WORLD MONITOR TRUST-- SERIES A MONTHLY REPORT/ MAY 28, 1999 WORLD MONITOR TRUST--SERIES A - -------------------------------------------------------------------------------- Dear Interest Holder: Enclosed is the report for the period from May 1, 1999 to May 28, 1999 for World Monitor Trust--Series A (the 'Trust'). The net asset value of an interest as of May 28, 1999 was $100.01, a decrease of 4.39% from the April 30, 1999 value of $104.60. The 1999 calendar year-to-date return for the Trust was an increase of 1.73%. The estimated net asset value per interest as of June 10, 1999 was $98.30. 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/ Joseph A. Filicetti Joseph A. Filicetti 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 May 1, 1999 to May 28, 1999 Revenues: Realized gain on commodity transactions........................ $ 317,802 Change in unrealized commodity positions........................... (1,018,788) Interest income....................... 57,919 ----------- (643,067) ----------- Expenses: Commissions........................... 94,427 Management fee........................ 24,333 Incentive fee......................... (47,911) ----------- 70,849 ----------- Net loss.............................. $ (713,916) ----------- ----------- STATEMENT OF CHANGES IN NET ASSET VALUE - ------------------------------------------------------ For the period from May 1, 1999 to May 28, 1999 Per Total Interest ----------- -------- Net asset value at beginning of period (151,873.679 interests).................. $15,885,541 $ 104.60 Additional contributions...... 616,200 Net loss...................... (713,916) Redemptions................... (64,311) ----------- Net asset value at end of period (157,216.645 interests).................. $15,723,514 100.01 ----------- ----------- -------- Change in net asset value per interest....................... $ (4.59) -------- -------- Percentage change.......................... (4.39)% -------- -------- - ------------------------------------------------------ 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. /s/ Barbara J. Brooks by: Barbara J. Brooks Chief Financial Officer