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 June 2004

                        Commission File Number: 001-15276

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


                               Rua Boa Vista, 176
                         01014-919 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:  June 8, 2004                  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      Results from the Meeting of Administrative Council on May 31, 2004.

EX-99.1

                       BANCO ITAU HOLDING FINANCEIRA S.A.
CNPJ. 60.872.504/0001-23     A Publicly Listed Company         NIRE. 35300010230

                      MEETING OF THE ADMINISTRATIVE COUNCIL
                                 OF MAY 31, 2004
                                 --------------

     On May 31, 2004 at 10:00 p.m., with the legal quorum present, the
Administrative Council of BANCO ITAU HOLDING FINANCEIRA S.A. met at its
principal place of business under the chairmanship of Dr. Jose Carlos Moraes
Abreu, Vice Chairman, deciding unanimously to:

a)   accept the request, dated May 27, 2004, from Dr. ISIDRO FAINE CASAS to
     resign his position as a member of the International Advisory Committee
     (currently in the process of alteration to the International Advisory
     Board), to which he was elected by this Administrative Council at its
     meeting on May 5, 2003 and reelected at its meeting on April 28, 2004, the
     latter reelection in the process of being ratified by the Central Bank of
     Brazil;

b)   maintain the said position vacant.

     With no further items on the agenda, the chairman determined the drafting
of these minutes, which having been read and approved were signed by all, the
meeting being declared concluded. Sao Paulo-SP, May 31, 2004. (signed) Jose
Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho and Roberto Egydio
Setubal - Vice Chairmen; Alcides Lopes Tapias, Fernao Carlos Botelho Bracher,
Henri Penchas, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira
da Costa, Sergio Silva de Freitas and Tereza Cristina Grossi Togni - Council
Members.


                                            ALFREDO EGYDIO SETUBAL
                                                   Investor Relations Director