WORLD MONITOR TRUST II SERIES F
CONSENT TO ASSIGNMENT AND ASSUMPTION OF BROKERAGE AGREEMENT
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="ARIAL" SIZE="2"><B>Exhibit 10.1 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="3"><B>Prudential Equity Group, LLC </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="3"><B>One New York Plaza, 15th
Floor </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="3"><B>New York, New York 10292 </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="2">March 30, 2004 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
FACE="ARIAL" SIZE="2">World Monitor Trust II </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2">Prudential Securities Futures Management Inc. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL"
SIZE="2">One New York Plaza, 13th Floor </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2">New York, New York 10292 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="ARIAL" SIZE="2">Re: <U>Consent to Assignment and Assumption of Brokerage Agreement</U> </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:2%"><FONT FACE="ARIAL" SIZE="2">Reference is hereby made to the Brokerage Agreement by and between World Monitor Trust II (the &#147;<B>Trust</B>&#148;) and Prudential Equity Group, LLC (f/k/a
Prudential Securities Incorporated (&#147;<B>PEG</B>&#148;)), dated as of September 17, 1999 (the &#147;<B>Agreement</B>&#148;). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:2%"><FONT FACE="ARIAL" SIZE="2">In connection with the transfer, effective as of January 1, 2004 (the &#147;<B>Effective Date</B>&#148;), of PEG&#146;s futures and derivatives business to PFDS
Holdings LLC (&#147;<B>Holdings</B>&#148;),<B></B> and the further transfer of that business to Prudential Financial Derivatives, LLC, a wholly-owned subsidiary of Holdings (&#147;<B>PFD</B>&#148;), PEG hereby assigns, transfers and sets over to PFD
all the rights, title and interest, powers, privileges and remedies of PEG under the Agreement, and PEG hereby delegates, and PFD hereby assumes, all duties, liabilities and obligations of PEG under the Agreement, with the same force and effect as
if PFD had been an original party to the Agreement, which assignment, delegation and assumption (the &#147;<B>Assignment</B>&#148;) shall be effective as of 12:01 a.m. on the Effective Date. As of the Effective Date, the Agreement shall be deemed to
have been amended to delete all references to PEG as a party thereto and to substitute therefor references to PFD. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px; text-indent:2%"><FONT FACE="ARIAL" SIZE="2">Any information set forth in the Agreement relating to PEG&#146;s names and addresses for communications between the parties shall be deemed to have been deleted
and replaced by the information relating to PFD set forth below: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:31%"><FONT FACE="ARIAL"
SIZE="2">Prudential Financial Derivatives, LLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:31%"><FONT FACE="ARIAL" SIZE="2">One New York Plaza, 13</FONT><FONT FACE="ARIAL" SIZE="1" COLOR="#000000"><SUP>th</SUP></FONT><FONT
FACE="ARIAL" SIZE="2" COLOR="#000000"> Floor </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:31%"><FONT FACE="ARIAL" SIZE="2">New York, New York 10292 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:31%"><FONT
FACE="ARIAL" SIZE="2">Attention: Richard H. Hulit, Jr. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:2%"><FONT FACE="ARIAL" SIZE="2">The Trust hereby
consents to the Assignment of the Agreement and the resulting assignment of rights and delegation of duties as set forth above. The Trust releases PEG from any and all obligations and liabilities arising under the Agreement, excluding any obligation
or liability under the Agreement arising in connection with transactions that were effected prior to the Effective Date. Further, the Trust agrees to look solely to (a) PEG to satisfy and perform all liabilities and obligations under the Agreement
arising before the Effective Date, and (b) PFD to satisfy and perform all liabilities and obligations under the Agreement arising after the Effective Date. </FONT></P>

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 <P STYLE="margin-top:0px;margin-bottom:0px; text-indent:2%"><FONT FACE="ARIAL" SIZE="2">PFD agrees that the Assignment of the Agreement to PFD will not diminish or otherwise adversely affect any of the
Trust&#146;s rights under the Agreement, all of which are hereby ratified and confirmed and shall remain in full force and effect. This consent may be executed in any number of counterparts, each of which will be deemed an original, but all of which
together will constitute one and the same instrument. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:55%"><FONT FACE="ARIAL" SIZE="2">PRUDENTIAL EQUITY GROUP, LLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
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<TD VALIGN="top"> <P STYLE="margin-left:0.82em; text-indent:-0.82em"><FONT FACE="ARIAL" SIZE="2">/s/ M<SMALL>ICHAEL</SMALL> J. D<SMALL>UGAN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></P></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:0.82em; text-indent:-0.82em"><FONT FACE="ARIAL" SIZE="2">Name: Michael J. Dugan</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px; margin-left:0.82em; text-indent:-0.82em"><FONT FACE="ARIAL" SIZE="2">Title: Chief Financial Officer</FONT></P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:55%"><FONT FACE="ARIAL" SIZE="2">PRUDENTIAL FINANCIAL
DERIVATIVES, LLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><DIV ALIGN="right">
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<TD VALIGN="top"> <P STYLE="margin-left:0.82em; text-indent:-0.82em"><FONT FACE="ARIAL" SIZE="2">/s/ R<SMALL>ICHARD</SMALL> H. H<SMALL>ULIT</SMALL>, J<SMALL>R</SMALL>.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P></TD></TR>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:0.82em; text-indent:-0.82em"><FONT FACE="ARIAL" SIZE="2">Name: Richard H. Hulit, Jr.</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px; margin-left:0.82em; text-indent:-0.82em"><FONT FACE="ARIAL" SIZE="2">Title: Sr. Vice President</FONT></P></TD></TR>
</TABLE></DIV> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2"><B>AGREED AND ACCEPTED: </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="ARIAL" SIZE="2">WORLD MONITOR TRUST II </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="ARIAL" SIZE="2">By: Prudential Securities Futures Management Inc., Managing Owner </FONT></P> <P
STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT FACE="ARIAL" SIZE="2">/s/ B<SMALL>RIAN</SMALL> J. M<SMALL>ARTIN&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</SMALL></FONT></P></TD>
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<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:0.82em; text-indent:-0.82em"><FONT FACE="ARIAL" SIZE="2">Name: Brian J. Martin</FONT></P> <P
STYLE="margin-top:0px;margin-bottom:1px; margin-left:0.82em; text-indent:-0.82em"><FONT FACE="ARIAL" SIZE="2">Title: President</FONT></P></TD>
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