8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8 - - K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

October 28, 2005

Date of Report (Date of earliest event reported)

JWH Global Trust

(Exact name of registrant as specified in its charter)

Delaware	000-22887	36-4113382
(State or other jurisdiction	(Commission	(IRS Employer
Of incorporation)	File Number)	Identification Number)

550 W. Jackson Blvd.
Suite 1300
Chicago, IL 60661

(Address of principal executive offices)

(Zip Code)

(312) 788-2000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a- 12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange  Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

Notice to Investors Regarding Current Update on Fund Operations

Attached as Exhibit 99.1 to this Form 8-K, and incorporated herein by reference, is a Notice to Investors dated October 28, 2005 providing a current update on operations of JWH Global Trust (the "Fund") and discussing redemption payments relating to Units of the Fund redeemed by investors at October 31, 2005.

Item 9.01.  Financial Statements and Exhibits

(d)Exhibits

99.1Notice to Investors dated October 28, 2005.

This Current Report on Form 8-K, including the documents incorporated by reference herein, contains forward-looking statements within the meaning of Section 21A of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of the 1995.  In this Current Report on Form 8-K, including the documents incorporated by reference herein, all statements other than statements of historical fact are forward looking statements that involve risks and uncertainties and actual results could differ.  These forward-looking statements are based on assumptions that we have made in light of our experience and on our perceptions of historical events, current conditions, expected future developments and other factors we believe are appropriate under the circumstances.  Although we believe that these forward-looking statements have a reasonable basis, you should be aware that numerous factors, including the outcome of Refco Inc.’s Audit Committee’s investigation; its ability to obtain financing arrangement or alternatives; changes in domestic and international market conditions; competition; its ability to attract and retain customers; its relationships with introducing brokers; retention of its management team; its ability to manage its growth or integrate future acquisitions, its exposure to significant credit risks with respect to its customers, international operations and exchange membership requirements, the effectiveness of compliance and

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risk management methods, potential litigation or investigations, employee or introducing broker misconduct or errors, reputational harm, and changes in capital requirements, could cause actual results to differ materially from our expectations.  Because of these factors, we caution that you should no place undue reliance on any of our forward-looking statements.  Further, any forward looking statement speaks only as of today.  It is impossible for us to predict how new events or developments may affect us.  We disclaim any intention or obligation to update or revise any forward-looking statements, either to reflect new information or developments or for any other reason

SIGNATURE

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 hereunto duly authorized.

	JWH Global Trust
	(Registrant)
	/s/ Richard C. Butt
	Name: Richard C. Butt
Date:  October 28, 2005	Title: President of Refco Commodity Management, Inc., the Managing Owner of the Registrant

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EX-99.1

Exhibit 99.1

JWH GLOBAL TRUST
c/o Refco Commodity Management, Inc.
550 W. Jackson Blvd.
Suite 1300
Chicago, IL 60661

October 28, 2005

Re:  Current Update on Fund Operations

Dear Investor:

I am writing to further update you concerning your investment in the JWH Global Trust (the “Fund”).

First, Refco Capital Markets, Ltd. ("RCM"), the Fund's former foreign currency broker, has filed a Chapter 11 case in the United States Bankruptcy Court for the Southern District of New York and a petition for liquidation with the Supreme Court of Bermuda.  Bermuda is the jurisdiction in which RCM is organized.  We have demanded that the Fund's assets held at RCM be transferred to our new foreign currency broker, Lehman Brothers, and have retained Squire, Sanders & Dempsey, L.L.P. to assist us in enforcing our rights with respect to such assets.  At this time, however, we cannot be sure if and when these assets will be available to the Fund or whether the Fund will sustain any loss with respect to these assets. 

Second, the Fund anticipates that investors redeeming Units at October 31, 2005 will receive a partial redemption payment in an amount that represents their estimated proportionate share of the Fund's net assets that are not held at RCM, less their proportionate share of a reserve for liabilities, and less any early redemption charge for Units held less than one year.  This partial redemption payment is estimated to be roughly 75% of Unit net asset value at October 31, 2005.  For these purposes, Unit net asset value will be calculated assuming that the Fund's assets held at RCM will be returned to the Fund in full.  However, there can be no assurance of when, or if, the Fund might obtain its assets held at RCM, or if such assets held at RCM will have any value.  If the assets held at RCM ultimately have no value, the remaining redemption payments to Unitholders who have already received partial redemption payments will be only their proportionate share of the unapplied reserve, if any.

These partial redemption payments are expected to be made on or about November 14, 2005.  The balance of redemption proceeds as discussed above, if any, will be paid without interest following disposition of the Fund’s interest in the assets held at RCM and elimination of the related reserve.  All redemption payments are subject to the Fund having property sufficient to pay its liabilities.

If you have any questions regarding any of the aforementioned developments, please do not hesitate to contact your financial adviser.

Sincerely,

Richard C. Butt

President — Refco Commodity Management, Inc.