<PAGE>
WORLD MONITOR TRUST--
SERIES C
MONTHLY REPORT/
OCTOBER 30, 1998
<PAGE>
<PAGE>
WORLD MONITOR TRUST--SERIES C
- --------------------------------------------------------------------------------
Dear Interest Holder:
Enclosed is the report for the period from September 26, 1998 to October 30,
1998 for World Monitor Trust--Series C (the 'Trust'). The net asset value of an
interest as of October 30, 1998 was $105.05, an increase of 1.09% from the
September 25, 1998 value of $103.92. The 1998 year-to-date return for the Trust,
which commenced trading June 10, 1998, was an increase of 5.05% as of October
30, 1998.
The estimated net asset value per interest as of November 17, 1998 was $98.03.
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/ Thomas M. Lane, Jr.
----------------------
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 September 26, 1998 to
October 30, 1998
<S> <C>
Revenues:
Realized gain on commodity
transactions............................. $ 228,327
Change in unrealized commodity
positions................................ (119,825)
Interest income............................ 51,067
---------
159,569
---------
Expenses:
Commissions................................ 69,149
Management fee............................. 17,978
Incentive fee.............................. 4,916
---------
92,043
---------
Net gain................................... $ 67,526
---------
---------
</TABLE>
<TABLE>
<CAPTION>
STATEMENT OF CHANGES IN NET ASSET VALUE
- --------------------------------------------------------
For the period from September 26, 1998 to
October 30, 1998
Per
Total Interest
<S> <C> <C>
---------- -------
Net asset value at beginning
of month (81,214.594
interests)...................... $8,439,956 $103.92
Contributions..................... 905,494
Net gain.......................... 67,526
Redemptions....................... (22,467)
----------
Net asset value at end of
month (89,390.955 interests).... $9,390,509 105.05
----------
----------
-------
Change in net asset
value per interest.......................... $ 1.13
-------
-------
Percentage change............................. 1.09%
-------
-------
</TABLE>
- ------------------------------------------------------
I hereby affirm that, to the best of my knowledge and belief, the information
contained herein relating to World Monitor Trust--Series C is accurate and
complete.
PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC.
/s/ Barbara J. Brooks
------------------------
by: Barbara J. Brooks
Chief Financial Officer
