This supplement will be affixed to the front page of the Prospectus



                              WORLD MONITOR TRUST

                        Supplement dated May 27, 1998 to
                        Prospectus dated March 24, 1998

World Monitor Trust (the 'Trust') has determined to modify the terms of the
offering of Interests in the Trust by:

     (a) offering you a discount on the purchase price of the Interests, if you
         purchase at least $5 million of Interests in one or more Series in the
         aggregate; and/or

     (b) waiving all or a portion of the redemption fees which otherwise would
         be imposed on you if you redeem any Interests during the first twelve
         months following the effective date of purchase, if, at the time of a
         redemption, your aggregate subscriptions to all Series were at least $5
         million. For this purpose, the 'effective date of purchase' is the
         applicable Dealing Day for the Interest(s) being redeemed.


If you receive a discount on the purchase price of your Interests, a dollar
amount equal to the discount you receive will be paid to the Trust at the time
of sale by Prudential Securities and deducted from the compensation payable to
the Prudential Securities employee responsible for the sale. Subscribers should
consult with their tax advisors concerning the tax consequences to them of
receiving a discount.