EXHIBIT 8.01

                                                       
                                             
                                    [LETTERHEAD]

                                  September 23, 1997

CIS Investments, Inc.
Managing Owner of
JWH Global Trust
233 South Wacker Drive - Suite 2300
Chicago, Illinois 60606

          Re:  Registration Statement on Form S-1
               -----------------------------------

Dear Sir or Madam:

          We refer to Amendment No. 1 to the Registration Statement on Form 
S-1 (Reg. No. 333-33937), filed by JWH Global Trust (the "Trust") with the 
Securities and Exchange Commission under the Securities Act of 1933, as 
amended, on or about September 23, 1997 (the "Registration Statement").

          We have reviewed such data, documents, questions of law and fact 
and other matters as we have deemed pertinent for the purpose of this 
opinion. Based upon the foregoing, we hereby confirm our opinions expressed 
under the caption "Federal Income Tax Aspects" in the Prospectus (the 
"Prospectus") constituting a part of the Registration Statement that: (i) the 
Trust will be classified as a partnership for federal income tax purposes; 
(ii) each Unitholder will be required to report on his tax return his 
allocable share of the Trust's income, gains, losses, and deductions; (iii) 
based upon the contemplated trading activities of the Trust, the Trust should 
be treated as engaged in the conduct of a trade or business for federal 
income tax purposes, and, as a result, the ordinary and necessary business 
expenses incurred by the Trust in conducting its commodity futures trading 
business should not be subject to limitation under section 67 of the Internal 
Revenue Code of 1986, as amended (the "Code") or under section 68 of the 
Code; and (iv) based on the contemplated trading activities of the Trust, the 
income earned by the Trust will not constitute "unrelated business taxable 
income" under section 511 of the Code to employee benefit plans and other 
tax-exempt entities which purchase Units; provided that such Units purchased 
by such plans and entities are not "debt-financed" within the meaning of 
section 514 of the Code and provided further that the assets acquired by the 
Trust are not "debt financed."

          We also advise you that in our opinion the description set forth 
under the caption "Federal Income Tax Aspects" in the Prospectus correctly 
describes (subject to the uncertainties referred to therein) the material 
aspects of the federal income tax treatment to United States individual 
investors, as of the date hereof, of an investment in the Trust.

          We hereby consent to the filing of this opinion as an Exhibit to 
the Registration Statement and to the inclusion in the Prospectus of our 
opinion set forth under the caption "Federal Income Tax Aspects."

                              Very truly yours,


                              SIDLEY & AUSTIN