UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549
                               ------------------

                                    FORM 10-K

[X]      Annual  report  pursuant  to  Section  13 or  15(d)  of the Securities
         Exchange Act of 1934 for the fiscal year ended December 31, 2003


[ ]      Transition report pursuant to Section 13 or 15(d) of the
         Securities Exchange Act of 1934 for the transition period from   to


                      Commission File Number  333-100818-10

                         GS MORTGAGE SECURITIES CORP
             (Exact name of registrant as specified in its charter)


       Delaware                                       13-6357101
 (State or other jurisdiction of               (IRS Employer Identification No.)
     incorporation)

85 Broad Street
New York, NY                                                    10004
(Address of principal executive offices)                (Zip Code)

Registrant's telephone number, including area code :  (212) 902-1000

                         GSR Mortgage Loan Trust 2003-5F
               Mortgage Pass-Through Certificates, Series 2003-5F
            (Title of each class of securities covered by this Form)

Securities registered pursuant to Section 12(b) of the Act:  None
Securities registered pursuant to Section 12(g) of the Act:  None

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Exchange Act Rule 12b-2). Yes [ ]  No [X]

                   Documents incorporated by reference: None


<PAGE>

GSR Mortgage Loan Trust 2003-5F
Mortgage Pass-Through Certificates, Series 2003-5F
-----------------------------------------------------------------------
PART I

Item 1.  Business

         Not Applicable.

Item 2.  Properties

         Not Applicable.

Item 3.  Legal Proceedings

     The Registrant is not aware of any material legal  proceeding  with respect
to the Company, the Servicers or the Trustee, as related to the Trust.

Item 4.  Submission of Matters to a Vote of Security Holders

     No matter was  submitted  to a vote or  consent  of Holders of the  Offered
Certificates during the fiscal year covered by this report.


PART II

Item 5.  Market for Registrant's Common Equity and Related Stockholder Matters

     The Trust does not issue stock. There is currently no established secondary
market for the  Certificates.  As of December 31, 2003, the number of holders of
each Class of Offered Certificates was 22.

Item 6.  Selected Financial Data

         Not Applicable.

Item 7.  Management's Discussion and Analysis of Financial condition and
         Results of Operations

Item 7A. Quantitative and Qualitative Disclosures about Market Risk.

         Not Applicable.

Item 8.  Financial Statements and Supplementary Data

         Not Applicable.

Item 9.  Changes in and Disagreements with Accountants on Accounting and
         Financial Disclosure

     There was no change of accountants or disagreement  with accountants on any
matter of accounting principles or practices or financial disclosure.

Item 9A. Controls and Procedures.

         Not Applicable.
                                      -2-

<PAGE>

PART III

Item 10. Directors and Executive Officers of the Registrant

         Not Applicable.

Item 11. Executive Compensation

         Not Applicable.

Item 12. Security Ownership of Certain Beneficial Owners and Management

         Not Applicable.

Item 13. Certain Relationships and Related Transactions

         No reportable transactions have occurred.

Item 14. Principal Accounting Fees and Services

         Not applicable.

PART IV

Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K

(a) Not applicable.

(b) Reports on Form 8-K: The following  Current Reports on Form 8-K with respect
    to the Trust were filed by the Registrant for the last quarter of 2003.

    Current Reports on Form 8-K dated  October 27, 2003,  November  25,  2003,
    and December 26, 2003 were filed for the  purpose of filing the  Monthly
    Statement sent to the Holders of the Offered  Certificates  for payments
    made on the same date. The items reported in such Current Report were
    Item 5 and Item 7.

(c) Exhibits to this report.

     Independent  Accountants'  Servicing  Report  concerning  servicing
activities filed as Exhibit 99.1 hereto.

     Report of Management as to Compliance with Minimum Servicing  Standards for
filed as Exhibit 99.2 herto.

     Annual  Statement as to Compliance  filed as Exhibit 99.3 hereto.

d) Not applicable.


                                      -3-

<PAGE>

GSR Mortgage Loan Trust 2003-5F
Mortgage Pass-Through Certificates, Series 2003-5F
-----------------------------------------------------------------------

SIGNATURE

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf by the undersigned thereunto duly authorized.



Date:  March 26, 2004            By:    /s/ Janet Bell
                                         --------------------------------------
                                  Name:  Janet Bell
                                 Title:  Chief Executive Officer




                                      -4-
<PAGE>
                            DEPOSITOR CERTIFICATION

     Re: GSR Mortgage  Loan Trust 2003-5F (the  "Trust")  Mortgage  Pass-Through
Certificates,  Series 2003-5F, issued pursuant to the Trust Agreement,  dated as
of May 1, 2003 (the "Trust  Agreement"),  among  JPMorgan Chase Bank, as trustee
(the  "Trustee"),   and  GS  Mortgage   Securities   Corp.,  as  depositor  (the
"Depositor"),  and  serviced by Wells  Fargo Home  Mortgage,  Inc.  and ABN AMRO
Mortgage Inc. (the "Servicers")  pursuant to the respective  servicing agreement
(the "Servicing Agreement").

I, Janet Bell , certify that:

     1. I have reviewed this annual report on Form 10-K ("Annual  Report"),  and
all reports on Form 8-K containing  distribution reports (collectively with this
Annual Report,  the "Reports")  filed in respect of periods included in the year
covered by this Annual Report, of the Trust;

     2. Based on my knowledge, the information in the Reports, taken as a whole,
does not  contain  any untrue  statement  of a material  fact or omit to state a
material  fact  necessary  to  make  the  statements   made,  in  light  of  the
circumstances  under which such  statements  were made, not misleading as of the
last day of the period covered by this Annual Report;

     3.  Based  on my  knowledge,  the  distribution  or  servicing  information
required  to be  provided  to the  Trustee  by the  Servicers  under  the  Trust
Agreement and Servicing Agreements,  for inclusion in the Reports is included in
the Reports;

     4. Based on my knowledge and upon the annual compliance  statement included
in this Annual  Report and required to be delivered to the Trustee in accordance
with the terms of the  Servicing  Agreements,  and  except as  disclosed  in the
Reports,  the Servicers have  fulfilled  their  obligations  under the Servicing
Agreements; and

     5. The  Reports  disclose  all  significant  deficiencies  relating  to the
Servicer's compliance with the minimum servicing standards based upon the report
provided by an  independent  public  accountant,  after  conducting  a review in
compliance with the Uniform Single  Attestation  Program for Mortgage Bankers or
similar  procedure,  as set forth in the Trust  Agreement,  that is  included in
the Reports.

     In giving the certifications above, I have reasonably relied on information
provided  to me by the  following  unaffiliated  parties:  the  Trustee  and the
Servicers.


    Date:  March 26, 2004
           --------------------------------

       By:  /s/ Janet Bell
            --------------------------------------
     Name:  Janet Bell
     Title: Chief Executive Officer



                                      -5-


SUPPLEMENTAL  INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION
15(D) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO
SECTION 12 OF THE ACT.

The  registrant  has not sent an annual report or proxy material to its security
holders.  The registrant  will not be sending an annual report or proxy material
to its security holders subsequent to the filing of this form.

                                      -6-
<PAGE>


                                 EXHIBIT INDEX

Exhibit     Description

99.1    Annual Independent Accountants' Servicing Report

        a) Wells Fargo Home  Mortgage,  Inc., as Servicer
        b) ABN AMRO Mortgage Inc., as Servicer

99.2   Report of Management as to Compliance with Minimum Servicing  Standards

        a) Wells Fargo Home  Mortgage,  Inc., as Servicer
        b) ABN AMRO Mortgage Inc., as Servicer

99.3    Annual Statement as to Compliance

        a) Wells Fargo Home  Mortgage,  Inc., as Servicer
        b) ABN AMRO Mortgage Inc., as Servicer


                                      -7-
<PAGE>


                                  EXHIBIT 99.1
                Annual Independent Accountants' Servicing Report
                        -------------------------------
KPMG
2500 Ruan Center
666 Grand Avenue
Des Moines, IA  50309


                        INDEPENDENT ACCOUNTANTS' REPORT

The Board of Directors
Wells Fargo Home Mortgage, Inc.:


     We have examined management's  assertion dated February 25, 2004 that Wells
Fargo Home  Mortgage,  Inc.  (the Company)  complied with the minimum  servicing
standards set forth in the Mortgage  Bankers  Association  of America's  Uniform
Single  Attestation  Program for Mortgage  Bankers (USAP) as of and for the year
ended December 31, 2003.  Management is responsible for the Company's compliance
with those minimum  servicing  standards.  Our  responsibility  is to express an
opinion on management's  assertion about the Company's  compliance  based on our
examination.

     Our  examination  was conducted in accordance  with  attestation  standards
established  by the  American  Institute of Certified  Public  Accountants  and,
accordingly,  included examining,  on a test basis, evidence about the Company's
compliance with the minimum servicing  standards  specified above and performing
such other  procedures  as we  considered  necessary  in the  circumstances.  We
believe that our examination  provides a reasonable  basis for our opinion.  Our
examination does not provide a legal  determination on the Company's  compliance
with the minimum servicing standards.

     In our opinion,  management's  assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the year ended December
31, 2003, is fairly stated, in all material respects.


By:  /s/  KPMG
--------------------
     KPMG

February 25, 2004

                                      -8-

<PAGE>

Ernest & Young LLP
Sears Tower
233 South Wacker Drive
Chicago, IL 60606

                 Report on Management's Assertion on Compliance
               With Minimum Servicing Standards Set Forth in the
            Uniform Single Attestation Program for Mortgage Bankers

                       Report of Independent Accountants

Board of Directors
LaSalle Bank Corporation

     We have  examined  management's  assertion,  included  in the  accompanying
report titled Report of Managaement, that ABN AMRO Mortgage Group, Inc. (AAMG, a
wholly owned subsidiary of LaSalle Bank  Corporation)  complied with the minimum
servicing  standards set forth in the Mortgage Bankers  Association of America's
Uniform Single  Attestation  Program for Mortgage Bankers (USAP) during the year
ended December 31, 2003.  Management is responsible  for AAMG's  compliance with
those requirements.  Our responsibility is to express an opinion on management's
assertions about AAMG's compliance based on our examination.

     Our  examination  was  made  in  accordance  with   attestation   standards
established  by the  American  Institute  of Certified  Pubic  Accountants  and,
accordingly,  included  examining,  on a test basis,  evidence  about the AAMG's
compliance with those  requirements  and performing such other  procedures as we
considered  necessary  in the  circumstances.  We believe  that our  examination
provides a reasonable basis for our opinion.  Our examination does not provide a
legal determination on AAMG's compliance with specified requirements.

     In our  opinion,  management's  assertion,  that  AAMG  complied  with  the
aforementioned  requirements  during the year ended  December 31, 2003 is fairly
stated, in all material respects.

     This report is intended  solely for the information and use of the board of
directors,  management,  and AAMG's private  investors and is not intended to be
and should not be used by anyone oher than these specified parties.

Ernest & Young LLP

January 30, 2004

                                        -9-



<PAGE>

                                  EXHIBIT 99.2
     Report of Management as to Compliance with Minimum Servicing Standards
                                  -----------

Wells Fargo Home Mortgage Inc.
1 Home Campus
Des Moines, IA  50328-0001



MANAGEMENT ASSERTION

     As of and for the year ended December 31, 2003,  Wells Fargo Home Mortgage,
Inc. has complied in all material respects with the minimum servicing  standards
set forth in the  Mortgage  Bankers  Association  of  America's  Uniform  Single
Attestation Program for Mortgage Bankers. As of and for this same period,  Wells
Fargo Home Mortgage, Inc. had in effect a fidelity bond along with an errors and
omissions policy in the amount of $100 million and $20 million, respectively.



By:  /s/ Pete Wissinger                         February 25, 2004
     --------------------------
     Pete Wissinger
     Chief Executive Officer

By:  /s/ Michael J. Heid                        February 25, 2004
     --------------------------
     Michael J. Heid
     Chief Financial Officer
     Executive Vice President

By:  /s/ Michael Lepore                         February 25, 2004
     --------------------------
     Michael Lepore
     Executive Vice President
     Loan Servicing

By:  /s/ Robert Caruso                          February 25, 2004
     --------------------------
     Robert Caruso
     Executive Vice President
     Servicing Operations


                                      -10-

<page>



ABN AMRO  Mortgage  Group,  Inc.
4242 North Harlem Avenue
Norridge, Illinois 60706

        Management's Assertion on Compliance with the Minimum Servicing
       Standards Set Forth in the Uniform Single Attestation Program for
                                Mortgage Bankers

                              Report of Management

We, as members of management of ABN AMRO Mortgage Group,  Inc.  (AAAMG, a wholly
owned subsidiary of LaSalle Bank Corporation) are responsible for complying with
the minimum servicing standards as set forth in the Mortgage Bankers Association
of America's Uniform Single Attestation  Program for Mortgage Bankers (USAP). We
are also responsible for establishing and maintaining effective internal control
over compliance with these standards.  We have performed an evaluation of AAMG's
compliance with the minimum  servicing  standards as set forth in the USAP as of
December  31, 2003 and for the year then  ended.  Based on this  evaluation,  we
assert that during the year ended  December  31,  2003,  AAMG  complied,  in all
material respects, with the minimum servicing standards set forth in the USAP.

As of and for this  same  period,  LaSalle  Bank  Corporation,  had in  effect a
fidelity bond in the amount of $500,000,000 and an error and omissions policy in
the amount of $25,000,000.


/s/ Stanley Rhodes               /s/ Richard Geary
-----------------------          ------------------------
President                       Group Senior Vice President and Manager


January 20, 2004

                                      -11-

<page>


                                  EXHIBIT 99.3
                        Annual Statement as to Compliance
                        -------------------------------

Wells Fargo Home Mortgage, Inc.
1 Home Campus
Des Moines, IA  50328-0001

January 30, 2004

Re:  2003 Annual Certification

     We hereby  certify to the best of our  knowledge  and  belief  that for the
calendar year 2003:

1.   All real estate taxes,  bond assessments and other lienable items have been
     paid.

2.   All FHA mortgage insurance,  private mortgage insurance premiums, and flood
     insurance have been paid (if applicable).

3.   Hazard insuranace policies held by us meet the requirements as specified in
     the servicing agreement, or those of a normal lender if not specified,  and
     those premiums due have been paid.

4.   We have made all property inspections as required.

5.   Fidelity bond and Errors and Omissions insurance coverage currently exists.

6.   That the Officer  signing this  certificate has reviewed the activities and
     performance  of the  Servicer  during the  preceding  fiscal year under the
     terms of the Servicing  Agreement,  Trust Agreement,  Pooling and Servicing
     Agreement  and/or  Seller/Servicer  Guide or similar  agreements and to the
     best of this  officer's  knowledge,  the Servicer has  fulfilled all of its
     duties,  responsibilities  or obligations of such agreement  throughout the
     year.

Sincerely,

/s/ John B. Brown
--------------------
John B. Brown
Vice President
Wells Fargo Home Mortgage, Inc.


                                      -12-
<page>



ABN-AMRO Mortgage
Loan Administration
4242 N. Harlem Ave.
Norridge, Illinois 60706


                          ANNUAL STATEMENT OF COMPLIANCE

     The undersigned,  an officer of ABN AMRO Mortgage Group, Inc. ("ABN AMRO"),
hereby certifies as follows:

     1. I have made, or caused to be made under my supervision,  a review of the
activities of ABN AMRO Mortgage Group,  Inc. during the preceding  calendar year
ending  December  31,  2003,  with respect to  performance  under the  Agreement
referenced in the attached,

                        and

     2. To the best of my  knowledge,  based on such  review ABN AMRO has, as of
the last day of said  preceding  calencar  year,  fulfilled  all of its material
obligations under said Agreement.

     In witness  whereof the  undersigned  has signed this Annual  Statement  of
Compliance on this 1st day of March, 2004.

                                ABN AMRO Mortgage Group, Inc.


                                By:  /s/ Richard F. Geary
                                ----------------------------
                                Richard F. Geary
                                Group Senior Vice President


                                        -13-