Alternative Investment
Strategies

WORLD MONITOR TRUST II--
SERIES F

MONTHLY REPORT/
MAY 30, 2003

PRUDENTIAL FINANCIAL (LOGO)


         WORLD MONITOR TRUST II--SERIES F
- --------------------------------------------------------------------------------

Dear Interest Holder:

Enclosed is the report for the period from April 26, 2003 to May 30, 2003 for
World Monitor Trust II--Series F ('Series F'). The net asset value of an
interest as of May 30, 2003 was $136.68, an increase of 3.45% from the April 26,
2003 value of $132.12. The calendar year-to-date return for Series F was an
increase of 15.09% as of May 30, 2003.

The estimated net asset value per interest as of June 16, 2003 was $140.43. 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 April 26, 2003 to
  May 30, 2003
Revenues:
Realized gain on commodity
  transactions......................   $2,244,014
Change in unrealized commodity
  positions.........................     (274,301)
Interest income.....................       37,221
                                       ----------
                                        2,006,934
                                       ----------
Expenses:
Incentive fee.......................      360,709
Commissions.........................      227,010
Management fee......................       76,473
Other expenses......................       13,422
Other transaction fees..............       13,222
                                       ----------
                                          690,836
                                       ----------
Net gain............................   $1,316,098
                                       ----------
                                       ----------




STATEMENT OF CHANGES IN NET ASSET VALUE
- ---------------------------------------------------
                                     
For the period from April 26, 2003 to
  May 30, 2003


                                             Per
                                Total      Interest
                             -----------   --------
                                     
Net asset value at
  beginning of period
  (279,013.037
  interests)...............  $36,862,323   $ 132.12
Contributions..............    3,043,149
Net gain...................    1,316,098
Redemptions................     (249,911)
                             -----------
Net asset value at end of
  period (299,767.945
  interests)...............  $40,971,659     136.68
                             -----------   --------
                             -----------

Change in net asset
  value per interest....................   $   4.56
                                           --------
                                           --------
Percentage change.......................       3.45%
                                           --------
                                           --------


- ------------------------------------------------------
I hereby affirm that, to the best of my knowledge and belief, the information
contained herein relating to World Monitor Trust II--Series F is accurate and
complete.

                         PRUDENTIAL SECURITIES FUTURES
                                MANAGEMENT INC.

                              /s/ Ronald J. Ivans
                              by: Ronald J. Ivans
                            Chief Financial Officer