<PAGE> PAGE 1
000 A000000 07/31/96
000 C000000 860118
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 GOLDMAN SACHS EQUITY PORTFOLIOS, INC.
001 B000000 811-6036
001 C000000 8005267384
002 A000000 ONE NEW YORK PLAZA
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10004
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 8
007 C010100 1
007 C020100 GOLDMAN SACHS CAPITAL GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 GOLDMAN SACHS SELECT EQUITY FUND
007 C030200 N
007 C010300 3
007 C020300 GOLDMAN SACHS SMALL CAP EQUITY FUND
007 C030300 N
007 C010400 4
007 C020400 GOLDMAN SACHS INTERNATIONAL EQUITY FUND
007 C030400 N
007 C010500 5
007 C020500 GOLDMAN SACHS GROWTH AND INCOME FUND
007 C030500 N
007 C010600 6
007 C020600 GOLDMAN SACHS ASIA GROWTH FUND
007 C030600 N
007 C010700 7
007 C020700 GOLDMAN SACHS BALANCED FUND
007 C030700 N
007 C010800 8
007 C020800 GOLDMAN SACHS MID-CAP EQUITY FUND
007 C030800 N
007 C010900 9
007 C011000 10
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
<PAGE> PAGE 2
015 C02AA01 MA
015 C03AA01 02105
015 E01AA01 X
015 A00AA02 CHEMICAL BANK, N.A.
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10017
015 E01AA02 X
015 A00AA03 BANKERS TRUST COMPANY
015 B00AA03 S
015 C01AA03 NEW YORK
015 C02AA03 NY
015 C03AA03 10015
015 E01AA03 X
015 A00AA04 MORGAN GUARANTY TRUST CO.
015 B00AA04 S
015 C01AA04 NEW YORK
015 C02AA04 NY
015 C03AA04 10015
015 E01AA04 X
015 A00AA05 BANK OF AMERICA
015 B00AA05 S
015 C01AA05 SAN FRANCISCO
015 C02AA05 CA
015 C03AA05 90071
015 E01AA05 X
015 A00AA06 CITIBANK, N.A.
015 B00AA06 S
015 C01AA06 BUENOS AIRES
015 D01AA06 ARGENTINA
015 E04AA06 X
015 A00AA07 WESTPAC BANKING CORPORATION
015 B00AA07 S
015 C01AA07 SYDNEY
015 D01AA07 AUSTRALIA
015 E04AA07 X
015 A00AA08 GIROCREDIT BANK
015 B00AA08 S
015 C01AA08 VIENNA
015 D01AA08 AUSTRIA
015 E04AA08 X
015 A00AA09 GENERALE BANK
015 B00AA09 S
015 C01AA09 BRUSSELS
015 D01AA09 BELGIUM
015 E04AA09 X
015 A00AA10 STANDARD CHARTERED BANK
015 B00AA10 S
015 C01AA10 DHAKA
015 D01AA10 BANGLADESH
<PAGE> PAGE 3
015 E04AA10 X
015 A00AA11 CITIBANK, N.A.
015 B00AA11 S
015 C01AA11 SAO PAULO
015 D01AA11 BRAZIL
015 E04AA11 X
015 A00AA12 CANADA TRUSTCO
015 B00AA12 S
015 C01AA12 TORONTO
015 D01AA12 CANADA
015 E04AA12 X
015 A00AA13 CITIBANK, N.A.
015 B00AA13 S
015 C01AA13 SANTIAGO
015 D01AA13 CHILE
015 E04AA13 X
015 A00AA14 HONKONG AND SHANGHAI BANKING CORP. LIMITED
015 B00AA14 S
015 C01AA14 SHANGHAI
015 D01AA14 CHINA
015 E04AA14 X
015 A00AA15 HONGKONG AND SHANGHAI BANKING CORP. LIMITED
015 B00AA15 S
015 C01AA15 SHENZHEN
015 D01AA15 CHINA
015 E04AA15 X
015 A00AA16 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA16 S
015 C01AA16 BOGOTA
015 D01AA16 COLOMBIA
015 E04AA16 X
015 A00AA17 DEN DANSKE BANK
015 B00AA17 S
015 C01AA17 COPENHAGEN
015 D01AA17 DENMARK
015 E04AA17 X
015 A00AA18 MERITA BANK LIMITED
015 B00AA18 S
015 C01AA18 HELSINKI
015 D01AA18 FINLAND
015 E04AA18 X
015 A00AA19 BANQUE PARIBAS
015 B00AA19 S
015 C01AA19 PARIS
015 D01AA19 FRANCE
015 E04AA19 X
015 A00AA20 DRESDNER BANK AG
015 B00AA20 S
015 C01AA20 FRANKFURT
015 D01AA20 GERMANY
015 E04AA20 X
<PAGE> PAGE 4
015 A00AA21 NATIONAL BANK OF GREECE S.A.
015 B00AA21 S
015 C01AA21 ATHENS
015 D01AA21 GREECE
015 E04AA21 X
015 A00AA22 STANDARD CHARTERED BANK
015 B00AA22 S
015 C01AA22 HONG KONG
015 D01AA22 HONG KONG
015 E04AA22 X
015 A00AA23 CITIBANK BUDAPEST RT
015 B00AA23 S
015 C01AA23 BUDAPEST
015 D01AA23 HUNGARY
015 E04AA23 X
015 A00AA24 HONGKONG AND SHANGHAI BANKING CORP. LIMITED
015 B00AA24 S
015 C01AA24 BOMBAY
015 D01AA24 INDIA
015 E04AA24 X
015 A00AA25 STANDARD CHARTERED BANK
015 B00AA25 S
015 C01AA25 JAKARTA
015 D01AA25 INDONESIA
015 E04AA25 X
015 A00AA26 BANK OF IRELAND
015 B00AA26 S
015 C01AA26 DUBLIN
015 D01AA26 IRELAND
015 E04AA26 X
015 A00AA27 BANK HAPOALIM, B.M.
015 B00AA27 S
015 C01AA27 TEL AVIV
015 D01AA27 ISRAEL
015 E04AA27 X
015 A00AA28 MORGAN GUARANTY TRUST COMPANY
015 B00AA28 S
015 C01AA28 MILAN
015 D01AA28 ITALY
015 E04AA28 X
015 A00AA29 SUMITOMO TRUST & BANKING CO., LTD.
015 B00AA29 S
015 C01AA29 TOKYO
015 D01AA29 JAPAN
015 E04AA29 X
015 A00AA30 SEOULBANK
015 B00AA30 S
015 C01AA30 SEOUL
015 D01AA30 KOREA
015 E04AA30 X
015 A00AA31 STANDARD CHARTERED BANK MALAYSIA BIRHAD
<PAGE> PAGE 5
015 B00AA31 S
015 C01AA31 KUALA LUMPUR
015 D01AA31 MALAYSIA
015 E04AA31 X
015 A00AA32 CITIBANK S.A. MEXICO
015 B00AA32 S
015 C01AA32 MEXICO CITY
015 D01AA32 MEXICO
015 E04AA32 X
015 A00AA33 MEESPIERSON N.V.
015 B00AA33 S
015 C01AA33 AMSTERDAM
015 D01AA33 NETHERLANDS
015 E04AA33 X
015 A00AA34 ANZ BANKING GROUP (NEW ZEALAND) LIMITED
015 B00AA34 S
015 C01AA34 WELLINGTON
015 D01AA34 NEW ZEALAND
015 E04AA34 X
015 A00AA35 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA35 S
015 C01AA35 OSLO
015 D01AA35 NORWAY
015 E04AA35 X
015 A00AA36 STANDARD CHARTERED BANK
015 B00AA36 S
015 C01AA36 MANILA
015 D01AA36 PHILIPPINES
015 E04AA36 X
015 A00AA37 DEUTSCHE BANK
015 B00AA37 S
015 C01AA37 KARACHI
015 D01AA37 PAKISTAN
015 E04AA37 X
015 A00AA38 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B00AA38 S
015 C01AA38 HARARE
015 D01AA38 ZIMBABWE
015 E04AA38 X
015 A00AA39 BARCLAYS BANK OF BOTWSANA LIMITED
015 B00AA39 S
015 C01AA39 GABORONE
015 D01AA39 BOTSWANA
015 E04AA39 X
015 A00AA40 BANCO COMERCIAL PORTGUES
015 B00AA40 S
015 C01AA40 LISBON
015 D01AA40 PORTUGAL
015 E04AA40 X
015 A00AA41 THE DEVELOPMENT BANK OF SINGAPORE LTD.
015 B00AA41 S
<PAGE> PAGE 6
015 C01AA41 SINGAPORE
015 D01AA41 SINGAPORE
015 E04AA41 X
015 A00AA42 BANCO SANTANDER, S.A.
015 B00AA42 S
015 C01AA42 MADRID
015 D01AA42 SPAIN
015 E04AA42 X
015 A00AA43 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA43 S
015 C01AA43 STOCKHOLM
015 D01AA43 SWEDEN
015 E04AA43 X
015 A00AA44 UNION BANK OF SWITZERLAND
015 B00AA44 S
015 C01AA44 ZURICH
015 D01AA44 SWITZERLAND
015 E04AA44 X
015 A00AA45 CENTRAL TRUST OF CHINA
015 B00AA45 S
015 C01AA45 TAIPAI
015 D01AA45 TAIWAN
015 E04AA45 X
015 A00AA46 STANDARD CHARTERED BANK
015 B00AA46 S
015 C01AA46 BANGKOK
015 D01AA46 THAILAND
015 E04AA46 X
015 A00AA47 CITIBANK N.A.
015 B00AA47 S
015 C01AA47 ISTANBUL
015 D01AA47 TURKEY
015 E04AA47 X
015 A00AA48 STATE STREET LONDON LTD.
015 B00AA48 S
015 C01AA48 LONDON
015 D01AA48 GREAT BRITAIN
015 E04AA48 X
015 A00AA49 CITIBANK, N.A. URAGUAY - MONTEVIDEO
015 B00AA49 S
015 C01AA49 MONTEVIDEO
015 D01AA49 URAGUAY
015 E04AA49 X
015 A00AA50 CITIBANK N.A.
015 B00AA50 S
015 C01AA50 CARACAS
015 D01AA50 VENEZUELA
015 E04AA50 X
015 A00AA51 CITIBANK N.A.
015 B00AA51 S
015 C01AA51 LIMA
<PAGE> PAGE 7
015 D01AA51 PERU
015 E04AA51 X
015 A00AA52 THE HONGKONG AND SHANGHAI BANKING CORP.
015 B00AA52 S
015 C01AA52 COLOMBO
015 D01AA52 SRI LANKA
015 E04AA52 X
015 A00AA53 BARCLAYS BANK PLC
015 B00AA53 S
015 C01AA53 NICOSIA
015 D01AA53 CYPRUS
015 E04AA53 X
015 A00AA54 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA54 S
015 C01AA54 PRAGUE
015 D01AA54 CZECH REPUBLIC
015 E04AA54 X
015 A00AA55 NATIONAL BANK OF EGYPT
015 B00AA55 S
015 C01AA55 CAIRO
015 D01AA55 EGYPT
015 E04AA55 X
015 A00AA56 BARCLAYS BANK OF GHANA LIMITED
015 B00AA56 S
015 C01AA56 ACCRA
015 D01AA56 GHANA
015 E04AA56 X
015 A00AA57 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA57 S
015 C01AA57 AMMAN
015 D01AA57 JORDAN
015 E04AA57 X
015 A00AA58 BARCLAYS BANK OF KENYA LIMITED
015 B00AA58 S
015 C01AA58 NAIROBI
015 D01AA58 KENYA
015 E04AA58 X
015 A00AA59 BANQUE COMMERCIALE DU MAROC
015 B00AA59 S
015 C01AA59 CASABLANCA
015 D01AA59 MOROCCO
015 E04AA59 X
015 A00AA60 CITIBANK POLAND S.A.
015 B00AA60 S
015 C01AA60 WARSAW
015 D01AA60 POLAND
015 E04AA60 X
015 A00AA61 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA61 S
015 C01AA61 JOHANNESBURG
015 D01AA61 SOUTH AFRICA
<PAGE> PAGE 8
015 E04AA61 X
015 A00AA62 BARCLAYS BANK OF ZAMBIA LIMITED
015 B00AA62 S
015 C01AA62 LUSAKA
015 D01AA62 ZAMBIA
015 E04AA62 X
015 A00AA63 THE HONGKONG AND SHANGHAI BANKING CORP. LTD
015 B00AA63 S
015 C01AA63 PORT LOUIS
015 D01AA63 MAURITIUS
015 E04AA63 X
015 A00AA64 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B00AA64 S
015 C01AA64 BRATISLAVA
015 D01AA64 SLOVAK REPUBLIC
015 E04AA64 X
015 A00AA65 BARCLAYS BANK OF SWAZILAND LIMITED
015 B00AA65 S
015 C01AA65 MBABANE
015 D01AA65 SWAZILAND
015 E04AA65 X
015 A00AA66 DEUTSCHE BANK AG
015 B00AA66 S
015 C01AA66 BOMBAY
015 D01AA66 INDIA
015 E04AA66 X
015 A00AA67 CITIBANK N.A.
015 B00AA67 S
015 C01AA67 QUITO
015 D01AA67 ECUADOR
015 E04AA67 X
015 A00AA68 SOCIETE GENERAL DE BANQUES EN COTE D'IVOIRE
015 B00AA68 S
015 C01AA68 ADIDJAN
015 D01AA68 IVORY COAST
015 E04AA68 X
015 A00AA69 CREDIT SUISSE VIA C.S. (MOSCOW) LTD.
015 B00AA69 S
015 C01AA69 MOSCOW
015 D01AA69 RUSSIA
015 E04AA69 X
015 A00AA70 THE DAIWA BANK LIMITED
015 B00AA70 S
015 C01AA70 TOKYO
015 D01AA70 JAPAN
015 E04AA70 X
015 A00AA71 THE FUJI BANK LIMITED
015 B00AA71 S
015 C01AA71 TOKYO
015 D01AA71 JAPAN
015 E04AA71 X
<PAGE> PAGE 9
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 58
019 C00AA00 FUNDSGROUP
020 A000001 GOLDMAN SACHS
020 B000001 13-5108880
020 C000001 298
020 A000002 MERRILL LYNCH
020 B000002 13-5674085
020 C000002 217
020 A000003 MORGAN STANLEY
020 B000003 13-2655990
020 C000003 187
020 A000004 SALOMON BROTHERS
020 B000004 13-3082694
020 C000004 165
020 A000005 W.I. CARR
020 C000005 160
020 A000006 J.P. MORGAN
020 B000006 13-2625764
020 C000006 142
020 A000007 JARDINE FLEMING
020 C000007 130
020 A000008 SANFORD BERNSTEIN
020 B000008 13-2625874
020 C000008 119
020 A000009 SMITH BARNEY
020 B000009 13-1912900
020 C000009 115
020 A000010 BARING SECURITIES
020 C000010 113
021 000000 3230
022 A000001 LEHMAN BROTHERS
022 B000001 13-2663822
022 C000001 7063670
022 D000001 8865
022 A000002 SALOMON BROTHERS
022 B000002 22-1660266
022 C000002 2900173
022 D000002 50842
022 A000003 CHEMICAL SECURITIES
022 B000003 13-2624428
022 C000003 2865642
022 D000003 0
022 A000004 DAIWA SECURITIES
022 B000004 13-5680329
022 C000004 1335299
022 D000004 0
022 A000005 J.P. MORGAN
022 B000005 13-2625764
022 C000005 925307
<PAGE> PAGE 10
022 D000005 5126
022 A000006 NOMURA SECURITIES
022 B000006 13-5123346
022 C000006 843804
022 D000006 0
022 A000007 ABN AMRO SECURITIES
022 C000007 788914
022 D000007 0
022 A000008 MORGAN STANLEY
022 B000008 13-2655990
022 C000008 204801
022 D000008 16538
022 A000009 SWISS BANK CORP.
022 B000009 13-2639550
022 C000009 216949
022 D000009 0
022 A000010 BANKERS TRUST
022 C000010 207802
022 D000010 505
023 C000000 18106804
023 D000000 162764
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
034 00AA00 Y
035 00AA00 466
036 A00AA00 Y
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 Y
041 00AA00 Y
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
<PAGE> PAGE 11
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 Y
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
025 A000101 LEHMAN BROTHERS
025 B000101 13-2663822
025 C000101 E
025 D000101 13204
025 A000102 LEHMAN BROTHERS
025 B000102 13-2663822
025 C000102 D
025 D000102 27526
025 A000103 DAIWA SECURITIES
025 B000103 13-5680329
025 C000103 D
025 D000103 11545
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 7277
028 A020100 0
028 A030100 0
028 A040100 31784
028 B010100 7191
028 B020100 3
028 B030100 0
028 B040100 19537
<PAGE> PAGE 12
028 C010100 7044
028 C020100 0
028 C030100 0
028 C040100 22241
028 D010100 6288
028 D020100 6
028 D030100 0
028 D040100 13661
028 E010100 6475
028 E020100 0
028 E030100 0
028 E040100 11678
028 F010100 4651
028 F020100 1
028 F030100 0
028 F040100 10290
028 G010100 38926
028 G020100 10
028 G030100 0
028 G040100 109191
028 H000100 20721
029 000100 Y
030 A000100 753
030 B000100 5.50
030 C000100 5.00
031 A000100 170
031 B000100 0
032 000100 584
033 000100 0
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 100
043 000100 1078
044 000100 0
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
053 B000100 Y
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 Y
070 C010100 Y
070 C020100 N
<PAGE> PAGE 13
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
070 N010100 Y
070 N020100 Y
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 207868
071 B000100 283525
071 C000100 813946
071 D000100 26
072 A000100 6
072 B000100 1477
072 C000100 7775
072 D000100 0
072 E000100 0
072 F000100 3233
072 G000100 1078
072 H000100 0
072 I000100 373
072 J000100 62
072 K000100 0
072 L000100 11
072 M000100 7
072 N000100 29
072 O000100 0
072 P000100 0
072 Q000100 0
<PAGE> PAGE 14
072 R000100 15
072 S000100 7
072 T000100 1078
072 U000100 0
072 V000100 0
072 W000100 1134
072 X000100 7018
072 Y000100 1077
072 Z000100 3311
072AA000100 28433
072BB000100 0
072CC010100 0
072CC020100 22336
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 66
074 B000100 46600
074 C000100 0
074 D000100 0
074 E000100 667
074 F000100 777234
074 G000100 0
074 H000100 0
074 I000100 477
074 J000100 7162
074 K000100 0
074 L000100 1235
074 M000100 12
074 N000100 833453
074 O000100 11624
074 P000100 940
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 681
074 S000100 0
074 T000100 820208
074 U010100 54481
074 U020100 57
074 V010100 15.04
074 V020100 15.02
074 W000100 0.0000
074 X000100 31050
074 Y000100 0
075 A000100 0
<PAGE> PAGE 15
075 B000100 726282
076 000100 0.00
025 A000201 MERRILL LYNCH
025 B000201 13-5674085
025 C000201 E
025 D000201 2349
025 A000202 MORGAN STANLEY
025 B000202 13-2655990
025 C000202 E
025 D000202 1628
025 A000203 DAIWA SECURITIES
025 B000203 13-5680329
025 C000203 D
025 D000203 1685
025 A000204 LEHMAN BROTHERS
025 B000204 13-2663822
025 C000204 D
025 D000204 4017
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 22065
028 A020200 0
028 A030200 0
028 A040200 1956
028 B010200 9158
028 B020200 0
028 B030200 0
028 B040200 1695
028 C010200 11414
028 C020200 0
028 C030200 0
028 C040200 1523
028 D010200 7911
028 D020200 2
028 D030200 0
028 D040200 3766
028 E010200 6256
028 E020200 0
028 E030200 0
028 E040200 1110
028 F010200 21842
028 F020200 0
028 F030200 0
028 F040200 2134
028 G010200 78646
028 G020200 0
028 G030200 0
028 G040200 12184
028 H000200 26200
<PAGE> PAGE 16
029 000200 Y
030 A000200 995
030 B000200 5.50
030 C000200 5.00
031 A000200 190
031 B000200 0
032 000200 805
033 000200 0
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 100
043 000200 192
044 000200 0
049 000200 N
050 000200 N
051 000200 N
052 000200 N
053 A000200 Y
053 B000200 Y
071 A000200 104989
071 B000200 35448
071 C000200 228067
071 D000200 16
072 A000200 6
072 B000200 250
072 C000200 2455
072 D000200 0
072 E000200 0
072 F000200 584
072 G000200 292
072 H000200 0
072 I000200 123
072 J000200 40
072 K000200 0
072 L000200 6
072 M000200 2
072 N000200 37
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 15
072 S000200 6
072 T000200 192
072 U000200 10
072 V000200 0
072 W000200 218
<PAGE> PAGE 17
072 X000200 1525
072 Y000200 290
072 Z000200 1470
072AA000200 4501
072BB000200 0
072CC010200 0
072CC020200 4341
072DD010200 0
072DD020200 0
072EE000200 0
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 76
074 B000200 6800
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 255240
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 22
074 L000200 1393
074 M000200 13
074 N000200 263544
074 O000200 1032
074 P000200 196
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 348
074 S000200 0
074 T000200 261968
074 U010200 8147163
074 U020200 4970
074 V010200 19.93
074 V020200 0.00
074 W000200 0.0000
074 X000200 8865
074 Y000200 0
075 A000200 0
075 B000200 234850
076 000200 0.00
024 000300 N
025 A000301 DELETE
025 D000301 0
025 A000302 DELETE
<PAGE> PAGE 18
025 D000302 0
025 A000303 DELETE
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 1396
028 A020300 0
028 A030300 0
028 A040300 19816
028 B010300 6798
028 B020300 2
028 B030300 0
028 B040300 11272
028 C010300 2602
028 C020300 0
028 C030300 0
028 C040300 6973
028 D010300 5602
028 D020300 7
028 D030300 0
028 D040300 2490
028 E010300 5210
028 E020300 0
028 E030300 0
028 E040300 14174
028 F010300 3107
028 F020300 0
028 F030300 0
028 F040300 5395
028 G010300 24715
028 G020300 9
028 G030300 0
028 G040300 60120
028 H000300 8759
029 000300 Y
030 A000300 329
030 B000300 5.50
030 C000300 5.00
031 A000300 56
031 B000300 0
032 000300 273
033 000300 0
042 A000300 0
042 B000300 0
042 C000300 0
042 D000300 0
042 E000300 0
042 F000300 0
<PAGE> PAGE 19
042 G000300 0
042 H000300 100
043 000300 264
044 000300 0
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 Y
053 B000300 Y
055 A000300 Y
055 B000300 N
056 000300 Y
057 000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 Y
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 Y
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 89821
<PAGE> PAGE 20
071 B000300 103662
071 C000300 198998
071 D000300 45
072 A000300 6
072 B000300 358
072 C000300 458
072 D000300 0
072 E000300 0
072 F000300 791
072 G000300 264
072 H000300 0
072 I000300 213
072 J000300 33
072 K000300 0
072 L000300 3
072 M000300 2
072 N000300 16
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 15
072 S000300 3
072 T000300 264
072 U000300 9
072 V000300 0
072 W000300 295
072 X000300 1908
072 Y000300 263
072 Z000300 -829
072AA000300 20757
072BB000300 0
072CC010300 21629
072CC020300 0
072DD010300 0
072DD020300 0
072EE000300 0
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 74
074 B000300 500
074 C000300 0
074 D000300 395
074 E000300 0
074 F000300 206209
074 G000300 0
074 H000300 0
074 I000300 1760
074 J000300 3223
074 K000300 0
<PAGE> PAGE 21
074 L000300 0
074 M000300 380
074 N000300 212541
074 O000300 916
074 P000300 288
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 183
074 S000300 0
074 T000300 211154
074 U010300 9946293
074 U020300 33923
074 V010300 21.16
074 V020300 21.12
074 W000300 0.0000
074 X000300 16404
074 Y000300 0
075 A000300 0
075 B000300 212194
076 000300 0.00
024 000400 N
025 A000401 DELETE
025 D000401 0
025 D000402 0
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 26455
028 A020400 0
028 A030400 0
028 A040400 4441
028 B010400 11484
028 B020400 0
028 B030400 0
028 B040400 5500
028 C010400 26157
028 C020400 0
028 C030400 0
028 C040400 16034
028 D010400 14489
028 D020400 2
028 D030400 0
028 D040400 4026
028 E010400 18797
028 E020400 0
028 E030400 0
<PAGE> PAGE 22
028 E040400 6817
028 F010400 34574
028 F020400 1
028 F030400 0
028 F040400 4896
028 G010400 131956
028 G020400 3
028 G030400 0
028 G040400 41714
028 H000400 72170
029 000400 Y
030 A000400 1619
030 B000400 5.50
030 C000400 5.00
031 A000400 541
031 B000400 0
032 000400 1078
033 000400 0
042 A000400 0
042 B000400 0
042 C000400 0
042 D000400 0
042 E000400 0
042 F000400 0
042 G000400 0
042 H000400 100
043 000400 476
044 000400 0
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
053 B000400 Y
055 A000400 N
055 B000400 N
056 000400 Y
057 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
<PAGE> PAGE 23
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 Y
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 Y
070 P010400 Y
070 P020400 N
070 Q010400 Y
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 172087
071 B000400 91562
071 C000400 374523
071 D000400 24
072 A000400 6
072 B000400 617
072 C000400 3516
072 D000400 0
072 E000400 0
072 F000400 1481
072 G000400 494
072 H000400 0
072 I000400 224
072 J000400 427
072 K000400 0
072 L000400 10
072 M000400 3
072 N000400 47
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 15
072 S000400 5
072 T000400 476
072 U000400 9
072 V000400 0
072 W000400 518
072 X000400 3709
<PAGE> PAGE 24
072 Y000400 438
072 Z000400 862
072AA000400 16470
072BB000400 0
072CC010400 16869
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 57
074 B000400 0
074 C000400 31502
074 D000400 0
074 E000400 0
074 F000400 422114
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 9742
074 K000400 114
074 L000400 3518
074 M000400 573
074 N000400 467620
074 O000400 8609
074 P000400 522
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 3180
074 S000400 0
074 T000400 455309
074 U010400 22438
074 U020400 1666
074 V010400 18.89
074 V020400 0.00
074 W000400 0.0000
074 X000400 19247
074 Y000400 0
075 A000400 0
075 B000400 397244
076 000400 0.00
025 A000501 LEHMAN BROTHERS
025 B000501 13-2663822
025 C000501 E
025 D000501 4530
025 A000502 DAIWA SECURITIES
<PAGE> PAGE 25
025 B000502 13-5680329
025 C000502 D
025 D000502 3221
025 A000503 LEHMAN BROTHERS
025 B000503 13-2663822
025 C000503 D
025 D000503 7679
025 A000504 DELETE
025 D000504 0
025 A000505 DELETE
025 D000505 0
025 D000506 0
025 D000507 0
025 D000508 0
028 A010500 11935
028 A020500 0
028 A030500 0
028 A040500 6334
028 B010500 10336
028 B020500 1577
028 B030500 0
028 B040500 4573
028 C010500 10037
028 C020500 0
028 C030500 0
028 C040500 4852
028 D010500 9475
028 D020500 0
028 D030500 0
028 D040500 6563
028 E010500 7952
028 E020500 1720
028 E030500 0
028 E040500 5473
028 F010500 8895
028 F020500 1
028 F030500 0
028 F040500 5033
028 G010500 58633
028 G020500 3297
028 G030500 0
028 G040500 32828
028 H000500 37736
029 000500 Y
030 A000500 1678
030 B000500 5.50
030 C000500 5.00
031 A000500 255
031 B000500 0
032 000500 1423
033 000500 0
<PAGE> PAGE 26
042 A000500 0
042 B000500 0
042 C000500 0
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 100
043 000500 583
044 000500 0
071 A000500 179752
071 B000500 112058
071 C000500 443873
071 D000500 25
072 A000500 6
072 B000500 550
072 C000500 7269
072 D000500 0
072 E000500 0
072 F000500 1279
072 G000500 349
072 H000500 0
072 I000500 339
072 J000500 50
072 K000500 0
072 L000500 11
072 M000500 3
072 N000500 32
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 15
072 S000500 3
072 T000500 583
072 U000500 10
072 V000500 0
072 W000500 623
072 X000500 3297
072 Y000500 549
072 Z000500 5071
072AA000500 21858
072BB000500 0
072CC010500 0
072CC020500 18951
072DD010500 3514
072DD020500 5
072EE000500 0
073 A010500 0.1800
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
<PAGE> PAGE 27
074 A000500 71
074 B000500 13000
074 C000500 0
074 D000500 0
074 E000500 3598
074 F000500 453467
074 G000500 0
074 H000500 0
074 I000500 364
074 J000500 4819
074 K000500 0
074 L000500 1468
074 M000500 39
074 N000500 476826
074 O000500 5572
074 P000500 400
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 537
074 S000500 0
074 T000500 470317
074 U010500 23132
074 U020500 137
074 V010500 20.22
074 V020500 0.00
074 W000500 0.0000
074 X000500 29253
074 Y000500 0
075 A000500 0
075 B000500 397244
076 000500 0.00
024 000600 N
025 A000601 DELETE
025 D000601 0
025 D000602 0
025 D000603 0
025 D000604 0
025 D000605 0
025 D000606 0
025 D000607 0
025 D000608 0
028 A010600 25644
028 A020600 0
028 A030600 0
028 A040600 6715
028 B010600 10218
028 B020600 0
028 B030600 0
028 B040600 1856
<PAGE> PAGE 28
028 C010600 11748
028 C020600 0
028 C030600 0
028 C040600 1634
028 D010600 11246
028 D020600 0
028 D030600 0
028 D040600 3194
028 E010600 11526
028 E020600 0
028 E030600 0
028 E040600 2514
028 F010600 15719
028 F020600 0
028 F030600 0
028 F040600 4287
028 G010600 86101
028 G020600 0
028 G030600 0
028 G040600 20200
028 H000600 53180
029 000600 Y
030 A000600 1196
030 B000600 5.50
030 C000600 5.00
031 A000600 681
031 B000600 0
032 000600 515
033 000600 0
042 A000600 0
042 B000600 0
042 C000600 0
042 D000600 0
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 100
043 000600 301
044 000600 0
055 A000600 N
055 B000600 N
056 000600 Y
057 000600 N
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
<PAGE> PAGE 29
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 Y
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 Y
070 M010600 Y
070 M020600 Y
070 N010600 Y
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 115126
071 B000600 57181
071 C000600 233114
071 D000600 25
072 A000600 6
072 B000600 363
072 C000600 2337
072 D000600 0
072 E000600 0
072 F000600 916
072 G000600 305
072 H000600 0
072 I000600 158
072 J000600 283
072 K000600 0
072 L000600 6
072 M000600 2
072 N000600 35
072 O000600 0
072 P000600 0
072 Q000600 0
072 R000600 15
072 S000600 12
<PAGE> PAGE 30
072 T000600 301
072 U000600 16
072 V000600 0
072 W000600 339
072 X000600 2388
072 Y000600 334
072 Z000600 646
072AA000600 1833
072BB000600 0
072CC010600 19002
072CC020600 0
072DD010600 0
072DD020600 0
072EE000600 0
073 A010600 0.0000
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 559
074 B000600 0
074 C000600 14258
074 D000600 584
074 E000600 0
074 F000600 240012
074 G000600 0
074 H000600 0
074 I000600 426
074 J000600 537
074 K000600 80
074 L000600 3012
074 M000600 95
074 N000600 259563
074 O000600 2059
074 P000600 341
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 2245
074 S000600 0
074 T000600 254918
074 U010600 16093
074 U020600 307
074 V010600 15.55
074 V020600 0.00
074 W000600 0.0000
074 X000600 11939
074 Y000600 0
075 A000600 0
075 B000600 245554
076 000600 0.00
<PAGE> PAGE 31
025 A000701 LEHMAN BROTHERS
025 B000701 13-2663822
025 C000701 E
025 D000701 303
025 A000702 CHEMICAL SECURITIES
025 B000702 13-2624428
025 C000702 D
025 D000702 137
025 A000703 DAIWA SECURITIES
025 B000703 13-5680329
025 C000703 D
025 D000703 1908
025 A000704 LEHMAN BROTHERS
025 B000704 13-2663822
025 C000704 D
025 D000704 4548
025 A000705 DELETE
025 D000705 0
025 D000706 0
025 D000707 0
025 D000708 0
028 A010700 3020
028 A020700 0
028 A030700 0
028 A040700 498
028 B010700 1955
028 B020700 345
028 B030700 0
028 B040700 581
028 C010700 958
028 C020700 0
028 C030700 0
028 C040700 0
028 D010700 1698
028 D020700 0
028 D030700 0
028 D040700 829
028 E010700 1324
028 E020700 454
028 E030700 0
028 E040700 677
028 F010700 1243
028 F020700 1
028 F030700 0
028 F040700 729
028 G010700 10198
028 G020700 800
028 G030700 0
028 G040700 3314
028 H000700 6554
029 000700 Y
<PAGE> PAGE 32
030 A000700 283
030 B000700 5.50
030 C000700 5.00
031 A000700 53
031 B000700 0
032 000700 230
033 000700 0
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 100
043 000700 70
044 000700 0
055 A000700 N
055 B000700 N
056 000700 Y
057 000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 Y
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 Y
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
<PAGE> PAGE 33
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 75598
071 B000700 65656
071 C000700 53090
071 D000700 124
072 A000700 6
072 B000700 961
072 C000700 462
072 D000700 0
072 E000700 0
072 F000700 140
072 G000700 42
072 H000700 0
072 I000700 65
072 J000700 42
072 K000700 0
072 L000700 1
072 M000700 0
072 N000700 18
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 15
072 S000700 1
072 T000700 70
072 U000700 7
072 V000700 0
072 W000700 88
072 X000700 489
072 Y000700 210
072 Z000700 1143
072AA000700 1313
072BB000700 0
072CC010700 1767
072CC020700 0
072DD010700 874
072DD020700 1
072EE000700 0
073 A010700 0.2700
073 A020700 0.1400
073 B000700 0.0000
073 C000700 0.0000
074 A000700 18
074 B000700 7700
074 C000700 0
074 D000700 27189
<PAGE> PAGE 34
074 E000700 81
074 F000700 29241
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 2390
074 K000700 35
074 L000700 496
074 M000700 98
074 N000700 67248
074 O000700 8609
074 P000700 63
074 Q000700 0
074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 148
074 S000700 0
074 T000700 58428
074 U010700 3369
074 U020700 14
074 V010700 17.27
074 V020700 17.26
074 W000700 0.0000
074 X000700 2985
074 Y000700 0
075 A000700 0
075 B000700 56169
076 000700 0.00
008 A000801 GOLDMAN SACHS ASSET MANAGEMENT
008 B000801 A
008 C000801 801-16048
008 D010801 NEW YORK
008 D020801 NY
008 D030801 10004
024 000800 Y
025 A000801 LEHMAN BROTHERS
025 B000801 13-2663822
025 C000801 E
025 D000801 1434
025 A000802 DAIWA SECURITIES
025 B000802 13-5680329
025 C000802 D
025 D000802 223
025 A000803 LEHMAN BROTHERS
025 B000803 13-2663822
025 C000803 D
025 D000803 532
025 D000804 0
025 D000805 0
025 D000806 0
<PAGE> PAGE 35
025 D000807 0
025 D000808 0
028 A010800 351
028 A020800 0
028 A030800 0
028 A040800 6998
028 B010800 183
028 B020800 0
028 B030800 0
028 B040800 1832
028 C010800 49
028 C020800 0
028 C030800 0
028 C040800 3704
028 D010800 128
028 D020800 0
028 D030800 0
028 D040800 1177
028 E010800 101
028 E020800 0
028 E030800 0
028 E040800 561
028 F010800 78
028 F020800 0
028 F030800 0
028 F040800 1447
028 G010800 890
028 G020800 0
028 G030800 0
028 G040800 15719
028 H000800 0
029 000800 N
030 A000800 0
030 B000800 0.00
030 C000800 0.00
042 A000800 0
042 B000800 0
042 C000800 0
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 0
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.600
048 A010800 0
048 A020800 0.000
<PAGE> PAGE 36
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
055 A000800 Y
055 B000800 N
056 000800 Y
057 000800 N
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 1000000
066 A000800 Y
066 D000800 Y
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
<PAGE> PAGE 37
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 Y
070 L020800 N
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 53804
071 B000800 66127
071 C000800 123659
071 D000800 44
072 A000800 6
072 B000800 85
072 C000800 1402
072 D000800 0
072 E000800 0
072 F000800 383
072 G000800 96
072 H000800 0
072 I000800 26
072 J000800 17
072 K000800 0
072 L000800 1
072 M000800 1
072 N000800 0
072 O000800 0
072 P000800 0
072 Q000800 0
072 R000800 15
072 S000800 2
072 T000800 0
072 U000800 9
<PAGE> PAGE 38
072 V000800 0
072 W000800 30
072 X000800 580
072 Y000800 37
072 Z000800 944
072AA000800 4821
072BB000800 0
072CC010800 0
072CC020800 9378
072DD010800 0
072DD020800 0
072EE000800 0
073 A010800 0.0000
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 32
074 B000800 900
074 C000800 0
074 D000800 0
074 E000800 0
074 F000800 113880
074 G000800 0
074 H000800 0
074 I000800 656
074 J000800 2555
074 K000800 0
074 L000800 79
074 M000800 90
074 N000800 118192
074 O000800 567
074 P000800 80
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 313
074 S000800 0
074 T000800 117232
074 U010800 7610
074 U020800 0
074 V010800 15.41
074 V020800 0.00
074 W000800 0.0000
074 X000800 21
074 Y000800 0
075 A000800 0
075 B000800 128278
076 000800 0.00
SIGNATURE DUBRA SHENKER
TITLE EXEC. SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 011
<NAME> GOLDMAN SACHS CAPITAL GROWTH FUND-CLASS A SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 739,988,816
<INVESTMENTS-AT-VALUE> 824,978,282
<RECEIVABLES> 8,396,997
<ASSETS-OTHER> 77,428
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 833,452,707
<PAYABLE-FOR-SECURITIES> 11,623,678
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,621,062
<TOTAL-LIABILITIES> 13,244,740
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 650,246,137
<SHARES-COMMON-STOCK> 54,480,662
<SHARES-COMMON-PRIOR> 59,109,753
<ACCUMULATED-NII-CURRENT> 3,918,068
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 81,054,296
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 84,989,466
<NET-ASSETS> 820,207,967
<DIVIDEND-INCOME> 7,774,644
<INTEREST-INCOME> 1,476,917
<OTHER-INCOME> 0
<EXPENSES-NET> 5,940,853
<NET-INVESTMENT-INCOME> 3,310,708
<REALIZED-GAINS-CURRENT> 28,433,373
<APPREC-INCREASE-CURRENT> (22,335,939)
<NET-CHANGE-FROM-OPS> 9,408,142
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,470,590
<NUMBER-OF-SHARES-REDEEMED> (7,099,681)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (60,848,097)
<ACCUMULATED-NII-PRIOR> 607,360
<ACCUMULATED-GAINS-PRIOR> 52,620,923
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,232,951
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,018,163
<AVERAGE-NET-ASSETS> 726,282,295
<PER-SHARE-NAV-BEGIN> 14.91
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 0.07
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.04
<EXPENSE-RATIO> 1.38
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 012
<NAME> GOLDMAN SACHS CAPITAL GROWTH FUND-CLASS B SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 739,988,816
<INVESTMENTS-AT-VALUE> 824,978,282
<RECEIVABLES> 8,396,997
<ASSETS-OTHER> 77,428
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 833,452,707
<PAYABLE-FOR-SECURITIES> 11,623,678
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,621,062
<TOTAL-LIABILITIES> 13,244,740
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 650,246,137
<SHARES-COMMON-STOCK> 57,043
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 3,918,068
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 81,054,296
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 84,989,466
<NET-ASSETS> 820,207,967
<DIVIDEND-INCOME> 7,774,644
<INTEREST-INCOME> 1,476,917
<OTHER-INCOME> 0
<EXPENSES-NET> 5,940,853
<NET-INVESTMENT-INCOME> 3,310,708
<REALIZED-GAINS-CURRENT> 28,433,373
<APPREC-INCREASE-CURRENT> (22,335,939)
<NET-CHANGE-FROM-OPS> 9,408,142
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 57,092
<NUMBER-OF-SHARES-REDEEMED> (49)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (60,848,097)
<ACCUMULATED-NII-PRIOR> 607,360
<ACCUMULATED-GAINS-PRIOR> 52,620,923
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,232,951
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,018,163
<AVERAGE-NET-ASSETS> 726,282,295
<PER-SHARE-NAV-BEGIN> 15.67
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> (0.65)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.02
<EXPENSE-RATIO> 2.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 021
<NAME> GOLDMAN SACHS SELECT EQUITY FUND-CLASS A SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 224,656,296
<INVESTMENTS-AT-VALUE> 262,040,015
<RECEIVABLES> 1,393,458
<ASSETS-OTHER> 110,424
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 263,543,897
<PAYABLE-FOR-SECURITIES> 1,031,613
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 544,746
<TOTAL-LIABILITIES> 1,576,359
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 216,756,702
<SHARES-COMMON-STOCK> 8,147,163
<SHARES-COMMON-PRIOR> 6,564,725
<ACCUMULATED-NII-CURRENT> 1,556,946
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,270,171
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,383,719
<NET-ASSETS> 261,967,538
<DIVIDEND-INCOME> 2,454,588
<INTEREST-INCOME> 250,369
<OTHER-INCOME> 0
<EXPENSES-NET> 1,234,865
<NET-INVESTMENT-INCOME> 1,470,092
<REALIZED-GAINS-CURRENT> 4,501,261
<APPREC-INCREASE-CURRENT> (4,340,708)
<NET-CHANGE-FROM-OPS> 1,630,645
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,049,844
<NUMBER-OF-SHARES-REDEEMED> (467,406)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 68,093,060
<ACCUMULATED-NII-PRIOR> 86,854
<ACCUMULATED-GAINS-PRIOR> 1,768,910
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 583,764
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,525,288
<AVERAGE-NET-ASSETS> 234,849,553
<PER-SHARE-NAV-BEGIN> 19.66
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> 0.18
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.93
<EXPENSE-RATIO> 1.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN SACHS
EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED IN
ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 022
<NAME> GOLDMAN SACHS SELECT EQUITY FUND-CLASS B SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1997
<PERIOD-END> JUL-31-1997
<INVESTMENTS-AT-COST> 224,656,296
<INVESTMENTS-AT-VALUE> 262,040,015
<RECEIVABLES> 1,393,458
<ASSETS-OTHER> 110,424
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 263,543,897
<PAYABLE-FOR-SECURITIES> 1,031,613
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 544,746
<TOTAL-LIABILITIES> 1,576,359
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 216,756,702
<SHARES-COMMON-STOCK> 134,398
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,556,946
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,270,171
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,383,719
<NET-ASSETS> 261,967,538
<DIVIDEND-INCOME> 2,454,588
<INTEREST-INCOME> 250,369
<OTHER-INCOME> 0
<EXPENSES-NET> 1,234,865
<NET-INVESTMENT-INCOME> 1,470,092
<REALIZED-GAINS-CURRENT> 4,501,261
<APPREC-INCREASE-CURRENT> (4,340,708)
<NET-CHANGE-FROM-OPS> 1,630,645
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 134,459
<NUMBER-OF-SHARES-REDEEMED> (61)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 68,093,060
<ACCUMULATED-NII-PRIOR> 86,854
<ACCUMULATED-GAINS-PRIOR> 1,768,910
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 583,764
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,525,288
<AVERAGE-NET-ASSETS> 234,849,553
<PER-SHARE-NAV-BEGIN> 20.44
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> (0.55)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.90
<EXPENSE-RATIO> 1.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 023
<NAME> GOLDMAN SACHS SELECT EQUITY FUND-INSTITUTIONAL SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 224,656,296
<INVESTMENTS-AT-VALUE> 262,040,015
<RECEIVABLES> 1,393,458
<ASSETS-OTHER> 110,424
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 263,543,897
<PAYABLE-FOR-SECURITIES> 1,031,613
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 544,746
<TOTAL-LIABILITIES> 1,576,359
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 216,756,702
<SHARES-COMMON-STOCK> 4,809,477
<SHARES-COMMON-PRIOR> 3,288,416
<ACCUMULATED-NII-CURRENT> 1,556,946
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,270,171
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,383,719
<NET-ASSETS> 261,967,538
<DIVIDEND-INCOME> 2,454,588
<INTEREST-INCOME> 250,369
<OTHER-INCOME> 0
<EXPENSES-NET> 1,234,865
<NET-INVESTMENT-INCOME> 1,470,092
<REALIZED-GAINS-CURRENT> 4,501,261
<APPREC-INCREASE-CURRENT> (4,340,708)
<NET-CHANGE-FROM-OPS> 1,630,645
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,651,066
<NUMBER-OF-SHARES-REDEEMED> (130,005)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 68,093,060
<ACCUMULATED-NII-PRIOR> 86,854
<ACCUMULATED-GAINS-PRIOR> 1,768,910
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 583,764
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,525,288
<AVERAGE-NET-ASSETS> 234,849,553
<PER-SHARE-NAV-BEGIN> 19.71
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 0.19
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.06
<EXPENSE-RATIO> 0.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 026
<NAME> GOLDMAN SACHS SELECT EQUITY FUND-SERVICE SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 224,656,296
<INVESTMENTS-AT-VALUE> 262,040,015
<RECEIVABLES> 1,393,458
<ASSETS-OTHER> 110,424
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 263,543,897
<PAYABLE-FOR-SECURITIES> 1,031,613
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 544,746
<TOTAL-LIABILITIES> 1,576,359
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 216,756,702
<SHARES-COMMON-STOCK> 26,468
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,556,946
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,270,171
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 37,383,719
<NET-ASSETS> 261,967,538
<DIVIDEND-INCOME> 2,454,588
<INTEREST-INCOME> 250,369
<OTHER-INCOME> 0
<EXPENSES-NET> 1,234,865
<NET-INVESTMENT-INCOME> 1,470,092
<REALIZED-GAINS-CURRENT> 4,501,261
<APPREC-INCREASE-CURRENT> (4,340,708)
<NET-CHANGE-FROM-OPS> 1,630,645
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 26,468
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 68,093,060
<ACCUMULATED-NII-PRIOR> 86,854
<ACCUMULATED-GAINS-PRIOR> 1,768,910
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 583,764
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,525,288
<AVERAGE-NET-ASSETS> 234,849,553
<PER-SHARE-NAV-BEGIN> 21.02
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> (1.10)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.93
<EXPENSE-RATIO> 1.15
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 031
<NAME> GOLDMAN SACHS SMALL CAP EQUITY FUND-CLASS A SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 205,542,650
<INVESTMENTS-AT-VALUE> 208,863,689
<RECEIVABLES> 3,578,650
<ASSETS-OTHER> 98,412
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 212,540,751
<PAYABLE-FOR-SECURITIES> 916,462
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 470,703
<TOTAL-LIABILITIES> 1,387,165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 197,394,212
<SHARES-COMMON-STOCK> 9,946,293
<SHARES-COMMON-PRIOR> 11,854,872
<ACCUMULATED-NII-CURRENT> (828,724)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 11,267,052
<ACCUM-APPREC-OR-DEPREC> 3,321,039
<NET-ASSETS> 211,153,586
<DIVIDEND-INCOME> 457,446
<INTEREST-INCOME> 358,191
<OTHER-INCOME> 0
<EXPENSES-NET> 1,644,361
<NET-INVESTMENT-INCOME> (828,724)
<REALIZED-GAINS-CURRENT> 20,756,562
<APPREC-INCREASE-CURRENT> 21,629,093
<NET-CHANGE-FROM-OPS> 41,556,931
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,176,477
<NUMBER-OF-SHARES-REDEEMED> (3,085,056)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 6,159,613
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (9,489,510)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 791,378
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,907,879
<AVERAGE-NET-ASSETS> 212,193,744
<PER-SHARE-NAV-BEGIN> 17.29
<PER-SHARE-NII> (0.15)
<PER-SHARE-GAIN-APPREC> 4.02
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.16
<EXPENSE-RATIO> 1.56
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 032
<NAME> GOLDMAN SACHS SMALL CAP EQUITY FUND-CLASS B SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 205,542,650
<INVESTMENTS-AT-VALUE> 208,863,689
<RECEIVABLES> 3,578,650
<ASSETS-OTHER> 98,412
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 212,540,751
<PAYABLE-FOR-SECURITIES> 916,462
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 470,703
<TOTAL-LIABILITIES> 1,387,165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 197,394,212
<SHARES-COMMON-STOCK> 33,923
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (828,724)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 11,267,052
<ACCUM-APPREC-OR-DEPREC> 3,321,039
<NET-ASSETS> 211,153,586
<DIVIDEND-INCOME> 457,446
<INTEREST-INCOME> 358,191
<OTHER-INCOME> 0
<EXPENSES-NET> 1,644,361
<NET-INVESTMENT-INCOME> (828,724)
<REALIZED-GAINS-CURRENT> 20,756,562
<APPREC-INCREASE-CURRENT> 21,629,093
<NET-CHANGE-FROM-OPS> 41,556,931
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 33,996
<NUMBER-OF-SHARES-REDEEMED> (73)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 6,159,613
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (9,489,510)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 791,378
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,907,879
<AVERAGE-NET-ASSETS> 212,193,744
<PER-SHARE-NAV-BEGIN> 20.79
<PER-SHARE-NII> (0.04)
<PER-SHARE-GAIN-APPREC> 0.37
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 21.12
<EXPENSE-RATIO> 2.32
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 041
<NAME> GOLDMAN SACHS INTERNATIONAL EQUITY FUND-CLASS A SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 388,838,418
<INVESTMENTS-AT-VALUE> 453,616,125
<RECEIVABLES> 13,747,830
<ASSETS-OTHER> 255,810
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 467,619,765
<PAYABLE-FOR-SECURITIES> 8,609,103
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,701,897
<TOTAL-LIABILITIES> 12,311,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 382,033,487
<SHARES-COMMON-STOCK> 22,437,524
<SHARES-COMMON-PRIOR> 19,241,121
<ACCUMULATED-NII-CURRENT> 1,089,493
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,226,452
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 64,959,333
<NET-ASSETS> 455,308,765
<DIVIDEND-INCOME> 3,516,075
<INTEREST-INCOME> 616,757
<OTHER-INCOME> 0
<EXPENSES-NET> 3,708,655
<NET-INVESTMENT-INCOME> 861,810
<REALIZED-GAINS-CURRENT> 16,469,506
<APPREC-INCREASE-CURRENT> 16,868,720
<NET-CHANGE-FROM-OPS> 34,200,036
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,392,053
<NUMBER-OF-SHARES-REDEEMED> (2,195,650)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 124,448,944
<ACCUMULATED-NII-PRIOR> 227,683
<ACCUMULATED-GAINS-PRIOR> (9,243,054)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,481,408
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,708,665
<AVERAGE-NET-ASSETS> 397,244,181
<PER-SHARE-NAV-BEGIN> 17.20
<PER-SHARE-NII> 0.09
<PER-SHARE-GAIN-APPREC> 1.01
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.89
<EXPENSE-RATIO> 1.68
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 042
<NAME> GOLDMAN SACHS INTERNATIONAL EQUITY FUND-CLASS B SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 388,838,418
<INVESTMENTS-AT-VALUE> 453,616,125
<RECEIVABLES> 13,747,830
<ASSETS-OTHER> 255,810
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 467,619,765
<PAYABLE-FOR-SECURITIES> 8,609,103
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,701,897
<TOTAL-LIABILITIES> 12,311,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 382,033,487
<SHARES-COMMON-STOCK> 194,806
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,089,493
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,226,452
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 64,959,333
<NET-ASSETS> 455,308,765
<DIVIDEND-INCOME> 3,516,075
<INTEREST-INCOME> 616,757
<OTHER-INCOME> 0
<EXPENSES-NET> 3,708,665
<NET-INVESTMENT-INCOME> 861,810
<REALIZED-GAINS-CURRENT> 16,469,506
<APPREC-INCREASE-CURRENT> 16,868,720
<NET-CHANGE-FROM-OPS> 34,200,036
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 195,265
<NUMBER-OF-SHARES-REDEEMED> (459)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 124,448,944
<ACCUMULATED-NII-PRIOR> 227,683
<ACCUMULATED-GAINS-PRIOR> (9,243,054)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,481,408
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,708,665
<AVERAGE-NET-ASSETS> 397,244,181
<PER-SHARE-NAV-BEGIN> 18.91
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> (0.04)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.87
<EXPENSE-RATIO> 2.26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 043
<NAME> GOLDMAN SACHS INTERNATIONAL EQUITY FUND-INSTITUTIONAL
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 388,838,418
<INVESTMENTS-AT-VALUE> 453,616,125
<RECEIVABLES> 13,747,830
<ASSETS-OTHER> 255,810
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 467,619,765
<PAYABLE-FOR-SECURITIES> 8,609,103
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,701,897
<TOTAL-LIABILITIES> 12,311,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 382,033,487
<SHARES-COMMON-STOCK> 1,466,561
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,089,493
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,226,452
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 64,959,333
<NET-ASSETS> 455,308,765
<DIVIDEND-INCOME> 3,516,075
<INTEREST-INCOME> 616,757
<OTHER-INCOME> 0
<EXPENSES-NET> 3,708,665
<NET-INVESTMENT-INCOME> 861,810
<REALIZED-GAINS-CURRENT> 16,469,506
<APPREC-INCREASE-CURRENT> 16,868,720
<NET-CHANGE-FROM-OPS> 34,200,036
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,526,992
<NUMBER-OF-SHARES-REDEEMED> (60,431)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 124,448,944
<ACCUMULATED-NII-PRIOR> 227,683
<ACCUMULATED-GAINS-PRIOR> (9,243,054)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,481,408
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,708,665
<AVERAGE-NET-ASSETS> 397,244,181
<PER-SHARE-NAV-BEGIN> 17.45
<PER-SHARE-NII> 0.06
<PER-SHARE-GAIN-APPREC> 0.78
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.94
<EXPENSE-RATIO> 1.12
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 046
<NAME> GOLDMAN SACHS INTERNATIONAL EQUITY FUND-SERVICE SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 388,838,418
<INVESTMENTS-AT-VALUE> 453,616,125
<RECEIVABLES> 13,747,830
<ASSETS-OTHER> 255,810
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 467,619,765
<PAYABLE-FOR-SECURITIES> 8,609,103
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3,701,897
<TOTAL-LIABILITIES> 12,311,000
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 382,033,487
<SHARES-COMMON-STOCK> 5,056
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,089,493
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,226,452
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 64,959,333
<NET-ASSETS> 455,308,765
<DIVIDEND-INCOME> 3,516,075
<INTEREST-INCOME> 616,757
<OTHER-INCOME> 0
<EXPENSES-NET> 3,708,665
<NET-INVESTMENT-INCOME> 861,810
<REALIZED-GAINS-CURRENT> 16,469,506
<APPREC-INCREASE-CURRENT> 16,868,720
<NET-CHANGE-FROM-OPS> 34,200,036
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 5,059
<NUMBER-OF-SHARES-REDEEMED> (3)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 124,448,944
<ACCUMULATED-NII-PRIOR> 227,683
<ACCUMULATED-GAINS-PRIOR> (9,243,054)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,481,408
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,708,665
<AVERAGE-NET-ASSETS> 397,244,181
<PER-SHARE-NAV-BEGIN> 17.70
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 1.21
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.89
<EXPENSE-RATIO> 1.67
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 051
<NAME> GOLDMAN SACHS GROWTH & INCOME FUND-CLASS A SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 431,613,862
<INVESTMENTS-AT-VALUE> 470,429,541
<RECEIVABLES> 6,287,100
<ASSETS-OTHER> 109,802
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 476,826,443
<PAYABLE-FOR-SECURITIES> 5,572,233
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 936,920
<TOTAL-LIABILITIES> 6,509,153
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 401,130,451
<SHARES-COMMON-STOCK> 23,131,801
<SHARES-COMMON-PRIOR> 21,855,325
<ACCUMULATED-NII-CURRENT> 1,608,067
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28,763,093
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38,815,679
<NET-ASSETS> 470,317,290
<DIVIDEND-INCOME> 7,268,800
<INTEREST-INCOME> 549,748
<OTHER-INCOME> 0
<EXPENSES-NET> 2,747,620
<NET-INVESTMENT-INCOME> 5,070,928
<REALIZED-GAINS-CURRENT> 21,857,656
<APPREC-INCREASE-CURRENT> (18,950,761)
<NET-CHANGE-FROM-OPS> 7,977,823
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,513,596)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,702,820
<NUMBER-OF-SHARES-REDEEMED> (1,584,703)
<SHARES-REINVESTED> 158,359
<NET-CHANGE-IN-ASSETS> 33,560,718
<ACCUMULATED-NII-PRIOR> 56,087
<ACCUMULATED-GAINS-PRIOR> 6,905,437
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,279,343
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,296,505
<AVERAGE-NET-ASSETS> 467,774,788
<PER-SHARE-NAV-BEGIN> 19.98
<PER-SHARE-NII> 0.22
<PER-SHARE-GAIN-APPREC> 0.18
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.22
<EXPENSE-RATIO> 1.18
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 052
<NAME> GOLDMAN SACHS GROWTH & INCOME FUND-CLASS B SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 431,613,862
<INVESTMENTS-AT-VALUE> 470,429,541
<RECEIVABLES> 6,287,100
<ASSETS-OTHER> 109,802
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 476,826,443
<PAYABLE-FOR-SECURITIES> 5,572,233
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 936,920
<TOTAL-LIABILITIES> 6,509,153
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 401,130,451
<SHARES-COMMON-STOCK> 106,312
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,608,067
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28,763,093
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38,815,679
<NET-ASSETS> 470,317,290
<DIVIDEND-INCOME> 7,268,800
<INTEREST-INCOME> 549,748
<OTHER-INCOME> 0
<EXPENSES-NET> 2,747,620
<NET-INVESTMENT-INCOME> 5,070,928
<REALIZED-GAINS-CURRENT> 21,857,656
<APPREC-INCREASE-CURRENT> (18,950,761)
<NET-CHANGE-FROM-OPS> 7,977,823
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,232)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 107,333
<NUMBER-OF-SHARES-REDEEMED> (1,264)
<SHARES-REINVESTED> 243
<NET-CHANGE-IN-ASSETS> 33,560,718
<ACCUMULATED-NII-PRIOR> 56,087
<ACCUMULATED-GAINS-PRIOR> 6,905,437
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,279,343
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,296,505
<AVERAGE-NET-ASSETS> 467,774,788
<PER-SHARE-NAV-BEGIN> 20.82
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> (0.60)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.18
<EXPENSE-RATIO> 1.96
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 053
<NAME> GOLDMAN SACHS GROWTH & INCOME FUND-INSTITUTIONAL SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 431,613,862
<INVESTMENTS-AT-VALUE> 470,429,541
<RECEIVABLES> 6,287,100
<ASSETS-OTHER> 109,802
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 476,826,443
<PAYABLE-FOR-SECURITIES> 5,572,233
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 936,920
<TOTAL-LIABILITIES> 6,509,153
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 401,130,451
<SHARES-COMMON-STOCK> 624
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,608,067
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28,763,093
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38,815,679
<NET-ASSETS> 470,317,290
<DIVIDEND-INCOME> 7,268,800
<INTEREST-INCOME> 549,748
<OTHER-INCOME> 0
<EXPENSES-NET> 2,747,620
<NET-INVESTMENT-INCOME> 5,070,928
<REALIZED-GAINS-CURRENT> 21,857,656
<APPREC-INCREASE-CURRENT> (18,950,761)
<NET-CHANGE-FROM-OPS> 7,977,823
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (38)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 624
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 33,560,718
<ACCUMULATED-NII-PRIOR> 56,087
<ACCUMULATED-GAINS-PRIOR> 6,905,437
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,279,343
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,296,505
<AVERAGE-NET-ASSETS> 467,774,788
<PER-SHARE-NAV-BEGIN> 21.25
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> (1.01)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.21
<EXPENSE-RATIO> 0.77
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 056
<NAME> GOLDMAN SACHS GROWTH & INCOME FUND-SERVICE SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 431,613,862
<INVESTMENTS-AT-VALUE> 470,429,541
<RECEIVABLES> 6,287,100
<ASSETS-OTHER> 109,802
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 476,826,443
<PAYABLE-FOR-SECURITIES> 5,572,233
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 936,920
<TOTAL-LIABILITIES> 6,509,153
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 401,130,451
<SHARES-COMMON-STOCK> 30,041
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,608,067
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 28,763,093
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38,815,679
<NET-ASSETS> 470,317,290
<DIVIDEND-INCOME> 7,268,800
<INTEREST-INCOME> 549,748
<OTHER-INCOME> 0
<EXPENSES-NET> 2,747,620
<NET-INVESTMENT-INCOME> 5,070,928
<REALIZED-GAINS-CURRENT> 21,857,656
<APPREC-INCREASE-CURRENT> (18,950,761)
<NET-CHANGE-FROM-OPS> 7,977,823
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (82)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 33,786
<NUMBER-OF-SHARES-REDEEMED> (3,749)
<SHARES-REINVESTED> 4
<NET-CHANGE-IN-ASSETS> 33,560,718
<ACCUMULATED-NII-PRIOR> 56,087
<ACCUMULATED-GAINS-PRIOR> 6,905,437
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,279,343
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,296,505
<AVERAGE-NET-ASSETS> 467,774,788
<PER-SHARE-NAV-BEGIN> 20.71
<PER-SHARE-NII> 0.15
<PER-SHARE-GAIN-APPREC> (0.50)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.21
<EXPENSE-RATIO> 1.27
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 061
<NAME> GOLDMAN SACHS ASIA GROWTH FUND-CLASS A SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 247,721,638
<INVESTMENTS-AT-VALUE> 255,279,855
<RECEIVABLES> 3,549,586
<ASSETS-OTHER> 733,686
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 259,563,127
<PAYABLE-FOR-SECURITIES> 2,058,668
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,586,146
<TOTAL-LIABILITIES> 4,644,814
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 255,141,353
<SHARES-COMMON-STOCK> 16,092,733
<SHARES-COMMON-PRIOR> 12,467,716
<ACCUMULATED-NII-CURRENT> (984,166)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,032,133)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,793,259
<NET-ASSETS> 254,918,313
<DIVIDEND-INCOME> 2,337,402
<INTEREST-INCOME> 362,631
<OTHER-INCOME> 0
<EXPENSES-NET> 2,053,663
<NET-INVESTMENT-INCOME> 646,370
<REALIZED-GAINS-CURRENT> 1,833,189
<APPREC-INCREASE-CURRENT> (19,002,319)
<NET-CHANGE-FROM-OPS> (16,522,760)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,751,563
<NUMBER-OF-SHARES-REDEEMED> (1,126,546)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 49,379,604
<ACCUMULATED-NII-PRIOR> 1,630,536
<ACCUMULATED-GAINS-PRIOR> 7,865,322
<OVERDISTRIB-NII-PRIOR> (1,657,672)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 915,795
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,388,166
<AVERAGE-NET-ASSETS> 245,554,066
<PER-SHARE-NAV-BEGIN> 16.49
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 0.99
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.55
<EXPENSE-RATIO> 1.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 062
<NAME> GOLDMAN SACHS ASIA GROWTH FUND-CLASS B SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 247,721,638
<INVESTMENTS-AT-VALUE> 255,279,855
<RECEIVABLES> 3,549,586
<ASSETS-OTHER> 733,686
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 259,563,127
<PAYABLE-FOR-SECURITIES> 2,058,668
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,586,146
<TOTAL-LIABILITIES> 4,644,814
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 255,141,353
<SHARES-COMMON-STOCK> 94,577
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (984,166)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,032,133)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,793,259
<NET-ASSETS> 254,918,313
<DIVIDEND-INCOME> 2,337,402
<INTEREST-INCOME> 362,631
<OTHER-INCOME> 0
<EXPENSES-NET> 2,053,663
<NET-INVESTMENT-INCOME> 646,370
<REALIZED-GAINS-CURRENT> 1,833,189
<APPREC-INCREASE-CURRENT> (19,002,319)
<NET-CHANGE-FROM-OPS> (16,522,760)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 96,248
<NUMBER-OF-SHARES-REDEEMED> (1,671)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 49,379,604
<ACCUMULATED-NII-PRIOR> 1,630,536
<ACCUMULATED-GAINS-PRIOR> 7,865,322
<OVERDISTRIB-NII-PRIOR> (1,657,672)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 915,795
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,388,166
<AVERAGE-NET-ASSETS> 245,554,066
<PER-SHARE-NAV-BEGIN> 17.31
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> (1.73)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.53
<EXPENSE-RATIO> 2.27
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 063
<NAME> GOLDMAN SACHS ASIA GROWTH FUND-INSTITUTIONAL SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 247,721,638
<INVESTMENTS-AT-VALUE> 255,279,855
<RECEIVABLES> 3,549,586
<ASSETS-OTHER> 733,686
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 259,563,127
<PAYABLE-FOR-SECURITIES> 2,058,668
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,586,146
<TOTAL-LIABILITIES> 4,644,814
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 255,141,353
<SHARES-COMMON-STOCK> 212,883
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> (984,166)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,032,133)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 6,793,259
<NET-ASSETS> 254,918,313
<DIVIDEND-INCOME> 2,337,402
<INTEREST-INCOME> 362,631
<OTHER-INCOME> 0
<EXPENSES-NET> 2,053,663
<NET-INVESTMENT-INCOME> 646,370
<REALIZED-GAINS-CURRENT> 1,833,189
<APPREC-INCREASE-CURRENT> (19,002,319)
<NET-CHANGE-FROM-OPS> (16,522,760)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 294,240
<NUMBER-OF-SHARES-REDEEMED> (81,357)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 49,379,604
<ACCUMULATED-NII-PRIOR> 1,630,536
<ACCUMULATED-GAINS-PRIOR> 7,865,322
<OVERDISTRIB-NII-PRIOR> (1,657,672)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 915,795
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,388,166
<AVERAGE-NET-ASSETS> 245,554,066
<PER-SHARE-NAV-BEGIN> 16.61
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> (0.04)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15,59
<EXPENSE-RATIO> 1.11
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 071
<NAME> GOLDMAN SACHS BALANCED FUND-CLASS A SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 62,392,116
<INVESTMENTS-AT-VALUE> 64,211,062
<RECEIVABLES> 2,886,160
<ASSETS-OTHER> 150,871
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 67,248,093
<PAYABLE-FOR-SECURITIES> 8,630,207
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 190,334
<TOTAL-LIABILITIES> 8,820,541
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54,145,872
<SHARES-COMMON-STOCK> 3,369,492
<SHARES-COMMON-PRIOR> 2,942,730
<ACCUMULATED-NII-CURRENT> 393,969
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,066,055
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,821,656
<NET-ASSETS> 58,427,552
<DIVIDEND-INCOME> 461,958
<INTEREST-INCOME> 961,064
<OTHER-INCOME> 0
<EXPENSES-NET> 279,536
<NET-INVESTMENT-INCOME> 1,143,486
<REALIZED-GAINS-CURRENT> 1,312,787
<APPREC-INCREASE-CURRENT> (1,766,875)
<NET-CHANGE-FROM-OPS> 689,398
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (873,839)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 597,691
<NUMBER-OF-SHARES-REDEEMED> (216,742)
<SHARES-REINVESTED> 45,813
<NET-CHANGE-IN-ASSETS> 7,499,545
<ACCUMULATED-NII-PRIOR> 125,304
<ACCUMULATED-GAINS-PRIOR> 753,268
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 139,661
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 489,440
<AVERAGE-NET-ASSETS> 56,168,952
<PER-SHARE-NAV-BEGIN> 17.31
<PER-SHARE-NII> 0.35
<PER-SHARE-GAIN-APPREC> (0.12)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.27)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.27
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 072
<NAME> GOLDMAN SACHS BALANCED FUND-CLASS B SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 62,392,116
<INVESTMENTS-AT-VALUE> 64,211,062
<RECEIVABLES> 2,886,160
<ASSETS-OTHER> 150,871
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 67,248,093
<PAYABLE-FOR-SECURITIES> 8,630,207
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 190,334
<TOTAL-LIABILITIES> 8,820,541
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 54,145,872
<SHARES-COMMON-STOCK> 13,937
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 393,969
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,066,055
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,821,656
<NET-ASSETS> 58,427,552
<DIVIDEND-INCOME> 461,958
<INTEREST-INCOME> 961,064
<OTHER-INCOME> 0
<EXPENSES-NET> 279,536
<NET-INVESTMENT-INCOME> 1,143,486
<REALIZED-GAINS-CURRENT> 1,312,787
<APPREC-INCREASE-CURRENT> (1,766,875)
<NET-CHANGE-FROM-OPS> 689,398
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (982)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,906
<NUMBER-OF-SHARES-REDEEMED> (15)
<SHARES-REINVESTED> 46
<NET-CHANGE-IN-ASSETS> 7,499,545
<ACCUMULATED-NII-PRIOR> 125,304
<ACCUMULATED-GAINS-PRIOR> 753,268
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 139,661
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 489,440
<AVERAGE-NET-ASSETS> 56,168,952
<PER-SHARE-NAV-BEGIN> 17.46
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> (0.20)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (0.14)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.26
<EXPENSE-RATIO> 1.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM GOLDMAN
SACHS EQUITY PORTFOLIO'S SEMI-ANNUAL REPORT DATED JULY 31, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH STATEMENTS.
</LEGEND>
<SERIES>
<NUMBER> 083
<NAME> GOLDMAN SACHS MID-CAP EQUITY FUND-INSTITUTIONAL SHARES
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JAN-31-1997
<PERIOD-START> FEB-01-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 117,646,518
<INVESTMENTS-AT-VALUE> 115,435,492
<RECEIVABLES> 2,634,099
<ASSETS-OTHER> 90,092
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 118,191,731
<PAYABLE-FOR-SECURITIES> 567,006
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 393,006
<TOTAL-LIABILITIES> 960,012
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 113,110,442
<SHARES-COMMON-STOCK> 7,609,923
<SHARES-COMMON-PRIOR> 8,525,815
<ACCUMULATED-NII-CURRENT> 1,046,638
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,285,665
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,211,026)
<NET-ASSETS> 117,231,719
<DIVIDEND-INCOME> 1,401,542
<INTEREST-INCOME> 84,735
<OTHER-INCOME> 0
<EXPENSES-NET> 542,201
<NET-INVESTMENT-INCOME> 944,076
<REALIZED-GAINS-CURRENT> 4,821,452
<APPREC-INCREASE-CURRENT> (9,377,815)
<NET-CHANGE-FROM-OPS> (3,612,287)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 55,335
<NUMBER-OF-SHARES-REDEEMED> (971,227)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (18,439,242)
<ACCUMULATED-NII-PRIOR> 102,562
<ACCUMULATED-GAINS-PRIOR> 464,213
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 382,730
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 579,923
<AVERAGE-NET-ASSETS> 128,277,763
<PER-SHARE-NAV-BEGIN> 15.91
<PER-SHARE-NII> 0.13
<PER-SHARE-GAIN-APPREC> (0.63)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.41
<EXPENSE-RATIO> 0.85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
