Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SHERWOOD MICHAEL S
   2. Issuer Name and Ticker or Trading Symbol
GOLDMAN SACHS GROUP INC [GS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
Vice Chairman
(Last)
(First)
(Middle)
C/O GOLDMAN, SACHS & CO., 200 WEST STREET		 3. Date of Earliest Transaction (Month/Day/Year)
11/26-05:00/2012
(Street)

NEW YORK, NY 10282		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01 per share 11/26-05:00/2012   M(1)   4,266 A $ 78.87 136,597 D  
Common Stock, par value $0.01 per share 11/26-05:00/2012   S   2,098 D $ 119.1782 (2) 134,499 D  
Common Stock, par value $0.01 per share 11/26-05:00/2012   S   1,823 D $ 120.3096 (3) 132,676 D  
Common Stock, par value $0.01 per share 11/26-05:00/2012   S   345 D $ 120.6781 (4) 132,331 D  
Common Stock, par value $0.01 per share 11/27-05:00/2012   M(1)   4,266 A $ 78.87 136,597 D  
Common Stock, par value $0.01 per share 11/27-05:00/2012   S   858 D $ 119.0084 (5) 135,739 D  
Common Stock, par value $0.01 per share 11/27-05:00/2012   S   1,451 D $ 119.9511 (6) 134,288 D  
Common Stock, par value $0.01 per share 11/27-05:00/2012   S   1,957 D $ 120.7728 (7) 132,331 D  
Common Stock, par value $0.01 per share 11/28-05:00/2012   M(1)   4,267 A $ 78.87 136,598 D  
Common Stock, par value $0.01 per share 11/28-05:00/2012   S   1,923 D $ 117.1231 (8) 134,675 D  
Common Stock, par value $0.01 per share 11/28-05:00/2012   S   1,394 D $ 118.1186 (9) 133,281 D  
Common Stock, par value $0.01 per share 11/28-05:00/2012   S   950 D $ 119.014 (10) 132,331 D  
Common Stock, par value $0.01 per share               135,164 I See footnote (11)
Common Stock, par value $0.01 per share               103,850 I See footnote (12)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Nonqualified Stock Options (right to buy) $ 78.87 11/26-05:00/2012   M     4,266 01/02-05:00/2006 11/30-05:00/2012 Common Stock, par value $0.01 per share 4,266 $ 0 8,533 D  
Nonqualified Stock Options (right to buy) $ 78.87 11/27-05:00/2012   M     4,266 01/02-05:00/2006 11/30-05:00/2012 Common Stock, par value $0.01 per share 4,266 $ 0 4,267 D  
Nonqualified Stock Options (right to buy) $ 78.87 11/28-05:00/2012   M     4,267 01/02-05:00/2006 11/30-05:00/2012 Common Stock, par value $0.01 per share 4,267 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SHERWOOD MICHAEL S
C/O GOLDMAN, SACHS & CO.
200 WEST STREET
NEW YORK, NY 10282		       Vice Chairman  

Signatures

 /s/ Beverly L. O'Toole, Attorney-in-fact   11/28-05:00/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Reflects the exercise by the Reporting Person of Stock Options granted in November 2002 and scheduled to expire in November 2012. This transaction was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
(2) Reflects a weighted average sale price of $119.1782 per share, at prices ranging from $118.5700 to $119.5400 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
(3) Reflects a weighted average sale price of $120.3096 per share, at prices ranging from $119.5700 to $120.5600 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
(4) Reflects a weighted average sale price of $120.6781 per share, at prices ranging from $120.5700 to $120.8400 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
(5) Reflects a weighted average sale price of $119.0084 per share, at prices ranging from $118.4400 to $119.4300 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
(6) Reflects a weighted average sale price of $119.9511 per share, at prices ranging from $119.4400 to $120.4300 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
(7) Reflects a weighted average sale price of $120.7728 per share, at prices ranging from $120.4400 to $121.2900 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
(8) Reflects a weighted average sale price of $117.1231 per share, at prices ranging from $116.6500 to $117.6400 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
(9) Reflects a weighted average sale price of $118.1186 per share, at prices ranging from $117.6500 to $118.6400 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
(10) Reflects a weighted average sale price of $119.014 per share, at prices ranging from $118.6500 to $119.2700 per share. The Reporting Person will provide, upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
(11) Held by spouse.
(12) Reported for informational purposes only. Held through a trust over which the Reporting Person has no investment control and the sole trustee of which is a third-party institution. In accordance with Rule 16a-8, the Reporting Person disclaims beneficial ownership of the shares held through this trust.

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