EQUITY STATEMENT AND INCOME STATEMENT

YEAR OF 2006

BENEFIT PLAN 1

(Values expressed in thousands of reais)

Benefit Plan 1 obtained, during this fiscal year, a profitability of 35.01% in its investment assets, against 22.63% in the previous year. The variable income segment represents 64.13% of the investment assets.

To support the expenses inherent to the Plan's administration, as far as costing sources are concerned, resources from the following programs were considered:

a) Pension Program - 5% of the normal contributions - R$ 36,990 thousand ( R$ 48,843 thousand in 2005);

b) Investment Program - R$ 81,385 thousand (R$ 74,796 thousand in 2005);

PREVI FUTURO BENEFIT PLAN

(Values expressed in thousands of reais)

The PREVI Futuro Plan presented an annual variation in its equity quotas equal to 17.93% (15.87% in 2005). The Plan reserves are, in their most part, in the BB Maxi Financial Investment Fund, administered by the BB Security Dealer.

To support the expenses inherent to the Plan's administration, as far as costing sources are concerned, resources from the following programs were considered:

a) Previdencial - 5% sobre as contribuições normais - R$ 7.297 mil (R$ 5.971 mil em 2005);

b) Investimento - R$ 466 mil (R$ 340 mil em 2005).

CAPEC PLAN

(Values expressed in thousands of reais)

The Capec Plan obtained, during this fiscal year, a profitability of 15.08 % in its investment assets, compared to 20.04% during the previous yera.The Plan reserves are invested in the exclusive BB Capec fixed income fund, administered by the BB security dealer.

To support the expenses inherent to the Plan's administration, as far as costing sources are concerned, resources from the following programs were considered:

a) Pension Program - 2.5% on normal contributionsa - R$ 3,048 thousand ( R$ 1,664 thousand in 2005), already contemplated in the Previ. Administrative Plan;

b) Investment Program - R$ 129 thousand (R$ 113 thousand in2005).