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MERRILL LYNCH INVESTMENT PARTNERS INC.
[LOGO]
ML JWH STRATEGIC
ALLOCATION FUND L.P.
MONTHLY STATEMENT AUGUST 1998
[MERRILL LYNCH LOGO]
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ML JWH STRATEGIC ALLOCATION FUND L.P.
The Net Asset Value per Unit of ML JWH Strategic Allocation Fund L.P. (the
"Fund") increased 9.68% in August to $143.13 per Unit on August 31, 1998 from
$130.50 on July 31, 1998.
FOR THE EXCLUSIVE USE OF INVESTORS IN ML JWH STRATEGIC ALLOCATION FUND L.P.
THIS MONTHLY REPORT IS NOT AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO
BUY ANY SECURITIES. AN OFFER CAN ONLY BE MADE BY THE CURRENT PROSPECTUS, AS
SUPPLEMENTED, TOGETHER WITH SUMMARY FINANCIAL INFORMATION FOR THE FUND CURRENT
WITHIN 60 DAYS. THESE MATERIALS CONTAIN IMPORTANT INFORMATION ABOUT RISK
FACTORS, PERFORMANCE AND OTHER ASPECTS OF THE FUND AND MUST BE READ CAREFULLY
BEFORE INVESTING. FUTURES TRADING IS SPECULATIVE AND INVOLVES A HIGH DEGREE OF
RISK. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
THIS MONTHLY REPORT MUST NOT BE REPRODUCED OR DISTRIBUTED IN ANY MANNER.
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ML JWH STRATEGIC ALLOCATION FUND L.P.
AUGUST 31, 1998
STATEMENT OF CHANGES
IN NET ASSET VALUE
(UNAUDITED)
<TABLE>
<S> <C>
Net Asset Value (1,474,161 Units) at $192,375,916
July 31, 1998
Additions of 275,394 Units 35,938,917
Net Income/(Loss) for August 1998 22,093,717
Redemptions of 24,318 Units (3,480,635)
------------
Net Asset Value (1,725,237 Units) at
August 31, 1998 $246,927,915)
------------
------------
Net Asset Value per Unit at
August 31, 1998 $ 143.13
------------
------------
<CAPTION>
- -------------------------------------------------------------------------------
STATEMENT OF INCOME/(LOSS)
(UNAUDITED)
August
------------
<S> <C>
Revenues:
Realized Profit/(Loss) $ 2,377,294
Change in Unrealized Profit/(Loss) 22,240,088
------------
Total Trading Results 24,617,382
Interest Income 1,024,156
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Total Revenues 25,641,538
Expenses:
Brokerage Commissions 1,640,981
Administrative Fees 52,935
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Total Expenses 1,693,916
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Income/(Loss) Before Special Profit
Share Allocation and Minority Interest 23,947,622
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Minority Interest (12,674)
Special Profit Share Allocation (1,841,231)
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Net Income/(Loss) $ 22,093,717
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</TABLE>
TO THE BEST OF THE KNOWLEDGE AND BELIEF OF THE UNDERSIGNED THE INFORMATION
CONTAINED IN THIS REPORT IS ACCURATE AND COMPLETE.
/s/ Jo Ann Di Dario
----------------------------------------
Jo Ann Di Dario
Chief Financial Officer
MERRILL LYNCH INVESTMENT PARTNERS INC.
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Please notify the following of any address changes:
MERRILL LYNCH INVESTMENT PARTNERS INC.
Merrill Lynch World Headquarters
South Tower
World Financial Center
New York, New York 10080-6106
JWHSDOM
