Edgar Filing: HANCOCK JOHN PATRIOT PREMIUM DIVIDEND FUND I

As filed with the Securities and Exchange Commission on February 24, 2002.

SCHEDULE 14A
(RULE 14A-101)

INFORMATION REQUIRED IN PROXY STATEMENT

FILE NUMBER 811-5615

SCHEDULE 14A INFORMATION

PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE
SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. __)

[X] Filed by the Registrant

[ ] Filed by a Party other than the Registrant

Check the appropriate box:

[ ] Preliminary Proxy Statement

[X] Definitive Proxy Statement

[ ] Definitive Additional Materials

[ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12

JOHN HANCOCK PATRIOT PREMIUM DIVIDEND FUND I
(Name of Registrant as Specified in Its Charter)

JOHN HANCOCK PATRIOT PREMIUM DIVIDEND FUND I
(Name of Person(s) Filing Proxy Statement)

Payment of filing fee (check the appropriate box):

[ ] $125 per Exchange Act Rules 0-11(c) (1) (ii), 14a-6 (i) (1), or
14a-6 (i) (2) or Item 22(a) (2) or schedule 14A (sent by wire transmission).

[ ] Fee paid previously with preliminary materials.

[X] No fee required.

[LOGO](R)
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JOHN HANCOCK FUNDS

John Hancock Patriot Premium Dividend Fund I
John Hancock Patriot Premium Dividend Fund II
John Hancock Patriot Select Dividend Trust
John Hancock Patriot Global Dividend Fund
John Hancock Patriot Preferred Dividend Fund

January 24, 2002

Dear Fellow Shareholder:

As an investor in one of the funds listed above, you are cordially invited to
attend the annual shareholder meeting on Thursday, March 7, 2002 at 9:00 A.M.,
Eastern time, to be held at John Hancock Funds, 101 Huntington Avenue, Boston,
MA 02199.

The proposals set forth in the enclosed proxy statement are routine items. A
routine item is one which occurs annually and makes no fundamental or material
changes to a fund's investment objectives, policies or restrictions, or to the
investment management contracts.

Elect your fund's Board of Trustees

For each fund, proposal number one asks common shareholders to elect five
Trustees and preferred shareholders to elect one Trustee. Trustees will serve
until their respective successors are elected and qualified. Your proxy
statement includes a brief description of each nominee's background.

Ratify the Trustees' selection of public accountants

For each fund, proposal number two asks you to ratify or reject the Trustees'
selection of Deloitte & Touche LLP as each fund's independent public accountants
for the fund's current fiscal year.

Your vote is important!

Please complete the enclosed proxy ballot form, sign it and mail it to us
immediately. For your convenience, a postage-paid return envelope has been
provided. Your prompt response will help avoid the cost of additional mailings
at your fund's expense.

If you have any questions, please call 1-800-426-5523, Monday through Friday,
between 8:30 A.M. and 5:00 P.M. Eastern time.

Thank you in advance for your prompt action on this very important matter.

Sincerely,

/s/ Maureen R. Ford
Maureen R. Ford

Chairman and Chief Executive Officer

P00PX 1/02
PPD-PS-02

JOHN HANCOCK PATRIOT PREMIUM DIVIDEND FUND I
JOHN HANCOCK PATRIOT PREMIUM DIVIDEND FUND II
JOHN HANCOCK PATRIOT SELECT DIVIDEND TRUST
JOHN HANCOCK PATRIOT GLOBAL DIVIDEND FUND
JOHN HANCOCK PATRIOT PREFERRED DIVIDEND FUND
101 Huntington Avenue, Boston, Massachusetts 02199

NOTICE OF ANNUAL MEETINGS OF SHAREHOLDERS
To Be Held March 7, 2002

This is the formal agenda for your fund's shareholder meeting. It tells you what
matters will be voted on and the time and place of the meeting, in case you want
to attend in person.

To the Shareholders of:

A shareholder meeting for each fund will be held at 101 Huntington Avenue,
Boston, Massachusetts on Thursday, March 7, 2002 at 9:00 A.M., Eastern time, and
shareholders of each fund will consider the following proposals:

(1) To elect Trustees to serve until their respective successors are duly
elected and qualified. Common shareholders may elect five trustees and
preferred shareholders may elect one trustee.

(2) To ratify or reject the Trustees' selection of Deloitte & Touche LLP as the
fund's independent public accountants for the fund's current fiscal year.

(3) To transact such other business as may properly come before the meeting or
any adjournment of the meeting.

Your Trustees recommend that you vote in favor of all proposals.

Shareholders of record of each fund as of the close of business on January 7,
2002 are entitled to notice of and to vote at the fund's annual meeting and at
any related follow-up meeting. The proxy statement and proxy card are being
mailed to shareholders on or about January 24, 2002.

Whether or not you expect to attend the meeting, please complete and return the
enclosed proxy in the accompanying envelope. No postage is necessary if mailed
in the United States.

By order of the Boards of Trustees,

Susan S. Newton
Senior Vice President and Secretary

January 24, 2002
P00PX 1/02

PPD-PS-02

ANNUAL MEETING OF SHAREHOLDERS
To Be Held On March 7, 2002

PROXY STATEMENT

This proxy statement contains the information you should know before voting
on the proposals described in the notice. Each fund will furnish without charge
a copy of its Annual Report and/or Semiannual report to any shareholder upon
request. If you would like a copy of your fund's report, please send a written
request to the attention of the fund at 101 Huntington Avenue, Boston,
Massachusetts 02199 or call John Hancock Funds at 1-800-892-9552.

This proxy statement is being used by each fund's Trustees to solicit
proxies to be voted at the annual meeting of each fund's shareholders. The
meetings will be held at 101 Huntington Avenue, Boston, Massachusetts on
Thursday, March 7, 2002 at 9:00 A.M., Eastern time.

o John Hancock Patriot Premium Dividend Fund I ("Premium Dividend I");

o John Hancock Patriot Premium Dividend Fund II ("Premium Dividend II");

o John Hancock Patriot Select Dividend Trust ("Select Dividend");

o John Hancock Patriot Global Dividend Fund ("Global Dividend"); and

o John Hancock Patriot Preferred Dividend Fund ("Preferred Dividend").

If you sign the enclosed proxy card and return it in time to be voted at the
meeting, your shares will be voted in accordance with your instructions. Signed
proxies with no instructions will be voted FOR all proposals. If you want to
revoke your proxy, you may do so before it is exercised at the meeting by filing
a written notice of revocation with the fund at 101 Huntington Avenue, Boston,
Massachusetts 02199, by returning a signed proxy with a later date before the
meeting, or if attending the meeting of your fund and voting in person, by
notifying your fund's secretary (without complying with any formalities) at any
time before your proxy is voted.

Record Ownership

The Trustees of each fund have fixed the close of business on January 7,
2002 as the record date to determine which shareholders are entitled to vote at
the meeting. Common and Preferred shareholders of each fund are entitled to one
vote per share on all business of the meetings or any postponement of the
meeting relating to their fund and respective share class. On the record date,
the following number of shares of beneficial interest of each fund were
outstanding:

Fund Common Shares Preferred Shares
---- ------------- ----------------

Premium Dividend I 14,979,601 685
Premium Dividend II 15,002,724 1,000
Select Dividend 9,885,027 700
Global Dividend 8,334,700 600
Preferred Dividend 7,257,200 525

The funds' management does not know of anyone who beneficially owned more
than 5% of either class of any fund's shares outstanding as of the record date,
except for The Commerce Group, Inc., 211 Main Street, Webster, MA 01570, which
holds the following Common Shares: 31.3% of Premium Dividend I, 35.3% of Premium
Dividend II, 36.2% of Select Dividend, 28.3% of Global Dividend and 32.7% of
Preferred Dividend. (Beneficial ownership means voting power and/or investment
power, which includes the power to dispose of shares.)

Although the annual meetings of the funds are being held jointly and proxies
are being solicited through the use of this joint proxy statement, shareholders
of each fund will vote separately as to proposals affecting their fund.

PROPOSAL 1

ELECTION OF TRUSTEES
(Common Shares and Preferred Shares of each fund)

General

Each fund's Board of Trustees consists of eleven members. Holders of the
Preferred Shares are entitled to elect two Trustees, and holders of the Common
Shares are entitled to elect nine Trustees. Ms. Ford, Ms. McGill Peterson and
Messrs. Carlin, Cunningham, Ladner, Moore, Pruchansky, Smith and Toolan have
been designated as subject to election by holders of the Common Shares of each
fund. Messrs. DeCiccio and Dion have been designated as subject to election by
holders of the Preferred Shares of each fund.

Each Board of Trustees is divided into three staggered term classes, two
classes contain four Trustees each and one class contains three Trustees. The
term of one class expires each year, and no term continues for more than three
years after the applicable election. Each class of Trustees will stand for
election at the conclusion of their respective three-year terms. Classifying the
Trustees in this manner may prevent replacement of a majority of the Trustees
for up to a two-year period.

As of the date of this proxy, each nominee for election currently serves as
Trustee of each fund. Using the enclosed proxy card, you may authorize the
proxies to vote your shares for the nominees representing your shares or you may
withhold from the proxies authority to vote your shares for one or more of the
nominees representing your shares. If no contrary instructions are given, the
proxies will vote FOR the nominees. Each of the nominees has consented to his or
her nomination and has agreed to serve if elected. If, for any reason, any
nominee should not be available for election or able to serve as a Trustee, the
proxies will exercise their voting power in favor of such substitute nominee, if
any, as the funds' Trustees may designate. The funds have no reason to believe
that it will be necessary to designate a substitute nominee.

Proposal 1

For each fund, Messrs. Carlin, Cunningham, Toolan and Moore and Ms. McGill
Peterson are the current nominees for election by the Common Shareholders, and
Mr. DeCiccio is the current nominee for election by the Preferred Shareholders.
The term of Mr. Moore will expire at the 2003 annual meeting; the term of Ms.
Peterson will expire at the 2004 annual meeting and the terms of Messrs. Carlin,
Cunningham, DeCiccio and Toolan will expire at the 2005 annual meeting.

Vote Required For Proposal 1

The vote of a plurality of the votes cast by the Common Shares and the
Preferred Shares, voting as separate classes, of a fund is sufficient to elect
the Common Shares' and Preferred Shares' respective nominees of that fund.

Information Concerning Trustees

The following table describes each nominee's position with the funds. The
table also shows his or her principal occupation or employment during the past
five years and the number of shares of each fund beneficially owned by him or
her, directly or indirectly, on the record date. the table also lists the
Trustees who are not currently standing for election and whose current terms
continue until the annual meetings in 2003 and 2004, respectively.

Common Shares Owned
Name (Age) Principal Occupation Beneficially, Directly
and Position During the First Became or Indirectly, on
with the Fund Past Five Years a Trustee January 7, 2002(1)(2)
------------- -------------------- ------------ ----------------------

NOMINEES FOR ELECTION
TERM TO EXPIRE IN 2005

James F. Carlin Chairman and CEO, Alpha 1988 (A) 3,146 (A)(4)
(Age 61) Analytical Laboratories 1989 (B) 1,200 (B)(5)
Trustee (chemical analysis), 1990 (C) 1,000 (C)
Carlin Consolidated, Inc. 1992 (D) 100 (D)
(management/investments); 1993 (E) -- (E)
Trustee, Massachusetts
Health and Education Tax
Exempt Trust; Director,
Uno Restaurant Corp.,
Arbella Mutual (insurance),
(until September 2000),
HealthPlan Services, Inc.
(until February 1999),
Flagship Healthcare, Inc.
(until November 1999),
Carlin Insurance Agency,
Inc. (until April 1999),
Chairman, Massachusetts
Board of Higher
Education (until July
1999); and Trustee of 36
funds managed by the
Adviser.

NOMINEES FOR ELECTION
TERM TO EXPIRE IN 2005 (continued)

William H. Former Chancellor, 1994 (A) -- (A)
Cunningham University of Texas 1994 (B) -- (B)
(Age 58) System and former 1994 (C) -- (C)
Trustee President of the 1994 (D) -- (D)
University of Texas, 1994 (E) -- (E)
Austin, Texas; James L.
Bayless Chair of Free
Enterprise; Director,
LaQuinta Motor Inns,
Inc. (hotel management
company) (1985-1998);
Jefferson-Pilot
Corporation
(diversified life
insurance company)
Billing Concepts,
Southwest Airlines and
Introgen; Advisory
Director, Chase Bank
(formerly Texas Commerce
Bank - Austin); and
Trustee of 36 funds
managed by the Adviser.

*John M. Executive Vice 2001 (A) -- (A)
DeCiccio(3) President and Chief 2001 (B) -- (B)
(Age 53) Investment Officer, 2001 (C) -- (C)
Trustee John Hancock Financial 2001 (D) -- (D)
Services, Inc.; 2001 (E) -- (E)
Director, Executive
Vice President and
Chief Investment
Officer, John Hancock
Life Insurance Company;
Chairman of the
Committee of Finance of
John Hancock Life
Insurance Company;
Director, John Hancock
Subsidiaries, Inc.,
Hancock Natural Resource
Group, Independence
Investment LLC,
Independence Fixed
Income LLC, The Berkeley
Financial Group, Inc.,
John Hancock Advisers,
Inc., John Hancock Funds,
Inc., and Massachusetts
Business Development
Corporation; Director,
John Hancock Insurance
Agency, Inc. (until 1999)
and John Hancock
Signature Services, Inc.
(until 1997); and Trustee
of 66 funds managed by
the Adviser.

NOMINEES FOR ELECTION
TERM TO EXPIRE IN 2005 (continued)

John P. Toolan Director, The Smith 1992 (A) 100 (A)
(Age 71) Barney Muni Bond 1992 (B) 100 (B)
Trustee Funds, The Smith 1992 (C) -- (C)
Barney Tax-Free Money 1992 (D) 100 (D)
Funds, Inc., Vantage 1993 (E) -- (E)
Money Market Funds
(mutual funds), The
Inefficient-Market
Fund, Inc. (closed-end
investment company)
and Smith Barney Trust
Company of Florida;
Chairman, Smith Barney
Trust Company (retired
December 1991);
Director, Smith Barney,
Inc., Mutual Management
Company and Smith
Barney Advisers, Inc.
(investment advisers)
(retired 1991); Senior
Executive Vice President,
Director and member of
the Executive Committee,
Smith Barney, Harris
Upham & Co., Incorporated
(investment bankers)
(until 1991); and Trustee
of 36 funds managed by
the Adviser.

NOMINEE FOR ELECTION
TERM TO EXPIRE IN 2004

Patti McGill Executive Director, 2002 (A) -- (A)
Peterson Council for 2002 (B) -- (B)
(Age 58) International Exchange 2002 (C) -- (C)
Trustee of Scholars (since 2002 (D) -- (D)
January 1998); Vice 2002 (E) -- (E)
President, Institute of
International Education
(since January 1998);
Senior Fellow, Cornell
Institute of Public
Affairs, Cornell
University (until
December 1997);
President Emerita of
Wells College and St.
Lawrence University;
Director, Niagara Mohawk
Power Corporation
(electric utility); and
Trustee of 36 funds
managed by the Adviser.

NOMINEE FOR ELECTION
TERM TO EXPIRE IN 2003 (continued)

John A. Moore President and Chief 2002 (A) -- (A)
(Age 63) Executive Officer, 2002 (B) -- (B)
Trustee Institute for 2002 (C) -- (C)
Evaluating Health Risks 2002 (D) -- (D)
(non-profit institution) 2002 (E) -- (E)
(since September 1989);
and Trustee of 36 funds
managed by the Adviser.

TERM TO EXPIRE IN 2003

*Maureen R. Executive Vice 2000 (A) 100 (A)
Ford (Age 46) President, John Hancock 2000 (B) 100 (B)
Trustee, Financial Services, 2000 (C) 100 (C)
Chairman, Inc., John Hancock Life 2000 (D) 100 (D)
President and Insurance Company; 2000 (E) 100 (E)
Chief Executive Chairman, Director,
Officer President and Chief
Executive Officer, John
Hancock Advisers, Inc.
(the "Adviser") and The
Berkeley Financial Group,
Inc. ("The Berkeley
Group"); Chairman,
Director and Chief
Executive Officer, John
Hancock Funds, Inc.
("John Hancock Funds");
Chairman, Director and
President, John Hancock
Insurance Agency, Inc.
("Insurance Agency,
Inc."); Chairman, Director
and Chief Executive
Officer, Sovereign Asset
Management Corporation
(SAMCorp.); Director,
Independence Investment
LLC and Independence Fixed
Income LLC; Senior Vice
President, MassMutual
Insurance Co. (until
1999); Senior Vice
President, Connecticut
Mutual Insurance Co.
(until 1996); and Trustee,
Chairman, President and
Chief Executive Officer of
66 funds managed by the
Adviser.

TERM TO EXPIRE IN 2003 (continued)

Ronald R. Chairman and Chief 1998 (A) 100 (A)
Dion(3) Executive Officer, 1998 (B) -- (B)
(Age 55) R.M. Bradley & Co., 1998 (C) 65 (C)
Trustee Inc.; Director, The 1998 (D) 100 (D)
New England Council 1998 (E) 65 (E)
and Massachusetts
Roundtable; Trustee,
North Shore Medical
Center; Director, BJ's
Wholesale Club, Inc. and
a corporator of the
Eastern Bank; Trustee,
Emmanuel College; and
Trustee of 36 funds
managed by the Adviser.

Charles L. Chairman and Trustee, 1992 (A) 294 (A)
Ladner Dunwoody Village, 1992 (B) 200 (B)
(Age 63) Inc.; Senior Vice 1992 (C) 200 (C)
Trustee President and Chief 1992 (D) 235 (D)
Financial Officer, UGI 1993 (E) 200 (E)
Corporation (public
utility holding company)
(retired 1998); Vice
President and Director
for AmeriGas, Inc.
(retired 1998); Vice
President of AmeriGas
Partners, L.P. (until
1997); Director,
EnergyNorth, Inc. (until
1995); and Trustee of 36
funds managed by the
Adviser.

TERM TO EXPIRE IN 2004

Steven R. Chairman and Chief 1992 (A) 116 (A)
Pruchansky Executive Officer, 1992 (B) 200 (B)
(Age 57) Mast Holdings, Inc. 1992 (C) 100 (C)
Trustee (since June 1, 2000); 1992 (D) 300 (D)
Director and 1993 (E) 275 (E)
President, Mast
Holdings, Inc. (until
May 31, 2000); Director,
First Signature Bank &
Trust Company (until
August 1991); Director,
Mast Realty Trust (until
1994); President, Maxwell
Building Corp. (until
1991); and Trustee of 36
funds managed by the
Adviser.

Norman H. Smith Lieutenant General, 1992 (A) 322 (A)
(Age 68) United States Marine 1992 (B) 542 (B)
Trustee Corps; Deputy Chief 1992 (C) 363 (C)
of Staff for Manpower 1992 (D) 825 (D)
and Reserve Affairs, 1993 (E) 287 (E)
Headquarters Marine Corps;
Commanding General III
Marine Expeditionary
Force/3rd Marine Division
(retired 1991); and
Trustee of 36 funds
managed by the Adviser.

All Trustees and executive officers of the funds as a group 4,178 (A)
2,342 (B)
1,828 (C)
1,760 (D)
927 (E)

(A) Premium Dividend I
(B) Premium Dividend II
(C) Select Dividend
(D) Global Dividend
(E) Preferred Dividend
* "Interested person," as defined in the Investment Company Act of 1940, as
amended (the "Investment Company Act"), of the funds and the Adviser.
(1) The information as to beneficial ownership is based on statements furnished
to the funds by the Trustees. Except as otherwise noted, each Trustee has
all voting and investment powers with respect to the shares indicated.
(2) None of the Trustees beneficially owned individually, and the Trustees and
executive officers of the funds as a group did not beneficially own, in
excess of one percent of the outstanding Common Shares of any fund. None of
the Trustees or executive officers of the funds beneficially owned any of
the Preferred Shares of any fund as of January 7, 2002.
(3) Trustee representing the holders of the Preferred Shares.
(4) Includes 100 common shares of Premium Dividend I held by Mr. Carlin's
spouse, and 2,946 common shares held by Carlin Consolidated, Inc.
(5) Includes 1,100 common shares of Premium Dividend II held by Mr. Carlin's
spouse.

Each Board of Trustees held four meetings during its fund's 2001 fiscal
year. With respect to each fund, no Trustee attended fewer than 75% of the
aggregate of (1) the total number of meetings of the Trustees of the fund and
(2) the total number of meetings held by all committees of the Trustees on which
they served. The funds hold joint meetings of the Trustees and all committees.

Each Board of Trustees has an Audit Committee consisting of Messrs. Carlin,
Pruchansky and Toolan. All members of each fund's Audit Committee are
Independent under the New York Stock Exchange's Revised Listing Rules, and each
member is financially literate with at least one having accounting or financial
management expertise. The Board has adopted a written charter for the Audit
Committee, which is attached as Exhibit A. Each Audit Committee held four
meetings during its respective fund's 2001 fiscal year. Each Audit Committee
recommends to the full board the appointment of outside auditors for each of the
funds, oversees and monitors the audits of the funds, communicates with both the
independent auditors and inside auditors on a regular basis and provides a forum
for the auditors to report and discuss any matters they deem appropriate at any
time. Each Audit Committee reports that it has (1) reviewed and discussed each
fund's audited financial statements with management; (2) discussed with the
independent auditors the matters relating to the quality of each fund's
financial reporting as required by SAS 61; (3) received written disclosures and
an independence letter from the independent auditors required by Independent
Standards Board Standard No. 1, and discussed with the auditors their
independence; and (4), based on these discussions, recommended to the Board that
each fund's financial statements be included in each fund's annual report for
the last fiscal year.

Each Board of Trustees has a special nominating committee known as the
Administration Committee. The Administration Committee members are Messrs.
Carlin, Cunningham, Dion, Ladner, Pruchansky, Smith and Toolan. All members of
each fund's Administration Committee are Independent Trustees. Each
Administration Committee held four meetings during its respective fund's 2001
fiscal year. Each Administration Committee selects and nominates for appointment
and election candidates to serve as Trustees who are not "interested persons."
Each

Administration Committee also coordinates with Trustees who are interested
persons in the selection and election of fund officers of the respective funds.
Each Administration Committee will consider nominees recommended by shareholders
to serve as Trustees, provided that shareholders submit recommendations in
compliance with all of the pertinent provisions of Rule 14a-8 under the
Securities Exchange Act of 1934.

Each Board of Trustees has a Contracts/Operations Committee. The
Contracts/Operations Committee members are Messrs. Cunningham and Ladner. All
members of each fund's Contracts/Operations Committee are Independent Trustees.
Each Contract/Operations Committee held five meetings during its fund's 2001
fiscal year. Each Contracts/Operations Committee oversees the initiation,
operation and renewal of the various contracts between the respective funds and
other entities. These contracts include advisory and subadvisory agreements,
custodial and transfer arrangements and arrangements with other service
providers.

Each Board of Trustees has an Investment Performance Committee. The
Investment Performance Committee members are Messrs. Dion and Smith. All members
of each fund's Investment Performance Committee are Independent Trustees. The
Investment Performance Committee held four meetings during the fund's 2001
fiscal year. Each Investment Performance Committee monitors and analyzes the
performance of the respective funds generally, consults with the Adviser as
necessary if the respective fund is considered to require special attention and
to review peer groups and other comparative standards as necessary.

Compliance with Section 16(a) Reporting Requirements

Section 16(a) of the Securities Exchange Act of 1934 requires a fund's
executive officers, Trustees and persons who own more than ten percent of a
fund's shares ("10% Shareholders") to file reports of ownership and changes in
ownership with the Securities and Exchange Commission ("SEC"). Executive
officers, Trustees, and 10% Shareholders are required by SEC regulations to
furnish each fund with copies of all Section 16(a) forms they file. Based solely
on a review of the copies of these reports furnished to the funds and
representations that no other reports were required to be filed, each fund
believes that during the past fiscal year its executive officers, Trustees and
10% Shareholders complied with all applicable Section 16(a) filing requirements.

Executive Officers

In addition to the Chairman, President and Chief Executive Officer (Ms.
Ford), the table below lists each fund's executive officers.

Name, (Age), Position and Year
became an Executive Officer Principal Occupation
with the Funds During the Past Five Years
------------------------------ --------------------------

William L. Braman Executive Vice President and Chief
(Age 48) Investment Officer, each of the John
Executive Vice President and Hancock funds and the Adviser;
Chief Investment Officer Executive Vice President and Chief
2000 Investment Officer, Barring Asset
Management, London, U.K. (until May
2000).

Susan S. Newton Senior Vice President and Secretary,
(Age 51) each of the John Hancock funds; Senior
Senior Vice President and Secretary Vice President, Secretary and Chief
1993 Legal Officer, the Adviser, John
Hancock Funds, Inc., The Berkeley Group
and SAMCorp.

William H. King Vice President and Treasurer, each of
(Age 49) the John Hancock funds; Vice President,
Vice President and Treasurer the Adviser.
2001

Thomas H. Connors Vice President and Compliance Officer,
(Age 41) each of the John Hancock funds and the
Vice President and Compliance Officer Adviser; Vice President, John Hancock
1996 Funds, Inc.

Remuneration of Trustees and Officers

The following table provides information regarding the compensation paid by
the funds and the other investment companies in the John Hancock fund complex to
the Independent Trustees for their services for each fund's most recently
completed fiscal year. The two non-Independent Trustees, Ms. Ford and Mr.
DeCiccio, and each of the officers of the funds are interested persons of the
Adviser, are compensated by the Adviser and/or its affiliates and receive no
compensation from the funds for their services.

Aggregate Compensation Total Compensation
---------------------- from All Funds
Independent Premium Premium Select Global Preferred in John Hancock Fund
Trustees Dividend I Dividend II Dividend Dividend Dividend Complex to Trustees (1)
----------- ---------- ----------- -------- -------- --------- ----------------------

James F. Carlin $1,244 $1,636 $1,224 $963 $831 $75,000
William H. Cunningham* 1,315 1,728 1,387 1,092 913 72,100
Ronald R. Dion* 1,242 1,632 1,221 961 842 75,000
Charles L. Ladner 1,259 1,655 1,261 983 863 75,100
John A. Moore*+ -- -- -- -- -- 75,100
Patti McGill Peterson+ -- -- -- -- -- 72,000
Steven R. Pruchansky* 1,215 1,597 1,226 965 839 72,000
Norman H. Smith* 1,316 1,730 1,312 1,032 902 78,000
John P. Toolan* 1,146 1,503 1,150 905 789 72,000
------- ------- ------- ------- ------ --------

Totals $8,737 $11,481 $8,781 $6,901 $5,979 $666,300

(1) The total compensation paid by the John Hancock fund complex to the
Independent Trustees for the calendar year ended December 31, 2001. All the
Independent Trustees are Trustees of 36 funds in the John Hancock fund
complex.
* As of December 31, 2001, the value of the aggregate accrued deferred
compensation amount from all funds in the John Hancock fund complex for Mr.
Cunningham was $540,844, for Mr. Dion was $112,044, for Mr. Moore was
$238,982, for Mr. Pruchansky was $117,545, for Mr. Smith was $202,737 and
for Mr. Toolan was $621,800 under the John Hancock Deferred Compensation
Plan for Independent Trustees (the "Plan"). Under the Plan, an Independent
Trustee may elect to have his deferred fees invested by a fund in shares of
one or more funds in the John Hancock fund complex, and the amount paid to
the Trustees under the Plan will be determined based upon the performance of
such investments. Deferral of Trustees' fees does not obligate any fund to
retain the services of any Trustee or obligate any fund to pay any
particular level of compensation to the Trustee.
+ Mr. Moore and Ms. McGill Peterson appointed Trustees of the funds effective
January 1, 2002.

PROPOSAL 2
RATIFICATION OF SELECTION OF THE INDEPENDENT PUBLIC ACCOUNTANTS
(Common Shares and Preferred Shares of Each Fund)

The Trustees of each fund, including a majority of each fund's Independent
Trustees, have selected Deloitte & Touche, LLP ("Deloitte & Touche") to act as
independent public accountants for each fund's 2002 fiscal year. The funds' 2002
fiscal year ends are: Premium Dividend I -- September 30, 2002; Premium Dividend
II -- October 31, 2002; Select Dividend -- June 30, 2002; Global Dividend --
July 31, 2002; and Preferred Dividend -- May 31, 2002. Each fund paid the
following audit fees for the funds' 2001 fiscal year end: Premium Dividend I,
$54,350; Premium Dividend II, $56,150; Select Dividend, $62,750; Global
Dividend, $49,050; and Preferred Dividend, $28,250.

Deloitte & Touche has advised the funds that it has no direct or indirect
financial interest in any of the funds. This selection is subject to the
approval by the shareholders of the funds at the meetings. The enclosed proxy
card provides space for instructions directing the proxies named on the card to
vote for, against, or abstain from ratifying that selection. A representative of
Deloitte & Touche is expected to be present at the meeting, will have the
opportunity to make a statement if the representative desires to do so and will
be available to respond to appropriate questions relating to the examination of
the funds' financial statements.

The Boards of Trustees, including all the Independent Trustees, unanimously
recommend that shareholders ratify the selection of Deloitte & Touche as
independent public accountants of the funds.

Vote Required to Ratify the Selection of Independent Public Accountants

The approval of a "majority" (as described below) of the Common Shares and
the Preferred Shares, voting as a single class, of each fund is required to
ratify the selection of Deloitte & Touche as such fund's independent public
accountants for that fund's 2002 fiscal year.

MISCELLANEOUS

Voting; Quorum; Adjournment

The following vote is required to approve each respective proposal:

Proposal Vote Required
--------------------------------------------------------------------------------

Election of Trustees For each class, a plurality of all votes
(Proposal 1) cast, assuming a quorum exists.*

A "plurality" means that the five nominees
up for election by the Common Shares and
the one nominee up for election by the
Preferred Shares receiving the greatest
number of votes of the Common Shares or
Preferred Shares, as the case may be, will
be elected as Trustees, regardless of the
number of votes cast.

Common and Preferred Classes vote
separately on this proposal.

Proposal Vote Required
--------------------------------------------------------------------------------

Ratification of Public Accountants The affirmative vote of more than 50% of
(Proposal 2) the votes cast, assuming a quorum exists.*

Common and Preferred Classes vote together
as a single class on this proposal.

* In order for a "quorum" to exist, a majority of the shares outstanding and
entitled to vote must be present at the meeting, either in person or by
proxy, determined in accordance with the table below.

Proposals 1 and 2 in this proxy statement are considered routine matters on
which brokers holding shares in "street name" may vote without instruction under
the rules of the New York Stock Exchange. While, as noted above, both of the
proposals in this proxy statement are routine, for non-routine proposals,
brokers that are member organizations of the New York Stock Exchange may vote
Preferred Shares for which they have not received instructions in proportion to
the shares for which they have received instructions. Proportionate voting of
Preferred Shares may occur on a non-routine proposal only if: (i) at least 30%
of the Preferred Shares of the fund outstanding and entitled to vote have been
voted; (ii) less than 10% of such Preferred Shares voted against the proposal;
(iii) the shareholders of the Common Shares of the fund have approved the
proposal (except with respect to plurality votes); and (iv) a majority of the
Independent Trustees of the fund have approved the proposal.

The following table summarizes how the quorum and voting requirements are
determined.

Shares Quorum Voting
--------------------------------------------------------------------------------

In General All shares "present" in Shares present in person
person or by proxy are will be voted in person
counted in determining by the shareholder at
whether a quorum exists. the meeting. Shares
present by proxy will be
voted by the proxyholder
in accordance with
instructions specified
in the proxy.

Broker Non-Vote Not considered "present" Disregarded. Because broker
for determining whether non-votes are not votes
a quorum exists. "cast", broker non-votes
will have no effect on
whether a proposal is
approved.

Proxy with No Voting Considered "present" for Will be voted "for" the
Instruction (other determining whether a proposal by the
than Broker Non-Vote) quorum exists. proxyholder.

Shares (continued) Quorum Voting
--------------------------------------------------------------------------------

Vote to Abstain Considered "present" for Disregarded. Because
determining whether a abstentions are not votes
quorum exists. "cast", abstentions will
have no effect on whether a
proposal is approved.

Proportionately Voted Considered "present" for Voted in proportion to
Preferred Shares with determining whether a Preferred Shares for which
No Voting Instruction quorum exists. the broker received
instructions.

If a quorum is not present, the persons named as proxies may vote their
proxies to adjourn the meeting to a later date. If a quorum is present, but
there are insufficient votes to approve any proposal, the persons named as
proxies may propose one or more adjournments of the meeting to permit further
solicitation. Shareholder action may be taken on one or more proposals prior to
such adjournment. Proxies instructing a vote for a proposal will be voted in
favor of an adjournment with respect to that proposal, and proxies instructing a
vote against a proposal will be voted against an adjournment with respect to
that proposal.

Expenses and Methods of Solicitation

The costs of the meeting, including the solicitation of proxies, will be
paid by the funds. Persons holding shares as nominees will be reimbursed by the
relevant fund, upon request, for their reasonable expenses in sending soliciting
material to the principals of the accounts. In addition to the solicitation of
proxies by mail, Trustees, officers and employees of the funds or of the funds'
investment adviser may solicit proxies in person or by telephone. John Hancock
Advisers, Inc., 101 Huntington Avenue, Boston, Massachusetts 02199-7603, serves
as each fund's investment adviser and serves as the administrator of Premium
Dividend I, Premium Dividend II, Select Dividend, Global Dividend and Preferred
Dividend. Georgeson Shareholder has been retained to assist in the solicitation
of proxies at a cost of approximately $24,000 plus reasonable expenses.

Telephone Voting

In addition to soliciting proxies by mail, by fax or in person, the funds
may also arrange to have votes recorded by telephone by officers and employees
of the funds or by the personnel of the adviser or the transfer agent or
solicitor. The telephone voting procedure is designed to verify a shareholder's
identity, to allow a shareholder to authorize the voting of shares in accordance
with the shareholder's instructions and to confirm that the voting instructions
have been properly recorded. If these procedures were subject to a successful
legal challenge, the telephone votes would not be counted at the meeting. The
funds have not obtained an opinion of counsel about telephone voting, but they
are currently not aware of any challenge.

o A shareholder will be called on a recorded line at the telephone number
in the funds' account records and will be asked to provide the
shareholder's social security number or other identifying information.

o The shareholder will then be given an opportunity to authorize proxies
to vote his or her shares at the meeting in accordance with the
shareholder's instructions.

o To ensure that the shareholder's instructions have been recorded
correctly, the shareholder will also receive a confirmation of the
voting instructions by mail.

o A toll-free number will be available in case the voting information
contained in the confirmation is incorrect.

If the shareholder decides after voting by telephone to attend the meeting,
the shareholder can revoke the proxy at that time and vote the shares at the
meeting.

Other Matters

The management of the funds knows of no business to be brought before the
meeting except as mentioned above. If, however, any other matters were properly
to come before the meeting, the persons named in the enclosed form of proxy
intend to vote on such matters in accordance with their best judgment. If any
shareholders desire additional information about the matters proposed for
action, the management will provide further information.

The meeting is scheduled as a joint meeting of the respective shareholders
of the funds because the shareholders of all the funds are generally expected to
consider and vote on similar matters. The Boards of Trustees of the funds have
determined that the use of this joint Proxy Statement for the meeting is in the
best interest of each fund's shareholders. In the event that any shareholder
present at the meeting objects to the holding of a joint meeting and moves for
an adjournment of his or her particular fund's meeting to a time immediately
after the meeting so that his or her particular fund's meeting may be held
separately, the persons named as proxies will vote in favor of such adjournment.

The shareholders of each fund will vote separately on each proposal, and
voting by shareholders of one fund will have no effect on the outcome of voting
by shareholders of the other funds.

SHAREHOLDER PROPOSALS

Shareholder proposals intended to be presented at a fund's annual meeting to
be held in 2003 must be received by the fund at its offices at 101 Huntington
Avenue, Boston, Massachusetts, no later than October 11, 2002 for inclusion in
that fund's proxy statement and form of proxy relating to that meeting.

IT IS IMPORTANT THAT PROXIES BE RETURNED PROMPTLY

Dated: January 24, 2002

EXHIBIT A

AUDIT COMMITTEE CHARTER

For the John Hancock Funds

The Audit Committee shall be composed of Independent Trustees only. The
membership of the Committee shall consist of at least three Trustees who are
each free of any relationship that, in the opinion of the Independent Trustees,
may interfere with such member's individual exercise of independent judgment.
Each Audit Committee member shall also meet the independence and financial
literacy requirements for serving on audit committees, and at least one member
shall have accounting or related financial management expertise, all as set
forth in the applicable rules of the New York Stock Exchange and American Stock
Exchange. One member of the Committee shall be appointed as chair. The chair
shall be responsible for leadership of the Committee, including scheduling and
presiding over meetings, preparing agendas and making regular reports to the
Independent Trustees. The Committee shall meet at least four times a year, or
more frequently as the Committee considers necessary. It shall be the
responsibility of the Committee to oversee the funds' auditing and accounting
process, recommend to the full Board of Trustees the appointment of auditors for
each of the funds, monitor the audits of the funds, communicate with both the
external auditors and internal auditors on a regular basis, and provide a
conduit for such auditors to report and discuss any matters they deem
appropriate at any time. The Committee shall also perform other tasks assigned
to it, from time to time, by the Independent Trustees and, in all cases, will
report its findings and recommendations to the Independent Trustees or the
Committee on Administration.

The Committee's responsibilities include:

1. Recommending to the Board of Trustees the appointment of external
auditors for each fund annually through the selection, evaluation and,
where appropriate, replacement of the external auditor, and ensuring
that the external auditors are ultimately accountable to the Audit
Committee and the Board of Trustees.

2. Meeting with the external auditors, the internal auditors, and the
funds' senior management to review the form and substance of the funds'
financial statements and reports.

3. Reviewing the funds' internal and external audit functions and the
extent and quality of the auditing program, including implementation of
the Code of Ethics.

4. Reviewing and discussing with the external auditors their objectivity,
independence and accountability by meeting with the external auditors at
least twice a year and receiving formal written statements from the
external auditors describing their reporting relationships with the
Audit Committee consistent with the Independent Standards Board Standard
No. 1.

5. Recommending to the Board of Trustees that it take appropriate action to
satisfy itself of the external auditor's independence.

6. Reviewing any problems that may arise out of a fund's accounting,
auditing or financial reporting functions.

7. Reviewing the auditing and other fees charged by the external auditing
firms.

8. Monitoring the procedures for allocating fund brokerage, the allocation
of trades among various accounts under management and the fees and other
charges for fund brokerage.

9. Reviewing operating and internal control structure of custodian banks
and transfer agents, including procedures to safeguard fund assets.

The Committee's job is one of oversight. Management is responsible for the
preparation of the Company's financial statements and the external auditors are
responsible for auditing those financial statements. The Committee and the Board
of Trustees recognize that management (including the internal audit staff) and
the external auditors have more resources and time and more detailed knowledge
and information regarding the Company's accounting, auditing, internal control
and financial reporting practices than the Committee does; accordingly, the
Committee's oversight role does not provide any expert or special assurance as
to the financial statements and other financial information provided by the
Company to its shareholders and others.

P R O X Y

JOHN HANCOCK PATRIOT PREMIUM DIVIDEND FUND I

The undersigned holder of Dutch Auction Rate Transferable Securities of
beneficial interest ("Preferred Shares") of John Hancock Patriot Premium
Dividend Fund I hereby constitutes and appoints Maureen R. Ford, William H. King
and Susan S. Newton, and each of them singly, proxies and attorneys of the
undersigned, with full power of substitution to each, for and in the name of the
undersigned, to vote and act upon all matters at the Annual Meeting of
Shareholders of the Fund to be held on Thursday, March 7, 2002 at the offices
of the Fund, 101 Huntington Avenue, Boston, Massachusetts, at 9:00 a.m., Eastern
time, and at any and all adjournments thereof, in respect to all Preferred
Shares of the Fund held by the undersigned or in respect of which the
undersigned would be entitled to vote or act, with all the powers the
undersigned would possess if personally present. All proxies previously given by
the undersigned in respect of said meeting are hereby revoked.

1: To elect John M. DeCiccio to serve as Trustee of the Fund.

[ ] FOR [ ] VOTE WITHHELD

2: To ratify the selection of Deloitte & Touche LLP as independent public
accountants.

[ ] FOR [ ] AGAINST [ ] ABSTAIN

P2PXC 1/02

Specify your vote by check marks in the appropriate space. This proxy
will be voted as specified. If no specification is made, the proxy will be voted
for the nominees named in the proxy statement and in favor of proposal 2. The
persons named as proxies have discretionary authority, which they intend to
exercise in favor of the proposals referred to and according to their best
judgment as to the other matters which properly come before the meeting.

PLEASE COMPLETE, SIGN, DATE AND RETURN THIS PROXY IN THE ENCLOSED
ENVELOPE AS SOON AS POSSIBLE. PLEASE SIGN EXACTLY AS YOUR NAME OR NAMES
APPEAR IN THE BOX ON THE LEFT. WHEN SIGNING AS ATTORNEY, EXECUTOR,
ADMINISTRATOR, TRUSTEE OR GUARDIAN, PLEASE GIVE YOUR FULL TITLE AS
SUCH. IF A CORPORATION, PLEASE SIGN IN FULL CORPORATE NAME BY PRESIDENT
OR OTHER AUTHORIZED OFFICER. IF A PARTNERSHIP, PLEASE SIGN IN
PARTNERSHIP NAME BY AUTHORIZED PERSON.

Date________________________________________________________ ,2002

__________________________________________________________________

Signature(s) of Shareholder(s)

THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES

JOHN HANCOCK PATRIOT PREMIUM DIVIDEND FUND I

Annual Meeting of Shareholders
March 7, 2002

The undersigned holder of common shares of beneficial interest of John Hancock
Patriot Premium Dividend Fund I hereby appoints MAUREEN R. FORD, WILLIAM H. KING
and SUSAN S. NEWTON, and each of them singly, proxies and attorneys of the
undersigned, with full power of substitution to each, for and in the name of the
undersigned, to vote and act upon all matters at the Annual Meeting of
Shareholders of the Fund to be held on Thursday, March 7, 2002 at the offices
of the Fund, 101 Huntington Avenue, Boston, Massachusetts, at 9:00 a.m., Eastern
time, and at any and all adjournments thereof, in respect of all common shares
of the Fund held by the undersigned or in respect of which the undersigned would
be entitled to vote or act, with all powers the undersigned would possess if
personally present. All proxies previously given by the undersigned in respect
of said meeting are hereby revoked.

--------------------------------------------------------------------------------
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
--------------------------------------------------------------------------------

Please complete, sign, date and return this proxy in the enclosed envelope as
soon as possible. Please sign exactly as your name or names appear in the box on
the reverse. When signing as Attorney, Executor, Administrator, Trustee or
Guardian, please give your full title as such. If a corporation, please sign in
full corporate name by president or other authorized officer. If a partnership,
please sign in partnership name by authorized person.

HAS YOUR ADDRESS CHANGED?

-----------------------------------------------

[ X ] Please mark votes as in this example.

THIS PROXY IS SOLICITED BY THE BOARD OF TRUSTEES

1. To elect the following nominees to serve as Trustees of the Fund.

(01) James F. Carlin, (02) William H. Cunningham,
(03) John P. Toolan, (04) Patti McGill Peterson,
(05) John A. Moore

FOR WITHHOLD
ALL [ ] FROM ALL [ ]
NOMINEES NOMINEES

[ ] _______________________________________
For all nominees except as noted above

--------------------------------------------------------------------------------
JOHN HANCOCK
--------------------------------------------------------------------------------
PATRIOT PREMIUM DIVIDEND FUND I

2. To ratify the selection of For Against Abstain
Deloitte & Touche LLP as Inde-
pendent public accountants. [ ] [ ] [ ]

Mark box at right if address change has
been noted on the reverse side of this card. [ ]

Specify your vote by marking the appropriate spaces. If no specification is
made, this proxy will be voted for the nominees named in the proxy statement and
in favor of proposal 2. The persons named as proxies have discretionary
authority, which they intend to exercise in favor of the proposals referred to
and according to their best judgment as to the other matters which may properly
come before the meeting.

Please be sure to sign and date this Proxy.

Signature: ___________ Date: ___________ Signature: ___________ Date: _________