0001046292 2012-10-17 2013-10-16 0001046292 gsvit1:S000009354Member 2012-10-17 2013-10-16 Other 2013-10-16 GOLDMAN SACHS VARIABLE INSURANCE TRUST 2013-10-16 0001046292 GOLDMAN SACHS VARIABLE INSURANCE TRUST Institutional and Service Shares of the Goldman Sachs Money Market Fund (the Fund) Supplement dated October 16, 2013 to the Institutional Shares Prospectus dated October 16, 2013 and Service Shares Prospectus dated April 30, 2013 (the Prospectuses) On October 15, 2013, shareholders of the Fund approved a proposal to change the Funds industry concentration policy to permit (but not require) the Fund to invest more than 25% of its total assets in obligations (other than commercial paper) issued or guaranteed by U.S. banks and U.S. branches of U.S. or foreign banks and repurchase agreements and securities loans collateralized by such bank obligations. Effective immediately, the Funds Prospectuses are modified as follows: The following replaces in its entirety the first sentence in the Goldman Sachs Money Market FundSummaryPrincipal Strategy section of the Prospectuses: The Fund pursues its investment objective by investing in obligations issued or guaranteed by U.S. government agencies, authorities, instrumentalities or sponsored enterprises (U.S. Government Securities), obligations of banks (which may exceed 25% of its total assets), commercial paper and other short-term obligations of U.S. companies, states, municipalities and other entities and repurchase agreements. false 2013-10-16 2013-10-16 GOLDMAN SACHS VARIABLE INSURANCE TRUST Institutional and Service Shares of the Goldman Sachs Money Market Fund (the Fund) Supplement dated October 16, 2013 to the Institutional Shares Prospectus dated October 16, 2013 and Service Shares Prospectus dated April 30, 2013 (the Prospectuses) On October 15, 2013, shareholders of the Fund approved a proposal to change the Funds industry concentration policy to permit (but not require) the Fund to invest more than 25% of its total assets in obligations (other than commercial paper) issued or guaranteed by U.S. banks and U.S. branches of U.S. or foreign banks and repurchase agreements and securities loans collateralized by such bank obligations. Effective immediately, the Funds Prospectuses are modified as follows: The following replaces in its entirety the first sentence in the Goldman Sachs Money Market FundSummaryPrincipal Strategy section of the Prospectuses: The Fund pursues its investment objective by investing in obligations issued or guaranteed by U.S. government agencies, authorities, instrumentalities or sponsored enterprises (U.S. Government Securities), obligations of banks (which may exceed 25% of its total assets), commercial paper and other short-term obligations of U.S. companies, states, municipalities and other entities and repurchase agreements.