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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

      Date of report (Date of earliest event reported): September 15, 2006

                            GRANITE MASTER ISSUER PLC
             (Exact name of registrant as specified in its charter)
                                England and Wales
                 (State or other jurisdiction of incorporation)
                                   333-133279
                            (Commission File Number)
                                 Not applicable
                        (IRS Employer Identification No.)
                                   Fifth Floor
                                 100 Wood Street
                            London EC2V 7EX, England
                    (Address of principal executive offices)
                               +44 (0)20 7606 0643
              (Registrant's telephone number, including area code)

                        GRANITE FINANCE TRUSTEES LIMITED
             (Exact name of registrant as specified in its charter)
                             Jersey, Channel Islands
                 (State or other jurisdiction of incorporation)
                                  333-133279-02
                            (Commission File Number)
                                 Not applicable
                        (IRS Employer Identification No.)
                               22 Grenville Street
                   St. Helier, Jersey JE4 8PX, Channel Islands
                    (Address of principal executive offices)
                               +44 (0)1534 609 333
              (Registrant's telephone number, including area code)

                        GRANITE FINANCE FUNDING 2 LIMITED
             (Exact name of registrant as specified in its charter)
                                England and Wales
                 (State or other jurisdiction of incorporation)
                                  333-133279-01
                            (Commission File Number)
                                 Not applicable
                        (IRS Employer Identification No.)
                                   Fifth Floor
                                 100 Wood Street
                            London EC2V 7EX, England
                    (Address of principal executive offices)
                               +44 (0)20 7606 0643
              (Registrant's telephone number, including area code)



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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
following provisions:

|_|   Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

|_|   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)

|_|   Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

|_|   Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


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Section 8     Other Events

Item 8.01.    Other Events

Pursuant to Rule 424(b)(5) under the Securities Act of 1933, as amended,
concurrently with, or subsequent to, the filing of this Current Report on Form
8-K, Granite Master Issuer plc, Granite Finance Trustees Limited and Granite
Finance Funding 2 Limited are filing a prospectus and a prospectus supplement
with the Securities and Exchange Commission (the "Commission") relating to the
Series 2006-3 Class A1, Class A3, Class A4, Class A7, Class B1, Class B2, Class
M1, Class M2 and Class C2 Notes issued by Granite Master Issuer plc (the
"Notes").

Incorporation of Certain Documents by Reference

The consolidated financial statements of Barclays Bank PLC and its subsidiaries
incorporated in the preliminary prospectus supplement by reference to the
combined Annual Report on Form 20-F of Barclays PLC and Barclays Bank PLC for
the year ended December 31, 2005 have been so incorporated in reliance upon an
audit report of PricewaterhouseCoopers LLP, London, England, independent
registered public accounting firm, given upon the authority of said firm as
experts in auditing and accounting.


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Section 9     Financial Statements and Exhibits

Item 9.01.  Financial Statements and Exhibits.

(a)   Financial statements of businesses acquired:

            Not applicable.

(b)   Pro forma financial information:

            Not applicable.

(c)   Exhibits:

Exhibit No.       Description

23.1              Consent of PricewaterhouseCoopers LLP, independent registered
                  public accounting firm of Barclays Bank PLC



                                   SIGNATURES

      Pursuant to the requirements 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:   September 18, 2006


                                          GRANITE MASTER ISSUER PLC


                                          By:    /s/ Sharon Tyson
                                                 -------------------------
                                          Name:  Sharon Tyson
                                          Title: Director



Date:    September 18, 2006


                                          GRANITE FINANCE FUNDING 2 LIMITED


                                          By:    /s/ Sharon Tyson
                                                 -------------------------
                                          Name:  Sharon Tyson
                                          Title: Director

Date:    September 18, 2006


                                          GRANITE FINANCE TRUSTEES LIMITED


                                          By:    /s/ Daniel Le Blanq
                                                 -------------------------
                                          Name:  Daniel Le Blanq
                                          Title: Director



                                  EXHIBIT INDEX

            The following exhibits are filed herewith:


Exhibit No.

23.1              Consent of PricewaterhouseCoopers LLP, independent registered
                  public accounting firm of Barclays Bank PLC