<PAGE>
WORLD MONITOR TRUST--
SERIES A
MONTHLY REPORT/
MARCH 26, 1999
<PAGE>
WORLD MONITOR TRUST--SERIES A
- --------------------------------------------------------------------------------
Dear Interest Holder:
Enclosed is the report for the period from February 27, 1999 to March 26, 1999
for World Monitor Trust--Series A (the 'Trust'). The net asset value of an
interest as of March 26, 1999 was $101.65, an increase of .14% from the February
26, 1999 value of $101.51. The 1999 calendar year-to-date return for the Trust
was an increase of 3.40%.
First quarter trading resulted in a flat performance. The currency and grain
sectors accumulated profits, while losses were incurred in the financial, index,
energy, and metals sectors.
During the quarter the Trust recognized gains from a strong U.S. dollar. Profits
were derived from crossrate positions which were long the U.S. dollar and short
Deutsche mark, Swiss franc and Scandinavian currencies. The U.S. dollar
benefited from the considerable slow down in European growth and the market
sentiment that the European Central Bank will have to smooth the transition to
the Euro by cutting rates. U.S. dollar positions against the Swedish and
Norwegian krone benefited further from economic slowdown and confusing
government policies in both countries. The Trust also benefited from a long U.S.
dollar/short Singapore dollar position. Some U.S. dollar crossrate profits were
offset by long U.S. dollar/short British pound positions, which were liquidated
at losses. Profits recognized in the currency sector were, however, partially
offset by losses in the financial sector as global fixed income markets
experienced high volatility causing the liquidation of some positions at a loss.
The estimated net asset value per interest as of April 30, 1999 was $104.61.
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,
/s/ Joseph A. Filicetti
-------------------------
Joseph A. Filicetti
President and Director
PRUDENTIAL SECURITIES
FUTURES MANAGEMENT INC.
We are pleased to announce that effective April 1999, Eleanor L. Thomas and
Joseph A. Filicetti have been elected by the Board of Directors of Prudential
Securities Futures Management Inc. as directors. In addition, Mr. Filicetti has
also been elected by the Board of Directors as President of Prudential
Securities Futures Management Inc. replacing Thomas M. Lane. Mr. Filicetti
joined Prudential Securities Incorporated in September 1998 and is the Director
of Sales and Marketing for Managed Futures.
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>
STATEMENT OF OPERATIONS
<CAPTION>
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For the period from February 27, 1999 to
March 26, 1999
<S> <C>
Revenues:
Realized loss on commodity
transactions.......................... $(76,453)
Change in unrealized commodity
positions............................. 156,039
Interest income......................... 53,276
--------
132,862
--------
Expenses:
Commissions............................. 82,249
Management fee.......................... 21,195
--------
103,444
--------
Net gain................................ $ 29,418
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--------
</TABLE>
<TABLE>
STATEMENT OF CHANGES IN NET ASSET VALUE
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For the period from February 27, 1999 to
March 26, 1999
<CAPTION>
Per
Total Interest
----------- --------
<S> <C> <C>
Net asset value at beginning
of period (129,291.387
interests).................. $13,124,871 $ 101.51
Additional contributions...... 1,515,684
Net gain...................... 29,418
Redemptions................... (23,792)
-----------
Net asset value at end of
period (144,084.497
interests).................. $14,646,181 101.65
----------- --------
-----------
Change in net asset
value per interest....................... $ .14
--------
--------
Percentage change.......................... .14%
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--------
</TABLE>
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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: /s/ Barbara J. Brooks
---------------------
Barbara J. Brooks
Chief Financial Officer
