  We perform an su(2) Hamiltonian reduction in the bosonic sector of the
su(2)-invariant action for two free (4, 4, 0) supermultiplets. As a result, we
get the five dimensional N=4 supersymmetric mechanics describing the motion of
an isospin carrying particle interacting with a Yang monopole. We provide the
Lagrangian and Hamiltonian descriptions of this system. Some possible
generalizations of the action to the cases of systems with a more general
bosonic action, a four-dimensional system which still includes eight fermionic
components, and a variant of five-dimensional N=4 mechanics constructed with
the help of the ordinary and twisted N=4 hypermultiplets were also considered.
