BALANCE SHEET AND FINANCIAL STATEMENT

Plan Equity surpasses R$ 600 million

The investment assets of PREVI Future added up to R$635,8 million (R$ 418,7 million in 2005). Which would already place it among the 70 biggest pension funds of the Country. Throughout the year, resources remained applied in the Fixed income fund (BB Maxi) and in Simple Loan to the participants. Nevertheless, in October, investing in Variable income started too. In 2006, investments worth R$ 47 million were performed in this segment.

BALANCE SHEET - PREVI FUTURE

PREVI Futuro Benefit Plan presented annual variation in the equity quotas of 17.3 % (15.87 % in 2005). The Plan reserves are, in its most, allocated in the BB Maxi Financial Investment Fund, administered by BB-DTVM.

To afford expenses inherent to the Plan administration, for effect of funding sources, resources originating from the following programs were considered:

a) Social Security - 5 % on normal contributions - R$ 7.297 thousand (R$ 5,971 thousand in 2005).

b) Investment - R$ 466 thousand (R$ 340 thousand in 2005).