N-Q 1 e36734nvq.htm FORM N-Q N-Q
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

     
Investment Company Act file number
  
811-5349
   

Goldman Sachs Trust

(Exact name of registrant as specified in charter)

71 S. Wacker Dr., Chicago, Illinois 60606

(Address of principal executive offices)                                                             (Zip code)
     
Peter V. Bonanno, Esq.
Goldman, Sachs & Co.
One New York Plaza
New York, New York 10004		   Copies to:
Jack W. Murphy, Esq.
Dechert LLP
1775 I Street, NW
Washington, DC 20006
(Name and address of agent for service)
     
Registrant’s telephone number, including area code:
  
(312) 655-4400
   
     
Date of fiscal year end:
  
      August 31,
   
     
Date of reporting period:
  
May 31, 2007
   

Item 1. Schedule of Investments.

 

 

GOLDMAN SACHS CAPITAL GROWTH FUND

Schedule of Investments

May 31, 2007 (Unaudited)

                 
Shares     Description   Value  
Common Stocks — 99.6%
Aerospace & Defense — 1.6%
  435,881    
United Technologies Corp.
   $ 30,751,405  
 
Beverages — 2.4%
  664,750    
PepsiCo., Inc.
     45,422,367  
 
Biotechnology — 6.2%
  678,700    
Amgen, Inc.*
     38,231,171  
  710,759    
Celgene Corp.*
     43,526,881  
  433,200    
Genentech, Inc.*
     34,556,364  
     
    116,314,416  
 
Capital Markets — 4.6%
  162,100    
Legg Mason, Inc.
     16,376,963  
  148,500    
Merrill Lynch & Co., Inc.
     13,770,405  
  233,100    
Morgan Stanley
     19,822,824  
  1,635,400    
The Charles Schwab Corp.
     36,747,438  
     
    86,717,630  
 
Commercial Banks — 1.0%
  212,653    
SunTrust Banks, Inc.
     18,987,786  
 
Communications Equipment — 6.0%
  1,767,075    
Cisco Systems, Inc.*
     47,569,659  
  938,990    
QUALCOMM, Inc.
     40,329,620  
  149,744    
Research In Motion Ltd.*
     24,869,484  
     
    112,768,763  
 
Consumer Finance — 1.6%
  474,730    
American Express Co.
     30,847,955  
 
Diversified Consumer Services — 0.6%
  242,500    
Apollo Group, Inc.*
     11,632,725  
 
Diversified Financial Services — 2.3%
  35,100    
Chicago Mercantile Exchange
        
       
Holdings, Inc.
     18,638,100  
  351,231    
Moody’s Corp.(a)
     24,463,239  
     
    43,101,339  
 
Diversified Telecommunication Services — 0.5%
  336,110    
NeuStar, Inc.*
     9,767,357  
 
Electrical Equipment — 1.5%
  404,500    
Rockwell Automation, Inc.
     27,526,225  
 
Electronic Equipment & Instruments — 0.4%
  362,000    
Jabil Circuit, Inc.
     8,326,000  
 
Energy Equipment & Services — 7.1%
  616,210    
Baker Hughes, Inc.
     50,825,001  
  361,500    
Grant Prideco, Inc.*
     20,529,585  
  529,748    
Schlumberger Ltd.
     41,251,477  
                 
Shares     Description   Value  
Common Stocks — (continued)
Energy Equipment & Services — (continued)
  374,300    
Weatherford International
        
       
Ltd.*
   $ 20,339,462  
     
    132,945,525  
 
Food & Staples Retailing — 2.6%
  259,600    
CVS Caremark Corp.
     10,004,984  
  824,670    
Wal-Mart Stores, Inc.
     39,254,292  
     
    49,259,276  
 
Health Care Equipment & Supplies — 2.6%
  183,900    
Baxter International, Inc.
     10,452,876  
  345,100    
Medtronic, Inc.(a)
     18,348,967  
  468,968    
St. Jude Medical, Inc.*
     20,020,244  
     
    48,822,087  
 
Hotels, Restaurants & Leisure — 0.9%
  573,900    
Starbucks Corp.*
     16,534,059  
 
Household Durables — 3.5%
  454,150    
Fortune Brands, Inc.
     36,686,237  
  101,430    
Harman International Industries,
        
       
Inc.
     12,034,670  
  512,440    
Newell Rubbermaid, Inc.
     16,275,094  
     
    64,996,001  
 
Household Products — 1.0%
  281,100    
Procter & Gamble Co.
     17,863,905  
 
Internet Software & Services — 6.3%
  153,008    
Google, Inc.*
     76,159,732  
  1,505,189    
Yahoo!, Inc.*
     43,198,924  
     
    119,358,656  
 
IT Services — 3.5%
  332,242    
CheckFree Corp.*(a)
     13,040,499  
  234,740    
Cognizant Technology Solutions
        
       
Corp.*
     18,441,174  
  1,498,170    
Western Union Co.
     33,633,916  
     
    65,115,589  
 
Life Sciences Tools & Services — 2.0%
  261,896    
Charles River Laboratories International, Inc.*
     13,925,010  
  431,160    
Thermo Fisher Scientific, Inc.*
     23,541,336  
     
    37,466,346  
 
Media — 5.0%
  201,812    
Lamar Advertising Co.*(a)
     13,218,686  
  537,955    
National CineMedia,
        
       
Inc.*(a)
     15,358,615  
  655,472    
The McGraw-Hill Companies, Inc.
     46,086,236  
  422,865    
Viacom, Inc. Class B*
     18,995,096  
     
    93,658,633  
 
Multiline Retail — 3.0%
  239,247    
J.C. Penney Co., Inc.
     19,254,599  
  604,700    
Target Corp.
     37,751,421  
     
    57,006,020  
 


 

 

GOLDMAN SACHS CAPITAL GROWTH FUND

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

                 
 
Shares     Description   Value  
Common Stocks — (continued)
Oil, Gas & Consumable Fuels — 8.0%
  795,710    
Canadian Natural Resources Ltd.(a)
   $ 52,970,414  
  628,800    
Chesapeake Energy Corp.(a)
     21,919,968  
  287,400    
Quicksilver Resources, Inc.*(a)
     12,786,426  
  715,710    
Suncor Energy, Inc.
     62,395,598  
     
    150,072,406  
 
Pharmaceuticals — 2.1%
  431,900    
Merck & Co., Inc.
     22,653,155  
  288,700    
Wyeth
     16,698,408  
     
    39,351,563  
 
Semiconductors & Semiconductor Equipment — 2.1%
  1,082,648    
Linear Technology Corp.(a)
     38,856,237  
 
Software — 5.6%
  621,680    
Electronic Arts, Inc.*
     30,381,502  
  2,443,100    
Microsoft Corp.
     74,929,877  
     
    105,311,379  
 
Specialty Retail — 4.1%
  340,800    
Chico’s FAS, Inc.*
     9,283,392  
  1,141,600    
Lowe’s Companies, Inc.
     37,467,312  
  566,800    
The Home Depot, Inc.
     22,031,516  
  253,200    
Williams-Sonoma, Inc.(a)
     8,580,948  
     
    77,363,168  
 
Thrifts & Mortgage Finance — 4.5%
  336,643    
Fannie Mae
     21,518,221  
  944,000    
Freddie Mac(a)
     63,049,760  
     
    84,567,981  
 
Tobacco — 0.7%
  195,900    
Altria Group, Inc.
     13,928,490  
 
Trading Companies & Distributors — 0.8%
  179,170    
W.W. Grainger, Inc.
     15,775,919  
 
Wireless Telecommunication Services — 5.5%
  1,207,400    
American Tower Corp.*
     52,135,532  
  318,665    
Crown Castle International Corp.*
     11,733,245  
  370,950    
MetroPCS Communications, Inc.*
     13,228,077  
  1,151,427    
Sprint Nextel Corp.
     26,310,107  
     
    103,406,961  
 
TOTAL COMMON STOCKS   $ 1,873,824,169  
 
                             
Principal     Interest   Maturity      
Amount     Rate   Date   Value  
Repurchase Agreement(b) — 1.2%
Joint Repurchase Agreement Account II
$
     23,200,000       5.314 %   06/01/07   $ 23,200,000  
Maturity Value: $23,203,425
        
 
TOTAL INVESTMENTS BEFORE SECURITIES LENDING COLLATERAL
   $ 1,897,024,169  
 
                 
Shares     Interest
   Rate		   Value  
Securities Lending Collateral — 6.1%
Boston Global Investment Trust — Enhanced Portfolio
        
  115,609,750    
5.273%
   $ 115,609,750  
 
TOTAL INVESTMENTS — 106.9%   $ 2,012,633,919  
 
LIABILITIES IN EXCESS OF OTHER ASSETS — (6.9)%     (130,425,230 )
 
NET ASSETS — 100.0%   $ 1,882,208,689  
 

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.

* Non-income producing security.

(a) All or a portion of security is on loan.

(b) Joint repurchase agreement was entered into on May 31, 2007. Additional information appears in the Notes to the Schedule of Investments section.

For information on the mutual funds, please call our toll free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.goldmansachsfunds.com

 

 

GOLDMAN SACHS CAPITAL GROWTH FUND

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

 
ADDITIONAL INVESTMENT INFORMATION
 

TAX INFORMATION — At May 31, 2007, the Fund’s aggregate security unrealized gains and losses based on cost for U.S. federal income tax purposes were as follows:

         
 
Tax Cost
   $ 1,527,303,949  
 
Gross unrealized gain
     491,292,708  
Gross unrealized loss
     (5,962,738 )
 
Net unrealized security gain
   $ 485,329,970  
 

Additional information regarding the Fund is available in the Fund’s most recent Annual and Semiannual Reports to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

 

GOLDMAN SACHS STRATEGIC GROWTH FUND

Schedule of Investments

May 31, 2007 (Unaudited)

                 
Shares     Description   Value  
Common Stocks — 98.6%
Aerospace & Defense — 1.3%
  58,930    
United Technologies Corp.
   $ 4,157,512  
 
Beverages — 2.4%
  112,890    
PepsiCo., Inc.
     7,713,774  
 
Biotechnology — 5.8%
  133,110    
Amgen, Inc.*
     7,498,086  
  110,650    
Celgene Corp.*
     6,776,206  
  60,420    
Genentech, Inc.*
     4,819,704  
     
    19,093,996  
 
Capital Markets — 5.6%
  65,150    
Legg Mason, Inc.
     6,582,105  
  38,590    
Morgan Stanley
     3,281,694  
  375,990    
The Charles Schwab Corp.
     8,448,495  
     
    18,312,294  
 
Commercial Banks — 1.4%
  49,850    
SunTrust Banks, Inc.
     4,451,106  
 
Communications Equipment — 7.5%
  279,840    
Cisco Systems, Inc.*
     7,533,293  
  209,760    
QUALCOMM, Inc.
     9,009,192  
  48,020    
Research In Motion Ltd.*
     7,975,161  
     
    24,517,646  
 
Consumer Finance — 1.8%
  90,200    
American Express Co.
     5,861,196  
 
Diversified Consumer Services — 0.3%
  20,660    
Apollo Group, Inc.*
     991,060  
 
Diversified Financial Services — 0.7%
  4,480    
Chicago Mercantile Exchange
        
       
Holdings, Inc.
     2,378,880  
 
Energy Equipment & Services — 9.1%
  156,010    
Baker Hughes, Inc.
     12,867,705  
  143,460    
Schlumberger Ltd.
     11,171,230  
  103,490    
Weatherford International
        
       
Ltd.*
     5,623,647  
     
    29,662,582  
 
Food & Staples Retailing — 3.8%
  169,540    
CVS Caremark Corp.
     6,534,072  
  127,600    
Wal-Mart Stores, Inc.
     6,073,760  
     
    12,607,832  
 
Food Products — 2.2%
  96,720    
Kraft Foods, Inc.
     3,273,005  
  66,197    
Wm. Wrigley Jr. Co.(a)
     3,879,144  
     
    7,152,149  
 
                 
Shares     Description   Value  
Common Stocks — (continued)
Health Care Equipment & Supplies — 4.4%
  104,991    
Medtronic, Inc.
   $ 5,582,371  
  208,510    
St. Jude Medical, Inc.*
     8,901,292  
     
    14,483,663  
 
Hotels, Restaurants & Leisure — 0.6%
  73,750    
Starbucks Corp.*
     2,124,738  
 
Household Durables — 2.0%
  83,140    
Fortune Brands, Inc.
     6,716,049  
 
Household Products — 2.0%
  101,920    
Procter & Gamble Co.
     6,477,016  
 
Internet Software & Services — 6.3%
  22,880    
Google, Inc.*
     11,388,520  
  317,480    
Yahoo!, Inc.*
     9,111,676  
     
    20,500,196  
 
IT Services — 3.0%
  442,810    
Western Union Co.
     9,941,084  
 
Life Sciences Tools & Services — 2.1%
  124,730    
Thermo Fisher Scientific,
        
       
Inc.*
     6,810,258  
 
Media — 5.2%
  35,120    
Lamar Advertising Co.
     2,300,360  
  144,768    
The McGraw-Hill Companies, Inc.
     10,178,638  
  104,577    
Viacom, Inc. Class B*
     4,697,599  
     
    17,176,597  
 
Multiline Retail — 2.0%
  103,790    
Target Corp.
     6,479,610  
 
Oil, Gas & Consumable Fuels — 3.7%
  138,710    
Suncor Energy, Inc.
     12,092,738  
 
Pharmaceuticals — 2.9%
  119,300    
Merck & Co., Inc.
     6,257,285  
  55,810    
Wyeth
     3,228,050  
     
    9,485,335  
 
Semiconductors & Semiconductor Equipment — 1.7%
  158,880    
Linear Technology Corp.(a)
     5,702,203  
 
Software — 4.9%
  123,530    
Electronic Arts, Inc.*
     6,036,911  
  322,860    
Microsoft Corp.
     9,902,116  
     
    15,939,027  
 
Specialty Retail — 5.1%
  232,720    
Lowe’s Companies, Inc.
     7,637,870  
  158,160    
The Home Depot, Inc.
     6,147,679  
  89,640    
Williams-Sonoma, Inc.(a)
     3,037,900  
     
    16,823,449  
 
Thrifts & Mortgage Finance — 3.5%
  171,280    
Freddie Mac
     11,439,791  
 
Tobacco — 1.0%
  45,460    
Altria Group, Inc.
     3,232,206  
 


 

 

GOLDMAN SACHS STRATEGIC GROWTH FUND

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

                 
Shares     Description   Value  
Common Stocks — (continued)
Wireless Telecommunication Services — 6.3%
  143,150    
American Tower Corp.*
   $ 6,181,217  
  169,220    
Crown Castle International
        
       
Corp.*
     6,230,680  
  352,970    
Sprint Nextel Corp.
     8,065,365  
     
    20,477,262  
 
TOTAL COMMON STOCKS   $ 322,801,249  
 
                 
      Interest      
Shares        Rate   Value  
Securities Lending Collateral — 2.2%
Boston Global Investment Trust - Enhanced Portfolio
  7,326,550    
 5.273%
   $ 7,326,550  
 
TOTAL INVESTMENTS — 100.8%
   $ 330,127,799  
 
LIABILITIES IN EXCESS OF OTHER ASSETS — (0.8)%     (2,505,417 )
 
NET ASSETS — 100.0%   $ 327,622,382  
 

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.

* Non-income producing security.

(a) All or a portion of security is on loan.

For information on the mutual funds, please call our toll free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.goldmansachsfunds.com.



 

 

GOLDMAN SACHS STRATEGIC GROWTH FUND

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

 
ADDITIONAL INVESTMENT INFORMATION
 

TAX INFORMATION — At May 31, 2007, the Fund’s aggregate security unrealized gains and losses based on cost for U.S. federal income tax purposes were as follows:

         
 
Tax Cost
   $ 267,861,390  
 
Gross unrealized gain
     67,216,231  
Gross unrealized loss
     (4,949,822 )
 
Net unrealized security gain
   $ 62,266,409  
 

Additional information regarding the Fund is available in the Fund’s most recent Annual and Semiannual Reports to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

 

GOLDMAN SACHS CONCENTRATED GROWTH FUND

Schedule of Investments

May 31, 2007 (Unaudited)

                 
Shares     Description   Value  
Common Stocks — 98.6%
Aerospace & Defense — 1.5%
  55,220    
United Technologies Corp.
   $ 3,895,771  
 
Beverages — 3.5%
  128,200    
PepsiCo, Inc.
     8,759,906  
 
Biotechnology — 8.2%
  105,930    
Amgen, Inc.*
     5,967,037  
  86,340    
Amylin Pharmaceuticals, Inc.*(a)
     3,993,225  
  96,240    
Celgene Corp.*
     5,893,738  
  58,050    
Genentech, Inc.*
     4,630,648  
     
    20,484,648  
 
Capital Markets — 3.4%
  380,130    
The Charles Schwab Corp.
     8,541,521  
 
Communications Equipment — 9.0%
  200,020    
Cisco Systems, Inc.*
     5,384,538  
  204,300    
QUALCOMM, Inc.
     8,774,685  
  50,710    
Research In Motion Ltd.*
     8,421,917  
     
    22,581,140  
 
Consumer Finance — 2.3%
  87,450    
American Express Co.
     5,682,501  
 
Energy Equipment & Services — 7.8%
  119,130    
Baker Hughes, Inc.
     9,825,842  
  125,110    
Schlumberger Ltd.
     9,742,316  
     
    19,568,158  
 
Food & Staples Retailing — 5.5%
  204,620    
CVS Caremark Corp.
     7,886,055  
  122,320    
Wal-Mart Stores, Inc.
     5,822,432  
     
    13,708,487  
 
Health Care Equipment & Supplies — 3.1%
  180,430    
St. Jude Medical, Inc.*
     7,702,557  
 
Household Durables — 2.2%
  68,329    
Fortune Brands, Inc.
     5,519,617  
 
Internet Software & Services — 7.1%
  19,970    
Google, Inc.*
     9,940,067  
  269,660    
Yahoo!, Inc.*
     7,739,242  
     
    17,679,309  
 
IT Services — 5.1%
  116,690    
CheckFree Corp.*
     4,580,083  
  361,570    
Western Union Co.
     8,117,246  
     
    12,697,329  
 
Life Sciences Tools & Services — 3.1%
  144,790    
Thermo Fisher Scientific, Inc.*
     7,905,534  
 
Media — 6.7%
  161,880    
The McGraw-Hill Companies, Inc.
     11,381,783  
  122,645    
Viacom, Inc. Class B*
     5,509,213  
     
    16,890,996  
 
Multiline Retail — 2.6%
  103,720    
Target Corp.
     6,475,240  
 
Oil, Gas & Consumable Fuels — 4.2%
  119,610    
Suncor Energy, Inc.
     10,427,600  
 
                 
Shares     Description   Value  
Common Stocks — (continued)
Semiconductors & Semiconductor Equipment — 2.2%
  153,822    
Linear Technology Corp.(a)
   $ 5,520,672  
 
Software — 6.1%
  147,250    
Electronic Arts, Inc.*
     7,196,107  
  261,810    
Microsoft Corp.
     8,029,713  
     
    15,225,820  
 
Specialty Retail — 1.7%
  129,060    
Lowe’s Companies, Inc.
     4,235,749  
 
Thrifts & Mortgage Finance — 4.5%
  167,910    
Freddie Mac
     11,214,709  
 
Wireless Telecommunication Services — 8.8%
  205,680    
American Tower Corp.*
     8,881,262  
  157,080    
Crown Castle International Corp.*
     5,783,686  
  319,130    
Sprint Nextel Corp.
     7,292,120  
     
    21,957,068  
 
TOTAL COMMON STOCKS   $ 246,674,332  
 
                             
Principal     Interest   Maturity      
Amount     Rate   Date   Value  
Repurchase Agreement(b) — 2.9%
Joint Repurchase Agreement Account II
$
     7,200,000       5.314 %   06/01/07   $ 7,200,000  
Maturity Value: $7,201,063
 
TOTAL INVESTMENTS BEFORE SECURITIES LENDING COLLATERAL
   $ 253,874,332  
 
                             
      Interest          
Shares     Rate       Value  
Securities Lending Collateral — 1.5%
Boston Global Investment Trust — Enhanced Portfolio
3,758,750       5.273 %       $ 3,758,750  
 
TOTAL INVESTMENTS — 103.0%
   $ 257,633,082  
 
LIABILITIES IN EXCESS OF OTHER ASSETS — (3.0)%
     (7,409,269 )
 
NET ASSETS — 100.0%
   $ 250,223,813  
 

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.

* Non-income producing security.

(a) All or a portion of security is on loan.

(b) Joint repurchase agreement was entered into on May 31, 2007. Additional information appears in the Notes to the Schedule of Investments section.

For information on the mutual funds, please call our toll free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.goldmansachsfunds.com.



 

GOLDMAN SACHS CONCENTRATED GROWTH FUND

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

 
ADDITIONAL INVESTMENT INFORMATION
 

TAX INFORMATION — At May 31, 2007, the Fund’s aggregate security unrealized gains and losses based on cost for U.S. federal income tax purposes were as follows:

         
 
Tax Cost
   $ 213,866,613  
 
Gross unrealized gain
     46,369,850  
Gross unrealized loss
     (2,603,381 )
 
Net unrealized security gain
   $ 43,766,469  
 

Additional information regarding the Fund is available in the Fund’s most recent Annual and Semiannual Reports to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

 

GOLDMAN SACHS GROWTH OPPORTUNITIES FUND

Schedule of Investments

May 31, 2007 (Unaudited)

                 
Shares     Description   Value  
Common Stocks — 98.0%
Aerospace & Defense — 2.1%
  423,641    
Alliant Techsystems, Inc.*(a)
   $ 42,787,741  
 
Auto Components — 1.6%
  1,863,464    
Gentex Corp.
     33,076,486  
 
Beverages — 0.5%
  269,900    
Hansen Natural Corp.*(a)
     10,742,020  
 
Biotechnology — 3.3%
  764,951    
Amylin Pharmaceuticals, Inc.*(a)
     35,378,984  
  546,796    
Celgene Corp.*(a)
     33,485,787  
     
    68,864,771  
 
Building Products — 1.0%
  351,930    
American Standard Companies, Inc.(a)
     21,038,375  
 
Capital Markets — 3.1%
  242,679    
HFF, Inc.*
     3,870,730  
  393,853    
Legg Mason, Inc.
     39,790,969  
  631,518    
Raymond James Financial, Inc.
     21,035,864  
     
    64,697,563  
 
Commercial Banks — 1.0%
  581,960    
Commerce Bancorp, Inc.(a)
     20,089,259  
 
Communications Equipment — 1.2%
  153,239    
Research In Motion Ltd.*(a)
     25,449,933  
 
Diversified Consumer Services — 1.4%
  352,798    
Apollo Group, Inc.*
     16,923,720  
  214,216    
Weight Watchers International, Inc.(a)
     11,186,360  
     
    28,110,080  
 
Diversified Telecommunication Services — 1.3%
  925,447    
NeuStar, Inc.*
     26,893,490  
 
Electrical Equipment — 3.1%
  467,765    
Rockwell Automation, Inc.(a)
     31,831,408  
  343,719    
Roper Industries, Inc.(a)
     20,059,441  
  345,331    
Suntech Power Holdings Co. Ltd. ADR*(a)
     11,713,628  
     
    63,604,477  
 
Electronic Equipment & Instruments — 3.9%
  959,126    
Amphenol Corp.
     34,317,528  
  1,093,144    
Cogent, Inc.*(a)
     16,921,869  
  1,295,032    
Jabil Circuit, Inc.
     29,785,736  
     
    81,025,133  
 
                 
Shares     Description   Value  
Common Stocks — (continued)
Energy Equipment & Services — 9.0%
  524,295    
Cameron International Corp.*
   $ 37,172,515  
  950,791    
Dresser-Rand Group, Inc.*(a)
     33,848,160  
  861,500    
Grant Prideco, Inc.*
     48,924,585  
  662,959    
Smith International, Inc.
     36,800,854  
  553,631    
Weatherford International Ltd.*
     30,084,309  
     
    186,830,423  
 
Health Care Equipment & Supplies — 3.4%
  369,381    
C.R. Bard, Inc.
     31,179,450  
  929,081    
St. Jude Medical, Inc.*
     39,662,468  
     
    70,841,918  
 
Health Care Providers & Services — 1.1%
  552,382    
Psychiatric Solutions, Inc.*(a)
     21,553,946  
 
Hotels, Restaurants & Leisure — 1.2%
  678,145    
Hilton Hotels Corp.
     24,108,055  
 
Household Durables — 4.4%
  587,391    
Fortune Brands, Inc.
     47,449,445  
  134,280    
Harman International Industries, Inc.
     15,932,322  
  850,205    
Newell Rubbermaid, Inc.(a)
     27,002,511  
     
    90,384,278  
 
Insurance — 3.3%
  512,280    
Aon Corp.
     21,987,058  
  382,207    
Principal Financial Group, Inc.
     23,238,185  
  472,345    
Willis Group Holdings Ltd.
     21,874,297  
     
    67,099,540  
 
Internet Software & Services — 1.9%
  108,400    
Baidu.com, Inc. ADR*(a)
     15,244,292  
  270,797    
Bankrate, Inc.*(a)
     11,779,669  
  629,756    
The Knot, Inc.*(a)
     11,940,174  
     
    38,964,135  
 
IT Services — 7.3%
  1,097,797    
CheckFree Corp.*(a)
     43,088,532  
  223,013    
Cognizant Technology Solutions Corp.*
     17,519,901  
  1,002,359    
Global Payments, Inc.(a)
     40,134,454  
  1,178,081    
Iron Mountain, Inc.*(a)
     32,385,447  
  617,677    
MoneyGram International, Inc.
     17,999,108  
     
    151,127,442  
 
Life Sciences Tools & Services — 5.2%
  801,224    
Charles River Laboratories International, Inc.*
     42,601,080  
  339,124    
Covance, Inc.*
     22,568,702  
  786,532    
Thermo Fisher Scientific, Inc.*(a)
     42,944,647  
     
    108,114,429  
 
Machinery — 0.9%
  228,181    
Kennametal, Inc.
     17,551,682  
 


 

 

GOLDMAN SACHS GROWTH OPPORTUNITIES FUND

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

                 
Shares     Description   Value  
Common Stocks — (continued)
Media — 5.2%
  3,692,980    
Entravision Communications Corp.*(b)
   $ 37,631,466  
  472,804    
Focus Media Holding Ltd. ADR*(a)
     20,912,121  
  462,105    
Getty Images, Inc.*
     23,128,355  
  138,794    
Lamar Advertising Co.
     9,091,007  
  584,466    
National CineMedia, Inc.*
     16,686,505  
     
    107,449,454  
 
Multiline Retail — 1.3%
  339,083    
J.C. Penney Co., Inc.(a)
     27,289,400  
 
Oil, Gas & Consumable Fuels — 2.5%
  646,500    
Newfield Exploration Co.*
     31,057,860  
  442,733    
Quicksilver Resources, Inc.*(a)
     19,697,191  
     
    50,755,051  
 
Personal Products — 1.3%
  407,772    
Chattem, Inc.*(a)
     25,962,843  
 
Semiconductors & Semiconductor Equipment — 5.1%
  813,123    
FormFactor, Inc.*
     32,346,033  
  706,640    
Linear Technology Corp.(a)
     25,361,310  
  364,350    
Marvell Technology Group Ltd.*
     5,727,582  
  913,824    
Tessera Technologies, Inc.*(a)
     41,551,577  
     
    104,986,502  
 
Software — 6.3%
  2,334,618    
Activision, Inc.*
     46,202,090  
  713,138    
Electronic Arts, Inc.*
     34,851,054  
  819,642    
NAVTEQ*(a)
     35,105,267  
  275,507    
Salesforce.com, Inc.*(a)
     13,017,706  
     
    129,176,117  
 
Specialty Retail — 5.8%
  587,058    
Advance Auto Parts, Inc.
     24,315,942  
  1,057,460    
Chico’s FAS, Inc.*
     28,805,210  
  1,067,300    
Urban Outfitters, Inc.*
     28,368,834  
  1,137,311    
Williams-Sonoma, Inc.(a)
     38,543,470  
     
    120,033,456  
 
Textiles, Apparel & Luxury Goods — 1.5%
  614,077    
Coach, Inc.*
     31,538,995  
 
Thrifts & Mortgage Finance — 1.1%
  338,300    
MGIC Investment Corp.(a)
     21,989,500  
 
Trading Companies & Distributors — 1.9%
  453,711    
W.W. Grainger, Inc.
     39,949,254  
 
Wireless Telecommunication Services — 4.8%
  599,159    
American Tower Corp.*
     25,871,685  
  445,496    
Clearwire Corp.*(a)
     8,687,173  
  949,638    
Crown Castle International Corp.*
     34,965,671  
                 
Shares     Description   Value  
Common Stocks — (continued)
Wireless Telecommunication Services — (continued)
  160,713    
Leap Wireless International, Inc.*
   $ 13,734,533  
  464,807    
MetroPCS Communications, Inc.*
     16,575,018  
     
    99,834,080  
 
TOTAL COMMON STOCKS   $ 2,021,919,828  
 
                             
Principal     Interest   Maturity      
Amount     Rate   Date   Value
Repurchase Agreement(c) — 1.7%
Joint Repurchase Agreement Account II
$
     35,200,000       5.314 %   06/01/07   $ 35,200,000  
Maturity Value: $35,205,196
        
 
TOTAL INVESTMENTS BEFORE SECURITIES LENDING COLLATERAL
   $ 2,057,119,828  
 
                             
      Interest          
Shares     Rate       Value
Securities Lending Collateral — 19.8%
Boston Global Investment Trust — Enhanced Portfolio
     
409,293,698
       5.273 %       $ 409,293,698  
 
TOTAL INVESTMENTS — 119.5%
  $ 2,466,413,526  
 
LIABILITIES IN EXCESS OF OTHER ASSETS — (19.5)%     (401,665,333 )
 
NET ASSETS — 100.0%   $ 2,064,748,193  
 

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.

* Non-income producing security.

(a) All or a portion of security is on loan.

(b) Represents an affiliated issuer.

(c) Joint repurchase agreement was entered into on May 31, 2007. Additional information appears in the Notes to the Schedule of Investments section.

For information on the mutual funds, please call our toll free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.goldmansachsfunds.com.

   
 
Investment Abbreviation:
ADR — American Depositary Receipt
 


 

 

GOLDMAN SACHS GROWTH OPPORTUNITIES FUND

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

 
ADDITIONAL INVESTMENT INFORMATION
 

TAX INFORMATION — At May 31, 2007, the Fund’s aggregate security unrealized gains and losses based on cost for U.S. federal income tax purposes were as follows:

         
 
Tax Cost
   $ 2,071,514,078  
 
Gross unrealized gain
     423,683,561  
Gross unrealized loss
     (28,784,113 )
 
Net unrealized security gain
   $ 394,899,448  
 

Additional information regarding the Fund is available in the Fund’s most recent Annual and Semiannual Reports to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

 

 

GOLDMAN SACHS SMALL/MID CAP GROWTH FUND

Schedule of Investments

May 31, 2007 (Unaudited)

                 
Shares     Description   Value  
Common Stocks — 96.0%
Aerospace & Defense — 2.2%
  38,200    
Aerovironment, Inc.*
   $ 793,032  
  15,100    
Alliant Techsystems, Inc.*
     1,525,100  
     
    2,318,132  
 
Auto Components — 0.6%
  34,900    
Gentex Corp.
     619,475  
 
Beverages — 0.6%
  16,100    
Hansen Natural Corp.*
     640,780  
 
Biotechnology — 4.3%
  15,700    
Affymax, Inc.*(a)
     516,373  
  14,000    
Alexion Pharmaceuticals, Inc.*
     679,980  
  25,900    
Amylin Pharmaceuticals, Inc.*(a)
     1,197,875  
  75,811    
NeurogesX, Inc.*
     614,069  
  23,500    
Progenics Pharmaceuticals, Inc.*
     502,665  
  46,800    
Vanda Pharmaceuticals, Inc.*(a)
     936,936  
     
    4,447,898  
 
Capital Markets — 5.7%
  36,400    
Cowen Group, Inc.*
     649,012  
  24,800    
Evercore Partners, Inc.(a)
     786,408  
  12,700    
HFF, Inc.*
     202,565  
  20,520    
Nuveen Investments, Inc.
     1,125,727  
  35,255    
Raymond James Financial, Inc.
     1,174,344  
  25,600    
Stifel Financial Corp.*(a)
     1,541,376  
  35,100    
TradeStation Group, Inc.*
     418,392  
     
    5,897,824  
 
Commercial Banks — 0.9%
  27,980    
Commerce Bancorp, Inc.
     965,870  
 
Commercial Services & Supplies — 2.3%
  35,302    
Healthcare Services Group, Inc.
     983,867  
  23,800    
Ritchie Bros. Auctioneers, Inc.
     1,403,962  
     
    2,387,829  
 
Consumer Finance — 0.8%
  15,371    
Advanta Corp. Class B
     772,546  
 
Diversified Consumer Services — 2.2%
  25,470    
Bright Horizons Family Solutions, Inc.*
     1,078,400  
  28,090    
Coinstar, Inc.*
     887,363  
  5,975    
Weight Watchers International, Inc.
     312,014  
     
    2,277,777  
 
Diversified Financials — 0.9%
  21,000    
Eaton Vance Corp.
     921,690  
 
                 
Shares     Description   Value  
Common Stocks — (continued)
Diversified Telecommunication Services — 0.9%
  32,470    
NeuStar, Inc.*
   $ 943,578  
 
Electrical Equipment — 2.6%
  9,500    
First Solar, Inc.*
     646,380  
  23,070    
Roper Industries, Inc.
     1,346,365  
  20,100    
Suntech Power Holdings Co. Ltd. ADR*
     681,792  
     
    2,674,537  
 
Electronic Equipment & Instruments — 4.5%
  28,100    
Amphenol Corp.
     1,005,418  
  37,360    
Cogent, Inc.*(a)
     578,333  
  16,220    
Dolby Laboratories, Inc.*
     546,614  
  18,610    
FLIR Systems, Inc.*
     769,710  
  31,300    
Jabil Circuit, Inc.
     719,900  
  44,980    
LoJack Corp.*
     988,660  
     
    4,608,635  
 
Energy Equipment & Services — 6.6%
  20,280    
Cameron International Corp.*
     1,437,852  
  47,300    
Dresser-Rand Group, Inc.*
     1,683,880  
  32,940    
Grant Prideco, Inc.*
     1,870,663  
  29,390    
W-H Energy Services, Inc.*
     1,875,082  
     
    6,867,477  
 
Health Care Equipment & Supplies — 4.5%
  17,800    
ArthroCare Corp.*
     784,446  
  12,400    
Gen-Probe, Inc.*
     670,716  
  57,054    
Natus Medical, Inc.*
     894,036  
  41,700    
Northstar Neuroscience, Inc.*(a)
     556,695  
  31,000    
NuVasive, Inc.*
     804,760  
  117,990    
OraSure Technologies, Inc.*
     903,804  
     
    4,614,457  
 
Health Care Providers & Services — 2.4%
  45,380    
Psychiatric Solutions, Inc.*
     1,770,728  
  17,000    
VCA Antech, Inc.*
     672,860  
     
    2,443,588  
 
Hotels, Restaurants & Leisure — 2.7%
  11,340    
Life Time Fitness, Inc.*(a)
     580,381  
  20,180    
P.F. Chang’s China Bistro, Inc.*(a)
     782,782  
  12,690    
Panera Bread Co.*
     715,335  
  53,742    
Texas Roadhouse, Inc.*(a)
     744,327  
     
    2,822,825  
 
Household Durables — 1.5%
  12,660    
Harman International Industries, Inc.
     1,502,109  
 
Household Products — 0.7%
  50,400    
Central Garden & Pet Co.*
     671,328  
 


 

 

GOLDMAN SACHS SMALL/MID CAP GROWTH FUND

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

                 
Shares     Description   Value  
Common Stocks — (continued)
Insurance — 1.0%
  26,300    
eHealth, Inc.*
   $ 523,370  
  17,200    
Security Capital Assurance Ltd.
     553,324  
     
    1,076,694  
 
Internet & Catalog Retail — 0.6%
  11,180    
Blue Nile, Inc.*(a)
     642,515  
 
Internet Software & Services — 3.5%
  8,500    
Baidu.com, Inc. ADR*
     1,195,355  
  25,700    
Bankrate, Inc.*(a)
     1,117,950  
  27,328    
eCollege.com*
     602,036  
  3,120    
Switch and Data Facilities Co.*
     58,001  
  31,300    
The Knot, Inc.*
     593,448  
     
    3,566,790  
 
IT Services — 3.7%
  32,700    
CheckFree Corp.*
     1,283,475  
  29,900    
Heartland Payment Systems, Inc.(a)
     760,955  
  34,345    
Iron Mountain, Inc.*
     944,144  
  29,200    
MoneyGram International, Inc.
     850,888  
     
    3,839,462  
 
Life Sciences Tools & Services — 2.9%
  32,560    
Charles River Laboratories International, Inc.*
     1,731,215  
  19,450    
Covance, Inc.
     1,294,397  
     
    3,025,612  
 
Machinery — 2.8%
  13,800    
IDEX Corp.
     520,260  
  15,100    
Kennametal, Inc.
     1,161,492  
  60,110    
TurboChef Technologies, Inc.*(a)
     789,845  
  12,380    
Watts Water Technologies, Inc.
     469,202  
     
    2,940,799  
 
Media — 5.2%
  163,870    
Entravision Communications Corp.*
     1,669,835  
  23,500    
Focus Media Holding Ltd. ADR*
     1,039,405  
  15,300    
Getty Images, Inc.*
     765,765  
  9,500    
Lamar Advertising Co.
     622,250  
  14,500    
LodgeNet Entertainment Corp.*
     514,460  
  28,100    
National CineMedia, Inc.*
     802,255  
     
    5,413,970  
 
Oil, Gas & Consumable Fuels — 5.0%
  13,032    
Atlas America, Inc.
     646,648  
  31,800    
Delta Petroleum Corp.*(a)
     624,552  
  53,240    
OPTI Canada, Inc.*
     1,201,085  
  29,900    
Quicksilver Resources, Inc.*
     1,330,251  
  279,800    
UTS Energy Corp.*
     1,375,980  
     
    5,178,516  
 
                 
Shares     Description   Value  
Common Stocks — (continued)
Personal Products — 2.0%
  23,010    
Chattem, Inc.*(a)
   $ 1,465,047  
  36,400    
Physicians Formula Holdings, Inc.*
     629,720  
     
    2,094,767  
 
Pharmaceuticals — 0.6%
  45,032    
Cadence Pharmaceuticals, Inc.*(a)
     655,666  
 
Semiconductors & Semiconductor Equipment — 5.9%
  28,760    
Cavium Networks, Inc.*(a)
     608,274  
  64,900    
Eagle Test Systems, Inc.*
     1,022,175  
  38,650    
FormFactor, Inc.*
     1,537,497  
  38,250    
PMC-Sierra, Inc.*(a)
     294,908  
  57,590    
Tessera Technologies, Inc.*
     2,618,617  
     
    6,081,471  
 
Software — 3.8%
  97,320    
Activision, Inc.*
     1,925,963  
  32,770    
NAVTEQ*
     1,403,539  
  13,500    
Salesforce.com, Inc.*
     637,875  
     
    3,967,377  
 
Specialty Retail — 6.7%
  18,300    
Advance Auto Parts, Inc.
     757,986  
  37,610    
Chico’s FAS, Inc.*
     1,024,496  
  33,800    
GameStop Corp.*
     1,249,924  
  21,990    
Tractor Supply Co.*(a)
     1,170,088  
  50,230    
Urban Outfitters, Inc.*
     1,335,114  
  40,810    
Williams-Sonoma, Inc.
     1,383,051  
     
    6,920,659  
 
Trading Companies & Distributors — 1.6%
  19,070    
W.W. Grainger, Inc.
     1,679,114  
 
Transportation Infrastructure — 0.5%
  32,000    
CAI International, Inc.*
     472,000  
 
Wireless Telecommunication Services — 3.3%
  21,700    
Clearwire Corp.*(a)
     423,150  
  14,140    
Crown Castle International Corp.*
     520,635  
  7,900    
Leap Wireless International, Inc.*
     675,134  
  19,300    
MetroPCS Communications, Inc.*
     688,238  
  33,950    
SBA Communications Corp.*
     1,090,813  
     
    3,397,970  
 
TOTAL COMMON STOCKS
 $ 99,351,737  
 


 

 

GOLDMAN SACHS SMALL/MID CAP GROWTH FUND

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

                             
Principal     Interest   Maturity      
Amount     Rate   Date   Value  
Repurchase Agreement(b) — 2.9%
Joint Repurchase Agreement Account II
      $
 3,000,000           5.314 %   06/01/07   $ 3,000,000  
Maturity Value: $3,000,443
        
 
TOTAL INVESTMENTS BEFORE SECURITIES LENDING COLLATERAL
   $ 102,351,737  
 
            Interest            
Shares         Rate       Value  
Securities Lending Collateral — 12.0%
Boston Global Investment Trust — Enhanced Portfolio
      12,388,900           5.273 %       $ 12,388,900  
 
TOTAL INVESTMENTS — 110.9%
 $ 114,740,637  
 
LIABILITIES IN EXCESS OF OTHER ASSETS — (10.9)%     (11,289,421 )
 
NET ASSETS — 100.0%   $ 103,451,216  
 

The percentage shown for each investment category reflects the value of investments in that category as a percentage of net assets.

* Non-income producing security.

(a) All or a portion of security is on loan.

(b) Joint repurchase agreement was entered into on May 31, 2007. Additional information appears in the Notes to the Schedule of Investments section.

For information on the mutual funds, please call our toll free Shareholder Services Line at 1-800-526-7384 or visit us on the web at www.goldmansachsfunds.com.

   
 
Investment Abbreviation:
ADR — American Depositary Receipt
 

 



 

 

GOLDMAN SACHS SMALL/MID CAP GROWTH FUND

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

 
ADDITIONAL INVESTMENT INFORMATION
 

TAX INFORMATION — At May 31, 2007, the Fund’s aggregate security unrealized gains and losses based on cost for U.S. federal income tax purposes were as follows:

         
 
Tax Cost
   $ 100,003,268  
 
Gross unrealized gain
     16,979,794  
Gross unrealized loss
     (2,242,425 )
 
Net unrealized security gain
   $ 14,737,369  
 

Additional information regarding the Fund is available in the Fund’s most recent Annual and Semiannual Reports to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

 

 

GOLDMAN SACHS GROWTH EQUITY FUNDS

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

 
NOTES TO THE SCHEDULE OF INVESTMENTS
 

Investment Valuation — Investments in equity securities and investment companies traded on a U.S. securities exchange or the NASDAQ system are valued daily at their last sale price or official closing price on the principal exchange or system on which they are traded. If no sale occurs, such securities and investment companies are valued at the last bid price. Debt securities are valued at prices supplied by independent pricing services, broker/dealer-supplied valuations or matrix pricing systems. Unlisted equity securities for which market quotations are available are valued at the last sale price on valuation date, or if no sale occurs, at the last bid price. Investments in investment companies (other than those that are exchange traded) are valued at the net asset value per share on the valuation date. Short-term debt obligations maturing in sixty days or less are valued at amortized cost, which approximates market value. Securities for which market quotations are not readily available or are deemed not to reflect market value by the investment adviser are valued at fair value using methods approved by the Trust’s Board of Trustees.

Repurchase Agreements — Repurchase agreements involve the purchase of securities subject to the seller’s agreement to repurchase the securities at a mutually agreed upon date and price. During the term of a repurchase agreement, the value of the underlying securities held as collateral on behalf of the Funds, including accrued interest, is required to exceed the value of the repurchase agreement, including accrued interest. If the seller defaults or becomes insolvent, realization of the collateral by the Funds may be delayed or limited and there may be a decline in the value of the collateral during the period while the Funds seek to assert their rights. The underlying securities for all repurchase agreements are held in safekeeping at the Funds’ custodian or designated subcustodians under triparty repurchase agreements.

     Pursuant to exemptive relief granted by the Securities and Exchange Commission (“SEC”) and terms and conditions contained therein, the Funds, together with other registered investment companies having management or investment advisory agreements with Goldman Sachs Asset Management, L.P. (“GSAM”), or its affiliates, may transfer uninvested cash into joint accounts, the daily aggregate balance of which is invested in one or more repurchase agreements.

At May 31, 2007, certain Funds had undivided interests in the Joint Repurchase Agreement Account II, as follows:

         
    Principal  
Fund   Amount  
 
Capital Growth
   $ 23,200,000  
 
Concentrated Growth
     7,200,000  
 
Growth Opportunities
     35,200,000  
 
Small/Mid Cap Growth
     3,000,000  
 

 

 

GOLDMAN SACHS GROWTH EQUITY FUNDS

Schedule of Investments (continued)

May 31, 2007 (Unaudited)

 
NOTES TO THE SCHEDULE OF INVESTMENTS (CONTINUED)
 
                                 
    Principal     Interest     Maturity     Maturity  
Counterparty   Amount     Rate     Date     Value  
 
Banc of America Securities LLC
   $ 1,500,000,000       5.32 %   06/01/07     $ 1,500,221,667  
 
Barclays Capital PLC
     1,350,000,000       5.32     06/01/07       1,350,199,500  
 
Citigroup Global Markets, Inc.
     1,500,000,000       5.31     06/01/07       1,500,221,250  
 
Credit Suisse Securities (USA)
     500,000,000       5.31     06/01/07       500,073,750  
 
Deutsche Bank Securities, Inc.
     1,000,000,000       5.31     06/01/07       1,000,147,500  
 
Greenwich Capital Markets
     500,000,000       5.32     06/01/07       500,073,889  
 
Merrill Lynch
     750,000,000       5.31     06/01/07       750,110,625  
 
UBS Securities LLC
     500,000,000       5.31     06/01/07       500,073,750  
 
Wachovia Capital Markets
     250,000,000       5.31     06/01/07       250,036,875  
 
TOTAL
   $ 7,850,000,000                     $ 7,851,158,806  
 

At May 31, 2007, the Joint Repurchase Agreement Account II was fully collateralized by Federal Home Loan Mortgage Association, 0.000% to 11.000%, due 02/01/08 to 06/01/37; Federal National Mortgage Association, 0.000% to 10.500%, due 06/01/07 to 05/01/47 and Government National Mortgage Association, 4.500% to 9.000%, due 10/15/09 to 05/15/37. The aggregate market value of the collateral, including accrued interest, was $8,032,004,959.

 

 

Item 2. Controls and Procedures.

(a)   The Registrant’s Principal Executive Officer and Principal Financial Officer concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) were effective as of a date within 90 days prior to the filing date of this report (the “Evaluation Date”), based on their evaluation of the effectiveness of the Registrant’s disclosure controls and procedures as of the Evaluation Date.

(b)   There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 3. Exhibits.

(a)   Separate certifications for the principal executive officer and the principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)) are filed herewith.

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

             
(Registrant)
   Goldman Sachs Trust  
   
By (Signature and Title)*   /s/ KAYSIE P. UNIACKE, PRESIDENT/PRINCIPAL EXECUTIVE OFFICER    
     
   
Date:                   July 30, 2007
            
   

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

             
By (Signature and Title)*   /s/ KAYSIE P. UNIACKE, PRESIDENT/PRINCIPAL EXECUTIVE OFFICER    
     
   
Date:          July 30, 2007
          
   
By (Signature and Title)*   JOHN M. PERLOWSKI, TREASURER/PRINCIPAL FINANCIAL OFFICER    
     
   
Date:          July 30, 2007
            
   

* Print the name and title of each signing officer under his or her signature.