Advisory Agreement Assumption Letter for Pru-Securities Strategic Trust, WMT II, Series D, and PB International Futures Fund C

Summary

This agreement notifies Bridgewater Associates, Inc. that Preferred Investment Solutions Corp. (formerly Kenmar Advisory Corp.) has acquired all shares of Prudential Securities Futures Management Inc., the managing owner of certain investment trusts and funds. As a result, Preferred Investment Solutions Corp. assumes all liabilities and obligations under the existing advisory agreements with these trusts and funds, and will continue to operate under the same terms. The agreement requires Bridgewater Associates' acknowledgment and acceptance of this change.

EX-10.7 3 dex107.htm ADVISORY AGREEMENTS FOR PRU- SECURITIES STRATEGIC TRUST,WMT II, SERIES D Advisory agreements for Pru- Securities Strategic Trust,WMT II, Series D

Exhibit 10.7


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

September 14, 2004

Bridgewater Associates. Inc.

Attn: General Counsel/Secretary

One Glendinning Place

Westport, CT 06880

Re: Advisory Agreements for Pru-Securities Strategic Trust, World Monitor Trust II – Series D, PB International Futures Fund C

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 Trusts/Fund 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 Trusts/Fund, 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:

BRIDGEWATER ASSOCIATES, INC

By:		/s/ Peter R. La Tronica
Name:		Peter R. La Tronica
Title:		Bridgewater Associates
		Vice President