<?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>S000005485</seriesId>
        <classId>C000213373</classId>
        <classId>C000014927</classId>
        <classId>C000109350</classId>
        <classId>C000213372</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 Benchmark-Free Allocation Fund</seriesName>
      <seriesId>S000005485</seriesId>
      <seriesLei>JROIJZODPR8PSX12FZ19</seriesLei>
      <repPdEnd>2027-02-28</repPdEnd>
      <repPdDate>2026-05-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>2601188297.52</totAssets>
      <totLiabs>2209583.27</totLiabs>
      <netAssets>2598978714.25</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="C000213373" rtn1="-3.68000000" rtn2="2.22000000" rtn3="3.09000000"/>
          <monthlyTotReturn classId="C000014927" rtn1="-3.64000000" rtn2="2.22000000" rtn3="3.09000000"/>
          <monthlyTotReturn classId="C000109350" rtn1="-3.64000000" rtn2="2.22000000" rtn3="3.12000000"/>
          <monthlyTotReturn classId="C000213372" rtn1="-3.65000000" rtn2="2.19000000" rtn3="3.09000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="2459497.66000000" netUnrealizedAppr="-96055346.32000000"/>
        <othMon2 netRealizedGain="1495591.46000000" netUnrealizedAppr="54316907.25000000"/>
        <othMon3 netRealizedGain="2274402.94000000" netUnrealizedAppr="77119773.70000000"/>
      </returnInfo>
      <mon1Flow redemption="59326508.30000000" reinvestment="0.00000000" sales="40954359.61000000"/>
      <mon2Flow redemption="17084804.96000000" reinvestment="0.00000000" sales="14091766.14000000"/>
      <mon3Flow redemption="20266690.92000000" reinvestment="0.00000000" sales="16600147.84000000"/>
      
      
    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>GMO High Yield Fund</name>
        <lei>5493003UZ8Q1SLUPQX65</lei>
        <title>GMO High Yield Fund</title>
        <cusip>362014532</cusip>
        <identifiers>
          <isin value="US3620145322"/>
        </identifiers>
        <balance>1464482.01000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25687014.47000000</valUSD>
        <pctVal>0.988350321191</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 Opportunistic Income Fund</name>
        <lei>5493000NQRD0885G4P95</lei>
        <title>GMO Opportunistic Income Fund</title>
        <cusip>362013112</cusip>
        <identifiers>
          <isin value="US3620131124"/>
        </identifiers>
        <balance>2014715.37000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>48856847.77000000</valUSD>
        <pctVal>1.879847938042</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>3327752.58000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3327752.58000000</valUSD>
        <pctVal>0.128040778547</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 Climate Change Fund</name>
        <lei>549300YHGBL4FWUNIF94</lei>
        <title>GMO Climate Change Fund</title>
        <cusip>362014615</cusip>
        <identifiers>
          <isin value="US3620146155"/>
        </identifiers>
        <balance>894423.43000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28746768.91000000</valUSD>
        <pctVal>1.106079428522</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 Alternative Allocation Fund</name>
        <lei>549300NEZ72NVUM4S865</lei>
        <title>GMO Alternative Allocation Fund</title>
        <cusip>362014466</cusip>
        <identifiers>
          <isin value="US3620144663"/>
        </identifiers>
        <balance>17221149.57000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>318763478.45000000</valUSD>
        <pctVal>12.26495148660</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 Implementation Fund</name>
        <lei>EJTCG40ZNRD9J2UWZ659</lei>
        <title>GMO Implementation Fund</title>
        <cusip>362014508</cusip>
        <identifiers>
          <isin value="US3620145082"/>
        </identifiers>
        <balance>125161151.20000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2175300807.82000000</valUSD>
        <pctVal>83.69829255980</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>2026-06-29</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>
  <documents>XXXX</documents>
</edgarSubmission>
