<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000772129</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000005486</seriesId>
        <classId>C000014930</classId>
        <classId>C000213374</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>GMO TRUST</regName>
      <regFileNumber>811-04347</regFileNumber>
      <regCik>0000772129</regCik>
      <regLei>549300Y2Q6TQD4HU5C66</regLei>
      <regStreet1>53 State Street, 33rd Floor</regStreet1>
      <regCity>BOSTON</regCity>
      <regStateConditional regCountry="US" regState="US-MA"/>
      <regZipOrPostalCode>02109</regZipOrPostalCode>
      <regPhone>617-346-7646</regPhone>
      <seriesName>GMO International Equity Allocation Fund</seriesName>
      <seriesId>S000005486</seriesId>
      <seriesLei>YMJ8TYNDMVGK40X3ZO13</seriesLei>
      <repPdEnd>2026-02-28</repPdEnd>
      <repPdDate>2026-02-28</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>370343729.06</totAssets>
      <totLiabs>89880.74</totLiabs>
      <netAssets>370253848.32</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>0.00000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000014930" rtn1="3.10000000" rtn2="7.36000000" rtn3="7.44000000"/>
          <monthlyTotReturn classId="C000213374" rtn1="3.10000000" rtn2="7.37000000" rtn3="7.44000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="1083968.18000000" netUnrealizedAppr="-15202611.14000000"/>
        <othMon2 netRealizedGain="71587.96000000" netUnrealizedAppr="28577613.64000000"/>
        <othMon3 netRealizedGain="21510051.18000000" netUnrealizedAppr="8567596.00000000"/>
      </returnInfo>
      <mon1Flow redemption="2045120.00000000" reinvestment="21288795.78000000" sales="1090560.70000000"/>
      <mon2Flow redemption="1252933.98000000" reinvestment="0.00000000" sales="11525668.88000000"/>
      <mon3Flow redemption="84064573.59000000" reinvestment="0.00000000" sales="2688227.30000000"/>


    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>GMO International Opportunistic Value Fund</name>
        <lei>549300KLH1QUHZ9NXR88</lei>
        <title>GMO International Opportunistic Value Fund</title>
        <cusip>36262F509</cusip>
        <identifiers>
          <isin value="US36262F5098"/>
        </identifiers>
        <balance>3576348.39000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66269735.69000000</valUSD>
        <pctVal>17.89845966238</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GMO International Equity Fund</name>
        <lei>549300GUNRPC30EDRZ54</lei>
        <title>GMO International Equity Fund</title>
        <cusip>362008831</cusip>
        <identifiers>
          <isin value="US3620088316"/>
        </identifiers>
        <balance>4323080.95000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>166481847.42000000</valUSD>
        <pctVal>44.96424498365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Global Advisors</name>
        <lei>549300Q3FHSMZ70NLT76</lei>
        <title>State Street Institutional Treasury Money Market Fund</title>
        <cusip>857492870</cusip>
        <identifiers>
          <isin value="US8574928706"/>
        </identifiers>
        <balance>627683.70000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>627683.70000000</valUSD>
        <pctVal>0.169527934104</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GMO-Usonian Japan Value Creation Fund</name>
        <lei>549300000UZYKHHPND29</lei>
        <title>GMO-Usonian Japan Value Creation Fund</title>
        <cusip>36256V643</cusip>
        <identifiers>
          <isin value="US36256V6433"/>
        </identifiers>
        <balance>889543.85000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26294916.09000000</valUSD>
        <pctVal>7.101861657700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GMO Emerging Markets Fund</name>
        <lei>DOSKAMXF8YE41HIDZR39</lei>
        <title>GMO Emerging Markets Fund</title>
        <cusip>362008278</cusip>
        <identifiers>
          <isin value="US3620082780"/>
        </identifiers>
        <balance>3242372.88000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>110662186.50000000</valUSD>
        <pctVal>29.88819346567</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-26</ncom:dateSigned>
      <ncom:nameOfApplicant>GMO TRUST</ncom:nameOfApplicant>
      <ncom:signature>Betty Maganzini</ncom:signature>
      <ncom:signerName>Betty Maganzini</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
