SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 6-K

                 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO
               RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE
                                   ACT OF 1934


                         FOR THE MONTH OF FEBRUARY 2001


                         (Commission File No. 001-14489)


                 TELE CENTRO OESTE CELULAR PARTICIPACOES S.A.
            ------------------------------------------------------
            (Exact name of registrant as specified in its charter)


                  TELE CENTRO OESTE CELLULAR HOLDING COMPANY
                ---------------------------------------------
                (Translation of registrant's name in English)


          SCS-QUADRA 2, BLOCO C, EDIFICIO ANEXO-TELEBRASILIA CELULAR
          ----------------------------------------------------------
                         -7o ANDAR, BRASILIA, D.F.
                         -------------------------
                        FEDERATIVE REPUBLIC OF BRAZIL
                        -----------------------------
                   (Address of Principal Executive Offices)


      (Indicate by check mark whether the registrant files or will file annual
            reports under cover of 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
                                        ---      ---



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                                                   TCOC3: R$ 8,70/1.000 shares
                                                   TCOC4: R$ 8,46/1.000 shares
                                             TRO: US$ 12.70/ADR (1 ADR = 3,000
                                                                       shares)


    INVESTOR RELATIONS:
ARTHUR FONSECA  -                                                     WEB SITE
ARTHUR.FONSECA@TCO.NET.BR
-------------------------
FLAVIA  MENEZES  -                                        HTTP://WWW.TCO.NET.BR
FLAVIA.MENEZES@TCO.NET.BR                                 ---------------------
-------------------------

                  TELE CENTRO OESTE CELULAR PARTICIPACOES S.A.
                              PUBLICLY-HELD COMPANY
                             CNPJ 02.558.132/0001-69



                               TO THE SHAREHOLDERS

   FEBRUARY 6, 2001 -- Tele Centro Oeste Celular  PARTICIPACOES S.A. (NYSE: TRO;
   BOVESPA:  TCOC3/TCOC4)  hereby informs its Shareholders  that the Company has
   approved  the  payment of Interest on Owned  Capital in  accordance  with the
   statement  of financial  position for the period  ending on DECEMBER 31, 2000
   and in accordance  with Article 9 of Law 9249/95 and Provision  Number 207/96
   of the Securities  Exchange Commission (CVM), in the value of R$ 0.0000528123
   per share,  with 15% withheld income tax, which results in net Interest of R$
   0.0000448904  per  share,  except  to those  shareholders  who are  immune or
   exempt.

   The  corresponding  credit was written in the Company's  accounting  books on
   DECEMBER 31, 2000, on an individualized basis to each shareholder,  according
   to their  shareholding  position on FEBRUARY 16, 2001,  rendering  the shares
   prior-to-Interest on Owned Capital as of FEBRUARY 19, 2001.

   THE VALUE OF THE INTEREST, NET OF THE APPLICABLE WITHHELD INCOME TAX, WILL BE
   ASCRIBED TO THE VALUE OF THE MANDATORY DIVIDEND AND THE STATUTORY DIVIDEND ON
   THE PREFERRED SHARES,  RELATIVE TO THE FISCAL YEAR 2000, ADDING SUCH VALUE TO
   THE TOTAL  AMOUNT IN  DIVIDENDS  DISTRIBUTED  BY THE COMPANY FOR ALL PURPOSES
   PROVIDED IN THE COMPANY'S BYLAWS.



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   Those  individuals  who are  considered  immune to or exempt  from income tax
   according to the applicable  legislation are required to prove such condition
   to the Shares Division of Banco Real S/A, the depository  institution for the
   shares without  certificates,  located  at  Av. Paulista,  1374 - 16o andar -
   Cerqueira Cesar - Sao Paulo - SP by February 16, 2001.

   Shareholders  in the Chambers of  Liquidation  and  Safekeeping  of the Stock
   Exchange will have to register such documents in the Chambers of Liquidation.

   The payment of the interest  mentioned above will be discussed at the General
   Shareholders  Meeting  that  will  look  into the  results  of the  Financial
   Statements for the period ending on December 31, 2000, at which time the date
   of the beginning of such payment shall be decided.










THIS  RELEASE  CONTAINS  FORWARD-LOOKING  STATEMENTS.  STATEMENTS  THAT  ARE NOT
STATEMENTS  OF  HISTORICAL  FACT,  INCLUDING  STATEMENTS  ABOUT THE  BELIEFS AND
EXPECTATIONS OF THE COMPANY'S MANAGEMENT,  ARE FORWARD-LOOKING  STATEMENTS.  THE
WORDS "ANTICIPATES," "BELIEVES," "ESTIMATES," "EXPECTS," "FORECASTS," "INTENDS,"
"PLANS," "PREDICTS,"  "PROJECTS" AND "TARGETS" AND SIMILAR WORDS ARE INTENDED TO
IDENTIFY THESE STATEMENTS, WHICH NECESSARILY INVOLVE KNOWN AND UNKNOWN RISKS AND
UNCERTAINTIES.  ACCORDINGLY, THE ACTUAL RESULTS OF OPERATIONS OF THE COMPANY MAY
BE DIFFERENT FROM THE COMPANY'S CURRENT EXPECTATIONS,  AND THE READER SHOULD NOT
PLACE  UNDUE  RELIANCE  ON  THESE  FORWARD-LOOKING  STATEMENTS.  FORWARD-LOOKING
STATEMENTS  SPEAK ONLY AS OF THE DATE THEY ARE MADE,  AND THE  COMPANY  DOES NOT
UNDERTAKE ANY  OBLIGATION TO UPDATE THEM IN LIGHT OF NEW  INFORMATION  OR FUTURE
DEVELOPMENTS.



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                                    SIGNATURE

      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.


                                    Tele Centro Oeste Cellular Holding Company


Date: February 6, 2001        By:      /S/ MARIO CESAR PEREIRA DE ARAUJO
                                    ------------------------------------
                                    Name:  Mario Cesar Pereira de Araujo
                                    Title: President














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