<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> 383
<NAME> GMO Emerging Country Debt Share Fund, Class III
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> FEB-28-2001
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 95,752,937
<INVESTMENTS-AT-VALUE> 98,760,805
<RECEIVABLES> 2,450
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 98,763,255
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 11,243
<TOTAL-LIABILITIES> 11,243
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 90,601,820
<SHARES-COMMON-STOCK> 9,918,037
<SHARES-COMMON-PRIOR> 9,918,037
<ACCUMULATED-NII-CURRENT> 5,143,640
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> (1,316)
<ACCUM-APPREC-OR-DEPREC> 3,007,868
<NET-ASSETS> 98,752,012
<DIVIDEND-INCOME> 5,143,390
<INTEREST-INCOME> 250
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 5,143,640
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 7,328,296
<NET-CHANGE-FROM-OPS> 12,471,936
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 12,471,936
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (1,316)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14,168
<AVERAGE-NET-ASSETS> 89,890,678
<PER-SHARE-NAV-BEGIN> 8.70
<PER-SHARE-NII> 0.52
<PER-SHARE-GAIN-APPREC> 0.74
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 9.96
<EXPENSE-RATIO> 0.00
</TABLE>
