Washington, DC 20549


                                    FORM 6-K

                        REPORT OF FOREIGN PRIVATE ISSUER
                       PURSUANT TO RULE 13A-16 OR 15D-16

                                    May 2005

                                Barclays PLC and
                               Barclays Bank PLC
                             (Names of Registrants)

                               54 Lombard Street
                                London EC3P 3AH
                    (Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports 
under cover of Form 20-F or Form 40-F. 

                           Form 20-F x     Form 40-F

Indicate by check mark whether the registrant by furnishing the information 
contained in this Form is also thereby furnishing the information to the 
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                                  Yes     No x

If "Yes" is marked, indicate below the file number assigned to the registrant 
in connection with Rule 12g3-2(b): 


This Report is a joint Report on Form 6-K filed by Barclays PLC and Barclays 
Bank PLC. All of the issued ordinary share capital of Barclays Bank PLC is 
owned by Barclays PLC. 

This Report comprises: 

Information given to The London Stock Exchange and furnished pursuant to 
General Instruction B to the General Instructions to Form 6-K. 


                                 EXHIBIT INDEX

Exhibit Index 1         
IFRS Transition Report-Part 1 - 11 May 2005 



Pursuant to the requirements of the Securities Exchange Act of 1934, each of 
the registrants has duly caused this report to be signed on its behalf by the 
undersigned, thereunto duly authorized. 

                                                     BARCLAYS PLC
Date: May 11, 2005                                   By:   /s/ Patrick Gonsalves
                                                         Patrick Gonsalves
                                                         Deputy Secretary 
                                                     BARCLAYS BANK PLC
Date: May 11, 2005                                   By:   /s/ Patrick Gonsalves
                                                         Patrick Gonsalves
                                                         Joint Secretary

11th May 2005

                                   BARCLAYS PLC

                        IFRS TRANSITION REPORT 2004/2005

Barclays PLC today announced its transition report that sets out its audited
financial results under International Financial Reporting Standards (IFRS) from
1st January 2004. The transition report restates the 2004 results and provides
the opening balance sheet at 1st January 2005. It also summarises the main
policy differences between UK GAAP and IFRS and details the Group's provisional
accounting policies for the year ending 31st December 2005 in accordance with
the standards expected to be applicable as at 31st December 2005.

For its 2004 results Barclays PLC has not applied International Accounting
Standard (IAS) 32 (Financial Instruments: Disclosure and Presentation), IAS 39
(Financial Instruments: Recognition and Measurement) and IFRS 4 (Insurance
Contracts). These accounting standards have been applied from 1st January 2005
in accordance with the transitional provisions of IFRS 1.

The change in accounting standards has had no impact on the underlying economics
or risk of the business. The standards applied have a minimal overall impact on
reported profit before tax and earnings per share in 2004 with the biggest
impact being on the balance sheet and equity. The Group's capital position
remains strong.

The 2004 IFRS income  statement shows a reduction in profit before tax of GBP23m
to GBP4,580m  from the reported UK GAAP figure of GBP4,603m.  Basic earnings per
share for 2004 on an IFRS basis were 51.0p as against  51.2p  reported  under UK
GAAP. As at 1st January 2005 the balance sheet assets under IFRS total GBP716bn,
an increase of GBP193bn  over those  reported  under UK GAAP as at 31st December
2004. Total  shareholders'  equity (including  minority interests) under IFRS at
1st January 2005 at GBP18.6bn is GBP0.2bn  higher than the UK GAAP equivalent as
at 31st  December  2004 with  total  shareholders'  equity  (excluding  minority
interests)  GBP2.2bn lower at GBP15.2bn.  The impact on the Tier 1 Capital ratio
as at 1st January 2005 is a reduction of  approximately  50 basis points.  

There will be a briefing to analysts and investors  today via a conference  call
at 09.30  (BST).  The  telephone  number for UK callers is 0845 301 4020 (+44 20
7663 4861 for callers outside the UK), with the access code 'Barclays IFRS'.

The briefing will be accompanied by slides available from the Investor Relations
website at www.investorrelations.barclays.co.uk after 08.30 (BST). The call will
also be available as a live audio webcast on the Investor Relations website and
a recording will be posted on the website.


For further information contact:

Investor Relations:                        Media Relations:
Mark Merson / James S Johnson              Pam Horrell / Jo Thethi
+44 (0)20 7116 5752/2927                   +44 (0)20 7116 6132/6217

This document contains certain forward-looking statements within the meaning of
Section 21E of the US Securities Exchange Act of 1934, as amended, and Section
27A of the US Securities Act of 1933, as amended, with respect to certain of the
Group's plans and its current goals and expectations relating to its future
financial condition and performance. These forward-looking statements can be
identified by the fact that they do not relate only to historical or current
facts. Forward-looking statements sometimes use words such as "anticipate",
"target", "expect", "estimate", "intend", "plan", "goal", "believe", or other
words of similar meaning. By their nature, forward-looking statements involve
risk and uncertainty because they relate to future events and circumstances,
including, but not limited to the further development of standards and
interpretations under IFRS applicable to past , current and future periods,
evolving practices with regard to the interpretation and application of
standards under IFRS and pending tax elections with regards to certain
subsidiaries as well as UK domestic and global economic and business conditions,
market related risks such as changes in interest rates and exchange rates, the
policies and actions of governmental and regulatory authorities, changes in
legislation, the outcome of pending and future litigation and the impact of
competition, a number of which factors are beyond the Group's control. As a
result, the Group's actual future results may differ materially from the plans,
goals, and expectations set forth in the Group's forward-looking statements. Any
forward-looking statements made by or on behalf of Barclays speak only as of the
date they are made. Barclays does not undertake to update forward-looking
statements to reflect any changes in Barclays expectations with regard thereto
or any changes in events, conditions or circumstances on which any such
statement is based. The reader should, however, consult any additional
disclosures that Barclays has made or may make in documents it has filed or may
file with the SEC including its most recent Annual Report on Form 20-F.