<PAGE>
WORLD MONITOR TRUST--
SERIES C
MONTHLY REPORT/
AUGUST 27, 1999
<PAGE>
WORLD MONITOR TRUST--SERIES C
- --------------------------------------------------------------------------------
Dear Interest Holder:
Enclosed is the report for the period from July 31, 1999 to August 27, 1999 for
World Monitor Trust--Series C (the 'Trust'). The net asset value of an interest
as of August 27, 1999 was $105.10, a decrease of 6.14% from the July 30, 1999
value of $111.98. The 1999 calendar year-to-date return for the Trust was an
increase of 0.84% as of August 27, 1999.
The estimated net asset value per interest as of September 10, 1999 was $106.02.
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>
<CAPTION>
STATEMENT OF OPERATIONS
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For the period from July 31, 1999 to
August 27, 1999
Revenues:
<S> <C>
Realized loss on commodity
transactions........................ $(1,398,823)
Change in unrealized commodity
positions........................... 304,304
Interest income....................... 66,442
-----------
(1,028,077)
-----------
Expenses:
Commissions........................... 102,556
Management fee........................ 26,491
Incentive fee......................... (45,302)
-----------
83,745
-----------
Net loss.............................. $(1,111,822)
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-----------
</TABLE>
<TABLE>
STATEMENT OF CHANGES IN NET ASSET VALUE
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For the period from July 31, 1999 to
August 27, 1999
<CAPTION>
Per
Total Interest
<S> <C> <C>
----------- -------
Net asset value at beginning
of period (159,828.870
interests).................. $17,896,913 $111.98
Contributions................. 499,158
Net loss...................... (1,111,822)
Redemptions................... (375,858)
-----------
Net asset value at end of
period (160,884.951
interests).................. $16,908,391 105.10
----------- -------
-----------
Change in net asset
value per interest....................... $ (6.88)
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-------
Percentage change.......................... (6.14)%
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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.
/s/ Barbara J. Brooks
----------------------
by: Barbara J. Brooks
Chief Financial Officer
