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 January 2008

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:  January 17, 2008	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 Announcement to the Market – Re: The “Memorandum of Understanding” signed between “ITAÚ” and “DAFRA.”

 

EX-99.1

BANCO ITAÚ HOLDING FINANCEIRA S.A.
CNPJ. 60.872.504/0001-23			A Publicly Listed Company
ANNOUNCEMENT TO THE MARKET
1.	Banco Itaú Holding Financeira S.A., through its subsidiary, Banco Itaú S.A. (“ITAÚ”), and Dafra da Amazônia Indústria e Comércio de Motocicletas Ltda. (“DAFRA”) have signed a “Memorandum of Understanding” establishing the requirements for the constitution of a partnership, which will offer on an exclusive basis:
	a)	the financing of promotional campaigns for the acquisition of DAFRA motorcycles; and
	b)	a working capital loan to the dealerships for the distribution of motorcycles.
	In addition, DAFRA will recommend ITAÚ’s products and financial, insurance and private pension services to its dealerships.
2.	ITAÚ shall pay R$ 20 million to DAFRA for these exclusive rights over a period of ten years, this agreement being eligible for renewal. In line with past practices, the payment shall be registered as an anticipated expense and recognized in ITAÚ’s results pro rata over the period of the partnership.
3.	DAFRA is a component of the Itavema Group, which operates in several sectors. These include plastics, vehicle rentals, transportation and logistics and vehicle dealerships (made up of multi-brand name vehicle and motorcycle dealerships, with 64 sales outlets nationwide). DAFRA is to manufacture the motorcycles in Manaus, state of Amazonas, its focus being on machines of up to 250 cc.
4.	The partnership between ITAÚ and DAFRA has the potential to leverage the sales of motorcycles and related financial products and services, strengthening the position of ITAÚ with a stake in this significant growth market.
São Paulo, January 17, 2008.
ALFREDO EGYDIO SETUBAL Investment Relations Officer