<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> 323
<NAME> GMO U.S. Bond/Global Alpha A Fund, Class III
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> FEB-28-2001
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 115,117,447
<INVESTMENTS-AT-VALUE> 111,017,768
<RECEIVABLES> 1,688,081
<ASSETS-OTHER> 268,642
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 112,974,491
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,301,633
<TOTAL-LIABILITIES> 5,301,633
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 112,102,124
<SHARES-COMMON-STOCK> 10,877,112
<SHARES-COMMON-PRIOR> 12,472,150
<ACCUMULATED-NII-CURRENT> 3,009,862
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (4,312,612)
<ACCUM-APPREC-OR-DEPREC> (3,126,516)
<NET-ASSETS> 107,672,858
<DIVIDEND-INCOME> 29,868
<INTEREST-INCOME> 3,654,469
<OTHER-INCOME> 0
<EXPENSES-NET> (233,989)
<NET-INVESTMENT-INCOME> 3,450,348
<REALIZED-GAINS-CURRENT> (1,864,358)
<APPREC-INCREASE-CURRENT> 4,132,857
<NET-CHANGE-FROM-OPS> 5,718,847
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,937,966)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 157,364
<NUMBER-OF-SHARES-REDEEMED> (1,942,244)
<SHARES-REINVESTED> 189,842
<NET-CHANGE-IN-ASSETS> (12,603,315)
<ACCUMULATED-NII-PRIOR> 2,497,480
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2,448,254)
<GROSS-ADVISORY-FEES> 146,243
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 297,561
<AVERAGE-NET-ASSETS> 116,040,246
<PER-SHARE-NAV-BEGIN> 9.64
<PER-SHARE-NII> 0.29
<PER-SHARE-GAIN-APPREC> 0.21
<PER-SHARE-DIVIDEND> (0.24)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.90
<EXPENSE-RATIO> 0.40
</TABLE>
