WORLD MONITOR TRUST SERIES A
424B3, 1998-07-30
INVESTORS, NEC
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<PAGE>

    WORLD MONITOR TRUST--
    SERIES A
    MONTHLY REPORT/
    JUNE 26, 1998

<PAGE>
         WORLD MONITOR TRUST--SERIES A
- --------------------------------------------------------------------------------
Dear Limited Partner:

We are pleased to welcome you as an investor in World Monitor Trust--Series A
(the 'Trust') which commenced trading on June 10, 1998. As an investor in the
Trust, you will receive a Monthly Report containing financial information
monthly and market commentary quarterly.

Enclosed is the Trust's report for the period from June 10, 1998 to June 26,
1998. The net asset value of an interest as of June 26, 1998 was $98.90, a
decrease of 1.10% from the Trust's initial $100 value.

June trading resulted in losses in all sectors traded. These sectors included
grain, index, energy and currency sectors.

Grain sector positions, particularly in corn, lost value due, in part, to price
volatility caused by changing weather conditions. In the index sector, the Trust
incurred losses in the German DAX as that index gained on the month.
Heating oil positions in the energy sector declined in value as the prices
dropped on indications of oversupply. In the currency sector, positions in the
British pound lost as its value rose versus the U.S. dollar as investors used
the pound as a safe haven from the deutsche mark. The Trust lost value in the
Canadian dollar as well.

The estimated net asset value per interest as of July 20, 1998 was $98.61. Past
performance is not necessarily indicative of future results.

Should you have any questions, please contact your Prudential Securities
Financial Advisor. For account status inquiries, contact Prudential Securities
Client Services at 1-800-535-2077.

          Sincerely yours,

          Thomas M. Lane, Jr.
          President and Director
          PRUDENTIAL SECURITIES
          FUTURES MANAGEMENT INC.

Please note that the value which appears on your Prudential Securities statement
is an estimated value at calendar month-end. The actual value as of the last
Friday of the month is contained in this report.

<TABLE>
<CAPTION>
STATEMENT OF OPERATIONS
- --------------------------------------------------
For the period from June 10, 1998 (inception of
  trading) to June 26, 1998
<S>                                       <C>
Revenues:
Realized loss on commodity
  transactions.........................   $(40,404)
Change in unrealized commodity
  positions............................    (23,896)
Interest income........................     16,515
                                          --------
                                           (47,785)
                                          --------
Expenses:
Commissions............................     23,279
Management fee.........................      6,002
                                          --------
                                            29,281
                                          --------
Net loss...............................   $(77,066)
                                          --------
                                          --------
</TABLE>

<TABLE>
<CAPTION>
STATEMENT OF CHANGES IN NET ASSET VALUE
- ---------------------------------------------------
For the period from June 10, 1998 (inception of
  trading) to June 26, 1998
                                              Per
                                 Total      Interest
                               ----------   -------
<S>                            <C>          <C>
Initial contributions (10
  interests).................  $    1,000   $100.00
Additional contributions.....   7,092,977
Net loss.....................     (77,066)
                               ----------
Net asset value at end of
  month (70,948.211
  interests).................  $7,016,911     98.90
                               ----------
                               ----------
                                            -------
Change in net asset
  value per interest.....................   $ (1.10)
                                            -------
                                            -------
Percentage change........................     (1.10)%
                                            -------
                                            -------
</TABLE>
- ------------------------------------------------------
I hereby affirm that, to the best of my knowledge and belief, the information
contained herein relating to World Monitor Trust--Series A is accurate and
complete.

                         PRUDENTIAL SECURITIES FUTURES
                                MANAGEMENT INC.

                             by: Barbara J. Brooks
                                   Treasurer


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