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<SEC-DOCUMENT>0000718940-04-000005.txt : 20040206
<SEC-HEADER>0000718940-04-000005.hdr.sgml : 20040206
<ACCEPTANCE-DATETIME>20040205181000
ACCESSION NUMBER:		0000718940-04-000005
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20040205
FILED AS OF DATE:		20040206

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BCE INC
		CENTRAL INDEX KEY:			0000718940
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				99999999
		STATE OF INCORPORATION:			A8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08481
		FILM NUMBER:		04571150

	BUSINESS ADDRESS:	
		STREET 1:		1000 DE LA GAUCHETIERE OUEST
		STREET 2:		BUREAU 4100 MONTREAL
		CITY:			QUEBEC CANADA
		STATE:			A8
		ZIP:			H3B 4Y7
		BUSINESS PHONE:		5143977000

	MAIL ADDRESS:	
		STREET 1:		1000 DE LA GAUCHETIERE OUEST
		STREET 2:		BUREAU 4100 MONTREAL
		CITY:			QUEBEC CANADA
		STATE:			A8
		ZIP:			H3B 4Y7

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BELL CANADA ENTERPRISES INC
		DATE OF NAME CHANGE:	19880111
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6ksfi.htm
<DESCRIPTION>SUPPLEMENTARY FINANCIAL INFORMATION
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN">
<html>
<head>
<title>Untitled Document</title>

</head>

<body>
<p align="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><font size="4" face="Arial, Helvetica, sans-serif">SECURITIES
  AND EXCHANGE COMMISSION<br>
  <font size="2">WASHINGTON, </font></font><font size="2" face="Arial, Helvetica, sans-serif">
  D.C. 20549</font></B></FONT></FONT><font face="Arial, Helvetica, sans-serif"><br>
  </font></p>
<P ALIGN="center"><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="4"><B>FORM
  6-K</B></FONT></FONT></P>
<p>&nbsp;</p>
<p>&nbsp;</p>
<P ALIGN="center"><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2"><B>REPORT
  OF FOREIGN PRIVATE ISSUER </B></FONT></FONT></P>
<P ALIGN="center"><FONT FACE="Arial, Helvetica, sans-serif">Pursuant to Rule 13a-16
  or 15d-16 under<br>
  the Securities Exchange Act of 1934</FONT></P>
<P ALIGN="center">&nbsp;</P>
<table width="94%" border="0">
  <tr>
    <td width="53%"><font face="Arial, Helvetica, sans-serif">For the month of:
      <b>February 2004</b></font></td>
    <td width="47%"><div align="right"><font face="Arial, Helvetica, sans-serif">Commission
        File Number: <b>1-8481</b></font></div></td>
  </tr>
</table>
<P ALIGN="center">&nbsp; </P>
<P ALIGN="center"><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="4"><B>BCE
  Inc.<br>
  </B></FONT><FONT SIZE="2"><I>(Translation of Registrant&#146;s name into English)</I></FONT></FONT></P>
<font face="Arial, Helvetica, sans-serif">
<!-- MARKER FORMAT-SHEET="Para Flush" -->
<P ALIGN="center"><FONT SIZE="2"><B><font size="3">1000, rue de La Gaucheti&egrave;re
  Ouest, Bureau 3700, Montr&eacute;al, Qu&eacute;bec H3B 4Y7, (514) 397-7000</font><br>
  </B><I>(Address of principal executive offices)</I></FONT></P>
</font>
<P ALIGN="LEFT">&nbsp;</P>
<blockquote>
  <p align="LEFT"><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2"> Indicate
    by check mark whether the Registrant files or will file annual reports under
    cover of Form 20-F or Form 40-F.</FONT></FONT> </P>
</blockquote>
<table width="80%" border="0" cellpadding="0" cellspacing="0">
  <tr>
    <td width="10%" align="right">&nbsp;</td>
    <td width="32%" align="right"><font face="Arial, Helvetica, sans-serif">Form
      20-F</font></td>
    <td width="8%"><font face="Arial, Helvetica, sans-serif"><br>
      </font>
      <hr align="left" width=100% size=1 noshade color=BLACK> </td>
    <td width="32%" align="right"><font face="Arial, Helvetica, sans-serif">Form
      40-F</font></td>
    <td width="9%" valign="bottom"><div align="center"><font face="Arial, Helvetica, sans-serif">X
        </font></div>
      <HR align="left" WIDTH=100% SIZE=1 NOSHADE COLOR=BLACK></td>
    <td width="9%" valign="bottom"> <div align="center"></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<blockquote>
  <p align="LEFT"><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2">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.</FONT></FONT>
  </p>
</blockquote>
<font face="Arial, Helvetica, sans-serif">
<!-- MARKER FORMAT-SHEET="Left Head Bold" -->
<A NAME="A006"></A> </font>
<table width="85%" border="0" cellpadding="0" cellspacing="0">
  <tr>
    <td width="20%" align="right">&nbsp;</td>
    <td width="18%" align="right"><font face="Arial, Helvetica, sans-serif">Yes</font></td>
    <td width="8%"><font face="Arial, Helvetica, sans-serif"><br>
      </font>
      <hr width=100% size=1 color=BLACK noshade> </td>
    <td width="27%" align="right"><font face="Arial, Helvetica, sans-serif">No</font></td>
    <td width="9%"> <div align="center"><font face="Arial, Helvetica, sans-serif">X
        </font></div>
      <HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></td>
    <td width="14%"> <div align="center"></div></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<table width="96%" border="0" cellpadding="0" cellspacing="0">
  <tr>
    <td width="75%"> <blockquote>
        <p><font size="2" face="Arial, Helvetica, sans-serif">If "Yes" is marked,
          indicate below the file number assigned to the Registrant in connection
          with Rule 12g3-2(b): 82-_____.</font></p>
      </blockquote></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<blockquote>
  <p align="justify"><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2">Notwithstanding
    any reference to BCE&#146;s Web site on the World Wide Web in the documents
    attached hereto, the information contained in BCE&#146;s site or any other
    site on the World Wide Web referred to in BCE&#146;s site is not a part of
    this Form 6-K and, therefore, is not filed with the Securities and Exchange
    Commission.</FONT></FONT> </p>
</blockquote>
<p>&nbsp;</p>
<hr width="100%" size=4 color=GRAY noshade>
<p>&nbsp;</p>
<p>&nbsp;</p>
<P align=center><img src="logo-2.jpg" width="226" height="78"> </P>
<DIV align=center><BR>
  <BR>
  <BR>
  <BR>
  <BR>
  <TABLE cellSpacing=0 cellPadding=5 width="50%" border=0>

      <TR>
        <TD bgColor=#0000ff> <P align=center><FONT color=#ffffff><B><I><FONT
      face="Arial, Helvetica, sans-serif" size=4>Fourth Quarter 2003</FONT></I></B>
            </FONT></P>
          <P align=center><FONT color=#ffffff size=4><B><I><FONT
      face="Arial, Helvetica, sans-serif">Supplementary Financial Information</FONT></I></B></FONT></P></TD>
      </TR>

  </TABLE>
</DIV>
<P align=center> </P>
<P><FONT face="Arial, Helvetica, sans-serif" size=2><BR>
  <BR>
  <BR>
  For further information,<BR>
  please contact:</FONT> </P>
<P><B><FONT face="Arial, Helvetica, sans-serif" size=2>BCE Investor Relations</FONT></B>
</P>
<P><FONT face="Arial, Helvetica, sans-serif" size=2>Sophie Argiriou<BR>
  (514) 786-8145<BR>
  </FONT><U><FONT face="Arial, Helvetica, sans-serif" color=#0000ff
size=2>sophie.argiriou@bell.ca</FONT></U> </P>
<P><FONT face="Arial, Helvetica, sans-serif" size=2>George Walker<BR>
  (514) 870-2488<BR>
  </FONT><U><FONT face="Arial, Helvetica, sans-serif" color=#0000ff
size=2>george.walker@bell.ca</FONT></U> </P>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 1</FONT> </P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><img src="logo-1.jpg" width="87" height="29"> </P>
<P align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT
face="Arial, Helvetica, sans-serif" size=1>BCE Consolidated </FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif"
size=1>(1)<BR>
  </FONT></SUP></B><B><FONT face="Arial, Helvetica, sans-serif"
size=1>Consolidated Operational Data </FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR vAlign=bottom>
      <TD><I><FONT face="Arial, Helvetica, sans-serif" size=1>($ millions, except
        per share amounts)</FONT></I></TD>
      <TD>&nbsp;</TD>
      <TD align=right><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4<BR>
        2003</FONT></B></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align=right><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4<BR>
        2002</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align=right><FONT face="Arial, Helvetica, sans-serif" size=1>$ change</FONT></TD>
      <TD>&nbsp;</TD>
      <TD align=right><FONT face="Arial, Helvetica, sans-serif" size=1>% change</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align=right><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2003</FONT></B></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align=right><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2002</FONT></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align=right><FONT face="Arial, Helvetica, sans-serif" size=1>$ change</FONT></TD>
      <TD>&nbsp;</TD>
      <TD align=right><FONT face="Arial, Helvetica, sans-serif" size=1>% change</FONT></TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=6> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Operating revenues</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,910</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5,045</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(135)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,056</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,186</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(130</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif" size=1>Operating
        expenses</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,056</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,238</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>182</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(11,630</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(11,831</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>201</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>EBITDA
        </FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2)</FONT></SUP></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,854</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,807</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,426</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,355</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>71</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Amortization expense</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(786</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(773</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(13)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,147</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,082</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(65</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif" size=1>Net benefit
        plans (cost) credit</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(46</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(54)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(175</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>33</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(208</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Restructuring and other charges</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(51</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(395</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>344</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>87.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(52</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(887</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>835</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>94.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Operating income</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>971</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>647</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>324</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>50.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,052</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,419</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>633</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif" size=1>Other income
        (expense)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>136</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,245</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,109)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(93.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>213</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,433</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,220</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(91.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Impairment charge</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(765</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>765</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(765</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>765</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif" size=1>Interest
        expense</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(263</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(341</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>78</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>22.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,093</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,124</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>31</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Earnings from continuing operations before</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;<B><FONT
      face="Arial, Helvetica, sans-serif" size=1>income taxes and non-controlling
        interest</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>844</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,786</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(942)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(52.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,172</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,963</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(791</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(20.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif" size=1>Income
        taxes</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(340</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(732</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>392</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>53.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,136</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,583</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>447</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>28.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Non-controlling interest</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(46</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(261</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>215</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>82.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(191</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(602</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>411</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>68.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Earnings from continuing operations</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>458</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>793</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(335)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(42.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,845</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,778</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>67</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Discontinued operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(58</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>919</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(977)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>629</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(659</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>400</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,712</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,312)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(76.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,815</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,407</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(592</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(24.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif" size=1>Dividends
        on preferred shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(14</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(64</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(59</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif" size=1>Premium
        on redemption of preferred shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(7</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings applicable to common shares</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>386</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,696</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,310)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(77.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,744</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,342</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(598</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(25.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=6> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings (loss) per common share - basic</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Continuing operations</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.48</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.87</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.39)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(44.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.93</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.00</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.07</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Discontinued operations</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.07</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.01</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.08)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.03</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.66</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.69</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net earnings</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.41</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.88</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.47)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(78.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.90</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.66</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.76</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(28.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings (loss) per common share - diluted</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Continuing operations</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.48</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.86</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.38)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(44.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.92</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.98</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.06</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Discontinued operations</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.07</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.99</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.06)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.03</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.64</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.67</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net earnings</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.41</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.85</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.44)</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(77.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.89</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.62</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.73</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(27.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Dividends per common share</FONT></B></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.30</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>-</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.20</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.20</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Average number of common shares outstanding - basic (millions)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>923.4</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>909.1</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>920.3</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>847.9</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=6> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=6> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>The
        following items are included in net earnings:</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net gains on sale of investments
        and dilution gains</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Continuing operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>84</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,230</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>84</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,353</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Discontinued operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(73</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>911</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(65</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>658</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Restructuring and other charges</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(251</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(24</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(504</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Impairment charge</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(527</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(527</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(19</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,363</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>980</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Impact
        on net earnings per share</FONT></B></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.01</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.49</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.02</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=6> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="38%"><FONT face="Arial, Helvetica, sans-serif" size=1>n.m. :
        not meaningful</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>

</TABLE>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 2</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><img src="logo-1.jpg" width="87" height="29"> </P>
<P align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT
face="Arial, Helvetica, sans-serif" size=1>BCE Consolidated </FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif"
size=1>(1)<BR>
  </FONT></SUP></B><B><FONT face="Arial, Helvetica, sans-serif"
size=1>Consolidated Operational Data - Historical Trend</FONT></B> </P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR vAlign=bottom>
      <TD width="20%"><I><FONT face="Arial, Helvetica, sans-serif" size=1>($ millions,
        except per share amounts)</FONT></I></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2003</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4 03</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q3 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q2 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q1 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2002</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q3 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q2 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q1 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=15> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Operating revenues</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,056</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,910</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,702</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,748</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,696</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,186</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5,045</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,677</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,797</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,667</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif" size=1>Operating
        expenses</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(11,630</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,056</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,803</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,848</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,923</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(11,831</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,238</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,792</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,898</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,903</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>EBITDA
        </FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2)</FONT></SUP></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,426</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,854</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,899</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,900</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,773</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,355</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,807</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,885</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,899</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,764</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Amortization expense</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,147</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(786</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(813</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(786</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(762</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,082</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(773</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(755</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(796</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(758</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif" size=1>Net benefit
        plans (cost) credit</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(175</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(46</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(44</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(43</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(42</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>33</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Restructuring and other charges</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(52</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(51</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(887</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(395</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(79</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(413</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Operating income</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,052</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>971</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,041</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,071</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>969</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,419</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>647</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,058</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>702</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,012</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif" size=1>Other income
        (expense)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>213</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>136</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>51</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,433</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,245</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>190</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Impairment charge</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(765</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(765</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif" size=1>Interest
        expense</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,093</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(263</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(267</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(285</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(278</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,124</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(341</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(280</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(253</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(250</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR vAlign=bottom>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Earnings from continuing<BR>
        &nbsp;&nbsp; operations before</FONT></B> <B><FONT face="Arial, Helvetica, sans-serif"
      size=1>income<BR>
        &nbsp;&nbsp; taxes and non-controlling<BR>
        &nbsp;&nbsp; interest</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,172</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>844</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>793</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>793</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>742</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,963</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,786</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>774</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>639</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>764</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif" size=1>Income
        taxes</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,136</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(340</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(285</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(271</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(240</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,583</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(732</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(304</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(244</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(303</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Non-controlling interest</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(191</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(46</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(50</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(57</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(38</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(602</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(261</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(117</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(104</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(120</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Earnings from continuing<BR>
        &nbsp;&nbsp; operations</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,845</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>458</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>458</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>465</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>464</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,778</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>793</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>353</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>291</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>341</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Discontinued operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(58</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>9</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>629</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>919</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(271</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(31</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,815</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>400</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>464</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>478</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>473</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,407</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,712</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>365</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>20</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>310</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif" size=1>Dividends
        on preferred shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(64</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(14</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(18</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(17</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(15</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(59</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(14</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(13</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="20%"><FONT face="Arial, Helvetica, sans-serif" size=1>Premium
        on redemption of preferred shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(7</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR vAlign=bottom>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings applicable to<BR>
        &nbsp;&nbsp; common shares</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,744</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>386</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>446</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>461</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>451</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,342</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,696</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>349</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>291</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=15> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings (loss) per common<BR>
        &nbsp;&nbsp; share - basic</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Continuing operations</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.93</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.48</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.48</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.49</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.48</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.00</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.87</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.39</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.34</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.40</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Discontinued operations</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.03</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.07</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.01</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.01</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.02</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.66</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.01</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.01</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.33</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.03</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net earnings</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.90</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.41</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.49</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.50</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.50</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.66</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.88</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.40</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.01</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.37</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings (loss) per common share - diluted</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Continuing operations</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.92</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.48</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.49</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.48</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.98</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.86</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.39</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.34</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.39</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Discontinued operations</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.03</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.07</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.01</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.01</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.02</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.64</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.99</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.01</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.33</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.03</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net earnings</FONT></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.89</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.41</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.48</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.50</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.50</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.62</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.85</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.40</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.01</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.36</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Dividends per common share</FONT></B></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.20</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.30</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.20</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR vAlign=bottom>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Average number of common<BR>
        &nbsp;&nbsp; shares outstanding - basic<BR>
        &nbsp;&nbsp;(millions)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>920.3</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>923.4</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>921.5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>919.3</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>917.1</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>847.9</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>909.1</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>864.1</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>808.7</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>808.6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=15> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=15> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>The
        following items are included<BR>
        &nbsp;&nbsp; in net earnings:</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net gains on sale of investments
        and dilution gains</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Continuing operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>84</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>84</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,353</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,230</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>111</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Discontinued operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(65</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(73</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>658</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>911</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(253</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Restructuring and other charges</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(24</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(504</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(251</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(37</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(216</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Impairment charge</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(527</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(527</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(19</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>980</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,363</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(25</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(358</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="20%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Impact
        on net earnings per share</FONT></B></TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.01</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.01</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.02</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.49</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.03</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.44</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=middle width="1%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=15> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=14> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>

</TABLE>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 3</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><i><font face="Arial, Helvetica, sans-serif" size=1><img src="logo-1.jpg" width="87" height="29"></font></i>
</P>
<P align=right><B><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Consolidated</FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif" size=1>
  (1) </FONT></SUP></B><B><FONT face="Arial, Helvetica, sans-serif"
size=1><BR>
  Segmented Data</FONT></B> </P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR vAlign=bottom>
      <TD width="44%"><I><FONT face="Arial, Helvetica, sans-serif" size=1>($ millions,
        except where otherwise indicated)</FONT></I></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4<BR>
        2003</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4<BR>
        2002</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$ change</FONT></TD>
      <TD align=right colSpan=2><FONT face="Arial, Helvetica, sans-serif"
      size=1>% change</FONT></TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2003</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2002</FONT></TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$ change</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>% change</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR bgColor=#cccccc>
      <TD width="44%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Revenues</FONT></B></TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Canada
        Segment</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,281</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,450</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(169</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>16,698</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>17,102</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(404</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Globemedia</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>375</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>379</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,363</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,290</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>73</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Advertising</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>283</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>284</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>978</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>913</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>65</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Subscriber</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>69</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>72</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(4.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>291</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>287</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Production and Sundry</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>23</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>23</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>94</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>90</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Emergis</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>77</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>86</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(10.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>316</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>346</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>eFinance Solutions</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>60</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>68</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(11.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>249</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>264</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(15</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>eHealth Solutions</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>17</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>67</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>82</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(15</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(18.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Ventures</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>316</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>282</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>34</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,218</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,064</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>154</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>CGI</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>211</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>185</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>26</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>849</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>709</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>140</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Telesat</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>99</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>95</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>345</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>327</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>24</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>28</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(14.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>Corporate
        and other (including inter-segment eliminations)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(139</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(152</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(539</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(616</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>77</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        revenues</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,910</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5,045</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(135</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,056</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,186</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(130</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR bgColor=#cccccc>
      <TD width="44%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>EBITDA</FONT></B></TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Canada
        Segment</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,731</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,690</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>41</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,001</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,079</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(78</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Canada
        (including Aliant)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,752</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,752</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,046</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,255</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(209</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell ExpressVu</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(21</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(62</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>41</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>66.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(45</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(176</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>131</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>74.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Globemedia</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>83</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>72</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>233</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>180</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>53</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>29.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Emergis</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(40.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>15</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(29</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Ventures</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>91</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>71</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>20</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>28.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>347</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>287</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>60</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>20.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>CGI</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>33</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>25</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>32.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>131</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>99</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>32</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>32.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Telesat</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>55</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>17.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>206</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>184</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>22</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>Corporate
        and other (including inter-segment eliminations)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(57</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(36</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(21</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(58.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(170</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(162</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(4.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        EBITDA</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,854</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,807</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,426</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,355</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>71</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>EBITDA
        margin (%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>37.8</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>35.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>39.0</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>EBITDA
        : Interest expense</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7.05</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5.30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.79</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.54</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR bgColor=#cccccc>
      <TD width="44%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings applicable to common shares</FONT></B></TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Canada
        Segment</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>493</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,360</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(867</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(63.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,773</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,334</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(561</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(24.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>&nbsp;&nbsp;&nbsp;Bell Canada (including Aliant)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>530</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,433</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(903</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(63.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,900</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,521</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(621</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(24.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>&nbsp;&nbsp;&nbsp;Bell ExpressVu</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(37</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(73</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>36</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>49.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(127</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(187</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>60</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>32.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Globemedia</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>39</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(493</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>532</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>51</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(492</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>543</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Emergis</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(27</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(29</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(26</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(93</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>67</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>72.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Ventures</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>28</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>31</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>135</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>129</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>CGI</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(14.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>55</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>27.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Telesat</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>11</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(42.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>68</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>56</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(18</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(60.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=16> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif" size=1>Corporate
        and other (including inter-segment eliminations)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(89</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(123</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>34</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>27.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(159</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(165</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="44%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Discontinued operations</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(58</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>919</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(977</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>629</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(659</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="44%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        net earnings applicable to common shares</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>386</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,696</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,310</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(77.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,744</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,342</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(598</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(25.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
    </TR>

</TABLE>
<BR>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR bgColor=#cccccc>
      <TD align=left> <P><B><FONT face="Arial, Helvetica, sans-serif" size=1>Proportionate
          EBITDA, net debt and preferreds</FONT></B> </P></TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%"><I><FONT face="Arial, Helvetica, sans-serif"
      size=1>As at December 31, 2003</FONT></I> </TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=middle colSpan=10><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Proportionate EBITDA</FONT></B></TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left colSpan=10> <HR noShade SIZE=1> </TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
    </TR>
    <TR vAlign=bottom align=right>
      <TD width="39%">&nbsp;</TD>
      <TD width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>BCE<BR>
        Ownership (%)</FONT></B></TD>
      <TD>&nbsp;</TD>
      <TD><B><FONT face="Arial, Helvetica, sans-serif" size=1>Q4 03</FONT></B></TD>
      <TD>&nbsp;</TD>
      <TD><B><FONT face="Arial, Helvetica, sans-serif" size=1>Q3 03</FONT></B></TD>
      <TD>&nbsp;</TD>
      <TD><B><FONT face="Arial, Helvetica, sans-serif" size=1>Q2 03</FONT></B></TD>
      <TD>&nbsp;</TD>
      <TD><B><FONT face="Arial, Helvetica, sans-serif" size=1>Q1 03</FONT></B></TD>
      <TD>&nbsp;</TD>
      <TD><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>12-Mth<BR>
        Trailing</FONT></B></TD>
      <TD>&nbsp;</TD>
      <TD width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Proportionate<BR>
        net debt and<BR>
        preferreds</FONT></B></TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;</TD>
      <TD align=right colSpan=11> <HR noShade SIZE=2> </TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right width="10%"> <HR noShade SIZE=2> </TD>
      <TD align=left>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Canada
        Segment</FONT></TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=right>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
      <TD align=left>&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Bell Canada (excl. Aliant &amp;
        ExpressVu)</FONT></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>100</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,535</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,593</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,536</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,507</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6,171</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10,969</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(a)</FONT></TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Aliant</FONT></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>53.5</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>116</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>125</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>125</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>103</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>469</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>437</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>ExpressVu</FONT></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>100</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(21</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(45</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(b)</FONT></TD>
    </TR>
    <TR>
      <TD width="39%">&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right colSpan=9> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="39%"><FONT face="Arial, Helvetica, sans-serif" size=1>Total Bell
        Canada Segment</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,630</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,709</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,652</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,604</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6,595</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11,403</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="39%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Globemedia</FONT></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>68.5</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>50</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>45</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>134</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>109</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="39%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Emergis</FONT></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>63.9</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(64</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="39%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Ventures</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>CGI</FONT></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>29.8</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>33</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>32</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>35</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>31</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>131</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>41</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Telesat</FONT></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>100</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>55</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>51</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>50</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>50</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>206</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>443</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other</FONT></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>100</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="39%"><FONT face="Arial, Helvetica, sans-serif" size=1>Total BCE
        Ventures</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>85</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>88</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>83</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>347</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>486</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="39%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Corporate</FONT></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>100</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(57</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(43</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(40</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(170</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Perpetual Preferred Shares</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,670</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Debt due within one year</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>351</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(c)</FONT></TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Long term debt</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,000</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>less:</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Cash and cash equivalents</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(133</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD align=left width="39%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Nortel common shares at market</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(77</FONT></TD>
      <TD align=left width="2%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="39%">&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="39%"><FONT face="Arial, Helvetica, sans-serif" size=1>Total Corporate</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,811</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="39%">&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right colSpan=9> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="39%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total</FONT></B></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,718</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,772</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,758</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,668</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6,916</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15,745</FONT></TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=15> <HR noShade SIZE=1> </TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="39%"><FONT face="Arial, Helvetica, sans-serif" size=1>n.m. :
        not meaningful</FONT></TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="5%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=right width="10%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
      <TD align=left width="2%">&nbsp;</TD>
    </TR>

</TABLE>
<TABLE cellSpacing=4 cellPadding=0 width="50%" border=0>

    <TR>
      <TD vAlign=top width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(a)</FONT></TD>
      <TD vAlign=top width="95%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Net of $498 million of intersegment debt.</FONT></TD>
    </TR>
    <TR>
      <TD vAlign=top width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(b)</FONT></TD>
      <TD vAlign=top width="95%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Net of $422 million of intersegment debt.</FONT></TD>
    </TR>
    <TR>
      <TD vAlign=top width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(c)</FONT></TD>
      <TD vAlign=top width="95%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Represents $351 million of retractable preferred shares</FONT></TD>
    </TR>

</TABLE>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 4</FONT> </P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><img src="logo-1.jpg" width="87" height="29"> </P>
<P align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT
face="Arial, Helvetica, sans-serif" size=1>BCE Consolidated </FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif" size=1>(1)
  </FONT></SUP></B><B><FONT face="Arial, Helvetica, sans-serif"
size=1><BR>
  Segmented Data - Historical Trend </FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD align=middle width="5%"><B></B></TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
    </TR>
    <TR vAlign=bottom>
      <TD width="30%"><I><FONT face="Arial, Helvetica, sans-serif" size=1>($ millions,
        except where otherwise indicated)</FONT></I></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2003</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4 03</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q3 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q2 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q1 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2002</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q3 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q2 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q1 02</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=10> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR bgColor=#cccccc>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Revenues</FONT></B></TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%" bgColor=#ffffff>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Canada
        Segment</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>16,698</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,281</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,169</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,145</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,103</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>17,102</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,450</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,219</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,276</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,157</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Globemedia</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,363</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>375</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>296</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>357</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>335</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,290</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>379</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>273</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>326</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>312</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Advertising</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>978</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>283</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>201</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>259</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>235</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>913</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>284</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>180</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>230</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>219</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Subscriber</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>291</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>69</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>73</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>75</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>74</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>287</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>72</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>72</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>70</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>73</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Production and Sundry</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>94</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>23</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>22</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>23</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>26</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>90</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>23</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>26</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>20</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Emergis</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>316</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>77</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>78</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>82</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>79</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>346</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>86</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>86</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>83</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>eFinance Solutions</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>249</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>60</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>63</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>64</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>62</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>264</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>68</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>65</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>66</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>65</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>eHealth Solutions</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>67</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>17</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>17</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>82</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>25</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Ventures</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,218</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>316</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>295</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>304</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>303</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,064</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>282</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>258</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>261</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>263</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>CGI</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>849</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>211</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>205</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>214</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>219</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>709</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>185</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>177</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>176</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>171</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Telesat</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>345</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>99</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>84</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>83</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>79</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>327</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>95</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>77</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>78</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>77</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>24</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>28</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Corporate
        and other (including inter-segment eliminations)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(539</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(139</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(136</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(140</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(124</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(616</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(152</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(159</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(157</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(148</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        revenues</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,056</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,910</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,702</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,748</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,696</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,186</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5,045</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,677</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,797</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,667</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>EBITDA</FONT></B></TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Canada
        Segment</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,001</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,731</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,817</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,760</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,693</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,079</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,690</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,849</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,816</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,724</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>&nbsp;&nbsp;&nbsp;Bell Canada (including Aliant)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,046</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,752</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,826</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,769</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,699</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,255</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,752</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,888</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,841</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,774</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>&nbsp;&nbsp;&nbsp;Bell ExpressVu</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(45</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(21</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(176</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(62</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(39</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(25</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(50</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Globemedia</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>233</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>83</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>36</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>77</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>37</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>180</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>72</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>17</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>58</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>33</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Emergis</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>15</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(29</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(33</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Ventures</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>347</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>91</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>85</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>88</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>83</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>287</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>71</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>66</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>73</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>77</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>CGI</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>131</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>33</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>32</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>35</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>31</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>99</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>25</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>28</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>25</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Telesat</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>206</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>55</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>51</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>50</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>50</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>184</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>46</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Corporate
        and other (including inter-segment eliminations)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(170</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(57</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(43</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(40</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(162</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(36</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(44</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(45</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(37</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        EBITDA</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,426</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,854</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,899</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,900</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,773</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,355</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,807</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,885</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,899</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,764</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>EBITDA
        margin (%)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>39.0</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>37.8</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>40.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>40.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>37.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>35.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>40.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>39.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>37.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>EBITDA
        : Interest expense</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.79</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7.05</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7.11</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.67</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.38</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.54</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5.30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.73</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7.51</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7.06</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Net earnings applicable to common
        shares</FONT></B></TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Canada
        Segment</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,773</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>493</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>439</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>415</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>426</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,334</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,360</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>325</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>340</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>309</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>&nbsp;&nbsp;&nbsp;Bell Canada (including Aliant)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,900</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>530</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>471</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>446</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>453</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,521</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,433</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>357</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>375</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>356</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>&nbsp;&nbsp;&nbsp;Bell ExpressVu</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(127</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(37</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(32</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(31</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(27</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(187</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(73</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(32</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(35</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(47</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Globemedia</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>51</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>39</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(492</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(493</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(11</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Emergis</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(26</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(27</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(93</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(73</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(24</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Ventures</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>135</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>28</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>39</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>129</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>31</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>59</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>24</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>CGI</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>55</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Telesat</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>68</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>11</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>22</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>20</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>56</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>16</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>30</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>32</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=20> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Corporate
        and other (including inter-segment eliminations)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(159</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(89</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(33</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(18</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(19</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(165</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(123</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(60</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Discontinued operations</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(58</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>9</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>629</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>919</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(271</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(31</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        net earnings applicable to common shares</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,744</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>386</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>446</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>461</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>451</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,342</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,696</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>349</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>291</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR color=#000000 noShade SIZE=1> <HR style="MARGIN-TOP: -12px" color=#000000 noShade SIZE=1>
      </TD>
      <TD>&nbsp;</TD>
    </TR>

</TABLE>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 5</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><img src="logo-1.jpg" width="87" height="29"> </P>
<P align=right>&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT
face="Arial, Helvetica, sans-serif" size=1>BCE Consolidated </FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif" size=1>(1)
  </FONT></SUP></B><B><FONT face="Arial, Helvetica, sans-serif"
size=1><BR>
  Consolidated Balance Sheet Data </FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR vAlign=bottom>
      <TD align=left width="74%"><I><FONT face="Arial, Helvetica, sans-serif"
      size=1>($ millions, except where otherwise indicated)</FONT></I></TD>
      <TD align=middle width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>December 31<BR>
        2003</FONT></B></TD>
      <TD align=middle width="3%">&nbsp;</TD>
      <TD align=middle width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>December 31<BR>
        2002</FONT></TD>
      <TD align=middle width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"> <HR noShade SIZE=2> </TD>
      <TD width="10%"> <HR noShade SIZE=2> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=2> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><I><FONT face="Arial, Helvetica, sans-serif"
      size=1>ASSETS</FONT></I></B></TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Current assets</FONT></B></TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Cash and cash equivalents</FONT></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>714</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>263</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Accounts receivable</FONT></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,077</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,181</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other current assets</FONT></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>745</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>731</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Current assets of discontinued
        operations</FONT></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>45</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>257</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        current assets</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,581</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,432</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Capital assets</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>21,189</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>20,380</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Other
        long-term assets</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,550</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,789</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Indefinite-life intangible assets</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,910</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>900</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Goodwill</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,825</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>9,471</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Non-current assets of discontinued operations</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>276</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,134</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        assets</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>39,331</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>39,106</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"> <HR noShade SIZE=1> </TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><I><FONT face="Arial, Helvetica, sans-serif"
      size=1>LIABILITIES</FONT></I></B></TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Current liabilities</FONT></B></TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Accounts payable and accrued
        liabilities</FONT></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,691</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,712</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Debt due within one year</FONT></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,537</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,957</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Current liabilities of discontinued
        operations</FONT></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>27</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>191</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        current liabilities</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>5,255</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5,860</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Long-term debt</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>12,393</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,117</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Other
        long-term liabilities</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,699</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,650</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Non-current liabilities of discontinued operations</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>280</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        liabilities</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>22,348</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>22,907</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Non-controlling interest</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,403</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,584</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><I><FONT face="Arial, Helvetica, sans-serif"
      size=1>SHAREHOLDERS' EQUITY</FONT></I></B></TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Preferred shares</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,670</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,510</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Common
        shareholders' equity</FONT></B></TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Common shares</FONT></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>16,749</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>16,520</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Contributed surplus</FONT></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,037</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,010</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Deficit</FONT></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5,830</FONT></B></TD>
      <TD width="3%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6,435</FONT></TD>
      <TD width="3%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Currency translation adjustment</FONT></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(46</FONT></B></TD>
      <TD width="3%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        common shareholders' equity</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>11,910</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11,105</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        shareholders' equity</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,580</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12,615</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%"> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Total
        liabilities and shareholders' equity</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>39,331</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>39,106</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=2> </TD>
      <TD> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Number
        of common shares outstanding</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>924.0</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>915.9</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=2> </TD>
      <TD> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Capital Structure</FONT></B></TD>
      <TD width="10%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="3%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="10%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
      <TD width="10%">&nbsp;</TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        debt : Total Capitalization</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>43.8</FONT></B></TD>
      <TD width="3%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>48.4</FONT></TD>
      <TD width="3%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="74%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        debt : Trailing 12 month EBITDA</FONT></B></TD>
      <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.78</FONT></B></TD>
      <TD width="3%">&nbsp;</TD>
      <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.06</FONT></TD>
      <TD width="3%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD width="3%">&nbsp;</TD>
    </TR>

</TABLE>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 6</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><img src="logo-1.jpg" width="87" height="29"> </P>
<P align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT
face="Arial, Helvetica, sans-serif" size=1>BCE Consolidated </FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif" size=1>(1)
  </FONT></SUP></B><B><FONT face="Arial, Helvetica, sans-serif"
size=1><BR>
  Consolidated Cash Flow Data</FONT></B> </P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR>
      <TD width="52%"><I><FONT face="Arial, Helvetica, sans-serif" size=1>($ millions,
        except where otherwise indicated)</FONT></I></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4<BR>
        2003</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4<BR>
        2002</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$ change</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2003</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2002</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=middle width="1%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$ change</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=6> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Cash
        flows from operating activities</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Earnings from continuing operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>458</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>793</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(335</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,845</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,778</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>67</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Adjustments to reconcile earnings
        from continuing</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>operations to cash flows from
        operating activities:</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Amortization expense</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>786</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>773</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,147</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,082</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>65</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net benefit plans cost (credit)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>46</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>54</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>175</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(33</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>208</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Restructuring and other charges
        (non-cash portion)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>49</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>333</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(284</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>805</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(761</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD
      width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Impairment charge</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>765</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(765</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>765</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(765</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD
      width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net gains on investments</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(101</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,254</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,153</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(76</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,414</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,338</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Future income taxes</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>217</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>570</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(353</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>433</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>518</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(85</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD
      width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Non-controlling interest</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>46</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>261</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(215</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>191</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>602</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(411</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD
      width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Contributions to employee benefit
        plans and other</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>benefit plan payments</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(110</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(29</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(81</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(247</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(97</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(150</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD
      width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other items</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(31</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>46</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(77</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(90</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(12</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(78</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD
      width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Change in non-cash working capital</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>250</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(112</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>362</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>593</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(616</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,209</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,610</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,138</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>472</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6,015</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,378</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,637</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=6> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Capital expenditures</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,083</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,066</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(17</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,179</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,731</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>552</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other items</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(7</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>64</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>51</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Cash preferred dividends and
        cash dividends paid by subsidiaries</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>to non-controlling interest</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(69</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(160</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(245</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(511</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>266</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=6> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Free
        Cash Flow from operations, before common dividends </FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2)</FONT></SUP></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>451</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(89</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>540</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,655</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>149</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,506</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Cash common dividends</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(259</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(271</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,029</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(999</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Free
        Cash Flow from operations, after common dividends </FONT></B><B><SUP><FONT
      face="Arial, Helvetica, sans-serif" size=1>(2)</FONT></SUP></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>192</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(360</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>552</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,626</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(850</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,476</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Business acquisitions</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(42</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5,078</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5,036</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(119</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6,471</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6,352</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Business dispositions</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,758</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,758</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>55</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,190</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,135</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Decrease (increase) in investments
        accounted for under the cost</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>and equity methods</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>151</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(13</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>164</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>164</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(86</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>250</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Free
        Cash Flow after investments and divestitures</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>301</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,693</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,994</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,726</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(4,217</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5,943</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Other
        financing activities</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Decrease in notes payable and
        bank advances</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(53</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(633</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>580</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(295</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(213</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(82</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Issue of long-term debt</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>105</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,509</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,404</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,986</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,908</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,922</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Repayment of long-term debt</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,538</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,068</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>530</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,515</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,720</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(795</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Issue of common shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>303</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(298</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>19</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,693</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,674</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Issue of preferred shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>510</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>510</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Redemption of preferred shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(357</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(306</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(51</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Costs relating to the issuance
        of common shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(78</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>78</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Issue of equity securities and
        convertible debentures by</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>subsidiaries to non-controlling
        interest</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>19</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>130</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>93</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>37</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Redemption of equity securities
        by subsidiaries</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(34</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(34</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(108</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(108</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other items</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(42</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(33</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(44</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(44</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,538</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>106</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,644</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,674</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,843</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6,517</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=6> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cash provided
        by (used in) continuing operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,237</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,587</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,350</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>52</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>626</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(574</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cash provided
        by (used in) discontinued operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>342</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>23</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>319</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>364</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(889</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,253</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Net increase
        (decrease) in cash and cash equivalents</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(895</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,564</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,669</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>416</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(263</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>679</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cash and
        cash equivalents at beginning of period</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,617</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,870</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,253</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>569</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(263</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Cash
        and cash equivalents at end of period</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>722</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>416</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>722</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>416</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Consists of:</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Cash and cash equivalents of
        continuing operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>714</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>263</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>451</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>714</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>263</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>451</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Cash and cash equivalents of
        discontinued operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(35</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(35</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=5> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Total</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>722</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>416</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>722</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>416</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=6> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=2> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Other information</FONT></B></TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Capital
        expenditures as a percentage of revenues</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>22.1</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=middle width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.0) pts</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>16.7</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cash flow
        per share </FONT><SUP><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3)</FONT></SUP></TD>
      <TD width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.57</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.08</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.49</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3.08</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.76</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.32</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Annualized cash flow yield </FONT><SUP><FONT
      face="Arial, Helvetica, sans-serif" size=1>(4)</FONT></SUP></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.8</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>9.9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>9.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Common
        dividend payout</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>67.1</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>16.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>51.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>59.0</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>42.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>16.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
    </TR>

</TABLE>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 7</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><img src="logo-1.jpg" width="87" height="29"></P>
<P align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT
face="Arial, Helvetica, sans-serif" size=1>BCE Consolidated </FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif" size=1>(1)
  </FONT></SUP></B><B><FONT face="Arial, Helvetica, sans-serif"
size=1><BR>
  Consolidated Cash Flow Data - Historical Trend </FONT></B></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR vAlign=bottom>
      <TD width="30%"><I><FONT face="Arial, Helvetica, sans-serif" size=1>($ millions,
        except where otherwise indicated)</FONT></I></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"> <P><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total</FONT></B><B><FONT face="Arial, Helvetica, sans-serif"
      size=1><BR>
          2003</FONT></B></P></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4 03</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q3 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q2 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q1 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total</FONT></B><B><FONT face="Arial, Helvetica, sans-serif"
      size=1><BR>
        2002</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q3 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q2 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q1 02</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD colSpan=19> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Cash
        flows from operating activities</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Earnings from continuing operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,845</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>458</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>458</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>465</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>464</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,778</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>793</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>353</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>291</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>341</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Adjustments to reconcile earnings
        from continuing</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>operations to cash flows from
        operating activities:</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Amortization expense</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,147</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>786</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>813</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>786</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>762</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,082</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>773</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>755</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>796</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>758</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net benefit plans cost (credit)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>175</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>46</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>42</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(33</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(12</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Restructuring and other charges
        (non-cash<BR>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        portion)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>49</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>805</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>333</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>67</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>405</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Impairment charge</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>765</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>765</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net gains on investments</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(76</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(101</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>25</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,414</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,254</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(12</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(148</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Future income taxes</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>433</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>217</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>134</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>102</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(20</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>518</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>570</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>103</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(136</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(19</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Non-controlling interest</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>191</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>46</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>50</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>57</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>602</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>261</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>117</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>104</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>120</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Contributions to employee benefit
        plans and </FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<font
      face="Arial, Helvetica, sans-serif" size=1>other </font><FONT
      face="Arial, Helvetica, sans-serif" size=1>benefit plan payments</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(247</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(110</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(68</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(42</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(27</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(97</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(29</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(24</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(22</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(22</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other items</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(90</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(31</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(12</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(91</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(12</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>46</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(55</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Change in non-cash working capital</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>593</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>250</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>429</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>60</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(146</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(616</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(112</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>145</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(88</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(561</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD colSpan=28> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6,015</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,610</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,868</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,380</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,157</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,378</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,138</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,442</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,174</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>624</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD colSpan=19> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Capital expenditures</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,179</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,083</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(794</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(708</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(594</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,731</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,066</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(896</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(924</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(845</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other items</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>64</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(7</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>156</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(45</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(40</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>26</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(27</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Cash preferred dividends and
        cash dividends paid </FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>by subsidiaries to non-controlling
        interest</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(245</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(69</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(52</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(69</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(55</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(511</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(160</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(146</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(127</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(78</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD colSpan=19> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Free
        Cash Flow from operations, before common dividends</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,655</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>451</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,178</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>558</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>468</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>149</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(89</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>426</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>138</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(326</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Cash common dividends</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,029</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(259</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(259</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(254</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(257</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(999</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(271</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(243</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(242</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(243</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=28> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Free
        Cash Flow from operations, after common dividends </FONT></B><B><SUP><FONT
      face="Arial, Helvetica, sans-serif" size=1>(2)</FONT></SUP></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,626</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>192</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>919</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>304</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>211</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(850</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(360</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>183</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(104</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(569</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Business acquisitions</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(119</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(42</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(63</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6,471</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5,078</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,378</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(15</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Business dispositions</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>55</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>55</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,190</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,758</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>126</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Decrease (increase) in investments
        accounted for</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>under the</FONT> <FONT
      face="Arial, Helvetica, sans-serif" size=1>cost and equity methods</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>164</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>151</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(86</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(13</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(57</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=28> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Free
        Cash Flow after investments and divestitures</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,726</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>301</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>974</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>296</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>155</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(4,217</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,693</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,203</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>194</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(515</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=28> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Other
        financing activities</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Decrease in notes payable and
        bank advances</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(295</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(53</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(73</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(56</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(113</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(213</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(633</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(58</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>600</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(122</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Issue of long-term debt</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,986</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>105</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>17</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>72</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,792</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,908</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,509</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,104</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,252</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Repayment of long-term debt</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3,515</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,538</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(147</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,464</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(366</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,720</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,068</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(291</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(261</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(100</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Issue of common shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>19</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,693</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>303</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,381</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Issue of preferred shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>510</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>510</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>510</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>510</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Redemption of preferred shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(357</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(357</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(306</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(306</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Costs relating to the issuance
        of common shares</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(78</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(78</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Issue of equity securities and
        convertible debentures by</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD
      width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>subsidiaries to non-controlling
        interest</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>130</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>19</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>24</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>73</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>93</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Redemption of equity securities
        by subsidiaries</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(108</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(34</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(39</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(19</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other items</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(44</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(42</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>56</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(56</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(44</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(39</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=28> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,674</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,538</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(157</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,502</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,523</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,843</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>106</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,063</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>437</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,237</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"> <HR noShade SIZE=1> </TD>
      <TD width="1%"> <HR noShade SIZE=1> </TD>
      <TD width="4%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"> <HR noShade SIZE=1> </TD>
      <TD width="4%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"> <HR noShade SIZE=1> </TD>
      <TD width="4%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"> <HR noShade SIZE=1> </TD>
      <TD width="4%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"> <HR noShade SIZE=1> </TD>
      <TD width="4%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"> <HR noShade SIZE=1> </TD>
      <TD width="4%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"> <HR noShade SIZE=1> </TD>
      <TD width="4%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"> <HR noShade SIZE=1> </TD>
      <TD width="4%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"> <HR noShade SIZE=1> </TD>
      <TD width="4%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"> <HR noShade SIZE=1> </TD>
      <TD width="4%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cash provided
        by (used in) continuing operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>52</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,237</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>817</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,206</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,678</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>626</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,587</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,860</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>631</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>722</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cash (provided
        by) used in discontinued operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>364</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>342</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(889</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>23</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>20</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(533</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(399</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=28> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Net increase
        (decrease) in cash and cash equivalents</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>416</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(895</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>821</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,192</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,682</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(263</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,564</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,880</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>98</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>323</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cash and
        cash equivalents at beginning of period</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,617</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>796</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,988</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>569</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,870</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>990</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>892</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>569</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=28> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Cash
        and cash equivalents at end of period</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>722</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>722</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,617</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>796</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,988</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,870</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>990</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>892</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=28> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Consists of:</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Cash and cash equivalents of
        continuing<br>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>714</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>714</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,552</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>735</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,941</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>263</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>263</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,850</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>990</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>359</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Cash and cash equivalents of
        discontinued<BR>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
        operations</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>65</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>61</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>20</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>533</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=28> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Total</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>722</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>722</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,617</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>796</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,988</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>306</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,870</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>990</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>892</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD colSpan=28> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Other information</FONT></B></TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="1%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Capital
        expenditures as a percentage of revenues</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>16.7</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>22.1</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>16.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cash flow
        per share </FONT><SUP><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3)</FONT></SUP></TD>
      <TD width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3.08</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>$</FONT></B></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.57</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.17</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.73</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.61</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.76</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.08</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.63</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.31</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%"><FONT face="Arial, Helvetica, sans-serif"
size=1>$</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.27</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Annualized cash flow yield </FONT><SUP><FONT
      face="Arial, Helvetica, sans-serif" size=1>(4)</FONT></SUP></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>9.9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.8</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>17.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Common
        dividend payout</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>59.0</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>67.1</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>58.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>55.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>57.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>42.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>16.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>69.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="4%"><div align="right"><FONT face="Arial, Helvetica, sans-serif"
    size=1>n.m.</FONT></div></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>83.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD colSpan=28> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>

</TABLE>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 8</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><img src="logo-1.jpg" width="87" height="29"> </P>
<P align=right><B><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Canada
  Segment</FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif" size=1>
  (1) </FONT></SUP></B><B><FONT face="Arial, Helvetica, sans-serif"
size=1><BR>
  Operational Data</FONT></B> </P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR vAlign=bottom>
      <TD width="22%"><I><FONT face="Arial, Helvetica, sans-serif" size=1>($ millions,
        except where otherwise indicated)</FONT></I></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4<BR>
        2003</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4<BR>
        2002</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$ change</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>% change</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2003</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2002</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>$ change</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>% change</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Revenues</FONT></B></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Local and
        access</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,563</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,564</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6,105</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6,129</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(24</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Long distance</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>602</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>635</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(33</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,487</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,579</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(92</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Wireless</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>674</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>581</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>93</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>16.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,526</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,203</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>323</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Data</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>972</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,024</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(52</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,791</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,770</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell ExpressVu</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>201</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>176</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>25</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>761</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>638</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>123</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Terminal
        sales and other</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>269</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>379</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(110</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(29.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,028</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,282</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(254</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(19.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Directory
        advertising</FONT></TD>
      <TD align=right width="7%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(91</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>501</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(501</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,281</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,450</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(169</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>16,698</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>17,102</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(404</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Cash
        operating expenses</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,550</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,760</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>210</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9,697</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(10,023</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>326</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>EBITDA</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,731</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,690</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>41</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,001</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,079</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(78</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Bell Canada (including Aliant)</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,752</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,752</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,046</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,255</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(209</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Bell ExpressVu</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(21</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(62</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>41</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>66.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(45</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(176</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>131</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>74.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>EBITDA
        margin (%)</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>40.4</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>41.9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>41.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Amortization expense</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(742</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(734</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,970</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,894</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(76</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Net benefit
        plans (cost) credit</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(46</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>9</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(55</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(181</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(219</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Restructuring and other charges</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(13</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(302</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>289</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>95.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(14</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(675</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>661</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>97.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Operating income</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>930</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>663</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>267</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>40.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,836</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,548</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>288</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Interest
        expense</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(231</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(293</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>62</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(945</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,108</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>163</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Other income
        (expense)</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>134</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,284</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,150</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(94.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>194</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,434</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,240</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(92.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Impairment charge</FONT></TD>
      <TD align=right width="7%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(50</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>50</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(50</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>50</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Earnings before income taxes and</FONT></B></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;&nbsp;&nbsp;<B><FONT
      face="Arial, Helvetica, sans-serif" size=1>non-controlling interest</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>833</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,604</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,771</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(68.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,085</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,824</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,739</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(36.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Income
        taxes</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(316</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(766</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>450</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>58.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,127</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,609</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>482</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>30.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Non-controlling interest</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(15</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(20</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>25.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(102</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(101</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Earnings from continuing operations</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>502</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,818</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,316</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(72.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,856</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,114</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,258</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(40.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Discontinued operations</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>53</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>56</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>59</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>45</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>555</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,815</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,260</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(69.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,915</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,128</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,213</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(38.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Dividends
        on preferred shares</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(15</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>40.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(58</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(63</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Interest
        on equity settled notes</FONT></TD>
      <TD align=right width="7%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(15</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(25</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(59</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>34</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>57.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings applicable to common shares</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>546</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,785</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,239</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(69.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,832</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,006</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,174</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(39.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>The
        following items are included in net earnings:</FONT></B></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net gains on sale of investments
        and<BR>
        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; dilution gains</FONT></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Continuing operations</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>86</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,655</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>92</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,848</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Discontinued operations</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>48</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>56</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Restructuring and other charges</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(190</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(426</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Impairment charge</FONT></TD>
      <TD align=right width="7%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(26</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(26</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other</FONT></TD>
      <TD align=right width="7%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(18</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;</TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>125</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,433</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>139</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,383</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Other information</FONT></B></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Capital
        expenditures</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>991</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>974</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(17</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,892</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,390</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>498</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR vAlign=bottom>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Capital
        expenditures as a percentage of<BR>
        &nbsp;&nbsp;&nbsp; revenues (%)</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>23.1</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.2) pts</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>17.3</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
    </TR>
    <TR>
      <TD width="22%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="7%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Net debt and preferreds</FONT></B></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR vAlign=bottom>
      <TD width="22%"><I><FONT face="Arial, Helvetica, sans-serif" size=1>At December
        31, 2003</FONT></I></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Bell<BR>
        Canada</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Aliant</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Bell<BR>
        ExpressVu</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Bell<BR>
        Canada<BR>
        Consolidated</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Inter-<BR>
        company<BR>
        eliminations</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Bell<BR>
        Canada<BR>
        Segment</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=12> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bank indebtedness
        / (cash and cash equivalents)</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(365</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(398</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="9%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(398</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Long term
        debt</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>8,743</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>889</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>392</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>10,024</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(392</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>9,632</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Debt due
        within one year</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,015</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>120</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>30</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,165</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(30</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,135</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Long-term
        note receivable from BCH</FONT></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(498</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="7%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(498</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>498</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>PPA fair
        value increment </FONT><SUP><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5)</FONT></SUP></TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>141</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=7> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        debt</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>9,230</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>644</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>419</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>10,293</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>76</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>10,510</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Preferred
        shares - Bell Canada </FONT><SUP><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6)</FONT></SUP></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,100</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,100</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,100</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><FONT face="Arial, Helvetica, sans-serif" size=1>Preferred
        shares - Aliant </FONT><SUP><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6)</FONT></SUP></TD>
      <TD align=right width="7%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>172</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="9%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>172</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>172</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%">&nbsp;</TD>
      <TD colSpan=7> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="22%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        debt and preferreds</FONT></B></TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>10,330</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>816</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>419</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>11,565</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="9%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>76</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="7%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>11,782</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="7%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=12> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
    </TR>

</TABLE>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 9</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><img src="logo-1.jpg" width="87" height="29"> </P>
<P align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT
face="Arial, Helvetica, sans-serif" size=1>Bell Canada Segment </FONT></B><B><SUP><FONT face="Arial, Helvetica, sans-serif" size=1>(1)
  </FONT></SUP></B><B><FONT face="Arial, Helvetica, sans-serif"
size=1><BR>
  Operational Data - Historical Trend</FONT></B> </P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="5%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD vAlign=bottom align=left width="30%"><I><FONT
      face="Arial, Helvetica, sans-serif" size=1>($ millions, except where otherwise
        indicated)</FONT></I></TD>
      <TD vAlign=bottom align=right width="5%"><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Total<BR>
        2003</FONT></B></TD>
      <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
      <TD vAlign=bottom align=right width="5%"><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Q4 03</FONT></B></TD>
      <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
      <TD vAlign=bottom align=right width="5%"><FONT
      face="Arial, Helvetica, sans-serif" size=1>Q3 03</FONT></TD>
      <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
      <TD vAlign=bottom align=right width="5%"><FONT
      face="Arial, Helvetica, sans-serif" size=1>Q2 03</FONT></TD>
      <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
      <TD vAlign=bottom align=right width="5%"><FONT
      face="Arial, Helvetica, sans-serif" size=1>Q1 03</FONT></TD>
      <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
      <TD vAlign=bottom align=right width="5%"><FONT
      face="Arial, Helvetica, sans-serif" size=1>Total<BR>
        2002</FONT></TD>
      <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
      <TD vAlign=bottom align=right width="5%"><FONT
      face="Arial, Helvetica, sans-serif" size=1>Q4 02</FONT></TD>
      <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
      <TD vAlign=bottom align=right width="5%"><FONT
      face="Arial, Helvetica, sans-serif" size=1>Q3 02</FONT></TD>
      <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
      <TD vAlign=bottom align=right width="5%"><FONT
      face="Arial, Helvetica, sans-serif" size=1>Q2 02</FONT></TD>
      <TD vAlign=bottom align=right width="2%">&nbsp;</TD>
      <TD vAlign=bottom align=right width="5%"><FONT
      face="Arial, Helvetica, sans-serif" size=1>Q1 02</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"> <HR noShade SIZE=1> </TD>
      <TD width="5%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="5%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="5%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="5%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="5%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="5%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="5%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="5%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="5%"> <HR noShade SIZE=1> </TD>
      <TD width="2%"> <HR noShade SIZE=1> </TD>
      <TD width="5%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Revenues</FONT></B></TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Local and
        access</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>6,105</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,563</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,530</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,512</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,500</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6,129</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,564</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,519</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,527</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,519</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Long distance</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,487</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>602</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>631</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>608</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>646</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,579</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>635</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>651</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>645</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>648</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Wireless</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,526</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>674</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>661</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>621</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>570</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,203</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>581</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>570</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>548</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>504</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Data</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,791</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>972</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>931</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>955</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>933</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,770</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,024</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>908</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>933</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>905</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Bell ExpressVu</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>761</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>201</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>192</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>191</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>177</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>638</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>176</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>156</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>155</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>151</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Terminal
        sales and other</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,028</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>269</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>224</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>258</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>277</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,282</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>379</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>275</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>330</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>298</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Directory
        advertising</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>501</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>140</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>138</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>132</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=19> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>16,698</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,281</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,169</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,145</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,103</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>17,102</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,450</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,219</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,276</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,157</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Cash
        operating expenses</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9,697</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,550</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,352</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,385</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,410</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(10,023</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,760</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,370</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,460</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,433</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=19> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>EBITDA</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,001</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,731</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,817</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,760</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,693</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,079</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,690</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,849</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,816</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,724</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Bell Canada (including Aliant)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,046</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,752</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,826</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,769</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,699</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>7,255</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,752</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,888</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,841</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,774</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Bell ExpressVu</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(45</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(21</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(176</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(62</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(39</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(25</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(50</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>EBITDA
        margin (%)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>41.9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>40.4</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>42.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>41.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>41.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>42.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>41.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Amortization expense</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,970</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(742</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(758</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(747</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(723</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(2,894</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(734</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(711</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(746</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(703</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Net benefit
        plans (cost) credit</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(181</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(46</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(46</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(45</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(44</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>9</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Restructuring and other charges</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(14</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(13</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(675</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(302</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(79</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(294</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=19> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Operating income</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,836</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>930</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,012</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>968</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>926</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,548</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>663</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,069</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>787</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,029</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Interest
        expense</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(945</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(231</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(239</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(232</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(243</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,108</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(293</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(282</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(266</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(267</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Other income
        (expense)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>194</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>134</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,434</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,284</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(32</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>190</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Impairment charge</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(50</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(50</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=19> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Earnings before income taxes and</FONT></B></TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<B><FONT
      face="Arial, Helvetica, sans-serif" size=1>non-controlling interest</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,085</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>833</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>776</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>749</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>727</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,824</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,604</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>755</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>711</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>754</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Income
        taxes</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,127</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(316</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(291</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(273</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(247</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1,609</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(766</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(300</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(242</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(301</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Non-controlling interest</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(102</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(15</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(29</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(35</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(23</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(101</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(20</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(36</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(21</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(24</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=19> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Earnings from continuing operations</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,856</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>502</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>456</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>441</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>457</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,114</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,818</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>419</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>448</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>429</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Discontinued operations</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>59</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>53</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=19> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,915</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>555</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>456</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>446</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>458</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,128</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,815</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>418</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>461</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>434</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Dividends
        on preferred shares</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(58</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(17</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(63</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(15</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Interest
        on equity settled notes</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(25</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(10</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(15</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(59</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(15</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(14</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(16</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(14</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>)</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=19> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Net
        earnings applicable to common shares</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,832</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>546</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>439</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>420</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>427</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,006</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,785</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>388</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>429</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>404</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>The
        following items are included in net earnings:</FONT></B></TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Net gains on sale of investments
        and dilution gains</FONT></TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Continuing operations</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>92</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>86</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,848</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,655</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>193</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Discontinued operations</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>56</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>48</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Restructuring and other charges</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>)</FONT></B></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(426</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(190</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(45</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(191</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Impairment charge</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(26</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(26</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Other</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(18</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(18</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD colSpan=19> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>139</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>125</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,383</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,433</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(45</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="5%">-</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Other information</FONT></B></TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="5%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Capital
        expenditures</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,892</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>991</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>708</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>659</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>534</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,390</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>974</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>831</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>824</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>761</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="30%"><FONT face="Arial, Helvetica, sans-serif" size=1>Capital
        expenditures as a percentage of revenues (%)</FONT></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>17.3</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="5%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>23.1</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>17.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="5%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
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      <TD>&nbsp;</TD>
    </TR>

</TABLE>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 10</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><b><font face="Arial, Helvetica, sans-serif" size=1><img src="logo-1.jpg" width="87" height="29"></font></b>
</P>
<P align=right><B><FONT face="Arial, Helvetica, sans-serif" size=1>Bell Canada
  Segment<BR>
  Statistical Data*</FONT></B> </P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4<BR>
        2003</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4<BR>
        2002</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>% change</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2003</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2002</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>% change</FONT></TD>
      <TD align=middle width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=4> <HR noShade SIZE=2> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%"> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Wireline</FONT></B></TD>
      <TD align=middle width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Local</FONT></B></TD>
      <TD align=middle width="6%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="6%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="6%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="6%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="6%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="6%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Network
        access services (k)</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Residential</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>8,511</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8,573</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Business</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,540</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,581</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Total network
        access services</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,051</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,154</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Estimated
        percentage of wireline NAS - Ontario and Quebec<SUP>(7)</SUP></FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Residential</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>96.9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>97.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.0)pts</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Business</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>90.4</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.9)pts</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Total estimated
        percentage of wireline NAS</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>94.6</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>95.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.9)pts</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>SmartTouch feature revenues ($M)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>233</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>231</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>931</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>923</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Long
        Distance (LD)</FONT></B></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Conversation minutes (M)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,685</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5,000</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(6.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,132</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,034</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Average
        revenue per minute ($)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.122</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.120</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.124</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.126</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(1.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Estimated
        percentage of traditional wireline LD revenues - Ontario and Quebec </FONT><SUP><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8)</FONT></SUP></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>62.9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>63.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.1) pts</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Data</FONT></B></TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Data revenues
        ($M)<SUP>(9)</SUP></FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Legacy</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>387</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>486</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(20.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,644</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,864</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(11.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Non-Legacy</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>585</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>538</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,147</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,906</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>972</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,024</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,791</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,770</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Equivalent access lines <SUP>(10) </SUP>(k) - Bell Canada only</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Digital
        equivalent access lines</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,867</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,683</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Broadband
        equivalent access lines</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>16,651</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12,568</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>32.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Internet
        subscribers <SUP>(11)</SUP> (k)</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>DSL High
        Speed Internet subscribers (k)</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,482</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,110</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>33.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Dial-up
        Internet subscribers (k)</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>869</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>957</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,351</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,067</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Wireless</FONT></B></TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cellular
        &amp; PCS Net activations (k)</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Pre-paid</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>33</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>73.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>101</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>n.m</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Post-paid</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>156</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>196</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(20.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>413</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>452</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>189</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>215</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(12.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>514</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>452</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cellular
        &amp; PCS subscribers (k)</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Pre-paid</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,059</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>958</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Post-paid</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,353</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,940</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%"> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,412</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,898</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Average
        revenue per unit ($/month)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>50</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>48</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Pre-paid</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>20.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Post-paid</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>62</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>60</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>60</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>59</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Churn (%)
        (average per month)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Pre-paid</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.8</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Post-paid</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.2</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.3</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Usage per
        subscriber (min/month)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>240</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>214</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>228</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>204</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cost of
        acquisition <SUP>(12) ($/sub)</SUP></FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>445</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>409</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(8.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>426</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>429</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Wireless
        EBITDA</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>229</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>151</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>51.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>918</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>754</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>21.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Wireless
        EBITDA margin</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>34.0</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>26.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>36.3</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>34.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>pts</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Browser
        hits (M)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>190</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>99</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>653</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>392</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>66.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Paging
        subscribers (k)</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>524</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>639</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(18.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Paging
        average revenue per unit ($/month)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Bell ExpressVu (Direct-to-Home
        Satellite Service)</FONT></B></TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="6%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Total subscribers
        (k)</FONT></TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="6%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,387</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,304</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>6.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Net subscriber
        activations (k)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>35</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>83</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(57.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>83</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>235</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(64.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Average
        revenue per subscriber ($/month)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>48</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>46</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cost of
        acquisition ($/sub)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>735</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>667</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(10.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
    size=1>%)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>671</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>690</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="52%"><FONT face="Arial, Helvetica, sans-serif" size=1>Churn (%)
        (average per month)</FONT></TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.0</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.1) pts</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="6%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.1</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="6%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(0.1) pts</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=4> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=3> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>

</TABLE>
<P><FONT face="Arial, Helvetica, sans-serif" size=1>* Operating statistics are
  reported on a consolidated basis, except where otherwise noted.</FONT></P>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 11</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<BR>
<P> <img src="logo-1.jpg" width="87" height="29"></P>
<P align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT
face="Arial, Helvetica, sans-serif" size=1>Bell Canada Segment<BR>
  Statistical Data - Historical Trend*</FONT></B> </P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2003</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4 03</FONT></B></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q3 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q2 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q1 03</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Total<BR>
        2002</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q4 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q3 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q2 02</FONT></TD>
      <TD align=right width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Q1 02</FONT></TD>
      <TD align=middle width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=10> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=2> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Wireline</FONT></B></TD>
      <TD align=middle width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>Local</FONT></B></TD>
      <TD align=middle width="4%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="4%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="4%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="4%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="4%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="4%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="4%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="4%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="4%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
      <TD align=middle width="4%">&nbsp;</TD>
      <TD align=middle width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Network
        access services (k)</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Residential</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>8,511</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8,539</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8,504</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8,566</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8,573</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8,580</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8,532</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>8,613</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Business</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,540</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,549</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,564</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,577</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,581</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,607</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,630</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,633</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=7> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=7> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Total network
        access services</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,051</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,088</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,068</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,143</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,154</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,187</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,162</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,246</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Estimated
        percentage of wireline NAS - Ontario and Quebec<SUP><FONT
      face="Arial, Helvetica, sans-serif" size=1>(7)</FONT></SUP></FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Residential</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>96.9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>97.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>97.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>97.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>97.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>98.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>98.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>98.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Business</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>90.4</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>90.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>90.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=7> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colSpan=7> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Total estimated
        percentage of wireline NAS</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>94.6</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>94.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>95.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>95.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>95.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>95.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>95.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>96.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>SmartTouch feature revenues ($M)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>931</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>233</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>234</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>233</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>231</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>923</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>231</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>230</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>230</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>232</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><B><FONT face="Arial, Helvetica, sans-serif" size=1>Long
        Distance (LD)</FONT></B></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Conversation minutes (M)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,132</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,685</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,664</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,911</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,872</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19,034</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>5,000</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,660</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,725</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,649</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Average
        revenue per minute ($)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.124</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.122</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.128</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.120</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.124</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.126</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.120</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.130</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.126</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.128</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Estimated
        percentage of traditional wireline LD revenues - Ontario</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>and Quebec </FONT><SUP><FONT
      face="Arial, Helvetica, sans-serif" size=1>(8)</FONT></SUP></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>62.9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>63.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>63.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>63.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>63.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>63.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>62.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>63.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=10> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Data</FONT></B></TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Data revenues
        ($M)<SUP><FONT face="Arial, Helvetica, sans-serif"
      size=1>(9)</FONT></SUP></FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Legacy</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,644</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>387</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>417</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>413</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>427</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,864</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>486</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>451</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>453</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>474</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Non-Legacy</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,147</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>585</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>514</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>542</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>506</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,906</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>538</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>457</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>480</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>431</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,791</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>972</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>931</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>955</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>933</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,770</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,024</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>908</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>933</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>905</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>Equivalent access lines<SUP><FONT
      face="Arial, Helvetica, sans-serif" size=1>(10) (k) - Bell Canada only</FONT></SUP></FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Digital
        equivalent access lines</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,867</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,771</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,708</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,704</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,683</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,645</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,833</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,815</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Broadband
        equivalent access lines</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>16,651</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15,393</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>14,658</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13,808</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12,568</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11,265</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10,176</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>9,431</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Internet
        subscribers<SUP>(11)</SUP> (k)</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>DSL High
        Speed Internet subscribers (k)</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,482</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,391</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,287</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,206</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,110</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,002</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>909</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>866</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Dial-up
        Internet subscribers (k)</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>869</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>892</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>911</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>940</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>957</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>985</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,031</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,036</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=7> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=7> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,351</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,283</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,198</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,146</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,067</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,987</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,940</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,902</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=10> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Wireless</FONT></B></TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cellular
        &amp; PCS Net activations (k)</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Pre-paid</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>101</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>33</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>23</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>27</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%">-</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>19</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>(29</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>)</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>15</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Post-paid</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>413</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>156</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>101</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>104</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>52</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>452</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>196</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>63</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>117</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>76</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD> <HR noShade SIZE=1> </TD>
      <TD colSpan=7> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>514</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>189</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>124</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>131</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>70</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>452</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>215</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>58</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>88</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>91</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cellular
        &amp; PCS subscribers (k)</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Pre-paid</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,059</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,026</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,003</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>976</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>958</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>939</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>944</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>973</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Post-paid</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,353</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,197</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,096</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,992</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,940</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,744</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,681</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2,564</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=7> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD colSpan=7> <HR noShade SIZE=1> </TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,412</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,223</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>4,099</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,968</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,898</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,683</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,625</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>3,537</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Average
        revenue per unit ($/month)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>48</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>50</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>50</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>48</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>45</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>48</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Pre-paid</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>12</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>11</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Post-paid</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>60</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>62</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>62</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>60</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>56</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>59</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>60</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>60</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>59</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>56</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Churn (%)
        (average per month)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Pre-paid</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.9</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.8</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.7</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>2.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=1>Post-paid</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.3</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.2</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.5</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Usage per
        subscriber (min/month)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>228</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>240</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>231</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>237</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>203</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>204</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>214</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>207</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>206</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>188</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cost of
        acquisition<SUP><FONT face="Arial, Helvetica, sans-serif" size=1>(12)
        ($/sub)</FONT></SUP></FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>426</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>445</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>425</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>435</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>387</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>429</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>409</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>441</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>471</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>407</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Wireless
        EBITDA</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>918</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>229</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>251</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>219</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>219</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>754</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>151</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>219</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>206</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>178</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Wireless
        EBITDA margins</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>36.3</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>34.0</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>35.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>34.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>26.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>38.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>37.6</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>35.3</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Browser
        hits (M)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>653</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>190</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>170</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>170</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>123</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>392</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>99</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>87</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>94</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>112</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Paging
        subscribers (k)</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>524</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>549</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>581</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>606</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>639</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>660</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>680</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>694</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Paging
        average revenue per unit ($/month)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>10</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD colSpan=10> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%" bgColor=#cccccc><B><FONT
      face="Arial, Helvetica, sans-serif" size=1>Bell ExpressVu (Direct-to-Home
        Satellite Service)</FONT></B></TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="4%" bgColor=#cccccc>&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Total subscribers
        (k)</FONT></TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,387</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,352</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,335</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,317</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD width="4%">&nbsp;</TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,304</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,221</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,176</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1,145</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Net subscriber
        activations (k)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>83</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>35</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>17</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>18</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>13</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>235</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>83</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>45</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>31</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>76</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Average
        revenue per subscriber ($/month)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>46</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>48</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>47</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>43</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>44</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>45</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Cost of
        acquisition ($/sub)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>671</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>735</FONT></B></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>613</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>655</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>675</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>690</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>667</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>630</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>769</FONT></TD>
      <TD width="2%">&nbsp;</TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>718</FONT></TD>
      <TD width="2%">&nbsp;</TD>
    </TR>
    <TR>
      <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=1>Churn (%)
        (average per month)</FONT></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.1</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.0</FONT></B></TD>
      <TD width="2%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=1>%</FONT></B></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.4</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.1</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.9</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.2</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>1.0</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
size=1>%</FONT></TD>
      <TD align=right width="4%"><FONT face="Arial, Helvetica, sans-serif"
      size=1>0.8</FONT></TD>
      <TD width="2%"><FONT face="Arial, Helvetica, sans-serif"
  size=1>%</FONT></TD>
    </TR>
    <TR>
      <TD colSpan=10> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
      <TD colSpan=9> <HR noShade SIZE=1> </TD>
      <TD>&nbsp;</TD>
    </TR>

</TABLE>
<P><FONT face="Arial, Helvetica, sans-serif" size=1>* Operating statistics are
  reported on a consolidated basis, except where otherwise noted.</FONT> </P>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 12</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><img src="logo-1.jpg" width="87" height="29"> </P>
<P align=right><B><FONT face="Arial, Helvetica, sans-serif" size=3>Accompanying
  Notes</FONT></B> </P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR vAlign=top align=left>
      <TD width="5%"><FONT face="Arial, Helvetica, sans-serif" size=2>(1) </FONT></TD>

    <TD width="95%"><FONT face="Arial, Helvetica, sans-serif" size=2>Effective
      December 2003, we started presenting the financial results of Aliant</FONT><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2">&#146;</FONT></FONT><FONT face="Arial, Helvetica, sans-serif" size=2>s
      remote communications segment which consisted mainly of Aliant</FONT><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2">&#146;</FONT></FONT><FONT face="Arial, Helvetica, sans-serif" size=2>s
      investment in Stratos Global Corporation (Stratos), and BCE Emergis</FONT><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2">&#146;</FONT></FONT><FONT face="Arial, Helvetica, sans-serif" size=2>
      US Health operations (US Health) as discontinued operations. Stratos results
      were previously presented in the Bell Canada Segment and US Health results
      were previously presented in the BCE Emergis segment. As a result, prior
      periods have been restated to reflect the discontinued operations treatment
      of Stratos and US Health.</FONT> </TD>
    </TR>
    <TR vAlign=top align=left>
      <TD width="5%">&nbsp;</TD>
      <TD width="95%">&nbsp;</TD>
    </TR>
    <TR vAlign=top align=left>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>(2)</FONT></TD>
      <TD> <P><B><FONT face="Arial, Helvetica, sans-serif" size=2>Non-GAAP financial
          Measures </FONT></B></P>
        <P><FONT face="Arial, Helvetica, sans-serif" size=2>Certain financial
          measures used in this Supplementary Financial Information do not have
          any standardized meaning prescribed by Canadian generally accepted accounting
          principles (GAAP). Below you will find a discussion of these non-GAAP
          financial measures, as well as a reconciliation to the most comparable
          GAAP measure. </FONT></P>
        <P><B><FONT face="Arial, Helvetica, sans-serif" size=2>EBITDA </FONT></B></P>
        <P><FONT face="Arial, Helvetica, sans-serif" size=2>The term EBITDA (earnings
          before interest, taxes, depreciation and amortization) does not have
          any standardized meaning prescribed by Canadian GAAP and is therefore
          unlikely to be comparable to similar measures presented by other issuers.
          We define it as operating revenues less operating expenses, which means
          it represents operating income before amortization expense, net benefit
          plans (cost) credit and restructuring and other charges. EBITDA is presented
          on a basis that is consistent from period to period. </FONT></P>

      <P><FONT face="Arial, Helvetica, sans-serif" size=2>We believe EBITDA to
        be an important measure as it allows us to assess the operating performance
        of our ongoing businesses without the effects of amortization expense,
        net benefit plans (cost) credit and restructuring and other charges. We
        exclude amortization expense and net benefit plans (cost) credit because
        they substantially depend on the accounting methods and assumptions a
        company uses, as well as non-operating factors such as the historical
        cost of capital assets and the fund performance of a company</FONT><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2">&#146;</FONT></FONT><FONT face="Arial, Helvetica, sans-serif" size=2>s
        pension plans. We exclude restructuring and other charges because they
        are transitional in nature. </FONT></P>

      <P><FONT face="Arial, Helvetica, sans-serif" size=2>EBITDA allows us to
        compare our operating performance on a consistent basis. We also believe
        that EBITDA is used by certain investors and analysts in measuring a company</FONT><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2">&#146;</FONT></FONT><FONT face="Arial, Helvetica, sans-serif" size=2>s
        ability to service debt and to meet other payment obligations or as the
        basis for a valuation measurement that is commonly used in the telecommunications
        industry. </FONT></P>
        <P><FONT face="Arial, Helvetica, sans-serif" size=2>EBITDA should not
          be confused with net cash flows from operating activities. The most
          comparable Canadian GAAP earnings measure is operating income. The following
          is a reconciliation of EBITDA to operating income on a consolidated
          and segmented basis. </FONT></P></TD>
    </TR>

</TABLE>
<DIV align=center><BR>
  <TABLE borderColor=#000000 cellSpacing=0 cellPadding=4 rules=none width="90%"
border=2 frame=box>

      <TR vAlign=bottom>
        <TD align=left width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(in $ millions)</FONT></TD>
        <TD align=right><FONT face="Arial, Helvetica, sans-serif"
      size=2>Bell<BR>
          Canada</FONT></TD>
        <TD align=right><FONT face="Arial, Helvetica, sans-serif"
      size=2>Bell<BR>
          Globe-<BR>
          media</FONT></TD>
        <TD align=right><FONT face="Arial, Helvetica, sans-serif"
      size=2>BCE<BR>
          Emergis</FONT></TD>
        <TD align=right><FONT face="Arial, Helvetica, sans-serif"
      size=2>BCE<BR>
          Ventures</FONT></TD>
        <TD align=right><FONT face="Arial, Helvetica, sans-serif"
      size=2>Corpo-<BR>
          rate and<BR>
          other</FONT></TD>
        <TD align=right><FONT face="Arial, Helvetica, sans-serif"
      size=2>BCE<BR>
          Consoli-<BR>
          dated</FONT></TD>
      </TR>
      <TR>
        <TD colSpan=7> <HR color=#000000 noShade SIZE=2> </TD>
      </TR>
      <TR>
        <TD width="40%"><B><FONT face="Arial, Helvetica, sans-serif" size=2>Q4
          2003</FONT></B></TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
      </TR>
      <TR>
        <TD width="40%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>EBITDA</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>1 731</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>83</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>6</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>91</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(57)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>1 854</FONT></B></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>Amortization expense</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(742)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(14)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(10)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(34)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>14</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(786)</FONT></B></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=2>Net benefit
          plans (cost) credit</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(46)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(3)</FONT></B></TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>3</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(46)</FONT></B></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>Restructuring and other charges</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(13)</FONT></B></TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(38)</FONT></B></TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(51)</FONT></B></TD>
      </TR>
      <TR>
        <TD colSpan=7> <HR color=#000000 noShade SIZE=2> </TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=2>Operating
          income (loss)</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>930</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>66</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(42)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>57</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(40)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>971</FONT></B></TD>
      </TR>
      <TR>
        <TD colSpan=7> <HR color=#000000 noShade SIZE=2> </TD>
      </TR>
      <TR>
        <TD width="40%"><B><FONT face="Arial, Helvetica, sans-serif" size=2>Q4
          2002</FONT></B></TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
      </TR>
      <TR>
        <TD width="40%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>EBITDA</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>1 690</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>72</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>10</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>71</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(36)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>1 807</FONT></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>Amortization expense</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(734)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(16)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(12)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(28)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>17</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(773)</FONT></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=2>Net benefit
          plans (cost) credit</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>9</FONT></TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(1)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>8</FONT></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>Restructuring and other charges</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(302)</FONT></TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(93)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(395)</FONT></TD>
      </TR>
      <TR>
        <TD colSpan=7> <HR color=#000000 noShade SIZE=2> </TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=2>Operating
          income (loss)</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>663</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>56</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(2)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>43</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(113)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>647</FONT></B></TD>
      </TR>

  </TABLE>
</DIV>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 13</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><img src="logo-1.jpg" width="87" height="29"> </P>
<P align=right><B><FONT face="Arial, Helvetica, sans-serif" size=3>Accompanying
  Notes (continued)</FONT></B> </P>
<DIV align=center>
  <TABLE borderColor=#000000 cellSpacing=0 cellPadding=4 rules=none width="90%"
border=2 frame=box>

      <TR vAlign=bottom>
        <TD align=left width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(in $ millions)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>Bell<BR>
          Canada</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>Bell<BR>
          Globe-<BR>
          media</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>BCE<BR>
          Emergis</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>BCE<BR>
          Ventures</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>Corpo-<BR>
          rate and<BR>
          other</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>BCE<BR>
          Consoli-<BR>
          dated</FONT></TD>
      </TR>
      <TR>
        <TD colSpan=7> <HR color=#000000 noShade SIZE=2> </TD>
      </TR>
      <TR>
        <TD width="40%"><B><FONT face="Arial, Helvetica, sans-serif" size=2>Full
          Year 2003</FONT></B></TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
      </TR>
      <TR>
        <TD width="40%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>EBITDA</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>7 001</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>233</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>15</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>347</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(170)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>7 426</FONT></B></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>Amortization expense</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(2 970)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(60)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(46)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(126)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>55</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(3 147)</FONT></B></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=2>Net benefit
          plans (cost) credit</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(181)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(6)</FONT></B></TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>12</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(175)</FONT></B></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>Restructuring and other charges</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(14)</FONT></B></TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(38)</FONT></B></TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(52)</FONT></B></TD>
      </TR>
      <TR>
        <TD colSpan=7> <HR color=#000000 noShade SIZE=2> </TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=2>Operating
          income (loss)</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>3 836</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>167</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(69)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>221</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(103)</FONT></B></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>4 052 </FONT></B></TD>
      </TR>
      <TR>
        <TD colSpan=7> <HR color=#000000 noShade SIZE=2> </TD>
      </TR>
      <TR>
        <TD width="40%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
      </TR>
      <TR>
        <TD width="40%"><B><FONT face="Arial, Helvetica, sans-serif" size=2>Full
          Year 2002</FONT></B></TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
      </TR>
      <TR>
        <TD width="40%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>EBITDA</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>7 079</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>180</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(29)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>287</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(162)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>7 355</FONT></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>Amortization expense</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(2 894)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(67)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(58)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(121)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>58</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(3 082)</FONT></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=2>Net benefit
          plans (cost) credit</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>38</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(3)</FONT></TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(2)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>33</FONT></TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>Restructuring and other charges</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(675)</FONT></TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(119)</FONT></TD>
        <TD align=right width="10%">-</TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(93)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(887)</FONT></TD>
      </TR>
      <TR>
        <TD colSpan=7> <HR color=#000000 noShade SIZE=2> </TD>
      </TR>
      <TR>
        <TD width="40%"><FONT face="Arial, Helvetica, sans-serif" size=2>Operating
          income (loss)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>3 548</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>110</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(206)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>166</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(199)</FONT></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>3 419</FONT></TD>
      </TR>

  </TABLE>
</DIV>
<P><B><FONT face="Arial, Helvetica, sans-serif" size=2>Free Cash Flow<BR>
  </FONT></B><FONT face="Arial, Helvetica, sans-serif" size=2>The term free cash
  flow does not have any standardized meaning prescribed by Canadian GAAP and
  is therefore unlikely to be comparable to similar measures presented by other
  issuers. We define it as cash from operating activities less capital expenditures,
  total dividends and other investing activities. Free cash flow is presented
  on a basis that is consistent from period to period. We consider free cash flow
  as an important indicator of the financial strength and performance of our business
  as it demonstrates the cash available to repay debt and reinvest in our company.
  We believe that free cash flow is also used by certain investors and analysts
  in valuing a business and its underlying assets. The most comparable Canadian
  GAAP financial measure is cash from operating activities. The following is a
  reconciliation of free cash flow to cash from operating activities on a consolidated
  basis: </FONT></P>
<DIV align=center>
  <TABLE borderColor=#000000 cellSpacing=0 cellPadding=4 rules=none width="90%"
border=2 frame=box>

      <TR>
        <TD width="60%"><FONT face="Arial, Helvetica, sans-serif" size=2>(in $
          millions)</FONT></TD>
        <TD align=middle width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>Q4 2003</FONT></B></TD>
        <TD align=middle width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>Q4 2002</FONT></B></TD>
        <TD align=middle width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>FY 2003</FONT></B></TD>
        <TD align=middle width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>FY 2002</FONT></B></TD>
      </TR>
      <TR>
        <TD colSpan=5> <HR color=#000000 noShade SIZE=1> </TD>
      </TR>
      <TR>
        <TD width="60%"><FONT face="Arial, Helvetica, sans-serif" size=2>Cash
          from operating activities</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>1 610</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>1 138</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>6 015</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>4 378</FONT></TD>
      </TR>
      <TR>
        <TD width="60%"><FONT face="Arial, Helvetica, sans-serif" size=2>Capital
          expenditures</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(1 083)</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(1 066)</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(3 179)</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(3 731)</FONT></TD>
      </TR>
      <TR>
        <TD width="60%"><FONT face="Arial, Helvetica, sans-serif" size=2>Other
          investing activities</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(7)</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(1)</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>64</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>13</FONT></TD>
      </TR>
      <TR>
        <TD width="60%"><FONT face="Arial, Helvetica, sans-serif" size=2>Preferred
          dividends and dividends paid</FONT></TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
        <TD width="10%">&nbsp;</TD>
      </TR>
      <TR>
        <TD width="60%">&nbsp;&nbsp;&nbsp;<FONT
      face="Arial, Helvetica, sans-serif" size=2>by subsidiaries to non-controlling
          interest</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(69)</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(160)</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(245)</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(511)</FONT></TD>
      </TR>
      <TR>
        <TD colSpan=5> <HR color=#000000 noShade SIZE=1> </TD>
      </TR>
      <TR>
        <TD width="60%"><FONT face="Arial, Helvetica, sans-serif" size=2>Free
          cash flow from operations, before common dividends</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>451</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(89)</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>2 655</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>149</FONT></TD>
      </TR>
      <TR>
        <TD width="60%"><FONT face="Arial, Helvetica, sans-serif" size=2>Common
          dividends</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(259)</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(271)</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>(1 029)</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(999)</FONT></TD>
      </TR>
      <TR>
        <TD colSpan=5> <HR color=#000000 noShade SIZE=1> </TD>
      </TR>
      <TR>
        <TD width="60%"><FONT face="Arial, Helvetica, sans-serif" size=2>Free
          cash flow from operations, after common dividends</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>192</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(360)</FONT></TD>
        <TD align=right width="10%"><B><FONT face="Arial, Helvetica, sans-serif"
      size=2>1 626</FONT></B></TD>
        <TD align=right width="10%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>(850)</FONT></TD>
      </TR>

  </TABLE>
  <BR>
</DIV>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR vAlign=top align=left>
      <TD width="5%"><FONT face="Arial, Helvetica, sans-serif" size=2>(3) </FONT></TD>
      <TD width="95%"><FONT face="Arial, Helvetica, sans-serif" size=2>Cash flow
        per share is calculated as follows: <BR>
        <BR>
        <U><FONT
      face="Arial, Helvetica, sans-serif" size=2>Cash flow from operations less
        capital expenditures<BR>
        </FONT></U><FONT
      face="Arial, Helvetica, sans-serif" size=2>Average number of common shares
        outstanding during the period </FONT></FONT></TD>
    </TR>
    <TR vAlign=top align=left>
      <TD width="5%">&nbsp;</TD>
      <TD width="95%">&nbsp;</TD>
    </TR>
    <TR vAlign=top align=left>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>(4) </FONT></TD>
      <TD> <P><FONT face="Arial, Helvetica, sans-serif" size=2>Annualized cash
          flow yield is calculated as follows: </FONT></P>
        <P><FONT face="Arial, Helvetica, sans-serif" size=2></FONT><U><FONT
      face="Arial, Helvetica, sans-serif" size=2>Free cash flow before common
          dividends, investments and divestitures<BR>
          </FONT></U><FONT
      face="Arial, Helvetica, sans-serif" size=2>Number of common shares outstanding
          at end of period multiplied by share price at end of period</FONT></P></TD>
    </TR>

</TABLE>
<P>&nbsp;</P>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 14</FONT></P>
<BR>
<BR>
<HR color=gray noShade SIZE=3>
<!-- *************************************************************************** -->
<!-- MARKER PAGE="sheet: 1; page: 1" -->
<BR>
<BR>
<P><img src="logo-1.jpg" width="87" height="29"> </P>
<P align=right><B><FONT face="Arial, Helvetica, sans-serif" size=3>Accompanying
  Notes (continued)</FONT></B> </P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR vAlign=top align=left>
      <TD width="5%"><FONT face="Arial, Helvetica, sans-serif" size=2>(5) </FONT></TD>
      <TD width="95%"><FONT face="Arial, Helvetica, sans-serif" size=2>Reflects
        an increase in the Bell Canada Segment debt as a result of the completion
        of the purchase price allocation (PPA) relating to the repurchase of SBC&#146;s
        20% interest in Bell Canada, which resulted in an increase in long-term
        debt of $165 million. This increase in long-term debt will be applied
        against interest expense ($6 million in Q4 2003, $24 million YTD) over
        the remaining terms of the related long-term debt. </FONT></TD>
    </TR>
    <TR vAlign=top align=left>
      <TD width="5%">&nbsp;</TD>
      <TD width="95%">&nbsp;</TD>
    </TR>
    <TR vAlign=top align=left>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>(6)</FONT></TD>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>At the BCE Consolidated
        level, 3</FONT><SUP><FONT face="Arial, Helvetica, sans-serif"
      size=2>rd</FONT></SUP><FONT face="Arial, Helvetica, sans-serif" size=2>
        Party Preferred Shares reflected in the financial statements of subsidiaries
        are included in non-controlling interest within the liabilities section
        of the balance sheet. </FONT></TD>
    </TR>
    <TR vAlign=top align=left>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR vAlign=top align=left>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>(7) </FONT></TD>

    <TD><FONT face="Arial, Helvetica, sans-serif" size=2>Bell Canada</FONT><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2">&#146;</FONT></FONT><FONT face="Arial, Helvetica, sans-serif" size=2>s
      estimated percentage of wireline NAS reflects losses to facilities-based
      competition only. </FONT></TD>
    </TR>
    <TR vAlign=top align=left>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR vAlign=top align=left>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>(8)</FONT></TD>

    <TD><FONT face="Arial, Helvetica, sans-serif" size=2>Represents Bell Canada</FONT><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2">&#146;</FONT></FONT><FONT face="Arial, Helvetica, sans-serif" size=2>s
      estimated percentage of traditional wireline revenues in Ontario and Quebec
      reflecting 1+, toll-free and calling card traffic. This measure does not
      include Bell Canada</FONT><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2">&#146;</FONT></FONT><FONT face="Arial, Helvetica, sans-serif" size=2>s
      share of long distance traffic originating through the use of dial-around
      services, prepaid cards and cellular and PCS services. </FONT></TD>
    </TR>
    <TR vAlign=top align=left>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR vAlign=top align=left>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>(9)</FONT></TD>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>Legacy data revenues
        include digital transmission services such as MEGALINK</FONT><SUP><FONT
      face="Arial, Helvetica, sans-serif" size=2> TM</FONT></SUP><FONT
      face="Arial, Helvetica, sans-serif" size=2>, network access and Integrated
        Services Digital Network (ISDN) and Data, as well as, competitive network
        services and the sale of inter-networking equipment. <BR>
        <BR>
        <FONT
      face="Arial, Helvetica, sans-serif" size=2>Non-legacy data revenues include
        national and regional IP data, Internet and e-commerce.</FONT> </FONT></TD>
    </TR>
    <TR vAlign=top align=left>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR vAlign=top align=left>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>(10) </FONT></TD>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>Digital equivalent
        access lines are derived by converting low capacity data lines (DS-3 and
        lower) to the equivalent number of voice grade access lines. Broadband
        equivalent access lines are derived by converting high capacity data lines
        (higher than DS-3) to the equivalent number of voice grade access lines.
        </FONT></TD>
    </TR>

</TABLE>
<P align=center><FONT face="Arial, Helvetica, sans-serif" size=2>Conversion factors</FONT></P>
<DIV align=center>
  <TABLE cellSpacing=0 cellPadding=0 width="30%" border=0>

      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>DS-0</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>1</FONT></TD>
      </TR>
      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif" size=2>Basic
          ISDN</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>2</FONT></TD>
      </TR>
      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif" size=2>Primary
          ISDN</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>23</FONT></TD>
      </TR>
      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif" size=2>DS-1,
          DEA</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>24</FONT></TD>
      </TR>
      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>DS-3</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>672</FONT></TD>
      </TR>
      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>OC-3</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>2,016</FONT></TD>
      </TR>
      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>OC-12</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>8,064</FONT></TD>
      </TR>
      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>OC-48</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>32,256</FONT></TD>
      </TR>
      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>OC-192</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>129,024</FONT></TD>
      </TR>
      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif" size=2>10 Base
          T</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>155</FONT></TD>
      </TR>
      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif" size=2>100 Base
          T</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>1,554</FONT></TD>
      </TR>
      <TR>
        <TD width="50%"><FONT face="Arial, Helvetica, sans-serif" size=2>Gigabit
          E</FONT></TD>
        <TD align=right width="50%"><FONT face="Arial, Helvetica, sans-serif"
      size=2>15,554</FONT></TD>
      </TR>

  </TABLE>
</DIV>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

    <TR vAlign=top align=left>
      <TD width="5%">&nbsp;</TD>
      <TD width="95%">&nbsp;</TD>
    </TR>
    <TR vAlign=top align=left>
      <TD width="5%"><FONT face="Arial, Helvetica, sans-serif" size=2>(11) </FONT></TD>
      <TD width="95%"><FONT face="Arial, Helvetica, sans-serif" size=2>DSL High
        Speed Internet subscribers include consumer, business and wholesale. Dial-up
        Internet subscribers include consumer and business. </FONT></TD>
    </TR>
    <TR vAlign=top align=left>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
    </TR>
    <TR vAlign=top align=left>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>(12) </FONT></TD>
      <TD><FONT face="Arial, Helvetica, sans-serif" size=2>Includes allocation
        of selling costs from Bell Canada and excludes costs of migrating from
        analog to digital. Cost of Acquisition (COA) per subscriber is reflected
        on a consolidated basis. </FONT></TD>
    </TR>

</TABLE>
<P>&nbsp;</P>
<P align=right><FONT face="Arial, Helvetica, sans-serif" size=1>BCE Inc. Supplementary
  Financial Information - Fourth Quarter 2003 Page 15</FONT></P>
<HR align=center width="100%" noShade SIZE=3>
<p>&nbsp;</p>
<p>&nbsp;</p>
<P ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B><font face="Arial, Helvetica, sans-serif">SIGNATURE</font></B></FONT></FONT></P>
<p>&nbsp;</p>
<P ALIGN="LEFT"><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="2">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.</FONT></FONT></P>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr>
    <td width="45%">&nbsp;</td>
    <td width="45%"><FONT FACE="Arial, Helvetica, sans-serif"><FONT SIZE="3"><b>BCE
      Inc. </b></FONT></FONT></td>
    <td width="10%">&nbsp;</td>
  </tr>
  <tr>
    <td width="45%"> <p>&nbsp;</p>
      <p>&nbsp;</p>
      <p>&nbsp;</p></td>
    <td width="45%" valign="bottom"><font size="2" face="Arial, Helvetica, sans-serif">(signed)
      Michael T. Boychuk<br>
      </font> <hr width=100% size=1 color=BLACK noshade> </td>
    <td width="10%"><font size="3" face="Arial, Helvetica, sans-serif"><br>
      <br>
      <br>
      <br>
      <br>
      </font> </td>
  </tr>
  <tr>
    <td width="45%">&nbsp;</td>
    <td width="45%"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Michael
      T. Boychuk<br>
      Senior Vice-President and Treasurer</FONT> </td>
    <td width="10%">&nbsp;</td>
  </tr>
  <tr>
    <td width="45%">&nbsp;</td>
    <td width="45%" valign="bottom"><font size="2" face="Arial, Helvetica, sans-serif">Date:
      February 5, 2004</font></td>
    <td width="10%"><font size="3" face="Arial, Helvetica, sans-serif"><br>
      <br>
      <br>
      </font></td>
  </tr>
</table>
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end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
