<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JOHN
HANCOCK VARIABLE SERIES TRUST I ANNUAL REPORT DATED DECEMBER 31, 1998 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 03
   <NAME> MONEY MARKET
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                          370,722
<INVESTMENTS-AT-VALUE>                         370,722
<RECEIVABLES>                                   24,540
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 395,262
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           67
<TOTAL-LIABILITIES>                                 67
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       395,195
<SHARES-COMMON-STOCK>                           39,519
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   395,195
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               16,754
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     916
<NET-INVESTMENT-INCOME>                         15,838
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           15,838
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (15,838)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         38,622
<NUMBER-OF-SHARES-REDEEMED>                   (23,631)
<SHARES-REINVESTED>                              1,584
<NET-CHANGE-IN-ASSETS>                         165,752
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              749
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    916
<AVERAGE-NET-ASSETS>                           299,376
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.53
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                            (0.53)
<PER-SHARE-DISTRIBUTIONS>                        00.00
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.00
<EXPENSE-RATIO>                                   0.31
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>