WORLD MONITOR TRUST III SERIES J CLASS 1

Unaudited Account Statement

For the Month Ending April 30, 2008

Partner ID: 0001

PREFERRED INVESTMENT SOLUTIONS CORP.

MAUREEN HOWLEY CFO

900 KING STREET

SUITE 100

RYE BROOK, NY 10573

Dear Interest Holder:

Enclosed is the report for the period of April 30, 2008 for World Monitor Trust III Series J Class 1. The net asset value of an interest as of April 30, 2008 was $119.69, an increase of +1.82% from the March 31, 2008 value of $117.55. The calendar year-to-date return for World Monitor Trust III Series J Class 1 was an increase of +13.55% as of April 30, 2008.

STATEMENT OF INCOME(LOSS)

Trading Income (Loss)
Realized Trading Gain/(Loss)	$	2,097,314.83
Change in Unrealized Gain/(Loss)	$	738,899.18
Gain/(Loss) on Other Investments	$	0.00
Brokerage Commission		($14,872.55	)
Total Trading Income	$	2,821,341.46
Expenses
Audit Fees	$	0.00
Administrative and Legal Fees	$	37,115.46
Management Fees	$	36,454.37
Advisory Fees	$	164,283.70
Offering Fees	$	0.00
Incentive Fees	$	518,653.85
Other Expenses	$	551,456.18
Total Expenses	$	1,307,963.56
Interest Income	$	77,655.29
Net Income(Loss) from the Period	$	1,591,033.19

STATEMENT OF CHANGES IN NET ASSET VALUE (NAV)
				YOUR INVESTMENT
				Units	Value
Beginning of Month	$	87,490,494.58		7,743.5522	$	910,273.74
Addition	$	4,312,311.00		317.4863	$	38,000.00
Withdrawal		($789,587.76	)
Net Income/(Loss)	$	1,591,033.19			$	16,553.52
Month End	$	92,604,251.00		8,061.0385	$	964,827.27
Month End NAV Per Unit	$	119.69
Monthly Rate of Return		1.82	%
Year to Date Rate of Return		13.55	%

For account inquiries, please contact Preferred Investment Solutions Corp. Client Services at (914)307-4000.

To the best of our knowledge and belief, the information above is accurate and complete:

Kenneth A. Shewer, Chairman	Marc S. Goodman, President
Preferred Investment Solutions Corp., Managing Owner of World Monitor Trust III Series J Class 1

WORLD MONITOR TRUST III SERIES J CLASS 2

Unaudited Account Statement

For the Month Ending April 30, 2008

Partner ID: 0001

PREFERRED INVESTMENT SOLUTIONS CORP.

MAUREEN HOWLEY CFO

900 KING STREET

SUITE 100

RYE BROOK, NY 10573

Dear Interest Holder:

Enclosed is the report for the period of April 30, 2008 for World Monitor Trust III Series J Class 2. The net asset value of an interest as of April 30, 2008 was $120.87, an increase of +1.99% from the March 31, 2008 value of $118.52. The calendar year-to-date return for World Monitor Trust III Series J Class 2 was an increase of +14.29% as of April 30, 2008.

STATEMENT OF INCOME(LOSS)

Trading Income (Loss)
Realized Trading Gain/(Loss)	$	288,547.14
Change in Unrealized Gain/(Loss)	$	101,657.24
Gain/(Loss) on Other Investments	$	0.00
Brokerage Commission		($2,046.16	)
Total Trading Income	$	388,158.22
Expenses
Audit Fees	$	0.00
Administrative and Legal Fees	$	5,106.32
Management Fees	$	5,015.37
Advisory Fees	$	22,602.04
Offering Fees	$	0.00
Incentive Fees	$	71,356.04
Other Expenses	$	55,807.49
Total Expenses	$	159,887.26
Interest Income	$	10,683.76
Net Income(Loss) from the Period	$	238,954.72

STATEMENT OF CHANGES IN NET ASSET VALUE (NAV)
				YOUR INVESTMENT
				Units	Value
Beginning of Month	$	12,036,882.53		1,073.5703	$	127,237.20
Addition	$	1,305,236.88		99.2797	$	12,000.00
Withdrawal		($2,000.00	)
Net Income/(Loss)	$	238,954.72			$	2,525.90
Month End	$	13,579,074.13		1,172.8500	$	141,763.10
Month End NAV Per Unit	$	120.87
Monthly Rate of Return		1.99	%
Year to Date Rate of Return		14.29	%

For account inquiries, please contact Preferred Investment Solutions Corp. Client Services at (914)307-4000.

To the best of our knowledge and belief, the information above is accurate and complete:

Kenneth A. Shewer, Chairman	Marc S. Goodman, President
Preferred Investment Solutions Corp., Managing Owner of World Monitor Trust III Series J Class 2