<HTML>
<HEAD>
<TITLE>THE GOLDMAN SACHS GROUP, INC.</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt">As filed with the Securities and Exchange Commission on November&nbsp;26, 2004



<P align="right" style="font-size: 10pt">Registration Statement No.&nbsp;333-


<HR size="4" noshade color="#000000" style="margin-top: -5px">
<HR size="1" noshade color="#000000" style="margin-top: -10px">





<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>


<P>
<HR noshade width="26%" align="center" size="1">
<P>



<P align="center" style="font-size: 18pt"><B>Form&nbsp;S-8</B>


<P align="center" style="font-size: 10pt">REGISTRATION STATEMENT<BR>
UNDER THE<BR>
SECURITIES ACT OF 1933



<P>
<HR noshade width="26%" align="center" size="1">
<P>



<P align="center" style="font-size: 24pt"><B>The Goldman Sachs Group, Inc.</B>

<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>

<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Delaware<BR>
(State or other jurisdiction of<BR>
incorporation or organization)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">13-4019460<BR>
(I.R.S. Employer<BR>
Identification No.)</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">85 Broad Street<BR>
New York, New York 10004<BR>
(Address, including zip code, of principal executive offices)



<P align="center" style="font-size: 10pt">The Goldman Sachs Group, Inc. Non-Qualified Deferred Compensation Plan for U.S. Participating Managing<BR>
Directors<BR>
The Goldman Sachs Group, Inc. Non-Qualified Deferred Compensation Plan for U.S. Extended Managing Directors<BR>
and Other Select Employees<BR>
(Full title of the plans)



<P align="center" style="font-size: 10pt">Kenneth L. Josselyn<BR>
85 Broad Street<BR>
New York, New York 10004<BR>
(212)&nbsp;902-1000<BR>
(Name, address, including zip code, and telephone number,<BR>
including area code, of agent for service)



<P>
<HR noshade width="26%" align="center" size="1">
<P>



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="1%">&nbsp;</TD>
    <TD width="52%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD><!-- VRule -->
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>

    <TD width="1%">&nbsp;</TD>
</TR><TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-bottom: 3px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Proposed</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Maximum</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Maximum</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount of</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>Title of each Class of Securities</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount to be</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Aggregate</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registration</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center"><B>to be Registered</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Registered (2)</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>per Unit (2)</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Offering Price (2)</B></TD>
    <TD style="border-right: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Fee (2)</B></TD>
    <TD width="1%">&nbsp;</TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
                    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">Deferred Compensation Obligations (1)</DIV></TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">200,000,000</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">100</TD>
    <TD nowrap style="border-top: 1px solid #000000">%</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">200,000,000</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">$</TD>
    <TD align="right" style="border-top: 1px solid #000000">25,340</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>

<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px solid #000000">&nbsp;</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">1. The Deferred Compensation Obligations are unsecured obligations of The
Goldman Sachs Group, Inc. to pay deferred compensation in the future in
accordance with the terms of The Goldman Sachs Group, Inc. Non-Qualified
Deferred Compensation Plan for U.S. Participating Managing Directors and The
Goldman Sachs Group, Inc. Non-Qualified Deferred Compensation Plan for U.S.
Extended Managing Directors and Other Select Employees.


<P align="left" style="font-size: 10pt">2. Estimated solely for purposes of calculating the registration fee.



<P>
<HR size="1" noshade color="#000000" style="margin-top: -2px">
<HR size="4" noshade color="#000000" style="margin-top: -10px">






<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">PART I</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;4. Description of Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;5. Interest of Named Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;7. Exemption from Registration Claimed</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#008">Item&nbsp;9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#010">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="y69167exv4w1.htm">EX-4.1: NON-QUALIFIED DEFERRED COMPENSATION PLAN (U.S. PARTICIPATING)</A></TD></TR>
<TR><TD colspan="9"><A HREF="y69167exv4w2.htm">EX-4.2: NON-QUALIFIED DEFERRED COMPENSATION PLAN (U.S. EXTENDED)</A></TD></TR>
<TR><TD colspan="9"><A HREF="y69167exv5.htm">EX-5: OPINION RE VALIDITY</A></TD></TR>
<TR><TD colspan="9"><A HREF="y69167exv15.htm">EX-15: LETTER RE UNAUDITED INTERIM FINANCIAL INFORMATION</A></TD></TR>
<TR><TD colspan="9"><A HREF="y69167exv23wa.htm">EX-23.A: CONSENT OF PRICEWATERHOUSECOOPERS LLP</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link1 "PART I" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="center" style="font-size: 10pt"><B>PART I</B>



<P align="center" style="font-size: 10pt"><B>Information Required in the Section&nbsp;10(a) Prospectus</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All information required by Part&nbsp;I to be contained in the prospectus is
omitted from this registration statement in accordance with Rule&nbsp;428 under the
Securities Act of 1933, as amended (the &#147;Securities Act&#148;).


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "PART II" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="center" style="font-size: 10pt"><B>PART II</B>



<P align="center" style="font-size: 10pt"><B>Information Required in the Registration Statement</B>


<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference" -->
<DIV align="left"><A NAME="002"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;3. Incorporation of Documents by Reference</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents have been filed by The Goldman Sachs Group, Inc.
(&#147;GS Inc.&#148;) with the Securities and Exchange Commission (the &#147;Commission&#148;)
(File No.&nbsp;001-14965) and are incorporated herein by reference:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>GS Inc.&#146;s Annual Report on Form 10-K for the year ended November
28, 2003;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>GS Inc.&#146;s Quarterly Reports on Form 10-Q for the quarters ended
February&nbsp;27, 2004, May&nbsp;28, 2004 and August&nbsp;27, 2004; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>GS Inc.&#146;s Current Reports on Form 8-K dated March&nbsp;23, 2004, June
22, 2004, July&nbsp;21, 2004, September&nbsp;21, 2004 and September&nbsp;27, 2004.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents filed by GS Inc. after the date hereof pursuant to Section
13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, prior to the
filing of a post-effective amendment which indicates that all securities
offered have been sold, or which deregisters all such securities then remaining
unsold, shall be deemed to be incorporated by reference in this registration
statement and to be a part hereof from the date of filing of such documents.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in a document incorporated by reference herein
shall be deemed to be modified or superseded for purposes of this registration
statement to the extent that a statement contained herein or in any other
subsequently filed document which also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any such statement so
modified or superseded will not be deemed, except as so modified or superseded,
to constitute a part of this registration statement.

<!-- link2 "Item&nbsp;4. Description of Securities" -->
<DIV align="left"><A NAME="003"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;4. Description of Securities</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under The Goldman Sachs Group, Inc. Non-Qualified Deferred Compensation
Plan for U.S. Participating Managing Directors and The Goldman Sachs Group,
Inc. Non-Qualified Deferred Compensation Plan for U.S. Extended Managing
Directors and Other Select U.S. Employees (collectively, the &#147;Plans&#148;), GS Inc. will
provide eligible employees with an opportunity to defer receipt of a portion of
their end-of-year bonus compensation, and in certain cases net cash
commissions. Deferred amounts will be credited to an
account maintained on the books and records of GS Inc. in the name of the
participant and will be considered to be invested in one or more
notional investments.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The participant&#146;s deferral request, in accordance with the terms of the
Plans, will determine the amount of compensation to be deferred. At the time
of the deferral request, the participant will specify the date on which payment
of the deferral amount will be made or commenced and the notional investments
used to value the amount. Participants&#146; account balances will be adjusted from
time to time to reflect any additional deferrals made under the Plans, positive
or negative returns based on the notional investments chosen by the
participants, any payments made under the Plan, and any applicable
administrative charges. The Plans do not guarantee any minimum rate of return.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The choice of notional investments available under the Plans will be
determined by an investment committee (the &#147;Committee&#148;). Participants will be
permitted to choose one or more of these notional investments, in which their accounts
may be deemed invested. The Committee may change, add or eliminate notional investments at any time in its discretion and may limit the availability of one
or more notional investments to any participants or group of participants.


<P align="center" style="font-size: 10pt">II - 1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligation of GS Inc. to pay deferred amounts in accordance with the
Plans (the &#147;Deferred Compensation Obligations&#148;) will be unsecured obligations
of GS Inc. and will rank equally with other unsecured and unsubordinated
indebtedness of GS Inc. from time to time outstanding. Nothing in the Plans
will be construed to give a participant or any other person rights to any
specific assets of GS Inc., its subsidiaries or its affiliates.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No benefit, payment, proceed or claim under the Plans can be subject to
claims, attachment, garnishment or other legal process by any creditor of a
participant or any other person. Neither a participant nor any other person
has the right to alienate, participate, hedge, commute, pledge, encumber,
assign or otherwise dispose of or transfer any benefits, payments, proceeds or
claims that may be expected under the Plans. Any attempt to so alienate ,
participate, hedge, commute, pledge, encumber, or assign any such benefit,
payment, proceed, or claim shall be null and void and of no force or effect.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except in the case of death or disability (as defined in the Plans), the
Deferred Compensation Obligations are not subject to redemption, in whole or in
part, prior to the individual distribution dates specified by the participants.
However, GS Inc. may amend or terminate the Plans at any time, with respect to
any or all participants, including in any manner that adversely affects
participants&#146; rights, and pay all amounts due under the Plans.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Deferred Compensation Obligations are not convertible into another
security of GS Inc. The Deferred Compensation Obligations will not have the
benefit of any affirmative or negative covenant on the part of GS Inc. No
trustee has been appointed having the authority to take action with respect to
the Deferred Compensation Obligations, and each participant will be responsible
for acting independently with respect to, among other things, the giving of
notices, responding to any requests for consents, waivers or amendments
pertaining to the Deferred Compensation Obligations, enforcing covenants and
taking action upon a default.

<!-- link2 "Item&nbsp;5. Interest of Named Experts and Counsel" -->
<DIV align="left"><A NAME="004"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;5. Interest of Named Experts and Counsel</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The financial statements of GS Inc. as of November&nbsp;28, 2003 and November
29, 2002 and for each of the three years in the period ended November&nbsp;28, 2003
incorporated by reference in this registration statement and the financial
statement schedule incorporated by reference in the registration statement have
been included in reliance on the reports of PricewaterhouseCoopers LLP, an
independent registered public accounting firm, given on the authority of said
firm as experts in auditing and accounting.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The historical income statement, balance sheet and common share data set
forth in &#147;Selected Consolidated Financial Data&#148; for each of the five fiscal
years in the period ended November&nbsp;28, 2003 incorporated by reference in this
registration statement have been so included in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm,
given on the authority of said firm as experts in auditing and accounting.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to the unaudited condensed consolidated financial statements
of GS Inc. as of and for the nine months ended August&nbsp;27, 2004 and for the
three and the nine months ended August&nbsp;29, 2003, as of and for the three and
the six months ended May&nbsp;28, 2004 and May&nbsp;30, 2003 and the three months ended
February&nbsp;27, 2004 and February&nbsp;28, 2003 incorporated by reference in this
registration statement, PricewaterhouseCoopers LLP reported that they have
applied limited procedures in accordance with professional standards for a
review of such information. However, their reports dated October&nbsp;7, 2004, July
8, 2004 and April&nbsp;5, 2004 incorporated by reference herein state that they did
not audit and they do not express an opinion on the unaudited condensed
consolidated financial statements. Accordingly, the degree of reliance on
their reports on such information should be restricted in light of the limited
nature of the review procedures applied. PricewaterhouseCoopers LLP is not
subject to the liability provisions of Section&nbsp;11 of the Securities Act of 1933
for their reports on the unaudited condensed consolidated financial statements
because those reports are not a &#147;report&#148; or a &#147;part&#148; of the registration
statement prepared or certified by PricewaterhouseCoopers LLP within the
meaning of Sections&nbsp;7 and 11 of the Securities Act of 1933.


<P align="center" style="font-size: 10pt">II - 2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The validity of the deferred compensation obligations to be offered and
sold pursuant to the Plans will be passed upon by Sullivan &#038; Cromwell LLP, New
York, New York.

<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers" -->
<DIV align="left"><A NAME="005"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;6. Indemnification of Directors and Officers</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 of the Delaware General Corporation Law provides that a
corporation may indemnify directors and officers as well as other employees and
individuals against expenses (including attorneys&#146; fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by such person in
connection with any threatened, pending or completed actions, suits or
proceedings in which such person is made a party by reason of such person being
or having been a director, officer, employee of or agent to GS Inc. The
statute provides that it is not exclusive of other rights to which those
seeking indemnification may be entitled under any by-law, agreement, vote of
stockholders or disinterested directors or otherwise. Section&nbsp;6.4 of GS Inc.&#146;s
by-laws provides for indemnification by GS Inc. of any director or officer (as
such term is defined in the by-laws) of GS Inc. who is or was a director of any
of its subsidiaries, is or was a member of the Shareholders&#146; Committee acting
pursuant to the amended and restated shareholders&#146; agreement (as described in
our Annual Report on Form 10-K for the fiscal year ended November&nbsp;28, 2003
incorporated by reference in this registration statement) or, at the request of
GS Inc., is or was serving as a director or officer of, or in any other
capacity for, any other enterprise, to the fullest extent permitted by law.
The by-laws also provide that GS Inc. shall advance expenses to a director or
officer and, if reimbursement of such expenses is demanded in advance of the
final disposition of the matter with respect to which such demand is being
made, upon receipt of an undertaking by or on behalf of such director or
officer to repay such amount if it is ultimately determined that the director
or officer is not entitled to be indemnified by GS Inc. To the extent
authorized from time to time by the board of directors of GS Inc., GS Inc. may
provide to any one or more employees of GS Inc., one or more officers,
employees and other agents of any subsidiary or one or more directors,
officers, employees and other agents of any other enterprise, rights of
indemnification and to receive payment or reimbursement of expenses, including
attorneys&#146; fees, that are similar to the rights conferred in the by-laws of GS
Inc. on directors and officers of GS Inc. or any subsidiary or other
enterprise. The by-laws do not limit the power of GS Inc. or its board of
directors to provide other indemnification and expense reimbursement rights to
directors, officers, employees, agents and other persons otherwise than
pursuant to the by-laws. GS Inc. has entered into agreements with certain
directors, officers and employees who have been asked to serve in specified
capacities at subsidiaries and other entities.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GS Inc. has entered into an agreement that provides indemnification to its
directors and officers for all losses, damages, costs and expenses incurred by
the indemnified person arising out of this registration statement. This
agreement is in addition to GS Inc.&#146;s indemnification obligations under its
by-laws.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;102(b)(7) of the Delaware General Corporation Law permits a
corporation to provide in its certificate of incorporation that a director of
the corporation shall not be personally liable to the corporation or its
stockholders for monetary damages for breach of fiduciary duty as a director,
except for liability (i)&nbsp;for any breach of the director&#146;s duty of loyalty to
the corporation or its stockholders, (ii)&nbsp;for acts or omissions not in good
faith or which involve intentional misconduct or a knowing violation of law,
(iii)&nbsp;for payments of unlawful dividends or unlawful stock repurchases or
redemptions, or (iv)&nbsp;for any transaction from which the director derived an
improper personal benefit. GS Inc.&#146;s amended and restated certificate of
incorporation provides for such limitation of liability.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Policies of insurance are maintained by GS Inc. under which its directors
and officers are insured, within the limits and subject to the limitations of
the policies, against certain expenses in connection with the defense of, and
certain liabilities which might be imposed as result of, actions, suits or
proceedings to which they are parties by reason of being or having been such
directors or officers.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the Plans, each member of the Administrative Committee, the
Committee and the Compensation Policy Committee, as well as each of GS Inc.&#146;s
directors and officers, is indemnified against any loss, cost, liability or
expense (including attorney&#146;s fees) imposed on or incurred by such person in
connection with or resulting from any action, suit or proceeding to which such
person may be a party or involved by reason of any action taken or omitted to
be taken under the Plans, as well as all amounts paid, with GS Inc.&#146;s approval,
in settlement thereof or paid in


<P align="center" style="font-size: 10pt">II - 3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt">satisfaction of any judgment. The Plans also provide that no such person
shall have any liability to any person (including a participant) for any action
taken or omitted to be taken or any determination made in good faith.

<!-- link2 "Item&nbsp;7. Exemption from Registration Claimed" -->
<DIV align="left"><A NAME="006"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;7. Exemption from Registration Claimed</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.

<!-- link2 "Item&nbsp;8. Exhibits" -->
<DIV align="left"><A NAME="007"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;8. Exhibits</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The exhibits are listed in the exhibit index.

<!-- link2 "Item&nbsp;9. Undertakings" -->
<DIV align="left"><A NAME="008"></A></DIV>

<P align="left" style="font-size: 10pt"><B>Item&nbsp;9. Undertakings</B>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GS Inc. hereby undertakes:


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>(1)&nbsp;To file, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement:</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:5%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section&nbsp;10(a)(3) of the
Securities Act of 1933 as amended;



<P align="left" style="margin-left:5%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after
the effective date of this registration statement (or the most recent
post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in
this registration statement;



<P align="left" style="margin-left:5%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan
of distribution not previously disclosed in this registration statement
or any material change to such information in this registration
statement;

<P align="left" style="font-size: 10pt"><I>provided</I>, <I>however</I>, that paragraphs (a) (1)(i) and (a) (1)(ii) do not apply if
the information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by GS Inc. pursuant to Section&nbsp;13 or Section 15(d) of the Exchange
Act that are incorporated by reference in this registration statement.




<P align="left" style="margin-left:5%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to
be the initial <I>bona fide </I>offering thereof.



<P align="left" style="margin-left:5%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the
termination of the offering.



<P align="left" style="margin-left:5%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) That, for purposes of determining any liability under the
Securities Act of 1933, each filing of GS Inc.&#146;s annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by
reference in this registration statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.


<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of GS Inc. pursuant to the foregoing provisions, or
otherwise, GS Inc. has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed
in the Securities Act of 1933 and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other
than the payment by GS Inc. of expenses incurred or paid by a director,
officer or controlling person of GS Inc. in the successful defense of
any action, suit or</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">II - 4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt"><TR valign="top" style="font-size: 10pt; color: #textcolor#; background: #bgcolor#">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>proceeding) is asserted against GS Inc. by such director, officer or
controlling person in connection with the securities being registered, GS
Inc. will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act of 1933 and will be
governed by the final adjudication of such issue.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">II - 5
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="009"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of New York, State of New York, on this 26th day of
November, 2004.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top">&nbsp;</TD>
    <TD colspan="3">THE GOLDMAN SACHS GROUP, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000">/s/
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD>Esta E. Stecher&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD>Executive Vice President, General <br>
Counsel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Henry M. Paulson, Jr., Lloyd C.
Blankfein, David A. Viniar, Gregory K. Palm and Esta E. Stecher, and each of
them severally, his or her true and lawful attorney-in-fact with full power of
substitution and resubstitution to sign in his or her name, place and stead, in
any and all capacities, to do any and all things and execute any and all
instruments that such attorney may deem necessary or advisable under the
Securities Act of 1933, and any rules, regulations and requirements of the
Securities and Exchange Commission, including specifically, but without
limiting the generality of the foregoing, the power and authority to sign his
or her name in his or her respective capacity as a member of the Board of
Directors or officer of the Registrant, this Registration Statement, any and
all amendments (including post-effective amendments) to this Registration
Statement and any other documents filed with the Securities and Exchange
Commission, as fully for all intents and purposes as he or she might or could
do in person, and hereby ratifies and confirms all said attorneys-in-fact and
agents, each acting alone, and his or her substitute or substitutes, may
lawfully do or cause to be done by virtue hereof. Pursuant to the requirements
of the Securities Act of 1933, this registration statement has been signed by
the following persons in the capacities and on the dates indicated.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Title </B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date</B></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" nowrap valign="top"><DIV style="margin-left:10px; text-indent:-10px">Director, Chairman of the Board and<BR>
Chief Executive Officer<BR>
(Principal Executive Officer)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(Henry M. Paulson, Jr.)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Director and Chief Operating Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(Lloyd C. Blankfein)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(Lord Browne of Madingley)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(John H. Bryan)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Title </B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Date</B></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(Claes Dahlb&#228;ck)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(William W. George)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(James A. Johnson)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(James A. Johnson)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(Lois D. Juliber)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(Edward M. Liddy)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Director</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(Ruth J. Simmons)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Chief Financial Officer<BR>
(Principal Financial Officer)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(David A. Viniar)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>

<TR valign="bottom" style="padding-top: 1em">
    <TD align="center" nowrap valign="top">Principal Accounting Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">
/s/<BR>
<HR size="1" noshade>
(Sarah E. Smith)
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">November 19, 2004</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="010"></A></DIV>

<P align="center" style="font-size: 10pt"><B>EXHIBIT INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">

<!-- Begin Table Head --><TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Exhibit</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Number</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Description</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><B>Location </B><HR size="1" noshade></TD>
</TR>


<!-- End Table Head -->

<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Goldman Sachs Group, Inc. Non-Qualified
Deferred Compensation Plan for U.S.
Participating Managing Directors <br><br>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed as exhibit hereto.</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">The Goldman Sachs Group, Inc. Non-Qualified
Deferred Compensation Plan for U.S. Extended
Managing Directors and Other Select
Employees <br><br>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed as exhibit hereto.</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion re validity
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed as exhibit hereto.<br><br></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">15
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Letter re Unaudited Interim Financial<BR>
Information <br><br>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed as an exhibit hereto.</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">23
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consents of experts and counsel</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(a) PricewaterhouseCoopers LLP
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Filed as exhibit hereto.</TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(b) Sullivan &#038; Cromwell LLP
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Included in Exhibit&nbsp;5. <br><br></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px">24
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Included in signature pages.</TD>
</TR>


<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "y69167sv8.htm", "description": "THE GOLDMAN SACHS GROUP, INC.", "secsgml_size_bytes": 48661}]
{"company-data": {"conformed-name": "GOLDMAN SACHS GROUP INC/", "cik": "0000886982", "assigned-sic": "6211", "irs-number": "134019460", "state-of-incorporation": "DE", "fiscal-year-end": "1128"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-120802", "film-number": "041169307"}, "business-address": {"street1": "85 BROAD ST", "city": "NEW YORK", "state": "NY", "zip": "10004", "phone": "2129021000"}, "mail-address": {"street1": "85 BROAD ST", "city": "NEW YORK", "state": "NY", "zip": "10004"}}
THE GOLDMAN SACHS GROUP, INC.
Table of Contents
As filed with the Securities and Exchange Commission on November 26, 2004
Registration Statement No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Form S-8
REGISTRATION STATEMENT
UNDER THE
SECURITIES ACT OF 1933
The Goldman Sachs Group, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of
incorporation or organization)
13-4019460
(I.R.S. Employer
Identification No.)
85 Broad Street
New York, New York 10004
(Address, including zip code, of principal executive offices)
The Goldman Sachs Group, Inc. Non-Qualified Deferred Compensation Plan for U.S. Participating Managing
Directors
The Goldman Sachs Group, Inc. Non-Qualified Deferred Compensation Plan for U.S. Extended Managing Directors
and Other Select Employees
(Full title of the plans)
Kenneth L. Josselyn
85 Broad Street
New York, New York 10004
(212) 902-1000
(Name, address, including zip code, and telephone number,
including area code, of agent for service)
Proposed
Proposed
Maximum
Maximum
Amount of
Title of each Class of Securities
Amount to be
Offering Price
Aggregate
Registration
to be Registered
Registered (2)
per Unit (2)
Offering Price (2)
Fee (2)
Deferred Compensation Obligations (1)
$
200,000,000
100
%
$
200,000,000
$
25,340
1. The Deferred Compensation Obligations are unsecured obligations of The
Goldman Sachs Group, Inc. to pay deferred compensation in the future in
accordance with the terms of The Goldman Sachs Group, Inc. Non-Qualified
Deferred Compensation Plan for U.S. Participating Managing Directors and The
Goldman Sachs Group, Inc. Non-Qualified Deferred Compensation Plan for U.S.
Extended Managing Directors and Other Select Employees.
2. Estimated solely for purposes of calculating the registration fee.
TABLE OF CONTENTS
PART I
PART II
Item 3. Incorporation of Documents by Reference
Item 4. Description of Securities
Item 5. Interest of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption from Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES
EXHIBIT INDEX
EX-4.1: NON-QUALIFIED DEFERRED COMPENSATION PLAN (U.S. PARTICIPATING)
EX-4.2: NON-QUALIFIED DEFERRED COMPENSATION PLAN (U.S. EXTENDED)
EX-5: OPINION RE VALIDITY
EX-15: LETTER RE UNAUDITED INTERIM FINANCIAL INFORMATION
EX-23.A: CONSENT OF PRICEWATERHOUSECOOPERS LLP
Table of Contents
PART I
Information Required in the Section 10(a) Prospectus
All information required by Part I to be contained in the prospectus is
omitted from this registration statement in accordance with Rule 428 under the
Securities Act of 1933, as amended (the "Securities Act").
Table of Contents
PART II
Information Required in the Registration Statement
Item 3. Incorporation of Documents by Reference
The following documents have been filed by The Goldman Sachs Group, Inc.
("GS Inc.") with the Securities and Exchange Commission (the "Commission")
(File No. 001-14965) and are incorporated herein by reference:
(a)
GS Inc.'s Annual Report on Form 10-K for the year ended November
28, 2003;
(b)
GS Inc.'s Quarterly Reports on Form 10-Q for the quarters ended
February 27, 2004, May 28, 2004 and August 27, 2004; and
(c)
GS Inc.'s Current Reports on Form 8-K dated March 23, 2004, June
22, 2004, July 21, 2004, September 21, 2004 and September 27, 2004.
All documents filed by GS Inc. after the date hereof pursuant to Section
13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, prior to the
filing of a post-effective amendment which indicates that all securities
offered have been sold, or which deregisters all such securities then remaining
unsold, shall be deemed to be incorporated by reference in this registration
statement and to be a part hereof from the date of filing of such documents.
Any statement contained in a document incorporated by reference herein
shall be deemed to be modified or superseded for purposes of this registration
statement to the extent that a statement contained herein or in any other
subsequently filed document which also is or is deemed to be incorporated by
reference herein modifies or supersedes such statement. Any such statement so
modified or superseded will not be deemed, except as so modified or superseded,
to constitute a part of this registration statement.
Item 4. Description of Securities
Under The Goldman Sachs Group, Inc. Non-Qualified Deferred Compensation
Plan for U.S. Participating Managing Directors and The Goldman Sachs Group,
Inc. Non-Qualified Deferred Compensation Plan for U.S. Extended Managing
Directors and Other Select U.S. Employees (collectively, the "Plans"), GS Inc. will
provide eligible employees with an opportunity to defer receipt of a portion of
their end-of-year bonus compensation, and in certain cases net cash
commissions. Deferred amounts will be credited to an
account maintained on the books and records of GS Inc. in the name of the
participant and will be considered to be invested in one or more
notional investments.
The participant's deferral request, in accordance with the terms of the
Plans, will determine the amount of compensation to be deferred. At the time
of the deferral request, the participant will specify the date on which payment
of the deferral amount will be made or commenced and the notional investments
used to value the amount. Participants' account balances will be adjusted from
time to time to reflect any additional deferrals made under the Plans, positive
or negative returns based on the notional investments chosen by the
participants, any payments made under the Plan, and any applicable
administrative charges. The Plans do not guarantee any minimum rate of return.
The choice of notional investments available under the Plans will be
determined by an investment committee (the "Committee"). Participants will be
permitted to choose one or more of these notional investments, in which their accounts
may be deemed invested. The Committee may change, add or eliminate notional investments at any time in its discretion and may limit the availability of one
or more notional investments to any participants or group of participants.
II - 1
Table of Contents
The obligation of GS Inc. to pay deferred amounts in accordance with the
Plans (the "Deferred Compensation Obligations") will be unsecured obligations
of GS Inc. and will rank equally with other unsecured and unsubordinated
indebtedness of GS Inc. from time to time outstanding. Nothing in the Plans
will be construed to give a participant or any other person rights to any
specific assets of GS Inc., its subsidiaries or its affiliates.
No benefit, payment, proceed or claim under the Plans can be subject to
claims, attachment, garnishment or other legal process by any creditor of a
participant or any other person. Neither a participant nor any other person
has the right to alienate, participate, hedge, commute, pledge, encumber,
assign or otherwise dispose of or transfer any benefits, payments, proceeds or
claims that may be expected under the Plans. Any attempt to so alienate ,
participate, hedge, commute, pledge, encumber, or assign any such benefit,
payment, proceed, or claim shall be null and void and of no force or effect.
Except in the case of death or disability (as defined in the Plans), the
Deferred Compensation Obligations are not subject to redemption, in whole or in
part, prior to the individual distribution dates specified by the participants.
However, GS Inc. may amend or terminate the Plans at any time, with respect to
any or all participants, including in any manner that adversely affects
participants' rights, and pay all amounts due under the Plans.
The Deferred Compensation Obligations are not convertible into another
security of GS Inc. The Deferred Compensation Obligations will not have the
benefit of any affirmative or negative covenant on the part of GS Inc. No
trustee has been appointed having the authority to take action with respect to
the Deferred Compensation Obligations, and each participant will be responsible
for acting independently with respect to, among other things, the giving of
notices, responding to any requests for consents, waivers or amendments
pertaining to the Deferred Compensation Obligations, enforcing covenants and
taking action upon a default.
Item 5. Interest of Named Experts and Counsel
The financial statements of GS Inc. as of November 28, 2003 and November
29, 2002 and for each of the three years in the period ended November 28, 2003
incorporated by reference in this registration statement and the financial
statement schedule incorporated by reference in the registration statement have
been included in reliance on the reports of PricewaterhouseCoopers LLP, an
independent registered public accounting firm, given on the authority of said
firm as experts in auditing and accounting.
The historical income statement, balance sheet and common share data set
forth in "Selected Consolidated Financial Data" for each of the five fiscal
years in the period ended November 28, 2003 incorporated by reference in this
registration statement have been so included in reliance on the report of
PricewaterhouseCoopers LLP, an independent registered public accounting firm,
given on the authority of said firm as experts in auditing and accounting.
With respect to the unaudited condensed consolidated financial statements
of GS Inc. as of and for the nine months ended August 27, 2004 and for the
three and the nine months ended August 29, 2003, as of and for the three and
the six months ended May 28, 2004 and May 30, 2003 and the three months ended
February 27, 2004 and February 28, 2003 incorporated by reference in this
registration statement, PricewaterhouseCoopers LLP reported that they have
applied limited procedures in accordance with professional standards for a
review of such information. However, their reports dated October 7, 2004, July
8, 2004 and April 5, 2004 incorporated by reference herein state that they did
not audit and they do not express an opinion on the unaudited condensed
consolidated financial statements. Accordingly, the degree of reliance on
their reports on such information should be restricted in light of the limited
nature of the review procedures applied. PricewaterhouseCoopers LLP is not
subject to the liability provisions of Section 11 of the Securities Act of 1933
for their reports on the unaudited condensed consolidated financial statements
because those reports are not a "report" or a "part" of the registration
statement prepared or certified by PricewaterhouseCoopers LLP within the
meaning of Sections 7 and 11 of the Securities Act of 1933.
II - 2
Table of Contents
The validity of the deferred compensation obligations to be offered and
sold pursuant to the Plans will be passed upon by Sullivan & Cromwell LLP, New
York, New York.
Item 6. Indemnification of Directors and Officers
Section 145 of the Delaware General Corporation Law provides that a
corporation may indemnify directors and officers as well as other employees and
individuals against expenses (including attorneys' fees), judgments, fines and
amounts paid in settlement actually and reasonably incurred by such person in
connection with any threatened, pending or completed actions, suits or
proceedings in which such person is made a party by reason of such person being
or having been a director, officer, employee of or agent to GS Inc. The
statute provides that it is not exclusive of other rights to which those
seeking indemnification may be entitled under any by-law, agreement, vote of
stockholders or disinterested directors or otherwise. Section 6.4 of GS Inc.'s
by-laws provides for indemnification by GS Inc. of any director or officer (as
such term is defined in the by-laws) of GS Inc. who is or was a director of any
of its subsidiaries, is or was a member of the Shareholders' Committee acting
pursuant to the amended and restated shareholders' agreement (as described in
our Annual Report on Form 10-K for the fiscal year ended November 28, 2003
incorporated by reference in this registration statement) or, at the request of
GS Inc., is or was serving as a director or officer of, or in any other
capacity for, any other enterprise, to the fullest extent permitted by law.
The by-laws also provide that GS Inc. shall advance expenses to a director or
officer and, if reimbursement of such expenses is demanded in advance of the
final disposition of the matter with respect to which such demand is being
made, upon receipt of an undertaking by or on behalf of such director or
officer to repay such amount if it is ultimately determined that the director
or officer is not entitled to be indemnified by GS Inc. To the extent
authorized from time to time by the board of directors of GS Inc., GS Inc. may
provide to any one or more employees of GS Inc., one or more officers,
employees and other agents of any subsidiary or one or more directors,
officers, employees and other agents of any other enterprise, rights of
indemnification and to receive payment or reimbursement of expenses, including
attorneys' fees, that are similar to the rights conferred in the by-laws of GS
Inc. on directors and officers of GS Inc. or any subsidiary or other
enterprise. The by-laws do not limit the power of GS Inc. or its board of
directors to provide other indemnification and expense reimbursement rights to
directors, officers, employees, agents and other persons otherwise than
pursuant to the by-laws. GS Inc. has entered into agreements with certain
directors, officers and employees who have been asked to serve in specified
capacities at subsidiaries and other entities.
GS Inc. has entered into an agreement that provides indemnification to its
directors and officers for all losses, damages, costs and expenses incurred by
the indemnified person arising out of this registration statement. This
agreement is in addition to GS Inc.'s indemnification obligations under its
by-laws.
Section 102(b)(7) of the Delaware General Corporation Law permits a
corporation to provide in its certificate of incorporation that a director of
the corporation shall not be personally liable to the corporation or its
stockholders for monetary damages for breach of fiduciary duty as a director,
except for liability (i) for any breach of the director's duty of loyalty to
the corporation or its stockholders, (ii) for acts or omissions not in good
faith or which involve intentional misconduct or a knowing violation of law,
(iii) for payments of unlawful dividends or unlawful stock repurchases or
redemptions, or (iv) for any transaction from which the director derived an
improper personal benefit. GS Inc.'s amended and restated certificate of
incorporation provides for such limitation of liability.
Policies of insurance are maintained by GS Inc. under which its directors
and officers are insured, within the limits and subject to the limitations of
the policies, against certain expenses in connection with the defense of, and
certain liabilities which might be imposed as result of, actions, suits or
proceedings to which they are parties by reason of being or having been such
directors or officers.
Under the Plans, each member of the Administrative Committee, the
Committee and the Compensation Policy Committee, as well as each of GS Inc.'s
directors and officers, is indemnified against any loss, cost, liability or
expense (including attorney's fees) imposed on or incurred by such person in
connection with or resulting from any action, suit or proceeding to which such
person may be a party or involved by reason of any action taken or omitted to
be taken under the Plans, as well as all amounts paid, with GS Inc.'s approval,
in settlement thereof or paid in
II - 3
Table of Contents
satisfaction of any judgment. The Plans also provide that no such person
shall have any liability to any person (including a participant) for any action
taken or omitted to be taken or any determination made in good faith.
Item 7. Exemption from Registration Claimed
Not applicable.
Item 8. Exhibits
The exhibits are listed in the exhibit index.
Item 9. Undertakings
GS Inc. hereby undertakes:
(a)
(1) To file, during any period in which offers or sales are being
made, a post-effective amendment to this registration statement:
(i) To include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933 as amended;
(ii) To reflect in the prospectus any facts or events arising after
the effective date of this registration statement (or the most recent
post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in
this registration statement;
(iii) To include any material information with respect to the plan
of distribution not previously disclosed in this registration statement
or any material change to such information in this registration
statement;
provided
,
however
, that paragraphs (a) (1)(i) and (a) (1)(ii) do not apply if
the information required to be included in a post-effective amendment by those
paragraphs is contained in periodic reports filed with or furnished to the
Commission by GS Inc. pursuant to Section 13 or Section 15(d) of the Exchange
Act that are incorporated by reference in this registration statement.
(2) That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to
be the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the
termination of the offering.
(4) That, for purposes of determining any liability under the
Securities Act of 1933, each filing of GS Inc.'s annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by
reference in this registration statement shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial
bona fide offering thereof.
(b)
Insofar as indemnification for liabilities arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of GS Inc. pursuant to the foregoing provisions, or
otherwise, GS Inc. has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed
in the Securities Act of 1933 and is, therefore, unenforceable. In the
event that a claim for indemnification against such liabilities (other
than the payment by GS Inc. of expenses incurred or paid by a director,
officer or controlling person of GS Inc. in the successful defense of
any action, suit or
II - 4
Table of Contents
proceeding) is asserted against GS Inc. by such director, officer or
controlling person in connection with the securities being registered, GS
Inc. will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against
public policy as expressed in the Securities Act of 1933 and will be
governed by the final adjudication of such issue.
II - 5
Table of Contents
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant
certifies that it has reasonable grounds to believe that it meets all of the
requirements for filing on Form S-8 and has duly caused this registration
statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of New York, State of New York, on this 26th day of
November, 2004.
THE GOLDMAN SACHS GROUP, INC.
By:
/s/
Name:
Esta E. Stecher
Title:
Executive Vice President, General
Counsel
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints Henry M. Paulson, Jr., Lloyd C.
Blankfein, David A. Viniar, Gregory K. Palm and Esta E. Stecher, and each of
them severally, his or her true and lawful attorney-in-fact with full power of
substitution and resubstitution to sign in his or her name, place and stead, in
any and all capacities, to do any and all things and execute any and all
instruments that such attorney may deem necessary or advisable under the
Securities Act of 1933, and any rules, regulations and requirements of the
Securities and Exchange Commission, including specifically, but without
limiting the generality of the foregoing, the power and authority to sign his
or her name in his or her respective capacity as a member of the Board of
Directors or officer of the Registrant, this Registration Statement, any and
all amendments (including post-effective amendments) to this Registration
Statement and any other documents filed with the Securities and Exchange
Commission, as fully for all intents and purposes as he or she might or could
do in person, and hereby ratifies and confirms all said attorneys-in-fact and
agents, each acting alone, and his or her substitute or substitutes, may
lawfully do or cause to be done by virtue hereof. Pursuant to the requirements
of the Securities Act of 1933, this registration statement has been signed by
the following persons in the capacities and on the dates indicated.
Title
Signature
Date
Director, Chairman of the Board and
Chief Executive Officer
(Principal Executive Officer)
/s/
(Henry M. Paulson, Jr.)
November 19, 2004
Director and Chief Operating Officer
/s/
(Lloyd C. Blankfein)
November 19, 2004
Director
/s/
(Lord Browne of Madingley)
November 19, 2004
Director
/s/
(John H. Bryan)
November 19, 2004
Table of Contents
Title
Signature
Date
Director
/s/
(Claes Dahlbäck)
November 19, 2004
Director
/s/
(William W. George)
November 19, 2004
Director
/s/
(James A. Johnson)
November 19, 2004
Director
/s/
(James A. Johnson)
November 19, 2004
Director
/s/
(Lois D. Juliber)
November 19, 2004
Director
/s/
(Edward M. Liddy)
November 19, 2004
Director
/s/
(Ruth J. Simmons)
November 19, 2004
Chief Financial Officer
(Principal Financial Officer)
/s/
(David A. Viniar)
November 19, 2004
Principal Accounting Officer
/s/
(Sarah E. Smith)
November 19, 2004
Table of Contents
EXHIBIT INDEX
Exhibit
Number
Description
Location
4.1
The Goldman Sachs Group, Inc. Non-Qualified
Deferred Compensation Plan for U.S.
Participating Managing Directors
Filed as exhibit hereto.
4.2
The Goldman Sachs Group, Inc. Non-Qualified
Deferred Compensation Plan for U.S. Extended
Managing Directors and Other Select
Employees
Filed as exhibit hereto.
5
Opinion re validity
Filed as exhibit hereto.
15
Letter re Unaudited Interim Financial
Information
Filed as an exhibit hereto.
23
Consents of experts and counsel
(a) PricewaterhouseCoopers LLP
Filed as exhibit hereto.
(b) Sullivan & Cromwell LLP
Included in Exhibit 5.
24
Power of Attorney
Included in signature pages.