SUB-ITEM 77H
The following shareholders held greater than 25% of the outstanding shares of a series
of the Trust as of February 28, 2007:
Fund	Shareholder
GMO Alternative Asset Opportunity Fund	GMO Benchmark Free Allocation Fund
GMO Alternative Asset Opportunity Fund	GMO Global Balanced Asset Allocation
GMO Alternative Asset SPC LTD	GMO Alternative Asset Opportunity Fund
GMO Alpha Only Fund	Evergreen Asset Allocation Fund
GMO Core Plus Bond Fund	Evergreen Asset Allocation Fund
GMO Currency Hedged International Bond Fund	JP Morgan Chase Bank
GMO Currency Hedged International Equity Fund	GMO World Opportunities Equity Fund
GMO Currency Hedged International Equity Fund	JP Morgan Chase Bank
GMO Developed World Stock Fund	Dow Employees Pension Plan
GMO Domestic Bond Fund	Evergreen Asset Allocation Fund
GMO Emerging Markets Quality Fund	Evergreen Asset Allocation Fund
GMO Foreign Small Companies Fund	Virginia Retirement System
GMO Global Bond Fund	Fresno County Employees' Retirement Association
GMO Global Bond Fund	General Retirement System of The City Detroit
GMO Global Growth Fund	GMO Global Growth Fund
GMO Inflation Indexed Plus Bond Fund	Evergreen Asset Allocation Fund
GMO Real Estate Fund	Mac & Co 10000643000 FBO Princeton
GMO Short Duration Collateral Fund	GMO Strategic Fixed Income Fund
GMO Special Purpose Holding Fund	Verib NYXF1776322
GMO SPV I, LLC	GMO Alpha Libor Fund
GMO Strategic Fixed Income Fund	Evergreen Asset Allocation Fund
GMO Taiwan Fund	Pension Reserves Investment Trust
GMO Tax-Managed Small/Mid Companies Fund	Blush & Co Option C
GMO Tax-Managed US Equity Fund	Northern Trust Co. FBO Edgar M Bronfman
GMO Tax-Managed US Equity Fund	Strafe and Co FAO MJH Investment LTD
GMO Tobacco-Free Core Fund	Memorial Sloan-Kettering Cancer Center
GMO U.S. Core Equity Fund	Evergreen Asset Allocation Fund
GMO U.S. Intrinsic Value Fund	Hopke Partnership
GMO U.S. Intrinsic Value Fund	Saturn & Co C/O Investors Bank & Trust
GMO U.S. Small Mid Cap Value	Maine State Retirement System
GMO U.S. Value Fund	Ameriprise Trust Co. FBO American Express
GMO U.S. Value Fund	Polk Brothers Foundation
GMO World Opportunity Overlay Fund	GMO Core Plus Bond Fund
GMO World Opportunity Overlay Fund	GMO Inflation Index Plus Bond
GMO World Opportunity Overlay Fund	GMO Strategic Fixed Income Fund
The following shareholders ceased to hold greater than 25% of the outstanding shares of a
series of the Trust during the period August 31, 2006 through February 28, 2007:
Fund	Shareholder
GMO Alpha Libor Offshore	GMO Emerging Country Debt Investment
GMO Currency Hedged International Bond Fund	Evergreen Asset Allocation Fund
GMO Currency Hedged International Equity Fund	Evergreen Asset Allocation Fund
GMO Emerging Country Debt Share Fund	Fidelity Investments Institutional
GMO International Growth Equity Fund	Evergreen Asset Allocation Fund
GMO International Opportunities Equity Allocation	Wells Fargo Bank FBO Ameristeel Retirement Plan
GMO Short Duration Collateral Fund	GMO Core Plus Bond Fund
GMO Short Duration Collateral Share	Evergreen Asset Allocation Fund
GMO Strategic Fixed Income Fund	GMO Global Balanced Asset Allocation Fund
GMO Strategic Fixed Income Fund	GMO Benchmark Free Allocation Fund
GMO Tax-Managed Small/Mid Companies Fund	CAMASS Investment
GMO U.S. Growth Fund	National Financial Services LLC
GMO U.S. Intrinsic Value Fund	Corning Retirement Master Trust