<PAGE>
WORLD MONITOR TRUST--
SERIES C
MONTHLY REPORT/
JANUARY 29, 1999
<PAGE>
WORLD MONITOR TRUST--SERIES C
- --------------------------------------------------------------------------------
Dear Interest Holder:
Enclosed is the report for the period from December 26, 1998 to January 29, 1999
for World Monitor Trust--Series C (the 'Trust'). The net asset value of an
interest as of January 29, 1999 was $102.69, an increase of .56% from the
December 25, 1998 value of $102.12. The 1999 calendar year-to-date return for
the Trust was a decrease of 1.47% as of January 29, 1999.
The estimated net asset value per interest as of February 11, 1999 was $103.06.
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>
STATEMENT OF OPERATIONS
- -------------------------------------------------
<S> <C>
For the period from December 26, 1998 to
January 29, 1999
Revenues:
Realized loss on commodity
transactions....................... $(107,692)
Change in unrealized commodity
positions.......................... 224,624
Interest income...................... 52,432
---------
169,364
---------
Expenses:
Commissions.......................... 85,630
Management fee....................... 22,066
---------
107,696
---------
Net gain............................. $ 61,668
---------
---------
</TABLE>
<TABLE>
STATEMENT OF CHANGES IN NET ASSET VALUE
- --------------------------------------------------
For the period from December 26, 1998 to
January 29, 1999
<CAPTION>
Per
Total Interest
----------- -------
<S> <C> <C>
Net asset value at
beginning
of period (107,870.548
interests)............... $11,016,024 $102.12
Contributions.............. 944,396
Net gain................... 61,668
Redemptions................ (56,931)
-----------
Net asset value at end of
period (116,516.150
interests)............... $11,965,157 102.69
----------- -------
-----------
Change in net asset
value per interest.................... $ .57
-------
-------
Percentage change....................... .56%
-------
-------
</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.
by: /s/ Barbara J. Brooks
--------------------
Barbara J. Brooks
Chief Financial Officer
