp., Series P
3.1906% due 01/15/2010 (b)		652,000		562,085
Jefferies Group, Inc.
6.45% due 06/08/2027		1,090,000		801,669
John Deere Capital Corp., Series D
4.125% due 01/15/2010		1,961,000		1,944,626
JPMorgan Chase & Company
6.75% due 02/01/2011		922,000		925,086
JPMorgan Chase & Company, Series L
7.90% due 12/31/2049		8,535,000		7,185,446
JPMorgan Chase Capital XX, Series T
6.55% due 09/29/2036		4,045,000		2,974,220
JPMorgan Chase Capital XXIII
3.8044% due 05/15/2047 (b)		4,175,000		2,239,161
Kaupthing Bank HF
3.4906% due 01/15/2010 (b)(g)		2,000,000		1,766,614

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

16

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Kazkommerts International BV
8.50% due 04/16/2013	$	350,000	$	206,556
Kimco Realty Corp.
5.70% due 05/01/2017		3,225,000		2,775,470
Landsbanki Islands HF
3.5106% due 08/25/2009 (b)(g)		2,730,000		2,356,238
6.10% due 08/25/2011 (g)		1,125,000		953,528
7.431% due 12/31/2049 (b)(g)		3,485,000		1,926,212
Lehman Brothers Holdings, Inc., MTN
1.00% due 01/26/2017 ^ (b)		4,475,000		559,375
Liberty Mutual Group, Inc.
6.50% due 03/15/2035 (g)		2,837,000		2,059,810
7.50% due 08/15/2036 (g)		6,245,000		4,928,648
7.80% due 03/15/2037 (g)		2,485,000		1,500,910
Lincoln National Corp.
6.05% due 04/20/2067 (b)		2,265,000		1,494,900
7.00% due 05/17/2066 (b)		5,355,000		4,083,648
Lloyds TSB Group PLC
6.267% due 12/31/2049 (b)(g)		1,570,000		1,175,862
Markel Corp.
6.80% due 02/15/2013		1,605,000		1,670,628
MBNA Capital, Series B
3.6006% due 02/01/2027 (b)		1,157,000		942,216
Mellon Capital IV, Series 1
6.244% due 06/29/2049 (b)		1,600,000		879,056
Merna Reinsurance, Ltd., Series B
5.1188% due 12/31/2010 (b)(g)		1,000,000		956,200
Merrill Lynch & Company, Inc.
3.3412% due 05/02/2017 (b)		3,200,000		2,601,069
7.75% due 05/14/2038		7,525,000		6,324,604
Merrill Lynch & Company, Inc., MTN
6.15% due 04/25/2013		2,000,000		1,848,114
6.875% due 04/25/2018		5,095,000		4,507,801
MetLife, Inc.
6.40% due 12/15/2036 (b)		500,000		311,718
Mizuho Financial Group (Cayman), Ltd.
8.375% due 12/29/2049		2,230,000		1,913,920
Morgan Stanley
3.235% due 10/18/2016 (b)		3,315,000		2,160,966
4.25% due 05/15/2010		1,633,000		1,326,933
Morgan Stanley, MTN
5.95% due 12/28/2017		4,230,000		2,649,867
6.625% due 04/01/2018		4,770,000		3,156,743
Mystic Re, Ltd.
8.9443% due 12/05/2008 (b)(g)		1,220,000		1,219,634
Nationwide Health Properties, Inc.
6.50% due 07/15/2011		1,535,000		1,582,077
Natixis
10.00% due 04/29/2049 (b)(g)		1,485,000		1,378,065
Nelnet, Inc.
7.40% due 09/29/2036 (b)		2,290,000		1,546,597
North Front Pass-Through Trust
5.81% due 12/15/2024 (b)(g)		1,130,000		1,019,660
Northern Trust Company
6.50% due 08/15/2018		855,000		871,737
Ohio Casualty Corp.
7.30% due 06/15/2014		2,115,000		2,159,747
Oil Casualty Insurance, Ltd.
8.00% due 09/15/2034 (g)		5,150,000		4,732,500

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Osiris Capital PLC, Series C
5.6406% due 01/15/2010 (b)(g)	$	4,805,000	$	4,763,247
Osiris Capital PLC, Series D
7.7906% due 01/15/2010 (b)(g)		1,875,000		1,882,580
PartnerRe Finance A LLC
6.875% due 06/01/2018		2,000,000		1,938,180
PartnerRe Finance II
6.44% due 12/01/2066 (b)		3,550,000		2,565,663
PNC Financial Services Group, Inc.
8.25% due 12/31/2049 (b)		3,000,000		2,809,020
PNC Funding Corp.
2.9388% due 01/31/2012 (b)		4,000,000		3,781,672
Popular North America, Inc.
4.70% due 06/30/2009		598,000		581,058
Progressive Corp.
6.70% due 06/15/2037 (b)		1,135,000		924,757
ProLogis
5.625% due 11/15/2016		1,750,000		1,490,669
6.625% due 05/15/2018		2,165,000		1,859,445
Prudential Financial, Inc.
4.75% due 04/01/2014		1,343,000		1,198,073
Prudential Financial, Inc., MTN
5.15% due 01/15/2013		2,600,000		2,458,937
QBE Capital Funding II LP
6.797% due 06/01/2049 (b)(g)		2,315,000		1,848,220
Rabobank Capital Funding II
5.26% due 12/29/2049 (b)(g)		4,115,000		3,809,338
RBS Capital Trust IV
4.5687% due 09/29/2049 (b)		897,000		669,336
Realty Income Corp.
5.95% due 09/15/2016		3,030,000		2,680,717
Reliastar Financial Corp.
6.50% due 11/15/2008		716,000		717,555
Rouse Company LP
3.625% due 03/15/2009		2,800,000		2,492,000
5.375% due 11/26/2013		456,000		278,160
6.75% due 05/01/2013 (g)		1,685,000		1,145,800
Royal Bank of Scotland Group PLC
7.648% due 08/31/2049 (b)		3,060,000		2,514,864
Royal Bank of Scotland Group PLC, MTN
7.64% due 03/31/2049		1,400,000		1,043,025
Schwab Capital Trust I
7.50% due 11/15/2037 (b)		1,890,000		1,560,176
Shinhan Bank
6.819% due 09/20/2036 (b)		2,670,000		2,118,143
Silicon Valley Bank
6.05% due 06/01/2017		2,185,000		1,893,768
Simon Property Group LP
5.625% due 08/15/2014		2,380,000		2,190,935
5.75% due 12/01/2015		1,500,000		1,417,616
5.875% due 03/01/2017		2,520,000		2,227,471
6.10% due 05/01/2016		1,000,000		912,901
Skandinaviska Enskilda Banken AB
5.471% due 03/29/2049 (b)(g)		2,100,000		1,749,008
SLM Corp.
3.10% due 01/27/2014 (b)		6,390,000		3,645,521
4.50% due 07/26/2010		1,895,000		1,440,200
SLM Corp., MTN
8.45% due 06/15/2018		2,070,000		1,407,600

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

17

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
SLM Corp., MTN, Series A
2.94% due 07/27/2009 (b)	$	4,000,000	$	3,520,848
SLM Corp., MTN, Series X
2.9188% due 03/16/2009 (b)		2,400,000		2,319,168
SMFG Preferred Capital
6.078% due 01/29/2049 (b)(g)		2,000,000		1,428,100
Sovereign Capital Trust VI
7.908% due 06/13/2036		1,650,000		1,207,732
StanCorp Financial Group, Inc.
6.90% due 05/29/2067 (b)		3,600,000		3,031,650
Standard Chartered PLC
6.409% due 01/30/2017 (b)(g)		5,000,000		3,853,225
SunTrust Capital VIII
6.10% due 12/01/2066 (b)		1,375,000		847,399
SunTrust Preferred Capital I
5.853% due 12/31/2049 (b)		2,525,000		1,388,750
Symetra Financial Corp.
6.125% due 04/01/2016 (g)		1,650,000		1,329,479
8.30% due 10/15/2067 (b)(g)		1,550,000		1,007,500
Tate & Lyle International Finance PLC
5.00% due 11/15/2014 (g)		417,000		367,031
Teco Finance, Inc.
6.572% due 11/01/2017		792,000		718,735
7.00% due 05/01/2012		1,143,000		1,161,773
Textron Financial Corp.
6.00% due 02/15/2067 (b)(g)		3,000,000		2,186,637
Transatlantic Holdings, Inc.
5.75% due 12/14/2015		3,055,000		2,924,646
TuranAlem Finance BV
7.875% due 06/02/2010		638,000		446,600
8.50% due 02/10/2015 (g)		600,000		372,000
Ucar Finance, Inc.
10.25% due 02/15/2012		111,000		114,330
USB Capital IX
6.189% due 03/29/2049 (b)		8,105,000		3,971,450
USB Realty Corp.
6.091% due 12/22/2049 (b)(g)		2,600,000		1,196,000
Vita Capital III, Ltd., Series B-I
3.8912% due 01/01/2011 (b)(g)		4,280,000		4,144,752
Vornado Realty LP
5.60% due 02/15/2011		2,000,000		1,963,594
W.R. Berkley Corp.
6.15% due 08/15/2019		699,000		638,762
Waddell & Reed Financial, Inc.
5.60% due 01/15/2011		1,600,000		1,618,619
Washington Mutual Bank FA
3.4406% due 01/15/2015 (b)		1,070,000		1,337
WEA Finance LLC
7.125% due 04/15/2018 (g)		2,000,000		1,798,008
Westfield Capital Corp., Ltd.
4.375% due 11/15/2010 (g)		721,000		701,966
White Mountains Re Group, Ltd.
7.506% due 05/29/2049 (b)(g)		4,930,000		3,236,323
XL Capital, Ltd.
5.25% due 09/15/2014		741,000		640,943
XL Capital, Ltd., Series E
6.50% due 12/31/2049 (b)		1,715,000		1,011,850
				349,498,780

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial - 1.71%
BAE Systems Asset Trust
6.664% due 09/15/2013 (g)	$	1,795,459	$	1,758,016
7.156% due 12/15/2011 (g)		753,592		758,599
BE Aerospace, Inc.
8.50% due 07/01/2018		1,090,000		1,057,300
Blaze Recycling & Metals LLC
10.875% due 07/15/2012 (g)		930,000		932,325
BWAY Corp.
10.00% due 10/15/2010		2,105,000		2,041,850
Caterpillar, Inc.
7.25% due 09/15/2009		687,000		704,709
CMA CGM SA
7.25% due 02/01/2013 (g)		2,610,000		1,931,400
Commercial Metals Company
7.35% due 08/15/2018		1,195,000		1,128,471
CRH America, Inc.
8.125% due 07/15/2018		1,840,000		1,805,196
General Electric Company
5.00% due 02/01/2013		4,125,000		3,799,195
Ingersoll-Rand Global Holding Company, Ltd.
6.875% due 08/15/2018		2,070,000		2,039,991
Jabil Circuit, Inc.
5.875% due 07/15/2010		853,000		818,880
Masco Corp.
4.80% due 06/15/2015		2,540,000		2,118,538
6.125% due 10/03/2016		2,000,000		1,737,762
Navios Maritime Holdings, Inc.
9.50% due 12/15/2014		1,850,000		1,702,000
Overseas Shipholding Group, Inc.
8.75% due 12/01/2013		425,000		420,750
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		1,955,000		1,524,900
Tyco Electronics Group SA
6.55% due 10/01/2017		6,840,000		6,582,036
7.125% due 10/01/2037		2,000,000		1,889,806
Union Pacific Corp.
5.70% due 08/15/2018		3,300,000		3,073,241
Waste Management, Inc.
7.75% due 05/15/2032		625,000		614,952
				38,439,917
Technology - 0.17%
Electronic Data Systems Corp.
7.125% due 10/15/2009		148,000		150,385
Fiserv, Inc.
6.80% due 11/20/2017		1,600,000		1,544,077
Xerox Corp.
6.75% due 02/01/2017		2,230,000		2,104,460
				3,798,922
Utilities - 3.43%
AES Eastern Energy LP, Series 99-A
9.00% due 01/02/2017		2,926,670		3,102,270
AES Gener SA
7.50% due 03/25/2014		906,000		957,619
American Electric Power Company, Inc.
5.25% due 06/01/2015		540,000		495,027
Appalachian Power Company
5.80% due 10/01/2035		1,961,000		1,568,310
7.00% due 04/01/2038		1,755,000		1,641,899

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

18

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utilities (continued)
Arizona Public Service Company
5.50% due 09/01/2035	$	1,118,000	$	792,312
BVPS II Funding Corp.
8.89% due 06/01/2017		967,000		989,875
CenterPoint Energy Houston Electric LLC, Series K2
6.95% due 03/15/2033		535,000		485,753
Commonwealth Edison Company
5.80% due 03/15/2018		1,900,000		1,741,141
Constellation Energy Group, Inc.
4.55% due 06/15/2015		3,615,000		3,099,483
Dominion Resources, Inc.
5.70% due 09/17/2012		368,000		364,456
6.30% due 09/30/2066 (b)		3,200,000		2,816,640
7.50% due 06/30/2066 (b)		1,680,000		1,434,770
Empresa Nacional De Electricidad
8.50% due 04/01/2009		412,000		417,832
Enel Finance International SA
6.25% due 09/15/2017 (g)		2,335,000		2,323,068
Enersis SA
7.375% due 01/15/2014		633,000		639,186
Entergy Louisiana LLC
8.09% due 01/02/2017		2,150,223		2,179,768
Exelon Generation Company, LLC
6.95% due 06/15/2011		2,033,000		2,058,758
FirstEnergy Corp.
6.45% due 11/15/2011		481,000		483,294
7.375% due 11/15/2031		1,299,000		1,207,735
Ipalco Enterprises, Inc.
8.625% due 11/14/2011		1,595,000		1,602,975
Israel Electric Corp., Ltd.
7.25% due 01/15/2019 (g)		7,280,000		7,291,903
Jersey Central Power & Light Company, Series WI
6.40% due 05/15/2036		2,000,000		1,704,430
Michigan Consolidated Gas Company
5.70% due 03/15/2033		736,000		621,082
Midwest Generation LLC, Series B
8.56% due 01/02/2016		2,654,665		2,734,305
National Grid PLC
6.30% due 08/01/2016		2,515,000		2,399,059
Nevada Power Company
5.875% due 01/15/2015		1,785,000		1,686,250
6.65% due 04/01/2036		2,330,000		2,064,552
NiSource Finance Corp.
6.15% due 03/01/2013		977,000		945,661
6.80% due 01/15/2019		2,555,000		2,320,811
7.875% due 11/15/2010		814,000		837,206
Pacific Gas & Electric Company
4.20% due 03/01/2011		2,329,000		2,275,433
4.80% due 03/01/2014		598,000		563,250
PNPP II Funding Corp.
9.12% due 05/30/2016		796,000		815,740
PPL Energy Supply LLC
6.50% due 05/01/2018		2,000,000		1,823,538
Progress Energy, Inc.
5.625% due 01/15/2016		2,000,000		1,893,420
PSEG Power LLC
5.00% due 04/01/2014		736,000		667,456
8.625% due 04/15/2031		736,000		795,969

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utilities (continued)
Scottish Power PLC
4.91% due 03/15/2010	$	1,265,000	$	1,270,693
Sempra Energy
4.75% due 05/15/2009		437,000		437,022
Southern Union Company
7.20% due 11/01/2066 (b)		4,880,000		3,583,911
SPI Electricity & Gas Australia Holdings Party, Ltd.
6.15% due 11/15/2013 (g)		798,000		788,456
Tampa Electric Company
6.55% due 05/15/2036		2,000,000		1,748,780
Taqa Abu Dhabi National Energy Company
5.62% due 10/25/2012 (g)		1,415,000		1,372,280
Texas Competitive Electric Holdings Company LLC
10.25% due 11/01/2015 (g)		2,150,000		1,940,375
United Energy Distribution Property, Ltd.
4.70% due 04/15/2011 (g)		344,000		352,796
Veolia Environnement
6.00% due 06/01/2018		2,400,000		2,301,360
Virginia Electric and Power Company
6.00% due 01/15/2036		2,000,000		1,736,496
				77,374,405
TOTAL CORPORATE BONDS (Cost $916,922,973)			$	780,697,220
MUNICIPAL BONDS - 0.21%
District of Columbia - 0.21%
George Washington University, DC, Series B
5.095% due 09/15/2032		4,800,000		4,800,000
TOTAL MUNICIPAL BONDS (Cost $4,800,000)			$	4,800,000
COLLATERALIZED MORTGAGE
OBLIGATIONS - 13.99%
GS Mortgage Securities Corp. II, Series 2006-GG8,
Class X
0.6523% IO due 11/10/2039		58,812,880		1,853,182
Trapeza CDO LLC Series 2007-12A, Class B
3.3512% due 04/06/2042 (b)(g)		3,000,000		750,000
American Home Mortgage Assets, Series 2006-6,
Class A1A
3.3969% due 11/25/2036 (b)		2,600,923		1,578,887
American Home Mortgage Assets, Series 2006-6,
Class XP
3.1939% IO due 12/25/2046		47,312,344		1,892,494
American Home Mortgage Assets, Series 2007-5,
Class XP
3.7224% IO due 06/25/2047		34,020,709		1,020,621
American Home Mortgage Investment Trust, Series
2007-1, Class GIOP
2.0784% IO due 05/25/2047		30,147,377		1,676,948
American Home Mortgage Investment Trust,
Series 2004-4, Class 5A
4.44% due 02/25/2045		3,970,385		2,659,742
American Tower Trust, Series 2007-1A, Class D
5.9568% due 04/15/2037 (g)		2,850,000		2,552,309
Banc of America Commercial Mortgage, Inc.,
Series 2004-4, Class A3
4.128% due 07/10/2042		1,602,716		1,576,878

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

19

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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 2005-2, Class AJ
4.953% due 07/10/2042 (b)	$	2,524,154	$	1,989,694
Banc of America Commercial Mortgage, Inc.,
Series 2005-6, Class A4
5.1799% due 09/10/2047 (b)		3,075,000		2,790,918
Banc of America Commercial Mortgage, Inc.,
Series 2006-2, Class A3
5.9013% due 05/10/2045 (b)		5,245,000		4,934,187
Banc of America Commercial Mortgage, Inc.,
Series 2006-3, Class A4
5.889% due 07/10/2044		4,420,000		4,001,366
Banc of America Commercial Mortgage, Inc.,
Series 2006-4, Class A3A
5.60% due 08/10/2013		4,215,000		3,917,128
Banc of America Funding Corp., Series 2006-B,
Class 6A1
5.8809% due 03/20/2036 (b)		2,539,839		2,155,734
Banc of America Funding Corp., Series 2006-D,
Class 6B1
5.9453% due 05/20/2036 (b)		1,711,828		465,871
Banc of America Funding Corp., Series 2007-E,
Class 4A1
5.8516% due 09/20/2037 (b)		1,903,466		1,828,323
Banc of America Large Loan,
Series 2005-MIB1, Class B
2.7475% due 03/15/2022 (b)(g)		4,495,000		4,083,849
Banc of America Large Loan, Series 2006-BIX1,
Class C
2.6675% due 10/15/2019 (b)(g)		5,214,117		4,726,331
Bank of America Commercial Mortgage, Inc.,
Series 2001-3, Class A1
4.89% due 04/11/2037		204,754		202,785
Bear Stearns Alt-A Trust, Series 2005-3, Class B2
5.442% due 04/25/2035 (b)		1,023,367		393,888
Bear Stearns Asset Backed Securities, Inc.,
Series 2003-AC4, Class A
5.00% due 09/25/2033		484,860		412,927
Bear Stearns Asset Backed Securities, Inc.,
Series 2004-AC5, Class A1
5.25% due 10/25/2034		418,821		337,761
Bear Stearns Commercial Mortgage Securities, Inc.
4.95% due 06/11/2041 (g)		2,690,000		1,698,857
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR5, Class X1
0.2187% IO due 07/11/2042		32,462,220		544,158
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-T16, Class X1
0.2609% IO due 08/13/2046 (g)		30,504,038		471,922
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-PWR8, Class AJ
4.75% due 06/11/2041		2,347,708		1,821,508
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-BBA7, Class G
2.9275% due 03/15/2019 (b)(g)		2,300,000		2,000,605
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-PW14, Class D
5.412% due 12/11/2038 (g)		2,245,000		1,279,776
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-T24, Class AY
0.4256% IO due 10/12/2041		175,043,124		2,862,585

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bear Stearns Mortgage Funding Trust,
Series 2006-AR4, Class A1
3.4169% due 12/25/2036 (b)	$	2,071,844	$	1,319,676
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class C
7.928% due 07/15/2032		1,470,381		1,509,666
Chaseflex Trust, Series 2005-2, Class 4A1
5.00% due 06/25/2035		2,229,617		1,946,039
Citigroup Commercial Mortgage Trust,
Series 2006-C4, Class A3
5.9151% due 03/15/2049 (b)		3,544,000		3,205,407
Citigroup Mortgage Loan Trust, Inc., Series 2005-1,
Class 2B1
5.3425% due 04/25/2035 (b)		1,557,367		641,582
Citigroup Mortgage Loan Trust, Inc.,
Series 2005-10, Class 1A5A
5.8379% due 12/25/2035 (b)		1,944,824		1,386,980
Citigroup Mortgage Loan Trust, Inc., Series 2005-5,
Class 2A3
5.00% due 08/25/2035		1,238,324		1,105,592
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2005-CD1, Class C
5.3995% due 09/15/2020 (b)		1,055,000		782,136
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A4
5.3995% due 09/15/2020 (b)		2,080,000		1,908,202
Commercial Mortgage Pass Through Certificates,
Series 2003-LB1A, Class A2
4.084% due 06/10/2038		2,475,141		2,246,440
Commercial Mortgage Pass Through Certificates,
Series 2005-C6, Class B
5.3994% due 06/10/2044 (b)		2,450,635		1,832,023
Commercial Mortgage Pass Through Certificates,
Series 2005-FL11, Class AJ
2.6875% due 11/15/2017 (b)(g)		2,599,402		2,420,272
Countrywide Alternative Loan Trust, Series
2006-OA3, Class X
2.3415% IO due 05/25/2036		14,869,601		278,024
Countrywide Alternative Loan Trust,
Series 2004-J7, Class 1A2
4.673% due 08/25/2034 (b)		40,542		39,803
Countrywide Alternative Loan Trust,
Series 2005-59, Class 2X
3.1878% IO due 11/20/2035		37,085,033		1,274,798
Countrywide Alternative Loan Trust,
Series 2006-11CB, Class 3A1
6.50% due 05/25/2036		2,193,515		1,393,569
Countrywide Alternative Loan Trust,
Series 2006-OA10, Class XPP
1.7989% IO due 08/25/2046		19,486,348		672,883
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB2, Class 4A
4.5209% due 07/20/2034 (b)		4,855,168		4,028,517
Countrywide Home Loans,
Series 2005-12, Class 2A5
5.50% due 05/25/2035		675,246		617,450
Credit Suisse Mortgage Capital Certificates,
Series 2006-C5, Class A2
5.246% due 12/15/2039		6,500,000		6,158,225

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

20

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Credit Suisse Mortgage Capital Certificates,
Series 2006-TFLA, Class B
2.7175% due 04/15/2021 (b)(g)	$	4,095,000	$	3,756,712
Crown Castle Towers LLC, Series 2006-1A, Class F
6.6496% due 11/15/2036 (g)		6,825,000		6,051,538
Crown Castle Towers LLC, Series 2006-1A, Class G
6.7954% due 11/15/2036 (g)		2,775,000		2,391,080
Crown Castle Towers LLC, Series 2005-1A, Class D
5.612% due 06/15/2035 (g)		3,195,000		3,002,342
Crown Castle Towers LLC, Series 2006-1A, Class E
6.0652% due 11/15/2036 (g)		2,730,000		2,388,095
CS First Boston Mortgage Securities Corp, Series
2005-C5, Class F
5.10% due 08/15/2038 (b)		3,000,000		1,977,920
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		1,587,376		1,552,218
CS First Boston Mortgage Securities Corp.,
Series 2001-CP4, Class A4
6.18% due 12/15/2035		1,592,913		1,585,914
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		980,254		969,727
CS First Boston Mortgage Securities Corp.,
Series 2004-C4, Class A4
4.283% due 10/15/2039		539,140		509,625
CS First Boston Mortgage Securities Corp.,
Series 2005-C1, Class AX
0.1677% IO due 02/15/2038 (g)		57,804,192		558,545
CS First Boston Mortgage Securities Corp.,
Series 2005-C2, Class B
5.016% due 04/15/2037		2,881,947		2,146,377
CS First Boston Mortgage Securities Corp.,
Series 2005-TF2A, Class K
3.6875% due 09/15/2020 (b)(g)		1,000,000		884,419
DSLA Mortgage Loan Trust, Series 2005-AR5,
Class X2
2.764% IO due 08/19/2045		34,333,826		997,827
Federal Home Loan Mortgage Corp.,
Series 2005-3019, Class MD
4.75% due 01/15/2031		1,361,696		1,378,503
Federal Home Loan Mortgage Corp., Series 24989,
Class PE
6.00% due 08/15/2032		1,931,573		1,963,041
Federal Home Loan Mortgage Corp.,
Series T-41, Class 3A
7.50% due 07/25/2032		172,947		187,713
Federal National Mortgage Association,
Series 2002-W3, Class A5
7.50% due 01/25/2028		333,397		354,641
First Horizon Alternative Mortgage Securities,
Series 2004-AA5, Class B1
5.2096% due 12/25/2034 (b)		722,552		426,619
First Horizon Alternative Mortgage Securities,
Series 2006-AA2, Class B1
6.1473% due 05/25/2036 (b)		1,288,749		103,810
First Union National Bank Commercial Mortgage
Trust, Series 2002-C1, Class A1
5.585% due 02/12/2034		358,295		356,399

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
GE Capital Commercial Mortgage Corp.,
Series 2001-1, Class A1
6.079% due 05/15/2033	$	32,358	$	32,272
GE Capital Commercial Mortgage Corp.,
Series 2001-3, Class A2
6.07% due 06/10/2038		1,102,786		1,091,325
GE Capital Commercial Mortgage Corp.,
Series 2002-2A, Class A3
5.349% due 08/11/2036		735,191		713,369
GE Capital Commercial Mortgage Corp.,
Series 2005-C1, Class XC
0.1609% IO due 06/10/2048 (b)(g)		90,527,997		1,004,390
GE Capital Commercial Mortgage Corp.,
Series 2005-C2, Class C
5.133% due 05/10/2043 (b)		2,171,263		1,620,443
G-Force LLC, Series 2005-RR2, Class A4B
5.422% due 12/27/2039 (g)		2,425,000		1,442,875
Global Signal Trust, Series 2004-2A, Class D
5.093% due 12/15/2014 (g)		1,700,000		1,634,363
Global Signal Trust, Series 2006-1, Class E
6.495% due 02/15/2036 (g)		2,205,000		2,136,266
Global Tower Partners Acquisition Partners LLC,
Series 2007-1A, Class F
7.0496% due 05/15/2037 (g)		725,000		683,369
GMAC Commercial Mortgage Securities, Inc.,
Series 2003-C2, Class B
5.6826% due 05/10/2040 (b)		6,983,000		6,644,586
GMAC Mortgage Corp. Loan Trust,
Series 2006-AR1, Class 2A1
5.6293% due 04/19/2036 (b)		1,339,394		1,060,941
Greenpoint Mortgage Funding Trust, Series
2005-AR1, Class A3
3.4869% due 06/25/2045 (b)		627,882		453,511
Greenpoint Mortgage Funding Trust, Series
2005-AR4, Class 4A2
3.5669% due 10/25/2045 (b)		2,876,798		1,705,110
Greenpoint Mortgage Funding Trust, Series
2006-AR1, Class A2A
3.5769% due 02/25/2036 (b)		4,632,240		2,373,395
Greenwich Capital Commercial Funding Corp,
Series 2007-GG9, Class C
5.554% due 02/10/2017		1,695,000		1,004,707
Greenwich Capital Commercial Funding Corp,
Series 2007-GG9, Class F
5.633% due 02/10/2017		935,000		419,851
Greenwich Capital Commercial Funding Corp.,
Series 2002-C1, Class A2
4.112% due 01/11/2017		945,014		906,563
GS Mortgage Securities Corp. II, Series 2005-GG4,
Class XC
0.2181% IO due 07/10/2039 (b)(g)		101,200,765		1,624,242
GSR Mortgage Loan Trust, Series 2004-9, Class B1
4.5239% due 08/25/2034 (b)		1,680,967		1,305,886
GSR Mortgage Loan Trust, Series 2006-AR1,
Class 3A1
5.3706% due 01/25/2036 (b)		2,543,665		2,155,155
Harborview Mortgage Loan Trust, Series 2005-16,
Class 2A1B
3.36% due 01/19/2036 (b)		1,564,298		706,063

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

21

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Harborview Mortgage Loan Trust,
Series 2004-7, Class 2A3
5.3488% due 11/19/2034 (b)	$	760,802	$	594,438
Harborview Mortgage Loan Trust,
Series 2005-8, Class 1X
2.6267% IO due 09/19/2035 (b)		25,206,863		504,137
Harborview Mortgage Loan Trust,
Series 2006-SB1, Class A1A
3.705% due 12/19/2036 (b)		3,285,084		1,809,985
Harborview Mortgage Loan Trust,
Series 2007-3, Class ES
0.3509% IO due 05/19/2047		70,219,891		438,874
Harborview Mortgage Loan Trust,
Series 2007-4, Class ES
0.3508% IO due 07/19/2047		70,690,368		441,815
Harborview Mortgage Loan Trust,
Series 2007-6, Class ES
0.3436% IO due 08/19/2037 (g)		49,551,175		309,695
Hilton Hotels Pool Trust, Series 2000-HLTA, Class B
2.9856% due 10/03/2015 (b)(g)		335,000		331,711
IndyMac Index Mortgage Loan Trust,
Series 2004-AR13, Class B1
5.2962% due 01/25/2035		1,037,285		520,168
Indymac Index Mortgage Loan Trust,
Series 2005-AR18, Class 1X
zero coupon IO due 10/25/2036		60,352,172		1,394,135
Indymac Index Mortgage Loan Trust,
Series 2005-AR18, Class 2X
zero coupon IO due 10/25/2036		74,449,528		1,072,073
IndyMac Index Mortgage Loan Trust,
Series 2005-AR5, Class B1
5.4878% due 05/25/2035 (b)		1,688,145		816,416
IndyMac Index Mortgage Loan Trust,
Series 2006-AR19, Class 1B1
6.3433% due 08/25/2036 (b)		1,655,364		151,210
JPMorgan Chase Commercial Mortgage Securities
Corp, Series 2005-LDP5, Class G
5.4995% due 12/15/2044 (b)		2,460,000		1,553,569
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP5, Class A4
5.3445% due 12/15/2044 (b)		7,990,000		7,236,906
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2002-C1, Class A3
5.376% due 07/12/2037		2,568,266		2,472,348
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2004-CBX, Class A2
3.89% due 01/12/2037		385,350		380,114
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP3, Class A4B
4.996% due 08/15/2042 (b)		2,675,000		2,377,254
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP4, Class B
5.129% due 10/15/2042 (b)		1,335,000		981,931
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP7, Class A4
6.0654% due 04/15/2045 (b)		2,675,000		2,418,841
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class A3B
5.447% due 05/15/2045		4,530,000		4,127,061

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class X
0.7621% IO due 05/15/2045	$	89,247,152	$	2,631,113
JPMorgan Mortgage Trust, Series 2006-A7, Class
2A5
5.8021% due 01/25/2037 (b)		3,964,923		3,023,486
JPMorgan Mortgage Trust, Series 2005-S2,
Class 2A16
6.50% due 09/25/2035		1,635,822		1,480,931
JPMorgan Mortgage Trust, Series 2005-S3,
Class 2A2
5.50% due 01/25/2021		2,334,368		2,165,857
LB-UBS Commercial Mortgage Trust, Series
2005-C2, Class E
5.4563% due 04/15/2030 (b)		2,990,000		2,062,022
LB-UBS Commercial Mortgage Trust,
Series 2002-C1,Class A4
6.462% due 03/15/2031		1,470,381		1,477,041
LB-UBS Commercial Mortgage Trust,
Series 2005-C1, Class XCL
0.2556% IO due 03/17/2020 (g)		47,038,879		820,222
LB-UBS Commercial Mortgage Trust,
Series 2005-C3, Class G
5.111% due 06/17/2015 (b)(g)		1,264,528		805,905
LB-UBS Commercial Mortgage Trust,
Series 2005-C5, Class A2
4.885% due 09/15/2040		2,881,947		2,828,233
LB-UBS Commercial Mortgage Trust,
Series 2006-C4, Class A4
5.8826% due 06/15/2038 (b)		3,165,000		2,890,992
Lehman XS Trust, Series 2007-10H, Class 2A2
7.50% due 07/25/2037		5,997,802		5,131,863
Mastr Adjustable Rate Mortgages Trust,
Series 2004-13, Class 2A1
4.1551% due 04/21/2034 (b)		2,694,631		2,413,914
Mastr Adjustable Rate Mortgages Trust,
Series 2004-8, Class 5A1
4.5965% due 08/25/2034 (b)		4,021,517		3,374,484
Mastr Adjustable Rate Mortgages Trust,
Series 2005-2, Class 2A1
5.579% due 03/25/2035 (b)		7,359,242		5,209,303
Mastr Adjustable Rate Mortgages Trust,
Series 2006-2, Class 4A1
4.9812% due 02/25/2036 (b)		8,324,705		6,897,865
Merrill Lynch Mortgage Trust, Series 2008-C1,
Class X
0.564% IO due 02/14/2051 (g)		54,622,827		1,433,849
Merrill Lynch Mortgage Trust,
Series 2004-KEY2, Class A4
4.864% due 08/12/2039 (b)		1,588,012		1,441,532
Merrill Lynch Mortgage Trust, Series 2005-CIP1,
Class XC
0.0871% IO due 08/12/2020 (g)		275,946,564		1,432,301
Merrill Lynch Mortgage Trust, Series 2005-CIP1,
Class XP
0.2914% IO due 07/12/2038		227,224,096		1,407,744
Merrill Lynch Mortgage Trust, Series 2005-CKI1,
Class A6
5.4159% due 11/12/2037 (b)		2,855,000		2,606,622

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

22

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Merrill Lynch Mortgage Trust, Series 2006-C2,
Class X
0.5589% IO due 08/12/2026	$	77,297,130	$	1,632,067
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-2, Class A4
6.1044% due 06/12/2046 (b)		4,565,000		4,167,418
MLCC Mortgage Investors, Inc., Series 2005-A,
Class A1
3.4369% due 03/25/2030 (b)		126,921		119,773
MLCC Mortgage Investors, Inc., Series 2007-3,
Class M1
5.9409% due 09/25/2037 (b)		1,452,812		1,016,930
MLCC Mortgage Investors, Inc., Series 2007-3,
Class M2
5.9409% due 09/25/2037 (b)		546,929		432,523
MLCC Mortgage Investors, Inc., Series 2007-3,
Class M3
5.9409% due 09/25/2037 (b)		353,954		245,612
Morgan Stanley Capital I, Series 2005-RR6, Class
A2FL
3.3963% due 05/24/2043 (b)		1,701,623		1,480,412
Morgan Stanley Capital I, Series 2006-IQ12, Class E
5.538% due 12/15/2043 (b)		2,170,000		1,245,969
Morgan Stanley Capital I, Series 2004-T13, Class A2
3.94% due 09/13/2045		882,543		859,616
Morgan Stanley Capital I, Series 2005-HQ7,
Class A2
5.3784% due 11/14/2042 (b)		2,185,000		2,084,965
Morgan Stanley Capital I, Series 2005-HQ7,
Class A4
5.3784% due 11/14/2042 (b)		2,795,000		2,575,816
Morgan Stanley Capital I, Series 2005-IQ10,
Class A4A
5.23% due 09/15/2042 (b)		2,535,000		2,309,206
Morgan Stanley Capital I, Series 2005-IQ9, Class X1
0.243% IO due 07/15/2056 (g)		36,775,203		902,607
Morgan Stanley Capital I, Series 2005-T17, Class X1
0.184% IO due 12/31/2041 (g)		74,965,779		932,822
Morgan Stanley Capital I,
Series 2007-SRR3, Class A
2.7706% due 12/20/2049 (b)(g)		3,000,000		900,000
Morgan Stanley Capital I,
Series 2007-SRR3, Class B
2.8706% due 12/20/2049 (b)(g)		3,000,000		750,000
Morgan Stanley Dean Witter Capital I,
Series 2003-HYB1, Class A2
4.6188% due 03/25/2033 (b)		3,597,984		3,511,702
Multi Security Asset Trust, Series 2005-RR4A,
Class F
5.88% due 11/28/2035 (b)(g)		580,000		290,000
Provident Funding Mortgage Loan Trust,
Series 2005-1, Class B1
4.8196% due 05/25/2035 (b)		1,752,102		1,353,362
Residential Accredit Loans, Inc., Series
2007-QS10, Class A1
6.50% due 09/25/2037		3,416,348		2,307,104
Residential Accredit Loans, Inc.,
Series 2005-QA12, Class NB5
5.9535% due 12/25/2035 (b)		2,486,518		1,815,559

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Residential Accredit Loans, Inc.,
Series 2007-QS11, Class A1
7.00% due 10/25/2037	$	2,870,438	$	2,055,056
Residential Asset Securitization Trust,
Series 2006-A7CB, Class 2A1
6.50% due 07/25/2036		3,357,765		2,032,499
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		590,327		593,167
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A3
6.428% due 12/18/2035		1,150,345		1,152,499
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036 (g)		4,670,000		4,043,562
SBA CMBS Trust, Series 2006-1A, Class J
7.825% due 11/15/2036 (g)		755,000		692,771
SBA CMBS Trust, Series 2005-1A, Class C
5.731% due 11/15/2035 (g)		3,998,000		3,797,600
SBA CMBS Trust, Series 2005-1A, Class D
6.219% due 11/15/2035 (g)		615,000		549,558
SBA CMBS Trust, Series 2005-1A, Class E
6.706% due 11/15/2035 (g)		545,000		508,011
Sequoia Mortgage Trust, Series 2005-3, Class A1
3.3875% due 04/15/2032 (b)		267,478		220,459
Structured Adjustable Rate Mortgage Loan Trust,
Series 2005-18, Class 6A1
5.2561% due 09/25/2035 (b)		2,270,376		1,924,456
Structured Asset Securities Corp.,
Series 1998-RF2, Class A
8.4914% due 07/15/2027 (b)(g)		334,878		334,163
Structured Asset Securities Corp.,
Series 2003-6A, Class B1
5.2614% due 03/25/2033 (b)		2,429,781		1,787,622
Timberstar Trust, Series 2006-1A, Class A
5.668% due 10/15/2036 (g)		4,800,000		4,526,438
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C22, Class E
5.53% due 12/15/2044 (b)		3,640,000		2,430,190
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C17, Class XC
0.1013% IO due 03/15/2042 (g)		47,151,100		342,789
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C19, Class AJ
4.793% due 05/15/2044		1,862,483		1,444,771
WAMU Commercial Mortgage Securities Trust,
Series 2007-SL3, Class A
6.1144% due 03/23/2045 (g)		2,513,652		2,389,933
WAMU Mortgage Pass Through Certificates, Series
2005-AR19, Class A1B3
3.5569% due 12/25/2045 (b)		1,109,005		599,150
WAMU Mortgage Pass Through Certificates, Series
2006-AR4, Class 1A1B
3.795% due 05/25/2046 (b)		2,811,717		1,412,938
WAMU Mortgage Pass Through Certificates,
Series 2005-AR13, Class B1
3.8069% due 10/25/2045 (b)		3,868,896		1,302,776
WAMU Mortgage Pass Through Certificates,
Series 2005-AR6, Class B1
3.8069% due 04/25/2045 (b)		4,309,813		2,208,385

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

23

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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 2007-OA5, Class 1XPP
0.6893% IO due 06/25/2017	$	157,568,329	$	1,772,644
WAMU Mortgage Pass Through Certificates,
Series 2007-OA6, Class 1XPP
0.8695% IO due 07/25/2047		85,742,764		964,606
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2005-AR19,
Class B1
3.9069% due 12/25/2045 (b)		2,258,270		754,568
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2007-1, Class
B1
6.1706% due 02/25/2037 (b)		1,946,999		262,675
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2005-6,
Class 1CB
6.50% due 08/25/2035		1,233,409		956,278
Washington Mutual Mortgage Pass Through
Certificates, Series 2007-OA4, Class XPPP
0.8727% IO due 04/25/2047		69,231,424		865,393
Washington Mutual Mortgage Pass-Through,
Series 2005-1, Class 6A1
6.50% due 03/25/2035		755,209		623,284
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR15, Class A3
5.6596% due 10/25/2036 (b)		4,280,173		2,652,548
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $377,127,979)			$	315,112,477
ASSET BACKED SECURITIES - 5.04%
Alesco Preferred Funding, Ltd., Series 12A, Class B
3.0712% due 07/15/2037 (b)(g)		1,910,000		477,500
Alesco Preferred Funding, Ltd., Series 14A, Class B
3.86% due 09/23/2037 (b)(g)		2,410,000		964,000
Alesco Preferred Funding, Ltd.,
Series 15A, Class B1
3.89% due 12/23/2037 (b)(g)		935,000		374,000
Amresco Residential Securities Mortgage Loan
Trust, Series 1998-1, Class A6
6.51% due 08/25/2027		37,747		37,046
Ansonia CDO, Ltd.
5.812% due 07/28/2046 (g)		6,050,000		1,633,500
Anthracite, Ltd., Series 2002-2A, Class B
5.488% due 12/24/2037 (b)(g)		2,400,000		1,872,000
Anthracite, Ltd., Series 2002-CIBA, Class A
3.6263% due 05/24/2017 (b)(g)		2,645,817		2,222,486
Arbor Realty Mortgage Securities, Series
2006-1A, Class C
3.395% due 12/26/2041 (b)(g)		1,895,000		860,283
Arbor Realty Mortgage Securities, Series
2006-1A, Class F
3.845% due 01/26/2042 (b)(g)		3,145,000		1,415,769
Argent Securities, Inc., Series 2004-W1, Class M3
4.6569% due 03/25/2034 (b)		528,441		272,586
Capital Trust Re CDO, Ltd.
5.16% due 06/25/2035		3,000,000		2,520,000
Capital Trust Re CDO, Ltd., Series 2005-1A,
Class C
3.9375% due 03/20/2050 (b)(g)		1,250,000		743,750

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Capital Trust Re CDO, Ltd., Series 2005-1A, Class E
5.2875% due 03/20/2050 (b)(g)	$	834,000	$	316,920
Capital Trust Re CDO, Ltd., Series 2005-1A, Class B
3.6575% due 03/20/2050 (b)(g)		1,600,000		1,040,000
Capital Trust Re CDO, Ltd., Series 2005-3A,
Class A1
5.094% due 06/25/2035 (g)		2,726,660		2,453,994
Centex Home Equity, Series 2004-D, Class AF4
4.68% due 06/25/2032		780,000		633,856
Centex Home Equity, Series 2005-A, Class M4
4.0069% due 01/25/2035 (b)		875,000		687,666
Chase Credit Card Master Trust, Series 2003-6,
Class A
2.5975% due 02/15/2011 (b)		4,800,000		4,796,447
Chase Issuance Trust, Series 2008-A1, Class A1
2.9375% due 01/15/2012 (b)		3,200,000		3,154,476
Contimortgage Home Equity Loan Trust,
Series 1995-2, Class A5
8.10% due 08/15/2025		23,689		19,613
Credit-Based Asset Servicing and Securitization,
Series 2005-CB8, Class AF2
5.303% due 12/25/2035		112,815		106,764
Credit-Based Asset Servicing and Securitization,
Series 2006-CB2, Class AF2
5.501% due 12/25/2036		4,192,152		3,813,589
Credit-Based Asset Servicing and Securitization,
Series 2006-MH1, Class B1
6.25% due 09/25/2036 (g)		2,560,000		2,043,841
Crest, Ltd., Series 2000-1A, Class C
7.75% due 08/31/2036 (g)		3,450,000		3,168,790
Crest, Ltd., Series 2002-IGA, Class A
3.245% due 07/28/2017 (b)(g)		6,206,995		5,799,851
Crest, Ltd., Series 2003-1A, Class B1
3.7594% due 05/28/2038 (b)(g)		2,400,000		1,857,011
CW Capital Cobalt I, Series 2005-1A, Class A1
3.0906% due 05/25/2045 (b)(g)		858,566		604,216
DB Master Finance LLC, Series 2006-1, Class-A2
5.779% due 06/20/2031 (g)		15,150,000		12,982,944
DB Master Finance LLC, Series 2006-1, Class-M1
8.285% due 06/20/2031 (g)		970,000		726,656
Dillon Read CMBS CDO, Ltd.,Series 2006-1A,
Class A3
3.5138% due 12/05/2046 (b)(g)		4,755,000		1,521,600
Dominos Pizza Master Issuer LLC, Series 2007-1,
Class M1
7.629% due 04/27/2037 (g)		2,940,000		1,837,500
Equity One ABS, Inc., Series 2004-1, Class M2
5.115% due 04/25/2034		362,770		245,094
Equity One ABS, Inc., Series 2004-1, Class M3
5.26% due 04/25/2034		362,770		241,481
Equity One ABS, Inc., Series 2004-2, Class AV2
3.4569% due 07/25/2034 (b)		32,203		27,027
Fremont Home Loan Trust, Series 2004-4, Class M7
4.9269% due 03/25/2035 (b)		732,531		78,751
GSAA Home Equity Trust, Series 2006-10,
Class AF3
5.9846% due 06/25/2036 (b)		7,000,000		4,283,125
Highland Park CDO, Ltd., Series 2006-1A, Class A2
3.2106% due 11/25/2051 (b)(g)		7,570,000		4,430,721

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

24

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
JER CDO, Series 2006-2A, Class AFL
3.5369% due 03/25/2045 (b)(g)	$	3,700,000	$	1,480,000
JER CDO, Series 2006-2A, Class FFL
4.7069% due 03/25/2045 (b)(g)		2,000,000		140,000
Lehman XS Trust, Series 2005-5N, Class 3A2
3.5669% due 11/25/2035 (b)		3,218,709		1,407,476
Lehman XS Trust, Series 2006-2N, Class 1A2
3.5469% due 02/25/2046 (b)		7,081,409		2,899,457
LNR CDO, Ltd., Series 2006-1A, Class BFL
3.02% due 05/28/2043 (b)(g)		3,300,000		397,039
Long Beach Mortgage Loan Trust, Series 2002-2,
Class M2
5.0069% due 07/25/2032 (b)		1,209,650		267,849
Long Beach Mortgage Loan Trust,
Series 2004-1, Class M3
3.9069% due 02/25/2034 (b)		1,200,000		979,394
New Century Home Equity Loan Trust,
Series 2004-A, Class AII5
5.25% due 07/25/2034		990,000		854,657
Newcastle CDO, Ltd., Series 2005-7A, Class 2FL
3.6762% due 12/24/2050 (b)(g)		2,690,000		1,147,823
North Street Referenced Linked Notes, Series
2000-1A, Class C
4.5462% due 07/30/2010 (b)(g)		2,500,000		1,475,000
N-Star Real Estate CDO, Ltd.
4.0588% due 07/27/2040 (b)(g)		2,800,000		1,820,000
N-Star Real Estate CDO, Ltd.,
Series 2006-7A, Class C
3.8069% due 06/22/2051 (g)		3,000,000		954,900
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class E
3.2356% due 02/01/2041 (b)(g)		2,360,000		1,129,272
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class G
3.4356% due 02/01/2041 (b)(g)		2,360,000		998,504
Option One Mortgage Loan Trust, Series 2004-1,
Class M1
3.8069% due 01/25/2034 (b)		761,275		566,694
Ownit Mortgage Loan, Series 2006-1, Class AF2
5.29% due 12/25/2036		5,160,000		4,573,327
Ownit Mortgage Loan, Series 2006-2, Class A2B
5.6329% due 02/25/2037		4,000,000		3,737,041
Popular ABS Mortgage Pass-Through Trust,
Series 2005-4, Class AF3
4.982% due 09/25/2035 (b)		265,628		265,628
Popular ABS Mortgage Pass-Through Trust,
Series 2005-6, Class A2
5.35% due 01/25/2036 (b)		565,311		565,311
Prima Capital Ltd., Series 2006-CR1A, Class A1
5.417% due 12/25/2048		6,559,224		5,640,932
RAIT Preferred Funding, Ltd., Series 2007-2A,
Class B
4.0069% due 06/25/2045 (b)(g)		3,000,000		1,535,850
Renaissance Home Equity Loan Trust,
Series 2005-2, Class AF3
4.499% due 07/25/2035		992,434		979,318
Renaissance Home Equity Loan Trust,
Series 2005-2, Class AF4
4.934% due 07/25/2035		1,870,000		1,779,158

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	$	832,219	$	705,046
Residential Asset Mortgage Products, Inc.,
Series 2004-RS9, Class AI4
4.767% due 10/25/2032		659,844		579,550
Residential Asset Mortgage Products, Inc.,
Series 2004-RZ3, Class AI4
4.572% due 05/25/2033 (b)		564,219		523,716
Structured Asset Securities Corp.,
Series 2004-6XS, Class M1
4.92% due 03/25/2034		629,922		389,568
Vanderbilt Acquisition Loan Trust,
Series 2002-1, Class A3
5.70% due 09/07/2023		133,814		132,529
Wells Fargo Home Equity Trust,
Series 2004-2, Class AI5
4.89% due 11/25/2028 (b)		2,451,000		2,258,104
Cedarwoods Credit CDO, Ltd.,
Series 2007-2A, Class B
3.5869% due 02/25/2052 (b)(g)		5,000,000		2,095,000
Lehman XS Trust, Series 2005-7N, Class 1A1B
3.5069% due 12/25/2035 (b)		2,303,479		1,035,604
TOTAL ASSET BACKED SECURITIES
(Cost $163,124,573)			$	113,578,600
SUPRANATIONAL OBLIGATIONS - 0.11%
Financial - 0.05%
Corporacion Andina de Fomento, Series EXCH
6.875% due 03/15/2012		1,005,000		1,048,618
Government - 0.06%
Central American Bank for Economic Integration
6.75% due 04/15/2013 (g)		638,000		678,102
Corporacion Andina de Fomento
5.20% due 05/21/2013		736,000		721,848
				1,399,950
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $2,520,302)			$	2,448,568
PREFERRED STOCKS - 0.22%
Communications - 0.06%
Telephone & Data Systems, Inc., 7.60%		80,100		1,320,849
Consumer, Non-cyclical - 0.08%
Ocean Spray Cranberries, Inc., 6.25%		22,216		1,943,900
Financial - 0.08%
Merrill Lynch & Company, Inc., Series MER,
8.625%		94,700		1,787,463
TOTAL PREFERRED STOCKS (Cost $6,224,710)			$	5,052,212
TERM LOANS - 0.03%
Consumer, Cyclical - 0.03%
East Valley Tourist Development
10.88% due 08/06/2012 (b)		725,000		630,750
TOTAL TERM LOANS (Cost $719,397)			$	630,750

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

25

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Active Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
WARRANTS - 0.00%
Basic Materials - 0.00%
New Gold, Inc.
(Expiration date 06/28/2017, strike
price CAD 15.00) *		20,662	$	19,414
TOTAL WARRANTS (Cost $0)			$	19,414
REPURCHASE AGREEMENTS - 2.76%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$62,202,160 on 10/01/2008,
collateralized by $14,965,000
Federal Home Loan Bank, 2.275%
due 04/24/2009 (valued at
$15,058,531, including interest)
and $38,520,000 Federal Home
Loan Mortgage Corp., 5.20% due
10/24/2012 (valued at
$39,483,000, including interest)
and $8,565,000 Federal National
Mortgage Association, 4.78% due
11/16/2012 (valued at $8,907,600,
including interest)	$	62,200,000	$	62,200,000
TOTAL REPURCHASE AGREEMENTS
(Cost $62,200,000)			$	62,200,000
SHORT TERM INVESTMENTS - 12.55%
Federal Home Loan Bank Discount Notes
zero coupon due 10/15/2008 to
10/20/2008	$	250,479,000	$	250,242,538
John Hancock Cash
Investment Trust, 2.6453% (c)(f)		32,328,906		32,328,906
TOTAL SHORT TERM INVESTMENTS
(Cost $282,571,444)			$	282,571,444
Total Investments (Active Bond Trust)
(Cost $2,786,408,054) - 112.62%			$	2,536,818,071
Liabilities in Excess of Other Assets - (12.62)%				(284,348,853)
TOTAL NET ASSETS - 100.00%			$	2,252,469,218
All Cap Core Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 88.65%
Basic Materials - 5.04%
CF Industries Holdings, Inc.		64,700	$	5,917,462
Eli Lilly & Company		325,500		14,331,765
Reliance Steel & Aluminum Company		98,400		3,736,248
Steel Dynamics, Inc.		292,900		5,005,661
Terra Industries, Inc.		165,100		4,853,940
The Mosaic Company		32,600		2,217,452
United States Steel Corp.		78,200		6,069,102
Xerium Technologies, Inc.		20,500		132,020
				42,263,650

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications - 9.37%
AT&T, Inc.	466,300	$	13,019,096
Atlantic Tele-Network, Inc.	3,400		95,200
Comcast Corp., Class A	164,200		3,223,246
DIRECTV Group, Inc. *	487,600		12,760,492
DISH Network Corp. *	265,500		5,575,500
eBay, Inc. *	113,100		2,531,178
Embarq Corp.	197,800		8,020,790
Global Crossing, Ltd. *	4,200		63,672
Global Sources, Ltd. *	15,400		155,078
Google, Inc., Class A *	18,900		7,569,828
Liberty Global, Inc., Class A *	198,000		5,999,400
Symantec Corp. *	59,100		1,157,178
Verizon Communications, Inc.	537,000		17,232,330
Yahoo!, Inc. *	69,400		1,200,620
			78,603,608
Consumer, Cyclical - 7.56%
Advance Auto Parts, Inc.	63,400		2,514,444
AMR Corp. *	535,500		5,258,610
Autoliv, Inc.	85,100		2,872,125
Best Buy Company, Inc.	214,100		8,028,750
Carnival Corp.	88,100		3,114,335
CEC Entertainment, Inc. *	39,500		1,311,400
Children's Place Retail Stores, Inc. *	5,300		176,755
McDonald's Corp.	168,000		10,365,600
New York & Company, Inc. *	3,600		34,344
NVR, Inc. *	2,000		1,144,000
Polo Ralph Lauren Corp., Class A	7,100		473,144
Southwest Airlines Company	96,500		1,400,215
Systemax, Inc. *	1,000		14,060
The Buckle, Inc.	12,700		705,358
True Religion Apparel, Inc. *	3,500		90,475
WABCO Holdings, Inc.	14,800		525,992
Wal-Mart Stores, Inc.	340,200		20,374,578
Yum! Brands, Inc.	154,600		5,041,506
			63,445,691
Consumer, Non-cyclical - 19.51%
Alliance Imaging, Inc. *	16,900		173,563
Alnylam Pharmaceuticals, Inc. *	22,900		662,955
Altria Group, Inc.	180,600		3,583,104
Amgen, Inc. *	21,900		1,298,013
Baxter International, Inc.	121,500		7,974,045
Centene Corp. *	39,500		810,145
Colgate-Palmolive Company	144,100		10,857,935
Cubist Pharmaceuticals, Inc. *	64,100		1,424,943
CV Therapeutics, Inc. *	66,000		712,800
Cypress Biosciences, Inc. *	136,000		999,600
Enzon Pharmaceuticals, Inc. *	54,200		399,996
Express Scripts, Inc. *	145,900		10,770,338
General Mills, Inc.	34,000		2,336,480
Genomic Health, Inc. *	4,700		106,455
Gilead Sciences, Inc. *	284,500		12,967,510
Health Management Associates, Inc., Class A *	195,000		811,200
Herbalife, Ltd.	182,100		7,196,592
Johnson & Johnson	14,900		1,032,272
Kinetic Concepts, Inc. * (a)	153,900		4,400,001

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

26

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Medicines Company *	41,500	$	963,630
Medicis Pharmaceutical Corp., Class A	57,800		861,798
Merck & Company, Inc.	166,500		5,254,740
Morningstar, Inc. *	4,900		271,803
Myriad Genetics, Inc. *	25,300		1,641,464
OSI Pharmaceuticals, Inc. *	37,300		1,838,517
Pfizer, Inc.	1,111,800		20,501,592
Philip Morris International, Inc.	284,200		13,670,020
POZEN, Inc. *	12,300		129,273
Procter & Gamble Company	64,900		4,522,881
Quidel Corp. *	64,300		1,055,163
St. Jude Medical, Inc. *	217,000		9,437,330
Sysco Corp.	359,900		11,095,717
The Kroger Company	341,600		9,387,168
United Rentals, Inc. *	328,200		5,001,768
Visa, Inc.	150,700		9,251,473
Vivus, Inc. *	32,500		258,050
			163,660,334
Diversified - 0.55%
Walter Industries, Inc.	97,600		4,631,120
Energy - 13.50%
Apache Corp.	91,900		9,583,332
Chevron Corp.	4,100		338,168
Cimarex Energy Company	196,800		9,625,488
Clayton Williams Energy, Inc. *	1,600		112,848
El Paso Corp.	85,000		1,084,600
Encore Aquisition Company *	161,300		6,739,114
Exxon Mobil Corp.	200,200		15,547,532
Hess Corp.	109,300		8,971,344
Mariner Energy, Inc. *	264,500		5,422,250
Murphy Oil Corp.	143,800		9,223,332
Noble Energy, Inc.	103,800		5,770,242
Occidental Petroleum Corp.	173,700		12,237,165
Plains Exploration & Production Company *	209,000		7,348,440
Rosetta Resources, Inc. *	15,800		290,088
Swift Energy Company *	31,600		1,222,604
Transocean, Inc. *	21,800		2,394,512
W&T Offshore, Inc.	223,900		6,110,231
Williams Companies, Inc.	477,500		11,292,875
			113,314,165
Financial - 11.43%
Aetna, Inc.	284,000		10,255,240
Allied World Assurance Holdings, Ltd.	50,600		1,797,312
Apartment Investment & Management
Company, Class A, REIT	7,391		258,833
Assurant, Inc.	46,600		2,563,000
Astoria Financial Corp.	93,900		1,946,547
BlackRock, Inc.	13,800		2,684,100
Boston Properties, Inc., REIT	10,300		964,698
Charles Schwab Corp.	426,900		11,099,400
Equity Residential, REIT	41,400		1,838,574
Goldman Sachs Group, Inc.	32,800		4,198,400
Hartford Financial Services Group, Inc.	22,100		905,879
Health Care, Inc., REIT	18,800		1,000,724
Hospitality Properties Trust, REIT	22,100		453,492

All Cap Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
JPMorgan Chase & Company	39,100	$	1,825,970
Liberty Property Trust, REIT	21,100		794,415
Nasdaq Stock Market, Inc. *	6,800		207,876
Northern Trust Corp.	159,500		11,515,900
PNC Financial Services Group, Inc.	154,000		11,503,800
Progressive Corp.	266,700		4,640,580
ProLogis, REIT	33,800		1,394,926
Prudential Financial, Inc.	38,000		2,736,000
Public Storage, Inc., REIT	3,600		356,436
Regency Centers Corp., REIT	17,300		1,153,737
Simon Property Group, Inc., REIT	34,700		3,365,900
State Street Corp.	186,900		10,630,872
U.S. Bancorp	89,700		3,230,994
Vornado Realty Trust, REIT	21,100		1,919,045
Waddell & Reed Financial, Inc., Class A	27,200		673,200
			95,915,850
Industrial - 10.84%
AGCO Corp. *	118,800		5,062,068
Brinks Company	101,900		6,217,938
Caterpillar, Inc.	31,000		1,847,600
CSX Corp.	63,900		3,487,023
Cummins, Inc.	97,200		4,249,584
EMCOR Group, Inc. *	12,800		336,896
Flowserve Corp.	78,500		6,968,445
Foster Wheeler, Ltd. *	107,000		3,863,770
Frontline, Ltd. (a)	163,000		7,835,410
Gardner Denver, Inc. *	49,300		1,711,696
General Dynamics Corp.	105,200		7,744,824
General Electric Company	223,300		5,694,150
GrafTech International, Ltd. *	44,800		676,928
Honeywell International, Inc.	290,700		12,078,585
Insteel Industries, Inc.	9,800		133,182
Jabil Circuit, Inc.	546,700		5,215,518
Kirby Corp. *	99,500		3,775,030
Manitowoc Company, Inc.	56,500		878,575
Multi-Fineline Electronix, Inc. *	24,800		366,792
Perini Corp. *	31,500		812,385
Ryder Systems, Inc.	172,300		10,682,600
Shaw Group, Inc. *	42,400		1,302,952
			90,941,951
Technology - 9.37%
Apple, Inc. *	106,500		12,104,790
Broadridge Financial Solutions, Inc.	87,100		1,340,469
Computer Sciences Corp. *	62,600		2,515,894
Hewlett-Packard Company	109,300		5,054,032
Intel Corp.	128,800		2,412,424
International Business Machines Corp.	186,300		21,789,648
Lexmark International, Inc. *	160,900		5,240,513
Microsoft Corp.	681,200		18,181,228
QLogic Corp. *	206,500		3,171,840
Volterra Semiconductor Corp. *	45,100		574,123
Western Digital Corp. *	294,300		6,274,476
			78,659,437
Utilities - 1.48%
Constellation Energy Group, Inc.	21,900		532,170

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

27

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Core Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
Edison International		195,600	$	7,804,440
Energen Corp.		21,700		982,576
FirstEnergy Corp.		42,600		2,853,774
Sempra Energy		4,300		217,021
				12,389,981
TOTAL COMMON STOCKS (Cost $868,087,125)			$	743,825,787
SHORT TERM INVESTMENTS - 1.99%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	8,717,395	$	8,717,395
U.S. Treasury Bills
zero coupon due 10/16/2008 ****		7,965,000		7,960,520
TOTAL SHORT TERM INVESTMENTS
(Cost $16,677,914)			$	16,677,915
REPURCHASE AGREEMENTS - 9.85%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$82,701,871 on 10/1/2008,
collateralized by $85,750,000
Federal Home Loan Mortgage
Corp., zero coupon due
03/31/2009 (valued at
$84,356,563, including interest)	$	82,699,000	$	82,699,000
TOTAL REPURCHASE AGREEMENTS
(Cost $82,699,000)			$	82,699,000
Total Investments (All Cap Core Trust)
(Cost $967,464,039) - 100.49%			$	843,202,702
Liabilities in Excess of Other Assets - (0.49)%				(4,139,068)
TOTAL NET ASSETS - 100.00%			$	839,063,634
All Cap Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.73%
Basic Materials - 8.59%
BHP Billiton, Ltd.		77,746 $		2,011,336
Companhia Vale Do Rio Doce, ADR *		59,042		1,130,654
Monsanto Company		58,221		5,762,715
Potash Corp. of Saskatchewan, Inc.		22,791		3,008,640
Rio Tinto PLC		45,039		2,826,616
The Mosaic Company		62,780		4,270,296
Titanium Metals Corp.		30,368		344,373
Xstrata PLC		86,807		2,705,305
				22,059,935
Communications - 5.19%
Amdocs, Ltd. *		39,372		1,078,005
China Mobile, Ltd.		171,147		1,714,495
Cisco Systems, Inc. *		165,560		3,735,034
Google, Inc., Class A *		2,882		1,154,299
KDDI Corp.		541		3,064,585

All Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Nokia Oyj, SADR	137,390	$	2,562,323
Nortel Networks Corp. *	8,023		17,971
			13,326,712
Consumer, Cyclical - 0.64%
BorgWarner, Inc.	20,392		668,246
NIKE, Inc., Class B	14,432		965,501
			1,633,747
Consumer, Non-cyclical - 32.87%
Accenture, Ltd., Class A	149,380		5,676,440
Avon Products, Inc.	6,770		281,429
Baxter International, Inc.	94,913		6,229,140
Becton, Dickinson & Company	56,628		4,544,963
Colgate-Palmolive Company	120,914		9,110,870
Express Scripts, Inc. *	41,946		3,096,454
Gilead Sciences, Inc. *	87,993		4,010,721
Hansen Natural Corp. * (a)	47,234		1,428,828
Johnson & Johnson	91,195		6,317,990
Kellogg Company	97,450		5,466,945
Morningstar, Inc. *	21,663		1,201,647
PepsiCo, Inc.	125,144		8,919,013
Procter & Gamble Company	123,799		8,627,552
Quest Diagnostics, Inc.	23,322		1,205,048
Shire, Ltd.	138,430		2,189,013
St. Jude Medical, Inc. *	91,773		3,991,208
The Coca-Cola Company	126,198		6,673,350
The Kroger Company	132,588		3,643,518
UST, Inc.	27,005		1,796,913
			84,411,042
Energy - 17.90%
Baker Hughes, Inc.	53,872		3,261,411
Cameron International Corp. *	78,091		3,009,627
CONSOL Energy, Inc.	76,588		3,514,623
Exxon Mobil Corp.	93,197		7,237,679
Marathon Oil Corp.	62,731		2,501,085
National Oilwell Varco, Inc. *	103,940		5,220,906
Occidental Petroleum Corp.	96,170		6,775,177
Peabody Energy Corp.	81,621		3,672,945
Schlumberger, Ltd.	48,737		3,805,872
Transocean, Inc. *	39,611		4,350,872
Valero Energy Corp.	86,723		2,627,707
			45,977,904
Financial - 3.87%
ACE, Ltd.	73,050		3,954,198
Assurant, Inc.	25,858		1,422,190
Chubb Corp.	83,107		4,562,574
			9,938,962
Industrial - 16.55%
ABB, Ltd. *	167,549		3,246,834
Chicago Bridge & Iron Company N.V.	28,669		551,592
Emerson Electric Company	34,746		1,417,289
Fanuc, Ltd.	14,000		1,053,245
Fluor Corp.	52,124		2,903,307
Foster Wheeler, Ltd. *	86,409		3,120,229
General Dynamics Corp.	33,252		2,448,012

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

28

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Honeywell International, Inc.		70,697	$	2,937,460
Jacobs Engineering Group, Inc. *		21,551		1,170,435
Joy Global, Inc.		30,537		1,378,440
Komatsu, Ltd.		74,570		1,220,823
Lockheed Martin Corp.		16,241		1,781,151
McDermott International, Inc. *		139,854		3,573,270
Mitsui O.S.K. Lines, Ltd.		179,000		1,555,215
Nippon Yusen Kabushiki Kaisha		258,000		1,681,801
Precision Castparts Corp.		35,349		2,784,794
Rockwell Collins, Inc.		36,567		1,758,507
Spirit Aerosystems Holdings, Inc., Class A *		184,485		2,964,674
United Technologies Corp.		82,451		4,952,007
				42,499,085
Technology - 9.12%
Adobe Systems, Inc. *		102,662		4,052,069
Apple, Inc. *		9,318		1,059,084
Autodesk, Inc. *		66,944		2,245,971
Cognizant Technology Solutions Corp.,
Class A *		47,696		1,088,900
Microsoft Corp.		316,845		8,456,593
Raytheon Company		95,396		5,104,640
Research In Motion, Ltd. *		9,275		633,482
Trimble Navigation, Ltd. *		29,721		768,585
				23,409,324
TOTAL COMMON STOCKS (Cost $275,117,689)			$	243,256,711
SHORT TERM INVESTMENTS - 0.52%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	1,351,884	$	1,351,884
TOTAL SHORT TERM INVESTMENTS
(Cost $1,351,884)			$	1,351,884
REPURCHASE AGREEMENTS - 6.18%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$15,864,551 on 10/1/2008,
collateralized by $14,745,000
Federal National Mortgage
Association, 5.625% due
07/15/2037 (valued at
$16,184,702, including interest)	$	15,864,000	$	15,864,000
TOTAL REPURCHASE AGREEMENTS
(Cost $15,864,000)			$	15,864,000
Total Investments (All Cap Growth Trust)
(Cost $292,333,573) - 101.43%			$	260,472,595
Liabilities in Excess of Other Assets - (1.43)%				(3,677,507)
TOTAL NET ASSETS - 100.00%			$	256,795,088

All Cap Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.70%
Basic Materials - 6.37%
Barrick Gold Corp.	44,445	$	1,632,909
Biogen Idec, Inc. *	29,000		1,458,410
Cabot Corp.	24,400		775,432
Carpenter Technology Corp.	21,600		554,040
Cytec Industries, Inc.	36,000		1,400,760
Eli Lilly & Company	14,300		629,629
			6,451,180
Communications - 4.09%
Anixter International, Inc. *	20,711		1,232,511
Corning, Inc.	92,800		1,451,392
McAfee, Inc. *	43,001		1,460,314
			4,144,217
Consumer, Cyclical - 11.37%
Autoliv, Inc.	42,900		1,447,875
Brinker International, Inc.	28,700		513,443
Costco Wholesale Corp.	29,900		1,941,407
Darden Restaurants, Inc.	30,500		873,215
Foot Locker, Inc.	25,800		416,928
Honda Motor Company, Ltd., ADR	29,200		879,212
Kohl's Corp. *	16,900		778,752
PACCAR, Inc.	19,900		759,981
Red Robin Gourmet Burgers, Inc. *	12,400		332,320
Sonic Automotive, Inc.	17,100		144,666
Sonic Corp. *	17,700		257,889
Southwest Airlines Company	63,200		917,032
Tenneco, Inc. *	45,800		486,854
VF Corp.	4,000		309,240
Wal-Mart Stores, Inc.	24,400		1,461,316
			11,520,130
Consumer, Non-cyclical - 23.60%
Abbott Laboratories	50,500		2,907,790
Amgen, Inc. *	44,000		2,607,880
Archer-Daniels-Midland Company	140,100		3,069,591
Brown Forman Corp., Class B	2,800		201,068
DaVita, Inc. *	42,500		2,422,925
Diageo PLC, SADR	8,600		592,196
Fossil, Inc. *	13,300		375,459
Medicines Company *	16,900		392,418
Onyx Pharmaceuticals, Inc. *	36,300		1,313,334
OSI Pharmaceuticals, Inc. *	24,400		1,202,676
PepsiCo, Inc.	9,721		692,816
Procter & Gamble Company	8,406		585,814
Schering-Plough Corp.	162,196		2,995,760
Smithfield Foods, Inc. *	30,700		487,516
The Kroger Company	84,466		2,321,126
Watson Pharmaceuticals, Inc. *	61,100		1,741,350
			23,909,719
Energy - 12.56%
BJ Services Company	73,800		1,411,794
Carbo Ceramics, Inc.	8,996		464,284
Chesapeake Energy Corp.	13,700		491,282
El Paso Corp.	94,800		1,209,648
EnCana Corp.	8,200		538,986
Exxon Mobil Corp.	29,009		2,252,839

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

29

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

All Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Forest Oil Corp. *	5,600	$	277,760
Halliburton Company	21,942		710,701
PetroHawk Energy Corp. *	57,100		1,235,073
Spectra Energy Corp.	60,200		1,432,760
Superior Energy Services, Inc. *	32,300		1,005,822
Williams Companies, Inc.	46,100		1,090,265
XTO Energy, Inc.	13,000		604,760
			12,725,974
Financial - 15.06%
Affiliated Managers Group, Inc. *	300		24,855
Aon Corp.	35,000		1,573,600
Bank of New York Mellon Corp.	66,723		2,173,835
Berkshire Hathaway, Inc., Class B *	286		1,256,970
Capital One Financial Corp.	17,300		882,300
Charles Schwab Corp.	11,800		306,800
Commerce Bancshares, Inc.	17,915		831,256
Cullen Frost Bankers, Inc.	42,365		2,541,900
Franklin Resources, Inc.	2,800		246,764
Goldman Sachs Group, Inc.	8,300		1,062,400
JPMorgan Chase & Company	66,100		3,086,870
PNC Financial Services Group, Inc.	3,500		261,450
Wells Fargo & Company	26,900		1,009,557
			15,258,557
Industrial - 20.89%
Alliant Techsystems, Inc. *	10,800		1,014,552
AptarGroup, Inc.	13,800		539,718
Ball Corp.	9,369		369,982
Bemis Company, Inc.	39,300		1,030,053
Bristow Group, Inc. *	9,500		321,480
Carlisle Companies, Inc.	63,546		1,904,474
Curtiss-Wright Corp.	3,000		136,350
Eaton Corp.	25,510		1,433,152
GATX Corp.	15,600		617,292
General Dynamics Corp.	23,600		1,737,432
Gentex Corp.	38,800		554,840
Heartland Express, Inc.	28,093		436,003
Hexcel Corp. *	16,200		221,778
Honeywell International, Inc.	22,100		918,255
IDEX Corp.	24,883		771,871
Ingersoll-Rand Company, Ltd., Class A	16,300		508,071
Intermec, Inc. *	3,200		62,848
ITT Corp.	27,600		1,534,836
Kennametal, Inc.	13,600		368,832
Nordson Corp.	1,700		83,487
Pactiv Corp. *	94,700		2,351,401
Parker-Hannifin Corp.	19,800		1,049,400
Quanex Building Products Corp.	26,239		399,882
Rockwell Collins, Inc.	6,700		322,203
Silgan Holdings, Inc.	1,400		71,526
Sonoco Products Company	23,300		691,544
Teleflex, Inc.	5,200		330,148
United Technologies Corp.	19,700		1,183,182
URS Corp. *	5,300		194,351
			21,158,943

All Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Utilities - 2.76%
The Southern Company		24,300	$	915,867
UGI Corp.		43,500		1,121,430
Wisconsin Energy Corp.		16,900		758,810
				2,796,107
TOTAL COMMON STOCKS (Cost $105,686,766)			$	97,964,827
REPURCHASE AGREEMENTS - 0.16%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$162,006 on 10/01/2008,
collateralized by $165,000 Federal
Home Loan Mortgage Corp.,
4.15% due 01/29/2013 (valued at
$165,455, including interest)	$	162,000	$	162,000
TOTAL REPURCHASE AGREEMENTS
(Cost $162,000)			$	162,000
Total Investments (All Cap Value Trust)
(Cost $105,848,766) - 96.86%			$	98,126,827
Other Assets in Excess of Liabilities - 3.14%				3,186,132
TOTAL NET ASSETS - 100.00%			$	101,312,959
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		56,269,419	$	842,353,208
TOTAL INVESTMENT COMPANIES (Cost $1,019,605,713)			$	842,353,208
Total Investments (American Asset Allocation Trust)
(Cost $1,019,605,713) - 100.00%			$	842,353,208
Liabilities in Excess of Other Assets - 0.00%				(25,269)
TOTAL NET ASSETS - 100.00%			$	842,327,939
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 1		15,192,645	$	131,872,157
TOTAL INVESTMENT COMPANIES (Cost $156,784,377)			$	131,872,157
Total Investments (American Blue Chip Income & Growth			$	131,872,157
Trust) (Cost $156,784,377) - 100.01%
Liabilities in Excess of Other Assets - (0.01)%				(17,974)
TOTAL NET ASSETS - 100.00%			$	131,854,183

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

30

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

American Bond Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Bond Fund - Class 1	80,423,337	$	833,990,005
TOTAL INVESTMENT COMPANIES (Cost $920,649,339)		$	833,990,005
Total Investments (American Bond Trust)
(Cost $920,649,339) - 100.00%		$	833,990,005
Liabilities in Excess of Other Assets - 0.00%			(30,444)
TOTAL NET ASSETS - 100.00%		$	833,959,561
American Diversified Growth & Income Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 101.24%
American Funds Insurance Series - 101.24%
American Asset Allocation Fund - Class 1	4,813	$	72,058
American Blue Chip Income & Growth Fund -
Class 1	13,038		113,171
American Bond Fund - Class 1	16,370		169,754
American Global Growth Fund - Class 1	3,819		68,391
American Global Small Capitalization Fund -
Class 1	954		15,499
American Growth Fund - Class 1	4,651		213,628
American Growth-Income Fund - Class 1	3,953		125,534
American High-Income Bond Fund - Class 1	3,530		36,884
American International Fund - Class 1	3,133		49,755
American New World Fund - Class 1	913		16,260
			880,934
TOTAL INVESTMENT COMPANIES (Cost $998,537)		$	880,934
Total Investments (American Diversified Growth & Income		$	880,934
Trust) (Cost $998,537) - 101.24%
Liabilities in Excess of Other Assets - (1.24)%			(10,777)
TOTAL NET ASSETS - 100.00%		$	870,157
American Fundamental Holdings Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Bond Fund - Class 1	18,374,214	$	190,540,602
American Growth Fund - Class 1	2,914,110		133,845,072
American Growth-Income Fund - Class 1	4,225,791		134,211,108
American International Fund - Class 1	5,057,122		80,307,091
			538,903,873
TOTAL INVESTMENT COMPANIES (Cost $642,814,463)		$	538,903,873
Total Investments (American Fundamental Holdings Trust)
(Cost $642,814,463) - 100.00%		$	538,903,873
Liabilities in Excess of Other Assets - 0.00%			(19,389)
TOTAL NET ASSETS - 100.00%		$	538,884,484

American Global Diversification Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Bond Fund - Class 1	13,072,804	$	135,564,979
American Global Growth Fund - Class 1	14,178,501		253,936,953
American Global Small Capitalization Fund -
Class 1	5,682,456		92,339,904
American High-Income Bond Fund - Class 1	3,915,099		40,912,785
American New World Fund - Class 1	3,240,467		57,712,713
			580,467,334
TOTAL INVESTMENT COMPANIES (Cost $721,043,717)		$	580,467,334
Total Investments (American Global Diversification Trust)
(Cost $721,043,717) - 100.00%		$	580,467,334
Liabilities in Excess of Other Assets - 0.00%			(24,069)
TOTAL NET ASSETS - 100.00%		$	580,443,265
American Global Growth Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.01%
American Funds Insurance Series - 100.01%
American Global Growth Fund - Class 1	10,889,540	$	195,031,657
TOTAL INVESTMENT COMPANIES (Cost $265,855,505)		$	195,031,657
Total Investments (American Global Growth Trust)
(Cost $265,855,505) - 100.01%		$	195,031,657
Liabilities in Excess of Other Assets - (0.01)%			(17,527)
TOTAL NET ASSETS - 100.00%		$	195,014,130
American Global Small Capitalization Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.02%
American Funds Insurance Series - 100.02%
American Global Small Capitalization Fund -
Class 1	4,128,029	$	67,080,465
TOTAL INVESTMENT COMPANIES (Cost $105,617,170)		$	67,080,465
Total Investments (American Global Small Capitalization		$	67,080,465
Trust) (Cost $105,617,170) - 100.02%
Liabilities in Excess of Other Assets - (0.02)%			(14,495)
TOTAL NET ASSETS - 100.00%		$	67,065,970

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

31

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

American Growth Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Growth Fund - Class 1	29,891,895	$	1,372,934,741
TOTAL INVESTMENT COMPANIES (Cost $1,685,455,509)		$	1,372,934,741
Total Investments (American Growth Trust)
(Cost $1,685,455,509) - 100.00%		$	1,372,934,741
Liabilities in Excess of Other Assets - 0.00%			(56,875)
TOTAL NET ASSETS - 100.00%		$	1,372,877,866
American Growth-Income Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American Growth-Income Fund - Class 1	34,701,421	$	1,102,117,142
TOTAL INVESTMENT COMPANIES (Cost $1,327,616,193)		$	1,102,117,142
Total Investments (American Growth-Income Trust)
(Cost $1,327,616,193) - 100.00%		$	1,102,117,142
Liabilities in Excess of Other Assets - 0.00%			(45,744)
TOTAL NET ASSETS - 100.00%		$	1,102,071,398
American High-Income Bond Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.03%
American Funds Insurance Series - 100.03%
American High-Income Bond Fund - Class 1	4,150,272	$	43,370,346
TOTAL INVESTMENT COMPANIES (Cost $50,360,918)		$	43,370,346
Total Investments (American High-Income Bond Trust)
(Cost $50,360,918) - 100.03%		$	43,370,346
Liabilities in Excess of Other Assets - (0.03)%			(14,443)
TOTAL NET ASSETS - 100.00%		$	43,355,903
American International Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
American Funds Insurance Series - 100.00%
American International Fund - Class 1	57,304,758	$	909,999,554
TOTAL INVESTMENT COMPANIES (Cost $1,101,528,559)		$	909,999,554
Total Investments (American International Trust)
(Cost $1,101,528,559) - 100.00%		$	909,999,554
Liabilities in Excess of Other Assets - 0.00%			(36,872)
TOTAL NET ASSETS - 100.00%		$	909,962,682

American New World Trust
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 100.02%
American Funds Insurance Series - 100.02%
American New World Fund - Class 1		3,292,488	$	58,639,218
TOTAL INVESTMENT COMPANIES (Cost $81,640,474)			$	58,639,218
Total Investments (American New World Trust)
(Cost $81,640,474) - 100.02%			$	58,639,218
Liabilities in Excess of Other Assets - (0.02)%				(14,286)
TOTAL NET ASSETS - 100.00%			$	58,624,932
Blue Chip Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.43%
Basic Materials - 4.85%
BHP Billiton, Ltd.		25,800	$	667,462
Freeport-McMoRan Copper & Gold, Inc.,
Class B	341,500			19,414,275
Monsanto Company	474,204			46,936,712
Nucor Corp.	170,700			6,742,650
Potash Corp. of Saskatchewan, Inc.	166,800			22,019,268
Praxair, Inc.	422,900			30,338,846
				126,119,213
Communications - 17.58%
Amazon.com, Inc. *	929,389			67,622,344
America Movil SA de CV, Series L, ADR	808,651			37,489,060
American Tower Corp., Class A *	1,041,338			37,456,928
AT&T, Inc.		51,200		1,429,504
Cisco Systems, Inc. *	1,416,518			31,956,646
Discovery Communications, Inc., Series A *	527,150			7,511,887
Discovery Communications, Inc., Series C *	256,750			3,635,580
eBay, Inc. *	659,678			14,763,594
Expedia, Inc. *	529,200			7,996,212
Google, Inc., Class A *	214,966			86,098,182
Juniper Networks, Inc. *	1,738,521			36,630,637
McAfee, Inc. *	479,400			16,280,424
McGraw-Hill Companies, Inc.	719,300			22,737,073
Metropcs Communications, Inc. *	243,950			3,412,861
Monster Worldwide, Inc. *	304,800			4,544,568
Nokia Oyj, SADR		25,728		479,827
Nortel Networks Corp. *		3,200		7,168
Omnicom Group, Inc.	387,100			14,926,576
QUALCOMM, Inc.	846,077			36,355,929
Shaw Communications, Inc.	222,600			4,525,458
Tencent Holdings, Ltd.	769,200			5,622,348
VeriSign, Inc. *	604,900			15,775,792
				457,258,598
Consumer, Cyclical - 9.39%
Bed Bath & Beyond, Inc. *	441,400			13,864,374
Coach, Inc. *	335,000			8,388,400
Costco Wholesale Corp.	220,500			14,317,065
CVS Caremark Corp.	874,367			29,431,193
Fastenal Company	186,100			9,191,479
International Game Technology	225,902			3,880,996

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

32

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Blue Chip Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Kohl's Corp. *	549,530	$	25,322,343
Las Vegas Sands Corp. * (a)	295,200		10,659,672
Marriott International, Inc., Class A	513,788		13,404,729
McDonald's Corp.	356,800		22,014,560
MGM Mirage, Inc. * (a)	363,490		10,359,465
Nintendo Company, Ltd.	67,700		28,716,562
Wal-Mart Stores, Inc.	649,264		38,884,421
Yum! Brands, Inc.	487,300		15,890,853
			244,326,112
Consumer, Non-cyclical - 22.81%
Accenture, Ltd., Class A	718,700		27,310,600
Alcon, Inc.	143,400		23,160,534
Allergan, Inc.	464,700		23,932,050
Amgen, Inc. *	179,700		10,650,819
Baxter International, Inc.	378,500		24,840,955
Becton, Dickinson & Company	166,500		13,363,290
Celgene Corp. *	664,900		42,074,872
Covidien, Ltd.	237,500		12,768,000
Express Scripts, Inc. *	287,200		21,201,104
Genentech, Inc. *	642,922		57,014,323
Gilead Sciences, Inc. *	1,211,962		55,241,228
Intuitive Surgical, Inc. *	33,400		8,048,732
McKesson Corp.	403,700		21,723,097
Medco Health Solutions, Inc. *	729,200		32,814,000
Medtronic, Inc.	821,644		41,164,364
Novartis AG	12,866		677,389
PepsiCo, Inc.	296,104		21,103,332
Procter & Gamble Company	56,437		3,933,094
Roche Holdings AG - Genusschein	105,923		16,581,378
Schering-Plough Corp.	180,200		3,328,294
St. Jude Medical, Inc. *	715,936		31,136,057
Stryker Corp.	498,379		31,049,012
Sysco Corp.	41,442		1,277,657
Teva Pharmaceutical Industries, Ltd., SADR	95,000		4,350,050
The Coca-Cola Company	41,300		2,183,944
Visa, Inc.	234,200		14,377,538
WellPoint, Inc. *	220,472		10,311,475
Western Union Company	744,500		18,366,815
Wyeth	524,954		19,391,801
			593,375,804
Energy - 9.50%
Baker Hughes, Inc.	349,259		21,144,140
Chevron Corp.	156,400		12,899,872
EOG Resources, Inc.	279,900		25,039,854
Exxon Mobil Corp.	534,038		41,473,391
Murphy Oil Corp.	2,558		164,070
Petroleo Brasileiro SA, SADR	331,800		12,415,956
Schlumberger, Ltd.	1,006,692		78,612,578
Smith International, Inc.	942,972		55,295,878
			247,045,739
Financial - 12.24%
Aetna, Inc.	721,148		26,040,654
American Express Company	25,752		912,393
Ameriprise Financial, Inc.	568,351		21,711,008
Bank of New York Mellon Corp.	386,261		12,584,383

Blue Chip Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
BlackRock, Inc.	56,000	$	10,892,000
Charles Schwab Corp.	602,686		15,669,836
Citigroup, Inc.	513,500		10,531,885
CME Group, Inc.	42,850		15,919,204
Credit Suisse Group, SADR	70,600		3,408,568
Franklin Resources, Inc.	478,665		42,184,747
Goldman Sachs Group, Inc.	272,176		34,838,528
Humana, Inc. *	402,700		16,591,240
IntercontinentalExchange, Inc. *	134,400		10,843,392
Merrill Lynch & Company, Inc.	206,690		5,229,257
Morgan Stanley	708,000		16,284,000
Northern Trust Corp.	387,989		28,012,806
Prudential Financial, Inc.	64,200		4,622,400
State Street Corp.	738,271		41,992,855
			318,269,156
Industrial - 7.68%
Danaher Corp.	1,084,463		75,261,732
Deere & Company	79,600		3,940,200
Expeditors International of Washington, Inc.	164,400		5,727,696
FMC Technologies, Inc. *	95,000		4,422,250
Foster Wheeler, Ltd. *	10,300		371,933
General Dynamics Corp.	359,474		26,464,476
General Electric Company	179,702		4,582,401
Illinois Tool Works, Inc.	269,074		11,960,339
Joy Global, Inc.	190,700		8,608,198
Lockheed Martin Corp.	174,600		19,148,382
McDermott International, Inc. *	102,700		2,623,985
Rockwell Collins, Inc.	51,499		2,476,587
Sunpower Corp., Class B *	7,500		517,875
Thermo Fisher Scientific, Inc. *	93,400		5,137,000
Tyco Electronics, Ltd.	77,400		2,140,884
Tyco International, Ltd.	448,700		15,713,474
Union Pacific Corp.	118,100		8,403,996
United Technologies Corp.	37,300		2,240,238
			199,741,646
Technology - 15.38%
Adobe Systems, Inc. *	373,675		14,748,952
Altera Corp.	181,000		3,743,080
Apple, Inc. *	566,500		64,388,390
Autodesk, Inc. *	531,500		17,831,825
Automatic Data Processing, Inc.	875,433		37,424,761
Broadcom Corp., Class A *	257,200		4,791,636
Dell, Inc. *	794,573		13,094,563
Electronic Arts, Inc. *	603,114		22,309,187
EMC Corp. *	603,252		7,214,894
Fiserv, Inc. *	438,400		20,745,088
Hewlett-Packard Company	613,600		28,372,864
Intel Corp.	985,092		18,450,773
Intuit, Inc. *	293,722		9,284,553
Marvell Technology Group, Ltd. *	2,182,610		20,298,273
MasterCard, Inc., Class A	70,800		12,554,964
Microsoft Corp.	2,602,844		69,469,906
Oracle Corp. *	512,662		10,412,165

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

33

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Blue Chip Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Xilinx, Inc.		1,058,325	$	24,817,721
				399,953,595
TOTAL COMMON STOCKS (Cost $2,655,208,816)			$	2,586,089,863
SHORT TERM INVESTMENTS - 0.99%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	16,461,669	$	16,461,669
T. Rowe Price Reserve Investment Fund,
2.7528%		9,250,420		9,250,420
TOTAL SHORT TERM INVESTMENTS
(Cost $25,712,089)			$	25,712,089
REPURCHASE AGREEMENTS - 0.08%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$2,000,069 on 10/01/2008,
collateralized by $2,020,000
Federal Home Loan Bank, 3.75%
due 08/18/2009 (valued at
$2,040,200, 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 $2,682,920,905) - 100.50%			$	2,613,801,952
Liabilities in Excess of Other Assets - (0.50)%				(12,916,264)
TOTAL NET ASSETS - 100.00%			$	2,600,885,688
Capital Appreciation Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.09%
Basic Materials - 3.35%
Monsanto Company		352,200	$	34,860,756
Communications - 15.22%
Amazon.com, Inc. * (a)		414,600		30,166,296
Cisco Systems, Inc. *		1,576,865		35,574,074
Google, Inc., Class A *		104,307		41,777,040
Nokia Oyj, SADR		157,900		2,944,835
QUALCOMM, Inc.		709,300		30,478,621
Walt Disney Company		576,300		17,686,647
				158,627,513
Consumer, Cyclical - 9.44%
Costco Wholesale Corp.		324,800		21,089,264
CVS Caremark Corp.		650,100		21,882,366
Marriott International, Inc., Class A		209,300		5,460,637
NIKE, Inc., Class B		255,408		17,086,795
Wal-Mart Stores, Inc.		549,200		32,891,588
				98,410,650
Consumer, Non-cyclical - 34.72%
Abbott Laboratories		548,200		31,565,356
Alcon, Inc.		187,581		30,296,207

Capital Appreciation Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Baxter International, Inc.		491,200	$	32,237,456
Celgene Corp. *		339,300		21,470,904
Colgate-Palmolive Company		360,300		27,148,605
Genentech, Inc. *		340,069		30,157,319
Gilead Sciences, Inc. *		1,056,628		48,161,104
Medco Health Solutions, Inc. *		380,000		17,100,000
Mylan, Inc. *		560,900		6,405,478
PepsiCo, Inc.		454,965		32,425,356
Shire Pharmaceuticals Group PLC, ADR		135,800		6,484,450
Teva Pharmaceutical Industries, Ltd., SADR		565,800		25,907,982
The Coca-Cola Company		207,500		10,972,600
Visa, Inc.		415,900		25,532,101
Wyeth		433,200		16,002,408
				361,867,326
Energy - 7.46%
Halliburton Company		466,000		15,093,740
Occidental Petroleum Corp.		177,700		12,518,965
Schlumberger, Ltd.		449,606		35,109,732
Southwestern Energy Company *		493,300		15,065,382
				77,787,819
Financial - 5.79%
Charles Schwab Corp.		1,145,069		29,771,794
Goldman Sachs Group, Inc.		125,090		16,011,520
JPMorgan Chase & Company		181,600		8,480,720
Lazard, Ltd., Class A		142,000		6,071,920
				60,335,954
Industrial - 7.50%
ABB, Ltd., SADR		675,500		13,104,700
Lockheed Martin Corp.		123,400		13,533,278
McDermott International, Inc. *		307,000		7,843,850
Thermo Fisher Scientific, Inc. *		410,200		22,561,000
United Technologies Corp.		351,100		21,087,066
				78,129,894
Technology - 15.61%
Adobe Systems, Inc. *		629,785		24,857,614
Apple, Inc. *		166,544		18,929,391
First Solar, Inc. *		58,400		11,032,344
Hewlett-Packard Company		754,200		34,874,208
Infosys Technologies, Ltd., ADR		542,500		18,070,675
Microsoft Corp.		682,069		18,204,422
NVIDIA Corp. *		709,700		7,600,887
Raytheon Company		308,000		16,481,080
Research In Motion, Ltd. *		184,500		12,601,350
				162,651,971
TOTAL COMMON STOCKS (Cost $1,080,693,436)			$	1,032,671,883
SHORT TERM INVESTMENTS - 1.14%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	11,831,373	$	11,831,373
TOTAL SHORT TERM INVESTMENTS
(Cost $11,831,373)			$	11,831,373

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

34

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Capital Appreciation Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.84%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$8,768,304 on 10/01/2008,
collateralized by $8,920,000
Federal Home Loan Mortgage
Corp., 4.15% due 01/29/2013
(valued at $8,944,619, including
interest)	$	8,768,000	$	8,768,000
TOTAL REPURCHASE AGREEMENTS
(Cost $8,768,000)			$	8,768,000
Total Investments (Capital Appreciation Trust)
(Cost $1,101,292,809) - 101.07%			$	1,053,271,256
Liabilities in Excess of Other Assets - (1.07)%				(11,118,508)
TOTAL NET ASSETS - 100.00%			$	1,042,152,748
Capital Appreciation Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 68.22%
Basic Materials - 0.91%
International Paper Company		30,400	$	795,872
Communications - 8.43%
AT&T, Inc.		72,500		2,024,200
Cablevision Systems Corp., Class A		52,900		1,330,964
DISH Network Corp. *		12,000		252,000
Sprint Nextel Corp.		166,200		1,013,820
Time Warner Cable, Inc. *		8,900		215,380
Time Warner, Inc.		194,200		2,545,962
				7,382,326
Consumer, Cyclical - 7.54%
Home Depot, Inc.		4,100		106,149
Kohl's Corp. *		13,600		626,688
Lowe's Companies, Inc.		16,000		379,040
Marriott International, Inc., Class A		27,000		704,430
Marubeni Corp.		62,000		281,045
Mitsubishi Corp.		35,700		744,707
Mitsui & Company, Ltd.		21,000		260,701
Newell Rubbermaid, Inc.		54,100		933,766
The TJX Companies, Inc.		25,400		775,208
TRW Automotive Holdings Corp. *		21,300		338,883
WABCO Holdings, Inc.		15,500		550,870
Wal-Mart Stores, Inc.		15,000		898,350
				6,599,837
Consumer, Non-cyclical - 12.22%
Allergan, Inc.		6,700		345,050
Anheuser-Busch Companies, Inc.		9,400		609,872
Baxter International, Inc.		17,000		1,115,710
Cardinal Health, Inc.		13,200		650,496
Covidien, Ltd.		35,600		1,913,856
Fortune Brands, Inc.		11,500		659,640
General Mills, Inc.		19,400		1,333,168
H & R Block, Inc.		50,100		1,139,775

Capital Appreciation Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Henry Schein, Inc. *	4,000	$	215,360
Millipore Corp. *	2,600		178,880
Procter & Gamble Company	800		55,752
WellPoint, Inc. *	4,100		191,757
Western Union Company	54,600		1,346,982
Wyeth	25,600		945,664
			10,701,962
Energy - 8.71%
CNX Gas Corp. *	25,300		566,467
Exxon Mobil Corp.	30,100		2,337,566
Japan Petroleum Exploration Company, Ltd.	3,300		169,399
Murphy Oil Corp.	13,100		840,234
Oil States International, Inc. *	15,600		551,460
Royal Dutch Shell PLC, ADR	18,600		1,097,586
Schlumberger, Ltd.	7,700		601,293
Spectra Energy Corp.	17,600		418,880
Sunoco, Inc.	13,200		469,656
Total SA, ADR	9,400		570,392
			7,622,933
Financial - 9.47%
Ameriprise Financial, Inc.	43,900		1,676,980
Aon Corp.	29,300		1,317,328
CIGNA Corp.	5,000		169,900
Citigroup, Inc.	27,900		572,229
First Horizon National Corp.	7,902		73,963
Goldman Sachs Group, Inc.	1,500		192,000
Invesco, Ltd.	8,300		174,134
Lazard, Ltd., Class A	19,900		850,924
Merrill Lynch & Company, Inc.	10,000		253,000
MetLife, Inc.	6,700		375,200
State Street Corp.	14,800		841,824
The St. Joe Company *	11,800		461,262
White Mountains Insurance Group, Ltd.	2,840		1,334,090
			8,292,834
Industrial - 10.56%
3M Company	5,500		375,705
Actuant Corp., Class A	100		2,524
Danaher Corp.	34,400		2,387,360
General Electric Company	16,800		428,400
Honeywell International, Inc.	2,000		83,100
Illinois Tool Works, Inc.	30,900		1,373,505
ITT Corp.	9,000		500,490
Tyco Electronics, Ltd.	95,400		2,638,764
Tyco International, Ltd.	41,700		1,460,334
			9,250,182
Technology - 4.84%
Analog Devices, Inc.	22,800		600,780
Dell, Inc. *	55,700		917,936
Microsoft Corp.	31,600		843,404
Texas Instruments, Inc.	41,900		900,850
Xilinx, Inc.	41,600		975,520
			4,238,490
Utilities - 5.54%
Dynegy, Inc., Class A *	30,600		109,548

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

35

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Capital Appreciation Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
Entergy Corp.	1,100	$	97,911
PG&E Corp.	26,600		996,170
PPL Corp.	36,000		1,332,720
Public Service Enterprise Group, Inc.	8,400		275,436
Sempra Energy	25,000		1,261,750
Xcel Energy, Inc.	39,000		779,610
			4,853,145
TOTAL COMMON STOCKS (Cost $63,996,713)		$	59,737,581
PREFERRED STOCKS - 3.40%
Communications - 0.05%
Crown Castle International Corp., 6.25% *	732		33,306
Lucent Technologies Capital Trust I, 7.75% *	42		16,380
			49,686
Financial - 3.19%
Affiliated Managers Group, Inc., 5.10% *	560		22,120
Aspen Insurance Holdings, Ltd., Series AHL,
5.625% *	1,000		47,000
Bank of America Corp., Series L, 7.25% *	3,199		2,680,763
CIT Group, Inc., Series C, 8.75% *	74		2,437
Citigroup, Inc., Series T, 6.50% *	941		38,581
			2,790,901
Utilities - 0.16%
NRG Energy, Inc., 4.00% *	112		140,316
TOTAL PREFERRED STOCKS (Cost $3,232,703)		$	2,980,903
TERM LOANS - 6.93%
Basic Materials - 0.27%
Georgia Pacific Corp., Tranche A
4.96% due 12/20/2010	250,000		236,875
Communications - 1.89%
CSC Holdings, Inc.
4.2138% due 05/02/2014 (b)	500,000		452,500
CSC Holdings, Inc., Tranche A 1
8.125% due 07/15/2009	500,000		476,250
Lamar Media Corp., Tranche F
4.716% due 03/31/2014	250,000		235,000
Weather Channel, Tranche B Bankdebt
7.0875% due 07/25/2015	500,000		492,915
			1,656,665
Consumer, Cyclical - 2.51%
MGM Mirage, Inc. Tranche B
4.01% due 03/11/2011	2,500,000		2,193,750
Consumer, Non-cyclical - 2.26%
Boston Scientific Corp., Tranche B Bankdebt
3.6063% due 04/21/2011	250,000		235,625
Fresenius SE, Tranche B Bankdebt
7.2619% due 08/22/2014	250,000		245,000
Invitrogen Corp., Tranche B
6.21% due 06/11/2015	250,000		245,000

Capital Appreciation Value Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Consumer, Non-cyclical (continued)
William Wrigley Jr. Company, Tranche B Bankdebt
4.30% due 07/15/2010	$	1,250,000	$	1,256,250
				1,981,875
TOTAL TERM LOANS (Cost $6,145,635)			$	6,069,165
U.S. GOVERNMENT AGENCY OBLIGATIONS - 1.16%
Government National Mortgage
Association - 1.16%
6.00% due 07/20/2038 to 09/20/2038		1,000,000		1,011,992
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $1,002,289)			$	1,011,992
CORPORATE BONDS - 11.25%
Basic Materials - 0.31%
Freeport-McMoRan Copper & Gold, Inc.
5.8825% due 04/01/2015 (b)		75,000		71,842
International Paper Company
7.40% due 06/15/2014		5,000		5,008
Newmont Mining Corp.
1.25% due 07/15/2014		105,000		108,438
1.625% due 07/15/2017		83,000		84,667
				269,955
Communications - 3.04%
Cablevision Systems Corp., Series B
7.1325% due 04/01/2009 (b)		15,000		14,813
CSC Holdings, Inc., Series B
7.625% due 04/01/2011		15,000		14,400
JDS Uniphase Corp.
1.00% due 05/15/2026		486,000		328,351
Liberty Media LLC
3.125% due 03/30/2023		208,000		188,822
Lucent Technologies, Inc., Series A
2.875% due 06/15/2023		38,000		33,241
Sprint Capital Corp.
6.90% due 05/01/2019		25,000		19,375
8.375% due 03/15/2012		125,000		112,500
Time Warner, Inc.
3.0338% due 11/13/2009 (b)		1,715,000		1,646,563
Viacom, Inc.
5.75% due 04/30/2011		313,000		304,076
				2,662,141
Consumer, Cyclical - 1.47%
Group 1 Automotive, Inc.
2.25% due 06/15/2036		991,000		584,769
Home Depot, Inc.
5.20% due 03/01/2011		205,000		199,698
MGM Mirage, Inc.
6.00% due 10/01/2009		60,000		56,100
8.50% due 09/15/2010		22,000		20,240
Penske Auto Group, Inc.
3.50% due 04/01/2026		480,000		410,400
United Auto Group, Inc.
7.75% due 12/15/2016		20,000		14,300
				1,285,507

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

36

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Capital Appreciation Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical - 4.64%
Allergan, Inc.
1.50% due 04/01/2026	$	109,000	$	112,815
Henry Schein, Inc.
3.00% due 08/15/2034		611,000		746,275
Kraft Foods, Inc.
4.125% due 11/12/2009		20,000		19,852
6.25% due 06/01/2012		100,000		100,524
Medtronic, Inc.
1.50% due 04/15/2011		512,000		509,440
Millipore Corp.
3.75% due 06/01/2026		705,000		663,592
The Kroger Company
6.80% due 04/01/2011		1,840,000		1,894,613
Valeant Pharmaceuticals International
4.00% due 11/15/2013		16,000		14,646
				4,061,757
Financial - 0.72%
General Growth Properties, Inc.
3.98% due 04/15/2027 (g)		21,000		12,446
Host Hotels & Resorts LP
2.625% due 04/15/2027 (g)		776,000		601,400
Marsh & McLennan Companies, Inc.
7.125% due 06/15/2009		15,000		15,056
				628,902
Industrial - 0.01%
Allied Waste North America, Inc.
4.25% due 04/15/2034		7,000		6,560
Technology - 1.06%
Linear Technology Corp., Series A
3.00% due 05/01/2027		1,092,000		927,381
Utilities - 0.00%
CILCORP, Inc.
8.70% due 10/15/2009		5,000		5,287
TOTAL CORPORATE BONDS (Cost $10,305,008)			$	9,847,490
CONVERTIBLE BONDS - 1.12%
Communications - 0.02%
Lucent Technologies, Inc., Series B
2.75% due 06/15/2025		22,000		15,281
Energy - 0.45%
Peabody Energy Corp.
4.75% due 12/15/2041		428,000		391,246
Technology - 0.65%
Xilinx, Inc.
3.125% due 03/15/2037		700,000		572,285
TOTAL CONVERTIBLE BONDS (Cost $1,091,948)			$	978,812
OPTIONS - 0.00%
Other - 0.00%
Johnson & Johnson
Expiration 01/16/2010 at $65.00 *		100		830
Wellpoint, Inc.
Expiration 01/16/2010 at $50.00 *		100		780

Capital Appreciation Value Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
Other (continued)
Wellpoint, Inc. (continued)
Expiration 01/17/2009 at $55.00 *		200	$	330
				1,940
TOTAL OPTIONS (Cost $2,902)			$	1,940
SHORT TERM INVESTMENTS - 14.89%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	29,131	$	29,131
T. Rowe Price Reserve Investment Fund,
2.7528%		13,012,474		13,012,474
TOTAL SHORT TERM INVESTMENTS
(Cost $13,041,605)			$	13,041,605
REPURCHASE AGREEMENTS - 2.21%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$1,932,067 on 10/01/2008,
collateralized by $1,975,000
Federal Home Loan Bank, 2.399%
due 01/13/2010 (valued at
$1,973,025, including interest)	$	1,932,000	$	1,932,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,932,000)			$	1,932,000
Total Investments (Capital Appreciation Value Trust)
(Cost $100,750,803) - 109.18%			$	95,601,488
Liabilities in Excess of Other Assets - (9.18)%				(8,035,434)
TOTAL NET ASSETS - 100.00%			$	87,566,054
Classic Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.51%
Communications - 6.32%
Alcatel SA, SADR *		398,386	$	1,529,802
Motorola, Inc.		147,300		1,051,722
				2,581,524
Consumer, Cyclical - 14.73%
Home Depot, Inc.		55,225		1,429,775
J.C. Penney Company, Inc.		33,925		1,131,060
Kohl's Corp. *		11,325		521,856
Magna International, Inc., Class A		20,225		1,035,318
Mattel, Inc.		40,950		738,738
Whirlpool Corp.		14,700		1,165,563
				6,022,310
Consumer, Non-cyclical - 19.33%
AmerisourceBergen Corp.		33,675		1,267,864
Amgen, Inc. *		14,075		834,225
Bristol-Myers Squibb Company		52,425		1,093,061
Johnson & Johnson		15,875		1,099,820
Kimberly-Clark Corp.		10,875		705,135
Kraft Foods, Inc., Class A		21,825		714,769

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

37

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Classic Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Merck & Company, Inc.		26,775	$	845,019
Sara Lee Corp.		71,750		906,202
Schering-Plough Corp.		23,525		434,507
				7,900,602
Energy - 1.61%
BP PLC, SADR		13,100		657,227
Financial - 35.37%
Allstate Corp.		40,750		1,879,390
Bank of America Corp.		53,850		1,884,750
Capital One Financial Corp.		44,025		2,245,275
Citigroup, Inc.		110,300		2,262,253
Comerica, Inc.		23,950		785,320
Federal Home Loan Mortgage Corp.		86,150		147,317
Federal National Mortgage Association		50,125		76,691
Fidelity National Financial, Inc., Class A		49,442		726,797
JPMorgan Chase & Company		39,750		1,856,325
Morgan Stanley		22,575		519,225
National City Corp.		189,183		331,070
Torchmark Corp.		22,525		1,346,995
Wachovia Corp.		106,875		374,063
XL Capital, Ltd., Class A		1,000		17,940
				14,453,411
Industrial - 4.21%
Northrop Grumman Corp.		24,175		1,463,555
Tyco International, Ltd.		7,406		259,358
				1,722,913
Technology - 11.70%
Affiliated Computer Services, Inc., Class A *		17,350		878,430
CA, Inc.		68,275		1,362,769
L-3 Communications Holdings, Inc.		9,300		914,376
Microsoft Corp.		60,875		1,624,754
				4,780,329
Utilities - 4.24%
Sempra Energy		18,050		910,983
Wisconsin Energy Corp.		18,275		820,548
				1,731,531
TOTAL COMMON STOCKS (Cost $56,842,215)			$	39,849,847
REPURCHASE AGREEMENTS - 1.96%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$800,028 on 10/01/2008,
collateralized by $815,000 Federal
Home Loan Bank, 2.275% due
04/24/2009 (valued at $820,094,
including interest)	$	800,000	$	800,000
TOTAL REPURCHASE AGREEMENTS
(Cost $800,000)			$	800,000
Total Investments (Classic Value Trust)
(Cost $57,642,215) - 99.47%			$	40,649,847
Other Assets in Excess of Liabilities - 0.53%				215,002
TOTAL NET ASSETS - 100.00%			$	40,864,849

Core Allocation Plus Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 48.24%
Basic Materials - 5.01%
Agrium, Inc.	1,500	$	83,862
Agrium, Inc.	150		8,412
Alcoa, Inc.	7,960		179,737
Alumina, Ltd.	15,319		38,624
Angang New Steel Company, Ltd., Class H	8,000		7,420
Anglo Platinum, Ltd.	648		59,089
Aracruz Celulose SA, SADR	500		18,355
ArcelorMittal	2,475		122,216
BHP Billiton, Ltd., SADR	700		36,393
BHP Billiton, Ltd.	1,559		40,332
Cameco Corp.	6,020		134,306
CF Industries Holdings, Inc.	400		36,584
Cliffs Natural Resources, Inc.	600		31,764
Companhia Vale Do Rio Doce, ADR	5,200		99,580
Eli Lilly & Company	3,420		150,583
Energy Resources of Australia, Ltd.	2,173		29,563
Eurasian Natural Resources Corp.	5,235		47,670
Freeport-McMoRan Copper & Gold, Inc.,
Class B	825		46,901
Gold Fields, Ltd., SADR	5,900		56,581
JSW Steel, Ltd.	5,975		61,036
Kuala Lumpur Kepong BHD	4,800		13,469
Makhteshim-Agam Industries, Ltd.	3,386		21,339
Monsanto Company	1,750		173,215
Paladin Resources, Ltd. *	9,231		28,529
Potash Corp. of Saskatchewan, Inc.	1,700		220,389
Potash Corp. of Saskatchewan, Inc.	350		46,204
Rhodia SA	872		13,626
Shin-Etsu Chemical Company, Ltd.	1,500		71,326
Sinofert Holdings, Ltd.	52,000		26,214
Sinopec Shanghai Petrochemical
Company, Ltd., Class H	22,000		4,894
Syngenta AG	470		99,115
Teck Cominco, Ltd.	2,000		56,791
The Mosaic Company	675		45,914
United States Steel Corp.	510		39,581
Uralkali	100		3,165
Uranium One, Inc. *	9,960		21,525
			2,174,304
Communications - 5.03%
Alcatel-Lucent, SADR *	13,400		51,456
China Mobile, Ltd.	11,000		110,194
China Netcom Group Corp Hong Kong, Ltd.	15,500		34,324
China Telecom Corp., Ltd. - Hong Kong
Exchange	98,000		40,219
Cisco Systems, Inc. *	14,940		337,046
Comcast Corp., Class A	10,590		207,882
Comverse Technology, Inc. *	13,700		131,109
Corning, Inc.	3,900		60,996
Ctrip.com International, Ltd., ADR	700		27,027
Google, Inc., Class A *	220		88,114
MCOT PCL	36,300		21,227
Metropcs Communications, Inc. *	5,750		80,443
ModusLink Global Solutions, Inc. *	4,000		38,440
Monster Worldwide, Inc. *	5,610		83,645

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

38

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
NHN Corp. *	426	$	54,644
Nokia Oyj, SADR	5,900		110,035
QUALCOMM, Inc.	1,800		77,346
Scripps Networks Interactive, Inc., Class A	990		35,947
Shanda Interactive Entertainment Ltd *	1,200		30,660
SINA Corp. *	3,100		109,120
Sonus Networks, Inc. *	20,500		59,040
Thinkorswim Group, Inc. *	15,300		127,449
Thomson Reuters PLC	2,504		55,952
Time Warner, Inc.	9,110		119,432
Viacom, Inc., Class B *	3,710		92,156
			2,183,903
Consumer, Cyclical - 4.97%
BorgWarner, Inc.	300		9,831
Carter's, Inc. *	6,400		126,272
China Dongxiang Group Company	33,000		9,508
Daphne International Holdings, Ltd.	20,000		8,789
Delta Air Lines, Inc. *	13,370		99,606
Don Quijote Company, Ltd.	5,400		96,584
Dongfeng Motor Group Company, Ltd.	24,000		8,833
DreamWorks Animation SKG, Inc., Class A *	2,500		78,625
Dufry Group	901		41,636
Ford Motor Company *	13,987		72,732
Genius Products, Inc. *	8,400		1,008
Home Depot, Inc.	2,100		54,369
Honda Motor Company, Ltd.	1,050		31,849
Kohl's Corp. *	3,190		146,995
Limited Brands, Inc.	12,500		216,500
Lotte Shopping Company, Ltd.	84		19,110
Lotte Shopping Company, Ltd.	1,300		14,300
Lowe's Companies, Inc.	4,750		112,528
Mattel, Inc.	11,800		212,872
Mitsui & Company, Ltd.	4,000		49,657
Nintendo Company, Ltd.	200		84,835
Nordstrom, Inc.	3,060		88,189
Nu Skin Enterprises, Inc., Class A	4,100		66,502
Penske Auto Group, Inc.	2,000		22,940
Persimmon PLC	13,206		96,090
Ports Design, Ltd.	11,500		21,063
PSA Peugeot Citroen SA	770		28,980
Staples, Inc.	5,550		124,875
TRW Automotive Holdings Corp. *	3,500		55,685
Walgreen Company	2,770		85,759
Wal-Mart Stores, Inc.	800		47,912
Weichai Power Company, Ltd.	1,000		3,826
Weiqiao Textile Company, Ltd.	34,000		16,681
			2,154,941
Consumer, Non-cyclical - 7.37%
Accenture, Ltd., Class A	1,590		60,420
Acco Brands Corp. *	4,500		33,930
Archer-Daniels-Midland Company	2,100		46,011
Astellas Pharmaceuticals, Inc.	630		26,472
AstraZeneca Group PLC	1,097		48,004
AstraZeneca PLC, SADR	2,300		100,924
Bunge, Ltd.	1,200		75,816

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Chaoda Modern Agriculture Holdings, Ltd.	32,000	$	27,027
China Mengniu Dairy Company, Ltd.	12,000		12,450
Cosan SA Industria e Comercio *	4,100		27,363
Daiichi Sankyo Company, Ltd.	710		18,294
Dean Foods Company *	1,200		28,032
Eisai Company, Ltd.	700		27,335
Elan Corp. PLC, SADR *	12,360		131,881
Golden Agri-Resources, Ltd.	52,000		11,594
H & R Block, Inc.	2,900		65,975
Health Net, Inc. *	600		14,160
Healthsouth Corp. *	9,195		169,464
Hengan International Group Company, Ltd.,
GDR	18,000		51,224
Hertz Global Holdings, Inc. *	3,200		24,224
Hormel Foods Corp.	200		7,256
Japan Tobacco, Inc.	28		105,534
Marfrig Frigorificos e Comercio de Alimentos
SA	3,100		28,656
Medtronic, Inc.	3,665		183,616
Merck & Company, Inc.	2,250		71,010
Nestle SA	978		42,267
Pan Fish ASA *	64,000		31,937
People's Food Holdings, Ltd.	108,000		36,112
PepsiCo, Inc.	2,450		174,611
Perdigao SA *	900		17,216
Procter & Gamble Company	2,240		156,106
Safeway, Inc.	4,200		99,624
Sanofi-Aventis, ADR	2,800		92,036
Schering-Plough Corp.	8,640		159,581
Shandong Weigao Group Medical Polymer
Company, Ltd.	4,000		6,004
Shionogi & Company, Ltd.	2,700		54,687
SUPERVALU, Inc.	3,070		66,619
Tyson Foods, Inc., Class A	950		11,343
UCB SA	2,887		102,573
Unilever NV	1,281		36,059
Unilever NV	1,300		36,608
UnitedHealth Group, Inc.	10,290		261,263
Vertex Pharmaceuticals, Inc. *	1,620		53,849
Western Union Company	5,720		141,112
Wilmar International, Ltd.	12,000		21,281
Wyeth	5,440		200,954
			3,198,514
Diversified - 0.29%
Beijing Enterprises Holdings, Ltd.	13,000		49,514
China Resources Enterprises, Ltd.	30,000		73,252
Melco International Development	11,000		3,116
			125,882
Energy - 7.12%
Baker Hughes, Inc.	300		18,162
BG Group PLC	3,197		57,981
BP PLC	3,355		27,941
Canadian Natural Resources, Ltd.	700		48,015
Canadian Natural Resources, Ltd.	1,740		119,120
Canadian Oil Sands Trust	600		21,852
Chesapeake Energy Corp.	2,645		94,850

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

39

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Chevron Corp.	650	$	53,612
China Oilfield Services, Ltd., H Shares - Hong
Kong Exchange	8,000		7,412
China Shenhua Energy Company, Ltd. - Hong
Kong Exchange	13,000		31,888
CNOOC, Ltd.	60,000		67,404
ConocoPhillips	800		58,600
CONSOL Energy, Inc.	1,280		58,739
Covanta Holding Corp. *	1,200		28,728
EnCana Corp.	885		58,171
EnCana Corp.	500		31,929
Eni SpA	1,219		32,311
EOG Resources, Inc.	1,100		98,406
Equitable Resources, Inc.	300		11,004
Exxon Mobil Corp.	4,535		352,188
Halliburton Company	600		19,434
Hess Corp.	2,460		201,917
LDK Solar Company, Ltd., ADR *	300		9,006
Lukoil Oil Company, ADR	250		14,700
Marathon Oil Corp.	4,355		173,634
Newfield Exploration Company *	3,300		105,567
Noble Energy, Inc.	1,500		83,385
OAO Gazprom, SADR	5,010		160,102
Occidental Petroleum Corp.	800		56,360
Peabody Energy Corp.	500		22,500
Petro-Canada	500		16,675
PetroChina Company, Ltd., Class H	40,000		41,524
Petroleo Brasileiro SA, ADR	1,200		52,740
Questar Corp.	550		22,506
Reliance Industries, Ltd., GDR	702		58,153
Reliance Industries, Ltd.	391		16,396
Royal Dutch Shell PLC, B Shares	1,264		35,509
Sasol, Ltd.	653		27,870
Schlumberger, Ltd.	600		46,854
SeaDrill, Ltd., GDR	1,050		21,754
St. Mary Land & Exploration Company	700		24,955
Statoil ASA	550		13,070
Suncor Energy, Inc.	800		33,075
Suncor Energy, Inc.	1,000		42,140
SunPower Corp., Class A *	200		14,186
Suntech Power Holdings Company, Ltd., ADR *	2,470		88,599
Total SA	706		42,889
Transocean, Inc. *	500		54,920
Valero Energy Corp.	800		24,240
Weatherford International, Ltd. *	2,300		57,822
Williams Companies, Inc.	1,500		35,475
XTO Energy, Inc.	3,700		172,124
Yanzhou Coal Mining Company, Ltd., Class H	22,000		22,685
			3,091,079
Financial - 6.35%
Aberdeen Asset Management PLC	27,676		63,423
Banco Itau Holding Financeira SA, ADR	2,700		47,250
Bank of America Corp.	8,960		313,600
Bank of China, Ltd.	236,000		91,456
Capital One Financial Corp.	4,040		206,040

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
China Insurance International Holdings
Company, Ltd.	9,000	$	17,316
China Life Insurance Company, Ltd. - Hong
Kong Exchange	26,000		96,859
China Merchants Bank Company, Ltd. - Hong
Kong Exchange	16,500		39,846
Citigroup, Inc.	4,300		88,193
Discover Financial Services	8,010		110,698
Goldman Sachs Group, Inc.	2,100		268,800
Hopson Development Holdings, Ltd., GDR	10,000		5,080
Humana, Inc. *	800		32,960
Huntington BancShares, Inc.	5,100		40,749
Industrial & Commercial Bank of China, Ltd.	232,000		140,220
Infrastructure Development Finance
Company, Ltd.	20,889		32,655
Invesco, Ltd.	7,770		163,015
JPMorgan Chase & Company	6,950		324,565
Kotak Mahindra Bank, Ltd.	3,214		38,443
Merrill Lynch & Company, Inc.	4,100		103,730
Popular, Inc.	4,400		36,476
Shun Tak Holdings, Ltd.	22,000		7,575
Sovereign Bancorp, Inc.	15,450		61,027
Standard Chartered PLC	3,463		85,209
UBS AG *	9,917		173,944
UBS AG *	4,108		70,216
Washington Mutual, Inc. * (e)	11,429		1,411
Wells Fargo & Company	1,250		46,912
White Mountains Insurance Group, Ltd.	100		46,975
			2,754,643
Industrial - 5.99%
Acciona SA	99		15,088
AGCO Corp. *	1,200		51,132
All America Latina Logistica SA	2,500		17,079
Amada Company, Ltd.	18,000		98,853
Belden, Inc.	4,800		152,592
Carlisle Companies, Inc.	5,200		155,844
Chicago Bridge & Iron Company N.V.	2,000		38,480
Cummins, Inc.	700		30,604
Daelim Industrial Company	1,048		65,109
Deere & Company	2,000		99,000
FedEx Corp.	2,010		158,870
Flextronics International, Ltd. *	14,610		103,439
Fujikura, Ltd.	10,000		38,846
General Electric Company	19,300		492,150
Ibiden Company, Ltd.	1,500		36,516
Jaiprakash Associates, Ltd.	52,209		126,336
Jiangxi Copper Company, Ltd., Class H	9,000		9,013
Kingboard Laminates Holdings, Ltd.	138,500		61,195
Konica Minolta Holdings, Inc.	3,000		34,286
Meggitt PLC	21,722		73,092
Safran SA	831		14,543
Shanghai Electric Group Company, Ltd. *	58,000		17,682
Siemens AG, SADR	540		50,701
Siemens AG	215		20,055
Singapore Post, Ltd.	86,000		57,487
United Parcel Service, Inc., Class B	2,680		168,545

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

40

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Vestas Wind Systems AS *	550	$	48,007
Vinci SA	2,000		94,232
Viterra, Inc. *	1,100		10,512
Waste Management, Inc.	3,630		114,309
Yokogawa Electric Corp.	22,800		144,766
			2,598,363
Technology - 4.95%
Apple, Inc. *	1,600		181,856
Applied Materials, Inc.	7,940		120,132
Canon, Inc.	3,200		121,315
Electronic Arts, Inc. *	4,450		164,605
First Solar, Inc. *	50		9,446
Lam Research Corp. *	3,120		98,249
Maxim Integrated Products, Inc.	29,120		527,072
Microsoft Corp.	9,960		265,832
NetApp, Inc. *	9,870		179,930
ON Semiconductor Corp. *	5,200		35,152
Research In Motion, Ltd. *	600		40,980
Samsung Electronics Company, Ltd., GDR (g)	550		122,810
SanDisk Corp. *	4,600		89,930
Texas Instruments, Inc.	6,000		129,000
Wolfson Microelectronics PLC *	30,478		59,197
			2,145,506
Utilities - 1.16%
Beijing Datang Power Generation
Company, Ltd., Class H	52,000		29,025
Companhia de Saneamento de Minas Gerais *	2,300		24,174
E.ON AG	581		29,246
Electricite de France	235		16,994
Entergy Corp.	100		8,901
Exelon Corp.	1,050		65,751
Fortum Corp. Oyj	1,971		66,145
FPL Group, Inc.	1,000		50,300
GDF Suez	820		42,662
Iberdrola Renovables *	5,702		24,915
Iberdrola SA	4,166		42,322
ITC Holdings Corp.	550		28,473
Northeast Utilities	1,200		30,780
Scottish & Southern Energy PLC	734		18,677
Veolia Environnement SA	653		26,865
			505,230
TOTAL COMMON STOCKS (Cost $25,387,443)		$	20,932,365
WARRANTS - 0.00%
Financial - 0.00%
Washington Mutual, Inc.
(Expiration Date 04/14/2013, Strike
Price USD 10.06) *	1,429		0
TOTAL WARRANTS (Cost $0)		$	0

Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value
RIGHTS - 0.00%
Consumer, Non-cyclical - 0.00%
Cosan SA Industria e Comercio (Expiration
Date: 10/22/2008, Strike Price: BRL 16.00) *		827	$	52
TOTAL RIGHTS (Cost $0)			$	52
U.S. TREASURY OBLIGATIONS - 10.28%
Treasury Inflation-Protected
Securities (d) - 0.72%
2.375% due 01/15/2025	$	320,851		310,874
U.S. Treasury Bonds - 4.02%
4.375% due 02/15/2038		125,000		126,592
5.25% due 11/15/2028		150,000		166,184
6.25% due 08/15/2023		350,000		420,246
8.75% due 08/15/2020		725,000		1,029,103
				1,742,125
U.S. Treasury Notes - 5.54%
7.25% due 05/15/2016		520,000		643,744
3.125% due 08/31/2013		1,000,000		1,007,656
4.50% due 11/30/2011		710,000		754,541
				2,405,941
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $4,477,579)			$	4,458,940
U.S. GOVERNMENT AGENCY OBLIGATIONS - 4.82%
Federal Home Loan Mortgage Corp. - 1.15%
5.50% TBA **		500,000		496,836
Federal National Mortgage
Association - 2.10%
5.50% TBA **		400,000		398,375
6.50% TBA **		500,000		512,422
				910,797
Mortgage Securities - 1.57%
5.00% due 04/15/2036 to 04/15/2038		695,735		682,868
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $2,095,361)			$	2,090,501
FOREIGN GOVERNMENT OBLIGATIONS - 0.10%
Brazil - 0.10%
Federative Republic of Brazil
10.00% due 01/01/2017	BRL	100,000		43,507
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $53,132)			$	43,507
CORPORATE BONDS - 6.88%
Basic Materials - 0.25%
ArcelorMittal
6.125% due 06/01/2018 (g)	$	20,000		17,722
Cytec Industries, Inc.
6.00% due 10/01/2015		50,000		48,448
International Paper Company
7.40% due 06/15/2014		20,000		20,031
Weyerhaeuser Company
6.75% due 03/15/2012		20,000		19,767
				105,968

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

41

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications - 1.56%
AT&T Wireless Services, Inc.
7.875% due 03/01/2011	$	50,000	$	52,637
AT&T, Inc.
5.50% due 02/01/2018		25,000		22,263
6.30% due 01/15/2038		75,000		62,115
British Telecommunications PLC
8.625% due 12/15/2010		30,000		31,355
CBS Corp.
7.70% due 07/30/2010		50,000		51,349
Comcast Cable Communications
8.50% due 05/01/2027		50,000		51,811
Cox Communications, Inc.
5.45% due 12/15/2014		25,000		23,294
News America Holdings, Inc.
9.25% due 02/01/2013		10,000		10,682
News America, Inc.
7.28% due 06/30/2028		15,000		14,143
Telecom Italia Capital SA
5.25% due 11/15/2013		25,000		22,180
6.20% due 07/18/2011		50,000		50,014
Telefonica Europe BV
7.75% due 09/15/2010		35,000		35,734
Time Warner Cable, Inc.
5.85% due 05/01/2017		50,000		44,052
Time Warner, Inc.
7.625% due 04/15/2031		50,000		43,418
Verizon Communications, Inc.
5.55% due 02/15/2016		50,000		46,080
6.40% due 02/15/2038		50,000		41,731
Viacom, Inc.
5.75% due 04/30/2011		50,000		48,574
6.125% due 10/05/2017		30,000		27,215
				678,647
Consumer, Cyclical - 0.21%
Continental Airlines, Inc., Series 974A
6.90% due 01/02/2018		49,823		43,845
CVS Caremark Corp.
6.125% due 08/15/2016		50,000		48,305
				92,150
Consumer, Non-cyclical - 0.87%
AmerisourceBergen Corp.
5.875% due 09/15/2015		75,000		67,741
Cargill, Inc.
5.60% due 09/15/2012 (g)		50,000		49,399
Cia Brasileira de Bebidas
10.50% due 12/15/2011		60,000		66,000
General Mills, Inc.
5.20% due 03/17/2015		5,000		4,798
Kraft Foods, Inc.
6.875% due 02/01/2038		30,000		27,619
Kroger Company
6.75% due 04/15/2012		25,000		25,593
Philip Morris International, Inc.
5.65% due 05/16/2018		45,000		41,595
Quest Diagnostics, Inc.
6.95% due 07/01/2037		25,000		23,950
SABMiller PLC
6.50% due 07/01/2016 (g)		50,000		48,458

Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
UnitedHealth Group, Inc.
6.00% due 02/15/2018	$	25,000	$	22,615
				377,768
Energy - 0.17%
Burlington Resources Finance Company
7.40% due 12/01/2031		25,000		26,372
NGPL PipeCo LLC
6.514% due 12/15/2012 (g)		40,000		40,065
XTO Energy, Inc.
5.50% due 06/15/2018		10,000		8,839
				75,276
Financial - 2.68%
ACE Capital Trust II
9.70% due 04/01/2030		50,000		46,421
Bank of America Corp.
5.65% due 05/01/2018		40,000		33,692
5.75% due 12/01/2017		50,000		42,399
Bear Stearns Companies, Inc.
5.35% due 02/01/2012		15,000		14,271
6.40% due 10/02/2017		15,000		14,009
CIT Group, Inc.
7.625% due 11/30/2012		25,000		15,859
Citigroup, Inc.
5.50% due 08/27/2012		50,000		44,902
6.50% due 08/19/2013		50,000		44,438
6.875% due 03/05/2038		50,000		40,898
Everest Reinsurance Holdings, Inc.
8.75% due 03/15/2010		50,000		52,098
General Electric Capital Corp.
6.75% due 03/15/2032		40,000		33,387
Goldman Sachs Group, Inc.
6.15% due 04/01/2018		70,000		58,206
6.75% due 10/01/2037		80,000		53,407
Health Care Property Investors, Inc.
5.65% due 12/15/2013		30,000		26,415
International Lease Finance Corp.
5.625% due 09/15/2010		50,000		33,621
JP Morgan Chase & Company
5.375% due 10/01/2012		50,000		48,303
JPMorgan Chase & Company
6.00% due 01/15/2018		120,000		109,425
Lehman Brothers Holdings, Inc.
6.20% due 09/26/2014 ^		30,000		3,750
Liberty Property LP
7.25% due 03/15/2011		30,000		30,448
Merrill Lynch & Company, Inc.
5.45% due 02/05/2013		50,000		45,041
6.40% due 08/28/2017		55,000		47,571
Metropolitan Life Global Funding I
5.125% due 04/10/2013 (g)		25,000		24,287
Morgan Stanley Dean Witter
6.60% due 04/01/2012		50,000		36,319
Morgan Stanley, MTN
6.00% due 04/28/2015		100,000		68,023
Prudential Financial, Inc., MTN
5.15% due 01/15/2013		15,000		14,186
Realty Income Corp.
6.75% due 08/15/2019		30,000		27,066

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

42

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Simon Property Group LP
5.30% due 05/30/2013	$	45,000	$	42,032
United Dominion Realty Trust, Inc.
6.05% due 06/01/2013		30,000		29,717
Unitrin, Inc.
6.00% due 05/15/2017		25,000		20,994
Wachovia Corp.
5.75% due 06/15/2017		30,000		22,514
Wachovia Corp., MTN
5.50% due 05/01/2013		20,000		16,547
WEA Finance LLC
7.125% due 04/15/2018 (g)		25,000		22,475
				1,162,721
Industrial - 0.14%
General Electric Company
5.25% due 12/06/2017		70,000		61,252
Utilities - 1.00%
Carolina Power & Light Company
6.50% due 07/15/2012		40,000		41,200
CenterPoint Energy Transition Bond Company
LLC, Series A-2
4.97% due 08/01/2014		50,000		50,127
CenterPoint Energy Transition Bond Company
LLC, Series A-4
5.17% due 08/01/2019		26,000		25,349
CenterPoint Energy, Inc.
6.50% due 05/01/2018		35,000		29,808
Dominion Resources, Inc.
6.40% due 06/15/2018		40,000		38,258
Duke Energy Corp.
5.65% due 06/15/2013		45,000		44,042
Georgia Power Company
5.25% due 12/15/2015		40,000		38,319
Midamerican Energy Company, MTN
5.125% due 01/15/2013		50,000		48,868
Northern States Power Company
6.25% due 06/01/2036		35,000		32,011
Southern California Edison Company
6.00% due 01/15/2034		25,000		23,170
Union Electric Company
6.40% due 06/15/2017		50,000		47,673
Wisconsin Energy Corp.
6.20% due 04/01/2033		15,000		12,540
				431,365
TOTAL CORPORATE BONDS (Cost $3,339,265)			$	2,985,147
COLLATERALIZED MORTGAGE
OBLIGATIONS - 1.94%
Asset Securitization Corp.,
Series 1997-D5, Class A1D
6.85% due 02/14/2043		47,479		47,871
Banc of America Commercial Mortgage, Inc.,
Series 2005-6, Class A4
5.1799% due 09/10/2047 (b)		100,000		90,762
Bear Stearns Commercial Mortgage Securities,
Series 2004-T16, Class A6
4.75% due 02/13/2046		75,000		67,895

Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Commercial Mortgage Pass Through Certificates,
Series 2006-C7, Class A4
5.768% due 06/10/2046	$	29,000	$	26,211
Crown Castle Towers LLC, Series 2005-1A, Class B
4.878% due 06/15/2035 (g)		25,000		23,965
Greenwich Capital Commercial Funding Corp,
Series 2004-GG1, Class A7
5.317% due 06/10/2036		70,000		65,948
LB-UBS Commercial Mortgage Trust,
Series 2006-C4, Class A4
5.8826% due 06/15/2038 (b)		25,000		22,836
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class A4
5.6574% due 05/12/2039 (b)		100,000		90,230
Morgan Stanley Capital I, Inc., Series 2005-T17,
Class A5
4.78% due 12/13/2041		85,000		76,641
Morgan Stanley Capital I, Series 2006-T21, Class A4
5.162% due 10/12/2052		100,000		87,636
Morgan Stanley Dean Witter Capital I,
Series 2001, Class A4
6.39% due 06/15/2011		81,260		81,232
Morgan Stanley Dean Witter Capital I,
Series 2001-TOP1, Class A4
6.66% due 02/15/2033		63,977		64,410
Nomura Asset Securities Corp.,
Series 1998-D6, Class A1B
6.59% due 03/15/2030		32,383		32,373
Prudential Commercial Mortgage Trust,
Series 2003-PWR1, Class A2
4.493% due 02/11/2036		70,000		64,388
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $907,197)			$	842,398
ASSET BACKED SECURITIES - 0.76%
Capital Auto Receivables Asset Trust,
Series 2006-2, Class A3A
4.98% due 05/15/2011		18,456		18,263
Chase Issuance Trust, Series 2005-A4, Class A4
4.23% due 01/15/2013		64,000		63,355
Honda Auto Receivables Owner Trust, Series
2005-2, Class A4
4.15% due 10/15/2010		38,093		38,100
Hyundai Auto Receivables Trust, Series 2007-A,
Class A2B
2.8375% due 01/15/2010 (b)		39,357		39,335
MBNA Credit Card Master Note Trust, Series
2003-A11, Class A11
3.65% due 03/15/2011		40,000		39,994
Peco Energy Transition Trust,
Series 2000-A, Class A4
7.65% due 03/01/2010		75,000		76,890
USAA Auto Owner Trust, Series 2006-4, Class A4
4.98% due 10/15/2012		54,000		53,435
TOTAL ASSET BACKED SECURITIES
(Cost $329,424)			$	329,372

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

43

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Allocation Plus Trust (continued)
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 2.81%
Funds - 2.81%
Financial Select Sector SPDR Fund		32,700	$	650,403
iShares FTSE/Xinhua China 25 Index Fund		4,200		144,774
iShares MSCI Emerging Markets Index Fund		12,250		422,993
				1,218,170
TOTAL INVESTMENT COMPANIES (Cost $1,343,038)			$	1,218,170
REPURCHASE AGREEMENTS - 23.75%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$10,307,358 on 10/01/2008,
collateralized by $10,110,000
Federal National Mortgage
Association, 4.78% due
11/16/2012 (valued at
$10,514,400, including interest)	$	10,307,000	$	10,307,000
TOTAL REPURCHASE AGREEMENTS
(Cost $10,307,000)			$	10,307,000
Total Investments (Core Allocation Plus Trust)
(Cost $48,239,439) - 99.58%			$	43,207,452
Other Assets in Excess of Liabilities - 0.42%				182,062
TOTAL NET ASSETS - 100.00%			$	43,389,514
Core Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 7.25%
U.S. Treasury Bonds - 4.14%
4.375% due 02/15/2038	$	282,000	$	285,591
4.50% due 05/15/2038		904,000		933,239
4.75% due 02/15/2037		1,609,000		1,721,128
5.00% due 05/15/2037		1,319,900		1,468,286
5.375% due 02/15/2031		391,000		444,304
6.25% due 08/15/2023 to 05/15/2030		4,501,000		5,499,534
8.875% due 02/15/2019		965,000		1,350,774
				11,702,856
U.S. Treasury Notes - 2.90%
2.75% due 02/28/2013		140,000		139,278
3.125% due 08/31/2013 to 09/30/2013		2,473,000		2,491,855
3.875% due 05/15/2018		1,672,000		1,682,646
4.00% due 08/15/2018		3,826,000		3,880,402
				8,194,181
U.S. Treasury Strips - 0.21%
zero coupon due 11/15/2027		1,459,000		608,950
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $20,209,620)			$	20,505,987
U.S. GOVERNMENT AGENCY OBLIGATIONS - 57.76%
Federal Home Loan Bank - 0.71%
5.46% due 11/27/2015		2,004,845		2,019,096
Federal Home Loan Mortgage Corp. - 12.82%
3.90% due 01/15/2023		589,285		585,091

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
4.50% due 04/01/2028 to 03/01/2036	$	1,252,596	$	1,184,844
5.00% due 10/01/2014		451,763		456,934
5.50% due 01/01/2017 to 04/01/2038		14,467,779		14,474,056
5.50% TBA **		10,500,000		10,433,555
5.74% due 05/01/2037 (b)		519,509		524,216
5.829% due 06/01/2037 (b)		244,333		240,783
5.848% due 12/01/2036 (b)		347,351		351,223
5.874% due 01/01/2037 (b)		744,996		747,695
5.909% due 04/01/2037 (b)		1,081,806		1,093,558
5.93% due 05/01/2037 (b)		158,678		156,754
5.943% due 03/01/2037 to 05/01/2037 (b)		227,104		224,685
6.00% due 08/01/2016 to 05/01/2020		372,223		382,284
6.145% due 09/01/2037 (b)		703,976		711,480
6.305% due 06/01/2036 to 04/01/2037 (b)		452,991		459,803
6.389% due 10/01/2037 (b)		250,430		254,229
6.402% due 11/01/2037 (b)		132,669		132,664
6.50% due 08/01/2038		3,753,054		3,852,188
				36,266,042
Federal National Mortgage
Association - 36.22%
4.00% due 05/01/2034		1,756,097		1,615,653
4.50% due 06/01/2013 to 09/01/2037		24,167,023		22,899,639
4.50% TBA **		5,000,000		4,775,938
5.00% due 07/01/2033 to 12/01/2036		14,252,740		13,911,668
5.00% TBA **		6,000,000		5,943,047
5.50% due 01/01/2019 to 07/01/2034		20,898,387		21,061,480
5.50% TBA **		17,600,000		17,696,821
5.751% due 05/01/2037 (b)		349,400		354,019
5.766% due 08/01/2037 (b)		513,366		519,372
5.881% due 02/01/2037 (b)		194,697		192,907
5.901% due 04/01/2037 (b)		916,515		929,963
5.943% due 01/01/2037 (b)		616,468		626,436
5.946% due 01/01/2037 (b)		292,990		290,953
5.978% due 04/01/2037 (b)		236,775		235,435
6.00% due 05/01/2021 to 11/01/2023		1,344,957		1,376,213
6.003% due 04/01/2037 (b)		162,227		161,039
6.026% due 01/01/2037 (b)		231,272		230,108
6.043% due 07/01/2037 (b)		204,113		206,647
6.068% due 12/01/2036 (b)		306,234		305,179
6.098% due 12/01/2036 (b)		381,273		380,745
6.109% due 11/01/2037 (b)		596,627		594,486
6.116% due 12/01/2036 (b)		189,252		188,902
6.252% due 09/01/2037 (b)		672,711		683,633
6.50% due 03/01/2038 to 05/01/2038		2,057,296		2,111,541
6.50% TBA **		4,000,000		4,099,375
7.00% due 11/01/2037 to 12/01/2037		1,028,941		1,074,842
				102,466,041
Government National Mortgage
Association - 3.45%
5.50% due 02/20/2035		201,241		201,171
5.50% TBA **		2,500,000		2,492,578
6.00% TBA **		5,500,000		5,569,609
6.50% due 12/15/2032		1,433,307		1,501,996
				9,765,354

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

44

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Mortgage Securities - 4.56%
5.50% due 12/01/2099	$	7,000,000	$	6,943,672
6.138% due 07/01/2036		1,227,386		1,224,087
6.50% due 07/01/2034		926,626		958,623
4.50% due 07/01/2033 to 10/01/2033		1,050,768		1,002,663
7.00% due 10/01/2013 to 10/01/2033		508,113		537,881
4.50% due 09/15/2034		1,930,745		1,833,679
5.00% due 05/20/2038 to 08/20/2038		398,670		389,202
				12,889,807
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $162,418,259)			$	163,406,340
FOREIGN GOVERNMENT OBLIGATIONS - 0.21%
Mexico - 0.06%
Government of Mexico
5.875% due 01/15/2014		166,000		167,038
United Arab Emirates - 0.15%
Emirate of Abu Dhabi
5.50% due 08/02/2012		400,000		420,618
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $573,481)			$	587,656
CORPORATE BONDS - 18.79%
Basic Materials - 0.76%
Alcoa, Inc.
6.00% due 07/15/2013		820,000		804,593
Rio Tinto Finance USA, Ltd.
5.875% due 07/15/2013		910,000		892,082
6.50% due 07/15/2018		495,000		468,077
				2,164,752
Communications - 2.60%
America Movil SAB de CV
6.125% due 11/15/2037		116,000		98,110
6.375% due 03/01/2035		110,000		97,359
AT&T Broadband Corp.
8.375% due 03/15/2013		1,728,000		1,812,309
AT&T, Inc.
6.40% due 05/15/2038		236,000		198,056
British Telecommunications PLC
8.625% due 12/15/2030		420,000		418,986
Corning, Inc.
7.25% due 08/15/2036		150,000		132,970
France Telecom SA
7.75% due 03/01/2011		490,000		514,250
Qwest Corp.
7.50% due 10/01/2014		700,000		605,500
Rogers Cable, Inc.
5.50% due 03/15/2014		225,000		207,853
Rogers Wireless, Inc.
6.375% due 03/01/2014		1,025,000		980,291
SBC Communications, Inc.
5.10% due 09/15/2014		675,000		631,321
Telefonica Emisiones SAU
5.855% due 02/04/2013		215,000		206,864
5.984% due 06/20/2011		740,000		731,890

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Thomson Reuters Corp.
5.95% due 07/15/2013	$	345,000	$	344,593
Time Warner Entertainment Company LP
8.375% due 07/15/2033		394,000		374,559
				7,354,911
Consumer, Cyclical - 1.15%
DaimlerChrysler N.A. Holding Corp., MTN
3.1381% due 03/13/2009 (b)		920,000		916,620
DaimlerChrysler NA Holding Corp.
6.50% due 11/15/2013		920,000		897,811
8.50% due 01/18/2031		155,000		155,739
McDonald's Corp., MTN
6.30% due 03/01/2038		245,000		236,109
Nordstrom, Inc.
7.00% due 01/15/2038		300,000		261,105
Wal-Mart Stores, Inc.
6.20% due 04/15/2038		465,000		424,173
Yum! Brands, Inc.
6.875% due 11/15/2037		445,000		375,701
				3,267,258
Consumer, Non-cyclical - 2.15%
AstraZeneca PLC
5.40% due 09/15/2012		415,000		416,946
Coventry Health Care, Inc.
5.95% due 03/15/2017		715,000		595,995
Diageo Capital PLC
5.20% due 01/30/2013		275,000		273,648
5.75% due 10/23/2017		160,000		153,538
Dr Pepper Snapple Group, Inc.
6.82% due 05/01/2018		525,000		506,760
GlaxoSmithKline Capital, Inc.
6.375% due 05/15/2038		450,000		422,456
Kraft Foods, Inc.
6.125% due 02/01/2018		1,020,000		955,513
6.125% due 08/23/2018		335,000		312,805
Philip Morris International, Inc.
5.65% due 05/16/2018		315,000		291,165
Schering-Plough Corp.
6.55% due 09/15/2037		535,000		490,012
UnitedHealth Group, Inc.
6.875% due 02/15/2038		410,000		360,959
Wyeth
6.95% due 03/15/2011		1,222,000		1,289,366
				6,069,163
Diversified - 0.09%
Hutchison Whampoa International 03/33, Ltd.
7.45% due 11/24/2033 (g)		270,000		247,261
Energy - 2.98%
Devon Financing Corp., ULC
6.875% due 09/30/2011		865,000		902,248
El Paso Natural Gas Company
5.95% due 04/15/2017		160,000		141,570
EOG Resources, Inc.
6.875% due 10/01/2018		220,000		219,215
Husky Energy, Inc.
6.80% due 09/15/2037		165,000		136,494

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

45

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Husky Oil Company, Ltd.
7.55% due 11/15/2016	$	240,000	$	237,471
Kinder Morgan, Inc.
6.50% due 09/01/2012		1,170,000		1,102,725
Petrobras International Finance Company
5.875% due 03/01/2018		905,000		822,538
Petro-Canada
6.80% due 05/15/2038		335,000		265,396
Plains All American Pipeline LP
6.50% due 05/01/2018 (g)		501,000		451,951
Ras Laffan Liquefied Natural Gas Company, Ltd. III
6.332% due 09/30/2027 (g)		355,000		320,096
Southern Natural Gas Company
5.90% due 04/01/2017 (g)		415,000		367,272
Spectra Energy Capital LLC
7.50% due 09/15/2038		335,000		311,066
TransCanada Pipelines, Ltd.
7.25% due 08/15/2038		250,000		240,320
Transocean, Inc.
6.00% due 03/15/2018		500,000		466,648
Weatherford International, Inc.
5.95% due 06/15/2012		255,000		255,157
6.35% due 06/15/2017		330,000		305,425
Weatherford International, Ltd.
7.00% due 03/15/2038		170,000		147,445
XTO Energy, Inc.
5.75% due 12/15/2013		875,000		840,017
6.375% due 06/15/2038		105,000		85,732
6.50% due 12/15/2018		875,000		811,620
				8,430,406
Financial - 6.43%
ACE INA Holdings, Inc.
5.70% due 02/15/2017		210,000		192,132
6.70% due 05/15/2036		100,000		88,924
Allied Capital Corp.
6.625% due 07/15/2011		1,155,000		1,124,691
American Express Company
8.15% due 03/19/2038		425,000		380,130
American International Group, Inc.
8.25% due 08/15/2018 (g)		505,000		293,391
Bank of America Corp.
5.375% due 06/15/2014		205,000		189,539
5.65% due 05/01/2018		505,000		425,357
Citigroup, Inc.
3.625% due 02/09/2009		450,000		440,546
6.125% due 05/15/2018		1,105,000		914,944
6.50% due 08/19/2013		2,500,000		2,221,920
8.40% due 04/29/2049 (b)		550,000		374,363
Credit Suisse New York
5.75% due 02/15/2018		755,000		657,757
Credit Suisse New York, MTN
5.00% due 05/15/2013		535,000		495,780
General Electric Capital Corp., Series A, MTN
3.75% due 12/15/2009		614,000		592,923
Goldman Sachs Capital II
5.793% due 12/29/2049 (b)		930,000		408,558
Goldman Sachs Group, Inc.
5.125% due 01/15/2015		420,000		346,689

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Goldman Sachs Group, Inc. (continued)
6.75% due 10/01/2037	$	640,000	$	427,258
Health Care Property Investors, Inc.
5.65% due 12/15/2013		670,000		589,930
HSBC Holdings PLC
6.80% due 06/01/2038		375,000		317,543
JP Morgan Chase & Company
6.40% due 05/15/2038		505,000		436,598
JPMorgan Chase Bank NA, BKNT
6.00% due 10/01/2017		485,000		444,545
Lazard Group LLC
6.85% due 06/15/2017		685,000		567,316
7.125% due 05/15/2015		895,000		776,850
Liberty Mutual Group, Inc.
7.50% due 08/15/2036 (g)		406,000		320,421
Morgan Stanley
5.30% due 03/01/2013		220,000		151,096
6.25% due 08/28/2017		485,000		300,720
Morgan Stanley, MTN
5.95% due 12/28/2017		660,000		413,454
6.625% due 04/01/2018		920,000		608,848
PNC Funding Corp.
5.25% due 11/15/2015		446,000		393,767
The Goldman Sachs Group, Inc.
5.15% due 01/15/2014		510,000		418,854
US Bank NA, MTN
5.92% due 05/25/2012		1,195,296		1,242,319
WEA Finance LLC
7.125% due 04/15/2018 (g)		1,290,000		1,159,715
Westfield Group
5.40% due 10/01/2012 (g)		499,000		460,876
				18,177,754
Government - 0.20%
Export-Import Bank Of Korea
5.50% due 10/17/2012		585,000		555,036
Industrial - 0.11%
Burlington Northern Santa Fe Corp.
5.75% due 03/15/2018		340,000		326,121
Technology - 0.49%
Oracle Corp.
5.75% due 04/15/2018		574,000		532,962
Xerox Corp.
5.50% due 05/15/2012		335,000		319,402
6.35% due 05/15/2018		590,000		539,320
				1,391,684
Utilities - 1.83%
Allegheny Energy Supply Company LLC
8.25% due 04/15/2012 (g)		350,000		353,500
CMS Energy Corp.
6.55% due 07/17/2017		275,000		240,292
Commonwealth Edison
6.15% due 09/15/2017		285,000		269,527
DPL, Inc.
6.875% due 09/01/2011		780,000		796,341
Duke Energy Carolinas LLC
6.00% due 01/15/2038		200,000		179,812

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

46

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utilities (continued)
Florida Power Corp.
6.40% due 06/15/2038	$	420,000	$	397,711
Nevada Power Company, Series A
8.25% due 06/01/2011		560,000		597,804
Pacificorp
6.25% due 10/15/2037		445,000		403,878
Progress Energy, Inc.
6.85% due 04/15/2012		240,000		246,970
Taqa Abu Dhabi National Energy Company
5.62% due 10/25/2012 (g)		1,748,000		1,695,226
				5,181,061
TOTAL CORPORATE BONDS (Cost $58,746,206)			$	53,165,407
COLLATERALIZED MORTGAGE
OBLIGATIONS - 23.26%
Federal Home Loan Bank,
Series 2007-2014, Class 1
5.34% due 03/20/2014		849,372		855,272
American Tower Trust, Series 2007-1A, Class AFX
5.4197% due 04/15/2037 (g)		485,000		437,029
Banc of America Commercial Mortgage, Inc.,
Series 2008-1, Class A4
6.3457% due 12/10/2017 (b)		212,000		186,306
Banc of America Commercial Mortgage, Inc.,
Series 2000-1, Class A2A
7.333% due 11/15/2031 (b)		478,486		481,057
Banc of America Commercial Mortgage, Inc.,
Series 2002-PB2, Class B
6.309% due 06/11/2035		136,000		135,134
Banc of America Commercial Mortgage, Inc.,
Series 2003-1, Class A2
4.648% due 09/11/2036		316,000		294,469
Banc of America Commercial Mortgage, Inc.,
Series 2004-2, Class A5
4.58% due 02/10/2014		77,000		69,658
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2002-PBW1, Class A2
4.72% due 11/11/2035 (b)		303,000		285,044
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2000-WF1, Class A2
7.78% due 02/15/2032 (b)		1,301,830		1,318,934
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-ESA, Class C
4.937% due 05/14/2016 (g)		868,000		870,220
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR6, Class A6
4.825% due 11/11/2041		87,000		79,179
Citigroup Commercial Mortgage Trust, Series
2008-C7, Class A4
6.299% due 12/10/2049 (b)		987,000		867,400
Citimortgage Alternative Loan Trust, Inc., Series
2006-A1, Class 1A6
6.00% due 04/25/2036		536,270		381,757
Commercial Mortgage Pass Through Certificates,
Series 2001-J2A, Class A2
6.096% due 07/16/2034		916,000		908,075
Countrywide Alternative Loan Trust,
Series 2006-OC6, Class 2A1
3.2769% due 07/25/2036 (b)		341,580		320,470

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
CS First Boston Mortgage Securities Corp., Series
2002-CP5, Class A2
4.94% due 12/15/2035	$	154,000	$	145,270
CS First Boston Mortgage Securities Corp.,
Series 2001-CF2, Class A4
6.505% due 02/15/2034		328,029		329,277
CS First Boston Mortgage Securities Corp.,
Series 2001-CK1, Class A3
6.38% due 12/18/2035		189,033		189,342
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		361,809		353,796
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		20,000		19,785
CS First Boston Mortgage Securities Corp.,
Series 2002-CKS4, Class A2
5.183% due 11/15/2036		1,264,000		1,207,092
CS First Boston Mortgage Securities Corp.,
Series 2003-C4, Class A4
5.137% due 08/15/2036 (b)		208,000		195,537
CS First Boston Mortgage Securities Corp.,
Series 2003-C5, Class A4
4.90% due 12/15/2036 (b)		229,000		211,990
CS First Boston Mortgage Securities Corp.,
Series 2003-CK2, Class A4
4.801% due 03/15/2036		179,000		167,096
CS First Boston Mortgage Securities Corp.,
Series 2003-CPN1, Class A2
4.597% due 03/15/2035		139,000		128,857
DLJ Commercial Mortgage Corp.,
Series 1999-CG3, Class A1B
7.34% due 10/10/2032		438,447		441,634
DLJ Commercial Mortgage Corp.,
Series 2000-CKP1, Class A1B
7.18% due 11/10/2033		383,801		389,692
DLJ Commercial Mortgage Corp.,
Series 1999-CG2,Class A1B
7.30% due 06/10/2032		326,401		327,429
Federal Home Loan Mortgage Corp.
3.57% due 06/15/2029		200,933		200,660
Federal Home Loan Mortgage Corp., Series
2003-2695, Class BG
4.50% due 04/15/2032		517,000		501,078
Federal Home Loan Mortgage Corp., Series
2003-2702, Class AD
4.50% due 08/15/2032		452,000		437,443
Federal Home Loan Mortgage Corp., Series
2005-3008, Class JM
4.50% due 07/15/2025		314,000		294,203
Federal Home Loan Mortgage Corp., Series
2007-3313, Class GA
5.00% due 06/15/2033		337,720		339,342
Federal Home Loan Mortgage Corp., Series
2007-3317, Class PG
5.00% due 04/15/2036		194,000		186,276
Federal Home Loan Mortgage Corp., Series
2008-3460, Class PB
5.00% due 06/15/2031		182,000		181,456

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

47

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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
2008-3460, Class PC
5.00% due 08/15/2034	$	793,000	$	778,348
Federal Home Loan Mortgage Corp., Series 2564,
Class BQ
5.50% due 10/15/2017		190,430		192,251
Federal Home Loan Mortgage Corp., Series 2590,
Class BY
5.00% due 03/15/2018		45,000		44,363
Federal Home Loan Mortgage Corp., Series 2843,
Class BC
5.00% due 08/15/2019		487,000		479,131
Federal Home Loan Mortgage Corp., Series 3320,
Class TB
5.50% due 06/15/2030		209,000		212,154
Federal Home Loan Mortgage Corp., Series 3465,
Class HA
4.00% due 07/15/2017		538,939		527,111
Federal Home Loan Mortgage Corp.,
Series 2002-2542, Class ES
5.00% due 12/15/2017		688,000		676,913
Federal Home Loan Mortgage Corp.,
Series 2003-2558, Class BD
5.00% due 01/15/2018		523,000		509,868
Federal Home Loan Mortgage Corp.,
Series 2003-2583, Class TD
4.50% due 12/15/2013		628,621		626,881
Federal Home Loan Mortgage Corp.,
Series 2003-2590, Class NU
5.00% due 06/15/2017		385,000		394,224
Federal Home Loan Mortgage Corp.,
Series 2003-2603, Class KT
4.75% due 07/15/2014		655,399		658,401
Federal Home Loan Mortgage Corp.,
Series 2003-2623, Class AJ
4.50% due 07/15/2016		331,000		331,778
Federal Home Loan Mortgage Corp.,
Series 2003-2672, Class HA
4.00% due 09/15/2016		213,421		213,418
Federal Home Loan Mortgage Corp.,
Series 2003-2694, Class QG
4.50% due 01/15/2029		722,000		726,840
Federal Home Loan Mortgage Corp.,
Series 2003-2725, Class PC
4.50% due 05/15/2028		220,000		222,648
Federal Home Loan Mortgage Corp.,
Series 2004-2780, Class TB
3.00% due 12/15/2024		88,300		88,224
Federal Home Loan Mortgage Corp.,
Series 2004-2790, Class TN
4.00% due 05/15/2024		414,000		364,600
Federal Home Loan Mortgage Corp.,
Series 2005-3017, Class TA
4.50% due 08/15/2035		398,983		396,290
Federal Home Loan Mortgage Corp.,
Series 2005-3035, Class PA
5.50% due 09/15/2035		320,240		326,487
Federal Home Loan Mortgage Corp.,
Series 2006-3104, Class QC
5.00% due 09/15/2031		597,000		598,474

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.,
Series 2006-3117, Class PC
5.00% due 06/15/2031	$	758,000	$	774,195
Federal Home Loan Mortgage Corp.,
Series 2007-3268, Class HC
5.00% due 12/15/2032		273,000		272,523
Federal Home Loan Mortgage Corp.,
Series 2007-3289, Class PB
5.00% due 11/15/2029		412,000		415,548
Federal Home Loan Mortgage Corp.,
Series 2007-3298, Class VB
5.00% due 11/15/2025		303,000		286,370
Federal Home Loan Mortgage Corp.,
Series 2007-3316, Class HA
5.00% due 07/15/2035		947,054		953,915
Federal Home Loan Mortgage Corp.,
Series 2007-3372, Class BD
4.50% due 10/15/2022		351,000		324,463
Federal National Mortgage Association, Series
2001-81, Class HE
6.50% due 01/25/2032		6,189,350		6,323,779
Federal National Mortgage Association, Series
2001-T6, Class A
5.703% due 05/25/2011		62,505		63,428
Federal National Mortgage Association, Series
2003-92, Class NM
3.50% due 04/25/2013		95		94
Federal National Mortgage Association, Series
2005-101, Class NB
5.00% due 04/25/2029		1,328,000		1,341,170
Federal National Mortgage Association, Series
2007-26, Class BA
5.50% due 05/25/2029		137,000		138,510
Federal National Mortgage Association,
Series 2003-108, Class BE
4.00% due 11/25/2018		362,000		337,563
Federal National Mortgage Association,
Series 2003-113, Class PN
3.50% due 02/25/2013		175,410		174,749
Federal National Mortgage Association,
Series 2003-15, Class CH
4.00% due 02/25/2017		146,583		146,255
Federal National Mortgage Association,
Series 2003-16, Class PN
4.50% due 10/25/2015		187,449		189,049
Federal National Mortgage Association,
Series 2003-3, Class HJ
5.00% due 02/25/2018		338,000		330,799
Federal National Mortgage Association,
Series 2003-30, Class ET
3.50% due 08/25/2016		327,939		325,451
Federal National Mortgage Association,
Series 2004-34, Class PL
3.50% due 05/25/2014		125,774		125,860
Federal National Mortgage Association,
Series 2004-60, Class PA
5.50% due 04/25/2034		268,262		273,876
Federal National Mortgage Association,
Series 2005-58, Class MA
5.50% due 07/25/2035		235,028		239,311

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

48

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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 2007-113, Class DB
4.50% due 12/25/2022	$	415,000	$	378,808
Federal National Mortgage Association,
Series 2007-30, Class MA
4.25% due 02/25/2037		566,500		553,935
Federal National Mortgage Association,
Series 2007-39, Class NA
4.25% due 01/25/2037		1,102,422		1,085,172
First Horizon Alternative Mortgage Securities,
Series 2006-FA6, Class 2A10
6.00% due 11/25/2036		314,616		301,528
First Horizon Alternative Mortgage Securities,
Series 2006-RE1, Class A1
5.50% due 05/25/2035		521,407		363,519
First Union National Bank Commercial Mortgage,
Series 2000-C2, Class A2
7.202% due 10/15/2032		266,534		270,611
First Union National Bank Commercial Mortgage,
Series 1999-C4, Class A2
7.39% due 12/15/2031		61,320		61,894
First Union National Bank Commercial Mortgage,
Series 2001-C4, Class B
6.417% due 12/12/2033		177,000		176,569
GE Capital Commercial Mortgage Corp, Series
2002-1A, Class A3
6.269% due 12/10/2035		263,000		261,175
GE Capital Commercial Mortgage Corp.,
Series 2001-2, Class A3
6.03% due 08/11/2033		123,366		123,502
General Motors Acceptance Corp. Commercial
Mortgage Securities, Inc.,
Series 2004-C1, Class A1
3.118% due 03/10/2038		50,963		50,598
GMAC Commercial Mortgage Securities, Inc.,
Series 2000-C1, Class A2
7.724% due 03/15/2033 (b)		475,101		481,481
GMAC Commercial Mortgage Securities, Inc.,
Series 2000-C2, Class A2
7.455% due 08/16/2033 (b)		1,002,636		1,018,854
GMAC Commercial Mortgage Securities, Inc.,
Series 2000-C3, Class A2
6.957% due 09/15/2035		746,225		755,267
GMAC Commercial Mortgage Securities, Inc.,
Series 2001-C2, Class A2
6.70% due 04/15/2034		5,030,000		5,076,695
GMAC Commercial Mortgage Securities, Inc.,
Series 2002-C3, Class A2
4.93% due 07/10/2039		528,000		499,099
GMAC Commercial Mortgage Securities, Inc.,
Series 2003-C2, Class A2
5.6666% due 05/10/2040 (b)		205,000		195,358
GMAC Commercial Mortgage Securities, Inc.,
Series 2003-C3, Class A4
5.023% due 04/10/2040		1,282,000		1,192,835
Government National Mortgage Association,
Series 2006-3, Class A
4.212% due 01/16/2028		96,269		95,756
Government National Mortgage Association,
Series 2006-37, Class JG
5.00% due 07/20/2036		254,000		243,179

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
GS Mortgage Securities Corp II, Series
2001-GL3A, Class A2
6.449% due 08/05/2018 (b)	$	877,000	$	905,384
GSR Mortgage Loan Trust, Series 2006-8F, Class
3A5
6.25% due 09/25/2036		1,412,949		1,353,527
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2001-CIB3, Class A3
6.465% due 11/15/2035		924,000		924,114
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-CB15, Class ASB
5.79% due 06/12/2043 (b)		290,000		270,475
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2002-CIB5, Class A2
5.161% due 10/12/2037		150,000		143,083
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2003-CB7, Class A4
4.879% due 01/12/2038 (b)		1,060,000		976,220
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2004-C3, Class A1
3.765% due 01/15/2042		332,319		327,672
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP3, Class A1
4.655% due 08/15/2042		71,423		70,426
JP Morgan Commercial Mortgage Finance Corp.,
Series 2000-C10, Class A2
7.371% due 08/15/2032 (b)		276,626		279,649
LB-UBS Commercial Mortgage Trust, Series
2000-C5, Class A2
6.51% due 12/15/2026		501,451		504,659
LB-UBS Commercial Mortgage Trust,
Series 2001-C2, Class A2
6.653% due 11/15/2027		324,000		326,887
LB-UBS Commercial Mortgage Trust,
Series 2002-C2, Class A4
5.594% due 06/15/2031		647,000		629,510
LB-UBS Commercial Mortgage Trust,
Series 2003-C3, Class A4
4.166% due 05/15/2032		555,000		501,770
LB-UBS Commercial Mortgage Trust,
Series 2003-C5, Class A2
3.478% due 07/15/2027		4,605		4,568
Merrill Lynch Mortgage Trust,
Series 2004-KEY2, Class A4
4.864% due 08/12/2039 (b)		433,000		393,060
Morgan Stanley Capital I, Series 2003-IQ5, Class A4
5.01% due 04/15/2038		501,000		473,708
Morgan Stanley Capital I,
Series 2004-HQ3, Class A4
4.80% due 01/13/2041		340,000		311,784
Morgan Stanley Capital I,
Series 2005-HQ5, Class AAB
5.037% due 01/14/2042		481,000		455,689
Morgan Stanley Capital I,
Series 2005-HQ7, Class AAB
5.3554% due 11/14/2042 (b)		926,000		875,256
Morgan Stanley Dean Witter Capital I, Series
2003-HQ2, Class A2
4.92% due 03/12/2035		683,000		640,651

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

49

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Morgan Stanley Dean Witter Capital I,
Series 2001, Class A4
6.39% due 06/15/2011	$	544,922	$	544,733
Morgan Stanley Dean Witter Capital I,
Series 2001-TOP1, Class A4
6.66% due 02/15/2033		740,439		745,453
Morgan Stanley Dean Witter Capital I,
Series 2001-TOP5, Class A4
6.39% due 10/15/2035		1,088,000		1,085,318
Morgan Stanley Dean Witter Capital I,
Series 2002-IQ2, Class A3
5.52% due 12/15/2035		64,650		64,351
Morgan Stanley Mortgage Loan Trust,
Series 2007-6XS, Class 2A1S
3.3169% due 02/25/2047 (b)		143,457		137,262
Salomon Brothers Mortgage Securities VII, Series
2002-KEY2, Class A2
4.467% due 03/18/2036		319,919		305,916
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		135,252		135,903
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C26, Class A3
6.011% due 06/15/2045 (b)		524,000		474,128
Wachovia Bank Commercial Mortgage Trust,
Series 2002-C1, Class A4
6.287% due 04/15/2034		337,000		332,915
Wachovia Bank Commercial Mortgage Trust,
Series 2002-C2, Class A4
4.98% due 11/15/2034		1,087,000		1,020,503
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C5, Class A2
3.989% due 06/15/2035		166,000		149,387
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C6, Class A3
4.957% due 08/15/2035		1,164,000		1,126,259
Wachovia Bank Commercial Mortgage Trust,
Series 2003-C8, Class A3
4.445% due 11/15/2035		186,000		180,180
Wachovia Bank Commercial Mortgage Trust,
Series 2004-C10, Class A4
4.748% due 02/15/2041		176,000		159,206
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C18, Class A4
4.935% due 04/15/2042		51,000		45,514
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C26, Class APB
5.997% due 06/15/2045		375,000		350,418
WaMu Mortgage Pass Through Certificates, Series
2006-AR12, Class 1A1
6.067% due 10/25/2036 (b)		278,487		255,072
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $67,111,524)			$	65,809,016
ASSET BACKED SECURITIES - 10.94%
Americredit Prime Automobile Receivable,
Series 2007-1, Class A3
5.12% due 11/08/2011 (b)		538,000		536,358

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Capital One Multi-Asset Execution Trust, Series
2005-A6, Class A6
2.8406% due 07/15/2015 (b)	$	397,000	$	358,037
Capital One Multi-Asset Execution Trust, Series
2006-A11, Class A11
2.5775% due 06/17/2019 (b)		1,792,000		1,440,635
Capital One Multi-Asset Execution Trust, Series
2006-A5, Class A5
2.8775% due 01/15/2016 (b)		450,000		399,331
Capital One Multi-Asset Execution Trust, Series
2006-A7, Class A7
2.8475% due 03/17/2014 (b)		143,000		134,127
Capital One Multi-Asset Execution Trust, Series
2007-A4, Class A4
2.8475% due 03/16/2015 (b)		790,000		685,859
Capital One Multi-Asset Execution Trust, Series
2007-A6, Class A6
2.5575% due 05/15/2013 (b)		507,000		493,336
Capital One Multi-Asset Execution Trust, Series
2008-A3, Class A3
5.05% due 02/15/2016		4,152,000		3,893,143
Capital One Multi-Asset Execution Trust, Series
2008-A5, Class A5
4.85% due 02/18/2014		596,000		579,162
Capital One Multi-Asset Execution Trust,
Series 2007-A7, Class A7
5.75% due 07/15/2020		880,000		772,482
Citicorp Residential Mortgage Securities, Inc.,
Series 2006-1, Class A1
5.956% due 07/25/2036		36,534		36,365
Citicorp Residential Mortgage Securities, Inc.,
Series 2006-1, Class A2
5.682% due 07/25/2036		280,000		276,805
Citicorp Residential Mortgage Securities, Inc.,
Series 2006-2, Class A2
5.557% due 09/25/2036		306,000		302,644
Citigroup Mortgage Loan Trust, Inc.,
Series 2007-AHL1, Class A2A
3.2469% due 12/25/2036 (b)		211,862		195,357
Countrywide Asset-Backed Certificates,
Series 2006-S1, Class A2
5.549% due 08/25/2021		416,272		378,238
Daimler Chrysler Master Owner Trust, Series
2006-A, Class A
2.5175% due 11/15/2011 (b)		1,239,000		1,177,825
Discover Card Master Trust I, Series 2003-3, Class
A
2.6875% due 09/15/2012 (b)		284,000		275,681
Discover Card Master Trust I, Series 2006-2, Class
A2
2.5175% due 01/16/2014 (b)		980,000		914,291
Discover Card Master Trust I, Series 2006-2, Class
A3
2.5675% due 01/19/2016 (b)		405,000		356,397
Discover Card Master Trust, Series 2007-A2, Class
A2
3.1588% due 06/15/2015 (b)		678,000		612,597
Discover Card Master Trust, Series 2008-A3, Class
A3
5.10% due 10/15/2013		1,249,000		1,219,922

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

50

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Discover Card Master Trust, Series 2008-A4, Class
A4
5.65% due 12/15/2015	$	2,352,000	$	2,240,428
Discover Card Master Trust,
Series 2007-A1, Class A1
5.65% due 03/16/2020		869,000		753,200
Dominos Pizza Master Issuer LLC,
Series 2007-1, Class A2
5.261% due 04/25/2037 (g)		480,000		389,263
Ford Credit Auto Owner Trust, Series 2006-C,
Class A4A
5.15% due 02/15/2012		479,000		468,610
Ford Credit Auto Owner Trust,
Series 2007-B, Class A4A
5.24% due 07/15/2012		100,000		94,909
Ford Credit Floorplan Master Owner Trust, Series
2006-4, Class A
2.7375% due 06/15/2013 (b)		815,000		810,170
Great America Leasing Receivables,
Series 2006-1, Class A3
5.34% due 01/15/2010 (g)		272,985		273,259
Harley-Davidson Motorcycle Trust, Series 2007-2,
Class A4
5.12% due 08/15/2013		356,000		348,736
Harley-Davidson Motorcycle Trust,
Series 2008-1, Class A3A
4.25% due 02/15/2013		424,000		411,853
Honda Auto Receivables Owner Trust, Series
2008-1, Class A4
4.88% due 09/18/2014		320,000		306,435
Huntington Auto Trust, Series 2008-1A, Class A3A
4.81% due 04/16/2012		1,168,000		1,132,941
Huntington Auto Trust, Series 2008-1A, Class A4
5.64% due 02/15/2013		1,444,000		1,429,203
Hyundai Auto Receivables Trust, Series 2008-A,
Class A4
5.48% due 11/17/2014		253,000		242,136
Morgan Stanley ABS Capital I,
Series 2007-HE2, Class A2A
3.2469% due 01/25/2037 (b)		125,216		118,185
Morgan Stanley Home Equity Loans,
Series 2007-1, Class A1
3.2569% due 12/25/2036 (b)		113,769		107,111
Nissan Auto Receivables Owner Trust,
Series 2007-B, Class A4
5.16% due 03/17/2014		206,000		201,771
Ownit Mortgage Loan Asset-Backed
Certificates, Series 2006-1, Class AF1
1.00% due 12/25/2036 (b)		14,424		14,286
SLM Student Loan Trust, Series 2005-6, Class A5B
2.93% due 07/27/2026 (b)		1,290,000		1,244,265
SLM Student Loan Trust, Series 2008-4, Class A4
4.45% due 01/24/2017 (b)		250,000		247,774
SLM Student Loan Trust, Series 2008-6, Class A4
3.4231% due 07/25/2023 (b)		1,328,000		1,291,896
SLM Student Loan Trust, Series 2008-8, Class A4
4.3006% due 04/25/2023 (b)		1,598,000		1,496,877
Swift Master Auto Receivables Trust, Series
2007-1, Class A
2.5875% due 06/15/2012 (b)		323,000		287,293

Core Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Triad Auto Receivables Owner Trust,
Series 2006-B, Class A3
5.41% due 08/12/2011	$	654,078	$	646,936
Triad Auto Receivables Owner Trust,
Series 2006-C, Class A3
5.26% due 11/14/2011		378,874		372,068
Volkswagen Auto Loan Enhanced Trust, Series
2008-1, Class A3
4.50% due 07/20/2012		429,000		421,610
Washington Mutual Master Note Trust, Series
2007-A2, Class A2
2.5175% due 05/15/2014 (b)		172,000		141,611
Washington Mutual Master Note
Trust, Series 2006-A2A, Class A
2.5375% due 06/15/2015 (b)(g)		481,000		413,732
TOTAL ASSET BACKED SECURITIES
(Cost $32,248,278)			$	30,945,150
REPURCHASE AGREEMENTS - 0.48%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$1,347,047 on 10/01/2008,
collateralized by $1,345,000
Federal Home Loan Mortgage
Corp., 5.20% due 10/24/2012
(valued at $1,378,625, including
interest)	$	1,347,000	$	1,347,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,347,000)			$	1,347,000
SHORT TERM INVESTMENTS - 4.04%
Deutsche Bank Financial LLC
1.50% due 10/01/2008	$	2,646,000	$	2,646,000
Greenwich Capital Holdings Funding
5.45% due 10/01/2008		4,394,000		4,394,000
UBS Finance Delaware LLC
3.00% due 10/01/2008		4,394,000		4,394,000
TOTAL SHORT TERM INVESTMENTS
(Cost $11,434,000)			$	11,434,000
Total Investments (Core Bond Trust)
(Cost $354,088,368) - 122.73%			$	347,200,556
Liabilities in Excess of Other Assets - (22.73)%				(64,311,613)
TOTAL NET ASSETS - 100.00%			$	282,888,943
Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
FEDERAL HOME LOAN MORTGAGE CORP. - 4.80%
Federal Home Loan Mortgage Corp.
6.50%, TBA **	$	1,000,000	$	1,025,312
TOTAL FEDERAL HOME LOAN MORTGAGE
CORP. (Proceeds $1,027,188)			$	1,025,312

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

51

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

		Shares or
		Principal
		Amount		Value
FEDERAL NATIONAL MORTGAGE
ASSOCIATION - 95.20%
Federal National Mortgage Association
4.50%, TBA **	$	8,000,000	$	7,568,750
5.00%, TBA **		11,000,000	$	10,778,278
5.50%, TBA **		2,000,000	$	1,991,875
TOTAL FEDERAL NATIONAL MORTGAGE
ASSOCIATION (Proceeds $20,586,641)			$	20,338,903
Total Securities Sold Short (Core Bond Trust)
(Proceeds $21,613,828)			$	21,364,215
Core Equity Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 92.96%
Basic Materials - 0.54%
Nucor Corp.		59,300	$	2,342,350
Communications - 24.56%
Amazon.com, Inc. *		430,500		31,323,180
Cisco Systems, Inc. *		613,800		13,847,328
eBay, Inc. *		859,600		19,237,848
Google, Inc., Class A *		30,900		12,376,068
Time Warner, Inc.		1,206,400		15,815,904
Yahoo!, Inc. *		859,900		14,876,270
				107,476,598
Consumer, Cyclical - 6.55%
J.C. Penney Company, Inc.		235,100		7,838,234
Sears Holdings Corp. *		222,900		20,841,150
				28,679,384
Consumer, Non-cyclical - 7.67%
Amgen, Inc. *		225,042		13,338,239
UnitedHealth Group, Inc.		796,500		20,223,135
				33,561,374
Financial - 23.47%
Aetna, Inc.		696,500		25,150,615
American Express Company		28,100		995,583
Bank of America Corp.		128,595		4,500,825
Capital One Financial Corp.		256,000		13,056,000
Citigroup, Inc.		1,147,850		23,542,404
JPMorgan Chase & Company		384,800		17,970,160
Merrill Lynch & Company, Inc.		514,200		13,009,260
NYSE Euronext		114,100		4,470,438
				102,695,285
Industrial - 8.55%
3M Company		11,200		765,072
Eastman Kodak Company		1,108,400		17,047,192
General Electric Company		769,400		19,619,700
				37,431,964
Technology - 15.29%
CA, Inc.		522,525		10,429,599
Electronic Arts, Inc. *		278,100		10,286,919
EMC Corp. *		113,200		1,353,872
Hewlett-Packard Company		390,100		18,038,224
International Business Machines Corp.		147,400		17,239,904

Core Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Microsoft Corp.		28,100	$	749,989
Texas Instruments, Inc.		409,100		8,795,650
				66,894,157
Utilities - 6.33%
AES Corp. *		2,368,500		27,687,765
TOTAL COMMON STOCKS (Cost $508,802,631)			$	406,768,877
REPURCHASE AGREEMENTS - 6.84%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$29,938,039 on 10/01/2008,
collateralized by $30,965,000
Federal Home Loan Mortgage
Corp., zero coupon due
03/30/2009 (valued at
$30,539,231, including interest)	$	29,937,000	$	29,937,000
TOTAL REPURCHASE AGREEMENTS
(Cost $29,937,000)			$	29,937,000
Total Investments (Core Equity Trust)
(Cost $538,739,631) - 99.80%			$	436,705,877
Other Assets in Excess of Liabilities - 0.20%				882,463
TOTAL NET ASSETS - 100.00%			$	437,588,340
Disciplined Diversification Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 67.40%
Basic Materials - 4.94%
Acerinox SA		967	$	17,321
Acos Villares SA		14,000		6,621
Adeka Corp.		500		3,161
African Rainbow Minerals, Ltd.		284		5,456
Agnico-Eagle Mines, Ltd.		300		16,378
Agrium, Inc.		400		22,363
Aichi Steel Corp.		1,000		4,099
Air Liquide		269		29,559
Air Products & Chemicals, Inc.		300		20,547
Air Water, Inc. *		1,000		10,076
Airgas, Inc.		400		19,860
AK Steel Holding Corp.		200		5,184
Akzo Nobel NV		282		13,538
Albemarle Corp.		300		9,252
Alcoa, Inc.		1,500		33,870
Allegheny Technologies, Inc.		500		14,775
Alumina, Ltd.		1,000		10,100
Aluminum Corp. China, Ltd., ADR		300		4,545
AMCOL International Corp.		200		6,252
Aneka Tambang Tbk PT		15,000		2,280
Angang New Steel Company, Ltd., Class H		6,000		5,565
Anglo American PLC		1,705		57,594
Anglo Platinum, Ltd.		59		5,380

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

52

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
AngloGold Ashanti, Ltd., SADR	500	$	11,550
Antofagasta PLC	1,583		11,499
Anvil Mining, Ltd. *	400		1,706
Aquila Resources, Ltd. *	655		4,802
Aracruz Celulose SA, SADR	300		11,013
ArcelorMittal	1,500		74,070
Arch Chemicals, Inc.	200		7,060
Arkema	378		13,955
Asahi Kasei Corp.	5,000		21,037
Ashland, Inc.	400		11,696
Balchem Corp.	100		2,667
Barrick Gold Corp.	1,600		58,588
BASF SE	1,167		55,638
Bayer AG	1,196		87,592
BHP Billiton PLC	1,800		82,638
BHP Billiton, Ltd., SADR	2,800		145,572
Billerud Aktibolag AB	300		2,140
Biogen Idec, Inc. *	500		25,145
Bluescope Steel, Ltd.	2,083		12,276
Brush Engineered Materials, Inc. *	100		1,857
Buckeye Technologies, Inc. *	300		2,457
Cabot Corp.	400		12,712
Cameco Corp.	600		13,001
Canfor Corp. *	600		4,600
CAP SA *	251		6,316
Carpenter Technology Corp.	200		5,130
Cascades, Inc.	500		2,918
Celanese Corp., Series A	300		8,373
Centamin Egypt, Ltd. *	3,447		2,185
Century Aluminum Company *	200		5,538
CF Industries Holdings, Inc.	100		9,146
Chemtura Corp.	1,500		6,840
Cheng Loong Corp.	35,000		8,353
China Petrochemical Development Corp. *	10,000		2,411
China Steel Corp.	13,390		13,383
Chung Hung Steel Corp.	7,000		3,183
Cia Minera Autlan SAB de CV	400		1,902
Ciba Holding AG	298		12,755
Ciech SA	414		8,913
Clariant AG *	1,785		17,383
Cliffs Natural Resources, Inc.	200		10,588
Companhia Siderurgica Nacional SA, ADR	800		17,008
Companhia Vale Do Rio Doce, ADR *	1,500		28,725
Companhia Vale Do Rio Doce, SADR *	2,100		37,170
Compass Minerals International, Inc.	200		10,478
Croda International PLC	768		8,372
Crystallex International Corp. *	1,900		1,518
Cytec Industries, Inc.	300		11,673
D.S. Smith PLC	3,814		7,397
Daicel Chemical Industries, Ltd.	2,000		8,997
Daido Steel Company, Ltd.	3,000		15,877
Dainichiseika Color & Chemicals
Manufacturing Company, Ltd.	1,000		3,002
Dainippon Ink & Chemicals, Inc.	3,000		5,682
Daio Paper Corp.	1,000		8,414
DC Chemical Company, Ltd.	30		8,248

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
Deltic Timber Corp.	100	$	6,364
Denison Mines Corp. *	1,200		3,541
Denki Kagaku Kogyo Kabushiki Kaisha	4,000		10,523
Dongkuk Steel Mill Company, Ltd.	190		5,868
Dow Chemical Company	1,800		57,204
Dowa Mining Company, Ltd.	2,000		8,968
Drdgold, Ltd. *	16,937		7,829
DSM NV	478		22,609
Dundee Precious Metals, Inc. *	400		1,616
E.I. Du Pont de Nemours & Company	1,500		60,450
Eastern Platinum, Ltd. *	3,600		3,315
Eastman Chemical Company	200		11,012
Ecolab, Inc.	300		14,556
Eldorado Gold Corp. *	1,200		7,487
Elementis PLC	3,596		4,250
Eli Lilly & Company	1,700		74,851
Empresas CMPC SA	411		12,277
EMS-Chemie Holding AG	77		9,030
Equinox Minerals, Ltd. *	2,200		5,209
Eramet	11		4,214
Eregli Demir ve Celik Fabrikalari TAS	1,533		7,710
European Goldfields, Ltd. *	900		2,503
Ferro Corp.	100		2,010
First Quantum Minerals, Ltd.	400		15,034
FMC Corp.	200		10,278
FNX Mining Company, Inc. *	400		4,232
Formosa Chemicals & Fibre Corp.	10,000		17,354
Formosa Plastic Corp.	9,000		14,621
Fortescue Metals Group, Ltd. *	1,492		5,677
Freeport-McMoRan Copper & Gold, Inc.,
Class B	800		45,480
Gem Diamonds, Ltd. *	504		6,295
Gerdau Ameristeel Corp.	600		5,779
Gerdau SA, SADR	3,100		34,410
Gerdau SA	800		7,630
Gibraltar Industries, Inc.	200		3,742
Givaudan AG	33		27,563
Gold Fields, Ltd., SADR	3,400		32,606
Goldcorp, Inc.	1,469		46,201
Golden Star Resources, Ltd. *	1,500		2,255
Grupo Empresarial Ence SA	533		3,956
Grupo Mexico SA	7,953		8,363
Gunns, Ltd.	1,405		1,308
H.B. Fuller Company	200		4,174
Harmony Gold Mining Company, Ltd., SADR *	1,800		17,424
Harry Winston Diamond Corp.	200		2,631
Hecla Mining Company *	500		2,340
Hokuetsu Paper Mills, Ltd.	1,000		4,385
Holmen AB, Series B	400		13,015
Honam Petrochemical Corp.	136		7,838
HudBay Minerals, Inc. *	800		5,269
Hunan Non Ferrous Metal Corp., Ltd.	12,000		1,513
Hyundai Steel Company	333		16,707
IAMGOLD Corp.	1,900		10,480
Iluka Resources, Ltd. *	2,208		8,387
Impala Platinum Holdings, Ltd.	430		8,778

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

53

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
Incitec Pivot, Ltd. *	1,260	$	5,048
Industrias Penoles SA de CV	365		4,452
Inmet Mining Corp.	300		13,970
International Flavors & Fragrances, Inc.	300		11,838
International Nickel Indonesia Tbk PT	24,000		7,690
International Paper Company	1,200		31,416
IronX Mineracao SA *	300		4,367
Ivanhoe Mines, Ltd. *	1,000		6,061
Izmir Demir Celik Sanayi AS	3,950		7,551
JFE Holdings, Inc.	500		15,508
Johnson Matthey PLC	523		12,723
JSR Corp.	600		8,001
JSW Steel, Ltd.	434		4,433
K&S AG	220		15,254
Kaiser Aluminum Corp.	100		4,295
Kaneka Corp.	2,000		11,049
Kansai Paint Company, Ltd.	2,000		12,405
Kazakhmys PLC	644		6,763
KCC Corp.	23		7,175
KGHM Polska Miedz SA	473		10,019
Kimberly-Clark de Mexico SA de CV	2,300		9,989
Kingboard Chemical Holdings, Ltd.	2,000		6,829
Kinross Gold Corp.	1,800		28,905
KISCO Corp. *	35		1,370
Kiswire, Ltd.	260		9,995
Kloeckner & Company SE	166		3,811
Kobe Steel Company, Ltd.	4,000		8,049
Korea Iron & Steel Company, Ltd.	10		392
Korea Zinc Company, Ltd.	62		5,015
Kronos Worldwide, Inc.	200		2,650
Kuala Lumpur Kepong BHD	1,000		2,806
Kumba Resources, Ltd.	580		6,082
La Seda de Barcelona SA	1,841		1,773
Lanxess AG	564		15,533
LG Chem, Ltd.	237		18,595
Lihir Gold, Ltd. *	7,823		15,892
Lintec Corp.	200		3,283
Lonmin PLC, ADR	153		6,258
Lonza Group AG	192		24,090
Louisiana-Pacific Corp.	1,100		10,230
Lubrizol Corp.	400		17,256
Lundin Mining Corp. *	1,400		4,157
Major Drilling Group International Company,
Inc. *	100		2,788
MeadWestvaco Corp.	800		18,648
Methanex Corp.	300		5,877
Metorex, Ltd. *	1,710		2,723
Mexichem SAB de CV *	4,500		8,188
Minerals Technologies, Inc.	100		5,936
Mitsubishi Chemical Holdings Corp., ADR	5,500		29,072
Mitsubishi Gas & Chemicals Company, Inc.	2,000		9,672
Mitsubishi Materials Corp.	5,000		15,705
Mitsubishi Paper Mills, Ltd.	2,000		4,251
Mitsui Chemicals, Inc.	2,000		8,817
Mitsui Mining & Smelting Company, Ltd.	3,000		7,002
Mittal Steel South Africa, Ltd.	337		6,801

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
MMX Mineracao e Metalicos SA *	300	$	1,403
Mondi PLC	1,178		5,498
Mondi, Ltd.	778		4,251
Mongolia Energy Company, Ltd. *	18,000		9,693
Monsanto Company	800		79,184
Mount Gibson Iron, Ltd. *	1,612		2,148
M-real Oyj, Series B	5,400		9,780
Murchison Metals, Ltd. *	396		411
Nan Ya Plastics Corp.	12,000		17,781
Newcrest Mining, Ltd.	770		15,999
Newmont Mining Corp.	800		31,008
Nine Dragons Paper Holdings, Ltd.	16,000		5,985
Nippon Kayaku Company, Ltd.	1,000		6,004
Nippon Light Metal Company, Ltd.	3,000		3,522
Nippon Paint Company, Ltd.	2,000		8,132
Nippon Paper Group, Inc.	3		8,767
Nippon Steel Corp.	8,000		30,201
Nippon Yakin Kogyo Company, Ltd.	500		1,845
Nippon Zeon Company	1,000		3,505
Nisshin Steel Company	3,000		5,803
Nitto Denko Corp.	700		17,808
Nl Industries, Inc.	400		4,108
NOF Corp.	1,000		3,377
Norske Skogindustrier ASA *	3,500		14,460
North American Palladium, Ltd. *	200		413
Northgate Minerals Corp. *	1,600		2,135
Nova Chemicals Corp.	600		13,187
Nucor Corp.	700		27,650
Nufarm, Ltd.	604		7,393
Oji Paper Company, Ltd.	3,000		15,082
Olin Corp.	400		7,760
Olympic Steel, Inc.	100		2,949
OM Group, Inc. *	200		4,500
OneSteel, Ltd.	3,462		12,806
Outokumpu Oyj	793		12,634
Oxiana, Ltd.	4,075		5,171
P.H. Glatfelter Company	200		2,708
Palabora Mining Comany, Ltd.	99		1,016
Paladin Resources, Ltd. *	2,345		7,247
Pan American Silver Corp. *	300		6,529
Pan Australian Resources, Ltd. *	4,440		1,948
PaperlinX, Ltd.	2,897		4,430
Penford Corp.	100		1,769
PolyOne Corp. *	600		3,870
Portucel - Empresa Produtora de Pasta e
Papel SA	3,115		8,206
POSCO, SADR	500		46,685
Potash Corp. of Saskatchewan, Inc.	400		51,856
PPG Industries, Inc.	500		29,160
Praxair, Inc.	500		35,870
Precious Woods Holding AG *	138		9,407
PTT Chemical PCL	3,200		5,481
Quadra Mining, Ltd. *	300		3,419
Quaker Chemical Corp.	100		2,846
Rautaruukki Oyj *	455		9,093
Reliance Steel & Aluminum Company	500		18,985

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

54

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
Rengo Company, Ltd.	2,000	$	13,333
Rhodia SA	508		7,938
Rio Tinto, Ltd.	383		25,807
Rock-Tenn Company, Class A	200		7,996
Rockwood Holdings, Inc. *	500		12,830
Rohm & Haas Company	600		42,000
Royal Gold, Inc.	200		7,192
RPM International, Inc.	600		11,604
RTI International Metals, Inc. *	100		1,956
Russel Metals, Inc.	400		8,645
Sakai Chemical Industry Company, Ltd.	1,000		2,707
Salzgitter AG	206		20,832
Samsung Fine Chemicals Company, Ltd.	82		3,676
Samuel Manu-Tech, Inc.	100		937
Sanyo Chemical Industries, Ltd.	1,000		4,853
Sanyo Special Steel Company, Ltd.	1,000		5,216
Sappi, Ltd., SADR	1,600		16,000
Schnitzer Steel Industries, Inc.	100		3,924
Seah Besteel Corp.	440		9,833
Semafo, Inc. *	1,800		1,928
Sensient Technologies Corp.	300		8,439
SGL Carbon AG *	159		6,181
Sherwin-Williams Company	200		11,432
Shin-Etsu Chemical Company, Ltd.	500		23,775
Shore Gold, Inc. *	1,200		1,240
Shougang Concord International Enterprises
Company, Ltd.	12,000		1,730
Showa Denko K.K.	4,000		8,434
Sigma-Aldrich Corp.	200		10,484
Silver Standard Resources, Inc. *	200		3,214
Silver Wheaton Corp. *	900		7,298
Silvercorp Metals, Inc.	500		1,466
Sino Gold, Ltd. *	926		2,964
Sinofert Holdings, Ltd.	8,000		4,033
Sino-Forest Corp. *	1,100		13,860
Sinopec Shanghai Petrochemical Company,
Ltd., SADR	300		6,666
SK Chemicals Company, Ltd.	64		1,783
Sociedad Quimica y Minera de
Chile SA, ADR, B Shares	300		7,563
Solvay SA	167		20,499
Southern Copper Corp.	900		17,172
SSAB Svenskt Stal AB, Series A	700		11,131
SSAB Svenskt Stal AB, Series B	200		2,763
Steel Dynamics, Inc.	300		5,127
Stepan Company	100		5,457
Stillwater Mining Company *	400		2,324
Stora Enso Oyj, Series R	2,684		26,226
Straits Resources, Ltd.	839		1,636
Sumitomo Bakelite Company, Ltd.	3,000		12,830
Sumitomo Chemical Company, Ltd.	2,000		8,835
Sumitomo Forestry Company, Ltd.	700		4,085
Sumitomo Metal Industries, Ltd.	6,000		18,601
Sumitomo Metal Mining Company, Ltd.	2,000		20,043
Svenska Cellulosa AB, ADR	2,040		21,610
Symrise AG	391		6,638
Symyx Technologies, Inc. *	200		1,982

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
Syngenta AG	1,000	$	42,320
Taekwang Industrial Company, Ltd.	5		3,985
Taiwan Fertilizer Company, Ltd.	2,000		3,736
Taiyo Nippon Sanso Corp.	1,000		7,922
Takasago International Corp.	1,000		4,820
Taseko Mines, Ltd. *	900		1,784
Tata Steel, Ltd.	654		6,035
Teck Cominco, Ltd.	1,300		36,914
Temple-Inland, Inc.	700		10,682
Terra Industries, Inc.	400		11,760
The Mosaic Company	700		47,614
Thompson Creek Metals Company, Inc. *	400		3,706
Thyssen Krupp AG	865		25,971
Timah Tbk PT	15,000		2,612
Timminco, Ltd. *	300		4,116
Toagosei Company, Ltd.	1,000		2,549
Tokai Carbon Company, Ltd.	1,000		7,335
Tokuyama Corp.	2,000		11,604
Tokyo Ohka Kogyo Company, Ltd.	300		4,755
Tokyo Steel Manufacturing Company, Ltd.	700		7,735
Ton Yi Industrial Corp.	10,000		3,843
Tosoh Corp.	2,000		5,902
Toyo Ink Manufacturing Company, Ltd.	1,000		2,953
Tubos Reunidos SA	599		2,243
Tung Ho Steel Enterprise Corp.	3,000		2,514
Ube Industries, Ltd.	3,000		8,089
Uex Corp. *	800		1,135
Ultrapar Participacoes SA, ADR	300		7,506
Ultrapar Participacoes SA	200		5,307
Umicore	220		6,794
Union Tool Company, Ltd.	100		2,358
United States Steel Corp.	200		15,522
Universal Stainless & Alloy Products, Inc. *	100		2,555
UPM-Kymmene Oyj	2,506		39,100
Uranium One, Inc. *	3,000		6,483
USI Corp.	23,000		8,653
Usinas Siderurgicas de Minas Gerais SA	500		10,077
Valhi, Inc.	400		7,200
Valspar Corp.	600		13,374
Vedanta Resources PLC	496		10,396
Voestalpine AG	415		12,968
Votorantim Celulose e Papel SA, SADR *	300		4,623
W. R. Grace & Company *	400		6,048
Wacker Chemie AG	47		6,710
Wausau-Mosinee Paper Corp.	400		4,052
West Fraser Timber Company, Ltd.	300		9,835
Westlake Chemical Corp.	400		8,412
Weyerhaeuser Company	800		48,464
Xstrata PLC	965		30,074
Yamana Gold, Inc.	2,700		22,199
Yamato Kogyo Company, Ltd.	300		10,483
Yara International ASA	310		11,033
Yodogawa Steel Works, Ltd.	1,000		4,481
Young Poong Corp.	8		2,860
Zaklady Azotowe Pulawy SA *	263		8,403
Zijin Mining Group, Ltd.	6,000		3,034

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

55

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
Zoltek Companies, Inc. *	200	$	3,422
			4,341,170
Communications - 5.40%
Adaptec, Inc. *	900		2,952
ADTRAN, Inc.	300		5,847
Aegis Group PLC	2,850		4,776
Akamai Technologies, Inc. *	300		5,232
Alaska Communications Systems Group, Inc.	100		1,223
Alcatel-Lucent, SADR *	1,300		4,992
Alcatel-Lucent *	3,077		11,858
Amazon.com, Inc. *	600		43,656
Amdocs, Ltd. *	700		19,166
America Movil SA de CV, Series L, ADR	1,100		50,996
American Tower Corp., Class A *	500		17,985
Anixter International, Inc. *	200		11,902
APN News & Media, Ltd.	1,872		4,883
Ariba, Inc. *	400		5,652
Arris Group, Inc. *	700		5,411
Art Technology Group, Inc. *	500		1,760
Aruba Networks, Inc. *	400		2,052
ASATSU-DK, Inc.	200		5,697
Ascom Holding AG *	1,120		9,361
Astral Media, Inc.	300		9,001
AT&T, Inc.	12,000		335,040
Atheros Communications, Inc. *	200		4,716
Atlantic Tele-Network, Inc.	100		2,800
Austar United Communications, Ltd. *	4,628		4,220
Avocent Corp. *	300		6,138
B2W Companhia Global Do Varejo	300		7,243
Belgacom SA	213		8,025
Belo Corp., Class A	600		3,576
Bharti Telecom, Ltd. *	528		8,957
Black Box Corp.	100		3,453
Blue Nile, Inc. *	100		4,287
British Sky Broadcasting Group PLC, ADR	500		14,850
BT Group PLC (a)	1,600		46,416
Cable & Wireless PLC	7,364		21,868
Cablevision Systems Corp., Class A	500		12,580
Caltagirone Editore SpA	265		1,162
Carso Global Telecom SAB de CV *	1,800		9,217
CBS Corp., Class B	700		10,206
Centennial Communications Corp., Class A *	500		3,120
CenturyTel, Inc.	500		18,325
Cheil Communications, Inc.	18		3,379
China Mobile, Ltd., SADR	2,000		100,160
China Netcom Group Corp Hong Kong Ltd	200		9,096
China Telecom Corp., Ltd. ADR	200		8,180
China Unicom, Ltd., ADR	600		9,072
Chordiant Software, Inc. *	2,100		10,773
Chunghwa Telecom Company, Ltd., ADR *	600		14,202
Ciena Corp. *	500		5,040
Cincinnati Bell, Inc. *	1,200		3,708
CIR-Compagnie Industriali Riunite SpA	2,773		4,807
Cisco Systems, Inc. *	5,900		133,104
Cogeco Cable, Inc.	100		3,744
Cogent Communications Group, Inc. *	200		1,544

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Comcast Corp., Class A	4,200	$	82,446
Comcast Corp., Special Class A	1,700		33,524
CommScope, Inc. *	400		13,856
Comtech Telecommunications Corp. *	200		9,848
Consolidated Communications Holdings, Inc.	200		3,016
Corning, Inc.	1,600		25,024
Corus Entertainment, Inc., Class B	500		8,546
CPI International, Inc. *	700		10,136
Crown Castle International Corp. *	500		14,485
Cybersource Corp. *	400		6,444
Daily Mail and General Trust PLC	1,124		6,487
DealerTrack Holdings, Inc. *	200		3,368
Dentsu, Inc.	5		10,056
Deutsche Telekom AG	6,093		92,536
Digi.Com BHD	700		4,570
Digital River, Inc. *	200		6,480
DIRECTV Group, Inc. *	1,400		36,638
DISH Network Corp. *	400		8,400
D-Link Corp.	7,000		6,053
Earthlink, Inc. *	400		3,400
eBay, Inc. *	1,700		38,046
Elisa Oyj, Class A	934		18,327
Embarq Corp.	300		12,165
Ementor ASA *	100		431
Empresa Nacional de Telecomunicaciones SA	753		9,543
EMS Technologies, Inc. *	200		4,462
Equinix, Inc. *	200		13,892
eResearch Technology, Inc. *	200		2,382
Ericsson LM, Series B	3,000		28,490
Eutelsat Communications *	178		4,735
EW Scripps Co.	100		707
Exfo Electro Optical Engineering, Inc. *	500		1,649
F5 Networks, Inc. *	300		7,014
Fairpoint Communications, Inc.	300		2,601
Fisher Communications, Inc. *	100		3,940
Foundry Networks, Inc. *	800		14,568
Foxconn International Holdings, Ltd. *	8,000		3,578
France Telecom SA	2,000		56,020
France Telecom SA	778		21,823
Freenet AG *	594		5,387
Frontier Communications Corp.	1,000		11,500
Gannett Company, Inc.	500		8,455
General Communication, Inc., Class A *	300		2,778
Glacier Media, Inc. *	600		1,748
Global Village Telecom Holding SA *	500		7,565
GN Store Nord AS *	2,000		8,729
Google, Inc., Class A *	400		160,208
Groupe Aeroplan, Inc.	1,100		13,633
Grupo Iusacell SA de CV *	300		2,155
Grupo Televisa SA, SADR	1,400		30,618
GSI Commerce, Inc. *	100		1,548
Hakuhodo DY Holdings, Inc.	190		9,373
Harmonic, Inc. *	500		4,225
Harris Corp.	300		13,860
Harte-Hanks, Inc.	400		4,148
Hearst Argyle Television, Inc.	200		4,466

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

56

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Hellenic Telecommunications Organization SA	332	$	5,968
Hitachi Kokusai Electric, Inc.	1,000		6,069
Hughes Communications, Inc. *	100		3,670
Hutchison Telecommunications
International, Ltd. *	7,000		7,817
Hypercom Corp. *	400		1,592
IAC/InterActiveCorp *	300		5,190
iBasis, Inc. *	600		2,094
Idea Cellular, Ltd. *	2,091		3,485
Iliad SA	93		7,749
Indosat Tbk PT, ADR (a)	300		9,798
Informa PLC	2,154		12,148
Inmarsat PLC	1,907		16,672
InterDigital, Inc. *	200		4,810
Internet Capital Group, Inc. *	300		2,433
Interpublic Group of Companies, Inc. *	1,500		11,625
Interwoven, Inc. *	300		4,236
inVentiv Health, Inc. *	200		3,532
Iowa Telecommunications Services, Inc.	200		3,736
iPCS, Inc. *	100		2,227
Ipsos SA	285		8,393
ITV PLC	17,379		13,051
Ixia *	400		2,948
J2 Global Communications, Inc. *	200		4,670
JC Decaux SA	388		8,496
JDS Uniphase Corp. *	700		5,922
John Fairfax Holdings, Ltd.	7,178		15,380
John Wiley & Sons, Inc., Class A	300		12,135
Johnston Press PLC	3,508		2,014
Juniper Networks, Inc. *	900		18,963
KDDI Corp.	4		22,659
Kingston Communications PLC	13,206		4,999
Knology, Inc. *	200		1,614
Koninklijke (Royal) KPN NV	2,561		36,986
KT Corp., SADR	400		6,716
KT Freetel Company, Ltd. *	360		8,921
Kudelski SA	786		9,716
KVH Industries, Inc. *	1,100		10,109
Lagardere S.C.A.	615		27,722
Lamar Advertising Company, Class A *	300		9,267
Leap Wireless International, Inc. *	400		15,240
Level 3 Communications, Inc. *	2,500		6,750
LG Dacom Corp.	290		5,151
LG Telecom, Ltd.	1,120		9,346
Liberty Media Corp. - Capital, Series A *	700		9,366
Liberty Media Corp. - Entertainment, Series A *	600		14,982
Liberty Media Holding Corp.-Interactive A *	2,500		32,275
Lionbridge Technologies, Inc. *	600		1,464
Liquidity Services, Inc. *	200		2,170
Loral Space & Communications, Inc. *	100		1,477
Magyar Telekom Telecommunications PLC	600		13,968
Manitoba Telecom Services, Inc.	200		7,376
Marchex, Inc., Class B	200		2,058
Maspro Denkoh Corp.	1,300		10,314
Mastec, Inc. *	400		5,316
McAfee, Inc. *	300		10,188

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
McGraw-Hill Companies, Inc.	400	$	12,644
Mediaset SpA	1,086		6,897
Meredith Corp.	300		8,412
Mobistar SA *	120		8,446
Modern Times Group AB, Series B	150		5,403
ModusLink Global Solutions, Inc. *	200		1,922
Monster Worldwide, Inc. *	500		7,455
MTN Group, Ltd.	2,716		38,324
Naspers, Ltd.	739		14,596
NCSoft Corp.	70		2,526
News Corp., Class A	1,900		22,781
News Corp	800		9,720
NIC, Inc. *	300		2,070
NICE Systems, Ltd., ADR *	300		8,172
NII Holdings, Inc. *	300		11,376
Nippon Denwa Shisetsu Company, Ltd.	4,000		9,880
Nippon Telegraph & Telephone Corp.	7		31,244
Nokia Oyj, SADR	3,600		67,140
Nortel Networks Corp. *	2,800		6,156
NTT Data Corp.	2		7,907
NTT DoCoMo, Inc.	19		30,413
Oki Electric Industry Company, Ltd. *	3,000		3,163
Omnicom Group, Inc.	400		15,424
OpNext, Inc. *	400		1,836
Overstock.com, Inc. *	100		1,981
PAETEC Holding Corp. *	400		860
PagesJaunes Groupe SA	521		7,270
Partner Communications Company, Ltd., ADR	200		3,684
PCCW, Ltd.	17,000		7,084
Pearson PLC, SADR	3,100		33,790
Philippine Long Distance Telephone
Company, SADR	200		11,268
Plantronics, Inc.	200		4,504
Polycom, Inc. *	500		11,565
Portugal Telecom, SGPS, SA	820		8,246
Powerwave Technologies, Inc. *	500		1,980
Premiere AG *	482		6,452
Premiere Global Services, Inc. *	200		2,812
Priceline.com, Inc. *	100		6,843
Promotora de Informaciones SA	515		3,478
PT Multimedia.com, SGPS, SA	747		5,524
PT Telekomunikiasi Indonesia, ADR	300		8,934
Publicis Groupe SA	605		19,056
PubliGroupe SA	25		3,712
Publishing & Broadcasting, Ltd.	1,657		3,309
Q9 Networks, Inc. *	200		3,091
QUALCOMM, Inc.	1,700		73,049
RCN Corp. *	200		2,452
RealNetworks, Inc. *	600		3,048
Reed Elsevier NV	1,323		19,627
Reed Elsevier PLC	500		20,070
Reliance Communications, Ltd.	814		5,873
RF Micro Devices, Inc. *	1,100		3,212
RightNow Technologies, Inc. *	200		2,514
Rogers Communications, Inc., Class B	700		22,705
SanomaWSOY Oyj	373		7,054

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

57

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Sapient Corp. *	300	$	2,229
SAVVIS, Inc. *	200		2,688
SBA Communications Corp. *	300		7,761
SBI Holdings, Inc.	94		14,072
Schibsted ASA	400		7,434
Scripps Networks Interactive, Inc., Class A	300		10,893
Seven Network, Ltd. *	870		4,469
Shaw Communications, Inc.	300		6,072
Shenandoah Telecommunications Company	200		4,414
Sierra Wireless, Inc. *	200		1,951
Sinclair Broadcast Group, Inc., Class A	300		1,512
Singapore Press Holdings, Ltd.	6,000		16,740
Singapore Telecommunications, Ltd.	11,000		25,143
Sirius XM Radio, Inc. *	4,200		2,394
SK Telecom Company, Ltd., ADR	500		9,410
Societe Television Francaise 1	412		7,299
Sonus Networks, Inc. *	1,600		4,608
Spirent Communications PLC	3,276		3,991
Sprint Nextel Corp.	5,700		34,770
SR Teleperformance SA	251		7,001
SupportSoft, Inc. *	600		1,800
Swisscom AG	61		18,179
Sycamore Networks, Inc. *	1,200		3,876
Symantec Corp. *	1,700		33,286
Syniverse Holdings, Inc. *	400		6,644
Tamedia AG	21		2,092
Tandberg ASA	534		7,276
Tekelec, Inc. *	400		5,596
Tele Norte Leste Participacoes SA, ADR	500		8,730
Tele Norte Leste Participacoes SA	300		6,148
Tele2 AB, Series B	1,200		13,695
Telecom Corp. of New Zealand, Ltd.	3,478		6,434
Telecom Italia SpA	12,146		18,077
Telecomunicacoes de Sao Paulo SA	1,000		23,200
Telecomunicacoes de Sao Paulo SA	600		12,234
Telefonaktiebolaget LM Ericsson, SADR	1,000		9,430
Telefonica Czech Republic AS	304		7,155
Telefonica SA, SADR	2,300		164,427
Telefonos de Mexico SA de CV, Class L, ADR	400		10,300
Telegraaf Media Groep NV	304		8,307
Telekom Austria AG	671		11,806
Telekomunikacja Polska SA	1,058		10,092
Telenet Group Holding NV *	120		2,482
Telenor ASA	500		6,226
Telephone & Data Systems, Inc. - Special
Shares	400		14,360
Telephone & Data Systems, Inc.	200		7,150
Television Broadcasting Company, Ltd.	3,000		12,739
Teliasonera AB	4,000		22,732
Telkom SA, Ltd., SADR	300		15,300
Telmex Internacional SAB de CV, ADR *	300		3,900
Telstra Corp., Ltd.	5,341		17,919
Telular Corp. *	700		1,687
Ten Network Holdings, Ltd.	3,755		4,869
Tencent Holdings, Ltd.	1,600		11,695
Terremark Worldwide, Inc. *	300		2,061

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
The New York Times Company, Class A	700	$	10,003
Thomson Corp.	500		13,592
Thomson Reuters PLC *	337		7,530
TIBCO Software, Inc. *	700		5,124
Time Warner, Inc.	6,800		89,148
Tiscali SpA *	1,290		2,182
Torstar Corp., Class B	400		4,322
Trend Micro, Inc.	500		18,951
Trinity Mirror PLC	1,806		2,745
Turkcell Iletisim Hizmetleri AS, ADR	300		4,497
TV Azteca SA de CV	5,600		3,518
TVN SA	1,226		9,222
TW Telecom, Inc. *	500		5,195
U.S. Cellular Corp. *	300		14,076
United Business Media, Ltd.	1,152		10,148
United Internet AG	441		4,742
United Online, Inc.	400		3,764
UTStarcom, Inc. *	1,100		3,707
VeriSign, Inc. *	300		7,824
Verizon Communications, Inc.	5,800		186,122
Viacom, Inc., Class B *	500		12,420
Viacom, Inc. *	100		2,486
Viasat, Inc. *	100		2,358
Vivendi SA	1,651		51,760
Vivo Participacoes SA, ADR *	1,600		6,624
Vivo Participacoes SA *	1,500		6,700
Vocus, Inc. *	100		3,396
Vodafone Group PLC	11,500		254,150
Walt Disney Company	3,600		110,484
WebMD Health Corp. *	100		2,974
Websense, Inc. *	200		4,470
West Australian Newspapers Holdings, Ltd.	648		4,735
Wi-LAN, Inc. *	1,000		1,372
Windstream Corp.	900		9,846
Wolters Kluwer NV	944		19,133
Woongjin Holdings Company, Ltd.	190		2,245
WPP Group PLC, SADR	400		16,280
Yahoo Japan Corp.	21		6,875
Yell Group PLC	5,278		7,304
Zee Entertainment Enterprises, Ltd.	1,516		6,593
			4,744,791
Consumer, Cyclical - 7.29%
99 Cents Only Stores *	500		5,485
Abercrombie & Fitch Company, Class A	500		19,725
Accor SA	335		17,891
Adidas-Salomon AG	365		19,498
Advance Auto Parts, Inc.	300		11,898
Advanced Digital Broadcast Holdings SA *	297		9,712
AEON Company, Ltd.	2,700		27,585
AFG Arbonia-Forster Holding AG	54		9,483
Air China, Ltd., Class H	22,000		9,942
Air France-KLM	781		17,881
Aisin Seiki Company	400		9,796
Alesco Corp., Ltd.	616		2,950
Alimentation Couche Tard, Inc., ADR	700		9,175
Amer Sports Oyj, A Shares	500		6,063

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

58

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
American Axle & Manufacturing Holdings, Inc.	300	$	1,608
American Woodmark Corp.	100		2,245
Ameristar Casinos, Inc.	400		5,676
AMR Corp. *	2,900		28,478
AnnTaylor Stores Corp. *	300		6,192
Aoyama Trading Company, Ltd.	300		4,009
Arcandor AG *	843		2,765
Aristocrat Leisure, Ltd.	1,768		9,263
ArvinMeritor, Inc.	500		6,520
Asiana Airlines	2,380		8,939
ASICS Corp.	1,000		7,774
Astra International Tbk PT	6,000		10,703
ATC Technology Corp. *	100		2,374
Austrian Airlines AG *	1,361		8,906
Autobacs Seven Company, Ltd.	200		4,999
AutoNation, Inc. *	1,200		13,488
AutoZone, Inc. *	100		12,334
Bally Technologies, Inc. *	300		9,084
Barnes & Noble, Inc.	300		7,824
Bayerische Motoren Werke (BMW) AG	1,042		40,389
Beacon Roofing Supply, Inc. *	300		4,686
Bebe Stores, Inc.	500		4,885
Bechtle AG	338		7,038
Bed Bath & Beyond, Inc. *	300		9,423
Belle International Holdings, Ltd., GDR	6,000		4,311
Bellway PLC	777		7,572
Benetton Group SpA	867		8,088
Berjaya Sports Toto BHD	3,400		4,447
Berkeley Group Holdings PLC *	572		7,816
Best Buy Company, Inc.	600		22,500
Best Denki Company, Ltd.	500		1,893
Big 5 Sporting Goods Corp.	1,000		10,320
Big Lots, Inc. *	400		11,132
Billabong International, Ltd.	902		10,072
BJ's Restaurants, Inc. *	200		2,388
BJ's Wholesale Club, Inc. *	300		11,658
Blockbuster, Inc., Class A * (a)	700		1,435
BlueLinx Holdings, Inc.	300		1,587
BorgWarner, Inc.	400		13,108
Bovis Homes Group PLC	816		5,561
Boyd Gaming Corp.	600		5,616
Bridgestone Corp.	1,300		24,611
Brinker International, Inc.	600		10,734
British Airways PLC	2,386		7,279
Brookfield Homes Corp. (a)	200		2,872
Brunswick Corp.	600		7,674
BSH Ev Aletleri Sanayi ve Ticaret AS	470		8,266
BSS Group PLC	706		2,927
Buffalo Wild Wings, Inc. *	100		4,024
Burberry Group PLC	1,155		8,167
Cabela's, Inc. *	400		4,832
Cafe de Coral Holdings, Ltd.	2,000		3,487
Callaway Golf Company	400		5,628
Canadian Tire Corp., Ltd.	400		18,417
Canon Marketing Japan, Inc.	700		10,722
CarMax, Inc. *	700		9,800

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Carnival Corp.	1,200	$	42,420
Carnival PLC, ADR	600		18,600
Carphone Warehouse	2,404		7,425
Carter's, Inc. *	300		5,919
Casey's General Stores, Inc.	300		9,051
Cash America International, Inc.	100		3,604
Cathay Pacific Airways, Ltd.	5,000		8,528
Cavco Industries, Inc. *	100		3,615
CBRL Group, Inc.	100		2,630
CEC Entertainment, Inc. *	100		3,320
Centex Corp.	500		8,100
Central European Distribution Corp. *	300		13,623
Charles Voegele Holding AG *	176		8,247
Charlotte Russe Holding, Inc. *	200		2,050
Charming Shoppes, Inc. *	200		978
Chico's FAS, Inc. *	1,100		6,017
Children's Place Retail Stores, Inc. *	200		6,670
China Airlines, Ltd. *	12,000		2,604
China Travel International Investment
Hong Kong, Ltd.	22,000		4,999
Chipotle Mexican Grill, Inc. *	100		4,675
Chiyoda Company, Ltd.	200		2,730
Choice Hotels International, Inc.	400		10,840
Churchill Downs, Inc.	100		4,898
Cinemark Holdings, Inc.	600		8,160
Cintas Corp.	500		14,355
Circle K Sunkus Company, Ltd.	300		4,973
Citi Trends, Inc. *	100		1,629
Citizen Watch Company, Ltd.	1,300		9,010
CKE Restaurants, Inc.	200		2,120
Coach, Inc. *	800		20,032
Coldwater Creek, Inc. *	300		1,737
Collective Brands, Inc. *	400		7,324
Columbia Sportswear Company	200		8,392
Compagnie Financiere
Richemont AG, Series A	1,577		69,677
Compagnie Generale des Etablissements
Michelin, Class B	526		34,070
Compagnie Plastic Omnium SA	375		8,255
Conn's, Inc. *	100		1,871
Consorcio ARA SA de CV	6,000		3,347
Continental AG *	373		37,078
Continental Airlines, Inc., Class B *	700		11,676
Controladora Comercial Mexicana SA de CV	2,600		6,003
Cooper Tire & Rubber Company	400		3,440
Copart, Inc. *	200		7,600
Core-Mark Holding Company, Inc. *	100		2,499
Corp. GEO SA de CV, Series B *	2,200		5,021
Costco Wholesale Corp.	800		51,944
Crocs, Inc. * (a)	400		1,432
Crown, Ltd.	1,147		7,966
CVS Caremark Corp.	2,900		97,614
D.R. Horton, Inc.	700		9,114
Daewoo International Corp.	280		7,364
Daewoo Motor Sales Corp.	120		2,204
Daihatsu Motor Company, Ltd.	1,000		10,940
Daimler AG	1,600		80,800

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

59

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Daiwa House Industry Company, Ltd.	2,000	$	19,121
Darden Restaurants, Inc.	200		5,726
David Jones, Ltd.	2,573		9,034
Debenhams PLC	4,064		3,580
Debica SA	320		9,206
Delta Air Lines, Inc. *	2,000		14,900
Denso Corp.	900		22,075
Denway Motors, Ltd.	20,000		6,335
Desarrolladora Homex SA de CV *	1,000		7,426
Deutsche Lufthansa AG	918		17,945
Dick's Sporting Goods, Inc. *	500		9,790
Dillard's, Inc., Class A (a)	500		5,900
Diploma PLC	3,358		9,166
Dixons Group PLC	11,976		10,425
Dollar Tree, Inc. *	400		14,544
Domino's Pizza, Inc. *	300		3,642
Don Quijote Company, Ltd.	200		3,577
Dongfeng Motor Group Company, Ltd.	24,000		8,833
Dorel Industries, Inc., Class B	200		6,108
Douglas Holding AG	178		8,106
DreamWorks Animation SKG, Inc., Class A *	300		9,435
DTS, Inc. *	100		2,783
Dufry Group	34		1,571
easyJet PLC *	1,354		7,765
EDION Corp.	500		3,374
Electrolux AB, Series B	1,600		18,718
Enterprise Inns PLC	1,488		4,805
Esprit Holdings, Ltd.	1,900		11,777
Etam Developpement SA	137		2,969
Ethan Allen Interiors, Inc.	200		5,604
EVA Airways Corp. *	11,000		2,796
Exedy Corp.	200		3,772
Exide Technologies *	400		2,952
Family Dollar Stores, Inc.	400		9,480
FamilyMart Company, Ltd.	300		12,694
Far Eastern Textile, Ltd.	7,140		5,055
Fast Retailing Company, Ltd.	100		10,197
Fastenal Company	200		9,878
Faurecia SA *	294		8,501
Fiat SpA	1,792		24,081
Fielmann AG	67		4,698
Finish Line, Inc.	300		2,997
First Cash Financial Services, Inc. *	200		3,000
Foot Locker, Inc.	900		14,544
Formosa Taffeta Company, Ltd.	6,000		3,868
Forzani Group, Ltd., Class A	200		1,973
Fred's, Inc., Class A	200		2,844
Fuel Systems Solutions, Inc. *	100		3,445
Fuji Heavy Industries, Ltd.	3,000		15,196
Furniture Brands International, Inc.	300		3,156
Futaba Industrial Company, Ltd.	400		4,975
Galaxy Entertainment Group, Ltd. *	8,000		1,585
Game Group PLC	1,136		4,182
GameStop Corp., Class A *	300		10,263
Gaylord Entertainment Company * (a)	300		8,811
General Motors Corp.	600		5,670

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Genesco, Inc. *	100	$	3,348
Genting BHD	5,700		8,800
Genuine Parts Company	300		12,063
Georg Fischer AG *	30		10,789
Gigas K's Denki Corp.	200		3,668
Gildan Activewear, Inc. *	400		8,889
Giordano International, Ltd.	8,000		2,794
GKN PLC	4,060		14,420
Goodyear Tire & Rubber Company *	600		9,186
Grafton Group PLC *	1,533		7,050
Great Canadian Gaming Corp. *	400		2,387
Group 1 Automotive, Inc.	200		4,346
Grupo Elektra SA de CV	260		9,034
GS Yuasa Corp.	2,000		7,115
Guess?, Inc.	300		10,437
Gunze, Ltd.	1,000		3,936
Gymboree Corp. *	100		3,550
Haldex AB	600		6,100
Halfords Group PLC	1,180		5,485
Hanesbrands, Inc. *	400		8,700
Hankook Tire Company, Ltd.	670		9,401
Hankyu Department Stores	1,000		6,090
Hanwa Company, Ltd.	1,000		3,482
Hanwha Corp.	250		9,539
Harley-Davidson, Inc.	700		26,110
Harman International Industries, Inc.	300		10,221
Harvey Norman Holding, Ltd.	2,828		7,123
Hasbro, Inc.	300		10,416
Haseko Corp.	7,000		5,027
Headlam Group PLC	474		1,854
Hennes & Mauritz AB, B shares	850		34,804
Herman Miller, Inc.	200		4,894
Hermes International SA	80		13,016
Hero Honda Motors, Ltd.	292		5,487
Hibbett Sports, Inc. *	100		2,002
Hino Motors, Ltd.	2,000		8,086
Hitachi High-Technologies Corp.	700		13,881
HMV Group PLC	2,045		4,683
HNI Corp.	200		5,068
Home Depot, Inc.	2,100		54,369
Home Retail Group	4,281		18,041
Honda Motor Company, Ltd.	2,200		66,732
Hot Topic, Inc. *	300		1,983
Hotai Motor Company, Ltd.	1,000		2,147
Hotel Properties, Ltd.	2,000		1,896
Hovnanian Enterprises, Inc., Class A *	300		2,397
HSN, Inc. *	120		1,321
Hyosung Corp.	135		7,150
Hyundai Department Store Company, Ltd.	86		6,687
Hyundai Development Company	386		14,418
Hyundai H & S Company, Ltd.	152		9,456
Hyundai Mobis	242		18,745
Hyundai Motor Company, Ltd.	333		20,839
Iconix Brand Group, Inc. *	400		5,232
IG Group Holdings PLC	910		5,172
Inaba Seisakusho Company, Ltd.	1,100		10,336

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

60

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Inchcape PLC	2,797	$	9,448
Industria de Diseno Textil SA	385		16,291
Ingram Micro, Inc., Class A *	1,000		16,070
Intercontinental Hotels Group PLC	600		7,422
Interface, Inc., Class A	300		3,411
International Game Technology	600		10,308
International Speedway Corp., Class A	300		11,673
Interval Leisure Group, Inc. *	120		1,248
Isetan Mitsukoshi Holdings, Ltd. *	900		10,560
Isuzu Motors, Ltd.	2,000		5,558
Itochu Corp.	3,000		18,072
Izumiya Company, Ltd.	1,000		5,461
J.C. Penney Company, Inc.	1,100		36,674
J.D. Wetherspoon PLC	642		2,699
Jack in the Box, Inc. *	300		6,330
Jakks Pacific, Inc. *	200		4,982
Japan Pulp & Paper Company, Ltd.	1,000		3,294
Japan Wool Textile Company, Ltd.	1,000		7,834
Jardine Cycle and Carriage, Ltd.	1,000		11,000
JB Hi-Fi, Ltd.	506		5,004
Jean Coutu Group, Inc.	900		6,258
Jelmoli Holding AG *	4		8,866
JetBlue Airways Corp. *	1,600		7,920
Jo-Ann Stores, Inc. *	200		4,196
Johnson Controls, Inc.	1,000		30,330
Jones Apparel Group, Inc.	600		11,106
Jos. A. Bank Clothiers, Inc. * (a)	100		3,360
Juki Corp.	1,000		1,714
Kanematsu Electronics, Ltd.	1,200		8,837
Kangwon Land, Inc.	460		5,618
Keihin Corp.	300		3,533
Kesa Electricals PLC	3,019		6,027
Kia Motors Corp. *	750		9,381
Kier Group PLC	213		2,994
Kimball International, Inc., Class B	200		2,160
Kingfisher PLC	9,433		22,488
Kohl's Corp. *	400		18,432
Koito Manufacturing Company, Ltd. *	1,000		9,358
Kokuyo Company, Ltd.	500		3,927
Komatsu Seiren Company, Ltd.	3,000		11,451
Korean Air Lines Company, Ltd.	193		6,143
Koyo Seiko Company, Ltd.	800		9,128
K-Swiss, Inc., Class A	200		3,480
Kuoni Reisen Holding AG, Series B	39		15,066
Kuraray Company, Ltd.	1,000		9,940
Ladbrokes PLC	3,463		11,694
Las Vegas Sands Corp. *	600		21,666
Lawson, Inc.	100		4,612
La-Z-Boy, Inc.	300		2,796
Lear Corp. *	400		4,200
Lennar Corp., Class A	600		9,114
Leon's Furniture, Ltd.	100		1,102
Li & Fung, Ltd.	4,000		9,788
Li Ning Company, Ltd.	2,500		4,386
Life Time Fitness, Inc. *	200		6,254
Limited Brands, Inc.	800		13,856

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Linamar Corp.	400	$	3,759
Liz Claiborne, Inc.	700		11,501
LKQ Corp. *	700		11,879
Lojas Americanas SA	1,300		6,627
Lojas Renner SA	100		1,235
Longs Drug Stores Corp.	200		15,128
Lotte Midopa Company, Ltd. *	1,240		9,992
Lotte Shopping Company, Ltd.	64		14,560
Lottomatica SpA	314		8,222
Lowe's Companies, Inc.	2,600		61,594
M.D.C. Holdings, Inc.	300		10,977
Macrovision Solutions Corp. *	400		6,152
Macy's, Inc.	1,000		17,980
Magna International, Inc.	400		20,552
Mahindra & Mahindra, Ltd.	752		8,281
Marcus Corp.	100		1,608
Marks & Spencer Group PLC	2,855		10,428
Marriott International, Inc., Class A	600		15,654
Marubeni Corp.	2,000		9,066
Maruei Department Store Company, Ltd. *	4,000		11,442
Marui Company, Ltd.	1,000		7,468
Maruti Udyog, Ltd.	587		8,823
Marvel Entertainment, Inc. *	300		10,242
Massmart Holdings, Ltd.	1,182		10,821
Matsushita Electric Industrial Company, Ltd.	3,000		51,719
Matsuya Foods Company, Ltd.	800		9,443
Mattel, Inc.	600		10,824
Mazda Motor Corp.	3,000		12,218
McDonald's Corp.	1,700		104,890
Meritage Homes Corp. *	200		4,940
Metro Holdings, Ltd.	10,000		3,493
MGM Mirage, Inc. *	300		8,550
Millennium & Copthorne Hotels PLC	1,003		4,404
Mitsubishi Corp.	1,800		37,548
Mitsubishi Logistics Corp.	1,000		12,671
Mitsubishi Motors Corp. *	7,000		11,796
Mitsubishi Rayon Company, Ltd.	4,000		9,906
Mitsui & Company, Ltd.	100		24,525
Mitsui-Soko Company, Ltd.	1,000		4,547
Mizuno Corp.	1,000		4,736
Mobile Mini, Inc. *	200		3,866
Modine Manufacturing Company	200		2,896
Mohawk Industries, Inc. *	300		20,217
Mothercare PLC	561		3,467
Movado Group, Inc.	100		2,235
MSC Industrial Direct Company, Inc., Class A	100		4,607
MWI Veterinary Supply, Inc. *	100		3,929
N. Brown Group PLC	922		3,662
Nagase & Company, Ltd.	1,000		9,307
Namco Bandai Holdings, Inc.	800		8,795
National Presto Industries, Inc.	100		7,450
New York & Company, Inc. *	200		1,908
Newell Rubbermaid, Inc.	600		10,356
Next Group PLC	944		17,406
NGK Spark Plug Company, Ltd.	1,000		9,735
NH Hoteles SA	348		4,116

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

61

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
NHK Spring Company, Ltd.	2,000	$	11,092
Nifco, Inc.	200		3,514
NIKE, Inc., Class B	700		46,830
Nintendo Company, Ltd.	100		42,417
Nissan Motor Company, Ltd.	4,800		32,457
Nisshinbo Industries, Inc.	1,000		9,752
Nitori Company, Ltd.	100		5,941
Nitto Boseki Company, Ltd.	2,000		4,307
NOK Corp.	600		6,726
Nokian Renkaat Oyj	422		10,155
Nordstrom, Inc.	300		8,646
Noritake Company, Ltd.	1,000		3,272
Nu Skin Enterprises, Inc., Class A	200		3,244
NVR, Inc. *	100		57,200
Onward Kashiyama Company, Ltd.	1,000		10,458
OPAP SA	544		16,698
O'Reilly Automotive, Inc. *	400		10,708
Organizacion Soriana SA de CV *	6,000		18,050
Oriental Land Company, Ltd.	100		6,779
Oshkosh Corp.	900		11,844
Owens & Minor, Inc.	200		9,700
Oxford Industries, Inc.	100		2,583
P.F. Chang's China Bistro, Inc. *	100		2,354
PACCAR, Inc.	500		19,095
Pacific Sunwear of California, Inc. *	400		2,692
Paddy Power PLC - London Exchange	155		2,741
Panera Bread Company, Class A *	200		10,180
Papa John's International, Inc. *	100		2,716
Parkson Retail Group, Ltd.	7,500		8,319
Penske Auto Group, Inc.	500		5,735
Perry Ellis International, Inc. *	200		2,982
PetSmart, Inc.	500		12,355
Phillips-Van Heusen Corp.	300		11,373
Pinnacle Entertainment, Inc. *	400		3,024
Pioneer Electronic Corp.	1,000		6,596
Pirelli & Company SpA	12,045		7,107
Plascar Participacoes Industriais SA *	700		1,232
Polaris Industries, Inc.	100		4,549
Polo Ralph Lauren Corp., Class A	200		13,328
Pool Corp.	100		2,333
Pou Chen Corp.	12,099		7,482
PPR SA	269		24,070
Praktiker Bau- und Heimwerkermaerkte AG	439		4,069
President Chain Store Corp.	4,000		11,792
Press Kogyo Company, Ltd.	1,000		2,766
PriceSmart, Inc.	100		1,674
PSA Peugeot Citroen SA	525		19,759
Pulte Homes, Inc.	900		12,573
Puma AG	28		7,621
Punch Taverns PLC	842		2,059
Qantas Airways, Ltd.	2,988		7,618
Quiksilver, Inc. *	800		4,592
RadioShack Corp.	400		6,912
Rallye SA	103		3,020
RC2 Corp. *	100		2,000
Red Robin Gourmet Burgers, Inc. *	100		2,680

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Redrow PLC	1,082	$	3,158
Regal Entertainment Group, Class A	700		11,046
Regis Corp.	300		8,250
Reitman's Canada, Ltd., Class A	300		4,228
Renault Regie Nationale SA	543		34,605
Resorts World BHD	11,400		8,492
Riken Corp.	1,000		3,107
RONA, Inc. *	800		9,253
Ross Stores, Inc.	300		11,043
Royal Caribbean Cruises, Ltd.	1,300		26,975
Rubis SA	129		9,144
Rush Enterprises, Inc., Class A *	200		2,560
Ryland Group, Inc.	300		7,956
Ryohin Keikaku Company, Ltd.	100		4,922
Sally Beauty Holdings, Inc. *	900		7,740
Samsung Corp.	455		20,165
Sanden Corp.	1,000		3,381
SANKYO Company, Ltd.	200		10,152
Sanyo Shokai, Ltd.	1,000		5,211
Scania AB, Series B	425		5,234
ScanSource, Inc. *	200		5,758
Scientific Games Corp., Class A *	400		9,208
Sears Holdings Corp. * (a)	400		37,400
SEB SA	155		6,889
Sega Sammy Holdings, Inc.	400		3,618
Seiko Corp.	1,000		3,294
Sekisui Chemical Company, Ltd.	2,000		11,889
Sekisui House, Ltd.	2,000		18,362
Seven & I Holdings Company, Ltd.	900		25,857
Shangri-La Asia, Ltd.	8,000		11,461
Shimachu Company, Ltd.	200		4,507
Shimamura Company, Ltd.	200		13,412
Shimano, Inc. *	300		10,328
Shinsegae Company, Ltd.	36		16,991
Shochiku Company, Ltd.	1,000		5,421
Shoppers Drug Mart Corp.	300		14,475
Signet Jewelers, Ltd. *	576		13,472
Singapore Airlines, Ltd.	2,000		20,092
SK Networks Company, Ltd. *	610		6,168
Skechers U.S.A., Inc., Class A *	200		3,366
Sky City Entertainment Group, Ltd.	2,030		5,041
Skyline Corp.	100		2,643
Sodexho Alliance	152		8,970
Sojitz Holdings Corp.	2,600		6,026
Sol Melia SA	373		3,260
Sonic Corp. *	300		4,371
Sony Corp.	2,300		71,001
Southwest Airlines Company	1,600		23,216
Speedway Motorsports, Inc.	300		5,844
Sport Supply Group, Inc.	900		9,900
Stamford Land Corp., Ltd. *	31,000		8,174
Staples, Inc.	1,000		22,500
Starbucks Corp. *	900		13,383
Starwood Hotels & Resorts Worldwide, Inc.	300		8,442
Steelcase, Inc. Class A	500		5,375
Steinhoff International Holdings, Ltd. *	8,720		16,753

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

62

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Steinway Musical Instruments, Inc. *	100	$	2,832
Steven Madden, Ltd. *	100		2,478
Stockmann Oyj Abp, Series B	128		3,020
Sumitomo Corp.	1,800		16,783
Sumitomo Rubber Industries, Inc.	1,400		12,473
Sumitomo Warehouse Company, Ltd.	1,000		4,036
Superior Industries International, Inc.	200		3,832
Suzuki Motor Corp.	400		7,412
Swatch Group AG, BR shares	119		21,966
Swatch Group AG	105		3,518
Systemax, Inc. *	200		2,812
TABCORP Holdings, Ltd.	2,473		16,247
Takashimaya Company, Ltd.	1,000		8,713
Talbots, Inc.	200		2,620
Target Corp.	1,200		58,860
Tata Motors, Ltd., SADR	800		6,128
Tattersall's, Ltd.	4,068		7,844
Taylor Woodrow PLC	3,324		2,154
Tech Data Corp. *	300		8,955
Teco Electric & Machinery Company, Ltd.	26,000		9,123
Teijin, Ltd.	3,000		9,015
Tenneco, Inc. *	300		3,189
Texas Roadhouse, Inc., Class A *	400		3,596
The Buckle, Inc.	100		5,554
The Cheesecake Factory, Inc. *	400		5,848
The Dress Barn, Inc. *	200		3,058
The Gap, Inc.	600		10,668
The Men's Wearhouse, Inc.	300		6,372
The TJX Companies, Inc.	500		15,260
The Toro Company	100		4,130
The Wet Seal, Inc., Class A *	400		1,452
The Yokohama Rubber Company, Ltd. *	2,000		10,866
Thomas Cook Group PLC	2,148		8,523
Thor Industries, Inc.	400		9,928
Tiffany & Company	300		10,656
Tim Hortons, Inc.	300		8,747
Timberland Company, Class A *	300		5,211
Titan International, Inc.	125		2,665
TiVo, Inc. *	300		2,196
Toho Company, Ltd.	500		10,464
Tokai Rika Company, Ltd.	400		5,081
Tokyo Dome Corp. *	1,000		5,232
Tokyo Style Company, Ltd.	1,000		8,451
Toll Brothers, Inc. *	700		17,661
Tomen Electronics Corp.	900		9,801
Toray Industries, Inc.	5,000		23,474
Toto, Ltd.	2,000		14,790
Toyobo Company, Ltd.	3,000		5,066
Toyoda Gosei Company, Ltd.	400		6,796
Toyota Motor Corp.	2,500		214,500
Toyota Tsusho Corp.	500		6,551
Tractor Supply Company *	200		8,410
True Religion Apparel, Inc. *	100		2,585
Truworths International, Ltd.	1,878		6,687
TRW Automotive Holdings Corp. *	600		9,546
TUI AG	1,012		16,717

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
UAL Corp. *	800	$	7,032
UMW Holdings BHD	2,700		4,572
Unifi, Inc. *	500		2,420
Unifirst Corp.	100		4,309
Unimat Life Corp.	1,100		8,007
United Stationers, Inc. *	100		4,783
Universal Electronics, Inc. *	100		2,498
UNY Company, Ltd.	1,000		10,176
Urban Outfitters, Inc. *	300		9,561
US Airways Group, Inc. *	1,300		7,839
USS Company, Ltd.	140		9,004
Vail Resorts, Inc. *	200		6,990
Valeo SA	251		7,596
Valora Holding AG	66		12,452
VF Corp.	400		30,924
Virgin Blue Holdings, Ltd.	7,677		1,982
Volcom, Inc. *	700		12,096
Volkswagen AG	231		90,517
W.W. Grainger, Inc.	200		17,394
Wabash National Corp.	200		1,890
WABCO Holdings, Inc.	300		10,662
Wacoal Corp.	1,000		11,191
Walgreen Company	1,300		40,248
Wal-Mart de Mexico SA de CV, Series V	3,700		12,958
Wal-Mart Stores, Inc.	4,900		293,461
Warnaco Group, Inc. *	200		9,058
Warner Music Group Corp.	500		3,800
Watsco, Inc.	200		10,056
Wesco International, Inc. *	300		9,654
WH Smith PLC	730		4,971
Whirlpool Corp.	400		31,716
Whitbread PLC	927		17,533
William Hill PLC	1,145		4,828
Williams-Sonoma, Inc.	400		6,472
Wincanton PLC	620		2,081
WMS Industries, Inc. *	200		6,114
Wolverine World Wide, Inc.	100		2,646
Woolworths Holdings, Ltd.	6,690		9,561
Wyndham Worldwide Corp.	800		12,568
Wynn Resorts, Ltd. *	200		16,328
Yamada Denki Company, Ltd.	120		9,096
Yamaha Corp.	600		10,231
Yamaha Motor Company, Ltd.	700		9,561
Yasuda Warehouse Company, Ltd.	1,300		10,294
Yue Yuen Industrial Holdings, Ltd.	4,000		10,927
Yulon Motor Company, Ltd.	11,000		6,065
Yum! Brands, Inc.	900		29,349
Zale Corp. *	300		7,500
			6,405,331
Consumer, Non-cyclical - 11.62%
Aaron Rents, Inc., Class B	200		5,414
ABB Grain, Ltd.	917		5,817
Abbott Laboratories	2,200		126,676
Abertis Infraestructuras SA	690		13,581
Abiomed, Inc. *	200		3,550
ABM Industries, Inc.	100		2,184

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

63

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Accuray, Inc. *	300	$	2,421
Acorda Therapeutics, Inc. *	100		2,385
Actelion, Ltd. *	194		9,997
Adcock Ingram Holdings, Ltd. *	524		2,132
Adecco SA	640		27,803
Aderans Company, Ltd.	200		3,179
Administaff, Inc.	100		2,722
Advanced Medical Optics, Inc. *	400		7,112
Aggreko PLC	803		7,898
Air Methods Corp. *	100		2,831
Ajinomoto Company, Inc.	2,000		19,062
Alapis Holding Industrial & Commercial SA	3,189		6,772
Alberto-Culver Company	400		10,896
Alexion Pharmaceuticals, Inc. *	200		7,860
Alfresa Holdings Corp.	200		9,682
Alico, Inc.	100		4,743
Align Technology, Inc. *	200		2,166
ALK-Abello A/S *	40		4,194
Alkermes, Inc. *	200		2,660
Allergan, Inc.	400		20,600
Alliance Data Systems Corp. *	100		6,338
Alliance Imaging, Inc. *	200		2,054
Alliance One International, Inc. *	500		1,900
Allos Therapeutics, Inc. *	300		2,223
Alnylam Pharmaceuticals, Inc. *	100		2,895
Alpharma, Inc., Class A *	200		7,378
Altana AG	402		5,956
Altria Group, Inc.	2,800		55,552
AMAG Pharmaceuticals, Inc. *	100		3,873
Amedisys, Inc. *	200		9,734
American Banknote SA *	200		1,566
American Dental Partners, Inc. *	200		2,340
American Medical Systems Holdings, Inc. *	300		5,328
AMERIGROUP Corp. *	300		7,572
AmerisourceBergen Corp.	500		18,825
Amgen, Inc. *	1,600		94,832
AMN Healthcare Services, Inc. *	100		1,757
AmSurg Corp. *	200		5,094
Amvig Holdings, Ltd.	4,000		3,019
Amylin Pharmaceuticals, Inc. *	300		6,066
Anadolu Efes Biracilik Ve Malt Sanayii AS	1,058		10,865
Andersons, Inc.	100		3,522
AngioDynamics, Inc. *	200		3,160
Anheuser-Busch Companies, Inc.	500		32,440
Apollo Group, Inc., Class A *	300		17,790
Apria Healthcare Group, Inc. *	300		5,472
Arbitron, Inc.	100		4,469
Archer-Daniels-Midland Company	900		19,719
Arena Pharmaceuticals, Inc. *	600		3,000
Aryzta AG *	210		8,199
Asahi Breweries, Ltd.	600		10,516
Asia Food & Properties, Ltd. *	9,000		1,836
Assisted Living Concepts, Inc. *	1,800		11,466
Associated British Foods PLC	778		9,873
Assura Group, Ltd. *	5,036		3,556
Astellas Pharmaceuticals, Inc.	400		16,808

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Astra Agro Lestari Tbk PT	2,000	$	2,711
AstraZeneca PLC, SADR	2,100		92,148
Atria PLC	525		8,831
Auxilium Pharmaceuticals, Inc. *	100		3,240
Avery Dennison Corp.	400		17,792
Avon Products, Inc.	500		20,785
AWB, Ltd.	3,696		8,256
Axfood AB	100		2,718
B&G Foods, Inc.	300		2,145
Babcock International Group PLC	1,489		13,380
Bankrate, Inc. *	100		3,891
Bare Escentuals, Inc. *	600		6,522
Barr Pharmaceuticals, Inc. *	200		13,060
Barry Callebaut AG *	16		9,640
Bavarian Nordic A/S *	150		3,954
Baxter International, Inc.	1,000		65,630
Beckman Coulter, Inc.	200		14,198
Becton, Dickinson & Company	500		40,130
Beiersdorf AG	132		8,343
Benesse Corp.	100		4,084
BioMarin Pharmaceutical, Inc. *	500		13,245
BioMerieux SA	46		3,987
Biovail Corp.	900		8,541
Blyth, Inc.	200		2,268
Bonduelle SCA	114		9,277
Bongrain SA	43		2,804
Boston Beer Company, Inc. *	100		4,749
Boston Scientific Corp. *	2,100		25,767
Bowne & Company, Inc.	200		2,310
Brambles, Ltd.	1,189		7,419
Brisa Auto Estrada, SA	1,607		15,984
Bristol-Myers Squibb Company	2,600		54,210
British American Tobacco PLC	900		55,800
Brookdale Senior Living, Inc.	700		15,393
Brown Forman Corp., Class B	200		14,362
Bruker BioSciences Corp. *	1,000		13,330
Brunel International NV	317		6,347
Bunge, Ltd.	600		37,908
Bunzl PLC	715		8,412
C&C Group PLC - London Exchange	1,042		2,679
C.R. Bard, Inc.	200		18,974
Cadbury PLC	1,100		45,034
Cal-Maine Foods, Inc.	100		2,744
Campbell Soup Company	500		19,300
Canada Bread Company, Ltd.	100		5,168
Cangene Corp. *	400		1,428
Capella Education Company *	100		4,286
Capita Group PLC	760		9,459
Cardiac Science Corp. *	400		4,144
Cardinal Health, Inc.	500		24,640
Cardiome Pharma Corp. *	300		2,216
Career Education Corp. *	500		8,175
Carlsberg AS, B Shares	150		11,436
Carrefour SA	827		38,999
Casino Guich-Perrachon SA	149		13,295
Catalyst Health Solutions, Inc. *	100		2,612

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

64

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
CBIZ, Inc. *	300	$	2,535
CDI Corp.	200		4,466
Celera Corp. *	500		7,725
Celesio AG	237		10,343
Celgene Corp. *	800		50,624
Centene Corp. *	200		4,102
Central Garden & Pet Company, Class A *	500		2,975
Cephalon, Inc. *	200		15,498
Cepheid, Inc. *	200		2,766
Cermaq ASA	1,000		6,503
Chaoda Modern Agriculture Holdings, Ltd.	12,000		10,135
Charles River Laboratories International, Inc. *	200		11,106
Chattem, Inc. *	100		7,818
Chemed Corp.	100		4,106
China Agri-Industries Holdings, Ltd. *	4,000		2,096
China Green Holdings, Ltd.	3,000		2,418
China Mengniu Dairy Company, Ltd.	4,000		4,150
China Yurun Food Group, Ltd	3,000		3,912
Chiquita Brands International, Inc. *	300		4,743
Christian Dior SA	89		6,750
Chugai Pharmaceutical Company, Ltd.	400		6,518
Church & Dwight, Inc.	200		12,418
Cia Cervecerias Unidas SA, ADR	100		3,223
Cia de Concessoes Rodoviarias, ADR	500		6,569
Cintra Concesiones de Infraestructuras de
Transporte SA	652		7,663
Cipla, Ltd.	3,066		15,229
CJ CheilJedang Corp. *	45		7,317
CJ Corp. *	119		4,708
Clorox Company	200		12,538
Coca Cola Hellenic Bottling Company SA	400		8,896
Coca-Cola Amatil, Ltd.	1,380		9,214
Coca-Cola Enterprises, Inc.	1,100		18,447
Coca-Cola Femsa SAB de CV, SADR	100		5,046
Coca-Cola West Japan Company, Ltd.	400		9,039
Cochlear, Ltd.	226		10,830
COFCO International, Ltd.	6,000		1,906
Coinstar, Inc. *	100		3,200
Colgate-Palmolive Company	600		45,210
Coloplast AS	150		11,132
Colruyt SA	39		9,789
Community Health Systems, Inc. *	600		17,586
Compass Diversified Trust	200		2,788
Compass Group PLC	3,437		21,316
ConAgra Foods, Inc.	2,400		46,704
CONMED Corp. *	200		6,400
Connaught PLC	406		2,735
ConnectEast Group	5,721		3,808
Consolidated Graphics, Inc. *	100		3,033
Constellation Brands, Inc., Class A *	800		17,168
Continucare Corp. *	3,400		9,078
Convergys Corp. *	700		10,346
Copeinca ASA *	1,400		7,506
Corinthian Colleges, Inc. *	500		7,500
Corn Products International, Inc.	500		16,140
Cornell Corrections, Inc. *	400		10,872

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Corporate Executive Board Company	100	$	3,125
Corrections Corp. of America *	700		17,395
CorVel Corp. *	100		2,861
Cosan SA Industria e Comercio *	600		4,004
Cosco Pacific, Ltd.	6,000		6,886
CoStar Group, Inc. *	100		4,539
Covance, Inc. *	100		8,841
Coventry Health Care, Inc. *	300		9,765
CRA International, Inc. *	100		2,748
Cramo Oyj, Series B	941		8,923
Crucell NV *	396		6,188
CSL, Ltd.	739		22,388
Cubist Pharmaceuticals, Inc. *	200		4,446
Cutera, Inc. *	900		9,549
CV Therapeutics, Inc. *	200		2,160
Cyberonics, Inc. *	200		3,400
Cynosure, Inc. *	500		8,970
Cypress Biosciences, Inc. *	300		2,205
Cytori Therapeutics, Inc. *	1,700		8,976
Dai Nippon Printing Company, Ltd.	2,000		26,977
Daiichi Sankyo Company, Ltd.	1,000		25,766
Dainippon Sumitomo Pharma Company, Ltd.	1,000		8,192
Dairy Crest Group PLC	1,305		9,368
Danisco AS	350		19,671
Datascope Corp.	100		5,163
Davide Campari Milano SpA	710		5,794
Davis Service Group PLC	980		4,732
DaVita, Inc. *	200		11,402
De La Rue PLC	499		8,102
Dean Foods Company *	500		11,680
Del Monte Foods Company	2,500		19,500
Delhaize Group	600		34,980
Deluxe Corp.	200		2,878
Dendreon Corp. *	300		1,713
DENTSPLY International, Inc.	300		11,262
DeVry, Inc.	200		9,908
Diageo PLC, SADR	1,000		68,860
Diagnostic & Therapeutic Center of Athens
Hygeia SA	1,997		8,488
Diagnosticos da America SA	200		2,675
Diamond Foods, Inc.	100		2,803
Dollar Financial Corp. *	100		1,539
Dr. Reddy's Laboratories, Ltd., ADR	400		4,460
Dun & Bradstreet Corp.	100		9,436
Dydo Drinco, Inc.	100		2,251
DynCorp International, Inc. *	300		5,028
Ebro Puleva SA	568		8,995
Edwards Lifesciences Corp. *	200		11,552
Egis Gyogyszergyar Nyrt.	119		7,870
Eisai Company, Ltd.	300		11,715
Elan Corp. PLC, SADR *	900		9,603
Electro Rent Corp.	200		2,686
Elekta AB, Series B	400		6,829
Elizabeth Arden, Inc. *	200		3,926
Embotelladoras Arca SA de CV	2,300		6,835
Emergent Biosolutions, Inc. *	200		2,618

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

65

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Emeritus Corp. *	200	$	4,980
Empire Company, Ltd.	200		8,021
Endo Pharmaceutical Holdings, Inc. *	500		10,000
Ennis Business Forms, Inc.	200		3,092
Enzo Biochem, Inc. *	200		2,196
Equifax, Inc.	300		10,335
Essilor International SA	363		18,130
Estee Lauder Companies, Inc., Class A	100		4,991
EV3, Inc. *	400		4,016
Evotec AG *	3,257		4,897
Exactech, Inc. *	100		2,224
Experian Group, Ltd.	1,311		8,689
Exponent, Inc. *	100		3,309
Express Scripts, Inc. *	500		36,910
FAES FARMA, S.A.	465		3,545
Farmer Brothers Company	200		4,974
FirstService Corp. *	200		2,903
Fisher & Paykel Healthcare Corp.	1,630		3,241
Flowers Foods, Inc.	400		11,744
Fomento Economico Mexicano SA de CV,
SADR	900		34,326
Forest Laboratories, Inc. *	1,000		28,280
Forrester Research, Inc. *	100		2,932
Forth Ports PLC	298		7,599
Fortune Brands, Inc.	700		40,152
Fossil, Inc. *	400		11,292
Foster's Group, Ltd.	4,369		19,520
Fraser and Neave, Ltd.	6,000		15,049
Fresenius Medical Care AG & Co KGaA	400		20,776
FTI Consulting, Inc. *	200		14,448
Fuji Oil Company, Ltd.	400		4,555
Galenica Holding AG	30		10,728
Garda World Security Corp. *	200		338
Gartner Group, Inc., Class A *	500		11,340
Gedeon Richter Rt.	93		17,023
Genentech, Inc. *	800		70,944
General Mills, Inc.	500		34,360
Genmab A/S *	175		10,034
Genomic Health, Inc. *	100		2,265
Gen-Probe, Inc. *	200		10,610
Gentiva Health Services, Inc. *	200		5,388
Genus PLC	84		1,130
Genzyme Corp. *	400		32,356
George Weston, Ltd.	100		4,835
Geron Corp. *	600		2,370
Getinge AB, Series B	400		8,245
Gilead Sciences, Inc. *	1,400		63,812
GlaxoSmithKline PLC, ADR	4,200		182,532
Glenmark Pharmaceuticals, Ltd.	334		3,511
Global Bio-Chem Technology
Group Company, Ltd.	10,000		3,234
Global Cash Access, Inc. *	400		2,024
Global Payments, Inc.	300		13,458
Goodman Fielder, Ltd.	5,942		6,741
GrainCorp., Ltd. *	308		1,831
Great Lakes Dredge & Dock Company	1,600		10,096
Green Mountain Coffee Roasters, Inc. *	100		3,934

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Greencore Group PLC, London	532	$	1,372
Greene King PLC	908		7,466
Greggs PLC	35		1,976
Grifols SA	356		9,096
Group 4 Securicor PLC	4,660		16,852
Groupe DANONE	618		43,836
Groupe Steria SCA	713		15,927
Gruma SA de CV, SADR *	200		1,600
Grupo Bimbo SA de CV	1,600		10,065
Grupo Continential SA de CV	2,000		4,283
Grupo Modelo SA	2,000		8,504
Guyenne & Gascogne SA	102		9,122
H & R Block, Inc.	500		11,375
H. Lundbeck AS	400		7,605
H.J. Heinz Company	500		24,985
Haemonetics Corp. *	100		6,172
Hain Celestial Group, Inc. *	300		8,259
Halozyme Therapeutics, Inc. *	300		2,202
Hanger Orthopedic Group, Inc. *	700		12,215
Hanmi Pharm Company, Ltd.	21		2,069
Harashin Narus Holdings Company, Ltd.	1,000		9,862
Harvard Bioscience, Inc. *	926		3,936
Hays PLC	4,454		6,449
Health Management Associates, Inc., Class A *	400		1,664
Health Net, Inc. *	700		16,520
Healthcare Services Group, Inc.	200		3,658
Healthscope, Ltd.	1,026		3,832
Healthsouth Corp. *	300		5,529
Healthspring, Inc. *	400		8,464
Healthways, Inc. *	200		3,226
Heartland Payment Systems, Inc.	100		2,556
Heidrick & Struggles International, Inc.	100		3,015
Heineken Holding NV	415		16,292
Heineken NV	614		24,669
Helen of Troy, Ltd. *	200		4,554
Hengan International Group Company, Ltd.,
GDR	3,000		8,537
Henkel AG & Company KGaA	244		7,483
Henry Schein, Inc. *	200		10,768
Hershey Company	200		7,908
Hertz Global Holdings, Inc. *	500		3,785
Hewitt Associates, Inc., Class A *	300		10,932
Hikma Pharmaceuticals PLC	623		4,482
Hill International, Inc. *	200		2,770
Hill-Rom Holdings, Inc.	400		12,124
Hindustan Unilever, Ltd.	1,743		9,565
Hisamitsu Pharmaceutical Company, Inc.	300		13,130
Hite Holdings Company, Ltd.	51		1,225
Hite Holdings Company, Ltd. *	41		7,412
Hi-Tech Pharmacal Company, Inc. *	200		1,964
HMS Holdings Corp. *	100		2,396
Hogy Medical Company, Ltd.	100		4,586
Hologic, Inc. *	600		11,598
Homeserve PLC	174		4,621
Hormel Foods Corp.	500		18,140
Hospira, Inc. *	300		11,460

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

66

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
House Food Corp.	500	$	7,346
Hudson Highland Group, Inc. *	200		1,390
Human Genome Sciences, Inc. *	600		3,810
Huron Consulting Group, Inc. *	100		5,698
Husqvarna AB, B Shares	1,000		7,522
ICU Medical, Inc. *	100		3,041
IDEXX Laboratories, Inc. *	200		10,960
IDS Scheer AG	755		7,540
Illovo Sugar, Ltd.	600		1,813
Illumina, Inc. *	200		8,106
ImClone Systems, Inc. *	300		18,732
Immucor, Inc. *	200		6,392
Imperial Tobacco Group PLC	800		53,200
Inbev NV	292		17,372
Incyte Corp. *	400		3,060
Indofood Sukses Makmur Tbk PT	31,000		6,360
Informatica Corp. *	300		3,897
Ingles Markets, Inc.	100		2,283
Integra LifeSciences Holdings Corp. *	100		4,403
Interactive Data Corp.	400		10,088
Intercell AG *	213		7,014
Intermediate Parfums, Inc.	200		2,712
Intermune, Inc. *	200		3,422
Intersections, Inc. *	1,300		10,569
Intertek Group PLC	492		7,375
Intuitive Surgical, Inc. *	100		24,098
Invacare Corp.	200		4,828
Inverness Medical Innovations, Inc. *	400		12,000
Invitrogen Corp. *	300		11,340
IOI Corp. BHD	4,200		5,176
Ipsen SA	190		8,583
Iron Mountain, Inc. *	400		9,764
Isis Pharmaceuticals, Inc. *	200		3,378
ITC, Ltd.	2,079		8,386
ITO EN, Ltd.	400		5,192
Itoham Foods, Inc.	1,000		4,647
J Sainsbury PLC	5,110		32,048
J.M. Smucker Company	300		15,207
Jackson Hewitt Tax Service, Inc.	100		1,534
Japan Tobacco, Inc.	4		15,076
Jarden Corp. *	500		11,725
JBS SA	2,200		5,480
Jeronimo Martins, SGPS SA	1,262		10,763
Jiangsu Expressway, Ltd.	8,000		6,005
Johnson & Johnson	3,700		256,336
Kagome Company, Ltd.	400		6,229
Kaken Pharmaceutical Company, Ltd.	1,000		7,917
Kamigumi Company, Ltd.	2,000		15,024
Kao Corp.	1,000		26,817
Kellogg Company	500		28,050
Kelly Services, Inc., Class A	100		1,905
Kendle International, Inc. *	100		4,471
Kenexa Corp. *	100		1,579
Kensey Nash Corp. *	100		3,146
Kerry Group PLC, Class A - London Exchange	309		9,091
Kesko Oyj	631		16,144

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Kforce, Inc. *	400	$	4,084
Kimberly-Clark Corp.	700		45,388
Kindred Healthcare, Inc. *	100		2,757
Kinetic Concepts, Inc. *	300		8,577
King Pharmaceuticals, Inc. *	1,500		14,370
Kirin Brewery Company, Ltd.	1,000		13,139
Kobayashi Pharmaceutical Company, Ltd.	200		6,111
Koninklijke Ahold NV	3,811		44,024
Korn/Ferry International *	300		5,346
Kose Corp.	200		5,565
Kraft Foods, Inc., Class A	3,000		98,250
KT&G Corp.	127		9,479
K-V Pharmaceutical Company, Class A *	100		2,271
Kyowa Hakko Kogyo Company, Ltd.	1,000		10,517
Laboratorios Almirall SA	481		4,476
Laboratory Corp. of America Holdings *	200		13,900
Lance, Inc.	200		4,538
Lannett Company, Inc. *	600		1,380
Lavendon Group PLC	2,023		8,654
Lender Processing Services, Inc.	300		9,156
Leroy Seafood Group ASA	23		205
LG Household & Health Care, Ltd.	46		7,693
LHC Group, Inc. *	100		2,848
Lien Hwa Industrial Corp.	22,000		7,192
LifePoint Hospitals, Inc. *	300		9,642
Lincare Holdings, Inc. *	300		9,027
Lindt & Spruengli AG	1		27,066
Lion Corp.	1,000		5,351
Lion Nathan, Ltd.	1,000		7,487
Live Nation, Inc. *	500		8,135
Loblaw Companies, Ltd.	300		8,372
Localiza Rent A CAR	300		1,564
L'Oreal SA	386		37,876
Lorillard, Inc.	200		14,230
Lotte Chilsung Beverage Company, Ltd.	5		3,674
Lotte Confectionery Company, Ltd.	5		4,301
Luminex Corp. *	100		2,501
Luxottica Group SpA	400		9,196
M & F Worldwide Corp. *	100		4,000
M Dias Branco SA	700		7,431
Magellan Health Services, Inc. *	300		12,318
Mannatech, Inc.	400		1,600
Manpower, Inc.	400		17,264
Maple Leaf Foods, Inc.	400		3,214
Martek Biosciences Corp. *	200		6,284
Maruha Group, Inc.	3,000		4,988
Maui Land & Pineapple, Inc. *	100		2,749
MAXIMUS, Inc.	100		3,684
McCormick & Company, Inc.	200		7,690
McGrath Rentcorp	100		2,882
McKesson Corp.	400		21,524
MDS, Inc. *	800		9,554
Meda AB, Series A	900		8,794
MedCath Corp. *	500		8,960
Medco Health Solutions, Inc. *	700		31,500
Mediceo Holdings Company, Ltd.	700		8,564

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

67

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Medicines Company *	200	$	4,644
Medicis Pharmaceutical Corp., Class A	300		4,473
Medi-Clinic Corp., Ltd.	3,930		8,648
Medtronic, Inc.	1,700		85,170
Meiji Seika Kaisha, Ltd.	2,000		9,143
Mentor Corp.	100		2,386
Merck & Company, Inc.	2,600		82,056
Merck KGAA *	157		16,743
Meridian Bioscience, Inc.	100		2,904
Metcash, Ltd.	5,355		17,142
Metro AG	169		8,475
Metro, Inc.	500		14,508
Michael Page International PLC	1,081		4,496
Millipore Corp. *	100		6,880
Miraca Holdings, Inc.	300		5,803
Mitsui Fudosan Company, Ltd.	1,000		19,322
Molina Healthcare, Inc. *	200		6,200
Molson Coors Brewing Company, Class B	700		32,725
Monro Muffler Brake, Inc.	100		2,306
Moody's Corp.	500		17,000
Morningstar, Inc. *	200		11,094
Mouchel Parkman PLC	373		2,061
Mylan, Inc. *	800		9,136
Myriad Genetics, Inc. *	100		6,488
Nabi Biopharmaceuticals *	400		1,864
Namyang Dairy Products Company, Ltd.	17		8,226
Nash Finch Company	100		4,312
National Healthcare Corp.	100		4,712
Natura Cosmeticos SA	900		8,750
Natus Medical, Inc. *	100		2,266
Navigant Consulting Company *	300		5,967
NBTY, Inc. *	300		8,856
Neogen Corp. *	100		2,818
Nestle SA	4,428		191,367
Network Healthcare Holdings, Ltd. *	10,169		10,236
NeuroSearch A/S *	72		3,173
Nippon Flour Mills Company, Ltd.	1,000		4,982
Nippon Meat Packers, Inc.	1,000		15,164
Nippon Suisan Kaisha, Ltd.	1,200		4,415
Nisshin Oillio Group, Ltd.	1,000		5,387
Nisshin Seifun Group, Inc.	1,000		13,461
Nissin Food Products Company, Ltd.	300		10,692
Nissui Pharmaceutical Company, Ltd.	1,500		10,142
Nobel Biocare Holding AG, Series BR	231		7,727
Nomura Company, Ltd.	4,000		10,402
Nong Shim Company, Ltd.	24		4,408
Northern Foods PLC	2,299		2,643
Novartis AG, SADR	4,100		216,644
Novo Nordisk A/S	800		40,960
Novozymes AS, B Shares	100		8,911
Nutreco Holding NV	133		6,261
Nuvasive, Inc. *	100		4,933
Obrascon Huarte Lain Brasil SA	200		1,845
Odyssey Healthcare, Inc. *	300		3,045
Olam International, Ltd.	7,000		8,928
Omega Pharma SA	224		9,601

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Omnicare, Inc.	600	$	17,262
On Assignment, Inc. *	1,172		9,235
Ono Pharmaceutical Company, Ltd.	200		9,240
Onyx Pharmaceuticals, Inc. *	200		7,236
OPG Groep NV	313		4,324
Orell Fuessli Holding AG	57		9,494
Oriflame Cosmetics AB	200		9,265
Orion Corp.	18		2,927
Orion Oyj, Series A	83		1,432
Orion Oyj, Series B	297		5,032
Orkla ASA	2,000		18,405
Orpea SA *	28		1,186
OSI Pharmaceuticals, Inc. *	200		9,858
Osteotech, Inc. *	400		1,704
Pacific Brands, Ltd.	3,203		5,007
Pacific Corp.	81		8,325
Pan Fish ASA *	14,000		6,986
Par Pharmaceutical Companies, Inc. *	200		2,458
Parexel International Corp. *	300		8,598
Parkway Holdings, Ltd.	5,000		6,623
Parmalat SpA	8,036		18,968
Patterson Companies, Inc. *	200		6,082
Paychex, Inc.	400		13,212
PDI, Inc. *	300		2,382
PDL BioPharma, Inc. *	200		1,862
Pediatrix Medical Group, Inc. *	200		10,784
Peets Coffee & Tea, Inc. *	100		2,792
Penauille Polyservices SA	416		1,843
PepsiCo, Inc.	1,900		135,413
Perdigao SA *	600		11,477
Pernod-Ricard SA	285		25,106
Perrigo Company	400		15,384
Pescanova SA	226		9,593
Pfizer, Inc.	10,800		199,152
Pharmaceutical Product Development, Inc.	200		8,270
Pharmanet Development Group, Inc. *	100		722
PHH Corp. *	800		10,632
Philip Morris International, Inc.	2,800		134,680
Phonak Holding AG	116		7,563
Pilgrim's Pride Corp.	900		2,241
Piramal Healthcare, Ltd.	649		4,665
PPB Group BHD	3,000		7,498
Premier Foods PLC	5,216		7,003
Pre-Paid Legal Services, Inc. *	100		4,126
Prestige Brands Holdings, Inc. *	1,300		11,544
Primary Health Care, Ltd.	920		3,834
Procter & Gamble Company	4,600		320,574
Progenics Pharmaceuticals, Inc. *	200		2,662
Programmed Maintenance Services, Ltd.	3,036		9,397
Prosegur Cia de Seguridad SA	81		2,817
PSS World Medical, Inc. *	300		5,850
Psychiatric Solutions, Inc. *	300		11,385
PZ Cussons PLC	1,458		4,647
Qiagen AG *	458		9,051
Qinetiq PLC	3,038		11,301
QLT, Inc. *	500		1,635

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

68

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Quanta Services, Inc. *	600	$	16,206
Quebecor, Inc.	300		7,089
Quest Diagnostics, Inc.	400		20,668
R.R. Donnelley & Sons Company	900		22,077
Raisio Oyj	4,272		9,548
Ralcorp Holdings, Inc. *	200		13,482
Ramirent Oyj	239		1,502
Ramsay Health Care, Ltd.	497		4,031
Randstad Holdings NV	482		12,674
Rank Group PLC *	1,980		2,520
Reckitt Benckiser PLC	816		39,564
Regeneron Pharmaceuticals, Inc. *	300		6,549
RehabCare Group, Inc. *	100		1,810
Remy Cointreau SA	101		4,763
Rent-A-Center, Inc. *	400		8,912
Rentokil Initial PLC	5,274		6,543
Res-Care, Inc. *	100		1,814
ResMed, Inc. *	300		12,900
Resources Connection, Inc. *	200		4,506
Reynolds American, Inc.	600		29,172
Rhoen-Klinikum AG	390		11,393
Rigel Pharmaceuticals, Inc. *	100		2,335
Ritchie Bros. Auctioneers, Inc.	200		4,792
Robert Half International, Inc.	300		7,425
Roche Holdings AG CHF	98		15,391
Roche Holdings AG - Genusschein	1,093		171,100
Rollins, Inc.	100		1,898
RPS Group PLC	1,673		7,341
RTI Biologics, Inc. *	1,400		13,090
Ruddick Corp.	300		9,735
Russ Berrie & Company, Inc. *	200		1,534
S Foods, Inc.	1,500		10,470
S1 Corp.	65		3,311
SABMiller PLC	1,503		29,346
Safeway, Inc.	900		21,348
Safilo Group SpA	2,468		3,456
Salix Pharmaceuticals, Ltd. *	2,200		14,102
Samyang Corp.	250		7,739
Sanderson Farms, Inc.	100		3,674
Sangamo Biosciences, Inc. *	200		1,540
Sanofi-Aventis, ADR	3,000		98,610
Santen Pharmaceutical Company, Ltd.	400		10,168
Sao Martinho SA *	500		4,848
Sapporo Holdings, Ltd.	2,000		14,852
Saputo, Inc.	400		9,490
Sara Lee Corp.	1,400		17,682
Savient Pharmaceuticals, Inc. *	200		2,982
Schering-Plough Corp.	2,100		38,787
Sciele Pharma, Inc. *	200		6,158
Seattle Genetics, Inc. *	300		3,210
Securitas AB, Series B	1,400		15,769
Sepracor, Inc. *	400		7,324
Sequenom, Inc. *	100		2,662
Serco Group PLC	2,355		15,359
Service Corp. International	1,500		12,540
Shenzhen International Holdings, Ltd.	45,000		2,506

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Shikoku Coca-Cola Bottling Company, Ltd.	1,000	$	9,461
Shimadzu Corp.	1,000		8,103
Shionogi & Company, Ltd.	1,000		20,254
Shire Pharmaceuticals Group PLC, ADR	400		19,100
Shiseido Company, Ltd.	1,000		22,393
Shoprite Holdings, Ltd.	2,103		11,958
Sigma Pharmaceuticals, Ltd.	3,490		3,378
Sirona Dental Systems, Inc. *	400		9,312
Sixt AG	172		3,711
Sligro Food Group NV	122		3,676
Smart Balance, Inc. *	300		1,968
Smith & Nephew PLC	400		21,236
Smithfield Foods, Inc. *	900		14,292
Societe BIC SA	188		9,767
Societe Generale de Surveillance Holdings AG	17		20,007
Sonic Healthcare, Ltd.	1,598		16,999
SonoSite, Inc. *	100		3,140
Sotheby's	400		8,024
Souza Cruz SA	400		9,562
Spar Group, Ltd.	562		3,465
Spartan Stores, Inc.	100		2,488
SSL International PLC	1,152		9,289
St. Jude Medical, Inc. *	500		21,745
Stada Arzneimittel AG	140		5,607
Stantec, Inc. *	200		4,788
STERIS Corp.	200		7,516
Stewart Enterprises, Inc., Class A	400		3,144
Straumann Holding AG	42		11,637
Strayer Education, Inc.	100		20,026
Stryker Corp.	600		37,380
Suedzucker AG	510		7,420
Sunrise Senior Living, Inc. *	300		4,137
SUPERVALU, Inc.	900		19,530
SurModics, Inc. *	100		3,149
Suzuken Company, Ltd.	300		9,117
Swedish Match AB	1,000		17,480
Symmetry Medical, Inc. *	100		1,856
Sysco Corp.	800		24,664
Taisho Pharmaceuticals Company, Ltd.	1,000		19,834
Takara Holdings, Inc.	1,000		7,051
Takeda Pharmaceutical Company, Ltd.	900		45,316
Tanabe Seiyaku Company, Ltd.	2,000		27,796
Tate & Lyle PLC	2,361		16,220
Team, Inc. *	100		3,612
Techne Corp. *	200		14,424
Tejon Ranch Company *	100		3,715
TeleTech Holdings, Inc. *	200		2,488
Tenet Healthcare Corp. *	1,200		6,660
Terumo Corp.	200		10,433
Tesco PLC	14,663		101,981
Tetra Tech, Inc. *	300		7,218
Teva Pharmaceutical Industries, Ltd., SADR	1,400		64,106
The Advisory Board Company *	100		3,016
The Coca-Cola Company	2,500		132,200
The Cooper Companies, Inc.	300		10,428
The Geo Group, Inc. *	300		6,063

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

69

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
The Great Atlantic & Pacific Tea Company,
Inc. *	300	$	3,246
The Kroger Company	900		24,732
Theragenics Corp. *	600		1,872
Theravance, Inc. *	200		2,492
Thoratec Corp. *	300		7,875
Ticketmaster *	120		1,288
Tiger Brands, Ltd.	524		8,778
Tingyi Cayman Islands Holding Corp., GDR	16,000		18,692
TNS, Inc. *	100		1,937
Tootsie Roll Industries, Inc.	200		5,782
Toppan Printing Company, Ltd.	2,000		15,597
Toyo Suisan Kaisha, Ltd.	1,000		25,351
Transcontinental, Inc., Class A	500		6,211
Transurban Group, Ltd. *	1,979		9,070
Tree.com, Inc. *	20		96
TreeHouse Foods, Inc. *	200		5,940
Trimeris, Inc. *	500		1,960
TrueBlue, Inc. *	200		3,232
Tupperware Brands Corp.	300		8,289
Tyson Foods, Inc., Class A	1,200		14,328
UCB SA	518		18,404
UNI Charm Corp.	100		7,676
Unilever NV	2,613		73,553
Unilever PLC-Sponsored ADR	2,000		54,420
Uni-President Enterprises Corp.	17,350		15,660
United Drug PLC	768		4,085
United Natural Foods, Inc. *	200		4,998
United Rentals, Inc. *	300		4,572
United Spirits, Ltd.	164		4,481
United Therapeutics Corp. *	100		10,517
UnitedHealth Group, Inc.	1,200		30,468
Universal Corp.	100		4,909
Universal Health Services, Inc., Class B	200		11,206
USANA Health Sciences, Inc. *	100		4,099
UST, Inc.	200		13,308
Valassis Communications, Inc. *	300		2,598
Valeant Pharmaceuticals International *	400		8,188
Varian Medical Systems, Inc. *	200		11,426
VCA Antech, Inc. *	200		5,894
Vector Group, Ltd.	210		3,709
Vertex Pharmaceuticals, Inc. *	200		6,648
Viad Corp.	400		11,516
Vilmorin & Compagnie SA	20		2,634
Vina Concha Y Toro SA, ADR	100		3,521
ViroPharma, Inc. *	500		6,560
Viscofan SA	232		3,812
Vital Images, Inc. *	100		1,500
Volcano Corp. *	300		5,187
W.S. Atkins PLC	557		7,258
Watson Pharmaceuticals, Inc. *	600		17,100
Watson Wyatt Worldwide, Inc., Class A	200		9,946
WD-40 Company	100		3,593
Weight Watchers International, Inc.	300		10,980
Weis Markets, Inc.	200		7,202
WellPoint, Inc. *	400		18,708

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
West Pharmaceutical Services, Inc.	200	$	9,764
Western Union Company	900		22,203
William Morrison Supermarket PLC	9,744		45,313
Wilmar International, Ltd.	2,000		3,547
Winn-Dixie Stores, Inc. *	400		5,560
Woolworths, Ltd.	1,369		30,156
Wright Express Corp. *	100		2,985
Wright Medical Group, Inc. *	100		3,044
Wyeth	1,700		62,798
Xchanging PLC	1,188		5,312
XenoPort, Inc. *	100		4,849
Yakult Honsha Company, Ltd.	200		6,163
Yamazaki Baking Company, Ltd.	1,000		12,128
Young Innovations, Inc.	100		2,018
Yuhan Corp.	40		7,174
Zhejiang Expressway Company, Ltd., Class H	22,000		13,061
Zimmer Holdings, Inc. *	300		19,368
Zoll Medical Corp. *	100		3,272
			10,213,604
Diversified - 0.55%
Ackermans & Van Haaren NV	134		12,059
Aditya Birla Nuvo, Ltd.	314		6,428
Alarko Holding AS	4,388		7,544
Alfa SA de CV	1,400		6,298
Allied Group, Ltd.	2,000		3,546
Barloworld, Ltd.	955		7,483
Beijing Enterprises Holdings, Ltd.	2,500		9,522
Bergman & Beving AB, Series B	25		429
Bidvest Group, Ltd. *	1,529		19,564
Bodycote International PLC	2,408		6,856
C C Land Holdings, Ltd.	7,000		1,529
China Merchants Holdings International
Company, Ltd.	6,028		19,336
China Resources Enterprises, Ltd.	4,000		9,767
Citic Pacific, Ltd.	3,000		8,769
CITIC Resources Holdings, Ltd. *	11,500		1,812
DCC PLC	272		5,345
Dogan Sirketler Grubu Holdings AS *	6,541		7,580
Empresas Copec SA	295		3,338
Eriks Group NV	60		3,110
First Pacific Company	8,000		4,233
GEA Group AG	537		10,394
Gome Electrical Appliances Holdings, Ltd.	20,000		5,905
Grupo Carso SA de CV	3,300		12,613
GS Holdings Corp.	240		6,173
Hunting PLC	402		4,424
Hutchison Whampoa, Ltd.	5,000		38,403
Imperial Holdings, Ltd.	1,696		12,181
Impulsora Del Desarrollo Y El Empleo en
America Latina SAB de CV *	6,500		6,657
Imtech NV	426		8,733
Keppel Corp., Ltd.	2,000		11,052
KOC Holdings AS *	3,087		9,339
Leucadia National Corp.	1,000		45,440
LG Corp.	304		15,830
LVMH Moet Hennessy SA	388		34,064

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

70

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Diversified (continued)
Melco International Development	5,000	$	1,416
Mitie Group PLC	2,329		8,643
NWS Holdings, Ltd.	4,000		7,177
Ordina NV	210		1,595
Quadrant AG *	93		8,998
Schouw & Company A/S, Series B	100		2,521
SeAH Holdings Corp.	92		7,581
Shanghai Industrial Holdings, Ltd.	3,000		6,858
Sherritt International Corp., ADR	1,400		7,485
Sime Darby BHD	3,200		6,186
Walter Industries, Inc.	300		14,235
Washington H Soul Pattinson & Company, Ltd.	1,329		11,454
Wendel	160		12,761
Wharf Holdings, Ltd.	6,000		17,142
			479,808
Energy - 6.46%
Acergy SA	1,054		10,655
Addax Petroleum Corp.	300		8,144
Allis-Chalmers Energy, Inc. *	200		2,530
Alon USA Energy, Inc.	700		9,436
Alpha Natural Resources, Inc. *	200		10,286
American Oil & Gas, Inc. *	1,800		4,698
Anadarko Petroleum Corp.	900		43,659
APA Group	705		1,731
Apache Corp.	600		62,568
Arch Coal, Inc.	300		9,867
Arena Resources, Inc. *	100		3,885
Arrow Energy NL *	2,581		6,057
Atlas America, Inc.	100		3,411
ATP Oil & Gas Corp. * (a)	200		3,562
Atwood Oceanics, Inc. *	300		10,920
Australian Worldwide Exploration, Ltd. *	2,410		4,926
Aventine Renewable Energy Holdings, Inc. *	300		948
Baker Hughes, Inc.	400		24,216
Bankers Petroleum, Ltd. *	700		1,868
Beach Petroleum, Ltd.	5,662		4,095
Berry Petroleum Company, Class A	200		7,746
BG Group PLC	4,208		76,316
Bill Barrett Corp. *	200		6,422
Birchcliff Energy, Ltd. *	300		2,591
BJ Services Company	1,100		21,043
Bourbon SA	160		7,966
Bow Valley Energy, Ltd. *	500		1,424
BP PLC, SADR	6,700		336,139
BPZ Energy, Inc. *	200		3,440
Brigham Exploration Company *	200		2,198
Bumi Resources Tbk PT	39,000		12,970
Cabot Oil & Gas Corp.	500		18,070
Cairn Energy PLC *	165		6,159
Cairn India, Ltd. *	799		3,706
Cal Dive International, Inc. *	500		5,300
Calfrac Well Services, Ltd.	100		1,861
Callon Petroleum Company *	100		1,803
Caltex Australia, Ltd.	703		6,954
Cameron International Corp. *	600		23,124
Canadian Hydro Developers, Inc. *	800		3,105

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Canadian Natural Resources, Ltd.	700	$	48,015
Canadian Superior Energy, Inc. *	600		1,488
Carbo Ceramics, Inc.	100		5,161
Carrizo Oil & Gas, Inc. *	200		7,254
Celtic Exploration, Ltd. *	100		1,323
Centennial Coal Company, Ltd.	1,529		4,526
Chesapeake Energy Corp.	1,300		46,618
Chevron Corp.	3,400		280,432
China Oilfield Services, Ltd., H Shares - Hong
Kong Exchange	10,000		9,265
China Petroleum & Chemical Corp., ADR -
Hong Kong Exchange	300		23,499
China Shenhua Energy Company, Ltd. - Hong
Kong Exchange	6,500		15,944
Cia Espanola de Petroleos SA	64		6,278
Cimarex Energy Company	400		19,564
CNOOC, Ltd., ADR	300		34,353
CNPC Hong Kong, Ltd.	20,000		8,515
CNX Gas Corp. *	100		2,239
Compagnie Generale de Geophysique-Veritas *	800		25,432
Complete Production Services, Inc. *	500		10,065
Compton Petroleum Corp. *	600		3,259
Comstock Resources, Inc. *	300		15,015
Connacher Oil & Gas, Ltd. *	1,300		3,359
ConocoPhillips	3,100		227,075
CONSOL Energy, Inc.	400		18,356
Contango Oil & Gas Company *	100		5,398
Cosmo Oil Company, Ltd.	3,000		7,116
Covanta Holding Corp. *	400		9,576
Crew Energy, Inc. *	300		2,819
Crosstex Energy, Inc.	100		2,497
Crusader Energy Group, Inc. *	500		1,550
Dana Petroleum PLC *	280		5,968
Delta Petroleum Corp. *	400		5,432
Denbury Resources, Inc. *	400		7,616
Det Norske Oljeselskapb ASA *	4,000		3,730
Devon Energy Corp.	800		72,960
Diamond Offshore Drilling, Inc.	200		20,612
Dragon Oil PLC *	1,152		3,643
Dresser-Rand Group, Inc. *	300		9,441
Dril-Quip, Inc. *	200		8,678
Duke Energy Corp.	1,700		29,631
El Paso Corp.	1,300		16,588
Enbridge, Inc.	707		26,155
EnCana Corp.	1,103		70,408
Encore Aquisition Company *	300		12,534
Energy Partners, Ltd. *	200		1,734
Eni SpA, SADR	2,200		116,490
ENSCO International, Inc.	500		28,815
Ensign Energy Services, Inc.	500		7,836
EOG Resources, Inc.	500		44,730
Equitable Resources, Inc.	200		7,336
ERG SpA	354		5,874
Essar Oil Ltd *	1,027		3,561
Esso SAF	21		3,050
Etablissements Maurel et Prom SA	456		7,287
Evergreen Solar, Inc. *	500		2,760

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

71

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
EXCO Resources, Inc. *	500	$	8,160
Exxon Mobil Corp.	6,800		528,088
Fairborne Energy, Ltd. *	400		3,514
Felix Resources, Ltd.	618		8,446
First Calgary Petroleums, Ltd. *	1,600		5,081
Flint Energy Services, Ltd. *	200		2,020
Forest Oil Corp. *	400		19,840
Foundation Coal Holdings, Inc.	200		7,116
Fred Olsen Energy ASA *	134		5,174
Fugro NV	113		6,673
Galleon Energy, Inc., Class A *	300		2,641
Galp Energia SGPS SA	412		6,849
GeoMet, Inc. *	300		1,632
GMX Resources, Inc. *	100		4,780
Goodrich Petroleum Corp. *	100		4,359
Grupa Lotos SA *	726		8,197
Gulf Islands Fabrication, Inc.	100		3,447
Gulfport Energy Corp. *	200		2,010
Halliburton Company	1,400		45,346
Headwaters, Inc. *	200		2,670
Helix Energy Solutions Group, Inc. *	400		9,712
Hellenic Petroleum SA	640		6,929
Helmerich & Payne, Inc.	400		17,276
Hercules Offshore, Inc. *	900		13,644
Hess Corp.	600		49,248
Highpine Oil & Gas, Ltd. *	400		3,191
Holly Corp.	400		11,568
Hornbeck Offshore Services, Inc. *	200		7,724
Husky Energy, Inc. *	300		12,459
Idemitsu Kosan Company, Ltd.	200		16,198
Imperial Oil, Ltd.	300		12,848
Inpex Holdings, Inc.	1		8,498
International Coal Group, Inc. *	800		4,992
ION Geophysical Corp. *	400		5,676
Iteration Energy, Ltd. *	500		1,762
Ivanhoe Energy, Inc. *	900		1,243
James River Coal Company *	100		2,199
Japan Petroleum Exploration Company, Ltd.	200		10,267
JKX Oil & Gas PLC	308		1,538
John Wood Group PLC	2,422		14,728
Key Energy Services, Inc. *	700		8,120
Lufkin Industries, Inc.	100		7,935
Lundin Petroleum AB, Series A *	800		6,684
Lupatech SA *	100		1,892
MacArthur Coal, Ltd.	833		7,053
Marathon Oil Corp.	1,400		55,818
Mariner Energy, Inc. *	400		8,200
Massey Energy Company	200		7,134
Matrix Service Company *	100		1,910
McMoran Exploration Company *	200		4,728
Medco Energi Internasional Tbk PT *	11,000		4,172
Murphy Oil Corp.	500		32,070
NATCO Group, Inc. *	100		4,018
National Fuel Gas Company	200		8,436
National Oilwell Varco, Inc. *	700		35,161
Natural Gas Services Group, Inc. *	100		1,747

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Neste Oil Oyj	693	$	14,453
New Hope Corp., Ltd.	2,874		9,980
Newfield Exploration Company *	500		15,995
Newpark Resources, Inc. *	600		4,380
Nexen, Inc.	1,500		34,813
Niko Resources, Ltd.	200		10,751
Nippon Mining Holdings, Inc.	3,500		14,098
Nippon Oil Corp.	5,000		25,178
Noble Corp.	500		21,950
Noble Energy, Inc.	400		22,236
Norsk Hydro ASA	2,100		14,207
NuVista Energy, Ltd. *	300		3,524
Occidental Petroleum Corp.	1,600		112,720
Oceaneering International, Inc. *	400		21,328
Oil & Natural Gas Corp., Ltd.	493		11,001
Oil Search, Ltd.	2,133		9,546
Oil States International, Inc. *	300		10,605
Oilexco, Inc. *	600		5,891
Omni Energy Services Corp. *	500		1,610
OMV AG	670		28,241
OPTI Canada, Inc. *	1,100		11,421
Origin Energy, Ltd.	1,058		13,685
PA Resources AB *	475		2,445
Parallel Petroleum Corp. *	200		1,884
Paramount Resources, Ltd. *	200		2,133
Parker Drilling Company *	600		4,812
Pason Systems, Inc.	200		2,462
Patterson-UTI Energy, Inc.	400		8,008
Peabody Energy Corp.	400		18,000
Penn Virginia Corp.	200		10,688
Petrobank Energy & Resources, Ltd. *	300		11,374
Petro-Canada	900		29,937
PetroChina Company, Ltd., SADR	400		41,092
Petrofac, Ltd.	838		8,756
PetroHawk Energy Corp. *	500		10,815
Petroleo Brasileiro SA, ADR	2,100		92,295
Petroleo Brasileiro SA, SADR	2,400		89,808
Petroleum Development Corp. *	100		4,437
Petroleum Geo-Services ASA *	709		9,369
Petrolifera Petroleum, Ltd. *	400		1,267
Petroquest Energy, Inc. *	200		3,070
Pioneer Drilling Company *	300		3,990
Pioneer Natural Resources Company	500		26,140
Plains Exploration & Production Company *	200		7,032
Polish Oil & Gas Company	5,354		7,384
Polski Koncern Naftowy Orlen SA	1,103		15,925
Premier Oil PLC *	388		6,770
Pride International, Inc. *	800		23,688
ProEx Energy, Ltd. *	200		2,501
ProSafe ASA *	954		5,222
Prosafe Production Public, Ltd. *	2,200		5,243
PTT Exploration & Production PCL	5,800		21,754
PTT PCL - Foreign Shares	1,000		6,734
Q-Cells AG *	89		7,463
Queensland Gas Company, Ltd. *	2,614		8,516
Questar Corp.	600		24,552

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

72

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Quicksilver Resources, Inc. *	300	$	5,889
Range Resources Corp.	200		8,574
Reliance Industries, Ltd.	1,189		49,858
Reliance Petroleum, Ltd. *	1,276		3,953
Renewable Energy Corp. ASA *	350		6,488
Repsol YPF SA, ADR	1,500		44,490
Riversdale Mining, Ltd. *	685		4,622
Rosetta Resources, Inc. *	300		5,508
Rowan Companies, Inc.	500		15,275
Royal Dutch Shell PLC, ADR, Class B	2,900		165,561
RPC, Inc.	300		4,218
Saipem SpA	544		16,277
Salamander Energy PLC *	742		2,327
Santos, Ltd.	636		9,732
Saras SpA Raffinerie Sarde	1,651		6,890
Sasol, Ltd., SADR	1,100		46,739
Savanna Energy Services Corp.	400		5,814
SBM Offshore NV	403		8,628
Schlumberger, Ltd.	1,500		117,135
Schoeller-Bleckmann Oilfield Equipment AG	46		2,792
SEACOR Holdings, Inc. *	200		15,790
Sechilienne-Sidec SA	52		2,976
Sevan Marine ASA *	1,000		4,130
ShawCor, Ltd., Class A	200		4,022
Showa Shell Sekiyu K.K.	1,000		9,740
Singapore Petroleum Company, Ltd.	3,000		9,749
SK Corp.	205		19,089
SK Energy Company, Ltd.	196		14,850
Smith International, Inc.	400		23,456
Soco International PLC *	260		6,926
S-Oil Corp.	148		8,525
Solarworld AG	324		13,637
Southwestern Energy Company *	600		18,324
Spectra Energy Corp.	800		19,040
St. Mary Land & Exploration Company	300		10,695
StatoilHydro ASA, SADR	2,300		54,740
Stone Energy Corp. *	200		8,466
Storm Exploration, Inc. *	200		2,610
Subsea 7 Inc *	400		5,414
Suncor Energy, Inc.	1,100		45,478
Sunoco, Inc.	200		7,116
SunPower Corp., Class A *	100		7,093
Superior Energy Services, Inc. *	400		12,456
Superior Well Services, Inc. *	100		2,531
Swift Energy Company *	200		7,738
T-3 Energy Services, Inc. *	100		3,712
Talisman Energy, Inc.	3,600		50,808
Technip SA	482		27,084
Tesco Corp. *	200		4,188
TETRA Technologies, Inc. *	300		4,155
TGS Nopec Geophysical Company ASA *	600		4,828
Thai Oil Public Company, Ltd.	3,000		3,677
Theolia SA *	179		1,917
Tidewater, Inc.	300		16,608
TonenGeneral Sekiyu K.K.	1,000		8,213
Total SA, ADR	3,400		206,312

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Trans-Canada Corp.	1,002	$	35,934
Trican Well Service, Ltd. *	500		7,517
Trinidad Drilling, Ltd. *	400		3,702
Tristar Oil & Gas, Ltd. *	400		5,833
Tullow Oil PLC	1,344		17,183
Tupras Turkiye Petrol Rafine AS	800		14,594
UK Coal PLC *	640		3,932
Union Drilling, Inc. *	900		9,531
Unit Corp. *	300		14,946
UTS Energy Corp. *	2,400		2,864
VAALCO Energy, Inc. *	300		2,052
Valero Energy Corp.	600		18,180
Venoco, Inc. *	300		3,900
Venture Production PLC	606		6,639
Verenex Energy, Inc. *	300		2,283
Vero Energy, Inc. *	300		2,086
W&T Offshore, Inc.	500		13,645
Warren Resources, Inc. *	300		2,994
Weatherford International, Ltd. *	900		22,626
Whiting Petroleum Corp. *	400		28,504
Williams Companies, Inc.	800		18,920
Woodside Petroleum, Ltd.	583		23,525
XTO Energy, Inc.	900		41,868
Yanzhou Coal Mining Company, Ltd.	500		5,250
			5,676,030
Financial - 14.44%
1st Source Corp.	200		4,700
Aareal Bank AG	186		2,143
Aberdeen Asset Management PLC	3,686		8,447
ABSA Group, Ltd.	754		9,993
Admiral Group PLC	615		11,309
Aegon NV	4,756		42,078
Aetna, Inc.	800		28,888
Affiliated Managers Group, Inc. *	300		24,855
AFLAC, Inc.	800		47,000
African Bank Investments, Ltd.	3,377		10,429
AGF Management, Ltd. *	403		6,494
Agricultural Bank of Greece	2,722		7,887
Aichi Bank, Ltd.	100		6,928
Aioi Insurance Company, Ltd.	2,000		9,976
Akbank AS	1,850		9,471
Akita Bank, Ltd.	1,000		3,827
Alleanza Assicurazioni SpA	1,641		15,084
Allgreen Properties, Ltd.	5,000		2,226
Allianz SE	996		136,550
Allied Irish Banks PLC-Sponsored ADR	1,000		16,440
Allied Properties HK, Ltd.	20,000		2,598
Allreal Holding AG	41		4,644
Allstate Corp.	1,400		64,568
Alpha Bank A.E.	1,517		33,027
AMB Generali Holding AG	56		8,781
American Capital, Ltd. *	600		15,306
American Express Company	1,800		63,774
American Financial Group, Inc.	700		20,650
American International Group, Inc.	2,800		9,324
American National Insurance Company	100		8,633

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

73

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
AmeriCredit Corp. *	1,100	$	11,143
Ameriprise Financial, Inc.	900		34,380
Amerisafe, Inc. *	200		3,640
Amlin PLC	3,038		17,384
AMMB Holdings BHD	9,200		7,977
AMP, Ltd.	3,081		17,519
Amtrust Financial Services, Inc.	300		4,077
Anglo Irish Bank Corp. PLC	3,621		20,541
Aomori Bank, Ltd.	1,000		3,788
Aon Corp.	500		22,480
Aozora Bank, Ltd.	2,000		3,135
Arthur J. Gallagher & Company	100		2,566
Ashmore Group PLC *	2,022		7,134
Asset Acceptance Capital Corp. *	200		2,108
Assicurazioni Generali SpA	1,073		35,620
Associated Banc Corp.	900		17,955
Associated International Hotels *	2,000		3,746
Assurant, Inc.	500		27,500
Astoria Financial Corp.	500		10,365
Australia and New Zealand
Banking Group, Ltd.	3,666		56,637
Australian Infrastructure Fund	1,830		3,199
Australian Stock Exchange, Ltd.	292		7,198
Australian Wealth Management, Ltd.	3,779		3,729
Avatar Holdings, Inc. *	100		3,300
Aviva PLC	7,875		68,499
Axa Asia Pacific Holdings, Ltd.	2,094		8,616
AXA-Sponsored ADR	3,300		107,778
Axis Bank, Ltd.	1,198		18,788
Babcock & Brown Wind Partners	6,731		5,654
Baloise Holding AG	326		22,258
Banca Carige SpA	5,154		17,026
Banca Italease *	1,059		6,762
Banca Monte dei Paschi Siena SpA	3,557		8,853
Banca Popolare dell'Etruria e del Lazio	478		3,763
Banca Popolare di Milano SpA	2,231		18,961
BancFirst Corp.	100		4,833
Banche Popolari Unite SpA	2,392		52,401
Banco Bilbao Vizcaya Argentaria SA, ADR	4,300		69,531
Banco Bilbao Vizcaya Argentaria SA	551		8,910
Banco BPI SA	1,170		3,639
Banco Bradesco SA, ADR	3,200		51,520
Banco Bradesco SA	1,700		24,032
Banco Comercial dos Acores SA	4,322		7,070
Banco de Chile	200		8,000
Banco de Sabadell SA	3,349		26,029
Banco de Valencia SA	696		8,489
Banco do Brasil SA	800		9,564
Banco Espirito Santo SA	527		6,535
Banco Guipuzcoano SA	290		2,738
Banco Itau Holding Financeira SA, ADR	2,750		48,125
Banco Pastor SA	626		5,393
Banco Popolare Societa Cooperativa	2,568		39,892
Banco Popular Espanol SA	2,844		33,876
Banco Santander Central Hispano SA	3,635		54,504
Banco Santander Central Hispano
SA-Sponsored ADR	10,400		156,208

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
BancorpSouth, Inc.	600	$	16,878
Bangkok Bank PCL, Foreign Shares	2,900		8,885
Bank Central Asia Tbk PT	35,500		11,693
Bank Danamon Indonesia Tbk PT	17,500		8,922
Bank Hapoalim, Ltd.	2,355		6,970
Bank Leumi Le-Israel, Ltd.	2,275		7,740
Bank Mandiri Tbk PT	33,500		9,285
Bank Millennium SA	3,042		8,054
Bank Mutual Corp.	300		3,405
Bank of America Corp.	9,300		325,500
Bank of China, Ltd.	47,000		18,214
Bank of Communications Company, Ltd.,
Class H	8,000		7,286
Bank of East Asia, Ltd.	3,215		10,120
Bank of Greece SA	87		7,012
Bank of Hawaii Corp.	200		10,690
Bank of Ireland	600		13,608
Bank of Iwate, Ltd.	100		5,950
Bank of Kyoto, Ltd.	1,000		10,206
Bank of Montreal	1,009		43,580
Bank of Nagoya, Ltd.	1,000		5,522
Bank of New York Mellon Corp.	2,300		74,934
Bank of Nova Scotia	1,100		49,612
Bank of Okinawa, Ltd.	100		3,522
Bank of Piraeus SA	1,118		23,279
Bank of Queensland, Ltd.	617		6,608
Bank of the Ozarks, Inc.	100		2,700
Bank Pan Indonesia Tbk PT *	104,500		8,278
Bank Pekao SA	238		17,179
Bank Rakyat Indonesia Tbk PT	15,000		8,475
Bank Sarasin & Compagnie AG, Series B	196		7,506
Bank Zachodni WBK SA	124		7,985
BankFinancial Corp.	200		2,936
Bankinter SA, ADR	1,675		21,055
Banque Cantonale Vaudoise, Series B *	33		9,864
Banque Nationale de Belgique	1		3,868
Barclays PLC, SADR	3,700		91,390
Basler Kantonalbank	94		9,689
BB&T Corp.	1,400		52,920
Bendigo Bank, Ltd.	1,529		14,593
Benfield Group, Ltd.	796		4,796
Berkshire Hill Bancorp, Inc.	100		3,200
BlackRock, Inc.	200		38,900
BNP Paribas SA	1,528		145,859
BOC Hong Kong Holdings, Ltd.	4,000		7,151
BOK Financial Corp.	300		14,523
Brewin Dolphin Holdings PLC	1,191		2,680
Brit Insurance Holdings PLC	2,107		6,889
Brookline Bancorp, Inc.	900		11,511
Brown & Brown, Inc.	600		12,972
Cabcharge Australia, Ltd.	479		2,620
Canaccord Capital, Inc.	300		2,249
Canadian Imperial Bank of Commerce	600		34,436
Canadian Western Bank	300		5,615
Capital & Regional PLC	453		1,388
Capital City Bank Group, Inc.	200		6,270

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

74

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Capital One Financial Corp.	800	$	40,800
Capital Southwest Corp.	100		14,205
Capitaland, Ltd.	8,000		17,438
Capitol Federal Financial	300		13,299
Cass Information Systems, Inc.	100		3,585
Cathay Financial Holdings Company, Ltd.	9,450		13,049
Cathay General Bancorp, Inc.	300		7,140
Catlin Group, Ltd.	1,699		10,650
CB Richard Ellis Group, Inc. *	1,100		14,707
Central Pacific Financial Corp.	200		3,362
Challenger Financial Services Group, Ltd.	2,280		4,499
Chang Hwa Commercial Bank, Ltd.	29,000		14,804
Charles Schwab Corp.	1,400		36,400
Chemical Financial Corp.	200		6,228
Cheung Kong Holdings, Ltd.	3,000		33,986
Chiba Bank, Ltd.	4,000		20,972
China Construction Bank - Hong Kong
Exchange	49,000		32,696
China Development Financial Holdings Corp.	51,250		15,539
China Everbright, Ltd.	10,000		16,045
China Insurance International Holdings
Company, Ltd.	7,000		13,468
China Life Insurance Company, Ltd., SADR	700		38,934
Chinatrust Finance Holding Company, Ltd.	27,010		14,822
Chubb Corp.	900		49,410
Chugoku Bank, Ltd.	1,000		13,954
CIGNA Corp.	1,000		33,980
Cincinnati Financial Corp.	500		14,220
Citigroup, Inc.	6,600		135,366
Citizens Banking Corp.	500		1,540
Citizens, Inc., Class A *	300		2,466
City Developments, Ltd.	1,000		6,253
City Holding Company	100		4,225
City National Corp.	300		16,290
Close Brothers Group PLC	901		9,086
CME Group, Inc.	100		37,151
CNA Financial Corp.	1,200		31,488
CNA Surety Corp. *	300		5,010
CNP Assurances SA	168		18,976
Cohen & Steers, Inc.	100		2,833
Colonial Bancgroup, Inc.	1,000		7,860
Comerica, Inc.	700		22,953
Commerce Asset Holdings	3,200		7,158
Commerce Bancshares, Inc.	300		13,920
Commerzbank AG	2,450		36,318
Commonwealth Bank of Australia, Ltd.	2,033		71,650
Community Bank Systems, Inc.	200		5,030
Community Trust Bancorp, Inc.	100		3,440
Corpbanca SA, SADR	100		2,404
Corus Bankshares, Inc.	300		1,215
Credit Agricole SA	1,869		35,990
Credit Saison Company, Ltd.	900		14,791
Credit Suisse Group, SADR	3,700		178,636
Cullen Frost Bankers, Inc.	300		18,000
CVB Financial Corp.	400		5,560
Cyrela Brazil Realty SA	1,400		14,347
D. Carnegie & Company AB	700		5,192

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Daegu Bank	730	$	6,520
Daewoo Securities Company, Ltd.	990		14,587
Dah Sing Financial Group	800		3,380
Daisan Bank, Ltd.	1,000		3,346
Daishi Bank, Ltd.	2,000		7,897
Daishin Securities Company, Ltd.	250		3,962
Daito Trust Construction Company, Ltd.	200		7,439
Daiwa Securities Group, Inc.	2,000		14,567
Danske Bank AS	1,000		24,078
DBS Group Holdings, Ltd.	2,000		23,834
Delphi Financial Group, Inc.	300		8,412
Den Norske Bank ASA	1,681		13,041
Deutsche Bank AG	1,100		80,069
Deutsche Boerse AG	277		25,348
Deutsche Postbank AG	201		7,614
Dexia SA	972		10,618
Dime Community Bancorp, Inc.	200		3,044
Discover Financial Services	2,200		30,404
Discovery Holdings, Ltd., ADR	3,521		9,220
DLF, Ltd.	741		5,642
Dongbu Insurance Company, Ltd.	320		7,401
DVB Bank AG	130		4,767
E.Sun Financial Holding Company, Ltd.	19,760		5,340
East West Bancorp, Inc.	400		5,480
Eaton Vance Corp.	300		10,569
Echo Investment SA *	5,340		9,082
EFG Eurobank Ergas SA	1,415		25,793
EFG International, ADR	308		8,892
Ehime Bank, Ltd.	1,000		2,793
Eighteenth Bank, Ltd.	1,000		2,624
Employers Holdings, Inc.	200		3,476
Encore Capital Group, Inc. *	200		2,740
Erie Indemnity Company, Class A	300		12,681
Erste Bank der Oesterreichischen
Sparkassen AG	779		38,782
Euler Hermes SA	71		4,999
F&C Asset Management PLC	991		1,341
F.N.B. Corp.	300		4,794
Fairfax Financial Holdings, Ltd.	100		32,054
FBD Holdings PLC - London Exchange	77		1,181
FBL Financial Group, Inc., Class A	200		5,578
Federated Investors, Inc., Class B	300		8,655
Fidelity National Financial, Inc., Class A	1,200		17,640
Fidelity National Information Services, Inc.	600		11,076
Fifth Third Bancorp	1,200		14,280
Financial Federal Corp.	200		4,584
First American Corp.	700		20,650
First Busey Corp.	200		3,666
First Commonwealth Financial Corp. (a)	500		6,735
First Community Bancshares, Inc.	100		3,752
First Financial BanCorp	200		2,920
First Financial Bankshares, Inc.	100		5,188
First Financial Corp.	100		4,698
First Financial Holding Company, Ltd.	9,108		5,703
First Financial Holdings, Inc.	100		2,618
First Midwest BanCorp, Inc.	300		7,272

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

75

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
First Niagara Financial Group, Inc.	700	$	11,025
First Security Group, Inc.	300		2,196
FirstMerit Corp.	500		10,500
FirstRand, Ltd.	5,619		11,570
Flushing Financial Corp.	200		3,500
Fondiaria-Sai SpA	237		5,594
Forest City Enterprises, Inc., Class A	700		21,469
Fortis Group SA	2,414		14,914
Franklin Resources, Inc.	400		35,252
Frontier Financial Corp.	300		4,029
Fubon Group Company, Ltd.	21,000		15,196
Fuhwa Financial Holdings Company, Ltd.	28,000		15,495
Fukui Bank, Ltd.	2,000		5,765
Fukuoka Financial Group, Inc.	3,000		11,040
Fulton Financial Corp.	900		9,819
GAMCO Investors, Inc.	100		5,930
GEK Group of Companies SA	925		5,711
Geniki Bank SA *	1,776		7,236
Genworth Financial, Inc., Class A	1,600		13,776
German American Bancorp	200		2,330
Getin Holding SA *	2,198		8,357
GFI Group, Inc.	500		2,355
Glacier Bancorp, Inc.	300		7,431
Goldman Sachs Group, Inc.	700		89,600
Great Eagle Holdings, Ltd,	4,000		8,896
Great-West Lifeco, Inc.	400		11,802
Greek Postal Savings Bank	615		6,366
Greenhill & Company, Inc.	100		7,375
Grupo Catalana Occidente SA	346		7,297
Grupo Financiero Banorte SA de CV	6,500		20,742
Grupo Financiero Inbursa SA de CV	5,600		19,253
GSD Holding AS *	8,585		6,625
Guangzhou R&F Properties Company, Ltd., H
Shares	4,800		4,408
Gunma Bank	2,000		11,405
Hallmark Financial Services, Inc. *	1,100		9,999
Hana Financial Group, Inc.	560		13,170
Hancock Holding Company	200		10,200
Hang Lung Group, Ltd.	4,000		12,671
Hang Lung Properties, Ltd.	7,000		16,478
Hang Seng Bank, Ltd.	1,100		20,795
Hannover Rueckversicherung AG	242		8,857
Hanover Insurance Group, Inc.	300		13,656
Hanwha Securities Company, Ltd.	1,440		10,083
Harleysville Group, Inc.	200		7,560
Harleysville National Corp.	200		3,396
Harris & Harris Group, Inc. *	300		1,914
Hartford Financial Services Group, Inc.	800		32,792
HBOS PLC	11,736		26,626
HCC Insurance Holdings, Inc.	700		18,900
HDFC Bank Ltd	200		16,990
Heartland Financial USA, Inc.	100		2,506
Helical Bar PLC	514		2,797
Helvetia Patria Holding AG	25		6,267
Henderson Group PLC	3,377		6,663
Henderson Land Development Company, Ltd.	4,000		17,831

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Higo Bank, Ltd.	2,000	$	11,497
Hilb, Rogal and Hamilton Company	200		9,348
Hiscox PLC	2,313		10,169
Hokuhoku Financial Group, Inc.	4,000		8,926
Home Bancshares, Inc.	108		2,794
Home Capital Group, Inc.	100		2,960
Home Federal Bancorp, Inc.	200		2,550
Hong Kong Exchange & Clearing, Ltd.	1,800		22,170
Hong Leong Bank BHD	2,800		4,600
Hopewell Holdings, Ltd.	3,000		10,895
Hopson Development Holdings, Ltd., GDR	6,000		3,048
HSBC Holdings PLC-Sponsored ADR	5,200		420,316
Hua Nan Financial Holdings Company, Ltd.	11,220		6,977
Hudson City Bancorp, Inc.	1,700		31,365
Hyakujushi Bank, Ltd. *	2,000		11,200
Hypo Real Estate Holding AG	645		3,805
Hyundai Marine & Fire
Insurance Company, Ltd.	240		3,891
Hyundai Securities Company, Ltd.	680		6,893
IBERIABANK Corp.	100		5,285
ICAP PLC	897		5,786
ICICI Bank, Ltd., SADR	1,000		23,520
IGM Financial, Inc.	400		14,436
Independence Holding Company	200		2,310
Independent Bank Corp.	200		6,234
Industrial & Commercial Bank of China, Ltd.	53,000		32,033
Industrial Alliance Insurance and Financial
Services, Inc.	500		15,880
Industrial Bank of Korea	1,220		14,760
ING Canada, Inc., ADR	300		10,137
ING Groep NV, SADR	3,900		83,460
Integra Bank Corp.	200		1,596
IntercontinentalExchange, Inc. *	100		8,068
Intermediate Capital Group PLC	488		10,695
International Bancshares Corp.	500		13,500
International Personal Finance PLC	1,207		5,406
Intesa Sanpaolo SpA	15,269		83,973
Intrum Justitia AB	200		2,151
Investec PLC	2,049		11,195
Investec, Ltd.	1,608		9,408
Investment Technology Group, Inc. *	400		12,172
Investors Bancorp, Inc. *	600		9,030
Israel Discount Bank, Ltd. *	4,826		7,055
IVG Immobilien AG	619		5,964
Iyo Bank, Ltd.	1,000		10,901
Janus Capital Group, Inc.	500		12,140
Jefferies Group, Inc.	700		15,680
JHSF Participacoes SA	2,000		3,468
Jones Lang LaSalle, Inc.	200		8,696
Joyo Bank, Ltd.	2,000		9,105
JPMorgan Chase & Company	6,900		322,230
Julius Baer Holding AG	402		19,992
Juroku Bank, Ltd. *	3,000		11,483
Jyske Bank *	136		6,848
Kagawa Bank, Ltd.	1,000		4,685
Kagoshima Bank, Ltd.	2,000		13,741
KB Financial Group, Inc. *	600		27,414

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

76

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
KBC Bancassurance Holding NV	335	$	29,142
KBW, Inc. *	100		3,294
Kearny Financial Corp.	500		6,120
Keiyo Bank, Ltd.	2,000		9,614
Kenedix, Inc.	4		2,351
Keppel Land, Ltd.	3,000		5,992
Kerry Properties, Ltd.	3,500		11,344
KeyCorp	900		10,746
King's Town Bank *	36,000		8,407
Kita-Nippon Bank, Ltd.	100		2,598
Kiyo Holdings, Inc.	4,000		5,771
Knight Capital Group, Inc. *	1,300		19,318
Komercni Banka AS	39		8,771
Korea Exchange Bank	680		6,315
Korea Investment Holdings Company, Ltd.	200		5,471
Korean Reinsurance Company, Ltd.	360		2,832
Kotak Mahindra Bank, Ltd.	718		8,588
Kowloon Development Company, Ltd.	7,000		6,268
Kredyt Bank SA	1,216		7,029
Krung Thai Bank PCL	42,800		7,647
Lakeland Bancorp, Inc.	200		2,338
Laurentian Bank of Canada	300		10,712
Legacy Bancorp, Inc. *	100		1,185
Legal & General Group PLC	23,509		42,427
Legg Mason, Inc.	300		11,418
Lend Lease Corp.	2,116		15,608
LeoPalace21 Corp.	700		5,413
LIG Non-Life Insurance Company, Ltd.	180		3,771
Lincoln National Corp.	500		21,405
Lippo Karawaci Tbk PT	50,000		3,696
Lloyds TSB Group PLC, SADR	2,600		43,498
Loews Corp.	900		35,541
M&T Bank Corp.	500		44,625
Macatawa Bank Corp.	300		2,097
Macquarie Airports, Ltd.	2,294		5,043
Macquarie Communications
Infrastructure Group, Ltd.	4,983		10,363
Macquarie Group, Ltd.	737		22,693
MainSource Financial Group, Inc.	200		3,920
Malayan Bank BHD	3,700		7,359
Malaysian Plantations BHD	11,800		8,574
Man Group PLC, ADR	3,903		23,851
Marfin Financial Group SA Holdings *	1,520		10,904
Markel Corp. *	100		35,150
Marlin Business Services Corp. *	800		6,784
Marsh & McLennan Companies, Inc.	700		22,232
MB Financial, Inc.	200		6,614
Mediobanca SpA	1,154		15,663
Mega Financial Holding Company, Ltd.	43,000		19,718
Mercury General Corp.	400		21,900
Merrill Lynch & Company, Inc.	1,100		27,830
MetLife, Inc.	1,500		84,000
Metropolitan Holdings, Ltd.	3,767		5,082
Milano Assicurazioni SpA	1,886		8,357
Mirae Asset Securities Company, Ltd.	68		5,990
Mitsubishi Estate Company, Ltd.	2,000		39,410

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Mitsubishi UFJ Financial Group, Inc.	15,500	$	135,164
Mitsui Sumitomo Insurance Group Holdings,
Inc. *	700		23,840
Mitsui Trust Holdings, Inc.	4,000		21,595
Miyazaki Bank, Ltd.	1,000		2,990
Mizuho Financial Group, Inc.	12		52,478
Mobimo Holding AG *	62		9,679
Morgan Stanley	2,300		52,900
Muenchener Rueckversicherungs-
Gesellschaft AG	288		43,443
Musashino Bank, Ltd.	200		5,800
Nagano Bank, Ltd.	5,000		9,531
Nara Bancorp, Inc.	200		2,240
Nasdaq Stock Market, Inc. *	900		27,513
National Australia Bank, Ltd.	3,200		64,584
National Bank of Canada	600		27,428
National Bank of Greece SA	986		39,957
National Penn Bancshares, Inc.	400		5,840
Natixis	2,465		8,255
Navigators Group, Inc. *	100		5,800
NBT Bancorp, Inc.	200		5,984
Nedbank Group, Ltd.	671		8,496
New World Development Company, Ltd.	12,000		13,365
New York Community Bancorp, Inc.	1,500		25,185
NewAlliance Bancshares, Inc.	700		10,521
NewStar Financial, Inc. *	1,100		8,899
NH Investment & Securities Company, Ltd.	1,580		9,346
NIPPONKOA Insurance Company, Ltd.	2,000		11,242
Nishi-Nippon City Bank, Ltd.	3,000		7,491
Nissay Dowa General Insurance Company,
Ltd. *	2,000		11,086
Nomura Holdings, Inc.	2,200		28,710
Nomura Real Estate Holdings, Inc.	400		9,528
Nordea Bank AB	5,751		68,661
Northbridge Financial Corp.	200		5,497
Northern Trust Corp.	300		21,660
Northwest Bancorp, Inc.	300		8,262
Novae Group PLC	890		4,786
NRMA Insurance Group, Ltd.	8,273		27,460
Ocwen Financial Corp. *	1,800		14,490
Odontoprev SA *	100		1,498
Odyssey Re Holdings Corp.	200		8,760
Ogaki Kyoritsu Bank, Ltd. *	2,000		10,671
Oita Bank, Ltd.	1,000		5,269
OKO Bank PLC, Series A	651		9,487
Old Mutual PLC	9,922		13,888
Old National Bancorp	200		4,004
Old Republic International Corp.	1,100		14,025
Onex Corp.	500		12,906
optionsXpress Holdings, Inc.	200		3,884
Oritani Financial Corp. *	100		1,685
OTP Bank Rt. *	443		16,032
Oversea-Chinese Banking Corp., Ltd.	8,000		40,392
Pacific Capital Bancorp	300		6,105
PacWest Bancorp	200		5,718
Park National Corp.	100		7,800
Partners Group Holding AG	72		9,018

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

77

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Penson Worldwide, Inc. *	200	$	2,774
Peoples Bancorp, Inc.	100		2,177
People's United Financial, Inc.	600		11,550
Peregrine Holdings, Ltd.	1,996		2,362
Perpetual Trust of Australia, Ltd.	227		8,722
PICC Property & Casualty Company, Ltd.,
Class H *	14,000		5,703
Piccolo Credito Valtellinese Scrl	1,389		11,586
Ping An Insurance Group Company of China,
Ltd.	3,500		20,496
Pinnacle Financial Partners, Inc. *	200		6,160
PNC Financial Services Group, Inc.	600		44,820
Portfolio Recovery Associates, Inc. *	100		4,863
Power Corp. Of Canada	1,300		38,111
Power Financial Corp.	400		12,501
Powszechna Kasa Oszczednosci Bank
Polski SA	452		8,284
Principal Financial Group, Inc.	800		34,792
ProAssurance Corp. *	200		11,200
Progressive Corp.	1,500		26,100
Prosperity Bancshares, Inc.	300		10,197
Protective Life Corp.	300		8,553
Proton Bank SA	1,023		8,012
Provident Financial PLC	616		9,557
Provident Financial Services, Inc.	700		11,557
Provident New York Bancorp	300		3,966
Prudential Financial, Inc.	1,000		72,000
Prudential PLC	3,200		58,880
PSG Group, Ltd.	3,779		7,272
Pusan Bank	730		6,594
QBE Insurance Group, Ltd.	1,382		29,804
Quest Capital Corp.	1,200		1,646
Quintain Estates & Development PLC	872		3,162
Raiffeisen International Bank Holding AG	72		5,200
Raymond James Financial, Inc.	400		13,192
Regus Group PLC	6,222		7,109
Reinsurance Group of America, Inc. *	400		21,600
Reliance Capital, Ltd.	428		10,569
Rensburg Sheppards PLC	600		5,423
Republic First Bancorp, Inc. *	1,100		9,471
Resona Holdings, Inc.	6		8,094
RLI Corp.	200		12,418
Rockville Financial, Inc.	200		3,150
Roma Financial Corp.	200		2,950
Royal Bank of Canada	1,613		76,544
Royal Bank of Scotland Group PLC	30,387		98,026
S & T Bancorp, Inc.	100		3,683
Safety Insurance Group, Inc.	100		3,793
Sampo Oyj, A Shares	1,339		30,465
Samsung Card Company, Ltd.	240		8,187
Samsung Fire & Marine
Insurance Company, Ltd.	49		8,578
Samsung Securities Company, Ltd.	305		19,285
Sanders Morris Harris Group, Inc.	1,100		9,515
Sanlam, Ltd.	10,273		22,115
Santam, Ltd.	321		3,474
Sapporo Hokuyo Holdings, Inc.	2		10,012

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
SCBT Financial Corp.	100	$	3,760
Schroders PLC	539		9,943
Schroders PLC	539		8,217
Schweizerhall Holding AG	47		9,071
Schweizerische
National-Versicherungs-Gesellschaft AG *	4		2,444
SCOR SE	919		17,870
SeaBright Insurance Holdings, Inc. *	200		2,600
Selective Insurance Group, Inc.	300		6,876
Shenzhen Investment, Ltd.	14,000		2,095
Shiga Bank, Ltd.	2,000		12,697
Shikoku Bank, Ltd.	1,000		3,182
Shimao Property Holdings, Ltd., GDR	5,500		3,172
Shimizu Bank, Ltd.	100		3,946
Shin Kong Financial Holding Company, Ltd.	26,249		9,070
Shinhan Financial Group Company, Ltd.,
SADR	300		21,378
Shinko Securities Company, Ltd.	3,000		8,471
Shinsei Bank, Ltd.	3,000		9,227
Shinyoung Securities Company, Ltd.	260		8,850
Shizuoka Bank, Ltd.	2,000		19,691
Shui On Land, Ltd.	11,500		4,801
Shun Tak Holdings, Ltd.	18,000		6,198
Siam Commercial Bank PCL	2,300		4,653
Signature Bank *	200		6,976
Simmons First National Corp., Class A	100		3,560
Singapore Exchange, Ltd.	2,000		8,712
Sino Land Company, Ltd.	6,000		6,720
SinoPac Holdings Company, Ltd.	22,000		6,146
Skandinaviska Enskilda Banken AB, Series A	2,100		32,754
SLM Corp. *	1,500		18,510
SNS Reaal	467		5,330
Societa' Cattolica di Assicurazioni S.c.r.l.	309		14,341
Societe Generale	856		76,894
Sompo Japan Insurance, Inc.	3,000		25,463
Sony Financial Holdings, Inc.	2		7,874
Southside Bancshares, Inc.	100		2,520
Sovereign Bancorp, Inc.	2,900		11,455
SP Setia BHD	10,400		9,443
Spar Nord Bank A/S	600		7,627
Sparebanken Midt-Norge	200		1,312
Spark Infrastructure Group	6,753		7,885
St James's Place PLC	895		3,483
St. George Bank, Ltd.	912		21,526
St. Modwen Properties PLC	689		3,611
Stancorp Financial Group, Inc.	300		15,600
Standard Bank Group, Ltd.	3,518		40,436
Standard Chartered PLC	2,687		66,115
Standard Life PLC	6,947		30,285
State Auto Financial Corp.	300		8,721
State Street Corp.	900		51,192
StellarOne Corp.	200		4,134
Sterling Bancshares, Inc.	500		5,225
Sterling Financial Corp.	300		4,350
Stewart Information Services Corp.	100		2,975
Stifel Financial Corp. *	150		7,485
Storebrand ASA	2,167		12,879

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

78

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Student Loan Corp.	100	$	9,300
Sumitomo Mitsui Financial Group, Inc.	8		50,157
Sumitomo Realty &
Development Company, Ltd.	1,000		21,779
Sumitomo Trust & Banking Company, Ltd.	4,000		26,650
Sun Hung Kai Properties, Ltd.	2,000		20,610
Sun Life Financial, Inc.	1,000		34,954
Suncorp-Metway, Ltd.	2,647		20,119
SunTrust Banks, Inc.	900		40,491
Suruga Bank, Ltd.	1,000		11,640
Susquehanna Bancshares, Inc.	500		9,760
SVB Financial Group *	200		11,584
Svenska Handelsbanken AB, Series A	1,800		40,313
Swedbank AB, A shares	1,600		20,918
Swiss Life Holding *	188		27,295
Swiss Re	1,393		77,319
Swissfirst AG	191		8,581
Sydbank AS	300		8,999
Synovus Financial Corp.	1,700		17,595
T&D Holdings, Inc.	350		18,488
T. Rowe Price Group, Inc.	500		26,855
Ta Chong Bank, Ltd. *	15,000		3,391
Taishin Financial Holdings Company, Ltd.	21,000		4,154
Taiwan Business Bank *	25,000		6,158
Taiwan Cooperative Bank	24,500		13,637
TCF Financial Corp.	600		10,800
TD Ameritrade Holding Corp. *	700		11,340
Texas Capital Bancshares, Inc. *	200		4,152
TFS Financial Corp.	900		11,268
The 77th Bank, Ltd.	2,000		10,085
The Bank of Yokohama, Ltd.	4,000		19,814
The Hachijuni Bank, Ltd.	2,000		10,610
The Hiroshima Bank, Ltd.	2,000		7,409
The Hyakugo Bank, Ltd.	2,000		11,336
The Nanto Bank, Ltd.	2,000		10,588
The San-in Godo Bank, Ltd.	1,000		7,747
The St. Joe Company *	300		11,727
The Travelers Companies, Inc.	1,600		72,320
TMX Group, Inc.	300		8,175
Tochigi Bank, Ltd.	1,000		5,330
Toho Bank, Ltd.	1,000		3,891
Tokio Marine Holdings, Inc.	1,300		47,728
Tokushima Bank, Ltd.	1,000		3,688
Tokyo Rakutenchi Company, Ltd.	3,000		10,906
Tokyo Tatemono Company, Ltd.	3,000		14,267
Tokyo Tomin Bank (The), Ltd.	200		3,291
Tokyu Land Corp.	2,000		7,434
Tomato Bank, Ltd.	5,000		9,264
Tompkins Trustco, Inc.	100		5,050
Tong Yang Investment Bank	370		2,710
Topdanmark AS *	50		7,165
Torchmark Corp.	300		17,940
Toronto Dominion Bank Ontario	1,500		90,317
Towa Bank, Ltd. *	12,000		10,436
Tower Group, Inc.	100		2,356
Transatlantic Holdings, Inc.	300		16,305

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
TrustCo Bank Corp., NY	300	$	3,513
Trustmark Corp.	400		8,296
TrygVesta AS	138		8,873
Tullett Prebon PLC	598		2,944
Turkiye Garanti Bankasi AS *	3,421		8,096
Turkiye Halk Bankasi AS	1,645		7,332
Turkiye Is Bankasi AS	4,665		19,347
Turkiye Sinai Kalkinma Bankasi AS *	10,040		8,039
Turkiye Vakiflar Bankasi Tao	6,700		10,963
U.S. Bancorp	2,300		82,846
UBS AG *	684		11,691
UMB Financial Corp.	200		10,504
Umpqua Holdings Corp. (a)	400		5,884
Unibanco - Uniao de Bancos Brasileiros SA *	7,700		78,704
UniCredito Italiano SpA	17,507		65,465
Union Bankshares Corp.	100		2,400
UnionBanCal Corp.	500		36,645
Unipol Gruppo Finanziario SpA, ADR	3,084		6,618
Uniqa Versicherungen AG	343		8,814
United Bankshares, Inc.	300		10,500
United Community Banks, Inc. (a)	302		4,009
United Financial Bancorp, Inc.	200		2,970
United Fire & Casualty Company	200		5,718
United Industrial Corp, Ltd.	5,000		7,208
United Mizrahi Bank, Ltd.	1,337		8,338
United Overseas Bank, Ltd.	2,000		23,910
United Overseas Land, Ltd.	5,000		8,843
Unitrin, Inc.	300		7,482
Universal American Financial Corp. *	500		6,095
Univest Corp. of Pennsylvania	100		3,700
Unum Group	1,500		37,650
Uranium Participation Corp. *	300		1,742
Valiant Holding AG	111		19,643
Valley National Bancorp	500		10,480
Van der Moolen Holding NV *	1,420		6,571
Verwaltungs & Privat Bank AG	45		7,260
Vivacon AG	346		3,328
Vontobel Holding AG	286		9,178
W.R. Berkley Corp.	500		11,775
Wachovia Corp.	400		1,400
Waddell & Reed Financial, Inc., Class A	300		7,425
Washington Federal, Inc.	500		9,225
Waterstone Financial, Inc. *	200		1,954
Webster Financial Corp.	300		7,575
Wells Fargo & Company	5,300		198,909
WesBanco, Inc.	200		5,324
West Bancorp.	800		10,424
West Coast Bancorp	700		10,262
WestAmerica Bancorp	100		5,753
Western Financial Group, Inc.	600		1,742
Westfield Financial, Inc.	200		2,060
Westpac Banking Corp	600		50,830
Wheelock and Company, Ltd.	4,000		7,255
Wheelock Properties, Ltd.	15,000		7,797
White Mountains Insurance Group, Ltd.	100		46,975
Whitney Holding Corp.	400		9,700

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

79

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
WHK Group, Ltd.	5,300	$	4,418
Wiener Staedtische Allgemeine
Versicherung AG	146		7,289
Wilmington Trust Corp.	400		11,532
Wilshire Bancorp, Inc.	200		2,434
Wing Hang Bank, Ltd.	500		3,842
Wing Tai Holdings, Ltd.	4,000		2,660
Wintrust Financial Corp.	200		5,870
Woori Investment & Securities Company, Ltd.	480		7,513
World Acceptance Corp. *	100		3,600
Yamagata Bank, Ltd.	1,000		5,624
Yamaguchi Financial Group, Inc.	1,000		12,204
Yamanashi Chuo Bank, Ltd.	1,000		4,955
Yapi ve Kredi Bankasi AS *	4,484		9,412
Zenith National Insurance Corp.	300		10,992
Zions Bancorp	300		11,610
Zurich Financial Services AG	540		149,537
			12,690,101
Industrial - 9.83%
3M Company	1,100		75,141
A P Moller Maersk AS	3		26,096
A. M. Castle & Company	200		3,456
A.O. Smith Corp.	200		7,838
A/s Dampskibsselskabet Torm	300		7,137
Aalberts Industries NV	526		6,733
ABB, Ltd. *	4,086		79,180
Abengoa SA	391		7,936
Acciona SA	95		14,479
ACS Actividades SA	391		15,830
Actuant Corp., Class A	300		7,572
Acuity Brands, Inc.	200		8,352
Adelaide Brighton, Ltd.	1,762		4,392
Advanced Energy Industries, Inc. *	200		2,736
Advantest Corp.	500		10,573
Aeci, Ltd.	824		6,153
Aecon Group, Inc.	200		2,176
Aeroports de Paris	102		8,422
Aerovironment, Inc. *	100		3,195
African Oxygen, Ltd.	1,477		4,973
AGCO Corp. *	300		12,783
Agfa Gevaert NV *	729		4,631
Aida Engineering, Ltd.	1,000		4,147
Airports of Thailand PLC	3,500		3,204
Aker Kvaerner ASA	400		6,477
Alamo Group, Inc.	100		1,705
Albany International Corp., Class A	200		5,466
Alexander & Baldwin, Inc.	300		13,209
Alfa Laval AB	700		7,244
All America Latina Logistica SA	2,300		15,713
Alliant Techsystems, Inc. *	100		9,394
Allied Waste Industries, Inc. *	1,900		21,109
Alps Electric Company, Ltd.	1,000		7,828
Alstom	395		29,984
Amada Company, Ltd.	2,000		10,984
Ambuja Cements, Ltd.	4,724		7,959
Amcor, Ltd.	4,001		17,594

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
AMEC PLC	1,279	$	14,671
AMERCO, Inc. *	100		4,193
American Commercial Lines, Inc. *	200		2,128
American Ecology Corp.	100		2,767
American Science & Engineering, Inc.	100		5,973
American Superconductor Corp. *	100		2,357
Ameron International Corp.	100		7,165
AMETEK, Inc.	200		8,154
Ampco-Pittsburgh Corp.	100		2,590
Amphenol Corp., Class A	300		12,042
Analogic Corp.	100		4,976
Andritz AG	156		6,734
Anhui Conch Cement Company, Ltd., Class H *	2,000		7,639
Ansaldo STS SpA	342		4,852
Ansell, Ltd.	733		7,527
Apogee Enterprises, Inc.	200		3,006
Applied Industrial Technologies, Inc.	200		5,386
AptarGroup, Inc.	300		11,733
Argon ST, Inc. *	100		2,349
Arkansas Best Corp.	200		6,738
Arriva PLC	1,142		14,180
Arrow Electronics, Inc. *	500		13,110
Asahi Glass Company, Ltd.	1,000		8,791
Asciano Group	2,599		6,795
Asia Cement Corp.	6,360		5,658
Assa Abloy AB, Series B	1,600		19,375
Astec Industries, Inc. *	100		3,083
Asustek Computer, Inc.	4,398		8,704
Atlas Air Worldwide Holdings, Inc. *	100		4,031
Atlas Copco AB, Series A, ADR	800		9,089
Atlas Copco AB, Series B, ADR	800		8,083
AU Optronics Corp. ADR (a)	2,684		30,490
Aveng, Ltd.	2,595		19,817
Avnet, Inc. *	700		17,241
AVX Corp.	800		8,152
Axsys Technologies, Inc. *	100		5,894
AZZ, Inc. *	100		4,137
Badger Meter, Inc.	100		4,695
BAE Systems PLC	6,038		44,512
Bakrie & Brothers Tbk PT *	182,500		4,684
Baldor Electric Company	200		5,762
Ball Corp.	200		7,898
Bando Chemical Industries, Ltd.	1,000		2,761
Barco NV	64		2,909
Barnes Group, Inc.	200		4,044
BBA Aviation PLC	3,935		8,096
BE Aerospace, Inc. *	300		4,749
Bekaert SA	58		7,744
Belden, Inc.	300		9,537
Bemis Company, Inc.	600		15,726
Benchmark Electronics, Inc. *	300		4,224
Bharat Heavy Electricals, Ltd.	297		10,314
BICC PLC	2,275		12,361
Bilfinger Berger AG	252		13,126
Black & Decker Corp.	200		12,150
Blount International, Inc. *	200		2,226

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

80

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Boart Longyear Group	4,547	$	4,101
Bobst Group AG	236		12,148
Boeing Company	1,200		68,820
Bombardier, Inc. *	1,900		10,319
Boral, Ltd.	3,892		19,325
Bouygues SA	414		18,754
Brickworks, Ltd.	976		9,187
Briggs & Stratton Corp.	600		9,708
Brinks Company	200		12,204
Bristow Group, Inc. *	100		3,384
Brother Industries, Ltd.	700		7,412
Bucher Industries AG	32		4,298
Bucyrus International, Inc., Class A	200		8,936
Builders FirstSource, Inc. * (a)	300		1,797
Burlington Northern Santa Fe Corp.	600		55,458
Buzzi Unicem SpA	369		5,670
C.H. Robinson Worldwide, Inc.	300		15,288
CAE, Inc.	1,102		8,804
Campbell Brothers, Ltd.	209		5,334
Canadian National Railway Company	700		33,400
Canadian Pacific Railway, Ltd.	600		32,175
Cargotec Corp. Oyj, B Shares	270		5,516
Carillion PLC	1,471		6,873
Carlisle Companies, Inc.	400		11,988
Cascade Corp.	100		4,381
Casella Waste Systems, Inc., Class A *	200		2,348
Casio Computer Company, Ltd.	800		7,511
Catcher Technology Company, Ltd. *	2,000		6,425
Caterpillar, Inc.	1,000		59,600
Celestica, Inc. *	1,300		8,135
Cementir SpA	447		2,133
Cementos Portland Valderrivas SA	66		3,179
Cemex SA de CV, SADR *	2,229		38,383
Central Glass Company, Ltd.	1,000		3,339
Central Japan Railway Company, Ltd.	2		18,859
Ceradyne, Inc. *	100		3,666
Chart Industries, Inc. *	100		2,856
Charter PLC	531		5,919
Checkpoint Systems, Inc. *	200		3,764
Cheil Industries, Inc.	200		8,786
Cheung Kong Infrastructure Holdings, Ltd.	1,000		4,654
Chi Mei Optoelectronics Corp.	17,850		11,753
China Grand Forestry Resources Group, Ltd. *	26,000		1,335
China High Speed Transmission Equipment
Group Company, Ltd.	5,000		9,151
China National Building Material Company,
Ltd. - Hong Kong Exchange	4,000		4,617
China Shipping Container Lines Company,
Ltd. - Hong Kong Exchange	26,000		4,474
China Shipping Development Company, Ltd.,
Class H - Hong Kong Exchange	4,000		5,251
Chloride Group PLC	857		2,967
Chunghwa Picture Tubes, Ltd.	31,000		4,931
Ciments Francais SA	106		11,060
Cimpor-Cimentos De Portugal SA	1,210		7,757
Circor International, Inc.	100		4,343
Clarcor, Inc.	100		3,795

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Clean Harbors, Inc. *	100	$	6,755
Cobham PLC	3,670		12,475
Cognex Corp.	200		4,032
Columbus McKinnon Corp. *	100		2,357
Comfort Systems USA, Inc.	200		2,672
ComfortDelGro Corp., Ltd.	8,000		8,422
Commercial Metals Company	300		5,067
Compagnie de Saint-Gobain SA	1,109		57,367
COMSYS Holdings Corp.	1,000		8,619
Con-way, Inc.	200		8,822
Conzzeta Holding AG	4		8,611
Cookson Group PLC	1,223		10,297
Cooper Industries, Ltd., Class A	400		15,980
Corp Moctezuma SAB de CV	4,100		9,294
Cosco Corp. Singapore, Ltd.	3,000		3,220
COSCO Holdings	10,000		9,116
Crane Company	300		8,913
Crane Group, Ltd.	428		3,807
CRH PLC	1,400		29,848
Crown Holdings, Inc. *	400		8,884
CSR, Ltd.	8,337		16,705
CSX Corp.	1,000		54,570
Cubic Corp.	200		4,918
Cummins, Inc.	300		13,116
Curtiss-Wright Corp.	200		9,090
Cymer, Inc. *	200		5,066
D.S. Norden A/S	50		2,408
Daelim Industrial Company	209		12,985
Daewoo Engineering & Construction
Company, Ltd.	540		6,242
Daewoo Shipbuilding & Marine Engineering
Company, Ltd.	250		6,311
Daikin Industries, Ltd.	200		6,746
Dainippon Screen Manufacturing
Company, Ltd.	2,000		6,476
Danaher Corp.	600		41,640
Darling International, Inc. *	300		3,333
Deere & Company	500		24,750
Delta Electronics, Inc.	4,080		10,687
Delta PLC	4,870		9,281
Deutsche Post AG	2,271		47,383
Deutz AG	380		2,138
Dionex Corp. *	100		6,355
Dolby Laboratories, Inc., Class A *	100		3,519
Donaldson Company, Inc.	300		12,573
Doosan Corp. *	64		6,440
Doosan Heavy Industries and Construction
Company, Ltd.	106		7,918
Doosan Infracore Company, Ltd.	380		6,242
Dover Corp.	800		32,440
Downer EDI, Ltd.	2,398		12,218
DRS Technologies, Inc.	200		15,350
DSV AS, ADR	386		6,145
Ducommun, Inc.	100		2,388
Duerr AG	342		9,415
Dycom Industries, Inc. *	200		2,604
Dynamex, Inc. *	100		2,846

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

81

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Dynamic Materials Corp.	100	$	2,321
Eagle Bulk Shipping, Inc.	200		2,788
Eagle Test Systems, Inc. *	200		3,062
East Japan Railway Company	5		37,288
Eastman Kodak Company	1,100		16,918
Eaton Corp.	400		22,472
Ebara Corp.	4,000		10,573
Electrocomponents PLC	2,084		6,167
EMCOR Group, Inc. *	400		10,528
Emerson Electric Company	1,000		40,790
Empresa Brasileira de Aeronautica SA, ADR	900		24,309
Empresas ICA Sociedad
Controladora SA de CV *	800		2,326
Encore Wire Corp.	200		3,622
Ener1, Inc. *	300		2,343
Energizer Holdings, Inc. *	100		8,055
Energy Conversion Devices, Inc. *	200		11,650
Energy Developments, Ltd.	3,967		7,916
Enersys *	300		5,913
Enka Insaat ve Sanayi AS	897		6,059
EnPro Industries, Inc. *	100		3,716
Epcos AG	533		13,474
ESCO Technologies, Inc. *	200		9,634
Esterline Technologies Corp. *	100		3,959
Euronav NV	213		5,889
European Aeronautic Defence &
Space Company	1,218		20,785
Evergreen International Storage & Transport
Corp.	6,000		2,929
Evergreen Marine Corp.	20,000		9,131
Evertz Technologies, Ltd.	100		1,421
Expeditors International of Washington, Inc.	300		10,452
Ezra Holdings, Ltd.	2,000		1,617
Fanuc, Ltd.	200		15,046
FARO Technologies, Inc. *	100		2,037
FedEx Corp.	600		47,424
FEI Company *	200		4,762
Finmeccanica SpA	727		15,760
Finning International, Inc.	500		9,810
FirstGroup PLC	983		9,384
Fletcher Building, Ltd.	2,167		9,790
FLIR Systems, Inc. *	200		7,684
Flowserve Corp.	100		8,877
FLS Industries AS, B Shares	100		5,078
Flughafen Zuerich AG	27		8,707
Fluor Corp.	200		11,140
FMC Technologies, Inc. *	200		9,310
Fomento de Construcciones SA	139		6,279
Forbo Holding AG *	23		9,178
Forward Air Corp.	100		2,723
Foster Wheeler, Ltd. *	200		7,222
Franklin Electric, Inc.	100		4,455
Fraport AG, ADR	131		7,785
Freightcar America, Inc.	100		2,927
Frontline, Ltd.	100		4,723
Fuji Electric Holdings Company, Ltd.	3,000		7,247
Fuji Photo Film Company, Ltd.	900		23,203

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Fujikura, Ltd.	2,000	$	7,769
Fujitec Company, Ltd.	1,000		4,881
Funai Electric Company, Ltd.	100		1,844
Furukawa Electric Company, Ltd.	3,000		13,248
Futuris Corp., Ltd.	3,890		4,392
Gamesa Corporacion Tecnologica SA	423		14,493
Gamuda BHD	7,700		4,809
Gardner Denver, Inc. *	300		10,416
GATX Corp.	300		11,871
Geberit AG, ADR	157		19,254
Genco Shipping & Trading, Ltd.	200		6,648
General Cable Corp. *	200		7,126
General Dynamics Corp.	600		44,172
General Electric Company	14,600		372,300
Genesee & Wyoming, Inc., Class A *	200		7,504
GenTek, Inc. *	100		2,571
Gentex Corp.	600		8,580
Gerber Scientific, Inc. *	200		1,828
Gerresheimer AG	197		8,956
Gildemeister AG	331		5,590
Glory, Ltd.	400		9,221
Go-Ahead Group PLC	135		4,012
Goodrich Corp.	400		16,640
GP Strategies Corp. *	1,200		9,120
Graco, Inc.	100		3,561
GrafTech International, Ltd. *	400		6,044
Granite Construction, Inc.	200		7,164
Greatbatch, Inc. *	100		2,454
Greif, Inc., Class A	200		13,124
Griffon Corp. *	654		5,897
Grindrod, Ltd.	1,583		3,457
Groupe Eurotunnel SA *	702		8,389
Grupo Aeroportuario del Pacifico SA de CV,
B Shares	900		2,284
Grupo Ferrovial SA	296		13,607
GS Engineering & Construction Corp.	163		13,163
GulfMark Offshore, Inc. *	200		8,976
GWA International, Ltd.	1,261		2,865
Halma PLC	2,484		8,771
Hamamatsu Photonics KK	400		9,763
Hanil Cement Manufacturing Company, Ltd.	146		9,193
Hanjin Heavy Industries & Construction
Holdings Company, Ltd. *	120		1,886
Hanjin Shipping Company, Ltd.	270		6,286
Hankyu Hanshin Holdings, Inc.	3,000		13,780
Harbin Power Equipment Company, Ltd.	6,000		4,298
Harsco Corp.	300		11,157
Haynes International, Inc. *	100		4,683
Heartland Express, Inc.	300		4,656
HEICO Corp., Class A	100		2,806
HEICO Corp.	100		3,282
Heidelbergcement AG	144		15,217
Heidelberger Druckmaschinen AG	300		4,726
Hexagon AB	600		6,869
Hexcel Corp. *	200		2,738
Hexpol AB *	60		416
Hills Industries, Ltd.	937		3,264

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

82

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Hi-P International, Ltd.	25,000	$	6,698
Hirose Electric Company, Ltd.	100		9,531
Hitachi, Ltd.	600		41,634
HKC Holdings, Ltd.	22,000		1,840
Hochtief AG	229		10,929
Hoganas AB, Series B	200		3,054
Holcim, Ltd.	658		48,226
Hon Hai Precision Industry Company, Ltd.	4,600		16,476
Honeywell International, Inc.	1,000		41,550
Hosiden Corp.	600		8,642
Hoya Corp.	400		7,935
Hub Group, Inc., Class A *	100		3,765
Hubbell, Inc., Class B	300		10,515
Hyundai Elevator Company, Ltd.	131		8,732
Hyundai Engineering & Construction
Company, Ltd.	133		7,978
Hyundai Heavy Industries	74		17,131
Hyundai Hysco Company, Ltd.	990		9,145
Hyundai Merchant Marine Company, Ltd.	270		8,702
Hyundai Mipo Dockyard	44		6,444
Ibiden Company, Ltd.	300		7,303
IDEX Corp.	400		12,408
II-VI, Inc. *	100		3,866
IJM Corp. Berhad *	3,100		4,272
Illinois Tool Works, Inc.	700		31,115
Imax Corp. *	300		1,776
Imerys SA	110		6,320
IMI PLC	1,026		6,923
Impregilo SpA *	969		3,741
Indocement Tunggal Prakarsa Tbk PT	7,000		4,378
Insituform Technologies, Inc., Class A *	200		2,992
Interline Brands, Inc. *	200		3,242
Intermec, Inc. *	300		5,892
Intevac, Inc. *	200		2,128
Invensys PLC *	1,822		6,770
Ishikawajima-Harima Heavy Industries
Company, Ltd.	5,000		7,857
Italcementi SpA	424		5,252
Italmobiliare SpA	55		2,934
Itron, Inc. *	200		17,706
ITT Corp.	300		16,683
J.B. Hunt Transport Services, Inc.	200		6,674
Jabil Circuit, Inc.	2,200		20,988
Jacobs Engineering Group, Inc. *	300		16,293
Jaiprakash Associates, Ltd.	2,582		6,248
James Hardie Industries NV	700		14,609
Jenoptik AG *	706		4,293
Jeol, Ltd.	1,000		3,047
JGC Corp.	1,000		16,043
Jiangxi Copper Company, Ltd., Class H	6,000		6,009
JM AB	800		6,539
John Bean Technologies Corp. *	43		547
Johnson Electronic Holdings, Ltd.	11,000		4,133
Joy Global, Inc.	200		9,028
JS Group Corp.	700		8,812
Kadant, Inc. *	100		2,277
Kajima Corp.	3,000		9,063

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Kaman Corp., Class A	100	$	2,848
Kanaden Corp.	2,000		9,432
Kansas City Southern *	300		13,308
Kawasaki Heavy Industries, Ltd.	5,000		10,668
Kawasaki Kisen Kaisha, Ltd.	3,000		18,560
Kaydon Corp.	200		9,012
KBR, Inc.	1,100		16,797
KCI Konecranes Oyj	207		4,950
Keihin Electric Express Railway Company, Ltd.	2,000		13,109
Keio Corp.	2,000		10,771
Keisei Electric Railway Company, Ltd.	2,000		11,011
Keller Group PLC	325		3,886
Kennametal, Inc.	300		8,136
Keyence Corp.	100		19,948
Kinden Corp.	2,000		19,053
Kingspan Group PLC - London Exchange	428		3,867
Kintetsu Corp.	3,000		10,455
Kirby Corp. *	300		11,382
Kitano Construction Corp.	5,000		10,192
Kitz Corp.	1,000		4,696
KLA-Tencor Corp.	600		18,990
Knight Transportation, Inc.	500		8,485
KNM Group BHD	8,400		3,112
Komatsu, Ltd.	1,200		19,646
Komori Corp.	700		9,405
Kone Corp. Oyj	534		14,533
Konica Minolta Holdings, Inc.	1,000		11,429
Koninklijke BAM Groep NV	521		6,753
Koninklijke Boskalis Westinster NV	162		7,679
Koninklijke Philips Electronics NV	2,300		62,675
Koninklijke Ten Cate NV	143		4,731
Koninklijke Vopak NV	140		6,586
Koppers Holdings, Inc.	100		3,741
Korea Kumho Petrochemical Company, Ltd.	90		2,981
Korea Line Corp.	31		4,047
Krones AG	110		5,470
Kubota Corp.	4,000		25,230
Kuehne & Nagel International AG	181		12,077
Kumho Industrial Company, Ltd.	150		2,927
Kureha Corp.	1,000		5,481
Kurita Water Industries, Ltd.	300		7,027
Kyocera Corp.	400		30,464
Kyowa Exeo Corp.	1,000		9,091
L-1 Identity Solutions, Inc. *	400		6,112
Ladish Company, Inc. *	100		2,025
Lafarge SA	502		52,855
Laird Group PLC	1,023		4,537
Lancaster Colony Corp.	100		3,766
Landstar Systems, Inc.	200		8,812
Largan Precision Company, Ltd.	1,000		10,489
Larsen & Toubro, Ltd.	275		14,465
Lassila & Tikanoja Oyj	105		2,076
Layne Christensen Company *	100		3,543
Leggett & Platt, Inc.	600		13,074
Legrand SA, ADR	330		7,443
Leighton Holdings, Ltd.	269		8,280

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

83

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Lennox International, Inc.	100	$	3,327
Leoni AG	215		6,501
LG Electronics, Inc.	169		15,637
LG Philips LCD Company, Ltd., ADR	1,800		22,860
Lincoln Electric Holdings, Inc.	200		12,862
Lindab International AB	600		7,318
Linde AG	301		32,143
Lindsay Corp.	100		7,275
Littelfuse, Inc. *	100		2,973
LLX Logistica SA *	300		284
Lockheed Martin Corp.	600		65,802
LS Cable, Ltd.	105		7,116
Mabuchi Motor Company, Ltd.	100		4,547
Maeda Road Construction Company, Ltd.	1,000		6,469
Maezawa Kasei Industries Company, Ltd.	1,000		9,218
Makino Milling Machine Company, Ltd.	1,000		3,988
Makita Corp.	300		6,146
MAN AG	211		14,206
Manitowoc Company, Inc.	900		13,995
Marten Transport, Ltd. *	700		13,657
Martin Marietta Materials, Inc.	100		11,198
Masco Corp.	1,100		19,734
Matsushita Electric Works, Ltd.	1,000		8,881
Matthews International Corp., Class A	200		10,148
Meggitt PLC	4,232		14,240
Melrose PLC *	3,200		8,273
Metalico, Inc. *	200		1,180
Methode Electronics, Inc.	400		3,576
Metra Oyj, B Shares	478		20,137
Metso Oyj	860		21,093
Mettler-Toledo International, Inc. *	100		9,800
Michael Baker Corp. *	100		3,480
Michaniki SA	2,623		8,604
Micro-Star International Company, Ltd.	7,279		3,323
Middleby Corp. *	100		5,431
Mine Safety Appliances Company	100		3,812
Minebea Company, Ltd.	2,000		7,501
Minoan Lines Shipping SA	1,474		9,352
Miranda Technologies, Inc. *	300		1,762
MISC BHD	5,200		12,365
Mitsubishi Electric Corp.	3,000		20,241
Mitsubishi Heavy Industries, Ltd.	6,000		26,061
Mitsuboshi Belting Company, Ltd.	1,000		4,753
Mitsui Engineering & Shipbuilding
Company, Ltd.	5,000		9,528
Mitsui O.S.K. Lines, Ltd.	1,000		8,688
Mitsumi Electric Company, Ltd.	400		10,157
Modec, Inc.	100		2,357
Molex, Inc.	400		8,324
Moog, Inc., Class A *	300		12,864
Morgan Crucible Company PLC	2,337		6,606
Morgan Sindall PLC	210		1,675
Morita Corp.	3,000		11,664
Mota Engil, SGPS SA	444		1,941
MTR Corp., Ltd.	3,500		10,335
MTU Aero Engines Holding AG	247		6,807

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Mueller Industries, Inc.	200	$	4,602
Mueller Water Products, Inc., Class B	600		3,900
Mueller Water Products, Inc.	200		1,796
Murata Manufacturing Company, Ltd.	500		20,185
Murray & Roberts Holdings, Ltd.	837		9,831
Nabtesco Corp.	1,000		8,052
NACCO Industries, Inc., Class A	100		9,452
Nachi-Fujikoshi Corp. *	1,000		2,670
Nagoya Railroad Comapny, Ltd.	4,000		11,387
Nalco Holding Company	500		9,270
Nampak, Ltd. *	1,793		3,061
Napco Security Systems, Inc. *	500		1,465
National Express Group PLC	489		7,071
National Instruments Corp.	300		9,015
NCC AB	400		3,963
NCI Building Systems, Inc. *	200		6,350
NEC Corp.	8,000		34,193
Neo Material Technologies, Inc. *	700		1,217
Neptune Orient Lines, Ltd.	4,000		5,101
Nexans SA	179		15,924
NGK INSULATORS, Ltd.	1,000		12,242
Nichia Steel Works, Ltd.	3,000		10,049
Nidec Corp.	200		12,304
Nikon Corp.	1,000		23,989
Nippon Carbon Company, Ltd.	1,000		3,200
Nippon Chemi-Con Corp.	1,000		3,220
Nippon Electric Glass Company, Ltd.	1,000		9,058
Nippon Express Company, Ltd.	5,000		22,321
Nippon Konpo Unyu Soko Company, Ltd.	1,000		9,350
Nippon Sheet Glass Company, Ltd.	3,000		15,536
Nippon Thompson Company, Ltd.	1,000		4,236
Nippon Yusen Kabushiki Kaisha	1,000		6,519
Nishimatsu Construction Company, Ltd.	2,000		4,604
Nishi-Nippon Railroad Company, Ltd.	3,000		10,056
NKT Holding A/S	119		5,604
Norbord, Inc.	600		2,363
Norddeutsche Affinerie AG	210		8,876
Nordex AG *	111		3,040
Nordson Corp.	100		4,911
Norfolk Southern Corp.	800		52,968
Northrop Grumman Corp.	700		42,378
Northwest Pipe Company *	100		4,362
NSK, Ltd.	2,000		11,554
NTN Corp.	2,000		10,394
Obayashi Corp.	2,000		10,114
Obrascon Huarte Lain SA	201		3,593
Odakyu Electric Railway Company, Ltd.	2,000		14,804
Oesterreichische Post AG *	181		6,115
Okumura Corp.	1,000		3,822
Old Dominion Freight Lines, Inc. *	200		5,668
Olympus Optical Company, Ltd.	1,000		29,228
Omron Corp.	500		7,761
Orbital Sciences Corp., Class A *	200		4,794
Orica, Ltd.	849		14,338
Ormat Industries	811		8,710
OSI Systems, Inc. *	100		2,351

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

84

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Outotec Oyj	128	$	3,446
Overseas Shipholding Group, Inc.	200		11,662
Owens Corning, Inc. *	500		11,955
Owens-Illinois, Inc. *	800		23,520
Pacer International, Inc.	200		3,294
Pacific Basin Shipping, Ltd.	8,000		6,651
Packaging Corp. of America	500		11,590
Pall Corp.	200		6,878
PanaHome Corp.	1,000		5,594
Park Electrochemical Corp.	100		2,424
Parker-Hannifin Corp.	600		31,800
PBG SA *	86		8,335
Peab AB, Series B	400		2,128
Pentair, Inc.	500		17,285
PerkinElmer, Inc.	600		14,982
Pfleiderer AG	325		3,936
PGT, Inc. *	400		1,212
PHI, Inc. *	100		3,693
Plexus Corp. *	300		6,210
Polnord SA *	395		8,502
POS Malaysia & Services Holdings BHD	19,100		10,022
Powell Industries, Inc. *	100		4,081
Power-One, Inc. *	900		1,305
Precision Castparts Corp.	200		15,756
Presstek, Inc. *	1,800		10,152
Pretoria Portland Cement Company, Ltd.	1,177		4,488
Promotora y Operadora de Infraestructura
SAB de CV *	700		1,344
Prysmian SpA	430		8,458
Punj Lloyd, Ltd.	1,401		8,750
Raven Industries, Inc.	100		3,935
RBC Bearings, Inc. *	100		3,369
Regal-Beloit Corp.	200		8,504
Reunert, Ltd.	848		5,973
Rexam PLC	2,690		19,112
Rheinmetall AG	206		11,087
RHI AG *	89		3,236
Rieter Holding AG	46		13,998
Rinnai Corp.	300		12,244
Robbins & Myers, Inc.	200		6,186
Rockwell Automation, Inc.	300		11,202
Rockwell Collins, Inc.	200		9,618
Rockwool International AS, B Shares	100		8,553
Rofin-Sinar Technologies, Inc. *	100		3,061
Rogers Corp. *	100		3,698
Rolls-Royce Group PLC *	5,408		32,745
Roper Industries, Inc.	300		17,088
Rotork PLC	289		4,828
Ryder Systems, Inc.	300		18,600
Ryobi, Ltd.	1,000		2,706
Ryosan Company, Ltd.	200		4,141
Sacyr Vallehermoso SA	563		9,344
Safran SA	1,001		17,518
Samsung Electro-Mechanics Company, Ltd.	490		15,630
Samsung Engineering Company, Ltd.	111		6,914
Samsung Heavy Industries Company, Ltd.	300		7,988

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Samsung SDI Company, Ltd. *	245	$	17,898
Sandvik AB	1,465		15,520
Sankyu, Inc. *	3,000		10,747
Sanwa Shutter Corp.	2,000		7,554
Sanyo Electric Company, Ltd. *	5,000		8,681
Sauer-Danfoss, Inc.	300		7,407
Schindler Holding AG	129		7,893
Schneider Electric SA	674		57,879
Sealed Air Corp.	500		10,995
Secom Company, Ltd.	300		12,497
Seino Transportation Company, Ltd.	2,000		9,433
SembCorp Industries, Ltd.	7,000		16,036
SembCorp Marine, Ltd.	4,000		8,504
Semen Gresik Persero Tbk PT	11,500		4,107
Senior PLC	2,247		3,424
Senko Company, Ltd.	1,000		3,540
Severfield Rowen PLC	2,280		9,064
Shanghai Electric Group Company, Ltd. *	26,000		7,926
Shanks Group PLC	1,362		4,662
Sharp Corp.	2,000		21,854
Shaw Group, Inc. *	500		15,365
Shimizu Corp.	3,000		14,291
Siemens AG, SADR	1,400		131,446
SIG PLC	777		5,400
Sika AG	15		16,971
Silgan Holdings, Inc.	200		10,218
Simpson Manufacturing Company, Inc. (a)	300		8,127
Sims Group, Ltd.	684		16,572
Singapore Post, Ltd.	5,000		3,342
Singapore Technologies Engineering, Ltd.	5,000		9,495
Sinotrans, Ltd., Class H	11,000		2,149
Sjaelso Gruppen A/S	150		1,412
Skanska AB, Series B	1,000		11,382
SKC Company, Ltd.	610		10,661
SKF AB, B Shares	1,200		15,330
SMC Corp.	300		31,256
Smit Internationale NV	49		4,249
Smith & Wesson Holding Corp. *	2,400		8,976
Smiths Group PLC	528		9,574
SMK Corp.	1,000		3,272
SMRT Corp., Ltd.	8,000		11,123
Snap-on, Inc.	300		15,798
SNC-Lavalin Group, Inc.	200		7,231
Solon AG Fuer Solartechnik *	197		8,430
Sonae Industria, SGPS SA	2,576		7,960
Songa Offshore ASA *	400		3,809
Sonoco Products Company	500		14,840
Southern Steel BHD	16,800		9,467
Spectris PLC	355		4,245
Spirax-Sarco Engineering PLC	456		7,420
SPX Corp.	200		15,400
Ssangyong Cement Industrial Company, Ltd. *	1,260		9,126
Stagecoach Group PLC	2,732		12,416
Standex International Corp.	500		13,875
Stanley Electric Corp.	600		8,802
Stanley Works	300		12,522

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

85

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Stanley, Inc. *	100	$	3,691
Stericycle, Inc. *	100		5,891
Sterling Construction Company, Inc. *	600		9,720
Sterlite Industries India Ltd	803		7,435
Stoneridge, Inc. *	200		2,250
STX Shipbuilding Company, Ltd.	430		8,378
Sulzer AG	175		18,620
Sumitomo Electric Industries, Ltd.	2,700		29,387
Sumitomo Heavy Industries, Ltd.	2,000		9,536
Sumitomo Osaka Cement Company, Ltd.	3,000		4,890
Sun Hydraulics, Inc.	100		2,604
Sunpower Corp., Class B *	110		7,573
Suzlon Energy, Ltd.	941		3,134
Swisslog Holding AG *	10,748		7,898
Synnex Technology International Corp.	5,000		7,838
Tadano, Ltd.	1,000		6,262
Taihan Electric Wire Company, Ltd.	260		6,508
TAIHEIYO CEMENT CORP.	5,000		7,290
Taisei Corp.	4,000		10,439
Taiwan Cement Corp.	17,080		10,208
Taiwan Glass Industrial Corp.	5,400		3,097
Taiyo Yuden Company, Ltd.	1,000		9,878
Takara Standard Company, Ltd.	1,000		4,793
Takasago Thermal Engineering Company, Ltd.	1,000		9,068
TAL International Group, Inc.	200		4,164
Tatung Company, Ltd. *	22,000		4,802
Techtronic Industries Company, Ltd.	11,000		10,106
Tecnicas Reunidas SA	148		6,319
Tecumseh Products Company, Class A *	100		2,504
Teledyne Technologies, Inc. *	200		11,432
Teleflex, Inc.	300		19,047
Tennant Company	100		3,426
Terex Corp. *	600		18,312
Texas Industries, Inc.	200		8,172
Textron, Inc.	600		17,568
Thales SA	150		7,570
The Japan Steel Works, Ltd.	1,000		12,433
Thermo Fisher Scientific, Inc. *	600		33,000
THK Company, Ltd.	700		10,892
Timken Company	600		17,010
Titan Cement Company SA	247		8,157
TKH Group NV	165		3,060
TNT Post Group NV	655		18,148
Tobu Railway Company, Ltd.	2,000		9,698
Toda Corp.	3,000		11,940
Toho Zinc Company, Ltd.	1,000		2,730
Tokyo Seimitsu Company, Ltd.	200		2,435
Tokyu Corp.	2,000		9,555
Toll Holdings, Ltd.	3,371		19,095
Tomkins PLC, SADR	700		7,749
Tomra Systems ASA	800		4,176
Tonami Transportation Company, Ltd.	5,000		10,155
Toromont Industries, Ltd.	300		7,431
Toshiba Corp.	3,000		13,084
Toyo Engineering Corp.	1,000		4,253
Toyo Seikan Kaisha, Ltd.	600		9,210

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
TransDigm Group, Inc. *	300	$	10,269
Transfield Services, Ltd.	1,444		8,913
Transpacific Industries Group, Ltd.	1,519		8,659
Travis Perkins PLC	851		8,154
Trelleborg AB, Series B	575		8,016
Trencor, Ltd.	1,135		2,900
Trinity Industries, Inc.	500		12,865
Triumph Group, Inc.	100		4,571
Tsubakimoto Chain Company, Ltd.	1,000		3,995
TTM Technologies, Inc. *	400		3,968
Tyco Electronics, Ltd.	1,000		27,660
U.S. Concrete, Inc. *	500		2,235
Ultra Electronics Holdings PLC	226		5,123
Ultralife Batteries, Inc. *	1,000		7,750
ULVAC, Inc. *	300		8,497
U-Ming Marine Transport Corp.	4,000		5,765
Union Pacific Corp.	1,200		85,392
United Group, Ltd.	773		7,981
United Parcel Service, Inc., Class B	1,100		69,179
United Technologies Corp.	1,500		90,090
United Tractors Tbk PT	8,750		8,628
Universal Cement Corp. *	17,000		8,439
Universal Display Corp. *	200		2,192
Universal Truckload Services, Inc. *	100		2,436
Uponor Oyj	186		2,354
URS Corp. *	300		11,001
USG Corp. *	600		15,360
Ushio, Inc.	500		8,238
Vallourec SA	84		18,125
Valmont Industries, Inc.	100		8,269
Varian, Inc. *	100		4,290
Veidekke ASA	501		2,687
Venture Corp., Ltd.	3,000		16,321
Vestas Wind Systems AS *	317		27,669
Vicor Corp.	200		1,776
Vinci SA	634		29,872
Vishay Intertechnology, Inc. *	900		5,958
Viterra, Inc. *	1,300		12,423
Volvo AB, Series A	800		6,790
Volvo AB, Series B	1,800		16,262
Vossloh AG	37		3,835
VT Group PLC	583		5,464
Vulcan Materials Company	400		29,800
W.H. Brady Company, Class A	200		7,056
Wabtec Corp.	200		10,246
Walsin Lihwa Corp.	39,000		10,602
Wan Hai Lines, Ltd.	8,400		3,771
Waste Connections, Inc. *	300		10,290
Waste Management, Inc.	800		25,192
Waters Corp. *	200		11,636
Watts Water Technologies, Inc., Class A	200		5,470
Wavin NV	1,265		7,287
Weg SA	1,400		10,440
Weir Group PLC	1,197		13,143
Werner Enterprises, Inc.	300		6,513
Wesfarmers, Ltd.	868		20,186

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

86

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
West Japan Railway Company, Ltd.	3	$	12,847
Wienerberger Baustoffindustrie AG	249		6,760
Wolseley PLC	2,343		17,710
Woodward Governor Company	200		7,054
Woongjin Coway Company, Ltd.	170		4,291
WorleyParsons, Ltd.	350		8,657
Worthington Industries, Inc.	300		4,482
Yageo Corp.	17,000		3,440
Yamatake Corp. *	500		8,053
Yamato Transport Company, Ltd.	1,000		11,200
Yang Ming Marine Transport Corp.	16,499		5,760
YASKAWA Electric Corp.	1,000		5,694
YIT Oyj	616		6,432
Yokogawa Electric Corp.	1,000		6,349
YRC Worldwide, Inc. *	500		5,980
YTL Corp. BHD	2,400		4,394
Zardoya Otis SA	460		10,042
Zebra Technologies Corp., Class A *	300		8,355
Zehnder Group AG	10		9,610
Zodiac SA	229		10,921
Zumtobel AG *	627		8,889
			8,636,341
Technology - 4.20%
3D Systems Corp. *	200		2,850
Absolute Software Corp. *	200		1,547
Acer Sertek, Inc.	5,075		8,641
ACI Worldwide, Inc. *	100		1,752
Actel Corp. *	200		2,496
Activision Blizzard, Inc. *	1,700		26,231
Acxiom Corp.	300		3,762
Adobe Systems, Inc. *	600		23,682
Advanced Micro Devices, Inc. *	1,400		7,350
Advanced Semiconductor Engineering, Inc.	12,289		6,263
Advent Software, Inc. *	100		3,523
Affiliated Computer Services, Inc., Class A *	200		10,126
Agilent Technologies, Inc. *	500		14,830
Allscripts Healthcare Solution, Inc. *	300		3,732
Altera Corp.	500		10,340
American Reprographics Company *	200		3,450
Amkor Technology, Inc. *	900		5,733
AmTRAN Technology Company, Ltd.	17,000		6,755
Analog Devices, Inc.	500		13,175
ANSYS, Inc. *	200		7,574
Apple, Inc. *	1,300		147,758
Applied Materials, Inc.	1,800		27,234
Arm Holdings PLC, ADR	1,800		9,360
ASM International NV *	309		5,622
ASML Holding NV	1,094		19,119
Atmel Corp. *	2,400		8,136
ATMI, Inc. *	200		3,596
Atos Origin SA	345		15,183
Autodesk, Inc. *	400		13,420
Automatic Data Processing, Inc.	600		25,650
Autonomy Corp. PLC *	1,088		20,201
Aveva Group PLC	375		7,732
Avid Technology, Inc. *	200		4,812

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Blackbaud, Inc.	200	$	3,690
Blackboard, Inc. *	100		4,029
BMC Software, Inc. *	300		8,589
Broadcom Corp., Class A *	800		14,904
Broadridge Financial Solutions, Inc.	900		13,851
Brocade Communications Systems, Inc. *	1,800		10,476
CA, Inc.	700		13,972
Cabot Microelectronics Corp. *	100		3,208
CACI International, Inc., Class A *	200		10,020
CANON, Inc., ADR	1,800		67,950
Cap Gemini SA	712		33,635
Capcom Company, Ltd.	300		8,594
Catapult Communications Corp. *	300		1,443
Cerner Corp. *	200		8,928
CGI Group, Inc. *	1,600		13,997
Chartered Semiconductor Manufacturing, Ltd. *	7,000		1,875
Cirrus Logic, Inc. *	500		2,725
Citrix Systems, Inc. *	300		7,578
CMC Magnetics Corp. *	50,000		10,019
Cogent, Inc. *	500		5,110
Cognizant Technology Solutions Corp.,
Class A *	500		11,415
Compal Electronics, Inc.	19,095		13,987
Compeq Manufactuing Company, Ltd.	33,000		7,227
Computer Sciences Corp. *	700		28,133
Computershare, Ltd.	1,115		8,429
Compuware Corp. *	1,400		13,566
COMSYS IT Partners, Inc. *	200		1,944
Concur Technologies, Inc. *	200		7,652
Cray, Inc. *	400		2,072
Creative Technology, Ltd.	2,350		8,337
CSK Corp.	500		7,307
CSR PLC *	763		3,590
Cypress Semiconductor Corp. *	400		2,088
Dassault Systemes SA	100		5,392
DataTec, Ltd. *	754		2,340
Dell, Inc. *	2,000		32,960
Descartes Systems Group, Inc. *	600		2,210
Dimension Data Holdings PLC	11,177		8,325
Diodes, Inc. *	200		3,690
Domino Printing Sciences PLC	631		2,333
DST Systems, Inc. *	200		11,198
Echelon Corp. *	200		1,976
Eclipsys Corp. *	200		4,190
Electronic Arts, Inc. *	700		25,893
Electronics for Imaging, Inc. *	200		2,786
Elpida Memory, Inc. *	800		15,036
EMC Corp. *	3,500		41,860
Emulex Corp. *	500		5,335
Entegris, Inc. *	500		2,420
EPIQ Systems, Inc. *	400		5,440
FactSet Research Systems, Inc.	200		10,450
Fair Isaac Corp.	300		6,915
Fairchild Semiconductor International, Inc. *	800		7,112
First Solar, Inc. *	200		37,782
Fiserv, Inc. *	600		28,392

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

87

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
FormFactor, Inc. *	200	$	3,484
Foxconn Technology Company, Ltd.	2,200		7,198
Fuji Software ABC, Inc.	200		3,539
Fujitsu Frontech, Ltd.	1,000		9,146
Fujitsu, Ltd.	2,000		11,244
Gemalto NV *	267		9,632
GFI Informatique SA	1,624		8,663
Hewlett-Packard Company	3,700		171,088
High Tech Computer Corp.	1,300		20,178
Hittite Microwave Corp. *	100		3,360
Hutchinson Technology, Inc. *	200		2,316
Hynix Semiconductor, Inc. *	1,390		23,033
I-Flex Solutions, Ltd. *	314		5,276
Igate Corp. *	200		1,734
IHS, Inc., Class A *	100		4,764
Imation Corp.	200		4,518
Immersion Corp. *	300		1,746
IMS Health, Inc.	200		3,782
Indra Sistemas SA	356		8,483
Industrial & Financial Systems AB	1,400		9,723
Infineon Technologies AG, ADR *	1,000		5,590
Infineon Technologies AG *	2,468		13,702
Infosys Technologies, Ltd., ADR	500		16,655
Infosys Technologies, Ltd.	338		10,323
InnoLux Display Corp.	5,500		7,374
Integrated Device Technology, Inc. *	1,000		7,780
Intel Corp.	7,400		138,602
International Business Machines Corp.	2,000		233,920
Intersil Corp., Class A	800		13,264
Intuit, Inc. *	500		15,805
Inventec Company, Ltd.	17,850		8,768
IPG Photonics Corp. *	100		1,951
Jack Henry & Associates, Inc.	400		8,132
JDA Software Group, Inc. *	200		3,042
Kinpo Electronics, Inc.	40,000		9,298
Kulicke & Soffa Industries, Inc. *	2,200		9,922
L-3 Communications Holdings, Inc.	200		19,664
Lam Research Corp. *	400		12,596
Lattice Semiconductor Corp. *	900		1,854
Lawson Software, Inc. *	1,000		7,000
Lenovo Group, Ltd.	14,000		6,179
Lexmark International, Inc. *	400		13,028
Linear Technology Corp.	400		12,264
Lite-On Technology Corp.	9,045		7,902
Logica PLC	8,915		17,442
Logitech International SA *	677		15,454
LSI Logic Corp. *	1,200		6,432
Macronix International Company, Ltd.	23,229		6,813
Manhattan Associates, Inc. *	100		2,234
ManTech International Corp. *	100		5,929
MasterCard, Inc., Class A	200		35,466
Mattson Technology, Inc. *	400		1,892
MediaTek, Inc.	1,010		10,473
MEMC Electronic Materials, Inc. *	200		5,652
Mentor Graphics Corp. *	400		4,540
Micrel, Inc.	300		2,721

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Microchip Technology, Inc.	300	$	8,829
Micron Technology, Inc. *	1,400		5,670
Micronas Semiconductor Holding AG *	1,672		9,995
MICROS Systems, Inc. *	300		7,998
Microsemi Corp. *	300		7,644
Microsoft Corp.	10,800		288,252
MIPS Technologies, Inc., Class A *	500		1,755
Misys PLC	1,680		3,704
Mitac International	14,559		7,064
Monolithic Power Systems, Inc. *	100		1,737
MSC Software Corp. *	300		3,210
MTS Systems Corp.	100		4,210
Nanya Technology Corp. *	22,000		5,133
National Semiconductor Corp.	300		5,163
NCR Corp. *	400		8,820
NEC Electronics Corp. *	200		4,179
Neopost SA	90		8,487
Net One Systems Company, Ltd.	3		4,304
NetApp, Inc. *	500		9,115
NETGEAR, Inc. *	200		3,000
Netlogic Microsystems, Inc. *	100		3,024
Netscout Systems, Inc. *	1,100		11,704
Novell, Inc. *	1,600		8,224
Novellus Systems, Inc. *	600		11,784
Nuance Communications, Inc. *	900		10,971
NVIDIA Corp. *	600		6,426
OBIC Company, Ltd.	60		9,792
Omniture, Inc. *	300		5,508
OmniVision Technologies, Inc. *	200		2,282
ON Semiconductor Corp. *	1,500		10,140
Open Text Corp. *	300		9,953
Oracle Corp. *	6,200		125,922
Palm, Inc. *	300		1,791
PAR Technology Corp. *	300		2,148
Parametric Technology Corp. *	300		5,520
Pegasystems, Inc.	200		2,582
Pericom Semiconductor Corp. *	200		2,100
Perot Systems Corp., Class A *	700		12,145
Phase Forward, Inc. *	100		2,091
Pitney Bowes, Inc.	300		9,978
PMC-Sierra, Inc. *	600		4,452
Power Integrations, Inc. *	100		2,410
Progress Software Corp. *	200		5,198
Psion PLC	5,211		6,292
QLogic Corp. *	400		6,144
Quality Systems, Inc.	100		4,226
Quanta Computer, Inc.	8,000		10,020
Quest Software, Inc. *	600		7,614
Rackable Systems, Inc. *	1,000		9,810
RadiSys Corp. *	200		1,720
Rambus, Inc. *	200		2,570
Raytheon Company	700		37,457
Red Hat, Inc. *	500		7,535
Research In Motion, Ltd. *	600		40,428
Richardson Electronics, Ltd.	300		1,860
Ricoh Company, Ltd.	1,000		14,061

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

88

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Rohm Company, Ltd.	300	$	16,501
Salesforce.com, Inc. *	200		9,680
Samsung Electronics Company, Ltd.	172		78,820
Samsung Techwin Company, Ltd.	180		3,993
Sanken Electric Company, Ltd.	1,000		4,221
SAP AG, SADR	1,400		74,802
Satyam Computer Services, Ltd.	906		5,744
Schawk, Inc., Class A	200		3,024
Seachange International, Inc. *	300		2,898
SEI Investments Company	200		4,440
Seiko Epson Corp.	400		9,302
Semiconductor Manufacturing
International Corp. *	6,000		182
Semtech Corp. *	300		4,188
Shinko Electric Industries Company, Ltd.	800		7,572
Sigma Designs, Inc. *	200		2,844
Silicon Image, Inc. *	400		2,136
Silicon Laboratories, Inc. *	200		6,140
Silicon-On-Insulator Technologies SA *	1,651		8,958
Siliconware Precision Industries Company	2,812		16,225
Sindo Ricoh Company, Ltd.	185		8,890
Skyworks Solutions, Inc. *	1,000		8,360
Smith Micro Software, Inc. *	300		2,130
SOFTBANK Corp.	600		7,819
Softbank SA	375		9,748
Software AG	135		7,705
SPSS, Inc. *	100		2,936
Square Enix Company, Ltd.	400		11,698
SRA International, Inc., Class A *	200		4,526
Standard Microsystems Corp. *	100		2,498
STEC, Inc. *	200		1,540
STMicroelectronics NV	2,337		23,698
Sun Microsystems, Inc. *	800		6,080
Supertex, Inc. *	100		2,816
SXC Health Solutions Corp. *	200		3,118
Sybase, Inc. *	400		12,248
Sykes Enterprises, Inc. *	200		4,392
Synaptics, Inc. *	100		3,022
Synchronoss Technologies, Inc. *	100		941
SYNNEX Corp. *	300		6,702
Synopsys, Inc. *	700		13,965
Syntel, Inc.	100		2,450
Taiwan Semiconductor
Manufacturing Company, Ltd.	21,075		35,343
Taleo Corp. *	100		1,989
Tata Consultancy Services, Ltd.	250		3,547
TDK Corp.	500		24,735
Temenos Group AG *	170		3,241
Teradata Corp. *	300		5,850
Teradyne, Inc. *	900		7,029
Tessera Technologies, Inc. *	300		4,902
Texas Instruments, Inc.	1,600		34,400
The Sage Group PLC	3,603		12,620
Thomas & Betts Corp. *	300		11,721
THQ, Inc. *	400		4,816
TietoEnator Oyj	537		7,904
Tokyo Electron, Ltd.	400		18,100

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
TomTom NV *	379	$	6,970
Total Systems Services, Inc.	300		4,920
Totvs SA	100		2,365
TPV Technology, Ltd.	10,000		3,061
Trimble Navigation, Ltd. *	600		15,516
Triquint Semiconductor, Inc. *	1,000		4,790
Tyler Technologies, Inc. *	200		3,034
UbiSoft Entertainment SA *	116		8,070
Ultimate Software Group, Inc. *	100		2,700
Ultratech, Inc. *	200		2,420
Unaxis Holding AG *	26		5,150
Unisem M BHD	25,600		10,307
Unisys Corp. *	800		2,200
United Microelectronics Corp.	61,620		19,848
Varian Semiconductor Equipment Associates,
Inc. *	200		5,024
Veeco Instruments, Inc. *	200		2,962
Western Digital Corp. *	700		14,924
Winbond Electronics Corp. *	64,000		7,852
Wincor Nixdorf AG	135		7,950
Wind River Systems, Inc. *	500		5,000
Wipro, Ltd., ADR	1,000		9,720
Wistron Corp.	6,294		7,821
Xerox Corp.	1,800		20,754
Xilinx, Inc.	500		11,725
			3,692,963
Utilities - 2.67%
A2A SpA	2,760		7,043
Acea SpA	527		7,548
Acegas-APS SpA	780		5,701
AES Corp. *	1,600		18,704
AES Tiete SA	500		4,046
AES Tiete SA	900		6,811
AGL Energy, Ltd.	827		9,121
AGL Resources, Inc.	400		12,552
Allegheny Energy, Inc.	200		7,354
Allete, Inc.	200		8,900
Alliant Energy Corp.	300		9,663
Ameren Corp.	400		15,612
American Electric Power Company, Inc.	600		22,218
American States Water Company	100		3,850
Aqua America, Inc.	500		8,890
Atmos Energy Corp.	400		10,648
Avista Corp.	300		6,513
Babcock & Brown Infrastructure Group	9,001		2,417
BKW FMB Energie AG	77		7,936
Black Hills Corp.	200		6,214
Boralex, Inc., Class A *	200		1,612
California Water Service Group	100		3,850
Canadian Utilities, Ltd.	200		7,132
CenterPoint Energy, Inc.	600		8,742
Centrais Eletricas Brasileiras SA *	1,200		17,846
Centrica PLC	5,321		29,940
CEZ AS	268		16,776
CH Energy Group, Inc.	100		4,357
China Resource Power Holdings, Ltd.	4,000		8,738

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

89

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
Chubu Electric Power Company, Inc.	1,000	$	23,563
Chugoku Electric Power Company, Inc.	500		10,251
Cia de Saneamento Basico do Estado de Sao
Paulo *	600		8,308
Cia Energetica de Minas Gerais, ADR	1,300		25,662
Cia Energetica de Minas Gerais	600		9,942
Cia General de Electricidad	729		3,827
Cleco Corp.	300		7,575
CLP Holdings, Ltd.	3,000		24,200
CMS Energy Corp.	1,000		12,470
Colbun SA *	49,226		9,447
Companhia de Saneamento de Minas Gerais *	200		2,102
Connecticut Water Service, Inc.	400		11,580
Consolidated Edison, Inc.	400		17,184
Constellation Energy Group, Inc.	200		4,860
Contact Energy, Ltd.	1,566		8,291
CPFL Energia SA	600		11,193
Dominion Resources, Inc.	1,100		47,058
DPL, Inc.	500		12,400
Drax Group PLC	806		10,852
DTE Energy Company	300		12,036
Duet Group	2,880		6,024
Dynegy, Inc., Class A *	1,400		5,012
E.ON AG	2,910		146,480
Edison International	500		19,950
El Paso Electric Company *	200		4,200
Electric Power Development Company, Ltd.	300		9,688
Electricidade de Portugal SA	1,955		8,205
Electricite de France	278		20,103
Elektrizitaets-Gesellschaft Laufenburg AG	13		14,455
Emera, Inc.	200		3,978
Empire District Electric Company	200		4,270
Empresa Nacional de Electricidad SA, ADR	200		8,902
Enagas	727		15,677
Enel SpA	5,560		46,413
Energen Corp.	200		9,056
Energiedienst Holding AG *	343		18,190
EnergySouth, Inc.	100		6,143
Enersis SA, SADR	600		9,792
Entergy Corp.	300		26,703
Exelon Corp.	900		56,358
FirstEnergy Corp.	400		26,796
Fortis, Inc.	800		18,071
Fortum Corp. Oyj	561		18,827
FPL Group, Inc.	600		30,180
GAIL India, Ltd.	567		5,012
Gas Natural SDG SA	403		14,959
GDF Suez	1,694		88,133
Great Plains Energy, Inc.	500		11,110
Hawaiian Electric Industries, Inc.	400		11,644
Hera SpA	2,421		6,684
Hokkaido Electric Power Company, Inc.	500		10,440
Hokuriku Electric Power Company	500		12,031
Hong Kong & China Gas Company, Ltd.	4,400		10,044
Hong Kong Electric Holdings, Ltd.	2,000		12,562
Iberdrola SA	4,761		48,367

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
IDACORP, Inc.	200	$	5,818
Integrys Energy Group, Inc.	100		4,994
International Power PLC	3,813		24,673
Iride SpA	1,525		3,366
ITC Holdings Corp.	200		10,354
Kansai Electric Power Company, Ltd.	1,100		24,473
Korea Electric Power Corp., ADR	700		8,673
Korea Gas Corp.	132		7,606
Kyushu Electric Power Company, Inc.	500		10,422
Light SA	700		8,715
Maxim Power Corp. *	100		427
MDU Resources Group, Inc.	400		11,600
MGE Energy, Inc.	100		3,555
Mirant Corp. *	300		5,487
MVV Energie AG	31		1,457
National Grid PLC	800		51,376
New Jersey Resources Corp.	200		7,178
Nicor, Inc.	300		13,305
NiSource, Inc.	500		7,380
Northeast Utilities	300		7,695
Northumbrian Water Group PLC	1,539		7,897
Northwest Natural Gas Company	100		5,200
NorthWestern Corp.	200		5,026
NRG Energy, Inc. *	1,000		24,750
NSTAR	500		16,750
Oesterreichische Elektrizitaets AG, Class A	109		6,708
OGE Energy Corp.	400		12,352
Okinawa Electric Power Company, Inc.	100		4,787
ONEOK, Inc.	200		6,880
Ormat Technologies, Inc.	300		10,899
Osaka Gas Company, Ltd.	3,000		10,330
Otter Tail Corp.	200		6,146
Pennon Group PLC	1,622		17,079
Pepco Holdings, Inc.	400		9,164
Perusahaan Gas Negara Tbk PT	35,000		7,931
PG&E Corp.	400		14,980
PICO Holdings, Inc. *	100		3,591
Piedmont Natural Gas, Inc.	300		9,588
Pike Electric Corp. *	100		1,473
Pinnacle West Capital Corp.	300		10,323
PNM Resources, Inc.	400		4,096
Portland General Electric Company	300		7,098
Power Grid Corp of India, Ltd.	4,266		7,946
PPL Corp.	500		18,510
Progress Energy, Inc.	400		17,252
Public Power Corp.	549		8,470
Public Service Enterprise Group, Inc.	900		29,511
Red Electrica De Espana	321		16,346
Reliance Infrastructure, Ltd.	234		4,018
Reliant Energy, Inc. *	1,100		8,085
Romande Energie Holding SA	8		18,144
RWE AG	418		39,851
SCANA Corp.	200		7,786
Scottish & Southern Energy PLC	1,365		34,733
Sempra Energy	400		20,188
Severn Trent PLC	349		8,468

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

90

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
Shikoku Electric Power Company, Inc.	400	$	10,047
Sierra Pacific Resources	1,100		10,538
SJW Corp.	100		2,997
Snam Rete Gas SpA	1,527		9,228
South Jersey Industries, Inc.	200		7,140
Southern Union Company	600		12,390
Southwest Gas Corp.	200		6,052
Southwest Water Company	200		2,550
SP AusNet	7,630		6,382
Tata Power Company, Ltd.	180		3,544
Teco Energy, Inc.	1,000		15,730
Tenaga Nasional BHD	2,100		4,189
Terna Rete Elettrica Nationale SpA	5,352		19,677
The Laclede Group, Inc.	100		4,849
The Southern Company	1,100		41,459
The Tokyo Electric Power Company, Ltd.	1,400		34,446
Toho Gas Company, Ltd.	2,000		11,031
Tohoku Electric Power Company, Inc.	500		10,747
Tokyo Gas Company, Ltd.	3,000		12,517
Tractebel Energia SA	700		7,615
TransAlta Corp.	300		8,062
TrustPower, Ltd.	877		4,641
UGI Corp.	400		10,312
UIL Holding Corp.	100		3,433
Union Fenosa SA	447		10,928
Unisource Energy Corp.	200		5,838
United Utilities Group PLC *	1,381		17,138
Vectren Corp.	400		11,140
Veolia Environnement, ADR	400		16,512
Westar Energy, Inc.	500		11,520
WGL Holdings, Inc.	200		6,490
Wisconsin Energy Corp.	200		8,980
Xcel Energy, Inc.	700		13,993
Xinao Gas Holdings, Ltd., GDR	4,000		5,421
			2,346,440
TOTAL COMMON STOCKS (Cost $71,376,172)		$	59,226,579
PREFERRED STOCKS - 0.17%
Basic Materials - 0.05%
Companhia de Ferro Ligas da Bahia - Ferbasa (i)	300		1,711
Fertilizantes Fosfatados SA (i)	800		6,411
Klabin SA (i)	2,000		4,162
Usinas Siderurgicas de Minas Gerais SA,
Series A (i)	1,600		34,062
			46,346
Communications - 0.03%
Net Servicos de Comunicacao SA * (i)	300		2,559
Tele Norte Leste Participacoes SA (i)	700		11,955
Telemar Norte Leste SA, Series A (i)	300		9,223
Universo Online SA (i)	500		1,918
Vivo Participacoes SA * (i)	800		3,275
			28,930
Consumer, Cyclical - 0.02%
Lojas Americanas SA (i)	1,400		6,143

Disciplined Diversification Trust (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS (continued)
Consumer, Cyclical (continued)
Tam SA (i)	500	$	9,459
			15,602
Consumer, Non-cyclical - 0.03%
Cia Brasileira de Distribuicao Grupo Pao de
Acucar (i)	500		8,671
Companhia de Bebidas das Americas, ADR (i)	200		10,922
Contax Participacoes SA (i)	100		2,102
Sadia SA, ADR * (i)	2,200		6,590
			28,285
Industrial - 0.00%
Confab Industrial SA (i)	600		1,668
Utilities - 0.04%
Centrais Eletricas Brasileiras SA * (i)	1,000		12,639
Cia de Gas de Sao Paulo, A Shares (i)	100		2,155
Cia de Transmissao de Energia Eletrica
Paulista (i)	200		5,233
Cia Energetica de Sao Paulo * (i)	500		4,335
Cia Paranaense de Energia (i)	500		6,937
			31,299
TOTAL PREFERRED STOCKS (Cost $236,968)		$	152,130
WARRANTS - 0.00%
Energy - 0.00%
Beach Petroleum, Ltd.
(Expiration Date 06/30/2010, Strike
Price AUD 2.00) *	566		32
Financial - 0.00%
IJM Land Berhad
(Expiration Date: 09/11/2013, Strike
Price: MYR 1.35) *	310		20
TOTAL WARRANTS (Cost $12)		$	52
RIGHTS - 0.00%
Basic Materials - 0.00%
Gunns, Ltd. *	984		0
Consumer, Non-cyclical - 0.00%
Cosan SA Industria e Comercio (Expiration
Date: 10/22/2008, Strike Price: BRL 16.00) *	121		8
Diversified - 0.00%
Fresenius Kabi Pharmaceuticals Holding, Inc.
(Expiration Date: 09/24/2008, Strike Price:
AUD 1.50) *	700		455
TOTAL RIGHTS (Cost $700)		$	463
U.S. TREASURY OBLIGATIONS - 21.29%
Federal Home Loan Bank - 3.75%
2.625% due 05/20/2011	450,000		440,056
3.625% due 07/01/2011 to 09/16/2011	1,270,000		1,264,832
4.875% due 11/18/2011	790,000		819,458
5.375% due 08/19/2011	300,000		313,235
			3,301,311

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

91

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
Federal National Mortgage
Association - 0.60%
5.375% due 11/15/2011	$	500,000	$	527,063
Treasury Inflation-Protected
Securities (d) - 8.97%
1.375% due 07/15/2018		193,775		178,606
1.625% due 01/15/2015 to 01/15/2018		1,698,552		1,630,201
1.75% due 01/15/2028		314,934		274,755
1.875% due 07/15/2013 to 07/15/2015		1,094,165		1,081,672
2.00% due 01/15/2014 to 01/15/2026		1,909,019		1,881,587
2.375% due 01/15/2017 to 01/15/2027		1,330,872		1,327,448
2.50% due 07/15/2016		560,835		574,024
2.625% due 07/15/2017		753,402		775,887
3.625% due 04/15/2028		135,975		156,435
				7,880,615
U.S. Treasury Notes - 7.97%
4.50% due 03/31/2012 to 04/30/2012		4,405,000		4,691,027
4.75% due 05/31/2012		2,150,000		2,310,409
				7,001,436
U.S. TREASURY OBLIGATIONS - 21.29%
Federal Home Loan Bank - 3.75%
3.375% due 06/24/2011		465,000		463,730
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $19,117,713)			$	18,710,425
FOREIGN GOVERNMENT OBLIGATIONS - 0.80%
Canada - 0.80%
Province of Ontario Canada
3.50% due 07/15/2013		200,000		196,994
5.00% due 10/18/2011		250,000		263,208
5.00% due 02/15/2012		230,000		241,709
				701,911
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $694,898)			$	701,911
CORPORATE BONDS - 7.68%
Consumer, Cyclical - 0.54%
Wal-Mart Stores, Inc.
4.55% due 05/01/2013		250,000		249,489
7.25% due 06/01/2013		200,000		221,169
				470,658
Energy - 0.58%
Total Capital SA, EMTN
4.00% due 05/28/2013		200,000		198,940
5.00% due 05/22/2012		300,000		310,977
				509,917
Financial - 4.89%
Bank of America NA, Series BKN1
3.4037% due 05/12/2010 (b)		300,000		296,074
Bank of New York Mellon Corp.
5.125% due 08/27/2013		300,000		286,003
Bank of New York Mellon Corp., MTN
3.7838% due 06/29/2010 (b)		200,000		197,401

Disciplined Diversification Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Bank of Scotland PLC, EMTN
5.50% due 06/15/2012	$	300,000	$	256,515
Barclays Bank PLC
5.45% due 09/12/2012		300,000		299,141
Eksportfinans A/S
5.00% due 02/14/2012		250,000		257,023
General Electric Capital Corp.
4.80% due 05/01/2013		200,000		182,420
General Electric Capital Corp., MTN, Series G
2.8163% due 03/12/2010 (b)		200,000		197,322
Instituto de Credito Oficial, EMTN
5.375% due 07/02/2012		250,000		270,508
John Deere Capital Corp., MTN
3.2606% due 02/26/2010 (b)		300,000		299,932
JP Morgan Chase & Company
4.75% due 05/01/2013		300,000		277,877
JPMorgan Chase & Company, MTN
3.1588% due 11/19/2009 (b)		200,000		199,639
Landwirtschaftliche Rentenbank, EMTN
5.25% due 07/02/2012		300,000		316,587
Royal Bank of Canada
5.65% due 07/20/2011		300,000		307,951
Wachovia Corp, MTN
2.8606% due 12/01/2009 (b)		200,000		174,133
Wells Fargo & Company
3.27% due 03/23/2010 (b)		300,000		297,251
4.375% due 01/31/2013		200,000		183,844
				4,299,621
Government - 1.67%
Caisse d'Amortissement de la Dette Sociale, EMTN
5.375% due 07/17/2012		300,000		321,960
European Investment Bank, EMTN
4.25% due 07/15/2013		400,000		409,440
Kommuninvest, EMTN
5.375% due 07/03/2012		400,000		422,200
Svensk Exportkredit AB, GMTN
4.875% due 09/29/2011		300,000		311,643
				1,465,243
TOTAL CORPORATE BONDS (Cost $6,869,103)			$	6,745,439
SHORT TERM INVESTMENTS - 0.37%
Deutsche Bank AG/New York NY, Series YCD
2.8828% due 07/30/2009 (b)	$	200,000	$	198,427
John Hancock Cash
Investment Trust, 2.6453% (c)(f)		121,521		121,521
TOTAL SHORT TERM INVESTMENTS
(Cost $319,949)			$	319,948

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

92

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Disciplined Diversification Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 2.20%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$1,931,067 on 10/01/2008,
collateralized by $1,975,000
Federal Home Loan Bank,
2.39875% due 01/13/2010 (valued
at $1,973,025, including interest)	$	1,931,000	$	1,931,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,931,000)			$	1,931,000
Total Investments (Disciplined Diversification Trust)
(Cost $100,546,515) - 99.91%			$	87,787,947
Other Assets in Excess of Liabilities - 0.09%				81,039
TOTAL NET ASSETS - 100.00%			$	87,868,986
Emerging Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 101.21%
Basic Materials - 1.28%
Intrepid Potash, Inc. *		5,943	$	179,122
Communications - 7.38%
Acacia Research - Acacia Technologies *		16,948		51,183
Atheros Communications, Inc. *		4,689		110,566
Comtech Telecommunications Corp. *		6,895		339,510
Constant Contact, Inc. * (a)		16,554		282,577
ID Systems, Inc. *		28,544		252,614
				1,036,450
Consumer, Cyclical - 5.96%
Bally Technologies, Inc. *		8,119		245,843
Force Protection, Inc. *		79,218		212,304
Hibbett Sports, Inc. *		9,435		188,889
Pinnacle Entertainment, Inc. *		12,697		95,989
Progressive Gaming International Corp. *		3,920		5,606
Under Armour, Inc., Class A *		2,800		88,928
				837,559
Consumer, Non-cyclical - 37.31%
Align Technology, Inc. *		18,700		202,521
AMAG Pharmaceuticals, Inc. *		5,671		219,638
BioForm Medical, Inc. *		27,280		106,938
BioMarin Pharmaceutical, Inc. *		6,200		164,238
Caliper Life Sciences, Inc. *		21,869		61,233
Catalyst Health Solutions, Inc. *		2,633		68,774
Conceptus, Inc. *		8,370		138,775
Electro-Optical Sciences, Inc. *		29,136		152,090
Euronet Worldwide, Inc. *		5,235		87,581
Exelixis, Inc. *		26,885		163,461
FTI Consulting, Inc. *		4,496		324,791
Green Mountain Coffee Roasters, Inc. * (a)		4,850		190,799
Hill International, Inc. *		15,677		217,126
Inspire Pharmaceuticals, Inc. *		35,817		127,867
Kendle International, Inc. *		1,540		68,853
Matrixx Initiatives, Inc. *		12,374		222,608

Emerging Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Micrus Endovascular Corp. *	10,993	$	153,352
Nuvasive, Inc. *	6,391		315,268
Onyx Pharmaceuticals, Inc. *	4,800		173,664
Providence Service Corp. *	9,289		91,032
ResMed, Inc. *	7,260		312,180
RTI Biologics, Inc. *	18,633		174,218
SenoRx, Inc. *	15,220		75,187
Sequenom, Inc. *	9,226		245,596
Smart Balance, Inc. *	24,722		162,176
Somanetics Corp. *	8,524		186,420
SonoSite, Inc. *	7,054		221,496
Spectranetics Corp. *	21,228		98,286
Team, Inc. *	5,800		209,496
VistaPrint, Ltd. * (a)	9,296		305,281
			5,240,945
Diversified - 0.79%
Walter Industries, Inc.	2,333		110,701
Energy - 8.09%
Atwood Oceanics, Inc. *	4,200		152,880
Comstock Resources, Inc. *	3,330		166,666
Dril-Quip, Inc. *	3,394		147,266
InterOil Corp. * (a)	14,396		395,890
Rex Energy Corp. *	7,651		120,580
Superior Energy Services, Inc. *	4,934		153,645
			1,136,927
Financial - 9.27%
FCStone Group, Inc. *	9,949		178,983
Greenhill & Company, Inc.	2,504		184,670
IBERIABANK Corp.	2,819		148,984
Infinity Property & Casualty Corp.	3,336		137,443
Portfolio Recovery Associates, Inc. * (a)	3,026		147,154
PrivateBancorp, Inc. (a)	3,918		163,224
ProAssurance Corp. *	3,470		194,320
Signature Bank *	4,203		146,601
			1,301,379
Industrial - 16.14%
Aerovironment, Inc. *	8,806		281,352
Bucyrus International, Inc., Class A	4,550		203,294
EnergySolutions, Inc.	9,533		95,330
Enersys *	6,150		121,217
FARO Technologies, Inc. *	4,614		93,987
Flow International Corp. *	30,993		157,444
Fushi Copperweld, Inc. *	4,851		47,006
Genesee & Wyoming, Inc., Class A *	4,773		179,083
Haynes International, Inc. *	3,072		143,862
Hub Group, Inc., Class A *	2,030		76,430
Imax Corp. *	57,270		339,038
iRobot Corp. * (a)	24,026		356,065
Landstar Systems, Inc.	3,930		173,156
			2,267,264
Technology - 14.99%
Allscripts Healthcare Solution, Inc. *	11,609		144,416
Concur Technologies, Inc. *	8,140		311,436
FormFactor, Inc. *	4,017		69,976

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

93

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Mattson Technology, Inc. *		30,296	$	143,300
Monotype Imaging Holdings, Inc. *		12,460		138,680
Netlogic Microsystems, Inc. * (a)		7,601		229,854
NetSuite, Inc. *		6,050		109,021
Phase Forward, Inc. *		4,180		87,404
Progress Software Corp. *		6,813		177,070
Rubicon Technology, Inc. *		6,541		47,226
Synaptics, Inc. *		4,891		147,806
Tyler Technologies, Inc. *		11,339		172,013
Ultimate Software Group, Inc. *		7,022		189,594
Varian Semiconductor Equipment Associates,
Inc. *		5,498		138,110
				2,105,906
TOTAL COMMON STOCKS (Cost $16,324,683)			$	14,216,253
WARRANTS - 0.06%
Consumer, Non-cyclical - 0.06%
Electro-Optical Sciences, Inc.
(Expiration Date: 10/31/2011, Strike
Price: $6.70) *		860		1,062
(Expiration Date: 08/03/2012, Strike
Price: $8.00) *		6,521		7,953
				9,015
TOTAL WARRANTS (Cost $0)			$	9,015
CONVERTIBLE BONDS - 0.98%
Energy - 0.98%
InterOil Corp.
8.00% due 05/09/2013 (g)		125,000		137,500
TOTAL CONVERTIBLE BONDS (Cost $125,000)			$	137,500
SHORT TERM INVESTMENTS - 14.53%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	2,040,623	$	2,040,623
TOTAL SHORT TERM INVESTMENTS
(Cost $2,040,623)			$	2,040,623
Total Investments (Emerging Growth Trust)
(Cost $18,490,306) - 116.78%			$	16,403,391
Liabilities in Excess of Other Assets - (16.78)%				(2,357,143)
TOTAL NET ASSETS - 100.00%			$	14,046,248
Emerging Markets Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.71%
Brazil - 6.18%
American Banknote SA *		3,300	$	25,840
Aracruz Celulose SA, SADR		30,334		1,113,561
Banco Bradesco SA, ADR		250,300		4,029,830
Banco Bradesco SA		151,100		2,135,998
Bematech SA *		11,100		30,624

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Brazil (continued)
BR Malls Participacoes SA *	18,600	$	112,407
Brascan Residential Properties SA	15,200		35,146
Braskem SA, SADR	117,951		1,290,384
Camargo Correa Desenvolvimento Imobiliario
SA	6,800		15,938
Cia Brasileira de Distribuicao Grupo Pao de
Acucar, ADR *	17,400		608,304
Cia Hering *	12,700		51,323
Company SA	7,051		27,049
Cosan SA Industria e Comercio *	8,000		53,392
Empresa Brasileira de Aeronautica SA, ADR	23,200		626,632
Eternit SA	30,000		93,016
Fertilizantes Heringer SA *	2,300		11,906
Gafisa SA	45,300		573,719
Gerdau SA, SADR	526,134		5,840,087
Grendene SA	22,000		160,702
Guararapes Confeccoes SA	4,000		57,386
Iguatemi Empresa de Shopping Centers SA	4,900		36,308
Industrias Romi SA *	3,100		14,662
JBS SA	148,000		368,658
M Dias Branco SA	23,900		253,707
Medial Saude SA	5,500		32,516
Net Servicos de Comunicacao SA, PR ADR *	69,242		607,945
Obrascon Huarte Lain Brasil SA	2,200		20,290
PDG Realty SA Empreendimentos e
Participacoes	32,100		226,888
Perdigao SA, SADR *	55,380		2,167,573
Porto Seguro SA *	38,400		272,426
Rossi Residencial SA	12,900		36,607
Sadia SA, SADR	116,709		1,093,563
Sao Carlos Empreendimentos e
Participacoes SA	12,905		67,072
Sao Martinho SA *	23,500		227,850
Totvs SA	434		10,263
Ultrapar Participacoes SA, ADR	34,806		870,846
Ultrapar Participacoes SA	5,380		142,749
Unibanco - Uniao de Bancos Brasileiros SA *	115,000		1,175,443
Unibanco - Uniao De Bancos
Brasileiros SA, ADR *	12,900		1,301,868
Usinas Siderurgicas de Minas Gerais SA	21,600		435,315
Votorantim Celulose e Papel SA, SADR *	107,448		1,655,774
			27,911,567
Chile - 3.42%
Cementos Bio Bio SA	50,384		91,217
Companhia de Consumidores de Gas de
Santiago SA	6,505		21,787
Companhia Sudamericana de Vapores SA	519,643		545,656
Compania de Telecomunicaciones de Chile
SA, SADR	210,360		1,432,552
Corpbanca SA, SADR	9,112		219,052
Cristalerias de Chile SA	20,728		157,651
Empresas CMPC SA	50,074		1,495,738
Empresas Copec SA	275,606		3,118,562
Empresas Iansa SA	439,146		12,888
Enersis SA, SADR	447,410		7,301,731
Industrias Forestales SA	77,846		14,094
Madeco SA, SADR	41,326		337,220

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

94

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chile (continued)
Masisa SA	3,956,640	$	569,481
Soquimich Comercial SA	129,645		58,679
Vina San Pedro SA	9,266,334		55,529
			15,431,837
China - 3.95%
AviChina Industry & Technology Company,
Ltd. *	824,000		82,943
Bank of China, Ltd.	12,440,000		4,820,815
Beijing Capital International Airport Company,
Ltd., Class H	756,000		624,436
BYD Company, Ltd., H Shares	515,500		862,800
Chaoda Modern Agriculture Holdings, Ltd.	1,681,225		1,419,936
China Construction Bank - Hong Kong
Exchange	1,419,000		946,850
China Petroleum & Chemical Corp., ADR -
Hong Kong Exchange	1,700		133,161
China Rare Earth Holdings, Ltd. - Hong Kong
Exchange	660,000		74,905
China Shineway Pharmaceutical Group, Ltd. -
Hong Kong Exchange	80,000		57,039
China Shipping Container Lines Company,
Ltd. - Hong Kong Exchange	1,775,150		305,483
Dongfeng Motor Group Company, Ltd.	2,642,000		972,347
Guangshen Railway Company, Ltd., SADR	32,188		778,950
Hunan Non Ferrous Metal Corp., Ltd.	1,542,000		194,450
Industrial & Commercial Bank of China, Ltd.	1,659,000		1,002,691
Maanshan Iron & Steel Company, Ltd.	1,572,000		495,932
PetroChina Company, Ltd., SADR	15,800		1,623,134
PICC Property & Casualty Company, Ltd.,
Class H *	2,126,000		866,082
Qingling Motors Company, Ltd.	474,000		59,755
Semiconductor Manufacturing International
Corp., SADR *	140,377		209,162
Semiconductor Manufacturing
International Corp. *	7,873,000		238,265
Shanghai Electric Group Company, Ltd. *	2,561,000		780,748
Sinopec Shanghai Petrochemical Company,
Ltd., SADR	21,100		468,842
Sinopec Yizheng Chemical Fibre
Company, Ltd. *	1,354,000		116,130
Sinotrans, Ltd., Class H	1,372,000		268,037
ZTE Corp., Class H	117,880		446,509
			17,849,402
Czech Republic - 0.96%
Telefonica Czech Republic AS	140,812		3,314,297
Unipetrol AS	90,417		1,011,291
			4,325,588
Hong Kong - 5.56%
Amvig Holdings, Ltd.	412,000		310,929
Baoye Group Company, Ltd.	168,000		51,926
Beijing Capital Land, Ltd.	492,000		70,082
Beijing Enterprises Holdings, Ltd.	413,500		1,574,911
Brilliance China Automotive Holdings, Ltd. *	2,408,000		176,460
Catic Shenzhen Holdings, Ltd. *	122,000		31,790
China Aerospace International Holdings, Ltd. *	1,091,200		56,915
China Everbright, Ltd.	664,000		1,065,382

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
China Green Holdings, Ltd.	222,000	$	178,947
China Haidian Holdings, Ltd. *	402,000		22,232
China Pharmaceutical Group, Ltd.	774,000		252,600
China Resources Enterprises, Ltd.	740,000		1,806,887
China Travel International Investment
Hong Kong, Ltd.	2,732,000		620,811
China Unicom, Ltd., ADR	286,100		4,325,832
China Unicom, Ltd.	118,000		177,515
Chongqing Iron & Steel Company, Ltd.	230,000		44,758
Citic Pacific, Ltd.	957,000		2,797,439
CNPC Hong Kong, Ltd.	2,320,000		987,773
COFCO International, Ltd.	802,000		254,731
Comba Telecom Systems Holdings, Ltd.	320,000		54,365
Cosco International Holdings, Ltd.	658,000		142,348
Cosco Pacific, Ltd.	1,018,000		1,168,379
Dalian Port PDA Company, Ltd.	778,000		270,897
Denway Motors, Ltd.	4,522,000		1,432,310
Digital China Holdings, Ltd.	103,000		34,203
Dynasty Fine Wines Group, Ltd.	616,000		86,845
First Tractor Company, Ltd.	204,000		31,180
Fu Ji Food & Catering Services Holdings, Ltd.	218,000		222,975
Geely Automobile Holdings Company, Ltd.	2,050,000		158,128
Global Bio-Chem Technology
Group Company, Ltd.	1,340,000		433,413
Great Wall Motor Company, Ltd.	161,000		67,916
Great Wall Technology Company, Ltd. *	142,000		15,793
Guangzhou Pharmaceutical Company, Ltd.	58,000		20,917
Hainan Meilan International Airport Company,
Ltd.	99,000		52,677
Harbin Power Equipment Company, Ltd.	646,000		462,770
HKC Holdings, Ltd.	3,405,000		284,821
Hopson Development Holdings, Ltd., GDR	568,000		288,570
Innomaxx Biotechnology Group, Ltd. *	1,248,000		57,946
Kingway Brewery Holdings, Ltd. *	578,000		47,638
Lianhua Supermarket Holdings, Ltd.	103,000		141,258
Lingbao Gold Company, Ltd.	92,000		23,325
Minmetals Resources, Ltd.	788,000		121,906
Neo-China Group Holdings, Ltd.	359,000		114,660
Nine Dragons Paper Holdings, Ltd.	1,198,000		448,161
Shanghai Industrial Holdings, Ltd.	486,000		1,110,932
Shanghai Prime Machinery Company, Ltd.	360,000		47,577
Shanghai Real Estate, Ltd.	1,078,000		83,305
Shenzhen International Holdings, Ltd.	5,972,500		332,626
Shenzhen Investment, Ltd.	1,656,000		247,829
Shenzhou International Group Holdings, Ltd.	359,000		72,649
Shimao Property Holdings, Ltd., GDR	1,378,000		794,731
SinoCom Software Group, Ltd.	160,000		12,076
Sinolink Worldwide Holdings, Ltd.	1,410,000		135,934
Sinopec Kantons Holdings, Ltd.	424,000		50,861
Skyworth Digital Holdings, Ltd.	1,168,000		89,943
Stone Group Holdings, Ltd. *	1,150,000		40,553
TCL Communication Technology
Holdings, Ltd. *	2,490,000		38,616
TCL Multimedia Technology Holdings, Ltd. *	2,652,000		47,974
Tianjin Capital Environmental Protection	104,000		15,756
TPV Technology, Ltd.	1,200,000		367,326
Travelsky Technology, Ltd., Class H	405,000		205,374

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

95

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Weiqiao Textile Company, Ltd.	400,000	$	196,241
Xiamen International Port Company, Ltd.	344,000		46,845
Xiwang Sugar Holdings Company, Ltd.	474,000		122,214
Zhejiang Glass Company, Ltd. *	162,000		39,939
			25,090,622
Hungary - 3.22%
Danubius Hotel and Spa PLC *	519		17,326
Egis Gyogyszergyar Nyrt.	3,374		223,144
Fotex PLC *	60,581		190,939
Gedeon Richter Rt.	10,639		1,947,417
MOL Magyar Olaj & Gazipari Rt.	83,400		7,625,780
OTP Bank Rt. *	119,294		4,317,170
Pannonplast PLC *	14,510		95,535
Raba Jarmuipari Holding Nyilvanosan
Mukodo Rt. *	17,388		124,796
			14,542,107
India - 10.04%
Aarti Industries, Ltd.	51,087		45,340
ABG Shipyard, Ltd. *	4,051		26,117
ACC, Ltd.	16,968		226,517
Aditya Birla Nuvo, Ltd.	21,973		449,836
Ador Welding, Ltd.	8,367		18,013
Aftek, Ltd.	28,740		20,489
Alembic, Ltd.	73,121		63,369
Allahabad Bank	82,174		111,319
Alok Industries, Ltd.	35,798		22,431
Ambuja Cements, Ltd.	595,078		1,002,626
Amtek Auto, Ltd.	62,199		221,225
Apollo Hospitals Enterprise, Ltd.	19,257		186,208
Apollo Tyres, Ltd.	115,200		93,935
Arvind Mills, Ltd. *	104,084		55,949
Ashok Leyland, Ltd.	371,631		213,724
Aurobindo Pharma, Ltd.	18,067		108,077
Avaya Global Connect, Ltd.	5,668		12,113
Axis Bank, Ltd.	98,006		1,537,010
Bajaj Auto Finance, Ltd.	13,322		30,676
Bajaj Auto, Ltd.	23,398		303,853
Bajaj Finserv, Ltd.	23,398		189,341
Bajaj Hindusthan, Ltd.	36,988		82,779
Balaji Telefilms, Ltd.	15,413		46,302
Ballarpur Industries, Ltd.	216,324		132,666
Balmer Lawrie & Company, Ltd.	5,100		35,349
Balrampur Chini Mills, Ltd. *	78,415		139,436
Bank of Maharashtra	152,501		99,838
Bank of Rajasthan	49,239		64,737
Bata India, Ltd.	12,773		35,852
Bharat Earth Movers, Ltd.	11,693		174,712
Bharat Forge, Ltd.	14,230		56,656
Bhushan Steel, Ltd.	13,535		194,561
Biocon, Ltd.	37,380		146,958
Bombay Burmah Trading Company, Ltd.	3,000		20,808
Bombay Dyeing & Manufacturing Company,
Ltd.	6,442		52,679
Cairn India, Ltd. *	161,570		749,498
Chambal Fertilizers & Chemicals, Ltd.	122,137		145,028
Chi Investments, Ltd. *	3,214		2,231

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
Cholamandalam DBS Finance, Ltd.	16,563	$	22,755
City Union Bank, Ltd.	130,140		65,192
Clariant Chemicals India, Ltd.	1,800		7,708
CMC, Ltd.	500		4,673
Coromandel Fertilisers, Ltd.	28,000		86,298
Cranes Software International, Ltd.	13,600		32,136
Dalmia Cement Bharat, Ltd.	12,925		46,972
DCM Shriram Consolidated, Ltd.	39,804		42,493
Deepak Fertilizers & Petrochemicals Corp.,
Ltd.	25,890		41,123
Dr. Reddy's Laboratories, Ltd., ADR	134,990		1,505,138
Eicher Motors, Ltd.	8,249		47,861
EID Parry India, Ltd.	28,585		121,498
EIH, Ltd.	112,100		312,725
Elder Pharmaceuticals, Ltd.	7,799		53,720
Electrosteel Castings, Ltd.	80,000		34,507
Escorts, Ltd. *	17,876		23,407
Essel Propack, Ltd.	34,800		17,099
Eveready Industries, Ltd. *	12,000		7,409
FAG Bearings India, Ltd.	990		6,899
FDC, Ltd.	28,000		17,532
Federal Bank, Ltd.	90,935		406,527
Finolex Cables, Ltd.	54,200		49,227
Finolex Industries, Ltd.	36,402		36,689
Gammon India, Ltd.	40,645		122,616
Gitanjali Gems, Ltd.	15,098		62,072
GlaxoSmithKline Consumer Healthcare, Ltd.	5,810		78,261
Godfrey Philips India, Ltd.	860		26,133
Graphite India, Ltd.	75,117		77,227
Great Eastern Shipping Company, Ltd.	51,265		332,492
GTL, Ltd.	47,854		169,152
Gujarat Alkalies & Chemicals, Ltd.	21,556		51,861
Gujarat Ambuja Exports, Ltd.	77,000		59,189
Gujarat Flourochemicals, Ltd.	5,500		17,992
Gujarat Narmada Valley Fertilizers Company,
Ltd.	41,702		81,916
Gujarat State Fertilisers & Chemicals, Ltd.	23,600		59,942
HCL Infosystems, Ltd.	71,682		162,718
HEG, Ltd.	20,234		87,927
Hexaware Technologies, Ltd.	44,970		30,123
Himatsingka Seide, Ltd. *	28,000		26,177
Hinduja TMT, Ltd.	5,620		15,299
Hindustan Construction Company, Ltd.	53,020		88,894
Hindustan Motors, Ltd. *	62,437		25,214
Hotel Leela Venture, Ltd.	112,448		70,071
ICI India, Ltd.	9,700		99,694
ICICI Bank, Ltd., SADR	264,031		6,210,009
I-Flex Solutions, Ltd. *	13,000		218,415
India Cements, Ltd.	61,036		164,073
India Glycols, Ltd.	11,700		40,025
Indian Hotels Company, Ltd.	349,032		505,745
IndusInd Bank, Ltd.	131,779		159,414
Industrial Development Bank of India, Ltd.	208,923		338,431
Infomedia India, Ltd.	4,400		11,193
Infrastructure Development Finance
Company, Ltd.	320,654		501,261
Ingersoll-Rand India Ltd *	3,400		21,952

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

96

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
Ipca Laboratories, Ltd.	5,887	$	71,381
IVRCL Infrastructures & Projects, Ltd.	35,995		183,185
Jammu & Kashmir Bank, Ltd.	14,370		138,148
JB Chemicals & Pharmaceuticals, Ltd.	20,800		15,225
JBF Industries, Ltd. *	16,838		24,229
Jet Airways India, Ltd. *	16,525		144,700
Jindal Saw, Ltd.	15,200		185,992
Jindal Stainless, Ltd.	44,041		102,988
JK Tyre & Industries, Ltd.	6,013		10,185
JSW Steel, Ltd.	51,075		521,742
Jyoti Structures, Ltd.	16,000		30,827
Kalpataru Power Transmission Ltd *	3,059		49,085
Karnataka Bank, Ltd.	37,324		96,044
Karur Vysya Bank, Ltd.	15,800		103,121
Kesoram Industries, Ltd.	9,211		43,391
Kirloskar Oil Engines, Ltd.	69,124		116,187
Lakshmi Machine Works, Ltd.	2,097		40,106
Lanxess ABS, Ltd.	4,800		13,040
LIC Housing Finance, Ltd.	30,069		185,792
Maharashtra Seamless, Ltd.	7,678		45,529
Mahindra & Mahindra, Ltd.	160,326		1,765,426
Mahindra Lifespace Developers, Ltd.	4,800		35,693
Mangalam Cement, Ltd.	14,461		21,889
Maruti Udyog, Ltd.	60,042		902,436
Mastek, Ltd.	18,261		119,367
Matrix Laboratories, Ltd. *	43,893		137,165
Mercator Lines, Ltd.	55,549		66,973
Merck, Ltd.	5,500		37,503
Monnet Ispat & Energy, Ltd.	17,371		170,418
Moser Baer India, Ltd.	70,156		165,448
MRF, Ltd.	920		62,592
Mukand, Ltd.	22,832		31,777
Nagarjuna Construction Company, Ltd.	60,700		125,262
Nagarjuna Fertilizers & Chemicals, Ltd. *	125,682		76,464
Nahar Spinning Mills, Ltd.	6,600		4,943
National Organic Chemical Industries, Ltd.	80,240		33,489
Navneet Publications India, Ltd.	30,000		34,232
NIIT Technologies, Ltd.	19,088		35,761
Nirma, Ltd.	27,700		70,689
Orchid Chemicals & Pharmaceuticals, Ltd.	20,218		92,562
Orient Paper & Industries, Ltd.	51,770		30,974
Oriental Bank of Commerce	13,528		43,513
Patel Engineering Ltd *	5,136		33,541
Patni Computer Systems, Ltd.	35,839		138,550
Petronet LNG, Ltd.	238,460		269,921
Pfizer, Ltd.	3,300		38,964
Polaris Software Lab, Ltd.	26,963		39,308
Polyplex Corp., Ltd.	1,700		5,685
PSL, Ltd.	10,200		48,144
PTC India, Ltd.	88,843		124,069
Punj Lloyd, Ltd.	14,269		89,119
Punjab Tractors, Ltd.	17,492		61,467
Rallis India, Ltd.	4,273		40,464
Raymond, Ltd.	13,115		38,036
Rei Agro, Ltd.	2,062		69,454
Rei Six Ten Retail, Ltd. *	1,547		0

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India (continued)
Reliance Communications, Ltd.	169,765	$	1,224,823
Reliance Industries, Ltd., GDR (g)	121,583		9,884,698
Reliance Industries, Ltd.	4,100		171,925
Rolta India, Ltd.	48,650		251,347
Ruchi Soya Industries, Ltd.	61,975		95,194
Seamec, Ltd. *	10,845		22,286
Shriram Transport Finance Company, Ltd.	54,419		361,055
Sicagen India, Ltd. *	6,851		883
Sical Logistics, Ltd. *	6,851		8,578
Sonata Software, Ltd.	29,000		13,056
South Indian Bank, Ltd.	20,294		45,429
SREI Infrastructure Finance, Ltd.	22,993		29,759
SRF, Ltd.	24,910		57,754
State Bank Of India	30,526		971,690
Sterlite Optical Technologies, Ltd.	16,753		42,672
Strides Arcolab, Ltd. *	8,709		32,399
Sundram Fasteners, Ltd.	17,700		10,087
Supreme Industries, Ltd.	7,790		32,836
Syndicate Bank, Ltd.	164,597		232,915
Tata Chemicals, Ltd.	56,208		275,657
Tata Communications, Ltd., ADR	40,047		846,193
Tata Investment Corp., Ltd.	6,431		46,664
Tata Metaliks, Ltd.	7,900		20,670
Tata Motors, Ltd., SADR	26,000		199,160
Tata Motors, Ltd.	149,148		1,103,939
Tata Steel, Ltd.	83,128		767,138
Tata Tea, Ltd.	20,573		295,639
Teledata Marine Solutions *	23,474		17,119
Teledata Technology Solutions *	23,474		17,119
Torrent Pharmaceuticals, Ltd.	9,400		33,766
Trent, Ltd.	4,173		40,074
Tube Investments of India, Ltd.	75,410		64,057
TVS Motor Company, Ltd.	51,986		37,388
Unichem Laboratories, Ltd.	9,000		32,152
United Phosphorus, Ltd.	59,452		401,037
Usha Martin, Ltd.	64,955		74,564
Varun Shipping Company, Ltd.	66,246		81,395
Wockhardt, Ltd.	18,700		62,549
Zee Entertainment Enterprises, Ltd.	36,378		158,199
Zensar Technologies, Ltd.	6,485		15,460
Zuari Industries, Ltd.	9,200		46,629
			45,331,483
Indonesia - 3.29%
Apexindo Pratama Duta Tbk PT	1,342,000		325,477
Astra Graphia Tbk PT	606,000		21,456
Astra International Tbk PT	2,336,500		4,167,756
Bakrie & Brothers Tbk PT *	5,347,000		137,220
Bakrieland Development Tbk PT *	10,608,000		259,501
Bank Central Asia Tbk PT	5,130,000		1,689,720
Bank Danamon Indonesia Tbk PT	2,045,500		1,042,912
Bank Niaga Tbk PT	5,630,500		427,631
Bank Pan Indonesia Tbk PT *	7,995,000		633,355
Bank Rakyat Indonesia Tbk PT	160,000		90,399
Berlian Laju Tanker Tbk PT	2,353,500		329,034
Bhakti Investama Tbk PT	3,630,500		117,628
Budi Acid Jaya Tbk PT	1,493,000		37,529

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

97

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Indonesia (continued)
Charoen Pokphand Indonesia Tbk PT *	2,559,000	$	211,961
Ciputra Surya Tbk PT *	896,000		29,008
Davomas Abadi Tbk PT *	2,465,000		29,832
Enseval Putera Megatrading Tbk PT	1,244,000		51,999
Global Mediacom Tbk PT	550,000		26,065
Gudang Garam Tbk PT	348,000		215,675
Holcim Indonesia Tbk PT *	2,490,000		222,014
Indocement Tunggal Prakarsa Tbk PT	1,060,000		662,939
Indofood Sukses Makmur Tbk PT	5,312,500		1,089,893
Kalbe Farma Tbk PT	5,844,000		398,153
Kawasan Industri Jababeka Tbk PT *	6,349,500		61,145
Lippo Karawaci Tbk PT	9,235,750		682,663
Matahari Putra Prima Tbk PT	2,266,500		140,875
Medco Energi Internasional Tbk PT *	1,749,000		663,426
Mitra Adiperkasa Tbk PT	837,000		45,933
Panin Insurance Tbk PT *	1,544,000		45,669
Panin Life Tbk PT *	6,381,500		104,799
Polychem Indonesia Tbk PT *	1,954,500		37,574
Ramayana Lestari Sentosa Tbk PT	2,048,000		173,935
Samudera Indonesia Tbk PT	58,500		25,426
Summarecon Agung Tbk PT	3,295,000		97,298
Suryainti Permata Tbk PT *	1,446,000		42,935
Tempo Scan Pacific Tbk PT	133,000		6,674
Timah Tbk PT	1,930,000		336,051
Trias Sentosa Tbk PT	2,019,500		45,794
Trimegah Securities Tbk PT	1,540,500		30,206
Tunas Ridean Tbk PT	949,000		84,461
			14,842,021
Israel - 2.57%
Africa-Israel Investments, Ltd.	7,270		183,475
AudioCodes, Ltd. *	21,648		60,026
Azorim Investment Development &
Construction Company, Ltd.	15,586		101,061
Bank Hapoalim, Ltd.	1,046,424		3,096,925
Bank Leumi Le-Israel, Ltd.	1,059,614		3,604,963
Blue Square Israel, Ltd.	3,239		32,555
Clal Industries & Investments, Ltd.	43,131		142,580
Clal Insurance Enterprise Holdings, Ltd.	25,642		349,616
Delta Galil Industries, Ltd. *	3,488		13,204
Direct Insurance Financial Investments, Ltd.	16,135		39,266
Discount Investment Corp.	21,660		394,149
Electra, Ltd.	1,115		102,660
Elron Electronic Industries, Ltd. *	22,510		108,574
First International Bank of Israel, Ltd. *	44,364		76,704
Formula Systems, Ltd., GDR	3,500		35,875
Formula Systems, Ltd.	8,342		89,002
Frutarom Industries, Ltd.	6,261		59,423
Harel Insurance Investments, Ltd.	10,248		417,495
IDB Development Corp., Ltd.	14,985		196,733
Ituran Location & Control, Ltd.	2,562		28,005
Koor Industries, Ltd.	10,990		446,218
Leader Holding & Investments, Ltd.	21,500		18,376
Menorah Mivtachim Holdings, Ltd.	17,583		124,178
Migdal Insurance Holdings, Ltd.	289,288		308,105
Mivtach Shamir Holdings, Ltd.	4,391		118,291
Orbotech, Ltd. *	15,238		121,752

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Israel (continued)
Radvision, Ltd. *	2,526	$	15,687
Retalix, Ltd. *	19,035		211,040
Scailex Corp., Ltd.	21,705		159,969
Super-Sol, Ltd.	13,964		66,592
Union Bank of Israel, Ltd. *	24,593		94,167
United Mizrahi Bank, Ltd.	130,445		813,505
			11,630,171
Malaysia - 3.96%
Affin Holdings BHD	715,700		333,347
AirAsia BHD *	799,300		290,703
AMDB BHD *	330,000		12,582
AMMB Holdings BHD	2,042,662		1,771,218
Ann Joo Resources BHD	48,000		35,128
Asas Dunia BHD *	24,000		4,741
Asia Pacific Land BHD *	282,100		27,335
Bandar Raya Developments BHD	240,800		97,861
Batu Kawan BHD	239,000		524,336
Berjaya Corp. BHD	1,312,300		244,808
Bolton BHD	177,100		39,090
Boustead Holdings BHD	324,100		431,177
Cahya Mata Sarawak BHD	241,600		104,617
Dijaya Corp. BHD	40,900		12,185
DNP Holdings BHD	15,000		3,905
DRB-Hicom BHD	798,300		207,374
Eastern & Oriental BHD	70,400		16,548
Eastern Pacific Industrial Corp. BHD	155,600		50,812
ECM Libra Avenue BHD	516,600		68,865
EON Capital BHD	376,200		459,329
Esso Malaysia BHD	92,100		65,192
General Corp. BHD	222,500		54,010
Globetronics Technology BHD	952,200		55,561
Glomac BHD	231,300		40,207
Goldis BHD	163,200		62,037
Hap Seng Consolidated BHD	253,900		182,914
Hong Leong Credit BHD	275,700		354,134
Hong Leong Industries BHD	25,000		28,238
Hume Industries Malaysia BHD	112,800		112,384
Hunza Properties BHD	113,800		46,675
Hwang-DBS Malaysia BHD	105,200		42,876
IGB Corp. BHD	944,300		382,257
IJM Corp. Berhad *	543,200		748,609
Insas BHD *	466,600		41,577
Integrated Logistics BHD	155,100		30,811
Jaks Resources BHD *	246,000		36,329
Jaya Tiasa Holdings BHD	63,945		44,571
K & N Kenanga Holdings BHD	323,600		53,813
Karambunai Corp. BHD *	1,978,300		43,817
Keck Seng BHD	148,200		164,676
Kian Joo Can Factory BHD	517,600		174,260
Kim Loong Resources BHD	29,400		15,202
KLCC Property Holdings BHD	595,000		469,924
KPJ Healthcare BHD	97,000		86,995
KSL Holdings BHD	267,333		61,809
KUB Malaysia BHD *	534,400		45,894
Kulim Malaysia BHD	167,600		270,079
Kumpulan Hartanah Selangor BHD *	410,800		49,791

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

98

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia (continued)
Kwantas Corp. BHD	56,000	$	42,503
Land & General BHD *	163,200		10,359
Landmarks BHD	83,000		26,110
LBS Bina Group BHD *	210,000		18,454
Leader Universal Holdings BHD	639,800		106,175
Lion Corp. BHD *	549,100		61,357
Lion Industries Corp. BHD	422,500		155,626
MAA Holdings BHD *	133,400		23,688
Malaysia Building Society BHD	271,300		92,851
Malaysian Airline System BHD	188,000		189,430
Malaysian Plantations BHD	542,300		394,037
MBM Resources BHD	60,500		37,961
Measat Global BHD *	63,200		24,344
Mega First Corp. BHD	163,700		44,286
MK Land Holdings BHD	632,500		33,550
MNRB Holdings BHD	10,000		10,876
MTD ACPI Engineering BHD	141,900		20,779
Mulpha International BHD *	831,100		230,192
Naim Cendera Holdings, Ltd., Berhad	21,000		17,274
New Straits Times Press BHD	154,900		61,195
Nylex Malaysia BHD *	74,000		19,346
Oriental Holdings BHD	281,300		443,523
OSK Holdings BHD	452,600		187,426
OSK Property Holdings Bhd *	82,290		13,776
Padiberas Nasional BHD	364,500		138,700
Panasonic Manufacturing Malaysia BHD	48,200		148,847
PBA Holdings BHD	32,000		8,391
PJ Development Holdings BHD	480,100		70,777
POS Malaysia & Services Holdings BHD	437,700		229,667
PPB Group BHD	624,100		1,559,893
Protasco BHD	172,400		33,668
Proton Holdings BHD *	289,000		245,111
Ramunia Holdings BHD *	326,954		150,369
Ranhill BHD	372,100		78,366
RHB Capital BHD	265,300		310,472
Sarawak Energy BHD	350,300		242,662
Scientex, Inc. BHD	51,000		17,557
Scomi Group BHD	270,000		39,815
Selangor Dredging BHD	326,900		54,085
Shangri-La Hotels BHD	101,900		43,217
Shell Refining Company Federation
of  Malaya BHD	161,700		494,688
SHL Consolidated BHD *	172,300		56,557
Southern Steel BHD	36,000		20,286
Sunway City BHD	265,700		174,891
Sunway Holdings, Inc. BHD *	449,000		109,324
Suria Capital Holdings BHD	286,100		120,291
Symphony House BHD	70,840		5,273
TA Enterprise BHD	879,500		204,089
Tan Chong Motor Holdings BHD	507,300		245,159
TDM BHD	160,500		67,221
Tebrau Teguh BHD *	316,000		42,096
TH Group BHD	269,200		54,510
Time.com BHD *	1,035,600		94,768
Tradewinds Malaysia BHD	57,000		52,150
Tronoh Consolidated M Berhad	227,600		94,221

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia (continued)
Unisem M BHD	405,100	$	163,093
United Malacca BHD	65,200		114,198
V.S. Industry BHD	166,770		77,250
WTK Holdings BHD	268,500		125,224
YNH Property Berhad	252,200		103,150
YTL Corp. BHD	730,200		1,336,808
			17,892,565
Mexico - 10.74%
Alfa SA de CV	425,200		1,912,846
Alsea SAB de CV *	315,900		239,745
Cemex SA de CV, SADR *	596,966		10,279,755
Coca-Cola Femsa SAB de CV, SADR	26,500		1,337,190
Consorcio ARA SA de CV	245,900		137,154
Controladora Comercial Mexicana SA de CV	616,100		1,422,441
Corp Moctezuma SAB de CV	332,800		754,365
Corp. GEO SA de CV, Series B *	376,374		858,985
Embotelladoras Arca SA de CV	237,966		707,164
Empresas ICA SA de CV, SADR *	120,824		1,384,643
Empresas ICA Sociedad
Controladora SA de CV *	46,900		136,371
Fomento Economico Mexicano SA de CV,
SADR	240,775		9,183,158
GMD Resorts SAB de CV *	68,200		37,416
Gruma SA de CV, SADR *	43,786		350,288
Gruma SA de CV *	19,921		40,984
Grupo Aeroportuario del Pacifico SA de CV,
Series B, SADR	42,700		1,091,412
Grupo Aeroportuario del Sureste SA de CV,
SADR	28,167		1,398,773
Grupo Aeroportuario del Sureste SA de CV	28,700		141,027
Grupo Carso SA de CV	662,300		2,531,353
Grupo Cementos de Chihuahua SA de CV	35,500		139,578
Grupo Continential SA de CV	373,600		800,047
Grupo Financiero Banorte SA de CV	376,500		1,201,468
Grupo Financiero Inbursa SA de CV	1,233,300		4,240,121
Grupo Industrial Maseca SA de CV	53,900		44,356
Grupo Industrial Saltillo SA de CV	94,000		115,604
Grupo Kuo SA de CV *	164,000		92,973
Grupo Mexicano de Desarrollo, SAB *	68,200		153,406
Grupo Mexico SA	1,983,958		2,086,181
Grupo Simec SAB de CV *	192,500		563,251
Industrias CH SA de CV *	336,700		1,243,787
Organizacion Soriana SA de CV *	973,700		2,929,157
Qualitas Compania de Seguros SA de CV *	258,200		120,406
Urbi Desarrollos Urbanos SA de CV *	230,400		537,842
Vitro SA de CV, SADR	90,856		293,465
			48,506,712
Philippines - 0.50%
DMCI Holdings, Inc.	1,044,000		84,196
Empire East Land Holdings, Inc. *	2,990,000		21,453
Filinvest Development Corp.	730,000		28,271
Filinvest Land, Inc.	14,138,500		196,070
First Philippine Holdings Corp.	252,500		108,386
Megaworld Corp.	10,143,800		315,540
Metropolitan Bank & Trust Company	695,500		505,562
Philippine National Bank *	147,300		92,227

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

99

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Philippines (continued)
Rizal Commercial Banking Corp.	431,000	$	147,588
Robinsons Land Corp.	1,256,000		206,540
Security Bank Corp.	144,400		170,243
Union Bank of Philippines	214,600		120,919
Universal Robina Corp.	828,500		168,628
Vista Land & Lifescapes, Inc.	2,100,000		83,713
			2,249,336
Poland - 3.48%
ABG Ster-Projekt SA	69,660		165,298
Agora SA	42,379		485,181
Bank BPH SA *	9,909		287,681
Bank Zachodni WBK SA	2,991		192,597
Barlinek SA *	1,279		2,279
Bioton SA *	1,013,637		197,089
Boryszew SA *	21,543		27,345
Cersanit-Krasnystaw SA *	12,316		85,456
Ciech SA	13,483		290,263
Computerland SA *	10,584		101,033
Debica SA	7,768		223,477
Dom Development SA	4,443		52,370
Echo Investment SA *	249,879		424,982
Elstar Oils SA *	66,143		134,851
Emperia Holding SA	2,613		83,754
Fabryka Kotlow Rafako SA *	38,508		85,325
Fabryki Mebli Forte SA *	23,417		61,073
Farmacol SA *	11,755		150,333
Firma Chemiczna Dwory SA *	589,317		235,769
Getin Holding SA *	242,035		920,184
Grupa Kety SA	10,569		348,393
Grupa Lotos SA *	51,180		577,876
Impexmetal SA	74,050		66,704
KGHM Polska Miedz SA	112,119		2,374,846
Koelner SA *	8,726		44,792
Kredyt Bank SA	48,880		282,538
MNI SA *	58,918		69,248
Mondi Packaging Paper Swiecie SA *	11,014		191,833
Mostostal-Export SA *	22,710		20,567
Multimedia Polska SA	15,510		46,754
Netia SA *	270,254		297,326
Orbis SA	32,410		724,469
Pekaes SA	6,380		33,563
Pfleiderer Grajewo SA	3,224		16,482
Polnord SA *	10,463		225,204
Polski Koncern Miesny Duda SA *	84,749		101,991
Polski Koncern Naftowy Orlen SA	310,483		4,482,702
Przedsiebiorstwo Eksportu i Importu Kopex SA *	6,797		66,642
Softbank SA	48,756		1,267,452
Stalexport Autostrady SA *	151,027		118,678
Zaklady Tluszczowe Kruszwica SA	1,270		22,339
Zelmer SA	7,718		139,905
			15,726,644
South Africa - 9.15%
ABSA Group, Ltd.	24,760		328,164
Aeci, Ltd.	87,243		651,425
Afgri, Ltd.	219,629		132,291

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Africa (continued)
African Bank Investments, Ltd.	195,000	$	602,189
African Rainbow Minerals, Ltd.	98,885		1,899,626
Allied Electronics Corp., Ltd.	19,128		75,568
Allied Technologies, Ltd.	15,669		95,316
Argent Industrial, Ltd.	53,021		65,938
AVI, Ltd.	175,420		318,999
Barloworld, Ltd.	94,081		737,177
Capitec Bank Holdings, Ltd.	6,930		27,080
Caxton & CTP Publishers & Printers, Ltd.	164,927		235,141
Ceramic Industries, Ltd.	1,970		18,639
DataTec, Ltd. *	131,063		406,810
Dimension Data Holdings, Ltd.	249,960		186,623
Distell Group, Ltd.	5,779		30,531
Enaleni Pharmaceuticals, Ltd. *	242,238		76,330
Eqstra Holdings, Ltd. *	89,724		133,330
Freeworld Coatings, Ltd.	94,081		89,791
Gijima Ast Group, Ltd.	338,992		27,048
Gold Fields, Ltd., SADR	381,200		3,655,708
Gold Fields, Ltd.	3,784		36,517
Grindrod, Ltd.	35,005		76,440
Harmony Gold Mining Company, Ltd., SADR *	227,494		2,202,142
Hulamin, Ltd.	20,686		42,794
Iliad Africa, Ltd. *	57,223		59,224
Imperial Holdings, Ltd.	115,100		826,663
Investec, Ltd.	143,243		838,113
JD Group, Ltd.	89,562		327,794
Kap International Holdings, Ltd. *	189,283		37,444
Lewis Group, Ltd.	70,286		343,725
Liberty Group, Ltd.	99,395		815,132
Medi-Clinic Corp., Ltd.	32,455		71,415
Metair Investments, Ltd.	163,437		154,685
Metropolitan Holdings, Ltd.	482,415		650,818
Mittal Steel South Africa, Ltd.	181,714		3,667,024
Mondi, Ltd.	96,652		528,132
Mustek, Ltd.	76,041		33,226
Mvelaphanda Group, Ltd.	112,210		76,206
Nampak, Ltd. *	276,322		471,749
Naspers, Ltd.	3,706		73,198
Nedbank Group, Ltd.	143,194		1,813,109
Nu-World Holdings, Ltd. *	19,436		40,966
Oceana Group, Ltd.	43,289		111,587
Omnia Holdings, Ltd.	27,969		238,162
PSG Group, Ltd.	94,832		182,487
Sanlam, Ltd.	2,122,424		4,569,020
Santam, Ltd.	10,338		111,879
Sappi, Ltd., SADR	128,161		1,281,610
Sasol, Ltd., SADR	202,432		8,601,336
Standard Bank Group, Ltd.	120,181		1,381,360
Steinhoff International Holdings, Ltd. *	692,453		1,330,342
Super Group, Ltd. *	174,304		70,947
Telkom SA, Ltd., SADR	3,000		153,000
Tiger Wheels, Ltd. *	32,678		0
Trans Hex Group, Ltd.	70,871		58,650
Trencor, Ltd.	63,966		163,439
Value Group, Ltd.	178,661		65,206
			41,299,265

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

100

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea - 10.90%
Aekyung Petrochemical Company, Ltd.	1,660	$	34,898
Asia Cement Company, Ltd.	1,260		52,406
Asia Paper Manufacturing Company, Ltd.	1,600		10,393
Binggrae Company, Ltd.	1,000		28,098
BNG Steel Comapny, Ltd.	1,870		10,454
Bookook Securities Company, Ltd.	2,100		43,813
Boryung Pharmaceutical Company, Ltd.	1,174		26,190
BYC Company, Ltd.	240		35,675
Byucksan Corp.	1,580		18,720
Byucksan Engineering & Construction
Company, Ltd.	7,600		21,890
C. & Woobang Construction Company, Ltd. *	7,230		11,121
Cheil Industries, Inc.	15,330		673,422
Choil Aluminum Manufacturing Company, Ltd. *	1,630		9,878
Chokwang Leather Company, Ltd.	2,200		11,483
Chong Kun Dang Pharm Corp.	2,310		35,610
Choongwae Pharma Corp.	1,200		14,080
Chosun Refractories Company, Ltd.	650		51,039
Chungho Comnet Company, Ltd.	2,270		28,127
CJ Corp. *	6,655		263,276
Crown Confectionery Company, Ltd.	480		27,711
Dae Chang Industrial Company, Ltd.	26,000		14,890
Dae Dong Industrial Company, Ltd.	1,800		23,882
Dae Han Flour Mills Company, Ltd.	500		77,468
Dae Won Kang Up Company, Ltd.	15,000		26,656
Daeduck Electronics Company, Ltd.	15,400		48,124
Daeduck GDS Company, Ltd.	5,010		26,216
Daegu Bank	50,970		455,248
Daehan Synthetic Fiber Company, Ltd.	429		37,512
Daekyo Company, Ltd.	2,460		124,919
Daelim Industrial Company	8,751		543,672
Daelim Trading Company, Ltd.	1,417		5,080
Daesang Corp.	3,500		23,624
Daesung Industrial Company, Ltd.	900		72,321
Daewoo Electronic Components Company,
Ltd. *	46,470		5,336
Daewoo Engineering & Construction
Company, Ltd.	33,660		389,079
Daewoo Motor Sales Corp.	9,530		175,012
Daewoong Company, Ltd.	620		12,072
Dahaam E-Tec Company, Ltd.	300		7,603
Daishin Securities Company, Ltd.	16,040		254,207
Daiyang Metal *	4,090		8,099
Daou Technology, Inc.	12,600		52,423
DI Corp.	12,000		13,797
Digital Power Communications Company, Ltd.	13,000		11,901
Dong Ah Tire & Rubber Company, Ltd.	2,240		14,773
Dong Su Industrial Company, Ltd.	1,800		20,008
Dongbang Transport Logistics Company, Ltd.	5,500		19,282
Dongbu Corp.	6,900		45,785
Dongbu Hannong Chemicals Company, Ltd. *	9,400		68,021
Dongbu Securities Company, Ltd.	8,150		47,716
Dongbu Steel Company, Ltd.	7,360		69,119
Dong-Il Corp.	348		18,287
Dongil Rubber Belt Company, Ltd.	6,137		11,637
Dongkuk Steel Mill Company, Ltd.	15,090		466,013
Dongwon F & B Company, Ltd.	870		23,814

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Dongwon Industries Company, Ltd.	760	$	60,899
Dongyang Engineering & Construction Corp.	690		13,141
Dongyang Mechatronics Corp.	5,623		21,194
DPI Holdings Company, Ltd.	5,790		30,855
En Paper Manufacturing Company, Ltd. *	10,150		22,503
F&F Company, Ltd.	4,900		15,039
Fursys, Inc.	2,840		57,885
Gaon Cable Company, Ltd.	730		15,161
Global & Yuasa Battery Company, Ltd.	3,500		46,285
GS Holdings Corp.	16,030		412,339
Gwangju Shinsegae Company, Ltd.	200		21,439
H.S. R & A Company, Ltd.	2,200		14,415
Hae In Corp.	3,900		12,666
Halla Engineering & Construction Corp.	3,230		42,322
Hana Financial Group, Inc.	61,520		1,446,790
Handok Pharmaceuticals Company, Ltd.	1,000		12,907
Handsome Company, Ltd.	7,260		62,727
Hanil Cement Manufacturing Company, Ltd.	2,110		132,864
Hanil Construction Company, Ltd.	3,058		16,295
Hanil E-Wha Company, Ltd.	6,200		11,812
Hanjin Heavy Industries & Construction
Holdings Company, Ltd. *	6,430		101,064
Hanjin Shipping Company, Ltd.	27,740		645,827
Hanjin Transportation Company, Ltd.	3,340		121,970
Hankook Cosmetics Company, Ltd.	6,400		16,161
Hankook Tire Company, Ltd.	55,950		785,061
Hankuk Glass Industries, Inc.	1,970		47,265
Hankuk Paper Manufacturing Company, Ltd.	1,520		46,063
Hanmi Capital Company, Ltd.	5,310		41,740
Hanshin Construction Company, Ltd.	3,090		36,441
Hansol Chemical Company, Ltd.	2,900		20,754
Hansol Paper Company, Inc. *	12,950		172,638
Hanssem Company, Ltd.	3,800		28,061
Hanwha Chem Corp.	35,666		330,580
Hanwha Securities Company, Ltd.	15,502		108,542
Hanwha Timeworld Company, Ltd.	2,650		27,325
Hanyang Securities Company, Ltd.	2,430		24,507
Heung-A Shipping Company, Ltd.	6,660		12,240
Honam Petrochemical Corp.	7,420		427,619
Hotel Shilla Company, Ltd.	8,260		110,685
Husteel Company, Ltd.	2,300		41,589
Hwa Shin Company, Ltd.	14,700		30,503
Hwa Sung Industrial Company, Ltd.	2,730		15,419
Hwacheon Machine Tool Company, Ltd.	940		32,482
Hynix Semiconductor, Inc. *	79,990		1,325,479
Hyosung Corp.	11,560		612,232
Hyundai Cement Company, Ltd.	2,010		26,511
Hyundai Department Store Company, Ltd.	2,000		155,515
Hyundai DSF Company, Ltd.	2,300		21,931
Hyundai Elevator Company, Ltd.	881		58,727
Hyundai H & S Company, Ltd.	927		57,666
Hyundai Hysco Company, Ltd.	22,100		204,155
Hyundai Mipo Dockyard	2,996		438,767
Hyundai Motor Company, Ltd.	87,706		5,488,584
Hyundai Pharmaceutical Industrial Company,
Ltd.	15,500		40,136
Hyundai Securities Company, Ltd.	58,675		594,774

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

101

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Hyundai Steel Company	22,960	$	1,151,924
Il Dong Pharmaceutical Company, Ltd.	710		17,122
Iljin Diamond Company, Ltd.	661		7,434
Iljin Electric, Ltd.	3,211		9,667
Ilshin Spinning Company, Ltd.	370		20,478
Ilsung Pharmaceutical Company, Ltd.	990		90,017
Inzi Controls Company, Ltd.	6,050		18,265
Isu Chemical Company, Ltd.	1,700		18,120
Jahwa Electronics Company, Ltd.	4,300		19,575
Jeil Mutual Savings Bank	1,820		5,702
Jeil Pharmaceutical Company, Ltd. *	6,510		56,634
Jeonbuk Bank, Ltd.	9,973		52,727
Joongang Construction Company, Ltd. *	1,260		9,346
KC Tech Company, Ltd.	8,126		27,506
KCC Corp.	2,350		733,050
KCTC	1,530		19,801
Keangnam Enterprises, Ltd.	3,358		43,948
Keyang Electric Machinery Company, Ltd.	13,000		20,619
KG Chemical Corp. *	5,600		36,648
Kia Motors Corp. *	97,670		1,221,600
Kirin Company, Ltd. *	1,540		1,378
KISCO Corp. *	2,571		100,650
Kiswire, Ltd.	2,650		101,872
Kolon Engineering &
Construction Company, Ltd.	3,900		25,842
Kolon Industries, Inc. *	3,990		117,575
Korea Airport Service Company, Ltd.	760		27,322
Korea Cast Iron Pipe Industries Company, Ltd.	5,500		23,997
Korea Circuit Company, Ltd. *	5,300		13,960
Korea Development Corp.	3,750		24,002
Korea Development Financing Corp.	930		30,079
Korea Electric Terminal Company, Ltd.	1,300		20,442
Korea Exchange Bank	78,630		730,254
Korea Flange Company, Ltd.	4,810		44,736
Korea Investment Holdings Company, Ltd.	15,080		412,497
Korea Iron & Steel Company, Ltd.	778		30,457
Korea Kumho Petrochemical Company, Ltd.	6,110		202,391
Korea Mutual Savings Bank	1,980		32,356
Korea Polyol Company, Ltd.	887		42,774
Korea Zinc Company, Ltd.	944		76,354
Korean Air Lines Company, Ltd.	18,550		590,452
Korean Petrochemical Industrial Company,
Ltd.	2,430		59,487
KP Chemical Corp. *	27,370		129,469
KT Freetel Company, Ltd. *	49,600		1,229,160
KTB Network Corp. *	19,730		91,706
Kukdo Chemical Company, Ltd.	1,000		21,689
Kumho Industrial Company, Ltd.	9,700		189,259
Kumho Investment Bank	60,370		45,509
Kumho Tire Company, Inc.	20,600		131,984
Kumkang Industrial Company, Ltd.	1,400		11,568
Kunsul Chemical Industrial Company, Ltd. *	1,970		24,075
Kwang Dong Pharmaceutical Company, Ltd.	8,100		20,785
Kyeryong Construction
Industrial Company, Ltd.	2,510		38,781
Kyobo Securities Company, Ltd.	1,750		18,763
Kyung Nong Corp.	9,470		30,242

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Kyungbang, Ltd. *	480	$	44,022
Lee Ku Industrial Company, Ltd.	8,395		8,238
LG Chem, Ltd.	7,270		570,412
LG Dacom Corp.	20,260		359,857
LG Electronics, Inc.	29,780		2,755,505
LG International Corp.	10,930		228,248
LG Philips LCD Company, Ltd., ADR	152,600		1,938,020
Lotte Chilsung Beverage Company, Ltd.	311		228,517
Lotte Confectionery Company, Ltd.	400		344,052
Lotte Midopa Company, Ltd. *	10,660		85,903
Lotte Samkang Company, Ltd.	343		51,708
Lotte Shopping Company, Ltd.	2,861		650,884
Manho Rope & Wire, Ltd.	1,350		13,556
Meritz Investment Bank *	31,951		29,782
Meritz Securities Company, Ltd.	58,730		60,646
Moorim Paper Company, Ltd.	5,200		42,613
Namyang Dairy Products Company, Ltd.	180		87,096
Nexen Corp.	1,160		26,593
Nexen Tire Corp.	16,240		31,867
NH Investment & Securities Company, Ltd.	9,970		58,973
Nong Shim Company, Ltd.	1,400		257,128
Nong Shim Holdings Company, Ltd.	1,410		79,475
Ottogi Corp.	536		69,960
Pacific Corp.	510		52,417
Pang Rim Company, Ltd. *	910		10,714
PaperCorea, Inc.	2,800		14,890
Pohang Coated Steel Company, Ltd.	1,300		25,448
Poonglim Industrial Company, Ltd.	3,790		13,005
Poongsan Corp.	1,272		16,980
Poongsan Corp. *	6,767		56,067
Pulmuone Company, Ltd.	686		25,577
Pulmuone Company, Ltd. *	1,074		32,512
Pumyang Construction Company, Ltd.	970		11,480
Pusan Bank	62,020		560,245
Pusan City Gas Company, Ltd.	3,100		56,711
S&T Corp.	2,660		28,948
S&T Dynamics Company, Ltd.	10,410		105,105
Saehan Industries, Inc. *	15,310		101,464
Saehan Media Company, Ltd. *	4,273		7,534
Sam Kwang Glass Industrial Company, Ltd.	750		18,921
Sam Lip General Foods Company, Ltd.	2,300		15,694
Sam Young Electronics Company, Ltd.	2,950		25,385
Sam Yung Trading Company, Ltd.	4,300		14,879
Sambu Construction Company, Ltd.	1,200		24,092
Samhwa Paint Industrial Company, Ltd.	5,090		12,378
Samick Musical Instruments Company, Ltd. *	8,450		4,842
Samick THK Company, Ltd.	6,800		11,888
Samjin Pharmaceutical Company, Ltd.	3,470		28,968
Samsung Corp.	38,740		1,716,914
Samsung Electro-Mechanics Company, Ltd.	17,840		569,040
Samsung Fine Chemicals Company, Ltd.	7,370		330,411
Samsung SDI Company, Ltd. *	17,600		1,285,733
Samwhan Corp.	1,400		16,388
Samyang Corp.	2,080		64,390
Samyang Genex Company, Ltd.	930		48,242
Samyang Tongsang Company, Ltd.	1,360		36,983

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

102

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Savezone I & C Corp.	16,880	$	17,083
Seah Besteel Corp.	7,910		176,774
SeAH Holdings Corp.	1,010		83,227
SeAH Steel Corp.	770		39,345
Sebang Company, Ltd.	5,920		61,639
Sejong Industrial Company, Ltd.	4,700		20,467
Seoul Securities Company, Ltd.	81,640		112,955
Sgwicus Corp. *	8,400		12,124
SH Chemical Company, Ltd. *	30,567		22,489
Shin Poong Pharmaceutical Company, Ltd.	1,870		26,853
Shinhan Engineering & Construction
Company, Ltd. *	2,606		22,881
Shinhan Financial Group Company, Ltd.,
SADR	56,728		4,042,437
Shinheung Securities Company, Ltd.	3,800		67,954
Shinil Engineering Company, Ltd.	3,180		23,195
Shinsegae Engineering & Construction
Company, Ltd.	700		10,196
Shinsung ENG Company, Ltd.	3,900		32,297
Shinsung ENG Company, Ltd. *	1,950		9,031
Shinsung Engineering & Construction
Company, Ltd.	2,678		8,521
Shinsung FA Company, Ltd. *	1,950		8,482
Shinyoung Securities Company, Ltd.	2,636		89,728
Silla Company, Ltd.	3,180		34,656
Sindo Ricoh Company, Ltd.	2,840		136,476
SJM Company, Ltd.	5,800		25,028
SK Corp.	10,988		1,023,164
SK Gas Company, Ltd.	2,870		154,766
SKC Company, Ltd.	9,100		159,042
SL Corp.	3,400		14,035
Solomon Mutual Savings Bank	3,600		14,068
Songwon Industrial Company, Ltd. *	8,100		28,070
Ssangyong Cement Industrial Company, Ltd. *	20,770		150,436
Ssangyong Motor Company, Ltd. *	26,890		58,057
Suheung Capsule Company, Ltd.	2,800		13,326
Sung Bo Chemicals Company, Ltd.	950		19,482
Sung Chang Enterprise Company, Ltd. *	1,750		29,641
Sungjee Construction Company, Ltd.	1,400		11,664
Sungshin Cement Company, Ltd. *	5,760		26,598
Sunjin Company, Ltd.	1,260		21,278
Tae Kyung Industrial Company, Ltd.	10,000		39,616
Taegu Department Store Company, Ltd.	2,700		24,018
Taekwang Industrial Company, Ltd.	244		194,480
Taeyoung Engineering & Construction, Ltd.	9,690		43,007
Taihan Textile Company, Ltd. *	290		7,012
Tailim Packaging Industrial Company, Ltd.	30,000		20,304
Telcoware Company, Ltd.	3,800		22,071
Trybrands, Inc. *	3,528		9,940
TS Corp.	980		51,782
Uangel Corp.	3,800		17,108
Unid Company, Ltd.	1,200		36,872
Union Steel Company, Ltd. *	2,980		69,691
Wiscom Company, Ltd.	3,760		12,426
Woongjin Holdings Company, Ltd.	2,860		33,792
Woori Investment & Securities Company, Ltd.	32,620		510,579
Yesco Company, Ltd.	1,950		47,058

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Yoosung Enterprise Company, Ltd.	6,200	$	13,833
Youlchon Chemical Company, Ltd.	9,090		57,203
Young Poong Corp.	225		80,440
Young Poong Paper Manufacturing
Company, Ltd.	650		18,065
Youngone Corp.	11,950		90,841
Yuhwa Securities Company, Ltd.	3,410		43,911
			49,231,295
Taiwan - 10.83%
Acbel Polytech, Inc.	229,500		96,450
Accton Technology Corp. *	289,000		63,812
Achem Technology Corp.	103,000		40,226
AGV Products Corp. *	228,505		39,304
Ambassador Hotel Company, Ltd.	93,000		102,386
Ampoc Far-East Company, Ltd.	86,993		24,424
AmTRAN Technology Company, Ltd.	84,000		33,379
Arima Communication Corp. *	129,000		42,935
Arima Computer Corp. *	407,000		54,369
Arima Optoelectronics Corp. *	85,000		20,676
Asia Polymer Corp.	111,000		56,169
Asia Vital Components Company, Ltd.	87,870		38,283
AU Optronics Corp. ADR	389,100		4,420,176
Audix Corp.	81,200		32,839
Avision, Inc.	77,751		24,549
Bank of Kaohsiung, Ltd.	201,760		56,424
Basso Industry Corp. *	71,000		42,520
Behavior Technology Computer Corp. *	103,400		16,835
BenQ Corp.	339,000		130,011
BES Engineering Corp.	770,700		150,709
Biostar Microtech International Corp.	85,280		24,284
C Sun Manufacturing, Ltd.	83,480		26,184
Carnival Industrial Corp. *	198,000		29,592
Cathay Chemical Works, Inc.	93,000		21,304
Cathay Real Estate Development
Company, Ltd.	563,000		158,735
Central Reinsurance Company, Ltd.	209,422		63,287
Chain Qui Development Company, Ltd.	75,000		30,364
Champion Building Materials Comapny, Ltd. *	174,000		43,945
Chang Hwa Commercial Bank, Ltd.	2,683,000		1,369,610
Charoen Pokphand Enterprise Company, Ltd.	125,000		40,276
Cheng Loong Corp.	536,000		127,913
Cheng Uei Precision Industry Company, Ltd.	76,650		135,874
Chenming Mold Industrial Corp.	132,709		36,802
Chi Mei Optoelectronics Corp.	2,686,400		1,768,814
Chia Hsin Cement Corp. *	301,457		123,840
Chien Shing Stainless Steel Company, Ltd. *	199,000		25,476
Chilisin Electronics Corp.	96,900		28,130
China Airlines, Ltd. *	989,680		214,798
China Chemical & Pharmaceutical Company,
Ltd.	129,000		42,252
China Development Financial Holdings Corp.	6,601,287		2,001,535
China Electric Manufacturing Corp.	175,000		63,051
China General Plastics Corp. *	140,000		28,811
China Glaze Company, Ltd.	109,203		22,339
China Life Insurance Company, Ltd. *	39,000		17,295
China Manmade Fibers Corp. *	604,000		91,389

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

103

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
China Motor Company, Ltd.	427,125	$	144,270
China Petrochemical Development Corp. *	1,022,000		246,366
China Steel Structure Company, Ltd.	94,000		41,417
China Synthetic Rubber Corp.	180,000		133,234
China Wire & Cable Company, Ltd. *	110,000		20,465
Chin-Poon Industrial Company, Ltd.	158,000		71,589
Chun Yu Works & Company, Ltd.	155,000		37,338
Chun Yuan Steel Industrial Company, Ltd.	308,568		105,319
Chung Hsin Electric & Machinery
Manufacturing Corp.	110,000		45,967
Chung Hwa Pulp Corp.	273,000		93,999
Chunghwa Picture Tubes, Ltd.	4,331,000		688,915
CMC Magnetics Corp. *	1,823,000		365,307
Collins Company, Ltd. * (c)	186,000		51,061
Compeq Manufactuing Company, Ltd.	556,000		121,768
Continental Engineering Corp.	412,000		126,546
Da-Cin Construction Company, Ltd.	218,000		83,010
Delpha Construction Company, Ltd. *	181,000		23,376
D-Link Corp.	252,960		218,726
E.Sun Financial Holding Company, Ltd.	2,228,720		602,242
Eastern Media International Corp.	624,048		87,337
Eclat Textile Company, Ltd.	92,700		25,475
Edom Technology Company, Ltd.	71,000		23,176
Elite Material Company, Ltd.	117,798		33,966
Elitegroup Computer Systems Company, Ltd.	570,793		130,190
Enlight Corp.	163,769		8,416
Eternal Chemical Company, Ltd.	279,400		167,085
EVA Airways Corp. *	996,000		253,202
Everest Textile Company, Ltd.	230,000		30,982
Evergreen International Storage & Transport
Corp.	550,000		268,445
Evergreen Marine Corp.	790,000		360,681
Everlight Chemical Industrial Corp.	171,000		80,929
Everspring Industry Company, Ltd. *	138,000		20,256
Evertop Wire Cable Corp. *	147,414		26,285
Excel Cell Electronic Company, Ltd.	34,000		10,709
Far Eastern Department Stores Company, Ltd.	342,000		225,332
Far Eastern International Bank *	967,000		188,494
Federal Corp.	234,598		87,579
Feng TAY Enterprise Company, Ltd.	174,000		91,830
First Copper Technology Company, Ltd.	104,000		20,534
First Insurance Company, Ltd.	122,475		32,335
Formosa Chemicals & Fibre Corp.	1,412,000		2,450,377
Formosa Taffeta Company, Ltd.	579,000		373,218
Formosan Rubber Group, Inc.	235,000		82,629
Formosan Union Chemical *	160,336		51,410
FU I Industrial *	202,000		47,937
Fubon Group Company, Ltd.	947,000		685,279
Fwusow Industry Company, Ltd.	101,970		23,550
Gigabyte Technology Company, Ltd.	450,000		233,798
Gigastorage Corp. *	146,000		17,898
Gold Circuit Electronics, Ltd.	301,800		94,144
Goldsun Development & Construction
Company, Ltd.	732,175		199,235
Gordon Auto Body Parts Company, Ltd.	50,181		12,383
Grand Pacific Petrochemical Corp. *	285,000		48,823
Grape King, Inc.	108,000		46,530

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Great China Metal Industry Company, Ltd.	90,000	$	31,513
GTM Corp.	113,000		33,323
Hey Song Corp.	219,000		69,876
Hitron Technology, Inc. *	45,000		7,562
Ho Tung Chemical Corp. *	308,000		76,493
Hocheng Group Corp. *	229,500		48,418
Hold-Key Electric Wire & Cable Company, Ltd. *	138,000		30,321
Hong TAI Electric Industrial	164,000		57,419
Hsin Kuang Steel Co Ltd *	66,000		36,316
Hsing TA Cement Company, Ltd.	232,000		56,868
Hua Eng Wire & Cable Company, Ltd.	333,000		63,587
Hua Nan Financial Holdings Company, Ltd.	616,080		383,078
Hung Ching Development Company, Ltd.	166,000		37,754
Hung Sheng Construction Company, Ltd.	287,000		79,015
Hwa Fong Rubber Company, Ltd. *	77,770		12,352
Ichia Technologies, Inc.	111,180		41,477
International Semiconductor Technology, Ltd. *	143,000		27,720
Inventec Company, Ltd.	1,115,100		547,720
Jui Li Enterprise Company, Ltd.	65,000		12,272
K Laser Technology, Inc.	82,214		35,121
Kang Na Hsiung Enterprise Company, Ltd.	79,000		28,099
Kao Hsing Chang Iron & Steel Corp. *	447,000		84,684
Kaulin Manufacturing Company, Ltd.	75,710		39,454
KEE TAI Properties Company, Ltd.	85,430		20,458
Kenda Rubber Industrial Company, Ltd. *	79,550		37,399
Kindom Construction Company, Ltd.	194,000		46,391
King Yuan Electronics Company, Ltd.	540,378		183,983
King's Town Bank *	581,000		135,676
Kinpo Electronics, Inc.	805,269		187,180
Kwong Fong Industries Corp. *	231,000		31,405
Lan Fa Textile Company, Ltd.	169,781		30,325
Lead Data, Inc. *	182,000		17,358
Lealea Enterprise Company, Ltd. *	322,350		40,709
LEE CHI Enterprises Company, Ltd.	118,000		29,224
Leofoo Development Company, Ltd. *	86,000		41,179
Li Peng Enterprise Company, Ltd. *	292,864		35,811
Lien Hwa Industrial Corp.	324,316		106,023
Lingsen Precision Industries, Ltd.	146,178		37,005
Lite-On Technology Corp.	1,324,590		1,157,188
Long Bon Development Company, Ltd.	258,601		89,432
Long Chen Paper Company, Ltd. *	229,797		51,174
Lucky Cement Corp.	167,000		31,542
Macronix International Company, Ltd.	2,123,535		622,861
Mega Financial Holding Company, Ltd.	5,978,000		2,741,249
Meiloon Industrial Company, Ltd.	103,048		31,360
Mercuries & Associates, Ltd.	243,600		65,713
Mercuries Data Systems, Ltd. *	204,000		40,326
Microelectronics Technology	94,000		36,775
Micro-Star International Company, Ltd.	552,173		252,072
Mitac International	778,956		377,953
Mitac Technology Corp.	221,000		92,139
Mobiletron Electronics Company, Ltd.	56,000		20,241
Mustek Systems, Inc. *	130,000		5,563
Namchow Chemical Industrial Company, Ltd. *	180,000		27,257
Nanya Technology Corp. *	1,882,864		439,289
Nien Hsing Textile Company, Ltd.	259,000		84,970

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

104

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Optimax Technology Corp. *	285,000	$	22,734
Oriental Union Chemical Corp.	311,000		171,192
Pacific Construction Company, Ltd. *	160,000		13,643
Pan Jit International, Inc.	100,978		52,640
Pan-International Industrial Company, Ltd.	228,900		272,429
Phihong Technology Company, Ltd.	148,919		44,644
Phoenix Precision Technology Corp.	440,997		165,875
Prince Housing Development Corp.	412,000		82,628
Prodisc Technology, Inc. *	762,000		35,255
Quintain Steel Company, Ltd. *	164,000		34,327
Radium Life Tech Company, Ltd. *	150,000		51,222
Ralec Electronic Corp.	39,000		21,970
Reward Wool Industry Corp.	186,000		26,711
Rexon Industrial Corp., Ltd. *	80,000		9,464
Ritek Corp. *	1,544,000		244,193
Sampo Corp. *	581,000		64,735
Sanyang Industrial Company, Ltd.	353,924		91,220
Sanyo Electric Taiwan Company, Ltd.	38,000		28,651
SDI Corp.	68,000		31,914
Sesoda Corp.	69,750		73,457
Sheng Yu Steel Company, Ltd.	110,000		75,636
Shin Kong Financial Holding Company, Ltd.	2,132,398		736,829
Shinkong Insurance Company, Ltd.	180,621		61,613
Shinkong Spinning Company, Ltd.	61,000		26,372
Shinkong Synthetic Fibers Corp. *	675,000		122,560
Shuttle, Inc.	122,000		32,294
Sigurd Microelectronics Corp.	171,293		63,187
Silicon Integrated Systems Corp. *	574,000		98,431
Sinon Corp.	164,000		51,264
SinoPac Holdings Company, Ltd.	4,396,000		1,228,027
Sintek Photronic Corp. *	252,780		72,761
Siward Crystal Technology Company, Ltd.	61,156		26,183
Solomon Technology Corp. *	97,900		24,633
Southeast Cement Company, Ltd.	295,000		73,416
Spirox Corp.	131,348		47,342
Standard Chemical & Pharma	65,000		34,538
Standard Foods Corp.	98,000		65,859
Stark Technology, Inc.	95,000		36,864
Sunonwealth Electric Machine Industry
Company, Ltd.	87,980		50,988
Sunplus Technology Company, Ltd.	271,945		126,288
T JOIN Transportation Company, Ltd. *	196,000		82,666
Ta Chen Stainless Pipe Company, Ltd.	166,000		84,667
Ta Chong Bank, Ltd. *	1,349,000		304,958
Ta Ya Electric Wire & Cable Company, Ltd.	282,244		51,307
Tah Hsin Industrial Company, Ltd.	120,000		51,163
TA-I Technology Company, Ltd.	109,217		53,884
Taichung Commercial Bank *	656,000		183,780
Tainan Enterprises Company, Ltd.	71,000		44,229
Tainan Spinning Company, Ltd.	798,000		183,103
Taishin Financial Holdings Company, Ltd.	4,058,000		802,799
Taisun Enterprise Company, Ltd. *	150,000		25,897
Taita Chemical Company, Ltd.	103,000		19,184
Taiwan Acceptance Corp.	30,000		17,312
Taiwan Business Bank *	1,850,000		455,716
Taiwan Cement Corp.	18,000		10,758

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Taiwan Cooperative Bank	2,199,467	$	1,224,241
Taiwan Fire & Marine Insurance Company, Ltd.	71,000		39,176
Taiwan Fu Hsing Industrial Company, Ltd.	86,000		32,527
Taiwan Glass Industrial Corp.	511,349		293,289
Taiwan Kolin Company, Ltd. *	327,000		7,108
Taiwan Life Insurance Company, Ltd.	39,900		23,559
Taiwan Mask Corp.	182,000		69,568
Taiwan Paiho, Ltd.	101,200		44,280
Taiwan Pulp & Paper Corp. *	176,000		46,103
Taiwan Sakura Corp.	100,998		21,142
Taiwan Styrene Monomer Corp.	258,159		59,855
Taiwan Tea Corp. *	382,000		125,879
Taiyen Biotech Company, Ltd.	115,000		43,685
Tatung Company, Ltd. *	2,291,000		500,103
Teapo Electronic Corp. *	205,000		22,758
Teco Electric & Machinery Company, Ltd.	1,256,000		440,694
Tecom Company, Ltd. *	108,000		32,566
Test-Rite International Company, Ltd.	198,970		108,333
Tex-Ray Industrial Company, Ltd.	90,000		15,333
Ton Yi Industrial Corp.	664,000		255,201
Tong Yang Industry Company, Ltd.	190,800		96,628
Twinhead International Corp. *	224,000		19,165
TYC Brother Industrial Company, Ltd. *	139,000		54,012
Tycoons Group Enterprise Company, Ltd. *	238,000		46,464
Tze Shin International Company, Ltd.	62,328		27,335
Union Bank of Taiwan *	842,000		113,357
Unitech Electronics Company, Ltd.	101,299		36,607
Unitech Printed Circuit Board Corp.	249,550		99,177
United Integrated Services Company, Ltd.	99,000		53,806
United Microelectronics Corp.	9,087,794		2,927,177
Unity Opto Technology Company, Ltd. *	98,000		41,079
Universal Cement Corp. *	329,108		163,378
Universal Scientific Industrial Company, Ltd.	543,891		178,020
UPC Technology Corp.	402,374		145,203
USI Corp.	329,000		123,772
U-Tech Media Corp.	180,000		29,511
Ve Wong Corp. *	61,000		21,934
Walsin Lihwa Corp.	1,814,000		493,106
Walsin Technology Corp.	290,064		93,801
Wan Hai Lines, Ltd.	502,000		225,348
Waterland Financial Holding Company	1,093,007		226,019
Wei Chih Steel Industrial Company, Ltd. *	100,000		25,803
Winbond Electronics Corp. *	2,274,000		279,002
Wintek Corp.	720,000		288,768
WUS Printed Circuit Company, Ltd. *	555,000		69,861
Yageo Corp.	1,658,000		335,498
Yang Ming Marine Transport Corp.	924,709		322,836
Yeun Chyang Industrial Company, Ltd.	197,822		87,561
Yi Jinn Industrial Company, Ltd. *	219,800		31,884
Yieh Phui Enterprise Company, Ltd.	754,887		270,564
Yosun Industrial Corp.	81,187		42,959
Yuen Foong Yu Paper Manufacturing
Company, Ltd.	783,982		203,687
Yulon Motor Company, Ltd.	508,827		280,554
Yung Chi Paint & Varnish Manufacturing
Company, Ltd.	63,787		60,337
Yungtay Engineering Company, Ltd.	177,000		71,427

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

105

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Zig Sheng Industrial Company, Ltd.	207,264	$	27,817
Zippy Technology Corp.	82,950		29,810
Zyxel Communications Corp.	204,015		135,057
			48,920,548
Thailand - 2.30%
Aapico Hitech PCL	120,600		24,220
Adkinson Securities PCL *	2,245,200		35,143
Asia Plus Securities PCL	440,200		25,611
Bangkok Aviation Fuel Services PCL	139,371		31,282
Bangkok Bank PCL, Foreign Shares	30,000		91,914
Bangkok Bank PCL, NVDR	1,131,100		3,455,128
Bangkok Expressway PCL	320,600		149,601
Bangkok Insurance PCL	1,500		10,100
Bangkok Land PCL *	3,886,065		41,317
Cal-Comp Electronics Thailand PCL	903,000		90,673
Capital Nomura Securities PCL	25,000		15,660
Charoen Pokphand Foods PCL	2,900,700		347,810
CS Loxinfo PCL	394,400		32,381
Delta Electronics Thailand PCL	293,600		137,869
Eastern Water Resources Development &
Management PCL	295,200		32,955
Golden Land Property PCL	37,000		4,917
Hemaraj Land & Development PCL	4,907,500		153,631
Home Product Center PCL	358,382		46,359
Jasmine International PCL *	5,110,500		60,372
KGI Securities Thailand PCL	1,851,200		66,153
Kiatnakin Finance PCL	238,300		119,643
Krung Thai Bank PCL	4,227,200		755,303
Krungthai Card PCL	134,500		58,789
Loxley PCL *	1,513,100		94,736
MBK PCL	46,300		84,095
Nakornthai Strip Mill PCL *	12,761,300		90,452
National Finance PCL	874,200		273,672
Padaeng Industry PCL	79,100		42,283
Polyplex PCL	372,400		65,989
Power Line Engineering PCL	224,700		14,201
Pranda Jewelry PCL	214,300		43,354
PTT Chemical PCL	567,100		971,406
Quality House PCL	3,885,800		200,831
Regional Container Lines PCL	209,100		81,516
Robinson Department Store PCL	154,900		37,513
Saha-Union PCL	157,500		78,611
Sahaviriya Steel Industries PCL	5,606,100		114,241
Samart Corp. PCL	158,500		27,852
Sansiri PCL	965,300		61,008
SC Asset Corp. PCL	168,200		33,531
Seamico Securities PCL	416,000		27,766
Serm Suk PCL *	86,700		32,775
Shin Satellite PCL *	488,500		61,459
Siam City Bank PCL *	282,900		66,840
Siam Commercial Bank PCL	490,700		992,704
Sino Thai Engineering & Construction PCL *	314,900		27,528
Sri Trang Agro-Industry PCL	60,500		21,620
Supalai PCL	991,500		80,234
Tata Steel Thailand PCL	1,714,200		74,927
Thai Oil Public Company, Ltd.	21,000		25,738

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Thailand (continued)
Thai Plastic & Chemical PCL	352,400	$	184,214
Thai Union Frozen Products PCL	312,600		180,950
Thoresen Thai Agencies PCL	85,600		65,098
Tipco Asphalt PCL	97,100		38,714
Tisco Bank PCL, Foreign	54,700		24,344
TMB Bank PCL *	8,802,191		259,958
TPI Polene PCL *	800,000		75,606
Vanachai Group PCL	672,300		54,801
			10,397,398
Turkey - 3.38%
Adana Cimento Sanayii TAS	141,558		49,739
Akbank AS	107,494		550,319
Akcansa Cimento AS	26,469		82,782
Akenerji Elektrik Uretim AS *	28,238		218,225
Aksa Akrilik Kimya Sanayii AS *	52,488		68,765
Aksigorta AS	148,926		507,275
Alarko Holding AS	47,896		82,342
Alkim Alkali Kimya AS	9,413		44,452
Altinyildiz Mensucat ve Konfeksiyon
Fabrikalari AS *	14,167		62,025
Anadolu Cam Sanayii AS *	92,357		115,962
Anadolu Isuzu Otomotiv Sanayi AS	6,122		30,447
Anadolu Sigorta AS	204,928		163,794
Arcelik AS	22,026		61,575
Ayen Enerji AS *	53,740		77,959
Aygaz AS *	114,663		213,463
Bati Cimento AS	7,206		35,308
BatiSoke AS	16,968		16,617
Bolu Cimento Sanayii AS	79,896		89,207
Borusan Mannesmann Boru Sanayi AS	5,559		42,821
Bossa Ticaret ve Sanayi Isletmeleri TAS	57,084		61,696
Brisa Bridgestone Sabanci Lastik San ve Tic
AS	832		30,217
BSH Ev Aletleri Sanayi ve Ticaret AS	2,182		38,377
Cemtas Celik Makina Sanayi ve Ticaret AS	67,700		54,688
Cimsa Cimento Sanayi ve Ticaret AS	47,762		183,818
Dogan Sirketler Grubu Holdings AS *	640,222		741,925
Dogan Yayin Holding AS *	20,000		23,129
Dogus Otomotiv Servis ve Ticaret AS	48,187		107,111
Eczacibasi Ilac Sanayi AS	163,689		146,009
Eczacibasi Yapi Gerecleri Sanayi ve Ticaret
AS *	33,480		48,471
Eregli Demir ve Celik Fabrikalari TAS	569,837		2,866,079
Ford Otomotiv Sanayi AS	12,225		66,145
Gentas Genel Metal Sanayi ve Ticaret AS	43,807		35,936
Global Yatirim Holding AS *	112,799		63,617
Goldas Kuyumculuk Sanayi AS *	54,846		49,001
Goodyear Lastikleri TAS *	2,606		20,221
GSD Holding AS *	219,149		169,106
Gunes Sigorta AS	31,528		66,726
Hektas Ticaret TAS	57,406		40,864
Hurriyet Gazetecilik AS *	31,573		32,179
Izmir Demir Celik Sanayi AS	26,754		51,143
Kardemir Karabuk Demir Celik Sanayi ve
Ticaret AS *	137,304		99,396
Kartonsan Karton Sanayi ve Ticaret AS	1,065		43,504

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

106

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Turkey (continued)
KOC Holdings AS *	159,507	$	482,570
Konya Cimento Sanayii AS	708		18,832
Kordsa Global Endustriyel Iplik ve Kord Bezi
Sanayi ve Ticaret Anonim Sirketi AS *	76,519		100,339
Marmaris Marti Otel Isletmeleri AS *	100,968		44,812
Menderes Tekstil Sanayi ve Ticaret AS *	126,375		30,762
Mutlu Aku ve Malzemeleri Sanayi AS *	28,331		41,161
Net Turizm Ticaret ve Sanayi AS *	98,338		41,829
Nortel Networks Netas Telekomunikasyon AS	3,939		36,248
Parsan Makina Parcalari Sanayii AS *	40,197		51,347
Pinar Entegre Et ve Un Sanayi AS	36,324		72,887
Pinar Sut Mamulleri Sanayii AS	25,633		78,148
Sanko Pazarlama Ithalat Ihracat AS *	20,076		37,283
Sarkuysan Elektrolitik Bakir AS	32,233		59,925
Selcuk Ecza Deposu Ticaret ve Sanayi A.S. *	44,848		44,794
Tekstil Bankasi A.S. *	24,002		6,239
Tekstil Bankasi AS *	60,005		60,998
Tofas Turk Otomobil Fabrik AS	21,462		44,434
Trakya Cam Sanayi AS *	218,342		215,370
Tupras Turkiye Petrol Rafine AS	18,264		333,176
Turcas Petrolculuk AS	13,992		47,702
Turk Ekonomi Bankasi AS *	30,000		29,670
Turk Sise ve Cam Fabrikalari AS *	405,141		495,359
Turkiye Is Bankasi AS	1,093,142		4,533,437
Turkiye Vakiflar Bankasi Tao	322,250		527,301
Ulker Gida Sanayi ve Ticaret AS	26,738		56,070
Usas Ucak Servisi AS *	27,986		22,532
Uzel Makina Sanayi AS *	20,846		12,808
Uzel Makina Sanayi AS *	2,085		1,280
Vestel Elektronik Sanayi ve Tracaret AS *	71,840		80,120
Zorlu Enerji Elektrik Uretim AS *	33,714		113,171
			15,273,039
United States - 1.28%
KB Financial Group, Inc. *	111,653		5,101,426
Patni Computer Systems, Ltd., SADR	3,538		27,419
Sterlite Industries India, Ltd.	70,559		635,737
			5,764,582
TOTAL COMMON STOCKS (Cost $603,007,203)		$	432,216,182
PREFERRED STOCKS - 3.44%
Brazil - 3.44%
Banco Sofisa SA (i)	11,700		28,222
Bardella SA Industrias Mecanicas * (i)	916		123,905
Brasmotor SA (i)	88,000		21,735
Companhia de Tecidos Norte de Minas SA * (i)	5,000		12,612
Confab Industrial SA (i)	56,693		157,605
Contax Participacoes SA (i)	1,900		39,949
Fabrica de Produtos Alimenticios Vigor SA * (i)	96,000		256,787
Forjas Taurus SA * (i)	11,400		27,798
Klabin SA (i)	18,200		37,875
Mahle-Metal Leve SA Industria e Comercio	1,500		24,042
Marcopolo SA * (i)	103,400		271,147
Metalurgica Gerdau SA (i)	332,600		5,191,140
Petroquimica Uniao SA (i)	7,318		56,109
Sao Paulo Alpargatas SA * (i)	1,700		54,138

Emerging Markets Value Trust (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS (continued)
Brazil (continued)
Saraiva SA Livreiros Editores (i)	4,500	$	56,732
Suzano Papel e Celulose SA * (i)	137,900		1,177,611
Telemar Norte Leste SA, Series A (i)	100,000		3,074,255
Uniao de Industrias Petroquimicas SA, Series
B (i)	393,800		211,086
Universo Online SA (i)	11,200		42,966
Usinas Siderurgicas de Minas Gerais SA,
Series A (i)	217,800		4,636,648
Whirlpool SA (i)	10,500		15,064
			15,517,426
TOTAL PREFERRED STOCKS (Cost $15,710,547)		$	15,517,426
WARRANTS - 0.01%
India - 0.00%
Cholamandalam DBS Finance, Ltd.
(Expiration Date 12/31/2049, Strike
Price INR 140.00) *	4,517		1,015
Malaysia - 0.01%
Bandar Raya Developments BHD
(Expiration Date 09/26/2012, Strike
Price MYR 1.10) *	108,360		12,276
IJM Land Berhad
(Expiration Date: 09/11/2013, Strike
Price: MYR 1.35) *	54,320		3,550
			15,826
Thailand - 0.00%
Bangkok Land Public Company, Ltd.
(Expiration Date 05/02/2013, Strike
Price THB 1.10) *	2,459,535		5,085
TOTAL WARRANTS (Cost $3,144)		$	21,926
RIGHTS - 0.00%
Brazil - 0.00%
Cosan SA Industria e Comercio (Expiration
Date: 10/22/2008, Strike Price: BRL 16.00) *	1,614		102
India - 0.00%
Tata Investment Corp., Ltd. (Expiration Date:
10/16/2008, Strike Price: INR 650.00) *	1,286		0
Tata Motors, Ltd. (Expiration Date:
10/20/2008, Strike Price: INR 340.00) *	24,858		2,064
Tata Motors, Ltd., Series A (Expiration Date:
10/20/2008, Strike Price: INR 305.00) *	24,858		0
			2,064
Poland - 0.00%
Barlinek SA (Strike Price PLN 1.40) *	1,279		1,489
South Africa - 0.00%
Super Group, Ltd.	87,152		421
TOTAL RIGHTS (Cost $0)		$	4,076

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

107

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Markets Value Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.17%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$5,289,184 on 10/01/2008,
collateralized by $5,365,000
Federal Home Loan Bank, 2.275%
due 04/24/2009 (valued at
$5,398,531, including interest)	$	5,289,000	$	5,289,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,289,000)			$	5,289,000
Total Investments (Emerging Markets Value Trust)
(Cost $624,009,894) - 100.33%			$	453,048,610
Liabilities in Excess of Other Assets - (0.33)%				(1,475,050)
TOTAL NET ASSETS - 100.00%			$	451,573,560

The portfolio had the following five top industry concentrations as of September 30, 2008 (as a percentage of total net assets):

Banking	15.93%
Financial Services	6.81%
Food & Beverages	5.27%
Steel	4.51%
Automobiles	4.50%

Emerging Small Company Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 98.45%
Communications - 5.85%
Centennial Communications Corp., Class A *	177,599	$	1,108,218
Central European Media Enterprises, Ltd.,
Class A *	22,738		1,487,065
Comtech Telecommunications Corp. *	28,268		1,391,916
Moneysupermarket.com Group PLC	932,750		945,408
NTELOS Holdings Corp.	50,320		1,353,105
Switch & Data Facilities Company, Inc. *	106,560		1,326,672
Vocus, Inc. *	33,915		1,151,753
			8,764,137
Consumer, Cyclical - 12.72%
American Eagle Outfitters, Inc.	79,835		1,217,484
Brown Shoe, Inc.	100,145		1,640,375
Central European Distribution Corp. *	44,405		2,016,431
China Dongxiang Group Company	3,008,000		866,705
Deckers Outdoor Corp. *	15,960		1,661,117
Dollar Tree, Inc. *	21,141		768,687
DTS, Inc. *	50,415		1,403,049
Finish Line, Inc.	88,125		880,369
Foot Locker, Inc.	41,830		675,973
Gafisa S.A., SADR (a)	49,760		1,278,832
Gymboree Corp. *	37,080		1,316,340
Kier Group PLC	22,920		322,202
Lululemon Athletica, Inc. * (a)	71,506		1,646,783
Titan International, Inc.	29,606		631,200
True Religion Apparel, Inc. *	31,255		807,942

Emerging Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Warnaco Group, Inc. *	42,270	$	1,914,408
			19,047,897
Consumer, Non-cyclical - 30.12%
Abiomed, Inc. *	46,770		830,167
Alberto-Culver Company	36,123		983,991
Alliance Imaging, Inc. *	75,100		771,277
Amedisys, Inc. *	34,775		1,692,499
American Public Education, Inc. *	19,385		935,908
BioMarin Pharmaceutical, Inc. *	35,635		943,971
Capella Education Company *	23,868		1,022,982
Celera Corp. *	125,492		1,938,851
Chattem, Inc. *	20,591		1,609,804
Conceptus, Inc. * (a)	48,245		799,902
Eurand NV *	111,361		2,022,316
Forrester Research, Inc. *	27,960		819,787
Genoptix, Inc. *	50,140		1,638,074
HMS Holdings Corp. *	53,676		1,286,077
ICON PLC, SADR *	35,716		1,366,137
Illumina, Inc. *	48,560		1,968,137
Immucor, Inc. *	50,367		1,609,729
Masimo Corp. *	28,925		1,076,010
Natus Medical, Inc. *	51,305		1,162,571
OSI Pharmaceuticals, Inc. *	19,000		936,510
Parexel International Corp. *	58,210		1,668,299
PSS World Medical, Inc. *	78,685		1,534,357
Psychiatric Solutions, Inc. *	47,895		1,817,615
Sixt AG	19,125		412,645
Sligro Food Group NV	26,666		803,536
Spartan Stores, Inc.	72,070		1,793,102
Sun Healthcare Group, Inc. *	116,045		1,701,220
Team, Inc. *	32,500		1,173,900
The Geo Group, Inc. *	56,966		1,151,283
United Therapeutics Corp. *	14,847		1,561,459
Volcano Corp. *	88,375		1,528,004
Watson Wyatt Worldwide, Inc., Class A	12,338		613,569
Wright Express Corp. *	40,205		1,200,119
Wright Medical Group, Inc. *	50,395		1,534,024
Zoll Medical Corp. *	36,355		1,189,536
			45,097,368
Energy - 8.37%
Arena Resources, Inc. *	26,707		1,037,567
Carrizo Oil & Gas, Inc. *	29,100		1,055,457
Concho Resources, Inc. *	62,116		1,715,023
Core Laboratories N.V.	12,347		1,250,998
Dana Petroleum PLC *	41,645		887,649
Dawson Geophysical Company *	29,170		1,361,947
Goodrich Petroleum Corp. *	20,865		909,505
James River Coal Company *	19,080		419,569
JKX Oil & Gas PLC	113,775		568,159
Parker Drilling Company *	135,300		1,085,106
Penn Virginia Corp.	15,269		815,975
Rex Energy Corp. *	43,705		688,791
Superior Energy Services, Inc. *	23,540		733,036
			12,528,782

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

108

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Emerging Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial - 8.10%
Affiliated Managers Group, Inc. *	15,925	$	1,319,387
Alexandria Real Estate Equities, Inc., REIT	12,350		1,389,375
Argo Group International Holdings, Ltd. *	24,574		905,552
FCStone Group, Inc. *	43,400		780,766
Flughafen Wien AG	13,555		854,543
GFI Group, Inc.	181,000		852,510
PrivateBancorp, Inc.	38,050		1,585,163
Riskmetrics Group, Inc. *	48,425		947,677
Stifel Financial Corp. *	21,533		1,074,497
Tower Group, Inc.	54,195		1,276,834
Zenith National Insurance Corp.	31,155		1,141,519
			12,127,823
Industrial - 11.42%
Aalberts Industries NV	29,090		372,365
Actuant Corp., Class A	40,925		1,032,947
Atlas Air Worldwide Holdings, Inc. *	28,144		1,134,485
Carillion PLC	142,480		665,684
Clean Harbors, Inc. *	20,771		1,403,081
Forward Air Corp.	47,555		1,294,923
GulfMark Offshore, Inc. *	36,907		1,656,386
Intermec, Inc. *	55,655		1,093,064
Kaydon Corp.	26,860		1,210,312
Middleby Corp. * (a)	14,345		779,077
Packaging Corp. of America	13,443		311,609
Peace Mark Holdings, Ltd.	464,000		0
Silgan Holdings, Inc.	28,697		1,466,130
Snap-on, Inc.	36,595		1,927,093
Stanley, Inc. *	31,985		1,180,566
Triumph Group, Inc.	25,340		1,158,291
ULVAC, Inc. *	14,700		416,367
			17,102,380
Technology - 20.49%
Blackboard, Inc. *	7,913		318,815
Data Domain, Inc. *	36,905		821,874
Entegris, Inc. *	153,535		743,109
FactSet Research Systems, Inc.	38,339		2,003,213
Intersil Corp., Class A	66,365		1,100,332
JDA Software Group, Inc. *	118,480		1,802,081
MedAssets, Inc. *	63,134		1,085,905
MICROS Systems, Inc. *	75,130		2,002,966
Microsemi Corp. *	37,995		968,113
Monolithic Power Systems, Inc. *	70,460		1,223,890
Netlogic Microsystems, Inc. *	32,189		973,395
Nuance Communications, Inc. *	98,355		1,198,947
Omniture, Inc. *	70,830		1,300,439
ON Semiconductor Corp. *	274,020		1,852,375
Pericom Semiconductor Corp. *	57,200		600,600
Phase Forward, Inc. *	36,875		771,056
Progress Software Corp. *	69,575		1,808,254
Quest Software, Inc. *	90,870		1,153,140
SkillSoft PLC * - ADR *	114,260		1,195,160
Solera Holdings, Inc. *	68,580		1,969,618
Sykes Enterprises, Inc. *	66,900		1,469,124
Varian Semiconductor Equipment Associates,
Inc. *	45,845		1,151,626

Emerging Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology (continued)
VeriFone Holdings, Inc. *		80,070	$	1,324,358
Verigy, Ltd. *		112,599		1,833,112
				30,671,502
Utilities - 1.38%
Avista Corp.		95,190		2,066,575
TOTAL COMMON STOCKS (Cost $154,390,693)			$	147,406,464
SHORT TERM INVESTMENTS - 1.57%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	2,357,456	$	2,357,456
TOTAL SHORT TERM INVESTMENTS
(Cost $2,357,456)			$	2,357,456
REPURCHASE AGREEMENTS - 1.46%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$2,178,076 on 10/1/2008,
collateralized by $1,785,000
Federal National Mortgage
Association, 6.625% due
11/15/2030 (valued at $2,224,556,
including interest)	$	2,178,000	$	2,178,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,178,000)			$	2,178,000
Total Investments (Emerging Small Company Trust)
(Cost $158,926,149) - 101.48%			$	151,941,920
Liabilities in Excess of Other Assets - (1.48)%				(2,209,705)
TOTAL NET ASSETS - 100.00%			$	149,732,215
Equity-Income Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.74%
Basic Materials - 6.43%
Alcoa, Inc.		513,600	$	11,597,088
E.I. Du Pont de Nemours & Company		465,100		18,743,530
Eli Lilly & Company		594,400		26,171,432
International Flavors & Fragrances, Inc.		412,000		16,257,520
International Paper Company		1,052,400		27,551,832
MeadWestvaco Corp.		461,000		10,745,910
Nucor Corp.		231,600		9,148,200
				120,215,512
Communications - 10.81%
Alcatel-Lucent, SADR *		1,548,400		5,945,856
AT&T, Inc.		1,235,649		34,499,320
Cablevision Systems Corp., Class A		360,400		9,067,664
CBS Corp., Class B		615,450		8,973,261
eBay, Inc. *		410,600		9,189,228
Gannett Company, Inc. (a)		613,400		10,372,594
McGraw-Hill Companies, Inc.		576,200		18,213,682
Motorola, Inc.		973,300		6,949,362

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

109

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Qwest Communications International, Inc. (a)	2,416,100	$	7,804,003
Sprint Nextel Corp.	1,449,000		8,838,900
The New York Times Company, Class A (a)	795,100		11,361,979
Time Warner, Inc.	1,544,900		20,253,639
Verizon Communications, Inc.	537,900		17,261,211
Walt Disney Company	618,600		18,984,834
WPP Group PLC	257,800		2,085,230
Yahoo!, Inc. *	718,700		12,433,510
			202,234,273
Consumer, Cyclical - 8.04%
Bed Bath & Beyond, Inc. *	618,700		19,433,367
D.R. Horton, Inc.	615,100		8,008,602
Ford Motor Company *	801,100		4,165,720
Genuine Parts Company	275,500		11,077,855
Harley-Davidson, Inc.	335,500		12,514,150
Harman International Industries, Inc.	168,100		5,727,167
Home Depot, Inc.	1,025,900		26,560,551
Macy's, Inc.	259,900		4,673,002
Mattel, Inc.	654,800		11,812,592
MGM Mirage, Inc. * (a)	513,300		14,629,050
Newell Rubbermaid, Inc.	722,700		12,473,802
Southwest Airlines Company	154,100		2,235,991
Whirlpool Corp.	215,700		17,102,853
			150,414,702
Consumer, Non-cyclical - 16.30%
Abbott Laboratories	205,600		11,838,448
Amgen, Inc. *	415,000		24,597,050
Avery Dennison Corp.	362,800		16,137,344
Bristol-Myers Squibb Company	665,900		13,884,015
Colgate-Palmolive Company	102,700		7,738,445
Fortune Brands, Inc.	355,800		20,408,688
General Mills, Inc.	282,500		19,413,400
H & R Block, Inc.	699,700		15,918,175
Hershey Company	744,800		29,449,392
Johnson & Johnson	308,200		21,352,096
Kimberly-Clark Corp.	216,300		14,024,892
Kraft Foods, Inc., Class A	490,400		16,060,600
McCormick & Company, Inc.	206,000		7,920,700
Merck & Company, Inc.	598,400		18,885,504
Pfizer, Inc.	1,163,000		21,445,720
Procter & Gamble Company	231,400		16,126,266
WellPoint, Inc. *	179,600		8,399,892
Whole Foods Market, Inc. (a)	205,300		4,112,159
Wyeth	463,500		17,121,690
			304,834,476
Energy - 11.98%
Anadarko Petroleum Corp.	308,000		14,941,080
BJ Services Company	441,000		8,436,330
BP PLC, SADR	311,900		15,648,023
Chevron Corp.	592,200		48,844,656
Duke Energy Corp.	726,500		12,662,895
Exxon Mobil Corp.	618,000		47,993,880
Murphy Oil Corp.	256,600		16,458,324
Royal Dutch Shell PLC, ADR	516,900		30,502,269
Schlumberger, Ltd.	92,500		7,223,325

Equity-Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Spectra Energy Corp.	406,850	$	9,683,030
Sunoco, Inc.	330,800		11,769,864
			224,163,676
Financial - 23.42%
Allied Irish Banks PLC-Sponsored ADR	435,300		7,156,332
American Express Company	462,300		16,379,289
American International Group, Inc.	513,800		1,710,954
Bank of America Corp.	724,210		25,347,350
Bank of New York Mellon Corp.	651,300		21,219,354
Capital One Financial Corp.	375,300		19,140,300
Chubb Corp.	154,500		8,482,050
Citigroup, Inc.	576,600		11,826,066
Federal National Mortgage Association	846,400		1,294,992
Fifth Third Bancorp	772,300		9,190,370
Goldman Sachs Group, Inc.	61,600		7,884,800
Hartford Financial Services Group, Inc.	25,700		1,053,443
JPMorgan Chase & Company	1,462,500		68,298,750
KeyCorp	697,900		8,332,926
Legg Mason, Inc.	321,700		12,243,902
Lincoln National Corp.	396,500		16,974,165
Marsh & McLennan Companies, Inc.	1,088,800		34,580,288
Merrill Lynch & Company, Inc.	656,400		16,606,920
Merrill Lynch & Company, Inc. *	372,052		8,471,624
National City Corp. (a)	1,712,000		2,996,000
Progressive Corp.	513,700		8,938,380
Royal Bank of Scotland Group PLC	714,425		2,304,674
SLM Corp. *	975,900		12,042,606
SunTrust Banks, Inc.	513,300		23,093,367
The Travelers Companies, Inc.	258,100		11,666,120
U.S. Bancorp	912,700		32,875,454
UBS AG *	492,000		8,409,475
Wells Fargo & Company	1,051,700		39,470,301
			437,990,252
Industrial - 11.61%
3M Company	386,200		26,381,322
Black & Decker Corp.	102,700		6,239,025
Boeing Company	180,100		10,328,735
Cooper Industries, Ltd., Class A	230,500		9,208,475
Eastman Kodak Company	671,900		10,333,822
General Electric Company	2,368,900		60,406,950
Honeywell International, Inc.	309,700		12,868,035
Illinois Tool Works, Inc.	467,600		20,784,820
Masco Corp.	853,300		15,308,202
Tyco Electronics, Ltd.	137,810		3,811,825
United Parcel Service, Inc., Class B	259,900		16,345,111
USG Corp. * (a)	308,000		7,884,800
Vulcan Materials Company	232,400		17,313,800
			217,214,922
Technology - 4.44%
Analog Devices, Inc.	515,300		13,578,155
Applied Materials, Inc.	411,100		6,219,943
Computer Sciences Corp. *	299,200		12,024,848
Dell, Inc. *	777,400		12,811,552
Intel Corp.	512,400		9,597,252

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

110

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Equity-Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Microsoft Corp.		1,082,900	$	28,902,601
				83,134,351
Utilities - 4.71%
Entergy Corp.		123,200		10,966,032
FirstEnergy Corp.		195,700		13,109,943
NiSource, Inc.		1,014,300		14,971,068
PG&E Corp.		256,800		9,617,160
Pinnacle West Capital Corp.		243,700		8,385,717
Progress Energy, Inc.		330,100		14,237,213
Teco Energy, Inc.		237,000		3,728,010
Xcel Energy, Inc.		657,200		13,137,428
				88,152,571
TOTAL COMMON STOCKS (Cost $2,061,674,908)			$	1,828,354,735
PREFERRED STOCKS - 0.04%
Financial - 0.04%
Federal National Mortgage Association,
Series 08-1, 8.75%		291,900		712,236
TOTAL PREFERRED STOCKS (Cost $12,758,855)			$	712,236
CONVERTIBLE BONDS - 0.10%
Consumer, Cyclical - 0.10%
Ford Motor Company
4.25% due 12/15/2036		3,123,000		1,844,444
TOTAL CONVERTIBLE BONDS (Cost $3,123,000)			$	1,844,444
SHORT TERM INVESTMENTS - 4.85%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	46,529,533	$	46,529,533
T. Rowe Price Reserve Investment Fund,
2.7528%		44,182,647		44,182,647
TOTAL SHORT TERM INVESTMENTS
(Cost $90,712,180)			$	90,712,180
REPURCHASE AGREEMENTS - 0.10%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$1,812,063 on 10/01/2008,
collateralized by $1,725,000
Federal National Mortgage
Association, 6.00% due
04/18/2036 (valued at $1,849,269,
including interest)	$	1,812,000	$	1,812,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,812,000)			$	1,812,000
Total Investments (Equity-Income Trust)
(Cost $2,170,080,943) - 102.83%			$	1,923,435,595
Liabilities in Excess of Other Assets - (2.83)%				(52,879,204)
TOTAL NET ASSETS - 100.00%			$	1,870,556,391

Financial Services Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.43%
Consumer, Non-cyclical - 14.26%
Dun & Bradstreet Corp.		69,300	$	6,539,148
H & R Block, Inc.		96,900		2,204,475
Moody's Corp.		140,500		4,777,000
Visa, Inc.		27,000		1,657,530
				15,178,153
Energy - 6.06%
Canadian Natural Resources, Ltd.		94,200		6,448,932
Financial - 75.38%
Ambac Financial Group, Inc.		27,000		62,910
American Express Company		288,800		10,232,184
American International Group, Inc.		130,300		433,899
Ameriprise Financial, Inc.		58,440		2,232,408
Bank of New York Mellon Corp.		160,400		5,225,832
Brookfield Asset Management, Inc.		84,600		2,321,424
China Life Insurance Company, Ltd., SADR		48,164		2,678,882
Everest Re Group, Ltd.		36,300		3,141,039
FPIC Insurance Group, Inc. *		48,634		2,499,301
Goldman Sachs Group, Inc.		19,570		2,504,960
ICICI Bank, Ltd., SADR		12,900		303,408
JPMorgan Chase & Company		150,948		7,049,272
Julius Baer Holding AG		34,400		1,710,726
Loews Corp.		217,600		8,593,024
Markel Corp. *		12,700		4,464,050
MBIA, Inc.		75,600		899,640
Merrill Lynch & Company, Inc.		179,930		4,552,229
Oaktree Capital Group LLC *		63,200		1,753,800
Progressive Corp.		180,800		3,145,920
RHJ International *		71,525		648,734
State Bank of India		73,118		4,418,052
T. Rowe Price Group, Inc.		23,300		1,251,443
The First Marblehead Corp. (a)		216,750		539,707
Transatlantic Holdings, Inc.		92,237		5,013,081
Wells Fargo & Company		120,800		4,533,624
				80,209,549
Industrial - 2.73%
Sealed Air Corp.		132,300		2,909,277
TOTAL COMMON STOCKS (Cost $115,044,628)			$	104,745,911
SHORT TERM INVESTMENTS - 2.53%
Goldman Sachs Group, Inc.
1.75% due 10/01/2008	$	2,356,000	$	2,356,000
John Hancock Cash
Investment Trust, 2.6453% (c)(f)		333,728		333,728
TOTAL SHORT TERM INVESTMENTS
(Cost $2,689,728)			$	2,689,728
Total Investments (Financial Services Trust)
(Cost $117,734,356) - 100.96%			$	107,435,639
Liabilities in Excess of Other Assets - (0.96)%				(1,022,577)
TOTAL NET ASSETS - 100.00%			$	106,413,062

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

111

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Floating Rate Income Trust
		Shares or
		Principal
		Amount		Value
TERM LOANS - 90.89%
Basic Materials - 8.08%
Berry Plastics Holding Company
7.35% due 04/03/2015 (b)	$	5,478,586	$	4,460,939
Brenntag, Term Loan B
7.00% due 12/23/2013 (b)		2,500,000		2,251,400
Georgia Pacific LLC, Tranche B1
6.75% due 12/23/2013 (b)		7,939,084		7,054,035
Georgia Pacific LLC, Tranche B2
1.7743% due 12/20/2012 (b)		1,647,903		1,499,822
Graham Packaging Company, Inc.
7.7056% due 10/07/2011 (b)		5,457,223		4,954,122
Graphic Packaging, Inc., Tranche B
7.35% due 05/03/2014 (b)		3,119,776		2,820,277
Lyondell Chemical Company
6.388% due 12/20/2014 (b)		743,125		541,040
8.385% due 12/20/2014 (b)		2,000,000		1,590,000
Lyondell Chemical Company, Tranche B3
6.46% due 12/20/2014 (b)		7,236,875		5,395,090
NewPage Corp., Tranche B
8.90% due 11/05/2014 (b)		5,482,497		5,063,854
Sunguard Homes, Tranche B
6.15% due 08/15/2012 (b)		7,962,108		6,989,218
				42,619,797
Communications - 19.65%
ALLTEL Communications, Inc., Tranche B2
5.08% due 05/15/2015 (b)		8,967,122		8,706,269
Cablevision Systems Corp., Tranche B
6.45% due 03/30/2013 (b)		8,314,866		7,524,954
Centennial Cellular, Tranche B
7.5545% due 02/09/2011 (b)		2,640,067		2,516,089
Charter Communications, Inc., Tranche B
7.4521% due 03/15/2014 (b)		7,375,000		5,981,568
Charter Communications, Inc., Tranche B2
7.8675% due 03/06/2014 (b)		3,530,462		3,373,357
Citadel Broadcasting Corp., Tranche B
6.86% due 06/12/2014 (b)		3,275,000		2,448,063
CMP Susquehanna Corp.
7.40% due 06/07/2013 (b)		1,488,149		1,019,382
Dex Media West LLC, Tranche B
7.00% due 10/13/2014 (b)		5,000,000		4,405,350
Direct TV Holdings, Inc., Tranche C
5.25% due 04/13/2013 (b)		7,980,000		7,685,059
Idearc, Inc., Tranche B
7.4825% due 11/01/2014 (b)		6,723,472		4,275,523
Insight Midwest Holdings LLC, Tranche B
7.65% due 04/10/2014 (b)		4,250,000		3,938,348
Level 3 Communications, Inc., Tranche B
7.65% due 03/01/2014 (b)		6,000,000		5,088,780
Lodgenet Entertainment Corp., Tranche B
7.4521% due 04/04/2014 (b)		4,233,435		3,614,295
Metropcs Wireless, Inc. Tranche B
5.035% due 02/20/2014 (b)		4,000,000		3,596,240
Newsday LLC
9.75% due 07/15/2013 (b)		4,000,000		3,860,000
Nielsen Finance, Tranche B
8.25% due 08/15/2013 (b)		5,977,209		5,277,039
Panamsat Corp., Tranche B
8.00% due 06/30/2013 (b)		9,703,884		8,945,817

Floating Rate Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Communications (continued)
Quebecor World, Inc., Tranche B
6.50% due 01/17/2013 (b)	$	2,407,653	$	2,154,849
Telesat Canada, Tranche D Delayed Draw
8.3139% due 10/15/2014 (b)		2,387,953		2,213,131
Tribune Company
7.426% due 05/17/2009 (b)		2,462,857		2,288,142
Univision Communications, Inc., Tranche B
7.60% due 09/15/2014 (b)		5,625,000		3,748,275
UPC Broadband Holding NV
7.10% due 03/30/2014 (b)		4,500,000		4,032,000
Virgin Media Tranche B4
7.50% due 01/15/2014 (b)		4,220,522		3,951,464
Windstream Corp., Tranche B
4.57% due 07/17/2013 (b)		3,283,417		3,061,786
				103,705,780
Consumer, Cyclical - 38.99%
Amscan Holdings, Inc., Tranche B
7.61% due 05/01/2013 (b)		3,485,509		3,067,248
Aramark Corp.
7.5788% due 01/31/2014 (b)		6,842,961		5,999,566
Bolthouse Farms, Inc., Tranche B
6.59% due 12/16/2012 (b)		5,477,028		5,141,560
Carmike Cinemas, Inc., Term Loan
8.3646% due 05/19/2012 (b)		2,774,362		2,483,054
CCM Merger, Inc., Tranche B
5.65% due 07/21/2012 (b)		4,063,375		3,514,819
Cedar Fair LP, Tranche B
8.00% due 06/13/2012 (b)		3,473,350		3,069,191
Community Health Systems, Inc., Tranche B
7.6143% due 07/02/2014 (b)		10,870,914		9,729,468
DaVita, Tranche B1
6.80% due 03/15/2014 (b)		5,000,000		4,546,450
Delta Air Lines, Inc., Tranche A
4.671% due 04/30/2012 (b)		4,937,450		4,049,598
Dole Food Company, Inc., Letter of Credit
6.75% due 04/12/2013 (b)		4,791,890		4,216,863
Dollar General Corp., Tranche B
7.7056% due 07/15/2014 (b)		3,000,000		2,673,000
Dubai Aerospace Enterprise, Term Loan Strip
8.45% due 07/31/2014 (b)		5,979,195		5,560,652
Education Management, Tranche C
7.66% due 06/12/2013 (b)		3,589,791		3,135,682
First Data Corp., Tranche B2
8.0908% due 10/15/2014 (b)		7,714,903		6,711,965
General Nutrition Center, Tranche B
7.60% due 09/06/2013 (b)		3,233,628		2,802,488
Golden Nugget, Inc., Tranche B
7.35% due 06/14/2014 (b)		3,750,000		2,925,000
Graphic Packaging, Inc., Tranche C
5.448% due 05/16/2014 (b)		5,173,628		4,709,605
Hanes Brands, Inc., Tranche B
7.7563% due 10/15/2013 (b)		2,250,000		2,090,003
Harrah's Operating Company, Inc., Tranche B2
6.162% due 02/28/2015 (b)		7,982,500		6,549,242
Hawker Beechcraft Corp., Inc.
7.40% due 03/26/2014 (b)		4,355,068		3,788,909
HCA, Inc., Tranche A
7.71% due 11/16/2012 (b)		1,483,832		1,323,400

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

112

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Floating Rate Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Consumer, Cyclical (continued)
HCA, Inc., Tranche B
8.15% due 11/01/2013 (b)	$	9,455,798	$	8,418,403
Health Management Associates, Inc., Tranche B
7.15% due 01/16/2014 (b)		6,255,538		5,339,102
Hercules Offshore LLC, Tranche B
7.1986% due 07/11/2013 (b)		4,987,406		4,667,364
HVHC, Inc., Tranche B
7.8576% due 08/15/2013 (b)		3,842,580		3,496,748
Iasis Healthcare Corp., Tranche B
7.35% due 05/01/2014 (b)		5,349,419		4,924,836
Iconix, Tranche B
7.60% due 05/01/2014 (b)		2,943,021		2,737,010
Invitrogen Corp., Term Loan B
2.819% due 06/12/2015 (b)		2,000,000		1,947,500
Las Vegas Sands LLC, Tranche B
7.1986% due 05/08/2014 (b)		6,217,523		4,851,409
Manor Care, Tranche B
8.0097% due 11/15/2014 (b)		5,472,238		4,541,958
Metro-Goldwyn-Mayer, Inc. Term Loan B
5.4243% due 04/08/2011 (b)		4,239,130		3,174,049
Michaels Stores, Inc., Tranche B
7.7056% due 10/31/2013 (b)		5,468,044		4,064,397
Neiman Marcus Group, Inc., Tranche B
6.9469% due 03/13/2013 (b)		6,444,036		5,648,971
Oceania Cruises, Inc., Tranche B
7.60% due 05/01/2014 (b)		1,491,643		1,230,606
Penn National Gaming, Inc., Term Loan B
5.3736% due 10/03/2012 (b)		4,987,147		4,552,666
Petco Animal Supplies, Inc., Tranche B
8.15% due 11/15/2013 (b)		3,224,751		2,865,997
Pharmaceutical Health Technologies, Tranche B
7.60% due 04/15/2014 (b)		5,223,552		4,292,036
Quicksilver Resource, Inc., 2nd Lien
7.802% due 08/08/2013 (b)		3,740,625		3,547,347
QUIZNO'S Corp.
7.35% due 05/05/2012 (b)		1,989,848		1,554,569
Regal Cinemas, Tranche B
2.5421% due 10/19/2010 (b)		3,740,482		3,408,514
Rental Service Corp., 2nd Lien
9.0236% due 12/01/2013 (b)		2,000,000		1,592,500
Royalty Pharma, Tranche B
6.85% due 05/15/2014 (b)		4,987,373		4,762,942
Sally Holdings LLC, Tranche B
7.90% due 11/15/2013 (b)		4,982,903		4,558,111
Select Medical Corp., Tranche B
4.63% due 02/24/2012 (b)		4,220,553		3,773,174
Thomson Learning Holdings, Tranche B
8.50% due 11/05/2014 (b)		3,972,418		3,299,252
Transdigm, Term Loan B
4.685% due 07/01/2012 (b)		4,500,000		4,168,125
Tropicana Entertainment, Tranche B
7.86% due 12/15/2011 (b)		4,000,000		2,791,440
United Air Lines, Inc., Tranche B
7.4521% due 01/12/2014 (b)		5,697,519		3,656,611
Vanguard Health Holdings, Tranche B
6.409% due 05/18/2011 (b)		5,412,038		4,897,894
Venetian Macau
7.60% due 04/01/2013 (b)		500,000		457,750

Floating Rate Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Consumer, Cyclical (continued)
Venetian Macau, Tranche B
7.75% due 04/01/2013 (b)	$	2,655,000	$	2,430,652
Venetian Macau, Tranche Delayed Draw
1.375% due 04/01/2013 (b)		345,000		315,847
Wesco Aircraft Add On, Term Loan
5.05% due 09/29/2013 (b)		1,500,000		1,375,005
Wesco Aircraft Hardware, Term B
7.7563% due 09/29/2013 (b)		2,500,000		2,291,675
Yankee Candle, Term Loan B
7.5028% due 01/15/2014 (b)		2,500,000		2,031,250
				205,753,473
Consumer, Non-cyclical - 12.48%
Acosta, Tranche B
8.25% due 08/15/2013 (b)		2,230,421		2,007,379
Activant Solutions, Inc., Tranche B
7.10% due 05/02/2013 (b)		3,172,841		2,570,001
Adesa, Inc., Tranche B
7.60% due 09/22/2013 (b)		3,856,924		3,316,954
Affinion Group, Tranche B
6.8438% due 10/17/2012 (b)		5,000,000		4,650,000
Allied Waste Industries, Inc., Tranche B
5.00% due 03/25/2012 (b)		2,339,191		2,258,793
Allison Transmission, Inc., Tranche B
8.45% due 08/07/2014 (b)		4,771,450		4,002,722
Asurion Corp. Tranche B
7.466% due 07/02/2014 (b)		5,250,000		4,599,000
Bausch & Lomb, Inc., Tranche B
8.25% due 04/11/2015 (b)		6,460,964		6,036,608
Biomet, Inc., Tranche B
5.75% due 03/25/2015 (b)		5,407,610		5,060,171
Fenwal, Inc.
7.61% due 03/01/2014 (b)		3,982,707		3,315,603
Ford Motor Company, Tranche B
8.466% due 11/29/2013 (b)		2,984,810		2,045,520
General Motors Corp., Tranche B
7.40% due 12/15/2013 (b)		3,482,317		2,378,248
Hanger Orthopedic Group, Inc., Tranche B
7.70% due 07/15/2014 (b)		1,478,174		1,345,139
Hertz Corp.
6.75% due 01/21/2012 (b)		7,201,416		6,484,011
Nacco, Tranche B
6.90% due 03/21/2013 (b)		1,239,384		1,041,082
Sensata Technologies
6.9451% due 04/27/2013 (b)		4,477,099		3,832,397
Ticketmaster, Term Loan
6.05% due 08/01/2014 (b)		3,000,000		2,820,000
US Investigations Services, Inc., Tranche B
1.00% due 02/21/2015 (b)		5,094,807		4,381,534
Visteon, Tranche B
8.4153% due 06/20/2013 (b)		4,000,000		2,566,240
West Corp., Tranche B
8.15% due 10/01/2013 (b)		1,492,444		1,128,661
				65,840,063
Energy - 9.12%
Ashmore Energy International, Tranche B
8.35% due 05/30/2014 (b)		5,004,730		4,379,139
Brand Energy Services, Tranche B
7.65% due 02/07/2014 (b)		4,471,503		4,007,585

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

113

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Floating Rate Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Energy (continued)
Calpine Corp.
8.60% due 03/29/2009 (b)	$	9,464,987	$	8,116,227
Dynegy Holdings, Inc.
6.633% due 04/02/2013 (b)		7,487,999		6,482,436
Energy Future Holdings Corp., Tranche B3
8.50% due 10/10/2014 (b)		8,462,393		7,245,924
Express Energy Service, Term Loan
8.35% due 07/02/2013 (b)		4,000,000		3,940,000
Meg Energy, Tranche B
7.00% due 04/15/2013 (b)		5,680,383		5,282,756
NRG Energy, Inc., Tranche B
6.60% due 02/01/2013 (b)		1,000,000		887,250
7.10% due 02/01/2013 (b)		5,875,000		5,212,594
TXU Energy, Tranche B2
8.50% due 10/10/2014 (b)		2,984,962		2,562,918
				48,116,829
Financial - 0.32%
Chrysler Financial, Tranche B
9.35% due 08/03/2012 (b)		1,736,842		1,190,935
Lender Processing Services, Tranche B
5.05% due 06/18/2014 (b)		500,000		491,250
				1,682,185
Industrial - 1.69%
Freescale Semiconductor, Inc., Tranche B
7.37% due 12/01/2013 (b)		5,960,827		4,933,240
Oshkosh Truck Corp. Tranche B
zero coupon due 12/06/2013		1,888,608		1,668,264
Swift Transport, Term Loan B
8.35% due 05/15/2014 (b)		3,500,000		2,301,250
				8,902,754
Technology - 0.56%
CGG, Tranche B
7.5028% due 01/30/2014 (b)		3,231,690		2,973,155
TOTAL TERM LOANS (Cost $512,444,424)			$	479,594,036
CORPORATE BONDS - 6.84%
Basic Materials - 0.44%
Abitibi-Consolidated Company of Canada
15.50% due 07/15/2010 (g)		1,127,000		794,535
Georgia Gulf Corp.
9.50% due 10/15/2014		2,500,000		1,537,500
				2,332,035
Communications - 1.08%
Citizens Communications Company
7.875% due 01/15/2027		1,600,000		1,200,000
iPCS, Inc.
4.9256% due 05/01/2013 (b)		5,500,000		4,482,500
				5,682,500
Consumer, Cyclical - 1.02%
Continental Airlines, Inc., Series 01-1
6.503% due 06/15/2011		375,000		324,375
Continental Airlines, Inc., Series 974A
6.90% due 01/02/2018		1,233,754		1,085,703
Continental Airlines, Inc., Series 981A
6.648% due 09/15/2017		283,345		240,843

Floating Rate Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
Continental Airlines, Inc., Series 991A
6.545% due 02/02/2019	$	1,597,951	$	1,358,259
Neiman Marcus Group, Inc.
10.375% due 10/15/2015		1,200,000		1,005,000
Station Casinos, Inc.
7.75% due 08/15/2016		2,550,000		1,383,375
				5,397,555
Consumer, Non-cyclical - 0.24%
Hertz Corp.
10.50% due 01/01/2016		1,500,000		1,252,500
Energy - 1.07%
El Paso Corp.
7.00% due 06/15/2017		3,000,000		2,680,089
Williams Companies, Inc.
7.625% due 07/15/2019		3,000,000		2,955,000
				5,635,089
Financial - 2.01%
Countrywide Financial Corp.
0.5544% due 05/15/2037 (b)		2,600,000		2,391,150
Ford Motor Credit Company LLC
12.00% due 05/15/2015		5,400,000		4,120,799
Forest City Enterprises, Inc.
7.625% due 06/01/2015		1,470,000		1,176,000
GMAC LLC
4.0544% due 05/15/2009 (b)		4,000,000		2,894,564
				10,582,513
Industrial - 0.98%
Nortek, Inc.
10.00% due 12/01/2013 (g)		2,500,000		2,200,000
NXP BV/NXP Funding LLC
5.5406% due 10/15/2013 (b)		2,000,000		1,320,000
7.875% due 10/15/2014		2,500,000		1,675,000
				5,195,000
TOTAL CORPORATE BONDS (Cost $43,042,179)			$	36,077,192
REPURCHASE AGREEMENTS - 1.55%
Merrill Lynch Tri-Party Repurchase
Agreement dated 09/30/2008 at
0.25% to be repurchased at
$8,200,057 on 10/01/2008,
collateralized by $8,241,000
Federal Home Loan Mortgage
Corp., 3.50% due 05/05/2011
(valued at $8,364,000, including
interest)	$	8,200,000	$	8,200,000
TOTAL REPURCHASE AGREEMENTS
(Cost $8,200,000)			$	8,200,000
Total Investments (Floating Rate Income Trust)
(Cost $563,686,603) - 99.28%			$	523,871,228
Other Assets in Excess of Liabilities - 0.72%				3,773,001
TOTAL NET ASSETS - 100.00%			$	527,644,229

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

114

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Franklin Templeton Founding Allocation Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.01%
JOHN HANCOCK TRUST
Income (Templeton) (c)(j)	43,204,550	$	425,564,813
Global (Templeton) (c)(j)	32,169,933		433,972,389
Mutual Shares (Templeton) (c)(j)	46,029,183		434,975,777
TOTAL INVESTMENT COMPANIES (Cost $1,659,695,997)		$	1,294,512,979
Total Investments (Franklin Templeton Founding Allocation		$	1,294,512,979
Trust) (Cost $1,659,695,997) - 100.01%
Liabilities in Excess of Other Assets - (0.01)%			(67,314)
TOTAL NET ASSETS - 100.00%		$	1,294,445,665
Fundamental Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 95.82%
Basic Materials - 0.96%
BHP Billiton PLC	218,400	$	4,947,676
Rio Tinto PLC	77,900		4,888,949
Sino-Forest Corp. *	463,500		5,840,296
			15,676,921
Communications - 7.89%
Amazon.com, Inc. *	75,900		5,522,484
Cisco Systems, Inc. *	404,908		9,134,724
Comcast Corp., Special Class A	2,257,334		44,514,627
eBay, Inc. *	152,900		3,421,902
Google, Inc., Class A *	20,330		8,142,572
Grupo Televisa SA, SADR	867,900		18,980,973
Liberty Media Corp. - Capital, Series A *	53,005		709,207
Liberty Media Corp. - Entertainment, Series A *	220,020		5,493,899
Liberty Media Holding Corp.-Interactive A *	261,125		3,371,124
News Corp., Class A	1,489,300		17,856,707
Sprint Nextel Corp.	1,087,000		6,630,700
WPP Group PLC, SADR	133,949		5,451,724
			129,230,643
Consumer, Cyclical - 9.56%
Bed Bath & Beyond, Inc. *	421,250		13,231,462
CarMax, Inc. * (a)	414,100		5,797,400
Costco Wholesale Corp.	1,268,591		82,369,614
CVS Caremark Corp.	715,107		24,070,502
Harley-Davidson, Inc.	543,368		20,267,626
Hunter Douglas NV	51,278		2,084,230
Lowe's Companies, Inc.	294,300		6,971,967
Sears Holdings Corp. * (a)	18,370		1,717,595
Virgin Blue Holdings, Ltd.	278,576		71,938
			156,582,334
Consumer, Non-cyclical - 16.53%
Altria Group, Inc.	882,997		17,518,660
Avon Products, Inc.	150,388		6,251,629
Cardinal Health, Inc.	257,878		12,708,228
Cosco Pacific, Ltd.	2,122,185		2,435,674
Covidien, Ltd.	339,742		18,264,530
Diageo PLC, SADR	333,019		22,931,688
Dun & Bradstreet Corp.	82,305		7,766,300

Fundamental Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Express Scripts, Inc. *	195,200	$	14,409,664
H & R Block, Inc.	879,890		20,017,497
Heineken Holding NV	342,050		13,428,460
Hershey Company	79,417		3,140,148
Iron Mountain, Inc. *	877,409		21,417,554
Johnson & Johnson	119,900		8,306,672
Moody's Corp.	370,599		12,600,366
Philip Morris International, Inc.	927,997		44,636,656
Procter & Gamble Company	323,030		22,511,961
Schering-Plough Corp.	360,900		6,665,823
UnitedHealth Group, Inc.	414,800		10,531,772
Visa, Inc.	46,040		2,826,396
Whole Foods Market, Inc. (a)	124,600		2,495,738
			270,865,416
Diversified - 0.68%
China Merchants Holdings International
Company, Ltd.	3,491,381		11,199,408
Energy - 17.15%
Canadian Natural Resources, Ltd.	367,345		25,148,439
China Coal Energy Company, H Shares	6,309,100		6,669,963
ConocoPhillips	929,476		68,084,117
Devon Energy Corp.	623,731		56,884,267
EOG Resources, Inc.	532,382		47,626,894
Occidental Petroleum Corp.	853,518		60,130,343
OGX Petroleo e Gas Participacoes SA *	5,800		1,179,568
Transocean, Inc. *	139,663		15,340,584
			281,064,175
Financial - 30.89%
Ambac Financial Group, Inc.	204,692		476,932
American Express Company	1,591,919		56,401,690
American International Group, Inc.	1,397,517		4,653,732
Ameriprise Financial, Inc.	280,327		10,708,491
Aon Corp.	290,532		13,062,319
Bank of New York Mellon Corp.	803,410		26,175,098
Berkshire Hathaway, Inc., Class A *	603		78,751,800
Brookfield Asset Management, Inc.	396,900		10,890,936
Citigroup, Inc.	394,281		8,086,703
Discover Financial Services	84,412		1,166,574
E*TRADE Financial Corp. *	119,600		334,880
Goldman Sachs Group, Inc.	47,520		6,082,560
Hang Lung Group, Ltd.	1,550,000		4,909,837
JPMorgan Chase & Company	1,751,238		81,782,815
Loews Corp.	990,889		39,130,207
Markel Corp. *	3,553		1,248,879
MBIA, Inc. (a)	135,400		1,611,260
Merrill Lynch & Company, Inc.	1,515,878		38,351,713
Morgan Stanley	55,125		1,267,875
NIPPONKOA Insurance Company, Ltd.	1,049,600		5,899,606
Principal Financial Group, Inc.	104,308		4,536,355
Progressive Corp.	1,619,904		28,186,330
State Street Corp.	50,695		2,883,531
Sun Life Financial, Inc.	63,529		2,247,021
Tokio Marine Holdings, Inc.	302,200		11,094,906
Toronto-Dominion Bank	93,875		5,725,436
Transatlantic Holdings, Inc.	273,400		14,859,290

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

115

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Fundamental Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Wachovia Corp.		406,450	$	1,422,575
Wells Fargo & Company		1,179,534		44,267,911
				506,217,262
Industrial - 6.04%
ABB, Ltd., SADR		57,700		1,119,380
Asciano Group		198,900		520,000
China Shipping Development Company, Ltd.,
Class H - Hong Kong Exchange		2,648,000		3,476,272
Garmin, Ltd. * (a)		74,600		2,531,924
Kuehne & Nagel International AG		66,825		4,458,740
Martin Marietta Materials, Inc.		101,621		11,379,519
Sealed Air Corp.		1,254,602		27,588,698
Siemens AG		73,500		6,855,859
Toll Holdings, Ltd.		278,576		1,578,016
Tyco Electronics, Ltd.		331,712		9,175,154
Tyco International, Ltd.		339,752		11,898,115
United Parcel Service, Inc., Class B		119,958		7,544,159
Vulcan Materials Company (a)		146,470		10,912,015
				99,037,851
Technology - 5.95%
Agilent Technologies, Inc. *		582,400		17,273,984
Dell, Inc. *		707,900		11,666,192
Hewlett-Packard Company		310,116		14,339,764
Microsoft Corp.		1,426,174		38,064,584
Texas Instruments, Inc.		753,000		16,189,500
				97,534,024
Utilities - 0.17%
AES Corp. *		241,300		2,820,797
TOTAL COMMON STOCKS (Cost $1,608,947,407)			$	1,570,228,831
CONVERTIBLE BONDS - 0.26%
Basic Materials - 0.14%
Sino-Forest Corp.
5.00% due 08/01/2013 (g)		2,473,000		2,238,065
Communications - 0.12%
Level 3 Communications, Inc.
10.00% due 05/01/2011		2,000,000		1,965,944
TOTAL CONVERTIBLE BONDS (Cost $4,473,000)			$	4,204,009
SHORT TERM INVESTMENTS - 5.24%
Goldman Sachs Group, Inc.
1.75% due 10/01/2008	$	16,358,000	$	16,358,000
Greenwich Capital Holdings Funding
5.45% due 10/01/2008		10,988,000		10,988,000
John Hancock Cash
Investment Trust, 2.6453% (c)(f)		23,545,543		23,545,543

Fundamental Value Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
San Paolo Us Financi
3.50% due 10/01/2008	$	35,000,000	$	35,000,000
TOTAL SHORT TERM INVESTMENTS
(Cost $85,891,543)			$	85,891,543
Total Investments (Fundamental Value Trust)
(Cost $1,699,311,950) - 101.32%			$	1,660,324,383
Liabilities in Excess of Other Assets - (1.32)%				(21,643,989)
TOTAL NET ASSETS - 100.00%			$	1,638,680,394
Global Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 87.39%
Austria - 0.78%
Telekom Austria AG		300,000	$	5,278,439
Bermuda - 3.53%
Accenture, Ltd., Class A		407,760		15,494,880
Tyco Electronics, Ltd.		305,820		8,458,981
				23,953,861
Brazil - 0.10%
Empresa Brasileira de Aeronautica SA, ADR		24,370		658,234
Cayman Islands - 0.81%
Seagate Technology		450,000		5,454,000
Finland - 0.54%
UPM-Kymmene Oyj		234,340		3,656,255
France - 6.53%
Accor SA		37,790		2,018,232
Compagnie Generale des Etablissements
Michelin, Class B		20,300		1,314,879
France Telecom SA		296,260		8,309,977
PSA Peugeot Citroen SA		70,000		2,634,533
Sanofi-Aventis SA		147,810		9,717,842
Total SA		198,780		12,075,867
Vivendi SA		262,380		8,225,800
				44,297,130
Germany - 5.78%
Bayerische Motoren Werke (BMW) AG		147,950		5,734,654
Deutsche Post AG		305,820		6,380,784
Infineon Technologies AG *		764,560		4,244,755
Merck KGAA *		28,970		3,089,454
Muenchener Rueckversicherungs-
Gesellschaft AG		20,000		3,016,897
SAP AG		99,790		5,314,708
Siemens AG		122,330		11,410,575
				39,191,827
Hong Kong - 0.63%
Cheung Kong Holdings, Ltd.		250,000		2,832,131
Swire Pacific, Ltd., Class A		165,500		1,454,768
				4,286,899
India - 0.20%
ICICI Bank, Ltd., SADR		56,480		1,328,410

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

116

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Ireland - 0.35%
CRH PLC - London Exchange	10,730	$	229,252
CRH PLC	102,123		2,161,147
			2,390,399
Italy - 3.20%
Eni SpA	305,820		8,106,084
Intesa Sanpaolo SpA	1,550,000		8,524,345
UniCredito Italiano SpA	1,350,000		5,048,115
			21,678,544
Japan - 3.77%
Ebara Corp. (a)	1,291,000		3,412,383
Fuji Photo Film Company, Ltd.	108,500		2,797,225
Konica Minolta Holdings, Inc.	260,000		2,971,475
Mitsubishi UFJ Financial Group, Inc.	406,855		3,547,877
NGK Spark Plug Company, Ltd.	12,000		116,822
NOK Corp.	239,000		2,679,335
Olympus Optical Company, Ltd.	49,000		1,432,158
Sumitomo Mitsui Financial Group, Inc.	512		3,210,066
Toyota Motor Corp.	125,990		5,386,384
			25,553,725
Netherlands - 3.79%
ING Groep NV	316,820		6,791,916
Koninklijke (Royal) Philips Electronics NV	208,980		5,670,165
Randstad Holdings NV	103,770		2,728,585
Reed Elsevier NV	398,565		5,912,707
Royal Dutch Shell PLC, A Shares	98,718		2,908,448
SBM Offshore NV	79,676		1,705,722
			25,717,543
Norway - 0.37%
Aker Kvaerner ASA	154,590		2,503,327
Russia - 0.57%
OAO Gazprom, SADR	47,800		1,479,410
OAO Gazprom, SADR	75,000		2,396,730
			3,876,140
Singapore - 1.40%
Flextronics International, Ltd. *	250,640		1,774,531
Singapore Telecommunications, Ltd. (a)	3,364,000		7,689,205
			9,463,736
South Korea - 2.31%
Hyundai Motor Company, Ltd.	75,000		4,693,451
KT Corp.	41,420		1,430,230
Samsung Electronics Company, Ltd.	20,730		9,499,593
			15,623,274
Spain - 0.68%
Telefonica SA	193,960		4,611,895
Sweden - 0.89%
Ericsson LM, Series B	399,244		3,791,535
Svenska Cellulosa AB, ADR	211,720		2,242,829
			6,034,364
Switzerland - 2.52%
Adecco SA	54,500		2,367,564
Nestle SA	33,160		1,433,092
Novartis AG	203,880		10,734,187

Global Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Switzerland (continued)
UBS AG *	150,000	$	2,563,864
			17,098,707
Taiwan - 1.27%
Lite-On Technology Corp.	1,689,692		1,476,148
Taiwan Semiconductor
Manufacturing Company, Ltd.	4,250,830		7,128,776
			8,604,924
Turkey - 0.33%
Turkcell Iletisim Hizmetleri AS, ADR	149,100		2,235,009
United Kingdom - 12.60%
Aviva PLC	800,000		6,958,582
BAE Systems PLC	423,280		3,120,390
BP PLC	1,150,340		9,580,370
British Sky Broadcasting Group PLC	582,516		4,333,872
Compass Group PLC	674,830		4,185,300
GlaxoSmithKline PLC	458,730		9,937,328
HSBC Holdings PLC	550,000		8,783,926
Kingfisher PLC	1,682,040		4,009,896
Old Mutual PLC	1,327,000		1,857,428
Pearson PLC	407,760		4,417,572
Premier Foods PLC	1,980,170		2,658,567
Royal Bank of Scotland Group PLC	1,073,402		3,462,704
Royal Dutch Shell PLC, B Shares	203,880		5,727,566
Standard Life PLC	700,000		3,051,637
Tesco PLC	387,900		2,697,839
Vodafone Group PLC	3,839,010		8,478,184
Wolseley PLC	272,970		2,063,262
Yell Group PLC	80,581		111,508
			85,435,931
United States - 34.44%
Abbott Laboratories	38,010		2,188,616
ACE, Ltd.	70,045		3,791,536
American Express Company	47,930		1,698,160
American International Group, Inc.	288,190		959,673
Amgen, Inc. *	326,210		19,334,467
Bank of America Corp.	39,510		1,382,850
Boston Scientific Corp. *	733,980		9,005,934
Bristol-Myers Squibb Company	66,350		1,383,397
Chico's FAS, Inc. *	650,000		3,555,500
Cisco Systems, Inc. *	221,560		4,998,394
Comcast Corp., Special Class A	560,680		11,056,609
Covidien, Ltd.	252,400		13,569,024
El Paso Corp.	403,350		5,146,746
Expedia, Inc. *	200,830		3,034,541
FedEx Corp.	38,190		3,018,538
Focus Media Holding, Ltd., ADR * (a)	76,410		2,178,449
General Electric Company	482,300		12,298,650
Harley-Davidson, Inc.	101,940		3,802,362
KB Financial Group, Inc. *	65,000		2,969,850
Merck & Company, Inc.	126,430		3,990,131
Microsoft Corp.	600,000		16,014,000
News Corp., Class A	849,160		10,181,428
Oracle Corp. *	815,530		16,563,414
Pentair, Inc.	99,870		3,452,506
Pfizer, Inc.	662,620		12,218,713

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

117

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United States (continued)
Pitney Bowes, Inc.		80,000	$	2,660,800
Progressive Corp.		298,860		5,200,164
Quest Diagnostics, Inc.		142,710		7,373,826
Sprint Nextel Corp.		1,019,420		6,218,462
Target Corp.		31,420		1,541,151
Time Warner, Inc.		866,500		11,359,815
Torchmark Corp.		68,900		4,120,220
Tyco International, Ltd.		244,660		8,567,993
United Parcel Service, Inc., Class B		152,910		9,616,510
USG Corp. *		133,220		3,410,432
Viacom, Inc., Class B *		227,000		5,638,680
				233,501,541
TOTAL COMMON STOCKS (Cost $777,144,781)			$	592,434,114
SHORT TERM INVESTMENTS - 13.58%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	9,606,155	$	9,606,155
Paribas Corp.
5.00% due 10/01/2008		82,465,000		82,465,000
TOTAL SHORT TERM INVESTMENTS
(Cost $92,071,155)			$	92,071,155
Total Investments (Global Trust)
(Cost $869,215,936) - 100.97%			$	684,505,269
Liabilities in Excess of Other Assets - (0.97)%				(6,568,633)
TOTAL NET ASSETS - 100.00%			$	677,936,636

The portfolio had the following five top industry concentrations as of September 30, 2008 (as a percentage of total net assets):

Pharmaceuticals	6.27%
Telecommunications Equipment & Services	5.84%
Software	5.59%
Insurance	5.27%
Banking	5.21%

Global Allocation Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 79.63%
Australia - 1.15%
BHP Billiton, Ltd.	37,494	$	969,993
National Australia Bank, Ltd.	20,797		419,734
Orica, Ltd.	30,065		507,746
Qantas Airways, Ltd.	198,522		506,108
QBE Insurance Group, Ltd.	17,984		387,844
			2,791,425
Austria - 0.37%
Telekom Austria AG	51,156		900,079
Bermuda - 0.09%
Weatherford International, Ltd. *	8,800		221,232

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada - 1.15%
Canadian National Railway Company	15,300	$	730,030
Potash Corp. of Saskatchewan, Inc.	1,100		145,211
Toronto Dominion Bank Ontario	15,600		939,298
Trans-Canada Corp.	27,500		986,305
			2,800,844
Finland - 0.36%
Nokia AB Oyj	47,437		884,768
France - 2.39%
AXA Group SA	22,182		726,114
BNP Paribas SA	14,053		1,341,464
GDF Suez	17,893		930,907
Societe Generale	3,566		320,333
Technip SA	7,288		409,521
Total SA	34,282		2,082,628
			5,810,967
Germany - 2.34%
Allianz SE	2,224		304,907
Daimler AG	16,092		799,015
E.ON AG	15,849		797,789
Henkel AG & Company KGaA	16,302		594,632
MAN AG	3,814		256,783
Metro AG	9,854		494,141
Muenchener Rueckversicherungs-
Gesellschaft AG	9,101		1,372,839
Siemens AG	11,285		1,052,631
			5,672,737
Greece - 0.21%
Alpha Bank A.E.	23,390		509,228
Hong Kong - 0.59%
Bank of East Asia, Ltd.	123,000		387,182
Esprit Holdings, Ltd.	65,800		407,866
New World Development Company, Ltd.	423,000		471,112
Sun Hung Kai Properties, Ltd.	16,000		164,876
			1,431,036
Ireland - 0.76%
Bank of Ireland - London Exchange	83,180		473,290
CRH PLC - London Exchange	19,973		426,733
CRH PLC	8,832		186,905
Elan Corp. PLC, SADR *	21,000		224,070
Experian Group, Ltd.	34,899		231,290
Ryanair Holdings PLC, SADR *	13,800		309,534
			1,851,822
Italy - 0.20%
Intesa Sanpaolo SpA	86,638		476,472
Japan - 4.45%
Canon, Inc.	26,500		1,004,638
Honda Motor Company, Ltd.	42,600		1,292,175
Japan Tobacco, Inc.	290		1,093,034
Kao Corp.	13,000		348,628
Komatsu, Ltd.	29,900		489,508
Kuraray Company, Ltd.	30,500		303,177
Mitsubishi Corp.	37,100		773,911
Mitsui Fudosan Company, Ltd.	22,000		425,083

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

118

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Mitsui O.S.K. Lines, Ltd.	50,000	$	434,418
Mitsui Sumitomo Insurance Group Holdings,
Inc. *	15,200		517,672
Nomura Holdings, Inc.	46,200		602,915
NTT DoCoMo, Inc.	488		781,140
Shin-Etsu Chemical Company, Ltd.	9,200		437,466
Sumitomo Mitsui Financial Group, Inc.	152		952,988
Sumitomo Trust & Banking Company, Ltd.	93,000		619,607
The Bank of Yokohama, Ltd.	76,000		376,459
THK Company, Ltd.	23,100		359,435
			10,812,254
Netherlands - 0.60%
ASML Holding NV	41,646		727,830
Reed Elsevier NV	26,115		387,416
TNT Post Group NV	12,682		351,376
			1,466,622
Norway - 0.15%
Norsk Hydro ASA	52,000		351,792
Singapore - 0.26%
Singapore Telecommunications, Ltd.	275,000		628,577
Spain - 0.25%
Banco Bilbao Vizcaya Argentaria SA	37,093		599,821
Switzerland - 3.36%
Adecco SA	8,953		388,932
Credit Suisse Group AG	19,910		929,836
Givaudan AG	780		651,499
Nestle SA	47,357		2,046,651
Novartis AG	33,372		1,757,020
Roche Holdings AG - Genusschein	11,706		1,832,479
Synthes AG	4,071		563,191
			8,169,608
United Kingdom - 4.40%
Associated British Foods PLC	50,973		646,838
Barclays PLC	190,254		1,130,383
BICC PLC	26,072		141,661
BP PLC	175,377		1,460,591
British Sky Broadcasting Group PLC	142,245		1,058,291
Cobham PLC	123,148		418,615
Kingfisher PLC	148,594		354,240
Prudential PLC	54,834		499,976
Rio Tinto PLC	4,567		286,622
Standard Chartered PLC	22,211		546,514
Tesco PLC	130,444		907,236
The Sage Group PLC	131,256		459,743
Tullow Oil PLC	28,723		367,233
Vodafone Group PLC	776,882		1,715,689
Wolseley PLC	92,487		699,069
			10,692,701
United States - 56.55%
Abbott Laboratories	7,100		408,818
Abercrombie & Fitch Company, Class A	4,300		169,635
ACE, Ltd.	15,300		828,189
Adobe Systems, Inc. *	2,400		94,728
AFLAC, Inc.	35,300		2,073,875

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United States (continued)
Allergan, Inc.	39,600	$	2,039,400
Amazon.com, Inc. *	6,800		494,768
American Electric Power Company, Inc.	26,400		977,592
American Tower Corp., Class A *	3,600		129,492
Amgen, Inc. *	18,100		1,072,787
Analog Devices, Inc.	63,900		1,683,765
Apple, Inc. *	4,500		511,470
ArcelorMittal	7,239		366,407
AT&T, Inc.	54,700		1,527,224
Automatic Data Processing, Inc.	7,500		320,625
Baker Hughes, Inc.	34,400		2,082,576
Bank of New York Mellon Corp.	40,401		1,316,265
Baxter International, Inc.	8,000		525,040
Becton, Dickinson & Company	2,100		168,546
BlackRock, Inc.	1,000		194,500
BorgWarner, Inc.	39,100		1,281,307
Broadcom Corp., Class A *	32,000		596,160
Burlington Northern Santa Fe Corp.	21,700		2,005,731
Cameron International Corp. *	4,100		158,014
Campbell Soup Company	5,900		227,740
Carnival Corp.	43,200		1,527,120
Cephalon, Inc. *	4,900		379,701
Chesapeake Energy Corp.	3,400		121,924
Chevron Corp.	20,100		1,657,848
Cisco Systems, Inc. *	27,700		624,912
Citigroup, Inc.	149,300		3,062,143
City National Corp.	11,000		597,300
Coach, Inc. *	21,400		535,856
Colgate-Palmolive Company	3,200		241,120
Comcast Corp., Class A	138,000		2,708,940
CONSOL Energy, Inc.	3,600		165,204
Constellation Brands, Inc., Class A *	44,900		963,554
Covidien, Ltd.	19,700		1,059,072
DaVita, Inc. *	10,400		592,904
Discover Financial Services	72,650		1,004,023
EOG Resources, Inc.	8,700		778,302
Exelon Corp.	33,500		2,097,770
Express Scripts, Inc. *	3,400		250,988
FedEx Corp.	28,800		2,276,352
Fifth Third Bancorp	114,100		1,357,790
Fortune Brands, Inc.	19,400		1,112,784
Freeport-McMoRan Copper & Gold, Inc.,
Class B	1,300		73,905
General Dynamics Corp.	3,100		228,222
General Electric Company	139,000		3,544,500
Genzyme Corp. *	34,000		2,750,260
Goldman Sachs Group, Inc.	4,200		537,600
Google, Inc., Class A *	1,700		680,884
Halliburton Company	69,500		2,251,105
Hartford Financial Services Group, Inc.	19,200		787,008
Hewlett-Packard Company	33,600		1,553,664
Illinois Tool Works, Inc.	49,500		2,200,275
Intel Corp.	189,600		3,551,208
International Game Technology	12,800		219,904
Interpublic Group of Companies, Inc. *	137,300		1,064,075
Intuit, Inc. *	43,200		1,365,552

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

119

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United States (continued)
J. Crew Group, Inc. *	10,000	$	285,700
Johnson & Johnson	35,600		2,466,368
Johnson Controls, Inc.	58,600		1,777,338
JPMorgan Chase & Company	4,400		205,480
Laboratory Corp. of America Holdings *	7,700		535,150
Marathon Oil Corp.	29,800		1,188,126
Masco Corp.	93,900		1,684,566
MasterCard, Inc., Class A	4,300		762,519
Medco Health Solutions, Inc. *	39,700		1,786,500
Medtronic, Inc.	30,800		1,543,080
Microsoft Corp.	99,500		2,655,655
Millipore Corp. *	12,000		825,600
Monsanto Company	2,200		217,756
Morgan Stanley	69,300		1,593,900
NetApp, Inc. *	56,100		1,022,703
News Corp., Class A	108,800		1,304,512
NiSource, Inc.	25,100		370,476
Nortel Networks Corp. *	542		1,214
Northern Trust Corp.	2,200		158,840
Omnicom Group, Inc.	31,100		1,199,216
Oracle Corp. *	7,000		142,170
PACCAR, Inc.	37,950		1,449,310
Pall Corp.	22,600		777,214
Peabody Energy Corp.	23,800		1,071,000
Pepco Holdings, Inc.	20,700		474,237
PepsiCo, Inc.	4,700		334,969
Pharmaceutical Product Development, Inc.	14,500		599,575
Praxair, Inc.	6,000		430,440
Precision Castparts Corp.	3,000		236,340
Principal Financial Group, Inc.	33,600		1,461,264
Procter & Gamble Company	2,100		146,349
Prudential Financial, Inc.	4,700		338,400
QUALCOMM, Inc.	17,600		756,272
Royal Caribbean Cruises, Ltd.	20,900		433,675
Ryder Systems, Inc.	10,600		657,200
Schering-Plough Corp.	69,200		1,278,124
Schlumberger, Ltd.	1,900		148,371
Sempra Energy	25,100		1,266,797
Sherwin-Williams Company	4,700		268,652
Southwest Airlines Company	35,600		516,556
Southwestern Energy Company *	6,200		189,348
Sprint Nextel Corp.	263,795		1,609,149
Starbucks Corp. *	66,300		985,881
Starwood Hotels & Resorts Worldwide, Inc.	28,200		793,548
Stryker Corp.	6,800		423,640
Sunoco, Inc.	13,600		483,888
SunTrust Banks, Inc.	30,900		1,390,191
Symantec Corp. *	18,244		357,218
Sysco Corp.	49,100		1,513,753
T. Rowe Price Group, Inc.	2,290		122,996
Target Corp.	7,800		382,590
UBS Emerging Markets Equities Fund *	161,431		4,169,069
UBS High Yield Fund *	658,905		13,216,582
Ultra Petroleum Corp. *	13,100		724,954
Union Pacific Corp.	3,700		263,292
United Technologies Corp.	7,700		462,462

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United States (continued)
UnitedHealth Group, Inc.		18,400	$	467,176
Visa, Inc.		10,100		620,039
VMware, Inc. Class A *		25,800		687,312
Wells Fargo & Company		92,200		3,460,266
Wyeth		62,100		2,293,974
Wynn Resorts, Ltd. *		7,300		595,972
Xilinx, Inc.		50,800		1,191,260
XTO Energy, Inc.		6,275		291,913
Zimmer Holdings, Inc. *		16,800		1,084,608
				137,331,118
TOTAL COMMON STOCKS (Cost $229,978,459)			$	193,403,103
U.S. TREASURY OBLIGATIONS - 5.99%
Federal Home Loan Bank - 0.38%
3.375% due 10/20/2010		100,000		100,058
3.625% due 08/15/2011		820,000		824,924
				924,982
Treasury Inflation Protected
Securities (d) - 0.68%
2.00% due 01/15/2016		1,673,171		1,652,910
U.S. Treasury Bonds - 1.29%
4.75% due 02/15/2037		2,695,000		2,882,810
8.125% due 08/15/2019		175,000		234,869
				3,117,679
U.S. Treasury Notes - 3.64%
2.375% due 08/31/2010		3,945,000		3,976,822
3.875% due 05/15/2018		3,665,000		3,688,336
4.875% due 04/30/2011		1,105,000		1,182,522
				8,847,680
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $14,489,485)			$	14,543,251
U.S. GOVERNMENT AGENCY OBLIGATIONS - 7.72%
Federal Home Loan Mortgage Corp. - 1.86%
2.375% due 05/28/2010		410,000		404,834
4.50% due 06/01/2034		238,488		225,325
5.128% due 05/01/2037		596,342		595,343
5.50% due 04/01/2018 to 09/01/2038		2,295,620		2,290,035
5.75% due 09/15/2010	EUR	35,000		49,989
6.00% due 03/01/2029	$	22,709		23,181
6.50% due 11/01/2029 to 02/01/2038		900,511		926,495
				4,515,202
Federal National Mortgage
Association - 5.35%
3.00% due 07/12/2010		345,000		344,214
3.50% due 04/28/2011		355,000		355,345
3.875% due 07/12/2013		590,000		588,766
4.572% due 09/01/2035		622,623		613,555
5.00% due 10/15/2010 to 08/01/2036		681,752		668,902
5.00% TBA **		1,650,000		1,607,719
5.25% due 08/01/2012		90,000		90,198
5.50% due 10/01/2017 to 05/01/2038		2,768,921		2,770,417
5.625% due 07/15/2037		240,000		254,376
6.00% due 06/01/2014 to 06/01/2038		2,118,506		2,143,713

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

120

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PORTFOLIO OF INVESTMENTS - September 30, 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 National Mortgage
Association (continued)
6.152% due 04/01/2036	$	629,395	$	641,182
6.50% due 06/01/2017 to 12/01/2037		680,578		699,396
7.50% due 07/25/2041		128,018		137,282
5.50% due 10/01/2038		2,060,000		2,088,235
				13,003,300
Government National Mortgage
Association - 0.51%
6.00% due 07/15/2029		671,548		686,815
6.50% due 08/15/2027 to 04/15/2031		519,263		543,991
				1,230,806
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $18,819,390)			$	18,749,308
FOREIGN GOVERNMENT OBLIGATIONS - 0.67%
Canada - 0.02%
Canadian Government Bond
5.25% due 06/01/2012	CAD	45,000		45,357
France - 0.18%
Government of France
3.50% due 07/12/2009	EUR	130,000		182,822
3.75% due 04/25/2021		100,000		130,848
4.00% due 04/25/2055		95,000		115,545
				429,215
Germany - 0.05%
Federal Republic of Germany
4.00% due 01/04/2037		95,000		121,025
Italy - 0.29%
Republic of Italy
2.10% due 09/15/2017		59,090		78,993
3.75% due 08/01/2021		50,000		62,380
4.25% due 08/01/2013		237,000		330,893
4.50% due 02/01/2018		170,000		234,827
				707,093
Spain - 0.04%
Kingdom of Spain
5.75% due 07/30/2032		65,000		100,821
Sweden - 0.01%
Kingdom of Sweden
6.75% due 05/05/2014	SEK	190,000		31,495
United Kingdom - 0.08%
Government of United Kingdom
4.25% due 12/07/2027	GBP	35,000		58,830
4.75% due 12/07/2038		30,000		55,530
5.8553% due 09/07/2015		45,000		82,066
				196,426
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $1,763,701)			$	1,631,432
CORPORATE BONDS - 2.27%
France - 0.02%
France Telecom SA
7.75% due 03/01/2011	$	30,000		31,485

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Germany - 0.11%
Kreditanstalt fuer Wiederaufbau, Series E, MTN
4.625% due 10/12/2012	EUR	190,000	$	268,775
Ireland - 0.02%
GE Capital European Funding, Series E, MTN
4.625% due 08/23/2010		40,000		53,118
Italy - 0.02%
Intesa Sanpaolo SpA, EMTN
6.375% due 04/06/2010		35,000		50,000
Netherlands - 0.04%
E.ON International Finance BV, EMTN
5.125% due 10/02/2012		40,000		56,262
Rabobank Nederland, EMTN
4.125% due 04/04/2012		35,000		47,917
				104,179
Switzerland - 0.05%
Credit Suisse New York
5.75% due 02/15/2018	$	145,000		126,324
United Kingdom - 0.07%
Abbey National PLC
7.95% due 10/26/2029		25,000		24,138
Halifax PLC
9.375% due 05/15/2021	GBP	30,000		49,629
Lloyds TSB Bank PLC, EMTN
6.625% due 03/30/2015		30,000		49,773
Royal Bank of Scotland PLC
9.625% due 06/22/2015		20,000		36,629
				160,169
United States - 1.94%
Allergan, Inc.
5.75% due 04/01/2016	$	200,000		192,345
Anadarko Petroleum Corp.
5.95% due 09/15/2016		35,000		32,169
AOL Time Warner, Inc.
6.875% due 05/01/2012		225,000		223,087
AT&T Wireless Services, Inc.
8.75% due 03/01/2031		30,000		33,170
AT&T, Inc.
6.50% due 09/01/2037		100,000		85,068
Avalonbay Communities, Inc.
7.50% due 08/01/2009		15,000		15,053
Bank of America Corp.
5.42% due 03/15/2017		300,000		238,801
Bank One Corp.
7.875% due 08/01/2010		85,000		87,158
Bear Stearns Companies, Inc.
7.25% due 02/01/2018		220,000		211,722
Bellsouth Corp.
6.55% due 06/15/2034		35,000		30,007
Boeing Capital Corp.
6.10% due 03/01/2011		50,000		52,490
Burlington Northern Santa Fe Corp.
7.082% due 05/13/2029		25,000		25,084
Citigroup, Inc.
6.875% due 03/05/2038		75,000		61,347
Citigroup, Inc., Series E, MTN
5.50% due 11/18/2015	GBP	30,000		44,614

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

121

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
Comcast Cable Communications, Inc.
6.75% due 01/30/2011	$	125,000	$	126,787
CVS Caremark Corp.
5.75% due 06/01/2017		135,000		126,156
Dominion Resources, Inc.
5.95% due 06/15/2035		75,000		62,047
DTE Energy Company
6.35% due 06/01/2016		105,000		97,901
Exelon Generation Company LLC
5.35% due 01/15/2014		85,000		77,051
Ford Motor Credit Company LLC
5.80% due 01/12/2009		730,000		693,116
General Electric Capital Corp.
5.875% due 01/14/2038		210,000		154,822
General Electric Capital Corp., Series A, MTN
6.00% due 06/15/2012		160,000		154,428
General Motors Acceptance Corp.
6.875% due 09/15/2011		110,000		49,081
HSBC Finance Corp.
6.75% due 05/15/2011		130,000		130,672
ICI Wilmington, Inc.
4.375% due 12/01/2008		130,000		129,766
International Lease Finance Corp.
3.50% due 04/01/2009		360,000		323,710
JP Morgan Chase Capital XXV, Series Y
6.80% due 10/01/2037		100,000		76,655
Kinder Morgan Energy Partners LP
5.125% due 11/15/2014		90,000		82,157
7.40% due 03/15/2031		250,000		231,287
MetLife, Inc.
5.00% due 11/24/2013		125,000		118,317
Morgan Stanley
6.75% due 04/15/2011		215,000		159,125
Pacific Gas & Electric Company
6.05% due 03/01/2034		50,000		44,134
ProLogis
5.625% due 11/15/2015		90,000		78,686
PSEG Power LLC
6.95% due 06/01/2012		145,000		147,899
Residential Capital Corp.
6.125% due 11/21/2008		60,000		51,000
Sprint Capital Corp.
6.875% due 11/15/2028		100,000		67,000
Washington Mutual Bank
5.50% due 01/15/2013		325,000		406
Wells Fargo Bank NA
5.95% due 08/26/2036		250,000		195,648
				4,709,966
TOTAL CORPORATE BONDS (Cost $6,546,984)			$	5,504,016
COLLATERALIZED MORTGAGE
OBLIGATIONS - 1.92%
United States - 1.92%
Banc of America Commercial Mortgage, Inc.,
Series 2002-PB2, Class C
6.349% due 06/11/2035		345,000		342,021

Global Allocation Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-1, Class 4A1
5.3489% due 03/25/2035 (b)	$	4,304	$	3,698
Citigroup Commercial Mortgage Trust,
Series 2006-C5, Class A4
5.431% due 10/15/2049		325,000		284,476
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2006-16, Class M1
6.2527% due 11/25/2036 (b)		984,241		349,397
Federal Home Loan Mortgage Corp.,
Series 2006-3178, Class MC
6.00% due 04/15/2032		475,000		487,338
G-Force CDO, Ltd. Series 2006-1A, Class A3
5.60% due 09/27/2046 (g)		375,000		236,250
GS Mortgage Securities Corp., II,
Series 2006-CC1, Class A
6.3477% due 03/21/2046 (b)(g)		1,022,512		511,256
GS Mortgage Securities Corp., II,
Series 2006-RR2, Class A1
5.6803% due 06/23/2046 (b)(g)		1,247,891		792,411
GSR Mortgage Loan Trust,
Series 2005-4F, Class 3A1
6.50% due 04/25/2020		202,099		193,131
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class A4
5.399% due 05/15/2045		425,000		369,674
JPMorgan Commercial Mortgage Finance Corp.,
Series 1999-C8, Class A2
7.40% due 07/15/2031		105,909		105,961
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-3, Class B
5.525% due 07/12/2046 (b)		125,000		82,427
Morgan Stanley Dean Witter
Capital I, Series 2000-LIFE, Class A2
7.57% due 11/15/2036		113,971		115,254
WaMu Mortgage Pass Through Certificates, Series
2007-HY1, Class 1A1
5.714% due 02/25/2037 (b)		4,424		3,257
WaMu Mortgage Pass-Through Certificates, Series
2002-AR17, Class 1A
4.279% due 11/25/2042 (b)		162,165		144,422
Washington Mutual, Inc., Series 2007-HY1, Class
LB1
5.7967% due 02/25/2037 (b)		998,757		406,238
Wells Fargo Mortgage Backed Securities Trust,
Series 2007-10, Class 1A1
6.00% due 07/25/2037		298,019		241,954
				4,669,165
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $7,172,980)			$	4,669,165
ASSET BACKED SECURITIES - 0.33%
United States - 0.33%
Fieldstone Mortgage Investment Corp., Series
2006-S1, Class A
3.4269% due 01/25/2037 (b)(g)		913		110

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

122

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PORTFOLIO OF INVESTMENTS - September 30, 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)
Greenpoint Home Equity Loan Trust,
Series 2004-3, Class A
4.6962% due 03/15/2035 (b)	$	20,815	$	15,872
GSAMP Trust, Series 2006-S5, Class A2
5.658% due 09/25/2036		491,732		63,636
Harley-Davidson Motorcycle Trust, Series 2007-2,
Class B
5.23% due 03/17/2014		675,000		593,281
Home Equity Mortgage
Trust, Series 2006-3, Class A2
5.594% due 09/25/2036 (b)		500,000		76,774
Merrill Lynch Mortgage Investors, Inc., Series
2006-SL1, Class A
3.3869% due 09/25/2036 (b)		35,291		20,742
Nomura Asset Acceptance Corp., Series 2006-S4,
Class A1
3.3769% due 08/25/2036 (b)		114,834		29,372
				799,787
TOTAL ASSET BACKED SECURITIES
(Cost $1,831,859)			$	799,787
SUPRANATIONAL OBLIGATIONS - 0.05%
Luxembourg - 0.05%
European Investment Bank
4.75% due 06/06/2012	GBP	30,000		52,886
European Investment Bank, Series INTL
5.375% due 10/15/2012	EUR	50,000		72,873
				125,759
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $131,179)			$	125,759
REPURCHASE AGREEMENTS - 1.95%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$4,727,164 on 10/01/2008,
collateralized by $4,705,000
Federal Home Loan Mortgage
Corp., 5.20% due 10/24/2012
(valued at $4,822,625, including
interest)	$	4,727,000	$	4,727,000
TOTAL REPURCHASE AGREEMENTS
(Cost $4,727,000)			$	4,727,000
Total Investments (Global Allocation Trust)
(Cost $285,461,037) - 100.53%			$	244,152,821
Liabilities in Excess of Other Assets - (0.53)%				(1,283,598)
TOTAL NET ASSETS - 100.00%			$	242,869,223

The portfolio had the following five top industry concentrations as of September 30, 2008 (as a percentage of total net assets):

Mutual Funds	7.16%
Financial Services	6.19%
Banking	4.93%
Insurance	3.83%
Healthcare Products	3.23%

Global Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 8.94%
U.S. Treasury Notes - 8.61%
2.50% due 03/31/2013	$	2,200,000	$	2,158,407
4.25% due 08/15/2013		24,200,000		25,570,712
4.50% due 05/15/2017		47,500,000		50,154,300
				77,883,419
U.S. Treasury Strips - 0.33%
zero coupon due 05/15/2017		4,300,000		3,020,892
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $80,384,372)			$	80,904,311
U.S. GOVERNMENT AGENCY OBLIGATIONS - 42.45%
Federal Home Loan Mortgage Corp. - 3.62%
5.134% due 03/01/2035 (b)		930,240		914,359
5.50% TBA **		32,000,000		31,797,501
				32,711,860
Federal National Mortgage
Association - 22.72%
3.5569% due 03/25/2044 (b)		177,218		173,084
3.6069% due 09/25/2032 (b)		45,458		43,014
4.503% due 11/01/2034 (b)		3,137,650		3,134,687
4.942% due 12/01/2034 (b)		680,225		686,701
5.00% due 11/25/2032 to 08/01/2037		4,831,084		4,497,829
5.00% TBA **		9,000,000		8,758,434
5.068% due 05/01/2035 (b)		546,381		537,073
5.50% due 03/01/2048 to 12/01/2099		9,754,822		9,638,409
5.50% TBA **		40,600,000		40,435,062
6.00% TBA **		57,000,000		57,730,284
6.50% TBA **		78,000,000		79,974,336
				205,608,913
Government National Mortgage
Association - 15.95%
5.125% due 11/20/2023 to 10/20/2026 (b)		105,173		106,401
5.25% due 01/20/2030 (b)		38,003		38,077
5.375% due 02/20/2024 to 06/20/2030 (b)		137,955		139,061
6.00% due 08/20/2034 to 09/20/2038		35,276,863		35,537,712
6.00% TBA **		82,000,000		83,094,556
6.50% due 08/20/2038		2,876,476		2,923,556
6.50% TBA **		22,000,000		22,512,186
				144,351,549
Small Business Administration - 0.16%
4.12% due 03/01/2014		1,327,162		1,244,226
6.64% due 02/10/2011		37,573		38,445
7.22% due 11/01/2020		146,995		153,586
				1,436,257
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $385,223,797)			$	384,108,579
FOREIGN GOVERNMENT OBLIGATIONS - 50.86%
Australia - 0.02%
Commonwealth of Australia
5.75% due 06/15/2011	AUD	250,000		200,805
Canada - 1.17%
Province of Ontario, Canada
4.70% due 06/02/2037	CAD	3,400,000		3,026,279
5.00% due 12/01/2038		5,200,000		4,730,791

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

123

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Canada (continued)
Government of Canada (continued)
5.00% due 06/01/2037	CAD	1,600,000	$	1,701,856
5.75% due 12/01/2036		1,000,000		1,015,912
6.35% due 06/18/2031		125,000		136,695
				10,611,533
Denmark - 0.03%
Realkredit Danmark A/S, Series 73D
5.00% due 10/01/2038 (b)	DKK	1,387,234		236,581
Finland - 0.33%
Republic of Finland
5.75% due 02/23/2011	EUR	2,030,000		2,985,094
France - 5.11%
Government of France
4.00% due 04/25/2055		600,000		729,761
4.00% due 04/25/2014		400,000		560,181
4.00% due 10/25/2038		13,300,000		16,519,398
4.75% due 04/25/2035		500,000		702,183
5.00% due 10/25/2011		4,550,000		6,624,752
5.50% due 04/25/2010		5,190,000		7,500,909
5.75% due 10/25/2032		8,500,000		13,589,412
				46,226,596
Germany - 8.51%
Federal Republic of Germany
4.00% due 01/04/2037		1,100,000		1,401,341
4.25% due 07/04/2039		5,200,000		6,901,826
4.75% due 07/04/2034		1,600,000		2,283,227
5.50% due 01/04/2031		5,900,000		9,221,844
5.625% due 01/04/2028		8,800,000		13,883,085
6.25% due 01/04/2024		5,900,000		9,853,517
6.25% due 01/04/2030		11,575,000		19,645,111
6.50% due 07/04/2027		8,000,000		13,854,445
				77,044,396
Ireland - 1.02%
Republic of Ireland
4.40% due 06/18/2019		6,700,000		9,194,569
Italy - 0.39%
Republic of Italy
4.25% due 08/01/2014		1,800,000		2,509,106
4.25% due 11/01/2009		140,000		197,817
5.50% due 11/01/2010		560,000		810,726
				3,517,649
Japan - 30.59%
Government of Japan
0.50% due 06/20/2013	JPY	130,000,000		1,192,757
0.80% due 12/10/2015		481,280,000		4,251,899
0.90% due 12/20/2012		3,350,000,000		31,374,937
1.00% due 06/10/2016		1,509,690,000		13,465,206
1.10% due 12/10/2016		2,346,000,000		20,988,379
1.10% due 09/20/2012		5,930,000,000		56,062,768
1.20% due 03/10/2017		296,670,000		2,668,091
1.20% due 06/10/2017		5,376,440,000		48,125,343
1.20% due 03/20/2012		340,000,000		3,225,906
1.40% due 06/10/2018		40,640,000		367,978
1.50% due 12/20/2017		4,940,000,000		46,941,217

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Japan (continued)
Government of Japan (continued)
1.60% due 09/20/2013	JPY	400,000,000	$	3,863,882
1.80% due 06/20/2017		80,000,000		777,186
2.30% due 06/20/2035		2,035,000,000		19,118,878
2.30% due 05/20/2030		165,000,000		1,570,950
2.40% due 03/20/2034		450,000,000		4,318,210
2.50% due 03/20/2036		250,000,000		2,441,378
2.50% due 09/20/2036		1,640,000,000		16,015,008
				276,769,973
Netherlands - 0.39%
Kingdom of Netherlands
5.00% due 07/15/2011	EUR	100,000		145,346
5.50% due 01/15/2028		2,190,000		3,376,962
				3,522,308
Spain - 0.66%
Banco Bilbao Vizcaya Argentaria SA
2.75% due 06/07/2010		1,100,000		1,492,215
Kingdom of Spain
4.20% due 07/30/2013		100,000		140,294
4.75% due 07/30/2014		600,000		862,435
6.15% due 01/31/2013		2,420,000		3,521,689
				6,016,633
United Kingdom - 2.64%
Government of United Kingdom
4.25% due 06/07/2032	GBP	7,700,000		12,916,679
4.50% due 12/07/2042		2,200,000		3,888,156
5.75% due 12/07/2009		25,000		45,415
6.00% due 12/07/2028		335,000		697,603
8.00% due 12/07/2015		500,000		1,081,520
8.00% due 09/27/2013		2,540,000		5,263,411
				23,892,784
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $455,009,742)			$	460,218,921
CORPORATE BONDS - 51.42%
British Virgin Islands - 0.11%
C10 Capital SPV, Ltd.
6.722% due 12/01/2049 (b)(g)	$	1,100,000		1,018,028
Canada - 2.65%
Alcan, Inc.
6.45% due 03/15/2011		1,100,000		1,128,280
Canada Housing Trust No 1
3.95% due 06/15/2013	CAD	12,500,000		11,817,712
Canadian Natural Resources, Ltd.
6.70% due 07/15/2011	$	1,100,000		1,089,561
DaimlerChrysler Canada Finance, Inc., MTN
4.85% due 03/30/2009	CAD	1,100,000		1,037,633
Honda Canada Finance, Inc., Series E, MTN
3.6936% due 03/26/2012 (b)		10,200,000		8,886,845
				23,960,031
Cayman Islands - 2.15%
Foundation Re II, Ltd.
9.5569% due 11/26/2010 (b)(g)	$	600,000		593,256

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

124

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Cayman Islands (continued)
Green Valley, Ltd.
8.562% due 01/10/2011 (b)(g)	EUR	1,200,000	$	1,676,859
Mitsubishi UFJ Financial Group, Inc., Capital
Finance 1, Ltd.
6.346% due 07/29/2049 (b)	$	2,900,000		2,194,746
Mizuho Finance, Ltd.
1.8163% due 09/28/2049 (b)	JPY	200,000,000		1,880,239
2.4363% due 12/31/2049 (b)		200,000,000		1,895,905
Mizuho Financial Group (Cayman), Ltd.
8.375% due 12/29/2049	$	1,800,000		1,544,868
MUFG Capital Finance 2, Ltd.
4.85% due 12/31/2049 (b)	EUR	2,900,000		2,645,294
Mystic Re, Ltd.
11.8106% due 12/05/2008 (b)(g)	$	500,000		500,000
Pylon, Ltd., Class B
8.86% due 12/29/2008 (b)(g)	EUR	600,000		837,500
Residential Reinsurance 2007 Ltd., Series CL5
10.5606% due 06/07/2010 (b)(g)	$	2,900,000		2,907,427
SMFG Preferred Capital
6.078% due 01/29/2049 (b)(g)		2,600,000		1,856,530
STB Finance Cayman, Ltd.
1.6963% due 08/12/2049 (b)	JPY	100,000,000		937,296
				19,469,920
Denmark - 0.76%
Nykredit
6.00% due 10/01/2029	DKK	232,110		44,013
Nykredit Realkredit AS, Series IOH
5.00% due 10/01/2038 (b)		10,995,780		1,840,279
Realkredit Danmark A/S, Series 83D
5.00% due 10/01/2038		28,894,343		4,955,652
Unikredit Realred
6.00% due 07/01/2029		26,559		5,006
				6,844,950
France - 1.49%
Axa, SA
3.75% due 01/01/2017	EUR	231,700		614,048
BNP Paribas Covered Bonds SA, EMTN
4.75% due 05/28/2013		2,700,000		3,756,322
BNP Paribas, EMTN
5.25% due 01/23/2014 (b)		125,000		173,209
Caisse Nationale des Caisses d'Epargne et de
Prevoyance, EMTN
6.117% due 10/29/2049 (b)		2,400,000		2,252,015
Credit Agricole SA
6.637% due 12/31/2049 (b)(g)	$	2,900,000		1,955,400
France Telecom SA
7.5 due 03/14/2011	GBP	405,000		749,119
GIE PSA Tresorerie
5.875% due 09/27/2011	EUR	250,000		349,201
Vivendi
5.75% due 04/04/2013	$	3,700,000		3,617,601
				13,466,915
Germany - 0.93%
Deutsche Bank AG
4.875% due 05/20/2013		3,500,000		3,343,113
5.375% due 10/12/2012		3,100,000		2,987,036

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Germany (continued)
KFW International Finance, Inc.
1.75% due 03/23/2010	JPY	185,000,000	$	1,761,616
Kreditanstalt Fuer Wiederaufbau
5.00% due 07/04/2011	EUR	250,000		359,642
				8,451,407
Iceland - 0.35%
Glitnir Banki HF
3.2262% due 01/21/2011 (b)(g)	$	900,000		684,820
3.255% due 01/18/2012 (b)(g)		1,100,000		837,254
Kaupthing Bank HF
5.75% due 10/04/2011 (g)		1,000,000		794,870
Landsbanki Islands HF
3.5106% due 08/25/2009 (b)(g)		1,000,000		863,091
				3,180,035
Ireland - 0.34%
Bank of Ireland
6.45% due 02/10/2010	EUR	1,000,000		1,414,635
GE Capital UK Funding, EMTN
6.00% due 04/11/2013	GBP	1,000,000		1,625,105
				3,039,740
Italy - 0.70%
Edison SpA, EMTN
5.125% due 12/10/2010	EUR	210,000		296,036
Intesa Sanpaolo SpA, EMTN
6.375% due 11/12/2017 (b)	GBP	3,050,000		5,243,671
Telecom Italia SpA, EMTN
6.25% due 02/01/2012	EUR	580,000		794,282
				6,333,989
Japan - 1.06%
Bank of Tokyo-Mitsubishi UFJ, Ltd., Series E, MTN
3.50% due 12/16/2015 (b)		900,000		1,189,266
Mizuho Finance, Ltd.
2.8813% due 04/27/2049 (b)	JPY	100,000,000		945,069
Mizuho Trust & Banking Company
2.8813% due 04/27/2009		100,000,000		947,979
Resona Bank, Ltd.
5.85% due 09/29/2049 (b)(g)	$	2,700,000		1,985,807
Sumitomo Mitsui Banking Corp.
4.375% due 10/27/2014 (b)	EUR	250,000		343,993
5.625% due 07/29/2049 (b)(g)	$	500,000		399,439
Sumitomo Mitsui Banking Corp., Series E, MTN
1.7181% due 12/31/2049 (b)	JPY	100,000,000		941,242
1.8438% due 12/01/2049 (b)		300,000,000		2,834,092
				9,586,887
Jersey Channel Islands - 0.33%
HBOS Capital Funding LP
9.54% due 03/12/2049 (b)	GBP	1,700,000		2,468,561
HSBC Capital Funding LP
8.03% due 12/29/2049 (b)	EUR	350,000		482,063
				2,950,624
Luxembourg - 0.35%
Gaz Capital SA
7.343% due 04/11/2013 (g)	$	2,100,000		1,900,500
8.146% due 04/11/2018 (g)		1,100,000		962,500

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

125

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Luxembourg (continued)
Gazstream SA for Gazprom OAO, Series REGS
5.625% due 07/22/2013	$	180,620	$	169,782
Telecom Italia Finance SA, EMTN
7.5 due 04/20/2011	EUR	125,000		180,487
				3,213,269
Netherlands - 0.23%
Deutsche Telekom International Finance BV
8.125% due 05/29/2012		180,000		268,249
8.75 due 06/15/2030	$	800,000		773,648
E.ON International Finance BV, EMTN
5.75% due 05/29/2009	EUR	590,000		831,459
RWE Finance BV, EMTN
6.125% due 10/26/2012		125,000		182,158
				2,055,514
New Zealand - 0.39%
ANZ National International, Ltd.
6.20% due 07/19/2013 (g)	$	3,600,000		3,573,756
Norway - 0.42%
DnB NOR Boligkreditt, EMTN
4.50% due 05/16/2011	EUR	2,700,000		3,779,699
South Korea - 0.27%
Export-Import Bank of Korea, Series E, MTN
5.75% due 05/22/2013		1,800,000		2,431,691
Spain - 0.96%
Banco Santander SA
4.50% due 11/14/2012		1,400,000		1,921,797
Bankinter SA, Series E, MTN
5.00% due 05/14/2010		2,000,000		2,802,441
Santander Perpetual SA Unipersonal
6.671% due 10/29/2049 (b)(g)	$	1,600,000		1,491,432
Santander US Debt SA Unipersonal
2.8738% due 11/20/2009 (b)(g)		2,500,000		2,475,990
				8,691,660
Sweden - 0.08%
Spintab AB, Series 168
6.00% due 04/20/2009	SEK	5,000,000		723,874
Switzerland - 1.51%
Credit Suisse New York, MTN
5.00% due 05/15/2013	$	11,800,000		10,934,954
UBS AG/Stamford Branch, Series DPNT
5.875% due 12/20/2017		3,100,000		2,752,561
				13,687,515
Tunisia - 0.20%
Banque Centrale de Tunisie
4.50% due 06/22/2020	EUR	1,500,000		1,780,670
United Kingdom - 4.90%
Anglian Water Services Finance PLC, EMTN
4.625% due 10/07/2013		250,000		336,151
AWG PLC
5.375% due 07/02/2009		400,000		567,535
Bank of Scotland PLC, Series E, MTN
5.625% due 05/23/2013		7,100,000		9,046,721
Barclays Bank PLC
6.05% due 12/04/2017 (g)	$	11,500,000		10,695,771

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United Kingdom (continued)
Barclays Bank PLC (continued)
7.70% due 12/31/2049 (b)(g)	$	2,300,000	$	2,021,171
8.25% due 02/28/2049	GBP	1,600,000		2,628,409
British Sky Broadcasting Group PLC
6.10% due 02/15/2018	$	4,200,000		4,024,944
Cadbury Schweppes Investments PLC, EMTN
4.25% due 06/30/2009	EUR	675,000		940,536
HBOS PLC
5.92% due 09/29/2049 (b)(g)	$	2,800,000		1,651,348
6.75% due 05/21/2018 (g)		3,100,000		2,599,279
HSBC Holdings PLC
6.50% due 05/02/2036		3,100,000		2,567,597
Lloyds TSB Bank PLC
5.625% due 07/15/2049 (b)	EUR	1,020,000		1,396,358
National Grid PLC, EMTN
4.98% due 06/22/2011	CAD	2,000,000		1,882,095
NGG Finance PLC
6.125% due 08/23/2011	EUR	250,000		359,811
Pearson Dollar Finance Two PLC
5.50% due 05/06/2013 (g)	$	3,000,000		3,002,730
Royal Bank of Scotland Group PLC
7.0916% due 10/29/2049	EUR	500,000		453,593
Royal Bank of Scotland PLC, EMTN
4.875% due 03/26/2009		125,000		173,692
				44,347,741
United States - 31.24%
ACE INA Holdings, Inc.
5.875% due 06/15/2014	$	500,000		490,960
Alcoa, Inc.
6.00% due 01/15/2012		2,575,000		2,587,363
Allstate Life Global Funding II, MTN
3.4613% due 05/21/2010 (b)		6,000,000		5,968,002
Allstate Life Global Funding Trusts, MTN
5.375% due 04/30/2013		2,700,000		2,606,429
American Express Bank FSB
5.50% due 04/16/2013		5,700,000		5,216,788
American Express Bank FSB, BKNT
2.6369% due 06/12/2012 (b)		1,400,000		1,262,100
American Express Company
7.00% due 03/19/2018		6,900,000		6,089,788
American Express Credit Corp., MTN
5.1087% due 05/27/2010 (b)		1,400,000		1,316,564
5.875% due 05/02/2013		2,000,000		1,843,298
American General Finance Corp.
6.90% due 12/15/2017		3,000,000		1,391,076
American International Group, Inc.
8.00% due 05/22/2038 (b)(g)	EUR	6,700,000		1,414,839
8.175% due 05/15/2058 (g)	$	5,100,000		816,989
American International Group, Inc., MTN
5.85% due 01/16/2018		3,300,000		1,656,425
American International Group, Inc., Series A3
4.875% due 03/15/2067 (b)	EUR	1,700,000		358,989
Amgen, Inc.
2.8894% due 11/28/2008 (b)	$	1,450,000		1,446,052
6.15% due 06/01/2018		6,000,000		5,858,730
Autozone, Inc.
5.875% due 10/15/2012		800,000		785,807

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

126

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
Bank of America Corp.
8.125% due 12/29/2049	$	2,600,000	$	2,100,644
Bank of America Corp., MTN
4.75% due 05/23/2017 (b)	EUR	4,600,000		5,747,727
Bank of America NA, Series BKN1
3.4037% due 05/12/2010 (b)	$	600,000		592,148
Bear Stearns Companies, Inc.
6.95% due 08/10/2012		5,000,000		5,050,620
7.25% due 02/01/2018		6,800,000		6,544,150
BellSouth Corp.
5.20% due 09/15/2014		1,000,000		937,830
Boston Scientific Corp.
6.00% due 06/15/2011		800,000		756,000
6.40% due 06/15/2016		1,600,000		1,520,000
Charter One Bank NA, BKNT
2.845% due 04/24/2009 (b)		7,000,000		6,984,747
CIT Group, Inc., MTN
2.9269% due 08/17/2009 (b)		3,000,000		2,413,752
Citigroup Capital XXI
8.30% due 12/21/2057 (b)		5,400,000		4,023,329
Citigroup Funding, Inc., MTN
3.8519% due 05/07/2010 (b)		5,600,000		5,280,677
Citigroup, Inc.
2.8306% due 12/28/2009 (b)		2,600,000		2,515,989
2.8481% due 12/26/2008 (b)		2,400,000		2,383,229
5.50% due 04/11/2013		5,400,000		4,713,449
6.00% due 08/15/2017		2,900,000		2,456,692
6.125% due 05/15/2018		10,200,000		8,445,641
8.40% due 04/29/2049 (b)		3,300,000		2,246,178
Clorox Company
5.45% due 10/15/2012		3,000,000		2,989,221
CNA Financial Corp.
5.85% due 12/15/2014		4,000,000		3,741,148
6.00% due 08/15/2011		1,600,000		1,595,258
Computer Sciences Corp.
6.50% due 03/15/2018 (g)		3,000,000		2,881,428
ConocoPhillips Australia Funding Company
2.8912% due 04/09/2009 (b)		3,192,000		3,160,770
Consolidated Edison Company of New York, Inc.
5.85% due 04/01/2018		1,700,000		1,613,963
Consumers Energy Company
5.00% due 02/15/2012		700,000		673,218
CVS Caremark Corp.
5.75% due 08/15/2011		300,000		304,428
DaimlerChrysler NA Holding Corp.
4.875% due 06/15/2010		300,000		298,649
DaimlerChrysler NA Holding Corp., MTN
5.75% due 09/08/2011		400,000		394,920
Darden Restaurants, Inc.
6.20% due 10/15/2017		3,000,000		2,537,241
EchoStar DBS Corp.
5.75% due 10/01/2008		300,000		300,000
Exelon Corp.
4.90% due 06/15/2015		1,000,000		880,540
Financing Corp Fico, Series 13P
zero coupon due 12/27/2018		11,300,000		7,061,460
GATX Financial Corp.
5.50% due 02/15/2012		3,000,000		3,039,453

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
General Electric Capital Corp.
4.625% due 09/15/2066 (b)(g)	EUR	100,000	$	82,804
6.375% due 11/15/2067 (b)	$	3,200,000		2,589,350
6.625% due 02/04/2010	NZD	250,000		160,420
General Electric Capital Corp., MTN
3.7119% due 05/22/2013 (b)	$	3,100,000		2,957,983
General Motors Acceptance Corp.
6.75% due 12/01/2014		1,300,000		498,958
GMAC LLC
4.0544% due 05/15/2009 (b)		1,300,000		940,733
4.75% due 09/14/2009	EUR	200,000		180,199
Goldman Sachs Group, Inc.
3.6537% due 03/22/2016 (b)	$	1,100,000		655,331
5.95% due 01/18/2018		800,000		659,971
6.15% due 04/01/2018		3,000,000		2,494,542
6.25% due 09/01/2017		9,900,000		8,288,270
Goldman Sachs Group, Inc., Series E, MTN
5.375% due 02/15/2013	EUR	1,300,000		1,509,306
Health Care Property Investors, Inc.
5.95% due 09/15/2011	$	300,000		283,117
International Lease Finance Corp.
5.35% due 03/01/2012		1,100,000		814,279
Johnson Controls, Inc.
5.25% due 01/15/2011		900,000		910,355
JP Morgan & Company, Inc., Series A, MTN
5.8857% due 02/15/2012 (b)		360,000		359,971
JP Morgan Chase & Company, MTN
5.058% due 02/22/2021 (b)	CAD	1,000,000		839,032
JP Morgan Chase Bank NA
4.375% due 11/30/2021 (b)	EUR	1,900,000		1,918,788
JP Morgan Chase Capital XXII, Series V
6.45% due 02/02/2037	$	1,800,000		1,304,177
JPMorgan Chase & Company
6.00% due 01/15/2018		5,200,000		4,741,734
JPMorgan Chase Bank NA, BKNT
6.00% due 10/01/2017		2,000,000		1,833,174
JPMorgan Chase Capital XX, Series T
6.55% due 09/29/2036		1,300,000		955,868
Kinder Morgan Energy Partners LP, MTN
6.95% due 01/15/2038		4,000,000		3,428,084
Kraft Foods, Inc.
6.25% due 06/01/2012		1,200,000		1,206,284
Lehman Brothers Holdings, Inc., MTN
5.46% due 11/16/2009 ^ (b)		6,200,000		775,000
5.625% due 01/24/2013 ^		4,500,000		562,500
6.875% due 05/02/2018 ^		2,100,000		262,500
Loews Corp.
5.25% due 03/15/2016		400,000		385,037
Longpoint Re, Ltd.
8.0638% due 05/08/2010 (b)(g)		1,600,000		1,628,160
Marsh & McLennan Companies, Inc.
5.15% due 09/15/2010		900,000		877,635
5.75% due 09/15/2015		5,000,000		4,686,950
Masco Corp.
5.875% due 07/15/2012		300,000		286,577
May Department Stores Company
4.80% due 07/15/2009		300,000		293,210
Merrill Lynch & Company, Inc., MTN
2.8394% due 10/23/2008 (b)		2,000,000		1,998,760

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

127

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
Merrill Lynch & Company, Inc., MTN (continued)
2.8944% due 08/14/2009 (b)	$	400,000	$	385,762
5.0538% due 05/12/2010 (b)		8,900,000		8,584,575
6.875% due 04/25/2018		6,200,000		5,485,450
Metropolitan Life Global Funding I
5.125% due 04/10/2013 (g)		5,400,000		5,245,970
Metropolitan Life Global Funding I, MTN
2.8469% due 05/17/2010 (b)(g)		2,900,000		2,861,958
Morgan Stanley
3.2706% due 10/15/2015 (b)		2,100,000		1,145,561
6.25% due 08/28/2017		500,000		310,021
Morgan Stanley, MTN
4.9044% due 05/14/2010 (b)		4,700,000		3,431,193
6.00% due 04/28/2015		9,300,000		6,326,111
6.625% due 04/01/2018		3,900,000		2,580,985
Morgan Stanley, Series F, MTN
2.8519% due 05/07/2009 (b)		2,800,000		2,427,617
Nabors Industries, Inc.
6.15% due 02/15/2018 (g)		3,000,000		2,860,242
News America Holdings, Inc.
6.75% due 01/09/2038		125,000		121,671
Nisource Finance Corp.
5.40% due 07/15/2014		400,000		366,804
Nordstrom, Inc.
6.25% due 01/15/2018		3,000,000		2,793,681
NRG Energy, Inc.
6.48% due 02/01/2013		947,590		839,801
PLD International Finance LLC
4.375% due 04/13/2011	EUR	350,000		454,623
Pricoa Global Funding I
3.6063% due 06/26/2012 (b)(g)	$	3,700,000		3,553,032
Principal Life Income Funding Trusts, MTN
5.30% due 04/24/2013		2,200,000		2,193,092
ProLogis
5.625% due 11/15/2015		2,000,000		1,748,588
Reynolds American, Inc.
3.5187% due 06/15/2011 (b)		800,000		761,514
Ryder System, Inc., MTN
5.85% due 11/01/2016		1,100,000		1,043,755
Sara Lee Corp.
6.25% due 09/15/2011		800,000		806,696
Sealed Air Corp.
5.625% due 07/15/2013 (g)		4,200,000		4,124,677
Simon Property Group LP
6.125% due 05/30/2018		3,000,000		2,657,403
Spectra Energy Capital LLC
6.20% due 04/01/2018		5,000,000		4,619,540
Sprint Capital Corp.
6.375% due 05/01/2009		50,000		49,000
8.75% due 03/15/2032		300,000		234,000
Sprint Nextel Corp.
6.00% due 12/01/2016		1,400,000		1,078,000
Starwood Hotels & Resorts Worldwide, Inc.
6.75% due 05/15/2018		3,000,000		2,681,982
State Street Capital Trust IV
3.7762% due 06/01/2067 (b)		2,300,000		1,517,052
Supervalu, Inc.
7.50% due 11/15/2014		200,000		194,000

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
United States (continued)
Tate & Lyle International Finance PLC
5.00% due 11/15/2014 (g)	$	400,000	$	352,068
The Cleveland Electric Illuminating Company
5.70% due 04/01/2017		3,000,000		2,686,926
Time Warner, Inc.
3.0338% due 11/13/2009 (b)		2,400,000		2,304,228
Unicredit Luxembourg Finance SA
2.8463% due 10/24/2008 (b)(g)		400,000		399,685
Valero Energy Corp.
6.125% due 06/15/2017		3,000,000		2,808,033
Verizon Communications, Inc.
6.10% due 04/15/2018		3,400,000		3,139,594
6.40% due 02/15/2038		4,300,000		3,588,866
Viacom, Inc.
5.75% due 04/30/2011		1,200,000		1,165,788
Wal-Mart Stores, Inc.
5.25% due 09/28/2035	GBP	250,000		384,636
Wells Fargo & Company
4.375% due 01/31/2013	$	2,700,000		2,481,899
Xerox Corp.
9.75% due 01/15/2009		1,200,000		1,219,980
				282,679,816
TOTAL CORPORATE BONDS (Cost $542,624,266)			$	465,267,731
MUNICIPAL BONDS - 1.98%
California - 1.18%
Golden State Tobacco Securitization Corp.,
California Tobacco Settlement Revenue, Series
A-1
5.125% due 06/01/2047		200,000		134,086
5.75% due 06/01/2047		6,505,000		4,852,600
Los Angeles California Wastewater
Systems Revenue, Series A
5.00% due 06/01/2027		200,000		186,856
Metropolitan Water District Southern California
Waterworks Revenue
5.00% due 10/01/2036		45,000		41,804
State of California
5.00% due 06/01/2032		2,200,000		2,019,798
5.00% due 11/01/2037		3,800,000		3,459,178
				10,694,322
Illinois - 0.44%
Chicago Illinois Transit Authority, Series A
6.899% due 12/01/2040		3,600,000		3,794,760
Chicago Illinois, Series A
0.136% due 01/01/2030 (b)		230,000		155,231
				3,949,991
Iowa - 0.05%
Tobacco Settlement Authority of Iowa, Tobacco
Settlement Revenue, Series A
6.50% due 06/01/2023		535,000		468,045
Kentucky - 0.01%
Louisville & Jefferson Kentucky Sewer, Series A
5.00% due 05/15/2036		100,000		91,478

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

128

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
MUNICIPAL BONDS (continued)
New York - 0.08%
New York City Municipal Water Finance Authority,
Water & Sewer Revenue, Series 1289
0.035% due 06/15/2038 (b)	$	200,000	$	126,530
New York City Transitional Financial Authority
5.00% due 02/01/2028		285,000		271,075
Tobacco Settlement Financing Corp., Asset
Backed Series A-1-Callable
5.25% due 06/01/2013		310,000		310,270
				707,875
Ohio - 0.22%
Buckeye Tobacco Settlement Financing Authority
5.875% due 06/01/2047		2,700,000		1,992,384
Puerto Rico - 0.00%
Puerto Rico Sales Tax Financing Corp.
zero coupon due 08/01/2054		800,000		44,080
TOTAL MUNICIPAL BONDS (Cost $20,323,100)			$	17,948,175
COLLATERALIZED MORTGAGE
OBLIGATIONS - 17.16%
Australia - 1.26%
Puma Finance, Ltd., Series 2004-P10, Class BA
7.51% due 07/12/2036 (b)	AUD	1,015,684		791,256
Puma Finance, Ltd., Series 2005-P11, Class BA
7.52% due 08/22/2037 (b)		5,365,580		4,087,745
Swan, Series 2006-1E, Class A2
7.45% due 05/12/2037 (b)		3,301,352		2,544,349
Torrens Trust, Series 2007-1, Class A
7.8733% due 09/19/2014 (b)		5,144,109		3,970,822
				11,394,172
Cayman Islands - 0.00%
SHL Corp Ltd., Series 1999-1A, Class A2
1.60% due 12/25/2024 (b)(g)	JPY	806,140		7,576
Ireland - 0.38%
Immeo Residential Finance PLC, Series 2007-2,
Class A
5.118% due 12/15/2016 (b)	EUR	2,122,445		2,797,983
Lusitano Motgages PLC, Series 1, Class A
5.238% due 12/15/2035 (b)		442,515		609,888
				3,407,871
Italy - 0.78%
IntesaBci Sec 2 Srl, Series 2003-1, Class A2
5.245% due 08/28/2023 (b)		465,408		636,350
Seashell Securities PLC, Series 2001-II, Class A
5.263% due 07/25/2028 (b)		378,416		531,716
Siena Mortgages, Series 2003-4, Class A2
5.188% due 12/16/2038 (b)		3,639,940		4,927,628
Vela Home Srl, Series 2003-1, Class A1
5.241% due 10/24/2027 (b)		692,401		958,855
				7,054,549
Netherlands - 0.43%
Arena BV, Series 2000-I, Class A
6.10% due 11/15/2062 (b)		500,000		700,740
Atomium Mortgage Finance BV,
Series 2003-I, Class A
4.721% due 04/18/2009 (b)		125,493		175,824

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Netherlands (continued)
Delphinus BV, Series 2001-II, Class A1
5.255% due 11/28/2031 (b)	EUR	257,829	$	357,173
Delphinus BV, Series 2002-I, Class A1
5.213% due 04/25/2092 (b)		144,543		202,820
Delphinus BV, Series 2003-I, Class A1
5.243% due 04/25/2093 (b)		500,000		698,382
Dutch MBS BV, Series X, Class B
5.227% due 10/02/2079 (b)		752,872		1,046,406
Dutch MBS BV, Series XI, Class A1
5.208% due 11/02/2034 (b)		88,814		124,438
Dutch Mortgage Portfolio Loans, BV,
Series III, Class A
5.213% due 11/20/2035 (b)		212,462		289,487
Holland Euro-Denominated Mortgage
Backed Series, Series 2, Class A
5.227% due 04/18/2012 (b)		216,225		302,520
				3,897,790
Spain - 0.10%
Bancaja Fondo de Titulizacion de Activos, Series
2005-8, Class A
5.073% due 10/25/2037 (b)		834,859		957,431
United Kingdom - 0.64%
Bauhaus Securities, Ltd., Series 1, Class A2
5.282% due 10/30/2052 (b)		347,083		479,877
Haus, Ltd., Series 2000-1A, Class A2
4.815% due 12/10/2037 (b)(g)		196,158		271,114
Permanent Financing PLC,
Series 2004-4, Class 5A2
5.8869% due 06/10/2042 (b)	GBP	3,000,000		5,045,684
				5,796,675
United States - 13.57%
Adjustable Rate Mortgage Trust, Series 2005-5,
Class 2A1
5.1385% due 09/25/2035 (b)	$	292,901		232,076
American Home Mortgage Assets, Series 2006-5,
Class A1
3.775% due 11/25/2046 (b)		1,486,789		748,485
American Home Mortgage Investment Trust,
Series 2004-3, Class 5A
4.29% due 10/25/2034 (b)		204,769		163,659
Banc of America Funding Corp., Series 2005-E,
Class 1A1
3.4775% due 05/20/2035 (b)		678,892		396,491
Banc of America Funding Corp., Series 2006-J,
Class 4A1
6.1289% due 01/20/2047 (b)		405,916		274,447
Banc of America Mortgage Securities,
Series 2004-4, Class 1A9
5.00% due 05/25/2034		493,097		446,145
BCAP LLC Trust, Series 2006-AA2, Class A1
3.3769% due 01/25/2037 (b)		4,331,495		2,663,830
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-6, Class 1A1
3.949% due 08/25/2033 (b)		400,730		385,515
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-7, Class 6A
4.6439% due 10/25/2033 (b)		437,681		421,230

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

129

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-9, Class 2A1
4.4763% due 02/25/2034 (b)	$	59,925	$	48,697
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-2, Class 22A
4.4172% due 05/25/2034 (b)		821,786		758,427
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-2, Class 23A
4.6297% due 05/25/2034 (b)		276,661		265,584
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-9, Class 22A1
4.7713% due 11/25/2034 (b)		301,536		275,952
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-12, Class 23A1
5.7317% due 02/25/2036 (b)		1,637,301		1,246,432
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A1
4.125% due 03/25/2035 (b)		4,801,925		4,460,339
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A2
4.125% due 03/25/2035 (b)		2,660,868		2,546,026
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-5, Class A1
4.15% due 08/25/2035 (b)		3,310,702		3,117,983
Bear Stearns Alt-A Trust, Series 2005-7, Class 22A1
5.5045% due 09/25/2036 (b)		2,044,668		1,645,941
Bear Stearns Alt-A Trust, Series 2005-9, Class 24A1
5.5773% due 11/25/2035 (b)		1,830,516		1,365,699
Bear Stearns Alt-A Trust, Series 2006-1, Class 21A2
5.8911% due 02/25/2036 (b)		3,305,921		2,277,758
Bear Stearns Structured Products, Inc., Series
2007-R6, Class 1A1
4.6389% due 01/26/2036 (b)		3,525,001		2,805,098
Citigroup Commercial Mortgage Trust, Series
2007-C6, Class A3B
5.8885% due 02/10/2017 (b)		1,400,000		1,193,349
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A1
4.7475% due 08/25/2035 (b)		1,371,443		1,303,184
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A2
4.2475% due 08/25/2035 (b)		1,552,359		1,478,524
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2007-CD4, Class A4
5.322% due 12/11/2049		5,600,000		4,673,352
Countrywide Alternative Loan Trust, Series
2005-21CB, Class A3
5.25% due 06/25/2035		499,059		412,406
Countrywide Alternative Loan Trust, Series
2005-56, Class 2A2
4.895% due 11/25/2035 (b)		212,895		142,255
Countrywide Alternative Loan Trust, Series
2005-56, Class 2A3
4.355% due 11/25/2035 (b)		255,474		167,927
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 2A1B
3.3875% due 07/20/2046 (b)		1,043,139		627,224

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Countrywide Alternative Loan Trust, Series
2007-11T1, Class A12
3.5569% due 05/25/2037 (b)	$	706,812	$	402,816
Countrywide Alternative Loan Trust, Series
2007-16CB, Class 5A1
6.25% due 08/25/2037		347,536		209,040
Countrywide Alternative Loan Trust, Series
2007-7T2, Class A9
6.00% due 04/25/2037		694,622		433,363
Countrywide Alternative Loan Trust, Series
2007-OA7, Class A1A
3.3869% due 05/25/2047 (b)		3,324,023		2,018,678
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-12, Class 11A1
4.7231% due 08/25/2034 (b)		169,206		133,722
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-22, Class A3
4.7957% due 11/25/2034 (b)		568,535		498,693
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB5, Class 2A1
4.8222% due 04/20/2035 (b)		291,328		264,539
Countrywide Home Loans,
Series 2004-25, Class 1A1
3.5369% due 02/25/2035 (b)		83,411		52,971
Countrywide Home Loans,
Series 2004-25, Class 2A1
3.5469% due 02/25/2035 (b)		123,457		85,701
Countrywide Mortgage Backed Securities, Inc.,
Series 2005-2, Class 2A1
3.5269% due 03/25/2035 (b)		190,493		113,095
CS First Boston Mortgage Securities Corp., Series
2003-AR18, Class 2A3
5.0769% due 07/25/2033 (b)		58,773		55,964
CS First Boston Mortgage Securities Corp., Series
2003-AR20, Class 2A1
4.5571% due 08/25/2033 (b)		884,018		878,538
CS First Boston Mortgage Securities Corp.,
Series 2002-AR13, Class 3A
5.5492% due 05/25/2032 (b)		10,820		10,534
CS First Boston Mortgage Securities Corp.,
Series 2003-8, Class 5A1
6.50% due 04/25/2033		56,461		52,387
CSAB Mortgage Backed Trust,
Series 2006-1, Class A1A
3.3069% due 06/25/2036 (b)		40,365		40,242
Downey Savings & Loan Association Mortgage
Loan Trust, Series 2006-AR2, Class 2AB3
3.34% due 03/19/2017 (b)		2,600,000		1,037,346
Federal Home Loan Mortgage Corp., REMIC,
Series 2007-3336, Class GA
5.00% due 05/15/2027		4,916,765		5,026,742
Federal Home Loan Mortgage Corp., REMIC,
Series 2007-3346, Class FA
2.6969% due 02/15/2019 (b)		6,982,722		6,783,779
Federal Home Loan Mortgage Corp., Series 2752,
Class FM
2.8375% due 12/15/2030 (b)		342,914		338,257

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

130

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Federal Home Loan Mortgage Corp.,
Series 2003-2581, Class QG
5.00% due 12/15/2031	$	2,500,000	$	2,467,072
Federal Home Loan Mortgage Corp.,
Series 2005-2922, Class EH
4.50% due 07/15/2023		3,938,153		3,879,371
Federal Home Loan Mortgage Corp.,
Series 2005-3037, Class BC
4.50% due 02/15/2020		5,204,754		5,160,389
Federal Home Loan Mortgage Corp., Structured
Pass Through Securities, Series T-62, Class
1A1
4.2776% due 10/25/2044 (b)		2,836,982		2,736,160
First Alliance Mortgage Loan,
Series 1997-4, Class A3
3.4175% due 12/20/2027 (b)		31,583		24,237
First Horizon Asset Securities, Inc., Series
2003-AR2, Class 2A1
4.4283% due 07/25/2033 (b)		140,254		137,817
First Horizon Asset Securities, Inc., Series
2003-AR4, Class 2A1
4.5932% due 12/25/2033 (b)		362,356		340,403
First Horizon Asset Securities, Inc., Series
2005-AR3, Class 2A1
5.357% due 08/25/2035 (b)		288,081		248,781
First Republic Mortgage Loan Trust,
Series 2001-FRB1, Class A
2.8375% due 11/15/2031 (b)		116,771		108,475
GMAC Mortgage Corp. Loan Trust, Series
2004-AR1, Class 22A
4.2817% due 06/25/2034 (b)		58,579		41,287
GMAC Mortgage Corp. Loan Trust,
Series 2004-J4, Class A1
5.50% due 09/25/2034		308,650		305,553
Greenpoint Mortgage Funding Trust, Series
2006-AR6, Class A1A
2.5519% due 10/25/2046 (b)		3,127,624		2,687,345
Greenpoint Mortgage Funding Trust, Series
2006-OH1, Class A1
3.3869% due 01/25/2037 (b)		518,484		313,412
Greenpoint Mortgage Pass-Through Certificates,
Series 2003-1, Class A1
5.4541% due 10/25/2033 (b)		53,118		51,808
GS Mortgage Securities Corp., Series 2003-1,
Class A2
3.1719% due 01/25/2032 (b)		110,951		94,289
GSR Mortgage Loan Trust, Series 2003-1, Class A2
4.5113% due 03/25/2033 (b)		386,978		364,779
Harborview Mortgage Loan Trust, Series 2003-1,
Class A
5.15% due 05/19/2033 (b)		618,296		580,666
Harborview Mortgage Loan Trust, Series 2005-4,
Class 3A1
5.1453% due 07/19/2035 (b)		111,168		96,669
Harborview Mortgage Loan Trust,
Series 2006-12, Class 2A2A
3.22% due 01/19/2038		916,955		551,938

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
Indymac Index Mortgage Loan Trust, Series
2004-AR11, Class 2A
5.0483% due 12/25/2034 (b)	$	158,322	$	129,070
JP Morgan Alternative Loan Trust, Series 2006-A6,
Class 2A1
5.50% due 11/25/2036 (b)		1,219,991		922,338
JP Morgan Mortgage Trust, Series 2003-A2, Class
3A1
4.3755% due 11/25/2033 (b)		409,288		398,529
JP Morgan Mortgage Trust,
Series 2007-A1, Class 5A5
4.7655% due 07/25/2035 (b)		4,624,616		4,139,431
JPMorgan Mortgage Trust, Series 2005-A1, Class
6T1
5.0228% due 02/25/2035 (b)		884,283		769,559
Mastr Adjustable Rate Mortgages Trust, Series
2004-6, Class 4A4
4.1279% due 07/25/2034 (b)		351,499		339,357
Mastr Adjustable Rate Mortgages Trust, Series
2007-HF1, Class A1
3.4469% due 05/25/2037 (b)		848,606		494,279
Mellon Residential Funding Corp., Series
2000-TBC3, Class A1
2.9275% due 12/15/2030 (b)		130,435		121,128
Merrill Lynch Alternative Note Asset, Series
2007-AF1, Class AV1
5.6483% due 06/25/2037 (b)		1,855,712		1,180,251
Merrill Lynch Credit Corp. Mortgage Investors, Inc.,
Series 1999-A, Class A
2.8675% due 03/15/2025 (b)		56,995		43,303
Merrill Lynch Mortgage Investors, Inc., Series
2003-A2, Class 1A1
6.0133% due 02/25/2033 (b)		278,787		272,073
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 1A
4.3525% due 10/25/2035 (b)		2,310,718		2,156,026
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 4A
3.4569% due 11/25/2035 (b)		1,952,522		1,766,686
Merrill Lynch Mortgage Investors, Inc., Series
2005-A10, Class A
2.6819% due 02/25/2036 (b)		6,384,860		5,179,074
Merrill Lynch Mortgage Investors, Inc., Series
2005-A8, Class A3A2
3.4569% due 08/25/2036 (b)		327,290		225,835
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2007-5, Class A4
5.378% due 08/12/2048		1,400,000		1,169,655
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2007-8, Class A3
6.1557% due 08/12/2049 (b)		3,200,000		2,778,129
Merrill Lynch/Countrywide Commercial
Mortgage Trust, Series 2006-3, Class A4
5.414% due 07/12/2046 (b)		2,400,000		2,104,669
Puma Finance, Ltd., Series 2006-G5, Class A1
2.8812% due 02/21/2038 (b)		1,325,625		1,265,972
Residential Accredit Loans, Inc., Series 2006-QA2,
Class 2A1
5.7143% due 02/25/2036 (b)		1,348,585		980,660

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

131

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Residential Accredit Loans, Inc., Series 2006-QO6,
Class A1
3.3869% due 06/25/2046 (b)	$	4,343,331	$	2,714,691
Residential Accredit Loans, Inc., Series 2007-QH4,
Class A2
3.4369% due 05/25/2037 (b)		1,436,084		490,033
Residential Accredit Loans, Inc., Series 2007-QO2,
Class A1
3.3569% due 02/25/2047 (b)		1,092,897		620,745
Residential Asset Securitization Trust, Series
2005-A15, Class 5A1
5.75% due 02/25/2036		735,740		580,778
Residential Asset Securitization Trust, Series
2006-R1, Class A2
3.6069% due 01/25/2046 (b)		1,087,079		674,230
Residential Funding Mortgage Securities I, Series
2005-SA4, Class 1A21
5.2065% due 09/25/2035 (b)		275,187		236,422
Sequoia Mortgage Trust, Series 5, Class A
3.38% due 10/19/2026 (b)		81,784		74,588
Sequoia Mortgage Trust, Series 2003-4, Class 2A1
3.5375% due 07/20/2033 (b)		309,985		256,083
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-1, Class 4A1
4.18% due 02/25/2034 (b)		305,072		261,870
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-12, Class 7A1
5.21% due 09/25/2034 (b)		1,369,531		1,252,421
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-4, Class 3A2
4.59% due 04/25/2034 (b)		669,255		597,558
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR5, Class 1A1
3.4169% due 05/25/2046 (b)		1,018,289		623,729
Thornburg Mortgage Securities Trust, Series
2003-5, Class 1A
5.4237% due 10/25/2043 (b)		1,773,387		1,534,534
WaMu Mortgage Pass Through Certificates, Series
2003-AR9, Class 1A6
4.5693% due 09/25/2033 (b)		1,000,000		1,000,383
WaMu Mortgage Pass Through Certificates, Series
2006-AR19, Class 1A
3.595% due 01/25/2047 (b)		1,046,348		569,284
WaMu Mortgage Pass-Through Certificates, Series
2002-AR17, Class 1A
4.279% due 11/25/2042 (b)		736,450		655,871
WaMu Mortgage Pass-Through Certificates, Series
2002-AR2, Class A
4.079% due 02/27/2034 (b)		151,290		142,813
WaMu Mortgage Pass-Through Certificates, Series
2003-AR5, Class A7
4.5592% due 06/25/2033 (b)		219,946		214,681
WaMu Mortgage Pass-Through Certificates, Series
2005-AR15, Class A1A1
3.4669% due 11/25/2045 (b)		388,872		245,941
WaMu Mortgage Pass-Through Certificates, Series
2005-AR2, Class 2A1A
2.7819% due 01/25/2045 (b)		111,301		74,116

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
United States (continued)
WaMu Mortgage Pass-Through Certificates, Series
2005-AR6, Class 2A1A
2.7019% due 04/25/2045 (b)	$	217,942	$	142,505
WaMu Mortgage Pass-Through Certificates,
Series 2003-R1, Class A1
3.7469% due 12/25/2027 (b)		358,023		307,975
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2006-AR5,
Class 3A
3.795% due 07/25/2046 (b)		707,237		386,734
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR11, Class 1A1
4.6155% due 06/25/2035 (b)		8,187,444		7,493,294
				122,758,196
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $171,182,538)			$	155,274,260
ASSET BACKED SECURITIES - 6.83%
Ireland - 0.48%
Cars Alliance Funding PLC, Series 2007-1, Class A
5.079% due 10/08/2023 (b)	EUR	1,400,000		1,876,001
SC Germany Auto, Series 2007-1, Class A
4.585% due 08/11/2015 (b)		1,756,574		2,429,106
				4,305,107
Netherlands - 0.09%
Globaldrive BV, Series 2007-1, Class B
4.873% due 06/20/2015 (b)		650,000		835,002
United States - 6.26%
Access Group, Inc., Series 2008-1, Class A
4.093% due 10/27/2025 (b)	$	2,400,000		2,376,000
Amortizing Residential Collateral Trust,
Series 2002-BC4, Class A
3.4969% due 07/25/2032 (b)		6,344		4,501
Amresco Residential Securities,
Series 1999-1, Class A
4.1469% due 06/25/2029 (b)		27,650		24,638
BA Credit Card Trust, Series 2008-A5, Class A5
3.6875% due 12/16/2013 (b)		4,500,000		4,420,171
BA Credit Card Trust, Series 2008-A7, Class A7
3.1875% due 12/15/2014 (b)		5,600,000		5,350,569
Chase Issuance Trust, Series 2007-A1, Class A1
2.5075% due 03/15/2013 (b)		5,600,000		5,396,146
Ford Credit Auto Owner Trust, Series 2008-C,
Class A1
2.7762% due 06/15/2009		3,076,122		3,071,695
Ford Credit Auto Owner Trust, Series 2008-C,
Class A2B
3.3875% due 01/15/2011 (b)		5,500,000		5,441,530
Ford Credit Auto Owner Trust, Series 2008-C,
Class A3
3.9075% due 06/15/2012 (b)		4,400,000		4,285,912
Franklin Auto Trust, Series 2008-A, Class A2
4.1875% due 10/20/2011 (b)		2,800,000		2,777,594
Home Equity Asset Trust, Series 2002-1, Class A4
3.8069% due 11/25/2032 (b)		1,283		930

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

132

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
United States (continued)
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2006-CB17, Class A4
5.429% due 12/12/2043	$	1,700,000	$	1,476,593
Nelnet Student Loan Trust, Series 2008-4, Class A1
3.33% due 04/27/2015 (b)		3,099,846		3,102,893
Residential Asset Mortgage Products, Inc.,
Series 2002-RS3, Class AII1
3.7669% due 06/25/2032 (b)		20,226		17,643
Residential Asset Securities Corp.,
Series 2002-KS4, Class AIIB
3.7069% due 07/25/2032 (b)		59,493		47,001
Securitized Asset Backed Receivables LLC Trust,
Series 2007-NC1, Class A2A
3.2569% due 12/25/2036 (b)		2,489,976		2,343,266
SLM Student Loan Trust, Series 2008-4, Class A1
3.48% due 07/25/2013 (b)		1,185,156		1,183,930
SLM Student Loan Trust, Series 2008-9, Class A
4.1728% due 04/25/2023 (b)		10,000,000		10,037,500
Structured Asset Mortgage Investments, Inc.,
Series 2004-AR3, Class 1A2
3.32% due 07/19/2034 (b)		164,044		129,143
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C28, Class A4
5.572% due 10/15/2048 (b)		4,700,000		4,113,594
Wells Fargo Home Equity Trust,
Series 2005-2, Class AI1A
3.4369% due 10/25/2035 (b)(g)		1,069,938		1,036,299
				56,637,548
TOTAL ASSET BACKED SECURITIES
(Cost $63,833,433)			$	61,777,657
SUPRANATIONAL OBLIGATIONS - 0.10%
Japan - 0.10%
Inter-American Development Bank
1.90% due 07/08/2009	JPY	100,000,000		947,185
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $827,268)		$		947,185
PREFERRED STOCKS - 1.05%
United States - 1.05%
Bank of America Corp., 8.00%		9,000,000		7,126,803
DG Funding Trust, 6.01188% (b)(g)		236		2,401,300
				9,528,103
TOTAL PREFERRED STOCKS (Cost $11,585,600)			$	9,528,103
TERM LOANS - 1.50%
Australia - 0.26%
Seven Media Group, Term T1
9.414% due 02/07/2013 (b)	AUD	3,436,190		2,326,245
United States - 1.24%
Chrysler Financial
9.00% due 08/03/2012 (b)	$	5,500,320		3,771,514
Ford Motor Company, Term B
5.46% due 11/29/2013		982,500		673,317

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
United States (continued)
Georgia Pacific Corp.
4.5442% due 12/20/2012 (b)	$	1,875,284	$	1,666,227
HCA, Inc., Tranche B
5.0506% due 11/16/2013 (b)		1,970,000		1,753,871
MGM Studios, Term B
6.0506% due 04/08/2012 (b)		982,368		693,552
NRG Energy, Inc., Tranche B
6.60% due 02/01/2013 (b)		2,992,175		2,654,808
				11,213,289
TOTAL TERM LOANS (Cost $16,594,290)			$	13,539,534
OPTIONS - 1.76%
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		118,851
Over The Counter European Purchase Put Option
on the EUR vs. USD
Expiration 05/21/2010 at $1.3750 *		1,200,000		89,244
				208,095
Germany - 0.29%
EUREX American Call on Euro-Bobl Futures
Expiration 11/21/2008 at $115.20 *		22,500,000		25,341
Expiration 11/21/2008 at $117.00 *		10,700,000		5,272
EUREX American Put on Euro-Bobl Futures
Expiration 11/21/2008 at $99.50 *		21,000,000		1,478
EUREX American Put on Euro-Bund Futures
Expiration 11/21/2008 at $103.00 *		41,500,000		5,842
Over The Counter European Purchase Call Option
on the EUR vs. USD
Expiration 07/08/2010 at $1.392 *		12,000,000		1,057,371
Over The Counter European Purchase Put Option
on the EUR vs. USD
Expiration 10/10/2008 at $1.255 *		85,000,000		35,540
Expiration 07/08/2010 at $1.392 *		12,000,000		1,094,587
Over The Counter European Style Call on
EUR-LIBOR Rate Swaption
Expiration 09/14/2009 at $4.00 *		68,000,000		376,747
				2,602,178
United States - 1.45%
Chicago Board of Trade American Purchase Call
on U.S. Treasury Bond 30 yrs. Futures
Expiration 11/21/2008 at $139.00 *		74,000		1,156
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 10 yrs. Futures
Expiration 11/21/2008 at $138.00 *		1,409,000		22,016
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 5 yrs. Futures
Expiration 11/21/2008 at $127.00 *		191,000		1,492
Chicago Board of Trade American Purchase Put on
U.S. Treasury Bond Futures
Expiration 11/21/2008 at $89.00 *		501,000		7,828
Expiration 11/21/2008 at $94.00 *		74,000		1,156
Expiration 11/21/2008 at $96.00 *		329,000		5,141
Chicago Board of Trade American Purchase Put on
U.S. Treasury Note 10 yrs. Futures
Expiration 11/21/2008 at $100.00 *		335,000		5,234

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

133

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Bond Trust (continued)
	Shares or
	Principal
	Amount		Value
OPTIONS (continued)
United States (continued)
Chicago Board of Trade American Purchase Put on
U.S. Treasury Note 10 yrs. Futures (continued)
Expiration 11/21/2008 at $96.00 *	243,000	$	3,797
Expiration 11/21/2008 at $99.00 *	1,678,000		26,219
Over The Counter European Purchase Call on FG
TBA, 5.50%
Expiration 11/06/2008 at $107.50 *	2,000,000		0
Over The Counter European Purchase Call on
FNMA TBA, 6.00%
Expiration 10/07/2008 at $107.00 *	11,000,000		0
Over The Counter European Purchase Call on
FNMA TBA, 6.50%
Expiration 12/04/2008 at $107.50 *	4,000,000		0
Over The Counter European Purchase Call Option
on the EUR vs. USD
Expiration 05/19/2010 at $1.3665 *	2,400,000		247,670
Expiration 05/21/2010 at $1.3750 *	2,300,000		227,799
Over The Counter European Purchase Call Option
on the Treasury Note, 4.25%
Expiration 10/10/2008 at $118.00 *	24,200,000		0
Over The Counter European Purchase Call Option
on the Treasury Note, 4.625%
Expiration 10/10/2008 at $115.50 *	7,000,000		0
Over The Counter European Purchase Call Option
on the USD vs. JPY
Expiration 03/17/2010 at $103.80 *	12,000,000		509,268
Expiration 11/07/2008 at $125.00 *	38,000,000		13,186
Over The Counter European Purchase Put on FG
TBA, 5.50%
Expiration 12/04/2008 at $75.00 *	6,000,000		0
Over The Counter European Purchase Put on
FNMA TBA, 5.00%
Expiration 12/04/2008 at $72.00 *	9,000,000		0
Expiration 12/04/2008 at $72.00 *	40,000,000		0
Over The Counter European Purchase Put on
FNMA TBA, 5.50%
Expiration 12/04/2008 at $75.00 *	11,900,000		0
Expiration 12/04/2008 at $75.00 *	71,600,000		1
Expiration 11/06/2008 at $76.00 *	22,100,000		0
Over The Counter European Purchase Put on
FNMA TBA, 6.00%
Expiration 12/04/2008 at $81.00 *	81,000,000		1
Over The Counter European Purchase Put on
FNMA TBA, 6.50%
Expiration 12/04/2008 at $90.00 *	78,000,000		1
Over The Counter European Purchase Put on
GNMA TBA, 6.00%
Expiration 12/11/2008 at $81.00 *	52,000,000		1
Expiration 11/12/2008 at $82.00 *	6,000,000		0
Expiration 10/15/2008 at $85.00 *	33,000,000		0
Over The Counter European Purchase Put on
GNMA TBA, 6.50%
Expiration 11/21/2008 at $72.00 *	6,000,000		0
Expiration 12/11/2008 at $86.00 *	9,000,000		0
Expiration 11/12/2008 at $88.00 *	4,000,000		0
Over The Counter European Purchase Put Option
on the EUR vs. USD
Expiration 05/19/2010 at $1.3665 *	2,400,000		169,186
Expiration 05/21/2010 at $1.3750 *	2,300,000		171,051

Global Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
United States (continued)
Over The Counter European Purchase Put Option
on the USD vs. JPY
Expiration 03/17/2010 at $103.80 *		12,000,000	$	744,504
Over The Counter European Style Call on
USD-LIBOR Rate Swaption
Expiration 08/03/2009 at $3.45 *		15,400,000		113,683
Expiration 08/03/2009 at $3.45 *		95,800,000		707,196
Expiration 08/03/2009 at $3.45 *		14,500,000		107,039
Expiration 08/03/2009 at $3.50 *		315,800,000		2,451,966
Expiration 02/02/2009 at $3.50 *		101,000,000		809,596
Expiration 08/03/2009 at $3.85 *		52,700,000		569,366
Expiration 07/06/2009 at $4.25 *		100,500,000		1,546,866
Expiration 08/28/2009 at $5.00 *		56,200,000		1,365,682
Expiration 08/28/2009 at $5.00 *		110,100,000		2,675,474
Expiration 08/28/2009 at $5.00 *		24,500,000		595,360
				13,098,935
TOTAL OPTIONS (Cost $12,200,388)			$	15,909,208
REPURCHASE AGREEMENTS - 5.53%
JP Morgan Chase & Company
Tri-Party Repurchase Agreement
dated 09/30/2008 at zero coupon
to be repurchased at $27,500,000
on 10/01/2008, collateralized by
$28,429,000 Federal Home Loan
Mortgage Corp., 4.75% due
03/12/2018 (valued at
$28,099,195, including interest)	$	27,500,000	$	27,500,000
Repurchase Agreement with State Street
Corp. dated 09/30/2008 at 1.25% to be
repurchased at $22,493,781 on
10/01/2008, collateralized by $22,145,000
Federal Home Loan Mortgage Corp.,
5.25% due 04/03/2012 (valued at
$22,947,756, including interest)		22,493,000		22,493,000
TOTAL REPURCHASE AGREEMENTS
(Cost $49,993,000)			$	49,993,000
SHORT TERM INVESTMENTS - 5.40%
Bank Scotland PLC
2.90% due 12/01/2008	$	15,900,000	$	15,821,869
JP Morgan Chase & Company
zero coupon due 10/01/2008		18,700,000		18,700,000
Merrill Lynch Commercial Trust 2008-LAQ
2.9864% due 07/09/2009		2,700,000		2,457,000
U.S. Treasury Bills
zero coupon due 10/16/2008 to
12/26/2008		11,910,000		11,890,785
TOTAL SHORT TERM INVESTMENTS
(Cost $48,977,343)			$	48,869,654
Total Investments (Global Bond Trust)
(Cost $1,858,759,137) - 194.98%			$	1,764,286,318
Liabilities in Excess of Other Assets - (94.98)%				(859,432,173)
TOTAL NET ASSETS - 100.00%			$	904,854,145

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

134

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
FEDERAL HOME LOAN MORTGAGE CORP. - 1.38%
Federal Home Loan Mortgage Corp.
5.50%, TBA **	$	2,000,000		1,987,344
TOTAL FEDERAL HOME LOAN MORTGAGE
CORP. (Proceeds $1,983,984)				1,987,344
FEDERAL NATIONAL MORTGAGE
ASSOCIATION - 6.11%
Federal National Mortgage Association
5.00%, TBA **		7,000,000		6,820,625
5.50%, TBA **		2,000,000		1,990,624
TOTAL FEDERAL NATIONAL MORTGAGE
ASSOCIATION (Proceeds $8,884,336)			$	8,811,249
GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION - 0.70%
Government National Mortgage Association
6.00%, due 11/15/2037		1,000,000	$	1,004,062
TOTAL GOVERNMENT NATIONAL
MORTGAGE
ASSOCIATION (Proceeds $1,006,875)			$	1,004,062
U.S. TREASURY BONDS - 2.77%
U.S. Treasury Bonds
5.00%, due 05/15/2037		3,600,000	$	4,004,719
TOTAL U.S. TREASURY
BONDS (Proceeds $4,062,018)			$	4,004,719
U.S. TREASURY NOTES - 89.04%
U.S. Treasury Notes
2.50%, due 03/31/2013		2,200,000	$	2,158,407
4.25%, due 08/15/2013		24,200,000	$	25,570,712
4.875%, due 08/15/2016		45,000,000	$	48,708,990
4.50%, due 05/15/2017		47,500,000	$	50,154,300
3.50%, due 02/15/2018		1,900,000		1,863,188
TOTAL U.S. TREASURY
NOTES (Proceeds $128,918,166)			$	128,455,597
Total Securities Sold Short (Global Bond Trust)
(Proceeds $144,855,379)			$	144,262,971
Global Real Estate Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.06%
Australia - 10.25%
Abacus Property Group		233,622	$	170,917
Aspen Group, Ltd.		1,520,326		1,387,914
Becton Property Group		636,762		267,411
CFS Gandel Retail Trust		2,490,388		4,518,606
Charter Hall Group		1,588,179		1,118,791
Commonwealth Property Office Fund, Ltd.		1,093,110		1,287,987
Compass Hotel Group, Ltd. *		107,450		39,957
Dexus Property Group, REIT		4,597,142		5,407,593
FKP Property Group, Ltd.		260,729		810,477

Global Real Estate Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
General Property Trust, Ltd.	1,118,379	$	1,634,798
ING Industrial Fund	640,968		812,132
Macquarie CountryWide Trust	785,455		620,165
Macquarie Goodman Group, Ltd.	2,077,840		4,192,913
Macquarie Leisure Trust Group	881,617		1,041,237
Macquarie Office Trust	716,586		457,836
Mirvac Group, Ltd.	932,669		1,901,079
Stockland Company, Ltd.	1,883,843		8,457,104
Valad Property Group	956,317		234,101
Westfield Group	2,195,395		30,072,383
			64,433,401
Austria - 0.16%
Conwert Immobilien Invest AG *	108,678		1,025,079
Brazil - 0.12%
Iguatemi Empresa de Shopping Centers SA	98,950		733,194
Canada - 1.42%
Allied Properties Real Estate Investment Trust	129,600		2,257,725
Boardwalk Real Estate Investment Trust	55,500		1,861,734
Brookfield Properties Corp.	174,825		2,769,228
Chartwell Seniors Housing Real Estate
Investment Trust	309,450		2,064,454
			8,953,141
China - 0.24%
Shui On Land, Ltd. (a)	3,581,000		1,495,050
Finland - 0.54%
Sponda Oyj	250,000		1,508,355
Technopolis Oyj	275,000		1,905,873
			3,414,228
France - 4.00%
Fonciere Des Regions	32,500		3,393,809
ICADE	22,894		1,854,759
Klepierre SA	62,500		2,446,206
Societe de la Tour Eiffel	15,000		1,336,569
Unibail-Rodamco, REIT	79,501		16,085,457
			25,116,800
Germany - 0.04%
Magnat Real Estate Opportunities GmbH &
Company KGaA *	345,600		219,947
Guernsey - 0.19%
Camper & Nicholsons Marina Investments, Ltd. *	1,290,000		1,192,582
Hong Kong - 9.01%
China Overseas Land & Investment, Ltd.	4,870,666		5,903,452
China Resources Land, Ltd.	2,729,000		2,898,137
Hang Lung Properties, Ltd. (a)	2,472,408		5,820,133
Henderson Land Development Company, Ltd.	1,148,000		5,117,513
Kerry Properties, Ltd.	1,218,733		3,949,989
Link, REIT	3,158,000		6,564,748
New World China Land, Ltd.	1,726,000		410,804
New World Development Company, Ltd.	3,873,038		4,313,562
Sino Land Company, Ltd.	432,000		483,838
Sun Hung Kai Properties, Ltd.	2,052,185		21,147,307
			56,609,483

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

135

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Real Estate Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
India - 0.05%
DLF, Ltd.	44,000	$	335,003
Japan - 12.63%
Aeon Mall Company, Ltd.	190,400		5,674,745
Japan Real Estate Investment Corp., REIT	994		8,020,943
Japan Retail Fund Investment Corp., REIT	432		1,776,142
Mitsubishi Estate Company, Ltd.	1,238,000		24,394,968
Mitsui Fudosan Company, Ltd.	1,144,000		22,104,299
Nippon Building Fund, Inc., REIT	940		9,087,134
Sumitomo Realty &
Development Company, Ltd.	384,000		8,363,031
			79,421,262
Netherlands - 0.90%
Corio NV	30,000		2,131,435
NR Nordic and Russia Properties, Ltd. *	2,000,000		1,464,112
ProLogis European Properties *	233,455		2,079,195
			5,674,742
Norway - 0.04%
Scandinavian Property Development ASA *	128,960		241,459
Singapore - 3.62%
Allgreen Properties, Ltd. (a)	2,068,000		920,756
Ascendas India Trust * (a)	3,564,848		1,302,533
Ascendas, REIT *	1,750,820		2,312,885
Capitaland, Ltd. (a)	2,140,000		4,664,729
CapitaMall Trust *	1,924,000		3,068,217
City Developments, Ltd. (a)	276,000		1,725,856
Hong Kong Land Holdings, Ltd. (a)	2,397,000		7,180,949
Suntec Real Estate Investment Trust * (a)	1,921,000		1,570,592
			22,746,517
South Africa - 0.01%
Madison Property Fund Managers Holdings,
Ltd. *	120,005		88,668
Sweden - 0.53%
Hufvudstaden AB	175,000		1,359,310
Klovern AB	325,000		836,901
Lennart Wallenstam Byggnads AB, Series B	90,000		1,135,728
			3,331,939
United Kingdom - 8.27%
Aseana Properties, Ltd. *	1,025,000		422,429
Big Yellow Group PLC	190,376		1,118,068
British Land Company PLC	435,000		5,867,570
Capital & Regional PLC	814,876		2,497,363
Derwent Valley Holdings PLC	215,000		4,046,478
Equest Balkan Properties PLC	696,104		764,935
Great Portland Estates PLC	554,485		3,353,050
Hammerson PLC	250,000		4,407,471
Hansteen Holdings PLC	750,000		1,280,708
Helical Bar PLC	500,000		2,720,546
Hirco PLC *	229,964		616,058
Land Securities Group PLC	345,000		7,792,013
Liberty International PLC	120,000		2,075,005
London & Stamford Property, Ltd.	665,000		1,198,534
Mapeley, Ltd.	80,000		1,279,479
Minerva PLC *	473,480		297,768
Mucklow A & J Group PLC	50,000		251,081

Global Real Estate Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
North Real Estate Opportunities Fund, Ltd. *		600,000	$	764,436
Safestore Holdings, Ltd.		523,991		1,213,533
Segro PLC, REIT		408,154		3,077,315
South African Property Opportunities PLC *		1,250,000		988,929
Terrace Hill Group PLC		2,000,000		1,787,814
Unite Group PLC		1,007,644		4,141,610
				51,962,193
United States - 43.04%
American Campus Communities, Inc., REIT		137,700		4,665,276
Avalon Bay Communities, Inc., REIT		187,850		18,488,197
BioMed Realty Trust, Inc., REIT		115,750		3,061,587
Boston Properties, Inc., REIT		114,700		10,742,802
BRE Properties, Inc., Class A, REIT		112,300		5,502,700
Calloway Real Estate Investment Trust		43,750		767,090
Camden Property Trust, REIT		87,200		3,998,992
DCT Industrial Trust, Inc., REIT		143,950		1,078,186
Digital Realty Trust, Inc., REIT		149,720		7,074,270
Douglas Emmett, Inc., REIT		223,700		5,160,759
Equity Lifestyle Properties, Inc., REIT		118,340		6,275,570
Equity Residential, REIT		135,350		6,010,893
Extendicare Real Estate Investment Trust		192,550		1,257,432
Extra Space Storage, Inc., REIT		269,400		4,137,984
Federal Realty Investment Trust, REIT		166,000		14,209,600
General Growth Properties, Inc., REIT		224,300		3,386,930
Host Hotels & Resorts, Inc., REIT		617,330		8,204,316
Kimco Realty Corp., REIT		75,650		2,794,511
Liberty Property Trust, REIT		202,250		7,614,713
LTC Properties, Inc., REIT		90,580		2,655,806
Maguire Properties, Inc., REIT (a)		49,550		295,318
Medical Properties Trust, Inc., REIT (a)		196,987		2,235,802
Nationwide Health Properties, Inc., REIT		78,560		2,826,589
Omega Healthcare Investors, REIT		165,850		3,260,611
Post Properties, Inc., REIT		200,600		5,610,782
ProLogis, REIT		521,530		21,523,543
Public Storage, Inc., REIT		117,510		11,634,665
Regency Centers Corp., REIT		217,340		14,494,405
Saul Centers, Inc., REIT		24,700		1,248,338
Senior Housing Properties Trust, REIT		316,455		7,541,123
Simon Property Group, Inc., REIT		266,605		25,860,685
SL Green Realty Corp., REIT		98,550		6,386,040
Starwood Hotels & Resorts Worldwide, Inc.		47,489		1,336,340
Taubman Centers, Inc., REIT		152,950		7,647,500
The Macerich Company, REIT		88,150		5,610,748
Ventas, Inc., REIT		302,870		14,967,835
Vornado Realty Trust, REIT		230,771		20,988,622
				270,556,560
TOTAL COMMON STOCKS (Cost $733,516,238)			$	597,551,248
CONVERTIBLE BONDS - 0.02%
Germany - 0.02%
Colonia Real Estate AG, Series COLO
1.875% due 12/07/2011	EUR	185,500		144,529
TOTAL CONVERTIBLE BONDS (Cost $247,206)			$	144,529

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

136

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Global Real Estate Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 1.79%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	11,273,273	$	11,273,273
TOTAL SHORT TERM INVESTMENTS
(Cost $11,273,273)			$	11,273,273
REPURCHASE AGREEMENTS - 0.59%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$3,675,128 on 10/01/2008,
collateralized by $3,635,000
Federal Home Loan Mortgage
Corp., 5.40% due 06/04/2012
(valued at $3,752,629, including
interest)	$	3,675,000	$	3,675,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,675,000)			$	3,675,000
Total Investments (Global Real Estate Trust)
(Cost $748,711,717) - 97.46%			$	612,644,050
Other Assets in Excess of Liabilities - 2.54%				15,975,867
TOTAL NET ASSETS - 100.00%			$	628,619,917

The portfolio had the following five top industry concentrations as of September 30, 2008 (as a percentage of total net assets):

Real Estate	93.32%
Building Materials & Construction	0.82%
Investment Companies	0.60%
Hotels & Restaurants	0.22%
Retail Grocery	0.10%

Growth Equity Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.37%
Basic Materials - 3.01%
Monsanto Company	126,500	$	12,520,970
Communications - 12.39%
Amazon.com, Inc. *	88,600		6,446,536
America Movil SA de CV, Series L, ADR	44,300		2,053,748
Cisco Systems, Inc. *	476,700		10,754,352
Corning, Inc.	346,050		5,412,222
DIRECTV Group, Inc. *	223,850		5,858,154
Google, Inc., Class A *	26,250		10,513,650
Omnicom Group, Inc.	139,900		5,394,544
QUALCOMM, Inc.	117,850		5,064,015
			51,497,221
Consumer, Cyclical - 9.95%
Coach, Inc. *	126,600		3,170,064
CVS Caremark Corp.	168,050		5,656,563
GameStop Corp., Class A *	114,850		3,929,018
Lowe's Companies, Inc.	225,100		5,332,619
McDonald's Corp.	159,550		9,844,235

Growth Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
NIKE, Inc., Class B	200,500	$	13,413,450
			41,345,949
Consumer, Non-cyclical - 27.12%
Abbott Laboratories	140,700		8,101,506
Alcon, Inc.	73,050		11,798,305
Allergan, Inc.	100,650		5,183,475
Avon Products, Inc.	166,450		6,919,326
Becton, Dickinson & Company	52,650		4,225,689
Celgene Corp. *	112,100		7,093,688
Express Scripts, Inc. *	62,650		4,624,823
Genentech, Inc. *	70,200		6,225,336
Genzyme Corp. *	36,200		2,928,218
Gilead Sciences, Inc. *	124,950		5,695,221
Hologic, Inc. *	87,300		1,687,509
Intuitive Surgical, Inc. *	11,150		2,686,927
PepsiCo, Inc.	162,750		11,599,193
Procter & Gamble Company	168,300		11,728,827
Teva Pharmaceutical Industries, Ltd., SADR	136,100		6,232,019
The Kroger Company	208,950		5,741,946
Visa, Inc.	166,550		10,224,505
			112,696,513
Energy - 9.01%
CONSOL Energy, Inc.	92,250		4,233,352
Devon Energy Corp.	70,600		6,438,720
National Oilwell Varco, Inc. *	91,800		4,611,114
Pioneer Natural Resources Company	101,650		5,314,262
Quicksilver Resources, Inc. *	72,300		1,419,249
SunPower Corp., Class A *	20,750		1,471,798
Transocean, Inc. *	102,950		11,308,028
Weatherford International, Ltd. *	105,950		2,663,583
			37,460,106
Financial - 6.63%
Affiliated Managers Group, Inc. *	24,200		2,004,970
BlackRock, Inc.	20,800		4,045,600
Charles Schwab Corp.	414,300		10,771,800
Goldman Sachs Group, Inc.	41,750		5,344,000
IntercontinentalExchange, Inc. *	30,950		2,497,046
State Street Corp.	50,850		2,892,348
			27,555,764
Industrial - 11.41%
ABB, Ltd., SADR	231,450		4,490,130
Amphenol Corp., Class A	48,100		1,930,734
Boeing Company	29,150		1,671,752
Bucyrus International, Inc., Class A	64,235		2,870,020
Expeditors International of Washington, Inc.	120,850		4,210,414
McDermott International, Inc. *	133,150		3,401,983
Norfolk Southern Corp.	127,600		8,448,396
Owens-Illinois, Inc. *	139,800		4,110,120
Precision Castparts Corp.	72,350		5,699,733
SPX Corp.	45,700		3,518,900
United Technologies Corp.	117,350		7,048,041
			47,400,223
Technology - 15.83%
Adobe Systems, Inc. *	120,900		4,771,923

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

137

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Growth Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Apple, Inc. *		77,200		8,774,552
Autodesk, Inc. *		101,200		3,395,260
Broadcom Corp., Class A *		278,150		5,181,934
Cognizant Technology Solutions Corp.,
Class A *		180,600		4,123,098
Electronic Arts, Inc. *		88,950		3,290,260
Hewlett-Packard Company		199,500		9,224,880
Intel Corp.		405,500		7,595,015
Intersil Corp., Class A		120,100		1,991,258
Microsoft Corp.		212,350		5,667,622
Oracle Corp. *		403,050		8,185,946
Research In Motion, Ltd. *		52,700		3,599,410
				65,801,158
Utilities - 1.02%
Entergy Corp.		47,400		4,219,074
TOTAL COMMON STOCKS (Cost $475,120,304)			$	400,496,978
REPURCHASE AGREEMENTS - 4.03%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$16,755,582 on 10/01/2008,
collateralized by $17,010,000
Federal Home Loan Bank, 1.00%
due 01/08/2009 (valued at
$17,095,050, including interest)	$	16,755,000	$	16,755,000
TOTAL REPURCHASE AGREEMENTS
(Cost $16,755,000)			$	16,755,000
Total Investments (Growth Equity Trust)
(Cost $491,875,304) - 100.40%			$	417,251,978
Liabilities in Excess of Other Assets - (0.40)%				(1,655,815)
TOTAL NET ASSETS - 100.00%			$	415,596,163
Health Sciences Trust
		Shares or
		Principal
		Amount		Value
PREFERRED STOCKS - 0.07%
Pacific Biosciences, Ser E		21,900	$	153,300
TOTAL PREFERRED STOCKS (Cost $153,300)			$	153,300
COMMON STOCKS - 101.42%
Basic Materials - 2.79%
Bayer AG		6,600		483,365
Biogen Idec, Inc. *		10,000		502,900
Eli Lilly & Company		7,727		340,220
Monsanto Company		44,100		4,365,018
Symyx Technologies, Inc. *		40,800		404,328
				6,095,831
Consumer, Cyclical - 0.40%
China Nepstar Chain Drugstore Ltd., ADR		8,800		43,032
CVS Caremark Corp.		8,000		269,280
Shoppers Drug Mart Corp.		10,200		492,149

Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Walgreen Company	2,100	$	65,016
			869,477
Consumer, Non-cyclical - 92.22%
A&D Pharma Holding NV *	73,669		337,062
Abbott Laboratories	23,900		1,376,162
Acadia Pharmaceuticals, Inc. *	71,200		190,816
Acorda Therapeutics, Inc. *	56,361		1,344,210
Alcon, Inc.	14,400		2,325,744
Alexion Pharmaceuticals, Inc. *	213,000		8,370,900
Alexza Pharmaceuticals, Inc. *	37,400		184,756
Alkermes, Inc. *	134,300		1,786,190
Allergan, Inc.	36,400		1,874,600
Allos Therapeutics, Inc. *	61,600		456,456
Altus Pharmaceuticals, Inc. *	15,252		16,930
AMAG Pharmaceuticals, Inc. *	2,700		104,571
Amedisys, Inc. *	13,000		632,710
AMERIGROUP Corp. *	78,600		1,983,864
Amgen, Inc. *	59,500		3,526,565
Amylin Pharmaceuticals, Inc. *	54,100		1,093,902
Array BioPharma, Inc. *	24,100		185,088
ArthroCare Corp. *	30,400		842,688
Bangkok Dusit Medical Service PCL	758,000		693,975
Barr Pharmaceuticals, Inc. *	43,100		2,814,430
Basilea Pharmaceutica AG *	2,674		396,085
Baxter International, Inc.	97,000		6,366,110
Biocryst Pharmaceuticals, Inc. *	76,300		239,582
Biodel, Inc. *	49,400		165,490
BioMarin Pharmaceutical, Inc. *	159,600		4,227,804
Boston Scientific Corp. *	10,100		123,927
Bristol-Myers Squibb Company	40,500		844,425
C.R. Bard, Inc.	7,500		711,525
Cadence Pharmaceuticals, Inc. *	23,200		206,016
Cardinal Health, Inc.	31,600		1,557,248
Cardiome Pharma, Corp. *	18,100		137,560
Catalyst Health Solutions, Inc. *	44,200		1,154,504
Celgene Corp. *	61,066		3,864,256
Cell Genesys, Inc. *	48,700		28,733
Centene Corp. *	50,300		1,031,653
Cephalon, Inc. *	60,900		4,719,141
Charles River Laboratories International, Inc. *	54,300		3,015,279
Chugai Pharmaceutical Company, Ltd.	86,100		1,403,048
Combinatorx, Inc. *	53,600		173,128
Community Health Systems, Inc. *	40,900		1,198,779
Conceptus, Inc. *	111,700		1,851,986
Cougar Biotechnology, Inc. *	58,316		1,947,171
Covance, Inc. *	37,500		3,315,375
Coventry Health Care, Inc. *	32,450		1,056,248
Covidien, Ltd.	79,525		4,275,264
Cubist Pharmaceuticals, Inc. *	76,300		1,696,149
CV Therapeutics, Inc. *	15,800		170,640
Daiichi Sankyo Company, Ltd.	11,800		304,044
DaVita, Inc. *	15,595		889,071
deCODE genetics, Inc. *	128,800		50,232
DENTSPLY International, Inc.	43,000		1,614,220
Diagnosticos da America SA	11,200		149,792
Dyadic International, Inc. *	42,100		5,894

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

138

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Edwards Lifesciences Corp. *	29,500	$	1,703,920
Elan Corp. PLC, SADR *	183,600		1,959,012
EPIX Pharmaceuticals, Inc. *	58,400		60,152
Exelixis, Inc. *	92,400		561,792
Express Scripts, Inc. *	19,500		1,439,490
Fresenius AG	14,493		1,063,889
Genentech, Inc. *	58,300		5,170,044
Gen-Probe, Inc. *	15,200		806,360
Gilead Sciences, Inc. *	259,196		11,814,154
GlaxoSmithkline Pharmaceuticals, Ltd.	26,700		679,759
Health Net, Inc. *	51,300		1,210,680
Healthways, Inc. *	8,700		140,331
Henry Schein, Inc. *	60,300		3,246,552
Hikma Pharmaceuticals PLC	54,200		389,905
Human Genome Sciences, Inc. *	51,600		327,660
IDEXX Laboratories, Inc. *	8,500		465,800
Illumina, Inc. *	72,400		2,934,372
ImClone Systems, Inc. *	46,400		2,897,216
Immucor, Inc. *	47,075		1,504,517
Incyte Corp. *	250,600		1,917,090
Infinity Pharmaceuticals, Inc. *	45,775		354,756
Intercell AG *	7,200		237,110
Intermune, Inc. *	5,300		90,683
Intuitive Surgical, Inc. *	4,700		1,132,606
Invitrogen Corp. *	5,000		189,000
Ipsen SA	27,100		1,224,213
Johnson & Johnson	12,200		845,216
Laboratory Corp. of America Holdings *	12,500		868,750
LifePoint Hospitals, Inc. *	30,700		986,698
MAP Pharmaceuticals, Inc. *	10,900		110,308
Masimo Corp. *	13,200		491,040
Maxygen, Inc. *	32,800		138,744
McKesson Corp.	45,600		2,453,736
Medarex, Inc. *	5,700		36,879
Medco Health Solutions, Inc. *	70,500		3,172,500
Medial Saude SA	69,200		409,112
Medicines Company *	185,755		4,313,231
Medtronic, Inc.	40,900		2,049,090
Merck & Company, Inc.	100,600		3,174,936
Merck KGAA *	30,948		3,300,394
Micrus Endovascular Corp. *	23,400		326,430
Millipore Corp. *	13,400		921,920
Mindray Medical International, Ltd., ADR	11,600		391,268
Mylan, Inc. *	15,500		177,010
Myriad Genetics, Inc. *	10,200		661,776
Nanosphere, Inc. *	2,900		24,737
Neurocrine Biosciences, Inc. *	67,400		316,106
Nighthawk Radiology Holdings, Inc. *	13,200		95,304
Nobel Biocare Holding AG, Series BR	21,420		716,467
Novartis AG	8,700		458,051
Novo Nordisk AS	12,650		655,804
Nuvasive, Inc. *	6,900		340,377
Omnicare, Inc.	5,800		166,866
Onyx Pharmaceuticals, Inc. *	48,738		1,763,341
Orexigen Therapeutics, Inc. *	25,200		271,908
OSI Pharmaceuticals, Inc. *	44,368		2,186,899

Health Sciences Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Pharmasset, Inc. *	59,300	$	1,183,035
PharMerica Corp. *	61,500		1,383,135
Phonak Holding AG	1,000		65,197
Poniard Pharmaceuticals, Inc. *	93,045		397,302
Profarma Distribuidora de Produtos
Farmaceuticos SA	95,600		795,787
Progenics Pharmaceuticals, Inc. *	6,200		82,522
Psychiatric Solutions, Inc. *	13,300		504,735
Qiagen NV *	8,000		157,840
Regeneron Pharmaceuticals, Inc. *	38,000		829,540
ResMed, Inc. *	5,300		227,900
Rigel Pharmaceuticals, Inc. *	21,800		509,030
Roche Holdings AG - Genusschein	18,139		2,839,512
Sawai Pharmaceutical Co., Ltd.	14,200		561,805
Schering-Plough Corp.	118,500		2,188,695
Seattle Genetics, Inc. *	95,400		1,020,780
Sepracor, Inc. *	48,300		884,373
Shire Pharmaceuticals Group PLC, ADR	36,800		1,757,200
Shire, Ltd.	39,600		626,201
Simcere Pharmaceutical Group *	22,600		196,168
St. Jude Medical, Inc. *	47,700		2,074,473
Stereotaxis, Inc. *	121,900		737,495
Stryker Corp.	41,600		2,591,680
Takeda Pharmaceutical Company, Ltd.	4,500		226,578
Teva Pharmaceutical Industries, Ltd., SADR	82,115		3,760,046
Theravance, Inc. *	54,200		675,332
TomoTherapy, Inc. *	42,600		195,108
Towa Pharmaceutical Company, Ltd.	19,800		716,525
Transition Therapeutics, Inc. *	5,977		31,080
Triple-S Management Corp. *	40,100		653,229
UCB SA	18,358		652,243
United Therapeutics Corp. *	9,000		946,530
UnitedHealth Group, Inc.	5,800		147,262
Valeant Pharmaceuticals International *	47,800		978,466
Vertex Pharmaceuticals, Inc. *	112,704		3,746,281
Virtual Radiologic Corp *	12,400		101,184
Vital Images, Inc. *	4,097		61,455
Warner Chilcott, Ltd., Class A *	32,300		488,376
WellPoint, Inc. *	63,500		2,969,895
Wright Medical Group, Inc. *	31,300		952,772
Wyeth	116,668		4,309,716
XenoPort, Inc. *	58,800		2,851,212
Zimmer Holdings, Inc. *	21,300		1,375,128
			201,830,782
Financial - 4.51%
Aetna, Inc.	41,550		1,500,371
Assurant, Inc.	27,000		1,485,000
CIGNA Corp.	80,900		2,748,982
eHealth, Inc. *	40,900		654,400
Humana, Inc. *	61,552		2,535,942
Tempo Participacoes SA *	152,000		263,598
Universal American Financial Corp. *	55,700		678,983
			9,867,276
Industrial - 1.30%
Applied Biosystems, Inc.	10,000		342,500

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

139

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Health Sciences Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Stericycle, Inc. *		25,275	$	1,488,950
Waters Corp. *		17,500		1,018,150
				2,849,600
Technology - 0.20%
Cerner Corp. *		9,900		441,936
TOTAL COMMON STOCKS (Cost $226,497,174)			$	221,954,902
WARRANTS - 0.03%
Consumer, Non-cyclical - 0.03%
Dyadic International, Inc.
(Expiration Date 05/30/2010; strike
price $6.33) *		6,000		225
Favrille, Inc.
(Expiration date 03/06/2011; strike
price $5.26) *		20,411		879
Mannkind Corp.
(Expiration date 08/05/2010; strike
price $12.228) *		21,000		333
Poniard Pharmaceuticals, Inc.
(Expiration date 02/01/2011; strike
price $4.62) *		132,113		65,174
(Expiration date 12/03/2008; strike
price $6.00) *		2,400		58
				66,669
TOTAL WARRANTS (Cost $3,076)			$	66,669
SHORT TERM INVESTMENTS - 1.64%
T. Rowe Price Reserve Investment
Fund, 2.7528%	$	3,592,810	$	3,592,810
TOTAL SHORT TERM INVESTMENTS
(Cost $3,592,810)			$	3,592,810
REPURCHASE AGREEMENTS - 0.26%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$570,020 on 10/1/2008,
collateralized by $545,000 Federal
National Mortgage Association,
6.00% due 04/18/2036 (valued at
$584,262, including interest)	$	570,000	$	570,000
TOTAL REPURCHASE AGREEMENTS
(Cost $570,000)			$	570,000
Total Investments (Health Sciences Trust)
(Cost $230,816,360) - 103.42%			$	226,337,681
Liabilities in Excess of Other Assets - (3.42)%				(7,485,254)
TOTAL NET ASSETS - 100.00%			$	218,852,427

High Income Trust
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS - 61.36%
Basic Materials - 6.01%
Abitibi-Consolidated Company of Canada
6.00% due 06/20/2013	$	3,000,000	$	795,000
7.75% due 06/15/2011		2,780,000		889,600
8.375% due 04/01/2015		2,875,000		697,187
13.75% due 04/01/2011 (g)		405,000		402,975
15.50% due 07/15/2010 (g)		390,000		274,950
Abitibi-Consolidated, Inc.
7.50% due 04/01/2028		509,000		117,070
American Pacific Corp.
9.00% due 02/01/2015		7,640,000		7,410,800
CII Carbon LLC
11.125% due 11/15/2015 (g)		11,750,000		11,456,250
Huntsman International LLC
11.625% due 10/15/2010		59,000		60,180
Newark Group, Inc.
9.75% due 03/15/2014		403,000		141,050
Norske Skog Canada, Ltd.
7.375% due 03/01/2014		2,071,000		1,408,280
Pope & Talbot, Inc.
8.375% due 06/01/2013		400,000		4,000
8.375% due 06/01/2013		1,800,000		18,000
Tronox Worldwide LLC
9.50% due 12/01/2012		3,490,000		1,151,700
Union Carbide Chemicals & Plastics
7.875% due 04/01/2023		40,000		38,975
				24,866,017
Communications - 19.16%
Adelphia Communications Corp.
7.75% due 01/15/2009		3,000,000		120,000
9.875% due 03/01/2049		2,050,000		82,000
10.25% due 11/01/2049		1,025,000		41,000
Canadian Satellite Radio Holdings, Inc.
12.75% due 02/15/2014		4,257,000		2,639,340
Canadian Satellite Radio Holdings, Inc., ADR
8.00% due 09/10/2014		1,900,000		1,428,236
CCH I Holdings LLC
11.125% due 01/15/2014		2,760,000		959,100
CCH II LLC / CCH II Capital Corp.
10.25% due 10/01/2013 (g)		1,449,000		1,202,670
Centennial Communications Corp.
8.5413% due 01/01/2013 (b)		680,000		618,800
Century Communications
8.375% due 12/15/2049		1,000,000		100
Charter Communications Holdings I LLC
9.92% due 04/01/2014		6,740,000		2,493,800
10.00% due 05/15/2014		3,605,000		1,333,850
11.75% due 05/15/2014		3,566,000		1,372,910
12.125% due 01/15/2015		3,140,000		1,099,000
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		13,600,000		8,976,000
Charter Communications Holdings LLC
8.75% due 11/15/2013		3,025,000		2,631,750
Charter Communications, Inc.
10.875% due 09/15/2014		2,820,000		2,735,400
Cricket Communications, Inc.
9.375% due 11/01/2014		4,220,000		3,924,600

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

140

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Digicel Group, Ltd.
8.875% due 01/15/2015 (g)	$	3,685,000	$	3,095,400
Idearc, Inc.
8.00% due 11/15/2016		18,185,000		4,955,412
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		3,305,000		3,090,175
Mobile Satellite Ventures LP
zero coupon, Step up to 14.00% on
04/01/2010 due 04/01/2013 (g)		1,210,000		665,500
R.H. Donnelley Corp.
6.875% due 01/15/2013		405,000		157,950
8.875% due 10/15/2017		7,448,000		2,532,320
R.H. Donnelley Corp., Series A-1
6.875% due 01/15/2013		2,900,000		1,131,000
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		10,505,000		3,571,700
Shaw Communications, Inc.
8.25% due 04/11/2010		172,000		171,140
Sirius Satellite Radio, Inc.
9.625% due 08/01/2013		7,705,000		4,083,650
Terrestar Networks, Inc., PIK
15.00% due 02/15/2014 (g)		1,391,910		974,337
Vertis, Inc.
9.75% due 04/01/2009		3,365,000		2,473,275
10.875% due 06/15/2009		2,865,000		229,200
West Corp.
11.00% due 10/15/2016		3,425,000		2,466,000
XM Satellite Radio Holdings, Inc.
7.00% due 12/01/2014 (g)		7,725,000		3,418,313
13.00% due 08/01/2013 (g)		22,590,000		13,328,100
Young Broadcasting, Inc.
10.00% due 03/01/2011		8,576,000		1,243,520
				79,245,548
Consumer, Cyclical - 23.78%
Alaska Airlines, Inc., Series D
9.50% due 04/12/2012		103,162		104,838
Allison Transmission, Inc.
11.00% due 11/01/2015 (g)		8,235,000		7,164,450
11.25% due 11/01/2015 (g)		10,300,000		8,446,000
American Airlines, Inc., Series 90-K
9.93% due 06/15/2010		512,000		449,280
American Airlines, Inc., Series 91B2
10.32% due 07/30/2014 (g)		1,011,075		758,306
AMR Corp., MTN, Series B
10.40% due 03/10/2011		4,500,000		2,947,500
Continental Airlines, Inc.
5.00% due 06/15/2023		7,985,000		7,815,718
D.R. Horton, Inc.
9.75% due 09/15/2010		18,000		17,685
Delta Air Lines, Inc., Series 01-1
7.711% due 03/18/2013		7,050,000		5,781,000
Duane Reade, Inc.
9.75% due 08/01/2011		3,610,000		3,032,400
Exide Technologies, Series B
10.50% due 03/15/2013		2,545,000		2,188,700
Eye Care Centers of America
10.75% due 02/15/2015		1,448,000		1,498,680

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015 (g)	$	9,250,000	$	2,590,000
Fontainebleau Senior Note
12.50% due 06/01/2022		3,540,919		1,090,603
Gol Finance
8.75% due 12/31/2049 (g)		3,870,000		2,089,800
Greektown Holdings LLC
10.75% due 12/01/2013 (g)		7,244,000		4,998,360
Indianapolis Downs Capital LLC
11.00% due 11/01/2012 (g)		1,200,000		816,000
Isle of Capri Casinos, Inc.
7.00% due 03/01/2014		16,122,000		10,801,740
Jacobs Entertainment, Inc.
9.75% due 06/15/2014		1,800,000		1,206,000
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014 (g)		4,715,000		3,206,200
Majestic Star Casino LLC
9.50% due 10/15/2010		6,385,000		2,873,250
9.75% due 01/15/2011		4,870,000		535,700
Mashantucket Western Pequot Tribe
8.50% due 11/15/2015 (g)		5,060,000		3,289,000
Meritage Homes Corp.
7.00% due 05/01/2014		114,000		87,780
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		2,439,000		1,707,300
9.75% due 04/01/2010		155,000		147,250
Northwest Airlines
6.625% due 02/15/2023		15,810,000		79,050
7.625% due 11/15/2023		8,965,000		44,825
8.70% due 03/15/2049		2,220,000		8,325
8.875% due 06/01/2049		6,860,000		25,725
9.875% due 03/15/2037		7,390,000		27,713
10.00% due 02/01/2009		3,810,000		14,288
Northwest Airlines Corp., ESCROW
1.00% due 01/16/2017 ^		4,640,000		17,400
Scientific Games Corp.
6.25% due 12/15/2012		73,000		70,445
Seminole Hard Rock Entertainment, Inc.
5.3188% due 03/15/2014 (b)(g)		845,000		633,750
Standard Pacific Corp.
6.50% due 10/01/2008		191,000		191,000
Steinway Musical Instruments, Inc.
7.00% due 03/01/2014 (g)		755,000		653,075
Tenneco Automotive, Inc.
8.625% due 11/15/2014		4,355,000		3,462,225
Travelport LLC
9.875% due 09/01/2014		4,415,000		3,598,225
11.875% due 09/01/2016		750,000		538,125
Trump Entertainment Resorts, Inc.
8.50% due 06/01/2015		12,970,000		5,317,700
UAL Corp.
4.50% due 06/30/2021 (g)		5,650,000		2,383,735
US Airways Group, Inc.
7.00% due 09/30/2020		6,275,000		5,250,920
US Corrugated, Inc.
10.00% due 06/12/2013		540,000		388,800
				98,348,866

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

141

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical - 3.94%
Alliance One International, Inc.
11.00% due 05/15/2012	$	2,200,000	$	2,156,000
12.75% due 11/15/2012		2,420,000		2,323,200
ASG Consolidated LLC/ASG Finance, Inc.
zero coupon, step up to 11.50% on
11/01/2008 due 11/01/2011		4,380,000		3,898,200
MSX International UK
12.50% due 04/01/2012 (g)		1,235,000		802,750
North Atlantic Trading Company
10.00% due 03/01/2012 (g)		2,626,750		2,048,865
Quebecor World Capital Corp.
6.125% due 11/15/2013		3,410,000		1,040,050
8.75% due 03/15/2016 (g)		590,000		236,000
Quebecor World, Inc.
9.75% due 01/15/2015 (g)		3,365,000		1,362,825
Yankee Acquisition Corp., Series B
8.50% due 02/15/2015		3,360,000		2,436,000
				16,303,890
Diversified - 0.15%
Marquee Holdings, Inc.
9.505 due 08/15/2014		855,000		630,562
Energy - 0.40%
Dominion Petroleum Acquisitions
10.00% due 10/01/2011		1,825,000		1,660,933
Financial - 1.29%
Buffalo Thunder Development Authority
9.375% due 12/15/2014 (g)		1,670,000		701,400
Drummond Company, Inc.
7.375% due 02/15/2016 (g)		500,000		423,750
MBIA Insurance Company
14.00% due 01/15/2033 (b)(g)		2,660,000		1,542,800
Realogy Corp.
10.50% due 04/15/2014		965,000		424,600
12.375% due 04/15/2015		645,000		219,300
TAM Capital, Inc.
7.375% due 04/25/2017		2,265,000		1,698,750
Ucar Finance, Inc.
10.25% due 02/15/2012		294,000		302,820
				5,313,420
Industrial - 4.03%
Blaze Recycling & Metals LLC
10.875% due 07/15/2012 (g)		755,000		756,888
BWAY Corp.
10.00% due 10/15/2010		780,000		756,600
Graphic Packaging International Corp.
9.50% due 08/15/2013		5,030,000		4,552,150
Jefferson Smurfit Corp.
8.25% due 10/01/2012		790,000		659,650
Muzak LLC/Muzak Finance Corp.
9.875% due 03/15/2009		1,884,000		1,601,400
Odebrecht Overseas, Ltd.
9.625% due 12/31/2049		1,050,000		1,005,690
Pliant Corp.
11.85% due 06/15/2009		789,769		679,201
Sequa Corp.
11.75% due 12/01/2015 (g)		2,310,000		1,940,400

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017	$	4,195,000	$	3,272,100
Thomas & Betts Corp.
6.39% due 02/10/2009		11,000		10,969
Vitro SAB de CV
9.125% due 02/01/2017		2,175,000		1,413,750
				16,648,798
Utilities - 2.60%
Orion Power Holdings, Inc.
12.00% due 05/01/2010		3,055,000		2,963,350
Texas Competitive Electric Holdings Company LLC
10.25% due 11/01/2015 (g)		8,605,000		7,766,012
				10,729,362
TOTAL CORPORATE BONDS (Cost $371,393,773)			$	253,747,396
CONVERTIBLE BONDS - 4.09%
Communications - 0.69%
Charter Communications, Inc.
6.50% due 10/01/2027		604,000		170,481
XM Satellite Radio Holdings, Inc.
10.00% due 12/01/2009		4,105,000		2,668,168
				2,838,649
Consumer, Cyclical - 3.40%
AMR Corp.
4.50% due 02/15/2024		4,920,000		4,603,604
Pinnacle Airlines Corp.
3.25% due 02/15/2025		1,608,000		1,108,917
UAL Corp.
4.50% due 06/30/2021		19,793,000		8,350,667
				14,063,188
TOTAL CONVERTIBLE BONDS (Cost $26,315,446)			$	16,901,837
COLLATERALIZED MORTGAGE
OBLIGATIONS - 4.87%
GS Mortgage Securities
Corp., Series 2006-NIM3, Class OS
zero coupon due 10/26/2037		5,000		662,500
Countrywide Alternative Loan Trust, Series
2007-OA9, Class B1
4.9569% due 06/25/2047 (b)(g)		1,149,164		34,475
Countrywide Alternative Loan Trust, Series
2007-OA9, Class B2
4.9569% due 06/25/2047 (b)(g)		340,889		5,966
Countrywide Alternative Loan Trust, Series
2007-OA9, Class B3
4.9569% due 06/25/2047 (b)(g)		649,549		1,624
Countrywide Alternative Loan Trust, Series
2007-OA9, Class XP
3.4365% IO due 06/25/2047		53,631,983		2,681,599
DSLA Mortgage Loan Trust, Series 2005-AR5,
Class X2
2.764% IO due 08/19/2045		130,586,475		3,795,169
Global Tower Partners Acquisition
LLC, Series 2007-1A, Class G
7.8737% due 05/15/2037 (g)		540,000		485,135

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

142

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Harborview Mortgage Loan Trust, Series
2006-BU1, Class R
1.00% due 02/19/2046	$	186,595,756	$	7,000,009
Harborview Mortgage Loan Trust,
Series 2007-3, Class ES
0.3509% IO due 05/19/2047		78,022,100		487,638
Harborview Mortgage Loan Trust,
Series 2007-4, Class ES
0.3508% IO due 07/19/2047		78,544,853		490,905
Harborview Mortgage Loan Trust,
Series 2007-6, Class ES
0.3436% IO due 08/19/2037 (g)		55,056,861		344,105
Lehman XS Net Interest Margin
Notes, Series 2007-GPM8, Class A3
9.00% due 01/28/2047 (g)		341,371		231,109
Lehman XS Net Interest Margin
Notes, Series 2007-GPM8, Class A4
9.00% due 01/28/2047 (g)		505,000		54,288
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036 (g)		1,820,000		1,575,863
SBA CMBS Trust, Series 2006-1A, Class J
7.825% due 11/15/2036 (g)		1,380,000		1,266,258
Washington Mutual Alternative Mortgage
Pass-Through Certificates, Series 2005-AR19,
Class B1
3.9069% due 12/25/2045 (b)		3,080,263		1,029,225
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $23,849,680)			$	20,145,868
ASSET BACKED SECURITIES - 0.84%
DB Master Finance LLC, Series 2006-1, Class-M1
8.285% due 06/20/2031 (g)		1,545,000		1,157,406
Dominos Pizza Master Issuer LLC, Series 2007-1,
Class M1
7.629% due 04/27/2037 (g)		3,730,000		2,331,250
TOTAL ASSET BACKED SECURITIES
(Cost $5,290,338)			$	3,488,656
COMMON STOCKS - 9.31%
Basic Materials - 0.03%
Tembec, Inc. *		51,987		122,121
Communications - 4.48%
Canadian Satellite Radio Holdings, Inc. *		452,601		1,403,414
Canadian Satellite Radio Holdings, Series A *		30,012		93,060
Charter Communications, Inc., Class A *		414,100		302,293
Comcast Corp., Special Class A		362,969		7,157,749
Sirius XM Radio, Inc. *		4,473,205		2,549,727
Sprint Nextel Corp.		326,900		1,994,090
Time Warner Cable, Inc. *		153,588		3,716,830
USA Mobility, Inc. *		117,989		1,297,879
				18,515,042
Consumer, Cyclical - 4.48%
Federal Mogul Corp. *		32,948		413,497
Fontainebleau Resorts LLC, Class A *		68,468		184,864
Northwest Airlines Corp. *		1,770,407		15,986,775
UAL Corp. *		49,000		430,710

High Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
US Airways Group, Inc. *	247,799	$	1,494,228
			18,510,074
Consumer, Non-cyclical - 0.02%
Paragon Shipping, Inc. * (g)	12,000		102,240
Energy - 0.22%
Dominion Petroleum, Ltd., GDR *	4,106,983		894,446
Financial - 0.08%
Adelphia Recovery Trust, Series ACC-1 *	5,927,870		192,656
Adelphia Recovery Trust, Series Arahova *	424,950		148,733
			341,389
TOTAL COMMON STOCKS (Cost $70,100,252)		$	38,485,312
PREFERRED STOCKS - 3.64%
Consumer, Cyclical - 3.00%
Continental Airlines Finance Trust II, 6.00%	546,898		12,389,974
Financial - 0.62%
CIT Group, Inc., 7.75%	91,768		802,970
iStar Financial, Inc., Series E, 7.875%	209,600		1,173,760
iStar Financial, Inc., Series G, 7.65%	12,113		59,960
iStar Financial, Inc., Series I, 7.50%	111,000		547,230
			2,583,920
Industrial - 0.02%
Pliant Corp., Series AA, 13.00%	1,287		78,571
TOTAL PREFERRED STOCKS (Cost $18,553,765)		$	15,052,465
TERM LOANS - 10.41%
Basic Materials - 0.12%
AbitibiBowater, Inc.
11.50% due 03/31/2009 (b)	355,571		337,793
Tembec, Inc.
9.4631% due 02/28/2012 (b)	188,750		164,212
			502,005
Communications - 1.56%
Idearc, Inc.
5.77% due 04/11/2017 (b)	7,657,566		4,869,523
Sirius Satellite Radio, Inc.
6.00% due 12/20/2012 (b)	360,438		313,581
Star Tribune Corp.
6.25% due 03/01/2014 (b)	3,206,792		1,074,275
10.83% due 03/01/2015 (b)	4,125,000		206,250
			6,463,629
Consumer, Cyclical - 7.82%
Delta Airlines, Inc.
5.7088% due 04/30/2012 (b)	2,648,600		2,172,329
5.7188% due 04/30/2014 (b)	6,334,348		4,452,159
East Valley Tourist Development
10.88% due 08/06/2012 (b)	810,000		704,700
Northwest Airlines
4.75% due 08/21/2013	2,336,162		2,039,469
Saint Acquisition Corp.
6.0625% due 05/06/2014 (b)	14,200,000		9,336,500

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

143

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Consumer, Cyclical (continued)
US Airways Group, Inc.
4.9625% due 03/26/2014 (b)	$	20,845,000	$	13,627,419
				32,332,576
Consumer, Non-cyclical - 0.65%
Ralin Medical, Inc.
zero coupon due 11/21/2037		180		2,700,000
Financial - 0.26%
Realogy Corp.
5.4869% due 10/10/2013 (b)		1,481,250		1,066,500
TOTAL TERM LOANS (Cost $51,538,040)			$	43,064,710
WARRANTS - 0.01%
Basic Mat erials - 0.01%
New Gold, Inc.
(Expiration date 06/28/2017, strike
price CAD 15.00)		47,190		44,341
TOTAL WARRANTS (Cost $0)			$	44,341
OPTIONS - 0.99%
Communications - 0.21%
Comcast Corp.
Expiration 01/16/2010 at $15.00 *		45,300		271,800
Expiration 01/16/2010 at $20.00 *		169,500		474,600
Expiration 01/16/2010 at $25.00 *		8,740,000		122,360
				868,760
Consumer, Cyclical - 0.34%
Delta Airlines, Inc.
Expiration 01/16/2010 at $5.00 *		250,000		1,075,000
Expiration 01/16/2010 at $7.50 *		50,000		195,000
Expiration 01/16/2010 at $10.00 *		50,000		160,000
				1,430,000
Other - 0.44%
Over The Counter Purchase Call on the USD vs.
CAD
Expiration 04/20/2010 at $1.30 *		102,000,000		904,638
Expiration 04/01/2010 at $1.30 *		102,000,000		904,638
				1,809,276
TOTAL OPTIONS (Cost $4,618,178)			$	4,108,036
REPURCHASE AGREEMENTS - 2.20%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$9,094,316 on 10/01/2008,
collateralized by $9,220,000
Federal Home Loan Bank, 2.275%
due 04/24/2009 (valued at
$9,277,625, including interest)	$	9,094,000	$	9,094,000
TOTAL REPURCHASE AGREEMENTS
(Cost $9,094,000)			$	9,094,000

High Income Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 0.07%
Quebecor World Capital Corp.
1.00% due 11/15/2008	$	390,000	$	268,527
TOTAL SHORT TERM INVESTMENTS
(Cost $268,527)			$	268,527
Total Investments (High Income Trust)
(Cost $581,021,999) - 97.79%			$	404,401,148
Other Assets in Excess of Liabilities - 2.21%				9,138,975
TOTAL NET ASSETS - 100.00%			$	413,540,123
High Yield Trust
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS - 3.17%
Argentina - 0.07%
Republic of Argentina
7.00% due 09/12/2013	$	1,141,000	$	778,733
8.00% due 10/30/2009 ^	EUR	1,425,000,000		268,338
9.00% due 05/26/2009 ^		300,000		110,653
9.00% due 11/19/2008 ^		222,000		42,346
11.75% due 05/20/2011 ^		275,000		51,465
				1,251,535
Brazil - 0.98%
Federative Republic of Brazil
6.00% due 05/15/2017	BRL	3,640,000		2,917,295
10.00% due 01/01/2012		7,262,000		3,506,787
10.00% due 07/01/2010		20,477,000		10,336,005
10.00% due 01/01/2010		1,000		513
				16,760,600
Ecuador - 0.12%
Republic of Ecuador
9.375% due 12/15/2015	$	50,000		41,229
10.00% due 08/15/2030		2,833,000		2,053,925
				2,095,154
Indonesia - 0.30%
Republic of Indonesia
9.75% due 05/15/2037	IDR	14,208,000,000		1,098,235
10.25% due 07/15/2027		11,943,000,000		988,651
10.25% due 07/15/2022		18,787,000,000		1,608,207
11.00% due 09/15/2025		15,723,000,000		1,394,655
				5,089,748
Panama - 0.18%
Republic of Panama
9.375% due 04/01/2029	$	2,450,000		3,038,000
Peru - 0.13%
Republic of Peru
6.55% due 03/14/2037		834,000		767,280
7.35% due 07/21/2025		194,000		193,030
8.75% due 11/21/2033		1,147,000		1,364,930
				2,325,240
Turkey - 0.87%
Republic of Turkey
6.875% due 03/17/2036		13,115,000		11,541,200

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

144

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued (showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Turkey (continued)
Republic of Turkey (continued)
7.00% due 06/05/2020	$	202,000	$	189,627
7.00% due 09/26/2016		475,000		473,813
7.375% due 02/05/2025		2,906,000		2,789,760
				14,994,400
Venezuela - 0.52%
Republic of Venezuela
5.75% due 02/26/2016		6,671,000		4,336,150
7.65% due 04/21/2025		925,000		561,937
8.50% due 10/08/2014		433,000		340,988
9.375% due 01/13/2034		2,054,000		1,427,530
10.75% due 09/19/2013		2,420,000		2,226,400
				8,893,005
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $64,144,524)			$	54,447,682
CORPORATE BONDS - 84.63%
Basic Materials - 7.93%
Abitibi-Consolidated Company of Canada
13.75% due 04/01/2011 (g)		13,265,000		13,198,675
15.50% due 07/15/2010 (g)		12,804,000		9,026,820
Appleton Papers, Inc.
8.125% due 06/15/2011		3,775,000		3,312,562
Appleton Papers, Inc., Series B
9.75% due 06/15/2014		5,190,000		3,983,325
Evraz Group SA
8.875% due 04/24/2013 (g)		2,630,000		1,998,800
9.50% due 04/24/2018 (g)		1,110,000		799,200
Freeport-McMoRan Copper & Gold, Inc.
8.375% due 04/01/2017		12,990,000		12,795,150
Georgia Gulf Corp.
10.75% due 10/15/2016		13,680,000		6,156,000
GTL Trade Finance, Inc.
7.25% due 10/20/2017 (g)		5,321,000		5,101,722
7.25% due 10/20/2017		5,660,000		5,459,919
Huntsman International LLC
7.875% due 11/15/2014		3,360,000		2,889,600
Metals USA Holdings Corp., PIK
8.7913% due 07/01/2012		4,780,000		3,824,000
Methanex Corp.
8.75% due 08/15/2012		4,405,000		4,537,150
Montell Finance Company BV
8.10% due 03/15/2027 (g)		5,330,000		2,398,500
NewPage Corp.
9.0506% due 05/01/2012 (b)		14,605,000		13,071,475
Noranda Aluminium Holding Corp.
8.5775% due 11/15/2014 (b)		10,050,000		6,633,000
Novelis, Inc.
7.25% due 02/15/2015		12,600,000		10,962,000
Rock-Tenn Company
9.25% due 03/15/2016 (g)		2,850,000		2,892,750
Ryerson, Inc.
12.00% due 11/01/2015 (g)		15,510,000		13,183,500
Smurfit Capital Funding PLC
7.50% due 11/20/2025		3,215,000		2,668,450

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Basic Materials (continued)
Tube City IMS Corp.
9.75% due 02/01/2015	$	430,000	$	382,700
Vale Overseas, Ltd.
6.875% due 11/21/2036		3,740,000		3,329,000
8.25% due 01/17/2034		1,347,000		1,407,413
Vedanta Resources PLC
8.75% due 01/15/2014 (g)		3,470,000		3,094,546
Verso Paper Holdings LLC / Verson Paper Inc.,
Series B
11.375% due 08/01/2016		2,460,000		1,992,600
Westlake Chemical Corp.
6.625% due 01/15/2016		1,000,000		850,000
				135,948,857
Communications - 12.72%
Affinion Group, Inc.
10.125% due 10/15/2013		1,272,000		1,195,680
11.50% due 10/15/2015		11,195,000		10,411,350
ALLTEL Communications, Inc., PIK
10.375% due 12/01/2017 (g)		4,950,000		5,643,000
America Movil SAB de CV
5.625% due 11/15/2017		1,520,000		1,424,004
Axtel SAB de CV
7.625% due 02/01/2017 (g)		9,120,000		8,109,504
Axtel SAB de CV, Series REGS
7.625% due 02/01/2017		430,000		431,075
Cablevision Systems Corp., Series B
7.1325% due 04/01/2009 (b)		100,000		98,750
8.00% due 04/15/2012		720,000		676,800
CanWest Media, Inc.
8.00% due 09/15/2012		226,000		188,710
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		29,118,000		19,217,880
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 10/01/2013		4,096,000		3,440,640
Charter Communications Holdings LLC
11.75 due 05/15/2011		2,115,000		1,226,700
12.125 due 01/15/2012		2,260,000		1,367,300
Charter Communications, Inc.
10.875% due 09/15/2014		11,010,000		10,679,700
Cincinnati Bell Telephone Company
6.30% due 12/01/2028		2,610,000		1,853,100
Citizens Communications Company
7.05% due 10/01/2046		1,375,000		783,750
7.875% due 01/15/2027		4,040,000		3,030,000
9.25% due 05/15/2011		550,000		550,000
CMP Susquehanna Corp.
9.875% due 05/15/2014		2,765,000		1,548,400
CSC Holdings, Inc.
6.75% due 04/15/2012		5,285,000		4,842,381
8.50% due 06/15/2015 (g)		3,280,000		3,046,300
CSC Holdings, Inc., Series B
7.625% due 04/01/2011		2,935,000		2,817,600
8.125% due 08/15/2009		120,000		118,800
8.125% due 07/15/2009		650,000		643,500
Dex Media West LLC
9.875% due 08/15/2013		1,166,000		722,920

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

145

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013	$	5,260,000	$	2,419,600
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		7,305,000		3,360,300
8.00% due 11/15/2013		180,000		82,800
DirecTV Holdings LLC
8.375% due 03/15/2013		2,440,000		2,409,500
EchoStar DBS Corp.
6.625% due 10/01/2014		620,000		497,550
7.75% due 05/31/2015		4,000,000		3,390,000
Expedia Inc.
8.50% due 07/01/2016 (g)		565,000		508,500
Globo Comunicacoes e Participacoes SA
7.25% due 04/26/2022 (g)		4,871,000		4,262,125
Hawaiian Telcom Communications, Inc., Series B
12.50% due 05/01/2015		5,405,000		756,700
Idearc, Inc.
8.00% due 11/15/2016		15,722,000		4,284,245
Intelsat Corp.
9.25% due 08/15/2014 (g)		12,500,000		11,687,500
Intelsat Jackson Holdings, Ltd.
9.50% due 06/15/2016 (g)		3,996,000		3,716,280
iPCS, Inc.
4.9256% due 05/01/2013 (b)		4,000,000		3,260,000
Level 3 Financing, Inc.
6.845% due 02/15/2015 (b)		2,120,000		1,431,000
9.25% due 11/01/2014		11,615,000		8,769,325
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		2,365,000		2,211,275
Nordic Telephone Company Holdings
8.875% due 05/01/2016 (g)		8,415,000		7,657,650
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014		7,320,000		6,331,800
R.H. Donnelley Corp., Series A-1
6.875% due 01/15/2013		605,000		235,950
R.H. Donnelley Corp., Series A-2
6.875% due 01/15/2013		340,000		132,600
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		1,615,000		549,100
R.H. Donnelley, Inc.
11.75% due 05/15/2015		200,000		122,000
Sprint Capital Corp.
6.875% due 11/15/2028		12,330,000		8,261,100
8.375% due 03/15/2012		840,000		756,000
Sun Media Corp.
7.625% due 02/15/2013		405,000		372,600
TL Acquisitions, Inc.
zero coupon due 07/15/2015 (b)(g)		5,760,000		3,859,200
10.50% due 01/15/2015 (g)		7,620,000		6,019,800
True Move Company, Ltd.
10.375% due 08/01/2014 (g)		2,960,000		1,909,200
10.75% due 12/16/2013 (g)		23,634,000		15,952,950
10.75% due 12/16/2013		800,000		575,469
UBS Luxembourg SA for OJSC Vimpel
Communications
8.25% due 05/23/2016		5,587,000		3,966,770
Vimpelcom
8.375% due 04/30/2013 (g)		1,150,000		914,328

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Virgin Media, Inc.
9.125% due 08/15/2016	$	14,959,000	$	12,528,163
Windstream Corp.
8.625% due 08/01/2016		11,870,000		10,950,075
				218,209,299
Consumer, Cyclical - 12.35%
ACE Hardware Corp.
9.125% due 06/01/2016 (g)		2,677,000		2,288,835
Allison Transmission, Inc.
11.00% due 11/01/2015 (a)(g)		1,530,000		1,331,100
11.25% due 11/01/2015 (g)		6,510,000		5,338,200
AutoNation, Inc.
4.7906% due 04/15/2013 (b)		2,785,000		2,346,362
7.00% due 04/15/2014		800,000		696,000
Blockbuster, Inc.
9.00% due 09/01/2012		6,400,000		4,576,000
Boyd Gaming Corp.
6.75% due 04/15/2014		4,105,000		2,945,337
7.125% due 02/01/2016		2,770,000		1,918,225
Buffets, Inc.
12.50% due 11/01/2014 ^		7,505,000		75,050
Carrols Corp.
9.00% due 01/15/2013		1,030,000		741,600
Choctaw Resort Development Enterprise
7.25% due 11/15/2019 (g)		2,846,000		2,134,500
Continental Airlines, Inc., Series C
7.339% due 04/19/2014		4,960,000		3,720,000
DAE Aviation Holdings, Inc.
11.25% due 08/01/2015 (g)		14,790,000		13,754,700
Delta Air Lines, Inc.
8.954% due 08/10/2014		3,940,037		2,856,527
Denny's Corp.
10.00% due 10/01/2012		2,244,000		2,042,040
Dollar General Corp., PIK
11.875% due 07/15/2017		8,993,000		8,318,525
Downstream Development Authority of the Quapaw
Tribe of Oklahoma
12.00% due 10/15/2015 (g)		5,160,000		3,741,000
El Pollo Loco, Inc.
11.75% due 11/15/2013		3,910,000		3,734,050
Eye Care Centers of America
10.75% due 02/15/2015		2,413,000		2,497,455
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015 (g)		3,620,000		1,013,600
Ford Motor Company
7.45% due 07/16/2031		4,795,000		2,061,850
General Motors Corp.
7.20% due 01/15/2011		10,000,000		5,875,000
8.375% due 07/15/2033		28,775,000		11,510,000
Harrah's Operating Company, Inc.
10.75% due 02/01/2016 (g)		1,280,000		652,800
Indianapolis Downs Capital LLC
11.00% due 11/01/2012 (g)		5,850,000		3,978,000
Inergy LP/Inergy Finance Corp.
8.25% due 03/01/2016 (g)		1,715,000		1,577,800

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

146

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
Inn of the Mountain Gods Resort & Casino
12.00% due 11/15/2010	$	9,228,000	$	6,275,040
Interface, Inc.
9.50% due 02/01/2014		1,275,000		1,287,750
10.375% due 02/01/2010		5,075,000		5,176,500
K Hovnanian Enterprises, Inc.
8.625% due 01/15/2017		961,000		586,210
11.50% due 05/01/2013 (g)		10,455,000		10,245,900
Keystone Automotive Operations, Inc.
9.75% due 11/01/2013		6,150,000		3,259,500
Macys Retail Holdings, Inc.
10.625% due 11/01/2010		2,190,000		2,305,501
Mandalay Resort Group
7.625% due 07/15/2013		1,000,000		750,000
MGM Mirage, Inc.
5.875% due 02/27/2014		1,025,000		740,563
6.625% due 07/15/2015		245,000		170,275
6.75% due 09/01/2012		2,085,000		1,631,512
7.50% due 06/01/2016		1,120,000		817,600
8.375% due 02/01/2011		3,850,000		3,147,375
Michaels Stores, Inc.
10.00% due 11/01/2014		5,010,000		3,156,300
11.375% due 11/01/2016		2,030,000		959,175
Mohegan Tribal Gaming Authority
7.125% due 08/15/2014		3,415,000		2,424,650
Neiman Marcus Group, Inc.
7.125% due 06/01/2028		2,280,000		1,653,000
9.00% due 10/15/2015		15,466,000		12,952,775
10.375% due 10/15/2015		43,000		36,013
Norcraft Companies LP
9.00% due 11/01/2011		9,120,000		8,755,200
Norcraft Holdings Capital
9.75 due 09/01/2012		6,150,000		5,535,000
Park Place Entertainment Corp.
8.125% due 05/15/2011		8,610,000		5,079,900
River Rock Entertainment Authority
9.75% due 11/01/2011		580,000		533,600
Sbarro, Inc.
10.375% due 02/01/2015 (a)		4,225,000		2,894,125
Seneca Gaming Corp.
7.25% due 05/01/2012		3,005,000		2,614,350
Station Casinos, Inc.
6.00% due 04/01/2012		4,755,000		2,662,800
6.50% due 02/01/2014		2,340,000		690,300
6.625% due 03/15/2018		2,257,000		598,105
7.75% due 08/15/2016		5,098,000		2,765,665
Suburban Propane Partners LP
6.875% due 12/15/2013		12,685,000		11,226,225
Visteon Corp.
8.25% due 08/01/2010		6,983,000		5,795,890
12.25% due 12/31/2016 (g)		12,791,000		7,674,600
Wynn Las Vegas Capital Corp.
6.625% due 12/01/2014		6,780,000		5,779,950
				211,905,905
Consumer, Non-cyclical - 12.81%
Advanced Medical Optics, Inc.
7.50% due 05/01/2017		3,585,000		3,118,950

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
Alliance One International, Inc.
8.50% due 05/15/2012	$	3,685,000	$	3,408,625
11.00% due 05/15/2012		2,270,000		2,224,600
American Achievement Corp.
8.25% due 04/01/2012 (g)		956,000		953,610
American Greetings Corp.
7.375% due 06/01/2016		490,000		445,900
Ashtead Capital, Inc.
9.00% due 08/15/2016 (g)		5,850,000		5,031,000
Ashtead Holdings PLC
8.625% due 08/01/2015 (g)		1,635,000		1,406,100
Biomet, Inc.
10.375% due 10/15/2017		2,370,000		2,346,300
11.625% due 10/15/2017		3,220,000		3,236,100
Constellation Brands, Inc.
7.25% due 09/01/2016		3,925,000		3,611,000
CRC Health Corp.
10.75% due 02/01/2016		10,280,000		7,915,600
DaVita, Inc.
6.625% due 03/15/2013		3,690,000		3,505,500
7.25% due 03/15/2015		5,190,000		4,930,500
Delhaize America, Inc.
9.00% due 04/15/2031		2,961,000		3,108,313
DI Finance/DynCorp International
9.50% due 02/15/2013 (g)		6,520,000		6,405,900
DI Finance/DynCorp International LLC, Series B
9.50% due 02/15/2013		13,078,000		12,816,440
Dole Food Company, Inc.
7.25% due 06/15/2010		2,244,000		1,974,720
8.625% due 05/01/2009		5,505,000		5,257,275
8.875% due 03/15/2011		2,991,000		2,512,440
Education Management Corp.
10.25% due 06/01/2016		9,100,000		7,280,000
H&E Equipment Services, Inc.
8.375% due 07/15/2016		9,925,000		7,344,500
HCA, Inc.
5.75% due 03/15/2014		210,000		163,800
6.25% due 02/15/2013		40,000		33,400
6.375% due 01/15/2015		5,495,000		4,327,312
7.50% due 12/15/2023		2,950,000		2,161,022
7.69% due 06/15/2025		320,000		237,837
8.75% due 09/01/2010		2,840,000		2,797,400
9.25% due 11/15/2016		5,900,000		5,737,750
9.625% due 11/15/2016		21,210,000		20,149,500
Hertz Corp.
10.50% due 01/01/2016		18,439,000		15,396,565
Jarden Corp.
7.50% due 05/01/2017		3,155,000		2,626,537
Leiner Health Products, Inc.
11.00% due 06/01/2012 ^		18,200,000		910,000
Penhall International Corp.
12.00% due 08/01/2014 (g)		11,000,000		7,590,000
Rental Service Corp.
9.50% due 12/01/2014		9,395,000		7,116,713
Service Corp. International
6.75% due 04/01/2016		530,000		453,150
7.50% due 04/01/2027		1,960,000		1,499,400
7.625% due 10/01/2018		1,690,000		1,512,550

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

147

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
Stater Brothers Holdings
7.75% due 04/15/2015	$	1,300,000	$	1,215,500
Tenet Healthcare Corp.
6.375% due 12/01/2011		6,710,000		6,189,975
6.50% due 06/01/2012		3,060,000		2,830,500
7.375% due 02/01/2013		6,679,000		6,077,890
9.25% due 02/01/2015		1,961,000		1,853,145
9.875% due 07/01/2014		4,740,000		4,621,500
Ticketmaster
10.75% due 08/01/2016 (g)		3,805,000		3,576,700
U.S. Investigations Services, Inc.
10.50% due 11/01/2015 (g)		760,000		676,400
11.75% due 05/01/2016 (g)		9,264,000		7,596,480
U.S. Oncology Holdings, Inc., PIK
8.3343% due 03/15/2012		13,626,672		10,424,404
Universal Hospital Services, Inc.
6.3025% due 06/01/2015 (b)		1,650,000		1,452,000
8.50% due 06/01/2015		2,305,000		2,149,413
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014		9,760,000		9,418,400
				219,628,616
Diversified - 0.61%
JSG Funding PLC
7.75% due 04/01/2015		2,360,000		1,964,700
Leucadia National Corp.
7.125% due 03/15/2017		1,705,000		1,551,550
8.125% due 09/15/2015		4,540,000		4,415,150
Nell AF SARL
8.375% due 08/15/2015 (g)		5,310,000		2,495,700
				10,427,100
Energy - 11.64%
Atlas Pipeline Partners LP
8.75% due 06/15/2018 (g)		6,380,000		5,997,200
Belden & Blake Corp.
8.75% due 07/15/2012		8,936,000		8,131,760
Chesapeake Energy Corp.
6.25% due 01/15/2018		9,415,000		8,049,825
6.50% due 08/15/2017		2,565,000		2,244,375
7.00% due 08/15/2014		1,975,000		1,846,625
7.25% due 12/15/2018		6,620,000		6,090,400
Compagnie Generale de Geophysique SA
7.50% due 05/15/2015		1,480,000		1,413,400
Complete Production Services, Inc.
8.00% due 12/15/2016		4,220,000		4,009,000
Corral Finans AB, PIK
4.2906% due 04/15/2010 (a)(b)(g)		5,988,866		4,880,926
Dynegy Holdings, Inc.
7.75% due 06/01/2019		13,270,000		10,616,000
Dynegy-Roseton Danskammer, Series B
7.67% due 11/08/2016		1,900,000		1,729,000
El Paso Corp.
7.375% due 12/15/2012		2,000,000		1,923,158
7.75% due 01/15/2032		1,945,000		1,627,874
7.80% due 08/01/2031		5,680,000		4,785,496
7.875% due 06/15/2012		6,135,000		6,037,723
Enterprise Products Operating LP
7.034% due 01/15/2068 (b)		3,665,000		2,954,833
8.375% due 08/01/2066 (b)		3,670,000		3,401,980

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Exco Resources, Inc.
7.25% due 01/15/2011	$	10,891,000	$	10,291,995
Gasprom
6.95% due 08/06/2009		49,800,000		1,918,841
International Coal Group, Inc.
10.25% due 07/15/2014		9,540,000		8,514,450
KazMunaiGaz Finance Sub BV
8.375% due 07/02/2013 (g)		3,450,000		2,967,000
Key Energy Services, Inc.
8.375% due 12/01/2014 (g)		4,930,000		4,732,800
Mariner Energy, Inc.
7.50% due 04/15/2013		2,210,000		1,955,850
8.00% due 05/15/2017		2,360,000		1,994,200
MarkWest Energy Partners LP / MarkWest Energy
Finance Corp., Series B
8.75% due 04/15/2018 (g)		3,850,000		3,657,500
OPTI Canada, Inc.
7.875% due 12/15/2014		1,700,000		1,504,500
8.25% due 12/15/2014		1,845,000		1,651,275
Parallel Petroleum Corp.
10.25% due 08/01/2014		6,760,000		6,084,000
Pemex Project Funding Master Trust
9.125% due 10/13/2010		250,000		267,500
PetroHawk Energy Corp.
7.875% due 06/01/2015 (g)		1,700,000		1,479,000
9.125% due 07/15/2013		3,830,000		3,600,200
Pride International, Inc.
7.375% due 07/15/2014		1,680,000		1,604,400
Quicksilver Resources, Inc.
8.25% due 08/01/2015		4,390,000		4,016,850
SandRidge Energy, Inc.
8.00% due 06/01/2018 (g)		2,920,000		2,511,200
SandRidge Energy, Inc., PIK
8.625% due 04/01/2015 (g)		13,000,000		11,635,000
SemGroup LP
8.75% due 11/15/2015 (g)		12,970,000		1,297,000
Sonat, Inc.
7.625% due 07/15/2011		4,350,000		4,402,352
Southwestern Energy Company
7.50% due 02/01/2018 (g)		4,500,000		4,365,000
Stone Energy Corp.
8.25% due 12/15/2011		3,965,000		3,687,450
Targa Resources Partners LP
8.25% due 07/01/2016		1,250,000		1,075,000
Tesoro Corp.
6.50% due 06/01/2017		840,000		672,000
Transcontinental Gas Pipe Line Corp.
8.875% due 07/15/2012		4,400,000		4,779,122
Turbo Beta, Ltd.
14.50% due 03/15/2018		9,297,544		9,065,105
VeraSun Energy Corp.
9.375% due 06/01/2017		7,405,000		2,924,975
W&T Offshore, Inc.
8.25% due 06/15/2014 (g)		4,245,000		3,396,000
Whiting Petroleum Corp.
7.00% due 02/01/2014		6,915,000		5,877,750
7.25% due 05/01/2012		2,235,000		2,072,962
Williams Companies, Inc.
7.875% due 09/01/2021		2,505,000		2,505,000

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

148

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Williams Companies, Inc. (continued)
8.75% due 03/15/2032	$	7,255,000	$	7,438,987
				199,684,839
Financial - 10.19%
American International Group, Inc.
8.175% due 05/15/2058 (g)		17,240,000		2,761,745
AmeriCredit Corp.
8.50% due 07/01/2015 (a)		6,935,000		5,790,725
Ashton Woods USA
9.50% due 10/01/2015		3,870,000		1,741,500
ATF Capital BV
9.25% due 02/21/2014 (g)		10,220,000		7,562,800
Capmark Financial Group, Inc.
5.875% due 05/10/2012		3,790,000		1,889,292
CCM Merger, Inc.
8.00% due 08/01/2013 (g)		4,205,000		3,416,562
Citigroup, Inc.
8.40% due 04/29/2049 (b)		7,070,000		4,812,266
Credit Suisse - Nassau
6.79% due 10/29/2009 (g)	RUB	123,670,000		4,692,409
7.00% due 10/27/2011 (g)		41,220,000		1,471,555
El Paso Performance-Linked Trust
7.75% due 07/15/2011 (g)	$	2,845,000		2,880,938
Ford Motor Credit Company LLC
7.2406% due 04/15/2012 (b)		6,282,000		5,807,759
8.0688% due 06/15/2011 (b)		8,957,000		6,521,905
12.00% due 05/15/2015		42,470,000		32,409,324
Forest City Enterprises, Inc.
7.625% due 06/01/2015		197,000		157,600
General Motors Acceptance Corp.
8.00% due 11/01/2031		28,515,000		10,758,054
Hawker Beechcraft Acquisition Company LLC
8.875% due 04/01/2015		13,715,000		12,412,075
9.75% due 04/01/2017		415,000		371,425
Hexion U.S. Finance Corp./Hexion Nova Scotia
Finance ULC
7.3044% due 11/15/2014 (b)		2,791,000		2,009,520
HSBC Bank PLC, Series E, MTN
7.00% due 11/01/2011		579,044		511,191
HSBC Bank USA, BKNT
7.00% due 11/01/2011 (b)(g)		234,103		220,829
7.00% due 11/01/2011 (b)(g)		225,298		212,208
HSBK Europe BV
7.25% due 05/03/2017 (g)		9,900,000		5,940,000
7.25% due 05/03/2017		140,000		86,870
9.25% due 10/16/2013 (g)		290,000		220,400
ICICI Bank, Ltd.
6.375% due 04/30/2022 (b)(g)		2,434,000		1,680,020
6.375% due 04/30/2022 (b)		1,907,000		1,530,215
Lukoil International Finance BV
6.656% due 06/07/2022		1,467,000		1,012,230
Lukoil International Finance BV, Series REGS
6.356% due 06/07/2017		3,860,000		2,933,600
Morgan Stanley
3.875% due 01/15/2009		4,000,000		3,680,072
Petroplus Finance, Ltd.
6.75% due 05/01/2014 (g)		2,170,000		1,833,650
7.00% due 05/01/2017 (g)		3,970,000		3,295,100

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Realogy Corp.
10.50% due 04/15/2014	$	890,000	$	391,600
11.00% due 04/15/2014		7,565,000		2,893,613
12.375% due 04/15/2015		7,355,000		2,500,700
Residential Capital LLC
8.50% due 05/15/2010 (g)		8,438,000		4,640,900
9.625% due 05/15/2015 (g)		13,304,000		3,192,960
RSHB Capital SA for OJSC Russian Agricultural
Bank
6.299% due 05/15/2017 (g)		1,144,000		816,702
7.125% due 01/14/2014 (g)		1,430,000		1,183,325
7.175% due 05/16/2013 (g)		1,301,000		1,102,858
SLM Corp., MTN
8.45% due 06/15/2018		11,730,000		7,976,400
Snoqualmie Entertainment Authority
6.875% due 02/01/2014 (b)(g)		2,845,000		2,048,400
TNK-BP Finance SA
6.625% due 03/20/2017 (g)		212,000		137,800
6.625% due 03/20/2017		2,683,000		1,916,682
7.50% due 07/18/2016 (g)		1,553,000		1,087,100
7.875% due 03/13/2018 (g)		2,540,000		1,778,000
TuranAlem Finance BV
8.25% due 01/22/2037 (g)		5,570,000		3,119,200
8.25% due 01/22/2037		3,166,000		1,772,960
Vanguard Health Holding Company I LLC
11.25 due 10/01/2015		2,740,000		2,370,100
Ventas Realty LP/Ventas Capital Corp.
6.50% due 06/01/2016		705,000		666,225
6.75% due 04/01/2017		4,835,000		4,569,075
				174,788,439
Industrial - 6.95%
American Railcar Industries, Inc.
7.50% due 03/01/2014		2,090,000		1,849,650
Associated Materials, Inc.
zero coupon, Step up to 11.25% on
03/01/2009 due 03/01/2014		14,400,000		9,288,000
9.75% due 04/15/2012		6,700,000		6,599,500
BE Aerospace, Inc.
8.50% due 07/01/2018		4,450,000		4,316,500
Berry Plastics Holding Corp.
10.25% due 03/01/2016		640,000		422,400
DRS Technologies, Inc.
6.625% due 02/01/2016		5,485,000		5,539,850
7.625% due 02/01/2018		875,000		914,375
Graham Packaging Company
9.875% due 10/15/2014		3,506,000		3,050,220
Graphic Packaging International Corp.
9.50% due 08/15/2013		8,160,000		7,384,800
Grupo Transportacion Ferroviaria Mexicana,
SA de CV
9.375% due 05/01/2012		9,690,000		9,883,800
Gulfmark Offshore, Inc.
7.75% due 07/15/2014		2,490,000		2,340,600
Horizon Lines, Inc.
4.25% due 08/15/2012		6,575,000		5,262,630
Kansas City Southern de Mexico SA de CV
7.375% due 06/01/2014		3,085,000		2,946,175
7.625% due 12/01/2013		1,565,000		1,494,575

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

149

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
Kansas City Southern Railway Company
7.50% due 06/15/2009	$	1,360,000	$	1,360,000
L-3 Communications Corp.
7.625% due 06/15/2012		3,435,000		3,383,475
Metals USA, Inc.
11.125% due 12/01/2015		8,540,000		8,198,400
NewPage Holding Corp.
9.9862% due 11/01/2013		4,286,677		3,793,709
Nortek, Inc.
10.00% due 12/01/2013 (g)		5,840,000		5,139,200
NTK Holdings, Inc.
10.75 due 03/01/2014		11,860,000		5,099,800
NXP BV/NXP Funding LLC
5.5406% due 10/15/2013 (b)		1,880,000		1,240,800
7.875% due 10/15/2014		2,255,000		1,510,850
Odebrecht Finance, Ltd.
7.50% due 10/18/2017 (g)		6,380,000		5,805,800
Plastipak Holdings, Inc.
8.50% due 12/15/2015 (g)		3,310,000		2,796,950
Radnor Holdings Corp.
11.00% due 03/15/2010 ^		2,275,000		2,844
Saint Acquisition Corp.
10.5544% due 05/15/2015 (b)(g)		8,780,000		2,721,800
12.50% due 05/15/2017 (a)(g)		4,705,000		1,552,650
Sequa Corp.
11.75% due 12/01/2015 (g)		3,110,000		2,612,400
13.50% due 12/01/2015 (g)		3,110,000		2,612,400
Solo Cup Company
8.50% due 02/15/2014		4,070,000		3,256,000
Teekay Shipping Corp.
8.875% due 07/15/2011		5,720,000		5,777,200
Terex Corp.
7.375% due 01/15/2014		1,180,000		1,073,800
				119,231,153
Technology - 1.63%
Activant Solutions, Inc.
9.50% due 05/01/2016		6,675,000		4,939,500
Ceridian Corp.
11.25% due 11/15/2015 (g)		850,000		701,250
Ceridian Corp., PIK
12.25% due 11/15/2015 (g)		5,145,000		4,193,175
First Data Corp.
9.875% due 09/24/2015 (g)		9,540,000		8,061,300
Freescale Semiconductor, Inc.
8.875% due 12/15/2014		720,000		496,800
Freescale Semiconductor, Inc., PIK
9.125% due 12/15/2014		1,450,000		913,500
Sensata Technologies B.V.
8.00% due 05/01/2014 (g)		990,000		836,550
Sungard Data Systems, Inc.
9.125% due 08/15/2013		3,564,000		3,207,600
10.25% due 08/15/2015		5,247,000		4,551,773
				27,901,448
Utilities - 7.80%
AES Corp.
8.00% due 10/15/2017		9,175,000		8,280,437
8.00% due 06/01/2020 (g)		1,010,000		883,750
8.75% due 05/15/2013 (g)		290,000		291,450

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utilities (continued)
AES Corp. (continued)
8.875% due 02/15/2011	$	3,100,000	$	3,053,500
9.375% due 09/15/2010		5,400,000		5,400,000
Edison Mission Energy
7.20% due 05/15/2019		4,190,000		3,687,200
7.625% due 05/15/2027		6,210,000		5,030,100
7.75% due 06/15/2016		4,100,000		3,854,000
EEB International Ltd.
8.75% due 10/31/2014 (g)		6,480,000		6,447,600
Energy Future Holdings Corp.
11.25% due 11/01/2017 (g)		57,590,000		48,663,550
Mirant Mid Atlantic LLC, Series C
10.06% due 12/30/2028		7,385,152		8,326,758
Mirant North America LLC
7.375% due 12/31/2013		1,095,000		1,029,300
NRG Energy, Inc.
7.25% due 02/01/2014		5,045,000		4,679,238
7.375% due 02/01/2016		12,935,000		11,641,500
7.375% due 01/15/2017		3,885,000		3,535,350
Orion Power Holdings, Inc.
12.00% due 05/01/2010		4,925,000		4,777,250
Texas Competitive Electric Holdings Company
LLC, PIK
10.50% due 11/01/2016 (g)		16,770,000		14,212,575
				133,793,558
TOTAL CORPORATE BONDS (Cost $1,816,681,695)			$	1,451,519,214
CONVERTIBLE BONDS - 0.08%
Communications - 0.08%
Virgin Media, Inc.
6.50% due 11/15/2016 (g)		2,120,000		1,373,760
TOTAL CONVERTIBLE BONDS (Cost $1,907,350)			$	1,373,760
COLLATERALIZED MORTGAGE
OBLIGATIONS - 0.22%
Lehman XS Trust, Series 2007-14H, Class A22
3.6069% due 06/25/2013 (b)		15,780,000		3,787,200
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $3,787,200)			$	3,787,200
DEFAULTED BONDS BEYOND MATURITY
DATES - 0.31%
Argentina - 0.31%
Republic of Argentina
7.00% due 03/18/2004 ^	EUR	2,185,000,000		452,763
7.625 due 08/11/2007 ^		4,400,000,000		859,772
8.50% due 02/23/2005 ^		2,003,000		423,227
9.00% due 02/26/2008 ^		450,000		186,518
9.00% due 06/20/2003 ^		925,000		356,481
9.25% due 10/21/2002 ^		1,075,000		427,531
9.25% due 07/20/2049 ^		600,000		229,120
9.75% due 11/26/2003 ^		1,975,000		778,514
10.00% due 02/22/2007 ^		825,000		329,557
10.00% due 09/07/2007 ^		1,000,000		330,833
10.00% due 01/03/2007 ^		1,075,000,000		224,707

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

150

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
DEFAULTED BONDS BEYOND MATURITY
DATES (continued)
Argentina (continued)
Republic of Argentina (continued)
10.50% due 11/14/2049 ^	EUR	3,500,000	$	664,463
				5,263,486
TOTAL DEFAULTED BONDS BEYOND MATURITY DATES
(Cost $5,040,661)			$	5,263,486
COMMON STOCKS - 0.01%
Communications - 0.01%
Maxcom Telecomunicaciones SAB de CV *		13,302		101,761
Viatel Holdings Bermuda, Ltd. *		38		38
XO Holdings, Inc. *		5,320		2,181
				103,980
Consumer, Cyclical - 0.00%
Home Interiors *		8,156,736		81,567
Utilities - 0.00%
PNM Resources, Inc.		210		2,150
TOTAL COMMON STOCKS (Cost $8,415,849)			$	187,697
PREFERRED STOCKS - 0.77%
Communications - 0.00%
ION Media Networks, Inc., Series B, 12.00%		13		5,200
Financial - 0.77%
Bank of America Corp., Series L, 7.25%		11,220		9,402,360
Citigroup, Inc., Series T, 6.50%		92,900		3,808,900
				13,211,260
TOTAL PREFERRED STOCKS (Cost $15,869,141)			$	13,216,460
TERM LOANS - 3.19%
Basic Materials - 0.09%
Verso Paper Holdings, Inc.
8.7094% due 02/01/2013 (b)		1,792,000		1,621,760
Communications - 0.69%
Newsday LLC
9.75% due 08/01/2013		2,000,000		1,935,000
Wind Acquisition Finance SA, PIK
13.0613% due 12/21/2011 (b)		10,662,621		9,916,237
				11,851,237
Consumer, Cyclical - 0.41%
Allison Transmission, Inc.
5.22% due 08/07/2014 (b)		7,810,968		6,552,543
Aramark Corp.
7.5788% due 01/31/2014 (b)		497,132		435,860
				6,988,403
Consumer, Non-cyclical - 0.54%
Iasis Holdco, Inc., PIK
8.0431% due 06/15/2014 (b)		6,774,444		5,758,278
Penhall Holdings, PIK
9.8825% due 04/01/2012 (b)		3,360,585		2,016,351
Simmons Holdco, Inc., PIK
8.2044% due 02/15/2012 (b)		3,500,000		1,400,000
				9,174,629

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Energy - 0.48%
Ashmore Energy
5.8006% due 03/30/2014 (b)	$	4,515,832	$	3,951,353
Stallion Oilfield Services
8.3613% due 07/31/2012 (b)		5,300,000		4,346,000
				8,297,353
Financial - 0.48%
HSBC Bank PLC
8.90% due 12/20/2010 (b)		62,682,000		2,247,372
RSHB Capital
9.50% due 02/11/2011 (b)		153,637,000		5,979,640
				8,227,012
Industrial - 0.50%
Berry Plastics Group, Inc.
9.725% due 06/15/2014 (b)		10,421,192		8,571,430
TOTAL TERM LOANS (Cost $64,189,595)			$	54,731,824
WARRANTS - 0.01%
Government - 0.01%
Republic of Venezuela
(Expiration date 04/15/2020; strike
price $26.00) *		346,000		121,686
TOTAL WARRANTS (Cost $107,260)			$	121,686
REPURCHASE AGREEMENTS - 3.36%
Merrill Lynch Tri-Party Repurchase
Agreement dated 09/30/2008 at
0.25% to be repurchased at
$57,700,400 on 10/1/2008,
collateralized by $58,708,000
Federal National Mortgage
Association, 3.375% due
03/15/2010 (valued at
$58,854,000, including interest)	$	57,700,000	$	57,700,000
TOTAL REPURCHASE AGREEMENTS
(Cost $57,700,000)			$	57,700,000
SHORT TERM INVESTMENTS - 2.26%
Bank Negara Malaysia Monetary Notes, Series 1308
zero coupon due 11/27/2008	MYR	20,000	$	5,780
Bank Negara Malaysia Monetary Notes, Series 1708
zero coupon due 10/07/2008		452,000		130,943
Bank Negara Malaysia Monetary Notes, Series 2008
zero coupon due 10/21/2008		1,185,000		343,598
Bank Negara Malaysia Monetary Notes, Series 2508
zero coupon due 11/13/2008		4,872,000		1,409,550
Bank Negara Malaysia Monetary Notes, Series 2608
zero coupon due 11/25/2008		849,000		245,341
Bank Negara Malaysia Monetary Notes, Series 3308
zero coupon due 10/07/2008		1,725,000		499,349
Bank Negara Malaysia Monetary Notes, Series 3508
zero coupon due 02/17/2009		1,000,000		286,681
Bank Negara Malaysia Monetary Notes, Series 4008
zero coupon due 12/30/2008		6,768,000		1,949,755
Bank Negara Malaysia Monetary Notes, Series 7208
zero coupon due 10/07/2008		430,000		124,838

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

151

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

High Yield Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Bank Negara Malaysia Monetary Notes, Series 8408
zero coupon due 10/28/2008	MYR	337,000	$	97,644
Bank Negara Malaysia Monetary Notes-Islamic,
Series 3808
zero coupon due 11/27/2008		3,391,000		979,889
Egypt Treasury Bills, Series 364
zero coupon due 10/28/2008 to
11/11/2008	EGP	109,000,000		19,826,979
1.00% due 11/25/2008		11,400,000		2,064,733
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	10,708,868		10,708,868
TOTAL SHORT TERM INVESTMENTS
(Cost $38,619,996)			$	38,673,948
Total Investments (High Yield Trust)
(Cost $2,076,463,271) - 98.01%			$	1,681,022,957
Other Assets in Excess of Liabilities - 1.99%				34,092,151
TOTAL NET ASSETS - 100.00%			$	1,715,115,108
Income Trust
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS - 4.09%
Federal Home Loan Bank - 0.65%
5.50% due 05/01/2037 to 06/01/2037	$	2,760,611	$	2,746,484
Federal National Mortgage
Association - 3.44%
5.00% due 04/01/2038		9,976,520		9,720,481
5.50% due 07/01/2037		2,688,810		2,681,143
6.00% due 07/01/2037		2,222,358		2,252,134
				14,653,758
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $16,803,750)			$	17,400,242
CORPORATE BONDS - 42.34%
Basic Materials - 0.29%
Ineos Group Holdings PLC
7.875% due 02/15/2016 (g)	EUR	1,650,000		1,225,314
Communications - 7.43%
Cablevision Systems Corp., Series B
8.00% due 04/15/2012	$	2,700,000		2,538,000
CanWest Media, Inc.
8.00% due 09/15/2012		2,211,000		1,846,185
Charter Communications Holdings I LLC
11.75% due 05/15/2014		5,000,000		1,925,000
13.50% due 01/15/2014		4,000,000		1,680,000
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		3,000,000		1,980,000
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		5,000,000		4,500,000
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		4,500,000		2,070,000
8.00% due 11/15/2013		500,000		230,000

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
DirecTV Holdings LLC
7.625% due 05/15/2016	$	5,000,000	$	4,525,000
Echostar DBS Corp.
7.75% due 05/31/2015		5,000,000		4,237,500
Nortel Networks, Ltd.
10.75% due 07/15/2016 (g)		3,400,000		1,989,000
R.H. Donnelley Corp.
8.875% due 10/15/2017		3,500,000		1,190,000
R.H. Donnelley Corp., Series A-1
6.875% due 01/15/2013		1,000,000		390,000
R.H. Donnelley Corp., Series A-2
6.875% due 01/15/2013		1,750,000		682,500
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		2,000,000		680,000
Univision Communications, Inc.
9.75% due 03/15/2015 (g)		2,500,000		1,162,500
				31,625,685
Consumer, Cyclical - 1.84%
Beazer Homes USA, Inc.
6.875% due 07/15/2015		200,000		124,000
D.R. Horton, Inc.
6.50% due 04/15/2016		700,000		532,000
Dollar General Corp.
10.625% due 07/15/2015		3,500,000		3,447,500
Dollar General Corp., PIK
11.875% due 07/15/2017		2,000,000		1,850,000
Ford Motor Company
7.45% due 07/16/2031		200,000		86,000
General Motors Corp.
8.375% due 07/15/2033		2,100,000		840,000
KB Home
5.75% due 02/01/2014		700,000		563,500
MGM Mirage, Inc.
6.75% due 04/01/2013		500,000		390,000
				7,833,000
Consumer, Non-cyclical - 6.19%
Community Health Systems, Inc.
8.875% due 07/15/2015		3,500,000		3,325,000
DaVita, Inc.
7.25% due 03/15/2015		1,700,000		1,615,000
HCA, Inc.
6.50% due 02/15/2016		2,200,000		1,743,500
9.25% due 11/15/2016		400,000		389,000
Hertz Corp.
8.875% due 01/01/2014		3,000,000		2,587,500
10.50% due 01/01/2016		1,000,000		835,000
JohnsonDiversey Holdings, Inc.
10.67% due 05/15/2013		2,000,000		1,940,000
Mylan, Inc.
3.75% due 09/15/2015 (g)		1,000,000		973,553
Tenet Healthcare Corp.
6.375% due 12/01/2011		5,500,000		5,073,750
9.25% due 02/01/2015		7,000,000		6,615,000
U.S. Oncology Holdings, Inc., PIK
8.3343% due 03/15/2012		1,611,658		1,232,919
				26,330,222

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

152

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy - 6.50%
Callon Petroleum Company, Series B
9.75% due 12/08/2010	$	300,000	$	280,500
Chesapeake Energy Corp.
6.50% due 08/15/2017		2,400,000		2,100,000
6.875% due 11/15/2020		300,000		256,500
7.25% due 12/15/2018		4,500,000		4,140,000
Dynegy Holdings, Inc.
6.875% due 04/01/2011		1,500,000		1,365,000
7.75% due 06/01/2019		1,000,000		800,000
8.375% due 05/01/2016		3,750,000		3,262,500
8.75% due 02/15/2012		400,000		378,000
El Paso Corp.
7.25% due 06/01/2018		2,500,000		2,325,000
7.75% due 01/15/2032		300,000		251,086
Mariner Energy, Inc.
7.50% due 04/15/2013		500,000		442,500
Newfield Exploration Company
6.625% due 04/15/2016		2,500,000		2,225,000
OPTI Canada, Inc.
7.875% due 12/15/2014		1,000,000		885,000
PetroHawk Energy Corp.
7.875% due 06/01/2015 (g)		3,000,000		2,610,000
Pioneer Natural Resources Company
6.875% due 05/01/2018		1,200,000		1,068,436
Plains Exploration & Production Company
7.75% due 06/15/2015		1,500,000		1,380,000
Sabine Pass LNG LP
7.25% due 11/30/2013		1,000,000		790,000
7.50% due 11/30/2016		1,800,000		1,404,000
SESI LLC
6.875% due 06/01/2014		1,000,000		870,000
W&T Offshore, Inc.
8.25% due 06/15/2014 (g)		1,000,000		800,000
				27,633,522
Financial - 11.49%
American Express Company
7.00% due 03/19/2018		500,000		441,289
American Express Credit Corp., Series C
7.30% due 08/20/2013		2,500,000		2,411,315
American International Group, Inc.
8.175% due 05/15/2058 (g)		3,500,000		560,679
8.25% due 08/15/2018 (g)		2,500,000		1,452,432
Bank of America Corp.
8.125% due 12/29/2049		500,000		403,970
CEVA Group PLC, ADR
10.00% due 09/01/2014 (g)		2,000,000		1,920,000
Citigroup Funding, Inc., Series CMCS
8.50% due 11/26/2008		110,000		2,102,232
Ford Motor Credit Company LLC
7.25% due 10/25/2011		1,000,000		635,893
7.375% due 10/28/2009		7,750,000		6,230,736
7.375% due 02/01/2011		2,000,000		1,328,962
7.875% due 06/15/2010		6,500,000		4,961,626
9.75% due 09/15/2010		1,800,000		1,290,749
General Motors Acceptance Corp.
5.625% due 05/15/2009		6,000,000		4,287,132
6.75% due 12/01/2014		500,000		191,907
6.875% due 09/15/2011		3,000,000		1,338,561

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
General Motors Acceptance Corp. (continued)
7.75% due 01/19/2010	$	7,500,000	$	4,490,738
Host Hotels & Resort LP, REIT
6.375% due 03/15/2015		1,000,000		812,500
iStar Financial, Inc.
8.625% due 06/01/2013		2,750,000		1,430,000
iStar Financial, Inc., REIT
5.15% due 03/01/2012		500,000		250,000
JPMorgan Chase & Company, Series L
7.90% due 12/31/2049		5,000,000		4,209,400
Lehman Brothers Holdings, Inc.
6.20% due 09/26/2014 ^		4,000,000		500,000
Lehman Brothers Holdings, Inc., MTN
6.875% due 05/02/2018 ^		1,700,000		212,500
Liberty Mutual Group, Inc.
10.75% due 06/15/2058 (g)		5,000,000		3,600,000
Merrill Lynch & Company, Inc., MTN
6.875% due 04/25/2018		1,000,000		884,750
Petroplus Finance, Ltd.
6.75% due 05/01/2014 (g)		500,000		422,500
Residential Capital LLC
9.625% due 05/15/2015 (g)		790,000		189,600
Vanguard Health Holding Company I LLC
11.25 due 10/01/2015		100,000		86,500
Washington Mutual Preferred Funding
9.75% due 10/29/2049 (g)		500,000		625
Wells Fargo Capital XIII, MTN, Series G
7.70% due 12/29/2049		900,000		784,809
Wells Fargo Capital XV
9.75% due 12/29/2049		1,500,000		1,455,000
				48,886,405
Industrial - 2.69%
Allied Waste North America, Inc., Series B
7.125% due 05/15/2016		1,000,000		932,500
7.375% due 04/15/2014		4,000,000		3,890,000
Flextronics International, Ltd.
6.25% due 11/15/2014		1,250,000		1,056,250
L-3 Communications Corp.
5.875% due 01/15/2015		100,000		90,500
Nortek, Inc.
10.00% due 12/01/2013 (g)		1,000,000		880,000
RBS Global, Inc.
9.50% due 08/01/2014		1,000,000		940,000
11.75% due 08/01/2016		700,000		661,500
Sanmina-SCI Corp.
6.75% due 03/01/2013		700,000		612,500
8.125% due 03/01/2016		500,000		425,000
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		200,000		156,000
Terex Corp.
8.00% due 11/15/2017		2,000,000		1,820,000
				11,464,250
Technology - 2.84%
Ceridian Corp.
11.25% due 11/15/2015 (g)		3,500,000		2,887,500
First Data Corp.
9.875% due 09/24/2015 (g)		2,500,000		1,962,500

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

153

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Technology (continued)
Freescale Semiconductor, Inc.
8.875% due 12/15/2014	$	3,800,000	$	2,622,000
10.125% due 12/15/2016		3,500,000		2,240,000
Sungard Data Systems, Inc.
10.625% due 02/28/2014 (g)		2,500,000		2,356,250
				12,068,250
Utilities - 3.07%
Energy Future Holdings Corp.
11.25% due 11/01/2017 (g)		4,100,000		3,464,500
Intergen NV
9.00% due 06/30/2017 (g)		1,000,000		1,000,000
PNM Resources, Inc.
9.25% due 05/15/2015		800,000		788,000
Public Service Company of New Mexico
7.95% due 05/15/2018		2,100,000		1,982,211
Reliant Energy, Inc.
7.625% due 06/15/2014		900,000		675,000
7.875% due 12/31/2017		400,000		296,000
Texas Competitive Electric Holdings Company LLC
10.25% due 11/01/2015 (g)		3,500,000		3,158,750
Texas Competitive Electric Holdings Company
LLC, PIK
10.50% due 11/01/2016 (g)		2,000,000		1,695,000
				13,059,461
TOTAL CORPORATE BONDS (Cost $227,681,907)			$	180,126,109
CONVERTIBLE BONDS - 1.45%
Financial - 1.19%
Goldman Sachs Group, Inc., Series ABX
10.00% due 02/27/2009		5,160,000		1,944,701
Goldman Sachs Group, Inc., Series XTO
9.00% due 08/18/2009		35,000		1,519,621
iStar Financial, Inc.
3.2913% due 10/01/2012 (b)		3,200,000		1,598,771
				5,063,093
Technology - 0.26%
Advanced Micro Devices, Inc.
5.75% due 08/15/2012 (g)		2,000,000		1,107,000
TOTAL CONVERTIBLE BONDS (Cost $9,159,305)			$	6,170,093
COMMON STOCKS - 35.06%
Basic Materials - 0.86%
Barrick Gold Corp.		12,600		462,924
Dow Chemical Company		100,000		3,178,000
				3,640,924
Communications - 2.08%
AT&T, Inc.		225,000		6,282,000
Verizon Communications, Inc.		80,000		2,567,200
				8,849,200
Consumer, Cyclical - 1.09%
Home Depot, Inc.		100,000		2,589,000
Target Corp.		42,000		2,060,100
				4,649,100

Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical - 3.87%
Bristol-Myers Squibb Company	75,000	$	1,563,750
Merck & Company, Inc.	180,000		5,680,800
Pfizer, Inc.	500,000		9,220,000
			16,464,550
Energy - 5.29%
Canadian Oil Sands Trust	175,000		6,373,473
Chevron Corp.	50,000		4,124,000
ConocoPhillips	60,000		4,395,000
Duke Energy Corp.	300,000		5,229,000
Spectra Energy Corp.	100,000		2,380,000
			22,501,473
Financial - 3.74%
Bank of America Corp.	225,000		7,875,000
Duke Realty Corp., REIT	75,000		1,843,500
HSBC Holdings PLC	250,000		4,044,566
iStar Financial, Inc., REIT	110,200		286,520
Wells Fargo & Company	50,000		1,876,500
			15,926,086
Industrial - 1.05%
3M Company	6,700		457,677
General Electric Company	157,000		4,003,500
			4,461,177
Technology - 2.21%
Intel Corp.	307,200		5,753,856
Maxim Integrated Products, Inc.	120,000		2,172,000
Microchip Technology, Inc.	50,000		1,471,500
			9,397,356
Utilities - 14.87%
AGL Resources, Inc.	75,000		2,353,500
Ameren Corp.	60,000		2,341,800
American Electric Power Company, Inc.	70,000		2,592,100
Atmos Energy Corp.	40,000		1,064,800
CenterPoint Energy, Inc.	100,000		1,457,000
Consolidated Edison, Inc.	80,000		3,436,800
Dominion Resources, Inc.	130,000		5,561,400
FirstEnergy Corp.	60,000		4,019,400
FPL Group, Inc.	60,000		3,018,000
NiSource, Inc.	30,000		442,800
PG&E Corp.	160,000		5,992,000
Pinnacle West Capital Corp.	70,000		2,408,700
PNM Resources, Inc.	19,016		194,724
Portland General Electric Company	50,000		1,183,000
Progress Energy, Inc.	50,000		2,156,500
Public Service Enterprise Group, Inc.	150,000		4,918,500
Puget Energy, Inc.	70,000		1,869,000
Sempra Energy	60,800		3,068,576
Teco Energy, Inc.	125,000		1,966,250
The Southern Company	250,000		9,422,500
Xcel Energy, Inc.	190,000		3,798,100
			63,265,450
TOTAL COMMON STOCKS (Cost $173,796,931)		$	149,155,316

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

154

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income Trust (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS - 4.33%
Consumer, Cyclical - 0.16%
General Motors Corp., Series C, 6.25%	85,000	$	680,000
Consumer, Non-cyclical - 0.59%
Schering-Plough Corp., 6.00%	15,000		2,527,140
Financial - 3.11%
American International Group, Inc., 8.50%	40,000		343,600
Bank of America Corp., Series L, 7.25%	3,000		2,514,000
Citigroup, Inc., Series T, 6.50%	20,000		820,000
Federal Home Loan Mortgage Corp.,
Series Z, 8.375%	94,900		146,146
Federal National Mortgage Association,
5.375%	20		65,000
Federal National Mortgage Association,
Series 08-1, 8.75%	56,800		138,592
Federal National Mortgage Association,
Series Q, 6.75%	80,000		144,000
Federal National Mortgage Association,
Series R, 7.625%	60,200		108,360
Federal National Mortgage Association,
Series S, 8.25%	79,300		172,874
FelCor Lodging Trust, Inc., Series A,
$1.95/share	35,000		428,750
Legg Mason, Inc., 7.00%	67,500		2,340,650
Lehman Brothers Holdings, Inc., Series P,
7.25% ^	7,280		4,732
Lehman Brothers Holdings, Inc., Series Q,
8.75% ^	6,500		3,250
Morgan Stanley, 5.26% (g)	75,000		5,578,875
Wachovia Corp., Series L, 7.50%	1,100		423,500
Washington Mutual, Inc., Series R, 7.75%	3,200		896
			13,233,225
Utilities - 0.47%
CMS Energy Trust I, 7.75%	45,000		1,983,789
TOTAL PREFERRED STOCKS (Cost $53,482,871)		$	18,424,154
TERM LOANS - 3.65%
Communications - 1.30%
Clear Channel Communications, Term Loan B
6.1075% due 11/13/2015 (b)	5,500,000		4,555,815
Idearc, Inc., Term Loan A
1.00% due 11/17/2013 (b)	1,500,000		983,445
			5,539,260
Consumer, Cyclical - 0.59%
Allison Transmission, Inc.
5.22% due 08/07/2014 (b)(g)	2,440,927		2,047,670
Berry Plastics Corp.
9.7913% due 06/15/2014 (b)	550,005		452,379
			2,500,049
Consumer, Non-cyclical - 0.54%
Bausch & Lomb, Inc.
6.0506% due 04/28/2015 (b)	597,600		558,349
U.S. Investigations Services, Inc.
5.5513% due 04/01/2015 (b)	1,984,962		1,707,068
			2,265,417

Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Technology - 0.82%
First Data Corp., Tranche B2
5.2219% due 09/24/2014 (b)	$	1,985,000	$	1,738,522
First Data Corp., Tranche B3
5.5519% due 09/24/2014 (b)		1,989,975		1,759,000
				3,497,522
Utilities - 0.40%
Texas Competitive Electric Holdings Company LLC
5.9888% due 10/10/2014 (b)		1,985,000		1,704,341
TOTAL TERM LOANS (Cost $16,735,546)			$	15,506,589
REPURCHASE AGREEMENTS - 0.03%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$114,004 on 10/01/2008,
collateralized by $120,000 Federal
Home Loan Mortgage Corp.,
5.51% due 01/23/2023 (valued at
$118,308, including interest)	$	114,000	$	114,000
TOTAL REPURCHASE AGREEMENTS
(Cost $114,000)			$	114,000
SHORT TERM INVESTMENTS - 9.02%
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2008	$	38,395,000	$	38,395,000
TOTAL SHORT TERM INVESTMENTS
(Cost $38,395,000)			$	38,395,000
Total Investments (Income Trust)
(Cost $536,169,310) - 99.97%			$	425,291,503
Other Assets in Excess of Liabilities - 0.03%				144,420
TOTAL NET ASSETS - 100.00%			$	425,435,923
Income & Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 63.26%
Basic Materials - 1.96%
Allegheny Technologies, Inc.		43,600	$	1,288,380
Barrick Gold Corp.		54,700		2,009,678
Cliffs Natural Resources, Inc.		5,700		301,758
Monsanto Company		13,300		1,316,434
Nucor Corp.		11,700		462,150
Potash Corp. of Saskatchewan, Inc.		10,600		1,399,306
				6,777,706
Communications - 8.43%
American Tower Corp., Class A *		35,200		1,266,144
AT&T, Inc.		73,000		2,038,160
CBS Corp., Class B		40,500		590,490
Ciena Corp. *		11,600		116,928
Cisco Systems, Inc. *		163,600		3,690,816
Comcast Corp., Class A		35,350		693,921
Corning, Inc.		17,900		279,956

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

155

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
eBay, Inc. *	40,300	$	901,914
Gannett Company, Inc.	56,900		962,179
Google, Inc., Class A *	15,900		6,368,268
Level 3 Communications, Inc. *	341,100		920,970
Monster Worldwide, Inc. *	29,300		436,863
Omnicom Group, Inc.	29,800		1,149,088
Polycom, Inc. *	33,400		772,542
QUALCOMM, Inc.	59,800		2,569,606
Time Warner Cable, Inc. *	38,700		936,540
Time Warner, Inc.	44,000		576,840
TW Telecom, Inc. *	103,000		1,070,170
Viacom, Inc., Class B *	21,550		535,302
Walt Disney Company	73,300		2,249,577
Yahoo!, Inc. *	53,700		929,010
			29,055,284
Consumer, Cyclical - 6.33%
Best Buy Company, Inc.	74,400		2,790,000
Carnival Corp.	19,800		699,930
Coach, Inc. *	14,800		370,592
Costco Wholesale Corp.	7,400		480,482
Ford Motor Company *	107,000		556,400
General Motors Corp.	43,600		412,020
Hanesbrands, Inc. *	47,812		1,039,911
Home Depot, Inc.	49,800		1,289,322
Honda Motor Company, Ltd., ADR	31,700		954,487
Johnson Controls, Inc.	31,500		955,395
Las Vegas Sands Corp. * (a)	19,100		689,701
Lowe's Companies, Inc.	45,800		1,085,002
Nordstrom, Inc.	62,100		1,789,722
Phillips-Van Heusen Corp.	15,160		574,716
Southwest Airlines Company	73,000		1,059,230
Target Corp.	109,200		5,356,260
Urban Outfitters, Inc. *	26,500		844,555
Walgreen Company	17,200		532,512
Wynn Resorts, Ltd. *	4,500		367,380
			21,847,617
Consumer, Non-cyclical - 17.77%
Abbott Laboratories	43,700		2,516,246
Allergan, Inc.	37,900		1,951,850
Altria Group, Inc.	77,600		1,539,584
Apollo Group, Inc., Class A *	2,500		148,250
AstraZeneca PLC, SADR	58,100		2,549,428
Baxter International, Inc.	80,200		5,263,526
BioMarin Pharmaceutical, Inc. *	18,900		500,661
Bristol-Myers Squibb Company	49,300		1,027,905
Campbell Soup Company	25,800		995,880
Cardinal Health, Inc.	9,900		487,872
Celgene Corp. *	46,100		2,917,208
DaVita, Inc. *	30,850		1,758,758
Estee Lauder Companies, Inc., Class A	15,200		758,632
Forest Laboratories, Inc. *	42,400		1,199,072
Genentech, Inc. *	68,600		6,083,448
General Mills, Inc.	8,500		584,120
Gilead Sciences, Inc. *	12,300		560,634
Health Net, Inc. *	9,200		217,120

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
ImClone Systems, Inc. *	38,700	$	2,416,428
Jarden Corp. *	16,000		375,200
Kimberly-Clark Corp.	8,000		518,720
Kraft Foods, Inc., Class A	115,989		3,798,640
Medtronic, Inc.	44,800		2,244,480
Paychex, Inc.	50,000		1,651,500
PepsiCo, Inc.	59,600		4,247,692
Pfizer, Inc.	102,800		1,895,632
Philip Morris International, Inc.	49,200		2,366,520
Sanofi-Aventis, ADR	43,800		1,439,706
Sara Lee Corp.	199,600		2,520,948
Schering-Plough Corp.	4,300		79,421
Sepracor, Inc. *	41,400		758,034
Teva Pharmaceutical Industries, Ltd., SADR	14,400		659,376
The Coca-Cola Company	23,600		1,247,968
Unilever NV	29,400		827,904
UnitedHealth Group, Inc.	79,300		2,013,427
Visa, Inc.	7,600		466,564
Wyeth	18,800		694,472
			61,282,826
Energy - 4.44%
Anadarko Petroleum Corp.	13,900		674,289
Baker Hughes, Inc.	9,400		569,076
BJ Services Company	28,500		545,205
Chevron Corp.	20,755		1,711,872
ConocoPhillips	27,100		1,985,075
EOG Resources, Inc.	9,900		885,654
Exxon Mobil Corp.	18,700		1,452,242
Marathon Oil Corp.	72,900		2,906,523
Royal Dutch Shell PLC, ADR, Class B	10,695		610,578
Royal Dutch Shell PLC, ADR	12,300		725,823
Schlumberger, Ltd.	29,900		2,334,891
Weatherford International, Ltd. *	35,800		900,012
			15,301,240
Financial - 9.48%
ACE, Ltd.	3,300		178,629
Aetna, Inc.	14,500		523,595
AFLAC, Inc.	22,900		1,345,375
Ambac Financial Group, Inc.	58,000		135,140
Astoria Financial Corp.	16,900		350,337
Bank of America Corp.	8,700		304,500
Berkshire Hathaway, Inc., Class A *	11		1,436,600
Capital One Financial Corp.	10,300		525,300
Douglas Emmett, Inc., REIT	22,900		528,303
Fifth Third Bancorp	25,200		299,880
Goldman Sachs Group, Inc.	42,070		5,384,960
Hudson City Bancorp, Inc.	135,300		2,496,285
JPMorgan Chase & Company	187,216		8,742,987
Progressive Corp.	51,900		903,060
SunTrust Banks, Inc.	11,700		526,383
Wells Fargo & Company	197,300		7,404,669
XL Capital, Ltd., Class A	88,900		1,594,866
			32,680,869
Industrial - 7.22%
Cooper Industries, Ltd., Class A	14,200		567,290

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

156

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Danaher Corp.	11,800	$	818,920
Emerson Electric Company	14,300		583,297
Energizer Holdings, Inc. *	10,200		821,610
FedEx Corp.	15,100		1,193,504
Flextronics International, Ltd. *	64,200		454,536
Fluor Corp.	28,600		1,593,020
General Electric Company	193,400		4,931,700
Illinois Tool Works, Inc.	44,000		1,955,800
Jabil Circuit, Inc.	127,800		1,219,212
KLA-Tencor Corp.	58,900		1,864,185
Leggett & Platt, Inc.	41,700		908,643
Tyco International, Ltd.	12,600		441,252
United Parcel Service, Inc., Class B	83,200		5,232,448
United Technologies Corp.	30,000		1,801,800
Vulcan Materials Company	6,900		514,050
			24,901,267
Technology - 6.82%
Adobe Systems, Inc. *	35,000		1,381,450
Agilent Technologies, Inc. *	41,300		1,224,958
Altera Corp.	33,400		690,712
Apple, Inc. *	16,300		1,852,658
Applied Materials, Inc.	185,700		2,809,641
Brocade Communications Systems, Inc. *	216,500		1,260,030
Cerner Corp. *	19,800		883,872
Cognizant Technology Solutions Corp.,
Class A *	25,400		579,882
Dell, Inc. *	80,600		1,328,288
Intel Corp.	28,300		530,059
International Business Machines Corp.	7,300		853,808
Lam Research Corp. *	17,200		541,628
Microchip Technology, Inc.	16,100		473,823
Micron Technology, Inc. * (a)	157,400		637,470
Microsoft Corp.	126,980		3,389,096
NetApp, Inc. *	34,400		627,112
Oracle Corp. *	17,500		355,425
SanDisk Corp. *	119,200		2,330,360
Seagate Technology	33,000		399,960
Sun Microsystems, Inc. *	55,575		422,370
VeriFone Holdings, Inc. *	56,800		939,472
			23,512,074
Utilities - 0.81%
AES Corp. *	31,300		365,897
American Water Works Company, Inc.	37,700		810,550
CMS Energy Corp.	37,800		471,366
Edison International	16,100		642,390
Pinnacle West Capital Corp.	14,400		495,504
			2,785,707
TOTAL COMMON STOCKS (Cost $242,497,383)		$	218,144,590
PREFERRED STOCKS - 0.30%
Consumer, Non-cyclical - 0.14%
Schering-Plough Corp., 6.00%	2,800		471,733
Financial - 0.16%
Bank of America Corp., 8.00% *	190,000		150,455

Income & Value Trust (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS (continued)
Financial (continued)
Fifth Third Bancorp, Series G, 8.50% *	2,800	$	291,172
SLM Corp., Series C, 7.25%	200		115,810
			557,437
TOTAL PREFERRED STOCKS (Cost $1,370,000)		$	1,029,170
U.S. TREASURY OBLIGATIONS - 4.67%
Treasury Inflation-Protected
Securities (d) - 0.12%
3.00% due 07/15/2012	421,994		439,236
U.S. Treasury Bonds - 1.68%
4.375% due 02/15/2038	120,000		121,528
5.00% due 05/15/2037	795,000		884,375
5.50% due 08/15/2028	1,000,000		1,138,984
6.25% due 08/15/2023	2,005,000		2,407,409
7.25% due 05/15/2016	830,000		1,027,450
8.875% due 08/15/2017	150,000		205,348
			5,785,094
U.S. Treasury Notes - 2.57%
2.75% due 02/28/2013	1,125,000		1,119,199
3.50% due 02/15/2018	655,000		642,309
3.625% due 07/15/2009 to 05/15/2013	1,620,000		1,669,639
3.875% due 02/15/2013	240,000		249,731
4.25% due 09/30/2012	1,895,000		2,007,516
4.625% due 12/31/2011	490,000		522,731
4.875% due 06/30/2009 to 06/30/2012	2,206,000		2,291,403
5.75% due 08/15/2010	330,000		353,410
			8,855,938
U.S. Treasury Strips - 0.30%
0.01% due 02/15/2037	3,540,000		1,045,850
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $16,080,916)		$	16,126,118
U.S. GOVERNMENT AGENCY OBLIGATIONS - 9.52%
Federal Agricultural Mortgage Corp. - 0.34%
5.50% due 07/15/2011	500,000		527,524
5.125% due 03/30/2011	605,000		630,653
			1,158,177
Federal Home Loan Bank - 0.73%
4.125% due 11/19/2008	535,000		536,094
5.125% due 08/14/2013	200,000		208,176
5.375% due 05/18/2016	1,000,000		1,036,704
5.625% due 06/13/2016	765,000		738,482
			2,519,456
Federal Home Loan Mortgage Corp. - 2.47%
5.00% due 02/01/2038	3,064,668		2,984,580
5.25% due 07/18/2011	250,000		262,166
5.482% due 02/01/2038 (b)	470,489		465,450
5.50% due 01/01/2034 to 04/01/2038	3,172,688		3,159,319
5.728% due 11/01/2037 (b)	90,900		91,494
6.00% due 04/01/2016 to 08/01/2038	1,228,540		1,247,075
6.324% due 02/01/2037	248,066		251,797
6.50% due 09/01/2038	49,202		50,506
			8,512,387

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

157

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association - 5.98%
4.50% TBA **	$	250,000	$	236,406
5.00% due 10/15/2011 to 03/01/2037		4,407,664		4,362,227
5.25% due 08/01/2012 to 09/15/2016		1,480,000		1,494,318
5.50% due 01/01/2035 to 09/01/2037		3,655,141		3,650,483
6.00% due 06/01/2021 to 03/01/2037		6,588,911		6,678,001
6.125% due 03/15/2012		555,000		599,224
6.1618% due 02/17/2009 (b)		1,000,000		1,000,000
6.25% due 02/01/2011 to 05/15/2029		325,000		361,445
6.50% IO due 07/01/2037		1,185,609		1,203,532
7.00% due 03/01/2037 to 10/01/2047		896,343		933,359
7.50% due 09/01/2029 to 10/01/2031		109,004		116,591
				20,635,586
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $32,811,666)			$	32,825,606
FOREIGN GOVERNMENT OBLIGATIONS - 1.94%
Argentina - 0.01%
Republic of Argentina
1.3182% due 12/15/2035 (b)		478,500		38,519
Australia - 0.04%
Commonwealth of Australia
6.00% due 10/14/2015	AUD	165,000		131,113
Brazil - 0.04%
Federative Republic of Brazil
6.00% due 05/15/2045	BRL	125		96,083
10.00% due 01/01/2017		70,000		30,253
				126,336
Canada - 0.01%
Government of Canada
4.50% due 06/01/2015	CAD	50,000		49,969
Colombia - 0.07%
Republic of Colombia
10.00% due 01/23/2012	$	90,000		99,900
12.00% due 10/22/2015	COP	273,000,000		130,578
				230,478
France - 0.13%
Government of France
4.75% due 04/25/2035	EUR	325,000		456,419
Gabon - 0.04%
Republic of Gabon
8.20% due 12/12/2017	$	150,000		139,111
Germany - 0.63%
Federal Republic of Germany
3.25% due 07/04/2015	EUR	700,000		945,470
4.25% due 07/04/2014		565,000		812,278
4.50% due 07/04/2009		290,000		410,455
				2,168,203
Japan - 0.39%
Government of Japan
1.50% due 09/20/2014	JPY	140,000,000		1,345,940

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Mexico - 0.10%
Government of Mexico
5.625% due 01/15/2017	$	234,000	$	228,501
9.00% due 12/24/2009	MXN	500,000		46,167
10.00% due 12/05/2024		8,000		82,867
				357,535
Poland - 0.04%
Republic of Poland
5.75% due 03/24/2010	PLN	375,000		153,922
Russia - 0.07%
Government of Russia
7.50% due 03/31/2030	$	246,250		250,819
Sweden - 0.13%
Kingdom of Sweden
6.75% due 05/05/2014	SEK	2,610,000		432,638
United Kingdom - 0.24%
United Kingdom Gilt
4.00% due 09/07/2016	GBP	465,000		810,299
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $7,170,688)			$	6,691,301
CORPORATE BONDS - 7.21%
Basic Materials - 0.14%
ArcelorMittal
5.375% due 06/01/2013 (g)	$	100,000		94,470
6.125% due 06/01/2018 (g)		280,000		248,111
Freeport-McMoRan Copper & Gold, Inc.
6.875% due 02/01/2014		70,000		69,300
Vale Overseas, Ltd.
6.875% due 11/21/2036		100,000		89,011
				500,892
Communications - 0.72%
Charter Communications Operating LLC
8.375% due 04/30/2014 (g)		300,000		264,750
Cisco Systems, Inc.
5.25% due 02/22/2011		125,000		127,604
Comcast Corp.
6.95% due 08/15/2037		125,000		106,619
Cox Communications, Inc.
7.75% due 11/01/2010		125,000		129,628
Nielsen Finance LLC
10.00% due 08/01/2014		400,000		380,000
SBC Communications, Inc.
5.625% due 06/15/2016		125,000		115,764
Telecom Italia Capital SA
5.25% due 10/01/2015		50,000		41,620
5.25% due 11/15/2013		200,000		177,438
7.20% due 07/18/2036		130,000		102,461
7.721% due 06/04/2038		85,000		70,449
Thomson Reuters Corp.
5.95% due 07/15/2013		75,000		74,911
6.50% due 07/15/2018		140,000		133,891
Time Warner Cable, Inc.
6.75% due 07/01/2018		75,000		70,045
Time Warner, Inc.
5.875% due 11/15/2016		125,000		109,860

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

158

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Time Warner, Inc. (continued)
7.625% due 04/15/2031	$	130,000	$	112,887
Univision Communications, Inc.
9.75% due 03/15/2015 (g)		600,000		279,000
Verizon Communications, Inc.
5.25% due 04/15/2013		50,000		48,192
5.50% due 04/01/2017		50,000		44,888
Vodafone Group PLC
6.15% due 02/27/2037		125,000		100,389
				2,490,396
Consumer, Cyclical - 0.35%
Delta Air Lines, Inc., Series 02-1
6.417% due 07/02/2012		295,000		258,863
Home Depot, Inc.
2.9438% due 12/16/2009 (b)		370,000		348,106
Michaels Stores, Inc.
10.00% due 11/01/2014		300,000		189,000
Seminole Tribe of Florida
5.798% due 10/01/2013 (g)		180,000		182,948
Walgreen Company
4.875% due 08/01/2013		75,000		74,977
Wyndham Worldwide Corp.
6.00% due 12/01/2016		170,000		145,056
				1,198,950
Consumer, Non-cyclical - 0.57%
Abbott Laboratories
5.60% due 11/30/2017		65,000		63,005
Anheuser-Busch Companies, Inc.
5.50% due 01/15/2018		420,000		360,704
AstraZeneca PLC
5.40% due 09/15/2012		100,000		100,469
Biogen Idec, Inc.
6.00% due 03/01/2013		60,000		59,244
Cardinal Health, Inc.
5.80% due 10/15/2016		250,000		233,540
Delhaize Group
6.50% due 06/15/2017		50,000		47,358
GlaxoSmithKline Capital, Inc.
4.85% due 05/15/2013		200,000		196,345
Hospira, Inc.
5.55% due 03/30/2012		75,000		74,959
Kraft Foods, Inc.
6.875% due 02/01/2038		75,000		69,047
Tenet Healthcare Corp.
9.875% due 07/01/2014		250,000		243,750
Tyson Foods, Inc.
6.85% due 04/01/2016		370,000		305,250
WellPoint, Inc.
6.375% due 06/15/2037		240,000		205,337
				1,959,008
Diversified - 0.03%
Capmark Financial Group, Inc.
6.30% due 05/10/2017		235,000		92,341
Energy - 0.87%
Canadian Natural Resources, Ltd.
5.70% due 05/15/2017		75,000		65,564

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Enbridge Energy Partners LP, Series B
6.50% due 04/15/2018	$	50,000	$	46,140
Enterprise Products Operating LP, Series B
5.60% due 10/15/2014		90,000		84,806
6.875% due 03/01/2033		125,000		109,880
Gaz Capital for Gazprom
6.51% due 03/07/2022		100,000		71,380
Gaz Capital SA, Series 144A
7.51% due 07/31/2013		475,000		480,230
Husky Energy, Inc.
6.80% due 09/15/2037		100,000		82,724
Kinder Morgan Energy Partners LP
5.125% due 11/15/2014		110,000		100,414
6.00% due 02/01/2017		335,000		303,670
6.50% due 02/01/2037		130,000		105,078
Pemex Project Funding Master Trust
3.4106% due 12/03/2012 (b)		590,000		558,317
Petroleum Export, Ltd.
5.265% due 06/15/2011 (g)		299,869		296,939
TransCanada Pipelines Ltd
6.50% due 08/15/2018		80,000		77,590
TransCanada Pipelines, Ltd.
6.20% due 10/15/2037		150,000		128,810
TransCanada Pipelines, Ltd., ADR
6.35% due 05/15/2067 (b)		170,000		134,484
Williams Companies, Inc.
7.875% due 09/01/2021		148,000		148,000
8.125% due 03/15/2012		140,000		141,445
8.75% due 03/15/2032		84,000		86,130
				3,021,601
Financial - 3.37%
ACE INA Holdings, Inc.
6.70% due 05/15/2036		70,000		62,247
Allstate Corp.
6.125% due 05/15/2037 (b)		110,000		80,733
American Express Company
8.15% due 03/19/2038		75,000		67,082
Assured Guaranty U.S. Holdings, Inc., Series A
6.40% due 12/15/2066 (b)		75,000		36,399
BA Covered Bond Issuer
5.50% due 06/14/2012		240,000		246,182
BAC Capital Trust XIII
3.2188% due 03/15/2043 (b)		700,000		489,780
Banco Bilbao Vizcaya Argentaria SA
5.75% due 07/20/2017 (g)		200,000		213,119
Bank of America Corp.
5.65% due 05/01/2018		10,000		8,423
Bank of America NA
5.30% due 03/15/2017		250,000		207,675
Bank of Scotland PLC
5.25% due 02/21/2017 (g)		245,000		213,739
Bear Stearns Companies, Inc.
7.25% due 02/01/2018		260,000		250,218
Berkshire Hathaway Finance Corp.
4.60% due 05/15/2013		150,000		147,489
Brandywine Operating Partnership
5.40% due 11/01/2014		315,000		266,226
6.00% due 04/01/2016		25,000		21,283

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

159

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Capital One Financial Corp.
6.25% due 11/15/2013	$	470,000	$	416,716
Capmark Financial Group, Inc.
5.875% due 05/10/2012		790,000		393,810
Caterpillar Financial Services Corp., MTN
4.85% due 12/07/2012		50,000		48,667
Catlin Insurance Company, Ltd.
7.249% due 12/31/2049 (b)(g)		250,000		111,602
CIT Group, Inc.
7.625% due 11/30/2012		50,000		31,718
Citigroup Capital XXI
8.30% due 12/21/2057 (b)		330,000		245,870
Citigroup, Inc.
6.00% due 08/15/2017		25,000		21,178
CNA Financial Corp.
7.25% due 11/15/2023		100,000		87,222
CoBank ACB
3.4188% due 06/15/2022 (b)(g)		360,000		265,176
Countrywide Home Loans, Inc., MTN
4.125% due 09/15/2009		40,000		36,788
Depfa ACS Bank
5.125% due 03/16/2037		100,000		94,800
Depfa ACS Bank, EMTN
4.75% due 10/12/2010		200,000		201,149
Developers Diversified Realty Corp.
5.00% due 05/03/2010		125,000		121,235
5.50% due 05/01/2015		45,000		38,509
Fifth Third Capital Trust IV
6.50% due 04/01/2037 (b)		250,000		109,392
Ford Motor Credit Company LLC
8.625% due 11/01/2010		150,000		106,368
General Motors Acceptance Corp.
7.00% due 02/01/2012		450,000		183,424
Goldman Sachs Group, Inc.
6.15% due 04/01/2018		545,000		453,175
HBOS PLC
6.75% due 05/21/2018 (g)		100,000		83,848
Hospitality Properties Trust
6.70% due 01/15/2018		400,000		314,326
HSBK Europe BV
7.25% due 05/03/2017		300,000		186,150
7.75% due 05/13/2013 (g)		190,000		131,100
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)		145,000		80,426
4.90% due 09/23/2010		220,000		169,292
JP Morgan Chase Capital XXV, Series Y
6.80% due 10/01/2037		425,000		325,785
JPMorgan Chase Capital XX, Series T
6.55% due 09/29/2036		180,000		132,351
Kazkommerts International BV
8.00% due 11/03/2015		150,000		85,513
Kimco Realty Corp.
4.82% due 06/01/2014		125,000		111,230
Korea Development Bank
5.30% due 01/17/2013		100,000		99,327
Lehman Brothers Holdings, Inc.
zero coupon due 01/12/2012 ^ (b)		220,000		27,500
Liberty Mutual Group, Inc.
6.50% due 03/15/2035 (g)		150,000		108,908

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Liberty Mutual Group, Inc. (continued)
7.50% due 08/15/2036 (g)	$	480,000	$	378,823
Merrill Lynch & Company, Inc., MTN
6.875% due 04/25/2018		150,000		132,713
National Rural Utilities Cooperative Finance Corp.
5.50% due 07/01/2013		100,000		99,267
Nationwide Building Society
5.50% due 07/18/2012 (g)		165,000		170,066
5.50% due 07/18/2012		210,000		220,783
Nationwide Financial Services
6.75% due 05/15/2037		290,000		156,836
Nationwide Mutual Insurance Company
7.875% due 04/01/2033 (g)		60,000		59,199
Northern Rock PLC
5.625% due 06/22/2017 (g)		200,000		203,725
Northern Trust Corp.
5.50% due 08/15/2013		120,000		120,086
PNC Preferred Funding Trust I
6.113% due 03/15/2049 (b)(g)		500,000		344,145
ProLogis
5.25% due 11/15/2010		200,000		199,435
5.625% due 11/15/2015		130,000		113,658
6.625% due 05/15/2018		125,000		107,358
Reliastar Financial Corp.
6.50% due 11/15/2008		280,000		280,608
Resona Bank, Ltd.
5.85% due 09/29/2049 (b)(g)		690,000		507,484
Royal Bank of Scotland Group PLC
6.99% due 10/29/2049 (b)(g)		150,000		111,788
Simon Property Group LP
5.30% due 05/30/2013		150,000		140,106
SLM Corp., Series A
5.00% due 04/15/2015		125,000		75,000
SMFG Preferred Capital
6.078% due 01/29/2049 (b)(g)		240,000		171,372
Unicredit Luxembourg Finance SA
5.584% due 01/13/2017 (b)(g)		200,000		182,916
US AgBank FCB
6.11% due 12/31/2049 (b)(g)		400,000		239,396
WEA Finance LLC/WCI Finance LLC
5.70% due 10/01/2016		75,000		64,616
Wells Fargo & Co
5.625% due 12/11/2017		75,000		68,928
Wells Fargo Capital XV
9.75% due 12/29/2049		50,000		48,500
Zions Bancorporation
5.50% due 11/16/2015		500,000		285,303
				11,615,261
Industrial - 0.55%
Atlas Copco AB, ADR
5.60% due 05/22/2017 (g)		125,000		121,453
BAE Systems Asset Trust
6.664% due 09/15/2013 (g)		763,817		747,888
7.156% due 12/15/2011 (g)		326,397		328,565
BNSF Funding Trust I
6.613% due 12/15/2055 (b)		35,000		28,660
Burlington Northern Santa Fe Corp.
6.15% due 05/01/2037		110,000		100,392

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

160

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
General Electric Company
5.00% due 02/01/2013	$	125,000	$	115,127
Koninklijke Philips Electronics NV
7.20% due 06/01/2026		125,000		128,160
Norfolk Southern Corp.
5.75% due 04/01/2018		75,000		72,292
NXP BV/NXP Funding LLC
7.875% due 10/15/2014		300,000		201,000
Union Pacific Corp.
5.70% due 08/15/2018		25,000		23,282
5.75% due 11/15/2017		25,000		23,140
				1,889,959
Technology - 0.07%
Hewlett-Packard Company
5.50% due 03/01/2018		100,000		93,838
KLA-Tencor Corp.
6.90% due 05/01/2018		120,000		111,576
National Semiconductor Corp.
6.15% due 06/15/2012		25,000		24,419
				229,833
Utilities - 0.54%
Appalachian Power Company
5.55% due 04/01/2011		125,000		123,499
Cleveland Electric Illuminating Company
5.65% due 12/15/2013		95,000		91,369
Connecticut Light & Power Company
5.65% due 05/01/2018		140,000		132,320
Consumers Energy Co
6.125% due 03/15/2019		50,000		47,057
Energy East Corp.
6.75% due 07/15/2036		125,000		111,475
Florida Power Corp.
5.65% due 06/15/2018		230,000		219,970
Ohio Edison Company
6.40% due 07/15/2016		70,000		66,598
Pacific Gas & Electric Company
4.20% due 03/01/2011		150,000		146,550
Pennsylvania Electric Company
6.05% due 09/01/2017		35,000		32,221
Public Service Co of Colorado
5.80% due 08/01/2018		130,000		125,509
Public Service Electric & Gas Company, MTN
5.30% due 05/01/2018		40,000		37,358
Southern California Edison Co
5.50% due 08/15/2018		50,000		47,707
Taqa Abu Dhabi National Energy Company
6.60% due 08/01/2013 (g)		200,000		198,546
United Energy Distribution Property, Ltd.
4.70% due 04/15/2011 (g)		170,000		174,347
Veolia Environnement
5.25% due 06/03/2013		125,000		122,913
6.00% due 06/01/2018		140,000		134,246
Virginia Electric and Power Company
5.95% due 09/15/2017		50,000		47,584
				1,859,269
TOTAL CORPORATE BONDS (Cost $29,679,293)			$	24,857,510

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CONVERTIBLE BONDS - 0.17%
Consumer, Cyclical - 0.17%
Ford Motor Company
4.25% due 12/15/2036	$	973,000	$	574,654
TOTAL CONVERTIBLE BONDS (Cost $979,049)			$	574,654
COLLATERALIZED MORTGAGE
OBLIGATIONS - 7.90%
American Home Mortgage Assets, Series 2007-3,
Class 22A1
6.25% due 06/25/2037		137,250		83,640
American Tower Trust, Series 2007-1A, Class AFX
5.4197% due 04/15/2037 (g)		125,000		112,636
American Tower Trust, Series 2007-1A, Class B
5.537% due 04/15/2037 (g)		125,000		121,499
American Tower Trust, Series 2007-1A, Class D
5.9568% due 04/15/2037 (g)		125,000		111,943
Banc of America Funding Corp.,
Series 2005-H, Class 9A1
5.9375% due 11/20/2035 (b)		320,418		192,587
Bank of America Commercial Mortgage, Inc.,
Series 2001-3, Class A1
4.89% due 04/11/2037		92,571		91,681
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-1, Class 4A1
5.3489% due 03/25/2035 (b)		455,631		391,488
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-10, Class A3
4.65% due 10/25/2035		875,000		659,758
Bear Stearns Alt-A Trust, Series 2005-9, Class 26A1
5.7965% due 11/25/2035 (b)		337,588		215,080
Bear Stearns Asset Backed Securities, Inc., Series
2005-AC3, Class 2A1
5.25% due 06/25/2020		194,226		166,382
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class C
7.928% due 07/15/2032		250,000		256,679
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2006-CD3, Class A5
5.617% due 10/15/2048		75,000		66,609
Commercial Mortgage Pass Through Certificates,
Series 2003-LB1A, Class A2
4.084% due 06/10/2038		750,000		680,701
Countrywide Alternative Loan Trust,
Series 2005-54CB, Class 1A7
5.50% due 11/25/2035		288,988		283,877
Countrywide Alternative Loan Trust,
Series 2005-64CB, Class 1A7
5.50% due 12/25/2035		244,339		233,908
Countrywide Alternative Loan Trust,
Series 2007-2CB, Class 1A9
5.75% due 03/25/2037		485,940		345,929
Countrywide Alternative Loan Trust,
Series 2007-HY4, Class 3A1
5.8726% due 06/25/2047 (b)		304,484		182,484
Countrywide Alternative Loan Trust,
Series 2007-HY4, Class 4A1
5.9395% due 06/25/2047 (b)		387,146		231,413
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2006-HYB5, Class 3A1B
5.93% due 09/20/2036 (b)		87,291		62,124

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

161

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Countrywide Home Loans,
Series 2005-12, Class 2A5
5.50% due 05/25/2035	$	244,777	$	223,826
Crown Castle Towers LLC,
Series 2005-1A, Class AFL
2.8675% due 06/15/2035 (b)(g)		230,000		218,500
Crown Castle Towers LLC,
Series 2005-1A, Class AFX
4.643% due 06/15/2035 (g)		625,000		619,188
Crown Castle Towers LLC, Series 2005-1A, Class B
4.878% due 06/15/2035 (g)		825,000		790,829
Crown Castle Towers LLC, Series 2005-1A, Class D
5.612% due 06/15/2035 (g)		290,000		272,513
Crown Castle Towers LLC, Series 2006-1A, Class E
6.0652% due 11/15/2036 (g)		660,000		577,342
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		462,672		452,424
CS First Boston Mortgage Securities Corp.,
Series 2001-CP4, Class A4
6.18% due 12/15/2035		750,000		746,705
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		500,000		494,630
CS First Boston Mortgage Securities Corp.,
Series 2004-C1, Class E
5.015% due 01/15/2037 (g)		425,000		301,412
CS First Boston Mortgage Securities Corp.,
Series 2004-C5, Class A3
4.499% due 11/15/2037		120,000		113,621
CS First Boston Mortgage Securities Corp.,
Series 2005-5, Class 4A1
6.25% due 07/25/2035		262,295		224,344
CS First Boston Mortgage Securities Corp.,
Series 2005-7, Class 3A1
5.00% due 08/25/2020		58,349		52,095
CSAB Mortgage Backed Trust,
Series 2006-2, Class A6A
5.72% due 09/25/2036		825,000		538,116
Federal Home Loan Mortgage Corp., REMICS,
Series 2006-3233, Class PA
6.00% due 10/15/2036		314,175		319,319
Federal Home Loan Mortgage Corp., REMICS,
Series 2007-3312, Class PA
5.50% due 05/15/2037		115,698		115,963
Federal Home Loan Mortgage Corp.,
Series T-41, Class 3A
7.50% due 07/25/2032		105,859		114,896
Federal National Mortgage Association,
Series 2002-W3, Class A5
7.50% due 01/25/2028		184,786		196,560
First Horizon Alternative Mortgage Securities,
Series 2005-FA8, Class 1A14
5.50% due 11/25/2035		452,494		421,953
First Union National Bank Commercial Mortgage
Trust, Series 2002-C1, Class A1
5.585% due 02/12/2034		207,653		206,554
GE Capital Commercial Mortgage Corp.,
Series 2001-1, Class A1
6.079% due 05/15/2033		18,490		18,441

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
GE Capital Commercial Mortgage Corp.,
Series 2001-3, Class A2
6.07% due 06/10/2038	$	500,000	$	494,804
GE Capital Commercial Mortgage Corp.,
Series 2002-2A, Class A3
5.349% due 08/11/2036		360,000		349,314
Global Signal Trust, Series 2006-1, Class A2
5.45% due 02/15/2036 (g)		375,000		377,944
Global Signal Trust, Series 2006-1, Class C
5.707% due 02/15/2036 (g)		300,000		278,859
GMAC Commercial Mortgage Securities, Inc.,
Series 2001-C2, Class A1
6.25% due 04/15/2034		91,806		91,567
Greenwich Capital Commercial Funding Corp.,
Series 2002-C1, Class A2
4.112% due 01/11/2017		137,199		131,616
GSR Mortgage Loan Trust,
Series 2004-15F, Class 5A1
5.50% due 01/25/2020		388,986		381,420
Hilton Hotels Pool Trust, Series 2000-HLTA, Class B
2.9856% due 10/03/2015 (b)(g)		170,000		168,331
Indymac IMSC Mortgage Loan
Trust, Series 2007-F3, Class 2A1
6.50% due 09/25/2037		423,788		265,000
Indymac Index Mortgage Loan
Trust, Series 2006-AR5, Class 2A1
5.8075% due 05/25/2036 (b)		106,521		71,567
JP Morgan Alternative Loan Trust,
Series 2006-S3, Class A6
6.12% due 08/25/2036		875,000		729,621
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP4, Class A2
4.79% due 10/15/2042		387,689		378,451
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2002-C1, Class A3
5.376% due 07/12/2037		1,165,000		1,121,491
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP7, Class A4
6.0654% due 04/15/2045 (b)		125,000		113,030
LB-UBS Commercial Mortgage Trust,
Series 2002-C1,Class A4
6.462% due 03/15/2031		500,000		502,265
Lehman Mortgage Trust, Series 2007-7, Class 6A4
7.00% due 08/25/2037		110,427		60,286
Lehman Mortgage Trust, Series 2007-8, Class 3A1
7.25% due 08/25/2037		533,902		337,653
MASTR Alternative Loans Trust,
Series 2004-5, Class 5A1
4.75% due 06/25/2019		576,679		542,593
Residential Accredit Loans, Inc.,
Series 2007-QS11, Class A1
7.00% due 10/25/2037		469,962		336,464
Residential Accredit Loans, Inc.,
Series 2007-QS9, Class A33
6.50% due 07/25/2037		111,091		66,134
Residential Asset Securitization Trust,
Series 2004-A6, Class A1
5.00% due 08/25/2019		1,246,188		1,174,922

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

162

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033	$	286,301	$	287,678
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A3
6.428% due 12/18/2035		704,110		705,428
Salomon Brothers Mortgage Securities VII,
Series 2001-C2, Class H
7.687% due 11/13/2011 (b)		350,000		305,479
SBA CMBS Trust, Series 2005-1A, Class A
5.369% due 11/15/2035 (g)		280,000		273,112
SBA CMBS Trust, Series 2005-1A, Class B
5.565% due 11/15/2035 (g)		250,000		240,050
Structured Adjustable Rate Mortgage Loan Trust,
Series 2006-2, Class 5A1
6.00% due 03/25/2036		691,380		458,006
Structured Adjustable Rate Mortgage Loan Trust,
Series 2006-4, Class 5A1
5.9074% due 05/25/2036 (b)		1,085,028		795,094
Structured Asset Securities Corp.,
Series 1998-RF2, Class A
8.4914% due 07/15/2027 (b)(g)		127,572		127,300
Washington Mutual Mortgage Pass-Through
Certificates, Series 2007-HY5, Class 3A1
5.8251% due 06/25/2037 (b)		1,482,635		1,339,878
Washington Mutual Mortgage Pass-Through,
Series 2005-1, Class 6A1
6.50% due 03/25/2035		385,211		317,920
Washington Mutual, Inc., Series 2003-S6, Class 2A3
4.75% due 07/25/2018		341,012		328,425
Wells Fargo Mortgage Backed Securities Trust,
Series 2003-16, Class 2A1
4.50% due 12/25/2018		192,605		178,039
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR10, Class 2A6
4.1094% due 06/25/2035 (b)		675,000		565,985
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-1, Class A3
5.00% due 03/25/2021		591,385		545,738
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR15, Class A1
5.6523% due 10/25/2036 (b)		1,562,230		1,288,064
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $31,585,668)			$	27,239,177
ASSET BACKED SECURITIES - 3.14%
Advanta Business Card Master Trust,
Series 2005-A3, Class A3
4.70% due 10/20/2011		375,000		374,513
AmeriCredit Automobile Receivables
Trust, Series 2007-DF, Class A4A
5.56% due 07/06/2014		125,000		112,944
Bear Stearns Asset Backed Securities, Inc.,
Series 2005-CL1, Class A1
3.7069% due 08/25/2035 (b)		150,268		121,131
Carmax Auto Owner Trust, Series 2007-2, Class A3
5.23% due 12/15/2011		125,000		125,211
Countryplace Manufactured Housing Contract
Trust, Series 2005-1, Class A3
4.80% due 12/15/2035 (g)		250,000		217,924

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Countrywide Asset-Backed
Certificates, Series 2006-S2, Class A5
5.753% due 07/15/2027	$	825,000	$	374,592
Countrywide Asset-Backed
Certificates, Series 2006-S6, Class A6
5.657% due 03/25/2034		350,000		186,585
CPS Auto Trust, Series 2005-C, Class A2
4.79% due 03/15/2012 (g)		387,119		369,248
CPS Auto Trust, Series 2006-A, Class 1A4
5.33% due 11/15/2012 (g)		700,000		658,691
CPS Auto Trust, Series 2006-C, Class A4
5.14% due 06/17/2013 (g)		824,998		734,821
CPS Auto Trust, Series 2007-A, Class A4
5.05% due 11/15/2013 (g)		649,999		554,620
CPS Auto Trust, Series 2007-TFC, Class A2
5.25% due 12/15/2013 (g)		273,516		249,610
Discover Card Master Trust, Series 2008-A3, Class
A3
5.10% due 10/15/2013		100,000		97,672
Drive Auto Receivables Trust,
Series 2006-2, Class A3
5.33% due 04/15/2014 (g)		450,000		423,314
First Investors Auto Owner Trust,
Series 2005-A, Class A2
4.23% due 07/16/2012 (g)		117,790		111,076
GMAC Mortgage Corp. Loan Trust,
Series 2007-HE2, Class A3
6.193% due 07/25/2037		350,000		166,537
GSAA Trust, Series 2006-7, Class AF5A
6.2052% due 01/25/2035		125,000		92,723
Hertz Vehicle Financing LLC,
Series 2005-2A, Class A6
5.08% due 11/25/2011 (g)		330,000		300,184
Irwin Home Equity Corp., Series 2006-P1, Class 2A4
5.80% due 06/25/2037 (g)		525,000		360,970
New Century Home Equity Loan Trust,
Series 2004-A, Class AII5
5.25% due 07/25/2034		510,000		440,278
New Century Home Equity Loan Trust,
Series 2006-2, Class A2B
3.3669% due 08/25/2036 (b)		75,000		59,820
PG&E Energy Recovery Funding LLC,
Series 2005-1, Class A3
4.14% due 09/25/2012		420,000		418,406
PG&E Energy Recovery Funding LLC,
Series 2005-2, Class A2
5.03% due 03/25/2014		1,000,000		1,001,460
PG&E Energy Recovery Funding LLC,
Series 2005-2, Class A3
5.12% due 12/25/2014		500,000		487,977
Rental Car Finance Corp., Series 2005-1A, Class A2
4.59% due 06/25/2011 (g)		500,000		450,313
Residential Accredit Loans, Inc.,
Series 2004-QS16, Class 1A1
5.50% due 12/25/2034		94,332		79,917
Residential Asset Mortgage Products, Inc.,
Series 2004-RS9, Class AI4
4.767% due 10/25/2032		366,580		321,972

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

163

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PORTFOLIO OF INVESTMENTS - September 30, 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-HSA2, Class A1F
8.47% due 01/25/2022	$	42,365	$	40,578
Residential Funding Mortgage Securities II Inc,
Series 2007-HSA3, Class AI3
6.03% due 05/25/2037		350,000		180,357
Triad Auto Receivables Owner Trust,
Series 2005-A, Class A4
4.22% due 06/12/2012		241,469		230,635
UPFC Auto Receivables Trust,
Series 2005-A, Class A3
4.34% due 12/15/2010		78,455		76,926
UPFC Auto Receivables Trust,
Series 2005-B, Class A3
4.98% due 08/15/2011		161,885		160,263
Vanderbilt Acquisition Loan Trust,
Series 2002-1, Class A3
5.70% due 09/07/2023		22,302		22,088
Washington Mutual Master Note
Trust, Series 2006-A2A, Class A
2.5375% due 06/15/2015 (b)(g)		170,000		146,225
Washington Mutual Master Note
Trust, Series 2007-A4A, Class A4
5.20% due 10/15/2014 (g)		125,000		100,000
West Penn Funding LLC Transition Bonds,
Series 2005-A, Class A1
4.46% due 12/27/2010 (g)		813,200		713,215
Spirit Master Funding LLC, Series 2005-1, Class A1
5.05% due 07/20/2023 (g)		341,895		253,612
TOTAL ASSET BACKED SECURITIES
(Cost $12,701,270)			$	10,816,408
SUPRANATIONAL OBLIGATIONS - 0.20%
Government - 0.20%
African Development Bank
6.875% due 10/15/2015		615,000		700,031
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $680,307)			$	700,031
SHORT TERM INVESTMENTS - 0.37%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	1,286,842	$	1,286,842
TOTAL SHORT TERM INVESTMENTS
(Cost $1,286,842)			$	1,286,842

Income & Value Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 1.14%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$3,931,136 on 10/01/2008,
collateralized by $3,985,000
Federal Home Loan Bank, 2.275%
due 04/24/2009 (valued at
$4,009,906, including interest)	$	3,931,000	$	3,931,000
TOTAL REPURCHASE AGREEMENTS
(Cost $3,931,000)			$	3,931,000
Total Investments (Income & Value Trust)
(Cost $380,774,082) - 99.82%			$	344,222,407
Other Assets in Excess of Liabilities - 0.18%				620,118
TOTAL NET ASSETS - 100.00%			$	344,842,525
Index Allocation Trust
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 100.01%
JOHN HANCOCK TRUST
Total Bond Market A (Declaration) (j)(k)		8,597,796 $	$	111,599,389
International Equity Index A (SSgA) (j)		3,435,826		54,389,129
500 Index (MFC Global U.S.A.) (j)(k)		12,981,423		129,944,049
Mid Cap Index (MFC Global U.S.A.) (j)(k)		2,530,057		36,660,523
Small Cap Index (MFC Global U.S.A.) (j)(k)		2,925,914		36,807,999
TOTAL INVESTMENT COMPANIES (Cost $426,645,314)			$	369,401,089
Total Investments (Index Allocation Trust)
(Cost $426,645,314) - 100.01%			$	369,401,089
Liabilities in Excess of Other Assets - (0.01)%				(30,203)
TOTAL NET ASSETS - 100.00%			$	369,370,886
International Core Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.21%
Australia - 3.28%
Australia and New Zealand
Banking Group, Ltd.		168,728	$	2,606,716
BHP Billiton, Ltd.		62,169		1,608,350
Bluescope Steel, Ltd.		187,502		1,105,062
CSL, Ltd.		77,786		2,356,518
Fortescue Metals Group, Ltd. *		206,089		784,099
Foster's Group, Ltd.		211,705		945,853
Incitec Pivot, Ltd. *		266,440		1,067,510
Leighton Holdings, Ltd.		24,207		745,076
Macquarie Infrastructure Group		464,292		880,382
Mirvac Group, Ltd.		491,086		1,000,991
Origin Energy, Ltd.		81,266		1,051,141
Rio Tinto, Ltd.		8,458		569,918
Stockland Company, Ltd.		629,863		2,827,633
Suncorp-Metway, Ltd.		257,135		1,954,433

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

164

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
TABCORP Holdings, Ltd.	184,870	$	1,214,536
Telstra Corp., Ltd.	900,341		3,020,606
Westpac Banking Corp., Ltd.	58,899		1,043,960
Woodside Petroleum, Ltd.	133,460		5,385,229
Woolworths, Ltd.	74,271		1,636,041
			31,804,054
Austria - 0.15%
OMV AG	35,459		1,494,601
Belgium - 0.79%
Belgacom SA	22,685		854,689
Colruyt SA	6,780		1,701,797
Dexia SA	199,824		2,182,760
Fortis Group SA	278,683		1,721,697
Solvay SA	9,545		1,171,646
			7,632,589
Canada - 3.71%
Agrium, Inc.	28,900		1,615,739
Bank of Montreal	93,000		4,015,363
Bank of Nova Scotia	33,700		1,519,944
BCE, Inc.	20,324		700,861
Canadian Imperial Bank of Commerce	12,400		711,667
Canadian National Railway Company	15,400		734,801
Canadian Natural Resources, Ltd.	26,563		1,822,033
Canadian Pacific Railway, Ltd.	30,000		1,608,739
EnCana Corp.	14,703		938,892
Fording Canadian Coal Trust	21,800		1,787,631
IGM Financial, Inc.	16,100		581,067
Magna International, Inc.	25,600		1,315,300
National Bank of Canada	79,435		3,631,208
Penn West Energy Trust	30,400		722,973
Petro-Canada	26,700		888,118
Potash Corp. of Saskatchewan, Inc.	68,100		8,828,524
Research In Motion, Ltd. *	32,800		2,210,090
Sun Life Financial, Inc.	65,600		2,292,995
			35,925,945
Denmark - 0.82%
H. Lundbeck AS	24,545		466,655
Novo Nordisk AS	83,675		4,337,900
Vestas Wind Systems AS *	35,450		3,094,248
			7,898,803
Finland - 1.94%
Fortum Corp. Oyj	68,850		2,310,555
Kone Corp. Oyj	27,620		751,686
Neste Oil Oyj	70,797		1,476,486
Nokia AB Oyj	434,584		8,105,614
Nokian Renkaat Oyj	11,881		285,892
Outokumpu Oyj	65,623		1,045,517
Rautaruukki Oyj	22,896		457,579
Sampo Oyj, A Shares	173,682		3,951,581
TietoEnator Oyj	27,272		401,433
			18,786,343
France - 12.44%
Air France-KLM	33,308		762,603
Air Liquide	24,846		2,730,186

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Alstom	34,752	$	2,638,003
BNP Paribas SA	123,298		11,769,720
Cap Gemini SA	23,792		1,123,954
Casino Guich-Perrachon SA	34,256		3,056,642
Compagnie de Saint-Gobain SA	15,490		801,274
Dassault Systemes SA	17,709		948,890
Eramet	1,227		470,065
Essilor International SA	40,270		2,011,298
France Telecom SA	180,228		5,055,325
GDF Suez	160,133		8,331,128
Hermes International SA	25,519		4,151,814
L'Oreal SA	18,372		1,802,726
PSA Peugeot Citroen SA	30,323		1,141,242
Renault Regie Nationale SA	33,770		2,152,139
Sanofi-Aventis SA	438,176		28,808,099
Societe Generale	66,975		6,016,343
Technip SA	15,498		870,851
Total SA	535,321		32,520,701
UbiSoft Entertainment SA *	8,309		578,018
Unibail-Rodamco, REIT	3,634		735,268
Vallourec SA	9,375		2,022,917
			120,499,206
Germany - 5.84%
Adidas-Salomon AG	46,094		2,462,330
Aixtron AG	61,962		363,984
Altana AG	60,573		897,513
BASF SE	28,783		1,372,272
Bayer AG	11,242		823,332
Bayerische Motoren Werke (BMW) AG	67,884		2,631,235
Beiersdorf AG	16,396		1,036,333
Bilfinger Berger AG	13,021		678,213
Demag Cranes AG	11,262		445,776
Deutsche Boerse AG	25,685		2,350,445
Deutsche Post AG	28,796		600,814
E.ON AG	154,941		7,799,246
Epcos AG	19,938		504,036
Fresenius Medical Care AG & Company	15,892		822,672
Gildemeister AG	20,916		353,238
Hannover Rueckversicherung AG	34,679		1,269,187
Heidelberger Druckmaschinen AG	51,011		803,562
K&S AG	45,676		3,166,998
Kloeckner & Company SE	30,603		702,497
Linde AG	17,800		1,900,785
Merck KGAA	6,855		731,039
Norddeutsche Affinerie AG	45,808		1,936,107
Puma AG	2,527		687,758
Q-Cells AG *	21,475		1,800,748
RWE AG	16,476		1,570,766
Salzgitter AG	26,024		2,631,691
SAP AG	133,616		7,116,244
SGL Carbon AG *	36,530		1,419,977
Suedzucker AG	58,556		851,944
Thyssen Krupp AG	26,344		790,950
Volkswagen AG	14,150		5,544,626
Wacker Chemie AG	3,809		543,804
			56,610,122

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

165

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Greece - 0.22%
Coca-Cola Hellenic Bottling Company SA	22,224	$	485,063
National Bank of Greece SA	12,545		508,381
OPAP SA	38,657		1,186,541
			2,179,985
Hong Kong - 2.19%
CLP Holdings, Ltd. (a)	919,096		7,414,112
Esprit Holdings, Ltd.	194,200		1,203,762
Hang Seng Bank, Ltd.	141,100		2,667,370
Hong Kong & China Gas Company, Ltd.	693,000		1,581,920
Hong Kong Electric Holdings, Ltd. (a)	769,146		4,830,982
Hutchison Whampoa, Ltd.	85,000		652,846
Noble Group, Ltd.	756,766		720,171
Sun Hung Kai Properties, Ltd.	118,000		1,215,964
Yue Yuen Industrial Holdings, Ltd.	328,282		896,758
			21,183,885
Ireland - 0.31%
CRH PLC	100,777		2,132,662
Kerry Group PLC, Class A - London Exchange	30,091		881,542
			3,014,204
Italy - 3.15%
Banco Popolare Societa Cooperativa	43,385		673,962
Eni SpA	869,577		23,049,062
Italcementi SpA, RNC	44,357		418,055
Luxottica Group SpA	40,544		932,852
Mediaset SpA	240,812		1,529,381
Snam Rete Gas SpA	173,823		1,050,473
Telecom Italia SpA - RSP	1,000,839		1,134,498
Telecom Italia SpA	484,722		721,400
Terna Rete Elettrica Nationale SpA	270,231		993,500
			30,503,183
Japan - 23.26%
Acom Company, Ltd.	35,020		1,196,850
Aisin Seiki Company	27,200		666,131
Alps Electric Company, Ltd.	134,554		1,053,281
Asahi Breweries, Ltd.	105,700		1,852,554
Asahi Kasei Corp.	103,000		433,363
Astellas Pharmaceuticals, Inc.	89,326		3,753,409
Canon, Inc.	118,100		4,477,273
Capcom Company, Ltd.	24,200		693,233
Cosmo Oil Company, Ltd.	350,000		830,191
CyberAgent, Inc.	864		817,173
Dai Nippon Printing Company, Ltd.	48,000		647,443
Daiichi Sankyo Company, Ltd.	181,069		4,665,503
Daikin Industries, Ltd.	29,300		988,231
Dena Company, Ltd.	210		846,111
Denso Corp.	37,300		914,888
Eisai Company, Ltd.	73,120		2,855,333
FamilyMart Company, Ltd.	31,400		1,328,647
Fanuc, Ltd.	37,800		2,843,762
Fast Retailing Company, Ltd.	38,300		3,905,581
Fuji Heavy Industries, Ltd.	281,884		1,427,846
Fujikura, Ltd.	113,000		438,957
Fujitsu, Ltd.	120,000		674,636
GS Yuasa Corp. (a)	192,000		683,007

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Hanwa Company, Ltd.	187,000	$	651,190
Haseko Corp.	886,000		636,303
Hirose Electric Company, Ltd.	11,300		1,076,989
Hitachi, Ltd.	396,000		2,673,386
Hokkaido Electric Power Company, Inc.	82,201		1,716,380
Honda Motor Company, Ltd.	514,488		15,605,839
Hosiden Corp.	29,500		424,907
Hoya Corp.	91,500		1,815,156
Inpex Holdings, Inc.	281		2,388,057
Itochu Corp.	173,953		1,047,921
Japan Real Estate Investment Corp., REIT	81		653,618
JFE Holdings, Inc.	66,600		2,065,675
JGC Corp.	47,000		754,038
Kao Corp.	182,950		4,906,264
Kawasaki Kisen Kaisha, Ltd.	279,000		1,726,078
Kenedix, Inc.	1,057		621,329
Keyence Corp.	13,200		2,633,176
Kirin Brewery Company, Ltd.	69,000		906,593
Konami Corp.	52,577		1,322,973
Konica Minolta Holdings, Inc.	90,000		1,028,587
Kyocera Corp.	9,700		736,285
Kyushu Electric Power Company, Inc.	62,120		1,294,866
Lawson, Inc.	12,200		562,606
Marubeni Corp.	214,176		970,856
Marui Company, Ltd.	90		672
Matsui Securities Company, Ltd.	72,300		524,110
Matsushita Electric Industrial Company, Ltd.	306,000		5,275,290
Mazda Motor Corp.	487,512		1,985,400
Mitsubishi Corp.	221,705		4,624,799
Mitsubishi Heavy Industries, Ltd.	235,000		1,020,719
Mitsui Mining & Smelting Company, Ltd.	446,000		1,040,998
Mitsui O.S.K. Lines, Ltd.	141,000		1,225,058
Murata Manufacturing Company, Ltd.	38,900		1,570,418
NEC Corp.	115,000		491,524
Nidec Corp.	20,600		1,267,286
Nikon Corp.	57,000		1,367,374
Nintendo Company, Ltd.	16,700		7,083,701
Nippon Denko Company, Ltd.	121,000		757,992
Nippon Electric Glass Company, Ltd.	52,000		471,039
Nippon Meat Packers, Inc.	34,000		515,581
Nippon Mining Holdings, Inc.	558,000		2,247,638
Nippon Oil Corp.	623,000		3,137,232
Nippon Telegraph & Telephone Corp.	1,486		6,632,678
Nippon Yakin Kogyo Company, Ltd.	118,500		437,229
Nippon Yusen Kabushiki Kaisha	454,000		2,959,448
Nissan Motor Company, Ltd.	981,200		6,634,660
Nissha Printing Company, Ltd.	12,800		618,079
Nisshinbo Industries, Inc.	82,000		799,680
Nitto Denko Corp.	33,400		849,716
Nomura Research Institute, Ltd.	40,600		835,601
NTT DoCoMo, Inc.	4,931		7,893,033
Ono Pharmaceutical Company, Ltd.	15,000		692,987
ORIX Corp.	5,640		706,173
Osaka Gas Company, Ltd.	1,453,880		5,006,146
Pacific Metals Company, Ltd.	76,000		551,037
Resona Holdings, Inc.	1,699		2,292,006

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

166

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Ricoh Company, Ltd.	125,000	$	1,757,619
Rohm Company, Ltd.	21,200		1,166,076
Ryohin Keikaku Company, Ltd.	16,100		792,411
SANKYO Company, Ltd.	37,300		1,893,332
SBI Holdings, Inc.	4,273		639,675
Secom Company, Ltd.	27,300		1,137,253
Sega Sammy Holdings, Inc.	217,200		1,964,717
Seiko Epson Corp.	19,600		455,809
Seven & I Holdings Company, Ltd.	352,700		10,133,034
Sharp Corp.	43,000		469,863
Shin-Etsu Chemical Company, Ltd.	130,500		6,205,364
Shionogi & Company, Ltd.	30,000		607,632
Shiseido Company, Ltd.	62,000		1,388,392
Showa Shell Sekiyu K.K.	178,600		1,739,502
Sojitz Holdings Corp.	877,900		2,034,723
Sumco Corp.	96,900		1,533,717
Sumitomo Electric Industries, Ltd.	81,800		890,324
Sumitomo Metal Industries, Ltd.	648,000		2,008,897
T&D Holdings, Inc.	9,800		517,651
Taisho Pharmaceuticals Company, Ltd.	34,210		678,526
Takeda Pharmaceutical Company, Ltd.	220,411		11,097,823
Takefuji Corp. (a)	76,880		1,000,451
TDK Corp.	20,200		1,011,732
Terumo Corp.	58,700		3,062,049
The Japan Steel Works, Ltd.	40,000		497,320
Tokio Marine Holdings, Inc.	24,700		906,831
Tokyo Gas Company, Ltd.	398,603		1,663,157
Tokyo Steel Manufacturing Company, Ltd.	112,900		1,247,461
TonenGeneral Sekiyu K.K.	117,867		968,075
Tosoh Corp.	142,000		419,020
Toyo Engineering Corp.	135,000		574,178
Toyota Motor Corp.	44,600		1,906,760
Trend Micro, Inc.	21,500		814,898
UNY Company, Ltd.	139,000		1,414,479
Yahoo Japan Corp.	6,330		2,072,233
Yamada Denki Company, Ltd.	12,630		957,340
			225,356,103
Luxembourg - 0.75%
ArcelorMittal	142,538		7,220,548
Netherlands - 2.66%
Aegon NV	570,400		5,046,506
DSM NV	47,982		2,269,531
Heineken NV	85,393		3,430,862
ING Groep NV	531,643		11,397,244
Reed Elsevier NV	103,739		1,538,967
Royal Dutch Shell PLC, A Shares	36,118		1,064,116
TNT Post Group NV	36,943		1,023,570
			25,770,796
New Zealand - 0.07%
Telecom Corp. of New Zealand, Ltd.	368,566		681,801
Norway - 0.55%
Den Norske Bank ASA	78,100		605,884
Statoil ASA	145,882		3,466,643

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Norway (continued)
Yara International ASA	35,340	$	1,257,746
			5,330,273
Singapore - 1.97%
Cosco Corp. Singapore, Ltd.	454,400		487,685
DBS Group Holdings, Ltd.	55,000		655,448
Neptune Orient Lines, Ltd.	483,512		616,640
Oversea-Chinese Banking Corp., Ltd.	212,000		1,070,388
SembCorp Industries, Ltd.	429,198		983,256
SembCorp Marine, Ltd.	1,062,426		2,258,679
Singapore Exchange, Ltd.	319,000		1,389,619
Singapore Press Holdings, Ltd.	854,000		2,382,636
Singapore Telecommunications, Ltd.	2,961,210		6,768,534
United Overseas Bank, Ltd.	143,000		1,709,540
Wilmar International, Ltd.	457,000		810,443
			19,132,868
Spain - 1.48%
Gas Natural SDG SA	30,352		1,126,632
Iberdrola SA	128,633		1,306,778
Industria de Diseno Textil SA	48,275		2,042,694
Repsol YPF SA	195,076		5,781,253
Telefonica SA	169,915		4,040,164
			14,297,521
Sweden - 1.09%
Boliden AB	72,400		304,476
Hennes & Mauritz AB, B shares	94,125		3,854,023
Investor AB, B shares	175,600		3,288,271
SKF AB, B Shares	93,600		1,195,776
Svenska Handelsbanken AB, Series A	54,400		1,218,354
Swedbank AB, A shares	51,700		675,900
			10,536,800
Switzerland - 7.27%
ABB, Ltd. *	136,418		2,643,565
Ciba Holding AG	48,212		2,063,534
Compagnie Financiere
Richemont AG, Series A	41,946		1,853,318
Lonza Group AG	7,630		957,345
Nestle SA	318,709		13,773,807
Novartis AG	591,637		31,149,411
Roche Holdings AG - Genusschein	37,489		5,868,596
Swatch Group AG, BR shares	7,685		1,418,534
Syngenta AG	20,681		4,361,290
Synthes AG	20,892		2,890,245
UBS AG *	200,662		3,429,801
			70,409,446
United Kingdom - 20.17%
3i Group PLC	297,977		3,772,909
Alliance & Leicester PLC	74,656		363,981
AMEC PLC	135,510		1,554,353
Anglo American PLC	16,920		571,552
Associated British Foods PLC	53,633		680,593
AstraZeneca Group PLC	414,906		18,156,072
BAE Systems PLC	151,797		1,119,037
Barclays PLC	1,143,113		6,791,737
BG Group PLC	914,656		16,588,249

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

167

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
BHP Billiton PLC	27,573	$	624,644
British American Tobacco PLC	137,756		4,497,358
British Energy Group PLC	112,179		1,524,373
Cadbury PLC	158,090		1,598,909
Capita Group PLC	161,058		2,004,472
Cobham PLC	233,132		792,483
Compass Group PLC	345,563		2,143,184
Diageo PLC	235,051		4,009,845
Dixons Group PLC	1,412,047		1,229,121
Drax Group PLC	115,105		1,549,836
FirstGroup PLC	68,233		651,405
Game Group PLC	191,316		704,383
GlaxoSmithKline PLC	2,181,410		47,255,217
HBOS PLC	1,265,852		2,871,936
Home Retail Group	531,652		2,240,531
HSBC Holdings PLC	30,064		486,383
Imperial Tobacco Group PLC	54,279		1,742,396
Kingfisher PLC	366,101		872,766
Ladbrokes PLC	256,204		865,193
London Stock Exchange Group PLC	53,325		844,380
Next Group PLC	76,554		1,411,521
Old Mutual PLC	680,307		952,239
Reckitt Benckiser PLC	55,968		2,713,602
Reed Elsevier PLC	127,486		1,269,472
Rio Tinto PLC	156,920		9,848,189
Royal Bank of Scotland Group PLC	3,443,060		11,107,019
Royal Dutch Shell PLC, A Shares	341,576		9,864,860
Royal Dutch Shell PLC, B Shares	47,421		1,332,190
Scottish & Southern Energy PLC	87,986		2,238,873
Smith & Nephew PLC	187,243		1,977,555
Taylor Woodrow PLC	768,284		497,745
Tesco PLC	233,977		1,627,306
The Sage Group PLC	305,081		1,068,589
Travis Perkins PLC	39,409		377,601
Tullow Oil PLC	104,775		1,339,581
United Utilities Group PLC	106,592		1,322,803
Vedanta Resources PLC	24,136		505,899
Vodafone Group PLC	6,339,120		13,999,502
William Hill PLC	192,765		812,843
Wolseley PLC	228,321		1,725,780
Xstrata PLC	40,907		1,274,850
			195,375,317
United States - 0.10%
Signet Jewelers, Ltd.	39,472		922,860
TOTAL COMMON STOCKS (Cost $1,118,427,497)		$	912,567,253
PREFERRED STOCKS - 0.22%
Germany - 0.22%
Volkswagen AG (i)	17,184		2,139,318
TOTAL PREFERRED STOCKS (Cost $715,332)		$	2,139,318

International Core Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 0.74%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	7,226,171	$	7,226,171
TOTAL SHORT TERM INVESTMENTS
(Cost $7,226,171)			$	7,226,171
REPURCHASE AGREEMENTS - 3.42%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$33,096,149 on 10/01/2008,
collateralized by $33,550,000
Federal Home Loan Bank, 2.275%
due 04/24/2009 (valued at
$33,759,688, including interest)	$	33,095,00	$	33,095,000
TOTAL REPURCHASE AGREEMENTS
(Cost $33,095,000)			$	33,095,000
Total Investments (International Core Trust)
(Cost $1,159,464,000) - 98.59%			$	955,027,742
Other Assets in Excess of Liabilities - 1.41%				13,620,388
TOTAL NET ASSETS - 100.00%			$	968,648,130
The portfolio had the following five top industry concentrations
as of September 30, 2008 (as a percentage of total net assets):

Pharmaceuticals	11.19%
International Oil	8.12%
Banking	6.75%
Drugs & Health Care	6.31%
Telecommunications Equipment & Services	5.34%

International Equity Index Trust A
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 94.70%
Argentina - 0.02%
Petrobras Energia Participaciones SA, ADR,
B Shares	2,575	$	25,338
Telecom Argentina SA, ADR, B Shares *	2,234		27,367
Transportadora de Gas del Sur SA, ADR	410		1,201
			53,906
Australia - 4.70%
AGL Energy, Ltd. (a)	8,474		93,456
Alumina, Ltd.	33,682		84,924
Amcor, Ltd.	19,309		84,910
AMP, Ltd.	38,741		220,289
Aristocrat Leisure, Ltd.	6,712		35,169
Asciano Group	11,487		30,031
Australia and New Zealand
Banking Group, Ltd.	39,090		603,910
Australian Stock Exchange, Ltd.	3,546		87,412
Axa Asia Pacific Holdings, Ltd.	18,030		74,188
Babcock & Brown, Ltd.	4,585		7,502
Bendigo Bank, Ltd.	5,565		53,124
BHP Billiton, Ltd.	69,942		1,809,442

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

168

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Billabong International, Ltd.	2,888	$	32,248
Bluescope Steel, Ltd.	15,281		90,060
Boart Longyear Group	24,450		22,054
Boral, Ltd.	11,972		59,446
Brambles, Ltd.	29,743		185,586
Caltex Australia, Ltd.	2,411		23,848
Centro Properties Group, Ltd. *	16,982		1,212
Centro Retail Group	26,756		2,509
CFS Gandel Retail Trust	27,774		50,394
Coca-Cola Amatil, Ltd.	11,234		75,007
Cochlear, Ltd.	1,057		50,650
Commonwealth Bank of Australia, Ltd.	27,808		980,055
Computershare, Ltd.	10,486		79,271
Crown, Ltd.	9,455		65,668
CSL, Ltd.	12,724		385,472
CSR, Ltd.	17,410		34,884
Dexus Property Group, REIT	59,996		70,573
Fortescue Metals Group, Ltd. *	26,510		100,862
Foster's Group, Ltd.	40,286		179,989
General Property Trust, Ltd.	47,177		68,962
Goodman Fielder, Ltd.	33,499		38,001
Harvey Norman Holding, Ltd.	9,728		24,503
Incitec Pivot, Ltd. *	27,000		108,177
James Hardie Industries, Ltd.	10,195		41,542
John Fairfax Holdings, Ltd.	24,503		52,502
Leighton Holdings, Ltd.	2,844		87,536
Lend Lease Corp.	7,570		55,838
Lion Nathan, Ltd.	6,140		45,969
Macquarie Airports, Ltd.	15,717		34,554
Macquarie Goodman Group, Ltd.	30,673		61,896
Macquarie Group, Ltd.	5,996		184,625
Macquarie Infrastructure Group	60,324		114,385
Macquarie Office Trust	40,263		25,725
Metcash, Ltd.	15,370		49,201
Mirvac Group, Ltd.	23,102		47,089
National Australia Bank, Ltd.	34,701		700,351
Newcrest Mining, Ltd.	9,189		190,928
NRMA Insurance Group, Ltd.	39,339		130,577
OneSteel, Ltd.	16,360		60,517
Orica, Ltd.	7,894		133,316
Origin Energy, Ltd.	18,705		241,941
Oxiana, Ltd.	59,904		76,012
Paladin Resources, Ltd. *	10,985		33,950
Perpetual Trust of Australia, Ltd.	768		29,507
Qantas Airways, Ltd.	20,299		51,750
QBE Insurance Group, Ltd.	18,537		399,778
Rio Tinto, Ltd.	5,827		392,636
Santos, Ltd.	13,059		199,821
Sims Group, Ltd.	3,497		84,728
Sonic Healthcare, Ltd.	5,964		63,442
St. George Bank, Ltd.	11,560		272,846
Stockland Company, Ltd.	30,227		135,698
Suncorp-Metway, Ltd.	19,138		145,464
TABCORP Holdings, Ltd.	11,539		75,806
Tattersall's, Ltd.	22,055		42,527
Telstra Corp., Ltd.	115,598		387,826

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Toll Holdings, Ltd.	14,563	$	82,493
Transurban Group, Ltd. *	25,083		114,954
Virgin Blue Holdings, Ltd.	10,956		2,829
Wesfarmers, Ltd., Price Protected Shares	3,304		76,055
Wesfarmers, Ltd.	13,262		308,417
Westfield Group	36,422		498,906
Westpac Banking Corp., Ltd.	39,815		705,704
Woodside Petroleum, Ltd.	10,154		409,723
Woolworths, Ltd.	25,500		561,714
WorleyParsons, Ltd.	3,172		78,458
			13,403,324
Austria - 0.36%
Andritz AG	815		35,180
Erste Bank der Oesterreichischen
Sparkassen AG	4,099		204,067
Immoeast Immobilien Anlagen AG *	8,307		20,983
Immofinanz Immobilien Anlage AG	9,149		32,365
Meinl European Land, Ltd. *	5,977		45,031
Oesterreichische Elektrizitaets AG, Class A	1,764		108,560
OMV AG	3,567		150,349
Raiffeisen International Bank Holding AG	1,180		85,227
Strabag SE	1,031		45,881
Telekom Austria AG	7,697		135,427
Voestalpine AG	2,545		79,527
Wiener Staedtische Allgemeine
Versicherung AG	986		49,223
Wienerberger Baustoffindustrie AG	1,589		43,142
			1,034,962
Belgium - 0.66%
Belgacom SA	3,564		134,279
Colruyt SA	354		88,855
Compagnie Nationale A Portefeuille, ADR	934		61,811
Delhaize Group	2,081		120,873
Dexia SA	11,000		120,158
Fortis Group SA	46,244		285,694
Fortis, Strip VVPR *	16,796		237
GDF Suez *	1,260		18
Groupe Bruxelles Lambert SA	1,704		147,069
Inbev NV	3,853		229,233
KBC Ancora, ADR	762		50,214
KBC Bancassurance Holding NV	3,210		279,243
Mobistar SA *	641		45,116
Solvay SA	1,338		164,239
UCB SA	2,258		80,225
Umicore	2,620		80,911
			1,888,175
Bermuda - 0.05%
Central European Media Enterprises, Ltd. *	544		36,860
SeaDrill, Ltd., GDR	5,693		117,948
			154,808
Brazil - 1.45%
All America Latina Logistica SA	7,900		53,970
Aracruz Celulose SA, SADR	316		11,600
B2W Companhia Global Do Varejo	1,097		26,484
Banco Bradesco SA, ADR	6,493		104,537

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

169

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Banco do Brasil SA	7,400	$	88,470
BM&F BOVESPA SA *	27,061		120,878
Brasil Telecom Participacoes SA, ADR	326		15,928
Brasil Telecom Participacoes SA	1,300		35,525
Braskem SA, SADR (a)	862		9,430
Centrais Eletricas Brasileiras SA, ADR,
B Shares * (a)	778		9,672
Centrais Eletricas Brasileiras SA, ADR *	1,295		18,543
Centrais Eletricas Brasileiras SA *	4,000		59,488
Cia Brasileira de Distribuicao Grupo Pao de
Acucar, ADR *	171		5,978
Cia de Concessoes Rodoviarias, ADR	2,700		35,472
Cia de Saneamento Basico do Estado de Sao
Paulo *	2,892		40,046
Cia Energetica de Minas Gerais, ADR	2,150		42,441
Cia Vale do Rio Doce	24,000		452,783
Companhia Siderurgica Nacional SA, ADR	2,592		55,106
Companhia Siderurgica Nacional SA	5,100		109,215
Companhia Vale Do Rio Doce, ADR *	5,706		109,270
Companhia Vale Do Rio Doce, SADR *	8,423		149,087
Cosan SA Industria e Comercio *	2,380		15,884
CPFL Energia SA	2,300		42,908
Cyrela Brazil Realty SA	5,000		51,238
EDP - Energias do Brasil SA	1,800		22,532
Empresa Brasileira de Aeronautica SA	11,000		75,726
Empresa Brasileira de Aeronautica SA, ADR	397		10,723
Gafisa SA	3,010		38,121
Gerdau SA, SADR	3,418		37,940
Gerdau SA	4,179		39,860
Global Village Telecom Holding SA *	2,132		32,256
IronX Mineracao SA *	2,460		35,810
JBS SA	7,221		17,987
LLX Logistica SA *	2,460		2,327
Localiza Rent A CAR	2,689		14,018
Lojas Renner SA	2,700		33,344
MMX Mineracao e Metalicos SA *	2,460		11,506
MRV Engenharia e Participacoes SA	1,257		13,178
Natura Cosmeticos SA	3,500		34,027
OGX Petroleo e Gas Participacoes SA *	200		40,675
Perdigao SA *	2,828		54,096
Petroleo Brasileiro SA, ADR	5,976		262,645
Petroleo Brasileiro SA, SADR	8,438		315,750
Petroleo Brasileiro SA	37,000		820,926
Redecard SA	6,047		79,063
Souza Cruz SA	1,500		35,858
Tele Norte Leste Participacoes SA, ADR	1,336		23,327
Tele Norte Leste Participacoes SA	1,200		24,594
Tractebel Energia SA	2,800		30,459
Ultrapar Participacoes SA	1,800		47,760
Unibanco - Uniao de Bancos Brasileiros SA *	19,000		194,204
Unibanco - Uniao De Bancos
Brasileiros SA, ADR *	473		47,735
Usinas Siderurgicas de Minas Gerais
SA, SADR	1,323		27,654
Usinas Siderurgicas de Minas Gerais SA	1,200		24,184
Votorantim Celulose e Papel SA, SADR *	467		7,196

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Brazil (continued)
Weg SA	2,800	$	20,880
			4,140,314
Canada - 6.95%
Addax Petroleum Corp.	2,000		54,292
Agnico-Eagle Mines, Ltd.	2,887		157,608
Agrium, Inc.	3,139		175,495
Alimentation Couche Tard, Inc., ADR	3,000		39,323
ARC Energy Trust	2,000		43,411
Astral Media, Inc.	1,300		39,003
Bank of Montreal	9,891		427,053
Bank of Nova Scotia	20,352		917,920
Barrick Gold Corp.	18,110		663,140
BCE, Inc.	5,338		184,078
Biovail Corp.	2,850		27,047
Bombardier, Inc. *	29,062		157,837
Brookfield Asset Management, Inc.	10,248		276,265
Brookfield Properties Corp.	3,890		60,749
CAE, Inc.	5,184		41,404
Cameco Corp.	6,834		148,078
Canadian Imperial Bank of Commerce	7,770		445,940
Canadian National Railway Company	9,902		472,467
Canadian Natural Resources, Ltd.	11,108		761,930
Canadian Oil Sands Trust	5,000		182,100
Canadian Pacific Railway, Ltd.	3,226		172,993
Canadian Tire Corp., Ltd.	1,746		80,389
Canadian Utilities, Ltd.	1,000		35,659
Canfor Corp. *	100		767
CGI Group, Inc. *	6,224		54,447
CI Financial Income Fund	967		16,355
Eldorado Gold Corp. *	6,100		38,059
Enbridge, Inc.	7,024		259,906
EnCana Corp.	15,236		972,928
Enerplus Resources Fund	3,500		127,799
Ensign Energy Services, Inc.	2,700		42,317
Fairfax Financial Holdings, Ltd.	341		109,306
Finning International, Inc.	3,962		77,732
First Quantum Minerals, Ltd.	1,400		52,619
Fording Canadian Coal Trust	2,900		237,804
Fortis, Inc.	3,200		72,284
George Weston, Ltd.	1,064		51,448
Gerdau Ameristeel Corp.	3,800		36,598
Gildan Activewear, Inc. *	2,200		48,889
Goldcorp, Inc.	14,728		463,186
Great-West Lifeco, Inc.	5,124		151,180
Groupe Aeroplan, Inc.	4,735		58,684
Harvest Energy Trust	2,400		40,412
Husky Energy, Inc.	5,448		230,505
IGM Financial, Inc.	2,304		83,154
Imperial Oil, Ltd.	6,327		270,974
ING Canada, Inc., ADR	200		6,758
Inmet Mining Corp.	800		37,254
Ivanhoe Mines, Ltd. *	4,600		27,879
Jazz Air Income Fund, ADR *	350		1,723
Kinross Gold Corp.	13,081		210,058
Loblaw Companies, Ltd.	2,063		57,572
Lundin Mining Corp. *	6,800		20,191

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

170

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Magna International, Inc.	1,857	$	95,411
Manulife Financial Corp.	31,176		1,121,369
MDS, Inc. *	2,609		31,158
Methanex Corp.	2,133		41,788
Metro, Inc.	2,500		72,539
National Bank of Canada	3,132		143,173
Nexen, Inc.	10,036		232,924
Niko Resources, Ltd.	900		48,381
Nortel Networks Corp. *	8,076		17,757
Nova Chemicals Corp.	1,651		36,285
Onex Corp.	2,168		55,960
OPTI Canada, Inc. *	3,300		34,264
Pan American Silver Corp. *	1,500		32,643
Penn West Energy Trust	7,197		171,159
Petro-Canada	9,708		322,916
Potash Corp. of Saskatchewan, Inc.	6,489		841,238
Power Corp. Of Canada	7,183		210,580
Power Financial Corp.	4,678		146,197
Precision Drilling Trust, ADR	1,300		21,377
Provident Energy Trust	3,900		34,813
QLT, Inc. *	300		981
Research In Motion, Ltd. *	10,400		700,760
RioCan Real Estate Investment Trust	2,100		39,879
Ritchie Bros. Auctioneers, Inc.	1,500		35,941
Rogers Communications, Inc., Class B	10,358		335,972
Royal Bank of Canada	26,924		1,277,578
Saputo, Inc.	3,000		71,177
Shaw Communications, Inc.	7,098		143,661
Sherritt International Corp., ADR	4,800		25,663
Shoppers Drug Mart Corp.	3,944		190,298
Silver Wheaton Corp. *	4,500		36,490
Sino-Forest Corp. *	2,700		34,021
Sun Life Financial, Inc.	11,248		393,165
Suncor Energy, Inc.	19,096		789,499
Talisman Energy, Inc.	20,474		288,954
Teck Cominco, Ltd.	8,688		246,701
Telus Corp. - Non Voting Shares	3,156		113,014
Telus Corp.	1,205		44,011
Thomson Corp.	4,202		114,225
TMX Group, Inc.	1,676		45,670
Toronto Dominion Bank Ontario	16,650		1,002,520
TransAlta Corp.	4,379		117,679
Trans-Canada Corp.	11,850		425,008
Trican Well Service, Ltd. *	2,300		34,578
Uranium One, Inc. *	12,200		26,366
Yamana Gold, Inc.	12,006		98,710
Yellow Pages Income Fund	5,400		50,486
			19,817,908
Chile - 0.26%
Banco Santander Chile SA, ADR	1,794		76,765
Cia Cervecerias Unidas SA, ADR	1,131		36,452
Compania de Telecomunicaciones de Chile
SA, SADR	4,451		30,311
Distribucion y Servicio D&S SA, ADR	1,922		42,553
Embotelladora Andina SA, ADR, Series A	514		6,882
Embotelladora Andina SA, ADR, Series B	1,218		17,661

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Chile (continued)
Empresa Nacional de Electricidad SA, ADR	4,340	$	193,173
Enersis SA, SADR	10,330		168,586
Lan Airlines SA, SADR	4,420		50,388
Sociedad Quimica y Minera de
Chile SA, ADR, B Shares	4,090		103,109
Vina Concha Y Toro SA, ADR (a)	512		18,028
			743,908
China - 1.46%
Air China, Ltd., Class H	50,000		22,596
Aluminum Corp. of China, Ltd.	90,000		54,790
Angang New Steel Company, Ltd., Class H	27,960		25,931
Bank of China, Ltd.	567,400		219,882
Bank of Communications Company, Ltd.,
Class H	122,700		111,750
Beijing Capital International Airport Company,
Ltd., Class H	52,000		42,951
Beijing Datang Power Generation
Company, Ltd., Class H	84,000		46,887
BYD Company, Ltd., H Shares	11,400		19,080
Chaoda Modern Agriculture Holdings, Ltd.	40,500		34,206
China Communications
Construction Company , Ltd. - Hong Kong
Exchange	88,535		77,728
China Communications Services Corp., Ltd.,
Class H - Hong Kong Exchange	52,000		36,216
China Construction Bank - Hong Kong
Exchange	698,800		466,285
China Eastern Airlines Corp., Ltd. - Hong
Kong Exchange *	32,000		5,494
China Life Insurance Company, Ltd. - Hong
Kong Exchange	148,000		551,353
China Merchants Bank Company, Ltd. - Hong
Kong Exchange	57,500		138,856
China National Building Material Company,
Ltd. - Hong Kong Exchange	18,000		20,777
China Oilfield Services, Ltd., H Shares - Hong
Kong Exchange	38,000		35,207
China Petroleum & Chemical Corp., Class H -
Hong Kong Exchange	348,000		274,653
China Railway Construction Corp. - Hong
Kong Exchange *	40,500		53,475
China Railway Group, Ltd. - Hong Kong
Exchange *	77,000		46,962
China Shenhua Energy Company, Ltd. - Hong
Kong Exchange	68,000		166,799
China Shipping Container Lines Company,
Ltd. - Hong Kong Exchange	66,650		11,470
China Shipping Development Company, Ltd.,
Class H - Hong Kong Exchange	30,000		39,384
China Southern Airlines Company, Ltd. -
Hong Kong Exchange *	36,000		7,042
China Telecom Corp., Ltd. - Hong Kong
Exchange	294,000		120,656
COSCO Holdings	52,835		48,165
Country Garden Holdings Company, Ltd.	68,000		21,605
Dongfeng Motor Group Company, Ltd.	56,000		20,610
Foxconn International Holdings, Ltd. *	41,000		18,340
Guangdong Investment, Ltd.	76,000		17,948

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

171

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China (continued)
Guangshen Railway Company, Ltd., Class H	30,000	$	14,872
Guangzhou R&F Properties Company, Ltd., H
Shares	20,400		18,732
Huaneng Power International, Inc., Class H	62,000		41,220
Industrial & Commercial Bank of China, Ltd.	872,600		527,395
Jiangsu Expressway, Ltd.	26,000		19,515
Jiangxi Copper Company, Ltd., Class H	30,000		30,043
KWG Property Holding, Ltd.	16,000		4,332
Lenovo Group, Ltd.	100,000		44,136
Maanshan Iron & Steel Company, Ltd.	36,000		11,357
PetroChina Company, Ltd., Class H	438,000		454,685
PICC Property & Casualty Company, Ltd.,
Class H *	48,000		19,554
Shanghai Electric Group Company, Ltd. *	58,000		17,682
Shui On Land, Ltd.	50,000		20,875
Sinopec Shanghai Petrochemical
Company, Ltd., Class H	50,000		11,122
Tingyi Cayman Islands Holding Corp., GDR	42,000		49,067
Yanzhou Coal Mining Company, Ltd., Class H	40,000		41,246
Zhejiang Expressway Company, Ltd., Class H	30,000		17,810
Zijin Mining Group, Ltd.	85,902		43,438
ZTE Corp., Class H	5,320		20,151
			4,164,330
Colombia - 0.05%
BanColombia SA, ADR	4,615		131,297
Czech Republic - 0.15%
CEZ AS	4,187		262,093
Komercni Banka AS	308		69,266
Telefonica Czech Republic AS	2,281		53,688
Unipetrol AS	1,475		16,497
Zentiva NV	464		30,312
			431,856
Denmark - 0.70%
A P Moller Maersk AS, Series A	10		86,260
A P Moller Maersk AS	23		200,072
Carlsberg AS, B Shares	1,452		110,705
Coloplast AS	575		42,671
Danisco AS	1,031		57,946
Danske Bank AS	9,698		233,504
DSV AS, ADR	4,280		68,139
FLS Industries AS, B Shares	1,117		56,719
Jyske Bank *	1,262		63,543
Novo Nordisk AS	9,240		479,022
Novozymes AS, B Shares	964		85,906
Rockwool International AS, B Shares	150		12,829
Sydbank AS	1,290		38,696
Topdanmark AS *	353		50,585
TrygVesta AS	589		37,871
Vestas Wind Systems AS *	3,844		335,523
William Demant Holdings AS *	582		26,177
			1,986,168
Egypt - 0.12%
Commercial International Bank	4,698		34,049
Egypt Kuwait Holding Company	10,330		24,062
Egyptian Company for Mobile Services	661		12,844

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Egypt (continued)
Egyptian Financial Group-Hermes Holding	3,297	$	20,277
EL Ezz Aldekhela Steel Alexandria	52		12,842
EL EZZ Steel Company	1,707		5,670
ElSwedy Cables Holding Company *	1,339		24,947
Orascom Construction Industries	1,527		87,631
Orascom Telecom Holding SAE	9,355		67,682
Sidi Kerir Petrochemicals Company	6,580		18,534
Talaat Moustafa Group *	15,104		15,539
Telecom Egypt	6,452		17,445
			341,522
Finland - 1.07%
Cargotec Corp. Oyj, B Shares	826		16,874
Elisa Oyj, Class A	3,107		60,967
Fortum Corp. Oyj	9,504		318,947
Kesko Oyj	1,369		35,026
Kone Corp. Oyj	3,226		87,796
Metra Oyj, B Shares	1,869		78,738
Metso Oyj	2,627		64,431
Neste Oil Oyj	2,721		56,747
Nokia AB Oyj	82,494		1,538,631
Nokian Renkaat Oyj	2,400		57,751
OKO Bank PLC, Series A	2,900		42,263
Orion Oyj, Series B	1,803		30,547
Outokumpu Oyj	2,587		41,217
Rautaruukki Oyj *	1,881		37,592
Sampo Oyj, A Shares	9,424		214,413
SanomaWSOY Oyj	1,730		32,715
Stora Enso Oyj, Series R	11,947		116,735
UPM-Kymmene Oyj	11,607		181,096
YIT Oyj	3,040		31,745
			3,044,231
France - 7.27%
Accor SA	3,920		209,354
Aeroports de Paris	634		52,347
Air France-KLM	2,436		55,773
Air Liquide	5,249		576,783
Alcatel-Lucent *	44,117		170,014
Alstom	4,252		322,767
Atos Origin SA	1,306		57,475
AXA Group SA	31,060		1,016,729
BNP Paribas SA	16,384		1,563,976
Bouygues SA	4,458		201,949
Bureau Veritas SA	816		41,748
Cap Gemini SA	2,569		121,362
Carrefour SA	12,419		585,642
Casino Guich-Perrachon SA	852		76,023
Christian Dior SA	1,096		83,123
Cie Generale de Geophysique-Veritas *	2,435		77,260
CNP Assurances SA	844		95,330
Compagnie de Saint-Gobain SA	5,486		283,782
Compagnie Generale des Etablissements
Michelin, Class B	2,739		177,411
Credit Agricole SA	17,148		330,268
Dassault Systemes SA	1,363		73,033
Eiffage SA	749		40,133

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

172

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Electricite de France	4,028	$	291,278
Eramet	104		39,842
Essilor International SA	3,947		197,134
Eurazeo	512		43,282
European Aeronautic Defence &
Space Company	6,023		102,780
Eutelsat Communications *	1,757		46,737
France Telecom SA	37,694		1,057,302
GDF Suez	23,596		1,227,613
Gecina SA	241		25,975
Groupe DANONE	9,053		642,146
Hermes International SA	1,377		224,031
ICADE	295		23,899
Imerys SA	643		36,943
JC Decaux SA	1,101		24,110
Klepierre SA	1,184		46,341
Lafarge SA	2,892		304,494
Lagardere S.C.A.	2,374		107,011
Legrand SA, ADR	682		15,382
L'Oreal SA	4,932		483,945
LVMH Moet Hennessy SA	5,115		449,065
M6-Metropole Television	1,088		23,920
Natixis	20,111		67,346
Neopost SA	650		61,292
PagesJaunes Groupe SA	1,945		27,142
Pernod-Ricard SA	3,417		301,007
PPR SA	1,473		131,801
PSA Peugeot Citroen SA	3,045		114,602
Publicis Groupe SA	2,458		77,420
Renault Regie Nationale SA	3,627		231,146
Safran SA	2,630		46,027
Sanofi-Aventis SA	21,043		1,383,483
Schneider Electric SA	4,311		370,205
SCOR SE	2,913		56,643
Societe BIC SA	499		25,925
Societe Generale	9,366		841,345
Societe Television Francaise 1	1,890		33,483
Sodexho Alliance	1,819		107,346
STMicroelectronics NV	13,354		135,413
Suez Environnement SA *	5,206		128,184
Technip SA	1,858		104,403
Thales SA	1,721		86,850
Total SA	43,328		2,632,172
Unibail-Rodamco, REIT	1,643		332,429
Valeo SA	1,391		42,094
Vallourec SA	952		205,420
Veolia Environnement SA	7,568		311,356
Vinci SA	8,751		412,313
Vivendi SA	24,096		755,427
Wendel	556		44,346
Zodiac SA	707		33,718
			20,725,850
Germany - 6.25%
Adidas-Salomon AG	4,347		232,216
Allianz SE	9,338		1,280,223
Arcandor AG *	1,054		3,457

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
BASF SE	20,140	$	960,204
Bayer AG	15,855		1,161,175
Bayerische Motoren Werke (BMW) AG	6,654		257,914
Beiersdorf AG	1,788		113,013
Bilfinger Berger AG	677		35,262
Celesio AG	1,754		76,549
Commerzbank AG	12,885		191,005
Continental AG *	3,042		302,389
Daimler AG	18,338		910,536
Deutsche Bank AG	10,363		741,338
Deutsche Boerse AG	4,071		372,539
Deutsche Lufthansa AG	4,759		93,030
Deutsche Post AG	16,928		353,194
Deutsche Postbank AG	1,640		62,123
Deutsche Telekom AG	57,290		870,076
E.ON AG	39,353		1,980,907
Fraport AG, ADR	892		53,010
Fresenius AG	544		39,933
Fresenius Medical Care AG & Company	3,765		194,901
Fresenius SE	1,559		113,458
GEA Group AG	3,066		59,345
Hamburger Hafen und Logistik AG	511		30,309
Hannover Rueckversicherung AG	1,212		44,357
Heidelbergcement AG	502		53,049
Henkel AG & Company KGaA	2,177		66,768
Henkel AG & Company KGaA	3,662		133,575
Hochtief AG	887		42,333
Hypo Real Estate Holding AG	2,951		17,408
Infineon Technologies AG *	14,777		82,040
IVG Immobilien AG	1,907		18,374
K&S AG	2,868		198,856
Linde AG	2,814		300,495
MAN AG	2,125		143,069
Merck KGAA *	1,292		137,783
Metro AG	2,280		114,333
Muenchener Rueckversicherungs-
Gesellschaft AG	4,295		647,879
ProSieben Sat.1 Media AG	1,852		12,528
Puma AG	139		37,831
Q-Cells AG *	1,216		101,966
Rheinmetall AG	643		34,607
RWE AG	9,192		876,334
Salzgitter AG	835		84,440
SAP AG	17,692		942,257
Siemens AG	17,988		1,677,867
Solarworld AG	1,726		72,649
Thyssen Krupp AG	7,307		219,385
TUI AG	4,099		67,709
United Internet AG	2,526		27,161
Volkswagen AG	2,927		1,146,934
Wacker Chemie AG	314		44,829
			17,834,922
Greece - 0.48%
Alpha Bank A.E.	8,077		175,846
Bank of Piraeus SA	6,793		141,443
Coca-Cola Hellenic Bottling Company SA	3,420		74,645

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

173

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Giordano International, Ltd.	1,389	$	485
Gome Electrical Appliances Holdings, Ltd.	144,000		42,514
Guangzhou Investment Company, Ltd.	130,000		12,661
Hang Lung Group, Ltd.	17,000		53,850
Hang Lung Properties, Ltd.	40,674		95,748
Hang Seng Bank, Ltd.	15,281		288,874
Harbin Power Equipment Company, Ltd.	14,000		10,029
Henderson Investment, Ltd.	10,000		469
Henderson Land Development Company, Ltd.	19,489		86,877
Hengan International Group Company, Ltd.,
GDR	16,000		45,533
Hidili Industry International Development, Ltd.	27,000		13,164
Hong Kong & China Gas Company, Ltd.	76,227		174,004
Hong Kong Aircraft Engineering Company	1,200		13,800
Hong Kong Electric Holdings, Ltd.	26,418		165,931
Hong Kong Exchange & Clearing, Ltd.	20,570		253,349
Hopewell Holdings, Ltd.	12,638		45,897
Hopson Development Holdings, Ltd., GDR	12,000		6,097
Hutchison Telecommunications
International, Ltd. *	28,277		31,578
Hutchison Whampoa, Ltd.	44,423		341,193
Hysan Development Company, Ltd.	12,318		32,065
Johnson Electronic Holdings, Ltd.	475		178
Kerry Properties, Ltd.	11,599		37,593
Kingboard Chemical Holdings, Ltd.	10,228		34,923
Lee & Man Paper Manufacturing, Ltd.	8,000		4,384
Li & Fung, Ltd.	42,829		104,805
Li Ning Company, Ltd.	14,000		24,561
Lifestyle International Holdings, Ltd.	12,500		14,198
Link, REIT	40,376		83,932
Mongolia Energy Company, Ltd. *	67,000		36,078
MTR Corp., Ltd.	26,432		78,047
New World Development Company, Ltd.	47,161		52,525
Nine Dragons Paper Holdings, Ltd.	48,600		18,181
Noble Group, Ltd.	38,400		36,543
NWS Holdings, Ltd.	7,159		12,846
Orient Overseas International, Ltd.	3,938		10,088
Pacific Basin Shipping, Ltd.	24,000		19,954
Parkson Retail Group, Ltd.	32,500		36,047
PCCW, Ltd.	66,652		27,773
Ping An Insurance Group Company of China,
Ltd.	29,000		169,823
Shanghai Industrial Holdings, Ltd.	12,000		27,430
Shangri-La Asia, Ltd.	19,953		28,586
Shimao Property Holdings, Ltd., GDR	30,500		17,590
Shougang Concord International Enterprises
Company, Ltd.	106,000		15,281
Shun Tak Holdings, Ltd.	18,000		6,198
Sino Land Company, Ltd.	24,774		27,747
Sinofert Holdings, Ltd.	46,000		23,189
Sino-Ocean Land Holdings, Ltd.	63,000		19,595
Soho China, Ltd.	54,500		18,418
Sun Hung Kai Properties, Ltd.	29,389		302,847
Swire Pacific, Ltd., Class A	15,837		139,209
Techtronic Industries Company, Ltd.	485		446
Television Broadcasting Company, Ltd.	3,819		16,217
Tencent Holdings, Ltd.	20,000		146,187

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

174

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Wharf Holdings, Ltd.	27,373	$	78,203
Wheelock and Company, Ltd.	22,000		39,904
Wing Hang Bank, Ltd.	3,064		23,541
Wing Lung Bank, Ltd.	2,100		41,981
Yue Yuen Industrial Holdings, Ltd.	8,933		24,402
			7,451,550
Hungary - 0.17%
Gedeon Richter Rt.	336		61,503
Magyar Telekom Rt.	11,267		52,846
MOL Magyar Olaj & Gazipari Rt.	1,444		132,034
OTP Bank Rt. *	6,386		231,105
			477,488
India - 1.17%
Bajaj Auto, Ltd., ADR (g)	977		8,793
Bajaj Auto, Ltd.	977		12,688
Bajaj Finserv, Ltd.	977		7,906
Dr. Reddy's Laboratories, Ltd., ADR	3,186		35,524
Grasim Industries, Ltd., ADR (g)	1,051		87,233
ICICI Bank, Ltd., SADR	15,187		357,198
Infosys Technologies, Ltd., ADR	22,170		738,483
Larsen & Toubro, Ltd., ADR (g)	3,534		184,086
Ranbaxy Laboratories, Ltd., ADR	4,394		23,728
Reliance Capital, Ltd. (g)	811		19,747
Reliance Communication, Ltd., ADR (g)	23,711		168,398
Reliance Energy, Ltd., ADR (g)	405		20,444
Reliance Industries, Ltd., GDR (g)	14,865		1,208,524
Reliance Natural Resources, Ltd., ADR * (g)	8,110		25,367
Satyam Computer Services, Ltd., ADR	13,362		215,796
State Bank of India, Ltd., ADR	709		42,895
Tata Communications, Ltd., ADR (a)	977		20,644
Tata Motors, Ltd., SADR	11,229		86,014
Wipro, Ltd., ADR	7,013		68,166
			3,331,634
Indonesia - 0.28%
Aneka Tambang Tbk PT	71,375		10,847
Astra Agro Lestari Tbk PT	8,342		11,307
Astra International Tbk PT	43,017		76,732
Bank Central Asia Tbk PT	258,226		85,055
Bank Danamon Indonesia Tbk PT	36,741		18,733
Bank Internasional Indonesia Tbk PT	362,500		11,917
Bank Mandiri Tbk PT	151,122		41,888
Bank Rakyat Indonesia Tbk PT	115,999		65,539
Bumi Resources Tbk PT	369,220		122,791
Indocement Tunggal Prakarsa Tbk PT	20,013		12,516
Indofood Sukses Makmur Tbk PT	90,595		18,586
Indosat Tbk PT, ADR (a)	523		17,081
Indosat Tbk PT	26,000		16,629
International Nickel Indonesia Tbk PT	40,000		12,816
Perusahaan Gas Negara Tbk PT	217,515		49,286
PT Telekomunikiasi Indonesia, ADR	2,899		86,332
Semen Gresik Persero Tbk PT	30,860		11,021
Telekomunikasi Indonesia Tbk PT	98,000		73,199
Truba Alam Manunggal Engineering PT *	157,500		2,683
Unilever Indonesia Tbk PT	32,500		25,684

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Indonesia (continued)
United Tractors Tbk PT	32,120	$	31,671
			802,313
Ireland - 0.35%
Allied Irish Banks PLC - London Exchange	1,771		14,449
Allied Irish Banks PLC	16,539		135,959
Anglo Irish Bank Corp. PLC	15,416		87,450
Bank of Ireland - London Exchange	1,444		8,216
Bank of Ireland	19,645		109,520
C&C Group PLC	206		551
CRH PLC - London Exchange	1,079		23,053
CRH PLC	10,598		224,277
Elan Corp. PLC *	1,612		16,919
Elan Corp. PLC *	7,649		80,963
Experian Group, Ltd.	20,151		133,549
Greencore Group PLC	6		15
Irish Life & Permanent PLC - London
Exchange	832		5,840
Irish Life & Permanent PLC	4,627		32,414
Kerry Group PLC, Class A - London Exchange	2,393		70,073
Kerry Group PLC, Class A - London Exchange	479		14,092
Ryanair Holdings PLC, SADR *	1,203		26,983
Smurfit Kappa Group PLC	2,490		10,776
			995,099
Israel - 0.50%
Africa-Israel Investments, Ltd.	259		6,536
Aladdin Knowledge Systems, ADR *	144		1,924
Alvarion, Ltd., ADR *	544		3,161
Audio Codes, Ltd., ADR *	632		1,593
Bank Hapoalim, Ltd.	18,726		55,420
Bank Leumi Le-Israel, Ltd.	16,788		57,115
Bezek Israeli Telecommunications Corp., Ltd.	21,603		38,295
Cellcom Israel, Ltd.	1,173		35,260
Check Point Software Technologies, Ltd. *	3,525		80,158
Delek Group, Ltd.	45		3,632
Discount Investment Corp.	492		8,953
Elbit Systems, Ltd.	482		25,128
Gazit Globe, Ltd.	492		3,588
Given Imaging Corp., ADR *	85		948
ICL Israel Chemicals, Ltd.	11,174		155,987
IDB Development Corp., Ltd.	118		1,546
Israel Corp., Ltd.	48		34,696
Israel Discount Bank, Ltd. *	8,360		12,221
Koor Industries, Ltd.	166		6,740
Makhteshim-Agam Industries, Ltd.	5,876		37,031
Nice Systems, Ltd. *	1,055		29,385
Oil Refineries, Ltd.	19,381		11,250
Ormat Industries	1,616		17,355
Partner Communications, Ltd.	1,609		29,616
RADWARE, Ltd., ADR *	269		2,241
Syneron Medical, Ltd., ADR *	462		6,584
Teva Pharmaceutical Industries, Ltd.	15,950		736,844
United Mizrahi Bank, Ltd.	2,283		14,238
			1,417,445
Italy - 2.58%
A2A SpA	25,184		64,261

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

175

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Alleanza Assicurazioni SpA	8,001	$	73,546
Assicurazioni Generali SpA	21,845		725,191
Autogrill SpA (a)	1,513		17,179
Autostrade SpA	4,974		102,480
Banca Carige SpA	14,124		46,658
Banca Intesa SpA - Non convertible	18,903		90,181
Banca Monte dei Paschi Siena SpA	40,580		100,997
Banca Popolare di Milano SpA	7,369		62,627
Banche Popolari Unite SpA	11,631		254,797
Banco Popolare Societa Cooperativa	12,925		200,783
Bulgari SpA	2,249		20,132
Enel SpA	89,598		747,936
Eni SpA	53,965		1,430,400
Fiat SpA	13,699		184,086
Finmeccanica SpA	5,653		122,543
Fondiaria-Sai SpA	1,154		27,239
IFIL - Investments SpA	7,805		35,394
Intesa Sanpaolo SpA	159,119		875,087
Italcementi SpA, RNC	672		6,333
Italcementi SpA	896		11,099
Lottomatica SpA	1,124		29,432
Luxottica Group SpA	2,452		56,417
Mediaset SpA	14,004		88,938
Mediobanca SpA	9,167		124,422
Mediolanum SpA	3,435		15,735
Mondadori (Arnoldo) Editore SpA	29		147
Parmalat SpA	27,945		65,963
Pirelli & Company SpA	46,476		27,422
Prysmian SpA	2,128		41,860
Saipem SpA	5,321		159,210
Snam Rete Gas SpA	16,364		98,893
Telecom Italia SpA - RSP	116,771		132,365
Telecom Italia SpA	207,306		308,529
Terna Rete Elettrica Nationale SpA	21,134		77,699
UniCredito Italiano SpA	235,501		880,619
Unipol Gruppo Finanziario SpA, ADR	17,202		36,913
			7,343,513
Japan - 15.91%
Acom Company, Ltd.	1,333		45,557
Advantest Corp.	3,020		63,859
AEON Company, Ltd.	13,996		142,995
AEON Credit Service Company, Ltd.	1,423		14,524
Aeon Mall Company, Ltd.	1,500		44,707
Aiful Corp. (a)	1,398		10,817
Aioi Insurance Company, Ltd.	9,000		44,891
Aisin Seiki Company	3,821		93,577
Ajinomoto Company, Inc.	13,695		130,524
Alfresa Holdings Corp.	576		27,883
All Nippon Airways Company, Ltd.	13,285		47,326
Alps Electric Company, Ltd.	3,662		28,666
Amada Company, Ltd.	7,171		39,382
Aozora Bank, Ltd.	18,000		28,217
Asahi Breweries, Ltd.	7,699		134,937
Asahi Glass Company, Ltd.	21,809		191,715
Asahi Kasei Corp.	22,037		92,719
ASATSU-DK, Inc.	52		1,481

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
ASICS Corp.	3,000	$	23,322
Astellas Pharmaceuticals, Inc.	10,405		437,210
Bank of Kyoto, Ltd.	6,000		61,238
Benesse Corp.	1,746		71,314
Bridgestone Corp.	12,547		237,534
Brother Industries, Ltd.	4,700		49,765
Canon Marketing Japan, Inc.	1,500		22,976
Canon, Inc.	22,026		835,025
Casio Computer Company, Ltd.	4,267		40,063
Central Glass Company, Ltd.	114		381
Central Japan Railway Company, Ltd.	34		320,604
Chiba Bank, Ltd.	15,104		79,192
Chubu Electric Power Company, Inc.	13,423		316,283
Chugai Pharmaceutical Company, Ltd.	5,084		82,847
Chugoku Bank, Ltd.	3,000		41,863
Chugoku Electric Power Company, Inc.	5,600		114,809
Circle K Sunkus Company, Ltd.	88		1,459
Citizen Watch Company, Ltd.	5,665		39,263
Coca-Cola West Japan Company, Ltd.	1,323		29,896
Cosmo Oil Company, Ltd.	8,000		18,976
Credit Saison Company, Ltd.	3,109		51,096
CSK Corp.	1,310		19,144
Dai Nippon Printing Company, Ltd.	12,047		162,495
Daicel Chemical Industries, Ltd.	6,466		29,088
Daido Steel Company, Ltd.	7,000		37,047
Daihatsu Motor Company, Ltd.	5,000		54,701
Daiichi Sankyo Company, Ltd.	14,028		361,452
Daikin Industries, Ltd.	5,185		174,880
Dainippon Ink & Chemicals, Inc.	13,990		26,496
Dainippon Screen Manufacturing
Company, Ltd.	762		2,468
Dainippon Sumitomo Pharma Company, Ltd.	4,000		32,768
Daito Trust Construction Company, Ltd.	1,581		58,802
Daiwa House Industry Company, Ltd.	10,285		98,330
Daiwa Securities Group, Inc.	26,649		194,104
Dena Company, Ltd.	6		24,175
Denki Kagaku Kogyo Kabushiki Kaisha	9,523		25,053
Denso Corp.	9,778		239,833
Dentsu, Inc.	39		78,435
Dowa Mining Company, Ltd.	5,466		24,511
East Japan Railway Company	71		529,492
Eisai Company, Ltd.	4,948		193,219
Electric Power Development Company, Ltd.	3,000		96,878
Elpida Memory, Inc. *	1,800		33,831
FamilyMart Company, Ltd.	1,240		52,469
Fanuc, Ltd.	3,821		287,461
Fast Retailing Company, Ltd.	1,134		115,638
Fuji Electric Holdings Company, Ltd.	10,580		25,557
Fuji Heavy Industries, Ltd.	14,000		70,915
Fuji Photo Film Company, Ltd.	9,833		253,503
Fuji Television Network, Inc.	10		12,898
Fujitsu, Ltd.	40,379		227,009
Fukuoka Financial Group, Inc.	16,000		58,880
Furukawa Electric Company, Ltd.	11,638		51,392
Goodwill Group, Inc. *	21		660
Gunma Bank	8,523		48,602

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

176

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Hakuhodo DY Holdings, Inc.	460	$	22,693
Hankyu Hanshin Holdings, Inc.	27,600		126,772
Haseko Corp.	18,500		13,286
Hikari Tsushin, Inc.	600		12,845
Hino Motors, Ltd.	5,114		20,677
Hirose Electric Company, Ltd.	617		58,806
Hisamitsu Pharmaceutical Company, Inc.	1,300		56,898
Hitachi Chemical, Ltd.	1,816		24,370
Hitachi Construction Machinery Company, Ltd.	2,257		55,786
Hitachi High-Technologies Corp.	1,100		21,813
Hitachi Metals, Ltd.	4,000		47,808
Hitachi, Ltd.	70,882		478,523
Hokkaido Electric Power Company, Inc.	3,532		73,749
Hokuhoku Financial Group, Inc.	22,866		51,028
Hokuriku Electric Power Company	3,500		84,221
Honda Motor Company, Ltd.	33,938		1,029,433
Hoya Corp.	8,008		158,861
Ibiden Company, Ltd.	2,500		60,860
Idemitsu Kosan Company, Ltd.	400		32,395
Inpex Holdings, Inc.	17		144,473
Isetan Mitsukoshi Holdings, Ltd. *	6,576		77,157
Ishikawajima-Harima Heavy Industries
Company, Ltd.	24,866		39,072
Isuzu Motors, Ltd.	26,000		72,255
IT Holdings Corp. *	17		251
ITO EN, Ltd.	1,094		14,201
Itochu Corp.	31,798		191,556
Itochu Techno-Science Corp.	552		14,061
Iyo Bank, Ltd.	5,000		54,505
J Front Retailing Company, Ltd.	12,000		69,229
JAFCO Company, Ltd.	647		24,387
Japan Airlines System Corp. *	16,047		33,042
Japan Petroleum Exploration Company, Ltd.	600		30,800
Japan Prime Realty Investment Corp., REIT	12		28,453
Japan Real Estate Investment Corp., REIT	8		64,555
Japan Retail Fund Investment Corp., REIT	8		32,892
Japan Tobacco, Inc.	96		361,832
JFE Holdings, Inc.	10,538		326,848
JGC Corp.	4,114		66,002
Joyo Bank, Ltd.	14,047		63,948
JS Group Corp.	5,084		64,002
JSR Corp.	3,667		48,901
Jupiter Telecommunications Company, Ltd. *	100		72,001
Kajima Corp.	17,809		53,799
Kamigumi Company, Ltd.	4,466		33,549
Kaneka Corp.	5,171		28,566
Kansai Electric Power Company, Ltd.	15,522		345,341
Kansai Paint Company, Ltd.	3,762		23,334
Kao Corp.	10,638		285,285
Kawasaki Heavy Industries, Ltd.	30,037		64,087
Kawasaki Kisen Kaisha, Ltd.	10,933		67,639
KDDI Corp.	59		334,215
Keihin Electric Express Railway Company, Ltd. (a)	8,933		58,550
Keio Corp.	12,285		66,158
Keisei Electric Railway Company, Ltd.	5,000		27,529
Keyence Corp.	752		150,011

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Kikkoman Corp.	2,762	$	37,411
Kinden Corp.	1,409		13,423
Kintetsu Corp.	33,208		115,726
Kirin Brewery Company, Ltd.	17,104		224,730
Kobe Steel Company, Ltd.	53,483		107,623
Komatsu, Ltd.	18,070		295,833
Komori Corp.	105		1,411
Konami Corp.	1,857		46,727
Konica Minolta Holdings, Inc.	9,609		109,819
Koyo Seiko Company, Ltd.	4,157		47,430
Kubota Corp.	24,218		152,754
Kuraray Company, Ltd.	7,700		76,540
Kurita Water Industries, Ltd.	2,181		51,083
Kyocera Corp.	3,462		262,786
Kyowa Hakko Kogyo Company, Ltd.	5,862		61,651
Kyushu Electric Power Company, Inc.	7,469		155,688
Lawson, Inc.	1,269		58,520
LeoPalace21 Corp.	2,498		19,316
Mabuchi Motor Company, Ltd.	482		21,917
Makita Corp.	2,457		50,333
Marubeni Corp.	32,798		148,673
Marui Company, Ltd.	6,236		46,570
Maruichi Steel Tube, Ltd.	1,100		30,213
Matsushita Electric Industrial Company, Ltd.	38,607		665,566
Matsushita Electric Works, Ltd.	7,819		69,437
Mazda Motor Corp.	19,000		77,378
Mediceo Holdings Company, Ltd.	2,910		35,601
Meiji Dairies Corp.	4,114		21,994
Minebea Company, Ltd.	7,523		28,216
Mitsubishi Chemical Holdings Corp., ADR	28,000		148,001
Mitsubishi Corp.	28,044		585,002
Mitsubishi Electric Corp.	39,027		263,318
Mitsubishi Estate Company, Ltd.	24,218		477,219
Mitsubishi Gas & Chemicals Company, Inc.	7,171		34,681
Mitsubishi Heavy Industries, Ltd.	64,063		278,257
Mitsubishi Logistics Corp.	2,057		26,063
Mitsubishi Materials Corp.	22,980		72,180
Mitsubishi Motors Corp. * (a)	72,000		121,327
Mitsubishi Rayon Company, Ltd.	9,990		24,741
Mitsubishi UFJ Financial Group, Inc.	215,400		1,878,342
Mitsubishi UFJ Lease & Finance
Company, Ltd.	1,490		48,759
Mitsui & Company, Ltd.	35,389		439,330
Mitsui Chemicals, Inc.	12,990		57,267
Mitsui Engineering & Shipbuilding
Company, Ltd.	15,638		29,800
Mitsui Fudosan Company, Ltd.	16,752		323,681
Mitsui Mining & Smelting Company, Ltd.	9,990		23,317
Mitsui O.S.K. Lines, Ltd.	22,513		195,601
Mitsui Sumitomo Insurance Group Holdings,
Inc. *	8,222		280,020
Mitsui Trust Holdings, Inc.	17,990		97,123
Mitsumi Electric Company, Ltd.	1,699		43,143
Mizuho Financial Group, Inc.	200		874,629
Mizuho Trust & Banking Company, Ltd.	30,000		41,162
Murata Manufacturing Company, Ltd.	4,596		185,543
Namco Bandai Holdings, Inc.	4,067		44,711

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

177

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
NEC Corp.	40,617	$	173,602
NEC Electronics Corp. *	652		13,622
NGK INSULATORS, Ltd.	5,171		63,306
NGK Spark Plug Company, Ltd.	3,762		36,624
NHK Spring Company, Ltd.	3,000		16,638
NICHIREI Corp.	466		2,482
Nidec Corp.	2,186		134,480
Nikon Corp.	6,819		163,581
Nintendo Company, Ltd.	2,092		887,371
Nippon Building Fund, Inc., REIT	11		106,339
Nippon Electric Glass Company, Ltd.	7,000		63,409
Nippon Express Company, Ltd.	16,809		75,039
Nippon Meat Packers, Inc.	3,762		57,048
Nippon Mining Holdings, Inc.	17,632		71,022
Nippon Oil Corp.	25,094		126,366
Nippon Paper Group, Inc.	17		49,680
Nippon Sheet Glass Company, Ltd.	13,171		68,210
Nippon Steel Corp.	108,536		409,740
Nippon Telegraph & Telephone Corp.	109		486,515
Nippon Yusen Kabushiki Kaisha	22,923		149,426
NIPPONKOA Insurance Company, Ltd.	13,000		73,071
Nishi-Nippon City Bank, Ltd.	12,000		29,964
Nissan Chemical Industries, Ltd.	2,762		25,362
Nissan Motor Company, Ltd.	45,290		306,241
Nisshin Seifun Group, Inc.	3,114		41,919
Nisshin Steel Company	16,047		31,042
Nisshinbo Industries, Inc.	3,409		33,245
Nissin Food Products Company, Ltd.	1,716		61,159
Nitori Company, Ltd.	768		45,630
Nitto Denko Corp.	3,332		84,768
NOK Corp.	2,492		27,937
Nomura Holdings, Inc.	36,907		481,640
Nomura Real Estate Holdings, Inc.	1,300		30,965
Nomura Real Estate Office Fund, Inc.	5		34,167
Nomura Research Institute, Ltd.	2,411		49,622
NSK, Ltd.	8,285		47,862
NTN Corp.	8,228		42,759
NTT Data Corp.	26		102,791
NTT DoCoMo, Inc.	322		515,424
NTT Urban Development Corp.	20		24,320
Obayashi Corp.	11,638		58,855
OBIC Company, Ltd.	120		19,583
Odakyu Electric Railway Company, Ltd.	11,695		86,565
Oji Paper Company, Ltd.	17,809		89,534
Okuma Holdings, Inc.	3,000		17,408
Okumura Corp.	114		436
Olympus Optical Company, Ltd.	4,466		130,531
Omron Corp.	4,161		64,588
Ono Pharmaceutical Company, Ltd.	1,900		87,778
Onward Kashiyama Company, Ltd.	2,409		25,194
Oracle Corp. - Japan	852		38,776
Oriental Land Company, Ltd.	893		60,540
ORIX Corp.	1,866		233,638
Osaka Gas Company, Ltd.	42,845		147,528
Otsuka Corp.	300		19,578
Pioneer Electronic Corp.	3,221		21,246

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Promise Company, Ltd.	1,619	$	31,328
Q.P. Corp.	87		809
Rakuten, Inc.	124		69,971
Resona Holdings, Inc.	113		152,441
Ricoh Company, Ltd.	13,399		188,403
Rinnai Corp.	52		2,122
Rohm Company, Ltd.	2,027		111,492
SANKYO Company, Ltd.	993		50,404
Santen Pharmaceutical Company, Ltd.	1,300		33,047
Sanyo Electric Company, Ltd. *	29,151		50,614
Sapporo Hokuyo Holdings, Inc.	6		30,036
Sapporo Holdings, Ltd.	5,466		40,590
SBI Holdings, Inc.	478		71,557
Secom Company, Ltd.	4,190		174,545
Sega Sammy Holdings, Inc.	4,292		38,824
Seiko Epson Corp.	2,622		60,976
Sekisui Chemical Company, Ltd.	11,228		66,745
Sekisui House, Ltd.	9,638		88,487
Seven & I Holdings Company, Ltd.	18,181		522,338
Sharp Corp.	20,218		220,923
Shikoku Electric Power Company, Inc.	3,700		92,931
Shimadzu Corp.	5,000		40,516
Shimamura Company, Ltd.	376		25,215
Shimano, Inc. *	1,369		47,129
Shimizu Corp.	10,695		50,947
Shin-Etsu Chemical Company, Ltd.	8,611		409,459
Shinko Electric Industries Company, Ltd.	1,200		11,358
Shinko Securities Company, Ltd.	11,000		31,059
Shinsei Bank, Ltd.	35,094		107,942
Shionogi & Company, Ltd.	6,523		132,119
Shiseido Company, Ltd.	6,523		146,072
Shizuoka Bank, Ltd.	11,342		111,669
Showa Denko K.K.	23,161		48,837
Showa Shell Sekiyu K.K.	3,555		34,624
SMC Corp.	1,164		121,274
SOFTBANK Corp.	15,388		200,530
Sojitz Holdings Corp.	27,391		63,485
Sompo Japan Insurance, Inc.	17,104		145,173
Sony Corp. *	20,742		639,633
Sony Financial Holdings, Inc.	19		74,806
Square Enix Company, Ltd.	1,600		46,792
Stanley Electric Corp.	2,908		42,660
Sumco Corp.	2,300		36,404
Sumitomo Bakelite Company, Ltd.	762		3,259
Sumitomo Chemical Company, Ltd.	31,446		138,916
Sumitomo Corp.	23,966		223,455
Sumitomo Electric Industries, Ltd.	15,199		165,428
Sumitomo Heavy Industries, Ltd.	11,990		57,165
Sumitomo Metal Industries, Ltd.	81,577		252,901
Sumitomo Metal Mining Company, Ltd.	11,285		113,095
Sumitomo Mitsui Financial Group, Inc.	141		884,022
Sumitomo Realty &
Development Company, Ltd.	7,876		171,529
Sumitomo Rubber Industries, Inc.	3,100		27,618
Sumitomo Titanium Corp.	300		9,985
Sumitomo Trust & Banking Company, Ltd.	30,446		202,845

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

178

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Suruga Bank, Ltd.	4,114	$	47,886
Suzuken Company, Ltd.	1,123		34,126
Suzuki Motor Corp.	7,100		131,557
T&D Holdings, Inc.	3,891		205,529
TAIHEIYO CEMENT CORP.	18,809		27,422
Taisei Corp.	20,866		54,455
Taisho Pharmaceuticals Company, Ltd.	2,762		54,782
Taiyo Nippon Sanso Corp.	5,819		46,099
Takashimaya Company, Ltd.	5,819		50,702
Takeda Pharmaceutical Company, Ltd.	17,549		883,602
Takefuji Corp. (a)	2,056		26,755
Tanabe Seiyaku Company, Ltd.	4,000		55,592
TDK Corp.	2,668		133,629
Teijin, Ltd.	18,104		54,400
Terumo Corp.	3,403		177,515
The 77th Bank, Ltd.	6,523		32,891
The Bank of Yokohama, Ltd.	23,684		117,316
The Hachijuni Bank, Ltd.	9,000		47,744
The Hiroshima Bank, Ltd.	9,000		33,338
The Japan Steel Works, Ltd.	7,000		87,031
The Tokyo Electric Power Company, Ltd.	25,367		624,140
THK Company, Ltd.	2,781		43,272
Tobu Railway Company, Ltd.	16,752		81,229
Toho Company, Ltd.	1,933		40,452
Toho Gas Company, Ltd.	10,000		55,155
Toho Titanium Company, Ltd. (a)	500		7,737
Tohoku Electric Power Company, Inc.	8,480		182,273
Tokai Rika Company, Ltd.	1,100		13,971
Tokio Marine Holdings, Inc.	14,100		517,664
Tokuyama Corp.	4,000		23,209
Tokyo Broadcasting Company, Ltd.	852		14,625
Tokyo Electron, Ltd.	3,432		155,302
Tokyo Gas Company, Ltd.	49,835		207,935
Tokyo Steel Manufacturing Company, Ltd.	1,800		19,889
Tokyo Tatemono Company, Ltd.	6,000		28,533
Tokyu Corp.	21,866		104,466
Tokyu Land Corp.	9,171		34,089
TonenGeneral Sekiyu K.K.	6,171		50,684
Toppan Printing Company, Ltd.	10,990		85,708
Toray Industries, Inc.	26,389		123,891
Toshiba Corp.	64,711		282,222
Tosoh Corp.	9,228		27,230
Toto, Ltd.	5,171		38,240
Toyo Seikan Kaisha, Ltd.	3,209		49,260
Toyo Suisan Kaisha, Ltd.	1,705		43,223
Toyobo Company, Ltd.	933		1,576
Toyoda Gosei Company, Ltd.	1,134		19,267
Toyota Boshoku Corp.	1,500		16,583
Toyota Industries Corp.	3,590		90,599
Toyota Motor Corp.	57,447		2,456,001
Toyota Tsusho Corp.	4,400		57,647
Trend Micro, Inc.	2,233		84,636
Ube Industries, Ltd.	21,037		56,723
UNI Charm Corp.	858		65,863
UNY Company, Ltd.	3,762		38,283
Ushio, Inc.	1,957		32,245

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
USS Company, Ltd.	393	$	25,276
Wacoal Corp.	57		638
West Japan Railway Company, Ltd.	34		145,604
Yahoo Japan Corp.	303		99,192
Yakult Honsha Company, Ltd.	1,957		60,303
Yamada Denki Company, Ltd.	1,726		130,829
Yamaguchi Financial Group, Inc.	4,000		48,815
Yamaha Corp.	3,426		58,419
Yamaha Motor Company, Ltd.	3,591		49,046
Yamato Kogyo Company, Ltd.	600		20,965
Yamato Transport Company, Ltd.	7,580		84,897
Yamazaki Baking Company, Ltd.	1,409		17,088
YASKAWA Electric Corp.	5,000		28,471
Yokogawa Electric Corp.	3,814		24,217
			45,384,598
Luxembourg - 0.47%
ArcelorMittal	17,470		884,978
Millicom International Cellular SA, ADR *	1,411		97,432
SES, ADR	6,074		125,736
Tenaris SA, ADR	6,160		229,706
			1,337,852
Malaysia - 0.47%
AirAsia BHD *	13,200		4,801
AMMB Holdings BHD	29,362		25,460
Asiatic Development BHD	10,500		14,158
Berjaya Sports Toto BHD	15,600		20,402
British American Tobacco Malaysia BHD	3,700		44,708
Bursa Malaysia BHD	6,000		11,209
Commerce Asset Holdings	57,000		127,507
Digi.Com BHD	7,400		48,314
Gamuda BHD	28,800		17,986
Genting BHD	50,800		78,432
Hong Leong Bank BHD	9,200		15,114
Hong Leong Credit BHD	3,400		4,367
IGB Corp. BHD	15,700		6,355
IJM Corp. Berhad *	21,500		29,630
IOI Corp. BHD	74,550		91,880
IOI Properties BHD	1,400		1,797
KLCC Property Holdings BHD	6,800		5,371
KNM Group BHD	76,950		28,511
Kuala Lumpur Kepong BHD	12,400		34,795
Lafarge Malayan Cement BHD	5,670		6,102
Malayan Bank BHD	56,250		111,878
Malaysian Airline System BHD	5,600		5,643
Malaysian Plantations BHD	12,700		9,228
MISC BHD	21,200		50,412
MMC Corp. BHD	13,000		8,363
Multi-Purpose Holdings BHD	4,700		1,766
Parkson Holdings BHD *	12,600		14,087
Petronas Dagangan BHD	4,000		7,641
Petronas Gas BHD	9,300		26,913
PLUS Expressways BHD	28,700		22,570
PPB Group BHD	9,200		22,995
Public Bank BHD	20,000		58,172
Resorts World BHD	74,700		55,648

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

179

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Malaysia (continued)
RHB Capital BHD	5,900	$	6,905
Sime Darby BHD	53,546		103,510
SP Setia BHD	14,100		12,802
Tanjong PLC	4,300		16,448
Telekom Malaysia, BHD	19,600		18,818
Tenaga Nasional BHD	24,600		49,070
TM International Bhd *	19,600		32,098
UEM World BHD *	13,200		9,209
UMW Holdings BHD	9,800		16,594
YTL Corp. BHD	15,900		29,109
YTL Power International BHD	57,137		29,490
			1,336,268
Mexico - 1.01%
Alfa SA de CV	6,702		30,150
America Movil SA de CV	362,519		840,624
Axtel SAB de CV, ADR *	11,700		10,698
Banco Compartamos SA de CV	4,600		13,039
Carso Global Telecom SAB de CV *	16,400		83,976
Cemex SA de CV *	149,370		258,135
Coca-Cola Femsa SA de CV	5,853		29,756
Controladora Comercial Mexicana SA de CV	6,929		15,998
Corp. GEO SA de CV, Series B *	9,052		20,659
Desarrolladora Homex SA de CV *	2,800		20,792
Empresas ICA Sociedad
Controladora SA de CV *	11,400		33,148
Fomento Economico Mexicano SA de CV	44,355		169,649
Grupo Aeroportuario del Pacifico SA de CV,
B Shares	9,100		23,098
Grupo Bimbo SA de CV	6,258		39,368
Grupo Carso SA de CV	11,588		44,290
Grupo Elektra SA de CV	1,900		66,017
Grupo Financiero Banorte SA de CV	27,375		87,358
Grupo Financiero Inbursa SA de CV	24,700		84,919
Grupo Mexico SA	134,941		141,894
Grupo Modelo SA	10,217		43,441
Grupo Televisa SA	53,683		236,251
Industrias Penoles SA de CV	2,598		31,690
Kimberly-Clark de Mexico SA de CV	10,200		44,301
Telefonos de Mexico SA de CV	131,466		168,292
Telmex Internacional SAB de CV *	131,466		86,550
Urbi Desarrollos Urbanos SA de CV *	13,300		31,047
Wal-Mart de Mexico SA de CV, Series V	65,079		227,909
			2,883,049
Netherlands - 1.78%
Aegon NV	29,630		262,146
Akzo Nobel NV	5,306		254,734
ASML Holding NV	7,948		138,904
Corio NV	751		53,357
DSM NV	2,906		137,453
Fugro NV	1,001		59,112
Heineken Holding NV	2,216		86,997
Heineken NV	4,751		190,882
ING Groep NV	38,340		821,924
Koninklijke (Royal) KPN NV	37,659		543,869
Koninklijke (Royal) Philips Electronics NV	22,389		607,471
Koninklijke Ahold NV	24,509		283,121

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Netherlands (continued)
Randstad Holdings NV	1,985	$	52,195
Reed Elsevier NV	12,106		179,592
SBM Offshore NV	2,797		59,879
SNS Reaal	2,627		29,980
TNT Post Group NV	7,795		215,974
TomTom NV *	994		18,281
Unilever NV	34,416		968,772
Wolters Kluwer NV	5,637		114,252
			5,078,895
New Zealand - 0.07%
Auckland International Airport, Ltd.	18,756		24,647
Contact Energy, Ltd.	5,539		29,324
Fletcher Building, Ltd.	9,717		43,898
Sky City Entertainment Group, Ltd.	8,831		21,931
Telecom Corp. of New Zealand, Ltd.	37,849		70,016
			189,816
Norway - 0.58%
Acergy SA	3,939		39,820
Aker Kvaerner ASA	3,351		54,264
Den Norske Bank ASA	15,199		117,911
Lighthouse Caledonia ASA *	452		301
Norsk Hydro ASA	14,691		99,388
Orkla ASA	16,961		156,082
Petroleum Geo-Services ASA *	3,465		45,788
ProSafe ASA *	3,700		20,253
Prosafe Production Public, Ltd. *	3,700		8,817
Renewable Energy Corp. ASA *	3,597		66,676
Statoil ASA	26,208		622,789
Storebrand ASA	9,741		57,895
Telenor ASA	17,209		214,294
Yara International ASA	4,091		145,598
			1,649,876
Peru - 0.10%
Cia de Minas Buenaventura SA	3,946		93,143
Credicorp SA	1,069		63,552
Credicorp, Ltd., ADR	76		4,731
Minsur SA	8,301		15,976
Southern Peru Copper Corp.	5,853		112,963
Volcan Compania Minera SA, CMN Series B	11,085		8,548
			298,913
Philippines - 0.09%
Ayala Corp.	3,369		21,337
Ayala Land, Inc.	117,600		23,681
Banco De Oro	8,500		7,067
Bank of the Philippine Islands	29,472		29,099
Filinvest Land, Inc.	112,500		1,560
Globe Telecommunications, Inc.	600		13,253
International Container Terminal Services, Inc.	19,722		10,991
Jollibee Foods Corp.	8,000		8,676
Manila Electric Company	4,840		6,261
Megaworld Corp.	189,000		5,879
Metropolitan Bank & Trust Company	12,400		9,014
Philippine Long Distance Telephone Company	1,250		71,958
PNOC Energy Development Corp.	125,199		10,905

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

180

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Philippines (continued)
SM Investments Corp.	3,138	$	17,584
SM Prime Holdings, Ltd.	98,916		17,805
			255,070
Poland - 0.35%
Agora SA	895		10,246
Bank BPH SA *	182		5,284
Bank Millennium SA	6,188		16,382
Bank Pekao SA	2,977		214,881
Bank Zachodni WBK SA	469		30,200
Bioton SA *	22,883		4,449
Boryszew SA *	430		546
BRE Bank SA *	190		25,063
Cersanit-Krasnystaw SA *	1,513		10,498
Computerland SA *	64		611
Debica SA	118		3,395
Echo Investment SA *	4,850		8,249
Getin Holding SA *	3,666		13,938
Globe Trade Centre SA *	2,583		23,733
Grupa Lotos SA *	517		5,837
KGHM Polska Miedz SA	2,559		54,203
Orbis SA	558		12,473
PBG SA *	188		18,220
Polimex Mostostal SA	9,197		17,470
Polish Oil & Gas Company	25,256		34,831
Polski Koncern Naftowy Orlen SA	6,838		98,726
Powszechna Kasa Oszczednosci Bank
Polski SA	10,649		195,174
Softbank SA	805		20,927
Telekomunikacja Polska SA	14,928		142,390
TVN SA	3,361		25,282
			993,008
Portugal - 0.21%
Banco BPI SA	7,075		22,004
Banco Comercial dos Acores SA	47,173		77,170
Banco Espirito Santo SA	4,938		61,229
Brisa Auto Estrada, SA	6,589		65,538
Cimpor-Cimentos De Portugal SA	4,621		29,623
Electricidade de Portugal SA	34,523		144,887
Portugal Telecom, SGPS, SA	15,439		155,256
PT Multimedia.com, SGPS, SA	5,175		38,268
Sonae, SGPS, SA	15,740		12,105
			606,080
Russia - 1.42%
Comstar United Telesystems, GDR *	4,472		22,360
Federal Grid Company Unified Energy
System JSC *	1,087		208,870
JSC MMC Norilsk Nickel, ADR	17,370		237,448
Lukoil Oil Company, ADR	10,185		598,878
Mechel Steel Group, ADR	3,439		61,764
Mobile Telesystems, SADR	4,139		231,825
NovaTek OAO, ADR	1,671		76,239
Novolipetsk Steel, ADR	1,822		33,834
OAO Gazprom, SADR	51,541		1,595,194
Polyus Gold Company ZAO, SADR	3,254		40,675
Rostelecom, ADR (a)	1,268		55,209

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Russia (continued)
Sberbank, ADR	1,600	$	246,400
Sberbank	209		56,071
Severstal, ADR	4,250		44,200
Sibirtelecom, ADR	1,436		8,329
Sistema JSFC, Reg. S, Spons. GDR	2,267		37,524
Surgutneftegaz, ADR	15,310		78,846
Tatneft, ADR	1,397		98,908
UralsvyAzinform, ADR	1,226		4,217
Vimpel-Communications, SADR	9,590		194,677
VolgaTelecom, ADR	636		1,972
VTB Bank OJSC, GDR	18,195		74,856
Wimm-Bill-Dann Foods OJSC, ADR *	426		30,246
			4,038,542
Singapore - 0.84%
Ascendas, REIT *	21,469		28,361
Capitacommercial *	21,000		19,526
Capitaland, Ltd.	38,275		83,431
CapitaMall Trust *	28,658		45,701
Chartered Semiconductor Manufacturing, Ltd. *	570		153
City Developments, Ltd.	10,285		64,313
ComfortDelGro Corp., Ltd.	37,731		39,721
Cosco Corp. Singapore, Ltd.	16,000		17,172
DBS Group Holdings, Ltd.	23,684		282,248
Fraser and Neave, Ltd. (a)	22,900		57,438
Genting International PLC *	48,000		15,397
Golden Agri-Resources, Ltd.	100,000		22,296
Jardine Cycle and Carriage, Ltd.	3,623		39,853
Keppel Corp., Ltd.	26,980		149,086
Keppel Land, Ltd.	7,876		15,731
Neptune Orient Lines, Ltd.	8,638		11,016
Olam International, Ltd.	30,300		38,645
Oversea-Chinese Banking Corp., Ltd.	51,752		261,296
Parkway Holdings, Ltd.	17,935		23,758
SembCorp Industries, Ltd.	18,604		42,620
SembCorp Marine, Ltd.	17,293		36,764
Singapore Airlines, Ltd.	11,260		113,117
Singapore Exchange, Ltd.	16,399		71,437
Singapore Press Holdings, Ltd.	31,441		87,720
Singapore Technologies Engineering, Ltd.	27,798		52,789
Singapore Telecommunications, Ltd.	165,410		378,083
Suntec Real Estate Investment Trust *	809		661
United Overseas Bank, Ltd.	25,037		299,313
United Overseas Land, Ltd.	10,531		18,625
Venture Corp., Ltd.	6,466		35,178
Wilmar International, Ltd.	20,000		35,468
Yanlord Land Group, Ltd.	9,000		5,904
			2,392,821
South Africa - 1.39%
ABSA Group, Ltd.	6,936		91,928
Adcock Ingram Holdings, Ltd. *	3,408		13,864
African Bank Investments, Ltd.	19,866		61,349
African Rainbow Minerals, Ltd.	2,722		52,291
Anglo Platinum, Ltd.	1,464		133,498
AngloGold Ashanti, Ltd.	7,162		166,384
Aspen Pharmacare Holdings, Ltd. *	7,735		40,140

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

181

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Aveng, Ltd.	7,164	$	54,710
Barloworld, Ltd.	4,271		33,466
Bidvest Group, Ltd. *	6,303		80,651
FirstRand, Ltd.	58,511		120,481
Foschini, Ltd.	3,862		18,707
Gold Fields, Ltd.	12,849		123,999
Harmony Gold Mining Company, Ltd. *	7,164		70,136
Hulamin, Ltd.	73		151
Impala Platinum Holdings, Ltd.	11,348		231,663
Imperial Holdings, Ltd.	3,712		26,660
Investec, Ltd.	3,548		20,759
Kumba Iron Ore, Ltd.	1,637		38,183
Kumba Resources, Ltd.	3,584		37,584
Liberty Group, Ltd.	2,285		18,739
Massmart Holdings, Ltd.	4,162		38,102
Mittal Steel South Africa, Ltd.	4,327		87,320
MTN Group, Ltd.	31,372		442,674
Murray & Roberts Holdings, Ltd.	7,400		86,915
Naspers, Ltd.	8,527		168,420
Nedbank Group, Ltd.	4,305		54,510
Network Healthcare Holdings, Ltd. *	23,875		24,033
Northam Platinum, Ltd.	3,801		20,956
Pick'n Pay Stores, Ltd.	7,690		27,760
Pretoria Portland Cement Company, Ltd.	11,048		42,130
Remgro, Ltd.	9,250		214,064
Reunert, Ltd.	3,548		24,991
RMB Holdings, Ltd.	17,584		56,380
Sanlam, Ltd.	46,616		100,352
Sappi, Ltd.	5,108		50,126
Sasol, Ltd.	12,431		530,564
Shoprite Holdings, Ltd.	9,221		52,432
Standard Bank Group, Ltd.	24,453		281,063
Steinhoff International Holdings, Ltd. *	20,743		39,851
Telkom SA, Ltd.	6,099		78,037
Tiger Brands, Ltd.	3,408		57,088
Truworths International, Ltd.	9,550		34,004
Woolworths Holdings, Ltd.	15,999		22,865
			3,969,980
South Korea - 2.40%
Amorepacific Corp.	90		48,664
Asiana Airlines	566		2,126
Cheil Industries, Inc.	1,160		50,957
CJ CheilJedang Corp. *	195		31,707
Daegu Bank	2,740		24,473
Daelim Industrial Company	580		36,034
Daewoo Engineering & Construction
Company, Ltd.	4,411		50,987
Daewoo International Corp.	1,020		26,827
Daewoo Securities Company, Ltd.	2,380		35,068
Daewoo Shipbuilding & Marine Engineering
Company, Ltd.	2,010		50,737
DC Chemical Company, Ltd.	270		74,236
Dongbu Insurance Company, Ltd.	800		18,502
Dongkuk Steel Mill Company, Ltd.	760		23,471
Doosan Corp. *	260		26,163

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
Doosan Heavy Industries and Construction
Company, Ltd.	670	$	50,045
Doosan Infracore Company, Ltd.	1,610		26,448
GS Engineering & Construction Corp.	750		60,567
GS Holdings Corp.	1,340		34,469
Hana Financial Group, Inc.	2,890		67,965
Hanjin Heavy Industries & Construction
Company, Ltd.	657		19,678
Hanjin Shipping Company, Ltd.	1,520		35,388
Hankook Tire Company, Ltd.	2,050		28,764
Hanwha Chem Corp.	1,452		13,458
Hanwha Corp.	970		37,013
Hite Holdings Company, Ltd.	206		4,950
Hite Holdings Company, Ltd. *	163		29,711
Honam Petrochemical Corp.	270		15,560
Hynix Semiconductor, Inc. *	6,980		115,662
Hyosung Corp.	460		24,362
Hyundai Department Store Company, Ltd.	320		24,882
Hyundai Development Company	1,320		49,306
Hyundai Engineering & Construction
Company, Ltd.	1,170		70,183
Hyundai Heavy Industries	870		201,408
Hyundai Mipo Dockyard	300		43,935
Hyundai Mobis	1,140		88,305
Hyundai Motor Company, Ltd.	3,190		199,628
Hyundai Securities Company, Ltd.	2,994		30,349
Hyundai Steel Company	1,080		54,185
Industrial Bank of Korea	4,450		53,838
Kangwon Land, Inc.	2,790		34,074
KCC Corp.	140		43,671
Kia Motors Corp. *	3,770		47,153
Kookmin Bank	6,380		266,490
Korea Electric Power Corp., ADR	744		9,218
Korea Electric Power Corp.	4,950		124,569
Korea Exchange Bank	5,560		51,637
Korea Gas Corp.	630		36,302
Korea Investment Holdings Company, Ltd.	860		23,524
Korea Line Corp.	180		23,499
Korea Zinc Company, Ltd.	260		21,030
Korean Air Lines Company, Ltd.	717		22,822
Korean Reinsurance Company, Ltd.	24		189
KT Corp., SADR	266		4,466
KT Corp.	2,650		91,504
KT Freetel Company, Ltd. *	1,520		37,668
KT&G Corp.	2,420		180,622
Kumho Industrial Company, Ltd.	700		13,658
LG Chem, Ltd.	1,109		87,013
LG Corp.	1,910		99,456
LG Dacom Corp.	700		12,433
LG Electronics, Inc.	1,910		176,730
LG Household & Health Care, Ltd.	240		40,137
LG Philips LCD Company, Ltd., ADR	57		724
LG Philips LCD Company, Ltd.	3,600		91,692
LG Telecom, Ltd.	2,476		20,662
Lotte Confectionery Company, Ltd.	20		17,203
Lotte Shopping Company, Ltd.	250		56,876
LS Cable, Ltd.	370		25,075

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

182

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Mirae Asset Securities Company, Ltd.	440	$	38,758
NHN Corp. *	804		103,131
POSCO	1,280		480,179
Pusan Bank	2,410		21,770
Samsung Card Company, Ltd.	660		22,514
Samsung Corp.	2,720		120,547
Samsung Electro-Mechanics Company, Ltd.	1,260		40,190
Samsung Electronics Company, Ltd.	2,290		1,049,400
Samsung Engineering Company, Ltd.	630		39,240
Samsung Fire & Marine
Insurance Company, Ltd.	830		145,296
Samsung Heavy Industries Company, Ltd.	3,520		93,728
Samsung SDI Company, Ltd. *	680		49,676
Samsung Securities Company, Ltd. (a)	1,310		82,832
Samsung Techwin Company, Ltd.	1,140		25,289
Shinhan Financial Group Company, Ltd.,
SADR	175		12,470
Shinhan Financial Group Company, Ltd.	6,960		249,012
Shinsegae Company, Ltd.	290		136,875
SK Corp.	762		70,955
SK Energy Company, Ltd.	1,337		101,301
SK Networks Company, Ltd. *	2,070		20,930
SK Telecom Company, Ltd., ADR	657		12,365
SK Telecom Company, Ltd.	800		136,938
S-Oil Corp.	880		50,688
STX Pan Ocean Company, Ltd.	25,400		38,893
STX Shipbuilding Company, Ltd.	910		17,731
Taihan Electric Wire Company, Ltd.	400		10,013
Tong Yang Investment Bank	1,987		14,554
Woongjin Coway Company, Ltd.	990		24,989
Woori Finance Holdings Company, Ltd.	5,630		57,802
Woori Investment & Securities Company, Ltd.	1,740		27,235
			6,835,409
Spain - 2.89%
Abertis Infraestructuras SA	5,088		100,148
Acciona SA	525		80,015
Acerinox SA	2,737		49,025
ACS Actividades SA	3,990		161,534
Banco Bilbao Vizcaya Argentaria SA	71,555		1,157,096
Banco de Sabadell SA	18,449		143,387
Banco Popular Espanol SA	16,136		192,204
Banco Santander Central Hispano SA	125,689		1,884,621
Bankinter SA, ADR	5,302		66,647
Cintra Concesiones de Infraestructuras de
Transporte SA	3,941		46,318
Corporacion Mapfre SA	8,536		37,314
Criteria Caixacorp SA	11,675		56,133
Enagas	2,918		62,923
Fomento de Construcciones SA	777		35,101
Gamesa Corporacion Tecnologica SA	3,163		108,371
Gas Natural SDG SA	2,082		77,281
Gestevision Telecinco SA	1,724		17,620
Grifols SA	2,569		65,641
Grupo Ferrovial SA	1,077		49,509
Iberdrola Renovables *	15,068		65,840
Iberdrola SA	70,250		713,667

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain (continued)
Iberia Lineas Aereas de Espana SA	7,171	$	17,455
Indra Sistemas SA	1,851		44,109
Industria de Diseno Textil SA	4,124		174,502
Promotora de Informaciones SA	955		6,449
Red Electrica De Espana	1,965		100,061
Repsol YPF SA	15,394		456,215
Sacyr Vallehermoso SA	1,346		22,338
Telefonica SA	86,338		2,052,907
Union Fenosa SA	6,015		147,054
Zardoya Otis SA	2,133		46,563
			8,238,048
Sweden - 1.44%
Alfa Laval AB	7,668		79,349
Assa Abloy AB, Series B	6,301		76,302
Atlas Copco AB, Series A, ADR	13,021		147,931
Atlas Copco AB, Series B, ADR	7,502		75,798
Boliden AB	6,000		25,233
Electrolux AB, Series B	4,999		58,483
Ericsson LM, Series B	57,750		548,439
Getinge AB, Series B	3,331		68,657
Hennes & Mauritz AB, B shares	10,268		420,431
Holmen AB, Series B	1,129		36,736
Husqvarna AB, B Shares	5,579		41,963
Investor AB, B shares	9,200		172,278
Lundin Petroleum AB, Series A *	4,812		40,205
Modern Times Group AB, Series B	1,026		36,960
Nordea Bank AB	40,698		485,891
Sandvik AB	18,479		195,770
Scania AB, Series B	7,348		90,499
Securitas AB, Series B	6,101		68,721
Skandinaviska Enskilda Banken AB, Series A	9,333		145,569
Skanska AB, Series B	7,341		83,557
SKF AB, B Shares	8,048		102,816
SSAB Svenskt Stal AB, Series A	3,427		54,494
SSAB Svenskt Stal AB, Series B	1,557		21,512
Svenska Cellulosa AB, ADR	10,924		115,722
Svenska Handelsbanken AB, Series A	9,561		214,130
Swedbank AB, A shares	7,300		95,437
Swedish Match AB	5,347		93,468
Tele2 AB, Series B	6,023		68,737
Teliasonera AB	43,557		247,535
Volvo AB, Series A	707		6,000
Volvo AB, Series B	21,180		191,352
			4,109,975
Switzerland - 5.91%
ABB, Ltd. *	47,800		926,288
Actelion, Ltd. *	2,233		115,063
Adecco SA	2,791		121,245
Aryzta AG *	1,716		69,452
Baloise Holding AG	1,151		78,584
Compagnie Financiere
Richemont AG, Series A	11,341		501,084
Credit Suisse Group AG	22,729		1,061,489
EFG International, ADR	1,265		36,522
Geberit AG, ADR	909		111,478

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

183

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Switzerland (continued)
Givaudan AG	150	$	125,288
Holcim, Ltd.	4,523		331,497
Julius Baer Holding AG	4,477		222,643
Kuehne & Nagel International AG	1,143		76,264
Lindt & Spruengli AG, ADR	21		51,203
Logitech International SA *	3,932		89,755
Lonza Group AG	1,045		131,117
Nestle SA	85,396		3,690,602
Nobel Biocare Holding AG, Series BR	2,759		92,285
Novartis AG	51,690		2,721,454
Pargesa Holding SA, ADR	656		56,458
Phonak Holding AG	1,095		71,391
Roche Holdings AG - Genusschein	15,263		2,389,298
Schindler Holding AG	1,198		72,117
Societe Generale de Surveillance Holdings AG	99		116,514
Straumann Holding AG	208		57,631
Sulzer AG	630		67,030
Swatch Group AG, BR shares	675		124,595
Swatch Group AG	1,299		43,526
Swiss Life Holding *	770		111,792
Swiss Re	7,463		414,237
Swisscom AG	510		151,988
Syngenta AG	2,186		460,992
Synthes AG	1,259		174,173
UBS AG *	63,851		1,091,369
Unaxis Holding AG *	164		32,485
Zurich Financial Services AG	3,162		875,623
			16,864,532
Taiwan - 1.72%
Acer Sertek, Inc.	45,329		77,182
Advanced Semiconductor Engineering, Inc.	79,555		40,545
Advantech Company, Ltd.	6,509		12,554
Asia Cement Corp.	33,920		30,176
Asia Optical Company, Inc.	3,059		4,152
Asustek Computer, Inc.	68,109		134,797
AU Optronics Corp.	126,366		142,928
BenQ Corp.	25,272		9,692
Catcher Technology Company, Ltd. *	10,400		33,408
Cathay Financial Holdings Company, Ltd.	111,300		153,688
Cathay Real Estate Development
Company, Ltd.	14,000		3,947
Chang Hwa Commercial Bank, Ltd.	77,000		39,307
Cheng Shin Rubber Industry Company, Ltd.	15,996		19,198
Cheng Uei Precision Industry Company, Ltd.	6,615		11,726
Chi Mei Optoelectronics Corp.	87,192		57,410
China Airlines, Ltd. *	18,537		4,023
China Development Financial Holdings Corp.	177,366		53,778
China Motor Company, Ltd.	8,040		2,716
China Steel Corp.	169,774		169,682
Chinatrust Finance Holding Company, Ltd.	153,421		84,193
Chunghwa Picture Tubes, Ltd.	123,000		19,565
Chunghwa Telecom Company, Ltd. *	89,636		210,863
CMC Magnetics Corp. *	52,000		10,420
Compal Communications, Inc.	3,307		3,593
Compal Electronics, Inc.	64,616		47,330
Delta Electronics, Inc.	29,937		78,419

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
D-Link Corp.	10,820	$	9,356
E.Sun Financial Holding Company, Ltd.	55,120		14,894
Epistar Corp.	7,828		10,623
Eternal Chemical Company, Ltd.	11,088		6,631
EVA Airways Corp. *	19,000		4,830
Evergreen Marine Corp.	22,000		10,044
Everlight Electronics Company, Ltd.	4,079		8,547
Far Eastern Department Stores Company, Ltd.	13,650		8,994
Far Eastern Textile, Ltd.	53,580		37,933
Far EasTone Telecommunications Company,
Ltd.	12,927		16,568
Firich Enterprises Company, Ltd.	1,352		3,868
First Financial Holding Company, Ltd.	85,675		53,649
Formosa Chemicals & Fibre Corp.	56,000		97,182
Formosa Petrochemical Corp.	24,000		55,783
Formosa Plastic Corp.	81,000		131,585
Formosa Taffeta Company, Ltd.	16,000		10,313
Foxconn Technology Company, Ltd.	8,855		28,973
Fubon Group Company, Ltd.	69,000		49,931
Fuhwa Financial Holdings Company, Ltd.	112,060		62,014
HannStar Display Corp.	85,449		18,966
High Tech Computer Corp.	11,830		183,617
Hon Hai Precision Industry Company, Ltd.	114,788		411,136
Hua Nan Financial Holdings Company, Ltd.	70,380		43,762
InnoLux Display Corp.	31,364		42,053
Inotera Memories, Inc. *	58,300		17,558
Inventec Appliances Corp.	3,464		3,976
Inventec Company, Ltd.	28,665		14,080
KGI Securities Company, Ltd.	44,000		16,977
Kinsus Interconnect Technology Corp.	4,422		6,192
Largan Precision Company, Ltd.	2,080		21,818
Lite-On Technology Corp.	36,123		31,558
Macronix International Company, Ltd.	53,441		15,675
MediaTek, Inc.	15,907		164,946
Mega Financial Holding Company, Ltd.	151,000		69,242
Mitac International	25,319		12,285
Mosel Vitelic, Inc. *	17,510		6,765
Motech Industries, Inc.	2,909		13,103
Nan Ya Plastics Corp.	100,000		148,178
Nan Ya Printed Circuit Board Corp.	3,079		9,614
Nanya Technology Corp. *	54,168		12,638
Novatek Microelectronics Corp., Ltd.	8,236		12,299
Pan-International Industrial Company, Ltd.	5,250		6,248
Polaris Securities Company, Ltd.	36,150		14,374
Pou Chen Corp.	41,508		25,669
Powerchip Semiconductor Corp. *	140,613		21,661
Powertech Technology, Inc.	8,855		19,693
President Chain Store Corp.	9,000		26,531
ProMOS Technologies, Inc. *	109,000		11,324
Quanta Computer, Inc.	39,840		49,899
Realtek Semiconductor Corp.	8,032		13,672
Richtek Technology Corp.	1,100		5,954
Shin Kong Financial Holding Company, Ltd.	72,986		25,220
Siliconware Precision Industries Company	52,426		59,620
Sino-American Silicon Products, Inc.	3,261		10,492
SinoPac Holdings Company, Ltd.	126,000		35,198

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

184

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Synnex Technology International Corp.	16,170	$	25,346
Taishin Financial Holdings Company, Ltd.	87,000		17,211
Taiwan Cellular Corp.	37,242		59,694
Taiwan Cement Corp.	46,005		27,495
Taiwan Cooperative Bank	27,600		15,362
Taiwan Fertilizer Company, Ltd.	12,000		22,414
Taiwan Glass Industrial Corp.	17,236		9,886
Taiwan Secom Company, Ltd.	4,000		5,776
Taiwan Semiconductor
Manufacturing Company, Ltd.	425,136		712,966
Tatung Company, Ltd. *	73,000		15,935
Teco Electric & Machinery Company, Ltd.	32,000		11,228
Transcend Information, Inc.	4,198		6,806
Tripod Technology Corp.	7,250		13,919
Tung Ho Steel Enterprise Corp.	12,000		10,055
U-Ming Marine Transport Corp.	9,000		12,971
Unimicron Technology Corp.	15,453		12,484
Uni-President Enterprises Corp.	47,439		42,817
United Microelectronics Corp.	254,259		81,897
Vanguard International Semiconductor Corp.	17,254		6,385
Via Technologies, Inc. *	19,000		8,307
Wafer Works Corp.	3,090		6,531
Walsin Lihwa Corp.	57,000		15,495
Wan Hai Lines, Ltd.	25,200		11,312
Winbond Electronics Corp. *	60,000		7,362
Wintek Corp.	21,000		8,422
Wistron Corp.	21,127		26,252
Ya Hsin Industrial Company, Ltd. *	14,000		0
Yageo Corp.	45,000		9,106
Yang Ming Marine Transport Corp.	25,500		8,903
Yulon Motor Company, Ltd.	14,419		7,950
Zinwell Corp.	4,723		6,701
			4,905,991
Thailand - 0.23%
Advanced Info Service PCL	16,300		38,752
Airports of Thailand PLC	8,000		7,324
Bangkok Bank PCL, Foreign Shares	19,400		59,438
Bangkok Bank PCL	11,000		33,601
Bangkok Expressway PCL	4,000		1,866
Bank of Ayudhya PCL	69,800		33,941
Banpu PCL - Foreign Shares	2,700		24,188
BEC World PCL	13,900		8,744
C.P. Seven Eleven PCL	41,305		13,175
IRPC PCL	149,200		17,890
Kasikornbank PCL - Foreign Shares	32,300		61,179
Kasikornbank PCL	10,200		19,005
Krung Thai Bank PCL	52,000		9,291
Land & Houses PCL, Foreign Shares	81,600		15,485
PTT Exploration & Production PCL	21,300		79,891
PTT PCL - Foreign Shares	15,600		105,044
Ratchaburi Electricity Generating Holding PCL	6,900		7,132
Siam Cement PCL - Foreign Shares	8,800		35,086
Siam Cement PCL	2,700		10,281
Siam Commercial Bank PCL	15,900		32,166
Thai Oil Public Company, Ltd.	23,400		28,680
			642,159

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Turkey - 0.33%
Adana Cimento Sanayii Turk Anonim Sirketi,
Class A	686	$	2,072
Akbank AS	19,097		97,768
Aksigorta AS	2,477		8,437
Anadolu Efes Biracilik Ve Malt Sanayii AS	4,480		46,007
Arcelik AS (a)	2,015		5,633
Asya Katilim Bankasi AS *	3,663		5,635
Aygaz AS *	898		1,672
BIM Birlesik Magazalar AS	1,036		32,137
Cimsa Cimento Sanayi ve Ticaret AS	485		1,867
Dogan Sirketler Grubu Holdings AS *	10,506		12,175
Dogan Yayin Holding AS *	4,344		5,023
Enka Insaat ve Sanayi AS	5,737		38,749
Eregli Demir ve Celik Fabrikalari TAS	14,705		73,961
Ford Otomotiv Sanayi AS	1,415		7,656
HACI Omer Sabanci Holdings, AS	8,960		33,692
Is Gayrimenkul Yatirim Ortakligi AS	3,116		2,174
KOC Holdings AS *	8,032		24,300
Migros Turk TAS	1,956		33,644
Petkim Petrokimya Holding AS *	1,258		4,284
Tekfen Holding AS	3,847		21,667
Tofas Turk Otomobil Fabrik AS	2,534		5,246
Tupras Turkiye Petrol Rafine AS	2,491		45,441
Turk Sise ve Cam Fabrikalari AS *	6,703		8,196
Turk Telekomunikasyon AS *	13,386		40,279
Turkcell Iletisim Hizmetleri AS	14,745		90,004
Turkiye Garanti Bankasi AS *	44,326		104,906
Turkiye Halk Bankasi AS	6,564		29,256
Turkiye Is Bankasi AS	19,142		79,385
Turkiye Vakiflar Bankasi Tao (a)	21,422		35,053
Ulker Gida Sanayi ve Ticaret AS	1,254		2,630
Yapi ve Kredi Bankasi AS *	14,883		31,240
			930,189
United Kingdom - 15.39%
3i Group PLC	8,193		103,738
Alliance & Leicester PLC	9,194		44,825
AMEC PLC	6,776		77,723
Anglo American PLC	26,914		909,146
Antofagasta PLC	7,925		57,569
Associated British Foods PLC	7,159		90,846
AstraZeneca Group PLC	29,906		1,308,671
Astro All Asia Networks PLC, GDR	9,300		8,203
Aviva PLC	54,498		474,036
BAE Systems PLC	73,097		538,866
Barclays PLC	167,529		995,363
Berkeley Group Holdings PLC *	1,880		25,689
BG Group PLC	68,601		1,244,151
BHP Billiton PLC	45,288		1,025,963
BICC PLC	8,190		44,500
BP PLC	385,762		3,212,739
British Airways PLC	12,413		37,870
British American Tobacco PLC	31,229		1,019,542
British Energy Group PLC	20,979		285,079
British Land Company PLC	9,665		130,368
British Sky Broadcasting Group PLC	23,152		172,249
BT Group PLC	158,206		458,647

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

185

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Bunzl PLC	7,877	$	92,669
Burberry Group PLC	9,393		66,418
Cable & Wireless PLC	55,769		165,615
Cadbury PLC	26,982		272,894
Cairn Energy PLC *	2,629		98,126
Capita Group PLC	12,348		153,679
Carnival PLC	3,757		111,978
Carphone Warehouse	7,329		22,635
Cattles PLC	156		217
Centrica PLC	78,275		440,434
Cobham PLC	23,746		80,719
Compass Group PLC	41,036		254,506
Daily Mail and General Trust PLC	5,636		32,526
Diageo PLC	52,995		904,066
Enterprise Inns PLC	12,057		38,933
Eurasian Natural Resources Corp.	7,154		65,145
FirstGroup PLC	10,783		102,943
Friends Provident Ethical Investment
Trust PLC	53,310		90,670
GKN PLC	14,532		51,615
GlaxoSmithKline PLC	111,931		2,424,727
Group 4 Securicor PLC	23,995		86,771
Hammerson PLC	5,658		99,750
Hays PLC	26,991		39,083
HBOS PLC	83,156		188,662
Home Retail Group	18,174		76,590
HSBC Holdings PLC	249,790		4,041,168
ICAP PLC	10,726		69,183
IMI PLC	6,290		42,440
Imperial Tobacco Group PLC	27,471		881,840
Inchcape PLC	9,687		32,722
Intercontinental Hotels Group PLC	6,302		78,081
International Power PLC	30,830		199,491
Invensys PLC *	14,966		55,609
Investec PLC	8,372		45,744
ITV PLC	56,470		42,407
J Sainsbury PLC	22,011		138,044
Johnson Matthey PLC	4,456		108,402
Kazakhmys PLC	4,114		43,205
Kingfisher PLC	47,331		112,835
Ladbrokes PLC	13,201		44,579
Land Securities Group PLC	10,081		227,685
Legal & General Group PLC	136,644		246,606
Liberty International PLC	4,993		86,338
Lloyds TSB Group PLC	116,867		469,606
Logica PLC	32,031		62,669
London Stock Exchange Group PLC	3,199		50,655
Lonmin PLC, ADR	3,141		128,464
Man Group PLC, ADR	36,131		220,792
Marks & Spencer Group PLC	34,181		124,852
Meggitt PLC	12,262		41,260
Mitchells & Butlers PLC	6,359		25,211
Mondi PLC	7,192		33,566
National Express Group PLC	2,707		39,144
National Grid PLC	51,660		655,726
Next Group PLC	4,029		74,288

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Old Mutual PLC	105,248	$	147,318
Pearson PLC	17,730		192,082
Persimmon PLC	6,069		44,159
Pharmstandard *	1,918		33,277
PIK Group	2,449		12,866
Prudential PLC	51,938		473,568
Punch Taverns PLC	5,255		12,852
Reckitt Benckiser PLC	12,813		621,237
Reed Elsevier PLC	22,507		224,119
Rentokil Initial PLC	38,651		47,954
Rexam PLC	13,152		93,443
Rio Tinto PLC	20,433		1,282,361
Rolls-Royce Group PLC *	39,163		237,131
Royal & Sun Alliance PLC	72,069		192,686
Royal Bank of Scotland Group PLC	340,569		1,098,647
Royal Dutch Shell PLC, A Shares	72,862		2,104,285
Royal Dutch Shell PLC, B Shares	56,533		1,588,172
SABMiller PLC	18,070		352,811
Schroders PLC	2,213		40,825
Scottish & Southern Energy PLC	18,105		460,696
Segro PLC, REIT	8,069		60,837
Serco Group PLC	9,191		59,942
Severn Trent PLC	4,464		108,317
Shire, Ltd.	11,240		177,740
Smith & Nephew PLC	19,877		209,930
Smiths Group PLC	7,800		141,440
Stagecoach Group PLC	10,287		46,749
Standard Chartered PLC	29,061		715,062
Standard Life PLC	43,276		188,661
Tate & Lyle PLC	10,137		69,641
Taylor Woodrow PLC	21,706		14,063
Tesco PLC	161,628		1,124,120
The Sage Group PLC	26,835		93,993
Thomas Cook Group PLC	10,654		42,274
Thomson Reuters PLC *	4,061		90,743
Tomkins PLC	17,423		48,647
TUI Travel PLC	12,323		47,650
Tullow Oil PLC	15,600		199,451
Unilever PLC	27,479		747,177
United Business Media, Ltd.	5,413		47,682
United Utilities Group PLC *	14,021		174,000
Vedanta Resources PLC	2,893		60,638
Vodafone Group PLC	1,125,285		2,485,113
Whitbread PLC	4,333		81,954
William Hill PLC	6,607		27,860
William Morrison Supermarket PLC	48,917		227,484
Wolseley PLC	13,546		102,388
WPP Group PLC	22,951		185,641
Xstrata PLC	13,054		406,823
			43,896,275
United States - 0.04%
KB Financial Group, Inc. *	554		25,312
SNC-Lavalin Group, Inc.	2,787		100,770
			126,082
TOTAL COMMON STOCKS (Cost $304,403,904)		$	270,060,916

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

186

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust A (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS - 1.67%
Brazil - 1.40%
Aracruz Celulose SA (i)	6,600	$	23,342
Banco Bradesco SA (i)	25,372		412,533
Banco do Estado do Rio Grande do Sul (i)	3,653		12,478
Banco Itau Holding Financeira SA (i)	25,750		431,670
Bradespar SA * (i)	5,000		70,156
Brasil Telecom Participacoes SA (i)	2,500		24,568
Brasil Telecom SA (i)	3,515		29,075
Braskem SA, A Shares (i)	2,500		13,361
Centrais Eletricas Brasileiras SA * (i)	3,900		49,291
Cia Brasileira de Distribuicao Grupo Pao de
Acucar (i)	1,800		31,216
Cia de Bebidas das Americas (i)	2,910		160,571
Cia Energetica de Minas Gerais (i)	5,871		116,007
Cia Energetica de Sao Paulo * (i)	3,018		26,169
Cia Paranaense de Energia * (i)	2,500		34,684
Cia Vale do Rio Doce (i)	34,668		595,927
Companhia de Bebidas das Americas, ADR * (i)	752		41,067
Duratex SA (i)	1,600		18,919
Eletropaulo Metropolitana de Sao Paulo SA (i)	2,322		32,337
Fertilizantes Fosfatados SA (i)	3,200		25,645
Gerdau SA (i)	10,800		120,378
Gol Linhas Aereas Inteligentes SA (i)	900		5,652
Investimentos Itau SA (i)	44,069		220,472
Klabin SA (i)	11,000		22,891
Lojas Americanas SA (i)	7,900		34,666
Metalurgica Gerdau SA (i)	5,800		90,525
Net Servicos de Comunicacao SA * (i)	3,875		33,050
Petroleo Brasileiro SA (i)	50,600		933,344
Sadia SA, ADR (i)	8,000		23,963
Suzano Papel e Celulose SA * (i)	2,600		22,203
Tam SA * (i)	2,021		38,234
Tele Norte Leste Participacoes SA (i)	4,500		76,856
Telemar Norte Leste SA, Series A (i)	1,100		33,817
Tim Participacoes SA (i)	11,129		23,101
Usinas Siderurgicas de Minas Gerais SA,
Series A (i)	4,125		87,815
Vivo Participacoes SA * (i)	10,400		42,575
Votorantim Celulose e Papel SA * (i)	2,000		30,270
			3,988,828
Germany - 0.19%
Bayerische Motoren Werke (BMW) AG (i)	268		8,219
Porsche Automobil Holding SE (i)	1,857		201,374
RWE AG (i)	827		59,472
Volkswagen AG (i)	2,221		276,503
			545,568
Italy - 0.01%
IFI-Istituto Finanziario Industriale SpA * (i)	776		8,572
Unipol SpA (i)	14,678		24,935
			33,507
Malaysia - 0.00%
Malaysian Airline System BHD * (i)	1,400		335
Russia - 0.01%
Surgutneftegaz SADR (i)	13,580		35,987

International Equity Index Trust A (continued)
		Shares or
		Principal
		Amount		Value
PREFERRED STOCKS (continued)
South Korea - 0.06%
Hyundai Motor Company (i)		710	$	15,323
LG Electronics, Inc. (i)		370		14,938
Samsung Electronics Company, Ltd. (i)		450		141,902
				172,163
TOTAL PREFERRED STOCKS (Cost $4,433,366)			$	4,776,388
WARRANTS - 0.00%
Indonesia - 0.00%
Bank Pan Indonesia Tbk PT
(Expiration Date: 07/10/2009, Strike
Price: IDR 400.00) *		16,560		737
Malaysia - 0.00%
IJM Land Berhad
(Expiration Date: 09/11/2013, Strike
Price: MYR 1.35) *		1,130		74
TOTAL WARRANTS (Cost $157)			$	811
RIGHTS - 0.00%
Brazil - 0.00%
Cosan SA Industria e Comercio (Expiration
Date: 10/22/2008, Strike Price: BRL 16.00) *		480		31
EDP - Energias do Brasil SA		602,289		0
				31
Japan - 0.00%
Dowa Mining Company, Ltd. (Expiration Date:
01/29/2010, Strike Price: JPY 1.00) *		4,466		974
TOTAL RIGHTS (Cost $0)			$	1,005
SHORT TERM INVESTMENTS - 0.59%
AIM Short-Term Investment Trust,
STIC Prime Portfolio,
Institutional Class	$	1,241,153	$	1,241,153
John Hancock Cash
Investment Trust, 2.6453% (c)(f)		433,898		433,898
TOTAL SHORT TERM INVESTMENTS
(Cost $1,675,051)			$	1,675,051
Total Investments (International Equity Index Trust A)
(Cost $310,512,478) - 96.96%			$	276,514,171
Other Assets in Excess of Liabilities - 3.04%				8,670,043
TOTAL NET ASSETS - 100.00%			$	285,184,214

The portfolio had the following five top industry concentrations as of September 30, 2008 (as a percentage of total net assets):

Banking	12.97%
Telecommunications Equipment & Services	6.09%
International Oil	5.68%
Insurance	4.96%
Financial Services	4.56%

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

187

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 94.66%
Argentina - 0.01%
Petrobras Energia Participaciones SA, ADR,
B Shares	2,864	$	28,182
Telecom Argentina SA, ADR, B Shares *	2,458		30,110
			58,292
Australia - 4.53%
AGL Energy, Ltd.	10,525		116,076
Alumina, Ltd.	32,878		82,896
Amcor, Ltd.	20,939		92,078
AMP, Ltd.	49,425		281,040
Aristocrat Leisure, Ltd.	10,919		57,211
Asciano Group	17,624		46,076
Australia and New Zealand
Banking Group, Ltd.	53,424		825,359
Australian Stock Exchange, Ltd.	5,139		126,681
Axa Asia Pacific Holdings, Ltd.	24,429		100,518
Babcock & Brown, Ltd.	7,199		11,779
Bendigo Bank, Ltd.	8,745		83,482
BHP Billiton, Ltd.	95,792		2,478,198
Billabong International, Ltd.	5,126		57,238
Bluescope Steel, Ltd.	18,796		110,776
Boart Longyear Group	38,217		34,472
Boral, Ltd.	18,573		92,222
Brambles, Ltd.	38,488		240,152
Caltex Australia, Ltd.	4,160		41,148
Centro Properties Group, Ltd. *	26,179		1,869
Centro Retail Group	40,025		3,753
CFS Gandel Retail Trust	42,505		77,122
Coca-Cola Amatil, Ltd.	16,312		108,911
Cochlear, Ltd.	1,647		78,922
Commonwealth Bank of Australia, Ltd.	36,794		1,296,755
Computershare, Ltd.	13,781		104,180
Crown, Ltd.	13,208		91,734
CSL, Ltd.	16,056		486,415
CSR, Ltd.	28,618		57,342
Dexus Property Group, REIT	94,011		110,585
Fortescue Metals Group, Ltd. *	34,730		132,136
Foster's Group, Ltd.	53,895		240,791
General Property Trust, Ltd.	53,827		78,682
Goodman Fielder, Ltd.	30,583		34,693
Harvey Norman Holding, Ltd.	14,041		35,366
Incitec Pivot, Ltd. *	32,220		129,092
James Hardie Industries, Ltd.	14,298		58,260
John Fairfax Holdings, Ltd.	34,909		74,798
Leighton Holdings, Ltd.	4,087		125,795
Lend Lease Corp.	11,008		81,198
Lion Nathan, Ltd.	9,083		68,003
Macquarie Airports, Ltd.	23,554		51,783
Macquarie Goodman Group, Ltd.	41,130		82,997
Macquarie Group, Ltd.	7,705		237,247
Macquarie Infrastructure Group	62,479		118,472
Macquarie Office Trust	64,508		41,215
Metcash, Ltd.	20,807		66,605
Mirvac Group, Ltd.	32,333		65,905
National Australia Bank, Ltd.	46,939		947,343
Newcrest Mining, Ltd.	12,591		261,615
NRMA Insurance Group, Ltd.	55,580		184,485

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
OneSteel, Ltd.	21,248	$	78,599
Orica, Ltd.	9,166		154,798
Origin Energy, Ltd.	25,823		334,009
Oxiana, Ltd.	89,137		113,104
Paladin Resources, Ltd. *	17,063		52,734
Perpetual Trust of Australia, Ltd.	982		37,730
Qantas Airways, Ltd.	27,623		70,422
QBE Insurance Group, Ltd.	25,209		543,658
Rio Tinto, Ltd.	7,952		535,823
Santos, Ltd.	17,295		264,642
Sims Group, Ltd.	4,165		100,912
Sonic Healthcare, Ltd.	7,685		81,748
St. George Bank, Ltd.	15,650		369,381
Stockland Company, Ltd.	43,939		197,255
Suncorp-Metway, Ltd.	26,053		198,024
TABCORP Holdings, Ltd.	13,590		89,282
Tattersall's, Ltd.	31,421		60,586
Telstra Corp., Ltd.	119,180		399,844
Toll Holdings, Ltd.	16,809		95,216
Transurban Group, Ltd. *	28,730		131,668
Virgin Blue Holdings, Ltd.	16,809		4,341
Wesfarmers, Ltd., Price Protected Shares	3,650		84,020
Wesfarmers, Ltd.	17,203		400,068
Westfield Group	50,775		695,513
Westpac Banking Corp., Ltd.	53,889		955,160
Woodside Petroleum, Ltd.	13,120		529,404
Woolworths, Ltd.	34,534		760,714
WorleyParsons, Ltd.	4,320		106,853
			17,856,979
Austria - 0.36%
Andritz AG	1,113		48,043
Erste Bank der Oesterreichischen
Sparkassen AG	5,705		284,021
Immoeast Immobilien Anlagen AG *	12,470		31,498
Immofinanz Immobilien Anlage AG	13,774		48,727
Meinl European Land, Ltd. *	9,234		69,570
Oesterreichische Elektrizitaets AG, Class A	2,371		145,916
OMV AG	5,078		214,038
Raiffeisen International Bank Holding AG	1,473		106,389
Strabag SE	1,396		62,124
Telekom Austria AG	10,537		185,396
Voestalpine AG	3,514		109,807
Wiener Staedtische Allgemeine
Versicherung AG	970		48,424
Wienerberger Baustoffindustrie AG	2,169		58,889
			1,412,842
Belgium - 0.68%
Belgacom SA	4,817		181,487
Colruyt SA	498		124,999
Compagnie Nationale A Portefeuille, ADR	1,367		90,467
Delhaize Group	2,995		173,962
Dexia SA	15,993		174,698
Fortis Group SA	60,690		374,941
Fortis, Strip VVPR *	24,938		352
GDF Suez *	3,381		48
Groupe Bruxelles Lambert SA	2,456		211,973

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

188

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Belgium (continued)
Inbev NV	5,543	$	329,779
KBC Ancora, ADR	1,090		71,828
KBC Bancassurance Holding NV	4,730		411,470
Mobistar SA *	931		65,527
Solvay SA	1,927		236,539
Suez SA	310		15,216
UCB SA	3,339		118,632
Umicore	3,760		116,117
			2,698,035
Bermuda - 0.06%
Central European Media Enterprises, Ltd. *	720		48,785
SeaDrill, Ltd., GDR	8,568		177,513
			226,298
Brazil - 1.59%
All America Latina Logistica SA	12,100		82,663
Aracruz Celulose SA, SADR	581		21,329
B2W Companhia Global Do Varejo	1,756		42,394
Banco Bradesco SA, ADR	15,084		242,852
Banco do Brasil SA	10,400		124,337
Banco Nossa Caixa SA *	658		13,797
BM&F BOVESPA SA *	22,927		102,412
Brasil Telecom Participacoes SA, ADR	388		18,958
Brasil Telecom Participacoes SA	2,500		68,317
Braskem SA, SADR	1,584		17,329
Centrais Eletricas Brasileiras SA, ADR,
B Shares *	1,429		17,765
Centrais Eletricas Brasileiras SA, ADR *	2,381		34,093
Centrais Eletricas Brasileiras SA *	4,600		68,411
Cia Brasileira de Distribuicao Grupo Pao de
Acucar, ADR *	314		10,977
Cia de Concessoes Rodoviarias, ADR	3,900		51,238
Cia de Saneamento Basico do Estado de Sao
Paulo *	3,927		54,378
Cia Energetica de Minas Gerais, ADR	3,950		77,973
Cia Vale do Rio Doce	25,600		482,968
Companhia Siderurgica Nacional SA, ADR	4,593		97,647
Companhia Siderurgica Nacional SA	6,600		141,337
Companhia Vale Do Rio Doce, ADR *	13,952		267,181
Companhia Vale Do Rio Doce, SADR *	19,233		340,424
Cosan SA Industria e Comercio *	3,511		23,433
CPFL Energia SA	3,700		69,026
Cyrela Brazil Realty SA	7,000		71,733
Diagnosticos da America SA	1,100		14,712
EDP - Energias do Brasil SA	2,900		36,301
Empresa Brasileira de Aeronautica SA	13,900		95,691
Empresa Brasileira de Aeronautica SA, ADR	1,026		27,712
Gafisa SA	4,303		54,497
Gerdau SA, SADR	8,136		90,310
Gerdau SA	5,880		56,084
Global Village Telecom Holding SA *	2,448		37,037
IronX Mineracao SA *	4,256		61,953
Lojas Renner SA	3,700		45,693
MRV Engenharia e Participacoes SA	2,167		22,719
Natura Cosmeticos SA	5,400		52,499
OGX Petroleo e Gas Participacoes SA *	300		61,012
Perdigao SA *	3,560		68,098

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Brazil (continued)
Petroleo Brasileiro SA, ADR	13,714	$	602,730
Petroleo Brasileiro SA, SADR	18,576		695,114
Petroleo Brasileiro SA	39,000		865,300
Redecard SA	8,479		110,861
Souza Cruz SA	2,200		52,592
Tele Norte Leste Participacoes SA, ADR	2,994		52,275
Tele Norte Leste Participacoes SA	2,500		51,238
Tractebel Energia SA	3,600		39,161
Ultrapar Participacoes SA	2,600		68,986
Unibanco - Uniao de Bancos Brasileiros SA *	21,100		215,668
Unibanco - Uniao De Bancos
Brasileiros SA, ADR *	1,124		113,434
Usinas Siderurgicas de Minas Gerais
SA, SADR	2,431		50,814
Usinas Siderurgicas de Minas Gerais SA	2,200		44,338
Vivo Participacoes SA, ADR *	1,291		5,345
Votorantim Celulose e Papel SA, SADR *	858		13,222
Weg SA	4,600		34,302
			6,282,670
Canada - 7.00%
Addax Petroleum Corp.	2,300		62,435
Agnico-Eagle Mines, Ltd.	4,413		240,916
Agrium, Inc.	4,261		238,224
Alimentation Couche Tard, Inc., ADR	4,300		56,364
ARC Energy Trust	2,700		58,605
Astral Media, Inc.	1,600		48,004
Bank of Montreal	14,709		635,075
Bank of Nova Scotia	27,548		1,242,475
Barrick Gold Corp.	24,230		887,238
BCE, Inc.	7,773		268,047
Biovail Corp.	4,450		42,232
Bombardier, Inc. *	43,138		234,285
Brookfield Asset Management, Inc.	13,151		354,524
Brookfield Properties Corp.	6,634		103,601
CAE, Inc.	7,016		56,036
Cameco Corp.	9,166		198,607
Canadian Imperial Bank of Commerce	11,130		638,779
Canadian National Railway Company	13,298		634,505
Canadian Natural Resources, Ltd.	15,622		1,071,558
Canadian Oil Sands Trust	6,500		236,730
Canadian Pacific Railway, Ltd.	4,074		218,467
Canadian Tire Corp., Ltd.	2,354		108,382
Canadian Utilities, Ltd.	1,400		49,922
CGI Group, Inc. *	8,076		70,648
CI Financial Income Fund	1,533		25,928
Eldorado Gold Corp. *	10,700		66,759
Enbridge, Inc.	9,276		343,236
EnCana Corp.	21,664		1,383,402
Enerplus Resources Fund	5,000		182,570
Ensign Energy Services, Inc.	4,400		68,961
Fairfax Financial Holdings, Ltd.	459		147,130
Finning International, Inc.	5,438		106,691
First Quantum Minerals, Ltd.	2,100		78,929
Fording Canadian Coal Trust	4,500		369,006
Fortis, Inc.	5,200		117,461
George Weston, Ltd.	1,736		83,941

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

189

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Gerdau Ameristeel Corp.	4,100	$	39,488
Gildan Activewear, Inc. *	3,600		80,000
Goldcorp, Inc.	19,556		615,024
Great-West Lifeco, Inc.	8,076		238,277
Groupe Aeroplan, Inc.	2,636		32,670
Harvest Energy Trust	3,700		62,301
Husky Energy, Inc.	6,652		281,446
IGM Financial, Inc.	3,496		126,175
Imperial Oil, Ltd.	8,503		364,169
Inmet Mining Corp.	1,200		55,882
Ivanhoe Mines, Ltd. *	7,500		45,455
Jazz Air Income Fund, ADR *	481		2,368
Kinross Gold Corp.	17,490		280,859
Loblaw Companies, Ltd.	3,437		95,916
Lundin Mining Corp. *	10,400		30,880
Magna International, Inc.	2,643		135,794
Manulife Financial Corp.	43,424		1,561,918
MDS, Inc. *	3,201		38,229
Methanex Corp.	2,867		56,168
Metro, Inc.	2,800		81,244
National Bank of Canada	4,668		213,388
Nexen, Inc.	12,664		293,917
Niko Resources, Ltd.	1,000		53,756
Nortel Networks Corp. *	12,543		27,579
Nova Chemicals Corp.	2,549		56,022
Onex Corp.	3,332		86,004
OPTI Canada, Inc. *	4,700		48,800
Pan American Silver Corp. *	2,100		45,700
Penn West Energy Trust	10,413		247,642
Petro-Canada	14,192		472,067
Potash Corp. of Saskatchewan, Inc.	9,111		1,181,155
Power Corp. Of Canada	9,317		273,141
Power Financial Corp.	7,122		222,577
Precision Drilling Trust, ADR	1,500		24,665
Provident Energy Trust	6,100		54,451
QLT, Inc. *	230		752
Research In Motion, Ltd. *	14,600		983,759
RioCan Real Estate Investment Trust	2,900		55,071
Ritchie Bros. Auctioneers, Inc.	2,100		50,317
Rogers Communications, Inc., Class B	14,742		478,171
Royal Bank of Canada	37,476		1,778,283
Saputo, Inc.	3,000		71,177
Shaw Communications, Inc.	10,502		212,556
Sherritt International Corp., ADR	6,300		33,683
Shoppers Drug Mart Corp.	5,856		282,552
Silver Wheaton Corp. *	6,100		49,465
Sino-Forest Corp. *	4,100		51,662
Sun Life Financial, Inc.	15,352		536,617
Suncor Energy, Inc.	26,804		1,108,176
Talisman Energy, Inc.	28,726		405,416
Teck Cominco, Ltd.	12,812		363,804
Telus Corp. - Non Voting Shares	4,044		144,813
Telus Corp.	1,800		65,742
Thomson Corp.	6,498		176,638
TMX Group, Inc.	1,924		52,428
Toronto Dominion Bank Ontario	23,200		1,396,905

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
TransAlta Corp.	5,621	$	151,055
Trans-Canada Corp.	16,750		600,749
Trican Well Service, Ltd. *	3,800		57,129
Uranium One, Inc. *	6,000		12,967
Yamana Gold, Inc.	16,838		138,438
Yellow Pages Income Fund	7,800		72,925
			27,586,050
Chile - 0.34%
Banco Santander Chile SA, ADR	2,714		116,132
Centros Comerciales Sudamericanos SA, ADR (g)	3,171		111,923
Cia Cervecerias Unidas SA, ADR	1,534		49,441
Compania de Telecomunicaciones de Chile
SA, SADR	7,854		53,486
Corpbanca SA, SADR	1,012		24,328
Distribucion y Servicio D&S SA, ADR	2,622		58,051
Embotelladora Andina SA, ADR, Series A	1,498		20,057
Embotelladora Andina SA, ADR, Series B	1,729		25,070
Empresa Nacional de Electricidad SA, ADR	6,553		291,674
Enersis SA, SADR	15,663		255,620
Inversiones Aguas Metropolitanas SA, ADR (g)	1,355		23,599
Lan Airlines SA, SADR	5,840		66,576
Madeco SA, SADR	1,566		12,779
Sociedad Quimica y Minera de
Chile SA, ADR, B Shares	7,220		182,016
Vina Concha Y Toro SA, ADR	908		31,971
			1,322,723
China - 1.47%
Air China, Ltd., Class H	76,534		34,587
Aluminum Corp. of China, Ltd.	123,220		75,014
Angang New Steel Company, Ltd., Class H	31,547		29,258
Bank of China, Ltd.	799,100		309,671
Bank of Communications Company, Ltd.,
Class H	182,121		165,868
Beijing Capital International Airport Company,
Ltd., Class H	42,789		35,343
Beijing Datang Power Generation
Company, Ltd., Class H	88,864		49,602
BYD Company, Ltd., H Shares	19,205		32,144
Chaoda Modern Agriculture Holdings, Ltd.	54,750		46,241
China Communications
Construction Company , Ltd. - Hong Kong
Exchange	131,800		115,712
China Communications Services Corp., Ltd.,
Class H - Hong Kong Exchange	72,000		50,145
China Construction Bank - Hong Kong
Exchange	986,382		658,179
China Eastern Airlines Corp., Ltd. - Hong
Kong Exchange *	59,361		10,191
China Life Insurance Company, Ltd. - Hong
Kong Exchange	206,624		769,748
China Merchants Bank Company, Ltd. - Hong
Kong Exchange	80,900		195,365
China National Building Material Company,
Ltd. - Hong Kong Exchange	26,000		30,011
China Oilfield Services, Ltd., H Shares - Hong
Kong Exchange	54,000		50,031

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

190

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China (continued)
China Petroleum & Chemical Corp., Class H -
Hong Kong Exchange	507,970	$	400,906
China Railway Construction Corp. - Hong
Kong Exchange *	57,000		75,262
China Railway Group, Ltd. - Hong Kong
Exchange *	108,000		65,869
China Shenhua Energy Company, Ltd. - Hong
Kong Exchange	97,000		237,933
China Shipping Container Lines Company,
Ltd. - Hong Kong Exchange	102,473		17,634
China Shipping Development Company, Ltd.,
Class H - Hong Kong Exchange	38,432		50,453
China Southern Airlines Company, Ltd. -
Hong Kong Exchange *	52,717		10,312
China Telecom Corp., Ltd. - Hong Kong
Exchange	417,604		171,382
COSCO Holdings	81,296		74,111
Country Garden Holdings Company, Ltd. (a)	101,000		32,090
Dongfeng Motor Group Company, Ltd.	89,220		32,836
Foxconn International Holdings, Ltd. *	46,000		20,577
Guangdong Investment, Ltd.	75,220		17,764
Guangshen Railway Company, Ltd., Class H	40,789		20,220
Guangzhou R&F Properties Company, Ltd., H
Shares	31,200		28,650
Huaneng Power International, Inc., Class H	93,436		62,121
Industrial & Commercial Bank of China, Ltd.	1,181,400		714,032
Jiangsu Expressway, Ltd.	33,145		24,878
Jiangxi Copper Company, Ltd., Class H	41,075		41,134
KWG Property Holding, Ltd.	20,000		5,415
Lenovo Group, Ltd.	139,436		61,541
Maanshan Iron & Steel Company, Ltd.	48,075		15,167
PetroChina Company, Ltd., Class H	618,261		641,813
PICC Property & Casualty Company, Ltd.,
Class H *	79,220		32,272
Shanghai Electric Group Company, Ltd. *	92,864		28,311
Shui On Land, Ltd.	48,000		20,040
Sinopec Shanghai Petrochemical
Company, Ltd., Class H	69,934		15,555
Tingyi Cayman Islands Holding Corp., GDR	48,000		56,077
Yanzhou Coal Mining Company, Ltd., Class H	57,990		59,797
Zhejiang Expressway Company, Ltd., Class H	39,718		23,579
Zijin Mining Group, Ltd.	128,411		64,933
ZTE Corp., Class H	6,220		23,560
			5,803,334
Colombia - 0.03%
BanColombia SA, ADR	4,595		130,728
Czech Republic - 0.15%
CEZ AS	5,551		347,475
Komercni Banka AS	407		91,530
Telefonica Czech Republic AS	3,019		71,058
Unipetrol AS	1,942		21,721
Zentiva NV	613		40,046
			571,830
Denmark - 0.73%
A P Moller Maersk AS, Series A	17		146,642
A P Moller Maersk AS	33		287,059

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Denmark (continued)
Carlsberg AS, B Shares	1,948	$	148,522
Coloplast AS	794		58,924
Danisco AS	1,419		79,753
Danske Bank AS	13,602		327,502
DSV AS, ADR	6,370		101,412
FLS Industries AS, B Shares	1,683		85,460
Jyske Bank *	1,802		90,732
Novo Nordisk AS	13,410		695,205
Novozymes AS, B Shares	1,386		123,512
Rockwool International AS, B Shares	200		17,106
Sydbank AS	1,860		55,794
Topdanmark AS *	572		81,967
TrygVesta AS	767		49,316
Vestas Wind Systems AS *	5,389		470,378
William Demant Holdings AS *	918		41,289
			2,860,573
Egypt - 0.12%
Commercial International Bank	6,529		47,319
Egypt Kuwait Holding Company	14,352		33,430
Egyptian Company for Mobile Services	919		17,858
Egyptian Financial Group-Hermes Holding	4,582		28,181
EL Ezz Aldekhela Steel Alexandria	72		17,781
EL EZZ Steel Company	2,373		7,882
ElSwedy Cables Holding Company *	1,884		35,102
Orascom Construction Industries	2,122		121,776
Orascom Telecom Holding SAE	13,000		94,052
Sidi Kerir Petrochemicals Company	9,345		26,322
Telecom Egypt	8,967		24,245
			453,948
Finland - 1.08%
Cargotec Corp. Oyj, B Shares	1,048		21,409
Elisa Oyj, Class A	4,603		90,323
Fortum Corp. Oyj	13,007		436,505
Kesko Oyj	2,031		51,963
Kone Corp. Oyj	4,456		121,271
Metra Oyj, B Shares	2,631		110,840
Metso Oyj	3,873		94,991
Neste Oil Oyj	3,691		76,977
Nokia AB Oyj	114,756		2,140,364
Nokian Renkaat Oyj	3,230		77,723
OKO Bank PLC, Series A	4,100		59,751
Orion Oyj, Series B	3,424		58,010
Outokumpu Oyj	3,613		57,563
Rautaruukki Oyj *	2,619		52,341
Sampo Oyj, A Shares	12,607		286,832
SanomaWSOY Oyj	3,040		57,487
Stora Enso Oyj, Series R	16,853		164,672
UPM-Kymmene Oyj	15,384		240,027
YIT Oyj	3,679		38,417
			4,237,466
France - 7.38%
Accor SA	5,228		279,209
Aeroports de Paris	1,025		84,631
Air France-KLM	3,724		85,263
Air Liquide	6,935		762,048

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

191

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Alcatel-Lucent *	61,805	$	238,178
Alstom	5,850		444,070
Atos Origin SA	2,082		91,626
AXA Group SA	43,217		1,414,681
BNP Paribas SA	22,894		2,185,404
Bouygues SA	6,636		300,614
Bureau Veritas SA	1,104		56,482
Cap Gemini SA	3,564		168,366
Carrefour SA	17,694		834,394
Casino Guich-Perrachon SA	1,224		109,217
Christian Dior SA	1,483		112,474
Cie Generale de Geophysique-Veritas *	3,635		115,335
CNP Assurances SA	906		102,333
Compagnie de Saint-Gobain SA	7,664		396,447
Compagnie Generale des Etablissements
Michelin, Class B	3,906		253,001
Credit Agricole SA	25,945		499,697
Dassault Systemes SA	1,521		81,499
Eiffage SA	1,288		69,013
Electricite de France	5,453		394,325
Eramet	141		54,017
Essilor International SA	5,424		270,904
Eurazeo	887		74,983
European Aeronautic Defence &
Space Company	8,834		150,749
Eutelsat Communications *	2,379		63,282
France Telecom SA	51,074		1,432,606
GDF Suez	34,083		1,773,212
Gecina SA	396		42,682
Groupe DANONE	12,150		861,822
Hermes International SA	1,808		294,153
ICADE	485		39,292
Imerys SA	845		48,549
JC Decaux SA	1,718		37,621
Klepierre SA	1,721		67,359
Lafarge SA	4,039		425,259
Lagardere S.C.A.	3,688		166,242
Legrand SA, ADR	3,347		75,487
L'Oreal SA	6,803		667,535
LVMH Moet Hennessy SA	6,907		606,391
M6-Metropole Television	1,932		42,476
Natixis	27,302		91,427
Neopost SA	989		93,258
PagesJaunes Groupe SA	3,352		46,776
Pernod-Ricard SA	4,693		413,411
PPR SA	2,064		184,682
PSA Peugeot Citroen SA	4,053		152,539
Publicis Groupe SA	4,266		134,366
Renault Regie Nationale SA	5,106		325,402
Safran SA	4,633		81,080
Sanofi-Aventis SA	29,300		1,926,343
Schneider Electric SA	6,107		524,436
SCOR SE	4,132		80,346
Societe BIC SA	665		34,549
Societe Generale	13,391		1,202,909
Societe Television Francaise 1	3,691		65,389
Sodexho Alliance	2,384		140,689

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
STMicroelectronics NV	18,012	$	182,646
Suez Environnement SA *	7,474		184,028
Suez Environnement SA *	77		1,948
Technip SA	2,913		163,685
Thales SA	2,442		123,235
Total SA	61,471		3,734,358
Unibail-Rodamco, REIT	2,225		450,185
Valeo SA	2,170		65,668
Vallourec SA	1,443		311,367
Veolia Environnement SA	10,367		426,510
Vinci SA	11,644		548,620
Vivendi SA	32,523		1,019,619
Wendel	923		73,617
Zodiac SA	1,048		49,980
			29,105,996
Germany - 6.31%
Adidas-Salomon AG	5,623		300,379
Allianz SE	12,997		1,781,866
Arcandor AG *	1,969		6,459
BASF SE	28,018		1,335,799
Bayer AG	22,123		1,620,225
Bayerische Motoren Werke (BMW) AG	9,008		349,157
Beiersdorf AG	2,269		143,415
Bilfinger Berger AG	1,040		54,170
Celesio AG	2,464		107,535
Commerzbank AG	17,516		259,654
Continental AG *	4,293		426,745
Daimler AG	26,391		1,310,391
Deutsche Bank AG	14,613		1,045,370
Deutsche Boerse AG	5,514		504,588
Deutsche Lufthansa AG	6,600		129,019
Deutsche Post AG	25,063		522,927
Deutsche Postbank AG	2,191		82,995
Deutsche Telekom AG	82,348		1,250,637
E.ON AG	54,723		2,754,585
Fraport AG, ADR	372		22,107
Fresenius AG	737		54,101
Fresenius Medical Care AG & Company	5,195		268,927
Fresenius SE	2,111		153,631
GEA Group AG	4,433		85,804
Hamburger Hafen und Logistik AG	692		41,045
Hannover Rueckversicherung AG	1,640		60,021
Heidelbergcement AG	680		71,859
Henkel AG & Company KGaA	4,128		126,605
Henkel AG & Company KGaA	4,841		176,580
Hochtief AG	1,019		48,633
Hypo Real Estate Holding AG	3,707		21,868
Infineon Technologies AG *	20,151		111,876
IVG Immobilien AG	2,649		25,523
K&S AG	4,148		287,606
Linde AG	3,936		420,309
MAN AG	3,048		205,211
Merck KGAA *	1,663		177,348
Metro AG	3,086		154,751
Muenchener Rueckversicherungs-
Gesellschaft AG	6,030		909,594

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

192

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
ProSieben Sat.1 Media AG	2,198	$	14,868
Puma AG	163		44,363
Q-Cells AG *	1,882		157,812
Rheinmetall AG	1,015		54,628
RWE AG	12,887		1,228,603
Salzgitter AG	1,049		106,081
SAP AG	24,155		1,286,469
Siemens AG	25,048		2,336,402
Solarworld AG	2,258		95,042
Thyssen Krupp AG	9,816		294,715
TUI AG	5,297		87,498
United Internet AG	3,420		36,774
Volkswagen AG	4,242		1,662,212
Wacker Chemie AG	426		60,819
			24,875,601
Greece - 0.48%
Alpha Bank A.E.	11,018		239,875
Bank of Piraeus SA	8,922		185,773
Coca-Cola Hellenic Bottling Company SA	5,040		110,004
EFG Eurobank Ergas SA	8,730		159,131
Hellenic Petroleum SA	3,350		36,271
Hellenic Telecommunications Organization SA	8,040		144,519
Marfin Financial Group SA Holdings *	18,065		129,594
National Bank of Greece SA	13,959		565,682
OPAP SA	6,920		212,403
Public Power Corp.	3,250		50,139
Titan Cement Company SA	1,790		59,117
			1,892,508
Hong Kong - 2.61%
Agile Property Holdings, Ltd.	52,789		24,116
Alibaba.com, Ltd. * (a)(g)	31,100		28,853
Anhui Conch Cement Company, Ltd., Class H *	12,930		49,389
ASM Pacific Technology, Ltd.	2,414		13,953
Bank of East Asia, Ltd.	41,172		129,602
Beijing Enterprises Holdings, Ltd.	15,286		58,220
Belle International Holdings, Ltd., GDR	86,578		62,210
BOC Hong Kong Holdings, Ltd.	101,828		182,045
C C Land Holdings, Ltd.	10,000		2,185
Cathay Pacific Airways, Ltd.	31,782		54,211
Cheung Kong Holdings, Ltd.	37,849		428,773
Cheung Kong Infrastructure Holdings, Ltd.	7,772		36,168
China Agri-Industries Holdings, Ltd. *	67,216		35,223
China BlueChemical, Ltd.	42,000		23,416
China CITIC Bank	154,000		69,234
China Coal Energy Company, H Shares	96,000		101,491
China Everbright, Ltd.	22,216		35,645
China High Speed Transmission Equipment
Group Company, Ltd.	22,000		40,264
China Insurance International Holdings
Company, Ltd.	20,000		38,479
China Mengniu Dairy Company, Ltd.	36,502		37,870
China Merchants Holdings International
Company, Ltd.	34,529		110,760
China Mobile, Ltd.	173,530		1,738,367
China Netcom Group Corp Hong Kong, Ltd.	54,000		119,580
China Overseas Land & Investment, Ltd.	111,079		134,632

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
China Resource Power Holdings, Ltd.	48,789	$	106,580
China Resources Enterprises, Ltd.	37,145		90,698
China Resources Land, Ltd.	36,789		39,069
China Travel International Investment
Hong Kong, Ltd.	92,291		20,972
China Unicom, Ltd.	106,000		159,462
Chinese Estates Holdings, Ltd.	14,250		17,658
CITIC International Financial Holdings, Ltd. *	75,000		49,644
Citic Pacific, Ltd.	33,967		99,290
CITIC Resources Holdings, Ltd. *	117,300		18,481
CLP Holdings, Ltd.	55,789		450,036
CNOOC, Ltd.	455,280		511,460
CNPC Hong Kong, Ltd.	70,000		29,803
Cosco Pacific, Ltd.	35,145		40,337
Denway Motors, Ltd.	156,441		49,552
Dongfang Electrical Machinery Company, Ltd.	10,000		26,622
Esprit Holdings, Ltd.	29,015		179,851
Fosun International	42,500		14,899
Giordano International, Ltd.	611		213
Gome Electrical Appliances Holdings, Ltd.	178,292		52,639
Guangzhou Investment Company, Ltd.	90,507		8,815
Hang Lung Group, Ltd.	24,000		76,023
Hang Lung Properties, Ltd.	58,326		137,301
Hang Seng Bank, Ltd.	21,219		401,126
Harbin Power Equipment Company, Ltd.	18,000		12,895
Henderson Investment, Ltd.	14,000		657
Henderson Land Development Company, Ltd.	26,527		118,251
Hengan International Group Company, Ltd.,
GDR	18,000		51,224
Hidili Industry International Development, Ltd.	37,000		18,040
Hong Kong & China Gas Company, Ltd.	112,244		256,221
Hong Kong Aircraft Engineering Company	1,600		18,399
Hong Kong Electric Holdings, Ltd. (a)	36,582		229,770
Hong Kong Exchange & Clearing, Ltd.	29,430		362,472
Hopewell Holdings, Ltd.	17,362		63,053
Hopson Development Holdings, Ltd., GDR (a)	20,000		10,161
Hutchison Telecommunications
International, Ltd. *	39,668		44,299
Hutchison Whampoa, Ltd.	59,377		456,048
Hysan Development Company, Ltd. (a)	13,016		33,881
Johnson Electronic Holdings, Ltd.	25		9
Kerry Properties, Ltd.	15,796		51,196
Kingboard Chemical Holdings, Ltd.	15,772		53,853
Lee & Man Paper Manufacturing, Ltd.	10,000		5,480
Li & Fung, Ltd.	55,971		136,964
Li Ning Company, Ltd.	19,251		33,773
Lifestyle International Holdings, Ltd.	18,000		20,445
Link, REIT	55,088		114,515
Mongolia Energy Company, Ltd. *	91,000		49,002
MTR Corp., Ltd.	35,963		106,189
New World Development Company, Ltd.	63,169		70,354
Nine Dragons Paper Holdings, Ltd.	37,400		13,991
Noble Group, Ltd.	54,800		52,150
NWS Holdings, Ltd.	10,228		18,353
Orient Overseas International, Ltd.	6,562		16,810
Pacific Basin Shipping, Ltd.	34,000		28,268
Parkson Retail Group, Ltd.	42,500		47,138

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

193

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
PCCW, Ltd.	109,208	$	45,505
Ping An Insurance Group Company of China,
Ltd.	38,645		226,304
Shanghai Industrial Holdings, Ltd.	13,930		31,842
Shangri-La Asia, Ltd.	34,296		49,134
Shimao Property Holdings, Ltd., GDR	44,000		25,376
Shougang Concord International Enterprises
Company, Ltd.	72,000		10,379
Shun Tak Holdings, Ltd.	30,000		10,330
Sino Land Company, Ltd.	33,708		37,753
Sinofert Holdings, Ltd.	82,000		41,337
Sino-Ocean Land Holdings, Ltd.	85,000		26,438
Soho China, Ltd.	74,000		25,009
Sun Hung Kai Properties, Ltd.	40,611		418,487
Swire Pacific, Ltd., Class A	22,663		199,211
Techtronic Industries Company, Ltd.	15		14
Television Broadcasting Company, Ltd.	8,181		34,741
Tencent Holdings, Ltd.	25,000		182,734
Wharf Holdings, Ltd.	37,876		108,209
Wheelock and Company, Ltd.	31,000		56,228
Wing Hang Bank, Ltd.	4,596		35,312
Wing Lung Bank, Ltd.	3,000		59,972
Yue Yuen Industrial Holdings, Ltd.	15,567		42,524
			10,295,917
Hungary - 0.14%
Gedeon Richter Rt.	489		89,509
Magyar Telekom Rt.	16,414		76,987
MOL Magyar Olaj & Gazipari Rt.	1,536		140,446
OTP Bank Rt. *	6,949		251,480
			558,422
India - 1.06%
Bajaj Auto, Ltd., ADR (g)	1,056		9,504
Bajaj Auto, Ltd.	1,056		13,714
Bajaj Finserv, Ltd.	1,056		8,545
Dr. Reddy's Laboratories, Ltd., ADR	5,375		59,931
Grasim Industries, Ltd., ADR (g)	1,870		155,210
Hindalco Industries, Ltd., ADR (g)	10,691		22,451
ICICI Bank, Ltd., SADR	16,149		379,825
Infosys Technologies, Ltd., ADR	21,164		704,973
Larsen & Toubro, Ltd., ADR (g)	1,342		69,905
Mahindra & Mahindra, Ltd., ADR	3,280		36,408
Ranbaxy Laboratories, Ltd., ADR	8,285		44,739
Reliance Capital, Ltd. (g)	2,081		50,670
Reliance Communication, Ltd., ADR (g)	40,608		288,402
Reliance Energy, Ltd., ADR (g)	1,080		54,517
Reliance Industries, Ltd., GDR (g)	20,644		1,678,357
Reliance Natural Resources, Ltd., ADR * (g)	18,650		58,335
Satyam Computer Services, Ltd., ADR	15,376		248,322
State Bank of India, Ltd., ADR	1,201		72,661
Tata Communications, Ltd., ADR	1,174		24,807
Tata Motors, Ltd., SADR	10,439		79,963
Wipro, Ltd., ADR	12,289		119,449
			4,180,688
Indonesia - 0.28%
Aneka Tambang Tbk PT	104,625		15,900

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Indonesia (continued)
Astra Agro Lestari Tbk PT	12,658	$	17,157
Astra International Tbk PT	47,483		84,698
Bank Central Asia Tbk PT	287,274		94,622
Bank Danamon Indonesia Tbk PT	53,759		27,409
Bank Internasional Indonesia Tbk PT	556,000		18,278
Bank Mandiri Tbk PT	221,878		61,500
Bank Rakyat Indonesia Tbk PT	169,501		95,767
Berlian Laju Tanker Tbk PT	64,000		8,948
Bumi Resources Tbk PT	458,780		152,576
Energi Mega Persada Tbk PT *	138,000		7,519
Gudang Garam Tbk PT	16,482		10,215
Indocement Tunggal Prakarsa Tbk PT	26,487		16,565
Indofood Sukses Makmur Tbk PT	122,905		25,215
Indosat Tbk PT, ADR	961		31,386
Indosat Tbk PT	28,500		18,228
International Nickel Indonesia Tbk PT	60,000		19,225
Kalbe Farma Tbk PT	159,571		10,872
Perusahaan Gas Negara Tbk PT	317,485		71,938
PT Telekomunikiasi Indonesia, ADR	4,330		128,947
Semen Gresik Persero Tbk PT	44,140		15,764
Telekomunikasi Indonesia Tbk PT	146,000		109,052
Unilever Indonesia Tbk PT	43,500		34,377
United Tractors Tbk PT	47,796		47,127
			1,123,285
Ireland - 0.36%
Allied Irish Banks PLC - London Exchange	2,483		20,258
Allied Irish Banks PLC	23,589		193,913
Anglo Irish Bank Corp. PLC	23,067		130,852
Bank of Ireland - London Exchange	2,975		16,928
Bank of Ireland	26,967		150,339
C&C Group PLC	229		613
CRH PLC - London Exchange	446		9,529
CRH PLC	14,794		313,073
Elan Corp. PLC *	1,465		15,376
Elan Corp. PLC *	12,765		135,115
Experian Group, Ltd.	29,481		195,383
Greencore Group PLC	24		60
Irish Life & Permanent PLC - London
Exchange	1,209		8,486
Irish Life & Permanent PLC	7,175		50,264
Kerry Group PLC, Class A - London Exchange	3,836		112,327
Kerry Group PLC, Class A - London Exchange	407		11,974
Paddy Power PLC - London Exchange	51		902
Ryanair Holdings PLC, SADR *	1,736		38,938
Smurfit Kappa Group PLC	3,628		15,701
			1,420,031
Israel - 0.52%
Africa-Israel Investments, Ltd.	387		9,767
Alvarion, Ltd., ADR *	814		4,729
Bank Hapoalim, Ltd.	29,084		86,075
Bank Leumi Le-Israel, Ltd.	26,148		88,959
Bezek Israeli Telecommunications Corp., Ltd.	32,276		57,215
Cellcom Israel, Ltd.	1,650		49,599
Check Point Software Technologies, Ltd. *	5,274		119,931
Delek Group, Ltd.	67		5,408

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

194

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Israel (continued)
Discount Investment Corp.	733	$	13,338
Elbit Systems, Ltd.	722		37,640
Gazit Globe, Ltd.	736		5,368
Given Imaging Corp., ADR *	127		1,416
Harel Insurance Investments, Ltd.	238		9,696
ICL Israel Chemicals, Ltd.	15,558		217,187
IDB Development Corp., Ltd.	216		2,832
Israel Corp., Ltd.	71		51,321
Israel Discount Bank, Ltd. *	11,922		17,427
Koor Industries, Ltd.	287		11,653
Makhteshim-Agam Industries, Ltd.	8,446		53,228
Migdal Insurance Holdings, Ltd.	8,348		8,891
Nice Systems, Ltd. *	1,578		43,952
Oil Refineries, Ltd.	28,998		16,833
Ormat Industries	2,418		25,968
Partner Communications, Ltd.	2,403		44,231
RADWARE, Ltd., ADR *	437		3,640
Syneron Medical, Ltd., ADR *	692		9,861
Teva Pharmaceutical Industries, Ltd.	22,441		1,036,709
United Mizrahi Bank, Ltd.	3,253		20,287
			2,053,161
Italy - 2.64%
A2A SpA	34,094		86,996
Alleanza Assicurazioni SpA	11,078		101,830
Assicurazioni Generali SpA	30,736		1,020,346
Autogrill SpA (a)	3,019		34,278
Autostrade SpA	6,788		139,855
Banca Carige SpA	19,120		63,162
Banca Intesa SpA - Non convertible	23,848		113,773
Banca Monte dei Paschi Siena SpA	57,906		144,118
Banca Popolare di Milano SpA	10,841		92,135
Banche Popolari Unite SpA	16,524		361,987
Banco Popolare Societa Cooperativa	19,285		299,582
Bulgari SpA	4,306		38,545
Enel SpA	125,691		1,049,228
Eni SpA	75,048		1,989,227
Fiat SpA	19,842		266,636
Finmeccanica SpA	8,446		183,089
Fondiaria-Sai SpA	1,627		38,403
IFIL - Investments SpA	11,163		50,621
Intesa Sanpaolo SpA	216,012		1,187,975
Italcementi SpA, RNC	1,147		10,810
Italcementi SpA	1,850		22,916
Lottomatica SpA	1,866		48,862
Luxottica Group SpA	3,304		76,020
Mediaset SpA	20,583		130,721
Mediobanca SpA	13,982		189,776
Mediolanum SpA	7,539		34,535
Parmalat SpA	44,971		106,151
Pirelli & Company SpA	64,952		38,323
Prysmian SpA	3,710		72,979
Saipem SpA	7,203		215,521
Snam Rete Gas SpA	25,207		152,335
Telecom Italia SpA - RSP	172,405		195,429
Telecom Italia SpA	296,041		440,591
Terna Rete Elettrica Nationale SpA	34,112		125,412

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
UniCredito Italiano SpA	327,679	$	1,225,305
Unipol Gruppo Finanziario SpA, ADR	26,103		56,013
			10,403,485
Japan - 15.87%
Acom Company, Ltd.	1,197		40,909
Advantest Corp.	3,780		79,930
AEON Company, Ltd.	18,704		191,096
AEON Credit Service Company, Ltd.	1,877		19,158
Aeon Mall Company, Ltd.	1,400		41,726
Aiful Corp. (a)	1,727		13,362
Aioi Insurance Company, Ltd.	16,000		79,807
Aisin Seiki Company	5,079		124,385
Ajinomoto Company, Inc.	17,305		164,931
Alfresa Holdings Corp.	724		35,048
All Nippon Airways Company, Ltd.	17,715		63,107
Alps Electric Company, Ltd.	5,138		40,220
Amada Company, Ltd.	9,829		53,979
Aozora Bank, Ltd.	26,000		40,758
Asahi Breweries, Ltd.	10,701		187,551
Asahi Glass Company, Ltd.	27,191		239,026
Asahi Kasei Corp.	33,963		142,896
ASICS Corp.	5,000		38,870
Astellas Pharmaceuticals, Inc.	13,869		582,765
Bank of Kyoto, Ltd.	9,000		91,856
Benesse Corp.	1,854		75,725
Bridgestone Corp.	17,553		332,305
Brother Industries, Ltd.	6,400		67,765
Canon Marketing Japan, Inc.	2,000		30,635
Canon, Inc.	30,574		1,159,087
Casio Computer Company, Ltd.	7,133		66,971
Central Japan Railway Company, Ltd.	47		443,187
Chiba Bank, Ltd.	22,896		120,046
Chubu Electric Power Company, Inc.	17,977		423,587
Chugai Pharmaceutical Company, Ltd.	7,416		120,848
Chugoku Bank, Ltd.	4,000		55,818
Chugoku Electric Power Company, Inc.	7,600		155,812
Citizen Watch Company, Ltd.	10,135		70,243
Coca-Cola West Japan Company, Ltd.	1,777		40,155
Cosmo Oil Company, Ltd.	12,000		28,464
Credit Saison Company, Ltd.	3,991		65,592
CSK Corp.	1,790		26,158
Dai Nippon Printing Company, Ltd.	16,953		228,669
Daicel Chemical Industries, Ltd.	6,534		29,394
Daido Steel Company, Ltd.	8,000		42,340
Daihatsu Motor Company, Ltd.	7,000		76,582
Daiichi Sankyo Company, Ltd.	19,272		496,571
Daikin Industries, Ltd.	7,115		239,975
Dainippon Ink & Chemicals, Inc.	15,010		28,428
Dainippon Screen Manufacturing
Company, Ltd.	238		771
Dainippon Sumitomo Pharma Company, Ltd.	7,000		57,344
Daito Trust Construction Company, Ltd.	2,319		86,250
Daiwa House Industry Company, Ltd.	13,715		131,123
Daiwa Securities Group, Inc.	40,251		293,178
Dena Company, Ltd.	8		32,233
Denki Kagaku Kogyo Kabushiki Kaisha	16,477		43,348

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

195

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Denso Corp.	13,322	$	326,760
Dentsu, Inc.	60		120,670
Dowa Mining Company, Ltd.	8,534		38,268
East Japan Railway Company	94		701,017
Eisai Company, Ltd.	7,252		283,190
Electric Power Development Company, Ltd.	3,900		125,942
Elpida Memory, Inc. *	3,100		58,264
FamilyMart Company, Ltd.	1,860		78,703
Fanuc, Ltd.	5,279		397,149
Fast Retailing Company, Ltd.	1,266		129,098
Fuji Electric Holdings Company, Ltd.	11,420		27,586
Fuji Heavy Industries, Ltd.	21,000		106,373
Fuji Photo Film Company, Ltd.	13,467		347,191
Fuji Television Network, Inc.	11		14,188
Fujitsu, Ltd.	55,621		312,699
Fukuoka Financial Group, Inc.	23,000		84,640
Furukawa Electric Company, Ltd.	17,362		76,669
Gunma Bank	11,477		65,446
Hakuhodo DY Holdings, Inc.	570		28,120
Hankyu Hanshin Holdings, Inc.	35,000		160,762
Haseko Corp.	26,000		18,673
Hikari Tsushin, Inc.	700		14,986
Hino Motors, Ltd.	7,886		31,885
Hirose Electric Company, Ltd.	983		93,689
Hisamitsu Pharmaceutical Company, Inc.	1,800		78,782
Hitachi Capital Corp.	7		85
Hitachi Chemical, Ltd.	2,484		33,334
Hitachi Construction Machinery Company, Ltd.	3,343		82,628
Hitachi High-Technologies Corp.	1,800		35,694
Hitachi Metals, Ltd.	4,000		47,808
Hitachi, Ltd.	93,118		628,637
Hokkaido Electric Power Company, Inc.	5,568		116,261
Hokuhoku Financial Group, Inc.	32,134		71,710
Hokuriku Electric Power Company	4,800		115,502
Honda Motor Company, Ltd.	47,362		1,436,620
House Food Corp.	101		1,484
Hoya Corp.	11,892		235,911
Ibiden Company, Ltd.	3,700		90,073
Idemitsu Kosan Company, Ltd.	500		40,494
Inpex Holdings, Inc.	22		186,965
Isetan Mitsukoshi Holdings, Ltd. *	9,143		107,276
Ishikawajima-Harima Heavy Industries
Company, Ltd.	36,134		56,778
Isuzu Motors, Ltd.	35,000		97,266
IT Holdings Corp. *	83		1,223
ITO EN, Ltd.	1,706		22,145
Itochu Corp.	41,202		248,208
Itochu Techno-Science Corp.	1,248		31,789
Iyo Bank, Ltd.	7,000		76,307
J Front Retailing Company, Ltd.	13,000		74,998
JAFCO Company, Ltd.	1,253		47,229
Japan Airlines System Corp. *	26,953		55,499
Japan Petroleum Exploration Company, Ltd.	1,000		51,333
Japan Prime Realty Investment Corp., REIT	15		35,566
Japan Real Estate Investment Corp., REIT	11		88,763
Japan Retail Fund Investment Corp., REIT	10		41,114

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Japan Tobacco, Inc.	125	$	471,135
JFE Holdings, Inc.	15,262		473,368
JGC Corp.	5,886		94,431
Joyo Bank, Ltd.	18,953		86,282
JS Group Corp.	6,516		82,030
JSR Corp.	4,833		64,451
Jupiter Telecommunications Company, Ltd. *	100		72,001
Kajima Corp.	24,191		73,078
Kamigumi Company, Ltd.	9,534		71,620
Kaneka Corp.	9,829		54,298
Kansai Electric Power Company, Ltd.	21,178		471,179
Kansai Paint Company, Ltd.	5,238		32,489
Kao Corp.	14,362		385,153
Kawasaki Heavy Industries, Ltd.	39,963		85,265
Kawasaki Kisen Kaisha, Ltd.	16,067		99,401
KDDI Corp.	86		487,161
Keihin Electric Express Railway Company, Ltd. (a)	11,067		72,537
Keio Corp.	15,715		84,630
Keisei Electric Railway Company, Ltd.	9,000		49,551
Keyence Corp.	1,147		228,807
Kikkoman Corp.	4,238		57,404
Kinden Corp.	2,591		24,683
Kintetsu Corp.	47,792		166,549
Kirin Brewery Company, Ltd.	23,896		313,970
Kobe Steel Company, Ltd.	77,517		155,986
Komatsu, Ltd.	25,330		414,690
Konami Corp.	2,343		58,956
Konica Minolta Holdings, Inc.	12,891		147,328
Koyo Seiko Company, Ltd.	5,743		65,526
Kubota Corp.	31,782		200,464
Kuraray Company, Ltd.	10,300		102,384
Kurita Water Industries, Ltd.	3,319		77,737
Kyocera Corp.	4,838		367,232
Kyowa Hakko Kogyo Company, Ltd.	5,611		59,011
Kyushu Electric Power Company, Inc.	10,931		227,852
Lawson, Inc.	1,631		75,214
LeoPalace21 Corp.	3,402		26,306
Mabuchi Motor Company, Ltd.	918		41,743
Makita Corp.	3,543		72,580
Marubeni Corp.	49,202		223,032
Marui Company, Ltd.	8,664		64,702
Maruichi Steel Tube, Ltd.	1,700		46,692
Matsumotokiyoshi Holdings Company, Ltd.	48		919
Matsushita Electric Industrial Company, Ltd.	51,393		885,990
Matsushita Electric Works, Ltd.	11,181		99,293
Mazda Motor Corp.	25,000		101,813
Mediceo Holdings Company, Ltd.	4,590		56,153
Meiji Dairies Corp.	6,886		36,814
Meitec Corp.	83		2,223
Minebea Company, Ltd.	8,477		31,794
Mitsubishi Chemical Holdings Corp., ADR	33,500		177,072
Mitsubishi Corp.	37,856		789,682
Mitsubishi Electric Corp.	56,973		384,401
Mitsubishi Estate Company, Ltd.	32,782		645,974
Mitsubishi Gas & Chemicals Company, Inc.	10,829		52,372
Mitsubishi Heavy Industries, Ltd.	94,937		412,357

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

196

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Mitsubishi Logistics Corp.	2,943	$	37,289
Mitsubishi Materials Corp.	32,020		100,575
Mitsubishi Motors Corp. * (a)	98,000		165,140
Mitsubishi Rayon Company, Ltd.	18,010		44,603
Mitsubishi UFJ Financial Group, Inc.	295,850		2,579,886
Mitsubishi UFJ Lease & Finance
Company, Ltd.	2,070		67,739
Mitsui & Company, Ltd.	48,611		603,472
Mitsui Chemicals, Inc.	20,010		88,215
Mitsui Engineering & Shipbuilding
Company, Ltd.	24,362		46,424
Mitsui Fudosan Company, Ltd.	24,248		468,518
Mitsui Mining & Smelting Company, Ltd.	16,010		37,369
Mitsui O.S.K. Lines, Ltd.	31,487		273,570
Mitsui Sumitomo Insurance Group Holdings,
Inc. *	10,877		370,442
Mitsui Trust Holdings, Inc.	30,010		162,015
Mitsumi Electric Company, Ltd.	2,101		53,351
Mizuho Financial Group, Inc.	271		1,185,123
Mizuho Trust & Banking Company, Ltd.	41,000		56,255
Murata Manufacturing Company, Ltd.	5,704		230,274
Namco Bandai Holdings, Inc.	4,932		54,220
NEC Corp.	59,383		253,810
NEC Electronics Corp. *	1,148		23,986
NGK INSULATORS, Ltd.	7,829		95,846
NGK Spark Plug Company, Ltd.	5,238		50,993
NHK Spring Company, Ltd.	3,000		16,638
NICHIREI Corp.	534		2,844
Nidec Corp.	2,914		179,266
Nikon Corp.	9,181		220,243
Nintendo Company, Ltd.	2,808		1,191,080
Nippon Building Fund, Inc., REIT	13		125,673
Nippon Electric Glass Company, Ltd.	10,000		90,584
Nippon Express Company, Ltd.	20,191		90,137
Nippon Light Metal Company, Ltd.	124		146
Nippon Meat Packers, Inc.	5,238		79,430
Nippon Mining Holdings, Inc.	26,368		106,211
Nippon Oil Corp.	35,906		180,811
Nippon Paper Group, Inc.	30		87,671
Nippon Sheet Glass Company, Ltd.	18,829		97,512
Nippon Steel Corp.	141,464		534,048
Nippon Telegraph & Telephone Corp.	144		642,736
Nippon Yusen Kabushiki Kaisha	32,077		209,097
NIPPONKOA Insurance Company, Ltd.	18,000		101,175
Nishi-Nippon City Bank, Ltd.	18,000		44,946
Nissan Chemical Industries, Ltd.	5,238		48,098
Nissan Motor Company, Ltd.	62,310		421,327
Nisshin Seifun Group, Inc.	4,886		65,773
Nisshin Steel Company	22,953		44,401
Nisshinbo Industries, Inc.	4,591		44,772
Nissin Food Products Company, Ltd.	2,384		84,967
Nitori Company, Ltd.	1,132		67,257
Nitto Denko Corp.	4,468		113,669
NOK Corp.	3,008		33,722
Nomura Holdings, Inc.	48,993		639,364
Nomura Real Estate Holdings, Inc.	1,300		30,965
Nomura Real Estate Office Fund, Inc.	6		41,001

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nomura Research Institute, Ltd.	3,389	$	69,750
NSK, Ltd.	13,715		79,231
NTN Corp.	11,772		61,177
NTT Data Corp.	36		142,326
NTT DoCoMo, Inc.	453		725,115
NTT Urban Development Corp.	37		44,992
Obayashi Corp.	14,362		72,630
OBIC Company, Ltd.	210		34,270
Odakyu Electric Railway Company, Ltd.	15,305		113,286
Oji Paper Company, Ltd.	25,191		126,647
Okuma Holdings, Inc.	4,000		23,211
Olympus Optical Company, Ltd.	6,534		190,974
Omron Corp.	6,539		101,500
Ono Pharmaceutical Company, Ltd.	2,600		120,118
Onward Kashiyama Company, Ltd.	4,591		48,014
Oracle Corp. - Japan	1,048		47,697
Oriental Land Company, Ltd.	1,707		115,723
ORIX Corp.	2,734		342,319
Osaka Gas Company, Ltd.	61,155		210,575
Otsuka Corp.	400		26,104
Pioneer Electronic Corp.	3,979		26,246
Promise Company, Ltd.	2,381		46,073
Q.P. Corp.	13		121
Rakuten, Inc.	170		95,928
Resona Holdings, Inc.	135		182,119
Ricoh Company, Ltd.	19,601		275,609
Rinnai Corp.	48		1,959
Rohm Company, Ltd.	2,673		147,025
SANKYO Company, Ltd.	1,407		71,419
Santen Pharmaceutical Company, Ltd.	2,200		55,925
Sanwa Shutter Corp.	238		899
Sanyo Electric Company, Ltd. *	54,849		95,233
Sapporo Hokuyo Holdings, Inc.	8		40,047
Sapporo Holdings, Ltd.	8,534		63,373
SBI Holdings, Inc.	486		72,755
Secom Company, Ltd.	5,610		233,699
Sega Sammy Holdings, Inc.	5,808		52,537
Seiko Epson Corp.	3,878		90,185
Sekisui Chemical Company, Ltd.	12,772		75,923
Sekisui House, Ltd.	12,362		113,496
Seven & I Holdings Company, Ltd.	23,519		675,698
Sharp Corp.	27,782		303,575
Shikoku Electric Power Company, Inc.	5,100		128,095
Shimadzu Corp.	7,000		56,723
Shimamura Company, Ltd.	624		41,846
Shimano, Inc. *	2,131		73,362
Shimizu Corp.	16,305		77,670
Shin-Etsu Chemical Company, Ltd.	11,589		551,065
Shinko Electric Industries Company, Ltd.	2,000		18,930
Shinko Securities Company, Ltd.	14,000		39,530
Shinsei Bank, Ltd.	23,906		73,530
Shionogi & Company, Ltd.	9,477		191,951
Shiseido Company, Ltd.	9,477		212,222
Shizuoka Bank, Ltd.	18,658		183,699
Showa Denko K.K.	34,839		73,460
Showa Shell Sekiyu K.K.	5,545		54,006

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

197

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
SMC Corp.	1,636	$	170,451
SOFTBANK Corp.	21,512		280,336
Sojitz Holdings Corp.	30,209		70,016
Sompo Japan Insurance, Inc.	23,896		202,822
Sony Corp. *	28,058		865,241
Sony Financial Holdings, Inc.	20		78,743
Square Enix Company, Ltd.	2,200		64,340
Stanley Electric Corp.	3,492		51,227
Sumco Corp.	3,300		52,232
Sumitomo Bakelite Company, Ltd.	238		1,018
Sumitomo Chemical Company, Ltd.	43,554		192,404
Sumitomo Corp.	33,534		312,666
Sumitomo Electric Industries, Ltd.	21,301		231,844
Sumitomo Heavy Industries, Ltd.	14,010		66,796
Sumitomo Metal Industries, Ltd.	112,423		348,528
Sumitomo Metal Mining Company, Ltd.	15,715		157,492
Sumitomo Mitsui Financial Group, Inc.	184		1,153,617
Sumitomo Realty &
Development Company, Ltd.	11,124		242,267
Sumitomo Rubber Industries, Inc.	6,300		56,127
Sumitomo Titanium Corp.	600		19,971
Sumitomo Trust & Banking Company, Ltd.	42,554		283,514
Suruga Bank, Ltd.	4,886		56,872
Suzuken Company, Ltd.	2,077		63,117
Suzuki Motor Corp.	9,600		177,880
T&D Holdings, Inc.	5,659		298,917
TAIHEIYO CEMENT CORP.	24,191		35,269
Taisei Corp.	32,134		83,862
Taisho Pharmaceuticals Company, Ltd.	4,238		84,057
Taiyo Nippon Sanso Corp.	7,181		56,888
Takashimaya Company, Ltd.	9,181		79,995
Takeda Pharmaceutical Company, Ltd.	24,251		1,221,052
Takefuji Corp. (a)	3,444		44,817
Tanabe Seiyaku Company, Ltd.	7,000		97,287
TDK Corp.	3,632		181,911
Teijin, Ltd.	26,896		80,819
Terumo Corp.	4,597		239,800
The 77th Bank, Ltd.	8,477		42,744
The Bank of Yokohama, Ltd.	38,316		189,795
The Hachijuni Bank, Ltd.	11,000		58,354
The Hiroshima Bank, Ltd.	13,000		48,155
The Japan Steel Works, Ltd.	9,000		111,897
The Tokyo Electric Power Company, Ltd.	35,133		864,427
THK Company, Ltd.	4,119		64,091
Tobu Railway Company, Ltd.	22,248		107,879
Toda Corp.	238		947
Toho Company, Ltd.	2,467		51,628
Toho Gas Company, Ltd.	13,000		71,701
Toho Titanium Company, Ltd. (a)	900		13,926
Tohoku Electric Power Company, Inc.	12,720		273,410
Tokai Rika Company, Ltd.	1,700		21,592
Tokio Marine Holdings, Inc.	20,100		737,947
Tokuyama Corp.	6,000		34,813
Tokyo Broadcasting Company, Ltd.	1,148		19,706
Tokyo Electron, Ltd.	5,168		233,858
Tokyo Gas Company, Ltd.	72,165		301,106

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Tokyo Steel Manufacturing Company, Ltd.	3,200	$	35,358
Tokyo Tatemono Company, Ltd.	9,000		42,800
Tokyu Corp.	31,134		148,745
Tokyu Land Corp.	12,829		47,686
TonenGeneral Sekiyu K.K.	7,829		64,302
Toppan Printing Company, Ltd.	16,010		124,858
Toray Industries, Inc.	37,611		176,577
Toshiba Corp.	86,289		376,329
Tosoh Corp.	13,772		40,639
Toto, Ltd.	6,829		50,501
Toyo Seikan Kaisha, Ltd.	3,691		56,659
Toyo Suisan Kaisha, Ltd.	2,295		58,180
Toyobo Company, Ltd.	67		113
Toyoda Gosei Company, Ltd.	1,966		33,404
Toyota Boshoku Corp.	1,600		17,688
Toyota Industries Corp.	5,210		131,482
Toyota Motor Corp.	77,253		3,302,757
Toyota Tsusho Corp.	6,500		85,160
Trend Micro, Inc.	2,767		104,876
Ube Industries, Ltd.	25,963		70,005
UNI Charm Corp.	1,042		79,987
UNY Company, Ltd.	4,238		43,126
Ushio, Inc.	2,343		38,604
USS Company, Ltd.	787		50,616
West Japan Railway Company, Ltd.	50		214,124
Yahoo Japan Corp.	404		132,256
Yakult Honsha Company, Ltd.	3,043		93,767
Yamada Denki Company, Ltd.	2,504		189,800
Yamaguchi Financial Group, Inc.	6,000		73,222
Yamaha Corp.	4,774		81,405
Yamaha Motor Company, Ltd.	5,209		71,145
Yamato Kogyo Company, Ltd.	800		27,953
Yamato Transport Company, Ltd.	11,420		127,906
Yamazaki Baking Company, Ltd.	2,591		31,423
YASKAWA Electric Corp.	7,000		39,860
Yokogawa Electric Corp.	5,686		36,103
			62,553,057
Luxembourg - 0.47%
ArcelorMittal	24,422		1,237,145
Millicom International Cellular SA, ADR *	1,911		131,958
SES, ADR	8,223		170,222
Tenaris SA, ADR	8,220		306,524
			1,845,849
Malaysia - 0.44%
AirAsia BHD *	21,700		7,892
AMMB Holdings BHD	41,287		35,801
Berjaya Sports Toto BHD	22,700		29,688
British American Tobacco Malaysia BHD	3,500		42,292
Bursa Malaysia BHD	8,000		14,945
Commerce Asset Holdings	67,800		151,666
Digi.Com BHD	11,000		71,818
Gamuda BHD	42,200		26,355
Genting BHD	73,500		113,479
Guinness Anchor BHD	3,700		5,611
Hong Leong Bank BHD	12,300		20,207

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

198

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Hong Leong Credit BHD	5,600	$	7,193
IGB Corp. BHD	17,700		7,165
IJM Corp. Berhad *	13,950		19,225
IOI Corp. BHD	104,725		129,069
IOI Properties BHD	2,000		2,567
KLCC Property Holdings BHD	11,300		8,925
KNM Group BHD	117,150		43,405
Kuala Lumpur Kepong BHD	11,350		31,849
Lafarge Malayan Cement BHD	9,360		10,073
Malayan Bank BHD	65,250		129,779
Malaysian Airline System BHD	9,200		9,270
Malaysian Plantations BHD	17,900		13,006
MISC BHD	29,800		70,862
MMC Corp. BHD	16,400		10,550
Petronas Dagangan BHD	6,600		12,608
Petronas Gas BHD	13,100		37,910
PLUS Expressways BHD	38,500		30,277
PPB Group BHD	12,300		30,743
Public Bank BHD	28,000		81,440
Resorts World BHD	75,800		56,467
RHB Capital BHD	8,300		9,713
Sime Darby BHD	78,201		151,171
SP Setia BHD	23,100		20,974
Tanjong PLC	5,700		21,803
Telekom Malaysia, BHD	27,600		26,499
Tenaga Nasional BHD	34,700		69,217
TM International Bhd *	27,600		45,200
UEM World BHD *	19,300		13,465
UMW Holdings BHD	10,600		17,949
YTL Corp. BHD	22,400		41,009
YTL Power International BHD	82,365		42,511
			1,721,648
Mexico - 1.02%
Alfa SA de CV	9,536		42,900
America Movil SA de CV	523,160		1,213,125
Axtel SAB de CV, ADR *	16,700		15,270
Banco Compartamos SA de CV	6,600		18,708
Carso Global Telecom SAB de CV *	23,200		118,795
Cemex SA de CV *	215,377		372,206
Coca-Cola Femsa SA de CV	7,859		39,954
Controladora Comercial Mexicana SA de CV	8,971		20,712
Corp. GEO SA de CV, Series B *	13,848		31,605
Desarrolladora Homex SA de CV *	7,400		54,949
Empresas ICA Sociedad
Controladora SA de CV *	15,900		46,232
Fomento Economico Mexicano SA de CV	63,065		241,211
Grupo Aeroportuario del Pacifico SA de CV,
B Shares	14,100		35,790
Grupo Bimbo SA de CV	8,888		55,913
Grupo Carso SA de CV	19,062		72,856
Grupo Elektra SA de CV	2,100		72,967
Grupo Financiero Banorte SA de CV	38,757		123,679
Grupo Financiero Inbursa SA de CV	34,900		119,987
Grupo Mexico SA	116,825		122,844
Grupo Modelo SA	15,208		64,662
Grupo Televisa SA	70,243		309,130

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Mexico (continued)
Industrias Penoles SA de CV	2,750	$	33,544
Kimberly-Clark de Mexico SA de CV	14,226		61,787
Telefonos de Mexico SA de CV	196,420		251,441
Telmex Internacional SAB de CV *	196,420		129,312
Urbi Desarrollos Urbanos SA de CV *	17,600		41,085
Wal-Mart de Mexico SA de CV, Series V	89,165		312,259
			4,022,923
Netherlands - 1.73%
Aegon NV	42,540		376,365
Akzo Nobel NV	7,457		358,001
ASML Holding NV	10,849		189,604
Corio NV	926		65,790
DSM NV	3,535		167,204
Fugro NV	1,436		84,799
Heineken Holding NV	3,000		117,776
Heineken NV	6,485		260,550
ING Groep NV	51,804		1,110,563
Koninklijke (Royal) KPN NV	50,238		725,534
Koninklijke (Royal) Philips Electronics NV	29,537		801,415
Koninklijke Ahold NV	33,834		390,841
Randstad Holdings NV	2,687		70,653
Reed Elsevier NV	16,909		250,845
SBM Offshore NV	3,495		74,822
SNS Reaal	3,557		40,594
TNT Post Group NV	10,406		288,316
TomTom NV *	1,430		26,299
Unilever NV	45,326		1,275,877
Wolters Kluwer NV	7,859		159,287
			6,835,135
New Zealand - 0.07%
Auckland International Airport, Ltd.	27,201		35,744
Contact Energy, Ltd.	8,018		42,448
Fletcher Building, Ltd.	14,399		65,049
Sky City Entertainment Group, Ltd.	13,069		32,457
Telecom Corp. of New Zealand, Ltd.	54,768		101,314
			277,012
Norway - 0.59%
Acergy SA	5,996		60,614
Aker Kvaerner ASA	5,105		82,667
Den Norske Bank ASA	20,401		158,267
Lighthouse Caledonia ASA *	688		459
Norsk Hydro ASA	20,922		141,542
Orkla ASA	24,683		227,143
Petroleum Geo-Services ASA *	5,272		69,666
ProSafe ASA *	5,400		29,558
Prosafe Production Public, Ltd. *	5,400		12,868
Renewable Energy Corp. ASA *	5,236		97,058
Statoil ASA	37,272		885,707
Storebrand ASA	12,585		74,798
Telenor ASA	24,791		308,709
Yara International ASA	5,212		185,494
			2,334,550
Peru - 0.12%
Cia de Minas Buenaventura SA	5,790		136,669

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

199

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Peru (continued)
Credicorp SA	2,108	$	125,321
Credicorp, Ltd., ADR	90		5,603
Minsur SA	12,216		23,510
Southern Peru Copper Corp.	8,121		156,735
Volcan Compania Minera SA, CMN Series B	16,295		12,566
			460,404
Philippines - 0.08%
Ayala Corp.	4,656		29,488
Ayala Land, Inc.	163,200		32,863
Banco De Oro	8,886		7,388
Bank of the Philippine Islands	40,320		39,809
Filinvest Land, Inc.	98,991		1,373
Globe Telecommunications, Inc.	830		18,333
Jollibee Foods Corp.	10,900		11,822
Manila Electric Company	6,697		8,663
Megaworld Corp.	89,847		2,795
Metropolitan Bank & Trust Company	15,500		11,267
Philippine Long Distance Telephone Company	1,660		95,560
PNOC Energy Development Corp.	166,351		14,489
SM Investments Corp.	4,340		24,319
SM Prime Holdings, Ltd.	136,479		24,567
			322,736
Poland - 0.35%
Agora SA	1,161		13,292
Bank BPH SA *	249		7,229
Bank Millennium SA	8,639		22,872
Bank Pekao SA	4,040		291,609
Bank Zachodni WBK SA	639		41,147
Bioton SA *	37,285		7,250
Boryszew SA *	661		839
BRE Bank SA *	258		34,033
Cersanit-Krasnystaw SA *	2,113		14,661
Computerland SA *	207		1,976
Debica SA	64		1,841
Echo Investment SA *	7,880		13,402
Getin Holding SA *	5,118		19,458
Globe Trade Centre SA *	3,523		32,370
Grupa Lotos SA *	722		8,152
KGHM Polska Miedz SA	3,520		74,559
Orbis SA	867		19,380
PBG SA *	272		26,360
Polimex Mostostal SA	12,839		24,388
Polish Oil & Gas Company	34,491		47,567
Polski Koncern Naftowy Orlen SA	9,416		135,947
Powszechna Kasa Oszczednosci Bank
Polski SA	14,693		269,292
Softbank SA	1,147		29,817
Telekomunikacja Polska SA	20,546		195,976
TVN SA	4,829		36,324
			1,369,741
Portugal - 0.21%
Banco BPI SA	10,251		31,882
Banco Comercial dos Acores SA	61,360		100,378
Banco Espirito Santo SA	5,675		70,368
Brisa Auto Estrada, SA	8,769		87,221

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Portugal (continued)
Cimpor-Cimentos De Portugal SA	6,69 3	$	42,905
Electricidade de Portugal SA	56,926		238,908
Portugal Telecom, SGPS, SA	20,146		202,591
PT Multimedia.com, SGPS, SA	5,234		38,704
Sonae, SGPS, SA	23,914		18,391
			831,348
Russia - 1.39%
Comstar United Telesystems, GDR *	5,644		28,220
JSC MMC Norilsk Nickel, ADR	23,510		321,382
Lukoil Oil Company, ADR	15,208		894,230
Mechel Steel Group, ADR	4,510		81,000
Mobile Telesystems, SADR	6,211		347,878
NovaTek OAO, ADR	2,414		110,139
Novolipetsk Steel, ADR	5,757		106,907
OAO Gazprom, SADR	72,355		2,239,387
OAO Gazprom, SADR	1,840		58,800
Polyus Gold Company ZAO, SADR	4,190		52,375
Rostelecom, ADR	2,023		88,081
Sberbank, ADR	2,607		401,478
Sibirtelecom, ADR	632		3,666
Sistema JSFC, Reg. S, Spons. GDR	3,109		51,460
Surgutneftegaz, ADR	22,165		114,150
Tatneft, ADR	2,024		143,299
UralsvyAzinform, ADR	1,479		5,088
Vimpel-Communications, SADR	14,420		292,726
VolgaTelecom, ADR	1,355		4,201
VTB Bank OJSC, GDR	25,800		106,144
Wimm-Bill-Dann Foods OJSC, ADR *	591		41,961
			5,492,572
Singapore - 0.87%
Ascendas, REIT *	31,395		41,474
Capitacommercial *	28,000		26,035
Capitaland, Ltd.	46,725		101,850
CapitaMall Trust *	40,291		64,252
Chartered Semiconductor Manufacturing, Ltd. *	430		115
City Developments, Ltd.	15,715		98,268
ComfortDelGro Corp., Ltd.	53,269		56,079
Cosco Corp. Singapore, Ltd.	24,000		25,758
DBS Group Holdings, Ltd.	34,316		408,952
Fraser and Neave, Ltd. (a)	33,200		83,273
Genting International PLC *	70,000		22,453
Golden Agri-Resources, Ltd.	136,000		30,323
Jardine Cycle and Carriage, Ltd.	3,924		43,164
Keppel Corp., Ltd.	38,810		214,456
Keppel Land, Ltd.	11,124		22,218
Neptune Orient Lines, Ltd.	13,362		17,041
Olam International, Ltd.	42,700		54,459
Oversea-Chinese Banking Corp., Ltd.	74,448		375,888
Parkway Holdings, Ltd.	44,042		58,340
SembCorp Industries, Ltd.	27,415		62,806
SembCorp Marine, Ltd.	25,706		54,650
Singapore Airlines, Ltd.	15,880		159,529
Singapore Exchange, Ltd.	24,601		107,166
Singapore Press Holdings, Ltd.	45,059		125,713
Singapore Technologies Engineering, Ltd.	40,202		76,344

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

200

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Singapore (continued)
Singapore Telecommunications, Ltd.	234,430	$	535,844
Suntec Real Estate Investment Trust *	191		156
United Overseas Bank, Ltd.	35,963		429,932
United Overseas Land, Ltd.	16,568		29,303
Venture Corp., Ltd.	7,534		40,989
Wilmar International, Ltd.	28,000		49,655
Yanlord Land Group, Ltd.	13,000		8,528
			3,425,013
South Africa - 1.41%
ABSA Group, Ltd.	10,430		138,237
Adcock Ingram Holdings, Ltd. *	4,907		19,962
African Bank Investments, Ltd.	27,463		84,810
African Rainbow Minerals, Ltd.	3,286		63,126
Anglo Platinum, Ltd.	2,090		190,581
AngloGold Ashanti, Ltd.	10,056		233,616
Aspen Pharmacare Holdings, Ltd. *	6,829		35,438
Aveng, Ltd.	10,687		81,614
Barloworld, Ltd.	6,212		48,674
Bidvest Group, Ltd. *	7,684		98,322
Discovery Holdings, Ltd., ADR	1		3
FirstRand, Ltd.	82,249		169,361
Foschini, Ltd.	6,113		29,611
Gold Fields, Ltd.	18,386		177,433
Harmony Gold Mining Company, Ltd. *	10,168		99,546
Hulamin, Ltd.	107		221
Impala Platinum Holdings, Ltd.	15,807		322,690
Imperial Holdings, Ltd.	5,062		36,356
Investec, Ltd.	4,948		28,951
Kumba Iron Ore, Ltd.	2,433		56,749
Kumba Resources, Ltd.	3,477		36,462
Liberty Group, Ltd.	3,638		29,835
Massmart Holdings, Ltd.	5,969		54,644
Mittal Steel South Africa, Ltd.	5,794		116,924
MTN Group, Ltd.	46,399		654,712
Murray & Roberts Holdings, Ltd.	8,631		101,374
Naspers, Ltd.	11,905		235,140
Nedbank Group, Ltd.	6,222		78,782
Network Healthcare Holdings, Ltd. *	37,390		37,638
Northam Platinum, Ltd.	5,619		30,979
Pick'n Pay Stores, Ltd.	6,260		22,598
Pretoria Portland Cement Company, Ltd.	15,497		59,096
Remgro, Ltd.	13,873		321,050
Reunert, Ltd.	5,060		35,641
RMB Holdings, Ltd.	26,897		86,241
Sanlam, Ltd.	66,683		143,551
Sappi, Ltd.	6,291		61,735
Sasol, Ltd.	17,464		745,376
Shoprite Holdings, Ltd.	12,856		73,101
Standard Bank Group, Ltd.	32,158		369,624
Steinhoff International Holdings, Ltd. *	29,777		57,208
Super Group, Ltd. *	2,898		1,180
Telkom SA, Ltd.	8,779		112,327
Tiger Brands, Ltd.	4,907		82,199
Truworths International, Ltd.	13,754		48,973
Woolworths Holdings, Ltd.	24,928		35,625
			5,547,316

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
South Korea - 2.32%
Amorepacific Corp.	90	$	48,664
Asiana Airlines	814		3,057
Cheil Industries, Inc.	1,420		62,378
CJ CheilJedang Corp. *	210		34,146
Daegu Bank	3,940		35,191
Daelim Industrial Company	810		50,323
Daewoo Engineering & Construction
Company, Ltd.	4,550		52,594
Daewoo International Corp.	1,350		35,507
Daewoo Securities Company, Ltd.	3,570		52,601
Daewoo Shipbuilding & Marine Engineering
Company, Ltd.	2,970		74,970
DC Chemical Company, Ltd.	340		93,482
Dongbu Insurance Company, Ltd.	990		22,896
Dongkuk Steel Mill Company, Ltd.	1,070		33,044
Doosan Corp. *	370		37,232
Doosan Heavy Industries and Construction
Company, Ltd.	900		67,225
Doosan Infracore Company, Ltd.	2,090		34,333
GS Engineering & Construction Corp.	1,110		89,640
GS Holdings Corp.	1,880		48,359
Hana Financial Group, Inc.	3,590		84,427
Hanjin Heavy Industries & Construction
Company, Ltd.	1,043		31,239
Hanjin Shipping Company, Ltd.	1,680		39,113
Hankook Tire Company, Ltd.	3,350		47,005
Hanwha Chem Corp.	2,217		20,549
Hanwha Corp.	1,280		48,841
Hite Holdings Company, Ltd.	200		4,806
Hite Holdings Company, Ltd. *	159		28,982
Honam Petrochemical Corp.	390		22,476
Hynix Semiconductor, Inc. *	9,830		162,889
Hyosung Corp.	700		37,073
Hyundai Department Store Company, Ltd.	400		31,103
Hyundai Development Company	1,990		74,332
Hyundai Engineering & Construction
Company, Ltd.	1,380		82,780
Hyundai Heavy Industries	1,250		289,379
Hyundai Mipo Dockyard	380		55,651
Hyundai Mobis	1,720		133,232
Hyundai Motor Company, Ltd.	4,460		279,104
Hyundai Securities Company, Ltd.	4,165		42,220
Hyundai Steel Company	1,810		90,809
Industrial Bank of Korea	4,960		60,008
Kangwon Land, Inc.	3,350		40,913
KCC Corp.	150		46,790
Kia Motors Corp. *	5,990		74,919
Kookmin Bank	2,130		88,969
Korea Electric Power Corp., ADR	12,176		150,861
Korea Electric Power Corp.	1,920		48,318
Korea Exchange Bank	7,290		67,704
Korea Gas Corp.	620		35,726
Korea Investment Holdings Company, Ltd.	1,160		31,731
Korea Line Corp.	160		20,888
Korea Zinc Company, Ltd.	340		27,500
Korean Air Lines Company, Ltd.	1,139		36,255
Korean Reinsurance Company, Ltd.	15		118

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

201

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
KT Corp., SADR	6,342	$	106,482
KT Corp.	690		23,826
KT Freetel Company, Ltd. *	2,230		55,263
KT&G Corp.	3,440		256,752
Kumho Industrial Company, Ltd.	540		10,536
LG Chem, Ltd.	1,505		118,084
LG Corp.	2,970		154,652
LG Dacom Corp.	1,000		17,762
LG Electronics, Inc.	2,730		252,603
LG Household & Health Care, Ltd.	310		51,843
LG Philips LCD Company, Ltd., ADR	2,360		29,972
LG Philips LCD Company, Ltd.	4,390		111,813
LG Telecom, Ltd.	3,558		29,691
Lotte Confectionery Company, Ltd.	20		17,203
Lotte Shopping Company, Ltd.	270		61,426
LS Cable, Ltd.	520		35,240
Mirae Asset Securities Company, Ltd.	554		48,800
NHN Corp. *	1,144		146,743
Pacific Corp.	20		2,056
POSCO	1,780		667,748
Pusan Bank	3,930		35,501
Samsung Card Company, Ltd.	950		32,406
Samsung Corp.	3,840		170,185
Samsung Electro-Mechanics Company, Ltd.	1,870		59,647
Samsung Electronics Company, Ltd.	3,190		1,461,828
Samsung Engineering Company, Ltd.	1,000		62,286
Samsung Fire & Marine
Insurance Company, Ltd.	1,170		204,816
Samsung Heavy Industries Company, Ltd.	5,340		142,190
Samsung SDI Company, Ltd. *	1,070		78,167
Samsung Securities Company, Ltd. (a)	1,660		104,962
Samsung Techwin Company, Ltd.	1,460		32,387
Shinhan Financial Group Company, Ltd.	10,020		358,491
Shinsegae Company, Ltd.	430		202,952
SK Corp.	1,039		96,748
SK Energy Company, Ltd.	1,870		141,685
SK Networks Company, Ltd. *	3,090		31,244
SK Telecom Company, Ltd., ADR	9,437		177,604
SK Telecom Company, Ltd.	60		10,270
S-Oil Corp.	1,400		80,640
STX Pan Ocean Company, Ltd.	36,500		55,889
STX Shipbuilding Company, Ltd.	1,300		25,330
Taihan Electric Wire Company, Ltd.	580		14,518
Tong Yang Investment Bank	2,376		17,404
Woongjin Coway Company, Ltd.	1,150		29,028
Woori Finance Holdings Company, Ltd.	6,580		67,555
Woori Investment & Securities Company, Ltd.	2,910		45,548
			9,150,128
Spain - 3.01%
Abertis Infraestructuras SA	6,862		135,066
Acciona SA	731		111,411
Acerinox SA	3,649		65,360
ACS Actividades SA	5,561		225,135
Banco Bilbao Vizcaya Argentaria SA	102,850		1,663,159
Banco de Sabadell SA	24,976		194,116
Banco Popular Espanol SA	23,046		274,513

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain (continued)
Banco Santander Central Hispano SA	180,097	$	2,700,432
Bankinter SA, ADR	8,821		110,881
Cintra Concesiones de Infraestructuras de
Transporte SA	5,536		65,064
Corporacion Mapfre SA	13,850		60,544
Criteria Caixacorp SA	26,766		128,689
Enagas	4,034		86,989
Fomento de Construcciones SA	1,025		46,305
Gamesa Corporacion Tecnologica SA	5,577		191,079
Gas Natural SDG SA	2,796		103,784
Gestevision Telecinco SA	1,894		19,357
Grifols SA	3,478		88,868
Grupo Ferrovial SA	1,536		70,609
Iberdrola Renovables *	22,984		100,428
Iberdrola SA	101,445		1,030,576
Iberia Lineas Aereas de Espana SA	12,537		30,517
Indra Sistemas SA	3,134		74,683
Industria de Diseno Textil SA	5,872		248,466
Promotora de Informaciones SA	2,061		13,917
Red Electrica De Espana	2,723		138,659
Repsol YPF SA	19,929		590,614
Sacyr Vallehermoso SA	1,893		31,416
Telefonica SA	123,739		2,942,211
Union Fenosa SA	9,273		226,706
Zardoya Otis SA	3,550		77,496
Zeltia SA *	175		1,103
			11,848,153
Sweden - 1.42%
Alfa Laval AB	9,604		99,383
Assa Abloy AB, Series B	7,699		93,231
Atlas Copco AB, Series A, ADR	17,518		199,022
Atlas Copco AB, Series B, ADR	11,201		113,172
Boliden AB	8,500		35,746
Electrolux AB, Series B	6,076		71,083
Ericsson LM, Series B	80,490		764,396
Getinge AB, Series B	4,781		98,544
Hennes & Mauritz AB, B shares	13,932		570,457
Holmen AB, Series B	1,571		51,118
Husqvarna AB, B Shares	7,638		57,449
Investor AB, B shares	12,400		232,201
Lundin Petroleum AB, Series A *	5,165		43,154
Modern Times Group AB, Series B	1,185		42,688
Nordea Bank AB	56,802		678,155
Sandvik AB	26,311		278,743
Scania AB, Series B	9,152		112,718
Securitas AB, Series B	8,899		100,238
Skandinaviska Enskilda Banken AB, Series A	12,467		194,451
Skanska AB, Series B	9,559		108,803
SKF AB, B Shares	10,752		137,361
SSAB Svenskt Stal AB, Series A	4,422		70,316
SSAB Svenskt Stal AB, Series B	2,192		30,285
Svenska Cellulosa AB, ADR	14,576		154,409
Svenska Handelsbanken AB, Series A	13,439		300,983
Swedbank AB, A shares	9,800		128,120
Swedish Match AB	7,653		133,777
Tele2 AB, Series B	7,740		88,331

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

202

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Sweden (continued)
Teliasonera AB	60,043	$	341,225
Volvo AB, Series A	703		5,966
Volvo AB, Series B	28,920		261,280
			5,596,805
Switzerland - 5.70%
ABB, Ltd. *	63,433		1,229,231
Actelion, Ltd. *	3,136		161,593
Adecco SA	4,055		176,156
Baloise Holding AG	1,633		111,493
Compagnie Financiere
Richemont AG, Series A	15,251		673,842
Credit Suisse Group AG	30,343		1,417,077
EFG International, ADR	1,808		52,199
Geberit AG, ADR	1,210		148,392
Givaudan AG	203		169,557
Holcim, Ltd.	6,237		457,118
Julius Baer Holding AG	6,317		314,147
Kuehne & Nagel International AG	1,719		114,696
Lindt & Spruengli AG, ADR	30		73,148
Logitech International SA *	5,503		125,616
Lonza Group AG	1,416		177,667
Nestle SA	112,990		4,883,146
Nobel Biocare Holding AG, Series BR	3,630		121,418
Novartis AG	66,801		3,517,041
Pargesa Holding SA, ADR	926		79,695
Phonak Holding AG	1,549		100,991
Roche Holdings AG - Genusschein	20,231		3,166,997
Schindler Holding AG	1,642		98,845
Societe Generale de Surveillance Holdings AG	145		170,652
Straumann Holding AG	290		80,350
Sulzer AG	1,040		110,653
Swatch Group AG, BR shares	994		183,477
Swatch Group AG	1,748		58,570
Swiss Life Holding *	1,036		150,412
Swiss Re	10,312		572,372
Swisscom AG	694		206,824
Syngenta AG	3,039		640,876
Synthes AG	1,827		252,751
UBS AG *	84,196		1,439,114
Unaxis Holding AG *	257		50,907
Zurich Financial Services AG	4,234		1,172,481
			22,459,504
Taiwan - 1.64%
Acer Sertek, Inc.	62,843		107,003
Advanced Semiconductor Engineering, Inc.	103,940		52,973
Advantech Company, Ltd.	6,614		12,756
Asia Cement Corp.	45,792		40,738
Asia Optical Company, Inc.	4,079		5,537
Asustek Computer, Inc.	89,550		177,231
AU Optronics Corp.	164,056		185,558
BenQ Corp.	33,048		12,674
Catcher Technology Company, Ltd. *	10,400		33,408
Cathay Financial Holdings Company, Ltd.	154,350		213,134
Cathay Real Estate Development
Company, Ltd.	22,000		6,203
Chang Hwa Commercial Bank, Ltd.	99,000		50,537

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Cheng Shin Rubber Industry Company, Ltd.	18,457	$	22,152
Cheng Uei Precision Industry Company, Ltd.	6,615		11,726
Chi Mei Optoelectronics Corp.	102,648		67,587
China Airlines, Ltd. *	30,895		6,705
China Development Financial Holdings Corp.	245,989		74,585
China Motor Company, Ltd.	13,065		4,413
China Steel Corp.	220,131		220,012
Chinatrust Finance Holding Company, Ltd.	198,799		109,095
Chunghwa Picture Tubes, Ltd.	164,000		26,087
Chunghwa Telecom Company, Ltd. *	121,818		286,569
CMC Magnetics Corp. *	65,000		13,025
Compal Communications, Inc.	5,512		5,989
Compal Electronics, Inc.	77,832		57,011
Delta Electronics, Inc.	40,698		106,607
D-Link Corp.	13,317		11,515
E.Sun Financial Holding Company, Ltd.	82,160		22,201
Epistar Corp.	10,064		13,658
Eternal Chemical Company, Ltd.	13,552		8,104
EVA Airways Corp. *	30,000		7,627
Evergreen Marine Corp.	25,000		11,414
Everlight Electronics Company, Ltd.	6,119		12,822
Far Eastern Department Stores Company, Ltd.	16,800		11,069
Far Eastern Textile, Ltd.	70,390		49,833
Far EasTone Telecommunications Company,
Ltd.	16,159		20,710
Firich Enterprises Company, Ltd.	2,704		7,736
First Financial Holding Company, Ltd.	118,707		74,334
Formosa Chemicals & Fibre Corp.	75,000		130,155
Formosa Petrochemical Corp.	47,000		109,242
Formosa Plastic Corp.	103,000		167,324
Formosa Taffeta Company, Ltd.	18,000		11,603
Foxconn Technology Company, Ltd.	11,385		37,251
Fubon Group Company, Ltd.	96,000		69,469
Fuhwa Financial Holdings Company, Ltd.	150,130		83,081
HannStar Display Corp.	105,031		23,312
High Tech Computer Corp.	14,820		230,025
Hon Hai Precision Industry Company, Ltd.	147,687		528,970
Hua Nan Financial Holdings Company, Ltd.	89,760		55,813
InnoLux Display Corp.	56,840		76,211
Inotera Memories, Inc. *	77,380		23,305
Inventec Appliances Corp.	5,774		6,628
Inventec Company, Ltd.	37,485		18,412
KGI Securities Company, Ltd.	57,000		21,992
Kinsus Interconnect Technology Corp.	7,035		9,851
Largan Precision Company, Ltd.	3,121		32,737
Lite-On Technology Corp.	46,040		40,221
Macronix International Company, Ltd.	68,858		20,197
MediaTek, Inc.	21,260		220,453
Mega Financial Holding Company, Ltd.	228,000		104,551
Mitac International	25,814		12,525
Mosel Vitelic, Inc. *	23,690		9,153
Motech Industries, Inc.	3,598		16,206
Nan Ya Plastics Corp.	128,000		189,668
Nan Ya Printed Circuit Board Corp.	5,132		16,024
Nanya Technology Corp. *	54,587		12,736
Novatek Microelectronics Corp., Ltd.	11,325		16,912

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

203

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Pan-International Industrial Company, Ltd.	6,300	$	7,498
Polaris Securities Company, Ltd.	56,282		22,379
Pou Chen Corp.	57,213		35,381
Powerchip Semiconductor Corp. *	177,963		27,414
Powertech Technology, Inc.	11,385		25,320
President Chain Store Corp.	11,000		32,427
ProMOS Technologies, Inc. *	146,000		15,168
Quanta Computer, Inc.	49,378		61,846
Realtek Semiconductor Corp.	10,710		18,230
Richtek Technology Corp.	2,200		11,908
Shin Kong Financial Holding Company, Ltd.	85,530		29,554
Siliconware Precision Industries Company	63,855		72,617
Sino-American Silicon Products, Inc.	4,349		13,993
SinoPac Holdings Company, Ltd.	138,000		38,550
Synnex Technology International Corp.	19,635		30,778
Taishin Financial Holdings Company, Ltd.	119,000		23,542
Taiwan Cellular Corp.	44,842		71,876
Taiwan Cement Corp.	66,397		39,682
Taiwan Cooperative Bank	35,650		19,843
Taiwan Fertilizer Company, Ltd.	17,000		31,753
Taiwan Glass Industrial Corp.	18,938		10,862
Taiwan Secom Company, Ltd.	6,000		8,663
Taiwan Semiconductor
Manufacturing Company, Ltd.	551,450		924,799
Tatung Company, Ltd. *	96,000		20,956
Teco Electric & Machinery Company, Ltd.	40,000		14,035
Transcend Information, Inc.	6,297		10,208
Tripod Technology Corp.	9,667		18,559
Tung Ho Steel Enterprise Corp.	16,000		13,407
U-Ming Marine Transport Corp.	10,000		14,413
Unimicron Technology Corp.	20,604		16,645
Uni-President Enterprises Corp.	72,345		65,297
United Microelectronics Corp.	337,313		108,648
Vanguard International Semiconductor Corp.	25,126		9,299
Via Technologies, Inc. *	23,000		10,056
Wafer Works Corp.	4,120		8,707
Walsin Lihwa Corp.	74,000		20,116
Wan Hai Lines, Ltd.	26,250		11,784
Winbond Electronics Corp. *	81,000		9,938
Wintek Corp.	21,000		8,422
Wistron Corp.	27,799		34,542
Ya Hsin Industrial Company, Ltd. *	22,000		0
Yageo Corp.	56,000		11,332
Yang Ming Marine Transport Corp.	31,044		10,838
Yulon Motor Company, Ltd.	17,510		9,655
Zinwell Corp.	5,904		8,376
			6,463,681
Thailand - 0.26%
Advanced Info Service PCL	24,700		58,723
Airports of Thailand PLC	12,200		11,169
Bangkok Bank PCL, Foreign Shares	23,100		70,774
Bangkok Bank PCL	9,700		29,630
Bank of Ayudhya PCL	99,000		48,139
Banpu PCL - Foreign Shares	4,100		36,730
BEC World PCL	25,900		16,293
C.P. Seven Eleven PCL	56,395		17,988

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Thailand (continued)
Central Pattana PCL	16,900	$	8,235
Electricity Generating PCL, Foreign Shares	800		1,494
Glow Energy PCL	13,200		10,915
IRPC PCL	214,900		25,768
Kasikornbank PCL - Foreign Shares	42,600		80,688
Krung Thai Bank PCL	79,500		14,205
Land & Houses PCL, Foreign Shares	58,600		11,120
PTT Aromatics & Refining PCL	29,486		18,026
PTT Chemical PCL	7,797		13,356
PTT Exploration & Production PCL	36,400		136,527
PTT PCL - Foreign Shares	26,100		175,747
Ratchaburi Electricity Generating Holding PCL	8,400		8,683
Siam Cement PCL - Foreign Shares	11,700		46,648
Siam Cement PCL	400		1,523
Siam City Cement PCL (a)	1,800		8,612
Siam Commercial Bank PCL	35,200		71,211
Thai Oil Public Company, Ltd.	33,400		40,936
TMB Bank PCL *	1,053,100		31,102
Total Access Communication PCL	31,700		37,332
			1,031,574
Turkey - 0.33%
Adana Cimento Sanayii Turk Anonim Sirketi,
Class A	526		1,588
Akbank AS	26,945		137,946
Akcansa Cimento AS	635		1,986
Aksigorta AS	3,270		11,138
Anadolu Efes Biracilik Ve Malt Sanayii AS	6,968		71,557
Arcelik AS (a)	2,672		7,470
Asya Katilim Bankasi AS *	5,199		7,998
BIM Birlesik Magazalar AS	1,590		49,323
Dogan Sirketler Grubu Holdings AS *	16,382		18,984
Dogan Yayin Holding AS *	6,772		7,831
Enka Insaat ve Sanayi AS	8,410		56,803
Eregli Demir ve Celik Fabrikalari TAS	17,764		89,347
Ford Otomotiv Sanayi AS	1,875		10,145
HACI Omer Sabanci Holdings, AS	13,936		52,404
Is Gayrimenkul Yatirim Ortakligi AS	2,702		1,885
KOC Holdings AS *	12,478		37,751
Migros Turk TAS	3,043		52,341
Petkim Petrokimya Holding AS *	2,188		7,451
Tekfen Holding AS	5,722		32,227
Tofas Turk Otomobil Fabrik AS	3,340		6,915
Trakya Cam Sanayi AS *	2,537		2,502
Tupras Turkiye Petrol Rafine AS	3,873		70,652
Turk Sise ve Cam Fabrikalari AS *	8,877		10,854
Turk Telekomunikasyon AS *	19,997		60,172
Turkcell Iletisim Hizmetleri AS	16,462		100,484
Turkiye Garanti Bankasi AS *	62,916		148,902
Turkiye Halk Bankasi AS	9,317		41,527
Turkiye Is Bankasi AS	28,878		119,762
Turkiye Vakiflar Bankasi Tao (a)	22,351		36,573
Yapi ve Kredi Bankasi AS *	24,797		52,051
			1,306,569
United Kingdom - 15.24%
3i Group PLC	10,364		131,226

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

204

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Alliance & Leicester PLC	8,064	$	39,316
AMEC PLC	8,624		98,921
Anglo American PLC	37,159		1,255,218
Antofagasta PLC	10,729		77,937
Associated British Foods PLC	9,692		122,990
AstraZeneca Group PLC	41,684		1,824,070
Astro All Asia Networks PLC, GDR	12,500		11,025
Aviva PLC	76,646		666,684
BAE Systems PLC	102,688		757,009
Barclays PLC	233,558		1,387,671
Berkeley Group Holdings PLC *	2,430		33,204
BG Group PLC	93,921		1,703,356
BHP Billiton PLC	61,996		1,404,470
BICC PLC	15,213		82,659
BP PLC	537,995		4,480,581
British Airways PLC	17,780		54,244
British American Tobacco PLC	43,401		1,416,924
British Energy Group PLC	30,813		418,710
British Land Company PLC	15,160		204,488
British Sky Broadcasting Group PLC	31,409		233,680
BT Group PLC	221,418		641,902
Bunzl PLC	10,303		121,210
Burberry Group PLC	11,807		83,488
Cable & Wireless PLC	66,898		198,664
Cadbury PLC	37,221		376,450
Cairn Energy PLC *	3,560		132,875
Capita Group PLC	15,673		195,061
Carnival PLC	4,177		124,496
Carphone Warehouse	11,366		35,103
Cattles PLC	227		316
Centrica PLC	105,260		592,272
Cobham PLC	32,858		111,694
Compass Group PLC	52,560		325,977
Daily Mail and General Trust PLC	8,321		48,021
Diageo PLC	73,815		1,259,245
Enterprise Inns PLC	15,585		50,326
Eurasian Natural Resources Corp.	8,146		74,178
FirstGroup PLC	12,646		120,728
Friends Provident Ethical Investment
Trust PLC	74,286		126,346
GKN PLC	16,950		60,203
GlaxoSmithKline PLC	156,041		3,380,268
Group 4 Securicor PLC	33,367		120,663
Hammerson PLC	8,779		154,773
Hays PLC	46,107		66,763
HBOS PLC	103,062		233,825
Home Retail Group	25,636		108,037
HSBC Holdings PLC	338,307		5,473,220
ICAP PLC	15,278		98,543
IMI PLC	7,256		48,958
Imperial Tobacco Group PLC	28,307		908,676
Inchcape PLC	14,273		48,214
Intercontinental Hotels Group PLC	8,732		108,188
International Personal Finance PLC	84		376
International Power PLC	43,772		283,235
Invensys PLC *	23,699		88,058

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Investec PLC	10,649	$	58,185
ITV PLC	80,304		60,306
J Sainsbury PLC	29,856		187,244
Johnson Matthey PLC	5,978		145,429
Kazakhmys PLC	5,570		58,496
Kingfisher PLC	66,609		158,792
Ladbrokes PLC	15,045		50,806
Land Securities Group PLC	12,525		282,884
Legal & General Group PLC	168,404		303,924
Liberty International PLC	7,346		127,025
Lloyds TSB Group PLC	158,117		635,361
Logica PLC	41,317		80,838
London Stock Exchange Group PLC	4,090		64,764
Lonmin PLC, ADR	4,252		173,902
Man Group PLC, ADR	50,627		309,375
Marks & Spencer Group PLC	49,154		179,543
Meggitt PLC	18,214		61,288
Mitchells & Butlers PLC	7,632		30,258
Mondi PLC	10,929		51,007
National Express Group PLC	3,116		45,058
National Grid PLC	70,788		898,519
Next Group PLC	5,545		102,240
Old Mutual PLC	151,076		211,464
Pearson PLC	23,570		255,352
Persimmon PLC	8,692		63,245
Pharmstandard *	2,679		46,481
PIK Group	3,416		17,946
Prudential PLC	72,952		665,175
Punch Taverns PLC	7,917		19,363
Reckitt Benckiser PLC	16,801		814,594
Reed Elsevier PLC	31,784		316,497
Rentokil Initial PLC	56,546		70,157
Rexam PLC	18,218		129,437
Rio Tinto PLC	28,511		1,789,330
Rolls-Royce Group PLC *	50,855		307,925
Royal & Sun Alliance PLC	86,993		232,588
Royal Bank of Scotland Group PLC	473,113		1,526,222
Royal Dutch Shell PLC, A Shares	101,598		2,934,193
Royal Dutch Shell PLC, B Shares	78,832		2,214,614
SABMiller PLC	25,806		503,854
Schroders PLC	3,005		55,436
Scottish & Southern Energy PLC	24,423		621,462
Segro PLC, REIT	13,223		99,696
Serco Group PLC	13,368		87,183
Severn Trent PLC	6,269		152,115
Shire, Ltd.	15,216		240,613
Smith & Nephew PLC	24,494		258,692
Smiths Group PLC	11,063		200,609
Stagecoach Group PLC	17,095		77,688
Standard Chartered PLC	40,904		1,006,465
Standard Life PLC	61,931		269,987
Tate & Lyle PLC	13,424		92,223
Taylor Woodrow PLC	32,947		21,345
Tesco PLC	225,281		1,566,826
The Sage Group PLC	34,456		120,687
Thomas Cook Group PLC	12,688		50,345

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

205

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Thomson Reuters PLC *	5,616	$	125,490
Tomkins PLC	27,912		77,933
TUI Travel PLC	14,401		55,685
Tullow Oil PLC	20,133		257,407
Unilever PLC	38,536		1,047,827
United Business Media, Ltd.	6,257		55,117
United Utilities Group PLC *	19,521		242,255
Vedanta Resources PLC	3,694		77,428
Vodafone Group PLC	1,549,813		3,422,653
Whitbread PLC	5,742		108,604
William Hill PLC	11,292		47,616
William Morrison Supermarket PLC	66,256		308,117
Wolseley PLC	17,594		132,985
WPP Group PLC	30,470		246,458
Xstrata PLC	17,773		553,888
			60,069,251
United States - 0.19%
HDFC Bank Ltd	2,500		212,375
KB Financial Group, Inc. *	7,870		359,580
SNC-Lavalin Group, Inc.	4,613		166,792
Southern Copper Corp.	462		8,815
			747,562
TOTAL COMMON STOCKS (Cost $401,859,616)		$	373,123,393
PREFERRED STOCKS - 1.51%
Brazil - 1.23%
Aracruz Celulose SA (i)	8,100		28,647
Banco Bradesco SA (i)	28,284		459,881
Banco Itau Holding Financeira SA (i)	36,055		604,422
Bradespar SA (i)	7,100		99,622
Brasil Telecom Participacoes SA (i)	4,700		46,187
Brasil Telecom SA (i)	5,929		49,042
Braskem SA, A Shares (i)	4,100		21,912
Centrais Eletricas Brasileiras SA (i)	5,500		69,512
Cia Brasileira de Distribuicao Grupo Pao de
Acucar (i)	2,500		43,355
Cia de Bebidas das Americas (i)	3,011		166,144
Cia de Gas de Sao Paulo, A Shares (i)	600		12,928
Cia Energetica de Minas Gerais (i)	4,590		90,695
Cia Energetica de Sao Paulo (i)	4,497		38,993
Cia Paranaense de Energia (i)	2,900		40,233
Cia Vale do Rio Doce (i)	36,900		634,295
Companhia de Bebidas das Americas, ADR (i)	1,893		103,377
Duratex SA (i)	3,000		35,472
Eletropaulo Metropolitana de Sao Paulo SA (i)	2,606		36,292
Fertilizantes Fosfatados SA (i)	4,400		35,262
Gerdau SA (i)	10,500		117,035
Gol Linhas Aereas Inteligentes SA (i)	2,900		18,212
Investimentos Itau SA (i)	62,049		310,424
Klabin SA (i)	16,000		33,297
Lojas Americanas SA (i)	11,600		50,901
Metalurgica Gerdau SA (i)	8,200		127,984
Net Servicos de Comunicacao SA * (i)	3,355		28,615
Petroleo Brasileiro SA (i)	54,800		1,010,815
Sadia SA, ADR (i)	12,000		35,945

International Equity Index Trust B (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS (continued)
Brazil (continued)
Suzano Papel e Celulose SA (i)	4,200	$	35,866
Tam SA (i)	2,891		54,693
Tele Norte Leste Participacoes SA (i)	5,000		85,396
Telemar Norte Leste SA, Series A (i)	1,600		49,188
Telemig Celular Participacoes SA	516		9,759
Tim Participacoes SA (i)	23,851		49,510
Usinas Siderurgicas de Minas Gerais SA,
Series A (i)	5,175		110,168
Vivo Participacoes SA * (i)	17,100		70,003
Votorantim Celulose e Papel SA (i)	2,000		30,270
			4,844,352
Germany - 0.19%
Bayerische Motoren Werke (BMW) AG (i)	1,896		58,150
Porsche Automobil Holding SE (i)	2,362		256,136
RWE AG (i)	1,069		76,875
Volkswagen AG (i)	2,840		353,565
			744,726
Italy - 0.01%
IFI-Istituto Finanziario Industriale SpA * (i)	1,531		16,912
Unipol SpA (i)	18,946		32,185
			49,097
Malaysia - 0.00%
Malaysian Airline System BHD * (i)	2,300		551
Russia - 0.02%
Surgutneftegaz SADR (i)	21,410		56,736
South Korea - 0.06%
Hyundai Motor Company (i)	1,000		21,581
LG Electronics, Inc. (i)	780		31,491
Samsung Electronics Company, Ltd. (i)	610		192,357
			245,429
TOTAL PREFERRED STOCKS (Cost $5,099,885)		$	5,940,891
WARRANTS - 0.00%
Indonesia - 0.00%
Bank Pan Indonesia Tbk PT
(Expiration Date: 07/10/2009, Strike
Price: IDR 400.00) *	33,314		1,484
Malaysia - 0.00%
IJM Land Berhad
(Expiration Date: 09/11/2013, Strike
Price: MYR 1.35) *	1,395		91
TOTAL WARRANTS (Cost $317)		$	1,575
RIGHTS - 0.00%
Brazil - 0.00%
Cosan SA Industria e Comercio (Expiration
Date: 10/22/2008, Strike Price: BRL 16.00) *	708		45
EDP - Energias do Brasil SA *	970,354		0
			45
Japan - 0.00%
Dowa Mining Company, Ltd. (Expiration Date:
01/29/2010, Strike Price: JPY 1.00) *	6,534		1,425

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

206

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Equity Index Trust B (continued)
		Shares or
		Principal
		Amount		Value
RIGHTS (continued)
South Africa - 0.00%
Super Group, Ltd. *		1,449	$	7
TOTAL RIGHTS (Cost $0)			$	1,477
SHORT TERM INVESTMENTS - 1.48%
AIM Short-Term Investment Trust,
STIC Prime Portfolio,
Institutional Class	$	5,005,682	$	5,005,682
Federated Prime Obligations Fund		27,802		27,797
John Hancock Cash
Investment Trust, 2.6453% (c)(f)		805,168		805,168
TOTAL SHORT TERM INVESTMENTS
(Cost $5,838,647)			$	5,838,647
Total Investments (International Equity Index Trust B)
(Cost $412,798,465) - 97.65%			$	384,905,983
Other Assets in Excess of Liabilities - 2.35%				9,281,261
TOTAL NET ASSETS - 100.00%			$	394,187,244

The portfolio had the following five top industry concentrations

as of September 30, 2008 (as a percentage of total net assets):

Banking	12.97%
Telecommunications Equipment & Services	6.14%
International Oil	5.74%
Insurance	4.95%
Financial Services	4.56%

International Opportunities Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 90.15%
Australia - 2.79%
CSL, Ltd.	694,864	$	21,050,829
Brazil - 6.52%
All America Latina Logistica SA	559,076		3,819,427
Gafisa SA	708,491		8,972,953
Petroleo Brasileiro SA, ADR	549,828		24,164,941
Unibanco - Uniao De Bancos
Brasileiros SA, ADR *	120,552		12,166,108
			49,123,429
Canada - 6.31%
Potash Corp. of Saskatchewan, Inc.	116,918		15,434,345
Research In Motion, Ltd. *	172,565		11,786,189
Rogers Communications, Inc., Class B	627,441		20,351,669
			47,572,203
Denmark - 3.75%
Vestas Wind Systems AS *	323,575		28,243,191
France - 9.27%
Accor SA	207,347		11,073,682
Alstom	211,292		16,039,043
AXA Group SA	609,435		19,949,470
BNP Paribas SA	99,022		9,452,394

International Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Cie Generale de Geophysique-Veritas *	250,724	$	7,955,258
JC Decaux SA	247,389		5,417,326
			69,887,173
Germany - 4.56%
Deutsche Bank AG	156,630		11,204,841
Linde AG	216,873		23,158,934
			34,363,775
Hong Kong - 1.93%
CNOOC, Ltd.	6,712,500		7,540,796
Esprit Holdings, Ltd.	1,136,500		7,044,672
			14,585,468
India - 1.10%
ICICI Bank, Ltd., SADR	354,447		8,336,593
Israel - 4.52%
Teva Pharmaceutical Industries, Ltd., SADR	744,104		34,072,522
Japan - 9.12%
Daikin Industries, Ltd.	259,775		8,761,697
Daiwa Securities Group, Inc.	1,334,000		9,716,502
Marubeni Corp.	2,463,000		11,164,740
Mizuho Financial Group, Inc.	2,511		10,980,971
Nintendo Company, Ltd.	66,300		28,122,719
			68,746,629
Mexico - 2.64%
America Movil SA de CV, Series L, ADR	269,970		12,515,809
Cemex SA de CV, SADR *	427,902		7,368,473
			19,884,282
Netherlands - 2.10%
Heineken NV	393,257		15,800,014
South Africa - 1.10%
MTN Group, Ltd.	589,755		8,321,723
Spain - 1.62%
Gamesa Corporacion Tecnologica SA	356,456		12,212,882
Switzerland - 17.77%
ABB, Ltd. *	781,262		15,139,621
Actelion, Ltd. *	164,883		8,496,175
Alcon, Inc.	48,000		7,752,480
Credit Suisse Group AG	687,682		32,116,091
Julius Baer Holding AG	301,325		14,985,018
Lonza Group AG	181,953		22,829,847
Nestle SA	566,703		24,491,489
UBS AG *	475,265		8,123,433
			133,934,154
Taiwan - 4.38%
Hon Hai Precision Industry Company, Ltd.	3,099,450		11,101,283
Taiwan Semiconductor
Manufacturing Company, Ltd., SADR	2,339,571		21,921,780
			33,023,063
United Kingdom - 9.56%
BG Group PLC	896,806		16,264,520
HSBC Holdings PLC	1,010,573		16,349,316
Johnson Matthey PLC	85,054		2,069,134

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

207

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Reckitt Benckiser PLC		260,805	$	12,645,099
Rio Tinto PLC		101,999		6,401,386
Tesco PLC		2,643,080		18,382,581
				72,112,036
United States - 1.11%
Las Vegas Sands Corp. * (a)		231,293		8,351,990
TOTAL COMMON STOCKS (Cost $808,748,182)			$	679,621,956
SHORT TERM INVESTMENTS - 1.16%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	8,732,252	$	8,732,252
TOTAL SHORT TERM INVESTMENTS
(Cost $8,732,252)			$	8,732,252
REPURCHASE AGREEMENTS - 6.15%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$46,356,610 on 10/01/2008,
collateralized by $14,760,000
Federal Home Loan Mortgage
Corp., 5.625% due 11/23/2035
(valued at $14,760,000, including
interest) and $26,100,000 Federal
National Mortgage Association,
6.625% due 11/15/2030 (valued at
$32,527,125, including interest)	$	46,355,000	$	46,355,000
TOTAL REPURCHASE AGREEMENTS
(Cost $46,355,000)			$	46,355,000
Total Investments (International Opportunities Trust)
(Cost $863,835,434) - 97.46%			$	734,709,208
Other Assets in Excess of Liabilities - 2.54%				19,155,721
TOTAL NET ASSETS - 100.00%			$	753,864,929

The portfolio had the following five top industry concentrations

as of September 30, 2008 (as a percentage of total net assets):

Financial Services	10.25%
Banking	7.45%
Industrial Machinery	6.36%
Pharmaceuticals	5.65%
Chemicals	5.08%

International Small Cap Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.18%
Australia - 8.79%
Billabong International, Ltd.	527,230	$	5,887,152
Downer EDI, Ltd.	812,466		4,139,425
Emeco Holdings, Ltd.	3,664,539		2,365,970
Iluka Resources, Ltd. *	1,928,797		7,326,045
Pacific Brands, Ltd.	2,800,164		4,377,239

International Small Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
PaperlinX, Ltd.	3,236,736	$	4,949,404
			29,045,235
Belgium - 1.30%
Barco NV	94,305		4,286,748
Bermuda - 1.46%
Bio-Treat Technology, Ltd. (a)	9,066,000		732,454
Ngai Lik Industrial Holdings, Ltd.	17,443,184		450,995
People's Food Holdings, Ltd.	10,853,370		3,629,083
			4,812,532
Canada - 7.45%
ATS Automation Tooling Systems, Inc. *	610,660		3,586,211
Biovail Corp.	601,300		5,706,488
Canaccord Capital, Inc.	326,800		2,450,424
Dorel Industries, Inc., Class B	226,600		6,919,897
GSI Group, Inc. *	553,778		1,954,836
MDS, Inc. *	279,184		3,334,206
Mega Brands, Inc. *	274,800		642,943
			24,595,005
Cayman Islands - 0.12%
Chitaly Holdings, Ltd.	6,340,000		400,646
China - 2.14%
BYD Company, Ltd., H Shares	1,534,618		2,568,513
Sinotrans, Ltd., Class H	23,121,000		4,516,978
			7,085,491
Finland - 3.47%
Amer Sports Oyj, A Shares	399,580		4,845,682
Elcoteq SE, A Shares *	387,130		1,707,169
Huhtamaki Oyj	614,354		4,903,307
			11,456,158
Germany - 1.61%
Jenoptik AG *	873,341		5,310,110
Hong Kong - 8.40%
AAC Acoustic Technology Holdings, Inc. *	4,004,000		3,073,391
Dah Sing Financial Group	794,929		3,358,548
Fountain Set Holdings, Ltd.	16,101,998		1,302,753
Giordano International, Ltd. (a)	10,170,017		3,552,024
Lerado Group Holding Company, Ltd.	13,967,612		818,691
TCL Communication Technology
Holdings, Ltd. * (a)	93,375,008		1,448,104
Texwinca Holdings, Ltd.	7,421,324		6,147,624
Travelsky Technology, Ltd., Class H	3,598,604		1,824,838
Weiqiao Textile Company, Ltd.	3,700,246		1,815,353
Yue Yuen Industrial Holdings, Ltd.	1,617,246		4,417,782
			27,759,108
Japan - 10.52%
Aiful Corp. (a)	371,350		2,873,283
Descente, Ltd.	1,159,000		6,635,753
Meitec Corp.	211,366		5,661,672
Nichii Gakkan Company, Ltd.	508,900		6,127,606
Sohgo Security Services Company, Ltd.	484,386		5,125,094
Takuma Company, Ltd.	1,140,000		2,890,149

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

208

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
USS Company, Ltd.	84,380	$	5,426,923
			34,740,480
Luxembourg - 0.36%
Thiel Logistik AG *	816,376		1,201,082
Netherlands - 4.62%
Draka Holding NV	74,316		1,529,282
Imtech NV	150,737		3,090,134
OPG Groep NV	309,216		4,271,557
SBM Offshore NV	142,928		3,059,835
USG People NV	239,400		3,299,603
			15,250,411
Norway - 1.81%
Tomra Systems ASA	1,144,880		5,976,114
Philippines - 0.13%
First Gen Corp. *	1,093,700		434,839
Singapore - 1.58%
Huan Hsin Holdings, Ltd.	2,450,627		770,328
Osim International, Ltd. * (a)	5,422,237		584,636
Venture Corp., Ltd.	709,000		3,857,305
			5,212,269
South Korea - 10.00%
Daeduck Electronics Company, Ltd. (a)	513,650		1,605,137
Daegu Bank	510,140		4,556,415
Halla Climate Control Company, Ltd.	788,730		6,944,618
Intops Company, Ltd.	129,844		1,807,725
People & Telecommunication, Inc.	329,468		1,381,886
Pusan Bank	511,650		4,621,886
Sindo Ricoh Company, Ltd.	87,910		4,236,573
Youngone Corp.	1,035,230		7,869,528
			33,023,768
Spain - 0.81%
Sol Melia SA	307,858		2,690,345
Sweden - 2.73%
D. Carnegie & Company AB	624,875		4,634,917
Niscayah Group AB	3,092,020		4,400,236
			9,035,153
Switzerland - 1.61%
Verwaltungs & Privat Bank AG	32,967		5,318,384
Taiwan - 10.17%
Acbel Polytech, Inc.	6,854,732		2,880,773
D-Link Corp.	4,604,251		3,981,143
Giant Manufacturing Company, Ltd.	1,034,250		2,588,289
KYE System Corp.	4,876,341		4,191,352
Pihsiang Machinery Manufacturing Company,
Ltd.	3,527,000		5,133,546
Simplo Technology Company, Ltd.	1,095,820		3,611,627
Ta Chong Bank, Ltd. *	23,391,000		5,287,818
Taiwan Fu Hsing Industrial Company, Ltd.	2,863,310		1,082,958
Test-Rite International Company, Ltd.	8,894,263		4,842,654
			33,600,160
Thailand - 4.84%
Bank of Ayudhya PCL, NVDR	9,686,000		4,709,875

International Small Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Thailand (continued)
Glow Energy PCL		8,211,824	$	6,790,640
Total Access Communication PCL		4,063,005		4,473,499
				15,974,014
United Kingdom - 10.27%
Bodycote International PLC		1,828,622		5,206,392
Burberry Group PLC		649,531		4,592,860
Fiberweb PLC		3,075,560		2,778,916
Future PLC		7,431,290		3,041,960
Game Group PLC		1,089,592		4,011,633
Henderson Group PLC		2,308,953		4,555,880
New Star Asset Management Group, Ltd.		2,768,010		3,308,594
Yell Group PLC		280,152		387,675
Yule Catto & Company PLC		2,654,692		6,054,479
				33,938,389
United States - 1.99%
Steiner Leisure, Ltd. *		190,934		6,564,311
TOTAL COMMON STOCKS (Cost $434,148,492)			$	317,710,752
SHORT TERM INVESTMENTS - 3.56%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	4,858,054	$	4,858,054
Paribas Corp.
6.00% due 10/01/2008		6,915,000		6,915,000
TOTAL SHORT TERM INVESTMENTS
(Cost $11,773,054)			$	11,773,054
Total Investments (International Small Cap Trust)
(Cost $445,921,546) - 99.74%			$	329,483,806
Other Assets in Excess of Liabilities - 0.26%				856,509
TOTAL NET ASSETS - 100.00%			$	330,340,315

The portfolio had the following five top industry concentrations

as of September 30, 2008 (as a percentage of total net assets):

Apparel & Textiles	11.21%
Banking	7.41%
Business Services	5.60%
Financial Services	4.54%
Industrial Machinery	4.49%

International Small Company Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 99.11%
Australia - 8.42%
ABB Grain, Ltd.	51,159	$	324,514
Acrux, Ltd. *	36,231		27,117
Adelaide Brighton, Ltd.	109,968		274,093
Aditya Birla Minerals, Ltd.	38,998		36,008
Admiralty Resources NL *	404,481		17,039
AED Oil, Ltd. *	17,758		20,490
Aevum, Ltd.	50,147		69,728

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

209

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
AJ Lucas Group, Ltd.	10,043	$	45,431
Alesco Corp., Ltd.	26,901		128,908
Alkane Resources, Ltd. *	105,014		25,136
Alliance Resources, Ltd. *	49,802		24,447
Amadeus Energy, Ltd. *	46,414		16,819
Amalgamated Holdings, Ltd.	10,010		39,447
Andean Resources, Ltd. *	61,051		42,220
Ansell, Ltd.	40,042		411,180
Anzon Australia, Ltd. *	42,668		27,017
APA Group	125,287		307,688
APN News & Media, Ltd.	102,259		266,763
Aquila Resources, Ltd. *	29,497		216,270
ARB Corp., Ltd.	16,596		50,801
Arrow Energy NL *	147,393		345,922
Atlas Iron, Ltd. *	51,836		65,681
Ausdrill, Ltd.	42,150		59,069
Ausenco, Ltd.	15,435		140,399
Austal, Ltd.	38,731		73,741
Austar United Communications, Ltd. *	172,737		157,526
Austereo Group, Ltd.	66,947		86,937
Australian Agricultural Company, Ltd.	58,133		125,134
Australian Infrastructure Fund	124,094		216,898
Australian Pharmaceutical Industries, Ltd. *	62,214		31,327
Australian Wealth Management, Ltd.	173,645		171,339
Australian Worldwide Exploration, Ltd. *	139,373		284,867
AVJennings, Ltd.	48,073		21,826
Avoca Resources, Ltd. *	45,306		69,899
AWB, Ltd.	121,332		271,032
Babcock & Brown Wind Partners	228,438		191,873
Bank of Queensland, Ltd.	39,605		424,155
Beach Petroleum, Ltd.	328,692		237,709
Bendigo Mining, Ltd. *	69,546		10,373
Biota Holdings, Ltd. *	63,195		34,329
Blackmores, Ltd.	3,020		41,783
Boom Logistics, Ltd.	59,768		57,020
Bradken, Ltd.	30,959		218,303
Brickworks, Ltd.	21,916		206,282
Brockman Resources, Ltd. *	29,655		21,156
Buru Energy, Ltd. *	31,571		6,736
Cabcharge Australia, Ltd.	28,216		154,332
Campbell Brothers, Ltd.	13,622		347,670
Candle Australia, Ltd.	17,490		16,739
Cardno, Ltd.	16,882		61,037
Carnarvon Petroleum, Ltd. *	124,732		31,067
Carnegie Corp., Ltd. *	158,513		19,003
CBH Resources, Ltd. *	158,056		8,716
CEC Group, Ltd.	22,583		4,480
Cellestis, Ltd. *	15,855		27,206
Centamin Egypt, Ltd. *	143,266		90,815
Centennial Coal Company, Ltd.	82,672		244,704
Challenger Financial Services Group, Ltd.	117,747		232,328
Chandler Macleod, Ltd.	23,343		3,771
Charter Hall Group	36,697		25,851
Citadel Resource Group, Ltd. *	205,193		32,319
Citigold Corp., Ltd. *	163,943		28,683
Clinuvel Pharmaceuticals, Ltd. *	69,980		12,852

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Clough, Ltd. *	84,266	$	45,414
Coal of Africa, Ltd. *	105,717		210,334
Cockatoo Coal, Ltd. *	84,071		44,941
Coeur d'Alene Mines Corp. *	37,202		54,834
Coffey International, Ltd.	16,505		31,855
Comdek, Ltd. *	90,698		9,496
Compass Resources NL *	15,577		6,115
ConnectEast Group	439,398		292,488
Conquest Mining, Ltd. *	87,512		17,098
Consolidated Rutile, Ltd.	71,020		19,601
CopperCo, Ltd. *	170,196		33,201
Corporate Express Australia, Ltd.	25,360		98,954
Count Financial, Ltd.	26,074		29,356
Crane Group, Ltd.	21,082		187,499
Crescent Gold, Ltd. *	129,712		9,946
CuDeco, Ltd. *	18,570		33,730
Customers, Ltd. *	272,078		25,341
David Jones, Ltd.	146,524		514,429
Deep Yellow, Ltd. *	240,390		41,812
Devine, Ltd.	78,779		50,318
Dominion Mining, Ltd.	10,959		20,935
Downer EDI, Ltd.	55,913		284,871
Duet Group	192,544		402,742
Eastern Star Gas, Ltd. *	216,265		68,195
Emeco Holdings, Ltd.	142,613		92,077
Emitch, Ltd.	52,110		22,907
Energy Developments, Ltd.	26,398		52,674
Energy World Corp., Ltd. *	189,057		95,608
Envestra, Ltd.	212,447		111,773
Felix Resources, Ltd.	11,202		153,094
Ferraus, Ltd. *	34,530		16,825
FKP Property Group, Ltd.	85,419		265,526
Fleetwood Corp., Ltd.	8,920		62,940
Flight Centre, Ltd.	13,423		207,322
Flinders Mines, Ltd. *	272,280		19,626
Forest Enterprises Australia, Ltd.	103,275		38,087
Funtastic, Ltd.	30,436		8,569
Futuris Corp., Ltd.	190,850		215,491
Geodynamics, Ltd. *	72,191		69,480
Gindalbie Metals, Ltd. *	113,603		63,580
Giralia Resources NL *	52,984		40,516
Goodman Fielder, Ltd.	412,668		468,128
GrainCorp., Ltd. *	15,566		92,562
Grange Resources Corp., Ltd. *	23,033		23,093
GRD, Ltd.	51,194		27,087
Great Southern Plantations, Ltd.	49,118		16,669
GUD Holdings, Ltd.	13,446		64,090
Gunns, Ltd.	128,439		119,561
GWA International, Ltd.	55,116		125,232
Hastie Group, Ltd.	27,649		53,865
Healthscope, Ltd.	69,340		258,958
Heron Resources, Ltd. *	57,417		15,464
HFA Holdings, Ltd.	73,372		36,796
Hills Industries, Ltd.	43,177		150,314
Horizon Oil, Ltd. *	113,471		24,362
Housewares International, Ltd.	27,679		20,076

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

210

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
IBA Health, Ltd. *	161,248	$	98,916
IBT Education, Ltd.	38,539		69,513
iiNET, Ltd.	32,429		35,683
Iluka Resources, Ltd. *	111,313		422,794
Imdex, Ltd.	49,952		49,873
Independence Group NL	26,775		57,642
Indophil Resources NL *	85,202		60,391
Industrea, Ltd.	122,241		35,617
Infomedia, Ltd.	86,555		26,452
Innamincka Petroleum, Ltd. *	35,386		10,061
Intrepid Mines, Ltd. *	159,669		22,119
Invocare, Ltd.	25,649		99,591
IOOF Holdings, Ltd.	21,142		95,531
Iress Market Technology, Ltd.	19,452		90,897
Jabiru Metals, Ltd. *	42,457		8,308
JB Hi-Fi, Ltd.	25,902		256,172
Kagara Zinc, Ltd.	50,353		111,763
Karoon Gas Australia, Ltd. *	26,515		81,605
Kimberley Metals, Ltd. *	16,616		1,812
Kingsgate Consolidated, Ltd. *	20,132		73,623
Linc Energy, Ltd. *	88,793		360,544
Lynas Corp, Ltd. *	186,220		105,618
MacArthur Coal, Ltd.	23,956		202,822
Macmahon Holdings, Ltd.	132,123		171,884
Macquarie Communications
Infrastructure Group, Ltd.	141,875		295,051
Macquarie Media Group, Ltd.	50,964		108,548
Marion Energy, Ltd. *	55,425		19,411
Maxitrans Industries, Ltd.	78,815		34,747
McGuigan Simeon Wines, Ltd. *	45,434		25,607
McPherson's, Ltd.	12,170		26,935
Melbourne IT, Ltd.	12,148		28,139
MEO Australia, Ltd. *	121,071		20,497
Mermaid Marine Australia, Ltd.	41,733		51,022
Minara Resources, Ltd.	50,147		65,347
Mincor Resources NL	57,399		57,543
Mineral Deposits, Ltd. *	85,806		46,851
Mineral Resources, Ltd.	21,152		101,133
Mirabela Nickel, Ltd. *	21,804		78,821
Molopo Australia, Ltd. *	35,633		31,885
Monadelphous Group, Ltd.	22,512		216,346
Mortgage Choice, Ltd.	20,900		16,676
Mosaic Oil NL *	160,000		12,726
Mount Gibson Iron, Ltd. *	143,786		191,549
Murchison Metals, Ltd. *	88,972		92,328
MYOB, Ltd.	58,980		47,822
New Hope Corp., Ltd.	104,773		363,842
Nexus Energy, Ltd. *	161,877		146,417
Nido Petroleum, Ltd. *	205,243		36,620
Oakton, Ltd.	15,761		44,118
Otto Energy, Ltd. *	36,325		8,223
Pacific Brands, Ltd.	151,343		236,581
Pan Australian Resources, Ltd. *	423,238		185,647
Pan Pacific Petroleum NL *	103,098		16,489
PaperlinX, Ltd.	161,561		247,048
Peet & Company, Ltd.	41,677		76,115

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Peptech, Ltd. *	37,842	$	24,697
Perilya, Ltd.	45,145		10,877
Perpetual Trust of Australia, Ltd.	10,278		394,892
Petsec Energy, Ltd. *	36,299		11,148
Pharmaxis, Ltd. *	25,612		46,404
Photon Group, Ltd.	13,775		28,116
Platinum Asset Mangement, Ltd.	47,699		139,989
Platinum Australia Ltd *	40,680		51,356
PMP, Ltd.	78,662		78,912
Port Bouvard, Ltd. *	24,303		6,905
Poseidon Nickel, Ltd. *	47,248		13,183
Premier Investments, Ltd.	11,775		42,085
Primary Health Care, Ltd.	88,877		370,409
Primelife Corp., Ltd. (a)	34,348		11,556
Programmed Maintenance Services, Ltd.	23,319		72,173
pSivida Corp. *	7,473		11,811
Publishing & Broadcasting, Ltd.	22,837		45,613
Pure Energy Resources, Ltd. *	5,000		6,254
Ramsay Health Care, Ltd.	31,687		257,016
RCR Tomlinson, Ltd.	26,425		20,263
Redflex Holdings, Ltd.	20,005		36,966
Resolute Mining, Ltd. *	60,801		60,077
Reverse Corp., Ltd.	21,079		24,953
Ridley Corp., Ltd.	44,779		34,660
Riversdale Mining, Ltd. *	42,996		290,134
Roc Oil Company, Ltd. *	78,851		66,065
SAI Global, Ltd.	28,383		61,704
Salinas Energy, Ltd. *	85,728		13,304
Sally Malay Mining, Ltd.	55,382		65,316
Salmat, Ltd.	28,760		70,881
Seek, Ltd.	51,113		211,545
Select Harvests, Ltd.	8,793		36,468
ServCorp, Ltd.	14,294		39,797
Service Stream, Ltd.	32,999		28,083
Seven Network, Ltd. *	43,977		225,917
Sigma Pharmaceuticals, Ltd.	249,136		241,167
Silex Systems, Ltd. *	31,875		89,176
Sino Gold, Ltd. *	56,276		180,119
Sino Strategic International, Ltd. *	11,948		7,045
Skilled Group, Ltd.	13,685		31,785
SMS Management & Technology, Ltd.	17,762		47,110
SP AusNet	9,981		8,348
SP Telemedia, Ltd.	65,209		7,287
Spark Infrastructure Group	256,815		299,851
Specialty Fashion Group, Ltd.	51,249		27,728
Sphere Investments Ltd *	15,740		13,223
Spotless Group, Ltd.	48,205		128,869
St. Barbara, Ltd. *	100,515		22,327
Straits Resources, Ltd.	61,509		119,934
Strike Resources, Ltd./Australia *	14,267		7,637
STW Communications Group, Ltd.	36,346		33,403
Sundance Resources, Ltd./Australia *	320,476		57,944
Sunland Group, Ltd.	73,256		143,021
Sunshine Gas, Ltd. *	52,528		110,305
Super Cheap Auto Group, Ltd.	21,600		41,952
Talent2 International, Ltd.	14,000		13,850

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

211

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Australia (continued)
Tamaya Resources, Ltd. *	214,523	$	2,373
Tap Oil, Ltd. *	28,463		19,264
Tassal Group, Ltd.	40,663		73,091
Technology One, Ltd.	54,308		39,393
Ten Network Holdings, Ltd.	209,214		271,297
TFS Corp., Ltd.	46,239		42,949
Thakral Holdings Group	138,389		96,613
The Reject Shop, Ltd.	8,506		72,422
Timbercorp, Ltd.	78,364		39,121
Tower Australia Group, Ltd.	78,036		181,461
Tox Free Solutions, Ltd. *	16,000		22,492
Transfield Services Infrastructure Fund	57,998		67,078
Transfield Services, Ltd.	39,942		246,527
Transpacific Industries Group, Ltd.	49,971		284,857
Troy Resources NL	10,088		10,672
United Group, Ltd.	43,273		446,779
United Minerals Corp. *	35,612		32,032
UXC, Ltd.	47,721		35,655
Village Roadshow, Ltd.	28,616		38,842
Vision Group Holdings, Ltd.	14,905		14,007
Washington H Soul Pattinson & Company, Ltd.	8,500		73,256
Watpac, Ltd.	29,500		51,498
Wattyl, Ltd.	13,517		12,905
WDS, Ltd.	21,394		38,724
Webster, Ltd.	15,144		12,535
West Australian Newspapers Holdings, Ltd.	49,284		360,106
Western Areas NL *	30,734		185,609
White Energy Company, Ltd. *	17,893		41,463
Whitehaven Coal, Ltd.	25,216		53,721
WHK Group, Ltd.	54,106		45,107
Wide Bay Australia, Ltd.	6,045		41,587
Windimurra Vanadium, Ltd. *	26,337		30,504
Wotif.com Holdings, Ltd.	21,840		65,033
			25,919,760
Austria - 1.18%
Agrana Beteiligungs AG	1,318		95,627
Andritz AG	12,718		548,977
Austrian Airlines AG *	15,520		101,563
BetandWin.com Interactive Entertainment AG *	7,004		186,873
BWT AG	1,062		25,700
Constantia Packaging AG	1,439		69,980
Flughafen Wien AG	3,233		203,817
Frauenthal Holdings AG	1,879		32,783
Intercell AG *	11,553		380,462
Lenzing AG	234		72,986
Mayr-Melnhof Karton AG	3,471		264,048
Oesterreichische Post AG *	12,306		415,778
Palfinger AG	4,484		82,855
RHI AG *	7,658		278,470
Rosenbauer International AG	1,745		74,239
S&T System Integration & Technology
Distribution AG *	550		25,400
Schoeller-Bleckmann Oilfield Equipment AG	2,814		170,814
Uniqa Versicherungen AG	17,849		458,638
Wienerberger Baustoffindustrie AG	3,544		96,221

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Austria (continued)
Wolford AG	2,064	$	50,856
			3,636,087
Belgium - 1.31%
Ackermans & Van Haaren NV	7,606		684,500
Banque Nationale de Belgique	66		255,311
Barco NV	3,535		160,688
Bekaert SA	3,645		486,671
Compagnie d'Entreprises (CFE)	2,096		176,432
Compagnie Immobiliere de Belgique SA	1,121		57,437
Compagnie Maritime Belge SA	1,891		76,201
Deceuninck NV	2,341		24,552
Devgen *	2,254		24,358
Duvel Moortgat SA	903		48,322
Econocom Group SA	4,616		44,902
Elia System Operator SA/NV	5,669		210,783
Euronav NV	7,031		194,403
EVS Broadcast Equipment SA *	609		43,577
Exmar NV	5,625		112,867
Image Recognition Integrated Systems	175		11,926
International Brachytherapy *	6,399		25,224
Ion Beam Applications SA	3,298		67,059
Kinepolis Group NV	908		30,062
Lotus Bakeries SA	34		12,568
Melexis NV	5,118		71,287
Omega Pharma SA	4,735		202,951
Option NV *	8,860		32,813
Recticel SA	3,721		39,989
Roularta Media Group NV	1,549		50,802
SA D'Ieteren Trading NV	641		144,877
Sioen Industries NV	1,204		10,478
Sipef SA	143		57,432
Telenet Group Holding NV *	13,405		277,302
Tessenderlo Chemie NV	6,916		346,345
Van De Velde NV	1,617		57,850
			4,039,969
Canada - 9.22%
Aastra Technologies, Ltd. *	4,600		56,795
Absolute Software Corp. *	9,200		71,145
Accrete Energy, Inc. *	4,906		23,556
Aecon Group, Inc.	14,300		155,597
AEterna Zentaris, Inc. *	7,500		4,299
AGF Management, Ltd. *	26,197		422,155
Akita Drilling, Ltd.	4,500		46,765
Alamos Gold, Inc. *	24,300		148,414
Alberta Clipper Energy, Inc. *	7,700		12,662
Alexco Resource Corp. *	4,800		9,426
Allen-Vanguard Corp. *	10,700		3,418
Altius Minerals Corp. *	5,900		30,103
Amerigo Resources, Ltd.	13,600		14,824
Anderson Energy, Ltd. *	15,700		36,585
Angiotech Pharmaceuticals, Inc. *	11,506		9,406
Antrim Energy, Inc. *	29,000		32,699
Anvil Mining, Ltd. *	16,851		71,885
Aquiline Resources, Inc. *	14,752		57,802
Astral Media, Inc.	16,600		498,039

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

212

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Atrium Innovations, Inc. *	3,859	$	54,100
ATS Automation Tooling Systems, Inc. *	26,847		157,664
Augusta Resource Corp. *	17,300		60,633
Aurelian Resources, Inc. *	22,200		135,588
Aurizon Mines, Ltd. *	35,800		95,870
Aurora Energy Resources, Inc. *	9,500		13,211
Axia NetMedia Corp. *	10,300		19,550
Baffinland Iron Mines Corp. *	34,500		34,686
Baja Mining Corp. *	35,600		23,416
Ballard Power Systems, Inc. *	24,100		89,448
Bankers Petroleum, Ltd. *	42,780		114,160
Baytex Energy Trust	1,441		34,839
Bellus Health, Inc. *	2,400		2,097
Bioms Medical Corp. *	14,500		42,918
Bioteq Environmental Tech, Inc. *	11,500		23,773
Biovail Corp.	47,200		447,940
Birch Mountain Resources, Ltd. *	9,200		778
Birchcliff Energy, Ltd. *	26,038		224,843
BMTC Group, Inc., Class A	3,300		55,814
BNK Petroleum, Inc. *	12,834		8,855
Boralex, Inc., Class A *	8,900		71,752
Bow Valley Energy, Ltd. *	24,148		68,751
Breaker Energy, Ltd., Class A *	7,400		61,258
Breakwater Resources, Ltd. *	63,500		12,828
Calfrac Well Services, Ltd.	7,100		132,160
Calvalley Petroleums, Inc., Class A *	16,123		22,118
Canaccord Capital, Inc.	9,200		68,984
Canada Bread Company, Ltd.	2,760		142,636
Canadian Hydro Developers, Inc. *	36,000		139,704
Canadian Royalties, Inc. *	15,500		7,573
Canadian Superior Energy, Inc. *	32,900		81,612
Canadian Western Bank	17,866		334,405
Canam Group, Inc., Class A	14,900		102,203
Candax Energy, Inc. *	40,399		18,980
Canfor Corp. *	30,640		234,928
Cangene Corp. *	5,700		20,352
CanWest Global Communications Corp. *	13,650		29,371
Capstone Mining Corp. *	21,500		46,061
Cardiome Pharma Corp. *	18,800		138,847
Carpathian Gold, Inc. *	24,200		4,093
Cascades, Inc.	26,250		153,171
Catalyst Paper Corp. *	111,609		72,361
CCL Industries, Inc., Class B	8,800		243,928
CE Franklin, Ltd. *	2,114		12,951
Celestica, Inc. *	69,500		434,926
Celtic Exploration, Ltd. *	8,400		111,132
Central Sun Mining, Inc. *	890		510
Certicom Corp. *	7,300		9,260
Chariot Resources, Ltd. *	37,000		7,996
Clarke, Inc.	8,200		46,846
Claude Resources, Inc. *	35,700		14,760
Coalcorp Mining, Inc. *	9,785		12,688
Cogeco Cable, Inc.	6,000		224,665
COM DEV International, Ltd. *	8,800		26,047
Comaplex Minerals Corp. *	11,024		51,792
Compton Petroleum Corp. *	28,289		153,639

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Connacher Oil & Gas, Ltd. *	64,700	$	167,183
Constellation Software, Inc.	2,700		68,499
Corby Distilleries, Ltd.	7,278		126,514
Corridor Resources, Inc. *	23,800		80,507
Corus Entertainment, Inc., Class B	27,826		475,598
Cott Corp. *	8,800		9,344
Crew Energy, Inc. *	18,026		169,378
Cryocath Technologies, Inc. *	6,200		47,946
Crystallex International Corp. *	33,500		26,756
Dalsa Corp.	5,400		40,135
Delphi Energy Corp. *	23,445		37,450
Denison Mines Corp. *	58,528		172,683
Descartes Systems Group, Inc. *	9,700		35,728
Divestco, Inc. *	1,500		1,832
Dorel Industries, Inc., Class B	8,800		268,734
Dundee Precious Metals, Inc. *	14,200		57,374
Dundee Wealth Management, Inc.	14,558		142,400
Eastern Platinum, Ltd. *	210,076		193,446
Eldorado Gold Corp. *	50,737		316,555
Emera, Inc.	8,800		175,049
Empire Company, Ltd.	5,300		212,548
Endeavour Silver Corp. *	7,800		15,904
Enghouse Systems, Ltd.	600		2,960
Entree Gold, Inc. *	7,400		9,943
Equinox Minerals, Ltd. *	98,091		232,266
Equitable Group, Inc.	4,200		75,259
Etruscan Resources, Inc. *	9,100		5,985
European Goldfields, Ltd. *	46,800		130,165
Evertz Technologies, Ltd.	8,000		113,658
Exco Technologies, Ltd.	2,900		4,905
Exfo Electro Optical Engineering, Inc. *	12,000		39,577
Farallon Resources, Ltd. *	48,500		17,317
First Calgary Petroleums, Ltd. *	88,325		280,515
First Nickel, Inc. *	30,500		3,152
Flint Energy Services, Ltd. *	11,896		120,162
FNX Mining Company, Inc. *	21,543		227,930
Forsys Metals Corp. *	9,500		44,008
Forzani Group, Ltd., Class A	9,822		96,905
Fronteer Development Group, Inc. *	12,700		36,516
Frontera Copper Corp. *	11,800		13,527
Galleon Energy, Inc., Class A *	18,800		165,521
Garda World Security Corp. *	7,300		12,347
Gennum Corp.	5,342		32,326
Gluskin Sheff & Associates, Inc.	3,300		47,907
Goldcorp, Inc.	3,826		120,319
Golden Star Resources, Ltd. *	73,800		110,951
Grande Cache Coal Corp. *	41,100		115,856
Great Basin Gold, Ltd. *	67,000		137,242
Great Canadian Gaming Corp. *	16,550		98,748
Grey Wolf Exploration, Inc. *	11,500		21,611
Greystar Resources, Ltd. *	7,400		9,943
Guyana Goldfields, Inc. *	8,900		24,168
Hanfeng Evergreen, Inc. *	11,800		71,072
Harry Winston Diamond Corp.	18,961		249,428
Heroux-Devtek, Inc. *	6,500		36,707
High River Gold Mines, Ltd. *	82,950		48,324

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

213

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Highpine Oil & Gas, Ltd. *	21,258	$	169,585
Home Capital Group, Inc.	8,300		245,666
HudBay Minerals, Inc. *	45,556		300,068
Hydrogenics Corp. *	18,000		15,222
IAMGOLD Corp.	89,500		493,648
Imax Corp. *	1,200		7,104
Imperial Metals Corp. *	5,800		37,604
Indigo Books & Music, Inc. *	1,900		25,173
Intermap Technologies Corp., Class A *	4,400		11,121
International Forest Products, Ltd., Class A *	11,450		47,339
International Royalty Corp.	10,400		32,240
International Royalty Corp.	6,800		19,743
Intertape Polymer Group, Inc. *	8,100		22,072
Iteration Energy, Ltd. *	48,859		172,160
Ivanhoe Energy, Inc. *	56,500		78,041
Jean Coutu Group, Inc.	42,289		294,046
Jinshan Gold Mines, Inc. *	21,000		20,719
Kaboose, Inc. *	10,800		8,118
Kimber Resources, Inc. *	1,750		1,727
Kingsway Financial Services, Inc.	15,343		105,242
Kirkland Lake Gold, Inc. *	14,800		94,981
Labopharm, Inc. *	13,500		13,573
Lake Shore Gold, Corp. *	44,900		48,518
Laramide Resources, Ltd. *	11,100		16,062
Laurentian Bank of Canada	8,514		304,000
Le Chateau, Inc.	2,600		29,927
Leon's Furniture, Ltd.	15,626		172,227
Linamar Corp.	35,408		332,704
MacDonald Dettwiler & Associates, Ltd. *	8,482		172,390
Mahalo Energy, Ltd. *	12,900		14,545
Major Drilling Group International Company,
Inc. *	6,500		181,212
Maple Leaf Foods, Inc.	20,927		168,124
March Networks Corp. *	7,400		21,555
Martinrea International, Inc. *	19,893		113,648
Maxim Power Corp. *	7,700		32,848
MDC Partners, Inc. *	3,100		19,807
MDS, Inc. *	40,846		487,811
Mega Brands, Inc. *	4,900		11,464
Mega Uranium, Ltd. *	24,000		25,483
Methanex Corp.	29,200		572,065
Migao Corp. *	10,500		53,080
Miranda Technologies, Inc. *	2,285		13,419
Mosaid Technologies, Inc.	2,700		31,332
Neo Material Technologies, Inc. *	10,800		18,774
Norbord, Inc.	24,900		98,053
North American Palladium, Ltd. *	12,400		25,633
Northbridge Financial Corp.	7,700		211,628
Northgate Minerals Corp. *	83,805		111,819
Nova Chemicals Corp.	26,431		580,898
NuVista Energy, Ltd. *	22,073		259,255
Oncolytics Biotech, Inc. *	2,977		4,392
Open Text Corp. *	15,600		517,581
Orvana Minerals, Corp. *	36,980		20,154
Pan American Silver Corp. *	12,200		265,494
Paramount Resources, Ltd. *	10,900		116,246

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Pason Systems, Inc.	16,206	$	199,482
Patheon, Inc. *	20,772		68,313
Petaquilla Minerals Company, Ltd. *	6,500		5,619
Petrolifera Petroleum, Ltd. *	6,850		21,691
Platinum Group Metals, Ltd. *	5,000		6,390
Points International, Ltd. *	26,300		14,333
Polymet Mining Corp. *	32,671		73,677
ProEx Energy, Ltd. *	13,200		165,085
ProspEx Resources, Ltd. *	7,735		14,609
Pulse Data, Inc.	6,282		14,757
Q9 Networks, Inc. *	3,000		46,371
QLT, Inc. *	27,400		89,596
Quadra Mining, Ltd. *	18,925		215,701
Quebecor World, Inc. *	15,400		1,302
Quebecor, Inc.	11,177		264,131
Quest Capital Corp.	39,200		53,777
Reitman's Canada, Ltd., Class A	14,800		208,598
Resin Systems, Inc. *	37,580		21,187
Resverlogix Corp. *	3,900		26,568
Richelieu Hardware, Ltd.	4,400		82,894
Ritchie Bros. Auctioneers, Inc.	12,900		309,091
Rock Energy, Inc. *	6,500		18,628
RONA, Inc. *	37,204		430,332
Rubicon Minerals Corp. *	22,600		32,915
Russel Metals, Inc.	19,485		421,099
Samuel Manu-Tech, Inc.	2,000		18,736
Savanna Energy Services Corp.	20,200		293,628
Scorpio Mining Corp. *	17,400		14,551
Semafo, Inc. *	46,900		50,238
ShawCor, Ltd., Class A	14,300		287,545
Shore Gold, Inc. *	62,100		64,186
Sierra Wireless, Inc. *	8,900		86,805
Silver Standard Resources, Inc. *	16,100		258,689
Silvercorp Metals, Inc.	38,500		112,868
Softchoice Corp.	2,800		18,654
Stantec, Inc. *	12,100		289,695
Starfield Resources, Inc. *	39,500		18,558
Stella-Jones, Inc.	2,800		71,168
Storm Exploration, Inc. *	10,700		139,650
Stornoway Diamond Corp. *	43,700		6,981
SunOpta, Inc. *	19,500		120,014
Suramina Resources, Inc. *	5,200		3,225
SXC Health Solutions Corp. *	3,400		53,001
Tanzanian Royalty Exploration Corp. *	18,000		48,203
Taseko Mines, Ltd. *	36,900		73,159
Teal Exploration & Mining, Inc. *	600		1,297
Tembec, Inc. *	5,188		12,187
The Churchill Corp. *	2,100		20,028
Theratechnologies, Inc. *	13,302		57,370
Thompson Creek Metals Company, Inc. *	30,700		284,428
Timminco, Ltd. *	11,200		153,648
TLC Vision Corp. *	12,400		9,321
Toromont Industries, Ltd.	19,800		490,419
Torstar Corp., Class B	17,700		191,261
Transat A.T., Inc., Class A	4,200		55,921
Transcontinental, Inc., Class A	22,800		283,219

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

214

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Transglobe Energy Corp. *	5,900	$	18,572
Transition Therapeutics, Inc. *	5,100		26,405
Treasury Metals, Inc. *	2,921		576
Trican Well Service, Ltd. *	15,900		239,042
Tristar Oil & Gas, Ltd. *	30,100		438,950
Tundra Semiconductor Corp. *	3,200		11,276
Uex Corp. *	24,200		34,336
Uni-Select, Inc.	3,530		73,436
Uranium Participation Corp. *	21,800		126,591
Ur-Energy, Inc. *	8,500		5,185
Ur-Energy, Inc. *	14,400		9,066
UTS Energy Corp. *	115,600		137,949
Vecima Networks, Inc. *	2,779		12,403
Verenex Energy, Inc. *	6,500		49,471
Vero Energy, Inc. *	10,300		71,619
Viterra, Inc. *	34,300		327,772
Vitran Corp., Inc. *	600		8,011
Wesdome Gold Mines, Ltd. *	15,100		11,209
West Energy, Ltd. *	16,925		45,006
West Fraser Timber Company, Ltd.	12,400		406,517
Western Canadian Coal Corp. *	31,800		115,636
Western Financial Group, Inc.	10,200		29,615
Wi-LAN, Inc. *	17,000		23,322
Winpak, Ltd.	1,600		7,517
Xantrex Technology, Inc. *	9,900		139,349
Xceed Mortgage Corp.	1,800		1,827
Xtreme Coil Drilling Corp. *	3,452		22,705
YM Biosciences, Inc. *	11,000		4,858
Yukon-Nevada Gold Corp. *	38,750		4,915
Zarlink Semiconductor, Inc. *	36,500		17,491
ZCL Composites, Inc.	4,500		28,922
			28,371,517
Denmark - 0.85%
ALK-Abello A/S *	1,570		164,597
Alm. Brand Skadesforsikring A/S *	2,600		49,240
Amagerbanken A/S	3,625		58,787
Ambu A/S	1,600		22,298
Auriga Industries	3,700		94,171
Bang & Olufsen AS, Series B	2,200		82,894
Bavarian Nordic A/S *	950		25,040
Bonusbanken A/S	2,060		2,721
Capinordic A/S *	7,100		8,596
Dalhoff Larsen & Horneman A/S, Series B	4,600		39,480
Dantherm A/S	750		11,754
Det Ostasiatiske Kompagni AS	4,250		178,582
DFDS A/S	700		45,324
Fionia Bank A/S	1,700		25,792
Fluegger A/S, Series B	250		21,559
Forstaedernes Bank A/S	3,900		74,996
Greentech Energy Systems *	12,495		67,923
H&H International A/S	140		16,649
Harboes Bryggeri A/S	1,900		41,226
IC Companys A/S	3,050		53,928
Jeudan A/S	640		64,258
Lan & Spar Bank A/S	300		22,535
Mols-Linien A/S	1,005		19,418

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Denmark (continued)
NeuroSearch A/S *	4,400	$	193,899
Ostjydsk Bank A/S	200		20,189
Parken Sport & Entertainment A/S *	450		96,226
PER Aarsleff A/S	550		51,889
Ringkjoebing Bank A/S	700		46,739
Ringkjoebing Landbobank A/S	1,350		149,089
Roskilde Bank A/S	473		535
Royal Unibrew A/S	1,225		81,304
Sanistal A/S, Series B	390		21,203
Satair A/S	950		33,756
Schouw & Company A/S, Series B	4,400		110,929
SimCorp A/S	1,370		159,788
Sjaelso Gruppen A/S	4,600		43,315
Solar Holdings A/S	1,350		89,470
Spar Nord Bank A/S	11,925		151,596
Sparbank Vest A/S	670		25,454
Thrane & Thrane A/S	775		36,349
TK Development A/S *	9,500		51,459
TopoTarget A/S *	18,000		32,248
Vestjysk Bank A/S	1,240		37,209
			2,624,414
Finland - 2.42%
Ahlstrom OYJ	6,957		126,637
Alma Media Oyj	17,424		200,219
Amer Sports Oyj, A Shares	22,292		270,334
Aspo Oyj	2,591		19,049
Atria PLC	869		14,617
BasWare Oyj	2,400		23,651
Cargotec Corp. Oyj, B Shares	11,137		227,509
Componenta Oyj	2,534		32,496
Comptel PLC	14,171		25,028
Cramo Oyj, Series B	4,921		46,665
Digia PLC	5,393		21,700
Elcoteq SE, A Shares *	8,397		37,029
Elektrobit Corp.	2,752		2,748
Elisa Oyj, Class A	40,074		786,354
Finnair Oyj	400		2,305
Finnlines Oyj	3,595		59,774
Fiskars Corp.	8,488		113,271
F-Secure Oyj	12,250		40,438
HK Ruokatalo Oyj, Series A	1,737		13,831
Huhtamaki Oyj	27,549		219,875
Ilkka-Yhtyma Oyj	2,768		40,091
KCI Konecranes Oyj	34,538		825,909
Kemira Oyj	18,723		221,725
Lannen Tehtaat Oyj	1,258		27,541
Lassila & Tikanoja Oyj	5,783		114,339
Lemminkainen Oyj	2,400		63,890
M-real Oyj, Series B	46,839		84,832
Nokian Renkaat Oyj	18,660		449,015
OKO Bank PLC, Series A	35,606		518,898
Olvi Oyj, Series A	1,500		40,122
Oriola-KD Oyj	21,708		61,184
Orion Oyj, Series A	7,836		135,177
Orion Oyj, Series B	23,787		403,005
Outotec Oyj	9,628		259,223

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

215

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Finland (continued)
PKC Group Oyj	4,137$	$	38,850
Ponsse Oyj	2,149		25,963
Poyry Oyj	10,534		203,309
Raisio Oyj	33,581		75,054
Ramirent Oyj	19,272		121,094
Rapala VMC Oyj	6,519		34,006
SanomaWSOY Oyj	22,405		423,686
Scanfil Oyj	3,574		10,497
Stockmann Oyj Abp, Series A	515		13,066
Stockmann Oyj Abp, Series B	7,721		182,188
Talentum OYJ	10,938		39,014
Tecnomen Oyj	11,844		16,179
Teleste Oyj	2,450		13,662
Uponor Oyj	15,046		190,439
Vacon Oyj	2,360		89,705
Vaisala Oyj, Series A	2,245		75,852
YIT Oyj	35,208		367,653
			7,448,698
France - 5.12%
Alten SA *	4,110		119,194
Altran Technologies SA *	28,500		203,361
April Group SA	3,596		179,533
Archos SA *	918		6,849
Arkema	18,171		670,824
Assystem SA	4,374		60,167
Atos Origin SA	20,184		888,270
Audika SA	1,685		62,075
Bacou Dalloz SA	1,635		167,663
Beneteau SA	11,245		163,971
Boiron SA	1,711		45,566
Bonduelle SCA	1,293		105,216
Bongrain SA	2,182		142,290
Bourbon SA	12,068		600,849
Bull SA *	11,037		32,770
Canal Plus SA	17,822		156,951
Carbone Lorraine SA	3,353		158,099
Cegedim SA	323		23,736
Cegid SA	888		17,700
Club Mediterranee SA *	3,695		127,507
Compagnie Plastic Omnium SA	1,821		40,086
Delachaux SA	1,122		85,696
Electricite de Strasbourg SA	598		89,703
Esso SAF	774		112,414
Etablissements Maurel et Prom SA	23,351		373,140
Etam Developpement SA	1,766		38,276
Euler Hermes SA	4,009		282,275
Euro Disney SCA *	3,389		34,017
Faurecia SA *	1,280		37,011
Financiere Marc de Lacharriere SA (Fimalac)	3,507		215,931
Fleury Michon SA	660		24,746
Gaumont SA	468		35,682
Gemalto NV *	24,584		886,876
GFI Informatique SA	11,081		59,111
GL Events SA	3,057		74,352
Groupe Crit SA	1,865		39,767
Groupe Open SA	2,445		27,713

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Groupe Steria SCA	5,581	$	124,670
Guerbet SA	538		91,509
Guyenne & Gascogne SA	1,509		134,951
Havas SA	94,630		297,210
Infogrames Entertainment SA *	1,217		16,670
Ingenico SA	9,240		232,087
International Metal Service SA	4,492		78,070
Ipsos SA	6,628		195,182
Korian	2,818		81,171
Lafuma SA	374		10,598
Laurent-Perrier SA	1,029		130,030
Lectra SA *	4,540		25,063
Lisi SA	986		66,485
LVL Medical Groupe SA *	1,337		16,589
M6-Metropole Television	13,190		289,985
Maisons France Confort SA	1,467		36,991
Manitou BF SA	3,265		80,569
Manutan SA	1,190		71,771
Mr. Bricolage SA	1,756		25,738
Neopost SA	7,534		710,423
Nexans SA	7,554		672,001
Nexity SA	7,121		114,122
Norbert Dentressangle SA	972		79,229
NRJ Group	4,920		49,400
Oberthur Card Systems SA	8,964		80,765
Oeneo *	12,354		25,003
Orpea SA *	3,896		164,968
Parrot SA *	1,915		23,959
Penauille Polyservices SA	26,481		117,292
Pierre & Vacances SA	1,373		92,816
Pinguely-Haulotte SA	4,594		58,268
Radiall SA	349		33,158
Rallye SA	4,593		134,653
Remy Cointreau SA	5,512		259,942
Rexel SA	9,147		128,477
Rhodia SA	6,574		102,730
Robertet SA	257		32,562
Rubis SA	2,050		145,311
Saft Groupe SA *	2,396		94,883
Samse SA	120		9,685
SCOR SE	7,560		147,003
SEB SA	5,955		264,676
Sechilienne-Sidec SA	3,692		211,281
SeLoger.com *	1,811		33,459
Silicon-On-Insulator Technologies SA *	19,442		105,491
Societe BIC SA	7,246		376,452
Societe des Bains de Mer & du Cercle des
Etrangers a Monaco	88		77,491
Somfy SA	474		90,994
Sopra Group SA	1,899		113,803
Spir Communication SA	492		16,369
SR Teleperformance SA	13,362		372,714
Stallergenes SA	2,288		144,889
Stef-TFE Group	1,818		102,540
Sucriere de Pithiviers-Le-Vieil SA	56		39,161
Synergie SA	1,257		28,613

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

216

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
France (continued)
Theolia SA *	6,555	$	70,199
Toupargel-Agrigel SA	862		17,344
Trigano SA	2,742		27,539
UbiSoft Entertainment SA *	5,864		407,931
Union Financiere de France Banque SA	1,436		58,272
Valeo SA	21,632		654,622
Viel & Compagnie SA	6,946		36,272
Vilmorin & Compagnie SA	901		118,655
Virbac SA	1,341		103,036
VM Materiaux SA	342		19,295
Vranken-Pommery Monopole Group	604		35,440
Zodiac SA	11,913		568,143
			15,766,057
Germany - 6.12%
Aareal Bank AG	10,691		123,153
Adlink Internet Media AG *	2,787		25,562
ADVA AG Optical Networking *	13,517		34,632
Aixtron AG	21,472		126,133
Altana AG	21,530		319,011
Amadeus Fire AG	1,357		23,788
Augusta Technologie AG *	1,299		25,214
Baader Wertpapierhandelsbank AG	7,224		24,398
Balda AG *	8,571		8,032
Bauer AG	2,268		113,989
Bechtle AG	3,618		75,337
Bilfinger Berger AG	11,905		620,085
Biotest AG	1,095		74,167
Boewe Systec AG	415		8,209
Borussia Dortmund GMBH & Company KGAA *	14,361		29,315
Carl Zeiss Meditec AG	9,621		138,568
Cenit AG	2,857		15,737
Centrotec Sustainable AG *	1,900		30,492
Comdirect Bank AG	13,892		103,346
Conergy AG *	5,714		50,266
CropEnergies AG *	3,624		13,004
CTS Eventim AG	4,424		161,295
Curanum AG	4,385		16,808
DAB Bank AG	8,980		44,929
Data Modul AG	518		8,864
Demag Cranes AG	5,559		220,038
Deutsche Wohnen AG *	2,312		29,035
Deutz AG	21,365		120,184
Douglas Holding AG	10,374		472,453
Drillisch AG	10,921		26,931
Duerr AG	3,024		83,250
DVB Bank AG	6,310		231,373
Elexis AG	1,469		27,742
Elmos Semiconductor AG *	1,293		7,755
ElringKlinger AG	6,006		114,657
EM. Sport Media AG *	13,978		48,719
Epcos AG	21,428		541,704
Escada AG *	2,952		34,519
Evotec AG *	8,820		13,260
Fielmann AG	3,133		219,680
FJA AG *	1,773		5,396
Freenet AG *	23,402		212,226

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
Fuchs Petrolub AG	1,423	$	98,949
Gerresheimer AG	7,703		350,180
Gerry Weber International AG	1,916		43,114
Gesco AG	643		38,132
Get Nice Holdings, Ltd.	502,000		14,134
GFK AG	3,609		110,714
Gildemeister AG	10,752		181,584
GPC Biotech AG *	6,031		7,410
Grammer AG	2,633		45,221
Grenkeleasing AG	2,175		66,635
Hawesko Holding AG	1,452		43,099
Heidelberger Druckmaschinen AG	21,035		331,359
IDS Scheer AG	5,715		57,073
Indus Holding AG	3,769		89,057
Interseroh AG	993		64,664
Intershop Communications AG *	9,147		20,778
IWKA AG	5,877		144,077
Jenoptik AG *	10,554		64,171
KIZOO AG	3,675		39,256
Kloeckner & Company SE	12,664		290,704
Kontron AG	10,995		112,909
Krones AG	4,857		241,539
KWS Saat AG	1,154		151,431
Lanxess AG	26,628		733,339
Leoni AG	9,794		296,121
Loewe AG	1,751		23,891
Manz Automation AG *	524		89,321
MasterFlex AG	1,223		17,553
Medigene AG *	9,888		77,081
Medion AG	5,909		66,813
MLP AG	14,199		262,481
Mologen AG *	1,243		10,867
Morphosys AG *	1,362		83,284
MTU Aero Engines Holding AG	14,595		402,236
Muehlbauer Holding AG & Co KGaA	156		4,656
MVV Energie AG	7,277		342,138
Nemetschek AG	1,480		25,565
Norddeutsche Affinerie AG	13,504		570,756
Nordex AG *	8,124		222,508
OHB Technology AG	1,633		17,012
PC-Ware AG	1,879		40,599
Pfeiffer Vacuum Technology AG	1,671		134,097
Pfleiderer AG	13,560		164,240
Plambeck Neue Energien AG *	8,528		19,269
Praktiker Bau- und Heimwerkermaerkte AG	18,642		172,799
Premiere AG *	31,273		418,602
PVA TePla AG *	3,190		23,347
Qiagen AG *	50,645		1,000,807
QSC AG *	15,992		29,861
R. Stahl AG	533		19,954
Rational AG	961		151,370
Renk AG	935		81,200
REpower Systems AG *	1,685		490,043
Rheinmetall AG	11,522		620,127
Rhoen-Klinikum AG	21,973		641,916
Roth & Rau AG *	1,740		60,944

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

217

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
Sartorius AG	2,096	$	48,687
Schlott Gruppe AG	354		5,178
SGL Carbon AG *	18,191		707,112
Singulus Technologies AG *	10,095		72,497
Sixt AG	2,483		53,574
Software AG	5,989		341,796
Solar Millennium AG *	2,817		86,675
Solon AG Fuer Solartechnik *	1,880		80,446
Stada Arzneimittel AG	16,451		658,909
Stratec Biomedical Systems AG	1,671		37,029
Suedzucker AG	22,334		324,942
Suess MicroTec AG *	2,259		10,879
Symrise AG	30,578		519,155
Takkt AG	8,363		116,788
Technotrans AG	1,646		14,393
Telegate AG	2,121		29,859
Utimaco Safeware AG	3,229		66,845
Versatel AG *	6,433		108,806
Vivacon AG	3,031		29,156
Vossloh AG	2,794		289,591
Wacker Construction Equipment AG	3,587		34,240
Washtec AG *	2,025		25,934
Wincor Nixdorf AG	7,565		445,487
Wire Card AG *	19,465		143,835
WMF Wuerttembergische
Metallwarenfabrik AG	1,601		56,039
			18,852,095
Greece - 1.82%
Agricultural Bank of Greece	71,758		207,914
Alapis Holding Industrial & Commercial SA	212,352		450,962
Alfa-Beta Vassilopoulos SA	804		32,402
Anek Lines SA	37,603		88,843
Aspis Bank SA	10,322		18,474
Astir Palace Hotel SA *	5,170		28,822
Athens Medical Center SA	8,110		17,739
Athens Stock Exchange SA (ASE)	24,158		280,711
Athens Water Supply and Sewage Company
SA	11,667		153,825
Autohellas SA	3,896		10,387
Bank of Attica SA	6,241		28,039
Bank of Greece SA	5,401		435,322
Biossol SA *	37,279		18,852
Bioter SA *	28,528		14,392
C. Rokas SA	1,840		41,867
Commercial Bank of Greece SA *	9,723		126,338
Diagnostic & Therapeutic Center of Athens
Hygeia SA	19,334		82,178
Duty Free Shops	3,389		45,105
Euromedica SA	3,622		23,133
Forthnet SA *	14,896		34,238
Fourlis SA	12,465		240,595
Frigoglass SA	6,090		106,683
GEK Group of Companies SA	8,755		54,053
Geniki Bank SA *	13,566		55,276
Greek Postal Savings Bank	22,391		231,757
Halcor SA	9,000		16,512

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Greece (continued)
Hellenic Technodomiki Tev SA	37,663	$	372,465
Heracles General Cement SA	4,800		68,645
Iaso SA	14,701		124,427
Inform P Lykos SA	7,817		29,695
Intracom Holdings SA *	26,470		58,581
Intracom SA Technical & Steel Constructions	42,136		31,907
J&P-Avax SA	12,630		56,476
Lambrakis Press SA	6,054		23,810
Loulis Mills SA *	9,563		38,882
Maritime Company of Lesvos SA *	43,064		29,100
Metka SA	7,871		105,697
Michaniki SA	11,010		36,114
Minoan Lines Shipping SA	16,950		107,541
Motodynamic SA	320		1,122
Motor Oil Hellas Corinth Refineries SA	12,877		196,492
Mytilineos Holdings SA	27,192		218,178
Nireus Aquaculture SA	11,042		17,099
Piraeus Port Authority	2,268		44,875
Proton Bank SA	11,800		92,421
S&B Industrial Minerals SA	3,520		43,426
Sarantis SA	3,860		43,347
Sfakianakis SA	3,856		16,472
Sidenor Steel Products Manufacturing
Company SA	7,753		56,643
Singularlogic SA *	10,294		36,922
Teletypos SA Mega Channel	7,598		61,834
Terna SA	6,510		38,166
Thessaloniki Port Authority SA	418		11,019
Titan Cement Company SA	18,009		594,767
Viohalco SA	28,977		208,330
			5,608,872
Hong Kong - 1.82%
Alco Holdings, Ltd.	86,000		13,422
Allied Group, Ltd.	32,000		56,733
Allied Properties HK, Ltd.	442,000		57,417
Asia Financial Holdings, Ltd.	78,000		23,457
Asia Standard Hotel Group, Ltd.	3,610,000		18,895
Asia Standard International Group, Ltd.	2,016,000		18,392
Asian Union New Media Group, Ltd. *	2,450,000		15,505
Associated International Hotels *	46,000		86,157
Burwill Holdings, Ltd. * (a)	1,114,400		21,634
C C Land Holdings, Ltd.	286,000		62,479
C Y Foundation Group, Ltd. *	770,000		13,030
Cafe de Coral Holdings, Ltd.	76,000		132,512
Capital Estate, Ltd. *	3,465,000		13,962
Capital Strategic Investment, Ltd.	1,110,000		20,062
Century City International Holdings, Ltd. (a)	3,496,000		18,839
Champion Technology Holdings, Ltd.	323,552		27,343
Chen Hsong Holdings, Ltd.	56,000		14,182
Cheuk Nang Holdings, Ltd.	39,332		8,611
Chevalier International Holdings, Ltd.	32,000		23,244
China Grand Forestry Resources Group, Ltd. *	1,512,000		77,612
China Infrastructure Investment, Ltd. *	844,000		16,274
China Metal International Holdings, Inc.	114,000		16,340
China Renji Medical Group, Ltd. *	3,286,000		15,888
China Sci-Tech Holdings, Ltd. *	2,576,000		13,475

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

218

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
China Seven Star Shopping, Ltd. *	310,000	$	2,215
China Solar Energy Holdings, Ltd. *	550,000		7,508
China Timber Resources Group, Ltd.	2,300,000		16,019
China Yunnan Tin Minerals Group Company,
Ltd. *	380,000		7,569
China Zenith Chemical Group, Ltd. *	590,000		27,705
Chinese People Gas Holdings Company, Ltd. *	348,000		7,571
Chong Hing Bank, Ltd.	80,000		144,684
Chow Sang Sang Holdings, Ltd.	62,000		35,676
Chuang's China Investments, Ltd.	371,000		10,026
Chuang's Consortium International, Ltd.	248,000		16,855
Chung Tai Printing Holdings, Ltd.	1,300,000		16,976
Coastal Greenland, Ltd. *	200,000		6,838
COL Capital, Ltd.	10,000		1,568
Coslight Technology International Group, Ltd.	76,000		34,992
Cross-Harbour Holdings, Ltd.	49,000		39,757
Daphne International Holdings, Ltd.	244,000		107,227
Dickson Concepts International, Ltd.	39,000		13,056
DVN Holdings Company, Ltd.	112,000		5,141
EcoGreen Fine Chemicals Group, Ltd.	6,000		933
EganaGoldpfeil Holdings, Ltd. *	103,373		8,787
Emperor Capital Group, Ltd.	28,400		1,042
Emperor Entertainment Hotel, Ltd.	175,000		15,209
Emperor International Holdings, Ltd.	344,000		69,427
eSun Holdings, Ltd. *	150,000		17,934
Extrawell Pharmaceutical Holdings, Ltd. *	130,000		32,982
Far East Consortium International, Ltd.	414,188		81,456
First Sign International Holdings, Ltd.	136,000		29,507
Fong's Industries Company, Ltd.	62,000		13,015
Fountain Set Holdings, Ltd.	118,000		9,547
Fubon Bank, Ltd.	68,000		26,734
Fushan International Energy Group, Ltd. *	300,000		115,812
Genesis Energy Holdings, Ltd. *	980,000		15,390
Giordano International, Ltd.	386,000		134,816
Global Green Tech Group, Ltd. *	204,000		16,838
Glorious Sun Enterprises, Ltd.	86,000		35,976
Golden Resorts Group, Ltd.	830,000		11,317
Goldlion Holdings, Ltd.	70,000		11,526
Hang Fung Gold Technology, Ltd.	90,000		7,670
Hanny Holdings, Ltd.	1,640,000		5,579
Heng Tai Consumables Group, Ltd. *	205,000		17,922
Hi Sun Technology China, Ltd. *	411,000		60,112
HKR International, Ltd.	232,000		86,142
Hon Kwok Land Investment Company, Ltd.	94,000		22,747
Hongkong Chinese, Ltd.	324,000		27,832
Hung Hing Printing Group, Ltd.	50,000		11,069
Hutchison Harbour Ring, Ltd.	940,000		76,692
I.T., Ltd.	112,000		13,599
i-Cable Communications, Ltd.	182,000		23,256
Imagi International Holdings, Ltd. *	170,000		7,447
Integrated Distribution Services Group, Ltd.	45,000		59,466
Interchina Holdings Company *	3,585,000		10,797
International Luk Fook Holdings, Ltd.	60,000		21,085
ITC Corp., Ltd.	678,559		9,198
ITC Properties Group, Ltd. *	3,680,000		28,530
Jinhui Holdings, Ltd.	33,000		8,423

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong (continued)
K Wah International Holdings, Ltd.	511,344	$	113,260
Kantone Holdings, Ltd.	588,731		39,578
Karl Thomson Holdings, Ltd. *	92,000		11,905
Keck Seng Investments, Ltd.	61,000		25,547
Lai Fung Holdings, Ltd.	666,000		9,513
Lai Sun Development Company, Ltd. *	2,324,000		17,372
Liu Chong Hing Investment, Ltd.	60,000		46,599
Luks Group Vietnam Holdings Company, Ltd.	44,000		16,866
Lung Kee Holdings, Ltd.	78,000		32,217
Macau Success, Ltd. *	268,000		21,481
Matsunichi Communication Holdings, Ltd. *	105,000		66,845
Media Chinese International, Ltd.	110,000		24,083
Melco International Development	196,000		55,521
Midland Holdings, Ltd.	178,000		56,276
Miramar Hotel & Investment Company, Ltd.	11,000		12,044
Nam Tai Electronic & Electrical Products, Ltd.	99,000		10,937
Nan Hai Corp., Ltd. * (a)	11,650,000		77,391
Natural Beauty Bio-Technology, Ltd.	90,000		19,278
Next Media, Ltd.	138,000		33,721
Norstar Founders Group, Ltd.	244,000		42,706
Oriental Press Group, Ltd.	208,000		24,331
Oriental Watch Holdings, Ltd.	128,000		36,158
Pacific Andes International Holdings, Ltd. (a)	290,384		32,907
Pacific Century Premium Developments, Ltd. *	375,000		116,819
Paliburg Holdings, Ltd.	1,242,000		18,619
Peace Mark Holdings, Ltd.	164,000		0
Pico Far East Holdings, Ltd.	192,000		16,319
Playmates Holdings, Ltd.	31,800		9,051
Ports Design, Ltd.	55,000		100,735
Public Financial Holdings, Ltd.	98,000		50,582
PYI Corp., Ltd.	316,075		16,347
Qin Jia Yuan Media Services Company, Ltd.	62,000		20,619
Regal Hotels International Holdings, Ltd.	1,970,000		56,209
Road King Infrastructure, Ltd.	99,000		57,579
Sa Sa International Holdings, Ltd.	116,000		34,561
SEA Holdings, Ltd.	96,000		46,981
Shanghai Zendai Property, Ltd. *	700,000		11,015
Shaw Brothers Hong Kong, Ltd.	39,000		56,542
Shell Electric Manufacturing Company, Ltd.	58,000		18,006
Shui On Construction & Materials, Ltd.	32,000		38,708
Singamas Container Holdings, Ltd.	60,000		9,203
Sino Biopharmaceutical, Ltd.	180,000		24,012
Sino-I Technology, Ltd. *	2,960,000		22,347
Skyfame Realty Holdings, Ltd. *	216,000		10,501
Smartone Telecommunications Holdings, Ltd.	83,500		60,691
Solomon Systech International, Ltd.	890,000		19,951
Sun Hung Kai & Company, Ltd.	233,000		106,218
Superb Summit International Timber
Company, Ltd. *	2,330,000		21,229
Symphony Holdings, Ltd.	476,000		14,587
Tack Fat Group International, Ltd. *	272,000		14,012
TAI Cheung Holdings, Ltd.	81,000		33,002
Tai Fook Securities Group, Ltd.	94,252		19,836
TAK Sing Alliance Holdings, Ltd.	126,000		12,378
TCC International Holdings, Ltd. *	132,353		27,194
Techtronic Industries Company, Ltd.	329,500		302,725

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

219

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Texwinca Holdings, Ltd.	218,000	$	180,585
Tian An China Investment, Ltd.	228,800		86,006
Titan Petrochemicals Group, Ltd. *	620,000		9,065
Truly International Holdings, Ltd.	64,000		52,077
Upbest Group, Ltd.	158,000		12,367
Varitronix International, Ltd.	68,000		27,591
Vedan International Holdings, Ltd.	200,000		9,868
Victory City International Holdings, Ltd. (a)	140,666		29,456
Vitasoy International Holdings, Ltd.	176,000		77,026
Vongroup, Ltd. *	210,000		3,307
VST Holdings Company, Ltd. *	176,000		18,036
VTech Holdings, Ltd.	41,000		239,802
Wai Kee Holdings, Ltd.	138,000		17,582
Wing On Company International, Ltd.	36,000		50,312
Wonson International Holdings, Ltd. *	1,800,000		11,105
Xinyi Glass Holdings Company, Ltd.	208,000		85,086
Yanion International Holdings, Ltd. *	188,000		4,361
Yip's Chemical Holdings, Ltd.	84,000		35,947
Yugang International, Ltd.	1,366,000		8,914
			5,584,269
Ireland - 1.37%
AER Lingus Group PLC *	67,729		135,930
Aryzta AG *	19,544		762,120
C&C Group PLC - London Exchange	87,665		225,422
DCC PLC	27,017		520,761
Dragon Oil PLC *	38,971		122,144
Dragon Oil PLC *	28,319		89,545
FBD Holdings PLC - London Exchange	5,182		79,491
FBD Holdings PLC	2,085		34,369
Fyffes PLC	85,978		38,733
Glanbia PLC	37,999		208,096
Greencore Group PLC	43,208		108,632
IFG Group PLC	10,000		17,825
Independent News & Media PLC - London
Exchange	125,664		207,896
Independent News & Media PLC	27,385		44,730
Irish Continental Group PLC *	6,023		143,578
Irish Life & Permanent PLC - London
Exchange	86,664		608,326
Kingspan Group PLC - London Exchange	30,164		272,522
McInerney Holdings PLC	17,625		9,337
Paddy Power PLC - London Exchange	6,281		111,090
Paddy Power PLC	6,582		114,515
United Drug PLC	67,593		359,505
			4,214,567
Italy - 3.32%
Acea SpA	7,778		111,396
Acegas-APS SpA	3,244		23,712
Actelios SpA	11,733		87,788
Aedes SpA *	7,571		6,317
Amplifon SpA	29,013		74,478
Ansaldo STS SpA	17,177		243,677
AS Roma SpA *	21,754		22,189
Astaldi SpA	12,792		86,440
Autogrill SpA (a)	28,675		325,582
Azimut Holding SpA *	30,113		209,318

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Banca Finnat Euramerica SpA	15,158	$	14,580
Banca Generali SpA	9,412		55,747
Banca IFIS SpA	2,977		31,047
Banca Intermobiliare SpA	11,595		58,954
Banca Italease *	28,901		184,551
Banca Popolare dell'Etruria e del Lazio	19,544		153,864
Banca Profilo SpA	25,537		35,816
Banco di Desio e della Brianza SpA	16,649		114,263
Benetton Group SpA	19,978		186,372
Biesse SpA	2,824		24,286
Bonifica Ferraresi e Imprese Agricole SpA	374		15,899
Brembo SpA	8,798		86,153
Bulgari SpA	37,661		337,119
Caltagirone Editore SpA	9,271		40,646
Caltagirone SpA	14,027		75,235
Carraro SpA	4,098		23,001
Cementir SpA	21,620		103,169
CIR-Compagnie Industriali Riunite SpA	126,158		218,692
Class Editori SpA	12,342		13,259
Credito Artigiano SpA	24,494		78,646
Credito Bergamasco SpA *	4,117		149,014
Credito Emiliano SpA	26,107		223,337
Danieli & Company SpA	4,360		95,978
Davide Campari Milano SpA	41,877		341,743
De Longhi SpA	20,127		66,543
Digital Multimedia Technologies SpA *	2,000		43,599
ERG SpA	18,359		304,626
Ergo Previdenza SpA	6,070		37,720
Esprinet SpA	2,798		12,280
Fiera Milano SpA *	3,657		30,119
Gemina SpA *	367,706		375,745
Gewiss SpA	11,538		60,638
GranitiFiandre SpA	1,133		9,589
Gruppo Beghelli SpA	32,158		27,336
Gruppo Coin SpA *	8,425		28,636
Gruppo Editoriale L'Espresso SpA	55,891		119,793
Hera SpA	150,642		415,919
Immsi SpA	62,334		76,892
Impregilo SpA *	80,454		310,646
Indesit Company SpA	10,458		111,118
Industria Macchine Automatiche SpA	5,726		112,933
Intek SpA	44,100		32,489
Interpump SpA	14,112		92,564
Iride SpA	115,156		254,189
Italmobiliare SpA	2,645		141,091
Juventus Football Club SpA *	4,630		5,864
KME Group SpA (a)	19,840		18,764
Mariella Burani SpA	3,029		58,926
Marr SpA	13,000		92,086
Mediolanum SpA	70,610		323,455
Meliorbanca SpA	18,050		71,983
Milano Assicurazioni SpA	63,803		282,717
Mirato SpA	2,533		25,047
Mondadori (Arnoldo) Editore SpA	32,518		164,315
Nice SpA	8,489		36,420
Permasteelisa SpA	4,548		72,550

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

220

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Italy (continued)
Piccolo Credito Valtellinese Scrl	61,608	$	513,892
Pirelli & C Real Estate SpA	5,361		68,784
Premafin Finanziaria SpA	44,530		81,167
Recordati SpA	28,379		175,226
Reno de Medici SpA *	57,383		17,682
Risanamento SpA *	20,386		24,543
Sabaf SpA	1,000		24,762
SAES Getters SpA	2,698		45,356
Safilo Group SpA	56,264		78,778
Save SpA (a)	3,100		29,229
Snia SPA *	65,590		32,360
Societa' Cattolica di Assicurazioni S.c.r.l.	15,421		715,680
Societa Partecipazioni Finanziarie SpA *	42,415		15,045
Socotherm SpA * (a)	2,568		10,169
Sogefi SpA	12,908		37,536
Sol SpA	7,134		37,126
Sorin SpA *	61,757		64,593
Telecom Italia Media SpA *	181,160		25,944
Tiscali SpA *	81,285		137,483
Tod's SpA	3,239		162,981
Trevi Finanziaria SpA	8,245		136,890
Vianini Lavori SpA	5,861		57,848
Vittoria Assicurazioni SpA	3,029		45,158
			10,207,092
Japan - 24.14%
Abilit Corp.	3,100		4,868
Achilles Corp.	49,000		64,049
Adeka Corp.	27,700		175,115
Aderans Company, Ltd.	8,500		135,108
Advan Company, Ltd.	6,500		35,498
Aeon Delight Company, Ltd.	3,400		78,323
Aeon Fantasy Company, Ltd.	5,480		42,494
Ahresty Corp.	6,000		52,863
AI Holdings Corp.	12,500		40,976
Aica Kogyo Company, Ltd.	15,600		122,013
Aichi Bank, Ltd.	2,600		180,139
Aichi Corp.	10,900		43,008
Aichi Machine Industry Company, Ltd.	16,000		36,067
Aichi Steel Corp.	35,000		143,478
Aida Engineering, Ltd.	17,000		70,491
Aigan Company, Ltd.	4,800		26,612
Aiphone Company, Ltd.	5,500		95,930
Airport Facilities Company, Ltd.	13,100		64,677
Aisan Industry Company, Ltd.	9,600		57,947
Akebono Brake Industry Company, Ltd. (a)	15,000		89,291
Akindo Sushiro Company, Ltd.	1,800		54,482
Akita Bank, Ltd.	55,000		210,505
Allied Telesis Holdings KK *	58,000		26,564
Aloka Company, Ltd.	5,000		49,882
Alpha Corp.	1,000		7,063
Alpha Systems, Inc.	2,700		55,068
Alpine Electronics, Inc.	13,500		129,592
Alps Logistics Company, Ltd.	2,000		19,493
Altech Corp. *	3,600		33,710
Amano Corp.	19,200		153,877
Amiyaki Tei Co Ltd *	16		22,212

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Amuse, Inc.	2,200	$	29,427
Ando Corp.	14,000		19,999
Anest Iwata Corp.	7,000		24,563
Anritsu Corp.	23,000		63,724
AOC Holdings, Inc.	9,600		75,614
AOI Electronic Company, Ltd.	1,700		14,475
AOKI Holdings, Inc.	6,700		68,250
Aomori Bank, Ltd.	42,000		159,110
Aoyama Trading Company, Ltd.	17,500		233,836
Arakawa Chemical Industries, Ltd.	3,500		31,732
Araya Industrial Company, Ltd.	14,000		31,039
Arealink Company, Ltd.	105		4,501
Ariake Japan Company, Ltd.	5,500		90,352
Arisawa Manufacturing Company, Ltd.	11,500		56,944
Aronkasei Company, Ltd.	7,000		23,918
Art Corp. (a)	2,000		20,253
As One Corp.	3,100		62,856
Asahi Diamond Industrial Company, Ltd.	14,000		81,410
Asahi Kogyosha Company, Ltd.	12,000		44,030
Asahi Organic Chemicals
Industry Company, Ltd.	20,000		53,651
Asahi Pretec Corp.	5,400		105,317
Asahi Tec Corp. *	75,000		35,705
Asanuma Corp.	21,000		15,869
ASATSU-DK, Inc.	7,900		225,025
Ashimori Industry Company, Ltd.	12,000		21,012
Asia Securities Printing Company, Ltd.	5,200		36,311
ASKA Pharmaceutical Company, Ltd.	5,000		38,629
Asunaro Aoki Construction Company, Ltd.	10,000		43,197
Atsugi Company, Ltd.	58,000		64,605
Autobacs Seven Company, Ltd.	9,200		229,954
Avex Group Holdings, Inc.	6,800		60,330
Awa Bank, Ltd.	61,000		352,762
Azel Corp.	14,000		4,711
Bando Chemical Industries, Ltd.	20,000		55,224
Bank of Ikeda, Ltd.	4,800		192,109
Bank of Iwate, Ltd.	4,300		255,860
Bank of Nagoya, Ltd.	45,594		251,753
Bank of Okinawa, Ltd.	5,000		176,083
Bank of Saga, Ltd.	50,000		144,642
Bank of the Ryukyus, Ltd.	10,600		89,946
Belluna Company, Ltd.	7,000		31,562
Best Denki Company, Ltd. (a)	18,500		70,025
Bookoff Corp.	2,000		13,158
BSL Corp. * (a)	23,000		2,874
Bunka Shutter Company, Ltd.	17,000		53,490
C.I. Kasei Company, Ltd.	8,000		18,624
CAC Corp.	3,400		30,081
Calsonic Kansei Corp.	44,000		126,186
Canon Electronics, Inc.	4,400		71,101
Canon Finetech, Inc.	7,000		73,657
Catena Corp	8,500		19,385
Cawachi, Ltd.	5,000		94,757
Central Finance Company, Ltd.	23,000		46,415
Central Glass Company, Ltd.	50,000		166,940
Century Leasing System, Inc.	8,000		69,558

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

221

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
CFS Corp.	6,000	$	36,967
Chiba Kogyo Bank, Ltd. *	10,200		116,301
Chino Corp.	10,000		24,900
Chiyoda Company, Ltd.	6,400		87,354
Chofu Seisakusho Company, Ltd.	6,400		125,887
Chori Company, Ltd. *	34,000		33,192
Chubu Shiryo Company, Ltd.	6,000		39,326
Chudenko Corp.	7,600		114,233
Chuetsu Pulp & Paper Company, Ltd.	15,000		25,246
Chugai Mining Company, Ltd.	34,900		11,834
Chugai Ro Company, Ltd.	19,000		92,633
Chugoku Marine Paints, Ltd.	13,000		77,342
Chukyo Bank, Ltd.	38,000		103,853
Chuo Denki Kogyo Company, Ltd.	5,000		41,643
Chuo Spring Company, Ltd.	13,000		43,494
Circle K Sunkus Company, Ltd.	12,500		207,206
CKD Corp.	22,100		96,185
Clarion Company, Ltd.	46,000		64,472
Cleanup Corp.	7,200		28,100
CMK Corp.	13,400		84,641
Coca-Cola Central Japan Company, Ltd.	12		71,193
cocokara fine HOLDINGS, Inc. *	1,540		19,072
Colowide Company, Ltd.	14,000		69,352
Columbia Music Entertainment, Inc. *	27,000		12,951
Commuture Corp.	11,000		59,279
Computer Engineering & Consulting, Ltd.	2,900		24,622
COMSYS Holdings Corp.	32,000		275,794
Corona Corp.	7,000		73,306
Cosel Company, Ltd.	5,800		51,513
Creed Corp. (a)	33		26,008
Cross Plus, Inc.	1,000		9,302
CSK Corp.	10,151		148,342
CTI Engineering Company, Ltd.	2,700		15,685
Culture Convenience Club Company, Ltd.	25,700		193,298
Cybozu, Inc.	50		11,831
D.G. Roland Corp.	3,000		55,248
Dai Nippon Toryo Company, Ltd.	22,000		23,367
Dai-Dan Company, Ltd.	10,000		53,589
Daido Kogyo Company, Ltd.	16,000		29,438
Daido Metal Company, Ltd. (a)	8,000		26,310
Daidoh, Ltd.	7,600		74,878
Daiei, Inc. *	8,150		43,544
Daifuku Company, Ltd.	20,000		126,093
Daihen Corp.	30,000		107,250
Daiho Corp.	13,000		8,746
Daiichi Jitsugyo Company, Ltd.	16,000		53,712
Daiichi Kigenso Kagaku-Kogyo Company, Ltd.	400		6,303
Dai-Ichi Kogyo Seiyaku Company, Ltd. *	8,000		15,267
Daiken Corp.	34,000		61,353
Daiki Aluminium Industry Company, Ltd.	7,000		17,671
Daiko Clearing Services Corp.	3,000		20,297
Daikoku Denki Company, Ltd.	5,400		60,895
Daikyo, Inc.	66,144		102,460
Daimei Telecom Engineering Corp.	12,000		97,401
Dainichi Company, Ltd.	3,800		19,834

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Dainichiseika Color & Chemicals
Manufacturing Company, Ltd.	16,000	$	48,030
Dainippon Screen Manufacturing
Company, Ltd.	56,000		181,337
Daio Paper Corp.	25,000		210,338
Daisan Bank, Ltd.	38,000		127,151
Daiseki Company, Ltd.	5,699		152,079
Daiso Company, Ltd.	20,000		50,585
Daisyo Corp.	3,900		40,250
Daito Bank, Ltd.	20,000		15,020
Daiwa Industries, Ltd.	12,000		35,142
Daiwa Seiko, Inc.	17,000		21,660
Daiwabo Company, Ltd.	36,000		92,447
Daiwabo Information System Company, Ltd.	4,500		101,953
DC Company, Ltd.	9,000		25,531
DCM Japan Holdings Company, Ltd.	19,500		137,382
Denki Kogyo Company, Ltd.	15,000		84,412
Denyo Company, Ltd.	6,700		43,827
Descente, Ltd.	16,000		91,607
Disco Corp.	2,000		58,699
Don Quijote Company, Ltd.	10,000		178,859
Doshisha Company, Ltd.	2,200		29,354
Doutor Nichires Holdings Company, Ltd.	6,893		103,518
DTS Corp.	4,800		50,086
Dwango Company, Ltd.	30		43,090
Dydo Drinco, Inc.	3,600		81,026
E-Access, Ltd.	290		162,546
Eagle Industry Company, Ltd.	8,000		34,328
Ebara Corp.	106,000		280,180
EDION Corp.	23,800		160,614
Ehime Bank, Ltd.	42,000		117,289
Eighteenth Bank, Ltd.	50,000		131,200
Eiken Chemical Company, Ltd.	4,000		28,478
Eizo Nanao Corp.	4,500		86,474
Enplas Corp.	4,500		39,990
Epson Toyocom Corp.	22,000		58,907
Espec Corp.	3,000		19,409
Exedy Corp.	7,800		147,124
Ezaki Glico Company, Ltd. (a)	11,000		104,285
F&A Aqua Holdings, Inc.	3,800		24,252
Fancl Corp.	9,700		116,868
FDK Corp. *	21,000		22,177
Foster Electric Company, Ltd.	4,900		62,342
FP Corp.	3,200		99,327
France Bed Holdings Company, Ltd.	44,000		55,510
Fudo Construction Company, Ltd.	29,000		20,367
Fuji Company, Ltd.	3,700		58,433
Fuji Corp., Ltd.	6,000		13,519
Fuji Kosan Company, Ltd. *	33,000		28,129
Fuji Kyuko Company, Ltd.	19,000		73,150
Fuji Oil Company, Ltd.	16,900		192,452
Fuji Software ABC, Inc.	7,700		136,243
Fujibo Holdings, Inc.	14,000		19,107
Fujicco Company, Ltd.	8,000		85,706
Fujikura Kasei Company, Ltd.	4,000		25,416
Fujikura Rubber, Ltd.	5,000		17,689
Fujita Corp.	4,800		9,160

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

222

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Fujita Kanko, Inc.	18,000	$	122,952
Fujitec Company, Ltd.	19,000		92,746
Fujitsu Business Systems, Ltd.	5,600		73,366
Fujitsu Frontech, Ltd.	4,000		36,583
Fujitsu General, Ltd. *	12,000		33,890
Fujiya Company, Ltd. *	19,000		21,835
Fukuda Corp.	8,000		17,397
Fukui Bank, Ltd.	68,000		196,011
Fukushima Bank, Ltd.	66,000		46,424
Fukushima Industries Corp.	3,500		30,930
Fukuyama Transporting Company, Ltd.	53,000		199,516
Funai Consulting Company, Ltd.	5,000		28,085
Funai Electric Company, Ltd.	5,100		94,054
Furukawa Battery Company, Ltd. *	6,000		39,079
Furukawa Company, Ltd.	64,000		90,693
Furusato Industries, Ltd.	2,000		17,227
Fuso Pharmaceutical Industries, Ltd.	20,000		59,185
Futaba Corp.	11,100		195,239
Futaba Industrial Company, Ltd.	6,400		79,594
Future System Consulting Corp.	39		18,021
Fuyo General Lease Company, Ltd.	4,400		106,159
Gakken Company, Ltd.	28,000		72,714
Gecoss Corp.	5,500		20,635
Geo Corp.	102		99,088
Gigas K's Denki Corp.	9,300		170,577
GMO Internet, Inc. (a)	9,500		44,925
Godo Steel, Ltd.	31,000		98,752
Goldcrest Company, Ltd.	5,220		77,246
Goldwin, Inc. * (a)	11,000		21,428
Goodwill Group, Inc. *	328		10,301
Gourmet Kineya Company, Ltd.	5,000		34,114
Green Hospital Supply, Inc.	38		21,016
GS Yuasa Corp. (a)	81,000		288,144
Gulliver International Company, Ltd.	910		15,918
Gun-Ei Chemical Industry Company, Ltd.	11,000		21,725
Gunze, Ltd.	54,000		212,543
Hakuto Company, Ltd.	6,100		47,984
Hankyu Department Stores	37,000		225,312
Hanwa Company, Ltd.	44,000		153,221
Happinet Corp.	1,600		22,192
Harashin Narus Holdings Company, Ltd.	3,000		29,586
Harima Chemicals, Inc.	5,000		19,221
Haruyama Trading Company, Ltd.	2,700		11,554
Hayashikane Sangyo Company, Ltd. *	40,000		31,380
Hazama Corp.	19,600		15,450
Heiwa Corp.	5,900		46,495
Heiwado Company, Ltd.	8,300		118,745
Hibiya Engineering, Ltd.	11,000		84,691
Higashi-Nippon Bank, Ltd.	39,000		106,261
Higo Bank, Ltd.	20,000		114,969
HIS Company, Ltd.	5,000		58,035
Hitachi Cable, Ltd.	9,000		30,732
Hitachi Information Systems, Ltd.	6,200		118,523
Hitachi Kokusai Electric, Inc.	22,000		133,511
Hitachi Maxell, Ltd.	14,800		158,763
Hitachi Medical Corp.	11,000		89,416

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Hitachi Plant Technologies, Ltd.	21,000	$	69,495
Hitachi Software Engineering Company, Ltd.	4,900		86,694
Hitachi Systems & Services, Ltd.	4,000		53,430
Hitachi Tool Engineering, Ltd.	5,900		56,113
Hitachi Transport System, Ltd.	12,000		151,347
Hitachi Zosen Corp. * (a)	149,000		157,279
Hochiki Corp.	7,000		44,093
Hodogaya Chemical Company, Ltd.	23,000		45,313
Hogy Medical Company, Ltd.	2,400		110,056
Hokkaido Gas Company, Ltd.	13,000		31,455
Hokkan Holdings, Ltd.	11,000		23,393
Hokuetsu Bank, Ltd.	49,000		101,336
Hokuetsu Paper Mills, Ltd.	30,000		131,556
Hokuriku Electric Industry Company, Ltd.	12,000		19,147
Hokuto Corp.	4,800		107,578
Horiba, Ltd. *	6,700		153,464
Horipro, Inc.	2,300		20,305
Hosiden Corp.	11,400		164,201
Hosokawa Micron Corp.	12,000		46,384
Howa Machinery, Ltd.	19,000		12,964
I Metal Technology Company, Ltd.	14,000		30,540
IBJ Leasing Company, Ltd.	5,000		86,636
Ichikoh Industries, Ltd.	12,000		25,927
Ichiyoshi Securities Company, Ltd.	8,800		92,294
ICOM, Inc.	3,200		63,747
IDEC Corp.	7,000		72,294
Ihara Chemical Industry Company, Ltd.	10,000		28,434
Iino Kaiun Kaisha, Ltd.	20,200		164,206
Ikegami Tsushinki Company, Ltd. *	12,000		12,496
Imasen Electric Industrial Company, Ltd.	3,500		32,833
Imperial Hotel, Ltd.	2,750		58,264
Impress Holdings, Inc.	103		12,039
Inaba Denki Sangyo Company, Ltd.	4,600		103,829
Inaba Seisakusho Company, Ltd.	4,800		45,100
Inabata & Company, Ltd.	12,000		42,720
Inageya Company, Ltd.	10,000		83,868
Ines Corp.	11,600		45,628
Information Services International -
Dentsu, Ltd.	3,900		25,075
Inui Steamship Company, Ltd.	4,700		47,483
Invoice, Inc.	2,077		15,155
Ise Chemical Corp.	3,000		13,498
Iseki & Company, Ltd. * (a)	46,000		98,611
Ishihara Sangyo Kaisha, Ltd. *	99,000		133,711
Ishii Hyoki Company, Ltd.	800		17,222
IT Holdings Corp. *	11,820		174,184
ITO EN, Ltd.	3,300		42,835
Itochu Enex Company, Ltd.	12,600		81,406
Itochu-Shokuhin Company, Ltd.	2,300		75,029
Itoham Foods, Inc.	40,000		185,880
Itoki Corp.	11,900		38,617
Iwasaki Electric Company, Ltd.	12,000		17,295
Iwatani International Corp.	47,000		110,511
Iwatsu Electric Company, Ltd. *	17,000		15,076
Izumiya Company, Ltd.	28,000		152,898
Izutsuya Company, Ltd. *	43,000		26,422

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

223

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
J. Bridge Corp. *	7,000	$	1,695
Jalux, Inc.	2,200		28,420
Jamco Corp.	3,000		19,233
Janome Sewing Machine Company, Ltd.	79,000		44,254
Japan Aviation Electronics Industry, Ltd.	16,000		75,349
Japan Carlit Company, Ltd. *	6,300		24,039
Japan Cash Machine Company, Ltd.	4,600		36,701
Japan Digital Laboratory Company, Ltd.	6,300		68,562
Japan General Estate Company, Ltd. (a)	11,800		26,333
Japan Pulp & Paper Company, Ltd.	26,000		85,644
Japan Radio Company, Ltd.	28,000		51,844
Japan Servo Company, Ltd.	6,000		35,298
Japan Transcity Corp., Ltd.	19,000		68,772
Japan Vilene Company, Ltd.	12,000		45,225
Japan Wool Textile Company, Ltd.	19,000		148,837
Jastec Company, Ltd. *	3,400		17,610
JBCC Holdings, Inc.	4,200		28,925
JBIS Holdings, Inc.	8,000		28,255
Jeol, Ltd.	19,000		57,896
Jidosha Buhin Kogyo Company, Ltd. *	5,000		14,080
JK Holdings Company, Ltd.	5,800		33,152
JMS Company, Ltd.	12,000		31,902
Joban Kosan Company, Ltd.	23,000		34,803
J-Oil Mills, Inc.	26,000		113,612
Joint Corp. (a)	8,200		17,384
Joshin Denki Company, Ltd.	12,000		99,733
JSP Corp.	8,300		52,547
Juki Corp.	48,000		82,272
Kabuki-Za Company, Ltd.	1,000		42,814
Kadokawa Holdings, Inc.	5,200		117,247
Kaga Electronics Company, Ltd.	4,900		56,068
Kagawa Bank, Ltd.	23,000		107,763
Kagome Company, Ltd. (a)	8,700		135,487
Kagoshima Bank, Ltd.	25,000		171,768
Kakaku.com, Inc.	38		120,116
Kaken Pharmaceutical Company, Ltd.	23,000		182,091
Kameda Seika Company, Ltd.	4,000		53,597
Kamei Corp.	5,000		19,319
Kanaden Corp.	6,000		28,296
Kanagawa Chuo Kotsu Company, Ltd.	8,000		36,609
Kanamoto Company, Ltd.	5,000		20,351
Kandenko Company, Ltd.	27,000		156,165
Kanematsu Corp. *	127,000		122,892
Kanematsu Electronics, Ltd.	5,800		42,713
Kanto Auto Works, Ltd.	10,800		131,360
Kanto Denka Kogyo Company, Ltd.	13,000		48,060
Kanto Natural Gas Development, Ltd.	10,000		55,263
Kanto Tsukuba Bank, Ltd.	15,700		70,907
Kasai Kogyo Company, Ltd.	8,000		18,287
Kasumi Company, Ltd.	10,000		54,233
Katakura Industries Company, Ltd.	6,500		84,276
Kato Sangyo Company, Ltd.	6,700		80,033
Kato Works Company, Ltd.	10,000		23,681
Kawada Industries, Inc. *	9,000		10,365
Kawai Musical Instruments Manufacturing
Company, Ltd.	20,000		20,002

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Kawasaki Kinkai Kisen Kaisha, Ltd.	10,000	$	31,032
Kawashima Selkon Textiles Company, Ltd. *	18,000		14,063
Kawasumi Laboratories, Inc.	3,000		13,540
Kayaba Industry Company, Ltd.	36,000		99,510
Keihin Company, Ltd.	10,000		13,547
Keihin Corp.	12,000		141,315
Keiiyu Company, Ltd.	4,400		12,884
Keiyo Company, Ltd.	9,000		46,039
Kenedix, Inc.	139		81,707
Kentucky Fried Chicken Japan, Ltd.	3,000		47,124
Kenwood Corp.	78,000		52,744
KEY Coffee, Inc.	5,800		86,424
Kikkoman Corp.	2,820		38,197
Kimura Chemical Plants Company, Ltd. * (a)	3,700		24,110
Kinki Nippon Tourist Company, Ltd.	11,000		18,861
Kinki Sharyo Company, Ltd.	8,000		31,626
Kintetsu World Express, Inc.	6,100		102,616
Kinugawa Rubber Industrial Company, Ltd.	15,000		31,398
Kioritz Corp.	10,000		18,911
Kirayaka Holdings Company, Inc.	7,000		10,062
Kishu Paper Company, Ltd. *	18,000		20,255
Kisoji Company, Ltd.	4,700		90,875
Kissei Pharmaceutical Company, Ltd.	9,000		195,911
Kitagawa Iron Works Company, Ltd.	13,000		20,154
Kita-Nippon Bank, Ltd.	1,900		49,367
Kitano Construction Corp.	12,000		24,462
Kitz Corp.	23,000		108,013
Kiyo Holdings, Inc.	193,000		278,444
Koa Corp.	10,500		57,764
Koatsu Gas Kogyo Company, Ltd.	14,000		70,931
Kobayashi Pharmaceutical Company, Ltd.	6,400		195,558
Koei Company, Ltd.	5,400		70,035
Kohnan Shoji Company, Ltd.	8,400		125,514
Kohsoku Corp.	4,300		22,103
Koike Sanso Kogyo Company, Ltd.	9,000		26,931
Kojima Company, Ltd.	3,700		14,650
Kokuyo Company, Ltd.	24,000		188,504
Komatsu Seiren Company, Ltd.	9,000		34,352
Komatsu Wall Industry Company, Ltd.	2,100		23,802
Komeri Company, Ltd.	8,200		232,459
Komori Corp.	15,600		209,599
Konaka Company, Ltd.	10,000		42,056
Konishi Company, Ltd.	4,000		34,467
Kosaido Company, Ltd.	3,800		11,612
Kose Corp.	7,500		208,698
Kosei Securities Company, Ltd.	18,000		17,822
Krosaki Harima Corp.	22,000		40,278
Kumagai Gumi Company, Ltd.	33,000		13,985
Kumiai Chemical Industry Company, Ltd.	15,000		43,676
Kura Corp. *	16		25,646
Kurabo Industries, Ltd.	61,000		107,157
Kureha Corp.	34,000		186,362
Kurimoto, Ltd.	27,000		22,371
Kuroda Electric Company, Ltd.	7,800		73,305
Kyoden Company, Ltd.	6,000		6,372
Kyodo Printing Company, Ltd.	20,000		51,531

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

224

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Kyodo Shiryo Company, Ltd.	21,000	$	22,601
Kyoei Tanker Company, Ltd. * (a)	14,000		38,919
Kyokuto Kaihatsu Kogyo Company, Ltd.	11,100		46,650
Kyokuyo Company, Ltd.	15,000		24,652
Kyoritsu Maintenance Company, Ltd.	3,300		57,504
Kyosan Electric Manufacturing Company, Ltd.	11,000		38,006
Kyoto Kimono Yuzen Company, Ltd.	20		14,388
Kyowa Exeo Corp.	19,000		172,722
Kyowa Leather Cloth Company, Ltd.	2,000		9,408
Kyudenko Corp.	15,000		87,592
Life Corp.	9,600		150,269
Lintec Corp.	12,000		196,949
Lion Corp.	44,000		235,426
Macnica, Inc.	2,100		27,397
Maeda Corp.	41,000		127,352
Maeda Road Construction Company, Ltd.	21,000		135,856
Maezawa Kasei Industries Company, Ltd.	2,000		18,435
Maezawa Kyuso Industries Company, Ltd.	3,600		51,148
Makino Milling Machine Company, Ltd.	26,000		103,690
Mandom Corp.	4,400		116,641
Mars Engineering Corp.	1,600		34,676
Marubun Corp.	6,100		30,645
Marudai Food Company, Ltd.	30,000		64,671
Maruei Department Store Company, Ltd. *	7,000		20,024
Maruetsu, Inc. *	14,000		92,401
Maruha Group, Inc.	91,385		151,935
Marusan Securities Company, Ltd.	16,600		102,214
Maruwa Company, Ltd.	1,300		14,504
Maruzen Company, Ltd. *	22,000		17,957
Maruzen Showa Unyu Company, Ltd.	24,000		65,511
Maspro Denkoh Corp.	4,000		31,735
Matsuda Sangyo Company, Ltd. (a)	2,970		49,149
Matsui Construction Company, Ltd.	8,000		22,566
Matsuya Company, Ltd.	7,900		136,988
Matsuya Foods Company, Ltd.	4,400		51,935
Max Company, Ltd.	10,000		101,030
Maxvalu Tokai Company, Ltd.	3,000		35,225
MEC Company, Ltd.	2,400		16,799
Megachips Corp.	4,000		47,252
Meidensha Corp.	42,000		114,721
Meiji Shipping Company, Ltd. * (a)	6,300		29,303
Meitec Corp.	8,800		235,718
Meito Sangyo Company, Ltd.	4,100		81,612
Meiwa Corp. *	9,000		13,237
Meiwa Estate Company, Ltd.	6,900		29,630
Mercian Corp.	18,200		35,381
Michinoku Bank, Ltd.	43,000		91,470
Mikuni Coca-Cola Bottling Company, Ltd.	10,000		87,468
Mikuni Corp.	11,000		17,610
Milbon Company, Ltd.	3,300		72,660
Mimasu Semiconductor Industry Company,
Ltd.	3,500		46,512
Minato Bank, Ltd.	54,000		76,006
Ministop Company, Ltd.	4,300		78,016
Miraca Holdings, Inc.	6,800		131,538
Misawa Homes Holdings, Inc. *	10,000		36,900

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Mito Securities Company, Ltd.	21,000	$	56,216
Mitsuba Corp., Ltd.	9,000		47,856
Mitsubishi Cable Industries, Ltd.	36,000		35,443
Mitsubishi Kakoki Kaisha, Ltd.	11,000		22,858
Mitsubishi Paper Mills, Ltd.	70,000		148,774
Mitsubishi Pencil Company, Ltd.	5,600		61,191
Mitsubishi Steel Manufacturing Company, Ltd.	34,000		100,412
Mitsuboshi Belting Company, Ltd.	22,000		104,569
Mitsui High-Tec, Inc.	7,100		44,222
Mitsui Home Company, Ltd.	16,000		76,442
Mitsui Knowledge Industry Company, Ltd.	263		51,972
Mitsui Matsushima Company, Ltd. *	16,000		33,163
Mitsui Mining Company, Ltd.	33,000		74,828
Mitsui Sugar Company, Ltd.	27,000		101,107
Mitsui-Soko Company, Ltd.	30,000		136,422
Mitsumura Printing Company, Ltd.	9,000		28,112
Mitsuuroko Company, Ltd.	14,000		82,852
Miura Company, Ltd.	6,600		144,101
Miyazaki Bank, Ltd.	35,000		104,651
Miyoshi Oil & Fat Company, Ltd.	14,000		19,361
Miyuki Holdings Company, Ltd.	4,000		9,232
Mizuno Corp.	28,000		132,607
Mochida Pharmaceutical Company, Ltd.	16,000		165,318
Modec, Inc.	5,300		124,933
Monex Group, Inc.	295		106,848
Mori Seiki Company, Ltd.	8,600		103,916
Morinaga & Company, Ltd.	49,000		90,734
Morinaga Milk Industry Company, Ltd.	58,000		165,966
Morita Corp.	6,000		23,329
Mory Industries, Inc.	13,000		32,789
MOS Food Services, Inc.	7,200		80,760
Moshi Moshi Hotline, Inc.	6,050		158,124
Mr. Max Corp.	7,300		19,932
Musashino Bank, Ltd.	8,400		243,608
Mutoh Holdings Company, Ltd. *	17,000		35,757
Mutow Company, Ltd.	7,800		39,436
Nachi-Fujikoshi Corp. *	47,000		125,475
Nagano Bank, Ltd.	21,000		40,031
Nagase & Company, Ltd.	20,000		186,150
Nagatanien Company, Ltd.	5,000		39,166
Nakabayashi Company, Ltd.	20,000		32,438
Nakamuraya Company, Ltd.	12,000		49,371
Nakayama Steel Works, Ltd.	24,000		78,476
NEC Fielding, Ltd.	8,900		84,882
NEC Leasing, Ltd.	5,700		66,136
NEC Mobiling, Ltd.	2,100		27,274
NEC Networks & System Integration Corp.	7,200		91,836
NEC Tokin Corp. *	11,000		34,336
Net One Systems Company, Ltd.	147		210,880
Netmarks, Inc. *	28		5,318
Neturen Company, Ltd.	8,000		50,815
New Tachikawa Aircraft Company, Ltd. *	900		34,544
Nice Corp.	24,000		43,804
Nichia Steel Works, Ltd.	8,000		26,798
Nichias Corp.	35,000		105,933
Nichiban Company, Ltd.	10,000		32,067

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

225

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nichicon Corp.	18,300	$	125,323
Nichiha Corp.	6,400		44,906
Nichii Gakkan Company, Ltd.	5,300		63,817
Nichimo Corp.	28,000		4,107
NICHIREI Corp.	47,000		250,285
Nichireki Company, Ltd.	6,000		15,203
Nidec Copal Corp.	5,700		64,842
Nidec Sankyo Corp.	21,000		101,546
Nidec Tosok Corp.	2,800		22,475
Nifco, Inc.	10,700		188,016
Nihon Chouzai Company, Ltd.	1,080		14,710
Nihon Dempa Kogyo Company, Ltd.	4,300		74,849
Nihon Eslead Corp.	5,200		36,655
Nihon Inter Electronics Corp.	5,000		9,651
Nihon Kagaku Sangyo Company, Ltd.	1,000		5,883
Nihon Kohden Corp.	9,600		179,778
Nihon Nohyaku Company, Ltd. (a)	9,000		52,224
Nihon Parkerizing Company, Ltd.	13,000		147,056
Nihon Spindle Manufacturing Company, Ltd. *	14,000		28,498
Nihon Yamamura Glass Company, Ltd.	16,000		27,557
Nikkiso Company, Ltd.	14,000		71,840
Nikko Company, Ltd.	5,000		10,909
Nippo Corp.	20,000		112,887
Nippon Avionics Company, Ltd.	7,000		13,759
Nippon Beet Sugar
Manufacturing Company, Ltd.	36,000		73,466
Nippon Carbide Industries Company, Inc. *	23,000		21,928
Nippon Carbon Company, Ltd.	23,000		73,599
Nippon Ceramic Company, Ltd.	7,400		77,390
Nippon Chemical Industrial Company, Ltd.	19,000		39,303
Nippon Chemi-Con Corp.	38,000		122,369
Nippon Chemiphar Company, Ltd.	10,000		33,832
Nippon Concrete Industries Company, Ltd.	16,000		19,420
Nippon Denko Company, Ltd.	17,000		106,495
Nippon Densetsu Kogyo Company, Ltd.	16,000		132,700
Nippon Denwa Shisetsu Company, Ltd.	10,000		24,699
Nippon Filcon Company, Ltd.	5,000		23,430
Nippon Fine Chemical Company, Ltd.	6,000		28,002
Nippon Flour Mills Company, Ltd.	38,000		189,299
Nippon Formula Feed Manufacturing
Company, Ltd. *	22,000		24,335
Nippon Gas Company, Ltd.	7,200		69,910
Nippon Hume Corp. *	8,000		20,468
Nippon Kanzai Company, Ltd.	3,500		85,843
Nippon Kasei Chemical Company, Ltd.	16,000		23,647
Nippon Kayaku Company, Ltd.	42,000		252,170
Nippon Kinzoku Company, Ltd.	16,000		26,402
Nippon Koei Company, Ltd.	27,000		60,196
Nippon Konpo Unyu Soko Company, Ltd.	18,000		168,299
Nippon Koshuha Steel Company, Ltd.	16,000		17,267
Nippon Light Metal Company, Ltd.	135,000		158,491
Nippon Metal Industry Company, Ltd.	30,000		55,128
Nippon Paint Company, Ltd.	56,000		227,693
Nippon Parking Development Company, Ltd.	1,315		48,985
Nippon Pillar Packing Company, Ltd.	8,000		32,936
Nippon Piston Ring Company, Ltd.	13,000		18,398
Nippon Road Company, Ltd.	15,000		16,696

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Nippon Seiki Company, Ltd.	10,000	$	92,611
Nippon Seisen Company, Ltd.	10,000		28,806
Nippon Shinyaku Company, Ltd.	13,000		123,750
Nippon Shokubai Company, Ltd.	40,000		256,424
Nippon Signal Company, Ltd.	12,700		56,309
Nippon Soda Company, Ltd.	36,000		144,946
Nippon Steel Trading Company, Ltd.	20,000		43,521
Nippon Suisan Kaisha, Ltd.	65,500		240,982
Nippon Synthetic Chemical Industry
Company, Ltd.	19,000		60,284
Nippon System Development Company, Ltd.	9,600		78,875
Nippon Thompson Company, Ltd.	18,000		76,252
Nippon Valqua Industries, Ltd.	23,000		55,860
Nippon Yakin Kogyo Company, Ltd.	27,500		101,467
Nippon Yusoki Company, Ltd.	5,000		12,663
Nippon Zeon Company	50,000		175,266
Nipro Corp.	13,000		220,701
NIS Group Company, Ltd. *	24,058		26,464
Nishimatsu Construction Company, Ltd.	77,000		177,260
Nishimatsuya Chain Company, Ltd.	12,300		117,244
Nishi-Nippon Railroad Company, Ltd.	86,000		288,274
Nissan Shatai Company, Ltd.	23,000		153,927
Nissei Corp.	2,900		26,232
Nissei Plastic Industrial Company, Ltd.	4,000		13,821
Nissen Company, Ltd.	12,800		53,854
Nisshin Fudosan Company, Ltd.	2,900		9,490
Nisshin Oillio Group, Ltd.	35,000		188,529
Nissin Corp.	18,000		43,245
Nissin Electric Company, Ltd.	14,000		57,156
Nissin Kogyo Company, Ltd.	7,700		101,647
Nissin Sugar Manufacturing Company, Ltd.	10,000		22,585
Nissui Pharmaceutical Company, Ltd.	3,000		20,284
Nitta Corp.	6,200		78,076
Nittan Valve Company, Ltd.	4,000		17,689
Nittetsu Mining Company, Ltd.	20,000		55,318
Nitto Boseki Company, Ltd.	75,000		161,494
Nitto FC Company, Ltd.	2,000		8,763
Nitto Kogyo Corp.	7,800		57,475
Nitto Kohki Company, Ltd.	3,500		61,869
Nitto Seiko Company, Ltd.	10,000		27,054
NIWS Company HQ, Ltd. *	122		0
NOF Corp.	40,000		135,089
Nohmi Bosai, Ltd.	10,000		80,208
Nomura Company, Ltd.	7,000		18,203
Noritake Company, Ltd.	27,000		88,335
Noritsu Koki Company, Ltd.	5,500		68,853
Noritz Corp.	7,200		65,433
Nosan Corp.	17,000		36,074
NS Solutions Corp.	4,600		66,580
Oenon Holdings, Inc.	9,000		27,800
Oiles Corp.	9,360		114,186
Oita Bank, Ltd.	35,000		184,398
Okabe Company, Ltd.	13,400		51,219
Okamoto Industries, Inc.	23,000		72,524
Okamoto Machine Tool Works, Ltd.	7,000		10,124
Okamura Corp.	19,000		120,772

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

226

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Okano Valve Manufacturing Company *	6,000	$	25,530
Okasan Holdings, Inc.	46,000		224,020
Oki Electric Industry Company, Ltd. *	145,000		152,890
Okinawa Electric Power Company, Inc.	3,600		172,336
OKK Corp.	10,000		12,829
Okuma Holdings, Inc.	14,000		81,238
Okumura Corp.	44,000		168,164
Okura Industrial Company, Ltd.	8,000		16,610
Okuwa Company, Ltd.	5,000		74,719
Olympic Corp.	4,600		31,040
O-M, Ltd.	5,000		22,486
OMC Card, Inc. *	35,300		78,341
ONO Sokki Company, Ltd.	5,000		23,377
Onoken Company, Ltd.	4,300		46,676
Organo Corp.	9,000		61,521
Oriental Yeast Company, Ltd.	6,000		30,742
Origin Electric Company, Ltd.	6,000		26,475
Osaka Steel Company, Ltd.	5,200		67,581
Osaki Electric Company, Ltd.	10,000		43,921
OSG Corp.	19,200		163,257
Oyo Corp.	7,000		77,453
Pacific Industrial Company, Ltd.	19,000		69,133
Pacific Metals Company, Ltd.	19,000		137,759
PanaHome Corp.	25,000		139,853
Paramount Bed Company, Ltd.	6,400		85,578
Parco Company, Ltd.	13,200		139,125
Paris Miki, Inc.	6,700		56,432
Park24 Company, Ltd.	30,300		170,843
Pasco Corp. *	19,000		27,664
Pasona Group, Inc.	36		27,527
PCA Corp.	1,500		14,222
Penta-Ocean Construction Company, Ltd. *	70,500		76,409
PIA Corp. *	1,200		12,923
Pigeon Corp.	3,800		107,146
Pilot Corp.	43		100,089
Piolax, Inc.	3,700		62,657
Press Kogyo Company, Ltd.	22,000		60,859
Prima Meat Packers, Ltd. *	59,000		64,641
Q.P. Corp.	25,000		232,444
Raito Kogyo Company, Ltd.	9,900		21,716
Rasa Industries, Ltd.	10,000		14,279
Renown, Inc. *	7,000		16,464
Resort Solution Company, Ltd.	8,000		17,345
Resorttrust, Inc.	12,200		115,329
Rhythm Watch Company, Ltd.	20,000		21,109
Ricoh Leasing Company, Ltd.	5,300		92,145
Right On Company, Ltd.	2,900		36,789
Riken Corp.	25,000		77,674
Riken Keiki Company, Ltd.	4,000		20,761
Riken Technos Corp.	9,000		19,731
Riken Vitamin Company, Ltd.	2,000		58,014
Ringer Hut Company, Ltd.	4,700		45,972
Risa Partners, Inc. *	48		39,199
Rock Field Company, Ltd.	1,800		22,698
Rohto Pharmaceutical Company, Ltd.	22,000		248,736
Roland Corp.	5,800		74,871

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Round One Corp.	102	$	81,751
Royal Holdings Company, Ltd.	7,700		68,505
Ryobi, Ltd.	34,000		91,993
Ryoden Trading Company, Ltd.	12,000		63,761
Ryosan Company, Ltd.	10,500		217,381
Ryoshoku, Ltd.	4,100		66,882
Ryoyo Electro Corp.	7,100		60,416
S Foods, Inc.	4,000		27,919
S Science Company, Ltd.	102,000		6,805
Sagami Chain Company, Ltd.	4,000		34,105
Sagami Railway Company, Ltd.	22,000		82,814
Saibu Gas Company, Ltd.	84,000		187,568
Saizeriya Company, Ltd.	8,500		92,845
Sakai Chemical Industry Company, Ltd.	32,000		86,629
Sakai Heavy Industries, Ltd.	17,000		27,408
Sakai Ovex Company, Ltd. *	16,000		16,366
Sakata INX Corp.	11,000		30,216
Sakata Seed Corp.	9,000		132,766
Sala Corp.	8,000		36,269
San-Ai Oil Company, Ltd.	19,000		60,894
Sanden Corp.	42,000		142,016
Sanei-International Company, Ltd.	2,700		29,722
Sanix, Inc. *	12,200		34,457
Sankei Building Company, Ltd.	8,000		35,594
Sanken Electric Company, Ltd.	27,000		113,970
Sanki Engineering Company, Ltd.	17,000		117,828
Sankyo Seiko Company, Ltd.	7,000		11,876
Sankyo-Tateyama Holdings, Inc.	70,000		74,052
Sanoh Industrial Company, Ltd.	8,100		38,210
Sanrio Company, Ltd.	12,100		133,961
Sanshin Electronics Company, Ltd.	8,900		60,746
Sanwa Shutter Corp.	59,000		222,841
Sanyo Chemical Industries, Ltd.	19,000		92,199
Sanyo Denki Company, Ltd.	16,000		45,359
Sanyo Shokai, Ltd.	31,000		161,542
Sanyo Special Steel Company, Ltd.	29,000		151,272
Sasebo Heavy Industries Company, Ltd.	31,000		61,120
Sato Corp.	9,100		120,378
Sato Shoji Corp.	4,000		27,756
Satori Electric Company, Ltd.	2,000		9,657
Secom Joshinetsu Company, Ltd.	900		18,943
Secom Techno Service Company, Ltd.	2,500		63,894
Seibu Electric Industry Company, Ltd.	8,000		35,128
Seika Corp.	16,000		27,931
Seikagaku Corp.	8,300		80,548
Seiko Corp.	19,000		62,583
Seino Transportation Company, Ltd.	42,000		198,092
Seiren Company, Ltd.	12,800		63,042
Sekisui Jushi Corp.	10,000		63,497
Sekisui Plastics Company, Ltd.	26,000		66,030
Senko Company, Ltd.	25,000		88,510
Senshu Electric Company, Ltd.	1,500		19,552
Senshukai Company, Ltd.	10,100		66,475
Shibaura Mechatronics Corp.	11,000		41,957
Shibusawa Warehouse Company, Ltd.	14,000		78,301
Shibuya Kogyo Company, Ltd.	3,400		26,101

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

227

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (conti nued)
Shikibo, Ltd.	20,000	$	22,286
Shikoku Bank, Ltd.	51,000		162,305
Shikoku Chemicals Corp.	15,000		54,901
Shikoku Coca-Cola Bottling Company, Ltd.	4,700		44,467
Shima Seiki Manufacturing, Ltd.	6,000		117,953
Shimachu Company, Ltd.	12,200		274,936
Shimizu Bank, Ltd.	2,900		114,426
Shin Nippon Air Technologies Company, Ltd.	4,700		36,107
Shinagawa Refractories Company, Ltd.	8,000		15,244
Shindengen Electric Manufacturing
Company, Ltd.	21,000		44,730
Shin-Etsu Polymer Company, Ltd.	16,200		79,792
Shinkawa, Ltd.	3,900		45,393
Shin-Keisei Electric Railway Company, Ltd.	10,000		32,540
Shinki Company, Ltd. *	30,600		26,042
Shinko Electric Company, Ltd. (a)	25,000		77,628
Shinko Plantech Company, Ltd.	9,300		75,646
Shinko Shoji Company, Ltd.	6,500		45,588
Shinko Wire Company, Ltd.	11,000		22,214
Shin-Kobe Electric Machinery Company, Ltd.	10,000		52,814
Shinmaywa Industries, Ltd.	31,000		92,035
Shinnihon Corp.	11,000		9,879
Shinsho Corp.	13,000		29,336
Shinwa Kaiun Kaisha, Ltd.	16,000		65,055
Shiroki Corp.	27,000		72,492
Shizuki Electric Company, Inc.	9,000		25,045
Shizuoka Gas Company, Ltd.	15,000		54,790
SHO-BOND Holdings Company, Ltd.	4,200		66,498
Shobunsha Publications, Inc.	2,400		10,801
Shochiku Company, Ltd. (a)	21,000		113,848
Shoko Company, Ltd.	19,000		20,911
Showa Aircraft Industry Company, Ltd.	3,000		15,979
Showa Corp.	13,800		84,333
Showa Sangyo Company, Ltd.	20,000		49,350
Siix Corp.	4,000		15,215
Silver Seiko, Ltd. *	100,000		15,449
Sinanen Company, Ltd.	20,000		76,031
Sintokogio, Ltd.	12,200		76,560
SKY Perfect JSAT Corp.	412		157,957
SMK Corp.	21,000		68,702
Snow Brand Milk Products Company, Ltd. (a)	48,000		154,183
SNT Corp.	7,000		34,182
Sodick Company, Ltd.	18,000		58,493
Soft99 Corp.	4,800		22,731
Sogo Medical Company, Ltd.	1,400		31,559
Sohgo Security Services Company, Ltd.	16,200		171,406
Sorun Corp.	4,600		20,794
Space Company, Ltd.	4,700		29,243
SRA Holdings, Inc.	2,700		26,227
SSP Company, Ltd.	29,000		141,904
ST Chemical Company, Ltd.	4,900		55,475
St. Marc Holdings Company, Ltd.	2,100		65,402
Star Micronics Company, Ltd.	9,700		101,842
Starzen Company, Ltd.	14,000		30,930
Stella Chemifa Corp.	2,800		44,371
Sugi Pharmacy Company, Ltd.	7,700		218,572

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Sugimoto & Company, Ltd.	2,500	$	25,576
Sumida Corp.	5,100		43,504
Suminoe Textile Company, Ltd.	10,000		13,826
Sumisho Computer Systems Corp.	6,400		98,441
Sumitomo Bakelite Company, Ltd.	41,000		175,342
Sumitomo Coal Mining Company, Ltd. *	71,500		34,486
Sumitomo Densetsu Company, Ltd.	12,700		61,141
Sumitomo Forestry Company, Ltd.	42,700		249,169
Sumitomo Light Metal Industries, Ltd.	99,000		96,441
Sumitomo Mitsui Company, Ltd. *	102,100		64,343
Sumitomo Osaka Cement Company, Ltd.	102,000		166,272
Sumitomo Pipe & Tube Company, Ltd.	6,000		39,451
Sumitomo Precision Products Company, Ltd.	7,000		24,907
Sumitomo Real Estate Sales Company, Ltd.	2,270		63,455
Sumitomo Seika Chemicals Company, Ltd.	13,000		39,413
Sumitomo Warehouse Company, Ltd.	53,048		214,120
Sun Wave Corp.	10,000		12,215
Sunx, Ltd.	5,300		21,396
SWCC Showa Holdings Company, Ltd.	70,000		78,615
SxL Corp. *	26,000		14,087
SystemPro Company, Ltd. *	65		31,616
T. Hasegawa Company, Ltd.	6,100		98,042
T. Rad Company, Ltd.	17,000		79,117
Tachibana Eletech Company, Ltd.	4,000		28,962
Tachi-S Company, Ltd.	5,300		46,552
Tadano, Ltd.	20,000		125,247
Taihei Dengyo Kaisha, Ltd.	11,000		77,945
Taihei Kogyo Company, Ltd.	12,000		31,329
Taiheiyo Kaiun Company, Ltd. * (a)	18,000		19,603
Taiho Kogyo Company, Ltd.	6,500		56,651
Taikisha, Ltd.	8,400		110,142
Taisei Lamick Company, Ltd.	700		15,470
Taisei Rotec Corp.	18,000		29,179
Taiyo Yuden Company, Ltd.	31,000		306,213
Takagi Securities Company, Ltd.	10,000		18,966
Takamatsu Corp.	4,800		75,080
Takano Company, Ltd.	1,800		11,452
Takaoka Electric Manufacturing Company, Ltd.	17,000		23,782
Takara Holdings, Inc.	35,000		246,782
Takara Printing Company, Ltd.	5,000		43,394
Takara Standard Company, Ltd.	34,000		162,958
Takasago International Corp.	20,000		96,401
Takasago Thermal Engineering Company, Ltd.	19,000		172,298
Takiron Company, Ltd.	10,000		28,017
Takisawa Machine Tool Company, Ltd.	24,000		25,364
Takuma Company, Ltd.	15,000		38,028
Tamura Corp.	20,000		47,779
Tamura Taiko Holdings, Inc.	8,000		9,240
Tasaki Shinju Company, Ltd.	7,000		8,660
Tatsuta Electric Wire & Cable Company, Ltd.	14,000		34,318
Tayca Corp.	10,000		26,925
TBK Company, Ltd.	9,000		22,605
TCM Corp.	19,000		31,737
Teac Corp. *	67,000		37,942
Techno Ryowa, Ltd.	3,100		16,795
Tecmo, Ltd.	4,900		38,522

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

228

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Teikoku Electric Manufacturing Company, Ltd. (a)	2,300	$	35,490
Teikoku Piston Ring Company, Ltd.	5,200		26,927
Teikoku Tsushin Kogyo Company, Ltd.	7,000		18,437
Tekken Corp. *	20,000		21,507
Telepark Corp.	44		45,779
Tenma Corp.	6,700		90,111
The Fuji Fire and Marine Insurance Company,
Ltd.	41,000		94,907
The Hokkoku Bank, Ltd.	92,000		347,427
The Hyakugo Bank, Ltd.	18,718		106,094
The Nanto Bank, Ltd.	30,000		158,826
The Pack Corp.	4,300		52,750
The San-in Godo Bank, Ltd.	26,000		201,412
Tigers Polymer Corp.	1,000		3,799
TKC Corp.	3,700		58,353
TOA Corp. *	49,000		54,277
TOA Oil Company, Ltd.	23,000		25,751
TOA Road Corp.	8,000		10,776
Toagosei Company, Ltd.	57,000		145,280
Tobishima Corp. *	38,500		6,956
Tobu Store Company, Ltd.	14,000		48,124
TOC Company, Ltd.	27,000		102,074
Tocalo Company, Ltd.	4,300		50,139
Tochigi Bank, Ltd.	29,000		154,557
Toda Corp.	65,000		258,702
Toda Kogyo Corp.	10,000		28,828
Todentsu Corp.	13,000		24,156
Toei Company, Ltd.	11,000		52,813
Toenec Corp.	11,000		55,878
Tohcello Company, Ltd.	12,500		54,679
Toho Bank, Ltd.	50,000		194,570
Toho Company, Ltd.	10,000		29,235
Toho Real Estate Company, Ltd.	12,400		61,302
Toho Titanium Company, Ltd. (a)	9,300		143,904
Toho Zinc Company, Ltd.	28,000		76,447
Tohoku Bank, Ltd.	15,000		21,485
Tokai Corp.	12,000		61,207
Tokai Kanko Company, Ltd. *	70,000		25,451
Tokai Rubber Industries, Ltd.	9,400		98,043
Tokai Tokyo Securities Company, Ltd.	67,000		230,395
Tokimec, Inc.	14,000		24,642
Toko Electric Corp.	10,000		22,505
Toko, Inc. *	15,000		17,061
Tokushima Bank, Ltd.	22,000		81,131
Tokushu Tokai Holdings Company, Ltd.	39,110		71,870
Tokyo Dome Corp. *	46,000		240,681
Tokyo Electron Device, Ltd.	17		25,521
Tokyo Energy & Systems, Inc.	5,000		25,548
Tokyo Kikai Seisakusho, Ltd. (a)	10,000		20,028
Tokyo Leasing Company, Ltd.	8,500		65,587
Tokyo Ohka Kogyo Company, Ltd.	14,400		228,229
Tokyo Rakutenchi Company, Ltd.	8,000		29,082
Tokyo Rope Manufacturing Company, Ltd.	41,000		85,330
Tokyo Sangyo Company, Ltd.	7,000		19,237
Tokyo Seimitsu Company, Ltd. (a)	11,600		141,239
Tokyo Style Company, Ltd.	19,000		160,572

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Tokyo Tekko Company, Ltd.	15,000	$	36,163
Tokyo Theatres Company, Inc.	11,000		20,963
Tokyo Tomin Bank (The), Ltd.	11,200		184,297
Tokyotokeiba Company, Ltd.	33,000		50,652
Tokyu Community Corp.	3,100		50,949
Tokyu Construction Company, Ltd.	22,560		68,557
Tokyu Livable, Inc.	4,400		22,631
Tokyu Recreation Company, Ltd.	6,000		30,471
Toli Corp.	10,000		16,211
Tomato Bank, Ltd.	27,000		50,028
Tomen Electronics Corp.	3,600		39,205
Tomoe Corp.	8,000		11,612
Tomoku Company, Ltd.	16,000		27,636
Tomy Company, Ltd.	15,000		101,541
Tonami Transportation Company, Ltd.	14,000		28,433
Topcon Corp.	16,000		105,541
Toppan Forms Company, Ltd.	11,400		114,637
Topre Corp.	10,400		71,115
Topy Industries, Ltd.	48,000		132,894
Tori Holdings Company, Ltd. * (a)	82,000		6,208
Torigoe Company, Ltd.	5,000		34,140
Torii Pharmaceutical Company, Ltd.	3,400		47,562
Torishima Pump Manufacturing Company, Ltd.	5,000		91,459
Toshiba Machine Company, Ltd.	33,000		115,443
Toshiba Plant Systems & Services Corp.	10,000		94,890
Tosho Printing Company, Ltd.	9,000		23,611
Totetsu Kogyo Company, Ltd.	7,000		41,119
Tottori Bank, Ltd.	19,000		49,541
Touei Housing Corp.	5,000		7,330
Towa Bank, Ltd. *	65,000		56,528
Towa Corp.	4,900		19,420
Towa Pharmaceutical Company, Ltd. (a)	2,900		104,946
Towa Real Estate Development Company, Ltd.	33,500		23,649
Toyo Construction Company, Ltd. *	30,000		11,990
Toyo Corp.	10,300		101,258
Toyo Electric Manufacturing Company, Ltd.	6,000		28,293
Toyo Engineering Corp.	31,000		131,848
Toyo Ink Manufacturing Company, Ltd.	53,000		156,526
Toyo Kanetsu KK	34,000		47,694
Toyo Kohan Company, Ltd.	12,000		49,724
Toyo Machinery & Metal Company, Ltd.	4,000		10,656
Toyo Securities Company, Ltd.	21,000		49,883
Toyo Sugar Refining Company, Ltd. *	27,000		26,613
Toyo Tire & Rubber Company, Ltd.	35,000		97,347
Toyo Wharf & Warehouse Company, Ltd.	16,000		27,942
Toyobo Company, Ltd.	173,936		293,730
Trans Cosmos, Inc.	10,300		82,182
Trusco Nakayama Corp.	5,400		71,698
Tsubakimoto Chain Company, Ltd.	33,000		131,822
Tsubakimoto Kogyo Company, Ltd.	11,000		27,527
Tsudakoma Corp.	18,000		30,513
Tsugami Corp.	19,000		47,808
Tsukishima Kikai Company, Ltd.	10,000		77,643
Tsurumi Manufacturing Company, Ltd.	4,000		25,441
Tsutsumi Jewelry Company, Ltd.	3,700		71,111
TTK Company, Ltd.	7,000		32,421

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

229

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
TYK Corp.	16,000	$	32,360
Ube Material Industries, Ltd.	12,000		22,891
Uchida Yoko Company, Ltd.	17,000		62,855
Unicharm Petcare Corp.	4,000		119,888
Uniden Corp.	19,000		73,968
Unimat Life Corp.	5,000		36,397
Union Tool Company, Ltd.	3,900		91,948
Unitika, Ltd.	112,000		96,571
U-Shin, Ltd.	9,300		64,431
Utoc Corp. *	7,300		21,643
Valor Company, Ltd.	9,700		75,085
Venture Link Company, Ltd. *	12,400		3,721
Victor Company of Japan, Ltd. *	63,000		84,789
Vital-Net, Inc.	9,900		62,684
Wakachiku Construction Company, Ltd. *	17,000		6,092
Warabeya Nichiyo Company, Ltd.	2,500		31,822
Watabe Wedding Corp.	2,000		18,963
Watami Company, Ltd.	5,900		94,862
Weathernews, Inc. *	3,200		44,109
Wood One Company, Ltd.	13,000		52,057
Xebio Company, Ltd.	6,200		120,470
Yahagi Construction Company, Ltd.	8,000		30,704
Yaizu Suisankagaku Industry Company, Ltd.	2,700		26,116
Yamagata Bank, Ltd.	40,000		224,967
Yamaichi Electronics Company, Ltd.	3,900		16,470
Yamanashi Chuo Bank, Ltd.	41,314		204,731
Yamatane Corp.	23,000		28,482
Yamazen Corp.	11,500		34,490
Yaoko Company, Ltd.	3,200		104,659
Yasuda Warehouse Company, Ltd.	4,000		31,673
Yellow Hat, Ltd.	3,600		12,410
Yodogawa Steel Works, Ltd.	39,000		174,768
Yokogawa Bridge Corp.	9,000		56,053
Yokohama Reito Company, Ltd.	11,000		74,944
Yokowo Company, Ltd.	4,600		27,644
Yomeishu Seizo Company, Ltd.	6,000		56,517
Yomiuri Land Company, Ltd.	17,000		51,639
Yondenko Corp.	7,000		34,585
Yonekyu Corp.	3,500		35,218
Yorozu Corp.	5,800		64,766
Yoshimoto Kogyo Company, Ltd.	8,000		76,934
Yoshinoya D&C Company, Ltd.	114		112,867
Yuasa Funashoku Company, Ltd.	10,000		19,703
Yuasa Trading Company, Ltd.	51,000		55,727
Yuken Kogyo Company, Ltd.	13,000		26,330
Yuki Gosei Kogyo Comapny, Ltd. *	11,000		43,394
Yukiguni Maitake Company, Ltd.	7,100		23,099
Yuraku Real Estate Company, Ltd.	16,000		19,500
Yurtec Corp.	15,000		62,157
Yushin Precision Equipment Company, Ltd.	2,000		32,646
Yushiro Chemical Industry Company, Ltd.	3,800		61,037
Zenrin Company, Ltd.	4,600		55,403
Zensho Company, Ltd. (a)	21,600		96,232
Zeria Pharmaceutical Company, Ltd.	10,000		97,124
Zuken, Inc.	4,400		30,329
			74,343,172

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Netherlands - 2.08%
Aalberts Industries NV	38,420	$	491,794
Accell Group NV	1,921		59,065
Amsterdam Commodities NV	5,256		29,037
Arcadis NV	16,026		279,828
ASM International NV *	14,586		265,369
BE Semiconductor Industries NV *	16,883		69,350
Beter Bed Holding NV	4,552		62,562
Brunel International NV	1,198		23,986
Crown Van Gelder	1,455		18,112
Crucell NV, ADR *	1,431		22,266
Crucell NV *	17,532		273,964
Draka Holding NV	4,174		85,893
Eriks Group NV	3,829		198,449
Exact Holdings NV	2,788		72,068
Fornix Biosciences NV	819		9,319
Gamma Holding NV	589		18,769
Grontmij NV	3,679		121,276
Heijmans NV	5,390		88,545
ICT Automatisering NV	1,785		18,405
Imtech NV	32,481		665,866
InnoConcepts NV	5,095		64,447
KAS Bank NV	3,004		64,016
Kendrion NV	2,503		56,641
Koninklijke BAM Groep NV	48,540		629,122
Koninklijke Ten Cate NV	7,704		254,858
Koninklijke Vopak NV	2,086		98,138
Laurus NV *	17,705		78,312
Macintosh Retail Group NV	2,604		40,369
Nederlandsche Apparatenfabriek NEDAP NV	494		15,150
Nutreco Holding NV	10,534		495,863
Oce NV	11,884		84,869
OPG Groep NV	8,372		115,652
Ordina NV	9,915		75,328
Pharming Group NV *	17,228		19,621
Qurius NV *	39,153		22,537
Samas NV *	10,388		26,031
Sligro Food Group NV	4,903		147,744
Smit Internationale NV	3,390		293,968
Telegraaf Media Groep NV	12,285		335,694
TKH Group NV	6,216		115,295
Unit 4 Agresso NV	5,283		94,661
USG People NV	18,550		255,671
Van der Moolen Holding NV *	12,066		55,835
Wavin NV	16,215		93,411
			6,407,156
New Zealand - 0.55%
Air New Zealand, Ltd.	69,057		44,578
Fisher & Paykel Appliances Holdings, Ltd.	77,714		84,461
Fisher & Paykel Healthcare Corp.	137,365		273,118
Freightways, Ltd.	33,365		72,401
Infratil, Ltd.	110,827		150,331
Mainfreight, Ltd.	23,528		101,206
New Zealand Oil & Gas, Ltd.	70,072		60,181
New Zealand Refining Company, Ltd.	12,307		53,684
Nuplex Industries, Ltd.	23,584		93,691
PGG Wrightson, Ltd.	49,959		53,588

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

230

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
New Zealand (continued)
Port of Tauranga, Ltd.	20,278	$	90,176
Pumpkin Patch, Ltd.	20,900		18,235
Ryman Healthcare, Ltd.	83,695		91,170
Sky City Entertainment Group, Ltd.	141,429		351,234
Steel & Tube Holdings, Ltd.	7,409		18,672
Tourism Holdings, Ltd.	27,130		22,028
Tower, Ltd.	15,151		17,889
Vector, Ltd.	75,691		106,903
			1,703,546
Norway - 1.55%
Acta Holding ASA	22,700		11,922
Aktiv Kapital ASA	5,200		56,192
Austevoll Seafood	24,375		75,482
Blom ASA *	5,400		27,761
Bonheur ASA	3,500		96,505
BW GAS, Ltd. *	12,800		96,518
BW Offshore, Ltd. *	42,000		59,624
Camillo Eitzen & Company ASA	6,300		50,727
Cermaq ASA	15,600		101,442
Copeinca ASA *	15,800		84,716
CorrOcean ASA *	42,000		23,344
Det Norske Oljeselskapb ASA *	230,128		214,593
DOF ASA	10,335		73,629
DOF Subsea ASA *	17,000		100,473
EDB Business Partner ASA	9,800		28,750
Eitzen Chemical ASA *	23,000		66,489
Ekornes ASA	9,400		127,258
Electromagnetic GeoServices AS *	4,600		9,975
Eltek ASA *	12,500		34,598
Ementor ASA *	20,357		87,810
Farstad Shipping ASA	2,375		48,113
Ganger Rolf ASA	5,200		125,405
Kongsberg Automotive ASA *	15,400		16,364
Kongsberg Gruppen ASA	2,820		147,516
Kverneland Gruppen A/S *	15,000		28,452
Leroy Seafood Group ASA	7,400		65,903
Nordic Semiconductor ASA *	7,500		23,372
Norse Energy Corp. ASA *	74,000		54,877
Norske Skogindustrier ASA * (a)	47,500		196,238
Norwegian Air Shuttle ASA *	3,567		18,987
Odfjell ASA	7,410		60,249
ODIM ASA *	6,800		91,562
Petrolia Drilling ASA *	161,000		40,304
PhotoCure ASA *	800		4,107
ProSafe ASA *	53,100		290,658
Q-Free ASA *	22,000		26,835
Revus Energy ASA *	9,700		107,200
Scana Industrier	27,500		51,178
Schibsted ASA	16,250		302,024
Sevan Marine ASA *	47,250		195,160
Solstad Offshore ASA	4,600		69,125
Songa Offshore ASA *	19,600		186,627
Sparebanken Midt-Norge	17,354		113,839
Tandberg ASA	25,340		345,274
TGS Nopec Geophysical Company ASA *	28,580		229,956
Tomra Systems ASA	41,712		217,731

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Norway (continued)
TTS Marine ASA	5,700	$	44,365
Veidekke ASA	27,000		144,798
Wilhelm Wilhelmsen ASA	5,100		102,924
			4,776,951
Portugal - 0.52%
Altri SGPS SA	15,809		50,206
Banco BPI SA	67,533		210,037
Finibanco Holding SGPS SA	6,105		30,051
Impresa, SGPS SA *	11,168		17,607
Investimentos Participacoes e Gestao SA *	27,991		23,580
Mota Engil, SGPS SA	28,436		124,340
Novabase SGPS SA *	4,292		30,035
Pararede SGPS SA *	19,019		25,061
Portucel - Empresa Produtora de Pasta e
Papel SA	80,847		212,981
PT Multimedia.com, SGPS, SA	52,363		387,212
SAG GEST-Solucoes Automovel Globais
SGPS SA	12,410		26,637
Semapa-Sociedade de Investimento &
Gestao, SGPS SA	20,788		205,479
Sonae Industria, SGPS SA	3,131		9,675
Sonae, SGPS, SA	109,613		84,297
Sonaecom, SGPS SA *	38,601		91,389
Teixeira Duarte-Engenharia & Construcoes SA	45,849		66,527
			1,595,114
Singapore - 1.29%
Allgreen Properties, Ltd.	211,000		93,946
Asia Food & Properties, Ltd. * (a)	123,000		25,089
ASL Marine Holdings, Ltd.	46,000		27,290
Beyonics Technology, Ltd. (a)	177,000		19,398
Bonvests Holdings, Ltd.	56,400		28,492
Bukit Sembawang Estates, Ltd.	15,000		65,105
Cerebos Pacific, Ltd.	16,000		35,868
CH Offshore, Ltd.	136,000		49,280
Chartered Semiconductor Manufacturing, Ltd. *	298,000		79,808
China Merchants Holdings Pacific, Ltd.	73,000		36,818
Chip Eng Seng Corp., Ltd.	116,000		18,413
Chuan Hup Holdings, Ltd.	182,000		37,103
Creative Technology, Ltd.	15,500		54,986
CSE Global, Ltd.	55,000		32,915
CWT, Ltd.	39,000		13,850
Delong Holdings, Ltd. (a)	45,500		80,178
Ezra Holdings, Ltd.	82,000		66,301
FJ Benjamin Holdings, Ltd.	144,000		30,086
Food Empire Holdings, Ltd.	43,200		13,830
Furama, Ltd.	10,000		7,341
Goodpack, Ltd. *	36,000		35,624
Guocoland, Ltd.	73,200		94,462
Hi-P International, Ltd.	126,000		33,756
Ho Bee Investment, Ltd.	81,000		34,837
Hong Fok Corp., Ltd. *	36,000		10,902
Hong Leong Asia, Ltd.	42,000		27,539
Hotel Plaza, Ltd.	31,500		29,844
Hotel Properties, Ltd. (a)	57,500		54,504
HTL International Holdings, Ltd. *	58,000		6,657
HupSteel, Ltd.	160,000		28,674

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

231

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Singapore (continued)
Hwa Hong Corp., Ltd.	92,000	$	31,720
Hyflux, Ltd. (a)	55,000		93,424
Innotek, Ltd. (a)	82,000		22,123
Jaya Holdings, Ltd.	96,000		69,277
Jurong Technologies Industrial Corp., Ltd.	194,350		28,800
K1 Ventures, Ltd. *	367,000		57,465
Keppel Telecommunications & Transportation
Company, Ltd.	57,000		66,282
Kim Eng Holdings, Ltd.	32,749		27,798
KS Energy Services Ltd	31,000		32,283
Low Keng Huat Singapore, Ltd.	122,000		14,859
Manhattan Resources, Ltd. *	61,000		24,605
MediaRing, Ltd. * (a)	150,000		8,036
Metro Holdings, Ltd.	74,000		25,848
MFS Technology, Ltd.	113,000		12,583
Midas Holdings, Ltd.	92,000		27,129
MobileOne, Ltd.	109,000		139,839
NatSteel, Ltd.	21,000		18,259
Orchard Parade Holdings, Ltd.	70,000		34,586
Osim International, Ltd. * (a)	43,000		4,636
Pan-United Corp., Ltd.	61,000		20,863
Parkway Holdings, Ltd.	214,533		284,182
Petra Foods, Ltd.	46,000		28,329
Raffles Education Corp., Ltd.	265,613		133,847
Rotary Engineering, Ltd.	59,000		18,287
SBS Transit, Ltd.	16,000		21,340
SC Global Developments, Ltd.	39,000		18,814
Singapore Food Industries, Ltd.	53,000		28,030
Singapore Land, Ltd.	37,000		124,812
Singapore Post, Ltd.	336,000		224,602
Sinomem Technology, Ltd. *	81,000		8,262
SMRT Corp., Ltd.	191,000		265,555
Sunningdale Tech, Ltd.	144,000		12,118
Tat Hong Holdings, Ltd.	55,000		41,757
Tuan Sing Holdings, Ltd. *	87,000		8,305
United Engineers, Ltd.	32,000		38,404
United Overseas Land, Ltd.	68,000		120,267
UOB-Kay Hian Holdings, Ltd.	94,000		82,626
Venture Corp., Ltd.	59,000		320,989
WBL Corp., Ltd.	27,000		58,252
Wheelock Properties (S), Ltd.	96,000		83,056
Wing Tai Holdings, Ltd.	151,000		100,431
Yongnam Holdings, Ltd. *	250,000		19,518
			3,975,094
South Korea - 0.00%
Pantech & Curitel Communications, Inc. *	882		0
Pantech Company, Ltd. *	443		0
Spain - 2.35%
Abengoa SA	11,244		228,217
Adolfo Dominguez SA	1,759		24,300
Amper SA	8,329		62,377
Antena 3 de Television SA	21,972		159,790
Avanzit SA *	17,987		29,170
Azkoyen SA *	3,800		24,572
Banco Guipuzcoano SA	35,215		332,521
Banco Pastor SA	49,815		429,160

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain (continued)
Baron de Ley SA *	1,053	$	67,812
Campofrio Alimentacion SA	5,787		64,303
Cementos Portland Valderrivas SA	3,498		168,477
Construcciones & Auxiliar de Ferrocarriles SA	615		217,145
Corporacion Dermoestetica SA *	6,951		35,080
Duro Felguera SA	9,544		65,664
Ebro Puleva SA	29,165		461,877
Elecnor SA *	5,328		94,314
FAES FARMA, S.A.	45,539		347,133
General de Alquiler de Maquinaria *	6,200		63,342
Gestevision Telecinco SA	2,556		26,123
Grupo Catalana Occidente SA	18,211		384,047
Grupo Empresarial Ence SA	29,260		217,154
Iberia Lineas Aereas de Espana SA	150,024		365,183
Iberpapel Gestion SA	1,014		17,130
La Seda de Barcelona SA	148,457		142,999
Mecalux SA *	2,884		58,871
Miquel y Costas SA	2,525		33,130
Natra SA	4,032		31,686
Natraceutical SA *	35,597		33,983
NH Hoteles SA	18,929		223,862
Obrascon Huarte Lain SA	12,044		215,302
Papeles & Cartones de Europa SA *	11,213		68,229
Pescanova SA	1,382		58,659
Prim SA	3,194		43,122
Promotora de Informaciones SA	29,250		197,513
Prosegur Cia de Seguridad SA	7,796		271,174
Service Point Solutions SA *	31,198		55,637
Sociedad Nacional Inds., Aplicaciones
Celulosa Espanola SA * (a)	23,210		46,003
Sol Melia SA	19,446		169,937
SOS Cuetara SA	20,535		347,681
Tavex Algodonera SA *	6,482		10,523
Tecnicas Reunidas SA	693		29,589
Tecnocom, Telecomunicaciones & Energia SA *	8,719		37,042
Tubacex SA	35,539		225,019
Tubos Reunidos SA	43,614		163,315
Unipapel SA	2,771		46,774
Urbas Proyectos Urbanisticos SA *	10,449		2,527
Vertice Trescientos Sesenta Grados *	1,797		2,432
Vidrala SA	4,392		106,157
Viscofan SA	15,206		249,858
Vocento SA	21,094		149,179
Zeltia SA *	52,333		329,925
			7,235,019
Sweden - 2.13%
AarhusKarlshamn AB	8,475		143,302
Acando AB, Series B	9,000		14,987
Active Biotech AB *	3,792		23,352
AddTech AB, Series B	5,200		85,995
Angpanneforeningen AB, Series B	4,000		89,225
Anoto Group AB *	31,000		18,585
Axfood AB	7,900		214,740
Axis Communications AB	10,500		118,337
BE Group AB	7,400		41,746
Beijer Alma AB	4,273		43,744

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

232

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Sweden (continued)
Bergman & Beving AB, Series B	6,300	$	108,208
Bilia AB, Series A	2,500		12,133
Billerud Aktibolag AB	13,700		97,716
BioGaia AB *	5,600		32,288
Biotage AB *	26,000		27,229
Biovitrum AB *	6,544		56,955
Brostrom AB	18,200		151,222
Cardo AB	7,000		162,664
Clas Ohlson AB, Series B	2,475		30,220
Cloetta Fazer AB	2,400		79,725
Concordia Maritime AB, Series B	2,200		5,616
D. Carnegie & Company AB	30,200		224,004
Elekta AB, Series B	23,800		406,331
Enea AB *	55,242		226,843
Eniro AB	15,700		55,428
Fagerhult AB	749		14,540
G & L Beijer AB	1,500		30,154
Gunnebo AB	8,726		44,435
Hakon Invest AB	15,164		187,982
Haldex AB	6,500		66,079
Hemtex AB	4,200		23,262
HIQ International AB	15,600		58,171
Hoganas AB, Series B	9,700		148,105
Holmen AB, Series B	17,900		582,440
Industrial & Financial Systems AB	7,500		52,088
Indutrade AB	5,380		89,747
Intrum Justitia AB	15,700		168,880
JM AB	20,738		169,501
KappAhl Holding AB *	11,842		62,247
Lagercrantz AB	8,000		30,974
Lindab International AB	18,675		227,777
Medivir AB *	5,800		43,576
Mekonomen AB	2,150		24,586
Micronic Laser Systems AB *	15,000		37,923
Munters AB	14,850		106,420
NCC AB	21,060		208,639
Net Insight AB *	90,000		48,941
New Wave Group AB, Series B	4,600		12,515
Nibe Industrier AB, Series B	16,600		115,900
Nobia AB	43,200		140,312
Nolato AB, Series B	8,000		58,132
OEM International AB, Series B	12,688		71,173
ORC Software AB	2,000		25,501
PA Resources AB *	33,503		172,433
PartnerTech AB *	1,600		7,302
Peab AB, Series B	23,400		124,480
Peab Industri AB	7,200		51,685
Proffice AB *	10,000		22,949
Q-Med AB	9,200		40,512
Rederi AB Transatlantic, Series B	9,600		50,302
Rezidor Hotel Group AB	24,400		71,461
RNB Retail & Brands AB	5,416		6,462
RNB Retail & Brands AB *	5,416		5,906
Semcon AB *	3,600		20,588
Sensys Traffic AB *	58,000		26,666
Sintercast AB *	600		9,117

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Sweden (continued)
Skanditek Industriforvaltning AB	16,840	$	45,475
SkiStar AB, Series B	6,100		64,274
Studsvik AB	1,000		16,461
Sweco AB, Series B	9,800		71,285
Teleca AB, Series B *	6,800		3,868
TradeDoubler AB	4,425		38,610
Trelleborg AB, Series B	27,400		381,997
			6,552,428
Switzerland - 4.86%
Advanced Digital Broadcast Holdings SA *	1,315		43,002
Affichage Holding AG	309		46,328
AFG Arbonia-Forster Holding AG	425		74,632
Allreal Holding AG	2,480		280,900
Aryzta AG *	1,404		56,824
Ascom Holding AG *	7,365		61,558
Bachem Holding AG	948		74,999
Bank Coop AG	2,577		175,681
Bank Sarasin & Compagnie AG, Series B	10,501		402,144
Banque Cantonale de Geneve	201		43,891
Banque Cantonale Vaudoise, Series B *	745		222,678
Banque Privee Edmond de Rothschild SA	3		91,497
Basilea Pharmaceutica AG *	1,837		272,105
Basler Kantonalbank	1,924		198,324
Belimo Holding AG	105		93,492
Bell Holding AG	33		50,287
Berner Kantonalbank *	981		200,392
Bobst Group AG	2,662		137,027
Bossard Holding AG	544		31,265
Bucher Industries AG	1,812		243,390
Burckhardt Compression Holding AG	572		111,547
Card Guard AG *	1,181		10,243
Centralschweizerische Kraftwerke AG	288		136,333
Charles Voegele Holding AG *	2,587		121,228
Ciba Holding AG	14,178		606,836
Cicor Technologies *	258		11,147
Clariant AG *	84,649		824,332
Conzzeta Holding AG	97		208,806
Cytos Biotechnology AG *	886		36,770
Daetwyler Holding AG *	2,121		117,634
Dufry Group	1,841		85,074
Elektrizitaets-Gesellschaft Laufenburg AG	76		84,505
Emmi AG	496		55,380
EMS-Chemie Holding AG	2,960		347,143
Energiedienst Holding AG *	3,293		174,631
Feintool International Holding AG	55		15,198
Flughafen Zuerich AG	1,336		430,837
Forbo Holding AG *	519		207,098
Galenica Holding AG	1,441		515,301
Georg Fischer AG *	1,197		430,492
Gurit Heberlein AG	364		301,986
Helvetia Patria Holding AG	1,659		415,878
Industrieholding Cham AG *	108		29,701
Interroll Holding AG *	136		42,553
Jelmoli Holding AG *	163		361,296
Kaba Holding AG, Series B	596		157,338
Kardex AG *	1,452		64,788

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

233

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Switzerland (continued)
Komax Holding AG	777	$	87,092
Kudelski SA	10,698		132,241
Kuoni Reisen Holding AG, Series B	1,959		756,790
LEM Holding SA	52		12,069
Luzerner Kantonalbank	1,292		288,715
Meyer Burger Technology AG *	581		128,605
Micronas Semiconductor Holding AG *	4,571		27,324
Mikron Holding AG *	3,163		25,913
Mobilezone Holding AG	10,362		69,129
Mobimo Holding AG *	1,098		171,417
Orell Fuessli Holding AG	214		35,643
Phoenix Mecano AG	228		84,943
Precious Woods Holding AG *	1,074		73,208
PubliGroupe SA	418		62,058
Quadrant AG *	638		61,725
Rieter Holding AG	1,117		339,909
Romande Energie Holding SA	145		328,867
Schaffner Holding AG *	40		8,222
Schulthess Group AG	1,003		50,626
Schweiter Technologies AG	188		72,192
Schweizerhall Holding AG	579		111,745
Schweizerische
National-Versicherungs-Gesellschaft AG *	191		116,708
Sia Abrasives Holding AG	131		45,228
Siegfried Holding AG	618		81,681
St. Galler Kantonalbank	884		365,524
Swissfirst AG	1,752		78,713
Swisslog Holding AG *	27,798		20,427
Swissmetal Holding AG *	648		9,914
Swissquote Group Holding SA *	1,240		36,815
Tamedia AG	451		44,932
Tecan Group AG *	2,488		125,120
Temenos Group AG *	17,212		328,119
Tornos SA *	2,482		17,364
Valiant Holding AG	4,156		735,447
Valora Holding AG	1,060		199,980
Vaudoise Assurances Holding SA	317		52,166
Verwaltungs & Privat Bank AG	3,265		526,724
Vontobel Holding AG	9,372		300,764
VZ Holding AG	1,421		77,865
WMH Walter Meier AG, Series A *	178		20,704
Ypsomed Holding AG *	852		60,827
Zehnder Group AG	69		66,310
Zuger Kantonalbank	8		25,651
			14,969,907
Taiwan - 0.00%
Ya Hsin Industrial Company, Ltd. *	138,000		0
United Kingdom - 16.10%
A.G. Barr PLC	1,500		27,468
Abacus Group PLC	13,889		4,731
Aberdeen Asset Management PLC	215,184		493,119
AbitibiBowater, Inc. *	1,865		7,308
AEA Technology PLC *	19,508		13,526
Aegis Group PLC	295,765		495,607
Aga Rangemaster Group PLC *	20,108		52,703
Aggreko PLC	47,192		464,192

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Air Partner PLC	661	$	8,075
Alexon Group PLC	6,881		3,548
Alizyme PLC *	22,479		5,895
Amlin PLC	150,400		860,602
Anglo Pacific Group PLC	39,045		99,195
Anglo-Eastern Plantations PLC	8,092		57,002
Anite Group PLC	66,831		38,735
Antisoma PLC *	82,864		29,477
Arena Leisure PLC	107,875		57,753
Aricom PLC *	254,459		115,687
Ark Therapeutics Group PLC *	10,755		11,024
Arm Holdings PLC, ADR	127,972		665,454
Arriva PLC	59,967		744,574
Ashtead Group PLC	166,839		200,826
Aveva Group PLC	17,406		358,902
Avis Europe PLC *	71,985		12,158
Axis-Shield PLC *	6,528		33,483
Axon Group PLC	11,511		140,860
Babcock International Group PLC	51,971		467,015
BBA Aviation PLC	117,889		242,563
Beazley Group PLC	113,221		241,548
Bellway PLC	36,551		356,194
Benfield Group, Ltd.	42,693		257,236
Berkeley Group Holdings PLC *	25,606		349,883
Bespak PLC	3,566		33,791
Biocompatibles International PLC *	10,935		27,314
Blacks Leisure Group PLC	8,616		14,449
Bloomsbury Publishing PLC	13,378		35,888
BlueBay Asset Management	7,734		33,691
Bodycote International PLC	123,466		351,528
Bovis Homes Group PLC	38,337		261,260
BPP Holdings PLC	7,447		60,417
Braemar Seascope Group PLC	5,361		32,882
Brammer PLC	8,722		30,516
Brewin Dolphin Holdings PLC	48,637		109,445
Brit Insurance Holdings PLC	96,695		316,175
British Polythene Industries PLC	4,443		17,061
Britvic PLC	50,031		182,161
BSS Group PLC	37,753		156,520
BTG PLC *	36,919		92,445
Business Post Group PLC	2,978		16,451
Capital & Regional PLC	19,662		60,258
Care UK PLC	14,047		87,611
Carillion PLC	105,180		491,414
Carpetright PLC	10,746		116,240
Castings PLC	6,705		27,917
Catlin Group, Ltd.	81,228		509,153
Centaur Media PLC	36,430		33,517
Ceramic Fuel Cells PLC *	40,600		10,466
Charles Taylor Consulting PLC	6,425		24,678
Charter PLC	11,570		128,967
Chemring Group PLC	10,411		384,484
Chesnara PLC	23,850		49,830
Chime Communications PLC	12,187		18,417
Chloride Group PLC	45,330		156,914
Chrysalis Group PLC *	8,648		17,297

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

234

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Clarkson PLC	2,479	$	33,786
Clinton Cards PLC	33,476		20,979
Close Brothers Group PLC	49,279		496,955
Collins Stewart PLC	64,291		75,031
Colt Telecom Group PLC *	86,733		156,859
Communisis PLC	31,511		26,670
Computacenter PLC	33,966		59,826
Connaught PLC	29,606		199,438
Cookson Group PLC	27,938		235,220
Corin Group PLC	4,523		9,674
Costain Group PLC	151,942		62,090
Cranswick PLC	13,861		160,380
Creston PLC	10,587		9,374
Croda International PLC	33,925		369,812
CSR PLC *	38,560		181,454
D.S. Smith PLC	71,346		138,362
Dairy Crest Group PLC	37,175		266,852
Dana Petroleum PLC *	12,741		271,570
Davis Service Group PLC	47,361		228,701
Dawson Holdings PLC	18,986		17,674
De La Rue PLC	37,325		606,062
Debenhams PLC	234,142		206,244
Dechra Pharmaceuticals PLC	11,934		86,724
Delta PLC	17,178		32,736
Development Securities PLC	8,899		61,758
Devro PLC	35,231		48,856
Dicom Group PLC	5,781		19,208
Dignity PLC	17,523		218,642
Dimension Data Holdings PLC	464,122		345,673
Diploma PLC	25,779		70,368
Dixons Group PLC	536,617		467,100
Domino Printing Sciences PLC	25,543		94,455
DTZ Holdings PLC	17,490		39,870
Dunelm Group PLC	12,762		31,164
E2V Technologies PLC	17,360		74,227
Electrocomponents PLC	122,867		363,617
Elementis PLC	118,235		139,732
Emerald Energy PLC *	12,772		88,383
Ennstone PLC	84,550		13,615
Enodis PLC	37,756		212,576
Entertainment Rights PLC *	100,576		4,882
Euromoney Institutional Investor PLC	11,128		64,735
Evolution Group PLC	47,411		80,924
F&C Asset Management PLC	60,938		82,437
Fenner PLC	48,284		152,640
Filtrona PLC	63,694		185,545
Findel PLC	12,673		23,163
Forth Ports PLC	10,459		266,713
Fortune Oil PLC *	359,509		56,885
French Connection Group PLC	8,047		10,152
Fuller Smith & Turner PLC	9,317		63,579
Galiform PLC	201,168		93,811
Galliford Try PLC	45,150		36,484
Game Group PLC	87,537		322,292
Genus PLC	17,877		240,446
Go-Ahead Group PLC	10,089		299,802

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Goldshield Group PLC	5,053	$	20,213
Grafton Group PLC *	64,391		296,113
Greene King PLC	26,500		217,890
Greggs PLC	1,886		106,486
Halfords Group PLC	59,286		275,599
Halma PLC	114,455		404,121
Hampson Industries PLC	31,612		73,178
Hansard Global PLC	6,816		15,258
Hardy Oil & Gas PLC *	17,497		119,615
Hardy Underwriting Bermuda, Ltd.	10,427		47,390
Hays PLC	145,629		210,871
Headlam Group PLC	24,938		97,556
Helical Bar PLC	25,872		140,772
Helphire PLC	31,687		79,533
Helphire PLC *	9,320		463,933
Henderson Group PLC	182,602		360,299
Henry Boot PLC	26,180		37,701
Highway Insurance Holdings PLC	28,215		35,402
Hikma Pharmaceuticals PLC	33,636		241,971
Hill & Smith Holdings PLC	11,574		53,282
Hiscox PLC	124,527		547,472
HMV Group PLC	126,205		289,005
Hochschild Mining PLC	30,813		139,898
Holidaybreak PLC	10,457		60,053
Homeserve PLC	33,099		879,047
Hunting PLC	25,324		278,663
Huntsworth PLC	20,523		16,054
Hyder Consulting PLC	4,872		26,668
IG Group Holdings PLC	86,631		492,385
Imagination Technologies Group PLC *	25,207		31,621
IMI PLC	51,784		349,400
Imperial Energy Corp. PLC *	27,560		504,223
Informa PLC	83,299		469,776
Inmarsat PLC	30,146		263,551
Innovation Group PLC	55,629		5,141
Intec Telecom Systems PLC *	38,573		30,860
Intermediate Capital Group PLC	26,294		576,254
International Personal Finance PLC	73,244		328,032
Interserve PLC	39,455		213,241
Intertek Group PLC	21,026		315,165
IP Group PLC *	9,711		15,843
ITE Group PLC	47,710		103,470
J.D. Wetherspoon PLC	21,465		90,245
James Fisher & Sons PLC	9,920		89,451
Jardine Lloyd Thompson Group PLC	44,889		358,171
JJB Sports PLC	57,427		45,792
JKX Oil & Gas PLC	20,877		104,254
John Menzies PLC	5,446		25,900
Johnston Press PLC	60,514		34,735
Keller Group PLC	21,691		259,370
Kesa Electricals PLC	159,417		318,229
Kier Group PLC	9,987		140,394
Kingston Communications PLC	103,770		39,285
Laird Group PLC	51,846		229,931
Laura Ashley Holdings PLC	103,488		30,358
Lavendon Group PLC	4,966		21,244

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

235

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Liontrust Asset Management PLC	5,181	$	17,326
Logica PLC	65,221		127,606
Lookers PLC	28,870		23,867
Low & Bonar PLC	25,560		42,030
LSL Property Services PLC	8,683		11,269
Luminar Group Holdings PLC	10,211		34,001
M.J. Gleeson Group PLC	10,775		22,933
Manganese Bronze Holdings PLC	1,725		8,845
Marshalls PLC	40,436		112,196
Marston's PLC	54,212		153,166
McBride PLC	25,556		45,765
Meggitt PLC	23,350		78,570
Melrose PLC *	10,226		26,437
Melrose Resources PLC	11,314		70,763
Metalrax Group PLC	22,036		4,769
Michael Page International PLC	80,676		335,510
Micro Focus International PLC	31,600		161,182
Millennium & Copthorne Hotels PLC	58,069		254,987
Minerva PLC *	39,487		24,833
Misys PLC	130,460		287,629
Mitie Group PLC	84,151		312,298
Morgan Crucible Company PLC	80,489		227,508
Morgan Sindall PLC	9,946		79,351
Morse PLC	22,309		17,365
Mothercare PLC	28,064		173,421
Mouchel Parkman PLC	34,431		190,219
MWB Group Holdings PLC *	22,899		28,905
N. Brown Group PLC	48,216		191,498
National Express Group PLC	37,359		540,222
NCC Group, Ltd.	5,184		34,954
Northern Foods PLC	143,694		165,175
Northgate PLC	22,113		81,382
Northumbrian Water Group PLC	47,126		241,819
Novae Group PLC	20,287		109,094
Optos PLC *	3,748		6,652
Oxford Biomedica PLC *	63,470		8,655
Oxford Instruments PLC	15,262		62,883
Pace Micro Technology PLC *	26,813		39,972
Paypoint PLC	13,297		126,344
Pendragon PLC	167,620		26,663
Phoenix IT Group, Ltd.	443		1,377
Photo-Me International PLC	24,627		5,801
Pinewood Shepperton PLC	8,060		23,464
Premier Farnell PLC	96,858		284,574
Premier Foods PLC	20,682		27,768
Premier Oil PLC *	21,398		373,341
Prostrakan Group PLC *	4,855		7,965
Protherics PLC *	51,506		34,039
Provident Financial PLC	35,830		555,907
Psion PLC	28,332		34,209
Punch Taverns PLC	55,675		136,165
PZ Cussons PLC	73,210		233,331
Qinetiq PLC	147,723		549,512
Quintain Estates & Development PLC	37,319		135,305
Rank Group PLC *	113,522		144,504
Rathbone Brothers PLC	12,868		221,449

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United Kingdom (continued)
Raymarine PLC	13,300	$	26,081
REA Holdings PLC	4,098		26,901
Redrow PLC	53,463		156,022
Regus Group PLC	176,382		201,524
Renishaw PLC	11,125		149,959
Rensburg Sheppards PLC	5,301		47,913
Restaurant Group PLC	56,863		127,210
Ricardo PlC	6,139		35,520
Rightmove PLC	14,633		66,210
RM PLC	12,834		38,615
Robert Walters PLC	17,462		33,878
Robert Wiseman Dairies PLC	11,914		69,210
ROK PLC	42,866		58,469
Rotork PLC	22,047		368,349
Royalblue Group PLC	4,551		57,992
RPC Group PLC	19,953		42,504
RPS Group PLC	57,166		250,826
Salamander Energy PLC *	28,511		89,415
Savills PLC	34,337		161,227
Scott Wilson Group PLC	1,247		3,872
SDL PLC *	18,700		113,701
Senior PLC	107,160		163,292
Severfield Rowen PLC	7,716		30,673
Shanks Group PLC	68,130		233,179
Shore Capital Group PLC	22,807		9,330
SIG PLC	41,344		287,337
Skyepharma PLC *	1,272		3,329
SMG PLC *	183,030		31,257
Smiths News PLC	32,271		41,423
Soco International PLC *	10,043		267,550
Southern Cross Healthcare, Ltd.	49,230		91,333
Spectris PLC	35,112		419,905
Speedy Hire PLC	16,392		120,759
Spirax-Sarco Engineering PLC	19,991		325,295
Spirent Communications PLC, ADR	992		4,662
Spirent Communications PLC	159,964		194,883
Sportech PLC *	11,390		16,149
Sports Direct International	68,958		67,488
Spring Group PLC	29,401		20,528
SSL International PLC	50,020		403,312
St James's Place PLC	57,544		223,947
St. Ives Group PLC	27,252		47,602
St. Modwen Properties PLC	34,783		182,315
Stagecoach Group PLC	55,407		251,797
Sthree PLC	31,508		100,881
Taylor Nelson Sofres PLC	110,948		484,109
Taylor Woodrow PLC	319,578		207,044
TDG PLC	7,411		32,807
Ted Baker PLC	2,232		14,004
Telecom Plus PLC	8,881		52,732
Thorntons PLC	11,977		24,644
Tomkins PLC, SADR	19,429		215,079
Topps Tiles PLC	36,666		38,020
Town Centre Securities PLC	2,701		7,011
Travis Perkins PLC	34,597		331,494
Tribal Group PLC	7,453		17,020

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

236

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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)
Trinity Mirror PLC	82,822	$	125,864
TT electronics PLC	25,513		40,264
Tullett Prebon PLC	47,031		231,570
UK Coal PLC *	34,721		213,311
Ultra Electronics Holdings PLC	17,386		394,086
Umeco PLC	9,896		66,902
Uniq PLC	31,402		47,715
United Business Media, Ltd.	36,301		319,769
UTV Media PLC	14,284		32,100
Vectura Group PLC *	70,911		59,088
Venture Production PLC	34,537		378,341
Vernalis PLC *	40,104		2,424
Victrex PLC	20,052		256,906
Vitec Group PLC	6,764		42,076
VP PLC	637		1,972
VT Group PLC	48,724		456,645
W.S. Atkins PLC	27,965		364,406
Weir Group PLC	35,685		391,828
WH Smith PLC	46,985		319,933
White Young Green PLC	6,872		25,210
William Hill PLC	92,152		388,583
Wilmington Group PLC	8,076		25,757
Wincanton PLC	36,192		121,449
Wolfson Microelectronics PLC *	25,331		49,200
Woolworths Group PLC	185,655		13,197
WSP Group PLC	17,756		105,601
Xaar PLC	17,576		25,664
Xchanging PLC	73,161		327,148
Yell Group PLC	163,299		225,973
Yule Catto & Company PLC	50,811		115,883
			49,585,299
United States - 0.57%
Almaden Minerals Ltd *	500		550
Arawak Energy, Ltd. *	13,900		15,673
Aurora Oil and Gas, Ltd. *	34,600		8,613
Berens Energy, Ltd. *	15,800		12,174
Canadian Gold Hunter Corp. *	4,900		4,144
Candente Resource Corp. *	18,800		9,716
Cardero Resource Corp. *	7,100		10,541
Cinch Energy Corp. *	11,200		13,997
City Telecom HK, Ltd.	1,717		5,408
Diagnocure, Inc. *	9,800		16,391
Eastmain Resources, Inc. *	22,100		24,919
Easyhome, Ltd.	2,400		31,571
EGI Financial Holdings, Inc.	2,300		21,287
Fairborne Energy, Ltd. *	19,300		169,561
Far West Mining, Ltd. *	11,112		25,581
Fortune Minerals, Ltd. *	2,450		2,348
GBS Gold International, Inc. *	13,800		194
Glacier Media, Inc. *	19,700		57,383
Glentel, Inc.	3,700		31,290
Globestar Mining Corp. *	21,900		15,228
Great Panther Resources, Ltd. *	25,100		15,566
Hemisphere GPS, Inc. *	9,600		25,347
Hillsborough Resources, Ltd. *	24,400		11,005
Inter-Citic Minerals, Inc. *	15,500		7,282

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United States (continued)
Intrinsyc Software International, Inc. *	15,491	$	3,129
Isotechnika, Inc. *	33,700		6,333
James Hardie Industries NV	2,488		51,925
Magellan Aerospace Corp. *	580		1,689
Marsulex, Inc.	2,100		22,199
Matrikon, Inc.	2,800		9,603
Minco Silver Corp. *	9,800		8,748
Open Range Energy Corp. *	3,700		10,395
Parkbridge Lifestyles Communities, Inc. *	7,330		35,057
PDX Resources Inc *	8,400		19,338
Pelangio Exploration Inc *	8,400		868
Profound Energy, Inc. *	7,300		18,794
Prometic Life Sciences, Inc. *	33,411		6,122
Pure Energy Services, Ltd. *	3,900		14,988
Queenston Mining, Inc. *	7,200		11,163
Questerre Energy Corp. *	47,700		96,812
Signet Jewelers, Ltd. *	25,766		602,415
St Andrew Goldfields Ltd *	4,000		1,203
Technicoil Corp. *	14,800		8,066
Tesco Corp. *	8,000		167,520
TUSK Energy Corp. *	23,605		35,710
Virginia Mines Inc *	7,300		25,722
Webtech Wireless, Inc. *	8,700		20,028
Westport Innovations, Inc. *	4,057		37,081
			1,750,677
TOTAL COMMON STOCKS (Cost $425,960,180)		$	305,167,760
PREFERRED STOCKS - 0.01%
Australia - 0.01%
Village Roadshow, Ltd. (i)	14,479		13,889
United Kingdom - 0.00%
REA Holdings PLC *	164		309
TOTAL PREFERRED STOCKS (Cost $35,347)		$	14,198
WARRANTS - 0.00%
Australia - 0.00%
Beach Petroleum, Ltd.
(Expiration Date 06/30/2010, Strike
Price AUD 2.00) *	1		0
Buru Energy, Ltd. *	10,523		49
			49
Canada - 0.00%
Tembec, Inc.
(Expiration Date 02/29/2012, Strike
Price CAD 1.65) *	2,543		239
Hong Kong - 0.00%
Asia Standard International Group
(Expiration Date 12/31/2008) *	403,200		0
Golden Resorts Group, Ltd.
(Expiration Date 06/09/2010, Strike
Price HKD 0.35) *	166,000		214
ITC Properties Group Ltd *	736,000		309
Kantone Holdings, Ltd.
(Expiration Date 01/08/2009, Strike
Price HKD 0.81) *	101,587		131

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

237

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
WARRANTS (continued)
Hong Kong (continued)
Matsunichi Communication Holdings, Ltd.
(Expiration Date 08/22/2010, Strike
Price HKD 6.00) *	4,500	$	374
PYI Corp., Ltd. *	52,679		14
			1,042
Singapore - 0.00%
Manhattan Resources, Ltd.
(Expiration Date 04/09/2011, Strike
Price SGD 0.70) *	18,300		0
Switzerland - 0.00%
Precious Woods Holding AG
(Expiration Date 10/31/2008, Strike
Price CHF 82.00) *	470		17
TOTAL WARRANTS (Cost $5,843)		$	1,347
RIGHTS - 0.00%
Australia - 0.00%
Gunns, Ltd. *	89,907		0
France - 0.00%
LVL Medical Groupe SA (Expiration Date
06/02/2008, Strike Price EUR 1.00) *	1,337		19
Stef-TFE Group (Expiration Date 07/09/2008,
Strike Price EUR 221.00) *	1,368		19
			38
Spain - 0.00%
Tecnocom Telecomunicaciones & Energia, *	8,719		3,437
United Kingdom - 0.00%
Skyepharma PLC *	2,188		0
TOTAL RIGHTS (Cost $3,652)		$	3,475
CORPORATE BONDS - 0.00%
Denmark - 0.00%
Nordea Kredit Realkreditaktieselskab, Series ANN
4.00% due 01/01/2038	3,794		9,240
TOTAL CORPORATE BONDS (Cost $13,392)		$	9,240

International Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 0.99%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	3,053,287	$	3,053,287
TOTAL SHORT TERM INVESTMENTS
(Cost $3,053,287)			$	3,053,287
Total Investments (International Small Company Trust)
(Cost $429,071,701) - 100.11%			$	308,249,307
Liabilities in Excess of Other Assets - (0.11)%				(324,680)
TOTAL NET ASSETS - 100.00%			$	307,924,627

The portfolio had the following five top industry concentrations

as of September 30, 2008 (as a percentage of total net assets):

Building Materials & Construction	5.59%
Banking	5.32%
Food & Beverages	4.64%
Chemicals	3.95%
Business Services	3.91%

International Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 97.68%
Austria - 0.96%
Telekom Austria AG	671,200	$	11,809,628
Belgium - 1.12%
Belgacom SA	366,810		13,820,074
Canada - 0.46%
Biovail Corp.	602,600		5,718,825
China - 0.34%
China Telecom Corp., Ltd. - Hong Kong
Exchange (a)	10,072,427		4,133,653
Finland - 1.95%
Stora Enso Oyj, Series R	1,064,551		10,401,835
UPM-Kymmene Oyj	878,064		13,699,864
			24,101,699
France - 11.20%
AXA Group SA	834,891		27,329,630
France Telecom SA	1,378,016		38,652,811
Sanofi-Aventis SA	520,553		34,224,016
Thomson SA *	1,760,620		6,292,250
Total SA	359,746		21,854,536
Vivendi SA	319,010		10,001,190
			138,354,433
Germany - 7.49%
Bayerische Motoren Werke (BMW) AG	308,986		11,976,532
Deutsche Post AG	639,141		13,335,363
Infineon Technologies AG *	1,605,710		8,914,730
Muenchener Rueckversicherungs-
Gesellschaft AG	120,454		18,169,866
SAP AG	393,520		20,958,450
Siemens AG	205,441		19,162,919
			92,517,860

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

238

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Hong Kong - 1.11%
Hutchison Whampoa, Ltd.	1,788,031	$	13,733,046
Israel - 1.57%
Check Point Software Technologies, Ltd. *	854,331		19,427,487
Italy - 2.92%
Autogrill SpA (a)	604,916		6,868,352
Eni SpA	683,757		18,123,705
UniCredito Italiano SpA	2,960,617		11,070,767
			36,062,824
Japan - 6.97%
Aiful Corp. (a)	428,649		3,316,629
Mitsubishi UFJ Financial Group, Inc.	1,653,000		14,414,572
NGK Spark Plug Company, Ltd.	977,000		9,511,282
Olympus Optical Company, Ltd.	348,000		10,171,244
Promise Company, Ltd.	270,600		5,236,153
Sony Corp. *	430,104		13,263,374
Toyota Motor Corp.	222,500		9,512,425
USS Company, Ltd.	321,680		20,688,937
			86,114,616
Netherlands - 5.21%
ING Groep NV	1,190,112		25,513,355
Koninklijke (Royal) Philips Electronics NV	545,165		14,791,728
Randstad Holdings NV	315,290		8,290,407
Reed Elsevier NV	1,059,382		15,715,919
			64,311,409
Norway - 2.51%
Aker Kvaerner ASA	498,940		8,079,500
Norske Skogindustrier ASA * (a)	1,790,298		7,396,305
Telenor ASA	1,248,445		15,546,199
			31,022,004
Singapore - 2.97%
Flextronics International, Ltd. *	1,739,840		12,318,067
Singapore Telecommunications, Ltd. (a)	6,599,000		15,083,550
Venture Corp., Ltd.	1,696,311		9,228,757
			36,630,374
South Korea - 2.75%
KT Corp., SADR	323,078		5,424,479
Samsung Electronics Company, Ltd.	62,253		28,527,648
			33,952,127
Spain - 1.96%
Telefonica SA	1,018,867		24,226,170
Sweden - 2.17%
Ericsson LM, Series B	1,596,064		15,157,480
Niscayah Group AB	2,879,791		4,098,214
Securitas AB, Series B (a)	672,911		7,579,631
			26,835,325
Switzerland - 6.70%
Adecco SA	483,850		21,019,185
Nestle SA	422,410		18,255,506
Novartis AG	415,350		21,867,983
Swiss Re	233,121		12,939,488
UBS AG *	506,990		8,665,691
			82,747,853

International Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Taiwan - 6.47%
Chunghwa Telecom Company, Ltd., ADR *		839,500	$	19,870,965
Compal Electronics, Inc., GDR (g)		449,887		1,417,145
Compal Electronics, Inc.		11,968,648		8,766,879
Lite-On Technology Corp.		17,891,103		15,630,016
Mega Financial Holding Company, Ltd.		38,710,000		17,750,708
Taiwan Semiconductor
Manufacturing Company, Ltd.		9,806,192		16,445,292
				79,881,005
United Kingdom - 27.87%
Aviva PLC		1,938,370		16,860,383
BAE Systems PLC		849,301		6,260,987
BP PLC		3,385,565		28,195,982
British Sky Broadcasting Group PLC		1,792,093		13,333,026
Centrica PLC		3,071,320		17,281,558
Compass Group PLC		2,531,727		15,701,787
GlaxoSmithKline PLC		1,305,464		28,279,867
Group 4 Securicor PLC		6,706,810		24,253,353
HBOS PLC		614,430		1,394,005
HSBC Holdings PLC		1,915,120		30,983,316
Kingfisher PLC		8,758,450		20,879,691
Marks & Spencer Group PLC		1,800,300		6,575,886
Old Mutual PLC		9,667,160		13,531,312
Pearson PLC		1,064,731		11,535,035
Persimmon PLC		2,635,640		19,177,480
Premier Foods PLC		2,445,409		3,283,195
Rentokil Initial PLC		6,208,418		7,702,782
Royal Bank of Scotland Group PLC		5,496,404		17,730,932
Royal Dutch Shell PLC, B Shares		781,726		21,960,896
Tesco PLC		1,117,730		7,773,795
Unilever PLC		239,790		6,520,094
Vodafone Group PLC		11,324,238		25,008,785
				344,224,147
United States - 2.98%
ACE, Ltd.		395,542		21,410,689
Invesco, Ltd.		267,977		5,622,157
KB Financial Group, Inc. * (a)		212,007		9,686,600
Nortel Networks Corp. *		7,401		16,578
				36,736,024
TOTAL COMMON STOCKS (Cost $1,441,671,970)				1,206,360,583
SHORT TERM INVESTMENTS - 3.40%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	31,995,791	$	31,995,791

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

239

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

International Value Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
Paribas Corp.
6.00% due 10/01/2008	$	10,010,000	$	10,010,000
TOTAL SHORT TERM INVESTMENTS
(Cost $42,005,791)			$	42,005,791
Total Investments (International Value Trust)
(Cost $1,483,677,761) - 101.08%			$	1,248,366,374
Liabilities in Excess of Other Assets - (1.08)%				(13,353,058)
TOTAL NET ASSETS - 100.00%			$	1,235,013,316

The portfolio had the following five top industry concentrations

as of September 30, 2008 (as a percentage of total net assets):

Telecommunications Equipment & Services	15.28%
Insurance	10.99%
Electronics	6.84%
Financial Services	6.42%
Pharmaceuticals	5.52%

Investment Quality Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 30.20%
Treasury Inflation-Protected
Securities (d) - 2.26%
2.375% due 01/15/2025	$	9,742,196	$	9,439,272
U.S. Treasury Bonds - 19.30%
6.00% due 02/15/2026		350,000		415,297
7.50% due 11/15/2016		4,725,000		5,937,997
7.875% due 02/15/2021		17,256,000		23,197,189
8.125% due 08/15/2021		8,477,000		11,662,495
8.125% due 08/15/2019 ****		8,000,000		10,736,872
8.75% due 08/15/2020		20,150,000		28,601,978
				80,551,828
U.S. Treasury Notes - 8.64%
3.125% due 08/31/2013		27,325,000		27,534,200
3.375% due 11/30/2012		8,300,000		8,499,715
				36,033,915
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $121,104,977)			$	126,025,015
U.S. GOVERNMENT AGENCY OBLIGATIONS - 6.04%
Federal Home Loan Mortgage Corp. - 0.88%
4.00% due 11/15/2019		864,735		795,740
6.50% due 04/01/2029 to 08/01/2034		156,536		161,337
6.625% due 09/15/2009		2,595,000		2,673,257
7.50% due 06/01/2010 to 05/01/2028		42,403		44,953
				3,675,287
Federal National Mortgage
Association - 4.57%
4.654% due 06/01/2013		1,146,624		1,143,853
4.917% due 02/01/2013		1,669,092		1,683,402
5.00% due 03/01/2019 to 06/01/2019		7,816,957		7,808,961
5.629% due 12/01/2011		1,318,222		1,352,398

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
5.953% due 11/01/2011	$	701,967	$	729,448
6.085% due 10/01/2011		908,660		940,981
6.095% due 03/01/2012		541,976		566,956
6.50% due 02/01/2036		193,967		199,233
6.625% due 09/15/2009		3,400,000		3,502,533
6.864% due 05/01/2012		1,074,599		1,117,265
7.00% due 06/01/2029		2,476		2,586
				19,047,616
Government - 0.13%
7.498% due 08/01/2011		519,000		536,084
Government National Mortgage
Association - 0.46%
6.00% due 01/15/2009 to 04/15/2035		474,408		484,125
6.50% due 05/15/2009 to 02/15/2035		216,252		226,598
7.00% due 11/15/2031 to 10/15/2034		1,139,713		1,197,856
8.00% due 07/15/2030 to 10/15/2030		22,507		24,411
				1,932,990
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $26,568,700)			$	25,191,977
FOREIGN GOVERNMENT OBLIGATIONS - 0.88%
Brazil - 0.88%
Federative Republic of Brazil
6.00% due 08/15/2010	BRL	1,950,000		1,728,980
10.00% due 01/01/2017		4,500,000		1,944,809
				3,673,789
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $4,261,065)			$	3,673,789
CORPORATE BONDS - 41.52%
Basic Materials - 1.57%
Agrium, Inc.
7.125% due 05/23/2036	$	750,000		730,239
Airgas, Inc.
7.125% due 10/01/2018 (g)		30,000		29,250
Alcan, Inc.
6.45% due 03/15/2011		81,000		83,082
ArcelorMittal
5.375% due 06/01/2013 (g)		425,000		401,497
6.125% due 06/01/2018 (g)		1,100,000		974,722
Corporacion Nacional Del Cobre de Chile -
CODELCO
6.375% due 11/30/2012 (g)		335,000		345,532
Cytec Industries, Inc.
6.00% due 10/01/2015		1,250,000		1,211,201
Freeport-McMoRan Copper & Gold, Inc.
8.25% due 04/01/2015		35,000		34,387
8.375% due 04/01/2017		85,000		83,725
Georgia-Pacific Corp.
7.00% due 01/15/2015 (g)		120,000		109,200
IMC Global, Inc.
7.30% due 01/15/2028		22,000		21,512
Inco, Ltd.
5.70% due 10/15/2015		217,000		199,270

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

240

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Basic Materials (continued)
International Paper Company
7.40% due 06/15/2014	$	1,215,000	$	1,216,864
International Steel Group, Inc.
6.50% due 04/15/2014		30,000		30,468
Mosaic Company
7.375% due 12/01/2014 (g)		25,000		25,882
7.625% due 12/01/2016 (g)		20,000		20,435
Novelis, Inc.
7.25% due 02/15/2015		22,000		19,140
Terra Capital, Inc., Series B
7.00% due 02/01/2017		15,000		14,250
United States Steel Corp.
6.05% due 06/01/2017		30,000		26,069
7.00% due 02/01/2018		30,000		27,083
Weyerhaeuser Company
6.75% due 03/15/2012		692,000		683,929
7.95% due 03/15/2025		260,000		247,816
				6,535,553
Communications - 6.22%
Ameritech Capital Funding Corp.
6.45% due 01/15/2018		952,000		970,761
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		606,000		637,960
8.125% due 05/01/2012		364,000		388,235
8.75% due 03/01/2031		703,000		777,279
AT&T, Inc.
5.50% due 02/01/2018		475,000		422,997
6.30% due 01/15/2038		1,000,000		828,200
Bellsouth Corp.
4.75% due 11/15/2012		973,000		923,854
British Telecommunications PLC
5.15% due 01/15/2013		780,000		727,953
8.625% due 12/15/2010		519,000		542,438
Cablevision Systems Corp., Series B
8.00% due 04/15/2012		87,000		81,780
CanWest Media, Inc.
8.00% due 09/15/2012		40,000		33,400
Cingular Wireless LLC
7.125% due 12/15/2031		433,000		408,510
Citizens Communications Company
9.25% due 05/15/2011		83,000		83,000
Comcast Cable Communications
8.50% due 05/01/2027		556,000		576,136
Comcast Corp.
5.70% due 05/15/2018		545,000		475,702
Cox Communications, Inc.
5.875% due 12/01/2016 (g)		850,000		784,752
7.125% due 10/01/2012		532,000		542,037
CSC Holdings, Inc.
7.625% due 07/15/2018		44,000		38,280
Dex Media, Inc.
zero coupon, Step up to 9.00% on
11/15/2008 due 11/15/2013		48,000		22,080
8.00% due 11/15/2013		55,000		25,300
DirecTV Holdings LLC
6.375% due 06/15/2015		65,000		57,200
GCI, Inc.
7.25% due 02/15/2014		65,000		56,550

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
HSN, Inc.
11.25% due 08/01/2016 (g)	$	25,000	$	23,750
Liberty Media Corp.
5.70% due 05/15/2013		26,000		21,625
7.75% due 07/15/2009		285,000		285,534
7.875% due 07/15/2009		31,000		31,096
8.25% due 02/01/2030		18,000		12,146
LIN Television Corp.
6.50% due 05/15/2013		15,000		11,700
LIN Television Corp., Series B
6.50% due 05/15/2013		18,000		14,040
Mediacom Broadband LLC
8.50% due 10/15/2015		78,000		64,350
News America Holdings, Inc.
7.75% due 01/20/2024		622,000		619,180
9.25% due 02/01/2013		701,000		748,822
Quebecor Media, Inc.
7.75% due 03/15/2016		55,000		48,125
7.75% due 03/15/2016		15,000		13,125
Qwest Corp.
7.50% due 10/01/2014		80,000		69,200
R.H. Donnelley Corp.
6.875% due 01/15/2013		70,000		27,300
Rogers Cable, Inc.
6.25% due 06/15/2013		400,000		400,020
Rogers Wireless, Inc.
9.625% due 05/01/2011		178,000		190,747
Scholastic Corp.
5.00% due 04/15/2013		230,000		192,050
Shaw Communications, Inc.
8.25% due 04/11/2010		31,000		30,845
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012		17,000		16,405
Sprint Capital Corp.
6.90% due 05/01/2019		15,000		11,625
Sprint Nextel Corp.
6.00% due 12/01/2016		18,000		13,860
TCI Communications, Inc.
8.75% due 08/01/2015		692,000		734,915
Telecom Italia Capital SA
5.25% due 11/15/2013		650,000		576,673
6.00% due 09/30/2034		447,000		313,177
6.20% due 07/18/2011		1,270,000		1,270,368
Telefonica Emisones SAU
7.045% due 06/20/2036		575,000		520,059
Thomson Reuters Corp.
6.50% due 07/15/2018		225,000		215,182
Time Warner Cable, Inc.
5.85% due 05/01/2017		1,895,000		1,669,567
6.55% due 05/01/2037		450,000		364,450
Time Warner Companies, Inc.
7.25% due 10/15/2017		390,000		357,945
Time Warner, Inc.
7.70% due 05/01/2032		1,298,000		1,134,114
Verizon Communications, Inc.
5.55% due 02/15/2016		1,120,000		1,032,192
6.40% due 02/15/2038		675,000		563,368
6.90% due 04/15/2038		600,000		531,852
8.75% due 11/01/2021		865,000		885,340

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

241

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Viacom, Inc.
6.125% due 10/05/2017	$	1,300,000	$	1,179,326
6.25% due 04/30/2016		757,000		681,762
6.625% due 05/15/2011		400,000		388,959
7.875% due 07/30/2030		625,000		516,352
Vodafone Group PLC
7.75% due 02/15/2010		714,000		735,906
Windstream Corp.
8.125% due 08/01/2013		10,000		9,500
8.625% due 08/01/2016		25,000		23,062
				25,954,018
Consumer, Cyclical - 1.81%
AMC Entertainment, Inc.
11.00% due 02/01/2016		40,000		39,400
American Airlines Pass Through Trust 2003-01
3.857% due 07/09/2010		121,864		113,242
Centex Corp.
7.875% due 02/01/2011		188,000		177,660
Continental Airlines, Inc., Series 974A
6.90% due 01/02/2018		700,643		616,566
Continental Airlines, Inc., Series 981A
6.648% due 09/15/2017		465,819		395,946
Continental Airlines, Inc., Series A
5.983% due 04/19/2022		15,000		11,550
Continental Airlines, Inc., Series B
6.903% due 04/19/2022		5,000		3,500
Continental Airlines, Inc., Series ERJ1
9.798% due 04/01/2021		58,066		40,646
CVS Caremark Corp.
6.125% due 08/15/2016		500,000		483,049
6.943% due 01/10/2030 (g)		572,584		542,208
D.R. Horton, Inc.
7.875% due 08/15/2011		825,000		742,500
9.75% due 09/15/2010		91,000		89,407
DaimlerChrysler NA Holding Corp.
8.50% due 01/18/2031		575,000		577,742
Federated Department Stores, Inc.
6.90% due 04/01/2029		519,000		405,848
K Hovnanian Enterprises, Inc.
11.50% due 05/01/2013 (g)		30,000		29,400
Lazy Days RV Center, Inc.
11.75% due 05/15/2012		21,000		9,030
Macys Retail Holdings, Inc.
5.875% due 01/15/2013		1,580,000		1,431,843
MGM Mirage, Inc.
6.00% due 10/01/2009		300,000		280,500
OED Corp./ Diamond Jo
8.75% due 04/15/2012		30,000		27,300
Pulte Homes, Inc.
8.125% due 03/01/2011		403,000		382,850
Rite Aid Corp.
10.375% due 07/15/2016		30,000		26,100
Seneca Gaming Corp.
7.25% due 05/01/2012		45,000		39,150
Southwest Airlines Company, Series 07-1
6.15% due 08/01/2022		734,724		698,869
Station Casinos, Inc.
6.00% due 04/01/2012		35,000		19,600

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
TRW Automotive, Inc.
7.00% due 03/15/2014 (g)	$	200,000	$	165,000
Wyndham Worldwide Corp.
6.00% due 12/01/2016		185,000		157,855
Wynn Las Vegas LLC
6.625% due 12/01/2014		61,000		52,003
				7,558,764
Consumer, Non-cyclical - 4.07%
Allegiance Corp.
7.00% due 10/15/2026		87,000		82,570
Alliance One International, Inc.
11.00% due 05/15/2012		48,000		47,040
AmerisourceBergen Corp.
5.875% due 09/15/2015		1,260,000		1,138,046
Aramark Services, Inc.
8.50% due 02/01/2015		65,000		61,100
Avis Budget Car Rental LLC
7.625% due 05/15/2014		60,000		37,950
Cargill, Inc.
5.60% due 09/15/2012 (g)		1,285,000		1,269,562
Cia Brasileira de Bebidas
8.75% due 09/15/2013		550,000		587,812
10.50% due 12/15/2011		230,000		253,000
Community Health Systems, Inc.
8.875% due 07/15/2015		35,000		33,250
Constellation Brands, Inc.
7.25% due 09/01/2016		35,000		32,200
7.25% due 05/15/2017		35,000		32,200
Corrections Corp. of America
6.25% due 03/15/2013		30,000		28,050
6.75% due 01/31/2014		300,000		282,000
DaVita, Inc.
6.625% due 03/15/2013		13,000		12,350
7.25% due 03/15/2015		13,000		12,350
Deluxe Corp.
7.375% due 06/01/2015		170,000		144,500
Dr Pepper Snapple Group, Inc.
6.82% due 05/01/2018		295,000		284,751
Elan Finance PLC/Elan Finance Corp.
7.75% due 11/15/2011		75,000		67,875
8.875% due 12/01/2013		75,000		63,000
Erac USA Finance Company
8.00% due 01/15/2011 (g)		1,816,000		1,857,848
General Mills, Inc.
5.20% due 03/17/2015		445,000		426,993
HCA, Inc.
6.375% due 01/15/2015		15,000		11,812
7.875% due 02/01/2011		130,000		125,450
9.625% due 11/15/2016		80,000		76,000
Kellogg Company
4.25% due 03/06/2013		425,000		410,021
Kraft Foods, Inc.
6.125% due 02/01/2018		450,000		421,550
6.50% due 11/01/2031		1,064,000		925,044
Kroger Company
6.75% due 04/15/2012		671,000		686,909
Medco Health Solutions, Inc.
7.125% due 03/15/2018		415,000		420,521

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

242

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
Miller Brewing Company
5.50% due 08/15/2013 (g)	$	1,145,000	$	1,129,576
Molson Coors Capital Financial
4.85% due 09/22/2010		113,000		113,453
Omnicare, Inc.
6.75% due 12/15/2013		20,000		18,150
6.875% due 12/15/2015		30,000		26,700
Philip Morris International, Inc.
5.65% due 05/16/2018		1,800,000		1,663,801
Procter & Gamble, Series A
9.36% due 01/01/2021		823,716		1,018,014
Quest Diagnostics, Inc.
5.45% due 11/01/2015		450,000		426,570
6.95% due 07/01/2037		635,000		608,333
Rental Service Corp.
9.50% due 12/01/2014		35,000		26,512
Reynolds American, Inc.
7.25% due 06/01/2013		295,000		303,143
7.30% due 07/15/2015		44,000		44,080
Service Corp. International
7.375% due 10/01/2014		10,000		9,100
7.625% due 10/01/2018		20,000		17,900
Smithfield Foods, Inc., Series B
7.75% due 05/15/2013		35,000		29,400
Tenet Healthcare Corp.
9.875% due 07/01/2014		80,000		78,000
Tyson Foods, Inc.
6.85% due 04/01/2016		400,000		330,000
United Rentals North America, Inc.
6.50% due 02/15/2012		50,000		41,750
UnitedHealth Group, Inc.
6.00% due 02/15/2018		1,375,000		1,243,840
Universal Hospital Services, Inc.
8.50% due 06/01/2015		25,000		23,312
				16,983,388
Diversified - 0.02%
Capmark Financial Group, Inc.
6.30% due 05/10/2017		220,000		86,447
Energy - 2.07%
Burlington Resources Finance Company
7.40% due 12/01/2031		541,000		570,688
Canadian Natural Resources, Ltd.
5.15% due 02/01/2013		350,000		325,948
6.45% due 06/30/2033		238,000		191,002
CenterPoint Energy Resources Corp.
6.125% due 11/01/2017		400,000		357,556
Chesapeake Energy Corp.
6.50% due 08/15/2017		65,000		56,875
6.625% due 01/15/2016		298,000		267,455
6.875% due 01/15/2016		5,000		4,563
7.50% due 09/15/2013		22,000		21,285
Delta Petroleum Corp.
7.00% due 04/01/2015		35,000		24,325
Dynegy Holdings, Inc.
7.125% due 05/15/2018		35,000		26,425
8.375% due 05/01/2016		50,000		43,500
El Paso Corp.
7.00% due 06/15/2017		30,000		26,801

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
El Paso Natural Gas Company
5.95% due 04/15/2017	$	85,000	$	75,209
EnCana Corp.
5.90% due 12/01/2017		450,000		401,615
Halliburton Company
5.50% due 10/15/2010		593,000		610,383
Hornbeck Offshore Services, Inc.
6.125% due 12/01/2014		10,000		9,125
Kinder Morgan Energy Partners LP
7.125% due 03/15/2012		692,000		699,651
Kinder Morgan Finance Company
5.70% due 01/05/2016		70,000		60,200
Motiva Enterprises LLC
5.20% due 09/15/2012 (g)		952,000		979,848
Newfield Exploration Company
6.625% due 04/15/2016		25,000		22,250
NGPL PipeCo LLC
6.514% due 12/15/2012 (g)		1,850,000		1,852,997
OPTI Canada, Inc.
7.875% due 12/15/2014		45,000		39,825
Peabody Energy Corp.
6.875% due 03/15/2013		74,000		71,410
7.375% due 11/01/2016		290,000		278,400
PetroHawk Energy Corp.
9.125% due 07/15/2013		35,000		32,900
Petroleum Export, Ltd.
5.265% due 06/15/2011 (g)		290,742		287,902
Pioneer Natural Resources Company
6.65% due 03/15/2017		260,000		231,760
6.875% due 05/01/2018		35,000		31,163
Plains Exploration & Production Company
7.75% due 06/15/2015		35,000		32,200
Pride International, Inc.
7.375% due 07/15/2014		35,000		33,425
Range Resources Corp.
7.50% due 05/15/2016		20,000		19,100
7.50% due 10/01/2017		10,000		9,450
SandRidge Energy, Inc.
8.00% due 06/01/2018 (g)		15,000		12,900
Southwestern Energy Company
7.50% due 02/01/2018 (g)		35,000		33,950
Valero Energy Corp.
8.75% due 06/15/2030		403,000		411,609
Whiting Petroleum Corp.
7.00% due 02/01/2014		22,000		18,700
7.25% due 05/01/2013		22,000		20,405
Williams Companies, Inc.
7.125% due 09/01/2011		87,000		85,695
8.125% due 03/15/2012		34,000		34,351
XTO Energy, Inc.
6.75% due 08/01/2037		380,000		337,181
				8,650,027
Financial - 19.49%
ACE Capital Trust II
9.70% due 04/01/2030		752,000		698,169
ACE INA Holdings, Inc.
5.70% due 02/15/2017		160,000		146,386

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

243

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
AGFC Capital Trust I
6.00% due 01/15/2067 (b)(g)	$	860,000	$	231,003
Allied World Assurance Holdings, Ltd.
7.50% due 08/01/2016		485,000		427,920
AMB Property LP
5.45% due 12/01/2010		255,000		251,987
7.50% due 06/30/2018		364,000		362,951
American Financial Group, Inc.
7.125% due 04/15/2009		295,000		297,401
American General Finance Corp.
5.375% due 10/01/2012		346,000		189,115
Arch Western Finance LLC
6.75% due 07/01/2013		69,000		64,860
Associates Corp. of North America
8.55% due 07/15/2009		519,000		511,573
AvalonBay Communities, Inc.
5.50% due 01/15/2012		425,000		411,018
Bank of America Corp.
4.375% due 12/01/2010		1,514,000		1,452,220
5.42% due 03/15/2017		4,000,000		3,184,008
Bear Stearns Companies, Inc.
5.35% due 02/01/2012		195,000		185,524
6.40% due 10/02/2017		85,000		79,381
6.95% due 08/10/2012		830,000		838,403
Brandywine Operating Partnership
5.70% due 05/01/2017		825,000		650,041
BTM (Curacao) Holdings NV
4.76% due 07/21/2015 (b)(g)		480,000		467,750
Buffalo Thunder Development Authority
9.375% due 12/15/2014 (g)		85,000		35,700
Canadian Oil Sands, Ltd.
7.90% due 09/01/2021 (g)		465,000		466,889
Capital One Capital IV
6.745% due 02/17/2037 (b)		400,000		193,408
Capmark Financial Group, Inc.
5.875% due 05/10/2012		785,000		391,318
Chase Manhattan Corp.
7.00% due 11/15/2009		865,000		865,168
CIT Group, Inc.
5.60% due 04/27/2011		750,000		483,023
7.625% due 11/30/2012		830,000		526,524
Citicorp
6.375% due 11/15/2008		519,000		519,575
Citigroup Capital XXI
8.30% due 12/21/2057 (b)		835,000		622,126
Citigroup, Inc.
4.875% due 05/07/2015		989,000		737,645
5.50% due 08/27/2012		1,525,000		1,369,506
6.50% due 08/19/2013		1,300,000		1,155,398
6.875% due 03/05/2038		550,000		449,881
Countrywide Financial Corp.
4.50% due 06/15/2010		210,000		189,777
5.80% due 06/07/2012		415,000		350,575
Developers Diversified Realty Corp.
4.625% due 08/01/2010		110,000		105,501
5.00% due 05/03/2010		45,000		43,645
Discover Financial Services
6.45% due 06/12/2017		885,000		639,935

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Duke Realty Corp. LP
5.25% due 01/15/2010	$	480,000	$	470,631
Equitable Companies, Inc.
7.00% due 04/01/2028		865,000		806,030
Equitable Life Assurance Society
7.70% due 12/01/2015 (g)		680,000		708,100
Equity One, Inc.
6.00% due 09/15/2017		700,000		561,065
Everest Reinsurance Holdings, Inc.
6.50% due 05/15/2037 (b)		1,475,000		862,087
8.75% due 03/15/2010		596,000		621,011
Farmers Exchange Capital
7.05% due 07/15/2028 (g)		725,000		578,700
Fidelity National Title Group, Inc.
7.30% due 08/15/2011		179,000		187,574
First Republic Bank of San Francisco
7.75% due 09/15/2012		714,000		649,740
First Union National Bank
6.919% due 12/15/2036		500,000		346,192
7.80% due 08/18/2010		1,500,000		1,249,272
Ford Motor Credit Company
7.00% due 10/01/2013		119,000		73,132
General Electric Capital Corp.
4.80% due 05/01/2013		1,175,000		1,071,719
6.125% due 02/22/2011		433,000		430,273
6.75% due 03/15/2032		1,641,000		1,369,720
General Motors Acceptance Corp.
8.00% due 11/01/2031		100,000		37,728
Goldman Sachs Group, Inc.
5.45% due 11/01/2012		805,000		682,391
6.15% due 04/01/2018		1,300,000		1,080,968
6.75% due 10/01/2037		3,540,000		2,363,269
6.875% due 01/15/2011		692,000		661,495
HBOS PLC
6.00% due 11/01/2033 (g)		710,000		466,749
6.75% due 05/21/2018 (g)		170,000		142,541
Health Care Property Investors, Inc.
5.65% due 12/15/2013		750,000		660,369
5.95% due 09/15/2011		450,000		424,676
7.072 due 06/08/2015		433,000		388,578
Healthcare Realty Trust, Inc.
8.125% due 05/01/2011		1,298,000		1,337,381
Host Hotels & Resorts LP
6.875% due 11/01/2014		15,000		12,975
HSBC Bank USA NA, BKNT
7.00% due 01/15/2039		525,000		471,768
HSBC Holdings PLC
6.80% due 06/01/2038		1,200,000		1,016,138
International Lease Finance Corp.
5.625% due 09/15/2010		670,000		450,527
6.375% due 03/25/2013		425,000		268,392
Jackson National Life Insurance Company
8.15% due 03/15/2027 (g)		1,298,000		1,310,521
Janus Capital Group, Inc.
6.25% due 06/15/2012		305,000		288,236
JP Morgan Chase & Company
5.375% due 10/01/2012		1,050,000		1,014,369
JP Morgan Chase Capital XV
5.875% due 03/15/2035		433,000		300,578

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

244

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
JPMorgan Chase & Company
6.00% due 01/15/2018	$	1,120,000	$	1,021,297
KAR Holdings, Inc.
10.00% due 05/01/2015		35,000		26,950
Kimco Realty Corp.
5.584% due 11/23/2015		410,000		365,593
Lazard Group LLC
6.85% due 06/15/2017		1,840,000		1,523,884
Lehman Brothers Holdings, Inc.
6.20% due 09/26/2014 ^		1,435,000		179,375
7.00% due 09/27/2027 ^		1,520,000		190,000
Lender Processing Services, Inc.
8.125% due 07/01/2016 (g)		15,000		14,625
Liberty Mutual Insurance Company
7.697% due 10/15/2097 (g)		2,000,000		1,603,522
Liberty Property LP
6.625% due 10/01/2017		210,000		187,644
7.25% due 03/15/2011		725,000		735,831
Merrill Lynch & Company, Inc.
5.45% due 02/05/2013		450,000		405,369
6.40% due 08/28/2017		1,800,000		1,556,858
7.75% due 05/14/2038		750,000		630,359
Metropolitan Life Global Funding I
5.125% due 04/10/2013 (g)		535,000		519,740
Metropolitan Life Global Mountain
4.25% due 07/30/2009 (g)		500,000		490,992
Mizuho Financial Group, Cayman, Ltd.
5.79% due 04/15/2014 (g)		779,000		785,798
Morgan Stanley
5.55% due 04/27/2017		285,000		176,680
6.25% due 08/28/2017		1,320,000		818,454
6.75% due 04/15/2011		684,000		506,239
Morgan Stanley Dean Witter
6.60% due 04/01/2012		1,285,000		933,398
Morgan Stanley, MTN
6.00% due 04/28/2015		600,000		408,136
6.625% due 04/01/2018		1,225,000		810,694
National Australia Bank, Ltd.
8.60% due 05/19/2010		152,000		159,143
Nationwide Mutual Insurance Company
8.25% due 12/01/2031 (g)		865,000		887,484
Navigators Group, Inc.
7.00% due 05/01/2016		204,000		196,874
NBD Bancorp
8.25% due 11/01/2024		1,730,000		1,922,672
Ohio National Life Insurance Company
8.50% due 05/15/2026 (g)		995,000		1,192,639
Premium Asset Trust
4.125% due 03/12/2009 (g)		563,000		144,578
Principal Life Global Funding I
6.125% due 10/15/2033 (g)		697,000		617,953
Prudential Financial, Inc., MTN
5.15% due 01/15/2013		865,000		818,069
Realty Income Corp.
6.75% due 08/15/2019		1,515,000		1,366,824
Regency Centers LP
7.95% due 01/15/2011		456,000		463,165
Reinsurance Group of America, Inc.
6.75% due 12/15/2011		865,000		881,472

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Republic New York Corp.
9.50% due 04/15/2014	$	865,000	$	892,370
Rouse Company LP
6.75% due 05/01/2013 (g)		40,000		27,200
Royal Bank of Scotland Group PLC
6.40% due 04/01/2009		2,379,000		2,391,699
RSHB Capital SA for OJSC Russian Agricultural
Bank
6.299% due 05/15/2017 (g)		410,000		292,699
7.125% due 01/14/2014 (g)		145,000		119,988
7.175% due 05/16/2013		750,000		610,838
Sanwa Bank, Ltd., New York Branch
7.40% due 06/15/2011		450,000		479,826
Simon Property Group LP
5.30% due 05/30/2013		1,325,000		1,237,603
Sovereign Bancorp, Inc.
4.80% due 09/01/2010		195,000		153,943
Sovereign Bank
8.75% due 05/30/2018		250,000		170,887
Sun Canada Financial Company
7.25% due 12/15/2015 (g)		1,471,000		1,675,354
Sunamerica, Inc.
8.125% due 04/28/2023		865,000		594,304
United Dominion Realty Trust, Inc.
6.05% due 06/01/2013		750,000		742,932
United States Bancorp Oregon
7.50% due 06/01/2026		1,624,000		1,656,037
Unitrin, Inc.
6.00% due 05/15/2017		705,000		592,022
UnumProvident Finance Company, PLC
6.85% due 11/15/2015 (g)		390,000		376,067
Ventas Realty LP/Ventas Capital Corp.
6.625% due 10/15/2014		300,000		288,000
6.75% due 06/01/2010		13,000		12,935
7.125% due 06/01/2015		22,000		21,835
VTB Capital SA
6.25% due 07/02/2035 (g)		500,000		350,000
W.R. Berkley Corp.
5.125% due 09/30/2010		346,000		347,070
5.60% due 05/15/2015		377,000		346,080
Wachovia Corp., MTN
5.50% due 05/01/2013		880,000		728,044
WEA Finance LLC
7.125% due 04/15/2018 (g)		350,000		314,651
Westfield Group
5.40% due 10/01/2012 (g)		800,000		738,880
Willis North America, Inc.
6.20% due 03/28/2017		730,000		634,704
				81,298,478
Industrial - 0.86%
Allied Waste North America, Inc.
6.50% due 11/15/2010		25,000		24,437
Allied Waste North America, Inc., Series B
5.75% due 02/15/2011		35,000		33,513
American Railcar Industries, Inc.
7.50% due 03/01/2014		25,000		22,125
Avnet, Inc.
6.625% due 09/15/2016		600,000		584,344

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

245

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
DP World, Ltd.
6.85% due 07/02/2037 (g)	$	320,000	$	236,915
General Electric Company
5.25% due 12/06/2017		1,125,000		984,411
Harland Clarke Holdings Corp.
9.50% due 05/15/2015		15,000		10,650
L-3 Communications Corp., Series B
6.375% due 10/15/2015		45,000		41,400
Owens-Brockway Glass Container, Inc.
8.25% due 05/15/2013		109,000		108,455
Pactiv Corp.
5.875% due 07/15/2012		360,000		361,848
Sanmina-SCI Corp.
5.5687% due 06/15/2010 (b)(g)		30,000		28,200
SCL Terminal Aereo Santiago SA
6.95% due 07/01/2012 (g)		699,036		743,655
SPX Corp.
7.625% due 12/15/2014 (g)		30,000		30,000
Stone Container Finance
7.375% due 07/15/2014		30,000		23,100
Texas Industries, Inc.
7.25% due 07/15/2013		35,000		30,450
Tyco International Group SA
6.75% due 02/15/2011		300,000		304,431
Ultrapetrol Bahamas, Ltd.
9.00% due 11/24/2014		15,000		13,650
				3,581,584
Technology - 0.41%
Fiserv, Inc.
6.125% due 11/20/2012		625,000		606,044
IKON Office Solutions, Inc.
7.75% due 09/15/2015		35,000		36,575
Intuit, Inc.
5.40% due 03/15/2012		315,000		295,898
Sungard Data Systems, Inc.
9.125% due 08/15/2013		52,000		46,800
Unisys Corp.
6.875% due 03/15/2010		30,000		27,600
Xerox Corp.
5.50% due 05/15/2012		270,000		257,429
6.40% due 03/15/2016		400,000		372,515
7.20% due 04/01/2016		70,000		67,938
				1,710,799
Utilities - 5.00%
Abu Dhabi National Energy Company
5.875% due 10/27/2016 (g)		500,000		456,392
Aquila, Inc.
7.95 due 02/01/2011		70,000		72,479
11.875% due 07/01/2012		30,000		33,190
Atmos Energy Corp.
6.35% due 06/15/2017		195,000		183,495
Carolina Power & Light Company
6.50% due 07/15/2012		1,254,000		1,291,607
CenterPoint Energy, Inc.
6.50% due 05/01/2018		165,000		140,524
CMS Energy Corp.
8.50% due 04/15/2011		26,000		26,603

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utilities (continued)
Commonwealth Edison Company
5.95% due 08/15/2016	$	400,000	$	377,764
6.15% due 03/15/2012		273,000		272,771
Dominion Resources, Inc.
6.40% due 06/15/2018		870,000		832,103
7.00% due 06/15/2038		425,000		399,878
Duke Energy Corp.
5.65% due 06/15/2013		1,300,000		1,272,336
Edison Mission Energy
7.00% due 05/15/2017		10,000		9,000
7.20% due 05/15/2019		25,000		22,000
7.75% due 06/15/2016		30,000		28,200
Enel Finance International SA
6.80% due 09/15/2037 (g)		1,155,000		1,133,743
Exelon Generation Company, LLC
6.95% due 06/15/2011		550,000		556,968
Georgia Power Company
5.25% due 12/15/2015		250,000		239,496
Ipalco Enterprises, Inc.
7.25% due 04/01/2016 (g)		15,000		14,325
Israel Electric Corp., Ltd.
7.25% due 01/15/2019 (g)		1,100,000		1,101,798
Midamerican Funding LLC
6.75% due 03/01/2011		865,000		920,628
Mirant North America LLC
7.375% due 12/31/2013		65,000		61,100
Nevada Power Company
6.50% due 08/01/2018		450,000		424,251
New York State Electric & Gas Corp.
5.75% due 05/01/2023		476,000		418,272
NiSource Finance Corp.
6.40% due 03/15/2018		385,000		345,033
Northern States Power Company
6.50% due 03/01/2028		433,000		412,463
NRG Energy, Inc.
7.25% due 02/01/2014		35,000		32,463
7.375% due 02/01/2016		20,000		18,000
7.375% due 01/15/2017		25,000		22,750
NSTAR
8.00% due 02/15/2010		1,730,000		1,813,144
Ohio Edison Company
6.875% due 07/15/2036		450,000		400,708
Old Dominion Electric Cooperative
6.25% due 06/01/2011		904,000		913,239
Oncor Electric Delivery Company
7.50% due 09/01/2038 (g)		395,000		330,421
PacifiCorp
6.35% due 07/15/2038		315,000		287,724
Potomac Electric Power Company
6.50% due 11/15/2037		750,000		721,744
PSEG Power LLC
8.625% due 04/15/2031		511,000		552,636
Puget Sound Energy, Inc.
7.00% due 03/09/2029		346,000		309,977
Reliant Energy, Inc.
6.75% due 12/15/2014		41,000		35,055
Southern California Edison Company
6.00% due 01/15/2034		649,000		601,497

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

246

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utilities (continued)
Taqa Abu Dhabi National Energy Company
6.50% due 10/27/2036 (g)	$	950,000	$	749,004
TXU Corp., Series P
5.55% due 11/15/2014		109,000		81,342
Union Electric Company
6.40% due 06/15/2017		2,330,000		2,221,539
Wisconsin Electric Power Company
6.50% due 06/01/2028		606,000		558,808
Wisconsin Energy Corp.
6.20% due 04/01/2033		217,000		181,410
				20,877,880
TOTAL CORPORATE BONDS (Cost $196,647,471)			$	173,236,938
MUNICIPAL BONDS - 0.76%
California - 0.30%
Southern California Public Power Authority Project,
Series B
6.93% due 05/15/2017		1,125,000		1,258,222
Florida - 0.24%
Miami Beach Florida Redevelopment Agency Tax
Increment Revenue
8.95% due 12/01/2022		865,000		987,346
Indiana - 0.03%
Indiana Bond Bank Revenue
5.02% due 01/15/2016		120,000		114,160
Maryland - 0.06%
Maryland State Transportation Authority, Ltd.
5.84% due 07/01/2011		260,000		267,251
New Jersey - 0.03%
Jersey City, NJ, Municipal Utilities Authority
4.55% due 05/15/2012		130,000		122,583
New York - 0.10%
Sales Tax Asset Receivable Corp., Series B
4.25% due 10/15/2011		435,000		427,740
TOTAL MUNICIPAL BONDS (Cost $3,150,749)			$	3,177,302
COLLATERALIZED MORTGAGE
OBLIGATIONS - 10.27%
Diversified REIT Trust, Series 2000-1A, Class B
6.971% due 03/08/2010 (g)		2,000,000		2,027,000
American Tower Trust, Series 2007-1A, Class AFX
5.4197% due 04/15/2037 (g)		800,000		720,872
Banc of America Commercial Mortgage, Inc, Series
2006-2, Class A4
5.9293% due 05/10/2045 (b)		2,500,000		2,262,401
Banc of America Commercial Mortgage, Inc.,
Series 2002-PB2 Class A4
6.186% due 06/11/2035		2,594,203		2,589,738
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2003-T12, Class A4
4.68% due 08/13/2039 (b)		2,594,203		2,403,282
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR9, Class A4A
4.871% due 09/11/2042		1,405,000		1,258,285

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW12, Class AM
5.941% due 09/11/2038 (b)	$	2,000,000	$	1,651,348
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW17, Class A4
5.694% due 06/11/2050 (b)		825,000		702,755
Chase Commercial Mortgage Securities Corp.,
Series 1998-2, Class A2
6.39% due 11/18/2008		200,293		199,702
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2007-CD4, Class A4
5.322% due 12/11/2049		1,425,000		1,189,201
Commercial Mortgage Asset Trust, Series
1999-C1, Class A3
6.64% due 01/17/2032		1,664,236		1,663,933
Commercial Mortgage Pass Through Certificates,
Series 2006-C7, Class A4
5.768% due 06/10/2046		2,000,000		1,807,685
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class A3
5.467% due 09/15/2039		2,500,000		2,197,470
Crown Castle Towers LLC, Series 2005-1A, Class B
4.878% due 06/15/2035 (g)		790,000		757,278
First Union - Chase Commercial Mortgage,
Series 1999-C2, Class A2
6.645% due 06/15/2031		1,358,686		1,355,563
General Electric Capital Assurance Company,
Series 2003-1, Class A5
5.7426% due 05/12/2035 (b)(g)		570,725		518,845
Government National Mortgage Association, Series
2006-38, Class XS
4.7619% IO due 09/16/2035		462,841		38,788
GS Mortgage Securities Corp. II, Series 2006-GG6,
Class A4
5.553% due 04/10/2038 (b)		2,500,000		2,255,823
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2007-CB18, Class A4
5.44% due 06/12/2047		80,000		66,741
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2006-CB14, Class A4
5.481% due 12/12/2044 (b)		1,500,000		1,326,285
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP7, Class A4
6.0654% due 04/15/2045 (b)		2,150,000		1,944,115
LB-UBS Commercial Mortgage Trust, Series
2005-C5, Class A4
4.954% due 09/15/2030		1,500,000		1,349,921
LB-UBS Commercial Mortgage Trust,
Series 2001-C7, Class A3
5.642% due 12/15/2025		937,854		933,756
LB-UBS Commercial Mortgage Trust,
Series 2002-C1,Class A4
6.462% due 03/15/2031		1,297,102		1,302,977
LB-UBS Commercial Mortgage Trust,
Series 2006-C4, Class A4
5.8826% due 06/15/2038 (b)		1,700,000		1,552,824
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class A4
5.6574% due 05/12/2039 (b)		2,000,000		1,804,608

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

247

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Morgan Stanley Capital I, Series 2007-HQ11,
Class A4
5.447% due 02/12/2044 (b)	$	2,095,000	$	1,755,213
Morgan Stanley Dean Witter Capital I,
Series 2001, Class A4
6.39% due 06/15/2011		694,419		694,178
Morgan Stanley Dean Witter Capital I,
Series 2001-TOP5, Class A4
6.39% due 10/15/2035		1,729,469		1,725,205
Morgan Stanley Dean Witter
Capital I, Series 2002-TOP7, Class A2
5.98% due 01/15/2039		259,421		254,811
Nomura Asset Securities Corp.,
Series 1998-D6, Class A1B
6.59% due 03/15/2030		134,132		134,089
Prudential Commercial Mortgage Trust,
Series 2003-PWR1, Class A2
4.493% due 02/11/2036		2,594,203		2,386,221
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $46,697,069)			$	42,830,913
ASSET BACKED SECURITIES - 1.34%
Chase Issuance Trust, Series 2008-A4, Class A4
4.65% due 03/15/2015		845,000		803,735
Dominos Pizza Master Issuer LLC,
Series 2007-1, Class A2
5.261% due 04/25/2037 (g)		900,000		729,868
Ford Credit Auto Owner Trust, Series 2005-C,
Class A4
4.36% due 06/15/2010		1,421,618		1,420,925
Harley-Davidson Motorcycle Trust,
Series 2005-1, Class A2
3.76% due 12/17/2012		1,429,153		1,338,813
Massachusetts RRB Special Purpose Trust,
Series 2001-1, Class A
6.53% due 06/01/2013		427,082		442,904
Peco Energy Transition Trust,
Series 2001-A, Class A1
6.52% due 12/31/2010		217,000		222,703
WFS Financial Owner Trust,
Series 2005-2, Class A4
4.39% due 11/19/2012		620,678		620,782
TOTAL ASSET BACKED SECURITIES
(Cost $5,851,302)			$	5,579,730

Investment Quality Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 8.82%
Deutsche Bank Tri-Party Repurchase
Agreement dated 09/30/2008 at
2.25% to be repurchased at
$36,802,300 on 10/1/2008,
collateralized by $70,591,991
Federal National Mortgage
Association, 5.50% due
03/01/2015 (valued at
$37,536,000, including interest)	$	36,800,000	$	36,800,000
TOTAL REPURCHASE AGREEMENTS
(Cost $36,800,000)			$	36,800,000
Total Investments (Investment Quality Bond Trust)
(Cost $441,081,333) - 99.83%			$	416,515,664
Other Assets in Excess of Liabilities - 0.17%				724,615
TOTAL NET ASSETS - 100.00%			$	417,240,279
Large Cap Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 99.22%
Communications - 9.45%
AT&T, Inc.		295,500	$	8,250,360
Comcast Corp., Class A		734,000		14,408,420
Interpublic Group of Companies, Inc. *		730,700		5,662,925
News Corp., Class A		538,200		6,453,018
Nortel Networks Corp. *		25		56
Omnicom Group, Inc.		165,650		6,387,464
Sprint Nextel Corp.		1,406,438		8,579,272
Symantec Corp. *		97,015		1,899,554
				51,641,069
Consumer, Cyclical - 9.05%
BorgWarner, Inc.		208,062		6,818,192
Carnival Corp.		229,901		8,127,000
Coach, Inc. *		114,100		2,857,064
Johnson Controls, Inc.		311,819		9,457,470
PACCAR, Inc.		201,750		7,704,833
Royal Caribbean Cruises, Ltd.		111,100		2,305,325
Southwest Airlines Company		188,500		2,735,135
Starbucks Corp. *		352,900		5,247,623
Starwood Hotels & Resorts Worldwide, Inc.		149,900		4,218,186
				49,470,828
Consumer, Non-cyclical - 20.99%
Allergan, Inc.		130,274		6,709,111
Amgen, Inc. *		97,200		5,761,044
Cephalon, Inc. *		25,597		1,983,511
Constellation Brands, Inc., Class A *		238,800		5,124,648
Covidien, Ltd.		107,700		5,789,952
DaVita, Inc. *		55,400		3,158,354
Fortune Brands, Inc.		103,400		5,931,024
Genzyme Corp. *		181,198		14,657,106
Johnson & Johnson		189,292		13,114,150
Medco Health Solutions, Inc. *		162,600		7,317,000
Medtronic, Inc.		105,966		5,308,897
Millipore Corp. *		64,100		4,410,080

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

248

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Pharmaceutical Product Development, Inc.	77,500	$	3,204,625
Schering-Plough Corp.	367,200		6,782,184
Sysco Corp.	261,423		8,059,671
UnitedHealth Group, Inc.	98,067		2,489,921
Wyeth	327,882		12,111,961
Zimmer Holdings, Inc. *	42,900		2,769,624
			114,682,863
Energy - 9.87%
Baker Hughes, Inc.	182,900		11,072,766
Chevron Corp.	106,900		8,817,112
EOG Resources, Inc.	46,100		4,124,106
Halliburton Company	370,000		11,984,300
Marathon Oil Corp.	158,800		6,331,356
Peabody Energy Corp.	127,200		5,724,000
Sunoco, Inc.	72,200		2,568,876
Ultra Petroleum Corp. *	60,400		3,342,536
			53,965,052
Financial - 18.75%
ACE, Ltd.	82,200		4,449,486
AFLAC, Inc.	188,300		11,062,625
Bank of New York Mellon Corp.	172,576		5,622,526
Citigroup, Inc.	794,066		16,286,294
City National Corp.	58,700		3,187,410
Discover Financial Services	392,643		5,426,326
Fifth Third Bancorp (a)	607,205		7,225,740
Goldman Sachs Group, Inc.	22,500		2,880,000
Hartford Financial Services Group, Inc.	102,162		4,187,620
Morgan Stanley	369,187		8,491,301
Principal Financial Group, Inc.	179,000		7,784,710
SunTrust Banks, Inc.	164,500		7,400,855
Wells Fargo & Company	491,322		18,439,315
			102,444,208
Industrial - 12.35%
Burlington Northern Santa Fe Corp.	87,650		8,101,489
FedEx Corp.	153,417		12,126,080
General Electric Company	740,400		18,880,200
Illinois Tool Works, Inc.	263,252		11,701,551
Masco Corp.	499,822		8,966,807
Pall Corp.	120,500		4,143,995
Ryder Systems, Inc.	57,400		3,558,800
			67,478,922
Technology - 13.71%
Analog Devices, Inc.	339,800		8,953,730
Broadcom Corp., Class A *	170,600		3,178,278
Hewlett-Packard Company	178,000		8,230,720
Intel Corp.	942,200		17,647,406
Intuit, Inc. *	230,100		7,273,461
Microsoft Corp.	529,400		14,129,686
NetApp, Inc. *	300,600		5,479,938
VMware, Inc. Class A *	137,700		3,668,328
Xilinx, Inc.	270,209		6,336,401
			74,897,948
Utilities - 5.05%
American Electric Power Company, Inc.	140,657		5,208,529

Large Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
Exelon Corp.		178,487	$	11,176,856
NiSource, Inc.		134,502		1,985,250
Pepco Holdings, Inc.		110,019		2,520,535
Sempra Energy		133,386		6,731,991
				27,623,161
TOTAL COMMON STOCKS (Cost $662,434,175)			$	542,204,051
SHORT TERM INVESTMENTS - 0.76%
John Hancock Cash
Investment Trust, 2.6453% (f)	$	4,165,693	$	4,165,693
TOTAL SHORT TERM INVESTMENTS
(Cost $4,165,693)			$	4,165,693
REPURCHASE AGREEMENTS - 1.24%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$6,776,235 on 10/01/2008,
collateralized by $6,695,000
Federal Home Loan Mortgage
Corp., 5.40% due 06/04/2012
(valued at $6,911,650, including
interest)	$	6,776,000	$	6,776,000
TOTAL REPURCHASE AGREEMENTS
(Cost $6,776,000)			$	6,776,000
Total Investments (Large Cap Trust)
(Cost $673,375,868) - 101.22%			$	553,145,744
Liabilities in Excess of Other Assets - (1.22)%				(6,643,755)
TOTAL NET ASSETS - 100.00%			$	546,501,989
Large Cap Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 100.06%
Basic Materials - 4.62%
Biogen Idec, Inc. *		99,000	$	4,978,710
Eli Lilly & Company		161,000		7,088,830
Freeport-McMoRan Copper & Gold, Inc.,
Class B		114,000		6,480,900
Reliance Steel & Aluminum Company		91,000		3,455,270
The Mosaic Company		47,000		3,196,940
United States Steel Corp.		54,000		4,190,940
				29,391,590
Communications - 4.76%
AT&T, Inc.		215,000		6,002,800
CenturyTel, Inc.		90,000		3,298,500
McAfee, Inc. *		62,000		2,105,520
Symantec Corp. *		437,000		8,556,460
Walt Disney Company		336,000		10,311,840
				30,275,120
Consumer, Cyclical - 9.73%
CVS Caremark Corp.		252,000		8,482,320

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

249

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Dollar Tree, Inc. *	22,000	$	799,920
Hasbro, Inc.	99,000		3,437,280
Ingram Micro, Inc., Class A *	237,000		3,808,590
McDonald's Corp.	124,000		7,650,800
Pulte Homes, Inc.	425,000		5,937,250
RadioShack Corp.	406,000		7,015,680
Southwest Airlines Company	366,000		5,310,660
The Gap, Inc.	387,000		6,880,860
Toll Brothers, Inc. *	124,000		3,128,520
Wal-Mart Stores, Inc.	158,000		9,462,620
			61,914,500
Consumer, Non-cyclical - 16.12%
AmerisourceBergen Corp.	116,000		4,367,400
Amgen, Inc. *	234,000		13,869,180
General Mills, Inc.	25,000		1,718,000
Johnson & Johnson	324,000		22,446,720
McKesson Corp.	132,000		7,102,920
Medco Health Solutions, Inc. *	116,000		5,220,000
Merck & Company, Inc.	227,000		7,164,120
Pfizer, Inc.	1,131,000		20,855,640
Procter & Gamble Company	26,000		1,811,940
The Kroger Company	223,000		6,128,040
United Rentals, Inc. *	182,000		2,773,680
WellPoint, Inc. *	194,000		9,073,380
			102,531,020
Energy - 23.41%
Apache Corp.	97,000		10,115,160
Chevron Corp.	305,000		25,156,400
ConocoPhillips	262,000		19,191,500
Devon Energy Corp.	114,000		10,396,800
ENSCO International, Inc.	100,000		5,763,000
Exxon Mobil Corp.	562,000		43,644,920
Hess Corp.	55,000		4,514,400
Marathon Oil Corp.	215,000		8,572,050
Noble Energy, Inc.	85,000		4,725,150
Occidental Petroleum Corp.	79,000		5,565,550
Sunoco, Inc.	73,000		2,597,340
Tidewater, Inc.	104,000		5,757,440
Valero Energy Corp.	96,000		2,908,800
			148,908,510
Financial - 18.73%
ACE, Ltd.	104,000		5,629,520
Aetna, Inc.	111,000		4,008,210
Allstate Corp.	216,000		9,961,920
Ameriprise Financial, Inc.	188,000		7,181,600
Bank of America Corp.	217,000		7,595,000
Capital One Financial Corp.	164,000		8,364,000
Chubb Corp.	163,000		8,948,700
Cincinnati Financial Corp.	155,000		4,408,200
Hanover Insurance Group, Inc.	20,000		910,400
Hartford Financial Services Group, Inc.	44,000		1,803,560
HCC Insurance Holdings, Inc.	47,000		1,269,000
Hudson City Bancorp, Inc.	128,000		2,361,600
JPMorgan Chase & Company	107,000		4,996,900
Marsh & McLennan Companies, Inc.	253,000		8,035,280

Large Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
MetLife, Inc.	162,000	$	9,072,000
Progressive Corp.	439,000		7,638,600
Reinsurance Group of America, Inc. *	121,000		6,534,000
The Travelers Companies, Inc.	202,000		9,130,400
Torchmark Corp.	121,000		7,235,800
Unum Group	137,000		3,438,700
Wells Fargo & Company	17,000		638,010
			119,161,400
Industrial - 12.59%
AGCO Corp. *	93,000		3,962,730
Arrow Electronics, Inc. *	188,000		4,929,360
CSX Corp.	113,000		6,166,410
General Dynamics Corp.	120,000		8,834,400
General Electric Company	591,000		15,070,500
Jabil Circuit, Inc.	101,000		963,540
KLA-Tencor Corp.	177,000		5,602,050
Lockheed Martin Corp.	30,480		3,342,742
Northrop Grumman Corp.	133,000		8,051,820
Parker-Hannifin Corp.	48,000		2,544,000
Ryder Systems, Inc.	32,000		1,984,000
SPX Corp.	55,000		4,235,000
United Technologies Corp.	116,000		6,966,960
Waste Management, Inc.	235,000		7,400,150
			80,053,662
Technology - 9.06%
Agilent Technologies, Inc. *	75,000		2,224,500
BMC Software, Inc. *	57,665		1,650,949
Computer Sciences Corp. *	99,000		3,978,810
Compuware Corp. *	279,000		2,703,510
Hewlett-Packard Company	120,000		5,548,800
Intel Corp.	442,000		8,278,660
International Business Machines Corp.	52,000		6,081,920
Intersil Corp., Class A	291,000		4,824,780
L-3 Communications Holdings, Inc.	70,000		6,882,400
Novellus Systems, Inc. *	135,000		2,651,400
Oracle Corp. *	115,739		2,350,659
QLogic Corp. *	56,000		860,160
Raytheon Company	77,000		4,120,270
Western Digital Corp. *	119,000		2,537,080
Xerox Corp.	256,000		2,951,680
			57,645,578
Utilities - 1.04%
NRG Energy, Inc. *	266,000		6,583,500
TOTAL COMMON STOCKS (Cost $690,892,221)		$	636,464,880

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

250

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Large Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 0.12%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$769,027 on 10/01/2008,
collateralized by $785,000 Federal
Home Loan Mortgage Corp.,
4.15% due 01/29/2013 (valued at
$787,167, including interest)	$	769,000	$	769,000
TOTAL REPURCHASE AGREEMENTS
(Cost $769,000)			$	769,000
Total Investments (Large Cap Value Trust)
(Cost $691,661,221) - 100.18%			$	637,233,880
Liabilities in Excess of Other Assets - (0.18)%				(1,121,950)
TOTAL NET ASSETS - 100.00%			$	636,111,930
Lifestyle Aggressive Trust
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 100.01%
JOHN HANCOCK TRUST
Emerging Markets Value (DFA) (j)		1,270,751	$	12,237,330
International Equity Index B (SSgA) (j)		274,887		4,095,819
International Opportunities (Marsico) (j)		2,084,189		24,218,278
Overseas Equity (Capital Guardian) (j)		871,880		8,300,295
International Core (GMO) (j)		2,387,870		24,690,578
International Small Cap (Templeton) (j)		784,953		10,086,646
International Small Company (DFA) (j)		1,172,596		10,037,418
International Value (Templeton) (j)		2,109,203		25,563,537
Natural Resources (Wellington) (j)		510,309		10,236,807
All Cap Core (Deutsche) (j)		670,968		10,446,973
All Cap Value (Lord Abbett) (j)		1,235,757		8,390,788
Blue Chip Growth (T. Rowe Price) (j)		1,904,229		31,000,852
Capital Appreciation (Jennison) (j)		2,625,600		20,952,286
Core Equity (Legg Mason) (j)		1,496,147		12,403,059
Equity-Income (T. Rowe Price) (j)		649,752		8,583,230
Fundamental Value (Davis) (j)		1,529,898		20,087,560
Growth Equity (Rainier) (j)		1,260,914		12,571,309
Large Cap (UBS) (j)		721,648		8,450,501
Large Cap Value (BlackRock) (j)		716,962		12,776,266
Optimized Value (MFC Global U.S.A.) (j)(k)		1,289,076		12,723,182
U.S. Large Cap (Capital Guardian) (j)		687,647		8,451,181
U.S. Multi Sector (GMO) (j)		1,517,013		17,111,909
Value & Restructuring (Columbia) (j)		660,389		8,142,600
Mid Cap Index (MFC Global U.S.A.) (j)(k)		577,041		8,361,325
Mid Cap Intersection (Wellington) (j)		1,355,112		12,494,134
Mid Cap Stock (Wellington) (j)		705,999		8,295,494
Mid Cap Value (Lord Abbett) (j)		869,090		8,230,279
Mid Cap Value Equity (RiverSource) (j)		394,452		4,129,909
Vista (American Century) (j)		683,989		8,159,988
Emerging Growth (MFC Global U.S.) (j)(k)		557,106		4,144,866
Small Cap (Independence) (j)		651,057		6,106,915
Small Cap Growth (Wellington) (j)		273,859		2,231,951
Small Cap Index (MFC Global U.S.A.) (j)(k)		829,504		10,435,160
Small Cap Intrinsic Value (MFC Global U.S.) (j)(k)		1,095,437		8,226,734
Small Company (American Century) (j)		441,802		4,201,541

Lifestyle Aggressive Trust (continued)
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES (continued)
JOHN HANCOCK TRUST
Small Company Value (T. Rowe Price) (j)		476,067	$	8,312,123
TOTAL INVESTMENT COMPANIES (Cost $543,610,807)			$	414,888,823
Total Investments (Lifestyle Aggressive Trust)
(Cost $543,610,807) - 100.01%			$	414,888,823
Liabilities in Excess of Other Assets - (0.01)%				(24,896)
TOTAL NET ASSETS - 100.00%			$	414,863,927
Lifestyle Balanced Trust
		Shares or
		Principal
		Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
Floating Rate Income (WAMCO) (j)		12,095,447	$	146,113,001
Emerging Markets Value (DFA) (j)	21,662,536			208,610,221
Global Bond (PIMCO) (j)	12,796,863			181,459,522
High Income (MFC Global U.S.) (j)(k)	19,925,638			181,124,054
High Yield (WAMCO) (j)	103,489,399			855,857,333
U.S. High Yield Bond (Wells Capital) (j)	20,887,404			241,876,135
Active Bond (MFC Global U.S./Declaration) (j)(k)	21,530,203			190,757,599
Core Bond (Wells Capital) (j)	15,501,620			193,770,256
Total Return (PIMCO) (j)	36,124,367			477,925,378
International Opportunities (Marsico) (j)	14,557,133			169,153,887
International Core (GMO) (j)	24,703,495			255,434,139
International Small Cap (Templeton) (j)	6,532,398			83,941,318
International Small Company (DFA) (j)	9,751,866			83,475,972
International Value (Templeton) (j)	21,408,660			259,472,960
Spectrum Income (T. Rowe Price) (j)	38,746,487			487,043,336
Strategic Bond (WAMCO) (j)	20,195,211			193,672,074
Strategic Income (MFC Global U.S.) (j)(k)	15,009,040			194,817,334
Natural Resources (Wellington) (j)	7,646,184			153,382,459
Global Real Estate (Deutsche) (j)	29,511,220			277,405,465
Real Estate Equity (T. Rowe Price) (j)	9,367,163			95,732,409
Real Return Bond (PIMCO) (j)	29,041,734			365,054,595
500 Index (MFC Global U.S.A.) (j)(k)	28,823,650			288,524,735
All Cap Core (Deutsche) (j)	11,490,986			178,914,648
Blue Chip Growth (T. Rowe Price) (j)	43,417,737			706,840,758
Capital Appreciation (Jennison) (j)	11,259,065			89,847,340
Core Equity (Legg Mason) (j)	19,346,385			160,381,532
Equity-Income (T. Rowe Price) (j)	21,883,774			289,084,648
Fundamental Value (Davis) (j)	21,449,340			281,629,837
Growth Equity (Rainier) (j)	17,555,519			175,028,524
Large Cap (UBS) (j)	16,318,082			191,084,740
Large Cap Value (BlackRock) (j)	15,662,402			279,104,008
Optimized Value (MFC Global U.S.A.) (j)(k)	18,864,859			186,196,158
U.S. Large Cap (Capital Guardian) (j)	15,195,548			186,753,282
U.S. Multi Sector (GMO) (j)	25,906,560			292,226,002
Value & Restructuring (Columbia) (j)	13,483,265			166,248,655
Mid Cap Index (MFC Global U.S.A.) (j)(k)	6,130,716			88,834,075
Mid Cap Stock (Wellington) (j)	7,600,820			89,309,637
Small Company Growth (AIM) (j)	7,103,990			92,422,909

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

251

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Lifestyle Balanced Trust (continued)
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES (continued)
JOHN HANCOCK TRUST
Small Company Value (T. Rowe Price) (j)	8,170,150	$	142,650,826
TOTAL INVESTMENT COMPANIES (Cost $11,052,542,136)		$	9,181,161,761
Total Investments (Lifestyle Balanced Trust)
(Cost $11,052,542,136) - 100.00%		$	9,181,161,761
Liabilities in Excess of Other Assets - 0.00%			(58,093)
TOTAL NET ASSETS - 100.00%		$	9,181,103,668
Lifestyle Conservative Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
Floating Rate Income (WAMCO) (j)	4,733,778	$	57,184,041
Global Bond (PIMCO) (j)	6,049,088		85,776,061
High Income (MFC Global U.S.) (j)(k)	2,618,623		23,803,286
High Yield (WAMCO) (j)	6,914,636		57,184,041
U.S. High Yield Bond (Wells Capital) (j)	4,146,012		48,010,817
Active Bond (MFC Global U.S./Declaration) (j)(k)	14,744,877		130,639,613
Core Bond (Wells Capital) (j)	2,291,674		28,645,928
Total Bond Market A (Declaration) (j)(k)	2,896,215		37,592,867
Total Return (PIMCO) (j)	14,734,011		194,930,972
International Core (GMO) (j)	2,787,837		28,826,234
International Value (Templeton) (j)	2,401,099		29,101,317
Investment Quality Bond (Wellington) (j)	6,661,105		71,939,934
Spectrum Income (T. Rowe Price) (j)	10,235,807		128,664,093
Strategic Bond (WAMCO) (j)	5,962,882		57,184,041
Strategic Income (MFC Global U.S.) (j)(k)	4,411,517		57,261,488
Global Real Estate (Deutsche) (j)	6,332,864		59,528,924
Real Estate Equity (T. Rowe Price) (j)	1,458,785		14,908,787
U.S. Government Securities (WAMCO) (j)	10,396,575		128,709,594
Real Return Bond (PIMCO) (j)	3,411,936		42,888,031
Blue Chip Growth (T. Rowe Price) (j)	1,826,078		29,728,555
Equity-Income (T. Rowe Price) (j)	3,369,376		44,509,459
Fundamental Value (Davis) (j)	3,404,615		44,702,596
U.S. Multi Sector (GMO) (j)	1,309,792		14,774,449
Value & Restructuring (Columbia) (j)	2,417,559		29,808,499
TOTAL INVESTMENT COMPANIES (Cost $1,580,207,978)		$	1,446,303,627
Total Investments (Lifestyle Conservative Trust)
(Cost $1,580,207,978) - 100.00%		$	1,446,303,627
Liabilities in Excess of Other Assets - 0.00%			(16,012)
TOTAL NET ASSETS - 100.00%		$	1,446,287,615
Lifestyle Growth Trust
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
Floating Rate Income (WAMCO) (j)	20,929,784	$	252,831,795

Lifestyle Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
INVESTMENT COMPANIES (continued)
JOHN HANCOCK TRUST
Emerging Markets Value (DFA) (j)	22,424,058	$	215,943,675
Global Bond (PIMCO) (j)	8,739,859		123,931,201
High Income (MFC Global U.S.) (j)(k)	13,180,731		119,812,844
High Yield (WAMCO) (j)	60,846,278		503,198,723
U.S. High Yield Bond (Wells Capital) (j)	10,907,437		126,308,125
Total Return (PIMCO) (j)	37,494,551		496,052,909
International Opportunities (Marsico) (j)	37,161,938		431,821,716
Overseas Equity (Capital Guardian) (j)	23,368,584		222,468,920
International Core (GMO) (j)	42,330,888		437,701,377
International Small Cap (Templeton) (j)	8,432,994		108,363,970
International Small Company (DFA) (j)	24,993,498		213,944,346
International Value (Templeton) (j)	37,224,079		451,155,843
Spectrum Income (T. Rowe Price) (j)	20,214,829		254,100,399
Strategic Bond (WAMCO) (j)	13,105,288		125,679,713
Strategic Income (MFC Global U.S.) (j)(k)	9,773,606		126,861,403
Natural Resources (Wellington) (j)	9,981,168		200,222,231
Global Real Estate (Deutsche) (j)	26,009,022		244,484,805
Real Estate Equity (T. Rowe Price) (j)	12,478,754		127,532,861
Real Return Bond (PIMCO) (j)	28,355,016		356,422,553
500 Index (MFC Global U.S.A.) (j)(k)	25,438,538		254,639,761
All Cap Core (Deutsche) (j)	33,616,359		523,406,711
All Cap Growth (AIM) (j)	7,593,183		111,923,522
Blue Chip Growth (T. Rowe Price) (j)	45,947,520		748,025,628
Capital Appreciation (Jennison) (j)	73,227,649		584,356,639
Core Equity (Legg Mason) (j)	25,362,701		210,256,792
Equity-Income (T. Rowe Price) (j)	28,810,043		380,580,665
Fundamental Value (Davis) (j)	56,000,237		735,283,105
Growth Equity (Rainier) (j)	22,863,201		227,946,118
Large Cap (UBS) (j)	10,721,838		125,552,726
Large Cap Value (BlackRock) (j)	13,594,780		242,258,980
Optimized Value (MFC Global U.S.A.) (j)(k)	49,220,624		485,807,556
U.S. Large Cap (Capital Guardian) (j)	19,841,313		243,849,737
U.S. Multi Sector (GMO) (j)	45,224,419		510,131,445
Value & Restructuring (Columbia) (j)	17,347,255		213,891,656
Mid Cap Index (MFC Global U.S.A.) (j)(k)	4,013,099		58,149,798
Mid Cap Intersection (Wellington) (j)	17,860,188		164,670,932
Mid Cap Stock (Wellington) (j)	14,455,445		169,851,473
Mid Cap Value (Lord Abbett) (j)	6,071,778		57,499,735
Mid Cap Value Equity (RiverSource) (j)	5,383,007		56,360,085
Vista (American Century) (j)	4,509,428		53,797,478
Small Cap (Independence) (j)	3,107,608		29,149,362
Small Cap Growth (Wellington) (j)	3,912,051		31,883,215
Small Cap Intrinsic Value (MFC Global U.S.) (j)(k)	7,124,329		53,503,713
Small Cap Opportunities (Munder) (j)	7,600,729		117,811,305
Small Company Growth (AIM) (j)	4,590,266		59,719,361
Small Company Value (T. Rowe Price) (j)	10,875,291		189,882,588
TOTAL INVESTMENT COMPANIES (Cost $14,705,020,478)		$ 11,779,029,495
Total Investments (Lifestyle Growth Trust)
(Cost $14,705,020,478) - 100.00%		$ 11,779,029,495
Liabilities in Excess of Other Assets - 0.00%			(66,942)
TOTAL NET ASSETS - 100.00%		$ 11,778,962,553

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

252

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Lifestyle Moderate Trust
	Shares or
	Principal
	Amount			Value
INVESTMENT COMPANIES - 100.00%
JOHN HANCOCK TRUST
Floating Rate Income (WAMCO) (j)	5,926,052		$	71,586,705
Global Bond (PIMCO) (j)	6,515,387			92,388,186
High Income (MFC Global U.S.) (j)(k)	9,576,708			87,052,278
High Yield (WAMCO) (j)	13,792,744			114,065,995
U.S. High Yield Bond (Wells Capital) (j)	8,547,371			98,978,551
Active Bond (MFC Global U.S./Declaration) (j)(k)	21,660,633			191,913,207
Core Bond (Wells Capital) (j)	3,946,331			49,329,140
Total Bond Market A (Declaration) (j)(k)	739,200			9,594,816
Total Return (PIMCO) (j)	19,804,631			262,015,269
International Equity Index B (SSgA) (j)	1,531,087			22,813,199
International Opportunities (Marsico) (j)	3,926,540			45,626,398
Overseas Equity (Capital Guardian) (j)	2,396,344			22,813,199
International Core (GMO) (j)	8,825,222			91,252,796
International Value (Templeton) (j)	5,646,831			68,439,597
Investment Quality Bond (Wellington) (j)	4,556,315			49,208,201
Spectrum Income (T. Rowe Price) (j)	15,669,780			196,969,136
Strategic Bond (WAMCO) (j)	7,333,109			70,324,513
Strategic Income (MFC Global U.S.) (j)(k)	5,700,653			73,994,476
Global Real Estate (Deutsche) (j)	4,979,853			46,810,615
Real Estate Equity (T. Rowe Price) (j)	2,415,609			24,687,519
Real Return Bond (PIMCO) (j)	5,500,182			69,137,291
500 Index (MFC Global U.S.A.) (j)(k)	9,111,035			91,201,464
Blue Chip Growth (T. Rowe Price) (j)	7,006,511			114,065,995
Core Equity (Legg Mason) (j)	3,090,510			25,620,329
Equity-Income (T. Rowe Price) (j)	3,646,464			48,169,795
Fundamental Value (Davis) (j)	7,335,330			96,312,877
U.S. Multi Sector (GMO) (j)	6,531,545			73,675,822
Value & Restructuring (Columbia) (j)	3,700,438			45,626,398
Mid Cap Index (MFC Global U.S.A.) (j)(k)	3,148,820			45,626,398
Small Company (American Century) (j)	2,402,509			22,847,860
Small Company Growth (AIM) (j)	1,793,345			23,331,414
Small Company Value (T. Rowe Price) (j)	1,372,931			23,971,371
TOTAL INVESTMENT COMPANIES (Cost $2,702,566,725)			$	2,369,450,810
Total Investments (Lifestyle Moderate Trust)
(Cost $2,702,566,725) - 100.00%			$	2,369,450,810
Liabilities in Excess of Other Assets - 0.00%				(24,403)
TOTAL NET ASSETS - 100.00%			$	2,369,426,407
Managed Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 57.15%
Basic Materials - 1.91%
Air Products & Chemicals, Inc.	4,400		$	301,356
Barrick Gold Corp.	79,900			2,935,526
Biogen Idec, Inc. *	35,800			1,800,382
Domtar Corp. *	90,288			415,325
Dow Chemical Company	5,800			184,324
Ecolab, Inc.	1,500			72,780
Eli Lilly & Company	131,700			5,798,751
FMC Corp.	3,700			190,143

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
Freeport-McMoRan Copper & Gold, Inc.,
Class B	1,500 $	$	85,275
Monsanto Company	60,280		5,966,514
Nucor Corp.	35,900		1,418,050
Praxair, Inc.	14,200		1,018,708
Reliance Steel & Aluminum Company	3,100		117,707
Sigma-Aldrich Corp.	8,900		466,538
			20,771,379
Communications - 4.16%
Amazon.com, Inc. *	9,700		705,772
AT&T, Inc.	84,942		2,371,581
CBS Corp., Class B	72,800		1,061,424
Cisco Systems, Inc. *	448,700		10,122,672
Crown Castle International Corp. *	1,800		52,146
DIRECTV Group, Inc. *	7,700		201,509
eBay, Inc. *	189,000		4,229,820
Gannett Company, Inc.	40,500		684,855
Google, Inc., Class A *	16,450		6,588,554
Juniper Networks, Inc. *	16,000		337,120
Liberty Media Holding Corp.-Interactive A *	86,700		1,119,297
Priceline.com, Inc. *	680		46,532
QUALCOMM, Inc.	349,200		15,005,124
VeriSign, Inc. *	7,700		200,816
Verizon Communications, Inc.	82,800		2,657,052
			45,384,274
Consumer, Cyclical - 6.32%
Abercrombie & Fitch Company, Class A	14,500		572,025
Advance Auto Parts, Inc.	4,900		194,334
American Eagle Outfitters, Inc.	9,700		147,925
AutoNation, Inc. *	26,100		293,364
AutoZone, Inc. *	6,800		838,712
Bed Bath & Beyond, Inc. *	35,900		1,127,619
Best Buy Company, Inc.	17,300		648,750
Coach, Inc. *	24,900		623,496
Copart, Inc. *	8,100		307,800
Costco Wholesale Corp.	27,900		1,811,547
Family Dollar Stores, Inc.	8,800		208,560
Fastenal Company	1,400		69,146
GameStop Corp., Class A *	9,000		307,890
General Motors Corp.	18,000		170,100
Harley-Davidson, Inc.	34,900		1,301,770
Hasbro, Inc.	1,800		62,496
Home Depot, Inc.	462,800		11,981,892
Johnson Controls, Inc.	8,300		251,739
Kohl's Corp. *	24,600		1,133,568
Lowe's Companies, Inc.	196,900		4,664,561
McDonald's Corp.	23,900		1,474,630
Mohawk Industries, Inc. *	2,000		134,780
NIKE, Inc., Class B	6,000		401,400
Office Depot, Inc. *	76,800		446,976
PACCAR, Inc.	15,375		587,171
Ross Stores, Inc.	3,500		128,835
Staples, Inc.	78,600		1,768,500
Target Corp.	49,300		2,418,165
The Gap, Inc.	35,200		625,856

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

253

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
The TJX Companies, Inc.	31,600	$	964,432
Urban Outfitters, Inc. *	10,900		347,383
Walgreen Company	174,300		5,396,328
Wal-Mart Stores, Inc.	456,600		27,345,774
Yum! Brands, Inc.	1,900		61,959
			68,819,483
Consumer, Non-cyclical - 20.78%
Abbott Laboratories	73,400		4,226,372
Altria Group, Inc.	262,800		5,213,952
AmerisourceBergen Corp.	31,700		1,193,505
Amgen, Inc. *	60,000		3,556,200
Apollo Group, Inc., Class A *	12,500		741,250
Archer-Daniels-Midland Company	42,400		928,984
Avon Products, Inc.	17,100		710,847
Baxter International, Inc.	3,200		210,016
Becton, Dickinson & Company	6,000		481,560
BioMarin Pharmaceutical, Inc. *	4,200		111,258
C.R. Bard, Inc.	3,900		369,993
Cardinal Health, Inc.	38,900		1,916,992
Church & Dwight, Inc.	1,100		68,299
Coca-Cola Enterprises, Inc.	14,400		241,488
Colgate-Palmolive Company	70,500		5,312,175
Covance, Inc. *	5,400		477,414
Coventry Health Care, Inc. *	58,300		1,897,665
Covidien, Ltd.	1,200		64,512
DENTSPLY International, Inc.	5,600		210,224
Edwards Lifesciences Corp. *	1,100		63,536
Estee Lauder Companies, Inc., Class A	13,900		693,749
Express Scripts, Inc. *	57,200		4,222,504
Forest Laboratories, Inc. *	90,700		2,564,996
FTI Consulting, Inc. *	900		65,016
Genentech, Inc. *	9,900		877,932
General Mills, Inc.	15,000		1,030,800
Genzyme Corp. *	6,900		558,141
Gilead Sciences, Inc. *	132,400		6,034,792
H & R Block, Inc.	2,600		59,150
H.J. Heinz Company	8,000		399,760
Hewitt Associates, Inc., Class A *	1,800		65,592
Hormel Foods Corp.	1,800		65,304
Illumina, Inc. *	6,800		275,604
Intuitive Surgical, Inc. *	2,940		708,481
Invitrogen Corp. *	8,600		325,080
ITT Educational Services, Inc. *	4,100		331,731
Johnson & Johnson	438,100		30,351,568
Kellogg Company	8,400		471,240
Kimberly-Clark Corp.	38,800		2,515,792
King Pharmaceuticals, Inc. *	15,100		144,658
Kraft Foods, Inc., Class A	24,336		797,004
Manpower, Inc.	3,300		142,428
McCormick & Company, Inc.	1,900		73,055
McKesson Corp.	82,900		4,460,849
Medco Health Solutions, Inc. *	23,000		1,035,000
Medtronic, Inc.	71,800		3,597,180
Merck & Company, Inc.	198,000		6,248,880
Patterson Companies, Inc. *	6,300		191,583
PDL BioPharma, Inc. *	96,200		895,622

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Pepsi Bottling Group, Inc.	2,300	$	67,091
PepsiCo, Inc.	273,500		19,492,345
Perrigo Company	4,000		153,840
Pfizer, Inc.	1,395,100		25,725,644
Philip Morris International, Inc.	113,000		5,435,300
Procter & Gamble Company	231,700		16,147,173
Quest Diagnostics, Inc.	6,900		356,523
Stryker Corp.	37,300		2,323,790
SUPERVALU, Inc.	8,608		186,794
The Coca-Cola Company	381,100		20,152,568
Tyson Foods, Inc., Class A	4,000		47,760
UnitedHealth Group, Inc.	703,622		17,864,962
UST, Inc.	15,700		1,044,678
Varian Medical Systems, Inc. *	10,400		594,152
WellPoint, Inc. *	128,900		6,028,653
Western Union Company	47,100		1,161,957
William Wrigley, Jr. Company	12,900		1,024,260
Wyeth	103,200		3,812,208
Zimmer Holdings, Inc. *	117,900		7,611,624
			226,431,055
Diversified - 0.07%
Leucadia National Corp.	17,700		804,288
Energy - 11.30%
Anadarko Petroleum Corp.	43,200		2,095,632
Apache Corp.	49,100		5,120,148
Baker Hughes, Inc.	6,900		417,726
BJ Services Company	24,000		459,120
Cabot Oil & Gas Corp.	3,100		112,034
Cameron International Corp. *	7,800		300,612
Chesapeake Energy Corp.	51,800		1,857,548
Chevron Corp.	327,600		27,020,448
Cimarex Energy Company	3,600		176,076
Comstock Resources, Inc. *	800		40,040
ConocoPhillips	159,552		11,687,184
Denbury Resources, Inc. *	15,400		293,216
Devon Energy Corp.	38,400		3,502,080
Diamond Offshore Drilling, Inc.	6,020		620,421
Encore Aquisition Company *	900		37,602
ENSCO International, Inc.	3,500		201,705
EOG Resources, Inc.	24,610		2,201,611
EXCO Resources, Inc. *	2,700		44,064
Exxon Mobil Corp.	508,600		39,497,876
Forest Oil Corp. *	2,400		119,040
Foundation Coal Holdings, Inc.	800		28,464
Halliburton Company	33,000		1,068,870
Helmerich & Payne, Inc.	4,200		181,398
Hess Corp.	30,710		2,520,677
Murphy Oil Corp.	18,600		1,193,004
Nabors Industries, Ltd. *	26,000		647,920
National Fuel Gas Company	1,400		59,052
National Oilwell Varco, Inc. *	800		40,184
Newfield Exploration Company *	7,200		230,328
Noble Corp.	10,300		452,170
Noble Energy, Inc.	10,500		583,695
Occidental Petroleum Corp.	150,200		10,581,590

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

254

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Patterson-UTI Energy, Inc.	12,800	$	256,256
Pioneer Natural Resources Company	4,600		240,488
Plains Exploration & Production Company *	3,400		119,544
Quicksilver Resources, Inc. *	9,000		176,670
Range Resources Corp.	7,000		300,090
Schlumberger, Ltd.	13,660		1,066,709
Smith International, Inc.	6,500		381,160
Southwestern Energy Company *	33,600		1,026,144
Spectra Energy Corp.	2,600		61,880
St. Mary Land & Exploration Company	1,700		60,605
Sunoco, Inc.	6,600		234,828
Transocean, Inc. *	18,294		2,009,413
Unit Corp. *	1,100		54,802
Valero Energy Corp.	56,500		1,711,950
W&T Offshore, Inc.	1,200		32,748
Weatherford International, Ltd. *	36,600		920,124
Whiting Petroleum Corp. *	3,500		249,410
XTO Energy, Inc.	19,300		897,836
			123,192,192
Financial - 4.11%
Aetna, Inc.	6,100		220,271
AFLAC, Inc.	45,500		2,673,125
Allstate Corp.	94,400		4,353,728
American International Group, Inc.	165,500		551,115
Aon Corp.	5,200		233,792
Assurant, Inc.	8,300		456,500
Bank of America Corp.	226,284		7,919,940
BB&T Corp.	37,900		1,432,620
BlackRock, Inc.	6,670		1,297,315
Charles Schwab Corp.	15,200		395,200
Chubb Corp.	84,700		4,650,030
Citigroup, Inc.	403,800		8,281,938
Comerica, Inc.	11,000		360,690
Federal Home Loan Mortgage Corp.	27,700		47,367
Fifth Third Bancorp	7,400		88,060
First American Corp.	6,200		182,900
Goldman Sachs Group, Inc.	800		102,400
Hartford Financial Services Group, Inc.	17,000		696,830
Hudson City Bancorp, Inc.	63,500		1,171,575
Humana, Inc. *	1,500		61,800
Marsh & McLennan Companies, Inc.	5,300		168,328
Marshall & Ilsley Corp.	4,400		88,660
MetLife, Inc.	4,800		268,800
Morgan Stanley	7,200		165,600
Nasdaq Stock Market, Inc. *	2,400		73,368
Northern Trust Corp.	800		57,760
Old Republic International Corp.	4,900		62,475
Progressive Corp.	59,400		1,033,560
State Street Corp.	9,400		534,672
T. Rowe Price Group, Inc.	3,700		198,727
The Travelers Companies, Inc.	90,600		4,095,120
Torchmark Corp.	7,900		472,420
U.S. Bancorp	53,400		1,923,468
Unum Group	3,700		92,870
W.R. Berkley Corp.	14,700		346,185

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Wells Fargo & Company	2,100	$	78,813
			44,838,022
Industrial - 2.80%
3M Company	57,300		3,914,163
Amphenol Corp., Class A	2,900		116,406
Applied Biosystems, Inc.	2,100		71,925
Burlington Northern Santa Fe Corp.	9,720		898,420
C.H. Robinson Worldwide, Inc.	31,600		1,610,336
CSX Corp.	20,900		1,140,513
Danaher Corp.	33,100		2,297,140
Deere & Company	41,000		2,029,500
Emerson Electric Company	19,200		783,168
Energizer Holdings, Inc. *	4,700		378,585
FLIR Systems, Inc. *	7,200		276,624
Flowserve Corp.	4,500		399,465
Fluor Corp.	13,800		768,660
FMC Technologies, Inc. *	10,100		470,155
General Dynamics Corp.	64,700		4,763,214
Harsco Corp.	1,200		44,628
J.B. Hunt Transport Services, Inc.	1,800		60,066
Jacobs Engineering Group, Inc. *	8,800		477,928
Joy Global, Inc.	3,400		153,476
Lockheed Martin Corp.	2,100		230,307
Manitowoc Company, Inc.	2,200		34,210
Masco Corp.	12,200		218,868
Norfolk Southern Corp.	5,400		357,534
Northrop Grumman Corp.	1,900		115,026
Owens-Illinois, Inc. *	8,800		258,720
Parker-Hannifin Corp.	12,300		651,900
Rockwell Collins, Inc.	5,000		240,450
Ryder Systems, Inc.	4,000		248,000
SPX Corp.	2,600		200,200
Stericycle, Inc. *	2,800		164,948
Textron, Inc.	13,200		386,496
Tyco International, Ltd.	32,800		1,148,656
Union Pacific Corp.	6,800		483,888
United Parcel Service, Inc., Class B	22,500		1,415,025
United Technologies Corp.	59,000		3,543,540
Waters Corp. *	2,700		157,086
			30,509,226
Technology - 5.59%
Affiliated Computer Services, Inc., Class A *	23,200		1,174,616
Apple, Inc. *	33,970		3,861,030
BMC Software, Inc. *	5,900		168,917
Citrix Systems, Inc. *	16,700		421,842
Dell, Inc. *	90,300		1,488,144
EMC Corp. *	16,500		197,340
Fiserv, Inc. *	29,800		1,410,136
Hewlett-Packard Company	20,800		961,792
Intel Corp.	45,700		855,961
International Business Machines Corp.	39,010		4,562,610
Intuit, Inc. *	2,600		82,186
L-3 Communications Holdings, Inc.	19,000		1,868,080
Lexmark International, Inc. *	4,300		140,051
LSI Logic Corp. *	10,100		54,136

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

255

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
MasterCard, Inc., Class A	8,890	$	1,576,464
Microsoft Corp.	1,078,500		28,785,165
NetApp, Inc. *	2,700		49,221
Oracle Corp. *	550,200		11,174,562
Raytheon Company	10,300		551,153
Red Hat, Inc. *	3,200		48,224
Salesforce.com, Inc. *	3,200		154,880
SEI Investments Company	8,000		177,600
Total Systems Services, Inc.	11,700		191,880
VeriFone Holdings, Inc. *	15,300		253,062
Western Digital Corp. *	29,100		620,412
Xilinx, Inc.	2,600		60,970
			60,890,434
Utilities - 0.11%
Energen Corp.	1,200		54,336
Exelon Corp.	4,100		256,742
FirstEnergy Corp.	10,000		669,900
Teco Energy, Inc.	7,700		121,121
The Southern Company	3,700		139,453
			1,241,552
TOTAL COMMON STOCKS (Cost $718,321,942)		$	622,881,905
U.S. TREASURY OBLIGATIONS - 4.44%
U.S. Treasury Bonds - 1.42%
4.375% due 02/15/2038	15,315,000		15,510,021
U.S. Treasury Notes - 3.02%
2.00% due 02/28/2010	263,000		263,206
3.125% due 09/30/2013	8,080,000		8,135,550
4.00% due 08/15/2018	22,316,000		22,633,311
4.625% due 07/31/2009	1,145,000		1,171,031
4.875% due 06/30/2009	665,000		680,014
			32,883,112
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $48,078,532)		$	48,393,133
U.S. GOVERNMENT AGENCY OBLIGATIONS - 14.57%
Federal Home Loan Bank - 0.05%
4.50% due 11/15/2012	500,000		511,277
Federal Home Loan Mortgage Corp. - 0.81%
4.636% due 07/01/2035 (b)	1,018,031		1,015,100
5.00% due 07/15/2014	270,000		280,752
5.00% TBA **	4,040,000		3,935,211
6.00% due 08/01/2017	100,962		104,252
6.50% due 03/01/2017	42,303		43,656
6.50% TBA **	3,350,000		3,434,795
			8,813,766
Federal National Mortgage
Association - 13.61%
4.375% due 03/15/2013	4,250,000		4,331,107
4.50% due 10/01/2018	2,517,205		2,480,332
4.50% TBA **	14,430,000		14,046,703
5.00% due 12/01/2034 to 07/01/2035	12,276,682		11,982,222
5.00% TBA **	15,520,000		15,396,324
5.07% due 07/01/2033 (b)	29,212		29,284

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
5.50% due 07/01/2017 to 12/01/2034	$	18,678,008	$	18,692,335
5.50% TBA **		19,640,000		19,669,349
6.00% due 07/01/2016 to 03/01/2036		21,140,040		21,483,096
6.00% TBA **		20,322,000		20,625,714
6.25% due 05/15/2029		875,000		1,007,380
6.50% due 02/01/2036		359,784		369,552
6.50% TBA **		13,034,000		13,415,493
7.00% due 12/01/2012 to 10/25/2041		1,840,453		1,894,978
7.00% TBA **		2,735,000		2,857,222
7.50% due 11/01/2030 to 07/01/2031		72,414		77,512
				148,358,603
Government National Mortgage
Association - 0.10%
5.00% due 01/15/2035 to 04/15/2035		721,990		709,108
5.50% due 03/15/2035		371,186		371,868
				1,080,976
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $159,290,293)			$	158,764,622
FOREIGN GOVERNMENT OBLIGATIONS - 0.03%
Mexico - 0.01%
Government of Mexico
9.875% due 02/01/2010		95,000		102,363
Peru - 0.02%
Republic of Peru
7.35% due 07/21/2025		250,000		248,750
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $355,355)			$	351,113
CORPORATE BONDS - 10.06%
Basic Materials - 0.09%
Alcan, Inc.
5.00% due 06/01/2015		590,000		543,611
ArcelorMittal
6.125% due 06/01/2018 (g)		160,000		141,778
ICI Wilmington, Inc.
4.375% due 12/01/2008		235,000		234,576
				919,965
Communications - 1.24%
American Tower Corp.
7.50% due 05/01/2012		170,000		167,450
AT&T, Inc.
6.30% due 01/15/2038		735,000		608,727
British Telecommunications PLC
5.95% due 01/15/2018		605,000		536,520
Citizens Communications Company
9.00% due 08/15/2031		1,100,000		841,500
Cox Communications, Inc., Class A
4.625% due 06/01/2013		757,000		699,781
Deutsche Telekom International Finance BV
8.75 due 06/15/2030		510,000		493,201
Embarq Corp.
8.00% due 06/01/2036		1,000,000		715,110

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

256

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
France Telecom SA
8.50% due 03/01/2031	$	1,280,000	$	1,388,668
News America Holdings, Inc.
6.75% due 01/09/2038		30,000		29,201
News America, Inc.
6.65% due 11/15/2037		612,000		513,299
Rogers Wireless, Inc.
9.625% due 05/01/2011		140,000		150,026
SBC Communications, Inc.
5.10% due 09/15/2014		40,000		37,412
5.625% due 06/15/2016		550,000		509,360
Singapore Telecommunications, Ltd.
6.375% due 12/01/2011 (g)		75,000		77,347
Sprint Capital Corp.
8.375% due 03/15/2012		1,138,000		1,024,200
8.75% due 03/15/2032		850,000		663,000
Telecom Italia Capital SA
4.00% due 01/15/2010		150,000		145,649
Time Warner Entertainment Company LP
8.375% due 07/15/2033		600,000		570,394
Time Warner, Inc.
5.875% due 11/15/2016		1,000,000		878,880
7.625% due 04/15/2031		130,000		112,887
Verizon Communications, Inc.
7.375% due 09/01/2012		618,000		637,949
Verizon of New York, Inc., Series A
6.875% due 04/01/2012		1,133,000		1,132,955
Viacom, Inc.
6.25% due 04/30/2016		975,000		878,095
6.875% due 04/30/2036		530,000		424,890
Vimpelcom
8.375% due 04/30/2013 (g)		400,000		318,027
				13,554,528
Consumer, Cyclical - 0.14%
CVS Caremark Corp.
6.302% due 06/01/2037 (b)		1,000,000		798,506
Mohegan Tribal Gaming Authority
6.375% due 07/15/2009		135,000		128,250
Yum! Brands, Inc.
6.25% due 03/15/2018		605,000		560,976
				1,487,732
Consumer, Non-cyclical - 0.69%
Anheuser-Busch Companies, Inc.
6.50% due 02/01/2043		1,232,000		996,109
Coventry Health Care, Inc.
5.875% due 01/15/2012		1,483,000		1,428,567
General Mills, Inc.
5.70% due 02/15/2017		475,000		460,238
Hospira, Inc.
5.90% due 06/15/2014		110,000		110,928
Nabisco, Inc.
7.55% due 06/15/2015		500,000		512,814
Schering Plough Corp.
5.55% due 12/01/2013		630,000		609,233
Smithfield Foods, Inc.
7.00% due 08/01/2011		1,483,000		1,290,210
Tesco PLC
6.15% due 11/15/2037 (g)		845,000		693,830

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016	$	475,000	$	441,514
6.15% due 02/01/2036		475,000		415,796
UnitedHealth Group, Inc.
5.375% due 03/15/2016		650,000		577,437
				7,536,676
Energy - 1.19%
CenterPoint Energy Resources Corp.
7.875% due 04/01/2013		690,000		708,250
CNOOC Finance
5.50% due 05/21/2033 (g)		896,000		746,655
Duke Energy Field Services LLC
6.45% due 11/03/2036 (g)		1,020,000		815,908
Enbridge Energy Partners L.P., Series B
4.75% due 06/01/2013		1,140,000		1,063,989
GS Caltex Corp.
5.50% due 08/25/2014 (g)		778,000		697,159
Kinder Morgan Energy Partners LP
5.80% due 03/15/2035		660,000		491,536
7.30% due 08/15/2033		986,000		900,045
Nexen, Inc.
5.875% due 03/10/2035		993,000		743,500
Pemex Project Funding Master Trust
4.1188% due 06/15/2010 (b)(g)		200,000		196,760
7.375% due 12/15/2014		500,000		524,690
Premcor Refining Group, Inc.
7.50% due 06/15/2015		170,000		162,060
Talisman Energy, Inc.
6.25% due 02/01/2038		2,015,000		1,565,008
TEPPCO Partners, L.P.
6.125% due 02/01/2013		872,000		885,287
Texas Gas Transmission Corp.
4.60% due 06/01/2015		1,860,000		1,691,873
Valero Logistics Operations LP
6.05% due 03/15/2013		1,875,000		1,815,422
				13,008,142
Financial - 5.15%
Allied Capital Corp.
6.625% due 07/15/2011		625,000		608,599
Allied World Assurance Holdings, Ltd.
7.50% due 08/01/2016		600,000		529,386
American Express Bank FSB, BKNT
6.00% due 09/13/2017		1,245,000		1,039,772
AON Capital Trust A
8.205% due 01/01/2027		1,420,000		1,189,366
Assurant, Inc.
6.75% due 02/15/2034		1,965,000		1,644,414
AXA Financial, Inc.
7.75% due 08/01/2010		712,000		730,126
BAC Capital Trust XIII
3.2188% due 03/15/2043 (b)		945,000		661,203
BAC Capital Trust XV
3.61% due 06/01/2056 (b)		1,600,000		1,279,560
Capmark Financial Group, Inc.
5.875% due 05/10/2012		1,860,000		927,199
Chuo Mitsui Trust & Banking Company
5.506% due 12/29/2049 (b)(g)		150,000		111,856

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

257

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Citigroup, Inc.
5.625% due 08/27/2012	$	1,260,000	$	1,086,042
6.125% due 11/21/2017		995,000		843,238
Colonial Properties Trust
6.25% due 06/15/2014		1,380,000		1,259,087
Developers Diversified Realty Corp.
4.625% due 08/01/2010		125,000		119,888
Dresdner Bank-New York
7.25% due 09/15/2015		930,000		910,870
Duke Realty LP
5.95% due 02/15/2017		640,000		572,901
Endurance Specialty Holdings, Ltd.
7.00% due 07/15/2034		870,000		636,203
ERP Operating LP
4.75% due 06/15/2009		190,000		186,525
Financial Security Assurance Holdings, Ltd.
6.40% due 12/15/2066 (b)(g)		1,745,000		779,074
Foundation Re II, Ltd.
9.5569% due 11/26/2010 (b)(g)		350,000		346,066
Fund American Companies, Inc.
5.875% due 05/15/2013		1,113,000		825,430
Hartford Financial Services Group, Inc.
4.625% due 07/15/2013		696,000		636,342
HBOS PLC
5.375% due 12/29/2049 (b)(g)		190,000		117,547
Health Care Property Investors, Inc.
6.30% due 09/15/2016		1,690,000		1,388,100
6.45% due 06/25/2012		648,000		607,654
Health Care, Inc.
6.00% due 11/15/2013		523,000		478,388
6.20% due 06/01/2016		985,000		866,371
Hospitality Properties Trust
6.75% due 02/15/2013		2,100,000		1,915,049
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)		80,000		44,373
International Lease Finance Corp.
5.875% due 05/01/2013		1,317,000		833,112
JPMorgan Chase & Company
6.75% due 02/01/2011		1,000,000		1,003,347
JPMorgan Chase Capital XXIII
3.8044% due 05/15/2047 (b)		1,605,000		860,803
Landsbanki Islands HF
7.431% due 12/31/2049 (b)(g)		1,235,000		682,603
Lehman Brothers Holdings, Inc., MTN
1.00% due 01/26/2017 ^ (b)		1,405,000		175,625
Liberty Mutual Group, Inc.
6.50% due 03/15/2035 (g)		1,140,000		827,699
7.50% due 08/15/2036 (g)		1,090,000		860,244
Lincoln National Corp.
6.05% due 04/20/2067 (b)		505,000		333,300
7.00% due 05/17/2066 (b)		505,000		385,106
Markel Corp.
6.80% due 02/15/2013		945,000		983,641
MBNA Capital, Series B
3.6006% due 02/01/2027 (b)		325,000		264,667
Merna Reinsurance, Ltd., Series B
5.1188% due 12/31/2010 (b)(g)		1,000,000		956,200
Merrill Lynch & Company, Inc.
3.3412% due 05/02/2017 (b)		1,000,000		812,834

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Morgan Stanley
3.235% due 10/18/2016 (b)	$	1,040,000	$	677,950
Mystic Re, Ltd.
8.9443% due 12/05/2008 (b)(g)		530,000		529,841
North Front Pass-Through Trust
5.81% due 12/15/2024 (b)(g)		250,000		225,588
Oil Casualty Insurance, Ltd.
8.00% due 09/15/2034 (g)		2,873,000		2,640,092
Osiris Capital PLC, Series C
5.6406% due 01/15/2010 (b)(g)		1,960,000		1,942,968
Osiris Capital PLC, Series D
7.7906% due 01/15/2010 (b)(g)		765,000		768,093
PartnerRe Finance II
6.44% due 12/01/2066 (b)		1,600,000		1,156,355
PNC Funding Corp.
2.9388% due 01/31/2012 (b)		1,300,000		1,229,043
ProLogis
5.625% due 11/15/2016		552,000		470,200
6.625% due 05/15/2018		1,000,000		858,866
RBS Capital Trust IV
4.5687% due 09/29/2049 (b)		320,000		238,782
Reliastar Financial Corp.
6.50% due 11/15/2008		160,000		160,347
Rouse Company LP
5.375% due 11/26/2013		1,135,000		692,350
6.75% due 05/01/2013 (g)		1,065,000		724,200
Schwab Capital Trust I
7.50% due 11/15/2037 (b)		675,000		557,206
Shinhan Bank
6.819% due 09/20/2036 (b)		1,090,000		864,710
Simon Property Group LP
5.75% due 12/01/2015		1,000,000		945,077
5.875% due 03/01/2017		885,000		782,267
6.10% due 05/01/2016		1,000,000		912,901
Skandinaviska Enskilda Banken AB
5.471% due 03/29/2049 (b)(g)		1,100,000		916,147
StanCorp Financial Group, Inc.
6.90% due 05/29/2067 (b)		1,575,000		1,326,347
Standard Chartered PLC
6.409% due 01/30/2017 (b)(g)		1,665,000		1,283,124
SunTrust Preferred Capital I
5.853% due 12/31/2049 (b)		1,680,000		924,000
Tate & Lyle International Finance PLC
5.00% due 11/15/2014 (g)		690,000		607,318
W.R. Berkley Corp.
6.15% due 08/15/2019		1,166,000		1,065,518
Westfield Capital Corp., Ltd.
4.375% due 11/15/2010 (g)		140,000		136,304
White Mountains Re Group, Ltd.
7.506% due 05/29/2049 (b)(g)		1,205,000		791,028
XL Capital, Ltd.
5.25% due 09/15/2014		860,000		743,874
XL Capital, Ltd., Series E
6.50% due 12/31/2049 (b)		1,000,000		590,000
				56,080,306
Industrial - 0.15%
BAE Systems Asset Trust
6.664% due 09/15/2013 (g)		352,527		345,175

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

258

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
BAE Systems Asset Trust (continued)
7.156% due 12/15/2011 (g)	$	163,198	$	164,283
Jabil Circuit, Inc.
5.875% due 07/15/2010		210,000		201,600
Parker Hannifin Corp., MTN
6.25% due 05/15/2038		1,000,000		967,235
				1,678,293
Utilities - 1.41%
AES Gener SA
7.50% due 03/25/2014		1,500,000		1,585,461
American Electric Power Company, Inc.
5.25% due 06/01/2015		930,000		852,546
Arizona Public Service Company
5.50% due 09/01/2035		860,000		609,471
CenterPoint Energy Houston Electric LLC, Series K2
6.95% due 03/15/2033		666,000		604,694
Commonwealth Edison Company
5.80% due 03/15/2018		600,000		549,834
Dominion Resources, Inc.
4.75% due 12/15/2010		835,000		830,917
5.70% due 09/17/2012		200,000		198,074
Enersis SA
7.375% due 01/15/2014		883,000		891,630
FirstEnergy Corp.
6.45% due 11/15/2011		702,000		705,349
Israel Electric Corp., Ltd.
7.25% due 01/15/2019 (g)		1,500,000		1,502,452
NiSource Finance Corp.
6.15% due 03/01/2013		912,000		882,746
7.875% due 11/15/2010		1,530,000		1,573,619
Pacific Gas & Electric Company
4.20% due 03/01/2011		250,000		244,250
PSEG Power LLC
5.00% due 04/01/2014		150,000		136,030
8.625% due 04/15/2031		50,000		54,074
Scottish Power PLC
4.91% due 03/15/2010		190,000		190,855
Southern Union Company
7.20% due 11/01/2066 (b)		970,000		712,376
SPI Electricity & Gas Australia Holdings Party, Ltd.
6.15% due 11/15/2013 (g)		1,166,000		1,152,055
Taqa Abu Dhabi National Energy Company
5.62% due 10/25/2012 (g)		500,000		484,904
TXU Electric Delivery Company
6.375% due 01/15/2015		1,695,000		1,535,517
United Energy Distribution Property, Ltd.
4.70% due 04/15/2011 (g)		90,000		92,301
				15,389,155
TOTAL CORPORATE BONDS (Cost $131,224,897)			$	109,654,797
MUNICIPAL BONDS - 0.15%
District of Columbia - 0.15%
George Washington University, DC, Series B
5.095% due 09/15/2032		1,600,000		1,600,000
TOTAL MUNICIPAL BONDS (Cost $1,600,000)			$	1,600,000

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS - 4.97%
Banc of America Commercial Mortgage, Inc.,
Series 2005-2, Class AJ
4.953% due 07/10/2042 (b)	$	1,085,000	$	855,264
Banc of America Large Loan,
Series 2005-MIB1, Class B
2.7475% due 03/15/2022 (b)(g)		2,740,000		2,489,376
Bank of America Commercial Mortgage, Inc.,
Series 2005-5, Class XC
0.0929% IO due 10/10/2045 (g)		386,983,596		1,527,734
Bank of America Commercial Mortgage, Inc.,
Series 2001-3, Class A1
4.89% due 04/11/2037		46,681		46,232
Bear Stearns Asset Backed Securities, Inc.,
Series 2003-AC4, Class A
5.00% due 09/25/2033		803,636		684,410
Bear Stearns Asset Backed Securities, Inc.,
Series 2004-AC5, Class A1
5.25% due 10/25/2034		676,527		545,591
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2004-PWR6, Class X1
0.2002% IO due 11/11/2041 (g)		57,952,009		823,371
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-PWR8, Class AJ
4.75% due 06/11/2041		1,000,000		775,866
Bear Stearns Mortgage Funding Trust,
Series 2006-AR4, Class A1
3.4169% due 12/25/2036 (b)		2,071,844		1,319,676
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class C
7.928% due 07/15/2032		1,000,000		1,026,718
Commercial Mortgage Pass Through Certificates,
Series 2003-LB1A, Class A2
4.084% due 06/10/2038		375,000		340,350
Commercial Mortgage Pass Through Certificates,
Series 2005-C6, Class B
5.3994% due 06/10/2044 (b)		1,800,000		1,345,627
Commercial Mortgage Pass Through Certificates,
Series 2005-FL11, Class AJ
2.6875% due 11/15/2017 (b)(g)		1,589,967		1,480,400
Countrywide Alternative Loan Trust,
Series 2004-J7, Class 1A2
4.673% due 08/25/2034 (b)		65,846		64,646
Countrywide Home Loans,
Series 2005-12, Class 2A5
5.50% due 05/25/2035		101,287		92,618
Credit Suisse Mortgage Capital Certificates,
Series 2006-TFLA, Class B
2.7175% due 04/15/2021 (b)(g)		2,265,000		2,077,889
CS First Boston Mortgage Securities Corp.,
Series 2000-C1, Class A2
7.545% due 04/15/2062		1,296,331		1,314,565
CS First Boston Mortgage Securities Corp.,
Series 2001-CKN5, Class A4
5.435% due 09/15/2034		231,336		226,212
CS First Boston Mortgage Securities Corp.,
Series 2001-CP4, Class A4
6.18% due 12/15/2035		275,000		273,792
CS First Boston Mortgage Securities Corp.,
Series 2002-CKN2, Class A3
6.133% due 04/15/2037		125,000		123,658

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

259

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
CS First Boston Mortgage Securities Corp.,
Series 2003-CPN1, Class A1
3.727% due 03/25/2035	$	1,370,151	$	1,295,359
CS First Boston Mortgage Securities Corp.,
Series 2004-C4, Class A4
4.283% due 10/15/2039		150,000		141,788
CS First Boston Mortgage Securities Corp.,
Series 2005-5, Class 4A1
6.25% due 07/25/2035		168,978		144,529
CS First Boston Mortgage Securities Corp.,
Series 2005-C1, Class AX
0.1677% IO due 02/15/2038 (g)		95,078,641		918,716
CS First Boston Mortgage Securities Corp.,
Series 2005-C2, Class B
5.016% due 04/15/2037		1,210,000		901,167
Federal National Mortgage Association,
Series 2002-W3, Class A5
7.50% due 01/25/2028		30,798		32,760
First Horizon Alternative Mortgage Securities,
Series 2004-AA2, Class 2A1
5.0368% due 08/25/2034 (b)		2,306,548		1,938,388
First Union National Bank Commercial Mortgage
Trust, Series 2002-C1, Class A1
5.585% due 02/12/2034		157,835		157,000
First Union-Lehman Brothers-Bank of America,
Series 1998-C2, Class E
6.778% due 11/18/2035		1,333,000		1,336,377
GE Capital Commercial Mortgage Corp.,
Series 2001-3, Class A2
6.07% due 06/10/2038		2,375,000		2,350,317
GE Capital Commercial Mortgage Corp.,
Series 2002-2A, Class A3
5.349% due 08/11/2036		150,000		145,548
GE Capital Commercial Mortgage Corp.,
Series 2005-C2, Class C
5.133% due 05/10/2043 (b)		925,000		690,340
G-Force LLC, Series 2005-RR2, Class A4B
5.422% due 12/27/2039 (g)		1,835,000		1,091,825
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class XC
0.267% IO due 08/10/2042 (g)		80,334,494		1,103,675
Greenwich Capital Commercial Funding Corp.,
Series 2002-C1, Class A2
4.112% due 01/11/2017		201,225		193,037
GS Mortgage Securities Corp. II, Series 2004-GG2,
Class XC
0.2436% IO due 08/01/2038 (g)		151,879,743		1,292,481
GS Mortgage Securities Corp. II, Series 2005-GG4,
Class XC
0.2181% IO due 07/10/2039 (b)(g)		43,138,127		692,354
Hilton Hotels Pool Trust, Series 2000-HLTA, Class B
2.9856% due 10/03/2015 (b)(g)		95,000		94,067
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP5, Class A4
5.3445% due 12/15/2044 (b)		2,500,000		2,264,364
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2002-C1, Class A3
5.376% due 07/12/2037		370,000		356,182
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2004-CBX, Class A2
3.89% due 01/12/2037		196,556		193,885

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
LB-UBS Commercial Mortgage Trust,
Series 2000-C4, Class A2
7.37% due 08/15/2026	$	3,097,745	$	3,149,541
LB-UBS Commercial Mortgage Trust,
Series 2005-C3, Class G
5.111% due 06/17/2015 (b)(g)		735,000		468,428
LB-UBS Commercial Mortgage Trust,
Series 2005-C5, Class A2
4.885% due 09/15/2040		2,500,000		2,453,405
Merrill Lynch Mortgage Trust, Series 2008-C1,
Class X
0.564% IO due 02/14/2051 (g)		18,974,182		498,072
Merrill Lynch Mortgage Trust, Series 2005-CIP1,
Class XC
0.0871% IO due 08/12/2020 (g)		213,137,988		1,106,293
Merrill Lynch Mortgage Trust, Series 2005-MCP1,
Class XC
0.1455% IO due 05/25/2043 (g)		66,259,861		726,367
Merrill Lynch Mortgage Trust, Series 2006-C2,
Class X
0.5589% IO due 08/12/2026		33,009,156		696,962
Morgan Stanley Capital I, Series 1999-FNV1,
Class A2
6.53% due 03/15/2031		380,175		379,244
Multi Security Asset Trust, Series 2005-RR4A,
Class F
5.88% due 11/28/2035 (b)(g)		946,000		473,000
Residential Asset Mortgage Products, Inc.,
Series 2004-SL2, Class A1
6.50% due 10/25/2016		552,918		527,174
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		118,469		119,039
Salomon Brothers Mortgage Securities VII,
Series 2001-C1, Class A3
6.428% due 12/18/2035		868,403		870,029
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036 (g)		1,000,000		865,859
SBA CMBS Trust, Series 2005-1A, Class C
5.731% due 11/15/2035 (g)		1,118,000		1,061,960
Sequoia Mortgage Trust, Series 2005-3, Class A1
3.3875% due 04/15/2032 (b)		439,202		361,997
Structured Asset Securities Corp.,
Series 1998-RF2, Class A
8.4914% due 07/15/2027 (b)(g)		23,920		23,869
Timberstar Trust, Series 2006-1A, Class A
5.668% due 10/15/2036 (g)		1,980,000		1,867,156
Wachovia Bank Commercial Mortgage Trust,
Series 2005-C17, Class XC
0.1013% IO due 03/15/2042 (g)		76,515,600		556,268
WAMU Commercial Mortgage Securities Trust,
Series 2007-SL3, Class A
6.1144% due 03/23/2045 (g)		933,642		887,689
WAMU Commercial Mortgage Securities Trust,
Series 2006-SL1, Class A
5.4201% due 11/23/2043 (g)		2,281,207		1,949,862
Washington Mutual Mortgage Pass-Through,
Series 2005-1, Class 6A1
6.50% due 03/25/2035		96,303		79,480

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

260

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR10, Class 2A6
4.1094% due 06/25/2035 (b)	$	275,000	$	230,587
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $63,247,025)			$	54,120,435
ASSET BACKED SECURITIES - 2.75%
Alesco Preferred Funding, Ltd., Series 12A, Class B
3.0712% due 07/15/2037 (b)(g)		690,000		172,500
Alesco Preferred Funding, Ltd., Series 14A, Class B
3.86% due 09/23/2037 (b)(g)		690,000		276,000
Alesco Preferred Funding, Ltd.,
Series 15A, Class B1
3.89% due 12/23/2037 (b)(g)		330,000		132,000
Ansonia CDO, Ltd.
5.812% due 07/28/2046 (g)		2,470,000		666,900
Arbor Realty Mortgage Securities, Series
2006-1A, Class C
3.395% due 12/26/2041 (b)(g)		770,000		349,561
Arbor Realty Mortgage Securities, Series
2006-1A, Class F
3.845% due 01/26/2042 (b)(g)		1,280,000		576,211
Argent Securities, Inc., Series 2004-W1, Class M3
4.6569% due 03/25/2034 (b)		673,857		347,596
Centex Home Equity, Series 2004-D, Class AF4
4.68% due 06/25/2032		160,000		130,022
Centex Home Equity, Series 2005-A, Class M4
4.0069% due 01/25/2035 (b)		1,416,000		1,112,840
Countryplace Manufactured Housing Contract
Trust, Series 2005-1, Class A3
4.80% due 12/15/2035 (g)		275,000		239,716
Credit-Based Asset Servicing and Securitization,
Series 2005-CB8, Class AF2
5.303% due 12/25/2035		7,510		66,728
Credit-Based Asset Servicing and Securitization,
Series 2006-CB2, Class AF2
5.501% due 12/25/2036		2,515,291		2,288,153
Credit-Based Asset Servicing and Securitization,
Series 2006-MH1, Class B1
6.25% due 09/25/2036 (g)		1,080,000		862,245
CW Capital Cobalt I, Series 2005-1A, Class A1
3.0906% due 05/25/2045 (b)(g)		2,087,202		1,468,868
DB Master Finance LLC, Series 2006-1, Class-A2
5.779% due 06/20/2031 (g)		1,510,000		1,294,009
Dillon Read CMBS CDO, Ltd.,Series 2006-1A,
Class A3
3.5138% due 12/05/2046 (b)(g)		1,370,000		438,400
Equity One ABS, Inc., Series 2004-1, Class M2
5.115% due 04/25/2034		322,140		217,643
Equity One ABS, Inc., Series 2004-1, Class M3
5.26% due 04/25/2034		725,540		482,961
Equity One ABS, Inc., Series 2004-2, Class AV2
3.4569% due 07/25/2034 (b)		75,813		63,626
Green Tree Financial Corp., Series 1996-8, Class A6
7.60% due 10/15/2027		717,642		743,248
GSAA Home Equity Trust, Series 2006-10,
Class AF3
5.9846% due 06/25/2036 (b)		3,000,000		1,835,625
Highland Park CDO, Ltd., Series 2006-1A, Class A2
3.2106% due 11/25/2051 (b)(g)		1,100,000		643,830

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
JER CDO, Series 2006-2A, Class AFL
3.5369% due 03/25/2045 (b)(g)	$	1,600,000	$	640,000
Long Beach Mortgage Loan Trust,
Series 2004-1, Class M3
3.9069% due 02/25/2034 (b)		1,200,000		979,394
New Century Home Equity Loan Trust,
Series 2004-A, Class AII5
5.25% due 07/25/2034		230,000		198,557
Newcastle CDO, Ltd., Series 2005-7A, Class 2FL
3.6762% due 12/24/2050 (b)(g)		1,740,000		742,458
N-Star Real Estate CDO, Ltd.,
Series 2006-7A, Class B
2.8625% due 06/22/2051 (b)(g)		2,100,000		903,630
Option One Mortgage Loan Trust, Series 2005-1,
Class M1
3.0025% due 02/25/2035 (b)		866,000		640,425
Option One Mortgage Loan Trust, Series 2004-1,
Class M1
3.8069% due 01/25/2034 (b)		887,837		660,906
Ownit Mortgage Loan, Series 2006-1, Class AF2
5.29% due 12/25/2036		3,035,000		2,689,932
Ownit Mortgage Loan, Series 2006-2, Class A2B
5.6329% due 02/25/2037		2,500,000		2,335,650
Popular ABS Mortgage Pass-Through Trust,
Series 2005-4, Class AF3
4.982% due 09/25/2035 (b)		234,027		234,027
Popular ABS Mortgage Pass-Through Trust,
Series 2005-6, Class A2
5.35% due 01/25/2036 (b)		336,131		336,131
Prima Capital Ltd., Series 2006-CR1A, Class A1
5.417% due 12/25/2048		2,922,218		2,513,108
Residential Accredit Loans, Inc.,
Series 2004-QS16, Class 1A1
5.50% due 12/25/2034		141,497		119,875
Residential Asset Mortgage Products, Inc.,
Series 2004-RS9, Class AI4
4.767% due 10/25/2032		146,632		128,789
Residential Asset Mortgage Products, Inc.,
Series 2004-RZ3, Class AI4
4.572% due 05/25/2033 (b)		130,204		120,858
Residential Asset Mortgage Products, Inc.,
Series 2005-RS6, Class A12
2.7225% due 06/25/2035 (b)		374,465		370,464
Residential Funding Mortgage Securities II, Series
2002-HI1, Class A7
6.90% due 01/25/2033		1,362,332		1,128,214
Structured Asset Securities Corp.,
Series 2004-6XS, Class M1
4.92% due 03/25/2034		958,838		592,983
Vanderbilt Acquisition Loan Trust,
Series 2002-1, Class A3
5.70% due 09/07/2023		44,605		44,176
Wells Fargo Home Equity Trust,
Series 2004-2, Class AI5
4.89% due 11/25/2028 (b)		250,000		230,325
TOTAL ASSET BACKED SECURITIES
(Cost $44,102,650)			$	30,018,584

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

261

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Managed Trust (continued)
		Shares or
		Principal
		Amount		Value
SUPRANATIONAL OBLIGATIONS - 0.23%
Financial - 0.02%
Corporacion Andina de Fomento, Series EXCH
6.875% due 03/15/2012	$	220,000	$	229,548
Government - 0.21%
Central American Bank for Economic Integration
6.75% due 04/15/2013 (g)		900,000		956,569
Corporacion Andina de Fomento
5.20% due 05/21/2013		1,330,000		1,304,427
				2,260,996
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $2,538,846)			$	2,490,544
SHORT TERM INVESTMENTS - 8.69%
Federal Home Loan Bank Discount Notes
zero coupon due 10/15/2008 to
10/20/2008	$	94,794,000	$	94,701,592
TOTAL SHORT TERM INVESTMENTS
(Cost $94,701,592)			$	94,701,592
REPURCHASE AGREEMENTS - 4.89%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$53,343,852 on 10/01/2008,
collateralized by $39,360,000
Federal Home Loan Mortgage
Corp., 5.40% due 06/04/2012
(valued at $40,633,690, including
interest) and $13,695,000 Federal
Home Loan Bank, 2.275% due
04/24/2009 (valued at
$13,780,594, including interest)	$	53,342,000	$	53,342,000
TOTAL REPURCHASE AGREEMENTS
(Cost $53,342,000)			$	53,342,000
Total Investments (Managed Trust)
(Cost $1,316,803,132) - 107.93%			$	1,176,318,725
Liabilities in Excess of Other Assets - (7.93)%				(86,402,734)
TOTAL NET ASSETS - 100.00%			$	1,089,915,991
Mid Cap Index Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.77%
Basic Materials - 5.34%
Airgas, Inc.		60,399	$	2,998,810
Albemarle Corp.		66,952		2,064,800
Cabot Corp.		47,066		1,495,757
Carpenter Technology Corp.		32,504		833,728
Chemtura Corp.		177,501		809,405
Cliffs Natural Resources, Inc.		78,158		4,137,684
Cytec Industries, Inc.		34,841		1,355,663
Ferro Corp.		32,018		643,562
FMC Corp.		54,781		2,815,196
Louisiana-Pacific Corp.		66,571		619,110

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
Lubrizol Corp.	49,583	$	2,139,011
Minerals Technologies, Inc.	13,847		821,958
Olin Corp.	55,218		1,071,229
Potlatch Corp.	28,931		1,342,109
Rayonier, Inc.	57,582		2,726,508
Reliance Steel & Aluminum Company	46,661		1,771,718
RPM International, Inc.	95,341		1,843,895
Sensient Technologies Corp.	35,372		995,014
Steel Dynamics, Inc.	130,682		2,233,355
Temple-Inland, Inc.	77,795		1,187,152
Terra Industries, Inc.	67,258		1,977,385
Valspar Corp.	73,082		1,628,998
			37,512,047
Communications - 3.98%
3Com Corp. *	296,821		691,593
ADC Telecommunications, Inc. *	86,229		728,635
ADTRAN, Inc.	40,874		796,634
Avocent Corp. *	32,807		671,231
Belo Corp., Class A	64,371		383,651
Cincinnati Bell, Inc. *	173,017		534,623
CommScope, Inc. *	51,431		1,781,570
Digital River, Inc. *	27,102		878,105
Entercom Communications Corp.	19,961		100,204
F5 Networks, Inc. *	58,948		1,378,204
Foundry Networks, Inc. *	107,826		1,963,511
Harte-Hanks, Inc.	27,788		288,162
John Wiley & Sons, Inc., Class A	31,633		1,279,555
Lamar Advertising Company, Class A *	55,529		1,715,291
McAfee, Inc. *	110,799		3,762,734
Media General, Inc., Class A (a)	16,757		208,289
Netflix, Inc. * (a)	31,650		977,352
NeuStar, Inc., Class A *	57,680		1,147,255
Plantronics, Inc.	35,831		806,914
Polycom, Inc. *	62,343		1,441,994
Priceline.com, Inc. *	28,483		1,949,092
RF Micro Devices, Inc. *	191,639		559,586
Scholastic Corp.	19,419		498,680
Telephone & Data Systems, Inc.	77,959		2,787,034
ValueClick, Inc. *	63,424		648,828
			27,978,727
Consumer, Cyclical - 11.66%
99 Cents Only Stores *	34,378		377,127
Advance Auto Parts, Inc.	70,059		2,778,540
Aeropostale, Inc. *	48,979		1,572,716
Airtran Holdings, Inc. *	85,748		208,368
Alaska Air Group, Inc. *	26,379		537,868
American Eagle Outfitters, Inc.	150,788		2,299,517
AnnTaylor Stores Corp. *	41,784		862,422
ArvinMeritor, Inc.	54,021		704,434
Barnes & Noble, Inc.	26,940		702,595
BJ's Wholesale Club, Inc. *	43,472		1,689,322
Bob Evans Farms, Inc.	22,656		618,282
Borders Group, Inc.	44,337		290,851
BorgWarner, Inc.	85,123		2,789,481
Boyd Gaming Corp.	41,791		391,164

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

262

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Brinker International, Inc.	74,253	$	1,328,386
Callaway Golf Company	47,460		667,762
CarMax, Inc. * (a)	161,395		2,259,530
Charming Shoppes, Inc. *	83,242		407,053
Chico's FAS, Inc. *	129,272		707,118
Chipotle Mexican Grill, Inc., Class A * (a)	24,152		1,340,194
Coldwater Creek, Inc. *	34,622		200,461
Collective Brands, Inc. *	46,741		855,828
Copart, Inc. *	47,899		1,820,162
Dick's Sporting Goods, Inc. *	62,155		1,216,995
Dollar Tree, Inc. *	66,225		2,407,941
DreamWorks Animation SKG, Inc., Class A *	58,923		1,853,128
Foot Locker, Inc.	113,499		1,834,144
Furniture Brands International, Inc. (a)	30,372		319,513
Guess?, Inc.	44,109		1,534,552
Hanesbrands, Inc. *	68,674		1,493,659
Herman Miller, Inc.	40,810		998,621
HNI Corp. (a)	32,379		820,484
Hovnanian Enterprises, Inc., Class A *	37,096		296,397
Ingram Micro, Inc., Class A *	121,485		1,952,264
International Speedway Corp., Class A	20,721		806,254
J. Crew Group, Inc. *	37,950		1,084,231
JetBlue Airways Corp. *	133,926		662,934
Lear Corp. *	56,627		594,583
Life Time Fitness, Inc. * (a)	25,525		798,167
M.D.C. Holdings, Inc.	26,814		981,124
Macrovision Solutions Corp. *	61,067		939,210
Marvel Entertainment, Inc. *	35,921		1,226,343
Modine Manufacturing Company	23,636		342,249
Mohawk Industries, Inc. *	41,084		2,768,651
MSC Industrial Direct Company, Inc., Class A	33,164		1,527,865
NVR, Inc. *	3,975		2,273,700
O'Reilly Automotive, Inc. *	98,117		2,626,592
Oshkosh Corp.	54,586		718,352
Pacific Sunwear of California, Inc. *	48,122		323,861
PetSmart, Inc.	92,741		2,291,630
Phillips-Van Heusen Corp.	37,649		1,427,274
Regis Corp.	31,550		867,625
Ross Stores, Inc.	96,329		3,545,870
Ryland Group, Inc.	31,208		827,636
Saks, Inc. * (a)	103,925		961,306
Scientific Games Corp., Class A *	47,588		1,095,476
Tech Data Corp. *	36,980		1,103,853
The Cheesecake Factory, Inc. *	47,409		693,120
Thor Industries, Inc. (a)	25,986		644,973
Timberland Company, Class A *	34,529		599,769
Toll Brothers, Inc. *	95,415		2,407,320
Under Armour, Inc., Class A * (a)	26,679		847,325
Urban Outfitters, Inc. *	83,318		2,655,345
Warnaco Group, Inc. *	33,715		1,526,952
Wendy's/Arby's Group, Inc. *	303,875		1,598,383
Williams-Sonoma, Inc.	63,394		1,025,715
			81,930,567
Consumer, Non-cyclical - 20.34%
Advanced Medical Optics, Inc. *	38,133		678,005
Affymetrix, Inc. *	51,448		398,208

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Alberto-Culver Company	61,993	$	1,688,689
Alliance Data Systems Corp. *	49,273		3,122,923
American Greetings Corp., Class A	35,768		546,893
Apria Healthcare Group, Inc. *	32,126		585,978
Avis Budget Group, Inc. *	74,219		426,017
Beckman Coulter, Inc.	45,559		3,234,233
Blyth, Inc.	17,711		200,843
Career Education Corp. *	53,829		880,104
Cephalon, Inc. *	49,787		3,857,995
Charles River Laboratories International, Inc. *	49,683		2,758,897
Church & Dwight, Inc.	48,798		3,029,868
Community Health Systems, Inc. *	70,223		2,058,236
Corinthian Colleges, Inc. *	62,541		938,115
Corn Products International, Inc.	54,534		1,760,358
Corporate Executive Board Company	24,916		778,625
Corrections Corp. of America *	91,814		2,281,578
Covance, Inc. *	46,159		4,080,917
Deluxe Corp.	37,733		542,978
DENTSPLY International, Inc.	108,874		4,087,130
DeVry, Inc.	44,978		2,228,210
Dun & Bradstreet Corp.	39,963		3,770,909
Edwards Lifesciences Corp. *	41,180		2,378,557
Endo Pharmaceutical Holdings, Inc. *	88,096		1,761,920
Gartner Group, Inc., Class A *	43,330		982,724
Gen-Probe, Inc. *	39,705		2,106,350
Global Payments, Inc.	58,435		2,621,394
Hansen Natural Corp. * (a)	54,102		1,636,586
Health Management Associates, Inc., Class A *	178,964		744,490
Health Net, Inc. *	78,603		1,855,031
Henry Schein, Inc. *	65,454		3,524,043
Hill-Rom Holdings, Inc.	45,768		1,387,228
Hologic, Inc. *	187,677		3,627,796
Hormel Foods Corp.	51,343		1,862,724
IDEXX Laboratories, Inc. *	43,530		2,385,444
Invitrogen Corp. *	67,605		2,555,469
ITT Educational Services, Inc. *	23,037		1,863,924
J.M. Smucker Company	40,148		2,035,102
Kelly Services, Inc., Class A	20,110		383,096
Kindred Healthcare, Inc. *	21,899		603,755
Kinetic Concepts, Inc. *	41,441		1,184,798
Korn/Ferry International *	34,887		621,686
Lender Processing Services, Inc.	61,137		1,865,901
LifePoint Hospitals, Inc. *	38,994		1,253,267
Lincare Holdings, Inc. *	53,764		1,617,759
Manpower, Inc.	58,149		2,509,711
Medicis Pharmaceutical Corp., Class A	41,536		619,302
MPS Group, Inc. *	68,113		686,579
Navigant Consulting Company *	33,982		675,902
NBTY, Inc. *	39,783		1,174,394
Omnicare, Inc.	76,164		2,191,238
PDL BioPharma, Inc. *	87,461		814,262
PepsiAmericas, Inc.	41,952		869,245
Perrigo Company	56,864		2,186,989
Pharmaceutical Product Development, Inc.	87,230		3,606,961
Psychiatric Solutions, Inc. *	40,764		1,546,994
Quanta Services, Inc. *	128,475		3,470,110

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

263

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Ralcorp Holdings, Inc. *	41,167	$	2,775,067
Rent-A-Center, Inc. *	48,836		1,088,066
ResMed, Inc. *	55,341		2,379,663
Rollins, Inc.	30,183		572,873
Ruddick Corp.	28,641		929,400
SAIC, Inc. *	140,960		2,851,621
Sepracor, Inc. *	79,717		1,459,618
Service Corp. International	188,337		1,574,497
Smithfield Foods, Inc. *	85,641		1,359,979
Sotheby's	49,289		988,737
STERIS Corp.	43,264		1,625,861
Strayer Education, Inc.	10,453		2,093,318
Techne Corp. *	28,313		2,041,934
The Scotts Company, Class A	31,703		749,459
Tootsie Roll Industries, Inc.	18,955		547,989
Tupperware Brands Corp.	45,501		1,257,193
United Rentals, Inc. *	43,429		661,858
United Therapeutics Corp. *	16,708		1,757,180
Universal Corp.	18,610		913,565
Universal Health Services, Inc., Class B	37,259		2,087,622
Valassis Communications, Inc. *	35,193		304,771
Valeant Pharmaceuticals International *	64,497		1,320,254
VCA Antech, Inc. *	61,806		1,821,423
Vertex Pharmaceuticals, Inc. *	103,652		3,445,393
WellCare Health Plans, Inc. *	30,544		1,099,584
			142,853,365
Energy - 7.20%
Arch Coal, Inc.	105,732		3,477,526
Bill Barrett Corp. *	27,062		868,961
Cimarex Energy Company	60,843		2,975,831
Denbury Resources, Inc. *	180,829		3,442,984
Encore Aquisition Company *	39,053		1,631,634
Equitable Resources, Inc.	95,834		3,515,191
Exterran Holdings, Inc. *	48,167		1,539,417
Forest Oil Corp. *	65,748		3,261,101
Frontier Oil Corp.	76,075		1,401,302
Helix Energy Solutions Group, Inc. *	67,274		1,633,413
Helmerich & Payne, Inc.	77,053		3,327,919
National Fuel Gas Company	59,670		2,516,881
Newfield Exploration Company *	96,815		3,097,112
Oceaneering International, Inc. *	40,200		2,143,464
Patriot Coal Corp. *	46,431		1,348,821
Patterson-UTI Energy, Inc.	114,715		2,296,594
Plains Exploration & Production Company *	78,803		2,770,713
Pride International, Inc. *	126,745		3,752,919
Quicksilver Resources, Inc. *	82,935		1,628,014
Superior Energy Services, Inc. *	59,162		1,842,305
Tidewater, Inc.	37,745		2,089,563
			50,561,665
Financial - 17.66%
Affiliated Managers Group, Inc. *	29,909		2,477,961
Alexandria Real Estate Equities, Inc., REIT	23,519		2,645,887
AMB Property Corp., REIT	71,783		3,251,770
American Financial Group, Inc.	54,837		1,617,691
AmeriCredit Corp. * (a)	85,184		862,914

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Apollo Investment Corp.	104,158	$	1,775,894
Arthur J. Gallagher & Company	68,330		1,753,348
Associated Banc Corp.	93,405		1,863,430
Astoria Financial Corp.	58,951		1,222,054
BancorpSouth, Inc.	54,400		1,530,272
Bank of Hawaii Corp.	34,983		1,869,841
BRE Properties, Inc., Class A, REIT	37,385		1,831,865
Brown & Brown, Inc.	84,502		1,826,933
Camden Property Trust, REIT	38,932		1,785,422
Cathay General Bancorp, Inc. (a)	36,232		862,322
City National Corp.	29,428		1,597,940
Colonial Bancgroup, Inc. (a)	148,027		1,163,492
Commerce Bancshares, Inc.	45,910		2,130,224
Cousins Properties, Inc., REIT (a)	31,957		806,275
Cullen Frost Bankers, Inc.	43,277		2,596,620
Duke Realty Corp., REIT	107,575		2,644,194
Eaton Vance Corp.	84,981		2,993,881
Equity One, Inc., REIT	23,315		477,724
Essex Property Trust, Inc., REIT	18,724		2,215,611
Everest Re Group, Ltd.	45,178		3,909,252
Federal Realty Investment Trust, REIT	43,146		3,693,298
Fidelity National Financial, Inc., Class A	154,865		2,276,516
First American Corp.	67,832		2,001,044
First Niagara Financial Group, Inc.	80,364		1,265,733
FirstMerit Corp.	59,215		1,243,515
Hanover Insurance Group, Inc.	37,331		1,699,307
HCC Insurance Holdings, Inc.	84,003		2,268,081
Health Care, Inc., REIT	74,635		3,972,821
Highwoods Properties, Inc., REIT	46,236		1,644,152
Horace Mann Educators Corp.	28,608		368,185
Hospitality Properties Trust, REIT	68,806		1,411,899
Jefferies Group, Inc. (a)	87,942		1,969,901
Jones Lang LaSalle, Inc.	29,576		1,285,964
Liberty Property Trust, REIT	68,347		2,573,265
Mack-California Realty Corp., REIT	48,158		1,631,111
Mercury General Corp.	26,060		1,426,785
Nationwide Health Properties, Inc., REIT	70,880		2,550,262
New York Community Bancorp, Inc.	251,714		4,226,278
Old Republic International Corp.	168,970		2,154,368
PacWest Bancorp	17,927		512,533
Philadelphia Consolidated Holding Corp. *	42,423		2,484,715
PMI Group, Inc.	50,812		149,895
Protective Life Corp.	51,179		1,459,113
Raymond James Financial, Inc. (a)	70,303		2,318,593
Realty Income Corp., REIT	74,219		1,900,006
Regency Centers Corp., REIT	51,244		3,417,462
Stancorp Financial Group, Inc.	35,805		1,861,860
SVB Financial Group *	23,799		1,378,438
Synovus Financial Corp.	205,522		2,127,153
TCF Financial Corp.	84,464		1,520,352
The Macerich Company, REIT	54,666		3,479,491
UDR, Inc., REIT	93,766		2,451,981
Unitrin, Inc.	36,315		905,696
W.R. Berkley Corp.	102,580		2,415,759
Waddell & Reed Financial, Inc., Class A	62,774		1,553,657
Washington Federal, Inc.	64,348		1,187,221

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

264

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Webster Financial Corp.	38,485	$	971,746
Weingarten Realty Investors, REIT	54,740		1,952,576
WestAmerica Bancorp	21,211		1,220,269
Wilmington Trust Corp.	49,314		1,421,723
			124,065,541
Industrial - 16.86%
AGCO Corp. *	67,185		2,862,753
Alexander & Baldwin, Inc.	30,283		1,333,360
Alliant Techsystems, Inc. *	24,134		2,267,148
AMETEK, Inc.	78,158		3,186,502
AptarGroup, Inc.	49,700		1,943,767
Arrow Electronics, Inc. *	87,620		2,297,396
Avnet, Inc. *	110,154		2,713,093
BE Aerospace, Inc. *	72,598		1,149,226
Brinks Company	30,877		1,884,115
Carlisle Companies, Inc.	44,685		1,339,209
Commercial Metals Company	83,870		1,416,564
Con-way, Inc.	33,469		1,476,318
Crane Company	35,476		1,053,992
Donaldson Company, Inc.	57,572		2,412,843
DRS Technologies, Inc.	30,361		2,330,207
Dycom Industries, Inc. *	28,820		375,236
Energizer Holdings, Inc. *	42,588		3,430,463
Federal Signal Corp.	34,790		476,623
FLIR Systems, Inc. *	101,949		3,916,881
Flowserve Corp.	42,023		3,730,382
FMC Technologies, Inc. *	93,316		4,343,860
GATX Corp.	35,666		1,411,304
Gentex Corp.	103,954		1,486,542
Graco, Inc.	43,983		1,566,235
Granite Construction, Inc.	24,111		863,656
Greif, Inc., Class A	24,951		1,637,285
Harsco Corp.	61,745		2,296,297
Hubbell, Inc., Class B	41,154		1,442,448
IDEX Corp.	60,462		1,875,531
J.B. Hunt Transport Services, Inc.	59,799		1,995,493
Joy Global, Inc.	78,937		3,563,216
Kansas City Southern *	66,578		2,953,400
KBR, Inc.	124,369		1,899,115
Kennametal, Inc.	56,090		1,521,161
Lancaster Colony Corp.	14,727		554,619
Lincoln Electric Holdings, Inc.	31,378		2,017,919
Martin Marietta Materials, Inc.	30,302		3,393,218
Matthews International Corp., Class A	22,632		1,148,348
Mine Safety Appliances Company	21,751		829,148
National Instruments Corp.	41,467		1,246,083
Nordson Corp.	24,977		1,226,620
Overseas Shipholding Group, Inc.	19,791		1,154,013
Packaging Corp. of America	75,880		1,758,898
Pentair, Inc.	72,445		2,504,424
Republic Services, Inc.	113,295		3,396,584
Roper Industries, Inc.	65,628		3,738,171
Shaw Group, Inc. *	61,129		1,878,494
Sonoco Products Company	72,898		2,163,613
SPX Corp.	39,680		3,055,360
Stericycle, Inc. *	62,549		3,684,762

Mid Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Teleflex, Inc.	29,054	$	1,844,638
Timken Company	62,195		1,763,228
Trinity Industries, Inc.	59,813		1,538,988
URS Corp. *	61,839		2,267,636
Varian, Inc. *	21,508		922,693
Vishay Intertechnology, Inc. *	136,531		903,835
Wabtec Corp.	35,472		1,817,231
Werner Enterprises, Inc.	31,180		676,918
Worthington Industries, Inc.	43,843		655,014
YRC Worldwide, Inc. *	41,953		501,758
Zebra Technologies Corp., Class A *	47,758		1,330,060
			118,423,894
Technology - 7.05%
ACI Worldwide, Inc. *	25,214		441,749
Acxiom Corp.	49,494		620,655
Advent Software, Inc. *	12,177		428,996
ANSYS, Inc. *	65,117		2,465,981
Atmel Corp. *	326,788		1,107,811
Broadridge Financial Solutions, Inc.	102,880		1,583,323
Cadence Design Systems, Inc. *	190,604		1,288,483
Cerner Corp. *	49,704		2,218,787
Cree, Inc. * (a)	64,520		1,469,766
Diebold, Inc.	48,186		1,595,438
DST Systems, Inc. *	31,321		1,753,663
FactSet Research Systems, Inc.	31,284		1,634,589
Fair Isaac Corp.	35,488		817,998
Fairchild Semiconductor International, Inc. *	91,548		813,862
Imation Corp.	22,053		498,177
Integrated Device Technology, Inc. *	124,428		968,050
International Rectifier Corp. *	53,336		1,014,451
Intersil Corp., Class A	90,591		1,501,999
Jack Henry & Associates, Inc.	63,036		1,281,522
Lam Research Corp. *	91,860		2,892,671
Mentor Graphics Corp. *	67,640		767,714
Metavante Technologies, Inc. *	65,702		1,265,420
NCR Corp. *	119,816		2,641,943
Palm, Inc. * (a)	79,533		474,812
Parametric Technology Corp. *	84,486		1,554,542
SEI Investments Company	98,198		2,179,996
Semtech Corp. *	45,224		631,327
Silicon Laboratories, Inc. *	35,017		1,075,022
SRA International, Inc., Class A *	31,155		705,038
Sybase, Inc. *	58,939		1,804,712
Synopsys, Inc. *	105,529		2,105,304
Thomas & Betts Corp. *	42,173		1,647,699
Trimble Navigation, Ltd. *	88,548		2,289,851
Western Digital Corp. *	162,210		3,458,317
Wind River Systems, Inc. *	50,818		508,180
			49,507,848
Utilities - 6.68%
AGL Resources, Inc.	56,151		1,762,018
Alliant Energy Corp.	80,890		2,605,467
Aqua America, Inc. (a)	98,768		1,756,095
Black Hills Corp.	28,127		873,906
DPL, Inc.	83,204		2,063,459

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

265

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Index Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
Energen Corp.		52,509	$	2,377,608
Great Plains Energy, Inc.		86,978		1,932,651
Hawaiian Electric Industries, Inc.		62,050		1,806,276
IDACORP, Inc.		33,176		965,090
MDU Resources Group, Inc.		134,182		3,891,278
Northeast Utilities		113,927		2,922,228
NSTAR		78,223		2,620,471
OGE Energy Corp.		67,595		2,087,334
ONEOK, Inc.		76,483		2,631,015
PNM Resources, Inc.		63,277		647,956
Puget Energy, Inc.		94,972		2,535,752
SCANA Corp.		85,673		3,335,250
Sierra Pacific Resources		171,440		1,642,395
Vectren Corp.		59,305		1,651,644
Westar Energy, Inc.		79,208		1,824,952
WGL Holdings, Inc.		36,554		1,186,177
Wisconsin Energy Corp.		85,629		3,844,742
				46,963,764
TOTAL COMMON STOCKS (Cost $803,167,503)			$	679,797,418
SHORT TERM INVESTMENTS - 4.66%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	15,562,571	$	15,562,571
Rabobank USA Financial Corp.
0.20% due 10/01/2008		17,165,000		17,165,000
TOTAL SHORT TERM INVESTMENTS
(Cost $32,727,571)			$	32,727,571
Total Investments (Mid Cap Index Trust)
(Cost $835,895,074) - 101.43%			$	712,524,989
Liabilities in Excess of Other Assets - (1.43)%				(10,050,588)
TOTAL NET ASSETS - 100.00%			$	702,474,401
Mid Cap Intersection Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.90%
Basic Materials - 4.83%
AK Steel Holding Corp.		6,500	$	168,480
CF Industries Holdings, Inc.		22,100		2,021,266
Cliffs Natural Resources, Inc.		33,600		1,778,784
FMC Corp.		19,020		977,438
Minerals Technologies, Inc.		9,400		557,984
Reliance Steel & Aluminum Company		23,116		877,714
Steel Dynamics, Inc.		78,100		1,334,729
Terra Industries, Inc.		29,200		858,480
W. R. Grace & Company *		12,200		184,464
				8,759,339
Communications - 4.51%
3Com Corp. *		199,000		463,670
Avocent Corp. *		56,700		1,160,082
CenturyTel, Inc.		49,700		1,821,505
Expedia, Inc. *		18,300		276,513

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
McAfee, Inc. *	67,269	$	2,284,455
Netflix, Inc. *	51,357		1,585,904
Scholastic Corp.	22,700		582,936
			8,175,065
Consumer, Cyclical - 11.53%
Advance Auto Parts, Inc.	9,600		380,736
Aeropostale, Inc. *	50,585		1,624,284
American Eagle Outfitters, Inc.	57,734		880,444
Big Lots, Inc. *	38,800		1,079,804
BJ's Wholesale Club, Inc. *	57,000		2,215,020
Bob Evans Farms, Inc.	13,600		371,144
BorgWarner, Inc.	46,200		1,513,974
Foot Locker, Inc.	38,900		628,624
Furniture Brands International, Inc.	34,600		363,992
Hanesbrands, Inc. *	14,200		308,850
Hasbro, Inc.	35,100		1,218,672
Herman Miller, Inc.	28,800		704,736
Ingram Micro, Inc., Class A *	131,976		2,120,854
NVR, Inc. *	630		360,360
Oshkosh Corp.	22,800		300,048
Ross Stores, Inc.	48,200		1,774,242
Steelcase, Inc. Class A	43,000		462,250
Tech Data Corp. *	14,400		429,840
TRW Automotive Holdings Corp. *	62,000		986,420
Urban Outfitters, Inc. *	34,000		1,083,580
Warnaco Group, Inc. *	23,290		1,054,804
Wesco International, Inc. *	13,200		424,776
WMS Industries, Inc. *	19,700		602,229
			20,889,683
Consumer, Non-cyclical - 20.78%
Alkermes, Inc. *	52,800		702,240
Alliance Data Systems Corp. *	18,800		1,191,544
American Greetings Corp., Class A	40,600		620,774
Amylin Pharmaceuticals, Inc. *	37,900		766,338
Beckman Coulter, Inc.	28,355		2,012,922
Bio-Rad Laboratories, Inc., Class A *	14,500		1,437,240
Cephalon, Inc. *	31,717		2,457,750
Coventry Health Care, Inc. *	36,600		1,191,330
Deluxe Corp.	25,900		372,701
Health Net, Inc. *	43,800		1,033,680
Healthspring, Inc. *	30,900		653,844
Hormel Foods Corp.	27,568		1,000,167
Invitrogen Corp. *	20,000		756,000
ITT Educational Services, Inc. *	30,387		2,458,612
Kindred Healthcare, Inc. *	40,430		1,114,655
LifePoint Hospitals, Inc. *	55,366		1,779,463
Manpower, Inc.	78,084		3,370,106
NBTY, Inc. *	20,600		608,112
Omnicare, Inc.	40,800		1,173,816
Pepsi Bottling Group, Inc.	17,400		507,558
Perrigo Company	40,790		1,568,783
R.R. Donnelley & Sons Company	15,400		377,762
Ralcorp Holdings, Inc. *	14,200		957,222
Regeneron Pharmaceuticals, Inc. *	7,500		163,725
Rent-A-Center, Inc. *	36,300		808,764

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

266

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
STERIS Corp.	24,100	$	905,678
Strayer Education, Inc.	2,800		560,728
SUPERVALU, Inc.	43,900		952,630
Tupperware Brands Corp.	33,100		914,553
Universal Health Services, Inc., Class B	28,500		1,596,855
Vertex Pharmaceuticals, Inc. *	67,156		2,232,266
Watson Pharmaceuticals, Inc. *	36,200		1,031,700
Watson Wyatt Worldwide, Inc., Class A	7,400		368,002
			37,647,520
Diversified - 0.28%
Walter Industries, Inc.	10,600		502,970
Energy - 10.13%
Cimarex Energy Company	27,108		1,325,852
Complete Production Services, Inc. *	18,000		362,340
Continental Resources, Inc. *	13,200		517,836
Encore Aquisition Company *	23,100		965,118
Forest Oil Corp. *	8,900		441,440
Massey Energy Company	6,600		235,422
McMoran Exploration Company *	16,900		399,516
National Fuel Gas Company	50,800		2,142,744
Newfield Exploration Company *	13,400		428,666
Noble Energy, Inc.	50,160		2,788,395
Oil States International, Inc. *	6,400		226,240
Pride International, Inc. *	34,730		1,028,355
Questar Corp.	14,000		572,880
SEACOR Holdings, Inc. *	7,700		607,915
St. Mary Land & Exploration Company	26,800		955,420
Superior Energy Services, Inc. *	24,900		775,386
Tidewater, Inc.	18,100		1,002,016
Unit Corp. *	48,000		2,391,360
W&T Offshore, Inc.	30,600		835,074
Whiting Petroleum Corp. *	5,000		356,300
			18,358,275
Financial - 16.80%
Allied World Assurance Holdings, Ltd.	43,300		1,538,016
Annaly Capital Management, Inc., REIT	83,690		1,125,630
Assurant, Inc.	50,600		2,783,000
Axis Capital Holdings, Ltd.	66,900		2,121,399
BioMed Realty Trust, Inc., REIT	14,700		388,815
Camden Property Trust, REIT	18,300		839,238
Comerica, Inc.	13,000		426,270
Discover Financial Services	152,100		2,102,022
Douglas Emmett, Inc., REIT	38,815		895,462
Duke Realty Corp., REIT	35,100		862,758
Everest Re Group, Ltd.	35,945		3,110,321
Forest City Enterprises, Inc., Class A	30,200		926,234
Host Hotels & Resorts, Inc., REIT	92,600		1,230,654
Huntington BancShares, Inc.	90,400		722,296
Knight Capital Group, Inc. *	32,000		475,520
Liberty Property Trust, REIT	34,100		1,283,865
M&T Bank Corp.	12,272		1,095,276
Mack-California Realty Corp., REIT	8,300		281,121
Reinsurance Group of America, Inc. *	8,200		388,844
Sovereign Bancorp, Inc.	62,440		246,638
Sunstone Hotel Investors, Inc., REIT	107,800		1,455,300

Mid Cap Intersection Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
UMB Financial Corp.	40,900	$	2,148,068
Unum Group	76,800		1,927,680
Waddell & Reed Financial, Inc., Class A	44,990		1,113,503
Webster Financial Corp.	37,300		941,825
			30,429,755
Industrial - 13.60%
Acuity Brands, Inc.	34,270		1,431,115
AGCO Corp. *	35,940		1,531,403
Alliant Techsystems, Inc. *	8,000		751,520
Armstrong World Industries, Inc. *	28,600		826,540
Avnet, Inc. *	48,700		1,199,481
Ceradyne, Inc. *	17,060		625,420
Commercial Metals Company	42,366		715,562
Dover Corp.	30,860		1,251,373
EMCOR Group, Inc. *	17,100		450,072
Esterline Technologies Corp. *	9,300		368,187
Flowserve Corp.	15,800		1,402,566
Gardner Denver, Inc. *	27,500		954,800
GrafTech International, Ltd. *	19,100		288,601
Harsco Corp.	16,739		622,524
J.B. Hunt Transport Services, Inc.	29,600		987,752
Joy Global, Inc.	27,600		1,245,864
Landstar Systems, Inc.	15,900		700,554
Lennox International, Inc.	27,600		918,252
Manitowoc Company, Inc.	35,600		553,580
Overseas Shipholding Group, Inc.	11,600		676,396
Parker-Hannifin Corp.	32,700		1,733,100
Precision Castparts Corp.	19,080		1,503,122
Robbins & Myers, Inc.	9,300		287,649
SPX Corp.	13,400		1,031,800
Teledyne Technologies, Inc. *	12,000		685,920
Vishay Intertechnology, Inc. *	106,177		702,892
Werner Enterprises, Inc.	31,200		677,352
Woodward Governor Company	14,800		521,996
			24,645,393
Technology - 9.10%
Affiliated Computer Services, Inc., Class A *	34,900		1,766,987
BMC Software, Inc. *	89,500		2,562,385
Emulex Corp. *	45,100		481,217
Integrated Device Technology, Inc. *	63,300		492,474
Lam Research Corp. *	97,745		3,077,990
LSI Logic Corp. *	188,700		1,011,432
MKS Instruments, Inc. *	47,900		953,689
NetApp, Inc. *	28,800		525,024
Parametric Technology Corp. *	49,800		916,320
Seagate Technology	74,500		902,940
Sybase, Inc. *	43,541		1,333,225
Synopsys, Inc. *	48,800		973,560
Triquint Semiconductor, Inc. *	57,800		276,862
Varian Semiconductor Equipment Associates,
Inc. *	19,350		486,072
Western Digital Corp. *	33,900		722,748
			16,482,925
Utilities - 7.34%
American Water Works Company, Inc.	24,600		528,900

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

267

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Intersection Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
Atmos Energy Corp.		11,700	$	311,454
CenterPoint Energy, Inc.		76,480		1,114,314
DPL, Inc.		26,800		664,640
Energen Corp.		28,100		1,272,368
Hawaiian Electric Industries, Inc.		34,300		998,473
Integrys Energy Group, Inc.		9,900		494,406
MDU Resources Group, Inc.		81,029		2,349,841
Pepco Holdings, Inc.		75,292		1,724,940
SCANA Corp.		33,100		1,288,583
UGI Corp.		98,680		2,543,970
				13,291,889
TOTAL COMMON STOCKS (Cost $208,722,716)			$	179,182,814
REPURCHASE AGREEMENTS - 0.91%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$1,657,058 on 10/1/2008,
collateralized by $1,580,000
Federal National Mortgage
Association, 6.00% due
04/18/2036 (valued at $1,693,823,
including interest)	$	1,657,000	$	1,657,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,657,000)			$	1,657,000
Total Investments (Mid Cap Intersection Trust)
(Cost $210,379,716) - 99.81%			$	180,839,814
Other Assets in Excess of Liabilities - 0.19%				337,633
TOTAL NET ASSETS - 100.00%			$	181,177,447
Mid Cap Stock Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 95.01%
Basic Materials - 6.06%
Cliffs Natural Resources, Inc.		132,000	$	6,988,080
FMC Corp.		265,600		13,649,184
Freeport-McMoRan Copper & Gold, Inc.,
Class B		106,790		6,071,012
Kingboard Chemical Holdings, Ltd.		2,955,800		10,092,534
Nucor Corp.		215,300		8,504,350
Solutia, Inc. *		594,551		8,323,714
				53,628,874
Communications - 10.64%
Ariba, Inc. *		816,400		11,535,732
Atheros Communications, Inc. *		471,800		11,125,044
Baidu.com, Inc., SADR *		26,000		6,453,980
Ctrip.com International, Ltd., ADR		178,000		6,872,580
Equinix, Inc. *		136,400		9,474,344
Focus Media Holding, Ltd., ADR * (a)		435,300		12,410,403
McAfee, Inc. *		477,400		16,212,504
Metropcs Communications, Inc. *		1,004,800		14,057,152

Mid Cap Stock Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
NICE Systems, Ltd., ADR *	223,911	$	6,099,336
			94,241,075
Consumer, Cyclical - 15.81%
Advance Auto Parts, Inc.	354,900		14,075,334
Aeropostale, Inc. *	280,500		9,006,855
ASICS Corp.	999,300		7,768,651
BJ's Wholesale Club, Inc. *	376,389		14,626,477
Burger King Holdings, Inc.	232,100		5,700,376
Dick's Sporting Goods, Inc. *	441,200		8,638,696
DreamWorks Animation SKG, Inc., Class A *	462,161		14,534,963
Kohl's Corp. *	195,800		9,022,464
Liz Claiborne, Inc.	159,994		2,628,701
Marvel Entertainment, Inc. *	373,400		12,747,876
PACCAR, Inc.	251,600		9,608,604
Staples, Inc.	486,800		10,953,000
The Gap, Inc.	710,000		12,623,800
Titan International, Inc.	377,671		8,051,946
			139,987,743
Consumer, Non-cyclical - 28.04%
Alexion Pharmaceuticals, Inc. *	164,400		6,460,920
Alkermes, Inc. *	369,999		4,920,987
Alliance Data Systems Corp. *	119,500		7,573,910
Amylin Pharmaceuticals, Inc. *	342,833		6,932,083
Auxilium Pharmaceuticals, Inc. *	196,800		6,376,320
Cephalon, Inc. *	255,683		19,812,876
Charles River Laboratories International, Inc. *	260,500		14,465,565
Elan Corp. PLC, SADR *	511,900		5,461,973
Global Payments, Inc.	154,800		6,944,328
Interactive Data Corp.	381,800		9,628,996
ITT Educational Services, Inc. *	79,000		6,391,890
Jarden Corp. *	740,204		17,357,784
McKesson Corp.	234,200		12,602,302
Medicines Company *	218,561		5,074,986
Mindray Medical International, Ltd., ADR	341,600		11,522,168
Net 1 UEPS Technologies, Inc. *	414,600		9,258,018
Onyx Pharmaceuticals, Inc. *	174,400		6,309,792
Pharmaceutical Product Development, Inc.	427,700		17,685,395
Regeneron Pharmaceuticals, Inc. *	295,600		6,452,948
Shionogi & Company, Ltd.	747,753		15,145,276
St. Jude Medical, Inc. *	333,200		14,490,868
Varian Medical Systems, Inc. *	232,500		13,282,725
Western Union Company	980,760		24,195,349
			248,347,459
Energy - 8.54%
Arch Coal, Inc.	228,400		7,512,076
Chesapeake Energy Corp.	286,772		10,283,644
CONSOL Energy, Inc.	158,200		7,259,798
Covanta Holding Corp. *	573,900		13,739,166
EOG Resources, Inc.	126,600		11,325,636
Forest Oil Corp. *	187,900		9,319,840
SunPower Corp., Class A *	117,400		8,327,182
Ultra Petroleum Corp. *	142,500		7,885,950
			75,653,292

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

268

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Stock Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Financial - 3.09%
Arch Capital Group, Ltd. *		91,176	$	6,658,583
Comerica, Inc.		147,400		4,833,246
Marsh & McLennan Companies, Inc.		340,100		10,801,576
Redecard SA		384,100		5,022,023
				27,315,428
Industrial - 15.87%
Aecom Technology Corp. *		673,220		16,453,497
Chicago Bridge & Iron Company N.V.		376,500		7,243,860
FLIR Systems, Inc. *		515,900		19,820,878
Flowserve Corp.		121,140		10,753,598
Hansen Transmissions International NV *		1,965,182		8,191,475
Itron, Inc. *		90,500		8,011,965
Kansas City Southern *		218,600		9,697,096
Manitowoc Company, Inc.		666,700		10,367,185
Pall Corp.		317,200		10,908,508
Precision Castparts Corp.		104,700		8,248,266
Rolls-Royce Group PLC *		1,016,397		6,154,251
Snap-on, Inc.		288,500		15,192,410
Teledyne Technologies, Inc. *		166,400		9,511,424
				140,554,413
Technology - 6.96%
BMC Software, Inc. *		439,500		12,582,885
Electronic Arts, Inc. *		224,900		8,319,051
Lam Research Corp. *		280,100		8,820,349
Red Hat, Inc. *		693,200		10,446,524
Solera Holdings, Inc. *		359,700		10,330,584
UbiSoft Entertainment SA *		159,795		11,116,191
				61,615,584
TOTAL COMMON STOCKS (Cost $907,125,337)			$	841,343,868
SHORT TERM INVESTMENTS - 1.27%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	11,241,328$	$	11,241,328
TOTAL SHORT TERM INVESTMENTS
(Cost $11,241,328)			$	11,241,328
REPURCHASE AGREEMENTS - 4.82%
Deutsche Bank Tri-Party Repurchase
Agreement dated 09/30/2008 at
2.25% to be repurchased at
$42,702,669 on 10/01/2008,
collateralized by $84,508,149
Federal National Mortgage
Association, 6.50% due
06/01/2029 (valued at
$43,554,001, including interest)	$	42,700,000	$	42,700,000
TOTAL REPURCHASE AGREEMENTS
(Cost $42,700,000)			$	42,700,000
Total Investments (Mid Cap Stock Trust)
(Cost $961,066,665) - 101.10%			$	895,285,196
Liabilities in Excess of Other Assets - (1.10)%				(9,702,930)
TOTAL NET ASSETS - 100.00%			$	885,582,266

Mid Cap Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 97.45%
Basic Materials - 3.65%
Eastman Chemical Company	95,738	$	5,271,334
MeadWestvaco Corp.	129,021		3,007,480
Valspar Corp.	111,900		2,494,251
			10,773,065
Communications - 20.46%
ADC Telecommunications, Inc. *	405,753		3,428,613
CenturyTel, Inc.	191,047		7,001,873
Embarq Corp.	215,900		8,754,745
Gannett Company, Inc.	88,300		1,493,153
Idearc, Inc.	302,800		378,500
Interpublic Group of Companies, Inc. *	929,294		7,202,028
JDS Uniphase Corp. *	695,125		5,880,757
McAfee, Inc. *	215,846		7,330,130
Qwest Communications International, Inc. (a)	2,376,012		7,674,519
Tellabs, Inc. *	909,000		3,690,540
Windstream Corp.	691,800		7,568,292
			60,403,150
Consumer, Cyclical - 10.05%
ArvinMeritor, Inc.	172,600		2,250,704
Brinker International, Inc.	253,552		4,536,045
Foot Locker, Inc.	197,674		3,194,412
Genuine Parts Company	143,607		5,774,437
Goodyear Tire & Rubber Company *	264,900		4,055,619
Macy's, Inc.	182,248		3,276,819
OfficeMax, Inc.	359,355		3,194,666
W.W. Grainger, Inc.	39,012		3,392,874
			29,675,576
Consumer, Non-cyclical - 21.10%
Arbitron, Inc.	100,600		4,495,814
Archer-Daniels-Midland Company	78,900		1,728,699
Coca-Cola Enterprises, Inc.	332,544		5,576,763
Covidien, Ltd.	100,105		5,381,645
Dean Foods Company *	193,400		4,517,824
Healthsouth Corp. * (a)	202,515		3,732,352
King Pharmaceuticals, Inc. *	749,271		7,178,016
Mylan, Inc. * (a)	722,812		8,254,513
R.R. Donnelley & Sons Company	249,861		6,129,090
Safeway, Inc.	182,627		4,331,912
Smithfield Foods, Inc. *	255,804		4,062,168
The Kroger Company	197,400		5,424,552
Tyson Foods, Inc., Class A	122,500		1,462,650
			62,275,998
Energy - 6.20%
EOG Resources, Inc.	55,885		4,999,472
Halliburton Company	159,606		5,169,638
Range Resources Corp.	97,200		4,166,964
Transocean, Inc. *	36,051		3,959,842
			18,295,916
Financial - 8.83%
ACE, Ltd.	98,637		5,339,221
Comerica, Inc.	113,300		3,715,107
Conseco, Inc. *	386,537		1,360,610
Fifth Third Bancorp	227,100		2,702,490
M&T Bank Corp.	46,500		4,150,125

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

269

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Financial (continued)
PartnerRe, Ltd.		49,085	$	3,342,198
Sovereign Bancorp, Inc.		387,100		1,529,045
Zions Bancorp (a)		101,900		3,943,530
				26,082,326
Industrial - 14.62%
Allied Waste Industries, Inc. *		425,500		4,727,305
Ball Corp.		147,878		5,839,702
Cummins, Inc.		72,632		3,175,471
Hubbell, Inc., Class B		78,863		2,764,148
KBR, Inc.		166,018		2,535,095
Owens Corning, Inc. *		92,800		2,218,848
Pactiv Corp. *		307,527		7,635,895
Pentair, Inc.		28,200		974,874
Snap-on, Inc.		116,466		6,133,100
Textron, Inc.		46,500		1,361,520
Timken Company		203,856		5,779,318
				43,145,276
Technology - 1.60%
Marvell Technology Group, Ltd. *		184,800		1,718,640
Sybase, Inc. *		97,965		2,999,688
				4,718,328
Utilities - 10.94%
Ameren Corp.		211,358		8,249,303
CMS Energy Corp.		579,877		7,231,066
NiSource, Inc.		413,649		6,105,459
Northeast Utilities		351,179		9,007,742
Southwest Gas Corp.		56,555		1,711,354
				32,304,924
TOTAL COMMON STOCKS (Cost $370,345,236)			$	287,674,559
SHORT TERM INVESTMENTS - 5.21%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	15,368,843	$	15,368,843
TOTAL SHORT TERM INVESTMENTS
(Cost $15,368,843)			$	15,368,843
REPURCHASE AGREEMENTS - 2.82%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$8,318,289 on 10/1/2008,
collateralized by $8,465,000
Federal Home Loan Mortgage
Corp., 4.15% due 01/29/2013
(valued at $8,488,363, including
interest)	$	8,318,000	$	8,318,000
TOTAL REPURCHASE AGREEMENTS
(Cost $8,318,000)			$	8,318,000
Total Investments (Mid Cap Value Trust)
(Cost $394,032,079) - 105.48%			$	311,361,402
Liabilities in Excess of Other Assets - (5.48)%				(16,165,024)
TOTAL NET ASSETS - 100.00%			$	295,196,378

Mid Cap Value Equity Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 97.38%
Basic Materials - 6.58%
Eastman Chemical Company	19,384	$	1,067,283
Freeport-McMoRan Copper & Gold, Inc.,
Class B	6,896		392,038
Lubrizol Corp.	11,313		488,043
MeadWestvaco Corp.	18,425		429,487
Nucor Corp.	7,111		280,884
PPG Industries, Inc.	12,664		738,564
Rayonier, Inc.	12,349		584,725
			3,981,024
Communications - 3.98%
CenturyTel, Inc.	9,767		357,961
Embarq Corp.	7,470		302,908
Interpublic Group of Companies, Inc. *	40,269		312,085
McAfee, Inc. *	16,650		565,434
Qwest Communications International, Inc. (a)	97,410		314,634
Tellabs, Inc. *	52,081		211,449
Windstream Corp.	31,610		345,813
			2,410,284
Consumer, Cyclical - 18.43%
AMR Corp. *	21,723		213,320
ArvinMeritor, Inc.	27,022		352,367
Bed Bath & Beyond, Inc. *	13,884		436,096
Centex Corp.	4,774		77,339
Continental Airlines, Inc., Class B *	11,017		183,764
D.R. Horton, Inc.	7,503		97,689
Delta Air Lines, Inc. *	19,681		146,623
Family Dollar Stores, Inc.	36,502		865,097
Ford Motor Company *	305,788		1,590,098
General Motors Corp.	21,281		201,105
Genuine Parts Company	4,040		162,448
Goodyear Tire & Rubber Company *	10,889		166,711
Hasbro, Inc.	10,184		353,588
J.C. Penney Company, Inc.	5,122		170,768
Johnson Controls, Inc.	5,005		151,802
KB Home	4,656		91,630
Kohl's Corp. *	15,513		714,839
Liz Claiborne, Inc.	13,082		214,937
Macy's, Inc.	31,051		558,297
Magna International, Inc., Class A	2,361		120,860
Mohawk Industries, Inc. *	4,690		316,059
National Cinemedia, Inc.	23,571		260,460
Nordstrom, Inc.	6,550		188,771
Northwest Airlines Corp. *	18,977		171,362
Pulte Homes, Inc.	6,217		86,852
Regal Entertainment Group, Class A	36,553		576,806
Royal Caribbean Cruises, Ltd.	41,530		861,748
UAL Corp. *	5,196		45,673
US Airways Group, Inc. *	24,282		146,420
VF Corp.	9,283		717,669
WABCO Holdings, Inc.	8,256		293,418
Whirlpool Corp.	7,827		620,603
			11,155,219
Consumer, Non-cyclical - 7.82%
Deluxe Corp.	8,807		126,733
Dun & Bradstreet Corp.	2,484		234,390

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

270

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Hospira, Inc. *	4,620	$	176,484
King Pharmaceuticals, Inc. *	22,031		211,057
Lorillard, Inc.	32,870		2,338,701
McKesson Corp.	4,562		245,481
Mylan, Inc. *	78,196		892,998
Ritchie Brothers Auctioneers, Inc.	21,635		505,394
			4,731,238
Energy - 13.05%
BJ Services Company	45,746		875,121
Cameron International Corp. *	16,755		645,738
Chesapeake Energy Corp.	7,077		253,781
El Paso Corp.	39,402		502,769
Enbridge, Inc.	23,235		885,021
ENSCO International, Inc.	3,543		204,183
Frontier Oil Corp.	3,001		55,278
Hess Corp.	3,374		276,938
Nabors Industries, Ltd. *	6,393		159,313
National Oilwell Varco, Inc. *	4,139		207,902
Newfield Exploration Company *	17,097		546,933
Pioneer Natural Resources Company	15,146		791,833
Questar Corp.	6,829		279,443
Smith International, Inc.	5,586		327,563
Southwestern Energy Company *	18,255		557,508
Sunoco, Inc.	5,739		204,194
Tesoro Corp.	6,376		105,140
Transocean, Inc. *	4,083		448,477
Ultra Petroleum Corp. *	1,650		91,311
Weatherford International, Ltd. *	18,921		475,674
			7,894,120
Financial - 18.46%
ACE, Ltd.	7,934		429,467
Aon Corp.	30,064		1,351,678
Assurant, Inc.	10,401		572,055
Avalon Bay Communities, Inc., REIT	5,308		522,413
Axis Capital Holdings, Ltd.	18,644		591,201
Boston Properties, Inc., REIT	2,898		271,427
Equity Residential, REIT	14,293		634,752
Everest Re Group, Ltd.	17,253		1,492,902
Invesco, Ltd.	13,640		286,167
Lincoln National Corp.	8,610		368,594
Loews Corp.	5,961		235,400
Marsh & McLennan Companies, Inc.	17,740		563,422
PartnerRe, Ltd.	18,370		1,250,813
Simon Property Group, Inc., REIT	5,745		557,265
The St. Joe Company * (a)	9,951		388,985
Ventas, Inc., REIT	3,768		186,215
Willis Group Holdings, Ltd.	10,845		349,860
XL Capital, Ltd., Class A	62,408		1,119,600
			11,172,216
Industrial - 17.79%
A.O. Smith Corp.	10,567		414,121
AGCO Corp. *	8,922		380,166
Celestica, Inc. *	67,975		437,759
Chicago Bridge & Iron Company N.V.	13,353		256,912
Cooper Industries, Ltd., Class A	18,866		753,697

Mid Cap Value Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
CSX Corp.	15,509	$	846,326
Cummins, Inc.	6,627		289,732
Eaton Corp.	17,995		1,010,959
Flextronics International, Ltd. *	57,265		405,436
Fluor Corp.	6,048		336,874
Foster Wheeler, Ltd. *	3,337		120,499
Goodrich Corp.	15,769		655,990
Ingersoll-Rand Company, Ltd., Class A	25,303		788,695
Insituform Technologies, Inc., Class A *	4,987		74,606
Jacobs Engineering Group, Inc. *	2,481		134,743
Kansas City Southern *	20,135		893,189
KBR, Inc.	6,241		95,300
Manitowoc Company, Inc.	18,557		288,561
McDermott International, Inc. *	11,164		285,240
Parker-Hannifin Corp.	2,564		135,892
Reddy Ice Holdings, Inc.	15,621		57,017
Rockwell Automation, Inc.	7,667		286,286
Spirit Aerosystems Holdings, Inc., Class A *	12,129		194,913
Stanley Works	18,715		781,164
Terex Corp. *	10,313		314,753
Textron, Inc.	6,205		181,682
Timken Company	6,200		175,770
USG Corp. *	6,529		167,142
			10,763,424
Technology - 7.36%
Agilent Technologies, Inc. *	21,930		650,444
BMC Software, Inc. *	18,755		536,955
Computer Sciences Corp. *	11,773		473,157
Intersil Corp., Class A	18,338		304,044
LSI Logic Corp. *	100,638		539,420
Maxim Integrated Products, Inc.	28,056		507,813
Microchip Technology, Inc.	18,462		543,337
Micron Technology, Inc. *	65,143		263,829
National Semiconductor Corp.	27,761		477,767
Pitney Bowes, Inc.	4,642		154,393
			4,451,159
Utilities - 3.91%
Allegheny Energy, Inc.	3,777		138,880
Consolidated Edison, Inc.	4,389		188,552
DTE Energy Company	4,537		182,024
Mirant Corp. *	5,437		99,443
NiSource, Inc.	10,667		157,445
PG&E Corp.	9,231		345,701
Pinnacle West Capital Corp.	4,920		169,297
Sempra Energy	14,472		730,402
Wisconsin Energy Corp.	7,877		353,677
			2,365,421
TOTAL COMMON STOCKS (Cost $74,373,071)		$	58,924,105
CONVERTIBLE BONDS - 0.41%
Communications - 0.41%
Qwest Communications International, Inc.
3.50% due 11/15/2025	289,000		250,759
TOTAL CONVERTIBLE BONDS (Cost $379,795)		$	250,759

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

271

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Cap Value Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 2.68%
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2008	$	1,300,000	$	1,300,000
John Hancock Cash
Investment Trust, 2.6453% (c)(f)		322,634		322,634
TOTAL SHORT TERM INVESTMENTS
(Cost $1,622,634)			$	1,622,634
Total Investments (Mid Cap Value Equity Trust)
(Cost $76,375,500) - 100.47%			$	60,797,498
Liabilities in Excess of Other Assets - (0.47)%				(285,143)
TOTAL NET ASSETS - 100.00%			$	60,512,355
Mid Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 89.04%
Basic Materials - 6.31%
Alcoa, Inc.		56,800	$	1,282,544
AngloGold Ashanti, Ltd., SADR		49,500		1,143,450
Biogen Idec, Inc. *		5,500		276,595
Domtar Corp. *		126,800		583,280
Franco-Nevada Corp.		35,600		713,780
International Flavors & Fragrances, Inc.		8,400		331,464
International Paper Company		59,300		1,552,474
Weyerhaeuser Company		35,700		2,162,706
				8,046,293
Communications - 8.26%
Alcatel-Lucent, SADR *		55,900		214,656
Cablevision Systems Corp., Class A		1,800		45,288
Cox Radio, Inc., Class A *		17,500		184,800
Discovery Communications, Inc., Series A *		12,050		171,713
Discovery Communications, Inc., Series C *		15,350		217,356
DISH Network Corp. *		41,400		869,400
EW Scripps Co.		19,633		138,805
Expedia, Inc. *		30,300		457,833
Gannett Company, Inc.		20,700		350,037
Meredith Corp.		67,000		1,878,680
Motorola, Inc.		159,400		1,138,116
Scholastic Corp.		56,124		1,441,264
Scripps Networks Interactive, Inc., Class A		20,800		755,248
Telephone & Data Systems, Inc. - Special
Shares		23,300		836,470
Telephone & Data Systems, Inc.		8,300		296,725
The New York Times Company, Class A		10,800		154,332
Time Warner Cable, Inc. *		36,500		883,300
Viacom, Inc., Class B *		20,100		499,284
				10,533,307
Consumer, Cyclical - 9.07%
Ascent Media Corp *		1,135		27,705
Bed Bath & Beyond, Inc. *		23,200		728,712
Brinker International, Inc.		26,900		481,241
Brunswick Corp.		12,800		163,712
Cintas Corp.		21,100		605,781
Dillard's, Inc., Class A (a)		41,300		487,340

Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Family Dollar Stores, Inc.	21,200	$	502,440
Harman International Industries, Inc.	5,000		170,350
Mattel, Inc.	95,000		1,713,800
Southwest Airlines Company	215,500		3,126,905
Starbucks Corp. *	7,200		107,064
The Gap, Inc.	111,200		1,977,136
The TJX Companies, Inc.	13,900		424,228
TRW Automotive Holdings Corp. *	65,800		1,046,878
			11,563,292
Consumer, Non-cyclical - 18.61%
Alberto-Culver Company	57,500		1,566,300
Boston Scientific Corp. *	149,100		1,829,457
Brown Forman Corp., Class B	5,200		373,412
Career Education Corp. *	51,000		833,850
Coca-Cola Enterprises, Inc.	65,600		1,100,112
ConAgra Foods, Inc.	43,400		844,564
Equifax, Inc.	17,200		592,540
Fortune Brands, Inc.	31,400		1,801,104
Health Net, Inc. *	15,500		365,800
Healthsouth Corp. * (a)	119,360		2,199,805
Hershey Company	50,200		1,984,908
Lincare Holdings, Inc. *	43,700		1,314,933
Manpower, Inc.	30,500		1,316,380
McCormick & Company, Inc.	9,700		372,965
OSI Pharmaceuticals, Inc. *	9,800		483,042
Sara Lee Corp.	26,600		335,958
Sepracor, Inc. *	57,300		1,049,163
St. Jude Medical, Inc. *	12,100		526,229
Sysco Corp.	64,000		1,973,120
Tootsie Roll Industries, Inc. (a)	18,881		545,850
Valeant Pharmaceuticals International *	22,300		456,481
Weight Watchers International, Inc.	32,550		1,191,330
Zimmer Holdings, Inc. *	10,300		664,968
			23,722,271
Energy - 8.08%
Baker Hughes, Inc.	15,200		920,208
BJ Services Company	62,700		1,199,451
Cimarex Energy Company	34,200		1,672,722
Compton Petroleum Corp. *	25,900		142,191
Duke Energy Corp.	48,100		838,383
Exterran Holdings, Inc. *	17,702		565,756
Forest Oil Corp. *	12,400		615,040
Murphy Oil Corp.	29,000		1,860,060
Nexen, Inc.	59,800		1,389,154
Petro-Canada	32,900		1,097,215
			10,300,180
Financial - 20.77%
Axis Capital Holdings, Ltd.	35,800		1,135,218
Cincinnati Financial Corp.	61,800		1,757,592
Commerce Bancshares, Inc.	38,578		1,790,019
Cullen Frost Bankers, Inc.	2,600		156,000
Discover Financial Services	114,400		1,581,008
First American Corp.	24,700		728,650
First Horizon National Corp.	27,414		256,598
First Niagara Financial Group, Inc.	98,000		1,543,500

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

272

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mid Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Janus Capital Group, Inc.	64,500	$	1,566,060
Legg Mason, Inc.	47,400		1,804,044
Marsh & McLennan Companies, Inc.	51,400		1,632,464
Montpelier Re Holdings, Ltd.	15,700		259,207
National City Corp. (a)	185,800		325,150
Northern Trust Corp.	20,200		1,458,440
OneBeacon Insurance Group, Ltd.	34,300		725,445
Progressive Corp.	71,200		1,238,880
SLM Corp. *	78,500		968,690
The St. Joe Company * (a)	43,200		1,688,688
The Travelers Companies, Inc.	13,617		615,489
Valley National Bancorp (a)	42,992		901,112
WestAmerica Bancorp (a)	17,500		1,006,775
Willis Group Holdings, Ltd.	58,800		1,896,888
Wilmington Trust Corp. (a)	50,000		1,441,500
			26,477,417
Industrial - 4.91%
Allied Waste Industries, Inc. *	29,549		328,289
AVX Corp.	95,100		969,069
Dover Corp.	8,000		324,400
Molex, Inc.	74,800		1,556,588
Nalco Holding Company	53,700		995,598
Tyco Electronics, Ltd.	50,700		1,402,362
Waters Corp. *	11,700		680,706
			6,257,012
Technology - 4.79%
ASML Holding NV	17,600		309,936
Automatic Data Processing, Inc.	13,100		560,025
Electronic Arts, Inc. *	14,000		517,860
Fairchild Semiconductor International, Inc. *	100,900		897,001
Novellus Systems, Inc. *	83,000		1,630,120
Raytheon Company	1,600		85,616
Seagate Technology	43,700		529,644
Teradyne, Inc. *	89,400		698,214
Total Systems Services, Inc.	45,786		750,891
Xilinx, Inc.	5,100		119,595
			6,098,902
Utilities - 8.24%
Ameren Corp.	21,000		819,630
Calpine Corp. *	31,100		404,300
Constellation Energy Group, Inc.	63,100		1,533,330
Dynegy, Inc., Class A *	293,500		1,050,730
Mirant Corp. *	91,100		1,666,219
NiSource, Inc.	119,900		1,769,724
NRG Energy, Inc. *	27,100		670,725
Pinnacle West Capital Corp.	58,700		2,019,867
PNM Resources, Inc.	41,600		425,984
Teco Energy, Inc.	9,300		146,289
			10,506,798
TOTAL COMMON STOCKS (Cost $130,837,603)		$	113,505,472

Mid Value Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS - 1.49%
Basic Materials - 0.17%
Newmont Mining Corp.
1.625% due 07/15/2017	$	210,000	$	214,219
Financial - 1.21%
AngloGold Ashanti Holdings PLC, Series REGS
2.375% due 02/27/2009		1,600,000		1,547,200
Industrial - 0.11%
Allied Waste North America, Inc.
4.25% due 04/15/2034		151,000		141,511
TOTAL CORPORATE BONDS (Cost $2,032,775)				1,902,930
CONVERTIBLE BONDS - 1.43%
Basic Materials - 0.36%
Newmont Mining Corp.
1.625% due 07/15/2017 (g)		446,000		454,960
Communications - 1.07%
Lucent Technologies, Inc., Series B
2.75% due 06/15/2025		1,960,000		1,361,371
TOTAL CONVERTIBLE BONDS (Cost $2,430,858)			$	1,816,331
SHORT TERM INVESTMENTS - 11.13%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	4,603,725	$	4,603,725
T. Rowe Price Reserve Investment Fund,
2.7528%		9,558,313		9,587,885
TOTAL SHORT TERM INVESTMENTS
(Cost $14,191,609)			$	14,191,610
REPURCHASE AGREEMENTS - 0.79%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$1,000,035 on 10/1/2008,
collateralized by $930,000 Federal
National Mortgage Association,
5.625% due 07/15/2037 (valued at
$1,020,805, including interest)	$	1,000,000	$	1,000,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,000,000)			$	1,000,000
Total Investments (Mid Value Trust)
(Cost $150,492,845) - 103.88%			$	132,416,343
Liabilities in Excess of Other Assets - (3.88)%				(4,944,670)
TOTAL NET ASSETS - 100.00%			$	127,471,673
Money Market Trust
		Shares or
		Principal
		Amount		Value
COMMERCIAL PAPER - 16.54%
Consumer, Cyclical - 2.09%
E.I. Dupont
2.03% due 10/02/2008		55,000,000	$	54,996,899

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

273

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Money Market Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMERCIAL PAPER (continued)
Consumer, Cyclical (continued)
Proctor Gamble & Company
2.00% due 10/08/2008	33,500,000	$	33,486,972
			88,483,871
Financial - 14.45%
Abbey National North America LLC
1.70% due 10/01/2008	35,000,000		35,000,000
1.95% due 10/07/2008	70,000,000		69,977,250
American Honda Finance Corp.
2.35% due 10/03/2008	24,500,000		24,496,801
2.75% due 10/01/2008	35,000,000		35,000,000
Bank of Nova Scotia
3.30% due 10/07/2008	75,000,000		74,958,750
3.50% due 10/08/2008	35,000,000		34,976,181
Lloyds Bank PLC
2.24% due 10/02/2008	75,000,000		74,995,333
4.95% due 10/01/2008	125,000,000		125,000,000
Rabobank USA Financial Corp.
0.20% due 10/01/2008	45,565,000		45,565,000
Royal Bank of Canada
2.315% due 10/03/2008	25,000,000		24,996,785
Toronto Dominion Holdings USA, Inc.
2.375% due 10/07/2008	15,000,000		14,994,062
UBS Finance Delaware LLC
3.00% due 10/01/2008	50,000,000		50,000,000
			609,960,162
TOTAL COMMERCIAL PAPER (Cost $698,444,033)		$	698,444,033
U.S. GOVERNMENT AGENCY OBLIGATIONS - 61.13%
Federal Home Loan Bank - 22.47%
Federal Home Loan Bank Discount Notes
1.25% due 11/14/2008	18,750,000		18,721,354
2.05% due 10/03/2008	147,729,000		147,711,592
2.10% due 10/01/2008 to 10/06/2008	250,000,000		249,940,972
2.13% due 10/10/2008	100,000,000		99,950,000
2.25% due 10/15/2008	100,000,000		99,912,500
2.29% due 10/07/2008	100,000,000		99,961,833
2.32% due 10/20/2008	156,745,000		156,553,674
2.35% due 10/22/2008	993,000		991,639
2.36% due 10/14/2008	74,905,000		74,841,164
			948,584,728
Federal Home Loan Mortgage Corp. - 17.47%
Federal Home Loan Mortgage Corp. Discount Notes
1.20% due 10/23/2008	17,381,000		17,368,254
1.50% due 11/10/2008	30,000,000		29,950,000
1.537% due 11/12/2008	50,000,000		49,889,167
1.90% due 11/04/2008	100,000,000		99,820,555
1.95% due 10/20/2008	25,000,000		24,974,271
2.03% due 10/14/2008	168,282,000		168,152,501
2.05% due 10/06/2008	12,195,000		12,191,528
2.08% due 10/10/2008	50,000,000		49,974,000
2.20% due 10/17/2008	100,000,000		99,902,222
2.25% due 11/13/2008	65,000,000		64,825,312
2.30% due 11/03/2008	50,247,000		50,141,063
2.35% due 11/17/2008	70,285,000		70,069,362
			737,258,235

Money Market Trust (continued)
	Shares or
	Principal
	Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association - 21.19%
Federal National Mortgage Association Discount
Notes
1.455% due 10/06/2008	80,000,000	$	79,977,222
1.50% due 11/07/2008	25,000,000		24,961,458
1.60% due 11/12/2008	50,000,000		49,906,667
1.95% due 10/29/2008	16,186,000		16,160,826
2.00% due 10/21/2008	40,000,000		39,955,555
2.08% due 10/08/2008 to 11/03/2008	403,838,000		403,367,727
2.10% due 10/15/2008	7,102,000		7,096,200
2.15% due 10/20/2008	100,000,000		99,886,528
2.251% due 10/01/2008	49,447,000		49,447,000
2.35% due 11/10/2008	124,265,000		123,938,835
			894,698,018
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $2,580,540,981)	$ 2,580,540,981
U.S. TREASURY OBLIGATIONS - 22.02%
U.S. Treasury Bills - 22.02%
U.S. Treasury Bills
1.31% due 10/16/2008	43,800,000		43,776,093
1.695% due 11/28/2008	70,000,000		69,808,842
1.71% due 01/15/2009	135,000,000		134,305,847
1.79% due 12/04/2008 to 02/19/2009	275,000,000		273,847,810
1.81% due 11/13/2008 to 12/26/2008	260,000,000		259,015,443
1.82% due 02/26/2009	50,000,000		49,625,889
1.87% due 01/29/2009	50,000,000		49,688,333
1.90% due 02/05/2009	50,000,000		49,664,861
			929,733,118
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $929,733,118)		$	929,733,118
Total Investments (Money Market Trust)
(Cost $4,208,718,132) - 99.69%		$	4,208,718,132
Other Assets in Excess of Liabilities - 0.31%			13,019,991
TOTAL NET ASSETS - 100.00%		$	4,221,738,123
Money Market Trust B
	Shares or
	Principal
	Amount		Value
COMMERCIAL PAPER - 18.06%
Financial - 18.06%
American Honda Finance Corp.
2.750% due 10/01/2008	30,000,000	$	30,000,000
BMW US Capital LLC
2.070% due 10/03/2008	17,000,000		16,998,045
BNP Paribas Finance, Inc.
2.370% due 10/03/2008	14,800,000		14,798,052
Lloyds TSB Bank PLC
4.950% due 10/01/2008	30,000,000		30,000,000
Rabobank USA Financial Corp.
2.185% due 10/03/2008	15,000,000		14,998,179

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

274

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Money Market Trust B (continued)
	Shares or
	Principal
	Amount		Value
COMMERCIAL PAPER (continued)
Financial (continued)
UBS Finance Delaware LLC
3.000% due 10/01/2008	17,230,000	$	17,230,000
			124,024,276
TOTAL COMMERCIAL PAPER (Cost $124,024,276)		$	124,024,276
U.S. GOVERNMENT AGENCY OBLIGATIONS - 58.93%
Federal Home Loan Bank - 19.92%
Federal Home Loan Bank Discount Notes
2.050% due 10/03/2008	40,000,000		39,995,444
2.070% due 10/27/2008	40,000,000		39,940,200
2.100% due 10/17/2008	30,000,000		29,972,000
2.130% due 10/10/2008	8,016,000		8,011,732
2.255% due 10/02/2008	18,859,000		18,857,819
			136,777,195
Federal Home Loan Mortgage Corp. - 20.37%
Federal Home Loan Mortgage Corp. Discount Notes
1.900% due 11/05/2008	30,000,000		29,944,583
2.050% due 10/20/2008	30,000,000		29,967,542
2.080% due 10/20/2008	37,553,000		37,511,775
2.095% due 10/06/2008	22,495,000		22,488,455
2.300% due 11/17/2008	20,000,000		19,939,944
			139,852,299
Federal National Mortgage
Association - 18.64%
Federal National Mortgage Association Discount
Notes
1.600% due 11/10/2008	33,068,000		33,009,212
2.020% due 10/20/2008	13,950,000		13,935,128
2.090% due 10/22/2008	10,000,000		9,987,808
2.100% due 11/03/2008	25,000,000		24,951,875
2.150% due 10/20/2008 to 10/22/2008	46,195,000		46,140,083
			128,024,106
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $404,653,600)		$	404,653,600
U.S. TREASURY OBLIGATIONS - 23.19%
U.S. Treasury Bills - 23.19%
U.S. Treasury Bills
zero coupon due 12/04/2008 to
12/11/2008	35,000,000		34,884,232
1.695% due 11/28/2008	15,000,000		14,959,038
1.710% due 01/15/2009	15,000,000		14,924,475
1.780% due 01/15/2009	15,000,000		14,921,383
1.790% due 12/18/2008 to 02/19/2009	30,000,000		29,836,825
1.805% due 11/13/2008	10,000,000		9,978,440
1.820% due 02/26/2009	10,000,000		9,925,178
1.870% due 01/29/2009	15,000,000		14,906,500
1.900% due 02/05/2009	15,000,000		14,899,458
			159,235,529
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $159,235,529)		$	159,235,529
Total Investments (Money Market Trust B)
(Cost $687,913,405) - 100.18%		$	687,913,405
Liabilities in Excess of Other Assets - (0.18)%			(1,259,826)
TOTAL NET ASSETS - 100.00%		$	686,653,579

Mutual Shares Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 86.67%
Bermuda - 0.83%
Tyco Electronics, Ltd.	133,819	$	3,701,434
Canada - 0.33%
ACE Aviation Holdings, Inc. *	68,699		507,375
MDS, Inc. *	80,215		957,983
			1,465,358
Denmark - 1.85%
A P Moller Maersk AS	376		3,270,734
Carlsberg AS, B Shares	24,843		1,894,114
Danske Bank AS	128,143		3,085,363
			8,250,211
France - 3.86%
Carrefour SA	74,776		3,526,205
GDF Suez	32,647		1,698,503
Groupe DANONE	32,777		2,324,934
Pernod-Ricard SA	52,211		4,599,319
Societe Generale	29,257		2,628,147
Suez Environnement SA *	4,544		111,884
Total SA	37,904		2,302,664
			17,191,656
Germany - 4.44%
Allianz SE	15,971		2,189,596
Daimler AG	33,950		1,685,717
Deutsche Post AG	186,736		3,896,155
E.ON AG	52,228		2,628,994
Linde AG	11,710		1,250,461
RWE AG	33,207		3,165,842
Siemens AG	53,243		4,966,347
			19,783,112
Hong Kong - 0.20%
Link, REIT	428,458		890,665
Italy - 0.82%
Banco Popolare Societa Cooperativa	104,037		1,616,157
Intesa Sanpaolo SpA	374,032		2,057,018
			3,673,175
Japan - 0.68%
Japan Tobacco, Inc.	803		3,026,573
Netherlands - 2.96%
DSM NV	44,472		2,103,509
Koninklijke (Royal) KPN NV	150,712		2,176,573
Koninklijke (Royal) Philips Electronics NV	109,440		2,969,389
Royal Dutch Shell PLC, A Shares	150,097		4,422,187
TNT Post Group NV	55,104		1,526,751
			13,198,409
Norway - 1.29%
Orkla ASA	623,536		5,738,028
Singapore - 0.50%
Keppel Corp., Ltd.	404,726		2,236,436
South Korea - 0.74%
KT&G Corp.	44,060		3,288,510

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

275

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Spain - 0.64%
Telefonica SA	119,942	$	2,851,928
Sweden - 0.72%
Ericsson LM, Series B	185,758		1,764,104
SKF AB, B Shares	108,773		1,389,617
Telefonaktiebolaget LM Ericsson, SADR	4,408		41,567
			3,195,288
Switzerland - 2.90%
Nestle SA	167,715		7,248,224
Novartis AG	61,152		3,219,624
Zurich Financial Services AG	8,959		2,480,930
			12,948,778
United Kingdom - 5.42%
BP PLC	248,274		2,067,699
British American Tobacco PLC	316,137		10,321,011
Cadbury PLC	331,014		3,347,850
Imperial Tobacco Group PLC	262,449		8,424,809
Mondi, Ltd.	1,057		5,519
			24,166,888
United States - 58.49%
ACE, Ltd.	21,739		1,176,732
AK Steel Holding Corp.	59,509		1,542,473
Alcoa, Inc.	151,486		3,420,554
Alexander's, Inc., REIT *	8,647		3,458,800
Alleghany Corp. *	5,585		2,038,525
Alliance Data Systems Corp. *	55,286		3,504,027
Altria Group, Inc.	136,670		2,711,533
American Express Company	52,571		1,862,590
Anheuser-Busch Companies, Inc.	72,362		4,694,847
Baker Hughes, Inc.	40,754		2,467,247
Berkshire Hathaway, Inc., Class B *	3,570		15,690,150
Bristol-Myers Squibb Company	102,563		2,138,439
Brown Forman Corp., Class B	18,385		1,320,227
Cerberus Investors I LLC *	384,193		187,082
Cerberus Investors II LLC *	384,193		187,082
Cerberus Investors III LLC *	192,097		93,541
CIT Group, Inc.	203,519		1,416,492
Cliffs Natural Resources, Inc.	42,223		2,235,286
Coca-Cola Enterprises, Inc.	214,817		3,602,481
Comcast Corp., Special Class A	533,009		10,510,937
Community Health Systems, Inc. *	58,797		1,723,340
Conseco, Inc. *	111,954		394,078
Constellation Energy Group, Inc.	70,929		1,723,575
CVS Caremark Corp.	221,880		7,468,481
Dana Holding Corp. *	1,580		7,647
Dell, Inc. *	363,868		5,996,545
Diebold, Inc.	39,180		1,297,250
Domtar Corp. *	416,671		1,916,687
Dr Pepper Snapple Group, Inc. *	100,818		2,669,661
Eastman Kodak Company	229,211		3,525,265
Entergy Corp.	22,055		1,963,116
Exelon Corp.	55,066		3,448,233
Exterran Holdings, Inc. *	63,948		2,043,778
Federal Signal Corp.	70,426		964,836
Fifth Third Bancorp	32,500		386,750
Forestar Real Estate Group, Inc. *	32,708		482,443

Mutual Shares Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
United States (continued)
GenCorp, Inc. *	55,258	$	372,439
Genentech, Inc. *	28,764		2,550,791
Goldman Sachs Group, Inc.	13,220		1,692,160
Goodyear Tire & Rubber Company *	110,360		1,689,612
Guaranty Bancorp *	21,927		133,755
Harley-Davidson, Inc.	45,663		1,703,230
Hillenbrand, Inc.	36,497		735,779
Hill-Rom Holdings, Inc.	39,268		1,190,213
Home Depot, Inc.	137,575		3,561,817
Huntsman Corp.	11,839		149,171
International Paper Company	254,677		6,667,444
JPMorgan Chase & Company	116,247		5,428,735
Kraft Foods, Inc., Class A	152,823		5,004,953
Lear Corp. *	66,751		700,885
Legg Mason, Inc.	602		22,912
Lexmark International, Inc. *	27,796		905,316
Lorillard, Inc.	9,500		675,925
LSI Logic Corp. *	653,381		3,502,122
Marathon Oil Corp.	72,164		2,877,179
Mattel, Inc.	312,745		5,641,920
Maxim Integrated Products, Inc.	155,269		2,810,369
MeadWestvaco Corp.	35,304		822,936
Microsoft Corp.	291,387		7,777,119
Motorola, Inc.	468,152		3,342,605
News Corp., Class A	602,805		7,227,632
Noble Energy, Inc.	31,573		1,755,143
Northwest Airlines Corp. *	77,015		695,445
NorthWestern Corp.	6,937		174,327
Old Republic International Corp.	159,904		2,038,776
Owens Corning, Inc. *	84,953		2,031,226
Pfizer, Inc.	228,582		4,215,052
Philip Morris International, Inc.	39,446		1,897,353
Pride International, Inc. *	47,093		1,394,424
Prudential Financial, Inc.	36,242		2,609,424
Quest Diagnostics, Inc.	45,409		2,346,283
Qwest Communications International, Inc.	143,000		461,890
Reynolds American, Inc.	127,977		6,222,242
Rohm & Haas Company	20,844		1,459,080
SLM Corp. *	149,990		1,850,877
Sprint Nextel Corp.	283,417		1,728,844
Temple-Inland, Inc.	82,847		1,264,245
Tenet Healthcare Corp. *	684,155		3,797,060
The Kroger Company	130,600		3,588,888
The St. Joe Company *	26,808		1,047,925
The Travelers Companies, Inc.	36,566		1,652,783
Time Warner Cable, Inc. *	58,500		1,415,700
Time Warner, Inc.	402,292		5,274,048
Transocean, Inc. *	24,342		2,673,725
Tyco International, Ltd.	95,267		3,336,250
U.S. Bancorp	96,204		3,465,268
UST, Inc.	39,610		2,635,649
Valeant Pharmaceuticals International *	89,427		1,830,571
Ventas, Inc., REIT	26,974		1,333,055
Viacom, Inc., Class B *	143,099		3,554,579
Virgin Media, Inc.	154,159		1,217,856
Wal-Mart Stores, Inc.	32,245		1,931,153

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

276

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Mutual Shares Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
United States (continued)
Washington Mutual, Inc.		0	$	0
Weyerhaeuser Company		158,381		9,594,721
White Mountains Insurance Group, Ltd.		19,435		9,129,591
William Wrigley, Jr. Company		30,809		2,446,235
Yahoo!, Inc. *		66,497		1,150,398
				260,677,835
TOTAL COMMON STOCKS (Cost $482,608,573)			$	386,284,284
PREFERRED STOCKS - 0.00%
United States - 0.00%
Dana Holding Corp., Series B *		150		8,250
TOTAL PREFERRED STOCKS (Cost $15,000)			$	8,250
TERM LOANS - 0.31%
United States - 0.31%
Pontus I LLC
5.947% due 07/18/2009 (b)		278,218		198,063
6.135% due 07/24/2009 (b)		251,337		234,196
Realogy Corp.
3.76% due 10/10/2013 (b)		77,431		58,436
5.049% due 10/10/2013 (b)		833,300		617,334
5.799% due 10/10/2013 (b)		52,130		39,342
5.799% due 10/10/2013 (b)		287,560		217,019
				1,364,390
TOTAL TERM LOANS (Cost $1,475,883)			$	1,364,390
CORPORATE BONDS - 0.19%
United States - 0.19%
Cerberus Investors I LLC
12.00% due 07/31/2014 (b)		337,200		164,199
Cerberus Investors II LLC
12.00% due 07/31/2014 (b)		337,200		164,199
Cerberus Investors III LLC
12.00% due 07/31/2014 (b)		168,600		82,099
Northwest Airlines Corp., ESCROW
1.00% due 01/16/2017 ^		170,000		850
Pontus I LLC
9.1406% due 07/24/2009		245,355		179,968
Pontus II Trust
9.1406% due 06/25/2009		122,679		89,985
Tropicana Entertainment LLC
9.625% due 12/15/2014		1,180,000		165,200
Trump Entertainment Resorts, Inc.
8.50% due 06/01/2015		33,000		13,530
				860,030
TOTAL CORPORATE BONDS (Cost $2,067,500)			$	860,030
SHORT TERM INVESTMENTS - 12.79%
Federal Home Loan Bank Discount Notes
zero coupon due 10/01/2008 to
09/02/2009	$	56,400,000	$	56,008,146

Mutual Shares Trust (continued)
			Shares or
			Principal
			Amount		Value
SHORT TERM INVESTMENTS (continued)
U.S. Treasury Bills
zero coupon due 11/13/2008		$	1,000,000	$	997,808
TOTAL SHORT TERM INVESTMENTS
(Cost $57,005,954)				$	57,005,954
Total Investments (Mutual Shares Trust)
(Cost $543,172,910) - 99.96%				$	445,522,908
Other Assets in Excess of Liabilities - 0.04%					183,810
TOTAL NET ASSETS - 100.00%				$	445,706,718
The portfolio had the following five top industry concentrations
as of September 30, 2008 (as a percentage of total net assets):
Tobacco	8.80%
Food & Beverages	8.72%
Insurance	5.32%
Cable & Television	4.93%
Holdings Companies/Conglomerates	3.63%
Natural Resources Trust
			Shares or
			Principal
			Amount		Value
COMMON STOCKS - 99.39%
Basic Materials - 24.10%
Alumina, Ltd.			3,560,032	$	8,976,031
Anglo American PLC			138,346		4,673,281
Anglo Platinum, Ltd.			140,152		12,780,074
AngloGold Ashanti, Ltd., SADR			389,365		8,994,332
ArcelorMittal (a)			186,894		9,228,826
Barrick Gold Corp.			211,072		7,754,785
Cameco Corp.			453,078		10,108,170
Companhia Vale Do Rio Doce, SADR *			1,470,396		26,026,009
Freeport-McMoRan Copper & Gold, Inc.,
Class B			176,570		10,038,005
Gold Fields, Ltd.			741,048		7,151,445
POSCO, SADR (a)			72,200		6,741,314
Sumitomo Metal Industries, Ltd.			2,175,000		6,742,826
Teck Cominco, Ltd.			170,700		4,847,126
Vedanta Resources PLC			596,425		12,501,287
Xstrata PLC			348,824		10,870,959
					147,434,470
Energy - 75.29%
Baker Hughes, Inc.			246,200		14,904,948
BP PLC, SADR			355,873		17,854,148
Canadian Natural Resources, Ltd.			455,667		31,255,524
ConocoPhillips			94,759		6,941,097
CONSOL Energy, Inc.			372,114		17,076,311
Denbury Resources, Inc. *			432,900		8,242,416
Devon Energy Corp.			90,200		8,226,240
EnCana Corp.			427,108		27,273,911
Eni SpA, SADR			121,300		6,422,835
EOG Resources, Inc.			352,231		31,510,585
Equitable Resources, Inc.			275,640		10,110,475
Exxon Mobil Corp.			282,295		21,923,030

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

277

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Natural Resources Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Halliburton Company		318,998	$	10,332,345
Lukoil Oil Company, ADR		332,273		19,537,652
Marathon Oil Corp.		336,772		13,427,100
Newfield Exploration Company *		226,648		7,250,470
Noble Energy, Inc.		134,536		7,478,856
OAO Gazprom, SADR		448,250		14,324,457
Peabody Energy Corp.		245,500		11,047,500
Penn West Energy Trust, ADR		183,100		4,412,710
Petro-Canada		269,869		8,976,615
Petroleo Brasileiro SA, ADR		576,904		25,354,931
Reliance Industries, Ltd., GDR		101,167		8,380,574
Rosneft Oil Company, GDR *		951,614		6,394,846
Royal Dutch Shell PLC, ADR		346,931		20,472,398
Suncor Energy, Inc.		465,186		19,232,496
Talisman Energy, Inc.		1,039,602		14,672,137
Total SA, ADR		304,738		18,491,502
Transocean, Inc. *		65,407		7,184,305
Ultra Petroleum Corp. *		138,000		7,636,920
Valero Energy Corp.		467,534		14,166,280
XTO Energy, Inc.		434,242		20,200,938
				460,716,552
TOTAL COMMON STOCKS (Cost $651,779,022)				608,151,022
PREFERRED STOCKS - 0.18%
Basic Materials - 0.18%
Anglo Platinum, Ltd., 6.38% (i)		34,852	$	1,114,894
TOTAL PREFERRED STOCKS (Cost $852,240)			$	1,114,894
SHORT TERM INVESTMENTS - 1.48%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	9,065,888	$	9,065,888
TOTAL SHORT TERM INVESTMENTS
(Cost $9,065,888)			$	9,065,888
REPURCHASE AGREEMENTS - 0.25%
Deutsche Bank Tri-Party Repurchase
Agreement dated 09/30/2008 at
2.25% to be repurchased at
$1,500,094 on 10/1/2008,
collateralized by $1,842,927
Federal National Mortgage
Association, 5.00% due
10/01/2035 (valued at $1,530,000,
including interest)	$	1,500,000	$	1,500,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,500,000)			$	1,500,000
Total Investments (Natural Resources Trust)
(Cost $663,197,150) - 101.30%			$	619,831,804
Liabilities in Excess of Other Assets - (1.30)%				(7,946,646)
TOTAL NET ASSETS - 100.00%			$	611,885,158

Optimized All Cap Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.60%
Basic Materials - 3.20%
Anglo American PLC, ADR	741,622	$	12,407,336
ArcelorMittal	68,075		3,361,543
E.I. Du Pont de Nemours & Company	149,430		6,022,029
Eli Lilly & Company	208,025		9,159,341
OM Group, Inc. *	99,231		2,232,698
Praxair, Inc.	76,450		5,484,523
United States Steel Corp.	144,031		11,178,246
			49,845,716
Communications - 4.49%
AT&T, Inc.	364,437		10,175,081
eBay, Inc. *	1,257,054		28,132,868
Google, Inc., Class A *	19,867		7,957,131
Nippon Telegraph & Telephone Corp., ADR	215,930		4,860,584
Omnicom Group, Inc.	172,917		6,667,680
Perficient, Inc. *	286,140		1,899,970
Viacom, Inc., Class B *	217,348		5,398,924
Walt Disney Company	158,556		4,866,084
			69,958,322
Consumer, Cyclical - 7.62%
AMR Corp. *	559,626		5,495,527
CEC Entertainment, Inc. *	366,857		12,179,652
Delta Air Lines, Inc. * (a)	878,978		6,548,386
Insight Enterprises, Inc. *	367,851		4,932,882
Life Time Fitness, Inc. * (a)	256,103		8,008,341
LKQ Corp. *	519,839		8,821,668
McDonald's Corp.	204,672		12,628,262
Ross Stores, Inc.	955,947		35,188,409
The Gap, Inc.	337,765		6,005,462
The TJX Companies, Inc.	296,778		9,057,665
US Airways Group, Inc. *	749,556		4,519,823
Yum! Brands, Inc.	163,086		5,318,234
			118,704,311
Consumer, Non-cyclical - 23.54%
Abbott Laboratories	90,558		5,214,330
AerCap Holdings NV *	483,135		5,126,062
Alliance Data Systems Corp. *	363,044		23,009,729
Bunge, Ltd.	256,637		16,214,326
Celgene Corp. *	190,529		12,056,675
Cenveo, Inc. *	548,198		4,215,643
Colgate-Palmolive Company	200,331		15,094,941
DENTSPLY International, Inc.	137,713		5,169,746
Flowers Foods, Inc.	932,024		27,364,225
Herbalife, Ltd.	771,769		30,500,311
Jarden Corp. *	917,599		21,517,696
Johnson & Johnson	442,769		30,675,036
Pfizer, Inc.	1,900,342		35,042,306
Qiagen NV * (a)	512,314		10,107,955
R.R. Donnelley & Sons Company	187,837		4,607,642
St. Jude Medical, Inc. *	343,610		14,943,599
Stryker Corp.	676,608		42,152,678
The Coca-Cola Company	442,556		23,402,361
Tupperware Brands Corp.	710,300		19,625,589
Visa, Inc.	336,626		20,665,470
			366,706,320

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

278

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Optimized All Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy - 10.63%
Apache Corp.	75,074	$	7,828,717
ConocoPhillips	315,458		23,107,298
Devon Energy Corp.	95,899		8,745,989
ENSCO International, Inc.	149,994		8,644,154
Exxon Mobil Corp.	271,717		21,101,542
Nexen, Inc.	476,604		11,071,511
Petro-Canada	535,611		17,862,627
Transocean, Inc. *	249,310		27,384,210
Valero Energy Corp.	249,765		7,567,880
Williams Companies, Inc.	1,049,440		24,819,256
XTO Energy, Inc.	161,048		7,491,953
			165,625,137
Financial - 15.88%
ACE, Ltd.	421,954		22,840,370
Allied World Assurance Holdings, Ltd.	154,717		5,495,548
Aspen Insurance Holdings, Ltd.	724,413		19,921,357
Bank of America Corp.	978,450		34,245,750
Bank of New York Mellon Corp.	190,785		6,215,775
Barclays PLC, SADR (a)	779,516		19,254,045
Charles Schwab Corp.	448,510		11,661,260
Goldman Sachs Group, Inc.	65,592		8,395,776
Hospitality Properties Trust, REIT	269,104		5,522,014
ING Groep NV, SADR	157,347		3,367,226
IntercontinentalExchange, Inc. *	62,429		5,036,772
KKR Financial Holdings LLC	166,681		1,060,091
Legg Mason, Inc.	120,965		4,603,928
Lexington Corporate Property Trust, REIT	511,126		8,801,590
National Financial Partners Corp.	2,825		42,375
Oriental Financial Group, Inc.	291,754		5,210,726
Prudential Financial, Inc.	195,106		14,047,632
State Street Corp.	198,711		11,302,682
TD Ameritrade Holding Corp. *	652,541		10,571,164
Unibanco - Uniao De Bancos
Brasileiros SA, ADR *	145,330		14,666,704
Wells Fargo & Company	298,261		11,193,735
Willis Group Holdings, Ltd.	741,706		23,927,436
			247,383,956
Industrial - 13.60%
Allied Waste Industries, Inc. *	1,074,187		11,934,218
AMETEK, Inc.	236,384		9,637,376
Amphenol Corp., Class A	639,429		25,666,680
Avnet, Inc. *	491,176		12,097,665
Ball Corp.	105,113		4,150,912
BE Aerospace, Inc. *	581,713		9,208,517
Cooper Industries, Ltd., Class A	395,120		15,785,044
Emerson Electric Company	1,072,072		43,729,817
Genco Shipping & Trading, Ltd. (a)	292,823		9,733,436
General Electric Company	232,876		5,938,338
Goodrich Corp.	148,157		6,163,331
GrafTech International, Ltd. *	243,592		3,680,675
Lockheed Martin Corp.	136,749		14,997,263
Metalico, Inc. *	763,462		4,504,426
PerkinElmer, Inc.	316,352		7,899,309
Stericycle, Inc. *	455,928		26,858,718
			211,985,725

Optimized All Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology - 15.08%
ANSYS, Inc. *		467,564	$	17,706,649
Apple, Inc. *		91,835		10,437,966
Broadridge Financial Solutions, Inc.		504,005		7,756,637
Compuware Corp. *		1,387,565		13,445,505
Hewlett-Packard Company		1,144,518		52,922,512
International Business Machines Corp.		239,355		27,994,961
Microsoft Corp.		425,004		11,343,357
Nuance Communications, Inc. *		1,257,310		15,326,609
PMC-Sierra, Inc. *		1,814,960		13,467,003
QLogic Corp. *		1,223,255		18,789,197
Research In Motion, Ltd. *		87,814		5,997,696
Salesforce.com, Inc. *		190,208		9,206,067
Taiwan Semiconductor
Manufacturing Company, Ltd., SADR		1,950,276		18,274,086
Trimble Navigation, Ltd. *		475,666		12,300,723
				234,968,968
Utilities - 2.56%
Companhia de Saneamento Basico do
Estado de Sao Paulo, ADR *		319,836		9,067,350
Edison International		610,224		24,347,938
Mirant Corp. *		355,461		6,501,382
				39,916,670
TOTAL COMMON STOCKS (Cost $1,754,021,884)			$	1,505,095,125
SHORT TERM INVESTMENTS - 6.45%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	31,872,169	$	31,872,169
Lloyds Bank PLC
4.95% due 10/01/2008		45,000,000		45,000,000
UBS Finance Delaware LLC
3.00% due 10/01/2008		23,610,000		23,610,000
TOTAL SHORT TERM INVESTMENTS
(Cost $100,482,169)			$	100,482,169
Total Investments (Optimized All Cap Trust)
(Cost $1,854,504,053) - 103.05%			$	1,605,577,294
Liabilities in Excess of Other Assets - (3.05)%				(47,501,349)
TOTAL NET ASSETS - 100.00%			$	1,558,075,945
Optimized Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.47%
Basic Materials - 2.01%
Anglo American PLC, ADR		220,648	$	3,691,441
Domtar Corp. *		224,178		1,031,219
OM Group, Inc. *		27,480		618,300
Praxair, Inc.		36,580		2,624,249
The Mosaic Company		46,460		3,160,209
United States Steel Corp.		38,803		3,011,501
				14,136,919
Communications - 8.66%
Amdocs, Ltd. *		310,837		8,510,717

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

279

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Optimized Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
AT&T, Inc.	454,923	$	12,701,450
CenturyTel, Inc.	245,324		8,991,125
Embarq Corp.	395,333		16,030,753
Tele Norte Leste Participacoes SA, ADR	41,566		725,742
Time Warner, Inc.	512,363		6,717,079
Walt Disney Company	238,003		7,304,312
			60,981,178
Consumer, Cyclical - 4.49%
Copa Holdings SA, Class A	52,826		1,716,845
CVS Caremark Corp.	138,791		4,671,705
Delta Air Lines, Inc. * (a)	98,015		730,212
Desarrolladora Homex SA de CV *	43,351		1,916,981
GameStop Corp., Class A *	90,803		3,106,371
Ross Stores, Inc.	121,426		4,469,691
Yum! Brands, Inc.	460,385		15,013,155
			31,624,960
Consumer, Non-cyclical - 21.03%
Abbott Laboratories	240,300		13,836,474
Alliance Data Systems Corp. *	137,620		8,722,356
Altria Group, Inc.	222,847		4,421,284
Baxter International, Inc.	168,015		11,026,824
Bunge, Ltd.	97,154		6,138,190
Colgate-Palmolive Company	138,942		10,469,280
DaVita, Inc. *	126,581		7,216,383
Express Scripts, Inc. *	103,296		7,625,311
Gen-Probe, Inc. *	202,893		10,763,474
Herbalife, Ltd.	354,846		14,023,514
Jarden Corp. *	303,861		7,125,540
Johnson & Johnson	215,989		14,963,718
McCormick & Company, Inc.	127,271		4,893,570
Pfizer, Inc.	472,801		8,718,450
Procter & Gamble Company	197,008		13,729,487
Visa, Inc.	72,944		4,478,032
			148,151,887
Energy - 16.51%
Apache Corp.	77,935		8,127,062
Chevron Corp.	140,270		11,569,470
ConocoPhillips	280,350		20,535,637
ENSCO International, Inc.	147,164		8,481,061
Exxon Mobil Corp.	371,366		28,840,284
Occidental Petroleum Corp.	102,274		7,205,203
Petro-Canada	214,117		7,140,802
Williams Companies, Inc.	709,591		16,781,827
XTO Energy, Inc.	162,980		7,581,830
			116,263,176
Financial - 23.20%
ACE, Ltd.	116,688		6,316,321
American Financial Group, Inc.	256,673		7,571,854
Arch Capital Group, Ltd. *	85,966		6,278,097
Bank of America Corp.	360,397		12,613,895
Bank of New York Mellon Corp.	294,307		9,588,522
Boston Properties, Inc., REIT	39,944		3,741,155
Charles Schwab Corp.	112,367		2,921,542
Endurance Specialty Holdings, Ltd.	197,455		6,105,309

Optimized Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Federated Investors, Inc., Class B		222,078	$	6,406,950
Goldman Sachs Group, Inc.		67,246		8,607,488
ING Groep NV, SADR		228,450		4,888,830
JPMorgan Chase & Company		310,730		14,511,091
PNC Financial Services Group, Inc.		51,868		3,874,540
RenaissanceRe Holdings, Ltd.		165,046		8,582,392
SL Green Realty Corp., REIT		131,001		8,488,865
State Street Corp.		191,131		10,871,531
TD Ameritrade Holding Corp. *		585,395		9,483,399
The Travelers Companies, Inc.		120,047		5,426,124
UBS AG *		68,708		1,205,138
Unibanco - Uniao De Bancos
Brasileiros SA, ADR *		86,848		8,764,700
Wells Fargo & Company		263,630		9,894,034
Willis Group Holdings, Ltd.		224,322		7,236,628
				163,378,405
Industrial - 12.18%
Allied Waste Industries, Inc. *		915,365		10,169,705
Amphenol Corp., Class A		268,340		10,771,168
Cooper Industries, Ltd., Class A		138,650		5,539,068
Flowserve Corp.		29,034		2,577,348
General Electric Company		710,351		18,113,951
Goodrich Corp.		146,320		6,086,912
Honeywell International, Inc.		223,797		9,298,765
Lockheed Martin Corp.		61,108		6,701,714
PerkinElmer, Inc.		257,637		6,433,196
Spirit Aerosystems Holdings, Inc., Class A *		134,802		2,166,268
Stericycle, Inc. *		134,699		7,935,118
				85,793,213
Technology - 4.61%
Brocade Communications Systems, Inc. *		347,016		2,019,633
Hewlett-Packard Company		143,326		6,627,394
International Business Machines Corp.		58,483		6,840,172
MasterCard, Inc., Class A		39,803		7,058,266
Nuance Communications, Inc. *		296,004		3,608,289
PMC-Sierra, Inc. *		851,345		6,316,980
				32,470,734
Utilities - 3.78%
Dominion Resources, Inc.		165,998		7,101,394
DPL, Inc.		388,911		9,644,993
Edison International		247,130		9,860,487
				26,606,874
TOTAL COMMON STOCKS (Cost $757,188,703)			$	679,407,346
SHORT TERM INVESTMENTS - 3.01%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	732,707	$	732,707
Societe Generale North America, Inc.
3.00% due 10/01/2008		12,300,000		12,300,000

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

280

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Optimized Value Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS (continued)
UBS Finance Delaware LLC
3.00% due 10/01/2008	$	8,170,000	$	8,170,000
TOTAL SHORT TERM INVESTMENTS
(Cost $21,202,707)			$	21,202,707
Total Investments (Optimized Value Trust)
(Cost $778,391,410) - 99.48%			$	700,610,053
Other Assets in Excess of Liabilities - 0.52%				3,641,788
TOTAL NET ASSETS - 100.00%			$	704,251,841
Overseas Equity Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 93.08%
Australia - 1.57%
BHP Billiton, Ltd., SADR		6,500	$	337,935
Brambles, Ltd.		168,711		1,052,701
Macquarie Group, Ltd.		13,636		419,871
Newcrest Mining, Ltd.		32,589		677,132
QBE Insurance Group, Ltd.		34,918		753,043
Telstra Corp., Ltd.		504,616		1,692,965
Woodside Petroleum, Ltd.		13,843		558,577
Woolworths, Ltd.		60,969		1,343,024
				6,835,248
Austria - 0.32%
Raiffeisen International Bank Holding AG		8,929		644,907
Telekom Austria AG		41,174		724,448
				1,369,355
Bermuda - 0.35%
SeaDrill, Ltd., GDR		73,200		1,516,568
Brazil - 1.61%
BM&F BOVESPA SA *		235,101		1,050,166
Companhia Vale Do Rio Doce, ADR *		27,300		522,795
Marfrig Frigorificos e Comercio de Alimentos
SA *		58,300		538,913
Petroleo Brasileiro SA, ADR		102,500		4,504,875
Tim Participacoes SA *		100,400		369,331
				6,986,080
Canada - 6.75%
Barrick Gold Corp.		140,000		5,143,600
Cameco Corp.		104,600		2,266,456
Canadian Natural Resources, Ltd.		20,200		1,385,577
EnCana Corp.		36,300		2,318,015
Inmet Mining Corp.		4,500		209,556
Ivanhoe Mines, Ltd. *		70,200		425,455
Methanex Corp.		47,400		928,626
National Bank of Canada		15,200		694,837
Onex Corp.		37,400		965,354
Potash Corp. of Saskatchewan, Inc.		59,900		7,765,471
Research In Motion, Ltd. *		13,300		896,164
Shaw Communications, Inc.		47,100		953,285
Shoppers Drug Mart Corp.		25,400		1,225,549
Sun Life Financial, Inc.		24,500		856,378

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Canada (continued)
Suncor Energy, Inc.	79,600	$	3,290,956
			29,325,279
Chile - 0.52%
Compania de Telecomunicaciones de Chile
SA, SADR	94,100		640,821
Enersis SA, SADR	99,700		1,627,104
			2,267,925
China - 0.90%
China Petroleum & Chemical Corp., Class H -
Hong Kong Exchange	708,000		558,776
China Railway Construction Corp. - Hong
Kong Exchange *	775,000		1,023,293
China Shenhua Energy Company, Ltd. - Hong
Kong Exchange	957,000		2,347,445
			3,929,514
Denmark - 0.38%
A P Moller Maersk AS	100		869,876
Novo Nordisk AS	15,460		801,481
			1,671,357
Egypt - 0.61%
Commercial International Bank	108,036		782,995
Egyptian Company for Mobile Services	36,500		709,248
Orascom Telecom Holding SAE	32,035		1,144,138
			2,636,381
Finland - 0.12%
Rautaruukki Oyj *	26,200		523,610
France - 13.06%
Air Liquide	13,444		1,477,285
AXA Group SA	195,878		6,411,943
BNP Paribas SA	91,292		8,714,507
Bouygues SA	96,284		4,361,709
Carrefour SA	18,800		886,550
Compagnie Generale des Etablissements
Michelin, Class B	20,300		1,314,879
Dassault Systemes SA	17,400		932,333
Electricite de France	47,800		3,456,579
Groupe DANONE	19,900		1,411,544
Lafarge SA	15,700		1,653,025
L'Oreal SA	76,864		7,542,170
Pernod-Ricard SA	36,900		3,250,558
PSA Peugeot Citroen SA	20,700		779,069
Sanofi-Aventis SA	33,904		2,229,035
Schneider Electric SA	16,097		1,382,322
Total SA	47,900		2,909,921
Vallourec SA	8,940		1,929,054
Veolia Environnement SA	83,641		3,441,086
Vivendi SA	86,000		2,696,161
			56,779,730
Germany - 2.76%
Allianz SE	32,628		4,473,241
Bayer AG	31,500		2,306,969
Muenchener Rueckversicherungs-
Gesellschaft AG	9,832		1,483,107

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

281

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Germany (continued)
SAP AG	69,800	$	3,717,473
			11,980,790
Hong Kong - 1.89%
Alibaba.com, Ltd. * (a)(g)	14,000		12,989
Anhui Conch Cement Company, Ltd., Class H *	162,000		618,789
Bank of East Asia, Ltd.	384,400		1,210,022
China Overseas Land & Investment, Ltd.	436,000		528,450
China Resources Land, Ltd.	806,000		855,954
Gome Electrical Appliances Holdings, Ltd.	3,374,000		996,136
Li & Fung, Ltd.	368,000		900,513
Link, REIT	781,000		1,623,518
Nine Dragons Paper Holdings, Ltd.	1,967,000		735,836
Shangri-La Asia, Ltd.	518,000		742,116
			8,224,323
India - 1.33%
Bharti Telecom, Ltd. *	54,000		916,092
DLF, Ltd.	454,443		3,459,993
Infosys Technologies, Ltd., ADR	11,239		374,371
Suzlon Energy, Ltd.	313,000		1,042,577
			5,793,033
Indonesia - 0.43%
Indo Tambangraya Megah PT	46,500		107,174
Telekomunikasi Indonesia Tbk PT	2,367,500		1,768,357
			1,875,531
Ireland - 0.54%
Allied Irish Banks PLC - London Exchange	60,000		489,513
CRH PLC - London Exchange	70,700		1,510,542
Irish Life & Permanent PLC - London
Exchange	47,400		332,717
			2,332,772
Israel - 0.21%
Teva Pharmaceutical Industries, Ltd., SADR	20,200		924,958
Japan - 18.42%
AEON Company, Ltd.	266,700		2,724,828
Canon, Inc.	59,300		2,248,114
Chiyoda Corp.	62,000		458,120
Fanuc, Ltd.	54,200		4,077,564
Fuji Photo Film Company, Ltd.	43,800		1,129,202
Hirose Electric Company, Ltd.	21,500		2,049,138
Honda Motor Company, Ltd.	66,900		2,029,261
Hoya Corp.	105,800		2,098,836
Inpex Holdings, Inc.	148		1,257,767
Japan Tobacco, Inc.	161		606,822
JGC Corp.	41,000		657,778
Kansai Electric Power Company, Ltd.	64,600		1,437,253
Keyence Corp.	4,500		897,674
Matsushita Electric Industrial Company, Ltd.	119,000		2,051,502
Murata Manufacturing Company, Ltd.	48,400		1,953,939
Nintendo Company, Ltd.	14,600		6,192,937
Nippon Electric Glass Company, Ltd.	33,000		298,929
Nippon Sheet Glass Company, Ltd.	236,000		1,222,201
Nomura Holdings, Inc.	382,000		4,985,141
NTT DoCoMo, Inc.	446		713,910
Oracle Corp. - Japan	51,500		2,343,870

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
ORIX Corp.	42,040	$	5,263,744
Shimamura Company, Ltd.	9,100		610,251
SMC Corp.	27,000		2,813,066
SOFTBANK Corp.	279,040		3,636,338
Sumitomo Chemical Company, Ltd.	189,000		834,925
Sumitomo Corp.	343,700		3,204,606
Sumitomo Metal Industries, Ltd.	502,000		1,556,275
Sumitomo Mitsui Financial Group, Inc.	365		2,288,426
Sumitomo Realty &
Development Company, Ltd.	100,000		2,177,873
Suzuki Motor Corp.	37,600		696,696
Takeda Pharmaceutical Company, Ltd.	11,500		579,032
Tokio Marine Holdings, Inc.	94,000		3,451,096
Tokyo Electron, Ltd.	55,900		2,529,544
Tokyo Gas Company, Ltd.	109,100		455,216
Toshiba Corp.	243,000		1,059,786
Trend Micro, Inc.	84,000		3,183,789
UNI Charm Corp.	21,100		1,619,699
Yamada Denki Company, Ltd.	11,790		893,668
Yamato Transport Company, Ltd.	160,000		1,792,027
			80,080,843
Luxembourg - 0.10%
SES Global SA	21,100		447,654
Malaysia - 0.35%
Commerce Asset Holdings	364,900		816,269
SP Setia BHD	435,000		394,971
TM International Bhd *	199,700		327,041
			1,538,281
Mexico - 6.11%
America Movil SA de CV, Series L, ADR	148,600		6,889,096
Cemex SA de CV, SADR *	70,188		1,208,637
Grupo Financiero Inbursa SA de CV	1,289,500		4,433,338
Telefonos de Mexico SA de CV, Class L, ADR	255,011		6,566,533
Telmex Internacional SAB de CV, ADR *	305,511		3,971,643
Telmex Internacional SAB de CV *	340,500		224,167
Wal-Mart de Mexico SA de CV, Series V	930,900		3,260,044
			26,553,458
Netherlands - 4.87%
ASML Holding NV	12,600		220,205
ING Groep NV	141,172		3,026,414
Koninklijke (Royal) KPN NV	371,800		5,369,512
Koninklijke Ahold NV	217,000		2,506,724
Royal Dutch Shell PLC, A Shares	169,416		4,991,367
Unilever NV	179,200		5,044,282
			21,158,504
Norway - 0.59%
Telenor ASA	205,000		2,552,752
Poland - 0.24%
Polski Koncern Naftowy Orlen, ADR	36,200		1,032,294
Russia - 0.67%
JSC MMC Norilsk Nickel, ADR	42,000		574,140
Mobile Telesystems, SADR	17,000		952,170
OAO Gazprom, SADR	20,200		625,190

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

282

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Russia (continued)
Rosneft Oil Company, GDR *	111,710	$	750,691
			2,902,191
Singapore - 0.71%
Keppel Corp., Ltd.	150,000		828,870
Singapore Telecommunications, Ltd.	444,860		1,016,831
United Overseas Bank, Ltd.	59,072		706,196
Wilmar International, Ltd.	313,000		555,073
			3,106,970
South Africa - 1.03%
AngloGold Ashanti, Ltd.	34,400		799,165
Harmony Gold Mining Company, Ltd., SADR *	52,100		504,328
Harmony Gold Mining Company, Ltd. *	143,300		1,402,926
Sappi, Ltd.	40,000		392,528
Sasol, Ltd.	32,100		1,370,050
			4,468,997
South Korea - 2.61%
Hynix Semiconductor, Inc. *	37,800		626,367
LG Electronics, Inc.	7,880		729,126
LG Telecom, Ltd.	90,000		751,036
NHN Corp. *	5,700		731,152
Samsung Electronics Company, Ltd.	18,581		8,514,806
			11,352,487
Spain - 2.36%
Banco Bilbao Vizcaya Argentaria SA	480,800		7,774,884
Industria de Diseno Textil SA	9,340		395,210
Repsol YPF SA	34,900		1,034,293
Telefonica SA	43,772		1,040,791
			10,245,178
Sweden - 2.28%
Assa Abloy AB, Series B	29,000		351,176
AstraZeneca PLC	1,500		66,317
Atlas Copco AB, Series B, ADR	58,300		589,048
Ericsson LM, Series B	774,400		7,354,312
Telefonaktiebolaget LM Ericsson, SADR	106,800		1,007,124
Teliasonera AB	96,400		547,842
			9,915,819
Switzerland - 6.45%
Givaudan AG	886		740,036
Holcim, Ltd.	65,725		4,817,076
Nestle SA	150,324		6,496,628
Novartis AG	30,414		1,601,283
Petroplus Holdings AG *	24,400		933,362
Roche Holdings AG - Genusschein	64,896		10,158,937
Swiss Re	13,992		776,632
Swisscom AG	2,465		734,611
Synthes AG	10,141		1,402,928
UBS AG *	21,983		375,743
			28,037,236
Taiwan - 1.98%
Chunghwa Telecom Company, Ltd., ADR *	36,100		854,487
Delta Electronics, Inc.	410,040		1,074,081

Overseas Equity Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Taiwan (continued)
Taiwan Semiconductor
Manufacturing Company, Ltd., SADR	710,866	$	6,660,815
			8,589,383
Thailand - 0.46%
Banpu PCL - Foreign Shares	146,800		1,315,109
Banpu PCL	77,800		685,100
			2,000,209
United Kingdom - 9.95%
Alliance & Leicester PLC	115,000		560,675
ARM Holdings PLC	12,900		22,417
AstraZeneca Group PLC	58,309		2,551,572
BAE Systems PLC	472,200		3,481,025
Bank Muscat SAOG	129,300		1,551,600
BG Group PLC	40,400		732,696
BHP Billiton PLC	76,100		1,723,984
BP PLC	311,492		2,594,197
British American Tobacco PLC	41,300		1,348,332
Cairn Energy PLC *	21,600		806,209
HSBC Holdings PLC	66,311		1,072,797
Imperial Tobacco Group PLC	36,700		1,178,097
LSR Group *	19,100		102,102
Magnit OAO *	56,800		506,656
National Grid PLC	56,400		715,891
New World Resources NV	7,528		93,764
Orascom Construction Industries	5,200		542,654
Premier Foods PLC	194,100		260,598
Royal Bank of Scotland Group PLC	279,712		902,327
SABMiller PLC	442,400		8,637,712
Scottish & Southern Energy PLC	31,100		791,364
Smiths Group PLC	76,800		1,392,643
Standard Chartered PLC	69,700		1,715,006
Tesco PLC	887,600		6,173,245
TMK OAO	43,772		1,089,923
United Utilities Group PLC *	43,529		540,194
Vodafone Group PLC	546,221		1,206,291
Wolseley PLC	126,400		955,403
			43,249,374
United States - 0.55%
Focus Media Holding, Ltd., ADR *	26,100		744,111
Giant Interactive Group, Inc. *	42,000		279,720
Larsen & Toubro, Ltd.	11,241		584,532
Suntech Power Holdings Company, Ltd., ADR *	21,200		760,444
			2,368,807
TOTAL COMMON STOCKS (Cost $497,297,211)		$	404,572,891
PREFERRED STOCKS - 0.40%
Brazil - 0.25%
Cia Energetica de Minas Gerais (i)	30,000		592,780
Net Servicos de Comunicacao SA * (i)	57,600		491,275
			1,084,055
Germany - 0.15%
Porsche Automobil Holding SE (i)	6,000		650,642
TOTAL PREFERRED STOCKS (Cost $2,605,660)		$	1,734,697

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

283

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Overseas Equity Trust (continued)
			Shares or
			Principal
			Amount		Value
SHORT TERM INVESTMENTS - 0.00%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)		$	13,377	$	13,377
TOTAL SHORT TERM INVESTMENTS
(Cost $13,377)				$	13,377
REPURCHASE AGREEMENTS - 6.10%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$26,509,920 on 10/01/2008,
collateralized by $27,385,000
Federal National Mortgage
Association, zero coupon due
02/23/2009 (valued at
$27,042,688, including interest)		$	26,509,000	$	26,509,000
TOTAL REPURCHASE AGREEMENTS
(Cost $26,509,000)				$	26,509,000
Total Investments (Overseas Equity Trust)
(Cost $526,425,248) - 99.58%				$	432,829,965
Other Assets in Excess of Liabilities - 0.42%					1,839,883
TOTAL NET ASSETS - 100.00%				$	434,669,848
The portfolio had the following five top industry concentrations
as of September 30, 2008 (as a percentage of total net assets):
Banking	7.53%
Telecommunications Equipment & Services	7.47%
Insurance	4.96%
Food & Beverages	4.74%
International Oil	4.50%
Pacific Rim Trust
			Shares or
			Principal
			Amount		Value
COMMON STOCKS - 98.09%
Australia - 11.82%
Australia and New Zealand
Banking Group, Ltd.			52,334	$	808,520
BHP Billiton, Ltd.			91,275		2,361,340
Bluescope Steel, Ltd.			120,000		707,232
Centennial Coal Company, Ltd.			133,000		393,671
Commonwealth Bank of Australia, Ltd.			22,230		783,466
CSL, Ltd.			37,980		1,150,600
Harvey Norman Holding, Ltd.			160,000		403,004
Lihir Gold, Ltd. *			350,000		711,017
Orica, Ltd.			49,253		831,799
QBE Insurance Group, Ltd.			51,140		1,102,888
Rio Tinto, Ltd.			8,500		572,748
Wesfarmers, Ltd.			24,000		558,137
Westpac Banking Corp., Ltd.			28,000		496,288
Woodside Petroleum, Ltd.			19,670		793,702
					11,674,412

Pacific Rim Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
China - 5.67%
China Communications Services Corp., Ltd.,
Class H - Hong Kong Exchange	1,470,000	$	1,023,798
China Life Insurance Company, Ltd. - Hong
Kong Exchange	178,000		663,113
China Merchants Bank Company, Ltd. - Hong
Kong Exchange	190,000		458,830
China Petroleum & Chemical Corp., Class H -
Hong Kong Exchange	711,000		561,144
China Railway Construction Corp. - Hong
Kong Exchange *	474,000		625,859
Industrial & Commercial Bank of China, Ltd.	1,600,000		967,032
PetroChina Company, Ltd., Class H	474,000		492,057
Yanzhou Coal Mining Company, Ltd., Class H	379,000		390,808
ZTE Corp., Class H	110,920		420,145
			5,602,786
Hong Kong - 7.44%
BOC Hong Kong Holdings, Ltd.	192,000		343,251
Cafe de Coral Holdings, Ltd.	424,000		739,280
Cheung Kong Holdings, Ltd.	47,000		532,441
China BlueChemical, Ltd.	1,233,000		687,429
China Mobile, Ltd.	95,000		951,679
China Resource Power Holdings, Ltd.	275,000		600,738
CNOOC, Ltd.	540,000		606,634
Shandong Chenming Paper Holdings, Ltd. *	938,500		460,496
Sun Hung Kai Properties, Ltd.	109,000		1,123,221
Swire Pacific, Ltd., Class A	80,000		703,211
Television Broadcasting Company, Ltd.	142,000		603,005
			7,351,385
Indonesia - 0.55%
Astra International Tbk PT	307,000		547,614
Japan - 51.65%
Ajinomoto Company, Inc.	157,900		1,504,913
Asahi Glass Company, Ltd.	123,300		1,083,883
Canon, Inc.	20,900		792,337
Chiba Bank, Ltd.	124,940		655,074
Chiyoda Corp.	59,380		438,761
Credit Saison Company, Ltd.	47,350		778,195
Daiwa Securities Group, Inc.	123,510		899,614
Disco Corp.	13,670		401,207
East Japan Railway Company	155		1,155,933
Honda Motor Company, Ltd.	72,830		2,209,135
Ibiden Company, Ltd.	19,730		480,310
Inpex Holdings, Inc.	45		382,429
JAFCO Company, Ltd.	15,250		574,810
Japan General Estate Company, Ltd.	75,870		169,315
Japan Securities Finance Company, Ltd.	70,980		457,977
JSR Corp.	64,110		854,940
Kao Corp.	52,470		1,407,115
KDDI Corp.	400		2,265,867
Keyence Corp.	3,700		738,087
Kissei Pharmaceutical Company, Ltd.	29,990		652,821
Komatsu, Ltd.	82,320		1,347,702
Matsushita Electric Industrial Company, Ltd.	45,520		784,743
Mitsubishi Corp.	68,280		1,424,331
Mitsubishi Electric Corp.	82,830		558,859
Mitsubishi Estate Company, Ltd.	94,830		1,868,639

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

284

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Pacific Rim Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Japan (continued)
Mitsubishi Materials Corp.	287,610	$	903,386
Mitsubishi Rayon Company, Ltd.	117,250		290,375
Mitsubishi UFJ Lease & Finance
Company, Ltd.	26,230		858,359
Mitsui O.S.K. Lines, Ltd.	105,800		919,228
Mitsui Sumitomo Insurance Group Holdings,
Inc. *	57,470		1,957,278
Mizuho Financial Group, Inc.	224		979,585
Murata Manufacturing Company, Ltd.	35,460		1,431,543
Nabtesco Corp.	47,420		381,833
Nintendo Company, Ltd.	1,780		755,029
Nippon Telegraph & Telephone Corp.	130		580,248
Olympus Optical Company, Ltd.	28,450		831,528
Sekisui Chemical Company, Ltd.	90,000		535,006
Seven & I Holdings Company, Ltd.	52,900		1,519,811
SFCG Company, Ltd.	4,080		185,785
Shimadzu Corp.	92,940		753,118
Sumitomo Bakelite Company, Ltd.	185,530		793,443
Sumitomo Electric Industries, Ltd.	104,130		1,133,368
Sumitomo Mitsui Financial Group, Inc.	265		1,661,460
Sumitomo Trust & Banking Company, Ltd.	145,100		966,720
Taiyo Nippon Sanso Corp.	75,870		601,048
Takashimaya Company, Ltd.	87,420		761,702
Takeda Pharmaceutical Company, Ltd.	46,642		2,348,452
The Bank of Yokohama, Ltd.	220,010		1,089,799
THK Company, Ltd.	49,310		767,262
Tokio Marine Holdings, Inc.	26,360		967,775
Tokuyama Corp.	105,870		614,280
Tokyo Electron, Ltd.	16,600		751,170
Toyota Motor Corp.	28,920		1,236,402
Yokogawa Electric Corp.	88,710		563,253
			51,025,243
Malaysia - 2.92%
AMMB Holdings BHD	727,500		630,824
IJM Corp. Berhad *	382,100		526,590
IOI Properties BHD	521,000		668,663
MISC Bhd	237,000		598,144
Sime Darby BHD	237,000		458,146
			2,882,367
Singapore - 1.80%
Capitaland, Ltd.	171,000		372,742
Keppel Corp., Ltd.	99,000		547,055
SembCorp Industries, Ltd.	375,000		859,093
			1,778,890
South Korea - 7.91%
Daelim Industrial Company	9,000		559,142
Hyundai Mipo Dockyard	3,300		483,288
Hyundai Mobis	5,000		387,301
KT&G Corp.	11,000		821,008
LG Fashion Corp., Ltd.	29,110		674,957
Lotte Confectionery Company, Ltd.	528		454,148
POSCO	1,500		562,709
Samsung Electronics Company, Ltd.	4,900		2,245,442
Shinhan Financial Group Company, Ltd.	14,200		508,042
Shinsegae Company, Ltd.	1,200		566,378

Pacific Rim Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
South Korea (continued)
SK Telecom Company, Ltd.		3,200	$	547,754
				7,810,169
Taiwan - 5.90%
Acer Sertek, Inc.		82,000		139,622
Advanced Semiconductor Engineering, Inc.		645,086		328,770
Asustek Computer, Inc.		239,262		473,532
AU Optronics Corp.		548,099		619,936
Cathay Financial Holdings Company, Ltd.		199,500		275,479
China Steel Corp.		181,770		181,672
Chinatrust Finance Holding Company, Ltd.		981,704		538,732
High Tech Computer Corp.		28,470		441,890
Hung Poo Real Estate Development Corp.		669,549		435,072
MediaTek, Inc.		83,096		861,655
Sincere Navigation Corp.		49,875		48,716
Taiwan Cellular Corp.		612,000		980,957
Taiwan Semiconductor
Manufacturing Company, Ltd.		300,000		503,109
				5,829,142
Thailand - 2.43%
Bangkok Bank PCL, NVDR		250,000		763,665
Kasikornbank PCL		300,000		558,975
Land & Houses PCL, NVDR		3,300,000		608,593
PTT PCL - Foreign Shares		70,000		471,353
				2,402,586
TOTAL COMMON STOCKS (Cost $121,096,536)			$	96,904,594
WARRANTS - 0.00%
Malaysia - 0.00%
IJM Land Berhad
(Expiration Date: 09/11/2013, Strike
Price: MYR 1.35) *		38,210		2,498
TOTAL WARRANTS (Cost $0)			$	2,498
Total Investments (Pacific Rim Trust)
(Cost $121,096,536) - 98.09%			$	96,907,092
Other Assets in Excess of Liabilities - 1.91%				1,884,728
TOTAL NET ASSETS - 100.00%			$	98,791,820
The portfolio had the following five top industry concentrations
as of September 30, 2008 (as a percentage of total net assets):
Banking	9.24%
Financial Services	6.26%
Holdings Companies/Conglomerates	5.29%
Real Estate	5.27%
Insurance	5.03%

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

285

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Estate Equity Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 94.97%
Basic Materials - 1.49%
Plum Creek Timber Company, Inc.	78,300	$	3,904,038
Consumer, Cyclical - 3.32%
Gaylord Entertainment Company * (a)	85,400		2,508,198
Marriott International, Inc., Class A	238,000		6,209,420
			8,717,618
Financial - 90.16%
Alexandria Real Estate Equities, Inc., REIT	29,900		3,363,750
AMB Property Corp., REIT	189,560		8,587,068
Avalon Bay Communities, Inc., REIT	89,980		8,855,832
Boston Properties, Inc., REIT	83,730		7,842,152
BRE Properties, Inc., Class A, REIT	189,530		9,286,970
Brookfield Properties Corp.	336,550		5,330,952
Camden Property Trust, REIT	165,900		7,608,174
CBL & Associates Properties, Inc., REIT	313,600		6,297,088
Cousins Properties, Inc., REIT (a)	144,900		3,655,827
DCT Industrial Trust, Inc., REIT	597,100		4,472,279
Douglas Emmett, Inc., REIT	185,800		4,286,406
Duke Realty Corp., REIT	228,760		5,622,921
EastGroup Properties, Inc., REIT	101,100		4,907,394
Equity One, Inc., REIT	290,400		5,950,296
Equity Residential, REIT	254,610		11,307,230
Essex Property Trust, Inc., REIT	78,480		9,286,538
Federal Realty Investment Trust, REIT	80,410		6,883,096
Highwoods Properties, Inc., REIT	94,300		3,353,308
Host Hotels & Resorts, Inc., REIT	402,990		5,355,737
Kilroy Realty Corp., REIT	132,620		6,337,910
Kimco Realty Corp., REIT	254,300		9,393,842
LaSalle Hotel Properties, REIT	211,070		4,922,152
Mack-California Realty Corp., REIT	88,450		2,995,802
Post Properties, Inc., REIT	119,700		3,348,009
ProLogis, REIT	151,190		6,239,611
Public Storage, Inc., REIT	65,280		6,463,373
Regency Centers Corp., REIT	172,540		11,506,693
Simon Property Group, Inc., REIT	213,880		20,746,360
SL Green Realty Corp., REIT	86,520		5,606,496
The Macerich Company, REIT	202,730		12,903,764
The St. Joe Company * (a)	94,600		3,697,914
Vornado Realty Trust, REIT	141,600		12,878,520
Weingarten Realty Investors, REIT	215,200		7,676,184
			236,969,648
TOTAL COMMON STOCKS (Cost $283,947,338)		$	249,591,304
CORPORATE BONDS - 2.76%
Financial - 2.76%
General Growth Properties, Inc.
3.98% due 04/15/2027 (g)	12,259,000		7,265,407
TOTAL CORPORATE BONDS (Cost $9,421,593)		$	7,265,407
CONVERTIBLE BONDS - 0.99%
Financial - 0.99%
Kilroy Realty LP
3.25% due 04/15/2012 (g)	3,400,000		2,601,088
TOTAL CONVERTIBLE BONDS (Cost $3,299,036)		$	2,601,088

Real Estate Equity Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 3.55%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	8,791,384	$	8,791,384
T. Rowe Price Reserve Investment Fund,
2.7528%		531,738		531,738
TOTAL SHORT TERM INVESTMENTS
(Cost $9,323,122)			$	9,323,122
REPURCHASE AGREEMENTS - 0.77%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$2,032,071 on 10/1/2008,
collateralized by $2,075,000
Federal Home Loan Mortgage
Corp., 5.625% due 11/23/2035
(valued at $2,075,000, including
interest)	$	2,032,000	$	2,032,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,032,000)			$	2,032,000
Total Investments (Real Estate Equity Trust)
(Cost $308,023,089) - 103.04%			$	270,812,921
Liabilities in Excess of Other Assets - (3.04)%				(7,992,164)
TOTAL NET ASSETS - 100.00%			$	262,820,757
Real Estate Securities Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.64%
Consumer, Cyclical - 0.37%
Starwood Hotels & Resorts Worldwide, Inc.		68,941	$	1,940,000
Financial - 98.27%
American Campus Communities, Inc., REIT		265,000		8,978,200
Avalon Bay Communities, Inc., REIT		333,074		32,781,143
BioMed Realty Trust, Inc., REIT		164,425		4,349,041
Boston Properties, Inc., REIT		215,600		20,193,096
BRE Properties, Inc., Class A, REIT		183,390		8,986,110
Camden Property Trust, REIT		143,900		6,599,254
Cogdell Spencer, Inc., REIT		86,400		1,385,856
DCT Industrial Trust, Inc., REIT		268,850		2,013,686
Digital Realty Trust, Inc., REIT		327,179		15,459,208
Douglas Emmett, Inc., REIT		394,450		9,099,961
Entertainment Properties Trust, REIT		94,944		5,195,336
Equity Lifestyle Properties, Inc., REIT		195,878		10,387,410
Equity Residential, REIT		422,184		18,749,191
Extra Space Storage, Inc., REIT		438,500		6,735,360
Federal Realty Investment Trust, REIT		301,383		25,798,385
General Growth Properties, Inc., REIT		432,994		6,538,209
Host Hotels & Resorts, Inc., REIT		1,063,794		14,137,822
Kimco Realty Corp., REIT		143,450		5,299,043
Kite Realty Group Trust, REIT		422,150		4,643,650
LaSalle Hotel Properties, REIT		90,100		2,101,132
Liberty Property Trust, REIT		360,400		13,569,060
LTC Properties, Inc., REIT		211,185		6,191,944
Maguire Properties, Inc., REIT		49,600		295,616

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

286

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Estate Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Medical Properties Trust, Inc., REIT (a)		270,300	$	3,067,905
Nationwide Health Properties, Inc., REIT		273,408		9,837,220
Omega Healthcare Investors, REIT		415,950		8,177,577
Post Properties, Inc., REIT		400,950		11,214,572
ProLogis, REIT		1,026,965		42,382,846
Public Storage, Inc., REIT		259,480		25,691,115
Regency Centers Corp., REIT		338,072		22,546,022
Saul Centers, Inc., REIT		76,350		3,858,729
Senior Housing Properties Trust, REIT		484,500		11,545,635
Simon Property Group, Inc., REIT		533,579		51,757,163
SL Green Realty Corp., REIT		158,500		10,270,800
Taubman Centers, Inc., REIT		285,600		14,280,000
The Macerich Company, REIT		221,220		14,080,653
Ventas, Inc., REIT		538,245		26,600,068
Vornado Realty Trust, REIT		387,850		35,274,958
				520,072,976
TOTAL COMMON STOCKS (Cost $556,570,169)			$	522,012,976
SHORT TERM INVESTMENTS - 0.56%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	2,934,096	$	2,934,096
TOTAL SHORT TERM INVESTMENTS
(Cost $2,934,096)			$	2,934,096
REPURCHASE AGREEMENTS - 0.83%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$4,389,152 on 10/01/2008,
collateralized by $3,595,000
Federal National Mortgage
Association, 6.625% due
11/15/2030 (valued at $4,480,269,
including interest)	$	4,389,000	$	4,389,000
TOTAL REPURCHASE AGREEMENTS
(Cost $4,389,000)			$	4,389,000
Total Investments (Real Estate Securities Trust)
(Cost $563,893,265) - 100.03%			$	529,336,072
Liabilities in Excess of Other Assets - (0.03)%				(139,407)
TOTAL NET ASSETS - 100.00%			$	529,196,665
Real Return Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 100.74%
Treasury Inflation-Protected
Securities (d) - 100.27%
0.875% due 04/15/2010	$	770,702	$	757,094
1.625% due 01/15/2015		35,362,096		34,431,083
1.75% due 01/15/2028		14,775,843		12,890,771
1.875% due 07/15/2013 to 07/15/2015		193,471,558		191,968,586
2.00% due 04/15/2012 to 01/15/2026		195,908,375		189,743,761
2.375% due 04/15/2011 to 01/15/2027		150,973,243		148,666,738

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
Treasury Inflation-Protected
Securities (d) (continued)
2.50% due 07/15/2016	$	18,020,130	$	18,443,891
2.625% due 07/15/2017		68,445,597		70,488,288
3.00% due 07/15/2012		4,466,259		4,648,746
3.375% due 01/15/2012 to 04/15/2032		20,626,125		22,910,744
3.50% due 01/15/2011		103,797,015		107,940,799
3.625% due 04/15/2028		66,822,699		76,877,444
3.875% due 04/15/2029		54,936,726		65,696,578
4.25% due 01/15/2010		54,226,848		55,811,302
				1,001,275,825
U.S. Treasury Bonds - 0.47%
4.75% due 02/15/2037		4,400,000		4,659,186
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $1,030,464,351)			$	1,005,935,011
U.S. GOVERNMENT AGENCY OBLIGATIONS - 33.09%
Federal Home Loan Mortgage Corp. - 13.67%
4.50% due 05/15/2017		227,580		228,950
4.557% due 01/01/2034		255,281		253,581
5.00% due 02/16/2017		2,700,000		2,745,752
5.49% due 08/01/2036 (b)		663,849		669,065
5.50% due 04/01/2037 to 08/19/2038		97,271,908		96,820,223
5.50% TBA **		6,000,000		5,962,032
5.84% due 04/01/2036 (b)		1,282,711		1,273,997
6.00% due 06/01/2038 to 08/01/2038		10,275,097		10,410,865
6.588% due 10/01/2036 (b)		3,888,449		3,962,500
6.699% due 09/01/2036 (b)		6,603,890		6,731,160
6.74% due 07/01/2036 (b)		5,903,726		6,025,484
5.00% due 12/14/2018		1,500,000		1,403,359
				136,486,968
Federal National Mortgage
Association - 17.96%
5.50% due 11/01/2037 to 02/01/2038		1,756,349		1,751,341
4.278% due 03/01/2044 to 09/01/2044		3,102,645		3,095,606
4.278% due 10/01/2044 (b)		125,981		125,696
4.40% due 07/01/2035		2,277,936		2,271,589
4.655% due 01/01/2035		371,810		374,255
5.00% due 05/01/2036 to 06/01/2036		8,146,823		7,943,225
5.00% TBA **		5,600,000		5,449,436
5.50% due 10/01/2036 to 01/01/2038		56,054,304		55,894,520
5.581% due 02/01/2036 (b)		2,012,738		1,997,095
6.00% due 04/01/2021 to 05/01/2038		42,425,919		43,038,392
6.00% TBA **		25,000,000		25,320,300
6.50% due 02/01/2029 to 12/01/2037		7,279,147		7,477,402
6.50% TBA **		24,000,000		24,596,251
				179,335,108
Government National Mortgage
Association - 1.46%
6.00% due 10/15/2028 to 07/15/2037		2,186,250		2,222,730
6.00% TBA **		12,200,000		12,379,194
				14,601,924
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $327,331,332)			$	330,424,000

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

287

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS - 3.13%
Japan - 3.13%
Government of Japan
0.80% due 12/10/2015	JPY	645,120,000	$	5,699,354
1.10% due 12/10/2016		1,090,330,000		9,754,586
1.20% due 06/10/2017		1,027,000,000		9,192,835
1.20% due 12/10/2017		367,410,000		3,280,107
1.40% due 06/10/2018		365,520,000		3,309,631
				31,236,513
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $30,522,145)			$	31,236,513
CORPORATE BONDS - 32.98%
Basic Materials - 1.35%
Alcoa, Inc.
6.00% due 07/15/2013	$	2,000,000		1,962,422
6.75% due 07/15/2018		4,000,000		3,839,396
Falconbridge, Ltd.
5.375% due 06/01/2015		3,900,000		3,481,584
7.35% due 06/05/2012		1,300,000		1,337,713
Weyerhaeuser Company
4.1975% due 09/24/2009 (b)		2,900,000		2,868,921
				13,490,036
Communications - 0.85%
AT&T, Inc.
5.60% due 05/15/2018		2,500,000		2,237,600
EchoStar DBS Corp.
7.00% due 10/01/2013		3,800,000		3,277,500
Omnicom Group, Inc.
5.90% due 04/15/2016		1,250,000		1,231,287
Qwest Capital Funding, Inc.
7.00% due 08/03/2009		1,000,000		982,500
Telecom Italia Capital SA
6.999% due 06/04/2018		800,000		718,120
				8,447,007
Consumer, Cyclical - 2.15%
Autozone, Inc.
5.875% due 10/15/2012		3,600,000		3,536,132
DaimlerChrysler N.A. Holding Corp., MTN
3.1381% due 03/13/2009 (b)		5,100,000		5,081,263
Federated Retail Holdings, Inc.
5.90% due 12/01/2016		1,000,000		824,342
Home Depot, Inc.
5.40% due 03/01/2016		1,250,000		1,062,897
Macy's Retail Holdings, Inc.
7.45% due 07/15/2017		1,000,000		905,376
Marriott International, Inc.
6.375% due 06/15/2017		5,000,000		4,508,495
Nordstrom, Inc.
6.25% due 01/15/2018		1,000,000		931,227
Starwood Hotels & Resorts Worldwide, Inc.
6.75% due 05/15/2018		1,000,000		893,994
Target Corp.
6.00% due 01/15/2018		1,000,000		946,784
Yum! Brands, Inc.
6.25% due 03/15/2018		3,000,000		2,781,699
				21,472,209

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical - 2.86%
Amgen, Inc.
6.15% due 06/01/2018	$	800,000	$	781,164
Baxter International, Inc.
5.375% due 06/01/2018		1,100,000		1,051,586
Cardinal Health, Inc.
6.00% due 06/15/2017		1,500,000		1,405,152
GlaxoSmithKline Capital, Inc.
5.65% due 05/15/2018		6,200,000		5,886,416
Kraft Foods, Inc.
6.00% due 02/11/2013		1,100,000		1,093,263
6.125% due 02/01/2018		1,000,000		936,777
Philip Morris International, Inc.
5.65% due 05/16/2018		15,000,000		13,865,010
Pylon, Ltd., Class B
8.86% due 12/29/2008 (b)(g)	EUR	1,000,000		1,395,834
UnitedHealth Group, Inc.
4.875% due 02/15/2013	$	200,000		191,159
UST, Inc.
6.625% due 07/15/2012		1,900,000		1,985,171
				28,591,532
Energy - 1.47%
Duke Capital LLC
5.668% due 08/15/2014		1,300,000		1,242,491
Gaz Capital SA
7.343% due 04/11/2013 (g)		400,000		362,000
8.146% due 04/11/2018 (g)		500,000		437,500
NGPL PipeCo LLC
6.514% due 12/15/2012 (g)		12,200,000		12,219,764
Suncor Energy, Inc.
6.10% due 06/01/2018		500,000		456,437
				14,718,192
Financial - 23.33%
Ace INA Holdings, Inc.
5.80% due 03/15/2018		1,200,000		1,093,310
Allstate Life Global Funding Trusts, MTN
5.375% due 04/30/2013		3,100,000		2,992,566
American Express Bank FSB
5.50% due 04/16/2013		1,100,000		1,006,749
American Express Bank FSB, BKNT
6.00% due 09/13/2017		2,700,000		2,254,927
American Express Centurion Bank, BKNT
6.00% due 09/13/2017		2,600,000		2,175,685
American Express Company
7.00% due 03/19/2018		1,890,000		1,668,072
8.15% due 03/19/2038		540,000		482,989
American International Group, Inc.
8.175% due 05/15/2058 (g)		1,800,000		288,349
8.25% due 08/15/2018 (g)		1,100,000		639,070
American International Group, Inc., MTN
5.85% due 01/16/2018		4,100,000		2,057,983
American International Group, Inc., Series 1
2.895% due 10/18/2011 (b)		1,400,000		830,980
ANZ National International, Ltd.
6.20% due 07/19/2013 (g)		2,400,000		2,382,504
Bank of America Corp.
2.9181% due 11/06/2009 (b)		700,000		684,400
Bank of America Corp., Series J, MTN
2.9569% due 02/17/2009 (b)		2,100,000		2,095,239

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

288

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Bank of America NA, BKNT
2.8763% due 12/18/2008 (b)	$	700,000	$	698,517
Bank of Ireland, MTN
2.9263% due 12/18/2009 (b)		900,000		891,356
3.0725% due 12/19/2008 (b)		6,400,000		6,389,632
Barclays Bank PLC
5.45% due 09/12/2012		7,300,000		7,279,107
6.05% due 12/04/2017 (g)		7,500,000		6,975,502
7.434% due 09/29/2049 (b)(g)		700,000		570,020
Bear Stearns Companies, Inc.
6.40% due 10/02/2017		4,200,000		3,922,367
6.95% due 08/10/2012		3,000,000		3,030,372
7.25% due 02/01/2018		1,800,000		1,732,275
Berkshire Hathaway Finance Corp.
5.40% due 05/15/2018 (g)		15,500,000		15,015,036
C10 Capital SPV, Ltd.
6.722% due 12/01/2049 (b)(g)		400,000		370,192
Charter One Bank NA, BKNT
2.845% due 04/24/2009 (b)		5,900,000		5,887,144
Citigroup Capital XXI
8.30% due 12/21/2057 (b)		1,300,000		968,579
Citigroup Funding, Inc., MTN
3.19% due 04/23/2009 (b)		5,300,000		5,211,930
Citigroup, Inc.
2.8306% due 12/28/2009 (b)		4,900,000		4,741,671
2.8363% due 01/30/2009 (b)		700,000		692,604
2.8481% due 12/26/2008 (b)		1,000,000		993,012
5.50% due 04/11/2013		1,600,000		1,396,578
Commonwealth Bank of Australia
2.5269% due 06/08/2009 (b)(g)		300,000		299,928
Credit Agricole SA
2.8094% due 05/28/2009 (b)(g)		5,500,000		5,476,933
DnB NORBank ASA
2.8581% due 10/13/2009 (b)(g)		900,000		898,554
Everest Reinsurance Holdings, Inc.
5.40% due 10/15/2014		1,000,000		898,969
Ford Motor Credit Company LLC
7.25% due 10/25/2011		2,150,000		1,367,170
7.80% due 06/01/2012		150,000		93,139
Foundation Re II, Ltd.
9.5569% due 11/26/2010 (b)(g)		700,000		692,132
General Electric Capital Corp.
5.50% due 09/15/2067 (b)(g)	EUR	5,400,000		4,593,962
6.375% due 11/15/2067 (b)	$	1,500,000		1,213,758
General Electric Capital Corp., MTN
2.795% due 10/24/2008 (b)		700,000		699,425
2.8588% due 12/12/2008 (b)		600,000		598,140
Genworth Financial, Inc., MTN
6.515% due 05/22/2018		1,800,000		1,478,187
Goldman Sachs Group, Inc.
3.1006% due 06/28/2010 (b)		3,500,000		3,122,308
5.95% due 01/18/2018		2,000,000		1,649,928
6.75% due 10/01/2037		6,400,000		4,272,576
Goldman Sachs Group, Inc., MTN
3.25% due 12/23/2008 (b)		4,800,000		4,730,035
Goldman Sachs Group, Inc., Series B, MTN
3.2938% due 12/22/2008 (b)		4,800,000		4,731,528
Green Valley, Ltd.
8.562% due 01/10/2011 (b)(g)	EUR	500,000		698,691

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Hartford Financial Services Group, Inc., MTN
6.00% due 01/15/2019	$	15,500,000	$	13,559,586
HCP, Inc., MTN
6.70% due 01/30/2018		1,000,000		838,748
HSBC Finance Corp.
2.8463% due 10/21/2009 (b)		1,600,000		1,517,949
International Lease Finance Corp., MTN
6.625% due 11/15/2013		800,000		490,418
JP Morgan Chase & Company, Series 1
2.5219% due 06/26/2009 (b)		500,000		498,703
Lehman Brothers Holdings, Inc.
6.20% due 09/26/2014 ^		200,000		25,000
7.00% due 09/27/2027 ^		500,000		62,500
Lehman Brothers Holdings, Inc., MTN
5.3744% due 11/24/2008 ^ (b)		300,000		37,500
5.415% due 12/23/2008 ^ (b)		4,800,000		600,000
6.875% due 05/02/2018 ^		1,500,000		187,500
Liberty Mutual Group, Inc.
5.75% due 03/15/2014 (g)		900,000		803,957
Longpoint Re, Ltd.
8.0638% due 05/08/2010 (b)(g)		1,000,000		1,017,600
Marsh & McLennan Companies, Inc.
5.75% due 09/15/2015		3,000,000		2,812,170
Merna Reinsurance, Ltd., Series A
4.4119% due 07/07/2010 (b)		4,200,000		3,985,380
Merrill Lynch & Company, Inc.
6.40% due 08/28/2017		2,700,000		2,335,287
Merrill Lynch & Company, Inc., MTN
2.8394% due 10/23/2008 (b)		2,000,000		1,998,760
6.875% due 04/25/2018		600,000		530,850
Merrill Lynch & Company, Inc., Series 1
3.2338% due 12/22/2008 (b)		4,800,000		4,641,605
Metropolitan Life Global Funding I
3.1631% due 04/13/2009 (b)(g)		4,600,000		4,595,846
Morgan Stanley, EMTN
3.0306% due 01/22/2009 (b)		200,000		192,633
Morgan Stanley, MTN
3.2275% due 11/21/2008 (b)		900,000		887,983
Mystic Re, Ltd.
11.8106% due 12/05/2008 (b)(g)		600,000		600,000
12.8106% due 06/07/2011 (b)(g)		1,700,000		1,729,263
National Australia Bank, Ltd.
3.2525% due 02/08/2010 (b)(g)		9,300,000		9,288,998
5.35% due 06/12/2013 (g)		2,100,000		2,017,701
Nordea Bank Finland PLC, Series YCD
2.4481% due 12/01/2008 (b)		5,600,000		5,598,846
2.4488% due 04/09/2009		5,200,000		5,196,729
Pacific Life Global Funding
5.15% due 04/15/2013 (g)		700,000		699,210
Pearson Dollar Finance PLC
5.70% due 06/01/2014 (g)		2,500,000		2,414,860
ProLogis
6.625% due 05/15/2018		1,300,000		1,116,526
Pylon, Ltd., Series A
6.469% due 12/18/2008 (b)	EUR	600,000		839,781
Rabobank Nederland
2.8106% due 01/15/2009 (b)(g)	$	500,000		499,635
Residential Reinsurance 2007, Ltd., Series CL1
10.0606% due 06/07/2010 (b)(g)		2,700,000		2,752,279

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

289

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Rockies Express Pipeline LLC
5.10% due 08/20/2009 (b)(g)	$	5,900,000	$	5,894,572
Royal Bank of Scotland Group PLC
7.0916% due 10/29/2049	EUR	500,000		453,593
Santander Perpetual SA Unipersonal
6.671% due 10/29/2049 (b)(g)	$	3,100,000		2,889,650
Santander US Debt SA Unipersonal
2.8738% due 11/20/2009 (b)(g)		4,700,000		4,654,861
Simon Property Group LP
5.75% due 12/01/2015		600,000		567,046
6.125% due 05/30/2018		2,500,000		2,214,503
Skandinaviska Enskilda Banken AB, Series YCD
2.7938% due 02/13/2009 (b)		900,000		898,601
TransCapitalInvest, Ltd. for OJSC AK Transneft
7.70% due 08/07/2013 (g)		1,700,000		1,553,826
Travelers Companies, Inc.
5.80% due 05/15/2018		1,200,000		1,099,835
UBS AG/Stamford Branch, MTN
5.75% due 04/25/2018		4,100,000		3,565,975
UBS AG/Stamford Branch, Series DPNT
5.875% due 12/20/2017		1,200,000		1,065,508
Unicredit Luxembourg Finance SA
2.8463% due 10/24/2008 (b)(g)		1,300,000		1,298,976
Vita Capita II, Ltd.
3.6913% due 01/01/2010 (b)(g)		300,000		293,580
Vita Capital III, Ltd., Series B-II
3.9113% due 01/01/2012 (b)(g)		600,000		572,418
Wachovia Bank NA, BKNT
2.8106% due 02/23/2009 (b)		2,400,000		2,281,351
2.8806% due 12/02/2010 (b)		1,700,000		1,279,716
Wachovia Corp.
5.75% due 06/15/2017		2,000,000		1,500,936
Wells Fargo & Company
4.375% due 01/31/2013		1,400,000		1,286,911
World Savings Bank FSB, BKNT
2.8425% due 05/08/2009 (b)		300,000		298,402
				232,978,143
Government - 0.12%
Export-Import Bank of Korea, Series 97
3.0112% due 10/04/2011 (b)(g)		1,200,000		1,203,005
Industrial - 0.30%
Black & Decker Corp.
4.75% due 11/01/2014		1,000,000		914,954
Masco Corp.
6.125% due 10/03/2016		1,200,000		1,042,657
Rexam PLC
6.75% due 06/01/2013 (g)		1,000,000		997,280
				2,954,891
Technology - 0.18%
Oracle Corp.
5.75% due 04/15/2018		1,900,000		1,764,160
Utilities - 0.37%
American Electric Power Company, Inc.
5.25% due 06/01/2015		600,000		550,029
FirstEnergy Corp.
6.45% due 11/15/2011		1,000,000		1,004,770

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utilities (continued)
Nisource Finance Corp.
3.3806% due 11/23/2009 (b)	$	400,000	$	389,787
Public Service Electric & Gas Company, MTN
5.30% due 05/01/2018		900,000		840,563
Sempra Energy
6.15% due 06/15/2018		1,000,000		922,549
				3,707,698
TOTAL CORPORATE BONDS (Cost $361,534,604)			$	329,326,873
MUNICIPAL BONDS - 1.03%
California - 0.30%
California County California Tobacco Securitization
Agency, Tobacco Settlement Asset-Backed
Bonds (Fresno County Tobacco Funding Corp.)
5.625% due 06/01/2023		70,000		65,736
Golden State Tobacco Securitization Corp.,
California Tobacco Settlement Revenue, Series
A-1
5.75% due 06/01/2047		100,000		74,598
Los Angeles Department of Water & Power
5.00% due 07/01/2037		3,100,000		2,819,047
				2,959,381
New York - 0.09%
New York City Municipal Water Finance Authority,
Water & Sewer Revenue, Series A
5.00% due 06/15/2038		800,000		737,336
New York City Municipal Water Finance Authority,
Water & Sewer Revenue, Series D
4.75% due 06/15/2038		200,000		175,510
				912,846
Ohio - 0.08%
Buckeye Tobacco Settlement Financing Authority
6.00% due 06/01/2042		1,000,000		777,070
Rhode Island - 0.05%
Tobacco Settlement Financing Corp., Tobacco
Settlement Asset-Backed Bonds, Series A
6.00% due 06/01/2023		585,000		548,619
Texas - 0.41%
Texas State
Transportation Community-Mobility Fund
4.75% due 04/01/2037		4,600,000		4,058,304
West Virginia - 0.10%
Tobacco Settlement Finance Authority of West
Virginia, Tobacco Settlement Funded
7.467% due 06/01/2047		1,180,000		1,039,733
TOTAL MUNICIPAL BONDS (Cost $11,753,688)			$	10,295,953
COLLATERALIZED MORTGAGE
OBLIGATIONS - 15.63%
Small Business Administration Participation
Certificates, Series 2007-20K, Class 1
5.51% due 11/01/2027 (b)		5,002,723		5,005,183
Small Business Administration, Series 2008-P10A,
Class 1
9.02% due 02/10/2018		990,059		992,369

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

290

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
American Home Mortgage Investment Trust, Series
2005-2, Class 5A2
3.3569% due 09/25/2035 (b)	$	2,747	$	2,747
Banc of America Commercial Mortgage, Inc.,
Series 2006-5, Class A4
5.414% due 09/10/2047		600,000		527,271
Banc of America Funding Corp., Series 2006-A,
Class 1A1
4.625% due 02/20/2036 (b)		1,820,062		1,615,716
Banc of America Funding Corp., Series 2006-J,
Class 4A1
6.1289% due 01/20/2047 (b)		1,380,114		933,119
Banc of America Large Loan, Inc., Series
2007-BMB1, Class A1
2.9975% due 08/15/2029 (b)(g)		6,240,505		5,625,184
Bank of America Mortgage Securities, Inc., Series
2004-1, Class 5A1
6.50% due 02/25/2033		141,929		134,167
BCAP LLC Trust, Series 2006-AA2, Class A1
3.3769% due 01/25/2037 (b)		1,144,752		704,012
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-3, Class 3A2
4.4857% due 05/25/2033 (b)		291,370		277,124
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-10, Class 21A1
4.8571% due 01/25/2035 (b)		7,652,758		6,984,199
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A1
4.125% due 03/25/2035 (b)		2,283,238		2,120,820
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A2
4.125% due 03/25/2035 (b)		1,063,414		1,017,517
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-5, Class A1
4.15% due 08/25/2035 (b)		673,046		633,868
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-5, Class A2
4.55% due 08/25/2035 (b)		1,165,514		1,112,917
Bear Stearns Alt-A Trust, Series 2005-10, Class
24A1
5.8586% due 01/25/2036 (b)		4,558,209		3,385,545
Bear Stearns Alt-A Trust, Series 2005-7, Class 22A1
5.5045% due 09/25/2036 (b)		5,622,837		4,526,339
Bear Stearns Alt-A Trust, Series 2006-8, Class 3A1
2.6319% due 02/25/2034 (b)		2,541,156		1,554,089
Bear Stearns Commercial Mortgage Securities,
Series 1998-C1, Class A2
6.44% due 06/16/2030		21,877		21,821
Bear Stearns Structured Products, Inc., Series
2007-R6, Class 1A1
4.6389% due 01/26/2036 (b)		4,783,930		3,806,919
Bear Stearns Structured Products, Inc., Series
2007-R6, Class 2A1
5.7716% due 12/25/2046 (b)		4,917,568		3,911,858
Citigroup Mortgage Loan Trust, Inc., Series
2005-11, Class 1A1
4.90% due 12/25/2035 (b)		107,178		102,035
Citigroup Mortgage Loan Trust, Inc., Series
2005-11, Class A2A
4.70% due 12/25/2035		2,365,812		2,197,990

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A1
4.7475% due 08/25/2035 (b)	$	831,177	$	789,809
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A2
4.2475% due 08/25/2035 (b)		917,303		873,673
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A3
4.0975% due 08/25/2035 (b)		157,722		141,970
Countrywide Alternative Loan Trust, Series
2006-OA12, Class A1A
3.2675% due 09/20/2046 (b)		155,768		153,022
Countrywide Alternative Loan Trust, Series
2006-OA19, Class A1
3.3675% due 02/20/2047 (b)		918,997		559,810
Countrywide Alternative Loan Trust, Series
2007-OA7, Class A1A
3.3869% due 05/25/2047 (b)		324,295		196,944
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2003-HYB3, Class 7A1
3.7806% due 11/19/2033 (b)		137,846		129,717
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB5, Class 2A1
4.8222% due 04/20/2035 (b)		1,310,976		1,190,424
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2005-R2, Class 1AF1
3.5468% due 06/25/2035 (b)(g)		416,299		349,104
Countrywide Home Loans, Series 2005-3, Class 1A2
2.7619% due 04/25/2035 (b)		1,173,262		742,040
Credit Suisse Mortgage Capital Certificates, Series
2007-C3, Class A4
5.9125% due 06/15/2039 (b)		910,000		778,760
CS First Boston Mortgage Securities Corp., Series
2005-C6, Class A1
4.938% due 12/15/2040		383,798		379,150
Deutsche ALT-A Securities, Inc., Alternate Loan
Trust, Series 2006-AB4, Class A1B1
2.5719% due 10/25/2036 (b)		357,159		350,513
Deutsche ALT-A Securities, Inc., Alternate Loan
Trust, Series 2006-AR6, Class A1
2.5519% due 01/25/2037 (b)		880,177		831,654
Federal Home Loan Mortgage Corp., REMIC,
Series 2002-2504, Class J
5.50% due 05/15/2016		4,195,909		4,245,720
Federal Home Loan Mortgage Corp., REMIC,
Series 2007-3336, Class GA
5.00% due 05/15/2027		4,666,760		4,771,145
Federal Home Loan Mortgage Corp., REMIC,
Series 2007-3346, Class FA
2.6969% due 02/15/2019 (b)		17,978,504		17,466,282
Federal Home Loan Mortgage Corp., Series
2003-2608, Class FJ
2.8875% due 03/15/2017 (b)		698,648		686,253
Federal Home Loan Mortgage Corp., Series
2006-3253, Class A
5.00% due 08/15/2020		3,475,798		3,515,801
Federal Home Loan Mortgage Corp., Series
2007-3266, Class C
5.00% due 02/15/2020		3,492,619		3,531,363

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

291

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Series
2007-3335, Class AF
2.6169% due 10/15/2020 (b)	$	8,609,778	$	8,453,560
Federal Home Loan Mortgage Corp., Series
2007-3335, Class BF
2.6169% due 07/15/2019 (b)		8,492,467		8,347,765
Federal Home Loan Mortgage Corp., Series 2638,
Class FA
2.8875% due 11/15/2016 (b)		620,237		618,205
Federal Home Loan Mortgage Corp., Series 2672,
Class TN
4.00% due 03/15/2023		59,860		59,724
Federal Home Loan Mortgage Corp., Series 2752,
Class FM
2.8375% due 12/15/2030 (b)		228,609		225,505
Federal Home Loan Mortgage Corp., Series 2905,
Class UY
4.00% due 10/15/2023		229,004		229,719
Federal Home Loan Mortgage Corp., Series T-63,
Class 1A1
4.4901% due 02/25/2045 (b)		1,567,894		1,423,850
Federal Home Loan Mortgage Corp., Structured
Pass Through Securities, Series T-62, Class
1A1
4.2776% due 10/25/2044 (b)		49,339		47,585
Federal National Mortgage Association Whole
Loan, Series 2003-W8, Class 3F2
2.8219% due 05/25/2042 (b)		162,938		159,812
Federal National Mortgage Association Whole
Loan, Series 2004-W9, Class 1A2
5.95% due 02/25/2044		463,011		456,879
Federal National Mortgage Association, REMIC,
Series 2007-73, Class A1
3.2669% due 07/25/2037 (b)		4,974,976		4,565,977
Federal National Mortgage Association, Series
2004-63, Class FA
2.6219% due 08/25/2034 (b)		186,767		181,082
Federal National Mortgage Association, Series
2006-118, Class A2
3.2669% due 12/25/2036 (b)		328,279		315,831
Federal National Mortgage Association, Series
2006-5, Class 3A2
4.6669% due 02/25/2036 (b)		1,722,518		1,742,925
First Horizon Alternative Mortgage Securities,
Series 2004-AA1, Class A1
4.7401% due 06/25/2034 (b)		556,184		461,910
First Horizon Asset Securities, Inc., Series
2005-AR3, Class 2A1
5.357% due 08/25/2035 (b)		979,475		845,854
Greenpoint Mortgage Funding Trust, Series
2005-AR1, Class A2
3.4269% due 06/25/2045 (b)		606,541		474,732
Greenpoint Mortgage Funding Trust, Series
2006-AR6, Class A1A
2.5519% due 10/25/2046 (b)		375,315		322,481
Greenpoint Mortgage Funding Trust, Series
2006-AR8, Class 1A1A
2.5519% due 01/25/2047 (b)		613,951		583,146
Harborview Mortgage Loan Trust, Series 2005-2,
Class 2A1A
3.25% due 05/19/2035 (b)		152,511		98,324

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Harborview Mortgage Loan Trust, Series 2006-1,
Class 2A1A
3.27% due 03/19/2037 (b)	$	622,755	$	382,751
Harborview Mortgage Loan Trust, Series 2006-12,
Class 2A11
3.12% due 01/19/2038 (b)		180,026		165,728
HSI Asset Securitization Corp. Trust, Series
2007-WF1, Class 2A1
3.2669% due 05/25/2037 (b)		1,465,480		1,309,086
Impac Secured Assets Corp., Series 2006-4, Class
A2A
3.2868% due 01/25/2037 (b)		151,471		142,852
Indymac Index Mortgage Loan Trust, Series
2004-AR11, Class 2A
5.0483% due 12/25/2034 (b)		569,960		464,653
Indymac Index Mortgage Loan Trust, Series
2006-AR14, Class 1A1A
2.5619% due 11/25/2046 (b)		479,497		450,461
JP Morgan Mortgage Trust, Series 2007-A1, Class
3A3
5.0026% due 07/25/2035 (b)		1,602,018		1,475,512
JPMorgan Mortgage Trust, Series 2005-A1, Class
6T1
5.0228% due 02/25/2035 (b)		3,600,296		3,133,205
Lehman XS Trust, Series 2006-16N, Class A1A
2.5519% due 11/25/2046 ^ (b)		516,894		493,855
Lehman XS Trust, Series 2006-4N, Class A1A
3.2868% due 04/25/2046 (b)		78,542		77,870
Master Adjustable Rate Mortgages Trust, Series
2004-13, Class 3A7
3.7876% due 11/21/2034 (b)		500,000		405,242
Mellon Residential Funding Corp., Series
2000-TBC3, Class A1
2.9275% due 12/15/2030 (b)		503,108		467,206
Mellon Residential Funding Corp., Series
2001-TBC1, Class A1
2.8375% due 11/15/2031 (b)		635,296		575,077
Merrill Lynch Floating Trust, Series 2006-1, Class A1
2.5575% due 06/15/2022 (b)(g)		168,198		152,849
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 1A
4.3525% due 10/25/2035 (b)		4,893,284		4,565,702
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 2A
4.25% due 10/25/2035 (b)		2,655,968		2,372,703
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 3A
3.4719% due 10/25/2035 (b)		611,856		555,948
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 4A
3.4569% due 11/25/2035 (b)		528,808		478,477
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 5A
3.4569% due 11/25/2035 (b)		554,655		482,274
Merrill Lynch Mortgage Investors, Inc., Series
2005-A10, Class A
2.6819% due 02/25/2036 (b)		2,484,748		2,015,502
Residential Accredit Loans, Inc., Series 2005-QO1,
Class A1
3.5069% due 08/25/2035 (b)		261,779		161,224

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

292

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Residential Asset Securitization Trust, Series
2006-A8, Class 2A4
6.50% due 08/25/2036	$	1,000,000	$	549,625
Securitized Asset Sales, Inc., Series 1993-6, Class
A5
6.7552% due 11/26/2023 (b)		7,791		7,777
Sequoia Mortgage Trust, Series 5, Class A
3.38% due 10/19/2026 (b)		210,302		191,798
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-1, Class 4A2
4.58% due 02/25/2034 (b)		366,087		329,859
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-19, Class 2A1
4.065% due 01/25/2035 (b)		182,517		73,011
Structured Adjustable Rate Mortgage Loan Trust,
Series 2005-17, Class 3A1
5.5374% due 08/25/2035 (b)		492,515		397,810
Structured Asset Mortgage Investments, Inc.,
Series 2004-AR5, Class 1A1
3.36% due 10/19/2034 (b)		206,725		148,175
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A1
3.28% due 07/19/2035 (b)		398,709		247,979
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A2
3.28% due 07/19/2035 (b)		854,832		777,988
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A3
3.28% due 07/19/2035 (b)		1,675,448		1,387,668
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR4, Class 2A1
3.3969% due 06/25/2036 (b)		152,241		93,002
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR7, Class A8
3.2769% due 08/25/2036 (b)		248,954		242,524
Structured Asset Mortgage Investments, Inc.,
Series 2007-AR3, Class 1A1
3.3069% due 09/25/2036 (b)		961,721		917,379
Structured Asset Securities Corp., Series
2006-NC1, Class A6
3.2569% due 05/25/2036 (b)		28,618		27,085
TBW Mortgage Backed Pass Through Certificates,
Series 2006-4, Class A1B
3.3069% due 09/25/2036 (b)		27,583		26,494
TBW Mortgage Backed Pass Through Certificates,
Series 2006-6, Class A1
2.5819% due 01/25/2037 (b)		454,151		430,919
Thornburg Mortgage Securities Trust, Series
2006-2, Class A2A
3.3169% due 04/30/2036 (b)		77,410		74,787
Thornburg Mortgage Securities Trust, Series
2006-5, Class A1
2.5919% due 08/25/2036 (b)		1,305,531		1,223,001
Thornburg Mortgage Securities Trust, Series
2006-6, Class A1
2.5819% due 11/25/2011 (b)		2,974,058		2,851,601
Thornburg Mortgage Securities Trust, Series
2007-2, Class A2A
2.6019% due 06/25/2037 (b)		3,098,668		2,903,881

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
WaMu Mortgage Pass-Through Certificates, Series
2002-AR17, Class 1A
4.279% due 11/25/2042 (b)	$	53,649	$	47,779
WaMu Mortgage Pass-Through Certificates, Series
2005-AR15, Class A1A1
3.4669% due 11/25/2045 (b)		259,248		163,961
WaMu Mortgage Pass-Through Certificates, Series
2006-AR17, Class 1A1A
3.665% due 12/25/2046 (b)		213,537		129,035
WaMu Mortgage Pass-Through Certificates, Series
2006-AR3, Class A1A
3.855% due 02/25/2046 (b)		1,512,487		906,811
Washington Mutual Mortgage Pass Through
Certificates, Series 2006-AR9, Class 1A
4.079% due 08/25/2046 (b)		2,591,178		1,476,372
Washington Mutual, Inc., Series 2005-AR11, Class
A1B1
3.4969% due 08/25/2045 (b)		4,846		4,781
Washington Mutual, Inc., Series 2006-AR15, Class
2A
4.579% due 11/25/2046 (b)		233,946		157,476
Washington Mutual, Inc., Series 2006-AR7, Class
3A
4.329% due 07/25/2046 (b)		1,070,852		795,429
Wells Fargo Mortgage Backed Securities Trust,
Series 2004-K, Class 2A5
4.7294% due 07/25/2034 (b)		409,614		393,371
Wells Fargo Mortgage Backed Securities Trust,
Series 2004-S, Class A1
3.6206% due 09/25/2034 (b)		331,367		292,447
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $171,667,972)			$	156,088,831
ASSET BACKED SECURITIES - 8.04%
ACE Securities Corp., Series 2006-CW1, Class A2A
3.2569% due 07/25/2036 (b)		92,281		91,060
ACE Securities Corp., Series 2006-NC3, Class A2A
3.2569% due 12/25/2036 (b)		195,602		184,155
American Express Credit Account Master Trust,
Series 2008-3, Class A
3.4375% due 08/15/2012 (b)		7,900,000		7,837,480
Argent Securities, Inc., Series 2006-M3, Class A2A
3.2569% due 10/25/2036 (b)		297,376		290,801
Asset Backed Funding Certificates, Series
2004-OPT5, Class A1
3.5569% due 06/25/2034 (b)		655,821		535,322
Asset Backed Funding Certificates, Series
2006-OPT3, Class A3A
3.2669% due 11/25/2036 (b)		63,481		61,047
Asset Backed Securities Corp. Home Equity,
Series 2006-HE7, Class A2
3.2569% due 11/25/2036 (b)		33,489		33,234
BA Credit Card Trust, Series 2008-A5, Class A5
3.6875% due 12/16/2013 (b)		9,500,000		9,331,473
Bear Stearns Asset Backed Securities Trust,
Series 2007-HE7, Class 1A1
4.2069% due 08/25/2037 (b)		5,242,986		4,269,547
Bear Stearns Asset Backed Securities, Inc., Series
2002-2, Class A1
3.8669% due 10/25/2032 (b)		34,348		30,159

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

293

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Bear Stearns Asset Backed Securities, Inc., Series
2005-4, Class A
3.5369% due 01/25/2036 (b)	$	39,981	$	37,685
Bear Stearns Asset Backed Securities, Inc., Series
2006-AQ1, Class 2A1
3.2869% due 10/25/2036 (b)		550,320		528,377
Bear Stearns Asset Backed Securities, Inc., Series
2006-HE10, Class 21A1
3.2769% due 12/25/2036 (b)		1,075,594		992,486
Bear Stearns Asset Backed Securities, Inc., Series
2006-HE9, Class 1A1
3.2569% due 09/25/2036 (b)		40,043		37,940
Bravo Mortgage Asset Trust, Series 2006-1A,
Class A1
2.6019% due 07/25/2036 (b)(g)		198,561		195,088
Chase Credit Card Master Trust, Series 2003-6,
Class A
2.5975% due 02/15/2011 (b)		900,000		899,334
Citigroup Commercial Mortgage Trust, Series
2006-FL2, Class A1
2.5575% due 10/01/2036 (b)(g)		6,574		6,207
Citigroup Mortgage Loan Trust, Inc., Series
2006-WFH4, Class A1
3.2569% due 11/25/2036 (b)		32,921		32,653
Citigroup Mortgage Loan Trust, Inc., Series
2007-AMC2, Class A3A
2.5519% due 01/25/2037 (b)		2,030,304		1,832,069
Countrywide Asset-Backed Certificates, Series
2006-11, Class 3AV1
2.5319% due 09/25/2046 (b)		67,125		66,767
Countrywide Asset-Backed Certificates, Series
2006-13, Class 3AV1
2.5219% due 01/25/2037 (b)		28,393		28,303
Countrywide Asset-Backed Certificates, Series
2006-15, Class A1
2.5819% due 10/25/2046 (b)		322,579		312,677
Countrywide Asset-Backed Certificates, Series
2006-18, Class 2A1
3.2569% due 03/25/2037 (b)		217,186		209,429
Countrywide Asset-Backed Certificates, Series
2006-21, Class 2A1
2.5219% due 05/25/2037 (b)		132,411		126,999
Countrywide Asset-Backed Certificates, Series
2006-22, Class 2A1
3.2569% due 12/25/2036 (b)		202,755		195,141
Countrywide Asset-Backed Certificates, Series
2006-23, Class 2A1
3.2569% due 11/25/2037 (b)		2,122,037		2,064,762
Countrywide Asset-Backed Certificates, Series
2006-8, Class 2A1
3.2369% due 01/25/2046 (b)		129,435		128,322
Credit-Based Asset Servicing and Securitization
LLC, Series 2007-CB6, Class A1
3.3269% due 07/25/2037 (b)(g)		1,005,583		937,545
Equity One ABS, Inc., Series 2004-1, Class AV2
2.7719% due 04/25/2034 (b)		88,483		59,938
Federal Home Loan Mortgage Corp. Structured
Pass Through Securities, Series T-32, Class A1
2.7319% due 08/25/2031 (b)		100,269		87,892

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2006-FF15, Class A3
3.2569% due 11/25/2036 (b)	$	977,418	$	919,247
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2006-FF16, Class 2A1
3.2569% due 12/25/2036 (b)		86,542		84,091
First Franklin Mortgage Loan Asset Backed
Certificates, Series 2006-FF18, Class A2A
3.2768% due 12/25/2037 (b)		1,899,106		1,832,997
First NLC Trust, Series 2007-1, Class A1
3.2769% due 08/25/2037 (b)(g)		3,910,080		3,646,150
Fremont Home Loan Trust, Series 2006-C, Class
2A1
3.2569% due 10/25/2036 (b)		74,217		70,934
Fremont Home Loan Trust, Series 2006-E, Class
2A1
3.2669% due 01/25/2037		277,685		261,342
GE Capital Commercial Mortgage Corp., Series
2002-3A, Class A1
4.229% due 12/10/2037 (b)		2,707,153		2,645,161
GSAMP Trust, Series 2004-SEA2, Class A2A
3.4969% due 03/25/2034 (b)		77,754		76,567
GSAMP Trust, Series 2006-HE7, Class A2A
3.2469% due 10/25/2036 (b)		101,386		98,986
GSAMP Trust, Series 2006-S6, Class A1A
3.2769% due 10/25/2036 (b)		16,227		15,209
GSR Mortgage Loan Trust, Series 2005-HEL1,
Class A2A
3.3069% due 11/25/2030 (b)		9,835		9,660
HSI Asset Securitization Corp. Trust, Series
2006-HE1, Class 2A1
3.2569% due 10/25/2036 (b)		98,858		90,992
HSI Asset Securitization Corp. Trust, Series
2006-HE2, Class 2A1
2.5219% due 12/25/2036 (b)		2,323,970		2,157,752
HSI Asset Securitization Corp. Trust, Series
2007-OPT1, Class 2A1
3.2569% due 12/25/2036 (b)		1,094,932		1,043,826
Indymac Residential Asset Backed Trust, Series
2006-D, Class 2A1
3.2569% due 11/25/2036 (b)		74,771		73,782
JP Morgan Mortgage Acquisition Corp., Series
2006-CH2, Class AV2
3.2569% due 10/25/2036 (b)		1,253,153		1,186,126
JP Morgan Mortgage Acquisition Corp., Series
2006-CW2, Class AV2
3.2469% due 08/25/2036 (b)		44,677		44,042
JP Morgan Mortgage Acquisition Corp., Series
2006-HE3, Class A2
2.5314% due 11/25/2036 (b)		84,229		80,805
JPMorgan Mortgage Acquisition Corp., Series
2006-CH1, Class A2
2.5219% due 07/25/2036 (b)		141,989		138,145
JPMorgan Mortgage Acquisition Corp., Series
2006-WMC3, Class A2
2.5219% due 08/25/2036 (b)		267,582		262,759
Lehman XS Trust, Series 2006-10N, Class 1A1A
3.2869% due 07/25/2046 (b)		134,192		131,870
Lehman XS Trust, Series 2006-9, Class A1A
3.2769% due 05/25/2046 (b)		107,377		104,014

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

294

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Long Beach Mortgage Loan Trust, Series
2005-WL2, Class 3A1
3.3869% due 07/25/2035 (b)	$	44,852	$	43,683
Long Beach Mortgage Loan Trust, Series 2006-10,
Class 2A1
3.2469% due 11/25/2036 (b)		66,118		63,969
MBNA Credit Card Master Note Trust, Series
2004-A7, Class A7
2.5875% due 12/15/2011 (b)		100,000		99,057
Merrill Lynch Mortgage Investors, Inc., Series
2006-AHL1, Class A2A
3.2569% due 05/25/2037 (b)		165,112		162,673
Merrill Lynch Mortgage Investors, Inc., Series
2006-FF1, Class A2A
3.2769% due 08/25/2036 (b)		670,702		652,294
Merrill Lynch Mortgage Investors, Inc., Series
2006-MLN1, Class A2A
3.2769% due 07/25/2037 (b)		238,459		232,631
Merrill Lynch Mortgage Investors, Inc., Series
2006-RM3, Class A2A
3.2369% due 06/25/2037 (b)		63,944		63,024
Morgan Stanley ABS Capital I, Series 2006-HE7,
Class A2A
3.2569% due 09/25/2036 (b)		174,254		171,377
Morgan Stanley ABS Capital I, Series 2006-HE8,
Class A2A
3.2569% due 10/25/2036 (b)		129,827		126,645
Morgan Stanley ABS Capital I, Series 2006-NC5,
Class A2A
3.2469% due 10/25/2036 (b)		245,725		239,215
Morgan Stanley ABS Capital I, Series 2006-WMC2,
Class A2A
3.2469% due 07/25/2036 (b)		391,711		388,931
Morgan Stanley Capital I, Series 2006-NC2, Class
A2B
3.3269% due 02/25/2036 (b)		1,418,098		1,401,099
Morgan Stanley IXIS Real Estate Capital Trust,
Series 2006-2, Class A1
3.2569% due 11/25/2036 (b)		62,637		60,582
Nationstar Home Equity Loan Trust, Series 2007-B,
Class 2AV1
2.625% due 04/25/2037 (b)		1,308,551		1,265,564
Nelnet Student Loan Trust, Series 2004-3, Class A3
2.89% due 07/25/2016 (b)		12,194		12,177
Nomura Asset Acceptance Corp., Series 2006-S1,
Class A1
3.3468% due 01/25/2036 (b)(g)		57,299		49,333
Option One Mortgage Loan Trust, Series 2006-3,
Class 2A1
3.2469% due 02/25/2037 (b)		22,228		21,932
Park Place Securities, Inc., Series 2005-WCW1,
Class A1B
3.4669% due 09/25/2035 (b)		30,826		29,208
Residential Asset Mortgage Products, Inc., Series
2006-RS6, Class A1
3.2769% due 11/25/2036 (b)		26,930		26,696
Residential Asset Mortgage Products, Inc., Series
2006-RZ5, Class A1A
3.3069% due 08/25/2046 (b)		1,359,225		1,308,018

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Residential Asset Securities Corp., Series
2006-EMX9, Class 1A1
3.2769% due 11/25/2036 (b)	$	91,565	$	90,217
Residential Asset Securities Corp., Series
2006-KS9, Class AI1
3.2769% due 11/25/2036 (b)		473,910		465,296
Residential Asset Securities Corp., Series
2007-KS2, Class AI1
3.2769% due 02/25/2037 (b)		1,063,154		996,938
Securitized Asset Backed Receivables LLC Trust,
Series 2006-NC3, Class A2A
3.2569% due 09/25/2036 (b)		83,904		82,103
Securitized Asset Backed Receivables LLC Trust,
Series 2007-HE1, Class A2A
3.2669% due 12/25/2036 (b)		1,223,201		1,131,546
SLM Student Loan Trust, Series 2006-9, Class A2
2.80% due 04/25/2017 (b)		2,624,373		2,624,354
SLM Student Loan Trust, Series 2007-3, Class A1
2.79% due 10/25/2014 (b)		1,886,212		1,867,660
SLM Student Loan Trust, Series 2007-3, Class A3
2.84% due 04/25/2019 (b)		4,800,000		4,459,344
SLM Student Loan Trust, Series 2007-5, Class A1
2.79% due 09/25/2020 (b)		2,502,387		2,498,781
Soundview Home Equity Loan Trust, Series
2006-EQ1, Class A1
3.2569% due 10/25/2036 (b)		83,740		83,152
Soundview Home Equity Loan Trust, Series
2006-EQ2, Class A1
3.2869% due 01/25/2037 (b)		1,443,128		1,409,777
Soundview Home Equity Loan Trust, Series
2006-NLC1, Class A1
3.2669% due 11/25/2036 (g)		195,072		187,621
Soundview Home Equity Loan Trust, Series
2006-WF1, Class A1A
3.3069% due 10/25/2036 (b)		41,750		41,442
Specialty Underwriting & Residential Finance,
Series 2006-BC3, Class A2A
3.2369% due 06/25/2037 (b)		10,785		10,696
Specialty Underwriting & Residential Finance,
Series 2006-BC5, Class A2B
3.2519% due 11/25/2037 (b)		29,944		28,715
Structured Asset Investment Loan Trust, Series
2006-4, Class A3
3.2569% due 07/25/2036 (b)		28,223		26,739
Structured Asset Securities Corp., Series
2005-7XS, Class 2A1A
4.90% due 04/25/2035 (b)		879,723		580,759
Structured Asset Securities Corp., Series 2006-11,
Class A1
5.0915% due 10/25/2035 (b)(g)		305,564		258,826
Structured Asset Securities Corp., Series
2006-BC3, Class A2
2.5219% due 10/25/2036 (b)		408,721		387,887
Truman Capital Mortgage Loan Trust, Series
2004-1, Class A1
3.5469% due 01/25/2034 (b)(g)		13,683		13,414
Wachovia Bank Commercial Mortgage Trust,
Series 2006-WL7A, Class A1
2.5569% due 08/11/2018 (b)(g)		7,204,700		6,577,762

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

295

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Wachovia Bank Commercial Mortgage Trust,
Series 2007-WHL8, Class A1
2.5469% due 06/15/2020 (b)(g)	$	4,152,235	$	3,668,309
TOTAL ASSET BACKED SECURITIES
(Cost $84,883,392)			$	80,327,795
PREFERRED STOCKS - 0.28%
Financial - 0.28%
Bank of America Corp., 8.00%		1,400,000		1,108,614
Bank of America Corp., Series L, 7.25%		1,000		838,000
Wachovia Corp., 7.98%		1,500,000		626,910
Wachovia Corp., Series L, 7.50%		600		231,000
				2,804,524
TOTAL PREFERRED STOCKS (Cost $4,500,000)			$	2,804,524
TERM LOANS - 0.82%
Basic Materials - 0.08%
Georgia Pacific Corp.
4.5442% due 12/20/2012 (b)		937,642		833,114
Consumer, Non-cyclical - 0.41%
HCA, Inc., Tranche B
5.0506% due 11/16/2013 (b)		4,617,750		4,111,137
Financial - 0.33%
DaimlerChrysler Financial Company
6.78% due 08/03/2012 (b)		4,756,500		3,261,484
TOTAL TERM LOANS (Cost $10,128,285)			$	8,205,735
OPTIONS - 0.01%
Other - 0.01%
Chicago Board of Trade American Purchase Call
on U.S. Treasury Bond Futures
Expiration 11/21/2008 at $140.00 *		872,000		13,625
Chicago Board of Trade American Purchase Call
on U.S. Treasury Note 10 yrs. Futures
Expiration 11/21/2008 at $138.00 *		847,000		13,234
EUREX American Call on Euro-Bund Futures
Expiration 11/21/2008 at $124.00 *		19,400,000		10,925
Over The Counter European Put Option on FHLMC
Gold, 5.50%
Expiration 10/07/2008 at $85.00 *		56,500,000		1
Over The Counter European Put Option on FNMA
TBA, 6.50%
Expiration 10/07/2008 at $91.00 *		27,500,000		0
Over The Counter European Style Call on
USD-LIBOR Rate Swaption
Expiration 08/03/2009 at $3.45 *		700,000		5,167
Expiration 08/03/2009 at $3.45 *		4,400,000		32,481
Expiration 08/03/2009 at $3.85 *		2,500,000		27,010
Over The Counter European Style Purchase Put on
U.S.Treasury Inflationary Index, 1.625%
Expiration 10/14/2008 at $92.00 *		25,000,000		0
Over The Counter European Style Purchase Put on
U.S.Treasury Inflationary Index, 1.875%
Expiration 10/16/2008 at $91.15 *		80,000,000		1
Expiration 10/14/2008 at $94.50 *		10,000,000		0
Expiration 10/06/2008 at $95.50 *		20,000,000		0

Real Return Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
Other (continued)
Over The Counter European Style Purchase Put on
U.S.Treasury Inflationary Index, 2.005%
Expiration 10/16/2008 at $94.00 *		20,000,000	$	0
Over The Counter European Style Purchase Put on
U.S.Treasury Inflationary Index, 2.375%
Expiration 10/06/2008 at $97.50 *		26,000,000		0
Over The Counter European Style Purchase Put on
U.S.Treasury Inflationary Index, 3.50%
Expiration 10/14/2008 at $100.25 *		100,000,000		1
Over The Counter European Style Purchase Put on
U.S.Treasury Inflationary Index, 4.25%
Expiration 10/06/2008 at $101.12 *		50,000,000		1
				102,446
TOTAL OPTIONS (Cost $151,423)			$	102,446
REPURCHASE AGREEMENTS - 6.09%
JP Morgan Chase & Company
Tri-Party Repurchase Agreement
dated 09/30/2008 at 0.10% to be
repurchased at $7,710,646 on
10/01/2008, collateralized by
$7,300,000 U.S Treasury Notes,
4.125% due 08/31/2012 (valued at
$7,894,439, including interest)	$	7,710,625	$	7,710,625
Repurchase Agreement with State Street
Corp. dated 09/30/2008 at 1.25% to be
repurchased at $53,048,842 on
10/01/2008, collateralized by $54,380,000
Federal Home Loan Bank, zero coupon
due 12/05/2008 (valued at $54,108,100,
including interest)		53,047,000		53,047,000
TOTAL REPURCHASE AGREEMENTS
(Cost $60,757,625)			$	60,757,625
SHORT TERM INVESTMENTS - 7.89%
Abbey National North America LLC
2.79% due 11/12/2008	$	27,000,000	$	26,912,115
Bank of America Corp.
zero coupon due 10/01/2008		21,500,000		21,500,000
Federal Home Loan Mortgage Corp. Discount Notes
2.50% due 11/24/2008		20,300,000		20,223,875
U.S. Treasury Bills
zero coupon due 10/16/2008 to
12/26/2008		10,210,000		10,185,809
TOTAL SHORT TERM INVESTMENTS
(Cost $78,821,799)			$	78,821,799
Total Investments (Real Return Bond Trust)
(Cost $2,172,516,616) - 209.73%			$	2,094,327,105
Liabilities in Excess of Other Assets - (109.73)%				(1,095,726,562)
TOTAL NET ASSETS - 100.00%			$	998,600,543

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

296

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
FEDERAL HOME LOAN MORTGAGE CORP. - 5.19%
Federal Home Loan Mortgage Corp.
6.00%, due 07/01/2038	$	604,535	$	612,186
6.00%, TBA **		9,800,000		9,910,250
TOTAL FEDERAL HOME LOAN MORTGAGE
CORP. (Proceeds $10,497,907)			$	10,522,436
FEDERAL NATIONAL MORTGAGE
ASSOCIATION - 36.44%
Federal National Mortgage Association
5.50%, TBA **		44,180,000		44,000,519
6.00%, TBA **		29,500,000	$	29,917,336
TOTAL FEDERAL NATIONAL MORTGAGE
ASSOCIATION (Proceeds $73,317,334)			$	73,917,855
GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION - 0.60%
Government National Mortgage Association
5.50%, TBA **		100,000		100,094
6.50%, TBA **		1,100,000		1,125,609
TOTAL GOVERNMENT NATIONAL
MORTGAGE
ASSOCIATION (Proceeds $1,236,422)			$	1,225,703
U.S. TREASURY BONDS - 21.63%
U.S. Treasury Bonds
7.50%, due 11/15/2024		1,100,000	$	1,497,977
4.75%, due 02/15/2037		4,400,000	$	4,659,186
5.00%, due 05/15/2037		33,900,000	$	37,711,106
TOTAL U.S. TREASURY
BONDS (Proceeds $44,248,502)			$	43,868,269
U.S. TREASURY NOTES - 36.14%
U.S. Treasury Notes
2.125%, due 04/30/2010		24,200,000	$	24,315,337
4.875%, due 05/31/2011		9,300,000	$	9,968,438
4.125%, due 08/31/2012		7,300,000	$	7,665,000
3.625%, due 12/31/2012		2,730,000	$	2,824,698
2.50%, due 03/31/2013		5,500,000	$	5,411,912
4.25%, due 08/15/2014		8,800,000	$	9,369,941
4.75%, due 08/15/2017		10,700,000	$	11,469,897
4.25%, due 11/15/2017		40,000	$	41,456
3.50%, due 02/15/2018		2,300,000	$	2,255,438
TOTAL U.S. TREASURY
NOTES (Proceeds $73,202,057)			$	73,322,117
Total Securities Sold Short (Real Return Bond Trust)
(Proceeds $202,502,221)			$	202,856,380

Science & Technology Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 95.88%
Communications - 32.08%
Akamai Technologies, Inc. *	44,800	$	781,312
Amazon.com, Inc. *	52,335		3,807,895
American Tower Corp., Class A *	77,645		2,792,891
Baidu.com, Inc., SADR *	6,330		1,571,296
BigBand Networks, Inc. *	67,400		248,706
Ciena Corp. *	183,600		1,850,688
Cisco Systems, Inc. *	694,525		15,668,484
Comcast Corp., Class A	113,205		2,222,214
CommScope, Inc. *	16,810		582,298
Corning, Inc.	61,300		958,732
Crown Castle International Corp. *	21,700		628,649
DIRECTV Group, Inc. *	53,524		1,400,723
eBay, Inc. *	137,100		3,068,298
Finisar Corp. *	796,985		804,954
Focus Media Holding, Ltd., ADR * (a)	61,900		1,764,769
Foxconn International Holdings, Ltd. *	470,500		210,464
Google, Inc., Class A *	32,135		12,870,710
JDS Uniphase Corp. *	120,725		1,021,334
Juniper Networks, Inc. *	286,067		6,027,432
McAfee, Inc. *	113,095		3,840,706
Monster Worldwide, Inc. *	62,400		930,384
Nokia Oyj, SADR	146,000		2,722,900
QUALCOMM, Inc.	260,155		11,178,860
Starent Networks Corp. *	60,900		788,046
Tencent Holdings, Ltd.	440,200		3,217,574
VeriSign, Inc. *	30,700		800,656
Yahoo!, Inc. *	55,850		966,205
			82,727,180
Consumer, Cyclical - 4.44%
GameStop Corp., Class A *	75,600		2,586,276
International Game Technology	31,400		539,452
Nintendo Company, Ltd.	19,600		8,313,805
			11,439,533
Consumer, Non-cyclical - 1.59%
Accenture, Ltd., Class A	72,380		2,750,440
Genpact, Ltd. *	62,100		645,219
Robert Half International, Inc.	27,900		690,525
			4,086,184
Energy - 0.46%
Diamond Offshore Drilling, Inc.	310		31,949
SunPower Corp., Class A *	7,785		552,190
Suntech Power Holdings Company, Ltd., ADR * (a)	15,780		566,028
Weatherford International, Ltd. *	1,880		47,263
			1,197,430
Funds - 0.41%
Semiconductor HOLDRs Trust * *	43,100		1,064,570
Industrial - 2.77%
ABB, Ltd. *	52,270		1,012,910
Avnet, Inc. *	61,300		1,509,819
Energy Conversion Devices, Inc. *	4,435		258,339
Hon Hai Precision Industry Company, Ltd.	125,062		447,934
KLA-Tencor Corp.	61,700		1,952,805
Stanley Electric Corp.	18,500		271,393

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

297

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Science & Technology Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Tyco Electronics, Ltd.	61,325	$	1,696,249
			7,149,449
Technology - 54.13%
Activision Blizzard, Inc. *	160,290		2,473,275
Adobe Systems, Inc. *	46,932		1,852,406
Altera Corp.	263,600		5,451,248
Analog Devices, Inc.	222,805		5,870,912
Apple, Inc. *	92,120		10,470,359
ASML Holding NV	82,815		1,458,372
Autodesk, Inc. *	73,600		2,469,280
Broadcom Corp., Class A *	151,800		2,828,034
CA, Inc.	40,085		800,097
Cadence Design Systems, Inc. *	87,400		590,824
Citrix Systems, Inc. *	92,800		2,344,128
Cognizant Technology Solutions Corp.,
Class A *	115,300		2,632,299
Dell, Inc. *	121,760		2,006,605
Electronic Arts, Inc. *	325,941		12,056,558
EMC Corp. *	327,465		3,916,481
First Solar, Inc. *	6,845		1,293,089
Foxconn Technology Company, Ltd.	85,800		280,730
Hewlett-Packard Company	166,930		7,718,843
High Tech Computer Corp.	31,400		487,368
Infosys Technologies, Ltd., ADR	15,300		509,643
Infosys Technologies, Ltd.	21,944		670,212
Intel Corp.	318,770		5,970,562
International Business Machines Corp.	63,840		7,466,726
Intersil Corp., Class A	31,820		527,576
Linear Technology Corp.	39,350		1,206,471
Longtop Financial Technologies, Ltd. *	5,986		84,343
Marvell Technology Group, Ltd. *	250,500		2,329,650
Maxim Integrated Products, Inc.	208,000		3,764,800
Microchip Technology, Inc.	66,400		1,954,152
Microsoft Corp.	423,380		11,300,012
Monotype Imaging Holdings, Inc. *	32,000		356,160
National Semiconductor Corp.	61,700		1,061,857
NetApp, Inc. *	151,900		2,769,137
NVIDIA Corp. *	37,400		400,554
ON Semiconductor Corp. *	253,640		1,714,606
Oracle Corp. *	263,415		5,349,959
Palm, Inc. * (a)	170,000		1,014,900
PMC-Sierra, Inc. *	214,600		1,592,332
Red Hat, Inc. *	111,800		1,684,826
Research In Motion, Ltd. *	50,615		3,457,004
Riverbed Technology, Inc. *	183,840		2,301,677
Salesforce.com, Inc. *	134,920		6,530,128
SanDisk Corp. *	30,900		604,095
Satyam Computer Services, Ltd., ADR	10,400		167,960
Satyam Computer Services, Ltd.	94,194		597,214
Seagate Technology	76,400		925,968
Taiwan Semiconductor
Manufacturing Company, Ltd., SADR	103,960		974,105
Taiwan Semiconductor
Manufacturing Company, Ltd.	336,000		563,482
Tata Consultancy Services, Ltd.	62,258		883,227
Texas Instruments, Inc.	12,150		261,225

Science & Technology Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Xilinx, Inc.		154,200	$	3,615,990
				139,611,461
TOTAL COMMON STOCKS (Cost $299,370,302)			$	247,275,807
CORPORATE BONDS - 0.27%
Communications - 0.27%
Liberty Media
3.50% due 01/15/2031		1,625,198		695,859
TOTAL CORPORATE BONDS (Cost $1,279,185)			$	695,859
SHORT TERM INVESTMENTS - 1.21%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	2,197,149	$	2,197,149
T. Rowe Price Reserve Investment Fund,
2.7528%		912,354		912,354
TOTAL SHORT TERM INVESTMENTS
(Cost $3,109,503)			$	3,109,503
REPURCHASE AGREEMENTS - 3.38%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$8,724,303 on 10/1/2008,
collateralized by $545,000 Federal
Home Loan Mortgage Corp., 5.4%
due 06/04/2012 (valued at
$562,636, including interest) and
$6,690,000 Federal National
Mortgage Association, 6.625% due
11/15/2030 (valued at $8,337,413,
including interest)	$	8,724,000	$	8,724,000
TOTAL REPURCHASE AGREEMENTS
(Cost $8,724,000)			$	8,724,000
Total Investments (Science & Technology Trust)
(Cost $312,482,990) - 100.74%			$	259,805,169
Liabilities in Excess of Other Assets - (0.74)%				(1,902,525)
TOTAL NET ASSETS - 100.00%			$	257,902,644
Short-Term Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 2.68%
U.S. Treasury Notes - 2.68%
2.75% due 07/31/2010	$	1,400,000	$	1,421,766
3.125% due 09/30/2013		4,060,000		4,087,912
				5,509,678
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $5,507,347)			$	5,509,678
U.S. GOVERNMENT AGENCY OBLIGATIONS - 15.85%
Federal Home Loan Mortgage Corp. - 6.78%
5.25% due 07/18/2011		8,500,000		8,913,638

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

298

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
5.833% due 03/01/2037 (b)	$	3,415,023	$	3,453,333
6.50% due 12/01/2009		14,940		14,966
6.96% due 11/01/2033 (b)		128,827		129,527
7.00% due 12/01/2010 to 02/01/2014		807,481		829,294
7.50% due 11/01/2009 to 06/01/2012		125,025		128,728
8.00% due 06/01/2010		25,928		26,378
8.50% due 05/01/2015		430,709		462,199
				13,958,063
Federal National Mortgage
Association - 8.88%
4.25% due 08/15/2010		10,000,000		10,215,691
4.706% due 03/01/2035 (b)		2,437,559		2,443,080
5.273% due 09/01/2033 (b)		273,277		275,679
5.75% due 01/01/2033 (b)		74,477		74,986
6.00% due 01/01/2011 to 01/01/2017		1,069,903		1,101,464
6.50% due 04/01/2017 to 08/01/2017		2,162,288		2,244,894
7.00% due 12/01/2010 to 07/01/2034		1,153,164		1,203,524
7.50% due 08/01/2009 to 07/01/2034		431,580		454,041
8.00% due 07/01/2014		245,267		260,871
				18,274,230
Government National Mortgage
Association - 0.19%
7.00% due 12/15/2008		1,765		1,770
8.00% due 12/15/2025		204,122		213,158
8.50% due 11/15/2015		178,395		185,442
				400,370
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $32,044,451)			$	32,632,663
CORPORATE BONDS - 30.44%
Basic Materials - 0.48%
Weyerhaeuser Company
4.1975% due 09/24/2009 (b)		1,000,000		989,283
Communications - 5.59%
BellSouth Corp.
4.20% due 09/15/2009		1,200,000		1,183,728
Deutsche Telekom International Finance BV
8.50% due 06/15/2010		1,000,000		1,038,080
Sprint Capital Corp.
6.375% due 05/01/2009		1,000,000		980,000
Telecom Italia Capital SA
4.00% due 01/15/2010		1,000,000		970,990
Time Warner, Inc.
3.0338% due 11/13/2009 (b)		2,500,000		2,400,237
6.75% due 04/15/2011		1,000,000		997,766
Viacom, Inc.
5.75% due 04/30/2011		1,000,000		971,490
6.625% due 05/15/2011		1,000,000		972,397
Walt Disney Company, MTN
2.9169% due 09/10/2009 (b)		2,000,000		1,996,368
				11,511,056
Consumer, Cyclical - 1.57%
Centex Corp.
5.80% due 09/15/2009		420,000		396,900

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
CVS Caremark Corp.
3.1106% due 06/01/2010 (b)	$	1,000,000	$	957,608
Home Depot, Inc.
2.9438% due 12/16/2009 (b)		1,000,000		940,826
MGM Mirage, Inc.
6.00% due 10/01/2009		1,000,000		935,000
				3,230,334
Consumer, Non-cyclical - 1.23%
Cargill, Inc.
5.60% due 09/15/2012 (g)		600,000		592,792
UnitedHealth Group, Inc.
3.3838% due 06/21/2010 (b)		2,000,000		1,934,906
				2,527,698
Energy - 2.34%
Kinder Morgan Energy Partners LP
5.85% due 09/15/2012		1,850,000		1,797,081
ONEOK Partners LP
5.90% due 04/01/2012		1,500,000		1,475,640
TransCanada PipeLines, Ltd.
4.00% due 06/15/2013		620,000		575,434
Transocean, Inc.
5.25% due 03/15/2013		1,000,000		971,580
				4,819,735
Financial - 14.45%
American Express Credit Corp., MTN, Series B
2.6356% due 10/04/2010		1,000,000		905,059
BAC Capital Trust XIII
3.2188% due 03/15/2043 (b)		1,000,000		699,686
Bear Stearns Companies, Inc.
3.0287% due 01/31/2011 (b)		1,000,000		976,964
Capital One Financial Corp., MTN
5.70% due 09/15/2011		950,000		841,267
Citigroup, Inc.
5.50% due 04/11/2013		720,000		628,460
CNA Financial Corp.
6.00% due 08/15/2011		1,500,000		1,495,554
6.60% due 12/15/2008		1,400,000		1,398,823
Colonial Realty LP
4.75% due 02/01/2010		1,500,000		1,449,897
Credit Suisse First Boston USA, Inc.
2.89% due 11/20/2009 (b)		700,000		694,649
Glitnir Banki HF
6.375% due 09/25/2012 (g)		630,000		477,315
Goldman Sachs Capital II
5.793% due 12/29/2049 (b)		1,500,000		658,965
Hartford Financial Services Group, Inc.
6.375% due 11/01/2008		1,000,000		998,377
ING Security Life Institutional Funding
4.25% due 01/15/2010 (g)		895,000		886,811
Janus Capital Group, Inc.
5.875% due 09/15/2011		1,000,000		937,849
Kaupthing Bank HF
3.4906% due 01/15/2010 (b)(g)		685,000		605,065
Lehman Brothers Holdings, Inc., MTN
5.75% due 04/25/2011 ^		1,000,000		125,000
Merrill Lynch & Company, Inc., MTN
2.5775% due 08/14/2009 (b)		857,000		818,319

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

299

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
PNC Funding Corp.
2.9388% due 01/31/2012 (b)	$	700,000	$	661,793
4.50% due 03/10/2010		1,000,000		989,984
ProLogis
5.50% due 04/01/2012		820,000		786,297
Rockies Express Pipeline LLC
5.10% due 08/20/2009 (b)(g)		1,500,000		1,498,620
Rouse Company LP
3.625% due 03/15/2009		900,000		801,000
Simon Property Group LP
3.75% due 01/30/2009		2,256,000		2,228,594
SLM Corp.
4.50% due 07/26/2010		335,000		254,600
USB Capital IX
6.189% due 03/29/2049 (b)		1,000,000		490,000
Vita Capital III, Ltd., Series B-I
3.8912% due 01/01/2011 (b)(g)		850,000		823,140
Vornado Realty LP
5.60% due 02/15/2011		1,000,000		981,797
W.R. Berkley Corp.
5.125% due 09/30/2010		1,300,000		1,304,018
Westfield Group
5.40% due 10/01/2012 (g)		2,000,000		1,847,200
Xstrata Finance Dubai, Ltd.
3.1538% due 11/13/2009 (g)		1,500,000		1,469,235
ZFS Finance USA Trust IV
5.875% due 05/09/2032 (g)		1,500,000		1,023,150
				29,757,488
Industrial - 1.45%
FedEx Corp.
5.50% due 08/15/2009		2,000,000		1,992,016
Tyco Electronics Group SA
6.00% due 10/01/2012		1,000,000		985,540
				2,977,556
Technology - 0.66%
Dell, Inc.
4.70% due 04/15/2013 (g)		622,000		599,124
Hewlett-Packard Company
4.50% due 03/01/2013		800,000		768,702
				1,367,826
Utilities - 2.67%
Dominion Resources, Inc.
4.75% due 12/15/2010		1,000,000		995,110
Dominion Resources, Inc., Series B
2.9844% due 11/14/2008 (b)		1,500,000		1,497,066
Exelon Generation Company, LLC
6.95% due 06/15/2011		1,000,000		1,012,670
NiSource Finance Corp.
7.875% due 11/15/2010		1,000,000		1,028,509
Taqa Abu Dhabi National Energy Company
5.62% due 10/25/2012 (g)		1,000,000		969,809
				5,503,164
TOTAL CORPORATE BONDS (Cost $67,755,676)		$		62,684,140

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS - 33.23%
Trapeza CDO LLC Series 2007-12A, Class B
3.3512% due 04/06/2042 (b)(g)	$	1,500,000	$	375,000
Banc of America Commercial Mortgage, Inc.,
Series 2004-4, Class XP
0.841% IO due 07/10/2042		56,075,056		746,314
Banc of America Funding Corp.,
Series 2005-H, Class 1A1
5.341% due 11/20/2035 (b)		1,852,028		1,467,400
Banc of America Large Loan,
Series 2005-MIB1, Class B
2.7475% due 03/15/2022 (b)(g)		850,000		772,252
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2006-4, Class 2A1
5.7882% due 10/25/2036 (b)		4,517,670		3,271,028
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2005-PWR10, Class X2
0.1626% IO due 12/11/2040		381,301,650		1,179,366
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-PWR13, Class X2
0.627% IO due 09/11/2041		89,298,910		1,619,775
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-T24, Class A2
5.478% due 10/12/2041		5,000,000		4,786,887
Bear Stearns Commercial Mortgage Securities,
Inc., Series 2006-BBA7, Class G
2.9275% due 03/15/2019 (b)(g)		1,000,000		869,828
Bear Stearns Commercial Mortgage Securities,
Series 2006-PWR12, Class A1
5.546% due 09/11/2038 (b)		1,414,394		1,391,617
Commercial Mortgage Pass Through Certificates,
Series 2005-LP5, Class XP
0.529% IO due 05/10/2043		65,575,081		511,774
Commercial Mortgage Pass Through Certificates,
Series 2004-LB2A, Class X2
1.0308% IO due 03/10/2039 (g)		27,207,265		496,549
Commercial Mortgage Pass Through Certificates,
Series 2005-FL11, Class AJ
2.6875% due 11/15/2017 (b)(g)		489,554		455,818
Commercial Mortgage Pass Through Certificates,
Series 2006-CN2A, Class AJFX
5.478% due 02/05/2019 (g)		2,700,000		2,442,404
Commercial Mortgage Pass Through Certificates,
Series 2006-FL12, Class B
2.6575% due 12/15/2020 (b)(g)		1,711,798		1,524,579
Countrywide Alternative Loan Trust,
Series 2003-3T1, Class A2
4.50% due 05/25/2033		334,685		327,921
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class ASP
0.7751% IO due 09/15/2039 (g)		111,816,469		2,642,626
Credit Suisse Mortgage Capital Certificates,
Series 2006-TF2A, Class SVA2
2.7575% due 10/15/2021 (b)(g)		2,000,000		1,780,883
Credit Suisse Mortgage Capital Certificates,
Series 2006-TFLA, Class B
2.7175% due 04/15/2021 (b)(g)		675,000		619,238
Credit Suisse/Morgan Stanley Commercial
Mortgage Certificate, Series 2006-HC1A, Class A2
3.3813% due 05/15/2023 (b)(g)		1,000,000		915,716
Crown Castle Towers LLC, Series 2006-1A, Class C
5.4696% due 11/15/2036 (g)		1,500,000		1,361,895

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

300

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.,
Series 2516, Class AX
8.50% due 01/15/2016	$	246,612	$	252,290
Federal Home Loan Mortgage Corp.,
Series 2589, Class GK
4.00% due 03/15/2026		542,091		542,968
Federal National Mortgage Association,
Series 2001-53, Class GH
8.00% due 09/25/2016		182,581		191,034
First Horizon Alternative Mortgage Securities,
Series 2004-AA2, Class 2A1
5.0368% due 08/25/2034 (b)		1,538,857		1,293,232
GE Capital Commercial Mortgage Corp,
Series 2002-2A, Class A2
4.97% due 08/11/2036		1,205,443		1,178,641
Global Signal Trust, Series 2006-1, Class C
5.707% due 02/15/2036 (g)		670,000		622,785
Global Tower Partners Acquisition Partners LLC,
Series 2007-1A, Class AFX
5.3928% due 05/15/2037 (g)		2,000,000		2,004,760
GMAC Commercial Mortgage Securities, Inc.,
Series 1999-C2, Class A2
6.945% due 09/15/2033		1,690,960		1,690,768
Greenpoint Mortgage Funding Trust, Series
2006-AR2, Class 4A1
4.855% due 03/25/2036 (b)		1,329,357		791,711
Harborview Mortgage Loan Trust,
Series 2004-7, Class 2A3
5.3488% due 11/19/2034 (b)		304,064		237,575
Harborview Mortgage Loan
Trust, Series 2005-4, Class 1A
5.4671% due 07/19/2035 (b)		451,908		396,562
JP Morgan Chase Commercial Mortgage Securities
Corp., Series 2006-CB16, Class X2
0.6948% IO due 05/12/2045		100,691,175		1,902,640
LB-UBS Commercial Mortgage Trust, Series
2000-C3, Class A2
7.95% due 05/15/2025		1,372,706		1,398,545
LB-UBS Commercial Mortgage Trust,
Series 2000-C4, Class A2
7.37% due 08/15/2026		1,398,135		1,421,513
LB-UBS Commercial Mortgage Trust,
Series 2005-C5, Class XCP
0.5411% IO due 09/15/2040		33,468,804		411,546
LB-UBS Commercial Mortgage Trust,
Series 2006-C6, Class XCP
0.8472% IO due 09/15/2039		78,233,553		1,969,710
Lehman Brothers Floating Rate Commercial
Mortgage Trust, Series 2004-LLFA, Class A2
2.6575% due 10/15/2017 (b)(g)		465,889		433,788
Lehman XS Trust, Series 2007-10H, Class 2A2
7.50% due 07/25/2037		1,999,267		1,710,621
Mastr Adjustable Rate Mortgages Trust,
Series 2005-2, Class 2A1
5.579% due 03/25/2035 (b)		1,029,376		728,653
Merrill Lynch Mortgage Investors, Inc.,
Series 2003-A1, Class 1A
4.9725% due 12/25/2032 (b)		33,880		33,793
Merrill Lynch Mortgage Trust,
Series 2005-CKI1, Class A1
5.077% due 11/12/2037		1,841,182		1,822,177

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Merrill Lynch Mortgage Trust,
Series 2006-C1, Class A1
5.528% due 05/12/2039 (b)	$	922,556	$	909,356
MLCC Mortgage Investors, Inc.,
Series 2003-C, Class B1
3.8569% due 06/25/2028 (b)		564,167		478,548
Morgan Stanley Capital I,
Series 2005-HQ6, Class X2
0.5349% IO due 08/13/2042		32,665,556		477,469
Morgan Stanley Capital I,
Series 2007-SRR3, Class A
2.7706% due 12/20/2049 (b)(g)		1,000,000		300,000
Morgan Stanley Capital I,
Series 2007-SRR3, Class B
2.8706% due 12/20/2049 (b)(g)		1,000,000		250,000
Multi Security Asset Trust,
Series 2005-RR4A, Class A1
4.38% due 11/28/2035 (g)		2,480,305		2,331,487
Salomon Brothers Mortgage Securities VII, Series
2002-KEY2, Class A2
4.467% due 03/18/2036		1,454,178		1,390,528
SBA CMBS Trust, Series 2006-1A, Class A
5.314% due 11/15/2036 (g)		2,000,000		1,942,260
Sequoia Mortgage Trust, Series 2004-4, Class A
3.1419% due 05/20/2034 (b)		394,429		317,786
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-14, Class 1A
5.4345% due 10/25/2034 (b)		775,373		580,813
WAMU Commercial Mortgage Securities Trust,
Series 2006-SL1, Class A
5.4201% due 11/23/2043 (g)		965,386		825,164
Wells Fargo Mortgage Backed Securities Trust,
Series 2003-2, Class A6
5.25% due 02/25/2018		2,002,932		2,001,035
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR16, Class 4A1
4.9923% due 10/25/2035 (b)		3,818,398		3,646,218
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR17, Class A1
5.331% due 10/25/2036 (b)		2,975,478		2,375,173
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $77,679,961)			$	68,420,019
ASSET BACKED SECURITIES - 7.61%
Alesco Preferred Funding, Ltd., Series 12A, Class B
3.0712% due 07/15/2037 (b)(g)		310,000		77,500
Alesco Preferred Funding, Ltd., Series 14A, Class B
3.86% due 09/23/2037 (b)(g)		1,310,000		524,000
Alesco Preferred Funding, Ltd.,
Series 15A, Class B1
3.89% due 12/23/2037 (b)(g)		115,000		46,000
American Express Issuance Trust, Series 2008-1,
Class A
3.4376% due 12/15/2010 (b)		1,000,000		992,086
Anthracite, Ltd., Series 2002-2A, Class B
5.488% due 12/24/2037 (b)(g)		1,000,000		780,000
Anthracite, Ltd., Series 2002-CIBA, Class A
3.6263% due 05/24/2017 (b)(g)		881,939		740,828
Anthracite, Ltd., Series 2004-1A, Class A
3.55% due 03/23/2019 (b)(g)		954,017		714,936

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

301

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Arbor Realty Mortgage Securities, Series
2006-1A, Class C
3.395% due 12/26/2041 (b)(g)	$	365,000	$	165,701
Arbor Realty Mortgage Securities, Series
2006-1A, Class F
3.845% due 01/26/2042 (b)(g)		610,000		274,601
Bank of America Credit Card Trust, Series
2008-A3, Class A3
3.2375% due 08/15/2011 (b)		800,000		799,268
Capital Trust Re CDO, Ltd., Series 2005-1A, Class B
3.6575% due 03/20/2050 (b)(g)		3,000,000		1,950,000
CPL Transition Funding LLC, Series 2002-1, Class
A3
5.56% due 01/15/2012		802,159		814,843
Crest, Ltd., Series 2000-1A, Class C
7.75% due 08/31/2036 (g)		690,000		633,758
Crest, Ltd., Series 2002-IGA, Class A
3.245% due 07/28/2017 (b)(g)		1,631,454		1,524,440
Crest, Ltd., Series 2003-1A, Class B1
3.7594% due 05/28/2038 (b)(g)		1,000,000		773,754
Crystal River Resecuritization, Series 2006-1
5.82% due 09/22/2047		2,100,000		840,000
Equity One ABS, Inc., Series 2004-2, Class AV2
3.4569% due 07/25/2034 (b)		42,960		36,055
Green Tree Financial Corp., Series 1996-8, Class A6
7.60% due 10/15/2027		94,172		97,532
Highland Park CDO, Ltd., Series 2006-1A, Class A2
3.2106% due 11/25/2051 (b)(g)		2,300,000		1,346,190
Long Beach Mortgage Loan Trust,
Series 2004-1, Class M3
3.9069% due 02/25/2034 (b)		400,000		326,465
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class E
3.2356% due 02/01/2041 (b)(g)		475,000		227,290
N-Star Real Estate CDO, Ltd.,
Series 2006-8A, Class G
3.4356% due 02/01/2041 (b)(g)		475,000		200,970
Ownit Mortgage Loan, Series 2006-1, Class AF2
5.29% due 12/25/2036		900,000		797,673
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF2
5.533% due 05/25/2036		85,513		84,856
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF3
5.608% due 05/25/2036		500,000		474,897
Cedarwoods Credit CDO, Ltd.,
Series 2007-2A, Class B
3.5869% due 02/25/2052 (b)(g)		1,000,000		419,000
TOTAL ASSET BACKED SECURITIES
(Cost $22,754,027)			$	15,662,643

Short-Term Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 9.41%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$19,383,673 on 10/01/2008,
collateralized by $18,015,000
Federal National Mortgage
Association, 5.625% due
07/15/2037 (valued at
$19,773,985, including interest)	$	19,383,000	$	19,383,000
TOTAL REPURCHASE AGREEMENTS
(Cost $19,383,000)			$	19,383,000
Total Investments (Short-Term Bond Trust)
(Cost $225,124,462) - 99.22%			$	204,292,143
Other Assets in Excess of Liabilities - 0.78%				1,601,294
TOTAL NET ASSETS - 100.00%			$	205,893,437
Small Cap Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 55.21%
Basic Materials - 1.63%
Penford Corp.		36,000	$	636,840
Communications - 5.08%
Aruba Networks, Inc. *		27,300		140,049
inVentiv Health, Inc. *		49,900		881,234
TheStreet.com, Inc.		160,900		963,791
				1,985,074
Consumer, Cyclical - 1.62%
Citi Trends, Inc. *		38,919		633,990
Consumer, Non-cyclical - 20.55%
Gaiam, Inc., Class A *		29,900		316,940
Intermediate Parfums, Inc.		73,900		1,002,084
Inverness Medical Innovations, Inc. *		64,700		1,941,000
Kenexa Corp. *		36,600		577,914
SurModics, Inc. * (a)		30,500		960,445
Symmetry Medical, Inc. *		120,400		2,234,624
Team, Inc. *		27,400		989,688
				8,022,695
Energy - 1.31%
Warren Resources, Inc. *		51,300		511,974
Financial - 3.24%
Amtrust Financial Services, Inc.		2,600		35,334
First Mercury Financial Corp. *		66,800		951,900
National Interstate Corp.		6,900		165,807
SWS Group, Inc.		5,600		112,896
				1,265,937
Funds - 8.66%
iShares Russell 2000 Index Fund		24,800		1,696,072
iShares S&P SmallCap 600 Index Fund		28,300		1,684,133
				3,380,205
Industrial - 2.40%
CECO Environmental Corp. *		66,100		261,756

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

302

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Dynamic Materials Corp.		2,800	$	64,988
Flow International Corp. *		120,232		610,779
				937,523
Technology - 10.72%
3PAR, Inc. *		88,500		570,825
DivX, Inc. *		38,400		248,448
IPG Photonics Corp. *		65,700		1,281,807
Radiant Systems, Inc. *		93,100		809,039
Synchronoss Technologies, Inc. *		72,200		679,402
Techwell, Inc. *		63,100		595,033
				4,184,554
TOTAL COMMON STOCKS (Cost $26,996,540)			$	21,558,792
SHORT TERM INVESTMENTS - 1.44%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	561,816	$	561,816
TOTAL SHORT TERM INVESTMENTS
(Cost $561,816)			$	561,816
REPURCHASE AGREEMENTS - 40.64%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$15,868,551 on 10/01/2008,
collateralized by $16,580,000
Federal National Mortgage
Association, 5.55% due
07/10/2028 (valued at
$16,186,225, including interest)	$	15,868,000	$	15,868,000
TOTAL REPURCHASE AGREEMENTS
(Cost $15,868,000)			$	15,868,000
Total Investments (Small Cap Trust)
(Cost $43,426,356) - 97.29%			$	37,988,608
Other Assets in Excess of Liabilities - 2.71%				1,058,902
TOTAL NET ASSETS - 100.00%			$	39,047,510
Small Cap Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.66%
Basic Materials - 4.06%
FMC Corp.		64,622	$	3,320,925
Quaker Chemical Corp.		85,390		2,430,199
Solutia, Inc. *		366,461		5,130,454
				10,881,578
Communications - 11.27%
Ariba, Inc. *		293,070		4,141,079
Atheros Communications, Inc. *		146,960		3,465,317
Cellcom Israel, Ltd.		159,914		4,807,015
Constant Contact, Inc. *		35,380		603,936
Ctrip.com International, Ltd., ADR		21,390		825,868
Equinix, Inc. *		35,110		2,438,741

Small Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Focus Media Holding, Ltd., ADR * (a)	103,040	$	2,937,670
McAfee, Inc. *	81,600		2,771,136
Netease.com, Inc., ADR *	174,390		3,976,092
NICE Systems, Ltd., ADR *	99,740		2,716,918
RightNow Technologies, Inc. *	121,270		1,524,364
			30,208,136
Consumer, Cyclical - 12.29%
Advance Auto Parts, Inc.	130,040		5,157,386
Big Lots, Inc. *	126,910		3,531,905
BJ's Wholesale Club, Inc. *	140,600		5,463,716
Dick's Sporting Goods, Inc. *	103,320		2,023,006
FGX International Holdings, Ltd. *	133,349		1,476,173
Foot Locker, Inc.	165,430		2,673,349
Marvel Entertainment, Inc. *	132,810		4,534,133
Mobile Mini, Inc. *	105,000		2,029,650
Owens & Minor, Inc.	81,610		3,958,085
Pool Corp.	2,600		60,658
Titan International, Inc.	85,755		1,828,297
Zumiez, Inc. *	13,177		217,157
			32,953,515
Consumer, Non-cyclical - 29.99%
Alexion Pharmaceuticals, Inc. *	53,690		2,110,017
Alkermes, Inc. *	143,836		1,913,019
Alliance Data Systems Corp. *	28,850		1,828,513
AngioDynamics, Inc. *	169,812		2,683,030
Arena Pharmaceuticals, Inc. *	139,710		698,550
Auxilium Pharmaceuticals, Inc. *	62,380		2,021,112
Celera Corp. *	186,790		2,885,906
Charles River Laboratories International, Inc. *	51,510		2,860,350
Cougar Biotechnology, Inc. *	43,490		1,452,131
Cubist Pharmaceuticals, Inc. *	77,960		1,733,051
Health Net, Inc. *	89,890		2,121,404
Healthsouth Corp. * (a)	288,300		5,313,369
Healthspring, Inc. *	102,330		2,165,303
Hill International, Inc. *	63,880		884,738
Human Genome Sciences, Inc. *	181,300		1,151,255
ICON PLC, SADR *	99,280		3,797,460
Interactive Data Corp.	122,382		3,086,474
Invacare Corp.	36,800		888,352
ITT Educational Services, Inc. *	39,940		3,231,545
Jarden Corp. *	172,410		4,043,015
Medicines Company *	110,250		2,560,005
Mindray Medical International, Ltd., ADR	39,370		1,327,950
Net 1 UEPS Technologies, Inc. *	113,710		2,539,144
NutriSystem, Inc.	24,100		427,052
Onyx Pharmaceuticals, Inc. *	49,860		1,803,935
Perrigo Company	66,940		2,574,512
Pharmaceutical Product Development, Inc.	131,260		5,427,601
Psychiatric Solutions, Inc. *	88,390		3,354,401
Ralcorp Holdings, Inc. *	53,017		3,573,876
Regeneron Pharmaceuticals, Inc. *	91,980		2,007,923
Resources Connection, Inc. *	72,880		1,641,986
Tetra Tech, Inc. *	139,420		3,354,445
Volcano Corp. *	168,960		2,921,318
			80,382,742
.

The accompanying notes are an integral part of the financial statements

303

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Diversified - 1.17%
Liberty Acquisition Holdings Corp. *	352,960	$	3,141,344
Energy - 7.53%
Arena Resources, Inc. *	54,810		2,129,368
Carbo Ceramics, Inc.	35,130		1,813,059
Dril-Quip, Inc. *	48,190		2,090,964
Encore Aquisition Company *	44,660		1,865,895
Forest Oil Corp. *	72,480		3,595,008
Foundation Coal Holdings, Inc.	57,040		2,029,483
Hercules Offshore, Inc. *	87,000		1,318,920
LDK Solar Company, Ltd., ADR *	33,250		998,165
Penn Virginia Corp.	34,200		1,827,648
St. Mary Land & Exploration Company	70,790		2,523,664
			20,192,174
Financial - 3.69%
Allied World Assurance Holdings, Ltd.	100,670		3,575,798
Arch Capital Group, Ltd. *	6,900		503,907
Comerica, Inc.	25,530		837,129
International Bancshares Corp.	41,758		1,127,466
ProAssurance Corp. *	42,771		2,395,176
Signature Bank *	41,670		1,453,450
			9,892,926
Funds - 0.35%
iShares Russell 2000 Growth Index Fund (a)	13,100		926,432
Industrial - 17.00%
Aecom Technology Corp. *	210,860		5,153,418
American Ecology Corp.	117,490		3,250,948
Axsys Technologies, Inc. *	23,564		1,388,862
Cubic Corp.	65,400		1,608,186
FLIR Systems, Inc. *	126,560		4,862,435
Flowserve Corp.	26,470		2,349,742
Heartland Express, Inc.	91,800		1,424,736
Hub Group, Inc., Class A *	105,470		3,970,946
Itron, Inc. *	30,642		2,712,736
J.B. Hunt Transport Services, Inc.	54,830		1,829,677
Kansas City Southern *	73,490		3,260,016
Landstar Systems, Inc.	33,870		1,492,312
Snap-on, Inc.	94,080		4,954,253
Teledyne Technologies, Inc. *	59,504		3,401,249
Waste Connections, Inc. *	79,955		2,742,457
Werner Enterprises, Inc.	53,170		1,154,321
			45,556,294
Technology - 11.31%
CACI International, Inc., Class A *	88,550		4,436,355
Cavium Networks, Inc. *	79,390		1,117,811
Concur Technologies, Inc. *	36,690		1,403,760
FactSet Research Systems, Inc.	61,627		3,220,011
Microsemi Corp. *	124,040		3,160,539
MSCI, Inc. *	51,480		1,235,520
ON Semiconductor Corp. *	376,590		2,545,748
Red Hat, Inc. *	160,340		2,416,324
Skyworks Solutions, Inc. *	326,070		2,725,945
Solera Holdings, Inc. *	157,870		4,534,027

Small Cap Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Sykes Enterprises, Inc. *		160,690	$	3,528,752
				30,324,792
TOTAL COMMON STOCKS (Cost $278,587,489)				264,459,933
SHORT TERM INVESTMENTS - 2.07%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	5,557,858	$	5,557,858
TOTAL SHORT TERM INVESTMENTS
(Cost $5,557,858)			$	5,557,858
REPURCHASE AGREEMENTS - 4.72%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$12,647,439 on 10/1/2008,
collateralized by $12,865,000
Federal Home Loan Mortgage
Corp., 4.15% due 01/29/2013
(valued at $12,900,507, including
interest)	$	12,647,000	$	12,647,000
TOTAL REPURCHASE AGREEMENTS
(Cost $12,647,000)			$	12,647,000
Total Investments (Small Cap Growth Trust)
(Cost $296,792,347) - 105.45%			$	282,664,791
Liabilities in Excess of Other Assets - (5.45)%				(14,603,669)
TOTAL NET ASSETS - 100.00%			$	268,061,122
Small Cap Index Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 94.75%
Basic Materials - 3.35%
A. Schulman, Inc.		8,948	$	176,991
AbitibiBowater, Inc. *		9,176		35,511
AMCOL International Corp.		8,308		259,708
American Vanguard Corp.		6,430		96,964
Apex Silver Mines, Ltd. *		21,297		36,631
Arch Chemicals, Inc.		8,023		283,212
Balchem Corp.		6,171		164,581
Boise, Inc. *		12,654		19,740
Brush Engineered Materials, Inc. *		6,521		121,095
Buckeye Technologies, Inc. *		13,021		106,642
China Precision Steel, Inc. * (a)		5,979		19,910
Coeur d'Alene Mines Corp. *		179,013		273,890
Compass Minerals International, Inc.		10,333		541,346
Deltic Timber Corp.		3,530		224,649
Ferro Corp.		14,118		283,772
General Moly, Inc. *		20,745		90,241
General Steel Holdings, Inc. *		3,665		26,168
Gibraltar Industries, Inc.		8,755		163,806
H.B. Fuller Company		16,821		351,054
Hecla Mining Company *		42,004		196,579
Hercules, Inc.		35,907		710,600

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

304

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
Horsehead Holding Corp. *	11,327	$	66,829
ICO, Inc. *	10,043		56,341
Innophos Holdings, Inc.	3,430		83,623
Innospec, Inc.	7,832		94,454
Kaiser Aluminum Corp.	4,985		214,106
Landec Corp. *	8,946		73,268
Louisiana-Pacific Corp.	33,108		307,904
Mercer International, Inc. *	10,948		40,070
Metabolix, Inc. * (a)	6,711		73,016
Minerals Technologies, Inc.	6,027		357,763
Neenah Paper, Inc.	5,165		102,267
Newmarket Corp.	4,285		225,220
Olin Corp.	23,788		461,487
Olympic Steel, Inc.	2,899		85,491
OM Group, Inc. *	9,704		218,340
P.H. Glatfelter Company	14,808		200,500
Penford Corp.	4,476		79,180
PolyOne Corp. *	30,248		195,100
Potlatch Corp.	12,374		574,030
Quaker Chemical Corp.	3,581		101,915
Rock-Tenn Company, Class A	12,140		485,357
Rockwood Holdings, Inc. *	13,316		341,689
Royal Gold, Inc.	10,280		369,669
RTI International Metals, Inc. *	7,340		143,570
Schweitzer Mauduit International, Inc.	5,594		106,230
Sensient Technologies Corp.	15,258		429,208
ShengdaTech, Inc. * (a)	10,056		70,392
Solutia, Inc. *	19,741		276,374
Spartech Corp.	10,179		100,772
Stepan Company	2,264		123,546
Stillwater Mining Company *	12,697		73,770
Symyx Technologies, Inc. *	12,050		119,415
Universal Stainless & Alloy Products, Inc. *	2,304		58,867
Uranium Resources, Inc. *	15,857		26,798
USEC, Inc. * (a)	35,522		192,174
W. R. Grace & Company *	23,123		349,620
Wausau-Mosinee Paper Corp.	15,463		156,640
Westlake Chemical Corp.	6,130		128,914
Xerium Technologies, Inc.	7,702		49,601
Zep, Inc.	7,126		125,703
Zoltek Companies, Inc. *	8,861		151,612
			11,673,915
Communications - 7.23%
1-800-Flowers.com, Inc. *	9,788		58,924
3Com Corp. *	129,633		302,045
Acme Packet, Inc. *	9,231		52,894
Adaptec, Inc. *	40,911		134,188
ADTRAN, Inc.	17,821		347,331
Airvana, Inc. *	8,028		47,285
Alaska Communications Systems Group, Inc. (a)	14,607		178,644
Anaren, Inc. *	5,642		57,266
Anixter International, Inc. *	9,379		558,144
Applied Signal Technology, Inc.	4,935		85,770
Ariba, Inc. *	27,470		388,151
Arris Group, Inc. *	39,159		302,699
Art Technology Group, Inc. *	41,922		147,565

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Aruba Networks, Inc. *	17,368	$	89,098
AsiaInfo Holdings, Inc. *	11,244		103,220
Atheros Communications, Inc. *	18,916		446,039
Atlantic Tele-Network, Inc.	3,250		91,000
Avocent Corp. *	14,347		293,540
Belo Corp., Class A	36,300		216,348
BigBand Networks, Inc. *	11,612		42,848
Black Box Corp.	5,677		196,027
Blue Coat Systems, Inc. *	10,923		154,997
Blue Nile, Inc. * (a)	4,292		183,998
Cbeyond Communications, Inc. *	7,895		113,609
Centennial Communications Corp., Class A *	22,345		139,433
China Information Security Technology, Inc. * (a)	7,810		36,707
Chordiant Software, Inc. *	10,385		53,275
Cincinnati Bell, Inc. *	79,514		245,698
CKX, Inc. *	18,811		115,876
Cogent Communications Group, Inc. * (a)	15,315		118,232
comScore, Inc. *	5,823		102,659
Comtech Telecommunications Corp. *	7,730		380,625
Consolidated Communications Holdings, Inc.	8,269		124,697
Constant Contact, Inc. * (a)	6,701		114,386
Courier Corp.	4,100		83,476
Cox Radio, Inc., Class A *	9,066		95,737
CPI International, Inc. *	3,710		53,721
Cumulus Media, Inc., Class A *	12,008		51,154
Cybersource Corp. *	22,086		355,805
DealerTrack Holdings, Inc. *	13,737		231,331
DG Fastchannel, Inc. *	5,208		114,159
Dice Holdings, Inc. *	5,501		39,057
Digital River, Inc. *	11,823		383,065
Dolan Media Company *	7,508		75,756
Drugstore.com, Inc. *	31,253		73,445
Earthlink, Inc. *	35,122		298,537
EMS Technologies, Inc. *	5,264		117,440
Entercom Communications Corp.	9,102		45,692
Entravision Communications Corp., Class A *	20,660		55,575
Entrust, Inc. *	22,412		48,186
eResearch Technology, Inc. *	13,892		165,454
Extreme Networks, Inc. *	39,243		132,249
Fairpoint Communications, Inc.	28,835		249,999
FiberTower Corp. *	42,756		59,003
Finisar Corp. *	30,827		31,135
Fisher Communications, Inc. *	2,724		107,326
Foundry Networks, Inc. *	46,444		845,745
General Communication, Inc., Class A *	15,609		144,539
GeoEye, Inc. *	6,113		135,281
Global Crossing, Ltd. *	8,598		130,346
Global Sources, Ltd. *	6,030		60,722
Global Traffic Network, Inc. *	5,291		49,048
Globalstar, Inc. *	16,920		28,764
Globecomm Systems, Inc. *	7,868		68,766
Gray Television, Inc.	16,686		28,700
Greenfield Online, Inc. *	8,994		156,496
GSI Commerce, Inc. *	7,679		118,871
Harmonic, Inc. *	30,233		255,469
Harris Stratex Networks, Inc., Class A *	8,683		67,814

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

305

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Harte-Hanks, Inc.	11,967	$	124,098
Hughes Communications, Inc. *	2,456		90,135
Hypercom Corp. *	18,682		74,354
i2 Technologies, Inc. *	5,541		74,748
iBasis, Inc. *	11,031		38,498
ICO Global Communications Holdings, Ltd. *	34,481		37,584
Idearc, Inc.	47,224		59,030
Infinera Corp. *	29,862		285,481
InfoSpace, Inc. *	11,501		124,786
InterDigital, Inc. *	14,559		350,144
Internap Network Services Corp. *	16,934		58,930
Internet Brands, Inc. *	7,536		52,526
Internet Capital Group, Inc. *	13,021		105,600
Interwoven, Inc. *	14,698		207,536
inVentiv Health, Inc. *	10,622		187,584
Iowa Telecommunications Services, Inc.	10,686		199,614
iPCS, Inc. *	5,705		127,050
Ixia *	14,172		104,448
J2 Global Communications, Inc. *	14,161		330,659
Journal Communications, Inc.	15,260		74,469
Keynote Systems, Inc. *	5,482		72,636
Knology, Inc. *	9,802		79,102
Lee Enterprises, Inc. (a)	15,419		53,966
Lin TV Corp. *	9,675		49,923
Liquidity Services, Inc. *	5,092		55,248
LoopNet, Inc. *	9,562		93,994
Loral Space & Communications, Inc. *	4,144		61,207
Marchex, Inc., Class B	7,875		81,034
Martha Stewart Living
Omnimedia, Inc., Class A * (a)	8,570		72,931
Mastec, Inc. *	13,888		184,571
McClatchy Company, Class A (a)	19,033		83,745
Media General, Inc., Class A	7,745		96,270
Mediacom Communications Corp., Class A *	14,539		86,071
Mercadolibre, Inc. *	8,146		165,771
ModusLink Global Solutions, Inc. *	16,162		155,317
Move, Inc. *	42,278		89,629
Netflix, Inc. * (a)	12,883		397,827
Neutral Tandem, Inc. *	5,633		104,436
Newport Corp. *	11,921		128,508
Nextwave Wireless, Inc. *	16,996		10,198
NIC, Inc. *	13,064		90,142
Novatel Wireless, Inc. *	10,313		62,497
NTELOS Holdings Corp.	9,790		263,253
Online Resources Corp. *	9,862		76,628
Oplink Communications, Inc. *	7,444		89,849
OpNext, Inc. *	6,597		30,280
Orbcomm, Inc. *	10,947		53,969
Orbitz Worldwide, Inc. *	11,919		69,965
Outdoor Channel Holdings, Inc. *	7,703		67,786
Overstock.com, Inc. *	4,999		99,030
PAETEC Holding Corp. *	40,035		86,075
Parkervision, Inc. *	7,813		78,130
PC-Tel, Inc. *	8,075		75,259
Perficient, Inc. *	10,454		69,415
Plantronics, Inc.	15,565		350,524

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Playboy Enterprises, Inc., Class B *	9,232	$	36,374
Polycom, Inc. *	27,819		643,453
Powerwave Technologies, Inc. *	42,658		168,926
Premiere Global Services, Inc. *	19,826		278,754
R.H. Donnelley Corp. *	22,646		45,066
RCN Corp. *	13,316		163,254
RealNetworks, Inc. *	28,990		147,269
RF Micro Devices, Inc. *	83,837		244,804
RightNow Technologies, Inc. *	9,217		115,858
S1 Corp. *	16,399		100,362
Sapient Corp. *	28,445		211,346
SAVVIS, Inc. * (a)	12,251		164,653
Scholastic Corp.	7,714		198,096
Secure Computing Corp. *	17,692		96,952
Shenandoah Telecommunications Company	8,071		178,127
ShoreTel, Inc. *	15,513		89,045
Shutterfly, Inc. *	6,496		62,427
Sinclair Broadcast Group, Inc., Class A	17,990		90,670
SonicWALL, Inc. *	18,878		98,921
Sonus Networks, Inc. *	65,317		188,113
Sourcefire, Inc. *	7,780		56,716
Stamps.com, Inc. *	5,010		58,467
Starent Networks Corp. *	9,540		123,448
SupportSoft, Inc. *	18,590		55,770
Switch & Data Facilities Company, Inc. *	6,788		84,511
Sycamore Networks, Inc. *	61,916		199,989
Symmetricom, Inc. *	16,509		82,050
Syniverse Holdings, Inc. *	16,464		273,467
TechTarget, Inc. *	4,638		32,466
Tekelec, Inc. *	20,894		292,307
TeleCommunication Systems, Inc. *	12,345		85,304
Terremark Worldwide, Inc. *	17,658		121,310
The Knot, Inc. *	9,760		81,496
TheStreet.com, Inc.	6,364		38,120
Thinkorswim Group, Inc. *	16,841		140,286
TIBCO Software, Inc. *	59,421		434,962
TW Telecom, Inc. *	47,212		490,533
United Online, Inc.	24,736		232,766
USA Mobility, Inc. *	9,076		99,836
UTStarcom, Inc. * (a)	35,791		120,616
ValueClick, Inc. *	30,349		310,470
VASCO Data Security International, Inc. *	8,757		90,723
Viasat, Inc. *	8,271		195,030
Vignette Corp. *	8,585		92,203
Virgin Mobile USA, Inc. *	11,358		33,393
Vocus, Inc. *	5,268		178,901
Websense, Inc. *	14,566		325,550
Website Pros, Inc. *	9,452		51,041
World Wrestling Entertainment, Inc., Class A	7,103		109,812
			25,187,554
Consumer, Cyclical - 11.62%
99 Cents Only Stores *	15,054		165,142
Accuride Corp. *	12,195		19,512
Aeropostale, Inc. *	21,915		703,691
AFC Enterprises, Inc. *	9,030		65,558
Airtran Holdings, Inc. *	38,517		93,596

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

306

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Alaska Air Group, Inc. *	11,488	$	234,240
Allegiant Travel Company *	4,526		159,858
Ambassadors Group, Inc.	6,629		105,467
American Apparel, Inc. *	11,039		90,520
American Axle & Manufacturing Holdings, Inc.	14,688		78,728
American Woodmark Corp. (a)	3,750		84,187
Americas Car Mart, Inc. *	3,934		73,133
Amerigon, Inc. *	7,766		51,100
Ameristar Casinos, Inc.	8,416		119,423
ArvinMeritor, Inc.	23,445		305,723
Asbury Automotive Group, Inc.	10,096		116,306
ATC Technology Corp. *	6,936		164,661
Audiovox Corp., Class A *	6,371		59,696
Bally Technologies, Inc. *	17,515		530,354
Beacon Roofing Supply, Inc. *	14,538		227,084
Beazer Homes USA, Inc. *	13,132		78,529
Bebe Stores, Inc.	12,271		119,888
Big 5 Sporting Goods Corp.	8,159		84,201
BJ's Restaurants, Inc. *	6,283		75,019
Blockbuster, Inc., Class A * (a)	57,571		118,021
BMP Sunstone Corp. *	8,358		58,005
Bob Evans Farms, Inc.	9,982		272,409
Borders Group, Inc.	19,905		130,577
Brightpoint, Inc. *	16,177		116,474
Brown Shoe, Inc.	13,482		220,835
Brunswick Corp.	27,805		355,626
Buffalo Wild Wings, Inc. *	5,764		231,943
Build A Bear Workshop, Inc. *	5,918		43,083
Cabela's, Inc. *	12,511		151,133
Cache, Inc. *	4,244		29,156
California Pizza Kitchen, Inc. *	7,269		93,552
Callaway Golf Company	21,319		299,958
Carter's, Inc. *	18,244		359,954
Casey's General Stores, Inc.	16,494		497,624
Cash America International, Inc.	9,325		336,073
Casual Male Retail Group, Inc. *	13,531		53,177
Cato Corp., Class A	9,000		157,950
Cavco Industries, Inc. *	2,393		86,507
CBRL Group, Inc.	7,164		188,413
CEC Entertainment, Inc. *	6,984		231,869
Champion Enterprises, Inc. *	25,084		139,216
Charlotte Russe Holding, Inc. *	6,774		69,433
Charming Shoppes, Inc. *	36,567		178,813
Cherokee, Inc. (a)	3,133		68,863
Chico's FAS, Inc. *	56,122		306,987
Children's Place Retail Stores, Inc. *	7,465		248,958
Chindex International, Inc. * (a)	5,531		60,067
Christopher & Banks Corp.	11,453		87,844
Churchill Downs, Inc.	3,303		161,781
Cinemark Holdings, Inc. (a)	9,455		128,588
Circuit City Stores, Inc.	54,501		41,421
Citi Trends, Inc. *	4,678		76,205
CKE Restaurants, Inc.	17,037		180,592
Coldwater Creek, Inc. *	18,627		107,850
Collective Brands, Inc. *	20,373		373,030
Columbia Sportswear Company	3,925		164,693

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Commercial Vehicle Group, Inc. *	7,388	$	52,529
Conn's, Inc. *	3,267		61,126
Cooper Tire & Rubber Company	18,836		161,990
Core-Mark Holding Company, Inc. *	3,428		85,666
Crocs, Inc. * (a)	26,650		95,407
Dana Holding Corp. *	32,093		155,330
Deckers Outdoor Corp. *	4,162		433,181
Denny's Corp. *	31,998		82,555
Dillard's, Inc., Class A	17,928		211,550
DineEquity, Inc.	5,656		95,360
Domino's Pizza, Inc. *	13,203		160,284
DSW, Inc., Class A *	4,477		61,335
DTS, Inc. *	5,789		161,108
Ethan Allen Interiors, Inc. (a)	7,726		216,483
Exide Technologies *	24,134		178,109
FGX International Holdings, Ltd. *	5,164		57,165
Finish Line, Inc.	13,783		137,692
First Cash Financial Services, Inc. *	6,537		98,055
Fleetwood Enterprises, Inc. *	22,493		22,943
Force Protection, Inc. *	22,339		59,869
Fred's, Inc., Class A	13,027		185,244
Fuel Systems Solutions, Inc. *	3,944		135,871
Furniture Brands International, Inc. (a)	13,175		138,601
G & K Services Inc., Class A	6,301		208,248
Gaylord Entertainment Company * (a)	13,198		387,625
Genesco, Inc. *	8,207		274,770
G-III Apparel Group, Ltd. *	4,891		91,511
Great Wolf Resorts, Inc. *	11,083		40,564
Group 1 Automotive, Inc.	7,334		159,368
Gymboree Corp. *	9,009		319,819
Haverty Furniture Companies, Inc.	6,796		77,746
Hawaiian Holdings, Inc. *	13,057		121,169
Hayes Lemmerz International, Inc. *	34,368		93,825
Herman Miller, Inc.	17,794		435,419
Hibbett Sports, Inc. *	9,163		183,443
HNI Corp.	14,094		357,142
Hooker Furniture Corp.	3,705		65,764
Hot Topic, Inc. *	14,749		97,491
Houston Wire & Cable Company (a)	5,982		102,711
Hovnanian Enterprises, Inc., Class A *	15,352		122,662
Iconix Brand Group, Inc. * (a)	18,581		243,039
Insight Enterprises, Inc. *	15,111		202,638
Interface, Inc., Class A	17,142		194,905
J. Crew Group, Inc. *	13,477		385,038
Jack in the Box, Inc. *	19,272		406,639
Jakks Pacific, Inc. *	8,857		220,628
JetBlue Airways Corp. *	54,918		271,844
Jo-Ann Stores, Inc. *	8,154		171,071
Jos. A. Bank Clothiers, Inc. * (a)	5,801		194,914
Kimball International, Inc., Class B	11,546		124,697
Knoll, Inc.	15,520		234,662
Krispy Kreme Doughnuts, Inc. *	19,383		63,964
K-Swiss, Inc., Class A	8,731		151,919
Landry's Restaurants, Inc.	4,215		65,543
La-Z-Boy, Inc. (a)	17,021		158,636
Leapfrog Enterprises, Inc., Class A *	11,445		120,859

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

307

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Lear Corp. *	20,287	$	213,013
Libbey, Inc.	5,694		48,456
Life Time Fitness, Inc. * (a)	11,141		348,379
Lodgian, Inc. *	6,785		52,923
Longs Drug Stores Corp.	9,836		743,995
Lululemon Athletica, Inc. *	5,797		133,505
Lumber Liquidators, Inc. *	3,232		40,594
M/I Homes, Inc.	5,000		113,900
Macrovision Solutions Corp. *	26,327		404,909
Maidenform Brands, Inc. *	7,598		110,247
Marcus Corp.	6,947		111,708
Marinemax, Inc. *	6,206		44,869
Marvel Entertainment, Inc. *	15,636		533,813
Meritage Homes Corp. * (a)	10,056		248,383
Mobile Mini, Inc. *	11,117		214,892
Modine Manufacturing Company	10,496		151,982
Monarch Casino & Resort, Inc. *	4,915		55,982
Morgans Hotel Group Company *	9,478		103,405
Movado Group, Inc.	5,338		119,304
MWI Veterinary Supply, Inc. *	3,410		133,979
National Cinemedia, Inc.	14,143		156,280
National Presto Industries, Inc.	1,629		121,360
New York & Company, Inc. *	7,514		71,684
Nu Skin Enterprises, Inc., Class A	16,138		261,758
O'Charley's, Inc.	6,964		60,935
O'Reilly Automotive, Inc. *	6,116		163,725
Owens & Minor, Inc.	12,930		627,105
Oxford Industries, Inc.	4,736		122,331
P.F. Chang's China Bistro, Inc. * (a)	7,862		185,071
Pacific Sunwear of California, Inc. *	22,726		152,946
Pantry, Inc. *	7,728		163,756
Papa John's International, Inc. *	7,169		194,710
PC Mall, Inc. *	3,883		26,521
Perry Ellis International, Inc. *	3,851		57,418
Pier 1 Imports, Inc. *	28,725		118,634
Pinnacle Entertainment, Inc. *	19,367		146,414
Polaris Industries, Inc. (a)	10,521		478,600
Pool Corp. (a)	15,510		361,848
PriceSmart, Inc.	4,774		79,917
Quiksilver, Inc. *	40,497		232,453
RC2 Corp. *	5,937		118,740
Red Robin Gourmet Burgers, Inc. *	5,430		145,524
Regis Corp.	13,610		374,275
Republic Airways Holdings, Inc. *	11,311		115,259
Retail Ventures, Inc. *	10,114		39,445
Rick's Cabaret International, Inc. *	2,297		22,557
Riviera Holdings Corp. *	4,028		29,606
Ruby Tuesday, Inc. *	17,129		99,177
Rush Enterprises, Inc., Class A *	16,442		210,458
Ryland Group, Inc.	13,605		360,805
Sally Beauty Holdings, Inc. *	30,589		263,065
ScanSource, Inc. *	8,477		244,053
School Specialty, Inc. *	6,417		200,146
Sealy Corp.	14,919		96,377
Shoe Carnival, Inc. *	3,336		54,644
Shuffle Master, Inc. *	12,281		62,510

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Six Flags, Inc. * (a)	29,791	$	20,556
Skechers U.S.A., Inc., Class A *	10,422		175,402
Skyline Corp.	2,669		70,542
SkyWest, Inc.	18,274		292,019
Sonic Automotive, Inc.	8,163		69,059
Sonic Corp. *	19,489		283,955
Speedway Motorsports, Inc.	4,554		88,712
Stage Stores, Inc.	12,365		168,906
Standard Pacific Corp. *	24,624		120,904
Stein Mart, Inc.	9,481		37,071
Steinway Musical Instruments, Inc. *	2,706		76,634
Steven Madden, Ltd. *	5,904		146,301
Superior Industries International, Inc. (a)	7,446		142,665
Susser Holdings Corp. *	3,395		51,129
Systemax, Inc. *	3,499		49,196
Talbots, Inc. (a)	8,018		105,036
Tempur-Pedic International, Inc.	23,836		280,311
Tenneco, Inc. *	14,873		158,100
Texas Roadhouse, Inc., Class A *	17,105		153,774
The Buckle, Inc.	4,871		270,535
The Cheesecake Factory, Inc. *	21,406		312,956
The Dress Barn, Inc. *	14,348		219,381
The Men's Wearhouse, Inc.	16,373		347,763
The Nautilus Group, Inc. * (a)	8,415		38,457
The Pep Boys - Manny, Moe & Jack	13,836		85,506
The Steak & Shake Company * (a)	11,002		95,497
The Wet Seal, Inc., Class A *	30,105		109,281
Timberland Company, Class A *	15,341		266,473
Titan International, Inc.	10,948		233,411
Titan Machinery, Inc. *	2,423		50,423
TiVo, Inc. *	33,693		246,633
Town Sports International Holdings, Inc. *	6,526		39,809
Tractor Supply Company *	10,633		447,118
True Religion Apparel, Inc. * (a)	5,501		142,201
Tuesday Morning Corp. *	11,182		46,182
Tween Brands, Inc. *	7,998		78,300
UAL Corp. *	39,804		349,877
Ulta Salon, Cosmetics & Fragrance, Inc. *	6,697		88,936
Under Armour, Inc., Class A * (a)	10,476		332,718
Unifi, Inc. *	20,197		97,753
Unifirst Corp.	4,575		197,137
United Stationers, Inc. *	7,513		359,347
Universal Electronics, Inc. *	4,782		119,454
US Airways Group, Inc. *	29,824		179,839
Vail Resorts, Inc. * (a)	10,017		350,094
Visteon Corp. *	43,519		100,964
Volcom, Inc. *	5,918		102,263
Wabash National Corp.	10,535		99,556
Warnaco Group, Inc. *	14,469		655,301
Watsco, Inc.	7,392		371,670
Wendy's/Arby's Group, Inc. *	18,911		99,472
Weyco Group, Inc.	2,161		72,329
Winnebago Industries, Inc.	9,633		124,458
WMS Industries, Inc. *	14,032		428,958
Wolverine World Wide, Inc.	15,841		419,153
Wonder Auto Technology, Inc. *	5,468		35,050

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

308

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
World Fuel Services Corp.	9,197	$	211,807
Zale Corp. * (a)	11,291		282,275
Zumiez, Inc. *	6,341		104,500
			40,481,476
Consumer, Non-cyclical - 21.10%
Aaron Rents, Inc., Class B	14,477		391,892
Abaxis, Inc. *	6,962		137,151
Abiomed, Inc. *	10,052		178,423
ABM Industries, Inc.	13,932		304,275
Acadia Pharmaceuticals, Inc. *	12,101		32,431
Accelrys, Inc. *	10,936		60,039
Acco Brands Corp. *	17,483		131,822
Accuray, Inc. *	11,941		96,364
Acorda Therapeutics, Inc. *	10,486		250,091
Actrade Financial Technologies, Ltd. *	722		917
Administaff, Inc.	6,866		186,893
Adolor Corp. *	16,045		55,355
Advance America Cash Advance Centers, Inc.	14,875		44,476
Affymax, Inc. *	3,870		76,819
Affymetrix, Inc. *	22,055		170,706
AgFeed Industries, Inc. *	6,455		50,994
Air Methods Corp. *	3,480		98,519
Akorn, Inc. *	19,328		99,153
Albany Molecular Research, Inc. *	7,568		136,905
Alexion Pharmaceuticals, Inc. *	24,468		961,592
Alexza Pharmaceuticals, Inc. *	9,914		48,975
Alico, Inc.	1,456		69,058
Align Technology, Inc. *	19,973		216,308
Alkermes, Inc. *	30,491		405,530
Alliance Imaging, Inc. *	8,907		91,475
Alliance One International, Inc. *	31,887		121,171
Allos Therapeutics, Inc. *	17,542		129,986
Almost Family, Inc. *	2,359		93,298
Alnylam Pharmaceuticals, Inc. *	11,399		330,001
Alpharma, Inc., Class A *	14,040		517,936
AMAG Pharmaceuticals, Inc. *	5,501		213,054
Amedisys, Inc. *	8,416		409,607
American Greetings Corp., Class A	15,587		238,325
American Medical Systems Holdings, Inc. *	23,334		414,412
American Oriental Bioengineering, Inc. *	19,599		127,198
American Public Education, Inc. *	3,584		173,036
AMERIGROUP Corp. *	16,816		424,436
AMN Healthcare Services, Inc. *	10,875		191,074
AmSurg Corp. *	10,005		254,827
Andersons, Inc.	5,761		202,902
AngioDynamics, Inc. *	7,939		125,436
Apria Healthcare Group, Inc. *	13,881		253,189
Arbitron, Inc.	8,725		389,920
Ardea Biosciences, Inc. *	4,331		59,898
Arena Pharmaceuticals, Inc. *	24,764		123,820
Ariad Pharmaceuticals, Inc. *	25,676		63,420
Arqule, Inc. *	15,574		50,148
Array BioPharma, Inc. *	16,302		125,199
ArthroCare Corp. * (a)	8,490		235,343
Assisted Living Concepts, Inc. *	17,985		114,564
athenahealth, Inc. *	6,707		223,142

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Auxilium Pharmaceuticals, Inc. *	13,221	$	428,360
B&G Foods, Inc.	7,275		52,016
Bankrate, Inc. * (a)	4,074		158,519
Bio Reference Labs, Inc. *	3,965		114,588
Biodel, Inc. *	3,720		12,462
BioForm Medical, Inc. *	8,445		33,104
BioMimetic Therapeutics, Inc. *	4,578		50,633
Bio-Rad Laboratories, Inc., Class A *	5,963		591,053
Blyth, Inc.	8,256		93,623
Boston Beer Company, Inc. *	2,745		130,360
Bowne & Company, Inc.	9,066		104,712
Bruker BioSciences Corp. *	16,144		215,200
Cadence Pharmaceuticals, Inc. *	7,574		67,257
Cadiz, Inc. *	5,086		96,990
Calavo Growers, Inc.	4,181		52,095
Cal-Maine Foods, Inc. (a)	4,147		113,794
Cambrex Corp. *	10,265		63,130
Cantel Medical Corp. *	4,567		43,935
Capella Education Company *	4,564		195,613
Capital Senior Living Corp. *	8,247		62,677
Caraco Pharmaceutical Labs *	3,492		43,685
CardioNet, Inc. *	1,548		38,638
Catalyst Health Solutions, Inc. *	10,517		274,704
CBIZ, Inc. *	14,996		126,716
CDI Corp.	4,287		95,729
Celera Corp. *	25,423		392,785
Cell Genesys, Inc. * (a)	28,675		16,918
Centene Corp. *	13,799		283,017
Central Garden & Pet Company, Class A *	21,234		126,342
Cenveo, Inc. *	15,827		121,710
Cepheid, Inc. *	18,249		252,384
Chattem, Inc. *	5,472		427,801
Chemed Corp.	7,537		309,469
China Sky One Medical, Inc. *	2,895		35,174
Chiquita Brands International, Inc. * (a)	13,766		217,640
Clinical Data, Inc. * (a)	5,386		86,607
Coca-Cola Bottling Company Consolidated	1,646		71,864
Coinstar, Inc. *	9,004		288,128
Columbia Laboratories, Inc. *	16,774		43,948
Compass Diversified Trust	8,512		118,657
Conceptus, Inc. *	9,865		163,562
CONMED Corp. *	9,146		292,672
Consolidated Graphics, Inc. *	3,252		98,633
Corinthian Colleges, Inc. *	27,268		409,020
Cornell Corrections, Inc. *	3,848		104,589
CorVel Corp. *	2,767		79,164
CoStar Group, Inc. * (a)	6,348		288,136
Cougar Biotechnology, Inc. *	4,872		162,676
CPEX Pharmaceuticals, Inc. *	638		11,962
CRA International, Inc. *	3,651		100,329
Cross Country Healthcare, Inc. *	9,968		162,379
Cryolife, Inc. *	9,344		122,593
CSS Industries, Inc.	2,825		72,715
Cubist Pharmaceuticals, Inc. *	17,963		399,317
CV Therapeutics, Inc. *	19,869		214,585
Cyberonics, Inc. *	7,814		132,838

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

309

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Cynosure, Inc. *	3,257	$	58,431
Cypress Biosciences, Inc. *	12,371		90,927
Cytokinetics, Inc. *	13,516		64,066
Cytori Therapeutics, Inc. *	7,558		39,906
Datascope Corp.	4,225		218,137
Deluxe Corp.	16,487		237,248
Dendreon Corp. * (a)	30,695		175,268
DepoMed, Inc. *	17,458		63,722
DexCom, Inc. *	9,247		57,239
Diamond Foods, Inc.	5,431		152,231
Discovery Laboratories, Inc. *	33,620		62,869
Dollar Financial Corp. *	7,986		122,905
Dollar Thrifty Automotive Group, Inc. *	7,509		14,492
Durect Corp. *	25,099		140,554
Dyax Corp. *	19,929		87,688
DynCorp International, Inc. *	7,871		131,918
Electro Rent Corp.	7,311		98,187
Elizabeth Arden, Inc. *	8,241		161,771
Emergency Medical Services Corp., Class A *	3,130		93,524
Emergent Biosolutions, Inc. *	4,450		58,251
Emeritus Corp. *	6,575		163,718
Ennis Business Forms, Inc.	8,656		133,822
Enzo Biochem, Inc. *	10,611		116,509
Enzon Pharmaceuticals, Inc. *	15,251		112,552
Euronet Worldwide, Inc. *	15,165		253,710
EV3, Inc. * (a)	22,741		228,320
Exactech, Inc. *	2,619		58,247
Exelixis, Inc. *	34,583		210,265
Exlservice Holdings, Inc. *	4,735		41,573
Exponent, Inc. *	4,875		161,314
Farmer Brothers Company	2,067		51,406
First Advantage Corp., Class A *	3,779		53,095
Five Star Quality Care, Inc. *	11,554		43,328
Flowers Foods, Inc.	25,416		746,214
Forrester Research, Inc. *	5,110		149,825
Fossil, Inc. *	14,521		409,928
Fresh Del Monte Produce, Inc. *	13,149		291,908
Gaiam, Inc., Class A *	6,104		64,702
Gartner Group, Inc., Class A *	18,952		429,831
Genomic Health, Inc. *	4,609		104,394
Genoptix, Inc. *	2,715		88,699
Gentiva Health Services, Inc. *	8,208		221,124
Geron Corp. * (a)	26,311		103,928
Gevity HR, Inc.	8,675		63,154
Global Cash Access, Inc. *	13,338		67,490
Great Lakes Dredge & Dock Company	13,748		86,750
Green Mountain Coffee Roasters, Inc. * (a)	5,739		225,772
GTx, Inc. *	6,180		117,544
H&E Equipment Services, Inc. *	5,261		50,821
Haemonetics Corp. *	8,108		500,426
Hain Celestial Group, Inc. *	13,033		358,798
Halozyme Therapeutics, Inc. *	20,112		147,622
Hanger Orthopedic Group, Inc. *	7,658		133,632
Hansen Medical, Inc. * (a)	5,642		75,828
Healthcare Services Group, Inc.	14,310		261,730
Healthsouth Corp. * (a)	25,360		467,385

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Healthspring, Inc. *	15,624	$	330,604
Healthways, Inc. * (a)	11,215		180,898
Heartland Payment Systems, Inc. (a)	7,957		203,381
Heidrick & Struggles International, Inc.	5,547		167,242
Helen of Troy, Ltd. *	9,764		222,326
Hill International, Inc. *	7,685		106,437
HMS Holdings Corp. *	8,147		195,202
Hudson Highland Group, Inc. *	8,429		58,582
Human Genome Sciences, Inc. *	44,010		279,464
Huron Consulting Group, Inc. *	6,179		352,079
ICU Medical, Inc. *	3,749		114,007
Idenix Pharmaceuticals, Inc. *	8,950		64,709
Idera Pharmaceuticals, Inc. * (a)	6,939		97,632
I-Flow Corp. *	7,447		69,332
Immucor, Inc. *	22,356		714,498
Immunogen, Inc. *	15,870		77,922
Immunomedics, Inc. *	23,456		41,752
Imperial Sugar Company	4,379		59,292
Incyte Corp. *	21,779		166,609
Indevus Pharmaceuticals, Inc. *	29,462		98,698
Informatica Corp. *	28,397		368,877
Ingles Markets, Inc.	4,666		106,525
Inspire Pharmaceuticals, Inc. *	15,196		54,250
Insulet Corp. *	6,134		85,385
Integra LifeSciences Holdings Corp. * (a)	5,705		251,191
Interactive Data Corp.	11,529		290,761
Intermediate Parfums, Inc.	7,067		95,829
Intermune, Inc. * (a)	10,466		179,073
Invacare Corp.	10,178		245,697
IRIS International, Inc. *	6,223		111,392
Isis Pharmaceuticals, Inc. *	28,925		488,543
J & J Snack Foods Corp.	4,760		161,412
Jackson Hewitt Tax Service, Inc.	9,242		141,772
Javelin Pharmaceuticals, Inc. *	18,307		47,598
K12, Inc. *	2,091		55,412
Kelly Services, Inc., Class A	8,443		160,839
Kendle International, Inc. *	4,234		189,302
Kenexa Corp. *	7,410		117,004
Kensey Nash Corp. *	2,558		80,475
Kforce, Inc. *	10,229		104,438
Kindred Healthcare, Inc. *	8,851		244,022
Korn/Ferry International *	14,871		265,001
K-V Pharmaceutical Company, Class A *	10,204		231,733
Lance, Inc.	8,915		202,281
Landauer, Inc.	3,074		223,634
Learning Tree International, Inc. *	3,222		40,114
LECG Corp. *	8,938		72,130
Lexicon Genetics, Inc. *	29,229		52,028
LHC Group, Inc. *	4,831		137,587
Life Sciences Research, Inc. *	2,996		104,860
Ligand Pharmaceuticals, Inc., Class B *	28,070		82,807
Live Nation, Inc. *	24,335		395,930
Luminex Corp. *	11,764		294,218
M & F Worldwide Corp. *	4,205		168,200
Magellan Health Services, Inc. *	12,770		524,336
Mannatech, Inc. (a)	5,872		23,488

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

310

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Mannkind Corp. *	18,350	$	70,831
Martek Biosciences Corp. *	10,373		325,920
Masimo Corp. *	14,716		547,435
Maui Land & Pineapple, Inc. *	1,963		53,963
MAXIMUS, Inc.	5,932		218,535
McGrath Rentcorp	7,605		219,176
Medarex, Inc. *	41,035		265,496
MedCath Corp. *	5,233		93,775
Medical Action, Inc. *	5,206		68,355
Medicines Company *	16,645		386,497
Medicis Pharmaceutical Corp., Class A	17,891		266,755
Medivation, Inc. * (a)	8,466		224,010
Mentor Corp.	10,645		253,990
Meridian Bioscience, Inc.	12,817		372,206
Merit Medical Systems, Inc. *	9,097		170,751
Microvision, Inc. *	20,160		39,110
Micrus Endovascular Corp. *	5,726		79,878
Midas, Inc. *	5,225		71,896
MiddleBrook Pharmaceuticals, Inc. * (a)	13,061		19,592
Molina Healthcare, Inc. *	4,573		141,763
Momenta Pharmaceuticals, Inc. *	8,002		104,906
Monro Muffler Brake, Inc.	8,303		191,467
MPS Group, Inc. *	30,010		302,501
Multi-Color Corp.	5,405		129,125
Myriad Genetics, Inc. *	14,228		923,113
Nabi Biopharmaceuticals *	19,376		90,292
Nanosphere, Inc. *	5,125		43,716
Nash Finch Company	4,190		180,673
National Healthcare Corp.	2,752		129,674
Natus Medical, Inc. *	8,953		202,875
Navigant Consulting Company *	15,492		308,136
Nektar Therapeutics *	30,782		110,507
Neogen Corp. *	7,207		203,093
Net 1 UEPS Technologies, Inc. *	14,444		322,535
Neurocrine Biosciences, Inc. *	13,992		65,622
Nighthawk Radiology Holdings, Inc. * (a)	8,570		61,875
Novavax, Inc. *	20,935		60,712
Noven Pharmaceuticals, Inc. *	8,311		97,072
NPS Pharmaceuticals, Inc. *	18,284		130,548
NutriSystem, Inc.	9,790		173,479
Nuvasive, Inc. *	11,387		561,721
NxStage Medical, Inc. * (a)	7,904		33,355
Obagi Medical Products, Inc. *	6,356		63,433
Odyssey Healthcare, Inc. *	10,882		110,452
Odyssey Marine Exploration, Inc. *	17,014		77,244
Omega Protein Corp. *	6,205		72,971
Omrix Biopharmaceuticals, Inc. *	4,661		83,618
On Assignment, Inc. *	11,905		93,811
Onyx Pharmaceuticals, Inc. *	17,700		640,386
Optimer Pharmaceuticals, Inc. *	9,370		74,492
OraSure Technologies, Inc. *	16,309		80,240
Orexigen Therapeutics, Inc. *	7,096		76,566
Orthofix International NV *	5,517		102,782
Orthovita, Inc. *	27,735		72,111
OSI Pharmaceuticals, Inc. *	18,209		897,522
Osiris Therapeutics, Inc. *	5,094		98,263

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Pain Therapeutics, Inc. * (a)	11,708	$	114,387
Palomar Medical Technologies, Inc. *	6,381		85,888
Par Pharmaceutical Companies, Inc. *	10,992		135,092
Parexel International Corp. *	18,604		533,191
PDL BioPharma, Inc. *	39,130		364,300
Peets Coffee & Tea, Inc. *	5,063		141,359
PeopleSupport, Inc. *	7,706		90,083
PetMed Express, Inc. *	8,038		126,197
Pharmanet Development Group, Inc. *	6,243		45,074
Pharmasset, Inc. *	5,244		104,618
PharMerica Corp. *	9,797		220,335
PHH Corp. *	17,218		228,827
Pilgrim's Pride Corp.	14,388		35,826
POZEN, Inc. * (a)	8,527		89,619
Pre-Paid Legal Services, Inc. * (a)	2,644		109,092
Prestige Brands Holdings, Inc. *	10,922		96,987
PRG-Schultz International, Inc. *	5,872		52,613
Progenics Pharmaceuticals, Inc. *	8,633		114,905
Providence Service Corp. *	4,225		41,405
PSS World Medical, Inc. *	19,740		384,930
Psychiatric Solutions, Inc. *	17,653		669,931
Questcor Pharmaceuticals, Inc. *	17,649		129,720
Quidel Corp. *	9,133		149,873
RadNet, Inc. * (a)	7,862		31,527
Ralcorp Holdings, Inc. *	8,190		552,088
Regeneron Pharmaceuticals, Inc. *	19,876		433,893
RehabCare Group, Inc. *	6,048		109,469
Rent-A-Center, Inc. *	21,267		473,829
Repligen Corp. *	11,234		52,912
Res-Care, Inc. *	7,991		144,957
Resources Connection, Inc. *	14,652		330,110
Rigel Pharmaceuticals, Inc. *	11,723		273,732
Rollins, Inc.	13,582		257,786
RSC Holdings, Inc. *	15,261		173,365
RTI Biologics, Inc. *	17,639		164,925
Ruddick Corp.	13,524		438,854
Russ Berrie & Company, Inc. *	6,369		48,850
Salix Pharmaceuticals, Ltd. *	15,816		101,381
Sanderson Farms, Inc. (a)	6,502		238,883
Sangamo Biosciences, Inc. *	12,013		92,500
Savient Pharmaceuticals, Inc. *	17,299		257,928
Sciele Pharma, Inc. *	11,120		342,385
Seaboard Corp.	106		133,242
Seattle Genetics, Inc. *	19,797		211,828
Sequenom, Inc. *	14,862		395,626
Sirona Dental Systems, Inc. * (a)	5,386		125,386
Skilled Healthcare Group, Inc. *	6,049		96,119
Smart Balance, Inc. *	21,025		137,924
Somanetics Corp. *	4,393		96,075
SonoSite, Inc. *	5,492		172,449
Sotheby's	21,441		430,106
Spartan Motors, Inc.	16,168		51,414
Spartan Stores, Inc.	7,172		178,439
Spectranetics Corp. *	10,556		48,874
Spectrum Brands, Inc. * (a)	15,052		20,922
Spherion Corp. *	18,466		89,929

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

311

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Standard Parking Corp. *	5,943	$	132,053
Steiner Leisure, Ltd. *	5,242		180,220
Stereotaxis, Inc. *	9,805		59,320
STERIS Corp.	18,470		694,103
Stewart Enterprises, Inc., Class A	26,768		210,396
Sucampo Pharmaceuticals, Inc. *	3,322		28,337
SuccessFactors, Inc. *	7,893		86,034
Sun Healthcare Group, Inc. *	13,842		202,924
Sunrise Senior Living, Inc. *	14,235		196,301
SurModics, Inc. * (a)	4,955		156,033
Symmetry Medical, Inc. *	11,481		213,087
Synovis Life Technologies, Inc. *	4,387		82,563
Synta Pharmaceuticals Corp. * (a)	7,064		53,828
Synutra International, Inc. *	1,293		26,028
Team, Inc. *	6,093		220,079
Tejon Ranch Company *	3,722		138,272
TeleTech Holdings, Inc. *	12,495		155,438
Tercica, Inc. *	6,454		57,699
Tetra Tech, Inc. *	18,816		452,713
The Advisory Board Company *	5,655		170,555
The Geo Group, Inc. *	16,273		328,877
The Great Atlantic & Pacific Tea Company,
Inc. * (a)	11,485		124,268
The Hackett Group, Inc. *	14,546		79,130
The Standard Register Company	5,485		54,027
Theravance, Inc. *	16,910		210,699
Thoratec Corp. *	17,522		459,953
TNS, Inc. *	7,966		154,301
TomoTherapy, Inc. *	14,035		64,280
Tootsie Roll Industries, Inc. (a)	7,927		229,170
Trans1, Inc. * (a)	4,367		43,190
TreeHouse Foods, Inc. *	10,015		297,446
Triple-S Management Corp. *	5,231		85,213
TrueBlue, Inc. *	14,148		228,632
Tupperware Brands Corp.	19,734		545,250
United Natural Foods, Inc. *	13,818		345,312
United Therapeutics Corp. *	7,079		744,498
Universal Corp.	8,585		421,438
Universal Technical Institute, Inc. *	7,128		121,604
US Physical Therapy, Inc. *	4,659		80,880
USANA Health Sciences, Inc. *	2,269		93,006
Valassis Communications, Inc. *	15,460		133,884
Valeant Pharmaceuticals International *	22,286		456,194
Vector Group, Ltd.	11,790		208,211
Viad Corp.	6,679		192,288
ViroPharma, Inc. *	22,326		292,917
Virtual Radiologic Corp *	2,779		22,677
VistaPrint, Ltd. * (a)	14,143		464,456
Vital Images, Inc. * (a)	6,201		93,015
Vital Signs, Inc.	2,577		190,440
Vivus, Inc. *	20,145		159,951
VNUS Medical Technologies *	4,577		95,797
Volcano Corp. *	15,260		263,845
Volt Information Sciences, Inc. *	4,320		38,794
Watson Wyatt Worldwide, Inc., Class A	13,541		673,394
WD-40 Company	5,694		204,585

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Weis Markets, Inc.	3,850	$	138,639
West Pharmaceutical Services, Inc.	10,218		498,843
Winn-Dixie Stores, Inc. *	17,498		243,222
Wright Express Corp. *	12,427		370,946
Wright Medical Group, Inc. *	11,905		362,388
XenoPort, Inc. *	8,055		390,587
XOMA, Ltd. *	45,775		96,127
Zhongpin, Inc. *	6,356		67,564
Zoll Medical Corp. *	6,677		218,471
Zymogenetics, Inc. *	12,677		84,429
			73,513,822
Energy - 5.31%
Abraxas Petroleum Corp. *	14,492		37,824
Akeena Solar, Inc. *	7,421		28,126
Allis-Chalmers Energy, Inc. *	8,945		113,154
Alon USA Energy, Inc.	3,563		48,029
American Oil & Gas, Inc. * (a)	13,313		34,747
Approach Resources, Inc. *	2,992		43,264
Arena Resources, Inc. *	11,519		447,513
Ascent Solar Technologies, Inc. * (a)	2,680		16,294
Atlas America, Inc.	11,432		389,946
ATP Oil & Gas Corp. * (a)	8,885		158,242
Aventine Renewable Energy Holdings, Inc. *	10,063		31,799
Basic Energy Services, Inc. *	13,214		281,458
Berry Petroleum Company, Class A	13,521		523,668
Bill Barrett Corp. *	11,565		371,352
BMB Munai, Inc. * (a)	13,267		55,058
Bolt Technology Corp. *	4,565		66,056
BPZ Energy, Inc. *	19,157		329,500
Brigham Exploration Company *	14,793		162,575
Bronco Drilling Company, Inc. *	8,730		89,221
Cal Dive International, Inc. *	14,043		148,856
Callon Petroleum Company *	6,734		121,414
Cano Petroleum, Inc. *	12,752		29,457
Carbo Ceramics, Inc.	6,550		338,045
Carrizo Oil & Gas, Inc. *	8,668		314,388
Cheniere Energy, Inc. * (a)	16,534		37,201
Clayton Williams Energy, Inc. *	1,737		122,511
Clean Energy Fuels Corp. *	7,332		103,748
Complete Production Services, Inc. *	15,270		307,385
Comstock Resources, Inc. *	14,452		723,323
Comverge, Inc. *	7,270		33,442
Concho Resources, Inc. *	15,787		435,879
Contango Oil & Gas Company *	4,213		227,418
Crosstex Energy, Inc.	12,945		323,237
CVR Energy, Inc. *	7,360		62,707
Dawson Geophysical Company *	2,527		117,986
Delta Petroleum Corp. *	19,896		270,188
Double Eagle Petroleum & Mining Company *	3,721		53,136
Dril-Quip, Inc. *	9,797		425,092
Endeavour International Corp. *	41,891		55,296
Energy Partners, Ltd. *	10,410		90,255
Energy XXI Bermuda, Ltd.	22,451		68,251
Evergreen Energy, Inc. *	30,979		29,120
Evergreen Solar, Inc. *	33,854		186,874
EXCO Resources, Inc. *	23,713		386,996

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

312

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Flotek Industries, Inc. *	7,500	$	82,500
Fuelcell Energy, Inc. *	22,509		135,729
FX Energy, Inc. *	14,228		105,856
Gasco Energy, Inc. *	31,186		56,759
GeoGlobal Resources, Inc. * (a)	13,505		34,033
GeoMet, Inc. *	6,942		37,764
Georesources, Inc. *	1,889		21,648
GMX Resources, Inc. *	4,688		224,086
Goodrich Petroleum Corp. *	6,426		280,109
Gran Tierra Energy, Inc. *	30,626		113,622
Grey Wolf, Inc. *	56,798		441,888
Gulf Islands Fabrication, Inc.	3,962		136,570
Gulfport Energy Corp. *	8,423		84,651
Harvest Natural Resources, Inc. *	11,453		115,904
Headwaters, Inc. *	13,475		179,891
Hornbeck Offshore Services, Inc. *	7,326		282,930
Houston American Energy Corp.	5,478		34,621
International Coal Group, Inc. *	40,870		255,029
ION Geophysical Corp. *	27,007		383,229
James River Coal Company *	8,135		178,889
Lufkin Industries, Inc.	4,734		375,643
Matrix Service Company *	8,425		160,918
McMoran Exploration Company *	16,142		381,597
Meridian Resource Corp. *	27,125		49,910
Mitcham Industries, Inc. *	3,600		36,324
NATCO Group, Inc. *	6,399		257,112
National Coal Corp. *	8,925		46,678
Natural Gas Services Group, Inc. *	4,072		71,138
Newpark Resources, Inc. *	28,990		211,627
Northern Oil And Gas, Inc. *	6,588		53,560
Oilsands Quest, Inc. * (a)	52,993		158,449
Pacific Ethanol, Inc. * (a)	16,386		22,777
Panhandle Oil and Gas, Inc.	2,634		75,411
Parallel Petroleum Corp. *	13,247		124,787
Parker Drilling Company *	35,997		288,696
Penn Virginia Corp.	13,197		705,248
Petroleum Development Corp. *	4,779		212,044
Petroquest Energy, Inc. *	13,803		211,876
Pioneer Drilling Company *	15,887		211,297
Plug Power, Inc. *	29,583		29,287
Quantum Fuel Systems Technologies
Worldwide, Inc. *	23,987		30,943
Quest Resource Corp. *	7,235		19,245
RAM Energy Resources, Inc. *	13,404		38,738
Rex Energy Corp. *	5,418		85,388
Rosetta Resources, Inc. *	16,332		299,856
RPC, Inc.	9,305		130,828
Smith International, Inc.	6,074		356,179
Stone Energy Corp. *	9,929		420,295
SulphCo, Inc. * (a)	17,981		36,142
Superior Well Services, Inc. *	5,400		136,674
Swift Energy Company *	9,529		368,677
T-3 Energy Services, Inc. *	4,013		148,963
Toreador Resources Corp. * (a)	6,451		57,994
Trico Marine Services, Inc. *	4,080		69,686
Tri-Valley Corp. * (a)	8,741		55,418

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
TXCO Resources, Inc. *	11,567	$	116,133
Union Drilling, Inc. *	4,758		50,387
VAALCO Energy, Inc. *	19,028		130,152
Venoco, Inc. *	6,558		85,254
VeraSun Energy Corp. * (a)	32,962		103,171
Warren Resources, Inc. *	18,758		187,205
Western Refining, Inc.	9,471		95,752
Westmoreland Coal Company *	3,706		58,555
Willbros Group, Inc. *	12,397		328,521
			18,520,274
Financial - 19.99%
1st Source Corp.	5,525		129,837
Abington Bancorp, Inc.	9,967		100,866
Acadia Realty Trust, REIT	10,447		264,100
Advanta Corp., Class B	12,882		106,019
Agree Realty Corp., REIT	3,664		104,790
Alexander's, Inc., REIT *	658		263,200
Ambac Financial Group, Inc.	92,711		216,017
American Campus Communities, Inc., REIT	12,854		435,494
American Equity Investment Life Holding
Company	17,986		134,895
American Physicians Capital, Inc.	2,978		126,059
American Safety Insurance Holdings, Ltd. *	4,628		69,929
Ameris Bancorp	6,885		102,242
Amerisafe, Inc. *	6,858		124,816
Amtrust Financial Services, Inc.	5,415		73,590
Anthracite Capital, Inc., REIT (a)	17,472		93,650
Anworth Mortgage Asset Corp., REIT	26,287		155,619
Apollo Investment Corp.	45,285		772,109
Ares Capital Corp.	30,926		322,558
Argo Group International Holdings, Ltd. *	8,782		323,617
Ashford Hospitality Trust, Inc., REIT	38,751		156,942
Aspen Insurance Holdings, Ltd.	26,885		739,337
Asset Acceptance Capital Corp. *	5,334		56,220
Associated Estates Realty Corp., REIT	6,487		84,526
Assured Guaranty, Ltd.	17,792		289,298
Avatar Holdings, Inc. * (a)	2,144		70,752
Baldwin & Lyons, Inc., Class B	4,012		96,168
BancFirst Corp.	2,883		139,335
Banco Latinoamericano de
Exportaciones, S.A.	9,190		132,520
Bank Mutual Corp.	16,983		192,757
Bank of the Ozarks, Inc.	4,883		131,841
BankFinancial Corp.	7,737		113,579
Beneficial Mutual Bancorp, Inc. *	11,626		147,069
Berkshire Hill Bancorp, Inc.	4,219		135,008
BioMed Realty Trust, Inc., REIT	22,748		601,685
Boston Private Financial Holdings, Inc.	13,565		118,558
Brookline Bancorp, Inc.	20,186		258,179
Calamos Asset Management, Inc.	6,844		122,644
Capital City Bank Group, Inc.	4,933		154,650
Capital Lease Funding, Inc., REIT	16,349		129,648
Capital Southwest Corp.	1,070		151,993
Capital Trust, Inc., Class A, REIT (a)	5,283		81,886
Capitol Bancorp, Ltd. (a)	6,265		122,105
Capstead Mortage Corp., REIT	16,918		185,252

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

313

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Cascade Bancorp (a)	8,717	$	77,494
Cass Information Systems, Inc.	2,000		71,700
Castlepoint Holdings, Ltd.	11,831		131,679
Cathay General Bancorp, Inc.	16,333		388,725
Cedar Shopping Centers, Inc., REIT	13,143		173,750
Central Pacific Financial Corp.	9,978		167,730
Chemical Financial Corp. (a)	8,405		261,732
Chimera Investment Corp.	10,879		67,559
Citizens Banking Corp.	25,574		78,768
Citizens, Inc., Class A * (a)	13,573		111,570
City Bank (a)	5,522		86,143
City Holding Company	5,573		235,459
CNA Surety Corp. *	5,733		95,741
CoBiz, Inc.	8,391		100,776
Cogdell Spencer, Inc., REIT	4,729		75,853
Cohen & Steers, Inc.	5,543		157,033
Colonial Bancgroup, Inc.	64,459		506,648
Colonial Properties Trust, REIT	14,922		278,892
Columbia Banking System, Inc.	6,430		114,004
Community Bank Systems, Inc.	9,952		250,293
Community Trust Bancorp, Inc.	5,698		196,011
Compucredit Corp. * (a)	5,981		23,446
Consolidated Tomoka Land Company	1,657		71,566
Corporate Office Properties Trust, REIT	12,334		497,677
Corus Bankshares, Inc. (a)	13,522		54,764
Cousins Properties, Inc., REIT (a)	14,938		376,886
Credit Acceptance Corp. *	2,008		34,136
CVB Financial Corp.	22,319		310,234
Danvers Bancorp, Inc.	7,294		92,998
Darwin Professional Underwriters, Inc. *	2,853		88,757
DCT Industrial Trust, Inc., REIT	54,896		411,171
Delphi Financial Group, Inc.	13,330		373,773
Diamond Hill Investment Group, Inc. *	832		74,813
DiamondRock Hospitality Company, REIT	30,099		273,901
Dime Community Bancorp, Inc.	8,257		125,672
Donegal Group, Inc.	4,969		90,088
Duff & Phelps Corp. *	3,762		79,115
DuPont Fabros Technology, Inc., REIT	3,876		59,109
East West Bancorp, Inc. (a)	21,013		287,878
EastGroup Properties, Inc., REIT	8,041		390,310
Education Realty Trust, Inc., REIT	10,542		116,805
eHealth, Inc. *	8,403		134,448
Employers Holdings, Inc.	16,303		283,346
Encore Capital Group, Inc. *	5,201		71,254
Enstar Group, Ltd. *	1,697		165,220
Enterprise Financial Services Corp. (a)	3,118		70,342
Entertainment Properties Trust, REIT	9,613		526,023
Equity Lifestyle Properties, Inc., REIT	6,662		353,286
Equity One, Inc., REIT	10,082		206,580
ESSA Bancorp, Inc.	7,706		107,113
Evercore Partners, Inc.	4,024		72,352
Extra Space Storage, Inc., REIT	25,453		390,958
EZCORP, Inc., Class A *	12,540		235,752
F.N.B. Corp.	28,380		453,512
FBL Financial Group, Inc., Class A	4,474		124,780
FBR Capital Markets Corp. *	10,216		66,200

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
FCStone Group, Inc. *	7,489	$	134,727
Federal Agricultural Mortgage Corp., Class C	3,351		13,739
FelCor Lodging Trust, Inc., REIT	20,420		146,207
Financial Federal Corp.	8,236		188,769
First BanCorp (PR) (a)	23,404		258,848
First Bancorp	6,118		104,618
First Busey Corp.	9,177		168,214
First Commonwealth Financial Corp. (a)	24,753		333,423
First Community Bancshares, Inc.	3,655		137,136
First Financial BanCorp	13,671		199,597
First Financial Bankshares, Inc.	7,149		370,890
First Financial Corp.	4,204		197,504
First Financial Holdings, Inc.	4,792		125,455
First Financial Northwest, Inc.	9,436		97,380
First Industrial Realty Trust, Inc., REIT	13,830		396,644
First Merchants Corp.	6,720		153,216
First Mercury Financial Corp. *	5,175		73,744
First Midwest BanCorp, Inc.	16,138		391,185
First Niagara Financial Group, Inc.	35,266		555,439
First Place Financial Corp.	7,263		93,330
First Potomac Realty Trust, REIT	8,515		146,373
First South Bancorp, Inc. (a)	2,648		45,731
FirstFed Financial Corp. * (a)	5,548		43,496
FirstMerit Corp.	26,433		555,093
Flagstar Bancorp, Inc. (a)	16,224		48,348
Flagstone Reinsurance Holdings, Ltd.	9,722		99,845
Flushing Financial Corp.	7,559		132,282
Forestar Real Estate Group, Inc. *	11,565		170,584
FPIC Insurance Group, Inc. *	3,074		157,973
Franklin Street Properties Corp., REIT	18,988		246,844
Fremont General Corp. *	21,135		2,113
Friedman, Billings, Ramsey Group, Inc. *	49,351		98,702
Frontier Financial Corp. (a)	16,170		217,163
GAMCO Investors, Inc.	2,537		150,444
Getty Realty Corp., REIT	5,910		131,025
GFI Group, Inc.	21,975		103,502
Glacier Bancorp, Inc.	18,048		447,049
Gladstone Capital Corp. (a)	7,661		116,754
Gladstone Investment Corp.	9,641		66,330
Glimcher Realty Trust, REIT	12,806		133,695
Gramercy Capital Corp., REIT	13,011		33,698
Greene County Bancshares, Inc.	5,026		118,161
Greenhill & Company, Inc. (a)	5,568		410,640
Greenlight Capital Re, Ltd. *	10,030		230,590
Grubb & Ellis Company	11,734		31,682
Guaranty Bancorp *	21,910		133,651
Guaranty Financial Group, Inc. * (a)	12,427		49,087
Hancock Holding Company	8,594		438,294
Hanmi Financial Corp.	15,181		76,664
Harleysville Group, Inc.	4,543		171,725
Harleysville National Corp.	11,652		197,851
Harris & Harris Group, Inc. *	9,289		59,264
Hatteras Financial Corp., REIT	3,832		88,902
Healthcare Realty Trust, Inc., REIT	16,150		470,772
Heartland Financial USA, Inc. (a)	3,884		97,333
Hercules Technology Growth Capital, Inc.	11,518		111,725

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

314

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Hersha Hospitality Trust, REIT	14,743	$	109,688
Highwoods Properties, Inc., REIT	18,164		645,912
Hilb, Rogal and Hamilton Company	11,694		546,578
Hilltop Holdings, Inc. *	15,303		157,927
Home Bancshares, Inc. (a)	5,317		137,551
Home Properties, Inc., REIT	9,977		578,167
Horace Mann Educators Corp.	13,455		173,166
IBERIABANK Corp.	4,417		233,438
Independent Bank Corp.	6,134		191,197
Infinity Property & Casualty Corp.	5,402		222,562
Inland Real Estate Corp., REIT	18,517		290,532
Integra Bank Corp.	8,742		69,761
Interactive Brokers Group, Inc. *	12,989		287,966
International Assets Holding Corp. *	1,676		40,408
International Bancshares Corp.	16,776		452,952
Investors Bancorp, Inc. *	14,995		225,675
Investors Real Estate Trust, SBI, REIT	19,853		222,155
IPC Holdings, Ltd.	17,009		513,842
Jer Investors Trust, Inc., REIT (a)	8,789		42,363
Kansas City Life Insurance Company	1,789		82,294
Kayne Anderson Energy Development Fund *	3,984		67,449
KBW, Inc. * (a)	8,530		280,978
Kearny Financial Corp.	7,206		88,201
Kite Realty Group Trust, REIT	7,386		81,246
Knight Capital Group, Inc. *	30,116		447,524
Kohlberg Capital Corp.	6,228		53,499
LaBranche & Company, Inc. *	17,197		77,386
Ladenburg Thalmann Financial Services, Inc. *	29,680		53,424
Lakeland Bancorp, Inc.	8,173		95,542
Lakeland Financial Corp.	5,234		114,939
LandAmerica Financial Group, Inc.	5,162		125,178
LaSalle Hotel Properties, REIT	12,750		297,330
Lexington Corporate Property Trust, REIT	15,975		275,090
Life Partners Holdings, Inc.	2,573		92,551
LTC Properties, Inc., REIT	7,496		219,783
Maguire Properties, Inc., REIT (a)	12,660		75,454
MainSource Financial Group, Inc.	7,046		138,102
MarketAxess Holdings, Inc. *	11,059		89,246
Max Re Capital, Ltd.	18,006		418,279
MB Financial, Inc.	11,752		388,639
MCG Capital Corp.	24,637		64,549
Meadowbrook Insurance Group, Inc.	28,131		198,605
Medallion Financial Corp.	6,497		68,024
Medical Properties Trust, Inc., REIT (a)	20,891		237,113
MFA Mortgage Investments, Inc., REIT	48,050		312,325
Mid-America Apartment Communities, Inc.,
REIT	8,375		411,548
Midwest Banc Holdings, Inc.	9,704		38,816
Mission West Properties, Inc., REIT	6,137		59,774
Montpelier Re Holdings, Ltd.	29,628		489,158
MVC Capital, Inc.	8,377		127,749
Nara Bancorp, Inc.	8,682		97,238
NASB Financial, Inc.	1,266		41,132
National Financial Partners Corp. (a)	12,658		189,870
National Health Investments, Inc., REIT	7,321		250,232
National Penn Bancshares, Inc. (a)	26,967		393,718

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
National Retail Properties, Inc., REIT	22,838	$	546,970
National Western Life Insurance Company,
Class A	564		136,527
Navigators Group, Inc. *	4,422		256,476
NBT Bancorp, Inc.	10,788		322,777
Nelnet, Inc., Class A	6,127		87,003
NewAlliance Bancshares, Inc.	35,041		526,666
Newcastle Investment Corp., REIT (a)	17,594		111,722
NewStar Financial, Inc. *	8,948		72,389
NGP Capital Resources Company (a)	7,954		115,890
Northfield Bancorp, Inc. *	7,481		90,595
NorthStar Realty Finance Corp., REIT (a)	17,788		137,857
Northwest Bancorp, Inc. (a)	6,047		166,534
OceanFirst Financial Corp.	4,164		75,452
Ocwen Financial Corp. *	12,133		97,671
Odyssey Re Holdings Corp.	7,677		336,253
Old National Bancorp (a)	21,707		434,574
Old Second Bancorp, Inc. (a)	5,768		106,823
Omega Healthcare Investors, REIT	22,188		436,216
optionsXpress Holdings, Inc.	13,700		266,054
Oriental Financial Group, Inc.	8,151		145,577
Oritani Financial Corp. *	4,788		80,678
Pacific Capital Bancorp	15,434		314,082
PacWest Bancorp	8,376		239,470
Park National Corp.	3,789		295,542
Parkway Properties, Inc., REIT	5,145		194,790
Patriot Capital Funding, Inc.	9,234		58,821
PennantPark Investment Corp.	8,508		63,044
Pennsylvania Real Estate
Investment Trust, REIT	11,368		214,287
Penson Worldwide, Inc. *	5,760		79,891
Peoples Bancorp, Inc.	4,590		99,924
Phoenix Companies, Inc.	36,814		340,161
Pinnacle Financial Partners, Inc. *	7,688		236,790
Piper Jaffray Companies, Inc. *	6,098		263,739
Platinum Underwriters Holdings, Ltd.	15,353		544,724
PMA Capital Corp., Class A *	11,619		102,480
PMI Group, Inc.	28,040		82,718
Portfolio Recovery Associates, Inc. * (a)	4,948		240,621
Post Properties, Inc., REIT	13,925		389,482
PremierWest Bancorp (a)	9,079		73,268
Presidential Life Corp.	7,781		122,862
PrivateBancorp, Inc. (a)	6,446		268,540
ProAssurance Corp. *	10,353		579,768
Prospect Capital Corp.	8,858		113,471
Prosperity Bancshares, Inc.	12,895		438,301
Provident Bankshares Corp.	11,987		116,394
Provident Financial Services, Inc.	19,426		320,723
Provident New York Bancorp	14,499		191,677
PS Business Parks, Inc., REIT	4,934		284,198
Quanta Capital Holdings, Ltd. *	26,627		73,491
Radian Group, Inc.	28,348		142,874
RAIT Financial Trust, REIT (a)	20,329		111,606
Ramco-Gershenson Properties Trust, REIT	5,493		123,153
Realty Income Corp., REIT	31,994		819,046
Redwood Trust, Inc., REIT (a)	10,657		231,577
Renasant Corp.	7,528		163,433

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

315

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Republic Bancorp, Inc., Class A	3,503	$	106,211
Resource Capital Corp., REIT	7,739		46,898
Riskmetrics Group, Inc. *	6,972		136,442
RLI Corp.	6,122		380,115
S & T Bancorp, Inc.	8,041		296,150
S.Y. Bancorp, Inc.	5,558		170,186
Safety Insurance Group, Inc.	5,436		206,187
Sanders Morris Harris Group, Inc.	8,522		73,715
Sandy Spring Bancorp, Inc.	6,823		150,788
Saul Centers, Inc., REIT	3,270		165,266
SCBT Financial Corp.	2,738		102,949
SeaBright Insurance Holdings, Inc. *	7,787		101,231
Seacoast Banking Corp. of Florida (a)	6,861		73,619
Selective Insurance Group, Inc.	17,405		398,923
Senior Housing Properties Trust, REIT	29,914		712,851
Signature Bank *	10,025		349,672
Simmons First National Corp., Class A	5,098		181,489
Southside Bancshares, Inc.	5,168		130,234
Southwest Bancorp, Inc.	6,535		115,473
Sovran Self Storage, Inc., REIT	7,056		315,333
State Auto Financial Corp.	5,055		146,949
Sterling Bancorp	7,333		106,035
Sterling Bancshares, Inc.	24,438		255,377
Sterling Financial Corp.	17,503		253,794
Stewart Information Services Corp.	5,922		176,180
Stifel Financial Corp. *	7,812		389,819
Strategic Hotel & Resorts, Inc., REIT	24,004		181,230
Stratus Properties, Inc. *	1,466		40,344
Suffolk Bancorp	3,997		157,522
Sun Bancorp, Inc. of New Jersey *	7,159		97,004
Sun Communities, Inc., REIT	6,404		126,863
Sunstone Hotel Investors, Inc., REIT	18,711		252,599
Susquehanna Bancshares, Inc.	27,931		545,213
SVB Financial Group *	9,732		563,677
SWS Group, Inc.	7,965		160,574
Tanger Factory Outlet Centers, Inc., REIT	10,114		442,892
Texas Capital Bancshares, Inc. *	8,426		174,924
The First Marblehead Corp. (a)	22,403		55,783
The South Financial Group, Inc.	26,080		191,166
Thomas Properties Group, Inc.	8,802		88,900
Thomas Weisel Partners Group, Inc. *	8,037		67,752
Tompkins Trustco, Inc.	2,249		113,575
Tower Group, Inc.	6,796		160,114
Tradestation Group, Inc. *	10,772		100,718
Trico Bancshares	6,325		136,177
TrustCo Bank Corp., NY (a)	26,503		310,350
Trustmark Corp.	16,332		338,726
U.S. Global Investors, Inc.	4,505		45,275
UCBH Holdings, Inc.	36,361		233,074
UMB Financial Corp.	10,117		531,345
Umpqua Holdings Corp. (a)	19,945		293,391
Union Bankshares Corp.	4,104		98,496
United America Indemnity, Ltd. *	7,086		100,834
United Bankshares, Inc.	12,611		441,385
United Community Banks, Inc. (a)	13,534		179,465
United Community Financial Corp.	10,771		53,855

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
United Financial Bancorp, Inc.	7,668	$	113,870
United Fire & Casualty Company	7,567		216,341
United Security Bancshares	2,660		43,518
Universal American Financial Corp. *	12,772		155,691
Universal Health Realty Income Trust, REIT	4,239		164,897
Univest Corp. of Pennsylvania	3,961		146,557
Urstadt Biddle Properties, Inc., REIT	7,764		145,575
U-Store-It Trust, REIT	16,327		200,332
Validus Holdings, Ltd.	20,314		472,300
Washington Real Estate Investment Trust	15,672		574,065
Washington Trust Bancorp, Inc.	3,338		88,791
WesBanco, Inc.	9,065		241,310
West Coast Bancorp	6,675		97,856
WestAmerica Bancorp	9,535		548,549
Western Alliance Bancorp *	6,527		100,907
Westfield Financial, Inc.	12,741		131,232
Wilshire Bancorp, Inc.	7,733		94,111
Winthrop Realty Trust, REIT	20,013		78,051
Wintrust Financial Corp.	8,201		240,699
World Acceptance Corp. *	5,284		190,224
WSFS Financial Corp.	2,517		151,020
Zenith National Insurance Corp.	11,853		434,294
			69,651,410
Industrial - 13.97%
A. M. Castle & Company	5,326		92,033
A.O. Smith Corp.	6,284		246,270
Aaon, Inc.	6,909		125,675
AAR Corp. *	12,373		205,268
Actuant Corp., Class A	18,372		463,709
Acuity Brands, Inc.	13,306		555,659
Advanced Battery Technologies, Inc. * (a)	14,764		47,688
Advanced Energy Industries, Inc. *	10,716		146,595
Aerovironment, Inc. *	3,524		112,592
Aircastle, Ltd.	14,538		144,072
Alamo Group, Inc.	2,521		42,983
Albany International Corp., Class A	9,603		262,450
Altra Holdings, Inc. *	8,864		130,833
AMERCO, Inc. * (a)	3,020		126,629
American Commercial Lines, Inc. *	11,652		123,977
American Ecology Corp.	5,395		149,280
American Railcar Industries, Inc. (a)	3,088		49,532
American Science & Engineering, Inc.	2,956		176,562
American Superconductor Corp. * (a)	13,481		317,747
Ameron International Corp.	2,933		210,149
Ampco-Pittsburgh Corp.	2,736		70,862
Analogic Corp.	4,307		214,316
Apogee Enterprises, Inc.	9,295		139,704
Applied Industrial Technologies, Inc.	13,500		363,555
Argon ST, Inc. *	4,374		102,745
Arkansas Best Corp.	7,179		241,861
Arlington Tankers, Ltd.	4,535		69,748
Astec Industries, Inc. *	5,793		178,598
Atlas Air Worldwide Holdings, Inc. *	4,226		170,350
Axsys Technologies, Inc. *	2,839		167,331
AZZ, Inc. *	3,954		163,577
Badger Meter, Inc.	4,711		221,181

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

316

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Baldor Electric Company	14,663	$	422,441
Barnes Group, Inc.	15,170		306,737
Beacon Power Corp. *	30,919		44,833
Bel Fuse, Inc., Class B	4,210		119,859
Belden, Inc.	13,867		440,832
Benchmark Electronics, Inc. *	21,107		297,187
Blount International, Inc. *	12,601		140,249
Briggs & Stratton Corp.	15,857		256,566
Bristow Group, Inc. *	6,274		212,312
CAI International, Inc. *	2,647		29,276
Calgon Carbon Corp. *	13,200		268,752
Capstone Turbine Corp. *	47,093		60,750
Cascade Corp.	2,927		128,232
Casella Waste Systems, Inc., Class A *	8,046		94,460
Celadon Group, Inc. *	7,954		91,232
Ceradyne, Inc. *	8,388		307,504
Chart Industries, Inc. *	9,086		259,496
Checkpoint Systems, Inc. *	12,659		238,242
China Architectural Engineering, Inc. *	6,196		43,930
China BAK Battery, Inc. * (a)	10,799		38,876
China Fire & Security Group, Inc. *	4,704		49,439
China Security & Surveillance Technology, Inc. *	8,524		118,313
(a)
Circor International, Inc.	5,368		233,132
Clarcor, Inc.	16,088		610,540
Clean Harbors, Inc. *	6,311		426,308
Cognex Corp.	13,421		270,567
Coherent, Inc. *	7,661		272,349
Colfax Corp. *	6,998		116,937
Columbus McKinnon Corp. *	6,167		145,356
Comfort Systems USA, Inc.	13,114		175,203
CTS Corp.	11,278		144,133
Cubic Corp.	5,086		125,065
Curtiss-Wright Corp.	14,186		644,754
Cymer, Inc. *	9,652		244,485
Daktronics, Inc. (a)	10,615		176,846
Darling International, Inc. *	26,032		289,216
DHT Maritime, Inc.	12,816		86,124
Dionex Corp. *	5,862		372,530
Drew Industries, Inc. *	6,456		110,462
Ducommun, Inc.	3,603		86,040
DXP Enterprises, Inc. *	1,279		68,183
Dycom Industries, Inc. *	12,934		168,401
Dynamex, Inc. *	3,460		98,472
Dynamic Materials Corp.	4,052		94,047
Eagle Bulk Shipping, Inc.	14,754		205,671
Eagle Test Systems, Inc. *	5,124		78,448
Electro Scientific Industries, Inc. *	9,114		129,601
EMCOR Group, Inc. *	22,270		586,146
Encore Wire Corp. (a)	5,907		106,976
Energy Conversion Devices, Inc. *	12,959		754,862
EnergySolutions, Inc.	10,581		105,810
Enersys *	8,749		172,443
ENGlobal Corp. * (a)	9,066		120,306
EnPro Industries, Inc. *	6,467		240,314
ESCO Technologies, Inc. *	8,248		397,306

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Esterline Technologies Corp. *	9,276	$	367,237
FARO Technologies, Inc. *	5,417		110,344
Federal Signal Corp.	15,463		211,843
FEI Company *	11,828		281,625
Flanders Corp. * (a)	7,225		45,517
Flow International Corp. *	12,659		64,308
Forward Air Corp.	9,245		251,741
Franklin Electric, Inc. (a)	7,392		329,314
Freightcar America, Inc.	3,833		112,192
Fuel Tech, Inc. * (a)	5,805		105,012
Fushi Copperweld, Inc. *	4,695		45,495
Gehl Company *	3,919		115,336
Genco Shipping & Trading, Ltd.	6,990		232,348
GenCorp, Inc. *	19,199		129,401
General Maritime Corp. (a)	8,335		162,366
Genesee & Wyoming, Inc., Class A *	9,678		363,119
GenTek, Inc. *	3,178		81,706
Gerber Scientific, Inc. *	8,527		77,937
Golar LNG, Ltd. (a)	11,302		150,091
Gorman-Rupp Company	5,811		219,191
GrafTech International, Ltd. *	32,994		498,539
Graham Corp.	2,020		109,282
Granite Construction, Inc.	10,525		377,005
Graphic Packaging Holding Company *	49,203		123,007
Greatbatch, Inc. *	7,396		181,498
Greenbrier Company, Inc. (a)	5,334		104,066
Griffon Corp. *	9,325		84,111
GulfMark Offshore, Inc. *	6,544		293,695
Haynes International, Inc. *	3,825		179,125
Heartland Express, Inc.	17,757		275,589
HEICO Corp.	7,131		234,039
Herley Industries, Inc. *	4,975		85,072
Hexcel Corp. *	30,627		419,284
Horizon Lines, Inc.	9,961		98,315
Hub Group, Inc., Class A *	11,805		444,458
Hurco Companies, Inc. *	2,168		64,108
II-VI, Inc. *	7,825		302,515
Insituform Technologies, Inc., Class A *	9,146		136,824
Insteel Industries, Inc.	5,871		79,787
Integrated Electrical Services, Inc. *	2,817		49,467
Interline Brands, Inc. *	10,473		169,767
Intermec, Inc. *	19,682		386,554
International Shipholding Corp. *	2,416		52,910
Intevac, Inc. *	7,360		78,310
iRobot Corp. * (a)	6,275		92,995
Kadant, Inc. *	4,752		108,203
Kaman Corp., Class A	8,186		233,137
Kaydon Corp.	8,782		395,717
Kemet Corp. *	27,917		37,967
Key Technology, Inc. *	2,264		53,657
Knight Transportation, Inc.	18,065		306,563
Knightsbridge Tankers, Ltd.	5,468		144,738
Koppers Holdings, Inc.	6,706		250,871
K-Tron International, Inc. *	893		115,045
L.B. Foster Company *	3,634		110,546
L-1 Identity Solutions, Inc. *	20,945		320,040

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

317

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
LaBarge, Inc. *	4,777	$	71,942
Ladish Company, Inc. *	4,824		97,686
Lancaster Colony Corp.	6,571		247,464
Layne Christensen Company *	6,178		218,887
Lindsay Corp. (a)	3,809		277,105
Littelfuse, Inc. *	6,936		206,207
LMI Aerospace, Inc. *	3,091		62,160
LSB Industries, Inc. * (a)	5,730		79,360
LSI Industries, Inc.	6,949		57,468
Lydall, Inc. *	5,972		57,510
Marten Transport, Ltd. *	5,210		101,647
Matthews International Corp., Class A	9,974		506,081
Measurement Specialties, Inc. *	5,074		88,491
Medis Technologies, Ltd. * (a)	10,369		18,664
Metalico, Inc. * (a)	7,833		46,215
Methode Electronics, Inc.	12,381		110,686
Michael Baker Corp. *	2,658		92,498
Middleby Corp. *	5,466		296,858
Mine Safety Appliances Company	9,825		374,529
Moog, Inc., Class A *	10,799		463,061
Mueller Industries, Inc.	11,839		272,415
Mueller Water Products, Inc.	37,462		336,409
Multi-Fineline Electronix, Inc. *	2,839		41,989
Myers Industries, Inc.	9,450		119,164
NACCO Industries, Inc., Class A	1,907		180,250
NCI Building Systems, Inc. *	6,330		200,977
NN, Inc.	6,113		78,552
Nordic American Tanker Shipping, Ltd.	10,788		345,863
Nordson Corp.	10,770		528,915
Northwest Pipe Company *	3,058		133,390
NVE Corp. *	1,647		46,627
Old Dominion Freight Lines, Inc. *	8,816		249,845
Orbital Sciences Corp., Class A *	18,608		446,034
Orion Marine Group, Inc. *	7,321		76,797
OSI Systems, Inc. *	5,273		123,968
OYO Geospace Corp. *	1,380		54,206
Pacer International, Inc.	11,115		183,064
Park Electrochemical Corp.	6,516		157,948
Park-Ohio Holdings Corp. *	3,215		57,516
Perini Corp. *	8,669		223,574
PHI, Inc. *	4,558		168,327
Photon Dynamics, Inc. *	6,535		100,312
Plexus Corp. *	13,530		280,071
PMFG, Inc. *	4,640		67,234
Polypore International, Inc. *	5,190		111,637
Powell Industries, Inc. *	2,473		100,923
Power-One, Inc. * (a)	26,900		39,005
PowerSecure International, Inc. *	6,639		40,232
Presstek, Inc. * (a)	10,464		59,017
Quanex Building Products Corp.	11,753		179,116
Raser Technologies, Inc. *	14,935		126,948
Raven Industries, Inc.	5,213		205,132
RBC Bearings, Inc. *	7,034		236,975
Reddy Ice Holdings, Inc.	6,270		22,886
Regal-Beloit Corp.	10,165		432,216
Rentech, Inc. *	55,014		73,169

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Robbins & Myers, Inc.	9,191	$	284,278
Rofin-Sinar Technologies, Inc. *	9,844		301,325
Rogers Corp. *	5,791		214,151
Saia, Inc. *	5,302		70,411
Sanmina-SCI Corp. *	171,564		240,190
Sauer-Danfoss, Inc.	3,590		88,637
Ship Finance International, Ltd.	13,088		282,177
Silgan Holdings, Inc.	8,071		412,347
Simpson Manufacturing Company, Inc. (a)	11,927		323,102
Smith & Wesson Holding Corp. *	12,607		47,150
Sonic Solutions *	8,554		37,638
Standex International Corp.	4,521		125,458
Stanley, Inc. *	2,876		106,153
Sterling Construction Company, Inc. *	3,987		64,589
Stoneridge, Inc. *	4,925		55,406
Sun Hydraulics, Inc.	5,637		146,787
TAL International Group, Inc.	4,599		95,751
Taser International, Inc. *	20,367		145,624
TBS International, Ltd. *	3,291		44,297
Technitrol, Inc.	13,122		194,074
Tecumseh Products Company, Class A *	5,345		133,839
Teekay Tankers, Ltd.	4,578		77,506
Teledyne Technologies, Inc. *	11,283		644,936
Tennant Company	5,378		184,250
Texas Industries, Inc.	7,435		303,794
Textainer Group Holdings, Ltd.	2,931		44,522
Thermadyne Holdings Corp. *	4,835		80,599
TransDigm Group, Inc. *	10,519		360,065
Tredegar Industries, Inc.	7,910		140,719
Trex Company, Inc. *	5,637		102,086
TriMas Corp. *	5,520		36,211
Triumph Group, Inc.	5,222		238,698
TTM Technologies, Inc. *	13,651		135,418
TurboChef Technologies, Inc. *	8,466		52,066
Twin Disc, Inc.	5,891		81,060
U.S. Concrete, Inc. *	13,938		62,303
Ultralife Batteries, Inc. *	4,537		35,162
Ultrapetrol Bahamas, Ltd. *	8,097		63,561
Universal Display Corp. *	9,685		106,148
Universal Forest Products, Inc.	5,461		190,644
Universal Truckload Services, Inc. *	1,979		48,208
Valence Technology, Inc. *	17,314		59,733
Varian, Inc. *	9,382		402,488
Vicor Corp.	6,926		61,503
VSE Corp.	2,864		96,603
W.H. Brady Company, Class A	16,037		565,785
Wabtec Corp.	15,196		778,491
Waste Connections, Inc. *	20,926		717,762
Waste Services, Inc. *	9,062		67,149
Watts Water Technologies, Inc., Class A (a)	9,180		251,073
Werner Enterprises, Inc.	13,436		291,696
Woodward Governor Company	19,259		679,265
Worthington Industries, Inc.	20,407		304,881
YRC Worldwide, Inc. *	18,308		218,964
Zygo Corp. *	6,099		76,725
			48,661,691

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

318

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology - 8.61%
3D Systems Corp. * (a)	6,323	$	90,103
3PAR, Inc. *	9,207		59,385
ACI Worldwide, Inc. *	11,080		194,122
Actel Corp. *	8,423		105,119
Actuate Corp. *	20,597		72,090
Acxiom Corp.	19,673		246,699
Advanced Analogic Technologies, Inc. *	15,539		72,256
Advent Software, Inc. *	5,424		191,088
Agilysys, Inc.	7,788		78,581
Allscripts Healthcare Solution, Inc. *	18,425		229,207
American Reprographics Company *	11,786		203,309
American Software, Inc., Class A	9,005		49,077
Amkor Technology, Inc. *	34,755		221,389
Anadigics, Inc. *	20,000		56,200
ANSYS, Inc. *	2,011		76,157
Applied Micro Circuits Corp. *	21,318		127,482
Asyst Technologies, Inc. *	18,054		43,330
ATMI, Inc. *	10,293		185,068
AuthenTec, Inc. *	8,465		18,200
Avid Technology, Inc. * (a)	9,842		236,799
Axcelis Technologies, Inc. *	33,622		57,157
Blackbaud, Inc.	14,402		265,717
Blackboard, Inc. *	9,934		400,241
Bookham, Inc *	35,986		40,664
Bottomline Technologies, Inc. *	7,851		81,650
Brooks Automation, Inc. *	20,733		173,328
Cabot Microelectronics Corp. *	7,382		236,815
CACI International, Inc., Class A *	9,541		478,004
Cavium Networks, Inc. *	9,709		136,703
Ceva, Inc. *	7,565		62,790
CIBER, Inc. *	17,581		122,891
Cirrus Logic, Inc. *	21,170		115,377
Cogent, Inc. *	13,138		134,270
Cogo Group, Inc. *	8,425		44,400
Cohu, Inc.	7,825		123,792
Commvault Systems, Inc. *	13,795		166,230
Compellent Technologies, Inc. *	4,898		60,735
Computer Programs & Systems, Inc.	3,835		111,023
COMSYS IT Partners, Inc. *	5,375		52,245
Concur Technologies, Inc. *	13,782		527,299
Cray, Inc. *	12,181		63,098
CSG Systems International, Inc. *	11,625		203,786
Data Domain, Inc. * (a)	10,635		236,841
Deltek, Inc. *	4,422		26,886
DemandTec, Inc. * (a)	7,124		64,187
Digi International, Inc. *	9,170		93,534
Diodes, Inc. *	9,433		174,039
DivX, Inc. *	9,080		58,748
DMRC Corp. *	2,108		32,843
Double-Take Software, Inc. *	5,804		57,750
DSP Group, Inc. *	8,482		64,887
Ebix, Inc. *	743		69,812
Echelon Corp. *	9,757		96,399
Eclipsys Corp. *	17,486		366,332
Electronics for Imaging, Inc. *	17,132		238,649
Emcore Corp. * (a)	23,730		117,226

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Emulex Corp. *	26,900	$	287,023
Entegris, Inc. *	36,729		177,768
Epicor Software Corp. *	19,237		151,780
EPIQ Systems, Inc. *	11,607		157,855
Exar Corp. *	12,819		98,194
Fair Isaac Corp.	15,508		357,459
Falconstor Software, Inc. *	12,907		69,182
FormFactor, Inc. *	15,672		273,006
Furmanite Corp. *	12,545		129,715
Hittite Microwave Corp. *	6,256		210,202
Hutchinson Technology, Inc. *	7,945		92,003
Igate Corp. *	7,697		66,733
IKON Office Solutions, Inc.	25,739		437,820
Imation Corp.	9,503		214,673
Immersion Corp. *	10,245		59,626
infoGROUP, Inc.	11,630		76,874
Innerworkings, Inc. *	10,684		118,486
Integral Systems, Inc. *	5,818		120,840
Interactive Intelligence, Inc. *	4,946		44,613
IPG Photonics Corp. *	6,241		121,762
Isilon Systems, Inc. *	10,511		46,354
IXYS Corp. *	8,097		73,602
Jack Henry & Associates, Inc.	23,865		485,175
JDA Software Group, Inc. *	8,341		126,867
Kulicke & Soffa Industries, Inc. *	17,636		79,538
Lattice Semiconductor Corp. *	39,087		80,519
Lawson Software, Inc. *	40,422		282,954
Limelight Networks, Inc. *	10,202		25,505
LTX-Credence Corp. *	22,739		39,566
Magma Design Automation, Inc. *	14,119		56,758
Manhattan Associates, Inc. *	7,967		177,983
ManTech International Corp. *	6,546		388,112
Mattson Technology, Inc. *	17,115		80,954
Maxwell Technologies, Inc. * (a)	6,540		87,244
MedAssets, Inc. *	5,077		87,324
Mentor Graphics Corp. *	29,128		330,603
Mercury Computer Systems, Inc. *	7,968		70,915
Micrel, Inc.	15,909		144,295
MICROS Systems, Inc. *	26,702		711,875
Microsemi Corp. *	25,051		638,299
MicroStrategy, Inc., Class A *	2,901		172,697
Microtune, Inc. *	19,235		51,550
MIPS Technologies, Inc., Class A *	15,669		54,998
MKS Instruments, Inc. *	15,889		316,350
Monolithic Power Systems, Inc. *	8,404		145,978
Monotype Imaging Holdings, Inc. *	5,249		58,421
MSC Software Corp. *	14,867		159,077
MTS Systems Corp.	5,662		238,370
NCI, Inc. *	2,694		76,725
Ness Technologies, Inc. *	12,973		148,800
Netezza Corp. *	12,795		135,755
NETGEAR, Inc. *	11,386		170,790
Netlogic Microsystems, Inc. * (a)	5,434		164,324
Netscout Systems, Inc. *	9,750		103,740
Omnicell, Inc. *	10,722		140,994
Omniture, Inc. *	19,954		366,355

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

319

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
OmniVision Technologies, Inc. * (a)	16,204	$	184,888
Opnet Technologies, Inc. *	5,756		70,108
Palm, Inc. * (a)	35,400		211,338
Parametric Technology Corp. *	36,698		675,243
Pegasystems, Inc.	5,114		66,022
Pericom Semiconductor Corp. *	7,314		76,797
Perot Systems Corp., Class A *	27,477		476,726
Phase Forward, Inc. *	13,912		290,900
Phoenix Technology, Ltd. *	9,561		76,392
Photronics, Inc. *	13,783		25,912
PLX Technology, Inc. *	9,880		50,586
PMC-Sierra, Inc. *	69,896		518,628
Power Integrations, Inc. *	9,773		235,529
Progress Software Corp. *	13,265		344,757
PROS Holdings, Inc. *	4,383		41,156
Quality Systems, Inc.	5,655		238,980
Quantum Corp. *	58,991		61,941
Quest Software, Inc. *	23,000		291,870
Rackable Systems, Inc. *	9,695		95,108
Radiant Systems, Inc. *	9,289		80,721
RadiSys Corp. *	8,062		69,333
Rimage Corp. *	4,045		56,468
Riverbed Technology, Inc. *	17,958		224,834
Rubicon Technology, Inc. *	4,379		31,616
Rudolph Technologies, Inc. *	10,569		88,568
Schawk, Inc., Class A	5,504		83,220
Seachange International, Inc. *	11,051		106,753
Semitool, Inc. *	8,451		69,129
Semtech Corp. *	19,538		272,750
SI International, Inc. *	4,514		135,646
Sigma Designs, Inc. *	8,605		122,363
Silicon Image, Inc. *	23,831		127,258
Silicon Storage Technology, Inc. *	29,270		95,420
SiRF Technology Holdings, Inc. *	19,756		29,436
Skyworks Solutions, Inc. *	51,943		434,243
Smart Modular Technologies (WWH), Inc. *	14,820		44,460
Smith Micro Software, Inc. * (a)	10,246		72,747
Solera Holdings, Inc. *	16,592		476,522
Spansion, Inc. *	42,487		65,855
SPSS, Inc. *	5,760		169,114
SRA International, Inc., Class A *	13,461		304,622
Standard Microsystems Corp. *	7,155		178,732
STEC, Inc. *	9,867		75,976
Stratasys, Inc. * (a)	6,929		121,050
Super Micro Computer, Inc. *	8,148		73,413
Supertex, Inc. *	3,804		107,121
Sybase, Inc. *	25,061		767,368
Sykes Enterprises, Inc. *	10,604		232,864
Synaptics, Inc. *	10,876		328,673
Synchronoss Technologies, Inc. *	7,179		67,554
SYNNEX Corp. *	5,430		121,306
Syntel, Inc.	4,160		101,920
Take-Two Interactive Software, Inc. *	24,470		401,308
Taleo Corp. *	7,417		147,524
Techwell, Inc. *	5,546		52,299
Tessera Technologies, Inc. *	15,483		252,992

Small Cap Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
THQ, Inc. *	21,260	$	255,970
Trident Microsystems, Inc. *	20,710		49,704
Triquint Semiconductor, Inc. *	45,954		220,120
Tyler Technologies, Inc. *	12,386		187,896
Ultimate Software Group, Inc. *	7,937		214,299
Ultra Clean Holdings, Inc. *	7,478		37,689
Ultratech, Inc. *	7,786		94,211
Unica Corp. * (a)	5,541		43,441
Veeco Instruments, Inc. *	10,429		154,454
VeriFone Holdings, Inc. *	21,765		359,993
Volterra Semiconductor Corp. *	8,348		106,270
Wind River Systems, Inc. *	23,204		232,040
Zoran Corp. *	16,567		135,187
			30,012,322
Utilities - 3.57%
Allete, Inc.	8,412		374,334
American States Water Company	5,813		223,801
Avista Corp.	17,206		373,542
Black Hills Corp.	12,152		377,563
California Water Service Group (a)	6,430		247,555
Central Vermont Public Service Corp.	4,117		96,502
CH Energy Group, Inc.	5,288		230,398
Cleco Corp.	19,197		484,724
Consolidated Water Company, Ltd. (a)	5,272		89,729
El Paso Electric Company *	14,611		306,831
Empire District Electric Company	11,300		241,255
EnergySouth, Inc.	2,710		166,475
EnerNOC, Inc. *	3,312		34,246
Great Plains Energy, Inc.	10,527		233,910
IDACORP, Inc.	14,334		416,976
ITC Holdings Corp.	15,879		822,056
MGE Energy, Inc.	7,488		266,198
New Jersey Resources Corp.	13,622		488,894
Nicor, Inc.	14,060		623,561
Northwest Natural Gas Company	8,512		442,624
NorthWestern Corp.	12,615		317,015
Ormat Technologies, Inc.	5,749		208,861
Otter Tail Corp. (a)	9,768		300,171
PICO Holdings, Inc. *	5,304		190,467
Piedmont Natural Gas, Inc. (a)	23,350		746,266
Pike Electric Corp. *	5,666		83,460
PNM Resources, Inc.	24,478		250,655
Portland General Electric Company	19,820		468,941
SJW Corp.	4,537		135,974
South Jersey Industries, Inc.	9,733		347,468
Southwest Gas Corp.	13,892		420,372
Southwest Water Company (a)	10,907		139,064
Synthesis Energy Systems, Inc. *	7,075		34,314
The Laclede Group, Inc.	7,065		342,582
UIL Holding Corp.	8,253		283,325
Unisource Energy Corp.	11,045		322,404
US Geothermal, Inc. *	22,678		40,367
Westar Energy, Inc.	32,574		750,505

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

320

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Index Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
WGL Holdings, Inc.		15,484	$	502,456
				12,425,841
TOTAL COMMON STOCKS (Cost $357,838,253)		$		330,128,305
PREFERRED STOCKS - 0.03%
Consumer, Non-cyclical - 0.03%
Inverness Medical Innovations, Inc.,
Series B, 3.00% *		521		98,943
TOTAL PREFERRED STOCKS (Cost $120,673)			$	98,943
SHORT TERM INVESTMENTS - 11.65%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	24,576,390	$	24,576,390
Rabobank USA Financial Corp.
0.20% due 10/01/2008		15,000,000		15,000,000
UBS Finance Delaware LLC
3.00% due 10/01/2008		1,034,000		1,034,000
TOTAL SHORT TERM INVESTMENTS
(Cost $40,610,390)			$	40,610,390
Total Investments (Small Cap Index Trust)
(Cost $398,569,316) - 106.43%			$	370,837,638
Liabilities in Excess of Other Assets - (6.43)%				(22,407,784)
TOTAL NET ASSETS - 100.00%			$	348,429,854
Small Cap Intrinsic Value Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.62%
Basic Materials - 10.40%
Anvil Mining, Ltd. *		119,374	$	509,239
Apex Silver Mines, Ltd. *		40,900		70,348
Boise, Inc. *		108,471		169,215
FNX Mining Company, Inc. *		167,644		1,773,711
Gammon Gold, Inc. *		280,908		2,078,719
Minefinders Corp., Ltd. *		140,650		1,061,908
Omnova Solutions, Inc. *		180,683		359,559
Solutia, Inc. *		29,743		416,402
				6,439,101
Communications - 24.01%
DG Fastchannel, Inc. *		132,615		2,906,921
Drugstore.com, Inc. *		48,318		113,547
EchoStar Corp. *		48,776		1,175,502
MRV Communications, Inc. *		1,477,631		1,728,828
RADVision, Ltd. *		92,105		553,551
RealNetworks, Inc. *		713,616		3,625,169
Shutterfly, Inc. *		68,640		659,631
TerreStar Corp. *		49,327		49,327
The Knot, Inc. *		485,955		4,057,724
				14,870,200
Consumer, Cyclical - 7.25%
Carrols Restaurant Group, Inc. *		473,000		1,419,000

Small Cap Intrinsic Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Daphne International Holdings, Ltd.	2,676,785	$	1,176,330
Joe's Jeans, Inc. *	699,000		768,900
Melco Crown Entertainment, Ltd., ADR *	148,241		591,481
Pinnacle Airlines Corp. *	133,918		532,994
			4,488,705
Consumer, Non-cyclical - 21.11%
American Oriental Bioengineering, Inc. *	315,197		2,045,629
Anesiva, Inc. *	169,534		254,301
Brazil Ethanol, Inc. *	37,138		371,380
Diamond Foods, Inc.	40,000		1,121,200
Kinetic Concepts, Inc. *	12,183		348,312
NMT Medical, Inc. *	140,952		439,770
Novabay Pharmaceuticals, Inc. *	160,556		272,945
Seaboard Corp.	2,799		3,518,343
Wright Express Corp. *	157,400		4,698,390
			13,070,270
Diversified - 1.04%
Melco International Development	200,000		56,654
Sherritt International Corp., ADR	109,614		586,050
			642,704
Energy - 9.28%
Atwood Oceanics, Inc. *	5,210		189,644
TXCO Resources, Inc. *	251,035		2,520,392
Warren Resources, Inc. *	304,340		3,037,313
			5,747,349
Financial - 10.47%
BGC Partners, Inc.	100,948		433,067
eHealth, Inc. *	141,500		2,264,000
NexCen Brands, Inc. *	95,000		26,600
Northeast Community Bancorp, Inc.	138,000		1,104,000
Pinetree Capital, Ltd. *	295,275		294,096
Tradestation Group, Inc. *	252,850		2,364,147
			6,485,910
Industrial - 2.25%
Ameron International Corp.	3,992		286,027
Diana Shipping, Inc.	43,147		849,564
OceanFreight, Inc.	2,245		30,240
Sonic Solutions *	51,674		227,366
			1,393,197
Technology - 9.08%
Aspen Technology, Inc. *	42,794		543,484
Brocade Communications Systems, Inc. *	404,372		2,353,445
Descartes Systems Group, Inc. *	535,869		1,973,790
Kopin Corp. *	241,176		752,469
			5,623,188
Utilities - 3.73%
PICO Holdings, Inc. *	36,650		1,316,102
Southern Union Company	48,000		991,200
			2,307,302
TOTAL COMMON STOCKS (Cost $100,764,138)		$	61,067,926

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

321

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Intrinsic Value Trust (continued)
		Shares or
		Principal
		Amount		Value
WARRANTS - 0.23%
Basic Materials - 0.06%
Boise, Inc.
(Expiration Date: 06/18/2011, Strike
Price USD 7.50) *		165,233	$	16,524
Fortune Minerals, Ltd.
(Expiration Date 07/26/2009, Strike
Price CAD 3.75) *		164,190		22,370
				38,894
Consumer, Non-cyclical - 0.17%
Global Brands Acquisition Corp
(Expiration Date 12/06/2012, Strike
Price USD 7.00) *		100,000		20,000
Shermen WSC Acquisition Corp.
(Expiration Date 05/24/2011, Strike
Price USD 5.00) *		1,032,754		82,620
				102,620
TOTAL WARRANTS (Cost $692,294)			$	141,514
REPURCHASE AGREEMENTS - 1.26%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$778,027 on 10/1/2008,
collateralized by $795,000 Federal
Home Loan Mortgage Corp.,
4.15% due 01/29/2013 (valued at
$797,194, including interest)	$	778,000	$	778,000
TOTAL REPURCHASE AGREEMENTS
(Cost $778,000)			$	778,000
Total Investments (Small Cap Intrinsic Value Trust)
(Cost $102,234,432) - 100.11%			$	61,987,440
Liabilities in Excess of Other Assets - (0.11)%				(67,023)
TOTAL NET ASSETS - 100.00%			$	61,920,417
Small Cap Opportunities Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 97.53%
Basic Materials - 2.38%
A. Schulman, Inc.		49,136 $	$	971,910
Century Aluminum Company *		23,332		646,063
Compass Minerals International, Inc.		14,471		758,136
FMC Corp.		15,420		792,434
Horsehead Holding Corp. *		45,870		270,633
Reliance Steel & Aluminum Company		17,816		676,473
Zep, Inc.		39,019		688,295
				4,803,944
Communications - 9.76%
Alaska Communications Systems Group, Inc.		98,434		1,203,848
Anixter International, Inc. *		33,720		2,006,677
Ariba, Inc. *		130,033		1,837,366
Arris Group, Inc. *		136,792		1,057,402
Cincinnati Bell, Inc. *		293,367		906,504

Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Comtech Telecommunications Corp. *	68,713	$	3,383,428
Cybersource Corp. *	68,139		1,097,719
DataPath, Inc. * (g)	186,100		279,150
DealerTrack Holdings, Inc. *	56,729		955,316
Digital River, Inc. *	34,140		1,106,136
eResearch Technology, Inc. *	66,602		793,230
J2 Global Communications, Inc. *	76,930		1,796,316
NeuStar, Inc., Class A *	51,360		1,021,551
NTELOS Holdings Corp.	22,109		594,511
TheStreet.com, Inc.	81,400		487,586
World Wrestling Entertainment, Inc., Class A	76,273		1,179,181
			19,705,921
Consumer, Cyclical - 10.48%
Allegiant Travel Company *	45,789		1,617,268
Bally Technologies, Inc. *	27,200		823,616
Cash America International, Inc.	31,110		1,121,204
Citi Trends, Inc. *	61,477		1,001,460
Deckers Outdoor Corp. *	5,080		528,727
DineEquity, Inc.	26,629		448,965
FGX International Holdings, Ltd. *	79,800		883,386
Hibbett Sports, Inc. *	19,260		385,585
Interface, Inc., Class A	110,070		1,251,496
Noble International, Ltd.	93,268		558,675
Oshkosh Corp.	54,246		713,877
Owens & Minor, Inc.	33,527		1,626,060
Pantry, Inc. *	46,775		991,162
Papa John's International, Inc. *	38,776		1,053,156
PC Mall, Inc. *	81,198		554,582
Penn National Gaming, Inc. *	26,381		700,943
Penske Auto Group, Inc.	98,406		1,128,717
Republic Airways Holdings, Inc. *	31,640		322,412
Rush Enterprises, Inc., Class B *	80,957		1,016,820
Tempur-Pedic International, Inc. (a)	110,452		1,298,916
Tenneco, Inc. *	46,700		496,421
Titan International, Inc.	41,900		893,308
Volcom, Inc. *	43,804		756,933
Wolverine World Wide, Inc.	36,726		971,770
			21,145,459
Consumer, Non-cyclical - 17.07%
ABM Industries, Inc.	55,248		1,206,616
Alberto-Culver Company	52,680		1,435,003
Bio-Rad Laboratories, Inc., Class A *	12,205		1,209,760
Capella Education Company *	19,217		823,641
Cardiac Science Corp. *	13,590		140,792
Cross Country Healthcare, Inc. *	72,554		1,181,905
Euronet Worldwide, Inc. *	42,601		712,715
Flowers Foods, Inc.	93,775		2,753,234
Fossil, Inc. *	26,592		750,692
Gentiva Health Services, Inc. *	76,572		2,062,850
Haemonetics Corp. *	19,986		1,233,536
Intermune, Inc. *	26,323		450,387
Invacare Corp.	64,814		1,564,610
Kforce, Inc. *	100,109		1,022,113
Qiagen NV *	23,060		454,974
Quidel Corp. *	66,741		1,095,220

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

322

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Ruddick Corp.	91,547	$	2,970,700
Skilled Healthcare Group, Inc. *	90,762		1,442,208
Spartan Motors, Inc.	231,984		737,709
Team, Inc. *	39,571		1,429,304
Techne Corp. *	12,750		919,530
TreeHouse Foods, Inc. *	50,843		1,510,037
Tupperware Brands Corp.	34,836		962,519
ViroPharma, Inc. *	84,785		1,112,379
Vivus, Inc. *	173,908		1,380,829
West Pharmaceutical Services, Inc.	57,892		2,826,287
Wright Express Corp. *	35,607		1,062,869
			34,452,419
Energy - 7.32%
Arena Resources, Inc. *	14,100		547,785
Carrizo Oil & Gas, Inc. *	17,460		633,274
Complete Production Services, Inc. *	42,673		859,008
Comstock Resources, Inc. *	21,373		1,069,719
Core Laboratories N.V.	15,774		1,598,222
Flotek Industries, Inc. *	46,040		506,440
Lufkin Industries, Inc.	14,667		1,163,826
Mariner Energy, Inc. *	59,440		1,218,520
NATCO Group, Inc. *	27,977		1,124,116
Oceaneering International, Inc. *	21,462		1,144,354
Oil States International, Inc. *	32,844		1,161,035
Parallel Petroleum Corp. *	78,160		736,267
Pason Systems, Inc.	46,478		572,104
Penn Virginia Corp.	26,670		1,425,245
Rex Energy Corp. *	20,030		315,673
Venoco, Inc. *	53,679		697,827
			14,773,415
Financial - 23.28%
Affiliated Managers Group, Inc. *	40,069		3,319,717
Alexandria Real Estate Equities, Inc., REIT	10,986		1,235,925
Anthracite Capital, Inc., REIT (a)	152,872		819,394
Ashford Hospitality Trust, Inc., REIT	199,106		806,379
Aspen Insurance Holdings, Ltd.	71,180		1,957,450
Assured Guaranty, Ltd.	59,222		962,950
BancFirst Corp.	15,405		744,524
Bank of the Ozarks, Inc.	83,960		2,266,920
BioMed Realty Trust, Inc., REIT	62,790		1,660,795
Capstead Mortage Corp., REIT	117,990		1,291,990
Columbia Banking System, Inc.	21,080		373,748
Commerce Bancshares, Inc.	21,048		976,627
Community Trust Bancorp, Inc.	33,420		1,149,648
Corporate Office Properties Trust, REIT	58,803		2,372,701
Delphi Financial Group, Inc.	22,080		619,123
DuPont Fabros Technology, Inc., REIT	97,210		1,482,453
First Financial Bankshares, Inc.	18,824		976,589
First Midwest BanCorp, Inc.	36,870		893,729
FPIC Insurance Group, Inc. *	23,782		1,222,157
GAMCO Investors, Inc.	19,529		1,158,070
Glacier Bancorp, Inc.	22,750		563,517
Gramercy Capital Corp., REIT	130,136		337,052
Hatteras Financial Corp., REIT	47,860		1,110,352
Jer Investors Trust, Inc., REIT (a)	174,028		838,815

Small Cap Opportunities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
KBW, Inc. *	49,341	$	1,625,293
KKR Financial Holdings LLC	255,051		1,622,124
LaSalle Hotel Properties, REIT	64,910		1,513,701
Max Re Capital, Ltd.	29,570		686,911
MB Financial, Inc.	16,100		532,427
Meadowbrook Insurance Group, Inc.	201,945		1,425,732
NorthStar Realty Finance Corp., REIT (a)	234,930		1,820,708
RAIT Financial Trust, REIT (a)	204,882		1,124,802
Senior Housing Properties Trust, REIT	28,708		684,112
SVB Financial Group *	24,220		1,402,822
Texas Capital Bancshares, Inc. *	27,800		577,128
Tower Group, Inc.	52,450		1,235,722
UCBH Holdings, Inc.	80		513
Universal Health Realty Income Trust, REIT	21,469		835,144
Whitney Holding Corp.	20,700		501,975
World Acceptance Corp. *	38,030		1,369,080
Zenith National Insurance Corp.	24,070		881,925
			46,980,744
Industrial - 17.73%
A. M. Castle & Company	54,680		944,870
AAR Corp. *	45,158		749,171
Actuant Corp., Class A	57,916		1,461,800
Aerovironment, Inc. *	21,610		690,439
AptarGroup, Inc.	23,547		920,923
AZZ, Inc. *	1,000		41,370
Belden, Inc.	32,471		1,032,253
Carlisle Companies, Inc.	47,510		1,423,875
Ceradyne, Inc. *	39,063		1,432,050
Chart Industries, Inc. *	28,972		827,440
Curtiss-Wright Corp.	29,859		1,357,092
Dionex Corp. *	13,192		838,352
General Cable Corp. *	66,479		2,368,647
Haynes International, Inc. *	9,870		462,212
Kadant, Inc. *	59,347		1,351,331
Kaydon Corp.	30,360		1,368,022
Koppers Holdings, Inc.	49,800		1,863,018
Landstar Systems, Inc.	40,264		1,774,032
Marten Transport, Ltd. *	85,883		1,675,577
Methode Electronics, Inc.	88,362		789,956
Middleby Corp. * (a)	25,688		1,395,115
Northwest Pipe Company *	21,709		946,947
Old Dominion Freight Lines, Inc. *	39,340		1,114,896
OSI Systems, Inc. *	35,504		834,699
RBC Bearings, Inc. *	67,706		2,281,015
Rofin-Sinar Technologies, Inc. *	21,798		667,237
Snap-on, Inc.	21,883		1,152,359
Texas Industries, Inc.	18,222		744,551
TTM Technologies, Inc. *	110,658		1,097,727
Valmont Industries, Inc.	12,605		1,042,307
Waste Connections, Inc. *	33,376		1,144,797
			35,794,080
Technology - 5.96%
Agilysys, Inc.	42,375		427,564
ATMI, Inc. *	43,491		781,968
Blackbaud, Inc.	49,674		916,485

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

323

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Opportunities Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology (continued)
CACI International, Inc., Class A *		24,973	$	1,251,147
Diodes, Inc. *		88,904		1,640,279
MKS Instruments, Inc. *		49,663		988,790
Omnicell, Inc. *		71,346		938,200
Open Text Corp. *		37,315		1,290,353
Parametric Technology Corp. *		56,100		1,032,240
Power Integrations, Inc. *		34,945		842,174
Semtech Corp. *		80,080		1,117,917
Silicon Motion Technology Corp., ADR * (a)		63,350		296,478
THQ, Inc. *		42,240		508,570
				12,032,165
Utilities - 3.55%
Avista Corp.		30,135		654,231
Cascal N.V.		47,277		496,409
Energen Corp.		15,435		698,897
EnerNOC, Inc. *		17,569		181,663
ITC Holdings Corp.		26,520		1,372,940
New Jersey Resources Corp.		39,961		1,434,200
South Jersey Industries, Inc.		65,370		2,333,709
				7,172,049
TOTAL COMMON STOCKS (Cost $224,360,085)			$	196,860,196
SHORT TERM INVESTMENTS - 3.25%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	6,556,863	$	6,556,863
TOTAL SHORT TERM INVESTMENTS
(Cost $6,556,863)			$	6,556,863
REPURCHASE AGREEMENTS - 2.14%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$4,319,150 on 10/01/2008,
collateralized by $985,000 Federal
Home Loan Mortgage Corp.,
4.15% due 01/29/2013 (valued at
$987,719, including interest) and
$3,425,000 Federal Home Loan
Bank, 1.00% due 01/19/2010
(valued at $3,421,438, including
interest)	$	4,319,000	$	4,319,000
TOTAL REPURCHASE AGREEMENTS
(Cost $4,319,000)			$	4,319,000
Total Investments (Small Cap Opportunities Trust)
(Cost $235,235,948) - 102.92%			$	207,736,059
Liabilities in Excess of Other Assets - (2.92)%				(5,895,438)
TOTAL NET ASSETS - 100.00%			$	201,840,621

Small Cap Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 95.50%
Basic Materials - 2.85%
Compass Minerals International, Inc.	39,900	$	2,090,361
Deltic Timber Corp.	73,300		4,664,812
Zep, Inc.	219,050		3,864,042
			10,619,215
Communications - 1.70%
Websense, Inc. *	284,200		6,351,870
Consumer, Cyclical - 17.54%
Casey's General Stores, Inc.	307,400		9,274,258
Cato Corp., Class A	398,946		7,001,502
CEC Entertainment, Inc. *	125,350		4,161,620
Choice Hotels International, Inc.	123,500		3,346,850
Hibbett Sports, Inc. * (a)	347,800		6,962,956
Modine Manufacturing Company	360,100		5,214,248
O'Reilly Automotive, Inc. *	39,800		1,065,446
Sonic Corp. *	291,000		4,239,870
Stage Stores, Inc.	531,849		7,265,058
Tempur-Pedic International, Inc. (a)	282,100		3,317,496
Unifirst Corp.	125,600		5,412,104
United Stationers, Inc. *	169,594		8,111,681
			65,373,089
Consumer, Non-cyclical - 15.79%
Acco Brands Corp. *	479,000		3,611,660
AmSurg Corp. *	153,830		3,918,050
Arbitron, Inc.	121,200		5,416,428
Bowne & Company, Inc.	322,200		3,721,410
Centene Corp. *	211,900		4,346,069
Charles River Laboratories International, Inc. *	4,900		272,097
CorVel Corp. *	67,865		1,941,618
Helen of Troy, Ltd. *	251,500		5,726,655
Herbalife, Ltd.	166,900		6,595,888
Hormel Foods Corp.	15,200		551,456
ICU Medical, Inc. *	150,200		4,567,582
Lance, Inc.	271,500		6,160,335
MAXIMUS, Inc.	155,600		5,732,304
Orthofix International NV *	222,000		4,135,860
Valassis Communications, Inc. *	252,500		2,186,650
			58,884,062
Energy - 3.77%
Penn Virginia Corp.	196,400		10,495,616
Plains Exploration & Production Company *	11,000		386,760
St. Mary Land & Exploration Company	12,900		459,885
Whiting Petroleum Corp. *	38,100		2,715,006
			14,057,267
Financial - 25.36%
Acadia Realty Trust, REIT	180,100		4,552,928
American Campus Communities, Inc., REIT	121,600		4,119,808
Ares Capital Corp.	459,266		4,790,144
Asset Acceptance Capital Corp. *	328,600		3,463,444
Assured Guaranty, Ltd.	239,100		3,887,766
Asta Funding, Inc. (a)	162,800		1,141,228
Credit Acceptance Corp. * (a)	136,875		2,326,875
Delphi Financial Group, Inc.	287,950		8,074,118
Financial Federal Corp.	153,553		3,519,435
First Midwest BanCorp, Inc.	92,700		2,247,048

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

324

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Cap Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
International Bancshares Corp.	201,510	$	5,440,770
IPC Holdings, Ltd.	111,500		3,368,415
MB Financial, Inc.	112,200		3,710,454
NewAlliance Bancshares, Inc.	141,900		2,132,757
Platinum Underwriters Holdings, Ltd.	163,409		5,797,751
PS Business Parks, Inc., REIT	54,300		3,127,680
RAIT Financial Trust, REIT (a)	337,600		1,853,424
Realty Income Corp., REIT (a)	268,300		6,868,480
Reinsurance Group of America, Inc. *	12,900		696,600
Universal American Financial Corp. *	561,400		6,843,466
U-Store-It Trust, REIT	401,200		4,922,724
Ventas, Inc., REIT	5,400		266,868
Webster Financial Corp.	269,700		6,809,925
WestAmerica Bancorp (a)	79,800		4,590,894
			94,553,002
Industrial - 21.54%
Acuity Brands, Inc.	113,800		4,752,288
Albany International Corp., Class A	211,834		5,789,423
AptarGroup, Inc.	127,838		4,999,744
Belden, Inc.	377,549		12,002,283
Carlisle Companies, Inc.	403,300		12,086,901
Deswell Industries, Inc.	159,950		553,427
ESCO Technologies, Inc. *	116,900		5,631,073
GATX Corp.	57,800		2,287,146
Genesee & Wyoming, Inc., Class A *	87,425		3,280,186
Graco, Inc.	12,000		427,320
Matthews International Corp., Class A	103,900		5,271,886
Mueller Industries, Inc.	297,810		6,852,608
Nam Tai Electronics, Inc.	400,800		3,274,536
Quixote Corp.	90,400		741,280
Simpson Manufacturing Company, Inc. (a)	93,500		2,532,915
Sterling Construction Company, Inc. *	170,767		2,766,426
Vitran Corp., Inc. *	281,000		3,785,070
Zebra Technologies Corp., Class A *	117,400		3,269,590
			80,304,102
Technology - 2.08%
Diebold, Inc.	8,400		278,124
Electronics for Imaging, Inc. *	229,000		3,189,970
Teradata Corp. *	13,700		267,150
Xyratex, Ltd. *	362,100		4,030,173
			7,765,417
Utilities - 4.87%
Atmos Energy Corp.	118,400		3,151,808
New Jersey Resources Corp.	95,346		3,421,967
UGI Corp.	13,000		335,140
Unisource Energy Corp.	131,500		3,838,485
Westar Energy, Inc.	191,800		4,419,072
WGL Holdings, Inc.	91,900		2,982,155
			18,148,627
TOTAL COMMON STOCKS (Cost $381,007,500)		$	356,056,651

Small Cap Value Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 5.84%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	21,790,163	$	21,790,163
TOTAL SHORT TERM INVESTMENTS
(Cost $21,790,163)			$	21,790,163
REPURCHASE AGREEMENTS - 5.63%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$20,995,729 on 10/01/2008,
collateralized by $21,360,000
Federal Home Loan Mortgage
Corp., 4.15% due 01/29/2013
(valued at $21,418,954, including
interest)	$	20,995,000	$	20,995,000
TOTAL REPURCHASE AGREEMENTS
(Cost $20,995,000)			$	20,995,000
Total Investments (Small Cap Value Trust)
(Cost $423,792,663) - 106.97%			$	398,841,814
Liabilities in Excess of Other Assets - (6.97)%				(26,001,942)
TOTAL NET ASSETS - 100.00%			$	372,839,872
Small Company Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 98.13%
Basic Materials - 2.71%
Buckeye Technologies, Inc. *		15,587	$	127,658
Century Aluminum Company *		2,378		65,847
CF Industries Holdings, Inc.		814		74,448
Compass Minerals International, Inc.		484		25,357
Gibraltar Industries, Inc.		2,372		44,380
Innophos Holdings, Inc.		871		21,235
KapStone Paper and Packaging Corp. *		4,962		31,509
Olympic Steel, Inc.		727		21,439
Quaker Chemical Corp.		257		7,314
Rock-Tenn Company, Class A		13,012		520,220
Symyx Technologies, Inc. *		676		6,699
				946,106
Communications - 4.45%
1-800-Flowers.com, Inc. *		9,364		56,371
CenturyTel, Inc.		10,432		382,333
Comtech Telecommunications Corp. *		485		23,881
Dice Holdings, Inc. *		5,184		36,806
Earthlink, Inc. *		41,600		353,600
Harmonic, Inc. *		2,673		22,587
InterDigital, Inc. *		4,513		108,538
Mediacom Communications Corp., Class A *		3,690		21,845
NTELOS Holdings Corp.		120		3,227
Plantronics, Inc.		610		13,737
Soapstone Networks, Inc. *		6,579		22,040
Syniverse Holdings, Inc. *		23,171		384,870
Tekelec, Inc. *		7,172		100,336
Thinkorswim Group, Inc. *		388		3,232

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

325

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
United Online, Inc.	2,006	$	18,877
			1,552,280
Consumer, Cyclical - 18.94%
AFC Enterprises, Inc. *	11,211		81,392
Americas Car Mart, Inc. *	3,241		60,250
ArvinMeritor, Inc.	1,735		22,624
ATC Technology Corp. *	1,207		28,654
Autoliv, Inc.	499		16,841
Bally Technologies, Inc. *	8,551		258,924
Big Lots, Inc. *	6,920		192,584
BlueLinx Holdings, Inc.	1,326		7,015
Bob Evans Farms, Inc.	1,228		33,512
Brightpoint, Inc. *	1,427		10,274
Carmike Cinemas, Inc.	1,888		6,948
Cash America International, Inc.	12,217		440,301
CEC Entertainment, Inc. *	14,433		479,176
Choice Hotels International, Inc.	3,151		85,392
Deckers Outdoor Corp. *	83		8,639
Dollar Tree, Inc. *	5,525		200,889
DreamWorks Animation SKG, Inc., Class A *	12,639		397,497
Einstein Noah Restaurant Group, Inc. *	1,773		17,872
FGX International Holdings, Ltd. *	570		6,310
Finish Line, Inc.	2,292		22,897
Genesco, Inc. *	7,658		256,390
Gymboree Corp. *	5,158		183,109
Insight Enterprises, Inc. *	7,588		101,755
Isle of Capri Casinos, Inc. *	1,708		15,406
Jakks Pacific, Inc. *	11,779		293,415
Jo-Ann Stores, Inc. *	12,339		258,872
Knoll, Inc.	15,672		236,961
LKQ Corp. *	9,846		167,087
New York & Company, Inc. *	11,748		112,076
Owens & Minor, Inc.	10,219		495,621
PC Mall, Inc. *	4,341		29,649
Perry Ellis International, Inc. *	1,784		26,599
Polaris Industries, Inc. (a)	10,201		464,043
RadioShack Corp.	13,492		233,142
RC2 Corp. *	147		2,940
Republic Airways Holdings, Inc. *	4,326		44,082
Skechers U.S.A., Inc., Class A *	3,987		67,101
SkyWest, Inc.	4,595		73,428
Sport Supply Group, Inc.	1,518		16,698
The Dress Barn, Inc. *	2,169		33,164
The Wet Seal, Inc., Class A *	3,889		14,117
Tractor Supply Company *	2,805		117,950
True Religion Apparel, Inc. *	2,033		52,553
TRW Automotive Holdings Corp. *	10,487		166,848
Unifirst Corp.	1,174		50,588
Warnaco Group, Inc. *	8,466		383,425
Wesco International, Inc. *	3,534		113,724
WMS Industries, Inc. *	3,703		113,201
Wolverine World Wide, Inc.	4,091		108,248
			6,610,183
Consumer, Non-cyclical - 16.83%
Advance America Cash Advance Centers, Inc.	3,618		10,818

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Alkermes, Inc. *	550	$	7,315
Alliance One International, Inc. *	6,285		23,883
American Medical Systems Holdings, Inc. *	5,907		104,908
AMERIGROUP Corp. *	7,031		177,462
Apria Healthcare Group, Inc. *	24,182		441,080
ArthroCare Corp. *	836		23,174
Avis Budget Group, Inc. *	1,994		11,446
Bio-Rad Laboratories, Inc., Class A *	620		61,454
Bowne & Company, Inc.	2,299		26,553
Centene Corp. *	13,476		276,393
Cenveo, Inc. *	2,662		20,471
CONMED Corp. *	4,297		137,504
Cryolife, Inc. *	3,348		43,926
Cubist Pharmaceuticals, Inc. *	5,155		114,596
Cyberonics, Inc. *	2,317		39,389
Cynosure, Inc. *	604		10,836
Dollar Financial Corp. *	2,207		33,966
Edwards Lifesciences Corp. *	562		32,461
Emergency Medical Services Corp., Class A *	233		6,962
Enzon Pharmaceuticals, Inc. *	2,444		18,037
Exactech, Inc. *	574		12,766
Fossil, Inc. *	906		25,576
Gartner Group, Inc., Class A *	2,397		54,364
Global Cash Access, Inc. *	8,319		42,094
Hain Celestial Group, Inc. *	1,876		51,646
Hanger Orthopedic Group, Inc. *	1,696		29,595
Healthsouth Corp. *	1,386		25,544
Helen of Troy, Ltd. *	2,129		48,477
Hewitt Associates, Inc., Class A *	2,620		95,473
Invacare Corp.	7,025		169,584
Invitrogen Corp. *	9,831		371,612
Kensey Nash Corp. *	1,211		38,098
King Pharmaceuticals, Inc. *	25,610		245,344
LHC Group, Inc. *	382		10,879
Magellan Health Services, Inc. *	177		7,268
Martek Biosciences Corp. *	9,566		300,564
Matrixx Initiatives, Inc. *	439		7,898
Medicines Company *	498		11,564
Medicis Pharmaceutical Corp., Class A	15,977		238,217
Molina Healthcare, Inc. *	13,717		425,227
Nash Finch Company	1,078		46,483
On Assignment, Inc. *	2,673		21,063
OSI Pharmaceuticals, Inc. *	1,844		90,891
Overhill Farms, Inc. *	5,646		29,077
Pediatrix Medical Group, Inc. *	1,633		88,051
PRG-Schultz International, Inc. *	2,842		25,464
PSS World Medical, Inc. *	5,045		98,378
Questcor Pharmaceuticals, Inc. *	1,506		11,069
Ralcorp Holdings, Inc. *	2,892		194,950
Rent-A-Center, Inc. *	1,127		25,110
Repligen Corp. *	2,526		11,897
SAIC, Inc. *	3,328		67,325
Salix Pharmaceuticals, Ltd. *	1,084		6,948
Standard Parking Corp. *	518		11,510
STERIS Corp.	531		19,955
Sucampo Pharmaceuticals, Inc. *	752		6,415

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

326

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Synovis Life Technologies, Inc. *	754	$	14,190
The Scotts Company, Class A	284		6,714
Thoratec Corp. *	2,093		54,941
TreeHouse Foods, Inc. *	1,852		55,004
Tupperware Brands Corp.	8,107		223,996
Valassis Communications, Inc. *	17,393		150,623
Vivus, Inc. *	33,747		267,951
Watson Wyatt Worldwide, Inc., Class A	9,936		494,117
WD-40 Company	500		17,965
			5,874,511
Energy - 5.82%
Atwood Oceanics, Inc. *	4,602		167,513
Basic Energy Services, Inc. *	10,252		218,368
Core Laboratories N.V.	623		63,122
ION Geophysical Corp. *	7,107		100,848
McMoran Exploration Company *	9,999		236,376
Oil States International, Inc. *	9,064		320,412
Penn Virginia Corp.	3,322		177,528
Petroquest Energy, Inc. *	2,914		44,730
Stone Energy Corp. *	6,796		287,675
Unit Corp. *	6,056		301,710
W&T Offshore, Inc.	4,171		113,827
			2,032,109
Financial - 16.32%
Alexander's, Inc., REIT *	39		15,600
Allied World Assurance Holdings, Ltd.	7,619		270,627
American Financial Group, Inc.	4,791		141,335
American Physicians Service Group, Inc.	566		11,982
Amerisafe, Inc. *	4,115		74,893
Apartment Investment & Management
Company, Class A, REIT	208		7,284
Aspen Insurance Holdings, Ltd.	13,291		365,503
Associated Estates Realty Corp., REIT	2,496		32,523
BancFirst Corp.	1,694		81,871
Bank of Hawaii Corp.	7,421		396,652
BioMed Realty Trust, Inc., REIT	5,642		149,231
Calamos Asset Management, Inc.	11,949		214,126
Cardinal Financial Corp.	2,101		16,976
Center Financial Corp.	1,648		21,045
Charter Financial Corp.	205		2,204
City Holding Company	3,192		134,862
Commerce Bancshares, Inc.	2,230		103,472
Community Bank Systems, Inc.	2,482		62,422
Entertainment Properties Trust, REIT	1,075		58,824
Equity Lifestyle Properties, Inc., REIT	8,879		470,853
Essex Property Trust, Inc., REIT	2,415		285,767
Evercore Partners, Inc.	1,284		23,086
Extra Space Storage, Inc., REIT	6,435		98,842
Financial Institutions, Inc.	1,846		36,939
First Citizens Bancshares, Inc.	465		83,235
Interactive Brokers Group, Inc. *	9,414		208,708
Knight Capital Group, Inc. *	2,370		35,218
Lexington Corporate Property Trust, REIT	1,013		17,444
Medical Properties Trust, Inc., REIT	1,864		21,156
Mid-America Apartment Communities, Inc.,
REIT	2,024		99,459

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Navigators Group, Inc. *	1,088	$	63,104
Old National Bancorp	1,320		26,426
Old Second Bancorp, Inc.	572		10,593
optionsXpress Holdings, Inc.	1,285		24,955
Oriental Financial Group, Inc.	20,704		369,773
Platinum Underwriters Holdings, Ltd.	6,939		246,196
Prosperity Bancshares, Inc.	3,016		102,514
Republic Bancorp, Inc., Class A	274		8,308
Senior Housing Properties Trust, REIT	2,825		67,320
Southside Bancshares, Inc.	684		17,237
Sovran Self Storage, Inc., REIT	1,082		48,355
SVB Financial Group *	1,295		75,006
Taubman Centers, Inc., REIT	8,560		428,000
Tradestation Group, Inc. *	7,326		68,498
TrustCo Bank Corp., NY	8,213		96,174
UMB Financial Corp.	2,875		150,995
Valley National Bancorp	12,204		255,796
Whitney Holding Corp.	1,830		44,378
World Acceptance Corp. *	1,403		50,508
			5,696,275
Industrial - 16.48%
A.O. Smith Corp.	1,779		69,719
Actuant Corp., Class A	2,790		70,420
Acuity Brands, Inc.	3,180		132,797
Altra Holdings, Inc. *	1,247		18,406
Analogic Corp.	3,538		176,051
Applied Industrial Technologies, Inc.	3,142		84,614
Arkansas Best Corp.	2,991		100,766
Belden, Inc.	3,859		122,678
Celestica, Inc. *	55,764		359,120
Ceradyne, Inc. *	192		7,039
Chart Industries, Inc. *	3,364		96,076
Cognex Corp.	3,417		68,887
Coherent, Inc. *	279		9,918
Comfort Systems USA, Inc.	2,643		35,310
Crown Holdings, Inc. *	1,458		32,382
Darling International, Inc. *	28,152		312,769
Dolby Laboratories, Inc., Class A *	3,374		118,731
EMCOR Group, Inc. *	19,806		521,294
EnPro Industries, Inc. *	1,772		65,848
Esterline Technologies Corp. *	8,720		345,225
Gardner Denver, Inc. *	5,474		190,057
GrafTech International, Ltd. *	12,659		191,277
Hawk Corp. *	3,583		72,126
Horizon Lines, Inc.	14,717		145,257
Hub Group, Inc., Class A *	4,490		169,048
Hubbell, Inc., Class B	1,554		54,468
Itron, Inc. *	296		26,205
Jabil Circuit, Inc.	9,443		90,086
Kirby Corp. *	6,487		246,117
Koppers Holdings, Inc.	3,808		142,457
Landstar Systems, Inc.	2,678		117,993
Lennox International, Inc.	1,882		62,614
Lydall, Inc. *	1,117		10,757
Methode Electronics, Inc.	17,305		154,707
Michael Baker Corp. *	2,123		73,880

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

327

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Multi-Fineline Electronix, Inc. *	2,774	$	41,027
NCI Building Systems, Inc. *	1,838		58,356
North American Galvanizing & Coatings, Inc. *	989		5,044
Pacer International, Inc.	1,749		28,806
Perini Corp. *	947		24,423
Robbins & Myers, Inc.	10,835		335,127
Stoneridge, Inc. *	4,292		48,285
Tecumseh Products Company, Class A *	4,261		106,695
Teledyne Technologies, Inc. *	2,752		157,304
Thermadyne Holdings Corp. *	1,275		21,254
TTM Technologies, Inc. *	3,793		37,627
USA Truck, Inc. *	1,026		16,365
W.H. Brady Company, Class A	4,487		158,301
Werner Enterprises, Inc.	1,726		37,471
Woodward Governor Company	5,107		180,124
			5,751,308
Technology - 13.31%
Acxiom Corp.	16,050		201,267
American Reprographics Company *	2,118		36,535
Amkor Technology, Inc. *	19,155		122,017
ANSYS, Inc. *	2,154		81,572
ASM International N.V. * (a)	6,051		113,154
Broadridge Financial Solutions, Inc.	5,507		84,753
CGI Group, Inc., Class A *	2,820		24,929
CIBER, Inc. *	970		6,780
Cirrus Logic, Inc. *	8,109		44,194
Cogo Group, Inc. *	2,774		14,619
Compuware Corp. *	14,171		137,317
COMSYS IT Partners, Inc. *	7,699		74,834
Conexant Systems, Inc. *	5,036		20,194
CSG Systems International, Inc. *	17,680		309,930
Emulex Corp. *	8,055		85,947
IKON Office Solutions, Inc.	597		10,155
JDA Software Group, Inc. *	2,312		35,165
Kulicke & Soffa Industries, Inc. *	7,488		33,771
Lexmark International, Inc. *	9,996		325,570
ManTech International Corp. *	1,652		97,947
Mentor Graphics Corp. *	18,775		213,096
Microsemi Corp. *	6,114		155,785
National Semiconductor Corp.	2,198		37,828
NCI, Inc. *	388		11,050
Open Text Corp. *	3,598		124,419
Parametric Technology Corp. *	2,834		52,146
QLogic Corp. *	16,681		256,220
Radiant Systems, Inc. *	1,619		14,069
RadiSys Corp. *	676		5,814
Silicon Image, Inc. *	21,153		112,957
Skyworks Solutions, Inc. *	28,663		239,623
SPSS, Inc. *	3,146		92,367
Standard Microsystems Corp. *	9,311		232,589
Super Micro Computer, Inc. *	860		7,749
Sybase, Inc. *	13,473		412,543
Synopsys, Inc. *	15,305		305,335
Take-Two Interactive Software, Inc. *	1,121		18,384
Trimble Navigation, Ltd. *	6,066		156,867
Triquint Semiconductor, Inc. *	11,693		56,009

Small Company Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Ultratech, Inc. *		468	$	5,663
Varian Semiconductor Equipment Associates,
Inc. *		758		19,041
Volterra Semiconductor Corp. *		8,027		102,184
Western Digital Corp. *		7,135		152,118
				4,644,506
Utilities - 3.27%
Atmos Energy Corp.		4,488		119,470
Central Vermont Public Service Corp.		2,006		47,021
El Paso Electric Company *		6,676		140,196
Maine & Maritimes Corp. *		261		8,600
Nicor, Inc.		5,222		231,596
The Laclede Group, Inc.		5,129		248,705
UGI Corp.		13,354		344,266
				1,139,854
TOTAL COMMON STOCKS (Cost $37,553,723)			$	34,247,132
SHORT TERM INVESTMENTS - 1.63%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	567,341	$	567,341
TOTAL SHORT TERM INVESTMENTS
(Cost $567,341)			$	567,341
REPURCHASE AGREEMENTS - 1.25%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$438,015 on 10/1/2008,
collateralized by $435,000 Federal
Home Loan Mortgage Corp.,
5.40% due 06/04/2012 (valued at
$449,077, including interest)	$	438,000	$	438,000
TOTAL REPURCHASE AGREEMENTS
(Cost $438,000)			$	438,000
Total Investments (Small Company Trust)
(Cost $38,559,064) - 101.01%			$	35,252,473
Liabilities in Excess of Other Assets - (1.01)%				(351,445)
TOTAL NET ASSETS - 100.00%			$	34,901,028
Small Company Growth Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.86%
Basic Materials - 0.44%
Carpenter Technology Corp.		30,171	$	773,886
Communications - 6.16%
DealerTrack Holdings, Inc. *		48,138		810,644
Harmonic, Inc. *		155,387		1,313,020
inVentiv Health, Inc. *		50,477		891,424
NeuStar, Inc., Class A *		57,560		1,144,868
NICE Systems, Ltd., ADR *		50,349		1,371,507
Polycom, Inc. *		67,468		1,560,535

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

328

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
SBA Communications Corp. *	52,656	$	1,362,211
Starent Networks Corp. * (a)	83,902		1,085,692
Websense, Inc. *	56,416		1,260,897
			10,800,798
Consumer, Cyclical - 11.06%
AnnTaylor Stores Corp. *	59,215		1,222,198
Big Lots, Inc. *	53,195		1,480,417
Buffalo Wild Wings, Inc. *	42,101		1,694,144
Choice Hotels International, Inc.	36,804		997,388
Dick's Sporting Goods, Inc. *	20,258		396,652
Hot Topic, Inc. *	136,596		902,900
Interface, Inc., Class A	91,413		1,039,366
Jack in the Box, Inc. *	65,181		1,375,319
Marvel Entertainment, Inc. *	61,708		2,106,711
National Cinemedia, Inc.	68,086		752,350
P.F. Chang's China Bistro, Inc. * (a)	49,093		1,155,649
Tech Data Corp. *	47,690		1,423,546
Tenneco, Inc. *	59,209		629,392
Warnaco Group, Inc. *	46,709		2,115,451
Wesco International, Inc. *	28,050		902,649
Zumiez, Inc. * (a)	72,903		1,201,441
			19,395,573
Consumer, Non-cyclical - 30.42%
Acorda Therapeutics, Inc. *	34,600		825,210
Affymetrix, Inc. *	65,502		506,986
AMAG Pharmaceuticals, Inc. *	19,827		767,900
Bankrate, Inc. * (a)	33,399		1,299,555
BioMarin Pharmaceutical, Inc. *	63,615		1,685,161
Cepheid, Inc. *	55,595		768,879
Chemed Corp.	34,123		1,401,090
Church & Dwight, Inc.	35,149		2,182,401
CoStar Group, Inc. * (a)	44,680		2,028,025
DeVry, Inc.	39,439		1,953,808
Euronet Worldwide, Inc. *	66,113		1,106,071
Gen-Probe, Inc. *	27,696		1,469,273
Global Payments, Inc.	27,441		1,231,003
Human Genome Sciences, Inc. *	90,198		572,757
Informatica Corp. *	86,460		1,123,115
Insulet Corp. *	60,028		835,590
Korn/Ferry International *	19,742		351,803
LifePoint Hospitals, Inc. *	49,672		1,596,458
Live Nation, Inc. *	74,201		1,207,250
Martek Biosciences Corp. *	41,242		1,295,824
Medicines Company *	69,459		1,612,838
Mentor Corp.	37,451		893,581
Meridian Bioscience, Inc.	54,860		1,593,134
Myriad Genetics, Inc. *	34,230		2,220,842
Nuvasive, Inc. *	59,495		2,934,888
OSI Pharmaceuticals, Inc. *	9,242		455,538
Parexel International Corp. *	58,383		1,673,257
Pediatrix Medical Group, Inc. *	27,526		1,484,202
PharMerica Corp. *	2,842		63,917
Quanta Services, Inc. *	32,908		888,845
Ralcorp Holdings, Inc. *	29,691		2,001,470
Sciele Pharma, Inc. *	72,360		2,227,964

Small Company Growth Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Strayer Education, Inc.	10,415	$	2,085,708
Tetra Tech, Inc. *	93,197		2,242,320
United Therapeutics Corp. *	15,841		1,665,998
VCA Antech, Inc. *	50,714		1,494,542
Wright Medical Group, Inc. *	72,281		2,200,234
Zoll Medical Corp. *	43,675		1,429,046
			53,376,483
Energy - 7.58%
Arena Resources, Inc. *	51,841		2,014,023
Bill Barrett Corp. *	51,542		1,655,014
Carrizo Oil & Gas, Inc. *	44,275		1,605,854
Dril-Quip, Inc. *	39,764		1,725,360
Goodrich Petroleum Corp. *	32,831		1,431,103
ION Geophysical Corp. *	102,421		1,453,354
Unit Corp. *	43,103		2,147,391
Whiting Petroleum Corp. *	17,706		1,261,730
			13,293,829
Financial - 7.68%
Affiliated Managers Group, Inc. *	18,722		1,551,118
BioMed Realty Trust, Inc., REIT	70,530		1,865,518
City National Corp.	13,600		738,480
Greenhill & Company, Inc. (a)	27,597		2,035,279
National Financial Partners Corp. (a)	37,203		558,045
optionsXpress Holdings, Inc.	52,272		1,015,122
ProAssurance Corp. *	26,442		1,480,752
Riskmetrics Group, Inc. *	30,511		597,100
Stifel Financial Corp. *	29,700		1,482,030
SVB Financial Group *	37,250		2,157,520
			13,480,964
Industrial - 17.27%
Advanced Energy Industries, Inc. *	56,401		771,566
American Commercial Lines, Inc. *	61,372		652,998
Barnes Group, Inc.	53,445		1,080,658
Bucyrus International, Inc., Class A	29,219		1,305,505
Calgon Carbon Corp. * (a)	58,577		1,192,628
Coherent, Inc. *	56,253		1,999,794
Dynamic Materials Corp.	37,991		881,771
Eagle Materials, Inc.	46,129		1,031,906
EnergySolutions, Inc.	72,139		721,390
FMC Technologies, Inc. *	28,326		1,318,575
Forward Air Corp.	52,957		1,442,019
Fuel Tech, Inc. * (a)	70,150		1,269,013
General Cable Corp. *	39,952		1,423,490
Greif, Inc., Class A	29,167		1,913,939
Hexcel Corp. *	68,080		932,015
Hub Group, Inc., Class A *	52,192		1,965,029
Knight Transportation, Inc.	84,792		1,438,920
Lindsay Corp.	19,964		1,452,381
Regal-Beloit Corp.	33,779		1,436,283
Texas Industries, Inc.	22,761		930,014
TransDigm Group, Inc. *	46,507		1,591,935
Varian, Inc. *	40,478		1,736,506
Wabtec Corp.	35,249		1,805,806
			30,294,141

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

329

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Growth Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Technology - 14.55%
ANSYS, Inc. *		42,664	$	1,615,686
Aspen Technology, Inc. *		120,626		1,531,950
Blackboard, Inc. *		55,278		2,227,151
Cogent, Inc. *		118,743		1,213,553
Diodes, Inc. *		60,515		1,116,502
Eclipsys Corp. *		87,402		1,831,072
Hittite Microwave Corp. *		37,799		1,270,046
JDA Software Group, Inc. *		54,437		827,987
Lawson Software, Inc. * (a)		162,821		1,139,747
Manhattan Associates, Inc. *		63,575		1,420,265
Microsemi Corp. *		57,510		1,465,355
Omniture, Inc. *		27,165		498,749
Power Integrations, Inc. *		49,450		1,191,745
Quality Systems, Inc.		47,529		2,008,576
Silicon Laboratories, Inc. *		51,246		1,573,252
SRA International, Inc., Class A *		57,025		1,290,476
Syntel, Inc.		42,240		1,034,880
THQ, Inc. *		69,774		840,079
Varian Semiconductor Equipment Associates,
Inc. *		56,648		1,422,998
				25,520,069
Utilities - 1.70%
ITC Holdings Corp.		28,284		1,464,263
Pike Electric Corp. *		103,560		1,525,439
				2,989,702
TOTAL COMMON STOCKS (Cost $191,763,193)			$	169,925,445
SHORT TERM INVESTMENTS - 6.55%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	11,493,003	$	11,493,003
TOTAL SHORT TERM INVESTMENTS
(Cost $11,493,003)			$	11,493,003
REPURCHASE AGREEMENTS - 3.34%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$5,866,204 on 10/01/2008,
collateralized by $5,455,000
Federal National Mortgage
Association, 5.625% due
07/15/2037 (valued at $5,987,626,
including interest)	$	5,866,000	$	5,866,000
TOTAL REPURCHASE AGREEMENTS
(Cost $5,866,000)			$	5,866,000
Total Investments (Small Company Growth Trust)
(Cost $209,122,196) - 106.75%			$	187,284,448
Liabilities in Excess of Other Assets - (6.75)%				(11,841,554)
TOTAL NET ASSETS - 100.00%			$	175,442,894

Small Company Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 97.31%
Basic Materials - 8.36%
Airgas, Inc.	169,700	$	8,425,605
AMCOL International Corp.	95,500		2,985,330
American Vanguard Corp. (a)	240,700		3,629,756
Arch Chemicals, Inc.	176,500		6,230,450
Carpenter Technology Corp.	153,700		3,942,405
Deltic Timber Corp.	108,400		6,898,576
Gibraltar Industries, Inc.	237,100		4,436,141
Hecla Mining Company *	561,000		2,625,480
Innospec, Inc.	242,500		2,924,550
Potlatch Corp.	160,500		7,445,595
Symyx Technologies, Inc. *	223,200		2,211,912
Wausau-Mosinee Paper Corp.	344,900		3,493,837
			55,249,637
Communications - 2.91%
Ixia *	358,800		2,644,356
Lee Enterprises, Inc. (a)	164,900		577,150
Newport Corp. *	170,600		1,839,068
Premiere Global Services, Inc. *	433,500		6,095,010
Saga Communications, Inc., Class A *	230,400		1,313,280
Sonus Networks, Inc. *	655,500		1,887,840
Websense, Inc. *	217,100		4,852,185
			19,208,889
Consumer, Cyclical - 10.58%
Accuride Corp. *	244,500		391,200
Alaska Air Group, Inc. *	182,300		3,717,097
Beacon Roofing Supply, Inc. *	542,900		8,480,098
Casey's General Stores, Inc.	151,800		4,579,806
Culp, Inc. *	125,500		742,960
Fred's, Inc., Class A	238,500		3,391,470
G & K Services Inc., Class A	156,200		5,162,410
Haverty Furniture Companies, Inc.	288,600		3,301,584
M/I Homes, Inc.	141,600		3,225,648
Marinemax, Inc. * (a)	175,200		1,266,696
Meritage Homes Corp. * (a)	228,300		5,639,010
Owens & Minor, Inc.	261,100		12,663,350
Pool Corp. (a)	203,300		4,742,989
Stanley Furniture Company, Inc.	161,000		1,469,930
Stein Mart, Inc.	424,900		1,661,359
The Men's Wearhouse, Inc.	176,000		3,738,240
The Steak & Shake Company * (a)	192,500		1,670,900
Winnebago Industries, Inc. (a)	313,900		4,055,588
			69,900,335
Consumer, Non-cyclical - 15.14%
Aaron Rents, Inc., Class B	458,100		12,400,767
Alliance One International, Inc. *	567,100		2,154,980
AngioDynamics, Inc. *	141,800		2,240,440
Compass Diversified Trust	212,200		2,958,068
Corinthian Colleges, Inc. *	293,600		4,404,000
CSS Industries, Inc.	134,400		3,459,456
Dollar Thrifty Automotive Group, Inc. *	185,200		357,436
Electro Rent Corp.	293,000		3,934,990
Exelixis, Inc. *	274,400		1,668,352
FTI Consulting, Inc. *	174,800		12,627,552
Landauer, Inc.	64,500		4,692,375
Live Nation, Inc. *	79,200		1,288,584

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

330

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
McGrath Rentcorp	268,900	$	7,749,698
MPS Group, Inc. *	583,800		5,884,704
Myriad Genetics, Inc. *	101,780		6,603,487
Nash Finch Company	99,000		4,268,880
National Healthcare Corp.	113,052		5,327,010
Navigant Consulting Company *	327,600		6,515,964
StarTek, Inc. *	248,288		1,594,009
Triple-S Management Corp. *	75,600		1,231,524
West Pharmaceutical Services, Inc.	159,820		7,802,412
Winn-Dixie Stores, Inc. *	66,800		928,520
			100,093,208
Energy - 7.10%
Atwood Oceanics, Inc. *	74,600		2,715,440
Carbo Ceramics, Inc.	78,800		4,066,868
Forest Oil Corp. *	129,800		6,438,080
GeoMet, Inc. *	149,000		810,560
Hercules Offshore, Inc. *	110,117		1,669,374
Mariner Energy, Inc. *	147,204		3,017,682
Penn Virginia Corp.	272,800		14,578,432
TETRA Technologies, Inc. *	396,600		5,492,910
Union Drilling, Inc. *	75,400		798,486
Whiting Petroleum Corp. *	103,200		7,354,032
			46,941,864
Financial - 18.99%
Ares Capital Corp.	451,200		4,706,016
Cedar Shopping Centers, Inc., REIT	293,900		3,885,358
East West Bancorp, Inc. (a)	372,770		5,106,949
Employers Holdings, Inc.	92,600		1,609,388
First Financial Fund, Inc. *	330,000		2,517,900
First Potomac Realty Trust, REIT	233,500		4,013,865
Glacier Bancorp, Inc.	253,200		6,271,764
Hatteras Financial Corp., REIT	156,900		3,640,080
Hercules Technology Growth Capital, Inc.	308,500		2,992,450
Home Bancshares, Inc. (a)	179,820		4,651,943
JMP Group, Inc.	186,400		969,280
Kilroy Realty Corp., REIT	164,100		7,842,339
Kohlberg Capital Corp.	331,934		2,851,313
LaSalle Hotel Properties, REIT	184,400		4,300,208
Markel Corp. *	11,800		4,147,700
Max Re Capital, Ltd.	242,100		5,623,983
National Interstate Corp.	183,800		4,416,714
Parkway Properties, Inc., REIT	102,800		3,892,008
Piper Jaffray Companies, Inc. *	69,700		3,014,525
ProAssurance Corp. *	214,000		11,984,000
Redwood Trust, Inc., REIT (a)	132,600		2,881,398
Signature Bank *	96,700		3,372,896
Stifel Financial Corp. *	122,050		6,090,295
Strategic Hotel & Resorts, Inc., REIT	256,400		1,935,820
SVB Financial Group * (a)	196,200		11,363,904
Universal American Financial Corp. *	151,800		1,850,442
Washington Real Estate Investment Trust	143,400		5,252,742
Wintrust Financial Corp.	146,900		4,311,515
			125,496,795
Funds - 0.71%
iShares Russell 2000 Value Index Fund (a)	70,000		4,706,800

Small Company Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial - 23.80%
Advanced Energy Industries, Inc. *	284,600	$	3,893,328
Ameron International Corp.	78,400		5,617,360
Analogic Corp.	49,700		2,473,072
AptarGroup, Inc.	246,400		9,636,704
Astec Industries, Inc. *	67,600		2,084,108
Belden, Inc.	189,800		6,033,742
C & D Technologies, Inc. * (a)	212,600		1,207,568
Cascade Corp.	90,800		3,977,948
Casella Waste Systems, Inc., Class A *	78,600		922,764
Chesapeake Corp. *	64,200		43,014
Circor International, Inc.	108,100		4,694,783
Comfort Systems USA, Inc.	150,700		2,013,352
Drew Industries, Inc. *	241,400		4,130,354
Franklin Electric, Inc. (a)	48,500		2,160,675
Genesee & Wyoming, Inc., Class A *	239,000		8,967,280
IDEX Corp.	230,150		7,139,253
Insituform Technologies, Inc., Class A *	293,300		4,387,768
Kirby Corp. *	237,900		9,025,926
Kratos Defense & Security Solutions, Inc. *	603,700		1,189,289
Landstar Systems, Inc.	321,000		14,143,260
Littelfuse, Inc. *	138,000		4,102,740
Matthews International Corp., Class A	213,900		10,853,286
Methode Electronics, Inc.	78,300		700,002
Myers Industries, Inc.	363,800		4,587,518
Nordson Corp.	164,100		8,058,951
Sims Group, Ltd.	299,600		6,920,760
Sterling Construction Company, Inc. *	98,100		1,589,220
Universal Forest Products, Inc.	129,100		4,506,881
UTI Worldwide, Inc.	306,200		5,211,524
Waste Connections, Inc. *	192,600		6,606,180
Woodward Governor Company	296,000		10,439,920
			157,318,530
Technology - 5.84%
ATMI, Inc. *	101,500		1,824,970
Brooks Automation, Inc. *	341,862		2,857,966
Cabot Microelectronics Corp. *	55,200		1,770,816
Exar Corp. *	318,900		2,442,774
FormFactor, Inc. *	171,600		2,989,272
GSI Group, Inc. *	455,800		1,608,974
Palm, Inc. * (a)	475,700		2,839,929
Progress Software Corp. *	236,868		6,156,200
SPSS, Inc. *	176,200		5,173,232
SYNNEX Corp. *	145,300		3,246,002
Wind River Systems, Inc. *	563,500		5,635,000
Xyratex, Ltd. *	186,700		2,077,971
			38,623,106
Utilities - 3.88%
Black Hills Corp.	164,100		5,098,587
Cleco Corp.	228,800		5,777,200
El Paso Electric Company *	216,200		4,540,200
Empire District Electric Company	128,500		2,743,475
Southwest Gas Corp.	152,500		4,614,650

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

331

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Small Company Value Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
Vectren Corp.		104,100	$	2,899,185
				25,673,297
TOTAL COMMON STOCKS (Cost $571,029,298)			$	643,212,461
PREFERRED STOCKS - 0.38%
Financial - 0.38%
East West Bancorp., Inc., Series A, 8.00%		2,683		2,515,771
TOTAL PREFERRED STOCKS (Cost $2,645,580)			$	2,515,771
SHORT TERM INVESTMENTS - 7.72%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	43,664,974	$	43,664,974
T. Rowe Price Reserve Investment Fund,
2.7528%		7,324,478		7,324,478
TOTAL SHORT TERM INVESTMENTS
(Cost $50,989,452)			$	50,989,452
REPURCHASE AGREEMENTS - 0.07%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$455,016 on 10/1/2008,
collateralized by $435,000 Federal
National Mortgage Association,
6.00% due 04/18/2036 (valued at
$466,337, including interest)	$	455,000	$	455,000
TOTAL REPURCHASE AGREEMENTS
(Cost $455,000)			$	455,000
Total Investments (Small Company Value Trust)
(Cost $625,119,330) - 105.48%			$	697,172,684
Liabilities in Excess of Other Assets - (5.48)%				(36,205,654)
TOTAL NET ASSETS - 100.00%			$	660,967,030
Spectrum Income Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 16.46%
Basic Materials - 1.11%
Alcoa, Inc.		51,100	$	1,153,838
E.I. Du Pont de Nemours & Company		43,900		1,769,170
Eli Lilly & Company		56,100		2,470,083
Freeport-McMoRan Copper & Gold, Inc.,
Class B		3,625		206,081
International Flavors & Fragrances, Inc.		40,300		1,590,238
International Paper Company		100,465		2,630,174
MeadWestvaco Corp.		49,260		1,148,251
Nucor Corp.		21,100		833,450
				11,801,285
Communications - 1.85%
Alcatel-Lucent, SADR *		142,300		546,432
AT&T, Inc.		117,965		3,293,583
Cablevision Systems Corp., Class A		36,500		918,340

Spectrum Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
CBS Corp., Class B	58,800	$	857,304
Crown Castle International Corp. *	8,975		260,006
eBay, Inc. *	39,500		884,010
Gannett Company, Inc.	60,900		1,029,819
McGraw-Hill Companies, Inc.	53,900		1,703,779
Motorola, Inc.	90,700		647,598
Qwest Communications International, Inc. (a)	218,200		704,786
Sirius XM Radio, Inc. * (a)	48,300		27,531
Sprint Nextel Corp.	168,975		1,030,747
The New York Times Company, Class A	72,100		1,030,309
Time Warner, Inc.	147,100		1,928,481
Verizon Communications, Inc.	52,900		1,697,561
Walt Disney Company	58,800		1,804,572
WPP Group PLC	27,900		225,671
Yahoo!, Inc. *	66,400		1,148,720
			19,739,249
Consumer, Cyclical - 1.39%
Bed Bath & Beyond, Inc. *	58,521		1,838,145
D.R. Horton, Inc.	60,900		792,918
Ford Motor Company *	84,100		437,320
Genuine Parts Company	26,700		1,073,607
Harley-Davidson, Inc.	31,900		1,189,870
Harman International Industries, Inc.	18,100		616,667
Home Depot, Inc.	95,600		2,475,084
Lakes Gaming, Inc. *	23,275		153,149
Macy's, Inc.	24,300		436,914
Mattel, Inc.	65,300		1,178,012
MGM Mirage, Inc. * (a)	49,000		1,396,500
Newell Rubbermaid, Inc.	70,800		1,222,008
Southwest Airlines Company	20,900		303,259
Whirlpool Corp.	21,300		1,688,877
			14,802,330
Consumer, Non-cyclical - 2.75%
Abbott Laboratories	19,700		1,134,326
Amgen, Inc. *	39,200		2,323,384
Avery Dennison Corp.	33,700		1,498,976
B&G Foods, Inc.	16,525		221,435
Bristol-Myers Squibb Company	65,500		1,365,675
Colgate-Palmolive Company	10,100		761,035
Fortune Brands, Inc.	34,300		1,967,448
General Mills, Inc.	26,700		1,834,824
H & R Block, Inc.	66,100		1,503,775
Hershey Company	65,400		2,585,916
Johnson & Johnson	30,100		2,085,328
Kimberly-Clark Corp.	21,300		1,381,092
Kraft Foods, Inc., Class A	48,100		1,575,275
McCormick & Company, Inc.	18,600		715,170
Merck & Company, Inc.	58,800		1,855,728
Pfizer, Inc.	114,370		2,108,983
Procter & Gamble Company	21,800		1,519,242
UST, Inc.	105		6,986
WellPoint, Inc. *	18,800		879,276
Whole Foods Market, Inc. (a)	19,400		388,582
Wyeth	44,100		1,629,054
			29,341,510

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

332

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy - 1.99%
Anadarko Petroleum Corp.	29,400	$	1,426,194
BJ Services Company	37,700		721,201
BP PLC, SADR	29,400		1,474,998
Chevron Corp.	54,900		4,528,152
Duke Energy Corp.	75,720		1,319,800
Exxon Mobil Corp.	56,800		4,411,088
Murphy Oil Corp.	25,300		1,622,742
Royal Dutch Shell PLC, ADR	48,800		2,879,688
Schlumberger, Ltd.	9,600		749,664
Spectra Energy Corp.	41,000		975,800
Sunoco, Inc.	30,500		1,085,190
Williams Companies, Inc.	230		5,439
			21,199,956
Financial - 3.90%
Allied Irish Banks PLC - London Exchange	76,753		626,193
American Express Company	44,100		1,562,463
American International Group, Inc.	59,000		196,470
Bank of America Corp.	71,101		2,488,535
Bank of New York Mellon Corp.	62,700		2,042,766
Capital One Financial Corp.	34,100		1,739,100
Chubb Corp.	14,200		779,580
Citigroup, Inc.	53,100		1,089,081
Federal National Mortgage Association	78,300		119,799
Fifth Third Bancorp	71,167		846,887
Goldman Sachs Group, Inc.	6,400		819,200
Hartford Financial Services Group, Inc.	2,300		94,277
JPMorgan Chase & Company	140,000		6,538,000
KeyCorp	64,300		767,742
Legg Mason, Inc.	31,900		1,214,114
Lincoln National Corp.	38,900		1,665,309
Marsh & McLennan Companies, Inc.	100,900		3,204,584
Merrill Lynch & Company, Inc.	68,100		1,722,930
Merrill Lynch & Company, Inc.	39,734		904,739
National City Corp. (a)	143,600		251,300
Progressive Corp.	47,600		828,240
Royal Bank of Scotland Group PLC	79,158		255,357
SLM Corp. *	89,000		1,098,260
SunTrust Banks, Inc.	49,000		2,204,510
The Travelers Companies, Inc.	23,700		1,071,240
U.S. Bancorp	83,300		3,000,466
UBS AG *	47,112		805,258
Weingarten Realty Investors, REIT	1,265		45,123
Wells Fargo & Company	98,000		3,677,940
			41,659,463
Industrial - 1.93%
3M Company	36,800		2,513,808
Black & Decker Corp.	9,500		577,125
Boeing Company	16,400		940,540
Cooper Industries, Ltd., Class A	22,600		902,870
Eastman Kodak Company	63,800		981,244
General Cable Corp. *	6,850		244,065
General Electric Company	217,500		5,546,250
Honeywell International, Inc.	30,300		1,258,965
Illinois Tool Works, Inc.	44,100		1,960,245
Masco Corp.	80,500		1,444,170

Spectrum Income Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Tyco Electronics, Ltd.	12,600	$	348,516
United Parcel Service, Inc., Class B	23,500		1,477,915
USG Corp. *	28,500		729,600
Vulcan Materials Company	22,900		1,706,050
			20,631,363
Technology - 0.74%
Analog Devices, Inc.	50,600		1,333,310
Applied Materials, Inc.	39,300		594,609
Computer Sciences Corp. *	28,100		1,129,339
Dell, Inc. *	76,300		1,257,424
Intel Corp.	47,200		884,056
Microsoft Corp.	100,500		2,682,345
			7,881,083
Utilities - 0.80%
Entergy Corp.	12,300		1,094,823
FirstEnergy Corp.	19,200		1,286,208
NiSource, Inc.	90,300		1,332,828
PG&E Corp.	26,100		977,445
Pinnacle West Capital Corp.	21,800		750,138
Progress Energy, Inc.	32,250		1,390,943
Teco Energy, Inc.	23,500		369,655
Xcel Energy, Inc.	67,988		1,359,080
			8,561,120
TOTAL COMMON STOCKS (Cost $206,333,577)		$	175,617,359
PREFERRED STOCKS - 0.18%
Communications - 0.06%
Lucent Technologies Capital Trust I, 7.75%	1,450		565,500
Spanish Broadcasting System, Series
B, 10.75%	281		98,350
			663,850
Financial - 0.12%
Bank of America Corp., Series L, 7.25%	575		481,850
Citigroup, Inc., Series T, 6.50%	17,375		712,375
Federal Home Loan Mortgage Corp.,
Series Z, 8.375%	8,000		12,320
Federal National Mortgage Association,
Series 08-1, 8.75%	29,000		70,760
Federal National Mortgage Association,
Series S, 8.25%	6,575		14,333
			1,291,638
TOTAL PREFERRED STOCKS (Cost $4,537,559)		$	1,955,488
TERM LOANS - 1.84%
Basic Materials - 0.04%
Domtar Corp.
3.7794% due 03/07/2014 (b)	240,250		221,404
Georgia-Pacific Corp.
4.7274% due 12/20/2012 (b)	239,806		213,073
			434,477
Communications - 0.52%
Alltel Communications, Inc.
1.00% due 05/15/2015 (b)	1,246,859		1,211,536

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

333

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Communications (continued)
Alltel Communications, Inc., B1
1.00% due 05/15/2015 (b)	$	250,000	$	242,917
Clear Channel Communications, Inc.
1.00% due 11/13/2015 (b)		750,000		625,312
CSC Holdings, Inc., Tranche A 1
8.125% due 07/15/2009		500,000		476,250
Fairpoint Communications, Inc.
1.00% due 03/31/2014 (b)		750,000		625,313
12.50% due 05/01/2010 (b)		250,000		214,375
Mediacom Broadband LLC
1.00% due 01/31/2015 (b)		500,000		440,000
Nielsen Finance LLC
4.7344% due 08/09/2013 (b)		498,732		438,674
Penton Media Bank, Series B1
7.61% due 02/01/2013 (b)		246,875		180,219
Trilogy International Partners
8.86% due 06/27/2012 (b)		500,000		390,000
Univision Communications, Inc.
5.65% due 09/29/2014 (b)		250,000		166,590
Wind Acquisition Finance SA, Series B
3.40% due 12/07/2011 (b)		600,522		558,486
				5,569,672
Consumer, Cyclical - 0.28%
Aramark Corp., Tranche B
7.485% due 01/26/2017 (b)		440,892		386,552
Fontainebleau Las Vegas
zero coupon due 05/31/2014 (b)		250,000		250,000
Ford Motor Company
5.46% due 12/15/2013 (b)		1,250,000		996,875
General Motors Corp.
5.194% due 11/29/2013 (b)		250,000		186,250
Goodyear Tire & Rubber Company
4.54% due 04/30/2014 (b)		250,000		212,500
Pinnacle Foods Finance LLC
9.25% due 04/01/2015 (b)		748,111		644,311
Rental Service Corp., Series B3
8.86% due 11/27/2013 (b)		397,920		314,357
				2,990,845
Consumer, Non-cyclical - 0.50%
Community Health Systems, Inc.
1.00% due 07/25/2014 (b)		250,000		237,220
Dresser, Inc.
8.56% due 06/30/2009 (b)		1,250,000		1,147,912
HCA, Inc.
4.45% due 11/18/2012 (b)		750,000		667,717
7.08% due 11/18/2012 (b)		973,226		868,001
Healthsouth Corp.
10.00% due 06/10/2013 (b)		238,445		217,317
Hertz Corp.
4.302% due 12/21/2008 (b)		250,000		225,095
Iasis Healthcare Corp.
10.605% due 06/16/2011 (b)		549,731		467,271
Laureate Education, Inc.
7.00% due 08/17/2014 (b)		495,101		438,783
William Wrigley Jr. Company, Tranche B Bankdebt
4.30% due 07/15/2010		1,000,000		1,005,000
				5,274,316

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Energy - 0.12%
Calpine Corp.
5.725% due 03/29/2014 (b)	$	997,494	$	855,351
Venoco, Inc., 2nd Lien
9.356% due 05/08/2014 (b)		500,000		465,000
				1,320,351
Financial - 0.08%
Celanese Holdings LLC
1.00% due 03/30/2014 (b)		249,369		229,279
HUB International Holdings, Inc.
1.00% due 06/13/2014 (b)		249,396		216,663
Nuveen Investments, Inc.
1.00% due 11/09/2014 (b)		249,375		218,827
Town Sports
7.125% due 03/01/2014 (b)		246,875		195,031
				859,800
Technology - 0.16%
First Data Corp.
3.34% due 09/24/2014 (b)		992,500		856,339
Infor Global Solutions
1.00% due 03/15/2014 (b)		500,000		237,500
Palm, Inc.
8.3775% due 04/24/2014 (b)		992,500		595,500
				1,689,339
Utilities - 0.14%
Mirant North America LLC
4.1313% due 01/03/2013 (b)		249,209		232,544
NRG Energy, Inc.
5.25% due 06/23/2010 (b)		250,000		221,813
Texas Competitive Electric LLC
1.00% due 10/10/2014 (b)		1,246,866		1,063,988
				1,518,345
TOTAL TERM LOANS (Cost $21,139,010)			$	19,657,145
U.S. TREASURY OBLIGATIONS - 5.21%
Treasury Inflation-Protected
Securities (d) - 0.63%
1.375% due 07/15/2018		2,758,748		2,548,179
2.00% due 04/15/2012 to 01/15/2016		4,134,068		4,123,476
				6,671,655
U.S. Treasury Bonds - 2.57%
4.50% due 02/15/2036		317,000		325,371
4.75% due 02/15/2037		5,625,000		6,016,995
5.375% due 02/15/2031		3,500,000		3,977,148
5.50% due 08/15/2028		2,579,000		2,937,440
6.00% due 02/15/2026		3,285,000		3,897,856
6.375% due 08/15/2027		670,000		835,196
7.25% due 08/15/2022		2,365,000		3,073,762
7.625% due 02/15/2025		1,264,000		1,742,838
7.875% due 02/15/2021		2,181,000		2,931,912
8.875% due 02/15/2019		1,194,000		1,671,321
				27,409,839
U.S. Treasury Notes - 1.95%
2.875% due 01/31/2013		8,405,000		8,426,668
4.00% due 08/15/2018		500,000		507,110
4.25% due 11/15/2014		4,985,000		5,305,521

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

334

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
U.S. Treasury Notes (continued)
4.50% due 02/15/2009 to 05/15/2017	$	1,425,000	$	1,449,929
4.75% due 08/15/2017		4,375,000		4,689,794
4.875% due 06/30/2012		425,000		458,801
				20,837,823
U.S. Treasury Strips - 0.06%
zero coupon due 05/15/2020		1,070,000		633,871
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $54,452,007)			$	55,553,188
U.S. GOVERNMENT AGENCY OBLIGATIONS - 28.54%
Federal Home Loan Bank - 0.14%
5.125% due 08/14/2013		930,000		968,019
5.25% due 06/18/2014		510,000		534,266
				1,502,285
Federal Home Loan Mortgage Corp. - 3.37%
4.125% due 10/18/2010		1,850,000		1,888,855
4.452% due 07/01/2035 (b)		43,039		43,100
4.50% due 11/01/2018 to 04/01/2023		3,396,138		3,312,118
4.636% due 07/01/2035 (b)		117,518		117,180
4.692% due 02/01/2035 (b)		184,068		184,454
5.00% due 01/01/2009 to 12/01/2035		7,679,605		7,498,552
5.053% due 03/01/2036 (b)		582,567		578,957
5.068% due 11/01/2035 (b)		185,001		183,927
5.125% due 07/15/2012		2,180,000		2,280,025
5.136% due 01/01/2036 (b)		1,421,084		1,427,920
5.15% due 09/01/2035 (b)		174,714		174,084
5.323% due 02/01/2037 (b)		1,376,567		1,382,216
5.346% due 04/01/2037 (b)		615,369		617,259
5.361% due 05/01/2037 (b)		144,460		144,996
5.372% due 01/01/2036 (b)		88,275		88,283
5.378% due 02/01/2037 (b)		577,095		579,849
5.413% due 02/01/2038 (b)		467,649		467,869
5.454% due 02/01/2037 (b)		921,126		927,610
5.491% due 06/01/2037 (b)		826,732		832,574
5.50% due 03/01/2018 to 09/01/2038		2,323,560		2,331,298
5.51% due 10/01/2036 (b)		609,389		614,979
5.913% due 02/01/2037 (b)		1,114,726		1,127,376
5.945% due 01/01/2037 (b)		242,909		246,027
5.977% due 12/01/2036 (b)		615,416		610,802
5.99% due 11/01/2036 (b)		605,666		601,427
6.00% due 06/15/2011 to 10/01/2036		3,531,995		3,653,494
6.027% due 10/01/2036 (b)		931,153		924,546
6.122% due 10/01/2036 (b)		678,962		676,075
6.205% due 08/01/2036 (b)		908,034		906,836
6.365% due 09/01/2032 (b)		5,896		5,871
6.50% due 05/01/2017 to 01/01/2036		1,423,138		1,470,084
7.00% due 02/01/2024 to 06/01/2032		36,704		38,571
7.50% due 05/01/2024 to 06/01/2024		4,497		4,795
10.50% due 05/01/2019		226		253
				35,942,262
Federal National Mortgage
Association - 9.74%
4.05% due 10/01/2033		108,531		109,302
4.178% due 07/01/2027		1,388		1,387
4.375% due 09/15/2012 to 10/15/2015		1,185,000		1,188,825
4.50% due 05/01/2019 to 07/01/2035		6,698,886		6,524,222

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
4.573% due 07/01/2035 (b)	$	143,105	$	142,909
4.625% due 10/15/2014		660,000		671,772
4.785% due 09/01/2035 (b)		536,162		531,286
4.824% due 04/01/2038 to 05/01/2038 (b)		1,008,780		984,692
4.855% due 05/01/2038 (b)		734,946		726,765
4.875% due 12/15/2016		350,000		355,031
4.875% due 11/01/2035 to 05/01/2038 (b)		671,434		668,269
5.00% due 01/01/2009 to 02/01/2036		17,357,556		17,184,822
5.311% due 12/01/2035 (b)		167,626		168,084
5.33% due 12/01/2035		203,094		203,804
5.426% due 09/01/2037 (b)		469,319		472,168
5.463% due 06/01/2037 (b)		162,389		163,725
5.487% due 01/01/2019 (b)		888		902
5.50% due 07/01/2013 to 08/01/2037		32,485,335		32,526,346
5.538% due 12/01/2035 to 01/01/2037 (b)		1,763,939		1,784,227
5.62% due 10/01/2035		3,300,116		3,219,547
5.655% due 12/01/2035 (b)		82,425		82,945
5.792% due 11/01/2037 (b)		770,837		778,696
5.80% due 08/01/2037 (b)		528,345		534,736
5.98% due 08/01/2036 to 09/01/2036 (b)		1,082,520		1,095,232
6.00% due 05/15/2011 to 09/01/2038		21,230,851		21,626,923
6.043% due 12/01/2036		494,515		502,858
6.1618% due 02/17/2009 (b)		220,000		220,000
6.375% due 06/15/2009		750,000		765,241
6.50% due 06/01/2013 to 11/01/2037		8,449,216		8,695,430
7.00% due 12/01/2029 to 04/01/2037		130,186		136,024
7.125% due 06/15/2010 to 01/15/2030		1,670,000		1,855,440
				103,921,610
Government National Mortgage
Association - 14.73%
4.00% due 09/15/2018		432,421		411,340
4.50% due 10/15/2018 to 05/20/2036		3,558,040		3,375,930
5.00% due 01/15/2019 to 06/15/2038		29,345,091		28,869,225
5.50% due 02/15/2029 to 09/20/2038		50,356,603		50,440,492
5.50% TBA **		9,777,000		9,769,533
6.00% due 11/15/2008 to 09/20/2038		38,033,518		38,664,466
6.00% TBA **		8,428,244		8,552,350
6.50% due 07/15/2009 to 09/15/2038		13,715,996		14,180,889
6.50% TBA **		1,699		1,781
7.00% due 04/15/2017 to 10/20/2036		2,749,166		2,875,281
9.25% due 10/15/2016 to 12/15/2019		6,053		6,677
9.50% due 06/15/2009 to 10/15/2009		1,362		1,398
9.75% due 07/15/2017 to 02/15/2021		5,469		6,241
10.25% due 05/15/2020 to 11/15/2020		3,808		4,455
11.75% due 08/15/2013		1,218		1,387
12.00% due 10/15/2010 to 01/15/2013		1,169		1,307
12.25% due 03/15/2014 to 07/20/2015		1,604		1,885
12.50% due 06/15/2010		2,430		2,592
12.75% due 12/20/2013 to 11/20/2014		1,284		1,510
				157,168,739
Mortgage Securities - 0.56%
4.616% due 06/01/2038 (b)		272,697		271,231
4.766% due 07/01/2038 (b)		522,185		511,865
6.00% due 08/01/2038		2,733,439		2,769,652
4.899% due 08/01/2038 (b)		522,799		524,457
6.00% due 10/01/2037 to 09/01/2038		329,991		334,642

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

335

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Mortgage Securities (continued)
5.00% TBA **	$	1,425,000	$	1,397,391
6.00% due 10/20/2037		138,898		140,971
				5,950,209
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $301,259,732)			$	304,485,105
FOREIGN GOVERNMENT OBLIGATIONS - 12.58%
Argentina - 0.09%
Republic of Argentina
3.127% due 08/03/2012 (b)		250,000		90,375
7.00% due 10/03/2015		1,100,000		632,500
7.00% due 04/17/2017		65,000		40,950
7.875% due 04/11/2011		250,000		221,277
				985,102
Austria - 0.01%
Republic of Austria
6.25% due 07/15/2027	EUR	47,000		77,971
Belgium - 0.23%
Kingdom of Belgium
3.00% due 03/28/2010		930,000		1,293,753
4.25% due 09/28/2013		93,000		130,568
5.00% due 03/28/2035		740,000		1,052,138
				2,476,459
Brazil - 1.30%
Banco Nacional de Desenvolvimento Economico e
Social
6.369% due 06/16/2018	$	275,000		241,515
Federative Republic of Brazil
6.00% due 01/17/2017		350,000		339,500
6.00% due 05/15/2015	BRL	345,000		283,899
7.125% due 01/20/2037	$	2,150,000		2,209,125
8.75% due 02/04/2025		475,000		558,125
8.875% due 10/14/2019		450,000		527,625
10.00% due 01/01/2012	BRL	2,449,000		1,182,611
10.00% due 01/01/2014		5,336,000		2,418,403
10.00% due 01/01/2010		2,657,000		1,362,322
10.00% due 01/01/2017		10,920,000		4,719,404
				13,842,529
Canada - 0.18%
Government of Canada
5.75% due 06/01/2033	CAD	510,000		588,274
Province of Ontario
5.00% due 03/08/2014		1,329,000		1,302,664
				1,890,938
Colombia - 0.07%
Republic of Colombia
7.375% due 01/27/2017	$	250,000		261,875
7.375% due 09/18/2037		200,000		200,200
7.375% due 09/18/2037		250,000		256,875
12.00% due 10/22/2015	COP	40,000,000		19,132
				738,082
Denmark - 0.05%
Kingdom of Denmark
5.00% due 11/15/2013	DKK	2,438,000		477,251

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Denmark (continued)
Kingdom of Denmark (continued)
7.00% due 11/10/2024	DKK	351,000	$	82,927
				560,178
Ecuador - 0.03%
Republic of Ecuador
10.00% due 08/15/2030	$	425,000		308,125
Egypt - 0.01%
Republic of Egypt
zero coupon due 10/21/2008	EGP	625,000		113,753
France - 1.13%
Government of France
3.75% due 01/12/2012	EUR	965,000		1,354,995
4.25% due 10/25/2017		5,360,000		7,509,794
5.50% due 04/25/2029		359,000		552,605
5.75% due 10/25/2032		1,640,000		2,621,957
				12,039,351
Gabon - 0.04%
Republic of Gabon
8.20% due 12/12/2017	$	500,000		463,705
Germany - 0.74%
Federal Republic of Germany
3.50% due 04/12/2013	EUR	98,000		136,281
3.50% due 10/14/2011		38,000		53,277
3.75% due 01/04/2017		100,000		138,412
4.00% due 01/04/2037		1,225,000		1,560,585
4.25% due 07/04/2017		50,000		71,692
4.25% due 01/04/2014		169,000		243,014
4.50% due 01/04/2013		350,000		506,078
4.75% due 07/04/2028		97,000		138,604
4.75% due 07/04/2034		280,000		399,565
5.00% due 01/04/2012		1,070,000		1,565,952
5.25% due 01/04/2011		2,069,000		3,027,501
				7,840,961
Ghana - 0.06%
Republic of Ghana
8.50% due 10/04/2017	$	700,000		628,250
Greece - 0.11%
Republic of Greece
5.25% due 05/18/2012	EUR	830,000		1,200,000
Grenada - 0.01%
Government of Grenada
1.00 due 09/15/2025	$	230,000		146,441
Hungary - 0.50%
Republic of Hungary
5.50% due 02/12/2014	HUF	206,990,000		1,034,429
6.75% due 02/24/2017		374,410,000		1,966,476
7.25% due 06/12/2012		434,100,000		2,353,078
				5,353,983
Indonesia - 0.22%
Republic of Indonesia
6.625% due 02/17/2037	$	600,000		469,500
6.75% due 03/10/2014		100,000		95,500
6.875% due 03/09/2017		358,000		333,835

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

336

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Indonesia (continued)
Republic of Indonesia (continued)
6.875% due 01/17/2018	$	700,000	$	643,840
7.75% due 01/17/2038		100,000		90,349
7.75% due 01/17/2038		300,000		270,000
9.00% due 09/15/2018	IDR	1,830,000,000		149,218
10.00% due 07/15/2017		1,790,000,000		159,004
10.00% due 02/15/2028		2,100,000,000		169,740
				2,380,986
Iraq - 0.15%
Republic of Iraq
5.80% due 01/15/2028	$	2,500,000		1,600,000
Ireland - 0.01%
Republic of Ireland
4.00% due 04/18/2010	EUR	92,000		129,235
Italy - 0.80%
Republic of Italy
4.00% due 02/01/2037		1,470,000		1,698,618
4.25% due 08/01/2014		1,542,000		2,149,467
5.25% due 09/20/2016	$	450,000		474,683
5.25% due 08/01/2017	EUR	1,210,000		1,771,065
5.50% due 11/01/2010		1,600,000		2,316,361
7.25% due 11/01/2026		73,000		128,114
				8,538,308
Jamaica - 0.08%
Government of Jamaica
9.00% due 06/02/2015	$	185,000		190,550
10.625% due 06/20/2017		585,000		649,350
				839,900
Japan - 3.16%
Government of Japan
1.00% due 12/20/2012	JPY	177,050,000		1,665,032
1.00% due 06/10/2016		112,860,000		1,006,619
1.10% due 12/10/2016		339,734,600		3,039,420
1.10% due 09/10/2016		212,368,000		1,901,138
1.30% due 12/20/2013		660,500,000		6,286,522
1.30% due 03/20/2015		124,000,000		1,176,673
1.40% due 03/21/2011		83,750,000		798,537
1.40% due 03/20/2012		187,400,000		1,790,029
1.40% due 03/20/2018		216,850,000		2,038,294
1.40% due 03/10/2018		142,974,000		1,299,275
1.50% due 06/20/2012		565,700,000		5,424,321
1.70% due 09/20/2016		253,900,000		2,468,546
2.00% due 06/20/2022		61,100,000		586,055
2.00% due 12/20/2033		176,200,000		1,564,650
2.20% due 06/22/2020		50,000,000		499,134
2.30% due 06/20/2028		16,650,000		161,384
3.75% due 03/20/2025		211,600,000		1,963,142
				33,668,771
Lebanon - 0.03%
Government of Lebanon
8.25% due 04/12/2021	$	50,000		47,623
8.50% due 08/06/2015		300,000		293,319
				340,942

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Malaysia - 0.04%
Government of Malaysia
3.702% due 02/25/2013	MYR	405,000	$	116,026
3.70% due 05/15/2013		1,060,000		303,050
				419,076
Mexico - 1.14%
Government of Mexico
5.625% due 01/15/2017	$	280,000		273,420
5.625% due 01/15/2017		250,000		243,750
7.50% due 06/03/2027	MXN	7,500,000		621,046
7.75% due 12/14/2017		41,980,000		3,673,850
8.00% due 12/24/2008		5,530,000		505,191
8.00% due 12/17/2015		40,170,000		3,591,113
8.00% due 12/19/2013		11,250,000		1,011,838
8.125% due 12/30/2019	$	55,000		63,717
9.00% due 12/20/2012	MXN	5,315,000		497,389
9.00% due 12/24/2009		7,050,000		650,948
9.50% due 12/18/2014		2,470,000		237,756
10.00% due 11/20/2036		7,800,000		825,453
				12,195,471
Netherlands - 0.52%
Kingdom of Netherlands
4.50% due 07/15/2017	EUR	863,000		1,232,973
5.00% due 07/15/2011		2,831,000		4,114,732
5.50% due 01/15/2028		132,000		203,543
				5,551,248
Pakistan - 0.01%
Republic of Pakistan
6.875% due 06/01/2017	$	200,000		94,500
Panama - 0.01%
Republic of Panama
6.70% due 01/26/2036		135,000		127,575
Philippines - 0.07%
Republic of Philippines
7.75% due 01/14/2031		375,000		393,750
7.75% due 01/14/2031		100,000		106,000
10.625% due 03/16/2025		155,000		206,344
				706,094
Poland - 0.05%
Republic of Poland
5.25% due 10/25/2017	PLN	348,000		138,477
6.25% due 10/24/2015		865,000		365,186
				503,663
Portugal - 0.02%
Republic of Portugal
5.15% due 06/15/2011	EUR	114,000		164,334
Russia - 0.18%
Government of Russia
7.50% due 03/31/2030	$	1,825,205		1,868,554
Serbia - 0.12%
Republic of Serbia
3.75 due 11/01/2024		1,550,000		1,302,000

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

337

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
South Africa - 0.11%
Republic of South Africa
5.875% due 05/30/2022	$	300,000	$	259,500
6.50% due 06/02/2014		575,000		563,500
8.00% due 12/21/2018	ZAR	940,000		107,038
13.50% due 09/15/2015		1,950,000		291,099
				1,221,137
Spain - 0.08%
Kingdom of Spain
5.75% due 07/30/2032	EUR	563,000		873,261
Sri Lanka - 0.01%
Republic of Sri Lanka
8.25% due 10/24/2012	$	100,000		89,008
Sweden - 0.17%
Kingdom of Sweden
3.75% due 08/12/2017	SEK	1,660,000		238,410
5.125% due 03/01/2017	$	425,000		440,251
5.25% due 03/15/2011	SEK	7,545,000		1,125,789
				1,804,450
Turkey - 0.42%
Republic of Turkey
6.875% due 03/17/2036	$	800,000		704,000
7.00% due 06/05/2020		428,000		401,785
7.00% due 03/11/2019		200,000		189,538
7.375% due 02/05/2025		35,000		33,600
8.00% due 02/14/2034		250,000		249,375
8.00% due 02/14/2034		188,000		188,470
10.00% due 02/15/2012	TRY	900,000		659,315
14.00% due 01/19/2011		646,129		460,612
14.00% due 09/26/2012		1,165,000		794,714
16.00% due 03/07/2012		1,160,000		850,240
				4,531,649
United Kingdom - 0.54%
Government of United Kingdom
4.25% due 06/07/2032	GBP	2,145,000		3,598,218
4.50% due 03/07/2013		100,000		179,660
4.75% due 06/07/2010		1,000,000		1,798,811
5.8553% due 09/07/2015		105,000		191,487
				5,768,176
Venezuela - 0.05%
Republic of Venezuela
7.00% due 03/31/2038	$	950,000		536,750
Vietnam - 0.03%
Socialist Republic of Vietnam
6.875% due 01/15/2016		349,000		332,873
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $138,762,735)			$	134,253,789
CORPORATE BONDS - 27.38%
Basic Materials - 1.56%
Air Products & Chemicals, Inc.
4.15% due 02/01/2013		165,000		158,168
ArcelorMittal
5.375% due 06/01/2013 (g)		1,020,000		963,592

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Basic Materials (continued)
Barrick Gold Financeco LLC
6.125% due 09/15/2013	$	1,015,000	$	997,488
Bayer AG, EMTN
5.625% due 05/23/2018	GBP	100,000		165,593
BHP Billiton Finance, Ltd.
5.40% due 03/29/2017	$	178,000		164,451
Boise Cascade LLC
7.125% due 10/15/2014		316,000		216,460
Celulosa Arauco y Constitucion SA
5.125% due 07/09/2013		70,000		68,688
8.625% due 08/15/2010		180,000		189,230
Domtar Corp.
5.375% due 12/01/2013		150,000		126,750
7.125% due 08/15/2015		475,000		437,000
9.50% due 08/01/2016		50,000		49,000
E.I. Du Pont de Nemours & Company
5.60% due 12/15/2036		285,000		241,366
Evraz Group SA
8.25% due 11/10/2015		100,000		73,500
8.875% due 04/24/2013		135,000		113,400
Freeport-McMoRan Copper & Gold, Inc.
8.25% due 04/01/2015		525,000		515,813
8.375% due 04/01/2017		3,185,000		3,137,225
Georgia-Pacific Corp.
7.00% due 01/15/2015 (g)		525,000		477,750
7.125% due 01/15/2017 (g)		450,000		401,625
8.125% due 05/15/2011		300,000		297,000
Gerdau Ameristeel Corp.
10.375% due 07/15/2011		150,000		154,875
Gibraltar Industries, Inc., Series B
8.00% due 12/01/2015		1,075,000		897,625
GTL Trade Finance, Inc.
7.25% due 10/20/2017		125,000		120,581
International Paper Company
7.40% due 06/15/2014		675,000		676,035
Linde Finance BV
6.50% due 01/29/2016	GBP	70,000		120,487
Lubrizol Corp.
4.625% due 10/01/2009	$	330,000		328,430
5.875% due 12/01/2008		180,000		180,105
Metals USA Holdings Corp., PIK
8.7913% due 07/01/2012		75,000		60,000
Nalco Company
7.75% due 11/15/2011		300,000		294,000
NewPage Corp.
10.00% due 05/01/2012		350,000		313,250
Novelis, Inc.
7.25% due 02/15/2015		275,000		239,250
Placer Dome, Inc.
6.45% due 10/15/2035		340,000		292,020
Polyone Corp.
8.875% due 05/01/2012		350,000		332,500
Praxair, Inc.
4.625% due 03/30/2015		455,000		423,312
Rio Tinto Finance USA, Ltd.
5.875% due 07/15/2013		480,000		470,549
Rock-Tenn Company
8.20% due 08/15/2011		250,000		256,250
9.25% due 03/15/2016 (g)		250,000		253,750

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

338

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Basic Materials (continued)
Ryerson, Inc.
12.00% due 11/01/2015 (g)	$	450,000	$	382,500
Steel Capital SA for OAO Severstal
9.75% due 07/29/2013		100,000		82,000
Steel Dynamics, Inc.
6.75% due 04/01/2015		140,000		120,400
Terra Capital, Inc., Series B
7.00% due 02/01/2017		425,000		403,750
Tube City IMS Corp.
9.75% due 02/01/2015		475,000		422,750
Usiminas Commercial, Ltd.
7.25% due 01/18/2018		230,000		216,200
Vale Overseas, Ltd.
6.25% due 01/23/2017		555,000		518,614
6.875% due 11/21/2036		250,000		222,527
Weyerhaeuser Company
7.375% due 03/15/2032		85,000		74,532
				16,650,391
Communications - 4.62%
Affinity Group, Inc.
9.00% due 02/15/2012		325,000		240,500
10.875% due 02/15/2012		123,587		97,634
Allbritton Communications Company
7.75% due 12/15/2012		750,000		641,250
Alltel Corp.
6.50% due 11/01/2013		250,000		241,250
7.00% due 07/01/2012		1,225,000		1,197,437
America Movil SAB de CV
5.625% due 11/15/2017		395,000		370,054
6.375% due 03/01/2035		473,000		418,644
8.46% due 12/18/2036	MXN	1,000,000		80,534
American Tower Corp.
7.125% due 10/15/2012	$	60,000		59,100
7.50% due 05/01/2012		100,000		98,500
AT&T Broadband Corp.
8.375% due 03/15/2013		431,000		452,028
AT&T Corp.
7.30 due 11/15/2011 (b)		165,000		171,351
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		465,000		489,524
AT&T, Inc.
3.0143% due 11/14/2008 (b)		85,000		84,789
4.375% due 03/15/2013	EUR	100,000		128,135
4.95% due 01/15/2013	$	450,000		431,100
5.30% due 11/15/2010		175,000		177,667
Barrington Broadcasting Group LLC
10.50% due 08/15/2014		200,000		128,000
Bonten Media Acquisition Company
9.00% due 06/01/2015 (g)		125,000		73,750
British Sky Broadcasting Group PLC
6.10% due 02/15/2018		490,000		469,577
British Telecommunications PLC
5.15% due 01/15/2013		725,000		676,623
8.00% due 12/07/2016	GBP	150,000		283,492
British Telecommunications PLC, EMTN
5.25% due 06/23/2014	EUR	100,000		126,850
Broadview Networks Holdings, Inc.
11.375% due 09/01/2012	$	450,000		346,500

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
BSKYB Finance UK PLC
5.75% due 10/20/2017	GBP	115,000	$	181,217
Canadian Satellite Radio Holdings, Inc.
12.75% due 02/15/2014	$	225,000		139,500
CanWest Media, Inc.
8.00% due 09/15/2012		375,000		313,125
Centennial Communications Corp.
8.5413% due 01/01/2013 (b)		100,000		91,000
10.00% due 01/01/2013		700,000		670,250
Cisco Systems, Inc.
5.25% due 02/22/2011		250,000		255,208
Citizens Communications Company
7.125% due 03/15/2019		425,000		337,875
Clear Channel Communications, Inc.
4.25% due 05/15/2009		125,000		117,500
4.50% due 01/15/2010		50,000		44,000
6.25% due 03/15/2011		1,075,000		693,375
7.65% due 09/15/2010		375,000		337,500
Comcast Cable Communications, Inc.
6.75% due 01/30/2011		225,000		228,217
Comcast Corp.
5.70% due 05/15/2018		360,000		314,225
COX Communications, Inc.
6.25% due 06/01/2018		465,000		432,128
7.125% due 10/01/2012		199,000		202,754
Cricket Communications, Inc.
9.375% due 11/01/2014		1,025,000		953,250
10.00% due 07/15/2015 (g)		100,000		95,500
CSC Holdings, Inc.
7.625% due 07/15/2018		75,000		65,250
CSC Holdings, Inc., Series B
7.625% due 04/01/2011		200,000		192,000
8.125% due 07/15/2009		350,000		346,500
Deutsche Telekom International Finance BV, EMTN
4.50% due 10/25/2013	EUR	100,000		131,516
Deutsche Telekom International Finance BV
8.50% due 06/15/2010	$	535,000		555,373
Digicel Group, Ltd.
8.875% due 01/15/2015 (g)		1,550,000		1,302,000
8.875% due 01/15/2015		145,000		121,800
DirecTV Holdings LLC
7.625% due 05/15/2016		325,000		294,125
8.375% due 03/15/2013		775,000		765,312
EchoStar DBS Corp.
5.75% due 10/01/2008		15,000		15,000
6.375% due 10/01/2011		425,000		391,000
6.625% due 10/01/2014		1,025,000		822,562
7.75% due 05/31/2015		575,000		487,312
Fairpoint Communications, Inc.
13.125% due 04/01/2018 (g)		275,000		250,250
France Telecom SA
7.75% due 03/01/2011		546,000		573,022
France Telecom SA, EMTN
7.25% due 01/28/2013	EUR	210,000		313,298
GC Impsat Holdings I PLC
9.875% due 02/15/2017	$	50,000		45,000
GCI, Inc.
7.25% due 02/15/2014		475,000		413,250

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

339

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Grupo Televisa SA
6.00% due 05/15/2018	$	150,000	$	141,566
Historic TW, Inc.
6.875% due 06/15/2018		405,000		360,198
Intelsat Corp.
9.25% due 06/15/2016		625,000		575,000
iPCS, Inc.
4.9256% due 05/01/2013 (b)		425,000		346,375
6.0506% due 05/01/2014 (b)		475,000		370,500
ITV PLC, EMTN
4.75% due 10/03/2011	EUR	60,000		79,242
Kabel Deutschland GmbH
10.625% due 07/01/2014	$	375,000		367,500
KONINKLIJKE KPN NV, EMTN
5.75% due 03/18/2016	GBP	105,000		173,258
KONINKLIJKE KPN NV, MTN, Series G
4.75% due 01/17/2017	EUR	50,000		61,014
Lamar Media Corp.
6.625% due 08/15/2015	$	800,000		662,000
Lamar Media Corp., Series C
6.625% due 08/15/2015		250,000		206,875
Level 3 Communications, Inc.
6.00% due 09/15/2009		87,000		85,369
6.00% due 03/15/2010		88,000		78,320
12.25% due 03/15/2013		400,000		354,000
Lucent Technologies, Inc.
6.50% due 01/15/2028		825,000		503,250
Mediacom Broadband LLC
8.50% due 10/15/2015		550,000		453,750
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		1,425,000		1,332,375
News America, Inc.
6.15% due 03/01/2037		705,000		574,806
6.20% due 12/15/2034		190,000		151,485
6.40% due 12/15/2035		450,000		378,014
7.375% due 10/17/2008		110,000		110,086
Nexstar Finance Holdings LLC
11.375 due 04/01/2013		415,468		344,838
Nielsen Finance LLC
10.00% due 08/01/2014		250,000		237,500
Nordic Telephone Company Holdings
8.25% due 05/01/2016 (g)	EUR	100,000		116,847
8.875% due 05/01/2016 (g)	$	875,000		796,250
Nortel Networks, Ltd.
7.0406% due 07/15/2011 (b)		675,000		450,562
Orascom Telecom Finance SCA
7.875% due 02/08/2014		145,000		126,875
OTE PLC, GMTN
4.625% due 05/20/2016	EUR	100,000		122,549
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014	$	200,000		173,000
Qwest Corp.
6.0687% due 06/15/2013 (b)		125,000		106,250
7.50% due 10/01/2014		175,000		151,375
7.875% due 09/01/2011		100,000		96,000
8.875% due 03/15/2012		100,000		98,000
R.H. Donnelley Corp.
8.875% due 10/15/2017		275,000		93,500

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
R.H. Donnelley Corp., Series A-2
6.875% due 01/15/2013	$	600,000	$	234,000
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		125,000		42,500
Rogers Cable, Inc.
5.50% due 03/15/2014		140,000		129,331
6.25% due 06/15/2013		350,000		350,017
Rogers Communications, Inc.
6.80% due 08/15/2018		390,000		368,952
7.50% due 03/15/2015		160,000		162,638
Rogers Wireless, Inc.
6.375% due 03/01/2014		405,000		387,335
7.625% due 12/15/2011	CAD	37,000		36,927
Royal KPN NV, EMTN
4.50% due 03/18/2013	EUR	80,000		103,405
SBC Communications, Inc.
5.625% due 06/15/2016	$	550,000		509,360
6.45% due 06/15/2034		385,000		330,345
Shaw Communications, Inc.
8.25% due 04/11/2010		100,000		99,500
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012		1,100,000		1,061,500
Sprint Capital Corp.
6.90% due 05/01/2019		1,440,000		1,116,000
7.625% due 01/30/2011		525,000		477,750
8.375% due 03/15/2012		625,000		562,500
Sprint Nextel Corp.
4.1687% due 06/28/2010 (b)		145,000		135,045
6.00% due 12/01/2016		1,325,000		1,020,250
Sun Media Corp.
7.625% due 02/15/2013		225,000		207,000
Telecom Italia Capital SA
4.00% due 01/15/2010		130,000		126,229
5.25% due 11/15/2013		335,000		297,209
Telecom Italia Finance SA, EMTN
6.875% due 01/24/2013	EUR	100,000		138,400
7.5 due 04/20/2011		70,000		101,073
Telefonaktiebolaget LM Ericsson, EMTN
5.375% due 06/27/2017		80,000		97,490
Telefonica Emisiones SAU
5.855% due 02/04/2013	$	50,000		48,108
5.984% due 06/20/2011		180,000		178,027
6.221% due 07/03/2017		305,000		280,713
Telefonica Emisiones SAU, EMTN
4.674% due 02/07/2014	EUR	50,000		66,386
Telefonos de Mexico SA de CV
4.50% due 11/19/2008	$	105,000		104,749
Telesat Canada
11.00% due 11/01/2015		550,000		440,000
TELUS Corp.
5.95% due 04/15/2015	CAD	37,000		34,829
Thomson Reuters Corp.
5.20% due 12/01/2014		42,000		38,190
5.95% due 07/15/2013	$	200,000		199,764
6.50% due 07/15/2018		355,000		339,509
Time Warner Cable, Inc.
5.40% due 07/02/2012		825,000		784,753
7.30% due 07/01/2038		1,200,000		1,067,472

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

340

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Time Warner, Inc.
5.50% due 11/15/2011	$	275,000	$	264,003
TL Acquisitions, Inc.
zero coupon due 07/15/2015 (b)(g)		375,000		251,250
10.50% due 01/15/2015 (g)		225,000		177,750
Univision Communications, Inc.
7.85% due 07/15/2011		100,000		78,000
9.75% due 03/15/2015 (g)		1,050,000		488,250
Valor Telecommunications Enterprise LLC
7.75% due 02/15/2015		200,000		190,578
Verizon Communications, Inc.
4.35% due 02/15/2013		725,000		676,265
5.25% due 04/15/2013		325,000		313,248
6.90% due 04/15/2038		280,000		248,198
Verizon Global Funding Corp.
6.875% due 06/15/2012		50,000		50,886
7.25% due 12/01/2010		95,000		98,856
7.75% due 12/01/2030		320,000		302,299
Viacom, Inc.
5.75% due 04/30/2011		85,000		82,577
6.125% due 10/05/2017		150,000		136,076
6.25% due 04/30/2016		295,000		265,680
Videotron Ltee.
6.375% due 12/15/2015		150,000		132,000
6.875% due 01/15/2014		485,000		458,325
9.125% due 04/15/2018 (g)		50,000		50,500
VIP Finance Ireland, Ltd.
8.375% due 04/30/2013		140,000		111,304
9.125% due 04/30/2018		200,000		191,046
Vivendi
5.75% due 04/04/2013		435,000		425,313
Vodafone Group PLC
5.625% due 02/27/2017		275,000		244,447
West Corp.
9.50% due 10/15/2014		450,000		344,250
Wind Acquisition Finance SA
10.75% due 12/01/2015 (g)		450,000		441,000
Windstream Corp.
8.125% due 08/01/2013		25,000		23,750
8.625% due 08/01/2016		700,000		645,750
Windstream Regatta Holdings, Inc.
11.00% due 12/01/2017 (g)		475,000		266,000
XM Satellite Radio Holdings, Inc.
13.00% due 08/01/2013 (g)		625,000		368,750
				49,257,619
Consumer, Cyclical - 2.46%
ACE Hardware Corp.
9.125% due 06/01/2016 (g)		975,000		833,625
Air Jamaica, Ltd.
9.375% due 07/08/2015		50,000		50,467
Allison Transmission, Inc.
11.25% due 11/01/2015 (g)		1,075,000		881,500
AmeriGas Partners LP
7.125% due 05/20/2016		25,000		22,375
7.25% due 05/20/2015		825,000		750,750
Centex Corp.
4.55% due 11/01/2010		370,000		327,450
5.45% due 08/15/2012		55,000		45,650

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
Centex Corp. (continued)
5.80% due 09/15/2009	$	75,000	$	70,875
7.875% due 02/01/2011		25,000		23,625
Commercial Vehicle Group, Inc.
8.00% due 07/01/2013		400,000		332,000
Cooper-Standard Automotive, Inc.
8.375% due 12/15/2014		475,000		299,250
Costco Wholesale Corp.
5.30% due 03/15/2012		175,000		179,038
Couche-Tard US LP
7.50% due 12/15/2013		650,000		598,000
CVS Caremark Corp.
4.3169% due 09/10/2010 (b)		540,000		538,443
D.R. Horton, Inc.
4.875% due 01/15/2010		465,000		432,450
6.50% due 04/15/2016		50,000		38,000
DaimlerChrysler N.A. Holding Corp., EMTN
4.375% due 03/21/2013	EUR	100,000		130,680
DaimlerChrysler N.A. Holding Corp., MTN
3.2413% due 08/03/2009 (b)	$	660,000		657,041
DaimlerChrysler NA Holding Corp.
6.50% due 11/15/2013		355,000		346,438
Delta Air Lines, Inc.
6.821% due 08/10/2022		121,542		100,880
Dollar General Corp., PIK
11.875% due 07/15/2017		375,000		346,875
Federated Retail Holdings, Inc.
5.35% due 03/15/2012		185,000		170,365
Ferrellgas Escrow LLC
6.75% due 05/01/2014		275,000		224,125
Fiat Finance & Trade, Ltd.
6.625% due 02/15/2013	EUR	55,000		70,460
Fiat Finance North America, Inc., EMTN
5.625% due 06/12/2017		50,000		54,904
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015 (g)	$	250,000		70,000
Gaylord Entertainment Company
6.75% due 11/15/2014		625,000		525,000
8.00% due 11/15/2013		300,000		261,000
General Motors Corp.
7.125% due 07/15/2013		325,000		149,500
Goodyear Tire & Rubber Company
8.625% due 12/01/2011		388,000		384,120
GSC Holdings Corp.
8.00% due 10/01/2012		925,000		929,625
Harrah's Operating Company, Inc.
5.375% due 12/15/2013		300,000		96,000
5.50% due 07/01/2010		1,560,900		1,170,675
10.75% due 02/01/2016 (g)		500,000		255,000
Hasbro, Inc.
6.30% due 09/15/2017		180,000		173,681
Home Depot, Inc.
3.75% due 09/15/2009		100,000		97,668
5.20% due 03/01/2011		165,000		160,732
5.40% due 03/01/2016		220,000		187,070
Interface, Inc.
10.375% due 02/01/2010		275,000		280,500
International Speedway Corp.
4.20% due 04/15/2009		80,000		79,455

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

341

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
INVISTA
9.25% due 05/01/2012 (g)	$	350,000	$	343,875
Isle of Capri Casinos, Inc.
7.00% due 03/01/2014		600,000		402,000
JC Penney Company, Inc.
9.00% due 08/01/2012		370,000		391,385
K Hovnanian Enterprises, Inc.
11.50% due 05/01/2013 (g)		400,000		392,000
Lennar Corp.
7.625% due 03/01/2009		125,000		120,625
Lennar Corp., Series B
5.60% due 05/31/2015		390,000		253,500
5.95% due 10/17/2011		25,000		20,250
Leslie's Poolmart
7.75% due 02/01/2013		275,000		232,375
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014 (g)		50,000		34,000
Lottomatica SpA
4.80% due 12/22/2008	EUR	30,000		41,601
McDonald's Corp.
5.30% due 03/15/2017	$	205,000		198,089
MDC Holdings, Inc., MTN
5.375% due 12/15/2014		55,000		51,199
MGM Mirage, Inc.
8.375% due 02/01/2011		625,000		510,937
8.50% due 09/15/2010		850,000		782,000
Mobile Services Group, Inc.
9.75% due 08/01/2014		550,000		511,500
Nebraska Book Company, Inc.
8.625% due 03/15/2012		675,000		506,250
Neiman Marcus Group, Inc.
9.00% due 10/15/2015		675,000		565,313
10.375% due 10/15/2015		275,000		230,312
NVR, Inc.
5.00% due 06/15/2010		100,000		96,804
O'Charleys, Inc.
9.00% due 11/01/2013		225,000		190,125
Penn National Gaming, Inc.
6.75% due 03/01/2015		450,000		396,000
Pinnacle Entertainment, Inc.
7.50% due 06/15/2015		525,000		388,500
8.25% due 03/15/2012		525,000		507,281
Pokagon Gaming Authority
10.375% due 06/15/2014 (g)		650,000		658,125
Polo Ralph Lauren Corp.
4.50% due 10/04/2013	EUR	50,000		64,342
Pulte Homes, Inc.
5.20% due 02/15/2015	$	310,000		248,000
Royal Caribbean Cruises, Ltd.
7.00% due 06/15/2013		100,000		86,000
Ryland Group, Inc.
5.375% due 01/15/2015		25,000		18,625
Sears Roebuck Acceptance
6.75% due 08/15/2011		175,000		162,675
7.00% due 02/01/2011		225,000		221,095
Shingle Springs Tribal Gaming Authority
9.375% due 06/15/2015 (g)		550,000		396,000
Simmons Bedding Company
7.875% due 01/15/2014		225,000		168,750

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
Southwest Airlines Company
6.50% due 03/01/2012	$	160,000	$	158,404
Speedway Motorsports, Inc.
6.75% due 06/01/2013		380,000		357,200
Target Corp.
5.875% due 07/15/2016		415,000		408,062
7.50% due 08/15/2010		150,000		159,964
The Pantry, Inc.
7.75% due 02/15/2014		575,000		444,187
Toll Brothers, Inc.
8.25% due 02/01/2011		50,000		48,250
Toll Corp.
8.25% due 12/01/2011		100,000		96,000
TRW Automotive, Inc.
7.00% due 03/15/2014 (g)		125,000		103,125
7.25% due 03/15/2017 (g)		750,000		592,500
United Components, Inc.
9.375% due 06/15/2013		250,000		207,500
Walgreen Company
4.875% due 08/01/2013		405,000		404,875
Wal-Mart Stores, Inc.
4.75% due 01/29/2013	GBP	200,000		350,549
6.875% due 08/10/2009	$	310,000		318,390
Whirlpool Corp.
6.125% due 06/15/2011		135,000		138,163
Wynn Las Vegas LLC
6.625% due 12/01/2014		1,125,000		959,063
				26,281,057
Consumer, Non-cyclical - 2.72%
Ahold Finance USA, Inc., EMTN
6.50% due 03/14/2017	GBP	100,000		168,650
Aramark Corp.
5.00% due 06/01/2012	$	400,000		336,000
6.3006% due 02/01/2015 (b)		300,000		262,500
AstraZeneca PLC
5.40% due 06/01/2014		50,000		50,567
AstraZeneca PLC, EMTN
5.125% due 01/15/2015	EUR	55,000		75,653
Aventis SA, EMTN
4.25% due 09/15/2010		54,000		74,831
B&G Foods, Inc.
8.00% due 10/01/2011	$	475,000		456,000
BAT International Finance PLC, EMTN
5.375% due 06/29/2017	EUR	80,000		101,370
Bausch & Lomb, Inc.
9.875% due 11/01/2015 (g)	$	700,000		665,000
Biogen Idec, Inc.
6.00% due 03/01/2013		440,000		434,457
Biomet, Inc.
11.625% due 10/15/2017		525,000		527,625
Boston Scientific Corp.
6.00% due 06/15/2011		850,000		803,250
Bunge, Ltd.
4.375% due 12/15/2008		305,000		304,543
5.90% due 04/01/2017		455,000		392,860
Cardinal Health, Inc.
3.0531% due 10/02/2009 (b)		250,000		245,793

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

342

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
Casino Guichard Perrachon SA, EMTN
4.875% due 04/10/2014	EUR	50,000	$	62,725
Centene Corp.
7.25% due 04/01/2014	$	400,000		375,000
Community Health Systems, Inc.
8.875% due 07/15/2015		1,025,000		973,750
CRC Health Corp.
10.75% due 02/01/2016		100,000		77,000
DaVita, Inc.
6.625% due 03/15/2013		525,000		498,750
7.25% due 03/15/2015		825,000		783,750
Del Monte Corp.
8.625% due 12/15/2012		575,000		569,250
Delhaize Group
5.625% due 06/27/2014	EUR	50,000		64,224
6.50% due 06/15/2017	$	105,000		99,451
Deluxe Corp.
7.375% due 06/01/2015		650,000		552,500
Education Management Corp.
8.75% due 06/01/2014		325,000		271,375
10.25% due 06/01/2016		100,000		80,000
Eli Lilly & Company
5.55% due 03/15/2037		205,000		187,422
ERAC USA Finance Company
5.60% due 05/01/2015 (g)		205,000		169,116
7.95% due 12/15/2009 (g)		360,000		363,271
Fortune Brands, Inc.
5.125% due 01/15/2011		70,000		70,332
FTI Consulting, Inc.
7.625% due 06/15/2013		350,000		356,563
7.75% due 10/01/2016		250,000		254,063
Genentech, Inc.
4.40% due 07/15/2010		360,000		362,999
4.75% due 07/15/2015		140,000		130,039
General Mills, Inc.
5.25% due 08/15/2013		460,000		456,456
General Mills, Inc., MTN
6.378% due 10/15/2008		225,000		224,934
GlaxoSmithKline Capital PLC, EMTN
5.125% due 12/13/2012	EUR	50,000		69,404
5.625% due 12/13/2017		100,000		140,183
HCA, Inc.
9.25% due 11/15/2016	$	2,275,000		2,212,438
9.625% due 11/15/2016		175,000		166,250
Health Management Associates, Inc.
3.70% due 08/16/2020		1,197,319		1,021,912
6.125% due 04/15/2016		1,300,000		1,040,000
Healthsouth Corp.
10.75% due 06/15/2016		450,000		454,500
Hertz Corp.
8.875% due 01/01/2014		700,000		603,750
10.50% due 01/01/2016		275,000		229,625
Highmark, Inc.
6.80% due 08/15/2013 (g)		185,000		202,092
Hospira, Inc.
4.95% due 06/15/2009		80,000		79,622
Imperial Tobacco Finance PLC, EMTN
4.375% due 11/22/2013	EUR	100,000		122,987
6.875% due 06/13/2012	GBP	47,000		81,859

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
iPayment, Inc.
9.75% due 05/15/2014	$	425,000	$	340,000
Johnson & Johnson
4.75% due 11/06/2019	EUR	50,000		67,669
Kellogg Company
4.25% due 03/06/2013	$	820,000		791,099
Kraft Foods, Inc., EMTN
6.25% due 03/20/2015	EUR	50,000		68,405
Kroger Company
6.15% due 01/15/2020	$	140,000		128,351
Mac-Gray Corp.
7.625% due 08/15/2015		525,000		501,375
Manpower, Inc., EMTN
4.75% due 06/14/2013	EUR	50,000		64,889
McCormick & Company, Inc.
5.80% due 07/15/2011	$	120,000		127,852
McCormick & Company, Inc., MTN
3.35% due 04/15/2009		95,000		94,179
Medtronic, Inc., Series B
4.375% due 09/15/2010		125,000		127,573
4.75% due 09/15/2015		360,000		351,700
Merck KGAA
4.75% due 11/26/2010	EUR	50,000		69,346
Molson Coors Capital Finance ULC
5.00% due 09/22/2015	CAD	47,000		42,193
Omnicare, Inc.
6.75% due 12/15/2013	$	300,000		272,250
6.875% due 12/15/2015		700,000		623,000
Panamerican Beverages, Inc.
7.25% due 07/01/2009		30,000		30,698
PepsiAmericas, Inc.
4.875% due 01/15/2015		45,000		43,001
Procter & Gamble Company
4.95% due 08/15/2014		370,000		373,901
Rentokil Initial PLC, EMTN
4.625% due 03/27/2014	EUR	50,000		56,503
Reynolds American, Inc.
6.50% due 07/15/2010	$	50,000		51,986
7.25% due 06/01/2013		525,000		539,492
SABMiller PLC
6.20% due 07/01/2011 (g)		330,000		338,353
Safeway, Inc.
4.125% due 11/01/2008		55,000		54,906
Sunstate Equipment Company LLC
10.50% due 04/01/2013 (g)		475,000		361,000
Symbion, Inc.
11.00% due 08/23/2015		282,180		211,635
SYSCO Corp
5.25% due 02/12/2018		115,000		112,716
Tesco PLC, EMTN
5.50% due 12/13/2019	GBP	110,000		183,467
Teva Pharmaceutical Finance LLC
5.55% due 02/01/2016	$	320,000		297,441
The Kroger Company
8.05% due 02/01/2010		500,000		513,508
U.S. Oncology Holdings, Inc., PIK
8.3343% due 03/15/2012		388,634		297,305
United Rentals North America, Inc.
6.50% due 02/15/2012		500,000		417,500

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

343

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
United Surgical Partners International, Inc.
8.875% due 05/01/2017	$	475,000	$	399,000
Universal Hospital Services, Inc.
6.3025% due 06/01/2015 (b)		200,000		176,000
8.50% due 06/01/2015		100,000		93,250
US Oncology, Inc.
9.00% due 08/15/2012		125,000		125,000
10.75% due 08/15/2014		200,000		201,000
Valassis Communications, Inc.
8.25% due 03/01/2015		700,000		483,000
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014		575,000		554,875
Visant Holding Corp.
zero coupon, Step up to 10.25% on
12/01/2008 due 12/01/2013		525,000		475,125
WellPoint, Inc.
4.25% due 12/15/2009		35,000		34,311
5.00% due 01/15/2011		415,000		412,593
Wyeth
5.95% due 04/01/2037		205,000		184,843
				28,998,981
Diversified - 0.03%
Hutchison Whampoa Finance, Ltd.
5.875% due 07/08/2013	EUR	58,000		76,059
JSG Funding PLC
7.75% due 04/01/2015	$	250,000		208,125
				284,184
Energy - 3.39%
Amerada Hess Corp.
7.375% due 10/01/2009		65,000		65,880
Atlantic Richfield Corp.
9.125% due 03/01/2011		95,000		106,262
Baker Hughes, Inc.
6.00% due 02/15/2009		295,000		296,833
Boardwalk Pipelines LLC
5.50% due 02/01/2017		320,000		291,377
Buckeye Partners LP
6.05% due 01/15/2018		145,000		138,256
Canadian Natural Resources, Ltd.
5.15% due 02/01/2013		275,000		256,102
6.25% due 03/15/2038		240,000		185,095
6.45% due 06/30/2033		65,000		52,165
Canadian Natural Resources, Ltd., MTN
4.50% due 01/23/2013	CAD	47,000		42,351
Chesapeake Energy Corp.
6.375% due 06/15/2015	$	25,000		22,312
6.50% due 08/15/2017		1,330,000		1,163,750
6.875% due 01/15/2016		25,000		22,812
6.875% due 11/15/2020		375,000		320,625
Cimarex Energy Company
7.125% due 05/01/2017		400,000		368,000
Compagnie Generale de Geophysique SA
7.50% due 05/15/2015		100,000		95,500
7.75% due 05/15/2017		1,775,000		1,686,250
Complete Production Services, Inc.
8.00% due 12/15/2016		625,000		593,750
Compton Petroleum Finance Corp.
7.625% due 12/01/2013		600,000		526,500

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Connacher Oil and Gas, Ltd.
10.25% due 12/15/2015	$	625,000	$	600,000
Conoco Funding Company
6.35% due 10/15/2011		75,000		77,672
ConocoPhillips Company
5.30% due 04/15/2012		480,000		486,237
Copano Energy LLC
8.125% due 03/01/2016		600,000		549,000
Denbury Resources, Inc.
7.50% due 04/01/2013		150,000		141,750
7.50% due 12/15/2015		300,000		276,000
Devon Financing Corp., ULC
6.875% due 09/30/2011		345,000		359,856
7.875% due 09/30/2031		405,000		411,264
Diamond Offshore Drilling, Inc.
4.875% due 07/01/2015		220,000		205,003
5.15% due 09/01/2014		375,000		361,745
Duke Capital Corp.
7.50% due 10/01/2009		110,000		111,135
Duke Capital Corp., Series B
6.75% due 07/15/2018		80,000		76,641
Dynegy Holdings, Inc.
7.50% due 06/01/2015		575,000		485,875
7.75% due 06/01/2019		1,075,000		860,000
El Paso Natural Gas Company
5.95% due 04/15/2017		98,000		86,712
Enbridge, Inc., MTN
7.20% due 06/18/2032	CAD	29,000		27,068
EnCana Corp.
4.60% due 08/15/2009	$	240,000		239,777
5.90% due 12/01/2017		380,000		339,142
6.50% due 08/15/2034		270,000		215,973
EnCana Corp., MTN
5.80% due 01/18/2018	CAD	32,000		28,945
Encore Acquisition Company
6.25% due 04/15/2014	$	300,000		247,500
7.25% due 12/01/2017		525,000		430,500
Energy Partners, Ltd.
9.75% due 04/15/2014		300,000		220,500
Enterprise Products Operating LP
4.95% due 06/01/2010		490,000		485,919
6.30% due 09/15/2017		220,000		205,169
EOG Resources, Inc.
5.875% due 09/15/2017		195,000		183,356
Ferrellgas Partners LP
8.75% due 06/15/2012		875,000		748,125
Forest Oil Corp.
7.25% due 06/15/2019		700,000		598,500
8.00% due 12/15/2011		400,000		400,000
Foundation PA Coal Company
7.25% due 08/01/2014		450,000		434,250
Gaz Capital for Gazprom
7.288% due 08/16/2037		540,000		357,955
8.625% due 04/28/2034		165,000		150,150
Gaz Capital for Gazprom, EMTN
4.56% due 12/09/2012	EUR	150,000		172,188
Gaz Capital SA
8.146% due 04/11/2018	$	450,000		395,239

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

344

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Hess Corp.
6.65% due 08/15/2011	$	350,000	$	349,994
7.875% due 10/01/2029		439,000		429,104
Hilcorp Energy I LP
7.75% due 11/01/2015 (g)		675,000		580,500
International Coal Group, Inc.
10.25% due 07/15/2014		500,000		446,250
Key Energy Services, Inc.
8.375% due 12/01/2014 (g)		225,000		216,000
Kinder Morgan Finance Company
5.70% due 01/05/2016		440,000		378,400
Kinder Morgan, Inc.
6.50% due 09/01/2012		139,000		131,007
Marathon Oil Corp.
5.90% due 03/15/2018		430,000		381,857
6.00% due 10/01/2017		240,000		215,592
6.60% due 10/01/2037		80,000		67,440
Newfield Exploration Company
6.625% due 09/01/2014		30,000		27,000
Northwest Pipeline Corp.
5.95% due 04/15/2017		60,000		55,548
Nustar Logistics
7.65% due 04/15/2018		185,000		185,983
OPTI Canada, Inc.
7.875% due 12/15/2014		615,000		544,275
8.25% due 12/15/2014		1,275,000		1,141,125
Peabody Energy Corp.
7.375% due 11/01/2016		375,000		360,000
Pemex Project Funding Master Trust
4.1188% due 06/15/2010 (b)(g)		195,000		191,841
5.75% due 03/01/2018		475,000		449,492
6.25% due 08/05/2013	EUR	150,000		205,120
Petrobras International Finance Company
5.875% due 03/01/2018	$	420,000		381,730
Petro-Canada
6.80% due 05/15/2038		125,000		99,029
PetroHawk Energy Corp.
7.875% due 06/01/2015 (g)		175,000		152,250
9.125% due 07/15/2013		650,000		611,000
Petroleos de Venezuela SA
5.25% due 04/12/2017		305,000		164,700
5.375% due 04/12/2027		745,000		331,525
Plains Exploration & Production Company
7.00% due 03/15/2017		625,000		543,750
7.625% due 06/01/2018		200,000		177,000
7.75% due 06/15/2015		200,000		184,000
Praxair, Inc.
5.20% due 03/15/2017		205,000		197,217
Premcor Refining Group, Inc.
6.75% due 02/01/2011		110,000		111,530
Quicksilver Resources, Inc.
7.75% due 08/26/2013		750,000		711,248
8.25% due 08/01/2015		575,000		526,125
Range Resources Corp.
6.375% due 03/15/2015		625,000		571,875
7.375% due 07/15/2013		100,000		96,500
7.50% due 10/01/2017		450,000		425,250
SandRidge Energy, Inc.
6.4163% due 04/01/2014 (b)		500,000		470,155

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
SandRidge Energy, Inc., PIK
8.625% due 04/01/2015 (g)	$	1,000,000	$	895,000
Southern Natural Gas Company
5.90% due 04/01/2017 (g)		98,000		86,729
Southwestern Energy Company
7.50% due 02/01/2018 (g)		425,000		412,250
Sunoco, Inc.
4.875% due 10/15/2014		25,000		23,653
5.75% due 01/15/2017		240,000		227,407
TEPPCO Partners LP
5.90% due 04/15/2013		330,000		327,024
7.55% due 04/15/2038		520,000		462,263
Texas Gas Transmission LLC
5.50% due 04/01/2013 (g)		1,220,000		1,190,195
Transocean, Inc.
5.25% due 03/15/2013		465,000		451,785
Valero Energy Corp.
3.50% due 04/01/2009		100,000		99,257
6.125% due 06/15/2017		520,000		486,726
Venoco, Inc.
8.75% due 12/15/2011		100,000		86,000
Williams Companies, Inc.
7.75% due 06/15/2031		400,000		373,828
8.125% due 03/15/2012		630,000		636,502
XTO Energy, Inc.
4.625% due 06/15/2013		570,000		534,712
5.65% due 04/01/2016		390,000		364,415
YPF SA, MTNC
10.00% due 11/02/2028		195,000		180,863
				36,152,987
Financial - 7.07%
AAC Group Holding Corp.
10.25 due 10/01/2012 (g)		125,000		122,500
ACE INA Holdings, Inc.
5.70% due 02/15/2017		255,000		233,303
Allstate Life Funding LLC, EMTN
6.375% due 01/17/2011	GBP	47,000		83,943
AMB Property LP, MTN
5.90% due 08/15/2013	$	40,000		37,897
6.30% due 06/01/2013		225,000		217,660
American Express Centurion Bank
4.375% due 07/30/2009		300,000		289,760
5.55% due 10/17/2012		115,000		106,225
American Express Credit Corp., EMTN
3.625% due 10/13/2009	EUR	53,000		66,230
American Express Credit Corp., MTN
5.875% due 05/02/2013	$	400,000		368,660
American Express Credit Corp., Series C
7.30% due 08/20/2013		195,000		188,083
American General Finance Corp., MTN
5.40% due 12/01/2015		220,000		108,606
American Honda Finance Corp.
4.50% due 05/26/2009 (g)		385,000		382,421
Arch Western Finance LLC
6.75% due 07/01/2013		450,000		423,000
ATF Bank
9.00% due 05/11/2016		150,000		98,982

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

345

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Australia & New Zealand Banking Group,
Ltd., EMTN
4.375% due 05/24/2012	EUR	100,000	$	131,854
4.45% due 02/05/2015 (b)		83,000		112,874
AvalonBay Communities, Inc., REIT, MTN
4.95% due 03/15/2013	$	55,000		50,815
6.125% due 11/01/2012		175,000		170,211
6.625% due 09/15/2011		255,000		255,466
BAC Capital Trust VI
5.625% due 03/08/2035		463,000		353,454
Banca Intesa SpA, EMTN
5.85% due 05/08/2014 (b)	EUR	65,000		91,279
Banca Monte dei Paschi di Siena SpA, EMTN
4.50% due 09/24/2015 (b)		70,000		95,039
4.875% due 05/31/2016		100,000		117,444
Bank Nederlandse Gemeenten, EMTN
4.625% due 09/13/2012		950,000		1,340,954
Bank of America Corp.
4.375% due 12/01/2010	$	200,000		191,839
4.50% due 08/01/2010		150,000		145,019
5.65% due 05/01/2018		1,220,000		1,027,596
5.75% due 08/15/2016		205,000		170,501
7.40% due 01/15/2011		50,000		48,980
Bank of America Corp., EMTN
4.00% due 03/28/2017 (b)	EUR	100,000		117,966
4.625% due 02/18/2014		110,000		139,473
5.25% due 11/09/2016	GBP	100,000		153,521
Bank of America Corp., MTN
4.75% due 05/23/2017 (b)	EUR	50,000		62,475
Bank of Ireland
6.45% due 02/10/2010		47,000		66,488
Bank of Montreal
5.20% due 06/21/2017 (b)	CAD	53,000		48,597
Bank of New York Mellon Corp., MTN
4.50% due 04/01/2013	$	365,000		341,727
Bank of Nova Scotia
8.30% due 09/27/2013	CAD	103,000		108,299
Bank One Corp.
5.25% due 01/30/2013	$	180,000		169,978
5.90% due 11/15/2011		50,000		48,806
7.875% due 08/01/2010		350,000		358,885
Banque du Liban, EMTN
10.00% due 04/25/2015		250,000		266,250
Barclays Bank PLC
7.40% due 12/15/2009		300,000		306,041
Barclays Bank PLC, EMTN
5.75% due 03/08/2011	EUR	85,000		119,027
BB&T Capital Trust II
6.75% due 06/07/2036	$	190,000		136,547
Berkshire Hathaway Finance Corp.
4.60% due 05/15/2013		425,000		417,884
BES Finance, Ltd., EMTN
6.25% due 05/17/2011	EUR	60,000		84,435
BF Saul, REIT
7.50% due 03/01/2014	$	150,000		123,000
BNP Paribas, EMTN
4.75% due 04/04/2011	EUR	105,000		146,268
5.431% due 09/07/2017		50,000		65,270

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Boeing Capital Corp., Ltd.
7.375% due 09/27/2010	$	365,000	$	391,366
Camden Property Trust, REIT
4.375% due 01/15/2010		80,000		77,548
Capital One Capital IV
6.745% due 02/17/2037 (b)		425,000		205,496
Caterpillar Financial Services Corp.
4.50% due 06/15/2009		125,000		124,274
Caterpillar Financial Services Corp., MTN
4.25% due 02/08/2013		235,000		219,676
5.85% due 09/01/2017		170,000		160,166
CenterCredit International BV
8.625% due 01/30/2014		450,000		315,000
Chukchansi Economic Development Authority
6.3275% due 11/15/2012 (b)(g)		50,000		40,375
CIT Group, Inc.
3.875% due 11/03/2008		290,000		282,376
Citigroup, Inc.
3.625% due 02/09/2009		110,000		107,689
3.875% due 05/21/2010	EUR	74,000		96,613
4.75% due 02/10/2019 (b)		90,000		95,602
5.00% due 09/15/2014	$	755,000		578,868
5.125% due 02/14/2011		300,000		280,036
5.50% due 08/27/2012		225,000		202,058
5.50% due 04/11/2013		650,000		567,360
5.85% due 07/02/2013		590,000		517,542
6.125% due 05/15/2018		690,000		571,323
6.50% due 08/19/2013		530,000		471,047
Citigroup, Inc., EMTN
3.50% due 08/05/2015	EUR	110,000		115,480
6.40% due 03/27/2013		120,000		154,469
Clarendon Alumina Production, Ltd.
8.50% due 11/16/2021	$	100,000		99,000
Countrywide Financial Corp.
4.50% due 06/15/2010		145,000		131,037
Countrywide Home Loans, Inc., MTN
4.125% due 09/15/2009		530,000		487,440
Credit Agricole SA, EMTN
5.971% due 01/02/2018	EUR	200,000		273,656
Credit Agricole SA, Series TSDI
5.00 due 06/20/2049 (b)	GBP	130,000		159,103
Credit Suisse First Boston USA, Inc.
4.875% due 08/15/2010	$	450,000		447,315
Credit Suisse Group Finance Guernsey, Ltd.
6.375% due 06/07/2013	EUR	70,000		98,133
Credit Suisse Guernsey, Ltd.
5.86% due 05/29/2049 (b)	$	300,000		227,120
Credit Suisse USA, Inc.
5.50% due 08/16/2011		170,000		167,558
Credit Suisse/London, EMTN
4.75% due 09/24/2010	EUR	105,000		146,086
5.125% due 09/18/2017		75,000		92,788
Danske Bank A/S, EMTN
6.00% due 03/20/2016 (b)		150,000		193,863
Deutsche Bank AG
5.125% due 01/31/2013		40,000		53,211
Deutsche Genossenschafts-Hypothekenbank AG,
EMTN
4.00% due 10/31/2016		2,000,000		2,676,487

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

346

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Developers Diversified Realty Corp., REIT
3.875% due 01/30/2009	$	25,000	$	24,600
Digicel, Ltd.
9.25% due 09/01/2012 (g)		800,000		792,000
DnB NOR Bank ASA, EMTN
4.75% due 03/28/2011	EUR	80,000		110,866
Duke Realty LP
6.25% due 05/15/2013	$	245,000		238,411
E*Trade Financial Corp.
8.00% due 06/15/2011		150,000		130,500
12.50% due 11/30/2017		1,075,000		1,080,375
12.50% due 11/30/2017		100,000		100,500
ERP Operating LP
3.85% due 08/15/2026		13,000		11,741
5.25% due 09/15/2014		200,000		176,975
Eurohypo AG
4.50% due 01/21/2013 (g)	EUR	750,000		1,045,688
Federal Realty Investment Trust
6.00% due 07/15/2012	$	155,000		152,638
Felcor Lodging LP, REIT
8.50% due 06/01/2011		250,000		216,250
Fifth Third Bancorp
6.25% due 05/01/2013		300,000		254,968
8.25% due 03/01/2038		150,000		113,777
Ford Motor Credit Company LLC
5.70% due 01/15/2010		100,000		76,584
7.2406% due 04/15/2012 (b)		2,675,000		2,473,059
7.375% due 10/28/2009		250,000		200,991
Fortis Bank SA/NV, EMTN
5.757% due 10/04/2017	EUR	125,000		122,805
Fund American Companies, Inc.
5.875% due 05/15/2013	$	185,000		137,201
GATX Financial Corp.
5.50% due 02/15/2012		285,000		288,748
GE Capital Canada Funding Company, MTN
4.65% due 02/11/2015	CAD	142,000		113,382
GE Capital European Funding, EMTN
3.50% due 02/14/2013	EUR	163,000		186,792
GE Capital UK Funding, EMTN
5.625% due 12/12/2014	GBP	145,000		219,387
General Electric Capital Corp.
4.625% due 09/15/2066 (b)	EUR	130,000		107,645
4.80% due 05/01/2013	$	905,000		825,451
5.625% due 05/01/2018		845,000		714,258
5.875% due 01/14/2038		460,000		339,135
General Electric Capital Corp., MTN
5.25% due 10/19/2012		450,000		423,071
General Electric Capital Corp., MTNA
4.25% due 09/13/2010		265,000		253,251
General Electric Capital Corp., Series A
5.875% due 02/15/2012		500,000		484,670
General Electric Capital Corp., Series A, MTN
6.00% due 06/15/2012		680,000		656,318
General Growth Properties, Inc.
3.98% due 04/15/2027 (g)		54,000		32,004
Genworth Financial, Inc.
5.75% due 06/15/2014		59,000		52,178
6.15% due 11/15/2066 (b)		153,000		67,003

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Goldman Sachs Group, Inc.
3.75% due 02/04/2013	EUR	75,000	$	81,947
5.125% due 10/16/2014		100,000		110,795
6.15% due 04/01/2018	$	1,745,000		1,450,992
6.345% due 02/15/2034		271,000		178,066
6.60% due 01/15/2012		150,000		139,828
6.75% due 10/01/2037		550,000		367,174
6.875% due 01/15/2011		700,000		669,142
Goldman Sachs Group, Inc., GMTN
4.50% due 01/30/2017	EUR	100,000		103,016
GTB Finance BV
8.50% due 01/29/2012	$	510,000		460,275
Hartford Financial Services Group, Inc.
5.25% due 10/15/2011		260,000		240,807
5.375% due 03/15/2017		255,000		218,901
Hawker Beechcraft Acquisition Company LLC
8.50% due 04/01/2015		700,000		640,500
8.875% due 04/01/2015		200,000		181,000
9.75% due 04/01/2017		175,000		156,625
HBOS PLC
5.92% due 09/29/2049 (b)(g)		400,000		235,907
6.00% due 11/01/2033 (g)		390,000		256,383
6.05% due 11/23/2049 (b)	EUR	70,000		70,129
HBOS PLC, EMTN
4.375% due 10/30/2019 (b)		63,000		65,623
Hospitality Properties Trust
5.625% due 03/15/2017	$	255,000		187,876
Host Marriott LP, Series Q
6.75% due 06/01/2016		1,150,000		940,125
HSBC Bank PLC, EMTN
4.25% due 03/18/2016 (b)	EUR	79,000		106,469
HSBC Bank USA, Inc.
4.625% due 04/01/2014	$	100,000		89,931
HSBC Capital Funding LP
8.03% due 12/29/2049 (b)	EUR	25,000		34,433
HSBC Finance Corp.
4.125% due 11/16/2009	$	150,000		145,028
HSBC Holdings PLC
3.625% due 06/29/2020 (b)	EUR	75,000		88,309
6.50% due 05/02/2036	$	170,000		140,804
9.875% due 04/08/2018	GBP	120,000		233,607
HSBK Europe BV
7.75% due 05/13/2013	$	150,000		103,122
HUB International Holdings, Inc.
9.00% due 12/15/2014 (g)		575,000		511,750
10.25% due 06/15/2015 (g)		1,025,000		809,750
Hypothekenbank in Essen AG
3.875% due 11/21/2013	EUR	1,770,000		2,395,331
Icahn Enterprises LP
7.125% due 02/15/2013	$	625,000		478,125
Independence Community Bank Corp.
3.75% due 04/01/2014 (b)		15,000		8,320
ING Bank NV, EMTN
5.50% due 01/04/2012	EUR	70,000		98,518
International Lease Finance Corp., EMTN
4.125% due 10/09/2008		66,000		88,223
International Lease Finance Corp., MTN
5.30% due 05/01/2012	$	480,000		349,065
5.45% due 03/24/2011		635,000		476,327

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

347

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
International Lease Finance Corp., MTN (continued)
6.625% due 11/15/2013	$	650,000	$	398,464
Intesa Sanpaolo SpA, EMTN
4.375% due 06/26/2018 (b)	EUR	100,000		129,885
Intesabci Capital Trust
6.988% due 07/29/2049 (b)		55,000		73,610
iPayment Investors LP
11.625% due 07/15/2014 (b)(g)	$	416,697		425,031
Islandsbanki HF
2.9506% due 10/15/2008 (b)(g)		175,000		174,818
Jefferies Group, Inc.
5.875% due 06/08/2014		176,000		147,780
6.25% due 01/15/2036		245,000		151,863
John Deere Capital Corp., MTN
4.95% due 12/17/2012		1,030,000		1,002,027
5.50% due 04/13/2017		140,000		129,799
JP Morgan Chase & Company
4.75% due 05/01/2013		520,000		481,653
6.25% due 01/15/2009		335,000		333,970
6.40% due 05/15/2038		405,000		350,143
9.29% due 06/20/2011 (b)	RUB	2,000,000		76,902
JP Morgan Chase & Company, EMTN
4.25% due 06/09/2011	EUR	38,000		49,952
4.375% due 11/12/2019 (b)		150,000		165,286
4.375% due 01/30/2014		100,000		124,744
JP Morgan Chase Capital XVIII, Series R
6.95% due 08/17/2036	$	110,000		85,290
JP Morgan Chase Capital XXII, Series V
6.45% due 02/02/2037		245,000		177,513
JPMorgan Chase & Company
6.00% due 01/15/2018		830,000		756,854
KAR Holdings, Inc.
6.8006% due 05/01/2014 (b)		250,000		196,250
10.00% due 05/01/2015		700,000		539,000
KeyCorp, MTNG
4.70% due 05/21/2009		40,000		38,916
Kimco Realty Corp., MTN, REIT
4.904% due 02/18/2015		55,000		49,837
Kreditanstalt fuer Wiederaufbau
4.70% due 06/02/2037	CAD	430,000		378,824
Kreditanstalt fuer Wiederaufbau, EMTN
7.375% due 01/27/2010	NGN	50,000,000		394,746
8.50% due 01/18/2011		35,000,000		268,127
Kreditanstalt fuer Wiederaufbau, Series EXCH
5.50% due 12/07/2015	GBP	450,000		825,710
Landwirtschaftliche Rentenbank, Series 7
3.75% due 06/15/2009	$	95,000		95,672
Lehman Brothers Holdings, Inc., EMTN
4.625% due 03/14/2019 (b)	EUR	150,000		264
Lehman Brothers Holdings, Inc., MTN
5.25% due 02/06/2012	$	430,000		53,750
Lehman Brothers Holdings, Inc., MTN, Series G
3.95% due 11/10/2009		300,000		37,500
Local TV Finance LLC
9.25% due 06/15/2015 (g)		175,000		113,750
Mack-Cali Realty LP, REITS
5.80% due 01/15/2016		75,000		69,814
Mangrove Bay Pass Through Trust
6.102% due 07/15/2033 (b)(g)		200,000		91,418

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Mellon Funding Corp.
6.375% due 11/08/2011	GBP	143,000	$	256,074
Merrill Lynch & Company, Inc.
5.45% due 02/05/2013	$	645,000		581,030
7.75% due 05/14/2038		435,000		365,608
Merrill Lynch & Company, Inc., MTN
6.15% due 04/25/2013		210,000		194,052
6.875% due 04/25/2018		805,000		712,224
Merrill Lynch & Company, Inc., Series CPI
6.1817% due 03/02/2009 (b)		130,000		129,176
Metropolitan Life Global Funding
5.125% due 11/09/2011 (g)		435,000		441,942
Metropolitan Life Global Funding I, EMTN
4.625% due 05/16/2017	EUR	100,000		108,315
Mitsubishi UFJ Financial Group, Inc., Capital
Finance 1, Ltd.
6.346% due 07/29/2049 (b)	$	200,000		151,362
Mizuho Capital Investment 1, Ltd.
5.02% due 06/29/2049 (b)	EUR	50,000		58,832
6.686% due 12/31/2049 (b)(g)	$	120,000		101,032
Monumental Global Funding, Ltd., EMTN
5.375% due 03/13/2009	EUR	38,000		53,454
Morgan Stanley
4.00% due 01/15/2010	$	500,000		410,004
Morgan Stanley, EMTN
4.00% due 11/17/2015	EUR	150,000		117,340
Morgan Stanley, GMTN
5.125% due 11/30/2015	GBP	100,000		110,416
Morgan Stanley, MTN
5.625% due 01/09/2012	$	50,000		34,861
6.00% due 04/28/2015		650,000		442,148
6.625% due 04/01/2018		590,000		390,457
MPS Capital Trust I
7.99% due 12/29/2049 (b)	EUR	35,000		47,728
Muenchener Rueckversicherungs AG
5.767% due 06/29/2049 (b)		100,000		97,870
National Australia Bank, Ltd., EMTN
4.50% due 06/23/2016 (b)		100,000		128,786
National Gas Company
6.05% due 01/15/2036 (g)	$	100,000		87,000
National Rural Utilities Cooperative Finance Corp.
4.375% due 10/01/2010		100,000		100,077
Nationwide Building Society, EMTN
3.375% due 08/17/2015 (b)	EUR	53,000		65,387
Nationwide Mutual Insurance Company
6.60% due 04/15/2034 (g)	$	110,000		88,823
NCNB Corp.
9.375% due 09/15/2009		340,000		341,562
New York Life Global Funding
4.625% due 08/16/2010 (g)		215,000		219,283
New York Life Global Funding, EMTN
4.375% due 01/19/2017	EUR	100,000		114,367
Nexstar Finance, Inc.
7.00% due 01/15/2014	$	450,000		337,500
Nissan Motor Acceptance Corp.
4.625% due 03/08/2010 (g)		100,000		100,339
NLV Financial Corp.
7.50% due 08/15/2033 (g)		265,000		256,608

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

348

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Nordea Bank Finland PLC, EMTN
5.75% due 03/26/2014 (b)	EUR	50,000	$	70,182
Northern Trust Company, BKNT
4.60% due 02/01/2013	$	100,000		96,703
Northern Trust Corp.
5.30% due 08/29/2011		141,000		143,388
5.50% due 08/15/2013		235,000		235,169
Nuveen Investments, Inc.
5.00% due 09/15/2010		350,000		290,500
10.50% due 11/15/2015 (g)		425,000		327,250
Nuveen Investments, Inc., Class A
5.50% due 09/15/2015		750,000		375,000
Ohio National Financial Services, Inc.
6.35% due 04/01/2013 (g)		15,000		16,376
Orascom Telecom Finance SCA
7.875% due 02/08/2014		110,000		97,487
Pacific Life Funding LLC, EMTN
5.125% due 01/20/2015	GBP	87,000		144,571
5.50% due 05/14/2009	EUR	38,000		52,860
PF Export Receivables Master Trust
6.436% due 06/01/2015 (g)	$	49,021		48,350
PNC Funding Corp.
5.625% due 02/01/2017		195,000		172,743
7.50% due 11/01/2009		285,000		281,474
Principal Financial Global Funding II LLC, EMTN
4.50% due 01/26/2017	EUR	50,000		55,569
Principal Financial Group, Inc.
6.05% due 10/15/2036	$	180,000		141,811
Principal Life Global Funding I
5.25% due 01/15/2013 (g)		160,000		156,850
Principal Life Income Funding Trusts
5.20% due 11/15/2010		35,000		35,052
Principal Financial Global Funding LLC, EMTN
4.50% due 01/22/2009	EUR	38,000		53,321
Rabobank Nederland, EMTN
3.125% due 07/19/2010		70,000		95,802
4.25% due 01/16/2017		50,000		66,485
Rainbow National Services LLC
8.75% due 09/01/2012 (g)	$	75,000		75,000
Reckson Operating Partnership, REIT
6.00% due 03/31/2016		200,000		167,457
Regency Centers LP, REIT
5.875% due 06/15/2017		120,000		106,155
RLI Corp.
5.95% due 01/15/2014		15,000		14,771
Royal Bank of Canada
5.00% due 01/20/2014	CAD	105,000		97,371
Royal Bank of Scotland PLC, EMTN
6.00% due 05/10/2013	EUR	40,000		54,458
6.00 due 06/29/2049 (b)	GBP	130,000		190,443
Sanpaolo IMI SpA, EMTN
3.75% due 06/09/2015 (b)	EUR	57,000		77,169
Santander Issuances SA, EMTN
4.75% due 05/29/2019 (b)		100,000		122,037
Security Benefit Life Insurance Company
7.45% due 10/01/2033 (g)	$	80,000		66,070
Severn Trent Utilities Finance PLC, EMTN
5.25% due 03/11/2016	EUR	70,000		95,774

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Shinsei Bank, Ltd.
3.75% due 02/23/2016 (b)	EUR	80,000	$	89,775
Simon Property Group LP
5.30% due 05/30/2013	$	75,000		70,053
5.75% due 12/01/2015		480,000		453,637
Simon Property Group LP, REIT
4.60% due 06/15/2010		125,000		122,870
SLM Corp.
5.45% due 04/25/2011		675,000		472,500
SLM Corp., MTN
5.125% due 08/27/2012		225,000		146,250
8.45% due 06/15/2018		400,000		272,000
SLM Corp., MTN, Series A
2.94% due 07/27/2009 (b)		1,575,000		1,386,334
SLM Corp., Series CPI
6.15% due 04/01/2009 (b)		315,000		289,381
Societe Generale, EMTN
5.25% due 03/28/2013	EUR	100,000		137,989
Sovereign Capital Trust VI
7.908% due 06/13/2036	$	230,000		168,351
Standard Chartered Bank, EMTN
3.625% due 02/03/2017 (b)	EUR	210,000		260,623
Sumitomo Mitsui Banking Corp.
4.375% due 07/29/2049 (b)		100,000		99,041
5.625% due 07/29/2049 (b)(g)	$	200,000		159,775
Sun Life Assurance Company of Canada
6.15% due 06/30/2022 (b)	CAD	44,000		42,971
Sun Life Financial Global Funding LP
3.0413% due 10/06/2013 (b)(g)	$	250,000		229,576
SunTrust Banks, Inc.
7.75% due 05/01/2010		250,000		256,535
Svenska Handelsbanken, EMTN
6.125% due 03/29/2049 (b)	GBP	47,000		80,860
Teco Finance, Inc.
6.572% due 11/01/2017	$	35,000		31,762
7.00% due 05/01/2012		50,000		50,821
TMK Capital SA for OAO TMK
10.00% due 07/29/2011		100,000		84,376
Torchmark Corp.
6.375% due 06/15/2016		220,000		224,843
Toronto-Dominion Bank, EMTN
4.875% due 01/23/2013	EUR	100,000		130,544
Toronto-Dominion Bank, MTN
5.69% due 06/03/2018 (b)	CAD	127,000		119,339
Transatlantic Holdings, Inc.
5.75% due 12/14/2015	$	150,000		143,600
Travelers Insurance Company Institutional Funding, Ltd.
5.75% due 12/06/2011	GBP	167,000		291,121
UBS AG/Jersey, EMTN
4.50% due 09/16/2019 (b)	EUR	225,000		234,530
UCI Holdco, Inc.
10.6975% due 12/15/2013	$	397,911		302,412
UniCredito Italiano SpA, EMTN
5.75% due 09/26/2017	EUR	100,000		129,502
6.10% due 02/28/2012		52,000		71,844
US Bancorp, MTN, Series P
4.50% due 07/29/2010	$	160,000		163,189

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

349

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
US Bank NA, BKNT
6.375% due 08/01/2011	$	450,000	$	454,241
USI Holdings Corp.
9.75% due 05/15/2015 (g)		225,000		171,000
Vanguard Health Holding Company I LLC
11.25 due 10/01/2015		50,000		43,250
Ventas Realty LP/Ventas Capital Corp.
6.50% due 06/01/2016		465,000		439,425
Visant Corp.
7.625% due 10/01/2012		300,000		275,250
Vornado Realty LP, REIT
4.50% due 08/15/2009		35,000		33,977
VTB Capital SA
6.875% due 05/29/2018		150,000		121,282
Wachovia Corp.
5.75% due 02/01/2018		250,000		187,547
Wells Fargo & Company
4.20% due 01/15/2010		475,000		468,480
4.875% due 01/12/2011		210,000		209,340
Wells Fargo Bank NA
4.75% due 02/09/2015		260,000		233,858
Wells Fargo Financial Canada Corp., MTN
4.33% due 12/06/2013	CAD	47,000		41,885
Westpac Banking Corp., EMTN
4.875% due 09/28/2012	EUR	100,000		134,646
Willis North America, Inc.
6.20% due 03/28/2017	$	195,000		169,544
World Savings Bank FSB, BKNT
4.125% due 12/15/2009		180,000		158,096
Xstrata Finance Canada, Ltd.
5.50% due 11/16/2011 (g)		180,000		175,489
Xstrata Finance Canada, Ltd., EMTN
5.25% due 06/13/2017	EUR	80,000		90,290
				75,454,609
Industrial - 2.70%
3M Company, MTN
5.125% due 11/06/2009	$	95,000		96,369
5.70% due 03/15/2037		225,000		225,623
AGY Holding Corp.
11.00% due 11/15/2014		250,000		222,500
Allied Waste North America, Inc.
6.875% due 06/01/2017		500,000		465,000
7.25% due 03/15/2015		1,125,000		1,077,187
7.875% due 04/15/2013		425,000		421,812
American Railcar Industries, Inc.
7.50% due 03/01/2014		625,000		553,125
Associated Materials, Inc.
zero coupon, Step up to 11.25% on
03/01/2009 due 03/01/2014		275,000		177,375
Avnet, Inc.
5.875% due 03/15/2014		345,000		335,879
Ball Corp.
6.875% due 12/15/2012		625,000		624,219
BE Aerospace, Inc.
8.00% due 06/09/2014		250,000		235,000
8.50% due 07/01/2018		375,000		363,750
Bombardier, Inc.
6.30% due 05/01/2014 (g)		575,000		534,750

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
Bombardier, Inc. (continued)
6.75% due 05/01/2012 (g)	$	200,000	$	192,000
7.45% due 05/01/2034 (g)		375,000		348,750
8.00% due 11/15/2014		25,000		24,750
Bristow Group, Inc.
6.125% due 06/15/2013		400,000		358,000
7.50% due 09/15/2017		500,000		445,000
Burlington Northern Santa Fe Corp.
5.65% due 05/01/2017		429,000		410,986
6.15% due 05/01/2037		432,000		394,266
BWAY Corp.
10.00% due 10/15/2010		525,000		509,250
Canadian National Railway Company
6.25% due 08/01/2034		259,000		241,508
6.375% due 11/15/2037		65,000		62,240
Canadian Pacific Railway Company
5.75% due 05/15/2013		355,000		344,552
Casella Waste Systems, Inc.
9.75% due 02/01/2013		875,000		857,500
Celestica, Inc.
7.875% due 07/01/2011		450,000		436,500
Cemex Finance Europe BV
4.75% due 03/05/2014	EUR	50,000		54,028
Clondalkin Acquisition BV
4.8187% due 12/15/2013 (b)(g)	$	275,000		223,437
Columbus McKinnon Corp.
8.875% due 11/01/2013		560,000		576,800
Cooper US, Inc.
6.10% due 07/01/2017		210,000		212,385
CRH America, Inc.
5.30% due 10/15/2013		140,000		127,593
6.00% due 09/30/2016		240,000		206,827
6.40% due 10/15/2033		55,000		40,522
Dycom Industries, Inc.
8.125% due 10/15/2015		250,000		220,000
Esco Corp.
6.6937% due 12/15/2013 (b)(g)		175,000		161,000
8.625% due 12/15/2013 (g)		600,000		588,000
FedEx Corp.
5.50% due 08/15/2009		220,000		219,122
Flextronics International, Ltd.
6.25% due 11/15/2014		125,000		105,625
6.50% due 05/15/2013		350,000		310,625
GenCorp, Inc.
9.50% due 08/15/2013		725,000		714,125
General Cable Corp.
5.1662% due 04/01/2015 (b)		175,000		147,000
7.125% due 04/01/2017		400,000		360,000
General Dynamics Corp.
4.50% due 08/15/2010		315,000		319,679
Greater Toronto Airports Authority, MTN
6.25% due 12/13/2012	CAD	50,000		49,842
6.47% due 02/02/2034		42,000		39,520
Greenbrier Companies, Inc.
8.375% due 05/15/2015	$	425,000		365,500
Grupo Transportacion Ferroviaria Mexicana,
SA de CV
9.375% due 05/01/2012		100,000		102,000

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

350

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
Hawk Corp.
8.75% due 11/01/2014	$	300,000	$	301,500
HeidelbergCement Finance BV, EMTN
6.375% due 01/25/2012	EUR	60,000		81,651
Honeywell International, Inc.
4.25% due 03/01/2013	$	275,000		267,126
5.30% due 03/01/2018		255,000		240,019
Jefferson Smurfit Corp.
8.25% due 10/01/2012		150,000		125,250
Koppers Holdings, Inc.
zero coupon due 11/15/2014		650,000		581,750
Koppers, Inc.
9.875% due 10/15/2013		149,000		153,470
L-3 Communications Corp., Series B
6.375% due 10/15/2015		825,000		759,000
Lafarge SA
6.15% due 07/15/2011		130,000		127,629
Linde Finance BV, EMTN
4.75% due 04/24/2017	EUR	100,000		127,142
Lockheed Martin Corp.
4.121% due 03/14/2013	$	580,000		560,712
Manitowoc, Inc.
7.125% due 11/01/2013		100,000		93,000
10.25% due 08/15/2012		500,000		484,535
Metals USA, Inc.
11.125% due 12/01/2015		325,000		312,000
Norfolk Southern Corp.
5.59% due 05/17/2025		25,000		21,738
5.75% due 04/01/2018		100,000		96,390
7.25% due 02/15/2031		30,000		31,453
Northrop Grumman Corp.
7.125% due 02/15/2011		755,000		801,460
7.75% due 03/01/2016		30,000		33,028
NXP BV/NXP Funding LLC
5.5406% due 10/15/2013 (b)		500,000		330,000
7.875% due 10/15/2014		350,000		234,500
Oakmont Asset Trust
4.514% due 12/22/2008 (g)		20,000		19,985
Obrascon Huarte Lain SA
5.00% due 05/18/2012	EUR	100,000		117,435
Owens Corning, Inc.
6.50% due 12/01/2016	$	115,000		101,765
Owens-Brockway Glass Container, Inc.
6.75% due 12/01/2014		425,000		403,750
8.25% due 05/15/2013		350,000		348,250
RBS Global, Inc.
9.50% due 08/01/2014		775,000		728,500
11.75% due 08/01/2016		175,000		165,375
Rolls-Royce Group PLC, EMTN
4.50% due 03/16/2011	EUR	50,000		69,099
Saint Acquisition Corp.
12.50% due 05/15/2017 (g)	$	300,000		99,000
Sally Holdings LLC
9.25% due 11/15/2014		400,000		377,000
10.50% due 11/15/2016		100,000		95,000
Sanmina-SCI Corp.
5.5687% due 06/15/2010 (b)(g)		194,000		182,360
Schneider Electric SA, EMTN
4.50% due 01/17/2014	EUR	50,000		64,562

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
Silgan Holdings, Inc.
6.75% due 11/15/2013	$	375,000	$	341,250
Smurfit-Stone Container Enterprises, Inc.
8.375% due 07/01/2012		375,000		315,000
SPX Corp.
7.625% due 12/15/2014 (g)		425,000		425,000
Stewart & Stevenson LLC
10.00% due 07/15/2014		375,000		328,125
Stone Container Finance
7.375% due 07/15/2014		100,000		77,000
Terex Corp.
7.375% due 01/15/2014		100,000		91,000
Texas Industries, Inc.
7.25% due 07/15/2013		500,000		435,000
7.25% due 07/15/2013 (g)		175,000		152,250
TransDigm, Inc.
7.75% due 07/15/2014		375,000		352,500
Trinity Industries, Inc.
6.50% due 03/15/2014		375,000		353,438
Union Pacific Corp.
3.875% due 02/15/2009		125,000		123,174
5.70% due 08/15/2018		220,000		204,883
United Technologies Corp.
5.375% due 12/15/2017		120,000		115,995
5.40% due 05/01/2035		100,000		89,638
6.35% due 03/01/2011		370,000		391,488
US Concrete, Inc.
8.375% due 04/01/2014		225,000		175,500
Vitro SA de CV
8.625% due 02/01/2012		200,000		158,000
Vought Aircraft Industries, Inc.
8.00% due 07/15/2011		200,000		174,000
Waste Management, Inc.
6.10% due 03/15/2018		530,000		494,971
7.375% due 05/15/2029		15,000		14,203
WCA Waste Corp.
9.25% due 06/15/2014		400,000		376,000
				28,825,370
Technology - 0.69%
Avago Technologies Finance
10.125% due 12/01/2013		375,000		378,750
Dun & Bradstreet Corp.
5.50% due 03/15/2011		120,000		121,019
First Data Corp.
9.875% due 09/24/2015 (g)		1,075,000		843,875
Freescale Semiconductor, Inc.
6.6937% due 12/15/2014 (b)		300,000		201,000
8.875% due 12/15/2014		725,000		500,250
Freescale Semiconductor, Inc., PIK
9.125% due 12/15/2014		225,000		141,750
Hewlett-Packard Company
5.25% due 03/01/2012		250,000		253,084
International Business Machines Corp
4.75% due 11/29/2012		50,000		50,053
National Semiconductor Corp.
6.15% due 06/15/2012		675,000		659,314
Oracle Corp.
5.00% due 01/15/2011		780,000		798,540

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

351

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Technology (continued)
Seagate Technology HDD Holdings
6.375% due 10/01/2011	$	250,000	$	245,625
Serena Software, Inc.
10.375% due 03/15/2016		100,000		88,000
Spansion LLC
11.25% due 01/15/2016 (g)		200,000		115,000
SS&C Technologies, Inc.
11.75% due 12/01/2013		75,000		78,000
STATS ChipPAC, Ltd.
6.75% due 11/15/2011		75,000		76,125
7.50% due 07/19/2010		475,000		489,844
Sungard Data Systems, Inc.
9.125% due 08/15/2013		977,000		879,300
10.625% due 02/28/2014 (g)		325,000		306,313
Unisys Corp.
12.50% due 01/15/2016		275,000		261,250
Xerox Corp.
5.50% due 05/15/2012		35,000		33,370
5.65% due 05/15/2013		405,000		393,368
6.35% due 05/15/2018		485,000		443,339
				7,357,169
Utilities - 2.14%
AES Corp.
7.75% due 03/01/2014		50,000		46,500
8.875% due 02/15/2011		300,000		295,500
9.375% due 09/15/2010		100,000		100,000
Alabama Power Company
3.0006% due 08/25/2009 (b)		110,000		109,676
Alabama Power Company, Series 07-D
4.85% due 12/15/2012		300,000		298,002
Appalachian Power Company
6.375% due 04/01/2036		160,000		138,377
Appalachian Power Company, Series O
5.65% due 08/15/2012		350,000		342,552
Atmos Energy Corp.
4.00% due 10/15/2009		190,000		187,762
5.95% due 10/15/2034		35,000		28,164
Baltimore Gas & Electric Company
5.90% due 10/01/2016		285,000		257,551
Black Hills Corp.
6.50% due 05/15/2013		225,000		217,338
CenterPoint Energy Transition Bond Company
LLC, Series A-2
4.97% due 08/01/2014		150,000		150,381
CenterPoint Energy, Inc., Series B
7.25% due 09/01/2010		175,000		177,359
CMS Energy Corp.
8.50% due 04/15/2011		25,000		25,580
Colorado Interstate Gas Company
5.95% due 03/15/2015		125,000		113,887
Consolidated Edison Company of New York, Inc.
6.75% due 04/01/2038		185,000		174,916
Consumers Energy Company
5.80% due 09/15/2035		100,000		81,444
Consumers Energy Company, Series F
4.00% due 05/15/2010		250,000		245,075
Consumers Energy Company, Series J
6.00% due 02/15/2014		165,000		160,390

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utilities (continued)
E.ON International Finance BV, EMTN
5.125% due 10/02/2012	EUR	55,000	$	77,360
5.50% due 10/02/2017		70,000		97,120
Edison SpA, EMTN
5.125% due 12/10/2010		45,000		63,436
El Paso Electric Company
6.00% due 05/15/2035	$	245,000		200,527
Elia System Operator SA
4.75% due 05/13/2014	EUR	61,000		83,115
Energy Future Holdings Corp.
10.875% due 11/01/2017 (g)	$	1,375,000		1,240,938
11.25% due 11/01/2017 (g)		2,425,000		2,049,125
Entergy Louisiana LLC
5.83% due 11/01/2010		30,000		29,523
Florida Power Corp.
6.35% due 09/15/2037		230,000		216,193
GIE Suez Alliance, EMTN
5.125% due 06/24/2015	EUR	75,000		103,844
Hydro One, Inc.
7.15% due 06/03/2010	CAD	74,000		72,913
Illinois Power Company
6.125% due 11/15/2017	$	120,000		110,159
Jersey Central Power & Light Company
5.65% due 06/01/2017		410,000		371,364
Mirant Americas Generation LLC
8.30% due 05/01/2011		450,000		433,125
Mirant North America LLC
7.375% due 12/31/2013		800,000		752,000
Monongahela Power Company
5.70% due 03/15/2017 (g)		265,000		243,687
National Grid PLC, EMTN
5.00% due 07/02/2018	EUR	12,000		15,707
National Power Corp.
6.875% due 11/02/2016	$	100,000		95,783
7.0606% due 08/23/2011 (b)(g)		150,000		153,495
Nevada Power Company
5.875% due 01/15/2015		40,000		37,787
Nevada Power Company, Series R
6.75% due 07/01/2037		245,000		219,520
Niagara Mohawk Power Corp., Series G
7.75% due 10/01/2008		40,000		40,000
Nisource Finance Corp.
3.3806% due 11/23/2009 (b)		120,000		116,936
6.15% due 03/01/2013		225,000		217,783
Northeast Utilities
5.65% due 06/01/2013		625,000		610,569
Northern States Power
5.25% due 03/01/2018		130,000		121,066
NRG Energy, Inc.
7.25% due 02/01/2014		375,000		347,813
7.375% due 02/01/2016		2,255,000		2,029,500
Ohio Power Company
5.75% due 09/01/2013		195,000		191,416
Orion Power Holdings, Inc.
12.00% due 05/01/2010		550,000		533,500
Pacific Gas & Electric Company
3.60% due 03/01/2009		380,000		376,941
4.80% due 03/01/2014		225,000		211,925
6.35% due 02/15/2038		115,000		104,432

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

352

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utilities (continued)
Piedmont Natural Gas Company
6.00% due 12/19/2033	$	10,000	$	8,685
PNM Resources, Inc.
9.25% due 05/15/2015		550,000		541,750
PPL Capital Funding, Inc.
4.33% due 03/01/2009		75,000		74,731
Progress Energy, Inc.
5.625% due 01/15/2016		380,000		359,750
Public Service Electric & Gas Company
5.70% due 12/01/2036		350,000		305,970
Reliant Energy, Inc.
6.75% due 12/15/2014		700,000		598,500
7.625% due 06/15/2014		575,000		431,250
7.875% due 12/31/2017		225,000		166,500
RWE Finance BV, EMTN
6.375% due 06/03/2013	GBP	160,000		289,895
Scottish Power UK PLC
8.375% due 02/20/2017		38,000		77,787
Sempra Energy
7.95% due 03/01/2010	$	100,000		103,092
Sierra Pacific Resources
7.803% due 06/15/2012		125,000		126,228
8.625% due 03/15/2014		350,000		358,462
Southern California Edison Company
4.65% due 04/01/2015		345,000		326,909
Southern California Edison Company, Series 08-A
5.95% due 02/01/2038		70,000		63,722
Southern California Gas Company
5.75% due 11/15/2035		305,000		270,075
Southern Company, Series A
5.30% due 01/15/2012		95,000		95,344
Tampa Electric Company
6.15% due 05/15/2037		235,000		194,319
Taqa Abu Dhabi National Energy Company
5.62% due 10/25/2012 (g)		855,000		829,187
6.60% due 08/01/2013 (g)		120,000		119,128
Texas Competitive Electric Holdings Company
LLC, PIK
10.50% due 11/01/2016 (g)		300,000		254,250
Union Electric Company
5.40% due 02/01/2016		285,000		258,035
Vattenfall Treasury AB, EMTN
6.00% due 04/03/2009	EUR	30,000		42,363
Veolia Environnement
5.25% due 06/03/2013	$	540,000		530,982
6.00% due 06/01/2018		455,000		436,300
Veolia Environnement, EMTN
4.875% due 05/28/2013	EUR	40,000		54,547
4.875% due 05/28/2013		45,000		61,365
5.875% due 02/01/2012		29,000		41,385
Virginia Electric and Power Company
4.50% due 12/15/2010	$	230,000		228,399
5.10% due 11/30/2012		220,000		215,347
Virginia Electric and Power Company, Series A
6.00% due 05/15/2037		305,000		264,201
West Penn Power Company
5.95% due 12/15/2017 (g)		225,000		208,784
Westar Energy, Inc.
5.10% due 07/15/2020		155,000		133,010

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utilities (continued)
Xcel Energy, Inc.
7.00% due 12/01/2010	$	25,000	$	25,786
				22,815,094
TOTAL CORPORATE BONDS (Cost $324,802,973)			$	292,077,461
CONVERTIBLE BONDS - 0.14%
Communications - 0.07%
American Tower Corp.
3.00% due 08/15/2012		175,000		310,558
Sinclair Broadcast Group, Inc.
3.00% due 05/15/2027		525,000		444,000
				754,558
Consumer, Cyclical - 0.05%
Airtran Holdings, Inc.
7.00% due 07/01/2023		343,000		247,528
AMR Corp.
4.50% due 02/15/2024		212,000		198,367
Ford Motor Company
4.25% due 12/15/2036		191,000		112,805
				558,700
Energy - 0.02%
Peabody Energy Corp.
4.75% due 12/15/2041		200,000		182,825
TOTAL CONVERTIBLE BONDS (Cost $1,577,245)			$	1,496,083
MUNICIPAL BONDS - 0.48%
Arizona - 0.03%
Salt River Project Agricultural Improvement &
Power District
5.00% due 01/01/2038		390,000		366,070
California - 0.01%
State of California
5.25% due 04/01/2034		90,000		98,363
District of Columbia - 0.00%
District of Columbia
4.75% due 06/01/2031		35,000		30,755
Florida - 0.03%
Orange County Florida Tourist Development
5.00% due 10/01/2018		355,000		359,494
Georgia - 0.08%
Atlanta Water & Wastewater Revenue
5.50% due 11/01/2017		230,000		243,853
De Kalb County GA Water and Sewer Revenue
5.00% due 10/01/2035		345,000		325,507
State of Georgia
5.00% due 07/01/2019		265,000		274,869
				844,229
Illinois - 0.03%
Chicago Illinois Transit Authority, Series A
6.899% due 12/01/2040		260,000		274,066
Kansas - 0.01%
Kansas Development Finance Authority
5.501% due 05/01/2034		110,000		108,613

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

353

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
MUNICIPAL BONDS (continued)
Maryland - 0.05%
County of Baltimore MD
5.00% due 02/01/2038	$	210,000	$	202,171
State of Maryland
5.00% due 08/01/2019		350,000		363,062
				565,233
New York - 0.06%
New York City Housing Development Corp.
6.42% due 11/01/2027		135,000		141,116
New York State Urban Development Corp.
5.50% due 03/15/2018		175,000		187,770
Triborough Bridge & Tunnel Authority New York
5.00% due 11/15/2038		385,000		354,681
				683,567
North Carolina - 0.04%
Charlotte N C Water and Sewer Systems
4.75% due 07/01/2033		430,000		389,546
Oregon - 0.01%
State of Oregon
5.892% due 06/01/2027		60,000		61,463
Pennsylvania - 0.03%
Commonwealth of Pennsylvania
5.00% due 01/01/2018		260,000		276,541
Texas - 0.03%
Austin Texas Independent School District
5.00% due 08/01/2033		385,000		359,066
Utah - 0.04%
Utah Transit Authority Sales Tax Revenue
4.75% due 06/15/2032		210,000		189,517
5.25% due 06/15/2038		290,000		280,659
				470,176
West Virginia - 0.03%
Tobacco Settlement Finance Authority of West
Virginia, Tobacco Settlement Funded
7.467% due 06/01/2047		330,000		290,773
TOTAL MUNICIPAL BONDS (Cost $5,431,453)			$	5,177,955
COLLATERALIZED MORTGAGE
OBLIGATIONS - 4.20%
American Tower Trust, Series 2007-1A, Class D
5.9568% due 04/15/2037 (g)		350,000		313,441
Banc of America Commercial Mortgage, Inc.,
Series 2003-1, Class A1
3.878% due 09/11/2036		255,292		247,049
Banc of America Commercial Mortgage, Inc.,
Series 2003-1, Class A2
4.648% due 09/11/2036		680,000		633,668
Banc of America Commercial Mortgage, Inc.,
Series 2005-3, Class A2
4.501% due 07/10/2043		650,000		633,012
Banc of America Mortgage Securities,
Series 2004-A, Class 2A2
4.1024% due 02/25/2034 (b)		167,623		154,071
Banc of America Mortgage Securities,
Series 2004-D, Class 2A2
4.1939% due 05/25/2034 (b)		81,458		74,507

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Banc of America Mortgage Securities,
Series 2004-H, Class 2A2
4.7501% due 09/25/2034 (b)	$	174,099	$	156,565
Banc of America Mortgage Securities,
Series 2004-I, Class 3A2
4.8518% due 10/25/2034 (b)		86,749		79,925
Banc of America Mortgage Securities,
Series 2005-J, Class 2A1
5.0918% due 11/25/2035 (b)		343,877		302,348
Banc of America Mortgage Securities,
Series 2005-J, Class 3A1
5.2354% due 11/25/2035 (b)		219,685		193,977
Bear Stearns Commercial Mortgage Securities,
Series 1998-C1, Class A2
6.44% due 06/16/2030		4,375		4,364
Bear Stearns Commercial Mortgage Securities,
Series 2002-TOP8, Class A2
4.83% due 08/15/2038		272,000		255,814
Bear Stearns Commercial Mortgage Securities,
Series 2005-PW10, Class A1
5.085% due 12/11/2040		581,836		574,589
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR8, Class A4
4.674% due 06/11/2041		492,000		437,500
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR9, Class A1
4.498% due 09/11/2042		64,724		63,666
Bear Stearns Commercial Mortgage Securities,
Series 2005-PWR9, Class AAB
4.804% due 09/11/2042		395,000		367,317
Bear Stearns Commercial Mortgage Securities,
Series 2005-T18, Class A1
4.274% due 02/13/2042 (b)		164,632		162,149
Bear Stearns Commercial Mortgage Securities,
Series 2005-T20, Class A1
4.94% due 10/12/2042		16,338		16,141
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW12, Class A4
5.902% due 09/11/2038 (b)		385,000		349,633
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW13, Class AAB
5.53% due 09/11/2041		50,000		45,928
Bear Stearns Commercial Mortgage Securities,
Series 2006-PWR12, Class A1
5.546% due 09/11/2038 (b)		148,511		146,120
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW15, Class AAB
5.315% due 02/11/2044		600,000		524,823
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW17, Class A1
5.282% due 06/11/2050		586,949		554,989
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW17, Class A4
5.694% due 06/11/2050 (b)		45,000		38,332
Citigroup Commercial Mortgage Trust, Series
2008-C7, Class A1
5.271% due 12/12/2049		315,363		303,463
Citigroup Mortgage Loan Trust, Inc., Series
2004-UST1, Class A5
4.6879% due 08/25/2034 (b)		651,802		588,000

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

354

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Citigroup/Deutsche Bank Commercial Mortgage
Trust, Series 2006-CD3, Class AAB
5.608% due 10/15/2048	$	310,000	$	286,059
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A1
5.0468% due 07/15/2044		201,972		199,825
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A4
5.3995% due 09/15/2020 (b)		225,000		206,416
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2007-CD4, Class ASB
5.278% due 12/11/2049		50,000		43,895
Commercial Mortgage Loan Trust, Series
2008-LS1, Class A1
5.935% due 05/10/2012		373,713		363,115
Commercial Mortgage Loan Trust, Series
2008-LS1, Class A3
6.2205% due 03/10/2017 (b)		1,850,000		1,648,668
Credit Suisse Mortgage Capital Certificates, Series
2007-C4, Class A1
5.54% due 09/15/2039		132,611		128,211
Credit Suisse Mortgage Capital Certificates,
Series 2006-C4, Class A1
4.771% due 09/15/2039		237,627		231,078
Credit Suisse Mortgage Capital Certificates,
Series 2007-C1, Class A1
5.227% due 02/15/2040		251,823		244,112
CS First Boston Mortgage Securities Corp.,
Series 2004-C2, Class A1
3.819% due 05/15/2036		114,030		108,334
CS First Boston Mortgage Securities Corp.,
Series 2005-C2, Class A4
4.832% due 04/15/2037		575,000		515,072
DLJ Commercial Mortgage Corp.,
Series 1999-CG2,Class A1B
7.30% due 06/10/2032		441,505		442,895
Federal Home Loan Mortgage Corp., Series
2003-2586, Class NJ
4.50% due 08/15/2016		345,171		347,827
Federal Home Loan Mortgage Corp., Series
2003-2614, Class IH
4.50% IO due 05/15/2016		149,148		10,064
Federal Home Loan Mortgage Corp., Series
2003-2627, Class IE
4.50% IO due 04/15/2018		44,932		3,351
Federal Home Loan Mortgage Corp., Series
2003-2631, Class KI
4.50% IO due 01/15/2015		70,810		1,585
Federal Home Loan Mortgage Corp., Series
2003-2681, Class PC
5.00% due 01/15/2019		207,644		210,753
Federal Home Loan Mortgage Corp., Series
2003-2686, Class JG
5.50% due 04/15/2028		721,000		736,014
Federal Home Loan Mortgage Corp., Series
2003-41, Class YV
5.50% due 04/25/2014		196,279		202,146
Federal Home Loan Mortgage Corp., Series
2004-2809, Class EG
5.00% due 08/15/2021		166,286		169,166

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., Series
2004-2844, Class PQ
5.00% due 05/15/2023	$	56,357	$	56,791
Federal Home Loan Mortgage Corp., Series
2004-2872, Class YB
5.00% due 06/15/2023		123,023		123,849
Federal Home Loan Mortgage Corp., Series
2004-2882, Class YB
5.00% due 10/15/2027		600,000		612,819
Federal Home Loan Mortgage Corp., Series
2005-2934, Class NB
5.00% due 01/15/2028		91,000		92,958
Federal Home Loan Mortgage Corp., Series
2005-R003, Class VA
5.50% due 08/15/2016		431,361		440,213
Federal Home Loan Mortgage Corp., Series
2006-3123, Class VB
6.00% due 09/15/2013		199,300		205,160
Federal Home Loan Mortgage Corp., Series
2006-3152, Class DA
6.00% due 09/15/2025		134,909		137,601
Federal Home Loan Mortgage Corp., Series
2006-3177, Class PA
6.00% due 12/15/2026		260,144		265,543
Federal Home Loan Mortgage Corp., Series
2006-3195, Class PN
6.50% due 08/15/2030		874,512		898,466
Federal Home Loan Mortgage Corp., Series
2006-R007, Class VA
6.00% due 09/15/2016		164,620		169,747
Federal Home Loan Mortgage Corp., Series 2568,
Class KA
4.25% due 12/15/2021		281,679		279,778
Federal Home Loan Mortgage Corp., Series 2688,
Class DE
4.50% due 02/15/2020		328,273		330,946
Federal Home Loan Mortgage Corp., Series 3354,
Class PA
5.50% due 07/15/2028		689,352		705,890
Federal Home Loan Mortgage Corp., Series R005,
Class AB
5.50% due 12/15/2018		492,580		490,811
Federal Home Loan Mortgage Corp., Series R006,
Class AK
5.75% due 12/15/2018		475,141		474,361
Federal Home Loan Mortgage Corp., Series R013,
Class AB
6.00% due 12/15/2021		235,166		235,027
Federal Home Loan Mortgage Corp., Stated Final,
Series SF4, Class C
3.32% due 12/15/2011		33,565		33,455
Federal Home Loan Mortgage Corp., Strips, Series
1998-199, Class PO
zero coupon PO due 08/01/2028		7,427		6,080
Federal National Mortgage Association, Series
2002-74, Class PJ
5.00% due 03/25/2015		66,930		66,809
Federal National Mortgage Association, Series
2002-84, Class VA
5.50% due 11/25/2013		158,203		162,303

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

355

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal National Mortgage Association, Series
2003-32, ClassPG
5.00% due 10/25/2027	$	350,000	$	354,196
Federal National Mortgage Association, Series
2003-40, Class NI
5.50% IO due 11/25/2028		24,227		1,389
Federal National Mortgage Association, Series
2003-88, Class TE
4.50% due 11/25/2014		400,000		403,155
Federal National Mortgage Association, Series
2003-92, Class NM
3.50% due 04/25/2013		19,941		19,871
Federal National Mortgage Association, Series
2004-21, Class AC
4.00% due 05/25/2016		45,221		45,303
Federal National Mortgage Association, Series
2006-3136, Class PB
6.00% due 01/15/2030		375,000		385,746
Federal National Mortgage Association, Series
2006-B2, Class AB
5.50% due 05/25/2014		293,271		293,698
Federal National Mortgage Association, Strip,
Series 319, Class 2
6.50% IO due 02/01/2032		27,495		6,360
GE Capital Commercial Mortgage Corp.,
Series 2001-1, Class A2
6.531% due 05/15/2033		400,000		401,612
GE Capital Commercial Mortgage Corp.,
Series 2005-C4, Class A1
5.082% due 11/10/2045		311,724		307,526
GMAC Commercial Mortgage Securities, Inc.,
Series 2001-C2, Class A2
6.70% due 04/15/2034		60,000		60,557
Government National Mortgage Association, Series
1997-16, Class PL
6.50% due 10/20/2027		429,000		440,087
Government National Mortgage Association, Series
1998-12, Class Z
6.50% due 05/20/2028		35,866		36,674
Government National Mortgage Association, Series
1998-6, Class EA
zero coupon PO due 03/16/2028		33,990		28,497
Government National Mortgage Association, Series
2001-48, Class PC
6.50% due 10/20/2031		234,832		239,694
Government National Mortgage Association, Series
2001-56, Class PH
6.50% due 11/20/2031		308,852		314,142
Government National Mortgage Association, Series
2003-3, Class LM
5.50% due 02/20/2032		431,427		440,113
Government National Mortgage Association, Series
2003-49, Class C
4.485% due 10/16/2033 (b)		59,000		54,593
Government National Mortgage Association, Series
2004-1, Class 1
zero coupon PO due 07/20/2034		225,905		175,993
Government National Mortgage Association, Series
2004-108, Class A
3.999% due 05/16/2027		239,022		238,382

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Government National Mortgage Association, Series
2004-43, Class A
2.822% due 12/16/2019	$	787,699	$	773,781
Government National Mortgage Association, Series
2004-43, Class D
4.994% due 03/16/2030 (b)		49,000		48,303
Government National Mortgage Association, Series
2004-44, Class PC
5.50% due 05/20/2031		927,000		947,327
Government National Mortgage Association, Series
2005-94, Class PB
5.50% due 12/20/2035		135,000		131,077
Government National Mortgage Association, Series
2007-77, Class B
4.314% due 10/16/2029 (b)		400,000		393,867
Government National Mortgage Association, Series
2008-8, Class A
3.612% due 11/16/2027		1,105,971		1,093,040
Greenwich Capital Commercial Funding Corp.,
Series 2004-GG1, Class A3
4.344% due 06/10/2036		126,192		125,251
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class A2
4.305% due 08/10/2042		785,000		769,402
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class A3
4.569% due 08/10/2042 (b)		600,000		566,975
Greenwich Capital Commercial Funding Corp.,
Series 2005-GG3, Class AAB
4.619% due 08/10/2042 (b)		124,000		116,318
Greenwich Capital Commercial Funding Corp.,
Series 2007-GG9, Class A1
5.233% due 03/10/2039		278,009		267,845
Greenwich Capital Commercial Funding Corp.,
Series 2007-GG9, Class A4
5.444% due 03/10/2039		50,000		42,256
GS Mortgage Securities Corp. II, Series 2006-GG6,
Class A4
5.553% due 04/10/2038 (b)		500,000		451,165
JP Morgan Mortgage Trust, Series 2005-A7, Class
3A1
5.3499% due 10/25/2035 (b)		1,028,223		891,919
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2001-CIB2, Class A2
6.244% due 04/15/2035		673,790		673,339
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2001-CIBC, Class A3
6.26% due 03/15/2033		225,143		225,054
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2003-LN1, Class A1
4.134% due 10/15/2037		487,835		460,820
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2005-LDP4, Class ASB
4.824% due 10/15/2042 (b)		533,000		496,364
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2006-CB14, Class A4
5.481% due 12/12/2044 (b)		60,000		53,051
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2006-CB17, Class A1
5.279% due 12/12/2043		186,123		180,394

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

356

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2006-LDP9, Class A1
5.17% due 05/15/2047	$	225,887	$	219,623
JP Morgan Chase Commercial Mortgage Securities Corp.,
Series 2007-LD11, Class A4
6.0071% due 06/15/2049 (b)		440,000		376,482
LB-UBS Commercial Mortgage Trust,
Series 2003-C7, Class A3
4.559% due 09/15/2027 (b)		525,000		506,942
LB-UBS Commercial Mortgage Trust,
Series 2004-C2, Class A2
3.246% due 03/15/2029		1,375,000		1,359,780
LB-UBS Commercial Mortgage Trust,
Series 2005-C1, Class A4
4.742% due 02/15/2030		688,000		617,880
LB-UBS Commercial Mortgage Trust,
Series 2006-C1, Class A1
5.018% due 02/15/2031		326,250		320,769
LB-UBS Commercial Mortgage Trust,
Series 2006-C1, Class A4
5.156% due 02/15/2031		1,267,500		1,110,732
LB-UBS Commercial Mortgage Trust,
Series 2007-C2, Class A3
5.43% due 02/15/2040		50,000		41,939
Morgan Stanley Capital I, Series 2006-T23, Class A4
5.984% due 08/12/2041		460,000		416,423
Morgan Stanley Capital I, Series 2007-HQ11,
Class A4
5.447% due 02/12/2044 (b)		1,200,000		1,005,372
Morgan Stanley Capital I, Series 2007-IQ14, Class
A4
5.692% due 04/15/2049 (b)		50,000		42,472
Morgan Stanley Capital I, Series 2007-IQ15, Class
A4
6.0768% due 06/11/2049 (b)		1,075,000		930,403
Morgan Stanley Capital I, Series 2007-T27, Class A1
5.606% due 06/11/2042		633,608		606,057
Morgan Stanley Capital I, Series 2007-T27, Class A2
5.803% due 06/13/2042 (b)		400,000		375,677
Morgan Stanley Capital I, Series 2007-T27, Class A4
5.6504% due 06/13/2042 (b)		625,000		541,872
Morgan Stanley Capital I, Series 2008-T29, Class A4
6.4579% due 01/11/2043 (b)		50,000		44,257
Morgan Stanley Dean Witter
Capital I, Series 2002-TOP7, Class A1
5.38% due 01/15/2039		21,619		21,447
Morgan Stanley Dean Witter
Capital I, Series 2002-TOP7, Class A2
5.98% due 01/15/2039		312,000		306,456
Morgan Stanley Capital I, Series 2006-T23, Class A1
5.682% due 08/12/2041		160,741		157,769
PNC Mortgage Acceptance Corp., Series
1999-CM1, Class A1B
7.33% due 12/10/2032 (b)		831,062		838,529
Vendee Mortgage Trust, Series 1996-3, Class 4
9.596% due 03/15/2025 (b)		14,954		16,268
Wells Fargo Mortgage Backed Securities Trust,
Series 2003-O, Class 5A1
4.814% due 01/25/2034 (b)		509,112		475,943

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR2, Class 2A2
4.5485% due 03/25/2035 (b)	$	367,716	$	317,967
Wells Fargo Mortgage Backed Securities Trust,
Series 2005-AR2, Class 3A1
4.9313% due 03/25/2035 (b)		224,084		202,528
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR12, Class 1A1
6.2079% due 09/25/2036 (b)		1,241,589		1,014,968
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR16, Class A1
5.6651% due 10/25/2036 (b)		1,011,456		854,097
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $46,755,730)			$	44,786,372
ASSET BACKED SECURITIES - 2.15%
AmeriCredit Automobile Receivables Trust,
Series 2006-RM, Class A3
5.53% due 01/06/2014		1,975,000		1,704,097
BankBoston Home Equity Loan Trust,
Series 1998-2, Class A6
6.64% due 12/25/2028		44,394		36,990
Bay View Auto Trust, Series 2005-3, Class A4
5.01% due 06/25/2014		342,000		341,331
Cabela's Master Credit Card Trust, Series 2005-1A,
Class A1
4.97% due 10/15/2013 (g)		135,000		129,623
Capital Auto Receivables Asset Trust,
Series 2006-SN1A, Class B
5.50% due 04/20/2010 (g)		275,000		267,548
Capital Auto Receivables Asset Trust,
Series 2006-SN1A, Class A4A
5.32% due 03/20/2010 (g)		1,550,000		1,552,257
Capital Auto Receivables Asset Trust,
Series 2006-SN1A, Class A4B
3.2975% due 03/20/2010 (b)(g)		300,000		298,677
Capital One Multi-Asset Execution Trust, Series
2003-C3, Class C3
4.7375% due 07/15/2016 (b)		40,000		32,727
Capital One Multi-Asset Execution Trust, Series
2003-C4, Class C4
6.00% due 08/15/2013		335,000		311,325
Capital One Multi-Asset Execution Trust, Series
2007-C3, Class C3
2.7775% due 04/15/2013		130,000		115,821
Capital One Multi-Asset Execution Trust, Series
2008-A1, Class A
3.2375% due 11/15/2012 (b)		1,125,000		1,115,224
Capital One Prime Auto Receivables Trust, Series
2006-1, Class A4
5.01% due 11/15/2011		540,000		534,595
Capital One Prime Auto Receivables Trust, Series
2006-2, Class A4
4.94% due 07/15/2012		450,000		443,078
Chase Funding Mortgage Loan Asset-Backed
Certificates, Series 2002-2, Class 1M1
5.599% due 09/25/2031		17,845		13,629
Chase Funding Mortgage Loan Asset-Backed
Certificates, Series 2002-4, Class 2A1
3.9469% due 10/25/2032 (b)		9,589		8,738

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

357

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Chase Funding Mortgage Loan Asset-Backed
Certificates, Series 2003-3, Class 1A6
3.717% due 10/25/2014	$	120,665	$	111,541
Citibank Credit Card Issuance Trust, Series
2006-A2, Class A2
4.85% due 02/10/2011		1,075,000		1,076,061
Citibank Credit Card Issuance Trust, Series
2007-A5, Class A5
5.50% due 06/22/2012		1,100,000		1,109,874
CNH Equipment Trust, Series 2007-A, Class A3
4.99% due 10/15/2010		285,120		285,620
CNH Equipment Trust, Series 2007-A, Class B
5.09% due 06/16/2014		295,000		270,755
Daimler Chrysler Auto Trust, Series 2008-A, Class
A3A
3.70% due 06/08/2012		475,000		461,463
Detroit Edison Securitization Funding LLC,
Series 2001-1, Class A5
6.42% due 03/01/2015		425,000		435,330
Florida Power & Light Recovery Funding LLC,
Series 2007-A, Class A2
5.044% due 08/01/2015		700,000		707,571
GE Capital Credit Card Master Note Trust,
Series 2006-1, Class A
5.08% due 09/15/2012		345,000		339,788
GE Equipment Small Ticket LLC,
Series 2005-1A, Class A4
4.51% due 12/22/2014 (g)		279,382		277,595
Honda Auto Receivables Owner Trust,
Series 2007-1, Class A3
5.10% due 03/18/2011		436,694		436,775
Household Automotive Trust,
Series 2006-2, Class A4
5.67% due 06/17/2013		220,000		209,004
Hyundai Auto Receivables Trust,
Series 2006-A, Class A4
5.26% due 11/15/2012		160,000		159,476
John Deere Owner Trust, Series 2005-A, Class A4
4.16% due 05/15/2012		29,212		29,078
John Deere Owner Trust, Series 2006-A, Class A4
5.39% due 06/17/2013		225,000		223,860
John Deere Owner Trust, Series 2008-A, Class A2
3.63% due 03/15/2011		500,000		496,004
John Deere Owner Trust, Series 2008-A, Class A3
4.18% due 06/15/2012		300,000		293,744
JP Morgan Auto Receivables Trust,
Series 2007-A, Class A4
5.19% due 02/15/2014 (g)		240,000		236,820
M&I Auto Loan Trust, Series 2005-1, Class A4
4.86% due 03/21/2011		98,310		98,434
Marriott Vacation Club Owner Trust,
Series 2006-1A, Class A
5.737% due 04/20/2028 (g)		548,207		530,742
Marriott Vacation Club Owner Trust,
Series 2006-1A, Class B
5.827% due 04/20/2028 (g)		18,505		16,660
Marriott Vacation Club Owner Trust,
Series 2006-2A, Class A
5.362% due 10/20/2028 (g)		196,588		181,836

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
MBNA Credit Card Master Note Trust, Series
2006-C3, Class C3
2.7568% due 10/15/2013 (b)	$	425,000	$	362,224
MBNA Credit Card Master Note Trust,
Series 2005-A3, Class A3
4.10% due 10/15/2012		250,000		246,974
Nissan Auto Receivables Owner Trust, Series
2008-A, Class A3
3.89% due 08/15/2011		275,000		267,012
Nordstrom Private Label
Credit Card Master Note Trust,
Series 2007-1A, Class A
4.92% due 05/15/2013 (g)		350,000		345,145
Onyx Acceptance Owner
Trust, Series 2005-A, ClassA4
3.91% due 09/15/2011		71,379		68,616
Peco Energy Transition Trust,
Series 2000-A, Class A4
7.65% due 03/01/2010		500,000		512,599
Peco Energy Transition Trust,
Series 2001-A, Class A1
6.52% due 12/31/2010		381,000		391,012
PP&L Transition Bond Company LLC,
Series 1999-1, Class A8
7.15% due 06/25/2009		15,384		15,477
PSE&G Transition Funding LLC,
Series 2001-1, Class A6
6.61% due 06/15/2015		412,000		427,169
Reliant Energy Transport Bond Company,
Series 2001-1, Class A4
5.63% due 09/15/2015		284,000		286,087
Residential Asset Mortgage Products, Inc.,
Series 2003-RZ2, Class A1
3.60% due 04/25/2033		20,172		17,940
SLM Student Loan Trust, Series 2008-4, Class A2
3.85% due 07/25/2016 (b)		725,000		724,306
Sovereign Bank Home Equity Loan Trust,
Series 2000-1, Class A6
7.25% due 02/25/2015		4,347		3,190
Triad Auto Receivables Owner Trust,
Series 2006-B, Class A3
5.41% due 08/12/2011		215,315		212,964
Triad Auto Receivables Owner Trust,
Series 2006-B, Class A4
5.52% due 11/12/2012		525,000		500,651
USAA Auto Owner Trust, Series 2005-2, Class A4
4.17% due 02/15/2011		122,873		122,746
USAA Auto Owner Trust, Series 2007-1, Class A4
5.55% due 02/15/2013		780,000		777,227
USAA Auto Owner Trust, Series 2007-2, Class A3
4.90% due 02/15/2012		1,200,000		1,191,341
USAA Auto Owner Trust, Series 2008-1, Class A3
4.16% due 04/16/2012		425,000		419,100
Volkswagen Auto Loan Enhanced Trust, Series
2007-1, Class A3
5.20% due 01/20/2010		168,078		168,528
Volkswagen Auto Lease Trust,
Series 2006-A, Class A4
5.54% due 04/20/2011		385,000		386,594

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

358

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Spectrum Income Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Wachovia Auto Loan Owner Trust, Series 2007-1,
Class A3A
5.29% due 04/20/2012	$	350,000	$	344,524
Wachovia Auto Owner Trust,
Series 2006-A, Class A4
5.38% due 03/20/2013		225,000		213,661
TOTAL ASSET BACKED SECURITIES
(Cost $23,552,008)			$	22,898,778
SUPRANATIONAL OBLIGATIONS - 0.36%
Government - 0.36%
European Investment Bank
8.75% due 08/25/2017	GBP	350,000		790,013
European Investment Bank, EMTN
4.75% due 10/15/2017	EUR	990,000		1,416,858
Inter-American Development Bank
4.40% due 01/26/2026	CAD	745,000		639,079
International Finance Corp., MTN
7.50% due 02/28/2013	AUD	680,000		564,636
Queensland Treasury Corp., Series 17
6.00% due 09/14/2017		445,000		351,166
Santa Fe de Bogota DC
0.0045% due 07/26/2028	COP	240,000,000		92,489
				3,854,241
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $4,025,193)			$	3,854,241
SHORT TERM INVESTMENTS - 2.64%
Bank of New York
5.41% due 05/15/2009	$	300,000	$	303,111
Egypt Treasury Bills, Series 364
zero coupon due 11/04/2008	EGP	1,025,000		185,467
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	2,450,268		2,450,268
T. Rowe Price Reserve Investment Fund,
2.7528%		25,261,686		25,261,686
TOTAL SHORT TERM INVESTMENTS
(Cost $28,201,086)			$	28,200,532
REPURCHASE AGREEMENTS - 0.12%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$1,291,045 on 10/01/2008,
collateralized by $1,250,000
Federal Home Loan Mortgage
Corp., 5.75% due 06/27/2016
(valued at $1,321,875, including
interest)	$	1,291,000	$	1,291,000
TOTAL REPURCHASE AGREEMENTS
(Cost $1,291,000)			$	1,291,000
Total Investments (Spectrum Income Trust)
(Cost $1,162,121,308) - 102.28%			$	1,091,304,496
Liabilities in Excess of Other Assets - (2.28)%				(24,371,542)
TOTAL NET ASSETS - 100.00%			$	1,066,932,954

Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
GOVERNMENT NATIONAL MORTGAGE
ASSOCIATION - 100.00%
Government National Mortgage Association
5.50%, TBA **	$	5,447,000	$	5,430,829
6.00%, TBA **		8,384,000	$	8,490,110
TOTAL GOVERNMENT NATIONAL
MORTGAGE
ASSOCIATION (Proceeds $14,015,043)			$	13,920,939
Total Securities Sold Short (Spectrum Income Trust)
(Proceeds $14,015,043)			$	13,920,939
Strategic Bond Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 1.96%
Treasury Inflation-Protected
Securities (d) - 1.78%
2.00% due 01/15/2016	$	55,403	$	54,732
2.375% due 01/15/2017 to 01/15/2025		11,220,333		10,899,902
2.625% due 07/15/2017		244,060		251,344
				11,205,978
U.S. Treasury Bonds - 0.03%
5.375% due 02/15/2031		150,000		170,449
U.S. Treasury Notes - 0.15%
2.625% due 05/31/2010		100,000		101,140
3.125% due 09/30/2013		850,000		855,844
				956,984
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $13,539,987)			$	12,333,411
U.S. GOVERNMENT AGENCY OBLIGATIONS - 27.15%
Federal Home Loan Bank - 0.14%
3.625% due 05/29/2013		900,000		882,089
Federal Home Loan Mortgage Corp. - 4.29%
5.00% due 12/01/2034		135,442		132,114
5.45% due 07/09/2010		240,000		241,591
5.50% due 11/01/2035 to 12/01/2037		24,793,100		24,667,409
5.50% TBA **		2,000,000		1,987,344
8.00% due 05/01/2010		181		196
				27,028,654
Federal National Mortgage
Association - 16.37%
5.00% due 08/01/2034 to 11/01/2036		7,165,925		6,995,139
5.00% TBA **		59,800,000		58,202,216
5.038% due 11/01/2035		239,083		242,826
5.25% due 08/01/2012		290,000		290,638
5.50% due 04/01/2036 to 11/01/2036		8,946,083		8,844,177
5.50% TBA **		26,240,000		26,133,400
6.00% due 04/18/2036		970,000		997,267
6.00% TBA **		500,000		509,219
6.25% due 02/01/2011		360,000		377,817
7.50% due 07/01/2030 to 02/01/2031		13,569		14,525
8.00% due 07/01/2027 to 08/01/2027		62,992		67,243

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

359

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
8.80% due 01/25/2019	$	48,224	$	52,614
10.40% due 04/25/2019		12,885		14,051
5.00% due 10/15/2010		240,000		240,215
				102,981,347
Government National Mortgage
Association - 2.71%
5.00% due 04/15/2034 to 04/15/2035		4,406,469		4,328,255
6.00% TBA **		12,500,000		12,678,317
7.50% due 04/15/2022 to 10/15/2027		20,680		22,152
				17,028,724
Mortgage Securities - 3.64%
5.50% due 02/01/2035 to 05/01/2038		22,738,648		22,699,698
5.00% TBA **		200,000		196,125
				22,895,823
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $169,488,467)			$	170,816,637
FOREIGN GOVERNMENT OBLIGATIONS - 4.18%
Brazil - 1.80%
Federative Republic of Brazil
6.00% due 05/15/2015	BRL	1,130,000		929,870
6.00% due 05/15/2017		1,231,000		986,591
10.00% due 07/01/2010		18,700,000		9,439,043
10.00% due 01/01/2010		1,000		513
				11,356,017
Indonesia - 0.32%
Republic of Indonesia
11.00% due 09/15/2025	IDR	22,533,000,000		1,998,713
Italy - 0.35%
Republic of Italy
5.804% due 10/25/2032	$	1,948,000		2,183,922
Russia - 0.73%
Government of Russia
7.50% due 03/31/2030		4,467,960		4,574,074
Turkey - 0.98%
Republic of Turkey
6.875% due 03/17/2036		7,051,000		6,204,880
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $27,282,287)			$	26,317,606
CORPORATE BONDS - 51.75%
Basic Materials - 3.98%
Abitibi-Consolidated Company of Canada
13.75% due 04/01/2011 (g)		980,000		975,100
Appleton Papers, Inc.
8.125% due 06/15/2011		50,000		43,875
Appleton Papers, Inc., Series B
9.75% due 06/15/2014		430,000		330,025
Arco Chemical Company
9.80% due 02/01/2020		100,000		60,000
Evraz Group SA
8.875% due 04/24/2013 (g)		1,460,000		1,109,600

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Basic Materials (continued)
Freeport-McMoRan Copper & Gold, Inc.
8.375% due 04/01/2017	$	2,560,000	$	2,521,600
Georgia Gulf Corp.
9.50% due 10/15/2014		40,000		24,600
10.75% due 10/15/2016		905,000		407,250
GTL Trade Finance, Inc.
7.25% due 10/20/2017 (g)		3,310,000		3,173,595
Huntsman International LLC
7.875% due 11/15/2014		140,000		120,400
Methanex Corp.
8.75% due 08/15/2012		205,000		211,150
Montell Finance Company BV
8.10% due 03/15/2027 (g)		270,000		121,500
NewPage Corp.
9.0506% due 05/01/2012 (b)		2,545,000		2,277,775
Noranda Aluminium Holding Corp.
8.5775% due 11/15/2014 (b)		240,000		158,400
Novelis, Inc.
7.25% due 02/15/2015		3,055,000		2,657,850
Ryerson, Inc.
12.00% due 11/01/2015 (g)		4,235,000		3,599,750
Smurfit Capital Funding PLC
7.50% due 11/20/2025		300,000		249,000
Steel Dynamics, Inc.
7.375% due 11/01/2012		150,000		137,250
Tube City IMS Corp.
9.75% due 02/01/2015		235,000		209,150
Vale Overseas, Ltd.
6.875% due 11/21/2036		4,625,000		4,116,745
8.25% due 01/17/2034		50,000		52,242
Vedanta Resources PLC
8.75% due 01/15/2014 (g)		820,000		731,276
Verso Paper Holdings LLC / Verson Paper Inc.,
Series B
11.375% due 08/01/2016		980,000		793,800
Weyerhaeuser Company
6.75% due 03/15/2012		990,000		978,454
				25,060,387
Communications - 5.20%
Affinion Group, Inc.
10.125% due 10/15/2013		670,000		629,800
11.50% due 10/15/2015		170,000		158,100
ALLTEL Communications, Inc., PIK
10.375% due 12/01/2017 (g)		190,000		216,600
AT&T Broadband Corp.
8.375% due 03/15/2013		1,580,000		1,657,088
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		3,554,000		2,345,640
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 10/01/2013		480,000		403,200
Charter Communications Holdings LLC
11.75 due 05/15/2011		2,980,000		1,728,400
12.125 due 01/15/2012		90,000		54,450
Charter Communications, Inc.
10.875% due 09/15/2014		550,000		533,500

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

360

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Cincinnati Bell Telephone Company
6.30% due 12/01/2028	$	70,000	$	49,700
Citizens Communications Company
7.875% due 01/15/2027		300,000		225,000
Comcast Corp.
6.50% due 01/15/2015		860,000		826,322
6.50% due 01/15/2017		450,000		422,934
CSC Holdings, Inc.
6.75% due 04/15/2012		400,000		366,500
CSC Holdings, Inc., Series B
8.125% due 08/15/2009		550,000		544,500
8.125% due 07/15/2009		75,000		74,250
Deutsche Telekom International Finance BV
5.75% due 03/23/2016		820,000		731,465
Dex Media West LLC
9.875% due 08/15/2013		145,000		89,900
Echostar DBS Corp.
7.75% due 05/31/2015		1,425,000		1,207,687
Expedia Inc.
8.50% due 07/01/2016 (g)		45,000		40,500
Hawaiian Telcom Communications, Inc., Series B
12.50% due 05/01/2015		165,000		23,100
Idearc, Inc.
8.00% due 11/15/2016		1,780,000		485,050
Intelsat Bermuda, Ltd.
11.25% due 06/15/2016		710,000		690,475
Level 3 Financing, Inc.
9.25% due 11/01/2014		670,000		505,850
News America, Inc.
5.30% due 12/15/2014		5,010,000		4,762,431
6.65% due 11/15/2037		70,000		58,711
Nextel Communications, Inc.
6.875% due 10/31/2013		250,000		170,000
Nordic Telephone Company Holdings
8.875% due 05/01/2016 (g)		715,000		650,650
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014		555,000		480,075
Qwest Corp.
6.0687% due 06/15/2013 (b)		30,000		25,500
Rogers Wireless, Inc.
8.00% due 12/15/2012		140,000		139,650
Royal KPN NV
8.00% due 10/01/2010		1,090,000		1,142,189
Sprint Capital Corp.
8.375% due 03/15/2012		2,920,000		2,628,000
Telecom Italia Capital SA
5.25% due 10/01/2015		880,000		732,512
Time Warner Entertainment Company LP
8.375% due 07/15/2033		820,000		779,539
Time Warner, Inc.
7.625% due 04/15/2031		1,775,000		1,541,339
TL Acquisitions, Inc.
10.50% due 01/15/2015 (g)		2,580,000		2,038,200
True Move Company, Ltd.
10.75% due 12/16/2013 (g)		680,000		459,000
Verizon Florida LLC, Series F
6.125% due 01/15/2013		520,000		502,856
Vimpelcom
8.375% due 04/30/2013 (g)		1,220,000		969,983

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Virgin Media, Inc.
9.125% due 08/15/2016	$	1,395,000	$	1,168,313
Windstream Corp.
8.625% due 08/01/2016		470,000		433,575
				32,692,534
Consumer, Cyclical - 4.88%
Blockbuster, Inc.
9.00% due 09/01/2012		1,670,000		1,194,050
Boyd Gaming Corp.
6.75% due 04/15/2014		575,000		412,562
Buffets, Inc.
12.50% due 11/01/2014 ^		300,000		3,000
Choctaw Resort Development Enterprise
7.25% due 11/15/2019 (g)		399,000		299,250
Continental Airlines, Inc., Series C
7.339% due 04/19/2014		170,000		127,500
CVS Corp.
9.35% due 01/10/2023 (g)		3,000,000		2,790,000
CVS Pass-Through Trust
6.036% due 12/10/2028 (g)		815,887		732,299
DAE Aviation Holdings, Inc.
11.25% due 08/01/2015 (g)		3,550,000		3,301,500
Dollar General Corp., PIK
11.875% due 07/15/2017		510,000		471,750
El Pollo Loco, Inc.
11.75% due 11/15/2013		140,000		133,700
Ford Motor Company
6.625% due 10/01/2028		225,000		85,500
7.45% due 07/16/2031		8,155,000		3,506,650
8.875% due 01/15/2022		145,000		65,975
8.90% due 01/15/2032		150,000		67,500
General Motors Corp.
8.25% due 07/15/2023		870,000		341,475
8.375% due 07/15/2033		18,270,000		7,308,000
Inn of the Mountain Gods Resort & Casino
12.00% due 11/15/2010		345,000		234,600
Interface, Inc.
9.50% due 02/01/2014		150,000		151,500
10.375% due 02/01/2010		225,000		229,500
K Hovnanian Enterprises, Inc.
11.50% due 05/01/2013 (g)		1,125,000		1,102,500
Keystone Automotive Operations, Inc.
9.75% due 11/01/2013		300,000		159,000
MGM Mirage, Inc.
7.625% due 01/15/2017		450,000		324,000
8.375% due 02/01/2011		245,000		200,288
Michaels Stores, Inc.
10.00% due 11/01/2014		1,200,000		756,000
11.375% due 11/01/2016		130,000		61,425
Mohegan Tribal Gaming Authority
6.875% due 02/15/2015		250,000		172,500
7.125% due 08/15/2014		225,000		159,750
Neiman Marcus Group, Inc.
9.00% due 10/15/2015		2,715,000		2,273,813
Norcraft Companies LP
9.00% due 11/01/2011		720,000		691,200
Norcraft Holdings Capital
9.75 due 09/01/2012		285,000		256,500

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

361

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
River Rock Entertainment Authority
9.75% due 11/01/2011	$	40,000	$	36,800
Sbarro, Inc.
10.375% due 02/01/2015		260,000		178,100
Station Casinos, Inc.
7.75% due 08/15/2016		420,000		227,850
Suburban Propane Partners LP
6.875% due 12/15/2013		560,000		495,600
Visteon Corp.
8.25% due 08/01/2010		814,000		675,620
12.25% due 12/31/2016 (g)		2,102,000		1,261,200
Wal-Mart Stores, Inc.
5.80% due 02/15/2018		210,000		205,151
				30,693,608
Consumer, Non-cyclical - 4.89%
Advanced Medical Optics, Inc.
7.50% due 05/01/2017		145,000		126,150
Alliance One International, Inc.
8.50% due 05/15/2012		60,000		55,500
11.00% due 05/15/2012		600,000		588,000
American Greetings Corp.
7.375% due 06/01/2016		30,000		27,300
Ashtead Capital, Inc.
9.00% due 08/15/2016 (g)		831,000		714,660
Biomet, Inc.
11.625% due 10/15/2017		1,800,000		1,809,000
Community Health Systems, Inc.
8.875% due 07/15/2015		540,000		513,000
Corrections Corp. of America
6.75% due 01/31/2014		350,000		329,000
DaVita, Inc.
7.25% due 03/15/2015		610,000		579,500
DI Finance/DynCorp International LLC, Series B
9.50% due 02/15/2013		500,000		490,000
Dole Food Company, Inc.
8.625% due 05/01/2009		1,300,000		1,241,500
8.875% due 03/15/2011		742,000		623,280
Education Management Corp.
10.25% due 06/01/2016		1,550,000		1,240,000
H&E Equipment Services, Inc.
8.375% due 07/15/2016		670,000		495,800
HCA, Inc.
6.375% due 01/15/2015		630,000		496,125
7.50% due 11/06/2033		50,000		35,500
9.125% due 11/15/2014		1,030,000		1,001,675
9.25% due 11/15/2016		1,820,000		1,769,950
9.625% due 11/15/2016		4,003,000		3,802,850
Hertz Corp.
8.875% due 01/01/2014		355,000		306,187
10.50% due 01/01/2016		2,080,000		1,736,800
Humana, Inc.
6.30% due 08/01/2018		1,980,000		1,749,920
Kroger Company
6.15% due 01/15/2020		80,000		73,344
6.40% due 08/15/2017		60,000		57,531
Leiner Health Products, Inc.
11.00% due 06/01/2012 ^		770,000		38,500

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
Penhall International Corp.
12.00% due 08/01/2014 (g)	$	2,875,000	$	1,983,750
Rental Service Corp.
9.50% due 12/01/2014		3,565,000		2,700,487
Service Corp. International
7.50% due 04/01/2027		45,000		34,425
7.625% due 10/01/2018		105,000		93,975
Tenet Healthcare Corp.
6.875% due 11/15/2031		6,200,000		4,216,000
7.375% due 02/01/2013		9,000		8,190
U.S. Investigations Services, Inc.
10.50% due 11/01/2015 (g)		750,000		667,500
U.S. Oncology Holdings, Inc., PIK
8.3343% due 03/15/2012		337,632		258,289
Universal Hospital Services, Inc.
6.3025% due 06/01/2015 (b)		70,000		61,600
8.50% due 06/01/2015		60,000		55,950
Vanguard Health Holding Company II LLC
9.00% due 10/01/2014		840,000		810,600
				30,791,838
Diversified - 0.23%
Leucadia National Corp.
7.125% due 03/15/2017		10,000		9,100
8.125% due 09/15/2015		1,450,000		1,410,125
				1,419,225
Energy - 7.07%
Anadarko Finance Company, Series B
7.50% due 05/01/2031		1,370,000		1,256,272
Anadarko Petroleum Corp.
3.1762% due 09/15/2009 (b)		1,340,000		1,324,221
5.95% due 09/15/2016		100,000		91,911
Belden & Blake Corp.
8.75% due 07/15/2012		1,070,000		973,700
Chesapeake Energy Corp.
6.25% due 01/15/2018		245,000		209,475
6.625% due 01/15/2016		105,000		94,237
6.875% due 01/15/2016		550,000		501,875
7.00% due 08/15/2014		300,000		280,500
7.25% due 12/15/2018		305,000		280,600
Compagnie Generale de Geophysique SA
7.50% due 05/15/2015		95,000		90,725
Complete Production Services, Inc.
8.00% due 12/15/2016		350,000		332,500
Conoco, Inc.
6.95% due 04/15/2029		2,200,000		2,211,902
Corral Finans AB, PIK
4.2906% due 04/15/2010 (b)(g)		209,103		170,419
Dynegy Holdings, Inc.
7.75% due 06/01/2019		510,000		408,000
El Paso Corp.
7.00% due 06/15/2017		2,020,000		1,804,593
7.375% due 12/15/2012		725,000		697,145
7.75% due 01/15/2032		10,155,000		8,499,258
7.80% due 08/01/2031		3,373,000		2,841,810
7.875% due 06/15/2012		600,000		590,486
El Paso Natural Gas Company
8.375% due 06/15/2032		880,000		842,998

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

362

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Enterprise Products Operating LP
8.375% due 08/01/2066 (b)	$	300,000	$	278,091
Exco Resources, Inc.
7.25% due 01/15/2011		515,000		486,675
Gaz Capital for Gazprom
6.212% due 11/22/2016 (g)		1,680,000		1,328,477
6.51% due 03/07/2022 (g)		930,000		669,600
8.625% due 04/28/2034		1,175,000		1,069,250
Hess Corp.
7.30% due 08/15/2031		1,220,000		1,116,584
7.875% due 10/01/2029		150,000		146,619
International Coal Group, Inc.
10.25% due 07/15/2014		325,000		290,063
KazMunaiGaz Finance Sub BV
8.375% due 07/02/2013 (g)		1,660,000		1,427,600
Kerr-McGee Corp.
6.95% due 07/01/2024		900,000		850,766
Key Energy Services, Inc.
8.375% due 12/01/2014 (g)		250,000		240,000
Kinder Morgan Energy Partners LP
5.00% due 12/15/2013		245,000		226,915
6.30% due 02/01/2009		190,000		189,749
6.75% due 03/15/2011		190,000		192,396
7.125% due 03/15/2012		25,000		25,276
Mariner Energy, Inc.
7.50% due 04/15/2013		140,000		123,900
OAO Gazprom
9.625% due 03/01/2013		300,000		292,500
OPTI Canada, Inc.
7.875% due 12/15/2014		310,000		274,350
8.25% due 12/15/2014		200,000		179,000
Pemex Project Funding Master Trust
6.625% due 06/15/2035		9,343,000		8,556,226
6.625% due 06/15/2035 (g)		280,000		256,421
PetroHawk Energy Corp.
9.125% due 07/15/2013		205,000		192,700
Pride International, Inc.
7.375% due 07/15/2014		355,000		339,025
Quicksilver Resources, Inc.
7.125% due 04/01/2016		375,000		305,625
SemGroup LP
8.75% due 11/15/2015 (g)		250,000		25,000
VeraSun Energy Corp.
9.375% due 06/01/2017		170,000		67,150
9.875% due 12/15/2012		375,000		270,000
W&T Offshore, Inc.
8.25% due 06/15/2014 (g)		160,000		128,000
Whiting Petroleum Corp.
7.00% due 02/01/2014		575,000		488,750
Williams Companies, Inc.
7.625% due 07/15/2019		75,000		73,875
7.875% due 09/01/2021		635,000		635,000
8.75% due 03/15/2032		227,000		232,757
				44,480,967
Financial - 14.69%
Aiful Corp.
5.00% due 08/10/2010 (g)		860,000		668,048

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
American General Finance Corp.
6.90% due 12/15/2017	$	410,000	$	190,114
American International Group, Inc., MTN
5.85% due 01/16/2018		240,000		120,467
Ashton Woods USA
9.50% due 10/01/2015		130,000		58,500
Bank of America Corp.
5.42% due 03/15/2017		2,300,000		1,830,805
Bear Stearns Companies, Inc.
7.25% due 02/01/2018		3,860,000		3,714,767
CCM Merger, Inc.
8.00% due 08/01/2013 (g)		200,000		162,500
CDX North America High Yield, Series 8-T1
7.625% due 06/29/2012 (g)		13,632,300		12,456,514
Citigroup, Inc.
5.00% due 09/15/2014		1,570,000		1,203,738
5.625% due 08/27/2012		1,600,000		1,379,101
5.875% due 05/29/2037		12,160,000		8,431,087
6.125% due 08/25/2036		70,000		45,469
6.875% due 03/05/2038		1,760,000		1,439,620
Countrywide Financial Corp.
6.25% due 05/15/2016		610,000		434,272
Credit Suisse - Nassau
6.79% due 10/29/2009 (g)	RUB	29,480,000		1,118,559
7.00% due 10/27/2011 (g)		9,820,000		350,574
Credit Suisse USA, Inc.
5.50% due 08/16/2011	$	510,000		502,673
El Paso Performance-Linked Trust
7.75% due 07/15/2011 (g)		1,790,000		1,812,611
Emeralds 2006-1-O
3.0087% due 08/04/2020 (b)(g)		109,653		109,653
Ford Motor Credit Company
7.00% due 10/01/2013		100,000		61,456
Ford Motor Credit Company LLC
5.5381% due 01/13/2012 (b)		110,000		70,372
7.375% due 10/28/2009		130,000		104,516
7.80% due 06/01/2012		1,050,000		651,971
7.875% due 06/15/2010		2,825,000		2,156,399
8.0688% due 06/15/2011 (b)		1,179,000		858,471
9.875% due 08/10/2011		450,000		310,450
12.00% due 05/15/2015		16,410,000		12,522,651
Forest City Enterprises, Inc.
7.625% due 06/01/2015		10,000		8,000
General Motors Acceptance Corp.
5.85% due 01/14/2009		520,000		444,429
8.00% due 11/01/2031		21,400,000		8,073,728
Glitnir Banki HF
6.33% due 07/28/2011 (g)		720,000		569,549
6.375% due 09/25/2012 (g)		870,000		659,149
6.693% due 06/15/2016 (b)(g)		1,220,000		645,856
7.451% due 09/14/2049 (b)(g)		100,000		51,445
GMAC LLC
6.00% due 04/01/2011		2,846,000		1,348,221
Goldman Sachs Group LP
4.50% due 06/15/2010		1,090,000		1,011,824
Hawker Beechcraft Acquisition Company LLC
8.875% due 04/01/2015		980,000		886,900
9.75% due 04/01/2017		85,000		76,075

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

363

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
HSBC Bank PLC
zero coupon due 11/01/2011 (b)	RUB	21,807,000	$	817,976
HSBC Bank PLC, Series E, MTN
7.00% due 11/01/2011	$	151,880		134,083
HSBC Bank USA, BKNT
7.00% due 11/01/2011 (b)(g)		7,803		7,361
7.00% due 11/01/2011 (b)(g)		7,510		7,074
HSBC Finance Capital Trust IX
5.911% due 11/30/2035 (b)		3,200,000		2,403,603
ICICI Bank, Ltd.
6.375% due 04/30/2022 (b)(g)		746,000		514,912
6.375% due 04/30/2022 (b)		830,000		666,009
International Lease Finance Corp.
5.875% due 05/01/2013		1,545,000		977,341
J.P. Morgan Chase & Company
6.625% due 03/15/2012		1,925,000		1,891,903
Kaupthing Bank HF
7.125% due 05/19/2016 (g)		440,000		267,910
7.625% due 02/28/2015 (g)		2,410,000		1,283,020
Lehman Brothers Holdings, Inc.
4.50% due 07/26/2010 ^		1,380,000		172,500
6.20% due 09/26/2014 ^		440,000		55,000
Lehman Brothers Holdings, Inc., MTN
5.625% due 01/24/2013 ^		260,000		32,500
6.75% due 12/28/2017 ^		2,170,000		2,712
Merrill Lynch & Company, Inc.
5.70% due 05/02/2017		1,600,000		1,309,624
Morgan Stanley
3.235% due 10/18/2016 (b)		430,000		280,306
4.75% due 04/01/2014		4,030,000		2,136,283
Petroplus Finance, Ltd.
6.75% due 05/01/2014 (g)		175,000		147,875
7.00% due 05/01/2017 (g)		190,000		157,700
Realogy Corp.
10.50% due 04/15/2014		750,000		330,000
11.00% due 04/15/2014		300,000		114,750
12.375% due 04/15/2015		1,370,000		465,800
Residential Capital LLC
9.625% due 05/15/2015 (g)		4,000,000		960,000
RSHB Capital SA for OJSC Russian Agricultural
Bank
6.299% due 05/15/2017 (g)		1,590,000		1,135,101
Shinsei Finance Cayman, Ltd.
6.418% due 01/29/2049 (b)(g)		1,410,000		591,224
Snoqualmie Entertainment Authority
6.875% due 02/01/2014 (b)(g)		80,000		57,600
TNK-BP Finance SA
7.50% due 07/18/2016 (g)		2,560,000		1,792,000
7.875% due 03/13/2018 (g)		600,000		420,000
TuranAlem Finance BV
8.25% due 01/22/2037 (g)		2,590,000		1,450,400
8.25% due 01/22/2037		430,000		240,800
Vanguard Health Holding Company I LLC
11.25 due 10/01/2015		500,000		432,500
Ventas Realty LP/Ventas Capital Corp.
6.50% due 06/01/2016		65,000		61,425
6.75% due 04/01/2017		275,000		259,875
Wachovia Corp.
5.25% due 08/01/2014		3,280,000		2,011,247

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Wells Fargo Company
5.30% due 08/26/2011	$	2,360,000	$	2,332,527
				92,461,475
Industrial - 5.48%
Associated Materials, Inc.
zero coupon, Step up to 11.25% on
03/01/2009 due 03/01/2014		3,875,000		2,499,375
DRS Technologies, Inc.
6.625% due 02/01/2016		550,000		555,500
7.625% due 02/01/2018		50,000		52,250
Eastman Kodak Company
3.375% due 10/15/2033		7,830,000		7,203,600
7.25% due 11/15/2013		8,650,000		8,087,750
Graham Packaging Company
9.875% due 10/15/2014		330,000		287,100
Graphic Packaging International Corp.
9.50% due 08/15/2013		320,000		289,600
Grupo Transportacion Ferroviaria Mexicana,
SA de CV
9.375% due 05/01/2012		285,000		290,700
Kansas City Southern de Mexico SA de CV
7.375% due 06/01/2014		1,150,000		1,098,250
7.625% due 12/01/2013		80,000		76,400
Kansas City Southern Railway Company
7.50% due 06/15/2009		180,000		180,000
L-3 Communications Corp.
7.625% due 06/15/2012		850,000		837,250
Metals USA, Inc.
11.125% due 12/01/2015		650,000		624,000
NewPage Holding Corp.
9.9862% due 11/01/2013		1,907,544		1,688,176
Nortek, Inc.
8.50% due 09/01/2014		190,000		108,300
NTK Holdings, Inc.
10.75 due 03/01/2014		1,305,000		561,150
NXP BV/NXP Funding LLC
7.875% due 10/15/2014		205,000		137,350
9.50% due 10/15/2015		60,000		30,900
Plastipak Holdings, Inc.
8.50% due 12/15/2015 (g)		150,000		126,750
Radnor Holdings Corp.
11.00% due 03/15/2010 ^		175,000		219
Saint Acquisition Corp.
10.5544% due 05/15/2015 (b)(g)		190,000		58,900
12.50% due 05/15/2017 (g)		675,000		222,750
Sequa Corp.
11.75% due 12/01/2015 (g)		190,000		159,600
13.50% due 12/01/2015 (g)		190,000		159,600
Tyco International Group SA
6.00% due 11/15/2013		90,000		88,190
6.125% due 11/01/2008		1,780,000		1,782,510
6.125% due 01/15/2009		30,000		30,100
6.375% due 10/15/2011		280,000		282,279
6.75% due 02/15/2011		660,000		669,748
Tyco International, Ltd. / Tyco International Finance
SA
6.875% due 01/15/2021 (g)		5,130,000		4,895,303

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

364

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
Waste Management, Inc.
6.375% due 11/15/2012	$	1,370,000	$	1,372,082
				34,455,682
Technology - 0.48%
Activant Solutions, Inc.
9.50% due 05/01/2016		225,000		166,500
Ceridian Corp., PIK
12.25% due 11/15/2015 (g)		160,000		130,400
Electronic Data Systems Corp.
7.125% due 10/15/2009		1,370,000		1,392,083
Sungard Data Systems, Inc.
9.125% due 08/15/2013		438,000		394,200
10.25% due 08/15/2015		1,085,000		941,237
				3,024,420
Utilities - 4.85%
AES Corp.
7.75% due 03/01/2014		4,966,000		4,618,380
7.75% due 10/15/2015		400,000		363,000
8.00% due 10/15/2017		3,505,000		3,163,262
9.375% due 09/15/2010		1,730,000		1,730,000
Dominion Resources, Inc.
5.70% due 09/17/2012		1,370,000		1,356,807
Edison Mission Energy
7.00% due 05/15/2017		460,000		414,000
7.20% due 05/15/2019		610,000		536,800
7.625% due 05/15/2027		230,000		186,300
7.75% due 06/15/2016		260,000		244,400
Energy Future Holdings Corp.
11.25% due 11/01/2017 (g)		5,310,000		4,486,950
Exelon Corp.
5.625% due 06/15/2035		635,000		492,544
FirstEnergy Corp.
6.45% due 11/15/2011		820,000		823,911
7.375% due 11/15/2031		1,215,000		1,129,637
Mirant Mid Atlantic LLC, Series B
9.125% due 06/30/2017		760,349		783,159
Mirant North America LLC
7.375% due 12/31/2013		500,000		470,000
NRG Energy, Inc.
7.25% due 02/01/2014		1,725,000		1,599,938
7.375% due 02/01/2016		1,175,000		1,057,500
Orion Power Holdings, Inc.
12.00% due 05/01/2010		250,000		242,500
Pacific Gas & Electric Company
6.05% due 03/01/2034		930,000		820,892
TXU Corp., Series P
5.55% due 11/15/2014		1,580,000		1,179,086
TXU Corp., Series Q
6.50% due 11/15/2024		1,080,000		687,827
TXU Corp., Series R
6.55% due 11/15/2034		6,710,000		4,122,913
				30,509,806
TOTAL CORPORATE BONDS (Cost $418,813,587)			$	325,589,942

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS - 12.37%
Banc of America Commercial Mortgage, Inc.,
Series 2006-1, Class A4
5.372% due 09/10/2045 (b)	$	1,640,000	$	1,449,865
Banc of America Mortgage Securities,
Series 2005-C, Class 2A1
4.7089% due 04/25/2035 (b)		232,641		215,497
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-12, Class 24A1
5.7847% due 02/25/2036 (b)		1,874,573		1,186,472
Bear Stearns Alt-A Trust, Series 2004-11, Class 2A2
6.3628% due 11/25/2034 (b)		898,682		665,149
Bear Stearns Structured Products, Inc., Series
2007-R11, Class A1A
3.8069% due 09/27/2037 (b)(g)		6,761,928		6,440,736
Commercial Mortgage Asset Trust,
Series 1999-C1, Class C
7.35% due 01/17/2032		580,000		594,783
Commercial Mortgage Pass-Through Certificates,
Series 2001-J2A, Class A1
5.447% due 07/16/2034 (g)		502,123		494,348
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 1A1
3.3875% due 07/20/2046 (b)		3,747,588		2,272,764
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 2A1B
3.3875% due 07/20/2046 (b)		3,824,843		2,299,823
Countrywide Home Loans, Series 2005-9, Class 2A1
3.4269% due 05/25/2035 (b)		139,296		76,785
Countrywide Home Loans, Series 2006-HYB3,
Class 2A1A
5.708% due 04/20/2036 (b)		243,999		187,537
Countrywide Home Loans,
Series 2004-25, Class 2A1
3.5469% due 02/25/2035 (b)		197,531		137,122
Credit Suisse Mortgage Capital Certificates, Series
2006-C1, Class A4
5.609% due 02/15/2039 (b)		2,580,000		2,314,916
First Boston Mortgage Securities Corp., Series D
10.965% IO due 05/25/2017		18,302		4,047
First Union National Bank Commercial Mortgage,
Series 2000-C1
0.8123% IO due 05/17/2032		25,023,815		340,832
GMAC Mortgage Corp. Loan Trust, Series
2005-AR5, Class 3A1
5.0684% due 09/19/2035 (b)		87,862		81,482
Green Tree Financial Corp., Series 1997-6, Class A8
7.07% due 09/15/2007		713,971		702,216
Greenpoint Mortgage Funding Trust, Series
2005-AR4, Class 1A1
3.4669% due 10/25/2045 (b)		305,728		213,634
Greenpoint Mortgage Funding Trust, Series
2006-AR5, Class A1A
3.2869% due 10/25/2046 (b)		1,012,914		876,166
Impac Secured Assets Corp., Series 2005-2,
Class A1
3.5269% due 03/25/2036 (b)		1,417,734		1,045,932
IndyMac Index Mortgage Loan Trust, Series
2006-AR6, Class 2A1A
3.4069% due 06/25/2047 (b)		4,976,174		3,013,659

accompanying notes are an integral part of the financial statements.

365

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
IndyMac Index Mortgage Loan Trust, Series
2007-AR15, Class 2A1
5.9801% due 08/25/2037 (b)	$	3,505,056	$	2,256,023
J.P. Morgan Chase Commercial Mortgage
Securities Corp, Series 2006-CB15, Class A4
5.814% due 06/12/2043 (b)		3,960,000		3,554,886
J.P. Morgan Mortgage Trust, Series 2005-A6,
Class 7A1
4.9631% due 08/25/2035 (b)		500,115		453,823
Luminent Mortgage Trust, Series 2006-4, Class A1A
3.3969% due 05/25/2046 (b)		2,975,474		1,838,229
Master Adjustable Rate Mortgages Trust.,
Series 2006-2, Class 3A1
4.8466% due 01/25/2036 (b)		1,092,549		986,616
Master Adjustable Rate Mortgages Trust.,
Series 2006-OA1, Class 1A1
3.4169% due 04/25/2046 (b)		3,603,631		2,270,952
Master Seasoned Securities Trust, Series 2005-2,
Class 4A1
6.3221% due 10/25/2032 (b)		652,535		503,882
MASTR Asset Securitization Trust, Series 2003-6,
Class 1A1
5.50% due 07/25/2033		1,190,326		1,115,218
Merit Securities Corp., Series 11PA, Class B2
3.97% due 09/28/2032 (b)(g)		708,876		491,337
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class A4
5.6574% due 05/12/2039 (b)		1,810,000		1,633,170
Morgan Stanley Mortgage Loan Trust, Series
2004-11AR, Class 1A1
3.5269% due 01/25/2035 (b)		1,531,059		957,457
Morgan Stanley Mortgage Loan Trust, Series
2004-8AR, Class 4A1
5.3628% due 10/25/2034 (b)		683,602		575,393
Morgan Stanley Mortgage Loan Trust, Series
2006-8AR, Class 4A1
5.4947% due 06/25/2036 (b)		2,954,624		2,698,019
Novastar Mortgage-Backed Notes, Series
2006-MTA1, Class 2A1A
3.3969% due 09/25/2046 (b)		2,843,967		1,711,997
Prime Mortgage Trust, Series 2006-DR1, Class 2A2
6.00% due 11/25/2036 (g)		3,644,653		3,070,193
Structured Adjustable Rate Mortgage Loan Trust,
Series 2005-18, Class 5A1
5.5284% due 09/25/2035 (b)		1,856,204		1,513,074
Structured Adjustable Rate Mortgage Loan Trust,
Series 2005-21, Class 1A
6.0068% due 11/25/2035 (b)		2,320,179		1,627,105
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR3, Class 2A1
6.1685% due 08/25/2035 (b)		210,167		156,755
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR4, Class A1
3.5169% due 12/25/2035 (b)		735,584		451,738
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR6, Class 1A3
3.3969% due 07/25/2036 (b)		3,325,310		1,590,233
Thornburg Mortgage Securities Trust, Series
2005-4, Class A3
3.4369% due 12/25/2035 (b)		1,711,406		1,704,634

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Thornburg Mortgage Securities Trust, Series
2006-1, Class A3
3.3769% due 01/25/2036 (b)	$	5,197,475	$	5,161,600
Thornburg Mortgage Securities Trust, Series
2006-3, Class A2
3.3119% due 06/25/2036 (b)		3,712,402		3,552,331
Thornburg Mortgage Securities Trust, Series
2006-3, Class A3
3.3169% due 06/25/2036 (b)		4,052,999		4,012,686
Thornburg Mortgage Securities Trust, Series
2007-4, Class 2A1
6.2171% due 09/25/2037 (b)		2,276,636		1,946,037
Thornburg Mortgage Securities Trust, Series
2007-4, Class 3A1
6.2136% due 09/25/2037 (b)		2,173,443		1,822,551
WaMu Mortgage Pass-Through Certificates, Series
2005-AR11, Class A1B3
3.6069% due 08/25/2045 (b)		384,623		215,824
WaMu Mortgage Pass-Through Certificates, Series
2005-AR13, Class A1A1
2.7619% due 10/25/2045 (b)		994,634		628,304
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A1
3.4769% due 12/25/2045 (b)		2,312,525		1,489,669
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A2
3.4969% due 12/25/2045 (b)		385,421		244,501
WaMu Mortgage Pass-Through Certificates, Series
2005-AR6, Class 2A1A
2.7019% due 04/25/2045 (b)		634,452		414,846
WaMu Mortgage Pass-Through Certificates, Series
2005-AR8, Class 1A1A
3.4769% due 07/25/2045 (b)		970,022		595,264
Zuni Mortgage Loan Trust, Series 2006-OA1,
Class A1
3.3369% due 08/25/2036 (b)		2,047,825		1,973,695
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $96,593,545)			$	77,831,807
ASSET BACKED SECURITIES - 4.18%
ACE Securities Corp., Series 2006-GP1, Class A
3.3369% due 02/25/2031 (b)		2,129,004		1,765,568
Amortizing Residential Collateral Trust,
Series 2002-BC6, Class M2
5.0069% due 08/25/2032 (b)		128,595		17,487
Asset Backed Securities Corp.,
Series 2003-HE2, Class M2
5.3375% due 04/15/2033 (b)		95,824		58,983
Bear Stearns Asset Backed Securities Inc., Series
2007-SD1, Class 1A2A
6.00% due 10/25/2036		3,171,167		2,799,050
Bear Stearns Asset Backed Securities Inc., Series
2007-SD1, Class 1A3A
6.50% due 10/25/2036		3,075,104		2,428,852
Countrywide Asset-Backed Certificates,
Series 2004-5, Class M4
4.4569% due 06/25/2034 (b)		315,559		141,289
GSAMP Trust, Series 2006-S4, Class A1
3.2969% due 05/25/2036 (b)		989,255		434,148

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

366

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
IndyMac Seconds Asset Backed Trust, Series
2006-A, Class A
3.3369% due 06/25/2036 (b)	$	2,738,983	$	769,936
Lehman XS Trust, Series 2007-9, Class 1A1
3.3269% due 06/25/2037 ^ (b)		1,492,828		1,225,492
Merrill Lynch First Franklin Mortgage Loan Trust,
Series 2007-H1, Class 2A1
4.7069% due 10/25/2037 (b)		5,820,415		3,995,168
Mid State Trust, Series 6, Class A1
7.34% due 07/01/2035		1,083,694		1,016,663
Morgan Stanley Mortgage Loan Trust, Series
2006-4SL, Class A1
3.3569% due 03/25/2036 (b)		1,685,757		526,924
MSDWCC Heloc Trust, Series 2005-1, Class A
3.3969% due 07/25/2017 (b)		39,197		26,829
RAAC Series, Series 2006-RP2, Class A
3.4569% due 02/25/2037 (b)(g)		2,199,724		1,656,853
SACO I Trust, Inc., Series 2005-7, Class A
3.4869% due 09/25/2035 (b)		315,466		231,982
SACO I Trust, Inc., Series 2006-5, Class 1A
3.3569% due 04/25/2036 (b)		1,588,366		383,794
SACO I Trust, Inc., Series 2006-6, Class A
3.3369% due 06/25/2036 (b)		2,560,807		562,412
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
2.79% due 07/25/2017 (b)		2,153,075		2,144,885
Structured Asset Securities Corp., Series
2006-ARS1, Class A1
3.3169% due 02/25/2036 (b)(g)		2,783,410		383,187
Structured Asset Securities Corp., Series
2007-TC1, Class A
3.5069% due 04/25/2031 (b)(g)		5,558,014		4,236,212
Structured Asset Securities Corp., Series
2008-BC4, Class A3
3.4569% due 11/25/2037 (b)		1,671,838		1,461,183
TOTAL ASSET BACKED SECURITIES
(Cost $41,640,493)			$	26,266,902
SUPRANATIONAL OBLIGATIONS - 0.47%
Financial - 0.47%
Corporacion Andina de Fomento, Series EXCH
6.875% due 03/15/2012		2,857,000		2,980,997
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $3,105,270)			$	2,980,997
COMMON STOCKS - 0.00%
Consumer, Cyclical - 0.00%
Home Interiors *		1,103,919		11,039
Technology - 0.00%
ATSI Holdings, Inc. *		8,111		0
TOTAL COMMON STOCKS (Cost $441,132)			$	11,039
PREFERRED STOCKS - 0.34%
Consumer, Cyclical - 0.17%
General Motors Corp., Series C, 6.25%		135,250		1,082,000

Strategic Bond Trust (continued)
	Shares or
	Principal
	Amount		Value
PREFERRED STOCKS (continued)
Financial - 0.17%
Federal Home Loan Mortgage Corp.,
Serie V, 5.57%	178,375	$	176,591
Federal Home Loan Mortgage Corp.,
Series Z, 8.375%	83,825		129,091
Federal National Mortgage Association,
Series S, 8.25%	57,200		124,696
Resona Preferred Global
Securities (Cayman), Ltd., 7.191% (b)(g)	860,000		638,456
			1,068,834
TOTAL PREFERRED STOCKS (Cost $10,809,724)		$	2,150,834
TERM LOANS - 2.63%
Basic Materials - 0.41%
Georgia Pacific
4.5506% due 12/23/2013 (b)	2,931,073		2,604,317
Consumer, Cyclical - 0.39%
Community Health Systems, Inc., Tranche B
7.6143% due 07/02/2014 (b)	2,762,060		2,472,043
Consumer, Non-cyclical - 0.49%
Aramark Corp. TL Strip
4.6756% due 01/31/2014 (b)	1,500,000		1,315,125
Hertz Corp.
3.925% due 12/21/2012 (b)	1,987,324		1,789,347
			3,104,472
Energy - 0.82%
Calpine Corp.
8.60% due 03/29/2009 (b)	3,980,000		3,412,850
Dynegy Holdings, Inc.
3.9631% due 04/02/2013 (b)	1,998,858		1,730,432
			5,143,282
Industrial - 0.26%
Freescale Semiconductor
3.925% due 12/01/2013 (b)	1,984,848		1,642,680
Technology - 0.26%
First Data Corp.
5.5506% due 10/15/2014 (b)	1,841,400		1,602,018
TOTAL TERM LOANS (Cost $17,045,104)		$	16,568,812
OPTIONS - 0.00%
Financial - 0.00%
Eurodollar Futures
Expiration 10/10/2008 at $96.375 *	155,000		25,188
TOTAL OPTIONS (Cost $16,735)		$	25,188

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

367

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 2.18%
Merrill Lynch Tri-Party Repurchase
Agreement dated 09/30/2008 at
0.25% to be repurchased at
$13,700,095 on 10/01/2008,
collateralized by $13,768,000
Federal Home Loan Mortgage
Corp., 3.50% due 05/05/2011
(valued at $13,974,000, including
interest)	$	13,700,000	$	13,700,000
TOTAL REPURCHASE AGREEMENTS
(Cost $13,700,000)			$	13,700,000
SHORT TERM INVESTMENTS - 3.03%
Bank Negara Malaysia Monetary Notes, Series 1708
zero coupon due 10/07/2008	MYR	1,309,000	$	380,029
Bank Negara Malaysia Monetary Notes, Series 2008
zero coupon due 10/21/2008		2,552,000		739,929
Bank Negara Malaysia Monetary Notes, Series 2508
zero coupon due 11/13/2008		6,638,000		1,911,864
Bank Negara Malaysia Monetary Notes, Series 2608
zero coupon due 11/25/2008		3,191,000		919,675
Bank Negara Malaysia Monetary Notes, Series 3308
zero coupon due 10/07/2008		1,476,000		428,323
Bank Negara Malaysia Monetary Notes, Series 3508
zero coupon due 02/17/2009		100,000		28,556
Bank Negara Malaysia Monetary Notes, Series 4008
zero coupon due 12/30/2008		1,171,000		337,347
Bank Negara Malaysia Monetary Notes, Series 7208
zero coupon due 10/07/2008		60,000		17,419
Bank Negara Malaysia Monetary Notes, Series 8408
zero coupon due 10/28/2008		1,590,000		459,472
Bank Negara Malaysia Monetary Notes-Islamic,
Series 3808
zero coupon due 11/27/2008		567,000		163,845
Egypt Treasury Bills, Series 364
zero coupon due 10/28/2008 to
11/11/2008	EGP	41,950,000		7,635,331
Federal National Mortgage Association Discount
Notes
zero coupon due 12/15/2008	$	6,031,000		6,007,363
TOTAL SHORT TERM INVESTMENTS
(Cost $19,058,182)			$	19,029,153
Total Investments (Strategic Bond Trust)
(Cost $831,534,513) - 110.24%			$	693,622,328
Liabilities in Excess of Other Assets - (10.24)%				(64,408,450)
TOTAL NET ASSETS - 100.00%			$	629,213,878
Strategic Income Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 3.43%
U.S. Treasury Bonds - 0.82%
8.125% due 08/15/2019	$	1,065,000	$	1,429,346
9.25% due 02/15/2016		1,860,000		2,546,456
				3,975,802

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS
(continued)
U.S. Treasury Notes - 2.61%
4.25% due 11/15/2013	$	3,160,000	$	3,359,968
4.75% due 05/15/2014		3,890,000		4,248,611
4.875% due 08/15/2016		4,680,000		5,065,735
				12,674,314
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $15,374,833)			$	16,650,116
U.S. GOVERNMENT AGENCY OBLIGATIONS - 11.40%
Federal National Mortgage
Association - 11.40%
5.00% due 01/01/2023 to 06/01/2023		9,830,810		9,767,447
5.375% due 06/12/2017		8,000,000		8,398,181
5.50% due 02/01/2037 to 09/01/2037		14,798,272		14,756,073
6.00% due 08/01/2022 to 09/01/2037		12,994,326		13,179,857
6.50% due 08/01/2036 to 11/01/2036		9,043,214		9,281,658
				55,383,216
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $54,618,523)			$	55,383,216
FOREIGN GOVERNMENT OBLIGATIONS - 14.43%
Canada - 4.28%
Province of Ontario
4.40% due 03/08/2016	CAD	4,775,000		4,478,607
4.50% due 03/08/2015		3,410,000		3,245,179
4.75% due 06/02/2013		5,120,000		5,019,794
6.25% due 06/16/2015	NZD	2,600,000		1,691,847
6.375% due 10/12/2010		5,760,000		3,843,940
Province of Quebec
5.25% due 10/01/2013	CAD	2,530,000		2,501,283
				20,780,650
Colombia - 0.02%
Republic of Colombia
10.00% due 01/23/2012	$	110,000		122,100
France - 1.42%
Government of France
4.75% due 10/25/2012	EUR	4,770,000		6,909,882
Germany - 2.73%
Federal Republic of Germany
3.50% due 04/12/2013		1,670,000		2,322,344
4.25% due 07/04/2018		5,145,000		7,374,233
5.00% due 07/04/2012		2,435,000		3,572,587
				13,269,164
Ireland - 2.42%
Republic of Ireland
4.50% due 10/18/2018		8,415,000		11,756,013
Mexico - 0.41%
Government of Mexico
5.625% due 01/15/2017	$	530,000		517,545
5.875% due 01/15/2014		510,000		513,188
6.375% due 01/16/2013		410,000		421,480
8.125% due 12/30/2019		310,000		359,135
10.375% due 02/17/2009		160,000		163,360
				1,974,708

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

368

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS
(continued)
Spain - 1.73%
Kingdom of Spain
5.00% due 07/30/2012	EUR	2,705,000	$	3,910,728
5.35% due 10/31/2011		3,095,000		4,514,914
				8,425,642
United Kingdom - 1.42%
Government of United Kingdom
5.00% due 03/07/2012	GBP	1,820,000		3,325,575
5.00% due 03/07/2018		1,920,000		3,555,917
				6,881,492
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $70,449,219)			$	70,119,651
CORPORATE BONDS - 38.96%
Basic Materials - 1.55%
American Pacific Corp.
9.00% due 02/01/2015	$	1,540,000		1,493,800
CII Carbon LLC
11.125% due 11/15/2015 (g)		2,720,000		2,652,000
International Paper Company
7.95% due 06/15/2018		1,315,000		1,292,133
NewPage Corp.
10.00% due 05/01/2012		1,080,000		966,600
Pope & Talbot, Inc.
8.375% due 06/01/2013		1,500,000		15,000
Steel Capital SA for OAO Severstal
9.75% due 07/29/2013		465,000		381,300
Verso Paper, Inc., Series B
9.125% due 08/01/2014		840,000		722,400
				7,523,233
Communications - 5.87%
Allbritton Communications Company
7.75% due 12/15/2012		2,675,000		2,287,125
Axtel SAB de CV
7.625% due 02/01/2017 (g)		2,550,000		2,267,460
Cablevision Systems Corp., Series B
8.00% due 04/15/2012		100,000		94,000
CCH II LLC / CCH II Capital Corp.
10.25% due 10/01/2013 (g)		2,111,000		1,752,130
Centennial Communications Corp.
10.00% due 01/01/2013		1,700,000		1,627,750
Charter Communications Holdings I LLC
11.00% due 10/01/2015		575,000		373,750
Charter Communications Holdings I LLC/Charter
Communications Holdings I Capital Corp.
11.00% due 10/01/2015		1,095,000		722,700
Cincinnati Bell, Inc.
8.375% due 01/15/2014		2,200,000		1,914,000
Citizens Communications Company
7.125% due 03/15/2019		795,000		632,025
CSC Holdings, Inc.
8.50% due 06/15/2015 (g)		1,615,000		1,499,932
Digicel Group, Ltd.
8.875% due 01/15/2015 (g)		2,175,000		1,827,000
R.H. Donnelley Corp., Series A-3
8.875% due 01/15/2016		2,015,000		685,100

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Radio One, Inc.
8.875% due 07/01/2011	$	325,000	$	266,500
Rogers Cable, Inc.
7.25% due 12/15/2011	CAD	250,000		246,953
Shaw Communications, Inc.
5.70% due 03/02/2017		690,000		601,741
6.10% due 11/16/2012		500,000		474,301
Sinclair Broadcast Group, Inc.
8.00% due 03/15/2012	$	816,000		787,440
Sirius Satellite Radio, Inc.
9.625% due 08/01/2013		2,920,000		1,547,600
Sprint Capital Corp.
8.375% due 03/15/2012		2,595,000		2,335,500
Time Warner Cable, Inc.
6.75% due 07/01/2018		1,685,000		1,573,672
Vertis, Inc.
9.75% due 04/01/2009		425,000		312,375
West Corp.
11.00% due 10/15/2016		2,850,000		2,052,000
XM Satellite Radio Holdings, Inc.
13.00% due 08/01/2013 (g)		4,000,000		2,360,000
Young Broadcasting, Inc.
10.00% due 03/01/2011		2,000,000		290,000
				28,531,054
Consumer, Cyclical - 10.23%
Allison Transmission, Inc.
11.00% due 11/01/2015 (g)		2,445,000		2,127,150
11.25% due 11/01/2015 (g)		1,705,000		1,398,100
AMC Entertainment, Inc.
8.00% due 03/01/2014		2,540,000		2,184,400
Cinemark, Inc.
zero coupon, step up to 9.75% on
03/15/2009 due 03/15/2014		1,000,000		961,250
DaimlerChrysler N.A. Holding Corp., EMTN
4.375% due 03/21/2013	EUR	3,440,000		4,495,384
Delta Air Lines, Inc.
6.821% due 08/10/2022	$	1,668,861		1,385,154
Fontainebleau Las Vegas Holdings
10.25% due 06/15/2015 (g)		1,450,000		406,000
Great Canadian Gaming Corp.
7.25% due 02/15/2015 (g)		1,000,000		900,000
Greektown Holdings LLC
10.75% due 12/01/2013 (g)		3,540,000		2,442,600
Hanesbrands, Inc., Series B
6.5081% due 12/15/2014 (b)		1,150,000		954,500
HRP Myrtle Beach Operations LLC
7.3825% due 04/01/2012 (b)(g)		1,855,000		1,115,319
Indianapolis Downs Capital LLC
11.00% due 11/01/2012 (g)		2,345,000		1,594,600
Jacobs Entertainment, Inc.
9.75% due 06/15/2014		2,755,000		1,845,850
Landry's Restaurants, Inc.
9.50% due 12/15/2014		3,395,000		3,072,475
Little Traverse Bay Bands of Odawa Indians
10.25% due 02/15/2014 (g)		1,585,000		1,077,800
Majestic Star Casino LLC
9.50% due 10/15/2010		1,515,000		681,750

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

369

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
Mashantucket Western Pequot Tribe
8.50% due 11/15/2015 (g)	$	2,075,000	$	1,348,750
MGM Mirage, Inc.
6.75% due 09/01/2012		725,000		567,313
Michaels Stores, Inc.
10.00% due 11/01/2014		2,295,000		1,445,850
Minerva Overseas, Ltd.
9.50% due 02/01/2017 (g)		3,150,000		2,394,000
Mohegan Tribal Gaming Authority
6.375% due 07/15/2009		555,000		527,250
7.125% due 08/15/2014		4,175,000		2,964,250
8.00% due 04/01/2012		2,010,000		1,708,500
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		1,500,000		1,050,000
9.75% due 04/01/2010		1,770,000		1,681,500
Northwest Airlines, Inc., Series 07-1
7.027% due 11/01/2019		1,645,000		1,324,225
Pinnacle Entertainment, Inc.
7.50% due 06/15/2015		625,000		462,500
Pokagon Gaming Authority
10.375% due 06/15/2014 (g)		466,000		471,825
Tenneco Automotive, Inc.
8.625% due 11/15/2014		2,395,000		1,904,025
Turning Stone Resort Casino
9.125% due 09/15/2014 (g)		1,895,000		1,724,450
9.125% due 12/15/2010 (g)		1,475,000		1,401,250
US Corrugated, Inc.
10.00% due 06/12/2013		785,000		565,200
Waterford Gaming LLC
8.625% due 09/15/2014 (g)		1,620,000		1,530,900
				49,714,120
Consumer, Non-cyclical - 2.13%
Alliance One International, Inc.
11.00% due 05/15/2012		2,260,000		2,214,800
Bausch & Lomb, Inc.
9.875% due 11/01/2015 (g)		490,000		465,500
Community Health Systems, Inc.
8.875% due 07/15/2015		1,345,000		1,277,750
Cosan SA Industria e Comercio
8.25% due 02/28/2049 (g)		2,200,000		1,320,000
Hanger Orthopedic Group, Inc.
10.25% due 06/01/2014		1,505,000		1,542,625
HCA, Inc.
9.125% due 11/15/2014		540,000		525,150
Inverness Medical Innovations, Inc.
9.0925% due 06/26/2015 (b)		375,000		337,500
Sun Healthcare Group, Inc.
9.125% due 04/15/2015		1,495,000		1,427,725
Yankee Acquisition Corp., Series B
8.50% due 02/15/2015		1,740,000		1,261,500
				10,372,550
Diversified - 0.43%
GRUPO KUO SAB de CV
9.75% due 10/17/2017 (g)		1,415,000		1,344,250
Marquee Holdings, Inc.
9.505 due 08/15/2014		1,010,000		744,875
				2,089,125

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy - 1.45%
Allis-Chalmers Energy, Inc.
8.50% due 03/01/2017	$	1,595,000	$	1,363,725
MarkWest Energy Partners LP / MarkWest Energy
Finance Corp., Series B
8.75% due 04/15/2018 (g)		585,000		555,750
MarkWest Energy Partners LP/ MarkWest Energy
Finance Corp., Series B
8.50% due 07/15/2016		2,265,000		2,140,425
McMoRan Exploration Company
11.875% due 11/15/2014		810,000		769,500
NGPL Pipeco LLC
7.119% due 12/15/2017 (g)		1,030,000		977,603
Targa Resources Partners LP
8.25% due 07/01/2016		845,000		726,700
Williams Partners Finance Corp.
7.25% due 02/01/2017		540,000		502,200
				7,035,903
Financial - 5.88%
Banco Macro SA
8.50% due 02/01/2017		555,000		363,525
CCM Merger, Inc.
8.00% due 08/01/2013 (g)		4,070,000		3,306,875
Chukchansi Economic Development Authority
8.00% due 11/15/2013 (g)		695,000		556,000
CIT Group, Inc.
5.00% due 02/13/2014		675,000		381,827
Drummond Company, Inc.
7.375% due 02/15/2016 (g)		4,040,000		3,423,900
Ford Motor Credit Company LLC
9.75% due 09/15/2010		1,880,000		1,348,116
General Electric Capital Australia Funding
Property, Ltd., MTN
6.50% due 11/15/2011	AUD	3,210,000		2,334,223
General Electric Capital Corp.
6.625% due 02/04/2010	NZD	4,515,000		2,897,189
Independencia International, Ltd.
9.875% due 01/31/2017 (g)	$	2,000,000		1,620,000
9.875% due 05/15/2015 (g)		770,000		635,250
ISA Capital do Brasil SA
8.80% due 01/30/2017 (g)		530,000		508,800
Landwirtschaftliche Rentenbank, EMTN
6.50% due 09/17/2009	NZD	1,305,000		868,670
6.625% due 05/27/2010		2,100,000		1,398,108
Liberty Mutual Group, Inc.
10.75% due 06/15/2058 (g)	$	2,160,000		1,555,200
Local TV Finance LLC
9.25% due 06/15/2015 (g)		260,000		169,000
Nexstar Finance, Inc.
7.00% due 01/15/2014		1,070,000		802,500
Orascom Telecom Finance
7.875% due 02/08/2014 (g)		480,000		420,000
SLM Corp., MTN
8.45% due 06/15/2018		1,360,000		924,800
Snoqualmie Entertainment Authority
9.125% due 02/01/2015 (g)		1,115,000		805,587
Symetra Financial Corp.
8.30% due 10/15/2067 (b)(g)		990,000		643,500

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

370

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
TAM Capital, Inc.
7.375% due 04/25/2017	$	1,365,000	$	1,023,750
Toyota Motor Credit Corp., EMTN
6.75% due 09/21/2009	NZD	1,700,000		1,132,754
Ucar Finance, Inc.
10.25% due 02/15/2012	$	42,000		43,260
VW Financial Services AG, EMTN
5.375% due 01/25/2012	EUR	1,005,000		1,390,046
				28,552,880
Government - 5.76%
Canada Housing Trust No. 1
4.60% due 09/15/2011	CAD	6,195,000		6,000,579
New South Wales Treasury Corp., Series 10RG
7.00% due 12/01/2010	AUD	27,205,000		22,001,763
				28,002,342
Industrial - 3.97%
American Railcar Industries, Inc.
7.50% due 03/01/2014	$	500,000		442,500
Blaze Recycling & Metals LLC
10.875% due 07/15/2012 (g)		655,000		656,637
BWAY Corp.
10.00% due 10/15/2010		2,655,000		2,575,350
DRS Technologies, Inc.
7.625% due 02/01/2018		200,000		209,000
Graphic Packaging International Corp.
8.50% due 08/15/2011		1,000,000		950,000
9.50% due 08/15/2013		2,535,000		2,294,175
L-3 Communications Corp., Series B
6.375% due 10/15/2015		370,000		340,400
Manitowoc, Inc.
7.125% due 11/01/2013		2,030,000		1,887,900
Navios Maritime Holdings, Inc.
9.50% due 12/15/2014		1,085,000		998,200
Odebrecht Finance, Ltd.
7.50% due 10/18/2017 (g)		1,455,000		1,324,050
OI European Group BV
6.875% due 03/31/2017 (g)	EUR	475,000		571,743
Owens-Brockway Glass Container, Inc.
8.25% due 05/15/2013	$	1,650,000		1,641,750
PHI, Inc.
7.125% due 04/15/2013		1,000,000		885,000
Smurfit-Stone Container Enterprises, Inc.
8.00% due 03/15/2017		1,750,000		1,365,000
8.375% due 07/01/2012		3,270,000		2,746,800
Viterra, Inc.
8.00% due 04/08/2013	CAD	300,000		284,589
Waste Services, Inc.
9.50% due 04/15/2014	$	100,000		98,000
				19,271,094
Technology - 0.48%
Oracle Corp.
5.75% due 04/15/2018		2,050,000		1,903,435
Vangent, Inc.
9.625% due 02/15/2015		500,000		407,500
				2,310,935

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Utilities - 1.21%
Appalachian Power Company, Series K
5.00% due 06/01/2017	$	1,005,000	$	871,562
Cia de Transporte de Energia Electrica de Alta
Tension SA
8.875% due 12/15/2016 (g)		1,230,000		725,700
Dominion Resources, Inc., Series A
5.60% due 11/15/2016		1,005,000		932,107
Southern Union Company
7.20% due 11/01/2066 (b)		830,000		609,559
Texas Competitive Electric Holdings Company LLC
10.25% due 11/01/2015 (g)		3,020,000		2,725,550
				5,864,478
TOTAL CORPORATE BONDS (Cost $221,625,106)			$	189,267,714
COLLATERALIZED MORTGAGE
OBLIGATIONS - 13.64%
American Home Mortgage Assets, Series 2006-6,
Class XP
3.1939% IO due 12/25/2046		22,128,040		885,121
American Home Mortgage Investment Trust, Series
2007-1, Class GIOP
2.0784% IO due 05/25/2047		16,272,222		905,142
Banc of America Commercial Mortgage, Inc.,
Series 2006-5, Class A4
5.414% due 09/10/2047		3,380,000		2,970,291
Citigroup/Deutsche Bank Commercial
Mortgage Trust, Series 2005-CD1, Class A4
5.3995% due 09/15/2020 (b)		3,850,000		3,532,009
Countrywide Alternative Loan Trust,
Series 2005-59, Class 2X
3.1878% IO due 11/20/2035		13,572,851		466,567
Countrywide Alternative Loan Trust,
Series 2006-OA10, Class XPP
1.7989% IO due 08/25/2046		9,413,499		325,057
Crown Castle Towers LLC, Series 2006-1A, Class F
6.6496% due 11/15/2036 (g)		950,000		842,339
Crown Castle Towers LLC, Series 2006-1A, Class G
6.7954% due 11/15/2036 (g)		1,120,000		965,048
Federal Home Loan Mortgage Corp., Series 3154,
Class PM
5.50% due 05/15/2034		4,435,000		4,375,729
Federal Home Loan Mortgage Corp., Series 3228,
Class PL
5.50% due 10/15/2034		5,740,000		5,594,413
Federal National Mortgage Association, Series
2006-117, Class PD
5.50% due 07/25/2035		6,300,000		6,084,396
Federal National Mortgage Association, Series
2006-65, Class TE
5.50% due 05/25/2035		2,438,217		2,402,735
Federal National Mortgage Association, Series
2006-84, Class MP
5.50% due 08/25/2035		7,172,000		7,081,515
Global Tower Partners Acquisition
LLC, Series 2007-1A, Class G
7.8737% due 05/15/2037 (g)		620,000		557,007
GMAC Commercial Mortgage Securities, Inc.,
Series 2003-C2, Class A2
5.6666% due 05/10/2040 (b)		6,750,000		6,432,532

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

371

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Greenpoint Mortgage Funding Trust, Series
2005-AR4, Class 4A2
3.5669% due 10/25/2045 (b)	$	2,409,596	$	1,428,195
Greenpoint Mortgage Funding Trust, Series
2006-AR1, Class A2A
3.5769% due 02/25/2036 (b)		1,478,049		757,299
Greenwich Capital Commercial Funding Corp.,
Series 2006-GG7, Class A4
6.1118% due 07/10/2038 (b)		3,755,000		3,412,004
Harborview Mortgage Loan Trust,
Series 2005-8, Class 1X
2.6267% IO due 09/19/2035 (b)		13,248,166		264,963
Harborview Mortgage Loan Trust,
Series 2006-SB1, Class A1A
3.705% due 12/19/2036 (b)		2,498,032		1,376,343
Harborview Mortgage Loan Trust,
Series 2007-3, Class ES
0.3509% IO due 05/19/2047		31,208,840		195,055
Harborview Mortgage Loan Trust,
Series 2007-4, Class ES
0.3508% IO due 07/19/2047		31,417,941		196,362
Harborview Mortgage Loan Trust,
Series 2007-6, Class ES
0.3436% IO due 08/19/2037 (g)		22,022,744		137,642
Harborview NIM Corp., Series 2007-3A, Class N1
6.654% due 05/19/2037 (g)		13,369		13,102
Indymac Index Mortgage Loan Trust,
Series 2005-AR18, Class 1X
zero coupon IO due 10/25/2036		36,776,306		849,533
Indymac Index Mortgage Loan Trust,
Series 2005-AR18, Class 2X
zero coupon IO due 10/25/2036		39,951,341		575,299
Luminent Mortgage Trust, Series 2006-1, Class X
2.8697% IO due 04/25/2036		10,754,849		215,097
Residential Accredit Loans, Inc., Series
2007-QS10, Class A1
6.50% due 09/25/2037		2,093,306		1,413,637
Residential Accredit Loans, Inc.,
Series 2007-QS11, Class A1
7.00% due 10/25/2037		1,747,419		1,251,044
SBA CMBS Trust, Series 2006-1A, Class H
7.389% due 11/15/2036 (g)		705,000		610,431
SBA CMBS Trust, Series 2006-1A, Class J
7.825% due 11/15/2036 (g)		425,000		389,971
Suntrust Adjustable Rate Mortgage Loan Trust,
Series 2007-2, Class 4A1
5.7375% due 04/25/2037 (b)		3,702,194		3,318,435
WAMU Mortgage Pass Through Certificates,
Series 2005-AR13, Class B1
3.8069% due 10/25/2045 (b)		2,203,745		742,068
WAMU Mortgage Pass Through Certificates,
Series 2005-AR6, Class B1
3.8069% due 04/25/2045 (b)		3,561,956		1,825,177
WAMU Mortgage Pass Through Certificates,
Series 2007-OA5, Class 1XPP
0.6893% IO due 06/25/2017		73,987,536		832,360
WAMU Mortgage Pass Through Certificates,
Series 2007-OA6, Class 1XPP
0.8695% IO due 07/25/2047		43,778,055		492,503

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Washington Mutual Mortgage Pass Through
Certificates, Series 2007-OA4, Class XPPP
0.8727% IO due 04/25/2047	$	32,937,857	$	411,723
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR12, Class 1A1
6.2079% due 09/25/2036 (b)		2,619,754		2,141,582
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $69,088,992)			$	66,269,726
ASSET BACKED SECURITIES - 0.48%
Dominos Pizza Master Issuer LLC, Series 2007-1,
Class M1
7.629% due 04/27/2037 (g)		1,670,000		1,043,750
Lehman XS Trust, Series 2005-5N, Class 3A2
3.5669% due 11/25/2035 (b)		649,228		283,894
Lehman XS Trust, Series 2006-2N, Class 1A2
3.5469% due 02/25/2046 (b)		2,490,228		1,019,615
TOTAL ASSET BACKED SECURITIES
(Cost $3,684,389)			$	2,347,259
SUPRANATIONAL OBLIGATIONS - 3.97%
Financial - 1.21%
European Investment Bank
6.75% due 11/17/2008	NZD	2,535,000		1,693,456
European Investment Bank, EMTN
4.375% due 03/06/2009	GBP	1,260,000		2,241,563
7.00% due 01/18/2012	NZD	2,850,000		1,932,562
				5,867,581
Government - 2.76%
Instituto de Credito Oficial, EMTN
5.00% due 12/07/2009	GBP	1,890,000		3,374,166
Inter-American Development Bank, Series INTL
7.25% due 05/24/2012	NZD	10,585,000		7,265,404
Inter-American Development Bank, Series MPLE
4.25% due 12/02/2012	CAD	480,000		457,886
International Finance Corp., MTN
7.50% due 02/28/2013	AUD	2,810,000		2,333,277
				13,430,733
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $20,790,298)			$	19,298,314
COMMON STOCKS - 0.55%
Basic Materials - 0.26%
Smurfit-Stone Container Corp. *		264,738		1,244,269
Communications - 0.23%
Chunghwa Telecom Company, Ltd., ADR *		6,773		160,317
Sirius XM Radio, Inc. *		1,688,351		962,360
				1,122,677
Industrial - 0.06%
Pactiv Corp. *		11,894		295,328
TOTAL COMMON STOCKS (Cost $5,090,418)			$	2,662,274

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

372

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Strategic Income Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS - 1.30%
Consumer, Cyclical - 0.75%
Delta Airlines, Inc.
5.7188% due 04/30/2014 (b)	$	3,159,559	$	2,220,728
Great Canadian Gaming Corp.
4.3038% due 02/07/2014 (b)		1,502,125		1,445,795
				3,666,523
Consumer, Non-cyclical - 0.55%
AbitibiBowater, Inc.
11.50% due 03/30/2009 (b)		1,000,000		950,000
Bausch & Lomb, Inc.
8.205% due 04/11/2015 (b)	EUR	447,750		607,493
US Airways Group, Inc.
4.9688% due 03/23/2014 (b)	$	1,710,000		1,117,912
				2,675,405
TOTAL TERM LOANS (Cost $6,517,616)			$	6,341,928
OPTIONS - 0.63%
Communications - 0.09%
Comcast Corp.
Expiration 01/16/2010 at $25.00 *		30,000,000		420,000
Other - 0.54%
Over The Counter Purchase Call on the EUR vs.
USD
Expiration 02/20/2009 at $1.35 *		65,704,500		1,090,300
Over The Counter Purchase Call on the USD vs.
CAD
Expiration 01/25/2010 at $1.30 *		11,780,000		85,181
Expiration 01/22/2010 at $1.30 *		11,780,000		85,181
Expiration 02/26/2010 at $1.30 *		59,500,000		477,607
Expiration 04/20/2010 at $1.30 *		11,660,000		103,413
Expiration 04/01/2010 at $1.30 *		23,500,000		209,620
Over The Counter Purchase Call on the USD vs.
EUR
Expiration 02/26/2009 at $1.20 *		2,360,000		236,146
Over The Counter Purchase Call on the USD vs.
JPY
Expiration 12/28/2008 at $100.00 *		24,000,000		345,192
				2,632,640
TOTAL OPTIONS (Cost $2,883,985)			$	3,052,640
REPURCHASE AGREEMENTS - 8.82%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$42,834,487 on 10/01/2008,
collateralized by $40,755,000
Federal National Mortgage
Association, 6.00% due
04/18/2036 (valued at
$43,690,990, including interest)	$	42,833,000	$	42,833,000
TOTAL REPURCHASE AGREEMENTS
(Cost $42,833,000)			$	42,833,000
Total Investments (Strategic Income Trust)
(Cost $512,956,379) - 97.61%			$	474,225,838
Other Assets in Excess of Liabilities - 2.39%				11,612,940
TOTAL NET ASSETS - 100.00%			$	485,838,778

Total Bond Market Trust A
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 27.02%
U.S. Treasury Bonds - 6.04%
4.375% due 02/15/2038	$	2,587,000	$	2,619,943
5.25% due 11/15/2028		4,080,000		4,520,195
5.375% due 02/15/2031		880,000		999,969
7.875% due 02/15/2021		300,000		403,289
9.25% due 02/15/2016		2,150,000		2,943,483
				11,486,879
U.S. Treasury Notes - 20.98%
2.75% due 07/31/2010		4,100,000		4,163,743
3.125% due 09/30/2013		16,830,000		16,945,706
3.375% due 09/15/2009		5,050,000		5,121,806
3.875% due 05/15/2010		3,568,000		3,685,073
4.00% due 08/15/2018		8,866,000		8,992,066
4.625% due 07/31/2009		160,000		163,638
4.75% due 05/15/2014		800,000		873,750
				39,945,782
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $50,776,695)			$	51,432,661
U.S. GOVERNMENT AGENCY OBLIGATIONS - 46.07%
Federal Home Loan Bank - 3.33%
3.875% due 01/15/2010 to 06/14/2013		2,725,000		2,723,646
6.00% due 10/01/2036		3,579,349		3,624,650
				6,348,296
Federal Home Loan Mortgage Corp. - 6.49%
4.25% due 07/15/2009		3,300,000		3,319,793
5.892% due 02/01/2037 (b)		2,425,202		2,451,404
6.00% due 06/15/2011		3,250,000		3,469,412
6.018% due 08/01/2037 (b)		2,410,419		2,440,559
6.25% due 07/15/2032		570,000		665,417
				12,346,585
Federal National Mortgage
Association - 36.25%
3.25% due 04/09/2013		2,000,000		1,947,673
4.375% due 10/15/2015		2,850,000		2,838,635
4.50% due 04/01/2021		1,725,371		1,684,461
4.618% due 01/01/2035 (b)		3,055,245		3,074,588
5.00% due 06/01/2018 to 07/01/2036		9,212,264		9,022,468
5.491% due 04/01/2036 (b)		841,157		851,142
5.50% due 08/01/2017 to 04/01/2037		26,236,722		26,229,515
5.692% due 04/01/2037		3,204,892		3,245,815
6.00% due 08/01/2034 to 03/01/2037		12,799,277		12,979,416
6.125% due 03/15/2012		1,275,000		1,376,595
6.375% due 06/15/2009		2,200,000		2,244,708
6.50% due 07/01/2036		983,459		1,009,391
6.625% due 11/15/2030		425,000		513,588
7.125% due 06/15/2010		1,750,000		1,867,278
7.25% due 05/15/2030		100,000		128,671
				69,013,944
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $86,797,538)			$	87,708,825

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

373

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS - 0.76%
Brazil - 0.22%
Federative Republic of Brazil
6.00% due 01/17/2017	$	440,000	$	424,600
Canada - 0.19%
Government of Canada
5.25% due 11/05/2008		150,000		150,502
5.75% due 02/15/2009		200,000		202,480
				352,982
Italy - 0.27%
Republic of Italy
4.50% due 01/21/2015		500,000		513,045
Mexico - 0.08%
Government of Mexico
9.875% due 02/01/2010		150,000		161,625
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $1,459,443)		$		1,452,252
CORPORATE BONDS - 21.58%
Basic Materials - 0.84%
Agrium, Inc.
6.75% due 01/15/2019		490,000		480,179
Alcoa, Inc.
6.75% due 07/15/2018		310,000		297,553
ArcelorMittal
5.375% due 06/01/2013 (g)		320,000		302,303
E.I. Du Pont de Nemours & Company
6.50% due 01/15/2028		200,000		192,957
Rio Tinto Finance USA, Ltd.
6.50% due 07/15/2018		350,000		330,963
				1,603,955
Communications - 2.71%
AT&T, Inc.
5.50% due 02/01/2018		500,000		445,260
6.30% due 01/15/2038		205,000		169,781
BellSouth Corp.
4.20% due 09/15/2009		200,000		197,288
British Telecommunications PLC
5.95% due 01/15/2018		170,000		150,758
8.625% due 12/15/2030		250,000		249,396
Cisco Systems, Inc.
5.25% due 02/22/2011		350,000		357,291
Cox Communications, Inc.
4.625% due 01/15/2010		200,000		197,061
Deutsche Telekom International Finance BV
8.25% due 06/15/2030		250,000		241,765
News America, Inc.
6.65% due 11/15/2037		170,000		142,583
SBC Communications, Inc.
5.625% due 06/15/2016		400,000		370,444
Sprint Capital Corp.
6.875% due 11/15/2028		400,000		268,000
Time Warner Companies, Inc.
7.25% due 10/15/2017		400,000		367,123
Verizon Communications, Inc.
5.25% due 04/15/2013		250,000		240,960
7.375% due 09/01/2012		450,000		464,526

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Viacom, Inc.
6.875% due 04/30/2036	$	275,000	$	220,462
7.875% due 07/30/2030		330,000		272,634
Vivendi
5.75% due 04/04/2013		305,000		298,208
Walt Disney Company, MTN
5.625% due 09/15/2016		500,000		494,291
				5,147,831
Consumer, Cyclical - 0.88%
DaimlerChrysler North America Holding
7.20% due 09/01/2009		200,000		202,136
Macys Retail Holdings, Inc.
6.625% due 04/01/2011		300,000		291,620
Target Corp.
7.50% due 08/15/2010		700,000		746,497
Wal-Mart Stores, Inc.
7.55% due 02/15/2030		250,000		271,189
Yum! Brands, Inc.
6.25% due 03/15/2018		170,000		157,630
				1,669,072
Consumer, Non-cyclical - 2.50%
Anheuser Busch Company, Inc.
9.00% due 12/01/2009		300,000		305,649
Archer-Daniels-Midland Company
7.00% due 02/01/2031		300,000		289,158
AstraZeneca PLC
5.90% due 09/15/2017		390,000		384,007
Coca-Cola Enterprises, Inc.
8.50% due 02/01/2022		505,000		581,798
Covidien International Finance SA
6.00% due 10/15/2017		500,000		493,997
General Mills, Inc.
5.25% due 08/15/2013		360,000		357,226
Johnson & Johnson
5.85% due 07/15/2038		310,000		301,437
Kraft Foods, Inc.
5.25% due 10/01/2013		500,000		480,687
Kroger Company
6.40% due 08/15/2017		200,000		191,768
SABMiller PLC
6.50% due 07/15/2018 (g)		310,000		293,659
Safeway, Inc.
6.35% due 08/15/2017		520,000		503,968
Science Applications International Corp.
5.50% due 07/01/2033		300,000		241,582
Tesco PLC
6.15% due 11/15/2037 (g)		235,000		192,959
WellPoint, Inc.
6.375% due 06/15/2037		170,000		145,448
				4,763,343
Energy - 2.36%
Anadarko Finance Company, Series B
6.75% due 05/01/2011		585,000		598,685
Apache Corp.
6.00% due 09/15/2013		295,000		294,013
Cameron International Corp.
7.00% due 07/15/2038		340,000		284,938

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

374

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Devon Financing Corp., ULC
6.875% due 09/30/2011	$	400,000	$	417,224
Kinder Morgan Energy Partners LP
5.85% due 09/15/2012		415,000		403,129
Pemex Project Funding Master Trust
7.375% due 12/15/2014		300,000		314,814
Petro-Canada
6.05% due 05/15/2018		500,000		436,456
Talisman Energy, Inc.
6.25% due 02/01/2038		200,000		155,336
Texas Eastern Transmission LP
6.00% due 09/15/2017 (g)		190,000		181,380
TransCanada PipeLines, Ltd.
4.00% due 06/15/2013		520,000		482,622
5.85% due 03/15/2036		200,000		165,044
Weatherford International, Ltd.
5.50% due 02/15/2016		430,000		394,126
XTO Energy, Inc.
5.50% due 06/15/2018		415,000		366,834
				4,494,601
Financial - 6.47%
Allstate Corp.
7.20% due 12/01/2009		400,000		406,213
AMB Property LP, MTN
6.30% due 06/01/2013		300,000		290,214
American Express Bank FSB, BKNT
6.00% due 09/13/2017		525,000		438,458
American Express Credit Corp., Series C
7.30% due 08/20/2013		380,000		366,520
American International Group, Inc.
8.25% due 08/15/2018 (g)		290,000		168,482
Bank of America Corp.
5.42% due 03/15/2017		499,000		397,205
7.80% due 02/15/2010		300,000		294,838
Bank One Corp.
7.875% due 08/01/2010		550,000		563,962
Capital One Financial Corp., MTN
5.70% due 09/15/2011		250,000		221,386
Citigroup, Inc.
5.875% due 02/22/2033		360,000		235,905
Duke Realty LP
5.95% due 02/15/2017		225,000		201,411
General Electric Capital Corp.
6.125% due 02/22/2011		750,000		745,276
Hartford Financial Services Group, Inc.
5.95% due 10/15/2036		230,000		176,764
HSBC Finance Corp.
8.00% due 07/15/2010		700,000		714,316
International Lease Finance Corp., MTN
5.45% due 03/24/2011		185,000		138,772
John Deere Capital Corp.
5.10% due 01/15/2013		500,000		490,411
Keycorp, MTN
6.50% due 05/14/2013		500,000		359,932
KFW International Finance, Inc.
3.25% due 03/30/2009		150,000		148,967
Lehman Brothers Holdings, Inc., MTN
5.75% due 04/25/2011 ^		200,000		25,000

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Marsh & McLennan Companies, Inc.
4.85% due 02/15/2013	$	200,000	$	184,750
Merrill Lynch & Company, Inc.
6.875% due 11/15/2018		400,000		344,262
Merrill Lynch & Company, Inc., MTN
6.875% due 04/25/2018		262,000		231,804
MetLife, Inc., Series A
6.817% due 08/15/2018		460,000		435,254
Morgan Stanley
6.75% due 04/15/2011		900,000		666,103
Morgan Stanley, MTN
5.95% due 12/28/2017		425,000		266,240
6.625% due 04/01/2018		193,000		127,726
PartnerRe Finance A LLC
6.875% due 06/01/2018		500,000		484,545
ProLogis
5.50% due 04/01/2012		600,000		575,339
5.625% due 11/15/2016		180,000		153,326
Realty Income Corp.
5.95% due 09/15/2016		135,000		119,438
Royal Bank of Scotland Group PLC
5.00% due 11/12/2013		300,000		294,081
Simon Property Group LP
5.875% due 03/01/2017		245,000		216,560
Unilever Capital Corp.
7.125% due 11/01/2010		400,000		426,776
US Bank NA, BKNT
6.375% due 08/01/2011		400,000		403,770
Vornado Realty LP
5.60% due 02/15/2011		500,000		490,898
Wells Fargo Bank NA
6.45% due 02/01/2011		500,000		507,640
				12,312,544
Industrial - 2.80%
Boeing Company
8.75% due 09/15/2031		100,000		124,260
Canadian National Railway Company
6.375% due 10/15/2011		150,000		155,070
Caterpillar, Inc.
7.25% due 09/15/2009		200,000		205,155
Commercial Metals Company
7.35% due 08/15/2018		450,000		424,947
CRH America, Inc.
6.00% due 09/30/2016		540,000		465,362
8.125% due 07/15/2018		330,000		323,758
CSX Corp.
6.25% due 04/01/2015		625,000		595,401
General Electric Company
5.00% due 02/01/2013		800,000		736,814
Honeywell International, Inc.
7.50% due 03/01/2010		200,000		210,337
Ingersoll-Rand Global Holding Company, Ltd.
6.875% due 08/15/2018		450,000		443,476
Northrop Grumman Corp.
7.75% due 03/01/2016		350,000		385,324
Stanley Works
6.15% due 10/01/2013		490,000		487,295

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

375

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
Tyco Electronics Group SA
6.00% due 10/01/2012	$	205,000	$	202,036
6.55% due 10/01/2017		600,000		577,372
				5,336,607
Technology - 0.55%
Dell, Inc.
4.70% due 04/15/2013 (g)		450,000		433,450
International Business Machines Corp.
4.25% due 09/15/2009		200,000		201,769
Oracle Corp.
5.75% due 04/15/2018		450,000		417,827
				1,053,046
Utilities - 2.47%
Appalachian Power Company
7.00% due 04/01/2038		180,000		168,400
Constellation Energy Group, Inc.
7.60% due 04/01/2032		180,000		163,669
Dominion Resources, Inc.
5.00% due 03/15/2013		240,000		231,410
Duke Energy Corp.
5.625% due 11/30/2012		400,000		405,120
E.ON International Finance BV
5.80% due 04/30/2018 (g)		1,180,000		1,127,795
Exelon Corp.
6.75% due 05/01/2011		395,000		397,970
FirstEnergy Corp.
7.375% due 11/15/2031		450,000		418,384
Indiana Michigan Power Company
6.05% due 03/15/2037		250,000		203,926
Israel Electric Corp., Ltd.
7.25% due 01/15/2019 (g)		520,000		520,850
NiSource Finance Corp.
6.80% due 01/15/2019		500,000		454,171
Oncor Electric Delivery Company
7.50% due 09/01/2038 (g)		460,000		384,795
Progress Energy, Inc.
7.10% due 03/01/2011		225,000		231,192
				4,707,682
TOTAL CORPORATE BONDS (Cost $44,362,212)			$	41,088,681
COLLATERALIZED MORTGAGE
OBLIGATIONS - 2.60%
Banc of America Commercial Mortgage, Inc.,
Series 2006-1, Class AM
5.421% due 09/10/2045		200,000		162,079
Banc of America Commercial Mortgage, Inc.,
Series 2006-3, Class A4
5.889% due 07/10/2044		1,300,000		1,176,872
Bear Stearns Commercial Mortgage Securities,
Series 2006-PW11, Class AM
5.6232% due 03/11/2039 (b)		200,000		163,535
Citigroup Commercial Mortgage Trust, Series
2006-C4, Class A1
5.9151% due 03/15/2049 (b)		443,382		436,373
Citigroup/Deutsche Bank Commercial Mortgage,
Series 2006-CD2, Class AM
5.5916% due 01/15/2046 (b)		200,000		162,677

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	$	200,000	$	164,598
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP5, Class A4
5.3445% due 12/15/2044 (b)		860,000		778,941
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2006-LDP8, Class A3B
5.447% due 05/15/2045		205,000		186,765
LB-UBS Commercial Mortgage Trust, Series
2000-C3, Class A2
7.95% due 05/15/2025		963,302		981,434
Merrill Lynch Mortgage Trust, Series 2008-C1,
Class A4
5.69% due 02/12/2051		460,000		388,751
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C24, Class A2
5.506% due 03/15/2045		30,614		29,886
Wachovia Bank Commercial Mortgage Trust,
Series 2006-C27, Class A1
5.405% due 07/15/2045		325,173		318,814
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $5,475,611)			$	4,950,725
ASSET BACKED SECURITIES - 1.26%
American Express Issuance Trust, Series 2008-1,
Class A
3.4376% due 12/15/2010 (b)		500,000		496,043
Bank of America Credit Card Trust, Series
2008-A3, Class A3
3.2375% due 08/15/2011 (b)		685,000		684,373
CNH Equipment Trust, Series 2008-B, Class A2B
3.4875% due 04/15/2011 (b)		680,000		674,646
Credit-Based Asset Servicing and Securitization,
Series 2006-CB2, Class AF2
5.501% due 12/25/2036		209,608		190,680
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-2, Class A1
5.773% due 06/12/2046		251,916		249,120
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF2
5.533% due 05/25/2036		17,103		16,971
Renaissance Home Equity Loan Trust, Series
2006-1, Class AF3
5.608% due 05/25/2036		100,000		94,980
TOTAL ASSET BACKED SECURITIES
(Cost $2,444,244)			$	2,406,813

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

376

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust A (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 2.14%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$4,071,141 on 10/01/2008,
collateralized by $3,785,000
Federal National Mortgage
Association, 5.625% due
07/15/2037 (valued at $4,154,567,
including interest)	$	4,071,000	$	4,071,000
TOTAL REPURCHASE AGREEMENTS
(Cost $4,071,000)			$	4,071,000
Total Investments (Total Bond Market Trust A)
(Cost $195,386,743) - 101.43%			$	193,110,957
Liabilities in Excess of Other Assets - (1.43)%				(2,730,272)
TOTAL NET ASSETS - 100.00%			$	190,380,685
Total Bond Market Trust B
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 20.46%
U.S. Treasury Bonds - 13.21%
4.375% due 02/15/2038	$	1,910,000	$	1,934,322
5.25% due 11/15/2028		250,000		276,973
6.25% due 05/15/2030		300,000		376,781
6.625% due 02/15/2027		295,000		375,802
6.75% due 08/15/2026		775,000		994,967
7.50% due 11/15/2016		1,870,000		2,350,064
7.875% due 02/15/2021		900,000		1,209,867
8.75% due 08/15/2020		1,400,000		1,987,234
8.875% due 08/15/2017		1,550,000		2,121,925
9.25% due 02/15/2016		3,550,000		4,860,170
11.25% due 02/15/2015		2,010,000		2,915,443
11.75% due 11/15/2014		465,000		515,896
13.25% due 05/15/2014		1,200,000		1,283,626
				21,203,070
U.S. Treasury Notes - 7.25%
3.125% due 09/30/2013		7,185,000		7,234,397
3.25% due 12/31/2009		1,000,000		1,016,562
3.875% due 05/15/2010		200,000		206,563
4.00% due 08/15/2018		490,000		496,967
5.00% due 02/15/2011 to 08/15/2011		2,485,000		2,671,463
				11,625,952
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $32,226,628)			$	32,829,022
U.S. GOVERNMENT AGENCY OBLIGATIONS - 48.19%
Federal Home Loan Bank - 1.65%
3.875% due 01/15/2010 to 06/14/2013		2,650,000		2,649,435
Federal Home Loan Mortgage Corp. - 7.55%
4.00% due 05/01/2009		52,159		51,856
4.25% due 07/15/2009		2,650,000		2,665,895
4.50% due 05/01/2024 to 10/01/2033		526,769		500,411
5.00% due 10/01/2009 to 04/01/2024		395,652		387,514
5.50% due 02/01/2023		239,596		239,474

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp.
(continued)
5.75% due 01/15/2012	$	1,200,000	$	1,279,891
5.892% due 02/01/2037 (b)		2,425,201		2,451,403
6.00% due 01/01/2009 to 06/01/2022		1,070,673		1,139,346
6.018% due 08/01/2037 (b)		2,410,419		2,440,559
6.25% due 07/15/2032		450,000		525,329
6.50% due 11/01/2015 to 06/01/2021		142,499		148,074
7.00% due 02/01/2016 to 04/01/2032		188,491		199,078
7.50% due 02/01/2016 to 03/01/2032		59,366		63,184
8.00% due 02/01/2030		8,842		9,481
8.50% due 10/01/2031		13,430		14,539
				12,116,034
Federal National Mortgage
Association - 36.29%
3.25% due 04/09/2013		1,000,000		973,837
4.00% due 11/01/2010 to 08/01/2020		1,322,460		1,263,236
4.50% due 12/01/2020 to 06/01/2034		4,246,264		4,127,463
4.618% due 01/01/2035 (b)		3,147,828		3,167,757
5.00% due 07/01/2020 to 12/01/2034		10,399,855		10,213,268
5.491% due 04/01/2036 (b)		757,041		766,027
5.50% due 01/01/2009 to 09/01/2036		14,636,887		14,622,180
5.692% due 04/01/2037		4,959,952		5,023,286
6.00% due 10/01/2013 to 05/01/2035		5,786,308		5,880,112
6.125% due 03/15/2012		2,300,000		2,483,270
6.25% due 05/15/2029		415,000		477,786
6.375% due 06/15/2009		2,800,000		2,856,901
6.50% due 02/01/2015 to 02/01/2036		2,570,286		2,645,098
6.625% due 09/15/2009 to 11/15/2030		2,130,000		2,261,983
7.00% due 12/01/2012 to 10/01/2032		427,981		446,114
7.125% due 01/15/2030		209,000		264,537
7.25% due 05/15/2030		450,000		579,019
7.50% due 10/01/2015 to 08/01/2031		105,777		113,101
8.00% due 08/01/2030 to 09/01/2031		46,704		49,968
8.50% due 09/01/2030		6,654		7,221
				58,222,164
Government - 0.32%
6.75% due 11/01/2025		260,000		309,668
8.60% due 09/26/2019		150,000		196,272
				505,940
Government National Mortgage
Association - 2.38%
4.50% due 05/15/2019 to 08/15/2033		154,807		148,729
5.00% due 05/15/2018 to 06/15/2034		772,764		760,501
5.50% due 11/15/2032 to 11/15/2034		1,308,504		1,312,998
6.00% due 04/15/2017 to 07/15/2034		822,227		839,200
6.50% due 01/15/2016 to 01/15/2033		453,047		474,226
7.00% due 08/15/2029 to 05/15/2032		199,341		209,223
7.50% due 08/15/2029 to 01/15/2031		50,197		53,437
8.00% due 04/15/2031		10,101		10,968
8.50% due 09/15/2030		6,756		7,441
9.00% due 01/15/2031		3,995		4,405
				3,821,128
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $75,596,296)			$	77,314,701

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

377

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
FOREIGN GOVERNMENT OBLIGATIONS - 1.81%
Brazil - 0.25%
Federative Republic of Brazil
6.00% due 01/17/2017	$	410,000	$	395,650
Canada - 0.53%
Government of Canada
5.25% due 11/05/2008		125,000		125,419
Province of Manitoba Canada
9.625% due 12/01/2018		300,000		425,310
Province of Quebec Canada
7.50% due 07/15/2023		100,000		123,535
Province of Quebec Canada
7.125% due 02/09/2024		150,000		180,120
				854,384
Italy - 0.35%
Republic of Italy
6.875% due 09/27/2023		460,000		556,842
Malaysia - 0.03%
Government of Malaysia
8.75% due 06/01/2009		50,000		51,452
Mexico - 0.65%
Government of Mexico
9.875% due 02/01/2010		970,000		1,045,175
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $2,850,043)		$		2,903,503
CORPORATE BONDS - 23.92%
Basic Materials - 0.93%
Agrium, Inc.
6.75% due 01/15/2019		420,000		411,582
Alcan Aluminum, Ltd.
6.125% due 12/15/2033		200,000		165,158
Alcoa, Inc.
6.75% due 07/15/2018		290,000		278,356
E.I. Du Pont de Nemours & Company
6.50% due 01/15/2028		150,000		144,717
Eastman Chemical Company
7.60% due 02/01/2027		50,000		51,752
MeadWestvaco Corp.
6.85% due 04/01/2012		100,000		100,208
7.10% due 11/15/2009		35,000		35,407
Rio Tinto Finance USA, Ltd.
6.50% due 07/15/2018		320,000		302,595
				1,489,775
Communications - 3.60%
Ameritech Capital Funding
6.875% due 10/15/2027		60,000		60,852
AT&T Wireless Services, Inc.
7.875% due 03/01/2011		300,000		315,822
AT&T, Inc.
5.50% due 02/01/2018		500,000		445,260
6.30% due 01/15/2038		210,000		173,922
BellSouth Corp.
6.875% due 10/15/2031		200,000		179,406
British Telecommunications PLC
5.95% due 01/15/2018		175,000		155,192
8.625% due 12/15/2030		230,000		229,445

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Comcast Cable Communications
8.875% due 05/01/2017	$	75,000	$	78,985
Deutsche Telekom International Finance BV
8.75 due 06/15/2030		346,000		334,603
France Telecom SA
8.50% due 03/01/2031		100,000		108,490
GTE Corp.
6.94% due 04/15/2028		100,000		84,851
News America Holdings
7.70% due 10/30/2025		100,000		99,186
8.00% due 10/17/2016		250,000		260,424
News America, Inc.
6.65% due 11/15/2037		175,000		146,777
Sprint Capital Corp.
6.875% due 11/15/2028		150,000		100,500
7.625% due 01/30/2011		300,000		273,000
Tele-Communications-TCI Group
7.125% due 02/15/2028		70,000		62,749
Telefonica Europe BV
8.25% due 09/15/2030		100,000		100,518
Time Warner Companies, Inc.
7.25% due 10/15/2017		350,000		321,233
Time Warner Entertainment Company LP
8.375% due 07/15/2033		200,000		190,131
Time Warner, Inc.
7.625% due 04/15/2031		75,000		65,127
Verizon Communications, Inc.
5.25% due 04/15/2013		250,000		240,960
Verizon Global Funding Corp.
4.375% due 06/01/2013		370,000		341,221
7.25% due 12/01/2010		230,000		239,336
Viacom, Inc.
6.875% due 04/30/2036		145,000		116,243
7.875% due 07/30/2030		280,000		231,325
Vivendi
5.75% due 04/04/2013		305,000		298,208
Vodafone Group PLC
7.75% due 02/15/2010		500,000		515,340
				5,769,106
Consumer, Cyclical - 0.85%
DaimlerChrysler North America Holding
7.20% due 09/01/2009		650,000		656,941
Macys Retail Holdings, Inc.
6.625% due 04/01/2011		200,000		194,414
Target Corp.
6.75% due 01/01/2028		25,000		23,928
7.50% due 08/15/2010		100,000		106,642
Wal-Mart Stores, Inc.
6.75% due 10/15/2023		100,000		101,800
7.55% due 02/15/2030		110,000		119,323
Yum! Brands, Inc.
6.25% due 03/15/2018		170,000		157,630
				1,360,678
Consumer, Non-cyclical - 3.68%
Anheuser Busch Company, Inc.
9.00% due 12/01/2009		470,000		478,850
Archer-Daniels-Midland Company
7.00% due 02/01/2031		385,000		371,087

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

378

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
Coca-Cola Enterprises, Inc.
8.50% due 02/01/2022	$	430,000	$	495,393
ConAgra Foods, Inc.
5.819% due 06/15/2017		62,000		58,709
7.875% due 09/15/2010		167,000		176,235
9.75% due 03/01/2021		13,000		14,790
Covidien International Finance SA
6.00% due 10/15/2017		530,000		523,636
Eli Lilly & Company
7.125% due 06/01/2025		80,000		92,088
General Mills, Inc.
5.25% due 08/15/2013		330,000		327,458
6.00% due 02/15/2012		250,000		254,827
Johnson & Johnson
5.85% due 07/15/2038		290,000		281,989
Kellogg Company, Series B
7.45% due 04/01/2031		100,000		109,640
Kraft Foods, Inc.
5.25% due 10/01/2013		325,000		312,446
Kroger Company
6.40% due 08/15/2017		210,000		201,357
Pepsi Bottling Group, Inc., Series B
7.00% due 03/01/2029		100,000		105,250
Procter & Gamble Company
6.45% due 01/15/2026		100,000		105,721
SABMiller PLC
6.50% due 07/15/2018 (g)		290,000		274,713
Safeway, Inc.
5.80% due 08/15/2012		150,000		151,998
6.35% due 08/15/2017		535,000		518,506
Sara Lee Corp.
6.25% due 09/15/2011		100,000		100,837
Schering Plough Corp.
5.55% due 12/01/2013		250,000		241,759
Tesco PLC
6.15% due 11/15/2037 (g)		245,000		201,170
The Kroger Company
8.05% due 02/01/2010		150,000		154,052
WellPoint, Inc.
6.375% due 06/15/2037		175,000		149,725
Wyeth
5.50% due 03/15/2013		200,000		202,113
				5,904,349
Energy - 2.45%
Anadarko Finance Company, Series B
6.75% due 05/01/2011		515,000		527,048
Apache Corp.
6.00% due 09/15/2013		245,000		244,180
Cameron International Corp.
7.00% due 07/15/2038		320,000		268,177
ConocoPhillips
6.65% due 07/15/2018		50,000		51,515
Devon Financing Corp., ULC
6.875% due 09/30/2011		400,000		417,224
Norsk Hydro ASA
7.25% due 09/23/2027		75,000		81,097
Occidental Petroleum Corp.
6.75% due 01/15/2012		265,000		285,662

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy (continued)
Pemex Project Funding Master Trust
7.375% due 12/15/2014	$	260,000	$	272,839
Petro-Canada
6.05% due 05/15/2018		500,000		436,456
Talisman Energy, Inc.
6.25% due 02/01/2038		610,000		473,774
Tosco Corp.
8.125% due 02/15/2030		110,000		122,419
TransCanada PipeLines, Ltd.
5.85% due 03/15/2036		85,000		70,144
Weatherford International, Ltd.
5.50% due 02/15/2016		350,000		320,800
XTO Energy, Inc.
5.50% due 06/15/2018		415,000		366,834
				3,938,169
Financial - 6.87%
Allstate Corp.
7.20% due 12/01/2009		170,000		172,641
American Express Bank FSB, BKNT
6.00% due 09/13/2017		350,000		292,305
American Express Credit Corp., Series C
7.30% due 08/20/2013		350,000		337,584
American International Group, Inc.
8.25% due 08/15/2018 (g)		280,000		162,672
AXA SA
8.60% due 12/15/2030		120,000		116,536
Bank of America Corp.
5.42% due 03/15/2017		300,000		238,801
Bank One Corp.
7.875% due 08/01/2010		300,000		307,616
Citigroup, Inc.
5.875% due 02/22/2033		220,000		144,164
6.625% due 01/15/2028		100,000		70,766
Credit Suisse First Boston USA, Inc.
6.50% due 01/15/2012		400,000		394,718
FleetBoston Financial Corp.
6.70% due 07/15/2028		75,000		68,055
7.375% due 12/01/2009		100,000		101,833
General Electric Capital Corp.
6.125% due 02/22/2011		1,150,000		1,142,756
Goldman Sachs Group, Inc.
6.345% due 02/15/2034		160,000		105,131
7.35% due 10/01/2009		500,000		484,793
Hartford Financial Services Group, Inc.
6.10% due 10/01/2041		50,000		37,697
HSBC Finance Corp.
5.875% due 02/01/2009		280,000		277,124
8.00% due 07/15/2010		350,000		357,158
HSBC Holdings PLC
7.50% due 07/15/2009		150,000		150,794
John Deere Capital Corp.
5.10% due 01/15/2013		170,000		166,740
6.00% due 02/15/2009		60,000		60,255
Keycorp, MTN
6.50% due 05/14/2013		500,000		359,933
KFW International Finance, Inc.
3.25% due 03/30/2009		500,000		496,558

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

379

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Marsh & McLennan Companies, Inc.
4.85% due 02/15/2013	$	240,000	$	221,700
MBNA Corp.
5.00% due 06/15/2015		250,000		203,677
Merrill Lynch & Company, Inc.
5.45% due 07/15/2014		170,000		146,821
6.875% due 11/15/2018		120,000		103,278
Merrill Lynch & Company, Inc., MTN
6.875% due 04/25/2018		260,000		230,035
MetLife, Inc., Series A
6.817% due 08/15/2018		420,000		397,406
Morgan Stanley
6.75% due 04/15/2011		250,000		185,029
Morgan Stanley, MTN
5.95% due 12/28/2017		255,000		159,744
6.625% due 04/01/2018		175,000		115,813
Nationsbank Corp.
7.75% due 08/15/2015		400,000		391,923
ProLogis
5.50% due 04/01/2012		600,000		575,339
5.625% due 11/15/2016		185,000		157,585
Royal Bank of Scotland Group PLC
5.00% due 11/12/2013		300,000		294,081
6.40% due 04/01/2009		150,000		150,801
Simon Property Group LP
5.875% due 03/01/2017		255,000		225,399
SMBC International Finance NV
8.50% due 06/15/2009		100,000		102,411
Torchmark Corp.
8.25% due 08/15/2009		100,000		103,158
Toyota Motor Credit Corp.
5.50% due 12/15/2008		60,000		60,000
Travelers Property Casualty Corp.
7.75% due 04/15/2026		50,000		50,766
Unilever Capital Corp.
7.125% due 11/01/2010		200,000		213,388
US Bank NA, BKNT
6.375% due 08/01/2011		325,000		328,063
Wells Fargo Bank NA
6.45% due 02/01/2011		550,000		558,404
				11,021,451
Industrial - 2.26%
Boeing Company
8.75% due 09/15/2031		90,000		111,834
Canadian National Railway Company
6.375% due 10/15/2011		300,000		310,140
Caterpillar, Inc.
5.30% due 09/15/2035		62,000		50,773
Commercial Metals Company
7.35% due 08/15/2018		410,000		387,174
CRH America, Inc.
8.125% due 07/15/2018		300,000		294,326
CSX Corp.
6.25% due 04/01/2015		620,000		590,638
Honeywell International, Inc.
7.50% due 03/01/2010		75,000		78,877
Ingersoll-Rand Global Holding Company, Ltd.
6.875% due 08/15/2018		410,000		404,056

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
Northrop Grumman Corp.
7.75% due 03/01/2016	$	75,000	$	82,569
Stanley Works
6.15% due 10/01/2013		410,000		407,736
Tyco Electronics Group SA
6.55% due 10/01/2017		600,000		577,372
Union Pacific Corp.
6.625% due 02/01/2029		85,000		79,986
United Technologies Corp.
6.10% due 05/15/2012		180,000		186,301
8.875% due 11/15/2019		50,000		61,243
				3,623,025
Technology - 0.59%
Dell, Inc.
4.70% due 04/15/2013 (g)		450,000		433,450
International Business Machines Corp.
7.00% due 10/30/2025		100,000		104,787
Oracle Corp.
5.75% due 04/15/2018		445,000		413,185
				951,422
Utilities - 2.69%
Alabama Power Company
5.70% due 02/15/2033		80,000		70,466
CalEnergy Company, Inc.
8.48% due 09/15/2028		60,000		66,044
Cincinnati Gas & Electric Company
5.70% due 09/15/2012		300,000		298,671
Constellation Energy Group, Inc.
7.00% due 04/01/2012		240,000		242,388
Dominion Resources, Inc.
5.00% due 03/15/2013		250,000		241,052
Duke Energy Corp.
5.625% due 11/30/2012		400,000		405,120
E.ON International Finance BV
5.80% due 04/30/2018 (g)		275,000		262,833
FirstEnergy Corp.
7.375% due 11/15/2031		246,000		228,717
Hydro Quebec, Series HY
8.40% due 01/15/2022		100,000		133,539
Indiana Michigan Power Company
6.05% due 03/15/2037		187,000		152,537
Israel Electric Corp., Ltd.
7.25% due 01/15/2019 (g)		505,000		505,826
Niagara Mohawk Power Corp., Series G
7.75% due 10/01/2008		200,000		200,000
NiSource Finance Corp.
6.80% due 01/15/2019		500,000		454,171
Oncor Electric Delivery Company
6.375% due 05/01/2012		400,000		383,352
7.50% due 09/01/2038 (g)		400,000		334,604
Progress Energy, Inc.
7.10% due 03/01/2011		235,000		241,467
United Utilities PLC
6.875% due 08/15/2028		100,000		96,602
				4,317,389
TOTAL CORPORATE BONDS (Cost $41,286,699)			$	38,375,364

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

380

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS - 3.29%
Bear Stearns Commercial Mortgage Securities,
Series 2004-PWR3, Class A4
4.715% due 02/11/2041	$	500,000	$	458,506
Chase Commercial Mortgage Securities Corp.,
Series 2000-2, Class A2
7.631% due 07/15/2032		300,000		306,131
Citigroup Commercial Mortgage Trust, Series
2006-C4, Class A1
5.9151% due 03/15/2049 (b)		443,382		436,373
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2005-LDP5, Class A4
5.3445% due 12/15/2044 (b)		835,000		756,297
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2004-CB8, Class A4
4.404% due 01/12/2039 (b)		400,000		356,059
LB Commercial Conduit Mortgage Trust,
Series 1999-C2, Class A2
7.325% due 10/15/2032		274,211		276,042
Merrill Lynch Mortgage Trust, Series 2008-C1,
Class A4
5.69% due 02/12/2051		440,000		371,849
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class AM
5.8412% due 05/12/2039 (b)		800,000		660,631
Prudential Commercial Mortgage Trust,
Series 2003-PWR1, Class A2
4.493% due 02/11/2036		450,000		413,923
Salomon Brothers Mortgage Securities VII,
Series 2000-C1, Class A2
7.52% due 12/18/2009 (b)		276,977		279,509
Salomon Brothers Mortgage Securities VII,
Series 2000-C3, Class A2
6.592% due 12/18/2033		493,622		495,996
Wachovia Bank Commercial Mortgage Trust,
Series 2004-C11, Class A5
5.215% due 01/15/2041 (b)		500,000		461,729
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $5,826,363)			$	5,273,045
ASSET BACKED SECURITIES - 2.02%
American Express Issuance Trust, Series 2008-1,
Class A
3.4376% due 12/15/2010 (b)		515,000		510,924
Bank of America Credit Card Trust, Series
2008-A3, Class A3
3.2375% due 08/15/2011 (b)		665,000		664,391
CNH Equipment Trust, Series 2008-B, Class A2B
3.4875% due 04/15/2011 (b)		680,000		674,646
Detroit Edison Securitization Funding, LLC,
Series 2001-1, Class A6
6.62% due 03/01/2016		250,000		251,561
GE Capital Commercial Mortgage Corp.,
Series 2001-2, Class A4
6.29% due 08/11/2033 (b)		550,000		548,734
Massachusetts RRB Special Purpose Trust,
Series 1999-1, Class A5
7.03% due 03/15/2012		90,140		92,357

Total Bond Market Trust B (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2006-2, Class A1
5.773% due 06/12/2046	$	503,832	$	498,241
TOTAL ASSET BACKED SECURITIES
(Cost $3,350,010)			$	3,240,854
SUPRANATIONAL OBLIGATIONS - 0.33%
Government - 0.33%
African Development Bank
6.875% due 10/15/2015		35,000		39,839
Asian Development Bank
5.593% due 07/16/2018		250,000		268,856
Inter-American Development Bank
8.50% due 03/15/2011		200,000		222,950
				531,645
TOTAL SUPRANATIONAL OBLIGATIONS
(Cost $515,831)			$	531,645
Total Investments (Total Bond Market Trust B)
(Cost $161,651,870) - 100.02%			$	160,468,134
Liabilities in Excess of Other Assets - (0.02)%				(28,368)
TOTAL NET ASSETS - 100.00%			$	160,439,766
Total Return Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 0.86%
Treasury Inflation-Protected
Securities (d) - 0.86%
1.75% due 01/15/2028	$	4,514,054	$	3,938,160
2.00% due 07/15/2014		11,626,200		11,597,135
2.625% due 07/15/2017		3,183,390		3,278,395
				18,813,690
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $19,357,309)			$	18,813,690
U.S. GOVERNMENT AGENCY OBLIGATIONS - 78.13%
Federal Home Loan Mortgage Corp. - 8.98%
3.927% due 06/01/2034 (b)		660,945		666,142
4.875% due 06/13/2018		4,200,000		4,240,126
5.00% due 05/01/2018 to 12/01/2018		2,287,703		2,287,971
5.50% due 04/01/2037 to 09/01/2038		29,896,649		29,752,602
5.50% TBA **		105,500,000		104,832,385
6.00% due 03/01/2016 to 08/01/2038		52,657,332		53,326,323
6.695% due 01/01/2029 (b)		341,952		346,821
5.00% due 12/14/2018		2,300,000		2,151,817
				197,604,187
Federal National Mortgage
Association - 68.42%
4.49% due 06/01/2043 (b)		2,001,141		2,000,547
4.547% due 05/01/2036 (b)		3,999,517		4,039,338
4.564% due 09/01/2035 (b)		5,360,076		5,397,246
4.69% due 10/01/2040 (b)		356,362		358,281
4.818% due 09/01/2035 (b)		764,837		743,356

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

381

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PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY
OBLIGATIONS (continued)
Federal National Mortgage
Association (continued)
5.00% due 11/01/2017 to 10/14/2038	$	209,904,742	$	206,087,462
5.00% TBA **		176,500,000		171,758,795
5.068% due 05/01/2035 (b)		738,088		725,514
5.50% due 11/01/2016 to 08/01/2038		375,555,388		374,962,085
5.50% TBA **		339,000,000		337,600,469
6.00% due 03/01/2016 to 07/01/2038		181,918,154		184,368,572
6.00% TBA **		202,000,000		204,588,024
6.116% due 07/01/2009 (b)		29,170		29,067
6.50% due 03/01/2036 to 10/14/2038		12,184,364		12,566,171
				1,505,224,927
Government National Mortgage
Association - 0.43%
4.75% due 01/20/2032 to 02/20/2032 (b)		928,715		922,012
5.00% due 11/20/2034 to 03/20/2035		1,308,925		1,146,412
5.125% due 10/20/2029 to 11/20/2029 (b)		578,769		576,131
5.375% due 05/20/2023 to 05/20/2030 (b)		903,378		913,309
5.625% due 09/20/2021 (b)		82,703		82,913
6.00% due 04/15/2037 to 08/15/2038		5,695,555		5,786,260
				9,427,037
Small Business Administration - 0.30%
4.504% due 02/10/2014		594,471		566,937
4.88% due 11/01/2024		145,324		141,578
5.13% due 07/01/2023		245,807		243,130
5.52% due 06/01/2024		4,964,735		5,001,213
6.344% due 08/10/2011		545,788		556,219
7.449% due 08/01/2010		50,846		51,660
				6,560,737
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $1,715,327,906)		$ 1,718,816,888
FOREIGN GOVERNMENT OBLIGATIONS - 0.07%
Brazil - 0.05%
Federative Republic of Brazil
10.25% due 01/10/2028	BRL	2,600,000		1,200,326
South Africa - 0.02%
Republic of South Africa
5.875% due 05/30/2022	$	500,000		432,500
TOTAL FOREIGN GOVERNMENT OBLIGATIONS
(Cost $2,019,776)			$	1,632,826
CORPORATE BONDS - 25.29%
Basic Materials - 0.39%
Corporacion Nacional Del Cobre de Chile -
CODELCO
6.15% due 10/24/2036 (g)		400,000		355,868
Nucor Corp.
5.75% due 12/01/2017		5,200,000		4,988,750
Rohm & Haas Company
6.00% due 09/15/2017		2,100,000		1,951,423
Vale Overseas, Ltd.
6.25% due 01/23/2017		700,000		654,108
6.875% due 11/21/2036		700,000		623,075
				8,573,224

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications - 1.71%
AT&T Broadband Corp.
8.375% due 03/15/2013	$	200,000	$	209,758
AT&T Corp.
7.30 due 11/15/2011 (b)		1,538,000		1,597,198
AT&T, Inc.
4.95% due 01/15/2013		500,000		479,000
5.50% due 02/01/2018		400,000		356,208
6.30% due 01/15/2038		300,000		248,460
Comcast Corp.
3.0881% due 07/14/2009 (b)		4,400,000		4,305,444
5.875% due 02/15/2018		1,000,000		891,632
6.45% due 03/15/2037		1,000,000		806,563
Deutsche Telekom International Finance BV
2.9813% due 03/23/2009 (b)		4,900,000		4,875,769
France Telecom SA
7.75% due 03/01/2011		200,000		209,898
Qwest Capital Funding, Inc.
7.25% due 02/15/2011		113,000		105,655
Qwest Corp.
7.625% due 06/15/2015		2,700,000		2,349,000
Telecom Italia Capital SA
3.395% due 07/18/2011 (b)		4,800,000		4,479,566
Telefonica Emisones SAU
3.5038% due 06/19/2009 (b)		4,700,000		4,672,387
Time Warner, Inc.
3.0338% due 11/13/2009 (b)		3,700,000		3,552,352
Verizon Communications, Inc.
2.8375% due 04/03/2009 (b)		8,400,000		8,337,034
Verizon Global Funding Corp.
7.25% due 12/01/2010		200,000		208,118
				37,684,042
Consumer, Cyclical - 0.37%
American Airlines, Series 2001-2, Class A-1
6.978% due 04/01/2011		154,563		146,834
DaimlerChrysler N.A. Holding Corp.
3.2181% due 03/13/2009 (b)		3,000,000		2,987,016
DaimlerChrysler N.A. Holding Corp., MTN
3.1381% due 03/13/2009 (b)		1,300,000		1,295,224
3.2413% due 08/03/2009 (b)		3,500,000		3,484,306
MGM Mirage, Inc.
6.00% due 10/01/2009		200,000		187,000
				8,100,380
Consumer, Non-cyclical - 0.40%
Amgen, Inc.
2.8894% due 11/28/2008 (b)		3,950,000		3,939,244
Anheuser-Busch Companies, Inc.
5.50% due 01/15/2018		200,000		171,764
AstraZeneca PLC
5.90% due 09/15/2017		1,400,000		1,378,486
6.45% due 09/15/2037		1,400,000		1,338,611
Kraft Foods, Inc.
6.25% due 06/01/2012		100,000		100,524
Philip Morris International, Inc.
5.65% due 05/16/2018		2,000,000		1,848,668
				8,777,297

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

382

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Energy - 1.06%
Anadarko Petroleum Corp.
3.1762% due 09/15/2009 (b)	$	5,700,000	$	5,632,882
El Paso Corp.
7.75% due 01/15/2032		5,475,000		4,582,318
Gaz Capital for Gazprom
6.212% due 11/22/2016 (g)		700,000		553,532
NGPL PipeCo LLC
6.514% due 12/15/2012 (g)		3,200,000		3,205,184
Peabody Energy Corp.
7.875% due 11/01/2026		1,200,000		1,068,000
Petroleum Export, Ltd.
5.265% due 06/15/2011 (g)		391,133		387,312
Ras Laffan Liquefied Natural Gas Company, Ltd. III
5.838% due 09/30/2027 (g)		1,500,000		1,293,240
Salomon Brothers AG for OAO Gazprom
10.50% due 10/21/2009		3,600,000		3,618,000
Williams Companies, Inc.
6.375% due 10/01/2010 (g)		3,200,000		3,136,000
				23,476,468
Financial - 20.36%
Allstate Life Global Funding Trusts, MTN
5.375% due 04/30/2013		3,000,000		2,896,032
American Express Bank FSB, BKNT
3.2475% due 10/20/2009 (b)		4,300,000		4,212,598
6.00% due 09/13/2017		300,000		250,547
American Express Centurion Bank, BKNT
2.5069% due 06/12/2009 (b)		8,200,000		7,924,332
6.00% due 09/13/2017		300,000		251,041
American Express Company
7.00% due 03/19/2018		1,000,000		882,578
American Express Credit Corp., MTN
2.5456% due 03/02/2009 (b)		4,300,000		4,209,657
5.875% due 05/02/2013		2,800,000		2,580,617
American Honda Finance Corp., MTN
2.8525% due 02/09/2010 (b)(g)		4,600,000		4,574,024
American International Group, Inc.
2.5381% due 06/16/2009 (b)(g)		3,000,000		2,231,192
5.05% due 10/01/2015		700,000		377,355
American International Group, Inc., MTN
4.95% due 03/20/2012		700,000		431,605
5.85% due 01/16/2018		100,000		50,195
American International Group, Inc., Series 1
2.895% due 10/18/2011 (b)		300,000		178,067
ANZ National International, Ltd.
2.8425% due 08/07/2009 (b)(g)		5,000,000		4,986,900
6.20% due 07/19/2013 (g)		3,900,000		3,871,569
Bank of America NA, BKNT
2.8763% due 12/18/2008 (b)		1,900,000		1,895,976
6.00% due 10/15/2036		1,400,000		1,166,781
Bank of Ireland, MTN
2.9263% due 12/18/2009 (b)		9,000,000		8,913,564
Bank of Ireland, Series YCD
2.8306% due 01/15/2010 (b)		10,500,000		10,397,321
Barclays Bank PLC
5.45% due 09/12/2012		32,500,000		32,406,985
Bear Stearns Companies, Inc.
3.1863% due 07/19/2010 (b)		6,900,000		6,761,821
6.95% due 08/10/2012		4,900,000		4,949,608

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Bear Stearns Companies, Inc., MTN
2.9013% due 08/21/2009 (b)	$	13,200,000	$	13,066,667
3.0606% due 07/16/2009 (b)		4,400,000		4,368,588
Bear Stearns Companies, Inc., Series B, MTN
2.8906% due 03/30/2009 (b)		3,800,000		3,780,552
C10 Capital SPV, Ltd.
6.722% due 12/01/2049 (b)(g)		2,500,000		2,313,700
Caelus Re, Ltd.
9.06% due 06/07/2011 (b)(g)		1,400,000		1,357,984
Calabash Re, Ltd.
11.2138% due 01/08/2010 (b)(g)		3,100,000		3,131,516
China Development Bank
5.00% due 10/15/2015		500,000		471,229
CIT Group, Inc.
2.9463% due 01/30/2009 (b)		3,600,000		3,243,366
3.2125% due 12/19/2008 (b)		3,500,000		3,459,816
CIT Group, Inc., MTN
2.9269% due 08/17/2009 (b)		6,600,000		5,310,254
Citigroup Capital XXI
8.30% due 12/21/2057 (b)		8,400,000		6,258,512
Citigroup Funding, Inc., MTN
2.805% due 12/08/2008 (b)		1,400,000		1,393,270
2.8094% due 06/26/2009 (b)		3,000,000		2,929,773
3.19% due 04/23/2009 (b)		900,000		885,045
Citigroup, Inc.
2.8306% due 12/28/2009 (b)		1,200,000		1,161,226
2.8363% due 01/30/2009 (b)		8,800,000		8,707,019
2.8481% due 12/26/2008 (b)		8,100,000		8,043,397
5.30% due 10/17/2012		1,600,000		1,424,358
5.50% due 08/27/2012		3,800,000		3,412,541
5.50% due 04/11/2013		10,900,000		9,514,185
5.85% due 07/02/2013		1,000,000		877,190
6.125% due 08/25/2036		4,200,000		2,728,135
8.40% due 04/29/2049 (b)		8,900,000		6,057,874
Credit Agricole SA
2.8094% due 05/28/2009 (b)(g)		3,400,000		3,385,740
2.8594% due 05/28/2010 (b)(g)		3,900,000		3,865,797
Deutsche Bank AG
6.00% due 09/01/2017		6,700,000		6,329,939
DnB NORBank ASA
2.8581% due 10/13/2009 (b)(g)		3,300,000		3,294,697
Ford Motor Credit Company LLC
5.70% due 01/15/2010		600,000		459,502
5.80% due 01/12/2009		1,000,000		949,474
7.25% due 10/25/2011		100,000		63,589
7.375% due 10/28/2009		2,900,000		2,331,501
7.375% due 02/01/2011		100,000		66,448
7.875% due 06/15/2010		400,000		305,331
8.625% due 11/01/2010		300,000		212,736
General Electric Capital Corp.
5.50% due 09/15/2067 (b)(g)	EUR	12,700,000		10,804,319
5.875% due 01/14/2038	$	4,200,000		3,096,450
General Electric Capital Corp., MTN
2.8313% due 01/05/2009 (b)		200,000		199,503
2.8563% due 01/20/2010 (b)		2,300,000		2,283,527
2.8744% due 08/15/2011 (b)		5,800,000		5,664,645
2.9894% due 01/08/2016 (b)		1,600,000		1,475,382
General Electric Capital Corp., Series A
2.8512% due 10/06/2010 (b)		800,000		787,131

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

383

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
General Electric Capital Corp., Series A, MTN
2.8963% due 12/15/2009 (b)	$	2,600,000	$	2,583,017
GMAC LLC
6.00% due 12/15/2011		600,000		266,783
Goldman Sachs Group, Inc.
3.30% due 06/23/2009 (b)		3,200,000		3,041,696
5.625% due 01/15/2017		2,900,000		2,058,382
5.95% due 01/18/2018		8,200,000		6,764,705
6.15% due 04/01/2018		3,700,000		3,076,602
6.25% due 09/01/2017		6,600,000		5,525,513
Goldman Sachs Group, Inc., MTN
2.8925% due 11/10/2008 (b)		4,000,000		3,971,384
2.8869% due 11/16/2009 (b)		1,600,000		1,480,341
3.25% due 12/23/2008 (b)		600,000		591,254
Goldman Sachs Group, Inc., Series B, MTN
3.1294% due 07/23/2009 (b)		9,600,000		9,100,243
3.2938% due 12/22/2008 (b)		4,600,000		4,534,381
HBOS PLC
5.92% due 09/29/2049 (b)(g)		700,000		412,837
HBOS Treasury Services PLC, MTN
2.8294% due 07/17/2009 (b)(g)		5,800,000		5,764,011
HSBC Bank USA, BKNT
2.9569% due 06/10/2009 (b)		1,200,000		1,193,606
HSBC Finance Corp.
2.8463% due 10/21/2009 (b)		2,600,000		2,466,667
HSBC Holdings PLC
6.50% due 05/02/2036		1,300,000		1,076,734
6.50% due 09/15/2037		1,600,000		1,360,744
JPMorgan Chase & Company
6.00% due 01/15/2018		2,500,000		2,279,680
JPMorgan Chase & Company, MTN
2.8419% due 05/07/2010 (b)		5,600,000		5,528,410
JPMorgan Chase Bank NA, BKNT
6.00% due 10/01/2017		5,400,000		4,949,570
JPMorgan Chase Capital XX, Series T
6.55% due 09/29/2036		700,000		514,698
KeyBank NA, BKNT
5.0606% due 06/02/2010 (b)		5,400,000		5,373,583
Lehman Brothers Holdings, Inc., MTN
4.2838% due 10/22/2008 ^ (b)		6,100,000		762,500
5.3744% due 11/24/2008 ^ (b)		2,300,000		287,500
5.415% due 12/23/2008 ^ (b)		500,000		62,500
5.46% due 11/16/2009 ^ (b)		8,000,000		1,000,000
5.50% due 05/25/2010 ^ (b)		1,800,000		225,000
5.5163% due 08/21/2009 ^ (b)		3,100,000		387,500
5.5981% due 04/03/2009 ^ (b)		3,500,000		437,500
5.7269% due 07/18/2011 ^ (b)		2,700,000		337,500
6.875% due 05/02/2018 ^		1,100,000		137,500
Longpoint Re, Ltd.
8.0638% due 05/08/2010 (b)(g)		1,700,000		1,729,920
Merrill Lynch & Company, Inc.
6.40% due 08/28/2017		4,300,000		3,719,160
Merrill Lynch & Company, Inc., MTN
2.8525% due 05/08/2009 (b)		2,900,000		2,822,532
2.8944% due 08/14/2009 (b)		3,400,000		3,278,974
3.00% due 07/25/2011 (b)		4,800,000		4,147,502
6.875% due 04/25/2018		9,300,000		8,228,175
MetLife, Inc.
6.40% due 12/15/2036 (b)		1,300,000		810,467

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Metropolitan Life Global Funding I, MTN
2.8469% due 05/17/2010 (b)(g)	$	7,200,000	$	7,105,550
Mitsubishi UFJ Financial Group, Inc., Capital
Finance 1, Ltd.
6.346% due 07/29/2049 (b)		700,000		529,766
Monumental Global Funding, Ltd.
5.50% due 04/22/2013 (g)		2,300,000		2,247,905
Morgan Stanley, MTN
2.8806% due 01/15/2010 (b)		2,900,000		2,236,376
3.2275% due 11/21/2008 (b)		2,800,000		2,762,614
4.9044% due 05/14/2010 (b)		6,200,000		4,526,254
Morgan Stanley, Series F, MTN
2.8519% due 05/07/2009 (b)		4,100,000		3,554,725
Morgan Stanley, Series G, MTN
2.9125% due 02/09/2009 (b)		7,300,000		6,362,016
Mystic Re, Ltd.
12.8106% due 06/07/2011 (b)(g)		1,100,000		1,118,935
National Australia Bank, Ltd.
2.8581% due 09/11/2009 (b)(g)		3,800,000		3,789,949
5.35% due 06/12/2013 (g)		3,300,000		3,170,673
Osiris Capital PLC, Series D
7.7906% due 01/15/2010 (b)(g)		1,900,000		1,907,681
Pricoa Global Funding I
2.8963% due 01/30/2012 (b)(g)		3,900,000		3,754,717
3.0081% due 09/27/2013 (b)(g)		3,300,000		3,098,786
Principal Life Income Funding Trusts, MTN
5.30% due 04/24/2013		2,700,000		2,691,522
5.55% due 04/27/2015		4,300,000		4,267,273
Prudential Financial, Inc., MTN
6.625% due 12/01/2037		900,000		755,632
Residential Capital LLC
5.9119% due 05/22/2009 (b)		4,500,000		2,025,000
Residential Reinsurance 2007, Ltd., Series CL2
13.0606% due 06/07/2010 (b)(g)		700,000		719,960
Resona Bank, Ltd.
5.85% due 09/29/2049 (b)(g)		700,000		514,839
Santander Perpetual SA Unipersonal
6.671% due 10/29/2049 (b)(g)		6,700,000		6,245,372
Santander US Debt SA Unipersonal
2.8738% due 11/20/2009 (b)(g)		4,100,000		4,060,624
SLM Corp., Series MTN
2.96% due 07/26/2010 (b)		500,000		379,255
SMFG Preferred Capital
6.078% due 01/29/2049 (b)(g)		2,400,000		1,713,720
State Street Capital Trust IV
3.7762% due 06/01/2067 (b)		600,000		395,753
TNK-BP Finance SA
6.125% due 03/20/2012 (g)		700,000		553,000
TransCapitalInvest, Ltd., for OJSC AK Transneft
8.70% due 08/07/2018 (g)		1,300,000		1,163,685
UBS AG/Stamford Branch, MTN
5.75% due 04/25/2018		2,400,000		2,087,400
UBS AG/Stamford Branch, Series DPNT
5.875% due 12/20/2017		2,600,000		2,308,600
USB Capital IX
6.189% due 03/29/2049 (b)		500,000		245,000
Wachovia Bank NA, BKNT
2.7575% due 10/03/2008		2,600,000		2,600,000
2.8706% due 05/25/2010 (b)		16,500,000		13,259,087

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

384

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
Wachovia Corp, MTN
2.8606% due 12/01/2009 (b)	$	800,000	$	696,530
Wachovia Corp.
5.625% due 10/15/2016		300,000		186,894
5.75% due 02/01/2018		7,600,000		5,701,429
ZFS Finance USA Trust IV
5.875% due 05/09/2032 (g)		1,500,000		1,023,150
				447,921,016
Government - 0.24%
Export-Import Bank of China
4.875% due 07/21/2015 (g)		500,000		467,730
Export-Import Bank of Korea
2.9006% due 06/01/2009 (b)		4,800,000		4,761,024
				5,228,754
Industrial - 0.35%
General Electric Company
2.8544% due 12/09/2008 (b)		2,800,000		2,789,646
Siemens Financieringsmaatschappij NV
2.8544% due 08/14/2009 (b)(g)		4,900,000		4,894,811
				7,684,457
Technology - 0.26%
Dell, Inc.
4.70% due 04/15/2013 (g)		5,900,000		5,683,010
Utilities - 0.15%
Dominion Resources, Inc.
5.70% due 09/17/2012		150,000		148,555
PSEG Power LLC
6.95% due 06/01/2012		100,000		101,999
Southern California Edison Company
2.8913% due 02/02/2009 (b)		2,600,000		2,596,186
Virginia Electric & Power Company
6.35% due 11/30/2037		500,000		451,321
				3,298,061
TOTAL CORPORATE BONDS (Cost $634,845,315)			$	556,426,709
CONVERTIBLE BONDS - 0.08%
Financial - 0.08%
RBS Capital Trust I
4.709% due 12/29/2049 (b)		2,100,000		1,726,284
TOTAL CONVERTIBLE BONDS (Cost $1,958,002)			$	1,726,284
MUNICIPAL BONDS - 1.14%
Alaska - 0.35%
Northern Tobacco Securitization Corp., of Alaska
Tobacco Settlement, Asset-Backed, Series A
5.00% due 06/01/2046		12,000,000		7,598,880
California - 0.26%
Los Angeles Unified School District of California
4.50% due 07/01/2022		6,200,000		5,773,998
Illinois - 0.34%
Chicago Illinois Transit Authority, Series A
6.30% due 12/01/2021		200,000		204,412
6.899% due 12/01/2040		3,400,000		3,583,940

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
MUNICIPAL BONDS (continued)
Illinois (continued)
Chicago Illinois Transit Authority, Series B
6.30% due 12/01/2021	$	400,000	$	408,824
6.899% due 12/01/2040		3,300,000		3,354,747
				7,551,923
Iowa - 0.02%
Tobacco Settlement Authority of Iowa, Tobacco
Settlement Revenue, Series A
6.50% due 06/01/2023		445,000		389,308
Rhode Island - 0.02%
Tobacco Settlement Financing Corp., of Rhode
Island, Asset-Backed, Series A
6.25% due 06/01/2042		500,000		423,590
Wisconsin - 0.15%
Badger Tobacco Asset Securitization Corp.
6.00% due 06/01/2017		2,900,000		2,945,878
6.375% due 06/01/2032		200,000		201,972
Wisconsin State Clean Water Revenue
5.10% due 06/01/2021		110,000		110,138
5.10% due 06/01/2022		25,000		24,804
				3,282,792
TOTAL MUNICIPAL BONDS (Cost $26,726,994)		$		25,020,491
COLLATERALIZED MORTGAGE
OBLIGATIONS - 12.48%
American Home Mortgage Investment Trust, Series
2004-4, Class 4A
4.39% due 02/25/2045		1,318,024		882,665
Bank of America Funding Corp., Series 2005-D,
Class A1
4.1153% due 05/25/2035 (b)		2,456,419		2,089,795
Bank of America Funding Corp., Series 2004-A,
Class 1A3
5.0083% due 09/20/2034 (b)		911,280		801,539
Bank of America Mortgage Securities, Inc., Series
2004-1, Class 5A1
6.50% due 02/25/2033		296,760		280,531
Bank of America Mortgage Securities, Inc.,
Series 2004-2, Class 5A1
6.50% due 10/25/2031		44,175		44,442
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-9, Class 22A1
4.7713% due 11/25/2034 (b)		1,809,215		1,655,713
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-2, Class A1
4.125% due 03/25/2035 (b)		26,951,553		25,034,349
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-3, Class 1A2
4.6642% due 07/25/2034 (b)		108,835		99,178
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2002-11, Class 1A2
6.7552% due 01/25/2033 (b)		279,723		277,774
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2003-8, Class 2A1
4.736% due 01/25/2034 (b)		1,635,607		1,609,066
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-6, Class 1A1
5.2412% due 09/25/2034 (b)		150,738		110,834

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

385

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-7, Class 1A1
6.6901% due 10/25/2034 (b)	$	144,713	$	127,340
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-9, Class 2A1
5.3245% due 09/25/2034 (b)		159,933		132,509
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2005-4, Class 2A1
5.3692% due 05/25/2035 (b)		3,376,032		2,866,131
Bear Stearns Alt-A Trust, Series 2005-7, Class 22A1
5.5045% due 09/25/2036 (b)		1,942,435		1,563,644
Bear Stearns Alt-A Trust, Series 2006-8, Class 3A1
2.6319% due 02/25/2034 (b)		2,488,216		1,521,713
Bear Stearns Commercial Mortgage Securities,
Series 2007-PW18, Class A4
5.70% due 06/11/2050		5,200,000		4,420,466
Citigroup Mortgage Loan Trust, Inc., Series
2005-11, Class A2A
4.70% due 12/25/2035		887,180		824,246
Citigroup Mortgage Loan Trust, Inc., Series 2005-6,
Class A1
4.7475% due 08/25/2035 (b)		21,402,816		20,337,570
Commercial Mortgage Pass-Through Certificates,
Series 2006-C8, Class A4
5.306% due 12/10/2046 (b)		2,900,000		2,511,579
Countrywide Alternative Loan Trust, Series
2007-OA6, Class A1B
2.6719% due 06/25/2037 (b)		16,459,826		10,034,221
Countrywide Alternative Loan Trust,
Series 2003-J3, Class 2A1
6.25% due 12/25/2033		84,037		81,691
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2003-10, Class A2
5.75% due 05/25/2033		109,007		108,929
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2003-R4, Class 1A3
6.00% due 11/25/2026 (g)		91,511		91,243
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-22, Class A3
4.7957% due 11/25/2034 (b)		3,411,212		2,992,160
Countrywide Home Loan Mortgage Pass Through
Trust, Series 2004-HYB9, Class 1A1
4.7189% due 02/20/2035 (b)		6,134,819		5,445,457
Countrywide Home Loans, Series 2005-3, Class 1A2
2.7619% due 04/25/2035 (b)		463,848		293,365
Countrywide Home Loans, Series 2003-R4,
Class 2A
6.50% due 01/25/2034 (g)		215,333		197,097
Countrywide Home Loans, Series 2004-12,
Class 11A2
4.7323% due 08/25/2034 (b)		112,804		94,683
Countrywide Home Loans,
Series 2005-HYB9, Class 3A2A
5.25% due 11/20/2025 (b)		871,087		674,759
Credit Suisse First Boston Mortgage Securities
Corp., Series 2004-AR8, Class 2A1
4.5972% due 09/25/2034 (b)		435,300		403,430
Credit Suisse Mortgage Capital Certificates,
Series 2007-C5, Class A4
5.695% due 09/15/2040 (b)		11,200,000		9,484,166

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal Home Loan Mortgage Corp., REMIC,
Series 2007-3346, Class FA
2.6969% due 02/15/2019 (b)	$	21,188,951	$	20,585,261
Federal Home Loan Mortgage Corp., Series
2007-3335, Class AF
2.6169% due 10/15/2020 (b)		30,871,096		30,310,964
Federal Home Loan Mortgage Corp., Series
2007-3335, Class BF
2.6169% due 07/15/2019 (b)		5,049,575		4,963,536
Federal Home Loan Mortgage Corp., Series 2204,
Class Z
7.50% due 12/20/2029		1,002,117		1,061,867
Federal Home Loan Mortgage Corp., Series 2247,
Class Z
7.50% due 08/15/2030		537,356		571,792
Federal Home Loan Mortgage Corp., Series 2362,
Class ZA
6.50% due 09/15/2031		1,313,231		1,338,874
Federal Home Loan Mortgage Corp., Series 2503,
Class PZ
6.00% due 09/15/2032		2,004,862		2,017,896
Federal Home Loan Mortgage Corp., Series 2863,
Class KZ
5.00% due 09/15/2034		122,090		100,225
Federal Home Loan Mortgage Corp., Series 2901,
Class UB
5.00% due 03/15/2033		800,000		785,129
Federal Home Loan Mortgage Corp., Series 2906,
Class GZ
5.00% due 09/15/2034		361,728		312,530
Federal Home Loan Mortgage Corp., Series 2935,
Class HJ
5.00% due 02/15/2035		400,000		376,788
Federal Home Loan Mortgage Corp., Series 2941,
Class WE
5.00% due 03/15/2035		400,000		375,819
Federal Home Loan Mortgage Corp., Series 3149,
Class LF
2.7669% due 05/15/2036 (b)		2,456,211		2,396,459
Federal Home Loan Mortgage Corp., Series 3335,
Class FT
2.6169% due 08/15/2019 (b)		22,816,118		22,417,605
Federal Home Loan Mortgage Corp., Series T-63,
Class 1A1
4.4901% due 02/25/2045 (b)		319,386		290,044
Federal Home Loan Mortgage Corp., Series 24989,
Class PE
6.00% due 08/15/2032		1,395,267		1,417,998
Federal National Mortgage Association, Series
2002-56, Class ZQ
6.00% due 08/01/2032		14,320,443		14,368,494
Federal National Mortgage Association, Series
2003-116, Class FA
2.8719% due 11/25/2033 (b)		371,189		365,532
Federal National Mortgage Association, Series
2003-21, Class M
5.00% due 02/25/2017 (b)		719,468		728,936
Federal National Mortgage Association, Series
2003-W1, Class 1A1
6.50% due 01/01/2033		527,334		485,471

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

386

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Federal National Mortgage Association, Series
2004-11, Class A
2.5919% due 03/25/2034 (b)	$	46,403	$	44,780
Federal National Mortgage Association, Series
2004-T1, Class 1A1
6.00% due 01/25/2044		300,284		305,860
Federal National Mortgage Association, Series
2004-W2, Class 1A3F
2.8219% due 02/25/2044 (b)		217,613		215,665
Federal National Mortgage Association, Series
2005-14, Class KZ
5.00% due 03/25/2035		119,083		89,546
Federal National Mortgage Association, Series
2005-9, Class ZA
5.00% due 02/25/2035		597,887		514,191
Federal National Mortgage Association, Series
2006-5, Class 3A2
4.6669% due 02/25/2036 (b)		634,612		642,130
First Nationwide Trust, Series 2001-3, Class 1A1
6.75% due 08/25/2031		14,952		14,919
GMAC Mortgage Corp Loan Trust, Series
2005-AR6, Class 3A1
5.2968% due 11/19/2035 (b)		927,553		802,603
Greenpoint Mortgage Funding Trust, Series
2006-AR6, Class A1A
2.5519% due 10/25/2046 (b)		2,877,414		2,472,357
Greenpoint Mortgage Funding Trust, Series
2006-AR8, Class 1A1A
2.5519% due 01/25/2047 (b)		3,146,501		2,988,624
Greenwich Capital Commercial Funding Corp.,
Series 2007-GG11, Class A4
5.736% due 12/10/2049		19,150,000		16,253,411
Greenwich Capital Commercial Funding Corp.,
Series 2007-GG9, Class A4
5.444% due 03/10/2039		600,000		507,067
GS Mortgage Securities Corp II, Series 2007-EOP,
Class A1
2.5769% due 03/06/2020 (b)(g)		4,196,490		3,766,739
GS Mortgage Securities Corp II, Series
2007-GG10, Class A4
5.9932% due 08/10/2045 (b)		2,900,000		2,475,867
GS Mortgage Securities Corp., Series 2003-1,
Class A2
3.1719% due 01/25/2032 (b)		31,700		26,940
Harborview Mortgage Loan Trust, Series 2005-2,
Class 2A1A
3.25% due 05/19/2035 (b)		686,300		442,460
Indymac Arm Trust, Series 2001-H2, Class A2
5.8632% due 01/25/2032 (b)		11,206		9,140
Indymac Index Mortgage Loan Trust, Series
2006-AR14, Class 1A1A
2.5619% due 11/25/2046 (b)		1,726,189		1,621,660
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2007-LD12, Class A4
5.882% due 02/15/2051 (b)		1,200,000		1,022,836
JPMorgan Chase Commercial Mortgage Securities
Corp., Series 2007-LDPX, Class A3
5.42% due 01/15/2049		500,000		415,461
JPMorgan Mortgage Trust, Series 2005-A1, Class
6T1
5.0228% due 02/25/2035 (b)		2,147,545		1,868,929

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
LB-UBS Commercial Mortgage Trust, Series
2005-C7, Class A1
4.99% due 11/15/2030	$	1,803,974	$	1,784,461
Lehman XS Trust, Series 2006-16N, Class A1A
2.5519% due 11/25/2046 ^ (b)		2,196,800		2,098,885
Mellon Residential Funding Corp., Series
2000-TBC2, Class A1
2.9375% due 06/15/2030 (b)		2,847,926		2,682,864
Merrill Lynch Mortgage Investors, Inc., Series
2005-2, Class 3A
3.4719% due 10/25/2035 (b)		638,459		580,120
Merrill Lynch Mortgage Investors, Inc., Series
2005-3, Class 5A
2.7219% due 11/25/2035 (b)		1,053,845		916,320
Merrill Lynch Mortgage Investors, Inc., Series
2005-A10, Class A
2.6819% due 02/25/2036 (b)		1,321,006		1,071,533
Merrill Lynch/Countrywide Commercial Mortgage
Trust, Series 2007-6, Class A4
5.485% due 03/12/2051 (b)		1,300,000		1,090,375
Morgan Stanley Capital I, Series 2007-XLFA, Class
A1
2.527% due 10/15/2020 (b)(g)		1,040,793		934,014
Nomura Asset Acceptance Corp., Series 2004-R1,
Class A2
7.50% due 03/25/2034 (g)		288,361		273,105
Prime Mortgage Trust, Series 2004-CL1, Class 1A2
2.8719% due 02/25/2034 (b)		674,182		615,574
Prime Mortgage Trust, Series 2004-CL1, Class 2A2
2.8719% due 02/25/2034 (b)		121,284		115,041
Residential Funding Mortgage Securities I, Series
2004-S2, Class A1
5.25% due 03/25/2034		207,052		199,677
Residential Funding Mortgage Securities I, Series
2004-S9, Class 1A23
5.50% due 12/25/2034		300,000		224,723
Sovereign Commercial Mortgage Securities Trust,
Series 2007-C1, Class A2
5.8352% due 07/22/2030 (b)		700,000		647,170
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-8, Class 3A
4.8831% due 07/25/2034 (b)		246,876		224,512
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR2, Class 2A1
2.7019% due 06/19/2035 (b)		62,236		41,566
Structured Asset Mortgage Investments, Inc.,
Series 2005-AR5, Class A3
3.28% due 07/19/2035 (b)		2,756,382		2,282,938
Structured Asset Securities Corp., Series
2001-21A, Class 1A1
5.3309% due 01/25/2032 (b)		30,019		29,999
Structured Asset Securities Corp., Series 2002-1A,
Class 4A
6.0494% due 02/25/2032 (b)		34,668		31,352
Thornburg Mortgage Securities Trust, Series
2006-5, Class A1
2.5919% due 08/25/2036 (b)		6,321,519		5,921,901
Thornburg Mortgage Securities Trust, Series
2006-6, Class A1
2.5819% due 11/25/2011 (b)		2,501,424		2,398,427

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

387

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
Wachovia Bank Commercial Mortgage Trust,
Series 2007-C31, Class A4
5.509% due 04/15/2047	$	1,700,000	$	1,414,255
WaMu Mortgage Pass-Through Certificates, Series
2002-AR17, Class 1A
4.279% due 11/25/2042 (b)		385,295		343,138
WaMu Mortgage Pass-Through Certificates, Series
2002-AR2, Class A
4.079% due 02/27/2034 (b)		136,161		128,531
WaMu Mortgage Pass-Through Certificates, Series
2005-AR13, Class A1A1
2.7619% due 10/25/2045 (b)		693,124		437,842
WaMu Mortgage Pass-Through Certificates, Series
2005-AR2, Class 2A1A
2.7819% due 01/25/2045 (b)		44,521		29,646
WaMu Mortgage Pass-Through Certificates, Series
2005-AR6, Class 2A1A
2.7019% due 04/25/2045 (b)		73,515		48,069
Washington Mutual Mortgage Securities Corp.,
Series 2002-AR9, Class 1A
2.7417% due 08/25/2042 (b)		1,224,650		1,094,110
Washington Mutual Mortgage Securities Corp.,
Series 2003-AR1, Class 2A
6.0416% due 02/25/2033 (b)		364,397		356,381
Washington Mutual, Inc., Series 2002-AR6, Class A
4.479% due 06/25/2042 (b)		15,202		13,811
Wells Fargo Mortgage Backed Securities Trust,
Series 2004-CC, Class A1
4.9465% due 01/25/2035 (b)		4,589,548		4,156,216
Wells Fargo Mortgage Backed Securities Trust,
Series 2006-AR2, Class 2A1
4.95% due 03/25/2036 (b)		3,882,878		3,430,075
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $295,132,637)			$	274,481,321
ASSET BACKED SECURITIES - 5.12%
Argent Securities, Inc., Series 2006-M2, Class A2A
2.5219% due 09/25/2036 (b)		442,311		437,554
Bear Stearns Asset Backed Securities Trust,
Series 2007-HE5, Class 1A1
2.5619% due 06/25/2047 (b)		1,684,042		1,601,698
Brazos Student Finance Corp.,
Series 1998-A, Class A2
2.70% due 06/01/2023 (b)		218,369		215,208
Chase Issuance Trust, Series 2008-A7, Class A7
3.1169% due 11/15/2011 (b)		23,300,000		23,107,812
Countrywide Asset-Backed Certificates, Series
2006-15, Class A1
2.5819% due 10/25/2046 (b)		1,407,619		1,364,410
Countrywide Asset-Backed Certificates, Series
2006-16, Class 2A1
2.5219% due 12/25/2046 (b)		426,211		420,899
Countrywide Asset-Backed Certificates, Series
2006-17, Class 2A1
2.5219% due 03/25/2047 (b)		971,070		949,841
Countrywide Asset-Backed Certificates,
Series 2006-25, Class 2A1
2.5419% due 06/25/2037 (b)		1,916,047		1,844,472

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Daimler Chrysler Auto Trust, Series 2008-B, Class
A2B
3.4169% due 07/08/2011 (b)	$	5,400,000	$	5,369,996
Daimler Chrysler Auto Trust, Series 2008-B, Class
A3B
3.9669% due 09/10/2012 (b)		2,100,000		2,061,665
EMC Mortgage Loan Trust, Series 2001-A Class A
2.8419% due 05/25/2040 (b)(g)		1,600,132		1,329,663
Fremont Home Loan Trust, Series 2006-3, Class
2A1
2.5419% due 02/25/2037 (b)		681,089		667,473
GSR Mortgage Loan Trust, Series 2005-AR7,
Class 6A1
5.2481% due 11/25/2035 (b)		4,173,646		3,587,136
HFC Home Equity Loan Asset Backed Certificates,
Series 2007-2, Class A1V
3.2775% due 07/20/2036 (b)		2,595,987		2,537,553
HSI Asset Securitization Corp. Trust, Series
2006-HE2, Class 2A1
2.5219% due 12/25/2036 (b)		1,186,708		1,101,831
JPMorgan Mortgage Acquisition Corp., Series
2006-CH1, Class A2
2.5219% due 07/25/2036 (b)		2,612,602		2,541,865
JPMorgan Mortgage Acquisition Corp., Series
2006-WMC3, Class A2
2.5219% due 08/25/2036 (b)		608,141		597,179
Lehman Brothers Floating Rate Commercial
Mortgage Trust, Series 2006-LLFA, Class A1
2.5469% due 09/15/2021 ^ (b)(g)		457,936		414,694
Long Beach Mortgage Loan Trust, Series 2004-4,
Class 1A1
2.7519% due 10/25/2034 (b)		86,584		66,471
Master Asset Backed Securities Trust, Series
2007-HE1, Class A1
2.5519% due 05/25/2037 (b)		2,182,037		2,037,493
Merrill Lynch Mortgage Investors, Inc., Series
2006-FF1, Class A2A
2.5419% due 08/25/2036 (b)		3,301,916		3,211,294
Morgan Stanley ABS Capital I, Series 2007-NC3,
Class A2A
2.5319% due 05/25/2037 (b)		4,083,908		3,704,231
Park Place Securities, Inc., Series 2004-MCW1,
Class A1
2.7839% due 08/25/2034 (b)		3,467,378		2,922,797
Residential Asset Mortgage Products, Inc., Series
2006-RZ4, Class A1A
2.5519% due 10/25/2036 (b)		1,776,321		1,655,670
Residential Asset Securities Corp., Series
2006-KS9, Class AI1
2.5419% due 11/25/2036 (b)		1,421,730		1,395,889
Residential Funding Mortgage Securities II, Inc.,
Series 2007-HSA3, Class AI1
2.5919% due 05/25/2037 (b)		3,102,133		2,820,075
Saxon Asset Securities Trust, Series 2006-3, Class
A1
2.5319% due 10/25/2046 (b)		713,639		698,111
SBI Heloc Trust, Series 2006-1A, Class 1A2A
2.6419% due 08/25/2036 (b)(g)		1,170,323		1,142,378
SLM Student Loan Trust, Series 2008-9, Class A
4.1728% due 04/25/2023 (b)		21,200,000		21,279,500

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

388

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Soundview Home Equity Loan Trust, Series
2006-WF1, Class A1A
2.5719% due 10/25/2036 (b)	$	960,255	$	953,158
Soundview Home Equity Loan Trust, Series
2007-OPT1, Class 2A1
2.5519% due 06/25/2037 (b)		3,815,940		3,668,095
Structured Asset Securities Corp., Series 2006-11,
Class A1
5.0915% due 10/25/2035 (b)(g)		2,357,207		1,996,654
Structured Asset Securities Corp., Series
2006-BC3, Class A2
2.5219% due 10/25/2036 (b)		2,155,072		2,045,220
Wachovia Bank Commercial Mortgage Trust,
Series 2006-WL7A, Class A1
2.5569% due 08/11/2018 (b)(g)		9,606,267		8,770,350
Wachovia Bank Commercial Mortgage Trust,
Series 2007-WHL8, Class A1
2.5469% due 06/15/2020 (b)(g)		4,605,207		4,068,488
TOTAL ASSET BACKED SECURITIES
(Cost $117,469,644)			$	112,586,823
PREFERRED STOCKS - 2.80%
Financial - 2.80%
Bank of America Corp., 8.00%		15,800,000		12,511,499
DG Funding Trust, 6.01188% (b)(g)		981		9,981,675
UBS Preferred Funding Trust V, Series 1,
6.243% (b)		5,400,000		4,160,916
Wachovia Corp., 7.98%		83,400,000		34,856,196
				61,510,286
TOTAL PREFERRED STOCKS (Cost $115,413,392)			$	61,510,286
TERM LOANS - 0.53%
Consumer, Non-cyclical - 0.12%
HCA, Inc.
7.36% due 11/16/2012 (b)		2,823,121		2,513,396
Financial - 0.34%
Chrysler Financial
9.00% due 08/03/2012 (b)		10,890,000		7,467,164
Technology - 0.07%
Freescale
6.975% due 12/01/2013 (b)		1,962,500		1,624,185
TOTAL TERM LOANS (Cost $15,280,327)			$	11,604,745
OPTIONS - 0.36%
Other - 0.36%
Over The Counter European Style Call on
USD-LIBOR Rate Swaption
Expiration 12/15/2008 at $3.15 *		400,300,000		1,579,864
Expiration 12/15/2008 at $3.15 *		51,300,000		202,466
Expiration 02/02/2009 at $3.15 *		162,300,000		822,942
Expiration 08/03/2009 at $3.45 *		38,200,000		281,992
Expiration 08/03/2009 at $3.45 *		232,500,000		1,716,315
Expiration 08/03/2009 at $3.45 *		34,900,000		257,632
Expiration 02/02/2009 at $3.50 *		192,300,000		1,541,438
Expiration 07/02/2009 at $3.60 *		29,900,000		259,963

Total Return Trust (continued)
		Shares or
		Principal
		Amount		Value
OPTIONS (continued)
Other (continued)
Over The Counter European Style Call on
USD-LIBOR Rate Swaption (continued)
Expiration 08/03/2009 at $3.85 *		126,800,000	$	1,369,934
				8,032,546
TOTAL OPTIONS (Cost $12,873,902)			$	8,032,546
REPURCHASE AGREEMENTS - 4.07%
Deutsche Bank Tri-Party Repurchase
Agreement dated 09/30/2008 at
0.50% to be repurchased at
$18,900,262 on 10/01/2008,
collateralized by $11,728,000 U.S.
Treasury Bonds, 3.875% due
04/15/2029 (valued at
$19,470,809, including interest)	$	18,900,000	$	18,900,000
Merrill Lynch Tri-Party Repurchase
Agreement dated 09/30/2008 at 0.05% to
be repurchased at $38,500,053 on
10/01/2008, collateralized by $40,277,000
U.S. Treasury Notes, 4.50% due
05/15/2010 (valued at $39,322,274,
including interest)		38,500,000		38,500,000
Merrill Lynch Tri-Party Repurchase
Agreement dated 09/30/2008 at 0.50% to
be repurchased at $32,091,071 on
10/01/2008, collateralized by $31,500,000
U.S. Treasury Notes, 3.25% due
12/31/2009 (valued at $32,442,218,
including interest)		32,090,625		32,090,625
TOTAL REPURCHASE AGREEMENTS
(Cost $89,490,625)			$	89,490,625
SHORT TERM INVESTMENTS - 5.20%
Bank of America Corp.
zero coupon due 10/01/2008	$	51,400,000	$	51,400,000
Citibank Omni
3.57% due 10/23/2008		43,500,000		43,404,900
Nordea Bank Finland PLC, Series YCD
2.4744% due 04/09/2009 (b)		8,200,000		8,197,876
U.S. Treasury Bills
zero coupon due 10/16/2008 to
12/26/2008		11,440,000		11,416,087
TOTAL SHORT TERM INVESTMENTS
(Cost $114,418,863)			$	114,418,863
Total Investments (Total Return Trust)
(Cost $3,160,314,692) - 136.13%			$	2,994,562,097
Liabilities in Excess of Other Assets - (36.13)%				(794,706,871)
TOTAL NET ASSETS - 100.00%			$	2,199,855,226
Schedule of Securities Sold Short
		Shares or
		Principal
		Amount		Value
U.S. TREASURY NOTES - 100.00%
U.S. Treasury Notes
3.125%, due 11/30/2009	$	13,600,000	$	13,795,500

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

389

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

		Shares or
		Principal
		Amount		Value
U.S. TREASURY NOTES (continued)
U.S. Treasury Notes (continued)
3.25%, due 12/31/2009	$	31,500,000	$	32,021,703
2.125%, due 01/31/2010		22,200,000	$	22,260,695
3.50%, due 02/15/2010		7,400,000	$	7,565,346
2.00%, due 02/28/2010		15,000,000	$	15,011,715
2.125%, due 04/30/2010		14,000,000	$	14,066,724
2.375%, due 08/31/2010		34,500,000	$	34,764,132
4.25%, due 08/15/2013		6,600,000	$	7,005,794
TOTAL U.S. TREASURY
NOTES (Proceeds $146,396,937)			$	146,491,609
Total Securities Sold Short (Total Return Trust)
(Proceeds $146,396,937)			$	146,491,609
Total Stock Market Index Trust
		Shares or
		Principal
		Amount		Value
COMMON STOCKS - 96.51%
Basic Materials - 3.81%
A. Schulman, Inc.		885	$	17,505
AbitibiBowater, Inc. *		1,576		6,099
Aceto Corp.		1,602		15,363
Air Products & Chemicals, Inc.		5,585		382,517
Airgas, Inc.		2,087		103,620
AK Steel Holding Corp.		2,908		75,375
Albemarle Corp.		2,435		75,095
Alcoa, Inc.		21,971		496,105
Allegheny Technologies, Inc.		2,652		78,367
Allied Nevada Gold Corp. *		1,718		9,827
AMCOL International Corp.		837		26,165
American Vanguard Corp.		779		11,747
Arch Chemicals, Inc.		683		24,110
Ashland, Inc.		1,573		45,995
Balchem Corp.		615		16,402
Biogen Idec, Inc. *		7,619		383,160
Brush Engineered Materials, Inc. *		603		11,198
Buckeye Technologies, Inc. *		1,193		9,771
Cabot Corp.		1,762		55,996
Carpenter Technology Corp.		1,264		32,422
Celanese Corp., Series A		3,876		108,179
Century Aluminum Company *		1,087		30,099
CF Industries Holdings, Inc.		1,430		130,788
Chemtura Corp.		6,438		29,357
Cliffs Natural Resources, Inc.		2,128		112,656
Coeur d'Alene Mines Corp. *		14,290		21,864
Compass Minerals International, Inc.		889		46,575
Cytec Industries, Inc.		1,189		46,264
Deltic Timber Corp.		385		24,501
Domtar Corp. *		12,027		55,324
Dow Chemical Company		24,463		777,434
E.I. Du Pont de Nemours & Company		23,287		938,466
Eastman Chemical Company		2,051		112,928
Ecolab, Inc.		6,310		306,161
Eli Lilly & Company		29,369		1,293,117
Ferro Corp.		1,253		25,185
FMC Corp.		1,963		100,879

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
Freeport-McMoRan Copper & Gold, Inc.,
Class B	9,885	$	561,962
General Moly, Inc. *	1,615		7,025
Georgia Gulf Corp.	1,489		3,723
Gibraltar Industries, Inc.	962		17,999
H.B. Fuller Company	1,616		33,726
Hecla Mining Company *	3,243		15,177
Hercules, Inc.	2,978		58,935
Horsehead Holding Corp. *	985		5,812
Huntsman Corp.	5,688		71,669
ICO, Inc. *	884		4,959
Innophos Holdings, Inc.	922		22,478
International Flavors & Fragrances, Inc.	2,047		80,775
International Paper Company	11,002		288,032
Kaiser Aluminum Corp.	553		23,751
Kronos Worldwide, Inc.	1,461		19,358
Landec Corp. *	1,071		8,771
Louisiana-Pacific Corp.	2,821		26,235
Lubrizol Corp.	1,749		75,452
MeadWestvaco Corp.	4,691		109,347
Metabolix, Inc. *	695		7,562
Minerals Technologies, Inc.	559		33,182
Monsanto Company	14,051		1,390,768
Neenah Paper, Inc.	497		9,841
Newmarket Corp.	451		23,705
Newmont Mining Corp.	11,203		434,228
Nl Industries, Inc.	1,541		15,826
Nucor Corp.	7,434		293,643
Olin Corp.	1,936		37,558
Olympic Steel, Inc.	345		10,174
OM Group, Inc. *	803		18,068
Omnova Solutions, Inc. *	2,120		4,219
P.H. Glatfelter Company	1,342		18,171
Plum Creek Timber Company, Inc.	4,340		216,392
PolyOne Corp. *	2,670		17,222
Potlatch Corp.	988		45,833
PPG Industries, Inc.	4,212		245,644
Praxair, Inc.	8,172		586,259
Rayonier, Inc.	1,949		92,285
Reliance Steel & Aluminum Company	1,922		72,978
Rock-Tenn Company, Class A	1,140		45,577
Rockwood Holdings, Inc. *	1,938		49,729
Rohm & Haas Company	5,012		350,840
Royal Gold, Inc.	845		30,386
RPM International, Inc.	3,141		60,747
RTI International Metals, Inc. *	603		11,795
Schnitzer Steel Industries, Inc.	755		29,626
Schweitzer Mauduit International, Inc.	535		10,160
Sensient Technologies Corp.	1,283		36,091
Sherwin-Williams Company	3,207		183,312
Sigma-Aldrich Corp.	3,381		177,232
Smurfit-Stone Container Corp. *	6,716		31,565
Southern Copper Corp.	22,929		437,485
Spartech Corp.	928		9,187
Steel Dynamics, Inc.	4,996		85,382
Stepan Company	391		21,337

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

390

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
Stillwater Mining Company *	2,755	$	16,007
Symyx Technologies, Inc. *	1,200		11,892
Temple-Inland, Inc.	2,652		40,470
Terra Industries, Inc.	2,327		68,414
Terra Nitrogen Company, LP	485		53,277
The Mosaic Company	11,359		772,639
Titanium Metals Corp.	4,168		47,265
Tronox, Inc., Class A	1,586		238
U.S. Gold Corp. *	2,097		2,768
United States Lime & Minerals, Inc. *	355		13,671
United States Steel Corp.	3,070		238,263
Uranium Resources, Inc. *	1,709		2,888
USEC, Inc. * (a)	2,992		16,187
Valhi, Inc.	3,030		54,540
Valspar Corp.	2,614		58,266
W. R. Grace & Company *	1,852		28,002
Wausau-Mosinee Paper Corp.	1,831		18,548
Westlake Chemical Corp.	1,763		37,076
Weyerhaeuser Company	5,547		336,037
Xerium Technologies, Inc.	2,060		13,266
Zep, Inc.	754		13,301
Zoltek Companies, Inc. *	908		15,536
			14,474,362
Communications - 9.60%
1-800-Flowers.com, Inc. *	2,074		12,485
3Com Corp. *	10,619		24,742
4Kids Entertainment, Inc. *	679		4,794
Acacia Research - Acacia Technologies *	1,102		3,328
Acme Packet, Inc. *	1,854		10,623
ActivIdentity Corp. *	3,241		7,357
Adaptec, Inc. *	4,329		14,199
ADC Telecommunications, Inc. *	3,108		26,263
ADTRAN, Inc.	1,778		34,653
AH Belo Corp.	546		2,817
Airvana, Inc. *	2,045		12,045
Akamai Technologies, Inc. *	4,328		75,480
Alaska Communications Systems Group, Inc.	1,489		18,210
Amazon.com, Inc. *	10,699		778,459
American Tower Corp., Class A *	10,477		376,858
Anaren, Inc. *	800		8,120
Anixter International, Inc. *	934		55,582
Applied Signal Technology, Inc.	878		15,260
Ariba, Inc. *	2,181		30,818
Arris Group, Inc. *	3,523		27,233
Art Technology Group, Inc. *	3,679		12,950
Aruba Networks, Inc. *	2,213		11,353
AT&T, Inc.	158,289		4,419,429
Atheros Communications, Inc. *	1,555		36,667
Atlantic Tele-Network, Inc.	487		13,636
Avocent Corp. *	1,518		31,058
Belo Corp., Class A	2,730		16,271
BigBand Networks, Inc. *	1,689		6,232
Black Box Corp.	555		19,164
Blue Coat Systems, Inc. *	920		13,055
Blue Nile, Inc. * (a)	432		18,520
Cablevision Systems Corp., Class A	7,537		189,631

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Cbeyond Communications, Inc. *	852	$	12,260
CBS Corp., Class B	17,728		258,474
Centennial Communications Corp., Class A *	3,354		20,929
CenturyTel, Inc.	2,769		101,484
Ciena Corp. *	2,234		22,519
Cincinnati Bell, Inc. *	6,800		21,012
Cisco Systems, Inc. *	158,031		3,565,179
CKX, Inc. *	2,889		17,796
Clear Channel Outdoor Holdings, Inc. *	9,338		127,744
Clearwire Corp., Class A * (a)	4,317		51,286
Cogent Communications Group, Inc. *	1,333		10,291
Comcast Corp., Class A	79,837		1,567,200
CommScope, Inc. *	1,713		59,338
comScore, Inc. *	764		13,469
Comtech Telecommunications Corp. *	683		33,631
Consolidated Communications Holdings, Inc.	927		13,979
Constant Contact, Inc. * (a)	778		13,280
Corning, Inc.	40,639		635,594
Cox Radio, Inc., Class A *	2,826		29,843
Crown Castle International Corp. *	7,316		211,945
Crown Media Holdings, Inc., Class A * (a)	3,574		17,977
Cumulus Media, Inc., Class A *	1,922		8,188
Cybersource Corp. *	1,857		29,916
DealerTrack Holdings, Inc. *	1,162		19,568
DG Fastchannel, Inc. *	538		11,793
Dice Holdings, Inc. *	1,810		12,851
Digital River, Inc. *	1,059		34,312
DIRECTV Group, Inc. *	30,098		787,665
Discovery Communications, Inc., Series A *	3,650		52,012
Discovery Communications, Inc., Series C *	3,650		51,684
DISH Network Corp. *	11,511		241,731
Dolan Media Company *	727		7,335
Drugstore.com, Inc. *	3,397		7,983
Earthlink, Inc. *	3,419		29,061
eBay, Inc. *	35,429		792,901
EchoStar Corp. *	2,387		57,527
Embarq Corp.	3,807		154,374
EMS Technologies, Inc. *	512		11,423
Entercom Communications Corp.	1,358		6,817
Entravision Communications Corp., Class A *	3,274		8,807
Equinix, Inc. *	955		66,334
eResearch Technology, Inc. *	1,457		17,353
EW Scripps Co.	1,383		9,778
Expedia, Inc. *	7,426		112,207
Extreme Networks, Inc. *	3,700		12,469
F5 Networks, Inc. *	2,214		51,763
Fairpoint Communications, Inc.	2,737		23,730
Fisher Communications, Inc. *	375		14,775
Foundry Networks, Inc. *	3,868		70,436
Frontier Communications Corp.	8,227		94,610
Gannett Company, Inc.	6,007		101,578
GateHouse Media, Inc.	1,768		866
General Communication, Inc., Class A *	1,771		16,399
GeoEye, Inc. *	510		11,286
Global Crossing, Ltd. *	1,464		22,194
Globalstar, Inc. *	2,271		3,861

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

391

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Globecomm Systems, Inc. *	860	$	7,516
Google, Inc., Class A *	8,072		3,232,997
Gray Television, Inc.	1,676		2,883
Greenfield Online, Inc. *	948		16,495
GSI Commerce, Inc. *	1,379		21,347
Harmonic, Inc. *	2,361		19,950
Harris Corp.	3,526		162,901
Harris Stratex Networks, Inc., Class A *	1,726		13,480
Harte-Hanks, Inc.	1,975		20,481
Health Grades, Inc. *	1,380		3,919
Hearst Argyle Television, Inc.	2,521		56,294
HLTH Corp. *	4,589		52,452
HSW International, Inc. *	1,677		4,360
Hughes Communications, Inc. *	574		21,066
Hungarian Telephone & Cable Corp. *	721		14,348
i2 Technologies, Inc. *	728		9,821
IAC/InterActiveCorp *	3,692		63,872
iBasis, Inc. *	2,355		8,219
ICO Global Communications Holdings, Ltd. *	6,141		6,694
Idearc, Inc.	3,639		4,549
IDT Corp. *	3,061		2,265
I-many, Inc. *	2,791		1,870
Infinera Corp. *	2,456		23,479
InfoSpace, Inc. *	956		10,373
InterDigital, Inc. *	1,292		31,073
Internap Network Services Corp. *	1,494		5,199
Internet Brands, Inc. *	1,320		9,200
Internet Capital Group, Inc. *	1,411		11,443
Interpublic Group of Companies, Inc. *	12,175		94,356
Interwoven, Inc. *	1,394		19,683
inVentiv Health, Inc. *	861		15,205
Iowa Telecommunications Services, Inc.	1,080		20,174
iPass, Inc. *	2,897		6,258
iPCS, Inc. *	514		11,447
Ixia *	2,255		16,619
J2 Global Communications, Inc. *	1,416		33,064
JDS Uniphase Corp. *	5,663		47,909
John Wiley & Sons, Inc., Class A	1,504		60,837
Journal Communications, Inc.	1,979		9,658
Juniper Networks, Inc. *	13,561		285,730
Keynote Systems, Inc. *	1,128		14,946
Knology, Inc. *	1,190		9,603
Lamar Advertising Company, Class A *	2,455		75,835
Leap Wireless International, Inc. *	1,760		67,056
Lee Enterprises, Inc. (a)	1,377		4,820
Level 3 Communications, Inc. *	39,954		107,876
Liberty Global, Inc., Class A *	9,617		291,395
Liberty Media Corp. - Capital, Series A *	3,340		44,689
Liberty Media Corp. - Entertainment, Series A *	13,360		333,599
Liberty Media Holding Corp.-Interactive A *	15,802		204,004
Lin TV Corp. *	1,654		8,535
Lionbridge Technologies, Inc. *	2,383		5,815
Liquidity Services, Inc. *	909		9,863
LodgeNet Entertainment Corp. *	832		1,689
LoopNet, Inc. *	1,184		11,639
Loral Space & Communications, Inc. *	588		8,685

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Marchex, Inc., Class B	1,328	$	13,665
Martha Stewart Living
Omnimedia, Inc., Class A * (a)	1,656		14,093
Mastec, Inc. *	2,058		27,351
McAfee, Inc. *	4,047		137,436
McClatchy Company, Class A (a)	2,297		10,107
McGraw-Hill Companies, Inc.	8,506		268,875
Media General, Inc., Class A	741		9,211
Mediacom Communications Corp., Class A *	3,494		20,684
Meredith Corp.	1,165		32,667
Metropcs Communications, Inc. *	9,019		126,176
ModusLink Global Solutions, Inc. *	1,434		13,781
Monster Worldwide, Inc. *	3,433		51,186
Motorola, Inc.	60,070		428,900
Move, Inc. *	4,831		10,242
Netflix, Inc. * (a)	1,742		53,793
Network Equipment Technologies, Inc. *	980		3,352
NeuStar, Inc., Class A *	1,978		39,342
Neutral Tandem, Inc. *	882		16,352
Newport Corp. *	1,337		14,413
News Corp., Class A	81,810		980,902
Nexstar Broadcasting Group, Inc. *	1,128		2,504
Nextwave Wireless, Inc. *	2,605		1,563
NIC, Inc. *	1,908		13,165
NII Holdings, Inc. *	4,476		169,730
Novatel Wireless, Inc. *	968		5,866
NTELOS Holdings Corp.	1,187		31,918
Omnicom Group, Inc.	8,412		324,367
Online Resources Corp. *	853		6,628
Openwave Systems, Inc. *	3,049		3,781
Oplink Communications, Inc. *	828		9,994
OpNext, Inc. *	1,883		8,643
Orbcomm, Inc. *	1,291		6,365
Orbitz Worldwide, Inc. *	2,352		13,806
Outdoor Channel Holdings, Inc. *	1,299		11,431
Overstock.com, Inc. *	740		14,659
PAETEC Holding Corp. *	2,783		5,983
Parkervision, Inc. * (a)	951		9,510
Perficient, Inc. *	869		5,770
Plantronics, Inc.	1,293		29,118
Playboy Enterprises, Inc., Class B *	1,549		6,103
Polycom, Inc. *	2,402		55,558
Powerwave Technologies, Inc. *	4,178		16,545
Preformed Line Products Company	242		14,118
Premiere Global Services, Inc. *	1,645		23,129
Priceline.com, Inc. *	986		67,472
PRIMEDIA, Inc.	1,411		3,429
QUALCOMM, Inc.	42,481		1,825,409
Qwest Communications International, Inc. (a)	46,892		151,461
R.H. Donnelley Corp. *	1,841		3,664
RCN Corp. *	1,208		14,810
RealNetworks, Inc. *	4,113		20,894
RF Micro Devices, Inc. *	7,676		22,414
RightNow Technologies, Inc. *	1,116		14,028
S1 Corp. *	2,263		13,850
Sapient Corp. *	3,500		26,005

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

392

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
SAVVIS, Inc. *	1,402	$	18,843
SBA Communications Corp. *	2,776		71,815
Scholastic Corp.	1,036		26,604
Scripps Networks Interactive, Inc., Class A	4,151		150,723
Secure Computing Corp. *	1,904		10,434
Shenandoah Telecommunications Company	757		16,707
ShoreTel, Inc. *	1,372		7,875
Shutterfly, Inc. *	695		6,679
Sinclair Broadcast Group, Inc., Class A	2,506		12,630
Sirius XM Radio, Inc. * (a)	75,279		42,909
SonicWALL, Inc. *	1,794		9,401
Sonus Networks, Inc. *	7,319		21,079
Sprint Nextel Corp.	73,843		450,442
Stamps.com, Inc. *	936		10,923
Starent Networks Corp. *	1,901		24,599
SupportSoft, Inc. *	2,246		6,738
SureWest Communications	684		6,977
Switch & Data Facilities Company, Inc. *	1,127		14,031
Sycamore Networks, Inc. *	8,177		26,412
Symantec Corp. *	22,473		440,021
Symmetricom, Inc. *	2,032		10,099
Syniverse Holdings, Inc. *	1,822		30,263
TechTarget, Inc. *	1,144		8,008
Tekelec, Inc. *	1,932		27,029
Telephone & Data Systems, Inc.	3,047		108,930
Tellabs, Inc. *	11,519		46,767
Terremark Worldwide, Inc. *	1,975		13,568
TerreStar Corp. *	2,683		2,683
The Knot, Inc. *	973		8,125
The New York Times Company, Class A	3,783		54,059
The Washington Post Company, Class B	244		135,849
TheStreet.com, Inc.	897		5,373
Thinkorswim Group, Inc. *	1,768		14,727
TIBCO Software, Inc. *	5,115		37,442
Time Warner Cable, Inc. *	25,397		614,607
Time Warner, Inc.	97,324		1,275,918
Travelzoo, Inc. *	503		3,984
TW Telecom, Inc. *	3,829		39,783
U.S. Cellular Corp. *	2,249		105,523
United Online, Inc.	2,014		18,952
USA Mobility, Inc. *	920		10,120
UTStarcom, Inc. * (a)	3,921		13,214
Value Line, Inc.	391		13,095
ValueClick, Inc. *	2,627		26,874
ValueVision Media, Inc., Class A *	1,495		2,766
VASCO Data Security International, Inc. *	1,015		10,515
Veraz Networks, Inc. * (a)	1,634		1,748
VeriSign, Inc. *	5,758		150,169
Verizon Communications, Inc.	75,202		2,413,232
Viacom, Inc., Class B *	16,934		420,641
Viasat, Inc. *	875		20,633
Vignette Corp. *	880		9,451
Virgin Media, Inc.	8,601		67,948
Virgin Mobile USA, Inc. *	1,554		4,569
Vocus, Inc. *	503		17,082
Vonage Holdings Corp. * (a)	5,080		5,131

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Walt Disney Company	49,345	$	1,514,398
WebMD Health Corp. *	1,546		45,978
Websense, Inc. *	1,350		30,173
Website Pros, Inc. *	914		4,936
Windstream Corp.	11,944		130,667
World Wrestling Entertainment, Inc., Class A	2,318		35,836
Yahoo!, Inc. *	35,334		611,278
Zixit Corp. *	2,091		4,726
			36,476,573
Consumer, Cyclical - 8.93%
99 Cents Only Stores *	2,044		22,423
A.C. Moore Arts & Crafts, Inc. *	774		4,853
Abercrombie & Fitch Company, Class A	2,232		88,052
Accuride Corp. *	1,068		1,709
Advance Auto Parts, Inc.	2,576		102,164
Aeropostale, Inc. *	2,016		64,734
AFC Enterprises, Inc. *	998		7,245
Airtran Holdings, Inc. *	2,668		6,483
Alaska Air Group, Inc. *	1,067		21,756
Allegiant Travel Company *	620		21,898
Ambassadors Group, Inc.	666		10,596
American Apparel, Inc. *	1,546		12,677
American Axle & Manufacturing Holdings, Inc.	1,504		8,061
American Eagle Outfitters, Inc.	5,548		84,607
American Woodmark Corp. (a)	521		11,696
AmeriGas Partners LP	1,465		44,580
Amerigon, Inc. *	681		4,481
Ameristar Casinos, Inc.	1,515		21,498
AMR Corp. *	6,443		63,270
AMREP Corp. *	216		9,161
AnnTaylor Stores Corp. *	1,613		33,292
Archon Corp. *	239		7,409
ArvinMeritor, Inc.	2,082		27,149
Asbury Automotive Group, Inc.	933		10,748
Ascent Media Corp *	365		8,911
ATC Technology Corp. *	636		15,099
Audiovox Corp., Class A *	989		9,267
AutoNation, Inc. *	4,822		54,199
AutoZone, Inc. *	1,665		205,361
Bally Technologies, Inc. *	1,419		42,967
Barnes & Noble, Inc.	1,717		44,779
Beacon Roofing Supply, Inc. *	1,415		22,102
Beazer Homes USA, Inc. *	1,158		6,925
Bebe Stores, Inc.	2,703		26,408
Bed Bath & Beyond, Inc. *	6,839		214,813
Bell Microproducts, Inc. *	1,538		2,768
Best Buy Company, Inc.	10,797		404,887
Big Lots, Inc. *	2,660		74,028
BJ's Restaurants, Inc. *	961		11,474
BJ's Wholesale Club, Inc. *	1,664		64,663
Blockbuster, Inc., Class A * (a)	5,712		11,710
Bluegreen Corp. *	1,266		8,748
Bob Evans Farms, Inc.	1,000		27,290
Books-A-Million, Inc.	852		4,260
Borders Group, Inc.	1,847		12,116
BorgWarner, Inc.	2,984		97,786

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

393

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Boyd Gaming Corp.	2,235	$	20,920
Brightpoint, Inc. *	2,118		15,250
Brinker International, Inc.	2,734		48,911
Brookfield Homes Corp.	839		12,048
Brown Shoe, Inc.	1,244		20,377
Brunswick Corp.	2,344		29,980
Buffalo Wild Wings, Inc. *	546		21,971
Build A Bear Workshop, Inc. *	656		4,776
Burger King Holdings, Inc.	3,471		85,248
Cabela's, Inc. *	1,830		22,106
California Pizza Kitchen, Inc. *	877		11,287
Callaway Golf Company	1,823		25,650
CarMax, Inc. * (a)	5,607		78,498
Carnival Corp.	16,167		571,503
Carter's, Inc. *	1,553		30,641
Casey's General Stores, Inc.	1,309		39,493
Cash America International, Inc.	814		29,337
Casual Male Retail Group, Inc. *	1,459		5,734
Cato Corp., Class A	948		16,637
Cavco Industries, Inc. *	301		10,881
CBRL Group, Inc.	667		17,542
CEC Entertainment, Inc. *	847		28,120
Cedar Fair LP *	1,481		30,672
Centex Corp.	3,191		51,694
Central European Distribution Corp. *	1,086		49,315
Champion Enterprises, Inc. *	2,037		11,305
Charlotte Russe Holding, Inc. *	755		7,739
Charming Shoppes, Inc. *	3,551		17,364
Cherokee, Inc. (a)	351		7,715
Chico's FAS, Inc. *	4,606		25,195
Children's Place Retail Stores, Inc. *	836		27,881
Chindex International, Inc. *	382		4,149
Chipotle Mexican Grill, Inc., Class A * (a)	844		46,834
Choice Hotels International, Inc.	1,622		43,956
Christopher & Banks Corp.	1,178		9,035
Churchill Downs, Inc.	440		21,551
Cinemark Holdings, Inc. (a)	2,802		38,107
Cintas Corp.	4,066		116,735
Circuit City Stores, Inc.	4,941		3,755
CKE Restaurants, Inc.	1,688		17,893
Coach, Inc. *	9,586		240,033
Coldwater Creek, Inc. *	2,655		15,372
Collective Brands, Inc. *	1,833		33,562
Columbia Sportswear Company	958		40,198
Commercial Vehicle Group, Inc. *	751		5,340
Conn's, Inc. *	759		14,201
Continental Airlines, Inc., Class B *	2,499		41,683
Cooper Tire & Rubber Company	1,660		14,276
Copart, Inc. *	2,314		87,932
Core-Mark Holding Company, Inc. *	447		11,171
Costco Wholesale Corp.	11,345		736,631
Crocs, Inc. * (a)	2,122		7,597
CVS Caremark Corp.	38,391		1,292,241
D.R. Horton, Inc.	8,122		105,748
Darden Restaurants, Inc.	3,643		104,299
Deckers Outdoor Corp. *	340		35,387

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Delta Air Lines, Inc. *	6,961	$	51,859
Denny's Corp. *	3,272		8,442
Dick's Sporting Goods, Inc. *	2,890		56,586
Dillard's, Inc., Class A (a)	2,209		26,066
DineEquity, Inc.	463		7,806
Dollar Tree, Inc. *	2,409		87,591
Domino's Pizza, Inc. *	1,732		21,026
Dover Downs Gaming & Entertainment, Inc.	1,350		10,503
Dover Motorsports, Inc.	1,798		9,799
DreamWorks Animation SKG, Inc., Class A *	2,656		83,531
DSW, Inc., Class A *	1,272		17,426
DTS, Inc. *	567		15,780
Eddie Bauer Holdings, Inc. *	1,106		5,917
Einstein Noah Restaurant Group, Inc. *	518		5,221
Elixir Gaming Technologies, Inc. * (a)	2,799		924
Ethan Allen Interiors, Inc. (a)	778		21,800
Exide Technologies *	2,004		14,790
Family Dollar Stores, Inc.	3,639		86,244
Fastenal Company	3,883		191,781
Ferrellgas Partners LP *	1,746		31,952
FGX International Holdings, Ltd. *	751		8,314
Finish Line, Inc.	216		2,158
First Cash Financial Services, Inc. *	986		14,790
Fleetwood Enterprises, Inc. *	2,196		2,240
Foot Locker, Inc.	4,087		66,046
Force Protection, Inc. *	1,978		5,301
Ford Motor Company *	54,197		281,824
Fred's, Inc., Class A	1,307		18,586
Fuel Systems Solutions, Inc. *	651		22,427
Furniture Brands International, Inc.	1,465		15,412
G & K Services Inc., Class A	562		18,574
GameStop Corp., Class A *	4,110		140,603
Gaylord Entertainment Company * (a)	1,164		34,187
General Motors Corp.	14,658		138,518
Genesco, Inc. *	641		21,461
Genuine Parts Company	4,226		169,927
G-III Apparel Group, Ltd. *	680		12,723
Global Partners LP	563		5,337
Goodyear Tire & Rubber Company *	5,447		83,394
Great Wolf Resorts, Inc. *	1,524		5,578
Group 1 Automotive, Inc.	707		15,363
Guess?, Inc.	2,420		84,192
Gymboree Corp. *	819		29,075
Hanesbrands, Inc. *	2,429		52,831
Harley-Davidson, Inc.	6,230		232,379
Harman International Industries, Inc.	1,554		52,945
Hasbro, Inc.	3,801		131,971
Haverty Furniture Companies, Inc.	1,106		12,653
Hawaiian Holdings, Inc. *	1,755		16,286
Hayes Lemmerz International, Inc. *	3,347		9,137
Heelys, Inc. * (a)	835		3,741
Herman Miller, Inc.	1,574		38,516
hhgregg, Inc. *	983		9,584
Hibbett Sports, Inc. *	889		17,798
HNI Corp. (a)	1,177		29,825
Home Depot, Inc.	43,564		1,127,872

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

394

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Hooker Furniture Corp.	470	$	8,343
Hot Topic, Inc. *	1,447		9,565
Houston Wire & Cable Company (a)	698		11,985
Hovnanian Enterprises, Inc., Class A *	1,812		14,478
HSN, Inc. *	1,477		16,262
Iconix Brand Group, Inc. * (a)	1,516		19,829
Inergy Holdings LP	540		13,727
Inergy LP *	1,298		28,076
Ingram Micro, Inc., Class A *	4,464		71,736
Insight Enterprises, Inc. *	1,497		20,075
Interface, Inc., Class A	1,688		19,193
International Game Technology	8,171		140,378
International Speedway Corp., Class A	1,431		55,680
Interval Leisure Group, Inc. *	1,477		15,361
Isle of Capri Casinos, Inc. *	1,015		9,155
J. Crew Group, Inc. *	1,577		45,055
J.C. Penney Company, Inc.	5,702		190,105
Jack in the Box, Inc. *	1,611		33,992
Jakks Pacific, Inc. *	841		20,949
JetBlue Airways Corp. *	5,006		24,780
Jo-Ann Stores, Inc. *	725		15,211
Johnson Controls, Inc.	15,253		462,623
Jones Apparel Group, Inc.	2,259		41,814
Jos. A. Bank Clothiers, Inc. * (a)	543		18,245
KB Home	2,361		46,464
Kenneth Cole Productions, Inc., Class A	826		12,142
Kimball International, Inc., Class B	1,365		14,742
Knoll, Inc.	1,395		21,092
Kohl's Corp. *	8,193		377,533
K-Swiss, Inc., Class A	1,079		18,775
Lakes Gaming, Inc. *	1,229		8,087
Landry's Restaurants, Inc.	559		8,692
Las Vegas Sands Corp. * (a)	9,198		332,140
La-Z-Boy, Inc. (a)	1,769		16,487
Leapfrog Enterprises, Inc., Class A *	2,159		22,799
Lear Corp. *	2,014		21,147
Lennar Corp., Class A	4,175		63,418
Libbey, Inc.	618		5,259
Life Time Fitness, Inc. * (a)	999		31,239
Limited Brands, Inc.	9,306		161,180
Lithia Motors, Inc., Class A (a)	620		2,672
Liz Claiborne, Inc.	2,587		42,504
LKQ Corp. *	3,489		59,208
Lodgian, Inc. *	1,169		9,118
Longs Drug Stores Corp.	977		73,900
Lowe's Companies, Inc.	38,513		912,373
Luby's Cafeterias, Inc. *	1,139		9,158
Lumber Liquidators, Inc. *	1,052		13,213
M.D.C. Holdings, Inc.	1,211		44,310
M/I Homes, Inc.	494		11,253
Macrovision Solutions Corp. *	4,411		67,841
Macy's, Inc.	11,255		202,365
Maidenform Brands, Inc. *	754		10,941
Marcus Corp.	1,062		17,077
Marine Products Corp.	1,659		13,770
Marinemax, Inc. *	662		4,786

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Marriott International, Inc., Class A	9,491	$	247,620
Marvel Entertainment, Inc. *	1,989		67,904
Mattel, Inc.	9,439		170,280
McCormick & Schmick's Seafood
Restaurants, Inc. *	603		5,873
McDonald's Corp.	30,068		1,855,196
Meritage Homes Corp. *	795		19,637
MGM Mirage, Inc. * (a)	7,760		221,160
Mobile Mini, Inc. *	1,081		20,896
Modine Manufacturing Company	949		13,742
Mohawk Industries, Inc. *	1,699		114,496
Monaco Coach Corp.	1,061		2,069
Monarch Casino & Resort, Inc. *	738		8,406
Morgans Hotel Group Company *	1,110		12,110
Movado Group, Inc.	758		16,941
MSC Industrial Direct Company, Inc., Class A	1,701		78,365
MTR Gaming Group, Inc. *	995		3,303
Multimedia Games, Inc. *	1,173		5,079
MWI Veterinary Supply, Inc. *	378		14,852
National Cinemedia, Inc.	1,172		12,951
National Presto Industries, Inc.	344		25,628
New York & Company, Inc. *	1,749		16,685
Newell Rubbermaid, Inc.	7,145		123,323
NIKE, Inc., Class B	12,970		867,693
Noble International, Ltd.	754		4,516
Nordstrom, Inc.	6,303		181,652
Northwest Airlines Corp. *	6,025		54,406
Nu Skin Enterprises, Inc., Class A	1,847		29,958
NVR, Inc. *	129		73,788
O'Charley's, Inc.	878		7,683
Office Depot, Inc. *	7,056		41,066
OfficeMax, Inc.	1,955		17,380
O'Reilly Automotive, Inc. *	3,516		94,123
Orient Express Hotels, Ltd.	1,519		36,653
Oshkosh Corp.	1,872		24,636
Owens & Minor, Inc.	1,036		50,246
Oxford Industries, Inc.	557		14,387
P.F. Chang's China Bistro, Inc. * (a)	789		18,573
PACCAR, Inc.	9,561		365,135
Pacific Sunwear of California, Inc. *	2,017		13,574
Panera Bread Company, Class A *	879		44,741
Pantry, Inc. *	666		14,113
Papa John's International, Inc. *	889		24,145
PC Connection, Inc. *	930		6,222
Penn National Gaming, Inc. *	2,208		58,667
Penske Auto Group, Inc.	2,496		28,629
Perry Ellis International, Inc. *	526		7,843
PetSmart, Inc.	3,521		87,004
Phillips-Van Heusen Corp.	1,454		55,121
Pier 1 Imports, Inc. *	2,559		10,569
Pinnacle Airlines Corp. *	802		3,192
Pinnacle Entertainment, Inc. *	1,680		12,701
Polaris Industries, Inc. (a)	921		41,896
Polo Ralph Lauren Corp., Class A	2,610		173,930
Pool Corp. (a)	1,316		30,702
PriceSmart, Inc.	821		13,744

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

395

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Progressive Gaming International Corp. *	378	$	541
Pulte Homes, Inc.	6,694		93,515
Quiksilver, Inc. *	3,540		20,320
RadioShack Corp.	3,390		58,579
RC2 Corp. *	658		13,160
Red Robin Gourmet Burgers, Inc. *	514		13,775
Regal Entertainment Group, Class A	3,818		60,248
Regis Corp.	1,170		32,175
Republic Airways Holdings, Inc. *	1,012		10,312
Retail Ventures, Inc. *	1,498		5,842
Rex Stores Corp. *	508		5,867
Rite Aid Corp. * (a)	20,893		17,550
Riviera Holdings Corp. *	471		3,462
Ross Stores, Inc.	3,534		130,087
Royal Caribbean Cruises, Ltd.	5,670		117,652
Ruby Tuesday, Inc. *	1,668		9,658
Rush Enterprises, Inc., Class A *	1,094		14,003
Ryland Group, Inc.	1,135		30,100
Saks, Inc. * (a)	3,680		34,040
Sally Beauty Holdings, Inc. *	4,802		41,297
ScanSource, Inc. *	699		20,124
School Specialty, Inc. *	572		17,841
Scientific Games Corp., Class A *	2,427		55,870
Sealy Corp.	2,539		16,402
Sears Holdings Corp. * (a)	3,571		333,889
Select Comfort Corp. *	1,532		2,528
Shoe Carnival, Inc. *	480		7,862
Shuffle Master, Inc. *	1,140		5,803
Skechers U.S.A., Inc., Class A *	1,222		20,566
Skyline Corp.	339		8,960
SkyWest, Inc.	1,598		25,536
Sonic Automotive, Inc.	1,482		12,538
Sonic Corp. *	1,650		24,041
Southwest Airlines Company	18,829		273,209
Speedway Motorsports, Inc.	1,228		23,921
Stage Stores, Inc.	1,226		16,747
Standard Pacific Corp. *	2,522		12,383
Staples, Inc.	18,312		412,020
Star Gas Partners *	2,812		6,243
Starbucks Corp. *	18,946		281,727
Starwood Hotels & Resorts Worldwide, Inc.	5,119		144,049
Steelcase, Inc. Class A	3,815		41,011
Stein Mart, Inc.	1,741		6,807
Steinway Musical Instruments, Inc. *	486		13,764
Steven Madden, Ltd. *	718		17,792
Suburban Propane Partners, LP	854		28,677
Superior Industries International, Inc.	839		16,075
Susser Holdings Corp. *	562		8,464
Systemax, Inc. *	1,068		15,016
Talbots, Inc.	1,547		20,266
Target Corp.	21,539		1,056,488
Tech Data Corp. *	1,459		43,551
Tempur-Pedic International, Inc.	1,927		22,662
Tenneco, Inc. *	1,217		12,937
Texas Roadhouse, Inc., Class A *	2,313		20,794
The Buckle, Inc.	819		45,487

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
The Cheesecake Factory, Inc. *	1,894	$	27,690
The Dress Barn, Inc. *	1,782		27,247
The Gap, Inc.	20,653		367,210
The Men's Wearhouse, Inc.	1,405		29,842
The Pep Boys - Manny, Moe & Jack	1,591		9,832
The Steak & Shake Company * (a)	1,082		9,392
The TJX Companies, Inc.	11,470		350,064
The Toro Company	967		39,937
The Wet Seal, Inc., Class A *	2,916		10,585
Thor Industries, Inc. (a)	1,441		35,766
Tiffany & Company	3,462		122,970
Timberland Company, Class A *	1,664		28,904
Titan International, Inc.	902		19,231
Titan Machinery, Inc. *	484		10,072
TiVo, Inc. *	2,783		20,372
Toll Brothers, Inc. *	4,071		102,711
Town Sports International Holdings, Inc. *	854		5,209
Tractor Supply Company *	1,041		43,774
True Religion Apparel, Inc. * (a)	655		16,932
TRW Automotive Holdings Corp. *	2,592		41,239
Tuesday Morning Corp. *	1,518		6,269
Tween Brands, Inc. *	679		6,647
UAL Corp. *	2,938		25,825
Ulta Salon, Cosmetics & Fragrance, Inc. *	1,524		20,239
Under Armour, Inc., Class A * (a)	1,254		39,827
Unifi, Inc. *	3,278		15,866
Unifirst Corp.	552		23,786
United Stationers, Inc. *	674		32,237
Universal Electronics, Inc. *	533		13,314
Urban Outfitters, Inc. *	4,259		135,734
US Airways Group, Inc. *	2,474		14,918
Vail Resorts, Inc. * (a)	1,015		35,474
VF Corp.	2,818		217,860
Visteon Corp. *	3,970		9,210
Volcom, Inc. *	746		12,891
W.W. Grainger, Inc.	1,988		172,896
Wabash National Corp.	1,176		11,113
WABCO Holdings, Inc.	1,750		62,195
Walgreen Company	25,704		795,796
Wal-Mart Stores, Inc.	101,881		6,101,653
Warnaco Group, Inc. *	1,207		54,665
Warner Music Group Corp.	4,285		32,566
Watsco, Inc. (a)	805		40,475
Wendy's/Arby's Group, Inc. *	12,175		64,041
Wesco International, Inc. *	1,152		37,071
Weyco Group, Inc.	425		14,225
Whirlpool Corp.	1,944		154,140
Williams-Sonoma, Inc.	2,784		45,045
Winnebago Industries, Inc.	939		12,132
WMS Industries, Inc. *	1,333		40,750
Wolverine World Wide, Inc.	1,405		37,176
Woodbridge Holdings Corp *	734		2,064
World Fuel Services Corp.	824		18,977
Wyndham Worldwide Corp.	4,605		72,345
Wynn Resorts, Ltd. *	2,969		242,389
Yum! Brands, Inc.	13,146		428,691

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

396

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Zale Corp. * (a)	1,388	$	34,700
Zumiez, Inc. *	790		13,019
			33,960,130
Consumer, Non-cyclical - 21.00%
Aaron Rents, Inc., Class B	1,563		42,310
Abaxis, Inc. *	582		11,465
Abbott Laboratories	39,926		2,298,939
Abiomed, Inc. *	1,003		17,803
ABM Industries, Inc.	1,431		31,253
Abraxis BioScience, Inc. *	1,036		71,443
Acadia Pharmaceuticals, Inc. *	1,206		3,232
Accelrys, Inc. *	1,253		6,879
Accenture, Ltd., Class A	19,625		745,750
Acco Brands Corp. *	1,550		11,687
Accuray, Inc. *	1,574		12,702
Acorda Therapeutics, Inc. *	731		17,434
Administaff, Inc.	737		20,061
Adolor Corp. *	1,856		6,403
Advance America Cash Advance Centers, Inc.	2,148		6,423
Advanced Medical Optics, Inc. *	1,563		27,790
Affymax, Inc. *	507		10,064
Affymetrix, Inc. *	1,807		13,986
Air Methods Corp. *	339		9,597
Akorn, Inc. *	2,617		13,425
Albany Molecular Research, Inc. *	992		17,945
Alberto-Culver Company	2,583		70,361
Alexion Pharmaceuticals, Inc. *	1,950		76,635
Alexza Pharmaceuticals, Inc. *	1,293		6,387
Alico, Inc.	282		13,375
Align Technology, Inc. *	1,917		20,761
Alkermes, Inc. *	2,702		35,937
Allergan, Inc.	7,848		404,172
Alliance Data Systems Corp. *	1,961		124,288
Alliance Imaging, Inc. *	1,501		15,415
Alliance One International, Inc. *	3,015		11,457
Allos Therapeutics, Inc. *	2,052		15,205
Alnylam Pharmaceuticals, Inc. *	1,097		31,758
Alpharma, Inc., Class A *	1,224		45,153
Alphatec Holdings, Inc. *	2,116		9,734
Altair Nanotechnologies, Inc. * (a)	2,419		5,806
Altria Group, Inc.	54,473		1,080,744
Altus Pharmaceuticals, Inc. *	1,133		1,258
AMAG Pharmaceuticals, Inc. *	465		18,009
Amedisys, Inc. *	733		35,675
American Greetings Corp., Class A	1,494		22,843
American Medical Systems Holdings, Inc. *	1,947		34,579
American Public Education, Inc. *	468		22,595
AMERIGROUP Corp. *	1,358		34,276
AmerisourceBergen Corp.	4,326		162,874
Amgen, Inc. *	28,192		1,670,940
Amicus Therapeutics Inc *	789		11,930
AMN Healthcare Services, Inc. *	997		17,517
AmSurg Corp. *	844		21,497
Amylin Pharmaceuticals, Inc. *	3,500		70,770
Andersons, Inc.	462		16,272
Anesiva, Inc. *	1,622		2,433

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
AngioDynamics, Inc. *	815	$	12,877
Anheuser-Busch Companies, Inc.	18,989		1,232,006
Animal Health International, Inc. *	1,020		8,405
Apollo Group, Inc., Class A *	4,319		256,117
Apria Healthcare Group, Inc. *	1,229		22,417
Arbitron, Inc.	754		33,696
Archer-Daniels-Midland Company	16,701		365,919
Arden Group, Inc.	114		16,601
Arena Pharmaceuticals, Inc. *	1,883		9,415
Ariad Pharmaceuticals, Inc. *	2,784		6,876
Arqule, Inc. *	1,423		4,582
Array BioPharma, Inc. *	1,395		10,714
ArthroCare Corp. * (a)	729		20,208
Aspect Medical Systems, Inc. *	670		3,484
Assisted Living Concepts, Inc. *	1,872		11,925
athenahealth, Inc. *	854		28,413
AtriCure, Inc. *	725		7,264
Atrion Corp.	100		10,303
Auxilium Pharmaceuticals, Inc. *	1,103		35,737
Avery Dennison Corp.	2,689		119,607
Avis Budget Group, Inc. *	2,718		15,601
Avon Products, Inc.	11,203		465,709
B&G Foods, Inc.	1,291		9,231
Bankrate, Inc. * (a)	488		18,988
Bare Escentuals, Inc. *	2,370		25,762
Barr Pharmaceuticals, Inc. *	2,772		181,012
Barrett Business Services, Inc.	492		6,386
Baxter International, Inc.	16,437		1,078,760
Beckman Coulter, Inc.	1,583		112,377
Becton, Dickinson & Company	6,305		506,039
Bio Reference Labs, Inc. *	437		12,629
Biodel, Inc. *	650		2,177
BioForm Medical, Inc. *	1,453		5,696
BioMarin Pharmaceutical, Inc. *	2,494		66,066
BioMimetic Therapeutics, Inc. *	705		7,797
Bio-Rad Laboratories, Inc., Class A *	691		68,492
BioScrip, Inc. *	1,289		3,841
Blyth, Inc.	1,211		13,733
Boston Beer Company, Inc. *	432		20,516
Boston Scientific Corp. *	38,487		472,235
Bowne & Company, Inc.	920		10,626
Bristol-Myers Squibb Company	51,062		1,064,643
Brookdale Senior Living, Inc.	2,672		58,757
Brown Forman Corp., Class B	3,160		226,920
Bruker BioSciences Corp. *	2,826		37,671
Bunge, Ltd.	3,102		195,984
C.R. Bard, Inc.	2,619		248,465
Cadiz, Inc. *	645		12,300
Calavo Growers, Inc.	524		6,529
Caliper Life Sciences, Inc. *	2,153		6,028
Cal-Maine Foods, Inc. (a)	656		18,001
Cambrex Corp. *	856		5,264
Campbell Soup Company	9,849		380,171
Cantel Medical Corp. *	728		7,003
Capella Education Company *	463		19,844
Capital Senior Living Corp. *	1,324		10,062

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

397

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Caraco Pharmaceutical Labs *	958	$	11,985
Cardiac Science Corp. *	1,233		12,774
Cardinal Health, Inc.	9,437		465,055
Cardtronics, Inc. *	1,271		9,990
Career Education Corp. *	2,378		38,880
Catalyst Health Solutions, Inc. *	1,155		30,169
CBIZ, Inc. *	1,869		15,793
CDI Corp.	645		14,403
Celera Corp. *	2,204		34,052
Celgene Corp. *	10,845		686,272
Centene Corp. *	1,156		23,710
Central Garden & Pet Company *	1,980		11,642
Cenveo, Inc. *	1,585		12,189
Cephalon, Inc. *	1,711		132,585
Cepheid, Inc. *	1,464		20,247
Cerus Corp. *	1,314		5,427
Charles River Laboratories International, Inc. *	1,729		96,011
Chattem, Inc. *	529		41,357
Chelsea Therapeutics International, Inc. *	1,239		4,027
Chemed Corp.	630		25,868
Chiquita Brands International, Inc. *	1,146		18,118
Church & Dwight, Inc.	1,697		105,367
Clarient, Inc. * (a)	3,127		5,472
Clinical Data, Inc. *	645		10,372
Clorox Company	3,488		218,663
Coca-Cola Bottling Company Consolidated	299		13,054
Coca-Cola Enterprises, Inc.	12,478		209,256
Coinstar, Inc. *	826		26,432
Colgate-Palmolive Company	12,292		926,202
Combinatorx, Inc. *	1,535		4,958
Community Health Systems, Inc. *	2,451		71,839
ConAgra Foods, Inc.	12,635		245,877
Conceptus, Inc. *	975		16,165
CONMED Corp. *	853		27,296
Consolidated Graphics, Inc. *	401		12,162
Constellation Brands, Inc., Class A *	5,550		119,103
Continucare Corp. *	3,120		8,330
Convergys Corp. *	3,388		50,075
Corinthian Colleges, Inc. *	2,303		34,545
Corn Products International, Inc.	1,914		61,784
Cornell Corrections, Inc. *	573		15,574
Corporate Executive Board Company	941		29,406
Corrections Corp. of America *	3,115		77,408
CorVel Corp. *	498		14,248
CoStar Group, Inc. *	612		27,779
Cougar Biotechnology, Inc. *	516		17,229
Covance, Inc. *	1,619		143,136
Coventry Health Care, Inc. *	4,016		130,721
Covidien, Ltd.	12,836		690,063
CPEX Pharmaceuticals, Inc. *	74		1,387
CRA International, Inc. *	341		9,371
Cross Country Healthcare, Inc. *	1,037		16,893
Cryolife, Inc. *	1,125		14,760
Cubist Pharmaceuticals, Inc. *	1,479		32,878
CV Therapeutics, Inc. *	1,731		18,695
Cyberonics, Inc. *	854		14,518

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Cynosure, Inc. *	415	$	7,445
Cypress Biosciences, Inc. *	1,333		9,798
Cytokinetics, Inc. *	2,095		9,930
CytRx Corp. *	3,405		1,737
Datascope Corp.	460		23,750
DaVita, Inc. *	2,746		156,549
Dean Foods Company *	3,374		78,817
Del Monte Foods Company	5,262		41,044
Deluxe Corp.	1,311		18,865
Dendreon Corp. * (a)	2,443		13,950
DENTSPLY International, Inc.	3,901		146,444
DepoMed, Inc. *	1,850		6,752
DeVry, Inc.	1,846		91,451
DexCom, Inc. *	1,141		7,063
Diamond Foods, Inc.	568		15,921
Dollar Financial Corp. *	740		11,389
Dollar Thrifty Automotive Group, Inc. *	696		1,343
Dun & Bradstreet Corp.	1,448		136,633
Durect Corp. *	2,131		11,934
Dyax Corp. *	2,448		10,771
Dynavax Technologies Corp. *	1,626		2,358
DynCorp International, Inc. *	1,490		24,972
Edwards Lifesciences Corp. *	1,487		85,889
Electro Rent Corp.	893		11,993
Elizabeth Arden, Inc. *	896		17,588
Emergency Medical Services Corp., Class A *	354		10,578
Emergent Biosolutions, Inc. *	976		12,776
Emeritus Corp. *	1,099		27,365
Endo Pharmaceutical Holdings, Inc. *	3,465		69,300
Ennis Business Forms, Inc.	823		12,724
Enzo Biochem, Inc. *	1,224		13,440
Enzon Pharmaceuticals, Inc. *	1,414		10,435
Equifax, Inc.	3,361		115,786
Estee Lauder Companies, Inc., Class A	4,993		249,201
Euronet Worldwide, Inc. *	1,298		21,716
EV3, Inc. * (a)	2,835		28,463
Exactech, Inc. *	498		11,076
Exelixis, Inc. *	3,023		18,380
Exlservice Holdings, Inc. *	919		8,069
Exponent, Inc. *	513		16,975
Express Scripts, Inc. *	6,530		482,045
Farmer Brothers Company	636		15,817
First Advantage Corp., Class A *	1,878		26,386
Five Star Quality Care, Inc. *	1,273		4,774
Flowers Foods, Inc.	2,403		70,552
Forest Laboratories, Inc. *	8,081		228,531
Forrester Research, Inc. *	759		22,254
Fortune Brands, Inc.	3,912		224,392
Fossil, Inc. *	1,818		51,322
Fresh Del Monte Produce, Inc. *	1,593		35,365
FTI Consulting, Inc. *	1,230		88,855
Gaiam, Inc., Class A *	693		7,346
Gartner Group, Inc., Class A *	2,736		62,052
Genentech, Inc. *	27,155		2,408,105
General Mills, Inc.	8,619		592,298
Genomic Health, Inc. *	785		17,780

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

398

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Genoptix, Inc. *	441	$	14,407
Genpact, Ltd. *	5,340		55,483
Gen-Probe, Inc. *	1,401		74,323
Gentiva Health Services, Inc. *	919		24,758
Genzyme Corp. *	6,767		547,383
Geron Corp. * (a)	2,312		9,132
Gilead Sciences, Inc. *	24,160		1,101,213
Global Cash Access, Inc. *	2,505		12,675
Global Payments, Inc.	2,027		90,931
Great Lakes Dredge & Dock Company	1,642		10,361
Green Mountain Coffee Roasters, Inc. * (a)	624		24,548
GTx, Inc. *	1,104		20,998
H & R Block, Inc.	8,294		188,688
H&E Equipment Services, Inc. *	1,195		11,544
H.J. Heinz Company	8,113		405,407
Haemonetics Corp. *	659		40,673
Hain Celestial Group, Inc. *	1,094		30,118
Halozyme Therapeutics, Inc. *	1,950		14,313
Hanger Orthopedic Group, Inc. *	913		15,932
Hansen Medical, Inc. * (a)	612		8,225
Hansen Natural Corp. *	2,407		72,812
Health Management Associates, Inc., Class A *	6,501		27,044
Health Net, Inc. *	2,806		66,222
Health Tronics, Inc. *	2,040		5,957
Healthcare Services Group, Inc.	1,125		20,576
Healthsouth Corp. *	2,070		38,150
Healthspring, Inc. *	1,639		34,681
Healthways, Inc. *	935		15,082
Heartland Payment Systems, Inc. (a)	1,040		26,582
Heidrick & Struggles International, Inc.	532		16,040
Helen of Troy, Ltd. *	889		20,243
Helicos BioSciences Corp. *	788		1,355
Henry Schein, Inc. *	2,254		121,355
Herbalife, Ltd.	1,730		68,370
Hershey Company	5,854		231,467
Hertz Global Holdings, Inc. *	8,169		61,839
Hewitt Associates, Inc., Class A *	2,776		101,157
Hill International, Inc. *	897		12,423
Hill-Rom Holdings, Inc.	1,574		47,708
HMS Holdings Corp. *	667		15,981
Hologic, Inc. *	6,484		125,336
Hormel Foods Corp.	3,500		126,980
Hospira, Inc. *	3,976		151,883
Human Genome Sciences, Inc. *	4,053		25,737
Huron Consulting Group, Inc. *	506		28,832
ICF International, Inc. *	438		8,651
ICU Medical, Inc. *	409		12,438
Idenix Pharmaceuticals, Inc. *	2,211		15,986
Idera Pharmaceuticals, Inc. *	842		11,847
IDEXX Laboratories, Inc. *	1,575		86,310
I-Flow Corp. *	949		8,835
Illumina, Inc. *	2,868		116,240
ImClone Systems, Inc. *	2,234		139,491
Immucor, Inc. *	1,820		58,167
Immunogen, Inc. *	2,179		10,699
Immunomedics, Inc. *	2,368		4,215

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Imperial Sugar Company	441	$	5,971
Incyte Corp. *	2,294		17,549
Indevus Pharmaceuticals, Inc. *	2,544		8,522
Infinity Pharmaceuticals, Inc. *	1,143		8,858
Informatica Corp. *	2,329		30,254
Ingles Markets, Inc.	802		18,310
Inspire Pharmaceuticals, Inc. *	2,307		8,236
Insulet Corp. *	754		10,496
Integra LifeSciences Holdings Corp. *	721		31,746
Interactive Data Corp.	2,452		61,839
Intermediate Parfums, Inc.	1,248		16,923
Intermune, Inc. *	1,056		18,068
Intuitive Surgical, Inc. *	991		238,811
Invacare Corp.	881		21,267
Inverness Medical Innovations, Inc. *	1,919		57,570
Invitrogen Corp. *	2,370		89,586
IRIS International, Inc. *	632		11,313
Iron Mountain, Inc. *	5,157		125,882
Isis Pharmaceuticals, Inc. *	2,386		40,300
Ista Pharmaceuticals, Inc. *	1,301		2,069
ITT Educational Services, Inc. *	1,022		82,690
J & J Snack Foods Corp.	585		19,837
J.M. Smucker Company	1,473		74,666
Jackson Hewitt Tax Service, Inc.	813		12,471
Jarden Corp. *	2,030		47,603
Javelin Pharmaceuticals, Inc. *	1,659		4,313
Jazz Pharmaceuticals, Inc. * (a)	815		4,026
Johnson & Johnson	72,900		5,050,512
Kellogg Company	10,210		572,781
Kelly Services, Inc., Class A	1,113		21,203
Kendle International, Inc. *	396		17,705
Kenexa Corp. *	756		11,937
Kensey Nash Corp. *	435		13,685
Keryx Biopharmaceuticals, Inc. * (a)	1,631		571
Kforce, Inc. *	1,316		13,436
Kimberly-Clark Corp.	9,345		605,930
Kindred Healthcare, Inc. *	1,037		28,590
Kinetic Concepts, Inc. *	1,850		52,892
King Pharmaceuticals, Inc. *	6,304		60,392
Korn/Ferry International *	1,228		21,883
Kraft Foods, Inc., Class A	40,113		1,313,701
K-V Pharmaceutical Company, Class A *	1,290		29,296
La Jolla Pharmaceutical Company *	1,783		1,997
Laboratory Corp. of America Holdings *	2,951		205,095
Lance, Inc.	920		20,875
Landauer, Inc.	324		23,571
LCA-Vision, Inc.	648		3,007
Learning Tree International, Inc. *	517		6,437
LECG Corp. *	977		7,884
Lender Processing Services, Inc.	2,475		75,537
Lexicon Genetics, Inc. *	4,817		8,574
LHC Group, Inc. *	594		16,917
LifePoint Hospitals, Inc. *	1,508		48,467
Ligand Pharmaceuticals, Inc., Class B *	3,180		9,381
Lincare Holdings, Inc. *	2,055		61,835
Lincoln Educational Services Corp. *	950		12,569

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

399

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Live Nation, Inc. *	1,912	$	31,108
Lorillard, Inc.	2,765		196,730
Luminex Corp. *	1,163		29,087
M & F Worldwide Corp. *	595		23,800
Macquarie Infrastructure Company LLC	993		13,118
Magellan Health Services, Inc. *	1,036		42,538
Mannkind Corp. *	2,886		11,140
Manpower, Inc.	2,077		89,643
MAP Pharmaceuticals, Inc. *	660		6,679
Martek Biosciences Corp. *	853		26,801
Masimo Corp. *	1,432		53,270
Maui Land & Pineapple, Inc. *	404		11,106
MAXIMUS, Inc.	593		21,846
Maxygen, Inc. *	1,541		6,518
McCormick & Company, Inc.	3,265		125,539
McGrath Rentcorp	749		21,586
McKesson Corp.	7,492		403,145
Medarex, Inc. *	3,396		21,972
MedCath Corp. *	708		12,687
Medco Health Solutions, Inc. *	13,856		623,520
Medical Action, Inc. *	640		8,403
Medical Staffing Network Holdings, Inc. *	1,571		2,592
Medicines Company *	1,521		35,318
Medicis Pharmaceutical Corp., Class A	1,470		21,918
Medivation, Inc. *	907		23,999
Medtronic, Inc.	29,543		1,480,104
Mentor Corp.	871		20,782
Merck & Company, Inc.	56,488		1,782,761
Meridian Bioscience, Inc.	1,077		31,276
Merit Medical Systems, Inc. *	858		16,105
MGP Ingredients, Inc.	718		2,039
Micrus Endovascular Corp. *	573		7,993
Midas, Inc. *	675		9,288
Millipore Corp. *	1,371		94,325
Molecular Insight Pharmaceuticals, Inc. *	1,062		8,156
Molina Healthcare, Inc. *	814		25,234
Molson Coors Brewing Company, Class B	4,613		215,658
Momenta Pharmaceuticals, Inc. *	1,174		15,391
Monro Muffler Brake, Inc.	762		17,572
Moody's Corp.	6,689		227,426
Morningstar, Inc. *	1,156		64,123
MPS Group, Inc. *	2,749		27,710
Multi-Color Corp.	455		10,870
Mylan, Inc. *	7,786		88,916
Myriad Genetics, Inc. *	1,161		75,326
Nabi Biopharmaceuticals *	2,577		12,009
Nanosphere, Inc. *	769		6,560
Nash Finch Company	456		19,663
National Beverage Corp. *	1,464		12,986
National Healthcare Corp.	375		17,670
National Research Corp.	517		15,851
Natus Medical, Inc. *	687		15,567
Navigant Consulting Company *	1,391		27,667
NBTY, Inc. *	1,737		51,276
Nektar Therapeutics *	2,762		9,916
Neogen Corp. *	509		14,344

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Neurocrine Biosciences, Inc. *	1,366	$	6,407
Nighthawk Radiology Holdings, Inc. *	851		6,144
Novavax, Inc. *	2,867		8,314
Noven Pharmaceuticals, Inc. *	807		9,426
NPS Pharmaceuticals, Inc. *	1,899		13,559
NutriSystem, Inc.	920		16,302
Nuvasive, Inc. *	933		46,025
NxStage Medical, Inc. *	1,053		4,444
Obagi Medical Products, Inc. *	882		8,802
Odyssey Healthcare, Inc. *	1,305		13,246
Odyssey Marine Exploration, Inc. *	1,632		7,409
Omnicare, Inc.	3,130		90,050
Omrix Biopharmaceuticals, Inc. *	504		9,042
Onyx Pharmaceuticals, Inc. *	1,417		51,267
Opko Health, Inc. *	4,614		8,075
Optimer Pharmaceuticals, Inc. *	1,337		10,629
OraSure Technologies, Inc. *	1,503		7,395
Orexigen Therapeutics, Inc. *	964		10,402
Orthofix International NV *	449		8,365
Orthovita, Inc. *	3,268		8,497
OSI Pharmaceuticals, Inc. *	1,509		74,379
Osiris Therapeutics, Inc. *	965		18,615
Pain Therapeutics, Inc. * (a)	1,365		13,336
Palomar Medical Technologies, Inc. *	545		7,336
Par Pharmaceutical Companies, Inc. *	907		11,147
Parexel International Corp. *	1,594		45,684
Patterson Companies, Inc. *	3,582		108,929
Paychex, Inc.	9,780		323,033
PDL BioPharma, Inc. *	3,056		28,451
Pediatrix Medical Group, Inc. *	1,244		67,076
Peets Coffee & Tea, Inc. *	613		17,115
PeopleSupport, Inc. *	711		8,312
Pepsi Bottling Group, Inc.	5,767		168,223
PepsiAmericas, Inc.	3,338		69,163
PepsiCo, Inc.	40,151		2,861,562
Perrigo Company	2,460		94,612
PetMed Express, Inc. *	840		13,188
Pfizer, Inc.	177,290		3,269,228
Pharmaceutical Product Development, Inc.	3,056		126,366
Pharmacopeia Drug Discovery, Inc. *	1,816		2,706
Pharmanet Development Group, Inc. *	504		3,639
Pharmasset, Inc. *	648		12,928
PharMerica Corp. *	829		18,644
PHH Corp. *	1,499		19,922
Philip Morris International, Inc.	54,473		2,620,151
Pilgrim's Pride Corp.	1,733		4,315
Poniard Pharmaceuticals, Inc. *	1,427		6,093
Power Medical Interventions, Inc. *	738		2,376
POZEN, Inc. * (a)	1,043		10,962
Pre-Paid Legal Services, Inc. * (a)	343		14,152
Prestige Brands Holdings, Inc. *	1,615		14,341
Princeton Review, Inc. *	1,140		9,120
Procter & Gamble Company	81,032		5,647,120
Progenics Pharmaceuticals, Inc. *	857		11,407
Protection One, Inc. *	889		7,832
Providence Service Corp. *	416		4,077

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

400

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
PSS World Medical, Inc. *	1,759	$	34,301
Psychiatric Solutions, Inc. *	1,429		54,231
QC Holdings, Inc.	963		6,587
Quanta Services, Inc. *	4,390		118,574
Quest Diagnostics, Inc.	4,997		258,195
Questcor Pharmaceuticals, Inc. *	1,993		14,649
Quidel Corp. *	921		15,114
R.R. Donnelley & Sons Company	5,513		135,234
RadNet, Inc. *	1,135		4,551
Ralcorp Holdings, Inc. *	675		45,502
Regeneron Pharmaceuticals, Inc. *	1,775		38,748
RehabCare Group, Inc. *	548		9,919
Rent-A-Center, Inc. *	1,972		43,936
Repligen Corp. *	1,269		5,977
Res-Care, Inc. *	816		14,802
ResMed, Inc. *	1,984		85,312
Resources Connection, Inc. *	1,426		32,128
Revlon, Inc. *	1,660		24,651
Reynolds American, Inc.	7,620		370,484
Rigel Pharmaceuticals, Inc. *	821		19,170
Robert Half International, Inc.	4,154		102,812
Rollins, Inc.	2,691		51,075
RSC Holdings, Inc. *	2,700		30,672
RTI Biologics, Inc. *	1,495		13,978
Ruddick Corp.	1,236		40,108
Russ Berrie & Company, Inc. *	770		5,906
RXi Pharmaceuticals Corp. *	169		1,379
Safeway, Inc.	11,288		267,751
SAIC, Inc. *	3,249		65,727
Salix Pharmaceuticals, Ltd. *	1,490		9,551
Sanderson Farms, Inc.	551		20,244
Sangamo Biosciences, Inc. * (a)	1,144		8,809
Sara Lee Corp.	18,696		236,130
Savient Pharmaceuticals, Inc. *	1,441		21,485
Schering-Plough Corp.	42,080		777,218
Sciele Pharma, Inc. *	949		29,220
Seaboard Corp.	33		41,481
Seattle Genetics, Inc. *	1,805		19,314
Senomyx, Inc. *	1,170		5,300
Sepracor, Inc. *	2,906		53,209
Sequenom, Inc. *	1,257		33,461
Service Corp. International	7,485		62,575
Sirona Dental Systems, Inc. *	1,449		33,733
Skilled Healthcare Group, Inc. *	1,166		18,528
Smart Balance, Inc. *	1,176		7,715
Smithfield Foods, Inc. *	3,444		54,691
Somanetics Corp. *	459		10,038
Sonic Innovations, Inc. *	1,339		3,401
SonoSite, Inc. *	484		15,198
Sotheby's	1,724		34,583
Spartan Motors, Inc.	885		2,814
Spartan Stores, Inc.	728		18,113
Spectranetics Corp. *	957		4,431
Spectrum Brands, Inc. * (a)	1,928		2,680
Spherion Corp. *	1,978		9,633
St. Jude Medical, Inc. *	8,790		382,277

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Standard Parking Corp. *	599	$	13,310
Steiner Leisure, Ltd. *	440		15,127
Stereotaxis, Inc. *	1,375		8,319
STERIS Corp.	1,645		61,819
Stewart Enterprises, Inc., Class A	2,914		22,904
Stonemor Partners LP	640		9,331
Strayer Education, Inc.	374		74,897
Stryker Corp.	10,590		659,757
Sucampo Pharmaceuticals, Inc. *	1,224		10,441
SuccessFactors, Inc. *	1,449		15,794
Sun Healthcare Group, Inc. *	1,176		17,240
Sunrise Senior Living, Inc. *	1,271		17,527
Supergen, Inc. *	2,016		2,863
SUPERVALU, Inc.	5,436		117,961
SurModics, Inc. * (a)	479		15,084
Symmetry Medical, Inc. *	982		18,226
Synovis Life Technologies, Inc. *	498		9,372
Synta Pharmaceuticals Corp. * (a)	1,298		9,891
Sysco Corp.	15,781		486,528
Targacept, Inc. *	1,128		6,554
Targanta Therapeutics Corp. *	981		6,661
Team, Inc. *	500		18,060
Techne Corp. *	1,007		72,625
Teekay Offshore Partners LP	847		9,783
Tejon Ranch Company *	507		18,835
TeleTech Holdings, Inc. *	1,884		23,437
Tenet Healthcare Corp. *	12,406		68,853
Tercica, Inc. *	1,698		15,180
Tetra Tech, Inc. *	1,554		37,389
The Advisory Board Company *	502		15,140
The Coca-Cola Company	60,105		3,178,352
The Cooper Companies, Inc.	1,150		39,974
The Ensign Group, Inc.	704		12,031
The Geo Group, Inc. *	1,326		26,798
The Great Atlantic & Pacific Tea Company,
Inc. *	1,270		13,741
The Hackett Group, Inc. *	2,072		11,272
The Kroger Company	17,507		481,092
The Scotts Company, Class A	1,630		38,533
The Standard Register Company	1,169		11,515
Theravance, Inc. *	1,674		20,858
Thoratec Corp. *	1,601		42,026
Ticketmaster Entertainment, Inc. *	1,477		15,848
TNS, Inc. *	796		15,419
TomoTherapy, Inc. *	1,486		6,806
Tootsie Roll Industries, Inc. (a)	1,560		45,100
Trans1, Inc. *	604		5,974
TravelCenters of America LLC *	568		1,619
Tree.com, Inc. *	246		1,186
TreeHouse Foods, Inc. *	928		27,562
Triple-S Management Corp. *	1,011		16,469
Trubion Pharmaceuticals, Inc. *	691		2,294
TrueBlue, Inc. *	1,228		19,844
Tupperware Brands Corp.	1,590		43,932
Tyson Foods, Inc., Class A	9,178		109,585
United Natural Foods, Inc. *	1,170		29,238

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

401

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
United Rentals, Inc. *	2,320	$	35,357
United Therapeutics Corp. *	547		57,528
UnitedHealth Group, Inc.	33,522		851,124
Universal Corp.	714		35,050
Universal Health Services, Inc., Class B	1,373		76,929
Universal Technical Institute, Inc. *	890		15,183
USANA Health Sciences, Inc. *	444		18,200
UST, Inc.	4,004		266,426
Valassis Communications, Inc. *	1,477		12,791
Valeant Pharmaceuticals International *	2,522		51,625
Varian Medical Systems, Inc. *	3,240		185,101
VCA Antech, Inc. *	2,156		63,537
Vector Group, Ltd.	1,655		29,227
Vertex Pharmaceuticals, Inc. *	3,482		115,742
Viad Corp.	648		18,656
Vical, Inc. *	2,395		5,245
Village Super Market, Inc.	312		14,873
ViroPharma, Inc. *	2,089		27,408
Virtual Radiologic Corp *	532		4,341
Visa, Inc.	20,262		1,243,884
VistaPrint, Ltd. * (a)	1,132		37,175
Vital Images, Inc. *	548		8,220
Vital Signs, Inc.	412		30,447
Vivus, Inc. *	1,879		14,919
VNUS Medical Technologies *	762		15,949
Volcano Corp. *	1,173		20,281
Volt Information Sciences, Inc. *	717		6,439
Warner Chilcott, Ltd., Class A *	6,434		97,282
Watson Pharmaceuticals, Inc. *	2,685		76,523
Watson Wyatt Worldwide, Inc., Class A	1,097		54,554
WD-40 Company	583		20,947
Weight Watchers International, Inc.	2,010		73,566
Weis Markets, Inc.	739		26,611
WellCare Health Plans, Inc. *	1,087		39,132
WellPoint, Inc. *	14,812		692,757
West Pharmaceutical Services, Inc.	871		42,522
Western Union Company	19,460		480,078
Whole Foods Market, Inc. (a)	3,542		70,946
William Wrigley, Jr. Company	7,180		570,092
Winn-Dixie Stores, Inc. *	1,446		20,099
Wright Express Corp. *	1,061		31,671
Wright Medical Group, Inc. *	1,089		33,149
Wyeth	34,628		1,279,158
XenoPort, Inc. *	675		32,731
XOMA, Ltd. *	3,829		8,041
Xtent, Inc. *	868		1,198
Zapata, Corp. *	1,498		10,007
Zimmer Holdings, Inc. *	6,170		398,335
Zoll Medical Corp. *	573		18,749
Zymogenetics, Inc. *	2,003		13,340
			79,833,276
Diversified - 0.11%
Icahn Enterprises LP	1,815		78,136
Leucadia National Corp.	5,763		261,871
Resource America, Inc.	693		6,583

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Diversified (continued)
Walter Industries, Inc.	1,344	$	63,773
			410,363
Energy - 11.83%
Abraxas Petroleum Corp. *	2,133		5,567
Akeena Solar, Inc. * (a)	1,028		3,896
Alliance Holdings GP LP	1,549		31,026
Alliance Resource Partners LP	994		31,331
Allis-Chalmers Energy, Inc. *	1,028		13,004
Alon USA Energy, Inc.	1,343		18,104
Alpha Natural Resources, Inc. *	1,719		88,408
American Oil & Gas, Inc. *	2,037		5,317
Anadarko Petroleum Corp.	12,092		586,583
Apache Corp.	8,467		882,939
APCO Argentina, Inc.	855		24,205
Approach Resources, Inc. *	810		11,713
Arch Coal, Inc.	3,702		121,759
Arena Resources, Inc. *	878		34,110
Atlas America, Inc.	1,125		38,374
Atlas Energy Resources LLC	1,643		42,389
Atlas Pipeline Holdings LP	582		14,026
Atlas Pipeline Partners LP	1,025		26,127
ATP Oil & Gas Corp. * (a)	927		16,510
Atwood Oceanics, Inc. *	1,582		57,585
Aventine Renewable Energy Holdings, Inc. *	1,326		4,190
Baker Hughes, Inc.	8,291		501,937
Basic Energy Services, Inc. *	1,262		26,881
Berry Petroleum Company, Class A	1,149		44,501
Bill Barrett Corp. *	1,181		37,922
BioFuel Energy Corp. *	1,267		672
BJ Services Company	7,425		142,040
Boardwalk Pipeline Partners LP	2,857		58,854
BP Prudhoe Bay Royalty Trust	440		40,907
BPZ Energy, Inc. *	1,677		28,844
BreitBurn Energy Partners LP	1,720		25,559
Brigham Exploration Company *	1,727		18,980
Bronco Drilling Company, Inc. *	927		9,474
Buckeye GP Holdings LP	779		12,137
Buckeye Partners LP *	1,170		43,395
Cabot Oil & Gas Corp.	2,475		89,446
Cal Dive International, Inc. *	2,829		29,987
Callon Petroleum Company *	769		13,865
Calumet Specialty Products Partners LP *	849		10,485
Cameron International Corp. *	5,582		215,130
Cano Petroleum, Inc. *	1,365		3,153
Carbo Ceramics, Inc.	692		35,714
Carrizo Oil & Gas, Inc. *	768		27,855
Cheniere Energy, Inc. * (a)	1,304		2,934
Chesapeake Energy Corp.	12,139		435,305
Chevron Corp.	55,318		4,562,629
Cimarex Energy Company	2,073		101,390
Clayton Williams Energy, Inc. *	380		26,801
Clean Energy Fuels Corp. *	1,244		17,603
CNX Gas Corp. *	3,933		88,060
Complete Production Services, Inc. *	1,954		39,334
Comstock Resources, Inc. *	1,176		58,859
Comverge, Inc. *	577		2,654

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

402

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Concho Resources, Inc. *	2,036	$	56,214
ConocoPhillips	41,480		3,038,410
CONSOL Energy, Inc.	4,741		217,564
Contango Oil & Gas Company *	444		23,967
Continental Resources, Inc. *	4,415		173,200
Copano Energy LLC	1,266		30,966
Covanta Holding Corp. *	4,048		96,909
Cross Timbers Royalty Trust	437		20,189
Crosstex Energy LP *	1,214		22,168
Crosstex Energy, Inc.	1,033		25,794
CVR Energy, Inc. *	2,171		18,497
Dawson Geophysical Company *	224		10,459
DCP Midstream Partners LP	622		10,524
Delek US Holdings, Inc.	1,343		12,450
Delta Petroleum Corp. *	1,714		23,276
Denbury Resources, Inc. *	6,233		118,676
Devon Energy Corp.	11,484		1,047,341
Diamond Offshore Drilling, Inc.	3,576		368,543
Dorchester Minerals LP *	984		22,730
Dresser-Rand Group, Inc. *	2,227		70,084
Dril-Quip, Inc. *	1,048		45,473
Duke Energy Corp.	32,587		567,991
Duncan Energy Partners LP	706		11,268
Eagle Rock Energy Partners LP (a)	1,957		20,607
Edge Petroleum Corp. *	1,109		1,985
El Paso Corp.	18,294		233,431
Enbridge Energy Management LLC *	458		19,190
Enbridge Energy Partners LP *	2,290		91,096
Encore Aquisition Company *	1,411		58,952
Encore Energy Partners LP *	722		15,754
Energy Partners, Ltd. *	1,053		9,130
Energy Transfer Equity LP	5,620		122,235
Energy Transfer Partners LP	3,748		138,039
ENSCO International, Inc.	3,676		211,848
Enterprise GP Holdings LP	3,573		84,073
Enterprise Products Partners LP	11,085		285,660
EOG Resources, Inc.	6,265		560,467
Equitable Resources, Inc.	3,035		111,324
EV Energy Partner LP	400		7,600
Evergreen Solar, Inc. *	2,681		14,799
EXCO Resources, Inc. *	2,770		45,206
Exterran Holdings, Inc. *	1,688		53,948
Exterran Partners LP	572		8,654
Exxon Mobil Corp.	141,814		11,013,275
Flotek Industries, Inc. *	522		5,742
Forest Oil Corp. *	2,150		106,640
Foundation Coal Holdings, Inc.	1,184		42,127
Frontier Oil Corp.	2,692		49,587
Fuelcell Energy, Inc. *	1,967		11,861
FX Energy, Inc. *	1,670		12,425
Gasco Energy, Inc. *	4,537		8,257
Genesis Energy LP	1,017		14,533
Geokinetics, Inc. *	451		8,569
GeoMet, Inc. *	2,217		12,060
Global Industries, Ltd. *	3,098		21,500
GMX Resources, Inc. *	481		22,992

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Goodrich Petroleum Corp. *	854	$	37,226
Grey Wolf, Inc. *	5,060		39,367
Gulf Islands Fabrication, Inc.	535		18,441
Gulfport Energy Corp. *	1,214		12,201
Halliburton Company	22,797		738,395
Harvest Natural Resources, Inc. *	1,185		11,992
Headwaters, Inc. *	1,251		16,701
Helix Energy Solutions Group, Inc. *	2,330		56,572
Helmerich & Payne, Inc.	2,663		115,015
Hercules Offshore, Inc. *	2,298		34,838
Hess Corp.	8,168		670,429
Hiland Holdings GP LP *	655		13,486
Hiland Partners LP	435		15,790
Holly Corp.	1,401		40,517
Holly Energy Partners LP *	547		16,432
Hornbeck Offshore Services, Inc. *	692		26,725
Hugoton Royalty Trust, SBI	1,022		27,430
International Coal Group, Inc. *	4,341		27,088
ION Geophysical Corp. *	2,359		33,474
James River Coal Company *	710		15,613
Key Energy Services, Inc. *	3,356		38,930
Kinder Morgan Energy Partners LP	6,294		327,477
Kinder Morgan Management LLC *	1,940		95,448
Legacy Reserves LP (a)	896		15,375
Linn Energy LLC	2,860		43,758
Lufkin Industries, Inc.	394		31,264
Magellan Midstream Holdings LP	1,501		25,787
Magellan Midstream Partners LP	1,647		53,363
Marathon Oil Corp.	18,395		733,409
Mariner Energy, Inc. *	2,273		46,597
Markwest Energy Partners LP *	1,687		42,647
Massey Energy Company	2,096		74,764
Matrix Service Company *	756		14,440
McMoran Exploration Company *	1,432		33,852
Murphy Oil Corp.	4,820		309,155
Nabors Industries, Ltd. *	7,168		178,627
NATCO Group, Inc. *	485		19,487
National Fuel Gas Company	2,009		84,740
National Oilwell Varco, Inc. *	10,676		536,255
Natural Resource Partners LP	1,635		41,415
Newfield Exploration Company *	3,273		104,703
Newpark Resources, Inc. *	2,824		20,615
Noble Corp.	6,907		303,217
Noble Energy, Inc.	4,369		242,873
Nova Biosource Fuels, Inc. * (a)	3,457		519
NuStar Energy LP *	1,277		54,234
NuStar GP Holdings LLC	1,181		20,668
Occidental Petroleum Corp.	21,616		1,522,847
Oceaneering International, Inc. *	1,409		75,128
Oil States International, Inc. *	1,273		45,001
ONEOK Partners LP	2,119		107,497
Pacific Ethanol, Inc. * (a)	1,283		1,783
Panhandle Oil and Gas, Inc.	435		12,454
Parallel Petroleum Corp. *	1,145		10,786
Parker Drilling Company *	3,329		26,699
Patriot Coal Corp. *	1,416		41,135

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

403

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Patterson-UTI Energy, Inc.	3,964	$	79,359
Peabody Energy Corp.	6,860		308,700
Penn Virginia Corp.	981		52,425
Penn Virginia GP Holdings LP	1,029		21,496
Penn Virginia Resource Partners LP *	1,332		21,965
PetroHawk Energy Corp. *	4,474		96,773
Petroleum Development Corp. *	408		18,103
Petroquest Energy, Inc. *	1,352		20,753
Pioneer Drilling Company *	1,650		21,945
Pioneer Natural Resources Company	3,005		157,101
Plains All American Pipeline LP	2,945		116,681
Plains Exploration & Production Company *	2,869		100,874
Plug Power, Inc. * (a)	3,526		3,491
Pride International, Inc. *	4,210		124,658
Quest Energy Partners LP	845		5,662
Quest Resource Corp. * (a)	1,485		3,950
Questar Corp.	4,362		178,493
Quicksilver Resources, Inc. *	4,030		79,109
RAM Energy Resources, Inc. *	2,776		8,023
Range Resources Corp.	3,825		163,978
Regency Energy Partners LP	1,459		26,758
Rex Energy Corp. *	1,006		15,855
Rosetta Resources, Inc. *	1,512		27,760
Rowan Companies, Inc.	2,792		85,296
RPC, Inc.	2,681		37,695
SandRidge Energy, Inc. *	3,673		71,991
Schlumberger, Ltd.	30,954		2,417,198
SEACOR Holdings, Inc. *	586		46,265
SemGroup Energy Partners LP	839		5,856
Smith International, Inc.	5,656		331,668
South Texas Oil Company *	898		1,805
Southwestern Energy Company *	8,714		266,126
Spectra Energy Corp.	16,180		385,084
Spectra Energy Partners LP * (a)	1,842		34,998
St. Mary Land & Exploration Company	1,590		56,684
Stone Energy Corp. *	1,051		44,489
SulphCo, Inc. * (a)	2,556		5,138
Sunoco Logistics Partners LP *	777		34,382
Sunoco, Inc.	3,011		107,131
SunPower Corp., Class A *	2,170		153,918
Superior Energy Services, Inc. *	2,065		64,304
Superior Well Services, Inc. *	793		20,071
Swift Energy Company *	781		30,217
T-3 Energy Services, Inc. *	348		12,918
Targa Resources Partners LP	1,188		20,220
TC Pipelines LP *	968		29,950
TEPPCO Partners LP	2,240		58,531
Tesoro Corp.	3,521		58,061
TETRA Technologies, Inc. *	2,058		28,503
Tidewater, Inc.	1,401		77,559
Toreador Resources Corp. * (a)	720		6,473
TransMontaigne Partners LP *	465		9,751
Transocean, Inc. *	8,031		882,125
Trico Marine Services, Inc. *	483		8,250
Tri-Valley Corp. * (a)	1,286		8,153
TXCO Resources, Inc. *	1,084		10,883

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Ultra Petroleum Corp. *	3,857	$	213,446
Union Drilling, Inc. *	846		8,959
Unit Corp. *	1,171		58,339
VAALCO Energy, Inc. *	2,317		15,848
Valero Energy Corp.	14,201		430,290
Venoco, Inc. *	1,317		17,121
VeraSun Energy Corp. * (a)	4,100		12,833
Verenium Corp. *	1,901		1,787
W&T Offshore, Inc.	1,982		54,089
Warren Resources, Inc. *	1,796		17,924
Weatherford International, Ltd. *	17,594		442,313
Western Refining, Inc.	1,771		17,905
Whiting Petroleum Corp. *	1,078		76,818
Williams Companies, Inc.	15,452		365,440
Williams Partners LP	1,292		33,398
XTO Energy, Inc.	12,412		577,406
			44,980,931
Financial - 16.90%
1st Source Corp.	841		19,763
Abington Bancorp, Inc.	1,444		14,613
Acadia Realty Trust, REIT	844		21,336
ACE, Ltd.	8,376		453,393
Advanta Corp., Class B	1,254		10,320
Aetna, Inc.	12,961		468,022
Affiliated Managers Group, Inc. *	756		62,635
AFLAC, Inc.	12,687		745,361
Alesco Financial, Inc., REIT	1,756		1,580
Alexander's, Inc., REIT *	133		53,200
Alexandria Real Estate Equities, Inc., REIT	782		87,975
Alleghany Corp. *	214		78,110
AllianceBernstein Holding LP *	2,201		81,459
Allied World Assurance Holdings, Ltd.	1,466		52,072
Allstate Corp.	14,724		679,071
AMB Property Corp., REIT	2,489		112,752
Ambac Financial Group, Inc.	2,630		6,128
AmCOMP, Inc. *	984		11,414
AMCORE Financial, Inc.	767		7,095
American Campus Communities, Inc., REIT	896		30,356
American Equity Investment Life Holding
Company	1,712		12,840
American Express Company	30,328		1,074,521
American Financial Group, Inc.	2,901		85,579
American International Group, Inc.	65,816		219,167
American National Insurance Company	692		59,740
American Physicians Capital, Inc.	371		15,704
American Safety Insurance Holdings, Ltd. *	597		9,021
AmeriCredit Corp. * (a)	3,015		30,542
Ameriprise Financial, Inc.	5,988		228,742
Amerisafe, Inc. *	724		13,177
Ampal American Israel Corp. *	1,959		6,053
Amtrust Financial Services, Inc.	1,599		21,730
Anchor BanCorp Wisconsin, Inc.	702		5,160
Annaly Capital Management, Inc., REIT	10,288		138,374
Anthracite Capital, Inc., REIT (a)	1,844		9,884
Anworth Mortgage Asset Corp., REIT	1,546		9,152
Aon Corp.	7,582		340,887

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

404

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Apartment Investment & Management
Company, Class A, REIT	2,705	$	94,729
Arbor Realty Trust, Inc., REIT (a)	617		6,170
Arch Capital Group, Ltd. *	1,697		123,932
Argo Group International Holdings, Ltd. *	821		30,254
Arrow Financial Corp.	721		21,205
Arthur J. Gallagher & Company	2,406		61,738
Ashford Hospitality Trust, Inc., REIT	3,419		13,847
Aspen Insurance Holdings, Ltd.	2,161		59,427
Asset Acceptance Capital Corp. *	1,236		13,027
Associated Banc Corp.	3,212		64,079
Assurant, Inc.	3,011		165,605
Assured Guaranty, Ltd.	2,036		33,105
Asta Funding, Inc. (a)	433		3,035
Astoria Financial Corp.	2,502		51,866
Avalon Bay Communities, Inc., REIT	2,034		200,186
Avatar Holdings, Inc. * (a)	260		8,580
Axis Capital Holdings, Ltd.	3,760		119,230
Baldwin & Lyons, Inc., Class B	672		16,108
BancFirst Corp.	455		21,990
Bancorp, Inc. *	669		3,345
BancorpSouth, Inc.	2,136		60,086
BancTrust Financial Group, Inc. (a)	916		12,018
Bank Granite Corp.	1,020		2,377
Bank Mutual Corp.	1,722		19,545
Bank of America Corp.	119,410		4,179,350
Bank of Hawaii Corp.	1,239		66,225
Bank of New York Mellon Corp.	29,514		961,566
Bank of the Ozarks, Inc.	614		16,578
BankAtlantic Bancorp, Inc., Class A (a)	0		0
BankAtlantic Bancorp, Inc. *	455		3,731
BankFinancial Corp.	957		14,049
BankUnited Financial Corp., Class A (a)	1,166		886
BB&T Corp.	14,182		536,080
Beneficial Mutual Bancorp, Inc. *	2,504		31,676
Berkshire Hathaway, Inc., Class A *	40		5,224,000
BGC Partners, Inc.	1,680		7,207
BioMed Realty Trust, Inc., REIT	1,716		45,388
BlackRock, Inc.	3,023		587,973
BOK Financial Corp.	1,714		82,975
Boston Private Financial Holdings, Inc.	1,054		9,212
Boston Properties, Inc., REIT	3,005		281,448
Brandywine Realty Trust, REIT	2,400		38,472
BRE Properties, Inc., Class A, REIT	1,300		63,700
Brookfield Properties Corp.	10,171		161,109
Brookline Bancorp, Inc.	2,189		27,997
Brown & Brown, Inc.	3,566		77,097
Bryn Mawr Bank Corp.	854		18,771
Cadence Financial Corp.	940		8,714
Calamos Asset Management, Inc.	622		11,146
Camden National Corp.	499		17,440
Camden Property Trust, REIT	1,414		64,846
Capital City Bank Group, Inc.	599		18,779
Capital Corp. of the West	575		2,277
Capital Lease Funding, Inc., REIT	1,728		13,703
Capital One Financial Corp.	10,768		549,168

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Capital Trust, Inc., Class A, REIT (a)	502	$	7,781
CapitalSource, Inc. (a)	5,416		66,617
Capitol Bancorp, Ltd. (a)	595		11,597
Capitol Federal Financial	2,030		89,990
Capstead Mortage Corp., REIT	1,068		11,695
Cardinal Financial Corp.	1,390		11,231
Care Investment Trust, Inc., REIT	989		11,354
Cascade Bancorp (a)	948		8,428
Cass Information Systems, Inc.	384		13,766
Castlepoint Holdings, Ltd.	1,289		14,347
Cathay General Bancorp, Inc.	1,376		32,749
CB Richard Ellis Group, Inc. *	5,806		77,626
CBL & Associates Properties, Inc., REIT	1,689		33,915
CBRE Realty Finance, Inc., REIT (a)	1,254		1,693
Cedar Shopping Centers, Inc., REIT	1,441		19,050
Center Financial Corp.	847		10,816
Centerline Holding Company	1,692		3,367
Centerstate Banks of Florida, Inc. (a)	899		16,065
Central Pacific Financial Corp.	972		16,339
CFS Bancorp, Inc.	1,017		9,407
Charles Schwab Corp.	30,051		781,326
Charter Financial Corp.	605		6,504
Chemical Financial Corp. (a)	741		23,075
Chimera Investment Corp.	988		6,135
Chubb Corp.	9,856		541,094
CIGNA Corp.	7,191		244,350
Cincinnati Financial Corp.	4,248		120,813
CIT Group, Inc.	4,933		34,334
Citigroup, Inc.	133,695		2,742,084
Citizens & Northern Corp.	1		22
Citizens Banking Corp.	2,283		7,032
Citizens, Inc., Class A * (a)	1,545		12,700
City Bank (a)	529		8,252
City Holding Company	508		21,463
City National Corp.	1,158		62,879
Clifton Savings Bancorp, Inc.	1,474		17,673
CME Group, Inc.	1,379		512,312
CNA Financial Corp.	7,052		185,044
CNA Surety Corp. *	1,221		20,391
CoBiz, Inc.	905		10,869
Cogdell Spencer, Inc., REIT	894		14,340
Cohen & Steers, Inc.	1,132		32,070
Colonial Bancgroup, Inc.	3,977		31,259
Colonial Properties Trust, REIT	1,286		24,035
Columbia Banking System, Inc.	583		10,337
Comerica, Inc.	3,787		124,176
Commerce Bancshares, Inc.	1,797		83,381
Community Bank Systems, Inc.	870		21,880
Community Trust Bancorp, Inc.	593		20,399
Compucredit Corp. * (a)	1,448		5,676
Conseco, Inc. *	4,945		17,406
Consolidated Tomoka Land Company	217		9,372
Corporate Office Properties Trust, REIT	1,205		48,622
Corus Bankshares, Inc. (a)	1,796		7,274
Cousins Properties, Inc., REIT (a)	1,407		35,499
Crawford & Company, Class B *	1,838		27,938

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

405

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Credit Acceptance Corp. *	927	$	15,759
Crystal River Capital, Inc., REIT (a)	759		1,533
Cullen Frost Bankers, Inc.	1,424		85,440
CVB Financial Corp.	2,459		34,180
Darwin Professional Underwriters, Inc. *	570		17,733
DCT Industrial Trust, Inc., REIT	4,610		34,529
Deerfield Capital Corp.	1,882		1,223
Delphi Financial Group, Inc.	1,279		35,863
Developers Diversified Realty Corp., REIT	3,141		99,538
DiamondRock Hospitality Company, REIT	2,532		23,041
Digital Realty Trust, Inc., REIT	1,639		77,443
Dime Community Bancorp, Inc.	1,168		17,777
Discover Financial Services	12,386		171,175
Donegal Group, Inc.	926		16,788
Doral Financial Corp. *	1,447		15,801
Douglas Emmett, Inc., REIT	2,848		65,703
Downey Financial Corp. (a)	762		2,134
Duff & Phelps Corp. *	1,022		21,493
Duke Realty Corp., REIT	3,666		90,110
DuPont Fabros Technology, Inc., REIT	857		13,069
E*TRADE Financial Corp. *	11,227		31,436
East West Bancorp, Inc. (a)	1,662		22,769
Eastern Insurance Holdings, Inc.	917		12,306
EastGroup Properties, Inc., REIT	669		32,473
Eaton Vance Corp.	3,185		112,208
Education Realty Trust, Inc., REIT	1,252		13,872
eHealth, Inc. *	703		11,248
EMC Insurance Group, Inc.	622		18,337
Employers Holdings, Inc.	1,379		23,967
Encore Bancshares, Inc. *	648		11,664
Endurance Specialty Holdings, Ltd.	1,542		47,679
Enstar Group, Ltd. *	311		30,279
Enterprise Financial Services Corp. (a)	552		12,453
Entertainment Properties Trust, REIT	756		41,368
Epoch Holding Corp.	769		8,113
Equity Lifestyle Properties, Inc., REIT	666		35,318
Equity One, Inc., REIT	1,930		39,546
Equity Residential, REIT	6,987		310,293
Erie Indemnity Company, Class A	1,406		59,432
Essex Property Trust, Inc., REIT	611		72,300
Everest Re Group, Ltd.	1,557		134,727
Extra Space Storage, Inc., REIT	1,859		28,554
EZCORP, Inc., Class A *	1,341		25,211
F.N.B. Corp.	2,559		40,893
Farmers Capital Bank Corp.	594		16,050
FBL Financial Group, Inc., Class A	856		23,874
FBR Capital Markets Corp. *	1,923		12,461
FCStone Group, Inc. *	733		13,187
Federal Agricultural Mortgage Corp., Class C	368		1,509
Federal Realty Investment Trust, REIT	1,397		119,583
Federated Investors, Inc., Class B	2,591		74,750
FelCor Lodging Trust, Inc., REIT	1,842		13,189
Fidelity National Financial, Inc., Class A	5,582		82,055
Fidelity National Information Services, Inc.	4,951		91,395
Fifth Third Bancorp	13,856		164,886
Financial Federal Corp.	702		16,090

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Financial Institutions, Inc.	780	$	15,608
First Acceptance Corp. *	1,937		6,586
First American Corp.	2,365		69,767
First BanCorp (PR) (a)	2,458		27,185
First Bancorp	675		11,542
First Busey Corp.	1,122		20,566
First Citizens Bancshares, Inc.	287		51,373
First Commonwealth Financial Corp. (a)	2,023		27,250
First Community Bancshares, Inc.	411		15,421
First Financial BanCorp	1,338		19,535
First Financial Bankshares, Inc.	573		29,727
First Financial Corp.	480		22,550
First Financial Northwest, Inc.	1,236		12,756
First Horizon National Corp.	3,368		31,525
First Industrial Realty Trust, Inc., REIT	1,172		33,613
First Merchants Corp.	667		15,208
First Midwest BanCorp, Inc.	1,286		31,173
First Niagara Financial Group, Inc.	3,141		49,471
First Place Financial Corp.	833		10,704
First Potomac Realty Trust, REIT	846		14,543
First Regional Bancorp *	587		3,669
First South Bancorp, Inc. (a)	610		10,535
First State Bancorp	845		4,512
FirstFed Financial Corp. *	411		3,222
FirstMerit Corp.	2,121		44,541
Flagstar Bancorp, Inc. (a)	1,882		5,608
Flagstone Reinsurance Holdings, Ltd.	2,210		22,697
Flushing Financial Corp.	860		15,050
Forest City Enterprises, Inc., Class A	2,651		81,306
Forestar Real Estate Group, Inc. *	884		13,039
Fortress Investment Group LLC, Class A (a)	10,605		111,352
FPIC Insurance Group, Inc. *	318		16,342
Franklin Resources, Inc.	6,375		561,829
Franklin Street Properties Corp., REIT	1,992		25,896
Fremont General Corp. *	2,499		250
Friedman, Billings, Ramsey Group, Inc. *	4,537		9,074
Frontier Financial Corp. (a)	1,279		17,177
Fulton Financial Corp.	4,582		49,990
GAMCO Investors, Inc.	774		45,898
General Growth Properties, Inc., REIT	6,306		95,221
Genworth Financial, Inc., Class A	11,291		97,216
Getty Realty Corp., REIT	735		16,295
GFI Group, Inc.	3,048		14,356
Glacier Bancorp, Inc.	1,502		37,205
Gladstone Commercial Corp., REIT	890		13,475
GLG Partners, Inc.	7,592		41,149
Glimcher Realty Trust, REIT	1,114		11,630
Goldman Sachs Group, Inc.	10,313		1,320,064
Gramercy Capital Corp., REIT	1,220		3,160
Greene County Bancshares, Inc.	477		11,214
Greenhill & Company, Inc. (a)	702		51,772
Greenlight Capital Re, Ltd. *	1,044		24,002
Grubb & Ellis Company	2,142		5,783
Guaranty Bancorp *	2,321		14,158
Guaranty Financial Group, Inc. * (a)	884		3,492
Hallmark Financial Services, Inc. *	757		6,881

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

406

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Hancock Holding Company	891	$	45,441
Hanmi Financial Corp.	1,540		7,777
Hanover Insurance Group, Inc.	1,354		61,634
Harleysville Group, Inc.	883		33,377
Harleysville National Corp.	1,225		20,800
Hartford Financial Services Group, Inc.	8,167		334,765
HCC Insurance Holdings, Inc.	2,847		76,869
HCP, Inc., REIT	5,568		223,444
Health Care, Inc., REIT	2,112		112,422
Healthcare Realty Trust, Inc., REIT	1,413		41,189
Heartland Financial USA, Inc. (a)	653		16,364
Heritage Commerce Corp.	670		10,197
Hersha Hospitality Trust, REIT	1,508		11,220
Highwoods Properties, Inc., REIT	1,491		53,020
Hilb, Rogal and Hamilton Company	952		44,496
Hilltop Holdings, Inc. *	1,628		16,801
Home Bancshares, Inc.	768		19,868
Home Federal Bancorp, Inc.	1,053		13,426
Home Properties, Inc., REIT	847		49,084
Horace Mann Educators Corp.	1,144		14,723
Hospitality Properties Trust, REIT	2,329		47,791
Host Hotels & Resorts, Inc., REIT	13,441		178,631
HRPT Properties Trust, REIT	6,008		41,395
Hudson City Bancorp, Inc.	13,432		247,820
Humana, Inc. *	4,297		177,036
Huntington BancShares, Inc.	9,388		75,010
IBERIABANK Corp.	382		20,189
Independence Holding Company	817		9,436
Independent Bank Corp. (MI)	984		6,091
Independent Bank Corp.	556		17,331
IndyMac Bancorp, Inc. (a)	2,087		334
Infinity Property & Casualty Corp.	486		20,023
Inland Real Estate Corp., REIT	1,866		29,278
Integra Bank Corp.	933		7,445
Interactive Brokers Group, Inc. *	1,075		23,833
IntercontinentalExchange, Inc. *	1,780		143,610
International Assets Holding Corp. *	341		8,222
International Bancshares Corp.	1,892		51,084
Invesco, Ltd.	10,796		226,500
Investment Technology Group, Inc. *	1,146		34,873
Investors Real Estate Trust, SBI, REIT	1,909		21,362
IPC Holdings, Ltd.	1,526		46,100
Irwin Financial Corp.	1,408		5,562
iStar Financial, Inc., REIT (a)	3,179		8,265
Janus Capital Group, Inc.	4,410		107,075
Jefferies Group, Inc. (a)	3,225		72,240
Jer Investors Trust, Inc., REIT (a)	876		4,222
JMP Group, Inc.	1,060		5,512
Jones Lang LaSalle, Inc.	945		41,089
JPMorgan Chase & Company	88,438		4,130,055
Kansas City Life Insurance Company	406		18,676
KBW, Inc. *	793		26,121
Kearny Financial Corp.	2,262		27,687
KeyCorp	10,058		120,093
Kilroy Realty Corp., REIT	826		39,475
Kimco Realty Corp., REIT	6,468		238,928

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Kite Realty Group Trust, REIT	1,014	$	11,154
KKR Financial Holdings LLC	2,952		18,775
Knight Capital Group, Inc. *	2,673		39,721
LaBranche & Company, Inc. *	2,028		9,126
Ladenburg Thalmann Financial Services, Inc. *	5,311		9,560
Lakeland Bancorp, Inc.	1,051		12,286
Lakeland Financial Corp.	580		12,737
LandAmerica Financial Group, Inc.	447		10,840
LaSalle Hotel Properties, REIT	1,115		26,002
Lazard, Ltd., Class A	1,301		55,631
Legg Mason, Inc.	3,378		128,567
Lexington Corporate Property Trust, REIT	1,878		32,339
Liberty Property Trust, REIT	2,328		87,649
Life Partners Holdings, Inc.	384		13,812
Lincoln National Corp.	6,979		298,771
Loews Corp.	13,756		543,224
LTC Properties, Inc., REIT	686		20,114
M&T Bank Corp.	2,717		242,492
Macatawa Bank Corp. (a)	853		5,962
Mack-California Realty Corp., REIT	1,705		57,748
Maguire Properties, Inc., REIT	1,276		7,605
MainSource Financial Group, Inc.	928		18,189
Markel Corp. *	256		89,984
MarketAxess Holdings, Inc. *	1,066		8,603
Marsh & McLennan Companies, Inc.	13,992		444,386
Marshall & Ilsley Corp.	6,816		137,342
Max Re Capital, Ltd.	1,467		34,078
MB Financial, Inc.	1,047		34,624
MBIA, Inc.	3,412		40,603
Meadowbrook Insurance Group, Inc.	3,337		23,559
Medical Properties Trust, Inc., REIT	1,424		16,162
Mercury General Corp.	1,379		75,500
Merrill Lynch & Company, Inc.	22,286		563,836
Meruelo Maddux Properties, Inc. *	2,531		3,088
MetLife, Inc.	19,185		1,074,360
MF Global, Ltd. *	3,054		13,254
MFA Mortgage Investments, Inc., REIT	3,159		20,533
MGIC Investment Corp.	2,204		15,494
Mid-America Apartment Communities, Inc.,
REIT	724		35,577
Midwest Banc Holdings, Inc.	1,110		4,440
Monmouth Real Estate Investment Corp.	1,865		14,528
Montpelier Re Holdings, Ltd.	2,562		42,299
Morgan Stanley	27,446		631,258
Nara Bancorp, Inc.	1,101		12,331
NASB Financial, Inc.	392		12,736
Nasdaq Stock Market, Inc. *	2,969		90,762
National City Corp. (a)	16,591		29,034
National Financial Partners Corp. (a)	1,009		15,135
National Health Investments, Inc., REIT	756		25,840
National Interstate Corp.	566		13,601
National Penn Bancshares, Inc. (a)	2,406		35,128
National Retail Properties, Inc., REIT	1,821		43,613
National Western Life Insurance Company,
Class A	126		30,501
Nationwide Financial Services, Inc., Class A	3,596		177,391
Nationwide Health Properties, Inc., REIT	2,355		84,733

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

407

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Navigators Group, Inc. *	512	$	29,696
NBT Bancorp, Inc.	926		27,706
Nelnet, Inc., Class A	1,614		22,919
New York Community Bancorp, Inc.	8,305		139,441
NewAlliance Bancshares, Inc.	3,321		49,915
Newcastle Investment Corp., REIT (a)	1,384		8,788
NewStar Financial, Inc. *	1,169		9,457
NexCen Brands, Inc. *	1,568		439
Northeast Community Bancorp, Inc.	895		7,160
Northern Trust Corp.	5,677		409,879
Northfield Bancorp, Inc. *	1,439		17,426
NorthStar Realty Finance Corp., REIT (a)	1,799		13,942
Northwest Bancorp, Inc. (a)	1,418		39,052
NYMAGIC, Inc.	422		10,655
NYSE Euronext	6,910		270,734
OceanFirst Financial Corp.	892		16,163
Och-Ziff Capital Management Group LLC.,
Class A (a)	9,207		107,630
Ocwen Financial Corp. *	1,880		15,134
Odyssey Re Holdings Corp.	1,850		81,030
Old National Bancorp	1,870		37,437
Old Republic International Corp.	6,055		77,201
Omega Healthcare Investors, REIT	1,841		36,194
OneBeacon Insurance Group, Ltd.	2,717		57,465
optionsXpress Holdings, Inc.	1,655		32,140
Oriental Financial Group, Inc.	824		14,717
Oritani Financial Corp. *	1,515		25,528
Pacific Capital Bancorp	1,300		26,455
PacWest Bancorp	829		23,701
Park National Corp.	426		33,228
Parkway Properties, Inc., REIT	470		17,794
PartnerRe, Ltd.	1,337		91,036
Peapack Gladstone Financial Corp.	661		22,144
Pennsylvania Real Estate
Investment Trust, REIT	1,017		19,170
Penson Worldwide, Inc. *	779		10,805
Peoples Bancorp, Inc.	533		11,603
People's United Financial, Inc.	7,700		148,225
PFF Bancorp, Inc.	832		1,040
Philadelphia Consolidated Holding Corp. *	1,859		108,882
Phoenix Companies, Inc.	3,145		29,060
Pinnacle Financial Partners, Inc. *	535		16,478
Piper Jaffray Companies, Inc. *	526		22,750
Platinum Underwriters Holdings, Ltd.	1,381		48,998
PMA Capital Corp., Class A *	1,380		12,172
PMI Group, Inc.	2,291		6,758
PNC Financial Services Group, Inc.	8,727		651,907
Popular, Inc.	7,255		60,144
Portfolio Recovery Associates, Inc. * (a)	426		20,716
Post Properties, Inc., REIT	1,149		32,138
PremierWest Bancorp	1,126		9,087
Presidential Life Corp.	910		14,369
Primus Guaranty, Ltd. *	1,458		3,820
Principal Financial Group, Inc.	6,753		293,688
PrivateBancorp, Inc. (a)	603		25,121
ProAssurance Corp. *	868		48,608
Progressive Corp.	18,061		314,261

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
ProLogis, REIT	6,583	$	271,680
Prosperity Bancshares, Inc.	1,185		40,278
Protective Life Corp.	1,735		49,465
Provident Bankshares Corp.	1,083		10,516
Provident Financial Services, Inc.	1,890		31,204
Provident New York Bancorp	1,368		18,085
Prudential Financial, Inc.	11,738		845,136
PS Business Parks, Inc., REIT	664		38,246
Public Storage, Inc., REIT	4,387		434,357
Pzena Investment Management, Inc.	1,855		17,585
Radian Group, Inc.	2,280		11,491
RAIT Financial Trust, REIT (a)	1,775		9,745
Ramco-Gershenson Properties Trust, REIT	564		12,645
Raymond James Financial, Inc.	3,069		101,216
Reading International, Inc. *	1,170		7,956
Realty Income Corp., REIT	2,541		65,050
Redwood Trust, Inc., REIT	756		16,428
Regency Centers Corp., REIT	1,726		115,107
Regions Financial Corp.	17,951		172,330
Reinsurance Group of America, Inc. *	1,558		84,132
RenaissanceRe Holdings, Ltd.	1,742		90,584
Renasant Corp.	750		16,283
Republic Bancorp, Inc., Class A	764		23,164
Resource Capital Corp., REIT	1,026		6,218
RLI Corp.	627		38,930
Rockville Financial, Inc.	1,128		17,766
Roma Financial Corp. (a)	1,136		16,756
Royal Bank of Canada	867		41,633
S & T Bancorp, Inc.	692		25,486
Safety Insurance Group, Inc.	517		19,610
Sanders Morris Harris Group, Inc.	1,270		10,986
Sandy Spring Bancorp, Inc.	579		12,796
Santander Bancorp	1,507		16,276
Saul Centers, Inc., REIT	463		23,400
SCBT Financial Corp.	433		16,281
SeaBright Insurance Holdings, Inc. *	879		11,427
Seacoast Banking Corp. of Florida (a)	814		8,734
Selective Insurance Group, Inc.	1,482		33,967
Senior Housing Properties Trust, REIT	2,164		51,568
Shore Bancshares, Inc. (a)	690		17,733
Signature Bank *	871		30,380
Simmons First National Corp., Class A	545		19,402
Simon Property Group, Inc., REIT	5,753		558,041
SL Green Realty Corp., REIT	1,513		98,042
SLM Corp. *	10,723		132,322
Smithtown Bancorp, Inc. (a)	703		15,818
Southside Bancshares, Inc.	642		16,178
Sovereign Bancorp, Inc.	12,440		49,138
Sovran Self Storage, Inc., REIT	626		27,976
Stancorp Financial Group, Inc.	1,249		64,948
State Auto Financial Corp.	1,162		33,779
State Bancorp, Inc.	1,046		15,585
State Street Corp.	10,000		568,800
StellarOne Corp.	825		17,053
Sterling Bancorp	970		14,026
Sterling Bancshares, Inc.	2,005		20,952

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

408

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Sterling Financial Corp.	1,486	$	21,547
Stewart Information Services Corp.	568		16,898
Stifel Financial Corp. *	690		34,431
Strategic Hotel & Resorts, Inc., REIT	2,023		15,274
Stratus Properties, Inc. *	332		9,137
Student Loan Corp.	525		48,825
Suffolk Bancorp	471		18,562
Sun Bancorp, Inc. of New Jersey *	1,134		15,366
Sun Communities, Inc., REIT	686		13,590
Sunstone Hotel Investors, Inc., REIT	1,717		23,180
SunTrust Banks, Inc.	8,980		404,010
Superior Bancorp *	456		3,853
Susquehanna Bancshares, Inc.	2,359		46,048
SVB Financial Group *	861		49,869
SWS Group, Inc.	871		17,559
Syncora Holdings, Ltd. *	1,776		2,327
Synovus Financial Corp.	8,441		87,364
T. Rowe Price Group, Inc.	6,861		368,504
Tanger Factory Outlet Centers, Inc., REIT	831		36,389
Taubman Centers, Inc., REIT	1,334		66,700
Taylor Capital Group, Inc.	532		6,379
TCF Financial Corp.	3,221		57,978
TD Ameritrade Holding Corp. *	15,582		252,428
Texas Capital Bancshares, Inc. *	861		17,874
TFS Financial Corp.	8,762		109,700
The Blackstone Group LP	6,676		102,410
The First Marblehead Corp. (a)	2,453		6,108
The Macerich Company, REIT	1,839		117,052
The South Financial Group, Inc.	2,151		15,767
The St. Joe Company * (a)	1,933		75,561
The Travelers Companies, Inc.	16,690		754,388
Thomas Properties Group, Inc.	898		9,070
Thomas Weisel Partners Group, Inc. *	884		7,452
Thornburg Mortgage, Inc., REIT * (a)	0		0
Thornburg Mortgage, Inc. *	348		609
Tierone Corp.	614		3,150
Tompkins Trustco, Inc.	354		17,877
Torchmark Corp.	2,312		138,258
Tower Group, Inc.	701		16,516
TowneBank/Portsmouth VA	846		18,612
Tradestation Group, Inc. *	1,306		12,211
Transatlantic Holdings, Inc.	1,700		92,395
Trico Bancshares	759		16,341
TrustCo Bank Corp., NY (a)	2,123		24,860
Trustmark Corp.	1,569		32,541
U.S. Bancorp	44,680		1,609,374
U.S. Global Investors, Inc.	504		5,065
UCBH Holdings, Inc.	2,882		18,474
UDR, Inc., REIT	3,504		91,630
UMB Financial Corp.	1,131		59,400
Umpqua Holdings Corp. (a)	1,696		24,948
UnionBanCal Corp.	3,475		254,683
United America Indemnity, Ltd. *	1,229		17,489
United Bankshares, Inc.	1,213		42,455
United Capital Corp. *	431		11,417
United Community Banks, Inc. (a)	1,380		18,293

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
United Community Financial Corp.	1,693	$	8,465
United Financial Bancorp, Inc.	1,321		19,617
United Fire & Casualty Company	756		21,614
United Security Bancshares	595		9,734
Unitrin, Inc.	1,687		42,074
Universal American Financial Corp. *	1,978		24,112
Universal Health Realty Income Trust, REIT	413		16,066
Univest Corp. of Pennsylvania	535		19,795
Unum Group	9,293		233,254
Urstadt Biddle Properties, Inc., REIT	987		16,651
U-Store-It Trust, REIT	1,894		23,239
Validus Holdings, Ltd.	1,863		43,315
Valley National Bancorp (a)	3,307		69,315
Ventas, Inc., REIT	3,455		170,746
ViewPoint Financial Group	1,116		19,530
Virginia Commerce Bancorp, Inc. *	1,075		6,719
Vornado Realty Trust, REIT	3,895		354,250
W. P. Carey & Company LLC	1,048		27,353
W.R. Berkley Corp.	4,629		109,013
Wachovia Corp.	51,463		180,121
Waddell & Reed Financial, Inc., Class A	2,163		53,534
Washington Federal, Inc.	2,272		41,918
Washington Real Estate Investment Trust	1,219		44,652
Washington Trust Bancorp, Inc.	577		15,348
Waterstone Financial, Inc. * (a)	1,148		11,216
Webster Financial Corp.	1,461		36,890
Weingarten Realty Investors, REIT	2,159		77,012
Wells Fargo & Company	87,733		3,292,619
WesBanco, Inc.	823		21,908
Wesco Financial Corp.	187		66,759
West Bancorp. (a)	1,021		13,304
WestAmerica Bancorp	794		45,679
Western Alliance Bancorp *	806		12,461
Westfield Financial, Inc.	1,601		16,490
Westwood Holdings Group, Inc.	310		14,694
White Mountains Insurance Group, Ltd.	262		123,074
Whitney Holding Corp.	1,815		44,014
Wilmington Trust Corp.	1,731		49,905
Wilshire Bancorp, Inc.	1,210		14,726
Winthrop Realty Trust, REIT	2,234		8,713
Wintrust Financial Corp.	708		20,780
World Acceptance Corp. *	550		19,800
WP Stewart & Company, Ltd. * (a)	1,794		2,081
WSFS Financial Corp.	265		15,900
XL Capital, Ltd., Class A	4,608		82,668
Zenith National Insurance Corp.	955		34,991
Zions Bancorp (a)	2,745		106,232
			64,233,967
Industrial - 10.88%
3M Company	18,658		1,274,528
A. M. Castle & Company	563		9,729
A.O. Smith Corp.	828		32,449
Aaon, Inc.	712		12,951
AAR Corp. *	1,067		17,702
Actuant Corp., Class A	1,452		36,648
Acuity Brands, Inc.	1,068		44,600

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

409

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Advanced Battery Technologies, Inc. * (a)	1,738	$	5,614
Advanced Energy Industries, Inc. *	1,319		18,044
Aecom Technology Corp. *	2,543		62,151
AEP Industries, Inc. *	343		6,860
Aerovironment, Inc. *	672		21,470
AGCO Corp. *	2,352		100,219
Air Transport Services Group Inc *	2,265		1,676
Aircastle, Ltd.	1,899		18,819
Alamo Group, Inc.	564		9,616
Albany International Corp., Class A	811		22,165
Alexander & Baldwin, Inc.	1,098		48,345
Alliant Techsystems, Inc. *	808		75,903
Allied Waste Industries, Inc. *	9,253		102,801
Altra Holdings, Inc. *	911		13,446
AMERCO, Inc. * (a)	538		22,558
American Commercial Lines, Inc. *	1,353		14,396
American Ecology Corp.	620		17,155
American Railcar Industries, Inc. (a)	744		11,934
American Science & Engineering, Inc.	258		15,410
American Superconductor Corp. * (a)	1,173		27,648
Ameron International Corp.	240		17,196
AMETEK, Inc.	2,709		110,446
Ampco-Pittsburgh Corp.	389		10,075
Amphenol Corp., Class A	4,596		184,483
Analogic Corp.	354		17,615
Apogee Enterprises, Inc.	889		13,362
Applied Biosystems, Inc.	4,256		145,768
Applied Energetics, Inc. * (a)	2,707		2,301
Applied Industrial Technologies, Inc.	1,173		31,589
AptarGroup, Inc.	1,784		69,772
Argon ST, Inc. *	746		17,524
Arkansas Best Corp.	772		26,009
Armstrong World Industries, Inc. *	1,454		42,021
Arrow Electronics, Inc. *	3,158		82,803
Astec Industries, Inc. *	649		20,009
Astronics Corp. *	269		6,066
Atlas Air Worldwide Holdings, Inc. *	611		24,629
Avnet, Inc. *	3,840		94,579
AVX Corp.	4,577		46,640
Axsys Technologies, Inc. *	322		18,979
AZZ, Inc. *	360		14,893
Badger Meter, Inc.	399		18,733
Baldor Electric Company	1,202		34,630
Ball Corp.	2,539		100,265
Barnes Group, Inc.	1,377		27,843
BE Aerospace, Inc. *	2,405		38,071
Bel Fuse, Inc., Class B	449		12,783
Belden, Inc.	1,172		37,258
Bemis Company, Inc.	2,520		66,049
Benchmark Electronics, Inc. *	1,932		27,203
Black & Decker Corp.	1,586		96,349
Blount International, Inc. *	1,314		14,625
Boeing Company	20,090		1,152,161
Briggs & Stratton Corp.	1,438		23,267
Brinks Company	1,233		75,238
Bristow Group, Inc. *	627		21,218

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Bucyrus International, Inc., Class A	1,886	$	84,266
Builders FirstSource, Inc. * (a)	1,137		6,811
Burlington Northern Santa Fe Corp.	9,051		836,584
Bway Holding Company *	932		10,932
C.H. Robinson Worldwide, Inc.	4,367		222,542
Calgon Carbon Corp. *	1,130		23,007
Capital Product Partners LP	695		7,562
Carlisle Companies, Inc.	1,608		48,192
Cascade Corp.	360		15,772
Casella Waste Systems, Inc., Class A *	938		11,012
Caterpillar, Inc.	16,692		994,843
Celadon Group, Inc. *	960		11,011
Ceradyne, Inc. *	717		26,285
Chart Industries, Inc. *	753		21,506
Chase Corp.	415		5,187
Checkpoint Systems, Inc. *	1,166		21,944
Circor International, Inc.	459		19,934
Clarcor, Inc.	1,310		49,714
Clean Harbors, Inc. *	523		35,329
Cognex Corp.	1,302		26,248
Columbus McKinnon Corp. *	529		12,469
Comfort Systems USA, Inc.	1,174		15,685
Commercial Metals Company	3,049		51,498
Con-way, Inc.	1,121		49,447
Cooper Industries, Ltd., Class A	8,237		329,068
Crane Company	1,567		46,556
Crown Holdings, Inc. *	4,118		91,461
CSX Corp.	10,839		591,484
CTS Corp.	1,359		17,368
Cubic Corp.	759		18,664
Cummins, Inc.	5,279		230,798
Curtiss-Wright Corp.	1,159		52,677
Cymer, Inc. *	818		20,720
Daktronics, Inc.	1,186		19,759
Danaher Corp.	8,171		567,067
Darling International, Inc. *	2,134		23,709
Deere & Company	11,401		564,349
Dionex Corp. *	523		33,237
Dolby Laboratories, Inc., Class A *	2,843		100,045
Donaldson Company, Inc.	2,046		85,748
Dover Corp.	5,075		205,791
Drew Industries, Inc. *	580		9,924
DRS Technologies, Inc.	1,045		80,204
Ducommun, Inc.	360		8,597
DXP Enterprises, Inc. *	214		11,408
Dycom Industries, Inc. *	1,168		15,207
Dynamex, Inc. *	463		13,177
Dynamic Materials Corp.	318		7,381
Eagle Bulk Shipping, Inc.	1,242		17,313
Eagle Materials, Inc.	1,118		25,010
Eastman Kodak Company	7,354		113,105
Eaton Corp.	3,766		211,574
Electro Scientific Industries, Inc. *	968		13,765
EMCOR Group, Inc. *	1,730		45,534
Emerson Electric Company	20,549		838,194
Encore Wire Corp.	728		13,184

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

410

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Energizer Holdings, Inc. *	1,457	$	117,361
Energy Conversion Devices, Inc. *	1,066		62,094
EnergySolutions, Inc.	2,232		22,320
Enersys *	1,306		25,741
ENGlobal Corp. * (a)	883		11,717
EnPro Industries, Inc. *	656		24,377
ESCO Technologies, Inc. *	710		34,201
Esterline Technologies Corp. *	772		30,563
Excel Maritime Carriers, Ltd.	528		7,962
Expeditors International of Washington, Inc.	5,528		192,595
FARO Technologies, Inc. *	531		10,816
Federal Signal Corp.	1,474		20,194
FedEx Corp.	7,871		622,124
FEI Company *	1,021		24,310
FLIR Systems, Inc. *	3,460		132,933
Flow International Corp. *	1,391		7,066
Flowserve Corp.	1,467		130,226
Fluor Corp.	4,534		252,544
FMC Technologies, Inc. *	3,353		156,082
Forward Air Corp.	832		22,655
Foster Wheeler, Ltd. *	3,722		134,401
Franklin Electric, Inc. (a)	719		32,031
Freightcar America, Inc.	389		11,386
Fuel Tech, Inc. * (a)	720		13,025
Gardner Denver, Inc. *	1,364		47,358
Garmin, Ltd. *	5,587		189,623
GATX Corp.	1,238		48,988
Gehl Company *	482		14,185
Genco Shipping & Trading, Ltd.	757		25,163
GenCorp, Inc. *	1,653		11,141
General Cable Corp. *	1,347		47,994
General Dynamics Corp.	10,406		766,090
General Electric Company	262,285		6,688,267
General Maritime Corp. (a)	820		15,974
Genesee & Wyoming, Inc., Class A *	998		37,445
GenTek, Inc. *	445		11,441
Gentex Corp.	3,759		53,754
Gerber Scientific, Inc. *	1,075		9,825
Goodrich Corp.	3,182		132,371
Gorman-Rupp Company	515		19,426
Graco, Inc.	1,595		56,798
GrafTech International, Ltd. *	2,745		41,477
Granite Construction, Inc.	1,070		38,327
Graphic Packaging Holding Company *	6,396		15,990
Greatbatch, Inc. *	686		16,834
Greenbrier Company, Inc. (a)	617		12,038
Greif, Inc., Class A	1,220		80,056
Griffon Corp. *	878		7,920
GulfMark Offshore, Inc. *	671		30,114
Hardinge, Inc.	521		6,617
Harsco Corp.	2,159		80,293
Haynes International, Inc. *	347		16,250
Heartland Express, Inc.	2,649		41,112
HEICO Corp., Class A	738		20,708
Herley Industries, Inc. *	997		17,049
Hexcel Corp. *	2,453		33,582

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Honeywell International, Inc.	19,407	$	806,361
Horizon Lines, Inc.	920		9,080
Hub Group, Inc., Class A *	1,073		40,398
Hubbell, Inc., Class B	1,495		52,400
Hurco Companies, Inc. *	230		6,801
ICx Technologies, Inc. *	1,324		10,208
IDEX Corp.	2,055		63,746
II-VI, Inc. *	797		30,812
Illinois Tool Works, Inc.	14,059		624,923
Ingersoll-Rand Company, Ltd., Class A	8,147		253,942
Innovative Solutions & Support, Inc. *	612		3,341
Insituform Technologies, Inc., Class A *	910		13,614
Integrated Electrical Services, Inc. *	564		9,904
Interline Brands, Inc. *	979		15,870
Intermec, Inc. *	1,653		32,465
Intevac, Inc. *	690		7,342
iRobot Corp. * (a)	742		10,996
Itron, Inc. *	796		70,470
ITT Corp.	4,655		258,865
J.B. Hunt Transport Services, Inc.	3,245		108,286
Jabil Circuit, Inc.	5,344		50,982
Jacobs Engineering Group, Inc. *	3,094		168,035
John Bean Technologies Corp. *	724		9,166
Joy Global, Inc.	2,784		125,670
Kadant, Inc. *	468		10,656
Kaman Corp., Class A	675		19,224
Kansas City Southern *	1,987		88,143
Kaydon Corp.	731		32,939
KBR, Inc.	4,349		66,409
Keithley Instruments, Inc.	970		8,119
Kemet Corp. *	2,827		3,845
Kennametal, Inc.	1,970		53,426
Key Technology, Inc. *	241		5,712
Kirby Corp. *	1,347		51,105
KLA-Tencor Corp.	4,638		146,793
Knight Transportation, Inc.	2,283		38,742
Koppers Holdings, Inc.	544		20,351
Kratos Defense & Security Solutions, Inc. *	3,455		6,806
K-Sea Transportation Partners LP	482		9,693
K-Tron International, Inc. *	112		14,429
L.B. Foster Company *	310		9,430
L-1 Identity Solutions, Inc. *	2,141		32,714
LaBarge, Inc. *	815		12,274
Ladish Company, Inc. *	464		9,396
Lancaster Colony Corp.	861		32,425
Landstar Systems, Inc.	1,385		61,023
Lawson Products, Inc.	428		11,834
Layne Christensen Company *	514		18,211
Leggett & Platt, Inc.	4,324		94,220
Lennox International, Inc.	1,658		55,162
Lincoln Electric Holdings, Inc.	1,117		71,834
Lindsay Corp.	308		22,407
Littelfuse, Inc. *	671		19,949
LMI Aerospace, Inc. *	414		8,326
Lockheed Martin Corp.	10,695		1,172,921
LSB Industries, Inc. *	587		8,130

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

411

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Manitowoc Company, Inc.	3,319	$	51,610
Marten Transport, Ltd. *	844		16,466
Martin Marietta Materials, Inc.	1,052		117,803
Martin Midstream Partners LP *	513		10,357
Masco Corp.	9,447		169,479
Matthews International Corp., Class A	854		43,332
McDermott International, Inc. *	5,818		148,650
Measurement Specialties, Inc. *	609		10,621
Medis Technologies, Ltd. * (a)	1,116		2,009
Metalico, Inc. * (a)	1,061		6,260
Methode Electronics, Inc.	1,087		9,718
Metropolitan Pro Corp.	1,203		17,552
Mettler-Toledo International, Inc. *	920		90,160
Michael Baker Corp. *	268		9,326
Middleby Corp. *	458		24,874
Mine Safety Appliances Company	945		36,023
Molex, Inc.	4,713		105,807
Moog, Inc., Class A *	1,122		48,111
Mueller Industries, Inc.	1,020		23,470
Mueller Water Products, Inc., Class B	3,078		20,007
Multi-Fineline Electronix, Inc. *	765		11,314
Myers Industries, Inc.	1,042		13,140
NACCO Industries, Inc., Class A	236		22,307
Nalco Holding Company	3,749		69,506
National Instruments Corp.	2,103		63,195
Navios Maritime Partners LP	838		6,327
NCI Building Systems, Inc. *	580		18,415
Nordson Corp.	900		44,199
Norfolk Southern Corp.	9,992		661,570
Northrop Grumman Corp.	8,722		528,030
Northwest Pipe Company *	324		14,133
OceanFreight, Inc.	499		6,722
Old Dominion Freight Lines, Inc. *	1,043		29,559
Orbital Sciences Corp., Class A *	1,606		38,496
OSG America LP	1,060		9,275
OSI Systems, Inc. *	625		14,694
Overseas Shipholding Group, Inc.	784		45,715
Owens Corning, Inc. *	3,355		80,218
Owens-Illinois, Inc. *	4,066		119,540
OYO Geospace Corp. *	209		8,209
Pacer International, Inc.	1,166		19,204
Packaging Corp. of America	2,644		61,288
Pactiv Corp. *	3,348		83,131
Pall Corp.	3,136		107,847
Park Electrochemical Corp.	605		14,665
Parker-Hannifin Corp.	4,347		230,391
Park-Ohio Holdings Corp. *	427		7,639
Patriot Transportation Holding, Inc. *	166		13,114
Pentair, Inc.	2,541		87,842
Perini Corp. *	762		19,652
PerkinElmer, Inc.	3,066		76,558
PHI, Inc. *	497		18,354
Plexus Corp. *	1,259		26,061
PMFG, Inc. *	552		7,998
Polypore International, Inc. *	1,099		23,639
Powell Industries, Inc. *	358		14,610

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Power-One, Inc. * (a)	3,350	$	4,857
PowerSecure International, Inc. *	674		4,084
Precision Castparts Corp.	3,543		279,118
Presstek, Inc. * (a)	1,622		9,148
Quanex Building Products Corp.	960		14,630
Quixote Corp.	691		5,666
Raven Industries, Inc.	515		20,265
RBC Bearings, Inc. *	587		19,776
Reddy Ice Holdings, Inc.	720		2,628
Regal-Beloit Corp.	881		37,460
Republic Services, Inc.	4,606		138,088
Robbins & Myers, Inc.	914		28,270
Rockwell Automation, Inc.	3,840		143,386
Rockwell Collins, Inc.	4,176		200,824
Rofin-Sinar Technologies, Inc. *	842		25,774
Rogers Corp. *	559		20,672
Roper Industries, Inc.	2,262		128,843
Ryder Systems, Inc.	1,463		90,706
Saia, Inc. *	560		7,437
Sauer-Danfoss, Inc.	1,421		35,084
Sealed Air Corp.	4,142		91,083
Shaw Group, Inc. *	2,074		63,734
Ship Finance International, Ltd.	1,754		37,816
Silgan Holdings, Inc.	1,000		51,090
Simpson Manufacturing Company, Inc. (a)	1,312		35,542
Sims Group, Ltd.	1,414		32,663
Snap-on, Inc.	1,463		77,042
Sonic Solutions *	988		4,347
Sonoco Products Company	2,545		75,536
Spirit Aerosystems Holdings, Inc., Class A *	3,633		58,382
SPX Corp.	1,343		103,411
Standex International Corp.	604		16,761
Stanley Works	2,096		87,487
Stanley, Inc. *	605		22,331
Stericycle, Inc. *	2,227		131,193
Sterling Construction Company, Inc. *	440		7,128
Stoneridge, Inc. *	1,083		12,184
Sturm Ruger & Company, Inc. *	898		6,232
Sun Hydraulics, Inc.	495		12,890
Sunpower Corp., Class B *	1,087		75,034
TAL International Group, Inc.	891		18,551
Taser International, Inc. *	1,705		12,191
TBS International, Ltd. *	750		10,095
Technitrol, Inc.	1,224		18,103
Tecumseh Products Company, Class A *	608		15,224
Teekay LNG Partners LP *	1,112		17,458
Teekay Shipping Corp.	1,811		47,774
Teledyne Technologies, Inc. *	916		52,359
Teleflex, Inc.	997		63,300
Tennant Company	507		17,370
Terex Corp. *	2,600		79,352
Texas Industries, Inc.	674		27,540
Textainer Group Holdings, Ltd.	1,273		19,337
Textron, Inc.	6,454		188,973
Thermo Fisher Scientific, Inc. *	10,870		597,850
Timken Company	2,438		69,117

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

412

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
TransDigm Group, Inc. *	1,224	$	41,898
Tredegar Industries, Inc.	1,158		20,601
TriMas Corp. *	1,226		8,043
Trinity Industries, Inc.	2,051		52,772
Triumph Group, Inc.	462		21,118
TTM Technologies, Inc. *	1,448		14,364
TurboChef Technologies, Inc. *	1,018		6,261
Tyco Electronics, Ltd.	12,860		355,708
Tyco International, Ltd.	12,791		447,941
U.S. Shipping Partners LP *	803		1,172
Ultralife Batteries, Inc. *	537		4,162
Union Pacific Corp.	13,580		966,353
United Parcel Service, Inc., Class B	27,206		1,710,985
United Technologies Corp.	25,820		1,550,749
Universal Display Corp. *	1,093		11,979
Universal Forest Products, Inc.	590		20,597
Universal Truckload Services, Inc. *	570		13,885
URS Corp. *	2,043		74,917
USG Corp. *	2,545		65,152
UTI Worldwide, Inc.	2,535		43,146
Valmont Industries, Inc.	675		55,816
Varian, Inc. *	802		34,406
Vicor Corp.	1,302		11,562
Vishay Intertechnology, Inc. *	4,903		32,458
Vulcan Materials Company	2,768		206,216
W.H. Brady Company, Class A	1,413		49,851
Wabtec Corp.	1,265		64,806
Waste Connections, Inc. *	1,643		56,355
Waste Management, Inc.	12,982		408,803
Waters Corp. *	2,564		149,173
Watts Water Technologies, Inc., Class A (a)	1,096		29,976
Werner Enterprises, Inc.	1,932		41,944
Woodward Governor Company	1,834		64,685
Worthington Industries, Inc.	2,158		32,240
X-Rite, Inc. *	1,267		4,460
YRC Worldwide, Inc. *	1,635		19,555
Zebra Technologies Corp., Class A *	1,796		50,019
Zygo Corp. *	922		11,599
			41,357,521
Technology - 10.38%
3D Systems Corp. * (a)	736		10,488
ACI Worldwide, Inc. *	1,062		18,606
Actel Corp. *	1,034		12,904
Actuate Corp. *	1,884		6,594
Acxiom Corp.	2,274		28,516
Adobe Systems, Inc. *	14,854		586,287
Advanced Analogic Technologies, Inc. *	1,668		7,756
Advanced Micro Devices, Inc. *	15,854		83,233
Advent Software, Inc. *	721		25,401
Affiliated Computer Services, Inc., Class A *	2,554		129,309
Agilent Technologies, Inc. *	10,046		297,964
Agilysys, Inc.	989		9,979
Allscripts Healthcare Solution, Inc. *	1,609		20,016
Altera Corp.	8,639		178,655
American Reprographics Company *	1,301		22,442
American Software, Inc., Class A	1,132		6,169

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Amkor Technology, Inc. *	4,864	$	30,984
Anadigics, Inc. *	1,721		4,836
Analog Devices, Inc.	7,952		209,535
ANSYS, Inc. *	2,334		88,389
Apple, Inc. *	22,726		2,583,037
Applied Materials, Inc.	35,807		541,760
Applied Micro Circuits Corp. *	2,195		13,126
Aspen Technology, Inc. *	2,401		30,493
Atmel Corp. *	12,229		41,456
ATMI, Inc. *	1,044		18,771
AuthenTec, Inc. *	822		1,767
Autodesk, Inc. *	5,979		200,595
Automatic Data Processing, Inc.	13,718		586,444
Avid Technology, Inc. * (a)	1,141		27,452
Axcelis Technologies, Inc. *	3,048		5,182
Blackbaud, Inc.	1,264		23,321
Blackboard, Inc. *	829		33,400
BMC Software, Inc. *	5,046		144,467
Bookham, Inc *	4,970		5,616
Borland Software Corp. * (a)	3,134		4,795
Bottomline Technologies, Inc. *	1,024		10,650
Broadcom Corp., Class A *	13,992		260,671
Broadridge Financial Solutions, Inc.	3,576		55,035
Brocade Communications Systems, Inc. *	10,202		59,376
Brooks Automation, Inc. *	2,030		16,971
CA, Inc.	13,347		266,406
Cabot Microelectronics Corp. *	638		20,467
CACI International, Inc., Class A *	783		39,228
Cadence Design Systems, Inc. *	6,922		46,793
Cavium Networks, Inc. *	1,101		15,502
Cerner Corp. *	2,063		92,092
Ceva, Inc. *	894		7,420
CIBER, Inc. *	2,213		15,469
Cirrus Logic, Inc. *	2,717		14,808
Citrix Systems, Inc. *	4,896		123,673
Cogent, Inc. *	2,647		27,052
Cognizant Technology Solutions Corp.,
Class A *	7,470		170,540
Cohu, Inc.	860		13,605
Commvault Systems, Inc. *	1,206		14,532
Computer Sciences Corp. *	4,414		177,399
Compuware Corp. *	7,589		73,537
COMSYS IT Partners, Inc. *	677		6,580
Concur Technologies, Inc. *	1,164		44,535
Cray, Inc. *	1,501		7,775
Cree, Inc. * (a)	2,268		51,665
CSG Systems International, Inc. *	1,097		19,230
Cypress Semiconductor Corp. *	3,963		20,687
Data Domain, Inc. *	1,510		33,628
Dell, Inc. *	58,060		956,829
Deltek, Inc. *	1,179		7,168
DemandTec, Inc. *	790		7,118
Diebold, Inc.	1,764		58,406
Digi International, Inc. *	954		9,731
Diodes, Inc. *	1,072		19,778
DivX, Inc. *	1,043		6,748

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

413

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
DMRC Corp. *	328	$	5,106
Dot Hill Systems Corp. *	2,270		5,108
Double-Take Software, Inc. *	778		7,741
DSP Group, Inc. *	1,003		7,673
DST Systems, Inc. *	1,550		86,785
Ebix, Inc. *	124		11,651
Echelon Corp. *	1,125		11,115
Eclipsys Corp. *	1,443		30,231
Electronic Arts, Inc. *	8,169		302,171
Electronics for Imaging, Inc. *	1,680		23,402
EMC Corp. *	54,477		651,545
Emcore Corp. * (a)	1,391		6,872
Emulex Corp. *	2,235		23,847
Entegris, Inc. *	3,322		16,078
Entropic Communications, Inc. *	2,036		2,871
Epicor Software Corp. *	1,620		12,782
EPIQ Systems, Inc. *	894		12,158
Exar Corp. *	1,674		12,823
FactSet Research Systems, Inc.	1,261		65,887
Fair Isaac Corp.	1,307		30,126
Fairchild Semiconductor International, Inc. *	3,413		30,342
Falconstor Software, Inc. *	1,665		8,924
First Solar, Inc. *	2,027		382,921
Fiserv, Inc. *	4,252		201,205
FormFactor, Inc. *	1,333		23,221
Furmanite Corp. *	1,112		11,498
Guidance Software, Inc. *	970		4,549
Hewlett-Packard Company	66,927		3,094,704
Hittite Microwave Corp. *	880		29,568
Hutchinson Technology, Inc. *	711		8,233
Igate Corp. *	1,701		14,748
IHS, Inc., Class A *	1,632		77,748
IKON Office Solutions, Inc.	3,331		56,660
Imation Corp.	1,152		26,024
Immersion Corp. *	939		5,465
IMS Health, Inc.	5,028		95,079
infoGROUP, Inc.	1,682		11,118
Innerworkings, Inc. *	1,379		15,293
Integral Systems, Inc. *	948		19,690
Integrated Device Technology, Inc. *	5,082		39,538
Integrated Silicon Solution, Inc. *	1,792		4,140
Intel Corp.	151,016		2,828,530
Interactive Intelligence, Inc. *	686		6,188
International Business Machines Corp.	35,436		4,144,595
International Rectifier Corp. *	1,846		35,111
Intersil Corp., Class A	3,383		56,090
Intuit, Inc. *	8,683		274,470
IPG Photonics Corp. *	1,203		23,471
Isilon Systems, Inc. *	1,888		8,326
IXYS Corp. *	1,392		12,653
Jack Henry & Associates, Inc.	2,347		47,715
JDA Software Group, Inc. *	836		12,716
Kopin Corp. *	3,819		11,915
Kulicke & Soffa Industries, Inc. *	1,889		8,519
L-3 Communications Holdings, Inc.	3,207		315,312
Lam Research Corp. *	3,178		100,075

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Lattice Semiconductor Corp. *	3,796	$	7,820
Lawson Software, Inc. *	4,832		33,824
Lexmark International, Inc. *	2,450		79,797
Limelight Networks, Inc. *	2,316		5,790
Linear Technology Corp.	5,590		171,389
Liveperson, Inc. *	1,928		5,610
LSI Logic Corp. *	18,438		98,828
LTX-Credence Corp. *	2,383		4,146
Magma Design Automation, Inc. *	1,280		5,146
Manhattan Associates, Inc. *	734		16,398
ManTech International Corp. *	917		54,369
Marvell Technology Group, Ltd. *	15,222		141,565
MasterCard, Inc., Class A	3,420		606,469
Mattson Technology, Inc. *	1,852		8,760
Maxwell Technologies, Inc. * (a)	1,109		14,794
MedAssets, Inc. *	1,175		20,210
MEMC Electronic Materials, Inc. *	5,919		167,271
Mentor Graphics Corp. *	2,461		27,932
Metavante Technologies, Inc. *	3,083		59,379
Micrel, Inc.	2,462		22,330
Microchip Technology, Inc.	5,504		161,983
Micron Technology, Inc. *	19,625		79,481
MICROS Systems, Inc. *	2,156		57,479
Microsemi Corp. *	2,047		52,158
Microsoft Corp.	243,391		6,496,106
MicroStrategy, Inc., Class A *	328		19,526
Microtune, Inc. *	1,931		5,175
Midway Games, Inc. * (a)	3,160		7,489
MIPS Technologies, Inc., Class A *	1,646		5,777
MKS Instruments, Inc. *	1,682		33,489
MoneyGram International, Inc.	2,449		3,478
Monolithic Power Systems, Inc. *	917		15,928
Monotype Imaging Holdings, Inc. *	1,009		11,230
MSC Software Corp. *	1,474		15,772
MSCI, Inc. *	2,566		61,584
MTS Systems Corp.	582		24,502
National Semiconductor Corp.	6,713		115,531
NCI, Inc. *	695		19,794
NCR Corp. *	4,604		101,518
NetApp, Inc. *	9,240		168,445
NETGEAR, Inc. *	980		14,700
Netlogic Microsystems, Inc. * (a)	647		19,565
Netscout Systems, Inc. *	1,170		12,449
Novell, Inc. *	9,230		47,442
Novellus Systems, Inc. *	2,968		58,292
Nuance Communications, Inc. *	4,816		58,707
NVIDIA Corp. *	14,433		154,577
Omnicell, Inc. *	885		11,638
Omniture, Inc. *	1,588		29,156
OmniVision Technologies, Inc. * (a)	1,492		17,024
ON Semiconductor Corp. *	10,473		70,797
Opnet Technologies, Inc. *	996		12,131
Oracle Corp. *	132,756		2,696,274
Palm, Inc. *	2,964		17,695
Parametric Technology Corp. *	2,995		55,108
PDF Solutions, Inc. *	1,208		6,282

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

414

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Pegasystems, Inc.	1,197	$	15,453
Pericom Semiconductor Corp. *	836		8,778
Perot Systems Corp., Class A *	3,415		59,250
Phase Forward, Inc. *	1,208		25,259
Phoenix Technology, Ltd. *	856		6,839
Photronics, Inc. *	1,284		2,414
Pitney Bowes, Inc.	5,540		184,260
PLX Technology, Inc. *	1,191		6,098
PMC-Sierra, Inc. *	6,217		46,130
Progress Software Corp. *	1,141		29,655
PROS Holdings, Inc. *	779		7,315
QAD, Inc.	1,331		9,211
QLogic Corp. *	3,593		55,188
Quality Systems, Inc.	804		33,977
Quantum Corp. *	6,775		7,114
Quest Software, Inc. *	2,702		34,288
Rackable Systems, Inc. *	1,013		9,938
Radiant Systems, Inc. *	1,129		9,811
RadiSys Corp. *	757		6,510
Rambus, Inc. *	2,781		35,736
Raytheon Company	11,090		593,426
Red Hat, Inc. *	4,997		75,305
Renaissance Learning, Inc.	998		12,964
Rimage Corp. *	490		6,840
Riverbed Technology, Inc. *	1,859		23,275
Rubicon Technology, Inc. *	544		3,928
Rudolph Technologies, Inc. *	1,038		8,698
Salesforce.com, Inc. *	3,030		146,652
SanDisk Corp. *	5,934		116,010
Schawk, Inc., Class A	983		14,863
Seachange International, Inc. *	1,248		12,056
Seagate Technology	13,764		166,820
SEI Investments Company	5,091		113,020
Semitool, Inc. *	1,231		10,070
Semtech Corp. *	1,758		24,542
SI International, Inc. *	529		15,896
Sigma Designs, Inc. *	720		10,238
Silicon Graphics, Inc. *	457		3,976
Silicon Image, Inc. *	2,649		14,146
Silicon Laboratories, Inc. *	1,429		43,870
Silicon Storage Technology, Inc. *	3,647		11,889
SiRF Technology Holdings, Inc. *	1,529		2,278
Skyworks Solutions, Inc. *	4,275		35,739
Smart Modular Technologies (WWH), Inc. *	1,749		5,247
Smith Micro Software, Inc. *	909		6,454
Solera Holdings, Inc. *	1,758		50,490
Spansion, Inc. *	3,917		6,071
SPSS, Inc. *	536		15,737
SRA International, Inc., Class A *	1,496		33,854
Standard Microsystems Corp. *	690		17,236
STEC, Inc. *	1,569		12,081
Stratasys, Inc. *	672		11,740
Sun Microsystems, Inc. *	22,199		168,712
Super Micro Computer, Inc. *	1,155		10,407
Sybase, Inc. *	2,339		71,620
Sykes Enterprises, Inc. *	1,248		27,406

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Technology (continued)
Synaptics, Inc. *	1,162	$	35,116
Synchronoss Technologies, Inc. *	882		8,300
SYNNEX Corp. *	989		22,094
Synopsys, Inc. *	3,751		74,832
Syntel, Inc.	1,101		26,975
Take-Two Interactive Software, Inc. *	1,949		31,964
Taleo Corp. *	717		14,261
Techwell, Inc. *	815		7,685
Teradata Corp. *	4,604		89,778
Teradyne, Inc. *	4,595		35,887
Tessera Technologies, Inc. *	1,247		20,376
Texas Instruments, Inc.	36,252		779,418
Thomas & Betts Corp. *	1,503		58,722
THQ, Inc. *	1,853		22,310
Tier Technologies Inc., Class B *	1,347		10,008
Total Systems Services, Inc.	5,110		83,804
Trident Microsystems, Inc. *	1,654		3,970
Trimble Navigation, Ltd. *	3,146		81,356
Triquint Semiconductor, Inc. *	3,843		18,408
Tyler Technologies, Inc. *	1,117		16,945
Ultimate Software Group, Inc. *	692		18,684
Ultratech, Inc. *	1,078		13,044
Unisys Corp. *	9,345		25,699
Varian Semiconductor Equipment Associates,
Inc. *	1,989		49,964
Veeco Instruments, Inc. *	1,061		15,713
VeriFone Holdings, Inc. *	2,166		35,826
Virage Logic Corp. *	1,293		7,629
Virtusa Corp. *	743		4,837
VMware, Inc. Class A *	9,861		262,697
Volterra Semiconductor Corp. *	927		11,801
Western Digital Corp. *	5,702		121,567
Wind River Systems, Inc. *	2,388		23,880
Xerox Corp.	23,962		276,282
Xilinx, Inc.	7,524		176,438
Zoran Corp. *	1,517		12,379
			39,468,713
Utilities - 3.07%
AES Corp. *	17,396		203,359
AGL Resources, Inc.	1,862		58,430
Allegheny Energy, Inc.	4,307		158,368
Allete, Inc.	874		38,893
Alliant Energy Corp.	2,836		91,348
Ameren Corp.	5,285		206,274
American Electric Power Company, Inc.	10,178		376,891
American States Water Company	497		19,134
Aqua America, Inc. (a)	3,301		58,692
Artesian Resources Corp., Class A	1,027		17,387
Atmos Energy Corp.	2,181		58,058
Avista Corp.	1,662		36,082
Black Hills Corp.	1,006		31,256
California Water Service Group (a)	571		21,984
CenterPoint Energy, Inc.	8,158		118,862
Central Vermont Public Service Corp.	435		10,196
Cleco Corp.	1,622		40,955
CMS Energy Corp.	5,786		72,151

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

415

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Total Stock Market Index Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
Connecticut Water Service, Inc.	941	$	27,242
Consolidated Edison, Inc.	6,921		297,326
Constellation Energy Group, Inc.	4,703		114,283
Dominion Resources, Inc.	14,846		635,112
DPL, Inc.	2,910		72,168
DTE Energy Company	4,144		166,257
Dynegy, Inc., Class A *	21,718		77,750
Edison International	8,418		335,878
El Paso Electric Company *	1,474		30,954
El Paso Pipeline Partners LP	2,176		34,968
Empire District Electric Company	1,024		21,862
Energen Corp.	1,787		80,915
EnergySouth, Inc.	305		18,736
EnerNOC, Inc. *	537		5,553
Entergy Corp.	5,062		450,569
Exelon Corp.	17,144		1,073,557
FirstEnergy Corp.	7,891		528,618
FPL Group, Inc.	10,480		527,144
Great Plains Energy, Inc.	3,147		69,926
Hawaiian Electric Industries, Inc.	2,308		67,186
IDACORP, Inc.	1,276		37,119
Integrys Energy Group, Inc.	1,867		93,238
ITC Holdings Corp.	1,135		58,759
MDU Resources Group, Inc.	4,541		131,689
MGE Energy, Inc.	740		26,307
Middlesex Water Company	1,027		17,942
Mirant Corp. *	6,596		120,641
New Jersey Resources Corp.	1,075		38,582
Nicor, Inc.	1,052		46,656
NiSource, Inc.	6,896		101,785
Northeast Utilities	3,975		101,959
Northwest Natural Gas Company	734		38,168
NorthWestern Corp.	1,137		28,573
NRG Energy, Inc. *	6,219		153,920
NSTAR	2,721		91,154
OGE Energy Corp.	2,352		72,630
ONEOK, Inc.	2,602		89,509
Ormat Technologies, Inc.	1,154		41,925
Otter Tail Corp. (a)	884		27,165
Pepco Holdings, Inc.	5,121		117,322
PG&E Corp.	9,037		338,436
PICO Holdings, Inc. *	508		18,242
Piedmont Natural Gas, Inc. (a)	1,919		61,331
Pike Electric Corp. *	989		14,568
Pinnacle West Capital Corp.	2,509		86,335
PNM Resources, Inc.	2,144		21,955
Portland General Electric Company	1,686		39,891
PPL Corp.	9,640		356,873
Progress Energy, Inc.	6,585		284,011
Public Service Enterprise Group, Inc.	12,970		425,286
Puget Energy, Inc.	3,025		80,768
Reliant Energy, Inc. *	8,893		65,364
SCANA Corp.	2,930		114,065
Sempra Energy	6,706		338,452
Sierra Pacific Resources	5,815		55,708
SJW Corp.	602		18,042

Total Stock Market Index Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Utilities (continued)
South Jersey Industries, Inc.		857	$	30,595
Southern Union Company		3,018		62,322
Southwest Gas Corp.		1,189		35,979
Teco Energy, Inc.		5,366		84,407
The Laclede Group, Inc.		663		32,149
The Southern Company		19,671		741,400
UGI Corp.		2,608		67,234
UIL Holding Corp.		756		25,953
Unisource Energy Corp.		1,058		30,883
Unitil Corp.		699		18,237
Vectren Corp.		1,928		53,695
Westar Energy, Inc.		2,629		60,572
WGL Holdings, Inc.		1,252		40,627
Wisconsin Energy Corp.		2,965		133,129
Xcel Energy, Inc.		10,754		214,972
York Water Company		1,136		14,064
				11,654,912
TOTAL COMMON STOCKS (Cost $360,811,458)			$	366,850,748
PREFERRED STOCKS - 0.00%
Consumer, Non-cyclical - 0.00%
Inverness Medical Innovations, Inc.,
Series B, 3.00%		52		9,933
TOTAL PREFERRED STOCKS (Cost $12,701)			$	9,933
RIGHTS - 0.00%
Consumer, Non-cyclical - 0.00%
OSI Pharmaceuticals, Inc. (Expiration date
06/12/2008, Strike Price: USD 45.00) *		19		0
Diversified - 0.00%
Fresenius Kabi Pharmaceuticals Holding, Inc.
(Expiration Date: 09/24/2008, Strike Price:
AUD 1.50) *		4,291		2,789
TOTAL RIGHTS (Cost $4,291)			$	2,789
SHORT TERM INVESTMENTS - 2.32%
John Hancock Cash
Investment Trust, 2.6453% (f)	$	4,247,391	$	4,247,391
Rabobank USA Financial Corp.
0.20% due 10/01/2008		4,570,000		4,570,000
TOTAL SHORT TERM INVESTMENTS
(Cost $8,817,391)			$	8,817,391
Total Investments (Total Stock Market Index Trust)
(Cost $369,645,841) - 98.83%			$	375,680,861
Other Assets in Excess of Liabilities - 1.17%				4,459,050
TOTAL NET ASSETS - 100.00%			$	380,139,911

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

416

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Core Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 89.95%
Basic Materials - 0.46%
BHP Billiton PLC	25,000	$	566,355
Rio Tinto PLC	10,000		627,593
Sino-Forest Corp. *	100,000		1,260,042
			2,453,990
Communications - 9.07%
Amazon.com, Inc. *	25,200		1,833,552
Cisco Systems, Inc. *	457,700		10,325,712
Comcast Corp., Special Class A	625,000		12,325,000
eBay, Inc. *	177,800		3,979,164
Google, Inc., Class A *	12,800		5,126,656
Grupo Televisa SA, SADR	230,000		5,030,100
Liberty Media Corp. - Capital, Series A *	15,000		200,700
Liberty Media Corp. - Interactive A *	85,000		1,097,350
News Corp., Class A	450,000		5,395,500
Sprint Nextel Corp.	325,000		1,982,500
VeriSign, Inc. *	8,300		216,464
WPP Group PLC, SADR	20,000		814,000
			48,326,698
Consumer, Cyclical - 8.10%
Bed Bath & Beyond, Inc. *	107,700		3,382,857
Costco Wholesale Corp.	388,700		25,238,291
CVS Caremark Corp.	220,700		7,428,762
Harley-Davidson, Inc.	63,900		2,383,470
Lowe's Companies, Inc.	198,900		4,711,941
			43,145,321
Consumer, Non-cyclical - 20.13%
Altria Group, Inc.	276,400		5,483,776
Avon Products, Inc.	41,600		1,729,312
Cardinal Health, Inc.	80,600		3,971,968
Cosco Pacific, Ltd.	674,000		773,563
Covidien, Ltd.	50,000		2,688,000
Diageo PLC, SADR	50,000		3,443,000
Express Scripts, Inc. *	86,400		6,378,048
H & R Block, Inc.	175,000		3,981,250
Iron Mountain, Inc. *	175,000		4,271,750
Johnson & Johnson	411,800		28,529,504
Merck & Company, Inc.	46,600		1,470,696
Moody's Corp.	60,000		2,040,000
Philip Morris International, Inc.	202,500		9,740,250
Procter & Gamble Company	217,400		15,150,606
Schering-Plough Corp.	110,800		2,046,476
UnitedHealth Group, Inc.	551,825		14,010,837
Whole Foods Market, Inc. (a)	25,000		500,750
Wyeth	26,100		964,134
			107,173,920
Diversified - 0.66%
China Merchants Holdings International
Company, Ltd.	1,094,000		3,509,257
Energy - 17.94%
Canadian Natural Resources, Ltd.	113,300		7,756,518
Chesapeake Energy Corp.	14,200		509,212
Chevron Corp.	45,100		3,719,848
China Coal Energy Company, H Shares	2,005,000		2,119,680
ConocoPhillips	260,170		19,057,452

U.S. Core Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Devon Energy Corp.	183,300	$	16,716,960
EOG Resources, Inc.	159,700		14,286,762
Exxon Mobil Corp.	33,200		2,578,312
Halliburton Company	19,900		644,561
Occidental Petroleum Corp.	255,400		17,992,930
Schlumberger, Ltd.	58,200		4,544,838
Transocean, Inc. *	42,984		4,721,363
Weatherford International, Ltd. *	34,800		874,872
			95,523,308
Financial - 22.79%
American Express Company	475,000		16,829,250
American International Group, Inc.	353,700		1,177,821
Ameriprise Financial, Inc.	75,000		2,865,000
Aon Corp.	89,000		4,001,440
Bank of New York Mellon Corp.	195,000		6,353,100
Berkshire Hathaway, Inc., Class A *	100		13,060,000
Brookfield Asset Management, Inc., Class A	100,000		2,744,000
Citigroup, Inc.	325,800		6,682,158
Discover Financial Services	25,000		345,500
E*TRADE Financial Corp. *	25,000		70,000
Goldman Sachs Group, Inc.	15,390		1,969,920
Hang Lung Group, Ltd.	466,000		1,476,119
JPMorgan Chase & Company	356,200		16,634,540
Loews Corp.	275,000		10,859,750
Merrill Lynch & Company, Inc.	605,329		15,314,824
Progressive Corp.	483,600		8,414,640
State Street Corp.	4,400		250,272
Sun Life Financial, Inc.	20,000		707,400
Transatlantic Holdings, Inc.	20,000		1,087,000
Wachovia Corp.	49,900		174,650
Wells Fargo & Company	275,000		10,320,750
			121,338,134
Industrial - 3.28%
China Shipping Development Company, Ltd.,
Class H - Hong Kong Exchange	804,000		1,055,485
Fluor Corp.	19,800		1,102,860
FMC Technologies, Inc. *	10,000		465,500
Garmin, Ltd.	22,900		777,226
Kuehne & Nagel International AG	15,000		1,000,839
Martin Marietta Materials, Inc.	1,900		212,762
Sealed Air Corp.	300,000		6,597,000
Tyco Electronics, Ltd.	75,000		2,074,500
Tyco International, Ltd.	58,500		2,048,670
United Parcel Service, Inc., Class B	21,900		1,377,291
Vulcan Materials Company	10,000		745,000
			17,457,133
Technology - 7.50%
Agilent Technologies, Inc. *	174,600		5,178,636
Dell, Inc. *	211,400		3,483,872
Hewlett-Packard Company	20,700		957,168
Microsoft Corp.	930,700		24,840,383
Texas Instruments, Inc.	229,300		4,929,950
Western Digital Corp. *	25,100		535,132
			39,925,141

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

417

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Core Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Utilities - 0.02%
Reliant Energy, Inc. *		14,200	$	104,370
TOTAL COMMON STOCKS (Cost $547,658,317)			$	478,957,272
CONVERTIBLE BONDS - 0.14%
Basic Materials - 0.14%
Sino-Forest Corp.
5.00% due 08/01/2013 (g)		835,000		755,675
TOTAL CONVERTIBLE BONDS (Cost $835,000)			$	755,675
SHORT TERM INVESTMENTS - 10.09%
Goldman Sachs Group, Inc.
1.75% due 10/01/2008	$	14,000,000 $		14,000,000
Greenwich Capital Holdings Funding
5.45% due 10/01/2008		14,252,000		14,252,000
John Hancock Cash
Investment Trust, 2.6453% (c)(f)		493,778		493,778
San Paolo IMI U.S. Financial Company
3.50% due 10/02/2008		25,000,000		24,997,569
TOTAL SHORT TERM INVESTMENTS
(Cost $53,743,347)			$	53,743,347
Total Investments (U.S. Core Trust)
(Cost $602,236,664) - 100.18%			$	533,456,294
Liabilities in Excess of Other Assets - (0.18)%				(947,842)
TOTAL NET ASSETS - 100.00%			$	532,508,452

U.S. Government Securities Trust
		Shares or
		Principal
		Amount		Value
U.S. TREASURY OBLIGATIONS - 10.83%
Treasury Inflation-Protected
Securities (d) - 3.35%
0.875% due 04/15/2010	$	5,119,525	$	5,029,135
1.75% due 01/15/2028		1,322,962		1,154,181
2.00% due 01/15/2026		3,113,749		2,842,999
2.375% due 01/15/2027		3,151,690		3,048,027
				12,074,342
U.S. Treasury Bonds - 0.18%
5.375% due 02/15/2031		110,000		124,996
8.875% due 02/15/2019		370,000		517,914
				642,910
U.S. Treasury Notes - 7.30%
2.875% due 06/30/2010		7,440,000		7,562,641
4.00% due 08/15/2018		540,000		547,678
4.50% due 03/31/2009		17,000,000		17,256,326
4.625% due 07/31/2012		840,000		899,981
				26,266,626
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $38,815,855)			$	38,983,878

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
U.S. GOVERNMENT AGENCY OBLIGATIONS - 77.11%
Federal Home Loan Mortgage Corp. - 16.57%
5.00% due 08/01/2033 to 12/01/2034	$	4,040,924	$	3,944,078
5.50% due 11/01/2035 to 12/01/2037		47,797,552		47,554,069
5.868% due 01/01/2037		5,648,735		5,713,808
6.00% due 10/01/2010 to 12/01/2028		1,034,158		1,055,614
6.50% due 12/01/2010		5,994		6,185
7.00% due 02/01/2011 to 06/01/2032		1,207,331		1,263,640
9.00% due 10/01/2017		14,581		15,811
9.50% due 08/01/2020		55,318		62,493
11.75% due 12/01/2013		2,123		2,249
12.00% due 07/01/2020		13,922		15,695
				59,633,642
Federal National Mortgage
Association - 57.89%
4.75% due 11/19/2012		7,500,000		7,752,214
5.00% due 04/01/2019 to 05/01/2038		28,310,106		27,679,766
5.00% TBA **		104,625,000		101,883,921
5.50% due 04/01/2018 to 08/01/2037		23,655,148		23,675,455
5.50% TBA **		14,600,000		14,674,258
5.555% due 05/01/2036 (b)		2,434,249		2,446,267
5.743% due 08/01/2037 (b)		3,145,852		3,188,126
6.00% due 10/01/2036 to 03/01/2037		8,993,475		9,113,973
6.00% TBA **		5,420,000		5,519,934
6.1618% due 02/17/2009 (b)		4,456,000		4,456,000
6.335% due 07/01/2037 (b)		3,707,203		3,780,042
6.50% due 02/01/2026 to 06/01/2029		650,996		677,723
7.00% due 07/01/2022 to 01/01/2034		1,655,546		1,743,952
7.50% due 09/01/2029 to 02/01/2031		310,032		331,722
8.00% due 06/01/2017 to 03/01/2033		730,852		780,343
8.50% due 08/01/2019		255,891		280,223
8.75% due 08/01/2009 to 12/01/2009		10,734		10,802
9.00% due 05/01/2021		13,011		13,946
11.50% due 09/01/2013 to 04/01/2019		55,312		62,739
12.00% due 01/01/2013 to 04/01/2016		158,025		180,129
12.50% due 01/01/2013 to 09/01/2015		50,151		56,831
13.50% due 11/01/2014		34,430		38,798
				208,347,164
Government National Mortgage
Association - 2.65%
6.00% TBA **		7,700,000		7,809,847
6.50% due 02/15/2034 to 09/15/2034		878,919		903,122
7.50% due 02/15/2022 to 12/15/2027		435,838		466,552
8.50% due 06/15/2025		343,772		376,684
11.00% due 09/15/2015		1,641		1,889
				9,558,094
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $277,757,677)			$	277,538,900
COLLATERALIZED MORTGAGE
OBLIGATIONS - 14.27%
American Home Mortgage Assets, Series 2006-2,
Class 2A1
2.6619% due 09/25/2046 (b)		1,352,824		826,448
American Home Mortgage Investment Trust, Series
2006-2, Class 1A1
2.5519% due 06/25/2046 (b)		806,124		790,306
Bear Stearns Adjustable Rate Mortgage Trust,
Series 2004-8, Class 11A1
5.4296% due 11/25/2034 (b)		281,934		259,750

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

418

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 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 Alt-A Trust, Series 2004-11, Class 2A2
6.3628% due 11/25/2034 (b)	$	1,091,257	$	807,680
Bear Stearns Commercial Mortgage Securities,
Series 2005-PW10, Class A4
5.405% due 12/11/2040 (b)		650,000		599,330
Bear Stearns Structured Products, Inc., Series
2007-R11, Class A1A
3.8069% due 09/25/2037 (b)(g)		3,523,822		3,356,440
Commercial Mortgage Pass-Through Certificates,
Series 2006-C8, Class A4
5.306% due 12/10/2046 (b)		3,080,000		2,667,470
Countrywide Alternative Loan Trust, Series
2005-59, Class 1A1
2.8019% due 11/20/2035 (b)		625,698		399,126
Countrywide Alternative Loan Trust, Series
2006-OA10, Class 4A1
2.6619% due 08/25/2046 (b)		2,484,657		1,457,911
Countrywide Alternative Loan Trust, Series
2006-OA11, Class A4
5.055% due 07/25/2036 (b)		2,768,129		1,334,568
Countrywide Alternative Loan Trust, Series
2006-OA7, Class 3A1
2.6819% due 06/25/2046 (b)		1,570,564		1,003,606
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 1A1
3.3875% due 07/20/2046 (b)		2,657,381		1,611,597
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 2A1A
2.6806% due 07/25/2036 (b)		625,884		384,890
Countrywide Alternative Loan Trust, Series
2006-OA9, Class 2A1B
3.3875% due 07/20/2046 (b)		2,712,161		1,630,783
Countrywide Home Loans, Series
2004-12, Class 16A1
5.5767% due 08/25/2034 (b)		269,351		221,601
Countrywide Home Loans, Series
2004-20, Class 2A1
5.6862% due 09/25/2034 (b)		288,071		223,057
Countrywide Home Loans, Series 2005-7, Class 2A1
2.7819% due 03/25/2035 (b)		708,158		470,679
CS First Boston Mortgage Securities Corp, Series
2005-C5, Class A4
5.10% due 08/15/2038 (b)		1,960,000		1,771,768
Federal Home Loan Mortgage Corp.,
Series 2525, Class AM
4.50% due 04/15/2032		692,679		613,448
Federal National Mortgage Association Whole
Loan, Series 2003-W14, Class 2A
5.83% due 01/25/2043 (b)		1,442,755		1,426,685
Greenpoint Mortgage Funding Trust, Series
2006-AR4, Class A1A
2.5719% due 09/25/2046 (b)		2,088,006		1,681,817
Harborview Mortgage Loan Trust, Series 2004-2,
Class 2A1
2.7256% due 06/19/2034 (b)		383,447		333,184
Impac CMB Trust, Series 2004-5, Class 1A1
2.8319% due 10/25/2034 (b)		248,806		184,814
Impac Secured Assets Corp., Series 2005-2,
Class A1
3.5269% due 03/25/2036 (b)		1,783,600		1,315,850

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
LB-UBS Commercial Mortgage Trust, Series
2006-C3, Class A4
5.661% due 03/15/2039 (b)	$	900,000	$	810,831
LB-UBS Commercial Mortgage Trust,
Series 2006-C7, Class A3
5.347% due 11/15/2038		3,490,000		3,031,173
Luminent Mortgage Trust, Series 2006-4, Class A1A
3.3969% due 05/25/2046 (b)		2,204,055		1,361,651
Master Adjustable Rate Mortgages Trust, Series
2004-12, Class 5A1
6.2801% due 10/25/2034 (b)		410,143		350,457
Master Adjustable Rate Mortgages Trust, Series
2004-15, Class 1A1
6.5859% due 12/25/2034 (b)		140,436		126,895
Master Adjustable Rate Mortgages Trust., Series
2007-3, Class 12A1
2.6719% due 05/25/2047 (b)		3,059,224		1,859,711
Merrill Lynch Mortgage Trust, Series 2006-C1,
Class A4
5.6574% due 05/12/2039 (b)		1,460,000		1,317,364
Morgan Stanley Mortgage Loan Trust, Series
2006-8AR, Class 1A2
2.5419% due 06/25/2036 (b)		1,110,314		977,785
Novastar Mortgage-Backed Notes, Series
2006-MTA1, Class 2A1A
3.3969% due 09/25/2046 (b)		2,053,976		1,236,443
Residential Accredit Loans, Inc., Series 2005-QO3,
Class A1
2.8719% due 10/25/2045 (b)		99,994		64,976
Residential Asset Mortgage Products, Inc., Series
2002-RP1, Class A1
2.9019% due 03/25/2033 (b)(g)		33,692		23,000
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-16, Class 1A2
5.6453% due 11/25/2034 (b)		85,011		63,855
Structured Adjustable Rate Mortgage Loan Trust,
Series 2004-20, Class 2A1
5.1879% due 01/25/2035 (b)		41,274		34,471
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR6, Class 1A1
5.045% due 12/25/2035 (b)		2,463,192		1,489,887
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR6, Class 1A3
3.3969% due 07/25/2036 (b)		2,093,714		1,001,258
Structured Asset Mortgage Investments, Inc.,
Series 2006-AR7, Class A1A
2.6819% due 08/25/2036 (b)		2,950,827		1,729,972
Thornburg Mortgage Securities Trust, Series
2006-3, Class A2
3.3119% due 06/25/2036 (b)		2,749,928		2,631,356
Thornburg Mortgage Securities Trust, Series
2006-3, Class A3
3.3169% due 06/25/2036 (b)		3,002,222		2,972,360
Thornburg Mortgage Securities Trust, Series
2007-4, Class 2A1
6.2171% due 09/25/2037 (b)		1,170,159		1,000,236
Thornburg Mortgage Securities Trust, Series
2007-4, Class 3A1
6.2136% due 09/25/2037 (b)		1,115,867		935,716

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

419

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
COLLATERALIZED MORTGAGE
OBLIGATIONS (continued)
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A1
3.4769% due 12/25/2045 (b)	$	1,837,173	$	1,183,459
WaMu Mortgage Pass-Through Certificates, Series
2005-AR17, Class A1A2
3.4969% due 12/25/2045 (b)		256,947		163,000
Washington Mutual, Inc., Mortgage Pass-Through
Certificates, Series 2005-AR19, Class A1A2
2.7619% due 12/25/2045 (b)		202,250		141,844
Zuni Mortgage Loan Trust, Series 2006-OA1,
Class A1
3.3369% due 08/25/2036 (b)		1,545,528		1,489,581
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS
(Cost $68,286,862)			$	51,370,089
ASSET BACKED SECURITIES - 8.07%
ACE Securities Corp., Series 2006-GP1, Class A
3.3369% due 02/25/2031 (b)		1,509,657		1,251,949
ACE Securities Corp., Series 2006-SL3, Class A1
2.5719% due 06/25/2036 (b)		1,628,942		354,928
Aegis Asset Backed Securities Trust, Series
2004-2, Class A3
2.9519% due 06/25/2034 (b)		355,503		321,380
Bravo Mortgage Asset Trust, Series 2006-1A,
Class A1
2.6019% due 07/25/2036 (b)(g)		721,438		708,819
Countrywide Home Equity Loan Trust, Series
2004-I, Class A
2.7569% due 02/15/2034 (b)		1,509,799		1,099,713
Countrywide Home Equity Loan Trust, Series
2004-R, Class 2A
2.7169% due 03/15/2030 (b)		1,602,478		898,602
Countrywide Home Equity Loan Trust, Series
2006-E, Class 2A
2.6069% due 07/15/2036 (b)		1,853,432		1,100,900
Countrywide Home Equity Loan Trust, Series
2007-GW, Class A
3.0169% due 08/15/2037 (b)		2,759,493		1,952,548
Credit Suisse Mortgage Capital Certificates, Series
2006-CF2, Class A1
2.7319% due 05/25/2036 (b)(g)		1,441,275		1,181,396
EMC Mortgage Loan Trust, Series 2006-A, Class A1
2.9219% due 12/25/2042 (b)(g)		520,418		433,949
GMAC Mortgage Corp. Loan Trust, Series
2004-VF1, Class A1
2.2219% due 02/25/2031 (b)(g)		2,636,712		2,124,683
GMAC Mortgage Corp. Loan Trust, Series
2006-HE1, Class A
2.6819% due 11/25/2036 (b)		3,326,593		1,365,358
GSAA Home Equity Trust, Series 2005-5, Class A4
2.7419% due 02/25/2035 (b)		752,159		624,527
GSAMP Trust, Series 2006-S4, Class A1
3.2969% due 05/25/2036 (b)		1,099,172		482,387
IndyMac Seconds Asset Backed Trust, Series
2006-A, Class A
3.3369% due 06/25/2036 (b)		1,978,154		556,065
JP Morgan Chase Commercial Mortgage Securities
Corp, Series 2006-CB17, Class A4
5.429% due 12/12/2043		4,530,000		3,934,686

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
ASSET BACKED SECURITIES
(continued)
Long Beach Mortgage Loan Trust, Series 2005-3,
Class 2A2
2.7519% due 09/25/2035 (b)	$	318,600	$	307,427
Merrill Lynch First Franklin Mortgage Loan Trust,
Series 2007-H1, Class 2A1
4.7069% due 10/25/2037 (b)		2,869,219		1,969,449
Morgan Stanley ABS Capital I, Series 2004-HE8,
Class A7
3.0019% due 09/25/2034 (b)		100,766		82,867
Morgan Stanley Mortgage Loan Trust, Series
2006-4SL, Class A1
3.3569% due 03/25/2036 (b)		1,195,355		373,638
Nelnet Student Loan Trust, Series 2008-4, Class A4
4.28% due 04/25/2024 (b)		570,000		552,366
SACO I Trust, Inc., Series 2006-6, Class A
3.3369% due 06/25/2036 (b)		1,815,845		398,801
SACO I Trust, Inc., Series 2006-7, Class A1
2.6019% due 07/25/2036 (b)		2,039,934		392,205
SLM Student Loan Trust, Series 2006-5, Class A2
2.79% due 07/25/2017 (b)		1,594,870		1,588,804
Structured Asset Securities Corp., Series
2006-ARS1, Class A1
3.3169% due 02/25/2036 (b)(g)		2,061,785		283,842
Truman Capital Mortgage Loan Trust, Series
2006-1, Class A
2.7319% due 03/25/2036 (b)(g)		2,078,027		1,039,013
Lehman XS Trust, Series 2005-5N, Class 3A1A
2.7719% due 11/25/2035 (b)		91,441		58,079
Lehman XS Trust, Series 2005-7N, Class 1A1B
3.5069% due 12/25/2035 (b)		120,443		54,149
Lehman XS Trust, Series 2006-2N, Class 1A1
2.7319% due 02/25/2046 (b)		594,198		361,375
Lehman XS Trust, Series 2006-GP3, Class 3A1A
2.5419% due 06/25/2046 (b)		1,648,155		1,569,109
RAAC Series, Series 2006-RP3, Class A
2.7313% due 05/25/2036 (b)(g)		1,968,589		1,596,693
TOTAL ASSET BACKED SECURITIES
(Cost $47,028,108)			$	29,019,707
PREFERRED STOCKS - 0.04%
Financial - 0.04%
Federal Home Loan Mortgage Corp.,
Series Z, 8.375% *		39,750		61,215
Federal National Mortgage Association,
Series S, 8.25% *		28,575		62,294
				123,509
TOTAL PREFERRED STOCKS (Cost $1,708,125)			$	123,509

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

420

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Government Securities Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 7.78%
Morgan Stanley Tri-Party
Repurchase Agreement dated
09/30/2008 at 0.08% to be
repurchased at $28,000,062 on
10/01/2008, collateralized by
$48,450,000 U.S. Treasury Notes,
zero coupon due 11/15/2020
(valued at $28,560,000, including
interest)	$	28,000,000	$	28,000,000
TOTAL REPURCHASE AGREEMENTS
(Cost $28,000,000)			$	28,000,000
SHORT TERM INVESTMENTS - 13.04%
Federal Home Loan Mortgage Corp., Discount Notes
zero coupon due 01/23/2009	$	46,000,000	$	45,671,521
Federal National Mortgage Association Discount
Notes
zero coupon due 12/15/2008		1,277,000		1,270,937
TOTAL SHORT TERM INVESTMENTS
(Cost $46,942,458)			$	46,942,458
Total Investments (U.S. Government Securities Trust)
(Cost $508,539,085) - 131.14%			$	471,978,541
Liabilities in Excess of Other Assets - (31.14)%				(112,061,948)
TOTAL NET ASSETS - 100.00%			$	359,916,593

U.S. High Yield Bond Trust
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS - 74.74%
Basic Materials - 3.36%
AbitibiBowater, Inc.
9.375% due 12/15/2021	$	650,000	$	222,625
Abitibi-Consolidated Company of Canada
6.00% due 06/20/2013		24,000		6,360
American Pacific Corp.
9.00% due 02/01/2015		1,560,000		1,513,200
Bowater Canada Finance Corp.
7.95% due 11/15/2011		24,000		11,040
Freeport-McMoRan Copper & Gold, Inc.
8.25% due 04/01/2015		1,475,000		1,449,187
8.375% due 04/01/2017		5,000,000		4,925,000
Georgia-Pacific Corp.
7.125% due 01/15/2017 (g)		730,000		651,525
Huntsman International LLC
7.875% due 11/15/2014		1,800,000		1,548,000
Innophos Holdings, Inc.
9.50% due 04/15/2012 (g)		600,000		606,000
Innophos, Inc.
8.875% due 08/15/2014		2,900,000		2,900,000
Mosaic Company
7.375% due 12/01/2014 (g)		750,000		776,452
7.625% due 12/01/2016 (g)		1,875,000		1,915,736
Neenah Paper, Inc.
7.375% due 11/15/2014		925,000		733,063

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Basic Materials (continued)
P. H. Glatfelter Company
7.125% due 05/01/2016	$	725,000	$	699,625
				17,957,813
Communications - 18.45%
Alltel Corp.
7.875% due 07/01/2032		2,175,000		2,158,687
American Tower Corp.
7.00% due 10/15/2017 (g)		4,180,000		3,991,900
Barrington Broadcasting Group LLC
10.50% due 08/15/2014		3,900,000		2,496,000
Centennial Communications Corp.
10.00% due 01/01/2013		4,900,000		4,691,750
Charter Communications Holdings I LLC
11.00% due 10/01/2015		650,000		422,500
Charter Communications Holdings II LLC/Charter
Communications Holdings II Capital Corp.
10.25% due 09/15/2010		1,975,000		1,777,500
Charter Communications Operating LLC
8.00% due 04/30/2012 (g)		7,566,000		6,771,570
8.375% due 04/30/2014 (g)		5,675,000		5,008,187
Citizens Communications Company
7.05% due 10/01/2046		1,050,000		598,500
Cricket Communications, Inc.
9.375% due 11/01/2014		2,040,000		1,897,200
9.375% due 11/01/2014		3,450,000		3,208,500
CSC Holdings, Inc.
6.75% due 04/15/2012		2,690,000		2,464,712
CSC Holdings, Inc., Series B
7.625% due 04/01/2011		1,335,000		1,281,600
8.125% due 08/15/2009		300,000		297,000
DirecTV Holdings LLC
6.375% due 06/15/2015		320,000		281,600
8.375% due 03/15/2013		9,194,000		9,079,075
EchoStar DBS Corp.
6.375% due 10/01/2011		800,000		736,000
6.625% due 10/01/2014		1,150,000		922,875
7.125% due 02/01/2016		3,575,000		2,868,938
7.75% due 05/31/2015		1,500,000		1,271,250
Fisher Communications, Inc.
8.625% due 09/15/2014		3,550,000		3,567,750
Lamar Media Corp.
6.625% due 08/15/2015		2,500,000		2,068,750
Lamar Media Corp., Series C
6.625% due 08/15/2015		2,070,000		1,712,925
MetroPCS Wireless, Inc.
9.25% due 11/01/2014		4,250,000		3,973,750
Nielsen Finance LLC
zero coupon, step up to 12.50% on
08/01/2016 due 08/01/2016 (b)		4,600,000		2,990,000
10.00% due 08/01/2014		525,000		498,750
Qwest Communications International, Inc., Series B
7.50% due 02/15/2014		3,740,000		3,235,100
Qwest Corp.
6.0687% due 06/15/2013 (b)		2,110,000		1,793,500
6.50% due 06/01/2017		1,250,000		1,000,000
7.50% due 06/15/2023		1,000,000		785,000
7.50% due 10/01/2014		600,000		519,000
8.875% due 03/15/2012		2,260,000		2,214,800

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

421

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Communications (continued)
Sprint Capital Corp.
8.75% due 03/15/2032	$	17,870,000	$	13,938,600
Time Warner Telecom Holdings, Inc.
9.25% due 02/15/2014		2,500,000		2,312,500
United States West Communications, Inc.
6.875% due 09/15/2033		520,000		349,700
Valor Telecommunications Enterprise LLC
7.75% due 02/15/2015		1,450,000		1,381,691
Videotron Ltee.
6.375% due 12/15/2015		1,330,000		1,170,400
6.875% due 01/15/2014		1,606,000		1,517,670
9.125% due 04/15/2018 (g)		1,200,000		1,212,000
				98,467,230
Consumer, Cyclical - 8.42%
ALH Finance LLC
8.50% due 01/15/2013		3,745,000		3,492,212
Allison Transmission, Inc.
11.00% due 11/01/2015 (a)(g)		2,660,000		2,314,200
11.25% due 11/01/2015 (g)		2,660,000		2,181,200
AMC Entertainment, Inc., Series B
8.625% due 08/15/2012		3,043,000		3,012,570
American Tire Distributors Holdings, Inc.
9.0413% due 04/01/2012 (b)		475,000		399,000
10.75% due 04/01/2013		1,475,000		1,209,500
AmeriGas Partners LP
7.125% due 05/20/2016		2,115,000		1,892,925
7.25% due 05/20/2015		1,557,000		1,416,870
Cinemark, Inc.
zero coupon, step up to 9.75% on
03/15/2009 due 03/15/2014		2,005,000		1,927,306
Continental Airlines, Inc., Series 00-1
8.499% due 05/01/2011		282,127		269,432
Ford Motor Company
7.45% due 07/16/2031		1,750,000		752,500
General Motors Corp.
7.20% due 01/15/2011		4,550,000		2,673,125
7.375% due 05/23/2048		1,550,000		511,500
General Motors Nova Scotia Finance Company
6.85% due 10/15/2008		2,000,000		1,980,000
Goodyear Tire & Rubber Company
7.857% due 08/15/2011		475,000		461,938
MGM Mirage, Inc.
6.00% due 10/01/2009		2,050,000		1,916,750
8.50% due 09/15/2010		1,250,000		1,150,000
MTR Gaming Group, Inc., Series B
9.00% due 06/01/2012		500,000		350,000
O'Charleys, Inc.
9.00% due 11/01/2013		5,700,000		4,816,500
Penn National Gaming, Inc.
6.875% due 12/01/2011		2,150,000		2,021,000
River Rock Entertainment Authority
9.75% due 11/01/2011		3,035,000		2,792,200
San Pasqual Casino Development Group
8.00% due 09/15/2013 (g)		2,090,000		1,870,550
Sonic Automotive, Inc., Series B
8.625% due 08/15/2013		3,315,000		2,254,200
Suburban Propane Partners LP
6.875% due 12/15/2013		1,005,000		889,425

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Cyclical (continued)
United Auto Group, Inc.
7.75% due 12/15/2016	$	3,300,000	$	2,359,500
				44,914,403
Consumer, Non-cyclical - 12.96%
Biomet, Inc.
11.625% due 10/15/2017		3,425,000		3,442,125
Centene Corp.
7.25% due 04/01/2014		2,050,000		1,921,875
Community Health Systems, Inc.
8.875% due 07/15/2015		6,720,000		6,384,000
Cornell Companies, Inc.
10.75% due 07/01/2012		600,000		600,000
Corrections Corp. of America
6.25% due 03/15/2013		1,140,000		1,065,900
DaVita, Inc.
6.625% due 03/15/2013		400,000		380,000
Del Monte Corp.
8.625% due 12/15/2012		3,600,000		3,564,000
Education Management Corp.
8.75% due 06/01/2014		1,400,000		1,169,000
Geo Group, Inc.
8.25% due 07/15/2013		3,545,000		3,518,412
H&E Equipment Services, Inc.
8.375% due 07/15/2016		2,075,000		1,535,500
HCA, Inc.
7.875% due 02/01/2011		740,000		714,100
9.125% due 11/15/2014		650,000		632,125
9.25% due 11/15/2016		6,525,000		6,345,563
9.625% due 11/15/2016		1,800,000		1,710,000
Healthsouth Corp.
10.75% due 06/15/2016		800,000		808,000
Iron Mountain, Inc.
8.00% due 06/15/2020		1,475,000		1,416,000
Mac-Gray Corp.
7.625% due 08/15/2015		3,950,000		3,772,250
Multiplan, Inc.
10.375% due 04/15/2016 (g)		2,750,000		2,695,000
NCO Group, Inc.
11.875% due 11/15/2014		2,675,000		2,180,125
Omnicare, Inc.
6.125% due 06/01/2013		750,000		669,375
6.875% due 12/15/2015		2,120,000		1,886,800
Reynolds American, Inc.
6.50% due 07/15/2010		250,000		259,931
7.625% due 06/01/2016		2,927,000		2,906,069
Rural/Metro Corp.
9.875% due 03/15/2015		1,950,000		1,657,500
Service Corp. International
6.75% due 04/01/2016		500,000		427,500
7.00% due 06/15/2017		2,755,000		2,355,525
7.50% due 04/01/2027		2,730,000		2,088,450
7.625% due 10/01/2018		150,000		134,250
7.875% due 02/01/2013		850,000		850,000
Sheridan Group, Inc.
10.25% due 08/15/2011		1,600,000		1,424,000
Sun Healthcare Group, Inc.
9.125% due 04/15/2015		1,935,000		1,847,925

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

422

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Consumer, Non-cyclical (continued)
Tenet Healthcare Corp.
6.375% due 12/01/2011	$	2,550,000	$	2,352,375
6.875% due 11/15/2031		635,000		431,800
The Cooper Companies, Inc.
7.125% due 02/15/2015		3,450,000		3,381,000
United Surgical Partners International, Inc.
8.875% due 05/01/2017		3,160,000		2,654,400
				69,180,875
Diversified - 0.34%
Susser Holdings LLC
10.625% due 12/15/2013		1,830,000		1,797,975
Energy - 8.44%
Calfrac Holdings LP
7.75% due 02/15/2015 (g)		2,950,000		2,448,500
Chesapeake Energy Corp.
6.375% due 06/15/2015		200,000		178,500
6.625% due 01/15/2016		1,985,000		1,781,537
6.875% due 01/15/2016		400,000		365,000
6.875% due 11/15/2020		3,500,000		2,992,500
7.25% due 12/15/2018		500,000		460,000
7.50% due 09/15/2013		400,000		387,000
El Paso Corp.
6.875% due 06/15/2014		500,000		461,135
7.00% due 06/15/2017		2,950,000		2,635,421
7.25% due 06/01/2018		2,525,000		2,348,250
7.75% due 01/15/2032		4,490,000		3,757,919
Forest Oil Corp.
7.25% due 06/15/2019 (g)		350,000		299,250
Hilcorp Energy I LP
7.75% due 11/01/2015 (g)		4,160,000		3,577,600
Hilcorp Energy I LP/Hilcorp Finance Company
9.00% due 06/01/2016 (g)		930,000		846,300
Key Energy Services, Inc.
8.375% due 12/01/2014 (g)		3,475,000		3,336,000
MarkWest Energy Partners LP / MarkWest Energy
Finance Corp., Series B
8.75% due 04/15/2018 (g)		825,000		783,750
MarkWest Energy Partners LP/ MarkWest Energy
Finance Corp., Series B
8.50% due 07/15/2016		2,070,000		1,956,150
National Oilwell Varco, Inc., Series B
6.125% due 08/15/2015		24,000		23,422
Sabine Pass LNG LP
7.50% due 11/30/2016		11,590,000		9,040,200
7.50% due 11/30/2016 (g)		1,250,000		975,000
SandRidge Energy, Inc.
8.00% due 06/01/2018 (g)		1,000,000		860,000
SandRidge Energy, Inc., PIK
8.625% due 04/01/2015 (g)		2,150,000		1,924,250
Swift Energy Company
7.125% due 06/01/2017		4,250,000		3,612,500
				45,050,184
Financial - 9.54%
Altra Industrial Motion, Inc.
9.00% due 12/01/2011		1,535,000		1,581,050
American General Finance Corp., MTN
4.625% due 05/15/2009		1,000,000		710,596

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Financial (continued)
American International Group, Inc.
6.25% due 03/15/2037	$	3,425,000	$	548,747
Chevy Chase Bank
6.875% due 12/01/2013		905,000		724,000
Chukchansi Economic Development Authority
6.3275% due 11/15/2012 (b)(g)		939,000		758,242
8.00% due 11/15/2013 (g)		1,805,000		1,444,000
CIT Group, Inc.
5.65% due 02/13/2017		1,250,000		609,960
6.00% due 04/01/2036		3,405,000		1,365,511
El Paso Performance-Linked Trust
7.75% due 07/15/2011 (g)		1,450,000		1,468,316
Ford Motor Credit Company
7.00% due 10/01/2013		2,510,000		1,542,538
8.00% due 12/15/2016		6,800,000		4,299,490
Ford Motor Credit Company LLC
7.2406% due 04/15/2012 (b)		800,000		739,606
7.375% due 10/28/2009		925,000		743,669
General Motors Acceptance Corp.
5.85% due 01/14/2009		1,600,000		1,367,474
6.875% due 09/15/2011		1,750,000		780,827
GMAC LLC
6.00% due 12/15/2011		3,960,000		1,760,770
Host Marriott LP
7.125% due 11/01/2013		500,000		445,000
Host Marriott LP, Series M
7.00% due 08/15/2012		3,905,000		3,485,213
Host Marriott LP, Series Q
6.75% due 06/01/2016		4,525,000		3,699,188
KAR Holdings, Inc.
8.75% due 05/01/2014		1,325,000		1,079,875
10.00% due 05/01/2015		7,831,000		6,029,870
Lehman Brothers Holdings, Inc.
7.875% due 08/15/2010 ^		3,400,000		425,000
Lender Processing Services, Inc.
8.125% due 07/01/2016 (g)		2,550,000		2,486,250
NSG Holdings, Inc.
7.75% due 12/15/2025 (g)		2,445,000		2,322,750
Nuveen Investments, Inc.
10.50% due 11/15/2015 (g)		9,355,000		7,203,350
Pinnacle Foods Finance LLC/Pinnacle Foods
Finance Corp
10.625% due 04/01/2017		650,000		487,500
USI Holdings Corp.
9.75% due 05/15/2015 (g)		3,650,000		2,774,000
				50,882,792
Industrial - 6.10%
Allied Waste North America, Inc.
6.50% due 11/15/2010		700,000		684,250
6.875% due 06/01/2017		200,000		186,000
Allied Waste North America, Inc., Series B
5.75% due 02/15/2011		200,000		191,500
7.125% due 05/15/2016		3,175,000		2,960,688
Baldor Electric Company
8.625% due 02/15/2017		2,725,000		2,602,375
Crown Holdings, Inc.
8.00% due 04/15/2023		5,165,000		4,338,600

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

423

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
CORPORATE BONDS (continued)
Industrial (continued)
Esco Corp.
6.6937% due 12/15/2013 (b)(g)	$	625,000	$	575,000
8.625% due 12/15/2013 (g)		875,000		857,500
Graham Packaging Company
9.875% due 10/15/2014		2,900,000		2,523,000
Gulfmark Offshore, Inc.
7.75% due 07/15/2014		3,450,000		3,243,000
L-3 Communications Corp.
5.875% due 01/15/2015		2,700,000		2,443,500
L-3 Communications Corp., Series B
6.375% due 10/15/2015		1,585,000		1,458,200
Muzak Finance Corp.
13.00% due 03/15/2010		700,000		322,000
NXP BV/NXP Funding LLC
5.5406% due 10/15/2013 (b)		1,795,000		1,184,700
Overseas Shipholding Group, Inc.
7.50% due 02/15/2024		4,115,000		3,641,775
Owens-Brockway Glass Container, Inc.
8.25% due 05/15/2013		2,025,000		2,014,875
Owens-Illinois, Inc.
7.80% due 05/15/2018		650,000		630,500
Rexnord Holdings, Inc.
9.68% due 02/21/2013		1,426,520		1,141,216
Trailer Bridge, Inc.
9.25% due 11/15/2011		1,750,000		1,540,000
				32,538,679
Technology - 4.62%
Affiliated Computer Services, Inc.
5.20% due 06/01/2015		1,200,000		969,000
First Data Corp.
9.875% due 09/24/2015 (g)		7,150,000		5,612,750
Open Solutions, Inc.
9.75% due 02/01/2015 (g)		5,370,000		3,490,500
Seagate Technology HDD Holdings
6.80% due 10/01/2016		4,175,000		3,653,125
SunGard Data Systems, Inc.
3.75% due 01/15/2009		350,000		345,625
4.875% due 01/15/2014		400,000		340,000
9.125% due 08/15/2013		505,000		454,500
10.25% due 08/15/2015		11,256,000		9,764,580
				24,630,080
Utilities - 2.51%
Ipalco Enterprises, Inc.
7.25% due 04/01/2016 (g)		950,000		907,250
NRG Energy, Inc.
7.25% due 02/01/2014		450,000		417,375
7.375% due 02/01/2016		5,759,000		5,183,100
7.375% due 01/15/2017		7,550,000		6,870,500
				13,378,225
TOTAL CORPORATE BONDS (Cost $449,581,127)			$	398,798,256
ASSET BACKED SECURITIES - 0.17%
DB Master Finance LLC, Series-2006-1, Class M1
8.285% due 06/20/2031 (g)		1,250,000		936,412
TOTAL ASSET BACKED SECURITIES
(Cost $1,249,976)			$	936,412

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS - 19.32%
Basic Materials - 1.34%
Bolthouse, Term Loan B
5.0625% due 06/30/2012 (b)	$	250,000	$	234,687
Celanese Holdings LLC, Letter of Credit
7.0994% due 04/02/2014 (b)		1,074,779		988,195
Celanese Holdings LLC, Tranche B
2.8025% due 04/02/2014 (b)		166,667		153,240
Georgia-Pacific Corp., Tranche B
4.4456% due 12/23/2012 (b)		2,766,286		2,457,900
Georgia-Pacific Corp., Tranche B2
4.2381% due 12/22/2012 (b)		2,252,120		2,001,054
Huntsman International LLC
4.2188% due 04/19/2014 (b)		1,489,300		1,323,883
				7,158,959
Communications - 1.97%
Charter Communications Operating LLC, Tranche 3
7.6981% due 03/01/2014 (b)		750,000		557,497
Charter Communications Operating LLC, Tranche
B1
5.1713% due 03/06/2014 (b)		744,375		603,733
Citadel Broadcasting Corp.
4.745% due 06/12/2014 (b)		1,250,000		934,375
Crown Castle International Corp.
4.3006% due 03/05/2014 (b)		1,604,953		1,405,939
CSC Holdings, Inc.
4.5688% due 03/23/2013 (b)		3,872,567		3,504,673
Direct TV, Tranche C
5.25% due 04/13/2013 (b)		748,125		720,474
Getty Images, Inc.
7.25% due 07/02/2015 (b)		450,000		440,626
Gray TV
4.19% due 12/31/2014 (b)		1,119,974		873,580
Level 3 Communications, Inc.
4.7269% due 03/01/2014 (b)		1,250,000		1,060,163
Local TV Finance LLC
4.869% due 05/07/2013 (b)		497,481		417,884
				10,518,944
Consumer, Cyclical - 3.24%
BLB Wembley Holdings, Inc.
5.44% due 06/30/2011 (b)		697,946		490,307
Bombardier Recreational Products, Inc., Tranche B
6.46% due 06/26/2013 (b)		800,000		680,664
Federal Mogul Corp., Tranche B
4.9675% due 12/27/2014 (b)		2,083,966		1,437,937
Federal Mogul Corp., Tranche C
4.7375% due 12/27/2015 (b)		1,508,515		1,025,790
Ford Motor Company, Tranche B
5.47% due 11/29/2013 (b)		4,005,002		2,744,668
Golden Nugget, Inc.
7.21% due 12/14/2014 (b)		750,000		375,000
Greek Town Holdings
5.50% due 03/23/2014 (b)		758,453		670,912
Greektown Casino LLC, Tranche B
5.50% due 12/03/2012 (b)		1,600,000		1,415,328
Greenwood Racing
4.64% due 11/14/2011 (b)		977,369		908,953
HMSC
8.2159% due 04/03/2014 (b)		550,000		374,000

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

424

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Consumer, Cyclical (continued)
HMSC, Tranche 1 Lien
4.9659% due 04/03/2014 (b)	$	398,990	$	271,313
Iconix Brand Group, Inc.
5.14% due 11/07/2013 (b)		500,000		465,000
Live Nation Worldwide
5.45% due 12/21/2013 (b)		467,846		437,436
National Cinemedia LLC
4.54% due 02/13/2015 (b)		312,000		265,787
Penn National Gaming, Inc.
4.24% due 05/26/2012 (b)		2,835,735		2,588,686
Pep Boys - Manny, Moe & Jack
4.65% due 01/31/2013 (b)		240,364		211,520
Regal Cinemas Corp.
4.1963% due 11/10/2010 (b)		249,365		218,693
Riviera Holding Corp.
4.68% due 06/08/2014 (b)		1,250,000		875,000
Safety-Kleen, Corp., Letter of Credit
3.125% due 07/27/2013 (b)		152,542		140,339
Safety-Kleen, Corp., Tranche B
5.625% due 07/27/2013 (b)		574,513		528,552
Sagittarius Restaurants LLC
9.50% due 03/29/2013 (b)		684,943		421,240
Tire Rack Holdings, Inc.
4.434% due 06/24/2012 (b)		801,901		761,806
				17,308,931
Consumer, Non-cyclical - 4.10%
AmWINS Group, Inc.
4.98% due 06/07/2013 (b)		1,143,362		914,689
7.99% due 06/07/2014 (b)		750,000		487,500
Carestream Health, Inc., Tranche B
4.6981% due 04/30/2013 (b)		737,960		637,103
Carestream Health, Inc., Tranche B2
10.0813% due 10/30/2013 (b)		500,000		312,500
Coinmach Laundry Corp.
5.809% due 12/19/2012 (b)		994,987		895,489
Community Health Systems, Inc., Tranche B
4.741% due 06/30/2014 (b)		2,765,998		2,475,568
Community Health Systems, Inc., Tranche Delayed
Draw
1.00% due 06/30/2014 (b)		141,462		126,609
Dean Foods Company, Tranche B
4.55% due 03/01/2014 (b)		1,477,500		1,317,162
Dole Foods Company, Tranche B
4.5625% due 04/12/2013 (b)		645,694		568,211
Dole Foods Company, Tranche C
4.5625% due 04/12/2013 (b)		2,598,303		2,286,506
Dole Foods, Letter of Credit
2.58% due 04/12/2013 (b)		354,415		311,885
Education Management Corp., Tranche C
4.50% due 05/29/2011 (b)		958,409		837,170
Goodyear Tire & Rubber Company, Tranche 2
6.43% due 04/30/2014 (b)		4,000,000		3,523,320
HCA, Inc., Tranche B
5.0506% due 11/16/2013 (b)		2,180,734		1,941,486
Health Management Associate, Inc.
4.4463% due 02/28/2014 (b)		242,622		207,078
Healthsouth Corp., Tranche B
5.085% due 03/10/2013 (b)		886,325		807,788

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Consumer, Non-cyclical (continued)
Kepler Holdings, Ltd.
10.82% due 06/30/2009 (b)	$	500,000	$	440,000
Sun Healthcare Group, Inc.
4.8119% due 04/12/2014 (b)		547,426		506,369
Sun Healthcare Group, Inc., Letter of Credit
2.5963% due 04/12/2014 (b)		124,251		111,826
Sun Healthcare Group, Inc., Tranche Delayed Draw
4.98% due 04/12/2014 (b)		76,770		69,093
Toys R Us, Inc., Tranche B
5.4594% due 12/01/2008 (b)		3,500,000		3,103,345
				21,880,697
Energy - 3.20%
Calpine Corp., Tranche B
5.685% due 03/29/2009 (b)		7,083,441		6,074,051
Covanta Energy Corp., Letter of Credit
4.6025% due 02/02/2014 (b)		643,855		584,704
Covanta Energy Corp., Tranche B
4.375% due 02/02/2014 (b)		1,288,214		1,169,866
Dynegy Holdings, Inc.
3.9594% due 04/02/2013 (b)		1,287,868		1,114,920
Dynegy Holdings, Inc., Tranche B
3.96% due 03/31/2013 (b)		461,942		399,908
Energy Transfer Equity
4.5075% due 11/01/2012 (b)		1,250,000		1,161,725
Longview Power LLC, Letter of Credit
5.00% due 02/28/2013 (b)		166,667		143,333
Longview Power LLC, Tranche B
5.0625% due 02/28/2014 (b)		500,000		436,250
Longview Power LLC, Tranche Delayed Draw
4.9375% due 02/28/2014 (b)		583,333		501,667
Targa Resources, Letter of Credit
4.5713% due 10/05/2011 (b)		380,516		352,217
Targa Resources, Tranche B
4.6494% due 10/05/2012 (b)		238,558		220,816
Tenaska Power, 1st Lien Term Loan
4.8006% due 12/15/2013 (b)		1,523,624		1,404,465
Tenaska Power, Term Loan
2.60% due 12/15/2011 (b)		100,331		80,265
2.60% due 12/15/2013 (b)		320,057		295,025
Texas Competitive Electric Holdings Company LLC
6.2623% due 10/10/2014 (b)		3,636,830		3,114,035
				17,053,247
Financial - 2.41%
BNY ConvergEx Group, Tranche 1
5.81% due 08/17/2013 (b)		1,250,000		1,125,000
Capital Automotive LP
4.21% due 12/16/2010 (b)		1,000,000		885,500
CCM Merger, Inc.
5.4763% due 07/21/2012 (b)		715,017		618,490
Emdeon Business Services LLC, Tranche 1B
4.70% due 11/16/2013 (b)		471,382		419,530
Emdeon Business Services LLC, Tranche 2
9.83% due 05/16/2014 (b)		1,000,000		890,000
General Motors Corp., Tranche B
7.0556% due 11/17/2013 (b)		3,987,361		2,723,168
Linsco/Private Ledger Corp., Tranche B
8.762% due 06/27/2013 (b)		2,370,077		2,204,172

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

425

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
TERM LOANS (continued)
Financial (continued)
TD Ameritrade Holding Corp.
6.63% due 12/31/2012 (b)	$	1,000,000	$	934,500
TPF Generation Holdings LLC, Tranche 2
9.08% due 12/15/2014 (b)		800,000		684,664
VNU, Inc., Tranche B
4.8025% due 08/09/2013 (b)		2,033,968		1,795,709
Wimar Landco LLC, Tranche B
1.00% due 09/03/2008 (b)		750,000		565,500
				12,846,233
Industrial - 1.22%
Allied Waste North America, Inc.
4.93% due 03/28/2014 (b)		845,006		815,963
5.1206% due 03/28/2014 (b)		603,866		582,477
Coffeyville Resources, Inc., Letter of Credit
4.6288% due 12/28/2010 (b)		129,730		115,460
Coffeyville Resources, Inc., Tranche D
7.00% due 12/28/2013 (b)		419,928		373,736
Marvell Technology Group, Inc.
5.1963% due 11/08/2009 (b)		479,375		475,780
Oshkosh Truck Corp., Tranche B
4.20% due 12/06/2013 (b)		667,500		589,623
Owens-Illinois, Inc.
3.9769% due 06/14/2013 (b)		489,770		470,179
Rail America CND, Term Loan B
6.79% due 08/14/2009 (b)		152,000		142,880
Rail America US, Term Loan B
6.79% due 08/14/2009 (b)		2,348,000		2,207,120
Waste Services, Inc., Tranche B
4.74% due 04/30/2011 (b)		783,418		736,413
				6,509,631
Technology - 1.44%
Affiliated Computer Services, Inc.
4.235% due 03/29/2013 (b)		576,887		527,852
4.4663% due 03/29/2013 (b)		1,420,568		1,359,015
Reynolds & Reynolds Company, Inc.
4.6775% due 10/24/2012 (b)		356,976		320,386
Reynolds & Reynolds Company, Inc., Tranche 2
10.3425% due 10/01/2013 (b)		1,125,000		1,012,500
Reynolds & Reynolds Company, Inc., Tranche 3
10.1775% due 04/01/2014 (b)		625,000		546,875
SunGard Data Systems, Inc., Tranche B1
5.1619% due 01/31/2013 (b)		1,585,899		1,392,118
Web Services
8.00% due 08/04/2014		2,600,000		2,522,000
				7,680,746
Utilities - 0.40%
NRG Energy, Inc.
6.9481% due 02/01/2013 (b)		1,495,647		1,325,517
NRG Energy, Inc., Tranche L
7.11% due 02/01/2013 (b)		732,624		649,288
NSG Holdings
4.28% due 06/15/2014 (b)		176,027		158,864
NSG Holdings, Letter of Credit
4.28% due 06/15/2014 (b)		24,169		21,873
				2,155,542
TOTAL TERM LOANS (Cost $114,746,374)			$	103,112,930

U.S. High Yield Bond Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 3.68%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$19,639,682 on 10/01/2008,
collateralized by $19,405,000
Federal Home Loan Mortgage
Corp., 5.40% due 06/04/2012
(valued at $20,032,946, including
interest)	$	19,639,000	$	19,639,000
TOTAL REPURCHASE AGREEMENTS
(Cost $19,639,000)			$	19,639,000
SHORT TERM INVESTMENTS - 0.38%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	2,007,692	$	2,007,692
TOTAL SHORT TERM INVESTMENTS
(Cost $2,007,692)			$	2,007,692
Total Investments (U.S. High Yield Bond Trust)
(Cost $587,224,169) - 98.29%			$	524,494,290
Other Assets in Excess of Liabilities - 1.71%				9,107,869
TOTAL NET ASSETS - 100.00%			$	533,602,159

U.S. Large Cap Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 97.71%
Basic Materials - 3.38%
Allegheny Technologies, Inc.	153,000	$	4,521,150
Barrick Gold Corp.	199,300		7,322,282
Cliffs Natural Resources, Inc.	28,400		1,503,496
Monsanto Company	45,700		4,523,386
Nucor Corp.	49,700		1,963,150
Potash Corp. of Saskatchewan, Inc.	37,500		4,950,375
			24,783,839
Communications - 13.49%
American Tower Corp., Class A *	128,200		4,611,354
AT&T, Inc.	237,900		6,642,168
CBS Corp., Class B	149,700		2,182,626
Ciena Corp. *	37,500		378,000
Cisco Systems, Inc. *	577,600		13,030,656
Comcast Corp., Class A	111,900		2,196,597
Corning, Inc.	62,900		983,756
eBay, Inc. *	174,700		3,909,786
Gannett Company, Inc. (a)	165,400		2,796,914
Google, Inc., Class A *	51,506		20,629,183
Level 3 Communications, Inc. * (a)	986,100		2,662,470
Monster Worldwide, Inc. *	136,900		2,041,179
Omnicom Group, Inc.	96,900		3,736,464
Polycom, Inc. *	139,500		3,226,635
QUALCOMM, Inc.	199,800		8,585,406
Time Warner Cable, Inc. *	112,800		2,729,760
Time Warner, Inc.	138,700		1,818,357
TW Telecom, Inc. *	376,300		3,909,757
Viacom, Inc., Class B *	71,250		1,769,850

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

426

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
Walt Disney Company	247,400	$	7,592,706
Yahoo!, Inc. *	189,900		3,285,270
			98,718,894
Consumer, Cyclical - 9.34%
Best Buy Company, Inc.	230,500		8,643,750
Carnival Corp.	57,000		2,014,950
Coach, Inc. *	38,900		974,056
Costco Wholesale Corp.	21,400		1,389,502
Ford Motor Company *	547,300		2,845,960
General Motors Corp.	95,700		904,365
Hanesbrands, Inc. *	145,149		3,156,991
Home Depot, Inc.	126,500		3,275,085
Honda Motor Company, Ltd., ADR	99,100		2,983,901
Johnson Controls, Inc.	127,400		3,864,042
Las Vegas Sands Corp. * (a)	57,000		2,058,270
Lowe's Companies, Inc.	134,000		3,174,460
Nordstrom, Inc.	200,800		5,787,056
Phillips-Van Heusen Corp.	46,900		1,777,979
Southwest Airlines Company	255,000		3,700,050
Target Corp.	326,600		16,019,730
Urban Outfitters, Inc. *	97,200		3,097,764
Walgreen Company	52,500		1,625,400
Wynn Resorts, Ltd. *	13,000		1,061,320
			68,354,631
Consumer, Non-cyclical - 27.04%
Abbott Laboratories	168,900		9,725,262
Allergan, Inc.	116,200		5,984,300
Altria Group, Inc.	254,100		5,041,344
Apollo Group, Inc., Class A *	8,300		492,190
AstraZeneca PLC, SADR	194,400		8,530,272
Baxter International, Inc.	260,600		17,103,178
BioMarin Pharmaceutical, Inc. *	58,200		1,541,718
Bristol-Myers Squibb Company	141,800		2,956,530
Campbell Soup Company	45,800		1,767,880
Cardinal Health, Inc.	32,100		1,581,888
Celgene Corp. *	149,018		9,429,859
DaVita, Inc. *	98,250		5,601,232
Estee Lauder Companies, Inc., Class A	46,300		2,310,833
Forest Laboratories, Inc. *	141,800		4,010,104
Genentech, Inc. *	239,600		21,247,728
General Mills, Inc.	25,900		1,779,848
Gilead Sciences, Inc. *	55,400		2,525,132
Health Net, Inc. *	62,400		1,472,640
ImClone Systems, Inc. *	127,500		7,961,100
Jarden Corp. *	50,000		1,172,500
Kimberly-Clark Corp.	26,200		1,698,808
Kraft Foods, Inc., Class A	333,804		10,932,081
Medtronic, Inc.	146,300		7,329,630
Paychex, Inc.	150,000		4,954,500
PepsiCo, Inc.	197,000		14,040,190
Pfizer, Inc.	260,500		4,803,620
Philip Morris International, Inc.	171,900		8,268,390
Sanofi-Aventis, ADR	103,300		3,395,471
Sara Lee Corp.	643,800		8,131,194
Schering-Plough Corp.	13,800		254,886

U.S. Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Sepracor, Inc. *	124,600	$	2,281,426
Teva Pharmaceutical Industries, Ltd., SADR	51,900		2,376,501
The Coca-Cola Company	73,300		3,876,104
Unilever NV	120,500		3,393,280
UnitedHealth Group, Inc.	243,500		6,182,465
Visa, Inc.	26,000		1,596,140
Wyeth	59,400		2,194,236
			197,944,460
Energy - 7.10%
Anadarko Petroleum Corp.	43,000		2,085,930
Baker Hughes, Inc.	47,500		2,875,650
BJ Services Company	99,900		1,911,087
Chevron Corp.	73,448		6,057,991
ConocoPhillips	84,100		6,160,325
EOG Resources, Inc.	32,100		2,871,666
Exxon Mobil Corp.	64,300		4,993,538
Marathon Oil Corp.	231,200		9,217,944
Royal Dutch Shell PLC, ADR, Class B	26,342		1,503,865
Royal Dutch Shell PLC, ADR	51,500		3,039,015
Schlumberger, Ltd.	107,000		8,355,630
Weatherford International, Ltd. *	116,300		2,923,782
			51,996,423
Financial - 14.82%
ACE, Ltd.	11,300		611,669
Aetna, Inc.	43,000		1,552,730
AFLAC, Inc.	75,900		4,459,125
Ambac Financial Group, Inc.	187,100		435,943
Astoria Financial Corp.	67,500		1,399,275
Bank of America Corp.	28,400		994,000
Berkshire Hathaway, Inc., Class A *	24		3,134,400
Capital One Financial Corp.	32,900		1,677,900
Douglas Emmett, Inc., REIT	68,000		1,568,760
Fifth Third Bancorp	79,800		949,620
Goldman Sachs Group, Inc.	137,300		17,574,400
Hudson City Bancorp, Inc.	439,400		8,106,930
JPMorgan Chase & Company	674,692		31,508,116
Progressive Corp.	199,800		3,476,520
SunTrust Banks, Inc.	36,500		1,642,135
Wells Fargo & Company	646,200		24,251,886
XL Capital, Ltd., Class A	287,000		5,148,780
			108,492,189
Industrial - 10.96%
Cooper Industries, Ltd., Class A	42,300		1,689,885
Danaher Corp.	41,200		2,859,280
Emerson Electric Company	66,800		2,724,772
Energizer Holdings, Inc. *	37,400		3,012,570
FedEx Corp.	52,800		4,173,312
Flextronics International, Ltd. *	246,500		1,745,220
Fluor Corp.	87,800		4,890,460
General Electric Company	631,000		16,090,500
Illinois Tool Works, Inc.	128,200		5,698,490
Jabil Circuit, Inc.	409,700		3,908,538
KLA-Tencor Corp.	213,500		6,757,275
Leggett & Platt, Inc.	60,500		1,318,295
Tyco International, Ltd.	36,500		1,278,230

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

427

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Large Cap Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
United Parcel Service, Inc., Class B	267,600	$	16,829,364
United Technologies Corp.	96,800		5,813,808
Vulcan Materials Company	18,900		1,408,050
			80,198,049
Technology - 10.30%
Adobe Systems, Inc. *	103,400		4,081,198
Agilent Technologies, Inc. *	145,800		4,324,428
Altera Corp.	111,200		2,299,616
Apple, Inc. *	52,700		5,989,882
Applied Materials, Inc.	647,100		9,790,623
Brocade Communications Systems, Inc. *	664,400		3,866,808
Cerner Corp. *	73,300		3,272,112
Cognizant Technology Solutions Corp.,
Class A *	86,900		1,983,927
Dell, Inc. *	244,300		4,026,064
Intel Corp.	100,100		1,874,873
International Business Machines Corp.	22,000		2,573,120
Lam Research Corp. *	47,400		1,492,626
Microchip Technology, Inc.	46,700		1,374,381
Micron Technology, Inc. * (a)	496,700		2,011,635
Microsoft Corp.	369,891		9,872,391
NetApp, Inc. *	128,700		2,346,201
Oracle Corp. *	65,000		1,320,150
SanDisk Corp. *	389,700		7,618,635
Seagate Technology	113,400		1,374,408
Sun Microsystems, Inc. *	155,600		1,182,560
VeriFone Holdings, Inc. *	163,200		2,699,328
			75,374,966
Utilities - 1.28%
AES Corp. *	93,000		1,087,170
American Water Works Company, Inc.	112,800		2,425,200
CMS Energy Corp.	109,800		1,369,206
Edison International	72,600		2,896,740
Pinnacle West Capital Corp.	46,700		1,606,947
			9,385,263
TOTAL COMMON STOCKS (Cost $800,987,102)		$	715,248,714
PREFERRED STOCKS - 0.36%
Consumer, Non-cyclical - 0.20%
Schering-Plough Corp., 6.00%	8,600		1,448,894
Financial - 0.16%
Fifth Third Bancorp, Series G, 8.50%	8,500		883,915
SLM Corp., Series C, 7.25%	550		318,479
			1,202,394
TOTAL PREFERRED STOCKS (Cost $3,551,875)		$	2,651,288
CONVERTIBLE BONDS - 0.18%
Consumer, Cyclical - 0.18%
Ford Motor Company
4.25% due 12/15/2036	2,282,000		1,347,749
TOTAL CONVERTIBLE BONDS (Cost $2,296,183)		$	1,347,749

U.S. Large Cap Trust (continued)
		Shares or
		Principal
		Amount		Value
SHORT TERM INVESTMENTS - 1.05%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	7,679,785	$	7,679,785
TOTAL SHORT TERM INVESTMENTS
(Cost $7,679,785)			$	7,679,785
REPURCHASE AGREEMENTS - 1.08%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$7,880,274 on 10/1/2008,
collateralized by $7,990,000
Federal Home Loan Bank, 2.275%
due 04/24/2009 (valued at
$8,039,938, including interest)	$	7,880,000	$	7,880,000
TOTAL REPURCHASE AGREEMENTS
(Cost $7,880,000)			$	7,880,000
Total Investments (U.S. Large Cap Trust)
(Cost $822,394,945) - 100.38%			$	734,807,536
Liabilities in Excess of Other Assets - (0.38)%				(2,818,143)
TOTAL NET ASSETS - 100.00%			$	731,989,393

U.S. Multi Sector Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.95%
Basic Materials - 2.32%
Air Products & Chemicals, Inc.	6,600	$	452,034
Biogen Idec, Inc. *	18,500		930,365
Dow Chemical Company	10,600		336,868
Eli Lilly & Company	288,500		12,702,655
FMC Corp.	3,300		169,587
Freeport-McMoRan Copper & Gold, Inc.,
Class B	1,000		56,850
Monsanto Company	44,240		4,378,875
Nucor Corp.	19,600		774,200
Praxair, Inc.	11,400		817,836
Reliance Steel & Aluminum Company	2,700		102,519
Sherwin-Williams Company	2,100		120,036
Sigma-Aldrich Corp.	4,900		256,858
			21,098,683
Communications - 8.19%
Akamai Technologies, Inc. *	4,300		74,992
Amazon.com, Inc. *	10,000		727,600
AT&T, Inc.	202,805		5,662,316
CenturyTel, Inc.	4,600		168,590
Cisco Systems, Inc. *	705,800		15,922,848
DIRECTV Group, Inc. *	6,800		177,956
eBay, Inc. *	350,300		7,839,714
Gannett Company, Inc.	21,400		361,874
Google, Inc., Class A *	23,710		9,496,329
Juniper Networks, Inc. *	14,300		301,301
Priceline.com, Inc. *	900		61,587
QUALCOMM, Inc.	624,800		26,847,656
Sprint Nextel Corp.	10,200		62,220

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

428

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Communications (continued)
VeriSign, Inc. *	9,200	$	239,936
Verizon Communications, Inc.	199,700		6,408,373
			74,353,292
Consumer, Cyclical - 11.71%
Abercrombie & Fitch Company, Class A	9,900		390,555
Advance Auto Parts, Inc.	2,100		83,286
American Eagle Outfitters, Inc.	10,100		154,025
AutoNation, Inc. *	6,700		75,308
AutoZone, Inc. *	5,400		666,036
Bed Bath & Beyond, Inc. *	32,800		1,030,248
Best Buy Company, Inc.	11,300		423,750
Carnival Corp.	6,300		222,705
Centex Corp.	6,200		100,440
Coach, Inc. *	21,600		540,864
Copart, Inc. *	2,100		79,800
Costco Wholesale Corp.	17,400		1,129,782
D.R. Horton, Inc.	7,500		97,650
Dollar Tree, Inc. *	11,700		425,412
Family Dollar Stores, Inc.	13,900		329,430
Fastenal Company	5,200		256,828
GameStop Corp., Class A *	5,300		181,313
General Motors Corp.	13,400		126,630
Harley-Davidson, Inc.	15,100		563,230
Home Depot, Inc.	654,800		16,952,772
J.C. Penney Company, Inc.	2,700		90,018
Johnson Controls, Inc.	16,300		494,379
Kohl's Corp. *	20,000		921,600
Lennar Corp., Class A	6,100		92,659
Liz Claiborne, Inc.	24,200		397,606
Lowe's Companies, Inc.	227,800		5,396,582
McDonald's Corp.	41,500		2,560,550
NIKE, Inc., Class B	11,800		789,420
PACCAR, Inc.	16,025		611,995
Ross Stores, Inc.	2,300		84,663
Sears Holdings Corp. * (a)	1,200		112,200
Staples, Inc.	64,400		1,449,000
Starbucks Corp. *	7,200		107,064
Target Corp.	56,000		2,746,800
The Gap, Inc.	17,200		305,816
The TJX Companies, Inc.	17,800		543,256
Urban Outfitters, Inc. *	5,300		168,911
Walgreen Company	232,600		7,201,296
Wal-Mart Stores, Inc.	969,300		58,051,377
Yum! Brands, Inc.	12,700		414,147
			106,369,403
Consumer, Non-cyclical - 40.51%
Abbott Laboratories	171,400		9,869,212
Altria Group, Inc.	423,600		8,404,224
AmerisourceBergen Corp.	22,800		858,420
Amgen, Inc. *	110,000		6,519,700
Anheuser-Busch Companies, Inc.	16,900		1,096,472
Apollo Group, Inc., Class A *	12,500		741,250
Archer-Daniels-Midland Company	28,900		633,199
Avon Products, Inc.	44,300		1,841,551
Baxter International, Inc.	4,600		301,898

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Non-cyclical (continued)
Becton, Dickinson & Company	4,300	$	345,118
BioMarin Pharmaceutical, Inc. *	3,100		82,119
Bristol-Myers Squibb Company	32,300		673,455
C.R. Bard, Inc.	3,000		284,610
Campbell Soup Company	9,000		347,400
Cardinal Health, Inc.	21,600		1,064,448
Clorox Company	12,200		764,818
Colgate-Palmolive Company	101,400		7,640,490
Covance, Inc. *	2,300		203,343
Coventry Health Care, Inc. *	72,700		2,366,385
Covidien, Ltd.	2,300		123,648
Estee Lauder Companies, Inc., Class A	29,200		1,457,372
Express Scripts, Inc. *	44,300		3,270,226
Forest Laboratories, Inc. *	82,900		2,344,412
Genentech, Inc. *	7,000		620,760
General Mills, Inc.	23,500		1,614,920
Genzyme Corp. *	5,600		452,984
Gilead Sciences, Inc. *	125,500		5,720,290
H.J. Heinz Company	9,300		464,721
Hansen Natural Corp. *	3,400		102,850
Illumina, Inc. *	4,200		170,226
Intuitive Surgical, Inc. *	2,800		674,744
Invitrogen Corp. *	3,600		136,080
ITT Educational Services, Inc. *	5,500		445,005
Johnson & Johnson	768,700		53,255,536
Kellogg Company	25,600		1,436,160
Kimberly-Clark Corp.	81,100		5,258,524
Kraft Foods, Inc., Class A	58,076		1,901,989
Manpower, Inc.	2,700		116,532
McKesson Corp.	74,900		4,030,369
Medco Health Solutions, Inc. *	21,300		958,500
Medtronic, Inc.	145,300		7,279,530
Merck & Company, Inc.	198,200		6,255,192
PepsiCo, Inc.	523,000		37,274,210
Pfizer, Inc.	2,657,400		49,002,456
Philip Morris International, Inc.	251,500		12,097,150
Procter & Gamble Company	416,200		29,004,978
Quest Diagnostics, Inc.	4,000		206,680
Stryker Corp.	46,100		2,872,030
SUPERVALU, Inc.	10,279		223,054
The Coca-Cola Company	788,400		41,690,592
The Kroger Company	13,000		357,240
Tyson Foods, Inc., Class A	14,700		175,518
UnitedHealth Group, Inc.	919,200		23,338,488
UST, Inc.	30,100		2,002,854
Varian Medical Systems, Inc. *	4,900		279,937
WellPoint, Inc. *	132,600		6,201,702
Western Union Company	28,100		693,227
William Wrigley, Jr. Company	21,100		1,675,340
Wyeth	229,900		8,492,506
Zimmer Holdings, Inc. *	157,800		10,187,568
			367,904,212
Diversified - 0.05%
Leucadia National Corp.	9,300		422,592

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

429

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy - 15.40%
Anadarko Petroleum Corp.	28,900	$	1,401,939
Apache Corp.	31,380		3,272,306
Arch Coal, Inc.	3,700		121,693
Baker Hughes, Inc.	4,300		260,322
BJ Services Company	9,600		183,648
Cabot Oil & Gas Corp.	2,300		83,122
Cameron International Corp. *	11,300		435,502
Chesapeake Energy Corp.	32,500		1,165,450
Chevron Corp.	521,400		43,005,072
Cimarex Energy Company	1,800		88,038
ConocoPhillips	154,900		11,346,425
Denbury Resources, Inc. *	4,800		91,392
Devon Energy Corp.	26,000		2,371,200
Diamond Offshore Drilling, Inc.	5,500		566,830
ENSCO International, Inc.	1,500		86,445
EOG Resources, Inc.	15,390		1,376,790
Exxon Mobil Corp.	728,000		56,536,480
Foundation Coal Holdings, Inc.	1,700		60,486
Frontier Oil Corp.	5,500		101,310
Halliburton Company	21,300		689,907
Helmerich & Payne, Inc.	3,600		155,484
Hess Corp.	19,730		1,619,438
Murphy Oil Corp.	11,500		737,610
Nabors Industries, Ltd. *	13,300		331,436
Newfield Exploration Company *	4,200		134,358
Noble Corp.	7,200		316,080
Noble Energy, Inc.	6,100		339,099
Occidental Petroleum Corp.	82,900		5,840,305
Patterson-UTI Energy, Inc.	3,700		74,074
Peabody Energy Corp.	4,200		189,000
Pioneer Natural Resources Company	3,100		162,068
Plains Exploration & Production Company *	3,500		123,060
Quicksilver Resources, Inc. *	4,200		82,446
Range Resources Corp.	3,200		137,184
Schlumberger, Ltd.	12,830		1,001,895
Smith International, Inc.	8,200		480,848
Southwestern Energy Company *	20,400		623,016
Spectra Energy Corp.	3,700		88,060
Sunoco, Inc.	6,000		213,480
Transocean, Inc. *	14,350		1,576,204
Valero Energy Corp.	39,300		1,190,790
Weatherford International, Ltd. *	23,700		595,818
Whiting Petroleum Corp. *	1,000		71,260
XTO Energy, Inc.	11,725		545,447
			139,872,817
Financial - 3.92%
Aetna, Inc.	9,600		346,656
AFLAC, Inc.	30,000		1,762,500
Allstate Corp.	80,100		3,694,212
American International Group, Inc.	113,500		377,955
Aon Corp.	9,700		436,112
Assurant, Inc.	7,500		412,500
Bank of America Corp.	163,800		5,733,000
BB&T Corp.	24,300		918,540
BlackRock, Inc.	4,230		822,735
Brown & Brown, Inc.	19,700		425,914

U.S. Multi Sector Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Capital One Financial Corp.	4,400	$	224,400
Charles Schwab Corp.	13,300		345,800
Chubb Corp.	82,100		4,507,290
Citigroup, Inc.	261,800		5,369,518
CNA Financial Corp.	3,800		99,712
Comerica, Inc.	8,400		275,436
Federal National Mortgage Association	69,900		106,947
Fifth Third Bancorp	5,300		63,070
First American Corp.	7,900		233,050
Goldman Sachs Group, Inc.	1,300		166,400
Hartford Financial Services Group, Inc.	9,900		405,801
Hudson City Bancorp, Inc.	29,900		551,655
KeyCorp	4,700		56,118
Markel Corp. *	800		281,200
Marsh & McLennan Companies, Inc.	2,900		92,104
Merrill Lynch & Company, Inc.	3,500		88,550
MetLife, Inc.	4,400		246,400
MGIC Investment Corp.	10,400		73,112
Morgan Stanley	4,900		112,700
Nasdaq Stock Market, Inc. *	2,800		85,596
Northern Trust Corp.	2,400		173,280
Old Republic International Corp.	15,325		195,394
Progressive Corp.	38,600		671,640
State Street Corp.	8,200		466,416
SunTrust Banks, Inc.	2,000		89,980
T. Rowe Price Group, Inc.	4,600		247,066
The Travelers Companies, Inc.	55,600		2,513,120
Torchmark Corp.	9,500		568,100
Transatlantic Holdings, Inc.	8,400		456,540
U.S. Bancorp	36,400		1,311,128
Unum Group	13,100		328,810
W.R. Berkley Corp.	4,500		105,975
Wells Fargo & Company	3,800		142,614
			35,585,046
Industrial - 4.64%
3M Company	101,100		6,906,141
AGCO Corp. *	1,500		63,915
Arrow Electronics, Inc. *	2,400		62,928
Avnet, Inc. *	7,500		184,725
Burlington Northern Santa Fe Corp.	11,040		1,020,427
C.H. Robinson Worldwide, Inc.	41,000		2,089,360
CSX Corp.	19,400		1,058,658
Danaher Corp.	56,900		3,948,860
Deere & Company	31,700		1,569,150
Emerson Electric Company	14,800		603,692
Energizer Holdings, Inc. *	7,900		636,345
FedEx Corp.	3,600		284,544
FLIR Systems, Inc. *	5,200		199,784
Flowserve Corp.	2,400		213,048
Fluor Corp.	11,300		629,410
FMC Technologies, Inc. *	3,600		167,580
General Dynamics Corp.	109,600		8,068,752
Jacobs Engineering Group, Inc. *	9,500		515,945
Joy Global, Inc.	3,500		157,990
Lockheed Martin Corp.	1,670		183,149
Manitowoc Company, Inc.	3,100		48,205

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

430

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

U.S. Multi Sector Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Industrial (continued)
Masco Corp.		6,400	$	114,816
Norfolk Southern Corp.		9,100		602,511
Northrop Grumman Corp.		1,900		115,026
Owens-Illinois, Inc. *		10,400		305,760
Parker-Hannifin Corp.		10,500		556,500
Precision Castparts Corp.		3,200		252,096
Rockwell Collins, Inc.		1,800		86,562
Ryder Systems, Inc.		1,400		86,800
SPX Corp.		1,000		77,000
Textron, Inc.		10,600		310,368
Tyco International, Ltd.		19,575		685,516
Union Pacific Corp.		11,000		782,760
United Parcel Service, Inc., Class B		55,000		3,458,950
United Technologies Corp.		101,100		6,072,066
				42,119,339
Technology - 10.11%
Affiliated Computer Services, Inc., Class A *		5,300		268,339
Apple, Inc. *		26,150		2,972,209
BMC Software, Inc. *		5,600		160,328
Citrix Systems, Inc. *		26,500		669,390
Cognizant Technology Solutions Corp.,
Class A *		5,500		125,565
Dell, Inc. *		128,700		2,120,976
EMC Corp. *		30,900		369,564
Fiserv, Inc. *		36,400		1,722,448
Hewlett-Packard Company		26,900		1,243,856
Intel Corp.		45,200		846,596
International Business Machines Corp.		84,380		9,869,085
Intuit, Inc. *		6,600		208,626
L-3 Communications Holdings, Inc.		25,800		2,536,656
Lexmark International, Inc. *		9,600		312,672
MasterCard, Inc., Class A		5,530		980,635
Microsoft Corp.		1,718,800		45,874,772
Oracle Corp. *		1,001,500		20,340,465
Raytheon Company		6,500		347,815
Salesforce.com, Inc. *		4,100		198,440
SEI Investments Company		14,400		319,680
Total Systems Services, Inc.		6,800		111,520
Western Digital Corp. *		11,200		238,784
				91,838,421
Utilities - 0.10%
Exelon Corp.		4,800		300,576
FirstEnergy Corp.		6,200		415,338
The Southern Company		5,100		192,219
				908,133
TOTAL COMMON STOCKS (Cost $981,722,541)			$	880,471,938
SHORT TERM INVESTMENTS - 0.01%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	103,235	$	103,235
TOTAL SHORT TERM INVESTMENTS
(Cost $103,235)			$	103,235

U.S. Multi Sector Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 3.10%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$28,137,977 on 10/01/2008,
collateralized by $28,525,000
Federal Home Loan Bank, 2.275%
due 04/24/2009 (valued at
$28,703,281, including interest)	$	28,137,000	$	28,137,000
TOTAL REPURCHASE AGREEMENTS
(Cost $28,137,000)			$	28,137,000
Total Investments (U.S. Multi Sector Trust)
(Cost $1,009,962,776) - 100.06%			$	908,712,173
Liabilities in Excess of Other Assets - (0.06)%				(500,346)
TOTAL NET ASSETS - 100.00%			$	908,211,827

Utilities Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 94.56%
Communications - 31.87%
America Movil SA de CV, Series L, ADR	93,080	$	4,315,189
AT&T, Inc.	136,610		3,814,151
Cellcom Israel, Ltd.	114,230		3,433,754
DIRECTV Group, Inc. *	75,400		1,973,218
Embarq Corp.	59,840		2,426,512
Grupo Televisa SA, SADR	89,320		1,953,428
Hutchison Telecommunications
International, Ltd. *	998,000		1,114,514
Koninklijke (Royal) KPN NV	118,390		1,709,781
Megacable Holdings SAB de CV *	455,200		645,142
Mobile Telesystems, SADR	40,010		2,240,960
MTN Group, Ltd.	99,860		1,409,072
NII Holdings, Inc. *	72,470		2,748,062
Philippine Long Distance Telephone
Company, SADR	16,760		944,258
Philippine Long Distance Telephone Company	17,960		1,033,892
Qwest Communications International, Inc. (a)	234,960		758,921
Rogers Communications, Inc., Class B	163,250		5,295,175
Telecom Argentina SA, ADR, B Shares *	55,540		680,365
Telefonica SA	199,570		4,745,288
Telenor ASA	139,050		1,731,513
Telus Corp. - Non Voting Shares	57,950		2,075,146
Tim Participacoes SA *	61,970		1,292,694
Time Warner Cable, Inc. *	153,200		3,707,440
Verizon Communications, Inc.	94,810		3,042,453
Vodafone Group PLC	1,589,960		3,511,315
Windstream Corp.	100,388		1,098,245
			57,700,488
Energy - 17.21%
Devon Energy Corp.	4,900		446,880
EDP Renovaveis SA *	62,448		491,441
El Paso Corp.	344,080		4,390,461
EOG Resources, Inc.	9,300		831,978
Equitable Resources, Inc.	162,560		5,962,701

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

431

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Utilities Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy (continued)
Halliburton Company	96,000	$	3,109,440
National Oilwell Varco, Inc. *	21,900		1,100,037
Noble Corp.	30,410		1,334,999
OAO Gazprom, SADR	2,500		77,375
OAO Gazprom, SADR	25,140		803,384
Questar Corp.	76,351		3,124,283
Spectra Energy Corp.	96,600		2,299,080
Ultra Petroleum Corp. *	18,200		1,007,188
Williams Companies, Inc.	190,651		4,508,896
XTO Energy, Inc.	35,700		1,660,764
			31,148,907
Industrial - 0.32%
Acciona SA	3,760		573,058
Utilities - 45.16%
AES Corp. *	255,950		2,992,055
AES Tiete SA	178,736		1,446,495
Allegheny Energy, Inc.	101,330		3,725,904
American Electric Power Company, Inc.	113,040		4,185,871
CEZ AS	38,680		2,421,245
CMS Energy Corp.	341,400		4,257,258
Constellation Energy Group, Inc.	58,171		1,413,555
Dominion Resources, Inc.	69,240		2,962,087
DPL, Inc.	79,930		1,982,264
Dynegy, Inc., Class A *	425,200		1,522,216
E.ON AG	105,537		5,312,403
Edison International	113,030		4,509,897
Enagas	74,691		1,610,627
Energen Corp.	37,500		1,698,000
Enersis SA, SADR	11,740		191,597
FirstEnergy Corp.	56,830		3,807,042
Fortum Corp. Oyj	17,400		583,931
FPL Group, Inc.	11,300		568,390
Iberdrola Renovables *	134,800		589,008
International Power PLC	356,030		2,303,757
Northeast Utilities	123,470		3,167,006
NRG Energy, Inc. *	257,870		6,382,282
Oesterreichische Elektrizitaets AG, Class A	20,310		1,249,914
PG&E Corp.	79,560		2,979,522
PPL Corp.	81,200		3,006,024
Public Service Enterprise Group, Inc.	120,190		3,941,030
Red Electrica De Espana	45,595		2,321,761
Reliant Energy, Inc. *	171,390		1,259,717
RWE AG	15,600		1,487,251
Scottish & Southern Energy PLC	17,280		439,703
Sempra Energy	87,760		4,429,247
Wisconsin Energy Corp.	2,490		111,801
Xcel Energy, Inc.	144,320		2,884,957
			81,743,817
TOTAL COMMON STOCKS (Cost $210,113,777)		$	171,166,270
PREFERRED STOCKS - 3.63%
Communications - 0.08%
Net Servicos de Comunicacao SA (i)	16,822		143,477

Utilities Trust (continued)
		Shares or
		Principal
		Amount		Value
PREFERRED STOCKS (continued)
Energy - 0.83%
El Paso Corp.		1,460	$	1,507,771
Utilities - 2.72%
Eletropaulo Metropolitana de Sao Paulo SA (i)		205,500		2,861,816
NRG Energy, Inc. *		9,320		2,064,231
				4,926,047
TOTAL PREFERRED STOCKS (Cost $7,422,793)			$	6,577,295
CONVERTIBLE BONDS - 0.54%
Energy - 0.54%
Peabody Energy Corp.
4.75% due 12/15/2041		1,076,000		983,601
TOTAL CONVERTIBLE BONDS (Cost $1,184,616)			$	983,601
SHORT TERM INVESTMENTS - 0.43%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	767,111	$	767,111
TOTAL SHORT TERM INVESTMENTS
(Cost $767,111)			$	767,111
Total Investments (Utilities Trust)
(Cost $219,488,297) - 99.16%			$	179,494,277
Other Assets in Excess of Liabilities - 0.84%				1,519,604
TOTAL NET ASSETS - 100.00%			$	181,013,881

Value Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 96.51%
Basic Materials - 9.10%
Domtar Corp. *	1,571,300	$	7,227,980
International Flavors & Fragrances, Inc.	151,844		5,991,764
Valspar Corp.	388,640		8,662,786
			21,882,530
Consumer, Cyclical - 10.60%
Autoliv, Inc.	144,700		4,883,625
Harley-Davidson, Inc.	139,599		5,207,043
Macy's, Inc.	289,200		5,199,816
Newell Rubbermaid, Inc.	403,440		6,963,374
O'Reilly Automotive, Inc. *	120,700		3,231,139
			25,484,997
Consumer, Non-cyclical - 21.59%
Apollo Group, Inc., Class A *	42,004		2,490,837
Avery Dennison Corp.	155,600		6,921,088
Beckman Coulter, Inc.	110,130		7,818,129
Brookdale Senior Living, Inc.	223,100		4,905,969
ConAgra Foods, Inc.	339,520		6,607,059
Estee Lauder Companies, Inc., Class A	184,290		9,197,914
Health Management Associates, Inc., Class A *	961,400		3,999,424
Healthsouth Corp. *	539,944		9,951,168
			51,891,588

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

432

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Value Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Energy - 3.06%
El Paso Corp.	273,070	$	3,484,373
Hess Corp.	47,180		3,872,534
			7,356,907
Financial - 21.82%
ACE, Ltd.	163,843		8,868,822
Aspen Insurance Holdings, Ltd.	256,356		7,049,790
CapitalSource, Inc.	520,700		6,404,610
CIT Group, Inc.	695,700		4,842,072
Invesco, Ltd.	311,046		6,525,745
KeyCorp	229,800		2,743,812
Marsh & McLennan Companies, Inc.	314,511		9,988,869
Northern Trust Corp.	83,439		6,024,296
			52,448,016
Industrial - 11.25%
Flextronics International, Ltd. *	797,031		5,642,980
Goodrich Corp.	110,590		4,600,544
Pentair, Inc.	281,460		9,730,072
Zebra Technologies Corp., Class A *	253,600		7,062,760
			27,036,356
Technology - 10.11%
Diebold, Inc.	246,070		8,147,378
Perot Systems Corp., Class A *	518,780		9,000,833
Pitney Bowes, Inc.	214,770		7,143,250
			24,291,461
Utilities - 8.98%
American Electric Power Company, Inc.	136,290		5,046,819
DPL, Inc.	146,470		3,632,456
NRG Energy, Inc. *	202,000		4,999,500
Wisconsin Energy Corp.	175,770		7,892,073
			21,570,848
TOTAL COMMON STOCKS (Cost $256,834,523)		$	231,962,703
Total Investments (Value Trust)
(Cost $256,834,523) - 96.51%		$	231,962,703
Other Assets in Excess of Liabilities - 3.49%			8,392,739
TOTAL NET ASSETS - 100.00%		$	240,355,442

Value & Restructuring Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 93.93%
Basic Materials - 8.87%
Celanese Corp., Series A	256,766	$	7,166,339
Companhia Vale Do Rio Doce, ADR *	213,284		4,084,389
Freeport-McMoRan Copper & Gold, Inc.,
Class B	96,743		5,499,840
Grupo Mexico SA	2,573,040		2,705,615
Lanxess AG	123,099		3,390,162
PPG Industries, Inc.	115,821		6,754,681
Schnitzer Steel Industries, Inc.	111,484		4,374,632
Smurfit-Stone Container Corp. *	289,379		1,360,081

Value & Restructuring Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Basic Materials (continued)
Southern Copper Corp.	306,134	$	5,841,037
			41,176,776
Communications - 9.95%
America Movil SA de CV, Series L, ADR	294,392		13,648,013
CBS Corp., Class B	191,421		2,790,918
CommScope, Inc. * (a)	151,207		5,237,811
DataPath, Inc. * (g)	78,000		117,000
DISH Network Corp. *	120,885		2,538,585
Harris Corp.	290,657		13,428,353
Nokia Oyj, SADR	283,068		5,279,218
Windstream Corp.	286,600		3,135,404
			46,175,302
Consumer, Cyclical - 4.08%
Centex Corp.	170,084		2,755,361
Copa Holdings SA, Class A	140,641		4,570,832
Gol-Linhas Aereas Inteligentes SA (a)	171,374		1,113,931
Newell Rubbermaid, Inc.	243,392		4,200,946
The TJX Companies, Inc.	207,228		6,324,599
			18,965,669
Consumer, Non-cyclical - 11.77%
AerCap Holdings NV *	320,892		3,404,664
AmerisourceBergen Corp.	140,738		5,298,786
Avon Products, Inc.	186,073		7,735,055
Baxter International, Inc.	114,609		7,521,789
Bristol-Myers Squibb Company	229,804		4,791,413
Dean Foods Company *	201,729		4,712,389
Lorillard, Inc.	231,247		16,453,224
RSC Holdings, Inc. *	233,972		2,657,922
United Rentals, Inc. *	134,935		2,056,409
			54,631,651
Energy - 22.36%
Alpha Natural Resources, Inc. * (a)	191,661		9,857,125
Anadarko Petroleum Corp.	129,860		6,299,509
ConocoPhillips	153,018		11,208,568
CONSOL Energy, Inc.	231,249		10,612,017
Devon Energy Corp.	128,412		11,711,174
El Paso Corp.	344,072		4,390,359
Foundation Coal Holdings, Inc.	102,621		3,651,255
Hercules Offshore, Inc. *	227,246		3,445,049
Murphy Oil Corp.	79,946		5,127,736
Noble Energy, Inc.	111,307		6,187,556
PetroHawk Energy Corp. *	258,950		5,601,089
Petroleo Brasileiro SA, ADR	398,441		17,511,482
Petroplus Holdings AG *	68,937		2,637,017
Rosetta Resources, Inc. * (g)	76,885		1,411,609
Rosetta Resources, Inc. *	30,321		556,694
W&T Offshore, Inc.	133,093		3,632,108
			103,840,347
Financial - 15.71%
ACE, Ltd.	211,121		11,427,980
Apollo Investment Corp.	206,131		3,514,533
Castlepoint Holdings, Ltd. * (g)	68,288		760,045
Castlepoint Holdings, Ltd.	65,203		725,709
CIT Group, Inc.	184,057		1,281,037

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

433

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Value & Restructuring Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Financial (continued)
DiamondRock Hospitality Company, REIT		305,597	$	2,780,933
Genworth Financial, Inc., Class A		196,959		1,695,817
Goldman Sachs Group, Inc.		53,000		6,784,000
Host Hotels & Resorts, Inc., REIT		194,100		2,579,589
Invesco, Ltd.		332,763		6,981,368
JHSF Participacoes SA		38,034		65,958
JPMorgan Chase & Company		170,848		7,978,602
Loews Corp.		112,761		4,452,932
MetLife, Inc.		156,359		8,756,104
Morgan Stanley		206,954		4,759,942
PNC Financial Services Group, Inc.		104,709		7,821,762
Primus Guaranty, Ltd. *		180,300		472,386
Vintage Wine Trust, Inc. (g)		82,385		82,385
				72,921,082
Industrial - 17.35%
Aecom Technology Corp. *		133,956		3,273,885
AGCO Corp. *		188,069		8,013,620
Arlington Tankers, Ltd.		62,185		956,405
Black & Decker Corp.		165,884		10,077,453
Eaton Corp.		96,697		5,432,438
Empresa Brasileira de Aeronautica SA, ADR		191,670		5,177,007
Leggett & Platt, Inc. (a)		242,084		5,275,010
Omega Navigation Enterprises, Inc.		30,620		399,897
Rockwell Automation, Inc.		123,580		4,614,477
Ryder Systems, Inc.		111,422		6,908,164
Sterlite Industries India, Ltd.		298,873		2,692,846
Tyco International, Ltd.		179,853		6,298,452
Union Pacific Corp.		201,740		14,355,818
United Technologies Corp.		118,115		7,093,987
				80,569,459
Technology - 2.40%
International Business Machines Corp.		95,317		11,148,276
Utilities - 1.44%
Enel SpA		221,801		1,851,524
Entergy Corp.		54,502		4,851,223
				6,702,747
TOTAL COMMON STOCKS (Cost $474,001,315)			$	436,131,309
PREFERRED STOCKS - 0.95%
Basic Materials - 0.32%
Celanese Corp., 4.25%		41,995		1,478,224
Financial - 0.63%
American International Group, Inc., 8.50%		95,000		816,050
CIT Group, Inc., 7.75%		239,661		2,097,035
				2,913,085
TOTAL PREFERRED STOCKS (Cost $12,282,030)			$	4,391,309
SHORT TERM INVESTMENTS - 4.19%
John Hancock Cash
Investment Trust, 2.6453% (c)(f)	$	19,445,924	$	19,445,924
TOTAL SHORT TERM INVESTMENTS
(Cost $19,445,924)			$	19,445,924

Value & Restructuring Trust (continued)
		Shares or
		Principal
		Amount		Value
REPURCHASE AGREEMENTS - 8.18%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$37,990,319 on 10/1/2008,
collateralized by $38,645,000
Federal Home Loan Mortgage
Corp., 4.15% due 01/29/2013
(valued at $38,751,660, including
interest)	$	37,989,000	$	37,989,000
TOTAL REPURCHASE AGREEMENTS
(Cost $37,989,000)			$	37,989,000
Total Investments (Value & Restructuring Trust)
(Cost $543,718,269) - 107.25%			$	497,957,542
Liabilities in Excess of Other Assets - (7.25)%				(33,664,729)
TOTAL NET ASSETS - 100.00%			$	464,292,813

Vista Trust
	Shares or
	Principal
	Amount		Value
COMMON STOCKS - 95.43%
Basic Materials - 5.46%
Cliffs Natural Resources, Inc.	4,900	$	259,406
FMC Corp.	5,200		267,228
Intrepid Potash, Inc. *	5,504		165,891
Monsanto Company	13,000		1,286,740
Syngenta AG	4,597		969,433
Temple-Inland, Inc.	28,400		433,384
			3,382,082
Communications - 7.30%
McAfee, Inc. *	13,900		472,044
Netease.com, Inc., ADR *	21,300		485,640
NII Holdings, Inc. *	27,000		1,023,840
SBA Communications Corp. *	60,258		1,558,875
Sohu.com, Inc. *	8,800		490,600
Symantec Corp. *	25,200		493,416
			4,524,415
Consumer, Cyclical - 18.04%
Advance Auto Parts, Inc.	8,100		321,246
AMR Corp. *	13,200		129,624
Big Lots, Inc. *	22,200		617,826
Central European Distribution Corp. *	7,037		319,550
Children's Place Retail Stores, Inc. *	22,600		753,710
Collective Brands, Inc. *	19,900		364,369
Continental Airlines, Inc., Class B *	5,400		90,072
Delta Air Lines, Inc. *	17,700		131,865
Dollar Tree, Inc. *	40,200		1,461,672
Foot Locker, Inc.	21,100		340,976
GameStop Corp., Class A *	8,800		301,048
Hibbett Sports, Inc. *	7,100		142,142
Jones Apparel Group, Inc.	19,500		360,945
KB Home	5,700		112,176
Meritage Homes Corp. *	9,800		242,060
Northwest Airlines Corp. *	14,900		134,547
NVR, Inc. *	400		228,800

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

434

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Vista Trust (continued)
	Shares or
	Principal
	Amount		Value
COMMON STOCKS (continued)
Consumer, Cyclical (continued)
Panera Bread Company, Class A *	13,600	$	692,240
PetSmart, Inc.	12,700		313,817
Pulte Homes, Inc.	8,000		111,760
Ross Stores, Inc.	36,611		1,347,651
The TJX Companies, Inc.	31,600		964,432
Toll Brothers, Inc. *	10,000		252,300
UAL Corp. *	4,700		41,313
Under Armour, Inc., Class A *	5,000		158,800
Urban Outfitters, Inc. *	18,800		599,156
W.W. Grainger, Inc.	3,700		321,789
Warnaco Group, Inc. *	7,100		321,559
			11,177,445
Consumer, Non-cyclical - 27.97%
Alexion Pharmaceuticals, Inc. *	8,000		314,400
Cephalon, Inc. *	4,700		364,203
Chattem, Inc. *	6,700		523,806
Corinthian Colleges, Inc. *	28,200		423,000
Covidien, Ltd.	24,200		1,300,992
CSL, Ltd.	15,200		460,483
Dean Foods Company *	14,200		331,712
DeVry, Inc.	7,300		361,642
Edwards Lifesciences Corp. *	8,200		473,632
Express Scripts, Inc. *	20,000		1,476,400
FTI Consulting, Inc. *	9,800		707,952
H.J. Heinz Company	25,700		1,284,229
ITT Educational Services, Inc. *	12,400		1,003,284
Kellogg Company	5,700		319,770
Medco Health Solutions, Inc. *	31,200		1,404,000
Omnicare, Inc.	31,200		897,624
Parexel International Corp. *	21,700		621,922
Perrigo Company	28,000		1,076,880
Pharmaceutical Product Development, Inc.	7,900		326,665
Quanta Services, Inc. *	61,333		1,656,604
Ralcorp Holdings, Inc. *	5,200		350,532
St. Jude Medical, Inc. *	7,400		321,826
Strayer Education, Inc.	1,700		340,442
TreeHouse Foods, Inc. *	1,099		32,640
Varian Medical Systems, Inc. *	16,700		954,071
			17,328,711
Energy - 7.65%
Alpha Natural Resources, Inc. *	5,900		303,437
Continental Resources, Inc. *	7,000		274,610
Dresser-Rand Group, Inc. *	14,400		453,168
Helmerich & Payne, Inc.	6,800		293,692
JA Solar Holdings Company, Ltd. *	13,400		141,772
LDK Solar Company, Ltd., ADR *	13,100		393,262
PetroHawk Energy Corp. *	39,207		848,047
Smith International, Inc.	13,100		768,184
Southwestern Energy Company *	10,100		308,454
Weatherford International, Ltd. *	27,300		686,322
Whiting Petroleum Corp. *	3,800		270,788
			4,741,736
Financial - 4.70%
Aon Corp.	6,900		310,224
BlackRock, Inc.	1,600		311,200

Vista Trust (continued)
		Shares or
		Principal
		Amount		Value
COMMON STOCKS (continued)
Financial (continued)
Hancock Holding Company		2,900	$	147,900
Hudson City Bancorp, Inc.		45,400		837,630
Lazard, Ltd., Class A		7,600		324,976
Marsh & McLennan Companies, Inc.		9,900		314,424
Raymond James Financial, Inc.		10,700		352,886
Stifel Financial Corp. *		1,300		64,870
TCF Financial Corp.		13,645		245,610
				2,909,720
Funds - 2.87%
Midcap SPDR Trust, Series 1		13,500		1,779,300
Industrial - 14.61%
Amphenol Corp., Class A		11,800		473,652
Bucyrus International, Inc., Class A		7,000		312,760
Crown Holdings, Inc. *		37,600		835,096
CSX Corp.		11,900		649,383
Energy Conversion Devices, Inc. *		9,500		553,375
Flowserve Corp.		13,000		1,154,010
J.B. Hunt Transport Services, Inc.		9,600		320,352
Kansas City Southern *		14,400		638,784
Norfolk Southern Corp.		7,700		509,817
Thermo Fisher Scientific, Inc. *		35,800		1,969,000
Union Pacific Corp.		11,100		789,876
Vestas Wind Systems AS *		5,900		514,980
Waste Connections, Inc. *		9,672		331,750
				9,052,835
Technology - 6.83%
Activision Blizzard, Inc. *		95,100		1,467,393
Altera Corp.		24,200		500,456
Broadcom Corp., Class A *		9,200		171,396
First Solar, Inc. *		2,400		453,384
MasterCard, Inc., Class A		1,000		177,330
Microsemi Corp. *		26,244		668,697
PMC-Sierra, Inc. *		68,800		510,496
VeriFone Holdings, Inc. *		17,200		284,488
				4,233,640
TOTAL COMMON STOCKS (Cost $63,679,778)			$	59,129,884
REPURCHASE AGREEMENTS - 3.67%
Repurchase Agreement with State
Street Corp. dated 09/30/2008 at
1.25% to be repurchased at
$2,274,079 on 10/01/2008,
collateralized by $2,250,000
Federal Home Loan Mortgage
Corp., 5.40% due 06/04/2012
(valued at $2,322,810, including
interest)	$	2,274,000	$	2,274,000
TOTAL REPURCHASE AGREEMENTS
(Cost $2,274,000)			$	2,274,000
Total Investments (Vista Trust)
(Cost $65,953,778) - 99.10%			$	61,403,884
Other Assets in Excess of Liabilities - 0.90%				560,353
TOTAL NET ASSETS - 100.00%			$	61,964,237

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

435

JOHN HANCOCK TRUST

PORTFOLIO OF INVESTMENTS - September 30, 2008 (Unaudited) - continued
(showing percentage of total net assets)

Footnotes
Percentages are stated as a percent of net assets.
Key to Currency Abbreviations
ARS	- Argentine Peso
AUD	- Australian Dollar
BRL	- Brazilian Real
CAD	- Canadian Dollar
COP	- Colombian Peso
DKK	- Danish Krone
EGP	- Egyptian Pound
EUR	- Euro
GBP	- British Pound
HKD	- Hong Kong Dollar
HUF	- Hungarian Forint
IDR	- Indonesian Rupiah
JPY	- Japanese Yen
MXN	- Mexican Peso
MYR	- Malaysian Ringgit
NGN	- Nigerian Naira
NZD	- New Zealand Dollar
PLN	- Polish Zloty
RUB	- Russian Ruble
SEK	- Swedish Krona
TRY	- Turkish Lira
ZAR	- South African Rand

Key to Security Abbreviations and Legend
ADR	- American Depositary Receipts
BKNT	- Bank Note
CDO	- Collateralized Debt Obligation
EMTN	- European Medium Term Note
GDR	- Global Depositary Receipts
GMTN	- Global Medium Term Note
IO	- Interest Only (Carries notional principal amount)
MTN	- Medium Term Note
PIK	- Paid In Kind
PO	- Principal Only
REIT	- Real Estate Investment Trust
REMIC - Real Estate Mortgage Investment Conduit
SADR	- Sponsored American Depositary Receipts
SPDR	- Standard & Poor's Depositary Receipts
TBA	- To Be Announced

^	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)	Variable rate obligation. The coupon rate shown represents the rate at
	period end.
(c)	The investment is an affiliate of the fund, the adviser and/or the subadviser.
(d)	Principal amount of security is adjusted for inflation.
(e)	Security Fair Valued on September 30, 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.
(i)	Variable Rate Preferred
(j)	The underlying fund's subadviser.
(k)	The subadviser is an affiliate of the adviser.
**	Purchased on a forward commitment
****	At September 30, 2008, all or a portion of this security was segregated at broker to cover margin requirements for open futures contracts.

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

436

Notes to the Schedule of Investments (Unaudited)

Security Valuation The net asset value of the common 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 Portfolios are valued in accordance with their respective valuation policies, as outlined in the underlying Portfolios’ 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. Listed options, if no closing price is available, are valued at the mean between the last bid and the ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by management using an independent source at the mean between the last bid and ask prices. Swaps are generally valued at an evaluated bid as reported by management using an independent pricing service. All other securities held by the Portfolios and by the underlying affiliated Portfolios 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 portfolio securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith by the Trust’s Pricing Committee in accordance with procedures adopted by 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 that tracks foreign markets in which Portfolios have significant investments. If a significant market event occurs due to a change in the value of the index, 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.

Other portfolio securities and assets for which market quotations are not readily available are valued at fair value as determined in good faith by the Trust’s Pricing Committee in accordance with procedures adopted by the Board of Trustees.

Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity.

Certain Portfolios of the Trust may invest a portion of their assets in securities of issuers that hold mortgage securities including subprime mortgage securities. The value of these securities is sensitive to changes in economic conditions, including delinquencies and/or defaults and may be adversely affected by shifts in the market’s 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 Fund’s fiscal year. FAS 157 established a three-tier hierarchy to prioritize the assumptions, referred to as inputs, used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed 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 September 30, 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	$1,816,327,931	($927,351)
Level 2 - Other Significant Observable Inputs	19,635,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$1,835,962,931	($927,351)
Active Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$35,456,632	-
Level 2 - Other Significant Observable Inputs	2,426,781,640	-
Level 3 – Significant Unobservable Inputs	74,579,799	-
Total	$2,536,818,071	-
All Cap Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$221,339,326	-
Level 2 - Other Significant Observable Inputs	39,133,269	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$260,472,595	-
American Asset Allocation
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$842,353,208	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$842,353,208	-
American Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$833,990,005	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$833,990,005	-
American Fundamental Holdings
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$538,903,873	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$538,903,873	-

500 Index B
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$890,158,719	($154,464)
Level 2 - Other Significant Observable Inputs	2,560,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$892,718,719	($154,464)
All Cap Core
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$752,543,182	($5,491,933)
Level 2 - Other Significant Observable Inputs	90,659,520	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$843,202,702	($5,491,933)
All Cap Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$97,964,827	-
Level 2 - Other Significant Observable Inputs	162,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$98,126,827	-
American Blue Chip Income and Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$131,872,157	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$131,872,157	-
American Diversification Growth & Income
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$880,934	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$880,934	-
American Global Diversification
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$580,467,334	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$580,467,334	-

American Global Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$195,031,657	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$195,031,657	-
American Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$1,372,934,741	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$1,372,934,741	-
American High-Income Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$43,370,346	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$43,370,346	-
American New World
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$58,639,218	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$58,639,218	-
Capital Appreciation
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$1,044,503,256	-
Level 2 - Other Significant Observable Inputs	8,768,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$1,053,271,256	-
Classic Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$39,849,847	-
Level 2 - Other Significant Observable Inputs	800,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$40,649,847	-

American Global Small Capitalization
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$67,080,465	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$67,080,465	-
American Growth-Income
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$1,102,117,142	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$1,102,117,142	-
American International
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$909,999,554	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$909,999,554	-
Blue Chip Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$2,550,286,393	-
Level 2 - Other Significant Observable Inputs	63,515,559	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$2,613,801,952	-
Capital Appreciation Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$61,293,703	($8,697)
Level 2 - Other Significant Observable Inputs	34,307,785	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$95,601,488	($8,697)
Core Allocation Plus
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$17,106,768	($151,450)
Level 2 - Other Significant Observable Inputs	26,100,684	29,863
Level 3 – Significant Unobservable Inputs	-	-
Total	$43,207,452	($121,587)

Core Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	-	-
Level 2 - Other Significant Observable Inputs	$324,339,465	-
Level 3 – Significant Unobservable Inputs	1,496,876	-
Total	$325,836,341	-
Disciplined Diversification
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$37,511,606	-
Level 2 - Other Significant Observable Inputs	50,264,066	-
Level 3 – Significant Unobservable Inputs	12,275	-
Total	$87,787,947	-
Emerging Markets Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$174,456,103	-
Level 2 - Other Significant Observable Inputs	278,372,874	-
Level 3 – Significant Unobservable Inputs	219,633	-
Total	$453,048,610	-
Equity-Income
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$1,854,325,501	-
Level 2 - Other Significant Observable Inputs	60,638,470	-
Level 3 – Significant Unobservable Inputs	8,471,624	-
Total	$1,923,435,595	-
Floating Rate Income
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$523,871,228	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$523,871,228	-

Core Equity
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$406,768,877	-
Level 2 - Other Significant Observable Inputs	29,937,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$436,705,877	-
Emerging Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$16,256,876	-
Level 2 - Other Significant Observable Inputs	9,015	-
Level 3 – Significant Unobservable Inputs	137,500	-
Total	$16,403,391	-
Emerging Small Company
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$142,648,656	-
Level 2 - Other Significant Observable Inputs	9,293,264	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$151,941,920	-
Financial Services
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$96,548,327	-
Level 2 - Other Significant Observable Inputs	9,133,512	-
Level 3 – Significant Unobservable Inputs	1,753,800	-
Total	$107,435,639	-
Franklin Templeton Founding Allocation
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$1,294,512,979	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$1,294,512,979	-

Fundamental Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$1,509,254,840	-
Level 2 - Other Significant Observable Inputs	151,069,543	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$1,660,324,383	-
Global Allocation
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$141,028,138	($535,439)
Level 2 - Other Significant Observable Inputs	102,377,068	92,366
Level 3 – Significant Unobservable Inputs	747,615	-
Total	$244,152,821	($443,073)
Global Real Estate
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$297,228,761	-
Level 2 - Other Significant Observable Inputs	315,415,289	$8,679,891
Level 3 – Significant Unobservable Inputs	-	-
Total	$612,644,050	$8,679,891
Health Sciences
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$204,617,646	($7,261,752)
Level 2 - Other Significant Observable Inputs	21,228,795	-
Level 3 – Significant Unobservable Inputs	491,240	-
Total	$226,337,681	($7,261,752)
High Yield
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$24,026,257	-
Level 2 - Other Significant Observable Inputs	1,650,086,718	-
Level 3 – Significant Unobservable Inputs	6,909,982	-
Total	$1,681,022,957	-

Global
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$279,991,151	-
Level 2 - Other Significant Observable Inputs	404,514,118	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$684,505,269	-
Global Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$111,972	($4,293,186)
Level 2 - Other Significant Observable Inputs	1,587,256,039	(21,050,790)
Level 3 – Significant Unobservable Inputs	32,655,336	-
Total	$1,620,023,347	($25,343,976)
Growth Equity
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$400,496,978	-
Level 2 - Other Significant Observable Inputs	16,755,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$417,251,978	-
High Income
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$43,125,229	-
Level 2 - Other Significant Observable Inputs	320,440,286	($14,749)
Level 3 – Significant Unobservable Inputs	40,835,633	-
Total	$404,401,148	($14,749)
Income
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$155,907,270	-
Level 2 - Other Significant Observable Inputs	269,384,233	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$425,291,503	-

Income & Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$220,310,149	-
Level 2 - Other Significant Observable Inputs	123,399,096	$59,207
Level 3 – Significant Unobservable Inputs	513,162	-
Total	$344,222,407	$59,207
International Core
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$46,506,366	($2,120,915)
Level 2 - Other Significant Observable Inputs	908,521,376	2,616,412
Level 3 – Significant Unobservable Inputs	-	-
Total	$955,027,742	$495,497
International Equity Index B
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$56,371,492	($832,454)
Level 2 - Other Significant Observable Inputs	328,504,933	(155,152)
Level 3 – Significant Unobservable Inputs	29,558	-
Total	$384,905,983	($987,606)
International Small Cap
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$43,392,646	-
Level 2 - Other Significant Observable Inputs	286,091,160	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$329,483,806	-
International Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$132,908,784	-
Level 2 - Other Significant Observable Inputs	1,115,457,590	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$1,248,366,374	-

Index Allocation
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$369,401,089	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$369,401,089	-
International Equity Index A
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$40,158,610	($657,211)
Level 2 - Other Significant Observable Inputs	236,335,308	(206,183)
Level 3 – Significant Unobservable Inputs	20,253	-
Total	$276,514,171	($863,394)
International Opportunities
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$205,747,532	-
Level 2 - Other Significant Observable Inputs	528,961,676	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$734,709,208	-
International Small Company
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$37,769,013	-
Level 2 - Other Significant Observable Inputs	269,481,350	-
Level 3 – Significant Unobservable Inputs	998,944	-
Total	$308,249,307	-
Investment Quality Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	-	($63,224)
Level 2 - Other Significant Observable Inputs	$416,371,086	2,083,348
Level 3 – Significant Unobservable Inputs	144,578	-
Total	$416,515,664	$2,020,124

Large Cap
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$546,369,744	-
Level 2 - Other Significant Observable Inputs	6,776,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$553,145,744	-
Lifestyle Aggressive
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$414,888,823	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$414,888,823	-
Lifestyle Conservative
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$1,446,303,627	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$1,446,303,627	-
Lifestyle Moderate
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$2,369,450,810	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$2,369,450,810	-
Mid Cap Index
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$695,359,989	($614,323)
Level 2 - Other Significant Observable Inputs	17,165,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$712,524,989	($614,323)
Mid Cap Stock
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$794,116,817	-
Level 2 - Other Significant Observable Inputs	101,168,379	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$895,285,196	-

Large Cap Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$636,464,880	-
Level 2 - Other Significant Observable Inputs	769,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$637,233,880	-
Lifestyle Balanced
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$9,181,161,761	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$9,181,161,761	-
Lifestyle Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$11,779,029,495	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$11,779,029,495	-
Managed
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$622,881,905	($487,719)
Level 2 - Other Significant Observable Inputs	545,809,922	-
Level 3 – Significant Unobservable Inputs	7,626,898	-
Total	$1,176,318,725	($487,719)
Mid Cap Intersection
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$179,182,814	-
Level 2 - Other Significant Observable Inputs	1,657,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$180,839,814	-
Mid Cap Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$303,043,402	-
Level 2 - Other Significant Observable Inputs	8,318,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$311,361,402	-

Mid Cap Value Equity
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$59,246,739	-
Level 2 - Other Significant Observable Inputs	1,550,759	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$60,797,498	-
Money Market
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	-	-
Level 2 - Other Significant Observable Inputs	$4,208,718,132	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$4,208,718,132	-
Mutual Shares
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$265,530,373	-
Level 2 - Other Significant Observable Inputs	178,403,021	$5,552,389
Level 3 – Significant Unobservable Inputs	1,589,514	-
Total	$445,522,908	$5,552,389
Optimized All Cap
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$1,536,967,294	-
Level 2 - Other Significant Observable Inputs	68,610,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$1,605,577,294	-
Overseas Equity
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$85,313,369	-
Level 2 - Other Significant Observable Inputs	347,516,596	($637,341)
Level 3 – Significant Unobservable Inputs	-	-
Total	$432,829,965	($637,341)

Mid Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$118,109,197	-
Level 2 - Other Significant Observable Inputs	14,307,146	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$132,416,343	-
Money Market B
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	-	-
Level 2 - Other Significant Observable Inputs	$687,913,405	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$687,913,405	-
Natural Resources
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$512,393,218	-
Level 2 - Other Significant Observable Inputs	107,438,586	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$619,831,804	-
Optimized Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$680,140,053	-
Level 2 - Other Significant Observable Inputs	20,470,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$700,610,053	-
Pacific Rim
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$2,374,738	-
Level 2 - Other Significant Observable Inputs	94,532,354	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$96,907,092	-

Real Estate Equity
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$258,382,688	-
Level 2 - Other Significant Observable Inputs	12,430,233	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$270,812,921	-
Real Return Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$1,106,784	$3,005,894
Level 2 - Other Significant Observable Inputs	1,888,269,416	(5,041,291)
Level 3 – Significant Unobservable Inputs	2,094,525	-
Total	$1,891,470,725	($2,035,397)
Short-Term Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	-	-
Level 2 - Other Significant Observable Inputs	$191,380,185	-
Level 3 – Significant Unobservable Inputs	12,911,958	-
Total	$204,292,143	-
Small Cap Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$270,017,791	-
Level 2 - Other Significant Observable Inputs	12,647,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$282,664,791	-
Small Cap Intrinsic Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$59,582,705	-
Level 2 - Other Significant Observable Inputs	2,033,355	-
Level 3 – Significant Unobservable Inputs	371,380	-
Total	$61,987,440	-

Real Estate Securities
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$524,947,072	-
Level 2 - Other Significant Observable Inputs	4,389,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$529,336,072	-
Science & Technology
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$232,516,644	-
Level 2 - Other Significant Observable Inputs	27,288,525	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$259,805,169	-
Small Cap
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$22,120,608	($215,100)
Level 2 - Other Significant Observable Inputs	15,868,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$37,988,608	($215,100)
Small Cap Index
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$354,802,721	($842,049)
Level 2 - Other Significant Observable Inputs	16,034,000	-
Level 3 – Significant Unobservable Inputs	917	-
Total	$370,837,638	($842,049)
Small Cap Opportunities
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$203,137,909	-
Level 2 - Other Significant Observable Inputs	4,319,000	-
Level 3 – Significant Unobservable Inputs	279,150	-
Total	$207,736,059	-

Small Cap Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$377,846,814	-
Level 2 - Other Significant Observable Inputs	20,995,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$398,841,814	-
Small Company Growth
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$181,418,448	-
Level 2 - Other Significant Observable Inputs	5,866,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$187,284,448	-
Spectrum Income
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$177,107,548	$72,460
Level 2 - Other Significant Observable Inputs	898,631,496	2,160,218
Level 3 – Significant Unobservable Inputs	1,644,513	-
Total	$1,077,383,557	$2,232,678
Strategic Income
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$3,082,274	$27,182
Level 2 - Other Significant Observable Inputs	461,564,906	1,859,582
Level 3 – Significant Unobservable Inputs	9,578,658	-
Total	$474,225,838	$1,886,764
Total Bond Market B
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$160,468,134	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$160,468,134	-

Small Company
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$34,814,473	-
Level 2 - Other Significant Observable Inputs	438,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$35,252,473	-
Small Company Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$686,877,435	-
Level 2 - Other Significant Observable Inputs	10,295,249	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$697,172,684	-
Strategic Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$1,537,565	($1,323,982)
Level 2 - Other Significant Observable Inputs	682,718,900	(11,007)
Level 3 – Significant Unobservable Inputs	9,365,863	-
Total	$693,622,328	($1,334,989)
Total Bond Market A
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	-	-
Level 2 - Other Significant Observable Inputs	$193,110,957	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$193,110,957	-
Total Return
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	-	$13,454,149
Level 2 - Other Significant Observable Inputs	$2,848,070,488	(24,023,740)
Level 3 – Significant Unobservable Inputs	-	-
Total	$2,848,070,488	($10,569,591)

Total Stock Market Index
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$371,110,861	($370,568)
Level 2 - Other Significant Observable Inputs	4,570,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$375,680,861	($370,568)
U.S. Government Securities
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$123,509	$825,783
Level 2 - Other Significant Observable Inputs	467,459,579	-
Level 3 – Significant Unobservable Inputs	4,395,453	-
Total	$471,978,541	$825,783
U.S. Large Cap
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$725,579,787	-
Level 2 - Other Significant Observable Inputs	9,227,749	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$734,807,536	-
Utilities
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$142,051,489	-
Level 2 - Other Significant Observable Inputs	37,442,788	$780,772
Level 3 – Significant Unobservable Inputs	-	-
Total	$179,494,277	$780,772
Value & Restructuring
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$451,890,454	-
Level 2 - Other Significant Observable Inputs	45,867,703	-
Level 3 – Significant Unobservable Inputs	199,385	-
Total	$497,957,542	-

U.S. Core
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$468,322,158	-
Level 2 - Other Significant Observable Inputs	65,134,136	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$533,456,294	-
U.S. High Yield Bond
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$2,007,694	-
Level 2 - Other Significant Observable Inputs	522,486,596	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$524,494,290	-
U.S. Multi Sector
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$880,575,173	($1,369,194)
Level 2 - Other Significant Observable Inputs	28,137,000	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$908,712,173	($1,369,194)
Value
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$231,962,703	-
Level 2 - Other Significant Observable Inputs	-	-
Level 3 – Significant Unobservable Inputs	-	-
Total	$231,962,703	-
Vista
	Investments in	Other Financial
Valuation Inputs:	Securities	Instruments*
Level 1 - Quoted Prices	$57,184,988	-
Level 2 - Other Significant Observable Inputs	4,218,896	$23,717
Level 3 – Significant Unobservable Inputs	-	-
Total	$61,403,884	$23,717

* 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.

The following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

Active Bond
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$115,272,022	-
Accrued discounts/premiums	114,901	-
Realized gain (loss)	432,847	-
Change in unrealized appreciation
(depreciation)	(23,298,964)	-
Net purchases (sales)	(2,376,318)	-
Transfers in and/or out of Level 3	(15,564,689)	-
Balance as of 9/30/08	$74,579,799	-
Disciplined Diversification
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	-	-
Accrued discounts/premiums	-	-
Realized gain (loss)	-	-
Change in unrealized appreciation
(depreciation)	($7,204)	-
Net purchases (sales)	19,479	-
Transfers in and/or out of Level 3	-	-
Balance as of 9/30/08	$12,275	-
Emerging Markets Value
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$195,084	-
Accrued discounts/premiums	-	-
Realized gain (loss)	180,569	-
Change in unrealized appreciation
(depreciation)	(356,552)	-
Net purchases (sales)	(399,339)	-
Transfers in and/or out of Level 3	599,871	-
Balance as of 9/30/08	$219,633	-

Core Bond
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	-	-
Accrued discounts/premiums	-	-
Realized gain (loss)	-	-
Change in unrealized appreciation
(depreciation)	($101,124)	-
Net purchases (sales)	1,598,000	-
Transfers in and/or out of Level 3	-	-
Balance as of 9/30/08	$1,496,876	-
Emerging Growth
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	-	-
Accrued discounts/premiums	-	-
Realized gain (loss)	-	-
Change in unrealized appreciation
(depreciation)	$12,500	-
Net purchases (sales)	125,000	-
Transfers in and/or out of Level 3	-	-
Balance as of 9/30/08	$137,500	-
Emerging Small Company
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	-	-
Accrued discounts/premiums	-	-
Realized gain (loss)	($631,036)	-
Change in unrealized appreciation
(depreciation)	(393,311)	-
Net purchases (sales)	1,024,347	-
Transfers in and/or out of Level 3	-	-
Balance as of 9/30/08	-	-

Equity-Income
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	-
Accrued discounts/premiums
Realized gain (loss)	($16)
Change in unrealized appreciation
(depreciation)	(1,828,360)
Net purchases (sales)	10,300,000
Transfers in and/or out of Level 3
Balance as of 9/30/08	$8,471,624	-
Global Allocation
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$2,014,988	-
Accrued discounts/premiums	303	-
Realized gain (loss)	(138,116)	-
Change in unrealized appreciation
(depreciation)	(413,507)	-
Net purchases (sales)	(55,187)	-
Transfers in and/or out of Level 3	(660,866)	-
Balance as of 9/30/08	$747,615	-
Health Sciences
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$333,080	-
Accrued discounts/premiums	-	-
Realized gain (loss)	-	-
Change in unrealized appreciation
(depreciation)	(1,335,315)	-
Net purchases (sales)	(101,900)	-
Transfers in and/or out of Level 3	1,595,375	-
Balance as of 9/30/08	$491,240	-

Financial Services
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$4,094,654	-
Accrued discounts/premiums	-	-
Realized gain (loss)	-	-
Change in unrealized appreciation
(depreciation)	24,616	-
Net purchases (sales)	(2,365,470)	-
Transfers in and/or out of Level 3	-	-
Balance as of 9/30/08	$1,753,800	-
Global Bond
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$23,310,562	-
Accrued discounts/premiums	91,697	-
Realized gain (loss)	169,651	-
Change in unrealized appreciation
(depreciation)	(13,317,634)	-
Net purchases (sales)	23,225,767	-
Transfers in and/or out of Level 3	(824,707)	-
Balance as of 9/30/08	$32,655,336	-
High Income
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$30,656,750	-
Accrued discounts/premiums	143,249	-
Realized gain (loss)	(48,537)	-
Change in unrealized appreciation
(depreciation)	(15,028,004)	-
Net purchases (sales)	21,452,763	-
Transfers in and/or out of Level 3	3,659,412	-
Balance as of 9/30/08	$40,835,633	-
Income & Value
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$1,393,263	-
Accrued discounts/premiums	-	-
Realized gain (loss)	-	-
Change in unrealized appreciation
(depreciation)	(17,001)	-
Net purchases (sales)	-	-
Transfers in and/or out of Level 3	(863,100)	-
Balance as of 9/30/08	$513,162	-

High Yield
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$1,531,721	-
Accrued discounts/premiums	(22,732)	-
Realized gain (loss)	-	-
Change in unrealized appreciation
(depreciation)	(1,190,102)	-
Net purchases (sales)	2,690,990	-
Transfers in and/or out of Level 3	3,900,105	-
Balance as of 9/30/08	$6,909,982	-
International Equity Index A
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$328,016	-
Accrued discounts/premiums	-	-
Realized gain (loss)	166,719	-
Change in unrealized appreciation
(depreciation)	(210,609)	-
Net purchases (sales)	(327,885)	-
Transfers in and/or out of Level 3	64,012	-
Balance as of 9/30/08	$20,253	-
International Small Company
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$114,786	-
Accrued discounts/premiums	-	-
Realized gain (loss)	(79,321)	-
Change in unrealized appreciation
(depreciation)	66,368	-
Net purchases (sales)	594,020	-
Transfers in and/or out of Level 3	303,091	-
Balance as of 9/30/08	$998,944	-
Managed
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$24,568,024	-
Accrued discounts/premiums	635	-
Realized gain (loss)	(3,029,035)	-

Change in unrealized appreciation
(depreciation)	(3,855,462)	-
Net purchases (sales)	(3,137,324)	-
Transfers in and/or out of Level 3	(6,919,940)	-
Balance as of 9/30/08	$7,626,898	-
International Equity Index B
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$469,167	-
Accrued discounts/premiums	-	-
Realized gain (loss)	280,056	-
Change in unrealized appreciation
(depreciation)	(344,107)	-
Net purchases (sales)	(468,981)	-
Transfers in and/or out of Level 3	93,423	-
Balance as of 9/30/08	$29,558	-
Investment Quality Bond
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	-	-
Accrued discounts/premiums	$60	-
Realized gain (loss)		-
Change in unrealized appreciation
(depreciation)	(406,093)	-
Net purchases (sales)	-	-
Transfers in and/or out of Level 3	550,611	-
Balance as of 9/30/08	$144,578	-
Mutual Shares
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$1,439,712	-
Accrued discounts/premiums	21,485	-
Realized gain (loss)	-	-

Change in unrealized appreciation
(depreciation)	(874,813)	-
Net purchases (sales)	(1,003,130)	-
Transfers in and/or out of Level 3	-	-
Balance as of 9/30/08	$1,589,514	-
Real Return Bond
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$31,534,062	-
Accrued discounts/premiums	853	-
Realized gain (loss)	2,772,004	-
Change in unrealized appreciation
(depreciation)	(1,607,111)	-
Net purchases (sales)	(20,293,192)	-
Transfers in and/or out of Level 3	(10,312,091)	-
Balance as of 9/30/08	$2,094,525	-
Small Cap Index
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$26,140	-
Accrued discounts/premiums	-	-
Realized gain (loss)	(483,432)	-
Change in unrealized appreciation
(depreciation)	491,909	-
Net purchases (sales)	(33,700)	-
Transfers in and/or out of Level 3	-	-
Balance as of 9/30/08	$917	-
Small Cap Opportunities
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$653,100	-
Accrued discounts/premiums	-	-
Realized gain (loss)	(4,510)	-
Change in unrealized appreciation
(depreciation)	515,525	-
Net purchases (sales)	(1,024,540)	-
Transfers in and/or out of Level 3	139,575	-
Balance as of 9/30/08	$279,150	-

Short-Term Bond
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$20,993,294	-
Accrued discounts/premiums	4,257	-
Realized gain (loss)	5,824	-
Change in unrealized appreciation
(depreciation)	(5,548,962)	-
Net purchases (sales)	315,536	-
Transfers in and/or out of Level 3	(2,857,991)	-
Balance as of 9/30/08	$12,911,958	-
Small Cap Intrinsic Value
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	-	-
Accrued discounts/premiums	-	-
Realized gain (loss)	-	-
Change in unrealized appreciation
(depreciation)	$35,281	-
Net purchases (sales)	336,099	-
Transfers in and/or out of Level 3	-	-
Balance as of 9/30/08	$371,380	-
Spectrum Income
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$503,732	-
Accrued discounts/premiums	-	-
Realized gain (loss)	4,586	-
Change in unrealized appreciation
(depreciation)	(263,093)	-
Net purchases (sales)	1,399,288	-
Transfers in and/or out of Level 3	-	-
Balance as of 9/30/08	$1,644,513	-

Strategic Bond
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$19,186,503	-
Accrued discounts/premiums	3,315	-
Realized gain (loss)	(652,186)	-
Change in unrealized appreciation
(depreciation)	(397,393)	-
Net purchases (sales)	(8,294,153)	-
Transfers in and/or out of Level 3	(480,223)	-
Balance as of 9/30/08	$9,365,863	-
U.S. Government Securities
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$12,245,746	-
Accrued discounts/premiums	1,659	-
Realized gain (loss)	18,344	-
Change in unrealized appreciation
(depreciation)	(793,979)	-
Net purchases (sales)	(3,914,626)	-
Transfers in and/or out of Level 3	(3,161,691)	-
Balance as of 9/30/08	$4,395,453	-

Strategic Income
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$14,252,563	-
Accrued discounts/premiums	18	-
Realized gain (loss)	264,520	-
Change in unrealized appreciation
(depreciation)	421,288	-
Net purchases (sales)	(4,036,769)	-
Transfers in and/or out of Level 3	(1,322,962)	-
Balance as of 9/30/08	$9,578,658	-
Value & Restructuring
	Investments in	Other Financial
	Securities	Instruments
Balance as of 12/31/07	$829,099	-
Accrued discounts/premiums	-	-
Realized gain (loss)	-	-
Change in unrealized appreciation
(depreciation)	(160,119)	-
Net purchases (sales)	(469,595)	-
Transfers in and/or out of Level 3	-	-
Balance as of 9/30/08	$199,385	-

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 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 Portfolios 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 Lifestyle Portfolios, Money Market, and Money Market B, 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.

A Portfolio, as writer of an option, may have no control over whether the underlying securities may be sold (call) or purchased (put) and, as a result, bears the market risk of an unfavorable change in the price of the securities underlying the written 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 a 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 September 30, 2008:

Options on Securities

			Expiration	Number of
Portfolio	Name of Issuer	Strike Price	Date	Contracts	Premium	Value
Capital Appreciation Value	Calls
	3M Co.	$90.00	Jan 2009	1	$152	($20)
	AON Corp.	50.00	Jan 2009	3	771	(555)
	Baxter International, Inc.	70.00	Jan 2009	2	474	(440)
	General Mills, Inc.	65.00	Jan 2009	5	1,360	(2,850)
	H&R Block, Inc.	25.00	Jan 2009	3	321	(345)
	Procter & Gamble Co.	75.00	Jan 2009	3	576	(420)
	TJX Companies, Inc.	35.00	Jan 2009	4	1,008	(400)
	Tyco International Ltd.	50.00	Jan 2009	3	891	(45)
	Walmart Stores, Inc.	55.00	Jan 2009	4	2,488	(2,852)
	Walmart Stores, Inc.	60.00	Jan 2009	2	694	(770)
				30	$8,735	($8,697)
Core Allocation Plus	Calls
	Shanda Interactive Entertainment Ltd.	$40.00	Mar 2009	12	$1,776	($930)
	SINA Corp.	50.00	Mar 2009	5	495	(495)
	Corning, Inc.	20.00	May 2009	23	1,886	(1,725)
				40	$4,157	($3,150)
Global Bond	Calls

	Fannie Mae	$96.92	Oct 2008	15,000,000	$126,563	($2)
	Fannie Mae	99.41	Oct 2008	12,000,000	69,375	(190)
				27,000,000	$195,938	($192)
Health Sciences	Calls
	Abbott Labs	$60.00	Jan 2009	22	$5,566	($5,390)
	Abbott Labs	62.50	Feb 2009	25	4,675	(5,250)
	Acorda Therapeutics, Inc.	40.00	Jan 2009	31	6,522	(620)
	Acorda Therapeutics, Inc.	50.00	Jan 2010	17	8,619	(1,955)
	Alcon, Inc.	170.00	Jan 2009	14	13,880	(7,868)
	Alcon, Inc.	180.00	Jan 2010	31	46,781	(46,810)
	Alexion Pharmaceuticals, Inc.	40.00	Oct 2008	51	10,081	(6,885)
	Alexion Pharmaceuticals, Inc.	42.50	Oct 2008	76	7,372	(7,600)
	Alexion Pharmaceuticals, Inc.	40.00	Jan 2009	158	35,432	(79,000)
	Allergan, Inc.	70.00	Jan 2009	25	5,106	(1,500)
	Amedisys, Inc.	65.00	Dec 2008	50	19,937	(1,875)
	Amedisys, Inc.	65.00	Mar 2009	25	12,425	(4,750)
	Amerigroup Corp.	30.00	Jan 2009	68	11,389	(10,540)
	Amgen, Inc.	60.00	Jan 2009	103	20,624	(49,440)
	Amgen, Inc.	70.00	Jan 2009	49	15,043	(6,909)
	Amgen, Inc.	50.00	Jan 2009	81	34,020	(92,745)
	Amylin Pharmaceuticals, Inc.	35.00	Jan 2009	211	34,466	(9,495)
	Amylin Pharmaceuticals, Inc.	40.00	Jan 2009	6	613	(135)
	Assurant, Inc.	70.00	Jan 2009	50	15,040	(3,250)
	Baxter International, Inc.	70.00	Jan 2009	40	6,680	(8,800)
	Biogen Idec, Inc.	70.00	Jan 2009	10	2,970	(675)
	C.R. Barr, Inc.	100.00	Jan 2009	36	9,252	(12,600)
	Cardinal Health, Inc.	55.00	Jan 2009	51	5,967	(5,355)
	Catalyst Health Solutions, Inc.	35.00	Dec 2008	19	2,033	(760)
	Catalyst Health Solutions, Inc.	30.00	Dec 2008	33	8,567	(3,712)
	Celgene Corp.	75.00	Jan 2009	53	22,101	(12,455)
	Celgene Corp.	70.00	Jan 2009	76	34,134	(28,880)
	Cerner Corp.	55.00	Jan 2009	24	2,830	(1,680)
	Charles River Laboratories International, Inc.	70.00	Jan 2009	25	6,050	(750)
	Charles River Laboratories International, Inc.	65.00	Jan 2009	77	12,196	(4,235)
	Conceptus, Inc.	20.00	Nov 2008	7	1,234	(333)
	Covance, Inc.	100.00	Nov 2008	27	8,182	(3,240)
	Covance, Inc.	90.00	Jan 2009	27	13,689	(14,310)
	Covidien Ltd.	60.00	Apr 2009	11	2,442	(2,200)
	CVS Caremark Corp.	42.50	Jan 2009	51	8,404	(1,785)
	Davita, Inc.	55.00	Jan 2009	53	15,745	(21,200)
	Davita, Inc.	60.00	Jan 2009	102	20,921	(21,930)
	Dentsply International, Inc.	40.00	Oct 2008	76	7,106	(1,140)
	Dentsply International, Inc.	45.00	Jan 2009	47	7,149	(2,467)
	Edwards Lifesciences Corp.	50.00	Nov 2008	26	6,032	(22,750)
	Edwards Lifesciences Corp.	60.00	Jan 2009	53	10,441	(18,815)
	Express Scripts, Inc.	85.00	Jan 2009	28	8,714	(11,200)
	Genentech, Inc.	110.00	Dec 2008	50	6,850	(2,625)
	Gilead Sciences, Inc.	57.50	Nov 2008	154	31,878	(7,700)
	Gilead Sciences, Inc.	60.00	Nov 2008	71	13,632	(1,775)

Gilead Sciences, Inc.	60.00	Jan 2009	53	17,724	(4,505)
Humana, Inc.	55.00	Nov 2008	50	8,350	(1,500)
Humana, Inc.	60.00	Jan 2009	11	2,497	(468)
Idexx Laboratories, Inc.	65.00	Jan 2009	25	3,675	(2,375)
Illumina, Inc.	52.50	Jan 2009	82	20,457	(4,100)
Imclone Systems, Inc.	45.00	Nov 2008	84	20,429	(149,520)
Imclone Systems, Inc.	50.00	Nov 2008	53	16,801	(69,165)
Imclone Systems, Inc.	60.00	Jan 2009	70	15,072	(39,900)
Imclone Systems, Inc.	50.00	Jan 2009	26	9,062	(34,320)
Immucor Corp.	35.00	Jan 2009	52	8,873	(9,490)
Intuitive Surgical, Inc.	300.00	Jan 2009	5	16,413	(4,950)
Intuitive Surgical, Inc.	330.00	Jan 2010	10	40,790	(26,000)
Invitrogen Corp.	45.00	Nov 2008	17	2,839	(595)
Johnson & Johnson	75.00	Jan 2009	71	8,662	(6,035)
Laboratory Corp. of America Holdings	70.00	Jan 2009	22	10,934	(9,570)
LifePoint Hospitals, Inc.	35.00	Nov 2008	51	13,362	(4,972)
Mckesson Corp.	60.00	Jan 2009	26	8,723	(3,380)
Medco Health Solutions, Inc.	55.00	Jan 2009	98	18,238	(8,820)
Medicines Company	30.00	Apr 2009	7	1,869	(928)
Medtronic, Inc.	55.00	Jan 2009	68	10,676	(9,180)
Medtronic, Inc.	60.00	Feb 2009	27	5,319	(1,755)
Myriad Genetics, Inc.	55.00	Jan 2009	56	8,236	(71,400)
Onyx Pharmaceuticals, Inc.	50.00	Jan 2009	40	11,169	(4,000)
Onyx Pharmaceuticals, Inc.	50.00	Feb 2009	26	6,552	(3,510)
OSI Pharmaceuticals, Inc.	45.00	Jan 2009	52	20,252	(50,180)
OSI Pharmaceuticals, Inc.	50.00	Jan 2009	32	9,854	(22,336)
Qiagen N.V.	20.00	Jan 2009	80	16,960	(14,400)
ResMed, Inc.	45.00	Oct 2008	53	6,556	(3,445)
Schein Henry, Inc.	65.00	Jan 2009	27	3,312	(1,080)
Shire PLC	60.00	Jan 2009	76	12,897	(5,320)
St. Jude Medical, Inc.	50.00	Jan 2009	26	6,422	(2,990)
Stericycle, Inc.	70.00	Feb 2009	40	9,880	(5,000)
Stryker Corp.	75.00	Jan 2009	125	16,286	(3,750)
Stryker Corp.	70.00	Jan 2009	51	9,409	(6,120)
Teva Pharmaceutical Industries, Ltd.	45.00	Dec 2008	93	12,426	(25,575)
Teva Pharmaceutical Industries, Ltd.	50.00	Jan 2009	81	12,493	(8,100)
United Therapeutics Corp.	110.00	Nov 2008	21	20,182	(27,510)
United Therapeutics Corp.	125.00	Nov 2008	19	18,466	(12,825)
Valeant Pharmaceuticals International	20.00	Mar 2009	82	16,154	(23,575)
Vertex Pharmaceuticals, Inc.	40.00	Jan 2009	53	9,147	(9,805)
Waters Corp.	75.00	Jan 2009	40	9,483	(2,600)
WellPoint, Inc.	60.00	Jan 2009	40	9,480	(3,200)
Wyeth	42.50	Jan 2009	51	6,222	(4,335)
Xenoport, Inc.	50.00	Dec 2008	26	7,893	(13,650)
Xenoport, Inc.	60.00	Jan 2009	51	17,705	(13,387)
Zimmer Holdings, Inc.	80.00	Jan 2009	26	8,762	(1,430)
Zimmer Holdings, Inc.	70.00	Jan 2009	52	11,871	(13,000)
			4,547	$1,141,624	($1,299,440)
Puts

Abbott Labs	$60.00	Jan 2009	27	$21,539	($13,635)
Abbott Labs	60.00	Jan 2010	11	10,417	(9,130)
Acorda Therapeutics, Inc.	30.00	Jan 2009	29	13,436	(21,460)
Aetna, Inc.	55.00	Jan 2009	7	4,507	(13,335)
Aetna, Inc.	60.00	Jan 2009	5	5,635	(11,975)
Aetna, Inc.	50.00	Jan 2009	26	21,502	(38,480)
Alcon, Inc.	170.00	Jan 2009	15	13,930	(20,175)
Alcon, Inc.	170.00	Jan 2010	31	81,210	(67,270)
Alcon, Inc.	180.00	Jan 2010	40	111,466	(110,600)
Alcon, Inc.	190.00	Jan 2010	27	82,994	(92,745)
Alexion Pharmaceuticals, Inc.	40.00	Jan 2009	100	43,249	(55,500)
Alexion Pharmaceuticals, Inc.	45.00	Jan 2009	52	31,963	(37,960)
Alkermes, Inc.	20.00	Jan 2009	19	13,242	(12,730)
Alkermes, Inc.	17.50	Jan 2009	21	9,387	(9,240)
Allergan, Inc.	65.00	Jan 2009	35	25,035	(49,700)
Amedisys, Inc.	70.00	Mar 2009	35	34,025	(77,700)
Amerigroup Corp.	25.00	Jan 2009	34	11,832	(10,795)
Amgen, Inc.	50.00	Jan 2009	30	10,876	(6,120)
Amgen, Inc.	60.00	Jan 2009	35	14,244	(19,425)
Amgen, Inc.	60.00	Apr 2009	30	16,028	(19,650)
Amylin Pharmaceuticals, Inc.	25.00	Jan 2009	25	7,675	(16,750)
Amylin Pharmaceuticals, Inc.	40.00	Jan 2009	13	10,651	(25,675)
Amylin Pharmaceuticals, Inc.	35.00	Jan 2009	15	7,915	(22,725)
Amylin Pharmaceuticals, Inc.	30.00	Jan 2009	22	10,934	(25,080)
Amylin Pharmaceuticals, Inc.	25.00	Jan 2010	30	21,810	(28,350)
Amylin Pharmaceuticals, Inc.	20.00	Jan 2010	31	18,197	(18,290)
Assurant, Inc.	70.00	Jan 2009	104	100,270	(174,720)
Astrazeneca PLC	40.00	Jan 2009	42	19,404	(6,510)
Barr Pharmaceuticals, Inc.	50.00	Nov 2008	32	10,624	(1,520)
Barr Pharmaceuticals, Inc.	60.00	Feb 2009	5	2,985	(937)
Baxter International, Inc.	65.00	Jan 2009	42	37,423	(16,380)
Baxter International, Inc.	70.00	Jan 2009	35	33,415	(22,225)
Baxter International, Inc.	75.00	Feb 2009	26	18,772	(27,170)
Baxter International, Inc.	75.00	Jan 2010	10	10,970	(12,300)
Baxter International, Inc.	70.00	Jan 2010	26	24,657	(24,960)
Biogen Idec, Inc.	70.00	Jan 2009	30	19,560	(60,450)
Biogen Idec, Inc.	50.00	Jan 2009	15	7,170	(8,400)
Biogen Idec, Inc.	55.00	Jan 2009	32	22,624	(27,200)
BioMarin Pharmaceutical, Inc.	25.00	Jan 2009	63	32,192	(13,860)
BioMarin Pharmaceutical, Inc.	40.00	Jan 2009	50	47,020	(70,000)
BioMarin Pharmaceutical, Inc.	35.00	Jan 2009	8	6,440	(7,480)
BioMarin Pharmaceutical, Inc.	45.00	Jan 2009	2	2,874	(3,780)
BioMarin Pharmaceutical, Inc.	50.00	Jan 2009	1	2,127	(2,405)
Boston Scientific Corp.	12.50	Jan 2009	28	5,796	(4,200)
Boston Scientific Corp.	15.00	Jan 2009	104	31,408	(32,760)
C.R. Barr, Inc.	100.00	Jan 2009	9	10,173	(7,380)
Cardinal Health, Inc.	70.00	Jan 2009	8	8,616	(16,600)
Cardinal Health, Inc.	60.00	Mar 2009	15	15,705	(16,575)
Catalyst Health Solutions, Inc.	30.00	Dec 2008	9	2,183	(4,320)
Catalyst Health Solutions, Inc.	35.00	Dec 2008	25	8,050	(22,625)
Celgene Corp.	80.00	Jan 2009	30	29,310	(52,800)

Celgene Corp.	70.00		Jan 2010	21	32,504	(33,390)
Cephalon, Inc.	80.00		Nov 2008	15	9,555	(8,625)
Cephalon, Inc.	70.00		Nov 2008	10	4,970	(1,950)
Cephalon, Inc.	80.00		Jan 2009	46	45,653	(33,580)
Cephalon, Inc.	60.00		Jan 2009	6	4,182	(570)
Cerner Corp.	60.00		Jan 2009	13	11,531	(20,020)
Charles River Laboratories International, Inc.		65.00	Jan 2009	13	7,241	(13,130)
Charles River Laboratories International, Inc.		70.00	Jan 2009	19	16,666	(28,310)
Cigna Corp.	50.00		Jan 2009	20	17,927	(32,200)
Cigna Corp.	55.00		Jan 2009	1	827	(2,095)
Cigna Corp.	40.00		Jan 2009	13	7,013	(9,685)
Community Health Systems, Inc.	35.00		Jan 2009	13	6,751	(8,450)
Covidien Ltd.	50.00		Oct 2008	15	7,905	(675)
Covidien Ltd.	55.00		Jan 2009	10	7,070	(3,900)
Covidien Ltd.	50.00		Jan 2010	30	16,710	(15,600)
Covidien Ltd.	55.00		Jan 2010	50	41,358	(42,500)
Cubist Pharmaceuticals, Inc.	20.00		Jan 2009	51	17,985	(7,523)
CVS Caremark Corp.	45.00		Jan 2009	49	30,612	(54,390)
Davita, Inc.	55.00		Jan 2009	21	10,017	(6,720)
Davita, Inc.	60.00		Jan 2009	41	17,459	(21,730)
Davita, Inc.	50.00		Jan 2009	10	6,650	(1,450)
Edwards Lifesciences Corp.	55.00		Jan 2009	15	6,105	(4,912)
Elan Corp. PLC	25.00		Jan 2009	44	22,308	(64,240)
Elan Corp. PLC	22.50		Jan 2009	63	32,570	(74,970)
Elan Corp. PLC	25.00		Jan 2010	76	56,783	(115,520)
Elan Corp. PLC	30.00		Jan 2010	25	25,425	(49,125)
Elan Corp. PLC	20.00		Jan 2010	51	23,307	(57,120)
Eli Lilly & Company	50.00		Jan 2009	33	16,401	(25,179)
Express Scripts, Inc.	75.00		Jan 2009	29	24,453	(22,040)
Express Scripts, Inc.	65.00		Jan 2009	38	35,047	(12,160)
Express Scripts, Inc.	70.00		Jan 2009	27	29,619	(14,040)
Express Scripts, Inc.	80.00		Jan 2010	19	24,892	(28,025)
Forest	40.00		Jan 2010	9	6,941	(11,160)
Genentech, Inc.	80.00		Jan 2009	10	9,270	(4,750)
Genentech, Inc.	70.00		Jan 2009	25	20,272	(8,750)
Genentech, Inc.	75.00		Jan 2009	30	23,860	(11,250)
Genentech, Inc.	100.00		Mar 2009	35	28,023	(52,500)
Genentech, Inc.	90.00		Mar 2009	26	17,702	(24,570)
Gen-Probe, Inc.	50.00		Jan 2009	28	15,216	(8,540)
Genzyme Corp.	75.00		Jan 2009	20	17,100	(9,200)
Gilead Sciences, Inc.	57.50		Nov 2008	47	28,674	(58,750)
Gilead Sciences, Inc.	50.00		Nov 2008	20	6,965	(12,000)
Gilead Sciences, Inc.	60.00		Nov 2008	81	65,308	(117,045)
Gilead Sciences, Inc.	60.00		Jan 2009	71	72,251	(110,760)
Gilead Sciences, Inc.	57.50		Feb 2009	41	29,427	(52,890)
Gilead Sciences, Inc.	45.00		Jan 2010	30	19,410	(21,000)
Gilead Sciences, Inc.	60.00		Jan 2010	21	26,397	(34,335)
Health Net, Inc.	35.00		Jan 2009	23	14,881	(27,485)
Healthways, Inc.	35.00		Jan 2009	9	5,578	(17,325)
Humana, Inc.	70.00		Jan 2009	2	1,779	(5,820)
Humana, Inc.	55.00		Jan 2009	38	40,009	(55,100)

Illumina, Inc.	37.50	Jan 2009	18	12,003	(5,760)
Illumina, Inc.	40.00	Jan 2009	18	14,643	(7,542)
Illumina, Inc.	45.00	Jan 2009	30	25,605	(20,850)
Illumina, Inc.	45.00	Jan 2010	20	20,178	(19,600)
Imclone Systems, Inc.	50.00	Jan 2010	26	34,592	(2,990)
Immucor Corp.	35.00	Jan 2009	23	15,417	(11,155)
Immucor Corp.	30.00	Jan 2009	20	7,494	(4,500)
Immucor Corp.	20.00	Jan 2009	13	4,174	(358)
Intermune, Inc.	25.00	Jan 2009	169	228,032	(201,110)
Intuitive Surgical, Inc.	270.00	Jan 2009	4	10,508	(18,440)
Invitrogen Corp.	45.00	Nov 2008	25	13,087	(19,000)
Invitrogen Corp.	40.00	Jan 2009	26	13,374	(11,310)
Laboratory Corp. of America Holdings	65.00	Jan 2009	26	9,802	(7,280)
Laboratory Corp. of America Holdings	85.00	Jan 2009	5	4,825	(7,775)
McKesson Corp.	60.00	Jan 2009	26	20,202	(18,590)
Medco Health Solutions, Inc.	45.00	Jan 2009	20	12,191	(6,400)
Medco Health Solutions, Inc.	50.00	Jan 2009	56	44,771	(34,160)
Medco Health Solutions, Inc.	55.00	Jan 2009	49	39,011	(46,550)
Medco Health Solutions, Inc.	55.00	Jan 2010	25	29,125	(29,125)
Medicines Company	22.50	Jan 2009	40	10,479	(8,000)
Medicines Company	25.00	Jan 2009	25	12,598	(8,750)
Medicines Company	25.00	Apr 2009	51	21,268	(21,420)
Medtronic, Inc.	55.00	Jan 2009	55	16,665	(34,100)
Merck & Company, Inc.	50.00	Jan 2009	67	56,418	(124,955)
Merck & Company, Inc.	40.00	Jan 2009	31	16,647	(27,280)
Millipore Corp.	80.00	Jan 2009	32	28,384	(38,080)
Monsanto Company	140.00	Oct 2008	10	24,020	(41,050)
Monsanto Company	140.00	Jan 2009	46	121,574	(198,030)
Monsanto Company	135.00	Jan 2009	35	85,460	(135,100)
Monsanto Company	130.00	Jan 2009	77	238,342	(292,523)
Monsanto Company	125.00	Jan 2009	61	159,120	(209,840)
Monsanto Company	140.00	Jan 2010	55	201,856	(275,825)
Monsanto Company	120.00	Jan 2010	15	42,855	(54,000)
Onyx Pharmaceuticals, Inc.	30.00	Jan 2009	38	37,125	(9,310)
Onyx Pharmaceuticals, Inc.	45.00	Jan 2009	26	34,421	(27,690)
Onyx Pharmaceuticals, Inc.	50.00	Jan 2009	26	41,310	(38,220)
Onyx Pharmaceuticals, Inc.	35.00	Jan 2009	37	40,252	(17,390)
OSI Pharmaceuticals, Inc.	30.00	Jan 2009	38	19,442	(2,850)
Pfizer, Inc.	25.00	Jan 2009	63	15,008	(44,730)
Schein Henry, Inc.	60.00	Jan 2009	48	30,974	(37,440)
Schein Henry, Inc.	60.00	Jan 2010	9	9,263	(8,775)
Schering-Plough Corp.	35.00	Jan 2009	14	14,288	(23,100)
Schering-Plough Corp.	30.00	Jan 2009	30	19,936	(34,500)
Schering-Plough Corp.	15.00	Jan 2010	31	11,695	(5,193)
Sepracor, Inc.	22.50	Jan 2009	27	10,746	(14,310)
Shire Ltd.	50.00	Jan 2009	25	12,425	(12,750)
St. Jude Medical, Inc.	45.00	Jan 2009	25	6,925	(11,425)
Stericycle, Inc.	65.00	Feb 2009	9	6,813	(8,820)
Stryker Corp.	75.00	Jan 2009	66	55,111	(84,810)
Stryker Corp.	70.00	Jan 2009	13	9,581	(11,375)
Stryker Corp.	65.00	Jan 2009	26	13,984	(14,820)

Stryker Corp.	70.00	Jan 2010	10	11,470	(11,600)
Teva Pharmaceutical Industries, Ltd.	50.00	Jan 2009	59	32,580	(32,745)
Teva Pharmaceutical Industries, Ltd.	55.00	Jan 2009	5	3,985	(4,875)
Teva Pharmaceutical Industries, Ltd.	40.00	Jan 2010	28	12,796	(12,180)
Unitedhealth Group, Inc.	40.00	Jan 2009	7	5,989	(10,185)
Unitedhealth Group, Inc.	45.00	Jan 2009	9	11,263	(17,505)
Unitedhealth Group, Inc.	35.00	Jan 2009	42	17,850	(42,000)
Universal American Financial Corp.	12.50	Jan 2009	32	6,144	(5,280)
Valeant Pharmaceuticals International	20.00	Jan 2010	26	15,002	(10,270)
Vertex Pharmaceuticals, Inc.	30.00	Jan 2009	51	37,366	(16,830)
Walgreen Company	40.00	Jan 2009	147	54,958	(133,770)
Walgreen Company	45.00	Jan 2009	19	13,243	(26,695)
Waters Corp.	60.00	Jan 2009	39	25,167	(20,670)
Waters Corp.	65.00	Jan 2009	5	3,029	(4,200)
Wellcare Health Plans, Inc.	35.00	Jan 2009	95	126,009	(48,450)
WellPoint, Inc.	45.00	Jan 2009	13	6,976	(5,200)
WellPoint, Inc.	70.00	Jan 2009	1	777	(2,315)
Wyeth	50.00	Jan 2009	80	59,295	(106,800)
Wyeth	40.00	Jan 2009	38	22,231	(17,670)
Wyeth	50.00	Jan 2010	30	22,247	(44,250)
Wyeth	45.00	Jan 2010	30	18,210	(32,700)
Xenoport, Inc.	45.00	Jan 2009	21	21,320	(10,920)
Zimmer Holdings, Inc.	90.00	Jan 2009	3	3,981	(7,620)
Zimmer Holdings, Inc.	75.00	Jan 2009	20	18,610	(22,400)
Zimmer Holdings, Inc.	85.00	Jan 2009	3	3,081	(6,120)
Zimmer Holdings, Inc.	70.00	Jan 2010	31	28,737	(31,000)
			5,543	$4,796,361	($5,962,312)

Options on Exchange -Traded Futures Contracts

				Number
				of
Fund	Name of Issuer	Exercise Price	Expiration Date	Contracts	Premium	Value
Global Bond	Puts
	EURIBOR Futures	$95.20	Mar 2009	295	$151,705	($134,973)
				295	$151,705	($134,973)
Real Return Bond	Calls
	U.S. Treasury 10-Year Note Futures	$119.00	Nov 2008	8	$5,355	($4,875)
	U.S. Treasury 10-Year Note Futures	118.00	Nov 2008	215	142,916	(174,688)
	U.S. Treasury 30-Year Bond Futures	121.00	Nov 2008	30	26,644	(38,438)
	U.S. Treasury 30-Year Bond Futures	120.00	Nov 2008	23	18,989	(35,938)
				276	$193,904	($253,939)
	Puts
	U.S. Treasury 10-Year Note Futures	$113.00	Nov 2008	213	$107,952	($272,906)
	U.S. Treasury 30-Year Bond Futures	111.00	Nov 2008	23	16,833	(16,531)
				236	$124,785	($289,437)

Strategic Bond	Calls
	Eurodollar Futures	$96.50	Dec 2008	27	$17,752	($28,012)
	Eurodollar Futures	97.50	Mar 2009	38	12,872	(19,000)
	U.S. Treasury 10-Year Note Futures	119.00	Nov 2008	77	54,631	(46,922)
	U.S. Treasury 10-Year Note Futures	120.00	Nov 2008	38	18,216	(16,625)
	U.S. Treasury 10-Year Note Futures	118.00	Nov 2008	38	27,122	(30,875)
	U.S. Treasury 10-Year Note Futures	117.50	Nov 2008	492	398,931	(461,250)
	U.S. Treasury 10-Year Note Futures	115.50	Nov 2008	49	44,630	(78,859)
	U.S. Treasury 10-Year Note Futures	117.00	Nov 2008	68	44,098	(73,313)
				827	618,252	($754,856)
	Puts
	U.S. Treasury 5-Year Note Futures	$112.000	Nov 2008	43	$24,801	($58,453)
	U.S. Treasury 10-Year Note Futures	116.50	Nov 2008	43	47,879	(133,703)
	U.S. Treasury 10-Year Note Futures	115.00	Nov 2008	75	56,438	(165,234)
	U.S. Treasury 10-Year Note Futures	114.00	Nov 2008	58	39,179	(98,781)
	U.S. Treasury 10-Year Note Futures	113.00	Nov 2008	38	18,216	(48,688)
	U.S. Treasury 10-Year Note Futures	112.00	Nov 2008	76	51,292	(72,438)
	U.S. Treasury 10-Year Note Futures	111.00	Nov 2008	38	22,966	(26,719)
	U.S. Treasury 10-Year Note Futures	108.00	Nov 2008	66	34,857	(17,531)
				437	$295,628	($621,547)
Total Return	Calls
	U.S. Treasury 10-Year Note Futures	$119.00	Nov 2008	190	$104,213	($115,781)
				190	$104,213	($115,781)
	Puts
	U.S. Treasury 10-Year Note Futures	$113.00	Nov 2008	190	$107,338	($243,438)
				190	$107,338	($243,438)
U.S. Government Securities	Calls
	Eurodollar Futures	$97.625	Sep 2009	186	$144,320	($119,738)
				186	$144,320	($119,738)

Interest Rate Swaptions

				Pay/Receive
				Floating	Exercise			Notional
Portfolio	Name of Issuer	Counterparty	Floating Rate Index	Rate	Rate	Expiration Date		Amount	Premium	Value
Global Bond	Calls
	2-Year Interest Rate		6 Month EUR-
	Swap	HSBC Bank USA, N.A.	EURIBOR	Receive	5.29%	Jun 2009	EUR	12,500,000	$166,152	($306,483)
	5-Year Interest Rate
	Swap	Barclays Bank PLC	3 Month USD-LIBOR	Receive	4.15%	Aug 2009	USD	6,700,000	168,170	(135,987)
	5-Year Interest Rate	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.30%	Aug 2009	USD	137,300,000	3,293,484	(3,198,706)

	Swap
	7-Year Interest Rate
	Swap	Barclays Bank PLC	3 Month USD-LIBOR	Receive	4.25%	Feb 2009	USD	34,000,000	499,800	(677,195)
	7-Year Interest Rate	Morgan Stanley Capital Services,
	Swap	Inc.	3 Month USD-LIBOR	Receive	4.90%	Jul 2009	USD	33,400,000	1,123,576	(1,462,165)
	7-Year Interest Rate
	Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.40%	Aug 2009	USD	32,000,000	1,048,313	(890,608)
	7-Year Interest Rate
	Swap	Merrill Lynch Capital Services	3 Month USD-LIBOR	Receive	4.40%	Aug 2009	USD	4,800,000	158,400	(133,591)
	7-Year Interest Rate
	Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.55%	Aug 2009	USD	17,600,000	538,874	(564,898)
	7-Year Interest Rate
	Swap	Merrill Lynch Capital Services	3 Month USD-LIBOR	Receive	5.32%	Aug 2009	USD	18,700,000	506,770	(1,119,470)
	7-Year Interest Rate
	Swap	Barclays Bank PLC	3 Month USD-LIBOR	Receive	5.32%	Aug 2009	USD	36,200,000	969,490	(2,167,102)
	7-Year Interest Rate
	Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	5.32%	Aug 2009	USD	8,200,000	227,345	(490,891)
	7-Year Interest Rate		6 Month EUR-
	Swap	Deutsche Bank AG	EURIBOR	Receive	4.23%	Sep 2009	EUR	21,700,000	283,402	(294,113)
	30-Year Interest Rate
	Swap	JP Morgan Chase Bank	3 Month USD-LIBOR	Receive	4.65%	Jan 2009	USD	7,200,000	94,680	(299,673)
								370,300,000	$9,078,456	($11,740,882)
	Puts
	2.-Year Interest Rate		6 Month EUR-
	Swap	HSBC Bank USA, N.A.	EURIBOR	Receive	5.29%	Jun 2009	EUR	12,500,000	$166,152	($42,692)
	30-Year Interest Rate		6 Month EUR-
	Swap	Citibank N.A.	EURIBOR	Receive	5.20%	Dec 2008	EUR	3,200,000	73,168	(5,946)
	30-Year Interest Rate
	Swap	JP Morgan Chase Bank	3 Month USD-LIBOR	Receive	5.65%	Jan 2009	USD	7,200,000	129,960	(54,507)
								22,900,000	$369,280	($103,145)
Real Return Bond	Calls
	5-Year Interest Rate
	Swap	Barclay Bank PLC	3 Month USD-LIBOR	Receive	4.15%	Aug 2009	USD	300,000	$7,530	($6,089)
	7-Year Interest Rate
	Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.55%	Aug 2009	USD	800,000	24,494	(25,677)
	7-Year Interest Rate
	Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.40%	Aug 2009	USD	1,500,000	49,095	(41,747)
	7-Year Interest Rate
	Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	5.37%	Sep 2010	USD	7,000,000	220,115	(401,583)
	7-Year Interest Rate	Goldman Sachs Capital Markets,
	Swap	L.P.	3 Month USD-LIBOR	Receive	5.37%	Sep 2010	USD	7,000,000	225,050	(401,583)
								16,600,000	$526,284	($876,679)
	Puts
	7-Year Interest Rate
	Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	5.37%	Sep 2010	USD	7,000,000	$220,115	($177,295)
	7-Year Interest Rate	Goldman Sachs Capital Markets,
	Swap	L.P.	3 Month USD-LIBOR	Receive	5.37%	Sep 2010	USD	7,000,000	225,050	(177,295)
								14,000,000	$445,165	($354,590)

Total Return	Calls
	5-Year Interest Rate
	Swap	Barclays Bank PLC	3 Month USD-LIBOR	Receive	4.30%	Feb 2009	USD	50,600,000	$1,249,130	($1,095,399)
	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	(274,251)
	5-Year Interest Rate
	Swap	Barclays Bank PLC	3 Month USD-LIBOR	Receive	4.15%	Aug 2009	USD	16,600,000	416,660	(336,922)
	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	(307,482)
	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	(2,379,872)
	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	(1,077,537)
	7-Year Interest Rate
	Swap	Barclays Bank PLC	3 Month USD-LIBOR	Receive	4.60%	Feb 2009	USD	25,200,000	808,920	(782,437)
	7-Year Interest Rate
	Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.55%	Aug 2009	USD	42,300,000	1,295,135	(1,357,682)
	7-Year Interest Rate
	Swap	Merrill Lynch Capital Services	3 Month USD-LIBOR	Receive	4.40%	Aug 2009	USD	11,600,000	382,800	(322,845)
	7-Year Interest Rate
	Swap	Royal Bank of Scotland PLC	3 Month USD-LIBOR	Receive	4.40%	Aug 2009	USD	77,500,000	2,537,700	(2,156,941)
								442,100,000	$12,511,475	($10,091,368)

Foreign Currency Options

				Expiration		Notional
Portfolio	Name of Issuer		Exercise Price	Date		Amount	Premium	Value
Global Bond	Puts
	OTC U.S. Dollar versus British Pound	GBP	1.71	Oct 2008	USD	2,958,000	$29,326	($29,713)
	OTC U.S. Dollar versus Euro Dollar	EUR	1.39	Oct 2008	USD	5,155,000	44,578	(48,253)
						8,113,000	$73,904	($77,966)

Securities Lending The Portfolios may lend portfolio securities from time to time in order to earn additional income. The Portfolios retain beneficial ownership of the securities it has 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 cash collateral against the loaned securities and maintain the cash 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 cash collateral is delivered to the Portfolios on the next business day. 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 may 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, may enter into an agreement with Morgan Stanley & Co., Inc. and MS Securities Services, Inc. (collectively, Morgan Stanley) which permits the Portfolios to lend securities to Morgan Stanley on a principal basis. Morgan Stanley is the primary borrower of securities of the Portfolios. The risk of having one primary borrower of Portfolio securities (as opposed to several borrowers 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 loss of rights in the collateral) .

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 may 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 pledging of specific securities or cash as collateral at 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 September 30, 2008:

							Unrealized
							Appreciation
Fund	Open Contracts	Number of Contracts		Position	Expiration Date	Notional Value	(Depreciation)
500 Index	S&P 500 Index Futures	77		Long	Dec 2008	$22,503,250	($927,351)
							($927,351)
500 Index B	S&P 500 Index Futures	13		Long	Dec 2008	$3,799,250	($154,464)
							($154,464)
All Cap Core	Russell 2000 Futures	18		Long	Dec 2008	$6,105,600	($371,401)
	Russell E-mini 2000 Index Futures		737	Long	Dec 2008	49,998,080	(3,042,218)
	S&P 500 E-mini Futures	510		Long	Dec 2008	29,809,500	(1,558,924)
	S&P 500 Index Futures	25		Long	Dec 2008	7,306,250	(519,390)
							($5,491,933)
Core Allocation Plus	10-Year German Euro-BUND Futures		3	Long	Dec 2008	$485,987	$2,903
	DJ Euro STOXX 50 Index Futures	2		Long	Dec 2008	86,214	(1,103)
	MSCI EAFE E-mini Index Futures	26		Long	Dec 2008	2,083,900	(49,449)
	S&P 500 E-mini Futures	59		Long	Dec 2008	3,448,550	(93,305)

	U.K. Treasury Bond Futures	2		Long	Dec 2008	398,772	1,220
	U.S. Treasury 10-Year Note Futures	12		Long	Dec 2008	1,375,500	(9,254)
	S&P 500 E-mini Futures	1		Short	Dec 2008	58,450	(1,539)
	U.S. Treasury 10-Year Note Futures	2		Short	Dec 2008	229,250	1,839
	U.S. Treasury 30-Year Bond Futures	1		Short	Dec 2008	117,172	388
							($148,300)
Global Allocation	EOE Dutch Stock Index Futures	18		Long	Oct 2008	$1,679,309	($251,276)
	FTSE 100 Index Futures	50		Long	Dec 2008	4,420,625	(169,411)
	S&P 500 Index Futures	54		Long	Dec 2008	15,781,500	(459,339)
	S&P MIB Index Future	10		Long	Dec 2008	1,808,038	(94,956)
	DAX Index Futures	12		Short	Dec 2008	2,486,739	54,904
	Hang Seng Stock Index Futures	10		Short	Oct 2008	1,164,350	56,923
	S&P TSE 60 Index Futures	14		Short	Dec 2008	1,862,983	140,667
	SPI 200 Index Futures	28		Short	Dec 2008	2,591,626	122,252
	U.S. Treasury 5-Year Note Futures	145		Short	Dec 2008	16,273,984	64,797
							($535,439)
Global Bond	EURIBOR Futures	154		Long	Dec 2008	$51,484,877	$51,588
	EURIBOR Futures	476		Long	Mar 2009	160,123,492	535,572
	EURIBOR Futures	95		Long	Jun 2009	32,042,680	157,146
	EURIBOR Futures	22		Long	Dec 2009	7,424,669	74,332
	Eurodollar Futures	300		Long	Oct 2008	72,075,000	(830,625)
	Eurodollar Futures	300		Long	Dec 2008	72,408,750	(603,750)
	U.S. Treasury 30-Year Bond Futures		570	Long	Dec 2008	66,787,969	(650,726)
	5-Year German Euro-BOBL Futures	332		Short	Dec 2008	51,279,662	(286,853)
	10-Year Canada Government Bond Futures		42	Short	Dec 2008	4,624,045	70,312
	10-Year German Euro-BUND Futures	128		Short	Dec 2008	20,735,435	(110,287)
	Australia Treasury 3-Year Bond Futures		319	Short	Dec 2008	(25,857,420)	(186,991)
	Banker Acceptance Futures	245		Short	Mar 2009	(55,825,699)	11,487
	U.S. Treasury 10-Year Note Futures	977		Short	Dec 2008	111,988,625	(2,524,391)
							($4,293,186)
International Core	CAC 40 Index Futures	85		Long	Oct 2008	$4,840,968	($46,456)
	DAX Index Futures	158		Long	Dec 2008	32,742,057	(744,104)
	EOE Dutch Stock Index Future	3		Long	Oct 2008	279,885	(18,432)
	FTSE 100 Index Futures	24		Long	Dec 2008	2,121,900	21,823
	Hang Seng Stock Index Futures	5		Long	Oct 2008	582,175	(30,960)
	MSCI Singapore Index Future	70		Long	Oct 2008	2,861,677	(81,799)
	OMX 30 Stock Index Futures	18		Long	Oct 2008	201,544	(4,102)
	S&P/MIB Index Futures	16		Long	Dec 2008	2,892,861	(129,209)
	Topix Index Futures	257		Long	Dec 2008	26,242,490	(2,199,014)
	IBEX 35 Index Futures	73		Short	Oct 2008	11,255,821	84,124
	S&P TSE 60 Index Futures	94		Short	Dec 2008	12,508,602	510,638
	SPI 200 Index Futures	158		Short	Dec 2008	14,624,173	516,576
							($2,120,915)

International Equity Index A	CAC 40 10 Euro Futures	27		Long	Dec 2008	$1,539,620	($44,132)
	DAX Index Futures	5		Long	Dec 2008	1,036,141	(25,793)
	EOE Dutch Stock Index Futures	4		Long	Oct 2008	373,180	(55,819)
	FTSE 100 Index Futures	17		Long	Dec 2008	1,503,013	(28,746)
	Hang Seng Stock Index Futures	4		Long	Oct 2008	465,740	(22,109)
	IBEX 35 Index Futures	5		Long	Oct 2008	770,947	5,436
	MSCI Taiwan Index Futures	36		Long	Oct 2008	785,880	(66,218)
	OMX 30 Stock Index Futures	44		Long	Oct 2008	492,663	(24,611)
	S&P TSE 60 Index Futures	8		Long	Dec 2008	1,064,562	(79,265)
	S&P/MIB Index Futures	3		Long	Dec 2008	542,411	(33,944)
	SPI 200 Index Futures	5		Long	Dec 2008	462,790	(9,508)
	Topix Index Futures	24		Long	Dec 2008	2,450,661	(272,502)
							($657,211)
International Equity Index B	CAC 40 10 Euro Futures	28		Long	Dec 2008	$1,596,643	($45,766)
	DAX Index Futures	6		Long	Dec 2008	1,243,369	(30,952)
	EOE Dutch Stock Index Futures	7		Long	Oct 2008	653,065	(97,684)
	FTSE 100 Index Future	27		Long	Dec 2008	2,387,138	(45,655)
	Hang Seng Stock Index Futures	5		Long	Oct 2008	582,175	(28,115)
	IBEX 35 Index Futures	4		Long	Oct 2008	616,757	4,349
	MSCI Taiwan Index Future	62		Long	Oct 2008	1,353,460	(113,940)
	OMX 30 Stock Index Futures	64		Long	Oct 2008	716,601	(35,798)
	S&P TSE 60 Index Futures	9		Long	Dec 2008	1,197,632	(89,173)
	S&P/MIB Index Future	3		Long	Dec 2008	542,411	(33,944)
	SPI 200 Index Futures	10		Long	Dec 2008	925,581	(19,015)
	Topix Index Futures	26		Long	Dec 2008	2,654,882	(296,761)
							($832,454)
Investment Quality Bond	U.S. Treasury 5-year Note Futures	39		Long	Dec 2008	$4,377,141	$14,525
	U.S. Treasury 10-year Note Futures		73	Long	Dec 2008	8,367,625	(77,749)
							($63,224)
Managed	S&P 500 E-mini Futures	109		Long	Dec 2008	6,371,050	($487,719)
							($487,719)
Mid Cap Index	S&P Mid 400 E-mini Index Futures	333		Long	Dec 2008	24,318,990	($614,323)
							($614,323)
Real Return Bond	2-Year German Euro-BUND Futures		14	Long	Dec 2008	$2,057,247	$16,359
	90 Day Sterling Futures	267		Long	Jun 2009	56,517,311	460,026
	EURIBOR Futures	68		Long	Dec 2008	22,733,582	(128,039)
	EURIBOR Futures	43		Long	Mar 2009	14,464,937	(29,511)
	EURIBOR Futures	110		Long	Jun 2009	37,102,050	33,611
	EURIBOR Futures	93		Long	Sep 2009	31,431,923	72,009
	EURIBOR Futures	93		Long	Dec 2009	31,386,099	44,187

	Eurodollar Futures	224	Long	Dec 2008	54,065,200	(67,600)
	Eurodollar Futures	212	Long	Mar 2009	51,428,550	662,750
	Eurodollar Futures	610	Long	Jun 2009	147,864,000	349,275
	Eurodollar Futures	833	Long	Sep 2009	201,742,188	2,266,850
	Eurodollar Futures	296	Long	Dec 2009	71,454,400	213,975
	Eurodollar Futures	296	Long	Mar 2010	71,336,000	198,325
	LIBOR Futures	226	Long	Dec 2008	47,276,111	(489,165)
	LIBOR Futures	61	Long	Mar 2009	12,876,949	26,838
	10-Year German Euro-BUND Futures	194	Short	Dec 2008	31,427,144	(207,907)
	10-Year Japan Government Bond Futures	24	Short	Dec 2008	31,037,187	165,953
	U.K Treasury Bond Futures	48	Short	Dec 2008	9,570,525	(38,964)
	U.S. Treasury 5-Year Note Futures	19	Short	Dec 2008	2,132,453	297
						$3,549,269
Small Cap Index	Russell E-mini 2000 Index Futures	282	Long	Dec 2008	19,130,880	($842,049)
						($842,049)
Small Cap	Russell 2000 Futures	47	Long	Dec 2008	15,942,400	($215,100)
						($215,100)
Spectrum Income	2-Year German Euro-BUND Futures	22	Long	Dec 2008	$3,232,816	$22,270
	5-Year German Euro-BOBL Futures	9	Long	Dec 2008	1,390,111	(824)
	10-Year German Euro-BUND Futures	10	Long	Dec 2008	1,619,956	3,097
	U.S. Treasury 5-Year Note Futures	19	Long	Dec 2008	2,132,453	1,953
	U.S. Treasury 10-Year Note Futures	8	Long	Dec 2008	917,000	(15,344)
	U.S. Treasury 30-Year Bond Futures	7	Long	Dec 2008	820,203	(9,247)
	10-Year Canada Government Bond Futures	35	Short	Dec 2008	3,853,371	59,197
	U.K. Treasury Bond Futures	8	Short	Dec 2008	1,595,087	(6,258)
	U.S. Treasury 2-Year Note Futures	8	Short	Dec 2008	1,707,500	(7,782)
	U.S. Treasury 10-Year Note Futures	16	Short	Dec 2008	1,834,000	25,398
						$72,460
Strategic Bond	10-Year German Euro-BUND Futures	568	Long	Dec 2008	$92,013,492	($75,754)
	Eurodollar Futures	281	Long	Mar 2009	68,167,088	161,333
	Eurodollar Futures	150	Long	Jun 2009	36,360,000	(121,706)
	LIBOR Futures	54	Long	Mar 2009	11,399,266	113,135
	U.K. Treasury Bond Futures	19	Long	Dec 2008	3,788,333	16,611
	U.S. Treasury 5-Year Note Futures	613	Long	Dec 2008	68,799,687	280,739
	Australian Dollar Futures	22	Short	Dec 2008	1,734,920	11,990
	British Pound Futures	47	Short	Dec 2008	5,240,500	(118,616)
	Euro Currency Futures	133	Short	Dec 2008	23,497,775	(289,777)
	U.S. Treasury 10-Year Note Futures	80	Short	Dec 2008	9,170,000	81,764
	U.S. Treasury 30-Year Bond Futures	106	Short	Dec 2008	12,420,221	(7,298)
						$52,421
Strategic Income	U.S. Treasury 10-year Note Futures	196	Short	Dec 2008	$22,466,500	$27,182

						$27,182
Total Return	90 Day Sterling Futures	547	Long	Jun 2009	$115,786,401	$1,174,601
	90 Day Sterling Futures	50	Long	Dec 2009	10,578,210	1,600
	EURIBOR Futures	185	Long	Dec 2008	61,848,716	135,476
	EURIBOR Futures	125	Long	Mar 2009	42,049,236	375,161
	EURIBOR Futures	74	Long	Jun 2009	24,959,561	268,978
	Eurodollar Futures	5,244	Long	Dec 2008	1,265,704,950	6,065,687
	Eurodollar Futures	2,771	Long	Mar 2009	672,209,963	4,748,288
	Eurodollar Futures	1,634	Long	Jun 2009	396,081,600	513,375
	Eurodollar Futures	907	Long	Sep 2009	219,664,063	231,275
	Eurodollar Futures	751	Long	Dec 2009	181,291,400	(201,638)
	Eurodollar Futures	547	Long	Mar 2010	131,827,000	8,525
	Eurodollar Futures	23	Long	Jun 2010	5,528,913	6,325
	Eurodollar Futures	23	Long	Sep 2010	5,514,538	6,738
	LIBOR Futures	411	Long	Dec 2008	85,975,582	(407,105)
	LIBOR Futures	842	Long	Mar 2009	177,744,112	1,566,332
	U.S. Treasury 10-Year Note Futures	636	Long	Dec 2008	72,901,500	(680,250)
						$13,813,368
Total Stock Market Index	Russell 2000 Futures	3	Long	Dec 2008	$1,017,600	($51,996)
	S&P 500 Index Futures	20	Long	Dec 2008	5,845,000	(299,865)
	S&P Midcap 400 Index Futures	1	Long	Dec 2008	365,150	(18,707)
						($370,568)
U.S Government Securities	Eurodollar Futures	250	Long	Dec 2008	$60,340,625	($288,750)
	Eurodollar Futures	150	Long	Mar 2009	36,388,125	59,701
	Eurodollar Futures	186	Long	Sep 2009	45,046,875	103,933
	U.S. Treasury 2-Year Note Futures	117	Long	Dec 2008	24,972,199	142,817
	U.S. Treasury 5-Year Note Futures	955	Long	Dec 2008	107,183,852	398,819
	U.S. Treasury 10-Year Note Futures	605	Short	Dec 2008	69,348,125	479,867
	U.S. Treasury 30-Year Bond Futures	65	Short	Dec 2008	7,616,174	49,134
						$945,521
U.S. Multi Sector	S&P 500 E-mini Futures	306	Long	Dec 2008	$17,885,700	($1,369,194)
						($1,369,194)

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.

Certain forms of interest rate swap agreements may include: (i) interest rate caps, under which, in return for a premium, one party agrees to make payments to the other to the extent that interest rates exceed a specified rate, or “cap”, (ii) interest rate floors, under which, in return for a premium, one party agrees to make payments to the other to the extent that interest rates fall below a specified rate, or “floor”, (iii) interest rate collars, under which a party sells a cap and purchases a floor or vice versa in an attempt to protect itself against

interest rate movements exceeding given minimum or maximum levels, (iv) callable interest rate swaps, under which the counterparty may terminate the swap transaction in whole at zero cost by a predetermined date and time prior to the expiration date, or (v) spreadlocks, which allow the interest rate swap users to lock in the forward differential (or spread) between the interest rate swap rate and a specified benchmark.

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 September 30, 2008:

							Unamortized
					Payments		Upfront	Unrealized
				Payments Made	Received by	Termination	Payment Made	Appreciation	Market
Portfolio	Counterparty	Notional Amount	Currency	by Fund	Fund	Date	(Received)	(Depreciation)	Value
Global Bond
	Bank of America N.A.	2,500,000	CAD	Fixed 4.250%	3 Month BA-CDOR	Dec 2013	($23,945)	($40,353)	($64,298)
	Bank of America N.A.	16,100,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	575,253	(1,319,780)	(744,527)
	Bank of Nova Scotia	7,500,000	CAD	Fixed 4.250%	3 Month BA-CDOR	Dec 2013	(76,225)	(116,668)	(192,893)
	Barclays Bank PLC	6,200,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2014	(63,539)	19,438	(44,101)
	Barclays Bank PLC	73,000,000	EUR	6 Month EURIBOR	Fixed 4.000%	Sep 2009	(376,159)	(1,249,564)	(1,625,723)
	Barclays Bank PLC	2,500,000	EUR	FRCPXTOB	Fixed 1.948%	Mar 2012	-	(98,527)	(98,527)
	Barclays Bank PLC	149,700,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2015	928,140	(1,120,190)	(192,050)
	Barclays Bank PLC	30,900,000	GBP	Fixed 4.500%	6 Month LIBOR	Sep 2017	144,783	84,436	229,219
	Barclays Bank PLC	18,100,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2018	(642,550)	(50,030)	(692,580)
	Barclays Bank PLC	8,600,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2035	(83,579)	304,967	221,388
	Barclays Bank PLC	9,700,000	EUR	Fixed 5.000%	6 Month EURIBOR	Sep 2038	(871,654)	(101,255)	(972,909)
	Barclays Bank PLC	35,400,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	845,056	(2,482,090)	(1,637,034)
	Barclays Bank PLC	1,600,000	GBP	6 Month LIBOR	Fixed 5.000%	Mar 2039	160,535	107,505	268,040
	Barclays Bank PLC	2,700,000	EUR	Fixed 5.000%	6 Month EURIBOR	Mar 2039	(35,452)	(246,904)	(282,356)
	BNP Paribas Securities Corp.	50,700,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2011	80,700	525	81,225
	BNP Paribas Securities Corp.	2,150,000,000	JPY	6 Month LIBOR	Fixed 1.500%	Jun 2013	39,242	81,158	120,400
	BNP Paribas Securities Corp.	8,300,000	GBP	6 Month LIBOR	Fixed 5.000%	Mar 2014	(22,574)	(17,337)	(39,911)
	BNP Paribas Securities Corp.	1,110,000,000	JPY	Fixed 2.000%	6 Month LIBOR	Dec 2017	(172,137)	(117,377)	(289,514)
	BNP Paribas Securities Corp.	1,100,000	EUR	Fixed 5.000%	6 Month EURIBOR	Sep 2038	12,943	(123,273)	(110,330)
	BNP Paribas Securities Corp.	300,000	EUR	Fixed 5.000%	6 Month EURIBOR	Mar 2039	(3,547)	(27,826)	(31,373)
	Citibank N.A.	2,500,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2013	(36,161)	610	(35,551)
	Citibank N.A.	55,000,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2018	(715,778)	(1,388,748)	(2,104,526)

Citibank N.A.	1,200,000	EUR	Fixed 5.500%	6 Month LIBOR	Sep 2038	(30,646)	(89,714)	(120,360)
Citibank N.A.	1,900,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	31,065	(118,928)	(87,863)
Citibank N.A.	4,100,000	CAD	Fixed 5.000%	3 Month BA-CDOR	Jun 2015	(132,199)	(154,055)	(286,254)
				6 Month BBR-
Citibank N.A.	17,100,000	AUD	Fixed 6.000%	BBSW	Jun 2015	(105,216)	398,650	293,434
Citibank N.A.	20,400,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2015	(840,072)	38,589	(801,483)
Citibank N.A.	5,100,000	GBP	Fixed 5.000%	6 Month LIBOR	Dec 2019	(80,358)	17,249	(63,109)
Credit Suisse International	3,300,000	GBP	6 Month LIBOR	Fixed 5.000%	Mar 2014	(70,829)	54,961	(15,868)
			6 Month BBR-
Credit Suisse International	15,300,000	AUD	BBSW	Fixed 7.250%	Jun 2013	(19,953)	440,786	420,833
Deutsche Bank AG	2,620,000,000	JPY	6 Month LIBOR	Fixed 1.500%	Jun 2013	50,240	96,480	146,720
Deutsche Bank AG	1,350,000,000	JPY	Fixed 2.000%	6 Month LIBOR	Dec 2017	(210,764)	(141,348)	(352,112)
Deutsche Bank AG	6,200,000	CAD	Fixed 4.500%	3 Month BA-CDOR	Sep 2037	(68,116)	261,061	192,945
Deutsche Bank AG	3,300,000	EUR	Fixed 5.000%	6 Month EURIBOR	Sep 2038	(56,458)	(274,532)	(330,990)
Deutsche Bank AG	1,400,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	(114,590)	49,849	(64,741)
Deutsche Bank AG	6,670,000,000	JPY	6 Month LIBOR	Fixed 1.000%	Mar 2009	(31,637)	23,381	(8,256)
			6 Month BBR-
Deutsche Bank AG	64,300,000	AUD	BBSW	Fixed 7.500%	Jun 2011	(774,770)	2,007,853	1,233,083
			6 Month BBR-
Deutsche Bank AG	60,000,000	AUD	BBSW	Fixed 7.250%	Jun 2011	(166,670)	1,109,209	942,539
			6 Month BBR-
Deutsche Bank AG	900,000	AUD	BBSW	Fixed 6.000%	Jun 2012	(5,901)	(6,227)	(12,128)
			6 Month BBR-
Deutsche Bank AG	800,000	AUD	BBSW	Fixed 7.250%	Jun 2013	(1,256)	23,260	22,004
Deutsche Bank AG	500,000,000	JPY	Fixed 2.500%	6 Month LIBOR	Dec 2027	(75,337)	(225,977)	(301,314)
Deutsche Bank AG	1,900,000	GBP	Fixed 4.100%	6 Month LIBOR	Jun 2036	-	236,714	236,714
Goldman Sachs	58,600,000	HKD	Fixed 4.235%	3 Month HIBOR	Dec 2008	-	(73,049)	(73,049)
Goldman Sachs	34,100,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2009	(294,127)	140,874	(153,253)
Goldman Sachs	500,000	EUR	Fixed 5.000%	6 Month EURIBOR	Mar 2009	(34,902)	(17,386)	(52,288)
Goldman Sachs	310,000,000	JPY	Fixed 1.300%	6 Month LIBOR	Sep 2011	(3,429)	(10,094)	(13,523)
Goldman Sachs	2,700,000	GBP	6 Month EURIBOR	Fixed 5.000%	Mar 2012	(19,760)	18,186	(1,574)
Goldman Sachs	5,300,000	GBP	6 Month LIBOR	Fixed 5.250%	Mar 2014	(1,032)	75,663	74,631
Goldman Sachs	25,200,000	GBP	6 Month LIBOR	Fixed 5.000%	Mar 2014	(12,657)	(108,519)	(121,176)
Goldman Sachs	54,000,000	SEK	6 Month STIBOR	Fixed 4.500%	Mar 2014	(56,033)	33,990	(22,043)
Goldman Sachs	44,000,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2018	(1,280,400)	(403,220)	(1,683,620)
Goldman Sachs	3,300,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2019	(56,955)	(2,523)	(59,478)
JPMorgan Chase Bank	29,700,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2009	(168,005)	(43,253)	(211,258)
JPMorgan Chase Bank	16,000,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2019	(274,180)	(14,196)	(288,376)
JPMorgan Chase Bank	35,000,000	EUR	Fixed 5.000%	6 Month EURIBOR	Mar 2039	(2,141,491)	(1,518,676)	(3,660,167)

Merrill Lynch Capital Services, Inc.	900,000	CAD	Fixed 4.250%	3 Month BA-CDOR	Dec 2013	(5,939)	(17,208)	(23,147)
Merrill Lynch Capital Services, Inc.	23,200,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2018	(702,960)	(184,767)	(887,727)
Merrill Lynch Capital Services, Inc.	3,100,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	(152,370)	9,014	(143,356)
Morgan Stanley Capital Services Inc.	5,900,000	EUR	Fixed 5.000%	6 Month EURIBOR	Mar 2009	(398,836)	(218,164)	(617,000)
Morgan Stanley Capital Services Inc.	24,000,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2014	3,810	(174,523)	(170,713)
Morgan Stanley Capital Services Inc.	62,600,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2018	(696,670)	(1,698,663)	(2,395,333)
Morgan Stanley Capital Services Inc.	400,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2028	2,420	(17,621)	(15,201)
Morgan Stanley Capital Services Inc.	4,000,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	(257,230)	72,254	(184,976)
Morgan Stanley Capital Services Inc.	62,700,000	EUR	6 Month EURIBOR	Fixed 4.000%	Sep 2009	(313,849)	(1,072,728)	(1,386,577)
Morgan Stanley Capital Services Inc.	2,000,000,000	JPY	Fixed 1.980%	6 Month LIBOR	Sep 2016	-	(860,979)	(860,979)
				6 Month BBR-
Morgan Stanley Capital Services Inc.	15,100,000	AUD	Fixed 6.500%	BBSW	Jun 2017	383,670	(503,302)	(119,632)
Morgan Stanley Capital Services Inc.	9,100,000	GBP	6 Month LIBOR	Fixed 5.000%	Mar 2018	(289,433)	149,499	(139,934)
Morgan Stanley Capital Services Inc.	22,300,000	EUR	6 Month EURIBOR	Fixed 6.000%	Jun 2034	4,013,194	391,242	4,404,436
Morgan Stanley Capital Services Inc.	8,000,000	EUR	6 Month EURIBOR	Fixed 4.500%	Jun 2034	(559,862)	476,039	(83,823)
Morgan Stanley Capital Services Inc.	1,080,000,000	JPY	Fixed 2.500%	6 Month LIBOR	Jun 2036	110,970	(615,598)	(504,628)
Morgan Stanley Capital Services Inc.	3,000,000	EUR	Fixed 5.000%	6 Month EURIBOR	Sep 2038	(239,139)	(61,761)	(300,900)
The Royal Bank of Scotland PLC	12,000,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	(828,270)	273,343	(554,927)
The Royal Bank of Scotland PLC	2,100,000	EUR	FRCPXTOB	Fixed 1.955%	Mar 2012	-	(86,653)	(86,653)
The Royal Bank of Scotland PLC	2,100,000	EUR	FRCPXTOB	Fixed 1.950%	Mar 2012	-	(87,877)	(87,877)
The Royal Bank of Scotland PLC	57,700,000	EUR	6 Month EURIBOR	Fixed 4.000%	Sep 2013	(52,331)	(2,392,010)	(2,444,341)
The Royal Bank of Scotland PLC	61,800,000	USD	3 Month LIBOR	Fixed 4.000%	Dec 2013	(423,330)	10,049	(413,281)
The Royal Bank of Scotland PLC	31,300,000	GBP	6 Month LIBOR	Fixed 5.000%	Mar 2016	(5,310)	(64,020)	(69,330)
The Royal Bank of Scotland PLC	2,600,000	EUR	6 Month EURIBOR	Fixed 4.500%	Jun 2034	(185,180)	157,938	(27,242)
The Royal Bank of Scotland PLC	600,000	GBP	Fixed 5.500%	6 Month LIBOR	Dec 2036	(76,176)	(85,961)	(162,137)
The Royal Bank of Scotland PLC	1,200,000	EUR	Fixed 5.000%	6 Month EURIBOR	Sep 2038	(9,953)	(110,407)	(120,360)
			6 Month BBR-
UBS AG	7,300,000	AUD	BBSW	Fixed 7.250%	Jun 2011	(30,447)	145,123	114,676
UBS AG	1,980,000,000	JPY	6 Month LIBOR	Fixed 1.500%	Jun 2013	(98,029)	208,909	110,880
			6 Month BBR-
UBS AG	10,600,000	AUD	BBSW	Fixed 7.000%	Jun 2014	242,833	27,962	270,795
				6 Month BBR-
UBS AG	11,900,000	AUD	Fixed 6.000%	BBSW	Jun 2015	(95,674)	299,899	204,225
						($8,047,177)	($12,107,196)	($20,154,373)
Real Return Bond
Bank of America N.A.	3,400,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2018	($113,084)	($17,014)	($130,098)
Bank of America N.A.	15,400,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2023	153,076	(714,796)	(561,720)

Bank of America N.A.	48,900,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	(1,769,288)	(492,039)	(2,261,327)
Barclays Bank PLC	3,900,000	GBP	6 Month LIBOR	Fixed 5.000%	Jun 2009	(12,815)	(46,439)	(59,254)
			6 Month BBR-
Barclays Bank PLC	16,100,000	AUD	BBSW	Fixed 7.000%	Dec 2009	8,015	85,803	93,818
Barclays Bank PLC	1,800,000	EUR	FRCPXTOB	Fixed 2.103%	Oct 2010	-	(14,242)	(14,242)
Barclays Bank PLC	15,488,543	BRL	CDI	Fixed 10.680%	Jan 2012	(162,724)	(873,258)	(1,035,982)
Barclays Bank PLC	1,100,000	EUR	FRCPXTOB	Fixed 1.948%	Mar 2012	528	(43,880)	(43,352)
Barclays Bank PLC	300,000	EUR	FRCPXTOB	Fixed 1.960%	Apr 2012	-	(12,239)	(12,239)
Barclays Bank PLC	800,000	EUR	FRCPXTOB	Fixed 1.980%	Apr 2012	-	(33,187)	(33,187)
Barclays Bank PLC	1,800,000	EUR	FRCPXTOB	Fixed 2.070%	Sep 2012	-	(65,621)	(65,621)
Barclays Bank PLC	3,400,000	EUR	FRCPXTOB	Fixed 2.138%	Jan 2016	-	(140,418)	(140,418)
			28-Day Mexico
			Interbank TIIE
Barclays Bank PLC	13,000,000	MXN	Banxico	Fixed 8.720%	Sep 2016	-	(3,823)	(3,823)
			28-Day Mexico
			Interbank TIIE
Barclays Bank PLC	10,500,000	MXN	Banxico	Fixed 8.330%	Feb 2017	-	(27,079)	(27,079)
Barclays Bank PLC	3,700,000	GBP	UKRPI	Fixed 3.250%	Dec 2017	14,099	(322,773)	(308,674)
				6 Month BBR-
Barclays Bank PLC	2,000,000	AUD	Fixed 6.750%	BBSW	Dec 2017	1,416	(46,987)	(45,571)
Barclays Bank PLC	3,700,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2028	(45,140)	(95,466)	(140,606)
Barclays Bank PLC	5,200,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2035	101,386	32,476	133,862
Barclays Bank PLC	1,400,000	GBP	Fixed 5.000%	6 Month LIBOR	Mar 2039	(142,156)	(92,379)	(234,535)
Barclays Bank PLC	31,400,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2018	820,978	(2,022,471)	(1,201,493)
BNP Paribas	2,000,000	EUR	FRCPXTOB	Fixed 2.090%	Oct 2010	-	(16,371)	(16,371)
BNP Paribas	2,600,000	EUR	FRCPXTOB	Fixed 2.040%	Feb 2011	-	(40,429)	(40,429)
BNP Paribas	4,500,000	EUR	FRCPXTOB	Fixed 1.988%	Dec 2011	-	(142,981)	(142,981)
Citibank N.A	15,000,000	EUR	FRCPXTOB	Fixed 2.110%	Nov 2008	-	(538,174)	(538,174)
			6 Month BBR-
Citibank N.A	4,300,000	AUD	BBSW	Fixed 6.500%	Jan 2010	(1,658)	(11,508)	(13,166)
Citibank N.A.	3,800,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	100,700	(276,427)	(175,727)
Credit Suisse International	28,800,000	USD	3 month LIBOR	Fixed 4.000%	Jun 2010	194,400	(15,705)	178,695
Credit Suisse International	6,900,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2010	(132,824)	43,068	(89,756)
Credit Suisse International	2,700,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2035	57,066	12,439	69,505
Credit Suisse International	1,700,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	(101,099)	22,484	(78,615)
Deutsche Bank AG	17,000,000	AUD	AUD-BBR-BBSW	Fixed 6.500%	Jan 2010	(8,590)	(43,463)	(52,053)
Deutsche Bank AG	10,400,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2010	(3,917)	(57,602)	(61,519)
Deutsche Bank AG	18,700,000	GBP	6 Month LIBOR	Fixed 6.000%	Mar 2010	234,146	97,939	332,085
			6 Month BBR-
Deutsche Bank AG	60,500,000	AUD	BBSW	Fixed 7.000%	Jun 2010	3,079	276,752	279,831

Deutsche Bank AG	83,800,000	USD	3 month LIBOR	Fixed 4.000%	Jun 2010	508,050	11,904	519,954
Deutsche Bank AG	5,000,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2021	297,049	(531,449)	(234,400)
Deutsche Bank AG	300,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	(24,555)	10,682	(13,873)
Goldman Sachs	10,800,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2011	(22,725)	40,027	17,302
Goldman Sachs	600,000	EUR	FRCPXTOB	Fixed 1.960%	Mar 2012	-	(25,709)	(25,709)
Goldman Sachs	5,000,000	GBP	6 month LIBOR	Fixed 5.000%	Mar 2013	29,494	(152,300)	(122,806)
Goldman Sachs	5,200,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2013	(78,215)	22,069	(56,146)
Goldman Sachs	3,200,000	GBP	UKRPI	Fixed 3.110%	Jan 2018	-	(344,449)	(344,449)
Goldman Sachs	2,000,000	USD	CPI-U	Fixed 2.970%	Mar 2018	-	87,146	87,146
Goldman Sachs	500,000	USD	Fixed 5.000%	3 month LIBOR	Dec 2028	(29,750)	10,749	(19,001)
Goldman Sachs	21,200,000	USD	Fixed 5.000%	3 month LIBOR	Dec 2038	(574,861)	(405,510)	(980,371)
Goldman Sachs	1,200,000	GBP	Fixed 5.000%	6 Month LIBOR	Mar 2039	(137,731)	(63,299)	(201,030)
HSBC Bank	1,800,000	GBP	Fixed 4.250%	6 Month LIBOR	Jun 2036	-	149,671	149,671
			6 Month BBR-
JPMorgan Chase Bank	2,800,000	AUD	BBSW	Fixed 6.500%	Jan 2010	(981)	(7,592)	(8,573)
JPMorgan Chase Bank	4,100,000	EUR	FRCPXTOB	Fixed 2.095%	Oct 2011	-	(71,982)	(71,982)
JPMorgan Chase Bank	2,000,000	EUR	FRCPXTOB	Fixed 2.028%	Oct 2011	-	(45,010)	(45,010)
JPMorgan Chase Bank	4,900,000	EUR	FRCPXTOB	Fixed 1.970%	Dec 2011	-	(170,858)	(170,858)
JPMorgan Chase Bank	1,900,000	EUR	FRCPXTOB	Fixed 2.353%	Oct 2016	-	(27,799)	(27,799)
Merrill Lynch Capital Services, Inc.	6,800,000	USD	3 Month LIBOR	Fixed 4.000%	Jun 2010	(27,472)	69,664	42,192
Merrill Lynch Capital Services, Inc.	14,889,987	BRL	CDI	Fixed 12.540%	Jan 2012	(77,607)	(327,294)	(404,901)
Merrill Lynch Capital Services, Inc.	6,900,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2023	27,232	(278,912)	(251,680)
Merrill Lynch Capital Services, Inc.	4,400,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2018	(137,600)	(30,762)	(168,362)
Merrill Lynch International	5,900,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	(193,370)	(79,469)	(272,839)
Morgan Stanley Capital Services, Inc.	3,300,000,000	JPY	6 Month LIBOR	Fixed 1.000%	Mar 2009	(27,844)	20,647	(7,197)
			6 Month BBR-
Morgan Stanley Capital Services, Inc.	16,000,000	AUD	BBSW	Fixed 7.000%	Dec 2009	8,590	84,645	93,235
Morgan Stanley Capital Services, Inc.	14,100,000	GBP	6 Month LIBOR	Fixed 5.000%	Dec 2009	(36,713)	(5,353)	(42,066)
Morgan Stanley Capital Services, Inc.	10,400,000	EUR	6 Month EURIBOR	Fixed 4.500%	Mar 2010	(3,938)	(57,581)	(61,519)
Morgan Stanley Capital Services, Inc.	1,718,075	BRL	CDI	Fixed 12.540%	Jan 2012	(6,977)	(39,742)	(46,719)
Morgan Stanley Capital Services, Inc.	6,029,500	BRL	CDI	Fixed 10.115%	Jan 2012	(132,099)	(354,288)	(486,387)
Morgan Stanley Capital Services, Inc.	2,300,000	USD	3 Month LIBOR	Fixed 4.000%	Dec 2013	(42,964)	27,583	(15,381)
				6 Month BBR-
Morgan Stanley Capital Services, Inc.	2,000,000	AUD	Fixed 6.750%	BBSW	Dec 2017	694	(46,265)	(45,571)
Morgan Stanley Capital Services, Inc.	2,000,000	USD	CPURNSA	Fixed 2.980%	Mar 2018	-	83,702	83,702
Morgan Stanley Capital Services, Inc.	5,100,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2028	30,855	(224,663)	(193,808)

Morgan Stanley Capital Services, Inc.	900,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	(57,877)	16,257	(41,620)
Morgan Stanley Capital Services, Inc.	4,200,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2013	(65,523)	23,038	(42,485)
			6 Month BBR-
Royal Bank of Canada	1,800,000	AUD	BBSW	Fixed 6.500%	Jan 2010	(1,166)	(4,346)	(5,512)
The Royal Bank of Scotland PLC	3,200,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	(220,872)	72,892	(147,980)
The Royal Bank of Scotland PLC	28,600,000	USD	3 Month LIBOR	Fixed 4.000%	Jun 2010	(120,621)	298,075	177,454
The Royal Bank of Scotland PLC	8,500,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2010	(150,844)	109,694	(41,150)
The Royal Bank of Scotland PLC	1,900,000	EUR	FRCPXTOB	Fixed 1.955%	Mar 2012	-	(78,400)	(78,400)
The Royal Bank of Scotland PLC	1,200,000	EUR	FRCPXTOB	Fixed 1.950%	Mar 2012	-	(50,216)	(50,216)
The Royal Bank of Scotland PLC	6,100,000	GBP	UKRPI	Fixed 3.183%	Dec 2017	4,131	(572,219)	(568,088)
The Royal Bank of Scotland PLC	1,900,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2023	(24,225)	(45,078)	(69,303)
The Royal Bank of Scotland PLC	1,300,000	GBP	UKRPI	Fixed 3.440%	Sep 2027	-	(239,479)	(239,479)
UBS AG	2,700,000	EUR	FRCPXTOB	Fixed 2.146%	Oct 2010	-	(12,406)	(12,406)
UBS AG	2,000,000	EUR	Fixed 2.275%	FRCPXTOB	Oct 2016	-	(35,781)	(35,781)
UBS AG	2,000,000	EUR	FRCPXTOB	Fixed 2.350%	Oct 2016		(35,781)	(35,781)
						($2,094,841)	($8,861,357)	($10,956,198)
Spectrum Income
JPMorgan Chase Bank	830,000,000	KRW	3M KW-CDC	Fixed 5.290%	Jun 2012	-	($2,146)	($2,146)
JPMorgan Chase Bank	232,000,000	KRW	3M KW-CDC	Fixed 5.055%	Jun 2012	-	(2,189)	(2,189)
JPMorgan Chase Bank	608,000,000	KRW	3M KW-CDC	Fixed 5.200%	Jun 2012	-	(3,248)	(3,248)
JPMorgan Chase Bank	608,000,000	KRW	3M KW-CDC	Fixed 5.180%	Jun 2012	-	(3,588)	(3,588)
						-	($11,171)	($11,171)
Total Return
Bank of America N.A.	23,000,000	USD	3 Month LIBOR	Fixed 4.000%	Dec 2010	$449,190	($225,963)	$223,227
Bank of America N.A.	10,400,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2028	127,342	(522,559)	(395,217)
Bank of America N.A.	20,300,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	572,235	(1,510,986)	(938,751)
Barclays Bank PLC	14,200,000	GBP	6 Month LIBOR	Fixed 6.000%	Dec 2008	10,698	(37,418)	(26,720)
Barclays Bank PLC	8,000,000	GBP	6 Month LIBOR	Fixed 6.000%	Mar 2009	28,595	(40,433)	(11,838)
Barclays Bank PLC	8,500,000	GBP	6 Month LIBOR	Fixed 5.000%	Jun 2009	(93,654)	(40,698)	(134,352)
Barclays Bank PLC	7,884,723	BRL	CDI	Fixed 11.360%	Jan 2010	-	(175,876)	(175,876)
Barclays Bank PLC	4,800,000	EUR	FRCPXTOB	Fixed 2.103%	Oct 2010	-	(37,980)	(37,980)
Barclays Bank PLC	5,400,000	USD	3 Month LIBOR	Fixed 4.000%	Dec 2010	6,318	5,220	11,538
Barclays Bank PLC	700,000	EUR	FRCPXTOB	Fixed 1.960%	Apr 2012	-	(28,557)	(28,557)
Barclays Bank PLC	1,800,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2036			269,580

						204,722	64,858
BNP Paribas	8,400,000	USD	3 Month LIBOR	Fixed 0.710%	Sep 2009	1,241	(86,474)	(85,233)
BNP Paribas	1,100,000	EUR	FRCPXTOB	Fixed 2.090%	Oct 2010	-	(9,004)	(9,004)
BNP Paribas	16,500,000	USD	3 Month LIBOR	Fixed 0.763%	Feb 2014	1,299	(168,397)	(167,098)
BNP Paribas	4,400,000	EUR	6 Month EUIBOR	Fixed 4.500%	Mar 2014	(66,113)	34,816	(31,297)
Citibank N.A.	6,600,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	100,207	(405,417)	(305,210)
Credit Suisse International	1,700,000	GBP	6 Month LIBOR	Fixed 5.000%	Jun 2009	(14,838)	(11,422)	(26,260)
Deutsche Bank AG	8,500,000	GBP	6 Month LIBOR	Fixed 6.000%	Dec 2008	6,859	(22,853)	(15,994)
Deutsche Bank AG	16,700,000	USD	3 Month LIBOR	Fixed 4.000%	Dec 2010	275,439	(113,357)	162,082
Deutsche Bank AG	4,100,000	AUD	6 Month BBSW	Fixed 7.000%	Mar 2013	26,212	57,097	83,309
Deutsche Bank AG	5,600,000	AUD	Fixed 6.500%	6 Month BBSW	Mar 2018	(38,951)	(2,151)	(41,102)
Deutsche Bank AG	3,700,000	GBP	Fixed 4.000%	6 month LIBOR	Dec 2036	995,531	(441,395)	554,136
Goldman Sachs	1,300,000	GBP	6 Month LIBOR	Fixed 5.250%	Mar 2014	(253)	18,559	18,306
Goldman Sachs	30,700,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2018	(1,010,543)	(164,165)	(1,174,708)
HSBC Bank	365,512	BRL	CDI	Fixed 14.765%	Jan 2012	4,667	(941)	3,726
HSBC Bank	4,400,000	GBP	6 Month LIBOR	Fixed 5.000%	Sep 2013	44,572	(89,121)	(44,549)
HSBC Bank	2,900,000	GBP	6 Month LIBOR	Fixed 5.1%	Sep 2013	(7,201)	(236)	(7,437)
HSBC Bank	3,200,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2036	480,107	(854)	479,253
Merrill Lynch Capital Services, Inc.	2,721,102	BRL	CDI	Fixed 12.948%	Jan 2010	2,958	(5,102)	(2,144)
Merrill Lynch Capital Services, Inc.	7,219,359	BRL	CDI	Fixed 11.430%	Jan 2010	-	(154,111)	(154,111)
Merrill Lynch Capital Services, Inc.	23,800,000	USD	3 Month LIBOR	Fixed 4.000%	Dec 2010	94,626	136,365	230,991
Merrill Lynch Capital Services, Inc.	6,391,007	BRL	CDI	Fixed 11.980%	Jan 2012	-	(243,066)	(243,066)
Merrill Lynch Capital Services, Inc.	1,200,968	BRL	CDI	Fixed 14.765%	Jan 2012	9,540	2,702	12,242
Merrill Lynch Capital Services, Inc.	800,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2035	-	20,594	20,594
Merrill Lynch Capital Services, Inc.	5,900,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	121,511	(394,350)	(272,839)
Morgan Stanley Capital Services, Inc.	4,180,489	BRL	CDI	Fixed 12.670%	Jan 2010	(5,469)	(29,761)	(35,230)
Morgan Stanley Capital Services, Inc.	6,660,802	BRL	CDI	Fixed 12.780%	Jan 2010	2,649	(24,592)	(21,943)
Morgan Stanley Capital Services, Inc.	25,000,000	USD	3 Month LIBOR	Fixed 4.000%	Jun 2010	(67,125)	222,243	155,118
Morgan Stanley Capital Services, Inc.	2,400,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2028	(24,000)	(67,204)	(91,204)
Morgan Stanley Capital Services, Inc.	6,600,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	135,036	(440,246)	(305,210)
Royal Bank of Canada	7,400,000	GBP	6 Month LIBOR	Fixed 6.000%	Mar 2009	28,265	(39,216)	(10,951)
The Royal Bank of Scotland PLC	34,000,000	USD	3 Month LIBOR	Fixed 4.000%	Jun 2010	(79,730)	290,690	210,960
The Royal Bank of Scotland PLC	22,600,000	USD	3 Month LIBOR	Fixed 4.000%	Dec 2010	137,025	82,319	219,344
The Royal Bank of Scotland PLC	1,900,000	EUR	FRCPXTOB	Fixed 1.955%	Mar 2012	-	(78,400)	(78,400)

The Royal Bank of Scotland PLC	3,000,000	EUR	FRCPXTOB	Fixed 1.950%	Mar 2012	-	(125,539)	(125,539)
The Royal Bank of Scotland PLC	3,000,000	GBP	6 Month LIBOR	Fixed 5.250%	Mar 2014	(2,338)	44,582	42,244
The Royal Bank of Scotland PLC	3,600,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2028	25,488	(162,294)	(136,806)
The Royal Bank of Scotland PLC	4,900,000	GBP	Fixed 4.000%	6 Month LIBOR	Dec 2036	703,071	30,771	733,842
The Royal Bank of Scotland PLC	3,900,000	USD	Fixed 5.000%	3 Month LIBOR	Dec 2038	88,168	(268,519)	(180,351)
UBS AG	4,198,194	BRL	CDI	Fixed 12.410%	Jan 2010	(6,816)	(28,884)	(35,700)
			3 Month BBR-
UBS AG	4,000,000	AUD	BBSW	Fixed 7.500%	Mar 2010	(11,159)	55,138	43,979
			3 Month BBR-
UBS AG	70,500,000	AUD	BBSW	Fixed 7.000%	Jun 2010	221,181	264,757	485,938
UBS AG	1,100,000	EUR	FRCPXTOB	Fixed 2.146%	Oct 2010	-	(5,054)	(5,054)
			6 Month BBR-
UBS AG	25,100,000	AUD	BBSW	Fixed 7.500%	Mar 2011	106,228	393,066	499,294
UBS AG	7,779,030	BRL	CDI	Fixed 10.575%	Jan 2012	(170,361)	(367,600)	(537,961)
UBS AG	7,101,378	BRL	CDI	Fixed 12.540%	Jan 2012	(5,546)	(187,560)	(193,106)
						$3,406,883	($5,033,978)	($1,627,095)

The Portfolios had the following credit default swap contracts open at September 30, 2008:

								Unamortized
								Upfront
								Payment	Unrealized
			Notional		Buy/Sell	(Pay)/Received	Termination	Made	Appreciation
Portfolio	Counterparty	Issuer	Amount	Currency	Protection †	Fixed Rate	Date	(Received)	(Depreciation)	Market Value
Global Bond
	Bank of America N.A.	Rio Tinto Alcan, Inc.	1,200,000	USD	Buy	(0.290)%	Mar 2011	-	($235)	($235)
	Bank of America N.A.	CNA Financial Corporation	4,000,000	USD	Buy	(0.940)%	Dec 2014	-	107,025	107,025
	Bank of America N.A.	Computer Sciences Corporation	3,000,000	USD	Buy	(0.970)%	Mar 2018	-	(76,437)	(76,437)
	Bank of America N.A.	GMAC LLC	900,000	USD	Sell	8.850 %	Mar 2009	-	(250,046)	(250,046)
	Bank of America N.A.	Federated Department Stores, Inc.	300,000	USD	Buy	(0.190)%	Sep 2009	-	3,947	3,947
	Bank of America N.A.	Consumers Energy Company	700,000	USD	Buy	(0.090)%	Mar 2012	-	35,823	35,823
	Bank of America N.A.	Ford Motor Credit Company LLC	1,500,000	USD	Sell	3.950 %	Dec 2012	-	(650,369)	(650,369)
	Bank of America N.A.	Marsh & McLennan Companies, Inc.	3,000,000	USD	Buy	(0.990)%	Sep 2015	-	(52,712)	(52,712)
	Bank of America N.A.	ProLogis	2,000,000	USD	Buy	(1.480)%	Dec 2015	-	353,927	353,927
	Bank of America N.A.	Autozone, Inc.	1,500,000	USD	Buy	(0.600)%	Jun 2017	-	46,945	46,945
	Bank of America N.A.	CDX.NA.IG.8	16,000,000	USD	Buy	(0.600)%	Jun 2017	$211,863	914,081	1,125,944
	Bank of America N.A.	Nordstrom, Inc.	3,000,000	USD	Buy	(1.120)%	Mar 2018	-	84,214	84,214
	Bank of America N.A.	Spectra Energy Capital, LLC	3,000,000	USD	Buy	(1.180)%	Jun 2018	-	40,013	40,013
	Bank of America N.A.	Starwood Hotels & Resorts Worldwide, Inc.	3,000,000	USD	Buy	(1.490)%	Jun 2018	-	260,268	260,268

Barclays Bank PLC	Deutsche Bank Aktiengesellschaft	2,500,000	USD	Buy	(0.760)%	Sep 2013	-	81,924	81,924
Barclays Bank PLC	Sealed Air Corporation	3,000,000	USD	Buy	(1.035)%	Sep 2013	-	88,552	88,552
Barclays Bank PLC	Citigroup Inc.	9,000,000	USD	Buy	(0.870)%	Jun 2018	-	1,059,670	1,059,670
Barclays Bank PLC	Morgan Stanley	4,300,000	USD	Buy	(1.800)%	Sep 2018	-	1,211,881	1,211,881
Barclays Bank PLC	SLM Corporation	100,000	USD	Sell	3.100 %	Dec 2008	-	(2,771)	(2,771)
Barclays Bank PLC	SLM Corporation	1,600,000	USD	Sell	4.000 %	Mar 2009	-	(90,707)	(90,707)
Barclays Bank PLC	General Electric Capital Corporation	500,000	USD	Sell	0.750 %	Jun 2010	-	(45,440)	(45,440)
Barclays Bank PLC	National Grid PLC	1,700,000	USD	Buy	(0.2075)%	Jun 2011	-	27,562	27,562
	iTRAXX Europe SUB Financials Series 8 Version
Barclays Bank PLC	1	12,500,000	EUR	Buy	(0.700)%	Dec 2012	13,417	819,157	832,574
Barclays Bank PLC	Kingdom of Spain	33,200,000	USD	Sell	0.260 %	Mar 2013	-	(163,653)	(163,653)
Barclays Bank PLC	CDX.NA.IG.10	3,900,000	USD	Buy	(1.550)%	Jun 2013	(31,512)	38,035	6,523
Barclays Bank PLC	The Goldman Sachs Group, Inc.	700,000	USD	Buy	(1.520)%	Jun 2013	-	71,380	71,380
Barclays Bank PLC	CDX.NA.IG.8	96,800,000	USD	Buy	(0.600)%	Jun 2017	3,133,604	3,806,825	6,940,429
Barclays Bank PLC	CDX.NA.IG.8	20,200,000	USD	Buy	(0.600)%	Jun 2017	239,647	1,181,857	1,421,504
Barclays Bank PLC	Citigroup Inc.	6,200,000	USD	Buy	(1.350)%	Sep 2018	-	538,848	538,848
Bear, Stearns International Ltd	Daimler Chrysler AG	300,000	USD	Buy	(0.520)%	Jun 2010	-	1,313	1,313
Bear, Stearns International Ltd	CNA Financial Corporation	900,000	USD	Buy	(0.440)%	Sep 2011	-	15,340	15,340
Bear, Stearns International Ltd	Diamond Offshore Drilling, Inc.	500,000	USD	Buy	(0.230)%	Jun 2012	-	7,728	7,728
Bear, Stearns International Ltd	Kraft Foods, Inc.	1,300,000	USD	Buy	(0.170)%	Jun 2012	-	24,209	24,209
Bear, Stearns International Ltd	NiSource Finance Corporation	400,000	USD	Buy	(0.620)%	Sep 2014	-	37,782	37,782
Bear, Stearns International Ltd	Morgan Stanley	1,000,000	USD	Buy	(0.285)%	Dec 2015	-	325,852	325,852
Bear, Stearns International Ltd	Goldman Sachs Group, Inc.	1,100,000	USD	Buy	(0.330)%	Mar 2016	-	209,512	209,512
Bear, Stearns International Ltd	Loews Corporation	400,000	USD	Buy	(0.330)%	Mar 2016	-	7,050	7,050
Bear, Stearns International Ltd	Ryder System, Inc.	1,100,000	USD	Buy	(0.460)%	Dec 2016	-	79,598	79,598
Bear, Stearns International Ltd	Sprint Nextel Corporation	1,400,000	USD	Buy	(1.125)%	Dec 2016	-	203,281	203,281
BNP Paribas Securities Corp.	JP Morgan Chase & Co.	2,700,000	USD	Buy	(0.737)%	Mar 2018	-	122,858	122,858
BNP Paribas Securities Corp.	The Bear Stearns Companies, Inc.	5,900,000	USD	Buy	(2.180)%	Mar 2018	-	(366,385)	(366,385)
BNP Paribas Securities Corp.	Lehman Brothers Holdings, Inc.	2,100,000	USD	Buy	(1.550)%	Jun 2018	-	1,765,379	1,765,379
Citibank N.A.	General Electric Capital Corporation	1,900,000	USD	Sell	0.950 %	Sep 2009	-	(89,391)	(89,391)
Citibank N.A.	The Goldman Sachs Group, Inc	1,200,000	USD	Buy	(3.550)%	Sep 2013	-	37,091	37,091
Citibank N.A.	The Goldman Sachs Group, Inc.	2,800,000	USD	Buy	(1.370)%	Jun 2018	-	414,624	414,624
Citibank N.A.	GMAC LLC	700,000	USD	Sell	8.650 %	Mar 2009	-	(195,356)	(195,356)
Citibank N.A.	SLM Corporation	1,800,000	USD	Sell	4.300 %	Mar 2009	-	(118,349)	(118,349)
Citibank N.A.	Sara Lee Corporation	800,000	USD	Buy	(0.330)%	Sep 2011	-

								2,637	2,637
Citibank N.A.	Autozone, Inc.	800,000	USD	Buy	(0.680)%	Dec 2012	-	5,999	5,999
Citibank N.A.	Pearson PLC	3,000,000	USD	Buy	(0.570)%	Jun 2013	-	21,781	21,781
Citibank N.A.	Sealed Air Corporation	1,200,000	USD	Buy	(0.590)%	Sep 2013	-	62,195	62,195
Citibank N.A.	Valero Energy Corporation	3,000,000	USD	Buy	(1.120)%	Jun 2017	-	116,191	116,191
Citibank N.A.	Darden Restaurants, Inc.	3,000,000	USD	Buy	(1.450)%	Dec 2017	-	136,719	136,719
Credit Suisse International	GAZPROM	2,200,000	USD	Sell	1.330 %	Dec 2008	-	(2,212)	(2,212)
Credit Suisse International	Russian Federation	2,000,000	USD	Sell	0.450 %	Jan 2009	-	(8,740)	(8,740)
Credit Suisse International	Johnson Controls, Inc.	900,000	USD	Buy	(0.240)%	Mar 2011	-	19,659	19,659
Deutsche Bank AG	Deutsche Bank Aktiengesellschaft	4,300,000	USD	Sell	0.550 %	Dec 2008	-	(9,044)	(9,044)
Deutsche Bank AG	CDX.NA.IG.10	4,000,000	USD	Sell	1.550 %	Jun 2013	(55,575)	48,885	(6,690)
Deutsche Bank AG	CDX.NA.IG.10	25,900,000	USD	Buy	(1.550)%	Jun 2013	(191,735)	235,055	43,320
Deutsche Bank AG	Barclays Bank PLC	3,900,000	EUR	Buy	(4.350)%	Sep 2013	-	(18,666)	(18,666)
Deutsche Bank AG	Bellsouth Corporation	1,000,000	USD	Buy	(0.395)%	Sep 2014	-	1,071	1,071
Deutsche Bank AG	CDX.NA.IG.9	8,400,000	USD	Buy	(0.800)%	Dec 2017	298,642	141,700	440,342
Deutsche Bank AG	ABX.HE.AAA.06-2	1,000,000	USD	Sell	0.110 %	May 2046	(375,169)	67,779	(307,390)
Deutsche Bank AG	VTB CAPITAL SA	2,200,000	USD	Sell	1.070 %	Dec 2008	-	(18,571)	(18,571)
Deutsche Bank AG	GMAC LLC	1,500,000	USD	Sell	9.500 %	Mar 2009	-	(413,824)	(413,824)
Deutsche Bank AG	SLM Corporation	3,100,000	USD	Sell	3.050 %	Mar 2009	-	(197,049)	(197,049)
Deutsche Bank AG	ACE Limited	500,000	USD	Buy	(0.390)%	Jun 2014	-	8,273	8,273
Deutsche Bank AG	Tate & Lyle Public Limited Company	400,000	USD	Buy	(0.510)%	Dec 2014	-	35,321	35,321
Deutsche Bank AG	Marsh & McLennan Companies, Inc.	2,000,000	USD	Buy	(0.800)%	Sep 2015	-	(16,498)	(16,498)
Deutsche Bank AG	Nabors Industries, Inc.	3,000,000	USD	Buy	(0.630)%	Mar 2018	-	139,685	139,685
Deutsche Bank AG	iTRAXX Europe Series 9 Version 1	24,900,000	EUR	Buy	(1.750)%	Jun 2018	(2,335,108)	803,811	(1,531,297)
Deutsche Bank AG	Spectra Energy Capital, LLC	1,000,000	USD	Buy	(1.200)%	Jun 2018	-	11,922	11,922
Goldman Sachs International	CDX.NA.IG.10	12,100,000	USD	Buy	(1.550)%	Jun 2013	(94,924)	115,162	20,238
Goldman Sachs International	Berkshire Hathaway Fin.	1,500,000	USD	Sell	0.980 %	Sep 2013	-	(28,218)	(28,218)
Goldman Sachs International	Morgan Stanley	1,000,000	USD	Buy	(4.750)%	Sep 2013	-	150,751	150,751
Goldman Sachs International	CDX.NA.IG.10	16,100,000	USD	Buy	(1.500)%	Jun 2018	(525,335)	496,882	(28,453)
HSBC BANK USA, N.A.	JSC “Gazprom”	3,400,000	USD	Sell	1.030 %	Dec 2008	-	(3,945)	(3,945)
HSBC BANK USA, N.A.	GAZPROM	1,000,000	USD	Sell	1.500 %	Jan 2009	-	(3,067)	(3,067)
JPMorgan Chase Bank	Glitnir Banki HF	900,000	USD	Buy	(0.340)%	Mar 2011	-	249,422	249,422
JPMorgan Chase Bank	Federative Republic of Brazil	4,300,000	USD	Sell	1.345 %	Aug 2011	-	2,920	2,920
JPMorgan Chase Bank	CNA Financial Corporation	700,000	USD	Buy	(0.440)%	Sep 2011	-	11,931	11,931

JPMorgan Chase Bank	Health Care Property Investors, Inc.	300,000	USD	Buy	(0.610)%	Sep 2011	-	23,354	23,354
Merrill Lynch International	Xerox Corporation	1,300,000	USD	Buy	(0.130)%	Jan 2009	-	3,866	3,866
Merrill Lynch International	Boston Scientific Corporation	1,000,000	USD	Buy	(0.510)%	Jun 2011	-	29,947	29,947
Merrill Lynch International	Federative Republic of Brazil	6,300,000	USD	Sell	1.340 %	Aug 2011	-	3,385	3,385
Merrill Lynch International	International Lease Finance Corporation	1,100,000	USD	Buy	(0.130)%	Mar 2012	-	264,856	264,856
Merrill Lynch International	Meadwestvaco Corporation	1,500,000	USD	Buy	(0.580)%	Jun 2012	-	48,352	48,352
Merrill Lynch International	Exelon Corporation	1,000,000	USD	Buy	(0.520)%	Jun 2015	-	115,512	115,512
Morgan Stanley Capital Services Inc.	GAZPROM	1,200,000	USD	Sell	1.320 %	Dec 2008	-	(1,268)	(1,268)
Morgan Stanley Capital Services Inc.	GAZPROM	1,000,000	USD	Sell	1.330 %	Dec 2008	-	(1,005)	(1,005)
Morgan Stanley Capital Services Inc.	Russia	2,000,000	USD	Sell	0.460 %	Jan 2009	-	(8,626)	(8,626)
Morgan Stanley Capital Services Inc.	JSC “Gazprom”	900,000	USD	Sell	1.710 %	Apr 2009	-	(1,700)	(1,700)
Morgan Stanley Capital Services Inc.	Republic of Turkey	100,000	USD	Buy	(2.700)%	Sep 2010	-	(3,215)	(3,215)
Morgan Stanley Capital Services Inc.	Viacom, Inc.	300,000	USD	Buy	(0.640)%	Jun 2011	-	4,644	4,644
Morgan Stanley Capital Services Inc.	Federative Republic of Brazil	6,600,000	USD	Sell	1.380 %	Aug 2011	-	11,026	11,026
Morgan Stanley Capital Services Inc.	Alcoa, Inc.	3,000,000	USD	Buy	(0.850)%	Mar 2012	-	42,112	42,112
Morgan Stanley Capital Services Inc.	Lockheed Martin Corporation	1,100,000	USD	Buy	(0.089)%	Jun 2012	-	5,764	5,764
Morgan Stanley Capital Services Inc.	Progress Energy, Inc.	1,000,000	USD	Buy	(0.105)%	Jun 2012	-	9,986	9,986
Morgan Stanley Capital Services Inc.	Masco Corporation	300,000	USD	Buy	(0.580)%	Sep 2012	-	21,222	21,222
Morgan Stanley Capital Services Inc.	CDX.NA.IG.10	4,900,000	USD	Buy	(1.550)%	Jun 2013	(29,301)	37,497	8,196
Morgan Stanley Capital Services Inc.	Simon Property Group, L.P.	3,000,000	USD	Buy	(0.885)%	Jun 2018	-	136,821	136,821
Morgan Stanley Capital Services Inc.	Spectra Energy Capital, LLC	1,000,000	USD	Buy	(1.150)%	Jun 2018	-	15,624	15,624
RBC Dominion	Daimler Chrysler AG	1,000,000	USD	Buy	(0.350)%	Jun 2009	-	1,159	1,159
RBC Dominion	JP Morgan Chase & Co	900,000	USD	Buy	(0.310)%	Mar 2016	-	85,424	85,424
The Royal Bank of Scotland PLC	Landsbanki Islands HF.	1,000,000	USD	Buy	(0.330)%	Sep 2009	-	127,081	127,081
The Royal Bank of Scotland PLC	Canadian Natural Resources Limited	1,100,000	USD	Buy	(0.191)%	Sep 2011	-	33,258	33,258
The Royal Bank of Scotland PLC	CVS Corporation	300,000	USD	Buy	(0.240)%	Sep 2011	-	1,237	1,237
The Royal Bank of Scotland PLC	Daimler Chrysler AG	400,000	USD	Buy	(0.620)%	Sep 2011	-	4,149	4,149
The Royal Bank of Scotland PLC	Kaupthing Banki HF.	1,000,000	USD	Buy	(0.490)%	Dec 2011	-	287,438	287,438
The Royal Bank of Scotland PLC	GATX Corporation	3,000,000	USD	Buy	(0.605)%	Mar 2012	-	95,798	95,798
The Royal Bank of Scotland PLC	Glitnir Banki HF.	1,100,000	USD	Buy	(0.290)%	Mar 2012	-	351,268	351,268
The Royal Bank of Scotland PLC	Autozone, Inc.	3,000,000	USD	Buy	(0.920)%	Jun 2013	-	(6,878)	(6,878)
The Royal Bank of Scotland PLC	Morgan Stanley	1,200,000	USD	Buy	(1.850)%	Jun 2013	-	271,026	271,026
The Royal Bank of Scotland PLC	Radioshack Corporation	4,000,000	USD	Buy	(1.430)%	Jun 2013	-	49,587	49,587

	The Royal Bank of Scotland PLC	Morgan Stanley	1,100,000	USD	Buy	(0.295)%	Dec 2015	-	358,030	358,030
	The Royal Bank of Scotland PLC	The Cleveland Electric Illuminating Company	3,000,000	USD	Buy	(0.940)%	Jun 2017	-	(9,738)	(9,738)
	The Royal Bank of Scotland PLC	American General Finance Corporation	3,000,000	USD	Buy	(1.820)%	Dec 2017	-	1,264,680	1,264,680
	The Royal Bank of Scotland PLC	The Bear Stearns Companies, Inc.	900,000	USD	Buy	(2.223)%	Mar 2018	-	(58,773)	(58,773)
	UBS AG	Boston Scientific Corporation	1,600,000	USD	Buy	(2.060)%	Jun 2016	-	(34,739)	(34,739)
	UBS AG	JP Morgan Chase & Co.	1,800,000	USD	Buy	(0.730)%	Mar 2018	-	82,845	82,845
	UBS AG	Amgen, Inc.	6,000,000	USD	Buy	(1.000)%	Jun 2018	-	(135,491)	(135,491)
	Wachovia Capital Market, Inc.	Global Santa Fe Corporation	700,000	USD	Buy	(0.520)%	Jun 2012	-	(4,142)	(4,142)
								$258,514	$17,608,990	$17,867,504
Investment Quality Bond
	Goldman Sachs	Macy's, Inc.	1,750,000	USD	Buy	(2.700)%	Sep 2013	-	($34,069)	($34,069)
								-	($34,069)	($34,069)
Real Return Bond
	Bank of America N.A.	Ace Limited	1,200,000	USD	Buy	(0.500)%	May 2008	-	$26,016	$26,016
	Bank of America N.A.	CDX.NA.HY.8	2,970,000	USD	Buy	(2.750)%	Jun 2012	$55,402	239,795	295,197
	Bank of America N.A.	CDX.NA.IG.8	2,700,000	USD	Buy	(0.350)%	Jun 2012	29,164	113,911	143,075
	Bank of America N.A.	CDX.NA.XO.8	100,000	USD	Buy	(1.400)%	Jun 2012	3,184	9,164	12,348
	Bank of America N.A.	Xstrata Canada Corporation	1,300,000	USD	Buy	(0.910)%	Jun 2012	-	3,499	3,499
	Bank of America N.A.	GMAC LLC	700,000	USD	Sell	7.000 %	Sep 2012	-	(340,097)	(340,097)
	Bank of America N.A.	UST, Inc.	1,900,000	USD	Buy	(0.340)%	Sep 2012	-	1,635	1,635
	Bank of America N.A.	Autozone, Inc.	3,600,000	USD	Buy	(0.620)%	Dec 2012	-	35,368	35,368
	Bank of America N.A.	Masco Corporation	3,300,000	USD	Buy	(0.870)%	Dec 2012	-	213,498	213,498
	Bank of America N.A.	Merrill Lynch & Co., Inc.	1,300,000	USD	Buy	(0.950)%	Dec 2012	-	149,310	149,310
	Bank of America N.A.	Liberty Mutual Group, Inc.	900,000	USD	Buy	(1.390)%	Mar 2014	-	37,061	37,061
	Bank of America N.A.	Spectra Energy Capital, LLC.	1,300,000	USD	Buy	(0.830)%	Sep 2014	-	28,956	28,956
	Bank of America N.A.	Xstrata Canada Corporation	3,900,000	USD	Buy	(1.100)%	Jun 2015	-	15,271	15,271
	Bank of America N.A.	Marsh & McLennan Companies, Inc.	1,000,000	USD	Buy	(0.830)%	Sep 2015	-	(8,000)	(8,000)
	Bank of America N.A.	Marriott International, Inc.	5,000,000	USD	Buy	(1.730)%	Jun 2017	-	265,714	265,714
	Bank of America N.A.	Nordstrom, Inc.	1,000,000	USD	Buy	(0.990)%	Mar 2018	-	40,106	40,106
	Bank of America N.A.	YUM! Brands, Inc	3,000,000	USD	Buy	(1.245)%	Mar 2018	-	6,994	6,994
	Bank of America N.A.	Baxter International, Inc.	1,100,000	USD	Buy	(0.310)%	Jun 2018	-	3,158	3,158
	Bank of America N.A.	Starwood Hotels & Resorts Worldwide, Inc.	1,000,000	USD	Buy	(1.490)%	Jun 2018	-	90,563	90,563
	Barclays Bank PLC	Republic of Panama	2,600,000	USD	Sell	0.300 %	Dec 2008	-	(1,201)	(1,201)

Barclays Bank PLC	Republic of Peru	1,300,000	USD	Sell	0.350 %	Dec 2008	-	1,156	1,156
Barclays Bank PLC	Russian Federation	1,300,000	USD	Sell	0.330 %	Dec 2008	-	(4,449)	(4,449)
Barclays Bank PLC	Ukraine	1,300,000	USD	Sell	0.780 %	Dec 2008	-	(9,966)	(9,966)
Barclays Bank PLC	CDX.NA.HY.8	4,455,000	USD	Buy	(2.750)%	Jun 2012	149,610	325,175	474,785
Barclays Bank PLC	Ford Motor Credit Company LLC	500,000	USD	Sell	3.800 %	Sep 2012	-	(214,944)	(214,944)
Barclays Bank PLC	GMAC LLC	200,000	USD	Sell	3.050 %	Sep 2012	-	(106,662)	(106,662)
Barclays Bank PLC	General Electric Capital Corporation	800,000	USD	Sell	1.010 %	Mar 2013	-	(129,871)	(129,871)
Barclays Bank PLC	CDX.NA.IG.10	6,900,000	USD	Buy	(1.550)%	Jun 2013	(38,820)	77,686	38,866
Barclays Bank PLC	Rexam PLC	1,000,000	USD	Buy	(1.450)%	Jun 2013	-	14,153	14,153
Barclays Bank PLC	Alcoa, Inc.	2,000,000	USD	Buy	(1.200)%	Sep 2013	-	24,972	24,972
Barclays Bank PLC	Everest Reinsurance Holdings, Inc.	1,000,000	USD	Buy	(0.535)%	Dec 2014	-	28,343	28,343
Barclays Bank PLC	The Black & Decker Corporation	1,000,000	USD	Buy	(1.180)%	Dec 2014	-	1,878	1,878
Barclays Bank PLC	CDX.NA.IG.9	2,200,000	USD	Buy	(6.550)%	Dec 2017	-	490,753	490,753
Barclays Bank PLC	CDX.NA.IG.9	4,800,000	USD	Buy	(0.800)%	Dec 2017	63,063	198,361	261,424
Barclays Bank PLC	Genworth Financial, Inc.	700,000	USD	Buy	(0.960)%	Jun 2018	-	234,993	234,993
Barclays Bank PLC	Genworth Financial, Inc.	1,000,000	USD	Buy	(0.830)%	Jun 2018	-	341,651	341,651
Bear Stearns	CDX.NA.HY.8	6,930,000	USD	Buy	(2.750)%	Jun 2012	180,594	557,960	738,554
Bear Stearns	CDX.NA.HY.9	1,782,000	USD	Buy	(3.750)%	Dec 2012	26,588	169,375	195,963
BNP Paribas	General Electric Capital Corporation	400,000	USD	Sell	1.100 %	Dec 2009	-	(25,849)	(25,849)
BNP Paribas	Lehman Brothers Holdings, Inc.	300,000	USD	Sell	1.120 %	Sep 2012	-	(251,661)	(251,661)
BNP Paribas	Federal National Mortgage Association	1,000,000	USD	Sell	1.4014%	Mar 2013	-	(34,572)	(34,572)
BNP Paribas	International Lease Finance Corporation	800,000	USD	Buy	(1.600)%	Dec 2013	-	175,030	175,030
BNP Paribas	The Bear Stearns Companies, Inc.	3,000,000	USD	Buy	(0.810)%	Dec 2017	-	123,738	123,738
BNP Paribas	The Bear Stearns Companies, Inc.	1,000,000	USD	Buy	(2.180)%	Mar 2018	-	(56,656)	(56,656)
Citibank N.A	The Bear Stearns Companies, Inc.	1,400,000	USD	Sell	0.720 %	Sep 2012	-	(31,644)	(31,644)
Citibank N.A	Omnicom Group, Inc.	1,250,000	USD	Buy	(0.940)%	Jun 2016	-	(18,474)	(18,474)
Citibank N.A	Masco Corporation	1,200,000	USD	Buy	(1.910)%	Dec 2016	-	44,810	44,810
Citibank N.A	Wachovia Bank N.A.	2,000,000	USD	Buy	(2.325)%	Jun 2017	-	91,067	91,067
Citibank N.A	Goldman Sachs Group, Inc.	2,000,000	USD	Buy	(1.130)%	Mar 2018	-	368,682	368,682
Citibank N.A	Merrill Lynch & Co., Inc.	600,000	USD	Buy	(1.380)%	Jun 2018	-	86,120	86,120
Credit Suisse International	JSC “Gazprom”	1,000,000	USD	Sell	1.000 %	Nov 2008	-	286	286
Credit Suisse International	Chesapeake Energy Corporation	150,000	USD	Sell	2.100 %	Sep 2013	-	(7,937)	(7,937)
Credit Suisse International	Chesapeake Energy Corporation	450,000	USD	Sell	2.100 %	Sep 2013	-	(25,659)	(25,659)

Credit Suisse International	The Bear Stearns Companies, Inc.	1,200,000	USD	Buy	(0.760)%	Dec 2017	-	53,737	53,737
Deutsche Bank AG	Republic of Indonesia	2,700,000	USD	Sell	0.510 %	Dec 2008	-	4,098	4,098
Deutsche Bank AG	Russian Federation	1,300,000	USD	Sell	0.325 %	Dec 2008	-	(4,482)	(4,482)
Deutsche Bank AG	Ukraine	1,300,000	USD	Sell	0.790 %	Dec 2008	-	(9,900)	(9,900)
Deutsche Bank AG	Masco Corporation	1,500,000	USD	Buy	(0.840)%	Dec 2012	-	98,739	98,739
Deutsche Bank AG	CDX.NA.IG.10	48,100,000	USD	Buy	(1.550)%	Jun 2013	(388,729)	665,935	277,206
Deutsche Bank AG	Marsh & McLennan Companies, Inc.	2,000,000	USD	Buy	(0.600)%	Sep 2015	-	11,517	11,517
Deutsche Bank AG	Home Depot, Inc.	1,250,000	USD	Buy	(1.565)%	Mar 2016	-	3,504	3,504
Deutsche Bank AG	Cardinal Health, Inc.	1,500,000	USD	Buy	(0.590)%	Jun 2017	-	12,542	12,542
Deutsche Bank AG	Home Depot, Inc.	1,000,000	USD	Buy	(2.100)%	Sep 2017	-	16,724	16,724
Deutsche Bank AG	The Bear Stearns Companies, Inc.	1,000,000	USD	Buy	(0.870)%	Mar 2018	-	37,705	37,705
Deutsche Bank AG	Genworth Financial, Inc.	100,000	USD	Buy	(0.980)%	Jun 2018	-	33,479	33,479
Deutsche Bank AG	Spectra Energy Capital, LLC.	1,000,000	USD	Buy	(0.670)%	Jun 2018	-	29,136	29,136
Deutsche Bank AG	Alcoa, Inc.	2,000,000	USD	Buy	(1.270)%	Sep 2018	-	60,833	60,833
Goldman Sachs	GMAC LLC	1,200,000	USD	Sell	3.050 %	Sep 2012	-	(639,974)	(639,974)
Goldman Sachs	Nordstrom, Inc.	1,900,000	USD	Buy	(0.270)%	Sep 2012	-	71,763	71,763
Goldman Sachs	Nordstrom, Inc.	7,300,000	USD	Buy	(0.260)%	Sep 2012	-	278,369	278,369
Goldman Sachs	Autozone, Inc.	1,800,000	USD	Buy	(0.380)%	Dec 2012	-	34,387	34,387
Goldman Sachs	Kohl's Corporation	1,800,000	USD	Buy	(0.590)%	Dec 2012	-	38,317	38,317
Goldman Sachs	Nordstrom, Inc.	1,800,000	USD	Buy	(0.360)%	Dec 2012	-	69,169	69,169
Goldman Sachs	The Bear Stearns Companies, Inc.	800,000	USD	Buy	(1.780)%	Dec 2012	-	(12,824)	(12,824)
Goldman Sachs	The TJX Companies, Inc.	1,800,000	USD	Buy	(0.380)%	Dec 2012	-	9,407	9,407
Goldman Sachs	CDX.NA.IG.10	61,300,000	USD	Buy	(1.550)%	Jun 2013	479,157	(624,722)	(145,565)
Goldman Sachs	Bank of America N.A.	1,000,000	USD	Buy	(2.910)%	Mar 2018	-	28,299	28,299
Goldman Sachs	Telecom Italia Spa	800,000	USD	Buy	(1.550)%	Jun 2018	-	51,903	51,903
Goldman Sachs	The Travelers Companies, Inc.	1,200,000	USD	Buy	(0.590)%	Jun 2018	-	39,521	39,521
Goldman Sachs	Alcoa, Inc.	2,000,000	USD	Buy	(1.320)%	Sep 2018	-	53,639	53,639
JP Morgan Chase Bank	Qwest Capital Funding, Inc.	1,000,000	USD	Buy	(3.250)%	Sep 2009	-	3,139	3,139
Merrill Lynch Capital Services, Inc.	CDX.NA.HY.8	3,564,000	USD	Buy	(2.750)%	Jun 2012	75,580	304,248	379,828
Merrill Lynch Capital Services, Inc.	CDX.NA.HY.9	800,000	USD	Sell	6.510 %	Dec 2012	-	12,772	12,772
Merrill Lynch Capital Services, Inc.	CDX.NA.HY.9	600,000	USD	Sell	6.690 %	Dec 2012	-	13,546	13,546
Merrill Lynch Capital Services, Inc.	CDX.NA.IG.9	26,900,000	USD	Buy	(0.600)%	Dec 2012	(62,765)	1,229,754	1,166,989
Merrill Lynch Capital Services, Inc.	CDX.NA.IG.10	7,700,000	USD	Buy	(1.550)%	Jun 2013	(32,885)	75,602	42,717

Morgan Stanley Capital Services, Inc.	Target Corporation	1,000,000	USD	Buy	(1.200)%	Mar 2008	-	(34,067)	(34,067)
Morgan Stanley Capital Services, Inc.	CDX.NA.HY.8	1,999,800	USD	Buy	(2.750)%	Jun 2012	66,524	132,242	198,766
Morgan Stanley Capital Services, Inc.	GMAC LLC	600,000	USD	Sell	6.850 %	Jun 2012	-	(292,554)	(292,554)
Morgan Stanley Capital Services, Inc.	Ford Motor Credit Company LLC	900,000	USD	Sell	3.800 %	Sep 2012	-	(386,899)	(386,899)
Morgan Stanley Capital Services, Inc.	The Goldman Sachs Group, Inc.	200,000	USD	Sell	0.750 %	Sep 2012	-	(23,626)	(23,626)
Morgan Stanley Capital Services, Inc.	Staples, Inc.	1,100,000	USD	Buy	(0.530)%	Dec 2012	-	35,184	35,184
Morgan Stanley Capital Services, Inc.	The Black & Decker Corporation	1,100,000	USD	Buy	(0.490)%	Dec 2012	-	25,715	25,715
Morgan Stanley Capital Services, Inc.	The Sherwin-Williams Company	1,100,000	USD	Buy	(0.290)%	Dec 2012	-	18,329	18,329
Morgan Stanley Capital Services, Inc.	V.F. Corporation	1,100,000	USD	Buy	(0.250)%	Dec 2012	-	20,674	20,674
Morgan Stanley Capital Services, Inc.	Whirlpool Corporation	1,100,000	USD	Buy	(0.490)%	Dec 2012	-	22,769	22,769
Morgan Stanley Capital Services, Inc.	CDX.NA.IG.10	19,900,000	USD	Buy	(1.550)%	Jun 2013	(104,324)	137,609	33,285
Morgan Stanley Capital Services, Inc.	Pearson PLC	2,500,000	USD	Buy	(0.750)%	Jun 2014	-	9,262	9,262
Morgan Stanley Capital Services, Inc.	American Electric Power Company, Inc.	600,000	USD	Buy	(0.470)%	Jun 2015	-	5,284	5,284
Morgan Stanley Capital Services, Inc.	CDX.NA.IG.9	6,200,000	USD	Buy	(0.800)%	Dec 2017	114,685	222,988	337,673
Morgan Stanley Capital Services, Inc.	Prologis	1,300,000	USD	Buy	(1.320)%	Jun 2018	-	282,484	282,484
Morgan Stanley Capital Services, Inc.	Simon Property Group, L.P.	2,500,000	USD	Buy	(0.885)%	Jun 2018	-	119,670	119,670
Morgan Stanley Capital Services, Inc.	CMBX.NA.AAA.3	2,400,000	USD	Sell	0.080 %	Dec 2049	(401,165)	158,350	(242,815)
The Royal Bank of Scotland PLC	General Electric Capital Corporation	400,000	USD	Sell	1.100 %	Sep 2009	-	(22,643)	(22,643)
The Royal Bank of Scotland PLC	Firstenergy Corp.	1,000,000	USD	Buy	(0.500)%	Dec 2011	-	4,109	4,109
The Royal Bank of Scotland PLC	Lehman Brothers Holdings, Inc.	700,000	USD	Sell	0.660 %	Sep 2012	-	(588,972)	(588,972)
The Royal Bank of Scotland PLC	Simon Property Group, L.P.	600,000	USD	Buy	(1.010)%	Dec 2015	-	20,225	20,225
The Royal Bank of Scotland PLC	Macy's, Inc	1,000,000	USD	Buy	(2.111)%	Dec 2016	-	15,110	15,110
UBS AG	CDX.NA.HY.8	6,930,000	USD	Buy	(2.750)%	Jun 2012	240,559	448,234	688,793
UBS AG	GMAC LLC	1,100,000	USD	Buy	(4.850)%	Sep 2012	-	563,150	563,150
UBS AG	Merrill Lynch & Co., Inc.	700,000	USD	Buy	(0.920)%	Dec 2012	-	81,108	81,108
UBS AG	Dominion Resources, Inc.	1,000,000	USD	Buy	(0.590)%	Mar 2014	-	523	523
							$455,422	$6,392,706	$6,848,128
Spectrum Income
JPMorgan Chase Bank	Compagnie De St. Gobain	60,000	EUR	Buy	(0.240)%	Jun 2012	-	($5,621)	($5,621)
JPMorgan Chase Bank	Holcim, Ltd.	60,000	EUR	Buy	(0.240)%	Jun 2012	-	5,708	5,708
JPMorgan Chase Bank	Kelda Group PLC	50,000	EUR	Buy	(0.240)%	Jun 2012	-	2,180	2,180
JPMorgan Chase Bank	HALYK Bank	130,000	USD	Sell	2.750 %	Dec 2012	-	(33,238)	(33,238)
JPMorgan Chase Bank	Republic of Ukraine	250,000	USD	Sell	2.410 %	Dec 2012	-	(37,082)	(37,082)

	JPMorgan Chase Bank	Rentokil Initial PLC	50,000	EUR	Buy	(2.581)%	Mar 2013	-	2,023	2,023
	JPMorgan Chase Bank	United Utilities	100,000	EUR	Buy	(0.950)%	Mar 2013	-	(418)	(418)
	JPMorgan Chase Bank	Electrolux AB	75,000	EUR	Buy	(1.180)%	Jun 2013	-	435	435
								-	($66,013)	($66,013)
Total Return
	Bank of America N.A.	General Motors Corporation	800,000	USD	Sell	4.500 %	Dec 2012	-	($429,710)	($429,710)
	Barclays Bank PLC	SLM Corporation	300,000	USD	Sell	5.100 %	Jun 2009	-	(28,188)	(28,188)
	Barclays Bank PLC	General Electric Capital Corporation	1,600,000	USD	Sell	0.770 %	Jun 2010	-	(145,224)	(145,224)
	Barclays Bank PLC	General Electric Capital Corporation	1,800,000	USD	Sell	1.020 %	Sep 2010	-	(172,492)	(172,492)
	Barclays Bank PLC	General Electric Capital Corporation	300,000	USD	Sell	0.935 %	Dec 2010	-	(31,817)	(31,817)
	Barclays Bank PLC	United Mexican States	1,000,000	USD	Sell	0.390 %	Jan 2012	-	(24,413)	(24,413)
	Barclays Bank PLC	Ford Motor Credit Company LLC	2,500,000	USD	Sell	4.150 %	Sep 2012	-	(1,062,553)	(1,062,553)
	Barclays Bank PLC	Ford Motor Credit Company LLC	500,000	USD	Sell	5.800 %	Sep 2012	-	(198,301)	(198,301)
	Barclays Bank PLC	GMAC LLC	2,500,000	USD	Sell	3.650 %	Sep 2012	-	(1,318,046)	(1,318,046)
	Barclays Bank PLC	GMAC LLC	1,900,000	USD	Sell	4.800 %	Sep 2012	-	(976,130)	(976,130)
	Barclays Bank PLC	American International Group, Inc.	700,000	USD	Sell	1.670 %	Mar 2013	-	(241,851)	(241,851)
	Barclays Bank PLC	Federal Home Loan Mortgage Corporation	4,500,000	USD	Sell	0.720 %	Mar 2013	-	(112,500)	(112,500)
	Barclays Bank PLC	CDX.EM.9	2,800,000	USD	Sell	2.650 %	Jun 2013	($3,191)	(71,904)	(75,095)
	Barclays Bank PLC	CDX.NA.IG.10	4,400,000	USD	Buy	(1.550)%	Jun 2013	(22,630)	49,100	26,470
	BNP Paribas	General Electric Capital Corporation	1,200,000	USD	Sell	0.940 %	Dec 2010	-	(127,156)	(127,156)
	BNP Paribas	General Motors Corporation	100,000	USD	Sell	4.800 %	Dec 2012	-	(53,219)	(53,219)
	Citibank N.A.	General Electric Capital Corporation	900,000	USD	Sell	0.750 %	Mar 2009	-	(27,087)	(27,087)
	Citibank N.A.	Lehman Brothers Holdings, Inc.	400,000	USD	Sell	8.250 %	Sep 2009	-	(338,000)	(338,000)
	Citibank N.A.	General Electric Capital Corporation	200,000	USD	Sell	1.100 %	Mar 2010	-	(15,355)	(15,355)
	Citibank N.A.	General Electric Capital Corporation	100,000	USD	Sell	1.150 %	Mar 2010	-	(7,612)	(7,612)
	Citibank N.A.	General Electric Capital Corporation	500,000	USD	Sell	1.120 %	Dec 2010	-	(51,304)	(51,304)
	Citibank N.A.	CDX.NA.HY.8	8,446,059	USD	Sell	0.355 %	Jun 2012	-	(325,014)	(325,014)
	Citibank N.A.	CDX.NA.HY.8	4,968,270	USD	Sell	0.360 %	Jun 2012	-	(190,417)	(190,417)
	Citibank N.A.	CDX.NA.HY.8	2,086,673	USD	Sell	0.401 %	Jun 2012	-	(77,331)	(77,331)
	Citibank N.A.	CDX.NA.HY.8	900,000	USD	Sell	2.144 %	Jun 2012	-	(71,644)	(71,644)
	Citibank N.A.	CDX.NA.HY.8	500,000	USD	Sell	2.179 %	Jun 2012	-	(39,216)	(39,216)
	Citibank N.A.	GMAC LLC	1,000,000	USD	Sell	3.720 %	Sep 2012	-	(526,399)	(526,399)
	Credit Suisse International	GAZPROM	1,000,000	USD	Sell	1.000 %	Nov 2008

							-	(3,437)	(3,437)
Deutsche Bank AG	General Electric Capital Corporation	200,000	USD	Sell	1.100 %	Mar 2009	-	(5,700)	(5,700)
Deutsche Bank AG	General Electric Capital Corporation	1,900,000	USD	Sell	1.070 %	Sep 2010	-	(180,472)	(180,472)
Deutsche Bank AG	General Electric Capital Corporation	500,000	USD	Sell	0.950 %	Dec 2010	-	(52,889)	(52,889)
Deutsche Bank AG	General Electric Capital Corporation	700,000	USD	Sell	1.500 %	Sep 2011	-	(82,077)	(82,077)
Deutsche Bank AG	Ford Motor Credit Company LLC	1,100,000	USD	Sell	5.650 %	Sep 2012	-	(439,105)	(439,105)
Deutsche Bank AG	GMAC LLC	1,400,000	USD	Sell	4.000 %	Sep 2012	-	(732,368)	(732,368)
Deutsche Bank AG	CDX.NA.IG.9	12,600,000	USD	Sell	0.705 %	Dec 2012	-	142,106	142,106
Deutsche Bank AG	General Motors Corporation	500,000	USD	Sell	4.600 %	Dec 2012	-	(267,744)	(267,744)
Deutsche Bank AG	Berkshire Hathaway Finance Corp.	2,000,000	USD	Sell	0.850 %	Mar 2013	-	(42,635)	(42,635)
Deutsche Bank AG	General Motors Corporation	6,000,000	USD	Sell	7.700 %	Mar 2013	-	(2,907,100)	(2,907,100)
Deutsche Bank AG	CDX.NA.IG.10	2,500,000	USD	Sell	0.530 %	Jun 2013	-	10,781	10,781
Deutsche Bank AG	CDX.NA.HY.10	1,400,000	USD	Buy	(5.000)%	Jun 2013	95,113	42,764	137,877
Deutsche Bank AG	CDX.NA.IG.10	38,300,000	USD	Buy	(1.550)%	Jun 2013	(141,422)	371,835	230,413
Deutsche Bank AG	CDX.NA.IG.10	17,500,000	USD	Sell	1.550 %	Jun 2013	(243,140)	137,860	(105,280)
Goldman Sachs	General Electric Capital Corporation	500,000	USD	Sell	0.830 %	Dec 2009	-	(35,093)	(35,093)
Goldman Sachs	General Electric Capital Corporation	700,000	USD	Sell	0.900 %	Dec 2010	-	(74,697)	(74,697)
Goldman Sachs	CDX.IG.10 5Y	3,100,000	USD	Sell	0.463 %	Jun 2013	-	4,211	4,211
Goldman Sachs	CDX.NA.IG.10	46,300,000	USD	Buy	(1.550)%	Jun 2013	(567,149)	845,690	278,541
Goldman Sachs	CDX.NA.IG.9	1,000,000	USD	Sell	0.548 %	Dec 2017	-	579	579
Goldman Sachs	CDX.NA.IG.9	1,900,000	USD	Sell	0.555 %	Dec 2017	-	2,200	2,200
HSBC Bank	GAZPROM	1,900,000	USD	Sell	0.970 %	Nov 2008	-	(7,003)	(7,003)
HSBC Bank	GAZPROM	4,300,000	USD	Sell	1.250 %	Dec 2008	-	(21,476)	(21,476)
HSBC Bank	Ukraine	8,100,000	USD	Sell	0.730 %	Apr 2009	-	(204,494)	(204,494)
HSBC Bank	United Mexican States	2,000,000	USD	Sell	0.180 %	May 2009	-	1,550	1,550
HSBC Bank	Republic of Panama	1,400,000	USD	Sell	0.760 %	Jan 2012	-	(42,764)	(42,764)
JP Morgan Chase Bank	Republic of Panama	700,000	USD	Sell	1.250 %	Jan 2017	-	(53,173)	(53,173)
JP Morgan Chase Bank	CDX.NA.IG.9	2,200,000	USD	Sell	0.553 %	Dec 2017	-	2,122	2,122
Merrill Lynch Capital Services, Inc.	GMAC LLC	4,000,000	USD	Sell	1.850 %	Sep 2009	-	(1,750,092)	(1,750,092)
Merrill Lynch Capital Services, Inc.	General Electric Capital Corporation	4,500,000	USD	Sell	1.080 %	Dec 2009	-	(303,338)	(303,338)
Merrill Lynch Capital Services, Inc.	CDX.NA.HY.8	2,000,000	USD	Sell	1.833 %	Jun 2012	-	(180,032)	(180,032)
Merrill Lynch Capital Services, Inc.	CDX.NA.HY.8	1,000,000	USD	Sell	2.070 %	Jun 2012	-	(82,082)	(82,082)
Merrill Lynch Capital Services, Inc.	Federative Republic of Brazil	1,000,000	USD	Sell	1.950 %	Apr 2016	-	(10,803)	(10,803)

Morgan Stanley Capital Services, Inc.	Russian Federation	5,000,000	USD	Sell	0.305 %	Dec 2008	-	(22,118)	(22,118)
Morgan Stanley Capital Services, Inc.	General Electric Capital Corporation	800,000	USD	Sell	0.950 %	Jan 2009	-	(12,535)	(12,535)
Morgan Stanley Capital Services, Inc.	CDX.NA.HY.8	1,000,000	USD	Sell	2.080 %	Jun 2012	-	(81,747)	(81,747)
Morgan Stanley Capital Services, Inc.	CDX.NA.HY.8	600,000	USD	Sell	2.170 %	Jun 2012	-	(47,240)	(47,240)
Morgan Stanley Capital Services, Inc.	CDX.NA.IG.9	4,800,000	USD	Sell	0.963 %	Dec 2012	-	15,028	15,028
Morgan Stanley Capital Services, Inc.	General Motors Corporation	200,000	USD	Sell	4.630 %	Dec 2012	-	(106,998)	(106,998)
Morgan Stanley Capital Services, Inc.	GAZPROM	100,000	USD	Sell	2.180 %	Feb 2013	-	(7,762)	(7,762)
Morgan Stanley Capital Services, Inc.	CDX.EM.9	1,400,000	USD	Sell	2.650 %	Jun 2013	2,037	(39,584)	(37,547)
Morgan Stanley Capital Services, Inc.	CDX.NA.IG.10	35,600,000	USD	Buy	(1.550)%	Jun 2013	(363,635)	577,805	214,170
Morgan Stanley Capital Services, Inc.	CMBX.NA.AAA.3	6,500,000	USD	Sell	0.080 %	Dec 2049	(1,040,102)	382,392	(657,710)
The Royal Bank of Scotland PLC	Deutsche Bank Aktiengesellschaft	11,800,000	USD	Sell	0.550 %	Dec 2008	-	(26,460)	(26,460)
The Royal Bank of Scotland PLC	General Electric Capital Corporation	600,000	USD	Sell	1.100 %	Sep 2009	-	(34,128)	(34,128)
The Royal Bank of Scotland PLC	American International Group, Inc.	5,200,000	USD	Sell	1.958 %	Mar 2013	-	(1,757,663)	(1,757,663)
The Royal Bank of Scotland PLC	Bank of America Corporation	4,000,000	USD	Sell	0.820 %	Mar 2013	-	(114,469)	(114,469)
UBS AG	GAZPROM	1,000,000	USD	Sell	2.180 %	Feb 2013	-	(77,624)	(77,624)
							($2,284,119)	($13,883,762)	($16,167,881)

† 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.

The Portfolios had the following interest rate caps and floors open at September 30, 2008:

									Unamortized
				Pay/Receive					Upfront	Unrealized
		Notional		Floating			Strike	Termination	Payment Made	Appreciation	Market
Portfolio	Counterparty	Amount	Currency	Rate	Floating Rate Index	Cap/Floor	Rate	Date	(Received)	(Depreciation)	Value
Global Bond
	Merrill Lynch Capital Services, Inc.	8,000,000	USD	Receive *	USD-CMM30-FNMA rate	Cap	5.500%	May 2009	$36,128	($224,448)	($188,320)
									$36,128	($224,448)	($188,320)
Total Return
					10/2-Year CMS EUR-ISDA EURIBOR rate
	JP Morgan Chase	4,500,000	EUR	Pay	spread	Floor	(0.750%)	Dec 2008	($65,245)	$77,941	$12,696
	Merrill Lynch Capital Services, Inc.	5,700,000	USD	Receive *	USD-CMM30-FNMA rate	Cap	5.000%	Feb 2009	389,814	(252,922)	136,891
	Merrill Lynch Capital Services, Inc.	6,900,000	USD	Receive *	USD-CMM30-FNMA rate	Cap	5.500%	May 2009	31,160	(193,586)	(162,426)
									$355,729	($368,568)	($12,839)

^* The Fund will receive payment if the floating rate index is above the strike rate. If the floating rate index is below the strike rate, the Fund will pay the counterparty.

28-Day Mexico Interbank TIIE
Banxico	Tasa de Interes Interbancario de Equilibrio
BBR	Bank Bill Rate
BBSW	Bank Bill Swap Rate
CBK	Canada Bankers Acceptance
CD KSDA	Korea Securities Dealers Association
CDI	Brazil Interbank Deposit Rate
CMS	Constant Maturity 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
STIBOR	Stockholm Interbank Offered Rate

Currency symbols are defined as follows:
AUD	Australian Dollar
BRL	Brazilian Real
CAD	Canadian Dollar
ERU	European Currency
GBP	British Pound
JPY	Japanese Yen
KRW	Korean Won
MXN	Mexican Peso
SEK	Swedish Krona
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 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 amounts are determined using forward foreign currency exchange rates supplied by a quotation service. The Portfolios could be exposed to additional risks if the counterparties to the contracts are unable to meet the terms of their contracts or if the value of the forward foreign currency contract changes unfavorably.

At September 30, 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 at September 30, 2008, were as follows:

				Unrealized
		Principal Amount		Appreciation
Portfolio	Currency	Covered by Contract	Settlement Date	(Depreciation)
Core Allocation Plus	Buys
	Euro	63,000	12/19/08	($244)
	South Korean Won	27,282,000	1/16/09	(1,477)
				($1,721)
	Sells
	Brazilian Real	47,509	12/17/08	$5,013
	South Korean Won	219,172	1/16/09	26,571
				$31,584

Global Allocation	Buys
	Euro	2,445,000	12/1/08	($28,159)
	Euro	1,030,000	12/1/08	(155,909)
	Euro	5,985,000	12/1/08	(715,649)
	Japanese Yen	2,817,200,000	12/1/08	(843,903)
	Japanese Yen	203,200,000	12/1/08	67,009
	Pound Sterling	1,190,000	12/1/08	(96,833)
	Pound Sterling	1,470,000	12/1/08	25,544
	Pound Sterling	940,000	12/1/08	(167,309)
	Singapore Dollar	5,265,000	12/1/08	(229,508)
	Swedish Krona	9,060,000	12/1/08	(30,055)
	Swedish Krona	80,980,000	12/1/08	(1,841,572)
	Swiss Franc	11,710,000	12/1/08	(911,638)
				($4,927,982)
	Sells
	Australian Dollar	1,862,441	12/1/08	$294,867
	Canadian Dollar	2,118,816	12/1/08	150,979
	Euro	29,328,082	12/1/08	2,769,640
	Euro	3,668,226	12/1/08	279,589
	Japanese Yen	2,445,000	12/1/08	(65,033)
	Japanese Yen	1,470,000	12/1/08	(44,759)
	Japanese Yen	2,574,687	12/1/08	7,048
	Japanese Yen	2,681,520	12/1/08	25,669
	Pound Sterling	13,519,120	12/1/08	1,155,665
	Swedish Krona	1,595,304	12/1/08	210,031
	Swiss Franc	1,190,000	12/1/08	54,911
	Swiss Franc	1,668,274	12/1/08	150,958
	Swiss Franc	1,297,451	12/1/08	30,783
				$5,020,348
Global Bond	Buys
	Australian Dollar	1,640,000	10/3/08	($80,350)
	Australian Dollar	569,000	10/3/08	(24,268)
	Australian Dollar	1,346,000	10/9/08	(8,246)
	Australian Dollar	1,225,000	10/9/08	(7,236)
	Australian Dollar	569,000	10/30/08	1,887
	Brazilian Real	2,872,100	10/2/08	(30,672)
	Brazilian Real	8,154,465	12/2/08	(150,347)
	Brazilian Real	19,654,808	12/2/08	(1,166,693)
	Brazilian Real	7,502	6/2/09	(166)
	Canadian Dollar	447,000	10/3/08	(12,302)
	Canadian Dollar	5,600,000	10/3/08	(159,259)
	Chilean Peso	57,900,000	12/10/08	(15,040)
	Chilean Peso	102,553,000	5/6/09	(32,096)
	Chinese Yuan Renminbi	22,156,875	11/13/08	(32,184)

Chinese Yuan Renminbi	9,197,120	3/2/09	17,416
Chinese Yuan Renminbi	33,421,943	5/6/09	(285,894)
Chinese Yuan Renminbi	53,088,727	5/6/09	(452,613)
Chinese Yuan Renminbi	11,855,852	5/6/09	(75,378)
Chinese Yuan Renminbi	23,993,176	5/6/09	(186,120)
Chinese Yuan Renminbi	10,667,313	5/6/09	(84,967)
Chinese Yuan Renminbi	3,657,575	7/15/09	(39,812)
Chinese Yuan Renminbi	10,303,900	5/17/10	(178,658)
Chinese Yuan Renminbi	11,612,440	5/17/10	(195,266)
Euro	1,994,000	10/3/08	26,750
Euro	20,906,000	10/3/08	(680,483)
Euro	156,965,000	10/3/08	(8,668,903)
Euro	154,504,000	10/16/08	422,718
Hong Kong Dollar	164,840	10/17/08	33
Hong Kong Dollar	77,586	1/16/09	8
Hungarian Forint	567,060	11/19/08	(268)
Indian Rupee	29,612,920	11/12/08	(61,584)
Indian Rupee	49,238,403	11/12/08	(164,198)
Indian Rupee	124,812,900	11/12/08	(420,012)
Indian Rupee	163,754,302	11/12/08	(550,494)
Japanese Yen	2,040,413,000	10/3/08	(28,905)
Japanese Yen	29,647,054,000	10/20/08	5,170,543
Japanese Yen	83,668,980	10/20/08	(8,390)
Japanese Yen	225,541,000	10/20/08	(30,090)
Japanese Yen	51,807,000	11/5/08	(982)
Malaysian Ringgit	17,219,269	11/12/08	(482,968)
Malaysian Ringgit	27,034,800	11/12/08	(777,673)
Malaysian Ringgit	29,420,134	11/12/08	(854,758)
Mexican Peso	146,535	11/19/08	(762)
Mexican Peso	96,000	11/19/08	(400)
Mexican Peso	96,000	11/19/08	(396)
Mexican Peso	490,061	11/19/08	(1,624)
Mexican Peso	828,596	5/19/09	(2,212)
Philippine Peso	40,000,000	11/12/08	(54,784)
Philippine Peso	40,000,000	11/12/08	(47,863)
Philippine Peso	9,300,000	2/6/09	(9,093)
Philippine Peso	4,500,000	2/6/09	(5,796)
Philippine Peso	11,130,000	2/6/09	(11,454)
Philippine Peso	15,648,500	2/6/09	(11,559)
Philippine Peso	3,500,000	2/6/09	(4,419)
Philippine Peso	12,500,000	2/6/09	(13,445)
Philippine Peso	3,400,000	2/6/09	(4,345)
Philippine Peso	2,300,000	12/24/10	(6,404)
Pound Sterling	300,000	10/3/08	(17,136)
Pound Sterling	1,133,000	10/3/08	(82,047)
Pound Sterling	339,000	10/3/08	(24,119)
Pound Sterling	13,765,000	11/3/08	(487,156)
Singapore Dollar	121,870	10/6/08	(3,516)
Singapore Dollar	544,000	10/6/08	(17,183)
Singapore Dollar	310,000	10/6/08	(11,157)
Singapore Dollar	2,010,000	10/6/08	(67,961)

Singapore Dollar	580,000	10/6/08	(18,168)
Singapore Dollar	3,565,870	11/12/08	(11,600)
Singapore Dollar	923,848	11/21/08	(35,839)
Singapore Dollar	954,494	11/21/08	(31,360)
Singapore Dollar	957,460	11/21/08	(32,403)
Singapore Dollar	2,827,563	11/21/08	(40,386)
Singapore Dollar	924,188	11/21/08	(35,602)
South African Rand	1,071,000	12/10/08	341
South Korean Won	1,065,120,705	2/9/09	(146,262)
Swedish Krona	33,752,000	10/6/08	(219,862)
Taiwan Dollar	21,597,993	2/9/09	(31,787)
Taiwan Dollar	9,600,000	2/9/09	(15,084)
Taiwan Dollar	15,400,000	2/9/09	(20,846)
Taiwan Dollar	9,600,000	2/9/09	(14,878)
Taiwan Dollar	4,900,000	2/9/09	(7,626)
			($11,854,113)
Sells
Australian Dollar	81,342	10/3/08	$2,317
Australian Dollar	19,828,955	10/16/08	1,588,748
Australian Dollar	472,839	10/30/08	23,491
Brazilian Real	1,591,191	10/2/08	81,863
Brazilian Real	577,000	12/2/08	31,920
Brazilian Real	136,000	12/2/08	4,039
Brazilian Real	3,073,500	12/2/08	107,361
Brazilian Real	4,411,000	12/2/08	223,598
Brazilian Real	4,067	12/2/08	165
Brazilian Real	2,545,000	12/2/08	91,805
Brazilian Real	4,435,000	12/2/08	256,342
Canadian Dollar	938,896	10/3/08	10,482
Chinese Yuan Renminbi	1,312,187	3/2/09	(17,229)
Chinese Yuan Renminbi	1,543,000	5/6/09	32,785
Danish Krone	1,470,350	12/9/08	28,709
Euro	4,414,390	10/3/08	114,968
Euro	30,179,762	10/3/08	1,419,809
Euro	216,922,890	10/3/08	(587,166)
Euro	2,818,709	10/3/08	112,917
Euro	3,203,100	11/3/08	26,488
Hong Kong Dollar	10,000	10/17/08	(9)
Indian Rupee	1,071,000	11/12/08	58,335
Indian Rupee	1,150,000	11/12/08	65,086
Indian Rupee	5,563,000	11/12/08	392,453
Japanese Yen	2,199,650	10/3/08	13,650
Japanese Yen	17,156,613	10/3/08	157,685
Japanese Yen	704,003	10/20/08	(4,520)
Japanese Yen	19,323,923	11/5/08	38,673
Malaysian Ringgit	2,940,000	11/12/08	166,079
Malaysian Ringgit	2,900,000	11/12/08	73,714
Malaysian Ringgit	4,391,000	11/12/08	(38,517)

	Malaysian Ringgit	853,279	11/12/08	47,952
	Malaysian Ringgit	1,555,000	11/12/08	4,593
	Malaysian Ringgit	2,953,000	11/12/08	72,312
	Mexican Peso	77,744	11/19/08	2,396
	New Zealand Dollar	252,256	10/9/08	11,078
	Philippine Peso	196,000	11/12/08	3,973
	Philippine Peso	47,589	12/24/10	2,609
	Polish Zloty	8,419	5/6/09	600
	Pound Sterling	55,884	10/3/08	770
	Pound Sterling	7,876,322	10/3/08	336,458
	Singapore Dollar	2,491,646	10/6/08	9,919
	Singapore Dollar	386,000	11/12/08	825
	Singapore Dollar	2,940,000	11/21/08	172,173
	Singapore Dollar	1,992,000	11/21/08	29,430
	South African Rand	98,000	12/10/08	3,070
	South Korean Won	98,000	11/4/08	5,150
	South Korean Won	910,000	2/9/09	104,448
	Taiwan Dollar	1,670,000	2/9/09	51,873
				$5,335,670
Global Real Estate	Buys
	Japanese Yen	385,000,000	10/31/08	($4,367)
	Pound Sterling	1,586,000	10/31/08	(3,773)
				($8,140)
	Sells
	Australian Dollar	73,044,383	10/31/08	$4,101,448
	Brazilian Real	746,309	10/31/08	29,802
	Canadian Dollar	8,133,851	10/31/08	239,152
	Euro	42,648,871	10/31/08	1,704,069
	Indian Rupee	374,827	10/31/08	5,058
	Japanese Yen	96,597,354	10/31/08	33,676
	Norwegian Krone	322,386	10/31/08	13,985
	Pound Sterling	55,351,345	10/31/08	2,198,516
	Singapore Dollar	17,134,198	10/31/08	197,083
	Swedish Krona	3,402,881	10/31/08	165,242
				$8,688,031
High Income	Buys
	Pound Sterling	630,000	1/22/09	($25,684)
				($25,684)
	Sells
	Canadian Dollar	2,708,861	1/22/09	($14,749)
	Pound Sterling	1,147,734	1/22/09	25,684
				$10,935

Income & Value	Buys
	Brazilian Real	230,000	12/11/08	($4,827)
	Colombian Peso	261,267,735	11/18/08	(6,625)
	Euro	200,000	10/20/08	3,687
	Euro	125,623	10/29/08	1,163
	Japanese Yen	57,374,625	10/20/08	16,100
	Japanese Yen	28,453,050	10/22/08	(3,094)
	Mexican Peso	800,000	11/24/08	(2,195)
				$4,209
	Sells
	Brazilian Real	125,272	12/11/08	$5,950
	Colombian Peso	137,491	11/18/08	18,988
	Euro	296,580	10/20/08	14,519
	Japanese Yen	115,000	10/20/08	(463)
	Mexican Peso	77,723	11/24/08	5,060
	Pound Sterling	186,402	10/20/08	8,402
	Pound Sterling	28,453,050	10/22/08	4,488
	Pound Sterling	125,623	10/29/08	(1,946)
				$54,998
International Core	Buys
	Euro	3,832,072	11/21/08	($464,940)
	Euro	3,803,019	11/21/08	(62,372)
	Hong Kong Dollar	8,734,935	11/21/08	5,945
	Hong Kong Dollar	8,999,630	11/21/08	6,072
	Hong Kong Dollar	8,734,935	11/21/08	5,894
	Japanese Yen	1,730,522,921	11/21/08	615,292
	Japanese Yen	1,730,522,921	11/21/08	611,320
	Japanese Yen	1,730,522,921	11/21/08	622,655
	Japanese Yen	1,730,522,921	11/21/08	615,925
	New Zealand Dollar	3,296,601	11/21/08	(128,605)
	New Zealand Dollar	3,296,601	11/21/08	(124,702)
	New Zealand Dollar	3,396,498	11/21/08	(131,537)
	Pound Sterling	2,865,868	11/21/08	(439,865)
	Swedish Krona	92,668,511	11/21/08	(1,083,221)
	Swedish Krona	92,668,511	11/21/08	(1,111,644)
	Swedish Krona	92,668,511	11/21/08	(1,109,076)
	Swedish Krona	92,668,511	11/21/08	(1,095,357)
	Swiss Franc	25,645,354	11/21/08	(409,828)
	Swiss Franc	25,645,354	11/21/08	(404,516)
	Swiss Franc	26,422,486	11/21/08	(422,028)
				($4,504,588)
	Sells

	Australian Dollar	10,972,200	11/21/08	$946,747
	Australian Dollar	11,299,974	11/21/08	970,720
	Australian Dollar	10,975,379	11/21/08	949,927
	Canadian Dollar	8,765,632	11/21/08	18,101
	Canadian Dollar	8,507,892	11/21/08	17,641
	Canadian Dollar	8,508,454	11/21/08	18,203
	Danish Krone	2,722,922	11/21/08	92,376
	Danish Krone	2,645,384	11/21/08	92,206
	Danish Krone	2,644,376	11/21/08	91,199
	Euro	10,377,658	11/21/08	357,120
	Euro	10,082,124	11/21/08	356,307
	Euro	10,070,932	11/21/08	345,115
	Japanese Yen	5,122,693	11/21/08	(25,982)
	Japanese Yen	5,056,960	11/21/08	(91,714)
	Japanese Yen	4,183,443	11/21/08	(114,157)
	Norwegian Krone	1,954,564	11/21/08	145,207
	Norwegian Krone	2,008,602	11/21/08	144,416
	Norwegian Krone	1,952,256	11/21/08	142,899
	Pound Sterling	22,639,040	11/21/08	868,475
	Pound Sterling	22,651,823	11/21/08	881,257
	Pound Sterling	23,345,216	11/21/08	914,937
				$7,121,000
International Equity Index A	Buys
	Australian Dollar	371,000	12/19/08	($17,307)
	Canadian Dollar	387,000	12/19/08	(10,422)
	Euro	1,675,000	12/19/08	(99,945)
	Hong Kong Dollar	788,000	12/19/08	23
	Japanese Yen	185,000,000	12/19/08	(6,311)
	Pound Sterling	912,000	12/19/08	(61,478)
	Swedish Krona	1,400,000	12/19/08	(10,743)
				($206,183)
International Equity Index B	Buys
	Australian Dollar	247,000	12/19/08	($11,522)
	Canadian Dollar	254,000	12/19/08	(6,840)
	Euro	1,106,000	12/19/08	(65,994)
	Hong Kong Dollar	1,766,000	12/19/08	52
	Japanese Yen	185,000,000	12/19/08	(6,312)
	Pound Sterling	798,000	12/19/08	(53,793)
	Swedish Krona	1,400,000	12/19/08	(10,743)
				($155,152)
Investment Quality Bond	Sells
	Brazilian Real	4,162,804	12/17/08	$439,197
				$439,197

Mutual Shares	Buys
	Canadian Dollar	341,979	10/27/08	($11,423)
	Canadian Dollar	594,000	10/27/08	(21,668)
	Danish Krone	899,300	10/23/08	79
	Euro	625,017	11/13/08	(26,911)
	Norwegian Krone	852,404	11/19/08	(20,896)
	Norwegian Krone	11,132,847	11/19/08	(67,124)
				($147,943)
	Sells
	Canadian Dollar	1,498,513	10/27/08	$56,134
	Canadian Dollar	861,039	10/27/08	43,331
	Danish Krone	5,203,734	10/23/08	400,721
	Danish Krone	108,799	1/23/09	4,579
	Euro	56,379,458	11/13/08	4,284,503
	Japanese Yen	2,255,380	11/19/08	24,567
	Norwegian Krone	6,461,874	11/19/08	790,883
	Norwegian Krone	1,304,818	11/19/08	124,220
	Pound Sterling	20,894,442	1/12/09	(492,607)
	Singapore Dollar	1,295,665	3/24/09	19,654
	Swedish Krona	3,157,950	3/16/09	55,782
	Swedish Krona	83,388	3/16/09	1,496
	Swiss Franc	7,565,249	2/9/09	387,069
				$5,700,332
Overseas Equity	Buys
	Canadian Dollar	1,037,670	10/3/08	($27,916)
	Canadian Dollar	3,271,316	11/5/08	11,490
	Canadian Dollar	9,187,118	11/5/08	24,014
	Euro	652,090	10/3/08	(109,819)
	Euro	4,107,467	10/24/08	(299,586)
	Euro	2,867,195	11/13/08	(82,165)
	Euro	2,853,983	11/13/08	(84,612)
	Euro	313,889	11/28/08	(20,538)
	Euro	9,190,760	12/17/08	(1,411,221)
	Japanese Yen	484,673,952	10/17/08	35,169
	Japanese Yen	916,552,914	11/19/08	46,205
	Japanese Yen	50,090,416	11/28/08	7,269
	Japanese Yen	2,425,153,783	12/4/08	301,493
	Japanese Yen	635,541,250	12/17/08	109,358
				($1,500,859)
	Sells
	Canadian Dollar	652,090	10/3/08	$52,773
	Canadian Dollar	4,107,467	10/24/08	182,197
	Canadian Dollar	3,152,742	11/5/08	72,504

	Canadian Dollar	8,800,258	11/5/08	149,762
	Chilean Peso	286,000	10/14/08	10,540
	Chilean Peso	286,000	12/12/08	8,626
	Euro	1,037,670	10/3/08	35,338
	Euro	4,254,000	11/13/08	205,110
	Euro	4,206,000	11/13/08	175,768
	Euro	50,090,416	11/28/08	(3,517)
	Euro	635,541,250	12/17/08	(64,045)
	Japanese Yen	4,632,000	10/17/08	63,355
	Japanese Yen	8,354,000	11/19/08	(327,119)
	Japanese Yen	313,889	11/28/08	(11,206)
	Japanese Yen	23,231,000	12/4/08	235,249
	Japanese Yen	9,190,760	12/17/08	(571)
	Mexican Peso	1,122,000	10/14/08	40,494
	Polish Zloty	317,000	11/10/08	38,260
				$863,518
Real Return Bond	Buys
	Brazilian Real	53,686,879	12/2/08	($254,264)
	Chinese Yuan Renminbi	11,131,250	12/9/08	(10,335)
	Chinese Yuan Renminbi	24,910,225	3/2/09	75,197
	Chinese Yuan Renminbi	31,373,250	3/2/09	109,908
	Chinese Yuan Renminbi	12,513,900	3/2/09	38,846
	Chinese Yuan Renminbi	10,124,686	7/15/09	(108,900)
	Chinese Yuan Renminbi	8,814,420	7/15/09	(77,115)
	Chinese Yuan Renminbi	11,329,920	9/8/09	(43,533)
	Chinese Yuan Renminbi	12,695,640	9/8/09	(46,272)
	Euro	2,985,049	10/3/08	(204,997)
	Euro	692,588	10/3/08	(37,122)
	Euro	7,988,854	10/3/08	(66,529)
	Euro	1,134,113	10/3/08	(69,237)
	Euro	1,087,844	10/3/08	(63,530)
	Japanese Yen	81,047,000	10/3/08	(1,148)
	Malaysian Ringgit	7,818,848	11/12/08	(154,651)
	Malaysian Ringgit	9,619,960	2/12/09	(186,054)
	Mexican Peso	767,714	11/19/08	(3,990)
	Mexican Peso	503,000	11/19/08	(2,096)
	Mexican Peso	503,000	11/19/08	(2,076)
	Mexican Peso	13,411,077	11/19/08	(44,453)
	Mexican Peso	939,024	5/19/09	(2,507)
	Philippine Peso	63,900,000	11/12/08	(76,462)
	Philippine Peso	14,800,000	2/6/09	(14,486)
	Philippine Peso	7,200,000	2/6/09	(9,274)
	Philippine Peso	17,770,000	2/6/09	(18,297)
	Philippine Peso	25,069,620	2/6/09	(18,499)
	Philippine Peso	5,600,000	2/6/09	(7,071)
	Philippine Peso	19,900,000	2/6/09	(21,420)
	Philippine Peso	5,500,000	2/6/09	(7,028)
	Philippine Peso	3,800,000	12/24/10	(10,581)

	Polish Zloty	8,181,640	5/6/09	(258,301)
	Pound Sterling	445,038	10/3/08	(25,857)
	Pound Sterling	4,201,497	10/3/08	(210,412)
	Pound Sterling	1,636,559	10/3/08	(128,142)
	Pound Sterling	1,439,354	10/3/08	(112,259)
	Pound Sterling	517,000	10/3/08	(41,016)
	Singapore Dollar	2,105,830	11/21/08	(81,693)
	Singapore Dollar	2,140,939	11/21/08	(70,341)
	Singapore Dollar	136,256	11/21/08	(1,994)
	Singapore Dollar	2,188,480	11/21/08	(74,065)
	Singapore Dollar	139,756	11/21/08	(2,000)
	Singapore Dollar	2,093,014	11/21/08	(80,629)
				($2,424,685)
	Sells
	Brazilian Real	19,236,247	12/2/08	$2,055,793
	Brazilian Real	3,100,000	12/2/08	171,377
	Brazilian Real	1,284,000	12/2/08	65,576
	Chinese Yuan Renminbi	3,863,000	3/2/09	(42,903)
	Chinese Yuan Renminbi	1,944,910	3/2/09	(28,628)
	Chinese Yuan Renminbi	4,029,000	3/2/09	(36,010)
	Euro	20,351,285	10/3/08	777,229
	Euro	9,073,332	10/16/08	(17,650)
	Japanese Yen	766,801	10/3/08	4,759
	Japanese Yen	383,914	10/20/08	6,900
	Japanese Yen	28,149,949	10/20/08	(530,696)
	Japanese Yen	148,251	10/20/08	(2,555)
	Japanese Yen	767,563	11/5/08	1,536
	Malaysian Ringgit	5,005,555	11/12/08	(54,581)
	Mexican Peso	1,381,006	11/19/08	85,577
	Mexican Peso	88,105	11/19/08	2,716
	Philippine Peso	3,535,786	11/12/08	(39,282)
	Philippine Peso	78,626	12/24/10	4,310
	Pound Sterling	14,815,189	11/3/08	288,613
	Swiss Franc	915,827	12/9/08	10,653
				$2,722,734
Spectrum Income	Buys
	Australian Dollar	604,064	11/20/08	($52,925)
	Brazilian Real	115,000	11/20/08	(6,096)
	Canadian Dollar	1,804,163	11/20/08	16,708
	Czech Koruna	5,551,983	11/20/08	(25,152)
	Danish Krone	1,570,624	11/20/08	(17,595)
	Euro	4,927,234	11/20/08	(309,277)
	Hungarian Forint	3,549,000	11/20/08	(165)
	Indonesian Rupiah	1,135,905,000	10/22/08	(2,862)
	Indonesian Rupiah	2,173,716,000	11/20/08	(4,477)
	Japanese Yen	896,775,879	11/20/08	282,746

Malaysian Ringgit	414,211	10/10/08	(6,581)
Mexican Peso	4,036,378	11/20/08	(28,687)
Norwegian Krone	12,199,539	11/20/08	(189,284)
Polish Zloty	674,229	11/20/08	(28,095)
Pound Sterling	450,221	11/20/08	(13,612)
Singapore Dollar	993,386	11/20/08	(15,327)
South African Rand	577,689	11/20/08	(3,675)
South Korean Won	2,510,808,300	11/20/08	(366,165)
Taiwan Dollar	29,003,700	2/13/09	(31,322)
Turkish Lira	557,857	11/20/08	(22,491)
			($824,334)
Sells
Australian Dollar	45,000	11/20/08	$4,209
Brazilian Real	694,816	10/27/08	22,274
Brazilian Real	4,120,000	11/20/08	627,684
Brazilian Real	205,000	1/15/09	7,127
Brazilian Real	3,320,000	2/20/09	542,481
Canadian Dollar	158,000	11/20/08	1,195
Danish Krone	33,000	11/20/08	86
Euro	1,957,898	10/7/08	211,017
Euro	1,560,730	10/27/08	149,050
Euro	1,463,170	11/20/08	50,411
Euro	3,326,991	11/20/08	121,891
Euro	1,650,518	12/15/08	(31,517)
Hungarian Forint	1,166,367	10/14/08	159,247
Hungarian Forint	1,777,550	10/16/08	267,597
Hungarian Forint	1,341,403	10/27/08	67,250
Hungarian Forint	1,723,725	11/20/08	129,908
Indonesian Rupiah	340,000	11/20/08	11,041
Japanese Yen	2,647,145	11/20/08	(109,922)
Japanese Yen	2,631,654	11/20/08	(52,345)
Malaysian Ringgit	298,000	10/10/08	16,785
Mexican Peso	745,863	11/5/08	60,768
Mexican Peso	655,024	11/12/08	43,692
Mexican Peso	159,551	11/20/08	10,109
Mexican Peso	5,151,767	11/20/08	348,042
Mexican Peso	224,312	11/21/08	14,647
New Taiwan Dollar	38,000	11/17/08	2,647
New Taiwan Dollar	35,000	2/13/09	1,020
New Turkish Lira	3,233,095	11/20/08	174,376
Polish Zloty	26,000	11/20/08	541
Pound Sterling	3,290,052	11/20/08	178,277
South African Rand	66,000	11/20/08	2,276
South Korean Won	126,000	11/20/08	11,593
Swedish Krona	191,434	11/20/08	18,279
			$3,061,736

Strategic Bond	Buys
	Russian Ruble	43,294,680	12/8/08	($9,082)
	Russian Ruble	33,649,352	12/8/08	(7,516)
	Russian Ruble	32,779,230	12/11/08	(3,848)
				($20,446)
	Sells
	Euro	922,680	12/8/08	$4,407
	Euro	709,703	12/8/08	3,937
	Euro	14,733,900	12/11/08	1,095
				$9,439
Strategic Income	Sells
	Australian Dollar	944,774	1/22/09	$53,590
	Canadian Dollar	25,857,174	1/22/09	(56,684)
	Canadian Dollar	25,773,530	1/22/09	(140,329)
	Euro	48,347,408	1/22/09	805,800
	New Zealand Dollar	23,578,610	1/22/09	841,021
	Pound Sterling	12,802,533	1/22/09	356,184
				$1,859,582
Total Return	Buys
	Australian Dollar	1,452,688	10/16/08	($99,963)
	Australian Dollar	2,248,000	10/30/08	(92,807)
	Brazilian Real	166,285,156	12/2/08	(354,398)
	Chilean Peso	433,084,250	12/10/08	(112,496)
	Chinese Yuan Renminbi	2,736,169	11/13/08	(5,630)
	Chinese Yuan Renminbi	3,668,220	11/13/08	(7,269)
	Chinese Yuan Renminbi	13,301,106	11/13/08	(27,297)
	Chinese Yuan Renminbi	2,953,650	11/13/08	(6,045)
	Chinese Yuan Renminbi	13,574,840	11/13/08	(26,543)
	Chinese Yuan Renminbi	2,737,781	11/13/08	(5,395)
	Chinese Yuan Renminbi	18,851,124	7/15/09	(190,720)
	Chinese Yuan Renminbi	58,741,867	7/15/09	(598,020)
	Chinese Yuan Renminbi	17,526,568	7/15/09	(157,998)
	Chinese Yuan Renminbi	18,563,256	7/15/09	(199,391)
	Euro	680,000	10/3/08	(44,438)
	Euro	3,680,000	10/3/08	(255,759)
	Euro	2,834,200	10/3/08	(156,447)
	Euro	16,861,700	10/3/08	64,080
	Euro	1,193,300	10/3/08	(65,379)
	Euro	2,779,900	10/3/08	(154,006)
	Euro	1,019,000	10/3/08	(66,360)
	Euro	272,000	10/3/08	(19,310)
	Euro	340,000	10/3/08	(23,582)
	Euro	3,335,900	10/3/08	(185,742)
	Indian Rupee	196,942,155	11/12/08	(409,566)

Indian Rupee	21,737,107	11/12/08	(72,488)
Indian Rupee	55,066,900	11/12/08	(185,307)
Indian Rupee	211,711,863	11/12/08	(531,404)
Indonesian Rupiah	6,311,200,000	10/29/08	4,489
Indonesian Rupiah	7,608,000,000	10/29/08	4,571
Malaysian Ringgit	1,924,365	11/12/08	(34,572)
Malaysian Ringgit	10,665,958	11/12/08	(206,609)
Malaysian Ringgit	1,918,578	11/12/08	(35,260)
Malaysian Ringgit	1,924,528	11/12/08	(33,524)
Malaysian Ringgit	1,714,550	11/12/08	(29,785)
Malaysian Ringgit	10,754,540	2/12/09	(207,997)
Philippine Peso	100,000,000	11/12/08	(136,960)
Philippine Peso	99,600,000	11/12/08	(119,180)
Philippine Peso	23,100,000	2/6/09	(22,612)
Philippine Peso	11,200,000	2/6/09	(14,426)
Philippine Peso	27,710,000	2/6/09	(28,530)
Philippine Peso	39,095,040	2/6/09	(28,862)
Philippine Peso	8,800,000	2/6/09	(11,111)
Philippine Peso	30,900,000	2/6/09	(33,241)
Philippine Peso	8,600,000	2/6/09	(10,990)
Philippine Peso	5,900,000	12/24/10	(17,495)
Pound Sterling	693,900	10/3/08	(52,780)
Pound Sterling	9,302,300	10/3/08	(720,875)
Singapore Dollar	3,708,978	11/21/08	(144,262)
Singapore Dollar	3,813,734	11/21/08	(125,690)
Singapore Dollar	6,123,087	11/21/08	(90,250)
Singapore Dollar	3,829,840	11/21/08	(130,002)
Singapore Dollar	6,277,196	11/21/08	(90,455)
Singapore Dollar	3,683,161	11/21/08	(142,261)
South African Rand	139,572	12/10/08	(639)
South African Rand	2,820,000	12/10/08	898
			($6,448,090)
Sells
Australian Dollar	1,872,359	10/3/08	$95,877
Australian Dollar	1,767,827	10/30/08	(7,454)
Brazilian Real	329,000	12/2/08	487
Brazilian Real	329,000	12/2/08	59
Brazilian Real	32,207,079	12/2/08	3,506,938
Brazilian Real	29,318,000	12/2/08	2,217,607
Brazilian Real	557,000	12/2/08	28,640
Brazilian Real	10,487,700	12/2/08	1,098,005
Brazilian Real	4,323,000	12/2/08	216,388
Euro	48,296,245	10/3/08	1,844,465
Euro	23,716,403	10/16/08	(46,134)
Indian Rupee	1,865,000	11/12/08	45,025
Philippine Peso	122,077	12/24/10	7,759
Pound Sterling	66,264,133	11/3/08	1,290,883
Singapore Dollar	768,429	11/19/08	1,509

	Singapore Dollar	768,429	11/19/08	1,509
	Singapore Dollar	768,429	11/21/08	1,713
	Singapore Dollar	768,429	11/21/08	1,365
	South African Rand	371,269	12/10/08	18,892
				$10,323,533
Utilities	Buys
	Euro	178,949	10/22/08	($10,758)
	Euro	2,930,535	10/22/08	(86,563)
	Euro	213,351	10/22/08	(7,812)
	Euro	34,993	11/20/08	(1,782)
	Pound Sterling	495,873	10/23/08	(6,404)
	Pound Sterling	76,055	10/23/08	(2,445)
	Pound Sterling	279,701	10/23/08	(8,837)
				($124,601)
	Sells
	Euro	12,472	10/22/08	$70
	Euro	339,297	10/22/08	11,201
	Euro	896,142	10/22/08	35,764
	Euro	404,079	10/22/08	16,121
	Euro	95,891	10/22/08	(662)
	Euro	16,629,941	10/22/08	617,508
	Pound Sterling	5,793,502	10/23/08	224,101
	Pound Sterling	43,485	10/23/08	1,270
				$905,373
Vista	Buys
	Australian Dollar	120,156	10/31/08	($4,751)
	Danish Krone	1,421,310	10/31/08	(9,163)
	Swiss Franc	30,340	10/31/08	(727)
				($14,641)
	Sells
	Australian Dollar	438,679	10/31/08	$3,896
	Danish Krone	620,670	10/31/08	14,166
	Danish Krone	18,520	10/31/08	824
	Swiss Franc	668,296	10/31/08	19,472
				$38,358

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 delivered to the Portfolio, normally 15 to 45 days later. In general the securities convert to a real pool at settlement.

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.

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 contract’s 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 Portfolio had the following bond forward contracts open at September 30, 2008:

							Unrealized
			Principal	Settlement	Value at Trade	Value As	Appreciation
Portfolio	Description		Amount	Date	Date	6/30/08	(Depreciation)
Investment
Quality Bond
	Federal Republic of Germany 4.25% due 7/4/2018	EUR	10,000,000	10/30/08	$14,986,527	$15,214,954	$228,427
	Government of United Kingdom 5.00% due 3/17/18	GBP	8,800,000	11/21/08	16,800,947	17,122,728	321,781
	US Treasury Note 4.625% due 12/16/2008	USD	(17,000,000)	12/15/08	(18,820,932)	(18,256,919)	564,013
	US Treasury Note 4.75% due 12/16/2008	USD	(16,400,000)	12/15/08	(18,312,948)	(17,748,949)	563,999
							$1,678,220

Cost of Investment Securities for Federal Income Tax Purposes At September 30, 2008, the aggregate security unrealized appreciation and depreciation based on the cost of investment securities for U.S. federal income tax purposes were as follows:

				Net
				Unrealized
	Aggregate	Unrealized	Unrealized	Appreciation/
Portfolio	Cost	Appreciation	(Depreciation)	(Depreciation)
500 Index	$1,956,613,729	$201,371,545	($322,022,343)	($120,650,798)
500 Index B	938,788,105	153,517,227	(199,586,613)	(46,069,386)
Active Bond	2,791,727,921	12,177,524	(267,087,374)	(254,909,850)
All Cap Core	973,319,836	14,333,460	(144,450,594)	(130,117,134)
All Cap Growth	292,942,735	11,034,187	(43,504,327)	(32,470,140)
All Cap Value	105,996,159	4,286,231	(12,155,563)	(7,869,332)
American Asset Allocation	1,019,605,713	-	(177,252,505)	(177,252,505)
American Blue Chip Income and Growth	156,784,377	-	(24,912,220)	(24,912,220)
American Bond	921,048,249	-	(87,058,244)	(87,058,244)
American Diversified Growth & Income	998,537	-	(117,603)	(117,603)

American Fundamental Holdings	642,814,465	-	(103,910,592)	(103,910,592)
American Global Diversification	721,043,720	-	(140,576,386)	(140,576,386)
American Global Growth	265,855,505	-	(70,823,848)	(70,823,848)
American Global Small Capitalization	105,798,112	-	(38,717,647)	(38,717,647)
American Growth	1,685,455,509	-	(312,520,768)	(312,520,768)
American Growth-Income	1,327,616,193	-	(225,499,051)	(225,499,051)
American High-Income Bond	50,418,255	-	(7,047,909)	(7,047,909)
American International	1,101,528,559	-	(191,529,005)	(191,529,005)
American New World	81,663,415	-	(23,024,197)	(23,024,197)
Blue Chip Growth	2,712,322,571	252,931,635	(351,452,254)	(98,520,619)
Capital Appreciation	1,102,818,182	60,797,076	(110,344,002)	(49,546,926)
Capital Appreciation Value	100,750,803	430,926	(5,580,241)	(5,149,315)
Classic Value	57,678,459	897,275	(17,925,887)	(17,028,612)
Core Allocation Plus	48,239,439	290,126	(5,322,113)	(5,031,987)
Core Bond	354,708,674	2,269,313	(9,777,431)	(7,508,118)
Core Equity	542,613,345	20,005,109	(125,912,577)	(105,907,468)
Disciplined Diversification	100,546,515	877,372	(13,635,940)	(12,758,568)
Emerging Growth	18,549,729	1,555,565	(3,701,903)	(2,146,338)
Emerging Markets Value	624,009,894	8,837,228	(179,798,512)	(170,961,284)
Emerging Small Company	159,219,942	9,791,177	(17,069,199)	(7,278,022)
Equity-Income	2,178,226,458	175,507,893	(430,298,756)	(254,790,863)
Financial Services	117,767,166	14,321,913	(24,653,440)	(10,331,527)
Floating Rate Income	563,697,050	677,544	(40,503,366)	(39,825,822)
Franklin Templeton Founding Allocation	1,660,274,597	-	(365,761,618)	(365,761,618)
Fundamental Value	1,699,473,643	188,372,468	(227,521,728)	(39,149,260)
Global	869,358,071	13,732,524	(198,585,326)	(184,852,802)
Global Allocation	286,349,589	3,549,773	(45,746,541)	(42,196,768)
Global Bond	1,870,004,809	22,675,248	(128,393,739)	(105,718,491)

Global Real Estate	759,852,186	11,666,102	(158,874,238)	(147,208,136)
Growth Equity	491,875,304	6,165,082	(80,788,408)	(74,623,326)
Health Sciences	233,344,603	25,600,314	(32,607,236)	(7,006,922)
High Income	582,053,676	2,845,118	(180,497,646)	(177,652,528)
High Yield	2,083,155,875	3,596,927	(405,729,845)	(402,132,918)
Income	536,196,745	2,812,799	(113,718,041)	(110,905,242)
Income & Value	381,847,631	19,205,291	(56,830,515)	(37,625,224)
Index Allocation	426,669,777	1,151,060	(58,419,748)	(57,268,688)
International Core	1,161,910,280	25,631,163	(232,513,701)	(206,882,538)
International Equity Index A	311,315,445	23,089,627	(57,890,901)	(34,801,274)
International Equity Index B	414,133,348	41,674,546	(70,901,911)	(29,227,365)
International Opportunities	864,562,036	12,951,860	(142,804,688)	(129,852,828)
International Small Cap	446,540,553	24,246,079	(141,302,826)	(117,056,747)
International Small Company	429,152,297	9,917,459	(130,820,449)	(120,902,990)
International Value	1,488,759,625	74,850,023	(315,243,274)	(240,393,251)
Investment Quality Bond	446,062,300	2,609,308	(32,155,944)	(29,546,636)
Large Cap	674,366,998	13,321,296	(134,542,550)	(121,221,254)
Large Cap Value	692,274,481	28,115,424	(83,156,025)	(55,040,601)
Lifestyle Aggressive	548,702,530	-	(133,813,707)	(133,813,707)
Lifestyle Balanced	11,108,065,512	-	(1,926,903,751)	(1,926,903,751)
Lifestyle Conservative	1,591,972,996	-	(145,669,369)	(145,669,369)
Lifestyle Growth	14,745,574,933	-	(2,966,545,438)	(2,966,545,438)
Lifestyle Moderate	2,719,230,509	-	(349,779,699)	(349,779,699)
Managed	1,323,087,889	14,883,855	(161,653,019)	(146,769,164)
Mid Cap Index	836,991,300	39,240,150	(163,706,461)	(124,466,311)
Mid Cap Intersection	210,713,345	6,041,373	(35,914,904)	(29,873,531)
Mid Cap Stock	962,695,752	50,326,829	(117,737,385)	(67,410,556)
Mid Cap Value	397,478,528	10,191,641	(96,308,767)	(86,117,126)

Mid Cap Value Equity	76,831,012	1,740,678	(17,774,192)	(16,033,514)
Mid Value	151,262,884	3,161,305	(22,007,846)	(18,846,541)
Mutual Shares	543,402,171	4,465,397	(102,344,660)	(97,879,263)
Natural Resources	663,600,526	56,206,860	(99,975,582)	(43,768,722)
Optimized All Cap	1,856,682,373	33,190,232	(284,295,311)	(251,105,079)
Optimized Value	780,060,544	12,076,621	(91,527,112)	(79,450,491)
Overseas Equity	526,912,193	10,178,949	(104,261,177)	(94,082,228)
Pacific Rim	121,504,902	4,487,288	(29,085,098)	(24,597,810)
Real Estate Equity	308,316,032	5,640,489	(43,143,600)	(37,503,111)
Real Estate Securities	567,984,401	31,079,580	(69,727,909)	(38,648,329)
Real Return Bond	2,190,317,080	5,719,901	(101,709,876)	(95,989,975)
Science & Technology	326,032,024	3,800,581	(70,027,436)	(66,226,855)
Short-Term Bond	225,510,831	940,267	(22,158,955)	(21,218,688)
Small Cap	44,885,571	634,613	(7,531,576)	(6,896,963)
Small Cap Growth	297,100,479	9,496,624	(23,932,312)	(14,435,688)
Small Cap Index	398,953,951	45,160,701	(73,277,014)	(28,116,313)
Small Cap Intrinsic Value	102,236,664	901,816	(41,151,040)	(40,249,224)
Small Cap Opportunities	236,043,457	14,240,013	(42,547,411)	(28,307,398)
Small Cap Value	426,700,136	31,376,949	(59,235,271)	(27,858,322)
Small Company	38,840,374	1,056,936	(4,644,837)	(3,587,901)
Small Company Growth	209,225,323	13,179,760	(35,120,635)	(21,940,875)
Small Company Value	626,200,703	147,685,436	(76,713,455)	70,971,981
Spectrum Income	1,164,371,660	14,065,375	(87,132,539)	(73,067,164)
Strategic Bond	833,983,938	1,667,447	(142,029,057)	(140,361,610)
Strategic Income	514,089,927	7,003,827	(46,867,916)	(39,864,089)
Total Bond Market A	196,096,689	1,830,784	(4,816,516)	(2,985,732)
Total Bond Market B	162,483,041	2,403,023	(4,417,930)	(2,014,907)
Total Return	3,162,501,935	11,488,617	(179,428,455)	(167,939,838)

Total Stock Market Index	374,266,956	68,353,307	(66,939,402)	1,413,905
U.S. Core	605,401,311	10,207,346	(82,152,363)	(71,945,017)
U.S. Government Securities	508,756,294	1,688,599	(38,466,352)	(36,777,753)
U.S. High Yield Bond	588,399,633	724,153	(64,629,496)	(63,905,343)
U.S. Large Cap	824,900,153	49,552,878	(139,645,495)	(90,092,617)
U.S. Multi Sector	1,013,332,769	24,304,629	(128,925,225)	(104,620,596)
Utilities	219,712,449	2,418,893	(42,637,065)	(40,218,172)
Value	256,893,231	11,081,651	(36,012,179)	(24,930,528)
Value & Restructuring	543,787,685	42,409,594	(88,239,737)	(45,830,143)
Vista	66,028,537	1,666,466	(6,291,119)	(4,624,653)

Investment in Affiliated Underlying Funds Franklin Templeton Founding Allocation Portfolio, Index Allocation Portfolio and the Lifestyle Portfolios invest primarily in affiliated underlying funds that are managed by affiliates of the Adviser. The Portfolios do 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. For the period ended September 30, 2008, the following Portfolios held 5% or more of the underlying Funds net assets:

		Percent of Underlying Funds
Portfolio	Affiliate Class NAV	Net Assets
Franklin Templeton Founding Allocation
	Global	64.0%
	Income	100.0%
	Mutual Shares	97.6%
Index Allocation
	500 Index	7.1%
	Bond Index A	58.6%
	International Equity Index A	19.1%
	Mid Cap Index	5.2%
	Small Cap Index	10.5%
Lifestyle Aggressive
	All Cap Value	8.3%
	Emerging Growth	29.7%
	Mid Cap Intersection	6.9%
	Mid Cap Value Equity	6.8%
	Small Cap	15.6%
	Small Cap Intrinsic Value	13.3%
	Small Company	12.1%
	Vista	13.2%
Lifestyle Growth
	500 Index	13.9%
	All Cap Core	62.4%
	All Cap Growth	43.6%
	Blue Chip Growth	28.8%
	Capital Appreciation	56.0%

	Core Equity	48.1%
	Emerging Markets Value	47.8%
	Equity-Income	20.3%
	Floating Rate Income	47.9%
	Fundamental Value	44.7%
	Global Bond	13.7%
	Global Real Estate	38.9%
	Growth Equity	54.8%
	High Income	29.0%
	High Yield	29.3%
	International Core	45.3%
	International Opportunities	57.3%
	International Small Cap	32.8%
	International Small Company	69.6%
	International Value	36.5%
	Large Cap	23.0%
	Large Cap Value	38.1%
	Mid Cap Index	8.3%
	Mid Cap Intersection	90.9%
	Mid Cap Stock	19.2%
	Mid Cap Value	19.4%
	Mid Cap Value Equity	93.1%
	Natural Resources	32.7%
	Overseas Equity	51.2%
	Quantitative Value	68.9%
	Real Estate Equity	48.5%
	Real Return Bond	35.7%
	Small Cap	74.7%
	Small Cap Growth	11.8%
	Small Cap Intrinsic Value	86.4%
	Small Cap Opportunities	58.3%
	Small Company Growth	34.0%
	Small Company Value	28.7%
	Spectrum Income	23.8%
	Strategic Bond	20.0%
	Strategic Income	26.1%
	Total Return	22.5%
	U.S Large Cap	33.3%
	U.S. High Yield Bond	23.8%
	U.S. Multi Sector	56.0%
	Value & Restructuring	46.2%
	Vista	86.8%
Lifestyle Balanced
	500 Index	15.7%
	Active Bond	8.4%
	All Cap Core	21.3%
	Blue Chip Growth	27.2%
	Capital Appreciation	8.6%
	Core Bond	68.5%
	Core Equity	36.7%
	Emerging Markets Value	46.2%
	Equity-Income	15.4%
	Floating Rate Income	27.7%
	Fundamental Value	17.1%
	Global Bond	20.0%
	Global Real Estate	44.1%
	Growth Equity	42.1%
	High Income	43.8%
	High Yield	49.9%
	International Core	26.4%

	International Opportunities	22.4%
	International Small Cap	25.4%
	International Small Company	27.2%
	International Value	21.0%
	Large Cap	34.9%
	Large Cap Value	43.9%
	Mid Cap Index	12.6%
	Mid Cap Stock	10.1%
	Natural Resources	25.1%
	Quantitative Value	26.4%
	Real Estate Equity	36.4%
	Real Return Bond	36.6%
	Small Company Growth	52.7%
	Small Company Value	21.6%
	Spectrum Income	45.6%
	Strategic Bond	30.8%
	Strategic Income	40.0%
	Total Return	21.7%
	U.S Large Cap	25.5%
	U.S. High Yield Bond	45.6%
	U.S. Multi Sector	32.1%
	Value & Restructuring	35.9%
Lifestyle Moderate
	Active Bond	8.4%
	Bond Index A	5.0%
	Core Bond	17.4%
	Core Equity	5.9%
	Floating Rate Income	13.6%
	Fundamental Value	5.9%
	Global Bond	10.2%
	Global Real Estate	7.4%
	High Income	21.1%
	High Yield	6.7%
	International Core	9.4%
	International Equity Index B	5.8%
	International Opportunities	6.1%
	International Value	5.5%
	Investment Quality Bond	11.6%
	Mid Cap Index	6.5%
	Overseas Equity	5.2%
	Real Estate Equity	9.4%
	Real Return Bond	6.9%
	Small Company	66.0%
	Small Company Growth	13.3%
	Spectrum Income	18.4%
	Strategic Bond	11.2%
	Strategic Income	15.2%
	Total Return	11.9%
	U.S. High Yield Bond	18.7%
	U.S. Multi Sector	8.1%
	Value & Restructuring	9.9%
Lifestyle Conservative
	Active Bond	5.7%
	Bond Index A	19.7%
	Core Bond	10.1%
	Floating Rate Income	10.8%
	Global Bond	9.5%
	Global Real Estate	9.5%
	High Income	5.8%

Investment Quality Bond	17.0%
Real Estate Equity	5.7%
Spectrum Income	12.0%
Strategic Bond	9.1%
Strategic Income	11.8%
Total Return	8.8%
U.S. Government Securities	35.9%
U.S. High Yield Bond	9.1%
Value & Restructuring	6.4%

U.S. Department of Treasury Temporary Guarantee Program for Money Market Portfolios The Trustees have approved the participation of the Money Market Portfolios in the U.S. Department of Treasury (the Treasury) Temporary Guarantee Program for Money Market Portfolios (the Program), under which the Treasury will guarantee that shareholders of the Portfolios will receive $10.00 for each share of Money Market and $1.00 for each share of Money Market B held by them as of the close of business on September 19, 2008, in the event that the Portfolios liquidate and the per share value at the time of liquidation is less than $10.00 for Money Market and $1.00 for Money Market B (a Guarantee Event). The Portfolios’ participation in the Program is not certain until its application is reviewed and accepted by the Treasury, which is expected to take some period of time.

Recovery under the Program is subject to certain conditions and limitations, including the following:

• For investors who held shares of the Portfolios on September 19, 2008, the Program provides a guarantee for the lesser of: (a) the number of shares owned by the shareholder at the close of September 19, 2008; or (b) the number of shares owned by the shareholder on the date of a Guarantee Event.

• The guarantee is not available to investors who were not Portfolio shareholders on September 19, 2008. In addition, this guarantee is not available to investors who were Portfolio shareholders on September 19, 2008 but who sold all their Portfolio shares prior to the date of a Guarantee Event.

• The total amount of coverage available for all participants in the Program is limited to the amount of funds available under the Federal Exchange Stabilization Fund at the time of a Guarantee Event (currently approximately $50 billion).

• In order to recover, a Guarantee Event must occur during the term of the Program. Recovery under the Program requires the Portfolios to liquidate.

The Program will be in effect until December 18, 2008. Participation in the Program requires a payment to the U.S. Treasury in the amount of 0.01% of the net asset value of the Portfolios as of September 19, 2008. The Secretary of the Treasury may extend the Program beyond its initial three-month term through the close of business on September 19, 2009. If the Program is extended, the Trustees will consider whether the Portfolios should continue to participate in the Program. Participation in any extension of the Program will require payment of an additional fee, although there can be no assurance that the Portfolios will elect to participate, or be eligible to participate, in any extension of the Program. The cost of participating in the Program and any extension will be borne by the Portfolios, and will not be subject to any expense limitation or reimbursement agreement.

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

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

Date: November 24, 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.

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

Date: November 24, 2008

By: /s/ Charles A. Rizzo
-------------------------------------
Charles A. Rizzo
Chief Financial Officer

Date: November 24, 2008