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    WORLD MONITOR TRUST--
    SERIES C
    MONTHLY REPORT/
    NOVEMBER 30, 2001


         WORLD MONITOR TRUST--SERIES C
- -------------------------------------------------------------------------------
Dear Interest Holder:
Enclosed is the report for the period from October 27, 2001 to November 30, 2001
for the World Monitor Trust--Series C ('Series C'). The net asset value of an
interest as of November 30, 2001 was $78.41, a decrease of 14.74% from the
October 26, 2001 value of $91.97. The year-to-date return for Series C was a
decrease of 15.94% as of November 30, 2001.

Some positive economic news and the fall of Kabul, Afghanistan resulted in one
of the greatest reversals the U.S. bond market has seen in decades, driving
Series C losses in November. Interest rates climbed sharply in the U.S. and
Europe producing a significant decline in performance for this sector. Also
contributing to poor performance were losses in the equity sector. After hitting
lows in mid-September, U.S. and global stock markets rallied sharply resulting
in losses for short positions.

The estimated net asset value per interest as of December 14, 2001 was $76.77.
Past performance is not necessarily indicative of future results.

Should you have any questions, please contact your Prudential Securities
Financial Advisor. For account status inquiries, contact Prudential Securities
Client Services at (212) 778-2443.

          Sincerely yours,

          /s/ Eleanor L. Thomas
          -------------------------
          Eleanor L. Thomas
          President and Director
          PRUDENTIAL SECURITIES
          FUTURES MANAGEMENT INC.

Please note that the value which appears on your Prudential Securities statement
is an estimated value at calendar month-end. The actual value as of the last
Friday of the month is contained in this report.

STATEMENT OF OPERATIONS
- ----------------------------------------------------
For the period from October 27, 2001 to
  November 30, 2001
Revenues:
Realized loss on commodity
  transactions........................   $  (559,630)
Change in unrealized commodity
  positions...........................      (447,025)
Interest income.......................        11,818
                                         -----------
                                            (994,837)
                                         -----------
Expenses:
Commissions...........................        49,577
Management fee........................        12,823
                                         -----------
                                              62,400
                                         -----------
Net loss..............................   $(1,057,237)
                                         -----------
                                         -----------

STATEMENT OF CHANGES IN NET ASSET VALUE
- -------------------------------------------------------
For the period from October 27, 2001 to
  November 30, 2001
                                                 Per
                                    Total      Interest
                                 -----------   --------
Net asset value at beginning of
  period (78,809.564
  interests)...................  $ 7,248,304    $ 91.97
Contribution...................      160,000
Net loss.......................   (1,057,237)
Redemptions....................     (424,518)
                                 -----------
Net asset value at end of
  period (75,584.174
  interests)...................  $ 5,926,549      78.41
                                 -----------
                                 -----------
                                               --------
Change in net asset
  value per interest........................    $(13.56)
                                               --------
                                               --------
Percentage change...........................     (14.74)%
                                               --------
                                               --------
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I hereby affirm that, to the best of my knowledge and belief, the information
contained herein relating to World Monitor Trust--Series C is accurate and
complete.

                         PRUDENTIAL SECURITIES FUTURES
                                MANAGEMENT INC.

                             /s/ Barbara J. Brooks
                             --------------------------
                             by: Barbara J. Brooks
                            Chief Financial Officer