SUB-ITEM 77H
The following shareholders held greater than 25% of the outstanding shares of a series
of the Trust as of August 31, 2005:
Fund	Shareholder
GMO Alpha Only Fund	Evergreen Asset Allocation Fund
GMO Alternative Asset Opportunity Fund	GMO Benchmark Free Allocation Fund
GMO Alternative Asset Opportunity Fund	GMO World Equity Allocation Fund
GMO Core Plus Bond Fund	Evergreen Asset Allocation Fund
GMO Currency Hedged International Bond Fund	Evergreen Asset Allocation Fund
GMO Currency Hedged International Equity Fund	Evergreen Asset Allocation Fund
GMO Developed World Stock Fund	Baystate Health System Inc
GMO Developed World Stock Fund	Baystate Health System Inc Pension Trust
GMO Domestic Bond Fund	Evergreen Asset Allocation Fund
GMO Emerging Country Debt Share Fund	Sprint Corporate Master Trust
GMO Emerging Country Debt Share Fund	Fidelity Investments Institutional
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 Growth Fund	National Financial Services LLC
GMO Inflation Indexed Bond Fund	Evergreen Asset Allocation Fund
GMO International Growth Fund	Evergreen Asset Allocation Fund
GMO Intrinsic Value Fund	Corning Retirement Master Trust
GMO Real Estate Fund	Evergreen Asset Allocation Fund
GMO Short Duration Collateral Fund	GMO Core Plus Bond Fund
GMO Special Purpose Holding Fund	Verib NYXF1776322
GMO Strategic Balanced Allocation Fund	The Loomis Institute
GMO Taiwan Fund	Pension Reserves Investment Trust
GMO Tax-Managed US Equity Fund	Northern Trust Co. FBO Edgar M Bronfman
GMO Tobacco-Free Core Fund	Memorial Sloan-Kettering Cancer Center
GMO U.S. Quality Equity Fund	Evergreen Asset Allocation Fund
GMO Value Fund	Ameriprise Trust Co.
GMO World Opportunity Equity Allocation Fund	The Hershey Foods Corporation Master Retirement Trust
GMO World Opportunity Equity Allocation Fund	A Rising Tide The Greater Kansas City Health Care Foundation
GMO World Opportunity Overlay Fund	GMO Core Plus Bond Fund
The following shareholders ceased to hold greater than 25% of the outstanding shares of a
series of the Trust during the period March 1, 2005 through August 31, 2005:
Fund	Shareholder
GMO Currency Hedged International Bond Fund	GMO Benchmark Free Allocation Fund
GMO Inflation Indexed Bond Fund	GMO Benchmark Free Allocation Fund
GMO International Disciplined Equity Fund	The Paul Hamlyn Foundation
GMO Value Fund	Nabank & Co
GMO World Opportunity Overlay Fund	GMO Currency Hedged International Bond Fund