<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> 363
<NAME> GMO Tax-Managed U.S. Equities Fund, Class III
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> FEB-28-2001
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 7,655,899
<INVESTMENTS-AT-VALUE> 8,795,751
<RECEIVABLES> 18,266
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,814,017
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21,402
<TOTAL-LIABILITIES> 21,402
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 6,067,901
<SHARES-COMMON-STOCK> 628,032
<SHARES-COMMON-PRIOR> 1,050,117
<ACCUMULATED-NII-CURRENT> 16,625
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,568,237
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,139,852
<NET-ASSETS> 8,792,615
<DIVIDEND-INCOME> 82,971
<INTEREST-INCOME> 3,490
<OTHER-INCOME> 0
<EXPENSES-NET> (25,818)
<NET-INVESTMENT-INCOME> 60,643
<REALIZED-GAINS-CURRENT> 1,750,399
<APPREC-INCREASE-CURRENT> (861,043)
<NET-CHANGE-FROM-OPS> 949,999
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (55,972)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (423,023)
<SHARES-REINVESTED> 938
<NET-CHANGE-IN-ASSETS> (4,482,480)
<ACCUMULATED-NII-PRIOR> 11,954
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (182,162)
<GROSS-ADVISORY-FEES> 17,750
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 47,807
<AVERAGE-NET-ASSETS> 10,670,092
<PER-SHARE-NAV-BEGIN> 12.64
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 1.36
<PER-SHARE-DIVIDEND> (0.07)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.00
<EXPENSE-RATIO> 0.48
</TABLE>
