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Alternative Investment
Strategies

WORLD MONITOR TRUST--
SERIES C

MONTHLY REPORT/
MAY 31, 2002


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         WORLD MONITOR TRUST--SERIES C
- -------------------------------------------------------------------------------
Dear Interest Holder:

Enclosed is the report for the period from April 27, 2002 to May 31, 2002 for
World Monitor Trust--Series C ('Series C'). The net asset value of an interest
as of May 31, 2002 was $75.30, a decrease of 5.78% from the April 26, 2002 value
of $79.92. The calendar year-to-date return for Series C was an increase of
0.84% as of May 31, 2002.

The estimated net asset value per interest as of June 17, 2002 was $79.03. 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 April 27, 2002 to
  May 31, 2002
Revenues:
Realized loss on commodity
  transactions.......................   $ (68,080)
Change in unrealized commodity
  positions..........................    (210,712)
Interest income......................      12,636
                                        ---------
                                         (266,156)
                                        ---------
Expenses:
Commissions..........................      39,933
Management fee.......................      10,327
                                        ---------
                                           50,260
                                        ---------
Net loss.............................   $(316,416)
                                        ---------
                                        ---------

STATEMENT OF CHANGES IN NET ASSET VALUE
- --------------------------------------------------
For the period from April 27, 2002 to
  May 31, 2002
                                             Per
                                Total      Interest
                              ----------   -------
Net asset value at beginning
  of period (69,774.777
  interests)................  $5,576,612   $ 79.92
Net loss....................    (316,416)
Redemptions.................    (115,923)
                              ----------
Net asset value at end of
  period (68,320.870
  interests)................  $5,144,273     75.30
                              ----------
                              ----------
                                           -------
Change in net asset
  value per interest....................   $ (4.62)
                                           -------
                                           -------
Percentage change.......................     (5.78)%
                                           -------
                                           -------

- ------------------------------------------------------
I hereby affirm that, to the best of my knowledge and belief, the information
contained herein relating to World Monitor Trust--Series C is accurate and
complete.

                         PRUDENTIAL SECURITIES FUTURES
                                MANAGEMENT INC.

                               by: Steven Weinreb
                            Chief Financial Officer