EXHIBIT 1
GMO TRUST
AMENDMENT NO. 26
TO
AGREEMENT AND DECLARATION OF TRUST
The undersigned, being a majority of the trustees of the GMO Trust, a
Massachusetts business trust created and existing under an Agreement and
Declaration of Trust dated June 24, 1985, a copy of which is on file in the
Office of the Secretary of The Commonwealth of Massachusetts (the "Trust"),
having determined that the creation of a new Series is desirable and
appropriate, do hereby direct that this Amendment No. 26 be filed with the
Secretary of The Commonwealth of Massachusetts and do hereby amend the Agreement
and Declaration of Trust so that the first sentence of Section 6 of Article III
of the Agreement and Declaration of Trust is amended and restated as follows:
"Without limiting the authority of the Trustees set forth in Section 5,
inter alia, to establish and designate any further Series or classes or
to modify the rights and preferences of any Series, the "GMO Core Fund"
(formerly the Domestic Equity Series), the "GMO Currency Hedged
International Bond Fund" (formerly the Domestic Equity (South Africa
Free) Series and the GMO SAF Core Fund), the "GMO Growth Allocation
Fund" (formerly the Domestic Equity Growth Series and the GMO Growth
Fund), the "GMO International Core Fund" (formerly the International
Series), the "GMO Core II Secondaries Fund" (formerly the GMO Second
Tier Fund), the "Pelican Fund," the "GMO Value Allocation Fund"
(formerly the Blue Chip Series and the U.K. Investors' Diversified
Equity Series), the "GMO International Small Companies Fund" (formerly
the International Small Capitalization Series and the GMO International
Second Tier Fund), the "GMO Conservative Equity Fund" (formerly the
International Large Capitalization Series and the GMO International
First Tier Fund), the "GMO Japan Fund" (formerly the Japan Series), the
"GMO International Bond Fund" (formerly the U.K. Series, the GMO U.K.
Fund, the GMO Global Bond Fund and the GMO World Bond Fund), the "GMO
Short-Term Income Fund" (formerly the Money Market Series), the "GMO
Tobacco-Free Core Fund," the "GMO Core Emerging Country Debt Fund"
(formerly the GMO Bond Allocation Fund and the GMO
Global Bond Fund), the "GMO Fundamental Value Fund," the "GMO U.S.
Sector Allocation Fund," the "GMO Emerging Markets Fund", the "GMO
Emerging Country Debt Fund" (formerly the GMO International SAF Fund
and the GMO Emerging Markets Debt Fund), the "GMO Domestic Bond Fund"
(formerly the GMO Domestic Hedged Equity Fund and the GMO Domestic T&A
Fund), the "GMO Currency Hedged International Core Fund" (formerly the
GMO Domestic Long Bond Fund, GMO International Hedged Equity Fund and
the GMO International T&A Fund), the "GMO Global Hedged Equity Fund"
(formerly the GMO Global T&A Fund), the "GMO REIT Fund", the "GMO
Foreign Fund" (formerly the GMO Global Core Fund), the "GMO Global Bond
Fund," the "GMO International Equity Allocation Fund," the "GMO
Traditional International Equity Fund," the "GMO World Equity
Allocation Fund," the "GMO Traditional World Equity Allocation Fund,"
the "GMO Global Equity Allocation Fund," the "GMO Traditional Global
Equity Allocation Fund," the "GMO Global Balanced Allocation Fund" and
the "GMO Traditional Global Balanced Allocation Fund" shall be, and are
hereby, established and designated."
The foregoing amendment shall become effective as of the time it is
filed with the Secretary of State of The Commonwealth of Massachusetts.
IN WITNESS WHEREOF, we have hereunto set our hands for ourselves and
for our successors and assigns this ____ day of _______, 1996.
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X. X. Xxxxxxxx
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Eyk Van Otterloo
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Xxxxxx Xxxxxxxx
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