WILLOWBRIDGE STRATEGIC TRUST
MONTHLY REPORT/
OCTOBER 31, 1997
WILLOWBRIDGE STRATEGIC TRUST
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Dear Interest Holder:
Enclosed is the report for the month of October 1997 for Willowbridge Strategic
Trust ('the Trust'). The net asset value of an interest as of October 31, 1997
was $99.53, a decrease of 3.61% from the September 30, 1997 $103.26 value. The
1997 year-to-date return for the Trust was a decrease of 3.81% as of October 31,
1997.
The Trust's trading resulted in a decrease in the net asset value for the month
of October. Losses were incurred in the financial, metal, energy, currency and
soft sectors. Profits were achieved in the index, grain and meat sectors.
In the financial sector, there were a number of cross currents in October which
were accentuated by the sharp drop in the Asian markets in the latter part of
the month. As investors sought a safe haven for assets, early profits in the
Japanese yen relative to the U.S. dollar eroded as the dollar rose in value.
Similarly, in the financial sector, U.S. Treasury bond prices rose for quality
reasons causing a similar reduction in earlier profits. In the metal sector, the
Trust incurred losses in gold positions as potential central bank sales
triggered a reversal in gold prices.
In the grain sector, rising prices during the month benefited the Trust. These
higher prices resulted from market expectations of high global grain demand.
The estimated net asset value per interest as of November 24, 1997 was $99.01.
Past performance is not necessarily indicative of future results.
Should you have any questions, please contact your Prudential Securities
Financial Advisor. For questions concerning your account status, contact
Prudential Securities Client Services at 1-800-535-2077.
Sincerely yours,
James M. Kelso
President & Director
PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC.
Please note that the value which appears on your Prudential Securities statement
is an estimated value at month-end. The correct value is contained in this
report.
STATEMENT OF OPERATIONS
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For the month of October 1997
Revenues:
Realized loss on commodity
transactions........................... $(3,528,409)
Change in unrealized commodity
positions.............................. 2,000,444
Interest income.......................... 187,263
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(1,340,702)
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Expenses:
Commissions.............................. 317,444
Management fee........................... 118,736
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436,180
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Net loss................................. $(1,776,882)
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STATEMENT OF CHANGES IN NET ASSET VALUE
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For the month of October 1997
Per
Total Unit
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Net asset value at beginning of
month
(466,797.675 interests)........ $48,200,963 $103.26
Contributions.................... 951,600
Net loss......................... (1,776,882)
Redemptions...................... (1,396,739)
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Net asset value at end of month
(461,979.894 interests)........ $45,978,942 99.53
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Change in net asset
value per interest.......................... $ (3.73)
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Percentage change............................. (3.61)%
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I hereby affirm that, to the best of my knowledge and belief, the information
contained herein relating to Willowbridge Strategic Trust is accurate and
complete.
PRUDENTIAL SECURITIES FUTURES
MANAGEMENT INC.
by: Barbara J. Brooks
Treasurer