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<TITLE>THE GOLDMAN SACHS GROUP, INC.</TITLE>
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<P align="right"><FONT size="2">As filed with the Securities and Exchange Commission on June&nbsp;24, 2003
</FONT>


<P align="right"><FONT size="2"><B>Registration
No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>
</FONT>


<P align="center"><FONT size="4">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION
</FONT>


<DIV align="center"><FONT size="3">WASHINGTON, DC 20549
</FONT></DIV>


<P align="center"><HR size="1" width="15%" noshade>


<P align="center"><FONT size="5">FORM S-8
</FONT>


<DIV align="center"><FONT size="3">REGISTRATION STATEMENT<br>
UNDER<br>
THE SECURITIES ACT OF 1933
</FONT></DIV>


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<P align="center"><FONT size="5">The Goldman Sachs Group, Inc.
</FONT>


<DIV align="center"><FONT size="2">(Exact Name of Registrant as Specified in its Charter)
</FONT></DIV>

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    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
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    <TD align="center" valign="top"><FONT size="2">Delaware<br>
(State or Other Jurisdiction of<br>
Incorporation or Organization)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
13-4019460<br>
(I.R.S. Employer<br>
Identification No.)</FONT></TD>
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</TABLE>
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<P align="center"><FONT size="2">85 Broad Street<BR>
New York, New York 10004<BR>
(212)&nbsp;902-1000<BR>
(Address of Principal Executive Offices)
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<P align="center"><FONT size="2">The Goldman Sachs Amended and Restated Stock Incentive Plan<BR>
The Goldman Sachs Defined Contribution Plan<BR>
(Full Title of the Plans)
</FONT>


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<P align="center"><FONT size="2">Gregory K. Palm<BR>
Esta E. Stecher<BR>
Kenneth L. Josselyn<BR>
The Goldman Sachs Group, Inc.<BR>
85 Broad Street<BR>
New York, New York 10004<BR>
(212)&nbsp;902-1000<BR>
(Name, address and telephone number,<BR>
including area code, of agent for service)
</FONT>


<P align="center"><FONT size="2">CALCULATION OF REGISTRATION FEE
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<TR>
    <TD width="32%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="14%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="14%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="14%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="14%"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Proposed Maximum</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Proposed Maximum</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Amount of</FONT></B></TD>
</TR>

<TR>
    <TD></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Amount to Be</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Offering Price Per</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Aggregate Offering</FONT></B></TD>
    <TD></TD>

<TD align="center" nowrap><B><FONT size="1">Registration&nbsp;Fee(3)</FONT></B></TD>
</TR>

<TR>
    <TD align="center" nowrap><B><FONT size="1">Title of Securities to Be Registered</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Registered(1)</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Share(2)</FONT></B></TD>
    <TD></TD>
    <TD align="center" nowrap><B><FONT size="1">Price(2)</FONT></B></TD>
    <TD></TD>
    </TR>

<TR>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
    <TD></TD>
    <TD align="center" nowrap><HR size="1" noshade></TD>
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<TR>
    <TD align="left" valign="top">
    <FONT size="2">Common Stock, par value $0.01 per share<BR>
    Rights(4)
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">250,000,000 shares
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">$85.43
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">$21,357,500,000
    </FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top">
    <FONT size="2">$1,727,822
    </FONT></TD>
</TR>

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<P>
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<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">This Registration Statement also relates to an indeterminate
number of additional shares of common stock that may be issued
pursuant to anti-dilution and adjustment provisions of the
above-named plans.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Estimated solely for purposes of calculating the registration fee, in
accordance with Rule&nbsp;457(h) under the Securities Act of 1933, as amended.
Such estimate is based upon the average of the high and low sales prices
of the common stock of The Goldman Sachs Group, Inc. on June&nbsp;23, 2003, as
reported by the Consolidated Tape Association.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(3)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Pursuant to General Instruction E
to Form&nbsp;S-8, 131,319,417 shares of
common stock are being carried forward from Registration Statement No.
333-80839 initially filed on June&nbsp;16, 1999. The entire registration fee
of $1,727,822 has been offset against the registration fee of
$2,272,548 associated with those shares previously paid by The Goldman Sachs Group,
Inc. under Registration Statement No.&nbsp;333-80839.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(4)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Each share of common stock includes one Stockholder Protection Right
issued pursuant to a Stockholder Protection Rights Agreement, dated as of
April&nbsp;5, 1999.</FONT></TD>
</TR>
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<P align="center"><FONT size="2">INCORPORATION OF INFORMATION
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to General Instruction E to Form&nbsp;S-8, all the contents of
Registration Statement No.&nbsp;333-80839 are hereby incorporated by reference into
this Registration Statement.
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<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>

<P align="left"><FONT size="2">&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&nbsp;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 24th day of
June, 2003.
</FONT>

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    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3" valign="top" align="left"><FONT size="2">THE GOLDMAN SACHS GROUP, INC.</FONT></TD>
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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
By:
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">/s/ HENRY M. PAULSON, JR.</FONT></TD>
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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><HR size="1" noshade></TD>
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    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Name: Henry M. Paulson, Jr.<br>
Title: Chief Executive Officer</FONT></TD>
</TR>
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<P align="center"><FONT size="2"><B>POWER OF ATTORNEY</B>
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints John A. Thain, Gregory K. Palm, David A.
Viniar 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.
</FONT>

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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities indicated:
</FONT>

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    <TD width="5%">&nbsp;</TD>
    <TD width="27%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Title</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Signature</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Date</B></FONT></TD>
</TR>
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    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Director, Chairman of the
Board and<BR> Chief Executive
Officer<BR>
(Principal Executive Officer)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
/s/ HENRY M. PAULSON, JR.<BR>
<HR size="1" noshade>
Henry M. Paulson, Jr.
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>

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    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Director, President and<BR>
Co-Chief Operating Officer</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
/s/ JOHN A. THAIN<BR>
<HR size="1" noshade>
John A. Thain
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>

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    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Director and Vice Chairman<BR>
of Goldman Sachs</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
/s/ LLOYD C. BLANKFEIN<BR>
<HR size="1" noshade>
Lloyd C. Blankfein
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>

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    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top" nowrap><FONT size="2">
/s/ LORD BROWNE OF MADINGLEY<BR>
<HR size="1" noshade>
Lord Browne of Madingley
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>

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    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
/s/ JOHN H. BRYAN<BR>
<HR size="1" noshade>
John H. Bryan
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>

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    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top" nowrap><FONT size="2">
/s/ CLAES DAHLB&#196;CK<BR>
<HR size="1" noshade>
Claes Dahlb&#228;ck</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>

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    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
/s/ WILLIAM W. GEORGE<BR>
<HR size="1" noshade>
William W. George
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>

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    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
/s/ JAMES A. JOHNSON<BR>
<HR size="1" noshade>
James A. Johnson
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top" nowrap><FONT size="2">
/s/ EDWARD M. LIDDY<BR>
<HR size="1" noshade>
Edward M. Liddy
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>

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    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
/s/ RUTH J. SIMMONS<BR>
<HR size="1" noshade>
Ruth J. Simmons
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Chief Financial Officer<BR>
(Principal Financial Officer)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
/s/ DAVID A. VINIAR<BR>
<HR size="1" noshade>
David A. Viniar
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="left" valign="top"><FONT size="2">Principal Accounting Officer</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">
/s/ SARAH E. SMITH<BR>
<HR size="1" noshade>
Sarah E. Smith
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">June&nbsp;24, 2003</FONT></TD>
</TR>
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<P align="center"><FONT size="2"><B>EXHIBIT INDEX</B>
</FONT>

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<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="41%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="51%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.1&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
The Goldman Sachs Amended and
Restated Stock Incentive Plan
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="bottom"><FONT size="2">(1)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
The Goldman Sachs Defined
Contribution Plan
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">(2)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">5.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Opinion re Validity
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Filed as an exhibit hereto.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">15.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Letter re Unaudited Interim
Financial Information
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Filed as an exhibit hereto.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consents of Experts and Counsel</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
(a) PricewaterhouseCoopers LLP
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Filed as an exhibit hereto.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
(b) Sullivan &#038; Cromwell LLP
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Included in Exhibit&nbsp;5.1.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">24.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Power of Attorney
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Included in signature page.</FONT></TD>
</TR>
</TABLE>
</CENTER>

<P>
<HR size="1" width="18%" align="left" noshade>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(1)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Incorporated herein by reference
to Exhibit&nbsp;10.1 to the Registrant&#146;s Quarterly
Report on Form&nbsp;10-Q for the period ended February&nbsp;28, 2003.</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="top">
    <TD width="1%" align="left" nowrap><FONT size="2">(2)</FONT></TD>
    <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
    <TD width="96%"><FONT size="2">Incorporated herein by reference
to Exhibit&nbsp;10.16 to the Registrant&#146;s
Registration Statement on Form&nbsp;S-1 (No.&nbsp;333-75213).</FONT></TD>
</TR>
</TABLE>


<P align="center"><FONT size="2">&nbsp;</FONT>



</BODY>
</HTML>
[{"type": "S-8", "sequence": "1", "filename": "y87737sv8.htm", "description": "FORM S-8", "secsgml_size_bytes": 28223}]
{"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": "333-106430", "film-number": "03755524"}, "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.
As filed with the Securities and Exchange Commission on June 24, 2003
Registration
No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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
(212) 902-1000
(Address of Principal Executive Offices)
The Goldman Sachs Amended and Restated Stock Incentive Plan
The Goldman Sachs Defined Contribution Plan
(Full Title of the Plans)
Gregory K. Palm
Esta E. Stecher
Kenneth L. Josselyn
The Goldman Sachs Group, Inc.
85 Broad Street
New York, New York 10004
(212) 902-1000
(Name, address and telephone number,
including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Proposed Maximum
Proposed Maximum
Amount of
Amount to Be
Offering Price Per
Aggregate Offering
Registration Fee(3)
Title of Securities to Be Registered
Registered(1)
Share(2)
Price(2)
Common Stock, par value $0.01 per share
Rights(4)
250,000,000 shares
$85.43
$21,357,500,000
$1,727,822
(1)
This Registration Statement also relates to an indeterminate
number of additional shares of common stock that may be issued
pursuant to anti-dilution and adjustment provisions of the
above-named plans.
(2)
Estimated solely for purposes of calculating the registration fee, in
accordance with Rule 457(h) under the Securities Act of 1933, as amended.
Such estimate is based upon the average of the high and low sales prices
of the common stock of The Goldman Sachs Group, Inc. on June 23, 2003, as
reported by the Consolidated Tape Association.
(3)
Pursuant to General Instruction E
to Form S-8, 131,319,417 shares of
common stock are being carried forward from Registration Statement No.
333-80839 initially filed on June 16, 1999. The entire registration fee
of $1,727,822 has been offset against the registration fee of
$2,272,548 associated with those shares previously paid by The Goldman Sachs Group,
Inc. under Registration Statement No. 333-80839.
(4)
Each share of common stock includes one Stockholder Protection Right
issued pursuant to a Stockholder Protection Rights Agreement, dated as of
April 5, 1999.
INCORPORATION OF INFORMATION
Pursuant to General Instruction E to Form S-8, all the contents of
Registration Statement No. 333-80839 are hereby incorporated by reference into
this Registration Statement.
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 24th day of
June, 2003.
THE GOLDMAN SACHS GROUP, INC.
By:
/s/ HENRY M. PAULSON, JR.
Name: Henry M. Paulson, Jr.
Title: Chief Executive Officer
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature
appears below constitutes and appoints John A. Thain, Gregory K. Palm, David A.
Viniar 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 indicated:
Title
Signature
Date
Director, Chairman of the
Board and
Chief Executive
Officer
(Principal Executive Officer)
/s/ HENRY M. PAULSON, JR.
Henry M. Paulson, Jr.
June 24, 2003
Director, President and
Co-Chief Operating Officer
/s/ JOHN A. THAIN
John A. Thain
June 24, 2003
Director and Vice Chairman
of Goldman Sachs
/s/ LLOYD C. BLANKFEIN
Lloyd C. Blankfein
June 24, 2003
Director
/s/ LORD BROWNE OF MADINGLEY
Lord Browne of Madingley
June 24, 2003
Director
/s/ JOHN H. BRYAN
John H. Bryan
June 24, 2003
Director
/s/ CLAES DAHLBÄCK
Claes Dahlbäck
June 24, 2003
Director
/s/ WILLIAM W. GEORGE
William W. George
June 24, 2003
Director
/s/ JAMES A. JOHNSON
James A. Johnson
June 24, 2003
Director
/s/ EDWARD M. LIDDY
Edward M. Liddy
June 24, 2003
Director
/s/ RUTH J. SIMMONS
Ruth J. Simmons
June 24, 2003
Chief Financial Officer
(Principal Financial Officer)
/s/ DAVID A. VINIAR
David A. Viniar
June 24, 2003
Principal Accounting Officer
/s/ SARAH E. SMITH
Sarah E. Smith
June 24, 2003
EXHIBIT INDEX
4.1
The Goldman Sachs Amended and
Restated Stock Incentive Plan
(1)
4.2
The Goldman Sachs Defined
Contribution Plan
(2)
5.1
Opinion re Validity
Filed as an exhibit hereto.
15.1
Letter re Unaudited Interim
Financial Information
Filed as an exhibit hereto.
23.1
Consents of Experts and Counsel
(a) PricewaterhouseCoopers LLP
Filed as an exhibit hereto.
(b) Sullivan & Cromwell LLP
Included in Exhibit 5.1.
24.1
Power of Attorney
Included in signature page.
(1)
Incorporated herein by reference
to Exhibit 10.1 to the Registrant's Quarterly
Report on Form 10-Q for the period ended February 28, 2003.
(2)
Incorporated herein by reference
to Exhibit 10.16 to the Registrant's
Registration Statement on Form S-1 (No. 333-75213).