6-K

                                    FORM 6-K
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                            Report of Foreign Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                       the Securities Exchange Act of 1934

                           For the month of July 2003

                        Commission File Number: 001-15276

                       Banco Itau Holding Financeira S.A.
                       (Itau Holding Financing Bank S.A.)
                 (Translation of Registrant's Name Into English)


                    Praca Alfredo Egydio de Souza Aranha, 100
                         04344-902 Sao Paulo, SP, Brazil
                    (Address of principal executive offices)



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

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):

Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):

Indicate by check mark whether by furnishing the information contained in this
Form, the registrant is also thereby furnishing 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): 82-                  .
                                   ------------------




                                   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.

                                           Banco Itau Holding Financeira S.A.
                                                             (Registrant)


Date: July 1, 2003                  By:  /s/ Alfredo Egydio Setubal
                                        -----------------------------
                                        Name:  Alfredo Egydio Setubal
                                        Title: Investor Relations Officer

                                    By:  /s/ Silvio Aparecido de Carvalho
                                        ---------------------------------
                                        Name:  Silvio Aparecido de Carvalho
                                        Title: Chief Accounting Officer







                                  EXHIBIT INDEX


99.1    Notice to stockholders dated July 1, 2003.

EX-99.1

                       BANCO ITAU HOLDING FINANCEIRA S.A.
CNPJ - 60.872.504/0001-23                                A Publicly Held Company

                             NOTICE TO STOCKHOLDERS

            RIGHT OF DISSENT IN THE PROCESS OF INCORPORATION OF THE
                 SHARES OF ITAU SEGUROS S.A. BY BANCO ITAU S.A.
                 ----------------------------------------------

We wish to announce that the incorporation of the shares of ITAU SEGUROS S.A. by
BANCO ITAU S.A., the object of the Extraordinary General Meetings of February
22, 2002, was approved by the Central Bank of Brazil and by the Superintendency
for Private Insurance on July 29, 2002 and June 11, 2003, respectively.

The stockholders that wish to dissent from the decision of these meetings will
be reimbursed in accordance with the following values:

a)       For the Banco Itau S.A.'s stockholders: R$ 88.853 per block of a
         thousand common or preferred shares, of which they were holders on
         February 7, 2002, the said shares being subsequently substituted for
         shares in Banco Itau Holding Financeira S.A.;

b)       For the Itau Seguros S.A.'s stockholders: R$ 17.882 per common or
         preferred shares, of which they were holders on February 7, 2002, the
         said shares being subsequently substituted for shares in Banco Itau
         Holding Financeira S.A.

In order to declare their dissent, stockholders should send all correspondence
to Banco Itau Holding Financeira S.A. - Superintendencia de Servicos para
Empresas, Praca Alfredo Egydio de Souza Aranha, 100, Torre Eudoro Villela, 9(0)
andar, Sao Paulo (SP), CEP 04344-902 Brazil.


Since the minutes of the general meetings have been published in today's
editions of the newspapers, "Diario Oficial do Estado de Sao Paulo" and "Gazeta
Mercantil", the 30-day term for the stockholders to declare their dissent shall
expire on July 30, 2003.

                                        Sao Paulo-SP, July 1, 2003.
                                    BANCO ITAU HOLDING FINANCEIRA S.A.

                                          ALFREDO EGYDIO SETUBAL
                                       Investor Relations Directors