UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-K

(Mark One)

/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934

For the fiscal year ended December 31, 2000

/ / 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 0-23885

PRUDENTIAL SECURITIES STRATEGIC TRUST
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(Exact name of registrant as specified in its charter)

Delaware 13-7075398
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(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification
No.)

One New York Plaza, 13th Floor, New York, New York
10292
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(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (212) 778-7866

Securities registered pursuant to Section 12(b) of the Act:

None
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Securities registered pursuant to Section 12(g) of the Act:

Limited Interests

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(Title of class)

Indicate by check mark 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 __

Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K [CK]

DOCUMENTS INCORPORATED BY REFERENCE

Annual Report to Interest holders for the year ended December 31, 2000 is
incorporated by reference into Parts II and IV of this Annual Report on Form
10-K

Index to exhibits can be found on pages 9 and 10.

PRUDENTIAL SECURITIES STRATEGIC TRUST
(a Delaware Business Trust)

TABLE OF CONTENTS

PART I PAGE

Item 1 Business......................................................................... 3
Item 2 Properties....................................................................... 4
Item 3 Legal Proceedings................................................................ 4
Item 4 Submission of Matters to a Vote of Interest Holders.............................. 4

PART II
Item 5 Market for the Registrant's Interests and Related Interest Holder Matters........ 4
Item 6 Selected Financial Data.......................................................... 5
Item 7 Management's Discussion and Analysis of Financial Condition and Results of
Operations..................................................................... 5
Item 7A Quantitative and Qualitative Disclosures About Market Risk....................... 5
Item 8 Financial Statements and Supplementary Data...................................... 5
Item 9 Changes in and Disagreements with Accountants on Accounting and Financial
Disclosure..................................................................... 6
PART III
Item 10 Directors and Executive Officers of the Registrant............................... 6
Item 11 Executive Compensation........................................................... 7
Item 12 Security Ownership of Certain Beneficial Owners and Management................... 7
Item 13 Certain Relationships and Related Transactions................................... 8

PART IV
Item 14 Exhibits, Financial Statement Schedules and Reports on Form 8-K.................. 9
Financial Statements and Financial Statement Schedules........................... 9
Exhibits......................................................................... 9
Reports on Form 8-K.............................................................. 10
SIGNATURES.................................................................................. 11

PART I

Item 1. Business

General

Prudential Securities Strategic Trust, formerly known as Willowbridge
Strategic Trust, (the 'Registrant') was organized under the Delaware Business
Trust Statute on October 16, 1995 and commenced trading operations on May 1,
1996. The Registrant will terminate on December 31, 2015 unless terminated
sooner as provided in the Second Amended and Restated Declaration of Trust and
Trust Agreement (the 'Trust Agreement'). The Registrant was formed to engage in
the speculative trading of commodity futures, forward and options contracts. The
trustee of the Registrant is Wilmington Trust Company.

On May 1, 1996, the Registrant completed its initial offering with gross
proceeds of $12,686,200 from the sale of 125,352 limited interests and 1,510
general interests (collectively, the 'Interests'). General interests were sold
exclusively to the managing owner. Additional Interests were offered monthly at
the then current net asset value per Interest until the continuous offering
period expired on January 31, 1998. Additional contributions raised during the
continuous offering period resulted in additional proceeds to the Registrant of
$51,242,700.

The Registrant is engaged solely in the business of commodity futures,
forward and options trading; therefore, presentation of industry segment
information is not applicable.

The Trading Managers

At inception of the Registrant's trading activities, Willowbridge Associates
Inc. ('Willowbridge') made all the Registrant's commodity trading decisions.
During July 1998, Willowbridge ceased trading approximately 50% of the
Registrant's assets and, during August 1998, these assets were reallocated to
Bridgewater Associates, Inc. ('Bridgewater'). As of February 15, 2000,
Willowbridge ceased to serve as a trading manager to the Registrant when the
remaining assets allocated to Willowbridge, after adjusting for redemptions,
declined by greater than 33 1/3% from their balance at the beginning of the
year. On July 5, 2000, these assets were reallocated to Gamma Capital
Management, LLC ('Gamma'). As a result of the changes in the Registrant's
independent commodity trading managers discussed above, during a majority of
July and August 1998 as well as from February 16, 2000 through July 4, 2000, a
portion of the Registrant's assets were not allocated to commodities trading
and, as a result, were not subject to management fees and commissions. The
monthly management fees paid on traded assets and the quarterly incentive fees
paid on 'New High Net Trading Profits' (as defined in each advisory agreement
among the Registrant, Managing Owner and each trading manager) to each trading
manager are as follows:

Monthly Quarterly
Trading Management Incentive
Manager Fee Fee
- ----------------------- --------------------------------- ---------------------------------------

Willowbridge 3% annually of traded assets 20% of 'New High Net Trading Profits'
Bridgewater .9756% annually of traded assets 20% of 'New High Net Trading Profits'
Gamma 2% annually of traded assets 20% of 'New High Net Trading Profits'

Additionally, Gamma must recoup the cumulative trading losses of Willowbridge
before it is paid an incentive fee. The advisory agreements may be terminated
for a variety of reasons, including at the discretion of the managing owner.

Managing Owner and its Affiliates

Prudential Securities Futures Management Inc. (the 'Managing Owner') is a
wholly owned subsidiary of Prudential Securities Incorporated ('PSI'), which, in
turn, is a wholly owned subsidiary of Prudential Securities Group Inc. PSI was
the principal underwriter and selling agent for the Registrant's Interests and
is its commodity broker ('Commodity Broker'). The Managing Owner is required to
maintain at least a 1% interest in the Registrant so long as it is acting as the
Managing Owner.
3

Competition

The Managing Owner and its affiliates have formed, and may continue to form,
various entities to engage in the speculative trading of futures, forward and
options contracts which have certain of the same investment policies as the
Registrant.

The Registrant was an open-end fund which solicited the sale of additional
Interests on a monthly basis until the Continuous Offering Period expired. As
such, the Registrant no longer competes with other entities to attract new
participants. However, to the extent that the trading managers recommend similar
or identical trades to the Registrant and other accounts which they manage, the
Registrant may compete with those accounts, as well as other market
participants, for the execution of the same or similar trades.

Employees

The Registrant has no employees. Management and administrative services for
the Registrant are performed by the Managing Owner and its affiliates pursuant
to the Trust Agreement as further discussed in Notes A, C and D to the
Registrant's financial statements included in its annual report to limited
owners for the year ended December 31, 2000 ('Registrant's 2000 Annual Report'),
which is filed as an exhibit hereto.

Item 2. Properties

The Registrant does not own or lease any property.

Item 3. Legal Proceedings

There are no material legal proceedings pending by or against the Registrant
or the Managing Owner.

Item 4. Submission of Matters to a Vote of Interest Holders

None

PART II

Item 5. Market for the Registrant's Interests and Related Interest Holder
Matters

Information with respect to the offering of Interests is incorporated by
reference to Note A to the Registrant's 2000 Annual Report, which is filed as an
exhibit hereto.

A significant secondary market for the Interests has not developed, and it is
not expected that one will develop in the future. There are also certain
restrictions set forth in the Trust Agreement limiting the ability of an
Interest holder to transfer Interests. However, redemptions are permitted
monthly on at least ten days prior written notice at the net asset value per
Interest. Prior to February 1999, redemptions were subject to redemption charges
of 4% and 3%, respectively, of the net asset value at which they were redeemed
if effected on or prior to the end of the first and second successive six-month
periods after their effective date of purchase. These redemption charges were
paid to the Managing Owner. Consequently, holders of Interests may not be able
to liquidate their investments in the event of an emergency or for any other
reason.

There are no material restrictions upon the Registrant's present or future
ability to make distributions in accordance with the provisions of the Trust
Agreement. No distributions have been made since inception and no distributions
are anticipated in the future.

As of March 12, 2001, there were 987 holders of record owning 140,908.340
Interests which include 1,410 general interests.

Item 6. Selected Financial Data

The following table presents selected financial data of the Registrant. This
data should be read in conjunction with the financial statements of the
Registrant and the notes thereto on pages 2 through 9 of the Registrant's 2000
Annual Report, which is filed as an exhibit hereto.

Period from
May 1, 1996
(commencement
Year Ended December 31, of operations) to
-------------------------------------------------------- December 31
2000 1999 1998 1997 1996
----------- ----------- ----------- ----------- ------------------

Total revenues (including
interest) $(8,117,221) $ 5,074,264 $13,710,698 $ 4,475,048 $ 4,148,504
----------- ----------- ----------- ----------- ------------------
----------- ----------- ----------- ----------- ------------------
Net income (loss) $(9,583,128) $ 847,120 $ 6,950,929 $(1,784,677) $ 2,290,184
----------- ----------- ----------- ----------- ------------------
----------- ----------- ----------- ----------- ------------------
Net income (loss) per
weighted average
Interest $ (47.34) $ 2.62 $ 15.76 $ (4.15) $ 10.79
----------- ----------- ----------- ----------- ------------------
----------- ----------- ----------- ----------- ------------------
Total assets $13,316,792 $35,330,685 $48,779,871 $49,239,910 $ 27,823,974
----------- ----------- ----------- ----------- ------------------
----------- ----------- ----------- ----------- ------------------
Net asset value per
Interest $ 88.28 $ 127.96 $ 123.81 $ 102.96 $ 103.47
----------- ----------- ----------- ----------- ------------------
----------- ----------- ----------- ----------- ------------------

Item 7. Management's Discussion and Analysis of Financial Condition and Results
of Operations

This information is incorporated by reference to pages 11 through 14 of the
Registrant's 2000 Annual Report, which is filed as an exhibit hereto.

Item 7A. Quantitative and Qualitative Disclosures About Market Risks

Information regarding quantitative and qualitative disclosures about market
risk is not required pursuant to Item 305(e) of Regulation S-K.

Item 8. Financial Statements and Supplementary Data

The financial statements are incorporated by reference to pages 2 through 9
of the Registrant's 2000 Annual Report, which is filed as an exhibit hereto.

Selected unaudited quarterly financial data for the years ended December 31,
2000 and 1999 are summarized below:

First Second Third Fourth
Quarter Quarter Quarter Quarter
----------- ----------- ----------- ----------

2000:
Total Revenues (including interest) $(7,600,308) $ 1,086,316 $(1,724,590) $ 121,361
----------- ----------- ----------- ----------
----------- ----------- ----------- ----------
Total Revenues (including interest) less
commissions $(8,021,373) $ 859,645 $(2,057,007) $ (138,160)
----------- ----------- ----------- ----------
----------- ----------- ----------- ----------
Net income (loss) $(8,112,937) $ 829,552 $(2,114,158) $ (185,585)
----------- ----------- ----------- ----------
----------- ----------- ----------- ----------
Net income (loss) per weighted average
Interest $ (31.77) $ 3.95 $ (11.47) $ (1.13)
----------- ----------- ----------- ----------
----------- ----------- ----------- ----------

First Second Third Fourth
Quarter Quarter Quarter Quarter
----------- ----------- ----------- ----------
1999:

Total Revenues (including interest) $ 3,021,174 $ (49,035) $ (641,422) $2,743,547
----------- ----------- ----------- ----------
----------- ----------- ----------- ----------
Total Revenues (including interest) less
commissions $ 2,174,478 $ (829,964) $(1,334,044) $2,097,010
----------- ----------- ----------- ----------
----------- ----------- ----------- ----------
Net income (loss) $ 1,606,833 $(1,097,848) $(1,526,657) $1,864,792
----------- ----------- ----------- ----------
----------- ----------- ----------- ----------
Net income (loss) per weighted average
Interest $ 4.51 $ (3.23) $ (4.85) $ 6.47
----------- ----------- ----------- ----------
----------- ----------- ----------- ----------

Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure

None

PART III

Item 10. Directors and Executive Officers of the Registrant

There are no directors or executive officers of the Registrant. The
Registrant is managed by the Managing Owner.

The Managing Owner's directors and executive officers and any person holding
more than 10% of the Registrant's Interests ('Ten Percent Owners') are required
to report their initial ownership of such Interests and any subsequent changes
in that ownership to the Securities and Exchange Commission on Forms 3, 4 or 5.
Such executive officers, directors and Ten Percent Owners are required by
Securities and Exchange Commission regulations to furnish the Registrant with
copies of all Forms 3, 4 or 5 they file. All of these filing requirements were
satisfied on a timely basis. In making these disclosures, the Registrant has
relied solely on written representations of the Managing Owner's directors and
executive officers and Ten Percent Owners or copies of the reports that they
have filed with the Securities and Exchange Commission during and with respect
to its most recent fiscal year.

The directors and executive officers of Prudential Securities Futures
Management Inc. and their positions with respect to the Registrant are as
follows:

Name Position

Eleanor L. Thomas President and Director
Barbara J. Brooks Chief Financial Officer
Steven Carlino Vice President and Treasurer
A. Laurence Norton, Jr. Director
Guy S. Scarpaci Director
Tamara B. Wright Senior Vice President and Director

ELEANOR L. THOMAS, age 46, has been the President of Prudential Securities
Futures Management Inc. since September 2000 and a Director since April 1999.
She has also been the President and a Director of Seaport Futures Management,
Inc. (an affiliate of the Managing Owner) since April 1999. She has held various
positions of increasing responsibility in both Prudential Securities Futures
Management Inc. and Seaport Futures Management, Inc. since joining PSI in 1993.
She is a First Vice President and the director of the Futures and Hedge Fund
Group within PSI. Prior to joining PSI in March 1993, she was with MC Baldwin
Financial Company from June 1990 through February 1993 and Arthur Andersen & Co.
from 1986 through May 1990. Ms. Thomas is a certified public accountant.

BARBARA J. BROOKS, age 52, is the Chief Financial Officer of Prudential
Securities Futures Management Inc. She is a Senior Vice President of PSI. She is
also the Chief Financial Officer of Seaport Futures Management, Inc. and serves
in various capacities for other affiliated companies. She has held several
positions within PSI since April 1983. Ms. Brooks is a certified public
accountant.
6

STEVEN CARLINO, age 37, is a Vice President and Treasurer of Prudential
Securities Futures Management Inc. He is a Senior Vice President of PSI. He is
also a Vice President and Treasurer of Seaport Futures Management, Inc. and
serves in various capacities for other affiliated companies. Prior to joining
PSI in October 1992, he was with Ernst & Young for six years. Mr. Carlino is a
certified public accountant.

A. LAURENCE NORTON, JR., age 62, is a Director of Prudential Securities Futures
Management Inc. He is an Executive Vice President of PSI and, since March 1994,
has been the director of the Futures Division of PSI. He is also a Director of
Seaport Futures Management, Inc. and is a member of PSI's Operating Committee.
From October 1991 to March 1994, he held the position of Executive Director of
Retail Development and Retail Strategies at PSI. Prior to joining PSI in 1991,
Mr. Norton was a Senior Vice President and Branch Manager of Shearson Lehman
Brothers.

GUY S. SCARPACI, age 54, is a Director of Prudential Securities Futures
Management Inc. He is a First Vice President of the Futures Division of PSI. He
is also a Director of Seaport Futures Management, Inc. Mr. Scarpaci has been
employed by PSI in positions of increasing responsibility since August 1974.

TAMARA B. WRIGHT, age 42, is a Senior Vice President and a Director of
Prudential Securities Futures Management Inc. She is a Senior Vice President and
Chief Administrative Officer for the International Division of PSI. She is also
a Senior Vice President and a Director of Seaport Futures Management, Inc. and
serves in various capacities for other affiliated companies. Prior to joining
PSI in July 1988, she was a manager with Price Waterhouse.

Effective July 2000, Joseph A. Filicetti resigned as President and as a
Director of Prudential Securities Futures Management Inc. Effective September
2000, Eleanor L. Thomas was elected by the Board of Directors of Prudential
Securities Futures Management Inc. as President replacing Joseph A. Filicetti.
Additionally, Joseph A. Filicetti resigned as Executive Vice President and as a
Director of Seaport Futures Management, Inc. effective July 2000.

Effective February 2001, Alan J. Brody resigned as a Director of both
Prudential Securities Futures Management Inc. and Seaport Futures Management,
Inc. Additionally, effective March 30, 2001, A. Laurence Norton, Jr. will resign
as a Director of Prudential Securities Futures Management Inc. and Seaport
Futures Management, Inc.

There are no family relationships among any of the foregoing directors or
executive officers. All of the foregoing directors and/or executive officers
have indefinite terms.

Item 11. Executive Compensation

The Registrant does not pay or accrue any fees, salaries or any other form of
compensation to directors and officers of the Managing Owner for their services.
Certain directors and officers of the Managing Owner receive compensation from
affiliates of the Managing Owner, not from the Registrant, for services
performed for various affiliated entities, which may include services performed
for the Registrant; however, the Managing Owner believes that any compensation
attributable to services performed for the Registrant is immaterial. (See also
Item 13, Certain Relationships and Related Transactions, for information
regarding compensation to the Managing Owner.)

Item 12. Security Ownership of Certain Beneficial Owners and Management

As of March 12, 2001, no director or executive officer of the Managing Owner
owns directly or beneficially any interest in the voting securities of the
Managing Owner.

As of March 12, 2001, no director or executive officer of the Managing Owner
owns directly or beneficially any of the Interests issued by the Registrant.

As of March 12, 2001, no owners of Interests beneficially own more than five
percent (5%) of the limited interests issued by the Registrant.

Item 13. Certain Relationships and Related Transactions

The Registrant has and will continue to have certain relationships with the
Managing Owner and its affiliates. However, there have been no direct financial
transactions between the Registrant and the directors or officers of the
Managing Owner.

Reference is made to Notes A, C and D to the financial statements in the
Registrant's 2000 Annual Report, which is filed as an exhibit hereto, which
identify the related parties and discuss the services provided by these parties
and the amounts paid or payable for their services.

PART IV

Annual Report
Page Number
--------------

Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K

(a) 1. Financial Statements and Report of Independent Accountants--incorporated
by reference to the Registrant's 2000 Annual Report, which is filed as
an exhibit hereto

Report of Independent Accountants 2

Financial Statements:

Statements of Financial Condition--December 31, 2000 and 1999 3

Statements of Operations--Three years ended December 31, 2000 4

Statements of Changes in Trust Capital--Three years ended December 31,
2000 4

Notes to Financial Statements 5

2. Financial Statement Schedules

All schedules have been omitted because they are not applicable or the
required information is included in the financial statements or notes
thereto.

3. Exhibits

3.1 Second Amended and Restated Declaration of Trust and Trust Agreement of
and the Registrant dated as of January 31, 1996 (incorporated by reference
4.1 to Exhibits 3.1 and 4.1 of Registrant's Registration Statement on Form
S-1, File No. 33-08443)

4.2 Subscription Agreement (incorporated by reference to Exhibit 4.2 of
Registrant's Registration Statement on Form S-1, File No. 33-08443)

4.3 Request for Redemption (incorporated by reference to Exhibit 4.3 of
Registrant's Registration Statement on Form S-1, File No. 33-08443)

10.1 Form of Escrow Agreement among the Registrant, Prudential Securities
Futures Management Inc., Prudential Securities Incorporated and The Bank
of New York (incorporated by reference to Exhibit 10.1 of the
Registrant's Registration Statement on Form S-1, File No. 33-08443)

10.2 Brokerage Agreement between the Registrant and Prudential Securities
Incorporated (incorporated by reference to Exhibit 10.2 of the
Registrant's Registration Statement on Form S-1, File No. 33-08443)

10.3 Advisory Agreement, among the Registrant, Prudential Securities Futures
Management Inc. and Willowbridge Associates Inc. (incorporated by
reference to Exhibit 10.3 of the Registrant's Registration Statement on
Form S-1, File No. 33-08443)

10.4 Representation Agreement Concerning the Registration Statement and the
Prospectus among the Registrant, Prudential Securities Futures
Management Inc., Prudential Securities Incorporated, Wilmington Trust
Company and Willowbridge Associates Inc. (incorporated by reference to
Exhibit 10.4 of the Registrant's Registration Statement on Form S-1,
File No. 33-08443)

10.5 Net Worth Agreement between Prudential Securities Futures Management
Inc. and Prudential Securities Group Inc. (incorporated by reference to
Exhibit 10.5 of the Registrant's Registration Statement on Form S-1,
File No. 33-08443)

10.6 Secured Demand Note between Prudential Securities Group Inc. and
Prudential Securities Futures Management Inc. (incorporated by reference
to Exhibit 10.6 of the Registrant's Registration Statement on Form S-1,
File No. 33-08443)

10.7 Secured Demand Note Collateral Agreement between Prudential Securities
Futures Management Inc. and Prudential Securities Group Inc.
(incorporated by reference to Exhibit 10.7 of the Registrant's
Registration Statement on Form S-1, File No. 33-08443)

10.8 Form of Foreign Currency Addendum to Brokerage Agreement between the
Registrant and Prudential Securities Incorporated (incorporated by
reference to Exhibit 10.8 of the Registrant's Quarterly Report on Form
10-Q for the period ended June 30, 1996)

10.9 Advisory Agreement dated August 25, 1998 among the Registrant,
Prudential Securities Futures Management Inc. and Bridgewater
Associates, Inc. (incorporated by reference to Exhibit 10.9 of the
Registrant's Quarterly Report on Form 10-Q for the period ended
September 30, 1998)

10.10 Form of Advisory Agreement dated June 30, 2000 among the Registrant,
Prudential Securities Futures Management Inc. and Gamma Capital
Management, LLC (incorporated by reference to Exhibit 10.10 of the
Registrants Quarterly Report on Form 10-Q for the period ended June 30,
2000)

13.1 Registrant's 2000 Annual Report (with the exception of the information
and data incorporated by reference in Items 5, 7 and 8 of this Annual
Report on Form 10-K, no other information or data appearing in the
Registrant's 2000 Annual Report is to be deemed filed as part of this
report) (filed herewith)

(b) Reports on Form 8-K

No reports on Form 8-K were filed during the last quarter of the period
covered by this report.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

Prudential Securities Strategic Trust

By: Prudential Securities Futures Management Inc.
A Delaware corporation, Managing Owner

By: /s/ Steven Carlino Date: March 29, 2001
----------------------------------------
Steven Carlino
Vice President and Treasurer

Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
Registrant and in the capacities (with respect to the Managing Owner) and on
the dates indicated.

By: Prudential Securities Futures Management
Inc.A Delaware corporation, Managing Owner

By: /s/ Eleanor L. Thomas Date: March 29, 2001
-----------------------------------------
Eleanor L. Thomas
President and Director

By: /s/ Barbara J. Brooks Date: March 29, 2001
-----------------------------------------
Barbara J. Brooks
Chief Financial Officer

By: /s/ Steven Carlino Date: March 29, 2001
-----------------------------------------
Steven Carlino
Vice President and Treasurer

By: /s/ A. Laurence Norton, Jr. Date: March 29, 2001
-----------------------------------------
A. Laurence Norton, Jr.
Director

By: /s/ Guy S. Scarpaci Date: March 29, 2001
-----------------------------------------
Guy S. Scarpaci
Director

By: /s/ Tamara B. Wright Date: March 29, 2001
-----------------------------------------
Tamara B. Wright
Senior Vice President and Director