<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 March 29, 2002
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: 0-25785
WORLD MONITOR TRUST--SERIES A
- --------------------------------------------------------------------------------
(Exact name of Registrant as specified in its charter)
Delaware 13-3985040
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(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) 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
N/A
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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 __
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PART I. FINANCIAL INFORMATION
ITEM I. FINANCIAL STATEMENTS
WORLD MONITOR TRUST--SERIES A
(a Delaware Business Trust)
STATEMENTS OF FINANCIAL CONDITION
(Unaudited)
<Table>
<Caption>
March 29, December 31,
2002 2001
- ---------------------------------------------------------------------------------------------------
ASSETS
Cash $4,884,082 $5,425,959
Net unrealized gain on open futures contracts 182,081 210,147
Accrued interest receivable 555 --
---------- ------------
Total assets $5,066,718 $5,636,106
---------- ------------
---------- ------------
LIABILITIES AND TRUST CAPITAL
Liabilities
Commissions payable $ 36,144 $ 34,930
Redemptions payable 16,808 8,618
Management fees payable 9,571 919
---------- ------------
Total liabilities 62,523 44,467
---------- ------------
Commitments
Trust capital
Limited interests (66,592.135 and 70,712.634 interests outstanding) 4,947,438 5,531,871
General interests (764 interests outstanding) 56,757 59,768
---------- ------------
Total trust capital 5,004,195 5,591,639
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Total liabilities and trust capital $5,066,718 $5,636,106
---------- ------------
---------- ------------
Net asset value per limited and general interest ('Interests') $ 74.29 $ 78.23
---------- ------------
---------- ------------
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The accompanying notes are an integral part of these statements.
</Table>
2
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WORLD MONITOR TRUST--SERIES A
(a Delaware Business Trust)
Condensed Schedules of Investments
(Unaudited)
<Table>
<Caption>
March 29, 2002 December 31, 2001
-------------------------------- --------------------------------
Net Unrealized Net Unrealized
Gain (Loss) Gain (Loss)
as a % of Net Unrealized as a % of Net Unrealized
Futures Contracts Trust Capital Gain (Loss) Trust Capital Gain (Loss)
- -------------------------------------------------------------------------------------------------------------
Futures contracts purchased:
Stock indices $ 28,875 $ 10,350
Interest rates 109,862 (59,552)
Currencies -- 100,156
Commodities 48,640 (34,889)
-------------- --------------
Net unrealized gain on futures
contracts purchased 3.74% 187,377 0.29% 16,065
-------------- --------------
Futures contracts sold:
Interest rates 36,551 --
Currencies (77,910) 165,632
Commodities 36,063 28,450
-------------- --------------
Net unrealized gain (loss) on
futures contracts sold (.11) (5,296) 3.47 194,082
------ -------------- ------ --------------
Net unrealized gain on futures
contracts 3.63% $ 182,081 3.76% $ 210,147
------ -------------- ------ --------------
------ -------------- ------ --------------
Settlement Currency--Futures Contracts
British pound (.06)% $ (2,823) (1.24)% $ (69,132)
Euro 1.17 58,612 (0.46) (25,874)
Japanese yen 2.19 109,862 2.17 121,044
U.S. dollar .33 16,430 3.29 184,109
------ -------------- ------ --------------
Total 3.63% $ 182,081 3.76% $ 210,147
------ -------------- ------ --------------
------ -------------- ------ --------------
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The accompanying notes are an integral part of these statements.
</Table>
3
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WORLD MONITOR TRUST--SERIES A
(a Delaware Business Trust)
STATEMENTS OF OPERATIONS
(Unaudited)
<Table>
<Caption>
For the period from For the period from
January 1, 2002 to January 1, 2001 to
March 29, 2002 March 30, 2001
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REVENUES
Net realized gain (loss) on commodity transactions $ (156,258) $ 402,482
Change in net unrealized gain on open commodity positions (28,066) 704,799
Interest income 28,122 135,007
------------------- -------------------
(156,202) 1,242,288
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EXPENSES
Commissions 97,172 177,175
Management fees 25,040 22,827
------------------- -------------------
122,212 200,002
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Net income (loss) $ (278,414) $ 1,042,286
------------------- -------------------
------------------- -------------------
ALLOCATION OF NET INCOME (LOSS)
Limited interests $ (275,403) $ 1,031,116
------------------- -------------------
------------------- -------------------
General interests $ (3,011) $ 11,170
------------------- -------------------
------------------- -------------------
NET INCOME (LOSS) PER WEIGHTED AVERAGE LIMITED AND GENERAL
INTEREST
Net income (loss) per weighted average limited and general
interest $ (4.01) $ 8.91
------------------- -------------------
------------------- -------------------
Weighted average number of limited and general interests
outstanding 69,413 116,984
------------------- -------------------
------------------- -------------------
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</Table>
STATEMENT OF CHANGES IN TRUST CAPITAL
(Unaudited)
<Table>
<Caption>
LIMITED GENERAL
INTERESTS INTERESTS INTERESTS TOTAL
- -----------------------------------------------------------------------------------------------------
Trust capital--December 31, 2001 71,476.634 $5,531,871 $ 59,768 $5,591,639
Net loss (275,403) (3,011 ) (278,414)
Redemptions (4,120.499) (309,030) -- (309,030)
----------- ---------- --------- ----------
Trust capital--March 29, 2002 67,356.135 $4,947,438 $ 56,757 $5,004,195
----------- ---------- --------- ----------
----------- ---------- --------- ----------
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The accompanying notes are an integral part of these statements.
</Table>
4
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WORLD MONITOR TRUST--SERIES A
(a Delaware Business Trust)
NOTES TO FINANCIAL STATEMENTS
MARCH 29, 2002
(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 state fairly the financial position of World
Monitor Trust--Series A ('Series A') as of March 29, 2002 and the results of its
operations for the period from January 1, 2002 to March 29, 2002 ('First Quarter
2002') and January 1, 2001 to March 30, 2001 ('First Quarter 2001'). 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 accounting principles generally
accepted in the United States of America have been omitted. It is suggested that
these financial statements be read in conjunction with the financial statements
and notes thereto included in Series A's Annual Report on Form 10-K filed with
the Securities and Exchange Commission for the year ended December 31, 2001.
B. Related Parties
The Managing Owner of Series A is a wholly-owned subsidiary of Prudential
Securities Incorporated ('PSI'), which, in turn, is an indirect wholly-owned
subsidiary of Prudential Financial, Inc. The Managing Owner or its affiliates
perform services for Series A, 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. Except for costs related to brokerage services, PSI or its affiliates
pay the costs of these services in addition to Series A's routine operational,
administrative, legal and auditing costs.
The costs charged to Series A for brokerage services for First Quarter 2002
and First Quarter 2001 were $97,172 and $177,175, respectively.
Series A's assets are maintained either in trading or cash accounts with PSI,
Series A's commodity broker, or, for margin purposes, with the various exchanges
on which Series A is permitted to trade. PSI credits Series A monthly with 100%
of the interest it earns on the average net assets in Series A's accounts.
Series A, acting through its trading advisor, may execute 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 A pursuant to a line of credit. PSI may require that collateral
be posted against the marked-to-market position of Series A.
As of March 29, 2002, a non-U.S. affiliate of the Managing Owner owned
101.112 limited interests of Series A.
C. Derivative Instruments and Associated Risks
Series A is exposed to various types of risks 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 A's investment activities (credit risk).
5
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Market Risk
Trading in futures and forward contracts (including foreign exchange)
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 A's net assets being
traded, significantly exceeds Series A's future cash requirements since Series A
intends to close out its open positions prior to settlement. As a result, Series
A is generally subject only to the risk of loss arising from the change in the
value of the contracts. As such, Series A 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 A's commitments to purchase commodities
is limited to the gross or face amount of the contract held. However, when
Series A 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 A 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 A holds and the liquidity and inherent
volatility of the markets in which Series A trades.
Credit Risk
When entering into futures or forward contracts, Series A is exposed to
credit risk that the counterparty to the contract will not meet its obligations.
The counterparty for futures contracts traded on United States and most foreign
futures exchanges is the clearinghouse associated with the particular exchange.
In general, clearinghouses are backed by their corporate members who are
required to share any financial burden resulting from the non-performance by one
of their 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, if Series A enters into forward
transactions, the sole counterparty is PSI, Series A's commodity broker. Series
A has entered into a master netting agreement with PSI and, as a result, when
applicable, 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 A'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 A.
The Managing Owner attempts to minimize both credit and market risks by
requiring Series A 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; 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 A, the Managing
Owner and the trading advisor, Series A shall automatically terminate the
trading advisor if the net asset value allocated to the trading advisor declines
by 33 1/3% from the value at the beginning of any year or since the effective
date of the advisory agreement (i.e., March 2000). Furthermore, the Second
Amended and Restated Declaration of Trust and Trust Agreement provides that
Series A will liquidate its positions, and eventually dissolve, if Series A
experiences a decline in 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 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 A.
PSI, when acting as Series A'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 A all assets of Series A relating to
domestic futures trading and is not allowed to commingle such assets with other
assets of PSI. At March 29, 2002, such segregated assets totalled $2,720,951.
Part 30.7 of the CFTC regulations also requires PSI to secure assets of Series A
related to foreign futures trading, which totalled $2,345,212 at March 29, 2002.
There are no segregation requirements for assets related to forward trading.
6
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As of March 29, 2002, Series A's open futures contracts mature within three
months.
D. Financial Highlights
<Table>
<Caption>
First Quarter First Quarter
2002 2001
-------------- ------------------
Performance per Interest
Net asset value, beginning of period $ 78.23 $ 75.76
-------------- ----------
Net realized gain (loss) and change in net unrealized
gain on commodity transactions (2.58) 9.45
Interest income .40 1.15
Expenses (1.76) (1.71)
-------------- ----------
Increase (decrease) for the period (3.94) 8.89
-------------- ----------
Net asset value, end of period $ 74.29 $ 84.65
-------------- ----------
-------------- ----------
Total return (5.04)% 11.73%
Ratio to average net assets (annualized)
Interest income 2.15% 5.77%
Expenses 9.35% 8.55%
</Table>
These financial highlights represent the overall results of Series A
during First Quarter 2002 and First Quarter 2001. An individual limited owner's
actual results may differ depending on the timing of redemptions.
7
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WORLD MONITOR TRUST--SERIES A
(a Delaware Business Trust)
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND RESULTS OF OPERATIONS
Liquidity and Capital Resources
Series A commenced operations on June 10, 1998 with gross proceeds of
$6,039,177 allocated to commodities trading. Interests in Series A continued to
be offered weekly until Series A achieved its subscription maximum of
$34,000,000 during November 1999. The Managing Owner elected to suspend the
offering of Interests in World Monitor Trust--Series B and World Monitor
Trust--Series C and allowed all selling registrations to expire by April 30,
2002. As such, Interest owned in one series of World Monitor Trust may no longer
be exchanged for Interests of one or more other series of World Monitor Trust.
Interests in Series A may be redeemed on a weekly basis. Redemptions of
limited interests for First Quarter 2002 and for the period from June 10, 1998
(commencement of operations) to March 29, 2002 were $309,030 and $21,888,618,
respectively. Redemptions of general interests for the period from June 10, 1998
(commencement of operations) to March 29, 2002 were $196,740. Future redemptions
will impact the amount of funds available for investment in commodity contracts
in subsequent periods.
At March 29, 2002, 100% of Series A'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 A's trading in commodities. Inasmuch as the
sole business of Series A is to trade in commodities, Series A continues to own
such liquid assets to be used as margin. PSI credits Series A monthly with 100%
of the interest it earns on the average net assets in Series A's accounts.
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 A from promptly liquidating its commodity
futures positions.
Since Series A'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 contract
(credit risk). Series A'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 relationship among the contracts held. The inherent uncertainty of
Series A's speculative trading, as well as the development of drastic market
occurrences, could result in monthly losses considerably beyond Series A'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 A and its trading advisor to abide by various trading
limitations and policies, which include limiting margin amounts, trading only in
liquid markets and permitting the use of stop loss provisions. See Note C to the
financial statements for a further discussion on the credit and market risks
associated with Series A's futures and forward contracts.
Series A does not have, nor does it expect to have, any capital assets.
Results of Operations
The net asset value per Interest as of March 29, 2002 was $74.29, a decrease
of 5.04% from the December 31, 2001 net asset value per Interest of $78.23. Past
performance is not necessarily indicative of future results.
Series A's gross trading gains (losses) were $(184,000) during First Quarter
2002 compared to $1,107,000 during First Quarter 2001. Due to the nature of
Series A's trading activities, a period to period comparison of its trading
results is not meaningful. However, a detailed discussion of Series A's First
Quarter 2002 trading results is presented below.
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Quarterly Market Overview
While the first quarter of 2002 was generally characterized by continued
weakness in global economies, there was definite evidence of economic recovery.
The combination of post September 11th economic activity, infusions of
government spending and unseasonably warm weather helped jumpstart the economy
during the first quarter. Jobless claims moderated to levels that suggested that
the labor market was no longer contracting, manufacturing activity increased
slightly and consumer spending and housing activity remained stable, helping the
economy achieve a 5.8% growth rate for the quarter. U.S. economic recovery
helped boost global growth, but to a lesser extent than that in the U.S. The
U.K.'s economy expanded by 0.1% during the first quarter while economic activity
in Europe and Canada remained stable. The Japanese economy remained weak.
Global bond markets trended lower through most of the first quarter amid
growing prospects for imminent interest rate hikes by central banks. In the
U.S., interest rates rose towards the end of the quarter in response to stronger
than expected economic data and indications that the Federal Reserve (the 'Fed')
would lean towards increasing rates in the near future. The Fed kept rates
unchanged at 1.75% during its two meetings this quarter, a marked change from
the eleven rate decreases in 2001. Additionally, the Fed shifted its perception
of the economy's 'balance of risks' from 'economic weakness' to 'balanced'
during the March 19th meeting. This reinforced comments made by Alan Greenspan,
the Fed's Chairman, during his congressional testimony where he stated that
recent evidence suggests an economic expansion is under way. European and
Australian interest rate instruments fell amid indications that the global
recession is showing signs of abatement. Conversely, Japanese interest rates
declined as a result of weak economic data in Japan despite the short-term rise
in the stock market.
Equity indices began the quarter choppily due to a continuing weak economy
and concerns about balance sheet reporting and accounting irregularities. Stock
markets climbed towards mid-quarter as a result of positive data and hopes of an
economic recovery. U.S. stock markets moved upward as a result of Fed Chairman
Alan Greenspan's testimony to Congress that economic expansion was well under
way. Despite continued weakness in the Japanese economy, the Nikkei rallied in
March to its highest level since August.
In foreign exchange markets, the U.S. dollar remained strong against most
major foreign currencies as the U.S. economy exhibited signs of recovery. The
Japanese yen started the quarter down against the U.S. dollar, but rose towards
quarter-end as a result of a rally in the Japanese stock market and investors
repatriating capital in anticipation of Japan's March 31st fiscal year-end. Most
European currencies and the euro were weak early in the quarter but rallied in
March amid hopes of an economic recovery.
Energy markets were volatile at the beginning of the quarter, but rose toward
quarter-end as the escalating conflict in the Middle East prompted fears of an
interruption in supplies. This, together with hopes for increased U.S. energy
demand due to a recovering economy, reinforced the normal seasonal upward
pressure on energy prices. In particular, crude oil reached a six-month high at
the end of the quarter as the conflict in the Middle East gained momentum.
Natural gas prices moved higher in March as the American Gas Association
released better than expected storage numbers. Expectations for colder March
weather, together with concerns regarding the safety of nuclear power plants,
helped drive prices higher.
Quarterly Performance of Series A
The following is a summary of performance for the major sectors in which
Series A traded:
Metals (-): Precious metals rallied due to uncertainty in world economic
markets, conflict in the Middle East and the desire of Japanese investors to
hold gold as a store of value. Short gold positions resulted in losses.
Stock indices (-): Short positions in the Nikkei Dow, S&P 500 and Euro DAX
resulted in losses as equity indices rose amid optimism regarding an economic
recovery.
Energies (-): Energy prices rose as the conflict in the Middle East
intensified resulting in losses for short natural gas positions.
Currencies (-): Short euroyen positions incurred losses as the yen was
bolstered by the repatriation of capital in anticipation of Japan's March 31st
fiscal year-end. Long British pound positions resulted in losses as this
currency weakened against the U.S. dollar amid news of improving U.S. economic
activity.
9
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Interest rates (+): Global bond markets fell on speculation of economic
growth and news in March that the Fed shifted their view on the economy from
weak to neutral. Short positions in Japanese Government Bonds resulted in gains.
Grains (+): Short corn positions resulted in gains on rumors that China was
canceling purchase orders for U.S. corn and news of an expected high U.S. crop.
Series A's average net asset levels during First Quarter 2002 have
significantly decreased from First Quarter 2001, primarily due to redemptions
during 2001 and First Quarter 2002 and poor trading performance during First
Quarter 2002 offset, in part, by favorable trading performance in 2001. The
declining asset levels have led to proportionate decreases in the amount of
interest earned by Series A, as well as commissions and management fees
incurred.
Interest income is earned on the average net assets held at PSI and,
therefore, varies monthly according to interest rates, trading performance and
redemptions. Interest income decreased $107,000 during First Quarter 2002 as
compared to First Quarter 2001 due to lower interest rates during First Quarter
2002 as compared to First Quarter 2001, as well as the decrease in net assets as
discussed above.
Commissions are calculated on Series A's net asset value at the end of each
week and, therefore, vary according to weekly trading performance and
redemptions. Commissions decreased $80,000 during First Quarter 2002 as compared
to First Quarter 2001 due to the decrease in average net asset levels as
discussed above.
Effective December 6, 1999, the Eagle-Global System became the exclusive
trading program used by Eagle Trading Systems, Inc. (the 'Trading Advisor') to
trade Series A's assets. In conjunction with this change, the Managing Owner and
the Trading Advisor voluntarily agreed to terminate the initial advisory
agreement ('Initial Advisory Agreement') and enter into a new advisory agreement
('New Advisory Agreement') effective March 21, 2000.
Pursuant to the New Advisory Agreement, the Trading Advisor was to be paid a
weekly management fee at an annual rate of 1% of Series A's net asset value
until the net asset value per Interest was at least $80 for a period of 10
consecutive business days, at which time the weekly management fee was to be
increased to an annual rate of 2% (i.e., the rate pursuant to the Initial
Advisory Agreement). Effective October 31, 2001, Series A sustained a net asset
value per Interest greater than $80 for 10 consecutive business days. As a
result, the Trading Advisor has been paid a weekly management fee at an annual
rate of 2% since November 1, 2001. Additionally, although the term of the New
Advisory Agreement commenced on March 21, 2000, the Trading Advisor must recoup
all trading losses incurred under the Initial Advisory Agreement before an
incentive fee is paid. Furthermore, the New Advisory Agreement resets the net
asset value for purposes of its termination provisions (see Note C to the
financial statements). The New Advisory Agreement may be terminated for a
variety of reasons, including at the discretion of the Managing Owner.
All trading decisions for Series A are made by the Trading Advisor.
Management fees are calculated on Series A's net asset value at the end of each
week and, therefore, are affected by weekly trading performance and redemptions.
Management fees increased $2,000 during First Quarter 2002 as compared to First
Quarter 2001 primarily due to the increase in management fee rate from an annual
rate of 1% of Series A's net asset value to 2% offset, in part, by the decrease
in average net asset levels as discussed above.
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. No incentive fees were paid during First
Quarter 2002 or First Quarter 2001.
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.
10
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PART II. OTHER INFORMATION
Item 1. Legal Proceedings--There are no material legal proceedings pending by or
against Series A 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--None
Item 6. (a) Exhibits--
3.1
and
4.1--Second Amended and Restated Declaration of Trust and Trust Agreements of
World Monitor Trust dated as of March 17, 1998 (incorporated by reference
to Exhibits 3.1 and 4.1 to Series A's Registration Statement on Form S-1,
File No. 333-43033)
4.2--Form of Request for Redemption (incorporated by reference to Exhibit 4.2
to Series A's Registration Statement on Form S-1, File No. 333-43033)
4.3--Form of Exchange Request (incorporated by reference to Exhibit 4.3 to
Series A's Registration Statement on Form S-1, File No. 333-43033)
4.4--Form of Subscription Agreement (incorporated by reference to Exhibit 4.4
to Series A's Registration Statement on Form S-1, File No. 333-43033)
(b) Reports on Form 8-K--None
11
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Series A
has duly caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
WORLD MONITOR TRUST--SERIES A
By: Prudential Securities Futures Management Inc.
A Delaware corporation, Managing Owner
By: /s/ Barbara J. Brooks Date: May 13, 2002
----------------------------------------
Barbara J. Brooks
Chief Financial Officer
12