CVM INSTRUCTION NO. 288, OF AUGUST 7, 1998.

Amends item II of Article 3 of CVM Instruction No. 174, of February 6, 1992.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Board, in a meeting held on this date, in accordance with the provisions of Article 18, item II, letter "a", of Law No. 6,385, of December 7, 1976, HAS RESOLVED to issue the following Instruction:

Art. 1 Item II of Article 3 of CVM Instruction No. 174, of February 6, 1992, shall be effective with the following wording:

"Art. 3 ...... ...... II - total investments in shares of the same issuer shall not exceed 25% of the total portfolio, unless prior authorization from the CVM is obtained."

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

Signed original by
FRANCISCO DA COSTA E SILVA
President