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: June 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 the prices and the volume traded by
     Itau Holding for transactions in its own shares for treasury during the
     month of June 2005:


                        --------------------------------------------------------
                            Trading             Prices - R$ per Share
                                       -----------------------------------------
                             Volume        Minimum     Maximum     Average
--------------------------------------------------------------------------------

     Common Shares             -              -           -           -
--------------------------------------------------------------------------------

    Preferred Shares       1,250,000       444.99      445.00      444.99
--------------------------------------------------------------------------------

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

                           Sao Paulo-SP, July 5, 2005.



                             ALFREDO EGYDIO SETUBAL
                           Investor Relations Officer