Exhibit 10.8

	Two American Lane	Tel 203.861.1031
	P.O. Box 5150	Fax 203.552.1501
	Greenwich, Connecticut
	06831-8150
	Joseph J. Allessie
	Senior Vice President
	General Counsel

September 14, 2004

Eclipse Capital Management, Inc.

Attn: General Counsel/Secretary

7700 Bonhomme Avenue, Suite 500

Saint Louis, MO 63105

Re: Advisory Agreements for World Monitor Trust – Series B

Please be advised that it is anticipated that as of October 1, 2004, all the issued and outstanding shares of capital stock of Prudential Securities Futures Management Inc. (the “Prudential Managing Owners”) of the above stated Trust are owned by Preferred Investment Solutions Corp. f/k/a Kenmar Advisory Corp. (the “Kenmar Managing Owner”). Therefore, with respect to the various advisory agreements currently in effect by and between the Trust, the Prudential Managing Owner and you, please be notified that the Kenmar Managing Owner has assumed the liabilities and obligations of the Prudential Managing Owner thereunder and will continue to satisfy and perform all liabilities and obligations thereunder.

The Kenmar Managing Owner will continue to operate per the existing advisory agreements. If this is acceptable, please sign both copies of this Letter Agreement and return one copy.

PREFERRED INVESTMENT SOLUTIONS CORP.
By:	/s/ Joseph J. Allessie
Name:	Joseph J. Allessie
Title:	Senior Vice President, General Counsel
ACCEPTED AND AGREED TO:
ECLIPSE CAPITAL MANAGEMENT, INC.
By:	/s/ James R. Klingler
Name:	James R. Klingler
Title:	Senior Vice President