The zoned McMurry Meadows Pluton has been examined for REE and trace element variations in hornblende, sphene, apatite, allanite and zircon. Mineral separates (17), were analysed by INAA from four granitoids spanning the compositional range of the pluton (60%–75% SiO2). All of the phases examined exhibit significant compositional variations, with sphene having the largest changes in chondrite normalised REE patterns. Compositional variations in these minerals are related to paragenetic sequence and, as the whole rocks become more evolved, increases in partition coefficients; not subsolidus re-equilibration. Hornblende is only a dominant site for REE in granites where sphene is a later crystallising phase, otherwise allanite (LREE only) and sphene are the dominant whole rock sites for REE. Zircon and apatite normally contribute less than 10% each to the whole rock abundance of REE. Three zircon samples contain only small compositional differences and are interpreted as having crystallised from the bulk magma prior to differentiation. Zr variation in the pluton is nonlinear, first increasing and then decreasing with whole rock fractionation. A simple process, analogous to “restite unmixing” applied to the Zr variation, defines a bulk magma composition of about 63% SiO2, before differentiation of the zoned pluton. The modelled bulk magma need only have evolved by about 2·5% silica and still have produced the entire compositional range (60–75% SiO2) observed in the pluton.