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August 29, 2000 Office of the Chief Accountant Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Dear Sir: We have read and agree with the statements contained in Sub-Item 77k of Form N-SAR of the Goldman Sachs Trust's Institutional Liquid Assets Portfolios, Financial Square Funds, Asset Allocation Portfolios and Specialty Funds. Very truly yours, /s/ Arthur Andersen LLP Arthur Andersen LLP
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