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Alternative Investment
Strategies

WORLD MONITOR TRUST II--
SERIES E

MONTHLY REPORT/
APRIL 26, 2002

(LOGO)

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         WORLD MONITOR TRUST II--SERIES E
- -------------------------------------------------------------------------------

Dear Interest Holder:

Enclosed is the report for the period from March 30, 2002 to April 26, 2002 for
World Monitor Trust II--Series E ('Series E'). The net asset value of an
interest as of April 26, 2002 was $115.86, a decrease of 4.86% from the March
29, 2002 value of $121.78. The calendar year-to-date return for Series E was a
decrease of 10.39% as of April 26, 2002.

Effective May 2002, Steven Weinreb has been elected by the Board of Directors
of Prudential Securities Futures Management Inc. as Chief Financial Officer
replacing Barbara Brooks.

The estimated net asset value per interest as of May 21, 2002 was $119.56. 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) 778-2443.

          Sincerely yours,

          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 March 30, 2002
  to April 26, 2002
Revenues:
Realized loss on commodity
  transactions.......................   $(220,506)
Change in unrealized commodity
  positions..........................    (223,365)
Interest income......................      13,523
                                        ---------
                                         (430,348)
                                        ---------
Expenses:
Commissions..........................      45,755
Management fees......................      15,231
Other transaction fees...............       3,311
Other expenses.......................       7,670
                                        ---------
                                           71,967
                                        ---------
Net loss.............................   $(502,315)
                                        ---------
                                        ---------

STATEMENT OF CHANGES IN NET ASSET VALUE
- --------------------------------------------------
For the period from March 30, 2002
  to April 26, 2002
                                             Per
                                Total      Interest
                             -----------   -------
Net asset value at
  beginning of period
  (83,192.725 interests)...  $10,131,286   $121.78
Contributions..............      600,700
Net loss...................     (502,315)
Redemptions................     (175,184)
                             -----------
Net asset value at end of
  period (86,783.779
  interests)...............  $10,054,487    115.86
                             -----------
                             -----------
                                           -------
Change in net asset value per
  interest..............................   $ (5.92)
                                           -------
                                           -------
Percentage change.......................     (4.86)%
                                           -------
                                           -------

- ------------------------------------------------------
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.

                               by: Steven Weinreb
                            Chief Financial Officer