6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

For the month of August, 2007

Commission File Number: 001-15276

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

Praça Alfredo Egydio de Souza Aranha, 100-Torre Itaúsa
04344-902 São 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:   ý      Form 40-F:   o

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):

Yes:  o      No:  ý

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):

Yes:  o      No:  ý

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:  o      No:  ý

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 6, 2007	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 The Company announces the sale of 53.8 million common shares of Redecard S.A..

 

EX-99.1

Banco Itaú Holding Financeira S.A.
A Publicly Held Company                                                                                                                                                       CNPJ. 60.872.504/0001-23
Material Fact
REDECARD
1.	Banco Itaú Holding Financeira S.A. (“ITAÚ”) wishes to announce the sale of 53.8 million of common shares of Redecard S.A. (“REDECARD”), corresponding to 8.73 % of the total capital stock, at the unit price of R$27.00.
2.	ITAÚ will continue to participate in the control of the company through a stockholders’ agreement and with two seats on the Board of Directors (25% of the Directors), and in the company’s capital stock as shown below:
		Before the Sale		After the Sale
		Quantity of Common Shares	Stake in Total Capital	Quantity of Common Shares	Stake in Total Capital
	Stake of ITAÚ	209,999,998	31.94%	156,201,298	23.21%
	GRAND TOTAL	657,415,150	100.00%	672,970,705	100.00%
3.	The operation is expected to impact third quarter 2007 results by approximately R$ 1.0 billion (after tax)
4.	REDECARD is one of the leading companies in the payment card industry in the Brazilian market and is currently the sole Acquirer for the MasterCard and Diners brands in Brazil. The company is responsible for the accreditation of establishments, as well as the capture, transmission, processing and financial settlement of transactions executed with credit and debit cards of these particular brands.
5.	This operation is consistent with ITAÚ’s strategy and with the vision of sustainability of the organization, aggregating stockholder value.
	São Paulo (SP), August 6 2007.
	ALFREDO EGYDIO SETUBAL Investor Relations Officer