An investment in the money market fund is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per unit, it is possible to lose money by investing in the Fund.

A summary prospectus, if available, or a Prospectus for the Fund containing more information may be obtained from your authorized dealer or from Goldman, Sachs & Co. by calling (retail - 1-800-526-7384) (institutional - 1-800-621-2550) for the Goldman Sachs Funds and (1-800-762-5035) for the Goldman Sachs Variable Insurance Trust Funds. Please consider a fund's objectives, risks, and charges and expenses, and read the summary prospectus, if available, and the Prospectus carefully before investing. The summary prospectus, if available, and the Prospectus contains this and other information about the Fund.

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

NOT FDIC-INSURED | May Lose Value | No Bank Guarantee

¹Annual awards presented by Treasury Management International (TMI) are based on the voting results of the organization's global readership that primarily includes treasury managers, CFOs and institutional investors. Approximately 2,000 votes across multiple categories, submitted via voting sheets and online, determine each year's winners. GSAM was awarded the "Best Money Market Provider—North America" for 2011 based on voter perceptions of liquidity management capabilities and quality of liquidity investment products.