EXPLANATORY NOTES 1.Operational Context | 2. Benefit Plans | 3. Presentation of the Financial Statements | 4. Relevant Fact |
5. Main Accounting Practices | 6. Receivables - Pension Program | 7. Receivables - Investment Program | 8. Fixed Income | 9. Variable Income | 10. Real Estate Investments | 11. Operations with Participants |
12. Investments - PREVI Futuro Plan | 13. Investments - Annuity Portfolio - CAPEC | 14. Operating Liabilities | 15. Contingency Liabilities | 16. Actuarial Liabilities | 17. Mathematical Provisions - Benefit Plan 1 | 18. Mathematical Provisions - PREVI Futuro | 19. Technical Balance | 20. Found | 21. Income Statement

BENEFIT PLANS

PREVI administers three benefit plans registered at the CNPB - National Registry of Benefit Plans of the SPC Closed Complementary Pension Entities:


Benefit Plan 1

with defined benefits. The participants are those who were PREVI associates on 12/23/97.


PREVI Futuro Benefit Plan

With variable contributions (defined contribution for the programmed benefits and defined benefit for the risk benefits, instituted by Banco do Brasil S.A. and PREVI for the employees who entered the Bank as of 1998, had its regulations approved on 06/10/98 by the SPC.


Single Payment Benefit Plan - Annuity Portfolio - Capec

administers, under the form and conditions established in its own regulations, an annuity system composed of plans for coverage of death and disability, maintained with the specific contributions of its participants. The Capec assets are segregated, the reserves are its own and they are not part of the retirement and pension plans' assets and reserves.