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GOLDMAN SACHS TRUST
GOLDMAN SACHS DOMESTIC EQUITY FUNDS
Institutional Shares
Service Shares
Class A, B and C Shares
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Supplement dated September 22, 2000 to
Prospectuses dated November 30, 1999
Goldman Sachs Small Cap Value Fund
Under the section titled "Fund Investment Objectives and Strategies--Principal
Investment Strategies" for the Goldman Sachs Small Cap Value Fund, the first
sentence is revised as follows:
"Equity Securities. The Fund invests, under normal circumstances, at least 65%
of its total assets in equity securities of companies with public stock market
capitalizations (based upon shares available for trading on an unrestricted
basis) within the range of the market capitalization of companies constituting
the Russell 2000 Value Index at the time of investment (currently between $20
million and $3 billion)."
The fourth sentence of this section is revised as follows:
"If the market capitalization of a company held by the Fund moves outside this
range, the Fund may, consistent with its investment objective, continue to
hold the security."
The third paragraph of this section is revised as follows:
"Other. The Fund may invest in the aggregate up to 35% of its total assets in
companies with public stock market capitalizations outside the range of the
market capitalization of companies constituting the Russell 2000 Value Index
at the time of investment and in fixed-income securities, such as government,
corporate and bank debt obligations."
Quantitative Equity Team
Under "Service Providers--Fund Managers" the information for the Quantitative
Equity Team is revised to delete Kent A. Clark.
EQDOMSTCK 1000
515543
