GOLDMAN SACHS EQUITY PORTFOLIOS INC
497, 1995-07-24
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                   Goldman Sachs Equity Portfolios, Inc.

                     Goldman Sachs Capital Growth Fund

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


                    Supplement dated July 25, 1995 to
                    the Prospectus dated June 1, 1995

     The following replaces the last full paragraph on page 33
under the section entitled "Management-Investment Advisers,
Subadviser and Administrator."

          The Capital Growth Fund's portfolio managers are
Mitchell E. Cantor and Paul D. Farrell. See below for information
regarding Mr. Farrell.




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