GOLDMAN SACHS EQUITY PORTFOLIOS INC
497, 1995-07-03
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                   Goldman Sachs Equity Portfolios, Inc.

                    Goldman Sachs Balanced Fund

                           ---------------------


              Supplement dated July 3, 1995 to the Prospectus
                            dated June 1, 1995


     The following replaces the first paragraph on page 38 under
the section entitled "How to Invest-Offering Price."

          For purchases of shares of the Balanced Fund during the
period July 1, 1995 through August 31, 1995, the entire amount of
the sales charge will be reallowed to Authorized Dealers.



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