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GMO Fundamental Value Fund SUB-ITEM 77H The following shareholders held greater than 25% of the outstanding shares of the Series as of June 30, 2000: Shareholder Spelman College Spelman College - FVAF The following shareholders ceased to hold greater than 25% of the outstanding shares of the Series during the period March 1, 2000 through June 30, 2000: Shareholder None
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