-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WcMMkcQvvMtSHsQPURt4wKOYF5Z0MWrS3xepS+jh1p/+OFVW2hMAXZltwn+ZLjau
 kdrS022gmKuuYhbFr2Mmpw==

<SEC-DOCUMENT>0001292814-09-000004.txt : 20090105
<SEC-HEADER>0001292814-09-000004.hdr.sgml : 20090105
<ACCEPTANCE-DATETIME>20090105060248
ACCESSION NUMBER:		0001292814-09-000004
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20081231
FILED AS OF DATE:		20090105
DATE AS OF CHANGE:		20090105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
		CENTRAL INDEX KEY:			0001170858
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31317
		FILM NUMBER:		09502357

	BUSINESS ADDRESS:	
		STREET 1:		RUA COSTA CARVALHO, 300
		STREET 2:		SAO PAULO
		CITY:			SP
		STATE:			D5
		ZIP:			05429-900
		BUSINESS PHONE:		011-55-11-3388-8000

	MAIL ADDRESS:	
		STREET 1:		RUA COSTA CARVALHO, 300
		STREET 2:		SAO PAULO
		CITY:			SP
		STATE:			D5
		ZIP:			05429-900
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>sbs20081209_6k.htm
<DESCRIPTION>EXCERPT OF THE MINUTES
<TEXT>
<HTML>
<HEAD>
   <TITLE> Provided by MZ Data Products</TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY style="font-family: 'Times New Roman, Times, Serif'; font-size:11px; text-align:justify" bgcolor="#ffffff">
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>Washington, DC 20549 </B></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<HR align="center" WIDTH="25%" size=1 NOSHADE COLOR="#000000">
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>FORM 6-K</B></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>REPORT OF FOREIGN ISSUER </B> <BR>
      <B>PURSUANT TO RULE 13a-16 OR 15d-16 OF THE</B></FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>SECURITIES EXCHANGE ACT OF 1934</B></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center">
  <div><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B> For January 5, 2009</B></FONT></DIV>
  <p></p>
  <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B> (Commission File No. 1-31317) </B></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<HR align="center" WIDTH="25%" size=1 NOSHADE COLOR="#000000">
<DIV><FONT
SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B> Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </B></FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><i>(Exact name of registrant as specified in its charter) </i></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"> </DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B> Basic Sanitation Company of the State of Sao Paulo - SABESP </B></FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><i>(Translation of Registrant's name into English) </i></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<HR align="center" WIDTH="25%" size=1 NOSHADE COLOR="#000000">
<BR>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B> Rua Costa Carvalho, 300 <BR>
  S&#227;o Paulo, S.P., 05429-900 <BR>
  Federative Republic of Brazil </B></FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><i> (Address of Registrant's principal executive offices) </i></FONT></DIV>
<BR>
<HR align="center" WIDTH="25%" size=1 noshade COLOR="#000000">
<BR>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Indicate by check mark whether the registrant files or will file <br>
  annual reports under cover Form 20-F or Form 40-F. <BR>
  <br>
  Form 20-F ___X___ Form 40-F ______</font></div>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Indicate by check mark if the registrant is submitting the Form 6-K <BR>
  in paper as permitted by Regulation S-T Rule 101(b)(1)__.</font></div>
<P>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Indicate by check mark if the registrant is submitting the Form 6-K <BR>
  in paper as permitted by Regulation S-T Rule 101(b)(7)__.</font></div>
<P align=center><FONT FACE="'Times New Roman, Times, Serif'" SIZE=2>Indicate by check mark whether the registrant by furnishing the <BR>
  information contained in this Form is also thereby furnishing the <BR>
  information to the Commission pursuant to Rule 12g3-2(b) under <BR>
  the Securities Exchange Act of 1934. <BR>
  <BR>
  Yes ______ No ___X___</font></p>
<P>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> If "Yes" is marked, indicated below the file number assigned to the<BR>





  registrant in connection with Rule 12g3-2(b):</font>
    <p></p>
</DIV>

<hr size="2" noshade color="#000000" align="left">
<H5 align="left" style="page-break-before:always"></H5>
<A name="page_1"></A>

<P align="right">
<B><img src="sbslogo2.gif" width="58" height="63" border=0></B></P>
<P><B>companhia de saneamento b&#225;sico do estado de s&#227;o paulo &#150; sabesp </B></P>
<br>
<P>
<B>EXCERPT OF THE MINUTES OF THE FISCAL COUNCIL MEETING OF COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP, HELD ON SEPTEMBER 12, 2008. </B></P>
<P align="justify">
On September 12, 2008, at 2:00 pm, at the headquarters of Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - Sabesp, located at Rua Costa Carvalho n&#176; 300, in this Capital, the following Fiscal Council members of Sabesp met: Maria
de F&#225;tima Alves Ferreira, Em&#237;lia Ticami, Sandra Maria Giannella, At&#237;lio Gerson Bertoldi and Jorge Michel Lepeltier. I, Marli Soares da Costa, as an Advisor to the Chief Executive Office for Corporation&#146;s Affairs, was invited to
be the secretary of the meeting. The following persons also attended the meeting: the Head of Accounting Nara Maria Marcondes Fran&#231;a, the Advisor to the Chief Executive Office Desir&#233;e Ramos Mansano and representing the Audit Department,
Jo&#227;o Francisco Arcoverde Lopez, the Operational Audit Manager. Starting the meeting, the Board Members (........). Subsequently, the Board Members proceeded to <B>item 2</B> of the agenda, <B>Presentation: &#147;2</B><B><SUP>nd</SUP></B><B> Program for Distribution of Securities and 9</B><B><SUP>th</SUP></B><B> Issuance of Simple Debentures,&#148;
</B>inviting the Head of Capital Markets and Investor Relations M&#225;rio Azevedo de Arruda Sampaio, to present the matter, which documentation was included in this meeting&#146;s file. He talked about the goal of the 2008 Funding Program, pointing
out the importance of obtaining funds to meet the Company&#146;s budget and concluded his discussion by showing the advantages of the adopted alternative. He also clarified that this matter was deliberated by the Board of Directors, which authorized
the Board of Executive Officers to proceed in the planning process of the 9<SUP>th</SUP> Issuance of Simple Debentures and of the 2<SUP>nd</SUP> Program for Distribution of Securities. (........) Other issues were formulated and clarified by the expositor.
Subsequently (........). These minutes, after approved, were signed by the attending Fiscal Council Members: Maria de F&#225;tima Alves Ferreira, Em&#237;lia Ticami, Sandra Maria Giannella, At&#237;lio Gerson Bertoldi and Jorge Michel Lepeltier. </P>
<P align="justify">
I declare that this text is a free English translation of the passage of the minutes drawn up in the Fiscal Council&#146;s registration book of minutes.</P>
<P>
S&#227;o Paulo, September 29, 2008. </P>

<P>
Marli Soares da Costa<br>
<I>Secretary of the Meeting </I></P>
<P align="center">
1/1</P>

<H5 align="left" style="page-break-before:always"></H5>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B><u>SIGNATURE </u></B></FONT><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV align=justify><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000">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, in the city S&#227;o Paulo, Brazil. </FONT></DIV>
<p></p>
<DIV align=justify><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000">


Date: January 5, 2009</FONT></DIV>
<p></p> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="60%" BORDER="0">
<TR>
<TD VALIGN="top" COLSPAN="3" WIDTH="50%">
<DIV align=left><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"> <b> Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </b> </FONT></DIV></TD>
</TR>
<TR>
<TD HEIGHT="16"> </TD>
</TR>
<TR>
  <TD VALIGN="top"><DIV align=left><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">By:</FONT></DIV></TD>
  <TD VALIGN="bottom" ALIGN="center"><DIV ALIGN="center">
    <DIV ALIGN="center">/S/&nbsp;Rui de Britto &Aacute;lvares Affonso&nbsp;</DIV>
    <HR NOSHADE SIZE=1 COLOR="#000000" ALIGN="left">
  </DIV>      </TD>
  </TR>
<TR>
<TD> <FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" WIDTH="43%">
<DIV ALIGN=left><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Name: Rui de Britto &#193;lvares Affonso </FONT></DIV>
<DIV ALIGN=left><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Title: Chief Financial Officer and Investor Relations Officer  </FONT></DIV></TD>
</TR>
</TABLE>



</DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<P>&nbsp;</P>
<P></P>

<DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>

<P align=justify><FONT FACE="'Times New Roman, Times, Serif'" SIZE=2>
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.
 </FONT></P>


<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
</BODY>

</HTML>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>sbslogo2.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 sbslogo2.gif
M1TE&.#EA.@`_`/<`````_P("_P0$_P8&_PD)_PH*_P\/_Q`0_Q(2_Q45_Q@8
M_QL;_QP<_QX>_R`@_R,C_R0D_R8F_R@H_RHJ_RPL_RXN_S`P_S(R_S4U_S8V
M_S@X_SHZ_ST]_S\__T!`_T-#_T1$_T='_TA(_TI*_TQ,_TY._U%1_U)2_U14
M_U96_UA8_UI:_UQ<_UY>_V!@_V)B_V1D_V9F_VAH_VUM_V]O_W%Q_W5U_W9V
M_WEY_WIZ_WU]_WY^_X"`_X.#_X2$_X:&_XB(_XN+_XR,_XZ._Y*2_Y24_YJ:
M_YV=_Y^?_Z"@_Z*B_Z2D_Z:F_ZBH_ZJJ_ZVM_ZZN_[&Q_[*R_[6U_[>W_[BX
M_[N[_[R\_[Z^_\'!_\+"_\3$_\;&_\C(_\K*_\S,_\[._]#0_]+2_]34_]C8
M_]K:_]S<_][>_^'A_^+B_^?G_^CH_^KJ_^WM_^[N__#P__+R__3T__;V__CX
M__KZ__S\__[^_P``````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````"P`````.@`_```(_P#M"!Q(L*#!@P@3*ES(L*'#
MAQ`C2IQ(L:+%BQ@S:MS(L:/'CR!#BAQ)LJ2=)BA2JERI4@C$.F:<R)PY1N*1
M#CASZLRIHR$=,UZL+-E!M.B1*U?,U'&H`X#3IU"?GE!8APV8*2LF1-W*HLQ2
MADVW;IV*<`X8'UK%BL4AIV%8M5(/UFES1</6``KR*MC*UBU<J&0)TB$#).U3
MO!B**"9"`4*!IWW!_HU+<`X7%%L%3#ABL`R+QP`B+WS[-["=.58,'Z[P)>&*
M`*';2IX,(#`=+:J=!HC06N&"V'YIDZTS)H78!$88<D$@6B%IN&39^%`[P:$0
M'[)'TZYMI\X6"F(+M/]XN(5.\,E3R:Q0FX"(Q^=JIW(!?]Q]1_AB3[#Y`;?]
M^^TG;%'!7Q+\)UP4L,'%@!?W;3<!"Y,5X$*#M$F@`FT&P,`1?ID1L-T!,6S$
MX79J%3`!$0Q>-"*)8@6```,G$M$%12NRV%\"#DR@6!=?G6?CCT[E!4$%<3#E
MX`]()JGDDDPV.8>1M%&0@P@15&GEE5AFB661/L(E0AE>8+%$"R(`"14<4*(W
MD!QFC`$%#R.8B69#3M!7FD%TK"$&%#U`8..<#&'A@7`)U;&&$WXZR"5#8F"F
MID)Q-)'H9#%DMQ`<-A"ZD!LU.J6$>0XU(<&C"M'!Q79G0"2&<7<RI,8'DXWF
M\.1#<-Q`JD)NT#!9$CTZQ$0$K6ZJ*UP/I!I1&C+\%8(:#*UAPE]+]/K0%!G`
M=<$5#*'QFUHO2/O0&S\<P%X."\G!1'_&4A1&"Z!M=0$6"='1Q09J!4#N15J`
M4.((62#$1@WUJL#L17$P8<&^6+Q!$$P\--!B"F5HY`82&HB[50$<!$&%%QQ?
M$4.+#*`0\49N5,&"`25:4,+*'8@E0`9#D/%1&#-<T"Z+`X0@A4AN2/&"G9,%
ML``(+_0VTAM-G$""!A(X#)4`#5#@@0I`R&S20&]LP<00)'3=M0I"/&'UU627
';39(`0$`.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
