SECURITIES AND EXCHANGE COMMISSION

                           Washington, D.C. 20549

                                  FORM 10-Q

                Quarterly report pursuant to Section 13 or 15
                 (d) of the Securities Exchange Act of 1934

                For the quarterly period ended June 30, 2002


                      Commission File Number 333-33937


                              JWH GLOBAL TRUST
           (Exact name of registrant as specified in its charter)


               Delaware                             36-4113382
              (State or other jurisdiction of (I.R.S. Employer
              incorporation or organization)  Identification #)


              233 South Wacker Dr., Suite 2300, Chicago, IL 60606
             (Address of principal executive offices)   (Zip Code)


     Registrant's telephone number, including area code: (312) 460-4000


Not Applicable
(Former  name,  former  address and former fiscal year, if changed since last
report.)

Indicate  by check mark  whether  the  registrant  (1) has filed all  reports
required to be filed by Section 13 or 15(d) of the   Securities      Exchange
Act of 1934 during the  preceding 12 months or for such  shorter  period that
the registrant  was required to file such reports),  and (2) has been subject
to   such   filing    requirements    for   the   past   90   days.   Yes   X
No




Part I.  Financial Information

Item 1.  Financial Statements


Following are Financial Statements for the fiscal quarter ended June 30, 2002
and the additional time frames as noted:


                                           Fiscal Quarter  Year to Date   Fiscal Year     Fiscal Quarter  Year to Date
                                           Ended 6/30/02   Ended 6/30/02  Ended 12/31/01  Ended 6/30/01   Ended 6/30/01


Statement of Financial Condition                 X                               X

Statement of Operations                          X               X                              X               X

Statement of Changes in Partners' Capital                        X

Notes to Financial Statements                    X




                             JWH GLOBAL TRUST
                    STATEMENTS OF FINANCIAL CONDITION
                                UNAUDITED

                                                                 Jun 30, 2002       Dec 31, 2001

ASSETS
  Equity in commodity trading accounts:
    Cash on deposit with Brokers                                  47,987,287         46,976,650
    Unrealized gain (loss) on open contracts                       8,671,136          2,557,319

                                                                  56,658,423         49,533,969

  Receivable for units sold                                          157,334            618,077
  Interest receivable                                                 63,260             70,569
  Prepaid initial organization and offering costs                          0             55,072
                                                                                           --             ------

Total Assets                                                      56,879,017         50,277,687

LIABILITIES AND PARTNERS' CAPITAL
Liabilities:
  Accrued commissions on open contracts due to                       305,237            265,856
   CIS
  Accrued management fees                                             94,440             82,703
  Accrued incentive fees                                           1,015,646                  0
  Accrued operating expenses                                          53,554             60,000
  Accrued offering expenses                                           23,022             20,526
  Redemptions payable                                              1,298,421            313,509

Total liabilities                                                  2,790,320            742,594

Unitholders' capital:
  Beneficial owners ( 416,288.40 and 438,008.69
Units outstanding at June 30, 2002 and
    December 31, 2001, respectively)                              53,351,210         48,892,753
  Managing owner (5,754.50 units outstanding at
    June 30, 2002 and December 31, 2001)                             737,487            642,340

Total unitholders' capital                                        54,088,697         49,535,093

Total liabilities and unitholders' capital                      $ 56,879,017       $ 50,277,687

Net Asset Value per Unit                                             $128.16            $111.63

See accompanying notes to financial statements.




                                        JWH GLOBAL TRUST
                                    STATEMENTS OF OPERATIONS
                                            UNAUDITED

                                                       Apr 1, 2002      Jan 1, 2002       Apr 1, 2001       Jan 1, 2001
                                                         through           through           through           through
                                                       Jun 30, 2002     Jun 30, 2002      Jun 30, 2001      Jun 30, 2001
                                                            ------------     ------------       ------------      ------------


REVENUES

  Gain (loss) on trading of commodity
   contracts:
    Realized gain (loss) on closed                      $6,570,195       $3,703,411       ($1,024,650)       $9,943,752
     positions
    Change in unrealized gain (loss)                     8,559,096        6,113,815        (2,501,982)       (7,052,703)
     on open positions
  Interest Income                                          185,567          378,951           445,804         1,009,693
  Foreign currency transaction gain                        105,271           74,893             1,450           114,005

Total revenues (losses)                                 15,420,129       10,271,071        (3,079,378)        4,014,747

EXPENSES

  Commission paid to CIS                                  $790,050       $1,535,447          $805,021        $1,633,633
  Exchange, clearing and NFA fees                            3,928            8,913             7,521            13,937
  Management fees                                          244,712          475,938           250,433           507,797
  Incentive fees                                         1,015,646        1,015,646                 0           990,171
  Amortization of prepaid initial                           22,029           55,072            33,043            66,086
   organization and offering costs
  Ongoing organization and offering expenses                60,320          117,704            62,154           125,610
  Operating expenses                                        15,000           29,882            15,000            30,000

Total expenses                                           2,151,685        3,238,602         1,173,172         3,367,234

Net profit (loss)                                      $13,268,444       $7,032,469       ($4,252,550)         $647,513

Profit (loss) per unit of beneficial ownership interest     $30.64           $16.53           ($10.11)            $1.57
Profit (loss) per unit of managing ownership interest       $30.64           $16.53           ($10.11)            $1.57

See accompanying notes to financial statements.



                                                         JWH GLOBAL TRUST
                                           STATEMENT OF CHANGES IN UNITHOLDERS' CAPITAL
                                            From January 1, 2002 through June 30, 2002
                                                             UNAUDITED

                                                                    Beneficial     Managing
                                                     Units*             Owners        Owner            Total


Unitholders' capital at January 1, 2002         438,008.69        $48,892,753      $642,340     $49,535,093

Net profit (loss)                                                   6,937,321        95,147       7,032,469

Unitholders' contributions                       24,980.72          2,580,588             0       2,580,588

Unitholders' redemptions                        (46,701.01)        (5,059,454)            0      (5,059,454)

Unitholders' capital at June 30, 2002           416,288.40        $53,351,210      $737,487     $54,088,697


Net asset value per unit January 1, 2002                               111.63        111.63

Net profit (loss) per unit                                              16.53         16.53

Net asset value per unit June 30, 2002                                $128.16       $128.16

* Units of Beneficial Ownership.

See accompanying notes to financial statements.






                              JWH GLOBAL TRUST
                        NOTES TO FINANCIAL STATEMENTS
                                June 30, 2002




(1) General Information and Summary

JWH Global  Trust  (the  Trust),  a  Delaware  business  trust  organized  on
November  12,  1996,  was  formed  to engage in the  speculative  trading  of
futures  contracts on currencies,  interest  rates,  energy and  agricultural
products,   metals  and  stock  indices,   spot  and  forward   contracts  on
currencies and precious metals,  and exchanges for physicals  pursuant to the
trading  instructions of independent trading advisors.  The Managing Owner of
the Trust is CIS  Investments,  Inc.  (CISI).  The clearing broker is Cargill
Investor  Services,  Inc.  (Clearing  Broker or CIS),  the parent  company of
CISI.  The broker for  forward  contracts  is CIS  Financial  Services,  Inc.
(CISFS or Forward  Currency  Broker),  an  affiliate  of CISI.  The  Clearing
Broker and the Forwards  Currency Broker will  collectively be referred to as
the Brokers.

Units of  beneficial  ownership  of the Trust  commenced  selling on April 3,
1997 and  trading  began on June 2, 1997.  The  initial  amount  offered  for
investment was $50,000,000.  On  September 26,  1997, the Trust registered an
additional  $155,000,000  for further  investment and continued the offering.
By June 30, 2002, a total of  1,229,134.02  units  representing an investment
for  $130,061,192  of  beneficial  ownership  interest  had been  sold in the
combined  offerings.  In addition,  during the offerings,  the Managing Owner
purchased a total of  8,602.73  units,  representing  a total  investment  of
$885,058.  See the JWH Global  Trust  prospectus  for further  details of the
offering.

The Trust will be terminated on  December 31,  2026, if none of the following
occur prior to that date:  (1)  beneficial  owners  holding  more than 50% of
the  outstanding  units notify the Managing Owner to dissolve the Trust as of
a specific  date;  (2)  disassociation  of the Managing Owner with the Trust;
(3)  bankruptcy of the Trust;  (4) a decrease in the net asset value (NAV) to
less than  $2,500,000;  (5) a decline in the NAV per unit to $50 or less; (6)
dissolution  of the Trust;  or (7) any event that would make it unlawful  for
the  existence  of the Trust to be continued  or require  dissolution  of the
Trust.


(2) Summary of Significant Accounting Policies

The  accounting  and  reporting  policies of the Trust  conform to accounting
principles  generally  accepted  in  the  United  States  of  America  and to
general   practices  in  the  commodities   industry.   The  following  is  a
description  of the  more  significant  of  those  policies  that  the  Trust
follows in preparing its financial statements.


Revenue Recognition

Commodity futures contracts,  forward contracts,  physical  commodities,  and
related  options are recorded on the trade date.  All such  transactions  are
recorded  on  the   identified   cost  basis  and  marked  to  market  daily.
Unrealized  gains and losses on open  contracts  reflected in the  statements
of financial  condition  represent the difference  between original  contract
amount and market  value (as  determined  by exchange  settlement  prices for
futures   contracts  and  related   options  and  cash  dealer  prices  at  a
predetermined time for forward  contracts,  physical  commodities,  and their
related  options) as of the last  business  day of the year or as of the last
date of the financial statements.

The Trust  earns  interest on its assets on deposit at the Brokers at 100% of
the 91-day Treasury bill rate for deposits  denominated in U.S. dollars,  and
at the  rates  agreed  between  the  Trust  and CIS and  CISFS  for  deposits
denominated in other currencies.


Redemptions

A  beneficial  owner may cause any or all of his or her units to be  redeemed
by the Trust  effective  as of the last trading day of any month of the Trust
based  on the NAV per  unit on five  days'  written  notice  to the  Managing
Owner.  Payment will be made within ten business days of the  effective  date
of the  redemption.  Any  redemption  made  during  the  first 11  months  of
investment  is subject to a 3% redemption  penalty.  Any  redemption  made in
the 12th month of  investment  or later  will not be subject to any  penalty.
The  Trust's  Amended  and  Restated   Declaration  and  Agreement  of  Trust
contains a full description of redemption and distribution policies.


Organizational and Offering Costs

Initial  organizational  and offering  costs  advanced to the Trust are being
amortized  over the first 60 months of the Trust's  operations,  subject to a
maximum  monthly  payment of 1/60 of 2% of the month-end net assets.  Ongoing
offering  costs,  subject  to a  ceiling  of  0.5%  of  the  Trust's  average
month-end net assets, are paid by the Trust and expensed as incurred.


Commissions

Commodity   brokerage   commissions   are  typically   paid  for  each  trade
transacted   and  are  referred  to  as   "round-turn   commissions."   These
commissions  cover both the  initial  purchase  (or sale) and the  subsequent
offsetting  sale (or  purchase) of a commodity  futures  contract.  The Trust
does not pay  commodity  brokerage  commissions  on a  per-trade  basis,  but
rather pays monthly  flat-rate  Brokerage Fees at the annual rate of 6.5% (or
a monthly  rate of  approximately  0.542%) of the Trust's  average  month-end
assets after  reduction of the management  fee. CIS receives these  brokerage
fees  irrespective  of the number of trades  executed on the Trust's  behalf.
The amount paid to CIS is reduced by exchange fees paid by the Trust.

Certain large  investors  are eligible for a "Special  Brokerage Fee Rate" of
5% per year. As of June 30, 2002,  there were no such  eligible  investors in
the Trust.


Foreign Currency Transactions

Trading  accounts in foreign currency  denominations  are susceptible to both
movements  in the  underlying  contract  markets  as well as  fluctuation  in
currency  rates.  Translation  of foreign  currencies  into U.S.  dollars for
closed  positions are  translated  at an average  exchange rate for the year,
while year-end  balances are translated at the year-end  currency rates.  The
impact of the translation is reflected in the statements of operations.


Use of Estimates

The  preparation  of  financial  statements  in  conformity  with  accounting
principles   generally  accepted  in  the  United  States  of  America  which
requires  management  to make  estimates  and  assumptions  that  affect  the
reported  amounts of assets and  liabilities  and  disclosure  of  contingent
assets  and  liabilities  at the  date of the  financial  statements  and the
reported  amounts of  revenues  and  expenses  during the  reporting  period.
Actual results could differ from those estimates.

(3) Fees

Management  fees are accrued  and paid  monthly,  incentive  fees are accrued
monthly  and  paid  quarterly.  Trading  decisions  for the  period  of these
financial  statements  were  made by  John W.  Henry &  Company,  Inc.  (JWH)
utilizing three of its trading programs,  the JWH  GlobalAnalytics  Family of
Programs,   the  Financial  and  Metals  Portfolio,   and  the  G-7  Currency
Portfolio.

Under  signed  agreement,  prior to October 1, 2000,  JWH  received a monthly
management  fee of 1/12  of 4% of the  Trust's  month-end  net  assets  after
deduction  of a portion of the  Brokerage  Fee at an annual  rate of 1.25% of
month-end  Trust  assets  but  before   deduction  of  any  management  fees,
redemptions,  distributions,  or  incentive  fee accrued or payable as of the
relevant  month end.  Effective  October 1, 2000,  the agreement with JWH was
changed to reduce the monthly  management  fee to 1/12 of 2% of the month-end
net assets after the deductions.

Also,  under signed  agreement,  prior to October 1, 2000,  the Trust paid to
JWH a  quarterly  incentive  fee equal to 15% of the new  trading  profits of
the Trust.  The  incentive  fee is based on the  overall  performance  of the
Trust,  not  individually  in respect of the  performance  of the  individual
programs  utilized by the Trust.  This fee is also  calculated by deducting a
portion of the Brokerage Fees at an annual rate of 1.25%.  Effective  October
1, 2000,  the  agreement  with JWH was changed to increase the  incentive fee
to 20% of the new trading profits.


(4) Income Taxes

No  provision  for  Federal  income  taxes has been made in the  accompanying
financial  statements as each  beneficial  owner is responsible for reporting
income  (loss)  based on the pro rata  share of the  profits or losses of the
Trust.  Generally,  for both Federal and state tax purposes,  trusts, such as
the JWH Global Trust, are treated as  partnerships.  The Trust is responsible
for the Illinois State  Partnership  Information and Replacement Tax based on
the  operating  results  of the  Trust.  Such  tax  amounted  to $0  for  the
quarters  ended  June  30,  2002  and  June  30,  2001,  and is  included  in
operating expenses in the statement of operations.


(5) Financial Instruments with Off-balance Sheet Risk

The  Trust  was  formed  to  speculatively  trade  commodity  interests.  The
Trust's commodity  interest  transactions and its related cash balance are on
deposit  with the  Brokers at all  times.  In the event  that  volatility  of
trading  of  other  customers  of the  Brokers  impairs  the  ability  of the
Brokers to satisfy the  obligations to the Trust,  the Trust would be exposed
to  off-balance  sheet risk.  Such risk is defined in  Statement of Financial
Accounting  Standards  No. 105  (SFAS 105) as a credit risk. To mitigate this
risk,  the  Clearing  Broker,  pursuant  to the  mandates  of  the  Commodity
Exchange Act, is required to maintain funds  deposited by customers  relating
to futures  contracts  in regulated  commodities  in separate  bank  accounts
which are  designated as segregated  customers'  accounts.  In addition,  the
Clearing  Broker has set aside  funds  deposited  by  customers  relating  to
foreign  futures and options in separate bank  accounts  that are  designated
as  customer-secured  accounts.  Lastly,  the Clearing  Broker is required to
maintain a minimum  net  capital at least  equal to 4% of the funds  required
to be segregated  pursuant to the Commodity  Exchange Act, subject to certain
adjustments   permitted  by  such  Act.  The  Clearing  Broker  and  Forwards
Currency  Broker  both  have  controls  in  place  to make  certain  that all
customers  maintain  adequate margin deposits for the positions in which they
maintain at each Broker.  Such  procedures  should protect the Trust from the
off-balance  sheet risk as mentioned  earlier.  Neither the  Clearing  Broker
nor the  Forwards  Currency  Broker  engage in  proprietary  trading and thus
neither has any direct market exposure.

The  contractual  amounts  of these  instruments  reflect  the  extent of the
Trusts'  involvement  in the related  futures and forwards  contracts  and do
not reflect the risk of loss due to  counterparty  performance.  Such risk is
defined  by  SFAS 105  as  credit  risk.  The  counterparty  of the Trust for
futures  contracts  traded in the United States and most  non-U.S.  exchanges
on  which  the  Trust  trades  is the  clearing  house  associated  with  the
exchange.  In general,  clearing  houses are backed by their  membership  and
will act in the event of  nonperformance  by one of their  members  or one of
the members'  customers and as such should  significantly  reduce this credit
risk.  In cases where the Trust  trades on  exchanges  on which the  clearing
house is not backed by the  membership,  the sole  recourse  of the Trust for
nonperformance  will be the clearing house.  The Forwards  Currency Broker is
the  counterparty  for  the  Trust's  forward  transactions.  CISFS  policies
require  that  it  executes   transactions  only  with  top  rated  financial
institutions with assets in excess of $100,000,000.

The average  fair value of commodity  interests  was  $3,339,021.85  from the
period  of  January 1 to June 30 of 2002.  The net  gains or  losses  arising
from the trading of commodity  interests  are  presented in the  statement of
operations.

The Trust holds futures positions on various  exchanges  throughout the world
and  forward  positions  with CISFS that  transacts  with  various  top rated
banks  throughout  the world.  As defined by  SFAS 105,  futures  and forward
currency  contracts  are  classified  as  financial  instruments.   SFAS  105
requires  that the Trust  disclose  the  market  risk of loss from all of its
financial  instruments.  Market  risk  is  defined  as the  possibility  that
future  changes  in  market  prices  may  make a  financial  instrument  less
valuable  or more  onerous.  If the markets  should  move  against all of the
futures  and  forward  positions  of the  Trust at the same time  (both  long
positions  and short  positions),  and if the markets moved such that JWH was
unable to offset  the  positions  of the Trust,  the Trust  could lose all of
its assets and the  beneficial  owners would  realize a 100% loss.  The Trust
utilizes  three of the trading  programs of the JWH.  One trading  program is
diversified  among all  commodity  groups,  while  the  other is  diversified
among the various futures  contracts and forwards  contracts in the financial
and metals group.  The third  trading  program is  diversified  among various
foreign currency forward contracts,  including cross currency contracts.  The
programs  trade in the U.S.  and  outside  of the U.S.  Such  diversification
should greatly reduce this market risk.

At June 30, 2002,  the cash  requirement  of the  commodity  interests of the
Trust was  $8,033,068.59.  This cash  requirement  was met by  $30,703,055.33
held  in  segregated   funds,   $6,761,683.99   held  in  secured  funds  and
$19,193,324  held in  nonregulated  funds.  At June  30,  2002,  cash  was on
deposit with the Brokers that exceeded the cash requirement amount.


(6) FINANCIAL STATEMENT PREPARATION

The interim  financial  statements are unaudited but reflect all  adjustments
that are, in the opinion of  management,  necessary  for a fair  statement of
the results for the interim  periods  presented.  These  adjustments  consist
primarily of normal recurring  accruals.  These interim financial  statements
should be read in conjunction  with the audited  financial  statements of the
Trust for the year ended  December  31,  2001,  as filed with the  Securities
and Exchange  Commission  on March 29, 2002,  as part of its Annual Report on
Form 10-K.

The  results  of  operations   for  interim   periods  are  not   necessarily
indicative of the operating results to be expected for the fiscal year.


(7) Financial Highlights

The following  financial  highlights show the Trust's  financial  performance
for the  period  ended  June 30,  2002.  Total  return is  calculated  as the
change  in a  theoretical  beneficial  owner's  investment  over  the  entire
period.  Total  return is  calculated  based on the  aggregate  return of the
Trust taken as a whole.


       Total return                         14.81%

       Ratio to average net assets:
           Net loss                         15.15%

           Expenses:
             Expenses                        4.79
             Incentive fees                  2.19

                     Total expenses          6.98%

The net investment  income and operating  expenses  ratios are computed based
upon the  weighted  average  net assets  for the Trust for the  period  ended
June 30, 2002.



                                                   JWH GLOBAL TRUST
                                               Schedule of Investments
                                                    June 30, 2002

                                         Number of            Principal          Value (OTE)
                                         Contracts           (notional)                    
Long positions
Futures positions (3.45%)
Agriculture                                   352         $  5,610,416              276,617
Energy                                         48            1,254,960                5,240
Interest rates                              2,173          318,636,178            1,726,388
Metals                                        385           12,543,890            (144,540)
Indices                                         0                    0                    0
                                                           338,045,444            1,863,705
Forward positions (18.81%)
Currencies                                                   6,379,765              (48,125)
Australian Dollar                                            3,581,622              (27,018)
Australian Dollar                                               55,963                  118
Australian Dollar                                           14,451,240              705,083
Swiss Franc                                                  6,124,428              272,744
European Euro                                                8,100,049              360,725
European Euro                                               21,114,458              940,305
European Euro                                               23,418,730              875,136
British Pound                                                4,371,496              105,499
British Pound                                                  492,365                 (675)
British Pound                                               16,163,831              592,295
Japanese Yen                                                 4,382,066              173,927
Japanese Yen                                                    45,208                1,564
Japanese Yen                                                 4,597,437                4,945
Japanese Yen                                                   296,289                  465
Japanese Yen                                                   162,611                 (199)
Japanese Yen                                                   491,247               (1,793)
Canadian Dollar                                              9,667,964              471,704
Swiss Franc                                                  9,186,641              409,116
European Euro                                               29,733,108            1,324,127
European Euro                                               13,137,885              585,079
European Euro                                               14,619,601              651,065
European Euro                                               15,353,548              573,748
British Pound                                                6,701,945              161,741
British Pound                                                1,674,039               (2,297)
British Pound                                               18,210,130              667,278
Japanese Yen                                                 6,718,150              266,648
Japanese Yen                                                    69,309                2,397
Japanese Yen                                                   888,868                1,396
Japanese Yen                                                 5,746,692              280,384
Swiss Franc                                                  1,014,122                2,918
Swiss Franc                                                  4,939,055              219,955
European Euro                                                  987,811                1,731
European Euro                                                5,331,093              199,218
British Pound                                                  761,585                  275
British Pound                                               10,915,834              399,991
Japanese Yen                                                 1,259,520                3,101
Japanese Yen                                               271,145,705           10,174,571

     Total long positions                                $ 609,191,149           12,038,276

Short positions
Futures positions (-0.11%)
Agriculture                                   112        $     767,763                1,830
Energy                                         24              504,000              (29,400)
Interest rates                                  0                    0                    0
Metals                                        245            8,573,819             (131,840)
Indices                                       213           12,346,078               99,118
                                                            22,191,660              (60,292)
Forward positions (-6.11%)
Currencies                                                   4,588,954                3,538
Australian Dollar                                              335,777                 (707)
Australian Dollar                                              929,612               (2,675)
Swiss Franc                                                    493,905                 (865)
European Euro                                                  296,343                 (519)
European Euro                                                1,234,764               (2,164)
European Euro                                                8,031,687             (292,364)
British Pound                                                4,371,496             (163,359)
British Pound                                                1,523,169                 (549)
British Pound                                                3,750,855             (142,216)
Japanese Yen                                                 6,082,263             (230,580)
Japanese Yen                                                 4,427,274             (161,277)
Japanese Yen                                                 1,049,599               (2,584)
Japanese Yen                                                    56,114                 (269)
Japanese Yen                                                 8,955,426             (177,903)
Canadian Dollar                                                540,865               (1,556)
Swiss Franc                                                  1,679,279               (2,943)
European Euro                                                  889,030               (1,558)
European Euro                                                  691,468               (1,212)
European Euro                                                  493,905                 (865)
European Euro                                               29,482,170           (1,073,190)
British Pound                                                6,701,946             (250,445)
British Pound                                                  883,438                 (319)
British Pound                                               14,518,951             (550,416)
Japanese Yen                                                 6,787,459             (247,254)
Japanese Yen                                                 1,054,638               (2,597)
Japanese Yen                                               109,850,387           (3,306,848)

     Total short positions                               $ 132,042,047           (3,367,140)

Total open contracts (16.03%)                                                  $  8,671,136
Cash on deposit with brokers (88.72%)                                            47,987,287
Other assets in excess of liabilities (-4.75%)                                   (2,569,726)
Net assets (100%)                                                              $ 54,088,697




Item 2.  Management's  Discussion  and  Analysis of Financial  Condition  and
Results of Operation

Fiscal Quarter Ended June 30, 2002

The  Trust  posted a gain of  $13,268,444  or $30.64  per unit in the  second
quarter  of  2002.  As of June 30,  2002 the  Trust  has  made  28.16%  since
inception.

The Trust was up  substantially  in the quarter.  On June 30,  2002,  the JWH
was  managing  100% of the Trust's  assets.  Approximately  30% of the assets
were  allocated  to each of the JWH  GlobalAnalytics(R)Family of Programs and
the G-7  Currency  Portfolio.  Approximately  40% of the Trust's  assets were
allocated to JWH's Financial and Metals Portfolio.

The  Trust  began the  quarter  with  slightly  lower  performance  in April.
Weakness in the U.S dollar  provided  strong results in the currency  sector.
Profits  were  accrued in short Dollar  positions  against the Japanese  yen,
Swiss franc,  British  pound and Euro.  The long Dollar,  short Euro position
was the  Trust's  most  profitable  position  in  April.  Performance  in the
interest rate sector was very  disappointing.  Short  positions in Dollar and
Euro  denominated  bond  markets  were closed out as losses.  Our  profitable
long  position in the  Japanese  government  bond  market  offset most of the
other losses  incurred by interest rate  trading.  Turmoil in the Middle East
lifted the energy market  higher,  providing  small gains.  The metals sector
was  slightly  lower as gains in gold  could not  offset  losses  in  copper,
silver and  aluminum.  Overall,  the Trust  recorded a small loss of $129,119
or $0.29 per unit in April.

The  currency  sector paved the way for strong  performance  in May. The U.S.
dollar  continued to weaken against most major  currencies;  most notably the
Euro,  the  Japanese  yen and the  Swiss  franc,  providing  strong  profits.
Trends in the  currency  markets  were  aided by the U.S.  Treasury's  "stand
aside"  approach  on the  dollar  policy  and  the  Bank  of  Japan's  failed
intervention  attempts.  The  Australian  dollar  continued  to  rise  as the
currency  linked  to  physical  commodities,  due to  expectations  of higher
global  inflation.  The Trust's long Euro versus short  Japanese yen position
was also profitable.  The stock index sector  registered  modest gains during
May,  primarily  due to the German  DAX.  The  steepening  U.S.  yield  curve
allowed  long  positions  in the two,  five  and  ten-year  bonds  to  accrue
profits.  However,  performance  in the 30-year bond  contract was  negative.
The Japanese  government  bond  provided  the largest  profit in the interest
rate  sector  as  it  continued  to  climb.   Losses  were  absorbed  in  the
Australian  and European  interest rate  markets.  The metals sector was also
positive  for the month.  Profits  in long gold  positions  more than  offset
losses in industrial  and base metals.  All in all, the Trust recorded a gain
of $3,756,934 or $8.56 per unit in May.

The JWH Global Trust  followed  May's gain with an extremely  positive  June.
The  economic  drivers  that  fueled  the  strong   performance   included  a
confluence  of  events  influencing  the  currency  sector,   which  was  the
strongest  performing  sector  due to the recent  weakness  of the Dollar for
the  year-to-date.  The Euro has now gained  approximately  15% on the Dollar
for  the  year-to-date.   Investors  selling  U.S.  stocks  due  to  fear  of
additional  accounting  abnormalities  puts pressure on stocks as well as the
Dollar.  Much of the  proceeds  of  these  sales  appear  to be  moving  into
non-Dollar  investments  along with  global  bonds and gold.  The global bond
market  rallied  as a result of money  coming  from sales of  equities.  This
"flight to  quality"  helped the  Trust's  long  positions  in the  European,
Japanese and U.S.  bond markets to  appreciate  throughout  the month.  Short
positions  in  the  world's  stock  markets  via  stock  index  futures  were
positive  contributors  in June.  Corn and  soybeans  prices  gained over 15%
since  lows  were  made  in May.  For  June,  the  Trust  recorded  a gain of
$9,640,629 or $22.37 per unit.

During the quarter there were 7,842.88  units sold to the  beneficial  owners
for an  investment  of  $834,593.  Beneficial  Owners  redeemed  a  total  of
28,505.53  units during the quarter.  The Managing  Owner redeemed a total of
0 units during the quarter.  At the end of the quarter there were  416,288.40
units   outstanding  owned  by  the  beneficial  owners  and  5,754.50  units
outstanding owned by the Managing Owner.

During the fiscal  quarter  ending June 30,  2002,  the Trust had no material
credit exposure to a counter-party  which is a foreign commodity  exchange or
to any counter parties dealing in over the counter contracts.


Fiscal Quarter Ended June 30, 2001

The Trust  recorded  a loss of  $4,252,550  or $10.11  per unit in the second
quarter of 2001. As of June 30, the Trust had gained 16.16% since inception.

On  June  30,  2001,  the  JWH  was  managing  100%  of the  Trust's  assets.
Approximately   30%  of  the  assets   were   allocated   to  each  of  JWH's
GlobalAnalytics    Family   of   Programs   and   G-7   Currency   Portfolio.
Approximately  40% of the Trust's  assets were  allocated to JWH's  Financial
and Metals Portfolio.

In  April,  the  Trust  suffered  losses as the  economy  and the U.S.  stock
market  demonstrated signs of rebounding.  An unexpected discount rate cut in
the U.S.,  coupled  with a lack of an  interest  rate cut in  Europe,  caused
trend  reversals  in both  Euro and U.S.  dollar  denominated  bond  markets.
These  reversals were negative for the Trust.  Long positions in the Japanese
bond market,  which had been maintained for several  months,  were closed out
after  similar  price  behavior.  Trading in  British,  Swiss and  Australian
interest rates was also slightly  negative.  The currency sector  experienced
losses in April.  The biggest loss came in the Yen,  which was up against the
U.S.  dollar  for the  first  month  since  August.  The  U.S.  dollar  fared
slightly  better  against the Euro,  Swiss franc and the British  pound,  but
lost ground to each for the month.  Gold rallied  slightly off its low, which
reduced  open  trade  profits  and led to a small  loss in the metal  sector.
Petroleum  prices  continued  trading in a volatile,  sideways  manner  which
accounted for a small loss in energy.  Overall,  the Trust recorded a loss of
$3,683,039 or $8.79 per unit in April.

In May,  short  positions  in the Euro proved to be very  profitable  for the
Trust.  The Euro  continued to erode in value  against the U.S.  dollar as EU
members  reconsidered  the  need  for  a  common  currency.  Trading  in  the
interest rate sector was  challenging.  Despite rate cuts by both the Fed and
the European  Central  Bank,  many interest rate markets moved in a trendless
manner  which  resulted in losses.  Energy  markets were  indecisive  in May.
Gains in short  natural gas  positions  were the most  profitable  while long
crude  oil  positions  incurred  losses.  As had been  the  case for  several
months,  the Trust had very small  positions in metal and  commodity  markets
due to a lack of price  trends.  The Trust  recorded a gain of  $1,551,800 or
$3.70 per unit in May.

In June,  the Trust  suffered  losses in interest  rate and currency  trading
primarily due to the  uncertainty  in the global  economy.  The interest rate
sector  experienced  negative  performance  largely  due  to  the  volatility
associated  with the U.S.  Federal  Reserve's  rate  cut.  Markets  failed to
follow  through  after the cut,  which led to losses in all U.S.  dollar  and
Euro  denominated  interest  rate trading.  Australian  interest rate trading
was negative as well.  The only bright spot in the interest  rate sector came
from the long  positions in Japanese  government  bonds.  The  re-election of
U.K.  Prime  Minister Tony Blair added to an already  confusing  situation in
the  currency  sector.  The Euro and  British  pound  closed the month  about
unchanged  against the Dollar.  However,  the intra-month  volatility in each
of these markets  triggered  stop-loss  selling.  The Trust's long  Yen/short
Euro position,  which had been  profitable in May, was closed due to weakness
in the Yen.  Losses in crude oil and gasoline  trading more then offset gains
made in  short  positions  in  natural  gas.  The  Trust  recorded  a loss of
$2,121,311 or $5.02 per unit in June.

During the quarter there were 23,428.07  units sold to the beneficial  owners
for an  investment  of  $2,774,455.  Investors  redeemed a total of 14,501.65
units during the  quarter.  At the end of the quarter  there were  422,256.08
units   outstanding  owned  by  the  beneficial  owners  and  5,754.50  units
outstanding owned by the Managing Owner.

During the fiscal  quarter  ending June 30,  2001,  the Trust had no material
credit exposure to a counter-party  which is a foreign commodity  exchange or
to any counter parties dealing in over the counter contracts.


Fiscal Quarter Ended March 31, 2002

The  Trust  recorded  a loss of  6,235,975  or  $14.11  per unit in the first
quarter  of  2002.  As of March  31,  the  Trust  has lost  2.48%  since  its
inception in June 1997.

All three months of the quarter were  unprofitable  for Trust  investors.  On
March 31, 2002,  JWH was managing 100% of the Trust's  assets.  Approximately
30% of the assets were allocated to each of the JWH  GlobalAnalytics(R)Family
of  Programs  and  the  G-7  Currency  Portfolio.  Approximately  40%  of the
Trust's assets were allocated to JWH's Financial and Metals Portfolio.

In January,  performance  was  positive in the  currency  and energy  sectors
while  interest  rate,  metal,  stock  index  and  commodity  markets  posted
losses.  The most  significant  gains came from the currency sector where the
Japanese  Yen  continued  to  lose  value.   This  was  beneficial  to  Trust
investors  because the short Yen position  was the largest in the  portfolio.
Trading in all other  currency  markets was negative.  The Enron news created
a "flight to quality"  situation  which led to higher U.S. and European  bond
prices.  These news items and others  ceased the  selling  activity in global
bonds and caused  losses in the Trust's  interest  rate long  positions.  The
energy  sector  posted a very small gain as short  positions  in natural  gas
exceeded  losses taken in all other energy  markets.  Precious metals rallied
sharply for the first time in months.  Initially  this was  negative  for the
Trust.  However,  by  month  end,  a long  position  was  taken  and the loss
absorbed  earlier in the month was lessened.  Overall,  the Trust  recorded a
loss of $793,776 or $1.79 per unit in January.

During  February,  fluctuating  price  patterns  continued  which  led  to  a
difficult  month for the Trust.  The key element in the  Trust's  performance
was the  trend  reversals  in the  Japanese  financial  markets.  The  Nikkei
(stock index),  Japanese  government bonds and the Yen accounted for over one
half of the  losses in the  portfolio.  Losses in the  currency  sector  also
occurred  in the British  pound,  Swiss  franc and Euro.  As earlier  stated,
trading in  Japanese  government  bonds was  negative  as was trading in U.S.
and Euro  denominated  bond  markets.  Performance  in the energy  sector was
also  unprofitable.  Short  positions in crude oil,  natural gas and gasoline
suffered as prices rose.  Gold prices  continued to rise,  which  allowed the
metal sector to be positive in February.

During  late  February,  CIS  Securities,  Inc.  replaced  CIS as JWH  Global
Trust's Lead Selling  Agent.  This change will not have a material  effect on
the business of the Trust.  The Trust  recorded a loss of $2,702,058 or $6.13
per unit in February.

March was another  disappointing month.  Positive returns from the energy and
interest  rate sectors  were  overpowered  by losses in the currency  sector,
specifically  in the Yen where  Japanese  corporations  spurred a rally  when
they actively repatriated Yen for year-end accounting  purposes.  This proved
to be  detrimental  for the  Trust's  short  Yen  position.  The  balance  of
interest  rate  trading  amounted  to  additional   losses.  The  energy  and
interest rate sectors each posted gains.  Profits  accrued in short positions
in Euro  denominated  markets  outweighed  losses in Japanese  bond  markets.
Nearly all markets in the metals sector were  positive.  However,  gains were
small  due to small  position  sizes  and  small  price  changes.  The  Trust
recorded a loss of $2,740,141 or $6.19 per unit in March.

During the quarter there were 17,137.84  units sold to the Beneficial  Owners
for an  investment  of  $1,745,995.  Beneficial  Owners  redeemed  a total of
18,195.48  units during the quarter.  The Managing  Owner redeemed a total of
0 units during the quarter.  At the end of the quarter there were  436,951.05
units   outstanding  owned  by  the  Beneficial  Owners  and  5,754.50  units
outstanding owned by the Managing Owner.

During the fiscal  quarter  ending March 31, 2002,  the Trust had no material
credit exposure to a counter-party  which is a foreign commodity  exchange or
to any counter parties dealing in over the counter contracts.


Fiscal Quarter Ended March 31, 2001

The Trust  recorded  a gain of  $4,900,063  or  $11.68  per unit in the first
quarter  of  2001.  As of  March  31,  the  Trust  has  gained  26.27%  since
inception.

All three  months of the quarter  were  profitable  for Trust  investors.  On
March 31, 2001,  JWH was managing 100% of the Trust's  assets.  Approximately
30% of the assets were allocated to each of the JWH  GlobalAnalytics(R)Family
of Programs and the G-7  Portfolio.  Approximately  40% of the Trust's assets
were allocated to JWH's Financial and Metals Portfolio.

In early  January,  the  interest  rate and  currency  sectors  continued  to
accrue  profits  as they  had in the  fourth  quarter  of 2000.  However,  by
midmonth,   these  markets  began  to  consolidate  and  move  against  their
long-term  trends.  The  single  most  profitable  position  in  the  Trust's
portfolio was short  Japanese  yen.  Long  positions in the Euro and the U.S.
dollar  against  the Yen  offset  losses in other  currency  markets.  In the
interest rate sector,  the Trust's long bond  positions in various  countries
around the world remained the  cornerstone of the portfolio.  Smaller profits
were produced in almost every  geographic area with European  markets leading
the way.  Crude  and  heating  oil  prices  bounced  about  in a  featureless
pattern.  The metal  sector  showed  signs of breaking  out of its  prolonged
down  trend as  silver,  copper  and  aluminum  rallied  sharply.  The  Trust
recorded a gain of $853,853 or $1.95 per unit in January.

During  February,  the Bank of Japan once again  adopted a policy of reducing
interest  rates as  Japan's  economic  recovery  stalled.  This  allowed  the
Trust's long  positions  in Japanese  bonds to greatly  appreciate  in value.
Smaller gains were made in long  positions in U.S.,  German,  Great  Britain,
and  Australian   interest   rates.   Trading  in  European   currencies  was
negative.  Both the Euro and Swiss franc traded in erratic  patterns for much
of the month,  which more than offset the gains made in the Yen.  OPEC agreed
to cut  output  by 1.5  million  barrels  a day in order to  support  prices.
However,  the slowing of global economies  counteracted this decrease leading
to an  unprofitable  trading  environment  for the  Trust.  By the end of the
month,  the Trust all but  exited  the energy  sector.  The Trust  recorded a
gain of $43,430 or $0.11 per unit in February.

In March,  the Trust  continued  its  positive  performance.  Despite a trend
interruption  late in the month,  trading  in the  interest  rate  sector was
positive  in March  with some  geographic  areas  dramatically  outperforming
others.  The Bank of Japan's  decision to  stimulate  Japan's  economy at all
costs  hastened  the decline of  Japanese  interest  rates which  allowed the
Trust's  long  Japanese  bond  positions  to be the  most  profitable  in the
portfolio.  Gloomy  growth  outlooks  for Europe and Great  Britain  directed
interest  rates  lower  which  was  profitable  for  the  Trust.  Conversely,
trading in U.S. interest rates was negative.  The currency sector,  which had
been up dramatically  since September,  continued its stellar  performance in
March.  The  unyielding  strength of the U.S.  dollar versus the Japanese yen
was the cornerstone of the sector's  performance.  The Yen lost approximately
8% to the U.S. dollar in March and approximately  17% since September.  Gains
also  accrued  in long U.S.  dollar  positions  against  the Swiss  franc and
Australian  dollar.  Trading in the U.S.  dollar versus the Euro was slightly
negative.  As had been the case for  several  months,  position  sizes in the
commodity,  metal,  energy and stock  index  sectors  were quite small due to
lack of price  trends.  The Trust  recorded a gain of $4,002,780 or $9.62 per
unit in March.

During the quarter there were 13,100.23  units sold to the Beneficial  Owners
for an  investment  of  $1,594,086.  Beneficial  Owners  redeemed  a total of
30,535.95  units during the quarter.  The Managing  Owner redeemed a total of
949.41  units  during  the  quarter.  At the end of the  quarter  there  were
413,329.66  units  outstanding  owned by the  Beneficial  Owners and 5,754.50
units outstanding owned by the Managing Owner.

During the fiscal  quarter  ending March 31, 2001,  the Trust had no material
credit exposure to a counter-party  which is a foreign commodity  exchange or
to any counter parties dealing in over the counter contracts.


Item 3.  Quantitative and Qualitative Disclosures About Market Risk

There has been no  material  change  with  respect  to market  risk since the
"Quantitative  and  Qualitative  Disclosures  About  Market Risk" was made in
the Form 10-K of the Trust dated December 31, 2001.



Part II.  OTHER INFORMATION

Item 1.  Legal Proceedings

The Trust and its  affiliates  may from time to time be  parties  to  various
legal actions  arising in the normal course of business.  The Managing  Owner
believes  that there are no  proceedings  threatened  or pending  against the
Trust or any of its affiliates which, if determined  adversely,  would have a
material  adverse effect on the financial  condition or results of operations
of the Trust.


Item 2.  Changes in Securities

None


Item 3.  Defaults Upon Senior Securities

None


Item 4.  Submission of Matters to a Vote of Security Holders

None


Item 5.  Other Information

None


Item 6.  Exhibits and Reports on Form 8-K

a)       Exhibits

Exhibit 99 - Certification Pursuant to Section 1350 of Chapter 63 of Title
18 of the United States Code

b)       Reports on Form 8-K

None






SIGNATURES

Pursuant to the  requirements  of the  Securities  Exchange Act of 1934,  the
registrant  has duly  caused  this  report to be signed on its  behalf by the
undersigned and thereunto duly authorized.



JWH GLOBAL TRUST

Date:  August 14, 2002
By:    CIS Investments, Inc.,
       its Managing Owner




       By:/s/ Shaun D. O'Brien
                 Shaun D. O'Brien
                 Vice President, CFO and Director

(Duly  authorized  officer of the Managing Owner and the Principal  Financial
Officer of the Managing Owner)


Exhibit 99 - Certification Pursuant to Section 1350 of Chapter 63 of Title
18 of the United States Code



I, Shaun D. O'Brien,  the Chief Financial  Officer of CIS  Investments,  Inc.
("CISI"),  the Managing Owner of JWH Global Trust (the "Trust"), and I, James
A. Davison,  the President of CISI,  certify that (i) the attached 10-Q fully
complies with the  requirements  of Section 13(a) or 15(d) of the  Securities
Exchange  Act of 1934 and  (ii) the  information  contained  in the  attached
10-Q fairly presents,  in all material respects,  the financial condition and
results of operations of the Trust.




                                           
         James A. Davison
         President
         CIS Investments, Inc.
         August 14, 2002





                                           
         Shaun D. O'Brien
         Chief Financial Officer
         CIS Investments, Inc.
         August 14, 2002