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          <ccc>XXXXXXXX</ccc>
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        <classId>C000166042</classId>
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      <regFileNumber>811-04920</regFileNumber>
      <regCik>0000806633</regCik>
      <regLei>549300B3CBVFTLZDYP46</regLei>
      <regStreet1>505 WAKARA WAY</regStreet1>
      <regStreet2>SUITE 300</regStreet2>
      <regCity>SALT LAKE CITY</regCity>
      <regStateConditional regCountry="US" regState="US-UT"/>
      <regZipOrPostalCode>84108</regZipOrPostalCode>
      <regPhone>801-533-0777</regPhone>
      <seriesName>Wasatch Frontier Emerging Small Countries Fund</seriesName>
      <seriesId>S000035891</seriesId>
      <seriesLei>549300YNTXJZAWS4E651</seriesLei>
      <repPdEnd>2020-09-30</repPdEnd>
      <repPdDate>2020-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>165186.40</totLiabs>
      <netAssets>40049889.21</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <fairValLevel>2</fairValLevel>
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        <name>Globant SA</name>
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        <name>Qualitas Controladora SAB de CV</name>
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        <name>InRetail Peru Corp</name>
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        <valUSD>2333066.23000000</valUSD>
        <pctVal>5.825399959951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Delta Brac Housing Finance Corp Ltd</name>
        <lei>N/A</lei>
        <title>Delta Brac Housing Finance Corp Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BD0621DBH007"/>
        </identifiers>
        <balance>483039.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BDT" exchangeRt="85.00000000"/>
        <valUSD>515636.44000000</valUSD>
        <pctVal>1.287485309375</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BD</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equity Group Holdings PLC/Kenya</name>
        <lei>N/A</lei>
        <title>Equity Group Holdings PLC/Kenya</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KE0000000554"/>
        </identifiers>
        <balance>1643000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KES" exchangeRt="105.05000000"/>
        <valUSD>530983.82000000</valUSD>
        <pctVal>1.325805964695</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Philippine Seven Corp</name>
        <lei>N/A</lei>
        <title>Philippine Seven Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="PHY6955M1063"/>
        </identifiers>
        <balance>856764.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="PHP" exchangeRt="50.86000000"/>
        <valUSD>2186722.50000000</valUSD>
        <pctVal>5.459996377353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Srisawad Corp PCL</name>
        <lei>N/A</lei>
        <title>Srisawad Corp PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH5456010Y18"/>
        </identifiers>
        <balance>460100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81750000"/>
        <valUSD>595848.25000000</valUSD>
        <pctVal>1.487765039437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Discovery Ltd</name>
        <lei>378900245A26169C8132</lei>
        <title>Discovery Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000022331"/>
        </identifiers>
        <balance>118609.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.88550000"/>
        <valUSD>517183.03000000</valUSD>
        <pctVal>1.291346967998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Raia Drogasil SA</name>
        <lei>N/A</lei>
        <title>Raia Drogasil SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRRADLACNOR0"/>
        </identifiers>
        <balance>114300.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19610000"/>
        <valUSD>2240421.66000000</valUSD>
        <pctVal>5.594077047885</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank for Foreign Trade of Vietnam JSC</name>
        <lei>2549004TS5QUBFGAWE51</lei>
        <title>Bank for Foreign Trade of Vietnam JSC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000VCB4"/>
        </identifiers>
        <balance>356510.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="23617.00000000"/>
        <valUSD>924099.22000000</valUSD>
        <pctVal>2.307370228053</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Spandana Sphoorty Financial Ltd</name>
        <lei>335800439Z6PMBKI2680</lei>
        <title>Spandana Sphoorty Financial Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="INE572J01011"/>
        </identifiers>
        <balance>39681.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="INR" exchangeRt="75.65125000"/>
        <valUSD>316235.24000000</valUSD>
        <pctVal>0.789603282900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Magazine Luiza SA</name>
        <lei>N/A</lei>
        <title>Magazine Luiza SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRMGLUACNOR2"/>
        </identifiers>
        <balance>75100.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19610000"/>
        <valUSD>563528.22000000</valUSD>
        <pctVal>1.407065615200</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Davivienda SA</name>
        <lei>549300P161V4IPKAQS70</lei>
        <title>Banco Davivienda SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="COB51PA00076"/>
        </identifiers>
        <balance>183559.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="COP" exchangeRt="4062.00000000"/>
        <valUSD>1378274.13000000</valUSD>
        <pctVal>3.441393115404</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HeadHunter Group PLC</name>
        <lei>N/A</lei>
        <title>HeadHunter Group PLC</title>
        <cusip>42207L106</cusip>
        <identifiers>
          <isin value="US42207L1061"/>
        </identifiers>
        <balance>34083.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>544305.51000000</valUSD>
        <pctVal>1.359068703401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Aeroportuario del Centro Norte SAB de CV</name>
        <lei>529900HUSBARAFSXJ605</lei>
        <title>Grupo Aeroportuario del Centro Norte SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX01OM000018"/>
        </identifiers>
        <balance>197400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.72250000"/>
        <valUSD>668027.06000000</valUSD>
        <pctVal>1.667987285800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Naspers Ltd</name>
        <lei>21380044BQ8812EEKT59</lei>
        <title>Naspers Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="ZAE000015889"/>
        </identifiers>
        <balance>11040.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="ZAR" exchangeRt="17.88550000"/>
        <valUSD>1568942.75000000</valUSD>
        <pctVal>3.917470886806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Saigon Beer Alcohol Beverage Corp</name>
        <lei>N/A</lei>
        <title>Saigon Beer Alcohol Beverage Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="VN000000SAB4"/>
        </identifiers>
        <balance>79780.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="23617.00000000"/>
        <valUSD>413628.07000000</valUSD>
        <pctVal>1.032782057975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unifin Financiera SAB de CV</name>
        <lei>5493007GRMPGDJG93Z17</lei>
        <title>Unifin Financiera SAB de CV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MX00UN000002"/>
        </identifiers>
        <balance>894920.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="23.72250000"/>
        <valUSD>711484.51000000</valUSD>
        <pctVal>1.776495575978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASA International Group PLC</name>
        <lei>213800NSIUMXPDHUEO94</lei>
        <title>ASA International Group PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00BDFXHW57"/>
        </identifiers>
        <balance>289466.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.80508800"/>
        <valUSD>341568.50000000</valUSD>
        <pctVal>0.852857540276</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prosus NV</name>
        <lei>635400Z5LQ5F9OLVT688</lei>
        <title>Prosus NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0013654783"/>
        </identifiers>
        <balance>11040.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.90670100"/>
        <valUSD>773029.46000000</valUSD>
        <pctVal>1.930166288217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TQM Corp PCL</name>
        <lei>N/A</lei>
        <title>TQM Corp PCL</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="TH8878010017"/>
        </identifiers>
        <balance>579715.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="THB" exchangeRt="32.81750000"/>
        <valUSD>1187958.67000000</valUSD>
        <pctVal>2.966197144194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>TH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WEG SA</name>
        <lei>N/A</lei>
        <title>WEG SA</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BRWEGEACNOR0"/>
        </identifiers>
        <balance>80400.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BRL" exchangeRt="5.19610000"/>
        <valUSD>519433.42000000</valUSD>
        <pctVal>1.296965934852</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ibnsina Pharma SAE</name>
        <lei>N/A</lei>
        <title>Ibnsina Pharma SAE</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="EGS512O1C012"/>
        </identifiers>
        <balance>1368438.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="15.74000000"/>
        <valUSD>691659.34000000</valUSD>
        <pctVal>1.726994390354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</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." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2020-04-15</ncom:dateSigned>
      <ncom:nameOfApplicant>WASATCH FUNDS TRUST</ncom:nameOfApplicant>
      <ncom:signature>Mike Yeates</ncom:signature>
      <ncom:signerName>Mike Yeates</ncom:signerName>
      <ncom:title>CFO</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
