<PAGE>   1
                                    FORM 10-Q


                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549



                            QUARTERLY REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                  For the quarterly period ended June 30, 1998



                        Commission File Number: 33-57020

                             THE MANUFACTURERS LIFE
                          INSURANCE COMPANY OF AMERICA
             (Exact name of registrant as specified in its charter)

                                    MICHIGAN
         (State or other jurisdiction of incorporation or organization)

                                   23-2030787
                      (I.R.S. Employer Identification No.)



                             500 N. Woodward Avenue
                        Bloomfield Hills, Michigan 48304
                    (Address of principal executive offices)

                                 (416) 926-6700
              (Registrant's telephone number, including area code)



         Indicate by check mark whether the registrant (1) has filed reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days.

                            X  Yes           No _____

                      APPLICABLE ONLY TO CORPORATE ISSUERS:

         The number of shares outstanding of the issuer's sole class of common
stock, as of June 1, 1998 is 4,501,860.
<PAGE>   2
               THE MANUFACTURERS LIFE INSURANCE COMPANY OF AMERICA

                          Quarterly Report on Form 10-Q
                       For the period ended June 30, 1998

                                Table of Contents


                                                                            Page

Part I   Financial Information                                                 3
Item 1.  Financial Statements                                                  3

         Consolidated Balance Sheets as at June 30, 1998 and December 
         31, 1997                                                              3

         Consolidated Statements of Income for the three and six month 
         periods ended June 30, 1998 and 1997                                  4
         
         Statements of Cash Flows for the six months ended June 30, 1998 
         and 1997                                                              5

         Notes to Financial Statements                                         6

Item 2.  Management Discussion and Analysis of Financial Condition and 
         Results of Operations                                                 8

Part II  Other Information                                                    11

Item 1   Legal Proceedings                                                    11

Item 2   Change in Securities                                                 11

Item 3   Default upon Senior Securities                                       11

Item 4   Submission of Matters to a vote of Security Holders                  11

Item 5   Other Information                                                    11

Item 6A  Exhibits                                                             11

Item 6B  Reports on Form 8-K                                                  15


                                       2
<PAGE>   3
               The Manufacturers Life Insurance Company of America

                     Consolidated Balance Sheets (Unaudited)

<TABLE>
<CAPTION>
                                                                           As at          As at
                                                                          June 30       December 31
ASSETS ($ thousands)                                                       1998            1997
---------------------------------------------------------------------------------------------------
INVESTMENTS:                                                            (UNAUDITED)
<S>                                                                     <C>             <C>
Securities available-for-sale, at fair value:
         Fixed maturity (amortized cost: 1998 $48,248; 1997 $66,565)    $    50,421     $    67,893
         Equity (cost: 1998 $20,419; 1997 $20,153)                           20,642          19,460
Mortgage loans                                                                   85             131
Policy loans                                                                 16,978          14,673
Cash and short-term investments                                              22,106          22,012
---------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS                                                       $   110,232     $   124,169
---------------------------------------------------------------------------------------------------
Deferred acquisition costs                                                  149,112         130,355
Income taxes recoverable                                                      3,488           5,679
Other assets                                                                  9,205           9,364
Separate account assets                                                   1,014,979         897,044
---------------------------------------------------------------------------------------------------
TOTAL ASSETS                                                            $ 1,287,016     $ 1,166,611
===================================================================================================
LIABILITIES, CAPITAL AND SURPLUS ($  thousands)                                1998            1997
---------------------------------------------------------------------------------------------------
LIABILITIES:
Policyholder liabilities and accruals                                   $    96,625     $    94,477
Notes payable                                                                 8,500          41,500
Due to affiliates                                                            10,195          13,943
Deferred income taxes                                                         2,762           1,174
Other liabilities                                                            14,330          11,704
Separate account liabilities                                              1,014,979         897,044
---------------------------------------------------------------------------------------------------
TOTAL LIABILITIES                                                       $ 1,147,391     $ 1,059,842
===================================================================================================
CAPITAL AND SURPLUS:
Common shares                                                                 4,502           4,502
Preferred shares                                                             10,500          10,500
Contributed surplus                                                         132,887          98,569
Retained earnings (deficit)                                                  (3,573)         (1,910)
Foreign currency translation adjustment                                      (6,061)         (5,272)
Net unrealized gain on securities
       available-for-sale                                                     1,370             380
---------------------------------------------------------------------------------------------------
TOTAL CAPITAL AND SURPLUS                                                   139,625         106,769
---------------------------------------------------------------------------------------------------
TOTAL LIABILITIES, CAPITAL AND SURPLUS                                  $ 1,287,016     $ 1,166,611
===================================================================================================
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.


                                       3
<PAGE>   4
               The Manufacturers Life Insurance Company of America

                  Consolidated Statements of Income (unaudited)

<TABLE>
<CAPTION>
                                                    THREE MONTHS ENDED         SIX MONTHS ENDED
                                                          JUNE 30                  JUNE 30

($ thousands)                                        1998         1997         1998         1997
--------------------------------------------------------------------------------------------------
<S>                                                <C>          <C>          <C>          <C>
REVENUE:
     Premiums                                      $  2,208     $  1,687     $  4,158     $  3,642
     Fee income                                      13,344       11,674       26,011       22,405
     Net investment income                              985        3,406        2,619        6,688
     Realized investment gains (losses)                  74         (371)          (8)        (205)
     Other                                               47           48          104          143
--------------------------------------------------------------------------------------------------
TOTAL REVENUE                                      $ 16,658     $ 16,444     $ 32,884     $ 32,673
==================================================================================================

BENEFITS AND EXPENSES:
     Policyholder benefits and claims              $  2,406     $ (1,054)    $  7,582     $  1,693
     Operating costs and expenses                     9,117        7,538       19,473       16,064
     Commissions                                        743        1,013        1,296        2,346
     Amortization of deferred acquisition costs       3,158        3,724        4,486        7,324
     Interest expense                                   976           --        1,884        2,156
     Policyholder dividends                             138          411          794        1,233
--------------------------------------------------------------------------------------------------
TOTAL BENEFITS AND EXPENSES                        $ 16,538     $ 11,632     $ 35,515     $ 30,816
--------------------------------------------------------------------------------------------------
INCOME (LOSS) BEFORE INCOME TAXES                       120        4,812       (2,631)       1,857
--------------------------------------------------------------------------------------------------
INCOME TAX BENEFIT (EXPENSE)                            (22)      (2,096)         968       (1,060)
--------------------------------------------------------------------------------------------------
NET INCOME (LOSS)                                  $     98     $  2,716     $ (1,663)    $    797
--------------------------------------------------------------------------------------------------
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.


                                       4
<PAGE>   5
               The Manufacturers Life Insurance Company of America

                Consolidated Statements of Cash Flows (Unaudited)

<TABLE>
<CAPTION>
                                                                                    SIX MONTHS ENDED
                                                                                        JUNE 30

($ thousands)                                                                       1998         1997
--------------------------------------------------------------------------------------------------------
<S>                                                                              <C>           <C>
OPERATING ACTIVITIES:
Net income (loss)                                                                $  (1,663)    $     797
Adjustments to reconcile net income to net cash used in operating activities:
     Additions (decreases) to policy liabilities                                       304          (835)
     Deferred acquisition costs                                                    (24,055)      (15,209)
     Amortization of deferred acquisition costs                                      4,486         7,324
     Realized losses on investments                                                      8           205
     Decreases to deferred income taxes                                              1,110            77
     Other                                                                           2,674        (6,086)
--------------------------------------------------------------------------------------------------------
Net cash used in operating activities                                            $ (17,136)    $ (13,727)
--------------------------------------------------------------------------------------------------------
INVESTING ACTIVITIES:
Fixed maturity securities sold                                                   $  23,438     $  60,461
Fixed maturity securities purchased                                                 (5,538)      (46,244)
Equities sold                                                                        4,922         4,359
Equities purchased                                                                  (5,177)       (4,555)
Mortgage loans repaid                                                                   46           (43)
Policy loans advanced, net                                                          (2,305)       (2,868)
Guaranteed annuity contracts                                                            --       171,691
--------------------------------------------------------------------------------------------------------
Cash provided by investing activities                                            $  15,386     $ 182,801
--------------------------------------------------------------------------------------------------------
FINANCING ACTIVITIES:
Receipts from variable life and annuity policies
     credited to policyholder account balances                                   $   4,080     $   4,048
Withdrawals of policyholder account balances on
     variable life and annuity policies                                             (2,236)       (1,219)
Repayment of bonds payable                                                              --      (158,760)
Reduction of notes payable                                                         (34,318)           --
Conversion of notes payable to contributed surplus                                  34,318            --
--------------------------------------------------------------------------------------------------------
Cash provided by (used in) financing activities                                  $   1,844     $(155,931)
--------------------------------------------------------------------------------------------------------
CASH AND SHORT-TERM INVESTMENTS:
Increase during the period                                                       $      94     $  13,143
Balance, beginning of year                                                          22,012        17,493
--------------------------------------------------------------------------------------------------------
BALANCE, END OF PERIOD                                                           $  22,106     $  30,636
========================================================================================================
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.


                                        5
<PAGE>   6
               The Manufacturers Life Insurance Company of America

                   Notes to Consolidated Financial Statements

                                  June 30, 1998

                                   (Unaudited)

1.       BASIS OF PRESENTATION

         The accompanying unaudited consolidated financial statements of The
         Manufacturers Life Insurance Company of America and its wholly-owned
         subsidiaries have been prepared in accordance with generally accepted
         accounting principles ("GAAP"), except that they do not contain
         complete notes. However, in the opinion of management, these statements
         include all normal recurring adjustments necessary for a fair
         presentation of the results. These financial statements should be read
         in conjunction with the financial statements and the related notes
         included in ManAmerica's annual report on Form 10-K for the year ended
         December 31, 1997. Operating results for the six months ended June 30,
         1998 are not necessarily indicative of the results that may be expected
         for the full year ending December 31, 1998.


2.       COMPREHENSIVE INCOME

         The Company adopted Statement of Financial Accounting Standards (SFAS)
         130, "Reporting Comprehensive Income". SFAS 130 establishes standards
         for reporting and displaying comprehensive income and its components in
         a full set of general-purpose annual financial statements.
         Comprehensive income includes all changes in capital and surplus during
         a period except those resulting from investments by, and distributions
         to shareholders. The adoption of SFAS 130 resulted in revised and
         additional disclosures but had no effect on the financial position,
         results of operations, or liquidity of the Company.

         Total comprehensive income for the six months ended June 30, 1998 and
         1997 was as follows:

                                                            SIX MONTHS ENDED
                                                                 JUNE 30
COMPREHENSIVE INCOME:                                     1998            1997
-------------------------------------------------------------------------------

NET INCOME (LOSS)                                       $(1,663)         $  797

OTHER COMPREHENSIVE INCOME, NET OF TAX:
     Unrealized holding gains
     on available-for-sale securities                       990           1,068
     Foreign currency translation                          (789)              -
-------------------------------------------------------------------------------
Other comprehensive income                              $   201          $1,068

-------------------------------------------------------------------------------
COMPREHENSIVE INCOME (LOSS)                             $(1,462)         $1,865
-------------------------------------------------------------------------------

         Other comprehensive income is reported net of taxes of $533 and $575
respectively for the six months ended June 30, 1998 and 1997.



                                       6
<PAGE>   7

3.       CAPITAL CONTRIBUTION

         On June 30, 1998 an outstanding promissory note issued by the Company
         on December 5, 1997 to ManUSA in the amount of $34.3 million ($33
         million principal plus $1.3 million accrued interest) was converted to
         capital and reported as contributed surplus.

4.       COMPARATIVE FIGURES

         Certain amounts in the 1997 financial statements have been reclassified
         to conform to the 1998 financial statement presentation.







                                       7
<PAGE>   8


ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

OVERVIEW

The following analysis of the consolidated results of operations and financial
condition of the Manufacturers Life Insurance Company of America, (hereafter
referred to as "ManAmerica" or the "Company") should be read in conjunction with
the Consolidated Financial Statements and the related Notes to Consolidated
Financial Statements.

CORPORATE STRUCTURE

The Company is a direct wholly-owned U.S. subsidiary of The Manufacturers Life
Insurance Company (U.S.A.) ("ManUSA"), which in turn is a direct wholly-owned
subsidiary of the Manulife Reinsurance Corporation (U.S.A.) ("MRC"). MRC is an
indirectly wholly-owned subsidiary of The Manufacturers Life Insurance Company
("Manulife Financial"), a Canadian mutual insurance company. Manulife Financial,
with consolidated assets under management at December 31, 1997 of $79.7 billion
($Can), actively operates in thirteen countries worldwide. Manulife Financial
has been doing business in the United States since 1903. The Company markets
variable annuity and variable life products in the United States and traditional
insurance products in Taiwan.


IMPACT OF YEAR 2000

Preparing computer systems to deal with the Year 2000 risk has become a major
issue for businesses throughout the world. Within the Manulife Financial group,
a group-wide program has been underway since 1996 to make all critical systems
compliant by the end of 1998 and other systems compliant by the end of 1999.
Included in this program are all systems applicable to and shared by the Company
with Manulife Financial. Based on a detailed assessment, Manulife Financial
determined that a portion of its software needs to be modified or replaced so
that its computer systems will function properly into the Year 2000 and beyond.
Like most companies, the Year 2000 issue represents a significant challenge for
Manulife Financial and extensive resources have been dedicated to modifying
existing software and to converting to new software. However, there can be no
assurances that Manulife Financial's systems, nor those of other companies on
which Manulife Financial relies, will be fully converted on a timely basis and
therefore that all adverse effect on the Company due to the Year 2000 risk will
be avoided. Manulife Financial is presently consulting with vendors, customers,
subsidiaries, third-parties and other businesses with which it deals to ensure
that no material aspect of its, or the Company's, operations will be hindered by
the Year 2000 risk.

FORWARD-LOOKING STATEMENTS

Certain information included herein is forward-looking within the meaning of the
Private Securities Litigation Reform Act of 1995, including, but not limited to,
statements concerning anticipated operating results, financial resources, growth
in existing markets and the impact of the year 2000. Such forward-looking
information involves important risks and uncertainties that could significantly
affect actual results and cause them to differ materially from expectations
expressed herein. These risks and uncertainties include changes in general
economic conditions, the effect of regulatory, tax and competitive changes in
the environment in which the Company operates, fluctuations in interest rates,
performance of financial markets and the Company's ability to achieve
anticipated levels of earnings.



                                       8
<PAGE>   9

REVIEW OF CONSOLIDATED OPERATING RESULTS AND CONSOLIDATED FINANCIAL CONDITION

The discussion that follows focuses on the results for the six months ended June
30, 1998 compared to the results for the six months ended June 30, 1997.

DEPOSITS AND PREMIUMS

The strong growth in variable insurance sales experienced during the first
quarter of 1998 leveled off during the second quarter. Variable universal life
(VUL) deposits of $103.1 million for the first half of 1998 were 23% higher than
the VUL deposits of $83.7 million for the same period in 1997. VUL deposits for
the three months ended June 30, 1998 increased by $45.6 million compared to an
increase of $40.5 million for the same period in 1997. Sales of the
corporate-owned (COLI) Variable Universal Life contract, which was introduced in
1997, continued to increase in the second quarter of 1998 compared to 1997,
though at a slower pace than in the first quarter of 1998. The growth in the
COLI business in the first half of 1998 has contributed to the increase in
separate account assets which have grown from $897 million at the end of 1997 to
$1,015 million at the end of the first half of 1998.

Overall premium income for the first half of 1998 was $4.2 million compared to
$3.6 million for the same period of 1997. U.S. premiums assumed from ManUSA have
decreased $0.2 million and Taiwan premiums have increased by $0.8 million for
the six months ended June 30, 1998 compared to the same period of 1997.


FEE INCOME

Fee income increased to $26.0 million in the first half of 1998, compared to
$22.4 million for the same period in 1997. The majority of the increase in fee
income is attributable to cost of insurance charges on a larger inforce block of
business in 1998 compared to 1997, and management fees earned on separate
account assets which have increased significantly in 1998 compared to 1997 as
explained by the growth in deposits above.


NET INVESTMENT INCOME

Net investment income was $2.6 million in the first half of 1998, compared to
$6.7 million in the same period of 1997. Included in the 1997 net investment
income amount is approximately $2.5 million of interest earned on the
Manufacturers Life Mortgage Securities Corporation ("MLMSC") bonds which were
repaid on March 1, 1997. Excluding this item, net investment income in the first
half of 1998 decreased by approximately $1.6 million compared to the same period
of 1997. This decrease is due to a decrease in bond holdings during the first
half of 1998 compared to the first half of 1997.


POLICYHOLDER BENEFITS

Policyholder benefits were $7.6 million in the first half of 1998, compared to
$1.7 million in the first half of 1997. This increase is primarily due to
increased reserves for the Taiwan business due to new business and a slower
run-off of reserves in the first half of 1998 as lower surrender levels were
experienced compared to the first half of 1997.


EXPENSES AND DEFERRED ACQUISITION COSTS (DAC) AMORTIZATION

Operating costs and expenses, including commissions, were $44.4 million for the
first half of 1998 compared to $32.7 million for the first half of 1997 before
deferral of acquisition expenses ($20.8 million and $18.4 million respectively
net of deferred acquisition expenses). The increase in expenses in the first





                                       9
<PAGE>   10

half of 1998 is primarily attributable to costs incurred in the development and
sale of the COLI variable universal life product introduced in 1997. A
significant portion of these expenses have been deferred in the first half of
1998 resulting in an increase in the DAC asset as explained below. The DAC
amortization expense for the first half of 1998 was $4.5 million compared to
$7.3 million for the same period in 1997. This decrease is due primarily to a
lower DAC amortization rate used in 1998 compared to 1997 because of assumption
changes.



NET INCOME

The net loss in the first half of 1998 was $1.7 million, compared to net income
of $0.8 million in the same period of 1997. Increased fee income and lower DAC
amortization expense in the first half of 1998 were more than offset by
significantly higher policyholder benefits and operating costs and expenses and
lower investment income.


ASSETS

Separate account assets were $1,015 million at the end of the first half of
1998, compared to $897 million at the end of 1997. This growth reflects net cash
transfers to the separate accounts of $47.2 million, and $70.8 million of gains
due primarily to strong investment performance in the first quarter of 1998 of
the underlying investment funds and growth in the COLI business. For the three
months ended June 30, 1998, net transfers totalled $15.4 million compared to
$19.0 million for the same period in 1997, and investment losses of $6.0 million
were recorded in the three months ended June 30, 1998 compared to investment
gains of $75.8 million in 1997. The poor investment performance in the three
months ended June 30, 1998 is due to unfavorable stock market performance during
this period.

DAC increased from $130.4 million at the end of 1997 to $149.1 million as at the
end of the first half of 1998. This increase is primarily due to deferrable
acquisition costs associated with the development of the COLI product introduced
in 1997.


LIABILITIES

The Company's separate account liabilities increased $117.9 million. Separate
Account liabilities move in tandem with changes in Separate Account assets.

General account liabilities decreased from $162.8 million at the end of 1997 to
$132.4 million at June 30, 1998 due to the conversion of a note payable of
approximately $34 million to capital in the second quarter. See note 4 for
additional details.




                                       10


<PAGE>   11
PART II -- OTHER INFORMATION

Item 1        -       Legal Proceedings
                      Nothing to report.


Item 2        -       Changes in Securities
                      Nothing to report.


Item 3        -       Defaults upon Senior Securities
                      Nothing to report.


Item 4        -       Submission of Matters to a Vote of Security Holders
                      Nothing to report.

Item 5        -       Other Information
                      Nothing to report.


Item 6A       -       Exhibits


                                                      Page in Sequential
                                                       Numbering System
                                                         Where Exhibit
Exhibit No.       Description                              Located
-----------       -----------                              -------

(1)               Not Applicable

(2)               None

(3)(a)(i)         Restated Articles of             Incorporated by reference 
                  Redomestication of The           to Exhibit 3 (A)(i) to Post-
                  Manufacturers Life               Effective Amendment No. 6 
                  Insurance Company of             on Form S-1 filed by The
                  America                          Manufacturers Life Insurance
                                                   Company of America on
                                                   December 9, 1996 (File No.
                                                   33-57020)

(3)(b)(i)         By-Laws of The                   Incorporated by reference to 
                  Manufacturers Life               Exhibit 3 (b)(i) to Post-
                  Insurance Company of             Effective Amendment No. 6 
                  America                          on Form S-1 filed by The
                                                   Manufacturers Life Insurance
                                                   Company of America on
                                                   December 9, 1996 (File No.
                                                   33-57020)


                                       11
<PAGE>   12
(4)(a)            Form of Multi-Account            Incorporated reference to 
                  Flexible Variable                Exhibit (4)(a) to Pre-
                                                   Effective Amendment No.1 on
                                                   Form S-1 filed by The
                                                   Manufacturers Life Insurance
                                                   Company of America on
                                                   February 10, 1994 (File No.
                                                   33-57020)

(4)(b)(i)         Individual Retirement            Incorporated by reference to 
                  Annuity Rider                    Exhibit (4)(b)(i) to Pre-
                                                   Effective Amendment No.1 on
                                                   Form S-1 filed by The
                                                   Manufacturers Life Insurance
                                                   Company of America on
                                                   February 10, 1994 (File No.
                                                   33-57020)

(4)(b)(i)(a)      Trustee-Owned Policies           Incorporated by reference to 
                  Annuity Rider                    Exhibit (4)(b)(i)(a)  to 
                                                   Pre-Effective Amendment No.
                                                   1 on Form S-1 filed by The
                                                   Manufacturers Life Insurance
                                                   Company of America on
                                                   February 10, 1994 (File No.
                                                   33-57020)

(4)(b)(ii)        Unisex Endorsement               Incorporated by reference to 
                                                   Exhibit (4)(b)(ii) to the
                                                   registration statement on
                                                   Form N-4 filed by The
                                                   Manufacturers Life Insurance
                                                   Company of America on January
                                                   13, 1993 (File No. 33-57018)

(4)(b)(iii)       Endorsement 0646-END.001         Incorporated by reference to 
                                                   Exhibit (4)(b)(ii) to Form
                                                   10Q by The Manufacturers Life
                                                   Insurance Company of America
                                                   on August 14, 1997 (File No.
                                                   33-57020)

(5)               Not Applicable


                                       12
<PAGE>   13
(6)               Not Applicable

(7)               Not Applicable

(8)               Not Applicable

(9)               Not Applicable

(10)(a)           Reinsurance Agreement            Incorporated by reference to 
                                                   Exhibit (10)(a) to
                                                   Pre-Effective Amendment No.1
                                                   on Form S-1 filed by The
                                                   Manufacturers Life Insurance
                                                   Company of America on
                                                   February 10, 1994 (File No.
                                                   33-57018)

(10)(b)(i)        Service Agreement                Incorporated by reference to 
                  between Manufacturers            Exhibit 8(a) to the 
                  Life of America and              registration statement on
                  The Manufacturers                Form N-4 filed by The 
                  Life Insurance                   Manufacturers Life Insurance 
                  Company                          Company of America on 
                                                   January 13, 1993 (File No.
                                                   33-57018)

(10)(b)(ii)       Amendment to Service             Incorporated by reference to 
                  Agreement                        Exhibit (8)(b) to the 
                                                   registration statement on
                                                   Form N-4 filed by The
                                                   Manufacturers Life Insurance
                                                   Company of America on January
                                                   13, 1993 (File No. 33-57018)

(10)(b)(iii)      Second Amendment to              Incorporated by reference to 
                  Service Agreement                Exhibit (10)(b) (iii) to
                                                   the registration statement on
                                                   Form N-4 filed by The
                                                   Manufacturers Life Insurance
                                                   Company of America on April
                                                   29, 1994 (File No. 33-57018)

(10)(b)(iv)       Service Agreement between        Incorporated by reference to 
                  The Manufacturers Life           Exhibit (8)(d) to Post-
                  Insurance Company and            Effective Amendment No.1 
                  ManEquity, Inc. dated            statement on Form N-4 filed 
                  January 2, 1991 as amended       by
                  March 1, 1994                    


                                       13
<PAGE>   14
                                                   The Manufacturers Life 
                                                   Insurance Company of America
                                                   on May 2, 1994 (File No. 
                                                   33-57018)

(10)(c)           Specimen Agreement between       Incorporated by reference to 
                  ManEquity, Inc. and              Exhibit (3)(b)(i) to the
                  registered representatives       registration statement on
                                                   Form N-4 filed by The
                                                   Manufacturers Life Insurance
                                                   Company of America on January
                                                   13, 1993 (File No. 33-57018)

(10)(d)           Specimen Agreement between       Incorporated by reference to
                  Incorporated by ManEquity,       Exhibit (3)(B)(ii) TO
                  and Dealers                      the registration statement on
                                                   Form N-4 filed by The
                                                   Manufacturers Life Insurance
                                                   Company of America on January
                                                   13, 1993 (File No. 33-57018)

(11)              None

(12)              Not Applicable

(13)              Not Applicable

(14)              Not Applicable

(15)              None

(16)              Not Applicable

(17)              Not Applicable

(18)              None

(19)              None

(20)              Not Applicable

(21)              Not Applicable

(22)              None

(23)              None

(24)              Power of Attorney                Incorporated by reference to 
                                                   Exhibit (12) to Post-


                                       14
<PAGE>   15
                                                   Effective Amendment No.10
                                                   on Form S-6 filed by The
                                                   Manufacturers Life Insurance
                                                   Company of America on
                                                   February 28, 1997 (File
                                                   No.33-52310)

(25)              Not Applicable

(26)              Not Applicable

(27)              Financial Data Schedule          Filed Herewith

(28)              Not Applicable

Item 6B     -     Reports on Form 8-K
                  No reports on Form 8-K were filed during the quarter.


                                       15
<PAGE>   16
                                   SIGNATURES


         Pursuant to the requirements of Securities and Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                    THE MANUFACTURERS LIFE INSURANCE 
                                    COMPANY OF AMERICA
                                               (Registrant)




August 14, 1998                     By: /s/ Douglas H. Myers
--------------------                    ----------------------------------
Date                                    DOUGLAS H. MYERS
                                        Vice-President, Finance
                                        (Principal Financial Officer)






August 14, 1998                     By: /s/ Donald A. Guloien
--------------------                    ----------------------------------
Date                                    DONALD A. GULOIEN
                                        President & Director
                                        (Principal Executive Officer)


                                       16
<PAGE>   17
                                  EXHIBIT INDEX

Exhibit No.       Description
-----------       -----------

27                Financial data schedule for quarter ended June 30, 1998



                                       17