<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JOHN
HANCOCK VARIABLE SERIES TRUST I SEMIANNUAL REPORT DATED JUNE 30, 1999 AND IS
QUALIFIED IN IT ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<SERIES>
   <NUMBER> 07
   <NAME> REAL ESTATE EQUITY
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<INVESTMENTS-AT-COST>                          136,042
<INVESTMENTS-AT-VALUE>                         146,337
<RECEIVABLES>                                    1,041
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 147,378
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           39
<TOTAL-LIABILITIES>                                 39
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       140,803
<SHARES-COMMON-STOCK>                           11,556
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                        1,227
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (4,986)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        10,295
<NET-ASSETS>                                   147,339
<DIVIDEND-INCOME>                                4,681
<INTEREST-INCOME>                                   26
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     509
<NET-INVESTMENT-INCOME>                          4,198
<REALIZED-GAINS-CURRENT>                       (4,986)
<APPREC-INCREASE-CURRENT>                        9,016
<NET-CHANGE-FROM-OPS>                            8,228
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (5,079)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            806
<NUMBER-OF-SHARES-REDEEMED>                    (1,931)
<SHARES-REINVESTED>                                418
<NET-CHANGE-IN-ASSETS>                         (5,450)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              434
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    509
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            12.46
<PER-SHARE-NII>                                    .36
<PER-SHARE-GAIN-APPREC>                            .36
<PER-SHARE-DIVIDEND>                             (.43)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.75
<EXPENSE-RATIO>                                    .70


</TABLE>