John Hancock Funds

Richard S. Pzena is Chairman, Chief Executive Officer, and Co-Chief Investment Officer. Prior to forming Pzena Investment Management, LLC in 1995, Mr. Pzena was the Director of U.S. Equity Investments and Chief Research Officer for Sanford C. Bernstein & Company. Mr. Pzena joined Sanford C. Bernstein & Company in 1986 as an oil industry analyst and was named to the Institutional Investor All America Research Team from 1988 to 1990. During 1990 and 1991, Mr. Pzena served as Chief Investment Officer, Small Cap Equities, and assumed his broader domestic equity role in 1991. Prior to joining Bernstein, Mr. Pzena worked for the Amoco Corporation in various financial and planning roles. He earned a BS summa cum laude and an MBA from the Wharton School of the University of Pennsylvania in 1979 and 1980, respectively.

Barry Evans is the chief investment officer, global fixed income & country head, U.S. at MFC Global Investment Management and the president and chief operating officer at MFC Global Investment Management (U.S.), LLC. Barry is responsible for all U.S. and international fixed income strategies managed by MFC GIM, some of which incorporate exposure to high yield and emerging market debt asset classes. He is a member of the firm's Senior Investment Policy Committee. Barry began his career in the financial industry in 1986 when he joined John Hancock Advisers, the sister firm of MFC GIM (U.S.).

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John Iles is a vice president and portfolio manager at MFC Global Investment Management (U.S.), LLC, a wholly owned subsidiary of John Hancock Financial Services, Inc. Mr. Iles specializes in high yield bonds and his work supports several fixed-income fund strategies. Prior to joining John Hancock in 1999, Mr. Iles was an institutional bond sales trader at SBC Warburg Dillon Read where he specialized in high-yield securities. Before that, he worked for Furman Selz-ING as an institutional bond sales trader. Mr. Iles began his investment career in 1995. He is a former CPA and holds a B.S. in accounting from Boston College.

George Fraise is a principal and portfolio manager of Sustainable Growth Advisers, LP. He is also a member of the Investment Policy Committee and co-founder of the firm. Prior to founding Sustainable Growth Advisers in 2003, Mr. Fraise was executive vice president and portfolio manager and a member of the Investment Policy Committee of Yeager, Wood and Marshall, Inc. Previously, Mr. Fraise was a portfolio manager for Scudder Kemper Investments. Mr. Fraise also held senior analyst positions with Smith Barney and Chancellor Capital Management. He began his investment career in 1987 with Drexel Burnham Lambert. Mr. Fraise earned a B.A. from Trinity College and holds an M.B.A. in finance and international business from New York University.

Robert Rohn is a principal and portfolio manager of Sustainable Growth Advisers, LP. He is also a member of the Investment Policy Committee and co-founder of the firm. Prior to founding Sustainable Growth Advisers in 2003, Mr. Rohn managed over $1 billion of large capitalization, high-quality growth stock portfolios at W.P. Stewart & Co. During his twelve-year tenure with W.P. Stewart, he was an analyst and portfolio manager, held the positions of chairman of the board and chief executive officer of W.P. Stewart Inc., the company's core U.S. investment business, and served as chairman of the firm's management committee. From 1988 through 1991, Mr. Rohn was with Yeager, Wood & Marshall, a growth-oriented investment counseling firm, where he served as vice president and a member of the Investment Policy Committee, with responsibilities in equity analysis and portfolio management. He began his career in 1983 at Morgan Guarantee Trust Company, where he was an officer of the bank in Corporate Finance. He holds a B.A. from Dartmouth College and an M.B.A from Harvard Business School.

Charles Glovsky, CFA, is director of Small Cap Strategies, a senior portfolio manager and principal at Independence Investment LLC. Mr. Glovsky has been in the industry since 1979. Prior to joining Independence in 2000, he worked for Dewey Square Investors, Glovsky-Brown Capital Management, State Street Research & Management, Alex Brown & Sons, and Eppler, Guerin & Turner. Mr. Glovsky has a B.A. from Dartmouth College and an M.B.A. from Stanford University. He is also a member of the Independence Investment Committee, the CFA Institute and the Boston Security Analysts Society.

Arthur Calavritinos, CFA, is a senior vice president and portfolio manager at MFC Global Investment Management (U.S.), LLC, a wholly owned subsidiary of John Hancock Financial Services, Inc. Mr. Calavritinos is also responsible for coverage of the industrial group for Sovereign Asset Managment's fixed-income funds. His areas of expertise include airlines, oil, gas and steel. Before joining John Hancock in July 1988, Mr. Calavritinos worked at BancBoston Capital, a mezzanine finance subsidiary of Bank of Boston. Mr. Calavritinos holds a B.S. and an M.S. in finance from Boston College. He is a member of the Boston Security Analysts Society.

Gordon Marchand is a principal and portfolio manager of Sustainable Growth Advisers, LP. He is also a member of the Investment Policy Committee and co-founder of the firm. Prior to founding Sustainable Growth Advisers in 2003, Mr. Marchand was an officer, director and a member of the Investment Policy Committee of Yeager, Wood and Marshall, Inc. Mr. Marchand joined Yeager, Wood & Marshall in 1984. Earlier in his career, Mr. Marchand was a manager with the management consulting service group at PricewaterhouseCoopers and a CPA with Grant Thornton International. Mr. Marchand earned a B.A. from Georgetown University and holds an M.B.A. from the University of Massachusetts.

Gregory Phelps is a senior vice president and portfolio manager of Sovereign Asset Management LLC, a wholly owned subsidiary of John Hancock Financial Services, Inc. Mr. Phelps joined John Hancock in 1995 and has worked as an investment professional since 1989. Previously, Mr. Phelps was a vice president and portfolio manager at Spectrum Asset Management. Prior to joining John Hancock, he was a supervisor of stock transfer at U.S. Surgical Corp. and director of corporate relations at the American Stock Exchange. Mr. Phelps holds a B.A. in economics from Clark University and an M.B.A. from the University of Connecticut.

Jon Stephenson, CFA is a portfolio manager for MFC Global Investment Management (U.S.), LLC, a wholly owned subsidiary of John Hancock Financial Services, Inc. Prior to joining John Hancock in 2007, he was a senior research analyst at Summer Street Research Partners, an institutional firm specializing in health care research. Prior to that, he worked at State Street Research & Management where he ultimately served as a research analyst in the health care sector. He is a Chartered Financial Analyst and earned a B.A. from Bucknell University.

Joseph Marguy is a portfolio manager for MFC Global Investment Management (U.S.), LLC, a wholly owned subsidiary of John Hancock Financial Services, Inc. Prior to his current role as portfolio manager, he worked as a research officer providing dedicated research for the Financial Institutions team with a focus on real estate. Mr. Marguy has also worked as an investment analyst with the Risk Management Group. Prior to joining John Hancock in 1999, he worked at Chase Global Funds Services. He holds a B.S. in business administration from Bryant College.

Juanita Seavoy is Office Manager for John Hancock Funds, Inc. Previously, she was Vice President for OPPORTUNITY International. Her interest in serving the poor began when she did research work in Mexico for the University of Illinois. She also worked as Development Director for Riverwoods Center serving the poor of the Fox River valley. As an entrepreneur, Juanita started and then sold her own decorating business.

Pauline Dan, CFA, is senior portfolio manager of MFC Global Investment Management, where she is responsible for all Greater China and Hong Kong equity portfolios. Ms. Dan joined MFC Global in 2004 and has over 14 years of experience in investment management. Most recently, she was a portfolio manager at I.G. Investment Management (Hong Kong) Limited where she was responsible for the management of Pan Asian mandates with an emphasis on Greater China, along with Asian financial services and small-cap companies. Prior to that, she held the position of senior investment manager with Carlson Investment Management where she was responsible for Greater China and Thailand portfolios for institutional and mutual fund clients. Ms. Dan has a B.A. in economics from the University of California, and an M.B.A. from California State University. She is fluent in English, Mandarin and Cantonese.

Susan Curry is a portfolio manager for Sovereign Asset Management LLC, a wholly owned subsidiary of John Hancock Financial Services, Inc. Prior to her current role as portfolio manager, she worked as a research officer providing dedicated research for the Financial Institutions team. She has also worked as a portfolio officer and a senior product manager. Prior to joining John Hancock in 1998 Ms. Curry worked at Fidelity Investments as a research analyst. Ms. Curry holds a B.A. degree in economics from the University of Massachusetts at Amherst and a M.S. in finance from Brandeis University.

Van Kampen, together with its affiliated asset management companies, has approximately $112 billion in assets under management as of May 31, 2006 and is recognized as one of the world's premier global investment managers. With a network of investment professionals located in offices worldwide, the combined firm serves endowments, pension funds, corporations and other institutions, as well as international organizations and individuals. Morgan Stanley Investment Management Inc., does business in certain instances using the name Van Kampen.

William H. Cunningham, Ph.D., has served as a member of our Board of Directors since July 2000. Dr. Cunningham served as Chancellor and Chief Executive Officer of The University of Texas System from 1992 to 2000, in addition to holding the Lee Hage and Joseph D. Jamail Regents Chair in Higher Education Leadership. He served as President of The University of Texas at Austin, a component institution of the University of Texas System, from 1985 to 1992. He is currently a Professor of Marketing at The University of Texas at Austin. Dr. Cunningham serves on a number of public commissions, private corporate boards and in a number of advisory roles to corporations. Dr. Cunningham serves on the board of directors of John Hancock Advisers, Inc. and John Hancock Funds II and III. He also serves on the board of directors of Lincoln National Corporation, Southwest Airlines, Inc., LIN Television Corporation and Hayes Lemmerz International, Inc., each of which is a publicly-traded corporation. Dr. Cunningham received his Ph.D. and M.B.A. from Michigan State University. In 1993, he received an Honorary Doctor of Laws Degree and the Distinguished Alumnus Award from Michigan State University.