Exhibit 10.05


SECOND AMENDMENT TO

TRADING ADVISORY AGREEMENT


This Second
Amendment (“Second Amendment”) to the Trading Advisory Agreement dated as of
April 3, 1997, and previously amended on September 29, 2000, (as so amended, the “Agreement”) by and
among JWH GLOBAL TRUST (the “Trust”), CIS INVESTMENTS, INC. (the “Managing
Owner”), and JOHN W. HENRY & COMPANY, INC (the “Advisor”) is hereby made as
of June 23, 2005.


 


WITNESSETH:


WHEREAS, the parties hereto entered in to the
Agreement to set forth the terms and condition upon which the Advisor renders
advisory services in connection with the Trust’s commodity interest trading
activities; and 


WHEREAS, the parties hereto desire to amend the
Agreement to extend the term of the Agreement and reflect a change in the
programs used by the Advisor; 


NOW, THEREFORE, in consideration of the premises and
the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:


1. The term of Agreement is extended hereby to June
30, 2006. This Agreement shall automatically renew on the same terms as set
forth in the Agreement, as amended hereby, for additional twelve month periods,
unless the Managing Owner gives the Advisor written notice at least 45 days
prior to the expiration of the then current twelve month period.


2. Effective August 1, 2005, the Advisor shall begin to conduct the Trust’s commodity interest
trading activities pursuant to the following trading programs of the Advisor,
in the following allocations:


Financial and Metals Portfolio —30%

JWH GlobalAnalyticsR Family of Programs —30%

International foreign Exchange Program—20%

Global Financial and Energy Portfolio —20%.


The Trust and the Managing Owner acknowledge that the
Advisor shall make such adjustments to existing positions held in the account
of the Trust as are necessary in order to
establish such allocations as of August 1, 2005.


IN WITNESS WHEREOF, the parties hereto have executed
this Second Amendment as of the
date first written above.



   
 









 


	
  JWH GLOBAL TRUST

  	
   

  
	
   

  	
   

  
	
  By:CIS
  Investments, Inc., its Managing Owner

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ SHAUN O’BRIEN

  	
   

  
	
  Name:

  	
  Shaun O’Brien

  	
   

  
	
  Its:

  	
                 CFO

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  CIS INVESTMENTS,
  INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ ANNETTE A.
  CAZENAVE

  	
   

  
	
  Name:

  	
  Annette A.
  Cazenave

  	
   

  
	
  Its:

  	
  Vice President

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  JOHN W. HENRY
  & COMPANY, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ MARK S.
  RZEPCZYNSKI

  	
   

  
	
  Name:

  	
  Mark S. Rzepczynski

  	
   

  
	
  Its:

  	
  President and
  Chief Investment Officer

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Acknowledged and
  Agreed to by:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  CARGILL INVESTOR
  SERVICES, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Its:

  	
   

  	
   

  
					



 



 2