The relation between the Lattice Boltzmann Method, which has recently become popular, and the Kinetic Schemes, which are routinely used in Computational Fluid Dynamics, is explored. A new discrete velocity model for the numerical solution of Navier{Stokes equations for incompressible uid ow is presented by combining boththe approaches. The new scheme can beinterpreted as a pseudo-compressibility method and, for a particular choice of parameters, this interpretation carries over to the Lattice Boltzmann Method.