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Alternative Investment
Strategies
WORLD MONITOR TRUST II--
SERIES E
MONTHLY REPORT/
MAY 31, 2002
PRUDENTIAL (LOGO)
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WORLD MONITOR TRUST II--SERIES E
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Dear Interest Holder:
Enclosed is the report for the period from April 27, 2002 to May 31, 2002 for
World Monitor Trust II--Series E ('Series E'). The net asset value of an
interest as of May 31, 2002 was $121.17, an increase of 4.58% from the April 26,
2002 value of $115.86. The calendar year-to-date return for Series E was a
decrease of 6.28% as of May 31, 2002.
The estimated net asset value per interest as of June 17, 2002 was $121.12. 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.
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STATEMENT OF OPERATIONS
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For the period from April 27, 2002
to May 31, 2002
Revenues:
Realized gain on commodity
transactions....................... $ 11,923
Change in unrealized commodity
positions.......................... 594,451
Interest income...................... 18,951
--------
625,325
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Expenses:
Commissions.......................... 67,858
Management fees...................... 22,589
Other transaction fees............... 2,475
Other expenses....................... 10,478
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103,400
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Net gain............................. $521,925
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<Table>
STATEMENT OF CHANGES IN NET ASSET VALUE
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For the period from April 27, 2002
to May 31, 2002
<Caption>
Per
Total Interest
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Net asset value at
beginning of period
(86,783.779 interests)... $10,054,487 $115.86
Contributions.............. 2,266,447
Net gain................... 521,925
Redemptions................ (392,329)
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Net asset value at end of
period (102,751.281
interests)............... $12,450,530 121.17
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-----------
Change in net asset value per
interest.............................. $ 5.31
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Percentage change....................... 4.58%
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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