CVM INSTRUCTION NO. 239, OF OCTOBER 11, 1995

Provides for the reporting of positions held by the Investment Funds it specifies.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Board, in a session held on this date, and based on the provisions of Article 8 of Law No. 6385, of December 7, 1976, Article 3 of CMN Resolution No. 1787, of February 1, 1991, and item II of CMN Resolution No. 1289, of March 20, 1987,

RESOLVED:

Art. 1. Investment Funds regulated by CVM Instruction No. 141, of March 27, 1991, CVM Instruction No. 157, of August 21, 1991, CVM Instruction No. 215, of June 8, 1994, CVM Instruction No. 227, of December 23, 1994, Joint Communication BACEN/CVM No. 34, of May 9, 1991, and Annex II Regulation to CMN Resolution No. 1289, of March 20, 1987, shall submit to the CVM, by the fifth business day of each month, the information provided for in the attached statement of this Instruction - Synthetic Report, based on the last day of the previous month.

Art. 2. This Instruction enters into force on the date of its publication in the Official Gazette of the Union.

Signed original by

FRANCISCO AUGUSTO DA COSTA E SILVA President

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CVM INSTRUCTION NO. 239, OF OCTOBER 11, 1995

SYNTHETIC REPORT

Position at: Fund Modality:
Name: Fund CGC: Administrator:

APPLICATIONS FINAL POSITION

Values in R$ 1,000.00

1. Stocks ______
   Stocks (1) ______
2. Options Market ______
   Premiums paid ______
   Premiums received (______)
3. Forward Market ______
   Long positions ______
   Short positions ______
   DERIVATIVES (2 + 3) ______
4. Convertible Debentures ______
5. Simple Debentures ______
6. Public Bonds ______
7. Privatization Currencies ______
8. Other applications ______
   OTHERS (4 + 5 + 6 + 7 + 8) ______

TOTAL APPLICATIONS

OTHER INFORMATION

Value of open futures contracts held (in R$ 1,000.00)

Total number of QUOTA HOLDERS on the last day of the month

Value of the QUOTA on the last day of the month

Net Worth (in R$ 1,000.00)

Quotas issued (in R$ 1,000.00)

Quotas redeemed (in R$ 1,000.00)