Goldman Sachs High Yield Instl (GSHIX) N-14/A Registration statement for investment companies business combination (amended)

Due to size constraints, this filing is being made in three related submissions. This submission (N-14/A) is the second of the three related submissions. The accession number of the previous related submission is as follows:

0000950123-07-000723

As filed with the Securities and Exchange Commission on January 24, 2007

Registration No. 333-140186

U.S. SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-14

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

þ Pre-Effective Amendment No. 1

o Post-Effective Amendment No.                     

(Check appropriate Box or Boxes)

Goldman Sachs Trust

(Exact Name of Registrant as Specified in Charter)

312-655-4400
(Area Code and Telephone Number)

71 South Wacker Drive, Suite 500
Chicago, Illinois 60606
(Address of Principal Executive Offices)

Peter V. Bonanno, Esq.
Goldman, Sachs & Co.
One New York Plaza, 37^th Floor
New York, New York 10004
(Name and address of Agent for Service)

Copies to:

Kenneth L. Greenberg, Esq.
Drinker Biddle & Reath LLP
One Logan Square
18^th and Cherry Streets
Philadelphia, Pennsylvania 19103

Approximate Date of Proposed Public Offering: As soon as practicable after this Registration Statement becomes effective under the Securities Act of 1933.

Title of Securities Being Registered: Shares of Beneficial Interest, $.001 value