GOLDMAN SACHS EQUITY PORTFOLIOS, INC.
(Class A Shares)
Goldman Sachs Asia Growth Fund
Goldman Sachs Balanced Fund
Goldman Sachs Capital Growth Fund
Goldman Sachs Growth and Income Fund
Goldman Sachs International Equity Fund
Goldman Sachs Select Equity Fund
Goldman Sachs Small Cap Equity Fund
dated June 1, 1995
(collectively, the "Equity Funds")
GOLDMAN SACHS TRUST
(Class A Shares)
GS Adjustable Rate Government Agency Fund, dated May 12, 1995
Goldman Sachs Global Income Fund, dated March 1, 1995
Goldman Sachs Government Income Fund, dated March 1, 1995
(collectively, the "Taxable Income Funds")
Supplement dated January 2, 1996 to the above Prospectuses
The entire amount of the sales charge described under "How to Invest--
Offering Price" for the Equity Funds and "Purchase of Shares--Offering Price"
for the Taxable Income Funds will be reallowed to Authorized Dealers during
the period January 2, 1996 through April 15, 1996 if shares of the Funds are
purchased through any Individual Retirement Account.