John Hancock Selects J.P. Morgan For Separately Managed Account Administration

New York, October 23, 2007 -- John Hancock Private Client Group has selected JPMorgan to provide separately managed account administration for the more than $1.6 billion in assets the firm manages.

JPMorgan Managed Account Solutions will provide John Hancock Private Client Group (JH PCG) with a variety of services to automate back office functions for their 5,000 separately managed accounts (SMAs). The JPMorgan services will include: shadow accounting, account reconciliation, account maintenance, performance calculation and trading. These services allow asset managers to reduce risk, streamline processes and improve services to their customers.

JPMorgan's extensive suite of services is fully integrated and available through a single Web-based interface based on JPMorgan proprietary applications and the Vestmark platform. This state-of-the art technology allows firms to efficiently manage existing client accounts and easily expand services for new clients and partners.

"The John Hancock Private Client Group joins the growing number of firms that understand the benefits of outsourcing separately managed account administration," said Scot G. Knight of JPMorgan's Managed Account Solutions Group. "We are delighted that they chose us to be their first and only SMA outsource provider."

JPMorgan is a leading provider of managed accounts outsourcing solutions. The firm offers services specifically designed to allow investment managers and sponsors to outsource their operational and administrative SMA infrastructure. The full-service platform also provides account workflow, reconciliation, trade support, straight-through-processing, all in a highly compliant environment.

For more information about JPMorgan's Managed Account Solutions go to www.jpmorgan.com/visit/SMA

About John Hancock Private Client Group
Founded in 1991, the Private Client Group at John Hancock Funds manages more than $1 billion in assets. John Hancock Private Client Group offers separate account portfolios that are professionally managed according to investment strategies that have been created by the various investment management teams. The John Hancock Private Client Group offers an array of investment strategies to high net worth investors primarily through wirehouses and brokerages.

About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $15.2 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services. For more information, please visit www.jpmorgan.com/wss.

About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 countries. JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.