497 1 supp.txt JOHN HANCOCK TAX-EXEMPT SERIES Supplement to the John Hancock Tax-Free Income Funds Prospectus dated January 1, 2003 John Hancock California Tax-Free Income Fund John Hancock High Yield Municipal Bond Fund John Hancock Massachusetts Tax-Free Income Fund John Hancock New York Tax-Free Income Fund John Hancock Tax-Free Bond Fund The "Portfolio Managers" section for each fund has been deleted and replaced with the following: James T. Colby, III Joined fund team in 2003 Dianne Sales, CFA Joined fund team in 1995 On page 22, the following Management Biography has been added: James T. Colby, III Vice president Joined John Hancock Advisers in 2003 Old Harbor Capital Management, LLC (2000-2003) Evergreen Investment Management (1992-2000) Began business career in 1980 July 31, 2003