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WORLD MONITOR TRUST--
SERIES B
MONTHLY REPORT/
MAY 28, 1999
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WORLD MONITOR TRUST--SERIES B
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Dear Interest Holder:
Enclosed is the report for the period from May 1, 1999 to May 28, 1999 for World
Monitor Trust--Series B (the 'Trust'). The net asset value of an interest as of
May 28, 1999 was $120.98, an increase of 0.35% from the April 30, 1999 value of
$120.56. The 1999 calendar year-to-date return for the Trust was an increase of
8.04% as of May 28, 1999.
The estimated net asset value per interest as of June 10, 1999 was $122.67. 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.
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
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<CAPTION>
For the period from May 1, 1999 to
May 28, 1999
<S> <C>
Revenues:
Realized gain on commodity
transactions.......................... $ 477,954
Change in unrealized commodity
positions............................. (355,334)
Interest income......................... 66,900
---------
189,520
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Expenses:
Commissions............................. 108,431
Management fee.......................... 28,305
Incentive fee........................... (2,823)
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133,913
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Net gain................................ $ 55,607
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</TABLE>
<TABLE>
STATEMENT OF CHANGES IN NET ASSET VALUE
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For the period from May 1, 1999 to
May 28, 1999
<CAPTION>
Per
Total Interest
<S> <C> <C>
----------- -------
Net asset value at beginning
of period (145,813.776
interests).................. $17,578,962 $120.56
Contributions................. 656,900
Net gain...................... 55,607
Redemptions................... (41,351)
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Net asset value at end of
period (150,852.159
interests).................. $18,250,118 120.98
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-----------
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Change in net asset
value per interest....................... $ 0.42
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Percentage change.......................... 0.35%
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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.
/s/ Barbara J. Brooks
by: Barbara J. Brooks
Chief Financial Officer