<?xml version="1.0" encoding="us-ascii" standalone="no"?>
<!--XBRL document created with Bowne Tagger XBRL Enabler by Bowne Software version 10.0.0.114-->
<!--Based on XBRL 2.1-->
<!--Created on: 4/10/2012 9:47:58 PM-->
<!--Modified on: 4/11/2012 11:02:36 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="gsvit-20120409.xsd#RiskReturnSummary" roleURI="http://goldmansachsfunds.com/role/RiskReturnSummary" />
  <roleRef xlink:type="simple" xlink:href="gsvit-20120409.xsd#AnnualFundOperatingExpenses" roleURI="http://goldmansachsfunds.com/role/AnnualFundOperatingExpenses" />
  <roleRef xlink:type="simple" xlink:href="gsvit-20120409.xsd#ExpenseExample" roleURI="http://goldmansachsfunds.com/role/ExpenseExample" />
  <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" />
  <calculationLink xlink:type="extended" xlink:role="http://goldmansachsfunds.com/role/RiskReturnSummary" xlink:title="0100000 - Document - Risk/Return Summary {Unlabeled}" />
  <calculationLink xlink:type="extended" xlink:role="http://goldmansachsfunds.com/role/AnnualFundOperatingExpenses" xlink:title="0200200 - Schedule - Annual Fund Operating Expenses">
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd#rr_NetExpensesOverAssets" xlink:label="NetExpensesOverAssets" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd#rr_FeeWaiverOrReimbursementOverAssets" xlink:label="FeeWaiverOrReimbursementOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="NetExpensesOverAssets" xlink:to="FeeWaiverOrReimbursementOverAssets" order="20" use="optional" weight="1" priority="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd#rr_ExpensesOverAssets" xlink:label="ExpensesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="NetExpensesOverAssets" xlink:to="ExpensesOverAssets" order="40" use="optional" weight="1" priority="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd#rr_AcquiredFundFeesAndExpensesOverAssets" xlink:label="AcquiredFundFeesAndExpensesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ExpensesOverAssets" xlink:to="AcquiredFundFeesAndExpensesOverAssets" order="20" use="optional" weight="1" priority="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd#rr_OtherExpensesOverAssets" xlink:label="OtherExpensesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ExpensesOverAssets" xlink:to="OtherExpensesOverAssets" order="40" use="optional" weight="1" priority="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd#rr_DistributionAndService12b1FeesOverAssets" xlink:label="DistributionAndService12b1FeesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ExpensesOverAssets" xlink:to="DistributionAndService12b1FeesOverAssets" order="60" use="optional" weight="1" priority="1" />
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/rr/2010/rr-2010-02-28.xsd#rr_ManagementFeesOverAssets" xlink:label="ManagementFeesOverAssets" />
    <calculationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/summation-item" xlink:from="ExpensesOverAssets" xlink:to="ManagementFeesOverAssets" order="80" use="optional" weight="1" priority="1" />
  </calculationLink>
  <calculationLink xlink:type="extended" xlink:role="http://goldmansachsfunds.com/role/ExpenseExample" xlink:title="0200300 - Schedule - Expense Example {Transposed}" />
  <calculationLink xlink:role="http://xbrl.sec.gov/rr/role/RiskReturnDetailData" xlink:type="extended" xlink:title="040000 - Disclosure - Risk/Return Detail Data {Elements}" />
</linkbase>
