Exhibit 1(a)

                              CONSOLIDATED BYLAWS
                                       OF
                            LOCALIZA RENT A CAR S.A.

CHAPTER I.- NAME, PRINCIPAL PLACE OF BUSINESS, OBJECT AND DURATION

Article 1. - LOCALIZA RENT A CAR S.A. is a joint-stock Company (sociedade
anonima), and shall be governed by these Bylaws and by its applicable laws and
regulations.

Article 2. - The Company has its headquarters and venue at Avenida Bernardo
Monteiro, No. 1563, in the City of Belo Horizonte, State of Minas Gerais. It
may open, transfer or close branches, agencies, offices, and any other
establishments upon resolution of the Executive Board.

Article 3 - The object of the Company is:

     (i)  the rental of cars, of fleets of cars and their alienation after
          their useful life runs out;

     (ii) the exploitation and licensing of trademarks and franchises in Brazil
          and overseas

Article 4.- The Company shall endure for an indeterminate term.


CHAPTER II. - CAPITAL AND SHARES

Article 5. - The capital stock of the Company is R$116.200.000,00 (one hundred
and sixteen million and two hundred thousand Brazilian Reais) divided into
15,360,000 (fifteen million, three hundred and sixty thousand) no-par common
registered shares, with no nominal value.

ss. 1 - Without any alterations in the rights and restrictions that are
inherent in the terms of this article, all the Company's shares may be
transformed, through deliberation of Administration Council, into book-entry
shares and remain deposited in the account of the financial institution
designated by the Administration Council under the name of its holders, without
the issuance of certificates, in accordance to articles 34 and 35 of the Law #
6,404 as of 12/15/1976, whereas, in accordance with the article 3 of article
35 of the above-mentioned law, a fee may be charged from the Shareholders.

ss. 2 - the Company may, through an authorization of the Board of Directors,
redeem its own shares for the purpose of cancellation or to deposit in the
treasury department for later disposal in accordance with applicable laws and
regulations.

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Article 6.- The Company is hereby authorized to increase its Capital Stock,
without a statutory reform, up to an additional 810,000 (eight hundred and ten
thousand) nominative preferential shares

ss. 1 - It shall be of the responsibility of the Administration Council to
deliberate on the issuance of shares within the limits of the authorized
capital. The issue price will be fixed by the Administration Council without
unjustifiably spread of the participation ratio of the previous shareholders,
even if they have the preemptive right for subscription, taking into
consideration, alternatively or jointly: (a) the profitability perspectives of
the Company; (b) the equity value of the stock; (c) the stock quotation in the
stock market or in the organized over-the-counter market, whereas, according to
market conditions, a premium shall be allowed.

ss. 2 - The issuance of stocks, debentures or beneficiary parts convertible
in stocks and in subscription bonuses that are either sold in the stock market
or through public offering, or the trading of stocks within public offerings
for gathering controlling majority, may disregard the preemptive right for
exert, upon the Administration Council's criteria which shall concede to the
shareholders priority in stock subscription of one or both types of stocks.

ss.3 - The stocks may be issued regardless of following a ratio between classes
and types

ss.4.- The issuance of preferential shares is subject to the limits of the law.

ss. 5.- Within the limits of the authorized capital and in accordance with a
plan approved at a General Meeting, the Company may grant stock options to its
managers, employees or citizens who render services to the Company, or to
managers, employees or citizens who render services to companies controlled by
the Company, with exclusion of the preemptive right of the shareholders to
grant and exercise the stock options, whereas the Administration Council must
elect the Administration Committee for stock option plan in order for it to
create annual stock options programs.

Article 7.- The shares are indivisible for the Company and each common share
shall confer to its owner one vote in the deliberations of the General
Meetings.

Article 8.- The Preferential shares shall content the following advantages: (a)
priority in receipt of a minimum non-accumulative annual dividend of R$0.01
(one cent of a real) per share: (b) priority in capital reimbursement, in case
of the Company's liquidation, prorate to the parcel of capital represented by
such shares; and (c) participation, within equaled conditions to the common
shares, in capital increases deriving from the capitalization of profits or
reserves.

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ss.1. - The Preferential shares are not convertible to common shares and do not
content any voting rights. The right to vote shall only be obtained if the
Company does not pay the statutory minimum dividend within three consecutive
terms and they shall be in force until the payment due of non-cumulative
dividends.

ss. 2.- Through a General Meeting's deliberation, the Company may create other
classes of preferential shares in addition to the already existing ones.

Chapter III.- ADMINISTRATION OF THE COMPANY

Article 9.- The company shall be managed by an Administration Council and by a
Board of Directors.

Chapter IV.- ADMINISTRATION COUNCIL

Article 10.- The Administration Council shall be composed of 9 (nine) members,
whereas, they shall all be shareholders and residents in Brazil, elected in an
annual basis within the Ordinary General Meeting and may be reelected. The same
General Meeting shall designate, among the elected, one to hold the position of
President.

ss.1 - The members of the Board of Directors shall be vested in office upon
the signature of the investiture form drawn up in the "Book of Minutes of the
Administration Council Meetings", and shall remain in office until their
successors take over.

ss. 2 - The General Meeting shall set the global remuneration amount of the
members of the Administration Council, who shall allocate such amount among its
members in a meeting.

          Article 11.- The Administration Council have the primordial function
to establish the fundamental guidelines and the general orientation of the
policy and of the businesses of the Company, as well as to verify and follow up
its performance, and, besides what is supposed in accordance with the Law, to:

(a)  to previously pronounce over the presentation, to the General Meeting, of
     any proposal to amend these Bylaws, except if required by law;

(b)  to previously pronounce over the presentation, to the General Meeting, of
     any proposal for corporate purpose amendment;

(c)  to previously pronounce over to the presentation, to the General Meeting,
     of a proposal for incorporation or merger of the Company or of its
     subsidiaries;

(d)  to previously pronounce over the acquisition or disposal by the Company
     (or related acquisitions or disposals) of assets, businesses, operations
     or equity securities that shall involve any value higher than R$
     2,000,000.00 (two million Brazilian Reais), at the time of the acquisition
     or disposal, except:

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     (I)  for cars bought or sold within the normal course of the Company's
          business; and

     (II) for financial investment moves for cash management within the normal
          course of the business;

(e)  to previously pronounce over the presentation to the General Meeting, of
     any proposal for liquidation, wind up, self-bankruptcy, composition or
     similar occurrence, or of any request for liquidation, wind-up,
     self-bankruptcy or similar occurrence, to the company and/or to its
     subsidiaries;

(f)  to approve, within the authorized capital and the competency of the
     Administration Council, or to pronounce over the presentation to the
     General Meeting of a proposal for issuance, voluntary redemption or
     repurchase of any security issued by the Company or by its subsidiaries
     (including stock, options, convertible or exchangeable bills, or
     warrants), or over the practice of any act that may effect the capital
     structure of the Company or its subsidiaries;

(g)  to deliberate over the assumption or guaranty, by the Company or by its
     subsidiaries of any indebtedness if after considering the assumption or
     guaranty of such indebtedness the consolidated indebtedness of the Company
     or its subsidiaries is higher than twice as much the tangible net worth of
     the Company or its subsidiaries at the time of the latest quarterly
     balance of the Company or subsidiaries;

(h)  to previously pronounce over the presentation to the General Meeting, of
     any proposal for notice, payment or retention of a dividend higher than
     25% (twenty five percent) of the adjusted net profit defined in article
     189 and subsequent, of Law no. 6404/76;

(i)  to previously pronounce over the presentation, to the General Meeting, of
     a distribution proposal, as bonus or dividend, of any class of securities
     of the Company or its subsidiaries, except for what is set in the item (h)
     above;

(j)  to approve the annual business plan, the annual budget and over the long
     term strategic plan of the Company and of its subsidiaries;

(k)  to deliberate over the execution or amendment of any contract (or related
     contracts) signed by the Company or by its subsidiaries, involving
     payments by or to the Company or its subsidiaries, during the term of the
     contract or amendment, of an amount higher than R$ 2,000,000.00 (two
     million Brazilian Reais), on the date of signature of the contract or
     amendment, except for contracts held for the normal course of the business
     that are related to:

     (I)  car rental;

     (II) franchise; or

     (III) indebtedness and cash management;

(l)  (to choose or dismiss the independent auditors of the Company;

(m)  to approve any operation between the Company or its subsidiaries and any
     stockholder, nor affiliates or associates, except for:

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     (I)  operations between the Company and its affiliated for purposes of
          cash management; and

     (II) operations in strictly commutative conditions and with proper
          compensating payment with Radio Beep Telecomunicacoes Ltda. up to the
          value, on the date of the operation, of R$ 2,000,000.00 (two million
          Brazilian Reais) per annum;

(n)  to authorize the constitution and acquisition of new subsidiaries or
     associations (including acquisition of other subsidiaries, as well as the
     disposal of the subsidiaries of the Company); and

(o)  to previously pronounce over the presentation to the General Meeting, of a
     proposal for remuneration, benefits and other incentives for the members
     of the Administration Council or for the executive Board of Directors,
     except for the normal course of business, in a consistent way to previous
     practices and in accordance with the remuneration, benefits or other
     incentives in force for Brazilian companies whose organization and size
     are similar to those of the Company.

ss. 1 - for the purposes of what is stated in items (g) and (k) above,
indebtedness means: (A)

     (i)   liabilities arisen from loans in cash;

     (ii)  liabilities arisen from bonds, debentures, promissory notes or
           similar instruments;

     (iii) liabilities arisen from the deferred payment of the acquisition
           price of goods or services, except for accounts payable for the
           normal course of business;

     (iv)  liabilities related to financial leasing;

     (v)   liabilities arisen from imminent debts within agreements for tax
           installment payment or similar;

     (vi)  all third party indebtedness guaranteed by a lien over any asset of
           the Company or its subsidiaries; and

     (vii) all third party indebtedness guaranteed by the Company or its
           subsidiaries;

     except for (B)

     (i)  cash, cash deposited in current account and financial investments;
          and

     (ii) regarding to the Company and its Subsidiaries, loans between the
          Company and its Subsidiaries.


ss. 2 - The discretionary amounts stated in items (d), (k) and (m) of the
heading of Article 11 above will be reviewed and adjusted annually, at an
Extraordinary General Meeting.

Article 12.- The Board of Directors shall meet ordinarily every 3 (three)
months and extraordinarily whenever necessary, at the Company's head-office or
at any other chosen location. The Minutes from such meetings shall be
transcript to the proper book.

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ss. 1 - Meetings shall be convened by the President of the Council or by the
plurality of the members of the Councils upon written notice sent at least 10
(ten) business days in advance, stating the location, date and time of the
meeting as well as a summary of issues. The Resolutions taken in the
Administration Council meetings shall be issues stated in the notice sent to
the members of the Board 10 (ten) working days in advance.

ss. 2 - For the valid instate and deliberation of the Administration Council
General Meeting it shall be convened by the majority of its members in office,
whereas for the deliberations over the items (a) through (o) of article 11
above, any member shall be considered attendant if he/she is represented by
his/her proxy, legally appointed representative or if he/she has sent a vote by
telex, telegram, facsimile or in any other written form.

ss. 3 - the deliberation on the General meetings shall always be made by the
majority of the attendants, whereas, and the Chairman of the Meeting or his/her
proxy or representative shall have the casting vote.

PART V. -EXECUTIVE BOARD OF DIRECTORS

Article 13 - The Board of Directors shall be composed by 5 (five) Officers,
stockholders or not, all Brazilian residents, elected by The Administrative
Council. Among the Officers, one shall be designated President Director, three
shall be designated Vice-President Directors, and the fifth shall be designated
Director of Finances and Market Relationship.

ss.1 - The Directors mandate is of 1 (one) year, whereas for possible
reelection. At the end of the office term, the members of the Board of
Directors shall remain in their positions until the new elected members take
over.

ss.2 - The Officers shall be vested in their positions upon signature of the
term of office to be transcript in the proper book, following the legal
prescriptions.

Article 14.- The Executive Board shall coven whenever necessary but at least
once every 6 [six] months, under the chairmanship of the President Director or,
in his/her absence, of any of the Vice President Director indicated by the
President Director.

ss.1 - The executive Board meetings shall always be called by the President
Director or by the majority of the members of the Board of Directors. In order
to achieve quorum constitution and valid resolutions the attendance of the
majority of the Directors in office shall be required.

ss.2 - The deliberations of Executive Board of Directory shall be transcript
the proper book, and shall be approved by the majority of votes, whereas the
chairman of the meeting shall have the casting vote in the case.

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Article 15.- In the event of absence or temporary impairment of any Director,
he/she shall appoint, subject to the prior approval of the President Director,
among the remaining Directors, a proxy during his/her absence or impairment.
The proxy shall carry out all his/her duties and have the same powers, rights
and obligations as its represented Director.

ss. 1 - The proxy shall vote, at the Executive Board meetings, for himself
and for the Director he is representing.

ss. 2 - In case of death, impairment or withdrawal of any Director, the
Board of Directors may appoint a proxy, whereas stating his/her mandate which
shall not exceed the term of office of the represented Director.

ss. 3 - In the event of temporary absence or impairment of the President
Director, he/she shall appoint one of the Vice President Directors as a proxy
to coven during his/her absence or impairment. The proxy shall then carry out
all duties and have the same powers, rights and obligations as the represented
Director.

Article 16.- The Executive Board of Directors shall manage the corporate
business in general whereas performing all of the necessary or suitable acts,
except for those which, in accordance with the law hereof under these Bylaws,
are attributed to the authority of the General Meeting or to the Administrative
Council. Their powers include, not limited to, among others (a) to ensure the
compliance with the law and these Bylaws; (b) to ensure the compliance of the
deliberations held at the General Meetings, the Administrative Council
meetings, and at their own meetings; (c) to administer, manage, and superintend
the corporate business; and (d) to issue and approve instructions and in-house
regulations deemed useful or necessary.

ss. 1 - The President Director shall:

     a)   perform an overall supervision and the strategic planning for all the
          Company's businesses;

     b)   coordinate and orient the activities of the other directors within
          their respective areas of competence;

     c)   perform executive decision-making functions;

     d)   designate whichever director to perform special activities and tasks,
          besides those that he/she ordinarily performs; and

     e)   call out, install and preside the Executive Board of Directors'
          meetings.

ss. 2 - The executive Vice President Director, administrative director shall:

     a)   substitute the President Director in his absence or incapacity
          whenever recommended by the President Director;

     b)   assist the President Director within the supervision, coordination,
          management and administration of the activities and of the

<PAGE>

          businesses of the Company as well as for all the tasks to which
          he/she is assigned; and

     c)   Coordinate, administer, direct and supervise the activities in the
          areas of human resources, telecommunication systems, legal
          assistance, corporate communication and fleet acquisition.

ss. 3 - The executive Vice President Director, director of car fleet rental
shall:

     a)   substitute the President Director in his absence or impediment
          whenever recommended by the President Director;

     b)   assist the President Director within the supervision, coordination,
          management and administration of activities and businesses of the
          Company and as well as for all the tasks to which he is assigned;

     c)   coordinate, administer, direct and supervise the operations related
          to car fleet rental, so as to embody the activities of sales and
          marketing related to this market segment; and

     d)   Coordinate, administer, direct and supervise operations related to
          the deactivation of fleets.

ss. 4 - The executive Vice President Director, car rental director shall:

     a)   substitute the President Director in his absence or impediment
          whenever recommended by the President Director;

     b)   assist the President Director within the supervision, coordination,
          management and administration of activities and businesses of the
          Company and as well as for all the tasks to which he is assigned; and

     b)   Coordinate, administer, direct and supervise operations related to
          car rental, including the areas of sales and marketing related to
          this market segment.

ss. 5 - It behooves the Director of Finances and Investor Relationship to:

a)   coordinate, administer, direct and supervise the development of
     relationship with the capital market;

b)   represent the Company before stockholders, investors, market analysts, the
     Securities Commission, the Stock Exchanges, the Central Bank of Brazil and
     all other bodies related to activities carried out on the capital markets,
     in Brazil and overseas; and

c)   coordinate, administer, direct and supervise the accounting and finance
     areas of the Company.


ss. 6 - Every single Director holds the responsibility to represent the
Company in or out of a court of law, actively or passively, before third
parties, any public department or

<PAGE>

federal authority, state or local authority as well, autarchies, mixed capital
companies, and quasi-public organizations.

Article 17.- The deeds of any nature, bills of exchange, checks, money orders,
contracts and any other documents that implies in liability or obligation to
the Company must be signed either by (a) the President Director jointly with
any other Director; (b) one Vice President Director, jointly with any other
director; (c) by 2 (two) Vice President Directors jointly; (d) by the President
Director jointly with a proxy vested with special and expressed powers; (e) by
one Vice President Director jointly with one proxy vested with special and
expressed powers; or (f) by 2 (two) proxies jointly, vested with special and
expressed powers.

Sole Paragraph.- The Executive Board of Directors shall appoint in a meeting
any Director or authorize the appointment of a third party as a proxy to
individually perform any act of competence of the Executive Board or of a sole
Director, whereas harmless to any identical power or duty stated by these
Bylaws to the Executive Board itself or to a sole Director.

Article 18.- Letters of attorney under the Company's name shall always be
signed by the President Director and any of the Vice President Directors
jointly, or by 2 (two) Vice President Directors jointly, stating the granted
powers; except for the ones that grant Ad-judicial powers, they shall be
granted for a limited term of 13 (thirteen) months.

Article 19.- It is considered expressly forbidden, and therefore null, the acts
of any Company Director, employee, or proxy, that involves the Company in any
liability related to the businesses or operations outside the scope of
corporate purpose, such as sureties, guarantees, endorsements or any other
guarantee on behalf of third parties, are hereby expressly forbidden and shall
be deemed to be null and void, and without any effect towards the Company,
except when expressly authorized by the Executive Board of Directors in
meeting, following the due limits established by the Board of Directors.

PART VI. - GENERAL MEETINGS

Article 20 - The General Meetings shall be both ordinary and extraordinary. The
Ordinary General meetings shall be held within 4 (four) months after the end of
the fiscal year, and General Extraordinary meetings shall be held as often as
deemed necessary

Article 21 - The General meetings shall be called by the President of the
Administration Council, in accordance and within the terms provided by law, and
shall be presided by a shareholder chosen by the majority of votes of the
attendants. The President of the meeting shall appoint the secretary of the
meeting.


Sole Paragraph - Shareholders may be represented at the General Meetings by a
proxy, shareholder, manager of the Company or lawyer, duly authorized by a
letter of attorney.

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CHAPTER VII.- STATUTORY AUDIT COMMITTEE

Article 22.- The Company's Statutory Audit Committee shall only be instated
upon request of the shareholders, pursuant to law.

Sole Paragraph.- The members of the Statutory Audit Committee shall remain in
office until the following General Meeting of the Company.

Article 23 - The Statutory Audit Committee, when in operation, shall be
composed by five (5) effective members, and the same number of alternates, all
resident in Brazil, alien to the Company's management. The operation of the
Statutory Audit Committee and the compensation, authority, duties and
liabilities of its members shall comply with prevailing legislation.

CHAPTER VIII. - FISCAL YEAR, PROFITS AND DIVIDENDS

Article 24.- The Company's fiscal year shall begin on January 1st and end on
December 31st every year. At the end of each fiscal year, the financial
statements shall be transcript in accordance with applicable laws.

Article 25.- The Company's net profits of each fiscal year, after the legal
deductions, shall have the destination deliberated by the General Meeting,
after hearing the Statutory Audit Committee if under operation.

ss. 1 - To the Shareholders are assured the right to perceive a annual
dividend of not less than 25% (twenty-five percent) of the net profit of the
year, increased or reduced by the following amounts: (a) the legal reserve; (b)
contingency reserves and reversion of these same reserves formed in previous
years; and (c) realizable profits transferred to the respective reserve and
profits previously recorded in this reserve and realized during the year.

ss. 2 - The Company may pay or credit interests as its own capital
remuneration, calculated on the accounts of the net worth, observing always the
interest rates and the limits established in the legislation in force. The
amounts paid to the shareholders as interests on its own capital shall be
deducted from the minimum obligatory dividend. As decided by the General
Meeting, the amount of the interests may be credited and paid to the
shareholders and later incorporated to the Company's capital instead of being
distributed and paid.

Article 26. - By resolution of the Board of Directors, the Company may provide
semi-annual and interim balance sheets and pay dividends from profits
ascertained on these balance sheets or accrued profits, pursuant to law.


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CHAPTER IX - LIQUIDATION

Article 27 - The Company shall be liquidated when required by law; a general
meeting shall determine the manner of liquidation and appoint the liquidator
and the Statutory Audit Committee that shall officiate during the period of
liquidation.

CHAPTER X - FINAL PROVISIONS

Article 28 - In the event of any omission or doubt hereunder, the legal
provisions in force shall prevail.

Updated until the Minutes of the General Extraordinary Meeting as of June 30,
2001, at 10:00 a.m. hours, now under registration phase.


                             [illegible signature]
                            Jose Salim Mattar Junior
                                   President


                             [illegible signature]
                             Flavio Brandao Resende
                                   Secretary



Chamber of Commerce for the State of Minas Gerais

I certify the register on July 20th., 2001 under number 2631866

[illegible signature]
Augusto Pimenta de Portilho
In behalf of the General Secretary
Docket 012083097


I hereby declare that the above text is a fair and accurate English translation
of the original, recorded in the appropriate book

June 19, 2002

    /s/ Roberto Antonio Mendes

        Roberto Antonio Mendes
      Chief Financial Officer and
Executive Officer of Investor Relations