WORLD MONITOR TRUST--
    SERIES A
    MONTHLY REPORT/
    JANUARY 29, 1999


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

Enclosed is the report for the period from December 26, 1998 to January 29, 1999
for World Monitor Trust--Series A (the 'Trust'). The net asset value of an
interest as of January 29, 1999 was $96.95, a decrease of 1.55% from the
December 25, 1998 value of $98.48. The 1999 calendar year-to-date return for the
Trust was a decrease of 1.38%.

The estimated net asset value per interest as of February 11, 1999 was $96.57.
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 1-800-535-2077.


          Sincerely yours,

          /s/ Thomas M. Lane, Jr.
          -----------------------
          Thomas M. Lane, Jr.
          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 December 26, 1998 to
  January 29, 1999
Revenues:
Realized loss on commodity
  transactions..........................   $(182,681)
Change in unrealized commodity
  positions.............................      54,714
Interest income.........................      58,190
                                           ---------
                                             (69,777)
                                           ---------
Expenses:
Commissions.............................      82,710
Management fee..........................      21,315
                                           ---------
                                             104,025
                                           ---------
Net loss................................   $(173,802)
                                           ---------
                                           ---------



STATEMENT OF CHANGES IN NET ASSET VALUE
- ------------------------------------------------------
For the period from December 26, 1998 to
  January 29, 1999
 

                                                Per
                                   Total      Interest
                                -----------   --------
                                        
Net asset value at beginning
  of period (109,608.978
  interests)..................  $10,794,273    $98.48
Additional contributions......      929,500
Net loss......................     (173,802)
Redemptions...................       (9,320)
                                -----------
Net asset value at end of
  period (119,042.736
  interests)..................  $11,540,651     96.95
                                -----------   --------
                                -----------
Change in net asset
  value per interest.......................    $(1.53)
                                              --------
                                              --------
Percentage change..........................     (1.55)%
                                              --------
                                              --------

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

                         PRUDENTIAL SECURITIES FUTURES
                                MANAGEMENT INC.


                             by: /s/ Barbara J. Brooks
                                 ---------------------
                                 Barbara J. Brooks
                                 Chief Financial Officer