CONSULTING AGREEMENT TERMINATION

EXHIBIT 10.29

                              CONSULTING AGREEMENT
                                  TERMINATION


         CONSULTING AGREEMENT TERMINATION (the "Termination Agreement"), dated
as of August 31, 2004 between AMERICAN BANKNOTE CORPORATION, a Delaware
corporation having its principal place of business at 000 Xxxxxx Xxxxxx,
Xxxxxxxxx Xxxxxx, XX 00000 ("ABN") and XXXXXX XXXX, an individual having a
residence at Avenida Viera Xxxxx 620/1020, Rio de Janiero, Brazil ("Xx. Xxxx").

         WHEREAS, the parties hereto entered into a Consulting Agreement, as
amended (the "Consulting Agreement") dated as of May 22, 2003, a copy of which
is attached hereto as Exhibit A; and

         WHEREAS, the parties hereto agree that the Consulting Agreement is no
longer appropriate;

         NOW, THEREFORE, in consideration of the premises, and of the
representations, covenants and obligations contained herein, as well as for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

         1.       TERMINATION OF CONSULTING AGREEMENT. The parties hereto agree
                  that the Consulting Agreement shall cease to be of any effect
                  as of the date of this Termination Agreement.

         2.       ENTIRE AGREEMENT. This Termination Agreement represents the
                  whole of the agreement reached between the parties and
                  supersedes any previous agreements and discussions that have
                  taken place.

         3.       GOVERNING LAW. This Termination Agreement shall be governed by
                  the laws of the State of New York, United States of America,
                  independent of any conflict of laws principles. The parties
                  hereby unconditionally submit to the exclusive jurisdiction of
                  the courts of New York for any actions, suits, or proceedings
                  arising out of or relating to this Termination Agreement.

         4.       COUNTERPARTS. This Termination Agreement may be executed in
                  counterparts, each of which shall be deemed an original and
                  all of which together shall be considered one and the same
                  agreement.








IN WITNESS WHEREOF, ABN and Xx. Xxxx have executed this Termination Agreement as
of the date and year set forth above.


AMERICAN BANKNOTE CORPORATION


By:
    --------------------------
Chief Executive Officer



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XXXXXX XXXX