<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001479388</cik>
        <entityName>UNIVERSAL LIQUIDITY FUNDS PLC (UNIVERSAL GSL EURO FUND)</entityName>
        <issuerAddress>
            <street1>THE HARCOURT BUILDING</street1>
            <street2>HARCOURT STREET</street2>
            <city>DUBLIN</city>
            <stateOrCountry>L2</stateOrCountry>
            <zipCode>DUBLIN 2</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>00 353 1 448 5000</issuerPhoneNumber>
        <jurisdictionOfInc>IRELAND</jurisdictionOfInc>
        <issuerPreviousNameList>
            <previousName>DREYFUS GLOBAL FUNDS PLC</previousName>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <previousName>UNIVERSAL LIQUIDITY FUNDS PLC</previousName>
        </edgarPreviousNameList>
        <entityType>Corporation</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JOSEPH</firstName>
                <middleName>S.</middleName>
                <lastName>DIMARTINO</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>THE HARCOURT BUILDING</street1>
                <street2>HARCOURT STREET</street2>
                <city>DUBLIN</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>DUBLIN 2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>GREGORY</firstName>
                <lastName>BRISK</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>THE HARCOURT BUILDING</street1>
                <street2>HARCOURT STREET</street2>
                <city>DUBLIN</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>DUBLIN 2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>JONATHAN</firstName>
                <lastName>LITTLE</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>THE HARCOURT BUILDING</street1>
                <street2>HARCOURT STREET</street2>
                <city>DUBLIN</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>DUBLIN 2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>DANIEL</firstName>
                <lastName>MORRISSEY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>THE HARCOURT BUILDING</street1>
                <street2>HARCOURT STREET</street2>
                <city>DUBLIN</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>DUBLIN 2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>C.</firstName>
                <middleName>VINCENT</middleName>
                <lastName>REILLY</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>THE HARCOURT BUILDING</street1>
                <street2>HARCOURT STREET</street2>
                <city>DUBLIN</city>
                <stateOrCountry>L2</stateOrCountry>
                <zipCode>DUBLIN 2</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification></relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-11-16</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>16106168</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>THE OFFERING IS AN ONGOING OFFERING WITHOUT A CAP AND IS THEREFORE OF AN 'INDEFINITE' AMOUNT. 'TOTAL AMOUNT SOLD' IS BASED ON INITIAL AMOUNTS CONTRIBUTED AND DOES NOT REFLECT REDEMPTIONS, APPRECIATION OR DEPRECIATION.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>2</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse>DIRECTORS ARE ENTITLED TO A FEE FOR THEIR SERVICES IN ACCORDANCE WITH THE ORGANIZATIONAL DOCUMENTS OF THE ISSUER.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>UNIVERSAL LIQUIDITY FUNDS PLC (UNIVERSAL GSL EURO FUND)</issuerName>
                <signatureName>G.BRISK</signatureName>
                <nameOfSigner>GREGORY BRISK</nameOfSigner>
                <signatureTitle>DIRECTOR</signatureTitle>
                <signatureDate>2010-01-11</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
