WORLD MONITOR TRUST SERIES C
424B3, 1999-08-25
INVESTORS, NEC
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<PAGE>

    WORLD MONITOR TRUST--
    SERIES C
    MONTHLY REPORT/
    JULY 30, 1999

<PAGE>
         WORLD MONITOR TRUST--SERIES C
- --------------------------------------------------------------------------------

Dear Interest Holder:

Enclosed is the report for the period from June 26, 1999 to July 30, 1999 for
World Monitor Trust--Series C (the 'Trust'). The net asset value of an interest
as of July 30, 1999 was $111.98, an increase of 1.49% from the June 25, 1999
value of $110.34. The 1999 calendar year-to-date return for the Trust was an
increase of 7.45% as of July 30, 1999.

The estimated net asset value per interest as of August 13, 1999 was $101.62.
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
- ----------------------------------------------------
For the period from June 26, 1999 to
  July 30, 1999
<S>                                       <C>
Revenues:
Realized loss on commodity
  transactions.........................   $ (913,495)
Change in unrealized commodity
  positions............................    1,288,053
Interest income........................       88,415
                                          ----------
                                             462,973
                                          ----------
Expenses:
Commissions............................      134,750
Management fee.........................       35,059
Incentive fee..........................       47,093
                                          ----------
                                             216,902
                                          ----------
Net gain...............................   $  246,071
                                          ----------
                                          ----------
</TABLE>

<TABLE>
STATEMENT OF CHANGES IN NET ASSET VALUE
- -----------------------------------------------------
For the period from June 26, 1999 to
  July 30, 1999
<CAPTION>
                                                Per
                                   Total      Interest
<S>                             <C>           <C>
                                -----------   -------
Net asset value at beginning
  of period (154,517.780
  interests)..................  $17,049,648   $110.34
Contributions.................      746,610
Net gain......................      246,071
Redemptions...................     (145,416)
                                -----------
Net asset value at end of
  period (159,828.870
  interests)..................  $17,896,913    111.98
                                -----------
                                -----------
                                              -------
Change in net asset
  value per interest.......................   $  1.64
                                              -------
                                              -------
Percentage change..........................      1.49%
                                              -------
                                              -------
</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


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