EXHIBIT 4


            CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration
Statement on Form N-1A of our report dated April 22, 2004 relating to the
financial statements and financial highlights which appear in the February 29,
2004 Annual Report to Shareholders of the GMO Emerging Markets Quality Fund
(formerly GMO Asia Fund), which are also incorporated by reference into the
Registration Statement. We also consent to the reference to us under the heading
"Financial Highlights" in the Prospectus of the GMO Emerging Markets Quality
Fund and under the heading "Investment Advisory and Other Services - Independent
Registered Public Accounting Firm" in the Statement of Additional Information of
the GMO Emerging Markets Quality Fund, which constitute parts of such
Registration Statement.


PricewaterhouseCoopers LLP
Boston, Massachusetts
September 21, 2004