<Page>
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, 2001
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: 0-25787
WORLD MONITOR TRUST--SERIES B
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 13-3985041
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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
Securities registered pursuant to Section 12(b) of the Act:
None
- -------------------------------------------------------------------------------
Securities registered pursuant to Section 12(g) of the Act:
Limited Interests
- -------------------------------------------------------------------------------
(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 [ ]
DOCUMENTS INCORPORATED BY REFERENCE
Registrant's Annual Report to Interest holders for the year ended December
31, 2001 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.
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WORLD MONITOR TRUST--SERIES B
(a Delaware Business Trust)
TABLE OF CONTENTS
<Table>
<Caption>
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
<Caption>
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
<Caption>
PART III
Item 10 Directors and Executive Officers of the Registrant............................... 6
Item 11 Executive Compensation........................................................... 8
Item 12 Security Ownership of Certain Beneficial Owners and Management................... 8
Item 13 Certain Relationships and Related Transactions................................... 8
<Caption>
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
</Table>
2
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PART I
Item 1. Business
General
World Monitor Trust (the 'Trust') is a business trust organized under the
laws of Delaware on December 17, 1997. The Trust commenced trading operations on
June 10, 1998 and will terminate on December 31, 2047 unless terminated sooner
as provided in the Second Amended and Restated Declaration of Trust and Trust
Agreement (the 'Trust Agreement'). The Trust consists of three separate and
distinct series ('Series'): Series A, B and C. The assets of each Series are
segregated from those of the other Series, separately valued and independently
managed. Each Series was formed to engage in the speculative trading of a
diversified portfolio of futures, forward and options contracts, and may, from
time to time, engage in cash and spot transactions. The trustee of the Trust is
Wilmington Trust Company. The Trust's fiscal year for book and tax purposes ends
on December 31.
Series B (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 Offering
Beneficial interests in each Series ('Interests') are being offered once each
week until each Series' subscription maximum has been issued either through sale
or exchange or until the managing owner of the Registrant, Prudential Securities
Futures Management Inc. (the 'Managing Owner'), suspends the offering of
Interests. On June 10, 1998, a sufficient number of subscriptions for each
Series had been received and accepted by the managing owner to permit each
Series to commence trading. The Registrant completed its initial offering with
gross proceeds of $5,709,093 from the sale of 56,330.929 limited interests and
760.000 general interests. General interests are sold exclusively to the
Managing Owner.
Series A was offered until it achieved its subscription maximum of
$34,000,000 during November 1999. Interests in Series B and Series C will
continue to be offered on a weekly basis at the then current net asset value per
Interest until the the Managing Owner suspends the offering of Interests or the
subscription maximum of $33,000,000 for each Series is sold ('Continuous
Offering Period'). On February 25, 2002, the Managing Owner elected to suspend
the offering of Interests in Series B and Series C upon the expiration of
current selling registrations. The registrations expired in many states on March
24, 2002 and all registrations will expire by April 30, 2002. While the Managing
Owner does not anticipate doing so, it may, at its election, reinstate the
offering of Interests in Series B and Series C in the future.
During the Continuous Offering Period through December 31, 2001, the
Registrant raised additional gross proceeds of $24,345,144.
Managing Owner and its Affiliates
The Managing Owner of the Registrant is a wholly owned subsidiary of
Prudential Securities Incorporated ('PSI'), which, in turn, is an indirect
wholly owned subsidiary of Prudential Financial, Inc. PSI is the selling agent
for the Registrant, as well as its commodity broker. The Managing Owner is
required to maintain at least a 1% interest in the capital, profits and losses
of each Series so long as it is acting as the Managing Owner, and it will make
such contributions (and in return will receive general interests) as are
necessary to meet this requirement.
The Trading Advisor
Each Series has its own independent commodity trading advisor that makes that
Series' trading decisions. The Managing Owner, on behalf of the Registrant,
entered into an advisory agreement with Eclipse Capital Management, Inc. (the
'Trading Advisor') to make the trading decisions for the Registrant. The
advisory agreement may be terminated for various reasons, including at the
discretion of the Managing Owner. The Managing Owner has allocated 100% of the
proceeds from the initial and continuous offering of the Registrant to the
Trading Advisor and it is currently contemplated that the Trading Advisor will
continue to be allocated 100% of additional capital raised for the Registrant
during the Continuous Offering Period.
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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 is an open-end fund which will solicit the sale of additional
Interests on a weekly basis until the Managing Owner suspends the offering of
Interests or the subscription maximum is reached. As such, the Registrant may
compete with other entities, whether or not formed by the Managing Owner, to
attract new participants. In addition, to the extent that the Trading Advisor
recommends similar or identical trades to the Registrant and other accounts
which it manages, the Registrant may compete with those accounts for the
execution of the same or similar trades, as well as with other market
participants.
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, 2001 (the 'Registrant's 2001 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 and the use of proceeds
is incorporated by reference to Note A to the Registrant's 2001 Annual Report,
which is filed as an exhibit hereto.
A significant secondary market for the Interests has not developed, and is
not expected to 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, Interests 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. Additionally, Interests owned in one series of the Trust
(Series A, B or C) 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. (See also Item 1, Business, for information
regarding suspension of the offering of Interests.) Once the suspension of the
offering of Interests takes effect, Interests owned in one series of the Trust
may no longer be exchanged for Interests of one or more other Series. Exchanges
and redemptions are calculated based on the applicable Series' then current net
asset value per Interest as of the close of business on the Friday immediately
preceding the week in which the exchange or redemption request is effected.
The Registrant did not sell any unregistered interests (i.e. general
interests) exempt from registration under Section 4(2) of the Securities Act of
1933 during the year ended December 31, 2001.
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 21, 2002, there were 960 holders of record owning 94,768.511
Interests which include 1,200.000 general interests.
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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 10 of the Registrant's 2001
Annual Report which is filed as an exhibit hereto.
<Table>
<Caption>
Period from
June 10, 1998
Year ended December 31, (commencement of
-------------------------------------------- operations) to
2001 2000 1999 December 31, 1998
------------ ------------ ------------
Total revenues (including
interest) $ (225,135 ) $ 1,018,696 $ 3,514,395 $ 1,732,093
------------ ------------ ------------ -------------------
------------ ------------ ------------ -------------------
Net income/(loss) $(1,535,122 ) $ (950,955 ) $ 1,116,560 $ 1,059,653
------------ ------------ ------------ -------------------
------------ ------------ ------------ -------------------
Net income/(loss) per weighted
average Interest $ (13.06 ) $ (5.22 ) $ 6.91 $ 13.06
------------ ------------ ------------ -------------------
------------ ------------ ------------ -------------------
Total assets $10,734,048 $17,796,383 $26,285,827 $11,558,059
------------ ------------ ------------ -------------------
------------ ------------ ------------ -------------------
Net asset value per Interest $ 108.57 $ 121.87 $ 121.63 $ 111.98
------------ ------------ ------------ -------------------
------------ ------------ ------------ -------------------
</Table>
Item 7. Management's Discussion and Analysis of Financial Condition and Results
of Operations
This information is incorporated by reference to pages 12 through 15 of the
Registrant's 2001 Annual Report which is filed as an exhibit hereto.
Item 7A. 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.
Item 8. Financial Statements and Supplementary Data
The financial statements are incorporated by reference to pages 2 through 10
of the Registrant's 2001 Annual Report which is filed as an exhibit hereto.
Selected unaudited quarterly financial data for the years ended December 31,
2001 and 2000 are summarized below:
<Table>
<Caption>
For the period from For the period from For the period from For the period from
January 1, 2001 March 31, 2001 June 30, 2001 September 29, 2001
to to to to
March 30, 2001 June 29, 2001 September 28, 2001 December 31, 2001
------------------- ------------------- ------------------- -------------------
Total revenues
(including
interest) $ 611,471 $ (991,791) $ 385,051 $ (229,866)
------------------- ------------------- ------------------- -------------------
------------------- ------------------- ------------------- -------------------
Total revenues
(including
interest) less
commissions $ 283,339 $(1,249,767) $ 154,451 $ (454,745)
------------------- ------------------- ------------------- -------------------
------------------- ------------------- ------------------- -------------------
Net income (loss) $ 198,782 $(1,316,240) $ 95,029 $ (512,693)
------------------- ------------------- ------------------- -------------------
------------------- ------------------- ------------------- -------------------
Net income (loss) per
weighted average
Interest $ 1.40 $ (11.04) $ .87 $ (5.06)
------------------- ------------------- ------------------- -------------------
------------------- ------------------- ------------------- -------------------
</Table>
5
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<Table>
<Caption>
For the period from For the period from For the period from For the period from
January 1, 2000 April 1, 2000 July 1, 2000 September 30, 2000
to to to to
March 31, 2000 June 30, 2000 September 29, 2000 December 31, 2000
------------------- ------------------- ------------------- -------------------
Total revenues
(including
interest) $(258,691) $ (432,522) $(2,559,254) $ 4,269,163
------------------- ------------------- ------------------- -------------------
------------------- ------------------- ------------------- -------------------
Total revenues
(including
interest) less
commissions $(741,206) $ (856,730) $(2,905,025) $ 3,955,544
------------------- ------------------- ------------------- -------------------
------------------- ------------------- ------------------- -------------------
Net income (loss) $(865,542) $ (966,017) $(2,994,124) $ 3,874,728
------------------- ------------------- ------------------- -------------------
------------------- ------------------- ------------------- -------------------
Net income (loss) per
weighted average
Interest $ (4.14) $ (4.99) $ (17.32) $ 25.00
------------------- ------------------- ------------------- -------------------
------------------- ------------------- ------------------- -------------------
</Table>
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 ten percent 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 (other than the Massachusetts Bay Transportation
Authority Retirement Fund which did not file Form 4 in a timely manner upon
redeeming its beneficial ownership). 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:
<Table>
<Caption>
Name Position
Alex H. Ladouceur Chairman of the Board of Directors and Director
Eleanor L. Thomas President and Director
Barbara J. Brooks Chief Financial Officer
Guy S. Scarpaci Director
Tamara B. Wright Senior Vice President and Director
Thomas T. Bales Vice President
David Buchalter Secretary
</Table>
ALEX H. LADOUCEUR, born 1960, has been Chairman of the Board of Directors and
a Director of the Managing Owner since November 2001 and also has held such
positions with Seaport Futures Management, Inc. ('Seaport Futures'), an
affiliate of the Managing Owner, since such date. Mr. Ladouceur joined PSI in
August 2001 as Executive Vice President, Head of the Global Derivatives
division. He is responsible for all operating activities of PSI's Global
Derivatives division including sales and trading, foreign exchange,
6
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base and precious metals, and the trading floors. In addition, Mr. Ladouceur has
responsibility for Alternative Investment Strategies. Mr. Ladouceur joined PSI
from Credit Lyonnais Rouse Ltd. ('CLR'), where he served as president of their
United States operations since 1992 and as a main board director of CLR in
London since 1994. In 1998, he was appointed managing director of Global Cash
Markets at CLR with responsibility for leading global market-making and sales
for OTC products, including structured derivative products. Mr. Ladouceur earned
his bachelor's degree in Economics from the University of Calgary in Alberta,
Canada, and his master's degree in European Studies from the College of Europe
in Bruges, Belgium.
ELEANOR L. THOMAS, born 1954, has been a Director and President of the
Managing Owner since September 2000 and was a Director and Executive Vice
President from April 1999 to September 2000. She was a First Vice President of
the Managing Owner and Seaport Futures from October 1998 to April 1999 and a
Director and the President of Seaport Futures since such date. Ms. Thomas is a
Senior Vice President and the Director of Alternative Investment Strategies at
PSI. She is responsible for origination, asset allocation, due diligence,
marketing and sales for the group's product offerings. 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. She
graduated Summa Cum Laude from Long Island University with a B.A. in English
Literature, and graduated Baruch College in 1986 with an M.B.A. in Accounting.
Ms. Thomas is a certified public accountant.
BARBARA J. BROOKS, born 1948, became the Treasurer and Chief Financial
Officer of the Managing Owner in May 1990, at which time she also became the
Treasurer and Chief Financial Officer of Seaport Futures. In 1998, she
relinquished her position as Treasurer of the Managing Owner and Seaport
Futures. She is a Senior Vice President of PSI and is the Vice President-Finance
and the Chief Financial Officer of various entities affiliated with PSI. She has
been employed by PSI since 1983. Ms. Brooks is a certified public accountant.
GUY S. SCARPACI, born 1947, has been a Director of the Managing Owner since
July 1987 and was Assistant Treasurer from May 1988 until December 1989. In
addition, Mr. Scarpaci has been a Director of Seaport Futures since May 1989.
Mr. Scarpaci was first affiliated with the Managing Owner in July 1987. Mr.
Scarpaci has been employed by PSI in positions of increasing responsibility
since August 1974, and he is currently a Senior Vice President of the Global
Derivatives division.
TAMARA B. WRIGHT, born 1959, has been a Senior Vice President of the Managing
Owner and Seaport Futures since October 1998 and a Director of the Managing
Owner since December 1998. She is also a Senior Vice President and the Chief
Administrative Officer for the International Division at PSI. In this capacity,
her responsibilities include financial management, risk management, systems
implementation, employment matters and internal control policies and procedures.
Previously, Mrs. Wright served as Director of Consumer Markets Risk Management,
where she led the Domestic and International Branch efforts in ensuring the
timely resolution of audit, compliance and legal concerns. Prior to joining the
firm, Mrs. Wright was a manager with PricewaterhouseCoopers LLP in its
Management Consulting division in New York, New York.
THOMAS T. BALES, born 1959, is a Vice President of the Managing Owner. He is
also a Senior Vice President of Futures Administration in the Global Derivatives
division for PSI, and he serves in various capacities for other affiliated
companies. Prior to joining the Global Derivatives division, Mr. Bales served as
in-house counsel in the Law Department of PSI from October 1987 through May
1996. Mr. Bales joined PSI in November 1981 as an Analyst in the Credit Analysis
Department and later served as a Section Manager.
DAVID BUCHALTER, born 1958, has been the Secretary of both the Managing Owner
and Seaport Futures since October 1996. Mr. Buchalter is a Senior Vice President
and is Senior Counsel in the Law Department of PSI. Prior to joining PSI in
January 1992, Mr. Buchalter was associated with the law firm of Rosenman & Colin
LLP from April 1988 to January 1992. Prior to that, from May 1983 though March
1988, Mr. Buchalter served as in-house counsel for Shearson Lehman Hutton, Inc.
and its predecessor firm, E.F. Hutton & Co., Inc.
7
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Effective March 2001, A. Laurence Norton, Jr. resigned as a Director of both
the Managing Owner and Seaport Futures. Additionally, Steven Carlino resigned as
Vice President and Treasurer for both the Managing Owner and Seaport Futures
effective March 2002.
Effective November 2001, Alex H. Ladouceur was elected by the Board of
Directors of the Managing Owner as Chairman of the Board and he has served as
Chairman of the Board of Seaport Futures since November 2001.
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 21, 2002, 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 21, 2002, no director or executive officer of the Managing Owner
owns directly or beneficially any of the Interests issued by the Registrant.
As of March 21, 2002, no owner of limited interests beneficially owns 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 2001 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.
8
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PART IV
<Table>
<Caption>
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 2001 Annual Report which is filed as an
exhibit hereto
Report of Independent Accountants 2
Financial Statements:
Statements of Financial Condition--December 31, 2001 and 2000 3
Condensed Schedule of Investments at December 31, 2001 4
Statements of Operations--Three Years ended December 31, 2001 5
Statements of Changes in Trust Capital--Three years ended December 31,
2001 5
Notes to Financial Statements 6
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
Description:
3.1 Second Amended and Restated Declaration of Trust and Trust Agreement of
and World Monitor Trust dated as of March 17, 1998 (incorporated by
4.1 reference to Exhibits 3.1 and 4.1 to Registrant's Registration Statement
on Form S-1, File No. 333-43041, dated as of March 23, 1998)
4.2 Form of Request for Redemption (incorporated by reference to Exhibit 4.2
to Registrant's Registration Statement on Form S-1, File No. 333-43041,
dated as of March 23, 1998)
4.3 Form of Exchange Request (incorporated by reference to Exhibit 4.3 to
Registrant's Registration Statement on Form S-1, File No. 333-43041,
dated as of March 23, 1998)
4.4 Form of Subscription Agreement (incorporated by reference to Exhibit 4.4
to Registrant's Registration Statement on Form S-1, File No. 333-43041,
dated as of March 23, 1998)
10.1 Form of Escrow Agreement among the Trust, Prudential Securities Futures
Management Inc., Prudential Securities Incorporated and The Bank of New
York (incorporated by reference to Exhibit 10.1 to Registrant's
Registration Statement on Form S-1, File No. 333-43041, dated as of
March 23, 1998)
10.2 Form of Brokerage Agreement between the Trust and Prudential Securities
Incorporated (incorporated by reference to Exhibit 10.2 to Registrant's
Registration Statement on Form S-1, File No. 333-43041, dated as of
March 23, 1998)
10.3 Form of Advisory Agreement among the Registrant, Prudential Securities
Futures Management Inc., and the Trading Advisor (incorporated by
reference to Exhibit 10.3 to Registrant's Registration Statement on Form
S-1, File No.
</Table>
9
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<Table>
333-43041, dated as of March 23, 1998)
10.4 Form of Representation Agreement Concerning the Registration Statement
and the Prospectus among the Registrant, Prudential Securities Futures
Management Inc., Prudential Securities Incorporated, Wilmington Trust
Company and the Trading Advisor (incorporated by reference to Exhibit
10.4 to Registrant's Registration Statement on Form S-1, File No.
333-43041, dated as of March 23, 1998)
10.5 Form of Net Worth Agreement between Prudential Securities Futures
Management Inc. and Prudential Securities Group Inc. (incorporated by
reference to Exhibit 10.5 to Registrant's Registration Statement on Form
S-1, File No. 333-43041, dated as of March 23, 1998)
10.6 Form of Foreign Currency Addendum to Brokerage Agreement between the
Trust and Prudential Securities Incorporated (incorporated by reference
to Exhibit 10.6 to Registrant's Quarterly Report on Form 10-Q, File No.
333-43041, for the quarter ended March 31, 1998)
13.1 Registrant's 2001 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 2001 Annual Report is to be deemed filed as part of this
report) (filed herewith)
(b) Reports on Form 8-K--None
</Table>
10
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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.
<Table>
World Monitor Trust--Series B
By: Prudential Securities Futures Management Inc.
A Delaware corporation, Managing Owner
By: /s/ Barbara J. Brooks Date: March 28, 2002
----------------------------------------
Barbara J. Brooks
Chief Financial Officer
</Table>
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.
<Table>
By: Prudential Securities Futures Management
Inc.A Delaware corporation, Managing Owner
By: /s/ Alex H. Ladouceur Date: March 28, 2002
-----------------------------------------
Alex H. Ladouceur
Chairman of the Board of Directors and
Director
By: /s/ Eleanor L. Thomas Date: March 28, 2002
-----------------------------------------
Eleanor L. Thomas
President and Director
By: /s/ Barbara J. Brooks Date: March 28, 2002
-----------------------------------------
Barbara J. Brooks
Chief Financial Officer (chief accounting
officer)
By: /s/ Guy S. Scarpaci Date: March 28, 2002
-----------------------------------------
Guy S. Scarpaci
Director
By: Date:
-----------------------------------------
Tamara B. Wright
Senior Vice President and Director
</Table>
11