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<SEC-DOCUMENT>0000718940-04-000043.txt : 20040928
<SEC-HEADER>0000718940-04-000043.hdr.sgml : 20040928
<ACCEPTANCE-DATETIME>20040927182755
ACCESSION NUMBER:		0000718940-04-000043
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040927
FILED AS OF DATE:		20040928
DATE AS OF CHANGE:		20040927

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:		041047984

	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>bceform6kewr.htm
<DESCRIPTION>EARLY WARNING REPORT RE: SALE OF MTS SHARES
<TEXT>
<HTML>
<HEAD>
<TITLE>AutoCoded Document</TITLE>
</HEAD>
<BODY>
<p align="center">&nbsp;</p>
<p align="center">&nbsp;</p>
<p align="center"><FONT size="2" FACE="Arial, Helvetica, sans-serif"><B><font size="4">SECURITIES
  AND EXCHANGE COMMISSION</font><br>
  WASHINGTON, D.C. 20549</B><br>
  </FONT></p>
<P ALIGN="center"><FONT size="4" FACE="Arial, Helvetica, sans-serif"><B>FORM 6-K</B></FONT></P>
<p>&nbsp;</p>
<p>&nbsp; </p>
<P ALIGN="center"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>REPORT
  OF FOREIGN PRIVATE ISSUER </B></FONT></P>
<P ALIGN="center"><font size="2" 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 size="2" face="Arial, Helvetica, sans-serif">For the
      month of: <b>September 2004</b></font></td>
    <td width="47%"><div align="right"><font size="2" 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 size="2" FACE="Arial, Helvetica, sans-serif"><B>BCE Inc.<br>
  </B><I>(Translation of Registrant&#146;s name into English)</I></FONT></P>
<font size="2" face="Arial, Helvetica, sans-serif">
<!-- MARKER FORMAT-SHEET="Para Flush" -->
</font>
<P ALIGN="center"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>1000,
  rue de La Gaucheti&egrave;re Ouest, Bureau 3700, Montr&eacute;al, Qu&eacute;bec
  H3B 4Y7, (514) 397-7000<br>
  </B><I>(Address of principal executive offices)</I></FONT></P>
<P ALIGN="LEFT">&nbsp;</P>
<blockquote>
  <p align="LEFT"><FONT size="2" FACE="Arial, Helvetica, sans-serif"> Indicate
    by check mark whether the Registrant files or will file annual reports under
    cover of Form 20-F or Form 40-F.</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 size="2" face="Arial, Helvetica, sans-serif">Form
      20-F</font></td>
    <td width="8%"><font size="2" face="Arial, Helvetica, sans-serif"><br>
      </font> <hr align="left" width=100% size=1 noshade color=BLACK> </td>
    <td width="32%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">Form
      40-F</font></td>
    <td width="9%" valign="bottom"><div align="center"><font size="2" 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 size="2" FACE="Arial, Helvetica, sans-serif">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>
  </p>
</blockquote>
<font size="2" 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 size="2" face="Arial, Helvetica, sans-serif">Yes</font></td>
    <td width="8%"><font size="2" face="Arial, Helvetica, sans-serif"><br>
      </font> <hr width=100% size=1 color=BLACK noshade> </td>
    <td width="27%" align="right"><font size="2" face="Arial, Helvetica, sans-serif">No</font></td>
    <td width="9%"> <div align="center"><font size="2" 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 size="2" FACE="Arial, Helvetica, sans-serif">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> </p>
</blockquote>
<p>&nbsp;</p>
<hr width="100%" size=4 color=GRAY noshade>
<p align="center">&nbsp;</p>
<p align="center"><font size="2" face="Arial, Helvetica, sans-serif">REPORT PURSUANT
  TO<br>
  </font><FONT size="2" FACE="Arial, Helvetica, sans-serif">SECTION 111(2) OF
  THE SECURITIES ACT (BRITISH COLUMBIA) <br>
  SECTION 176(2) OF THE SECURITIES ACT (ALBERTA) <br>
  SECTION 110(2) OF THE SECURITIES ACT, 1988 (SASKATCHEWAN) <br>
  SECTION 92(2) OF THE SECURITIES ACT (MANITOBA) <br>
  SECTION 101(2) OF THE SECURITIES ACT (ONTARIO) <br>
  SECTION 147.12 OF THE SECURITIES ACT (QUEBEC) <br>
  SECTION 107(2) OF THE SECURITIES ACT (NOVA SCOTIA) <br>
  SECTION 102(2) OF THE SECURITIES ACT (NEWFOUNDLAND)<br>
  </FONT></p>
<p><FONT size="2" FACE="Arial, Helvetica, sans-serif">The following information
  is filed pursuant to the provisions listed above under applicable securities
  legislation:</FONT></p>
<table width="99%" border="0">
  <tr>
    <td width="10%"><font size="2" face="Arial, Helvetica, sans-serif"><b>(a)
      </b></font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif"><b>The
      name and address of the offeror:</b></font></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">BCE Inc.
      (&#147;BCE&#148;) <br>
      1000, rue de La Gaucheti&egrave;re Ouest <br>
      Bureau 3700 <br>
      Montr&eacute;al, Qu&eacute;bec, Canada <br>
      H3B 4Y7</font></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif"><b>(b)</b></font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>
        The designation and number or principal amount of securities and the offeror&#146;s
        securityholding percentage in the class of securities of which the offeror
        acquired ownership or control in the transaction or occurrence giving
        rise to the obligation to file the news release and whether it was ownership
        or control that was acquired in those circumstances: </b></font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">On
        September 23, 2004, BCE sold through the facilities of the Toronto Stock
        Exchange 6,000,000 common shares of Manitoba Telecom Services Inc. (&#147;MTS&#148;)
        at a price of $42.65 per share. These shares represented 7.55%<SUP>1</SUP> (calculated
        on a basic basis) and 7.02%<SUP>2</SUP> (calculated on a fully diluted basis) of
        the issued and outstanding common shares of MTS.</font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">On
        September 22, 2004, MTS released preliminary information concerning its
        substantial issuer bid (&#147;SIB&#148;) indicating that its preliminary
        estimate of the pro-ration factor to be applied to shares of MTS properly
        deposited under the SIB was approximately 0.55. However, on September
        27, 2004, MTS released final information concerning its SIB indicating
        that the pro-ration factor to be applied to shares of MTS properly deposited
        under the SIB had been increased to 0.6228. Based on this information,
        MTS has taken up and accepted for payment from BCE, at $43.00 per share,
        approximately 8,492,400 MTS common shares representing 10.69%<SUP>1</SUP>
        (calculated on a basic basis) and 9.94%<SUP>2</SUP> (calculated on a fully
        diluted basis) of the issued and outstanding common shares of MTS.</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="35%"><hr width=100% size=1 color=BLACK noshade></td>
    <td width="65%">&nbsp;</td>
  </tr>
</table>
<br>
<table width="99%" border="0">
  <tr>
    <td><div align="justify"><font size="1" face="Arial, Helvetica, sans-serif"><SUP>1</SUP>
        Based on the number of issued and outstanding common shares of MTS as
        at September 21, 2004 (i.e., 79,438,272) as disclosed to BCE by Computershare
        Trust Company of Canada (&#147;Computershare&#148;). </font></div></td>
  </tr>
  <tr>
    <td><div align="justify"><font size="1" face="Arial, Helvetica, sans-serif"><SUP>2</SUP>
        Based on the aggregate number of issued and outstanding common shares
        and Class B preference shares of MTS as at September 21, 2004 (i.e., 85,473,194)
        as disclosed to BCE by Computershare.</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<hr width="100%" size=4 color=GRAY noshade>
<p><font size="2" face="Arial, Helvetica, sans-serif"> </font> </p>
<P ALIGN="right"><FONT size="2" FACE="Arial, Helvetica, sans-serif"> 2 </FONT></P>
<table width="99%" border="0">
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Following
        the announcement by MTS on September 27, 2004 that the final pro-ration
        factor under its SIB was increased from 0.55 to 0.6228, BCE purchased
        in the market 856,562 MTS common shares at a price of $43.42 per share
        in order to be in a position to settle the full number of MTS common shares
        that it sold on September 23, 2004.</font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif"><b>(c)</b></font></td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>
        The designation and number or principal amount of securities and the offeror&#146;s
        securityholding percentage in the class of securities immediately after
        the transaction or occurrence giving rise to the obligation to file the
        news release: </b></font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">As
        a result of the transactions disclosed under paragraph (b) above, BCE
        no longer owns any shares of MTS.</font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif"><b>(d)
      </b></font></td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>The
        designation and number or principal amount of securities and the percentage
        of outstanding securities of the class of securities referred to in paragraph
        (c) above over which: </b></font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif"><b>(i)</b></font></td>
    <td width="80%"><font size="2" face="Arial, Helvetica, sans-serif"><b> The
      offeror, either alone or together with any joint actors, has ownership and
      control; </b></font></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font size="2" face="Arial, Helvetica, sans-serif">As disclosed
      in paragraph (c) above.</font></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif"><b>(ii)</b></font></td>
    <td width="80%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>
        The offeror, either alone or together with any joint actors, has ownership
        but control is held by other persons or companies other than the offeror
        or any joint actor; and</b></font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font size="2" face="Arial, Helvetica, sans-serif">Not applicable</font></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif"><b>(iii)</b></font></td>
    <td width="80%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>
        The offeror, either alone or together with any joint actors, has exclusive
        or shared control but does not have ownership; </b><b></b></font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font size="2" face="Arial, Helvetica, sans-serif">Not applicable</font></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif"><b>(e)
      </b></font></td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>The
        name of the market in which the transaction or occurrence that gave rise
        to the news release took place:</b></font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The
        sale of 6,000,000 MTS common shares referred to in paragraph (b) above
        was carried out through the facilities of the Toronto Stock Exchange.
        </font></p>
      <p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The
        sale of approximately 8,492,400 MTS common shares referred to in paragraph
        (b) above was made to MTS under the terms and conditions of its SIB. </font></p></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif"><b>(f)</b></font></td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>
        The purpose of the offeror and any joint actors in effecting the transaction
        or occurrence that gave rise to the news release, including any future
        intention to acquire ownership of, or control over, additional securities
        of the reporting issuer: </b></font></div></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<hr width="100%" size=4 color=GRAY noshade>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="right"><FONT size="2" FACE="Arial, Helvetica, sans-serif">3 </FONT></P>
<table width="99%" border="0">
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The
        dispositions of MTS common shares referred to in paragraph (b) above are
        consistent with BCE&#146;s previously announced intention (see BCE&#146;s
        Early Warning Report dated August 3, 2004) to dispose of its MTS common
        shares in one or more transactions. <b></b></font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif"><b>(g)</b></font></td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>
        The general nature and the material terms of any agreement, other than
        lending arrangements, with respect to securities of the reporting issuer
        entered into by the offeror, or any joint actor, and the issuer of the
        securities or any other entity in connection with the transaction or occurrence
        giving rise to the news release, including agreements with respect to
        the acquisition, holding, disposition or voting of any securities:</b></font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Please
        refer to paragraph (g) of BCE&#146;s Early Warning Report dated August
        3, 2004. However, as disclosed in paragraph (c) above, BCE no longer owns
        any shares of MTS.</font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%"><font size="2" face="Arial, Helvetica, sans-serif"><b>(h)
      </b></font></td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"><b>The
      names of any joint actors in connection with the disclosure required herein:
      </b></font></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">Not applicable.
      <b></b></font></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif"><b>(i)</b></font></td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>
        In the case of a transaction or occurrence that did not take place on
        a stock exchange or other market that represents a published market for
        the securities, including an issuance from treasury, the nature and value
        of the consideration paid by the offeror: </b><b></b></font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Refer
        to paragraph (b) above for more details concerning the sale of MTS common
        shares by BCE to MTS pursuant to the terms and conditions of the SIB.
        </font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif"><b>(j)</b></font></td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>
        If applicable, a description of any change in any material fact set out
        in a previous report by the entity under the early warning requirements
        or Part 4 of National Instrument 62-103 in respect of the reporting issuer&#146;s
        securities: </b></font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">As described
      in paragraphs (b) and (c) above. </font></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td colspan="2">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="6%">&nbsp;</td>
    <td width="84%"><font size="2" face="Arial, Helvetica, sans-serif">Dated the
      27<SUP>th</SUP> day of September 2004. <b></b></font></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<table width="100%" border="0" cellpadding="0" cellspacing="0">
  <tr>
    <td width="45%">&nbsp;</td>
    <td width="45%"><FONT size="2" FACE="Arial, Helvetica, sans-serif"><b>BCE
      Inc. </b></FONT></td>
    <td width="10%">&nbsp;</td>
  </tr>
  <tr>
    <td width="45%" valign="bottom"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif"><br>
        <br>
        </font></div></td>
    <td width="45%" valign="bottom"><font size="2" face="Arial, Helvetica, sans-serif">
      By:&nbsp;&nbsp;(signed) Michael T. Boychuk<br>
      </font> <hr width=100% size=1 color=BLACK noshade> </td>
    <td width="10%"><font size="2" 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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Michael
      T. Boychuk<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: &nbsp;&nbsp;Senior Vice-President and Treasurer</FONT> </td>
    <td width="10%">&nbsp;</td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<hr width="100%" size=4 color=GRAY noshade>
<p>&nbsp;</p>
<P ALIGN="center"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="3"><B><font size="2" face="Arial, Helvetica, sans-serif">SIGNATURE</font></B></FONT></FONT></P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<p>&nbsp;</p>
<P ALIGN="LEFT"><FONT size="2" FACE="Arial, Helvetica, sans-serif">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></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 size="2" FACE="Arial, Helvetica, sans-serif"><b>BCE
      Inc. </b></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="2" 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:
      September 27, 2004</font></td>
    <td width="10%"><font size="2" face="Arial, Helvetica, sans-serif"><br>
      <br>
      <br>
      </font></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
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</TEXT>
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