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                                                Filed Pursuant to Rule 424(b)(3)
                                            Registration Statement No. 333-63082

      Prospectus Addendum to the Prospectus Supplement dated June 25, 2001
                    and the Prospectus dated June 25, 2001.

                         THE GOLDMAN SACHS GROUP, INC.
[GOLDMAN SACHS LOGO]
                          Medium-Term Notes, Series B

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     You should read the accompanying prospectus supplement, which gives the
specific terms of the offered notes, together with the accompanying prospectus
dated June 25, 2001 and prospectus supplement dated June 25, 2001 of The Goldman
Sachs Group, Inc. When you read the supplement with the specific terms of the
offered notes, please note that all references in it to the prospectus dated May
18, 1999, the prospectus dated February 16, 2000 or the prospectus dated May 8,
2000, as supplemented by the prospectus supplement dated May 10, 2000, or to any
sections of those documents, should refer instead to the accompanying prospectus
dated June 25, 2001, as supplemented by the accompanying prospectus supplement
dated June 25, 2001, or to the corresponding sections of these accompanying
documents, as appropriate.

     The accompanying prospectus dated June 25, 2001, as supplemented by the
accompanying prospectus supplement dated June 25, 2001, supersedes the
prospectus dated May 18, 1999, the prospectus dated February 16, 2000 and the
prospectus dated May 8, 2000, as supplemented by the prospectus supplement dated
May 10, 2000.

     Goldman, Sachs & Co. will, and other affiliates of Goldman Sachs may, use
this prospectus addendum in connection with offers and sales of the notes in
market-making transactions.

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                              GOLDMAN, SACHS & CO.
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                    Prospectus Addendum dated June 25, 2001.