We have successfully fabricated MBE-grown GaAs field effect transistors employing a strained MQW buffer layer. Quarter micron gate device showed transconductance as high as 1.460mS/mm (900mS/mm extrinsic) at a current density of 620mA/mm. The measured fc was 75GHz. These high transconductances are, to the authors knowledge, the best reported for GaAs MESFETs.