Let A be a ring, and let M be an A-module. Let I be a set. Then the bicommutant of the A-module M(I) coincides with the ring of homotheties of the AM′′-module M(I).
For i∈I, we denote the projection homomorphism from M(I) to M by πi:(xj)j∈I↦xi and the corresponding canonical injection (I, §4, No. 9, p. 47) by ιi:M→M(I).
Let u be an element of EndA(M(I)). For all i,j∈I, the composition ui,j=πj∘u∘ιi belongs to the commutant AM′ of M. For every element b of AM′′ and every (xi)∈M(I), we have the relations
bu((xi)i∈I)=b(i∈I∑ui,j(xi))j∈I=(i∈I∑ui,j(bxi))j∈I=u(b(xi)i∈I)
The homothety bM(I) therefore belongs to the bicommutant of the A-module M(I).
Conversely, let b be an element of the bicommutant of M(I). For i,j∈I, set bi,j=πj∘b∘ιi. Take i,j∈I with i=j. Since ιj∘πj belongs to the commutant of the A-module M(I), we have
bi,j=πj∘ιj∘πj∘b∘ιi=πj∘b∘ιj∘πj∘ιi=0
Likewise, we have
bj,j=πj∘b∘ιj=πi∘ιi∘πj∘b∘ιj=πi∘b∘ιi∘πj∘ιj=bi,i
Moreover, bi,i belongs to AM′′. It follows that b coincides with a homothety of the AM′′-module M(I).
Bourbaki sets the proof directly after the statement, and the corpus does not separate them, so what is above is the statement and its proof together.