<SEC-DOCUMENT>0001010521-09-000044.txt : 20130401
<SEC-HEADER>0001010521-09-000044.hdr.sgml : 20130401
<ACCEPTANCE-DATETIME>20090121153312
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001010521-09-000044
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20090121

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HANCOCK JOHN INVESTORS TRUST
		CENTRAL INDEX KEY:			0000759828
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		C/O JOHN HANCOCK FUNDS
		STREET 2:		601 CONGRESS STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210
		BUSINESS PHONE:		617-663-3000

	MAIL ADDRESS:	
		STREET 1:		C/O JOHN HANCOCK FUNDS
		STREET 2:		601 CONGRESS STREET
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HANCOCK JOHN INVESTORS TRUST
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<P align=left><FONT face=serif>January 21, 2009</FONT></P>
<P align=left><U><FONT face=serif>VIA </FONT></U><FONT face=serif><U>EDGAR</U></FONT><BR>
<FONT face=serif>Securities and Exchange Commission</FONT><BR>
<FONT face=serif>100 F Street, NE</FONT><BR>
<FONT face=serif>Washington, DC 20549</FONT><BR>
<FONT face=serif>Attn: Brion R. Thompson, Esq.</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%"><FONT face=serif>Re:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="90%" colSpan=3><FONT face=serif>Proxy Statements on Schedule 14A for the following Funds:</FONT> </TD></TR>
<TR>
     <TD width="98%" colSpan=5>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="74%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><U><FONT face=serif>File </FONT></U><FONT face=serif><U>No.</U></FONT> </TD></TR>
<TR>
     <TD width="6%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="74%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD width="14%"></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Bank and Thrift Opportunity Fund</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-08568</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Bond Trust</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-03006</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock California Tax-Free Income Fund</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-05979</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Capital Series</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-01677</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Current Interest</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-02485</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Equity Trust</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-04079</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Funds III</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-21777</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Income Securities Trust</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-04186</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Investment Trust</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-00560</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Investment Trust II</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-03999</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Investment Trust III</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-04630</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Investors Trust</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-04173</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Municipal Securities Trust</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-05968</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Patriot Premium Dividend Fund II</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-05908</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Preferred Income Fund</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-21131</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Preferred Income Fund II</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-21202</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Preferred Income Fund III</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-21287</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Series Trust</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-03392</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Sovereign Bond Fund</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-02402</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Strategic Series</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-04651</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Tax-Advantaged Dividend Income Fund</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-21416</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Tax-Advantaged Global Shareholder Yield Fund</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-22056</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock Tax-Exempt Series Fund</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-05079</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="82%" colSpan=3>&nbsp;<FONT face=serif>John Hancock World Fund</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="14%"><FONT face=serif>811-04932</FONT> </TD></TR></TABLE><BR>
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<TR>
     <TD noWrap><FONT face=serif>Securities and Exchange Commission</FONT><BR>
<FONT face=serif>January 21, 2009</FONT><BR>
<FONT face=serif>Page 2</FONT><BR>
<BR>
<FONT face=serif>Ladies and Gentlemen:</FONT></TD></TR></TABLE></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>We received comments from the Staff of the Securities and Exchange Commission (the &#147;SEC&#148;), pursuant to a phone conversation on January 15, 2009, regarding each Fund&#146;s preliminary proxy statement on Schedule 14A, which was filed on January 9, 2009.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>We respectfully submit this response letter on behalf of the Funds. We have, for the Staff&#146;s convenience, repeated below the comments that we received, followed immediately by the firm&#146;s response as Fund counsel. Unless otherwise noted, all comments and responses summarized below apply to all of the Funds. The Funds intend to file definitive proxy statements including the following responses as soon as practicable.</FONT></P>
<P align=left><B><U><FONT face=serif>Comment:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>Please state whether the funds will file a separate Notice regarding Internet availability of proxy materials and when this will be done, or whether the funds will include a prominent Notice legend within the proxy statement.</FONT></P>
<P align=left><B><U><FONT face=serif>Response:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>In response to the staff&#146;s comment, all of the Funds will include the following prominent notice legend in bold type within the proxy statements, which will be included in the filing of the Funds&#146; definitive proxy statements:</FONT></P>
<P align=center><B><FONT face=serif>Important Notice Regarding the Availability of Proxy Materials for</FONT></B><BR>
<B><FONT face=serif>the Shareholder Meeting to be Held on April [14/16], 2009.</FONT></B><BR>
<BR>
<B><FONT face=serif>The proxy statement is available at _______________.com.</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>In addition, certain Funds may file a separate Notice for use with certain shareholders of those Funds, as contemplated by Exchange Act Release No. 34-56135 (July 27, 2007). Any such Notice will be filed as additional solicitation material.</FONT></P>
<P align=left><B><U><FONT face=serif>Comment:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>Regarding the advisory agreement proposals, if the funds' overall expenses may increase as a result, provide a pro forma comparison of expenses. Alternatively, disclose affirmatively that the revised agreement will not materially increase the funds' overall expense ratios.</FONT></P>
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<P align=left><FONT face=serif>Securities and Exchange Commission</FONT><BR>
<FONT face=serif>January 21, 2009</FONT><BR>
<FONT face=serif>Page 3</FONT></P>
<P align=left><B><U><FONT face=serif>Response:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>In response to the staff&#146;s comment, each proxy statement will disclose that the revised agreement will not materially increase the Funds' overall expense ratios. In this regard, various statements regarding the effect of the revised agreement on the Funds&#146; overall expenses will be amended to read as follows:</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=122>&nbsp;</TD>
     <TD noWrap><FONT face=serif>The revisions to the Advisory Agreement will not result in</FONT><BR>
<FONT face=serif>any change in advisory fee rates or the level or quality of</FONT><BR>
<FONT face=serif>advisory services provided to the Funds, and will not</FONT><BR>
<FONT face=serif>materially increase the Funds&#146; overall expense ratios.</FONT></TD></TR></TABLE></P>
<P align=left><B><U><FONT face=serif>Comment:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>Please clarify that a vote to abstain by a Fund&#146;s shareholder is considered a vote against proposals that require a &#147;majority of the outstanding voting securities&#148; (as defined in the Investment Company Act of 1940, as amended) of the Fund.</FONT></P>
<P align=left><B><U><FONT face=serif>Response:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>In response to the staff&#146;s comment, the requested change will be made. In this regard, references to the treatment of abstentions will be amended to state generally as follows:</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=122></TD>
     <TD noWrap><FONT face=serif>Abstentions will have the same effect as a vote &#147;against&#148; a</FONT><BR>
<FONT face=serif>proposal.</FONT></TD></TR></TABLE></P>
<P align=left><B><U><FONT face=serif>Comment:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>With respect to the closed-end Funds, disclose how the costs of the meeting, including the solicitation of proxies, will be allocated among those Funds.</FONT></P>
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<P align=left><FONT face=serif>Securities and Exchange Commission</FONT><BR>
<FONT face=serif>January 21, 2009</FONT><BR>
<FONT face=serif>Page 4</FONT></P>
<P align=left><B><U><FONT face=serif>Response:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>In response to the staff&#146;s comment, the proxy statement of each closed-end Fund will be revised to include the following statement:</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=122>&nbsp;</TD>
     <TD noWrap><FONT face=serif>The costs of the meeting, other than the solicitation of</FONT><BR>
<FONT face=serif>proxies, will be allocated on a pro rata basis based on each</FONT><BR>
<FONT face=serif>fund&#146;s assets. The costs for the solicitation of proxies will</FONT><BR>
<FONT face=serif>be borne equally by each fund, as detailed below. . . .</FONT><BR>
<FONT face=serif>Mellon Investor Services LLC has been retained to assist</FONT><BR>
<FONT face=serif>in the solicitation of proxies at a cost of approximately</FONT><BR>
<FONT face=serif>$______ per fund plus reasonable expenses.</FONT></TD></TR></TABLE></P>
<P align=left><B><U><FONT face=serif>Comment:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>Please provide more particular details about the Board's specific conclusions on the various factors in the discussion of the approval of the advisory agreements.</FONT></P>
<P align=left><B><U><FONT face=serif>Response:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>In response to the staff&#146;s comment, we have substantially expanded the disclosure of each Board&#146;s specific conclusions in the manner set forth in Attachment A to this letter. The additional disclosure is set forth in bold.</FONT></P>
<P align=left><B><U><FONT face=serif>Comment:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>For the John Hancock Tax-Advantaged Dividend Income Fund (&#147;Tax-Advantaged Dividend&#148;), disclose the subadvisory fee rate payable to Analytic Investors, Inc. (&#147;Analytic&#148;) in the discussion of the proposal and in the attached form of subadvisory agreement.</FONT></P>
<P align=left><B><U><FONT face=serif>Response:</FONT></U></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>In response to the staff&#146;s comment, the specific fee rate disclosure will be added. In this regard, the statement concerning the proposed subadvisory fee will be amended as follows:</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=122>&nbsp;</TD>
     <TD noWrap><FONT face=serif>As compensation for its services to Tax-Advantaged</FONT><BR>
<FONT face=serif>Dividend, Analytic will receive a fee from the Adviser at</FONT><BR>
<FONT face=serif>an annual rate of 0.10% of the value of the fund&#146;s average</FONT><BR>
<FONT face=serif>daily managed assets that are subject to written call</FONT><BR>
<FONT face=serif>options.</FONT></TD></TR></TABLE></P>
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<TR>
     <TD noWrap><FONT face=serif>Securities and Exchange Commission</FONT><BR>
<FONT face=serif>January 21, 2009</FONT><BR>
<FONT face=serif>Page 5</FONT></TD></TR></TABLE></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>In addition, the subadvisory fee rate for Analytic will be clearly indicated in Schedule A to the form of subadvisory agreement with Analytic, which is included in the proxy statement for Tax-Advantaged Dividend at Attachment 9.</FONT></P>
<P align=left><B><U><FONT face=serif>General </FONT></U></B><B><FONT face=serif><U>Comments and Responses Thereto</U></FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>It was requested that each Fund provide the following representations in its response to comments:</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"></TD>
     <TD noWrap align=left width="95%" colSpan=3><FONT face=serif>In connection with this filing, each Fund acknowledges that:</FONT> </TD></TR>
<TR>
     <TD width="4%"></TD>
     <TD width="95%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"></TD>
     <TD noWrap align=left width="5%"><FONT face=serif>1.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="88%"><FONT face=serif>The Fund is responsible for the adequacy and accuracy of the disclosure in the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"></TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="88%"><FONT face=serif>filing;</FONT> </TD></TR>
<TR>
     <TD width="4%"></TD>
     <TD width="95%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"></TD>
     <TD noWrap align=left width="5%"><FONT face=serif>2.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="88%"><FONT face=serif>Staff comments or changes to disclosure in response to staff comments in the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"></TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="88%"><FONT face=serif>filing reviewed by the staff do not foreclose the SEC from taking any action</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"></TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="88%"><FONT face=serif>with respect to the filing; and</FONT> </TD></TR>
<TR>
     <TD width="4%"></TD>
     <TD width="95%" colSpan=3>&nbsp; </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"></TD>
     <TD noWrap align=left width="5%"><FONT face=serif>3.</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="88%"><FONT face=serif>The Fund may not assert staff comments as a defense in any proceeding</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"></TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="88%"><FONT face=serif>initiated by the SEC or any person under the federal securities laws of the</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="4%"></TD>
     <TD noWrap align=left width="5%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="88%"><FONT face=serif>United States.</FONT> </TD></TR></TABLE><BR>
<P align=center>
<TABLE>
<TR>
     <TD noWrap align=center><FONT face=serif>* * * * *</FONT></TD></TR></TABLE></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>As previously noted, we intend to file definitive copies of the proxy statements to the SEC staff, including the responses outlined above, once the staff&#146;s comments are resolved. We appreciate your continued cooperation in preparing these proxy statements.</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=serif>Thank you for your prompt attention to these matters. If you have any questions, please call me at (617) 261-3240 or Mark P. Goshko at (617) 261-3163.</FONT></P>
<P align=left>
<TABLE>
<TR>
     <TD width=422>&nbsp;</TD>
     <TD noWrap><FONT face=serif>Sincerely,</FONT><BR>
<U><FONT face=serif>/s/ </FONT></U><FONT face=serif><U>George P. Attisano</U></FONT><BR>
<FONT face=serif>George P. Attisano</FONT></TD></TR></TABLE></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%"><FONT face=serif>Cc:</FONT> </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="78%"><FONT face=serif>Thomas M. Kinzler</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="78%"><FONT face=serif>Alfred P. Ouellette</FONT> </TD></TR>
<TR>
     <TD noWrap align=left width="19%"></TD>
     <TD width="2%"></TD>
     <TD noWrap align=left width="78%"><FONT face=serif>David D. Barr</FONT> </TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="19%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="78%"><FONT face=serif>Mark P. Goshko</FONT> </TD></TR></TABLE><BR>
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     <TD noWrap align=center><B><FONT face=serif size=2>ATTACHMENT A</FONT></B><BR>
<BR>
<B><FONT face=serif size=2>JOHN HANCOCK FUNDS</FONT></B></TD></TR></TABLE></P>
<P align=center><B><FONT face=serif size=2>EVALUATION BY EACH BOARD OF NEW FORM OF ADVISORY AGREEMENT</FONT></B></P>
<P align=left><FONT face=serif size=2>At its meeting on December 8-9, 2008, each Board, including all the Independent Trustees, approved the proposed new form of Advisory Agreement for the Funds under Proposal ___.</FONT></P>
<P align=left><FONT face=serif size=2>Each Board, including the Independent Trustees, is responsible for selecting a Fund&#146;s investment adviser, approving the Adviser&#146;s selection of Fund subadvisers and approving </FONT><FONT face=serif color=#221e1f size=2>that Fund</FONT><FONT face=serif size=2>&#146;s advisory and subadvisory agreements, their periodic continuation and any amendments.</FONT></P>
<P align=left><FONT face=serif size=2>Consistent with SEC rules, a Board regularly evaluates </FONT><FONT face=serif color=#221e1f size=2>a Fund</FONT><FONT face=serif size=2>&#146;s advisory and subadvisory arrangements, including consideration of the factors listed below. A Board may also consider other factors (including conditions and trends prevailing generally in the economy, the securities markets and the industry) and does not treat any single factor as determinative, and each Trustee may attribute different weights to different factors. Each Board is furnished with an analysis of its fiduciary obligations in connection with its evaluation and, throughout the evaluation process, a Board is assisted by counsel for </FONT><FONT face=serif color=#221e1f size=2>a Trust </FONT><FONT face=serif size=2>and the Independent Trustees are also separately assisted by independent legal counsel. The factors considered by a Board are:</FONT></P>
<UL>
<LI><FONT face=serif size=2>the nature, extent and quality of the services to be provided by the Adviser to the Funds;</FONT>
<LI><FONT face=serif size=2>the investment performance of the Funds;</FONT>
<LI><FONT face=serif size=2>the extent to which economies of scale would be realized as a Fund grows and whether fee levels</FONT> <FONT face=serif size=2>reflect these economies of scale for the benefit of shareholders of the Fund;</FONT>
<LI><FONT face=serif size=2>the costs of the services to be provided and the profits to be realized by the Adviser (including any</FONT> <FONT face=serif size=2>subadvisers affiliated with the Adviser) and its affiliates from the Adviser&#146;s relationship with </FONT><FONT face=serif color=#221e1f size=2>a Fund</FONT><FONT face=serif size=2>;</FONT> <FONT face=serif size=2>and</FONT>
<LI><FONT face=serif size=2>comparative services rendered and comparative advisory fee rates.</FONT> </LI></UL>
<P align=left><FONT face=serif size=2>Each Board believes that information relating to all these factors is relevant to its evaluation of </FONT><FONT face=serif color=#221e1f size=2>a Fund</FONT><FONT face=serif size=2>&#146;s advisory agreements.</FONT></P>
<P align=left><B><FONT face=serif size=2>June 2008 Meeting</FONT></B></P>
<P align=left><B><FONT face=serif size=2>At its meeting on June 10, 2008, the Board approved the annual continuation of the Advisory Agreements and considered each of the factors listed above. With respect to each Fund, a discussion of the basis of the Board&#146;s approval of the Advisory Agreements and its consideration of such factors at that meeting is available in the shareholder report for the fiscal six month period during which the approval took place. Each such report was mailed to shareholders of </FONT></B><B><FONT face=serif color=#221e1f size=2>the relevant Fund </FONT></B><B><FONT face=serif size=2>on or about two months after the relevant six month period. A copy of the report may be obtained by calling 1-800-225-5291 (TDD &#150; 1-800-554-6713) or by writing to </FONT></B><B><FONT face=serif color=#221e1f size=2>the Trust </FONT></B><B><FONT face=serif size=2>at 601 Congress Street, Boston, Massachusetts 02210, Attn.: Gordon M. Shone, and is also available on the Internet at jhfunds.com.</FONT></B></P>
<P align=left><B><FONT face=serif size=2>In evaluating the advisory agreements at its meeting on June 10, 2008, the Board reviewed a broad range of information requested for this purpose. This information included:</FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD vAlign=top noWrap><B><FONT face=serif size=2>(i)</FONT></B>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=serif size=2>the investment performance of each Fund relative to a category of relevant funds (the Category) and a peer group of comparable funds (the Peer Group). The funds within each Category and Peer Group were selected by Morningstar Inc. (Morningstar), an independent provider of</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=center><FONT face=serif size=2>A-1</FONT></P>
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<TABLE cellSpacing=0 cellPadding=0 border=0>
<TR>
     <TD>&nbsp;</TD>
     <TD width="100%"><B><FONT face=serif size=2>investment company data. Data typically covered the period since each Fund&#146;s inception through December 31, 2007;</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><B><FONT face=serif size=2>(ii)</FONT></B>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=serif size=2>advisory and other fees incurred by, and the expense ratios of, each Fund relative to a Category and a Peer Group;</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><B><FONT face=serif size=2>(iii)</FONT></B>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=serif size=2>the advisory fees of comparable portfolios of other clients of the Adviser;</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><B><FONT face=serif size=2>(iv)</FONT></B>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=serif size=2>the Adviser&#146;s financial results and condition, including its and certain of its affiliates&#146; profitability from services performed for the Funds;</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><B><FONT face=serif size=2>(v)</FONT></B>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=serif size=2>breakpoints in each Fund&#146;s and the Peer Group&#146;s fees, and information about economies of scale;</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><B><FONT face=serif size=2>(vi)</FONT></B>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=serif size=2>the Adviser&#146;s record of compliance with applicable laws and regulations, with the Fund&#146;s investment policies and restrictions, and with the applicable Code of Ethics, and the structure and responsibilities of the Adviser&#146;s compliance department;</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><B><FONT face=serif size=2>(vii)</FONT></B>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=serif size=2>the background and experience of senior management and investment professionals; and</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top noWrap><B><FONT face=serif size=2>(viii)</FONT></B>&nbsp; &nbsp; &nbsp; </TD>
     <TD width="100%"><B><FONT face=serif size=2>the nature, cost and character of advisory and non-investment management services provided by the Adviser and its affiliates.</FONT></B> </TD></TR>
<TR>
     <TD colSpan=2>&nbsp;</TD></TR></TABLE>
<P align=left><B><FONT face=serif size=2>The key factors considered by the Board and the conclusions reached are described below.</FONT></B></P>
<P align=left><B><I><FONT face=serif size=2>Nature, extent and quality of services</FONT></I></B></P>
<P align=left><B><FONT face=serif size=2>The Board considered the ability of the Adviser, based on its resources, reputation and other attributes, to attract and retain qualified investment professionals, including research, advisory, and supervisory personnel. The Board considered the investment philosophy, research and investment decision-making processes of the Adviser. The Board considered the Adviser&#146;s execution of its oversight responsibilities. The Board further considered the culture of compliance, resources dedicated to compliance, compliance programs and compliance records of the Adviser. In addition, the Board took into account the non-advisory services provided to the Fund by the Adviser and its affiliates.</FONT></B></P>
<P align=left><B><FONT face=serif size=2>Based on the above factors, together with those referenced below, the Board concluded that, within the context of its full deliberations, the nature, extent and quality of the investment advisory services provided to the Fund by the Adviser supported renewal of the advisory agreements.</FONT></B></P>
<P align=left><B><I><FONT face=serif size=2>Fund performance</FONT></I></B></P>
<P align=left><B><FONT face=serif size=2>The Board considered each Fund&#146;s performance results in comparison to the performance of the Category, as well as the Fund&#146;s Peer Group and benchmark index. The Board reviewed the methodology used by Morningstar to select the funds in the Category and the Peer Group.</FONT></B></P>
<P align=left><B><FONT face=serif size=2>The Board concluded that each Fund&#146;s investment process and particular investments seemed consistent with the Fund&#146;s investment objectives, strategy and style.</FONT></B></P>
<P align=left><B><I><FONT face=serif size=2>Investment advisory fee rates and expenses</FONT></I></B></P>
<P align=left><B><FONT face=serif size=2>The Board reviewed and considered the contractual investment advisory fee rate payable by each Fund to the Adviser for investment advisory services in comparison to the advisory fees for the Peer Group.</FONT></B></P>
<P align=left><B><FONT face=serif size=2>The Board received and considered expense information regarding each Fund&#146;s various components, including advisory fees, distribution and fees other than advisory and distribution fees, including transfer</FONT></B></P>
<P align=center><FONT face=serif size=2>A-2</FONT></P>
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<P align="left">
<B><FONT size=2 face="serif">agent fees, custodian fees, and other miscellaneous fees (e.g., fees for accounting and legal services). The Board considered comparisons of these expenses to the Peer Group median. The Board also received and considered
expense information regarding each Fund&#146;s total operating expense ratio and net expense ratio after waivers and reimbursements. With respect to certain Funds, the Board favorably considered the impact of fee waivers towards ultimately lowering
the Funds&#146; total operating expense ratios.</FONT></B></P>
<P align="left">
<B><FONT size=2 face="serif">The Adviser also discussed the Morningstar data and rankings, and other relevant information, for each Fund. Based on the above-referenced considerations and other factors, the Board concluded that the Fund&#146;s
overall expenses supported the re-approval of the advisory agreements.</FONT></B></P>
<P align="left">
<B><I><FONT size=2 face="serif">Profitability</FONT></I></B></P>
<P align="left">
<B><FONT size=2 face="serif">The Board received and considered a detailed profitability analysis of the Adviser based on the advisory agreements, as well as on other relationships between the Funds and the Adviser and its affiliates. The Board also
considered a comparison of the Adviser&#146;s profitability to that of other similar investment advisers whose profitability information is publicly available. The Board concluded that, in light of the costs of providing investment management and
other services to the Funds, the profits and other ancillary benefits reported by the Adviser were not unreasonable.</FONT></B></P>
<P align="left">
<B><I><FONT size=2 face="serif">Economies of scale</FONT></I></B></P>
<P align="left">
<B><FONT size=2 face="serif">The Board received and considered general information regarding economies of scale with respect to the management of each Fund, including the Fund&#146;s ability to appropriately benefit from economies of scale under the
Fund&#146;s fee structure. The Board recognized the inherent limitations of any analysis of economies of scale, stemming largely from the Board&#146;s understanding that most of the Adviser&#146;s costs are not specific to individual Funds, but
rather are incurred across a variety of products and services.</FONT></B></P>
<P align="left">
<B><I><FONT size=2 face="serif">Information about services to other clients</FONT></I></B></P>
<P align="left">
<B><FONT size=2 face="serif">The Board also received information about the nature, extent and quality of services and fee rates offered by the Adviser to their other clients, including other registered investment companies, institutional investors
and separate accounts. The Board concluded that each Fund&#146;s advisory fees were not unreasonable, taking into account fee rates offered to others by the Adviser, after giving effect to differences in services.</FONT></B></P>
<P align="left">
<B><I><FONT size=2 face="serif">Other benefits to the Adviser</FONT></I></B></P>
<P align="left">
<B><FONT size=2 face="serif">The Board received information regarding potential &#147;fall-out&#148; or ancillary benefits received by the Adviser and its affiliates as a result of their relationship with the Funds. Such benefits could include,
among others, benefits directly attributable to the relationship of the Adviser with the Fund and benefits potentially derived from an increase in business of the Adviser as a result of their relationship with the Fund (such as the ability to market
to shareholders other financial products offered by the Adviser and its affiliates).</FONT></B></P>
<P align="left">
<B><FONT size=2 face="serif">The Board also considered the effectiveness of the Adviser&#146;s and the Funds&#146; policies and procedures for complying with the requirements of the federal securities laws, including those relating to best execution
of portfolio transactions and brokerage allocation.</FONT></B></P>
<P align="left">
<B><I><FONT size=2 face="serif">Other factors and broader review</FONT></I></B></P>
<P align="left">
<B><FONT size=2 face="serif">As discussed above, the Board reviewed detailed materials received from the Adviser as part of the annual re-approval process. The Board also regularly reviews and assesses the quality of the services that the Fund
receives throughout the year. In this regard, the Board reviews reports of the Adviser at least quarterly, which include, among other things, fund performance reports and compliance reports.</FONT></B></P>
<P align="center">
<FONT size=2 face="serif">A-3</FONT></P>

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<P align="left">
<B><FONT size=2 face="serif">In addition, the Board meets with portfolio managers and senior investment officers at various times throughout the year.</FONT></B></P>
<P align="left">
<B><FONT size=2 face="serif">December 2008 Meeting</FONT></B></P>
<P align="left">
<FONT size=2 face="serif">In approving the proposed new form of Advisory Agreement at the December 8-9, 2008 meeting, each Board determined that it was appropriate to rely upon its recent consideration at its June 10, 2008 meeting of such factors
as: fund performance; the realization of economies of scale; profitability of the Advisory Agreement to the Adviser; and comparative advisory fee rates (as well as its conclusions with respect to those factors). Each Board noted that it had, at the
June 10, 2008 meeting, concluded that these factors, taken as a whole, supported the continuation of the Advisory Agreement. Each Board, at the December 8-9, 2008 meeting, revisited particular factors to the extent relevant to the proposed new form
of Agreement. In particular, each Board noted the skill and competency of the Adviser in its past management of </FONT><FONT color="#221e1f" size=2 face="serif">each Fund</FONT><FONT size=2 face="serif">&#146;s affairs and subadvisory relationships,
the qualifications of the Adviser&#146;s personnel who perform services for </FONT><FONT color="#221e1f" size=2 face="serif">each Trust </FONT><FONT size=2 face="serif">and the Funds, including those who served as officers of </FONT><FONT color="#221e1f" size=2 face="serif">each Trust</FONT><FONT size=2 face="serif">, and the high level and quality of services that the Adviser may reasonably be expected to continue to provide the Funds and concluded that the Adviser may reasonably be
expected to perform its services ably under the proposed new form of Advisory Agreement. Each Board also took into consideration the extensive analysis and effort undertaken by a working group comprised of a subset of the Board&#146;s Independent
Trustees, which met several times, both with management representatives and separately, to evaluate the proposals described here, prior to the Board&#146;s December 8-9, 2008 meeting. Each Board considered with respect to Proposal ___ the
differences between the current Advisory Agreement and proposed new form of Agreement, as described above and agreed that the new Advisory Agreement structure would more clearly delineate the Adviser&#146;s duties under each agreement by separating
the Adviser&#146;s non-advisory functions from its advisory functions. The enhanced delineation is expected to facilitate oversight of the Adviser&#146;s advisory and non-advisory activities without leading to any material increase in the
Funds&#146; overall expense ratios.</FONT></P>
<P align="center">
<FONT size=2 face="serif">A-4</FONT></P>

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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
