We had a marvelous year: good for the Country and very good for PREVI. At the end of last year, we said we had prepared PREVI to collect a series of good results.

And this in fact did happen: we revised the Statutes, reduced the PREVI Part - which generated an increase in the amount of future benefits and of those granted after 1997, reduced the participants' contributions and reopened the real estate financing plan. Despite these and other benefits for the associates, the Plan 1 results continued extremely positive. The year's surplus totaled R$15.9 billion and the accumulated result for the past business years exceeded the mark of R$ 34 billion. This results in new perspectives for the implementation of new Plan improvements.

Another important step was taken in relation to the diversification of investments of the PREVI Futuro Plan. By decision of this Board in 2005, the investment in Variable Income of part of this new plan's resources became a reality during 2006. New seeds were sown in search of even better results.

We believe that this is the primary mission of this Board: to clearly analyze the present, think about the future and make decisions that prepare PREVI for the obtainment of good results. Yes, we should celebrate, but with the certainty that we must plan and correct directions, if necessary, and make balanced and responsible decisions. Only so will we always be prepared for the future.


Congratulations to all.