497 1 d497.txt GOLDMAN SACHS VARIABLE INSURANCE TRUST Goldman Sachs Variable Insurance Trust Goldman Sachs Internet Tollkeeper Fund/SM/ Supplement dated August 1, 2001 to Prospectus dated May 1, 2001 This Prospectus supplement highlights certain portfolio manager changes that have occurred in 2001. The "Service Providers" section of the Growth Equity Investment Team is revised as follows:
Years Primarily Five Year Employment Name and Title Fund Responsibility Responsible History ---------------------------------------------------------------------------------------- George D. Adler Senior Portfolio Manager-- Since Mr. Adler joined the Vice President Internet Tollkeeper 2000 Investment Advisor as a portfolio manager in 1997. From 1990 to 1997, he was a portfolio manager at Liberty Investment Management, Inc. ("Liberty") Liberty became part of Goldman Sachs Asset Management on January 1, 1997 as a result of an acquisition. Prior to 1994, Liberty was known as Eagle Asset Management. ---------------------------------------------------------------------------------------- Steve Barry Senior Portfolio Manager-- Since Mr. Barry joined the Vice President Internet Tollkeeper 2000 Investment Adviser as a portfolio manager in 1999. From 1998 to 1999, he was a portfolio manager at Alliance Capital Management. ---------------------------------------------------------------------------------------- Kenneth T. Berents Senior Portfolio Manager-- Since Mr. Berents joined the Managing Director Internet Tollkeeper 2000 Investment Adviser as a portfolio manager in 2000. From 1992 to 1999, he was Director of Research and head of the Investment Committee at Wheat First Union. ---------------------------------------------------------------------------------------- Herbert E. Ehlers Senior Portfolio Manager-- Since Mr. Ehlers joined the Managing Director Internet Tollkeeper 2000 Investment Adviser as a senior portfolio manager and Chief Investment Office of the Growth Equity team in 1997. From 1994 to 1997, he was the Chief Investment Officer and Chairman of Liberty. ----------------------------------------------------------------------------------------
Years Primarily Five Year Employment Name and Title Fund Responsibility Responsible History -------------------------------------------------------------------------------------------- Gregory H. Ekizian Senior Portfolio Manager-- Since Mr. Ekizian joined the Managing Director Internet Tollkeeper 2000 Investment Adviser as portfolio manager and Co-Chair of the Growth Equity Investment Committee in 1997. From 1990 to 1997, he was a portfolio manager at Liberty. -------------------------------------------------------------------------------------------- Scott Kolar Senior Portfolio Manager-- Since Mr. Kolar joined the Vice President Internet Tollkeeper 2000 Investment Adviser as an equity analyst in 1997 and became portfolio manager in 1999. From 1994 to 1997, he was an equity analyst and information systems specialist at Liberty. -------------------------------------------------------------------------------------------- Ernest C. Segundo, Jr. Senior Portfolio Manager-- Since Mr. Segundo joined the Vice President Internet Tollkeeper 2000 Investment Adviser as a portfolio manager in 1997. From 1992 to 1997, he was a portfolio manager at Liberty. -------------------------------------------------------------------------------------------- David G. Shell Senior Portfolio Manager-- Since Mr. Shell joined the Managing Director Internet Tollkeeper 2000 Investment Adviser as a portfolio manager in 1997. From 1987 to 1997, he was a portfolio manager at Liberty. --------------------------------------------------------------------------------------------
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