SUB-ITEM 77H
The following shareholders held greater than 25% of the outstanding shares of a series
of the Trust as of February 29, 2008:
Fund	Shareholder
GMO Alpha Only Fund	Evergreen Asset Allocation Fund
GMO Alternative Asset Opportunity Fund	GMO Benchmark Free Allocation Fund
GMO Alternative Asset SPC Fund	GMO Alternative Asset Opportunity Fund
GMO Core Plus Bond Fund	Evergreen Asset Allocation Fund
GMO Currency Hedged International Bond Fund	JP Morgan Chase Bank
GMO Currency Hedged International Bond Fund	Teachers' Retirement System of The City Of New York
GMO Currency Hedged International Equity Fund	JP Morgan Chase Bank
GMO Developed World Stock Fund	Dow Employees Pension Plan
GMO Domestic Bond Fund	Evergreen Asset Allocation Fund
GMO Domestic Bond Fund	Teachers' Retirement System of The City Of New York
GMO Emerging Markets Opportunity Fund	Evergreen Asset Allocation Fund
GMO Foreign Small Companies Fund	Virginia Retirement System
GMO Global Growth Fund	Berks County Retirement Fund
GMO Inflation Indexed Plus Bond Fund	The Northern Trust Company, Trustee of The Aerospace Corporation Employees
GMO Inflation Indexed Plus Bond Fund	Mayo Foundation Retirement Trust
GMO International Core Equity Fund	Evergreen Asset Allocation Fund
GMO International Small Companies Fund	New Zealand Superannuation Fund
GMO Real Estate Fund	Mac & Co 10000643000 FBO Princeton
GMO Short Duration Collateral Share Fund	Cormorant Fund
GMO Short Duration Collateral Fund	GMO Strategic Fixed Income Fund
GMO Short-Duration Investment Fund	GMO Global Balanced Asset Allocation Fund
GMO Special Purpose Holding Fund	Verib NYXF1776322
GMO Special Situation Fund	Evergreen Asset Allocation Fund
GMO Special Situation Fund	GMO Global Balanced Asset Allocation Fund
GMO SPV I, LLC	GMO Alpha Libor Fund
GMO Strategic Fixed Income Fund	Evergreen Asset Allocation Fund
GMO Taiwan Fund	Pension Reserves Investment Trust
GMO Taiwan Fund	State of Connecticut Retirement
GMO Tax-Managed U.S. Equity Fund	Northern Trust Co. FBO Edgar M Bronfman
GMO Tax-Managed U.S. Equity Fund	Strafe and Co FAO MJH Investment LTD
GMO Tobacco Free Core Fund	Council For World Mission
GMO US Core Equity Allocation Fund	The Board of Trustees of the University of Illinois
GMO U.S. Intrinsic Value Fund	Hopke Partnership
GMO U.S. Intrinsic Value Fund	Sei Private Trust Company FBO New Balancce Fund
GMO U.S. Small/Mid Cap Value	Maine State Retirement System
GMO U.S. Small/Mid Cap Value	Union Bank & Trust Nominee FBO SD Transit Corp
GMO U.S. Growth Fund	Northern Trust Co. FBO Colorado PERA 401K
GMO World Opportunity Overlay Fund	GMO Strategic Fiexed Income Fund
The following shareholders ceased to hold greater than 25% of the outstanding shares of a
series of the Trust during the period August 31, 2007 through February 29, 2008:
Fund	Shareholder
GMO Currency Hedged International Equity Fund	GMO World Opportunities Equity Fund
GMO Global Bond Fund	Fresno County Employees' Retirement Association
GMO Global Bond Fund	Mars Pension Trustees
GMO Global Growth Fund	Theresa Stone Pan Charitable Remainder Unitrust
GMO Global Growth Fund	Lockbox One LLC
GMO Inflation Indexed Plus Bond Fund	Evergreen Asset Allocation Fund
GMO Short Duration Collateral Fund	GMO Inflation Index Plus Bond Fund
GMO Tax-Managed Small/Mid Cap Companies Fund	CAMASS Investment
GMO U.S. Intrinsic Value Fund	Saturn & Co C/O Investors Bank & Trust
GMO U.S. Small/Mid Cap Growth Fund	Basellandschaftliche Pensionskasse
GMO U.S. Value Fund	Polk Brothers Foundation
GMO U.S. Value Fund	Wachovia Bank
GMO World Opportunity Overlay Fund	GMO Inflation Indexed Plus Bond Fund