<?xml version="1.0" encoding="us-ascii" standalone="no"?>
<!--XBRL document created with Bowne Tagger XBRL Enabler by Bowne Software version 10.0.0.98-->
<!--Based on XBRL 2.1-->
<!--Created on: 8/18/2010 12:10:53 AM-->
<!--Modified on: 6/24/2011 8:11:21 PM-->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <roleRef xlink:type="simple" xlink:href="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd#RiskReturnDetailData" roleURI="http://xbrl.sec.gov/rr/role/RiskReturnDetailData" />
  <roleRef xlink:type="simple" xlink:href="gsvit1046292-20110429.xsd#AnnualFundOperatingExpensesGoldmanSachsGrowthOpportunitiesFundServiceShares" roleURI="http://goldmansachsfunds.com/role/AnnualFundOperatingExpensesGoldmanSachsGrowthOpportunitiesFundServiceShares" />
  <roleRef xlink:type="simple" xlink:href="gsvit1046292-20110429.xsd#RiskReturnSummaryGoldmanSachsGrowthOpportunitiesFundServiceShares" roleURI="http://goldmansachsfunds.com/role/RiskReturnSummaryGoldmanSachsGrowthOpportunitiesFundServiceShares" />
  <calculationLink xlink:type="extended" xlink:role="http://goldmansachsfunds.com/role/AnnualFundOperatingExpensesGoldmanSachsGrowthOpportunitiesFundServiceShares" xlink:title="0200200 - Schedule - Annual Fund Operating Expenses">
  </calculationLink>
  <calculationLink xlink:type="extended" xlink:role="http://goldmansachsfunds.com/role/RiskReturnSummaryGoldmanSachsGrowthOpportunitiesFundServiceShares" xlink:title="0100000 - Document - Risk/Return Summary - Service Shares - Goldman Sachs Growth Opportunities Fund {Unlabeled}" />
  <calculationLink xlink:role="http://xbrl.sec.gov/rr/role/RiskReturnDetailData" xlink:type="extended" xlink:title="040000 - Disclosure - Risk/Return Detail Data {Elements}" />
</linkbase>
