NSAR-B

      PAGE  1
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      PAGE  2
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      PAGE  3
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      PAGE  4
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      PAGE  5
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      PAGE  6
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      PAGE  7
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      PAGE  8
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      PAGE  9
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      PAGE  10
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      PAGE  11
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      PAGE  12
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      PAGE  13
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      PAGE  14
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      PAGE  15
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      PAGE  16
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      PAGE  17
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      PAGE  18
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      PAGE  19
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      PAGE  20
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      PAGE  21
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      PAGE  22
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      PAGE  23
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      PAGE  24
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      PAGE  25
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      PAGE  26
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      PAGE  27
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      PAGE  28
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      PAGE  29
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      PAGE  30
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      PAGE  31
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      PAGE  32
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      PAGE  33
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      PAGE  34
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      PAGE  35
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      PAGE  36
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      PAGE  37
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      PAGE  38
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      PAGE  39
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039  000900 N
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      PAGE  40
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050  000900 N
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066 D000900 N
066 E000900 N
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068 A000900 N
      PAGE  41
068 B000900 N
069  000900 N
070 A010900 Y
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070 C020900 N
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070 D020900 N
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070 E020900 N
070 F010900 Y
070 F020900 Y
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070 H020900 N
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070 I020900 N
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070 K020900 Y
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070 L020900 Y
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070 P020900 N
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070 Q020900 N
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070 R020900 N
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      PAGE  42
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      PAGE  43
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008 B001001 A
008 C001001 801-6003
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008 D021001 MA
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015 B001001 C
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      PAGE  44
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048 J021000 0.000
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050  001000 N
051  001000 N
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053 B001000 Y
053 C001000 N
058 A001000 N
059  001000 Y
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      PAGE  45
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066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 N
067  001000 N
068 A001000 N
068 B001000 N
069  001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 Y
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 Y
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 Y
070 L021000 Y
070 M011000 N
      PAGE  46
070 M021000 N
070 N011000 Y
070 N021000 Y
070 O011000 Y
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
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      PAGE  47
073 C001000   0.0000
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008 A001101 GRANTHAM, MAYO, VAN OTTERLOO & CO.
008 B001101 A
008 C001101 801-6003
008 D011101 BOSTON
008 D021101 MA
008 D031101 02110
012 A001101 INVESTORS BANK & TRUST COMPANY
012 B001101 85-720
012 C011101 BOSTON
012 C021101 MA
012 C031101 02111
015 A001101 INVESTORS BANK & TRUST COMPANY
015 B001101 C
015 C011101 BOSTON
015 C021101 MA
015 C031101 02111
015 E011101 X
      PAGE  48
024  001100 N
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046  001100 N
047  001100 Y
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      PAGE  49
048 G021100 0.000
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048 I021100 0.000
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050  001100 N
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066 A001100 Y
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066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 N
067  001100 N
068 A001100 N
068 B001100 N
069  001100 N
070 A011100 Y
      PAGE  50
070 A021100 Y
070 B011100 Y
070 B021100 N
070 C011100 N
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 Y
070 F021100 Y
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070 G021100 N
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070 H021100 N
070 I011100 N
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070 J021100 N
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 N
070 M011100 N
070 M021100 N
070 N011100 Y
070 N021100 Y
070 O011100 Y
070 O021100 N
070 P011100 N
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
070 R021100 N
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      PAGE  51
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      PAGE  52
074 V021100    15.89
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008 A001301 GRANTHAM, MAYO, VAN OTTERLOO & CO.
008 B001301 A
008 C001301 801-6003
008 D011301 BOSTON
008 D021301 MA
008 D031301 02110
012 A001301 INVESTORS BANK & TRUST COMPANY
012 B001301 85-720
012 C011301 BOSTON
012 C021301 MA
012 C031301 02111
015 A001301 BROWN BROTHERS HARRIMAN & CO.
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      PAGE  53
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      PAGE  54
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066 A001300 Y
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066 D001300 N
066 E001300 N
066 F001300 N
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068 A001300 N
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069  001300 N
070 A011300 Y
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070 B021300 N
070 C011300 N
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 N
070 E021300 N
070 F011300 Y
070 F021300 Y
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 N
070 K011300 Y
070 K021300 N
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 Y
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070 N021300 N
      PAGE  55
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      PAGE  56
074 C001300     2863
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      PAGE  57
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039  001400 N
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      PAGE  58
048 A011400        0
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      PAGE  59
062 R001400   0.0
066 A001400 Y
066 B001400 N
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066 D001400 N
066 E001400 N
066 F001400 N
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067  001400 N
068 A001400 N
068 B001400 N
069  001400 N
070 A011400 Y
070 A021400 Y
070 B011400 Y
070 B021400 N
070 C011400 N
070 C021400 N
070 D011400 Y
070 D021400 N
070 E011400 N
070 E021400 N
070 F011400 Y
070 F021400 Y
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 N
070 K011400 Y
070 K021400 Y
070 L011400 Y
070 L021400 Y
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070 M021400 N
070 N011400 Y
070 N021400 Y
070 O011400 Y
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070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
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      PAGE  60
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      PAGE  61
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008 B001501 A
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008 D021501 MA
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012 C011501 BOSTON
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012 C031501 02111
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      PAGE  62
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048 I021500 0.000
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048 J021500 0.000
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      PAGE  63
048 K021500 0.000
049  001500 N
050  001500 N
051  001500 N
052  001500 N
053 A001500 Y
053 B001500 Y
053 C001500 N
058 A001500 N
059  001500 Y
060 A001500 N
060 B001500 N
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066 A001500 Y
066 B001500 N
066 C001500 Y
066 D001500 N
066 E001500 N
066 F001500 N
066 G001500 N
067  001500 N
068 A001500 N
068 B001500 Y
069  001500 N
070 A011500 Y
070 A021500 N
070 B011500 Y
070 B021500 N
070 C011500 N
070 C021500 N
070 D011500 Y
070 D021500 Y
070 E011500 N
      PAGE  64
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 N
070 K011500 Y
070 K021500 Y
070 L011500 Y
070 L021500 Y
070 M011500 Y
070 M021500 Y
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
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      PAGE  65
072 U001500        0
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008 A001601 GRANTHAM, MAYO, VAN OTTERLOO & CO.
      PAGE  66
008 B001601 A
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008 D011601 BOSTON
008 D021601 MA
008 D031601 02110
012 A001601 INVESTORS BANK & TRUST COMPANY
012 B001601 85-720
012 C011601 BOSTON
012 C021601 MA
012 C031601 02111
015 A001601 INVESTORS BANK & TRUST COMPANY
015 B001601 C
015 C011601 BOSTON
015 C021601 MA
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037  001600 N
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039  001600 N
040  001600 N
045  001600 Y
      PAGE  67
046  001600 N
047  001600 Y
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048 I021600 0.000
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048 J021600 0.000
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048 K021600 0.000
049  001600 N
050  001600 N
051  001600 N
052  001600 N
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053 C001600 N
058 A001600 N
059  001600 Y
060 A001600 N
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      PAGE  68
062 O001600   0.0
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064 A001600 N
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065  001600 N
066 A001600 N
067  001600 N
068 A001600 N
068 B001600 Y
069  001600 N
070 A011600 Y
070 A021600 Y
070 B011600 Y
070 B021600 N
070 C011600 Y
070 C021600 Y
070 D011600 Y
070 D021600 N
070 E011600 Y
070 E021600 Y
070 F011600 Y
070 F021600 N
070 G011600 Y
070 G021600 Y
070 H011600 Y
070 H021600 N
070 I011600 N
070 I021600 N
070 J011600 Y
070 J021600 Y
070 K011600 Y
070 K021600 Y
070 L011600 Y
070 L021600 Y
070 M011600 Y
070 M021600 Y
070 N011600 Y
070 N021600 Y
070 O011600 Y
070 O021600 N
070 P011600 N
070 P021600 N
070 Q011600 N
070 Q021600 N
070 R011600 N
070 R021600 N
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      PAGE  69
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      PAGE  70
074 L001600    18046
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008 A001701 GRANTHAM, MAYO, VAN OTTERLOO & CO.
008 B001701 A
008 C001701 801-6003
008 D011701 BOSTON
008 D021701 MA
008 D031701 02110
012 A001701 INVESTORS BANK & TRUST CO.
012 B001701 85-720
012 C011701 BOSTON
012 C021701 MA
012 C031701 02111
015 A001701 INVESTORS BANK & TRUST COMPANY
015 B001701 C
015 C011701 BOSTON
015 C021701 MA
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      PAGE  71
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040  001700 N
045  001700 Y
046  001700 N
047  001700 Y
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050  001700 N
051  001700 N
      PAGE  72
052  001700 N
053 A001700 Y
053 B001700 Y
053 C001700 N
058 A001700 N
059  001700 Y
060 A001700 N
060 B001700 N
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063 B001700 18.9
064 A001700 N
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065  001700 N
066 A001700 N
067  001700 N
068 A001700 N
068 B001700 Y
069  001700 N
070 A011700 Y
070 A021700 Y
070 B011700 Y
070 B021700 N
070 C011700 Y
070 C021700 Y
070 D011700 Y
070 D021700 N
070 E011700 Y
070 E021700 Y
070 F011700 Y
070 F021700 N
070 G011700 Y
070 G021700 Y
      PAGE  73
070 H011700 Y
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070 I011700 N
070 I021700 N
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070 J021700 Y
070 K011700 Y
070 K021700 Y
070 L011700 Y
070 L021700 Y
070 M011700 Y
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070 P021700 N
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070 Q021700 N
070 R011700 N
070 R021700 N
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      PAGE  74
072 Z001700    53277
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      PAGE  75
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      PAGE  76
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      PAGE  77
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070 I021800 N
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070 K011800 Y
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      PAGE  78
070 M021800 Y
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      PAGE  79
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      PAGE  80
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      PAGE  81
048 G021900 0.000
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068 A001900 N
068 B001900 N
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      PAGE  82
070 B021900 N
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      PAGE  83
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      PAGE  84
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      PAGE  85
028 H002000         0
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      PAGE  86
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070 A012000 Y
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070 L022000 Y
070 M012000 Y
070 M022000 Y
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070 N022000 Y
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      PAGE  87
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      PAGE  88
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      PAGE  89
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      PAGE  90
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066 D002100 N
066 E002100 N
066 F002100 N
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067  002100 N
      PAGE  91
068 A002100 N
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070 D022100 N
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070 E022100 N
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070 F022100 Y
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070 J022100 N
070 K012100 Y
070 K022100 N
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070 L022100 Y
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070 R012100 N
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      PAGE  92
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      PAGE  93
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008 B002201 A
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008 D012201 BOSTON
008 D022201 MA
008 D032201 02110
012 A002201 INVESTORS BANK & TRUST COMPANY
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012 C012201 BOSTON
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      PAGE  94
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      PAGE  95
062 C002200   0.0
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064 A002200 N
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066 A002200 N
067  002200 N
068 A002200 N
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070 C022200 Y
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070 E022200 N
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070 F022200 N
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070 G022200 N
070 H012200 Y
070 H022200 N
070 I012200 N
070 I022200 N
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070 J022200 N
070 K012200 Y
070 K022200 Y
070 L012200 Y
070 L022200 Y
070 M012200 Y
070 M022200 Y
      PAGE  96
070 N012200 Y
070 N022200 Y
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070 P012200 N
070 P022200 N
070 Q012200 N
070 Q022200 N
070 R012200 N
070 R022200 N
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      PAGE  97
074 A002200        7
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008 B002301 A
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012 C012301 BOSTON
012 C022301 MA
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015 A002301 INVESTORS BANK & TRUST COMPANY
015 B002301 C
015 C012301 BOSTON
015 C022301 MA
015 C032301 02111
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      PAGE  98
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037  002300 Y
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040  002300 N
045  002300 Y
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      PAGE  99
048 H012300        0
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048 I022300 0.000
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048 J022300 0.000
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048 K022300 0.000
049  002300 N
050  002300 N
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052  002300 N
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066 A002300 Y
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066 D002300 N
066 E002300 N
066 F002300 N
066 G002300 Y
067  002300 N
068 A002300 N
068 B002300 N
069  002300 N
070 A012300 Y
070 A022300 Y
      PAGE  100
070 B012300 Y
070 B022300 N
070 C012300 Y
070 C022300 N
070 D012300 Y
070 D022300 N
070 E012300 N
070 E022300 N
070 F012300 Y
070 F022300 Y
070 G012300 Y
070 G022300 N
070 H012300 Y
070 H022300 N
070 I012300 N
070 I022300 N
070 J012300 Y
070 J022300 N
070 K012300 Y
070 K022300 Y
070 L012300 Y
070 L022300 N
070 M012300 Y
070 M022300 N
070 N012300 Y
070 N022300 Y
070 O012300 Y
070 O022300 N
070 P012300 N
070 P022300 N
070 Q012300 N
070 Q022300 N
070 R012300 N
070 R022300 N
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      PAGE  101
072 N002300       28
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      PAGE  102
074 W002300   0.0000
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008 A002401 GRANTHAM, MAYO, VAN OTTERLOO & CO.
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008 D012401 BOSTON
008 D022401 MA
008 D032401 02110
012 A002401 INVESTORS BANK & TRUST COMPANY
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012 C012401 BOSTON
012 C022401 MA
012 C032401 02111
015 A002401 BROWN BROTHERS HARRIMAN & CO
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      PAGE  103
028 G042400     12670
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039  002400 N
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050  002400 N
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      PAGE  104
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066 A002400 Y
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068 B002400 Y
069  002400 N
070 A012400 Y
070 A022400 N
070 B012400 Y
070 B022400 N
070 C012400 Y
070 C022400 N
070 D012400 Y
070 D022400 N
070 E012400 N
070 E022400 N
070 F012400 Y
070 F022400 N
070 G012400 Y
070 G022400 N
070 H012400 Y
070 H022400 N
070 I012400 N
070 I022400 N
070 J012400 Y
070 J022400 Y
070 K012400 Y
070 K022400 N
070 L012400 Y
070 L022400 Y
070 M012400 Y
070 M022400 Y
070 N012400 Y
070 N022400 N
070 O012400 Y
      PAGE  105
070 O022400 N
070 P012400 N
070 P022400 N
070 Q012400 N
070 Q022400 N
070 R012400 N
070 R022400 N
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      PAGE  106
074 D002400     1805
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008 A002501 GRANTHAM, MAYO, VAN OTTERLOO & CO.
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008 D012501 BOSTON
008 D022501 MA
008 D032501 02110
012 A002501 INVESTORS BANK & TRUST COMPANY
012 B002501 85-720
012 C012501 BOSTON
012 C022501 MA
012 C032501 02111
015 A002501 INVESTORS BANK & TRUST COMPANY
015 B002501 C
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015 C022501 MA
015 C032501 02111
015 E012501 X
024  002500 N
028 A012500         0
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      PAGE  107
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037  002500 N
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039  002500 N
040  002500 N
045  002500 Y
046  002500 N
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      PAGE  108
048 J012500        0
048 J022500 0.000
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048 K022500 0.000
049  002500 N
050  002500 N
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059  002500 Y
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066 A002500 Y
066 B002500 N
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066 D002500 N
066 E002500 N
066 F002500 N
066 G002500 Y
067  002500 N
068 A002500 N
068 B002500 N
069  002500 N
070 A012500 N
070 A022500 N
070 B012500 N
070 B022500 N
070 C012500 N
070 C022500 N
      PAGE  109
070 D012500 N
070 D022500 N
070 E012500 N
070 E022500 N
070 F012500 N
070 F022500 N
070 G012500 N
070 G022500 N
070 H012500 N
070 H022500 N
070 I012500 N
070 I022500 N
070 J012500 N
070 J022500 N
070 K012500 Y
070 K022500 Y
070 L012500 N
070 L022500 N
070 M012500 N
070 M022500 N
070 N012500 N
070 N022500 N
070 O012500 N
070 O022500 N
070 P012500 N
070 P022500 N
070 Q012500 N
070 Q022500 N
070 R012500 N
070 R022500 N
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      PAGE  110
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      PAGE  111
075 B002500     9513
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008 A002601 GRANTHAM, MAYO, VAN OTTERLOO & CO.
008 B002601 A
008 C002601 801-6003
008 D012601 BOSTON
008 D022601 MA
008 D032601 02110
012 A002601 INVESTORS BANK & TRUST COMPANY
012 B002601 85-720
012 C012601 BOSTON
012 C022601 MA
012 C032601 02111
015 A002601 INVESTORS BANK & TRUST COMPANY
015 B002601 C
015 C012601 BOSTON
015 C022601 MA
015 C032601 02111
015 E012601 X
024  002600 N
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038  002600      0
      PAGE  112
039  002600 N
040  002600 N
045  002600 Y
046  002600 N
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      PAGE  113
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      PAGE  114
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      PAGE  115
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      PAGE  116
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      PAGE  117
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      PAGE  118
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      PAGE  119
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      PAGE  120
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      PAGE  121
028 G042800         0
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      PAGE  122
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070 C012800 N
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070 D012800 N
070 D022800 N
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070 F022800 N
070 G012800 N
070 G022800 N
070 H012800 N
070 H022800 N
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      PAGE  123
070 P012800 N
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      PAGE  124
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      PAGE  125
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      PAGE  126
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      PAGE  127
070 D022900 N
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      PAGE  128
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      PAGE  129
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      PAGE  130
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062 L003000   0.0
      PAGE  131
062 M003000   0.0
062 N003000   0.0
062 O003000   0.0
062 P003000   0.0
062 Q003000   0.0
062 R003000   0.0
066 A003000 Y
066 B003000 N
066 C003000 N
066 D003000 Y
066 E003000 N
066 F003000 N
066 G003000 N
067  003000 N
068 A003000 N
068 B003000 Y
069  003000 N
070 A013000 Y
070 A023000 Y
070 B013000 N
070 B023000 N
070 C013000 N
070 C023000 N
070 D013000 N
070 D023000 N
070 E013000 N
070 E023000 N
070 F013000 N
070 F023000 N
070 G013000 N
070 G023000 N
070 H013000 N
070 H023000 N
070 I013000 N
070 I023000 N
070 J013000 Y
070 J023000 Y
070 K013000 Y
070 K023000 Y
070 L013000 Y
070 L023000 Y
070 M013000 Y
070 M023000 Y
070 N013000 Y
070 N023000 Y
070 O013000 Y
070 O023000 Y
070 P013000 N
070 P023000 N
070 Q013000 N
070 Q023000 N
      PAGE  132
070 R013000 N
070 R023000 N
071 A003000      3376
071 B003000         0
071 C003000       442
071 D003000    0
072 A003000  2
072 B003000       75
072 C003000        2
072 D003000        0
072 E003000        0
072 F003000       13
072 G003000        0
072 H003000        0
072 I003000        5
072 J003000       22
072 K003000        0
072 L003000        0
072 M003000        0
072 N003000        5
072 O003000        0
072 P003000        0
072 Q003000        0
072 R003000       28
072 S003000        3
072 T003000        0
072 U003000        0
072 V003000        0
072 W003000        4
072 X003000       78
072 Y003000       45
072 Z003000       42
072AA003000        0
072BB003000        2
072CC013000        0
072CC023000       44
072DD013000        0
072DD023000        0
072EE003000        0
073 A013000   0.0000
073 A023000   0.0000
073 B003000   0.0000
073 C003000   0.0000
074 A003000       95
074 B003000        0
074 C003000        0
074 D003000        0
074 E003000        0
074 F003000     3332
074 G003000        0
074 H003000        0
      PAGE  133
074 I003000     6100
074 J003000        0
074 K003000        0
074 L003000        2
074 M003000        0
074 N003000     9530
074 O003000        0
074 P003000        6
074 Q003000        0
074 R013000        0
074 R023000        0
074 R033000        0
074 R043000       60
074 S003000        0
074 T003000     9464
074 U013000      940
074 U023000        0
074 V013000    10.06
074 V023000     0.00
074 W003000   0.0000
074 X003000       17
074 Y003000        0
075 A003000        0
075 B003000     1769
076  003000     0.00
071 A003100         0
071 B003100         0
071 C003100         0
071 D003100    0
072 A003100  0
072 B003100        0
072 C003100        0
072 D003100        0
072 E003100        0
072 F003100        0
072 G003100        0
072 H003100        0
063 A003200   0
063 B003200  0.0
074 A003200        0
074 B003200        0
074 C003200        0
074 D003200        0
074 E003200        0
074 F003200        0
074 G003200        0
074 H003200        0
074 I003200        0
074 J003200        0
074 K003200        0
074 L003200        0
      PAGE  134
074 M003200        0
074 N003200        0
072 Y003300        0
072 Z003300        0
072AA003300        0
072BB003300        0
072CC013300        0
072CC023300        0
072DD013300        0
072DD023300        0
072EE003300        0
073 A013300   0.0000
073 A023300   0.0000
073 B003300   0.0000
073 C003300   0.0000
075 A003600        0
075 B003600        0
076  003600     0.00
SIGNATURE   SUSAN RANDALL HARBERT                        
TITLE       ASSISTANT TREASURER 
 

EX-27.SER01CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 1
   <NAME>  Core Fund, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                      2,834,876,598
<INVESTMENTS-AT-VALUE>                     3,244,109,527
<RECEIVABLES>                                 89,379,541
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                             3,333,489,068
<PAYABLE-FOR-SECURITIES>                      29,603,864
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                    178,673,589
<TOTAL-LIABILITIES>                          208,277,453
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                   2,143,345,946
<SHARES-COMMON-STOCK>                            452,508
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                      5,378,592
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                      574,552,558
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                     401,934,519
<NET-ASSETS>                                   9,103,927
<DIVIDEND-INCOME>                                 88,596
<INTEREST-INCOME>                                  9,006
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                    27,695
<NET-INVESTMENT-INCOME>                           69,907
<REALIZED-GAINS-CURRENT>                       1,342,413
<APPREC-INCREASE-CURRENT>                       (271,856)
<NET-CHANGE-FROM-OPS>                          1,140,464
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                        (60,981)
<DISTRIBUTIONS-OF-GAINS>                        (574,148)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                          422,178
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                               30,330
<NET-CHANGE-IN-ASSETS>                         9,103,425
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                         16,712,773
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                               21,047,746
<AVERAGE-NET-ASSETS>                           4,511,338
<PER-SHARE-NAV-BEGIN>                              18.97
<PER-SHARE-NII>                                     0.20
<PER-SHARE-GAIN-APPREC>                             2.88
<PER-SHARE-DIVIDEND>                               (0.19)
<PER-SHARE-DISTRIBUTIONS>                          (1.74)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                20.12
<EXPENSE-RATIO>                                     0.61
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER01CL2

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>      2
   <NAME>       Core Fund, Class II
       
                                 
<PERIOD-TYPE>                       YEAR
<FISCAL-YEAR-END>                  FEB-28-1997
<PERIOD-END>                       FEB-28-1997
<INVESTMENTS-AT-COST>                      2,834,876,598
<INVESTMENTS-AT-VALUE>                     3,244,109,527
<RECEIVABLES>                                 89,379,541
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                             3,333,489,068
<PAYABLE-FOR-SECURITIES>                      29,603,864
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                    178,673,589
<TOTAL-LIABILITIES>                          208,277,453
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                   2,143,345,946
<SHARES-COMMON-STOCK>                          3,221,403
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                      5,378,592
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                      574,552,558
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                     401,934,519
<NET-ASSETS>                                  64,763,264
<DIVIDEND-INCOME>                                544,233
<INTEREST-INCOME>                                 73,296
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                   156,644
<NET-INVESTMENT-INCOME>                          460,885
<REALIZED-GAINS-CURRENT>                       9,444,324
<APPREC-INCREASE-CURRENT>                     (3,639,561)
<NET-CHANGE-FROM-OPS>                          6,265,648
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                       (622,038)
<DISTRIBUTIONS-OF-GAINS>                      (6,542,685)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                        2,843,284
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                              378,119
<NET-CHANGE-IN-ASSETS>                        64,760,514
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                         16,712,773
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                               21,047,746
<AVERAGE-NET-ASSETS>                          28,292,900
<PER-SHARE-NAV-BEGIN>                              20.12
<PER-SHARE-NII>                                     0.25
<PER-SHARE-GAIN-APPREC>                             2.92
<PER-SHARE-DIVIDEND>                               (0.30)
<PER-SHARE-DISTRIBUTIONS>                          (2.89)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                20.10
<EXPENSE-RATIO>                                     0.55
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER01CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 3
   <NAME>  Core Fund, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                    2,834,876,598
<INVESTMENTS-AT-VALUE>                   3,244,109,527
<RECEIVABLES>                               89,379,541
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           3,333,489,068
<PAYABLE-FOR-SECURITIES>                    29,603,864
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                  178,673,589
<TOTAL-LIABILITIES>                        208,277,453
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 2,143,345,946
<SHARES-COMMON-STOCK>                      151,675,682
<SHARES-COMMON-PRIOR>                      163,404,368
<ACCUMULATED-NII-CURRENT>                    5,378,592
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    574,552,558
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   401,934,519
<NET-ASSETS>                             3,051,344,424
<DIVIDEND-INCOME>                           62,650,121
<INTEREST-INCOME>                            8,500,826
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              15,121,138
<NET-INVESTMENT-INCOME>                     56,029,808
<REALIZED-GAINS-CURRENT>                   846,375,434
<APPREC-INCREASE-CURRENT>                 (268,588,430)
<NET-CHANGE-FROM-OPS>                      633,816,812
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (60,383,941)
<DISTRIBUTIONS-OF-GAINS>                  (430,596,024)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     15,209,862
<NUMBER-OF-SHARES-REDEEMED>                 51,595,821
<SHARES-REINVESTED>                         24,657,273
<NET-CHANGE-IN-ASSETS>                    (127,966,644)
<ACCUMULATED-NII-PRIOR>                      9,884,952
<ACCUMULATED-GAINS-PRIOR>                  180,108,269
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                       16,712,773
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             21,047,746
<AVERAGE-NET-ASSETS>                     3,150,581,167
<PER-SHARE-NAV-BEGIN>                            19.46
<PER-SHARE-NII>                                   0.36
<PER-SHARE-GAIN-APPREC>                           3.58
<PER-SHARE-DIVIDEND>                             (0.39)
<PER-SHARE-DISTRIBUTIONS>                        (2.89)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              20.12
<EXPENSE-RATIO>                                   0.48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00

        

 

EX-27.SER04

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>   4
   <NAME>  Growth Fund
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        211,728,806
<INVESTMENTS-AT-VALUE>                       239,342,311
<RECEIVABLES>                                 24,936,721
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               264,279,032
<PAYABLE-FOR-SECURITIES>                       2,754,333
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     17,341,267
<TOTAL-LIABILITIES>                           20,095,600
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     165,406,143
<SHARES-COMMON-STOCK>                         47,135,740
<SHARES-COMMON-PRIOR>                         69,297,026
<ACCUMULATED-NII-CURRENT>                        668,129
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                       52,453,021
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      25,656,139
<NET-ASSETS>                                 244,183,432
<DIVIDEND-INCOME>                              4,553,136
<INTEREST-INCOME>                                983,575
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                 1,572,470
<NET-INVESTMENT-INCOME>                        3,964,241
<REALIZED-GAINS-CURRENT>                     108,934,644
<APPREC-INCREASE-CURRENT>                    (50,479,915)
<NET-CHANGE-FROM-OPS>                         62,418,970
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                     (4,363,604)
<DISTRIBUTIONS-OF-GAINS>                     (77,849,380)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                        2,041,337
<NUMBER-OF-SHARES-REDEEMED>                  (39,536,755)
<SHARES-REINVESTED>                           15,334,132
<NET-CHANGE-IN-ASSETS>                      (147,182,481)
<ACCUMULATED-NII-PRIOR>                        1,067,492
<ACCUMULATED-GAINS-PRIOR>                     24,019,748
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          1,637,804
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                2,134,235
<AVERAGE-NET-ASSETS>                         327,560,774
<PER-SHARE-NAV-BEGIN>                               5.65
<PER-SHARE-NII>                                     0.07
<PER-SHARE-GAIN-APPREC>                             1.03
<PER-SHARE-DIVIDEND>                               (0.08)
<PER-SHARE-DISTRIBUTIONS>                          (1.49)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                 5.18
<EXPENSE-RATIO>                                     0.48
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER08

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>   5
   <NAME>  Value Fund
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        416,905,731
<INVESTMENTS-AT-VALUE>                       476,157,102
<RECEIVABLES>                                 22,751,383
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               498,908,485
<PAYABLE-FOR-SECURITIES>                       2,239,551
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     27,077,572
<TOTAL-LIABILITIES>                           29,317,123
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     375,404,716
<SHARES-COMMON-STOCK>                         31,629,482
<SHARES-COMMON-PRIOR>                         22,292,408
<ACCUMULATED-NII-CURRENT>                      1,263,932
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                       34,051,747
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      58,870,967
<NET-ASSETS>                                 469,591,362
<DIVIDEND-INCOME>                              8,900,987
<INTEREST-INCOME>                                887,729
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                 2,145,869
<NET-INVESTMENT-INCOME>                        7,642,847
<REALIZED-GAINS-CURRENT>                      62,774,750
<APPREC-INCREASE-CURRENT>                     (1,146,140)
<NET-CHANGE-FROM-OPS>                         69,271,457
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                     (7,540,588)
<DISTRIBUTIONS-OF-GAINS>                     (44,759,234)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                        9,674,742
<NUMBER-OF-SHARES-REDEEMED>                   (3,824,235)
<SHARES-REINVESTED>                            3,486,567
<NET-CHANGE-IN-ASSETS>                       151,979,513
<ACCUMULATED-NII-PRIOR>                        1,384,221
<ACCUMULATED-GAINS-PRIOR>                     18,914,947
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          2,462,093
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                3,017,367
<AVERAGE-NET-ASSETS>                         351,727,605
<PER-SHARE-NAV-BEGIN>                              14.25
<PER-SHARE-NII>                                     0.31
<PER-SHARE-GAIN-APPREC>                             2.47
<PER-SHARE-DIVIDEND>                               (0.32)
<PER-SHARE-DISTRIBUTIONS>                          (1.86)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                14.85
<EXPENSE-RATIO>                                     0.61
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER06

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>   6
   <NAME>  Short Term Income Fund
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                         40,427,721
<INVESTMENTS-AT-VALUE>                        40,374,864
<RECEIVABLES>                                    599,517
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                                40,974,381
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                         37,444
<TOTAL-LIABILITIES>                               37,444
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                      40,679,507
<SHARES-COMMON-STOCK>                          4,187,806
<SHARES-COMMON-PRIOR>                          1,132,734
<ACCUMULATED-NII-CURRENT>                        328,181
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                          (17,894)
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                         (52,857)
<NET-ASSETS>                                  40,936,937
<DIVIDEND-INCOME>                                      0
<INTEREST-INCOME>                              1,679,824
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                    54,837
<NET-INVESTMENT-INCOME>                        1,624,987
<REALIZED-GAINS-CURRENT>                          76,160
<APPREC-INCREASE-CURRENT>                        (75,627)
<NET-CHANGE-FROM-OPS>                          1,625,520
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                     (1,442,981)
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                        9,668,234
<NUMBER-OF-SHARES-REDEEMED>                   (6,721,285)
<SHARES-REINVESTED>                              108,123
<NET-CHANGE-IN-ASSETS>                        29,870,912
<ACCUMULATED-NII-PRIOR>                          146,175
<ACCUMULATED-GAINS-PRIOR>                        (94,054)
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                             69,134
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                  148,518
<AVERAGE-NET-ASSETS>                          27,653,389
<PER-SHARE-NAV-BEGIN>                               9.77
<PER-SHARE-NII>                                     0.47
<PER-SHARE-GAIN-APPREC>                             0.06
<PER-SHARE-DIVIDEND>                               (0.52)
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                 9.78
<EXPENSE-RATIO>                                     0.20
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER03CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 7
   <NAME>  International Core Fund, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                      4,418,907,005
<INVESTMENTS-AT-VALUE>                     4,712,893,968
<RECEIVABLES>                                218,440,617
<ASSETS-OTHER>                                10,392,499
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                             4,941,727,084
<PAYABLE-FOR-SECURITIES>                     100,587,432
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                    582,692,361
<TOTAL-LIABILITIES>                          683,279,793
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                   3,883,061,264
<SHARES-COMMON-STOCK>                              8,554
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                      9,222,649
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                       81,342,864
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                     284,820,514
<NET-ASSETS>                                     208,388
<DIVIDEND-INCOME>                                  1,546
<INTEREST-INCOME>                                    327
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                       810
<NET-INVESTMENT-INCOME>                            1,063
<REALIZED-GAINS-CURRENT>                          23,189
<APPREC-INCREASE-CURRENT>                         (4,236)
<NET-CHANGE-FROM-OPS>                             20,015
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                         (2,078)
<DISTRIBUTIONS-OF-GAINS>                          (8,575)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                            8,196
<NUMBER-OF-SHARES-REDEEMED>                          (82)
<SHARES-REINVESTED>                                  440
<NET-CHANGE-IN-ASSETS>                           208,388
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                         33,112,051
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                               42,428,566
<AVERAGE-NET-ASSETS>                              94,946
<PER-SHARE-NAV-BEGIN>                              24.17
<PER-SHARE-NII>                                     0.14
<PER-SHARE-GAIN-APPREC>                             1.38
<PER-SHARE-DIVIDEND>                               (0.26)
<PER-SHARE-DISTRIBUTIONS>                          (1.07)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                24.36
<EXPENSE-RATIO>                                     0.85
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER03CL2

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>      8
   <NAME>       Core Fund, Class II
       
                                 
<PERIOD-TYPE>                       YEAR
<FISCAL-YEAR-END>                  FEB-28-1997
<PERIOD-END>                       FEB-28-1997
<INVESTMENTS-AT-COST>                      4,418,907,005
<INVESTMENTS-AT-VALUE>                     4,712,893,968
<RECEIVABLES>                                218,440,617
<ASSETS-OTHER>                                10,392,499
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                             4,941,727,084
<PAYABLE-FOR-SECURITIES>                     100,587,432
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                    582,692,361
<TOTAL-LIABILITIES>                          683,279,793
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                   3,883,061,264
<SHARES-COMMON-STOCK>                          1,038,814
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                      9,222,649
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                       81,342,864
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                     284,820,514
<NET-ASSETS>                                  25,302,379
<DIVIDEND-INCOME>                                140,475
<INTEREST-INCOME>                                 31,850
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                    77,178
<NET-INVESTMENT-INCOME>                           95,147
<REALIZED-GAINS-CURRENT>                         486,960
<APPREC-INCREASE-CURRENT>                        (88,959)
<NET-CHANGE-FROM-OPS>                            493,148
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                       (231,954)
<DISTRIBUTIONS-OF-GAINS>                        (932,158)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                          990,710
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                               48,104
<NET-CHANGE-IN-ASSETS>                        25,302,379
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                         33,112,051
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                               42,428,566
<AVERAGE-NET-ASSETS>                           9,683,903
<PER-SHARE-NAV-BEGIN>                              24.60
<PER-SHARE-NII>                                     0.14
<PER-SHARE-GAIN-APPREC>                             0.96
<PER-SHARE-DIVIDEND>                               (0.27)
<PER-SHARE-DISTRIBUTIONS>                          (1.07)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                24.36
<EXPENSE-RATIO>                                     0.80
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER03CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 9
   <NAME>  Core Fund, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                    4,418,907,005
<INVESTMENTS-AT-VALUE>                   4,712,893,968
<RECEIVABLES>                              218,440,617
<ASSETS-OTHER>                              10,392,499
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           4,941,727,084
<PAYABLE-FOR-SECURITIES>                   100,587,432
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                  582,692,361
<TOTAL-LIABILITIES>                        683,279,793
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 3,883,061,264
<SHARES-COMMON-STOCK>                      173,673,156
<SHARES-COMMON-PRIOR>                      184,341,225
<ACCUMULATED-NII-CURRENT>                    9,222,649
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     81,342,864
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   284,820,514
<NET-ASSETS>                             4,232,936,524
<DIVIDEND-INCOME>                          116,613,007
<INTEREST-INCOME>                           17,495,917
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              31,155,356
<NET-INVESTMENT-INCOME>                    102,953,568
<REALIZED-GAINS-CURRENT>                   231,375,507
<APPREC-INCREASE-CURRENT>                  (42,268,319)
<NET-CHANGE-FROM-OPS>                      292,060,756
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (56,618,907)
<DISTRIBUTIONS-OF-GAINS>                  (264,270,135)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     26,694,331
<NUMBER-OF-SHARES-REDEEMED>                (49,513,521)
<SHARES-REINVESTED>                         12,151,121
<NET-CHANGE-IN-ASSETS>                    (304,099,699)
<ACCUMULATED-NII-PRIOR>                     (5,469,509)
<ACCUMULATED-GAINS-PRIOR>                   94,418,541
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                       33,112,051
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             42,428,566
<AVERAGE-NET-ASSETS>                     4,405,219,795
<PER-SHARE-NAV-BEGIN>                            24.62
<PER-SHARE-NII>                                   0.59
<PER-SHARE-GAIN-APPREC>                           1.02
<PER-SHARE-DIVIDEND>                             (0.33)
<PER-SHARE-DISTRIBUTIONS>                        (1.53)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              24.37
<EXPENSE-RATIO>                                   0.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER07

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>   10
   <NAME>  Japan Fund
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        282,627,512
<INVESTMENTS-AT-VALUE>                       235,443,876
<RECEIVABLES>                                    998,956
<ASSETS-OTHER>                                21,261,992
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               257,704,824
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     38,907,900
<TOTAL-LIABILITIES>                           38,907,900
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     267,726,217
<SHARES-COMMON-STOCK>                         31,179,725
<SHARES-COMMON-PRIOR>                         14,792,650
<ACCUMULATED-NII-CURRENT>                              0
<OVERDISTRIBUTION-NII>                          (564,380)
<ACCUMULATED-NET-GAINS>                         (103,886)
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                     (48,261,027)
<NET-ASSETS>                                 218,796,924
<DIVIDEND-INCOME>                              1,126,123
<INTEREST-INCOME>                                357,027
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                 1,459,156
<NET-INVESTMENT-INCOME>                           23,994
<REALIZED-GAINS-CURRENT>                      (1,918,375)
<APPREC-INCREASE-CURRENT>                    (46,708,941)
<NET-CHANGE-FROM-OPS>                        (48,603,322)
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                        (36,409)
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                       22,172,884
<NUMBER-OF-SHARES-REDEEMED>                   (5,789,470)
<SHARES-REINVESTED>                                3,661
<NET-CHANGE-IN-ASSETS>                        92,689,965
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                         (189,728)
<OVERDIST-NET-GAINS-PRIOR>                      (127,763)
<GROSS-ADVISORY-FEES>                          1,566,406
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                2,201,663
<AVERAGE-NET-ASSETS>                         208,854,175
<PER-SHARE-NAV-BEGIN>                               8.52
<PER-SHARE-NII>                                     0.00
<PER-SHARE-GAIN-APPREC>                            (1.50)
<PER-SHARE-DIVIDEND>                                0.00
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                 7.02
<EXPENSE-RATIO>                                     0.70
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER09

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>   11
   <NAME>  Tobacco Free Core Fund
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                         62,440,776
<INVESTMENTS-AT-VALUE>                        68,125,477
<RECEIVABLES>                                  1,782,400
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                                69,907,877
<PAYABLE-FOR-SECURITIES>                         789,613
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                      2,857,829
<TOTAL-LIABILITIES>                            3,647,442
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                      49,503,672
<SHARES-COMMON-STOCK>                          5,106,204
<SHARES-COMMON-PRIOR>                          4,444,322
<ACCUMULATED-NII-CURRENT>                        165,058
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                       11,004,259
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                       5,587,446
<NET-ASSETS>                                  66,260,435
<DIVIDEND-INCOME>                              1,127,362
<INTEREST-INCOME>                                220,808
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                   280,132
<NET-INVESTMENT-INCOME>                        1,068,038
<REALIZED-GAINS-CURRENT>                      17,195,664
<APPREC-INCREASE-CURRENT>                     (6,109,720)
<NET-CHANGE-FROM-OPS>                         12,153,982
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                     (1,070,308)
<DISTRIBUTIONS-OF-GAINS>                     (10,440,389)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                        1,730,490
<NUMBER-OF-SHARES-REDEEMED>                   (2,002,361)
<SHARES-REINVESTED>                              933,753
<NET-CHANGE-IN-ASSETS>                         8,775,420
<ACCUMULATED-NII-PRIOR>                          167,328
<ACCUMULATED-GAINS-PRIOR>                      4,248,984
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                            291,746
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                  463,957
<AVERAGE-NET-ASSETS>                          58,349,155
<PER-SHARE-NAV-BEGIN>                              12.93
<PER-SHARE-NII>                                     0.24
<PER-SHARE-GAIN-APPREC>                             2.41
<PER-SHARE-DIVIDEND>                               (0.24)
<PER-SHARE-DISTRIBUTIONS>                          (2.36)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                12.98
<EXPENSE-RATIO>                                     0.48
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER10

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>  12
   <NAME>  Fundamental Value Fund
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        184,341,071
<INVESTMENTS-AT-VALUE>                       243,821,578
<RECEIVABLES>                                  1,355,477
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               245,177,055
<PAYABLE-FOR-SECURITIES>                         295,700
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     12,298,131
<TOTAL-LIABILITIES>                           12,593,831
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     162,849,002
<SHARES-COMMON-STOCK>                         14,246,178
<SHARES-COMMON-PRIOR>                         14,123,445
<ACCUMULATED-NII-CURRENT>                        938,206
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                        9,315,509
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      59,480,507
<NET-ASSETS>                                 232,583,224
<DIVIDEND-INCOME>                              6,026,703
<INTEREST-INCOME>                                259,649
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                 1,628,003
<NET-INVESTMENT-INCOME>                        4,658,349
<REALIZED-GAINS-CURRENT>                      18,434,364
<APPREC-INCREASE-CURRENT>                     17,227,189
<NET-CHANGE-FROM-OPS>                         40,319,902
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                     (4,445,572)
<DISTRIBUTIONS-OF-GAINS>                     (17,043,498)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                            7,028
<NUMBER-OF-SHARES-REDEEMED>                   (1,045,307)
<SHARES-REINVESTED>                            1,161,012
<NET-CHANGE-IN-ASSETS>                        20,154,878
<ACCUMULATED-NII-PRIOR>                          875,858
<ACCUMULATED-GAINS-PRIOR>                      7,774,215
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          1,627,950
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                1,975,375
<AVERAGE-NET-ASSETS>                         217,060,018
<PER-SHARE-NAV-BEGIN>                              15.04
<PER-SHARE-NII>                                     0.33
<PER-SHARE-GAIN-APPREC>                             2.53
<PER-SHARE-DIVIDEND>                               (0.32)
<PER-SHARE-DISTRIBUTIONS>                          (1.25)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                16.33
<EXPENSE-RATIO>                                     0.75
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER13

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>  13
   <NAME>  International Small Companies Fund, Class III
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        235,747,464
<INVESTMENTS-AT-VALUE>                       253,361,936
<RECEIVABLES>                                  4,437,426
<ASSETS-OTHER>                                 1,406,852
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               259,206,214
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     23,553,410
<TOTAL-LIABILITIES>                           23,553,410
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     219,016,578
<SHARES-COMMON-STOCK>                         17,508,892
<SHARES-COMMON-PRIOR>                         16,902,821
<ACCUMULATED-NII-CURRENT>                              0
<OVERDISTRIBUTION-NII>                          (655,418)
<ACCUMULATED-NET-GAINS>                       (2,135,553)
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      19,427,197
<NET-ASSETS>                                 235,652,804
<DIVIDEND-INCOME>                              4,644,071
<INTEREST-INCOME>                              1,164,591
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                 1,754,098
<NET-INVESTMENT-INCOME>                        4,054,564
<REALIZED-GAINS-CURRENT>                      (6,729,282)
<APPREC-INCREASE-CURRENT>                     15,655,726
<NET-CHANGE-FROM-OPS>                         12,981,008
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                     (1,160,606)
<DISTRIBUTIONS-OF-GAINS>                      (3,403,369)
<DISTRIBUTIONS-OTHER>                            (30,591)
<NUMBER-OF-SHARES-SOLD>                        1,509,544
<NUMBER-OF-SHARES-REDEEMED>                   (1,205,784)
<SHARES-REINVESTED>                              302,311
<NET-CHANGE-IN-ASSETS>                        16,689,074
<ACCUMULATED-NII-PRIOR>                          476,295
<ACCUMULATED-GAINS-PRIOR>                      3,752,355
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          2,889,159
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                3,587,593
<AVERAGE-NET-ASSETS>                         231,112,638
<PER-SHARE-NAV-BEGIN>                              12.95
<PER-SHARE-NII>                                     0.23
<PER-SHARE-GAIN-APPREC>                             0.55
<PER-SHARE-DIVIDEND>                               (0.07)
<PER-SHARE-DISTRIBUTIONS>                          (0.20)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                13.46
<EXPENSE-RATIO>                                     0.76
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER11CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 14
   <NAME>  Small Cap Value Fund, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        528,492,698
<INVESTMENTS-AT-VALUE>                       558,191,970
<RECEIVABLES>                                 53,886,419
<ASSETS-OTHER>                                92,036,693
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               704,115,082
<PAYABLE-FOR-SECURITIES>                       9,879,807
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     37,471,262
<TOTAL-LIABILITIES>                           47,351,069
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     600,032,715
<SHARES-COMMON-STOCK>                             87,565
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                      2,331,429
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                       26,700,127
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      27,699,742
<NET-ASSETS>                                   1,391,447
<DIVIDEND-INCOME>                                  2,523
<INTEREST-INCOME>                                  2,835
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                     1,314
<NET-INVESTMENT-INCOME>                            4,044
<REALIZED-GAINS-CURRENT>                          47,313
<APPREC-INCREASE-CURRENT>                         (3,943)
<NET-CHANGE-FROM-OPS>                             47,414
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                              0
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                           87,565
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                                    0
<NET-CHANGE-IN-ASSETS>                         1,391,447
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          1,948,526
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                2,632,712
<AVERAGE-NET-ASSETS>                             216,415
<PER-SHARE-NAV-BEGIN>                              15.34
<PER-SHARE-NII>                                     0.05
<PER-SHARE-GAIN-APPREC>                             0.50
<PER-SHARE-DIVIDEND>                                0.00
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                15.89
<EXPENSE-RATIO>                                     0.61
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER11CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 15
   <NAME>  Small Cap Value Fund, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                      528,492,698
<INVESTMENTS-AT-VALUE>                     558,191,970
<RECEIVABLES>                               53,886,419
<ASSETS-OTHER>                              92,036,693
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             704,115,082
<PAYABLE-FOR-SECURITIES>                     9,879,807
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   37,471,262
<TOTAL-LIABILITIES>                         47,351,069
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   600,032,715
<SHARES-COMMON-STOCK>                       41,234,772
<SHARES-COMMON-PRIOR>                       16,666,567
<ACCUMULATED-NII-CURRENT>                    2,331,429
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     26,700,127
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    27,699,742
<NET-ASSETS>                               655,372,566
<DIVIDEND-INCOME>                            5,042,694
<INTEREST-INCOME>                            5,215,899
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,869,445
<NET-INVESTMENT-INCOME>                      8,389,148
<REALIZED-GAINS-CURRENT>                    48,170,137
<APPREC-INCREASE-CURRENT>                    7,282,971
<NET-CHANGE-FROM-OPS>                       63,842,256
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (6,723,900)
<DISTRIBUTIONS-OF-GAINS>                    (9,617,877)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     36,443,463
<NUMBER-OF-SHARES-REDEEMED>                (12,721,369)
<SHARES-REINVESTED>                            846,111
<NET-CHANGE-IN-ASSETS>                     423,839,135
<ACCUMULATED-NII-PRIOR>                        686,982
<ACCUMULATED-GAINS-PRIOR>                    4,220,996
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,948,526
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,632,712
<AVERAGE-NET-ASSETS>                       389,492,398
<PER-SHARE-NAV-BEGIN>                            13.89
<PER-SHARE-NII>                                   0.28
<PER-SHARE-GAIN-APPREC>                           2.32
<PER-SHARE-DIVIDEND>                             (0.27)
<PER-SHARE-DISTRIBUTIONS>                        (0.33)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              15.89
<EXPENSE-RATIO>                                   0.48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER14

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 16
   <NAME>  U.S. Sector Fund, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        190,658,093
<INVESTMENTS-AT-VALUE>                       206,929,608
<RECEIVABLES>                                  2,917,534
<ASSETS-OTHER>                                27,222,103
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               237,069,245
<PAYABLE-FOR-SECURITIES>                       1,974,041
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                      7,027,679
<TOTAL-LIABILITIES>                            9,001,720
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     164,450,814
<SHARES-COMMON-STOCK>                            104,149
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                      1,418,165
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                       46,503,127
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      15,695,419
<NET-ASSETS>                                   1,356,604
<DIVIDEND-INCOME>                                 12,713
<INTEREST-INCOME>                                  2,892
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                     3,720
<NET-INVESTMENT-INCOME>                           11,886
<REALIZED-GAINS-CURRENT>                         222,204
<APPREC-INCREASE-CURRENT>                        (29,052)
<NET-CHANGE-FROM-OPS>                            205,037
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                         (8,397)
<DISTRIBUTIONS-OF-GAINS>                         (85,607)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                           97,467
<NUMBER-OF-SHARES-REDEEMED>                         (928)
<SHARES-REINVESTED>                                7,610
<NET-CHANGE-IN-ASSETS>                         1,356,604
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          1,138,768
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                1,551,293
<AVERAGE-NET-ASSETS>                             602,941
<PER-SHARE-NAV-BEGIN>                              11.78
<PER-SHARE-NII>                                     0.12
<PER-SHARE-GAIN-APPREC>                             2.10
<PER-SHARE-DIVIDEND>                               (0.09)
<PER-SHARE-DISTRIBUTIONS>                          (0.88)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                13.03
<EXPENSE-RATIO>                                     0.61
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER14CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 17
   <NAME>  U.S. Sector Fund, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                      190,658,093
<INVESTMENTS-AT-VALUE>                     206,929,608
<RECEIVABLES>                                2,917,534
<ASSETS-OTHER>                              27,222,103
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             237,069,245
<PAYABLE-FOR-SECURITIES>                     1,974,041
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    7,027,679
<TOTAL-LIABILITIES>                          9,001,720
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   164,450,814
<SHARES-COMMON-STOCK>                       17,394,941
<SHARES-COMMON-PRIOR>                       15,503,866
<ACCUMULATED-NII-CURRENT>                    1,418,165
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     46,503,127
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    15,695,419
<NET-ASSETS>                               226,710,921
<DIVIDEND-INCOME>                            4,695,980
<INTEREST-INCOME>                            1,035,912
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,112,643
<NET-INVESTMENT-INCOME>                      4,619,249
<REALIZED-GAINS-CURRENT>                    65,448,327
<APPREC-INCREASE-CURRENT>                  (21,056,027)
<NET-CHANGE-FROM-OPS>                       49,011,549
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (3,967,362)
<DISTRIBUTIONS-OF-GAINS>                   (51,735,148)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      7,570,612
<NUMBER-OF-SHARES-REDEEMED>                 (8,749,092)
<SHARES-REINVESTED>                          3,069,555
<NET-CHANGE-IN-ASSETS>                      15,392,205
<ACCUMULATED-NII-PRIOR>                        774,923
<ACCUMULATED-GAINS-PRIOR>                   32,641,217
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,138,768
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,551,293
<AVERAGE-NET-ASSETS>                       231,798,876
<PER-SHARE-NAV-BEGIN>                            13.63
<PER-SHARE-NII>                                   0.26
<PER-SHARE-GAIN-APPREC>                           2.20
<PER-SHARE-DIVIDEND>                             (0.22)
<PER-SHARE-DISTRIBUTIONS>                        (2.84)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              13.03
<EXPENSE-RATIO>                                   0.48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER16

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>  18
   <NAME>  International Bond Fund
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        222,522,917
<INVESTMENTS-AT-VALUE>                       233,612,496
<RECEIVABLES>                                 18,096,616
<ASSETS-OTHER>                                 3,586,173
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               255,295,285
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     19,512,162
<TOTAL-LIABILITIES>                           19,512,162
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     224,754,636
<SHARES-COMMON-STOCK>                         21,873,511
<SHARES-COMMON-PRIOR>                         17,765,600
<ACCUMULATED-NII-CURRENT>                      5,273,327
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                          786,358
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                       4,968,802
<NET-ASSETS>                                 235,783,123
<DIVIDEND-INCOME>                                      0
<INTEREST-INCOME>                             15,566,242
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                   849,645
<NET-INVESTMENT-INCOME>                       14,716,597
<REALIZED-GAINS-CURRENT>                      15,665,683
<APPREC-INCREASE-CURRENT>                     (7,800,186)
<NET-CHANGE-FROM-OPS>                         22,582,094
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                    (15,718,077)
<DISTRIBUTIONS-OF-GAINS>                     (13,620,420)
<DISTRIBUTIONS-OTHER>                         (1,283,257)
<NUMBER-OF-SHARES-SOLD>                        9,398,594
<NUMBER-OF-SHARES-REDEEMED>                   (7,421,298)
<SHARES-REINVESTED>                            2,130,615
<NET-CHANGE-IN-ASSETS>                        41,862,807
<ACCUMULATED-NII-PRIOR>                        4,884,754
<ACCUMULATED-GAINS-PRIOR>                      1,966,474
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                            849,645
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                1,343,212
<AVERAGE-NET-ASSETS>                         212,410,377
<PER-SHARE-NAV-BEGIN>                              10.92
<PER-SHARE-NII>                                     0.71
<PER-SHARE-GAIN-APPREC>                             0.65
<PER-SHARE-DIVIDEND>                               (0.81)
<PER-SHARE-DISTRIBUTIONS>                          (0.69)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                10.78
<EXPENSE-RATIO>                                     0.40
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER27

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>  19
   <NAME>  Small Cap Growth Fund
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        177,435,881
<INVESTMENTS-AT-VALUE>                       174,317,226
<RECEIVABLES>                                    221,953
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               174,539,179
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     14,641,078
<TOTAL-LIABILITIES>                           14,641,078
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     163,108,546
<SHARES-COMMON-STOCK>                         16,278,745
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                        173,151
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                           18,414
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      (3,402,010)
<NET-ASSETS>                                 159,898,101
<DIVIDEND-INCOME>                                200,679
<INTEREST-INCOME>                                 91,604
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                   119,132
<NET-INVESTMENT-INCOME>                          173,151
<REALIZED-GAINS-CURRENT>                          18,414
<APPREC-INCREASE-CURRENT>                     (3,402,010)
<NET-CHANGE-FROM-OPS>                         (3,210,445)
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                              0
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                       16,278,745
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                                    0
<NET-CHANGE-IN-ASSETS>                       159,898,101
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                            124,256
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                  224,542
<AVERAGE-NET-ASSETS>                          24,851,257
<PER-SHARE-NAV-BEGIN>                              10.00
<PER-SHARE-NII>                                     0.01
<PER-SHARE-GAIN-APPREC>                            (0.19)
<PER-SHARE-DIVIDEND>                                0.00
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                 9.82
<EXPENSE-RATIO>                                     0.48
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER05

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>   20
   <NAME>  Pelican Fund
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        147,421,574
<INVESTMENTS-AT-VALUE>                       207,291,617
<RECEIVABLES>                                    764,789
<ASSETS-OTHER>                                       965
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               208,057,371
<PAYABLE-FOR-SECURITIES>                         369,625
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                        318,878
<TOTAL-LIABILITIES>                              688,503
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     141,348,438
<SHARES-COMMON-STOCK>                         12,714,161
<SHARES-COMMON-PRIOR>                         12,204,124
<ACCUMULATED-NII-CURRENT>                      1,473,363
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                        4,677,024
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      59,870,043
<NET-ASSETS>                                 207,368,868
<DIVIDEND-INCOME>                              3,665,356
<INTEREST-INCOME>                              2,141,973
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                 1,811,831
<NET-INVESTMENT-INCOME>                        3,995,498
<REALIZED-GAINS-CURRENT>                       9,036,632
<APPREC-INCREASE-CURRENT>                     19,894,742
<NET-CHANGE-FROM-OPS>                         32,926,872
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                     (3,383,491)
<DISTRIBUTIONS-OF-GAINS>                      (6,758,143)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                        1,487,108
<NUMBER-OF-SHARES-REDEEMED>                   (1,610,011)
<SHARES-REINVESTED>                              632,940
<NET-CHANGE-IN-ASSETS>                        30,130,575
<ACCUMULATED-NII-PRIOR>                          646,595
<ACCUMULATED-GAINS-PRIOR>                      2,613,296
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          1,716,394
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                1,973,841
<AVERAGE-NET-ASSETS>                         190,710,478
<PER-SHARE-NAV-BEGIN>                              14.52
<PER-SHARE-NII>                                     0.33
<PER-SHARE-GAIN-APPREC>                             2.27
<PER-SHARE-DIVIDEND>                               (0.27)
<PER-SHARE-DISTRIBUTIONS>                          (0.54)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                16.31
<EXPENSE-RATIO>                                     0.95
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER15CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 21
   <NAME>  Emerging Markets Fund, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                      1,580,975,586
<INVESTMENTS-AT-VALUE>                     1,719,264,364
<RECEIVABLES>                                 23,813,661
<ASSETS-OTHER>                                 9,806,707
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                             1,752,884,732
<PAYABLE-FOR-SECURITIES>                      21,138,838
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                      4,346,903
<TOTAL-LIABILITIES>                           25,485,741
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                   1,552,555,011
<SHARES-COMMON-STOCK>                            140,068
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                     11,553,963
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                       16,823,333
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                     146,466,684
<NET-ASSETS>                                   1,747,646
<DIVIDEND-INCOME>                                  4,553
<INTEREST-INCOME>                                    794
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                     3,495
<NET-INVESTMENT-INCOME>                            1,852
<REALIZED-GAINS-CURRENT>                          10,212
<APPREC-INCREASE-CURRENT>                        148,183
<NET-CHANGE-FROM-OPS>                            160,248
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                              0
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                          140,068
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                                    0
<NET-CHANGE-IN-ASSETS>                         1,747,646
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                         12,541,622
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                               17,741,379
<AVERAGE-NET-ASSETS>                             240,939
<PER-SHARE-NAV-BEGIN>                              10.86
<PER-SHARE-NII>                                     0.01
<PER-SHARE-GAIN-APPREC>                             1.61
<PER-SHARE-DIVIDEND>                                0.00
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                12.48
<EXPENSE-RATIO>                                     1.45
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER15CL2

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>  22
   <NAME>       Emerging Markets Fund, Class II
       
                                 
<PERIOD-TYPE>                       YEAR
<FISCAL-YEAR-END>                  FEB-28-1997
<PERIOD-END>                       FEB-28-1997
<INVESTMENTS-AT-COST>                      1,580,975,586
<INVESTMENTS-AT-VALUE>                     1,719,264,364
<RECEIVABLES>                                 23,813,661
<ASSETS-OTHER>                                 9,806,707
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                             1,752,884,732
<PAYABLE-FOR-SECURITIES>                      21,138,838
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                      4,346,903
<TOTAL-LIABILITIES>                           25,485,741
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                   1,552,555,011
<SHARES-COMMON-STOCK>                                  0
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                     11,553,963
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                       16,823,333
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                     146,466,684
<NET-ASSETS>                                           0
<DIVIDEND-INCOME>                                136,764
<INTEREST-INCOME>                                 24,987
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                    74,728
<NET-INVESTMENT-INCOME>                           87,023
<REALIZED-GAINS-CURRENT>                         196,632
<APPREC-INCREASE-CURRENT>                              0
<NET-CHANGE-FROM-OPS>                            283,655
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                       (178,659)
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                        5,586,262
<NUMBER-OF-SHARES-REDEEMED>                   (5,602,991)
<SHARES-REINVESTED>                               16,729
<NET-CHANGE-IN-ASSETS>                                 0
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                         12,541,622
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                               17,741,379
<AVERAGE-NET-ASSETS>                           5,621,502
<PER-SHARE-NAV-BEGIN>                              10.77
<PER-SHARE-NII>                                     0.05
<PER-SHARE-GAIN-APPREC>                             1.07
<PER-SHARE-DIVIDEND>                               (0.07)
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                11.82
<EXPENSE-RATIO>                                     1.33
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER15CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 23
   <NAME>  Emerging Markets Fund, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                    1,580,975,586
<INVESTMENTS-AT-VALUE>                   1,719,264,364
<RECEIVABLES>                               23,813,661
<ASSETS-OTHER>                               9,806,707
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                           1,752,884,732
<PAYABLE-FOR-SECURITIES>                    21,138,838
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    4,346,903
<TOTAL-LIABILITIES>                         25,485,741
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,552,555,011
<SHARES-COMMON-STOCK>                      138,115,145
<SHARES-COMMON-PRIOR>                       86,054,424
<ACCUMULATED-NII-CURRENT>                   11,553,963
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     16,823,333
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   146,466,684
<NET-ASSETS>                             1,725,651,345
<DIVIDEND-INCOME>                           27,419,232
<INTEREST-INCOME>                            5,482,348
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              15,440,573
<NET-INVESTMENT-INCOME>                     17,461,007
<REALIZED-GAINS-CURRENT>                    47,043,851
<APPREC-INCREASE-CURRENT>                  173,628,394
<NET-CHANGE-FROM-OPS>                      238,133,252
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (15,814,130)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     54,549,584
<NUMBER-OF-SHARES-REDEEMED>                 (3,248,382)
<SHARES-REINVESTED>                            759,519
<NET-CHANGE-IN-ASSETS>                     818,471,825
<ACCUMULATED-NII-PRIOR>                      7,846,974
<ACCUMULATED-GAINS-PRIOR>                  (28,277,467)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                       12,541,622
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             17,741,379
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            10.54
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                           1.96
<PER-SHARE-DIVIDEND>                             (0.14)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.49
<EXPENSE-RATIO>                                   1.24
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER17CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>  24
   <NAME>  Emerging Country Debt Fund, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        390,022,688
<INVESTMENTS-AT-VALUE>                       540,817,801
<RECEIVABLES>                                 44,704,072
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               585,521,873
<PAYABLE-FOR-SECURITIES>                       6,448,211
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     23,585,305
<TOTAL-LIABILITIES>                           30,033,516
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     298,584,032
<SHARES-COMMON-STOCK>                              2,557
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                     21,594,553
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                       73,442,653
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                     161,867,119
<NET-ASSETS>                                      36,016
<DIVIDEND-INCOME>                                      0
<INTEREST-INCOME>                                    281
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                        29
<NET-INVESTMENT-INCOME>                              252
<REALIZED-GAINS-CURRENT>                           3,330
<APPREC-INCREASE-CURRENT>                         (1,674)
<NET-CHANGE-FROM-OPS>                              1,909
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                              0
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                            2,557
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                                    0
<NET-CHANGE-IN-ASSETS>                            36,016
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          3,190,658
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                4,653,965
<AVERAGE-NET-ASSETS>                               4,157
<PER-SHARE-NAV-BEGIN>                              12.87
<PER-SHARE-NII>                                     0.10
<PER-SHARE-GAIN-APPREC>                             1.12
<PER-SHARE-DIVIDEND>                                0.00
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                14.09
<EXPENSE-RATIO>                                     0.71
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER17CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>  25
   <NAME>  Emerging Country Debt Fund, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                      390,022,688
<INVESTMENTS-AT-VALUE>                     540,817,801
<RECEIVABLES>                               44,704,072
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             585,521,873
<PAYABLE-FOR-SECURITIES>                     6,448,211
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   23,585,305
<TOTAL-LIABILITIES>                         30,033,516
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   298,584,032
<SHARES-COMMON-STOCK>                       39,409,825
<SHARES-COMMON-PRIOR>                       52,339,284
<ACCUMULATED-NII-CURRENT>                   21,594,553
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     73,442,653
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   161,867,119
<NET-ASSETS>                               555,452,341
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           56,944,449
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,667,552
<NET-INVESTMENT-INCOME>                     53,276,897
<REALIZED-GAINS-CURRENT>                   223,809,332
<APPREC-INCREASE-CURRENT>                   74,009,583
<NET-CHANGE-FROM-OPS>                      351,095,811
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (60,410,173)
<DISTRIBUTIONS-OF-GAINS>                  (149,956,551)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     11,310,056
<NUMBER-OF-SHARES-REDEEMED>                (38,680,281)
<SHARES-REINVESTED>                         14,440,766
<NET-CHANGE-IN-ASSETS>                     (60,032,702)
<ACCUMULATED-NII-PRIOR>                     13,630,078
<ACCUMULATED-GAINS-PRIOR>                   17,949,090
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,190,658
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,653,965
<AVERAGE-NET-ASSETS>                       638,164,090
<PER-SHARE-NAV-BEGIN>                            11.76
<PER-SHARE-NII>                                   1.48
<PER-SHARE-GAIN-APPREC>                           6.40
<PER-SHARE-DIVIDEND>                             (1.58)
<PER-SHARE-DISTRIBUTIONS>                        (3.97)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              14.09
<EXPENSE-RATIO>                                   0.57
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER18

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>  26
   <NAME>  Global Hedged Equity Fund
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        289,275,216
<INVESTMENTS-AT-VALUE>                       307,625,351
<RECEIVABLES>                                  5,427,446
<ASSETS-OTHER>                                 3,137,564
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               316,190,361
<PAYABLE-FOR-SECURITIES>                       2,625,354
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     16,863,055
<TOTAL-LIABILITIES>                           19,488,409
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     279,467,411
<SHARES-COMMON-STOCK>                         27,760,589
<SHARES-COMMON-PRIOR>                         35,975,948
<ACCUMULATED-NII-CURRENT>                              0
<OVERDISTRIBUTION-NII>                          (927,940)
<ACCUMULATED-NET-GAINS>                        7,873,611
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      10,288,870
<NET-ASSETS>                                 296,701,952
<DIVIDEND-INCOME>                              7,068,302
<INTEREST-INCOME>                              2,607,955
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                 3,036,677
<NET-INVESTMENT-INCOME>                        6,639,580
<REALIZED-GAINS-CURRENT>                      21,603,070
<APPREC-INCREASE-CURRENT>                    (21,597,390)
<NET-CHANGE-FROM-OPS>                          6,645,260
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                     (5,664,462)
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                        2,716,101
<NUMBER-OF-SHARES-REDEEMED>                  (11,267,323)
<SHARES-REINVESTED>                              335,863
<NET-CHANGE-IN-ASSETS>                       (86,231,804)
<ACCUMULATED-NII-PRIOR>                          298,205
<ACCUMULATED-GAINS-PRIOR>                    (15,934,531)
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          2,168,233
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                3,568,350
<AVERAGE-NET-ASSETS>                         333,572,327
<PER-SHARE-NAV-BEGIN>                              10.64
<PER-SHARE-NII>                                     0.24
<PER-SHARE-GAIN-APPREC>                             0.01
<PER-SHARE-DIVIDEND>                               (0.20)
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                10.69
<EXPENSE-RATIO>                                     0.91
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER19CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 27
   <NAME>  Domestic Bond Fund, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        655,741,883
<INVESTMENTS-AT-VALUE>                       655,415,278
<RECEIVABLES>                                  5,413,670
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               660,828,948
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                       86,336,308
<OTHER-ITEMS-LIABILITIES>                        117,188
<TOTAL-LIABILITIES>                           86,453,496
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     571,604,845
<SHARES-COMMON-STOCK>                            357,259
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                      5,703,472
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                         (489,105)
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      (2,326,572)
<NET-ASSETS>                                   3,630,253
<DIVIDEND-INCOME>                                      0
<INTEREST-INCOME>                                 45,651
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                     2,768
<NET-INVESTMENT-INCOME>                           42,883
<REALIZED-GAINS-CURRENT>                         (14,124)
<APPREC-INCREASE-CURRENT>                         20,776
<NET-CHANGE-FROM-OPS>                             49,535
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                        (17,070)
<DISTRIBUTIONS-OF-GAINS>                          (1,958)
<DISTRIBUTIONS-OTHER>                             (2,836)
<NUMBER-OF-SHARES-SOLD>                          385,608
<NUMBER-OF-SHARES-REDEEMED>                      (30,316)
<SHARES-REINVESTED>                                1,967
<NET-CHANGE-IN-ASSETS>                         3,630,253
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          1,112,368
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                1,857,359
<AVERAGE-NET-ASSETS>                             733,402
<PER-SHARE-NAV-BEGIN>                              10.01
<PER-SHARE-NII>                                     0.36
<PER-SHARE-GAIN-APPREC>                             0.13
<PER-SHARE-DIVIDEND>                               (0.29)
<PER-SHARE-DISTRIBUTIONS>                          (0.05)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                10.16
<EXPENSE-RATIO>                                     0.38
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER19CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 28
   <NAME>  Domestic Bond Fund, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                      655,741,883
<INVESTMENTS-AT-VALUE>                     655,415,278
<RECEIVABLES>                                5,413,670
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             660,828,948
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                     86,336,308
<OTHER-ITEMS-LIABILITIES>                      117,188
<TOTAL-LIABILITIES>                         86,453,496
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   571,604,845
<SHARES-COMMON-STOCK>                       56,064,794
<SHARES-COMMON-PRIOR>                       29,888,776
<ACCUMULATED-NII-CURRENT>                    5,703,472
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       (489,105)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    (2,326,572)
<NET-ASSETS>                               570,862,387
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           28,440,108
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,110,361
<NET-INVESTMENT-INCOME>                     27,329,747
<REALIZED-GAINS-CURRENT>                       998,660
<APPREC-INCREASE-CURRENT>                   (3,201,418)
<NET-CHANGE-FROM-OPS>                       25,126,989
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (25,071,527)
<DISTRIBUTIONS-OF-GAINS>                    (5,058,261)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     26,591,731
<NUMBER-OF-SHARES-REDEEMED>                 (2,947,048)
<SHARES-REINVESTED>                          2,531,335
<NET-CHANGE-IN-ASSETS>                     259,913,042
<ACCUMULATED-NII-PRIOR>                      3,439,616
<ACCUMULATED-GAINS-PRIOR>                    3,567,277
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,112,368
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,857,359
<AVERAGE-NET-ASSETS>                       444,213,773
<PER-SHARE-NAV-BEGIN>                            10.40
<PER-SHARE-NII>                                   0.58
<PER-SHARE-GAIN-APPREC>                          (0.09)
<PER-SHARE-DIVIDEND>                             (0.60)
<PER-SHARE-DISTRIBUTIONS>                        (0.11)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.18
<EXPENSE-RATIO>                                   0.25
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER20CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 29
   <NAME>  Currency Hedged International Bond Fund,CL 1
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        429,085,209
<INVESTMENTS-AT-VALUE>                       450,374,884
<RECEIVABLES>                                 52,563,631
<ASSETS-OTHER>                                 6,399,306
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               509,337,821
<PAYABLE-FOR-SECURITIES>                      16,812,715
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     22,383,884
<TOTAL-LIABILITIES>                           39,196,599
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     413,604,897
<SHARES-COMMON-STOCK>                             95,601
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                              0
<OVERDISTRIBUTION-NII>                        (7,695,280)
<ACCUMULATED-NET-GAINS>                       21,692,673
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      42,538,932
<NET-ASSETS>                                   1,162,376
<DIVIDEND-INCOME>                                      0
<INTEREST-INCOME>                                 11,586
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                       953
<NET-INVESTMENT-INCOME>                           10,633
<REALIZED-GAINS-CURRENT>                         (31,649)
<APPREC-INCREASE-CURRENT>                         59,963
<NET-CHANGE-FROM-OPS>                             38,947
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                              0
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                           95,601
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                                    0
<NET-CHANGE-IN-ASSETS>                         1,162,376
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          1,782,864
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                2,576,213
<AVERAGE-NET-ASSETS>                             180,571
<PER-SHARE-NAV-BEGIN>                              11.75
<PER-SHARE-NII>                                     0.11
<PER-SHARE-GAIN-APPREC>                             0.30
<PER-SHARE-DIVIDEND>                                0.00
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                12.16
<EXPENSE-RATIO>                                     0.53
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER20CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 30
   <NAME>Currency Hedged International Bond Fund, Cl 3
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                      429,085,209
<INVESTMENTS-AT-VALUE>                     450,374,884
<RECEIVABLES>                               52,563,631
<ASSETS-OTHER>                               6,399,306
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             509,337,821
<PAYABLE-FOR-SECURITIES>                    16,812,715
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   22,383,884
<TOTAL-LIABILITIES>                         39,196,599
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   413,604,897
<SHARES-COMMON-STOCK>                       38,558,577
<SHARES-COMMON-PRIOR>                       21,628,308
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                      (7,695,280)
<ACCUMULATED-NET-GAINS>                     21,692,673
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    42,538,932
<NET-ASSETS>                               468,978,846
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           25,853,557
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,425,577
<NET-INVESTMENT-INCOME>                     24,427,980
<REALIZED-GAINS-CURRENT>                    37,571,408
<APPREC-INCREASE-CURRENT>                   19,939,588
<NET-CHANGE-FROM-OPS>                       81,938,976
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (20,376,190)
<DISTRIBUTIONS-OF-GAINS>                   (15,129,774)
<DISTRIBUTIONS-OTHER>                      (14,706,753)
<NUMBER-OF-SHARES-SOLD>                     20,865,195
<NUMBER-OF-SHARES-REDEEMED>                 (7,658,494)
<SHARES-REINVESTED>                          3,723,568
<NET-CHANGE-IN-ASSETS>                     232,816,988
<ACCUMULATED-NII-PRIOR>                      2,213,016
<ACCUMULATED-GAINS-PRIOR>                       27,472
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,782,864
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,576,213
<AVERAGE-NET-ASSETS>                       356,358,509
<PER-SHARE-NAV-BEGIN>                            10.92
<PER-SHARE-NII>                                   0.66
<PER-SHARE-GAIN-APPREC>                           2.07
<PER-SHARE-DIVIDEND>                             (0.60)
<PER-SHARE-DISTRIBUTIONS>                        (0.89)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.16
<EXPENSE-RATIO>                                   0.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER21

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>  31
   <NAME>  Currency Hedged International Core Fund
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        599,882,608
<INVESTMENTS-AT-VALUE>                       623,775,960
<RECEIVABLES>                                 23,232,619
<ASSETS-OTHER>                                 6,238,307
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               653,246,886
<PAYABLE-FOR-SECURITIES>                       5,337,815
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     66,809,986
<TOTAL-LIABILITIES>                           72,147,801
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     510,898,081
<SHARES-COMMON-STOCK>                         45,811,127
<SHARES-COMMON-PRIOR>                         35,278,555
<ACCUMULATED-NII-CURRENT>                     31,487,338
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                       14,851,199
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      23,862,467
<NET-ASSETS>                                 581,099,085
<DIVIDEND-INCOME>                             11,592,957
<INTEREST-INCOME>                              3,648,473
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                 3,691,145
<NET-INVESTMENT-INCOME>                       11,550,285
<REALIZED-GAINS-CURRENT>                      56,218,667
<APPREC-INCREASE-CURRENT>                     11,580,140
<NET-CHANGE-FROM-OPS>                         79,349,092
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                    (12,206,199)
<DISTRIBUTIONS-OF-GAINS>                     (18,177,235)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                       16,351,665
<NUMBER-OF-SHARES-REDEEMED>                   (7,998,316)
<SHARES-REINVESTED>                            2,179,223
<NET-CHANGE-IN-ASSETS>                       173,872,507
<ACCUMULATED-NII-PRIOR>                        6,114,326
<ACCUMULATED-GAINS-PRIOR>                      2,838,672
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          3,841,815
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                5,909,297
<AVERAGE-NET-ASSETS>                         512,242,053
<PER-SHARE-NAV-BEGIN>                              11.54
<PER-SHARE-NII>                                     0.22
<PER-SHARE-GAIN-APPREC>                             1.63
<PER-SHARE-DIVIDEND>                               (0.28)
<PER-SHARE-DISTRIBUTIONS>                          (0.43)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                12.68
<EXPENSE-RATIO>                                     0.72
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER22CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 32
   <NAME>  Global Bond Fund, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                         69,738,554
<INVESTMENTS-AT-VALUE>                        70,517,566
<RECEIVABLES>                                  3,746,359
<ASSETS-OTHER>                                   482,673
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                                74,746,598
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                      3,332,288
<TOTAL-LIABILITIES>                            3,332,288
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                      70,139,724
<SHARES-COMMON-STOCK>                             63,582
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                      1,195,168
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                           60,126
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                          19,292
<NET-ASSETS>                                     646,038
<DIVIDEND-INCOME>                                     74
<INTEREST-INCOME>                                  6,093
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                       443
<NET-INVESTMENT-INCOME>                            5,724
<REALIZED-GAINS-CURRENT>                          (1,562)
<APPREC-INCREASE-CURRENT>                         13,028
<NET-CHANGE-FROM-OPS>                             17,190
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                              0
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                           63,582
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                                    0
<NET-CHANGE-IN-ASSETS>                           646,038
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                            220,921
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                  451,388
<AVERAGE-NET-ASSETS>                              94,415
<PER-SHARE-NAV-BEGIN>                              10.30
<PER-SHARE-NII>                                     0.09
<PER-SHARE-GAIN-APPREC>                            (0.23)
<PER-SHARE-DIVIDEND>                                0.00
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                10.16
<EXPENSE-RATIO>                                     0.47
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER22CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 33
   <NAME>  Global Bond Fund, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                       69,738,554
<INVESTMENTS-AT-VALUE>                      70,517,566
<RECEIVABLES>                                3,746,359
<ASSETS-OTHER>                                 482,673
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              74,746,598
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    3,332,288
<TOTAL-LIABILITIES>                          3,332,288
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    70,139,724
<SHARES-COMMON-STOCK>                        6,963,365
<SHARES-COMMON-PRIOR>                        3,143,053
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                70,768,272
<DIVIDEND-INCOME>                               49,174
<INTEREST-INCOME>                            4,133,696
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 213,702
<NET-INVESTMENT-INCOME>                      3,969,168
<REALIZED-GAINS-CURRENT>                     3,057,823
<APPREC-INCREASE-CURRENT>                      351,397
<NET-CHANGE-FROM-OPS>                        7,378,422
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (3,484,400)
<DISTRIBUTIONS-OF-GAINS>                    (2,181,543)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,047,314
<NUMBER-OF-SHARES-REDEEMED>                   (662,011)
<SHARES-REINVESTED>                            435,009
<NET-CHANGE-IN-ASSETS>                      39,695,854
<ACCUMULATED-NII-PRIOR>                        145,359
<ACCUMULATED-GAINS-PRIOR>                     (255,309)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          220,921
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                451,388
<AVERAGE-NET-ASSETS>                        63,021,997
<PER-SHARE-NAV-BEGIN>                             9.89
<PER-SHARE-NII>                                   0.61
<PER-SHARE-GAIN-APPREC>                           0.59
<PER-SHARE-DIVIDEND>                             (0.57)
<PER-SHARE-DISTRIBUTIONS>                        (0.36)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.16
<EXPENSE-RATIO>                                   0.34
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER23CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 34
   <NAME>  REIT, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        245,112,358
<INVESTMENTS-AT-VALUE>                       267,139,719
<RECEIVABLES>                                    488,349
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               267,628,068
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                      6,657,764
<TOTAL-LIABILITIES>                            6,657,764
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     233,875,136
<SHARES-COMMON-STOCK>                              3,284
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                      1,209,863
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                        3,552,016
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      22,333,289
<NET-ASSETS>                                      41,454
<DIVIDEND-INCOME>                                     88
<INTEREST-INCOME>                                     40
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                        26
<NET-INVESTMENT-INCOME>                              102
<REALIZED-GAINS-CURRENT>                             127
<APPREC-INCREASE-CURRENT>                           (440)
<NET-CHANGE-FROM-OPS>                               (211)
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                              0
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                            3,284
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                                    0
<NET-CHANGE-IN-ASSETS>                            41,454
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                            666,973
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                  897,984
<AVERAGE-NET-ASSETS>                               3,220
<PER-SHARE-NAV-BEGIN>                              12.58
<PER-SHARE-NII>                                     0.03
<PER-SHARE-GAIN-APPREC>                             0.01
<PER-SHARE-DIVIDEND>                                0.00
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                12.62
<EXPENSE-RATIO>                                     0.82
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER23CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 35
   <NAME>  REIT, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                      245,112,358
<INVESTMENTS-AT-VALUE>                     267,139,719
<RECEIVABLES>                                  488,349
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             267,628,068
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    6,657,764
<TOTAL-LIABILITIES>                          6,657,764
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   233,875,136
<SHARES-COMMON-STOCK>                       20,672,613
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    1,209,863
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      3,552,016
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    22,333,289
<NET-ASSETS>                               260,928,850
<DIVIDEND-INCOME>                            4,441,896
<INTEREST-INCOME>                              365,818
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 611,574
<NET-INVESTMENT-INCOME>                      4,196,140
<REALIZED-GAINS-CURRENT>                     4,238,908
<APPREC-INCREASE-CURRENT>                   22,333,729
<NET-CHANGE-FROM-OPS>                       30,768,777
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (2,888,627)
<DISTRIBUTIONS-OF-GAINS>                      (784,771)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     20,722,033
<NUMBER-OF-SHARES-REDEEMED>                   (230,093)
<SHARES-REINVESTED>                            180,673
<NET-CHANGE-IN-ASSETS>                     260,928,850
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          666,973
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                897,984
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.24
<PER-SHARE-GAIN-APPREC>                           2.60
<PER-SHARE-DIVIDEND>                             (0.17)
<PER-SHARE-DISTRIBUTIONS>                        (0.05)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.62
<EXPENSE-RATIO>                                   0.69
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER24CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 36
   <NAME>  Foreign Fund, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                        703,495,897
<INVESTMENTS-AT-VALUE>                       745,706,342
<RECEIVABLES>                                  2,705,964
<ASSETS-OTHER>                                 6,584,258
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               754,996,564
<PAYABLE-FOR-SECURITIES>                       4,552,487
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     51,767,352
<TOTAL-LIABILITIES>                           56,319,839
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     659,398,781
<SHARES-COMMON-STOCK>                            459,112
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                              0
<OVERDISTRIBUTION-NII>                           (76,274)
<ACCUMULATED-NET-GAINS>                       (2,863,625)
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      42,217,843
<NET-ASSETS>                                   4,890,763
<DIVIDEND-INCOME>                                 38,874
<INTEREST-INCOME>                                 12,461
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                    24,517
<NET-INVESTMENT-INCOME>                           26,818
<REALIZED-GAINS-CURRENT>                         (23,843)
<APPREC-INCREASE-CURRENT>                        366,298
<NET-CHANGE-FROM-OPS>                            369,273
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                        (32,692)
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                          455,993
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                                3,119
<NET-CHANGE-IN-ASSETS>                         4,890,904
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          3,034,381
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                4,359,089
<AVERAGE-NET-ASSETS>                           2,746,278
<PER-SHARE-NAV-BEGIN>                               9.88
<PER-SHARE-NII>                                     0.06
<PER-SHARE-GAIN-APPREC>                             0.78
<PER-SHARE-DIVIDEND>                               (0.07)
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                10.65
<EXPENSE-RATIO>                                     0.89
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER24CL2

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>     37
   <NAME>       Foreign Fund, Class II
       
                                 
<PERIOD-TYPE>                       YEAR
<FISCAL-YEAR-END>                  FEB-28-1997
<PERIOD-END>                       FEB-28-1997
<INVESTMENTS-AT-COST>                        703,495,897
<INVESTMENTS-AT-VALUE>                       745,706,342
<RECEIVABLES>                                  2,705,964
<ASSETS-OTHER>                                 6,584,258
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                               754,996,564
<PAYABLE-FOR-SECURITIES>                       4,552,487
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                     51,767,352
<TOTAL-LIABILITIES>                           56,319,839
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                     659,398,781
<SHARES-COMMON-STOCK>                          2,061,100
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                              0
<OVERDISTRIBUTION-NII>                           (76,274)
<ACCUMULATED-NET-GAINS>                       (2,863,625)
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                      42,217,843
<NET-ASSETS>                                  21,956,554
<DIVIDEND-INCOME>                                 65,482
<INTEREST-INCOME>                                 24,763
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                    45,511
<NET-INVESTMENT-INCOME>                           44,734
<REALIZED-GAINS-CURRENT>                         (55,119)
<APPREC-INCREASE-CURRENT>                        867,387
<NET-CHANGE-FROM-OPS>                            857,002
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                        (86,399)
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                        2,052,856
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                                8,244
<NET-CHANGE-IN-ASSETS>                        21,957,002
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                          3,034,381
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                4,359,089
<AVERAGE-NET-ASSETS>                           5,401,724
<PER-SHARE-NAV-BEGIN>                              10.02
<PER-SHARE-NII>                                     0.06
<PER-SHARE-GAIN-APPREC>                             0.65
<PER-SHARE-DIVIDEND>                               (0.08)
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                10.65
<EXPENSE-RATIO>                                     0.84
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER24CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 38
   <NAME>  Foreign Fund, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                      703,495,897
<INVESTMENTS-AT-VALUE>                     745,706,342
<RECEIVABLES>                                2,705,964
<ASSETS-OTHER>                               6,584,258
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             754,996,564
<PAYABLE-FOR-SECURITIES>                     4,552,487
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   51,767,352
<TOTAL-LIABILITIES>                         56,319,839
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   659,398,781
<SHARES-COMMON-STOCK>                       63,052,464
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (76,274)
<ACCUMULATED-NET-GAINS>                     (2,863,625)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    42,217,843
<NET-ASSETS>                               671,829,408
<DIVIDEND-INCOME>                            6,155,177
<INTEREST-INCOME>                            1,792,953
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               3,021,090
<NET-INVESTMENT-INCOME>                      4,927,040
<REALIZED-GAINS-CURRENT>                    (3,300,458)
<APPREC-INCREASE-CURRENT>                   40,984,158
<NET-CHANGE-FROM-OPS>                       42,610,740
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (4,439,981)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     64,118,750
<NUMBER-OF-SHARES-REDEEMED>                 (1,233,785)
<SHARES-REINVESTED>                            167,499
<NET-CHANGE-IN-ASSETS>                     671,828,819
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,034,381
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,359,089
<AVERAGE-NET-ASSETS>                       396,475,808
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.08
<PER-SHARE-GAIN-APPREC>                           0.66
<PER-SHARE-DIVIDEND>                             (0.08)
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.66
<EXPENSE-RATIO>                                   0.76
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER28CL2

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>     39
   <NAME> International Equity Allocation Fund, Class II
       
                                 
<PERIOD-TYPE>                       YEAR
<FISCAL-YEAR-END>                  FEB-28-1997
<PERIOD-END>                       FEB-28-1997
<INVESTMENTS-AT-COST>                         45,403,506
<INVESTMENTS-AT-VALUE>                        45,959,357
<RECEIVABLES>                                      4,162
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                                45,963,519
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                         14,617
<TOTAL-LIABILITIES>                                    0
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                      44,676,974
<SHARES-COMMON-STOCK>                          1,487,501
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                              0
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                          716,077
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                         555,851
<NET-ASSETS>                                  15,489,842
<DIVIDEND-INCOME>                                 24,765
<INTEREST-INCOME>                                (24,733)
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                     1,962
<NET-INVESTMENT-INCOME>                           (1,930)
<REALIZED-GAINS-CURRENT>                               0
<APPREC-INCREASE-CURRENT>                        564,014
<NET-CHANGE-FROM-OPS>                            562,084
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                        (98,709)
<DISTRIBUTIONS-OF-GAINS>                         (44,198)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                        1,473,267
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                               14,234
<NET-CHANGE-IN-ASSETS>                        15,489,842
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                                  0
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                   23,786
<AVERAGE-NET-ASSETS>                           2,761,773
<PER-SHARE-NAV-BEGIN>                              10.10
<PER-SHARE-NII>                                     0.00
<PER-SHARE-GAIN-APPREC>                             0.41
<PER-SHARE-DIVIDEND>                               (0.07)
<PER-SHARE-DISTRIBUTIONS>                          (0.03)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                10.41
<EXPENSE-RATIO>                                     0.07
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER28CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 40
   <NAME>  International Equity Allocation Fund, Class 
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                       45,403,506
<INVESTMENTS-AT-VALUE>                      45,959,357
<RECEIVABLES>                                    4,162
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              45,963,519
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       14,617
<TOTAL-LIABILITIES>                                  0
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    44,676,974
<SHARES-COMMON-STOCK>                        2,925,208
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        716,077
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       555,851
<NET-ASSETS>                                30,459,060
<DIVIDEND-INCOME>                              235,762
<INTEREST-INCOME>                               24,856
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     626
<NET-INVESTMENT-INCOME>                        259,992
<REALIZED-GAINS-CURRENT>                       832,119
<APPREC-INCREASE-CURRENT>                       (8,163)
<NET-CHANGE-FROM-OPS>                        1,083,376
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (159,298)
<DISTRIBUTIONS-OF-GAINS>                       (71,327)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,910,529
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                             14,679
<NET-CHANGE-IN-ASSETS>                      30,459,060
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 23,786
<AVERAGE-NET-ASSETS>                         7,219,328
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.10
<PER-SHARE-GAIN-APPREC>                           0.41
<PER-SHARE-DIVIDEND>                             (0.07)
<PER-SHARE-DISTRIBUTIONS>                        (0.03)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.41
<EXPENSE-RATIO>                                   0.01
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER25CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 41
   <NAME>  World Equity Allocation Fund, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                         44,809,743
<INVESTMENTS-AT-VALUE>                        46,179,565
<RECEIVABLES>                                      5,735
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                                46,185,300
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                         15,008
<TOTAL-LIABILITIES>                               15,008
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                      44,429,227
<SHARES-COMMON-STOCK>                            896,088
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                              0
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                          371,243
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                       1,369,822
<NET-ASSETS>                                   9,424,152
<DIVIDEND-INCOME>                                 71,089
<INTEREST-INCOME>                                 16,001
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                     6,896
<NET-INVESTMENT-INCOME>                           80,194
<REALIZED-GAINS-CURRENT>                         303,148
<APPREC-INCREASE-CURRENT>                        211,157
<NET-CHANGE-FROM-OPS>                            594,499
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                        (95,809)
<DISTRIBUTIONS-OF-GAINS>                        (157,650)
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                          870,993
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                               25,095
<NET-CHANGE-IN-ASSETS>                         9,424,152
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                                  0
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                   39,610
<AVERAGE-NET-ASSETS>                           4,446,995
<PER-SHARE-NAV-BEGIN>                              10.00
<PER-SHARE-NII>                                     0.09
<PER-SHARE-GAIN-APPREC>                             0.72
<PER-SHARE-DIVIDEND>                               (0.11)
<PER-SHARE-DISTRIBUTIONS>                          (0.18)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                10.52
<EXPENSE-RATIO>                                     0.16
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER25CL2

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>     42
   <NAME>       World Equity Allocation Fund, Class II
       
                                 
<PERIOD-TYPE>                       YEAR
<FISCAL-YEAR-END>                  FEB-28-1997
<PERIOD-END>                       FEB-28-1997
<INVESTMENTS-AT-COST>                         44,809,743
<INVESTMENTS-AT-VALUE>                        46,179,565
<RECEIVABLES>                                      5,735
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                                46,185,300
<PAYABLE-FOR-SECURITIES>                               0
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                         15,008
<TOTAL-LIABILITIES>                               15,008
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                      44,429,227
<SHARES-COMMON-STOCK>                                  0
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                              0
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                          371,243
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                       1,369,822
<NET-ASSETS>                                           0
<DIVIDEND-INCOME>                                 10,732
<INTEREST-INCOME>                                  9,120
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                     1,407
<NET-INVESTMENT-INCOME>                           18,445
<REALIZED-GAINS-CURRENT>                          97,893
<APPREC-INCREASE-CURRENT>                        (91,849)
<NET-CHANGE-FROM-OPS>                             24,489
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                              0
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                          412,344
<NUMBER-OF-SHARES-REDEEMED>                     (412,344)
<SHARES-REINVESTED>                                    0
<NET-CHANGE-IN-ASSETS>                                 0
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                                  0
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                   39,610
<AVERAGE-NET-ASSETS>                           1,193,071
<PER-SHARE-NAV-BEGIN>                              10.00
<PER-SHARE-NII>                                     0.04
<PER-SHARE-GAIN-APPREC>                             0.02
<PER-SHARE-DIVIDEND>                                0.00
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                10.06
<EXPENSE-RATIO>                                     0.12
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER25CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 43
   <NAME>  World Equity Allocation Fund, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                       44,809,743
<INVESTMENTS-AT-VALUE>                      46,179,565
<RECEIVABLES>                                    5,735
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              46,185,300
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       15,008
<TOTAL-LIABILITIES>                             15,008
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    44,429,227
<SHARES-COMMON-STOCK>                        3,494,003
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        371,243
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     1,369,822
<NET-ASSETS>                                36,746,140
<DIVIDEND-INCOME>                               86,482
<INTEREST-INCOME>                              (24,990)
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     261
<NET-INVESTMENT-INCOME>                         61,231
<REALIZED-GAINS-CURRENT>                       233,534
<APPREC-INCREASE-CURRENT>                    1,250,514
<NET-CHANGE-FROM-OPS>                        1,545,279
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (65,241)
<DISTRIBUTIONS-OF-GAINS>                      (104,501)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,482,496
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                             11,507
<NET-CHANGE-IN-ASSETS>                      36,746,140
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 39,610
<AVERAGE-NET-ASSETS>                         6,746,470
<PER-SHARE-NAV-BEGIN>                            10.07
<PER-SHARE-NII>                                   0.11
<PER-SHARE-GAIN-APPREC>                           0.63
<PER-SHARE-DIVIDEND>                             (0.11)
<PER-SHARE-DISTRIBUTIONS>                        (0.18)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.52
<EXPENSE-RATIO>                                   0.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER29CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>  44
   <NAME>  Global (US+) Equity Allocation Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                       30,415,522
<INVESTMENTS-AT-VALUE>                      30,793,184
<RECEIVABLES>                                    6,119
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              30,799,303
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       12,724
<TOTAL-LIABILITIES>                             12,724
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    29,871,668
<SHARES-COMMON-STOCK>                        2,988,868
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                           (8)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        537,287
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       377,632
<NET-ASSETS>                                30,786,579
<DIVIDEND-INCOME>                              202,100
<INTEREST-INCOME>                                  269
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                        202,369
<REALIZED-GAINS-CURRENT>                       672,205
<APPREC-INCREASE-CURRENT>                      377,632
<NET-CHANGE-FROM-OPS>                        1,252,206
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (202,377)
<DISTRIBUTIONS-OF-GAINS>                      (134,918)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      3,086,368
<NUMBER-OF-SHARES-REDEEMED>                    (97,500)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      30,786,579
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                (19,111)
<AVERAGE-NET-ASSETS>                         6,318,611
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                   0.12
<PER-SHARE-GAIN-APPREC>                           0.38
<PER-SHARE-DIVIDEND>                             (0.12)
<PER-SHARE-DISTRIBUTIONS>                        (0.08)
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.30
<EXPENSE-RATIO>                                   0.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                              0.00
        

 

EX-27.SER26CL1

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 45
   <NAME>  Global Balanced Allocation Fund, Class I
       
                               
<PERIOD-TYPE>                     YEAR
<FISCAL-YEAR-END>                FEB-28-1997
<PERIOD-END>                     FEB-28-1997
<INVESTMENTS-AT-COST>                         20,445,718
<INVESTMENTS-AT-VALUE>                        21,219,808
<RECEIVABLES>                                     49,845
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                                21,269,653
<PAYABLE-FOR-SECURITIES>                          50,000
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                         12,074
<TOTAL-LIABILITIES>                               62,074
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                      20,277,679
<SHARES-COMMON-STOCK>                            612,128
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                              0
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                          155,810
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                         774,090
<NET-ASSETS>                                   6,848,458
<DIVIDEND-INCOME>                                 46,994
<INTEREST-INCOME>                                 22,130
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                     3,613
<NET-INVESTMENT-INCOME>                           65,511
<REALIZED-GAINS-CURRENT>                         206,597
<APPREC-INCREASE-CURRENT>                        291,565
<NET-CHANGE-FROM-OPS>                            563,673
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                        (64,042)
<DISTRIBUTIONS-OF-GAINS>                         (48,900)
<DISTRIBUTIONS-OTHER>                             (1,958)
<NUMBER-OF-SHARES-SOLD>                          601,548
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                               10,580
<NET-CHANGE-IN-ASSETS>                         6,848,458
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                                  0
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                   25,030
<AVERAGE-NET-ASSETS>                           2,384,603
<PER-SHARE-NAV-BEGIN>                              10.00
<PER-SHARE-NII>                                     0.22
<PER-SHARE-GAIN-APPREC>                             1.35
<PER-SHARE-DIVIDEND>                               (0.22)
<PER-SHARE-DISTRIBUTIONS>                          (0.16)
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                11.19
<EXPENSE-RATIO>                                     0.15
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER26CL2

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER>     46
   <NAME>       Global Balanced Allocation Fund, Class II
       
                                 
<PERIOD-TYPE>                       YEAR
<FISCAL-YEAR-END>                  FEB-28-1997
<PERIOD-END>                       FEB-28-1997
<INVESTMENTS-AT-COST>                         20,445,718
<INVESTMENTS-AT-VALUE>                        21,219,808
<RECEIVABLES>                                     49,845
<ASSETS-OTHER>                                         0
<OTHER-ITEMS-ASSETS>                                   0
<TOTAL-ASSETS>                                21,269,653
<PAYABLE-FOR-SECURITIES>                          50,000
<SENIOR-LONG-TERM-DEBT>                                0
<OTHER-ITEMS-LIABILITIES>                         12,074
<TOTAL-LIABILITIES>                               62,074
<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                      20,277,679
<SHARES-COMMON-STOCK>                          1,283,396
<SHARES-COMMON-PRIOR>                                  0
<ACCUMULATED-NII-CURRENT>                              0
<OVERDISTRIBUTION-NII>                                 0
<ACCUMULATED-NET-GAINS>                          155,810
<OVERDISTRIBUTION-GAINS>                               0
<ACCUM-APPREC-OR-DEPREC>                         774,090
<NET-ASSETS>                                  14,359,121
<DIVIDEND-INCOME>                                 22,115
<INTEREST-INCOME>                                (22,061)
<OTHER-INCOME>                                         0
<EXPENSES-NET>                                     1,523
<NET-INVESTMENT-INCOME>                           (1,469)
<REALIZED-GAINS-CURRENT>                              71
<APPREC-INCREASE-CURRENT>                        482,525
<NET-CHANGE-FROM-OPS>                            481,127
<EQUALIZATION>                                         0
<DISTRIBUTIONS-OF-INCOME>                              0
<DISTRIBUTIONS-OF-GAINS>                               0
<DISTRIBUTIONS-OTHER>                                  0
<NUMBER-OF-SHARES-SOLD>                        1,283,396
<NUMBER-OF-SHARES-REDEEMED>                            0
<SHARES-REINVESTED>                                    0
<NET-CHANGE-IN-ASSETS>                        14,359,121
<ACCUMULATED-NII-PRIOR>                                0
<ACCUMULATED-GAINS-PRIOR>                              0
<OVERDISTRIB-NII-PRIOR>                                0
<OVERDIST-NET-GAINS-PRIOR>                             0
<GROSS-ADVISORY-FEES>                                  0
<INTEREST-EXPENSE>                                     0
<GROSS-EXPENSE>                                   25,030
<AVERAGE-NET-ASSETS>                           1,163,092
<PER-SHARE-NAV-BEGIN>                              10.86
<PER-SHARE-NII>                                     0.33
<PER-SHARE-GAIN-APPREC>                             0.00
<PER-SHARE-DIVIDEND>                                0.00
<PER-SHARE-DISTRIBUTIONS>                           0.00
<RETURNS-OF-CAPITAL>                                0.00
<PER-SHARE-NAV-END>                                11.19
<EXPENSE-RATIO>                                     0.07
<AVG-DEBT-OUTSTANDING>                                 0
<AVG-DEBT-PER-SHARE>                                0.00
        

 

EX-27.SER30CL3

 

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended February 28, 1997
and is qualified in its entirety by reference
to such financial statements.


   <NUMBER> 47
   <NAME>  Global Properties Fund, Class III
       
                             
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>              FEB-28-1997
<PERIOD-END>                   FEB-28-1997
<INVESTMENTS-AT-COST>                        9,475,695
<INVESTMENTS-AT-VALUE>                       9,431,610
<RECEIVABLES>                                    2,961
<ASSETS-OTHER>                                  95,095
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                               9,529,666
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       65,311
<TOTAL-LIABILITIES>                             65,311
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     9,468,089
<SHARES-COMMON-STOCK>                                0
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       40,351
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (44,085)
<NET-ASSETS>                                         0
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                    0
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                       0
<NET-INVESTMENT-INCOME>                              0
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                                0
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                               0
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           13,266
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 80,416
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                             0.00
<PER-SHARE-NII>                                   0.00
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               0.00
<EXPENSE-RATIO>                                   0.00
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

 

EX-99.77

                                    GMO TRUST


                             MEETING OF SHAREHOLDERS
                             -----------------------
                                
                                REPORT OF TELLER


                                  May 22, 1996


         The undersigned  duly appointed  Teller for the Meeting of Shareholders
of the GMO Core Fund, GMO Tobacco-Free Core Fund, GMO Value Allocation Fund, GMO
Growth Allocation Fund, GMO U.S. Sector Allocation Fund, GMO Core II Secondaries
Fund,  GMO  Fundamental  Value Fund, GMO  International  Core Fund, GMO Currency
Hedged  International  Core Fund, GMO  International  Small  Companies Fund, GMO
Japan Fund,  GMO Emerging  Markets  Fund,  GMO Global  Hedged  Equity Fund,  GMO
Domestic Bond Fund, GMO Short-Term Income Fund, GMO International Bond Fund, GMO
Currency  Hedged  International  Bond Fund,  GMO Global Bond Fund,  GMO Emerging
Country  Debt Fund,  and The  Pelican  Fund (each a Fund and  collectively,  the
"Funds")  of GMO Trust  (the  "Trust"),  hereby  certifies  with  regard to such
meeting as follows:

         1.      The number of shares outstanding as of the record date for such
meeting was as follows:

        FUND                                             NO. OF SHARES
        ----                                             -------------

GMO Core Fund                                           164,927,799.684
GMO Tobacco-Free Core Fund                                4,435,260.972
GMO Value Allocation Fund                                22,206,592.775
GMO Growth Allocation Fund                               65,838,433.804
GMO U.S. Sector Allocation Fund                          15,483,058.262
GMO Core II Secondaries Fund                             16,727,544.333
GMO Fundamental Value Fund                               14,136,818.852
GMO International Core Fund                             191,421,225.655
GMO Currency Hedged International Core Fund              36,996,734.502
GMO International Small Companies Fund                   17,316,816.719
GMO Japan Fund                                           15,651,732.624
GMO Emerging Markets Fund                                91,950,582.326
GMO Global Hedged Equity Fund                            36,673,740.678
GMO Domestic Bond Fund                                   30,745,056.255
GMO Short-Term Income Fund                                1,134,607.873
GMO International Bond Fund                              18,281,359.581







GMO Currency Hedged International Bond Fund              21,451,591.049
GMO Global Bond Fund                                      5,930,618.119
GMO Emerging Country Debt Fund                           49,840,753.856
The Pelican Fund                                         12,365,728.214

TOTAL:                                                  833,516,056.133


         2.     The number of shares represented at this meeting in person or by
proxy  constituted  a quorum for the conduct of business of each Fund and was as
follows:

          FUND                                        NO. OF SHARES          %
          ----                                        -------------         ---

GMO Core Fund                                        107,751,477.06        65.3
GMO Tobacco-Free Core Fund                             4,435,260.97       100.0
GMO Value Allocation Fund                             18,724,873.92        84.3
GMO Growth Allocation Fund                            50,262,316.30        76.3
GMO U.S. Sector Allocation Fund                       13,359,764.57        86.3
GMO Core II Secondaries Fund                          14,237,727.54        85.1
GMO Fundamental Value Fund                            14,126,747.85        99.9
GMO International Core Fund                          111,119,490.95        58.0
GMO Currency Hedged International                     22,731,159.51        61.4
   Core Fund
GMO International Small Companies Fund                13,269,783.86        76.6
GMO Japan Fund                                        15,651,366.25       100.0
GMO Emerging Markets Fund                             70,955,889.56        77.2
GMO Global Hedged Equity Fund                         29,177,251.58        79.6
GMO Domestic Bond Fund                                25,884,181.62        84.2
GMO Short-Term Income Fund                               961,742.15        84.8
GMO International Bond Fund                           15,538,419.25        85.0
GMO Currency Hedged International Bond Fund           19,172,273.32        89.4
GMO Global Bond Fund                                   5,930,618.12       100.0
GMO Emerging Country Debt Fund                        42,349,211.87        85.0
The Pelican Fund                                       2,844,226.03        23.0

TOTAL:                                               598,483,782.33        71.8


                                      -2-






I.       ELECTION OF TRUSTEES.

         VOTED:   To elect the  following  named persons to serve as Trustees of
                  the Trust as proposed and described in the Proxy  Statement of
                  the Trust dated April 16, 1996 (the "Proxy  Statement"),  each
                  Trustee to hold office in  accordance  with the  Agreement and
                  Declaration of Trust and the Bylaws:

                           FOR               %          AGAINST           %

R. Jeremy Grantham         587,076,635.91   98.1        11,407,146.41    1.9
Harvey R. Margolis         586,414,643.05   98.0        12,069,139.27    2.0
Jay O. Light               586,414,467.92   98.0        12,069,314.40    2.0


                                      -3-







II.      APPROVAL TO MAKE  NON-FUNDAMENTAL  THE  FUNDAMENTAL  INVESTMENT  POLICY
         RELATING TO INVESTMENTS IN OTHER INVESTMENT COMPANIES

         VOTED:   To make  non-fundamental  the  Fund's  fundamental  investment
                  policy  relating to  investments  in the  securities  of other
                  investment  companies as proposed  and  described in the Proxy
                  Statement.




         FUND                                  FOR           %        AGAINST          %        ABSTAIN         %
         ----                                  ---           -        -------          -        -------         -
                                                                                             
GMO Core Fund                            90,556,577.75     84.0    14,449,764.36     13.4     2,745,134.95    2.5
GMO Tobacco-Free Core Fund                4,435,260.97    100.0             0.00      0.0             0.00    0.0
GMO Value Allocation Fund                14,648,351.68     78.2     3,320,011.36     17.7       756,510.88    4.0
GMO Growth Allocation Fund               47,934,422.66     95.4       756,364.43      1.5     1,571,529.21    3.1
GMO U.S. Sector Allocation Fund          10,427,259.60     78.0     2,932,504.98     22.0             0.00    0.0
GMO Core II Secondaries Fund             13,819,731.19     97.1       417,996.35      2.9             0.00    0.0
GMO Fundamental Value Fund               14,126,747.85    100.0             0.00      0.0             0.00    0.0
GMO International Core Fund              94,043,945.36     84.6    11,995,176.78     10.8     5,018,098.67    4.5
GMO Currency Hedged                      18,444,133.83     81.1     4,287,025.69     18.9             0.00    0.0
   International Core Fund
GMO International Small                  10,632,116.72     80.1     2,089,875.84     15.7       547,791.29    4.1
   Companies Fund
GMO Japan Fund                            8,510,507.42     54.4     7,140,858.83     45.6             0.00    0.0
GMO Emerging Markets Fund                66,647,702.28     93.9     2,770,796.79      3.9     1,530,356.81    2.2
GMO Global Hedged Equity Fund            27,625,718.77     94.7       328,782.37      1.1     1,222,750.44    4.2
GMO Domestic Bond Fund                   25,696,086.06     99.3             0.00      0.0       188,095.56    0.7
GMO Short-Term Income Fund                  879,571.73     91.5             0.00      0.0        82,170.42    8.5
GMO International Bond Fund              14,829,566.33     95.4        21,001.70      0.1       687,851.26    4.4
GMO Currency Hedged                      18,937,613.35     98.8        70,513.53      0.4       164,146.44    0.9
   International Bond Fund
GMO Global Bond Fund                      5,180,618.12     87.4             0.00      0.0       750,000.00   12.6
GMO Emerging Country Debt Fund           40,397,701.94     95.4     1,408,499.53      3.3       543,010.40    1.3
The Pelican Fund                          2,643,128.30     92.9        16,265.55      0.6       182,703.89    6.7



                                      -4-







III.     APPROVAL TO MAKE  NON-FUNDAMENTAL  THE  FUNDAMENTAL  INVESTMENT  POLICY
         RELATING TO RESTRICTED SECURITIES.

         VOTED:  To  make  non-fundamental  the  Fund's  fundamental  investment
                 policy  relating  to  restricted  securities  as  proposed  and
                 described in the Proxy Statement.





         FUND                                  FOR           %        AGAINST          %         ABSTAIN       %
         ----                                  ---          ---      ---------        ---        -------      ---
                                                                                            
GMO Core Fund                            90,077,800.38     83.6    14,928,541.73     13.9     2,745,134.95    2.5
GMO Tobacco-Free Core Fund                  802,952.22     18.1     3,632,308.75     81.9             0.00    0.0
GMO Value Allocation Fund                14,416,819.98     77.0     3,551,543.06     19.0       756,510.88    4.0
GMO Growth Allocation Fund               38,604,459.80     76.8     1,344,053.00      2.7    10,313,803.49   20.5
GMO U.S. Sector Allocation Fund          10,427,259.60     78.0     2,932,504.98     22.0             0.00    0.0
GMO Core II Secondaries Fund             13,819,731.19     97.1       417,996.35      2.9             0.00    0.0
GMO Fundamental Value Fund               14,126,747.85    100.0             0.00      0.0             0.00    0.0
GMO International Core Fund              93,608,424.15     84.2    12,492,968.13     11.2     5,018,098.67    4.5
GMO International Small                  10,506,615.55     79.2     2,215,377.02     16.7       547,791.29    4.1
   Companies Fund
GMO Japan Fund                            8,510,507.42     54.4     7,140,858.83     45.6             0.00    0.0
GMO Emerging Markets Fund                65,528,254.31     92.4     3,890,244.76      5.5     1,530,356.81    2.2
GMO Short-Term Income Fund                  879,571.73     91.5             0.00      0.0        82,170.42    8.5



                                      -5-





IV.      APPROVAL OF THE AMENDMENT TO THE FUNDAMENTAL INVESTMENT POLICY RELATING
         TO BORROWING

         VOTED:  To  approve  the  amendment  of the  Fund's  investment  policy
                 relating to borrowing  as proposed  and  described in the Proxy
                 Statement.


         FUND                                  FOR           %        AGAINST          %        ABSTAIN        %
         ----                                  ---          ---       -------         ---       -------       ---
                                                                                            
GMO Core Fund                            81,672,605.80     75.8    23,333,736.51     21.7     2,745,134.95    2.5
GMO Tobacco-Free Core Fund                4,435,260.97    100.0             0.00      0.0             0.00    0.0
GMO Value Allocation Fund                13,988,114.08     74.7     3,980,248.95     21.3       756,510.88    4.0
GMO Growth Allocation Fund               37,528,771.56     74.7     2,419,741.24      4.8    10,313,803.49   20.5
GMO U.S. Sector Allocation Fund          10,427,259.60     78.0     2,932,504.98     22.0             0.00    0.0
GMO Core II Secondaries Fund             12,475,142.89     87.6     1,762,584.65     12.4             0.00    0.0
GMO Fundamental Value Fund               14,126,747.85    100.0             0.00      0.0             0.00    0.0
GMO International Core Fund              79,790,354.80     71.8    26,311,037.48     23.7     5,018,098.67    4.5
GMO Currency Hedged                      17,043,958.27     75.0     5,687,201.24     25.0             0.00    0.0
   International Core Fund
GMO International Small                  10,075,036.03     75.9     2,646,956.53     19.9       547,791.29    4.1
   Companies Fund
GMO Japan Fund                            4,655,058.54     29.7    10,996,307.71     70.3             0.00    0.0
GMO Emerging Markets Fund                62,589,393.70     88.2     6,829,105.37      9.6     1,530,356.81    2.2
GMO Global Hedged Equity Fund            25,487,156.96     87.4     2,467,344.18      8.5     1,222,750.44    4.2
GMO Domestic Bond Fund                   25,234,957.34     97.5       461,128.72      1.8       188,095.56    0.7
GMO Short-Term Income Fund                  879,571.73     91.5             0.00      0.0        82,170.42    8.5
GMO International Bond Fund              14,426,922.11     92.8       423,645.92      2.7       687,851.26    4.4
GMO Currency Hedged                      18,478,562.18     96.4       529,564.70      2.8       164,146.44    0.9
   International Bond Fund
GMO Global Bond Fund                      5,180,618.12     87.4             0.00      0.0       750,000.00   12.6
GMO Emerging Country Debt Fund           39,020,958.08     92.1     2,785,243.39      6.6       543,010.40    1.3
The Pelican Fund                          1,768,276.51     62.2       890,957.15     32.5       182,578.63    6.7



                                      -6-






V.       APPROVAL TO MAKE  NON-FUNDAMENTAL  THE  FUNDAMENTAL  INVESTMENT  POLICY
         RELATING  TO   PLEDGING,   HYPOTHECATING,   MORTGAGING   OR   OTHERWISE
         ENCUMBERING ASSETS

         VOTED:   To make  non-fundamental  the  Fund's  fundamental  investment
                  policy  relating to  pledging,  hypothecating,  mortgaging  or
                  otherwise  encumbering assets as proposed and described in the
                  Proxy Statement.



         FUND                                  FOR           %        AGAINST          %        ABSTAIN        %
         ----                                  ---          ---       -------         ---       -------       ---  
                                                                                            
GMO Core Fund                            85,523,316.30     79.4    19,483,025.81     18.1     2,745,134.95    2.5
GMO Tobacco-Free Core Fund                4,435,260.97    100.0             0.00      0.0             0.00    0.0
GMO Value Allocation Fund                13,988,114.08     74.7     3,980,248.95     21.3       756,510.88    4.0
GMO Growth Allocation Fund               37,528,771.56     74.7     2,419,741.24      4.8    10,313,803.49   20.5
GMO U.S. Sector Allocation Fund          10,427,259.60     78.0     2,932,504.98     22.0             0.00    0.0
GMO Core II Secondaries Fund             12,475,142.89     87.6     1,762,584.65     12.4             0.00    0.0
GMO Fundamental Value Fund               14,126,747.85    100.0             0.00      0.0             0.00    0.0
GMO International Core Fund              80,756,751.67     72.7    25,344,640.61     22.8     5,018,098.67    4.5
GMO Currency Hedged                      17,043,958.27     75.0     5,687,201.24     25.0             0.00    0.0
   International Core Fund
GMO International Small                  10,075,036.03     75.9     2,646,956.53     19.9       547,791.29    4.1
   Companies Fund
GMO Japan Fund                            4,655,058.54     29.7    10,996,307.71     70.3             0.00    0.0
GMO Emerging Markets Fund                63,159,620.11     89.0     6,258,878.96      8.8     1,530,356.81    2.2
GMO Global Hedged Equity Fund            25,487,156.96     87.4     2,467,344.18      8.5     1,222,750.44    4.2
GMO Domestic Bond Fund                   25,234,957.34     97.5       461,128.72      1.8       188,095.56    0.7
GMO Short-Term Income Fund                  879,571.73     91.5             0.00      0.0        82,170.42    8.5
GMO International Bond Fund              14,426,922.11     92.8       423,645.92      2.7       687,851.26    4.4
GMO Currency Hedged                      18,478,562.18     96.4       529,564.70      2.8       164,146.44    0.9
   International Bond Fund
GMO Global Bond Fund                      5,180,618.12     87.4             0.00      0.0       750,000.00   12.6
GMO Emerging Country Debt Fund           39,095,997.85     92.3     2,710,203.62      6.4       543,010.40    1.3



                                      -7-






VI.      APPROVAL TO MAKE  NON-FUNDAMENTAL  THE  FUNDAMENTAL  INVESTMENT  POLICY
         RELATING TO INVESTMENTS IN ANY ONE ISSUER

         VOTED:  To  make  non-fundamental  the  Fund's  fundamental  investment
                 policy relating to investments by the Fund in any one issuer as
                 proposed and described in the Proxy Statement.


         FUND                                  FOR           %         AGAINST         %         ABSTAIN       %
         ----                                  ---          ---        -------        ---        -------      ---
                                                                                            
GMO Core Fund                            88,580,164.92     82.2    16,426,177.19     15.2     2,745,134.95    2.5
GMO Tobacco-Free Core Fund                4,435,260.97    100.0             0.00      0.0             0.00    0.0
GMO Core II Secondaries Fund             13,819,731.19     97.1       417,996.35      2.9             0.00    0.0
GMO Fundamental Value Fund               14,126,747.85    100.0             0.00      0.0             0.00    0.0
GMO International Core Fund              82,619,063.70     74.4    23,319,088.64     21.0     5,181,338.62    4.7
GMO Currency Hedged                      18,164,061.37     79.9     4,567,098.15     20.1             0.00    0.0
   International Core Fund
GMO International Small                   9,677,348.87     72.9     2,459,631.75     18.5       547,791.29    4.1
   Companies Fund
GMO Japan Fund                            4,655,058.54     29.7    10,996,307.71     70.3             0.00    0.0
The Pelican Fund                          2,608,632.68     91.7        41,807.71      1.5       184,552.58    6.7



           IN WITNESS  WHEREOF,  the undersigned  Teller has prepared and signed
this certificate this 22nd day of May, 1996.



                                                     -------------------------
                                                     William R. Royer


                                      -8-








                                     MINUTES

                             MEETING OF SHAREHOLDERS

                                  MAY 22, 1996
                                    2:00 P.M.

                                    GMO TRUST

                                  GMO CORE FUND
                           GMO TOBACCO-FREE CORE FUND
                            GMO VALUE ALLOCATION FUND
                           GMO GROWTH ALLOCATION FUND
                         GMO U.S. SECTOR ALLOCATION FUND
                          GMO CORE II SECONDARIES FUND
                           GMO FUNDAMENTAL VALUE FUND
                           GMO INTERNATIONAL CORE FUND
                   GMO CURRENCY HEDGED INTERNATIONAL CORE FUND
                     GMO INTERNATIONAL SMALL COMPANIES FUND
                                 GMO JAPAN FUND
                            GMO EMERGING MARKETS FUND
                          GMO GLOBAL HEDGED EQUITY FUND
                             GMO DOMESTIC BOND FUND
                           GMO SHORT-TERM INCOME FUND
                           GMO INTERNATIONAL BOND FUND
                   GMO CURRENCY HEDGED INTERNATIONAL BOND FUND
                              GMO GLOBAL BOND FUND
                         GMO EMERGING COUNTRY DEBT FUND
                                THE PELICAN FUND


         Pursuant to Notice duly given, a special meeting of the shareholders of
GMO Trust (the "Trust") was held at the offices of Grantham,  Mayo, Van Otterloo
& Co., 5th Floor, 40 Rowes Wharf, Boston, MA 02110, on May 22, 1996 at 2:00 p.m.
Present were R. Jeremy Grantham and William R. Royer.

         The number of shares  represented  at the meeting in person or by proxy
constituted  a quorum for the conduct of  business  for the Trust as a whole and
for each of the GMO Core Fund, GMO Tobacco-Free  Core Fund, GMO Value Allocation
Fund, GMO Growth  Allocation Fund, GMO U.S. Sector  Allocation Fund, GMO Core II
Secondaries Fund, GMO Fundamental  Value Fund, GMO International  Core Fund, GMO
Currency Hedged International Core Fund, GMO International Small Companies Fund,
GMO Japan Fund,  GMO Emerging  Markets Fund,  GMO Global Hedged Equity Fund, GMO
Domestic Bond Fund, 








GMO Short-Term  Income Fund, GMO  International  Bond Fund, GMO Currency  Hedged
International  Bond Fund,  GMO Global Bond Fund and GMO  Emerging  Country  Debt
Fund. (each a "Fund" and,  collectively  with the Pelican Fund, the "Funds").  A
quorum was not present for the Pelican Fund.

         Mr.  Grantham,  President  - Domestic  Quantitative  and Trustee of the
Trust,  presided  and Mr.  Royer,  Clerk of the Trust,  kept the  records of the
Meeting. Mr. Grantham appointed Mr. Royer as Teller.

         Mr. Grantham welcomed the shareholders and declared the Meeting to be a
duly constituted meeting.

         Mr.  Grantham   directed  Mr.  Royer  to  provide  any  shareholder  or
representative  of a  shareholder  a copy  of the  Notice  and  Proxy  Statement
relating to the Meeting.

         Mr.  Grantham then stated that the items of business before the Meeting
were the election of Trustees of the Trust,  the amendment of the policy of each
of the Funds  relating  to  borrowing  and  making  non-fundamental  a number of
fundamental  policies of the Funds. Mr. Grantham  briefly  described each of the
matters to be voted on. He then indicated that all votes on the proposals  would
be taken by ballot, and opened the polls.

         After shareholders  voting in person or by proxy had cast their ballots
and the polls were closed,  the Teller  reported  the results of the voting.  He
reported that the following resolutions had been adopted by the affirmative vote
of the required number of  shareholders of the Trust or of the indicated  Funds,
and that the report of the Teller with  respect to the number of shares voted on
each such matter by the shareholders of each of the Funds would be included with
the minutes of the Meeting:


         VOTED:            That the  following  nominees are elected as Trustees
                           of the Trust as proposed  and  described in the proxy
                           statement  relating  to this  Meeting and dated April
                           16, 1996 (the Proxy Statement"), each Trustee to hold
                           office  in   accordance   with  the   Agreement   and
                           Declaration of Trust and the Bylaws:

                           R. Jeremy Grantham   Harvey R. Margolis  Jay O. Light

         VOTED:            That the fundamental policy of each Fund of the Trust
                           other than the Pelican Fund  relating to  investments
                           in the  securities of other  investment  companies is
                           made non-fundamental as proposed and described in the
                           Proxy Statement.

   
                                       -2-






         VOTED:            That the  fundamental  investment  policy  of the GMO
                           Core  Fund,  GMO Value  Allocation  Fund,  GMO Growth
                           Allocation Fund, GMO U.S. Sector Allocation Fund, GMO
                           Core II Secondaries Fund, GMO Fundamental Value Fund,
                           GMO International Core Fund, GMO International  Small
                           Companies Fund, GMO Japan Fund, GMO Emerging  Markets
                           Fund,  and GMO  Short-Term  Income  Fund  relating to
                           restricted  securities  be  made  non-fundamental  as
                           proposed and described in the Proxy Statement.

         VOTED:            That the fundamental  investment  policy of each Fund
                           of the  Trust  other  than the  Pelican  Fund and GMO
                           Japan  Fund  relating  to  borrowing  be  amended  as
                           proposed and described in the Proxy Statement.

         VOTED:            That the fundamental  investment  policy of each Fund
                           of the  Trust  other  then the  Pelican  Fund and the
                           Japan  Fund  relating  to  pledging,   hypothecating,
                           mortgaging  or otherwise  encumbering  assets is made
                           non-fundamental  as  proposed  and  described  in the
                           Proxy Statement.

         VOTED:            That the fundamental policy of the GMO Core Fund, GMO
                           Tobacco-  Free  Core  Fund,  GMO Core II  Secondaries
                           Fund, GMO Fundamental  Value Fund, GMO  International
                           Core Fund and GMO Currency Hedged  International Core
                           Fund  and GMO  International  Small  Companies  Fund,
                           relating to  investments in the securities of any one
                           issuer  be  made   non-fundamental  as  proposed  and
                           described in the Proxy Statement.


         There  being no  further  business  to come  before  the  Meeting,  Mr.
Grantham declared the Meeting adjourned.


                                                      -------------------------
                                                      William R. Royer
                                                      Clerk


                                      -3-







FOREIGN TRADE INSTRUCTION FORM     SUB-CUSTODIAN
______________                     BANK, CITY             SVENSKA HANDELSBANKEN
___________                        TODAYS DATE             25-Apr-97

- --------------------------------------------------------------------------------
RECEIVE     FREE: MT520 [   ]      AGAINST PAYMENT     MT521     [ X ]
- --------------------------------------------------------------------------------
Settlement Date          30:       29-Apr-97
                                   ----------
Transaction Ref          20:       25-Apr-97                         4734
                                   ----------     ---------       ----------
                                   Today           Log Ref          Fund #

Date of Trade            31 P:     24-Apr-97
                                   ----------
ISIN                     35B       SE0000311359
                                   ---------------------------------------
     SEDOL                         5051746
                                   ---------------------------------------
Security Description               DAHL INTL
                                   ---------------------------------------

Quantity of Securities             [ CODE ]       [ QUANTITY ]
  Bonds/Face :FMT
  Shares     :SHS        35A:        SHS             1,363
                                   --------       --------------------------
  Warrants   :WTS
         
Safekeeping Account      83A:  /   195-599-799
                                   -----------
SWIFT Code                         INVB US 33
                                   -----------------------------------------

Clearing Broker - BIC    87A:        0
                   or              -----------------------------------------
                   Name  87D:      ALFRED BERG
                                   -----------------------------------------
                   City            STOCKHOLM
                                   -----------------------------------------
                                   -----------------------------------------
                                   -----------------------------------------


Trading Broker - Account #  85A:
                                   -----------------------------------------
                   BIC               0
                   or              -----------------------------------------
                 Account #  85D:     0
                                   -----------------------------------------
                   Name            ALFRED BERG, LONDON
                                   -----------------------------------------
                   City
                                   -----------------------------------------

                                   [ CURR ]     [ AMOUNT ]

Trade Price              33T:      SEK            170.51
                                   --------     ----------------------------
Settlement Amount        32B:      SEK            232,986.1 4
                                   --------     ----------------------------
Special Payment 
       instructions       72:      /rec/


Holidays Checked    ---------(MANDATORY)

Back up Attached    ---------(MANDATORY)
                                                  Settlement
                                                  Authorization:
                                                                 -----------
                                                  SWIFT Ref #    
                                                                 -----------
Prepared By          ALKA P.       (FA)    Ext:       6671
                -----------------               -----------------

Reviewed By                        (SPVSR) Ext:
                -----------------               -----------------

EX-99

April 22, 1997


To the Trustees of GMO Trust

In  planning  and  performing   our  audits  of  the  financial   statements  of
twenty-eight  of the series (GMO Core Fund, GMO Value Fund, GMO Growth Fund, GMO
Short-Term  Income  Fund,  GMO  International  Core Fund,  GMO Japan  Fund,  GMO
International  Small  Companies Fund, GMO  Tobacco-Free  Core Fund, GMO Domestic
Bond Fund,  GMO Emerging  Country Debt Fund,  GMO Global Hedged Equity Fund, GMO
Currency Hedged  International  Bond Fund, GMO U.S. Sector Fund, GMO Fundamental
Value Fund, GMO Emerging Markets Fund, GMO  International  Bond Fund, GMO Global
Bond Fund,  GMO Currency  Hedged  International  Core Fund, GMO Small Cap Growth
Fund, GMO Small Cap Value Fund, GMO REIT Fund, GMO World Equity Allocation Fund,
GMO International  Equity Allocation Fund, GMO Global (U.S. +) Equity Allocation
Fund,  GMO  Global  Balanced  Allocation  Fund,  GMO  Foreign  Fund,  GMO Global
Properties  Fund and Pelican  Fund) of the GMO Trust (the  "Trust") for the year
ended February 28, 1997, we considered its internal control structure, including
procedures  for  safeguarding  securities,  in order to  determine  our auditing
procedures  for  the  purposes  of  expressing  our  opinion  on  the  financial
statements and to comply with the requirements of Form N-SAR, and not to provide
assurance on the internal control structure.

The management of the Trust is responsible for  establishing  and maintaining an
internal control  structure.  In fulfilling this  responsibility,  estimates and
judgments by management are required to assess the expected benefits and related
costs  of  internal  control  structure  policies  and  procedures.  Two  of the
objectives  of an internal  control  structure  are to provide  management  with
reasonable,   but  not  absolute,   assurance  that  assets  are   appropriately
safeguarded   against  loss  from  unauthorized  use  of  disposition  and  that
transactions  are executed in accordance  with  management's  authorization  and
recorded  properly to permit  preparation of financial  statements in conformity
with generally accepted accounting principles.

Because of inherent  limitations in any internal  control  structure,  errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the  structure  to future  periods  is subject to the risk that it may become
inadequate  because of changes in  conditions or that the  effectiveness  of the
design and operation may deteriorate.






To the Trustees of GMO Trust
Page 2
April 22, 1997



Our  consideration  of the  internal  control  structure  would not  necessarily
disclose all matters in the internal  control  structure  that might be material
weaknesses  under standards  established by the American  Institute of Certified
Public  Accountants.  A material  weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively  low level the risk that errors or  irregularities  in amounts that
would be  material in relation to the  financial  statements  being  audited may
occur and not be  detected  within a timely  period by  employees  in the normal
course of performing  their  assigned  functions.  However,  we noted no matters
involving the internal control structure,  including procedures for safeguarding
securities,  that we consider to be material  weaknesses  as defined above as of
February 28, 1997.

This report is intended solely for the information and use of management and the
Securities and Exchange Commission.


/S/ PRICE WATERHOUSE LLP