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 August 2005

Commission File Number: 001-15276

Banco Itaú 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 Itaú Holding Financeira S.A.               (Registrant)
Date:  August 3, 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 Information on the Results for the first half of 2005.

99.2 Meeting of the Fiscal Council on August 1, 2005.

99.3 Meeting of the Board of Directors on August 1, 2005. Re: Second Quarter 2005 financial statement.

99.4 Meeting of the Board of Directors on August 1, 2005. Re: Book Entry Shares, Increase of Capital, Stock Split and Alterations to By-Laws.

99.5 Meeting of the Board of Directors on August 1, 2005. Re: interest on capital.

99.6 Complementary Payment of Interest on Capital.

99.7 Convening Notice re: Extraordinary General Meeting to be held on August 22, 2005.

EX-99.1

1.1

BANCO ITAÚ HOLDING FINANCEIRA S.A.

INFORMATION ON THE RESULTS FOR THE FIRST HALF OF 2005

In this period, Itaú maintained its differentiated performance, and presented significant results that reflect the continuous growth of its business.

The complete financial statements are available in the Itaú website (http://www.itauri.com.br). See below the main highlights for the period:

1.	Consolidated net income for the first half of 2005 was R$ 2,475 million, and annualized return was 35.6% on consolidated stockholders’ equity.
2.	Staff fixed compensation plus charges and benefits of 45,602 employees totaled R$ 1,553 million. Welfare benefits granted to employees and their dependants totaled R$ 286 million. In addition, Itaú invested R$ 26 million in eductaion, training, and development programs.
3.	Itaú paid or provided for its own taxes and contributions related to the first half in the amount of R$ 2,992 million.
4.	Consolidated stockholders’ equity of R$ 15,027 million, a 17.5% increase as compared to the first half of 2004, and reference equity for operating limits calculation purposes, reached R$ 20,219 million.
5.	The loan portfolio, including guarantees and sureties, grew 20.4% as compared to the first half of 2004, reaching R$ 58,647 million. Noteworthy is the 65.6% growth in credit to individuals.
6.	Total own free funds increased 17.4% as compared to June 2004, totaling R$ 228,576 million. Note the 80.4% growth in time deposits.
7.	Itaú preferred shares appreciated by 62.9% in 12 months, while the Bovespa index increased 25.8%. In this first half, Itaú preferred shares appreciated by 12.8%. The amount of interest on own capital that was provided for and paid to shareholders totaled R$ 697 million in the six-month period, at the rate of R$ 6.20 per share.
8.	The total amount of technical provisions of insurance, capitalization and pension plans reached R$ 12,506 million, an increase of 34.9% as compared to the same period of 2004. The premiums earned and the the result of capitalization and pension plans grew by 10.9% in relation the first half of 2004.
9.	Itaú was recognized as the Most Ethical and Best Managed Large Banks in Latin America, by Latin Finance Magazine. It was also recognized as the Best Brazilian Bank by Euromoney, for the 8th time in a row.
10.	Moody’s and Fitch Ratings, major international rating agencies, raised Itaú’s Financial Strength by Moody’s and Individual by Fitch ratings. This increase reflects the strong financial performance of the Bank, associated to improvements in operating efficiency and consistent profitability. These ratings render Itaú as the best bank in this type of ratings in Brazil.
11.	For the fourth consecutive year, the Itaú brand was considered the most valuable brand of the country, according to the British consulting company Interbrand. In this year, its worth was estimated at US$ 1,342 million, representing an increase of 11.7% in relation to 2004 (US$ 1,204 million).

1.2

12.	In order to reinforce its consumer credit activities, Itaú and Lojas Americanas S.A. (LASA) announced in February an association that will operate exclusively to design and sell financial products and services to LASA customers.
13.	In February, Itaú Holding and Citigroup entered into a New Agreement to manage the customer base and the 7.6 million credit cards issued with the Credicard brand. During 2005 the company management will be carried out jointly, and in the end of the year the customer base, credit cards, assets and liabilities will be fullly transferred to both partners. This operation reinforces Itaú business growth strategy, as it creates products and services to customers that do not hold bank accounts.
14.	In June, Itaú created Itaú’s Corporate Liaison Office, whose mission is to represent and defend customers, by transforming problems into opportunities and ensuring that cases of customer dissatisfaction are rapidly resolved. This initiative is a result of Itaú’s commitment to providing quality services and corporate social responsibility. In order to reinforce publically its commitment, Itaú launched in July the campaign O Itaú quer ouvir você (Itaú wants to hear your opinion), integrated to the Bank’s 60-year anniversary actions.
15.	Fundação Itaú Social investments exceeded R$ 8 milion in this six-month period. Itaú Bank, through PIC Esperança, transferred over R$ 2 million to elementary education programs developed by Unicef and Fundação Itaú Social. Noteworthy in this period was the 6th edition of the Itaú-Unicef Award and the launching of the Itaú Support to Entrepreneurs Award, which purpose is to stimulate micro-credit and the realization of the first Social Projects Economic Evaluation course.
16.	The investments in the activities of Instituto Itaú Cultural totaled R$ 10 million in this first half. Among the Institute’s activities we highlight the Visual Arts and Cultural and Art Education of Itaú Cultural’s “Rumos” (Directions) program, which promoted more than 30 meetings in many capitals of the country, and the exhibition “O Corpo na Arte Contemporânea Brasileira” (The Body in Brazilian Contemporary Art), which received over 70 thousand visitors.

São Paulo, August 1, 2005.

Olavo Egydio Setubal
Chairman

EX-99.2

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

MEETING OF THE FISCAL COUNCIL
OF AUGUST 1 2005

                              On August 1 2005 at 11:30 a.m. at the company's head office, the effective members of the Fiscal Council of BANCO ITAÚ HOLDING FINANCEIRA S.A., met under the presidency of Dr. Gustavo Jorge Laboissiere Loyola, with the purpose of providing an opinion on the second quarter 2005 financial statements.

                              Following due examination of the said financial statements, the Fiscal Councilors resolved to register the following opinion:

“The effective members of the Fiscal Council of BANCO ITAÚ HOLDING FINANCEIRA S.A., having perused the second quarter 2005 financial statements, have verified the accuracy of all the items examined, understanding them to adequately reflect the company’s capital structure, financial position and the activities conducted during the period, recommending that they be approved by the company’s Board of Directors.”

                              There being no further matter for discussion, the meeting was declared concluded and its work completed. The relative minutes having been transcribed, read and approved, were signed by all those present. São Paulo-SP, August 1 2005. (signed) Gustavo Jorge Laboissiere Loyola, Iran Siqueira Lima and Fernando Alves de Almeida – Councilors.

ALFREDO EGYDIO SETUBAL
Investor Relations Officer

EX-99.3

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

MEETING OF THE BOARD OF DIRECTORS
OF AUGUST 1 2005

                              On August 1 2005, at 2:30 p.m., with the legal quorum present, the Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A., met at the company’s head office, under the chairmanship of Dr. Olavo Egydio Setubal for the purpose of: a) examining the second quarter 2005 financial statements, on which the Fiscal Council has already opined favorably pursuant to article 163, VI of Law 6404/76; b) be informed concerning the Summary Report of the Audit Committee related to the first half of 2005.

                              Beginning the meeting's proceeding, the President Dr. Roberto Egydio Setubal spoke at length with respect to the financial statements for the second quarter finished on June 30 2005.

                              After analysis of the said documentation, the Directors unanimously approved the financial statements for the second quarter of 2005, authorizing its disclosure, through their publication and release to the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários) and the Stock Exchanges (Bolsas de Valores).

                              Finally, the members of the Board of Directors were informed concerning the Summary Report of the Audit Committee, which will be published together with the June 30 2005 financial statements, containing the highlights of its monitoring activities during the first half of 2005, with regard to Internal and Independent External Audit and to Internal Control Systems and Risk Management.

                              All items on the agenda having been concluded, the Chairman requested the transcription of these minutes, which having been read and approved were signed by all, the meeting being declared closed. São Paulo-SP, August 1 2005. (signed) Olavo Egydio Setubal – Chairman; José Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho and Roberto Egydio Setubal – Vice-Chairmen; Alcides Lopes Tápias, Carlos da Câmara Pestana, Fernão Carlos Botelho Bracher, Henri Penchas, José Vilarasau Salat, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa and Tereza Cristina Grossi Togni – Directors.

ALFREDO EGYDIO SETUBAL
Investor Relations Officer

EX-99.4

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

Authorized Capital: up to 200,000,000 shares
Subscribed and Paid-in Capital: R$ 8,300,000,000.00 – 115,496,537 shares

MEETING OF THE BOARD OF DIRECTORS
OF AUGUST 1 2005

                              The Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A. met on August 1 2005 at 4 p.m. at the company’s registered offices, in the presence of the legal quorum and under the chairmanship of Dr. Olavo Egydio Setubal, the members of the Fiscal Council also being present, pursuant to Paragraph 3 of Article 163 of Law 6,404/76, for examining the proposal of convening the General Stockholders’ Meeting to be held on August 22 2005 at 3 p.m. to deliberate on the following:

“PROPOSAL OF THE BOARD OF DIRECTORS

Stockholders,

                              The Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A. believes it opportune to submit for the examination and approval of the General Stockholders Meeting, the following agenda:

                    I–    CANCELLATION OF OWN ISSUE BOOK ENTRY SHARES
                                               HELD AS TREASURY STOCK
                              - cancellation of 2,202,408 book entry shares issued by the company and held as treasury stock, being 2,408 ordinary and 2,200,000 preferred shares, acquired by the company pursuant to the Brazilian Securities and Exchange Commission’s (CVM) Instructions 10/80, 268/97 and 390/03, without any reduction in the capital stock, against resources held in the “Capital Reserve –Reserve for Goodwill in the Issue of Shares”;
                              - as a result of this cancellation of shares, the capital stock shall be represented by 113,294,129 book entry shares with no par value, being 60,596,342 ordinary and 52,697,787 preferred shares;

                    II–    INCREASE IN LIMITS OF AUTHORIZED CAPITAL
                              - increase in the limits of authorized capital from 200,000,000 to 2,000,000,000 of book entry shares with no par value, being 1,000,000,000 ordinary and 1,000,000,000 preferred shares;

                    III–   STOCK SPLIT
                              - with the purpose of improving share liquidity and a consequent adjustment in the value of market prices at a more attractive level for trading, to effect a stock split in a ratio of 900% from the existing 113,294,129 shares representing the subscribed capital stock, already considering the cancellation proposed in Item I above, and increasing the said capital stock to the equivalent of 1,132,941,290 book entry shares with no par value, being 605,963,420 ordinary and 526,977,870 preferred shares, there being no alteration in the monetary expression of the capital stock; as a consequence of this stock split:

> the stockholders shall receive 9 (nine) new shares for each existing share held of the same type, free of cost;

BANCO ITAÚ HOLDING FINANCEIRA S.A.	Page 2
Meeting of the Board of Directors of August 1 2005

> the monthly interest on equity capital shall be adjusted at the same ratio as the proposed stock split, that is, the payout changing from R$ 0.21 per share to R$ 0.021 per share, the new shares resulting from the stock split to enjoy full rights to any distribution of income which may be declared following the date of the General Stockholders’ Meeting convened for examining this proposal;

> the existing shares issued by Banco Itaú Holding Financeira S.A. shall continue to trade with stock split rights and the new shares, resulting from the split, shall be available for trading once due ratification of the General Meeting’s deliberations is received from the Central Bank of Brazil and to be the subject of an announcement to the market;

                              - simultaneously to the operation in the Brazilian Market, the securities traded in the International Market shall be split as follows:

> in the United States Market (NYSE), where currently every 2 (two) ADR’s —American Depositary Receipts represent 1 (one) preferred share, the ADR’s shall be split by a ratio of 400%, investors receiving free of cost 4 (four) new ADR’s for each ADR held; as a result, each ADR shall represent l (one) preferred share;

> in the Argentinean Market (BCBA), where currently each CEDEAR – Certificado de Depósito Argentino represents 1 (one) preferred share, the CEDEAR’s shall be split by a ratio of 900%, investors receiving free of cost 9 (nine) new CEDEAR’s for each CEDEAR held; as a result, each CEDEAR shall continue to represent 1 (one) preferred share;

                    IV–    ALTERATIONS TO THE BYLAWS
                              - to alter the wording in Article 3 (caption sentence and 3.1) of the Bylaws, to register the new quantities of shares resulting from the previous items and the consequent adjustment in the value of the annual dividend from R$ 0.55 per share to R$ 0.055 per share, as follows:

‘Article 3 — CAPITAL AND SHARES – The capital stock is R$ 8.300.000.000,00 (eight billion, three hundred million Reais), represented by 1,132,941,290 (one billion, one hundred and thirty-two million, nine hundred and forty-one thousand, two hundred and ninety) book entry shares with no par value, of which 605.963,420 (six hundred and five million, nine hundred and sixty-three thousand, four hundred and twenty) ordinary and 526.977.870 (five hundred and twenty-six million, nine hundred and seventy-seven thousand, eight hundred and seventy) preferred shares with no voting rights but with the following advantages: I – priority in receiving a minimum non-cumulative annual dividend of R$ 0.055 per share, to be restated in the event of a stock split or reverse stock split; II – the right – in the event of the sale of a controlling stake – to be included in the public offering to acquire shares with a price equal to 80% (eighty percent) of the value paid for each share enjoying voting rights and comprising the controlling stockholding block, guaranteeing a dividend at least equal to that paid on the common shares.

 3.1. Authorized Capital – The company is authorized to increase its capital stock based on the decisions of the Board of Directors, independently of any change in the Bylaws, up to a limit of 2,000,000,000 (two billion) shares being 1,000,000,000 (one billion) common shares and 1,000,000,000 (one billion) preferred shares. Share issues through the Stock Exchanges, public subscription and exchange of shares via a public offering for the acquisition of control, may be effected irrespective of the preemptive rights of the pre-existing stockholders (Article 172 of Law 6,404/76).’

BANCO ITAÚ HOLDING FINANCEIRA S.A.	Page 3
Meeting of the Board of Directors of August 1 2005

                              Finally it is proposed to publish the meeting's minutes omitting the names of the Stockholders present according to the provisions of Paragraph 2, Article 130 of Law 6,404/76.

                              This is the proposal which we submit for the examination of Stockholders. São Paulo-SP, August 1 2005. (signed) Olavo Egydio Setubal — Chairman; José Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho and Roberto Egydio Setubal — Vice Chairmen; Alcides Lopes Tápias, Carlos da Câmara Pestana, Fernão Carlos Botelho Bracher, Henri Penchas, José Vilarasau Salat, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa and Tereza Cristina Grossi Togni — Directors.”

                              The Chairman then informed that in accordance with item III, Article 163 of Law 6,404/76, the Fiscal Council had opined favorably as to the proposal for modifying the capital stock and had issued the following opinion, drafted to the appropriate register:

“OPINION OF THE FISCAL COUNCIL

The effective members of the Fiscal Council of BANCO ITAÚ HOLDING FINANCEIRA S.A. have examined the Board of Director’s Proposal of today’s date with respect to: 1) the cancellation of 2,202,408 book entry shares held as treasury stock, being 2,408 ordinary and 2,200,000 preferred shares, without any reduction in the capital stock; 2) the increase in the limit of authorized capital to 2,000,000,000 shares, being 1,000,000,000 ordinary shares and 1,000,000,000 preferred shares; 3) the stock split in the ratio of 900% of shares representing the subscribed capital stock. The councilors, believing the Proposal to be fully justified on technical grounds, do hereby declare their agreement that the said Proposal be submitted for the examination of the General Meeting. São Paulo-SP, August 1 2005. (signed) Gustavo Jorge Laboissiere Loyola, Iran Siqueira Lima and Fernando Alves de Almeida.”

                              Having been discussed and voted, the above Proposal was fully and unanimously approved by the Board of Directors, which authorized the publication of the convening notice to the said General Meeting.

                              With no further items on the agenda, the Chairman requested the drafting of the minutes. These having been read and approved, were signed by all, the meeting being declared concluded. São Paulo-SP, August 1 2005. (signed) Olavo Egydio Setubal – Chairman; José Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho and Roberto Egydio Setubal – Vice Chairmen; Alcides Lopes Tápias, Carlos da Câmara Pestana, Fernão Carlos Botelho Bracher, Henri Penchas, José Vilarasau Salat, Maria de Lourdes Egydio Villela, Roberto Teixeira da Costa, Persio Arida and Tereza Cristina Grossi Togni – Directors.

ALFREDO EGYDIO SETUBAL
Investor Relations Officer

EX-99.5

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

MEETING OF THE BOARD OF DIRECTORS
OF AUGUST 1 2005

                              The Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A. on August 1 2005, at 3.00 p.m., met at its head office, with the legal quorum being present and under the chairmanship of Dr. Olavo Egydio Setubal, with the purpose of deciding on the distribution of interest on capital, complementary to interest paid on a monthly basis during the first half of 2005 and in addition to the mandatory dividend for 2005, pursuant to sub-item 18.2 of the corporate bylaws.

                              Having discussed and voted on the proposal, the Directors unanimously approved “ad referendum” of the General Stockholders Meeting the distribution of complementary interest on capital, in the amount of R$ 2.76 per share (which amounts 13 times the interest on capital paid on a monthly basis) for payment on August 22 2005, less 15% income tax at source, resulting in net interest of R$ 2.346 per share, except shareholders demonstrating immunity or exemption from such tax, based on the closing shareholding position as of August 12 2005.

                              There being no further items on the agenda, the meeting was declared closed and the present minutes were transcribed, read, approved and signed by all those present. São Paulo-SP, August 1 2005. (signed) Olavo Egydio Setubal — Chairman; José Carlos Moraes Abreu, Alfredo Egydio Arruda Villela Filho and Roberto Egydio Setubal —Vice-Chairmen; Alcides Lopes Tápias, Carlos da Câmara Pestana, Fernão Carlos Botelho Bracher, Henri Penchas, José Vilarasau Salat, Maria de Lourdes Egydio Villela, Persio Arida, Roberto Teixeira da Costa and Tereza Cristina Grossi Togni – Directors.

ALFREDO EGYDIO SETUBAL
Investor Relations Officer

EX-99.6

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

MATERIAL FACT

COMPLEMENTARY PAYMENT
OF INTEREST ON CAPITAL

We wish to inform our Stockholders that the Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A. meeting on August 1 2005, has declared a payment of interest on capital in the amount of R$ 2.76 per share, complementary to interest paid on a monthly basis during the first half of 2005 and in addition to the mandatory dividend for 2005.

This complementary interest, which amounts to 13 times the interest on capital paid on a monthly basis, will be paid on August 22 2005, based on the closing shareholding position as of August 12 2005, less 15% income tax at source, resulting in net interest of R$ 2.346 per share, except for stockholders demonstrating immunity or exemption from such tax.

São Paulo-SP, August 1 2005.

BANCO ITAÚ HOLDING FINANCEIRA S.A.

ALFREDO EGYDIO SETUBAL
Investor Relations Officer

EX-99.7

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

Authorized Capital: up to 200,000,000 shares
Subscribed and Paid-in Capital: R$ 8,300,000,000.00 – 115,496,537 shares

MATERIAL FACT

Convening Notice

EXTRAORDINARY GENERAL MEETING

The Board of Directors of BANCO ITAÚ HOLDING FINANCEIRA S.A. invite its Stockholders to an Extraordinary General Meeting to be held on August 22 2005 at 3 p.m. in the auditorium at the company’s registered offices at Praça Alfredo Egydio de Souza Aranha, 100, in the city of São Paulo, to examine the Board of Director’s proposal for:

1) cancellation of 2,202,408 book entry shares issued by the company, held as treasury stock, being made up of 2,408 common and 2,200,000 preferred shares, with no reduction in the value of the capital stock;

2) increasing the limits for authorized capital from 200,000,000 to 2,000,000,000 book entry shares with no par value, being 1,000,000,000 common and 1,000,000,000 preferred shares;

3) a stock split in a ratio of 900% of the existing 113,294,129 shares making up the subscribed capital stock, including the proposed cancellation in item 1 above, total book entry shares increasing to 1,132,941,290 with no par value, being 605,963,420 common and 526,977,870 preferred shares, with no alteration in the monetary expression of the capital stock;

3.1) as a result of the stock split: a) the stockholders shall receive free of cost 9 (nine) new shares for each existing share of the same type currently held; b) monthly payment of interest on equity capital shall be adjusted in the same ratio as the stock split, that is from the existing R$ 0.21 per share to the adjusted R$ 0.021 per share;

3.2) simultaneously to the operation in the Brazilian Market, the securities traded in the International Market shall be split as follows: a) in the United States market (NYSE), where currently every 2 (two) ADR’s — American Depositary Receipts represent 1 (one) preferred share, the ADR’s shall be split by a ratio of 400%, investors receiving free of cost 4 (four) new ADR’s for each ADR currently held; as a result, each ADR shall represent 1 (one) preferred share; b) in the Argentinean Market (BCBA), where currently each CEDEAR – Certificado de Depósito Argentino represents 1 (one) preferred share, the CEDEAR’s shall be split by a ratio of 900%, investors receiving free of cost 9 (nine) new CEDEAR’s for each CEDEAR currently held; consequently, each CEDEAR shall continue to represent 1 (one) preferred share;

4) alter the wording of Article 3 (“caption sentence” and 3.1) of the Bylaws to register the new quantities of shares resulting from the preceding items and the consequent adjustment in the value of the minimum annual dividend of R$ 0.55 per share to R$ 0.055 per share.

São Paulo-SP, August 1 2005.
BOARD OF DIRECTORS
OLAVO EGYDIO SETUBAL
Chairman

(for more information please see site www.itauri.com.br)

ALFREDO EGYDIO SETUBAL
Investor Relations Officer