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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 December, 2004

Commission File Number 001-14491
 
 

TELE CELULAR SUL PARTICIPAÇÕES S.A.
(Exact name of registrant as specified in its charter)
 

TELE CELLULAR SUL HOLDING COMPANY
(Translation of Registrant's name into English)
 

Rua Comendador Araújo, 299 - 3º Andar
80420-000 Curitiba. PR, 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____

 
NOTICE TO SHAREHOLDERS
CREDIT OF INTEREST ON CAPITAL
 

TIM PARTICIPAÇÕES S.A.
A Publicly-Owned Company
C.N.P.J. nº. 02.558.115/0001-21
NIRE 4130001760-3

Shareholders are hereby informed that the Board of Directors of TIM Participações S.A. (“Company”) adopted and will submit to the appreciation of the Shareholders Meeting the credit of Interest on Own Capital (“Juros Sobre o Capital Próprio - JSCP”), pursuant to article 9 of Law nº 9.249/95 and Comissão de Valores Mobiliários – CVM Decision nº 207/96.

The corresponding credit will be posted to the accounts on Dec.31.2004, individually, on the basis of the respective shareholding on that date, in compliance with IN-SRF nº 41/98. Gross interest of R$ 0.042704317 will be credited per lot of one thousand shares, minus 15% withholding income tax, resulting in net interest of R$ 0,036298669, excepting shareholders with proven exemption, will accrue on the dividends as provided in article 9º § 7 º of Law nº. 9.249/95.

Exempted legal entities shall provide evidence of such exemption no later than Jan.05.2004 to the shares management of Banco ABN AMRO Real S/A, depository of the book-entry shares, at Av. Brigadeiro Luis Antonio, 2020 – 6th Floor – São Paulo – SP, Zip Code : 01310-916, Telephone (5511) 2192-2411, Fax: (5511) 2192-2398, E-mail: acionista@real.com.br .

Curitiba, December 17, 2004.

Paulo Roberto Cruz Cozza
Diretor de Relações com Investidores
TIM Participações S.A.

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 CELULAR SUL PARTICIPACTES, S.A.
 
Date: December 17, 2004 By: /s/ Paulo Roberto Cruz Cozza
    Name: Paulo Roberto Cruz Cozza
    Title: Chief Financial Officer