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.  

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Cidade de Deus, Osasco, SP, June 2^nd, 2010

Securities and Exchange Commission
Office of International Corporate Finance
Division of Corporate Finance
Washington, DC

Ref.:  Acquisition of Shares issued by the Company for Disposal or Cancellation

          The Board of Directors of this Bank, at a meeting held today, pursuant to Paragraph 6 of Article 6 of the Company’s Bylaws, and in compliance with the requirements set forth in Paragraphs 1 and 2 of Article 30 of Law # 6,404/76 and with the CVM – Comissão de Valores Mobiliários (Brazilian Securities and Exchange Commission) Instructions # 10, 268 and 390 as of February 14^th, 1980, November 13^th, 1997 and July 8^th, 2003, respectively, resolved:

I)     to renew the program to acquire shares issued by the Company to be maintained in treasury  and subsequent disposal or cancellation, without decreasing the Capital Stock;

II)   to authorize the Board of Executive Officers to acquire up to 15,000,000  registered book-entry shares, with no par value, comprising of 7,500,000 common shares and 7,500,000 preferred shares, it is incumbent on the Board of Executive Officers to determine the opportunity and the number of shares to be effectively acquired, within the limits authorized and the duration of this resolution.

For the purposes of Article 8 of CVM Instruction # 10, as of February 14^th, 1980, it is specified that:

a)    the objective of the present authorization is the application of funds registered in the “Profits Reserves - Statutory Reserves”, available for Investments;

b)   it shall be valid for the period of 6 (six) months, from June 4, 2010 to December 4, 2010;

c)    pursuant to the provisions in Article 5 of CVM Instruction # 10, the Bank has 2,266,446,977 outstanding shares, comprising of 592,032,126 common shares and 1,674,414,851 preferred shares;

d)   the acquisition process of these shares shall be undertaken at market price and be mediated by Bradesco S.A. Corretora de Títulos e Valores Mobiliários, with headquarters at Avenida Paulista, 1.450, 7^oandar,  Bela Vista, São Paulo, SP, and Ágora Corretora de Títulos e Valores Mobiliários S.A., with headquarters at Praia de Botafogo, 300, salas 601 and 301, parte, Botafogo, Rio de Janeiro, RJ;

III)    that in the event of cancellation of such purchased shares, the Board of Directors shall be responsible for submitting such cancellation for the approval of the General Shareholders’ Meeting, without decreasing the Capital Stock;

IV)    to register that, pursuant to the Board of Directors’ proposal submitted at the Special Shareholders’Meeting held on March 10, 2010, were cancelled 6,676,340 registered book-entry shares, with no par value, of which 3,338,170 are common shares and 3,338,170 are preferred shares, existing in treasury and acquired as follows:

a)    613,100 shares, of which 141,000  are common shares and 472,100 are preferred shares, according to the authorization granted to the Board of Executive Officers during this Body’s Meeting # 1,538, as of December 2, 2009;

b)   5,456,300 shares, of which 2,893,700 are common shares and 2,562,600 are preferred shares existing in treasury and acquired according to the authorizations granted previously;

c)    606,940 shares, of which 303,470 are common shares and 303,470 are preferred shares, derived from the bonus stock process approved at the Special Shareholders’ Meeting held on December 18, 2009.

Cordially,