<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from GMO Trust, form
N-SAR for the period ended August 31, 2000
and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 423
<NAME> GMO Foreign Small Companies Fund, Class III
<S> <C>
<PERIOD-TYPE> 3-MOS
<FISCAL-YEAR-END> FEB-28-2001
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 35,313,624
<INVESTMENTS-AT-VALUE> 34,997,084
<RECEIVABLES> 65,934
<ASSETS-OTHER> 511,508
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 35,574,526
<PAYABLE-FOR-SECURITIES> 72,104
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 58,132
<TOTAL-LIABILITIES> 130,236
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35,712,263
<SHARES-COMMON-STOCK> 3,571,429
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 29,170
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 30,601
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (327,744)
<NET-ASSETS> 35,444,290
<DIVIDEND-INCOME> 57,162
<INTEREST-INCOME> 22,678
<OTHER-INCOME> 0
<EXPENSES-NET> (50,670)
<NET-INVESTMENT-INCOME> 29,170
<REALIZED-GAINS-CURRENT> 30,601
<APPREC-INCREASE-CURRENT> (327,744)
<NET-CHANGE-FROM-OPS> (267,973)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,168,132
<NUMBER-OF-SHARES-REDEEMED> (3,596,703)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 35,444,290
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 41,638
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 83,980
<AVERAGE-NET-ASSETS> 35,448,693
<PER-SHARE-NAV-BEGIN> 10.00
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> (0.09)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.92
<EXPENSE-RATIO> 0.84
</TABLE>
