<PAGE>
WORLD MONITOR TRUST--
SERIES B
MONTHLY REPORT/
MARCH 26, 1999
<PAGE>
WORLD MONITOR TRUST--SERIES B
- --------------------------------------------------------------------------------
Dear Interest Holder:
Enclosed is the report for the period from February 27, 1999 to March 26, 1999
for World Monitor Trust--Series B (the 'Trust'). The net asset value of an
interest as of March 26, 1999 was $114.88, an increase of 2.12% from the
February 26, 1999 value of $112.49. The 1999 calendar year-to-date return for
the Trust was an increase of 2.58% as of March 26, 1999.
First quarter trading resulted in net gains. Profits were generated in the
financial, index, energy and currency sectors. Losses were incurred in the metal
sector.
Long positions in the index sector benefited from a global rally in equities. In
the financial sector, the German bund and new Euribor contracts showed strength
in the Euro's opening month, adding small profits. A slide in U.S. Treasury bond
contracts added the largest share of profits in the financial sector. Long-term
interest rate trading in Australian and European bonds was uniformly profitable
as their rates followed those in the U.S.
The metal sector rallied until events in Kosovo caused a sharp reversal,
resulting in small losses.
The estimated net asset value per interest as of April 30, 1999 was $120.55.
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 gain on commodity
transactions............................. $ 603,916
Change in unrealized commodity
positions................................ (181,354)
Interest income............................ 57,469
---------
480,031
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Expenses:
Commissions................................ 88,391
Management fee............................. 22,864
Incentive fee.............................. 62,208
---------
173,463
---------
Net gain................................... $ 306,568
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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 (123,282.215
interests)..................... $13,868,407 $112.49
Contributions.................... 1,619,597
Net gain......................... 306,568
Redemptions...................... (151,249)
-----------
Net asset value at end of
period (136,172.998
interests)..................... $15,643,323 114.88
----------- -------
-----------
Change in net asset
value per interest.......................... $ 2.39
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-------
Percentage change............................. 2.12%
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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 B is accurate and
complete.
PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC.
by: /s/ Barbara J. Brooks
----------------------
Barbara J. Brooks
Chief Financial Officer
