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  <gst6:SupplementTextBlock contextRef="Duration_30Dec2010_29Dec2011S000018561_Member">&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="3"&gt;&lt;b&gt;Goldman Sachs Trust&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Goldman Sachs Retirement Strategies Portfolios&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Class A, Institutional, Class IR and Class R Shares of&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2010 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2015 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2020 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2030 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2040 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2050 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Supplement dated September 10, 2012 to the&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Prospectus ("Prospectus") and Summary Prospectuses dated December 29, 2011, as amended to date&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style="margin-top:0px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;The Board of Trustees of the Goldman Sachs Trust (the "Trust") has approved a proposal to liquidate six series of the Trust, the Goldman Sachs Retirement Strategy 2010 Portfolio, Goldman Sachs Retirement Strategy 2015 Portfolio, Goldman Sachs Retirement Strategy 2020 Portfolio, Goldman Sachs Retirement Strategy 2030 Portfolio, Goldman Sachs Retirement Strategy 2040 Portfolio, and Goldman Sachs Retirement Strategy 2050 Portfolio (each, a "Portfolio" and, collectively, the "Portfolios"). After careful consideration of a number of factors, the Board has concluded that it is in the best interest of each Portfolio's shareholders to liquidate each Portfolio. Each Portfolio will be liquidated pursuant to a Board-approved Plan of Liquidation on or about December 7, 2012 (the "Liquidation Date"). This date may be changed without notice at the discretion of the Trust's officers. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Investment Objective" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Investment Objective" section of the Prospectus relating to each Portfolio is hereby amended by inserting the following sentence after the existing disclosure:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its investment objective as it prepares to liquidate and distribute its assets to investors.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Principal Strategy" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Principal Strategy" section of the Prospectus relating to each Portfolio is amended by inserting the following as the new first paragraph of the section:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its principal investment strategies as described below as it prepares to liquidate and distribute its assets to investors, and the Investment Adviser may no longer rebalance the Portfolio's investments towards its target strategic asset allocation percentages.&lt;/font&gt;&lt;/p&gt;</gst6:SupplementTextBlock>
  <gst6:SupplementTextBlock contextRef="Duration_30Dec2010_29Dec2011S000018562_Member">&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="3"&gt;&lt;b&gt;Goldman Sachs Trust&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Goldman Sachs Retirement Strategies Portfolios&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Class A, Institutional, Class IR and Class R Shares of&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2010 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2015 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2020 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2030 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2040 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2050 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Supplement dated September 10, 2012 to the&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Prospectus ("Prospectus") and Summary Prospectuses dated December 29, 2011, as amended to date&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style="margin-top:0px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;The Board of Trustees of the Goldman Sachs Trust (the "Trust") has approved a proposal to liquidate six series of the Trust, the Goldman Sachs Retirement Strategy 2010 Portfolio, Goldman Sachs Retirement Strategy 2015 Portfolio, Goldman Sachs Retirement Strategy 2020 Portfolio, Goldman Sachs Retirement Strategy 2030 Portfolio, Goldman Sachs Retirement Strategy 2040 Portfolio, and Goldman Sachs Retirement Strategy 2050 Portfolio (each, a "Portfolio" and, collectively, the "Portfolios"). After careful consideration of a number of factors, the Board has concluded that it is in the best interest of each Portfolio's shareholders to liquidate each Portfolio. Each Portfolio will be liquidated pursuant to a Board-approved Plan of Liquidation on or about December 7, 2012 (the "Liquidation Date"). This date may be changed without notice at the discretion of the Trust's officers. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Investment Objective" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Investment Objective" section of the Prospectus relating to each Portfolio is hereby amended by inserting the following sentence after the existing disclosure:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its investment objective as it prepares to liquidate and distribute its assets to investors.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Principal Strategy" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Principal Strategy" section of the Prospectus relating to each Portfolio is amended by inserting the following as the new first paragraph of the section:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its principal investment strategies as described below as it prepares to liquidate and distribute its assets to investors, and the Investment Adviser may no longer rebalance the Portfolio's investments towards its target strategic asset allocation percentages.&lt;/font&gt;&lt;/p&gt;</gst6:SupplementTextBlock>
  <gst6:SupplementTextBlock contextRef="Duration_30Dec2010_29Dec2011S000018563_Member">&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="3"&gt;&lt;b&gt;Goldman Sachs Trust&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Goldman Sachs Retirement Strategies Portfolios&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Class A, Institutional, Class IR and Class R Shares of&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2010 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2015 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2020 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2030 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2040 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2050 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Supplement dated September 10, 2012 to the&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Prospectus ("Prospectus") and Summary Prospectuses dated December 29, 2011, as amended to date&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style="margin-top:0px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;The Board of Trustees of the Goldman Sachs Trust (the "Trust") has approved a proposal to liquidate six series of the Trust, the Goldman Sachs Retirement Strategy 2010 Portfolio, Goldman Sachs Retirement Strategy 2015 Portfolio, Goldman Sachs Retirement Strategy 2020 Portfolio, Goldman Sachs Retirement Strategy 2030 Portfolio, Goldman Sachs Retirement Strategy 2040 Portfolio, and Goldman Sachs Retirement Strategy 2050 Portfolio (each, a "Portfolio" and, collectively, the "Portfolios"). After careful consideration of a number of factors, the Board has concluded that it is in the best interest of each Portfolio's shareholders to liquidate each Portfolio. Each Portfolio will be liquidated pursuant to a Board-approved Plan of Liquidation on or about December 7, 2012 (the "Liquidation Date"). This date may be changed without notice at the discretion of the Trust's officers. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Investment Objective" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Investment Objective" section of the Prospectus relating to each Portfolio is hereby amended by inserting the following sentence after the existing disclosure:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its investment objective as it prepares to liquidate and distribute its assets to investors.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Principal Strategy" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Principal Strategy" section of the Prospectus relating to each Portfolio is amended by inserting the following as the new first paragraph of the section:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its principal investment strategies as described below as it prepares to liquidate and distribute its assets to investors, and the Investment Adviser may no longer rebalance the Portfolio's investments towards its target strategic asset allocation percentages.&lt;/font&gt;&lt;/p&gt;</gst6:SupplementTextBlock>
  <gst6:SupplementTextBlock contextRef="Duration_30Dec2010_29Dec2011S000018564_Member">&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="3"&gt;&lt;b&gt;Goldman Sachs Trust&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Goldman Sachs Retirement Strategies Portfolios&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Class A, Institutional, Class IR and Class R Shares of&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2010 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2015 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2020 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2030 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2040 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2050 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Supplement dated September 10, 2012 to the&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Prospectus ("Prospectus") and Summary Prospectuses dated December 29, 2011, as amended to date&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style="margin-top:0px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;The Board of Trustees of the Goldman Sachs Trust (the "Trust") has approved a proposal to liquidate six series of the Trust, the Goldman Sachs Retirement Strategy 2010 Portfolio, Goldman Sachs Retirement Strategy 2015 Portfolio, Goldman Sachs Retirement Strategy 2020 Portfolio, Goldman Sachs Retirement Strategy 2030 Portfolio, Goldman Sachs Retirement Strategy 2040 Portfolio, and Goldman Sachs Retirement Strategy 2050 Portfolio (each, a "Portfolio" and, collectively, the "Portfolios"). After careful consideration of a number of factors, the Board has concluded that it is in the best interest of each Portfolio's shareholders to liquidate each Portfolio. Each Portfolio will be liquidated pursuant to a Board-approved Plan of Liquidation on or about December 7, 2012 (the "Liquidation Date"). This date may be changed without notice at the discretion of the Trust's officers. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Investment Objective" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Investment Objective" section of the Prospectus relating to each Portfolio is hereby amended by inserting the following sentence after the existing disclosure:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its investment objective as it prepares to liquidate and distribute its assets to investors.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Principal Strategy" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Principal Strategy" section of the Prospectus relating to each Portfolio is amended by inserting the following as the new first paragraph of the section:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its principal investment strategies as described below as it prepares to liquidate and distribute its assets to investors, and the Investment Adviser may no longer rebalance the Portfolio's investments towards its target strategic asset allocation percentages.&lt;/font&gt;&lt;/p&gt;</gst6:SupplementTextBlock>
  <gst6:SupplementTextBlock contextRef="Duration_30Dec2010_29Dec2011S000018565_Member">&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="3"&gt;&lt;b&gt;Goldman Sachs Trust&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Goldman Sachs Retirement Strategies Portfolios&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Class A, Institutional, Class IR and Class R Shares of&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2010 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2015 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2020 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2030 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2040 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2050 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Supplement dated September 10, 2012 to the&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Prospectus ("Prospectus") and Summary Prospectuses dated December 29, 2011, as amended to date&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style="margin-top:0px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;The Board of Trustees of the Goldman Sachs Trust (the "Trust") has approved a proposal to liquidate six series of the Trust, the Goldman Sachs Retirement Strategy 2010 Portfolio, Goldman Sachs Retirement Strategy 2015 Portfolio, Goldman Sachs Retirement Strategy 2020 Portfolio, Goldman Sachs Retirement Strategy 2030 Portfolio, Goldman Sachs Retirement Strategy 2040 Portfolio, and Goldman Sachs Retirement Strategy 2050 Portfolio (each, a "Portfolio" and, collectively, the "Portfolios"). After careful consideration of a number of factors, the Board has concluded that it is in the best interest of each Portfolio's shareholders to liquidate each Portfolio. Each Portfolio will be liquidated pursuant to a Board-approved Plan of Liquidation on or about December 7, 2012 (the "Liquidation Date"). This date may be changed without notice at the discretion of the Trust's officers. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Investment Objective" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Investment Objective" section of the Prospectus relating to each Portfolio is hereby amended by inserting the following sentence after the existing disclosure:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its investment objective as it prepares to liquidate and distribute its assets to investors.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Principal Strategy" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Principal Strategy" section of the Prospectus relating to each Portfolio is amended by inserting the following as the new first paragraph of the section:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its principal investment strategies as described below as it prepares to liquidate and distribute its assets to investors, and the Investment Adviser may no longer rebalance the Portfolio's investments towards its target strategic asset allocation percentages.&lt;/font&gt;&lt;/p&gt;</gst6:SupplementTextBlock>
  <gst6:SupplementTextBlock contextRef="Duration_30Dec2010_29Dec2011S000018566_Member">&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="3"&gt;&lt;b&gt;Goldman Sachs Trust&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Goldman Sachs Retirement Strategies Portfolios&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;Class A, Institutional, Class IR and Class R Shares of&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2010 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2015 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2020 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2030 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2040 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Goldman Sachs Retirement Strategy 2050 Portfolio&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Supplement dated September 10, 2012 to the&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:0px;margin-bottom:0px" align="center"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;i&gt;Prospectus ("Prospectus") and Summary Prospectuses dated December 29, 2011, as amended to date&lt;/i&gt;&lt;/font&gt;&lt;/p&gt;&lt;br/&gt;&lt;p style="margin-top:0px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;The Board of Trustees of the Goldman Sachs Trust (the "Trust") has approved a proposal to liquidate six series of the Trust, the Goldman Sachs Retirement Strategy 2010 Portfolio, Goldman Sachs Retirement Strategy 2015 Portfolio, Goldman Sachs Retirement Strategy 2020 Portfolio, Goldman Sachs Retirement Strategy 2030 Portfolio, Goldman Sachs Retirement Strategy 2040 Portfolio, and Goldman Sachs Retirement Strategy 2050 Portfolio (each, a "Portfolio" and, collectively, the "Portfolios"). After careful consideration of a number of factors, the Board has concluded that it is in the best interest of each Portfolio's shareholders to liquidate each Portfolio. Each Portfolio will be liquidated pursuant to a Board-approved Plan of Liquidation on or about December 7, 2012 (the "Liquidation Date"). This date may be changed without notice at the discretion of the Trust's officers. &lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Investment Objective" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Investment Objective" section of the Prospectus relating to each Portfolio is hereby amended by inserting the following sentence after the existing disclosure:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its investment objective as it prepares to liquidate and distribute its assets to investors.&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;&lt;b&gt;The "Principal Strategy" section of each Portfolio's Summary Prospectus and the "Summary&amp;#151;Principal Strategy" section of the Prospectus relating to each Portfolio is amended by inserting the following as the new first paragraph of the section:&lt;/b&gt;&lt;/font&gt;&lt;/p&gt;&lt;p style="margin-top:6px;margin-bottom:0px"&gt;&lt;font style="font-family:Times new roman" size="2"&gt;Effective September 10, 2012, the Portfolio may depart from its principal investment strategies as described below as it prepares to liquidate and distribute its assets to investors, and the Investment Adviser may no longer rebalance the Portfolio's investments towards its target strategic asset allocation percentages.&lt;/font&gt;&lt;/p&gt;</gst6:SupplementTextBlock>
</xbrl>
