GOLDMAN SACHS MONEY MARKET TRUST
497, 1996-08-05
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                     GOLDMAN SACHS MONEY MARKET TRUST
                          FINANCIAL SQUARE FUNDS

                                FST Shares
                         FST Administration Shares
                            FST Service Shares
                           FST Preferred Shares

                  --------------------------------------

                    Supplement dated August 5, 1996 to
                       Prospectuses dated May 1, 1996



     The second sentence under the section "Net Asset Value" will
be revised as follows:

     The net asset value of Government Fund and Treasury
Obligations Fund is determined as of 5:00 p.m. New York time on
each Business Day.

     The first sentence under the section "Distributions" will be
revised as follows:

     All or substantially all of each Fund's net investment
income will be declared daily (as of 4:00 p.m. New York time for
each Fund other than Government Fund and Treasury Obligations
Fund and as of 5:00 p.m. New York time for Government Fund and
Treasury Obligations Fund) as a dividend and distributed to FST
Shareholders monthly. 

     Additionally, under "Distributions" the following will be
included:

     The income declared as a dividend for the Treasury
Obligations Fund is based on estimates of net investment income for
the Fund.  Actual income may differ from estimates, and
differences, if any, will be included in the calculation of
subsequent dividends.

<PAGE>
     Parenthetical (1) and (2) under "Purchase of Shares"  are
revised as follows:

If order is received by Goldman Sachs        Dividends
- -------------------------------------        ---------

     (1) In the case of Taxable Funds (except for Government Fund 
and Treasury Obligations Fund)

By:       3:00 p.m. - N.Y. time              Same Business Day

- -----------------------------------------------------------------

After:    3:00 p.m. - N.Y. time              Next Business Day

     (2) In the case of Government Fund and Treasury Obligations
Fund

By:       5:00 p.m. - N.Y. time              Same Business Day

- -----------------------------------------------------------------

After:    5:00 p.m. - N.Y. time              Next Business Day

     Parenthetical (1) and (2) under "Redemption of Shares -
Payment of Redemption Proceeds and Dividends"  are revised as
follows:

Redemption Request       
Received by Goldman      Redemption Proceeds
Sachs                    Ordinarily             Dividends
- --------------------     -------------------    ----------

     (1) In the case of Taxable Funds (except for Government Fund
and Treasury Obligations Fund)

By:       3:00 p.m. -    Wired Same Business    Not earned on
          N.Y. Time      Day                    day request is
                                                received
- -----------------------------------------------------------------

After:    3:00 p.m. -    Wired Next Business    Earned on Day
          N.Y. Time      Day                    request is
                                                received

     (2) In the case of the Government Fund and Treasury
Obligations Fund

By:       5:00 p.m -     Wired Same Business    Not earned on
          N.Y. Time      Day                    Day request is
                                                received
- -----------------------------------------------------------------

After:    5:00 p.m. -    Wired Next Business    Earned on Day
          N.Y. Time      Day                    request is
                                                received



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