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 March 2005

                        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:  March 9, 2005            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     Trading of own Shares for Treasury.

EX-99.1

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



                           Announcement to the Market


                       Trading of Own Shares for Treasury
                              Month: February 2005


1.  On November 18 2004, in keeping with the best Corporate Governance practice,
    Banco Itau Holding Financeira S.A. (Itau Holding) voluntarily disclosed its
    "Operating Rules for the Trading of Own shares for Treasury" ("Rules").

2.  Item 2.1.3 of the "Rules" established the obligation to make monthly
    disclosure of the volumes of own shares traded on stock exchanges by Itau
    Holding, and minimum, average and maximum prices.

3.  We inform the capital market entities that during the month of February
    2005, Itau Holding did not trade any of its own shares for treasury.

4.  We would remind readers that historical data is available in the
    organization's Investor Relations site (www.itauri.com.br).


                          Sao Paulo-SP, March 7 2005.



                             ALFREDO EGYDIO SETUBAL
                           Investor Relations Officer