UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

For the month of May, 2007

Commission File Number 1-15250

BANCO BRADESCO S.A.

(Exact name of registrant as specified in its charter)

BANK BRADESCO

(Translation of Registrant's name into English)

Cidade de Deus, s/n, Vila Yara
06029-900 - Osasco - SP
Federative Republic of Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.  Form 20-F ___X___ Form 40-F _______

 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.  

Yes _______ No ___X____

Osasco, São Paulo, Brazil, May 23^rd , 2007 

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

Ref.: Acquisition of Stocks issued by the Company for Resale or Cancellation

Dear Sirs,

     The Board of Directors of this Bank, in a meeting held on this date, 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 authorize the Board of Executive Officers of this Company to acquire up to 15,000,000 registered book-entry stocks, with no par value, comprising 7,500,000 common stocks and 7,500,000 preferred stocks, to be maintained in treasury and for subsequent resale or cancellation, without decreasing the Capital Stock; it is incumbent on the Board of Executive Officers to determine the opportunity and the number of stocks 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 available for Investment, resulting from the “Profits Reserve - Statutory Reserve” account;

b)it shall be valid for the period of six (6) months, from May 28^th, 2007 to November 28^th, 2007;

c)pursuant to the provisions in Article 5 of CVM Instruction # 10, the Bank has 1,306,405,238 outstanding stocks, comprising of 349,542,512 common stocks and 956,862,726 preferred stocks;

d)the acquisition process of these stocks 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^o andar, Bela Vista, São Paulo, SP;

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

III) to register that, in relation to the authorization granted to the Board of Executive Officers, during this Body’s meeting # 1,184, as of November 23^rd, 2006, it was verified that until May 21^st, 2007, 305,100 registered book-entry stocks with no par value were acquired, 59,700 of which are common stocks and 245,400 are preferred stocks, which, added to the existing 721,100 common stocks and 6,400 preferred stocks in treasury, total 1,032,600 registered book-entry stocks, 780,800 of which are common stocks and 251,800 are preferred stocks, which shall be maintained in treasury, whereas the decision regarding the resale or cancellation of these stocks shall be made on an appropriate occasion and disclosed to the market.

     Sincerely,
Banco Bradesco S.A.

Norberto Pinto Barbedo                                          Domingos Figueiredo de Abreu

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: May 25^th, 2007

BANCO BRADESCO S.A.
By:	/S/ Norberto Pinto Barbedo
	Norberto Pinto Barbedo Executive Vice President

By:	/S/ Domingos Figueiredo de Abreu
	Domingos Figueiredo de Abreu Managing Director

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.