Exhibit 15.1
July 24, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The Goldman Sachs Group, Inc.
Registration Statement on Form S-8
Commissioners:
We are aware that (i) our report dated June 30, 2000 on our review of the
condensed consolidated statement of financial condition of The Goldman Sachs
Group, Inc. and Subsidiaries (the "Company") as of May 26, 2000, and the related
condensed consolidated statements of earnings for the three and six months ended
May 26, 2000 and May 28, 1999, the condensed consolidated statements of changes
in stockholders' equity and partners' capital for the six months ended May 26,
2000, the condensed consolidated statements of cash flow for the six months
ended May 26, 2000 and May 28, 1999, and the condensed consolidated statements
of comprehensive income for the three and six months ended May 26, 2000 and May
28, 1999, which was included in the Company's quarterly report on Form 10-Q for
the quarter ended May 26, 2000; and (ii)our report dated April 5, 2000 on our
review of the condensed consolidated statement of financial condition of The
Goldman Sachs Group, Inc. and Subsidiaries (the "Company") as of February 25,
2000, and the related condensed consolidated statements of earnings for the
three months ended February 25, 2000 and February 26, 1999, the condensed
consolidated statement of changes in stockholders' equity and partners' capital
for the three months ended February 25, 2000, the condensed consolidated
statements of cash flows for the three months ended February 25, 2000 and
February 26, 1999, and the condensed consolidated statements of comprehensive
income for the three months ended February 25, 2000 and February 26, 1999, which
was included in the Company's quarterly report on Form 10-Q for the quarter
ended February 25, 2000 are incorporated by reference into this Registration
Statement on Form S-8. Pursuant to Rule 436(c) under the Securities Act of 1933,
such reports should not be considered a part of such Registration Statement, and
are not a report within the meaning of Sections 7 and 11 of that Act.
Very truly yours,
/s/ PRICEWATERHOUSECOOPERS LLP
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PricewaterhouseCoopers LLP
