<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> 21
   <NAME> BOND INDEX
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   8-MOS
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-START>                             MAY-01-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                           26,650
<INVESTMENTS-AT-VALUE>                          27,736
<RECEIVABLES>                                      551
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  28,287
<PAYABLE-FOR-SECURITIES>                           282
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            4
<TOTAL-LIABILITIES>                                286
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        27,543
<SHARES-COMMON-STOCK>                            2,748
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           458
<NET-ASSETS>                                    28,001
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                1,160
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      71
<NET-INVESTMENT-INCOME>                          1,089
<REALIZED-GAINS-CURRENT>                           267
<APPREC-INCREASE-CURRENT>                          458
<NET-CHANGE-FROM-OPS>                            1,814
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (1,089)
<DISTRIBUTIONS-OF-GAINS>                         (267)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,623
<NUMBER-OF-SHARES-REDEEMED>                        (8)
<SHARES-REINVESTED>                                133
<NET-CHANGE-IN-ASSETS>                          28,001
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               27
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    127
<AVERAGE-NET-ASSETS>                            26,307
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.42
<PER-SHARE-GAIN-APPREC>                           0.29
<PER-SHARE-DIVIDEND>                            (0.42)
<PER-SHARE-DISTRIBUTIONS>                       (0.10)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.19
<EXPENSE-RATIO>                                   0.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>