content: UNITED STATES
                         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) May 18 , 2006
                                                   -------------
  
  
                        Transnational Financial Network, Inc.
  -------------------------------------------------------------------------------
          (Exact name of small business issuer as specified in its charter)
  
  
  California                          1-14219                      94-2964195
  -------------------------------------------------------------------------------
  (State or other jurisdiction     (Commission File        (I.R.S.Employer
  of incorporation)                   Number)                Identification No.)
  
  401 Taraval Street, San Francisco, CA                       94116
  -------------------------------------------------------------------------------
  (Address of principal executive offices)                    (Zip Code)
  
  
  (Registrant's telephone number, including area code: (415) 242-7800
  
  
  ------------------------------------------------------------------------------
  (Former name, former address and former fiscal year, if changed since last
  report)
  
  
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrantunder any of the
  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))
  
  
  
  
  <PAGE>
  
  
  
  
  ITEM 1.01 Entry into a Material Definitive Agreement.
  
  On May 18, 2006, the registrant's board of directors approved an amendment to
  its 8 1/2 percent convertible notes and an investment in the company, the terms
  of both being summarized in the press release attached as Exhibit 99.1
  
  Item 9.01 Financial Statements and Exhibits.
  
  Exhibit 99.1 - Press Release of May 19, 2006
  
  Exhibit 99.2 - Form of Amendment to Registrant's 81/2percent convertible notes
  
  Exhibit 99.3 - Form of Common Stock Purchase Agreement
  
  Exhibit 99.4 - Form of Common Stock Warrant
  
  Exhibit 99.5 - Form of Voting Agreement
  
  
  
  
  <PAGE>
  
  
  
                                     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, thereby
  duly authorized.
  
  
  
      Date: May 22, 2006
                                 Transnational Financial Corporation
  
  
                                 /s/ Joseph Kristul
                                 ---------------------------------------------
                                 Joseph Kristul, Chief Executive Officer
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "f8ki.txt", "description": "CURRENT REPORT", "secsgml_size_bytes": 3109}]
metadata_filer: {"company-data": {"conformed-name": "TRANSNATIONAL FINANCIAL NETWORK INC", "cik": "0001059579", "assigned-sic": "6162", "irs-number": "942964195", "state-of-incorporation": "CA", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-14219", "film-number": "06865572"}, "business-address": {"street1": "401 TARAVAL STREET", "street2": "SUITE 270", "city": "SAN FRANCISCO", "state": "CA", "zip": "94116", "phone": "4152427800"}, "mail-address": {"street1": "401 TARAVAL STREET", "street2": "301 JUNIPERO SERRA BLVD SUITE 270", "city": "SAN FRANCISCO", "state": "CA", "zip": "94116"}, "former-company": {"former-conformed-name": "TRANSNATIONAL FINANCIAL CORP", "date-changed": "19980410"}}
text: UNITED STATES
                         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) May 18 , 2006
                                                   -------------
  
                        Transnational Financial Network, Inc.
  -------------------------------------------------------------------------------
          (Exact name of small business issuer as specified in its charter)
  
  California                          1-14219                      94-2964195
  -------------------------------------------------------------------------------
  (State or other jurisdiction     (Commission File        (I.R.S.Employer
  of incorporation)                   Number)                Identification No.)
  
  401 Taraval Street, San Francisco, CA                       94116
  -------------------------------------------------------------------------------
  (Address of principal executive offices)                    (Zip Code)
  
  (Registrant's telephone number, including area code: (415) 242-7800
  
  ------------------------------------------------------------------------------
  (Former name, former address and former fiscal year, if changed since last
  report)
  
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrantunder any of the
  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))
  ITEM 1.01 Entry into a Material Definitive Agreement.
  
  On May 18, 2006, the registrant's board of directors approved an amendment to
  its 8 1/2 percent convertible notes and an investment in the company, the terms
  of both being summarized in the press release attached as Exhibit 99.1
  
  Item 9.01 Financial Statements and Exhibits.
  
  Exhibit 99.1 - Press Release of May 19, 2006
  
  Exhibit 99.2 - Form of Amendment to Registrant's 81/2percent convertible notes
  
  Exhibit 99.3 - Form of Common Stock Purchase Agreement
  
  Exhibit 99.4 - Form of Common Stock Warrant
  
  Exhibit 99.5 - Form of Voting Agreement
  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, thereby
  duly authorized.
  
      Date: May 22, 2006
                                 Transnational Financial Corporation
  
                                 /s/ Joseph Kristul
                                 ---------------------------------------------
                                 Joseph Kristul, Chief Executive Officer