Goldman Sachs Funds - Closure of Class B Shares

July 15, 2009

Goldman Sachs Funds – Closure of Class B Shares

Effective November 2, 2009 (the “Effective Date”), Class B shares of the Goldman Sachs Funds will no longer be
available for purchase by new or existing shareholders.

Shareholders who invest in Class B shares prior to the Effective Date may continue to hold their Class B shares until
they convert automatically to Class A shares, as described in each Fund’s Prospectus. Class B shareholders may also
continue to reinvest dividends and capital gains into their accounts after the Effective Date. Class B shareholders with
automatic investment plans into Class B Shares will no longer be able to make automatic investments into Class B
shares after the Effective Date. Class B shareholders may continue to exchange their shares for Class B shares of
certain other Goldman Sachs Funds after the Effective Date, with the exception of the Enhanced Income Fund, Short
Duration Government Fund and Short-Duration Tax-Free Fund, which do not accept exchanges.

Additional purchase requests for a Fund’s Class B shares received by the Funds after the Effective Date will be
rejected. Class B shareholders or representatives who wish to purchase an alternative share class of Goldman Sachs
Funds will need to provide such instructions to Goldman Sachs (including for automatic investment programs).
Goldman Sachs will not automatically invest B share purchases into another share class after the Effective Date.
Please note that any purchases into alternative share classes may be subject to additional sales charges, as outlined in
the corresponding Fund’s prospectus.

A prospectus supplement containing this information was sent to all impacted shareholders on June 29, 2009.
Additional correspondence has been sent to impacted plan sponsors and representatives of certain 401(k) and SIMPLE
IRA plans invested in Class B Shares of the Goldman Sachs Funds.

For more information:

Individual Investors:  Please contact your investment professional or call us at 1-800-526-7384.
Institutional Investors:  Please contact your Goldman Sachs representative at 1-800-621-2550.

A prospectus for the Goldman Sachs Funds containing more complete information may be obtained from your
authorized dealer or from Goldman Sachs & Co. by calling 1-800-526-7384. Please consider the Fund’s
objectives, risks and charges and expenses, and read the prospectus carefully before investing. The prospectus
contains this and other information about the Funds.


Goldman, Sachs & Co. is the distributor of the Goldman Sachs Funds.

Copyright 2009 Goldman, Sachs & Co. All Rights Reserved.

Date of first use: July 13, 2009         2009-24295.MF