CVM INSTRUCTION NO. 389, OF JUNE 3, 2003

Amends CVM Instruction No. 205, of January 14, 1994.

THE PRESIDENT OF THE SECURITIES AND EXCHANGE COMMISSION - CVM makes public that the Collegiate Board, in a meeting held on this date, in view of the provisions of Law No. 6,385, of December 7, 1976, and based on art. 4 of Law No. 8,668, of June 25, 1993, HAS DECIDED to issue the following Instruction:

Art. 1

Article 27 of CVM Instruction No. 205, of January 14, 1994, shall be effective with the following wording:

“Art. 27 ...

§3 When the Fund's regulations contain a provision indicating the market in which the shares will be traded, the General Assembly may deliberate, by simple majority, their alteration, at first call, for the specific purpose of allowing trading in a different market.” (NR)

Art. 2

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

Signed original by

LUIZ LEONARDO CANTIDIANO
President