Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
Osasco, São Paulo, Brazil, August 15th, 2005
Securities and Exchange CommissionRe.: Acquisition of Stocks issued by the Company for Resale or Cancellation
Dear Sirs,The Board of Directors of this Bank, in a meeting held on this date, according to the Paragraph 6th of Article 6th of the Company’s Bylaws, and in compliance with the requirements set forth in Paragraphs 1st and 2nd of Article 30 of the Law 6,404/76 and the CVM (Brazilian Securities Commission) Instructions 10, 268 and 390 as of February 14th, 1980, November 13th, 1997 and July 8th, 2003, respectively, resolved:
| I) | to authorize the Board of Executive Officers of this Company to acquire, up to 3,000,000 registered book-entry stock, with no par value, comprising 1,500,000 common stock and 1,500,000 preferred stock, to be maintained in treasury stock for later resale or cancellation, without decreasing the Capital Stock, being incumbency of the Board of Executive Officers to determine the opportunity and the number of stocks to be effectively acquired, within the limits authorized and the validity term of this resolution. |
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| For the purposes of Article 8th of CVM Instruction 10, as of February 14th , 1980, it is specified that: |
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| a) |
the objective of the present authorization is the application of resources available for Investment, resulting from the “Profits Reserve - Statutory Reserve” account; |
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| b) |
it will be valid for the period of 90 (ninety) days (from August 17th , 2005 to November 14th , 2005); |
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| c) |
according to the dispositions of Article 5th of CVM Instruction 10, the Bank has 319,429,456 outstanding stocks, comprising of 88,705,553 common stocks and 230,723,903 preferred stocks; |
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| d) |
the acquiring process of these stocks will be undertaken at market price and be intermediated by Bradesco S.A. Corretora de Títulos e Valores Mobiliários, with head office at Avenida Ipiranga, 282, 13th floor, Consolação, São Paulo, SP. |
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| II) | to register that: 1) in relation to the authorization granted to the Board of Executive Officers, during the meeting of the Board of Directors # 1,058, as of February 2nd , 2005, it was verified that 1,511,500 common registered book-entry stocks were acquired up to August 11th , 2005; 2) 1,538 common stocks and 1,287 preferred stocks, all book-entry ones, were accounted in treasury, resultant of the conversion of Bradesco Seguros S.A. stockholders, which added may be cancelled by proposal of the Board of Directors to be presented on the next Special Stockholder’s Meeting, without decreasing the Capital Stock. |
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| Cordially, | |
| Banco Bradesco S.A. | |
| José Luiz Acar Pedro | |
| Executive Vice President and | |
| Investor Relations Director | |
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BANCO BRADESCO S.A.
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| By: |
/S/
José Luiz Acar Pedro
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José Luiz Acar Pedro
Executive Vice President and Investor Relations Director | ||
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