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                                                                    EXHIBIT 99.2

                       CONSENT OF INDEPENDENT ACCOUNTANTS


We hereby consent to the incorporation by reference in this Registration
Statement on Form N-1A of our report dated August 21, 2000, relating to the
financial statements and financial highlights which appear in the June 30, 2000
Annual Report to Shareholders of the GMO Fundamental Value Fund which are also
incorporated by reference into the Registration Statement.  We also consent to
the references to us under the headings "Financial Highlights" and "Independent
Accountants" in such Registration Statement.



PricewaterhouseCoopers LLP
Boston, MA
October 27, 2000