Benefit Plan 1 achieved, on this administration, a profitability of 25,62% on its investment assets, against 35,46% on the previous administration.

The Variable Income segment represents 59,22% of the investment assets, and showed a 32,99% profitability (43,84% in 2003).

To be able to sustain all expenses attached to the Plan’s administration were accounted for cost effects, resources generated by the following programs:

a) a) Social Security – 5% on regular contributions – R$46,558,426.39 (R$40.201,985.61 in 2003);

b) b) Investments – R$69,267,972.69 (R$57,028,365.85 in 2003)