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Exhibit 15.1
July 5, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: The Goldman Sachs Group, Inc.
Registration Statement on Form S-3
(No. 333- )
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 statement of changes
in stockholders' equity and partners' capital for the six months ended May 26,
2000, the condensed consolidated statements of cash flows 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
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-3. 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 reports prepared or certified by us within
the meaning of Sections 7 and 11 of that Act.
Very truly yours,
/s/ PricewaterhouseCoopers LLP
