UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the ~~Securities Exchange Act of 1934~~

~~March 2,~~Securities ~~2009~~Exchange Act of 1934

June 3, 2010

Date of Report (Date of Earliest Event Reported)

WORLD MONITOR TRUST II – SERIES E

(Exact name of Registrant as Specified in its Charter)

Delaware

0-32687

13-4058319

(State or other Jurisdiction of

Incorporation or Organization)

(Commission File Number)

(I.R.S. Employer

Identification No.)

900 King Street, Rye Brook, New York 10573

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (914) 307-7000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01

Entry into a Material Definitive Agreement

Effective July 1, 2010, World Monitor Trust II – Series E (“Registrant”) ~~entered~~will ~~into~~contribute anall ~~amendment~~of to its ~~Services~~assets ~~Agreement~~into ~~with~~KMP ~~Spectrum Global~~ Futures Fund ~~Administration, L.L.C.~~I LLC (“~~Spectrum~~KMPFF”), toa ~~reflect~~Delaware limited liability company for which Winton Capital Management Limited (“Winton”), a ~~change~~company registered in ~~Spectrum’s~~England ~~annual~~and ~~fee~~Wales, ~~from~~currently 0serves as the sole trading advisor.~~17%~~ toAttached 0as Exhibits 10.12% ofand ~~net~~10.13, ~~assets~~respectively, inare ~~managed~~KMPFF’s ~~accounts~~Amended inand Restated Limited Liability Company Operating Agreement and the ~~name~~Advisory ofAgreement ~~Registrant~~among KMPFF, Kenmar Preferred Investments Corp. and Winton.

~~Item 5~~KMPFF has entered into a Trading Advisor Agreement with Graham Capital Management, L.03P. ~~Amendments~~(“Graham”) towhereby, ~~Articles~~beginning July 1, 2010, Graham will manage a portion of ~~Incorporation~~KMPFF’s orassets ~~Bylaws;~~pursuant ~~Change~~to inits ~~Fiscal~~K4D-15V ~~Year~~Program. Attached as Exhibit 10.14 is the Advisory Agreement with Graham.

~~Preferred~~Item ~~Investment Solutions Corp~~1.02 ~~(“Preferred”),~~Termination ~~the managing owner~~ of Registrant, entered into the Sixth Amended and Restated Declaration of Trust and Trust Agreement dated March 1, 2009 by and among Preferred, Wilmington Trust Company and Registrant’s Unitholders to reflect a ~~change~~Material inDefinitive ~~weekly to monthly accounting.~~ Agreement

As of June 30, 2010, Graham will withdraw as the trading advisor for Registrant and no longer manage its assets. As discussed above in Item 1.01, effective July 1, 2010, Registrant intends to allocate all of its assets to KMPFF, for which Winton and Graham will serve as trading advisors.

Attached as Exhibit 99.5 is a copy of a letter that will be provided to investors regarding the activities described herein.

Item 9.01

Financial Statements and Exhibits

(d)

Exhibits.

Exhibit No.		Description
ExhibitNo.		Description
3.5		Sixth Amended and Restated Declaration of Trust and Trust Agreement dated March 1, 2009
10.12		KMP Futures Fund I LLC Amended and Restated Limited Liability Company Operating Agreement dated January 1, 2010
10.1		Amendment No. 2, dated February 28, 2009, to the Services Agreement dated May 23, 2007, by and between Spectrum Global Fund Administration, L.L.C. and World Monitor Trust II – Series D, World Monitor Trust II – Series E and World Monitor Trust II – Series F
10.13		Advisory Agreement dated November 20, 2006 by and among WCM Pool LLC, Preferred Investment Solutions Corp. and Winton Capital Management Limited
99.4		Letter to Investors dated March 2, 2009
10.14		Advisory Agreement dated July 1, 2010 by and among KMP Futures Fund I LLC, Kenmar Preferred Investments Corp. and Graham Capital Management, L.P.
99.5		Letter to Investors dated May 28, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant in the capacity indicated on ~~March~~June 23, ~~2009~~2010.

		WORLD MONITOR TRUST II – SERIES E
	WORLD MONITOR TRUST II – SERIES E (Registrant)
		(Registrant)
	By:	Kenmar Preferred Investments Corp., its Managing Owner
		By:	Preferred Investment Solutions Corp.,its Managing Owner
Date: June 3, 2010	By:	/s/ Lawrence S. Block
Date: March 2, 2009		By:	/s/ Lawrence S. Block
		Name:	Lawrence S. Block
		Title:	~~Senior~~Executive Vice President and General Counsel

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