<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
/X/ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended June 30, 2000
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the transition period from _______________________ to ______________________
Commission file number: 333-83011
WORLD MONITOR TRUST II--SERIES D
--------------------------------------------------------------------------------
(Exact name of Registrant as specified in its charter)
Delaware 13-4058318
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
One New York Plaza, 13th Floor, New York, New York 10292
--------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 778-7866
N/A
--------------------------------------------------------------------------------
Former name, former address and former fiscal year, if changed since last report
Indicate by check CK whether the Registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
Registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes _CK_ No __
<PAGE>
PART I. FINANCIAL INFORMATION
ITEM I. FINANCIAL STATEMENTS
WORLD MONITOR TRUST II--SERIES D
(a Delaware Business Trust)
STATEMENTS OF FINANCIAL CONDITION
(Unaudited)
<TABLE>
<CAPTION>
June 30, December 31,
2000 1999
<S> <C> <C>
---------------------------------------------------------------------------------------------------
ASSETS
Cash $5,632,345 $ 1,000
Net unrealized loss on open futures contracts (188,208) --
Accrued interest receivable 892 --
---------- ------------
Total assets $5,445,029 $ 1,000
---------- ------------
---------- ------------
LIABILITIES AND TRUST CAPITAL
Liabilities
Commissions payable $ 40,238 $ --
Redemptions payable 32,243 --
Incentive fees payable 27,214 --
Accrued expenses 24,849 --
Management fees payable 6,893 --
Unrealized loss on open forward contracts 383 --
---------- ------------
Total liabilities 131,820 --
---------- ------------
Commitments
Trust capital
Limited interests (50,895.946 and 0 interests outstanding) 5,239,804 --
General interests (713 and 10 interests outstanding) 73,405 1,000
---------- ------------
Total trust capital 5,313,209 1,000
---------- ------------
Total liabilities and trust capital $5,445,029 $ 1,000
---------- ------------
---------- ------------
Net asset value per limited and general interest ('Interests') $ 102.95 $ 100.00
---------- ------------
---------- ------------
---------------------------------------------------------------------------------------------------
The accompanying notes are an integral part of these statements.
</TABLE>
2
<PAGE>
WORLD MONITOR TRUST II--SERIES D
(a Delaware Business Trust)
STATEMENTS OF OPERATIONS
(Unaudited)
<TABLE>
<CAPTION>
For the period from
March 13, 2000
(commencement For the period from
of operations) April 1, 2000
to to
June 30, 2000 June 30, 2000
<S> <C> <C>
--------------------------------------------------------------------------------------------------------
REVENUES
Net realized gain on commodity transactions $ 481,187 $ 451,538
Change in net unrealized loss on open commodity positions (188,591) (58,451)
Interest income 101,292 83,094
------------------- -------------------
393,888 476,181
------------------- -------------------
EXPENSES
Commissions 101,904 85,395
Incentive fees 27,238 27,238
Management fees 21,266 17,826
Other transaction fees 21,676 18,822
General and administrative 26,004 21,423
------------------- -------------------
198,088 170,704
------------------- -------------------
Net income $ 195,800 $ 305,477
------------------- -------------------
------------------- -------------------
ALLOCATION OF NET INCOME
Limited interests $ 193,270 $ 301,394
------------------- -------------------
------------------- -------------------
General interests $ 2,530 $ 4,083
------------------- -------------------
------------------- -------------------
NET INCOME PER WEIGHTED AVERAGE LIMITED AND GENERAL
INTEREST
Net income per weighted average limited and general
interest $ 3.52 $ 5.45
------------------- -------------------
------------------- -------------------
Weighted average number of limited and general interests
outstanding 55,667 56,077
------------------- -------------------
------------------- -------------------
--------------------------------------------------------------------------------------------------------
</TABLE>
STATEMENT OF CHANGES IN TRUST CAPITAL
(Unaudited)
<TABLE>
<CAPTION>
LIMITED GENERAL
INTERESTS INTERESTS INTERESTS TOTAL
<S> <C> <C> <C> <C>
-----------------------------------------------------------------------------------------------------
Trust capital--December 31, 1999 10.000 $ -- $ 1,000 $ 1,000
Contributions 61,889.485 6,092,888 94,880 6,187,768
Net income -- 193,270 2,530 195,800
Redemptions (10,290.539) (1,046,354) (25,005) (1,071,359)
----------- ---------- --------- ----------
Trust capital--June 30, 2000 51,608.946 $5,239,804 $73,405 $5,313,209
----------- ---------- --------- ----------
----------- ---------- --------- ----------
-----------------------------------------------------------------------------------------------------
The accompanying notes are an integral part of these statements.
</TABLE>
3
<PAGE>
WORLD MONITOR TRUST II--SERIES D
(a Delaware Business Trust)
NOTES TO FINANCIAL STATEMENTS
JUNE 30, 2000
(Unaudited)
A. General
These financial statements have been prepared without audit. In the opinion
of Prudential Securities Futures Management Inc. (the 'Managing Owner'), the
financial statements contain all adjustments (consisting of only normal
recurring adjustments) necessary to present fairly the financial position of
World Monitor Trust II--Series D ('Series D') as of June 30, 2000 and the
results of its operations for the period from March 13, 2000 (commencement of
operations) to June 30, 2000 and for the period from April 1, 2000 to June 30,
2000. However, the operating results for the interim periods may not be
indicative of the results expected for a full year.
Certain information and footnote disclosures normally included in annual
financial statements prepared in accordance with generally accepted accounting
principles have been omitted. It is suggested that these financial statements be
read in conjunction with the financial statements and notes thereto included in
Series D's annual report on Form 10-K filed with the Securities and Exchange
Commission for the year ended December 31, 1999.
On March 13, 2000, a sufficient number of subscriptions for Series D had been
received and accepted by the Managing Owner to permit Series D to commence
trading.
B. Related Parties
The Managing Owner of Series D is a wholly owned subsidiary of Prudential
Securities Incorporated ('PSI') which, in turn, is a wholly owned subsidiary of
Prudential Securities Group Inc. Series D reimburses the Managing Owner or its
affiliates for services it performs for Series D which include but are not
limited to: brokerage services; accounting and financial management; registrar,
transfer and assignment functions; investor communications; printing and other
administrative services. However, the amount of general and administrative
expenses incurred by Series D is limited to 1.5% of its net asset value during
the year. As a result, a portion of the expenses for the period from March 13,
2000 (commencement of operations) to June 30, 2000 and for the period from April
1, 2000 to June 30, 2000 have been borne by the Managing Owner and its
affiliates. Additionally, PSI or its affiliates pay the costs of organizing
Series D and offering its Interests.
The costs incurred by Series D for services performed by the Managing Owner
and its affiliates for Series D were:
<TABLE>
<CAPTION>
For the period
March 13, 2000 For the period from
(commencement of operations) to April 1, 2000 to
June 30, 2000 June 30, 2000
------------------------------- -------------------
<S> <C> <C>
Commissions $ 101,904 $85,395
General and administrative 2,674 2,471
------------ -------------------
$ 104,578 $87,866
------------ -------------------
------------ -------------------
</TABLE>
Expenses payable to the Managing Owner and its affiliates (which are included
in accrued expenses) as of June 30, 2000 were $1,504.
All of the proceeds of the offering are received in the name of Series D and
are deposited in trading or cash accounts maintained at PSI, Series D's
commodity broker. Series D's assets are maintained either with PSI or, for
margin purposes, with the various exchanges on which Series D is permitted to
trade. Series D receives interest income on 100% of its average daily equity
maintained in cash in its accounts with PSI during each month at the 13-week
Treasury bill discount rate. This rate is determined weekly by PSI and
represents the rate awarded to all bidders during each week's auction of 13-week
Treasury bills.
4
<PAGE>
Series D, acting through its trading advisor, executes over-the-counter,
spot, forward and/or option foreign exchange transactions with PSI. PSI then
engages in back-to-back trading with an affiliate, Prudential-Bache Global
Markets Inc. ('PBGM'). PBGM attempts to earn a profit on such transactions. PBGM
keeps its prices on foreign currency competitive with other interbank currency
trading desks. All over-the-counter currency transactions are conducted between
PSI and Series D pursuant to a line of credit. PSI may require that collateral
be posted against the marked-to-market positions of Series D.
As of June 30, 2000, a non-U.S. affiliate of the Managing Owner owns 102.191
limited interests of Series D.
C. Derivative Instruments and Associated Risks
Series D is exposed to various types of risk associated with the derivative
instruments and related markets in which it invests. These risks include, but
are not limited to, risk of loss from fluctuations in the value of derivative
instruments held (market risk) and the inability of counterparties to perform
under the terms of Series D's investment activities (credit risk).
Market risk
Trading in futures and forward (including foreign exchange transactions)
contracts involves entering into contractual commitments to purchase or sell a
particular commodity at a specified date and price. The gross or face amount of
the contracts, which is typically many times that of Series D's net assets being
traded, significantly exceeds Series D's future cash requirements since Series D
intends to close out its open positions prior to settlement. As a result, Series
D is generally subject only to the risk of loss arising from the change in the
value of the contracts. As such, Series D considers the 'fair value' of its
derivative instruments to be the net unrealized gain or loss on the contracts.
The market risk associated with Series D's commitments to purchase commodities
is limited to the gross or face amount of the contracts held. However, when
Series D enters into a contractual commitment to sell commodities, it must make
delivery of the underlying commodity at the contract price and then repurchase
the contract at prevailing market prices. Since the repurchase price to which a
commodity can rise is unlimited, entering into commitments to sell commodities
exposes Series D to unlimited risk.
Market risk is influenced by a wide variety of factors including government
programs and policies, political and economic events, the level and volatility
of interest rates, foreign currency exchange rates, the diversification effects
among the derivative instruments Series D holds and the liquidity and inherent
volatility of the markets in which Series D trades.
Credit risk
When entering into futures or forward contracts, Series D is exposed to
credit risk that the counterparty to the contract will not meet its obligations.
The counterparty for futures contracts traded in the United States and on most
foreign futures exchanges is the clearinghouse associated with such exchanges.
In general, clearinghouses are backed by the corporate members of the
clearinghouse who are required to share any financial burden resulting from the
non-performance by one of its members and, as such, should significantly reduce
this credit risk. In cases where the clearinghouse is not backed by the clearing
members (i.e., some foreign exchanges), it is normally backed by a consortium of
banks or other financial institutions. On the other hand, the sole counterparty
to Series D's forward transactions is PSI, Series D's commodity broker. Series D
has entered into a master netting agreement with PSI and, as a result, presents
unrealized gains and losses on open forward positions as a net amount in the
statements of financial condition. The amount at risk associated with
counterparty non-performance of all of Series D's contracts is the net
unrealized gain included in the statements of financial condition. There can be
no assurance that any counterparty, clearing member or clearinghouse will meet
its obligations to Series D.
The Managing Owner attempts to minimize both credit and market risks by
requiring Series D and its trading advisor to abide by various trading
limitations and policies. The Managing Owner monitors compliance with these
trading limitations and policies which include, but are not limited to,
executing and clearing all trades with creditworthy counterparties (currently,
PSI is the sole counterparty or broker); limiting the amount of margin or
premium required for any one commodity or all commodities combined; and
generally limiting transactions to contracts which are traded in sufficient
volume to permit the taking and liquidating of positions. Additionally, pursuant
to the Advisory Agreement among Series D, the Managing Owner and the trading
advisor, Series D shall automatically terminate the trading advisor if the net
asset value allocated to the trading advisor declines by 40% from the value at
the beginning of any year or since the commencement of trading activities.
Furthermore, the First Amended and Restated Declaration of Trust and Trust
Agreement
5
<PAGE>
provides that Series D will liquidate its positions, and eventually dissolve, if
Series D experiences a decline in the net asset value of 50% from the value at
the beginning of any year or since the commencement of trading activities. In
each case, the decline in net asset value is after giving effect for
distributions, contributions and redemptions. The Managing Owner may impose
additional restrictions (through modifications of such trading limitations and
policies) upon the trading activities of the trading advisor as it, in good
faith, deems to be in the best interests of Series D.
PSI, when acting as Series D's futures commission merchant in accepting
orders for the purchase or sale of domestic futures contracts, is required by
Commodity Futures Trading Commission ('CFTC') regulations to separately account
for and segregate as belonging to Series D all assets of Series D relating to
domestic futures trading and is not to commingle such assets with other assets
of PSI. At June 30, 2000, such segregated assets totalled $4,704,556. Part 30.7
of the CFTC regulations also requires PSI to secure assets of Series D related
to foreign futures trading which totalled $739,581 at June 30, 2000. There are
no segregation requirements for assets related to forward trading.
As of June 30, 2000, Series D's open futures and forward contracts mature
within one year.
The following table presents the fair value of futures and forward contracts
at June 30, 2000:
<TABLE>
<CAPTION>
Assets Liabilities
-------- -----------
<S> <C> <C>
Futures Contracts:
Domestic exchanges
Interest rates $ 875 $ 43,911
Stock indices -- 400
Currencies 9,425 146,618
Commodities -- 3,600
Foreign exchanges
Interest rates 37,936 48,305
Stock indices 14,455 7,190
Commodities -- 875
Forward Contracts:
Currencies -- 383
-------- -----------
$ 62,691 $ 251,282
-------- -----------
-------- -----------
</TABLE>
6
<PAGE>
WORLD MONITOR TRUST II--SERIES D
(a Delaware Business Trust)
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
Liquidity and Capital Resources
Series D commenced operations on March 13, 2000 with gross proceeds of
$5,279,158 allocated to commodities trading. Additional contributions raised
through the continuous offering for the period from March 13, 2000 (commencement
of operations) to June 30, 2000 resulted in additional proceeds to Series D of
$909,610. Additional Interests of Series D will continue to be offered on a
weekly basis at the net asset value per Interest until the subscription maximum
is sold.
Interests in Series D may be redeemed on a weekly basis, but are subject to a
redemption fee if transacted within one year of the effective date of purchase.
Redemptions from March 13, 2000 (commencement of operations) to June 30, 2000
were $1,046,354 for limited interests and $25,005 for general interests.
Redemptions for the period from April 1, 2000 to June 30, 2000 were $1,025,449
for limited interests and $25,005 for general interests. Additionally, Interests
owned in one series may be exchanged, without any charge, for Interests of one
or more other series on a weekly basis for as long as Interests in those series
are being offered to the public. Future contributions, redemptions and exchanges
will impact the amount of funds available for investment in commodity contracts
in subsequent periods.
At June 30, 2000, 100% of Series D's net assets were allocated to commodities
trading. A significant portion of the net assets was held in cash which is used
as margin for Series D's trading in commodities. Inasmuch as the sole business
of Series D is to trade in commodities, Series D continues to own such liquid
assets to be used as margin. PSI credits Series D with interest income on 100%
of its average daily equity maintained in cash in its accounts with PSI during
each month at the 13-week Treasury bill discount rate. This rate is determined
weekly by PSI and represents the rate awarded to all bidders during each week's
auction of 13-week Treasury bills.
The commodities contracts are subject to periods of illiquidity because of
market conditions, regulatory considerations and other reasons. For example,
commodity exchanges limit fluctuations in certain commodity futures contract
prices during a single day by regulations referred to as 'daily limits.' During
a single day, no trades may be executed at prices beyond the daily limit. Once
the price of a futures contract for a particular commodity has increased or
decreased by an amount equal to the daily limit, positions in the commodity can
neither be taken nor liquidated unless traders are willing to effect trades at
or within the limit. Commodity futures prices have occasionally moved the daily
limit for several consecutive days with little or no trading. Such market
conditions could prevent Series D from promptly liquidating its commodity
futures positions.
Since Series D's business is to trade futures and forward contracts, its
capital is at risk due to changes in the value of these contracts (market risk)
or the inability of counterparties to perform under the terms of the contracts
(credit risk). Series D's exposure to market risk is influenced by a number of
factors including the volatility of interest rates and foreign currency exchange
rates, the liquidity of the markets in which the contracts are traded and the
relationships among the contracts held. The inherent uncertainty of Series D's
speculative trading as well as the development of drastic market occurrences
could result in monthly losses considerably beyond Series D's experience to date
and could ultimately lead to a loss of all or substantially all of investors'
capital. The Managing Owner attempts to minimize these risks by requiring Series
D and its trading advisor to abide by various trading limitations and policies
which include limiting margin amounts, trading only in liquid markets and
utilizing stop loss provisions. See Note C to the financial statements for a
further discussion on the credit and market risks associated with Series D's
futures and forward contracts.
Series D does not have, nor does it expect to have, any capital assets.
Results of Operations
Series D commenced trading operations on March 13, 2000, and as such no
comparative information is available for 1999.
7
<PAGE>
The net asset value per Interest as of June 30, 2000 was $102.95, an increase
of 2.95% from the March 13, 2000 initial net asset value per Interest of
$100.00, and an increase of 5.13% from the March 31, 2000 net asset value per
Interest of $97.93.
Series D's gross trading gains were $293,000 and $393,000, respectively, for
the period from March 13, 2000 (commencement of operations) to June 30, 2000 and
for the period from April 1, 2000 to June 30, 2000. A detailed discussion of
Series D's current period trading results is presented below.
Quarterly Market Overview
U.S. economic growth remained rapid throughout April and May, evidenced by
economic indicators across the board. Consumer spending trended upward strongly
and housing demand was high. Industrial production and wages expanded briskly in
response to burgeoning domestic demand. Labor markets continued to be very tight
as employment surged. Signs of an economic slowdown appeared towards the end of
the quarter as markets reacted to higher than expected unemployment numbers at
the end of May. However, economic expansion remained robust in most world
markets throughout the quarter. The Japanese economy showed indications of
increased demand in the first five months of 2000. Economic activity in
developing countries also continued. Key South American economies recovered from
recent recessions, while several Asian emerging market countries settled into
growth at a more sustained rate.
During the quarter, financial markets were dominated by continued volatility
in the equity sector. U.S. equity markets, especially more speculative
technology stocks, experienced a sell-off in April as investors' confidence
declined. Stock indices rallied toward the end of June, but the S&P, Dow, and
NASDAQ all ended the first half of the year down.
Global bond markets mirrored the volatility of the equity markets. Early in
the quarter, both U.S. and European prices on interest rate instruments fell due
to a rate hike by the European Central Bank at the end of April and a strong
U.S. economy. Global bond prices plummeted again in May in anticipation of a
U.S. interest rate hike. The U.S. Federal Reserve raised rates by 50 basis
points to 6.5%. This forceful policy (more than the 25 basis point increases
implemented since mid 1999) was due to the persistent strength of overall demand
and growing pressure in a tight labor market. As the quarter continued and new
economic data was released, it became apparent that the U.S. economy was
decelerating and bond prices rallied slightly.
The value of the U.S. dollar appreciated considerably against most major
currencies at the beginning of the quarter, reflecting, in part, the larger
increases in U.S. long-term yields relative to rates in most foreign countries.
The dollar's rise against the euro was sizable, but it also made moderate gains
against the British pound, Japanese yen, and Canadian dollar. In June, as the
U.S. economy showed signs of slowing down, the U.S. dollar weakened against most
major currencies. The euro reached all time lows in May before rallying in June
as a result of solid European economic data and sentiment that the currency was
undervalued. In May, the Japanese yen rose against the U.S. dollar supported by
expectations of a possible change in the Bank of Japan's zero-interest rate
policy. As the Japanese economy failed to sustain its recovery momentum, the yen
lost some ground. The Canadian dollar rallied towards the end of the quarter due
to steady Canadian economic data combined with signs of softening in the U.S.
economy.
Increased demand caused oil prices to surge at the beginning of the quarter.
In June, OPEC countries agreed to increase oil production as higher gas prices
put inflationary pressure on global economies and oil prices reversed downward.
In the metals markets, the trend of falling prices in April and May reversed
itself later in the quarter as gold soared driven, in part, by weakening in the
U.S. dollar and U.S. economy.
Performance for Series D
The following is a summary of performance for the major sectors in which
Series D traded:
Currency (+): Long British pound positions were profitable for Series D as
the Bank of England left interest rates unchanged and the pound sterling bounced
back from its May decline. Long euro positions resulted in gains as the euro
rallied in June on news of strong European economic data.
Financial (+): Gains in short 3-month Euribor positions were due to actions
taken by the European Central Bank to raise short-term interest rates in April
and June.
8
<PAGE>
Index (-): The second quarter brought a reversal to some global equity
markets. A strong U.S. economy began showing signs of a slowdown and U.S. equity
markets experienced an April sell-off. Overall, continued volatility in world
equity markets resulted in gains in S&P and euro DAX positions.
Metal (-): Long copper positions incurred losses as prices rose driven by a
weakening U.S. economy.
Interest income is earned on the average daily equity maintained in cash with
PSI at the 13-week Treasury bill discount rate and, therefore, varies monthly
according to interest rates, trading performance, contributions and redemptions.
Interest income was $101,300 for the period from March 13, 2000 (commencement of
operations) to June 30, 2000 and $83,100 for the period from April 1, 2000 to
June 30, 2000.
Commissions are calculated on Series D's net asset value at the end of each
week and therefore, vary according to weekly trading performance, contributions
and redemptions. Commissions were $101,900 for the period from March 13, 2000
(commencement of operations) to June 30, 2000 and $85,400 for the period from
April 1, 2000 to June 30, 2000.
All trading decisions for Series D are made by Bridgewater Associates, Inc.
(the 'Trading Advisor'). Management fees are calculated on Series D's net asset
value at the end of each week and therefore, are affected by weekly trading
performance, contributions and redemptions. Management fees were $21,300 for the
period from March 13, 2000 (commencement of operations) to June 30, 2000 and
$17,800 for the period from April 1, 2000 to June 30, 2000.
Incentive fees are based on the New High Net Trading Profits generated by the
Trading Advisor, as defined in the Advisory Agreement among the Trust, the
Managing Owner and the Trading Advisor. Incentive fees of $27,200 were generated
for the period from March 13, 2000 (commencement of operations) to June 30, 2000
resulted from positive trading performance in March 2000.
Other transaction fees consist of National Futures Association, exchange,
clearing fees as well as floor brokerage costs and give-up charges, which are
based on the number of trades the Trading Advisor executes, as well as which
exchange, clearing firm or bank on, or through, which the contract is traded.
Other transaction fees were $21,700 for the period from March 13, 2000
(commencement of operations) to June 30, 2000 and $18,800 for the period from
April 1, 2000 to June 30, 2000.
General and administrative expenses were $26,000 for the period from March
13, 2000 (commencement of operations) to June 30, 2000 and $21,400 for the
period from April 1, 2000 to June 30, 2000. These expenses include reimbursement
of costs incurred by the Managing Owner on behalf of Series D, in addition to
accounting, audit, tax and legal fees as well as printing and postage costs
related to reports sent to limited owners. The amount of expenses charged to
Series D is limited to 1.5% of its net asset value during any one year.
Item 3. Quantitative and Qualitative Disclosures about Market Risk
Information regarding quantitative and qualitative disclosures about market
risk is not required pursuant to Item 305(e) of Regulation S-K.
9
<PAGE>
PART II. OTHER INFORMATION
Item 1. Legal Proceedings--There are no material legal proceedings pending by or
against the Registrant or the Managing Owner.
Item 2. Changes in Securities--None
Item 3. Defaults Upon Senior Securities--None
Item 4. Submission of Matters to a Vote of Security Holders--None
Item 5. Other Information-- Effective July 2000, Joseph A. Filicetti resigned as
President and as a Director of Prudential Securities
Futures Management Inc.
Item 6. (a) Exhibits--
3.1
and
4.1-- First Amended and Restated Declaration of Trust and Trust Agreement of
World Monitor Trust II dated as of May 15, 1999 (incorporated by reference
to Exhibits 3.1 and 4.1 to Series D's Registration Statement on Form S-1,
File No. 333-83011)
4.2-- Form of Request for Redemption (incorporated by reference to Exhibit 4.2
to Series D's Registration Statement on Form S-1, File No. 333-83011)
4.3-- Form of Exchange Request (incorporated by reference to Exhibit 4.3 to
Series D's Registration Statement on Form S-1, File No. 333-83011)
4.4-- Form of Subscription Agreement (incorporated by reference to Exhibit 4.4
to Series D's Registration Statement on Form S-1, File No. 333-83011)
27.1--Financial Data Schedule (filed herewith)
(b) Reports on Form 8-K--None
10
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
WORLD MONITOR TRUST II--SERIES D
By: Prudential Securities Futures Management Inc.
A Delaware corporation, Managing Owner
By: /s/ Steven Carlino Date: August 14, 2000
----------------------------------------
Steven Carlino
Vice President and Treasurer
11
