Two American Lane Tel 203.861.1031 Greenwich, Connecticut Joseph J. Allessie Senior Vice President General Counsel

Exhibit 10.8

		Two American Lane		Tel 000.000.0000
		P.O. Box 5150		Fax 000.000.0000
		Greenwich, Connecticut
		06831-8150
		Xxxxxx X. Xxxxxxxx
			Senior Vice President
		General Counsel

September 14, 2004

Eagle Trading Systems

Attn: General Counsel/Secretary

00 Xxxxxxx Xxxxxx, Xxxxx 000

Princeton, NJ 08542

Re: Advisory Agreements for PB International Fund F, World Monitor Trust – Series A

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/ Xxxxxx X. Xxxxxxxx
Name:		Xxxxxx X. Xxxxxxxx
Title:		Senior Vice President, General Counsel
ACCEPTED AND AGREED TO:
EAGLE TRADING SYSTEMS
By:		/s/ Xxxxxxxx Xxxxxxxxx
Name:		Xxxxxxxx Xxxxxxxxx
Title:		Chairman