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 14^th, 2010

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

Ref.: Intermediary Interest on Own Capital

     The Board of Executive Officers of Banco Bradesco S.A., at a meeting held today, decided to propose to the Board of Directors, which will resolve at a meeting to be held on June 28^th, 2010, the payment to the Company’s shareholders of Intermediary Interest on Own Capital related to the first half 2010 in the total amount of R$558.6 million, consisting of R$0.155520588 per common share and R$0.171072647 per preferred share.

     The shareholders registered in the Company’s Books on June 28^th, 2010 shall be benefited. The Company’s shares will be traded “ex-right” on Intermediary Interest from June 29^th, 2010 on.

     Upon the approval of this proposal, the payment will be made on July 19 ^th, 2010 in the net amount of R$0.132192500 per common share and R$0.145411750 per preferred share, already net of Withholding Income Tax of 15% (fifteen percent), except for corporate shareholders who are exempt from the referred tax and shall receive the declared amount.

     The Intermediary Interest, net of Withholding Income Tax, to be approved:

1) represent 10 times the amount of the Dividends paid monthly;

2) will be computed in the calculation of mandatory Dividends of the fiscal year, as provided in the Company’s Bylaws.

Cordially,

Banco Bradesco S.A.
Domingos Figueiredo de Abreu
Executive Vice President and
Investor Relations Officer