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Exhibit (i)(14)
DRINKER BIDDLE & REATH LLP
One Logan Square
18/th/ and Cherry Streets
Philadelphia, PA 19103-6996
Phone: (215) 988-2700
Facsimile: (215) 988-2757
June 19, 2000
Goldman Sachs Trust
4900 Sears Tower
Chicago, IL 60606
RE: Research Select Fund of Goldman Sachs Trust
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Ladies and Gentlemen:
We have acted as counsel for Goldman Sachs Trust, a Delaware business trust
(the "Trust"), in connection with the registration under the Securities Act of
1933 of shares of beneficial interest representing interests in an additional
series, or fund, of the Trust known as the Research Select Fund. The Research
Select Fund has five classes of shares: Class A Shares, Class B Shares, Class C
Shares, Institutional Shares and Service Shares. The Trust is authorized to
issue an unlimited number of shares of each class. These classes are hereinafter
referred to as the "Shares."
We have reviewed the Trust's Declaration of Trust, its by-laws and
resolutions adopted by its Board of Trustees, and have considered such other
legal and factual matters as we have deemed appropriate.
This opinion is based exclusively on the Delaware Business Trust Act and
the federal law of the United States of America.
Based on the foregoing, we are of the opinion that the Shares, when issued
against payment therefor as described in the Trust's prospectuses relating
thereto, will be legally issued, fully paid and non-assessable by the Trust, and
that the holders of the Shares will be entitled to the same limitation of
personal liability extended to stockholders of private corporations for profit
organized under the general corporation law of the State of Delaware (except
that we express no opinion as to such holders who are also trustees of the
Trust). Pursuant to Section 2 of Article VIII of the Declaration of Trust, the
Trustees have the power to cause shareholders, or shareholders of a particular
series or class, to pay certain custodian, transfer, servicing or similar agent
charges by setting off the same against declared but unpaid dividends or by
reducing share ownership (or by both means).
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Goldman Sachs Trust
June 19, 2000
Page 2
We hereby consent to the filing of this opinion with the Securities and
Exchange Commission as part of a Post-Effective Amendment to the Registration
Statement of the Trust. Expect as provided in this paragraph, the opinion set
forth above is expressed solely for the benefit of the addressee hereof in
connection with the matters contemplated hereby and may not be relied upon by,
or filed with, any other person or entity or for any other purpose without our
prior written consent.
Very truly yours,
/s/ DRINKER BIDDLE & REATH LLP
KMM
