Goldman Sachs Equity Portfolios
Goldman Sachs Trust
Class A and B Shares
Supplement dated March 3, 1997 to the Prospectus of
Goldman Sachs Equity Portfolios dated May 1, 1996, as
revised December 1, 1996, and to the Prospectus of
Goldman Sachs Trust dated February 27, 1997.
The following supplements the information appearing under the
section "Offering Price -- Class A Shares":
An additional commission equal to 0.50% of the amount invested
in Class A shares of a Fund (except the Adjustable Rate Government
Fund) will be paid to Authorized Dealers during the period March 3,
1997 through May 31, 1997, if such purchase is at net asset value
without the payment of any sales charge because it is attributable
to redemption proceeds from a registered open-end management
investment company not distributed or managed by Goldman Sachs or
its affiliates in conformity with the requirements set forth in
applicable prospectus described above.
