EX-99.77Q1

EX. 7c

Series Number
Series Name
Is This The Last Filing For This Series?
91
INTERNATIONAL REAL ESTATE SECURITIES FUND
N
93
COMMODITY STRATEGY FUND
N
94
INCOME STRATEGIES PORTFOLIO
N
95
SATELITTE STRATEGIES PORTFOLIO
N

EX-99.77Q1

77Q(1)(e): Copies of new investment advisory contracts

Amended Annex A dated December 13, 2007 to the Management Agreement with respect
to Goldman Sachs Trust is incorporated herein by reference to Exhibit (d)(29) to
Post-Effective Amendment No. 183 to registrant's registration statement on Form
N-1A filed with the Securities and Exchange Commission on January 18, 2008
(Accession No. 0000950123-08-000557).

EX-99.77Q1

77Q(1)(d): Copies of all constituent instruments defining rights of the
holders of any new class of securities

Amendment No. 47 to the Trust's Agreement and Declaration of Trust, dated
November 8, 2007, which established Class R and Class IR shares, is incorporated
herein by reference to Exhibit (a)(48) to Post-Effective Amendment No. 173 to
registrant's registration statement on Form N-1A filed with the Securities and
Exchange Commission on November 27, 2007 (Accession No. 0000950123-07-015968).

EX-99.77Q1

77Q(1)(c): Copies of all constituent instruments defining rights of the holders
 of any new class of securities

Amendment No. 47 to the Trust's Agreement and Declaration of Trust, dated
November 8, 2007, which established Class R and Class IR shares, is incorporated
herein by reference to Exhibit (a)(48) to Post-Effective Amendment No. 173 to
registrant's registration statement on Form N-1A filed with the Securities and
Exchange Commission on November 27, 2007 (Accession No. 0000950123-07-015968).

EX-99.77Q1

77Q(1)(a): Copies of material amendments to the Trust's Declaration of Trust

Amendment No. 46 dated November 8, 2007 to the Agreement and Declaration of
Trust dated January 28, 1997 is incorporated herein by reference to Exhibit
(a)(47) to Post-Effective Amendment No. 173 to registrant's registration
statement on Form N-1A filed with the Securities and Exchange Commission on
November 27, 2007 (Accession No. 0000950123-07-015968).

Amendment No. 47 dated November 8, 2007 to the Agreement and Declaration of
Trust dated January 28, 1997 is incorporated herein by reference to Exhibit
(a)(48) to Post-Effective Amendment No. 173 to registrant's registration
statement on Form N-1A filed with the Securities and Exchange Commission on
November 27, 2007 (Accession No. 0000950123-07-015968).

Amendment No. 48 dated December 13, 2007 to the Agreement and Declaration of
Trust dated January 28, 1997 is incorporated herein by reference to Exhibit
(a)(49) to Post-Effective Amendment No. 183 to registrant's registration
statement on Form N-1A filed with the Securities and Exchange Commission on
January 18, 2008 (Accession No. 0000950123-08-000557).

EX-99.77O

EX.99-77O: Transactions Effected Pursuant To Rule 10f-3

Name of Fund:  Goldman Sachs Financial Square Tax-Free Money Market Fund

Name of Underwriter Purchased From:  Banc of America

Names of Underwriting Syndicate Members:  Banc of America, EJ De La Rosa,
Alta Vista Financial, Alamo Capital, Backstrom McCarley Berry, Bear,
Stearns & Co. Inc, Citi, City National Securities Inc , Comerica Securities,
Fidelity Capital Markets, George K Baum & Co. , Goldman, Sachs & Co., Grigsby
& Associates Inc , Great Pacific Securities, Henderson Capital Partners,
JPMorgan, Lehman Brothers, Mellon Financial Markets, Merrill Lynch & Co. ,
M.L Stern & Co. , Morgan Stanley  Co., RBC Capital Management, Siebert
Brandford Shank & Co. , SL Hare Capital, Southwest Securities Inc, Stone &
Youngberg, UBS Securities LLC, Wachovia Bank, Wells Fargo Institutional Sec

Name of Issuer:  State of California

Title of Security:  State or California Revenue Anticipation Notes 2007-08

Date of First Offering:  10/25/07

Dollar Amount Purchased:  $125,511,250

Number of Shares Purchased:  125,000

Price Per Unit:  $100.409

Resolution Approved:  Approved at the February 7, 2008 Board Meeting.



Name of Fund:  Goldman Sachs Financial Square Tax-Free Money Market Fund

Name of Underwriter Purchased From:

Names of Underwriting Syndicate Members:  Morgan Stanley, Goldman Sachs,
Lehman Brothers, Merrill Lynch, Banc of America, Comerica Securities,
Fifth Third Securities, Loop Capital Markets, Oppenheimer & Co, Raymond
James , Siebert Brandford Shank

Name of Issuer:  State of Michigan

Title of Security:  State of Michigan General Obligation Notes, 2008 Series A

Date of First Offering:  12/12/07

Dollar Amount Purchased:  $203,642,260

Number of Shares Purchased:  202,000

Price Per Unit:  $100.813

Resolution Approved:  Approved at the February 7, 2008 Board Meeting.

EX-99.77I

Sub-Item 77I: Terms of New Securities
Effective November 30, 2007, the Specialty Funds commenced offering Class R and
Class IR Shares. The terms of Class R and Class IR Shares are described in
Post-Effective Amendment No. 174 to the Trust's Registration Statement on Form
N-1A filed with the Securities and Exchange Commission on November 30, 2007
(Accession No. 0000950123-07-016179). Amendment No. 47 to the Trust's Agreement
and Declaration of Trust, dated November 8, 2007, which established Class R and
Class IR shares, is incorporated herein by reference to Exhibit (a)(48) to
Post-Effective Amendment No. 173 to registrant's registration statement on Form
N-1A filed with the Securities and Exchange Commission on November 27, 2007
(Accession No. 0000950123-07-015968).

Effective November 30, 2007, the Asset Allocation Portfolios commenced offering
Class R and Class IR Shares. The terms of Class R and Class IR Shares are
described in Post-Effective Amendment No. 174 to the Trust's Registration
Statement on Form N-1A filed with the Securities and Exchange Commission on
November 30, 2007 (Accession No. 0000950123-07-016179). Amendment No. 47 to the
Trust's Agreement and Declaration of Trust, dated November 8, 2007, which
established Class R and Class IR shares, is incorporated herein by reference to
Exhibit (a)(48) to Post-Effective Amendment No. 173 to registrant's registration
statement on Form N-1A filed with the Securities and Exchange Commission on
November 27, 2007 (Accession No. 0000950123-07-015968).

EX-99.77D

Sub-Item 77D: Policies with respect to security investments
Effective August 3, 2007, the Goldman Sachs Real Estate Securities Fund and the
Goldman Sachs International Real Estate Securities Fund are "non-diversified"
under the Investment Company Act of 1940, and, as such, may invest more of their
assets in fewer issuers than "diversified" mutual funds.

EX-99.77C

Sub-Item 77C: Submissions of Matters to a Vote of Security Holders
At a special meeting of shareholders of Goldman Sachs Trust held on August 3,
2007, a vote was held to approve a change in each of the Goldman Sachs Real
Estate Securities Fund's and Goldman Sachs International Real Estate Securities
Fund's sub-classification under the Investment Company Act of 1940, as amended,
(the "Act") from a "diversified" to a "non-diversified" company, and to
eliminate a related fundamental investment restriction. Each proposal was
approved by shareholders.

The Goldman Sachs Real Estate Securities Fund shareholders voted as follows:

For
Against
Abstain
              Broker Non-Votes

29,861,912
716,085
         227,169
               11,367,302

The Goldman Sachs International Real Estate Securities Fund shareholders voted
as follows:

For
Against
             Abstain
              Broker Non-Votes

50,129,453
    700,030
            261,336
                25,431,781

In addition, at a special meeting of shareholders of Goldman Sachs Trust held on
August 30, 2007, a vote was held to approve a change in the Goldman Sachs
Tollkeeper Fund's subclassification under the Act from a diversified to a
non-diversified company and to eliminate a related investment restriction. The
proposal did not receive enough shareholder votes to pass, and therefore the
Goldman Sachs Tollkeeper Fund continues to operate as a diversified Fund. The
Goldman Sachs Tollkeeper Fund shareholders voted as follows:

For
           Against
             Abstain
               Broker Non-Votes

9,251,967     881,777             382,869                 5,947,422

EX-99.77B

Report of Independent Registered Public Accounting Firm


To the Board of Trustees and Shareholders
of Goldman Sachs Trust:

In planning and performing our audits of the financial statements of the
following funds of the Goldman Sachs Trust: Goldman Sachs U.S. Equity Dividend
and Premium Fund, Goldman Sachs Tollkeeper Fund, Goldman Sachs Structured
Tax-Managed Equity Fund, Goldman Sachs Real Estate Securities Fund, Goldman
Sachs International Real Estate Securities Fund, Goldman Sachs Commodity
Strategy Fund, Goldman Sachs Balanced Strategy Portfolio, Goldman Sachs Growth
and Income Strategy Portfolio, Goldman Sachs Growth Strategy Portfolio, Goldman
Sachs Equity Growth Strategy Portfolio, Goldman Sachs Income Strategies
Portfolio, Goldman Sachs Satellite Strategies Portfolio, Financial Square Prime
Obligations Fund, Financial Square Money Market Fund, Financial Square Treasury
Obligations Fund, Financial Square Treasury Instruments Fund, Financial Square
Government Fund, Financial Square Federal Fund, Financial Square Tax-Free Money
Market Fund, Institutional Liquid Assets ("ILA") Prime Obligations Portfolio,
ILA Money Market Por tfolio, ILA Treasury Obligations Portfolio, ILA Treasury
Instruments Portfolio, ILA Federal Portfolio, ILA Tax-Exempt Diversified
Portfolio, ILA Tax-Exempt California Portfolio, ILA Tax-Exempt New York
Portfolio, (collectively referred to as the "Funds") as of and for the year
ended December 31, 2007, in accordance with the standards of the Public Company
Accounting Oversight Board (United States), we considered the Funds' internal
control over financial reporting, including controls over safeguarding
securities, as a basis for designing our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, but not for the purpose of expressing an opinion on
the effectiveness of the Fund's internal control over financial reporting.
Accordingly, we do not express an opinion on the effectiveness of the Funds'
internal control over financial reporting.

The management of the Funds is responsible for establishing and maintaining
 effective internal control over financial reporting. In fulfilling this
 responsibility, estimates and judgments by management are required to assess
 the expected benefits and related costs of controls. A fund's internal control
 over financial reporting is a process designed to provide reasonable assurance
 regarding the reliability of financial reporting and the preparation of
 financial statements for external purposes in accordance with generally
 accepted accounting principles. A fund's internal control over financial
 reporting includes those policies and procedures that (1) pertain to the
 maintenance of records that, in reasonable detail, accurately and fairly
 reflect the transactions and dispositions of the assets of the fund; (2)
 provide reasonable assurance that transactions are recorded as necessary to
 permit preparation of financial statements in accordance with generally
 accepted accounting principles, and that receipts and expenditures of the fund
 are being made only in accordance with authorizations of management and
 trustees of the fund; and (3) provide reasonable assurance regarding prevention
 or timely detection of unauthorized acquisition, use or disposition of a fund's
 assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting
may not prevent or detect misstatements. Also, projections of any evaluation of
effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design
or operation of a control does not allow management or employees, in the normal
course of performing their assigned functions, to prevent or detect
misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material misstatement of the
Funds' annual or interim financial statements will not be prevented or detected
on a timely basis.

Our consideration of the Funds' internal control over financial reporting was
for the limited purpose described in the first paragraph and would not
necessarily disclose all deficiencies in internal control over financial
reporting that might be material weaknesses under standards established by the
Public Company Accounting Oversight Board (United States). However, we noted no
deficiencies in the Funds' internal control over financial reporting and its
operation, including controls for safeguarding securities, that we consider to
be material weaknesses as defined above as of December 31, 2007.

This report is intended solely for the information and use of management and the
Board of Trustees of Goldman Sachs Trust and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone other than
these specified parties.

PricewaterhouseCoopers LLP
Boston, Massachusetts
February 28, 2008
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