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 September 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:  September 9, 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      Itau Holding and Itausa have been chosen for inclusion in the Dow
          Jones Sustainability World Index - 2004/2005, for the fifth and second
          consecutive years, respectively.

EX-99.1

                                     [LOGO]


ITAUSA - INVESTIMENTOS ITAU S.A.            BANCO ITAU HOLDING FINANCEIRA S.A.


                 Itau Holding (5th consecutive year) and Itausa
        (for the 2nd consecutive year) have been chosen for inclusion in
              the Dow Jones Sustainability World Index - 2004/2005

Please find below the release sent by our press department:
- -----------------------------------------------------------

Banco Itau Holding Financeira S.A. and Itausa - Investimentos Itau S.A. are
pleased to announce that they have been selected as components of the Dow Jones
Sustainability World Index (DJSI World), together with 316 other companies from
throughout the world. Itau has been included in the index since its creation in
1999 while Itausa has been chosen this year for the second consecutive time.

Since it was established in 1999, the DJSI has become an important benchmark for
foreign fund management institutions. These institutions base their investment
decisions and the diversified products they offer their customers using as a
yardstick the DJSI's component companies, given the latter's commitment to
social, environmental and cultural development.

The DJSI is made up of shares of companies of recognized corporate
sustainability able to create shareholder value over the long-term through the
maximizing of opportunities as well as managing the risks associated to
economic, environmental and social factors. In other words, the Index considers
not only financial performance, but principally the quality of corporate
management that should combine economic value with transparency, corporate
governance and social responsibility as a means of achieving long-term
sustainability.

The new composition of the DJSI comprises 318 companies from 24 countries with a
total market capitalization of US$ 6.5 trillion, being three Brazilian
companies. The Index is revised annually based on questionnaires sent to the
companies and information published in annual reports and on investor relations'
websites. The survey covered the 2,500 largest companies in the Dow Jones World
Index by market capitalization, representing 60 industrial sectors. Only the 10%
best classified companies in the sustainability ranking were selected for
inclusion in the index, based on the analysis of more than 50 items relating to
economic, social and environmental performance. The research and selection
processes are audited by PricewaterhouseCoopers.

Itau Holding continues to be the only Latin American bank to be included in the
list. Among more than 30 items analyzed, of particular note were the Balance
Sheet and Risk and Crisis Management where Itau achieved the maximum score
(100%).

This year, Itausa also recorded top score in its particular business sector
under four criteria: Scorecard Systems, Environmental Performance, Brand
Management and Stakeholder Engagement.

The participation in the Dow Jones index reflects the Itau Conglomerate's
long-term commitment to social, cultural and environmental responsibility,
recently seen in the adoption of the Equator Principles by both Itau and
Itau-BBA. We believe this commitment to be a crucial factor in our sustained
growth together with effective creation of shareholder value.


Henri Penchas                                Alfredo Egydio Setubal
Investor Relations Director                  Investor Relations Director
Itausa - Investimentos Itau S.A.             Banco Itau Holding Financeira S.A.

                                                 Sao Paulo, September 8th, 2004