Advisory Agreement Assumption Letter – World Monitor Trust Series B (Preferred Investment Solutions Corp. and Eclipse Capital Management, Inc.)

Exhibit 10.8

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.