1. BANCO ITAÚ S.A. CONFERENCE CALL FOURTH QUARTER OF 2000

2. Itaú Consolidated 2000 Consolidated Net Interest Margin 5,072 Provision for Loan Losses (764) Banking Service Fees 3,465 4,629 (814) 3,159 1999 Consolidated EPS (per thousand shares) 15.8515.99 Recurring ROE 28.9% Recurring ROA 2.8% 25.7% 2.9% Income Statement R$ Million Recurring Net Income 1,9181,518 4Q00 Consolidated 1,456 (289) 958 5.03 42.9% -3.4% 620 Salaries, Employee Benefits and Other Adm. Expenses (5,173)(4,610)(1,531)

3. Itaú Consolidated 2000 Consolidated 1999 Consolidated Credit Operations R$ Million TOTAL Individuals Small and Medium-Sized Companies Corporate Mortgage Credit Cards Other Receivables 20,005 2,541 973 11,729 2,930 1,423 409 Variation (%) 27,253 4,486 2,115 14,768 3,305 2,130 449 36.2% 76.5% 117.4% 25.9% 12.8% 49.7% 9.8%

4. Credit Operations Quality Credit Operations Quality AA, A e B Obs: Banestado Included 2000 Consolidated Provision for Loan Losses– Credit Recoveries (A) (502) Average of Balance Credit Operations (B) 23,629 A / B (%) 2.1% (538) 17,860 3.0% 1999 Consolidated R$ Million Itaú Consolidated Percentage of credits that are 11 to 30 days overdue in relation credits that are 11 to 30 days, and in December/00 using credits that are 15 to 30 days overdue (accordance with Resolution 2,682) Percentage of credits that are 31 to 60 days overdue in relation credits that are 31 to 60 days Percentage of credits that are 61 to 90 days overdue in relation credits that are 61 to 90 days

5. Itaú Consolidated 2000 Consolidated 1999 Consolidated Funding R$ Billion Deposits Mutual Funds and Portfolio under Management Borrowings and on-Lendings Acceptances and Debentures Money Market repurchase commitments and Interbank Deposits Variation (%) TOTAL 23.2 32.0 5.3 3.0 5.6 27.9 42.0 6.9 3.0 11.7 20.3% 31.3% 30.4% 0.0% 108.9% 91.569.132.4%

6. Itaú Consolidated 2000 Consolidated 1999 Consolidated Quantities Branches and CSBs Current and Savings Accounts Credit Cards Internet Banking Transactions 2,995 10.8 millions 3.3 millions 14.9 millions Variation (%) 2,545 9.2 millions 2.3 millions 10.9 millions 17.7% 17.4% 45.8% 36.3%

7. Corporate Banking QuantitiesVolume Coordination of Operations in the Local Capital Market Fixed Income Variable Income R$ 925 million (Of a total of R$ 6.5 billion) R$ 806 million (Of a total of R$ 9.2 billion) 24 operations 6 operations Distribution of Fixed Rate Securities in the International Market US$ 1 billion 600 operations Itaú Corretora (Brokerage House) R$ 18 billion (Volume Negotiated in the Bovespa Exchange) 5.5 million (Contracts Negotiated in the BM&F Exchange) Services for the Capital Market R$ 310 billion (Custody / Management of Financing Assets) 873 contracts BNDES On-Lending Exim R$ 1.2 billion (Disbursement) US$ 395 million (Disbursement) 1,063 releases 96 releases

8. Itaú Consolidated 2000 Consolidated 1999 Consolidated Fair Market Value R$ Million Excess Provision for Loan Losses Excess Provision for Securities Other Unrealized Gain 686 746 973 Variation (%) 603 746 902 -12.1% 0.0% -7.3% 2,2512,405 -6.4% If taken into consideration all excess provisions, other unrealized gains and Tax Credits not accounted for in the amount of R$ 1,460 million, the BIS ratio would be 19%.

9. Itaú Consolidated Tax Credits Related to Tax Losses Provisions Disbursed Related to Provisions not Disbursed Related to the Operation Related to Excess Provisions in Relation to minimum Obligations not Disbursed Provisions Tax Credits R$ Million - - 3,851 1,675 2,177 720 826 1,123 450 673 TOTAL3,8512,669

10. Strong Expansion in Personnalité segment Emphasis on Credit Cards Segmentation of Specific Channel for Small Companies Growth in Loans (mainly consumers) Broker Dealer Cost Reduction Program ADR Level II emission 2001