Goldman Sachs Trust (the “Trust”)

Goldman Sachs Domestic Equity Funds

Class A, B and C Shares of

Goldman Sachs Balanced Fund

Goldman Sachs Capital Growth Fund

Goldman Sachs Growth and Income Fund

Goldman Sachs Large Cap Value Fund

Goldman Sachs Strategic Growth Fund

Goldman Sachs Concentrated Growth Fund

Goldman Sachs Mid Cap Value Fund

Goldman Sachs Growth Opportunities Fund

Goldman Sachs Small/Mid Cap Growth Fund

Goldman Sachs Small Cap Value Fund

Supplement dated January 9, 2007 to the

Prospectus dated December 29, 2006

Goldman Sachs International Equity Funds

Class A, B and C Shares of

Goldman Sachs Concentrated International Equity Fund

Goldman Sachs Japanese Equity Fund

Goldman Sachs International Small Cap Fund

Goldman Sachs Emerging Markets Equity Fund

Goldman Sachs Asia Equity Fund

Goldman Sachs BRIC Fund (Brazil, Russia, India, China)

Supplement dated January 9, 2007 to the

Prospectus dated December 29, 2006

Goldman Sachs Structured Equity Funds

Class A, B and C Shares of

Goldman Sachs Structured Large Cap Value Fund

Goldman Sachs Structured Large Cap Growth Fund

Goldman Sachs Structured U.S. Equity Fund

Goldman Sachs Structured Small Cap Equity Fund

Goldman Sachs Structured International Equity Fund

Supplement dated January 9, 2007 to the

Prospectus dated December 29, 2006

     Effective January 9, 2007, the following text is added below the chart under “What Is My Minimum Investment In The Funds” in the section of the Prospectus titled “Shareholder Guide:”

     The minimum investment requirement may be waived for certain mutual fund “wrap” programs at the discretion of the Trust’s officers. No minimum amount is required for subsequent investments.

WRAPSTCK2 1-07

538572