The year of 2006 has finished and once again PREVI's good results and actions have demonstrated that we continue to follow the right direction, enabling a stronger, more transparent, and efficient and just PREVI.

The numbers we reached last year and the increasing growth in the number of plan associates is a reason of great victory. Currently, the PREVI Futuro Plan has conquered the adhesion of 83.5% of the active employees and investments that, today, reach the mark of R$ 635.8 million. This is the result of the collective action and professionalism of the PREVI team that, allied to solid ethics, has consolidated the position of a company that is a reference in the administration of resources in the financial market.

An important fact that deserves special note was the creation of the Advisory Board that, among its attributions, maintains its focus and attention directed to the proposition and follow-up of the plan's management. This initiative, an innovation in terms of pension plans in Brazil, was enabled by a change in the PREVI Statutes that occurred on March 16th, 2006.

Another conquest that fulfilled the associates' desires was the investment in variable income. The investments provided, for the more than 38 thousand associates, a profitability of 15.7% as of October - a very large gain. This and other actions will allow all of us, PREVI associates, to maintain our quality of life and economic standards during retirement.

We presented an increase in the loan ceiling to 15% in the Simple Loan modality. This measure benefited innumerous colleagues and currently PREVI is commemorating the portfolio's growth, which presented a variation of 91% in relation to the same period of 2005.

In summary, the PREVI numbers and actions allow us to believe that we are succeeding in our mission, in other words, to administer the benefit plans with an efficient management of the received resources, with the best possible solutions in order to guarantee quality of life to our participants and their families, fulfill their expectations and those of the sponsors.