<PAGE>
WORLD MONITOR TRUST--
SERIES C
MONTHLY REPORT/
MARCH 26, 1999
<PAGE>
WORLD MONITOR TRUST--SERIES C
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Dear Interest Holder:
Enclosed is the report for the period from February 27, 1999 to March 26, 1999
for World Monitor Trust--Series C (the 'Trust'). The net asset value of an
interest as of March 26, 1999 was $106.71, an increase of 1.05% from the
February 26, 1999 value of $105.60. The 1999 calendar year-to-date return for
the Trust was an increase of 2.39% as of March 26, 1999.
First quarter trading resulted in net profits for the Trust. Gains were
experienced in the index, financial, currency, energy, grain and soft sectors.
Losses were incurred in the metal and meat sectors.
A smooth transition to a single European currency in January gave currency
markets increasing comfort with the Euro as the trading vehicle of choice
throughout Europe. The U.S. dollar rose against the Euro and other major
currencies as evidence mounted for the continued relative strength of the U.S.
economy and on safe-haven buying in response to uncertainty caused by NATO
military attacks on Yugoslavia late in the quarter. Long U.S. dollar and U.S.
dollar crossrate positions provided profits.
Energy markets continued to set new highs, propelled by OPEC's announcement to
make substantial cuts in crude oil exports. Short energy positions were reversed
mid quarter, thus the Trust capitalized on declining prices in February and
rising prices in March.
In the financial sector, short-term Japanese debt instruments were boosted by
Japan's efforts to lower rates. In the index sector, most European and Asian
stock indices experienced solid gains and followed the Dow Jones Industrial
Average as it rose through the 10,000 level leading to Trust profits.
The estimated net asset value per interest as of April 30, 1999 was $110.53.
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....................... $ 740,026
Change in unrealized commodity
positions.......................... (511,470)
Interest income...................... 54,718
---------
283,274
---------
Expenses:
Commissions.......................... 84,373
Management fee....................... 21,756
Incentive fee........................ 28,184
---------
134,313
---------
Net gain............................. $ 148,961
---------
---------
</TABLE>
<TABLE>
STATEMENT OF CHANGES IN NET ASSET VALUE
- --------------------------------------------------
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 (125,963.803
interests)............... $13,301,902 $105.60
Contributions.............. 1,462,526
Net gain................... 148,961
Redemptions................ (107,900)
-----------
Net asset value at end of
period (138,746.034
interests)............... $14,805,489 106.71
----------- -------
-----------
Change in net asset
value per interest.................... $ 1.11
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-------
Percentage change....................... 1.05%
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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 C is accurate and
complete.
PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC.
by: /s/ Barbara J. Brooks
--------------------
Barbara J. Brooks
Chief Financial Officer
