<Page>
(LOGO)
WORLD MONITOR TRUST II--
SERIES E
MONTHLY REPORT/
OCTOBER 26, 2001
<Page>
WORLD MONITOR TRUST II--SERIES E
- -------------------------------------------------------------------------------
Dear Interest Holder:
Enclosed is the report for the period from September 29, 2001 to October 26,
2001 for World Monitor Trust II--Series E ('Series E'). The net asset value of
an interest as of October 26, 2001 was $142.57, an increase of 3.45% from the
September 28, 2001 value of $137.82. The year-to-date return for Series E was
an increase of 18.45% as of October 26, 2001.
The estimated net asset value per interest as of November 14, 2001 was $141.49.
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 (212) 778-1017.
Sincerely yours,
/s/ Eleanor L. Thomas
-------------------------
Eleanor L. Thomas
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.
STATEMENT OF OPERATIONS
- ------------------------------------------------
For the period from September 29, 2001
to October 26, 2001
Revenues:
Realized gain on commodity
transactions....................... $128,005
Change in unrealized commodity
positions.......................... 269,010
Interest income...................... 22,818
--------
419,833
--------
Expenses:
Commissions.......................... 38,707
Management fees...................... 12,965
Incentive fees....................... 74,297
Other transaction fees............... 1,470
Other expenses....................... 6,157
--------
133,596
--------
Net gain............................. $286,237
--------
--------
STATEMENT OF CHANGES IN NET ASSET VALUE
- ---------------------------------------------------
For the period from September 29, 2001
to October 26, 2001
Per
Total Interest
---------- --------
Net asset value at beginning
of period (59,689.815
interests)................ $8,226,290 $ 137.82
Contributions............... 111,000
Net gain.................... 286,237
Redemptions................. (73,100)
----------
Net asset value at end of
period (59,975.494
interests)................ $8,550,427 142.57
----------
----------
--------
Change in net asset value per
interest.............................. $ 4.75
--------
--------
Percentage change....................... 3.45%
--------
--------
- ------------------------------------------------------
I hereby affirm that, to the best of my knowledge and belief, the information
contained herein relating to World Monitor Trust II--Series E is accurate and
complete.
PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC.
/s/ Barbara J. Brooks
-------------------------
by: Barbara J. Brooks
Chief Financial Officer