WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Goldman
Sachs Trust Annual Report dated August 31, 2000 and is qualified in its entirety
by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 723
<NAME> GS European Equity Fund-Institutional
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Aug-31-2000
<PERIOD-START> Sep-1-1999
<PERIOD-END> Aug-31-1999
<INVESTMENTS-AT-COST> 153,412,756
<INVESTMENTS-AT-VALUE> 162,158,407
<RECEIVABLES> 5,537,642
<ASSETS-OTHER> 263
<OTHER-ITEMS-ASSETS> 1,075,035
<TOTAL-ASSETS> 168,771,347
<PAYABLE-FOR-SECURITIES> 7,296,106
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 856,789
<TOTAL-LIABILITIES> 8,152,895
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 139,349,829
<SHARES-COMMON-STOCK> 1,045,348
<SHARES-COMMON-PRIOR> 504,557
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (1,170,986)
<ACCUMULATED-NET-GAINS> 13,747,696
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,691,913
<NET-ASSETS> 160,618,452
<DIVIDEND-INCOME> 2,063,666
<INTEREST-INCOME> 223,695
<OTHER-INCOME> 0
<EXPENSES-NET> (2,218,736)
<NET-INVESTMENT-INCOME> 68,625
<REALIZED-GAINS-CURRENT> 13,509,776
<APPREC-INCREASE-CURRENT> 4,489,515
<NET-CHANGE-FROM-OPS> 18,067,916
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (214,659)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 824,255
<NUMBER-OF-SHARES-REDEEMED> (299,728)
<SHARES-REINVESTED> 16,264
<NET-CHANGE-IN-ASSETS> 78,522,006
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 3,868,953
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,253,575
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,694,357
<AVERAGE-NET-ASSETS> 125,357,486
<PER-SHARE-NAV-BEGIN> 11.82
<PER-SHARE-NII> 0.10
<PER-SHARE-GAIN-APPREC> 2.79
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.71)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.00
<EXPENSE-RATIO> 1.14
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
