UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

Filed by the Registrant x   Filed by a Party other than the Registrant ¨

Check the appropriate box:

¨ Preliminary Proxy Statement

¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

¨ Definitive Proxy Statement

x  Definitive Additional Materials

¨ Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12

WORLD MONITOR TRUST, Series A

(Name of Registrant as Specified in Its Charter)

N/A

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

x  No fee required

¨ Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.

(1)  Title of each class of securities to which transaction applies:

(2)  Aggregate number of securities to which transaction applies:

(3)  Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

(4)  Proposed maximum aggregate value of transaction:

(5)  Total fee paid:

¨ Fee paid previously with preliminary materials:

¨ Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

(1)  Amount Previously Paid:

(2)  Form, Schedule or Registration Statement No.:

(3)  Filing Party:

(4)  Date Filed:

Prudential Securities Futures Management Inc.

September 2, 2004

Re: World Monitor Trust – Series A (the “Fund”)

Termination of Trading Advisory Agreement

Dear Interest Holder:

We are writing to inform you that Eagle Trading Systems, Inc. (“Eagle”) will no longer serve as the Trading Advisor to the Fund. In accordance with its terms, the Trading Advisory Agreement with Eagle is terminated automatically if the assets allocated to Eagle decline by 33 ¹/3% from the start of trading or during any one calendar year. Unfortunately, as of the close of business on August 27, 2004, the Fund’s NAV declined, since the beginning of the year, by such 33 ¹/3% amount. Accordingly, the Trading Advisory Agreement was terminated and Eagle was immediately directed to cancel all open orders and to close out all of its market positions on behalf of the Fund.

As you know, the Fund is currently soliciting investor votes for a Proposal that, if approved, would result in Prudential Securities Futures Management Inc. being replaced as the Fund’s Managing Owner by Preferred Investment Solutions Corp. (f/k/a Kenmar Advisory Corp.) Preferred has been advised that the Trading Advisory Agreement with Eagle has been terminated and is currently reviewing options for the Fund. Until such time as a replacement CTA may be employed, the Fund’s assets, which are all cash, will be maintained in an interest bearing account.

As a reminder, the Proposal will be considered at a special meeting of Limited Owners to be held on September 21, 2004. Until such time, you may submit a proxy to vote on the Proposal, or change or revoke your previously submitted proxy vote.

If you have any questions, please do not hesitate to call your Financial Advisor. You may also call us at 212-778-7866.

Sincerely,

Brian J. Martin

President