GOLDMAN SACHS TRUST
NSAR-A, EX-99.77Q1-(E), 2000-06-29
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Item 77Q1-(e) - COPIES OF NEW OR AMENDED ADVISORY CONTRACTS:

                                 Amended Annex A

The compensation  payable under Paragraph 5 of the Management  Agreement between
Goldman Sachs Trust and each of the undersigned shall be as follows:

Goldman Sachs Asset Management
                                                                 Annual
                                                                  Rate
Goldman Sachs Government Income Fund                              0.65%
Goldman Sachs Municipal Income Fund                               0.55%
Goldman Sachs High Yield Fund                                     0.70%
Goldman Sachs High Yield Municipal Fund8                          0.55%
Goldman Sachs Enhanced Cash Fund9                                 0.25%
Goldman Sachs Balanced Fund                                       0.65%
Goldman Sachs Growth and Income Fund                              0.70%
Goldman Sachs CORE Large Cap Value Fund4                          0.60%
Goldman Sachs CORE Large Cap Growth Fund                          0.75%
Goldman Sachs CORE Small Cap Equity Fund1                         1.00%
Goldman Sachs CORE International Equity Fund1                     1.00%
Goldman Sachs CORE Tax -Managed Equity Fund7                      0.75%
Goldman Sachs Mid Cap Value Fund                                  0.75%
Goldman Sachs Small Cap Value Fund                                1.00%
Goldman Sachs Real Estate Securities Fund1                        1.00%
Goldman Sachs Strategic Growth Fund5                              1.00%
Goldman Sachs Growth Opportunities Fund5                          1.00%
Goldman Sachs Internet Tollkeeper Fund6                           1.00%
Goldman Sachs Large Cap Value Fund8                               0.75%
Goldman Sachs Research Select Fund9                               1.00%
Goldman Sachs-Financial Square Prime Obligations Fund             0.205%
Goldman Sachs-Financial Square Money Market Fund                  0.205%
Goldman Sachs-Financial Square Treasury Obligations Fund          0.205%
Goldman Sachs-Financial Square Treasury Instruments Fund          0.205%
Goldman Sachs-Financial Square Government Fund                    0.205%
Goldman Sachs-Financial Square Federal Fund                       0.205%
Goldman Sachs-Financial Square Tax-Free Money Market Fund         0.205%

Goldman Sachs Funds Management L.P.
Goldman Sachs CORE U.S. Equity Fund                               0.75%
Goldman Sachs Capital Growth Fund                                 1.00%

Goldman Sachs Asset Management International
Goldman Sachs Global Income Fund                                  0.90%
Goldman Sachs International Equity Fund                           1.00%
Goldman Sachs Emerging Markets Equity Fund                        1.20%
Goldman Sachs Asia Growth Fund                                    1.00%
Goldman Sachs International Small Cap Fund2                       1.20%
Goldman Sachs Japanese Equity Fund2                               1.00%
Goldman Sachs European Equity Fund3                               1.00%



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1 Please note that the CORE Small Cap Equity  Fund,  CORE  International
Equity Fund and Real Estate Securities Fund were approved at the July 21, 1997
Goldman Sachs Trust Board Meeting.
2 Please note that the  International  Small Cap Fund and  Japanese  Equity Fund
were approved at the April 23, 1998 Goldman Sachs Trust Board Meeting.
3 Please note that the  European  Equity Fund was  approved at the July 22,
1998  Goldman Sachs Trust Board Meeting.
4 Please note that the CORE Large Cap Value Fund was approved at the
November 3, 1998  Goldman  Sachs Trust Board  Meeting.
5 Please note that the Strategic Growth Fund and Growth Opportunities Fund
were approved at the April 28, 1999 Goldman Sachs Trust Board Meeting.
6 Please note that the Internet  Tollkeeper  Fund was approved at the
July 27, 1999 Goldman Sachs Trust Board  Meeting.
7 Please note that the Large Cap Value Fund was approved at the October 26,
1999 Goldman Sachs Trust Board Meeting.
8 Please note that the High Yield Municipal Fund and the CORE  Tax-Managed
Equity Fund were approved at the February 3, 2000 Goldman Sachs Trust
Board Meeting.
9 Please not that the Goldman  Sachs  Research  Select  Fund and  Goldman
Sachs Enhanced Cash Fund were approved at the April 26, 2000 Goldman Sachs
Trust Board Meeting.



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