Common use of Books, Records and Financial Statements Clause in Contracts

Books, Records and Financial Statements. The books of account and related records of each Fund fairly reflect in reasonable detail its assets, liabilities and transactions in accordance with generally accepted accounting principles applied on a consistent basis. The audited financial statements for the fiscal year ended December 31, 2003 and prior years of each Fund contained in the JHVST Registration Statement (the "Fund Financial Statements") present fairly in all material respects the financial position of the respective Funds as of the dates indicated and the results of operations and changes in net assets for those periods in accordance with generally accepted accounting principles applied on a consistent basis for those periods.

Books, Records and Financial Statements. The books of account and related records of each Fund fairly reflect in reasonable detail its assets, liabilities and transactions in accordance with generally accepted accounting principles applied on a consistent basis. The audited financial statements for the fiscal year ended December 31, 2003 1999 and prior years of each Fund contained in the JHVST Registration Statement (the "Fund Financial Statements") present fairly in all material respects the financial position of the respective Funds as of the dates indicated and the results of operations and changes in net assets for those periods in accordance with generally accepted accounting principles applied on a consistent basis for those periods.

Books, Records and Financial Statements. The books of account and related records of each Fund fairly reflect in reasonable detail its assets, liabilities and transactions in accordance with generally accepted accounting principles applied on a consistent basis. The audited financial statements for the fiscal year ended December 31, 2003 2001 and prior years of each Fund contained in the JHVST Registration Statement (the "Fund Financial Statements") present fairly in all material respects the financial position of the respective Funds as of the dates indicated and the results of operations and changes in net assets for those periods in accordance with generally accepted accounting principles applied on a consistent basis for those periods.

Books, Records and Financial Statements. The books of account and related records of each Fund fairly reflect in reasonable detail its assets, liabilities and transactions in accordance with generally accepted accounting principles applied on a consistent basis. The audited financial statements for the fiscal year ended December 31, 2003 2000 and prior years of each Fund contained in the JHVST Registration Statement (the "Fund Financial Statements") present fairly in all material respects the financial position of the respective Funds as of the dates indicated and the results of operations and changes in net assets for those periods in accordance with generally accepted accounting principles applied on a consistent basis for those periods.