Let

be an exceptional divisor on the
smooth surface
W and
U the formal neighborhood of
D in
W. Let
E be
a rank 2 vector bundle on
U. Here we associate to
E an integer

,
a finite family
Ei,

,
of rank 2 vector bundles on
U and a
finite sequence

of pairs of integers such that
Ei|
D has splitting type (
ai,
bi),
E1=
E,
at=
bt,
ai+1+
bi+1=
a1+
b1+
i and

for

.
Vice versa, for any such sequence we prove the existence of at
least one such bundle. We compute the second Chern class of
E in terms of

and show that

is the unique bundle with splitting type (
a1,
b1) and maximal
c2.